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

(549,938) (468,832) Accounts receivable (1,997,040) (97,007) Accounts receivable - related party (47,452) (212,367) Other receivables 8,847 (18,487) Inventories (4,283,720) (3,513,011) Prepayments and deferred expenses (512,690) (124,944) Accounts payable (180,806) (252,850) Other payables and accrued liabilities (2,383,690) 307,916 Accrued interest - holder of noncontrolling interest (913,840) 305,966 Customer deposits 684,750 2,872,712 Taxes payable (1,260,708) (979,190) Net cash provided by operating activities 2,092,846 7,082,292 CASH FLOWS FROM INVESTING ACTIVITIES: Cash acquired through acquisition 334 11,938,784 Payments made for acquisition (1,476,781) -- Purchase of plant and equipment (1,443,043) (986,640) Additions to intangible assets (24,484) (88,845) Advances on non-current assets (569,626) (474,736) Net cash (used in) provided by investing activities (3,513,600) 10,388,563 CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from warrants conversion 689,160 -- Proceeds from short term loans - bank 5,924,660 -- Payments on short term loans - bank (2,962,330) 7,647,822 Payments on notes payables (48,582) -- Distribution paid to no
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SOURCE China Biologic Products, Inc.
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