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China Ruitai International Holdings Co., Ltd. Reports Results for the First Quarter 2010
Date:5/19/2010

e (1,613,150) 9,055,602 Advance from customers 491,841 170 Income tax payable 281,188 215,819 Other payables 1,191,228 6,572 Net cash provided by operating activities 730,568 2,667,466 Cash flows from investing activities: Purchase of property and equipment (609,265) (287,450) Due from a related party -- (5,084,785) Net cash used in investing activities (609,265) (5,372,235) Cash flows from financing activities: Proceeds from bank loans 6,003,851 -- Repayment of bank loans (7,910,301) (730,293) Due to a related party (347,609) -- Loan from employees (118,513) 238,785 Net cash used in financing activities (2,372,572) (491,508) Effect of foreign exchange rate changes 29,931 6,142 Net decrease in cash and cash equivalent (2,251,269) (3,196,277) Cash and cash equivalent- beginning of period 10,174,528 5,319,456 Cash and cash equivalent-end of period $7,953,190 $2,129,321 Supplementary cash flow information: Cash paid for interest expense $578,487 $637,819 Cash paid for income tax $365,239 $220,524


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SOURCE China Ruitai International Holdings Co., Ltd.
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