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

cember 31, 2009, respectively 3,764,123 1,767,076 Accounts receivable - related party 270,086 222,617 Other receivables 2,177,594 2,186,441 Inventories, net of allowance for obsolete of $717,960 and $519,333 as of March 31,2010 and December 31, 2009, respectively 39,175,405 35,132,724 Prepayments and deferred expense 1,672,261 1,299,125 Deferred tax assets 785,081 1,053,771 Total current assets 99,585,100 95,505,705 PLANT AND EQUIPMENT, net 31,867,690 28,873,413 OTHER ASSETS: Investment in unconsolidated affiliate 6,815,961 6,627,355 Prepayments - non-current 3,362,943 3,223,960 Intangible assets, net 20,335,295 21,180,322 Goodwill 12,425,589 12,425,589 Total other assets 42,939,788 43,457,226 Total assets $174,392,578 $167,836,344 LIABILITIES AND EQUITY CURRENT LIABILITIES: Accounts payable $3,520,975 $3,701,843 Notes payable 0 48,598 Short term loans - bank 7,408,350 4,474,350 Short term loans - holder of noncontrolling interest 3,652,500 3,652,500 Other payables and accrued liabilities 17,282,264 19,246,814 Other payable - related parties 3,087,527 3,087,527 Accrued interest - holder of noncontrolling interest 1,154,687 2,068,526 Customer deposits
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SOURCE China Biologic Products, Inc.
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