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Mindray Announces First Quarter 2013 Financial Results
Date:5/6/2013

hance efficiency. We are glad that Mindray successfully obtained the key software enterprise status again. All in all, management remains committed to meeting our goals for the remainder of the year." SUMMARY – First quarter 2013(in $ millions, except per-share data)

Three Months EndedMarch 312013

2012

% chgNet Revenues

242.1

219.0

10.5%Net revenues generated in China

111.3

91.8

21.2%Net revenues generated in international markets

130.8

127.2

2.8%Gross Profit

139.1

120.3

15.6%Non-GAAP Gross Profit

140.7

121.4

15.9%Operating Income

39.0

36.7

6.2%Non-GAAP Operating Income

46.3

40.5

14.3%EBITDA

49.8

46.7

6.8%Net Income

57.4

36.6

57.0%Non-GAAP Net Income

64.6

40.4

59.9%Non-GAAP Net Income (excluding tax benefits -Note)

45.2

40.4

11.9%Diluted EPS

0.48

0.31

54.8%Non-GAAP Diluted EPS

0.53

0.34

57.7%Note: The 2013 amount excludes $19.4 million tax benefits related to the key software enterprise status for the calendar year 2011 and 2012, which was recognized in the first quarter of 2013.

Net RevenuesMindray reported net revenues of $242.1 million for the first quarter of 2013, a 10.5% increase from $219.0 million in the first quarter of 2012.

  • Net revenues generated in China increased 21.2% to $111.3 million from $91.8 million in the first quarter of 2012.
  • Net revenues generated in the international markets increased 2.8% to $130.8 million from $127.2 million in the first quarter of 2012.
  • Performance by SegmentPatient Monitoring & Life Support Products: Net revenues in this segment increased 3.9% to $99.4 million from $95.7 million in the first
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    SOURCE Mindray Medical International Limited
    Copyright©2012 PR Newswire.
    All rights reserved

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