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Sinovac Reports Unaudited First Quarter 2012 Financial Results
Date:5/15/2012

ents. Statements that are not historical facts, including statements about Sinovac's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Sinovac does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Helen Yang/Chris Lee
Sinovac Biotech Ltd.
Tel:  +86-10-8279-9871/9659
Fax:  +86-10-6296-6910
Email: ir@sinovac.com

Investors:
Stephanie Carrington
The Ruth Group
Tel:  +1-646-536-7017
Email: scarrington@theruthgroup.com

Media:
Victoria Aguiar
The Ruth Group
Tel:  +1-646-536-7013
Email: vaguiar@theruthgroup.com

 SINOVAC BIOTECH LTD.Incorporated in Antigua and  BarbudaConsolidated Balance SheetsMarch 31, 2012 and 2011(Expressed in U.S. Dollars)March 31, 2012December 31, 2011ASSETSCurrent assets  Cash and cash equivalents

$

94,489,647

$

104,286,695  Accounts receivable - net19,230,43817,834,407  Inventories9,285,3828,113,428  Prepaid expenses and deposits1,077,5171,804,555Total current assets124,082,984132,039,085Property, plant and equipment77,514,16975,627,881Long-term inventories5,393,5025,248,237Long-term prepaid expenses377,199408,656Prepayments for acquisition of equipment301,936828,902Deferred tax assets424,664419,114Licenses and permits1,314,4231,336,254Total assets$209,408,877$215,908,129LIABILITIES AND EQUITYCurrent liabilities  Loans payable

$

4,743,308

$

4,713,498  Accounts payable and accrued liabilities25,515,31129,522,495Income tax payable3,373,5893,351,127Deferred
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SOURCE Sinovac Biotech Ltd.
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