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China Biologic Products Announces First Quarter 2010 Results
Date:5/17/2010

p15';s.prop5='External Link';s.eVar3=s.prop5;s.prop15='93915589';s.tl(this,'o','ExternalLink');" target='_blank' href="http://www.sec.gov">http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.


                               FINANCIAL TABLES FOLLOW



                 CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES

                  RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
                 FOR THE THREE MONTHS ENDED March, 2010 AND 2009

                                            Three Months      Three Months
                                                Ended             Ended
                                           March 31, 2010    March 31, 2009
                                            Net    Diluted     Net   Diluted
    Net Income (Loss) Diluted EPS          Income    EPS     Income    EPS

    Adjusted Net Income  - Non GAAP    $7,516,077    $0.28  $4,678,714   $0.22

    Non-cash employee
     compensation (1)                    $571,893    $0.02     $27,373   $0.00
    Income in fair value of
     derivative liabilities (2)       ($3,833,577)  ($0.14)   $393,023   $0.02
    Net Income attributable to
     controlling interest for
     diluted EPS (3)                  $10,777,761    $0.41  $4,258,318   $0.20

    Interest add back on Convertible
     Notes                               $172,121                   --
    Net Income attributable to
     controlling interest             $10,605,640           $4,258,318
    Weighted average number of
     shares - diluted                  26,471,425           21,434,942

    (1) Non-cash compensation expenses related to options granted to employees
        and directors under the Company's 2008 Equity Incentive Plan
    (2) Adoption of a new
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SOURCE China Biologic Products, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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