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American Oriental Bioengineering Reports First Quarter 2010 Financial Results
Date:5/10/2010

nd outstanding at March 31, 2010 and December 31, 2009 78,321 78,321 Common stock to be issued 485,000 388,000 Prepaid forward repurchase contract (29,998,616) (29,998,616) Additional paid-in capital 200,408,156 199,829,921 Retained earnings (the restricted portion of retained earnings is $23,757,901 at both March 31 and December 31, 2009) 194,296,931 191,173,754 Accumulated other comprehensive income 33,143,073 33,050,224 Total Shareholders' Equity 398,413,865 394,522,604 Non-controlling Interest 527,736 533,136 TOTAL EQUITY 398,941,601 395,055,740 TOTAL LIABILITIES AND EQUITY $576,712,156 $576,481,765 AMERICAN ORIENTAL BIOENGINEERING, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) THREE MONTHS ENDED MARCH 31, 2010 2009 Revenues $53,749,768 $46,077,190 Cost of sales 25,513,047 17,660,338 GROSS PROFIT 28,236,721 28,416,852 Selling and marketing expenses 5,976,226 5,211,502 Advertising costs 6,748,470 5,567,357 Research and development costs 2,778,809 749,798 General and administrative expenses 4,766,486 4,390,701 Depreciation and amortization expenses 1,596,958 1
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SOURCE American Oriental Bioengineering, Inc.
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