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

red government grant recognized in income(68,965)(65,855)(137,447)(131,685) - accretion expenses102,564-204,409-  - accounts receivable4,330,944(3,389,051)4,377,521(1,559,320)  - inventories(345,299)(4,705,960)(2,626,987)(8,477,709)  - income tax payable(402,540)(2,070,272)(505,933)(4,698,680)  - prepaid expenses and deposits(501,030)31,019(511,790)(304,751)  - deferred revenue and advances   from customers(3,014,970)(3,217,309)(3,317,650)(374,556)  - accounts payable and accrued liabilities(1,308,444)4,044,222(4,186,558)(5,133,166)Net cash provided by (used in) operating activities3,414,490(6,868,285)(4,276,777)(17,014,706)Cash flows from (used in) financing activities  - Loan proceeds1,881,372-1,881,3728,265,031  - Loan repayment(1,374,424)(14,777,424)(1,374,424)(14,777,424)  - Proceeds from issuance of common stock net of share issuance cost251,83947,395536,54861,915,101  - Repayment from (loan to) non-controlling shareholder of Sinovac Beijing-3,285,4643,397,522(3,286,695)  - Subscriptions received8,4804,8008,4804,800  - Dividends paid to non-controlling shareholder of-(3,285,902)(5,862,676)(3,285,902)Sinovac Beijing  - Due from non-controlling shareholder of  Sinovac Dalian-519,075-519,075  - Government grant received7,636189,0077,636235,818Net cash provided by (used in) financing activities774,903(14,017,585)(1,405,542)49,589,804Cash flows used in investing activities - Restricted cash-(302,038)-(244,077) - Proceeds from disposal of equipment-1,594-191,470 - Proceeds from redemption of short-term investments1,547,030-1,547,0307,314,187 - Purchase of short-term investments(22,431,931)(1,610,984)(22,431,931)(9,949,157) - Prepayments for acquisition of new facility---(8,265,031) - Acquisition of property, plant and equipment(4,544,793)(1,649,336)(5,698,141)(2,097,501)Net cash used in investing activities(25,429,694)(3,560,764)(26,583,042)(13,050,109)Exchange effect on cash and cash e
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SOURCE Sinovac Biotech Ltd.
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