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3SBio Inc. Announces Unaudited First Quarter 2009 Results
Date:5/19/2009

SHENYANG, China, May 19 /PRNewswire-Asia-FirstCall/ -- 3SBio Inc. (Nasdaq: SSRX) ("3SBio" or "the Company"), a leading China-based biotechnology company focused on researching, developing, manufacturing and marketing biopharmaceutical products, today announced its unaudited financial results for the first quarter ended March 31, 2009.

    First Quarter 2009 Financial Highlights:
    -- Total net revenues increased 23.7% over the first quarter of 2008 to
       RMB68.6 million (US$10.0 million).
    -- Operating income (non-GAAP) for the first quarter of 2009 was
       RMB20.6 million (US$3.0 million), an increase from RMB14.6 million
       (US$2.1 million) for the first quarter of 2008. GAAP operating income
       was RMB20.1 million (US$2.9 million) for the first quarter of 2009, an
       increase from RMB14.2 million (US$2.0 million) for the first quarter of
       2008.
    -- Net income (non-GAAP) for the first quarter of 2009 was RMB21.0 million
       (US$3.1 million), compared to RMB20.2 million (US$2.9 million) for the
       first quarter of 2008. GAAP net income for the quarter was
       RMB15.9 million (US$2.3 million) for the first quarter of 2009,
       compared to GAAP net income of RMB19.8 million (US$2.8 million) for the
       first quarter of 2008.
    -- Earnings per share (non-GAAP) for the first quarter of 2009 were
       RMB0.14 (US$0.02), compared to RMB0.13 (US$0.02) for the first quarter
       of 2008. GAAP earnings per share were RMB0.11 (US$0.02) for the first
       quarter of 2009, compared to GAAP earnings per share of RMB0.13
       (US$0.02) for the first quarter of 2008.

* Please refer to "Non-GAAP Financial Measures: Reconciliation of GAAP to non-GAAP" section below for the definition and rationale of all of the non-GAAP measures. Non-GAAP items for the three-mont
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SOURCE 3SBio Inc.
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