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3SBio Inc. Announces Unaudited Second Quarter Results
Date:8/17/2010

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Net revenues from EPIAO for the first half of 2010 increased by 27.7% to RMB120.0 million (US$17.7 million) from RMB94.0 million (US$13.8 million) for same period in 2009. Net revenues from TPIAO in the first half of 2010 increased by 51.8% to RMB62.1 million (US$9.2 million) from RMB41.0 million (US$6.0 million) for the same period in 2009. In addition, revenue from our export business was RMB6.0 million (US$0.9 million), representing a decrease of 12.7% over the first half of 2009, while revenue from our IV Iron Sucrose supplement was RMB8.6 million (US$1.3 million), representing an increase of 71.6% over the first half of 2009.

Gross profit. Gross profit for the first half of 2010 increased by 33.2% to RMB183.3 million (US$27.0 million) from RMB137.6 million (US$20.1 million) for the same period in 2009. Gross margin decreased by 0.9% to 90.8% for the first half month months of 2010 from 91.7% for the same period in 2009.

Operating income. For the first half ended June 30, 2010, operating income increased by 22.3% to RMB56.1 million (US$8.3 million), compared to RMB45.9 million (US$6.7 million) for the same period in 2009. Operating margin for the first half ended June 30, 2010 was 27.8% as compared to 30.6% for the half months ended June 30, 2010.

Net income. GAAP net income for the first half of 2010 increased by 21.7% to RMB52.2 million (US$7.7 million) compared with RMB42.9 million (US$6.3 million) for the same period in 2009. GAAP net margin for the first half ended June 30, 2010 was 25.8% as compared to 28.6% for the same period in 2009. GAAP net income per ADS on a fully-diluted basis for the first half of 2010 increased to RMB2.37 (US$0.35) from RMB1.99 (US$0.29) for the same period in 2009.

Non-GAAP net income for the first half of 2010 increased by 13.7% to RMB52.2 million (US$7.7 million) compared with RMB45.9 million (US$6.7 million) for the same pe
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SOURCE 3SBio Inc.
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