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

. The joint research and development with Leica Microsystems to automate our FISH probes on Leica's BOND system is important for the high volume users such as independent laboratory service networks in major global markets as well as existing and potential high volume hospital users in China. We are working closely with our new partners to realize the value of these collaborations for all of us. Meanwhile, we are also in discussion with a number of leading global players for different types of collaborations for our other molecular diagnostic products."

"Our DSO increased in recent quarters due to slower payment from some of our ECLIA distributors and the change in our sales mix," commented Mr. Sam Tsang, Chief Financial Officer of the Company. "ECLIA distributors normally pay in about 3 months but some of them took longer time to pay in the past few quarters. Slower payments from distributors indicate a possible risk of bad debt, and we have recently taken measures to control this risk including lowering credit limit for certain slow paying distributors and control over the order fulfillment for these distributors according to their payments. Meanwhile, we are adding new distributors to diversify the risk. The change in sales mix relates to the increasing portion of our revenues from our molecular diagnostic products which we sell to hospitals directly. These hospitals normally pay us in 6 to 12 months and the bigger the hospital, the longer the payment cycle. However, we consider the risk of bad debt from these hospitals to be very low considering that they are tier 1 hospitals, have a strong financial position and are government-owned. Recently, we have increased compensation of our direct sales personnel based on collection from hospitals to increase incentive for collection. On the other hand, despite the increase in DSO in the past few quarters, we still generated sizeable cash flows from operations. We expect our DSO to become stable and decline in the
'/>"/>

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

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

Related medicine technology :

1. Chairman of Global Guide to COPD Diagnosis Committee Visited West China Hospital
2. Concord Medical and GE Healthcare Sign MOU for Preferred Partnership in China
3. China Nuvo Solar Target Acquisition SurgLine Announces Agreement With Western U.S. Distributor
4. China Pharma Holdings, Inc. Reports Second Quarter 2011 Financial Results
5. China Medical Technologies Announces SFDA Approvals for its Prostate Cancer FISH Detection Kit and TOP2A FISH Detection Kit
6. China Medical Technologies Announces the First Inclusion of FISH Tests for Diagnosis of Certain Hematological Malignancies in the Clinical Guidelines Issued by the MOH
7. China Sky One Medical Announces Second Quarter 2011 Results
8. China Medical Technologies and Leica Microsystems Announce Collaboration
9. China Sky One Medical Announces Conference Call to Discuss Second Quarter 2011 Results
10. China Nepstar Chain Drugstore to Report Second Quarter 2011 Financial Results on August 23
11. China Medical Technologies to Announce Results for the First Fiscal Quarter Ended June 30, 2011 on August 16, 2011
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2014)... ANTONIO , Jan. 15, 2014 Most osteoporosis ... according to a recent online survey* sponsored by Mission ... among the National Osteoporosis Foundation online support community, revealed ... take medication that comes in a form other than ...
(Date:1/15/2014)... Mich. , Jan. 15, 2014 As health officials ... flu virus, select Meijer pharmacies in Michigan ... throat to eligible patients, enabling Meijer pharmacists to administer tests ... protocol set by a physician participating in the study. ...
(Date:1/15/2014)... , Jan. 15, 2014  Novation, the leading health care ... new IT value-added reseller (VAR) national contracts that expand ... and services at lower costs. These include manufacturer product ... as initiative assistance and ongoing IT consulting support. ...
Breaking Medicine Technology:Mission Pharmacal Conducts Online Survey of Osteoporosis Patients 2Mission Pharmacal Conducts Online Survey of Osteoporosis Patients 3Meijer Pharmacy Offers Free Flu, Strep Testing as Influenza Cases Rise Across the Midwest 2Meijer Pharmacy Offers Free Flu, Strep Testing as Influenza Cases Rise Across the Midwest 3New Novation Information Technology VAR Contracts Offer Significant Savings to Hospitals 2
... While Father,s Day gifts range from the touching to the hilarious, ... support during the difficult time of a cancer diagnosis. , ... Often men have tremendous difficulties deciding about their treatment, ... , Ph.D., associate professor of Urology at Mount Sinai School of Medicine in ...
... , WOONSOCKET, R.I. , June 14 MultiCell Technologies, ... Ltd. ( CDSS ) of Cheshire, England to manage its ... MCT-125, the Company,s lead drug candidate for treatment of primary multiple sclerosis-related ... In an ...
Cached Medicine Technology:Prostate Cancer: The Father's Day Gift You Never Thought About 2MultiCell Hires Clinical Research Organization to Manage MCT-125 Phase IIb Clinical Trial 2MultiCell Hires Clinical Research Organization to Manage MCT-125 Phase IIb Clinical Trial 3MultiCell Hires Clinical Research Organization to Manage MCT-125 Phase IIb Clinical Trial 4
(Date:7/11/2014)... research conducted at Aarhus University has revealed that people ... are only half as likely as their urban counterparts ... colitis and Crohn,s disease. The study findings have recently ... . , "It is extremely exciting that we can ... more classic inflammatory diseases appear to depend on the ...
(Date:7/11/2014)... July 11, 2014 As reported by ... For Cocaine: Are Genetics To Blame (6/30), Indino Downey ... cocaine and paraphernalia to smoke it with. His father, ... that his son inherited from him may have something ... made the news during the 1980s and 1990s for ...
(Date:7/11/2014)... Leeds, England (PRWEB) July 11, 2014 Having ... later as a member of mental hospital staff, Roger Grainger ... among medical professionals in his new book, “You Never Get ... 4 people in the United Kingdom will experience some kind ... , “Society still needs to take a look at ...
(Date:7/11/2014)... 11, 2014 AngelWeddingDress is now providing ... 2014 summer collections ”. When it comes to buying ... comes AngelWeddingDress with the unlimited stock of beautiful wedding ... for its wonderful summer wedding gowns. , The ... clients to keep pace with the newest fashion trends. ...
(Date:7/11/2014)... Seattle, WA (PRWEB) July 11, 2014 ... but the rate of return to play has not ... at the American Orthopaedic Society for Sports Medicine’s ( ... for NFL players is approximately 90 percent no matter ... study highlighted the success rate of return to play ...
Breaking Medicine News(10 mins):Health News:Growing up on a livestock farm halves the risk of inflammatory bowel diseases 2Health News:Roberty Downey's Son Arrested For Cocaine 2Health News:Psychiatric Hospital Patient and Registered Psychologist Explores Mental Health and Therapy in New Book "You Never Get Out" 2Health News:AngelWeddingDress Will Continuously Unveil More Summer Wedding Dresses for Loyal Clients 2Health News:Stabilizing Shoulder Surgery Helps NFL Players Return to the Game 2
... July 14 Poor people in many,countries receive lower-quality ... can be done to change this pattern? Some strategies ... improving health,coverage of the poor, or soliciting poor clients, ... On July 15 at 12:00 noon at the Wilson ...
... Line-up Drawn From Over 250 Entries, GENEVA, Switzerland, ... Chronicles, the first ever international documentary film,competition on cancer, ... winner Freeheld and many other remarkable films from 16 ... of over 250,entries from 40 countries., The festival ...
... Roxane Laboratories, Inc.,announced today the approval ... Morphine,Sulfate Tablets and Oral Solution CII by ... Morphine Sulfate CII is available in,15mg, 30mg ... strengths.,Roxane Laboratories, Morphine Sulfate tablets and oral ...
... Poland, July 14 Preliminary findings,from a ... of project,management, released today at the Project ... business and organizational,performance can be significantly improved ... study, "Researching the Value of Project Management," ...
... 4-fold increase in death, major complications , , MONDAY, ... levels after heart surgery is essential, whether one is ... , The British report, published in Circulation ... surgery patients is linked to a fourfold increase in ...
... Long-Term Care, GREENSBORO, N.C., July 14 ... it successfully completed its,Discovery-180 technology assessment and ... http://www.foxlearningsystems.com ), a leading e-learning,organization based in ... innovator,of the Real Life, Real Learning(TM) staff ...
Cached Medicine News:Health News:Improving Health Care for the World's Poor: Public Health Experts Suggest Future Steps at Wilson Center 2Health News:First International Cancer Film Festival Announces Finalists 2Health News:First International Cancer Film Festival Announces Finalists 3Health News:Roxane Laboratories, Inc. Announces the Approval of Morphine Sulfate Tablets and Oral Solution 2Health News:Study: Global Business Performance Significantly Improved Through Project Management 2Health News:Poor Blood Sugar Control After Heart Surgery Impacts Outcomes 2Health News:Fox Learning Systems Selects Prymak's Discovery-180(TM) Technology Assessment to Guide Search for New LMS 2Health News:Fox Learning Systems Selects Prymak's Discovery-180(TM) Technology Assessment to Guide Search for New LMS 3
... The 5mm AEM Laparoscopic Instruments incorporate ... AEM Instruments are shielded and monitored to ... of the instrument caused by insulation failure ... risk. The protective shield built into all ...
... AEM Laparoscopic Instruments incorporate a layered design ... shielded and monitored to prevent stray electrosurgical ... caused by insulation failure or capacitive coupling; ... shield built into all AEM Instruments provides ...
... Laparoscopic Instruments incorporate a layered design unique ... and monitored to prevent stray electrosurgical burns ... by insulation failure or capacitive coupling; a ... built into all AEM Instruments provides a ...
... The 5mm AEM Laparoscopic Instruments incorporate ... AEM Instruments are shielded and monitored to ... of the instrument caused by insulation failure ... risk. The protective shield built into all ...
Medicine Products: