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China Medical Technologies Reports Third Fiscal Quarter Financial Results
Date:3/3/2010

ow, decreased by 61.9% year-over-year to RMB45.6 million (US$6.7 million) but increased by 158.2% on a quarter-over-quarter basis. -- Diluted loss from continuing operations per ADS* was RMB0.84 (US$0.12). -- Non-GAAP diluted earnings from continuing operations per ADS*, as defined below, decreased by 61.8% year-over-year to RMB1.74 (US$0.25) but increased by 159.7% on a quarter-over-quarter basis. -- Net cash flows generated from operations was RMB80.4 million (US$11.8 million). -- Approximately 390,000 ADSs* were repurchased under the Company's share repurchase program. 4Q FY2009 Targets -- Target revenues are expected to be more than RMB175.0 million (US$25.6 million). -- Target non-GAAP income from continuing operations is expected to be more than RMB47.0 million (US$6.9 million). -- Target non-GAAP diluted earnings from continuing operations per ADS* is expected to be more than RMB1.79 (US$0.26). * One American Depositary Share ("ADS") = 10 ordinary shares

See "Non-GAAP Measure Disclosures" below, where the impact of certain items on reported results is discussed.

"We achieved sequential growth in our business in the past quarter," commented Mr. Xiaodong Wu, Chairman and Chief Executive Officer of the Company. "Despite the challenges we encountered in the first 9 months of fiscal year 2009, our turnaround has started and will continue, which is demonstrated by robust growth in our molecular diagnostic b
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SOURCE China Medical Technologies, Inc.
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