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Concord Medical Announces Higher Revenues, Net income, and Earnings per ADS for the Second Quarter 2011
Date:8/16/2011

BEIJING, Aug. 16, 2011 /PRNewswire-Asia-FirstCall/ -- Concord Medical Services Holdings Limited ("Concord Medical" or the "Company") (NYSE: CCM), the operator of the largest network of radiotherapy and diagnostic imaging centers in China, today announced higher revenues, net income, and earnings per ADS for its unaudited consolidated financial results for the second quarter ended June 30, 2011 compared with the second quarter ended June 30, 2010.

Second quarter 2011 highlights

  • Total net revenues were RMB123.8 million ($19.2 million)(a) in the second quarter 2011, up 24.5% from the second quarter 2010.
  • Gross profit was RMB83.7 million ($13.0 million) in the second quarter 2011, up 20.9% from the second quarter 2010.
  • Net income was RMB37.4 million ($5.8 million) in the second quarter 2011, up 16.1% from the second quarter 2010.
  • Basic and diluted earnings per American depositary share ("ADS") for the second quarter of 2011 were RMB0.79 ($0.12), up 19.7 % from the second quarter 2010.Each ADS represents 3 ordinary shares.
  • Non-GAAP net income(b) was RMB39.6 million ($6.1 million) in the second quarter 2011, up 13.7% from the second quarter 2010.
  • Non-GAAP basic and diluted earnings per ADS2011were RMB0.84 ($0.13) in the second quarter 2011, up 18.3% from the second quarter 2010.
  • Adjusted EBITDA (non-GAAP)(c) was RMB85.2 million ($13.2 million) in the second  quarter 2011, up 11.8% from the second quarter 2010.
  • Concord Medical added 4 radiotherapy and diagnostic imaging centers in the second quarter of 2011, bringing the total number of centers in operation to 125 in 46 cities in China, as of June 30, 2011. To date, the Company has entered into agreements to establish 32 additional centers.
  • During the second quarter 2011, the Company handled 8,608 patient treatment cases and 42,019 patient diag
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  • SOURCE Concord Medical Services Holdings Limited
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