YE XING GROUP 01941·

Gross margin 32.66%--35.41%2.75%32.54%2.87%--------26.61%--19.51%7.10%18.07%1.44%21.55%3.48%22.77%1.22% Net margin 15.07%--18.57%3.50%14.82%3.75%--------9.26%---15.10%24.37%-4.03%11.07%-5.72%1.70%3.06%8.78% ROE 41.47%--70.34%28.88%42.17%28.17%--------11.64%---24.47%36.11%-5.98%18.49%-10.32%4.34%5.01%15.32% ROA 9.81%--16.62%6.81%14.30%2.32%--------6.65%---12.46%19.11%-3.13%9.33%-5.11%1.99%2.47%7.58% Revenue growth ----64.42%--31.12%33.30%------------1.98%---0.61%2.59%10.52%11.13%-3.95%14.46% Attributable profit growth ----104.45%--2.93%101.52%-------------268.96%--72.94%341.90%-56.36%129.29%151.07%207.43% Debt-to-assets 76.34%--76.16%0.19%66.35%9.81%--------43.66%--48.88%5.23%46.33%2.55%49.32%2.99%49.96%0.64% Current ratio 1.29--1.290.001.480.19--------1.89--1.580.311.510.061.360.151.390.03 Operating cash flow / net profit 2.66--1.181.49-0.021.20---------1.22--0.461.68-0.260.721.021.282.191.17 Operating cash flow / revenue 40.11%--21.84%18.27%-0.36%22.19%---------11.31%---6.91%4.40%1.04%7.95%-5.86%6.90%6.70%12.56%

Gross margin 25.20%--28.16%2.97% Net margin 7.39%--10.19%2.80% Revenue growth -----2.05%-- Attributable profit growth ----33.88%-- Debt-to-assets ----50.15%-- Current ratio ----1.43--

Revenue 116.50M--191.56M64.42%251.18M31.12%--------336.83M--343.50M1.98%341.40M0.61%377.31M10.52%362.42M3.95% Other income and gains 2.82M--2.50M11.28%211.00K91.56%--------4.06M--2.96M26.92%2.14M27.93%1.49M30.46%1.12M24.90% Cost of sales 78.45M--123.73M57.72%169.45M36.95%---------------------------- Gross profit 38.05M--67.83M78.25%81.73M20.49%--------89.63M--67.02M25.22%61.69M7.95%81.30M31.78%82.51M1.49% Selling and distribution expenses 3.85M--2.59M32.71%6.14M136.62%--------972.00K--1.89M94.65%3.82M101.80%2.85M25.33%2.33M18.27% Administrative expenses 13.52M--20.25M49.78%26.58M31.27%--------43.69M--49.17M12.53%49.33M0.34%47.44M3.84%41.56M12.39% Net finance costs 333.00K--315.00K5.41%245.00K22.22%--------65.00K--39.00K40.00%8.00K79.49%6.00K25.00%1.00K83.33% Income tax 6.54M--12.13M85.40%12.31M1.47%--------12.97M--4.15M68.00%309.00K92.55%6.43M1981.23%4.92M23.42% Operating profit 24.43M--48.02M96.57%49.77M3.65%--------44.24M---55.98M226.55%-14.05M74.91%-28.02M99.47%16.02M157.16% Profit before tax 24.09M--47.70M97.98%49.53M3.82%--------44.17M---56.02M226.82%-14.05M74.91%-28.02M99.40%16.02M157.15% Net profit 17.55M--35.58M102.67%37.22M4.63%--------31.21M---51.87M266.22%-13.75M73.50%-21.59M57.09%11.09M151.36% Net profit attributable to owners 17.55M--35.89M104.45%36.94M2.93%--------30.72M---51.91M268.96%-14.05M72.94%-21.96M56.36%11.22M151.07%

Revenue 173.07M--169.51M2.05% Other income and gains 810.00K--443.00K45.31% Cost of sales 129.46M--121.78M5.94% Gross profit 43.61M--47.74M9.48% Selling and distribution expenses 1.18M--251.00K78.71% Administrative expenses 18.88M--18.61M1.43% Income tax 6.41M--5.86M8.55% Profit before tax 19.19M--23.14M20.55% Net profit 12.79M--17.28M35.13% Net profit attributable to owners 12.81M--17.15M33.88%

Cash and cash equivalents 74.55M--107.70M44.47%92.75M13.88%----------------140.09M--116.69M16.70%139.87M19.86% Trade and bills receivables 12.07M--19.78M63.81%24.84M25.59%--------108.78M--86.45M20.53%95.09M9.99%133.45M40.35%147.14M10.26% Total current assets 171.38M--206.96M20.76%252.56M22.03%--------382.19M--315.13M17.55%303.30M3.75%279.79M7.75%308.32M10.20% Total assets 178.95M--214.04M19.61%260.31M21.62%--------469.57M--416.25M11.35%439.48M5.58%422.35M3.90%448.93M6.30% Total current liabilities 133.18M--160.35M20.40%170.96M6.61%--------202.27M--199.78M1.23%200.50M0.36%205.79M2.63%222.31M8.03% Total liabilities 136.62M--163.01M19.32%172.71M5.95%--------205.00M--203.48M0.74%203.61M0.06%208.29M2.30%224.29M7.68% Equity attributable to owners 42.33M--51.02M20.52%87.60M71.71%--------264.03M--212.12M19.66%234.92M10.75%212.87M9.39%224.13M5.29% Total equity 42.33M--51.03M20.55%87.60M71.67%--------264.57M--212.77M19.58%235.87M10.86%214.05M9.25%224.64M4.95%

Cash and cash equivalents ----158.68M-- Trade and bills receivables ----167.89M-- Total current assets ----346.53M-- Total assets ----486.14M-- Total current liabilities ----241.89M-- Total liabilities ----243.80M-- Equity attributable to owners ----241.27M-- Total equity ----242.33M--

Net cash from operating activities 46.72M--41.83M10.48%-900.00K102.15%---------38.11M---23.75M37.69%3.55M114.96%-22.10M722.09%24.27M209.82% Net cash from investing activities -8.15M--24.62M402.12%-15.14M161.49%---------70.00M---8.72M87.54%1.22M113.95%-1.74M242.56%-1.41M18.90% Net cash from financing activities 7.44M---33.30M547.55%1.09M103.28%---------1.87M---567.00K69.73%-68.00K88.01%566.00K932.35%-568.00K200.35% Net change in cash 46.02M--33.15M27.96%-14.95M145.09%---------109.99M---33.03M69.97%4.70M114.23%-23.27M594.94%22.30M195.82%