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China Biologic Reports Financial Results for the Second Quarter of 2014
Date:8/5/2014

ties: Accounts receivable (7,473,499)(6,314,643)Prepayment and other assets(2,393,459)(101,135)Inventories (6,852,680)(3,616,165)Accounts payable (438,427)242,365Other payables and accrued expenses (1,287,497)(2,033,594)Advance from customers 1,693,953(529,984)Due to related parties(309,859)(140,697)Income tax payable 1,126,281(1,260,254)Net cash provided by operating activities 39,027,26137,908,728CASH FLOWS FROM INVESTING ACTIVITIES:Payment for property, plant and equipment(10,243,198)(11,912,603)Payment for intangible assets and land use right(1,227,914)(1,137,556)Dividend received-560,980Refund of deposits related to land use right1,635,200-Proceeds upon maturity of time deposit6,608,612-Proceeds from sale of property, plant and equipment
SOURCE China Biologic Products, Inc.
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