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American Oriental Bioengineering Reports First Quarter 2008 Financial Results
Date:5/7/2008

20,020,657 12,264,536

Advances to suppliers 4,900,335 4,309,352

Notes receivable 1,020,944 2,259,616

Refundable deposit 16,447,719 -

Other current assets 4,960,413 5,134,118

Total Current Assets 220,728,906 206,872,316

LONG-TERM ASSETS

Plant and equipment, net 49,889,005 48,496,760

Land use rights, net 47,962,086 46,310,240

Construction in progress 734,694 755,614

Deferred tax assets 1,735,743 1,498,481

Other intangible assets, net 26,833,875 26,972,166

Goodwill 22,566,767 22,566,768

Long-term investment and advance 249,481 242,551

Total Long-Term Assets 149,971,651 146,842,580

TOTAL ASSETS $370,700,557 $353,714,896

AMERICAN ORIENTAL BIOENGINEERING, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

LIABILITIES AND SHAREHOLDERS' EQUITY

MARCH 31, DECEMBER 31,

2008 2007

UNAUDITED

CURRENT LIABILITIES

Accounts payable $4,041,111 $3,436,352

Other payables and accrued expenses 5,367,646 7,786,157

Taxes payable 2,203,855 2,843,719

Short-term bank loans 6,550,654 6,289,222

Current portion of long-term bank loans 2,89
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SOURCE American Oriental Bioengineering Inc.
Copyright©2008 PR Newswire.
All rights reserved

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