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3SBio Inc. Announces Unaudited Third Quarter Results
Date:11/15/2010

SHENYANG, China, Nov. 15, 2010 /PRNewswire-Asia-FirstCall/ -- 3SBio Inc. (Nasdaq: SSRX) ("3SBio" or "the Company"), a leading China-based biotechnology company focused on researching, developing, manufacturing and marketing biopharmaceutical products, today announced its unaudited financial results for the third quarter ended September 30, 2010.

Third Quarter 2010 Financial Highlights:

  • Total net revenues increased by 24.9% over the third quarter of 2009 to RMB115.6 million (US$17.3 million).
  • Operating income decreased by 6.2% over the third quarter of 2009 to RMB26.8 million (US$4.0 million).
  • Net income decreased by 16.7% over the third quarter of 2009 to RMB22.4 million (US$3.4 million).
  • Net income per American Depositary Share ("ADS") on a fully-diluted basis for the third quarter of 2010 was RMB1.01 (US$0.15) compared with RMB1.25 (US$0.18) for the third quarter of 2009.

    • First Nine Months 2010 Financial Highlights:

  • Total net revenues in the first nine months of 2010 increased by 30.8% to RMB317.4 million (US$47.4 million) compared to RMB242.6 million (US$35.5 million) in the first nine months of 2009.
  • Operating income increased by 11.4% over the first nine months of 2009 to RMB82.9 million (US$12.4 million).
  • Net income increased by 6.9% over the first nine months of 2009 to RMB74.6 million (US$11.1 million).
  • Net income per ADS on a fully-diluted basis for the first nine months of 2010 was RMB3.39 (US$0.51) compared with RMB3.24 (US$0.47) for the first nine months of 2009.

    • Third Quarter 2010 Business Highlights

  • EPIAO, the Company's flagship injectable recombinant human erythropoietin ("EPO") product, demonstrated strong growth with net revenues from EPIAO in the third quarter of 2010 rising 22.6% to RMB69.4 million (US$10.4 million) compared to
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