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American Oriental Bioengineering Reports Second Quarter 2009 Financial Results

December 31, 2008, may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.



                                                 JUNE 30,         DECEMBER 31,
                                                   2009              2008
    Cash and cash equivalents                  $100,730,402       $70,636,510
    Accounts receivable, net of reserve of
     $505,433 and $226,330 at June 30, 2009
     and December 31, 2008, respectively         31,396,881        36,982,167
    Inventories, net                             16,829,834        13,042,123
    Advances to suppliers                         3,135,694         3,593,979
    Notes receivable                                 81,075           708,076
    Refundable deposit                                   --         6,396,996
    Deferred tax assets                             421,660           347,216
    Other current assets                            937,087           744,903
    Total Current Assets                        153,532,633       132,451,970

    Property, plant and equipment, net           96,151,689        98,154,443
    Land use rights, net                        148,301,203       148,988,870
    Deposit for long-term assets                  6,717,514         6,347,174
    Construction in progress                     25,871,656        25,385,835
    Deferred tax assets                           1,327,627         1,313,832
    Other intangible assets, net              
SOURCE American Oriental Bioengineering, Inc.
Copyright©2009 PR Newswire.
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