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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

2009 2009 2010 RMB RMB RMB US$ As adjusted (5) (in thousands except for per ADS information) Revenues, net (1) 248,635 172,320 175,728 25,745 Cost of revenues (2) (61,834) (62,996) (61,624) (9,028) Gross profit 186,801 109,324 114,104 16,717 Operating expenses: Research and development (2)(3) (10,670) (10,738) (10,352) (1,517) Acquired in-process research and development -- -- -- -- Sales and marketing (2) (11,963) (19,058) (16,695) (2,446) General and administrative (2)(3) (20,538) (25,844) (26,743) (3,918) Amortization of SPR intangible assets (2) (27,379) (27,343) (27,343) (4,006) Total operating expenses (70,550) (82,983) (81,133) (11,887) Operating income 116,251 26,341 32,971 4,830 Interest income 5,608 4,332 4,155 609 Interest expense - convertible notes (5) (34,993) (35,421) (34,831) (5,103) Interest expense - amortization of convertible notes issuance costs (5) (4,383) (4,378) (4,263) (624) Interest expense - other (785) -- -- -- Other income/ (expense), net (168) 225 26,267 3,848 Income/ (loss) before income tax 81,530 (8,901) 24,299 3,560 Income tax expense (32,143) (13,088) (15,206) (2,228) Income/ (loss) from continuing operations 49,387 (21,989) 9,093 1,3
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SOURCE China Medical Technologies, Inc.
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