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Winner Medical Reports Second Quarter Fiscal 2011 Results
Date:5/11/2011

SHENZHEN, China, May 11, 2011 /PRNewswire-Asia/ -- Winner Medical Group Inc. (Nasdaq: WWIN; "Winner Medical" or the "Company"), a leading manufacturer of medical dressings, medical disposables and non-woven fabric made from 100% natural PurCotton® products in China, today reported consolidated financial results for the second quarter ended March 31, 2011.

Second Quarter Fiscal 2011 Highlights

  • Revenue increased by 27% over Q2 FY 2010 to $33.2 million

  • Adjusted net income increased 31% YOY to $3.8 million

  • Adjusted basic EPS increased 23% YOY to $0.16

  • Domestic China sales increased 61% YOY to 8.5 million

  • Sales to North and South America increased 47% YOY to 7.5 million

  • Reiterates FY 2011 revenue guidance of $138-150 million, representing 20%-30% YOY Growth

  • Fiscal Second Quarter and Half Year 2011 Results (in millions of USD, except per share data)Q2
    FY2011

    Q2
    FY2010

    %
    Change

    Six Months
    FY2011

    Six Months
    FY2010

    %
    ChangeNet Sales

    $33.2

    $26.1

    27 %

    $66.9

    $55.9

    20%Cost of Sales

    $23.9

    $18.7

    28%

    $48.1

    $39.1

    23%Gross Profit

    $9.4

    $7.4

    27%

    $18.8

    $16.8

    12%Gross Margin

    28.2%

    28.2%

    -

    28.1%

    30.1%

    (6)%Net Income Attributable to Winner Medical Group Inc.

    $2.2

    $2.7

    (16)%

    $5.6

    $6.6

    (16)%Adjusted Net Income (non-GAAP)*

    $3.8

    $2.9

    31%

    $7.6

    $7.1

    6%EPS (Diluted)

    $0.09

    $0.12

    (25)%

    $0.23

    $0.29

    (21)%Adjusted EPS (Basic, non-GAAP)*

    $0.16

    '/>"/>

    SOURCE Winner Medical Group Inc.
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    All rights reserved

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