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China Medical Technologies Reports First Fiscal Quarter Financial Results
Date:8/16/2011

BEIJING, Aug. 16, 2011 /PRNewswire-Asia-FirstCall/ -- China Medical Technologies, Inc. (the "Company") (Nasdaq: CMED), a leading China-based advanced in-vitro diagnostic ("IVD") company, announced its unaudited financial results for the first fiscal quarter ended June 30, 2011 ("1Q FY2011") today.1Q FY2011 HighlightsFor the Three Months EndedJune 30, 2010June 30, 2011June 30, 2011RMBRMBUS$% change(in thousands except for per ADS information)Net revenues186,170237,11136,68527.4%Net income33,67835,7285,5286.1%Diluted earnings per ADS*1.291.350.214.7%Non-GAAP net income57,01190,45213,99558.7%Non-GAAP diluted earnings per ADS*2.183.420.5356.9%Adjusted EBITDA105,152154,28923,87146.7%For the Three Months EndedMarch 31, 2011June 30, 2011June 30, 2011RMBRMBUS$% change(in thousands)Net cash provided by operating activities37,33962,2439,63066.7%As ofMarch 31, 2011June 30, 2011June 30, 2011RMBRMBUS$% change(in thousands)Cash and cash equivalents1,123,8181,239,458191,76310.3%Trade accounts receivable, net481,096565,06187,42217.5%Convertible notes2,752,3042,669,914413,076(3.0)%Outlook for second fiscal quarter ending September 30, 2011For the Three Months Ending September 30, 2011Year over YearRMBUS$% change(in millions except for per ADS information)Target net revenues238.0 – 240.036.8 – 37.117.9 – 18.9%Target non-GAAP net income82.0 –  84.012.7 – 13.025.4 – 28.4%Target non-GAAP diluted earnings per ADS*3.07 –  3.150.47 – 0.4922.8 – 26.0%Outlook for the full fiscal year ending March 31, 2
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SOURCE China Medical Technologies, Inc.
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