M&L HOLDINGS 08152·

Gross margin 23.98%--29.62%5.65%----------------24.51%--33.61%9.10%36.07%2.46%34.66%1.41%42.80%8.15% Net margin 8.81%--8.92%0.10%-----------------10.77%---9.85%0.92%4.72%14.57%-19.23%23.95%11.44%30.66% ROE 37.83%--23.86%13.97%-----------------8.86%---8.97%0.11%6.67%15.64%-12.96%19.63%8.41%21.37% ROA 12.12%--12.48%0.37%-----------------4.66%---4.40%0.26%4.02%8.42%-7.73%11.75%5.47%13.20% Revenue growth -----20.24%----------------------10.60%--79.19%68.59%-55.00%134.18%18.61%73.61% Attributable profit growth -----20.00%-----------------------1.93%--182.68%184.61%-290.28%472.96%171.68%461.96% Debt-to-assets 68.01%--48.21%19.80%----------------47.97%--51.12%3.15%42.03%9.09%40.54%1.49%34.21%6.33% Current ratio 1.42--1.920.49----------------1.87--1.690.182.050.362.460.412.300.16 Operating cash flow / net profit 0.61--1.200.59----------------0.00---0.920.921.162.08-0.471.63-0.340.13 Operating cash flow / revenue 5.38%--10.70%5.31%-----------------0.04%--9.05%9.09%5.47%3.58%9.10%3.63%-3.92%13.02%

Gross margin 42.42%--41.37%1.05% Net margin -16.28%--7.37%23.65% Revenue growth ----228.72%-- Attributable profit growth ----251.09%-- Debt-to-assets ----36.02%-- Current ratio ----2.23-- Operating cash flow / net profit -0.09--1.581.67 Operating cash flow / revenue 1.51%--11.65%10.15%

Revenue 310.10M--247.35M20.24%----------------70.31M--77.76M10.60%139.33M79.19%62.70M55.00%74.37M18.61% Other income and gains 693.00K--367.00K47.04%----------------803.70K--1.47M82.61%505.67K65.55%453.76K10.27%36.13K92.04% Cost of sales 235.75M--174.08M26.16%------------------------------------ Gross profit 74.35M--73.27M1.46%----------------17.23M--26.14M51.68%50.26M92.29%21.73M56.76%31.83M46.49% Selling and distribution expenses 7.87M--7.27M7.62%----------------2.63M--3.56M35.25%12.41M248.96%3.71M70.11%6.21M67.38% Administrative expenses 32.07M--39.60M23.51%----------------21.65M--23.91M10.39%24.73M3.45%25.08M1.42%24.95M0.54% Net finance costs 208.00K--800.00K284.62%----------------1.77M--1.87M5.88%2.74M46.01%1.99M27.34%1.25M37.16% Income tax 7.49M--4.97M33.65%----------------25.35K--112.55K344.07%1.98M1658.46%313.93K84.14%474.19K51.05% Operating profit 35.03M--27.83M20.57%-----------------5.79M---6.00M3.58%11.01M283.49%-10.68M196.95%9.97M193.37% Profit before tax 34.83M--27.03M22.39%-----------------7.55M---7.77M2.99%8.56M210.14%-12.37M244.50%8.98M172.59% Net profit 27.33M--22.06M19.30%-----------------7.57M---7.66M1.16%6.58M185.92%-12.06M283.18%8.50M170.55% Net profit attributable to owners 26.44M--21.15M20.00%-----------------7.41M---7.55M1.93%6.24M182.68%-11.88M290.28%8.51M171.68%

Revenue 19.46M--63.96M228.72% Other income and gains 13.00K--41.00K215.38% Cost of sales 11.20M--37.50M234.74% Gross profit 8.25M--26.46M220.56% Selling and distribution expenses 1.26M--7.26M477.96% Administrative expenses 13.63M--14.40M5.65% Net finance costs 802.00K--571.00K28.80% Income tax 78.00K--2.14M2643.59% Operating profit -2.59M--7.27M380.22% Profit before tax -3.25M--6.85M311.15% Net profit -3.17M--4.71M248.80% Net profit attributable to owners -3.08M--4.65M251.09%

Cash and cash equivalents 63.95M--44.36M30.64%----------------21.23M--25.22M18.80%25.65M1.69%21.66M15.55%15.46M28.62% Trade and bills receivables 102.70M--75.44M26.54%----------------78.25M--73.16M6.51%70.50M3.63%60.71M13.89%66.03M8.76% Inventories 38.92M--29.59M23.97%----------------28.42M--38.36M34.98%29.96M21.90%28.79M3.91%34.20M18.81% Total current assets 209.83M--160.66M23.43%----------------128.23M--137.09M6.91%126.44M7.77%137.00M8.36%118.80M13.29% Total assets 225.56M--176.66M21.68%----------------162.52M--174.04M7.08%163.67M5.96%155.96M4.71%155.49M0.30% Total current liabilities 147.46M--83.78M43.19%----------------68.46M--81.16M18.55%61.80M23.85%55.77M9.77%51.61M7.45% Total liabilities 153.41M--85.17M44.48%----------------77.97M--88.97M14.11%68.79M22.68%63.22M8.09%53.19M15.87% Equity attributable to owners 69.88M--88.63M26.83%----------------83.61M--84.17M0.66%93.63M11.24%91.64M2.13%101.24M10.47% Total equity 72.16M--91.48M26.79%----------------84.55M--85.06M0.60%94.88M11.54%92.74M2.25%102.30M10.31%

Cash and cash equivalents ----25.26M-- Trade and bills receivables ----69.60M-- Inventories ----43.77M-- Total current assets ----144.36M-- Total assets ----185.14M-- Total current liabilities ----64.76M-- Total liabilities ----66.68M-- Equity attributable to owners ----117.23M-- Total equity ----118.45M--

Net cash from operating activities 16.69M--26.46M58.50%-----------------30.25K--7.04M23365.44%7.62M8.24%5.71M25.09%-2.91M151.08% Net cash from investing activities -832.00K---7.14M757.69%-----------------643.45K---477.01K25.87%-798.38K67.37%-673.23K15.68%6.79M1108.09% Net cash from financing activities 6.14M---38.54M727.47%----------------4.73M---4.36M192.14%-6.74M54.56%-9.24M37.03%-10.85M17.47% Net change in cash 22.00M---19.21M187.33%----------------4.06M--2.20M45.80%78.84K96.42%-4.20M5431.35%-6.98M66.00%

Net cash from operating activities 293.00K--7.45M2443.69% Net cash from investing activities 15.05M---241.00K101.60% Net cash from financing activities -8.23M--829.00K110.08% Net change in cash 7.12M--8.04M12.98%