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

government in August 2011.

Sales of human hepatitis B immunoglobulin decreased 43.2% in the first quarter 2012 on lower average prices at lower volumes. Human hepatitis B immunoglobulin products, which were 2.7% of total sales in the first quarter 2012, had an average price decrease of 27.0% in the first quarter 2012 from the first quarter 2011. Excluding the foreign exchange translation effect, the average price of human hepatitis B immunoglobulin products in RMB decreased 30.0% in the first quarter from the first quarter 2011 mainly due to our participation in a public health program sponsored by China's Ministry of Health to benefit migrant workers in which our product sales price was lower than the normal retail price. Sales volume of human hepatitis B immunoglobulin products decreased 22.1% in the first quarter from the first quarter 2011 mainly due to lower demand as a result of a new government program emphasizing inoculations for new-born infants but not for pre-natal mothers.

Sales of human rabies immunoglobulin increased by 30.9% in the first quarter 2012 on higher average prices at higher volumes. Human rabies immunoglobulin products, which were 2.2% of total sales, had an average price increase of 2.8% in the first quarter 2012 from the first quarter 2011. Excluding the foreign exchange translation effect, the average price of human rabies immunoglobulin products in RMB decreased 1.4% in the first quarter from the first quarter 2011. Sales volume of human rabies immunoglobulin products increased 27.2% in the first quarter from the first quarter 2011 mainly due to availability of approved finished product for sale.

Sales of human tetanus immunoglobulin sales increased by 20.6% in the first quarter 2012 on higher average prices at higher volumes. Human tetanus immunoglobulin products, which were 3.0% of total sales in the first quarter 2012, had an average price increase of 9.2% in the first quarter from the first quarter 2011. Excludi
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SOURCE China Biologic Products, Inc.
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