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China Cord Blood Corporation Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2013

HONG KONG, June 18, 2013 /PRNewswire-FirstCall/ -- China Cord Blood Corporation (NYSE: CO) ("CCBC" or the "Company"), China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing, and stem cell storage services, today announced its preliminary unaudited financial results for the fourth quarter and full year of fiscal year 2013 ended March 31, 2013.

Fourth Quarter of Fiscal 2013 Highlights

  • Revenues for the fourth quarter of fiscal 2013 increased by 33.3% to RMB133.0 million ($21.4 million) from RMB99.8 million in the prior year period.
  • New subscriber sign-ups reached 16,059.
  • Accumulated subscriber base amounted to 311,982, up 30.1% year-over-year.
  • Gross profit increased by 38.8% to RMB106.1 million ($17.1 million) from RMB76.4 million in the prior year period.
  • Gross margin was 79.8%, an increase from 76.6% in the prior year period.
  • Operating income increased by 45.6% to RMB50.7 million ($8.2 million) from RMB34.8 million in the prior year period.
  • Interest expense amounted to RMB22.1 million ($3.6 million), compared to RMB0.9 million in the prior year period.
  • Net income attributable to the Company was RMB23.0 million ($3.7 million), decreased by 21.2% compared to the prior year period, as a result of increased interest expenses.
  • Operating cash inflow for the quarter amounted to RMB155.1 million ($25.0 million).
  • Full Year Fiscal 2013 Highlights

  • Revenues for the full year fiscal 2013 increased by 38.3% to RMB526.1 million ($84.7 million) from RMB380.5 million in the prior year.
  • New subscriber sign-ups reached 72,228 and the accumulated subscriber base expanded to 311,982.
  • Gross profit increased by 42.8% to RMB419.5 million ($67.5 million) from RMB293.8 million in the prior year.
  • Operating income increas

  • SOURCE China Cord Blood Corporation
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