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UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Sales        
External customers $ 50,466,339 $ 41,664,996 $ 97,693,800 $ 76,060,234
Related party 0 462 0 76,046
Total sales 50,466,339 41,665,458 97,693,800 76,136,280
Cost of sales        
External customers 16,130,889 12,512,359 31,846,616 21,789,563
Related party 0 210 0 34,604
Cost of sales 16,130,889 12,512,569 31,846,616 21,824,167
Gross profit 34,335,450 29,152,889 65,847,184 54,312,113
Operating expenses        
Selling expenses 4,165,242 3,038,143 8,991,349 5,488,056
General and administrative expenses 7,932,372 7,665,306 15,078,166 15,129,447
Research and development expenses 929,489 1,218,977 1,640,077 1,929,968
Income from operations 21,308,347 17,230,463 40,137,592 31,764,642
Other (income) / expenses        
Equity in income of equity method investee (451,891) (463,688) (1,474,303) (734,082)
Change in fair value of derivative liabilities (559,758) (11,175,384) (1,769,140) (12,197,249)
Interest expense 157,635 2,300,601 766,198 3,981,523
Interest income (765,717) (269,594) (1,309,112) (439,725)
Other expenses, net 1,797 846,051 102,786 1,070,282
Total other income, net (1,617,934) (8,762,014) (3,683,571) (8,319,251)
Earnings before income tax expense 22,926,281 25,992,477 43,821,163 40,083,893
Income tax expense 3,333,616 5,317,249 6,510,331 9,580,465
Net income 19,592,665 20,675,228 37,310,832 30,503,428
Less: Net income attributable to the noncontrolling interest 6,753,894 4,075,523 11,514,755 7,594,748
Net income attributable to China Biologic Products, Inc. 12,838,771 16,599,705 25,796,077 22,908,680
Net income per share:        
Basic $ 0.5 $ 0.67 $ 1.00 $ 0.94
Diluted $ 0.46 $ 0.28 $ 0.90 $ 0.53
Weighted average shares used in computation:        
Basic 25,875,164 24,632,774 25,738,145 24,492,728
Diluted 26,627,160 26,738,279 26,581,824 26,802,683
Other Comprehensive income, net of nil income taxes        
Foreign currency translation adjustment 136,178 2,699,426 1,313,135 3,825,840
Comprehensive income 19,728,843 23,374,654 38,623,967 34,329,268
Less: Comprehensive income attributable to the noncontrolling interest 6,750,933 4,526,465 11,766,768 8,314,296
Comprehensive income attributable to China Biologic Products, Inc. $ 12,977,910 $ 18,848,189 $ 26,857,199 $ 26,014,972