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

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-

-6,599

-

-Total revenue544,568546,36384,4251,003,2371,028,565158,935Cost of materials and production

(72,099)

(82,761)

(12,788)(165,195)

(160,234)

(24,760)Gross profit472,469463,60271,637838,042868,331134,175Operating expenses:Research and development

(31,195)

(40,147)

(6,204)(61,787)

(82,729)

(12,783)Sales, marketing and distribution

(319,945)

(288,855)

(44,634)(556,824)

(553,250)

(85,489)General and administrative

(58,640)

(74,661)

(11,537)(125,880)

(142,798)

(22,065)Other operating income*

-20,000

3,090-20,000

3,090Income from operations62,68979,93912,35293,551109,55416,928Interest income

1,066

1,310

2022,362

2,362

365Interest expense

(4,052)

(10,001)

(1,545)(9,017)

(19,405)

(2,998)Foreign currency exchange gains

1,150

2,142

3311,217

3,717

574Other  income

1,091

1,099

1701,091

7,522

1,162Equity in losses of equity method affiliated
 companies

(3,253)

(3,427)

(530)(7,703)

(6,599)

(1,019)Earnings before income taxes 58,69171,06210,98081,50197,15115,012Income tax expense

(10,215)

(711)

(110)(11,531)

(5,802)

(897)Net Income48,47670,35110,87069,97091,34914,115Less: Net (income) loss attributable to the
 redeemable noncontrolling interest and noncontrolling interest

(9,910)

3,355

519(10,922)

10,247

1,583Net income attributable to Simcere38,566

73,706

11,389<
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SOURCE Simcere Pharmaceutical Group
Copyright©2010 PR Newswire.
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