3SBio first quarter total net revenues increase 24.
The increase is attributable to increased sales efforts and marketing activities mainly, including the expansion of our sales & marketing team from 417 as of March 31, 2011 to 497 as of March 31, 2012. General and administrative expenses. General and administrative expenditures for the first one fourth of 2012 were RMB16.8 million , or 11.4 percent of net revenues, compared to RMB15.6 million , or 13.2 percent of net revenues for the same period in 2011. Working income.5 million for the first quarter of 2012, a 40.2 percent boost from operating income of RMB25.3 million for the same period in 2011. Operating margin for the 1st one fourth of 2012 was 24.2 percent, a 2.8 percent increase from operating margin of 21.4 percent for the same period in 2011.The trial has enrolled 25 patients approximately. 2010 Financial Guidance: THE BUSINESS is definitely reiterating its previously announced 2010 financial guidance, including the upward revisions this year 2010 guidance for revenues and non-GAAP EPS, and the narrowing of 2010 guidance for non-GAAP operating expenditures, on June 2 which were announced, 2010. This year 2010, worldwide net revenue are anticipated to be in a upwardly revised range of $515 to $530 million, from the prior range of $505 to $520 million. Non-GAAP R&D expenditures are anticipated to be in the range of $95 to $100 million and guidance for non-GAAP SG&A expenditures have been narrowed from the prior selection of $185 to $195 million to $190 to $195 million. As a total result, 2010 guidance for non-GAAP operating expenses provides been narrowed from the previous range of $280 to $295 million to $285 to $295 million.