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Mindray Announces First Quarter 2011 Financial Results
Date:5/9/2011

le5,7735,632Accounts payable44,32248,441Advances from customers13,20913,918Salaries payables26,77017,596Other payables66,61587,872Income taxes payable13,58211,866Other taxes payable4,2863,646Total current liabilities174,557188,971Other long-term payables1,1331,518Deferred tax liabilities, net8,2688,8249,40110,342Shareholders' equity:Ordinary shares1515Additional paid-in capital466,613470,627Retained earnings434,143437,171Accumulated other comprehensive income65,83070,604Total shareholders' equity966,601978,417Non-controlling interest22Total equity966,603978,419Total liabilities and shareholders' equity1,150,5611,177,732(1) Financial information is extracted from the audited financial statements included in the Company's fiscal 2010 Form 20F.Exhibit 2MINDRAY MEDICAL INTERNATIONAL LIMITEDCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Dollars in thousands, except for share and per share data)   Three months ended March 31, 2010 2011 US$ US$ (unaudited) (unaudited) Net revenues- International

83,691108,451-PRC

62,15472,453Net revenues

145,845180,904Cost of revenues

(63,595)(81,185)Gross profit

82,25099,719Selling expenses

(23,664)(33,672)General and administrative expenses

(12,246)(14,427)Research and development expenses

(14,435)(18,588)Operating income

31,90533,032Other income, net

117426Interest income

2,1343,509Interest expense

(1,406)(220)Income before income taxes and non-controlling interests

32,75036,747Income tax benefits

3,447963Net income

36,19737,710Less: Net income attributable to non-controlling interests

--Net income attributable to the Company

36,197

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

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1. Mindray Files Annual Report on Form 20-F with U.S. Securities and Exchange Commission
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3. Mindray Medical to Exhibit New Products at 65th China International Medical Equipment Fair
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