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Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results
Date:8/14/2009

OTHER COMPREHENSIVE INCOME Foreign currency translation adjustment 10,989 2,675,768 210,992 7,099,628 COMPREHENSIVE INCOME ATTRIBUTABLE TO THE COMPANY 10,187,287 7,317,369 18,980,115 15,350,131 COMPREHENSIVE INCOME ATTRIBUTABLE TO THE NON CONTROLLING INTEREST 140,300 1,174,080 559,895 2,337,664 COMPREHENSIVE INCOME $10,327,587 $8,491,449 $19,540,010 $17,687,795 EARNINGS PER SHARE, BASIC AND DILUTED $0.14 $0.07 $0.26 $0.12 WEIGHTED AVERAGE SHARES OUTSTANDING 71,333,586 71,333,586 71,333,586 71,333,586 TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2009 AND DECEMBER 31, 2008 June 30, December 31, 2009 2008 (Unaudited) A S S E T S CURRENT ASSETS: Cash $10,387,475 $20,992,573 Cash related to assets held for sale 23,953,055 23,861,938 Total cash 34,340,530 44,854,511 Accounts receivable, trade - related parties, net of allowance for doubtful accounts of $913,486 and $1,108,789 as of June 30, 2009 and December 31, 2008, respectively 29,702,386 23,941,431 Inventories 5,032,446 8,365,607 Other receivables 801,210 813,591 Other receivables - related parties 13,494,896 15,729,076 Employee advances 194,07
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SOURCE Tiens Biotech Group (USA), Inc.
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