CHU KONG PIPE 01938·

Gross margin 16.36%--18.25%1.89%20.46%2.21%------------------------------------------------10.78%--19.92%9.14%20.91%0.98%17.60%3.31%18.52%0.92% Net margin 3.46%--4.83%1.37%10.50%5.67%-------------------------------------------------5.20%--6.90%12.11%6.93%0.03%7.23%0.30%10.47%3.24% ROE 15.41%--21.76%6.35%45.86%24.10%-------------------------------------------------11.43%--17.51%28.94%17.08%0.43%17.16%0.08%16.48%0.69% ROA 3.26%--3.97%0.71%13.92%9.95%-------------------------------------------------1.19%--2.49%3.68%2.86%0.37%3.27%0.41%4.16%0.89% Revenue growth ----32.58%--80.01%47.43%----------------------------------------------------30.26%--12.23%18.03%10.90%1.33%-20.00%30.90% Attributable profit growth ----85.15%--291.56%206.41%----------------------------------------------------272.79%--12.72%260.07%15.72%3.00%15.82%0.10% Debt-to-assets 78.85%--81.78%2.92%69.65%12.13%------------------------------------------------89.58%--85.80%3.78%83.24%2.56%80.95%2.29%74.75%6.21% Current ratio 1.14--0.840.301.060.22------------------------------------------------1.03--1.020.010.810.210.900.090.920.02 Operating cash flow / net profit 0.11---3.213.331.514.72------------------------------------------------9.59--0.958.642.351.400.971.380.630.34 Operating cash flow / revenue 0.40%---15.51%15.90%15.83%31.34%-------------------------------------------------49.89%--6.52%56.41%16.26%9.74%7.00%9.26%6.55%0.45%

Gross margin 18.38%--20.36%1.98% Net margin 12.36%--7.22%5.14% Revenue growth -----55.97%-- Attributable profit growth -----74.29%-- Debt-to-assets ----74.98%-- Current ratio ----0.89--

Revenue 1.10B--1.46B32.58%2.62B80.01%------------------------------------------------1.81B--2.36B30.26%2.65B12.23%2.94B10.90%2.35B20.00% Other income and gains 2.50M--3.25M30.33%6.43M97.66%------------------------------------------------1.58B--238.74M84.90%15.98M93.31%197.87M1138.32%149.26M24.57% Cost of sales 919.87M--1.19B29.58%2.09B75.15%-------------------------------------------------------------------- Gross profit 179.88M--266.05M47.91%536.95M101.82%------------------------------------------------195.52M--470.62M140.71%554.21M17.76%517.41M6.64%435.53M15.83% Selling and distribution expenses 47.41M--63.11M33.11%57.17M9.40%------------------------------------------------52.91M--55.06M4.08%65.50M18.96%40.86M37.62%35.61M12.86% Administrative expenses 36.98M--48.62M31.48%90.03M85.19%------------------------------------------------263.63M--245.83M6.76%270.06M9.86%284.38M5.30%269.67M5.17% Net finance costs 43.19M--45.44M5.22%65.19M43.46%------------------------------------------------144.25M--44.64M69.05%94.55M111.79%110.22M16.58%93.58M15.10% Income tax 16.10M--28.22M75.28%42.50M50.60%------------------------------------------------371.58M--569.00K99.85%144.70M25330.40%46.16M68.10%151.23M227.61% Operating profit ------------------------------------------------------------436.50M--207.11M52.55%133.63M35.48%276.73M107.09%188.66M31.82% Share of associates and JVs 2.48M--0100.00%0---------------------------------------------------15.02M------------------ Profit before tax 54.10M--98.58M82.21%317.97M222.56%------------------------------------------------277.23M--162.47M41.40%39.08M75.95%166.51M326.08%95.08M42.90% Net profit 38.00M--70.35M85.15%275.46M291.56%-------------------------------------------------94.35M--163.03M272.79%183.78M12.72%212.67M15.72%246.31M15.82% Net profit attributable to owners 38.00M--70.35M85.15%275.46M291.56%-------------------------------------------------94.35M--163.03M272.79%183.78M12.72%212.67M15.72%246.31M15.82%

Revenue 1.39B--611.66M55.97% Other income and gains 135.75M--22.67M83.30% Cost of sales 1.13B--487.10M57.04% Gross profit 255.39M--124.56M51.23% Selling and distribution expenses 21.67M--16.19M25.28% Administrative expenses 139.28M--100.19M28.06% Net finance costs 54.59M--37.00M32.21% Income tax 3.39M--65.09M1822.39% Profit before tax 175.13M---20.93M111.95% Net profit 171.75M--44.16M74.29% Net profit attributable to owners 171.75M--44.16M74.29%

Cash and cash equivalents 89.43M--113.69M27.13%41.77M63.27%------------------------------------------------20.59M--16.13M21.66%32.19M99.60%53.32M65.65%21.45M59.77% Trade and bills receivables 165.70M--279.26M68.53%240.18M13.99%------------------------------------------------503.11M--378.86M24.70%311.95M17.66%371.73M19.16%471.46M26.83% Inventories 224.82M--428.54M90.62%710.69M65.84%------------------------------------------------416.88M--402.69M3.40%583.47M44.89%816.31M39.91%430.68M47.24% Total current assets 692.41M--1.20B73.17%1.34B12.14%------------------------------------------------4.96B--3.70B25.25%3.53B4.75%3.69B4.45%3.17B14.11% Total assets 1.17B--1.77B52.17%1.98B11.56%------------------------------------------------7.92B--6.55B17.27%6.42B2.04%6.51B1.32%5.92B9.00% Total current liabilities 605.70M--1.42B134.83%1.26B11.17%------------------------------------------------4.81B--3.63B24.58%4.37B20.58%4.11B5.98%3.46B15.92% Total liabilities 919.13M--1.45B57.82%1.38B4.99%------------------------------------------------7.10B--5.62B20.76%5.35B4.95%5.27B1.47%4.43B15.97% Equity attributable to owners 246.50M--323.25M31.14%600.64M85.81%------------------------------------------------825.52M--930.94M12.77%1.08B15.59%1.24B15.15%1.50B20.65% Total equity 246.50M--323.25M31.14%600.64M85.81%------------------------------------------------825.52M--930.94M12.77%1.08B15.59%1.24B15.15%1.50B20.65%

Cash and cash equivalents ----58.03M-- Trade and bills receivables ----576.81M-- Inventories ----433.59M-- Total current assets ----3.46B-- Total assets ----6.17B-- Total current liabilities ----3.91B-- Total liabilities ----4.62B-- Equity attributable to owners ----1.54B-- Total equity ----1.54B--

Net cash from operating activities 4.35M---226.11M5293.22%415.47M283.75%-------------------------------------------------904.63M--154.07M117.03%431.07M179.79%205.87M52.24%154.12M25.14% Net cash from investing activities -313.00K---136.38M43473.16%-71.41M47.64%------------------------------------------------2.56B--38.17M98.51%-8.68M122.75%-55.82M542.94%-4.19M92.49% Net cash from financing activities 29.24M--401.61M1273.32%-328.76M181.86%-------------------------------------------------1.71B---149.10M91.28%-366.03M145.49%-78.47M78.56%-197.65M151.88% Net change in cash 33.28M--39.12M17.52%15.30M60.88%-------------------------------------------------51.82M--43.13M183.24%56.35M30.64%71.58M27.03%-47.72M166.67%