CHINA EDU GROUP 00839·

Gross margin ------------------------59.07%--57.91%1.17%56.34%1.57%55.39%0.95%53.32%2.07% Net margin ------------------------39.98%--40.71%0.73%27.44%13.27%7.63%19.81%6.87%0.76% ROE ------------------------13.22%--13.17%0.05%8.86%4.31%2.64%6.22%5.83%3.20% ROA ------------------------5.50%--5.77%0.26%4.31%1.46%1.29%3.02%1.29%0.01% Revenue growth ----------------------------29.17%--18.08%11.09%17.15%0.93%11.92%5.23% Attributable profit growth ----------------------------27.77%---25.20%52.97%-69.71%44.51%133.73%203.44% Debt-to-assets ------------------------56.04%--50.63%5.41%48.81%1.82%52.26%3.46%51.84%0.43% Current ratio ------------------------0.69--0.810.120.850.040.750.100.770.02 Operating cash flow / net profit ------------------------1.72--1.420.302.501.078.996.507.681.32 Operating cash flow / revenue ------------------------68.71%--57.88%10.83%68.48%10.60%68.63%0.14%52.76%15.86%

Revenue ------------------------3.68B--4.76B29.17%5.62B18.08%6.58B17.15%7.36B11.92% Other income and gains ------------------------236.00M--315.00M33.47%363.00M15.24%458.00M26.17%599.00M30.79% Gross profit ------------------------2.17B--2.75B26.62%3.16B14.89%3.64B15.17%3.93B7.74% Selling and distribution expenses ------------------------168.00M--170.00M1.19%182.00M7.06%190.00M4.40%203.00M6.84% Administrative expenses ------------------------475.00M--724.00M52.42%775.00M7.04%965.00M24.52%1.16B20.10% Net finance costs ------------------------162.00M--308.00M90.12%469.00M52.27%472.00M0.64%487.00M3.18% Income tax ------------------------39.00M--33.00M15.38%20.00M39.39%2.00M90.00%320.00M15900.00% Operating profit ------------------------1.67B--2.28B36.10%2.03B10.85%972.00M52.12%1.31B35.08% Profit before tax ------------------------1.51B--1.97B30.31%1.56B20.72%500.00M67.97%826.00M65.20% Net profit ------------------------1.47B--1.94B31.52%1.54B20.40%502.00M67.42%506.00M0.80% Net profit attributable to owners ------------------------1.44B--1.84B27.77%1.38B25.20%418.00M69.71%977.00M133.73%

Cash and cash equivalents ----------------------------4.79B--5.18B8.01%6.24B20.49%5.80B7.07% Trade and bills receivables --------------------------------1.12B--1.09B2.76%1.15B4.95% Total current assets ------------------------5.88B--6.17B5.09%6.97B12.92%7.76B11.34%7.90B1.78% Total assets ------------------------26.75B--33.58B25.54%35.75B6.49%38.82B8.58%39.36B1.39% Total current liabilities ------------------------8.49B--7.61B10.35%8.23B8.13%10.39B26.19%10.32B0.62% Total liabilities ------------------------14.99B--17.00B13.41%17.45B2.65%20.29B16.28%20.40B0.56% Equity attributable to owners ------------------------10.92B--14.01B28.28%15.57B11.18%15.85B1.76%16.74B5.65% Total equity ------------------------11.76B--16.58B41.00%18.30B10.42%18.53B1.25%18.96B2.29%

Net cash from operating activities ------------------------2.53B--2.75B8.81%3.85B39.70%4.51B17.39%3.88B13.95% Net cash from investing activities -------------------------4.95B---1.74B64.75%-2.70B54.99%-4.18B54.61%-3.58B14.36% Net cash from financing activities ------------------------2.36B--459.00M80.55%-764.00M266.45%729.00M195.42%-743.00M201.92% Net change in cash -------------------------57.00M--1.47B2675.44%379.00M74.18%1.06B181.00%-437.00M141.03%