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Mindray
Mindray (300760) investor relations material
Mindray Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary29 Apr, 2026
Executive summary
Revenue for Q1 2026 reached ¥8.35 billion, up 1.39% year-over-year; net profit attributable to shareholders was ¥2.33 billion, down 11.37% year-over-year.
International business grew strongly, with revenue up 15.7% (20% in USD terms), now accounting for 53% of total revenue; domestic business declined 11.13% amid industry headwinds.
New and emerging business lines grew 18.22% year-over-year, now 17% of total revenue; in vitro diagnostics revenue rose 4.96%, now 38% of total revenue.
R&D investment was ¥888.65 million, 10.64% of revenue, with continued product innovation and patent growth.
Financial highlights
Operating income: ¥8.35 billion, up 1.39% year-over-year.
Net profit attributable to shareholders: ¥2.33 billion, down 11.37% year-over-year.
Operating cash flow: ¥1.38 billion, down 7.59% year-over-year.
Basic and diluted EPS: ¥1.9225, down 11.40% year-over-year.
Total assets at quarter-end: ¥59.61 billion, up 0.59% from year-end 2025.
Outlook and guidance
International business expected to maintain rapid growth, led by developing countries and Europe.
Domestic business projected to return to positive growth in 2026, with high-quality, sustained growth from 2027 onward.
New and emerging businesses anticipated to be key long-term growth drivers.
Explain domestic revenue drag and recovery path
Identify specific drivers for emerging business
Assess IVD market share and global expansion
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Latest events from Mindray
- 2025 net profit fell 30.28% as revenue declined, but international business grew to 53% of total.300760
H2 202531 Mar 2026 - Q3 revenue rebounded with international growth, but YTD net profit declined sharply.300760Q3 202530 Oct 2025
- H1 2025 revenue and profit declined sharply, but international growth and digital transformation continue.300760H1 202528 Aug 2025
- Double-digit profit and revenue growth, strong IVD, cardiovascular entry, high dividend.300760H1 202423 Jul 2025
- Revenue and profit rose 8% year-over-year, led by strong international growth.300760Q3 202423 Jul 2025
- AI-powered, multi-disciplinary solutions drive efficiency and global expansion in healthcare.30076043rd Annual J.P. Morgan Healthcare Conference Presentation23 Jul 2025
- International growth and strong dividends offset domestic softness; recovery expected.300760Q1 202523 Jul 2025
- 2024FY saw modest growth and robust international expansion, with recovery expected in late 2025.300760H2 202423 Jul 2025
Next Mindray earnings date
Q2 202628 Aug, 2026
Mindray
Next Mindray earnings date
Q2 202628 Aug, 2026
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Eferix Drawings Google Play
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@ankurshah47_ x.com
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Amina0781App Store
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@theshortbearx.com
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