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Mindray Announces First Quarter 2009 Financial Results
Date:5/11/2009

nues generated outside China 71.8 44.6 60.8% Non-GAAP Gross Profit (1) 76.3 50.2 52.0% GAAP Gross Profit 74.7 49.4 51.2% Non-GAAP Operating Income (1) 34.7 30.8 12.6% GAAP Operating Income 29.4 27.9 5.4% Non-GAAP Net Income (1) 30.5 27.8 9.6% GAAP Net Income 25.3 25.1 1.2% Non-GAAP Diluted EPS (1) 0.27 0.25 10.5% GAAP Diluted EPS 0.23 0.22 1.9%

(1) Mindray provides gross margin, R&D expenses, selling expenses, general

        and administrative expenses, operating margin, net income and earnings
        per share on a non-GAAP basis that excludes non-cash, share-based
        compensation expense, acquired intangible assets amortization expense
        and termination payments to enable investors to better assess the
        company's operating performance. The non-GAAP measures are described
        below and reconciled to the corresponding GAAP measure in the section
        below titled "Use of Non-GAAP Financial Measures."

Revenues

Mindray reported net revenues of $134.2 million for the first quarter 2009, a 53.5% increase from $87.4 million for the first quarter 2008.

Net revenues generated in China in the first quarter 2009 increased 45.8% to $62.4 million from $42.8 million for the first quarter 2008, while net revenues generated in international markets in the first quarter 2009 increased 60.8% to $71.8 million from $44.6 million for the first quarter 2008.

Performance by Segment

Patient Monitoring & Life Support Products: Patient monitoring & life support products segment revenues increased 97
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SOURCE Mindray Medical International Limited
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3. Mindray Medical to Exhibit New Products at 61st China International Medical Equipment Fair
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