ZHEJIANGEXPRESS 00576·

Gross margin ------------------------------------------------------------41.45%--38.92%2.53%42.44%3.52%40.15%2.29%34.30%5.85% Net margin ------------------------------------------------------------38.68%--41.11%2.43%39.04%2.08%39.62%0.58%39.80%0.19% ROE ------------------------------------------------------------17.54%--17.26%0.28%13.13%4.13%11.95%1.18%10.57%1.38% ROA ------------------------------------------------------------3.57%--3.30%0.27%3.19%0.11%3.30%0.11%2.68%0.62% Revenue growth -----------------------------------------------------------------5.72%--10.65%16.38%6.48%4.17%9.36%2.88% Attributable profit growth ----------------------------------------------------------------8.74%--0.87%7.87%5.32%4.45%-3.21%8.53% Debt-to-assets ------------------------------------------------------------74.80%--74.17%0.63%70.92%3.25%66.07%4.86%68.29%2.22% Current ratio ------------------------------------------------------------1.34--1.440.101.480.041.350.131.320.03 Operating cash flow / net profit ------------------------------------------------------------0.45--1.240.791.480.241.270.210.530.73 Operating cash flow / revenue ------------------------------------------------------------17.36%--50.95%33.59%57.85%6.90%50.27%7.58%21.28%29.00%

Gross margin 39.62%--33.23%6.39% Net margin 45.19%--41.35%3.83% Revenue growth ----20.99%-- Attributable profit growth -----3.24%-- Debt-to-assets ----72.25%-- Current ratio ----1.31-- Operating cash flow / net profit -----1.39-- Operating cash flow / revenue -----57.61%--

Revenue ------------------------------------------------------------16.26B--15.33B5.72%16.97B10.65%18.06B6.48%19.76B9.36% Gross profit ------------------------------------------------------------6.74B--5.97B11.49%7.20B20.66%7.25B0.74%6.78B6.58% Administrative expenses ------------------------------------------------------------173.45M--177.41M2.28%183.98M3.71%160.89M12.55%146.93M8.68% Net finance costs ------------------------------------------------------------1.94B--1.89B2.48%2.10B11.07%1.74B17.23%1.55B11.18% Income tax ------------------------------------------------------------1.87B--1.04B44.55%1.23B18.30%1.70B38.39%1.93B13.22% Operating profit ------------------------------------------------------------9.08B--8.43B7.15%8.79B4.24%9.53B8.38%10.01B5.07% Share of associates and JVs ------------------------------------------------------------1.02B--801.86M21.57%1.16B45.07%1.07B8.01%1.32B23.72% Profit before tax ------------------------------------------------------------8.16B--7.34B10.07%7.85B6.94%8.86B12.81%9.79B10.52% Net profit ------------------------------------------------------------6.29B--6.30B0.20%6.62B5.07%7.16B8.07%7.86B9.88% Net profit attributable to owners ------------------------------------------------------------4.76B--5.18B8.74%5.22B0.87%5.50B5.32%5.32B3.21%

Revenue 8.69B--10.51B20.99% Other income and gains 231.31M--614.60M165.70% Cost of sales 5.24B--7.02B33.80% Gross profit 3.44B--3.49B1.46% Administrative expenses 49.73M--66.44M33.60% Net finance costs 749.53M--877.73M17.10% Income tax 939.60M--1.03B9.99% Share of associates and JVs 93.53M--98.95M5.80% Profit before tax 4.86B--5.38B10.58% Net profit 3.92B--4.35B10.72% Net profit attributable to owners 2.79B--2.70B3.24%

Cash and cash equivalents ------------------------------------------------------------17.15B--23.99B39.85%23.83B0.67%20.93B12.16%23.57B12.58% Trade and bills receivables ------------------------------------------------------------467.89M--562.88M20.30%831.48M47.72%1.05B26.34%1.38B31.10% Inventories ------------------------------------------------------------371.71M--606.28M63.11%1.31B115.47%1.24B5.45%1.79B44.58% Total current assets ------------------------------------------------------------130.84B--146.21B11.75%152.86B4.55%145.92B4.54%214.49B46.99% Total assets ------------------------------------------------------------176.30B--190.86B8.26%207.73B8.84%217.18B4.55%293.41B35.10% Total current liabilities ------------------------------------------------------------97.70B--101.56B3.95%103.31B1.72%108.27B4.80%163.02B50.57% Total liabilities ------------------------------------------------------------131.87B--141.56B7.35%147.33B4.07%143.48B2.61%200.36B39.64% Equity attributable to owners ------------------------------------------------------------27.15B--30.01B10.53%39.79B32.60%46.04B15.70%50.38B9.42% Total equity ------------------------------------------------------------44.42B--49.30B10.98%60.41B22.53%73.70B22.01%93.05B26.26%

Cash and cash equivalents ----24.35B-- Trade and bills receivables ----1.68B-- Inventories ----1.74B-- Total current assets ----257.46B-- Total assets ----341.87B-- Total current liabilities ----196.50B-- Total liabilities ----247.00B-- Equity attributable to owners ----51.43B-- Total equity ----94.87B--

Net cash from operating activities ------------------------------------------------------------2.82B--7.81B176.70%9.81B25.65%9.08B7.46%4.20B53.72% Net cash from investing activities -------------------------------------------------------------596.44M--2.92B588.99%-16.62B669.72%-15.33B7.74%-16.25B6.01% Net cash from financing activities ------------------------------------------------------------6.29B---3.97B163.20%6.64B267.07%3.34B49.62%14.70B339.64% Net change in cash ------------------------------------------------------------8.51B--6.75B20.67%-163.63M102.42%-2.90B1674.95%2.65B191.34%

Net cash from operating activities -----6.05B--