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

ent.com/prnews?Page=Quote&Ticker=CO"> 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 unaudited financial results for the first fiscal quarter ended June 30, 2010.

Highlights -- Net revenue increased 23.8% to RMB71.7 million ($10.6 million). -- Fiscal 2011 first quarter new subscriber sign-ups grew 17.3% to 12,180, exceeding the 12,000 mark for the first time. -- Gross profit rose to RMB54.4 million ($8.0 million) and gross margin improved four percentage points to 75.9%. -- Operating income reached RMB23.4 million ($3.4 million). -- RMB17.6 million ($2.6 million) net income attributable to shareholders compared to a net loss of RMB4.6 million in the prior year period. -- Completed the investment in 19.9% equity interest in the Shandong cord blood bank operator in May 2010. Summary - The quarter ended June 30, 2009 and 2010 Three Months Ended June 30, 2010 2009 USD('000) RMB('000) RMB('000) Revenue 10,572 71,696 57,928 Gross Profit 8,028 54,444 41,672 Operating Income 3,444 23,355 23,055 Net Income/(Loss) Attributable to Shareholders 2,593 17,586 (4,592) EPS Attributable to Ordinary Shares - Basic (USD/RMB) 0.04 0.26 (0.18) Revenue Breakdown (%) Processing Fee 79.1% 84.1% Storage Fee 20.9% 15.9% New Subscribers (persons) 12,180 10,381 Accumulated Total Number of Subscribers (persons) 141,492 94,441

"We are very pleased with our solid performance in the first quarter of fiscal 2011," said Ms. Ting Zheng, Chairperson and Chief Executive Officer of China Cord Blood Corporation. "We have started off a new fiscal year with a record number of new subscribers and such continued accelerated growth in our business affirms our belief that fiscal 2011 will be another remarkable year. Our sales force and hospital network continue to expand reflecting our commitment to further market penetration and deepening our market
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SOURCE China Cord Blood Corporation
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