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Mindray Medical International Announces Third Quarter 2007 Results
Date:11/1/2007

Company Achieves Record Revenue Growth of 58.9% Year-over-Year

SHENZHEN, China, Nov. 1 /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 third quarter ended September 30, 2007.

Highlights for Third Quarter 2007

-- Third quarter 2007 net revenues were RMB573.2 million (US$76.5 million),

a 58.9% increase over the third quarter 2006.

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

2007 increased by 52.0% to RMB286.1 million (US$38.2 million) from

RMB188.2 million in the third quarter 2006.

-- Net revenues generated in China in the third quarter of 2007

increased by 66.3% to RMB287.1 million (US$38.3 million) from

RMB172.7 million in the third quarter 2006.

-- Third quarter 2007 non-GAAP net income, as defined below, increased

71.5% year-over-year to RMB172.1 million (US$23.0 million) from

RMB100.4 million in the third quarter 2006. Third quarter 2007 GAAP

net income was RMB154.8 million (US$20.7 million) compared to RMB91.0

million in the third quarter 2006, representing an increase of 70.0%

year-over-year.

-- Third quarter 2007 non-GAAP diluted earnings per share, as defined

below, was RMB1.52 (US$0.20). Third quarter 2007 GAAP diluted earnings

per share was RMB1.37 (US$0.18).

"We are pleased to report another quarter of record growth and solid execution," said Mr. Xu Hang, Mindray's chairman and co-chief
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SOURCE Mindray Medical International Limited
Copyright©2007 PR Newswire.
All rights reserved

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