China Grentech Corporation Limited Balance Sheet

Balance Sheet FYE: 31-Dec

Assets	12/31/2007	12/31/2006	12/31/2005
Cash & Short Term Investments	79.04	90.47	25.38
Receivables - Total	128.16	96.79	67.63
Inventories - Total	74.31	55.66	45.87
Total Current Assets	288.94	249.67	145.24
Net Property, Plant & Equipment	49.31	21.60	14.91
Total Assets	410.89	309.56	182.83
Liabilities
Accounts Payable	81.89	67.96	71.61
Debt in Current Liabilities	62.52	43.06	19.90
Total Current Liabilities	171.24	111.02	91.52
Long-Term Debt	20.56	NA	20.70
Total Liabilities	193.40	113.45	114.41
Stockholder's Equity
Minority Interest	0.79	2.43	2.19
Preferred Stock	NA	NA	NA
Common Stock	0.01	0.01	0.01
Retained Earnings	84.08	69.76	28.63
Treasury Stock	-3.63	NA	NA
Total Stockholders' Equity	217.49	196.11	62.79
Total Liabilities and Stockholders' Equity	410.89	309.56	177.20