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China Biologic Reports Financial Results for the Second Quarter and First Half of 2013
Date:8/6/2013

iologic Products, Inc. $

19,682,604$

12,977,910$

35,832,314$

26,857,199 CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETSJune 30, December 31, 20132012ASSETS Current Assets Cash and cash equivalents$

147,264,448$

129,609,317Accounts receivable, net of allowance for doubtful accounts 17,821,67311,206,244Inventories 80,907,81375,679,173
Prepayments and other current assets
5,503,1555,664,919Total Current Assets 251,497,089222,159,653Property, plant and equipment, net 62,337,42251,325,177Intangible assets, net 3,104,2103,541,582Land use rights, net 6,373,1765,818,709Deposits related to land use rights16,669,16714,752,574Restricted cash 2,786,5022,912,145Equity method investment 10,937,30710,537,310Total Assets $

353,704,873$

311,047,150LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Short-term bank loans $

4,860,000$

7,935,000Accounts payable 3,018,0952,908,624Due to related parties 4,055,9254,081,624Other payables and accrued expenses 25,895,82325,423,349Advance from customers
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SOURCE China Biologic Products, Inc.
Copyright©2012 PR Newswire.
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