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China Cord Blood Corporation Reports Financial Results for Third Quarter and First Nine Months of Fiscal 2010
Date:3/5/2010

the third quarter of fiscal 2010 increased 56.3% to RMB20.0 million (USD2.9 million) from RMB12.8 million year-on-year. -- Net revenue in the first nine months of fiscal 2010 increased 38.5% to RMB190.7 million (USD27.9 million) from RMB137.7 million last year. -- New subscriber sign-ups during the first nine months of fiscal 2010 increased 36.1% to 33,523 subscribers from 24,631 in the first nine months of fiscal 2009. -- Net income attributable to shareholders for the first nine months of fiscal 2010 increased to RMB33.0 million (USD4.8 million) compared to RMB0.6 million in the first nine months of fiscal 2009. -- On February 24, 2010, CCBC entered into agreement to acquire an effective interest of 19.92% in the Shandong Cord Blood Bank ("SCBB"), the exclusive cord blood bank operator for the Shandong province in China. Inclusive of the latest acquisition, the Company has gained exclusive strategic access into the Beijing municipality, Guangdong province and Shandong province, namely three of the six licenses issued by Ministry of Health of China. China Government adopts one license per region policy which means license holder will be the exclusive operator providing cord blood services in these markets. Summary - The quarter and nine months ended December 31, 2009 and 2008 Three Months Ended Nine Months Ended December 31, December 31, 2009 2008 2009 2008 USD('000) RMB('000) RMB('000) USD('000) RMB('000) RMB('000) Revenue 10,095 68,905 55,795 27,941 190,731 137,730 Gross Profit 7,644 52,178 42,234 20,526 140,116 101,994 Operating Income 3,676 25,093 24,880 10,590 72,292 58,615 Non-GAAP E
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SOURCE China Cord Blood Corporation
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