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

Minority Interest 1,364,347 1,148,548

Depreciation 579,754 417,406

Amortization 53,192 23,686

Loss on disposal of

equipment 1,900 4,064

Stock-based compensation 1,263,188 --

Change in operating assets

and liabilities:

Accounts receivable (477,858) 458,758

Notes receivable (23,694) 57,721

Other receivables (201,576) (1,317,291)

Other receivables -

shareholders 1,419 (146,149)

Inventories (2,571,137) (989,274)

Prepayments and deferred

expenses (241,377) 187,928

Accounts payable (294,290) 36,733

Other payables and

accrued liabilities 683,527 298,787

Other payable - land use

right (752) --

Customer deposits 264,990 1,239,099

Taxes payable 2,134,302 547,273

Contingent liability (107,273) --

Net cash provided

by operating activities 6,623,033 7,309,632

CASH FLOWS FROM INVESTING

ACTIVITIES:

Additions to plant and equipment (2,245,627) (3,830,236)

Additions to construction in progress -- 9,393

Additions to intangible assets (9,517) (46,213)

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

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