China Health Industries Holdings, Inc. (CHHE)

[10 bagger]

CHHE..$1.00

Long been a favorite and have been accumulating over the past 2 Qtrs.. Net income on a percentage basis continues to gro and I think it is but a short period of time before CHHE become more Rec.

The recent weekness in China markets gives opp.. to increase positions on.. hank

CHINA HEALTH INDUSTRIES HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)


For the Three Months Ended For the Nine Months Ended
March 31,
2010 March 31,
2009 March 31,
2010 March 31,
2009
REVENUE $ 9,889,459 $ 1,015,480 $ 29,511,002 $ 1,438,124
COST OF GOODS SOLD 4,540,126 686,362 13,061,854 1,056,174

Gross Profit 5,349,333 329,118 16,449,148 381,950

OPERATING EXPENSES
Selling, general & administrative expenses 946,960 39,665 3,462,505 89,109
Depreciation and amortization expenses 20,716 15,864 77,012 42,310
Research & development - - - -
Total operating expenses 967,676 55,529 3,539,517 131,419
Operating profit 4,381,657 273,589 12,909,631 250,531

OTHER INCOME (EXPENSES)
Interest expenses (3,845 ) (10,761 ) (24,680 ) (40,708 )
Interest income 226,482 100 226,487 326
Other income - - - 150
Other expense - (1 ) - (146 )
Total other income (expense) 222,637 (10,660 ) 201,807 (40,378 )

INCOME (LOSS) BEFORE INCOME TAXES 4,604,294 262,927 13,111,438 210,153
Income taxes 1,140,243 65,123 3,289,639 67,535
Net income (loss) $ 3,464,051 $ 197,804 $ 9,821,799 $ 142,618

OTHER COMPREHENSIVE INCOME
Foreign currency translation gain (loss) $ (1,870 ) $ (1,896 ) $ 183,227 $ 5,654
Comprehensive income $ 3,462,181 $ 195,908 $ 10,005,026 $ 148,272

Basic and diluted net loss per share 0.06 0.00 0.16 0.00
Weight average shares outstanding 62,239,737 62,234,737 62,239,737 61,541,951