LI NING-R 82331·

Gross margin ------------------------------------------------------------53.03%--48.38%4.64%48.38%0.00%49.37%0.99%48.95%0.41% Net margin ------------------------------------------------------------17.77%--15.75%2.02%11.55%4.20%10.51%1.04%9.92%0.59% ROE ------------------------------------------------------------19.01%--16.70%2.30%13.06%3.65%11.54%1.52%10.63%0.92% ROA ------------------------------------------------------------13.25%--12.08%1.17%9.32%2.76%8.44%0.88%7.78%0.65% Revenue growth ----------------------------------------------------------------14.31%--6.96%7.36%3.90%3.05%3.22%0.68% Attributable profit growth ----------------------------------------------------------------1.32%---21.58%22.90%-5.46%16.12%-2.56%2.90% Debt-to-assets ------------------------------------------------------------30.29%--27.68%2.61%28.65%0.97%26.90%1.75%26.74%0.15% Current ratio ------------------------------------------------------------2.42--1.710.711.880.172.710.832.850.14 Operating cash flow / net profit ------------------------------------------------------------1.63--0.960.661.470.511.750.281.650.10 Operating cash flow / revenue ------------------------------------------------------------28.91%--15.17%13.74%16.99%1.82%18.37%1.38%16.39%1.98%

Gross margin 50.04%--50.87%0.83% Net margin 11.73%--11.92%0.19% Revenue growth ----2.82%-- Attributable profit growth ----4.53%-- Debt-to-assets ----25.45%-- Current ratio ----2.82-- Operating cash flow / net profit 1.39--0.530.86 Operating cash flow / revenue 16.27%--6.26%10.01%

Revenue ------------------------------------------------------------22.57B--25.80B14.31%27.60B6.96%28.68B3.90%29.60B3.22% Other income and gains ------------------------------------------------------------400.35M--805.16M101.12%523.67M34.96%154.19M70.56%228.43M48.15% Gross profit ------------------------------------------------------------11.97B--12.48B4.31%13.35B6.95%14.16B6.02%14.49B2.35% Selling and distribution expenses ------------------------------------------------------------6.14B--7.31B19.16%9.08B24.14%9.20B1.31%9.19B0.10% Administrative expenses ------------------------------------------------------------1.11B--1.11B0.23%1.26B12.84%1.43B13.67%1.63B14.18% Net finance costs ------------------------------------------------------------112.46M--120.56M7.21%181.45M50.50%254.42M40.22%263.59M3.60% Income tax ------------------------------------------------------------1.32B--1.35B2.58%1.07B20.88%1.10B2.57%1.25B14.30% Operating profit ------------------------------------------------------------5.14B--4.89B4.86%3.56B27.17%3.68B3.35%3.90B5.98% Share of associates and JVs ------------------------------------------------------------------------256.30M--257.90M0.62% Profit before tax ------------------------------------------------------------5.33B--5.42B1.63%4.26B21.40%4.11B3.44%4.19B1.94% Net profit ------------------------------------------------------------4.01B--4.06B1.32%3.19B21.58%3.01B5.46%2.94B2.56% Net profit attributable to owners ------------------------------------------------------------4.01B--4.06B1.32%3.19B21.58%3.01B5.46%2.94B2.56%

Revenue 14.82B--15.24B2.82% Other income and gains 93.89M--70.45M24.96% Cost of sales 7.40B--7.48B1.12% Gross profit 7.41B--7.75B4.53% Selling and distribution expenses 4.29B--4.64B8.08% Administrative expenses 776.64M--720.21M7.27% Net finance costs 34.31M--95.27M177.70% Income tax 869.09M--631.50M27.34% Operating profit 2.44B--2.45B0.55% Share of associates and JVs 133.72M--91.06M31.90% Profit before tax 2.61B--2.45B6.09% Net profit 1.74B--1.82B4.53% Net profit attributable to owners 1.74B--1.82B4.53%

Cash and cash equivalents ------------------------------------------------------------14.74B--7.38B49.93%5.44B26.26%7.50B37.74%16.72B122.93% Trade and bills receivables ------------------------------------------------------------902.86M--1.02B13.01%1.21B18.15%1.00B16.67%1.39B38.23% Inventories ------------------------------------------------------------1.77B--2.43B36.96%2.49B2.68%2.60B4.21%2.69B3.68% Total current assets ------------------------------------------------------------18.67B--12.39B33.62%13.65B10.15%20.53B50.36%22.95B11.80% Total assets ------------------------------------------------------------30.27B--33.65B11.14%34.21B1.67%35.71B4.39%37.71B5.62% Total current liabilities ------------------------------------------------------------7.70B--7.24B6.01%7.27B0.38%7.59B4.37%8.06B6.26% Total liabilities ------------------------------------------------------------9.17B--9.31B1.57%9.80B5.22%9.60B2.00%10.09B5.02% Equity attributable to owners ------------------------------------------------------------21.10B--24.33B15.30%24.41B0.32%26.10B6.95%27.63B5.84% Total equity ------------------------------------------------------------21.10B--24.33B15.29%24.41B0.31%26.10B6.95%27.63B5.84%

Cash and cash equivalents ----13.00B-- Trade and bills receivables ----1.34B-- Inventories ----2.70B-- Total current assets ----20.86B-- Total assets ----38.44B-- Total current liabilities ----7.39B-- Total liabilities ----9.78B-- Equity attributable to owners ----28.66B-- Total equity ----28.66B--

Net cash from operating activities ------------------------------------------------------------6.53B--3.91B40.02%4.69B19.79%5.27B12.37%4.85B7.90% Net cash from investing activities -------------------------------------------------------------6.54B---9.48B45.00%-2.45B74.17%-839.62M65.72%6.63B890.12% Net cash from financing activities ------------------------------------------------------------7.60B---1.89B124.85%-4.22B123.42%-2.32B44.88%-2.16B7.28% Net change in cash ------------------------------------------------------------7.58B---7.46B198.32%-1.98B73.47%2.10B206.37%9.33B343.45%

Net cash from operating activities 2.41B--953.76M60.44% Net cash from investing activities -----3.51B-- Net cash from financing activities -----1.05B-- Net change in cash -----3.71B--