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Concord Medical Reports Third Quarter 2012 Financial Results

Solebury CommunicationsIn China:
Ms. Vickie Zhao
(+86) 10 6563-0288 (ext. 801)

In the United States:
Mr. Richard Zubek
(+1) 203-428-3230

Notes(a) This news release contains translations of certain renminbi ("RMB") amounts into U.S. dollars at specified rates solely for the convenience of the reader and do not represent the Company's financial performance in US dollars, since its presentation currency is RMB, the currency of the People's Republic of China. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.2848 to US$1.00, the effective noon buying rate as of September 30, 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.

(b) Non-GAAP net income is defined in this news release as net income excluding share-based compensation expenses. Share-based compensation was RMB2.3 million ($0.36 million) in the third quarter 2012 and RMB2.2 million in the third quarter 2011.

(c) Adjusted EBITDA is defined in this news release as net income plus interest expense, income taxes, depreciation and amortization, share-based compensation expenses, and other adjustments, including foreign exchange gains or losses and other (expense) income.

Concord Medical Services Holdings Co., Ltd. Unaudited Condensed Consolidated Balance Sheets(in thousands)December 31, 2011 (*)September 30, 2012RMB


US$ASSETSCurrent assetsCash 



46,788Restricted cash, current portion



9,176Held-to-maturity securities



-Time deposits with original maturities exceeding three months


SOURCE Concord Medical Services Holdings Limited
Copyright©2012 PR Newswire.
All rights reserved

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