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Winner Medical Reports Third Quarter Fiscal 2012 Results
Date:8/9/2012

SHENZHEN, China, Aug. 9, 2012 /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 third quarter of fiscal 2012, which ended June 30, 2012.

Third quarter of Fiscal 2012 Financial Highlights

  • Revenues increased by 16.0% to $48.2 million from $41.5 million in the same quarter of fiscal 2011.
  • Gross Profit increased by 8.2% to $12.2 million from $11.3 million in the same quarter of the previous fiscal year.
  • Gross Margin decreased to 25.4% from 27.2% in the same quarter of fiscal 2011.
  • Net Income attributable to Winner Medical decreased by 32.0% to $2.3 million from $3.4 million in the same quarter of the previous fiscal year.
  • Basic and Diluted Net Income per Share were $0.10 and $0.09, respectively.
  • Mr. Jianquan Li, chairman and chief executive officer of Winner Medical, commented, "I am pleased to report that we achieved a double-digit topline growth rate despite very challenging conditions in key export markets such Europe and Japan.  As we have seen in previous quarters, we had to respond with lower selling prices in Europe because of the ongoing debt crisis and tightening budgets at hospitals. Such pressures in overseas markets were offset by domestic sales in China, which surged by 76.5% year-over-year to $15.9 million from $9.0 million."

    Mr. Li continued, "In the third quarter of fiscal 2012, our sales of PurCotton® consumer products in supermarkets and department stores in China continued to grow, further extending the progress made in past quarters and contributing to China's rise to be our second-largest market globally.  The Company's consumer sales doubled, totalling $2.8 m
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    SOURCE Winner Medical Group Inc.
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