XINYUAN PM 01895·

Gross margin 27.02%--34.09%7.07%33.96%0.14%--------34.56%--33.40%1.15%32.19%1.22%28.20%3.99%31.24%3.04% Net margin 11.39%--23.40%12.01%19.34%4.05%--------16.11%---48.67%64.78%3.79%52.46%10.20%6.41%10.99%0.79% ROE 25.06%--40.13%15.07%------------13.45%---65.48%78.92%5.22%70.70%14.90%9.68%14.99%0.09% ROA --------------------8.31%---32.39%40.70%2.64%35.03%6.92%4.28%7.51%0.59% Revenue growth ----30.17%--32.56%2.39%-------------10.86%--9.19%20.06%15.91%6.72%4.14%11.77% Attributable profit growth ----167.52%--9.61%157.92%-------------372.71%--108.41%481.13%209.47%101.05%12.32%197.15% Debt-to-assets --------------------38.71%--50.25%11.53%49.63%0.62%54.04%4.41%50.27%3.77% Current ratio 1.53--1.630.10------------2.01--1.770.241.820.041.590.221.650.06 Operating cash flow / net profit 6.98--1.305.671.490.18---------0.24---0.770.530.501.260.400.100.320.08 Operating cash flow / revenue 79.45%--30.52%48.93%28.79%1.72%---------3.84%--37.30%41.14%1.89%35.42%4.09%2.21%3.51%0.58%

Revenue 227.95M--296.72M30.17%393.33M32.56%--------770.18M--686.50M10.86%749.61M9.19%868.87M15.91%904.88M4.14% Other income and gains 21.75M--23.97M10.21%11.78M50.85%--------26.14M--27.83M6.46%8.04M71.12%26.89M234.68%4.23M84.26% Cost of sales 166.35M--195.55M17.56%259.76M32.83%---------------------------- Gross profit 61.60M--101.17M64.23%133.57M32.03%--------266.16M--229.32M13.84%241.27M5.21%244.99M1.54%282.67M15.38% Selling and distribution expenses ----------------------------1.29M--27.62M2046.08%35.79M29.57% Administrative expenses 27.10M--28.03M3.44%27.47M2.00%--------73.00M--69.89M4.27%81.75M16.97%93.13M13.92%95.17M2.19% Net finance costs 18.60M--0100.00%0----------137.00K--112.00K18.25%258.00K130.36%1.04M303.49%1.66M59.85% Income tax 8.79M--23.75M170.12%28.33M19.30%--------51.42M--36.91M28.21%40.83M10.62%3.70M90.94%30.60M727.20% Operating profit --------------------179.83M---297.39M265.38%69.43M123.35%93.30M34.39%131.25M40.67% Share of associates and JVs 0--0---3.42M-----------4.20M--287.00K106.83%74.00K74.22%77.00K4.05%438.00K468.83% Profit before tax 34.74M--93.18M168.18%104.42M12.06%--------175.49M---297.22M269.37%69.24M123.30%92.34M33.35%130.03M40.81% Net profit 25.95M--69.43M167.52%76.09M9.59%--------124.07M---334.13M369.31%28.41M108.50%88.64M211.97%99.43M12.17% Net profit attributable to owners 25.95M--69.43M167.52%76.10M9.61%--------122.57M---334.26M372.71%28.13M108.41%87.04M209.47%97.77M12.32%

Cash and cash equivalents 67.46M--97.81M44.99%------------321.72M--258.24M19.73%258.96M0.28%264.02M1.95%238.45M9.68% Trade and bills receivables 42.09M--78.10M85.55%------------258.15M--198.64M23.05%228.61M15.09%324.83M42.08%331.44M2.04% Inventories ----------------------------53.60M--43.71M18.45%20.22M53.75% Total current assets 283.46M--433.83M53.05%------------1.14B--901.22M21.07%945.42M4.90%1.04B9.99%1.06B2.36% Total assets --------------------1.49B--1.03B30.89%1.08B4.24%1.28B19.09%1.32B3.37% Total current liabilities 185.37M--266.30M43.66%------------567.09M--508.73M10.29%520.75M2.36%652.35M25.27%644.74M1.17% Total liabilities --------------------577.88M--518.39M10.29%533.71M2.95%692.04M29.67%665.48M3.84% Equity attributable to owners 103.56M--172.99M67.04%------------911.54M--510.51M44.00%538.63M5.51%583.99M8.42%652.03M11.65% Total equity 103.56M--172.99M67.04%------------914.89M--513.31M43.89%541.73M5.54%588.68M8.67%658.38M11.84%

Net cash from operating activities 181.10M--90.55M50.00%113.24M25.07%---------29.58M--256.08M965.80%14.13M94.48%35.56M151.62%31.78M10.63% Net cash from investing activities --------------------62.78M---258.84M512.32%-11.49M95.56%21.31M285.43%-5.95M127.91% Net cash from financing activities ---------------------18.00M---68.51M280.72%-3.12M95.45%-50.50M1519.08%-50.09M0.82% Net change in cash --------------------15.21M---71.28M568.77%-477.00K99.33%6.37M1435.43%-24.25M480.74%