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3SBio Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2007 Results
Date:2/20/2008

et revenues increased to 10.2% in 2007 from 9.6% in 2006.

The increase in general and administrative expense in the fourth

quarter and fiscal year 2007 was primarily attributable to higher

personnel costs and bonuses as a result of the increase in headcount.

Operating Income. As a result of the foregoing, operating income decreased by 29.6% to RMB6.1 million (US$0.8 million) in the fourth quarter 2007 from RMB8.7 million for the same period in 2006. Operating margin decreased to 13.4% in the fourth quarter 2007 as compared to 24.8% for the same period in 2006.

Operating income increased by 32.9% to RMB48.5 million (US$6.7 million) in 2007 from RMB36.5 million in 2006. Operating margin decreased to 26.9% in 2007 from 28.6% in 2006.

Other Expense/Income, Net. We recorded other income, net, of RMB9.5 million (US$1.3 million) in fourth quarter 2007 as compared to other expenses, net for the same period in 2006.

We recorded other income, net, of RMB36.5 million (US$5.0 million) in 2007 as compared to other expenses, net, of RMB0.9 million for 2006. We recorded other income, net as compared to other expenses, net due primarily to interest income from the net proceeds we received in our IPO in February 2007 and a decrease in interest expense as our borrowings were fully repaid in 2007.

Income Before Income Tax Expense and Minority Interests. As a result of the foregoing, our income before income tax expense and minority interests increased by 79.2% to RMB15.6 million (US$2.1 million) in the fourth quarter 2007 from RMB8.7 million for the same period in 2006.

Our income before income tax expense and minority interests increased by 138.3% to RMB85.0 million (US$11.7 million) in 2007 from RMB35.7 million in 2006.

Income Tax Expense. We had an income tax credit of RMB2.2 million (US$0.3 million) in the fourth quarter 2007 as compared to an income tax expense of RMB1.6 million for the same period in 2006
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SOURCE 3SBio Inc.
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