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China Cord Blood Corporation Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2011

HONG KONG, June 10, 2011 /PRNewswire-Asia-FirstCall/ -- China Cord Blood Corporation (NYSE: CO) ("CCBC" or the "Company"), China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing, and stem cell storage services, today announced preliminary unaudited financial results for the fourth quarter and fiscal year of 2011, which ended March 31, 2011.

Fourth Quarter of Fiscal 2011 Highlights

  • Revenue in the fourth quarter of fiscal 2011 increased 33.7% to RMB94.7 million ($14.5 million) from RMB70.8 million in the fourth quarter of fiscal 2010.
  • New subscriber sign-ups reached 15,641 during the quarter.
  • Gross profit increased 34.1% to RMB74.7 million ($11.4 million) from RMB55.7 million from the prior year period.
  • Gross margin reached 78.9%, comparing to 78.7% for the prior year period.
  • Operating income increased 46.3% to RMB36.4 million ($5.6 million) from RMB24.9 million in the prior year period.
  • Net income attributable to shareholders increased 62.8% to RMB26.3 million ($4.0 million) from RMB16.1 million in the prior year period.

  • Fiscal Year 2011 Highlights

  • Revenue for fiscal 2011 increased 29.8% to RMB339.5 million ($51.9 million) from RMB261.5 million last year.
  • New subscriber sign-ups grew 24.9% to 56,518 from 45,252 in fiscal 2010.
  • Gross profit increased 33.9% to RMB262.2 million ($40.0 million) from RMB195.8 million in fiscal 2010.
  • Gross margin continued to expand to 77.2% from 74.9% in fiscal 2010.
  • Operating income increased 27.4% to RMB123.8 million ($18.9 million) from RMB97.2 million in fiscal 2010.
  • Net income attributable to shareholders increased 86.5% to RMB91.7 million ($14.0 million) from RMB49.2 million in fiscal 2010.

  • "We achieved a triumph in the fiscal year of 2011 with impressive operat

    SOURCE China Cord Blood Corporation
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