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

et revenues generated in international markets in the fourth quarter 2008 increased 103.9% to $95.2 million from $46.7 million for the fourth quarter 2007, while net revenues generated in China in the fourth quarter 2008 increased 63.6% to $72.7 million from $44.4 million for the fourth quarter 2007.

Performance by Segment

Patient Monitoring & Life Support Products: Patient monitoring & life support products segment revenues increased 151.1% to $77.9 million from $31.0 million for the fourth quarter 2007. The patient monitoring & life support products segment contributed 46.8% to the total net segment revenues in the fourth quarter 2008.

In-Vitro Diagnostic Products: In-vitro diagnostic products segment revenues increased 34.3% to $36.4 million from $27.1 million in the fourth quarter 2007. The in-vitro diagnostic products segment contributed 21.9% to the total net segment revenues in the fourth quarter 2008.

Medical Imaging Systems: Medical imaging systems segment revenues increased 40.8% to $42.6 million from $30.3 million in the fourth quarter 2007. The medical imaging systems segment contributed 25.6% to the total net segment revenues in the fourth quarter 2008.

Others: The other revenues which are primarily comprised of extended warranty services revenues and revenues derived from the third party R&D projects increased 564.9% to $9.4 million from $1.4 million in the fourth quarter 2007. The other revenues contributed 5.7% to the total net segment revenues in the fourth quarter 2008.

The segment revenue amounts discussed above exclude the shipping and handling fees charged to customers.

Gross Margins

Fourth quarter 2008 gross profit was $91.1 million, an 88.6% increase from $48.3 million in the fourth quarter 2007. The consolidated gross margin for the fourth quarter 2008 was 54.3% compared to 53.0% in the fourt
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SOURCE Mindray Medical International Limited
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