Sinovac Reports Unaudited First Quarter 2009 Financi...(868938 627805 - depreciation ...),Health

Date:5/15/2009

868,938 627,805 - depreciation of property, plant and equipment, and amortization of licenses and permits 432,354 392,103 - research and development expenditures qualified for government grant (58,311) (4,019) - noncontrolling interests 106,880 738,855 Change in other assets and liabilities - accounts receivable (2,462,999) (4,150,245) - inventories (2,331,763) (1,449,443) - prepaid expenses and deposits 30,904 319,014 - income tax refundable (885,252) -- - accounts payable and accrued liabilities (2,771,775) 473,790 Net Cash Used in Operating Activities (6,832,231) (1,402,367) Cash Flows From Financing Activities Proceeds from issuance of common stock -- 9,751,309 Proceeds from shares subscribed -- 61,990 Repurchase of common stock (319,643) -- Loan to minority shareholders in Sinovac Beijing (1,460,600) -- Dividend paid to minority shareholders in Sinovac Beijing -- (2,947,877) Net Cash Provided by / (Used in) Financing Activities (1,780,243) 6,865,422 Cash Flows From Investing Activities -- -- Restricted cash -- (1,370,686) Acquisition of property, plant and equipment (1,011,492) (1,007,424) Net Cash Used in Investing Activities (1,011,492) (2,378,110) Exchang
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SOURCE Sinovac Biotech Ltd. Copyright©2009 PR Newswire. All rights reserved

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