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China-Biotics, Inc. Reports Record Quarterly and Annual Revenue Growth for Fiscal Year 2010
Date:6/13/2010

isolation or as a substitute for GAAP financials.

    For more information, please contact:

     Travis Cai
     Chief Financial Officer
     China-Biotics, Inc.
     Email: traviscai@chn-biotics.com

     Kevin Theiss
     Grayling
     Phone: +1-646-284-9409
     Email: kevin.theiss@grayling.com



                              - Tables Follow -

                     CHINA-BIOTICS, INC. AND SUBSIDIARIES
                         CONSOLIDATED BALANCE SHEETS
                      (Amounts expressed in US Dollars)

                                             March 31, 2010  March 31, 2009
    ASSETS
    Current assets
    Cash and cash equivalents                $ 155,579,371   $  70,824,041
    Accounts receivable                         21,008,664      14,428,382
    Other receivables                              791,907           6,493
    Inventories                                  1,100,707         563,853
    Amount due from a director                   2,367,892              --
    Prepayments                                  1,104,149       1,547,582
                                                181,952,69
    Total current assets                     $           0   $  87,370,351
    Land Use Right                               1,797,082       1,832,216
    Property, plant and equipment, net       $  48,886,077   $  31,247,623
    Deferred tax assets                      $     298,833   $     354,157

    Total assets                       
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SOURCE China-Biotics, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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