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China Biologic Products Reports Higher Results for the First Quarter 2012
Date:5/8/2012

,8482,594,461Prepayments and prepaid expenses 2,232,9901,591,696Deferred tax assets 1,799,3411,999,563Total Current Assets 186,919,818183,693,513Property, plant and equipment, net 40,971,10740,546,539Intangible assets, net 5,836,5296,520,671Land use rights, net 5,810,8105,487,343Prepayments and deposits for property, plant and equipment 5,194,0094,287,492Equity method investment 9,429,9478,357,017Total Assets

$

254,162,220$

248,892,575LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Short-term bank loans

$

4,752,000$

11,018,000Accounts payable 4,149,0254,996,463Due to related parties 5,818,2423,319,938Other payables and accrued expenses 22,592,19530,661,794Advance from customers 4,532,1534,365,523Advance from customers – a related party 1,017,322486,602Income tax payable 3,841,8035,373,633Other taxes payable 2,434,0342,189,913Derivative liabilities - warrants 4,201,0375,410,419Total Current Liabilities 53,337,81167,822,285Other payable 345,127343,477Deferred tax liabilities 1,580,6981,685,772Total Liabilities 55,263,63669,851,534Stockholders' Equity Common stock: par value $.0001; 100,000,000 shares authorized; 25,601,125 shares
issued and outstanding at March 31, 2012 and December 31, 2011 2,5602,560Additional paid-in capital 49,800,73048,838,311Retained earnings 86,878,11773,920,811Accumulated other comprehensive income 13,672,66512,750,682Total stockholders' equity attributable to China Biologic Products, Inc. 150,354,072135,512,364Noncontrolling interest 48,544,51243,528,677Total Equity 198,898,584179,041,041Commitments and contingencies --Total Liabilities and Equity

$

254,162,220$

248,892,575 

CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS For the three months ended March 31, 2012 March 31, 2011 CASH FLOWS FROM OPERATING ACTIVITIES:Net income

$

17,718,167$

9,828,200A
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SOURCE China Biologic Products, Inc.
Copyright©2010 PR Newswire.
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