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

utory reserves 3,025,794 3,025,794 Total stockholders' equity $ 156,178,929 $ 65,396,354 Total liabilities and stockholders' equity $ 232,934,682 $ 120,804,347 CHINA-BIOTICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts expressed in US Dollars) Years ended March 31, 2010 2009 Net sales $ 81,363,973 $ 54,197,082 Cost of sales (24,070,203) (16,197,267) Gross profit $ 57,293,770 $ 37,999,815 Operating expenses: Selling expenses $ (13,535,225) $ (11,563,012) General and administrative expenses (4,872,678) (3,016,694) Research and development cost (3,665,380) (3,229,788) Other income (expenses) 60,178 1,592,773 Total operating expenses $ (22,013,105) $ (16,216,721) $ 35,280,665 $ 21,783,094 Other income and expenses: Changes in the fair value of embedded derivatives $ (12,137,000) $ 3,092,000 Interest income 292,644 254,183 Total other (expenses) income $ (11,844,356) $ 3,346,183 Income before taxes $ 23,436,309 $ 25,129,277 Provision for income taxes (7,788,348) (5,162,388) Net income $ 15,647,961 $ 19,966,889 Earnings per share: Basic and diluted $ 0.80 $ 1.17 Weighted average shares outstanding Basic and diluted 19
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