CHINASHENGMU-PF 01432·

Gross margin 29.43%--33.40%3.97%42.88%9.48%----------------------------35.66%--31.88%3.78%30.29%1.59%29.62%0.68%25.10%4.52% Net margin 57.33%--28.38%28.94%32.74%4.36%----------------------------17.07%--14.17%2.90%2.80%11.37%-2.06%4.86%-12.38%10.32% ROE 26.10%--16.78%9.32%21.91%5.13%----------------------------12.82%--10.27%2.55%2.14%8.13%-1.65%3.79%-10.40%8.75% ROA 18.90%--10.95%7.95%12.03%1.08%----------------------------7.15%--5.71%1.44%1.11%4.60%-0.76%1.87%-4.68%3.92% Revenue growth ----79.95%--63.21%16.74%--------------------------------6.42%--6.53%0.11%-7.61%14.14%-3.64%3.96% Attributable profit growth -----12.31%--67.18%79.49%---------------------------------11.71%---79.33%67.62%-176.09%96.76%-470.11%294.02% Debt-to-assets 25.90%--32.93%7.03%45.13%12.20%----------------------------45.47%--45.97%0.50%50.26%4.29%50.67%0.40%52.27%1.61% Current ratio 0.89--0.500.390.450.05----------------------------0.72--0.930.210.710.210.800.090.880.07 Operating cash flow / net profit 0.63--0.890.260.970.08----------------------------2.01--2.500.489.947.44-14.2024.14-2.6111.59 Operating cash flow / revenue 36.26%--25.39%10.87%31.79%6.40%----------------------------34.39%--35.36%0.97%27.79%7.57%29.31%1.52%32.33%3.03%

Gross margin 25.26%--28.96%3.70% Net margin -3.16%--1.26%4.42% Revenue growth ----7.05%-- Attributable profit growth ----232.46%-- Debt-to-assets ----46.72%-- Current ratio ----0.60--

Revenue 389.42M--700.76M79.95%1.14B63.21%----------------------------2.98B--3.18B6.42%3.38B6.53%3.13B7.61%3.01B3.64% Other income and gains 10.85M--7.94M26.86%6.87M13.49%----------------------------23.04M--46.11M100.13%72.32M56.84%70.96M1.88%207.14M191.91% Cost of sales 274.82M--466.70M69.82%653.28M39.98%------------------------------------------------ Gross profit 114.60M--234.06M104.24%490.43M109.53%----------------------------1.06B--1.01B4.86%1.03B1.22%925.89M9.67%756.08M18.34% Selling and distribution expenses 6.39M--22.87M257.61%71.82M214.05%----------------------------53.83M--55.18M2.51%62.75M13.72%49.06M21.81%58.70M19.64% Administrative expenses 7.84M--12.56M60.14%25.44M102.47%----------------------------111.67M--140.98M26.25%166.31M17.96%152.56M8.26%139.98M8.25% Net finance costs 4.67M--12.39M165.35%32.82M164.92%----------------------------71.17M--57.45M19.28%53.10M7.56%47.46M10.64%36.86M22.33% Income tax 0--0--852.00K------------------------------861.00K------3.07M--1.23M59.95%1.97M60.03% Operating profit ----------------------------------------607.30M--527.89M13.08%160.96M69.51%-18.14M111.27%-330.72M1722.66% Share of associates and JVs 0--320.00K---1.35M521.56%-----------------------------25.70M---20.37M20.72%-10.17M50.06%2.32M122.77%-3.47M249.94% Profit before tax 223.24M--198.90M10.90%375.35M88.71%----------------------------510.43M--450.07M11.83%97.69M78.30%-63.28M164.78%-371.06M486.33% Net profit 223.24M--198.90M10.90%374.50M88.28%----------------------------509.57M--450.07M11.68%94.61M78.98%-64.52M168.19%-373.03M478.20% Net profit attributable to owners 223.27M--195.78M12.31%327.31M67.18%----------------------------471.71M--416.46M11.71%86.08M79.33%-65.50M176.09%-373.40M470.11%

Revenue 1.44B--1.55B7.05% Other income and gains 166.53M--28.98M82.59% Cost of sales 1.08B--1.10B1.75% Gross profit 364.87M--447.84M22.74% Selling and distribution expenses 26.06M--34.24M31.37% Administrative expenses 55.77M--53.62M3.85% Net finance costs 19.37M--27.45M41.77% Income tax 215.00K--101.00K53.02% Share of associates and JVs -1.87M---1.21M35.24% Profit before tax -45.39M--19.55M143.09% Net profit -45.60M--19.45M142.66% Net profit attributable to owners -48.32M--64.01M232.46%

Cash and cash equivalents 69.55M--29.84M57.10%127.06M325.83%----------------------------531.84M--490.18M7.83%395.46M19.32%697.23M76.31%1.12B60.28% Trade and bills receivables 10.04M--24.51M144.05%63.47M158.96%----------------------------248.14M--276.86M11.57%303.33M9.56%287.70M5.15%278.68M3.14% Inventories 103.88M--204.24M96.61%335.22M64.13%----------------------------768.11M--880.65M14.65%1.01B14.33%856.61M14.92%913.10M6.59% Total current assets 228.59M--301.42M31.86%635.15M110.72%----------------------------2.05B--2.47B20.74%2.16B12.92%2.12B1.57%2.42B13.87% Total assets 1.18B--1.82B53.81%3.11B71.33%----------------------------7.13B--7.89B10.60%8.52B7.98%8.46B0.62%7.97B5.81% Total current liabilities 256.90M--598.26M132.87%1.40B134.80%----------------------------2.86B--2.67B6.72%3.02B13.17%2.64B12.68%2.75B4.34% Total liabilities 305.90M--598.26M95.57%1.40B134.80%----------------------------3.24B--3.63B11.83%4.28B18.06%4.29B0.18%4.17B2.81% Equity attributable to owners 855.57M--1.17B36.38%1.49B28.05%----------------------------3.68B--4.06B10.20%4.02B0.79%3.96B1.49%3.59B9.39% Total equity 875.27M--1.22B39.21%1.71B40.17%----------------------------3.89B--4.26B9.58%4.24B0.60%4.18B1.43%3.81B8.88%

Cash and cash equivalents ----571.15M-- Trade and bills receivables ----271.12M-- Inventories ----538.88M-- Total current assets ----1.64B-- Total assets ----7.17B-- Total current liabilities ----2.74B-- Total liabilities ----3.35B-- Equity attributable to owners ----3.65B-- Total equity ----3.82B--

Net cash from operating activities 141.20M--177.94M26.02%363.63M104.35%----------------------------1.03B--1.12B9.43%940.28M16.28%916.23M2.56%973.98M6.30% Net cash from investing activities -408.38M---535.22M31.06%-934.30M74.57%-----------------------------1.07B---1.06B0.27%-1.15B8.48%-966.85M16.20%-660.63M31.67% Net cash from financing activities 269.55M--317.43M17.76%667.89M110.41%----------------------------238.32M---98.82M141.46%118.43M219.85%86.06M27.33%-103.84M220.66% Net change in cash 2.38M---39.85M1775.61%97.22M343.99%----------------------------198.12M---39.30M119.84%-95.07M141.92%35.44M137.28%209.51M491.11%