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Simcere Pharmaceutical Group Reports Unaudited Fourth Quarter and Fiscal Year 2009 Results
Date:3/15/2010

NANJING, March 16 /PRNewswire-Asia/ -- Simcere Pharmaceutical Group ("Simcere" or the "Company") (NYSE: SCR), a leading pharmaceutical company specializing in the development, manufacturing, and marketing of branded generic and proprietary pharmaceuticals in China, today reported unaudited financial results for the quarter and the fiscal year ended December 31, 2009.

    Highlights

    -- Total revenue was RMB539.4 million (US$79.0 million) for the fourth
       quarter of 2009, compared to RMB466.9 million for the same period in
       2008, representing sequential growth of 15.5%. For the full year of
       2009, total revenue was RMB1,850.0 million (US$271.0 million), which
       represented an increase of 6.3% from RMB1,741.1 million for the full
       year of 2008.

    -- Gross margin for the fourth quarter of 2009 was 83.1%, compared to
       83.1% for the same period in 2008. For the full year of 2009, gross
       margin was 82.6%, increased from 81.6% for the full year of 2008.

    -- Income from operations was RMB44.9 million (US$6.6 million) for the
       fourth quarter of 2009, a decrease of 38.2% from RMB72.7 million for
       the same period in 2008. For the full year of 2009, income from
       operations was RMB172.9 million (US$25.3 million), which represented a
       decrease of 51.6% from RMB357.0 million for the full year of 2008.

    -- Net income attributable to Simcere was RMB17.7 million (US$2.6 million)
       for the fourth quarter of 2009, a decrease of 65.9% from RMB51.7
       million for the same period in 2008. For the full year of 2009, net
       income was RMB119.5 million (US$17.5 million), which represented a
       decrease of 65.9% from RMB350.2 million for the full year of 2008
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SOURCE Simcere Pharmaceutical Group
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