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China Medical Technologies Reports Third Fiscal Quarter Financial Results
Date:2/18/2011

09December 31, 2010(1) Revenues, net

RMB'000RMB'000US$'000- Molecular diagnostic systems283,865

361,527

54,777- Immunodiagnostic systems

263,478

250,425

37,943547,343

611,952

92,720Molecular diagnostic systems- HPV-DNA chips

-

13,006

1,971(2) Non-GAAP numbers exclude stock compensation expense and amortization of acquired intangible assets.For the Nine Months EndedDecember 31, 2009December 31, 2010RMB'000RMB'000US$'000Stock compensation expense

-

275

42Amortization of acquired intangible assets67,297

120,516

18,26067,297

120,791

18,302(3) Non-GAAP numbers exclude stock compensation expense.(4) Non-GAAP numbers exclude amortization of acquired intangible assets.(5) Non-GAAP numbers exclude non-cash interest expense of convertible notes. (6) Non-GAAP numbers exclude non-cash interest expense for amortization of share lending costs. (7) Non-GAAP numbers exclude gain on repurchase of convertible notes as well as high yield note offering expenses. 

For the Nine Months EndedDecember 31, 2009December 31, 2010RMB'000RMB'000US$'000Gain on repurchase of convertible notes-

(78,772)

(11,935)High yield note offering expenses

-

5,236

793-

(73,536)

(11,142)(8) Interest expense and amortization in connection with convertible notes were not added back in computing GAAP diluted earnings per ADS because they were anti-dilutive. Non-GAAP earnings per ADS represents non-GAAP net income divided by the weighted average number of ADSs used in computing basic and diluted earnings per ADS in accordance with GAAP.(9) As a result of the adoption of new authoritative guidance governing the accounting for own-share lending arrangements in contemplation of convertible debt issuance or other financing effective on April 1, 2010,  the Company adjusted relevant numbers in the unaudited condensed consoli
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SOURCE China Medical Technologies, Inc.
Copyright©2010 PR Newswire.
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