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Winner Medical Reports Fourth Quarter and Full Year Fiscal 2008 Results
Date:12/9/2008

SHENZHEN, China, Dec. 9 /PRNewswire-Asia/ -- Winner Medical Group Inc. (OTC Bulletin Board: WMDG; "Winner Medical"), today reported consolidated financial results for the fourth quarter and full fiscal year ended September 30, 2008. The Company's results are detailed in its form 10-K, filed today with the United States Securities and Exchange Commission.

    Fourth Quarter 2008 Highlights
    -- Total net sales revenue increased by 17.24% over the fourth quarter of
       fiscal 2007 to $25.22 million
    -- Gross profit increased by 17.09% over the fourth quarter of fiscal 2007
       to $6.69 million
    -- Operating income increased by 35.44% over the fourth quarter of fiscal
       2007 to $2.14 million
    -- Net income increased by 7.39% over the fourth quarter of fiscal 2007 to
       $1.60 million
    -- Net income per share for the fourth quarter of 2008 was $0.03 per basic
       and diluted share, compared to $0.04 per basic and diluted share for
       the fourth quarter of fiscal 2007

    Full Fiscal Year 2008 Highlights
    -- Total net sales revenue increased by 21.66% over the fiscal year 2007
       to $85.51 million
    -- Gross profit increased by 23.02% year-over-year to $21.42 million
    -- Operating income increased by 3.45% over the fiscal year of 2007 to
       $6.02 million
    -- Net income decreased by 9.93% over the fiscal year 2007 to $5.07
       million
    -- Net income per share for the fiscal year 2008 was $0.11 per basic and
       diluted share, compared to $0.13 per basic and diluted share for the
       fiscal year 2007

Jianquan Li, Chairman and Chief Executive Officer of Winner Medical, commented, "2008 was a challenging year for Winner Medical. The appreciation of the RMB and increasing operating costs challenged our profitability and the global economic crisis had a severe impact on the world economy in the fourth fiscal quarter. Despite these negative factors,
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SOURCE Winner Medical Group Inc.
Copyright©2008 PR Newswire.
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