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Sinovac Reports Unaudited Second Quarter 2011 Financial Results
Date:8/12/2011

>

(1,786,977)

$

348,028Other comprehensive income Foreign currency translation adjustment1,172,743428,8442,012,310437,567Total comprehensive income3,050,4411,989,570225,333785,595Less: comprehensive income (loss) attributable to non-controlling 
interests725,100630,326(3,375)(273,585)Comprehensive income attributable to stockholders$

2,325,341

$

1,359,244

$

228,708

$

1,059,180Basic and diluted earnings (loss) per share $

0.02

$

0.02

$

(0.03)

$

0.01Weighted average number of sharesof common stock outstanding  - Basic54,572,16454,140,10454,509,60052,053,219 - Diluted55,213,76655,124,89554,509,60053,178,006SINOVAC BIOTECH LTD.Consolidated Statements of Cash FlowsThree Months and Six Months Ended June 30, 2011 and 2010(Unaudited)(Expressed in U.S. Dollars)Three Months ended June 30Six Months ended June 302011 2010 2011 2010 Cash flows from (used in) operating activities  Net income(loss) for the period

$

1,877,699

$

1,560,726

$

(1,786,977)

$

348,028  Adjustments to reconcile net income to net cash from(used by) operating activities:  - deferred income taxes1,460,463(554,811)1,770,885137,709  - write-off of equipment and loss (gain) on disposal(41,210)132,316(33,506)819,411  - stock-based compensation67,97199,232100,633202,896  - inventory provision-240,859-257,065  - depreciation of property, plant and equipment, and amortization of licenses and permits1,399,348990,0972,592,0541,881,104  - research and development expenditures qualifying for government grant(142,041)36,502(215,431)18,948  - defer
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SOURCE Sinovac Biotech Ltd.
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