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Mindray Announces Preliminary 2008 Operating Results
Date:1/12/2009

growth across all product lines and geographies throughout the fourth quarter. Additionally, we continued to improve operating performance, driving very strong earnings growth in 2008 and our vertically integrated model and sensible expense controls have allowed us to focus on generating cash flow and improving our operating margins."

"We are well positioned as we head into 2009 and look to grow market share in the coming year," added Mr. Li Xiting, Mindray's president and co-chief executive officer. "Despite broader economic uncertainties, we are confident about achieving overall revenue growth of at least 20 percent based on the current foreign exchange rates. We strive to hold steady gross margins with targeted improvements in operating margins. We expect our growth to primarily be driven by the continued expansion and improvement in our product mix and strengthened distribution worldwide. Additionally, we look forward to the release of seven to nine new products this year, including the launch of our first jointly developed products with DPM. Overall, we believe that our ability to be nimble and closely manage costs allows us to pass savings to our customers. We look forward to continuing to provide high-quality and affordable medical devices to doctors and hospitals around the world in 2009."

Mindray's preliminary 2008 results are unaudited and remain subject to the finalization of the company's year-end closing, reporting and audit processes.

The company noted that 2009 full-year guidance will be provided in the fourth quarter and 2008 year-end earnings announcement.

About Mindray

Mindray is a leading developer, manufacturer and marketer of medical devices worldwide. Established in 1991, Mindray offers a broad range of products across three primary business segments: patient monitoring & life support products, in-vitro diagnostic products and medical imagin
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SOURCE Mindray Medical International Limited
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