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Concord Medical Announces First Quarter 2011 Financial Results
Date:5/18/2011

rocess of completing an audit of the Company's U.S.
GAAP financial statements for 2010. These unaudited 2010 numbers disclosed in this announcement are,
therefore, subject to change.Concord Medical Services Holdings LimitedUnaudited Condensed Consolidated Statements of Income(in thousands, except per ADS data)For The Three Months EndedMarch 31, 2010 (*)March 31, 2011RMB

RMB

US$Revenue, netLease and management services

74,428

81,786

12,490Others

1,753

5,620

858Total net revenues

76,18187,40613,348Cost of revenuesDepreciation

(17,685)

(21,550)

(3,291)Amortization of acquired intangibles

(6,704)

(6,021)

(919)Others

(2,652)

(5,153)

(787)Total cost of revenues

(27,041)(32,724)(4,997)Gross profit49,14054,6828,351Operating expensesSelling expenses

(2,093)

(4,051)

(619)General and administrative expenses

(15,529)

(15,881)

(2,425)Operating income31,51834,7505,307Interest expenses

(1,980)

(1,479)

(226)Foreign exchange losses

(776)

(3,168)

(484)Gain from disposal of equipment

344

-

-Interest income

975

1,659

253Income before income taxes30,08131,7624,850Income tax expenses

(8,503)

(8,873)

(1,355)Net income21,57822,8893,495Net income attributable to noncontrolling interests

-

(528)

(81)Net income attributable to ordinary shareholders21,578

22,361

3,414Earnings per ADSBasic /Diluted

0.44

0.48

0.07Weighted average number of ADS outstanding:Basic /Diluted

49,151,833

47,451,177

47,451,177(*) Certain amounts in the prior year quarterly financial infor
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SOURCE Concord Medical Services Holdings Limited
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