CHINARES BEER-R 80291·

Gross margin ------------------------------------------------------------39.16%--38.46%0.70%41.36%2.91%42.64%1.28%43.07%0.43% Net margin ------------------------------------------------------------13.75%--12.34%1.41%13.39%1.06%12.32%1.07%8.36%3.96% ROE ------------------------------------------------------------18.77%--16.07%2.71%17.01%0.94%14.95%2.06%10.45%4.50% ROA ------------------------------------------------------------8.99%--7.59%1.40%7.29%0.30%6.87%0.42%4.62%2.24% Revenue growth ----------------------------------------------------------------5.62%--10.40%4.79%-0.76%11.17%-1.68%0.92% Attributable profit growth -----------------------------------------------------------------5.30%--18.62%23.92%-8.03%26.66%-28.87%20.83% Debt-to-assets ------------------------------------------------------------52.03%--52.76%0.72%52.22%0.54%48.66%3.56%47.60%1.06% Current ratio ------------------------------------------------------------0.75--0.880.130.700.180.600.100.820.22 Operating cash flow / net profit ------------------------------------------------------------1.09--1.570.490.800.781.460.662.250.79 Operating cash flow / revenue ------------------------------------------------------------14.96%--19.41%4.45%10.66%8.76%17.93%7.27%18.76%0.83%

Gross margin 48.88%--47.65%1.23% Net margin 24.05%--20.93%3.12% Revenue growth ----1.24%-- Attributable profit growth -----10.71%-- Debt-to-assets ----47.57%-- Current ratio ----0.97-- Operating cash flow / net profit ----1.33-- Operating cash flow / revenue ----27.76%--

Revenue ------------------------------------------------------------33.39B--35.26B5.62%38.93B10.40%38.63B0.76%37.98B1.68% Other income and gains ------------------------------------------------------------3.54B--2.18B38.39%2.65B21.44%1.93B27.05%-832.00M143.02% Gross profit ------------------------------------------------------------13.07B--13.56B3.72%16.10B18.74%16.48B2.31%16.36B0.70% Selling and distribution expenses ------------------------------------------------------------6.74B--6.75B0.10%8.06B19.48%8.38B3.88%7.72B7.84% Administrative expenses ------------------------------------------------------------3.62B--3.32B8.26%3.36B1.27%3.30B1.75%3.17B4.15% Net finance costs ------------------------------------------------------------19.00M--79.00M315.79%244.00M208.86%94.00M61.48%75.00M20.21% Income tax ------------------------------------------------------------1.62B--1.18B27.51%1.86B58.23%1.89B1.39%2.13B12.86% Operating profit ------------------------------------------------------------6.25B--5.67B9.29%7.33B29.13%6.73B8.18%4.64B31.02% Share of associates and JVs -------------------------------------------------------------21.00M---67.00M219.05%-5.00M92.54%15.00M400.00%741.00M4840.00% Profit before tax ------------------------------------------------------------6.21B--5.53B11.05%7.08B28.04%6.65B6.06%5.31B20.18% Net profit ------------------------------------------------------------4.59B--4.35B5.23%5.21B19.86%4.76B8.73%3.17B33.31% Net profit attributable to owners ------------------------------------------------------------4.59B--4.34B5.30%5.15B18.62%4.74B8.03%3.37B28.87%

Revenue 23.94B--24.24B1.24% Other income and gains 1.00B--839.00M16.10% Cost of sales 12.24B--12.69B3.69% Gross profit 11.70B--11.55B1.31% Selling and distribution expenses 3.74B--3.81B1.93% Administrative expenses 1.82B--1.59B12.44% Net finance costs 14.00M--50.00M257.14% Income tax 1.99B--1.82B8.69% Share of associates and JVs 613.00M---48.00M107.83% Profit before tax 7.75B--6.89B11.06% Net profit 5.76B--5.07B11.88% Net profit attributable to owners 5.79B--5.17B10.71%

Cash and cash equivalents ------------------------------------------------------------5.38B--10.21B89.88%5.52B45.92%3.82B30.87%6.92B81.29% Trade and bills receivables ------------------------------------------------------------3.44B--2.61B23.98%1.51B42.34%1.65B9.30%1.60B2.67% Inventories ------------------------------------------------------------6.46B--7.40B14.62%9.50B28.37%9.64B1.45%9.24B4.15% Total current assets ------------------------------------------------------------15.90B--20.88B31.33%17.14B17.90%15.63B8.83%21.21B35.72% Total assets ------------------------------------------------------------51.05B--57.31B12.26%71.52B24.80%69.31B3.10%68.63B0.97% Total current liabilities ------------------------------------------------------------21.17B--23.67B11.79%24.36B2.95%26.05B6.94%25.76B1.14% Total liabilities ------------------------------------------------------------26.56B--30.24B13.82%37.35B23.53%33.72B9.71%32.67B3.13% Equity attributable to owners ------------------------------------------------------------24.43B--27.04B10.67%30.30B12.04%31.69B4.61%32.26B1.80% Total equity ------------------------------------------------------------24.49B--27.08B10.57%34.17B26.21%35.59B4.13%35.96B1.07%

Cash and cash equivalents ----13.98B-- Trade and bills receivables ----3.89B-- Inventories ----8.31B-- Total current assets ----28.18B-- Total assets ----74.72B-- Total current liabilities ----28.97B-- Total liabilities ----35.55B-- Equity attributable to owners ----35.57B-- Total equity ----39.18B--

Net cash from operating activities ------------------------------------------------------------5.00B--6.85B37.06%4.15B39.40%6.93B66.98%7.13B2.87% Net cash from investing activities -------------------------------------------------------------2.75B---1.06B61.53%-9.69B815.60%-2.13B77.96%-2.29B7.21% Net cash from financing activities -------------------------------------------------------------1.37B---811.00M40.63%927.00M214.30%-6.49B800.54%-1.72B73.59% Net change in cash ------------------------------------------------------------879.00M--4.98B466.21%-4.61B192.65%-1.70B63.11%3.12B283.60%

Net cash from operating activities ----6.73B--