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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Sales $ 53,152,141 $ 53,124,050 $ 160,764,396 $ 150,817,850
Cost of sales 17,165,897 16,921,284 49,904,917 48,767,900
Gross profit 35,986,244 36,202,766 110,859,479 102,049,950
Operating expenses        
Selling expenses 2,551,245 3,545,378 6,829,365 12,536,727
General and administrative expenses 9,218,798 11,599,779 26,771,966 26,677,945
Research and development expenses 1,053,383 637,397 2,801,625 2,277,474
Income from operations 23,162,818 20,420,212 74,456,523 60,557,804
Other income/ (expenses)        
Equity in income of an equity method investee 642,579 744,976 1,382,524 2,219,279
Change in fair value of derivative liabilities 0 0 0 1,769,140
Interest expense (306,656) (223,992) (741,569) (990,190)
Interest income 1,320,263 561,761 2,964,082 1,870,873
Other income, net 0 449,815 0 347,029
Total other income, net 1,656,186 1,532,560 3,605,037 5,216,131
Earnings before income tax expense 24,819,004 21,952,772 78,061,560 65,773,935
Income tax expense 4,871,041 3,479,683 13,223,592 9,990,014
Net income 19,947,963 18,473,089 64,837,968 55,783,921
Less: Net income attributable to noncontrolling interest 5,251,940 4,855,939 19,064,159 16,370,694
Net income attributable to China Biologic Products, Inc. 14,696,023 13,617,150 45,773,809 39,413,227
Net income per share of common stock:        
Basic $ 0.55 $ 0.51 $ 1.71 $ 1.51
Diluted $ 0.53 $ 0.50 $ 1.64 $ 1.41
Weighted average shares used in computation:        
Basic 26,288,154 26,546,929 26,649,563 26,009,707
Diluted 27,449,081 27,018,904 27,780,005 26,741,713
Net income 19,947,963 18,473,089 64,837,968 55,783,921
Other comprehensive income:        
Foreign currency translation adjustment, net of nil income taxes 1,985,434 (86,731) 7,810,690 1,226,404
Comprehensive income 21,933,397 18,386,358 72,648,658 57,010,325
Less: Comprehensive income attributable to noncontrolling interest 5,586,905 4,926,035 20,469,852 16,692,803
Comprehensive income attributable to China Biologic Products, Inc. $ 16,346,492 $ 13,460,323 $ 52,178,806 $ 40,317,522