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Winner Medical Reports Fourth Quarter and Fiscal 2010 Results
Date:12/8/2010

rests93,883

65,491Comprehensive income attributable toWinner Medical Group Inc.14,675,410

9,069,420Net income attributable to

Winner Medical Group Inc.  per share - basic0.57

0.41- diluted0.56

0.41Weighted average common stock outstanding- basic 23,014,065

22,363,675- diluted23,383,532

22,403,237Winner Medical Group Inc.

Consolidated Balance SheetsSeptember 30,20102009US$US$ ASSETSCurrent assets:Cash and cash equivalents14,818,179

9,493,026Restricted bank deposits285,119

123,868Held-to-maturity investments1,497,607

-Accounts receivable, less allowances for doubtful accounts of US$230,200 and US$244,401 at September 30, 2010 and 2009 respectively15,672,446

13,148,462Amounts due from affiliated companies999

-Inventories15,945,101

14,932,740Prepaid expenses and other current assets6,929,066

3,614,567Income taxes recoverable33,974

30,910Deferred tax assets428,741

359,151Total current assets55,611,232

41,702,724Property, plant and equipment, net60,110,367

55,770,870Investment in equity investees2,159,784

1,923,956Intangible assets, net125,079

147,008Non-current restricted bank deposits-

34,917Prepaid expenses and other receivables637,748

1,104,344Deferred tax assets331,785

252,190Total assets118,975,995

100,936,009LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:  Short-term bank loans-

6,589,545  Accounts payable5,362,155

4,843,404  Accrued payroll and employee benefits2,393,700

2,072,892  Customer deposits687,275

603,824  Accrued and other liabilities3,057,445

2,574,736  Amounts due to affiliated companies58,338

56,349  Income taxes payable1,477,212

1,938,941Total current liabilities13,036,125

18,679,691Deferred tax liabilities42,699

41,899Total liabilit
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SOURCE Winner Medical Group Inc.
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