C&D INTL GROUP 01908·

Gross margin --------------------------------------------16.64%--15.28%1.36%11.10%4.18%13.27%2.17%13.89%0.63% Net margin --------------------------------------------7.60%--5.58%2.02%4.71%0.87%4.47%0.24%4.05%0.42% ROE --------------------------------------------13.18%--15.60%2.41%15.05%0.55%12.79%2.26%8.67%4.12% ROA --------------------------------------------1.20%--1.41%0.21%1.48%0.07%1.55%0.07%1.50%0.04% Revenue growth ------------------------------------------------82.60%--34.92%47.68%6.36%28.56%-4.33%10.70% Attributable profit growth ------------------------------------------------38.89%--2.04%36.84%-4.59%6.63%-24.01%19.42% Debt-to-assets --------------------------------------------81.43%--79.82%1.62%78.72%1.10%75.15%3.57%73.89%1.26% Current ratio --------------------------------------------1.57--1.580.011.500.081.630.131.650.02 Operating cash flow / net profit --------------------------------------------1.79--0.631.163.853.220.583.273.963.38 Operating cash flow / revenue --------------------------------------------13.63%--3.53%10.10%18.16%14.63%2.61%15.55%16.06%13.44%

Gross margin 12.89%--14.31%1.42% Net margin 4.40%--5.11%0.71% Revenue growth -----47.91%-- Attributable profit growth -----9.67%-- Debt-to-assets ----75.58%-- Current ratio ----1.53--

Revenue --------------------------------------------54.56B--99.64B82.60%134.43B34.92%142.99B6.36%136.79B4.33% Gross profit --------------------------------------------9.08B--15.22B67.64%14.92B1.99%18.97B27.19%19.01B0.18% Selling and distribution expenses --------------------------------------------2.70B--3.56B31.98%4.31B20.88%3.72B13.61%4.30B15.57% Administrative expenses --------------------------------------------1.02B--4.44B335.79%2.85B35.81%4.98B74.65%4.72B5.26% Net finance costs --------------------------------------------612.17M--801.08M30.86%386.50M51.75%635.60M64.45%458.48M27.87% Income tax --------------------------------------------1.71B--2.92B71.43%2.25B23.12%4.49B99.71%4.19B6.56% Operating profit --------------------------------------------6.02B--8.27B37.47%8.59B3.79%10.55B22.79%9.87B6.45% Share of associates and JVs --------------------------------------------447.42M--1.01B126.12%380.86M62.35%968.37M154.26%328.35M66.09% Profit before tax --------------------------------------------5.85B--8.49B44.94%8.58B1.15%10.88B26.75%9.74B10.51% Net profit --------------------------------------------4.15B--5.56B34.05%6.34B13.90%6.39B0.86%5.54B13.28% Net profit attributable to owners --------------------------------------------3.55B--4.93B38.89%5.03B2.04%4.80B4.59%3.65B24.01%

Revenue 34.16B--17.80B47.91% Other income and gains 354.15M--216.30M38.92% Cost of sales 29.76B--15.25B48.76% Gross profit 4.40B--2.55B42.15% Selling and distribution expenses 1.39B--1.46B4.82% Administrative expenses 986.78M--836.89M15.19% Net finance costs 466.90M--197.14M57.78% Income tax 750.10M--1.07M99.86% Share of associates and JVs 405.45M--897.82M121.44% Profit before tax 2.25B--911.03M59.59% Net profit 1.50B--909.96M39.52% Net profit attributable to owners 913.75M--825.37M9.67%

Cash and cash equivalents --------------------------------------------48.35B--50.28B3.99%54.16B7.72%57.26B5.72%50.63B11.58% Trade and bills receivables --------------------------------------------9.25B--11.59B25.30%11.45B1.18%16.14B40.87%12.44B22.93% Inventories --------------------------------------------24.27M--34.23M41.03%55.32M61.62%235.34M325.42%75.30M68.00% Total current assets --------------------------------------------324.96B--362.69B11.61%391.26B7.88%377.39B3.55%330.38B12.46% Total assets --------------------------------------------346.09B--393.46B13.69%427.28B8.59%412.48B3.46%368.25B10.72% Total current liabilities --------------------------------------------206.40B--229.53B11.21%260.86B13.65%231.14B11.39%200.30B13.34% Total liabilities --------------------------------------------281.82B--314.04B11.43%336.34B7.10%309.98B7.84%272.10B12.22% Equity attributable to owners --------------------------------------------26.95B--31.64B17.38%33.46B5.75%37.56B12.26%42.10B12.08% Total equity --------------------------------------------64.27B--79.42B23.58%90.94B14.50%102.50B12.72%96.15B6.20%

Cash and cash equivalents ----61.75B-- Trade and bills receivables ----13.02B-- Inventories ----217.81B-- Total current assets ----345.10B-- Total assets ----389.74B-- Total current liabilities ----225.16B-- Total liabilities ----294.56B-- Equity attributable to owners ----40.15B-- Total equity ----95.18B--

Net cash from operating activities --------------------------------------------7.44B--3.52B52.69%24.41B593.75%3.74B84.69%21.96B487.62% Net cash from investing activities ---------------------------------------------20.48B---16.37B20.07%-8.41B48.60%-5.45B35.24%-9.48B73.97% Net cash from financing activities --------------------------------------------31.64B--13.39B57.68%-12.24B191.43%4.83B139.45%-19.14B496.41% Net change in cash --------------------------------------------18.59B--537.17M97.11%3.76B599.57%3.12B17.07%-6.66B313.72%