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

months ended June 30, 2012.However this increase was partly offset by a decrease in orders from Brazil. The Company believes that this was mainly due to customers in Brazil not making consistent orders each month. As a percentage of total sales, sales in North and South America were 15.1% in the third quarter of fiscal 2012 compared to 20.6% in the same quarter of the previous year.
  • Japan: Sales in Japan saw a decline of 12.5% year over year to $5.4 million from $6.2 million, as a number of Japanese customers reduced orders because of overstocked inventory that had accumulated from excess purchases following Japan's Tohoku earthquake of March 11, 2011. As a percentage of total sales, sales in Japan were 11.3% in the third quarter of fiscal 2012 compared to 14.9% in the same quarter of the previous year.
  • China: China has surpassed North and South America to become the Company's second-largest market. Domestic sales increased significantly by 76.5% year-over-year to $15.9 million from $9.0 million, mainly driven by increased sales of "Winner" branded medical products and "PurCotton®" branded products. Sales of medical products in China increased to $6.7 million, representing a growth rate of 83.4% compared to the same quarter of the previous fiscal year. This increase was mainly due to the Company's continuing efforts to expand its sales channels, including increasing the number of local distributors to cover more hospitals and penetrate deeper into existing hospitals, chain drug stores and other sales channels. Sales of PurCotton® products rose to $9.2 million, an increase of 71.9% from the same quarter of the previous fiscal year. As a percentage of total sales, sales in China increased to 33.0% in the third quarter of fiscal 2012 compared to 21.7% in the third quarter of fiscal 2011.
  • Other Regions: Net sales generated from other regions increased by 85.7% in the third quarter of fiscal 2012 to $3.1 million from $1.7 million
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  • SOURCE Winner Medical Group Inc.
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