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Tongjitang Chinese Medicines Company Reports First Quarter 2010 Financial Results
Date:6/18/2010

(In thousands, except share and per share data) First Quarter Ended March 31 2009 2010 2010 RMB RMB US$ (Note) Net revenues 90,179 113,283 16,596 Cost of revenues 37,665 50,941 7,463 Gross profit 52,514 62,342 9,133 Advertising expenses (12,883) (3,481) (510) Other selling and marketing expenses (30,566) (49,122) (7,197) General and administrative expenses (17,010) (18,279) (2,678) Research and development expenses (2,813) (2,060) (302) Government grant (related to research and development) 10 -- -- Other operating income 496 916 134 Income (loss) from operations (10,252) (9,684) (1,420) Other income (expenses): Interest income 1,437 458 67 Interest expense (2,132) (2,490) (365) Government grants 1,365 1,192 175 Investment (loss) / gain (16) 51 7 Other income / (expenses), net 303 (337) (49) Loss before income taxes and non- controlling interests (9,295) (10,810) (1,585) Provision for income taxes (2,042) (2,739) (401) Net loss (11,337) (13,549) (1,986) Less: Net income (loss)
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SOURCE Tongjitang Chinese Medicines Company
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