12.032,350 200 GMP : C A
2 3 4 8 18 21 35 42 44 45 46 48 49 51 53 109 1
141 2801-2805 (852) 2854 3393 (852) 2544 1269 publicrelation@winteamgroup.com.hk 00570 10 8 183 17 1712-16 http://www.winteamgroup.com 2
670,175 443,533 51.1% 322,696 158,284 103.9% 90,465 53,405 69.4% 44,054 20,330 116.7% 171,160 77,630 120.5% ( ) 2.82 2.45 15.1% () 700 670.2 ( ) 350 322.7 600 300 500 443.5 250 400 300 355.9 200 150 124.5 158.3 200 100 100 50 0 0 () 45 40 35 30 44.1 ( ) 180 160 140 120 171.1 25 20 20.3 100 80 77.6 15 60 51.6 10 8.4 40 5 20 0 0 3
4
18% 10,230 4.4451.1% 6.709,578.6 5,478.374.8%116.7%4,405.4 2.82 15.1% 5
IMS Health 20092011 8500 60 2; 2009 11 20092009 1203( 200 OTC 6
20102012 7
8
4.44 51.1% 6.70 2.58 38.5% 9,578.6 5,478.374.8%116.7% 4,405.4 2.82 15.1% 9
(1) 100% 12 2009 29 (2) 100% GSP GMP (3) 93% 49% 51% 96.57% 17 200927 38 OTC OTC 10
64120 2009 3,00026 4.08 60.8% C 200 11
OTC OTC -- ( )E ( ) () 12
() -- -- 3-5 50% (GMP) (GSP) 2010 1. OTC 13
2. 3. 2009 4. ;; 5. 6. 4.44 51.1% 6.70 2.58 38.5% 14
3.47 2.85 21.8% 63.1% 12.0% 24.9% 64.5% 12.4% 23.1% 48.2% 35.7% 12.5 1,318.8 498.1 164.9% 771.9 935.4 2.40 1.08 121.3% : (%) 24.1 14.9 (%) 11.7 9.5 (%) 35.8 24.4 1.62 6,623.71.02,070.1 672.7 3,410.0 OTC 15
7,847.3 4,224.53,371.4577.0 1,184.5 2,714.4 9,578.6 5,478.3 74.8% 12.4% 14.3% 532.1137.8 8,404.2 1,819.0 5.6% 7.84% 2,223.9 493.8 25% 15% 116.7% 4,405.4 4.6% 6.6% 16
5.08 3.10 2.341.56 2.68 1.212.401.89 2.571.9, 2008 5.1% 2009 12.2% 8,404.21,819.0 5,951.0 2,350969 8601,150340 1.0 6,501.2 17
60 55 15 H 921 A 42 20 18
40 34 51 378 729 110 8037351 38 TRG Management Hong Kong Limited The Rohatyn Group 19
49 600062 10 64 40 : 600789 20
WING SHAN INTERNATIONAL LIMITEDWINTEAM PHARMACEUTICAL GROUP LIMITED WING SHAN INT L WINTEAM PHARMA 141 2801-2805 44 108 0.7 44,054,00020,330,000 13 21
28 109 110 17 22
3.13 92 101 18 20 23
100,000 XV XV78 352 ( ) (%) 564,102,563 564,102,563 34.64 564,102,563 564,102,563 34.64 268,000 268,000 0.02 50% 25% 24
352 77,500,000 155,000,000 77,500,000 352 (%) ( 4) 641,602,563 641,602,563 39.40 1 2 641,602,563 641,602,563 39.40 1 3 268,000 268,000 0.02 1. 564,102,56325%50% 2. 77,500,000 3. 77,500,000 4. 25
564,102,563 233,334,000 336 % 605,290,886 37.17 1 605,290,886 37.17 1 564,102,563 34.64 2 564,102,563 34.64 2 564,102,563 34.64 2 564,102,563 34.64 2 564,102,563 34.64 2 1. 605,290,886 605,290,886 2. 564,102,563 25% 25%50% 25% 25% 26
336 77,500,000 155,000,000 336 % 5 605,290,886 37.17 1 605,290,886 37.17 1 564,102,563 34.64 2 564,102,563 34.64 2 77,500,000 4.76 3 564,102,563 34.64 2 77,500,000 4.76 4 564,102,563 34.64 2 564,102,563 34.64 2 27
1. 605,290,886 605,290,886 2. 564,102,56325% 25%50% 25% 25% 3. 77,500,000 4. 77,500,000 5. (i) 28
(ii) (iii) (iv) 1.00 (v) (a) (b) 5 (c) (vi) 10%10% 30% 162,841,080 10% 29
(vii) 12 (),1%1%,, 25.5 30
300,000,000 300,000,000 80,000,000220,000,000 564,102,563 233,334,000 25% 25% 50% 4,000,000 25.5% 31
93% 93% 116,000,000 49%51% 93% 49% 77,500,000 0.85 130,000,000 155,000,000 32
25.5% 40,000,00050,000,00062,500,000 22% 19% 5% 5(b) 26 33 33
35 41 35 41 25% 34
35
3.13 3.13 36
6/6 100% 4/4 100% 5/5 100% 6/6 100% 6/6 100% 1/1 100% 5/5 100% 5/5 100% 4/4 100% 1/4 25% 1/1 100% 1/1 100% 1/1 100% 37
A.4.2 92 101 3.10 3.21 3.21 38
2/2 100% 2/2 100% 1/1 100% 0/1 0% 39
1/1 100% 1/1 100% 1/1 100% 0/1 0% 1/1 100% 42 43 40
1,700,000 1,700,000 (a) (b) (c) (d) (e) 41
44 108 141 42
10 8 43
3 670,175 443,533 (347,479) (285,249) 322,696 158,284 4 12,004 4,233 4 1,184 748 (161,625) (66,237) (78,473) (42,245) 95,786 54,783 5(a) (5,321) (1,378) 5 90,465 53,405 6 (22,239) (4,938) 68,226 48,467 44,054 20,330 24,172 28,137 68,226 48,467 11 2.82 2.45 53 108 44
68,226 48,467 4,109 29,533 1,358 (587) 5,467 28,946 73,693 77,413 49,258 38,804 24,435 38,609 73,693 77,413 53 108 45
13 247,352 135,763 7,305 8,165 92,438 26,305 347,095 170,233 14 14,396 1,364 15 135,127 78,706 16 186,197 141,037 18 5,828 2,743 21(b) 6,045 694,688 394,083 19 115,041 82,457 20 159,710 68,490 21(a) 1,440 1,529 22 22,033 7,958 22 211,462 147,764 508,246 309,638 23 169,366 99,786 24 84,042 18,190 21(a) 8,493 25 6,283 2,553 268,184 120,529 240,062 189,109 934,750 583,192 53 108 46
21(b) 55,261 28,078 25 7,625 62,886 28,078 871,864 555,114 28(b) 162,841 83,097 523,273 276,207 686,114 359,304 185,750 195,810 871,864 555,114 53 108 47
17 589,388 282,438 20 296 5,996 22 5,137 17,688 5,433 23,684 23 2,076 6,900 2,076 6,900 3,357 16,784 592,745 299,222 28(a) 162,841 83,097 429,904 216,125 592,745 299,222 53 108 48
83,097 204,057 297 22,059 7,631 792 6,232 324,165 173,263 497,428 (4,155) (4,155) (4,155) 18,414 328 (268) 20,330 38,804 38,609 77,413 10,237 (10,237) (16,062) (16,062) 490 490 490 (490) 490 83,097 204,057 297 40,473 18,196 524 12,660 359,304 195,810 555,114 53 108 49
83,097 204,057 297 40,473 18,196 524 12,660 359,304 195,810 555,114 (11,399) (11,399) (11,399) 79,744 209,207 288,951 288,951 4,428 776 44,054 49,258 24,435 73,693 4,650 (4,650) (34,495) (34,495) 162,841 413,264 297 44,901 22,846 1,300 40,665 686,114 185,750 871,864 53 108 50
90,465 53,405 52,173 35,217 5(c) 1,811 5(c) 550 125 5(a) 5,321 1,378 4 (1,444) (1,385) 4 (92) 4 503 45 490 68 4,322 147,544 95,408 (1,238) (9,562) 15,347 4,143 1,529 (31) 21,614 7,381 184,796 97,339 (13,636) (19,709) 171,160 77,630 (13,417) (4,050) (14,075) (7,958) (12,532) (1,211) 32(c) (67,141) 1,444 1,385 92 (105,629) (11,834) 53 108 51
70,000 199,725 17,696 (220,978) (5,321) (1,378) (34,495) (16,062) (11,399) (4,155) (2,468) (3,899) 63,063 61,897 147,764 82,364 635 3,503 211,462 147,764 53 108 52
1 (a) 2 (b) 1(e) 35 53
1 (c) 1(k) (d) 1(k) 54
1 (d) (e) 1(k) 1(t)(iii) 1(k) (f) 1(j) 1(k) 1(t)(ii) 55
1 (f) 1(j) 1(j) (g) 1(k) 50 56
1 (h) 1(k) (i) 1(v) 1(k) 1(k) 57
1 (i) (j) (i) 1(f) (ii) 58
1 (k) (i) 59
1 (k) (i) (ii) 60
1 (k) (ii) 61
1 (k) (iii) 34 1(k)(i) (ii) (l) (m) 1(k) 1(k) 62
1 (n) (o) (p) (q) (i) (ii) 63
1 (q) (ii) 2 (r) 64
1 (r) 65
1 (r) (s) (t) (i) 66
1 (t) (ii) (iii) (iv) (v) (u) 67
1 (u) (v) (w) (i) (ii) (iii) (iv) 68
1 (w) (v) (i) (vi) (x) 2 8 1 7 69
2 27 23 23 8 8 12 1 7 29 f) 7 27 70
3 351,532 294,311 53,097 51,939 74,555 190,991 97,283 670,175 443,533 4 25 9,354 1,635 1,444 1,385 1,114 1,213 92 12,004 4,233 (503) (45) (68) 794 1,755 (1) 1,184 748 71
5 (a) 5,321 1,378 (b) 95,265 62,655 5,037 2,357 100,302 65,012 (c) 1,890 1,870 292 293 2,223 621 26,091 18,649 23,567 15,654 550 125 1,811 546 373 11,845 2,054 (1,114) (750) 72
6 (a) 25,604 11,558 717 577 26,321 12,135 (4,082) (7,197) 22,239 4,938 25% 15% 15% 5% 73
6 (b) 90,465 53,405 28,014 16,007 924 1,623 (984) (165) (6,422) (8,636) (8,159) 2,204 1,477 717 577 22,239 4,938 7 161 90 668 501 29 1,288 100 555 300 25 980 100 555 300 25 980 56 462 360 20 898 6 40 2 48 100 100 89 89 89 89 56 56 56 56 11 11 5 5 22 22 780 2,280 1,461 101 4,622 74
7 100 100 100 660 220 33 1,013 100 420 105 21 646 100 420 105 21 646 100 100 100 100 100 100 700 1,500 430 75 2,705 8 723 2,707 9 732 2,707 1,000,000 1 3 75
9 12,029,000 8,121,000 (12,029) (8,121) 28,000 16,803 28 a 15,971 8,682 10 (a) 0.7 11,399 (b) 0.7 0.5 11,399 4,155 76
11 (a) 44,054,000 20,330,000 1,561,958,000 830,974,000 (b) 12 8 (a) 77
12 (a) 223,470 178,702 186,264 71,988 9,751 670,175 9,616 9,616 223,470 178,702 186,264 71,988 19,367 679,791 116,601 64,453 135,503 36,531 2,230 355,318 251,366 192,167 443,533 251,366 192,167 443,533 116,947 61,630 178,577 78
12 (b) 679,791 443,533 (9,616) 670,175 443,533 355,318 178,577 (1,107) 354,211 178,577 13,188 4,981 (161,625) (66,237) (78,473) (42,245) (5,321) (1,378) (31,515) (20,293) 90,465 53,405 (c) 79
13 73,888 140,776 3,859 40,444 258,967 11,462 29,581 300,010 1,046 3,004 4,050 4,050 (286) (451) (47) (784) (784) 4,620 8,767 209 2,553 16,149 718 1,849 18,716 78,508 150,303 3,617 45,954 278,382 12,180 31,430 321,992 78,508 150,303 3,617 45,954 278,382 12,180 31,430 321,992 42 6,283 785 5,838 12,948 469 13,417 36,685 9,866 423 11,048 58,022 66,953 124,975 44,745 21,250 882 66,877 66,877 (369) (2,128) (302) (2,611) (5,410) (717) (6,127) 937 (46) 19 1,192 2,102 (15) 987 3,074 160,548 185,528 4,542 62,303 412,921 11,448 99,839 524,208 27,004 60,628 2,689 26,829 117,150 3,499 4,232 124,881 2,648 12,431 364 3,206 18,649 293 621 19,563 (279) (406) (47) (732) (732) 1,723 3,951 108 1,770 7,552 223 272 8,047 31,375 76,731 2,755 31,758 142,619 4,015 5,125 151,759 31,375 76,731 2,755 31,758 142,619 4,015 5,125 151,759 6,236 14,573 379 4,903 26,091 292 2,222 28,605 (311) (1,876) (273) (1,962) (4,422) (160) (4,582) 461 455 72 293 1,281 (4) 54 1,331 37,761 89,883 2,933 34,992 165,569 4,143 7,401 177,113 122,787 95,645 1,609 27,311 247,352 7,305 92,438 347,095 47,133 73,572 862 14,196 135,763 8,165 26,305 170,233 80
13 (a) (b) 480 756 221 701 756 16,093,000 13,734,000 (c) 91,310,000 24 14 1,364 144 12,532 1,211 67,282 (66,877) 95 9 14,396 1,364 81
15 69,978 39,376 109,354 4,375 2,462 6,837 74,353 41,838 116,191 74,353 41,838 116,191 70,028 9,021 79,049 (78) (39) 1,146 132 1,161 74,275 41,799 71,174 9,153 196,401 (17,495) (1,158) (18,653) (14,682) (972) (15,654) (1,811) (1,811) (1,282) (85) (1,367) (35,270) (2,215) (37,485) (35,270) (2,215) (37,485) (14,843) (983) (6,914) (827) (23,567) 26 (3) (232) (13) (222) (50,087) (3,201) (7,146) (840) (61,274) 24,188 38,598 64,028 8,313 135,127 39,083 39,623 78,706 82
16 141,037 132,738 44,721 439 8,299 186,197 141,037 114,015 114,136 26,873 26,901 40,095 2,433 2,781 186,197 141,037 3%3% 12%13% 83
17 529,542 223,569 59,846 58,869 589,388 282,438 1(c) 100% 1 100% 1 100% 1 1,000 100% 5,760,000 51% (i) 84
17 6,926,100 51% (i) 9,060,000 100% ii 24,529,300 100% iii 5,500,000 100% iv (i) (ii) (iii) (iv) 85
18 4,681 2,743 1,147 5,828 2,743 4,681 2,743 19 (a) 39,265 35,554 34,219 17,007 32,544 21,504 106,028 74,065 5,450 5,680 3,563 2,712 115,041 82,457 (b) 347,479 285,249 86
20 149,172 52,965 20(b) (8,364) (2,647) 140,808 50,318 18,902 18,172 296 5,996 159,710 68,490 296 5,996 (a) 120,040 41,651 16,473 6,715 12,659 4,599 149,172 52,965 3090 29(a) (b) 1(k)(i) 87
20 (b) 2,647 2,372 5,154 550 125 13 150 8,364 2,647 8,364,000 2,647,000 8,364,000 2,647,000 (c) 120,040 41,651 16,473 6,715 4,295 1,952 140,808 50,318 140,808,000 50,318,000 88
21 (a) 8,493 (1,440) (b) (22,675) (9,580) 844 (958) (1,436) (33,805) 4,756 962 (355) 603 5,966 407 407 2,669 475 15 (1,477) (451) 1,231 216 216 (1,387) (592) 50 (57) (19) (88) (2,093) (16,637) (8,735) 554 (392) (1,496) (1,372) (28,078) (16,637) (8,735) 554 (392) (1,496) (1,372) (28,078) (17,808) (10,574) 5,067 (1,346) 75 (24,586) 3,574 624 (345) (2,204) 2,433 4,082 (291) (291) (278) (158) 71 (1) 19 4 (343) (31,149) (18,843) 5,347 (684) (5,027) 1,140 (49,216) 89
21 (b) 6,045 (55,261) (28,078) (49,216) (28,078) 22 22,033 15,009 7,051 211,462 140,713 5,137 10,637 233,495 155,722 5,137 17,688 (22,033) (7,958) 211,462 147,764 5,137 17,688 23 63,672 20,150 74,427 55,213 2,076 6,900 31,267 24,423 169,366 99,786 2,076 6,900 90
23 63,672 20,150 24 84,042 18,190 65,871 18,171 18,190 84,042 18,190 59,511,000 91,310,000 13 c 6,360,000Foshan Hanyu Pharmaceutical Co., Ltd. 72.7% 91
24 34,071,000 29(b) 25 6,283,000 7,625,000 26 5% 20,000 5% 27 8,000,000 2 8,000,000 92
27 828,000 828,000 2,484,000 28 (a) 83,097 204,057 297 6,754 294,205 (4,155) (4,155) 8,682 8,682 490 490 (490) 490 83,097 204,057 297 11,771 299,222 83,097 204,057 297 11,771 299,222 (11,399) (11,399) 15,971 15,971 79,744 209,207 288,951 162,841 413,264 297 16,343 592,745 93
28 (b) 0.10 3,000,000 300,000 3,000,000 300,000 830,974 83,097 830,974 83,097 797,437 79,744 1,628,411 162,841 830,974 83,097 (i) 564,102,5630.10 0.39 32 (ii) 233,334,0000.10 0.30 (c) 48B 49H (d) 1(u) (e) 94
28 (f) 1(e) (g) 1 qii (h) 16,343,000 11,771,00011,399,0000.7 (i) 95
28 (i) 169,366 99,786 84,042 18,190 253,408 117,976 11,399 253,408 129,375 871,864 555,114 (11,399) 871,864 543,715 29% 24% 96
29 (a) 30 90 20 (b) 97
29 (b) 169,366 (169,366) (168,199) 98,618 (98,618) (98,618) 84,042 (85,761) (85,761) 18,190 (18,289) (18,289) 253,408 (255,127) (253,960) 116,808 (116,907) (116,907) 2,076 (2,076) (2,076) 6,900 (6,900) (6,900) 98
29 (c) (i) % % 5.60% 84,042 7.84% 18,190 (ii) 100 714,000 155,000 (d) 99
29 (e) 18 20% 796 466 (20%) (796) (466) (f) 7 1 2 3 100
29 (f) 1 2 3 4,681 4,681 4,681 4,681 30 (a) 7,502 291 (b) 360 101
31 (a) 7 4,816 4,312 110 54 4,926 4,366 5 b (b) 25.5% 25.5% 25.5% 25.5% 45.32% 27.34% 102
31 (b) 831 32(b) 4,540 122,000 6,360,000 24 103
32 (a) 100% 81,517 42,981 124,498 67,282 67,282 3,972 75,077 79,049 1,458 1,458 5,972 5,972 23,123 4,966 28,089 93,534 93,534 2,924 2,924 (c) 22,749 22,749 (30,299) (30,299) (87,105) (87,105) (13,561) (13,561) (1,346) (29,212) (30,558) 170,220 93,812 264,032 41,941 a (i) 305,973 a (ii) 220,000 (c) 85,973 305,973 104
32 (i) 5,973,000 (ii) 0.39 (iii) 45,000,000 51,102,000 (b) 31 487 (10) 477 3,256 3,256 13,036 13,036 (c) 623 623 (15,459) (15,459) (173) (173) 1,770 (10) 1,760 2,780 (c) 4,540 4,540 105
32 (c) 85,973 (22,749) 4,540 (623) 67,141 33 (a) 93% 116,000,000131,700,00049% 51% (b) 2010 4 19 22,047.017,7068,763 106
34 18 2 35 1 (a) 36 107
35 (b) (c) 36 108
( 109,627 355,880 443,533 670,175 824,038 721,751 824,038 831,378 355,880 443,533 670,175 (5,892) 477 34,164 54,783 95,786 (800,911) (459,078) (806,803) (458,601) 34,164 54,783 95,786 (6,358) (1,258) (1,378) (5,321) (18,555) (15,476) (18,555) (21,834) (1,258) (1,378) (5,321) (5,892) (5,881) 32,906 53,405 90,465 (819,466) (474,554) (825,358) (480,435) 32,906 53,405 90,465 (510) (7,871) (4,938) (22,239) 18,195 49,251 18,195 48,741 (7,871) (4,938) (22,239) (5,892) (6,391) 25,035 48,467 68,226 (801,271) (425,303) (807,163) (431,694) 25,035 48,467 68,226 (762,579) (337,401) 8,396 20,330 44,054 (44,584) (94,293) 16,639 28,137 24,172 (807,163) (431,694) 25,035 48,467 68,226 109 (91.86) (40.64) 1.01 2.45 2.82
( 1,041,826 146,858 141,817 135,763 247,352 7,663 7,963 8,165 7,305 31,821 24,127 25,349 26,305 92,438 144 1,364 14,396 6,485 98,224 90,701 78,706 135,127 123,437 132,738 141,037 186,197 1,103 3,953 2,743 5,828 31,725 6,045 94,786 87,067 128,568 189,109 240,062 1,206,643 488,479 531,233 583,192 934,750 (100,000) (296,984) (37,709) (33,805) (28,078) (55,261) (7,625) 809,659 450,770 497,428 555,114 871,864 83,015 83,015 83,097 83,097 162,841 567,670 210,243 241,068 276,207 523,273 650,685 293,258 324,165 359,304 686,114 158,974 157,512 173,263 195,810 185,750 809,659 450,770 497,428 555,114 871,864 110