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

tful accounts 58,437

Change in operating assets and

liabilities:

Accounts receivable (960,482) (517,358)

Notes receivable (433,843)

Other receivables 1,285 (494,298)

Other receivables - shareholders 1,398 (604,391)

Inventories (1,585,462) (498,242)

Prepayments and deferred

expenses (96,457) 44,701

Accounts payable (310,692) 145,858

Other payables and accrued

liabilities 101,089 651,234

Customer deposits 927,456

Taxes payable 871,964 382,165

Contingent liability (105,707)

Net cash provided by operating 2,018,879 1,235,082

activities

CASH FLOWS FROM INVESTING ACTIVITIES:

Additions to plant and equipment (1,249,620) (1,151,674)

Additions to construction in

progress (151,066)

Additions to intangible assets (3,285)

Advances on building, equipment and

intangible assets purchases (106,777) (560,523)

Net cash used in investing

activities (1,359,682) (1,863,263)

CASH FLOWS FINANCING ACTIVITIES:

Proceeds from short term loan - bank 1,290,100

Payments on short term loan - bank (698,850)

Payments on long term debt (129,010)

Dividends paid to minority
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SOURCE China Biologic Products, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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