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Winner Medical Reports Full Fiscal Year 2011 Results
Date:11/30/2011

d September 30,20112010US$US$Net sales149,896,424

115,030,651Cost of sales(109,046,284)

(80,473,292)Gross profit40,850,140

34,557,359Other operating income, net4,083

557,402Government subsidies1,594,315

208,719Realized loss on commodity financial instruments(1,859,945)

0Foreign currency exchange losses, net(1,051,250)

(493,271)Selling, general and administrative expenses(26,525,378)

(20,370,950) 

 Income from operations13,011,965

14,459,259Interest income165,195

98,024Interest expense(93,314)

(128,816)Equity in earnings of 50 percent or less owned persons 462,131

235,828Income before income taxes 13,545,977

14,664,295Income taxes(1,970,314)

(1,666,933)Net income11,575,663

12,997,362Net (income)/loss attributable to noncontrolling interests(39,772)

93,136Net income attributable to

Winner Medical Group Inc.11,535,89113,090,498Comprehensive income:Net income11,575,663

12,997,362Foreign currency translation adjustments5,867,490

1,584,165Comprehensive (income)/loss attributable tononcontrolling interests(40,519)

93,883Comprehensive income attributable toWinner Medical Group Inc.17,402,63414,675,410Net income attributable to

Winner Medical Group Inc.  per share - basic0.48

0.57- diluted0.47

0.56Weighted average common stock outstanding- basic 24,128,868

23,014,065- diluted24,549,361

23,383,532Winner Medical Group Inc.Consolidated Balance SheetsSeptember 30,20112010US$US$ASSETSCurrent assets:Cash and cash equivalents21,945,105

14,818,179Restricted bank deposits1,836,491

285,119Held-to-maturity investments0

1,497,607  Accounts and notes receivable, less allowances for doubtful
accounts of US$159,485 and US$230,200 at September 30,
2011 and 2010,  respectively20,982,26315,672,446 Amounts due from affiliated companies157,779

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SOURCE Winner Medical Group Inc.
Copyright©2010 PR Newswire.
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