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

> Operating expenses. Non-GAAP operating expenses were RMB54.7 million (US$8.0 million) for the fourth quarter of 2009, an increase of 12.9% from RMB48.5 million (US$7.1 million) for the same period in 2008. GAAP operating expenses were RMB58.1 million (US$8.5 million) for the fourth quarter of 2009, an increase of 2.4% from RMB56.7 million (US$8.3 million) for the same period in 2008.

    -- Research and development ("R&D") costs. Non-GAAP R&D costs for the
       fourth quarter of 2009 were RMB4.3 million (US$0.6 million), or 5.7% of
       net revenue, compared to RMB5.3 million (US$0.8 million), or 8.9% of
       net revenue, for the same period in 2008. GAAP R&D costs for the fourth
       quarter of 2009 were RMB5.1 million (US$0.7 million), or 6.9% of net
       revenue, compared to RMB12.4 million (US$1.8 million), or 20.7% of net
       revenue, for the same period in 2008.
    -- Sales, marketing and distribution expenses. Non-GAAP sales, marketing
       and distribution expenses for the fourth quarter of 2009 were
       RMB40.8 million (US$6.0 million), or 55.0% of net revenue, compared to
       RMB38.0 million (US$5.6 million), or 63.3% of net revenue, for the same
       period in 2008. GAAP sales, marketing and distribution expenses for the
       fourth quarter of 2009 were RMB40.9 million (US$6.0 million), or 55.1%
       of net revenue, compared to RMB38.3 million (US$5.6 million), or 63.8%
       of net revenue, for the same period in 2008.
    -- General and administrative expenses. Non-GAAP general and
       administrative expenses for the fourth quarter of 2009 were
       RMB9.7 million (US$1.4 million), or 13.0% of net revenue, compared to
       RMB5.1 million (US$0.8 million),
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SOURCE  3SBio Inc.
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