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Basis of Presentation
12 Months Ended
Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Basis of Presentation

1.

Basis of Presentation

These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”). They include the accounts of Sinovac Biotech Ltd., which is incorporated under the laws of Antigua and Barbuda, and its wholly owned or controlled subsidiaries (collectively, the “Company”). All significant intercompany transactions have been eliminated. Details of the Company’s subsidiaries are as follows:

 

Name

 

Date of

incorporation or

establishment

 

Place of

incorporation

(or establishment)

/operation

 

Percentage of

ownership

as of

December

31, 2018

 

 

Percentage of

ownership

as of

December

31, 2017

 

 

Principal activities

Sinovac Biotech (Hong Kong) Ltd.

   (“Sinovac Hong Kong”)

 

October 2008

 

Hong Kong

 

 

100

%

 

 

100

%

 

Investment holding

company

Sinovac Biotech Co., Ltd. (“Sinovac

   Beijing”)

 

April 2001

 

People’s

Republic of

China (“PRC”)

 

 

73.09

%

 

 

73.09

%

 

Research and

development,

production and sales

of vaccine products

Sinovac Research & Development

   Co., Ltd. (“Sinovac R&D”)

 

May 2009

 

PRC

 

 

100

%

 

 

100

%

 

Research and

development of

vaccine products

Sinovac (Dalian) Vaccine Technology

   Co., Ltd.(“Sinovac Dalian”)

 

January 2010

 

PRC

 

 

67.86

%

 

 

67.86

%

 

Research and

development,

production and sales

of vaccine products

Sinovac Biomed Co., Ltd.

 

April 2015

 

PRC

 

 

100

%

 

 

100

%

 

Distribution of vaccine

products