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

,872,712 927,456 Taxes payable -979,190 871,964 Contingent liability -- -105,707 Net cash provided by operating activities 7,082,292 2,018,879 CASH FLOWS FROM INVESTING ACTIVITIES: Cash acquired through acquisition 11,938,784 -- Purchase of plant and equipment -986,640 -1,249,620 Additions to intangible assets -88,845 -3,285 Advances on non-current assets -474,736 -- Advances on building acquired from -- -106,777 related party Net cash provided by (used in) investing activities 10,388,563 -1,359,682 CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from short term bank loan 7,647,822 -- Payments on short term loan -- -698,850 Net cash provided by (used in) financing activities 7,647,822 -698,850 EFFECTS OF EXCHANGE RATE CHANGE IN CASH 72,655 182,249 INCREASE IN CASH 25,191,332 142,596 CASH, beginning of period 8,814,616 5,010,033 CASH, end of period $34,005,948 $5,152,629 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Income taxes paid $1,783,619 $ -- Interest paid (net of capitalized interest) $236,649 $18,416 Non-cash investing and financing activities: Dividend paid by offsetting loan due from holder of noncontrolling interest $3,735,243 $ -- Net assets acquired with prepayments
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SOURCE China Biologic Products, Inc.
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