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ShangPharma Announces Second Quarter 2011 Results
Date:8/22/2011

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Total liabilities and equity137,942147,975SHANGPHARMA CORPORATIONUNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS(in thousands of U.S. dollars, except for ADS(1) data and per ADS data) 

 

Three months ended

Six months ended 

 

June 30,

June 30, 

 

2010

2011

% Change

2010

2011

% Change  

Net revenue

21,826

27,508

26.0%

41,554

52,282

25.8% 

Cost of revenue

(14,421)

(18,359)

27.3%

(27,209)

(35,134)

29.1% 

Gross profit

7,405

9,149

23.6%

14,345

17,148

19.5% Operating expenses  Selling and marketing

(558)

(588)

5.4%

(1,074)

(1,061)

-1.2% General and administrative

(3,606)

(5,732)

59.0%

(6,904)

(10,781)

56.2% 

Total operating expenses

(4,164)

(6,320)

51.8%

(7,978)

(11,842)

48.4% 

Profit from operations

3,241

2,829

-12.7%

6,367

5,306

-16.7%  

Other income, net:

1,417

1,350

-4.7%

1,449

2,403

65.8% 

Income from operations before income taxes

4,658

4,179

-10.3%

7,816

7,709

-1.4%  

Income taxes

(521)

(827)

58.7%

(948)

(1,347)

42.1% 

Net income

4,137

3,352

-19.0%

6,868

6,362

-7.4%  

Allocation to preferred shareholders

(1,042)

-

-100.0%

(1,729)

-

-100.0% 

Net income attributable to ordinary shareholders

3,095

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SOURCE ShangPharma Corporation
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