HONG KONG, Nov. 24, 2020 /PRNewswire/ -- Global Cord Blood Corporation (NYSE: CO) ("GCBC" 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 unaudited financial results for the second quarter and first half of fiscal 2021 ended September 30, 2020.

Second Quarter of Fiscal 2021 Highlights

First Half of Fiscal 2021 Highlights

"We successfully managed to recruit 17,643 new subscribers in the second quarter, keeping us on track to meet our annual target despite challenges associated with Covid-19, a downward trend in newborns and an overall cautious consumer environment," said Ms. Ting Zheng, Chairperson and Chief Executive Officer of GCBC. "Although future regulation in the cord blood banking industry in China remains unclear, we continue to prepare for multiple potential outcomes and carry on with our business expansion and risk diversification efforts."

Summary Second Quarter and First Half Ended September 30, 2019 and 2020

Three Months Ended September 30,

Six Months Ended September 30,

2019

2020

2019

2020

(in thousands)

RMB

RMB

US$

RMB

RMB

US$

Revenues

313,464

285,607

42,066

586,839

566,520

83,440

Gross Profit

265,149

240,909

35,483

492,775

478,359

70,455

Operating Income[3]

144,435

139,161

20,497

256,821

272,670

40,163

Change in Fair Value of

Equity Securities

(7,043)

5,699

839

2,936

24,104

3,550

Dividend Income

-

1,281

189

507

1,281

189

Net Income Attributable tothe Company's Shareholders

120,353

131,434

19,360

228,697

263,943

38,877

Earnings per Ordinary

Share (RMB/US$)

Basic

0.99

1.08

0.16

1.88

2.17

0.32

Diluted

0.99

1.08

0.16

1.88

2.17

0.32

Revenues Breakdown (%)

Processing Fees and Other

Services

63.9%

57.5%

62.7%

57.5%

Storage Fees

36.1%

42.5%

37.3%

42.5%

New Subscribers (persons)

21,551

17,643

42,366

34,876

Total Accumulated Subscribers(persons)

791,812

867,180[1]

791,812

867,180[1]

Summary Selected Cash Flow Statement Items

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Global Cord Blood Corporation Reports Financial Results for the Second Quarter and First Half of Fiscal 2021 - PRNewswire

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