Navigation Links
Golden Meditech FY2010-11 Annual Results
Date:6/30/2011

HONG KONG, June 30, 2011 /PRNewswire-Asia-FirstCall/ -- Golden Meditech Holdings Limited ("Golden Meditech," together with its subsidiaries collectively as the "Group," - 801.HK; 910801.TW), a leading integrated healthcare enterprise in China, is pleased to announce the Group's annual results for the year ended 31 March, 2011.  During the reporting period, the Group's core businesses reported total turnover of HK$328,066,000, 15% growth compared to the previous year.  Profit attributable to shareholders increased substantially by 195% at HK$343,208,000 while basic earnings per share amounted to HK19.9 cents.

Mr. KAM Yuen, Chairman and Chief Executive Officer of the Group, said the results are in-line with Group management's expectations.  The remarkable growth in revenue is primarily driven by stable growth in the core businesses of medical devices and healthcare services and contribution from associates and jointly controlled entities.  At the same time, management believes the healthcare services, as one of the Group's key strategic businesses, will become a key driver for future growth as it expand its operation under the favourable policy and market environment.

The Group's healthcare services business currently consists of hospital management, medical insurances administration outsourcing business and cord blood banking operation, of which, hospital management demonstrated most significant growth during the review period.  Revenue from hospital management (generated from the two haematology hospitals under the Daopei brand name), reported remarkable 55.4% increase in hospital management income to HK$80.4million, accounted for 25% of the Group's total turnover and increased by 7 percentage points compared to the previous year.  

On the other hand, the Group has announced two major acquisition transactions, one in Beijing and the other in Shanghai.  The Beijing acquisition will increase the bed count of Beijing Daopei Hospital to 500, to alleviate the hospital admission waiting list, and expedite growth of the haematology hospital.  On the other hand, the Group will leverage the acquisition of Shanghai East International Medical Center to enter into premium healthcare services market, creating a solid foundation for the future development of the Group's hospital management operations.

As another key focus in Golden Meditech's healthcare services segment, the Group's associate company, China Cord Blood Corporation (CCBC), is the largest specialized cord blood stem cell storage operator in China.  CCBC has obtained three of the seven exclusive licenses for provincial or municipal operation, and a minority stake in the fourth operator.  Its total turnover increased by 29.8% during the reporting period at US$51.9million (approximately HK$400million).  In view of CCBC's positive outlook and strong management team, the Group has increased its shareholding in CCBC to 39.5%.  GM Medicare, the Group's medical insurance information management service provider, has reported significant breakthrough in the construction of IT infrastructure, paving way for full launch of operation within the year.

He reiterated that the blood-related medical devices business has brought about impressive revenue and profit for the Group, while the joint venture with Fenwal Inc., will also be finalized within the year.  On the other hand, demand driven growth resulting from nation-wide surgical blood shortage will also enable the penetration into second tier hospitals in China.

In January 2011, the Group has successfully listed its shares on the Taiwan Stock Exchange, enabling the Group to become the first healthcare enterprise to have a tripartite business platform between the "two shores and three locations." This will enable the Group to expand its presence in the Greater China market and leverage its resources and regional advantage, giving it a head start in capitalizing on the emerging business opportunities on the back of China's medical reform and the Economic Cooperation Framework Agreement (ECFA).

About Golden Meditech Holdings LimitedGolden Meditech Holdings Limited is China's leading integrated-healthcare devices and service operator, and the first medical device enterprise that was publicly listed outside of the PRC on the Stock Exchange of Hong Kong Limited (HKEx) and the Taiwan Stock Exchange (TSE).  Golden Meditech is a first-mover in China, having established dominant positions in medical devices and healthcare services markets over the years, thanks to its strengths in innovation and market expertise and the ability to capture emerging market opportunities.  Going forward, the Group will continue to pursue a leading position in China's healthcare industry both through organic growth and strategic expansion.

For inquiries, please contact:Investor Relations DepartmentGolden Meditech Holdings LimitedAddress:

48/F, Bank of China Tower, 1 Garden Road, Central, Hong KongTel:

+852-3605-8180Fax:

+852-3605-8181Email:

ir@goldenmeditech.com
'/>"/>

SOURCE Golden Meditech Holdings Limited
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Golden Meditech Acquires Shanghai East International Medical Centre
2. Golden Meditech to Increase Stake in NYSE-listed Affiliate -- China Cord Blood Corporation to 39.5%
3. Golden Meditech Chairman Increases Stake in Company
4. Fenwal, Golden Meditech Complete Definitive Agreement to Form Joint Venture in China
5. Golden Meditech Acquires Remaining Stake in Chinese Herbal Medicine Business
6. Golden Meditech to Form Strategic Alliance with Long Bon International
7. Golden Meditech as First Chinese Healthcare Enterprise to Obtain Approval for Taiwan Depositary Receipts Offering
8. Golden Meditech Announces Plan to Issue Taiwan Depository Receipts
9. Golden Meditech Announces Annual Results for FY 2009/10
10. Concord Medical Services Files 2010 Annual Report on Form 20-F
11. First Annual Pediatric Medication Safety Summit
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... NEW BRUNSWICK, N.J. , Feb. 9, 2016 /PRNewswire/ ... in the RBC Capital Markets Global Healthcare Conference on ... New York City.  Dominic Caruso , Vice President, ... , Worldwide Chairman, Consumer will represent the Company in ... www.investor.jnj.com . --> www.investor.jnj.com . ...
(Date:2/9/2016)... N.J. , Feb. 9, 2016  Bluestar Silicones ... (LSR) product line for long-term implant applications and ... Medical Design & Manufacturing (MD&M) West Conference (Booth ... --> --> ... Silbione® Biomedical LSRs offer outstanding physical properties enabling ...
(Date:2/8/2016)... 2016 Respiratory Devices - Medical Devices ... Devices sector report, " Respiratory Devices - Medical ... of Respiratory Devices currently in pipeline stage. ... products with comparative analysis of the products at ... players involved in the pipeline product development. It ...
Breaking Medicine Technology:
(Date:2/9/2016)... ... February 09, 2016 , ... Cirracore Enterprise Cloud, today announced ... to the cloud. Cirracore provides a secure VMware® vCloud Air based cloud ... Transformation Solutions (TSL Partners) provides a full range of services from planning, ...
(Date:2/9/2016)... ... , ... The Journal of Pain Research has published the commentary ... As corresponding author Dr John F. Peppin says “Terminology matters, yet little attention has ... patients. ‘Chronic cancer pain’ and ‘chronic non-cancer pain’ are replete in the literature; ...
(Date:2/9/2016)... Palm City, Florida (PRWEB) , ... February 09, ... ... providers of cold therapy products, announced today the introduction of the newly designed, ... for maximum comfort and better cold therapy coverage for the injured arm and ...
(Date:2/9/2016)... St. Petersburg, FL (PRWEB) , ... February 09, 2016 , ... Shark Finds ... of a new DRTV campaign with GRIP-DRY. , GRIP-DRY is a newly patented product that ... carts. Golfers who play in the wet and early morning dew or right after a ...
(Date:2/8/2016)... City, GA (PRWEB) , ... February 08, 2016 , ... ... and cavity-free. February is National Children’s Dental Health Month and family dentist Yvonne Dorrian, ... 3 p.m. at Coast Dental , located next to Target at 1207 North ...
Breaking Medicine News(10 mins):