EMPEROR WATCH&J 00887·

Gross margin ------------------------------------------------------------31.31%--31.95%0.64%30.07%1.89%28.31%1.75%30.87%2.55% Net margin ------------------------------------------------------------5.21%--6.03%0.82%6.20%0.17%4.91%1.30%7.48%2.57% ROE ------------------------------------------------------------4.34%--4.58%0.25%5.93%1.34%4.92%1.01%8.16%3.24% ROA ------------------------------------------------------------3.83%--4.13%0.30%5.24%1.11%4.32%0.92%6.23%1.91% Revenue growth ----------------------------------------------------------------2.51%--32.81%30.30%10.81%22.00%7.51%3.30% Attributable profit growth ----------------------------------------------------------------18.56%--36.66%18.10%-12.32%48.98%74.16%86.48% Debt-to-assets ------------------------------------------------------------11.77%--9.97%1.79%11.59%1.62%12.26%0.66%14.93%2.68% Current ratio ------------------------------------------------------------6.42--8.091.677.270.827.670.405.971.69 Operating cash flow / net profit ------------------------------------------------------------4.76--2.732.031.351.383.011.662.540.47 Operating cash flow / revenue ------------------------------------------------------------24.79%--16.44%8.36%8.37%8.07%14.77%6.40%19.02%4.25%

Gross margin 30.08%--33.02%2.94% Net margin 6.96%--10.83%3.87% Revenue growth ----5.03%-- Attributable profit growth ----58.00%-- Debt-to-assets ----14.22%-- Current ratio ----6.29--

Revenue ------------------------------------------------------------3.21B--3.29B2.51%4.37B32.81%4.84B10.81%5.21B7.51% Other income and gains ------------------------------------------------------------7.23M--8.78M21.36%13.41M52.79%23.76M77.13%25.82M8.68% Gross profit ------------------------------------------------------------1.01B--1.05B4.61%1.31B24.98%1.37B4.35%1.61B17.20% Selling and distribution expenses ------------------------------------------------------------687.23M--683.53M0.54%845.47M23.69%918.75M8.67%895.43M2.54% Administrative expenses ------------------------------------------------------------92.85M--104.05M12.06%124.88M20.02%137.20M9.87%162.16M18.19% Net finance costs ------------------------------------------------------------13.39M--6.16M54.00%9.27M50.47%22.34M140.97%18.70M16.29% Income tax ------------------------------------------------------------42.17M--49.24M16.76%62.09M26.10%55.84M10.06%90.42M61.93% Operating profit ------------------------------------------------------------222.92M--253.81M13.86%342.51M34.95%315.93M7.76%498.67M57.84% Profit before tax ------------------------------------------------------------209.53M--247.65M18.20%333.25M34.56%293.59M11.90%479.97M63.48% Net profit ------------------------------------------------------------167.36M--198.42M18.56%271.16M36.66%237.75M12.32%389.55M63.85% Net profit attributable to owners ------------------------------------------------------------167.36M--198.42M18.56%271.16M36.66%237.75M12.32%414.07M74.16%

Revenue 2.79B--2.93B5.03% Other income and gains 14.79M--16.20M9.48% Cost of sales 1.95B--1.97B0.61% Gross profit 840.35M--968.83M15.29% Selling and distribution expenses 502.86M--514.81M2.38% Administrative expenses 86.64M--95.81M10.59% Net finance costs 10.47M--9.10M13.05% Income tax 46.47M--72.08M55.11% Profit before tax 240.79M--389.81M61.89% Net profit 194.32M--317.73M63.51% Net profit attributable to owners 196.47M--310.43M58.00%

Cash and cash equivalents ------------------------------------------------------------454.87M--416.44M8.45%415.73M0.17%848.59M104.12%1.17B37.53% Trade and bills receivables ----------------------------------------------------------------121.51M--160.71M32.26%108.07M32.75%99.74M7.71% Inventories ------------------------------------------------------------2.22B--2.41B8.96%2.77B14.84%2.78B0.29%2.78B0.04% Total current assets ------------------------------------------------------------2.81B--3.13B11.49%3.50B11.67%3.77B7.82%4.52B19.81% Total assets ------------------------------------------------------------4.37B--4.81B9.90%5.17B7.61%5.50B6.38%6.25B13.57% Total current liabilities ------------------------------------------------------------437.72M--387.21M11.54%481.29M24.30%491.90M2.21%756.37M53.76% Total liabilities ------------------------------------------------------------514.65M--479.48M6.83%599.62M25.06%674.40M12.47%933.23M38.38% Equity attributable to owners ------------------------------------------------------------3.86B--4.33B12.13%4.57B5.67%4.83B5.58%5.07B5.08% Total equity ------------------------------------------------------------3.86B--4.33B12.13%4.57B5.67%4.83B5.58%5.32B10.10%

Cash and cash equivalents ----1.50B-- Trade and bills receivables ----108.84M-- Inventories ----3.49B-- Total current assets ----5.31B-- Total assets ----7.19B-- Total current liabilities ----844.33M-- Total liabilities ----1.02B-- Equity attributable to owners ----5.88B-- Total equity ----6.17B--

Net cash from operating activities ------------------------------------------------------------795.98M--540.94M32.04%365.74M32.39%715.31M95.58%990.57M38.48% Net cash from investing activities -------------------------------------------------------------14.26M---196.91M1281.04%-60.25M69.40%57.42M195.31%-599.84M1144.59% Net cash from financing activities -------------------------------------------------------------661.11M---416.50M37.00%-312.09M25.07%-347.32M11.29%-62.43M82.02% Net change in cash ------------------------------------------------------------120.61M---72.47M160.08%-6.59M90.91%425.42M6555.44%328.29M22.83%