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Mindray Announces Second Quarter 2013 Financial Results
Date:8/5/2013

cy with better management of our cash conversion cycle. We are also very excited about our recent acquisition of ZONARE, which greatly strengthened our ultrasound R&D capabilities and expanded our high-end product portfolio."SUMMARY – Second quarter 2013(in $ millions, except per-share data)

Three Months EndedJune 302013

2012

% chgNet Revenues

307.2

267.8

14.7%Net Revenues Generated in China

147.4

115.3

27.9%Net Revenues Generated in International Markets

159.7

152.5

4.7%Gross Profit

176.5

153.6

14.9%Non-GAAP Gross Profit

178.7

154.8

15.4%Operating Income

66.7

55.9

19.4%Non-GAAP Operating Income

73.1

63.5

15.2%EBITDA

78.9

66.4

18.8%Net Income

62.1

52.0

19.3%Non-GAAP Net Income

68.2

59.5

14.7%Diluted EPS

0.51

0.44

17.9%Non-GAAP Diluted EPS

0.56

0.50

13.4%Net RevenuesMindray reported net revenues of $307.2 million for the second quarter of 2013, a 14.7% increase from $267.8 million in the second quarter of 2012.

  • Net revenues generated in China increased 27.9% to $147.4 million from $115.3 million in the second quarter of 2012.
  • Net revenues generated in the international markets increased 4.7% to $159.7 million from $152.5 million in the second quarter of 2012.
  • Performance by SegmentPatient Monitoring & Life Support Products: Net revenues in this segment increased 2.3% to $117.2 million from $114.6 million in the second quarter of 2012, contributing 38.2% to total net revenues in the second quarter of 2013.

    In-Vitro Diagnostic Products: Net revenues in this segment increased 19.5% to $88.3 million from $73.9 million in th
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    SOURCE Mindray Medical International Limited
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    All rights reserved

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