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

xin. Simcere manufactures and sells antibiotics, anti-cancer medication, stroke management medication and biopharmaceutical drugs such as vaccines. Simcere concentrates its research and development efforts on the treatment of diseases with high incidence and/or mortality rates and for which there is a clear demand for more effective pharmacotherapy such as cancer, strokes, orthopaedics and infectious diseases. For more information about Simcere Pharmaceutical Group, please visit http://www.simcere.com .



    SIMCERE PHARMACEUTICAL GROUP
    PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (AMOUNTS EXPRESSED IN THOUSANDS, EXCEPT SHARE AND ADS DATA)

                                              Three months ended March 31,
                                            2009           2010        2010
                                             RMB            RMB         USD

    Product revenue                       436,633        457,648      67,047
    Other revenue                           5,873          1,021         150
    Total revenue                         442,506        458,669      67,197
    Cost of materials and production      (77,320)       (93,096)    (13,639)
    Gross profit                          365,186        365,573      53,558

    Operating expenses:
    Research and development expenses     (25,047)       (30,592)     (4,482)
    Sales, marketing and
     distribution expenses               (219,779)      (236,879)    (34,704)
    General and administrative
     expenses                             (59,288)       (67,240)     (9,851)
    Income from operations                 61,072         30,862       4,521

    Interest income                         2,569          1,296         190
    Interest 
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SOURCE Simcere Pharmaceutical Group
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