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China Biologic Reports Financial Results for the Third Quarter and First Nine Months of 2013
Date:11/5/2013

>Financial statements follow.

 CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEFor the three months ended For the nine months ended September 30, September 30,September 30,September 30,2013201220132012USDUSDUSDUSDSales53,152,14153,124,050160,764,396150,817,850Cost of sales17,165,89716,921,28449,904,91748,767,900Gross profit 35,986,24436,202,766110,859,479102,049,950Operating expenses Selling expenses2,551,2453,545,3786,829,36512,536,727General and administrative expenses 9,218,79811,599,77926,771,96626,677,945Research and development expenses 1,053,383637,3972,801,6252,277,474Income from operations 23,162,81820,420,21274,456,52360,557,804Other income/ (expenses)Equity in income of an equity method investee 642,579744,9761,382,5242,219,279Change in fair value of derivative liabilities ---1,769,140Interest expense (306,656)(223,992)(741,569)(990,190)Interest income1,320,263561,7612,964,0821,870,873Other income, net -449,815-347,029Total other income, net 1,656,1861,532,5603,605,0375,216,131Earnings before income tax expense 24,819,00421,952,77278,061,56065,773,935Income tax expense 4,871,0413,479,68313,223,5929,990,014Net income 19,947,96318,473,08964,837,96855,783,921Less: Net income attributable to noncontrolling interest 5,251,9404,855,93919,064,15916,370,694Net income attributable to China Biologic Products, Inc. 14,696,02313,617,15045,773,80939,413,227Net income per share of common stock: Basic 0.550.511.711.51Diluted 0.530.501.641.41Weighted average shares used in computation: Basic 26,288,15426,546,92926,649,56326,009,707Diluted 27,449,08127,018,90427,780,00526,741,713Net income 19,947,96318,473,08964,837,96855,783,921Other comprehensive income :Foreign currency t
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SOURCE China Biologic Products, Inc.
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