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China Cord Blood Corporation Reports Third Quarter and First Nine Months of Fiscal 2011 Financial Results
Date:2/28/2011

HONG KONG, Feb. 28, 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 unaudited financial results for the third quarter and first nine months of fiscal year 2011 ended December 31, 2010.

Third Quarter of Fiscal 2011 Highlights

  • Revenue increased 31.3% to RMB90.5 million ($13.7 million).
  • New subscriber sign-ups grew 25.4% to 14,765.
  • Gross profit increased 33.2% to RMB69.5 million ($10.5 million).
  • Gross margin expanded 110 basis points to 76.8%.
  • Operating income increased 38.8% to RMB34.8 million ($5.3 million).
  • Net income attributable to shareholders increased 29.4% to RMB25.9 million ($3.9 million).

  • Nine Months of Fiscal 2011 Highlights

  • Revenue increased 28.4% to RMB244.9 million ($37.1 million).
  • New subscriber sign-ups grew 21.9% to 40,877.
  • Gross profit increased 33.8% to RMB187.5 million ($28.4 million).
  • Gross margin expanded 310 basis points to 76.6%.
  • Operating income increased 20.9% to RMB87.4 million ($13.2 million).
  • Net income attributable to shareholders reached RMB65.4 million ($9.9 million).

  • "We are proud to achieve new revenue, profit and new subscriber records during the third fiscal quarter," said Ms. Ting Zheng, Chairperson and Chief Executive Officer of China Cord Blood Corporation. "Margins continued to expand, driven by growing contribution from recurring storage revenue and successful cost control measures. New subscriber number surpassed the 14,000 mark for the first time. These achievements are a testament to our successful market positioning as well as our effective market development stra
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    SOURCE China Cord Blood Corporation
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