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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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3. Mindray Medical to Exhibit New Products at 65th China International Medical Equipment Fair
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5. Mindray Medical to Present at the 14th Annual Credit Suisse Asian Investment Conference on March 21-25
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