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TPI Reports Fiscal Year 2013 Financial Results
Date:9/27/2013

other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.

For more information, please contact:

Investors Contact: ir@tpi.asia
Web: http://www.tianyinpharma.com
Tel: +86-28-8551-6696 (Chengdu, China)
+86 134-36-550011 (China)

Address:

23rd Floor Unionsun Yangkuo Plaza
No. 2, Block 3, South Renmin Road
Chengdu, 610041
ChinaTIANYIN PHARMACEUTICAL CO., INC.Consolidated Statements of OperationsFor the Years Ended June 30,20132012Sales$67,500,476$69,605,758Cost of sales41,496,81245,274,326Gross profit26,003,66424,331,432Operating expensesSelling expenses11,442,66410,672,817General and administrative expenses4,351,5924,255,528Research and development894,995860,081Total operating expenses16,689,25115,788,426Income from operations9,314,4138,543,006Other income (expenses):Interest income162,563209,037Interest expense(437,897)(331,334)Other income-189,268Total other income (expenses)(275,334)66,971Income before provision for income taxes9,039,0798,609,977Provision for income taxes2,423,9062,368,059Net income6,615,1736,241,918Less: Net loss attributable to noncontrolling interest(56,978)(116,772)Net income attributable to Tianyin Pharmaceutical Co., Inc.6,672,1516,358,690Basic earnings per share$0.23$0.22Diluted earnings per share$0.23$0.22Weighted average number of common shares outstanding:Basic29,341,69529,308,442Diluted29,341,69529,308,442 TIANYIN PHARMACEUTICAL CO., INC.Consolidated Statements of Comprehensive IncomeFor the Years Ended June 30,20132012Net income$6,615,173$6,241,918Other comprehensive incomeForeign currency translation adjustment2,083,0612,065,066Total other comprehensive income2,083,0612,065,066Total Comprehensive income8,698,2348,306,984Less: Comprehensive income attributable to the noncontrolling interest(51,749)(74,933)Comprehensive income attributable toTianyin Pharmaceutical Co., In
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