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Sinovac Reports Third Quarter 2008 Unaudited Financial Results
Date:11/18/2008

49,907 159,147 - provision for doubtful debts 1,968,207 1,781,849 - depreciation of property, plant and equipment, and amortization of licenses 1,298,314 1,049,275 - research and development expenditures qualified for government grant (147,677) (365,746) - minority interests 2,184,703 2,597,913 Change in other assets and liabilities - accounts receivable (8,650,832) (11,144,117) - inventories (3,934,756) (2,687,289) - prepaid expenses and deposits 188,789 (674,823) - accounts payable and accrued liabilities 1,973,562 1,244,340 Net cash provided by (used in) operating activities 207,089 (2,318,670) Cash flows from (used in) financing activities Loan repayment (3,572,010) (1,172,531) Loan proceeds 2,143,206 1,302,814 Proceeds from issuance of common stock 9,854,560 183,971 Payment to release shares in escrow -- 1,394,333 Proceeds from shares subscribed 20,060 -- Dividends paid to minority interest shareholder in Sinovac Beijing (2,947,877) (833,071) Government grant received 214,321 3,100,694 Net cash provided by (used in) financing activities 5,712,260 3,976,210 Cash flows from (used in) investing activities Restricted cash (725) 24,029 Acquisition of property, plant and equipment
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SOURCE Sinovac Biotech Ltd.
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