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April 27, 2015 9:25 PM ET

Healthcare Equipment and Supplies

Company Overview of MicroPort Scientific Corporation

Company Overview

MicroPort Scientific Corporation, an investment holding company, develops, manufactures, exports, and sells interventional medical devices worldwide. Its Orthopedic Devices segment offers orthopedic products of artificial joints, spinal products, trauma products, sport medicine, and other instruments and implants. This segment’s product line includes Superpath micro posterior approach total hip reconstruction technique, Biofoamtm Cancellous Titaniumtm, Evolution medial pivot knee system, Prophecy pre-operative navigation guiding system, and REPIPHYSIS oncology auto-expandable endoprosthesis. The company’s Cardiovascular Devices segment provides coronary stents and related delivery systems; a...

501 Newton Road

Zhangjiang Hi-Tech Park

Shanghai,  201203

China

Founded in 1998

2,903 Employees

Phone:

86 21 3895 4600

Fax:

86 21 5080 1305

Key Executives for MicroPort Scientific Corporation

Founder, Chairman of the Board, Chief Executive Officer and Member of Remuneration Committee
Age: 51
Total Annual Compensation: $98.0K
Compensation as of Fiscal Year 2014.

MicroPort Scientific Corporation Key Developments

MicroPort Scientific Corporation Reports Audited Consolidated Cash Flow Results for the Year Ended December 31, 2014

MicroPort Scientific Corporation reported audited consolidated cash flow results for the year ended December 31, 2014. For the period, the company has posted net cash generated from operating activities of $17,806,000 against $57,753,000 a year ago.

Microport Scientific Corporation Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

MicroPort Scientific Corporation reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company's turnover was $355,284,000 compared to $151,655,000 a year ago. Such increase was primarily attributable to the increase of the sales of orthopedics devices arising from the acquisition of the OrthoRecon business. Loss from operations was $39,366,000 compared to profit from operations of 34,217,000 a year ago. Loss before taxation was $53,514,000 compared to profit before taxation of $33,162,000 a year ago. Loss for the year was $59,571,000 compared to profit of $23,997,000 a year ago. Loss attributable to equity shareholders of the Company was $59,461,000 compared to profit attributable to equity shareholders of the Company of $23,997,000 a year ago. Such decrease was primarily due to the consolidation of the newly acquired OrthoRecon business which incurred a net loss of $54.2 million, including transaction and transitional expenses of $10.4 million, goodwill impairment of $23.3 million for the year ended 31 December 2014 and interest expense of $13.0 million for the year ended 31 December 2014 for the interest-bearing borrowings made and the convertible bonds issued for the payment of the acquisition of the OrthoRecon business. Excluding the impacts, the remaining business of the Group recorded a net profit of $30.9 million for the year ended 31 December 2014. Diluted loss per share was 4.27 cents compared to earnings of 1.67 cents a year ago. In addition, during the year, the Group's total capital expenditure amounted to approximately $62.1 million, which was used in construction of building, acquiring equipment and machinery and capitalisation of R&D projects expenses.

MicroPort Scientific Corporation, 2014 Earnings Call, Apr 02, 2015

MicroPort Scientific Corporation, 2014 Earnings Call, Apr 02, 2015

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