October 01, 2016 8:00 AM ET

Healthcare Equipment and Supplies

Company Overview of MicroPort Scientific Corporation

Company Overview

MicroPort Scientific Corporation, an investment holding company, develops, manufactures, and sells interventional medical devices worldwide. Its Orthopedics Devices segment offers reconstructive joints, spine, trauma, sports medicine, and other professional implants and equipment. The company’s Cardiovascular Devices segment provides coronary stents and related delivery systems; and dilatation catheters and accessories. Its Endovascular Devices segment provides a range of products and services for the interventional treatment of thoracic and abdominal aortic aneurysm, peripheral vascular diseases, aortic dissection, and other endovascular related diseases. The company’s Electrophysiological ...

1601 Zhangdong Road

Zhangjiang Hi-Tech Park

Shanghai,  201203

China

Founded in 1998

2,621 Employees

Phone:

86 21 3895 4600

Fax:

86 21 5080 1305

Key Executives for MicroPort Scientific Corporation

Founder, Chairman, Chief Executive Officer and Member of Remuneration Committee
Age: 53
Total Annual Compensation: $60.0K
Compensation as of Fiscal Year 2015.

MicroPort Scientific Corporation Key Developments

MicroPort Scientific Corporation Announces the Appointment of Chunyang Shao as an Independent Non-Executive Director, Member of Audit Committee and the Chairman of Nomination Committee

The board of directors of MicroPort Scientific Corporation announced the appointment of Mr. Chunyang Shao as an independent non-executive director, a member of audit committee and the Chairman of nomination committee of the company with effect from 23 September 2016. Mr. Shao is currently a partner of JunHe LLP and a member of the All China Lawyers Association and Shanghai Bar Association. Mr. Shao specializes in corporate, foreign investment, real estate, mergers and acquisitions, securities, infrastructure and project finance. From July 1988 to October 1993, Mr. Shao worked in Anhui Foreign Economy Law Office. From November 1995 to March 2002, Mr. Shao worked in the London, Hong Kong and China offices of major international law firms of Simmons & Simmons as Chinese legal counsel and Sidley Austin as a senior legal consultant. Mr. Shao joined JunHe LLP in April 2002. Mr. Shao is currently the independent director of Changjiang & Jinggong Steel Building (Group) Co. Ltd.

MicroPort Scientific Corporation Announces Unaudited Consolidated Cash Flow Results for the Six Months Ended June 30, 2016

MicroPort Scientific Corporation announced unaudited consolidated cash flow results for the six months ended June 30, 2016. For the period, net cash generated from operating activities was $35,723,000 against $12,255,000 a year ago. Payments for purchase of property, plant and equipment was $23,042,000 against $16,420,000 a year ago.

MicroPort Scientific Corporation Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016

MicroPort Scientific Corporation announced unaudited consolidated earnings results for the six months ended June 30, 2016. During the Reporting Period, the Group successfully achieved a revenue of approximately USD 198.6 million, representing a growth of 6.9% excluding the foreign exchange impact and a growth of 3.8% in USD compared to the corresponding period of 2015. Such increase was primarily driven by strong sales performance of key business segments. The Group successfully turned around to a profit of USD 5.5 million and profit attributable to equity shareholders was USD 4.7 million for the six months ended 30 June 2016 or 0.33 cents diluted per share as compared with a net loss of USD 2.6 million and loss attributable to equity shareholders was USD 3.0 million or 0.21 cents diluted per share for the six months ended 30 June 2015. The significant improvement was mainly attributable to an increase of USD 8.6 million in gross profit driven by revenue growth, and an increase of USD 1.7 million in foreign exchange gain, partially offset by an increase of USD 2.9 million in operating expenses. For the six months ended 30 June 2016, the Group's total capital expenditure amounted to approximately USD 29.5 million, which was used in the (i) construction of buildings; (ii) purchase of equipment. Profit from operations was USD 22.437 million against USD 12.672 million a year ago. Profit before taxation was USD 12.405 million against USD 2.904 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 17, 2015
--
Private Placement
December 16, 2015
--
 

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