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

ividend payable 643,842 506,626

Customer deposits 696,966 398,794

Taxes payable 2,604,880 384,788

Total current liabilities 9,566,086 6,881,608

COMMITMENT AND CONTINGENCIES 40,899 142,120

MINORITY INTEREST 4,870,150 3,885,892

SHAREHOLDERS' EQUITY:

Common stock, $0.0001 par value,

100,000,000 shares authorized,

21,434,942 shares issued

and outstanding

at June 30, 2008 and

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

Paid-in-capital 10,651,493 9,388,305

Statutory reserves 5,334,520 4,513,077

Retained earnings 9,363,817 5,883,306

Accumulated other comprehensive

income 4,479,919 2,608,794

Total shareholders' equity 29,831,892 22,395,625

Total liabilities and

shareholders' equity $44,309,027 $33,305,245

CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2008 AND 2007

(UNAUDITED)

2008 2007

CASH FLOWS FROM OPERATING

ACTIVITIES:

Net income $4,301,954 $5,342,343

Adjustments to reconcile net

income to cash

provided by operating

activities:

Recovery of bad debt

previously reserved (107,583) --


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

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