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China Biologic Reports Financial Results for the First Quarter of 2013
Date:5/8/2013

62,251,731Retained earnings 134,058,860119,143,000Accumulated other comprehensive income 15,306,17214,072,322Total equity attributable to China Biologic Products, Inc. 214,405,357195,469,716Noncontrolling interest 63,412,12261,949,448Total Stockholders' Equity 277,817,479257,419,164Commitments and contingencies --Total Liabilities and Stockholders' Equity

$

329,616,399$

311,047,150CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFor the three months ended March 31, March 31, 20132012CASH FLOWS FROM OPERATING ACTIVITIES: Net income

$

21,912,326$

17,718,167Adjustments to reconcile net income to net cash provided by operating

activities: Depreciation1,534,5071,096,725Amortization 282,605755,797Loss on sale of property, plant and equipment 1,23815,092Allowance for doubtful accounts, net -58,497Reversal of doubtful accounts - other receivables and prepayments (169)-Write-down of obsolete inventories -63,982Deferred tax expense534,67898,278Share-based compensation 1,634,735962,419Change in fair value of derivative liabilities -(1,209,382)Equity in income of an equity method investee (128,948)(1,022,412)Change in operating assets and liabilities: '/>"/>

SOURCE China Biologic Products, Inc.
Copyright©2012 PR Newswire.
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