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3SBio Inc. Announces Unaudited Fourth Quarter and Full Year 2009 Results
Date:2/11/2010

ompared to 91.1% in 2008.

Operating expenses. Non-GAAP operating expenses were RMB201.3 million (US$29.5 million) for 2009, an increase of 24.1% from RMB162.1 million (US$23.8 million) in 2008. GAAP operating expenses were RMB207.3 million (US$30.4 million) for 2009, an increase of 19.3% from RMB173.7 million (US$25.5 million) in 2008.

    -- Research and development ("R&D") costs. Non-GAAP R&D costs for 2009
       were RMB18.2 million (US$2.7 million), or 5.7% of net revenue, compared
       to RMB15.0 million (US$2.2 million), or 6.2% of net revenue in 2008.
       GAAP R&D costs for 2009 were RMB19.4 million (US$2.8 million), or 6.1%
       of net revenue, compared to RMB22.5 million (US$3.3 million), or 9.2%
       of net revenue in 2008.
    -- Sales, marketing and distribution expenses. Non-GAAP sales, marketing
       and distribution expenses for 2009 were RMB151.1 million
       (US$22.1 million), or 47.7% of net revenue, compared to RMB118.8million
       (US$17.4 million), or 48.8% of net revenue in 2008. GAAP sales,
       marketing and distribution expenses for 2009 were RMB151.7 million
       (US$22.2 million), or 47.9% of net revenue, compared to
       RMB119.8 million (US$17.6 million), or 49.2% of net revenue in 2008.
    -- General and administrative expenses. Non-GAAP general and
       administrative expenses for 2009 were RMB32.0 million (US$4.7 million),
       or 10.1% of net revenue, compared to RMB28.4 million (US$4.2 million),
       or 11.7% of net revenue in 2008. GAAP general and administrative
       expenses for 2009 were RMB36.2 million (US$5.3 million), or 11.4% of
       net revenue, compared to RMB31.5 million (US$4.6 million), or 12.9% of
       net re
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SOURCE 3SBio Inc.
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