eFuture Holding (EFUT) 6-K/A Revenue Growth of 21.5% Year over Year to $2.5m

EXHIBIT 99.2

E-FUTURE INFORMATION TECHNOLOGY INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEET									USD	ØRMB	7.6120
	Chinese Yuan (Renminbi)					U.S. Dollars
	December 31,			June 30,		June 30,
	2006			2007		2007
ASSETS	(Unaudited)			(Unaudited)		(Unaudited)
Current assets
Cash and cash equivalents	61,464,737		¥	112,482,321		$	14,776,973
Trade receivables, less allowance for doubtful accounts of ¥ 2,109,910 and ¥ 2,033,621.74, respectively	4,452,959			4,838,941			635,699
Refundable value added tax	2,470,941			2,462,430			323,493
Deposits	44,943			885,354			116,310
Advances to employees	1,198,601			2,257,088			296,517
Advances to suppliers	443,030			486,230			63,877
Other receivables	171,120			171,120			22,480
Prepaid expenses	534,755			336,689			44,231
Inventory	4,121,136			8,710,543			1,144,317
Total current assets	74,902,222			132,630,716		$	17,423,897
Non-current assets
Long-term investments	—			4,266,441			560,489
Loan Costs (Asset)	—			10,873,016			1,428,405
Property and equipment, net of accumulated depreciation of ¥ 4,690,856 and ¥ 4,916,022, respectively	1,014,581			1,076,561			141,429
Intangible assets, net of accumulated amortization of ¥ 8,678,751 and ¥ 10,412,324, respectively	7,108,244			11,335,632			1,489,179
Total non-current assets	8,122,825			27,551,650		$	3,619,502
Total assets	83,025,047		¥	160,182,366		$	21,043,399
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Trade accounts payable	1,230,782			1,015,761			133,442
Accrued expenses	3,941,618			4,140,849			543,990
Taxes payable	5,182,615			4,782,909			628,338
Advances from customers	8,121,043			7,837,929			1,029,681
Total current liabilities	18,476,058		¥	17,777,448		$	2,335,451
Long-term liability
Convertible notes	—			43,581,295			5,725,341
Total long-term liabilities	—		¥	43,581,295		$	5,725,341
Shareholders’ equity (deficit)
Ordinary shares, ¥ 0.6257 ($0.0756) par value; 6,613,756 shares authorized; 921,875 and 1,500,000 shares outstanding, respectively	1,647,781			1,647,781			216,471
Additional paid-in capital	77,726,236			115,333,624			15,151,553
Statutory reserves	3,084,020			3,084,020			405,152
Accumulated other comprehensive loss—foreign currency translation	(491,079	)		(1,530,279	)		(201,035	)
Accumulated deficit	(17,417,969	)		(19,711,522	)		(2,589,533	)
Total shareholders’ equity (deficit)	64,548,989		¥	98,823,624		$	12,982,608
Total liabilities and shareholders’ equity (deficit)	83,025,047		¥	160,182,366		$	21,043,399

E-FUTURE INFORMATION TECHNOLOGY INC. AND SUBSIDIARY CONDENSED CONSOLIDATED INCOME STATEMENTS										USDØ RMB	7.6120
		Chinese Yuan (Renminbi)					U.S. Dollars
		June 30, 2006			June 30, 2007		June 30, 2007
Revenues		(Unaudited)			(Unaudited)		(Unaudited)
Software sales	¥	8,770,471		¥	13,301,876		$	1,747,488
Hardware sales		4,232,596			2,465,727			323,926
Service fee income		2,738,807			3,351,055			440,233
Total Revenues		15,741,874			19,118,658			2,511,647
Cost of revenues
Cost of software		2,451,803			4,605,654			605,052
Cost of hardware		3,728,309			1,757,887			230,936
Cost of service fee income		721,871			1,029,419			135,236
Amortization of software costs		1,375,807			1,733,573			227,742
Total Cost of Revenue		8,277,790			9,126,533			1,198,966
Gross Profit		7,464,084			9,992,125			1,312,681
Expenses
Research and development		46,070			180,324			23,689
General and administrative		3,181,068			5,597,698			735,378
Selling and distribution expenses		4,635,778			4,569,367			600,285
Total Expenses		7,862,916			10,347,389			1,359,352
Loss from operations		(398,832	)		(355,264	)		(46,672	)
Interest income		20,642			1,677,200			220,336
Interest expense		(22,216	)		(714,158	)		(93,820	)
Accretion of discount on notes payable		—			(1,974,807	)		(259,433	)
Amortization of loan costs		—			(703,033	)		(92,359	)
Loss on investments		—			(223,491	)		(29,360	)
Net loss	¥	(400,406	)	¥	(2,293,553	)		(301,307	)
Earnings per ordinary share
Basic	¥	(0.27	)	¥	(0.87	)	$	(0.11	)
Diluted	¥	(0.27	)	¥	(0.87	)	$	(0.11	)

E-FUTURE INFORMATION TECHNOLOGY INC. AND CONDENSED CONSOLIDATED STATEMENTS OF CASH										USD	ØRMB	7.6120
		Chinese Yuan (Renminbi)					U.S. Dollars
		June 30,			June 30,		June 30,
		2006			2007		2007
Cash flows from operating activities:		(Unaudited)			(Unaudited)		(Unaudited)
Net income (loss)	¥	(400,406	)	¥	(2,293,553	)	$	(301,307	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		215,485			225,166			29,580
Amortization of intangible assets		1,110,888			1,733,573			227,742
Interest on notes payable contributed by shareholders		—			691,739			90,875
Change in assets and liabilities:
Accounts receivable		(1,494	)		(385,982	)		(50,707	)
Refundable value added tax		352,656			8,511			1,118
Deposits		(10,719	)		(840,411	)		(110,406	)
Advances to employees		412,264			(1,058,487	)		(139,055	)
Advances to suppliers		(145,700	)		(43,200	)		(5,675	)
Other receivables		(9,697	)		—			—
Prepaid expenses		160,265			198,066			26,020
Inventories		(4,274,123	)		(4,589,407	)		(602,917	)
Trade payables		(1,338,844	)		(215,021	)		(28,248	)
Accrued expenses		(2,771,745	)		199,231			26,173
Taxes payable		61,826			(399,706	)		(52,510	)
Advances from customers		4,869,415			(283,114	)		(37,193	)
Net cash provided by operating activities		(1,769,929	)		(7,052,595	)		(926,510	)
Cash flows from investing activities:
Purchases of property and equipment		(240,430	)		(287,146	)		(37,723	)
Payments for software		(1,215,532	)		(2,676,566	)		(351,625	)
Long-term investments		—			(4,266,441	)		(560,489	)
Loan to Guarantor		800,000			—			—
Net cash used in investing activities		(655,962	)		(7,230,153	)		(949,837	)
Cash flows from financing activities:
Issuance of ordinary shares for cash, net of offering costs paid		(250,024	)		—			-
Issue convertible notes		—			68,463,345			8,994,134
Repayment of short term loan		(2,800,000	)		—			-
Net cash provided by (used in) financing activities		(3,050,024	)		68,463,345			8,994,134
Effect of exchange rate changes on cash		—			(3,163,012	)		(415,530	)
Net increase in cash		(5,475,915	)		51,017,586			6,702,258
Cash and cash equivalents at beginning of period		8,834,817			61,464,737			8,074,716
Cash and cash equivalents at end of period	¥	3,358,902		¥	112,482,322		$	14,776,973
Supplemental cash flow information
Interest paid	¥	66,662		¥	714,158		$	93,820