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China Biologic Products Reports First Quarter 2008 Results
Date:5/15/2008

nts of $1,281,172

and $1,238,772 as of March 31, 2008 and 1,311,347 316,869

December 31, 2007, respectively

Notes receivable 42,840 41,130

Other receivables 441,526 425,163

Other receivable- related party 300,948 290,307

Inventories 11,520,085 9,505,074

Prepayments and deferred expense 243,073 138,756

Total current assets 19,012,448 15,727,332

PLANT AND EQUIPMENT, net 17,072,037 15,434,124

OTHER ASSETS:

Prepayments-non-current 850,130 711,459

Long term prepayment - related party 537,928 516,456

Intangible assets, net 930,584 915,874

Total other assets 2,318,642 2,143,789

Total assets $ 38,403,127 $ 33,305,245

L I A B I L I T I E S A N D S H A R E H O L D E R S' E Q U I T Y

CURRENT LIABILITIES:

Accounts payable $ 2,471,482 $ 2,677,587

Short term loans - bank 685,500

Short term loan - minority shareholder 752,720 722,674

Other payables and accrued liabilities 1,353,242 1,200,068

Other payable - land use right 317,896 305,571

Dividend payable 915,762 506,626

Customer deposits 1,362,936 398,794

Taxes payable 1,291,653 384,788

Total current liabilities 8,465,691 6,881,608

COMMITMENT AND CONTINGENCIES 40,030
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SOURCE China Biologic Products, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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