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China Medical Technologies Reports First Quarter Financial Results

hese forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release, the Company's strategic operational plans, as well as outlook for FY2007, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

China Medical Technologies, Inc.

Unaudited Condensed Consolidated Balance Sheets

As of

March 31,

2007 June 30, 2007


(in thousands)


Current assets

Cash and cash equivalents 1,173,640 1,145,271 150,456

Trade accounts receivable 201,778 215,335 28,289

Prepayments and other receivables 41,484 45,568 5,986

Inventories 27,991 31,902 4,191

Total current assets 1,444,893 1,438,076 188,922

Property, plant and equipment, net 135,791 147,075 19,321

Goodwill and other intangible assets,

net (1) 1,355,735 1,323,732 173,9

SOURCE China Medical Technologies, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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