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China Biologic Products Reports Second Quarter 2008 Results




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


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


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


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

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