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Mindray Announces Second Quarter 2011 Financial Results
Date:8/8/2011

545119,653,716117,028,955118,275,625Non-GAAP operating income51,19352,50487,13690,082Non-GAAP operating margin28.6%24.2%26.8%22.6%Amortization of acquired intangible assets(1,868)(1,783)(4,000)(3,550)Share-based compensation(1,788)(3,282)(3,694)(6,061)GAAP operating income47,53747,43979,44280,471GAAP operating margin26.5%21.8%24.4%20.2%Non-GAAP gross profit105,772125,152189,631226,193Non-GAAP gross margin59.0%57.6%58.3%56.8%Amortization of acquired intangible assets (1,249)(1,153)(2,759)(2,297)Share-based compensation(86)(203)(185)(381)GAAP gross profit104,437123,796186,687223,515GAAP gross margin58.3%57.0%57.4%56.1%Non-GAAP selling expenses(25,943)(38,483)(48,320)(70,449)Non-GAAP as % of total revenues14.5%17.7%14.9%17.7%Amortization of acquired intangible assets (619)(630)(1,241)(1,253)Share-based compensation(625)(1,303)(1,290)(2,386)GAAP selling expenses(27,187)(40,416)(50,851)(74,088)GAAP as % of total revenues15.2%18.6%15.6%18.6%Non-GAAP general and administrative expenses(15,105)(16,742)(26,873)(30,670)Non-GAAP as % of total revenues8.4%7.7%8.3%7.7%Share-based compensation(292)(695)(770)(1,194)GAAP general and administrative expenses(15,397)(17,437)(27,643)(31,864)GAAP as % of total revenues8.6%8.0%8.5%8.0%Non-GAAP research and development expenses(13,531)(17,423)(27,302)(34,992)Non-GAAP as % of total revenues7.6%8.0%8.4%8.8%Share-based compensation(785)(1,081)(1,449)(2,100)GAAP research and development expenses(14,316)(18,50
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SOURCE Mindray Medical International Limited
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1. Mindray to Report Second Quarter 2011 Financial Results on August 8, 2011
2. Mindray Medical Provides Mid-Year Update on Product Development
3. Mindray Medical to Acquire a Controlling Stake in Suzhou Hyssen Electronics
4. Mindray Medical Receives the 2011 Medical Device Excellence Award for its V Series Patient Monitoring System
5. Mindray Appoints Ms. Fannie Lin Fan as General Counsel
6. Mindray Announces First Quarter 2011 Financial Results
7. Mindray Files Annual Report on Form 20-F with U.S. Securities and Exchange Commission
8. Mindray to Report First Quarter 2011 Financial Results on May 9, 2011
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10. Mindray Appoints Mr. Jie Liu as Chief Financial Officer
11. Mindray Medical to Present at the 14th Annual Credit Suisse Asian Investment Conference on March 21-25
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