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

007

(Unaudited)

CURRENT ASSETS:

Cash $8,775,242 $5,010,033

Accounts receivable, net of

allowance for doubtful accounts of

$1,202,838 and $1,238,772 as of June 30,

2008 and December 31, 2007,

respectively 939,406 316,869

Notes receivable 68,142 41,130

Other receivables 659,799 425,163

Other receivable- related party 307,481 290,307

Inventories 12,759,906 9,505,074

Prepayments and deferred expense 395,949 138,756

Total current assets 23,905,925 15,727,332

PLANT AND EQUIPMENT, net 18,132,745 15,434,124

OTHER ASSETS:

Advances on equipment purchases 791,014 711,459

Long term prepayment - related

party 549,605 516,456

Intangible assets, net 929,738 915,874

Total other assets 2,270,357 2,143,789

Total assets $44,309,027 $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 $2,546,739 $2,677,587

Short term loans - bank -- 685,500

Short term loan - minority

shareholder 769,060 722,674

Other payables and accrued

liabilities 1,980,188 1,200,068

Other payable - land use right 324,411 305,571

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

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