IPE GROUP 00929·

Gross margin ------------------------------------------------------------25.88%--28.49%2.60%24.79%3.69%28.29%3.49%28.88%0.59% Net margin ------------------------------------------------------------8.80%--2.88%5.92%1.74%1.14%2.98%1.24%3.13%0.14% ROE ------------------------------------------------------------4.06%--0.47%3.59%0.31%0.16%0.59%0.28%0.60%0.01% ROA ------------------------------------------------------------3.69%--1.19%2.51%0.61%0.57%1.22%0.60%1.31%0.09% Revenue growth ----------------------------------------------------------------2.02%---5.28%7.30%14.84%20.12%4.97%9.86% Attributable profit growth -----------------------------------------------------------------88.34%---33.86%54.47%91.08%124.95%4.82%86.27% Debt-to-assets ------------------------------------------------------------16.08%--18.16%2.08%22.88%4.71%21.15%1.73%19.89%1.26% Current ratio ------------------------------------------------------------4.21--5.871.663.432.442.800.633.891.09 Operating cash flow / net profit ------------------------------------------------------------0.91--0.160.759.439.272.327.112.960.64 Operating cash flow / revenue ------------------------------------------------------------8.00%--0.46%7.54%16.41%15.95%6.92%9.49%9.24%2.32%

Gross margin 28.12%--28.48%0.36% Net margin 2.50%--2.52%0.03% Revenue growth ----28.63%-- Attributable profit growth ----10.43%-- Debt-to-assets ----18.46%-- Current ratio ----4.24-- Operating cash flow / net profit 5.79--2.892.90 Operating cash flow / revenue 14.47%--7.30%7.17%

Revenue ------------------------------------------------------------842.79M--859.83M2.02%814.45M5.28%935.31M14.84%981.83M4.97% Other income and gains ------------------------------------------------------------51.75M--40.74M21.27%56.20M37.95%37.64M33.03%27.29M27.49% Gross profit ------------------------------------------------------------218.15M--244.92M12.27%201.93M17.55%264.57M31.02%283.55M7.17% Selling and distribution expenses ------------------------------------------------------------20.95M--23.38M11.64%26.23M12.18%34.76M32.51%29.63M14.77% Administrative expenses ------------------------------------------------------------120.17M--164.25M36.69%134.31M18.23%159.43M18.70%169.60M6.38% Net finance costs ------------------------------------------------------------3.82M--6.10M59.60%10.19M66.89%14.42M41.58%7.72M46.44% Income tax ------------------------------------------------------------21.94M--8.59M60.85%12.44M44.82%7.74M37.80%5.55M28.27% Operating profit ------------------------------------------------------------100.63M--40.21M60.04%37.85M5.86%50.63M33.75%44.01M13.07% Share of associates and JVs -------------------------------------------------------------666.34K---734.27K10.19%-1.05M42.92%-584.33K44.32%-52.39K91.03% Profit before tax ------------------------------------------------------------96.14M--33.37M65.29%26.62M20.23%35.62M33.82%36.24M1.72% Net profit ------------------------------------------------------------74.19M--24.78M66.60%14.18M42.79%27.88M96.67%30.69M10.05% Net profit attributable to owners ------------------------------------------------------------66.58M--7.77M88.34%5.14M33.86%9.81M91.08%10.29M4.82%

Revenue 487.74M--627.38M28.63% Other income and gains 19.10M--17.29M9.45% Cost of sales 350.60M--448.72M27.99% Gross profit 137.14M--178.66M30.28% Selling and distribution expenses 17.42M--21.54M23.61% Administrative expenses 91.25M--104.15M14.13% Net finance costs 5.36M--2.80M47.69% Income tax 2.83M--6.02M112.43% Operating profit 21.02M--24.77M17.82% Share of associates and JVs -648.00K---121.00K81.33% Profit before tax 15.02M--21.84M45.48% Net profit 12.18M--15.83M29.92% Net profit attributable to owners 2.21M--2.44M10.43%

Cash and cash equivalents ------------------------------------------------------------687.10M--651.25M5.22%611.15M6.16%477.06M21.94%392.72M17.68% Trade and bills receivables ------------------------------------------------------------291.73M--328.33M12.55%381.04M16.05%422.20M10.80%394.88M6.47% Inventories ------------------------------------------------------------258.36M--290.83M12.56%299.51M2.99%295.33M1.39%334.50M13.26% Total current assets ------------------------------------------------------------1.25B--1.31B4.68%1.33B1.62%1.26B5.41%1.30B3.47% Total assets ------------------------------------------------------------2.01B--2.09B3.92%2.31B10.58%2.29B0.88%2.34B2.22% Total current liabilities ------------------------------------------------------------296.39M--222.50M24.93%387.28M74.06%448.25M15.74%333.89M25.51% Total liabilities ------------------------------------------------------------323.00M--379.10M17.37%528.00M39.28%483.76M8.38%465.13M3.85% Equity attributable to owners ------------------------------------------------------------1.64B--1.64B0.22%1.66B1.04%1.66B0.03%1.71B3.10% Total equity ------------------------------------------------------------1.69B--1.71B1.35%1.78B4.21%1.80B1.34%1.87B3.85%

Cash and cash equivalents ----376.79M-- Trade and bills receivables ----474.89M-- Inventories ----394.11M-- Total current assets ----1.42B-- Total assets ----2.61B-- Total current liabilities ----333.57M-- Total liabilities ----482.41M-- Equity attributable to owners ----1.94B-- Total equity ----2.13B--

Net cash from operating activities ------------------------------------------------------------67.40M--3.94M94.16%133.68M3293.39%64.74M51.57%90.76M40.19% Net cash from investing activities -------------------------------------------------------------129.29M---77.72M39.89%-122.32M57.39%-292.15M138.84%-66.96M77.08% Net cash from financing activities -------------------------------------------------------------13.22M--38.04M387.68%-46.20M221.44%94.04M303.56%-107.65M214.47% Net change in cash -------------------------------------------------------------75.11M---35.73M52.43%-34.85M2.49%-133.36M282.74%-83.85M37.13%

Net cash from operating activities 70.58M--45.82M35.09% Net cash from investing activities -52.33M---28.68M45.19% Net cash from financing activities -97.64M---59.40M39.16% Net change in cash -79.39M---42.27M46.76%