TOWNRAY HLDGS 01692·

Gross margin 29.68%--29.43%0.25%28.21%1.22%--------28.96%--31.87%2.91%34.83%2.97%32.94%1.90%26.64%6.30% Net margin 6.36%--13.79%7.43%10.19%3.60%--------13.96%--16.31%2.35%17.35%1.04%15.29%2.05%9.30%5.99% ROE --------------------32.06%--38.38%6.32%35.46%2.93%30.31%5.15%18.43%11.88% ROA --------------------17.50%--23.08%5.58%25.60%2.52%19.41%6.19%12.10%7.31% Revenue growth -----0.63%--4.09%4.71%------------17.93%---13.24%31.16%2.07%15.30%-6.75%8.82% Attributable profit growth ----115.37%---23.10%138.47%------------37.78%---7.69%45.47%-10.02%2.32%-43.28%33.26% Debt-to-assets --------------------45.41%--39.86%5.55%27.79%12.07%35.97%8.17%34.37%1.60% Current ratio 1.48--1.470.021.780.31--------2.02--1.950.072.510.562.030.481.970.06 Operating cash flow / net profit 2.34--0.142.202.792.65--------0.16--1.921.761.610.310.211.392.542.32 Operating cash flow / revenue 14.91%--1.96%12.95%28.43%26.47%--------2.20%--31.28%29.08%27.92%3.36%3.28%24.64%23.60%20.31%

Gross margin 24.68%--24.72%0.04% Net margin 9.19%--6.15%3.04% Revenue growth -----5.95%-- Attributable profit growth -----37.07%-- Debt-to-assets ----40.29%-- Current ratio ----1.72--

Revenue 361.07M--358.80M0.63%373.46M4.09%--------623.90M--735.75M17.93%638.36M13.24%651.56M2.07%607.55M6.75% Other income and gains 4.89M--32.60M567.04%8.20M74.84%--------3.70M--9.90M167.65%13.11M32.52%17.28M31.75%7.17M58.51% Cost of sales 253.92M--253.21M0.28%268.12M5.89%---------------------------- Gross profit 107.16M--105.59M1.46%105.34M0.23%--------180.68M--234.45M29.76%222.36M5.15%214.61M3.49%161.82M24.60% Selling and distribution expenses 10.12M--7.71M23.81%8.69M12.71%--------11.98M--13.43M12.14%15.60M16.15%14.44M7.46%14.37M0.42% Administrative expenses 58.42M--65.75M12.53%57.18M13.04%--------69.10M--82.04M18.73%85.15M3.79%91.52M7.48%85.41M6.68% Net finance costs 1.05M--294.00K71.89%885.00K201.02%--------686.78K--3.55M416.62%2.34M33.92%2.14M8.68%2.67M24.75% Income tax 11.09M--9.55M13.89%7.89M17.38%--------15.83M--23.87M50.79%22.25M6.77%21.12M5.08%11.35M46.28% Operating profit --------------------103.59M--147.39M42.28%135.34M8.18%122.91M9.18%70.54M42.61% Profit before tax 34.06M--59.02M73.28%45.93M22.17%--------102.91M--143.84M39.78%133.00M7.54%120.77M9.19%67.87M43.80% Net profit 22.97M--49.46M115.37%38.04M23.10%--------87.08M--119.98M37.78%110.75M7.69%99.65M10.02%56.53M43.28% Net profit attributable to owners --------------------87.08M--119.98M37.78%110.75M7.69%99.65M10.02%56.53M43.28%

Revenue 327.30M--307.81M5.95% Other income and gains 6.61M--5.19M21.45% Cost of sales 246.51M--231.71M6.00% Gross profit 80.78M--76.10M5.80% Selling and distribution expenses 7.06M--8.02M13.57% Administrative expenses 44.24M--43.37M1.97% Net finance costs 1.70M--946.00K44.22% Income tax 5.22M--3.11M40.42% Profit before tax 35.29M--22.03M37.57% Net profit 30.07M--18.92M37.07% Net profit attributable to owners 30.07M--18.92M37.07%

Cash and cash equivalents 60.24M--28.29M53.04%51.86M83.32%--------118.49M--133.03M12.27%170.11M27.88%70.28M58.69%93.61M33.20% Trade and bills receivables 61.49M--68.97M12.18%79.81M15.71%--------97.36M--87.60M10.02%60.75M30.65%122.30M101.31%97.25M20.49% Inventories 31.03M--46.18M48.82%43.11M6.64%--------169.02M--130.97M22.51%54.46M58.42%92.72M70.25%70.65M23.81% Total current assets 257.84M--325.96M26.42%203.42M37.59%--------410.04M--366.91M10.52%293.64M19.97%311.32M6.02%280.09M10.03% Total assets --------------------497.49M--519.75M4.47%432.58M16.77%513.45M18.69%467.24M9.00% Total current liabilities 173.99M--222.43M27.84%114.58M48.49%--------203.00M--188.40M7.19%117.06M37.87%153.36M31.02%142.36M7.18% Total liabilities --------------------225.90M--207.17M8.29%120.23M41.97%184.67M53.60%160.58M13.04% Equity attributable to owners --------------------271.60M--312.58M15.09%312.35M0.07%328.78M5.26%306.66M6.73% Total equity 250.07M--271.86M8.72%136.47M49.80%--------271.60M--312.58M15.09%312.35M0.07%328.78M5.26%306.66M6.73%

Cash and cash equivalents ----77.82M-- Trade and bills receivables ----135.25M-- Inventories ----125.88M-- Total current assets ----372.79M-- Total assets ----569.85M-- Total current liabilities ----216.83M-- Total liabilities ----229.60M-- Equity attributable to owners ----340.24M-- Total equity ----340.24M--

Net cash from operating activities 53.84M--7.04M86.93%106.17M1409.21%--------13.75M--230.15M1573.27%178.25M22.55%21.40M87.99%143.38M569.96% Net cash from investing activities -6.59M---16.74M154.13%13.87M182.89%---------30.53M---84.14M175.60%-4.90M94.18%-40.22M720.90%-16.43M59.15% Net cash from financing activities -34.55M---24.11M30.20%-93.12M286.21%---------48.93M---140.38M186.89%-137.75M1.87%-84.45M38.69%-104.10M23.26% Net change in cash 12.71M---33.81M366.03%26.93M179.64%---------65.70M--5.64M108.58%35.61M531.59%-103.27M390.04%22.85M122.13%