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China Pharma Holdings, Inc. Reports Full Year 2010 Financial Results
Date:3/3/2011

United States Securities and Exchange Commission. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations except as required by applicable law or regulation.* Please see the section entitled "Use of Non-GAAP Financial Measures" and see the table entitled "Reconciliation of Non-GAAP Adjusted Net Income and Diluted EPS" appearing later in this release for a reconciliation of these non-GAAP measures to GAAP Income and EPS. - FINANCIAL TABLES FOLLOW -  

China Pharma Holdings, Inc.Reconciliation of Non-GAAP Adjusted Net Income and Diluted EPS(Unaudited, $ in thousand except share and per share data)For the Year Ended December 31,20102009Net income

EPSNet income

EPSAdjusted net income, excluding approximate after-tax impact of derivative gain(loss) and one-time bad debt estimate change

$
21,825

$
.50$
7,676

$
.42Add: Derivate Gain (Loss) (a)

1,589

0.04(2,260)

(0.05)Adjusted net income, excluding approximate after-tax impact of derivative gain (loss) (Non-GAAP)

23,414

0.5415,416

0.36Approximate after-tax impact of one-time bad debt estimate change (b)

-

-2,558

0.06Net income as reported (GAAP)

$
23,414

$
.54$
7,974

$
.43(a) Represents the approximate amount that net income or EPS of the corresponding periods would have decreased by if derivative reclassification had not been made(b) Represents the approximate amount that net income or EPS of the corresponding periods would have decreased by if bad debt estimate had been changed prior to the beginning of 2009.CHINA PHARMA HOLDINGS, INC.CONSOLIDATED BALANCE SHEETSDecember 31,20102009(As AdjustedASSETS - Note 1) Current Assets:Cash and cash equivalents$
3,692,086$
3,634,753
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SOURCE China Pharma Holdings, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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