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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current Assets    
Cash $ 131,723,186 $ 89,411,835
Short-term investment 2,727,509 0
Accounts receivable, net of allowance for doubtful accounts 14,961,521 16,757,368
Inventories 68,243,398 71,338,590
Other receivables 1,574,434 2,594,461
Prepayments and prepaid expenses 2,557,452 1,591,696
Deferred tax assets 1,905,210 1,999,563
Total Current Assets 223,692,710 183,693,513
Property, plant and equipment, net 39,153,534 40,546,539
Intangible assets, net 4,279,035 6,520,671
Land use rights, net 5,838,420 5,487,343
Prepayments and deposits for property, plant and equipment 9,391,850 4,287,492
Receivable related to land use right 13,202,220 0
Equity method investment 10,066,951 8,357,017
Total Assets 305,624,720 248,892,575
Current liabilities    
Short-term bank loans 11,081,000 11,018,000
Accounts payable 3,922,947 4,996,463
Due to related parties 4,047,780 3,319,938
Other payables and accrued expenses 25,583,002 30,661,794
Advance from customers 3,941,270 4,365,523
Advance from customers - a related party 0 486,602
Income tax payable 5,921,081 5,373,633
Other taxes payable 2,322,662 2,189,913
Derivative liabilities - warrants 0 5,410,419
Total Current Liabilities 56,819,742 67,822,285
Other payable 343,821 343,477
Deferred tax liabilities 1,074,380 1,685,772
Total Liabilities 58,237,943 69,851,534
Stockholders' Equity    
Common stock: par value $.0001; 100,000,000 shares authorized; 26,568,625 and 25,601,125 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively 2,657 2,560
Additional paid-in capital 60,173,625 48,838,311
Retained earnings 113,334,038 73,920,811
Accumulated other comprehensive income 13,654,977 12,750,682
Total stockholders' equity attributable to China Biologic Products, Inc. 187,165,297 135,512,364
Noncontrolling interest 60,221,480 43,528,677
Total Equity 247,386,777 179,041,041
Commitments and contingencies 0 0
Total Liabilities and Equity $ 305,624,720 $ 248,892,575