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Simcere Pharmaceutical Group Reports Unaudited Second Quarter 2008 Results

Short term bank loans and

borrowings 29,000 19,000 2,770

Accounts and bills payables 23,711 46,994 6,851

Other payables and accrued

liabilities 285,411 320,066 46,214

Income taxes payable 4,515 27,769 4,498

Total current liabilities 342,637 413,829 60,333

Long term loan 52,000 52,000 7,581

Deferred income taxes 61,690 61,775 9,006

Other long term liabilities 19,928 33,131 4,830

Total liabilities 476,255 560,735 81,750

Minority interests 12,137 28,123 4,100

Shareholders' equity

Contributed capital 9,840 9,847 1,436

Additional paid-in capital 1,550,697 1,567,083 228,468

Accumulated other comprehensive

loss (46,849) (88,672) 12,928)

Retained earnings 470,128 677,411 98,761

Total shareholders' equity 1,983,816 2,165,669 315,737

Commitments and contingencies

Total liabilities, minority

interests and shareholders'

equity 2,472,208 2,754,527 401,587

Note: The conversions of Renminbi (RMB) into United States dollars (USD)

as at the reporting dates are based on the noon buying rate of

USD1.00 = RMB6.8591 on June 30, 2008 in The City of New York for

cable transfers of Renminbi as certified for customs purposes by the

Federal Reserve. No representation is intended to imply that the RMB

amounts could have been, or could be, converted, realized or settled

into U.S. dollars

SOURCE Simcere Pharmaceutical Group
Copyright©2008 PR Newswire.
All rights reserved

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