Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of August 2021

Commission File Number: 001-39328

 

 

Genetron Holdings Limited

(Exact Name of Registrant as Specified in Its Charter)

 

 

1-2/F, Building 11, Zone 1

No.8 Life Science Parkway

Changping District, Beijing, 102206

People’s Republic of China

+86 10 5090-7500

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒                 Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Genetron Holdings Limited
By:  

/s/ Sizhen Wang

Name: Sizhen Wang
Title: Chief Executive Officer

Date: August 24, 2021


EXHIBIT INDEX

 

Exhibit   

Description

99.1    Press Release titled “Genetron Health Reports Second Quarter 2021 Unaudited Financial Results”
EX-99.1

Exhibit 99.1

Genetron Health Reports Second Quarter 2021 Unaudited Financial Results

BEIJING, China, August 24, 2021 — Genetron Holdings Limited (“Genetron Health” or the “Company”, NASDAQ:GTH), a leading precision oncology platform company in China that specializes in offering molecular profiling tests, early cancer screening products and companion diagnostics development, today announced its unaudited preliminary financial results for the second quarter ended June 30, 2021.

Second Quarter and Recent Highlights

 

   

Recorded total revenue of RMB 140.5 million (US$21.8 million) for the second quarter 2021, representing a 38.1% increase over the same period of 2020.

 

   

Generated LDT segment revenue with year on year growth of 15.0% to RMB 87.1 million (US$13.5 million) for the second quarter 2021.

 

   

IVD revenue was RMB 43.8 million (US$6.8 million) for the second quarter 2021, representing 141.5% growth over the same period of 2020, due to increasing sales of Genetron S5 instrument and 8-gene Lung Cancer Assay (Tissue).

 

   

Development services grew 21.8% compared to a year ago, based on our increasing effort in providing services to biopharmaceutical partners.

 

   

Achieved gross margin of 67.2% for the second quarter 2021, compared to 63.1% in the same period of 2020, thanks to improvements in both LDT and IVD business lines.

 

   

Genetron established a IVD partnership with Shanghai Yikon Genomics Technology Co., Ltd., in which the partner will have exclusive rights of its S5 instrument in the area of reproductive health.

 

   

Recently, Seq-MRD for hematologic cancers has signed on a leading pharmaceutical MNC for use in their clinical trial.

 

   

AYVAKIT® companion diagnostic kit, developed in partnership with CStone Pharmaceuticals, has entered the priority review and approval process under the NMPA in China.

 

   

Received CE Mark for 8-gene Lung Cancer Assay (Tissue).

 

   

Established collaboration with Guizhou Province’s Dafang County authorities to use HCCscreenTM for high-risk liver cancer patients in the rural markets.

 

   

Genetron’s Beijing lab achieved full marks and was ranked first in NCCL’s External Quality Assessment of participating clinical laboratories in China, based on its NGS-based comprehensive genomic profiling for solid tumors, Onco Panscan.

“In the second quarter, we delivered strong revenues, along with improved gross margins. We were pleased to see continued sales momentum across all of our business lines,” remarked Mr. Sizhen Wang, co-founder and CEO of Genetron Health. “Over the past several weeks, the stricter COVID policies in China have impacted our business, which at present we believe is temporary. We are closely monitoring the evolving situation and remain focused on executing our strategy in geographies and segments that are less affected by the restrictions. Notwithstanding the near-term challenges, we also continue to execute on the pipeline front in the second half. We are moving along with our NMPA registrational trial preparation for HCCscreenTM, and we project to release CRC data for early screening later this year. Our efforts in MRD are also progressing – with the upcoming LDT launch of Seq-MRD in blood cancers in the clinical settings, as well as other ongoing studies in solid tumors. As we continue to focus on achieving the important milestones for the company, we also remain confident about the overall growth prospects of the precision oncology sector in China, thanks to continued government support and related policy tailwinds that aim at providing broader and better healthcare options for Chinese citizens.”

Second Quarter 2021 Unaudited Preliminary Financial Results

 

1


Total revenue for the second quarter 2021 increased by 38.1% to RMB140.5 million (US$21.8 million) from RMB101.7 million in the same period of 2020.

Diagnosis and monitoring revenue increased by 39.4% to RMB131.0 million (US$20.3 million) in the second quarter 2021 from RMB93.9 million in the same period of 2020. The increase was driven by the growth in the revenue generated from the sale of IVD products.

 

   

Revenue generated from the provision of LDT services increased by 15.0% to RMB87.1 million (US$13.5 million) during the second quarter 2021 from RMB75.8 million in the same period of 2020. In the second quarter, sales of LDT services included sales of our early screening test, HCCscreen. LDT diagnostic tests sold in the second quarter 2021 totaled approximately 6,840 units.

 

   

Revenue generated from sales of IVD products increased by 141.5% to RMB43.8 million (US$6.8 million) in the second quarter 2021 from RMB18.1 million in the second quarter 2020, due to increasing sales of Genetron S5 instrument and 8-gene Lung Cancer Assay (Tissue).

Contracted in-hospital partners

(as of the end of the period indicated)

 

     2Q20      3Q20      4Q20      1Q21      2Q21  

IVD In-hospital partners

     18        20        22        23        28  
     2Q20      3Q20      4Q20      1Q21      2Q21  

Total in-hospital partners(1)

     35        38        40        42        50  

Note:

(1)

The number of total in-hospital partners include both sales of LDT services and IVD products.

Revenue generated from development services increased by 21.8% to RMB9.5 million (US$1.5 million) in the second quarter 2021, from RMB7.8 million in the same period of 2020. Biopharmaceutical revenue growth increased significantly in the second quarter of 2021 compared to the same period of 2020.

Cost of revenue increased by 22.7% to RMB46.0 million (US$7.1 million) for the three months ended June 30, 2021, compared to RMB37.5 million in the same period of 2020.

Gross profit increased by 47.1% to RMB94.5 million (US$14.6 million) in the second quarter 2021 from RMB64.2 million in the same period of 2020. Gross margin improved to 67.2% for the second quarter 2021, compared to 63.1% in the same period of 2020, mainly due to higher gross margins for both LDT and IVD business lines.

Operating expenses increased by 65.8% to RMB194.6 million (US$30.1 million) for the three months ended June 30, 2021, from RMB117.4 million in the same period of 2020.

 

2


Selling expenses increased by 46.0% to RMB88.5 million (US$13.7 million) in the second quarter 2021 from RMB60.6 million in the same period of 2020. Selling expenses as a percentage of revenues was 63.0% in the second quarter 2021, compared to 59.6% in the same period of 2020. The increase was primarily due to higher marketing expense and higher employee compensation expenses.

Administrative expenses increased by 95.6% to RMB54.6 million (US$8.5million) in the second quarter 2021 from RMB27.9 million in the same period of 2020. Administrative expenses as a percentage of revenues increased to 38.8% in the second quarter 2021 from 27.4% in the second quarter 2020. The increases were mainly due to more headcount, higher professional fees, and IT expenses.

Research and development expenses increased by 88.2% to RMB56.2 million (US$8.7 million) in the second quarter 2021 from RMB29.8 million in the same period of 2020. Research and development expenses as a percentage of revenues increased to 40.0% in the second quarter of 2021 from 29.3% in the same period of 2020. The increases were driven by higher R&D headcount and related expenses, as well as continued innovation efforts including product development and clinical trial activities.

As a result of the above, operating loss was RMB100.2 million (US$15.5 million) for the three months ended June 30, 2021, compared to RMB53.1 million for the three months ended June 30, 2020.

Net finance income increased to RMB8.0 million (US$1.2 million) in the second quarter 2021 from net finance costs of RMB0.6 million in the same period of 2020. The increase was mainly driven by the foreign currency exchange gain.

Loss for the period was RMB92.1 million (US$14.3 million) for the three months ended June 30, 2021, compared to RMB2,832.4 million for the three months ended June 30, 2020. The Company recorded RMB2,778.6 million and nil in fair value loss of financial instruments with preferred rights for the three months ended June 30, 2020 and 2021, respectively.

Non-IFRS loss for the period, defined as loss for the period excluding share-based compensation expenses, fair value change and other loss of financial instruments with preferred rights, was RMB79.6 million (US$12.3 million) for the three months ended June 30, 2021, compared to RMB43.9 million for the three months ended June 30, 2020. Please refer to the section in this press release titled “Non-IFRS Financial Measures” for details.

Basic loss per ordinary share attributable to ordinary shareholders of the Company was RMB0.20 (US$0.03) for the second quarter of 2021, compared with a basic loss per share attributable to ordinary shareholders of the Company of RMB17.04 for the same period of 2020. Excluding share-based compensation expenses, fair value change of financial instruments with preferred rights and other loss of financial instruments with preferred rights, non-IFRS basic loss per share attributable to ordinary shareholders of the Company was RMB0.17 (US$0.03) for the second quarter of 2021, compared with non-IFRS basic loss per share attributable to ordinary shareholders of the Company of RMB0.26 for the same period of 2020. Diluted loss per share attributable to ordinary shareholders of the Company is equivalent to basic loss per share attributable to ordinary shareholders of the Company. Each ADS represents of five ordinary shares, par value US$0.00002 per share. Please refer to the section in this press release titled “Non-IFRS Financial Measures” for details.

As of June 30, 2021, our cash and cash equivalents, restricted cash and current financial assets at fair value through profit or loss were RMB1,214.0 million (US$188.0 million), compared to RMB1,516.1 million as of December 31, 2020. The total decrease was mainly used for operating activities.

 

3


2021 Financial Guidance

At this time, we expect the current COVID-related restrictions to be temporary, and are maintaining our 2021 expected revenue range of RMB615 million to RMB625 million. However, if the current environment sustains or worsens, the Company expects to reassess its financial projections and would provide appropriate updates to the market at that time.

Conference Call

A conference call and webcast to discuss the results will be held at 8:30 a.m. U.S. Eastern Time on August 24, 2021 (or at 8:30 pm Beijing Time on August 24, 2021). Interested parties may listen to the conference call by dialing numbers below:

 

United States:    +1-845-675-0437
China Domestic:    400-620-8038
Hong Kong:    +852-3018-6771
International:    +65-6713-5090
Conference ID:    7494097

Participants are encouraged to dial into the call at least 15 minutes in advance due to high call volumes.

A replay will be accessible through August 31, 2021 by dialing the following numbers:

 

United States:    +1-855-452-5696
International:    +61-2-8199-0299
Conference ID:    7494097

A simultaneous webcast of the conference call will be available on the “News and Presentations” page of the Investors section of the Company’s website. A replay of the webcast will be available for 30 days following the event. For more information, please visit ir.genetronhealth.com.

Exchange Rate Information

All translations made in the financial statements or elsewhere in this press release made from RMB into United States dollars (“US$”) are solely for convenience and calculated at the rate of US$1.00=RMB 6.4566, representing the exchange rate as of June 30, 2021, set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate, or at any other rate, on June 30, 2021.

Non-IFRS Financial Measures

The Company uses non-IFRS loss and non-IFRS loss per share attributable to ordinary shareholders of the Company for the year/period, which are non-IFRS financial measures, in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that non-IFRS loss and non-IFRS loss per share attributable to ordinary shareholders of the Company help identify underlying trends in the Company’s business that could otherwise be distorted by the effect of certain expenses that the Company includes in its loss for the year/period. The Company believes that non-IFRS loss and non-IFRS loss per share attributable to ordinary shareholders of the Company for the year/period provide useful information about its results of operations, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.

 

4


Non-IFRS loss and non-IFRS loss per share attributable to ordinary shareholders of the Company for the year/period should not be considered in isolation or construed as an alternative to operating profit, loss for the year/period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS loss and non-IFRS loss per share attributable to ordinary shareholders of the Company for the year/period and the reconciliation to its most directly comparable IFRS measures. Non-IFRS loss and non-IFRS loss per share attributable to ordinary shareholders of the Company for the year/period presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

Non-IFRS loss and non-IFRS loss per share attributable to ordinary shareholders of the Company for the year/period represent loss for the year/period excluding share-based compensation expenses, fair value change of financial instruments with preferred rights and other loss of financial instruments with preferred rights (if applicable).

Please see the “Unaudited Non-IFRS Financial Measures” included in this press release for a full reconciliation of non-IFRS loss for the year/period to loss for the year/period and non-IFRS loss per share attributable to ordinary shareholders of the Company for the year/period to loss per share attributable to ordinary shareholders of the Company for the year/period.

About Genetron Holdings Limited

Genetron Holdings Limited (“Genetron Health” or the “Company”) (Nasdaq: GTH) is a leading precision oncology platform company in China that specializes in cancer molecular profiling and harnesses advanced technologies in molecular biology and data science to transform cancer treatment. The Company has developed a comprehensive oncology portfolio that covers the entire spectrum of cancer management, addressing needs and challenges from early screening, diagnosis and treatment recommendations, as well as continuous disease monitoring and care. Genetron Health also partners with global biopharmaceutical companies and offers customized services and products. For more information, please visit ir.genetronhealth.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings

with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

 

5


Investor Relations Contact

US:

Hoki Luk

Head of Investor Relations

Email: hoki.luk@genetronhealth.com

Phone: +1 (408) 891-9255

David Deuchler, CFA

Managing Director | Gilmartin Group

ir@genetronhealth.com

Media Relations Contact

Yanrong Zhao

Genetron Health

yanrong.zhao@genetronhealth.com

Edmond Lococo

ICR

Edmond.Lococo@icrinc.com

Mobile: +86 138-1079-1408

genetron.pr@icrinc.com

 

6


GENETRON HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF LOSS

 

     For the three months ended     For the six months ended  
     June 30, 2020     June 30, 2021     June 30,2020     June 30, 2021  
     RMB’000     RMB’000     US$’000     RMB’000     RMB’000     US$’000  

Revenue

     101,735       140,485       21,758       178,578       232,546       36,017  

Cost of revenue

     (37,512     (46,021     (7,128     (72,117     (83,533     (12,938
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     64,223       94,464       14,630       106,461       149,013       23,079  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Selling expenses

     (60,618     (88,516     (13,709     (114,442     (148,187     (22,951

Administrative expenses

     (27,906     (54,577     (8,453     (49,529     (99,180     (15,361

Research and development expenses

     (29,845     (56,162     (8,698     (57,474     (106,136     (16,438

Net impairment losses on financial and contract assets

     (267     (3,474     (538     (990     (13,304     (2,061

Other income and gains/(losses) - net

     1,270       8,081       1,252       (4,332     8,611       1,335  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating expenses

     (117,366     (194,648     (30,146     (226,767     (358,196     (55,476
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating loss

     (53,143     (100,184     (15,516     (120,306     (209,183     (32,397
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Finance income

     198       9,447       1,463       228       5,179       802  

Finance costs

     (827     (1,409     (218     (4,375     (3,180     (493
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Finance (costs)/income - net

     (629     8,038       1,245       (4,147     1,999       309  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fair value loss of financial instruments with preferred rights

     (2,778,591     —         —         (2,823,370     —         —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income tax

     (2,832,363     (92,146     (14,271     (2,947,823     (207,184     (32,088

Income tax expense

     —         —         —         —         —         —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss for the period

     (2,832,363     (92,146     (14,271     (2,947,823     (207,184     (32,088
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss attributable to:

            

Owners of the Company

     (2,832,363     (91,820     (14,221     (2,947,823     (204,574     (31,684

Non-controlling interests

     —         (326     (50     —         (2,610     (404
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     (2,832,363     (92,146     (14,271     (2,947,823     (207,184     (32,088
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss per share attributable to ordinary shareholders of the Company

     RMB       RMB       USD       RMB       RMB       USD  

-Basic and diluted

     (17.04     (0.20     (0.03     (20.25     (0.45     (0.07
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss per ADS attributable to ordinary shareholders of the Company

            

-Basic and diluted

     (85.22     (1.00     (0.15     (101.23     (2.23     (0.35
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Shares used in loss per share attributable to ordinary shareholders of the Company computation:

            

-Basic and diluted

     166,179,400       459,903,803       459,903,803       145,604,263       458,999,227       458,999,227  

ADS used in loss per ADS attributable to ordinary shareholders of the Company computation:

            

-Basic and diluted

     33,235,880       91,980,761       91,980,761       29,120,853       91,799,845       91,799,845  

 

7


GENETRON HOLDINGS LIMITED

UNAUDITED NON-IFRS FINANCIAL MEASURE

 

     For the three months ended     For the six months ended  
     June 30, 2020     June 30, 2021     June 30, 2020     June 30, 2021  
     RMB’000     RMB’000     US$’000     RMB’000     RMB’000     US$’000  

Loss for the period

     (2,832,363     (92,146     (14,271     (2,947,823     (207,184     (32,088

Adjustments:

            

Share-based compensation

     9,903       12,504       1,937       14,954       21,754       3,369  

Fair value loss of financial instruments with preferred rights

     2,778,591       —         —         2,823,370       —         —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Non-IFRS Loss

     (43,869     (79,642     (12,334     (109,499     (185,430     (28,719
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Attributable to:

            

Owners of the Company

     (43,869     (79,316     (12,284     (109,499     (182,820     (28,315

Non-controlling interests

     —         (326     (50     —         (2,610     (404
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     (43,869     (79,642     (12,334     (109,499     (185,430     (28,719
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Non-IFRS loss per share attributable to ordinary shareholders of the Company

     RMB       RMB       USD       RMB       RMB       USD  

-Basic and diluted

     (0.26     (0.17     (0.03     (0.75     (0.40     (0.06
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Non-IFRS loss per ADS (5 ordinary shares equal to 1 ADS) attributable to ordinary shareholders of the Company

            

-Basic and diluted

     (1.32     (0.86     (0.13     (3.76     (1.99     (0.31
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Shares used in non-IFRS loss per share attributable to ordinary shareholders of the Company computation:

            

-Basic and diluted

     166,179,400       459,903,803       459,903,803       145,604,263       458,999,227       458,999,227  

ADS used in non-IFRS loss per ADS attributable to ordinary shareholders of the Company computation:

            

-Basic and diluted

     33,235,880       91,980,761       91,980,761       29,120,853       91,799,845       91,799,845  

 

8


GENETRON HOLDINGS LIMITED

UNAUDITED REVENUE AND SEGMENT INFORMATION

 

     Diagnosis and
monitoring

- provision of
LDT services
RMB’000
     Diagnosis and
monitoring

- sale of IVD
products
RMB’000
     Development
services
RMB’000
    Total
RMB’000
 

Three months ended June 30, 2020

 

       

Revenue

     75,772        18,145        7,818       101,735  

Segment profit

     53,094        10,040        1,089       64,223  

Three months ended June 30, 2021

 

       

Revenue

     87,138        43,827        9,520       140,485  

Segment profit

     61,890        31,312        1,262       94,464  

Six months ended June 30, 2020

 

       

Revenue

     123,348        37,358        17,872       178,578  

Segment profit/(loss)

     81,749        25,388        (676     106,461  

Six months ended June 30, 2021

 

       

Revenue

     158,966        59,093        14,487       232,546  

Segment profit

     110,701        36,534        1,778       149,013  

 

9


GENETRON HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 

     As at December 31, 2020      As at June 30, 2021  
     RMB’000      RMB’000      US$’000  

ASSETS

        

Non-current assets

        

Property, plant and equipment

     76,891        76,746        11,886  

Right-of-use assets

     59,706        55,583        8,609  

Intangible assets

     12,265        15,284        2,367  

Financial assets at fair value through profit or loss

     19,609        36,334        5,628  

Prepayments

     15,362        23,418        3,627  
  

 

 

    

 

 

    

 

 

 

Total non-current assets

     183,833        207,365        32,117  
  

 

 

    

 

 

    

 

 

 

Current assets

        

Inventories

     24,971        32,978        5,108  

Contract assets

     1,112        2,188        339  

Other current assets

     36,500        31,255        4,841  

Trade receivables

     164,592        211,898        32,819  

Other receivables and prepayments

     42,420        46,835        7,254  

Amounts due from related parties

     214        225        35  

Financial assets at fair value through profit or loss

     140,294        142,194        22,023  

Derivative financial instruments

     196        745        115  

Restricted cash

     —          5,000        774  

Cash and cash equivalents

     1,375,766        1,066,815        165,229  
  

 

 

    

 

 

    

 

 

 

Total current assets

     1,786,065        1,540,133        238,537  
  

 

 

    

 

 

    

 

 

 

Total assets

     1,969,898        1,747,498        270,654  
  

 

 

    

 

 

    

 

 

 

 

10


GENETRON HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

 

     As at December 31, 2020     As at June 30, 2021  
     RMB’000     RMB’000     US$’000  

LIABILITIES

      

Non-current liabilities

      

Borrowings

     5,493       1,709       265  

Lease liabilities

     43,016       38,627       5,983  

Other non-current liabilities

     —         8,096       1,254  
  

 

 

   

 

 

   

 

 

 

Total non-current liabilities

     48,509       48,432       7,502  
  

 

 

   

 

 

   

 

 

 

Current liabilities

      

Trade payables

     34,071       36,172       5,602  

Contract liabilities

     8,417       9,719       1,505  

Other payables and accruals

     111,164       107,742       16,688  

Amounts due to related parties

     24       513       79  

Borrowings

     58,583       27,903       4,322  

Lease liabilities

     16,585       19,087       2,956  

Derivative financial instruments

     —         4,219       653  
  

 

 

   

 

 

   

 

 

 

Total current liabilities

     228,844       205,355       31,805  
  

 

 

   

 

 

   

 

 

 

Total liabilities

     277,353       253,787       39,307  
  

 

 

   

 

 

   

 

 

 

Net assets

     1,692,545       1,493,711       231,347  
  

 

 

   

 

 

   

 

 

 

SHAREHOLDERS’ EQUITY

      

Equity attributable to owners of the Company

      

Share capital

     59       59       9  

Share premium

     6,657,562       6,680,307       1,034,648  

Other reserves

     (24,701     (49,917     (7,731

Accumulated losses

     (4,940,375     (5,144,949     (796,851
  

 

 

   

 

 

   

 

 

 
     1,692,545       1,485,500       230,075  
  

 

 

   

 

 

   

 

 

 

Non-controlling interests

     —         8,211       1,272  
  

 

 

   

 

 

   

 

 

 

Total shareholders’ equity

     1,692,545       1,493,711       231,347  
  

 

 

   

 

 

   

 

 

 

 

11