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

+2.8%-1.4%+27.2%Human tetanus immunoglobulin1.21.43.0%+20.6%+15.6%+9.2%+4.6%+10.5%Placenta Polypeptide 0.12.14.5%+2692.7%+2576.2%+253.7%+239.0%+689.5%Other0.10.40.7%+249.1%+234.5%Total$ 34.5$  47.2100.0%+37.0%+31.3% 

Sales of human albumin products increased 30.9% in the first quarter 2012 on higher average prices and higher volumes from the first quarter 2011. Human albumin products, which were 54.6% of total sales in the first quarter 2012, had an average price increase of 9.2% from the first quarter 2011. Excluding the foreign exchange translation effect, the average price of human albumin products in RMB increased 4.7% from the first quarter 2011. The price increase of human albumin products was primarily due to the supply shortage in the first quarter 2012 as the market started to experience the reduced supply of human albumin products due to the plasma stations that were closed by the Guizhou provincial government in August 2011. Sales volume of human albumin increased 19.8% in the first quarter from the first quarter 2011.

Sales of human immunoglobulin for intravenous injection ("IVIG") increased 46.4% in the first quarter 2012 at higher average prices and higher volumes from the first quarter 2011. IVIG products, which were 32.3% of total sales in the first quarter 2012, had an average price increase of 10.7% in the first quarter from the first quarter 2011. Excluding the foreign exchange translation effect, the average price of IVIG products in RMB increased 6.1% in the first quarter from the first quarter 2011, which was primarily due to the continuing shortage in supply of such products. Sales volume of IVIG products increased by 32.2% in the first quarter from the first quarter 2011. The price increase of IVIG products was primarily due to the supply shortage in the first quarter 2012 as the market started to experience the reduced supply of IVIG products due to the plasma stations that were closed by the Guizhou provincial
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SOURCE China Biologic Products, Inc.
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