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

contributing 34% to total sales. Specifically, Eastern Europe and the CIS region delivered more than 40% year-over-year growth, while Asia Pacific grew over 30% during the period. In developed markets, we again delivered double digit growth. On the M&A front, we are celebrating the third year of successful integration of our Mahwah operations in the U.S., while rolling out the integration of our two newly acquired businesses in China. We continue to actively seek opportunities that could bring complementary technologies and/or products to our company and help us further increase our market penetration worldwide."SUMMARY –Second Quarter2011 (in $ millions, except per-share data)

Three Months EndedJune 302011

2010

% chgNet Revenues

217.3

179.2

21.2%Revenues generated in China

90.7

72.4

25.3%Revenues generated outside China

126.6

106.8

18.5%Gross Profit

123.8

104.4

18.5%Non-GAAP Gross Profit

125.2

105.8

18.3%Operating Income

47.4

47.5

-0.2%Non-GAAP Operating Income

52.5

51.2

2.6%EBITDA

56.9

54.2

5.0%Net Income

44.8

42.3

6.0%Non-GAAP Net Income

49.8

45.9

8.6%Diluted EPS

0.37

0.36

4.6%Non-GAAP Diluted EPS

0.42

0.39

7.2%RevenuesMindray reported net revenues of $217.3 million for the second quarter of 2011, a 21.2% increase from $179.2 million in the second quarter of 2010. Net revenues generated in China in the second quarter of 2011 increased 25.3% to $90.7 million from $72.4 million in the second quarter of 2010, while net revenues generated in international markets in the second quarter of 2011 increased 18.5% to $126.6 million from $106.8 million in the second quarter of 2010.

Performance by SegmentPatient Monitoring & Life Support Products: Patient monitoring &a
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SOURCE Mindray Medical International Limited
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