Major Customers
Shanxi Xintai accounted for 15% of 2008 sales revenue. (~$13.500,000)
Harbin Shiji Baolong accounted for 12% of 2008 sales revenue. (~$10,800,000)
Major Suppliers
Heilongjiang Kangda Medicine Co. accounted for 33% of the 2008 inventory purchases. (~$7,500,000)
Harbin Yongheng Printing Ltd. represented 23% of 2007 purchases. (~$1,750,000)
Time to take a closer look.
10Ks report ~$49,000,000 in 2007 revenue and ~$91,000,000 in 2008 but credit reports and Chinese statutory financial filings for CSKI, their customers, suppliers and subsidiaries reflect a much smaller business.
China Sky One Medical (CSKI) Why don't the numbers agree?
- Shaanxi Xintai 2008 total sales volume under $5,000,000
- Harbin Shiji Baolong less than $2,000,000 in 2007
- Heilongjiang Kangda has 1/3 the annual volume claimed
- Harbin Yongheng Printing had less than $1,000,000 in sales in 2007
What CSKI tells the American Investor
But Outside Reports Say.......
