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

penses and other current assets 4,734,503 6,631,492 Income taxes recoverable 99,126 94,698 Deferred tax assets 207,798 192,088 Total current assets 41,336,315 36,464,937 Property, plant and equipment, net 57,937,881 46,827,013 Held-for-sale asset 607,423 -- Investment in equity investees 1,518,849 1,425,550 Intangible assets, net 126,141 130,513 Prepaid expenses 233,202 246,578 Deferred tax assets 158,280 26,744 Total assets 101,918,091 85,121,335 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term bank loans 15,033,073 12,781,595 Accounts payable 8,271,926 7,305,581 Accrued payroll and employee benefits 1,891,410 1,299,342 Customer deposits 458,303 362,900 Other accrued liabilities 2,518,326 1,990,871 Amounts due to affiliated companies 136,481 41,809 Income taxes payable 656,550 303,592 Total current liabilities 28,966,069 24,085,690 Deferred tax liabilities 41,965 22,857 Total liabilities 29,008,034 24,108,547 Commitments and contingencies Minority interests 148,306 191,131 Stockholders' equity: Common stock, par value $0.001 per share; authorized 495,000,000 issued and outstanding September 30, 2008 - 44,727,171
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SOURCE Winner Medical Group Inc.
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