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Concord Medical Announces First Quarter 2010 Financial Results
Date:5/27/2010

BEIJING, May 27 /PRNewswire-Asia-FirstCall/ -- Concord Medical Services Holdings Limited ("Concord Medical" or the "Company") (NYSE: CCM), the operator of the largest network of radiotherapy and diagnostic imaging centers in China, today announced its unaudited financial results for the first quarter ended March 31, 2010(1).

    First Quarter Fiscal 2010 Highlights

    -- Total net revenues in the first quarter of 2010 were RMB76.2 million
       ($11.2 million), a 36.6% increase from the corresponding period in 2009.
    -- Gross profit in the first quarter of 2010 was RMB49.1 million ($7.2
       million), a 30.4% increase from the corresponding period in 2009.
    -- Non-GAAP Net income(2) in the first quarter of 2010 was RMB24.2 million
       ($3.5 million), a 10.7% increase from the corresponding period in 2009.
    -- Both Non-GAAP basic and diluted earnings per American Depository Share
       ("ADS")(3) for the first quarter of 2010 were RMB0.49 ($0.07).
    -- Adjusted EBITDA(4) (non-GAAP) in the first quarter of 2010 was RMB57.9
       million ($8.5 million), a 19.8% increase from the corresponding period
       in 2009.
    -- Concord Medical opened one center in the first quarter of 2010,
       bringing the total number of centers in operation to 89 across 37
       cities in China, as of March 31, 2010. To date, the Company has entered
       into agreements to establish 38 new centers.
    -- The number of treatment patient cases and diagnostic patient cases was
       6,868 and 26,562 during the first quarter of 2010, respectively.
       Treatment patient cases increased by 18.2% from the corresponding
       period in 2009. Diagnostic patient cases increa
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SOURCE Concord Medical Services Holdings Limited
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