3SBio Inc. Announces Unaudited Fourth Quarter and Fiscal Year 20... (http://www.sec.gov particularly informa...)

3SBio Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2008 Results

Date:3/11/2009

http://www.sec.gov , particularly information set forth in Item 3.D "Risk Factors" in 3SBio's annual report on Form 20-F for the year ended Dec. 31, 2007, as continually amended and updated. 3SBio undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.



                         3SBio Inc. and Subsidiaries
                    Unaudited Consolidated Balance Sheets

    (expressed in thousands)              December 31 December 31  December 31
                                              2007       2008          2008
                                               RMB        RMB           US$
    Assets

    Current assets

    Cash and cash equivalents               811,026     439,237       64,380
    Time deposits with financial
     institutions                                --     293,809       43,065
    Accounts receivable, less
     allowance for doubtful
     accounts:
    December 31, 2007 - RMB5,257;
     December 31, 2008 RMB4,503 (US$660)     55,186      73,767       10,812
    Inventories                               6,882       7,748        1,136
    Prepaid expenses and other
     receivables                             12,074       8,249        1,209
    Structured deposits                       3,527          --           --
    Deferred tax assets                       2,335       1,802          264

    Total current assets                    891,030     824,612      120,866

    Available-for-sale securities            15,196      26,700        3,914
    Property, plant and equipment, net       49,465      78,185       11,459
    Lease prepayments                         9,247       8,894        1,304
    Non-current deposits                      6,124       8,521        1,249
    Intangible assets, net                       --       5,225          766
    Income ta
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SOURCE  3SBio Inc.
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3SBio Inc. Announces Unaudited Fourth Quarter and Fiscal Year 20...(http://www.sec.gov particularly informa...)