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included in the computation of diluted earnings per ADS because to do
so would have been anti-dilutive.
China Medical Technologies, Inc.
Reconciliations of Non-GAAP Adjusted Net Income to GAAP Net Income
For the Three Months Ended
June 30,
September 30, 2007 September 30,
2006 Restated(1) 2007
RMB RMB RMB US$
(in thousands except for per ADS
information)
GAAP net income 71,647 44,823 77,385 10,328
Adjustments:
Stock compensation expense 319 1,379 5,538 739
Amortization of acquired
intangible assets 3,729 22,475 22,182 2,960
Non-GAAP adjusted net income 75,695 68,677 105,105 14,027
GAAP earnings per ADS
- basic 2.62 1.71 2.95 0.39
- diluted(2) 2.62 1.70 2.88 0.38
Non-GAAP adjusted earnings per
ADS
- basic 2.75 2.62 4.01 0.54
- diluted(2) 2.75 2.61 3.78 0.50
Weighted average number of ADS
- basic 27,360,000 26,196,308 26,210,004 26,210,004
- diluted(2) 27,381,116 26,317,214 30,989,602 30,989,602
Notes:
(1) Adjustments have been made to restate certain numbers including the
increase in intangible assets and relevant amortization, the
recognition of a deferred credit and the decrease in goodwill and
deferred
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