China Vitup Health Care (PINK:CVPH)

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Tuesday, August 16, 2011

Comments & Business Outlook

China Vitup Health Care Holdings, Inc.

Consolidated Statements of Income

For the three months and six months ended June 30, 2011 and 2010

(Stated in US Dollars)


	Note	Three months ended June 30		Six months ended June 30
		2011	2010		2011	2010

Revenue	2L	$ 1,331,958	$ 847,452		$ 2,188,013	$ 1,374,110
Cost of revenue	2M	951,049	360,253		1,585,727	700,161
Gross profit		380,909	487,199		602,286	673,949

Selling expenses		74,870	19,194		98,741	33,598
General and administrative expenses		233,696	188,745		374,650	397,482
Total operating expenses		308,566	207,939		473,391	431,080

Operating income		72,343	279,260		128,895	242,869

Other income		76,101	-		74,358	-
Other expense		(87)	(29,341)		(15,284)	(28,547)
Interest income		-	436		465	1,322
Total other income/(expense)		76,014	(28,905)		59,539	(27,225)

Pre-tax income		148,357	250,355		188,434	215,644

Provisions for income tax	2N,7	61,717	18,200		92,828	29,287

Net income		$ 86,640	$ 232,155		$ 95,606	$ 186,357

Earnings per share	2P,12
Basic		$ 0.01	$ 0.02		$ 0.01	$ 0.01
Diluted		$ 0.01	$ 0.02		$ 0.01	$ 0.01

Weighted average shares outstanding
Basic		15,000,000	15,000,000		15,000,000	15,000,000
Diluted		15,000,000	15,000,000		15,000,000	15,000,000

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Comments & Business Outlook

Within the next three years, it is our objective is to establish an additional three affiliated medical clinics throughout China through which we are able to provide high quality medical care to Chinese citizens. We will model our clinics after the clinic that we currently operate in Dalian. We anticipate establishing medical clinics in the following cities, in the following order: 1) Beijing; and 2) Shenyang. At proper time, we are going to copy our business model quickly and open more new clinics in economic developed cities all around China.

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