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American Oriental Bioengineering Reports Second Quarter 2008 Financial Results




Cash and cash equivalents $ 144,473,275 $ 166,410,075

Accounts receivable, net of

reserve of $176,962 and $302,270

at June 30, 2008 and December 31,

2007, respectively 17,332,076 16,494,619

Inventories, net 18,968,955 12,264,536

Advances to suppliers 2,984,896 4,309,352

Notes receivable 691,872 2,259,616

Refundable deposit 6,368,222 --

Other current assets 534,169 5,134,118

Total Current Assets 191,353,465 206,872,316


Plant and equipment, net 50,561,819 48,496,760

Land use rights, net 48,732,647 46,310,240

Deposit for long-term assets 34,852,986 --

Construction-in-progress 776,947 755,614

Deferred tax assets 1,866,111 1,498,481

Other intangible assets, net 26,232,600 26,972,166

Goodwill 22,566,768 22,566,768

Investment and advances in

unconsolidated entities 19,318,730 242,551

Other long-term assets 290,000 --

Total Long-Term Assets 205,198,608 146,842,580

TOTAL ASSETS $ 396,552,073 $ 353,714,896



2008 2007


SOURCE American Oriental Bioengineering, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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