Mindray Medical International Announces First Quarter 20...( SHENZHEN China May 7 /Xinhua-- Mi...)

SHENZHEN, China, May 7 /Xinhua-PRNewswire-FirstCall/ -- Mindray Medical International Limited (NYSE: MR), a leading developer, manufacturer and marketer of medical devices in China with a rapidly growing international presence, today announced its selected unaudited financial results for the first quarter ended March 31, 2008.

Highlights for First Quarter 2008

-- First quarter 2008 net revenues were RMB626.0 million (US$89.3 million),

an increase of 48.2% over from RMB422.4 million (US$54.7 million) in

the first quarter 2007.

-- Net revenues generated in international markets in the first quarter

2008 were RMB319.6 million (US$45.6 million), an increase of 49.4% from

RMB213.9 million (US$27.7 million) in the first quarter 2007.

-- Net revenues generated in China in the first quarter 2008 were

RMB306.4 million (US$43.7 million), an increase of 46.9% from RMB208.5

million (US$27.0 million) in the first quarter 2007.

-- Non-GAAP operating profit, as defined below, in the first quarter 2008

was RMB220.5 million (US$31.4 million), a 54.6% increase from RMB142.6

million (US$18.5 million) in the first quarter 2007. First quarter 2008

GAAP operating profit was RMB199.8 million (US$28.5 million).

-- First quarter 2008 non-GAAP net income, as defined below, was RMB199.2

million (US$28.4 million), an increase of 42.7% from RMB139.6 million

(US$18.1 million) in the first quarter 2007. First quarter 2008 GAAP net

income was RMB179.4 million (US$25.6 million).

-- First quarter 2008 non-GAAP diluted earnings per share, as defined

below, was RMB1.76 (US$0.25) compared to RMB1.25 (US$0.16) in t
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