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

1,200,068 Other payable - land use right 1,683 1,485 Distribution payable to minority shareholder 3,252,354 506,626 Customer deposits 1,091,792 398,794 Taxes payable 4,060,010 384,788 Investment payable 3,275,501 -- Total current liabilities 18,928,777 6,577,522 OTHER LIABILITIES: Non-current other payable - land use right 323,707 304,086 Long term loan-bank 5,868,000 -- Total other liabilities 6,191,707 304,086 Total liabilities 25,120,484 6,881,608 COMMITMENTS AND CONTINGENCIES -- 142,120 MINORITY INTEREST 4,211,794 3,885,892 SHAREHOLDERS' EQUITY: Common stock, $0.0001 par value, 100,000,000 shares authorized, 21,434,942 shares issued and outstanding at December 31, 2008 and 2007 2,143 2,143 Paid-in-capital 10,700,032 9,388,305 Statutory reserves 6,989,801 3,934,703 Retained earnings 15,392,253 6,461,680 Accumulated other comprehensive income 4,752,885 2,608,794 Total shareholders' equity 37,837,114 22,395,625 Total liabilities and shareholders'
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SOURCE China Biologic Products, Inc.
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