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SSY Group Limited — Earnings Release 2012
Apr 20, 2012
50335_rns_2012-04-20_9f477195-c504-4275-81d2-161dbffb9479.pdf
Earnings Release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2005)
ANNOUNCEMENT OF TURNOVER AND GROSS PROFIT INFORMATION FOR THE THREE MONTHS ENDED 31 MARCH 2012
The Company announces the turnover and gross profit information, which has not been reviewed by its auditors, for the three months ended 31 March 2012.
The board of directors (the “Board”) of Lijun International Pharmaceutical (Holding) Co., Ltd. (the “Company”) announces the financial information of turnover and gross profit of the Company and its subsidiaries (together, the “Group”) for the three months ended 31 March 2012 based on its management accounts which have not been reviewed by the auditors.
Turnover of the Group, which has not been reviewed by the auditors, for the three months ended 31 March 2012 increased by 12.0% as compared with the same period of 2011 to HK$605 million, with gross profit margin of 42.0% (for the three months ended 31 March 2011: 44.7%) and in particular:
- Turnover of intravenous infusion solution for the first three months in 2012 increased by approximately 31.4% as compared with the same period of 2011 to HK$300 million, with gross profit margin of 41.8% (for the three months ended 31 March 2011: 42.9%). Among which, sales of Non-PVC Soft Bag infusion solution was HK$118 million, representing 43.2% of the total sales of intravenous infusion solution and an increase
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of 58.9% as compared with the same period of 2011; sales of PP Plastic Bottle infusion solution was HK$98.60 million, representing 36.0% of the total sales of intravenous infusion solution and an increase of 12.3% as compared with the same period of 2011; and
- Turnover of antibiotics finished medicines and non-antibiotics finished medicines businesses for the first three months in 2012 decreased by approximately 3.0% to HK$172 million and decreased by approximately 1.4% to HK$133 million respectively as compared with the same period of 2011, with the gross profit margin of 42.3% (for the three months ended 31 March 2011: 46.1%); among which, sales of Lijunsha amounted to HK$88.97 million, represented a decrease of 1.5% as compared with the same period of 2011; sales of Paiqi amounted to HK$38.59 million, represented a decrease of 13.3% as compared with the same period of 2011; sales of Dobesilate amounted to HK$23.21 million, represented an increase of 0.04% as compared with the same period of 2011; sales of Lixiding amounted to HK$9.12 million, represented an increase of 2.1% as compared with the same period of 2011.
In terms of business segments analysis, intravenous infusion solution, antibiotics finished medicines and non-antibiotics finished medicines accounted for approximately 49.6%, 28.4% and 22.0% respectively of the total turnover of the Group, which has not been reviewed by the auditors, for the first three months in 2012 (for the three months ended 31 March 2011: 42.3%, 32.7% and 25.0% respectively).
Shareholders and investors are advised to exercise caution in dealing in the shares of the Company.
On behalf of the Board Chow Hing Yeung Company Secretary
Hong Kong, 20 April 2012
As at the date of this announcement, the Board comprises Mr. Wu Qin, Mr. Qu Jiguang, Mr. Xie Yunfeng, Mr. Huang Chao, Mr. Wang Xianjun, Mr. Duan Wei, Mr. Bao Leyuan and Ms. Gao Shuping as executive Directors, and Mr. Wang Yibing, Mr. Leung Chong Shun and Mr. Chow Kwok Wai as independent non-executive Directors.
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