HUAZHONG IN-V 06830·

Gross margin 17.48%--21.17%3.68%25.65%4.48%----------------------------------------22.53%--24.26%1.73%27.07%2.81%27.35%0.28%21.68%5.67% Net margin 6.77%--4.32%2.45%10.56%6.24%----------------------------------------3.96%--6.11%2.15%2.62%3.49%2.56%0.06%1.44%1.12% ROE 38.62%--18.95%19.67%38.37%19.43%----------------------------------------4.30%--8.48%4.18%2.78%5.70%3.02%0.24%2.55%0.46% ROA 4.53%--2.76%1.78%6.89%4.13%----------------------------------------2.27%--3.62%1.35%1.42%2.20%1.25%0.17%0.81%0.44% Revenue growth ----9.43%--21.87%12.44%--------------------------------------------1.58%---3.86%5.43%-0.22%3.64%38.84%39.06% Attributable profit growth -----38.48%--199.23%237.71%--------------------------------------------113.72%---64.40%178.12%8.71%73.12%-14.15%22.87% Debt-to-assets 86.66%--85.44%1.22%81.88%3.55%----------------------------------------62.63%--55.97%6.66%54.41%1.56%58.64%4.23%65.91%7.27% Current ratio 0.79--0.870.080.960.10----------------------------------------0.90--1.250.341.220.031.110.100.970.14 Operating cash flow / net profit 3.38--2.640.741.401.25----------------------------------------1.98--1.290.693.942.647.533.595.422.11 Operating cash flow / revenue 22.89%--11.44%11.46%14.74%3.30%----------------------------------------7.84%--7.91%0.07%10.32%2.41%19.25%8.94%7.77%11.48%

Gross margin 27.36%--26.48%0.88% Net margin 2.52%--1.35%1.17% Revenue growth ----16.65%-- Attributable profit growth -----49.52%-- Debt-to-assets ----63.93%-- Current ratio ----1.02-- Operating cash flow / net profit 1.22--13.1111.88 Operating cash flow / revenue 3.08%--17.69%14.62%

Revenue 755.01M--826.22M9.43%1.01B21.87%----------------------------------------1.89B--1.92B1.58%1.85B3.86%1.85B0.22%2.56B38.84% Other income and gains 13.39M--7.38M44.87%9.99M35.37%----------------------------------------90.49M--105.25M16.31%27.97M73.42%47.76M70.73%44.19M7.46% Cost of sales 623.01M--651.32M4.55%748.66M14.94%------------------------------------------------------------ Gross profit 132.01M--174.89M32.49%258.25M47.66%----------------------------------------426.90M--466.92M9.37%500.92M7.28%505.04M0.82%555.78M10.05% Selling and distribution expenses 70.27M--67.42M4.04%75.62M12.16%----------------------------------------125.42M--120.67M3.78%127.56M5.71%129.27M1.35%147.01M13.72% Administrative expenses 37.47M--41.02M9.48%51.13M24.66%----------------------------------------267.21M--270.76M1.33%304.72M12.54%334.15M9.66%383.37M14.73% Net finance costs 22.57M--29.23M29.53%34.27M17.21%----------------------------------------36.09M--27.98M22.48%23.75M15.11%22.19M6.56%21.32M3.94% Income tax 9.50M--15.56M63.73%35.27M126.73%----------------------------------------28.12M--25.65M8.78%8.62M66.39%10.33M19.85%21.52M108.31% Operating profit 68.65M--69.31M0.97%157.70M127.52%----------------------------------------99.75M--152.07M52.46%49.77M67.27%53.87M8.23%57.69M7.08% Share of associates and JVs 4.88M--3.44M29.37%8.63M150.71%----------------------------------------30.23M--12.98M57.07%26.06M100.86%24.43M6.26%20.07M17.85% Profit before tax 60.63M--51.29M15.41%141.65M176.19%----------------------------------------103.20M--143.30M38.86%57.09M60.16%57.58M0.86%58.33M1.30% Net profit 51.13M--35.73M30.12%106.37M197.72%----------------------------------------75.08M--117.65M56.70%48.46M58.81%47.25M2.51%36.80M22.11% Net profit attributable to owners 57.50M--35.37M38.48%105.84M199.23%----------------------------------------50.67M--108.30M113.72%38.55M64.40%41.91M8.71%35.98M14.15%

Revenue 955.05M--1.11B16.65% Other income and gains 22.98M--23.86M3.79% Cost of sales 693.75M--819.07M18.06% Gross profit 261.30M--294.98M12.89% Selling and distribution expenses 71.01M--81.28M14.46% Administrative expenses 182.37M--185.85M1.91% Net finance costs 11.06M--10.52M4.90% Income tax 5.44M--6.71M23.47% Share of associates and JVs -200.00K---60.00K70.00% Profit before tax 29.48M--21.75M26.21% Net profit 24.04M--15.04M37.45% Net profit attributable to owners 25.89M--13.07M49.52%

Cash and cash equivalents 12.43M--98.87M695.54%30.08M69.58%----------------------------------------61.68M--114.84M86.21%112.22M2.29%161.14M43.60%62.50M61.22% Trade and bills receivables 193.81M--246.07M26.96%305.39M24.11%----------------------------------------815.35M--706.69M13.33%790.24M11.82%908.32M14.94%1.37B50.69% Inventories 124.04M--73.37M40.85%89.47M21.94%----------------------------------------322.95M--418.15M29.48%464.54M11.09%611.67M31.67%807.28M31.98% Total current assets 769.18M--953.75M24.00%1.14B19.63%----------------------------------------1.69B--1.86B9.85%1.76B5.29%2.02B14.80%2.67B31.89% Total assets 1.13B--1.30B14.86%1.54B19.27%----------------------------------------3.31B--3.25B1.86%3.41B4.94%3.78B11.05%4.53B19.77% Total current liabilities 971.94M--1.10B13.26%1.19B7.75%----------------------------------------1.87B--1.49B20.33%1.45B2.97%1.82B25.37%2.74B50.81% Total liabilities 977.10M--1.11B13.24%1.26B14.31%----------------------------------------2.07B--1.82B12.29%1.85B2.02%2.22B19.67%2.99B34.63% Equity attributable to owners 148.89M--186.68M25.38%275.81M47.74%----------------------------------------1.18B--1.28B8.44%1.39B8.57%1.39B0.16%1.41B1.41% Total equity 150.41M--188.60M25.39%279.84M48.37%----------------------------------------1.24B--1.43B15.61%1.55B8.64%1.57B0.75%1.55B1.28%

Cash and cash equivalents ----125.94M-- Trade and bills receivables ----1.03B-- Inventories ----808.81M-- Total current assets ----2.36B-- Total assets ----4.26B-- Total current liabilities ----2.33B-- Total liabilities ----2.72B-- Equity attributable to owners ----1.40B-- Total equity ----1.54B--

Net cash from operating activities 172.86M--94.48M45.34%148.42M57.09%----------------------------------------148.63M--152.25M2.44%190.91M25.39%355.54M86.24%199.35M43.93% Net cash from investing activities -380.31M---126.21M66.81%-105.43M16.46%-----------------------------------------113.59M--13.63M112.00%-174.88M1382.77%-272.49M55.81%-240.64M11.69% Net cash from financing activities 204.16M--118.17M42.12%-111.78M194.59%-----------------------------------------67.80M---113.22M66.99%-19.28M82.97%-33.84M75.49%-57.31M69.37% Net change in cash -3.30M--86.44M2722.63%-68.79M179.58%-----------------------------------------32.75M--52.67M260.81%-3.25M106.18%49.22M1612.23%-98.60M300.31%

Net cash from operating activities 29.38M--197.13M570.87% Net cash from investing activities -75.48M---150.00M98.73% Net cash from financing activities 4.83M--17.09M253.97% Net change in cash -41.27M--64.22M255.61%