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China Biologic Products Reports First Quarter 2008 Results


MINORITY INTEREST 4,110,623 3,885,892


Common stock, $0.0001 par value,

100,000,000 shares authorized,

21,434,942 shares issued and

outstanding at March 31, 2008

and December 31, 2007, respectively 2,143 2,143

Paid-in-capital 9,388,305 9,388,305

Statutory reserves 4,866,031 4,513,077

Retained earnings 7,798,152 5,883,306

Accumulated other comprehensive income 3,732,152 2,608,794

Total shareholders' equity 25,786,783 22,395,625

Total liabilities and

shareholders' equity $ 38,403,127 $ 33,305,245





2008 2007

REVENUES $ 7,849,007 $ 7,677,852

COST OF SALES 1,948,898 3,261,376

GROSS PROFIT 5,900,109 4,416,476


Selling expenses 494,529 497,613

General and administrative 1,584,128 938,598


Research and development expenses 183,782 149,907

TOTAL OPERATING EXPENSES 2,262,439 1,586,118

INCOME FROM OPERATIONS 3,637,670 2,830,358


Finance expense 22,973 44,645


SOURCE China Biologic Products, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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