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

of equipment 3,546 --

Advances on building, equipment

and intangible assets purchases (32,945) (5,672)

Net cash used in investing activities (2,284,543) (3,872,728)

CASH FLOWS FINANCING ACTIVITIES:

Restricted cash -- (65,750)

Proceeds from short term loans - bank -- 1,297,100

Payments on short term loans - bank (709,200) (2,511,400)

Proceeds from employee loans -- 752,750

Payments on long term debt -- (194,565)

Dividends paid to minority shareholders (283,680) (476,597)

Net cash (used in) provided

by financing activities (992,880) (1,198,462)

EFFECTS OF EXCHANGE RATE CHANGE IN CASH 419,599 41,654

INCREASE IN CASH 3,765,209 2,280,096

CASH, beginning of period 5,010,033 4,268,220

CASH, end of period $8,775,242 $6,548,316

SUPPLEMENTAL DISCLOSURE OF CASH FLOW

INFORMATION

Income taxes paid $850,605 $743,113

Interest paid (net of capitalized

interest) $29,901 $55,714


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

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