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China Biologic Products Announces Strong First Quarter 2009 Results
Date:5/18/2009

nts and deferred expense 1,133,535 614,704 Total current assets 65,113,842 25,195,816 PLANT AND EQUIPMENT, net 27,583,288 19,299,364 OTHER ASSETS: Investment in unconsolidated affiliate 6,565,312 6,533,977 Refundable deposit for potential acquisition -- 14,181,800 Prepayments - non-current 4,519,925 955,874 Intangible assets, net 21,636,063 1,002,561 Goodwill 13,692,473 -- Total other assets 46,413,773 22,674,212 Total assets $139,110,903 $67,169,392 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $3,502,387 $2,481,889 Notes payable 29,300 29,340 Short term loans - bank 7,720,550 -- Short term loan - holder of noncontrolling interest 772,223 773,277 Other payables and accrued liabilities 12,978,381 3,962,931 Other payable - land use right 29,281 1,683 Other payable - holder of noncontrolling interest 1,333,795 -- Other payable - related party 2,563,643 -- Accrued interest - related party 305,966 -- Distribution payable to holder of noncontrolling interest 4,166,692 3,252,354 Customer deposits 6,390,937 1,091,792 Taxes payable 5,211,498 4,060,010 Long term bank loan-current maturities 43
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SOURCE China Biologic Products, Inc.
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