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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

ting in April of this year, and expansion of the accumulated subscriber base to 212,557 subscribers. Processing fees and storage fees grew 13.3% and 47.7%, respectively. Gross profit for the first half of fiscal 2012 increased 22.3% to RMB144.3 million ($22.6 million) from RMB118.0 million in the prior year period. Operating income increased 30.3% to RMB68.5 million ($10.7 million). Net income attributable to shareholders was RMB63.3 million ($9.9 million). Basic and diluted earnings per share attributable to ordinary shares were RMB0.85 ($0.13).

Ms. Zheng commented, "We believe our accomplishments are truly remarkable. Over the last five years, we have grown our accumulated subscriber base from 23,000 to more than 200,000 through development of the Beijing and Guangdong markets. These two markets together cover an addressable market size of 1.2 million newborns per annum. When we commence operation in Zhejiang, we will raise our addressable market size by another 500,000 newborns per annum to a total of 1.7 million newborns per annum. Through compelling growth drivers including the "One-License-per-Region" policy, the Single Child Policy, the fast-growing economy in China and our optimal location within China's most economically affluent markets, we remain confident in our future growth momentum and the competitive strengths that will drive further growth. As a demonstration of our commitment to enhancing shareholder value, we also continue to carry out our share repurchase program. Since April 1, 2011, we have bought back more than $6 million of shares from the open market. We believe this initiative will increase shareholder value and, more importantly, enable us to reward our long-term shareholders. Going forward, we will continue to actively improve our cost control measures, deepen market penetration in new and developing markets, expand profit margins, enhance marketing and promotional outreach programs, and enlarge our subscriber base, driving strong
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