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Tianyin Pharmaceutical Co., Inc. Announces First Quarter 2009 Financial Results
Date:11/11/2008

358,629 341,214

Payroll taxes payable 17,354 39,939

Dividend payable -- 378,545

Other current liabilities 113,866 142,733

Total current liabilities: 3,429,685 3,910,548

Total liabilities: 3,429,685 3,910,548

Stockholders' equity:

Common stock, $0.001 par value,

50,000,000 shares authorized,

15,465,563 and 14,738,450

shares issued and outstanding at

September 30, 2008 and June 30, 2008 15,466 14,739

Common stock dividend distributable 226 --

Series A convertible preferred

stock, $0.001 par value,8,893,750

9,384,375 shares issued and

outstanding at September 30, 2008

and June 30, 2008 8,894 9,384

Additional paid-in capital 18,741,688 18,002,439

Statutory reserve 1,584,154 1,380,806

Retained earnings 12,189,443 10,963,131

Accumulated other comprehensive income 2,567,308 2,477,874

Total stockholders' equity: 35,107,179 32,848,373

Total liabilities and

stockholders' equity: $38,536,864 $36,758,921

Consolidated Statements of Operations and Comprehensive Income

(Unaudited)

For the Three Months Ended

September 30,

2008 2007

Sales: $9,561,940 $7,169,493

Cost of goods
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SOURCE Tianyin Pharmaceutical Co., Inc.
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