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China Pharma Holdings, Inc. Reports Third Quarter 2010 Financial Results
Date:11/11/2010

ment  Certain statements in this press release constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as the achievability of financial guidance, success of new product development, unanticipated changes in product demand, increased competition, downturns in the Chinese economy, uncompetitive levels of research and development, and other information 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.

- FINANCIAL TABLES FOLLOW -CHINA PHARMA HOLDINGS, INC.CONDENSED CONSOLIDATED BALANCE SHEETSSeptember 30,December 31,20102009ASSETSCurrent Assets:Cash and cash equivalents$
4,561,432$
3,634,753Trade accounts receivable, less allowance for doubtfulaccounts of $2,976,077 and $2,718,358, respectively56,792,74251,238,339Other receivables, less allowance for doubtfulaccounts of $21,880 and $3,556, respectively132,28078,525Advances to suppliers3,358,1131,798,446Inventory19,861,05714,233,073Deferred tax assets523,840319,820Total Current Assets85,229,46471,302,956Advances for purchases of property and equipment and intangible assets3,574,4963,599,949Property and equipment, net of accumulated depreciation of$2,661,208 and $2,020,462, respectively6,394,5386,705,873Intangible assets, net of accumulated amortization of$2,082,188
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SOURCE China Pharma Holdings, Inc.
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