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Basis of Presentation
12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
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, 2016
 
 
Percentage of
ownership as of
December 31, 2015
 
 
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”) (note 21)
 
April 2001
 
People’s Republic of China (“PRC”)
 
 
73.09
%
 
 
73.09
%
 
Research and development, production and sales of vaccine products
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tangshan Yian Biological Engineering Co., Ltd. (“Tangshan Yian”)
 
February 1993
 
PRC
 
 
0
%
 
 
100
%
 
Research and development, production and sales of vaccine products
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sinovac Biological Technology Co., Ltd. (“Sinovac R&D”)
 
May 2009
 
PRC
 
 
100
%
 
 
100
%
 
Research and development of vaccine products
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sinovac (Dalian) Vaccine Technology Co., Ltd. (“Sinovac Dalian”) (note 21)
 
January 2010
 
PRC
 
 
67.86
%
 
 
55
%
 
Research and development, production and sales of vaccine products
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sinovac Biomed Co., Ltd.
 
April 2015
 
PRC
 
 
100
%
 
 
100
%
 
Distribution of vaccine products