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Simcere Pharmaceutical Group Reports Unaudited Fourth Quarter and Full Year 2011 Results
Date:3/7/2012

tain regional markets and adjustments to Simcere's sales force. For the full year of 2011, revenue from Bicun and Yidasheng totaled RMB771.0 million (US$122.5 million), which represented a decrease of 2.6% from RMB791.9 million in 2010.

Revenue from Endu, the Company's patented anti-cancer biotech product, amounted to RMB65.4 million (US$10.4 million) in the fourth quarter of 2011, which was 12.8% of the Company's total revenue for the fourth quarter of 2011, and represented a decrease of 3.7% from RMB67.9 million for the same period in 2010. For the full year of 2011, revenue from Endu totaled RMB263.0 million (US$41.8 million), which represented an increase of 17.9% from RMB223.1 million in 2010.

Revenue from Sinofuan, a 5-FU sustained release implant for the treatment of cancer, amounted to RMB42.8 million (US$6.8 million) for the fourth quarter of 2011, which was 8.4% of the Company's total revenue for the fourth quarter of 2011, and represented an increase of 18.5% from RMB36.1 million for the same period in 2010. For the full year of 2011, revenue from Sinofuan totaled RMB178.1 million (US$28.3 million), which represented an increase of 17.3% from RMB151.8 million in 2010.

Revenue from other branded generic products including Zailin and Yingtaiqing amounted to RMB230.5 million (US$36.6 million), which was 45.1% of the Company's product revenue for the fourth quarter of 2011, and represented a decrease of 9.7% from RMB255.4 million for the same period in 2010. For the full year of 2011, revenue from other branded generic products totaled RMB828.2 million (US$131.6 million), which represented a decrease of 7.6% from RMB896.3 million in 2010.

Gross margin for the fourth quarter of 2011 was 82.3%, a decrease from 84.1% for the same period in 2010 which was primarily due to the decrease of revenue from edaravone injection products which has a relative
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SOURCE Simcere Pharmaceutical Group
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