SINO HOTELS 01221·

Gross margin --------------------------------------------------------50.36%--56.33%5.97%55.83%0.51%59.13%3.30%58.85%0.28%58.92%0.07% Net margin ---------------------------------------------------------84.84%---71.75%13.10%-14.29%57.46%48.10%62.39%83.94%35.84%76.50%7.44% ROE ---------------------------------------------------------2.18%---2.20%0.03%-0.47%1.73%1.56%2.03%2.47%0.90%2.29%0.18% ROA ---------------------------------------------------------2.17%---2.20%0.02%-0.47%1.73%1.55%2.02%2.44%0.88%2.24%0.19% Revenue growth ------------------------------------------------------------17.82%--14.13%3.69%-2.94%17.07%-7.98%5.03%13.53%21.51% Attributable profit growth ------------------------------------------------------------0.37%--77.27%76.90%426.66%349.39%60.59%366.07%3.47%57.12% Debt-to-assets --------------------------------------------------------0.25%--0.35%0.10%0.54%0.19%0.52%0.02%1.17%0.65%1.89%0.72% Current ratio --------------------------------------------------------88.89--58.1230.7841.8816.2463.8421.9630.3833.4620.3710.01 Operating cash flow / net profit ---------------------------------------------------------0.15---0.290.14-1.901.610.392.280.290.10---- Operating cash flow / revenue --------------------------------------------------------12.86%--20.73%7.87%27.10%6.37%18.56%8.53%24.18%5.61%----

Revenue --------------------------------------------------------93.50M--110.16M17.82%125.72M14.13%122.02M2.94%112.29M7.98%127.48M13.53% Other income and gains ------------------------------------------------------------------------12.30M---7.80M163.44% Cost of sales ------------------------------------------------------------------------50.67M--52.37M3.36% Gross profit --------------------------------------------------------47.09M--62.05M31.79%70.18M13.10%72.15M2.80%66.08M8.40%75.11M13.66% Selling and distribution expenses --------------------------------------------------------2.01M--103.30K94.86%227.73K120.46%9.13K95.99%7.30K20.06%2.00K72.59% Administrative expenses --------------------------------------------------------19.18M--17.47M8.93%20.18M15.51%19.07M5.47%19.84M4.01%22.10M11.40% Net finance costs --------------------------------------------------------21.47K------70.07K--64.80K7.52%38.30K40.89%58.67M153080.39% Income tax --------------------------------------------------------2.77M--237.33K91.42%264.61K11.50%271.07K2.44%651.13K140.21%1.01M54.81% Operating profit ---------------------------------------------------------19.17M---26.91M40.39%-53.12M97.40%-45.30M14.72%929.28K102.05%-62.29M6803.17% Share of associates and JVs ---------------------------------------------------------70.10M---55.42M20.95%7.75M113.99%53.18M585.93%36.61M31.16%56.94M55.55% Profit before tax ---------------------------------------------------------82.09M---78.80M4.01%-17.70M77.53%58.96M433.07%94.90M60.96%98.53M3.82% Net profit ---------------------------------------------------------79.33M---79.03M0.37%-17.97M77.27%58.69M426.66%94.25M60.59%97.52M3.47% Net profit attributable to owners ---------------------------------------------------------79.33M---79.03M0.37%-17.97M77.27%58.69M426.66%94.25M60.59%97.52M3.47%

Cash and cash equivalents ------------------------------------------------------------------------1.48B--1.66B11.89% Trade and bills receivables --------------------------------------------------------8.24M--12.97M57.28%23.66M82.45%30.05M27.05%20.52M31.71%14.60M28.86% Inventories --------------------------------------------------------208.10K--151.51K27.19%83.90K44.62%47.46K43.43%41.95K11.61%45.00K7.27% Total current assets --------------------------------------------------------806.08M--731.52M9.25%865.17M18.27%1.24B43.46%1.37B10.57%1.67B21.84% Total assets --------------------------------------------------------3.65B--3.60B1.46%3.84B6.76%3.77B1.72%3.87B2.44%4.35B12.39% Total current liabilities --------------------------------------------------------9.07M--12.59M38.81%20.66M64.13%19.44M5.89%45.18M132.36%82.10M81.72% Total liabilities --------------------------------------------------------9.07M--12.59M38.81%20.66M64.13%19.44M5.89%45.18M132.36%82.10M81.72% Equity attributable to owners --------------------------------------------------------3.64B--3.58B1.56%3.82B6.56%3.75B1.70%3.82B1.76%4.26B11.57% Total equity --------------------------------------------------------3.64B--3.58B1.56%3.82B6.56%3.75B1.70%3.82B1.76%4.26B11.57%

Net cash from operating activities --------------------------------------------------------12.03M--22.83M89.87%34.06M49.19%22.65M33.51%27.15M19.85%---- Net cash from investing activities --------------------------------------------------------174.93M---214.58M222.66%-30.61M85.74%-16.59M45.80%206.82M1346.85%---- Net cash from financing activities ---------------------------------------------------------3.36M--447.63K113.31%-185.32K141.40%-2.42M1205.11%24.74M1123.07%---- Net change in cash --------------------------------------------------------183.60M---191.30M204.20%3.27M101.71%3.65M11.34%258.71M6997.12%----