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Winner Medical Reports Full Fiscal Year 2011 Results
Date:11/30/2011

SHENZHEN, China, Nov. 30, 2011 /PRNewswire-Asia/ -- Winner Medical Group Inc. (Nasdaq: WWIN) ("Winner Medical" or the "Company"), a leading China-based exporter and retailer of high-quality medical dressings and consumer products made from 100% cotton, today reported consolidated financial results for the full fiscal year ended September 30, 2011.

Fiscal Year 2011 Financial Highlights

  • Revenues increased by 30.3% to $149.9 million from $115.0 million in the prior fiscal year.

  • Gross Profit increased by 18.2% to $40.9 million from $34.6 million in the prior fiscal year.

  • Gross Margin decreased to 27.3% from 30.0% in the prior fiscal year.

  • Net Income attributable to Winner Medical decreased by 11.9% to $11.5 million from $13.1 million in the prior fiscal year.

  • Adjusted Net Income (non-GAAP)* attributable to Winner Medical decreased by 0.4% to $13.7 million from $13.8 in the prior fiscal year.

  • Basic and Diluted Net Income Per Share were $0.48 and $0.47, respectively.

  • Adjusted Basic and Diluted Net Income Per Share (non-GAAP)* were $0.57 and $0.56, respectively.

  • * Excludes non-cash share-based compensation expenses of $0.6 million and $0.7 million and realized loss on commodity financial instruments of $1.7 million and $Nil for the fiscal years ended September 30, 2011 and 2010, respectively. Please see the "Non-GAAP Financial Measures" section below for information on how non-GAAP measures should be viewed in comparison to GAAP measures.Mr. Jianquan Li, chairman and chief executive officer of Winner Medical, commented, "During the past year, we made encouraging progress on both our medical and PurCotton® businesses. As a result, total revenue increased by 30.3% to $149.9 million for fiscal year 2011. Increased sales in various markets reflect growing customer recogn
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    SOURCE Winner Medical Group Inc.
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