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China Cord Blood Corporation Reports Financial Results for the Second Quarter and First Half of Fiscal 2012
Date:11/28/2011

HONG KONG, Nov. 28, 2011 /PRNewswire-Asia-FirstCall/ -- China Cord Blood Corporation (NYSE: CO) ("CCBC" or the "Company"), China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing, and stem cell storage services, today announced its preliminary unaudited financial results for the second quarter and first half of fiscal year 2012 ended September 30, 2011.

Second Quarter of Fiscal 2012 Highlights

  • Revenue for the second quarter of fiscal 2012 increased by 19.1% to RMB98.4 million ($15.4 million) from RMB82.7 million in the prior year period.
  • New subscriber sign-ups and the accumulated subscriber base rose to 13,899 and 212,557, respectively.
  • Gross profit increased by 20.7% to RMB76.7 million ($12.0 million) from RMB63.5 million in the prior year period.
  • Gross margin increased to 77.9% versus 76.8% in the prior year period.
  • Operating income increased by 29.2% to RMB37.7 million ($5.9 million) from RMB29.2 million in the prior year period.
  • Exchange loss of RMB5.0 million ($0.8 million).
  • Net income attributable to shareholders was RMB23.2 million ($3.6 million), compared to RMB22.0 million in the prior year period.

  • First Half of Fiscal 2012 Highlights

  • Revenue for the first half of fiscal 2012 increased by 20.4% to RMB185.9 million ($29.1 million) from RMB154.4 million in the prior year period.
  • New subscriber sign-ups reached 26,727.
  • Gross profit increased by 22.3% to RMB144.3 million ($22.6 million) from RMB118.0 million in the prior year period.
  • Gross margin was 77.6% compared to 76.4% in the prior year period.
  • Operating income increased by 30.3% to RMB68.5 million ($10.7 million) from RMB52.5 million in the prior year period.
  • Net income attributable to shareholders was RMB63.3 million ($9.9 million) compa
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  • SOURCE China Cord Blood Corporation
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