MUYUAN 02714·

Gross margin 17.50%--3.11%14.39%20.75%17.64%17.82%2.93% Net margin 11.96%---3.76%15.72%13.72%17.48%10.97%2.75% ROE 18.48%---6.79%25.27%24.82%31.61%19.93%4.89% ROA 7.74%---2.13%9.87%10.09%12.22%9.21%0.88% Revenue growth -----11.19%--24.43%35.62%4.49%19.94% Attributable profit growth -----132.14%--519.42%651.56%-13.39%532.82% Debt-to-assets 54.36%--62.11%7.76%58.68%3.43%54.15%4.53% Current ratio 0.80--0.670.130.720.050.780.06 Operating cash flow / net profit 1.54---2.373.911.984.361.900.08 Operating cash flow / revenue 18.43%--8.92%9.51%27.22%18.29%20.85%6.36%

Net margin 14.11%---10.24%24.35% Revenue growth -----22.30%-- Attributable profit growth -----157.72%-- Debt-to-assets ----54.18%-- Current ratio ----0.79-- Operating cash flow / net profit 1.61--0.371.24 Operating cash flow / revenue 22.69%---3.74%26.43%

Revenue 124.83B--110.86B11.19%137.95B24.43%144.14B4.49% Other income and gains 376.91M--157.19M58.30%84.41M46.30%110.74M31.19% Gross profit 21.84B--3.45B84.22%28.63B730.77%25.68B10.28% Selling and distribution expenses 758.74M--982.63M29.51%1.10B11.50%1.29B18.15% Administrative expenses 4.20B--3.88B7.74%3.33B14.05%3.92B17.73% Net finance costs 2.91B--3.05B5.04%2.98B2.58%2.46B17.40% Income tax 3.37M--2.22M34.11%28.57M1187.04%1.88M93.42% Operating profit 17.84B---1.12B106.26%21.87B2059.93%18.27B16.48% Profit before tax 14.93B---4.17B127.93%18.90B553.14%15.81B16.33% Net profit 14.93B---4.17B127.91%18.93B554.07%15.81B16.45% Net profit attributable to owners 13.27B---4.26B132.14%17.88B519.42%15.49B13.39%

Revenue 76.46B--59.41B22.30% Cost of sales 60.77B--60.35B0.70% Selling and distribution expenses 641.01M--660.36M3.02% Administrative expenses 1.81B--1.76B2.90% Net finance costs 1.41B--1.12B20.66% Income tax 20.20M--420.11M1979.87% Operating profit 11.01B---5.39B148.93% Profit before tax 10.77B---5.66B152.59% Net profit 10.79B---6.08B156.39% Net profit attributable to owners 10.53B---6.08B157.72%

Cash and cash equivalents 20.79B--19.43B6.56%16.95B12.75%13.86B18.22% Trade and bills receivables 176.59M--167.84M4.96%231.19M37.75%588.64M154.62% Inventories 38.25B--41.93B9.62%41.97B0.09%37.18B11.42% Total current assets 62.58B--63.58B1.61%61.32B3.56%54.58B11.00% Total assets 192.95B--195.40B1.27%187.65B3.97%171.74B8.48% Total current liabilities 78.17B--94.66B21.10%85.48B9.70%69.84B18.29% Total liabilities 104.88B--121.37B15.72%110.11B9.27%93.00B15.54% Equity attributable to owners 71.78B--62.83B12.48%72.03B14.65%77.69B7.85% Total equity 88.07B--74.04B15.93%77.54B4.73%78.74B1.56%

Cash and cash equivalents ----16.55B-- Trade and bills receivables ----552.89M-- Inventories ----38.30B-- Total current assets ----59.79B-- Total assets ----175.06B-- Total current liabilities ----75.67B-- Total liabilities ----94.85B-- Equity attributable to owners ----80.19B-- Total equity ----80.22B--

Net cash from operating activities 23.01B--9.89B57.01%37.54B279.50%30.06B19.94% Net cash from investing activities -15.93B---17.22B8.10%-13.25B23.07%-7.24B45.31% Net cash from financing activities 2.42B--3.20B32.16%-25.23B888.65%-22.88B9.32% Net change in cash 9.50B---4.13B143.50%-931.84M77.46%-66.50M92.86%

Net cash from operating activities 17.35B---2.22B112.82% Net cash from investing activities -5.93B---8.02B35.13% Net cash from financing activities -7.86B--11.16B241.93% Net change in cash 3.56B--851.05M76.07%