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

se diseases are not easy to predict, we cannot estimate or assign a probability to that category of risk.

"With the additional assistance and support from our board of directors, we remain committed to accelerating our long-term earnings growth in the future by expanding our research and development and new product pipeline, increasing our direct sales to institutional customers rather than through distributors, expanding our geographic reach, locating and creating new raw plasma sources, and pursuing possible prudent acquisitions and mergers and potential international collaborations.

"With this good start to the year 2012, we are continuing to take the actions we believe will achieve our strategic goals that include creating long-term additional value for shareholders through outstanding products that are vital to human health."

Results for the first quarter ended March 31, 2012Sales

Total sales increased $12.8 million or 37.0% to $47.2 million in the first quarter ended March 31, 2012 from $34.5 million in the first quarter 2011 mainly due to a mix of price and volume increases in certain of our plasma based products and favorable changes in foreign exchange translation that accounted for 5.7% of the sales increase. Total sales in RMB increased 31.3% in the first quarter 2012 from the first quarter 2011.China Biologic Products, Inc.Sales and percent changes in sales, average price, and volumeU.S. dollars or Chinese RMB in millions except percentsFirst QuarterPercent change first quarter 2012 / 20112011First quarter 2012Total salesAverage selling priceProductsTotal
salesTotal
sales% Total
salesIn
USDIn
RMBIn
USDIn
RMBSales
volumeHuman albumin$ 19.7$ 25.854.6%+30.9%+25.4%+9.2%+4.7%+19.8%Human immunoglobulin
for intravenous injection10.415.332.3%+46.4%+40.3%+10.7%+6.1%+32.2%Human hepatitis B immunoglobulin2.21.22.7%-43.2%-45.5%-27.0%-30.0%-22.1%Human rabies immunoglobulin0.81.02.2%+30.9%+25.4%
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SOURCE China Biologic Products, Inc.
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