PICC P&C 02328·

Net margin ------------------------------------------------------------5.34%--6.67%1.33%5.25%1.43%6.33%1.08%7.48%1.15% ROE ------------------------------------------------------------11.02%--13.33%2.31%10.62%2.71%12.47%1.85%14.13%1.66% ROA ------------------------------------------------------------3.28%--4.33%1.05%3.49%0.84%4.13%0.64%4.72%0.59% Revenue growth ----------------------------------------------------------------4.18%--7.33%3.14%8.52%1.19%6.27%2.25% Attributable profit growth ----------------------------------------------------------------30.42%---15.70%46.12%30.86%46.56%25.48%5.39% Debt-to-assets ------------------------------------------------------------69.87%--67.05%2.83%66.70%0.35%66.51%0.19%66.60%0.09% Operating cash flow / net profit ------------------------------------------------------------0.73--1.470.740.840.631.130.301.070.07 Operating cash flow / revenue ------------------------------------------------------------3.90%--9.79%5.89%4.39%5.40%7.18%2.79%7.97%0.80%

Net margin 9.82%--10.43%--12.68%2.86%6.57%3.86% Revenue growth --------2.24%--2.37%-- Attributable profit growth --------32.07%---35.55%-- Debt-to-assets --------65.38%--66.24%-- Operating cash flow / net profit 1.10--0.86--0.850.250.950.09 Operating cash flow / revenue 10.80%--8.96%--10.83%0.03%6.22%2.74%

Revenue ------------------------------------------------------------418.63B--436.14B4.18%468.09B7.33%507.98B8.52%539.83B6.27% Income tax ------------------------------------------------------------3.66B--4.91B34.10%3.47B29.38%5.85B68.75%7.32B25.11% Operating profit ------------------------------------------------------------22.41B--28.27B26.15%22.31B21.09%30.64B37.33%40.49B32.15% Profit before tax ------------------------------------------------------------26.03B--34.02B30.71%28.04B17.59%38.02B35.60%47.70B25.48% Net profit ------------------------------------------------------------22.36B--29.11B30.15%24.57B15.60%32.16B30.92%40.38B25.55% Net profit attributable to owners ------------------------------------------------------------22.36B--29.16B30.42%24.59B15.70%32.17B30.86%40.37B25.48%

Revenue 249.04B--385.92B--254.62B2.24%395.05B2.37% Other income and gains 7.90B--10.17B--17.88B126.33%204.00M97.99% Cost of sales 227.81B--358.11B--231.29B1.53%366.89B2.45% Administrative expenses ----1.94B------2.00B3.46% Net finance costs ----706.00M------781.00M10.62% Income tax 4.45B--8.44B--7.75B74.08%5.32B36.89% Operating profit ----48.75B------32.15B34.06% Share of associates and JVs 3.62B--6.04B--4.02B11.11%4.00B33.74% Profit before tax 28.90B--48.70B--40.03B38.49%31.28B35.78% Net profit 24.45B--40.27B--32.28B32.01%25.95B35.55% Net profit attributable to owners 24.45B--40.27B--32.30B32.07%25.95B35.55%

Cash and cash equivalents ----------------------------------------------------------------------------9.99B-- Total current assets ----------------------------------------------------------------------------860.50B-- Total assets ------------------------------------------------------------682.62B--672.46B1.49%703.62B4.63%778.24B10.61%855.40B9.91% Total liabilities ------------------------------------------------------------476.97B--450.86B5.48%469.32B4.09%517.62B10.29%569.69B10.06% Equity attributable to owners ------------------------------------------------------------202.89B--218.71B7.80%231.42B5.81%257.92B11.45%285.71B10.77% Total equity ------------------------------------------------------------205.65B--221.60B7.76%234.30B5.73%260.62B11.23%285.71B9.63%

Cash and cash equivalents --------20.22B--9.66B-- Total current assets --------884.86B------ Total assets --------884.86B--877.22B-- Total liabilities --------578.50B--581.06B-- Equity attributable to owners --------303.69B--296.15B-- Total equity --------306.36B--296.15B--

Net cash from operating activities ------------------------------------------------------------16.34B--42.71B161.45%20.54B51.90%36.46B77.51%43.05B18.06% Net cash from investing activities -------------------------------------------------------------8.16B---32.19B294.56%-11.13B65.42%-27.55B147.49%-43.12B56.54% Net cash from financing activities -------------------------------------------------------------16.84B---7.00B58.46%-14.22B103.27%-6.05B57.46%4.01B166.31% Net change in cash -------------------------------------------------------------8.78B--3.84B143.70%-4.76B224.14%2.88B160.37%3.90B35.83%

Net cash from operating activities 26.89B--34.56B--27.58B2.55%24.56B28.94% Net cash from investing activities -11.66B---23.71B---5.68B51.27%-8.59B63.78% Net cash from financing activities -17.63B---23.41B---24.90B41.22%-9.32B60.20% Net change in cash -2.40B---7.47B---3.05B26.84%1.52B120.36%