XTEP INT'L 01368·

Gross margin ------------------------------------------------------------41.72%--40.92%0.80%41.84%0.91%43.20%1.36%42.85%0.36% Net margin ------------------------------------------------------------8.88%--7.06%1.83%8.11%1.05%9.12%1.01%9.69%0.57% ROE ------------------------------------------------------------11.46%--11.18%0.28%11.62%0.44%14.23%2.61%13.44%0.79% ROA ------------------------------------------------------------6.09%--5.53%0.55%5.96%0.43%7.76%1.79%8.12%0.36% Revenue growth ----------------------------------------------------------------29.13%---1.45%30.58%6.55%8.00%4.23%2.32% Attributable profit growth ----------------------------------------------------------------1.47%--11.75%10.28%20.23%8.48%10.75%9.48% Debt-to-assets ------------------------------------------------------------45.38%--49.64%4.25%48.50%1.14%45.50%3.00%39.63%5.87% Current ratio ------------------------------------------------------------2.57--1.860.722.040.192.130.082.370.25 Operating cash flow / net profit ------------------------------------------------------------0.79--0.630.161.210.590.990.220.690.30 Operating cash flow / revenue ------------------------------------------------------------7.00%--4.42%2.58%9.85%5.43%9.05%0.80%6.73%2.31%

Gross margin 44.95%--46.43%1.47% Net margin 13.36%--12.02%1.34% Revenue growth -----0.62%-- Attributable profit growth -----10.47%-- Debt-to-assets ----38.25%-- Current ratio ----2.53-- Operating cash flow / net profit 0.85--1.040.19 Operating cash flow / revenue 11.32%--12.47%1.15%

Revenue ------------------------------------------------------------10.01B--12.93B29.13%12.74B1.45%13.58B6.55%14.15B4.23% Other income and gains ------------------------------------------------------------298.83M--316.67M5.97%423.74M33.81%395.62M6.63%517.38M30.78% Gross profit ------------------------------------------------------------4.18B--5.29B26.66%5.33B0.75%5.87B10.02%6.06B3.37% Selling and distribution expenses ------------------------------------------------------------1.89B--2.69B42.23%2.65B1.31%2.87B8.02%3.19B11.40% Administrative expenses ------------------------------------------------------------1.19B--1.45B22.27%1.30B10.44%1.43B9.64%1.37B4.26% Net finance costs ------------------------------------------------------------63.18M--91.19M44.33%139.01M52.44%97.53M29.84%99.82M2.35% Income tax ------------------------------------------------------------397.43M--448.71M12.90%416.32M7.22%595.91M43.14%601.84M1.00% Operating profit ------------------------------------------------------------1.40B--1.46B4.88%1.80B22.79%1.97B9.32%2.02B2.71% Share of associates and JVs -------------------------------------------------------------46.16M---12.11M73.78%14.74M221.78%33.40M126.58%54.43M62.96% Profit before tax ------------------------------------------------------------1.29B--1.36B5.76%1.67B22.98%1.90B13.60%1.97B3.79% Net profit ------------------------------------------------------------889.39M--912.28M2.57%1.03B13.24%1.24B19.88%1.37B10.75% Net profit attributable to owners ------------------------------------------------------------908.34M--921.69M1.47%1.03B11.75%1.24B20.23%1.37B10.75%

Revenue 6.84B--6.79B0.62% Other income and gains 353.92M--329.76M6.83% Cost of sales 3.76B--3.64B3.28% Gross profit 3.07B--3.15B2.63% Selling and distribution expenses 1.48B--1.68B12.99% Administrative expenses 639.36M--647.23M1.23% Net finance costs 52.11M--40.79M21.72% Income tax 368.32M--327.79M11.00% Operating profit 1.30B--1.16B11.03% Share of associates and JVs 29.16M--24.59M15.67% Profit before tax 1.28B--1.14B10.70% Net profit 913.57M--816.89M10.58% Net profit attributable to owners 913.57M--817.89M10.47%

Cash and cash equivalents ------------------------------------------------------------3.93B--3.41B13.12%3.29B3.50%2.98B9.57%3.46B16.04% Trade and bills receivables ------------------------------------------------------------3.14B--3.81B21.43%4.52B18.61%4.60B1.74%4.74B3.21% Inventories ------------------------------------------------------------1.50B--2.29B52.74%1.79B21.57%1.60B11.04%1.83B14.62% Total current assets ------------------------------------------------------------10.43B--12.34B18.27%12.04B2.38%11.23B6.76%12.22B8.84% Total assets ------------------------------------------------------------14.62B--16.49B12.85%17.33B5.04%15.97B7.83%16.90B5.83% Total current liabilities ------------------------------------------------------------4.05B--6.64B63.95%5.89B11.32%5.28B10.35%5.15B2.49% Total liabilities ------------------------------------------------------------6.63B--8.19B23.42%8.40B2.63%7.27B13.53%6.70B7.83% Equity attributable to owners ------------------------------------------------------------7.93B--8.24B3.97%8.86B7.50%8.70B1.81%10.20B17.24% Total equity ------------------------------------------------------------7.98B--8.31B4.06%8.92B7.42%8.70B2.47%10.20B17.24%

Cash and cash equivalents ----3.45B-- Trade and bills receivables ----4.66B-- Inventories ----2.31B-- Total current assets ----12.42B-- Total assets ----17.71B-- Total current liabilities ----4.92B-- Total liabilities ----6.77B-- Equity attributable to owners ----10.93B-- Total equity ----10.94B--

Net cash from operating activities ------------------------------------------------------------701.35M--571.83M18.47%1.25B119.46%1.23B2.14%952.41M22.45% Net cash from investing activities -------------------------------------------------------------328.63M---872.60M165.53%-915.03M4.86%651.40M171.19%-19.37M102.97% Net cash from financing activities ------------------------------------------------------------96.26M---236.10M345.29%-461.44M95.44%-2.20B376.02%-454.74M79.30% Net change in cash ------------------------------------------------------------468.97M---536.88M214.48%-121.53M77.36%-317.05M160.87%478.30M250.86%

Net cash from operating activities 773.77M--847.29M9.50% Net cash from investing activities -166.99M---111.45M33.26% Net cash from financing activities -368.42M---735.16M99.55% Net change in cash 238.36M--677.00K99.72%