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Mindray Announces 2010 Fourth Quarter and Full Year Results

ion pump manufacturer in China.

"In spite of the continued uncertainties caused by the stagnant global economy and various proposals for healthcare reform in 2010, we maintained our focus and executed our strategy successfully, resulting in solid growth and margins for the year. We are very proud to have achieved such strong operational results while enhancing our competitive position," commented Xu Hang, Mindray's Chairman and Co-Chief Executive Officer. "As we closed the year, we continued to see robust sales growth in our key international markets and gradual improvement in our non-tender business in China, allowing us to deliver full year double digit top-line and earnings growth, as well as strong cash flow."

SUMMARY --FourthQuarter and Year Ended December 31, 2010(in $ millions, except per-share data)

Three Months Ended

Year EndedDecember 31

December 312010


% chg



% chgNet Revenues






11.1%Revenues generated outside China






20.3%Revenues generated in China



2.7 %



0.3%Gross Profit






13.3%Non-GAAP Gross Profit






12.7%Operating Income






10.6%Non-GAAP Operating Income












-1.0%Net Income






11.7%Non-GAAP Net Income






16.0%Diluted EPS




SOURCE Mindray Medical International Limited
Copyright©2010 PR Newswire.
All rights reserved

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