NANJING SINOLIFE UNITED COMPANY LIMITED 南京中生聯合股份有限公司 NANJING SINOLIFE UNITED COMPANY LIMITED 南京中生聯合股份有限公司 於中華人民共和國註冊成立的股份有限公司 股份代號 : 3332 NANJING SINOLIFE UNITED COMPANY LIMITED 南京中生聯合股份有限公司 全 球 發 售 獨家全球協調人 獨家賬簿管理人 獨家牽頭經辦人及獨家保薦人 Sinolife_Cover_B10.indd 1 * 僅供識別 * 僅供識別 * 僅供識別 24/12/2013 10:01 AM
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(1) (3) (2) (3) (3) (4) (5) (7) (8) (6) (3)(4) (1) (2) (3) (4) (5) Conbair CoKanga (6) (7) (8) 2013 5 125
(i) (ii)conbair CoKanga 201020112012 12 31 2013 6 30 12 31 6 30 2010 2011 2012 2012 2013........... 48,410 61,332 95,744 38,547 36,635............. 41,399 55,147 88,843 35,802 33,563........... 85.5% 89.9% 92.8% 92.9% 91.6%........... 16,922 40,837 52,613 25,505 45,537............. 11,570 27,849 40,782 18,909 38,711........... 68.4% 68.2% 77.5% 74.1% 85.0% 126
12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%) Q10...... 18,107 27.1 34,504 33.4 42,179 28.0 16,489 25.4 14,969 17.4......... 1,327 1.3 24,280 16.1 12,623 19.5 2,014 2.3............. 253 0.4 574 0.6 20,076 13.4 5,063 7.8 7,391 8.6............. 483 0.7 4,751 4.6 3,526 2.4 1,405 2.2 9,443 11.0 (1)............... 29,567 44.2 20,176 19.5 5,683 3.8 2,967 4.6 2,818 3.3................. 48,410 72.4 61,332 59.4 95,744 63.7 38,547 59.5 36,635 42.6......... 1,641 2.5 7,673 7.4 22,399 14.9 11,279 17.4 13,504 15.7........... 3,980 3.9 10,311 6.8 6,600 10.2 10,312 12.0......... 627 0.9 463 0.4 557 0.4 128 0.2 25........... 2,127 3.2 6,767 6.6 5,276 3.5 931 1.4 5,339 6.2 DHA......... 17 4,450 5.2........... 3,533 5.3 7,076 6.9 1,662 1.1 937 1.4 712 0.8......... 3,680 5.5 5,766 5.6 1,323 0.9 622 1.0 860 1.0 (2)............... 5,314 7.9 9,112 8.8 11,068 7.4 5,008 7.7 10,335 12.1................. 16,922 25.3 40,837 39.6 52,613 35.0 25,505 39.3 45,537 53.0 (3)............... 1,518 2.3 1,075 1.0 2,015 1.3 767 1.2 3,793 4.4................. 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 (1) D (2) Omega-3DHA (3) 127
12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%) (1)......... 41,174 61.6 57,485 55.7 93,001 61.8 37,176 57.4 35,400 41.2 (2)......... 7,236 10.8 3,847 3.7 2,743 1.8 1,371 2.1 1,235 1.4........ 16,922 25.3 40,837 39.6 52,613 35.1 25,505 39.3 45,537 53.0 (3)................ 1,518 2.3 1,075 1.0 2,015 1.3 767 1.2 3,793 4.4.................. 25,676 38.4 45,759 44.3 57,371 38.2 27,643 42.6 50,565 58.8.................. 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 (1) (2) (3) 28 18 2001 Q10 128
業 務 輔酶Q 10片 膠囊 我們的輔酶Q10片 膠囊的作用是幫助緩解身體疲勞 我們的輔酶Q10片 膠囊於 2007年11月經國家食品藥品監督管理總局批准為保健食品 其中輔酶Q10膠囊於2012年 8月經江蘇省科技廳進一步認定為 高新技術產品 我們分別自2008年6月及2011年10 月起以中生品牌製造及銷售輔酶Q10膠囊及輔酶Q10片 現已就這兩款產品投保了總額為 人民幣1.0百萬元的一年期產品責任險 於截至2010年 2011年及2012年12月31日止年 度以及截至2013年6月30日止六個月 我們銷售輔酶Q10片 膠囊產生的營業額分別為 人民幣18.1百萬元 人民幣34.5百萬元 人民幣42.2百萬元及人民幣15.0百萬元 分別 佔我們同期總營業額的27.1% 33.4% 28.0%及17.4% 往績記錄期間 輔酶Q10片 膠囊的平均售價介乎每瓶人民幣232.5元至人民幣388.9元之間 我們的輔酶Q10片 膠囊主要含輔酶Q10 乳糖及微晶纖維素 我們不參與輔酶Q10 我們輔酶Q10片 膠囊生產過程中的主要原材料 的發酵過程 而是向第三方供應商 採購經酵輔酶Q10 每100.0克輔酶Q10片 膠囊含3.3克輔酶Q10 我們的輔酶Q10片 膠 囊的形式為片劑和硬膠囊劑 並以每瓶120片 每瓶30粒膠囊及每瓶90粒膠囊的包裝銷 售 我們輔酶Q10片 膠囊的貨架期為24個月 亞麻酸軟膠囊 我們的亞麻酸軟膠囊的作用是幫助降低血脂 其於2011年1月經國家食品藥品監 督管理總局批准為保健食品 我們自2011年10月起以中生品牌製造及銷售該產品 截 至2011年及2012年12月31日止年度以及截至2013年6月30日止六個月 我們銷售亞麻酸 軟膠囊產生的營業額分別為人民幣1.3百萬元 人民幣24.3百萬元及人民幣2.0百萬元 分別佔我們同期總營業額的1.3% 16.1%及2.3% 往績記錄期間 亞麻酸軟膠囊的平 均售價介乎每瓶人民幣167.8元至人民幣324.4元之間 129
E 100.0 45.0 120 24 2006 8 2010 82007 82010 20112012 12 312013 6 30 0.30.620.1 7.40.4% 0.6% 13.4% 8.6% 32.6 941.7 100.0 6.910.0 9012024 2002 1 2005 6 2006 720102011 130
2012 12 312013 6 30 0.54.83.59.4 0.7% 4.6% 2.4% 11.0% 155.2 311.0 100.070 6090 24 Q10 2313 24 36 201020112012 12 312013 6 30 Q10 29.620.25.72.8 44.2% 19.5% 3.8% 3.3% Conbair CoKanga27 2009 8 274.4 473.3 205.8 451.9 172.0 288.1 193.1 491.4 308.4 766.8 131
201020112012 12 312013 6 30 16.940.8 52.645.525.3% 39.6% 35.0% 53.0%Conbair CoKanga 2013 6 30 (1) 2010 1 2010 3 2010 3 2010 3 132
(1) 2010 3 2010 6 2010 11 2011 1 2011 9 2011 10 2011 10 Omega-3 2011 12 2012 1 2012 4 2012 5 DHA 2012 12 DHA E 2013 3 (1) (i) Conbair (ii)dha (iii) CoKanga 133
201020112012 12 312013 6 30 1.51.12.0 3.82.3% 1.0% 1.3% 4.4% 2014 2014 134
2016 25 2014 2015 2014 2015 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 135
2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 136
2016 2013 6 30 2014 2015 137
2014 2015 2015 2016 2015 2016 2015 2016 2015 2016 2016 2017 2016 2017 2014 2014 2014 2014 2014 2014 2014 138
........................ 2013 1 15 2014 6 30...................... 2013 1 15 2014 6 30........................ 2011 6 20 2014 6 19...................... 2010 11 4 2016 11 3 (HACCP).. 2012 10 26 2015 10 25 ISO 9001:2008................. 2012 10 24 2015 10 23 ISO 22000:2005................ 2012 10 26 2015 10 25 139
(1) 1. Q10............ 2007 11 14 2018 8 18 1 2. Q10........... 2007 11 14 2018 4 11 1 3.......... 2011 1 28 2016 1 27 0 4. (2)............ 2006 8 1 (3) 2018 7 15 1 5.............. 2005 1 24 (4) 6........ 2001 11 14 (4) 7.............. 2002 1 22 (5) (4) 8............ 2008 4 18 2013 4 17 (6)(7) 0 9. (8)........ 2006 6 23 (3) 2018 9 22 1 10. (8)............ 1998 1 13 (3) (4) 11. (9).......... 2006 8 29 2018 4 11 1 12. (8)............ 2000 3 27 (3) (4) 13. D......... 2007 9 21 2018 9 2 1 14. (8)............ 2004 6 24 (4) 15. (8)........ 2001 12 10 (3) (4) 16. (8)............ 2006 3 28 2018 9 2 1 17. (8)........ 1999 7 7 (3) (4) 140
1.......... 2004 4 15 (4) 2.............. 2002 10 31 (3) (4) 3.......... 2004 1 16 (4) 4....... 2004 1 16 (4) 5............ 2002 9 20 (4) 1.................... 2007 7 25 2012 7 24 (6)(10) 0 2.................... 2007 7 25 2018 9 4 1 3.................... 2007 7 25 2018 9 22 1 4.................... 2007 7 25 2018 9 4 1 5. D.. 2007 8 29 2018 8 8 1 (1) 2012 (2) (3) 2010 8 141
(4) 2005 7 1 2005 7 1 (5) 2005 6 (6) (7) 2013 22014 201020112012 12 312013 6 30 246,000 247,000 14,000 9,000 (8) 2013 6 30 (9) (10) 2012 42014 2010 20112012 12 312013 6 30 93.6% 95.8% 97.1% 96.2% 142
12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%).... 62,589 93.6 98,898 95.8 146,055 97.1 63,331 97.7 82,722 96.2.. 1,598 1.1 12 2,878 3.4.......... 62,589 93.6 98,898 95.8 147,653 98.2 63,343 97.7 85,600 99.6.......... 4,261 6.4 4,346 4.2 2,719 1.8 1,476 2.3 365 0.4 (1)........ 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 (1) 2013 52013 6 30 12 31 6 30 2010 2011 2012 2013 (1)........ 355.0 402.9 465.0 395.6 (2) (1)...... 133.1 60.0 (3) (1) (2) 2013 (3) 2013 2013 143
業 務 零售店 截至2013年6月30日 我們在25個城市擁有49家零售店 覆蓋中國8個省份和直轄 市 包括35家中生零售店和14家康培爾零售店 此等零售店均由我們管理 下圖顯示 我們截至2013年6月30日在中國的市場覆蓋 覆蓋省份 覆蓋城市 青島: 2 北京: 1 中生零售店 :1 濟南: 2 中生零售店 :1 康培爾零售店 :1 鹽城: 1 中生零售店 :1 康培爾零售店 :1 康培爾零售店 :1 江陰: 1 鎮江: 2 中生零售店 :1 康培爾零售店 :1 中生零售店 :1 無錫: 3 常州: 3 中生零售店 :1 康培爾零售店 :2 中生零售店 :2 康培爾零售店 :1 太倉: 1 南京: 9 中生零售店 中生零售店 :8 康培爾零售店 :1 昆山: 2 北京 溧陽: 1 康培爾零售店 濟南 青島 康培爾零售店 鎮江 :2 :1 成都 :1 成都: 1 中生零售店 :1 康培爾零售店 :1 蘇州: 5 中生零售店 :4 康培爾零售店 :1 海寧: 1 中生零售店 :1 吳江: 1 中生零售店 :1 :1 昆明 廣州 昆明: 1 康培爾零售店 鹽城 常州 江陰 太倉 南京 無錫 昆山 溧陽 武漢 蘇州 海寧 杭州 吳江 寧波 蕭山 溫州 紹興 武漢: 1 中生零售店 中生零售店 :1 杭州: 3 中生零售店 :1 深圳 寧波: 1 中生零售店 :1 :1 蕭山: 1 廣州: 1 中生零售店 中生零售店 :1 :1 紹興: 1 中生零售店 深圳: 3 中生零售店 :2 康培爾零售店 :1 :1 溫州: 1 中生零售店 144 :1
業 務 中生零售店 截至2013年6月30日 我們以中生品牌開設35家零售店 覆蓋7個省份及直轄市的 22個城市 下表載列中生零售店數目於往績記錄期間的變動 截至年 期初 截至年 期末 的零售店數目 的零售店數目 2010年............................... 13 15 2011年............................... 15 24 2012年............................... 24 34 截至2013年6月30日止六個月............. 34 35 期間 下表載列截至所示日期按地區劃分的中生零售店在中國的地理覆蓋 截至12月31日 地區 截至6月30日 2010年 2011年 2012年 2013年 江蘇................ 9 15 19 20 浙江................ 2 2 7 7 廣東................ 2 2 3 3 北京................ 1 1 1 1 湖北................ 0 1 1 1 四川................ 0 1 1 1 山東................ 1 2 2 2 145
1999 5 2013 6 3020 132 24123 20102011 2012 12 312013 6 30 62.0% 58.2% 40.2% 37.0% 801,087 20102011 2012 12 312013 6 30 30.0% 37.0% 56.8% 58.5% 146
業 務 百貨公司專櫃 截至2013年6月30日 我們在江蘇省南京市及蘇州市分別擁 有面積為57平方米及15平方米的2個百貨公司專櫃 有關百貨公司專櫃分別 於2006年9月及2012年12月開業 該等百貨公司專櫃由我們自己的僱員管 理 我們在未與有關百貨公司訂立任何付款結算安排的情況下向客戶直接 收取付款 並每季向有關百貨公司支付固定的聯營費用 截至2013年6月30 日止六個月 來自該等百貨公司專櫃的銷售額佔我們總營業額的0.6% 我 們於江蘇省蘇州市的百貨公司專櫃於2013年9月結束營業 有關詳情 請參 閱 概要 近期發展 我們在各中生零售店銷售全線中生系列產品及某些精選的澳大利亞營養膳食補充 劑 以利用中生零售店的客戶基礎 截至2010年 2011年及2012年12月31日止年度以 及截至2013年6月30日止六個月 在中生零售店銷售康培爾系列產品產生的營業額分別 為人民幣16.9百萬元 人民幣40.8百萬元 人民幣51.0百萬元及人民幣42.6百萬元 分 別佔我們同期總營業額的25.3% 39.6% 33.9%及49.6% 隨着康培爾零售店的快速擴 張 我們預期將逐步減少在中生零售店銷售康培爾系列產品 所有該等產品均將在我 們的康培爾零售店銷售 截至2013年6月30日 我們就中生零售店分別租賃及擁有總建築面積為3,214.8平 方米的32項零售物業及總建築面積為1,551.0平方米的3項零售物業 康培爾零售店 自我們於2012年6月在江蘇省南京市開辦第一家康培爾零售店以來 截至2013年6 月30日 我們已在13個城市合共有14家總建築面積達528.2平方米的康培爾零售店 覆 蓋江蘇省 浙江省 廣東省 山東省及雲南省 下表載列截至所示日期按地區劃分的 康培爾零售店於中國的地理覆蓋 147
2012 6 30 2012 12 31 2013 6 30................... 1 5 9................... 0 0 1................... 0 0 1................... 0 0 2................... 0 0 1 10 16 81 5,000 100,000 (i) 8,578 45,435 (ii)18% 25%(iii) 8,000 54,00016% 27% 2012 12 312013 6 30 677,000 824,000 148
3,000 10,000 15 60 2013 6 30..... 3 126.6 20152016......... 4 121.2 20132014....... 7 280.4 20132016 201020112012 12 312013 6 30 4.34.32.70.4 6.4% 4.2% 1.8% 0.4%2013 6 30 149
2010182013 6 30 1 20101815 6 30 12 31 2010 2011 2012 2013............... 18 15 8 1............... 3 0 0 0............... (6) (7) (7) 0............... 15 8 1 1 2003 2010 20112012 12 312013 6 30 3.1% 2.0% 1.3% 0.4% 5,000 150
30 (i) (ii) 2004 42012 5 18 20,000 50,000 12 15201020112012 2.02.3 0.72012 10 30 151
2013 5http://tmall.taobao.com 152
153
15 60 154
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2010 2010 8 17 Q10 2010 11 5 2011 2011 5 5 2012 Q10 Q10 2013 9 2 2013 9 2 2013 9 2 2013 9 2 2013 9 2 2013 9 2 2013 9 2 2013 9 25 2013 9 25 2013 1 1 (1) 2013 11 18 Q10 2014 10 16 Q10 2014 10 16 2014 11 11 2014 11 11 2014 11 13 (1) D 157
27 Q10 Q10 22 (i) (ii) (iii) 2010 12 31 7.1% 3.1%20112012 12 312013 6 30 5% 158
(1) (1) 24 48 2013 6 309 30 201020112012 12 31 2013 6 30 0.40.20.20.4 159
28,337 50% GMP (i)(ii) (iii)2015 800,000650,0002,000,000 (i) (ii)(iii) (iv) 160
2013 6 30 3,237.4 26,592.8100.0 28,337 (1)................. 72.0 2015 12............. 14.0 2015 12........ 14.0 2015 12 (1) 20142015 (i) (ii) 161
162
30 163
12 31 6 30 2010 2011 2012 2012 2013......... 13.3 13.3 13.3 6.7 6.7........... 1.6 6.5 5.0 1.1 0.6 (1)............ 12.0% 48.9% 37.6% 16.4% 9.0%......... 134.4 134.4 134.4 67.2 67.2........... 58.1 23.2 18.1 8.2 7.5 (1)............ 43.2% 17.3% 13.5% 12.2% 11.2% (1) 250 GMP 250 20112010 Q10 20122013 164
12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%).. 1,327 1.3 8,729 24,280 16.1 88,921 12,623 19.5 39,361 2,014 2.3 4,786...... 2,952 4.4 30,218 157 0.2 2,937 95 0.1 758 18 218 0.3 2,871...... 246 0.4 1,000 247 0.2 14 0.0 122 2 9.......... 3,198 4.8 31,218 1,731 1.7 11,666 24,389 16.2 89,801 12,643 19.5 39,361 2,241 2.6 7,657...... 965 1.4 191,930 44...... 227 0.2 28,950 283 0.3.......... 965 1.4 191,930 44 227 0.2 28,950 283 0.3 (1)......... 4,163 6.2 223,148 1,775 1.7 11,666 24,616 16.4 118,751 12,643 19.5 39,361 2,524 2.9 7,657 (1) 2012 (i) 165
(ii)2012 (iii)20122012 ISO9001:2008 GMP 166
201020112012 12 312013 6 30 0.90.20.5 0.1 201020112012 12 312013 6 30 4.012.89.42.5 9 2010 34,950 167
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2012 10ISO9001:2008 ISO22000:2005 (HACCP) ISO GMP GMP GMP 170
30 60 2012 12 3162 5201020112012 12 31 2013 6 305.7 11.611.02.9 57.8% 70.9% 74.0% 71.9%2013 6 30 GMP Pharmaceuticals Pty Ltd. 201020112012 12 312013 6 30 25.0% 28.9% 41.7% 51.1% 5% 171
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28,3373,237.4 1,747.2 173
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2006 2009 32011 Q10 (i) 1 13 2011 1 Q10 (ii) 2006 92009 (i) 2009 8 10 11 (ii) (iii) 176
177 2010 82010 9 2 Q10 2011 5 Q10 2012 9 (i) Q10 (ii) Q10 2009(iii) Q10 2009 13 2 2006 (i) (ii) 2005 2006 (i) (ii) (iii)
2013 10 18 (i) (ii) (i) (ii) 2013 5 12013 11 30 (i) (ii) (iii) (iv) 178
1.9 (i) (ii) Q10 (iii) (iv) (i) (ii) (iii) (iv) (v) 60 (vi) (vii) 179
8413 53 1999 5 24 1999 5 24 43 1999 5 25 2011 6 17 39 2002 1 1 2012 10 25 32 2003 7 29 2012 10 25 44 2013 5 16 2013 5 16 57 2012 10 25 2012 10 25 45 2013 1 25 2013 1 25 50 2013 8 10 2013 8 10 180
531999 5 24 Cobayer Health Food Company 1989 72010 6 EMBA 1992 111994 10 1995 11996 121997 1 1998 121999 5 432011 6 17 1.08% 1999 5 2008 1 2012 6 EMBA 392012 10 25 0.9% 2002 1 2010 12012 10 181
1999 72009 9 EMBA 322012 10 25 0.11% 2003 72008 1 2012 10 2008 1 442013 5 16 1993 7 2012 1 1993 7 1998 10Charles Darwin University Northern Territory University 572012 10 25 1986 121987 9 1996 7 1980 31987 91989 9 1994 12 182
2007 102013 10 600682 002304 452013 1 25 1989 71996 7 2002 3 1996 72003 72008 4 Geisel School of Medicine at Dartmouth Dartmouth Medical School 2009 9 FCPA(Aust) FCPA(HK) FCIS FTI(HK) 50 2013 8 10 2003 5(Deakin University) 1993 112000 122008 4 1987 122000 9 2000 10Vitapharm Research Pty Ltd 2002 2 2003 5 513 2010 7 183
2006 9 222009 10 5 2010 2291AA 291AA(a)(b) (c) 2011 1 2011 12 8030 (i) (ii) (iii) XV 13.51(2)(h) (v) 184
5 35 2002 9 16 2012 10 25 37 2013 5 16 2013 5 16 34 2005 9 25 2012 10 25 35 2001 6 20 2012 10 25 28 2003 8 30 2013 5 16 352012 10 25 1999 6 2002 2002 92004 9 2004 92008 1 2012 10 372013 5 16 1999 7 2002 9 185
2007 8 342012 10 25 2003 6 2005 9 2010 1 2012 10 352012 10 25 2005 10 2001 62012 10 282013 5 16 2004 7 2003 8 2009 7 0.11% 0.09% 13.51(2)(a) (v) 186
32 2002 6 4 2012 10 25 60 2005 3 21 2005 3 21 33 2013 7 1 2013 7 1 29 2006 9 4 2013 9 1 322002 6 2008 12012 10 0.072% 2002 6 601992 5 1999 122005 2 2005 3 0.045% 332013 7 2003 82012 7 2003 102007 3 2007 62009 92009 102010 10 187
292013 9 2006 9 2008 82011 1 2006 6 FCS (PE), FCIS 462013 11 7 20 1990 11 2012 12 31 2013 6 30 1.31.41.8 0.92012 12 31 2013 6 30 0.70.6 188
0.40.1 12 2013 12 31 1.10.4 189
3A.19 3A.23 (1) (2) (3) 190
(4) 2013 6 30466 290 12 32 9 32 60 31 466 191
58.50% 6.50% 2.7 3.04.03.3 192
2013 9 2013 12 21 (i) (ii) (iii) 193
(iv) (v) (vi) (i) (vi) (i) H H(ii) (i) 30% (ii) H 194
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(1) 14A.11(1) (2) 14A.11(4) 14A.33(3) A 5%1 A 2011 4107 14 FA 2011 3 90,000A 2011 4 12014 3 31 A 196
A B 2012 9107 14 EB 2013 7 1 100,000B 2013 7 12015 6 30 B A Belrose 2012 12Cobayer Health Food Company9 Morgan Road, Belrose, New South Wales 2085, Australia26 Belrose 197
2013 9 2Cobayer Health Food Company 6,500Belrose Cobayer Health Food Company 2013 9 12016 8 31 Cobayer Health Food Company Cobayer Health Food Company Cobayer Health Food Company A 198
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90% 2012 10 26 2013 10 25 H (i) HH 20% (ii)h (iii) 200
15 H HH 20% H 2013 9 3 2013 12 10 201
XV23 10% (1) (2) (3) 476,685,000 78.00% 58.50% 52,965,000 8.67% 6.50% (4) 52,965,000 8.67% 6.50% 476,685,000 78.00% 58.50% 61,111,000 10.00% 7.50% 6,599,550 1.08% 0.81% 5,498,570 0.90% 0.67% 659,340 0.11% 0.08% 659,340 0.11% 0.08% 551,480 0.09% 0.07% (1) (2) 814,911,000 (3) (4) 202
XV23 10% 203
20102011 2012 12 312013 6 30 201020112012 12 31 2013 6 30 2012 5,800 2013 6 30 49 2013 6 30 1410 2013 6 30Conbair Cokanga24231 204
20102011 2012 12 31 48.4 61.395.720102012 40.7% 16.940.8 52.620102012 76.4%20122013 6 30 38.536.6 25.545.5 1999 5 242005 5 13 2012 10 26 2010 2012 12 24Cobayer Health Food Company 205
(i) (ii) (i) (ii) (iii) 206
207
2008 2,650 2012 5,800 21.6% 201510,15014 5% 208
12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%)......... 48,410 72.4 61,332 59.4 95,744 63.7 38,547 59.5 36,635 42.6....... 16,922 25.3 40,837 39.6 52,613 35.0 25,505 39.3 45,537 53.0............. 1,518 2.3 1,075 1.0 2,015 1.3 767 1.2 3,793 4.4................. 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 12 31 6 30 2010 2011 2012 2013 Q10......... 77,874 232.5 18,107 104,142 331.3 34,504 108,444 388.9 42,179 48,969 305.7 14,969... 7,909 167.8 1,327 85,112 285.3 24,280 6,208 324.4 2,014....... 7,768 32.6 253 5,340 107.5 574 32,080 625.8 20,076 7,848 941.7 7,391....... 3,115 155.2 483 25,953 183.1 4,751 19,937 176.9 3,526 30,362 311.0 9,443........... 18,843 41,156 90,061 33,817 (%).... 28.2% 39.9% 59.9% 39.3%... 5,240 313.2 1,641 27,962 274.4 7,673 73,208 306.0 22,399 28,530 473.3 13,504..... 19,340 205.8 3,980 28,611 360.4 10,311 22,819 451.9 10,312... 4,936 127.1 627 3,734 123.9 463 4,444 125.4 557 90 276.8 25..... 6,898 308.4 2,127 21,938 308.5 6,767 14,282 369.4 5,276 6,963 766.8 5,339 DHA... 34 501.9 17 9,754 456.2 4,450..... 20,538 172.0 3,533 37,365 189.4 7,076 9,139 182.0 1,662 2,473 288.1 712... 18,807 195.7 3,680 25,816 223.3 5,766 6,849 193.1 1,323 1,750 491.4 860........... 11,608 31,725 41,545 35,202 (%).... 17.4% 30.7% 27.6% 40.9%........... 30,451 72,881 131,606 69,019 (%).... 45.6% 70.6% 87.5% 80.2% 209
Q10Q10 20112010 2011 Q10Q10Q10 Q10Q10 2012 2011 Q10Q1020132012 30 Q10Q10 12090 20122011 2011 201320122013 20112010 2010 2012120 90 2012 2013 20112012 2010 2010 20132013 90 60 210
201120102012 2011 2013 20122011 2011 2013 201020112012 2013 201220132010 2011 20102011 20122013 DHA DHA 20132012 201020112012 2013 20102012 2011 2011 2013 211
2013 6 30 25 49 35142014 4572 http://conbair.tmall.com 2013 5 212
2011 Q10 Omega-32012 2013 20122013 213
12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%) Q10. 18,107 27.1 34,504 33.4 42,179 28.0 16,489 25.4 14,969 17.4.... 1,327 1.3 24,280 16.1 12,623 19.5 2,014 2.3........ 253 0.4 574 0.6 20,076 13.4 5,063 7.8 7,391 8.6........ 483 0.7 4,751 4.6 3,526 2.4 1,405 2.2 9,443 11.0............ 29,567 44.2 20,176 19.5 5,683 3.8 2,967 4.6 2,818 3.3............ 48,410 72.4 61,332 59.4 95,744 63.7 38,547 59.5 36,635 42.6.... 1,641 2.5 7,673 7.4 22,399 14.9 11,279 17.4 13,504 15.7...... 3,980 3.9 10,311 6.8 6,600 10.2 10,312 12.0.... 627 0.9 463 0.4 557 0.4 128 0.2 25...... 2,127 3.2 6,767 6.6 5,276 3.5 931 1.4 5,339 6.2 DHA.... 17 4,450 5.2...... 3,533 5.3 7,076 6.9 1,662 1.1 937 1.4 712 0.8.... 3,680 5.5 5,766 5.6 1,323 0.9 622 1.0 860 1.0............ 5,314 7.9 9,112 8.8 11,068 7.4 5,008 7.7 10,335 12.1............ 16,922 25.3 40,837 39.6 52,613 35.0 25,505 39.3 45,537 53.0 (1).......... 1,518 2.3 1,075 1.0 2,015 1.3 767 1.2 3,793 4.4............ 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 (1) 214
12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%)........ 7,111 52.3 15,220 75.8 14,941 73.7 7,437 75.3 9,158 81.3.......... 2,324 17.1 1,804 9.0 1,604 7.9 844 8.6 334 3.0........ 1,613 11.9 947 4.7 783 3.9 320 3.2 227 2.0...... 890 6.6 965 4.8 1,516 7.4 625 6.3 1,005 8.9............ 620 4.6 466 2.3 396 2.0 198 2.0 214 1.9...... 631 4.6 497 2.5 413 2.0 206 2.1 188 1.7.... 196 1.4 134 0.7 219 1.1 111 1.1 78 0.7........ 203 1.5 47 0.2 404 2.0 140 1.4 60 0.5............ 13,588 100.0 20,080 100.0 20,276 100.0 9,881 100.0 11,264 100.0 12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%)........ 7,011 51.6 6,184 30.8 6,901 34.0 2,745 27.8 3,072 27.3...... 5,352 39.4 12,989 64.7 11,831 58.4 6,596 66.8 6,826 60.6.... 1,225 9.0 907 4.5 1,544 7.6 540 5.4 1,366 12.1............ 13,588 100.0 20,080 100.0 20,276 100.0 9,881 100.0 11,264 100.0 215
12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%)........... 41,399 77.7 55,147 66.3 88,843 68.3 35,802 65.2 33,563 45.0......... 11,570 21.7 27,849 33.5 40,782 31.3 18,909 34.4 38,711 51.8................... 293 0.6 168 0.2 471 0.4 227 0.4 2,427 3.2................... 53,262 100.0 83,164 100.0 130,096 100.0 54,938 100.0 74,701 100.0 12 31 6 30 2010 2011 2012 2012 2013........... 85.5% 89.9% 92.8% 92.9% 91.6%......... 68.4% 68.2% 77.5% 74.1% 85.0%................... 79.7% 80.6% 86.5% 84.8% 86.9% 2011 12 312013 6 309.022.0 4.35% 5.4% 216
20102011 2007 2012 2009 201020112012 12 3120122013 6 30 0.70.3 1.50.40.62012 12 31 12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%).... 8,786 46.9 7,307 35.9 8,397 24.7 3,524 30.3 5,748 25.9.... 6,806 36.3 9,035 44.4 17,212 50.6 5,319 45.8 11,265 50.7........ 892 4.8 847 4.2 1,895 5.6 1,055 9.1 1,658 7.5.. 1,474 7.9 2,154 10.6 3,403 10.0 1,075 9.2 1,569 7.1........ 634 3.4 672 3.3 1,716 5.0 562 4.8 928 4.2............ 140 0.7 324 1.6 1,424 4.1 91 0.8 1,048 4.6............ 18,732 100.0 20,339 100.0 34,047 100.0 11,626 100.0 22,216 100.0 217
12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%).... 5,302 37.3 5,940 37.2 9,889 47.9 4,793 51.5 5,550 43.4.. 3,131 22.0 3,925 24.6 4,039 19.6 1,710 18.3 1,766 13.8........ 2,005 14.1 1,596 10.0 1,735 8.4 771 8.3 873 6.8...... 1,749 12.4 1,791 11.3 1,751 8.5 886 9.5 1,259 9.9.. 1,673 11.7 2,479 15.5 2,988 14.5 1,066 11.4 919 7.2........ 354 2.5 224 1.4 219 1.1 89 1.0 383 3.0........ 2,038 15.9............ 14,214 100.0 15,955 100.0 20,621 100.0 9,315 100.0 12,788 100.0 25.0% Cobayer Health Food Company30% 218
201020112012 12 3120122013 6 30 12 31 6 30 2010 2011 2012 2012 2013....................... 66,850 103,244 150,372 64,819 85,965..................... (13,588) (20,080) (20,276) (9,881) (11,264)......................... 53,262 83,164 130,096 54,938 74,701................. 679 337 1,484 436 581............... (18,732) (20,339) (34,047) (11,626) (22,216)..................... (14,214) (15,955) (20,621) (9,315) (12,788)............... 20,995 47,207 76,912 34,433 40,278................... (5,207) (12,393) (19,675) (8,265) (10,578)................. 15,788 34,814 57,237 26,168 29,700........ 75 (108) (11) (412)......... 15,863 34,706 57,226 26,168 29,288............... 0.29 0.63 1.04 0.48 0.53 219
2013 6 302012 6 30 2012 6 30 64.8 21.2 32.7%2013 6 30 86.0 2012 6 30 25.520.0 78.4%2013 6 30 45.5 2012 6 302013 6 30 11.3 13.5 6.6 10.3 0.9 5.3 2013 2013 2012 6 30 38.51.9 4.9%2013 6 30 36.6 2012 6 302013 6 30 12.6 2.0 Q1016.5 15.02013 220
2012 6 30 1.42013 6 30 9.4 20132013 2012 6 30 0.83.0 3.82013 6 30 3.8 2012 6 30 9.9 1.4 14.1%2013 6 30 11.3 2012 6 302013 6 30 2.70.414.8% 3.1 2013 2012 6 30 6.60.23.0%2013 6 30 6.8 2012 6 30 0.50.9 1.82013 6 30 1.4 2012 6 30 54.9 19.8 36.1%2013 6 30 74.7 2012 6 3084.8% 2013 6 30 86.9% 221
2012 6 30 35.8 2.2 6.1%2013 6 30 33.6 2012 6 3092.9%2013 6 30 91.6% 2013 2012 6 30 18.919.8 104.8%2013 6 30 38.72012 6 30 74.1% 2013 6 3085.0% 2013 2012 6 30 0.4 0.2 50.0%2013 6 30 0.6 2012 6 30 11.6 10.6 91.4%2013 6 30 22.2 2013 2012 6 30 9.33.5 37.6%2013 6 30 12.8 2012 6 30 34.45.9 17.2%2013 6 30 40.3 222
2012 6 30 8.32.3 27.7%2013 6 30 10.6 2012 6 30 24.0% 2013 6 3026.3%2013 2012 6 30 26.2 3.5 13.4%2013 6 30 29.7 2012 12 312011 12 31 2011 103.247.2 45.7% 2012 150.4 2011 61.3 34.4 56.1% 2012 95.7 20112012Q1034.5 42.2 1.3 24.3 0.6 20.1 2011 2012 2012 223
2011 40.811.8 28.9% 2012 52.6 20112012 7.7 22.4 4.0 10.3 2011 7.12012 1.7 2012 2012 2011 2012 6 2012 12 31 2011 1.1 0.9 81.8% 2012 2.0 2011 2011 20.10.2 1.0% 2012 20.3 2011 6.2 0.711.3%2012 6.9 56.1% 224
2011 13.0 1.2 9.2% 2012 11.8 (i) 2011 (ii) 2011 0.90.6 66.7% 2012 1.5 2011 83.246.9 56.4% 2012 130.1201180.6% 201286.5% 2011 55.133.7 61.2% 2012 88.8201189.9% 201292.8% 2011 27.813.0 46.8% 2012 40.8201168.2% 201277.5%(i) 2011 (ii) 2011 0.31.2 4.02012 1.5 2011 225
2011 20.313.7 67.5% 2012 34.0 2011 16.04.6 28.8% 2012 20.6 2011 47.2 29.7 62.9% 2012 76.9 2011 12.47.3 58.9% 2012 19.7 201126.3%201225.6% 2011 34.822.4 64.4% 2012 57.2 226
2011 12 312010 12 31 2010 66.936.3 54.3% 2011 103.2 2010 48.4 12.9 26.7% 2011 61.3 20102011Q10 18.1 34.5 1.3 0.3 0.6 2011Q102011 2011 2010 16.923.9 141.4% 2011 40.8 2010 1.62011 7.7 2011 Omega-3 2010 1.5 0.4 26.7% 2011 1.1 227
2010 13.66.5 47.8% 2011 20.1 2010 7.0 0.8 11.4% 2011 6.2 2010 5.4 7.6 140.7% 2011 13.0 2011 2010 1.20.3 25.0% 2011 0.9 2010 53.329.9 56.1% 2011 83.2201079.7% 201180.6% 2010 41.413.7 33.1% 2011 55.1201085.5% 201189.9%Q10 2010 11.616.2 139.7% 2011 27.8 201068.4%201168.2% 228
2010 0.70.4 57.1% 2011 0.32010 0.52011 2011 2010 2010 18.71.6 8.6% 2011 20.3 2010 14.21.8 12.7% 2011 16.0 2010 21.0 26.2 124.8% 2011 47.2 2010 5.27.2 138.5% 2011 12.4 201024.8%201126.3% 2010 15.819.0 120.3% 2011 34.8 229
12 31 6 30 2010 2011 2012 2012 2013.......... 17,347 35,181 57,923 31,058 35,396............... (124) (8,835) 4,670 8,092 (23,937)............... (12,836) 340 (32,307) (2,252) 24,486........ 4,387 26,686 30,286 36,898 35,945........ 31,638 36,306 62,775 62,775 93,220.............. 281 (217) 159 43 (782)........ 36,306 62,775 93,220 99,716 128,383 230
2013 6 3035.4 41.33.7 9.20.6 201257.9 77.72.9 1.420.5 2.7 201135.2 49.14.4 10.35.5 2.8 201017.3 23.03.9 0.8 2013 6 3023.9 22.0 2.40.4 20124.7 9.01.3 0.6 3.8 2.4 231
20118.8 9.00.4 20100.1 0.60.4 2013 6 3024.5 50.0 0.5 26.0 201232.3 35.0Cobayer Health Food Company 4.1 6.2 0.6 20110.3 0.3 201012.8 6.0 5.11.8 232
12 31 6 30 2010 2011 2012 2012 2013.... 550 246 2,390 1,271 2,364.... 3,795.... 552......................... 550 246 6,737 1,271 2,364 2014 12 31 12 233
12 31 6 30 10 31 2010 2011 2012 2013 2013...................... 5,438 10,944 13,684 9,962 8,093........... 101 101 101 101 101......... 3,446 5,989 3,731 4,188 7,397.............. 256 271 691............ 423 478.................. 9,000 22,000............ 36,306 62,775 93,220 128,383 140,641.............. 45,970 89,558 111,427 164,634 156,232......... 4,410 8,614 10,037 10,021 10,311........... 2,741 2,957 3,983 3,303............ 266................ 3,369 6,866 6,098 7,003 3,293.............. 10,520 18,703 20,118 20,327 13,604.............. 35,450 70,855 91,309 144,307 142,628 234
12 31 6 30 2010 2011 2012 2013................. 1,016 564 639 579................. 13 9 172 189................. 722 964 887 631................. 3,687 9,407 11,986 8,563................... 5,438 10,944 13,684 9,962 2010 12 31 5.42011 12 31 10.92012 12 31 13.7 2012 12 31 13.72013 6 30 10.0 2013 12 31 6 30 2010 2011 2012 2013 (1)...... 146.6 148.9 221.7 191.6 (1) 235
20102011 2011148.92012221.72012 2011 2013 6 30 191.6 (i) (ii) (iii) (iv) 12 31 6 30 2010 2011 2012 2013........... 545 303 474 339........... (179)................... 366 303 474 339........... 314 223 283 317......... 2,766 5,463 2,974 3,532................... 3,446 5,989 3,731 4,188 2010 12 31 3.42011 12 31 6.02012 12 313.7 2011 2012 12 31 3.72013 6 30 4.2 236
12 31 6 30 2010 2011 2012 2013 1.......... 42 120 165 207 1 3........... 3 296 127 3 1..... 164 40 9 5 1............ 157 143 4................... 366 303 474 339 2010 12 31 0.2 21 12 31 6 30 2010 2011 2012 2013 (1)............ 2 1 1 1 (1) 237
2010220112012 2013 6 301 30 2012 6 2010 2011 12 31158 12 31 6 30 2010 2011 2012 2013........... 1,209 580 885 1,197..... 3,201 8,034 9,152 8,824................... 4,410 8,614 10,037 10,021 2013 6 302012 12 31 2011 12 31 8.62012 12 31 10.0 2010 12 31 4.42011 12 31 8.6 2011 2011 238
12 31 6 30 2010 2011 2012 2013 1............ 715 15 230 107 13........ 6 89 443 874 312....... 459 93 86 3 12........... 29 383 126 213................... 1,209 580 885 1,197 12 31 6 30 2010 2011 2012 2013 (1)............ 39 16 13 17 (1) 239
2013 6 30 2013 6 30 2013 10 31...................................... 9,962 4,248............................ 339 330 (1)........................... 3,849 2,308...................................... 4,188 2,638 (1) 201020112012 12 310.3 0.30.7 2013 6 30 201020112012 12 312013 6 30 2.73.04.03.3 2013 9 240
201020112012 12 312013 6 302013 10 31 2013 10 31 201020112012 12 312013 6 30 12 31 6 30 2010 2011 2012 2013 1.................. 593 437 494 1,497 1 5................. 495 993................... 593 437 989 2,490 201020112012 12 312013 6 30 241
2013 10 31 242
20142016 5% 243
201020112012 12 31 2013 6 306.0 35.026.0 30% H 2013 6 30 66.7 2013 6 302.0 2013 6 302013 6 30 31.713.8 17.9 244
6 30 12 31 12 31 6 30 2010 2011 2012 2013.......... (1) 4.4 4.8 5.5 8.1.......... (2) 3.9 4.2 4.9 7.6...... (3)...... (4)........ (5) (1) = (2) = (3) = (4) = (5) = 201020112012 12 312013 6 30 4.4 4.8 5.5 8.1 201020112012 12 312013 6 30 3.9 4.2 4.9 7.6 245
2013 12 31 2013 6 30 2013 6 30 13.8 2013 12 31 13.13 13.1913.13 13.19 2013 9 30 2013 6 30 2013 9 30 2013 6 30 (1)................ 22,693................................................ (331) 2013 9 30................................ 22,362............................................ 23,738 2013 9 30........ 46,100 (1) 246
2013 6 30 2013 6 30 (1) (2) (3) 1.50....... 172,736 224,879 397,615 0.49 0.62 2.00....... 172,736 301,595 474,331 0.58 0.74 1. 2013 6 30 2013 6 30172,801,000 65,000 2. 1.502.00 0.78841.00 3. 814,911,000 203,800,0001.502.00 4. 0.78841.00 2013 12 16 5. 2013 6 30 247
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