HUA HONG GRACE 01347·

Gross margin 24.71%--20.63%4.07%21.45%0.82%----------------------------27.69%--34.08%6.39%21.31%12.77%10.24%11.07%11.78%1.54% Net margin 15.68%--10.44%5.24%10.58%0.13%----------------------------14.16%--16.42%2.26%5.53%10.89%-7.01%12.54%-4.61%2.39% ROE 9.30%--6.19%3.10%5.86%0.34%----------------------------9.11%--14.85%5.74%4.44%10.40%0.93%3.51%0.83%0.10% ROA 5.72%--3.71%2.01%3.75%0.04%----------------------------3.72%--5.76%2.04%1.16%4.61%-1.13%2.29%-0.77%0.36% Revenue growth -----6.29%--2.32%8.61%--------------------------------65.82%---6.08%71.91%-11.03%4.95%17.20%28.24% Attributable profit growth -----28.85%--3.64%32.49%--------------------------------87.96%---36.70%124.66%-78.94%42.24%-7.65%71.29% Debt-to-assets 46.04%--40.06%5.98%35.89%4.17%----------------------------40.59%--41.39%0.79%26.76%14.62%28.26%1.50%36.60%8.34% Current ratio 1.57--1.680.111.860.19----------------------------2.21--2.220.016.764.533.733.023.560.17 Operating cash flow / net profit 2.43--2.830.402.980.15----------------------------2.24--1.850.405.083.23-3.278.35-5.872.59 Operating cash flow / revenue 38.10%--29.56%8.54%31.51%1.95%----------------------------31.79%--30.33%1.46%28.07%2.26%22.93%5.14%27.06%4.13%

Gross margin 10.88%--17.05%--13.02%--19.95%9.06%24.58%7.53% Net margin -5.79%--3.52%---2.61%--5.62%11.41%12.16%8.64% Revenue growth ------------58.72%--19.93%-- Attributable profit growth ------------773.74%--147.12%-- Debt-to-assets 45.56%--31.19%--43.52%--37.84%7.72%36.14%4.95% Current ratio 3.01--3.70--1.72--1.901.102.241.46 Operating cash flow / net profit -10.10--9.62---22.33--8.3218.413.146.48 Operating cash flow / revenue 58.50%--33.90%--58.35%--46.73%11.77%38.22%4.32%

Revenue 609.84M--571.48M6.29%584.72M2.32%----------------------------10.40B--17.24B65.82%16.19B6.08%14.41B11.03%16.88B17.20% Other income and gains 51.00M--26.49M48.05%30.61M15.53%----------------------------387.37M--494.39M27.63%1.02B106.83%1.07B4.80%895.53M16.43% Cost of sales 459.17M--453.56M1.22%459.27M1.26%------------------------------------------------ Gross profit 150.67M--117.92M21.74%125.45M6.38%----------------------------2.88B--5.88B104.07%3.45B41.28%1.47B57.26%1.99B34.86% Selling and distribution expenses 10.29M--8.83M14.18%8.05M8.82%----------------------------68.05M--86.81M27.57%72.17M16.87%69.21M4.10%77.08M11.38% Administrative expenses 61.33M--55.10M10.16%69.04M25.31%----------------------------1.27B--1.86B46.44%2.29B23.13%2.53B10.42%2.91B15.42% Net finance costs 19.17M--16.93M11.69%16.48M2.65%----------------------------84.33M--280.89M233.10%711.79M153.41%698.09M1.93%479.46M31.32% Income tax 10.97M--7.99M27.11%8.96M12.15%----------------------------416.65M--623.32M49.61%333.98M46.42%47.39M85.81%156.63M230.49% Operating profit 125.76M--80.98M35.61%80.86M0.16%----------------------------1.93B--3.65B89.13%1.88B48.62%-288.53M115.38%-173.34M39.92% Share of associates and JVs 0--3.62M--6.44M77.87%----------------------------43.13M--84.77M96.53%65.37M22.88%24.86M61.97%30.55M22.88% Profit before tax 106.59M--67.67M36.51%70.81M4.64%----------------------------1.89B--3.45B82.87%1.23B64.42%-961.75M178.23%-622.25M35.30% Net profit 95.62M--59.68M37.59%61.85M3.64%----------------------------1.47B--2.83B92.29%895.43M68.38%-1.01B212.70%-778.88M22.82% Net profit attributable to owners 83.88M--59.68M28.85%61.85M3.64%----------------------------1.67B--3.13B87.96%1.98B36.70%417.70M78.94%385.75M7.65%

Revenue 566.07M--823.08M--660.75M--898.48M58.72%987.13M19.93% Other income and gains 10.60M--32.69M--7.63M--23.14M118.23%27.04M17.26% Cost of sales 504.45M--682.76M--566.07M--719.26M42.58%744.49M9.04% Gross profit 61.61M--140.31M--86.06M--179.23M190.90%242.64M72.93% Selling and distribution expenses 2.36M--2.55M--2.19M--3.02M28.12%2.80M9.84% Administrative expenses 97.92M--118.23M--102.57M--114.62M17.06%97.51M17.53% Net finance costs 153.00K--18.04M--153.00K--31.47M20467.32%29.50M63.51% Income tax 7.10M--10.26M--4.74M--7.63M7.54%13.39M30.53% Operating profit -32.80M-------17.27M--38.62M217.75%---- Share of associates and JVs 111.00K--1.84M--111.00K--9.49M8450.45%-6.19M435.92% Profit before tax -25.70M--39.25M---22.00M--58.12M326.11%133.44M240.00% Net profit -32.80M--28.99M---17.27M--50.49M253.92%120.05M314.13% Net profit attributable to owners 7.95M--49.95M--20.92M--69.48M773.74%123.44M147.12%

Cash and cash equivalents 329.74M--218.17M33.84%317.05M45.32%----------------------------10.27B--13.99B36.28%39.56B182.76%32.05B18.97%34.40B7.31% Trade and bills receivables 91.11M--105.16M15.42%105.53M0.35%----------------------------1.15B--2.03B76.10%1.97B2.90%1.94B1.50%1.98B1.97% Inventories 105.67M--97.59M7.65%99.23M1.68%----------------------------2.76B--4.03B45.86%3.19B20.88%3.36B5.40%3.83B13.96% Total current assets 614.53M--526.43M14.34%603.79M14.69%----------------------------15.25B--21.42B40.51%46.53B117.22%41.93B9.89%46.44B10.76% Total assets 1.67B--1.61B3.84%1.65B2.47%----------------------------39.54B--49.14B24.27%77.51B57.74%89.24B15.14%101.59B13.84% Total current liabilities 392.46M--314.28M19.92%323.86M3.05%----------------------------6.89B--9.63B39.77%6.89B28.47%11.23B63.06%13.05B16.18% Total liabilities 769.89M--644.22M16.32%591.40M8.20%----------------------------16.05B--20.34B26.69%20.74B2.01%25.22B21.58%37.18B47.42% Equity attributable to owners 902.27M--963.76M6.81%1.06B9.59%----------------------------18.30B--21.11B15.33%44.63B111.45%44.91B0.62%46.48B3.50% Total equity 902.27M--963.76M6.81%1.06B9.59%----------------------------23.49B--28.80B22.61%56.76B97.09%64.02B12.79%64.41B0.61%

Cash and cash equivalents 3.85B--4.36B--4.53B--5.06B31.60%6.05B38.82% Trade and bills receivables 221.66M--323.87M--263.35M--388.24M75.15%367.10M13.35% Inventories 701.27M--718.38M--533.31M--711.16M1.41%737.79M2.70% Total current assets 5.87B--6.17B--6.42B--7.16B21.98%8.20B32.96% Total assets 10.83B--13.32B--13.01B--16.02B47.96%17.73B33.04% Total current liabilities 1.95B--1.67B--3.73B--3.76B92.65%3.67B119.92% Total liabilities 4.93B--4.16B--5.66B--6.06B22.90%6.41B54.17% Equity attributable to owners 2.55B--6.50B--2.55B--7.26B184.22%6.96B7.06% Total equity 8.87B--9.17B--9.28B--9.96B12.21%11.32B23.46%

Net cash from operating activities 232.38M--168.93M27.30%184.23M9.06%----------------------------3.31B--5.23B58.20%4.54B13.09%3.30B27.32%4.57B38.32% Net cash from investing activities -97.62M---149.56M53.20%-16.75M88.80%-----------------------------5.50B---6.48B17.73%-5.90B8.89%-19.20B225.38%-12.55B34.63% Net cash from financing activities -106.73M---130.64M22.41%-72.06M44.84%----------------------------6.47B--4.68B27.63%26.78B472.15%8.27B69.13%10.54B27.46% Net change in cash 28.03M---111.27M497.03%95.42M185.75%----------------------------4.27B--3.43B19.65%25.43B640.74%-7.63B130.02%2.55B133.45%

Net cash from operating activities 331.17M--279.00M--385.56M--419.87M26.79%377.28M35.22% Net cash from investing activities -25.18M---258.14M---638.66M---330.37M1211.76%-549.99M113.06% Net cash from financing activities -233.03M--56.87M---405.96M---422.73M81.40%1.11B1859.83% Net change in cash -25.18M--77.74M---638.66M---333.22M1223.11%941.90M1111.65%