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China Ruitai International Holdings Co., Ltd. Reports Results for the First Quarter 2010
Date:5/19/2010

perty and equipment, net 13,503,313 13,204,825 Commercial leasing assets, net 36,607,620 36,710,934 Land use rights, net 4,976,737 4,988,817 Long term investment -- 888,960 $120,363,054 $120,183,732 LIABILITIES AND EQUITY Current liabilities: Short-term bank loans $25,370,298 $27,195,342 Accounts payable 6,964,910 6,175,266 Notes payable 48,557,700 50,020,476 Advance from customers 619,812 127,419 Due to related party- current portion 1,748,793 2,979,171 Income tax payable 5,574,445 5,277,239 Other payables 4,101,386 2,900,942 Loan from employees 1,362,186 1,476,292 Total current liabilities 94,299,530 96,152,147 Due to related party- long-term portion 1,992,107 1,986,114 Total Liabilities 96,291,637 98,138,261 Equity: Common stock ($.001 par value; 50,000,000 shares authorized, 26,000,000 shares issued and outstanding as of March 31, 2010 and December 31, 2009) 26,000 26,000 Additional paid-in capital 2,908,171 2,908,171 Statutory reserve 1,369,652 1,369,652 Retained earnings 18,118,760 16,179,230 Accumulated other comprehensive income 1,414,398 1,347,371 Total Equity of the Company's Shareholders 23,836,981 21,8
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SOURCE China Ruitai International Holdings Co., Ltd.
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