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

nue to explore new promotion initiatives by developing and modifying our payment schemes to best fit subscribers' needs and tailor our corporate goals to capitalize on new market opportunities. We strive to maximize shareholder value by delivering solid operational performance, stable and recurring cash flows as well as sustainable earnings growth over the long term. "

Nine Months Fiscal 2011 Financial ResultsFor first nine months of fiscal 2011, total revenue increased 28.4% to RMB244.9 million ($37.1 million), from RMB190.7 million last year. The increase was largely attributable to the 21.9% increase in new subscribers to 40,877 and the expansion in the accumulated subscriber base to 170,189. During the first nine months, processing fees and storage fees grew 23.0% and 53.9%, respectively. Gross profit in the first nine months of fiscal 2011 increased 33.8% to RMB187.5 million ($28.4 million) from RMB140.1 million in the prior year period.  During the first nine months of fiscal 2011, operating income increased to RMB87.4 million ($13.2 million). Net income attributable to shareholders for the first nine months of fiscal 2011 was RMB65.4 million ($9.9 million). Basic earnings per ordinary share were RMB0.96 ($0.15).

Conference Call The Company will hold a teleconference at 8:00 p.m. ET on Monday, February 28, 2010 to discuss its financial performance and give a brief overview of the Company's recent developments, followed by a question and answer session.  Interested parties may access the audio webcast through the following link: http://investor.chinacordbloodcorp.com/playerlink.zhtml?c=206671&s=wm&e=3696924. A replay of the webcast will be accessible two hours after the presentation and available for three weeks at the same URL link above.  Listeners may also access the call by dialing 1-718-354-1231 or
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SOURCE China Cord Blood Corporation
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