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Mindray Announces 2008 Fourth Quarter and Full Year Results
Date:3/4/2009

ired for the bank loans as of December 31, 2008. Use of such funds are permitted provided that the proportionate amount of debt must be retired concurrently. As of December 31, 2008, the short-term bank loans can be fully repaid from such short-term restricted cash and short-term investments. MINDRAY MEDICAL INTERNATIONAL LIMITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three months ended December 31, Year ended December 31, 2007 2008 2007 2008 US$ US$ US$ US$ (unaudited) (unaudited) (unaudited) (unaudited) (In thousands, except (In thousands, except share and per share data) share and per share data) Net revenues -PRC 44,427 72,691 145,493 234,454 - International 46,706 95,212 148,802 313,073 Net revenues 91,133 167,903 294,295 547,527 Cost of revenues (note 4) (42,810) (76,754) (132,768) (250,573) Gross profit 48,323 91,149 161,527 296,954 Selling expenses (note 4) (13,367) (26,976) (41,083) (80,088) General and administrative expenses (note 4) (note 5) (3,512) (15,921) (12,018) (40,767) Research and development expenses (note 4) (9,182) (16,585) (28,389) (51,945) Expense of in-progress research & development -- -- -- (6,600) Other general expenses 2 (14)
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