GUANGDONG INV 00270·

Gross margin ------------------------------------------------------------39.16%--42.35%3.18%47.51%5.16%53.08%5.57%53.30%0.22% Net margin ------------------------------------------------------------18.47%--23.82%5.35%13.85%9.97%17.01%3.16%27.86%10.85% ROE ------------------------------------------------------------10.16%--10.99%0.83%7.47%3.53%7.54%0.07%10.85%3.30% ROA ------------------------------------------------------------4.22%--4.14%0.08%2.01%2.13%2.32%0.31%5.16%2.83% Revenue growth -----------------------------------------------------------------14.71%---11.12%3.60%-6.95%4.17%-0.78%6.17% Attributable profit growth ----------------------------------------------------------------10.80%---33.51%44.31%2.84%36.35%44.54%41.69% Debt-to-assets ------------------------------------------------------------52.39%--56.18%3.79%58.54%2.36%58.20%0.34%42.86%15.35% Current ratio ------------------------------------------------------------1.37--1.460.091.210.251.090.121.150.06 Operating cash flow / net profit -------------------------------------------------------------0.90---0.250.653.814.063.520.281.681.84 Operating cash flow / revenue -------------------------------------------------------------16.62%---6.03%10.59%52.70%58.73%59.91%7.20%46.78%13.13%

Gross margin 55.65%--55.08%0.56% Net margin 31.52%--32.33%0.81% Revenue growth ----8.37%-- Attributable profit growth ----9.46%-- Debt-to-assets -----42.68%-- Current ratio -----1.30-- Operating cash flow / net profit 1.12--1.040.09 Operating cash flow / revenue 35.41%--33.57%1.84%

Revenue ------------------------------------------------------------24.30B--20.72B14.71%18.42B11.12%17.14B6.95%17.00B0.78% Other income and gains ------------------------------------------------------------419.47M--363.25M13.40%405.29M11.57%417.71M3.06%481.23M15.21% Gross profit ------------------------------------------------------------9.52B--8.77B7.78%8.75B0.29%9.10B3.96%9.06B0.36% Selling and distribution expenses ------------------------------------------------------------832.77M--660.36M20.70%506.03M23.37%485.92M3.97%473.31M2.60% Administrative expenses ------------------------------------------------------------2.16B--2.52B16.38%2.27B10.01%2.30B1.24%2.00B13.07% Net finance costs ------------------------------------------------------------444.54M--768.62M72.90%913.81M18.89%851.58M6.81%576.33M32.32% Income tax ------------------------------------------------------------2.43B--1.54B36.74%1.50B2.15%1.72B14.17%1.78B3.97% Operating profit ------------------------------------------------------------7.39B--7.20B2.60%6.56B8.86%6.71B2.20%7.02B4.63% Share of associates and JVs -------------------------------------------------------------32.30M--39.76M223.10%175.27M340.78%159.30M9.11%100.49M36.92% Profit before tax ------------------------------------------------------------6.91B--6.47B6.42%5.82B10.00%6.01B3.27%6.54B8.76% Net profit ------------------------------------------------------------4.49B--4.93B9.98%2.55B48.32%2.91B14.31%4.74B62.53% Net profit attributable to owners ------------------------------------------------------------3.84B--4.26B10.80%2.83B33.51%2.91B2.84%4.21B44.54%

Revenue 9.43B--10.22B8.37% Other income and gains 262.42M--411.26M56.72% Cost of sales 4.18B--4.59B9.74% Gross profit 5.25B--5.63B7.27% Selling and distribution expenses 246.62M--298.91M21.20% Administrative expenses 887.54M--984.91M10.97% Net finance costs 341.46M--301.60M11.67% Income tax 1.11B--1.21B8.65% Share of associates and JVs 60.57M---1.46M102.40% Profit before tax 4.11B--4.51B9.89% Net profit 2.97B--3.30B11.14% Net profit attributable to owners 2.68B--2.94B9.46%

Cash and cash equivalents ------------------------------------------------------------7.84B--7.98B1.77%11.41B42.94%11.26B1.38%13.35B18.64% Trade and bills receivables ----------------------------------------------------------------4.81B--6.27B30.32%5.50B12.27%6.47B17.61% Inventories ------------------------------------------------------------252.81M--269.82M6.73%322.45M19.50%286.48M11.16%480.38M67.68% Total current assets ------------------------------------------------------------41.83B--46.65B11.51%50.09B7.39%56.26B12.30%21.92B61.04% Total assets ------------------------------------------------------------106.31B--119.26B12.18%126.84B6.35%125.57B1.00%91.89B26.82% Total current liabilities ------------------------------------------------------------30.45B--31.86B4.63%41.38B29.89%51.62B24.72%19.03B63.13% Total liabilities ------------------------------------------------------------55.70B--67.00B20.29%74.25B10.82%73.08B1.57%39.38B46.11% Equity attributable to owners ------------------------------------------------------------37.78B--38.70B2.44%37.88B2.12%38.58B1.83%38.77B0.50% Total equity ------------------------------------------------------------50.61B--52.26B3.26%52.59B0.62%52.48B0.20%52.51B0.05%

Cash and cash equivalents ----14.89B-- Trade and bills receivables ----5.91B-- Inventories ----907.66M-- Total current assets ----28.63B-- Total assets ----108.61B-- Total current liabilities -----22.08B-- Total liabilities -----46.35B-- Equity attributable to owners ----46.25B-- Total equity ----62.25B--

Net cash from operating activities -------------------------------------------------------------4.04B---1.25B69.06%9.71B876.77%10.27B5.77%7.95B22.53% Net cash from investing activities -------------------------------------------------------------4.78B---5.18B8.23%-2.27B56.17%-3.86B70.30%-643.50M83.34% Net cash from financing activities ------------------------------------------------------------8.34B--7.12B14.66%-4.80B167.44%-4.33B9.84%-6.97B60.95% Net change in cash -------------------------------------------------------------476.89M--694.96M245.73%2.64B279.21%2.07B21.35%341.51M83.52%

Net cash from operating activities 3.34B--3.43B2.73%