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China Medicine Announces Strong Third Quarter 2009 Results
Date:11/16/2009

ME (CHINA MEDICINE CORPORATION AND NONCONTROLLING INTERESTS) 3,131,610 1,925,363 3,569,231 5,522,090 Add: Net loss attributable to noncontrolling interests 88,496 39,777 242,953 85,086 NET INCOME ATTRIBUTABLE TO CHINA MEDICINE CORPORATION 3,220,106 1,965,140 3,812,184 5,607,176 OTHER COMPREHENSIVE INCOME (LOSS): Foreign currency translation adjustment 62,711 97,869 3,726 2,169,693 Foreign currency translation adjustment attributable to noncontrolling interests 882 2,164 (183) 58,207 COMPREHENSIVE INCOME $3,283,699 $2,065,173 $3,815,727 $7,835,076 EARNINGS PER SHARE: Basic $0.21 $0.13 $0.25 $0.37 Diluted $0.21 $0.13 $0.25 $0.36 WEIGHTED AVERAGE SHARES OUTSTANDING: Basic 15,265,904 15,226,742 15,241,333 15,153,824 Diluted 15,411,154 15,547,840 15,305,452 15,567,627 CHINA MEDICINE CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS September 30, December 31, 2009 2008 (Unaudited) CURRENT ASSETS Cash $2,242,581 $2,791,814 Notes receivables 146,700 600,911 Accounts receivable, trade, net of allowance for doubtful accounts of $96,609 and $96,609 as of September 30, 2009 and December 31, 2008, respectively 14,943,092 19,225,
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SOURCE China Medicine Corporation
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