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

wings 101,100 112,522 16,485 Accounts payable 38,288 41,302 6,051 Accrued expenses and other current liabilities 156,247 185,973 27,246 Income taxes payable 3,089 2,589 379 Unrecognized tax benefit 937 962 141 Amounts due to related parties 6,086 13,948 2,043 Total current liabilities 305,747 357,296 52,345 Long-term bank loans 50,000 50,000 7,325 Deferred tax liabilities 11,868 29,236 4,283 Total liabilities 367,615 436,532 63,953 Total shareholders' equity attributable to the Company 937,591 924,759 135,480 Non-controlling interest -- 1,705 250 Total equity 937,591 926,464 135,730 Total liabilities and equity 1,305,206 1,362,996 199,683 (Note 1) The condensed consolidated financial statements of Tongjitang Chinese Medicines Company are stated in Renminbi ("RMB"). The translation of RMB amounts as of and for the period ended March 31, 2010 into United States dollar ("US$") is included solely for the convenience of readers and has been made at the rate of RMB6.8258 to US$1.00, which is based on the noon buying rate in The City of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York at March 31, 2010. Such translations should not be construed as representations that RMB amounts could be converted into US$ at that rate or any other rate. (Note 2) We are in the process of performing valuations of certain identifiable investment property, p
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SOURCE Tongjitang Chinese Medicines Company
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