G & M HLDGS 06038·

Gross margin 33.31%--32.48%0.83%33.05%0.57%----------------23.03%--25.48%2.45%21.53%3.95%26.66%5.13%26.32%0.34% Net margin 20.66%--21.25%0.58%18.28%2.96%----------------9.13%--11.34%2.21%11.48%0.14%10.06%1.42%14.61%4.55% ROE 45.77%--54.53%8.76%60.34%5.81%----------------14.30%--14.99%0.69%18.18%3.19%15.59%2.59%18.68%3.09% ROA 23.28%--27.55%4.27%30.60%3.05%----------------9.01%--10.75%1.74%11.76%1.00%8.83%2.93%11.53%2.70% Revenue growth ----44.62%--25.18%19.45%--------------------3.72%--31.62%27.90%-11.66%43.29%-13.57%1.91% Attributable profit growth ----50.13%--8.41%41.71%--------------------28.86%--33.24%4.37%-22.57%55.81%25.50%48.07% Debt-to-assets 49.30%--49.13%0.17%49.32%0.19%----------------37.01%--28.26%8.75%35.33%7.07%43.38%8.05%38.28%5.09% Current ratio 1.99--2.020.031.980.04----------------2.74--3.610.882.650.972.280.372.610.33 Operating cash flow / net profit 0.40--2.051.650.101.95-----------------1.37--2.784.152.340.443.731.390.912.82 Operating cash flow / revenue 8.32%--43.63%35.31%1.92%41.71%-----------------12.48%--31.56%44.04%26.85%4.71%37.55%10.70%13.31%24.24%

Gross margin 25.72%--34.49%8.77% Net margin 16.49%--18.13%1.64% Revenue growth -----47.14%-- Attributable profit growth -----41.90%-- Debt-to-assets ----24.74%-- Current ratio ----4.07--

Revenue 151.30M--218.82M44.62%273.91M25.18%----------------329.67M--341.93M3.72%450.06M31.62%397.56M11.66%343.60M13.57% Other income and gains 544.00K--588.00K8.09%17.00K97.11%----------------199.49K--4.43M2118.69%5.25M18.69%10.79M105.40%6.68M38.12% Cost of sales 100.91M--147.75M46.42%183.39M24.12%------------------------------------ Gross profit 50.39M--71.07M41.03%90.52M27.38%----------------75.92M--87.13M14.76%96.88M11.20%105.99M9.40%90.45M14.67% Administrative expenses 13.27M--14.14M6.53%20.64M45.97%----------------39.17M--44.17M12.77%39.85M9.78%33.91M14.91%38.28M12.90% Net finance costs 324.00K--466.00K43.83%559.00K19.96%----------------655.72K--786.08K19.88%646.13K17.80%682.49K5.63%407.35K40.31% Income tax 6.07M--9.37M54.28%11.82M26.18%----------------6.06M--7.50M23.87%9.79M30.47%11.80M20.49%8.74M25.93% Operating profit ----------------------------36.80M--47.06M27.88%62.09M31.94%52.47M15.49%59.34M13.08% Profit before tax 37.34M--55.86M49.61%61.90M10.81%----------------36.15M--46.27M28.02%61.45M32.79%51.79M15.71%58.93M13.78% Net profit 31.27M--46.49M48.70%50.08M7.71%----------------30.09M--38.77M28.86%51.66M33.24%40.00M22.57%50.19M25.50% Net profit attributable to owners 30.75M--46.17M50.13%50.05M8.41%----------------30.09M--38.77M28.86%51.66M33.24%40.00M22.57%50.19M25.50%

Revenue 239.26M--126.47M47.14% Other income and gains 3.64M---77.00K102.12% Cost of sales 177.73M--82.85M53.38% Gross profit 61.53M--43.62M29.10% Administrative expenses 19.55M--16.85M13.82% Net finance costs 234.00K--288.00K23.08% Income tax 6.29M--3.39M46.07% Profit before tax 45.75M--26.32M42.47% Net profit 39.46M--22.93M41.90% Net profit attributable to owners 39.46M--22.93M41.90%

Cash and cash equivalents 52.12M--115.10M120.85%48.48M57.88%----------------72.21M--34.68M51.97%50.69M46.16%206.24M306.85%349.82M69.61% Trade and bills receivables 23.25M--18.93M18.59%74.22M292.12%--------------------72.42M--106.81M47.49%60.04M43.79%18.48M69.22% Inventories 1.03M--1.15M11.13%976.00K14.98%----------------1.82M--792.33K56.43%896.25K13.12%944.56K5.39%552.77K41.48% Total current assets 130.88M--166.98M27.59%159.84M4.28%----------------319.45M--350.11M9.60%404.18M15.44%447.27M10.66%428.39M4.22% Total assets 134.31M--168.75M25.64%163.66M3.02%----------------333.98M--360.59M7.97%439.37M21.85%453.00M3.10%435.33M3.90% Total current liabilities 65.83M--82.72M25.66%80.71M2.44%----------------116.80M--96.92M17.02%152.79M57.64%196.31M28.48%164.26M16.33% Total liabilities 66.22M--82.90M25.19%80.71M2.65%----------------123.60M--101.89M17.56%155.21M52.33%196.49M26.60%166.65M15.19% Equity attributable to owners 67.19M--84.66M26.00%82.95M2.03%----------------210.38M--258.70M22.97%284.16M9.84%256.50M9.73%268.68M4.75% Total equity 68.09M--85.84M26.07%82.95M3.37%----------------210.38M--258.70M22.97%284.16M9.84%256.50M9.73%268.68M4.75%

Cash and cash equivalents ----325.03M-- Trade and bills receivables ----32.37M-- Inventories ----788.00K-- Total current assets ----418.74M-- Total assets ----425.76M-- Total current liabilities ----102.79M-- Total liabilities ----105.34M-- Equity attributable to owners ----320.42M-- Total equity ----320.42M--

Net cash from operating activities 12.58M--95.46M658.67%5.25M94.50%-----------------41.15M--107.92M362.24%120.82M11.96%149.28M23.55%45.75M69.36% Net cash from investing activities 3.77M--608.00K83.88%-20.64M3494.08%-----------------4.14M---124.73M2911.93%-72.03M42.25%82.78M214.92%106.18M28.27% Net cash from financing activities 2.72M---33.09M1317.74%-51.24M54.87%-----------------4.47M---27.28M510.58%-33.24M21.86%-77.55M133.32%-3.27M95.78% Net change in cash 19.07M--62.98M230.25%-66.62M205.77%-----------------49.76M---44.09M11.40%15.56M135.28%154.50M893.26%148.66M3.78%