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

n detailed from time to time in the Company's filings and future filings with the 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.

Contact:
China Pharma Holdings, Inc.
Phone: +86-898-6681-1730 (China) 
Email: hps@chinapharmaholdings.com

 - FINANCIAL TABLES FOLLOW - CHINA PHARMA HOLDINGS, INC.CONSOLIDATED BALANCE SHEETS  

 December 31, December 31, 

 2011 2010ASSETS 

 

 

 Current Assets: 

 

 

 Cash and cash equivalents

 

$
4,050,854

 

$
3,692,086Banker's acceptances

 

83,512

 

-Trade accounts receivable, less allowance for doubtful

 

 

 

 accounts of $3,536,405 and $3,317,017, respectively

 

69,695,556

 

61,947,737Other receivables, less allowance for doubtful

 

 

 

 accounts of $38,921 and $15,669, respectively

 

55,039

 

65,019Advances to suppliers

 

5,778,841

 

5,311,896Inventory

 

30,378,658

 

20,388,935Deferred tax assets

 

566,226

 

528,684Total Current Assets 

110,608,686

 

91,934,357Advances for purchases of property and equipment 

170,323'/>"/>

SOURCE China Pharma Holdings, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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