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China Biologic Products Reports Second Quarter 2008 Results
Date:8/14/2008

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Interest income (19,601) (4,386) (30,490) (17,113)

Interest expense 18,755 18,692 44,672 63,337

Other income (364) (23) (567) (4,093)

Other expense 52,405 15,400 53,019 27,135

TOTAL OTHER EXPENSES 51,195 29,683 66,634 69,266

INCOME BEFORE PROVISION

FOR INCOME TAXES

AND MINORITY

INTEREST 4,916,341 5,011,805 8,530,626 7,789,853

PROVISION FOR INCOME

TAXES 2,123,843 848,852 2,864,325 1,298,962

NET INCOME BEFORE

MINORITY INTEREST 2,792,498 4,162,953 5,666,301 6,490,891

LESS MINORITY INTEREST 758,344 719,453 1,364,347 1,148,548

NET INCOME 2,034,154 3,443,500 4,301,954 5,342,343

FOREIGN CURRENCY

TRANSLATION GAIN 747,767 370,319 1,871,125 463,092

OTHER COMPREHENSIVE

INCOME $2,781,921 $3,813,819 $6,173,079 $5,805,435

BASIC EARNINGS PER

SHARE

Weighted average number

of shares 21,434,942 21,434,942 21,434,942 21,434,942

Earnings per share $0.09 $0.16 $0.20 $0.25

DILUTED EARNINGS PER

SHARE

Weighted average number

of shares 21,664,429 21,434,942 21,808,852 21,434,942

Earnings per share $0.09 $0.16 $0.20 $0.25

CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2008 AND DECEMBER 31, 2007

A S S E T S

June 30, December 31,

2008 2
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SOURCE China Biologic Products, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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