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China Medicine Announces First Quarter 2009 Results
Date:5/13/2009

15,226,742 15,029,865 Diluted 15,226,742 15,339,834 CHINA MEDICINE CORPORATION AND SUBSIDIARIES RECONCILIATION OF NON-GAAP NET INCOME AVAILABLE TO COMMON SHAREHOLDERS AND DILUTED EPS For the Three Months ended March 31, 2009 2008 Diluted Diluted Net Income EPS Net Income EPS Adjusted Amount of Net Income available to Common Shareholders $1,308,771 $0.09 $1,175,813 $0.08 Adjustment Change in fair value of warrants (1) 758,689 0.05 -- -- Amount per consolidated statement of operations $550,082 $0.04 $1,175,813 $0.08 (1) Change in fair value of warrants Weighted average diluted shares, 15,226,742 for three months ended March 31, 2009 and 15,339,834 for three months ended March 31, 2008 CHINA MEDICINE CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2009 AND DECEMBER 31, 2008 ASSETS March 31, December 31, 2009 2008 Unaudited CURRENT ASSETS Cash $1,770,955 $2,791,814 Notes receivables 996,200 600,911 Accounts receivable, trade, net of allowance for doubtful accounts of $96,447 and $96,609 as of March 31, 2009 and December 31, 2008,
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SOURCE China Medicine Corporation
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