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Concord Medical Reports Fourth Quarter and Full Year 2012 Financial Results
Date:3/20/2013

BEIJING, March 20, 2013 /PRNewswire/ -- Concord Medical Services Holdings Limited ("Concord Medical" or the "Company") (NYSE: CCM), a leading hospital management company and operator of the largest network of radiotherapy and diagnostic imaging centers in China, today announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2012[1].

Fourth Quarter Highlights

  • Total net revenues increased by 95.1% in the fourth quarter of 2012 to RMB222.7 million ($35.8 million), compared to RMB114.2 million ($18.3 million) in the fourth quarter of 2011.
  • Net revenues from the network business were 117.1million, ($18.8 million), a 2.6% increase from the fourth quarter of 2011.  Net revenues from Chang'an Hospital were RMB 105.6 million ($17.0 million).
  • Non-GAAP net income in the fourth quarter of 2012 was RMB39.2 million ($6.3 million), a 5.9% decrease from the fourth quarter of 2011.
  • Both non-GAAP basic and diluted earnings per American depositary share ("ADS")[2] in the fourth quarter of 2012 were RMB0.80 ($0.13).
  • Net income for the fourth quarter of 2012 was RMB33.6 million ($5.4 million), compared to RMB310.0 million ($49.3 million) in Net Loss for the fourth quarter of 2011. Both basic and diluted earnings per ADS for the fourth quarter of 2012 were RMB0.68 ($0.11).
  • Concord Medical opened two centers in the fourth quarter of 2012, bringing the total number of centers in operation to 136 across 53 cities in China, as of December 31, 2012.
  • The numbers of treatment and diagnostic patient cases were 10,603 and 68,248 in the fourth quarter of 2012, respectively, representing a 17.1% and 57.3% increase from the fourth quarter of 2011.
  • Full Year 2012 Highlights

  • Total net revenues for the full year 2012 were RMB672.1 million ($107.9 million), a 49.3%
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  • SOURCE Concord Medical Services Holdings Limited
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