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

9Inventories25,408,700

15,945,101Prepaid expenses and other current assets8,334,504

6,929,066Income taxes recoverable146,408

33,974Deferred tax assets376,411

428,741Total current assets79,187,661

55,611,232Property, plant and equipment, net65,461,750

60,110,367Investment in equity investees2,421,915

2,159,784Intangible assets, net126,918

125,079Prepaid expenses and other receivables1,596,354

637,748Deferred tax assets1,124,089

331,785Total assets149,918,687

118,975,995LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:  Short-term bank loans6,294,356

0  Accounts payable7,420,580

5,362,155  Accrued payroll and employee benefits3,141,756

2,393,700  Customer deposits1,115,887

687,275  Accrued and other liabilities4,253,889

3,057,445  Amounts due to affiliated companies0

58,338  Income taxes payable1,970,710

1,477,212Total current liabilities24,197,178

13,036,125Deferred tax liabilities45,025

42,699Total liabilities24,242,203

13,078,824Commitments and contingenciesStockholders' equity:Common stock, par value $0.001 per share; authorized
247,500,000 shares, issued and outstanding September 30,
2011– 24,140,247 shares; September 30, 2010 –23,950,740
shares 24,141

23,951Additional paid-in capital42,490,464

40,154,494Retained earnings58,984,686

48,730,034Statutory reserves5,866,970

4,585,731Accumulated other comprehensive income 18,169,505

12,302,762Total Winner Medical Group Inc. stockholders' equity125,535,766

105,796,972Noncontrolling interests140,718100,199Total equity125,676,484

105,897,171Total liabilities and equity149,918,687

118,975,995Winner Medical Group Inc.Non-GAAP ReconciliationFiscal Year ended September 3020112010US$US$Net income attributable to Winner Medical Group Inc. (GAAP)

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SOURCE Winner Medical Group Inc.
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