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ShangPharma Announces First Quarter 2012 Results
Date:5/17/2012

roximately 18.0% – 22.0% compared with the full year of 2011. 
  • Non-GAAP gross margin to be approximately 31.5% – 33.5%, which is slightly lower than non-GAAP gross margin of 34.3% in 2011, based on the consideration of the increased costs related to our expanded facilities such as rental, utility and depreciation, and continued appreciation of the RMB.
  • Capital expenditures to be approximately $20.0 - $24.0 million.
  • This reflects the Company's current view and is subject to change.

    Conference CallShangPharma will host a conference call and live webcast at 8:00 am New York time on May 17, 2012 (8:00 pm Beijing time on May 17, 2012). 

    The dial-in details for the live conference call are as follows: - International:+1-718-354-1231- United States:

    +1-866-519-4004  - United Kingdom:

    080-8234-6646- Hong Kong:

    +852-2475-0994Passcode:  SHP A live and archived webcast of the conference call will be available on the Investor Relations section of ShangPharma's website at www.shangpharma.com

    A telephone replay of the call will be available for seven days from May 17, 2012, 11:00 am U.S. Eastern Time to May 24, 2012, 11:59 pm U.S. Eastern Time.

    The dial-in details for the replay are as follows:

    -International:

    +61-2-8235-5000-Passcode:

    78479978ABOUT SHANGPHARMA CORPORATION ShangPharma Corporation (NYSE: SHP) is a leading China-based contract research organization providing high quality and cost-effective services for the pharmaceutical and biotechnology industry. It offers a broad range of high-quality, integrated services across the drug discovery and development process to help international and Chinese pharmaceutical and biotechnology companies discover and develop novel drug candidates efficiently. ShangPha
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    SOURCE ShangPharma Corporation
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