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

sing of the Huitian acquisition and as we near completion of the Dalin acquisition," remarked Mr. Zhao. "From our due diligence work, we see potential to achieve significant synergies and economies of scale. We expect that the acquisitions will help us to secure a greater supply of plasma, enhance our capacity utilization and achieve greater market share via geographic expansion."

    Non-GAAP reconciliation table

                CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES
                 RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
                FOR THE YEAR ENDED DECEMBER 31, 2008 AND 2007

                                           Fiscal year ended Fiscal year ended
    Adjusted Net Income                    December 31, 2008 December 31, 2007
                                                      Diluted          Diluted
    Net Income (Loss) Diluted EPS           Net Income   EPS Net Income   EPS
    Adjusted Amount - Non-GAAP              13,297,398  0.62  8,179,376  0.37
    Non-cash employee compensation (1)       1,311,727  0.06         --    --
    Amount per consolidated statement  of
     operations                             11,985,671  0.56  8,179,376  0.37

    (1) Both non-cash compensation expenses are in connection with adoption of
        the equity incentive plan granting share options on the Company's
        common stock to employees and directors

Use of Non-GAAP Financial Measures

GAAP results for the year ended December 31, 2008 include non-cash stock based compensation charges. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company has provided non-GAAP financial information excluding the impact of this item in this release. The Company's management believes that this non-GAAP measure provides investors with a better understanding of how the results relate to the Company's historical performance. A reconc
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SOURCE China Biologic Products, Inc.
Copyright©2009 PR Newswire.
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