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Sinovac Reports Unaudited Second Quarter 2009 Financial Results
Date:8/19/2009

CH LTD. Consolidated Balance Sheets (Unaudited) (Expressed in U.S. Dollars) June 30, December 31, 2009 2008 ASSETS Current assets Cash and cash equivalents $46,704,452 $32,894,102 Accounts receivable - net 31,740,850 19,486,596 Inventories 9,654,400 6,486,351 Income tax refundable 521,484 348,018 Prepaid expenses and deposits 678,673 933,297 Deferred tax assets 448,965 1,189,831 Due from related party 1,460,963 -- Total current assets 91,209,787 61,338,195 Property, plant and equipment 21,244,659 19,262,099 Long term inventories 2,919,129 942,514 Deferred tax asset 545,102 569,937 Licenses and permits 893,146 1,090,477 $116,811,823 $83,203,222 Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Loans payable $24,105,891 $8,024,277 Accounts payable and accrued liabilities 11,708,409 11,909,037 Due to related parties 46,971 46,971 Dividends payable to non-controlling shareholder of Sinovac Beijing 115,835 115,677 Deferred research grants 1,011,842 1,182,703 Total current liabilities 36
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SOURCE Sinovac Biotech Ltd.
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