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

P gross profit83,859101,041Non-GAAP gross margin

57.5%55.9%Amortization of acquired intangible assets

(1,510)(1,144)Share-based compensation

(99)(178)GAAP gross profit

82,25099,719GAAP gross margin

56.4%55.1%Non-GAAP selling expenses(22,377)(31,966)Non-GAAP as % of total revenues

15.3%17.7%Amortization of acquired intangible assets

(622)(623)Share-based compensation

(665)(1,083)GAAP selling expenses

(23,664)(33,672)GAAP as % of total revenues

16.2%18.6%Non-GAAP general and administrative expenses(11,768)(13,928)Non-GAAP as % of total revenues

8.1%7.7%Share-based compensation

(478)(499)GAAP general and administrative expenses

(12,246)(14,427)GAAP as % of total revenues

8.4%8.0%Non-GAAP research and development expenses(13,771)(17,569)Non-GAAP as % of total revenues

9.4%9.7%Share-based compensation

(664)(1,019)GAAP research and development expenses

(14,435)(18,588)GAAP as % of total revenues

9.9%10.3%Exhibit 5MINDRAY MEDICAL INTERNATIONAL LIMITEDRECONCILIATION OF GAAP NET INCOME TO EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION(Dollars in thousands)Three months ended March 31, 2010 2011 US$US$(unaudited)(unaudited)GAAP net income

36,19737,710Interest income

(2,134)(3,509)Interest expense

1,406220Income tax benefits

(3,447)(963)Earnings before interest and taxes ("EBIT")

32,02233,458Depreciation

4,5335,048Amortization

2,2502,323Earnings before interest, taxes, depreciation, and amortization ("EBITDA")

38,80540,829
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SOURCE Mindray Medical International Limited
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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
4. Mindray Appoints Mr. Jie Liu as Chief Financial Officer
5. Mindray Medical to Present at the 14th Annual Credit Suisse Asian Investment Conference on March 21-25
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