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Mindray Medical International Announces First Quarter 2008 Results
Date:5/7/2008

ngs per share. Each of the terms as used by the Company is defined as follows:
-- Non-GAAP gross profit represents gross profit reported in accordance

with GAAP, adjusted for the effects of share-based compensation, and

expense and/or amortization of acquired intangible assets.

-- Non-GAAP operating profit represents operating profit reported in

accordance with GAAP, adjusted for the effects of share-based

compensation, and expense and/or amortization of acquired intangible

assets including, but not limited to, in-progress research and

development (IPR&D).

-- Non-GAAP net income represents net income reported in accordance with

GAAP, adjusted for the effects of share-based compensation, and expense

and/or amortization of acquired intangible assets including, but not

limited to, IPR&D, all net of related tax impact.

-- Non-GAAP earnings per share represents non-GAAP net income divided by

the number of shares used in computing basic and diluted earnings per

share in accordance with GAAP, and excludes the impact of the deemed

dividends for the basic calculation.

In addition to Mindray's consolidated financial results under GAAP, the Company also provides non-GAAP financial measures, including non-GAAP gross margin, non-GAAP operating profit, non-GAAP net income and non-GAAP earnings per share on a basic and fully diluted basis. The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing Mindray's financial performance and liquidity and when planning and forecasting future periods. These non-GAAP operating measures are useful for understanding and assessing Mindray's underlying business performance and operating trends and the Company expects to report operating profit and net income on a non-GAAP basis using a consistent method on a quarterly basis going forwar
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SOURCE Mindray Medical International Limited
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