GAODI HOLDINGS 01676·

Gross margin ----23.38%--25.64%2.26%25.30%0.35%------------18.88%--11.47%7.41%3.15%8.32%3.36%--11.75%8.39%10.62%1.13% Net margin -----------------------------19.82%---112.90%93.08%-29.71%83.19%-22.52%---22.90%0.38%-21.84%1.06% ROE -----------------------------7.23%---27.13%19.90%-----44.76%---95.91%51.16%-257.11%161.20% ROA -----------------------------6.45%---24.06%17.60%-----30.33%---48.96%18.64%---- Revenue growth --------79.14%--27.54%51.60%-----------------46.84%--302.79%349.63%----22.68%--5.39%17.29% Attributable profit growth --------110.96%--9.51%101.46%-----------------202.11%---6.24%195.88%-----24.78%---0.46%24.32% Debt-to-assets ------------------------6.09%--10.68%4.58%11.57%0.89%----32.32%--49.01%16.68%---- Current ratio ----1.91--2.800.893.280.48--------15.46--9.725.7411.742.02----5.84--2.813.031.421.38 Operating cash flow / net profit ----------------------------1.01--0.550.461.010.470.62--0.770.15---- Operating cash flow / revenue ----14.08%--18.69%4.61%7.33%11.36%-------------20.07%---61.81%41.74%-30.10%31.71%-13.94%---17.70%3.76%----

Revenue ----204.85M--366.97M79.14%468.04M27.54%------------162.72M--86.51M46.84%348.44M302.79%354.86M--435.33M22.68%458.80M5.39% Other income and gains -----157.00K--411.00K361.78%435.00K5.84%------------1.10M---10.39M1044.91%2.66M125.58%-1.03M---4.55M339.94%294.00K106.46% Cost of sales ----156.94M--272.86M73.86%349.64M28.14%----------------------------384.18M--410.08M6.74% Gross profit ----47.90M--94.11M96.45%118.40M25.81%------------30.72M--9.92M67.71%10.97M10.64%11.93M--51.16M328.92%48.72M4.77% Selling and distribution expenses ----8.54M--14.55M70.42%17.84M22.62%------------35.88M--31.38M12.54%107.20M241.63%66.63M--104.46M56.77%98.70M5.51% Administrative expenses ----1.85M--2.71M46.25%14.04M418.62%------------19.17M--35.75M86.52%31.88M10.82%25.99M--25.41M2.24%28.10M10.58% Net finance costs ----1.31M--1.03M21.71%219.00K78.70%------------444.00K--1.56M250.90%574.00K63.16%1.74M--2.88M66.03%1.99M30.86% Income tax ----9.30M--19.38M108.35%24.26M25.21%------------1.92M--1.35M29.66%843.00K37.42%1.66M--25.00K98.50%272.00K988.00% Operating profit -----------------------------29.90M---94.76M216.98%-103.79M9.53%-81.76M---96.78M18.37%---- Profit before tax ----35.77M--75.22M110.28%85.42M13.55%-------------30.34M---96.32M217.47%-104.37M8.35%-81.59M---99.67M22.15%-99.92M0.26% Net profit -----------------------------32.26M---97.67M202.80%-103.52M5.99%-79.93M---99.69M24.72%-100.19M0.50% Net profit attributable to owners ----26.47M--55.84M110.96%61.15M9.51%-------------32.26M---97.45M202.11%-103.52M6.24%-79.93M---99.73M24.78%-100.19M0.46%

Cash and cash equivalents ----31.47M--73.68M134.12%109.98M49.27%--------242.58M--213.48M12.00%176.40M17.37%----60.93M--6.78M88.88%998.00K85.27% Trade and bills receivables ----48.57M--51.31M5.65%74.53M45.26%--------102.28M--133.48M30.51%115.62M13.38%----89.91M--143.88M60.03%64.66M55.06% Inventories ----41.78M--25.32M39.40%31.59M24.76%--------79.11M--75.45M4.62%61.74M18.18%----74.72M--8.31M88.88%5.07M38.96% Total current assets ----126.94M--156.43M23.23%219.75M40.48%--------432.22M--436.63M1.02%366.09M16.15%----240.41M--184.84M23.12%102.32M44.64% Total assets ------------------------508.84M--499.79M1.78%405.98M18.77%----263.57M--203.60M22.75%---- Total current liabilities ----66.43M--55.93M15.81%67.04M19.87%--------27.95M--44.90M60.65%31.18M30.55%----41.20M--65.83M59.80%71.83M9.12% Total liabilities ------------------------31.01M--53.38M72.11%46.99M11.97%----85.19M--99.78M17.12%---- Equity attributable to owners ------------------------477.83M--446.42M6.57%359.20M19.54%----178.58M--103.98M41.77%38.97M62.52% Total equity ----65.19M--101.04M54.98%155.59M53.99%--------477.83M--446.42M6.57%358.99M19.58%----178.38M--103.82M41.80%38.97M62.46%

Net cash from operating activities ----28.84M--68.59M137.87%34.30M50.00%-------------32.65M---53.47M63.75%-104.87M96.13%-49.47M---77.05M55.77%---- Net cash from investing activities -----111.00K--139.00K225.23%351.00K152.52%-------------6.34M--2.69M142.34%326.00K87.86%-9.57M---4.54M52.55%---- Net cash from financing activities -----6.64M---26.52M299.46%1.65M106.22%------------9.52M--13.84M45.48%18.55M33.96%53.44M--27.38M48.76%---- Net change in cash ----22.09M--42.21M91.11%36.30M13.99%-------------29.48M---36.94M25.31%-86.00M132.81%-5.60M---54.21M867.57%----