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Mindray Announces 2010 Fourth Quarter and Full Year Results
Date:2/28/2011

s related to the key software enterprise status ($8.6 million recognized in the first quarter of 2010 and approximately $7.8 million to be recorded in the first quarter of 2011) and assumes a corporate income tax rate of 15% applicable to the Shenzhen subsidiary.

The company expects its capital expenditure for 2011 to be in the range of $70 million to $80 million.

The company's practice is to provide guidance on a full year basis only. This forecast reflects Mindray's current and preliminary views, which are subject to change.

"Looking ahead to 2011, the overall market environment continues to improve," commented Li Xiting, Mindray's President and Co-Chief Executive Officer. "There are still lingering uncertainties in some markets, such as the political instability in the Middle East and Africa.  Nonetheless, we are optimistic about the growth prospects of our key international territories, particularly in emerging markets, as well as the recovery of the US business and the continued robust investment and spending in the Chinese healthcare sector. We will strive to achieve another year of operational excellence through continually investing in our international sales and marketing infrastructure, both in key emerging markets and developed markets. In China, although tender business will continue to be unpredictable, we are encouraged about our non-tender sales based on the government's renewed focus on county level hospitals as well as the progress of our strategic initiatives.  Last but not least, R&D investment remains Mindray's top priority."

Conference Call InformationMindray's management will hold an earnings conference call at 8:00 AM on March 1, 2011 U.S. Eastern Time (9:00 PM on March 1, 2011 Beijing/Hong Kong Time).

Dial-in details for the earnings conference call are as follows:Hong Kong:

+852-3002-1672U.S. Toll Free:

+1-866-788-0538International:

+1-857-350-1676Passcod
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SOURCE Mindray Medical International Limited
Copyright©2010 PR Newswire.
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