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China's Leading Healthcare Market Player Records 200% Increase in Profits and Earnings
Date:6/24/2008

HONG KONG, June 25 /Xinhua-PRNewswire-FirstCall/ -- Golden Meditech Company Limited ("Golden Meditech" or the "Group"; Stock Code: 8180.HK) today is pleased to announce its annual results for the financial year ended 31 March 2008. Driven by remarkable organic growth of core businesses and exceptional gains from strategic investments, the Group reported record profit (after-tax) of HK$713,653,000, a jump of 209% over last year. The Group's basic earnings per share increased by 198% to HK44.1 cents.

Turnover of the core businesses rose to HK$421,147,000, representing a rise of 27%. The realized gains from the strategic investments contributed HK$332,435,000 to the Group's profit, up 355% over last year. The Group's net asset value rose to HK$3,553,964,000 at a compound annual growth rate (CAGR) exceeding 47% over the last five years.

Mr. Kam Yuen, Chairman of Golden Meditech said, "We position ourselves as a high-growth, integrated hi-tech medical device and healthcare services enterprise. Golden Meditech is not only the largest blood related medical device manufacturer in China, but also the first and largest umbilical cord blood bank service provider in China. Golden Meditech has also had significant interest in one of the largest natural herbal healthcare chains in England and Ireland -- China Healthcare Inc. (CHI). We intend to maintain a leading dominant position in each of individual business segments."

Among the Group's three core business segments, the Medical Device Segment remained the principle source of the revenue, accounting for 67% of total revenue last year. However, the revenue contribution from the Cord Blood Bank Segment has been steadily rising after consecutive years of high growth, and its share has now rose from last year's 19% to 33% this year. The Medical Device Segment is expected to bring in stable and substantial revenue to the Group whereas the revenue of the Cord Blood Bank Segment will be rapidly increasing.
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SOURCE Golden Meditech Company Limited
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