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China Cord Blood Corporation Reports First Quarter Fiscal 2011 Financial Results
Date:9/10/2010

ular rate or at all.

For more information, please contact: China Cord Blood Corporation Ms. Joeling Law Tel: +852-3605-8180 Email: ir@chinacordbloodcorp.com ICR, LLC In New York: Ashley M. Ammon or Christine Duan Tel: +1-646-277-1227 In Beijing: Wen Lei Zheng Tel: +86-10-6599-7968 CHINA CORD BLOOD CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS For the Three Months Ended June 30, 2010 and 2009 Three months ended June 30, 2010 2009 US$ RMB RMB (in thousands except per share data) Revenues 10,572 71,696 57,928 Direct costs (2,544) (17,252) (16,256) Gross profit 8,028 54,444 41,672 Operating expenses Research and development (228) (1,543) -- Sales and marketing (1,488) (10,090) (7,041) General and administrative (2,868) (19,456) (11,576) Total operating expenses (4,584) (31,089) (18,617) Operating income 3,444 23,355 23,055 Other income/(expense), net Interest income 361 2,451 1,031 Interest expense (89) (606) (460) Exchange (loss)/gain (35) (237) 113 Write-off of deferred reverse recapitalization costs -- -- (21,566) Others 17 114 293 Total other income/(expense), net 254 1,722 (20,589) Income before income tax 3,698 25,077 2,466 Income tax expense (901) (6,110) (5,773) Net income/(loss) 2,797 18,967 (3,307) Income attributable to noncontrolling interests (204) (1,381) (1,285) Net income/(loss) attributable to shareholders 2,593 17,586 4,592 Net income/(loss) per share: Attributable to ordinary shares -Basic 0.04 0.26 (0.18) -Diluted 0.04 0.26 (0.18) Attributable to redeemable ordinary shares -Basic -- -- 0.22 -Diluted -- -- 0.22 CHINA CORD BLOOD CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS As of June 30 and March 31, 2010 June 30, March 31, 2010 2010 US$ RMB RMB (in thousands except share data) ASSETS Current assets Cash and cash equivalents 47,676 323,315 280,835 Accounts receivable, less allowance for doubtful accounts (June 30, 2010: RMB8,706; March 31, 2010: RMB8,016) 7,94
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