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

012For the Fiscal Year Ending March 31, 2012Year over YearRMBUS$% change(in millions except for per ADS information)Target net revenues970.0 – 995.0150.1 – 153.915.2 – 18.1%Target non-GAAP net income315.0 – 325.048.7 –  50.315.4 – 19.0%Target non-GAAP diluted earnings per ADS*11.75 – 12.131.82 –  1.8813.1 – 16.7%The above targets are based on the Company's current views on operating and market conditions, which are subject to change.

*One American Depositary Share ("ADS") = 10 ordinary shares

See "Non-GAAP Measure Disclosures" below, where the impact of certain items on reported results is discussed.

"We have recently implemented the first steps of two new initiatives which will support our long term growth," commented Mr. Xiaodong Wu, Chairman and Chief Executive Officer of the Company. "We have established a collaboration with Da An Health for our domestic market as well as a collaboration with Leica Microsystems for both the domestic and the international markets. Da An Health is a fast growing independent laboratory service network serving mainly small and mid-size hospitals in China. We believe this collaboration will help us penetrate over time a new and big customer group for our molecular diagnostic products in a cost effective way. The collaboration with Leica Microsystems is to implement our strategy to enter the international market for our products through partnerships with leading global players. The partnership with Leica Microsystems substantially reduces our business risks and costs associated with entering the international market considering the complicated regulatory approval processes, medical reimbursement conditions and distribution channels in different countries and regions
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SOURCE China Medical Technologies, Inc.
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