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

identified by words or phrases such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. Statements that are not historical facts, including statements about Sinovac's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Sinovac does not undertake any obligation to update any forward-looking statement, except as required under applicable law.



                             SINOVAC BIOTECH LTD.
          Consolidated Statements of Income and Comprehensive Income
           Three Months and Six Months Ended June 30, 2009 and 2008
                                 (Unaudited)
                         (Expressed in U.S. Dollars)

                               Three months ended         Six months ended
                                      30-Jun                    30-Jun
                                2009         2008         2009         2008

    Sales                  $20,018,327  $16,521,429  $26,584,426  $25,383,430
    Cost of sales            3,762,786    2,613,939    5,210,556    3,661,805
    Gross profit            16,255,541   13,907,490   21,373,870   21,721,625
    Selling, general and
     administrative
     expenses                4,860,279    6,038,650    8,407,902    9,616,536
    Research and
     development expenses      549,734      667,508    1,309,175    1,596,844


    Depreciation of
     property, plant and
     equipment  and
     amortization of
     licenses and permits      167,004      169,484      331,873      347,713
    Total operating
     expenses                5,577,017    6,875,642   1
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SOURCE Sinovac Biotech Ltd.
Copyright©2009 PR Newswire.
All rights reserved

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