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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Sales $ 53,580,523 $ 50,466,339 $ 107,612,255 $ 97,693,800
Cost of sales 16,122,262 16,130,889 32,739,020 31,846,616
Gross profit 37,458,261 34,335,450 74,873,235 65,847,184
Operating expenses        
Selling expenses 2,441,727 4,165,242 4,278,120 8,991,349
General and administrative expenses 8,866,071 7,932,372 17,553,168 15,078,166
Research and development expenses 835,150 929,489 1,748,242 1,640,077
Income from operations 25,315,313 21,308,347 51,293,705 40,137,592
Other income/ (expenses)        
Equity in income of an equity method investee 610,997 451,891 739,945 1,474,303
Change in fair value of derivative liabilities 0 559,758 0 1,769,140
Interest expense (198,739) (157,635) (434,913) (766,198)
Interest income 995,757 765,717 1,643,819 1,309,112
Other expenses, net 0 (1,797) 0 (102,786)
Total other income, net 1,408,015 1,617,934 1,948,851 3,683,571
Earnings before income tax expense 26,723,328 22,926,281 53,242,556 43,821,163
Income tax expense 3,745,649 3,333,616 8,352,551 6,510,331
Net income 22,977,679 19,592,665 44,890,005 37,310,832
Less: Net income attributable to noncontrolling interest 6,815,753 6,753,894 13,812,219 11,514,755
Net income attributable to China Biologic Products, Inc. 16,161,926 12,838,771 31,077,786 25,796,077
Net income per share of common stock:        
Basic $ 0.60 $ 0.50 $ 1.15 $ 1.00
Diluted $ 0.57 $ 0.46 $ 1.11 $ 0.90
Weighted average shares used in computation:        
Basic 26,880,459 25,875,164 26,833,262 25,738,145
Diluted 28,067,303 26,627,160 27,967,080 26,581,824
Net income 22,977,679 19,592,665 44,890,005 37,310,832
Other comprehensive income:        
Foreign currency translation adjustment, net of nil income taxes 4,428,715 136,178 5,825,256 1,313,135
Comprehensive income 27,406,394 19,728,843 50,715,261 38,623,967
Less: Comprehensive income attributable to noncontrolling interest 7,723,790 6,750,933 14,882,947 11,766,768
Comprehensive income attributable to China Biologic Products, Inc. $ 19,682,604 $ 12,977,910 $ 35,832,314 $ 26,857,199