China Growth Stocks

[morokoy]

CBPO
Third Quarter Financial Performance Highlights

We continued to experience strong demand for our products and services during the third quarter of 2009, which resulted in growth in our revenue and net income. The following are some financial highlights for the three months ended September 30, 2009:

� Revenue: Revenue increased $13,239,824, or 95.9%, to $27,039,739 for the three months ended September 30, 2009, from $13,799,915 for the same period in 2008.

� Income from operations: Income from operations increased $6,981,412, or 99.1%, to $14,027,734 for the three months ended September 30, 2009, from $7,046,322 for the same period in 2008.

� Net income: Net income decreased $10,672,115, or 238.3%, to a net loss of $6,193,569 for the three months ended September 30, 2009, from a net income of $4,478,546 for the same period in 2008, as a result of the $13.2 million non-cash charge of fair value of derivative liability.

� Fully diluted net income per share: Fully diluted net loss per share was $0.29 for the three months ended September 30, 2009, as compared to the net income of $0.21 for the same period in 2008.