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

perations

Adjusted Net Income Six Months Ended Six Months Ended

June 30, 2008 June 30, 2007

Net Income (Loss) Diluted EPS Net Income Diluted Diluted

EPS Net Income EPS

Adjusted Amount - Non GAAP $5,565,142 $0.26 $5,342,343 $0.25

Non-cash employee compensation (1) $1,263,188 $0.06 -- --

Amount per consolidated statement $4,301,954 $0.20 $5,342,343 $0.25

of operations

(1) Non-cash compensation expense of $1,263,188 in connection with

adoption of the equity incentive plan granting share options on the

Company's common stock to employees and directors

Use of Non-GAAP Financial Measures

GAAP results for the three months ended June 30, 2008 include non-cash stock based compensation charges. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company has provided non-GAAP financial information excluding the impact of this item in this release. The Company's management believes that this non-GAAP measure provides investors with a better understanding of how the results relate to the Company's historical performance. A reconciliation of the adjustments to GAAP results appears in the table accompanying this press release. This additional non-GAAP information is not meant to be considered in isolation or as a substitute for GAAP financials. The non-GAAP financial information that the Company provides also may differ from the non-GAAP information provided by other companies.

About China Biologic Products, Inc.

China Biologic Products, Inc., through its indirect majority-owned subsidiary Shandong Taibang, is currently the only plasma-based biopharmaceutical company approved by the government of Shandong Province, the second largest province with a population
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SOURCE China Biologic Products, Inc.
Copyright©2008 PR Newswire.
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