FW FASHION INT 02528·

Gross margin -10.57%--111.75%122.32%94.94%16.81%--------53.01%--47.32%5.69%46.42%0.90%44.84%1.57%47.57%2.72% Net margin -10.57%--111.75%122.32%94.94%16.81%--------2.58%---3.80%6.38%-1.96%1.84%-9.07%7.10%6.89%15.96% ROE 2.13%--57.63%55.51%48.09%9.55%--------10.56%---13.31%23.87%-7.36%5.94%-51.55%44.19%27.11%78.66% ROA -0.06%--6.41%6.47%8.43%2.02%--------2.80%---4.01%6.81%-2.17%1.84%-10.34%8.17%8.90%19.25% Revenue growth ----940.47%--80.48%859.99%-------------14.62%--6.51%21.13%-4.86%11.37%-9.55%4.69% Attributable profit growth ----3892.05%--45.30%3846.75%-------------212.58%--48.41%260.99%-366.25%414.66%173.16%539.41% Debt-to-assets 92.66%--89.33%3.33%83.34%5.99%--------73.47%--73.47%0.00%76.03%2.56%84.04%8.01%70.70%13.34% Current ratio 0.99--0.990.011.080.09--------1.01--1.000.011.010.011.090.081.310.22 Operating cash flow / net profit -418.20--4.77422.982.871.90--------6.77---6.3113.07-11.094.78-1.419.683.204.61 Operating cash flow / revenue 4419.27%--533.56%3885.71%272.93%260.63%--------17.42%--23.98%6.56%21.78%2.20%12.81%8.97%22.04%9.23%

Gross margin 49.94%--51.92%1.98% Net margin 1.58%--9.27%7.68% Revenue growth -----5.73%-- Attributable profit growth ----386.87%-- Debt-to-assets ----60.01%-- Current ratio ----1.51-- Operating cash flow / net profit 10.97--3.467.51 Operating cash flow / revenue 17.39%--32.06%14.67%

Revenue 5.78M--60.16M940.47%108.58M80.48%--------1.00B--857.45M14.62%913.29M6.51%868.92M4.86%785.96M9.55% Other income and gains --------------------8.81M--2.91M66.97%17.09M487.03%1.21M92.90%7.46M514.30% Cost of sales 6.39M--7.07M10.61%5.49M22.37%---------------------------- Gross profit -611.00K--67.23M11103.44%103.09M53.33%--------532.36M--405.76M23.78%423.93M4.48%389.65M8.09%373.85M4.06% Selling and distribution expenses --------------------404.98M--332.05M18.01%354.70M6.82%365.36M3.01%241.18M33.99% Administrative expenses --------------------95.49M--84.19M11.84%89.19M5.94%86.41M3.11%68.69M20.51% Net finance costs --------------------17.41M--16.91M2.86%17.76M5.02%15.87M10.63%11.77M25.83% Income tax --------------------12.66M--1.84M85.49%1.40M23.56%3.85M173.93%5.98M55.54% Operating profit --------------------55.23M---14.21M125.73%106.03K100.75%-60.91M57544.88%71.43M217.27% Profit before tax --------------------38.52M---30.77M179.88%-16.53M46.27%-74.94M353.26%60.13M180.25% Net profit -611.00K--67.23M11103.44%103.09M53.33%--------25.86M---32.61M226.09%-17.94M44.99%-78.78M339.21%54.15M168.73% Net profit attributable to owners 1.70M--67.83M3892.05%98.55M45.30%--------26.29M---29.60M212.58%-15.27M48.41%-71.20M366.25%52.09M173.16%

Revenue 443.64M--418.24M5.73% Other income and gains -1.88M--1.07M156.61% Cost of sales 222.10M--201.10M9.45% Gross profit 221.54M--217.13M1.99% Selling and distribution expenses 157.71M--132.50M15.99% Administrative expenses 39.57M--38.48M2.74% Net finance costs 6.86M--4.00M41.73% Income tax 8.49M--4.47M47.37% Operating profit 22.38M--47.22M111.01% Profit before tax 15.52M--43.22M178.52% Net profit 7.03M--38.76M451.22% Net profit attributable to owners 8.37M--40.76M386.87%

Cash and cash equivalents 46.20M--84.73M83.41%85.73M1.18%--------151.98M--62.42M58.93%66.42M6.41%42.81M35.56%69.04M61.29% Trade and bills receivables 45.81M--57.29M25.06%66.85M16.68%--------40.71M--35.99M11.60%43.46M20.76%57.13M31.48%44.83M21.53% Inventories 256.96M--265.27M3.24%341.76M28.84%--------212.91M--244.86M15.01%279.31M14.07%233.41M16.44%189.85M18.66% Total current assets 504.50M--544.94M8.02%666.74M22.35%--------529.90M--463.22M12.58%490.74M5.94%421.63M14.08%369.23M12.43% Total assets 1.02B--1.05B3.15%1.22B16.59%--------923.37M--813.29M11.92%826.62M1.64%761.62M7.86%608.15M20.15% Total current liabilities 511.59M--549.62M7.43%617.94M12.43%--------525.00M--462.99M11.81%485.35M4.83%388.16M20.02%282.26M27.28% Total liabilities 942.28M--936.99M0.56%1.02B8.77%--------678.39M--597.49M11.93%628.49M5.19%640.08M1.84%429.99M32.82% Equity attributable to owners 79.86M--117.68M47.37%204.93M74.14%--------248.94M--222.40M10.66%207.35M6.77%138.12M33.39%192.18M39.14% Total equity 74.61M--111.88M49.95%203.67M82.04%--------244.98M--215.80M11.91%198.14M8.18%121.54M38.66%178.16M46.58%

Cash and cash equivalents ----85.48M-- Trade and bills receivables ----26.89M-- Inventories ----183.92M-- Total current assets ----377.36M-- Total assets ----606.65M-- Total current liabilities ----250.14M-- Total liabilities ----364.02M-- Equity attributable to owners ----261.44M-- Total equity ----242.63M--

Net cash from operating activities 255.52M--320.99M25.62%296.33M7.68%--------174.96M--205.65M17.54%198.92M3.27%111.29M44.06%173.20M55.63% Net cash from investing activities -98.17M---27.68M71.80%-93.27M236.92%---------24.89M---36.55M46.83%-40.40M10.53%-13.74M65.98%16.95M223.29% Net cash from financing activities -168.13M---253.11M50.54%-203.75M19.50%---------225.35M---212.46M5.72%-155.77M26.68%-122.87M21.12%-163.12M32.76% Net change in cash -10.78M--40.20M472.94%-691.00K101.72%---------75.28M---43.37M42.39%2.75M106.35%-25.33M1019.72%27.02M206.69%

Net cash from operating activities 77.15M--134.09M73.81% Net cash from investing activities -5.43M---35.48M553.07% Net cash from financing activities -50.20M---89.44M78.16% Net change in cash 21.52M--9.18M57.33%