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Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results

572,767 538,130

Deferred income 5,210,120 4,895,049

Total non current liabilities 8,985,629 9,700,921

Total liabilities 42,012,449 42,445,681

MINORITY INTEREST 8,484,637 6,144,063


Common stock, $0.001 par value,

250,000,000 shares authorized,

71,333,586 issued and outstanding,

respectively 71,334 71,334

Paid-in-capital 8,842,009 8,842,009

Statutory reserves 9,420,783 9,420,783

Retained earnings 86,918,663 78,668,160

Accumulated other comprehensive income 23,059,672 15,960,044

Total shareholders' equity 128,312,461 112,962,330

Total liabilities and

shareholders' equity $ 178,809,547 $ 161,552,074


June 30, June 30,

2008 2007

As Adjusted

(Note 1)


Net Income $ 8,250,503 $ 11,512,659

Adjustments to reconcile net income

to cash provided by (used in)

operating activities:

Provision for doubtful accounts 37,715 547

Minority interest 1,887,079 3,122,579


SOURCE Tiens Biotech Group (USA), Inc.
Copyright©2008 PR Newswire.
All rights reserved

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