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China Medical Technologies Reports Financial Results for Fourth Fiscal Quarter and Full Year ended March 31, 2010
Date:6/4/2010

BEIJING, June 4 /PRNewswire-Asia-FirstCall/ -- China Medical Technologies, Inc. (the "Company") (Nasdaq: CMED), a leading China-based advanced in-vitro diagnostic ("IVD") company, today announced its unaudited financial results for the fourth fiscal quarter ("4Q FY2009") and the full fiscal year ended March 31, 2010 ("FY2009").

    4Q FY2009 Highlights
    -- Revenues decreased by 29.3% year-over-year to RMB175.7 million (US$25.7
       million) but increased by 2.0% sequentially.
    -- Income from continuing operations and net income was RMB9.1 million
       (US$1.3 million).
    -- Non-GAAP income from continuing operations, as defined below, decreased
       by 57.2% year-over-year to RMB51.5 million (US$7.5 million) but
       increased by 12.8% sequentially.
    -- Diluted earnings from continuing operations per ADS* was RMB0.35
       (US$0.05).
    -- Non-GAAP diluted earnings from continuing operations per ADS*, as
       defined below, decreased by 56.7% year-over-year to RMB1.98 (US$0.29)
       but increased by 13.8% sequentially.
    -- Net cash generated from operations was RMB59.8 million (US$8.8 million).
    -- Approximately 110,000 ADSs* were repurchased under the Company's share
       repurchase program.
    -- Approximately RMB76.8 million (US$11.2 million) 4% convertible notes
       were purchased and cancelled by the Company. Approximately 192,000
       ADSs* were returned to the Company under the share lending agreement in
       connection with the issuance of 4% convertible notes in August 2008.

    FY2009 Highlights
    -- Revenues decreased by 12.9% year-over-year to RMB723.1 million
       (US$105.9 million).
    -- Loss from continuing operations and net loss 
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SOURCE China Medical Technologies, Inc.
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