Bohai Pharmaceutical (fka BOPH)

[2morrowsGains]

Q2 adj net EPS (Non-GAAP) = $0.24. 6 month EPS (non-GAAP) = $0.48, which is more than the current share price!!! Cash is @ $20M!!

"We had Non-GAAP net income of $10,739,430 for the six months ended December 31, 2011, as compared to Non-GAAP net income of $7,671,323 for the six months ended December 31, 2010, an increase in Non-GAAP net income of $3,068,107, or 40.0%. This translates into basic Non-GAAP net income per common share of $0.60 and $0.46, and Non-GAAP diluted net income per common share of $0.48 and $0.37, for the six months ended December 31, 2011 and 2010, respectively".

"We had Non-GAAP net income of $5,844,022 for the three months ended December 31, 2011, as compared to Non-GAAP net income of $4,458,871 for the three months ended December 31, 2010, an increase in Non-GAAP net income of $1,385,151, or 31.1%. This translates into basic Non-GAAP net income per common share of $0.33 and $0.27, and Non-GAAP diluted net income per common share of $0.24 and $0.22, for the three months ended December 31, 2011 and 2010, respectively (See Use of Non-GAAP Financial Measures above).

Total other income included a non-cash charge in effective interest expenses of $6,687,314 for the three months ended December 31, 2011 compared to $785,671 for the same period in 2010.

Total other income for the three months ended December 31, 2011 also comprised of a non-cash credit for fair value of warrants of $191,747.

http://sec.gov/Archives/edgar/data/1443242/000114420412009041/v302108_10q.htm