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Mindray Announces 2012 Fourth Quarter and Full Year Results
Date:2/25/2013

ved strong revenue and net income growth, beating our financial guidance," said Mr. Li Xiting, Mindray's President and Chief Executive Officer. "In addition, our continuous focus on strengthening operating efficiency resulted in significant improvement on our gross margin, working capital and operating cash flow. China and emerging markets were again the main propellers for our company's growth in 2012, reflecting the success of our strategy to strengthen sales, distribution and services in these markets over the last few years. For our in-vitro diagnostic segment, we have successfully ramped up sales in our higher-margin reagents and are optimistic about the future growth prospects of this business."

SUMMARY – Fourth Quarter and Year Ended December 31, 2012(in $ millions, except per-share data)Three Months EndedYear EndedDecember 31December 3120122011% chg20122011% chgNet Revenues

316.1

264.1

19.7%

1,060.1

880.7

20.4%Revenues generated in China

148.1

117.6

25.9%

473.0

374.3

26.4%Revenues generated outside China

168.0

146.5

14.7%

587.1

506.4

15.9%Gross Profit

182.8

143.1

27.7%

600.7

486.4

23.5%Non-GAAP Gross Profit

184.8

144.5

27.9%

606.2

491.9

23.2%Operating Income

59.7

47.9

24.6%

191.3

167.0

14.5%Non-GAAP Operating Income

65.8

53.0

24.2%

223.3

186.9

19.5%EBITDA

71.9

57.6

24.8%

233.3

203.7

14.5%Net Income

55.8

46.8

19.3%

180.2

166.6

8.1%Non-GAAP Net Income

61.7

51.8

19.0%

211.7

186.3

13.6%Non-GAAP Net Income[2] (ex
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SOURCE Mindray Medical International Limited
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