XINYI SOLAR 00968·

Gross margin 43.84%--29.98%13.86%26.76%3.22%17.64%9.12%21.38%3.75% Net margin 34.74%--21.15%13.59%17.83%3.33%6.43%11.40%3.16%3.27% ROE 16.25%--12.84%3.40%13.19%0.35%3.47%9.72%2.83%0.64% ROA 11.37%--8.59%2.78%7.82%0.77%2.47%5.35%1.16%1.32% Revenue growth ----39.72%--31.67%8.05%-9.28%40.95%-4.84%4.44% Attributable profit growth -----15.24%--12.61%27.85%-73.76%86.37%-16.24%57.53% Debt-to-assets 26.84%--30.34%3.49%37.36%7.03%39.56%2.20%38.62%0.95% Current ratio 2.70--1.800.901.150.651.140.011.530.38 Operating cash flow / net profit 0.65--1.360.711.230.120.880.358.587.70 Operating cash flow / revenue 22.59%--28.68%6.09%21.95%6.73%5.63%16.32%27.11%21.48%

Gross margin 18.28%--10.92%7.36% Net margin 9.18%--2.71%6.47% Revenue growth -----22.88%-- Attributable profit growth -----94.77%-- Debt-to-assets ----38.57%-- Current ratio ----1.66-- Operating cash flow / net profit 1.56--5.393.83 Operating cash flow / revenue 14.34%--14.61%0.27%

Revenue 13.13B--18.35B39.72%24.16B31.67%21.92B9.28%20.86B4.84% Other income and gains 227.02M--214.42M5.55%336.41M56.89%273.88M18.59%314.29M14.76% Gross profit 5.76B--5.50B4.46%6.47B17.54%3.87B40.21%4.46B15.39% Selling and distribution expenses 17.59M--81.57M363.73%96.87M18.76%126.96M31.07%111.68M12.04% Administrative expenses 581.07M--874.67M50.53%1.09B24.79%1.02B6.61%998.98M2.00% Net finance costs 115.09M--177.22M53.98%348.70M96.76%432.11M23.92%339.70M21.38% Income tax 807.14M--746.07M7.57%797.17M6.85%526.23M33.99%492.26M6.45% Operating profit 5.33B--4.75B10.82%5.40B13.62%2.33B56.89%1.46B37.30% Profit before tax 5.37B--4.63B13.82%5.10B10.30%1.94B62.09%1.15B40.48% Net profit 4.56B--3.88B14.93%4.31B10.97%1.41B67.29%659.57M53.19% Net profit attributable to owners 4.03B--3.41B15.24%3.84B12.61%1.01B73.76%844.52M16.24%

Revenue 10.93B--8.43B22.88% Other income and gains 200.28M--96.49M51.82% Cost of sales 8.93B--7.51B15.93% Gross profit 2.00B--920.32M53.95% Selling and distribution expenses 71.53M--35.35M50.58% Administrative expenses 444.82M--465.42M4.63% Net finance costs 173.06M--158.01M8.70% Income tax 139.79M--83.77M40.07% Operating profit 1.30B--428.34M66.94% Share of associates and JVs 14.43M--33.04M129.05% Profit before tax 1.14B--312.22M72.68% Net profit 1.00B--228.44M77.23% Net profit attributable to owners 745.75M--39.02M94.77%

Cash and cash equivalents 6.10B--4.76B21.98%2.57B45.93%821.61M68.06%4.99B506.89% Trade and bills receivables 5.78B--6.54B13.06%7.37B12.73%8.60B16.78%7.86B8.63% Inventories 1.67B--1.81B8.40%1.91B5.48%2.86B49.37%1.74B39.25% Total current assets 17.03B--17.07B0.25%18.07B5.85%17.56B2.79%20.23B15.21% Total assets 40.12B--45.18B12.61%55.07B21.90%56.93B3.38%56.92B0.03% Total current liabilities 6.31B--9.48B50.24%15.70B65.63%15.34B2.26%13.25B13.63% Total liabilities 10.77B--13.71B27.26%20.58B50.13%22.52B9.47%21.98B2.42% Equity attributable to owners 24.78B--26.57B7.22%29.14B9.65%29.05B0.30%29.83B2.69% Total equity 29.35B--31.47B7.23%34.50B9.61%34.41B0.25%34.94B1.54%

Cash and cash equivalents ----5.90B-- Trade and bills receivables ----8.68B-- Inventories ----1.73B-- Total current assets ----20.78B-- Total assets ----56.48B-- Total current liabilities ----12.48B-- Total liabilities ----21.78B-- Equity attributable to owners ----29.54B-- Total equity ----34.69B--

Net cash from operating activities 2.97B--5.26B77.40%5.30B0.79%1.24B76.72%5.66B357.95% Net cash from investing activities -3.89B---5.77B48.21%-9.42B63.36%-3.77B59.98%-1.75B53.59% Net cash from financing activities -658.84M---960.13M45.73%1.97B305.60%772.96M60.84%260.79M66.26% Net change in cash -1.58B---1.46B7.55%-2.14B46.32%-1.76B17.70%4.17B336.65%

Net cash from operating activities 1.57B--1.23B21.43% Net cash from investing activities -1.05B---512.22M51.43% Net cash from financing activities 1.53B--216.26M85.90% Net change in cash 2.05B--935.64M54.29%