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Simcere Pharmaceutical Group Reports Preliminary Unaudited First Quarter 2010 Results
Date:5/18/2010

expense (2,503) (4,965) (727) Foreign currency exchange (losses)/gains (84) 67 10 Equity in losses of equity method affiliated companies -- (4,450) (652) Earnings before income taxes 61,054 22,810 3,342 Income tax expense (7,592) (1,316) (193) Net income 53,462 21,494 3,149 Less: Net income attributable to the noncontrolling interest (5,288) (1,012) (148) Net income attributable to Simcere 48,174 20,482 3,001 Earnings per share attributable to Simcere: Basic 0.40 0.19 0.03 Diluted 0.40 0.18 0.03 Earnings per ADS attributable to Simcere: Basic 0.80 0.37 0.05 Diluted 0.80 0.36 0.05 Weighted average number of common shares: 120,624,814 110,031,322 110,031,322 Basic Diluted 120,624,814 112,802,481 112,802,481 SIMCERE PHARMACEUTICAL GROUP PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (AMOUNTS EXPRESSED IN THOUSANDS) December 31, March 31, March 31, 2009 2010 2010 RMB RMB USD Assets Current assets Cash, cash equivalents and restricted cash 458,145 332,384 48,695 Accounts and bills receivables, net 704,321 633,415 92,797 Inventories 106,655 103,872 15,2
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