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

60;revenues (2)

(13,597)7,414(6,183)Gross profit

23,0887,41430,502Operating expensesResearch and development (3)

(1,664)163(1,501)Sales and marketing (3)

(3,599)41(3,558)General and administrative (3)

(3,498)970(2,528)Amortization of SPR intangible assets (4)

---Total operating expenses

(8,761)1,174(7,587)Operating income

14,3278,58822,915Interest income

1,135-1,135Interest expense – convertible notes (5)

(5,159)153(5,006)Interest expense – amortization of 
convertible notes issuance costs

(620)-(620)Interest expense – amortization of 
share lending costs (6)

(363)363-Other income (expense), net (7)

742(637)105Income before income tax

10,0628,46718,529Income tax expense

(4,534)-(4,534)Net income

5,5288,46713,995Earnings per ADS- basic (8)

0.210.320.53- diluted (8)

0.210.320.53Weighted average number of ADS- basic (8)

26,300,264-26,300,264- diluted (8)

26,485,024-26,485,024For the convenience of readers, certain RMB amounts have been translated into U.S. dollars at the rate of RMB6.4635 to US$1.00, the noon buying rate in New York City for cable transfers of RMB per U.S. dollar as set forth in the H.10 weekly statistical release of the Federal Reserve Board, as of Thursday, June 30, 2011. No representation is made that the RMB amounts could have been or could be converted into U.S. dollars at that rate or at any other rate on June 30, 2011 or at any other dates.Notes:For the Three Months EndedJune 30, 2010June 30, 2011(1)
Net revenues

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SOURCE China Medical Technologies, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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