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Simcere Pharmaceutical Group Reports Preliminary Unaudited Second Quarter 2011 Results
Date:8/9/2011

y:Arial;font-size:8pt;">0.29Diluted

0.69

1.33

0.211.05

1.84

0.28Weighted average number of common shares: Basic

108,889,747

106,903,665

106,903,665109,457,384

106,857,024

106,857,024Diluted

111,633,592

110,578,606

110,578,606112,221,031

110,501,057

110,501,057*The Company reached a settlement agreement with certain former shareholders of Jiangsu Quanyi Biological Technology Stock Co., Ltd. ("Jiangsu Quanyi", previously known as Jiangsu Yanshen Biological Technology Stock Co., Ltd) in the second quarter of 2011, in respect of the Company's 2009 acquisition of 37.5% equity interest in Jiangsu Quanyi. Pursuant to the settlement agreement, the Company received RMB20 million (US$3.1 million) in June 2011 and is expected to receive additional RMB15 million (US$2.3million) and RMB15 million (US$2.3million) on or before September 30 and December 31, 2011 respectively, totaling RMB50 million (US$7.7 million). The first installment of RMB20 million (US$3.1 million) received was recognized as other operating income.** As disclosed in its annual report on Form-20Ffor the year ended December 31, 2010, the Company previously expected that Jiangsu Quanyi would be able to resume the production and sale of its influenza vaccine in the second half of 2011. As of now, the vaccine is undergoing the GMP certification procedure, and thus will not be produced or sold as planned this year.Simcere Pharm
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SOURCE Simcere Pharmaceutical Group
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Related medicine technology :

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3. Simcere Pharmaceutical Group to Acquire Additional Stake in Jiangsu Yanshen Biological Technology Stock Co., Ltd.
4. Simcere Pharmaceutical Group Announces Jiangsu Yanshens Voluntary Suspension of Production
5. Simcere Pharmaceutical Group Provides Update on Jiangsu Yanshen
6. Simcere Receives SFDA Approval to Manufacture and Sell Zanamivir in China
7. Simcere Pharmaceutical Group to Announce Fourth Quarter and Fiscal Year 2009 Unaudited Financial Results on Tuesday, March 16, 2010
8. Simcere Pharmaceutical Group Successfully Completes Endostar Phase IV Clinical Study
9. Simceres Diosmectite API Passes EU-GMP Inspection
10. Simcere Pharmaceutical Group Reports Preliminary Unaudited First Quarter 2010 Results
11. Simcere Pharmaceutical Group Files Annual Report on Form 20-F
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