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

ranslation adjustment, net of nil income taxes 1,985,434(86,731)7,810,6901,226,404Comprehensive income 21,933,39718,386,35872,648,65857,010,325Less: Comprehensive income attributable to noncontrolling interest 5,586,9054,926,03520,469,85216,692,803Comprehensive income attributable to China Biologic Products, Inc. 16,346,49213,460,32352,178,80640,317,522 CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETSSeptember 30, December 31, 20132012USDUSDASSETS Current Assets Cash and cash equivalents131,496,674129,609,317Accounts receivable, net of allowance for doubtful accounts 22,404,53411,206,244Inventories 83,676,77375,679,173Prepayments and other current assets6,480,9465,664,919Total Current Assets 244,058,927222,159,653Property, plant and equipment, net 67,126,06351,325,177Intangible assets, net 2,840,5503,541,582Land use rights, net 7,038,7675,818,709Deposits related to land use rights16,772,06314,752,574Restricted cash and deposit32,064,9622,912,145Equity method investment 11,652,36610,537,310Total Assets 381,553,698311,047,150LIABILITIES AND STOCKHOLDERS' EQUITY Current LiabilitiesShort-term bank loans 4,890,0007,935,000Accounts payable 4,060,5502,908,624Due to related parties 4,208,5824,081,624Other payables and accrued expenses 29,625,32225,423,349Advance from customers 2,100,9062,857,420Income tax payable 5,483,7344,513,075Total Current Liabilities 50,369,09447,719,092Long-term bank loans30,000,000-Deferred income2,991,0502,912,145Other liabilities 3,468,5752,996,749Total Liabilities 86,828,71953,627,986Stockholders' Equity Common stock: par value $0.0001; ,000,000 shares authorized; 27,046,556 and 26,629,615 shares issued at September 30, 2013 and December 31, 2012, respectively; 25,566,852 and 26,629,615 shares outstanding at September 30, 2013 and Dece
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SOURCE China Biologic Products, Inc.
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