ISDN HOLDINGS 01656·

Gross margin --------------------------------27.35%--28.56%1.21%26.67%1.89%25.48%1.18%23.90%1.58% Net margin --------------------------------8.88%--6.22%2.65%3.27%2.96%3.75%0.48%3.09%0.66% ROE --------------------------------12.93%--7.39%5.54%2.49%4.90%4.12%1.63%3.22%0.90% ROA --------------------------------9.41%--5.76%3.64%2.79%2.97%3.36%0.57%2.95%0.40% Revenue growth -------------------------------------7.45%---4.37%3.08%7.85%12.22%21.23%13.39% Attributable profit growth -------------------------------------36.98%---64.86%27.88%70.31%135.17%-18.68%88.99% Debt-to-assets --------------------------------40.53%--39.41%1.12%39.90%0.49%40.54%0.64%44.87%4.33% Current ratio --------------------------------1.72--1.680.042.510.832.180.341.570.61 Operating cash flow / net profit --------------------------------0.22--1.000.77-2.163.161.323.481.510.20 Operating cash flow / revenue --------------------------------1.97%--6.20%4.23%-7.07%13.27%4.94%12.00%4.67%0.26%

Gross margin 23.73%--24.88%1.15% Net margin 1.81%--5.50%3.70% Revenue growth ----19.11%-- Attributable profit growth ----707.23%-- Debt-to-assets ----47.26%-- Current ratio ----1.45-- Operating cash flow / net profit 1.88--0.071.80 Operating cash flow / revenue 3.39%--0.39%3.00%

Revenue --------------------------------2.08B--1.92B7.45%1.84B4.37%1.98B7.85%2.40B21.23% Other income and gains --------------------------------42.35M--17.87M57.80%25.78M44.27%22.48M12.82%20.91M6.97% Gross profit --------------------------------567.96M--548.83M3.37%490.05M10.71%505.08M3.07%574.31M13.71% Selling and distribution expenses --------------------------------141.67M--148.81M5.04%141.52M4.90%158.43M11.95%179.00M12.98% Administrative expenses --------------------------------199.77M--202.81M1.52%217.22M7.10%222.24M2.31%228.25M2.70% Net finance costs --------------------------------6.96M--18.07M159.47%23.61M30.68%29.10M23.24%28.67M1.46% Income tax --------------------------------63.26M--46.38M26.69%41.41M10.71%30.27M26.89%40.89M35.07% Operating profit --------------------------------249.32M--178.05M28.59%128.69M27.72%136.96M6.43%145.17M5.99% Share of associates and JVs --------------------------------5.20M--6.02M15.64%-3.60M159.78%-3.28M8.88%-1.47M55.21% Profit before tax --------------------------------247.56M--166.00M32.95%101.48M38.86%104.59M3.06%115.03M9.98% Net profit --------------------------------184.30M--119.62M35.09%60.07M49.78%74.31M23.70%74.14M0.24% Net profit attributable to owners --------------------------------120.24M--75.78M36.98%26.63M64.86%45.35M70.31%36.88M18.68%

Revenue 212.90M--253.57M19.11% Other income and gains 1.49M--1.71M14.72% Cost of sales 162.37M--190.48M17.31% Gross profit 50.53M--63.09M24.87% Selling and distribution expenses 15.10M--17.64M16.86% Administrative expenses 19.46M--23.70M21.78% Net finance costs 2.54M--2.69M6.27% Income tax 3.63M--6.38M75.72% Share of associates and JVs -391.00K--138.00K135.29% Profit before tax 7.47M--20.33M171.97% Net profit 3.85M--13.96M262.75% Net profit attributable to owners 1.29M--10.38M707.23%

Cash and cash equivalents --------------------------------291.00M--293.13M0.73%322.81M10.13%300.76M6.83%371.85M23.64% Trade and bills receivables --------------------------------559.09M--524.09M6.26%594.68M13.47%635.67M6.89%591.71M6.92% Inventories --------------------------------365.80M--420.77M15.03%392.59M6.70%358.72M8.63%358.08M0.18% Total current assets --------------------------------1.22B--1.24B1.82%1.33B7.14%1.31B1.16%1.34B2.05% Total assets --------------------------------1.96B--2.08B5.92%2.15B3.76%2.21B2.75%2.51B13.43% Total current liabilities --------------------------------708.53M--736.87M4.00%527.75M28.38%602.24M14.12%853.36M41.70% Total liabilities --------------------------------793.98M--817.74M2.99%859.14M5.06%896.98M4.40%1.13B25.54% Equity attributable to owners --------------------------------930.07M--1.03B10.25%1.07B4.16%1.10B3.00%1.15B4.15% Total equity --------------------------------1.17B--1.26B7.91%1.29B2.92%1.32B1.65%1.38B5.17%

Cash and cash equivalents ----65.97M-- Trade and bills receivables ----140.65M-- Inventories ----77.11M-- Total current assets ----286.72M-- Total assets ----512.20M-- Total current liabilities ----198.20M-- Total liabilities ----242.06M-- Equity attributable to owners ----223.60M-- Total equity ----270.14M--

Net cash from operating activities --------------------------------40.86M--119.17M191.64%-129.84M208.96%97.81M175.33%112.31M14.82% Net cash from investing activities ---------------------------------7.02M---10.39M47.93%-21.59M107.75%-36.95M71.13%-41.73M12.94% Net cash from financing activities --------------------------------4.55M---135.69M3080.35%176.53M230.10%-74.76M142.35%-8.67M88.41% Net change in cash --------------------------------38.39M---26.91M170.10%25.10M193.25%-13.89M155.37%61.92M545.63%

Net cash from operating activities 7.22M--997.00K86.19% Net cash from investing activities -5.28M---2.46M53.31% Net cash from financing activities -2.78M---406.00K85.38% Net change in cash -836.00K---1.87M124.04%