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

span">190,66083,731Net cash used in investing activities(3,036,640)(12,405,448)CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from stock option exercised1,643,5592,668,916Proceeds from short term bank loans-4,808,400Repayment of short term bank loans(4,905,600)(8,014,000)Proceeds from long-term bank loans70,000,000-Payment for deposits as security for long-term bank loans(72,290,922)-Payment for share repurchase(70,000,000)-Acquisition of noncontrolling interest-(1,963,913)Excess tax benefits from share-based compensation arrangements 760,869-Dividend paid by subsidiaries to noncontrolling interest shareholders(1,409,542)(8,110,168)Net cash used in financing activities (76,201,636)(10,610,765)EFFECTS OF FOREIGN EXCHANGE RATE CHANGE ON CASH (703,847)2,762,616NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS(40,914,862)17,655,131Cash and cash equivalents at beginning of period144,138,487
SOURCE China Biologic Products, Inc.
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