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Weikang Bio-Technology Reports Second Quarter 2010 Financial Results
Date:8/16/2010

OF INCOME (Unaudited) SIX MONTHS ENDED JUNE 30, THREE MONTHS ENDED JUNE 30, 2010 2009 2010 2009 Net sales $24,452,199 $23,306,974 $10,493,659 $13,195,767 Cost of goods sold 10,014,363 10,564,767 4,374,061 6,103,182 Gross profit 14,437,836 12,742,207 6,119,598 7,092,585 Operating expenses Selling expenses 1,794,301 918,214 1,103,042 485,371 General and administrative 2,617,383 747,756 1,427,532 541,287 Research and development 802,907 1,937,928 732,579 1,937,928 Total operating expenses 5,214,591 3,603,898 3,263,153 2,964,586 Income from operations 9,223,245 9,138,309 2,856,445 4,127,999 Non-operating income (expenses) Interest income 36,190 1,616 19,946 1,371 Other income 194 521,913 1 265,635 Other (expenses) (1,907) (35,433) (1,224) (22,464) Total non-operating income, net 34,477 488,096 18,723 244,542 Income before income tax 9,257,722 9,626,405 2,875,168 4,372,541 Income tax 2,798,867 2,438,475 957,758 1,038,216 Net income 6,458,855 7,187,930 1,917,410 3,334,325 Basic and diluted weighted average shares outstanding 27,692,734 25,268,474 28,021,751 25,306,723 Basic and diluted net earnings per share $0.23 $0.28 $0.07 $0.13 WEIKANG BIO-TECHNOLOGY GROUP CO, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF NON-GAAP INCOME (Unaudited) SIX MONTHS ENDED JUNE 30, THREE MONTHS ENDED JUNE 30, 2010 2009 2010 2009 Net sales $24,452,199 $23,306,974 $10,493,659 $13,195,767 Cost of goods sold 10,014,363 10,564,767 4,374,061 6,103,182 Gross profit 14,437,836 12,742,207 6,119,598 7,092,585 Operating expenses Selling expenses 1,794,301 918,214 1,103,042 485,371 General and administrative 739,688 747,756 527,047 541,287 Research and development 802,907 1,937,928 732,579 1,937,928 Total operating expenses 3,336,896 3,603,898 2,362,668 2,964,586 Income from operations 11,100,939 9,138,309 3,756,930 4,127,999 Non-operating income (expenses) Interest income 36,190 1,616 19,946 1,371 Other income 194 521,913 1 265,635 Other (expenses) (1,907) (35,433) (1,224) (22,464) Total non- opera
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SOURCE Weikang Bio-Technology Group Co., Inc.
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