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China Cord Blood Corporation Announces Results for the Quarter and Six Months Ended September 30, 2009
Date:12/11/2009

HONG KONG, Dec. 11 /PRNewswire-Asia-FirstCall/ -- China Cord Blood Corporation ("CCBC" or "the Company") (NYSE: CO), China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing, and stem cell storage services, today announced its unaudited financial results for the quarter and six months ended September 30, 2009.

    Highlights as of September 30, 2009

    -- For the quarter ended September 30, 2009, net revenue increased 30.4%
       year-over-year to RMB63.9 million (US$9.4 million) from RMB49.0 million.
       Fiscal year first half net revenue reached RMB121.8 million
       (US$17.8 million), up 48.7% year-over-year from RMB81.9 million.
    -- For the quarter ended September 30, 2009, storage fees accounted for
       17.4% of total net revenue, up 3.2 percentage points year-over-year
       from 14.2%.
    -- The Company had 11,371 new subscribers sign-up during the quarter ended
       September 30, 2009, up 19.0% from 9,552 in the same period last year.
       As of September 30, 2009, the total accumulated number of subscribers
       reached 105,812.
    -- The Company had an aggregate of 21,752 new subscribers signed up during
       the first half of fiscal year 2010, up 47.1% year-over-year from 14,789.
    -- Gross profit for the quarter and six months ended September 30, 2009
       amounted to RMB46.3 million (US$6.8 million) and RMB87.9 million
       (US$12.9 million) respectively, representing gross margins of 72.4% and
       72.2%.
    -- Non-GAAP EBITDA for the quarter and six months ended September 30, 2009
       amounted to RMB28.9 million (US$4.2 million) and RMB56.7 million
       (US$8.3 million) respectively.
    -- RMB24.1 million (US$3.5 million) operating income was recorded for the
       quarter ended September 30, 2009 despite the increase in ad
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SOURCE  China Cord Blood Corporation
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