Zhejiang Asia-Pacific Machine & Electric Co., Ltd.

Consolidated

Consolidated Balance Sheet (B/S)

(in million yuan)

  FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016
Current assets 3,265.72 3,710.19 2,648.67
Illiquid assets 2,590.80 2,541.83 2,269.32
Total assets 5,856.51 6,252.03 4,917.98
Current liabilities 2,037.52 2,404.89 2,067.69
Illiquid debts 990.45 941.65 141.96
Total liabilities 3,027.98 3,346.54 2,209.65
Capital 737.58 737.56 737.56
Capital reserve 1,136.77 1,137.04 1,137.04
Profit reserve 142.81 142.81 136.44
Backlog profit 574.04 640.34 637.82
Minority stock holders' equity 42.19 53.28 55.04
Total stockholders' equity 2,828.54 2,905.49 2,708.33
Total Liabilities and shareholders' equity 5,856.51 6,252.03 4,917.98

Consolidated Profit and Loss Statement

(in million yuan)

  FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016
Sales 3,904.49 3,963.56 3,418.96
Operating profit 21.75 106.47 148.49
Gross profit 19.87 107.27 176.02
Net profit 12.68 88.10 151.58

Consolidated Cash Flow

(in million yuan)

  FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016
Cash flows from operating activities 486.06 198.57 219.21
Cash flows from investing activities (338.69) (1,204.12) (131.14)
Cash flows from financing activities (374.18) 1,051.74 (35.02)
Gains (losses) from exchange-rate translation 0.14 (0.56) 0.93
Increases (decreases) in cash and cash equivalents (226.66) 45.64 53.98
Cash and cash equivalent at the beginning of the term 484.45 438.81 384.84
Cash and cash equivalents at the term-end 257.79 484.45 438.81

Non-Consolidated

Unconsolidated balance sheet (B/S)

(in million yuan)

  FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016
Current assets 3,498.29 4,051.96 2,871.10
Illiquid assets 1,813.65 1,613.72 1,535.40
Total Assets 5,311.94 5,665.68 4,406.50
Current liabilities 1,645.59 1,965.19 1,685.17
Illiquid debts 981.58 936.96 137.73
Total liabilities 2,627.17 2,902.15 1,822.90
Capital  737.58 737.56 737.56
Capital reserve 1,137.21 1,136.94 1,136.94
Profit reserve 142.81 142.81 136.44
Backlog profit 472.45 551.77 568.22
Total stockholders' equity 2,684.77 2,763.53 2,583.60
Total Liabilities and shareholders' equity 5,311.94 5,665.68 4,406.50

Unconsolidated profit and loss statement,

(in million yuan)

  FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016
Sales 3,195.47 3,299.41 3,063.76
Operating profit (6.07) 64.49 129.00
Gross profit (6.60) 66.23 146.64
Net profit (5.56) 63.67 132.81

Unconsolidated cash flow

(in million yuan)

  FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016
Cash flows from operating activities 286.17 205.26 190.35
Cash flows from investing activities (146.81) (1,138.33) (154.32)
Cash flows from financing activities (367.81) 1,021.05 (37.53)
Gains (losses) from exchange-rate translation 0.26 (0.69) 0.86
Increases (decreases) in cash and cash equivalents (228.19) 87.30 (0.64)
Cash and cash equivalent at the beginning of the term 427.80 340.51 341.14
Cash and cash equivalents at the term-end 199.61 427.80 340.51

Source : The Company's annual reports (data based on Chinese accounting standards)
             Fiscal years ending in Dec.