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American Oriental Bioengineering Reports First Quarter 2009 Financial Results
Date:5/11/2009

LING INTEREST 7,866,501 9,422,129 OTHER COMPREHENSIVE INCOME Foreign currency translation gain, net of tax 378,466 6,934,434 OTHER COMPREHENSIVE INCOME, NET OF TAX 378,466 6,934,434 COMPREHENSIVE INCOME $8,244,967 $16,356,563 NET INCOME PER COMMON SHARE BASIC $0.11 $0.12 DILUTED $0.11 $0.12 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC 74,538,593 78,191,242.00 DILUTED 86,917,603 78,192,795.00 AMERICAN ORIENTAL BIOENGINEERING, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS ASSETS March 31, DECEMBER 31, 2009 2008 UNAUDITED CURRENT ASSETS Cash and cash equivalents $73,899,602 $70,636,510 Accounts receivable, net of reserve of $130,631 and $226,330 at March 31, 2009 and December 31, 2008, respectively 31,812,778 36,982,167 Inventories, net of provision for slow moving inventories 17,954,075 13,042,123 Advances to suppliers 2,241,176 3,593,979 Notes receivable 1,039,914 708,076 Refundable deposit 6,397,106 6,396,996 Tax refund claims 823,737 -- Deferred tax assets 456,444
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SOURCE American Oriental Bioengineering, Inc.
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