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Winner Medical Reports Second Quarter Results for the Fiscal Year 2010
Date:5/11/2010

    SHENZHEN, China, May 11, 2010 /PRNewswire-Asia/ --

    -- Revenue increased 26.4% to $26.1 million
    -- Net income increased 62.8% to $2.7 million; Net margins increased more
       than 200 basis points to 10.3%; Adjusted diluted EPS increased 78.6% to
       $0.14 Year Over Year
    -- Sales of PurCotton(R) products increased 71.1% to $1.9 Million
    -- Adjusted EPS for the first six months increased to $0.32 from $0.15 of
       the first six months in fiscal year 2009

Winner Medical Group Inc. (Nasdaq: WWIN; "Winner Medical"), a leading manufacturer of medical dressings, medical disposables and non-woven PurCotton(R) materials for the medical and consumer products industries in China, today reported that second quarter fiscal year 2010 revenue increased 26.4% to $26.1 million, net income increased 62.8% to $2.7 million and diluted earnings per share increased 71.4% to $0.12. Adjusted net income (non-GAAP), which excludes share-based compensation expenses, increased 78.6% to $3.1 million for the second quarter of fiscal 2010, and adjusted diluted earnings per share (non-GAAP), which exclude share-based compensation expenses, increased 75.0% to $0.14 in the second quarter.

Second Quarter Fiscal 2010 and Half Year Fiscal 2010 Summary (in millions of U.S. dollar, except per share data)

                     Q2        Q2               Half Year   Half Year
                   FY2010    FY2009    Y/Y       FY2010       FY2009     Y/Y
    Net Sales       $26.1    $20.6    26.4%      $55.9        $46.4     20.5%
    Cost of Sales   $18.7    $14.8  
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SOURCE Winner Medical Group Inc.
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