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

share-based compensation expense is a necessary element of the Company's costs and ability to generate profits and cash flows. Also, because the Company periodically has engaged in futures trading to manage the impact of volatility in cotton prices on production, gains and losses on commodity financial instruments affect the Company's ability to generate net income. Therefore, any measure that excludes non-cash share-based compensation expenses and realized loss on commodity financial instruments may have material limitations; and
  • the manner in which the Company calculates non-GAAP net income and net income per basic and diluted share may differ from that of other companies, which limits their usefulness as a comparative measure.

  • The Company compensates for the foregoing limitations by using non-GAAP net income and net income per basic and diluted share as comparative tools, together with U.S. GAAP measurements, to assist in the evaluation of its operating performance.

    These non-GAAP results should not be regarded as a substitute for corresponding U.S. GAAP measures, but instead utilized as a supplemental measure of operating performance in evaluating the Company's business. As such, these non-GAAP measures should be viewed in conjunction with both the Company's financial statements prepared in accordance with U.S.GAAP. Please refer to the reconciliation of these supplemental non-GAAP financial measures to the most closely related U.S. GAAP measures provided for each period at the end of this press release.

    Contact:Winner Medical Group Inc.Ms. Huixuan Chen (Fiona)Investor Relations ManagerPhone: +86-755-2806-6858 Email: investors@winnermedical.com ICR Inc.Mr. Rob KoeppPhone: +86-10-6583-7516 or +1-646-405-5171E-mail: robert.koepp@icrinc.com Winner Medical Group Inc.Consolidated Statements of Income and Comprehensive IncomeYear ende
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    SOURCE Winner Medical Group Inc.
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