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China Biologic Products Announces Record Second Quarter 2010 Results
Date:8/16/2010

652,737) Proceeds from short term loans - bank 5,867,600 13,513,754 Payments on short term loans - bank (4,400,700) -- Payments on long term loan - bank -- (5,862,800) Repayments of non-controlling shareholder loan (3,652,500) -- Payments on notes payables (48,595) -- Distribution paid to noncontrolling interest shareholders (4,864,240) -- Net cash (used in) provided by financing activities (6,409,275) 14,083,254 EFFECTS OF EXCHANGE RATE CHANGE IN CASH 209,310 52,750 INCREASE IN CASH 2,419,180 40,664,405 CASH and CASH EQUIVALENTS, beginning of periods 53,843,951 8,814,616 CASH and CASH EQUIVALENTS, end of periods $56,263,131 $49,479,021 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Income taxes paid $9,500,399 $4,351,056 Interest paid $161,684 $715,158 Non-cash investing and financing activities: Reclassification of derivative liability to equity related to conversion of convertible notes $2,498,957 $-- Reclassification of derivative liability to equity related to exercise of warrants $1,747,765 $125,009 Distribution paid in exchange of holder of noncontrolling interest loan $-- $3,736,773 Distribution paid by offsetting accounts receivable - related party $-- $3,720,649 Net assets addition with unpaid commitment $-- $2,849,321 Intangible assets acquired with prepayments made in prior periods $440,070 $-- Plant and equipment acquired with prepayments made in prior periods $629,166 $14,290,227 For more information, please contact: Company Contact: Mr. Y. Tristan Kuo Chief Financial Officer China Biologic Products, Inc. Tel: +86-538-6202206 Email: IR@chinabiologic.com Web: http://www.chinabiologic.com Investor Relations Contact: Mr. Kalle Ahl, Account Manager CCG Investor Relations Tel: +1-646-833-3417 Email: kalle.ahl@ccgir.com Web: http://www.ccgirasia.com Mr. Crocker Coulson, President Tel: +1-646-21
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SOURCE China Biologic Products, Inc.
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