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

increase from 2011.
  • Gross profit for the full year 2012 was RMB333.9 million ($53.6 million), a 14.9% increase from 2011.
  • Non-GAAP net income[3] for the full year 2012 was RMB148.8 million ($23.9 million), a 1.0% increase from 2011.
  • Both non-GAAP basic and diluted earnings per ADS for the full year 2012 were RMB3.09 ($0.50).
  • Net income for the full year 2012 was RMB136.4 million ($21.9 million) compared to RMB211.4 million in Net Loss for the full year 2011 Both basic and diluted earnings per ADS for the full year 2012 were RMB2.82 ($0.45).
  • The number of treatment and diagnostic patient cases was 37,915 and 239,530 for the full year 2012, representing a 10.3% and 43.8% increase from 2011, respectively.
  • [1]

    This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.2301 to US$1.00, the effective noon buying rate as of December 31, 2012 in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York.[2]

    Each ADS represents three ordinary shares of the Company.[3]

    Non-GAAP net income is defined in this announcement as net income excluding share-based compensation, the impact of goodwill impairment and other one-time expenses. Share-based compensation was RMB 2.2 million ($0.4 million) in the fourth quarter of 2012 and RMB9.0 million ($1.5 million)  for the full year 2012."We have made steady progress towards the strategic goal of transforming Concord Medical into a market leader in the healthcare service sector," said Dr. Jianyu Yang, Chairman and Chief Executive Officer of Concord Medical.  "During the year, we successfully closed two major acquisitions including a majority ownership position in Chang'An Hospital, one the largest priv
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    SOURCE Concord Medical Services Holdings Limited
    Copyright©2012 PR Newswire.
    All rights reserved

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