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Mindray Announces 2010 Fourth Quarter and Full Year Results

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For investor and media inquiries please contact:In the U.S:Hoki LukWestern Bridge, LLCTel:   +1-646-808-9150Email: hoki.luk@westernbridgegroup.comIn China: May LiMindray Medical International LimitedTel: + 86 755 2658 2518Email: 1MINDRAY MEDICAL INTERNATIONAL LIMITEDCONDENSED CONSOLIDATED BALANCE SHEETS(Dollars in thousands)As of December 31, 2009 As of December 31, 2010 US$ US$ (Note 2) (unaudited) ASSETSCurrent assets:Cash and cash equivalents

204,228137,502Restricted cash and restricted investments (Note 1)

102,257-Short-term investments

-296,003Accounts receivable, net


64,51879,185Value added tax receivables

8,51918,562Other receivables

8,9999,953Prepayments and deposits

7,4667,596Deferred tax assets

2,3382,481Total current assets

511,665694,600Restricted investment (Note 1)

66,000-Other assets

1,5854,552Advances for purchase of plant and equipment

28,39515,775Property, plant and equipment, net

153,726207,636Land use rights, net

25,77646,079Intangible assets, net


115,053115,672Total assets

966,2651,150,561LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilities:Short-term bank loans (Note 1)

103,128-Notes payable

5,6475,773Accounts payable

35,75244,322Advances from customers

10,08111,050Salaries payables

19,87726,770Other payables

56,59268,774Income taxes payable

16,19913,582Deferred tax liabilities

1,499-Other taxes payable

5,8634,286Total current liabilities

254,638174,557Bank loans- long term (Note 1)

66,000-Other long-term payables

1,3421,133Deferred tax liabilities, net

SOURCE Mindray Medical International Limited
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