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China Biologic Products Announces Strong 2008 Results
Date:4/1/2009

Accounts receivable, net of allowance for doubtful accounts of $1,268,052 and $1,238,772 as of December 31, 2008 and 2007, respectively 313,087 316,869 Dividend receivable 147,256 -- Other receivables 356,957 301,773 Other receivables- related party -- 413,697 Inventories 14,949,196 9,505,074 Prepayments and deferred expense 614,704 138,756 Total current assets 25,195,816 15,727,332 PLANT AND EQUIPMENT, net 19,299,364 15,434,124 OTHER ASSETS: Investment in unconsolidated affiliate 6,533,977 -- Refundable deposit for potential acquisition 14,181,800 -- Prepayments-non-current 955,874 711,459 Long term prepayment - related party -- 516,456 Intangible assets, net 1,002,561 915,874 Total other assets 22,674,212 2,143,789 Total assets $67,169,392 $33,305,245 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $2,481,889 $2,677,587 Notes payable 29,340 -- Short term loans - bank -- 685,500 Short term loan - minority shareholder 773,277 722,674 Other payables and accrued liabilities 3,962,931
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SOURCE China Biologic Products, Inc.
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