0001104659-14-086280.txt : 20141212 0001104659-14-086280.hdr.sgml : 20141212 20141212081035 ACCESSION NUMBER: 0001104659-14-086280 CONFORMED SUBMISSION TYPE: 6-K/A PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20141212 DATE AS OF CHANGE: 20141212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Cord Blood Corp CENTRAL INDEX KEY: 0001467808 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-34541 FILM NUMBER: 141282280 BUSINESS ADDRESS: STREET 1: 48 FL., BANK OF CHINA TOWER STREET 2: 1 GARDEN ROAD CITY: CENTRAL HONG KONG STATE: K3 ZIP: 000000 BUSINESS PHONE: 852-3605-8180 MAIL ADDRESS: STREET 1: 48 FL., BANK OF CHINA TOWER STREET 2: 1 GARDEN ROAD CITY: CENTRAL HONG KONG STATE: K3 ZIP: 000000 6-K/A 1 a14-20981_16ka.htm 6-K/A

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

FORM 6-K/A

(Amendment No. 1)

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of December 2014

 

Commission File Number: 001-34541

 

CHINA CORD BLOOD CORPORATION

(Translation of registrant’s name into English)

 

48th Floor, Bank of China Tower

1 Garden Road

Central

Hong Kong S.A.R.

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x

 

Form 40-F o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes o

 

No x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                             .

 

 

 



 

EXPLANATORY NOTE

 

This Amendment No. 1 (the “Amendment”) to the Report of Foreign Private Issuer on Form 6-K (the “Original 6-K”), originally furnished by China Cord Blood Corporation (the “Company”) to the Securities and Exchange Commission on November 25, 2014, amends the Original 6-K to include an unaudited condensed consolidated statement of changes in equity, unaudited condensed consolidated statements of cash flows, notes to the unaudited condensed consolidated financial statements and the applicable interactive data file as Exhibit 101, which provides the unaudited condensed consolidated financial statements in XBRL (eXtensible business reporting language), and to provide for the incorporation by reference described below. No other changes have been made to the Original 6-K. This Amendment does not reflect events that may have occurred subsequent to the original submission date and does not modify or update in any way the disclosures made in the Original 6-K.

 

This Amendment and each of the exhibits to this Amendment are hereby incorporated by reference into the registration statements on Form F-3 (No. 333-191121 and No. 333-183143) of the Company.

 

This Amendment contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or the Company’s future financial performance. The Company has attempted to identify forward-looking statements by terminology including “anticipates”, “believes”, “expects”, “can”, “continue”, “could”, “estimates”, “intends”, “may”, “plans”, “potential”, “predict”, “should” or “will” or the negative of these terms or other comparable terminology. These statements are only predictions, uncertainties and other factors may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. The information in this Amendment is not intended to project future performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company does not guarantee future results, levels of activity, performance or achievements. The Company’s expectations are as of the date this Amendment is filed, and the Company does not intend to update any of the forward-looking statements after the date this Amendment is filed to conform these statements to actual results, unless required by law.

 

The forward-looking statements included in this Amendment are subject to risks, uncertainties and assumptions about the Company’s businesses and business environments. These statements reflect the Company’s current views with respect to future events and are not a guarantee of future performance. Actual results of the Company’s operations may differ materially from information contained in the forward-looking statements as a result of risk factors some of which include, among other things: continued compliance with government regulations regarding cord blood banking in the People’s Republic of China, or PRC and any other jurisdiction in which the Company conducts its operations; changing legislation or regulatory environments (including revisions to China’s One Child Policy) in the PRC and any other jurisdiction in which the Company conducts its operations; the acceptance by subscribers of the Company’s different pricing and payment options and reaction to the introduction of the Company’s premium-quality pricing strategy; demographic trends in the regions of the PRC in which the Company is the exclusive licensed cord blood banking operator; labor and personnel relations; the existence of a significant shareholder able to influence and direct the corporate policies of the Company; credit risks affecting the Company’s revenue and profitability; changes in the healthcare industry, including those which may result in the use of stem cell therapies becoming redundant or obsolete; the Company’s ability to effectively manage its growth, including implementing effective controls and procedures and attracting and retaining key management and personnel; changing interpretations of generally accepted accounting principles; the availability of capital resources, including in the form of capital markets financing opportunities, in light of industry developments affecting issuers that have pursued a “reverse merger” with an operating company based in the PRC, as well as general economic conditions; compliance with restrictive debt covenants under the Company’s senior convertible notes; and other relevant risks detailed in the Company’s filings with the Securities and Exchange Commission in the United States.

 

2



 

Results of Operations and Financial Condition

 

Following this cover page are the unaudited condensed consolidated financial results for the three months and six months ended September 30, 2014 of the Company.

 

3



 

China Cord Blood Corporation and Subsidiaries

Unaudited Condensed Consolidated Balance Sheets

(Amounts expressed in thousands)

 

 

 

 

 

March 31,

 

September 30,

 

 

 

Note

 

2014

 

2014

 

2014

 

 

 

 

 

RMB

 

RMB

 

US$

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

1,882,901

 

2,156,527

 

351,340

 

Accounts receivable, less allowance for doubtful accounts
(March 31, 2014: RMB20,322; September 30, 2014: RMB23,691 (US$3,860))

 

 

 

95,273

 

110,412

 

17,988

 

Inventories

 

 

 

31,583

 

25,611

 

4,172

 

Prepaid expenses and other receivables

 

 

 

37,010

 

16,712

 

2,723

 

Debt issuance costs

 

5

 

3,616

 

3,608

 

588

 

Deferred tax assets

 

 

 

7,664

 

8,578

 

1,398

 

Total current assets

 

 

 

2,058,047

 

2,321,448

 

378,209

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

3

 

626,632

 

616,545

 

100,446

 

Non-current prepayments

 

 

 

208,894

 

208,429

 

33,957

 

Non-current accounts receivable, less allowance for doubtful accounts
(March 31, 2014: RMB42,703; September 30, 2014: RMB48,300 (US$7,869))

 

 

 

225,496

 

211,805

 

34,507

 

Inventories

 

 

 

48,385

 

54,062

 

8,808

 

Intangible assets, net

 

 

 

120,549

 

118,239

 

19,263

 

Available-for-sale equity securities

 

 

 

144,247

 

139,637

 

22,750

 

Other investment

 

 

 

189,129

 

189,129

 

30,813

 

Debt issuance costs

 

5

 

7,854

 

6,028

 

982

 

Deferred tax assets

 

 

 

1,789

 

2,648

 

431

 

Total assets

 

 

 

3,631,022

 

3,867,970

 

630,166

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

 

Bank loan

 

4

 

60,000

 

60,000

 

9,775

 

Accounts payable

 

 

 

10,422

 

15,624

 

2,545

 

Accrued expenses and other payables

 

 

 

102,559

 

77,625

 

12,647

 

Deferred revenue

 

 

 

196,432

 

208,151

 

33,912

 

Amounts due to related parties

 

 

 

21,453

 

22,245

 

3,624

 

Income tax payable

 

 

 

2,571

 

7,202

 

1,173

 

Deferred tax liabilities

 

 

 

3,900

 

6,500

 

1,059

 

Total current liabilities

 

 

 

397,337

 

397,347

 

64,735

 

 

 

 

 

 

 

 

 

 

 

Convertible notes

 

5

 

777,753

 

797,227

 

129,884

 

Non-current deferred revenue

 

 

 

823,921

 

962,574

 

156,822

 

Other non-current liabilities

 

 

 

164,077

 

189,529

 

30,878

 

Deferred tax liabilities

 

 

 

27,938

 

27,331

 

4,453

 

Total liabilities

 

 

 

2,191,026

 

2,374,008

 

386,772

 

 

4



 

China Cord Blood Corporation and Subsidiaries

Unaudited Condensed Consolidated Balance Sheets (Continued)

(Amounts expressed in thousands, except share data)

 

 

 

March 31,

 

September 30,

 

 

 

2014

 

2014

 

2014

 

 

 

RMB

 

RMB

 

US$

 

EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders’ equity of China Cord Blood Corporation

 

 

 

 

 

 

 

Ordinary shares

 

 

 

 

 

 

 

-         US$0.0001 par value, 250,000,000 shares authorized, 73,140,147 shares issued and 73,003,248 shares outstanding as of March 31 and September 30, 2014, respectively

 

50

 

50

 

8

 

Additional paid-in capital

 

798,221

 

798,221

 

130,046

 

Treasury stock, at cost
(March 31 and September 30, 2014: 136,899 shares, respectively)

 

(2,815

)

(2,815

)

(459

)

Accumulated other comprehensive income

 

84,263

 

81,393

 

13,260

 

Retained earnings

 

555,323

 

612,308

 

99,756

 

Total equity attributable to China Cord Blood Corporation

 

1,435,042

 

1,489,157

 

242,611

 

 

 

 

 

 

 

 

 

Non-controlling interests

 

4,954

 

4,805

 

783

 

 

 

 

 

 

 

 

 

Total equity

 

1,439,996

 

1,493,962

 

243,394

 

 

 

 

 

 

 

 

 

Commitments and contingencies

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities and equity

 

3,631,022

 

3,867,970

 

630,166

 

 

See accompanying notes to the unaudited condensed consolidated financial statements.

 

5



 

China Cord Blood Corporation and Subsidiaries

Unaudited Condensed Consolidated Statements of Comprehensive Income

(Amounts expressed in thousands, except per share data)

 

 

 

 

 

Three months ended September 30,

 

Six months ended September 30,

 

 

 

Note

 

2013

 

2014

 

2013

 

2014

 

 

 

 

 

RMB

 

RMB

 

US$

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

141,635

 

152,122

 

24,784

 

270,356

 

305,453

 

49,764

 

Direct costs

 

 

 

(27,360

)

(30,348

)

(4,944

)

(51,852

)

(60,124

)

(9,795

)

Gross profit

 

 

 

114,275

 

121,774

 

19,840

 

218,504

 

245,329

 

39,969

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

 

(2,310

)

(2,330

)

(380

)

(4,833

)

(4,829

)

(787

)

Sales and marketing

 

 

 

(27,633

)

(30,953

)

(5,043

)

(56,057

)

(62,696

)

(10,214

)

General and administrative

 

 

 

(28,042

)

(31,028

)

(5,055

)

(55,444

)

(60,174

)

(9,804

)

Total operating expenses

 

 

 

(57,985

)

(64,311

)

(10,478

)

(116,334

)

(127,699

)

(20,805

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

 

 

56,290

 

57,463

 

9,362

 

102,170

 

117,630

 

19,164

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

 

4,312

 

4,704

 

766

 

8,494

 

8,970

 

1,461

 

Interest expense

 

 

 

(16,461

)

(25,209

)

(4,107

)

(31,219

)

(50,104

)

(8,163

)

Exchange gain/(loss)

 

 

 

69

 

(182

)

(30

)

(55

)

(2

)

 

Dividend income

 

 

 

 

 

 

8,722

 

1,196

 

195

 

Others

 

 

 

514

 

680

 

111

 

1,044

 

1,297

 

211

 

Total other expense, net

 

 

 

(11,566

)

(20,007

)

(3,260

)

(13,014

)

(38,643

)

(6,296

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income tax

 

 

 

44,724

 

37,456

 

6,102

 

89,156

 

78,987

 

12,868

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

6

 

(19,706

)

(10,214

)

(1,664

)

(31,079

)

(22,151

)

(3,609

)

Net income

 

 

 

25,018

 

27,242

 

4,438

 

58,077

 

56,836

 

9,259

 

Net income attributable to non-controlling interests

 

 

 

(114

)

7

 

1

 

(267

)

149

 

24

 

Net income attributable to China Cord Blood Corporation’s shareholders

 

 

 

24,904

 

27,249

 

4,439

 

57,810

 

56,985

 

9,283

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attributable to ordinary shares

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

- Basic

 

 

 

0.33

 

0.35

 

0.06

 

0.73

 

0.72

 

0.12

 

- Diluted

 

 

 

0.33

 

0.35

 

0.06

 

0.73

 

0.72

 

0.12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-         Net effect of foreign currency translation, net of nil tax

 

 

 

2,789

 

913

 

149

 

9,594

 

1,442

 

235

 

-         Net unrealized gain/(loss) in available-for-sale equity securities, net of nil tax

 

 

 

59,220

 

(8,818

)

(1,437

)

83,558

 

(4,312

)

(703

)

Comprehensive income

 

 

 

87,027

 

19,337

 

3,150

 

151,229

 

53,966

 

8,791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income attributable to non-controlling interests

 

 

 

(114

)

7

 

1

 

(267

)

149

 

24

 

Comprehensive income attributable to China Cord Blood Corporation’s shareholders

 

 

 

86,913

 

19,344

 

3,151

 

150,962

 

54,115

 

8,815

 

 

See accompanying notes to the unaudited condensed consolidated financial statements.

 

6



 

China Cord Blood Corporation and Subsidiaries

Unaudited Condensed Consolidated Statement of Changes in Equity

(Amounts expressed in thousands, except share data)

 

 

 

China Cord Blood Corporation shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Share capital

 

Additional

 

Treasury stock

 

other

 

 

 

Non-

 

 

 

 

 

No. of

 

 

 

paid-in

 

No. of

 

 

 

comprehensive

 

Retained

 

controlling

 

Total

 

 

 

shares

 

Amount

 

capital

 

shares

 

Amount

 

income

 

earnings

 

interests

 

equity

 

 

 

 

 

RMB

 

RMB

 

 

 

RMB

 

RMB

 

RMB

 

RMB

 

RMB

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of April 1, 2014

 

73,140,147

 

50

 

798,221

 

(136,899

)

(2,815

)

84,263

 

555,323

 

4,954

 

1,439,996

 

Net income

 

 

 

 

 

 

 

56,985

 

(149

)

56,836

 

Other comprehensive income

 

 

 

 

 

 

(2,870

)

 

 

(2,870

)

Balance as of September 30, 2014

 

73,140,147

 

50

 

798,221

 

(136,899

)

(2,815

)

81,393

 

612,308

 

4,805

 

1,493,962

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2014 - US$

 

 

 

$

8

 

$

130,046

 

 

 

$

(459

)

$

13,260

 

$

99,756

 

$

783

 

$

243,394

 

 

See accompanying notes to the unaudited condensed consolidated financial statements.

 

7



 

China Cord Blood Corporation and Subsidiaries

Unaudited Condensed Consolidated Statements of Cash Flows

(Amounts expressed in thousands)

 

 

 

Six months ended September 30,

 

 

 

2013

 

2014

 

2014

 

 

 

RMB

 

RMB

 

US$

 

Cash flows from operating activities:

 

 

 

 

 

 

 

Net cash provided by operating activities

 

229,623

 

295,691

 

48,174

 

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

Purchase of property, plant and equipment

 

(57,069

)

(22,407

)

(3,651

)

Proceeds from disposal of property, plant and equipment

 

178

 

12

 

2

 

Net cash used in investing activities

 

(56,891

)

(22,395

)

(3,649

)

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

 

Repayments of bank loan

 

(50,000

)

(60,000

)

(9,775

)

Proceeds from bank loan

 

60,000

 

60,000

 

9,775

 

Payments for repurchase of shares

 

(4,422

)

 

 

Payments for debt issuance costs

 

(3,242

)

 

 

Net cash provided by financing activities

 

2,336

 

 

 

 

 

 

 

 

 

 

 

Effect of foreign currency exchange rate change on cash and cash equivalents

 

213

 

330

 

54

 

 

 

 

 

 

 

 

 

Net increase in cash and cash equivalents

 

175,281

 

273,626

 

44,579

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of period

 

1,494,099

 

1,882,901

 

306,761

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at end of period

 

1,669,380

 

2,156,527

 

351,340

 

 

 

 

 

 

 

 

 

Non-cash investing activities:

 

 

 

 

 

 

 

Payable for property, plant and equipment

 

14,789

 

 

 

 

 

 

 

 

 

 

 

Supplemental disclosures of cash flow information:

 

 

 

 

 

 

 

Cash paid for income taxes

 

30,888

 

23,680

 

3,858

 

Cash refund for income taxes

 

 

18,279

 

2,978

 

Cash paid for interest, net of capitalized interest

 

51,670

 

28,268

 

4,605

 

 

See accompanying notes to the unaudited condensed consolidated financial statements.

 

8



 

Notes to the unaudited condensed consolidated financial statements

(Amounts expressed in thousands, except share data)

 

1                                         Principal activities and basis of presentation

 

(a)                                 Principal activities

 

China Cord Blood Corporation (the “Company”) and its subsidiaries (collectively the “Group”) are principally engaged in the provision of umbilical cord blood storage and ancillary services in the People’s Republic of China (the “PRC”). As of September 30, 2014, the Group has three operating cord blood banks in the Beijing municipality, the Guangdong province and the Zhejiang province, the PRC. The Company’s shares are listed on the New York Stock Exchange.

 

The Group provides cord blood testing, processing and storage services under the direction of subscribers for a cord blood processing fee and a storage fee. The Group also tests, processes and stores donated cord blood, and provides matching services to the public for a fee.

 

(b)                                 Basis of presentation

 

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted as permitted by rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). The condensed consolidated balance sheet as of March 31, 2014 was derived from the audited consolidated financial statements of the Company. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the March 31, 2014 audited consolidated financial statements of the Company included in the Company’s annual report on Form 20-F for the year ended March 31, 2014.

 

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the financial position as of September 30, 2014, the results of operations for the three and six months ended September 30, 2013 and 2014, and cash flows for the six months ended September 30, 2013 and 2014 have been made.

 

For the convenience of the readers, certain amounts as of and for the three and six months ended September 30, 2014 included in the accompanying unaudited condensed consolidated financial statements have been translated into U.S. dollars at the rate of US$1.00 = RMB6.1380, being the spot exchange rate of U.S. dollars in effect on September 30, 2014 for cable transfers in RMB per U.S. dollar as certified for customs purposes by the Federal Reserve, the central bank of the United States of America. No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at that rate or at any other rate on September 30, 2014 or at any other date.

 

9



 

2                                         Summary of significant accounting policies

 

(a)                                 Principles of consolidation

 

The accompanying unaudited condensed consolidated financial statements include the financial statements of the Company and its majority-owned subsidiaries. For consolidated subsidiaries where the Company’s ownership is less than 100%, the outside shareholders’ interests are shown as non-controlling interests. All significant intercompany balances and transactions have been eliminated in consolidation. The Company has no involvement with variable interest entities.

 

(b)                                 Use of estimates

 

The preparation of the consolidated financial statements, in accordance with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the establishment of the selling prices of multiple deliverables in revenue arrangements, the estimation of direct costs for the provision of donated cord blood for transplantation and research, the useful lives of property, plant and equipment and intangible assets, the valuation of property, plant and equipment, intangible assets and investment securities, the valuation allowances for receivables and deferred tax assets and the realizability of inventories.

 

3                                         Property, plant and equipment, net

 

Property, plant and equipment, net consist of the following:

 

 

 

March 31,

 

September 30,

 

 

 

2014

 

2014

 

2014

 

 

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

Buildings

 

578,513

 

580,960

 

94,649

 

Leasehold improvements

 

14,864

 

14,864

 

2,422

 

Machineries

 

118,449

 

133,208

 

21,702

 

Motor vehicles

 

14,885

 

15,272

 

2,488

 

Furniture, fixtures and office equipment

 

35,433

 

38,558

 

6,282

 

Construction-in-progress

 

9,684

 

893

 

145

 

 

 

771,828

 

783,755

 

127,688

 

Less: Accumulated depreciation

 

(145,196

)

(167,210

)

(27,242

)

Total property, plant and equipment, net

 

626,632

 

616,545

 

100,446

 

 

Depreciation expense related to property, plant and equipment for the three months ended September 30, 2013 and 2014 was RMB7,560 and RMB12,146 (US$1,979), respectively. Depreciation expense related to property, plant and equipment for the six months ended September 30, 2013 and 2014 was RMB14,998 and RMB22,398 (US$3,649), respectively.

 

As of March 31, 2014 and September 30, 2014, buildings with carrying value of RMB114,570 and RMB111,052 (US$18,093) were collateralized for a short-term bank loan of RMB60,000 and RMB60,000 (US$9,775) (see Note 4), respectively.

 

10



 

4                                         Bank loan

 

On August 12, 2013, the Group borrowed RMB60,000 from Hangzhou Bank for one year. The loan bears a monthly fixed interest rate at 0.6%. The Group repaid the bank loan in full on August 11, 2014.

 

On August 25, 2014, the Group borrowed RMB60,000 (US$9,775) from Hangzhou Bank for one year. The loan bears a monthly fixed interest rate at 0.6%.

 

The bank loans are denominated in RMB and are collateralized by certain buildings of the Group (see Note 3).

 

5                                         Convertible notes

 

The carrying amount of the convertible notes to KKR China Healthcare Investment Limited (“KKRCHIL”) (the “KKR Note”) and to Golden Meditech Holdings Limited (“GMHL”), which is a major shareholder of the Company, (the “GM Note”) (collectively the “Notes”), is summarized in the following table:

 

 

 

March 31,

 

September 30,

 

 

 

2014

 

2014

 

2014

 

 

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

Principal amount of the KKR Note

 

403,315

 

401,950

 

65,486

 

Principal amount of the GM Note

 

310,302

 

309,192

 

50,373

 

Cumulative interest payable

 

64,136

 

86,085

 

14,025

 

Carrying amount

 

777,753

 

797,227

 

129,884

 

 

The Company accrued interest on the Notes based on the guaranteed 12% internal rate of return per annum. The difference between the accrued interest rate of 12% and the coupon rate of 7% of the Notes is recorded in convertible notes in the unaudited condensed consolidated balance sheets. Debt issuance costs capitalized in connection with the issuance of the Notes are amortized from the date the Notes were issued to the earliest date the holders of the Notes can demand payment, which is five years.

 

In November 2014, GMHL completed the sale of the GM Note of US$50,000 in aggregate principal amount to Magnum Opus International Holdings Limited (“Magnum”), which is controlled by the Company’s chairman, and Cordlife Group Limited (“CGL”), for a total consideration of US$88,090. As a result, GMHL caused the Company to issue the note of US$25,000 in aggregate principal amount to each of Magnum and CGL. The GM Note was simultaneously cancelled. The Company, Magnum and CGL agreed to be bound by the terms of the registration rights agreement as though Magnum and CGL were original parties thereto.

 

Interest relating to the Notes was recognized as follows:

 

 

 

Three months ended September 30,

 

Six months ended September 30,

 

 

 

2013

 

2014

 

2013

 

2014

 

 

 

RMB

 

RMB

 

US$

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KKR Note interest incurred

 

12,190

 

13,488

 

2,197

 

24,320

 

26,638

 

4,340

 

GM Note interest incurred

 

9,496

 

9,843

 

1,604

 

18,827

 

19,587

 

3,191

 

Amortization of debt issuance costs

 

912

 

912

 

149

 

1,819

 

1,814

 

295

 

Notes related interest cost capitalized

 

(6,600

)

 

 

(14,789

)

 

 

Total interest expense

 

15,998

 

24,243

 

3,950

 

30,177

 

48,039

 

7,826

 

 

11



 

6                                         Income tax

 

The Company’s PRC subsidiaries are subject to PRC statutory income tax rate of 25% unless otherwise specified.

 

In February 2012, Beijing Jiachenhong Biological Technologies Co., Ltd. (“Beijing Jiachenhong”) received approval from the tax authority on the renewal of its High and New Technology Enterprise (“HNTE”) status which entitled it to the preferential income tax rate of 15% effective retroactively from January 1, 2011 to December 31, 2013. Subject to reapplication, Beijing Jiachenhong’s HNTE status will enable it to the preferential income tax rate of 15% from January 1, 2014 to December 31, 2016. Management believes that Beijing Jiachenhong meets all the criteria required in connection with the reapplication of HNTE status and therefore applied 15% when recognizing current tax.

 

In June 2011, Guangzhou Municipality Tianhe Nuoya Bio-engineering Co., Ltd. (“Guangzhou Nuoya”) received approval from the tax authority that it qualified as a HNTE which entitled it to the preferential income tax rate of 15% effective retrospectively from January 1, 2010 to December 31, 2012. In April 2014, Guangzhou Nuoya received approval from the tax authority on the renewal of its HNTE status which entitled it to the preferential income tax rate of 15% effective retroactively from January 1, 2013 to December 31, 2015.

 

The new Enterprise Income Tax law and its implementation rules impose a withholding tax at 10%, unless reduced by a tax treaty or agreement, for dividends receivable by non-PRC-resident enterprises from PRC-resident enterprises in respect of earnings accumulated beginning on January 1, 2008. During the period ended September 30, 2013, withholding tax of RMB6,000 was levied on dividends distributed by the Company’s PRC subsidiary to the holding company outside the PRC. As of March 31, 2014 and September 30, 2014, the Company has provided RMB3,900 and RMB6,500 (US$1,059), respectively, for withholding income tax on a portion of the undistributed earnings of its PRC subsidiaries according to management’s reinvestment plan. No income taxes were provided for the remaining undistributed earnings which are intended to be reinvested indefinitely in the PRC. As of September 30, 2014, such unremitted earnings that may be subject to the withholding tax amounted to RMB844,481 (US$137,582) and the related unrecognized deferred tax liability was RMB84,448 (US$13,758).

 

The Company’s effective income tax rates for the three months ended September 30, 2013 and 2014 were 44.1% and 27.3%, and were 34.9% and 28.0% for the six months ended September 30, 2013 and 2014, respectively. The effective income tax rates for the three and six months ended September 30, 2013 and 2014 differ from the PRC statutory income tax rate of 25% primarily due to the effect of Beijing Jiachenhong and Guangzhou Nuoya’s preferential tax treatments, which is offset by the effect of non-PRC entities not being subject to income tax, and the effect of withholding tax.

 

As of and for the six months ended September 30, 2014, the Company did not have any material unrecognized tax benefits and thus no interest and penalties related to unrecognized tax benefits were recorded. In addition, the Company does not expect that the amount of unrecognized tax benefits will change significantly within the next twelve months.

 

12



 

7                                         Net income per share

 

The following table sets forth the computation of basic net income per share and diluted net income per share for the three and six months ended September 30, 2013 and 2014 respectively:

 

 

 

 

 

Three months ended September 30,

 

 

 

Note

 

2013

 

2014

 

2014

 

 

 

 

 

RMB

 

RMB

 

US$

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to the Company’s shareholders

 

 

 

24,904

 

27,249

 

4,439

 

Earnings allocated to participating convertible notes

 

(i)

 

(722

)

(1,638

)

(267

)

Net income for basic and diluted net income per share

 

 

 

24,182

 

25,611

 

4,172

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding for basic and diluted net income per share

 

 

 

73,003,248

 

73,003,248

 

73,003,248

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to ordinary shares:

 

 

 

 

 

 

 

 

 

- Basic

 

 

 

0.33

 

0.35

 

0.06

 

- Diluted

 

(ii)

 

0.33

 

0.35

 

0.06

 

 

 

 

 

 

Six months ended September 30,

 

 

 

Note

 

2013

 

2014

 

2014

 

 

 

 

 

RMB

 

RMB

 

US$

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to the Company’s shareholders

 

 

 

57,810

 

56,985

 

9,283

 

Earnings allocated to participating convertible notes

 

(i)

 

(4,417

)

(4,246

)

(692

)

Net income for basic and diluted net income per share

 

 

 

53,393

 

52,739

 

8,591

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding for basic and diluted net income per share

 

 

 

73,003,248

 

73,003,248

 

73,003,248

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to ordinary shares:

 

 

 

 

 

 

 

 

 

- Basic

 

 

 

0.73

 

0.72

 

0.12

 

- Diluted

 

(ii)

 

0.73

 

0.72

 

0.12

 

 

Notes:

 

(i)                                     The KKR Note and GM Note provide KKRCHIL and GMHL with the ability to participate in any excess cash dividend. Excess cash dividend means any cash dividend to holders of shares that, together with all other cash dividends previously paid to holders of shares in the same financial year, exceeds, on a per share basis, an amount equal to the interest that has accrued and shall accrue at 7% coupon interest rate in such financial year divided by the number of shares into which the Notes are convertible at the conversion price then in effect on the relevant record date. Therefore, net income attributable to the Company’s shareholders is reduced by such allocated earnings to participating convertible notes for each reporting period in both basic and diluted net income per share computation.

 

(ii)                                  During the three and six months ended September 30, 2013 and 2014, the Company had potentially dilutive ordinary shares of 40,521,495 respectively, representing shares issuable upon conversion of the Notes (see Note 5). Such potentially dilutive ordinary shares were excluded from diluted net income per share computation because their effects would have been anti-dilutive.

 

13



 

Other Events

 

On November 25, 2014, the Company issued a press release announcing preliminary unaudited condensed consolidated financial results for the three months and six months ended September 30, 2014. A copy of the press release is attached as Exhibit 99.1.

 

Exhibits

 

Exhibit No.

 

Description

99.1 *

 

Press Release, dated November 25, 2014

101.INS XBRL

 

Instance Document

101.SCH XBRL

 

Taxonomy Extension Schema Document

101.CAL XBRL

 

Taxonomy Extension Calculation Linkbase Document

101.LAB XBRL

 

Taxonomy Extension Label Linkbase Document

101.PRE XBRL

 

Taxonomy Extension Presentation Linkbase Document

 

* Previously filed

 

14



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

CHINA CORD BLOOD CORPORATION

 

 

 

By:

/s/ Albert Chen

 

Name:

Albert Chen

 

Title:

Chief Financial Officer

 

 

 

Dated: December 12, 2014

 

 

15


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us-gaap:ConvertibleNotesPayableMember 2014-09-30 0001467808 us-gaap:ConvertibleNotesPayableMember 2014-03-31 0001467808 2014-09-30 0001467808 2014-03-31 iso4217:USD iso4217:CAD iso4217:CNY xbrli:shares iso4217:USD xbrli:shares xbrli:shares co:item xbrli:pure iso4217:USD iso4217:CNY 102559000 77625000 12647000 64136000 86085000 14025000 88090000 3900000 6500000 1059000 208894000 208429000 33957000 P5Y 0.12 0.1 3 0.15 0.15 0.15 0.15 4417000 722000 4246000 692000 1638000 267000 6000000 This Amendment No. 1 (the "Amendment") to the Report of Foreign Private Issuer on Form 6-K (the "Original 6-K"), originally furnished by China Cord Blood Corporation to the Securities and Exchange Commission on November 25, 2014, amends the Original 6-K to include an unaudited condensed consolidated statement of changes in equity, unaudited condensed consolidated statements of cash flows, notes to the unaudited condensed consolidated financial statements and the applicable interactive data file as Exhibit 101, which provides the unaudited condensed consolidated financial statements in XBRL (eXtensible business reporting language), and to provide for the incorporation by reference described below. No other changes have been made to the Original 6-K. This Amendment does not reflect events that may have occurred subsequent to the original submission date and does not modify or update in any way the disclosures made in the Original 6-K. true --03-31 Q2 2015 2014-09-30 6-K/A 0001467808 China Cord Blood Corp CO 10422000 15624000 2545000 95273000 110412000 17988000 225496000 211805000 34507000 2571000 7202000 1173000 145196000 167210000 27242000 84263000 81393000 13260000 798221000 798221000 130046000 20322000 23691000 3860000 42703000 48300000 7869000 1819000 912000 1814000 295000 912000 149000 40521495 40521495 40521495 40521495 3631022000 3867970000 630166000 2058047000 2321448000 378209000 144247000 139637000 22750000 14789000 1494099000 1669380000 1882901000 306761000 2156527000 351340000 175281000 273626000 44579000 0.0001 0.0001 250000000 250000000 73140147 73140147 73003248 73140147 -136899 73003248 73140147 -136899 50000 50000 8000 150962000 86913000 54115000 8815000 19344000 3151000 267000 114000 -149000 -24000 -7000 -1000 151229000 87027000 53966000 8791000 19337000 3150000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Principles of consolidation</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements include the financial statements of the Company and its majority-owned subsidiaries. For consolidated subsidiaries where the Company&#x2019;s ownership is less than 100%, the outside shareholders&#x2019; interests are shown as non-controlling interests. All significant intercompany balances and transactions have been eliminated in consolidation. The Company has no involvement with variable interest entities.</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:36pt;"> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">March&nbsp;31,</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="3" valign="bottom" style="width:29.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Principal amount of the KKR Note</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>403,315&nbsp; </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>401,950&nbsp; </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>65,486&nbsp; </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Principal amount of the GM Note</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>310,302&nbsp; </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>309,192&nbsp; </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,373&nbsp; </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Cumulative interest payable</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,136&nbsp; </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,085&nbsp; </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,025&nbsp; </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Carrying amount</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>777,753&nbsp; </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>797,227&nbsp; </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129,884&nbsp; </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 777753000 797227000 129884000 189129000 189129000 30813000 51852000 27360000 60124000 9795000 30348000 4944000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">4</font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Bank loan</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">On August&nbsp;12, 2013, the Group borrowed RMB60,000 from Hangzhou Bank for one year. The loan bears a monthly fixed interest rate at 0.6%. The Group repaid the bank loan in full on August&nbsp;11, 2014.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">On August&nbsp;25, 2014, the Group borrowed RMB60,000 (US$9,775) from Hangzhou Bank for one year. The loan bears a monthly fixed interest rate at 0.6%.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The bank loans are denominated in RMB and are collateralized by certain buildings of the Group (see Note 3).</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 403315000 401950000 65486000 114570000 111052000 18093000 60000000 60000000 9775000 25000000 25000000 50000000 0.006 0.006 0.07 0.07 P1Y P1Y 3616000 3608000 588000 7854000 6028000 982000 196432000 208151000 33912000 823921000 962574000 156822000 7664000 8578000 1398000 1789000 2648000 431000 3900000 6500000 1059000 27938000 27331000 4453000 84448000 13758000 14998000 7560000 22398000 3649000 12146000 1979000 21453000 22245000 3624000 0.73 0.33 0.72 0.12 0.35 0.06 0.73 0.33 0.72 0.12 0.35 0.06 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">7</font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Net income per share</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The following table sets forth the computation of basic net income per share</font><font style="display: inline;font-size:10pt;"> and diluted </font><font style="display: inline;font-size:10pt;">net income per share</font><font style="display: inline;font-size:10pt;"> for the three and six months ended September&nbsp;30, 201</font><font style="display: inline;font-size:10pt;">3</font><font style="display: inline;font-size:10pt;"> and 201</font><font style="display: inline;font-size:10pt;">4 &nbsp;</font><font style="display: inline;font-size:10pt;">respectively</font><font style="display: inline;font-size:10pt;">:</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:36pt;"> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:38.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Three&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Note</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p> </td> <td valign="bottom" style="width:02.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Numerator:</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Net income attributable to the Company&#x2019;s shareholders</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,904 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,249 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,439 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Earnings allocated to participating convertible notes</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">(i)</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(722 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,638 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(267 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Net income for basic and diluted net income per share</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,182 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,611 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,172 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Denominator:</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Weighted average ordinary shares outstanding for basic and diluted net income per share</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Net income per share attributable to ordinary shares:</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">- Basic</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.33 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.35 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.06 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">- Diluted</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">(ii)</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.33 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.35 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.06 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:36pt;"> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:38.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Six&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Note</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p> </td> <td valign="bottom" style="width:02.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Numerator:</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Net income attributable to the Company&#x2019;s shareholders</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,810 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,985 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,283 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Earnings allocated to participating convertible notes</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">(i)</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,417 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,246 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(692 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Net income for basic and diluted net income per share</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,393 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52,739 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,591 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Denominator:</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Weighted average ordinary shares outstanding for basic and diluted net income per share</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Net income per share attributable to ordinary shares:</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">- Basic</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.73 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.72 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.12 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">- Diluted</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">(ii)</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.73 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.72 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.12 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Notes:</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;"> <p style="punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size:10pt;;"> (i)</font> </p> </td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt;margin:0pt;"> <font style="display: inline;font-size:10pt;">The KKR Note and GM Note provide KKRCHIL and GMHL with the ability to participate in any excess cash dividend. Excess cash dividend means any cash dividend to holders of shares that, together with all other cash dividends previously paid to holders of shares in the same financial year, exceeds, on a per share basis, an amount equal to the interest that has accrued and shall accrue at 7% coupon interest rate in such financial year divided by the number of shares into which the Notes are convertible at the conversion price then in effect on the relevant record date. Therefore, net income attributable to the Company&#x2019;s shareholders is reduced by such allocated earnings to participating convertible notes for each reporting period in both basic and diluted net income per share computation.</font></p></td></tr></table></div> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;text-indent: -28.2pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;"> <p style="punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size:10pt;;"> (ii)</font> </p> </td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt;margin:0pt;"> <font style="display: inline;font-size:10pt;">During the three and six months ended September&nbsp;30, 2013</font><font style="display: inline;font-size:10pt;"> and 2014</font><font style="display: inline;font-size:10pt;">, the Company had potentially dilutive ordinary shares of </font><font style="display: inline;font-size:10pt;">40,521,495 respectively,</font><font style="display: inline;font-size:10pt;"> representing shares issuable upon conversion of the Notes (see Note 5). Such </font><font style="display: inline;font-size:10pt;">potentially dilutive </font><font style="display: inline;font-size:10pt;">ordinary shares were excluded from diluted net income per share computation because their effects would have been anti-dilutive.</font></p></td></tr></table></div> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 0.349 0.441 0.280 0.273 0.25 213000 330000 54000 120549000 118239000 19263000 6.1380 -55000 69000 -2000 -182000 -30000 55444000 28042000 60174000 9804000 31028000 5055000 218504000 114275000 245329000 39969000 121774000 19840000 89156000 44724000 78987000 12868000 37456000 6102000 0 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">6</font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Income tax</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The Company&#x2019;s PRC subsidiaries are subject to </font><font style="display: inline;font-size:10pt;">PRC statutory </font><font style="display: inline;font-size:10pt;">income tax rate of 25% unless otherwise specified.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">In February&nbsp;2012, Beijing Jiachenhong Biological Technologies Co.,&nbsp;Ltd. (&#x201C;Beijing Jiachenhong&#x201D;) received approval from the tax authority on the renewal of its High and New Technology Enterprise (&#x201C;HNTE&#x201D;) status which entitled it to the preferential income tax rate of 15% effective retroactively from January&nbsp;1, 2011 to December&nbsp;31, 2013. Subject to reapplication, Beijing Jiachenhong&#x2019;s HNTE status will enable it to the preferential income tax rate of 15% from January&nbsp;1, 2014 to December&nbsp;31, 2016. Management believes that Beijing Jiachenhong meets all the criteria required in connection with the reapplication of HNTE status and therefore applied 15% when recognizing current tax.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">In June&nbsp;2011, Guangzhou Municipality Tianhe Nuoya Bio-engineering Co.,&nbsp;Ltd. (&#x201C;Guangzhou Nuoya&#x201D;) received approval from the tax authority that it qualified as a HNTE which entitled it to the preferential income tax rate of 15% effective retrospectively from January&nbsp;1, 2010 to December&nbsp;31, 2012. In April&nbsp;2014, Guangzhou Nuoya received approval from the tax authority on the renewal of its HNTE status which entitled it to the preferential income tax rate of 15% effective retroactively from January&nbsp;1, 2013 to December&nbsp;31, 2015.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The new Enterprise Income Tax law and its implementation rules&nbsp;impose a withholding tax at 10%, unless reduced by a tax treaty or agreement, for dividends receivable by non-PRC-resident enterprises from PRC-resident enterprises in respect of earnings accumulated beginning on January&nbsp;1, 2008. </font><font style="display: inline;font-size:10pt;">During the period ended September&nbsp;30, 2013, withholding tax of RMB6,000 was levied on dividends distributed by the Company&#x2019;s PRC subsidiary to the holding company outside the PRC</font><font style="display: inline;font-size:10pt;">. As of March 31, 2014 and September 30, 2014, the Company has provided RMB3,900 and RMB6,500 (US$1,059), respectively, for withholding income tax on a portion of the undistributed earnings of its PRC subsidiaries according to management&#x2019;s reinvestment plan. No income taxes were provided for the remaining undistributed earnings which are intended to be reinvested indefinitely in the PRC. As of September&nbsp;30, 201</font><font style="display: inline;font-size:10pt;">4</font><font style="display: inline;font-size:10pt;">, such unremitted earnings that may be subject to the withholding tax amounted to RMB</font><font style="display: inline;font-size:10pt;">844,481</font><font style="display: inline;font-size:10pt;"> (US$</font><font style="display: inline;font-size:10pt;">137,582</font><font style="display: inline;font-size:10pt;">) and the related unrecognized deferred tax liability was RMB</font><font style="display: inline;font-size:10pt;">84,448</font><font style="display: inline;font-size:10pt;"> (US$</font><font style="display: inline;font-size:10pt;">13,758</font><font style="display: inline;font-size:10pt;">).</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The Company&#x2019;s effective income tax rates for the three months ended September&nbsp;30, 2013 and 2014 were 44.1% and 27.3%, and were 34.9% and 28.0% for the six months ended September&nbsp;30, 2013 and 2014, respectively. The effective income tax rates for the three and six months ended September&nbsp;30, 2013 and 2014 differ from the PRC statutory income tax rate of 25% primarily due to the effect of Beijing Jiachenhong and Guangzhou Nuoya&#x2019;s preferential tax treatments, which is offset by the effect of non-PRC entities not being subject to income tax, and the effect of withholding tax.</font> </p> <p style="margin:0pt 0pt 0pt 36pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">As of and for the six months ended September&nbsp;30, 2014, the Company did not have any material unrecognized tax benefits and thus no interest and penalties related to unrecognized tax benefits were recorded. In addition, the Company does not expect that the amount of unrecognized tax benefits will change significantly within the next twelve months.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 30888000 23680000 3858000 31079000 19706000 22151000 3609000 10214000 1664000 -14789000 -6600000 31219000 16461000 50104000 8163000 25209000 4107000 30177000 15998000 48039000 7826000 24243000 3950000 24320000 12190000 26638000 4340000 13488000 2197000 18827000 9496000 19587000 3191000 9843000 1604000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:36pt;"> <tr> <td valign="bottom" style="width:31.44%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:31.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Three&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:31.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Six&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:31.44%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p> </td> <td valign="bottom" style="width:02.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="3" valign="bottom" style="width:20.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="3" valign="bottom" style="width:20.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:31.44%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:31.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:31.44%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">KKR Note interest incurred</font></p> </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,190 </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,488 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,197 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,320 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,638 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,340 </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:31.44%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">GM Note interest incurred</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,496 </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,843 </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,604 </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,827 </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,587 </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,191 </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:31.44%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Amortization of debt issuance costs</font></p> </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>912 </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>912 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>149 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,819 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,814 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>295 </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:31.44%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Notes related interest cost capitalized</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,600 </td> <td valign="bottom" style="width:02.16%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#x2014;</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#x2014;</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14,789 </td> <td valign="bottom" style="width:02.14%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#x2014;</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:31.44%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Total interest expense</font></p> </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,998 </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,243 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,950 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,177 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,039 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,826 </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 51670000 28268000 4605000 31583000 25611000 4172000 48385000 54062000 8808000 8722000 1196000 195000 8494000 4312000 8970000 1461000 4704000 766000 2191026000 2374008000 386772000 3631022000 3867970000 630166000 397337000 397347000 64735000 777753000 797227000 129884000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">5</font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Convertible notes</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The carrying amount </font><font style="display: inline;font-size:10pt;">of the convertible notes </font><font style="display: inline;font-size:10pt;">to KKR China Healthcare Investment Limited (&#x201C;KKRCHIL&#x201D;) (the &#x201C;KKR Note&#x201D;)</font><font style="display: inline;font-size:10pt;"> and to </font><font style="display: inline;font-size:10pt;">Golden Meditech Holdings Limited (&#x201C;GMHL&#x201D;), which is a major shareholder of the Company, (the &#x201C;GM Note&#x201D;) (</font><font style="display: inline;font-size:10pt;">collectively the &#x201C;Notes&#x201D;), </font><font style="display: inline;font-size:10pt;">is summarized in the following table:</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:36pt;"> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">March&nbsp;31,</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="3" valign="bottom" style="width:29.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Principal amount of the KKR Note</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>403,315&nbsp; </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>401,950&nbsp; </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>65,486&nbsp; </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Principal amount of the GM Note</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>310,302&nbsp; </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>309,192&nbsp; </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,373&nbsp; </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Cumulative interest payable</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,136&nbsp; </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,085&nbsp; </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,025&nbsp; </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Carrying amount</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>777,753&nbsp; </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>797,227&nbsp; </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129,884&nbsp; </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The Company accrued interest on the Notes based on the guaranteed 12% internal rate of return per annum. The difference between the accrued interest rate of 12% and the coupon rate of 7% of the Notes is recorded in convertible notes in the unaudited condensed consolidated balance sheets. Debt issuance costs capitalized in connection with the issuance of the Notes are amortized from the date the Notes were issued to the earliest date the holders of the Notes can demand payment, which is five years.</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">In November&nbsp;2014, GMHL completed the sale of the GM Note of US$50,000 in aggregate principal amount to Magnum Opus International Holdings Limited (&#x201C;Magnum&#x201D;), which is controlled by the Company&#x2019;s chairman, and Cordlife Group Limited (&#x201C;CGL&#x201D;), for a total consideration of US$88,090. As a result, GMHL caused the Company to issue the note of US$25,000 in aggregate principal amount to each of Magnum and CGL. The GM Note was simultaneously cancelled. The Company, Magnum and CGL agreed to be bound by the terms of the registration rights agreement as though Magnum and CGL were original parties thereto.</font> </p> <p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Interest relating to the Notes was recognized as follows:</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:36pt;"> <tr> <td valign="bottom" style="width:31.44%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:31.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Three&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:31.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Six&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:31.44%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p> </td> <td valign="bottom" style="width:02.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="3" valign="bottom" style="width:20.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="3" valign="bottom" style="width:20.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:31.44%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:31.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:31.44%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">KKR Note interest incurred</font></p> </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,190 </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,488 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,197 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,320 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,638 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,340 </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:31.44%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">GM Note interest incurred</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,496 </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,843 </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,604 </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,827 </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,587 </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,191 </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:31.44%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Amortization of debt issuance costs</font></p> </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>912 </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>912 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>149 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,819 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,814 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>295 </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:31.44%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Notes related interest cost capitalized</font></p> </td> <td valign="bottom" style="width:02.16%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,600 </td> <td valign="bottom" style="width:02.16%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#x2014;</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#x2014;</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14,789 </td> <td valign="bottom" style="width:02.14%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#x2014;</font></p> </td> <td valign="bottom" style="width:02.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.08%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:31.44%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Total interest expense</font></p> </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,998 </td> <td valign="bottom" style="width:02.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,243 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,950 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,177 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,039 </td> <td valign="bottom" style="width:02.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,826 </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 4954000 4805000 783000 2336000 -56891000 -22395000 -3649000 229623000 295691000 48174000 57810000 24904000 56985000 9283000 27249000 4439000 267000 114000 -149000 -24000 -7000 -1000 53393000 24182000 52739000 8591000 25611000 4172000 -13014000 -11566000 -38643000 -6296000 -20007000 -3260000 310302000 309192000 50373000 116334000 57985000 127699000 20805000 64311000 10478000 102170000 56290000 117630000 19164000 57463000 9362000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">1</font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Principal activities and basis of presentation</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">(a)</font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-style:italic;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Principal activities</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">China Cord Blood Corporation (the &#x201C;Company&#x201D;) and its subsidiaries (collectively the &#x201C;Group&#x201D;) are principally engaged in the provision of umbilical cord blood storage and ancillary services in the People&#x2019;s Republic of China (the &#x201C;PRC&#x201D;). As of September&nbsp;30, 2014, the Group has three operating cord blood banks in the Beijing municipality, the Guangdong province and the Zhejiang province, the PRC. The Company&#x2019;s shares are listed on the New York Stock Exchange.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The Group provides cord blood testing, processing and storage services under the direction of subscribers for a cord blood processing fee and a storage fee. The Group also tests, processes and stores donated cord blood, and provides matching services to the public for a fee.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">(b)</font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-style:italic;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Basis of presentation</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (&#x201C;U.S. GAAP&#x201D;). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted as permitted by rules&nbsp;and regulations of the U.S. Securities and Exchange Commission (&#x201C;SEC&#x201D;). The condensed consolidated balance sheet as of March&nbsp;31, 2014 was derived from the audited consolidated financial statements of the Company. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the March&nbsp;31, 2014 audited consolidated financial statements of the Company included in the Company&#x2019;s annual report on Form&nbsp;20-F for the year ended March&nbsp;31, 2014.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the financial position as of September&nbsp;30, 2014, the results of operations for the three and six months ended September&nbsp;30, 2013 and 2014, and cash flows for the six months ended September&nbsp;30, 2013 and 2014 have been made.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">For the convenience of the readers, certain amounts as of and for the three and six months ended September&nbsp;30, 2014 included in the accompanying unaudited condensed consolidated financial statements have been translated into U.S. dollars at the rate of US$1.00 = RMB6.1380, being the spot exchange rate of U.S. dollars in effect on September&nbsp;30, 2014 for cable transfers in RMB per U.S. dollar as certified for customs purposes by the Federal Reserve, the central bank of the United States of America. No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at that rate or at any other rate on September&nbsp;30, 2014 or at any other date.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 9594000 2789000 1442000 235000 913000 149000 83558000 59220000 -4312000 -703000 -8818000 -1437000 0 0 0 0 0 0 0 0 -2870000 -2870000 164077000 189529000 30878000 1044000 514000 1297000 211000 680000 111000 4422000 3242000 57069000 22407000 3651000 37010000 16712000 2723000 60000000 60000000 9775000 18279000 2978000 178000 12000 2000 58077000 25018000 56836000 9259000 -149000 56985000 27242000 4438000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">3</font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Property, plant and equipment, net</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Property, plant and equipment, net consist of the following:</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:36pt;"> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">March&nbsp;31,</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="3" valign="bottom" style="width:29.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Buildings</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,513 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>580,960 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,649 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Leasehold improvements</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,864 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,864 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,422 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Machineries</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>118,449 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133,208 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,702 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Motor vehicles</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,885 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,272 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,488 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Furniture, fixtures and office equipment</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,433 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,558 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,282 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Construction-in-progress</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,684 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>893 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>145 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:51.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>771,828 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>783,755 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>127,688 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Less: Accumulated depreciation</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(145,196 </td> <td valign="bottom" style="width:02.74%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(167,210 </td> <td valign="bottom" style="width:02.74%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(27,242 </td> <td valign="bottom" style="width:01.06%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> </tr> <tr> <td valign="middle" style="width:51.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Total property, plant and equipment, net</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>626,632 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>616,545 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:13.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100,446 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Depreciation expense related to property, plant and equipment for the three months ended September&nbsp;30, 2013 and 2014 was RMB7,560 and RMB12,146 (US$1,979), respectively. Depreciation expense related to property, plant and equipment for the six months ended September&nbsp;30, 2013 and 2014 was RMB14,998 and RMB22,398 (US$3,649), respectively.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">As of March&nbsp;31, 201</font><font style="display: inline;font-size:10pt;">4</font><font style="display: inline;font-size:10pt;"> and September&nbsp;30, 201</font><font style="display: inline;font-size:10pt;">4</font><font style="display: inline;font-size:10pt;">, buildings with carrying value of RMB114,</font><font style="display: inline;font-size:10pt;">570</font><font style="display: inline;font-size:10pt;"> and </font><font style="display: inline;font-size:10pt;">RMB111,052 (US$18,093)</font><font style="display: inline;font-size:10pt;"> were collateralized for a short-term bank loan of RMB</font><font style="display: inline;font-size:10pt;">60</font><font style="display: inline;font-size:10pt;">,000 and RMB</font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;">0,000 (US$</font><font style="display: inline;font-size:10pt;">9,775</font><font style="display: inline;font-size:10pt;">) (see Note 4)</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> respectively.</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 771828000 35433000 578513000 9684000 118449000 14864000 14885000 783755000 127688000 38558000 6282000 580960000 94649000 893000 145000 133208000 21702000 14864000 2422000 15272000 2488000 626632000 616545000 100446000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;"> <tr> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">March&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="3" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Buildings</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,513 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>580,960 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,649 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Leasehold improvements</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,864 </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,864 </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,422 </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Machineries</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>118,449 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133,208 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,702 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Motor vehicles</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,885 </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,272 </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,488 </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Furniture, fixtures and office equipment</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,433 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,558 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,282 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Construction-in-progress</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,684 </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>893 </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>145 </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>771,828 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>783,755 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>127,688 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Less: Accumulated depreciation</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(145,196 </td> <td valign="bottom" style="width:auto;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(167,210 </td> <td valign="bottom" style="width:auto;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(27,242 </td> <td valign="bottom" style="width:auto;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> </tr> <tr> <td valign="middle" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Total property, plant and equipment, net</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>626,632 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>616,545 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100,446 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 50000000 60000000 9775000 4833000 2310000 4829000 787000 2330000 380000 555323000 612308000 99756000 270356000 141635000 305453000 49764000 152122000 24784000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:36pt;"> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:38.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Three&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Note</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p> </td> <td valign="bottom" style="width:02.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Numerator:</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Net income attributable to the Company&#x2019;s shareholders</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,904 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,249 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,439 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Earnings allocated to participating convertible notes</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">(i)</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(722 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,638 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(267 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Net income for basic and diluted net income per share</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,182 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,611 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,172 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Denominator:</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Weighted average ordinary shares outstanding for basic and diluted net income per share</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Net income per share attributable to ordinary shares:</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">- Basic</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.33 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.35 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.06 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">- Diluted</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">(ii)</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.33 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.35 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.06 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:36pt;"> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:38.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Six&nbsp;months&nbsp;ended&nbsp;September&nbsp;30,</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">Note</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2013</font></p> </td> <td valign="bottom" style="width:02.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:02.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">2014</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">RMB</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 8pt"> <font style="display: inline;font-weight:bold;font-size:8pt;">US$</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Numerator:</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Net income attributable to the Company&#x2019;s shareholders</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,810 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,985 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,283 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Earnings allocated to participating convertible notes</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">(i)</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,417 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,246 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(692 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">)</font></p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Net income for basic and diluted net income per share</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,393 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52,739 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,591 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Denominator:</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Weighted average ordinary shares outstanding for basic and diluted net income per share</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,003,248 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Net income per share attributable to ordinary shares:</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">- Basic</font></p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.73 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.72 </td> <td valign="bottom" style="width:02.74%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.12 </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> <tr> <td valign="middle" style="width:47.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">- Diluted</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">(ii)</font></p> </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.73 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.72 </td> <td valign="bottom" style="width:02.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> <td valign="bottom" style="width:10.96%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.12 </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0.6pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman;font-size: 12pt"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;text-align:center;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Notes:</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;"> <p style="punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size:10pt;;"> (i)</font> </p> </td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt;margin:0pt;"> <font style="display: inline;font-size:10pt;">The KKR Note and GM Note provide KKRCHIL and GMHL with the ability to participate in any excess cash dividend. Excess cash dividend means any cash dividend to holders of shares that, together with all other cash dividends previously paid to holders of shares in the same financial year, exceeds, on a per share basis, an amount equal to the interest that has accrued and shall accrue at 7% coupon interest rate in such financial year divided by the number of shares into which the Notes are convertible at the conversion price then in effect on the relevant record date. Therefore, net income attributable to the Company&#x2019;s shareholders is reduced by such allocated earnings to participating convertible notes for each reporting period in both basic and diluted net income per share computation.</font></p></td></tr></table></div> <p style="margin:0pt 0pt 0pt 36pt;punctuation-wrap:hanging;text-indent: -28.2pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;"> <p style="punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;punctuation-wrap:hanging;font-family:Times New Roman;font-size:10pt;;"> (ii)</font> </p> </td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt;margin:0pt;"> <font style="display: inline;font-size:10pt;">During the three and six months ended September&nbsp;30, 2013</font><font style="display: inline;font-size:10pt;"> and 2014</font><font style="display: inline;font-size:10pt;">, the Company had potentially dilutive ordinary shares of </font><font style="display: inline;font-size:10pt;">40,521,495 respectively,</font><font style="display: inline;font-size:10pt;"> representing shares issuable upon conversion of the Notes (see Note 5). Such </font><font style="display: inline;font-size:10pt;">potentially dilutive </font><font style="display: inline;font-size:10pt;">ordinary shares were excluded from diluted net income per share computation because their effects would have been anti-dilutive.</font></p></td></tr></table></div> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 56057000 27633000 62696000 10214000 30953000 5043000 60000000 60000000 60000000 9775000 60000000 9775000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">2</font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Summary of significant accounting policies</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">(a)</font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-style:italic;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Principles of consolidation</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements include the financial statements of the Company and its majority-owned subsidiaries. For consolidated subsidiaries where the Company&#x2019;s ownership is less than 100%, the outside shareholders&#x2019; interests are shown as non-controlling interests. All significant intercompany balances and transactions have been eliminated in consolidation. The Company has no involvement with variable interest entities.</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">(b)</font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-style:italic;font-size:3pt;"></font><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Use of estimates</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The preparation of the consolidated financial statements, in accordance with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the establishment of the selling prices of multiple deliverables in revenue arrangements, the estimation of direct costs for the provision of donated cord blood for transplantation and research, the useful lives of property, plant and equipment and intangible assets, the valuation of property, plant and equipment, intangible assets and investment securities, the valuation allowances for receivables and deferred tax assets and the realizability of inventories.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 1435042000 1489157000 242611000 1439996000 84263000 798221000 50000 4954000 555323000 -2815000 1493962000 243394000 81393000 13260000 798221000 130046000 50000 8000 4805000 783000 612308000 99756000 -2815000 -459000 136899 136899 2815000 2815000 459000 844481000 137582000 0 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Use of estimates</font> </p> <p style="margin:0pt 0pt 0pt 107.45pt;text-indent: -35.45pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The preparation of the consolidated financial statements, in accordance with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the establishment of the selling prices of multiple deliverables in revenue arrangements, the estimation of direct costs for the provision of donated cord blood for transplantation and research, the useful lives of property, plant and equipment and intangible assets, the valuation of property, plant and equipment, intangible assets and investment securities, the valuation allowances for receivables and deferred tax assets and the realizability of inventories.</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 73003248 73003248 73003248 73003248 EX-101.SCH 3 co-20140930.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 00100 - Statement - Unaudited Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 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Convertible notes (Details 3) (Convertible notes)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
CNY
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
CNY
Sep. 30, 2014
KKR Notes
USD ($)
Sep. 30, 2014
KKR Notes
CNY
Sep. 30, 2013
KKR Notes
CNY
Sep. 30, 2014
KKR Notes
USD ($)
Sep. 30, 2014
KKR Notes
CNY
Sep. 30, 2013
KKR Notes
CNY
Sep. 30, 2014
GMHL Notes
Golden Meditech Holdings Limited (GMHL)
USD ($)
Sep. 30, 2014
GMHL Notes
Golden Meditech Holdings Limited (GMHL)
CNY
Sep. 30, 2013
GMHL Notes
Golden Meditech Holdings Limited (GMHL)
CNY
Sep. 30, 2014
GMHL Notes
Golden Meditech Holdings Limited (GMHL)
USD ($)
Sep. 30, 2014
GMHL Notes
Golden Meditech Holdings Limited (GMHL)
CNY
Sep. 30, 2013
GMHL Notes
Golden Meditech Holdings Limited (GMHL)
CNY
Debt Instrument                                    
Notes interest incurred             $ 2,197 13,488 12,190 $ 4,340 26,638 24,320            
Notes interest incurred                         1,604 9,843 9,496 3,191 19,587 18,827
Amortization of debt issuance costs 149 912 912 295 1,814 1,819                        
Notes related interest cost capitalized     (6,600)     (14,789)                        
Total interest expense $ 3,950 24,243 15,998 $ 7,826 48,039 30,177                        
XML 11 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of significant accounting policies
6 Months Ended
Sep. 30, 2014
Summary of significant accounting policies  
Summary of significant accounting policies

2Summary of significant accounting policies

 

(a)Principles of consolidation

 

The accompanying unaudited condensed consolidated financial statements include the financial statements of the Company and its majority-owned subsidiaries. For consolidated subsidiaries where the Company’s ownership is less than 100%, the outside shareholders’ interests are shown as non-controlling interests. All significant intercompany balances and transactions have been eliminated in consolidation. The Company has no involvement with variable interest entities.

 

(b)Use of estimates

 

The preparation of the consolidated financial statements, in accordance with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the establishment of the selling prices of multiple deliverables in revenue arrangements, the estimation of direct costs for the provision of donated cord blood for transplantation and research, the useful lives of property, plant and equipment and intangible assets, the valuation of property, plant and equipment, intangible assets and investment securities, the valuation allowances for receivables and deferred tax assets and the realizability of inventories.

 

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Principal activities and basis of presentation
6 Months Ended
Sep. 30, 2014
Principal activities and basis of presentation  
Principal activities and basis of presentation

1Principal activities and basis of presentation

 

(a)Principal activities

 

China Cord Blood Corporation (the “Company”) and its subsidiaries (collectively the “Group”) are principally engaged in the provision of umbilical cord blood storage and ancillary services in the People’s Republic of China (the “PRC”). As of September 30, 2014, the Group has three operating cord blood banks in the Beijing municipality, the Guangdong province and the Zhejiang province, the PRC. The Company’s shares are listed on the New York Stock Exchange.

 

The Group provides cord blood testing, processing and storage services under the direction of subscribers for a cord blood processing fee and a storage fee. The Group also tests, processes and stores donated cord blood, and provides matching services to the public for a fee.

 

(b)Basis of presentation

 

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted as permitted by rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). The condensed consolidated balance sheet as of March 31, 2014 was derived from the audited consolidated financial statements of the Company. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the March 31, 2014 audited consolidated financial statements of the Company included in the Company’s annual report on Form 20-F for the year ended March 31, 2014.

 

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the financial position as of September 30, 2014, the results of operations for the three and six months ended September 30, 2013 and 2014, and cash flows for the six months ended September 30, 2013 and 2014 have been made.

 

For the convenience of the readers, certain amounts as of and for the three and six months ended September 30, 2014 included in the accompanying unaudited condensed consolidated financial statements have been translated into U.S. dollars at the rate of US$1.00 = RMB6.1380, being the spot exchange rate of U.S. dollars in effect on September 30, 2014 for cable transfers in RMB per U.S. dollar as certified for customs purposes by the Federal Reserve, the central bank of the United States of America. No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at that rate or at any other rate on September 30, 2014 or at any other date.

 

XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Condensed Consolidated Balance Sheets
In Thousands, unless otherwise specified
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Mar. 31, 2014
CNY
Current assets      
Cash and cash equivalents $ 351,340 2,156,527 1,882,901
Accounts receivable, less allowance for doubtful accounts (March 31, 2014: RMB20,322; September 30, 2014: RMB23,691 (US$3,860)) 17,988 110,412 95,273
Inventories 4,172 25,611 31,583
Prepaid expenses and other receivables 2,723 16,712 37,010
Debt issuance costs 588 3,608 3,616
Deferred tax assets 1,398 8,578 7,664
Total current assets 378,209 2,321,448 2,058,047
Property, plant and equipment, net 100,446 616,545 626,632
Non-current prepayments 33,957 208,429 208,894
Non-current accounts receivable, less allowance for doubtful accounts (March 31, 2014: RMB42,703; September 30, 2014: RMB48,300 (US$7,869)) 34,507 211,805 225,496
Inventories 8,808 54,062 48,385
Intangible assets, net 19,263 118,239 120,549
Available-for-sale equity securities 22,750 139,637 144,247
Other investment 30,813 189,129 189,129
Debt issuance costs 982 6,028 7,854
Deferred tax assets 431 2,648 1,789
Total assets 630,166 3,867,970 3,631,022
Current liabilities      
Bank loan 9,775 60,000 60,000
Accounts payable 2,545 15,624 10,422
Accrued expenses and other payables 12,647 77,625 102,559
Deferred revenue 33,912 208,151 196,432
Amounts due to related parties 3,624 22,245 21,453
Income tax payable 1,173 7,202 2,571
Deferred tax liabilities 1,059 6,500 3,900
Total current liabilities 64,735 397,347 397,337
Convertible notes 129,884 797,227 777,753
Non-current deferred revenue 156,822 962,574 823,921
Other non-current liabilities 30,878 189,529 164,077
Deferred tax liabilities 4,453 27,331 27,938
Total liabilities 386,772 2,374,008 2,191,026
Shareholders' equity of China Cord Blood Corporation      
Ordinary shares - US$0.0001 par value, 250,000,000 shares authorized, 73,140,147 shares issued and 73,003,248 shares outstanding as of March 31 and September 30,2014, respectively 8 50 50
Additional paid-in capital 130,046 798,221 798,221
Treasury stock, at cost (March 31 and September 30, 2014: 136,899 shares, respectively) (459) (2,815) (2,815)
Accumulated other comprehensive income 13,260 81,393 84,263
Retained earnings 99,756 612,308 555,323
Total equity attributable to China Cord Blood Corporation 242,611 1,489,157 1,435,042
Non-controlling interests 783 4,805 4,954
Total equity 243,394 1,493,962 1,439,996
Commitments and contingencies         
Total liabilities and equity $ 630,166 3,867,970 3,631,022
XML 16 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Condensed Consolidated Statement of Changes in Equity
In Thousands, except Share data
Share capital
USD ($)
Share capital
CNY
Additional paid-in Capital
USD ($)
Additional paid-in Capital
CNY
Treasury stock
USD ($)
Treasury stock
CNY
Accumulated other comprehensive (loss)/income
USD ($)
Accumulated other comprehensive (loss)/income
CNY
Retained earnings
USD ($)
Retained earnings
CNY
Non-controlling interests
USD ($)
Non-controlling interests
CNY
Total
USD ($)
Total
CNY
Balance at Mar. 31, 2014   50   798,221   (2,815)   84,263   555,323   4,954   1,439,996
Balance, shares at Mar. 31, 2014   73,140,147       (136,899)               73,003,248
Net income                   56,985   (149) 9,259 56,836
Other comprehensive income               (2,870)           (2,870)
Balance at Sep. 30, 2014 $ 8 50 $ 130,046 798,221 $ (459) (2,815) $ 13,260 81,393 $ 99,756 612,308 $ 783 4,805 $ 243,394 1,493,962
Balance, shares at Sep. 30, 2014 73,140,147       (136,899)               73,003,248  
XML 17 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Bank loan (Details) (Short-term bank loan)
In Thousands, unless otherwise specified
0 Months Ended
Aug. 25, 2014
Aug. 12, 2013
Aug. 25, 2014
USD ($)
Aug. 25, 2014
CNY
Aug. 12, 2013
CNY
Bank loan          
Amount borrowed     $ 9,775 60,000 60,000
Term of the loan 1 year 1 year      
Monthly fixed interest rate (as a percent)     0.60% 0.60% 0.60%
XML 18 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Convertible notes (Details 2) (USD $)
In Thousands, unless otherwise specified
1 Months Ended 6 Months Ended
Nov. 30, 2014
Golden Meditech Holdings Limited (GMHL)
Magnum And CGL Member
Sep. 30, 2014
Convertible notes
Nov. 30, 2014
Convertible notes
GMHL Notes
Golden Meditech Holdings Limited (GMHL)
Nov. 30, 2014
Convertible notes
Magnum
Nov. 30, 2014
Convertible notes
CGL
Debt Instrument          
Guaranteed internal rate of return   12.00%      
Aggregate principal amount     $ 50,000 $ 25,000 $ 25,000
Interest rate   7.00%      
Consideration of sale of the GM Note $ 88,090        
Debt issuance costs, period amortized   5 years      
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Unaudited Condensed Consolidated Statements of Cash Flows
In Thousands, unless otherwise specified
6 Months Ended
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
CNY
Cash flows from operating activities:      
Net cash provided by operating activities $ 48,174 295,691 229,623
Cash flows from investing activities:      
Purchase of property, plant and equipment (3,651) (22,407) (57,069)
Proceeds from disposal of property, plant and equipment 2 12 178
Net cash used in investing activities (3,649) (22,395) (56,891)
Cash flows from financing activities:      
Repayments of bank loan (9,775) (60,000) (50,000)
Proceeds from bank loan 9,775 60,000 60,000
Payments for repurchase of shares     (4,422)
Payments for debt issuance costs     (3,242)
Net cash provided by financing activities     2,336
Effect of foreign currency exchange rate change on cash and cash equivalents 54 330 213
Net increase in cash and cash equivalents 44,579 273,626 175,281
Cash and cash equivalents at beginning of period 306,761 1,882,901 1,494,099
Cash and cash equivalents at end of period 351,340 2,156,527 1,669,380
Non-cash investing activities:      
Payable for property, plant and equipment     14,789
Supplemental disclosures of cash flow information:      
Cash paid for income taxes 3,858 23,680 30,888
Cash refund for income taxes 2,978 18,279  
Cash paid for interest, net of capitalized interest $ 4,605 28,268 51,670
XML 21 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Condensed Consolidated Balance Sheets (Parenthetical)
In Thousands, except Share data, unless otherwise specified
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Mar. 31, 2014
USD ($)
Mar. 31, 2014
CNY
Unaudited Condensed Consolidated Balance Sheets        
Accounts receivable, allowance for doubtful accounts $ 3,860 23,691   20,322
Non-current accounts receivable, allowance for doubtful accounts $ 7,869 48,300   42,703
Ordinary shares, par value per share $ 0.0001   $ 0.0001  
Ordinary shares, shares authorized 250,000,000 250,000,000 250,000,000 250,000,000
Ordinary shares, shares issued 73,140,147 73,140,147 73,140,147 73,140,147
Ordinary shares, shares outstanding 73,003,248 73,003,248 73,003,248 73,003,248
Treasury stock, shares 136,899 136,899 136,899 136,899
XML 22 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Convertible notes (Tables)
6 Months Ended
Sep. 30, 2014
Convertible notes.  
Schedule of Convertible Notes

 

 

 

March 31,

 

September 30,

 

 

 

2014

 

2014

 

2014

 

 

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

Principal amount of the KKR Note

 

403,315 

 

401,950 

 

65,486 

 

Principal amount of the GM Note

 

310,302 

 

309,192 

 

50,373 

 

Cumulative interest payable

 

64,136 

 

86,085 

 

14,025 

 

Carrying amount

 

777,753 

 

797,227 

 

129,884 

 

 

Schedule of Interest Relating to KKR Notes and GM Notes

 

 

 

Three months ended September 30,

 

Six months ended September 30,

 

 

 

2013

 

2014

 

2013

 

2014

 

 

 

RMB

 

RMB

 

US$

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KKR Note interest incurred

 

12,190

 

13,488

 

2,197

 

24,320

 

26,638

 

4,340

 

GM Note interest incurred

 

9,496

 

9,843

 

1,604

 

18,827

 

19,587

 

3,191

 

Amortization of debt issuance costs

 

912

 

912

 

149

 

1,819

 

1,814

 

295

 

Notes related interest cost capitalized

 

(6,600

)

 

 

(14,789

)

 

 

Total interest expense

 

15,998

 

24,243

 

3,950

 

30,177

 

48,039

 

7,826

 

 

XML 23 R1.htm IDEA: XBRL DOCUMENT v2.4.0.8
Document and Entity Information
6 Months Ended
Sep. 30, 2014
Document and Entity Information  
Document Type 6-K/A
Amendment Flag true
Amendment Description This Amendment No. 1 (the "Amendment") to the Report of Foreign Private Issuer on Form 6-K (the "Original 6-K"), originally furnished by China Cord Blood Corporation to the Securities and Exchange Commission on November 25, 2014, amends the Original 6-K to include an unaudited condensed consolidated statement of changes in equity, unaudited condensed consolidated statements of cash flows, notes to the unaudited condensed consolidated financial statements and the applicable interactive data file as Exhibit 101, which provides the unaudited condensed consolidated financial statements in XBRL (eXtensible business reporting language), and to provide for the incorporation by reference described below. No other changes have been made to the Original 6-K. This Amendment does not reflect events that may have occurred subsequent to the original submission date and does not modify or update in any way the disclosures made in the Original 6-K.
Document Period End Date Sep. 30, 2014
Entity Registrant Name China Cord Blood Corp
Entity Central Index Key 0001467808
Trading Symbol CO
Current Fiscal Year End Date --03-31
Document Fiscal Year Focus 2015
Document Fiscal Period Focus Q2
XML 24 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net income per share (Tables)
6 Months Ended
Sep. 30, 2014
Net income per share  
Schedule of Basic and Diluted Net Earnings Per Share

 

 

 

 

 

 

Three months ended September 30,

 

 

 

Note

 

2013

 

2014

 

2014

 

 

 

 

 

RMB

 

RMB

 

US$

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to the Company’s shareholders

 

 

 

24,904

 

27,249

 

4,439

 

Earnings allocated to participating convertible notes

 

(i)

 

(722

)

(1,638

)

(267

)

Net income for basic and diluted net income per share

 

 

 

24,182

 

25,611

 

4,172

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding for basic and diluted net income per share

 

 

 

73,003,248

 

73,003,248

 

73,003,248

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to ordinary shares:

 

 

 

 

 

 

 

 

 

- Basic

 

 

 

0.33

 

0.35

 

0.06

 

- Diluted

 

(ii)

 

0.33

 

0.35

 

0.06

 

 

 

 

 

 

Six months ended September 30,

 

 

 

Note

 

2013

 

2014

 

2014

 

 

 

 

 

RMB

 

RMB

 

US$

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to the Company’s shareholders

 

 

 

57,810

 

56,985

 

9,283

 

Earnings allocated to participating convertible notes

 

(i)

 

(4,417

)

(4,246

)

(692

)

Net income for basic and diluted net income per share

 

 

 

53,393

 

52,739

 

8,591

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding for basic and diluted net income per share

 

 

 

73,003,248

 

73,003,248

 

73,003,248

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to ordinary shares:

 

 

 

 

 

 

 

 

 

- Basic

 

 

 

0.73

 

0.72

 

0.12

 

- Diluted

 

(ii)

 

0.73

 

0.72

 

0.12

 

 

Notes:

 

(i)

The KKR Note and GM Note provide KKRCHIL and GMHL with the ability to participate in any excess cash dividend. Excess cash dividend means any cash dividend to holders of shares that, together with all other cash dividends previously paid to holders of shares in the same financial year, exceeds, on a per share basis, an amount equal to the interest that has accrued and shall accrue at 7% coupon interest rate in such financial year divided by the number of shares into which the Notes are convertible at the conversion price then in effect on the relevant record date. Therefore, net income attributable to the Company’s shareholders is reduced by such allocated earnings to participating convertible notes for each reporting period in both basic and diluted net income per share computation.

 

(ii)

During the three and six months ended September 30, 2013 and 2014, the Company had potentially dilutive ordinary shares of 40,521,495 respectively, representing shares issuable upon conversion of the Notes (see Note 5). Such potentially dilutive ordinary shares were excluded from diluted net income per share computation because their effects would have been anti-dilutive.

 

XML 25 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Condensed Consolidated Statements of Comprehensive Income
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
CNY
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
CNY
Unaudited Condensed Consolidated Statements of Comprehensive Income            
Revenues $ 24,784 152,122 141,635 $ 49,764 305,453 270,356
Direct costs (4,944) (30,348) (27,360) (9,795) (60,124) (51,852)
Gross profit 19,840 121,774 114,275 39,969 245,329 218,504
Operating expenses            
Research and development (380) (2,330) (2,310) (787) (4,829) (4,833)
Sales and marketing (5,043) (30,953) (27,633) (10,214) (62,696) (56,057)
General and administrative (5,055) (31,028) (28,042) (9,804) (60,174) (55,444)
Total operating expenses (10,478) (64,311) (57,985) (20,805) (127,699) (116,334)
Operating income 9,362 57,463 56,290 19,164 117,630 102,170
Other expense, net            
Interest income 766 4,704 4,312 1,461 8,970 8,494
Interest expense (4,107) (25,209) (16,461) (8,163) (50,104) (31,219)
Exchange gain/(loss) (30) (182) 69   (2) (55)
Dividend income       195 1,196 8,722
Others 111 680 514 211 1,297 1,044
Total other expense, net (3,260) (20,007) (11,566) (6,296) (38,643) (13,014)
Income before income tax 6,102 37,456 44,724 12,868 78,987 89,156
Income tax expense (1,664) (10,214) (19,706) (3,609) (22,151) (31,079)
Net income 4,438 27,242 25,018 9,259 56,836 58,077
Net income attributable to non-controlling interests 1 7 (114) 24 149 (267)
Net income attributable to China Cord Blood Corporation's shareholders 4,439 27,249 24,904 9,283 56,985 57,810
Net income per share: Attributable to ordinary shares            
Basic $ 0.06 0.35 0.33 $ 0.12 0.72 0.73
Diluted $ 0.06 0.35 0.33 $ 0.12 0.72 0.73
Other comprehensive income            
Net effect of foreign currency translation, net of nil tax 149 913 2,789 235 1,442 9,594
Net unrealized gain/(loss) in available-for-sale equity securities, net of nil tax (1,437) (8,818) 59,220 (703) (4,312) 83,558
Comprehensive income 3,150 19,337 87,027 8,791 53,966 151,229
Comprehensive income attributable to non-controlling interests 1 7 (114) 24 149 (267)
Comprehensive income attributable to China Cord Blood Corporation's shareholders $ 3,151 19,344 86,913 $ 8,815 54,115 150,962
XML 26 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Convertible notes
6 Months Ended
Sep. 30, 2014
Convertible notes.  
Convertible notes

5Convertible notes

 

The carrying amount of the convertible notes to KKR China Healthcare Investment Limited (“KKRCHIL”) (the “KKR Note”) and to Golden Meditech Holdings Limited (“GMHL”), which is a major shareholder of the Company, (the “GM Note”) (collectively the “Notes”), is summarized in the following table:

 

 

 

March 31,

 

September 30,

 

 

 

2014

 

2014

 

2014

 

 

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

Principal amount of the KKR Note

 

403,315 

 

401,950 

 

65,486 

 

Principal amount of the GM Note

 

310,302 

 

309,192 

 

50,373 

 

Cumulative interest payable

 

64,136 

 

86,085 

 

14,025 

 

Carrying amount

 

777,753 

 

797,227 

 

129,884 

 

 

The Company accrued interest on the Notes based on the guaranteed 12% internal rate of return per annum. The difference between the accrued interest rate of 12% and the coupon rate of 7% of the Notes is recorded in convertible notes in the unaudited condensed consolidated balance sheets. Debt issuance costs capitalized in connection with the issuance of the Notes are amortized from the date the Notes were issued to the earliest date the holders of the Notes can demand payment, which is five years.

 

In November 2014, GMHL completed the sale of the GM Note of US$50,000 in aggregate principal amount to Magnum Opus International Holdings Limited (“Magnum”), which is controlled by the Company’s chairman, and Cordlife Group Limited (“CGL”), for a total consideration of US$88,090. As a result, GMHL caused the Company to issue the note of US$25,000 in aggregate principal amount to each of Magnum and CGL. The GM Note was simultaneously cancelled. The Company, Magnum and CGL agreed to be bound by the terms of the registration rights agreement as though Magnum and CGL were original parties thereto.

 

Interest relating to the Notes was recognized as follows:

 

 

 

Three months ended September 30,

 

Six months ended September 30,

 

 

 

2013

 

2014

 

2013

 

2014

 

 

 

RMB

 

RMB

 

US$

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KKR Note interest incurred

 

12,190

 

13,488

 

2,197

 

24,320

 

26,638

 

4,340

 

GM Note interest incurred

 

9,496

 

9,843

 

1,604

 

18,827

 

19,587

 

3,191

 

Amortization of debt issuance costs

 

912

 

912

 

149

 

1,819

 

1,814

 

295

 

Notes related interest cost capitalized

 

(6,600

)

 

 

(14,789

)

 

 

Total interest expense

 

15,998

 

24,243

 

3,950

 

30,177

 

48,039

 

7,826

 

 

XML 27 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Bank loan
6 Months Ended
Sep. 30, 2014
Bank loan  
Bank loan

4Bank loan

 

On August 12, 2013, the Group borrowed RMB60,000 from Hangzhou Bank for one year. The loan bears a monthly fixed interest rate at 0.6%. The Group repaid the bank loan in full on August 11, 2014.

 

On August 25, 2014, the Group borrowed RMB60,000 (US$9,775) from Hangzhou Bank for one year. The loan bears a monthly fixed interest rate at 0.6%.

 

The bank loans are denominated in RMB and are collateralized by certain buildings of the Group (see Note 3).

 

XML 28 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Convertible notes (Details) (Convertible notes)
In Thousands, unless otherwise specified
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Mar. 31, 2014
CNY
Sep. 30, 2014
KKR Notes
USD ($)
Sep. 30, 2014
KKR Notes
CNY
Mar. 31, 2014
KKR Notes
CNY
Sep. 30, 2014
GMHL Notes
Golden Meditech Holdings Limited (GMHL)
USD ($)
Sep. 30, 2014
GMHL Notes
Golden Meditech Holdings Limited (GMHL)
CNY
Mar. 31, 2014
GMHL Notes
Golden Meditech Holdings Limited (GMHL)
CNY
Debt Instrument                  
Principal amount of Notes       $ 65,486 401,950 403,315      
Principal amount of Notes             50,373 309,192 310,302
Cumulative interest payable 14,025 86,085 64,136            
Carrying amount $ 129,884 797,227 777,753            
XML 29 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Principal activities and basis of presentation (Details)
Sep. 30, 2014
item
Principal activities and basis of presentation  
Number of cord blood banking licenses issued that are held by the Company 3
Foreign currency convenience translation rate 6.1380
XML 30 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of significant accounting policies (Policy)
6 Months Ended
Sep. 30, 2014
Summary of significant accounting policies  
Principles of consolidation

 

 

Principles of consolidation

 

The accompanying unaudited condensed consolidated financial statements include the financial statements of the Company and its majority-owned subsidiaries. For consolidated subsidiaries where the Company’s ownership is less than 100%, the outside shareholders’ interests are shown as non-controlling interests. All significant intercompany balances and transactions have been eliminated in consolidation. The Company has no involvement with variable interest entities.

 

Use of estimates

Use of estimates

 

The preparation of the consolidated financial statements, in accordance with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the establishment of the selling prices of multiple deliverables in revenue arrangements, the estimation of direct costs for the provision of donated cord blood for transplantation and research, the useful lives of property, plant and equipment and intangible assets, the valuation of property, plant and equipment, intangible assets and investment securities, the valuation allowances for receivables and deferred tax assets and the realizability of inventories.

 

XML 31 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income tax
6 Months Ended
Sep. 30, 2014
Income tax  
Income tax

6Income tax

 

The Company’s PRC subsidiaries are subject to PRC statutory income tax rate of 25% unless otherwise specified.

 

In February 2012, Beijing Jiachenhong Biological Technologies Co., Ltd. (“Beijing Jiachenhong”) received approval from the tax authority on the renewal of its High and New Technology Enterprise (“HNTE”) status which entitled it to the preferential income tax rate of 15% effective retroactively from January 1, 2011 to December 31, 2013. Subject to reapplication, Beijing Jiachenhong’s HNTE status will enable it to the preferential income tax rate of 15% from January 1, 2014 to December 31, 2016. Management believes that Beijing Jiachenhong meets all the criteria required in connection with the reapplication of HNTE status and therefore applied 15% when recognizing current tax.

 

In June 2011, Guangzhou Municipality Tianhe Nuoya Bio-engineering Co., Ltd. (“Guangzhou Nuoya”) received approval from the tax authority that it qualified as a HNTE which entitled it to the preferential income tax rate of 15% effective retrospectively from January 1, 2010 to December 31, 2012. In April 2014, Guangzhou Nuoya received approval from the tax authority on the renewal of its HNTE status which entitled it to the preferential income tax rate of 15% effective retroactively from January 1, 2013 to December 31, 2015.

 

The new Enterprise Income Tax law and its implementation rules impose a withholding tax at 10%, unless reduced by a tax treaty or agreement, for dividends receivable by non-PRC-resident enterprises from PRC-resident enterprises in respect of earnings accumulated beginning on January 1, 2008. During the period ended September 30, 2013, withholding tax of RMB6,000 was levied on dividends distributed by the Company’s PRC subsidiary to the holding company outside the PRC. As of March 31, 2014 and September 30, 2014, the Company has provided RMB3,900 and RMB6,500 (US$1,059), respectively, for withholding income tax on a portion of the undistributed earnings of its PRC subsidiaries according to management’s reinvestment plan. No income taxes were provided for the remaining undistributed earnings which are intended to be reinvested indefinitely in the PRC. As of September 30, 2014, such unremitted earnings that may be subject to the withholding tax amounted to RMB844,481 (US$137,582) and the related unrecognized deferred tax liability was RMB84,448 (US$13,758).

 

The Company’s effective income tax rates for the three months ended September 30, 2013 and 2014 were 44.1% and 27.3%, and were 34.9% and 28.0% for the six months ended September 30, 2013 and 2014, respectively. The effective income tax rates for the three and six months ended September 30, 2013 and 2014 differ from the PRC statutory income tax rate of 25% primarily due to the effect of Beijing Jiachenhong and Guangzhou Nuoya’s preferential tax treatments, which is offset by the effect of non-PRC entities not being subject to income tax, and the effect of withholding tax.

 

As of and for the six months ended September 30, 2014, the Company did not have any material unrecognized tax benefits and thus no interest and penalties related to unrecognized tax benefits were recorded. In addition, the Company does not expect that the amount of unrecognized tax benefits will change significantly within the next twelve months.

 

XML 32 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net income per share
6 Months Ended
Sep. 30, 2014
Net income per share  
Net income per share

7Net income per share

 

The following table sets forth the computation of basic net income per share and diluted net income per share for the three and six months ended September 30, 2013 and 2014  respectively:

 

 

 

 

 

Three months ended September 30,

 

 

 

Note

 

2013

 

2014

 

2014

 

 

 

 

 

RMB

 

RMB

 

US$

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to the Company’s shareholders

 

 

 

24,904

 

27,249

 

4,439

 

Earnings allocated to participating convertible notes

 

(i)

 

(722

)

(1,638

)

(267

)

Net income for basic and diluted net income per share

 

 

 

24,182

 

25,611

 

4,172

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding for basic and diluted net income per share

 

 

 

73,003,248

 

73,003,248

 

73,003,248

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to ordinary shares:

 

 

 

 

 

 

 

 

 

- Basic

 

 

 

0.33

 

0.35

 

0.06

 

- Diluted

 

(ii)

 

0.33

 

0.35

 

0.06

 

 

 

 

 

 

Six months ended September 30,

 

 

 

Note

 

2013

 

2014

 

2014

 

 

 

 

 

RMB

 

RMB

 

US$

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to the Company’s shareholders

 

 

 

57,810

 

56,985

 

9,283

 

Earnings allocated to participating convertible notes

 

(i)

 

(4,417

)

(4,246

)

(692

)

Net income for basic and diluted net income per share

 

 

 

53,393

 

52,739

 

8,591

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding for basic and diluted net income per share

 

 

 

73,003,248

 

73,003,248

 

73,003,248

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to ordinary shares:

 

 

 

 

 

 

 

 

 

- Basic

 

 

 

0.73

 

0.72

 

0.12

 

- Diluted

 

(ii)

 

0.73

 

0.72

 

0.12

 

 

Notes:

 

(i)

The KKR Note and GM Note provide KKRCHIL and GMHL with the ability to participate in any excess cash dividend. Excess cash dividend means any cash dividend to holders of shares that, together with all other cash dividends previously paid to holders of shares in the same financial year, exceeds, on a per share basis, an amount equal to the interest that has accrued and shall accrue at 7% coupon interest rate in such financial year divided by the number of shares into which the Notes are convertible at the conversion price then in effect on the relevant record date. Therefore, net income attributable to the Company’s shareholders is reduced by such allocated earnings to participating convertible notes for each reporting period in both basic and diluted net income per share computation.

 

(ii)

During the three and six months ended September 30, 2013 and 2014, the Company had potentially dilutive ordinary shares of 40,521,495 respectively, representing shares issuable upon conversion of the Notes (see Note 5). Such potentially dilutive ordinary shares were excluded from diluted net income per share computation because their effects would have been anti-dilutive.

 

XML 33 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Property, plant and equipment, net (Tables)
6 Months Ended
Sep. 30, 2014
Property, plant and equipment, net  
Schedule of Property, Plant and Equipment, Net

 

 

 

March 31,

 

September 30,

 

 

 

2014

 

2014

 

2014

 

 

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

Buildings

 

578,513

 

580,960

 

94,649

 

Leasehold improvements

 

14,864

 

14,864

 

2,422

 

Machineries

 

118,449

 

133,208

 

21,702

 

Motor vehicles

 

14,885

 

15,272

 

2,488

 

Furniture, fixtures and office equipment

 

35,433

 

38,558

 

6,282

 

Construction-in-progress

 

9,684

 

893

 

145

 

 

 

771,828

 

783,755

 

127,688

 

Less: Accumulated depreciation

 

(145,196

)

(167,210

)

(27,242

)

Total property, plant and equipment, net

 

626,632

 

616,545

 

100,446

 

 

XML 34 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Property, plant and equipment, net (Details 2)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
CNY
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
CNY
Mar. 31, 2014
CNY
Sep. 30, 2014
Buildings
Short-term bank loan
USD ($)
Sep. 30, 2014
Buildings
Short-term bank loan
CNY
Mar. 31, 2014
Buildings
Short-term bank loan
CNY
Property, Plant and Equipment [Line Items]                    
Carrying value of buildings collateralized for loans               $ 18,093 111,052 114,570
Depreciation expense 1,979 12,146 7,560 3,649 22,398 14,998        
Bank loan $ 9,775 60,000   $ 9,775 60,000   60,000 $ 9,775 60,000 60,000
XML 35 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income tax (Details)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended 6 Months Ended 45 Months Ended 27 Months Ended 57 Months Ended 15 Months Ended
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
Sep. 30, 2014
CNY
Sep. 30, 2013
Sep. 30, 2014
PRC tax laws and rules
Sep. 30, 2013
PRC subsidiary
CNY
Sep. 30, 2014
PRC subsidiary
USD ($)
Sep. 30, 2014
PRC subsidiary
CNY
Mar. 31, 2014
PRC subsidiary
CNY
Sep. 30, 2014
PRC subsidiary
PRC tax laws and rules
CNY
Sep. 30, 2014
Beijing Jiachenhong
Dec. 31, 2016
Beijing Jiachenhong
Scenario forecast
Sep. 30, 2014
Guangzhou Nuoya
Dec. 31, 2015
Guangzhou Nuoya
Scenario forecast
Income Tax                              
Statutory income tax rate           25.00%                  
HNTE preferential tax rate                       15.00% 15.00% 15.00% 15.00%
Withholding tax rate           10.00%                  
Withholding tax amount on dividends             6,000                
Provision for income taxes on undistributed earnings                     0        
Provision for withholding tax               1,059 6,500 3,900          
Effective income tax rate 27.30% 27.30% 44.10% 28.00% 34.90%                    
Unremitted earnings that may be subject to the withholding tax 137,582 844,481   844,481                      
Unrecognized deferred tax liability from unremitted earnings of PRC subsidiaries 13,758 84,448   84,448                      
Interest and penalties related to unrecognized tax benefits       0                      
XML 36 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Condensed Consolidated Statements of Comprehensive Income (Parenthetical) (CNY)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent        
Net effect of foreign currency translation, tax 0 0 0 0
Net unrealized gain/(loss) in available-for-sale equity securities, tax 0 0 0 0
XML 37 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Property, plant and equipment, net
6 Months Ended
Sep. 30, 2014
Property, plant and equipment, net  
Property, plant and equipment, net

3Property, plant and equipment, net

 

Property, plant and equipment, net consist of the following:

 

 

 

March 31,

 

September 30,

 

 

 

2014

 

2014

 

2014

 

 

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

Buildings

 

578,513

 

580,960

 

94,649

 

Leasehold improvements

 

14,864

 

14,864

 

2,422

 

Machineries

 

118,449

 

133,208

 

21,702

 

Motor vehicles

 

14,885

 

15,272

 

2,488

 

Furniture, fixtures and office equipment

 

35,433

 

38,558

 

6,282

 

Construction-in-progress

 

9,684

 

893

 

145

 

 

 

771,828

 

783,755

 

127,688

 

Less: Accumulated depreciation

 

(145,196

)

(167,210

)

(27,242

)

Total property, plant and equipment, net

 

626,632

 

616,545

 

100,446

 

 

Depreciation expense related to property, plant and equipment for the three months ended September 30, 2013 and 2014 was RMB7,560 and RMB12,146 (US$1,979), respectively. Depreciation expense related to property, plant and equipment for the six months ended September 30, 2013 and 2014 was RMB14,998 and RMB22,398 (US$3,649), respectively.

 

As of March 31, 2014 and September 30, 2014, buildings with carrying value of RMB114,570 and RMB111,052 (US$18,093) were collateralized for a short-term bank loan of RMB60,000 and RMB60,000 (US$9,775) (see Note 4), respectively.

 

XML 38 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net income per share (Details)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
CNY
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
CNY
Sep. 30, 2014
Convertible notes
USD ($)
Sep. 30, 2014
Convertible notes
CNY
Sep. 30, 2013
Convertible notes
CNY
Sep. 30, 2014
Convertible notes
USD ($)
Sep. 30, 2014
Convertible notes
CNY
Sep. 30, 2013
Convertible notes
CNY
Net income per share                        
Interest rate             7.00% 7.00%   7.00% 7.00%  
Numerator:                        
Net income attributable to the Company's shareholders $ 4,439 27,249 24,904 $ 9,283 56,985 57,810            
Earnings allocated to participating convertible notes             (267) (1,638) (722) (692) (4,246) (4,417)
Net income for basic and diluted net income per share $ 4,172 25,611 24,182 $ 8,591 52,739 53,393            
Denominator:                        
Weighted average ordinary shares outstanding for basic and diluted net income per share 73,003,248 73,003,248 73,003,248 73,003,248 73,003,248 73,003,248            
Net income per share attributable to ordinary shares:                        
Basic $ 0.06 0.35 0.33 $ 0.12 0.72 0.73            
Diluted $ 0.06 0.35 0.33 $ 0.12 0.72 0.73            
Anti-dilutive ordinary shares             40,521,495 40,521,495 40,521,495 40,521,495 40,521,495 40,521,495
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Property, plant and equipment, net (Details)
In Thousands, unless otherwise specified
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Mar. 31, 2014
CNY
Sep. 30, 2014
Buildings
USD ($)
Sep. 30, 2014
Buildings
CNY
Mar. 31, 2014
Buildings
CNY
Sep. 30, 2014
Leasehold Improvements
USD ($)
Sep. 30, 2014
Leasehold Improvements
CNY
Mar. 31, 2014
Leasehold Improvements
CNY
Sep. 30, 2014
Machineries
USD ($)
Sep. 30, 2014
Machineries
CNY
Mar. 31, 2014
Machineries
CNY
Sep. 30, 2014
Motor Vehicles
USD ($)
Sep. 30, 2014
Motor Vehicles
CNY
Mar. 31, 2014
Motor Vehicles
CNY
Sep. 30, 2014
Furniture, Fixtures and Office Equipment
USD ($)
Sep. 30, 2014
Furniture, Fixtures and Office Equipment
CNY
Mar. 31, 2014
Furniture, Fixtures and Office Equipment
CNY
Sep. 30, 2014
Construction-in-Progress
USD ($)
Sep. 30, 2014
Construction-in-Progress
CNY
Mar. 31, 2014
Construction-in-Progress
CNY
Property, Plant and Equipment                                          
Property, plant and equipment $ 127,688 783,755 771,828 $ 94,649 580,960 578,513 $ 2,422 14,864 14,864 $ 21,702 133,208 118,449 $ 2,488 15,272 14,885 $ 6,282 38,558 35,433 $ 145 893 9,684
Less: Accumulated depreciation (27,242) (167,210) (145,196)                                    
Total property, plant and equipment, net $ 100,446 616,545 626,632