ZHONGSHI MINAN 08283·

Gross margin ----------------------------46.48%--45.97%0.51%50.92%4.94%50.55%0.37%49.19%1.36% Net margin -----------------------------2.76%---0.31%2.45%-6.40%6.09%5.46%11.87%-24.39%29.85% ROE -----------------------------7.33%---0.99%6.34%-1.98%0.99%16.80%18.78%-48.74%65.55% ROA -----------------------------2.84%---0.37%2.47%-7.23%6.86%4.69%11.92%-17.91%22.61% Revenue growth --------------------------------28.10%--4.97%23.14%-21.79%26.75%-3.57%18.22% Attributable profit growth --------------------------------85.26%---96.42%181.68%1139.80%1236.22%-380.03%1519.83% Debt-to-assets ----------------------------61.31%--61.62%0.31%71.10%9.48%59.87%11.23%66.72%6.84% Current ratio ----------------------------1.65--1.330.331.650.321.570.081.300.27 Operating cash flow / net profit -----------------------------4.74---31.8527.11-0.3431.502.883.231.231.65 Operating cash flow / revenue ----------------------------13.08%--9.85%3.23%2.21%7.65%15.75%13.54%-30.12%45.86%

Net margin -28.02%---34.48%6.45% Revenue growth ----0.65%-- Attributable profit growth -----22.90%-- Debt-to-assets ----39.52%-- Current ratio ----2.70-- Operating cash flow / net profit 1.47--5.463.99 Operating cash flow / revenue -41.18%---188.31%147.12%

Revenue ----------------------------95.46M--122.28M28.10%128.36M4.97%100.39M21.79%96.81M3.57% Other income and gains ----------------------------3.42M--5.85M71.32%8.38M43.26%12.29M46.57%1.68M86.36% Gross profit ----------------------------44.37M--56.22M26.71%65.35M16.26%50.74M22.35%47.62M6.17% Selling and distribution expenses ----------------------------542.56K--2.20M305.05%2.90M31.88%4.62M59.37%4.88M5.65% Net finance costs ----------------------------953.02K--513.13K46.16%462.44K9.88%894.00K93.32%1.01M12.96% Income tax ----------------------------556.71K--907.04K62.93%1.44M58.88%686.46K52.37%---- Operating profit -----------------------------1.13M--1.04M192.39%-6.31M705.95%7.07M211.94%-22.60M419.78% Profit before tax -----------------------------2.08M--528.68K125.41%-6.78M1381.55%6.17M191.11%-23.61M482.46% Net profit -----------------------------2.64M---378.37K85.65%-8.22M2071.54%5.49M166.77%-23.61M530.31% Net profit attributable to owners -----------------------------2.64M---388.73K85.26%-763.56K96.42%7.94M1139.80%-22.23M380.03%

Revenue 8.21M--8.26M0.65% Other income and gains 416.00K--1.13M170.91% Cost of sales 4.63M--3.83M17.22% Selling and distribution expenses 57.00K--157.00K175.44% Administrative expenses 2.94M--3.13M6.47% Net finance costs 63.00K--93.00K47.62% Income tax 0--0-- Profit before tax -2.30M---2.85M23.83% Net profit -2.30M---2.85M23.83% Net profit attributable to owners -2.16M---2.65M22.90%

Cash and cash equivalents ----------------------------19.49M--15.49M20.54%15.76M1.73%28.47M80.73%11.86M58.36% Trade and bills receivables ----------------------------4.56M--5.88M28.83%7.47M27.17%5.66M24.25%9.99M76.52% Inventories ----------------------------4.60M--6.70M45.69%3.60M46.24%6.47M79.46%6.91M6.88% Total current assets ----------------------------62.71M--67.45M7.56%80.13M18.80%86.73M8.25%97.46M12.37% Total assets ----------------------------93.02M--102.30M9.98%113.65M11.09%116.87M2.83%131.81M12.78% Total current liabilities ----------------------------37.93M--50.81M33.97%48.55M4.46%55.32M13.96%75.19M35.91% Total liabilities ----------------------------57.03M--63.04M10.53%80.81M28.19%69.98M13.40%87.94M25.67% Equity attributable to owners ----------------------------35.99M--39.26M9.08%38.64M1.57%47.25M22.29%45.61M3.47% Total equity ----------------------------35.99M--39.27M9.11%32.84M16.36%46.90M42.79%43.87M6.45%

Cash and cash equivalents ----2.17M-- Trade and bills receivables ----1.35M-- Inventories ----1.01M-- Total current assets ----27.68M-- Total assets ----35.13M-- Total current liabilities ----10.26M-- Total liabilities ----13.88M-- Equity attributable to owners ----21.76M-- Total equity ----21.25M--

Net cash from operating activities ----------------------------12.49M--12.05M3.50%2.83M76.48%15.81M457.91%-29.15M284.41% Net cash from investing activities ----------------------------155.69K---6.75M4437.82%1.66M124.52%-1.53M192.54%-9.46M517.25% Net cash from financing activities -----------------------------1.50M---11.33M657.59%-5.12M54.77%-1.36M73.42%22.11M1723.22% Net change in cash ----------------------------11.15M---6.03M154.12%-634.51K89.48%12.92M2135.44%-16.50M227.77%

Net cash from operating activities -3.38M---15.55M360.18% Net cash from investing activities -1.55M--445.00K128.65% Net cash from financing activities 1.35M--15.11M1021.90% Net change in cash -3.59M--3.00K100.08%