Cash and cash equivalents / Time deposits. 3SBio had positive operating cash flows of RMB34.3 million (US$5.1 million) for the second quarter 2010, and as of June 30, 2010 retained a strong balance sheet with cash, cash equivalents, restricted cash and time deposits of RMB749.3 million (US$110.5 million), a 0.1% increase from RMB740.5 million (US$108.5 million) as of December 31, 2009.
2010 Full Year Guidance
Based on current market conditions and visibility provided during the second quarter, the Company reiterates its total net revenue target for the full year of 2010 of between US$56 million to US$60 million, resulting in a year-over-year increase of approximately 21% to 29%.
3SBio's senior management will host a conference call at 5:00 am (Pacific) / 8:00 am (Eastern) / 8:00 pm (Beijing/Hong Kong) on August 18, 2010 to discuss its 2010 second quarter financial results and recent business activity. The conference call may be accessed using the dial-in numbers below:
Conference ID: 92606068 Local dial-in: China landline 800-819-0121 China mobile 400-620-8038 Hong Kong 852-2475-0994 International toll-free dial-in: Hong Kong 800930346 United Kingdom 080-8234-6646 United States 1-866-519-4004 International toll dial-in: 65 6723 9381 Replay- Conference ID: 92606068 A telephone replay will be available two hours after the call until August 24, 2010, at: International dial-in: 61-2-8235-5000 United States dial-in: 1-866-214-5335
|SOURCE 3SBio Inc.|
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