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

50,000 52,500 7,691 Notes receivable 70,248 60,728 8,897 Accounts receivable, net of allowance for doubtful accounts 232,038 240,253 35,198 Inventories 139,100 167,348 24,517 Trading securities 1,447 1,512 222 Prepaid advertising expenses 1,204 1,147 168 Receivable on sales of property, plant and equipment 9,320 9,320 1,365 Other prepaid expenses and current assets, net of allowance for doubtful accounts 16,139 26,816 3,928 Deferred tax assets 7,565 6,508 953 Total current assets 764,639 774,277 113,433 Investment property (Note 2) -- 78,486 11,498 Property, plant and equipment, net (Note 2) 172,097 173,898 25,477 Land use rights, net 42,515 43,181 6,326 Deposit for acquisition of a subsidiary 120,599 -- -- Deposits for acquisition of property, plant and equipment, and intangible assets 162,440 172,331 25,247 Deferred tax assets 2,809 2,652 389 Long-term other assets 1,000 1,752 257 Acquired intangible assets, net (Note 2) 27,592 27,711 4,060 Goodwill (Note 2) 2,345 81,868 11,994 Receivable on sales of property, plant and equipment 9,170 6,840 1,002 Total assets 1,305,206 1,362,996 199,683 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term borro
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SOURCE Tongjitang Chinese Medicines Company
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