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China Shenghuo Pharmaceutical Reports Financial Results for the Full Year 2011
Date:3/30/2012

urrent assets:   Cash and cash equivalents$

1,247,230$

1,669,387   Restricted cash794,115-   Accounts and notes receivable, net18,076,05011,531,027   Other receivables, net4,084,1024,111,315   Advances to suppliers, net542,153580,168   Inventories2,695,3882,599,351   Amounts due from related parties574,899190,614   Current deferred tax assets1,394,101833,568   Other current assets199,929208,111Total current assets29,607,96721,723,541   Property, plant and equipment, net 25,873,67021,069,139   Intangible assets, net 1,473,0741,432,736   Deposits for long-live assets1,078,846754,979   Non-current deferred tax assets275,677366,478Total assets$

58,309,234$

45,346,873CHINA SHENGHUO PHARMACEUTICAL HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS (CONT'D)(Amounts in USD, except shares)December 31,20112010Liabilities and Equity:Current liabilities:   Accounts payable$9,395,483

$

8,964,404   Other payables and accrued expenses11,819,1799,699,857   Sales representative deposits6,106,2874,936,429   Amounts due to related parties18,41479,864   Short-term borrowings15,858,8955,289,178   Advances from customers1,090,6681,158,649   Taxes and related payables2,255,322881,506   Current portion of long-term borrowings6,253,0756,039,833Total current liabilities52,797,32337,049,720Long-term borrowings-6,251,227Total liabilities52,797,32343,300,947Commitments and ContingenciesEquity:   Common stock, $0.0001 par value, 100,000,000 sharesauthorized and 19,679,400 shares issued and outstanding1,9681,968   Additional paid-in capital6,014,6886,193,927   Appropriated retained earnings147,023147,023   Accumulated deficit(5,790,759)(5,940,439)   Accumulated other comprehensive income1,743,3931,638,109Total stockholder's equity2,116,3132,040,588Non-controlling interest3,395,5
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SOURCE China Shenghuo Pharmaceutical
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