Sinovac Reports Unaudited First Quarter 2009 Financi...(481768 718516 Net income fo...),Health

Date:5/15/2009

481,768 718,516 Net income for the period 131,559 2,298,811 Net income attributable to noncontrolling interest (106,880) (738,855) Net income attributable to shareholders $24,679 $1,559,956 Net income for the period $131,559 $2,298,811 Other comprehensive income Foreign currency translation adjustment 64,899 1,282,528 Comprehensive income 196,458 3,581,339 Comprehensive income attributable to noncontrolling Interest 123,043 1,009,418 Comprehensive income attributable to shareholders $73,415 $2,571,921 Earnings per share - basic and diluted $0.00 $0.04 Weighted average number of shares of common stock outstanding Basic 42,890,695 41,088,322 Diluted 42,890,695 41,470,579 SINOVAC BIOTECH LTD. Incorporated in Antigua and Barbuda Consolidated Statements of Cash Flows Three months ended March 31, 2009 and 2008 Unaudited (Expressed in U.S. Dollars) 2009 2008 Cash Flows From Operating Activities Net income for the period $24,679 $1,559,956 Adjustments to reconcile net income to net cash provided (used) by operating activities: - deferred income taxes 157,394 73,181 - gain on disposal of equipment (9,783) -- - stock-based compensation 66,503 16,636 - provision for doubtful accounts
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SOURCE Sinovac Biotech Ltd. Copyright©2009 PR Newswire. All rights reserved

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