COWELL 01415·

Gross margin 15.08%--15.63%0.55%13.83%1.80%11.66%2.17%10.25%1.41% Net margin 6.23%--7.51%1.28%5.02%2.49%4.83%0.20%5.57%0.74% ROE 16.14%--23.42%7.28%11.37%12.05%23.05%11.68%27.12%4.07% ROA 9.02%--13.28%4.26%4.92%8.36%8.34%3.43%12.63%4.28% Revenue growth ----52.55%---15.83%68.38%174.02%189.85%37.21%136.81% Attributable profit growth ----84.91%---43.80%128.71%159.36%203.16%61.72%97.64% Debt-to-assets 44.09%--42.87%1.22%55.99%13.12%63.70%7.71%52.62%11.08% Current ratio 2.01--1.900.111.450.461.350.101.690.33 Operating cash flow / net profit 1.30--1.160.142.451.290.531.911.621.09 Operating cash flow / revenue 8.07%--8.70%0.63%12.28%3.58%2.57%9.71%9.04%6.47%

Gross margin 11.44%--11.22%0.22% Net margin 4.96%--5.58%0.63% Revenue growth ----17.97%-- Attributable profit growth ----33.35%-- Debt-to-assets ----46.33%-- Current ratio ----1.66--

Revenue 5.10B--7.77B52.55%6.54B15.83%17.93B174.02%24.60B37.21% Other income and gains -97.79M--40.00M140.91%90.67M126.66%-165.12M282.10%87.63M153.07% Gross profit 768.26M--1.21B58.14%904.93M25.52%2.09B131.09%2.52B20.58% Selling and distribution expenses 12.62M--16.73M32.52%15.01M10.29%24.66M64.28%25.62M3.91% Administrative expenses 284.17M--500.31M76.06%557.92M11.51%777.05M39.28%896.91M15.42% Net finance costs 5.69M--35.62M525.69%67.76M90.21%134.47M98.44%111.20M17.30% Income tax 50.44M--118.55M135.04%26.35M77.78%124.52M372.62%202.64M62.73% Operating profit 373.67M--737.92M97.48%422.67M42.72%1.12B166.00%1.69B50.00% Share of associates and JVs -----------------2.44M-- Profit before tax 367.98M--702.30M90.85%354.91M49.46%989.86M178.90%1.57B58.90% Net profit 317.54M--583.74M83.83%328.57M43.71%865.34M163.37%1.37B58.35% Net profit attributable to owners 317.54M--587.15M84.91%329.98M43.80%855.81M159.36%1.38B61.72%

Revenue 1.36B--1.60B17.97% Other income and gains 9.57M--5.17M45.96% Cost of sales 1.20B--1.42B18.26% Gross profit 155.68M--180.11M15.69% Selling and distribution expenses 2.11M--1.70M19.82% Administrative expenses 68.43M--75.19M9.88% Net finance costs 9.57M--3.23M66.28% Income tax 17.61M--15.29M13.19% Operating profit 94.70M--108.39M14.46% Share of associates and JVs -115.00K---252.00K119.13% Profit before tax 85.02M--104.91M23.40% Net profit 67.40M--89.62M32.97% Net profit attributable to owners 67.40M--89.87M33.35%

Cash and cash equivalents 1.20B--309.98M74.17%685.08M121.01%814.80M18.93%1.05B28.91% Trade and bills receivables 750.38M--1.36B81.77%1.24B9.09%3.12B151.99%4.22B35.09% Inventories 884.28M--963.48M8.96%948.34M1.57%2.27B138.91%1.63B28.23% Total current assets 2.91B--3.35B14.84%5.30B58.24%7.44B40.47%8.01B7.62% Total assets 3.52B--4.40B24.88%6.68B51.99%10.37B55.21%10.85B4.64% Total current liabilities 1.45B--1.76B21.45%3.65B107.90%5.50B50.48%4.75B13.64% Total liabilities 1.55B--1.88B21.41%3.74B98.51%6.61B76.59%5.71B13.57% Equity attributable to owners 1.97B--2.51B27.40%2.90B15.73%3.71B27.97%5.10B37.46% Total equity 1.97B--2.51B27.61%2.94B17.09%3.76B28.01%5.14B36.58%

Cash and cash equivalents ----403.96M-- Trade and bills receivables ----404.26M-- Inventories ----217.88M-- Total current assets ----1.09B-- Total assets ----1.51B-- Total current liabilities ----656.39M-- Total liabilities ----701.46M-- Equity attributable to owners ----807.41M-- Total equity ----812.65M--

Net cash from operating activities 411.50M--676.42M64.38%803.43M18.78%460.65M42.66%2.22B382.63% Net cash from investing activities -208.54M---1.22B486.18%-1.71B39.53%-977.22M42.71%-380.78M61.03% Net cash from financing activities 440.45M---387.18M187.91%1.28B429.41%639.53M49.86%-1.59B348.76% Net change in cash 643.41M---933.16M245.03%373.16M139.99%122.96M67.05%251.60M104.61%