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Mindray Medical International Announces Full Year and Fourth Quarter 2007 Results
Date:3/5/2008

ina in the full year 2007 increased 41.5% to RMB1,102.9 million (US$151.2 million) from RMB779.4 million in 2006. Net revenues generated in China in the fourth quarter 2007 increased 45.4% to RMB328.3 million (US$45.0 million) from RMB225.8 million in the fourth quarter 2006.

Fourth Quarter Performance by Segment

Patient Monitoring & Life Support Products: Patient monitoring & life support products segment revenues increased 21.0% to RMB228.9 million (US$31.4 million) from RMB189.2 million in the fourth quarter 2006. The patient monitoring & life support products segment contributed 34.5% to total net segment revenues in the fourth quarter 2007.

The patient monitoring & life support products segment contributed 36.2% to full year 2007 total net segment revenues, compared to 40.1% in 2006.

In-Vitro Diagnostic Products: In-vitro diagnostic products segment revenues increased 49.1% to RMB200.2 million (US$27.4 million) from RMB134.3 million in the fourth quarter 2006. The in-vitro diagnostic products segment contributed 30.1% to total net segment revenues in the fourth quarter 2007.

The in-vitro diagnostic products segment contributed 31.2% to full year 2007 total net segment revenues, compared to 29.3% in 2006.

Medical Imaging Systems: Medical imaging systems segment revenues increased 60.0% to RMB224.4 million (US$30.8 million) from RMB140.2 million in the fourth quarter 2006. The medical imaging systems segment contributed 33.8% to total net segment revenues in the fourth quarter 2007.

The medical imaging systems segment contributed 31.1% to full year 2007 total net segment revenues, compared to 29.3% in 2006.

Gross Margins

Full year 2007 gross profit was RMB1,224.5 million (US$167.9 million), a 48.0% increase from RMB827.5 million in 2006. The consolidated gross margin for the full year 2007 was 54.9% compared to 54.6% in 2006. Non-GAAP gross margin, as defined below, was 55.8% in the full year 2007 com
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SOURCE Mindray Medical International Limited
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