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China Pharma Holdings, Inc. Reports Full Year 2011 Financial Results
Date:3/15/2012

 

591,470

 

785,383Other payables

 

13,327

 

(30,183)Advances from customers

 

518,718

 

132,572Net Cash Provided by Operating Activities 

5,237,324

 

7,785,487 

 

 

 

 Cash Flows from Investing Activities: 

 

 

 Net investment in banker's acceptances

 

(82,149)

 

-Advances for purchases of property and equipment 

 

 

 

 and intangible assets

 

(5,191,385)

 

(10,454,529)Purchase of property and equipment

 

(352,362)

 

(63,852)Net Cash Used in Investing Activities 

(5,625,896)

 

(10,518,381) 

 

 

 

 Cash Flows from Financing Activity: 

 

 

 Proceeds from issuance of notes payable

 

-

 

3,687,996Payments of notes payable

 

-

 

(3,835,515)Borrowings from related party

 

595,670

 

227,903Proceeds from exercise of warrants

 

-

 

2,583,000Net Cash Provided by Financing Activity 

595,670

 

2,663,384 

 

 

 

 Effect of Exchange Rate Changes on Cash 

151,670

 

126,843Net Increase in Cash 

358,768

 

57,333Cash and Cash Equivalents at Beginning of Year

 

3,692,086

 

3,634
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SOURCE China Pharma Holdings, Inc.
Copyright©2010 PR Newswire.
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