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ShangPharma Announces Third Quarter 2011 Results


4,895  Deferred tax assets


-Total current assets73,10969,016Non-current assets:  Derivative assets


-  Property, plant, equipment and software, net


78,646  Land use right, net


6,608  Other long-term assets


1,263Total non-current assets64,83386,517Total assets137,942155,533LIABILITIESCurrent liabilities:  Short-term bank borrowings


-  Accounts payable


13,865  Amounts due to related parties


354  Salary and welfare payable


3,524  Income tax payable


1,392  Advance from customers


1,129  Other payables and accruals


6,039  Deferred tax liabilities


210Total current liabilities24,40626,513Total liabilities24,40626,513Commitments and contingenciesEQUITYOrdinary shares (US$0.001 par value; 429,999,350 shares authorized;
335,600,000 and 336,108,932 shares issued and outstanding as of
December 31, 2010 and September 30, 2011, respectively)


336Additional paid in capital


83,239Statutory reserves


6,795Retained earnings


32,612Accumulated other comprehensive income


6,475   Less: Treasury stock


(437)Total equity113,536129,020Total liabilities and equity137,942155,533SHANGPHARMA CORPORATION
(in thousands of U.S. dollars, except for ADS(1) data and per ADS data)Three months ended

Nine months endedSeptember 30,

September 30,2010





ChangeNet revenue






25.4%Cost of r

SOURCE ShangPharma Corporation
Copyright©2010 PR Newswire.
All rights reserved

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