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

ortization 702,5561,525,267(Gain)/loss on sale of property, plant and equipment (70,363)60,518Allowance for doubtful accounts, net -21,895Provision for doubtful accounts - other receivables and prepayments6,20235,637Write-down of obsolete inventories -49,703Deferred tax expense720,67926,341Share-based compensation 3,047,9621,992,958Change in fair value of derivative liabilities -(1,769,140)Equity in income of an equity method investee (739,945)(1,474,303)Change in operating assets and liabilities: Accounts receivable (6,314,643)(4,692,006)Prepayment and other current assets(101,135)(292,473)Inventories (3,616,165)2,045,191Accounts payable 242,365(1,546,373)Other payables and accrued expenses (2,033,594)(2,977,473)Advance from customers (529,984)401,393Due to related parties(140,697)1,255,867Income tax payable (1,260,254)(2,185,825)Net cash provided by operating activities 

$

37,908,728$

32,069,232CASH FLOWS FROM INVESTING ACTIVITIES:Payment for property, plant and equipment (11,912,603)(5,098,533)Payment for intangible assets and land use rights (1,137,556)(796,707)Dividend received560,980555,310Purchase of short-term investment-(1,348,610)Proceeds from sale of property, plant and equipment83,731-Net cash used in investing activities 

$

(12,405,448)$<
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SOURCE China Biologic Products, Inc.
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