SHUANGHUA H 01241·

Gross margin 25.30%--28.86%3.56%23.12%5.74%----------------------------------------15.19%--15.84%0.65%14.36%1.48%2.79%11.57%-1.33%4.12% Net margin 11.21%--20.66%9.45%13.66%7.00%-----------------------------------------55.64%---97.76%42.12%-12.02%85.74%-20.41%8.39%-41.38%20.97% ROE 19.54%--25.89%6.35%21.41%4.48%-----------------------------------------6.00%---6.89%0.89%-4.36%2.52%-6.48%2.12%-7.78%1.30% ROA 7.87%--12.57%4.70%11.22%1.35%-----------------------------------------5.61%---6.57%0.96%-3.81%2.77%-6.07%2.26%-6.80%0.73% Revenue growth -----2.97%--59.24%62.21%---------------------------------------------37.58%--393.41%430.99%-17.79%411.19%-45.08%27.30% Attributable profit growth ----78.77%--5.17%73.61%---------------------------------------------7.36%--39.31%46.67%-39.56%78.87%-11.33%28.23% Debt-to-assets 57.31%--49.28%8.03%47.10%2.19%----------------------------------------4.49%--4.56%0.07%12.73%8.17%6.33%6.40%12.53%6.20% Current ratio 0.81--0.930.121.250.32----------------------------------------8.63--8.630.003.375.266.583.213.622.96 Operating cash flow / net profit 0.99--0.710.280.590.11-----------------------------------------0.12--0.250.371.771.51-0.902.670.030.93 Operating cash flow / revenue 11.08%--14.59%3.51%8.12%6.47%----------------------------------------6.72%---24.78%31.50%-21.26%3.52%18.39%39.66%-1.32%19.72%

Gross margin 8.75%--5.01%3.74% Net margin -16.54%---48.74%32.20% Revenue growth ----143.90%-- Attributable profit growth -----618.82%-- Debt-to-assets ----0.43%-- Current ratio ----6.56--

Revenue 382.85M--371.46M2.97%591.50M59.24%----------------------------------------32.69M--20.41M37.58%100.69M393.41%82.78M17.79%45.46M45.08% Other income and gains 3.94M--5.81M47.62%2.07M64.43%----------------------------------------4.48M--3.37M24.82%4.73M40.49%6.65M40.71%-3.68M155.34% Cost of sales 285.98M--264.25M7.60%454.75M72.09%------------------------------------------------------------ Gross profit 96.86M--107.21M10.68%136.75M27.55%----------------------------------------4.97M--3.23M34.92%14.46M347.28%2.31M84.03%-605.00K126.20% Selling and distribution expenses 20.99M--13.59M35.26%21.07M55.03%----------------------------------------1.43M--1.06M25.67%1.88M76.89%1.89M1.01%1.40M25.92% Administrative expenses 25.40M--26.66M4.97%47.35M77.59%----------------------------------------20.59M--19.66M4.52%17.55M10.74%18.04M2.79%17.24M4.44% Net finance costs 10.18M--6.17M39.32%6.12M0.97%----------------------------------------63.00K--22.00K65.08%50.00K127.27%16.00K68.00%16.00K0.00% Income tax 8.35M--11.38M36.30%8.76M23.10%----------------------------------------192.00K--1.37M614.58%1.47M7.07%560.00K61.88%521.00K6.96% Operating profit -----------------------------------------------------18.32M---21.30M16.27%-10.59M50.29%-10.97M3.58%-22.93M109.05% Share of associates and JVs 9.19M--22.16M141.21%27.09M22.27%------------------------------------------------------------ Profit before tax 51.28M--88.13M71.84%89.53M1.60%-----------------------------------------18.38M---21.32M15.99%-10.64M50.11%-16.34M53.56%-19.33M18.33% Net profit 42.93M--76.74M78.76%80.78M5.26%-----------------------------------------18.19M---19.95M9.68%-12.11M39.31%-16.90M39.56%-18.81M11.33% Net profit attributable to owners 43.37M--77.53M78.77%81.54M5.17%-----------------------------------------18.58M---19.95M7.36%-12.11M39.31%-16.90M39.56%-18.81M11.33%

Revenue 12.79M--31.19M143.90% Other income and gains 3.00M---8.86M394.71% Cost of sales 11.67M--29.63M153.88% Gross profit 1.12M--1.56M39.77% Selling and distribution expenses 938.00K--408.00K56.50% Administrative expenses 8.26M--7.50M9.11% Net finance costs 3.00K--10.00K233.33% Income tax 283.00K--12.00K95.76% Profit before tax -2.40M---15.19M533.49% Net profit -2.12M---15.20M618.82% Net profit attributable to owners -2.12M---15.20M618.82%

Cash and cash equivalents 53.40M--30.46M42.96%69.60M128.48%----------------------------------------97.73M--89.28M8.65%65.35M26.80%79.93M22.32%78.13M2.25% Trade and bills receivables 87.92M--95.59M8.72%107.74M12.72%----------------------------------------5.61M--4.28M23.72%46.46M985.54%11.95M74.27%28.24M136.21% Inventories 63.06M--60.15M4.62%83.84M39.39%----------------------------------------2.15M--10.00K99.53%2.15M21380.00%----325.00K-- Total current assets 249.23M--266.53M6.94%376.35M41.20%----------------------------------------115.72M--112.43M2.84%133.04M18.33%105.75M20.51%121.62M15.00% Total assets 545.70M--610.65M11.90%719.95M17.90%----------------------------------------324.19M--303.53M6.37%318.08M4.79%278.32M12.50%276.55M0.64% Total current liabilities 307.97M--285.65M7.25%300.55M5.22%----------------------------------------13.41M--13.03M2.86%39.47M203.03%16.07M59.29%33.63M109.28% Total liabilities 312.75M--300.96M3.77%339.08M12.67%----------------------------------------14.54M--13.83M4.91%40.48M192.69%17.62M56.47%34.66M96.70% Equity attributable to owners 221.90M--299.43M34.94%380.87M27.20%----------------------------------------309.65M--289.70M6.44%277.59M4.18%260.69M6.09%241.88M7.22% Total equity 232.95M--309.69M32.94%380.87M22.98%----------------------------------------309.65M--289.70M6.44%277.59M4.18%260.70M6.09%241.89M7.22%

Cash and cash equivalents ----73.99M-- Trade and bills receivables ----14.73M-- Inventories ----516.00K-- Total current assets ----104.47M-- Total assets ----243.66M-- Total current liabilities ----15.94M-- Total liabilities ----1.04M-- Equity attributable to owners ----226.68M-- Total equity ----226.69M--

Net cash from operating activities 42.42M--54.18M27.72%48.02M11.37%----------------------------------------2.20M---5.06M330.18%-21.41M323.31%15.23M171.13%-601.00K103.95% Net cash from investing activities -150.37M---22.11M85.30%-12.29M44.42%----------------------------------------81.64M---2.48M103.04%-1.32M46.96%-68.93M5130.12%2.59M103.75% Net cash from financing activities 29.51M---54.93M286.15%3.73M106.79%-----------------------------------------5.50M---900.00K83.64%-766.00K14.89%-767.00K0.13%-297.00K61.28% Net change in cash -78.45M---22.85M70.87%39.46M272.67%----------------------------------------78.34M---8.44M110.78%-23.49M178.26%-54.47M131.89%1.69M103.10%