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 November 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: November 30, 2021


EXHIBIT INDEX

 

Exhibit   

Description

99.1    Press Release titled “Genetron Health Announces Co-Development Agreement with AstraZeneca R&D China for Personalized MRD Tests for Solid Tumors in China”
99.2    Press Release titled “Genetron Health Reports Third Quarter 2021 Unaudited Financial Results”
EX-99.1

Exhibit 99.1

Genetron Health Announces Co-Development Agreement with AstraZeneca R&D China for

Personalized MRD Tests for Solid Tumors in China

Collaboration highlights the value of MRD solid tumor data generated by Genetron’s Mutation Capsule

platform, and further accelerates product development

BEIJING, November 30, 2021 (GLOBE NEWSWIRE) — 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 that it has signed a collaboration agreement with AstraZeneca R&D China (“AstraZeneca – LSE/STO/Nasdaq: AZN”) for the joint development in China of next-generation sequencing (NGS)-based tumor-informed (personalized) minimal residual disease (MRD) tests for various solid tumor types. AstraZeneca plans to incorporate the co-developed tests for China-specific studies.

Under the agreement, the companies will jointly invest capital for this collaboration, and will work together to develop and validate the personalized, solid tumor MRD assays for cancer monitoring and recurrence in China. These assays will be developed based on the genetic analysis of the primary tumor from individual patients at the beginning of treatment. A joint committee will be established to oversee the product development.

For solid tumor clinical trials in China that incorporate the use of NGS-based personalized MRD tests, AstraZeneca plans to incorporate the aforementioned co-developed MRD test in China-specific studies, subject to fulfillment of individual study criteria. Upon both companies further agreement, the scope of the agreement may also be expanded to include IVD registration and commercialization. This is an exclusive, multi-year collaboration agreement between both parties, with exclusivity contingent on certain requirements.

“We are happy to work with Genetron Health with the aim to collaboratively develop and potentially commercialize an NGS-based MRD assay to help in directing the right treatments to the right patients. We look forward to joining forces and leveraging both companies’ expertise, in the hope of bringing an innovative and effective diagnostic to benefit more cancer patients in China,” said Jing He, Senior Vice President, Head of R&D China, AstraZeneca.

“We are thrilled to partner with a leading oncology global company such as AstraZeneca, and we are proud that this partnership demonstrates the value of the initial solid tumor MRD data that we have generated so far from Genetron’s Mutation Capsule platform, the proprietary technology that we developed in-house,” said Sizhen Wang, co-founder and CEO of Genetron Health. “The agreement represents the first step of a long-term collaboration. Our goal is to develop a world-class MRD product, by combining AstraZeneca’s global leading position in oncology drug development and their invaluable insights, along with our diagnostic platform and lab expertise. We are very excited to continue working on developing more innovative diagnostic products and solutions for cancer patients.”

About Genetron’s MRD program in solid tumor and Mutation Capsule technology

Genetron’s MRD program in solid tumor is powered by its Mutation Capsule technology, which was developed in-house and has two distinctive features that are very beneficial in the development of liquid biopsy assays. This proprietary technology allows the detection of methylation alterations and mutations in one reaction, and thus it requires less blood while achieving high detection sensitivity. The second feature is the cell-free DNA (cfDNA) sample’s genetic and epigenetic information can be preserved and amplified in the Mutation Capsule library, and can be used for up to ten analyses without sacrificing sensitivity, enabling significant time and cost savings. In addition to the profiling of different panels of mutation and methylation markers, the library can also be used for low-depth whole genome sequencing to profile genome-wide parameters. It also has the function of de novo discovery of methylation sites that could have diagnostic value.


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 plans, strategies and timelines to develop personalized MRD tests for solid tumors in China with AstraZeneca R&D China, 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.

Investor Relations Contact

Hoki Luk

Email: hoki.luk@genetronhealth.com

Phone: +1 (408) 891-9255

Media Relations Contact

Yanrong Zhao

Genetron Health

Email:yanrong.zhao@genetronhealth.com

EX-99.2

Exhibit 99.2

Genetron Health Reports Third Quarter 2021 Unaudited Financial Results

BEIJING, China, November 30, 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 reported its unaudited preliminary financial results for the third quarter ended September 30, 2021.

Third Quarter and Recent Highlights

 

   

Financials:

 

   

Recorded total revenue of RMB 152.5 million (US $23.7 million) for the third quarter of 2021, representing a 36.2% increase over the same period of 2020

 

   

LDT revenue was RMB 93.0 million (US $14.4 million) in the third quarter of 2021, representing 30.2% growth compared to the prior year period

 

   

IVD revenue was RMB 51.3 million (US $8.0 million) in the third quarter of 2021, representing 70.5% growth compared to the prior year period

 

   

Achieved gross margin of 69.0% for the third quarter 2021 compared to 62.2% in the same period of 2020, primarily driven by improvements in both the LDT and IVD business lines

 

   

Early screening franchise update:

 

   

Genetron has broadened its registrational strategy for its early screening program for hepatocellular carcinoma (HCC). The Company has initiated enrollment for a PCR-based trial in November, with plans to enroll the NGS-based trial in the next few months. Genetron anticipates potential NMPA approvals for both assays in 2023

 

   

Developed a multi-omics blood-based CRC early screening assay, which was trained in a retrospective cohort of 100 cases and 100 controls, and validated in an independent cohort of the same size. The assay achieved >91% sensitivity with the specificity of 95%. Full details are planned to be released through a publication in 2022

 

   

MRD franchise update:

 

   

Formed a co-development agreement with AstraZeneca R&D China for personalized MRD tests for solid tumors in China. Our partner plans to incorporate the co-developed tests for China-specific studies. This is an exclusive, multi-year collaboration (see detailed release here )

 

   

Entered into an exclusive agreement with Fosun Pharma to commercialize Seq-MRD® in China, marking the Company’s first product launch for hematologic cancer and MRD detection

 

   

Publications:

 

   

Early Screening: Clinical results and technology findings of Genetron Health’s early liver cancer screening product for hepatocellular carcinoma (HCC), HCCscreenTM, were included in an expert consensus and was published in the Chinese Journal of Hepatology, an influential publication among liver physicians in China

 

   

MRD: Journal of Hematology & Oncology published an analysis of a personalized MRD assay developed based on Mutation Capsule technology. The assay has shown excellent sensitivity to detect 0.001% tumor DNA from peritoneal lavage fluid samples for precise prediction of peritoneal dissemination in gastric cancer patients

 

   

Bioinformatics: Briefings in Bioinformatics published enhanced variant caller performance data that was achieved by Genetron Health’s bioinformatics team

 

   

Others:

 

   

Established a strategic partnership with NeoGenomics (Nasdaq: NEO) to drive global oncology drug R&D as well as with IMPACT Therapeutics to drive development of a synthetic lethal product pipeline

 

   

Obtained CE Mark for Onco PanScanTM, the Company’s large panel product that covers over 800 genes

 

1


“Despite COVID’s impact on our third quarter financial results, we achieved strong year-over-year revenue growth of 36.2%, marked by more than 70% increase in our in-hospital (IVD) sales along with significant gross margin improvement. Operationally, we’ve had many positive updates, which included the initiation of our first registrational trial for HCC early screening, new MRD partnerships, and recognition in multiple influential publications,” remarked Mr. Sizhen Wang, co-founder and CEO of Genetron Health. “Based on the continued enforcement of “zero COVID” strategy in China, we anticipate a significantly tougher operating environment in the fourth quarter. Despite this short-term challenge, we remain laser focused on driving our clinically differentiated pipeline of comprehensive precision oncology diagnostics. Our long-term outlook remains unchanged as we continue to execute on our strategies, and we anticipate multiple data and trial updates from our key programs in the coming months. In addition, the macro environment remains favorable for Genetron, thanks to continued policy tailwinds in China that aim to improve healthcare options for local citizens.”

Third Quarter 2021 Unaudited Preliminary Financial Results

Total revenue for the third quarter of 2021 increased by 36.2% to RMB 152.5 million (US $23.7 million) from RMB 112.0 million in the same period of 2020.

Diagnosis and monitoring revenue increased by 42.2% to RMB 144.3 million (US $22.4 million) in the third quarter of 2021 from RMB 101.5 million in the same period of 2020. The increase was primarily driven by the growth in the revenue generated from the sale of both LDT & IVD products.

 

   

Revenue generated from the provision of LDT services increased by 30.2% to RMB 93.0 million (US $14.4 million) during the third quarter of 2021 from RMB 71.4 million in the same period of 2020, primarily driven by increased sales of HCC early screening tests. LDT diagnostic tests sold in the third quarter 2021 totaled approximately 5,900 units.

 

   

Revenue generated from sales of IVD products increased by 70.5% to RMB 51.3million (US $8.0 million) in the third quarter of 2021 from RMB 30.1 million in the third quarter of 2020. The increase was driven by sales of the Genetron S5 instrument and 8-gene Lung Cancer Assay (Tissue).

Contracted in-hospital partners

(as of the end of the period indicated)

 

     3Q20      4Q20      1Q21      2Q21      3Q21  

IVD In-hospital partners

     20        22        23        28        29  
     3Q20      4Q20      1Q21      2Q21      3Q21  

Total in-hospital partners(1)

     38        40        42        50        54  

Note:

 

(1)

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

 

2


Revenue generated from development services decreased by 21.4% to RMB 8.2 million (US $1.3 million) in the third quarter of 2021, from RMB 10.4 million in the same period of 2020. The decrease was mainly due to the decline in sequencing services, as the Company continued to focus on higher margin biopharmaceutical services. Biopharmaceutical revenue continued to grow compared to the same period of 2020.

Gross profit increased by 51.1% to RMB105.2 million (US $16.3 million) in the third quarter 2021 from RMB 69.6 million in the same period of 2020. Gross margin improved to 69.0% for the third quarter of 2021, compared to 62.2% in the same period of 2020, primarily due to higher gross margins for both the LDT and IVD business lines.

Selling expenses increased by 56.3% to RMB 94.6 million (US $14.7 million) in the third quarter of 2021 from RMB 60.6 million in the same period of 2020. Selling expenses as a percentage of revenues was 62.0% in the third quarter of 2021, compared to 54.1% in the same period of 2020. The increase was primarily driven by increased headcount to expand Genetron’s core business as well as early screening sales teams.

Administrative expenses increased by 94.1% to RMB 63.0 million (US $9.8 million) in the third quarter of 2021 from RMB 32.4 million in the same period of 2020. Administrative expenses as a percentage of revenues increased to 41.3% in the third quarter of 2021 from 29.0% in the third quarter of 2020. The increase was mainly driven by higher headcount, professional fees, IT expenses, and share-based compensation.

Research and development expenses increased by 61.7% to RMB 62.4 million (US $9.7 million) in the third quarter of 2021 from RMB 38.6 million in the same period of 2020. Research and development expenses as a percentage of revenues increased to 40.9% in the third quarter of 2021 from 34.4% 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.

Loss for the period was RMB 130.1 million (US $20.2 million) for the three months ended September 30, 2021, compared to RMB 48.0 million for the three months ended September 30, 2020.

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 RMB109.9 million (US $17.1 million) for the three months ended September 30, 2021, compared to RMB 43.7 million for the three months ended September 30, 2020. Please refer to the section in this press release titled “Non-IFRS Financial Measures” for details.

Basic loss per share attributable to ordinary shareholders of the Company was RMB 0.28 (US $0.04) for the third quarter of 2021, compared with a basic loss per share attributable to ordinary shareholders of the Company of RMB 0.11 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 RMB 0.24 (US $0.04) for the third quarter of 2021, compared with non-IFRS basic loss per share attributable to ordinary shareholders of the Company of RMB 0.10 for the same period of 2020.

 

3


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 September 30, 2021, cash and cash equivalents, restricted cash and current financial assets at fair value through profit or loss were RMB 1,005.3 million (US $156.0 million).

2021 Financial Guidance

Based on the continued enforcement of the “zero COVID” strategy in China and the resulting sustained restrictions across Genetron’s major markets, the Company is revising its full year 2021 revenue guidance to be around RMB 530 million, representing approximately 24.9% growth over the Company’s full year 2020 revenue.

Conference Call

A conference call and webcast to discuss the results will be held at 8:30 a.m. U.S. Eastern Time on November 30, 2021 (or at 9:30 p.m. Beijing Time on November 30, 2021). Interested parties may listen to the conference call by dialing numbers below:

 

United States:    +1-332-208-9468
China Domestic:    400-820-5286
Hong Kong:    +852-3018-6771
International:    +65-6713-5590
Conference ID:    5848053

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 December 7, 2021 by dialing the following numbers:

 

United States:    +1-855-452-5696
International:    +61-2-8199-0299
Conference ID:    5848053

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$1.00=RMB 6.4434, representing the exchange rate as of September 30, 2021, set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate, or at any other rate, on September 30, 2021.

 

4


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.

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

Philip Trip Taylor

Vice President | 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 nine months ended  
     September 30,
2020
    September 30, 2021     September 30,
2020
    September 30, 2021  
     RMB’000     RMB’000     US$’000     RMB’000     RMB’000     US$’000  

Revenue

     111,963       152,541       23,674       290,541       385,087       59,765  

Cost of revenue

     (42,331     (47,306     (7,342     (114,448     (130,839     (20,306
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     69,632       105,235       16,332       176,093       254,248       39,459  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Selling expenses

     (60,558     (94,625     (14,686     (175,000     (242,812     (37,684

Administrative expenses

     (32,440     (62,981     (9,774     (81,969     (162,161     (25,167

Research and development expenses

     (38,556     (62,364     (9,679     (96,030     (168,500     (26,151

Net impairment losses on financial and contract assets

     (1,107     (10,437     (1,620     (2,097     (23,741     (3,684

Other income/(loss) - net

     3,819       334       52       (513     8,945       1,388  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating expenses

     (128,842     (230,073     (35,707     (355,609     (588,269     (91,298
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating loss

     (59,210     (124,838     (19,375     (179,516     (334,021     (51,839
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Finance income

     12,772       482       75       11,062       1,712       265  

Finance costs

     (1,560     (5,791     (898     (3,997     (5,022     (779
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Finance income/(costs) - net

     11,212       (5,309     (823     7,065       (3,310     (514
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fair value loss of financial instruments with preferred rights

     —         —         —         (2,823,370     —         —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income tax

     (47,998     (130,147     (20,198     (2,995,821     (337,331     (52,353

Income tax expense

     —         —         —         —         —         —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss for the period

     (47,998     (130,147     (20,198     (2,995,821     (337,331     (52,353
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss attributable to:

            

Owners of the Company

     (47,998     (128,974     (20,016     (2,995,821     (333,548     (51,766

Non-controlling interests

     —         (1,173     (182     —         (3,783     (587
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     (47,998     (130,147     (20,198     (2,995,821     (337,331     (52,353
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss per share attributable to ordinary shareholders of the Company

     RMB       RMB       USD       RMB       RMB       USD  

-Basic and diluted

     (0.11     (0.28     (0.04     (12.02     (0.73     (0.11
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss per ADS attributable to ordinary shareholders of the Company

            

-Basic and diluted

     (0.53     (1.40     (0.22     (60.10     (3.63     (0.56
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

            

-Basic and diluted

     454,231,486       461,356,043       461,356,043       249,230,922       459,793,465       459,793,465  

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

            

-Basic and diluted

     90,846,297       92,271,209       92,271,209       49,846,184       91,958,693       91,958,693  

 

7


GENETRON HOLDINGS LIMITED

UNAUDITED NON-IFRS FINANCIAL MEASURE

 

     For the three months ended     For the nine months ended  
     September 30,
2020
    September 30, 2021     September 30,
2020
    September 30, 2021  
     RMB’000     RMB’000     US$’000     RMB’000     RMB’000     US$’000  

Loss for the period

     (47,998     (130,147     (20,198     (2,995,821     (337,331     (52,353

Adjustments:

 

       

Share-based compensation

     4,268       20,246       3,141       19,222       42,000       6,518  

Fair value loss of financial instruments with preferred rights

     —         —         —         2,823,370       —         —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Non-IFRS Loss

     (43,730     (109,901     (17,057     (153,229     (295,331     (45,835
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Attributable to:

 

       

Owners of the Company

     (43,730     (108,728     (16,875     (153,229     (291,548     (45,248

Non-controlling interests

     —         (1,173     (182     —         (3,783     (587
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     (43,730     (109,901     (17,057     (153,229     (295,331     (45,835
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

     RMB       RMB       USD       RMB       RMB       USD  

-Basic and diluted

     (0.10     (0.24     (0.04     (0.61     (0.63     (0.10
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

            

-Basic and diluted

     (0.48     (1.18     (0.18     (3.07     (3.17     (0.49
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

            

-Basic and diluted

     454,231,486       461,356,043       461,356,043       249,230,922       459,793,465       459,793,465  

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

            

-Basic and diluted

     90,846,297       92,271,209       92,271,209       49,846,184       91,958,693       91,958,693  

 

8


GENETRON HOLDINGS LIMITED

UNAUDITED REVENUE AND SEGMENT INFORMATION

 

     Diagnosis and
monitoring
     Diagnosis and
monitoring
     Development
services
     Total  
  

- provision of

LDT services

     - sale of IVD
products
 
     RMB’000      RMB’000      RMB’000      RMB’000  

Three months ended September 30, 2020

 

        

Revenue

     71,406        30,110        10,447        111,963  

Segment profit

     49,212        18,439        1,981        69,632  

Three months ended September 30, 2021

 

        

Revenue

     92,993        51,338        8,210        152,541  

Segment profit

     65,022        39,159        1,054        105,235  

Nine months ended September 30, 2020

 

        

Revenue

     194,754        67,468        28,319        290,541  

Segment profit

     130,961        43,827        1,305        176,093  

Nine months ended September 30, 2021

 

        

Revenue

     251,959        110,431        22,697        385,087  

Segment profit

     175,723        75,693        2,832        254,248  

 

9


GENETRON HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 

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

ASSETS

        

Non-current assets

        

Property, plant and equipment

     76,891        85,441        13,260  

Right-of-use assets

     59,706        50,938        7,905  

Intangible assets

     12,265        15,104        2,344  

Financial assets at fair value through profit or loss

     19,609        37,005        5,743  

Prepayments

     15,362        23,765        3,688  
  

 

 

    

 

 

    

 

 

 

Total non-current assets

     183,833        212,253        32,940  
  

 

 

    

 

 

    

 

 

 

Current assets

        

Inventories

     24,971        41,657        6,465  

Contract assets

     1,112        2,217        344  

Other current assets

     36,500        26,513        4,115  

Trade receivables

     164,592        279,725        43,413  

Other receivables and prepayments

     42,420        83,188        12,911  

Amounts due from related parties

     214        453        70  

Financial assets at fair value through profit or loss

     140,294        187,398        29,084  

Derivative financial instruments

     196        673        104  

Restricted cash

     —          2,800        435  

Cash and cash equivalents

     1,375,766        815,142        126,508  
  

 

 

    

 

 

    

 

 

 

Total current assets

     1,786,065        1,439,766        223,449  
  

 

 

    

 

 

    

 

 

 

Total assets

     1,969,898        1,652,019        256,389  
  

 

 

    

 

 

    

 

 

 

 

10


GENETRON HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

 

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

LIABILITIES

      

Non-current liabilities

      

Borrowings

     5,493       —         —    

Lease liabilities

     43,016       32,694       5,074  

Other non-current liabilities

     —         8,354       1,297  
  

 

 

   

 

 

   

 

 

 

Total non-current liabilities

     48,509       41,048       6,371  
  

 

 

   

 

 

   

 

 

 

Current liabilities

      

Trade payables

     34,071       38,907       6,038  

Contract liabilities

     8,417       12,640       1,962  

Other payables and accruals

     111,164       119,399       18,530  

Amounts due to related parties

     24       350       54  

Borrowings

     58,583       27,595       4,283  

Lease liabilities

     16,585       19,640       3,048  

Derivative financial instruments

     —         1,702       264  
  

 

 

   

 

 

   

 

 

 

Total current liabilities

     228,844       220,233       34,179  
  

 

 

   

 

 

   

 

 

 

Total liabilities

     277,353       261,281       40,550  
  

 

 

   

 

 

   

 

 

 

Net assets

     1,692,545       1,390,738       215,839  
  

 

 

   

 

 

   

 

 

 

SHAREHOLDERS’ EQUITY

      

Equity attributable to owners of the Company

 

   

Share capital

     59       60       9  

Share premium

     6,657,562       6,702,347       1,040,188  

Other reserves

     (24,701     (44,784     (6,950

Accumulated losses

     (4,940,375     (5,273,923     (818,500
  

 

 

   

 

 

   

 

 

 
     1,692,545       1,383,700       214,747  
  

 

 

   

 

 

   

 

 

 

Non-controlling interests

     —         7,038       1,092  
  

 

 

   

 

 

   

 

 

 

Total shareholders’ equity

     1,692,545       1,390,738       215,839  
  

 

 

   

 

 

   

 

 

 

 

11