SINOMAX GROUP 01418·

Gross margin 22.25%--23.57%1.32%26.19%2.62%----------------------------16.83%--20.25%3.42%25.48%5.23%25.59%0.11%23.47%2.12% Net margin 5.32%--5.87%0.55%6.12%0.25%----------------------------0.74%---1.17%1.91%2.23%3.40%3.98%1.74%1.81%2.17% ROE 25.46%--23.83%1.64%25.13%1.30%----------------------------1.54%---4.02%5.56%6.76%10.78%14.18%7.42%5.84%8.34% ROA 8.04%--9.02%0.98%10.15%1.14%----------------------------1.11%---1.66%2.77%3.35%5.01%6.36%3.02%2.62%3.75% Revenue growth ----10.86%--20.19%9.33%---------------------------------18.66%--15.44%34.10%15.84%0.40%11.97%3.87% Attributable profit growth ----23.25%--25.23%1.98%---------------------------------356.77%--276.54%633.31%125.40%151.13%-57.40%182.81% Debt-to-assets 69.18%--62.60%6.58%59.73%2.86%----------------------------64.42%--60.37%4.05%61.83%1.46%60.90%0.93%66.73%5.83% Current ratio 1.10--1.280.191.330.04----------------------------1.25--1.250.011.270.011.290.021.150.13 Operating cash flow / net profit 1.64--1.200.440.860.35----------------------------4.99---5.1310.125.2210.351.543.682.440.90 Operating cash flow / revenue 8.73%--7.07%1.66%5.24%1.83%----------------------------3.68%--6.02%2.34%11.65%5.63%6.11%5.54%4.41%1.70%

Gross margin 23.38%--26.42%3.04% Net margin 1.61%--0.78%0.83% Revenue growth ----36.16%-- Attributable profit growth -----56.12%-- Debt-to-assets ----65.23%-- Current ratio ----1.17-- Operating cash flow / net profit 1.11--0.410.70 Operating cash flow / revenue 1.79%--0.32%1.46%

Revenue 1.78B--1.97B10.86%2.37B20.19%----------------------------3.48B--2.83B18.66%3.27B15.44%3.79B15.84%4.24B11.97% Other income and gains 23.49M--29.22M24.41%27.88M4.58%----------------------------51.62M--30.92M40.10%25.25M18.33%50.87M101.46%41.25M18.92% Cost of sales 1.38B--1.51B8.97%1.75B16.07%------------------------------------------------ Gross profit 395.74M--464.76M17.44%620.63M33.54%----------------------------586.18M--573.71M2.13%833.47M45.28%969.55M16.33%995.58M2.69% Selling and distribution expenses 195.32M--213.16M9.14%280.75M31.71%----------------------------343.59M--379.24M10.37%415.38M9.53%457.76M10.20%532.67M16.36% Administrative expenses 88.10M--88.39M0.33%124.50M40.85%----------------------------162.87M--168.56M3.49%226.73M34.52%247.58M9.19%280.72M13.38% Net finance costs 7.16M--7.99M11.59%6.88M13.92%----------------------------31.84M--41.11M29.14%45.12M9.73%46.38M2.80%53.37M15.07% Income tax 25.61M--39.00M52.30%44.55M14.22%----------------------------5.26M--10.74M104.20%38.16M255.26%34.12M10.59%20.79M39.07% Operating profit 127.39M--162.67M27.69%196.46M20.77%----------------------------62.80M---2.84M104.53%156.23M5594.70%226.47M44.96%150.98M33.33% Share of associates and JVs ----------------------------------------------------4.65M---186.06K104.00% Profit before tax 120.23M--154.68M28.65%189.58M22.56%----------------------------30.96M---43.96M241.97%111.11M352.77%184.74M66.26%97.42M47.26% Net profit 94.62M--115.68M22.25%145.03M25.38%----------------------------25.70M---33.22M229.24%72.95M319.63%150.62M106.46%76.63M49.12% Net profit attributable to owners 87.96M--108.41M23.25%135.76M25.23%----------------------------12.51M---32.13M356.77%56.72M276.54%127.86M125.40%54.46M57.40%

Revenue 1.89B--2.58B36.16% Other income and gains 16.84M--25.38M50.71% Cost of sales 1.45B--1.90B30.76% Gross profit 442.44M--680.71M53.85% Selling and distribution expenses 235.07M--386.25M64.31% Administrative expenses 119.23M--184.85M55.04% Net finance costs 24.75M--29.12M17.67% Income tax 5.41M--2.45M54.78% Operating profit 53.29M--51.62M3.13% Share of associates and JVs 7.29M--0100.00% Profit before tax 35.83M--22.49M37.22% Net profit 30.41M--20.05M34.09% Net profit attributable to owners 26.91M--11.81M56.12%

Cash and cash equivalents 151.31M--168.52M11.38%165.25M1.94%----------------------------186.85M--150.92M19.23%280.86M86.09%243.03M13.47%332.23M36.70% Trade and bills receivables ----------------------------------------719.43M--513.48M28.63%653.27M27.22%753.56M15.35%924.20M22.64% Inventories 273.15M--279.68M2.39%346.04M23.73%----------------------------575.00M--496.01M13.74%461.04M7.05%441.30M4.28%596.24M35.11% Total current assets 881.55M--1.02B15.52%1.12B10.19%----------------------------1.56B--1.22B21.46%1.46B18.85%1.54B5.91%1.99B29.03% Total assets 1.18B--1.28B8.96%1.43B11.34%----------------------------2.31B--2.00B13.57%2.18B9.07%2.37B8.59%2.93B23.74% Total current liabilities 804.45M--793.15M1.40%844.48M6.47%----------------------------1.25B--977.44M21.85%1.15B17.48%1.20B4.43%1.73B44.02% Total liabilities 814.62M--803.21M1.40%853.41M6.25%----------------------------1.49B--1.21B19.00%1.35B11.71%1.44B6.97%1.96B35.59% Equity attributable to owners 345.46M--455.01M31.71%540.27M18.74%----------------------------811.73M--799.66M1.49%838.94M4.91%901.69M7.48%932.08M3.37% Total equity 362.99M--479.90M32.21%575.26M19.87%----------------------------823.01M--792.28M3.73%832.35M5.06%925.81M11.23%974.79M5.29%

Cash and cash equivalents ----262.94M-- Trade and bills receivables ----1.09B-- Inventories ----677.94M-- Total current assets ----2.21B-- Total assets ----3.16B-- Total current liabilities ----1.89B-- Total liabilities ----2.06B-- Equity attributable to owners ----1.06B-- Total equity ----1.10B--

Net cash from operating activities 155.27M--139.37M10.24%124.23M10.86%----------------------------128.19M--170.46M32.97%380.93M123.47%231.45M39.24%187.01M19.20% Net cash from investing activities -124.47M---52.12M58.12%16.00M130.70%----------------------------23.05M---13.23M157.42%-44.82M238.69%-76.58M70.85%-139.17M81.73% Net cash from financing activities 9.54M---70.25M836.67%-146.03M107.87%-----------------------------77.51M---211.89M173.38%-209.73M1.02%-198.26M5.47%48.57M124.50% Net change in cash 40.34M--16.99M57.87%-5.80M134.12%----------------------------73.73M---54.66M174.13%126.38M331.21%-43.39M134.33%96.41M322.20%

Net cash from operating activities 33.80M--8.30M75.44%