XINGDA INT'L 01899·

Gross margin ------------------------------------------------------------19.40%--21.03%1.63%19.15%1.88%18.38%0.77%18.58%0.20% Net margin ------------------------------------------------------------2.88%--5.16%2.28%5.55%0.38%3.25%2.30%4.11%0.86% ROE ------------------------------------------------------------3.84%--5.94%2.10%7.36%1.42%4.16%3.20%5.12%0.96% ROA ------------------------------------------------------------1.55%--2.66%1.11%3.08%0.42%1.73%1.34%2.23%0.50% Revenue growth ----------------------------------------------------------------1.57%--6.27%4.71%3.92%2.36%-3.85%7.77% Attributable profit growth ----------------------------------------------------------------59.19%--28.99%30.19%-40.13%69.13%26.52%66.66% Debt-to-assets ------------------------------------------------------------61.57%--62.29%0.72%59.95%2.34%61.19%1.24%58.16%3.03% Current ratio ------------------------------------------------------------1.10--1.000.101.000.001.000.001.070.07 Operating cash flow / net profit -------------------------------------------------------------0.31--2.833.142.560.272.110.454.182.07 Operating cash flow / revenue -------------------------------------------------------------0.89%--14.62%15.51%14.22%0.41%6.85%7.37%17.18%10.33%

Gross margin 19.79%--19.43%0.36% Net margin 5.00%--1.41%3.59% Revenue growth ----2.02%-- Attributable profit growth -----67.34%-- Debt-to-assets ----60.69%-- Current ratio ----1.02-- Operating cash flow / net profit 3.56--3.860.29 Operating cash flow / revenue 17.81%--5.43%12.39%

Revenue ------------------------------------------------------------10.65B--10.81B1.57%11.49B6.27%11.94B3.92%11.48B3.85% Other income and gains ------------------------------------------------------------189.78M--213.82M12.66%145.05M32.16%208.26M43.58%229.85M10.36% Gross profit ------------------------------------------------------------2.06B--2.27B10.10%2.20B3.21%2.19B0.28%2.13B2.80% Selling and distribution expenses ------------------------------------------------------------999.34M--1.06B6.17%796.35M24.95%1.08B35.62%1.03B4.58% Administrative expenses ------------------------------------------------------------463.45M--452.23M2.42%456.97M1.05%413.83M9.44%370.74M10.41% Net finance costs ------------------------------------------------------------163.44M--198.94M21.72%233.53M17.39%220.71M5.49%202.33M8.33% Income tax ------------------------------------------------------------112.04M--186.43M66.40%98.36M47.24%134.30M36.54%150.34M11.94% Operating profit ------------------------------------------------------------582.44M--943.57M62.00%969.28M2.72%742.85M23.36%824.86M11.04% Profit before tax ------------------------------------------------------------419.00M--744.64M77.72%735.75M1.19%522.14M29.03%622.53M19.23% Net profit ------------------------------------------------------------306.96M--558.21M81.85%637.39M14.18%387.83M39.15%472.18M21.75% Net profit attributable to owners ------------------------------------------------------------218.85M--348.39M59.19%449.40M28.99%269.05M40.13%340.41M26.52%

Revenue 5.66B--5.78B2.02% Other income and gains 90.89M--57.73M36.48% Cost of sales 4.54B--4.66B2.48% Gross profit 1.12B--1.12B0.14% Selling and distribution expenses 505.96M--523.74M3.51% Administrative expenses 192.62M--188.90M1.93% Net finance costs 113.41M--85.48M24.62% Income tax 74.96M--11.91M84.10% Profit before tax 358.18M--93.21M73.98% Net profit 283.22M--81.30M71.30% Net profit attributable to owners 198.92M--64.97M67.34%

Cash and cash equivalents --------------------------------------------------------------------570.80M--835.59M46.39%1.16B38.25% Trade and bills receivables ------------------------------------------------------------8.17B--8.15B0.31%8.03B1.47%8.00B0.36%7.59B5.11% Inventories ------------------------------------------------------------1.36B--1.18B12.85%903.64M23.50%1.42B57.49%1.32B7.52% Total current assets ------------------------------------------------------------12.32B--11.64B5.50%11.59B0.48%12.40B7.02%11.23B9.44% Total assets ------------------------------------------------------------19.80B--21.01B6.10%20.72B1.38%22.38B8.02%21.19B5.31% Total current liabilities ------------------------------------------------------------11.15B--11.62B4.21%11.57B0.48%12.39B7.14%10.47B15.49% Total liabilities ------------------------------------------------------------12.19B--13.09B7.34%12.42B5.08%13.70B10.26%12.33B10.00% Equity attributable to owners ------------------------------------------------------------5.70B--5.86B2.89%6.10B4.10%6.47B5.94%6.65B2.77% Total equity ------------------------------------------------------------7.61B--7.92B4.11%8.30B4.73%8.69B4.67%8.87B2.09%

Cash and cash equivalents ----1.20B-- Trade and bills receivables ----7.84B-- Inventories ----1.42B-- Total current assets ----10.77B-- Total assets ----21.02B-- Total current liabilities ----10.56B-- Total liabilities ----12.75B-- Equity attributable to owners ----6.22B-- Total equity ----8.26B--

Net cash from operating activities -------------------------------------------------------------94.45M--1.58B1773.79%1.63B3.32%817.59M49.95%1.97B141.22% Net cash from investing activities -------------------------------------------------------------1.69B---1.80B6.85%-941.92M47.73%-1.24B31.28%-369.11M70.15% Net cash from financing activities ------------------------------------------------------------1.62B--306.39M81.07%-956.83M412.29%678.16M170.88%-1.28B288.87% Net change in cash -------------------------------------------------------------162.31M--85.41M152.62%-265.34M410.68%259.19M197.68%322.21M24.32%

Net cash from operating activities 1.01B--313.63M68.92% Net cash from investing activities 88.63M--7.60M91.42% Net cash from financing activities -629.06M---263.23M58.16% Net change in cash 468.64M--58.00M87.62%