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Amortization
of convertible
notes issuance
cost -- (2,064) (2,043) (268)
Income before
tax 50,524 92,919 59,618 7,832
Income tax
expense (4,606) (9,194) (7,927) (1,041)
Net income 45,918 83,725 51,691 6,791
Earnings per
ADS - basic 1.68 3.20 1.97 0.26
- diluted (2) 1.68 3.11 1.96 0.26
Weighted
average
number of
ADS
- basic 27,360,000 26,196,308 26,196,308 26,196,308
- diluted(2) 27,385,701 30,882,901 26,317,214 26,317,214
Notes:
(1) Revenues, net
- ECLIA 42,810 65,879 79,051 10,385
- FISH -- -- 14,442 1,897
- HIFU 48,138 97,224 57,997 7,619
90,948 163,103 151,490 19,901
(2) In computing diluted EPS for the three months ended March 31, 2007,
interest expense and amortization in connection with convertible notes
were added back to net income before dividing by the diluted number of
ADS because potential shares from the conversion of convertible notes
were included. For the three months ended June 30, 2007, the total
number of potential shares to be converted pursuant to the conversion
of convertible notes was not included in the computation of diluted
EPS because to do so would have been anti-dilutive.
China Medical Technologies, Inc.
Reconciliations of Non-GAAP Adjusted Net Income to GAAP Net Income
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