PR91391

SHENZHEN, China, Aug. 31, 2021 /PRNewswire=KYODO JBN/ --

LifeTech Scientific Corporation (LifeTech, 01302.HK), a leading company

specialized in minimally invasive interventional medical devices for

cardio-cerebrovascular and peripheral vascular diseases, today announced 2021

interim results.

Compared with the first half of 2020, LifeTech achieved an outstanding

performance. The revenue was approximately RMB461.1 million, increased by

approximately 68.9%, the gross profit and the net profit was recorded

approximately RMB374.4 million and RMB204.4 million respectively, representing

an increase of around 72.5% and 106.5% respectively.

In the first half of 2021, the sales generated from mainland China was

increased by approximately 74.6% and it accounted for approximately 84.0% of

the total revenue. Although the COVID-19 epidemic situation in most overseas

markets remained unstable, the overseas sales still increased by approximately

44.3% as compared with the corresponding period of 2020.

As the performance of business segments, in the first half of 2021, the

turnover contributed by the structural heart diseases business was

approximately RMB159.1 million, representing an increase of approximately

100.6%, of which the sales of LAA occluder increased by approximately 147.5%

and the sales of the three CHD occluders: HeartR™, Cera™ and CeraFlex™

increased by approximately 47.3%,160.0% and 13.3% respectively.

LifeTech's peripheral vascular disease business generated the turnover of

approximately RMB286.8 million, representing an increase of approximately

50.0%, of which the sales of stent grafts and vena cava filters increased by

approximately 60.8% and 24.7% respectively.

The turnover contributed by the cardiac pacing and electrophysiology business

was approximately RMB15.2 million, representing a growth of approximately

508.0%.

LifeTech continuously strengthened its innovation capabilities and accelerated

the R&D process of its pipeline products to maintain its leading position in

the industry, the R&D expenses increased by approximately 25.3% to

approximately RMB91.7 million in the first half of 2021, and achieved the

following main progress:

G-iliac™ Iliac Artery Bifurcation Stent Graft System, LAnavi™ Jointed Steerable

Introducer, Freepath™Guidance System and OKcurve™ Steerable Delivery System

obtained official registration approval from the China NMPA;

Xuper™ Open Surgery Stent Graft System obtained the CE certification in EU;

IBS Angel™ Iron Bioresorbable Scaffold System ("IBS Angel™") obtained

registration approval from Medical Device Authority in Malaysia;

Artery Stent Graft System (chimney graft) was approved as an innovative medical

device in China;

Cinenses™ Lung Volume Reduction Reverser System has completed the enrollment of

clinical trials in Europe;

G-Branch™Thoraco-Abdominal Aortic Stent Graft System has completed the

enrollment of FIM study and the mid-term follow-up results are positive;

LAmbre™ LAA Occluder System, IBS Titan™ Sirolimus-Eluting Iron Bioresorbable

Peripheral Scaffold System and IBS Angel™ were approved in the United States by

the FDA for "Compassionate Use", and

IBS™ Sirolimus-Eluting Iron Bioresorbable Coronary Scaffold System obtained the

implied permission for conducting confirmatory clinical trials in China.

Meanwhile, the total of 1,350 patent applications have been filed, of which 496

patents have been registered as at 30 June 2021, which is an important

intangible asset and an internal driving force of LifeTech improving its core

competitiveness in the global device market.

Source: LifeTech Scientific Corporation