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

Consolidated

Consolidated Balance Sheet (B/S)

(in million yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Current assets 2,648.67 2,439.77 2,857.22
Illiquid assets 2,269.32 1,812.35 1,340.33
Total assets 4,917.98 4,252.12 4,197.55
Current liabilities 2,067.69 1,555.87 1,631.84
Illiquid debts 141.96 69.14 48.88
Total liabilities 2,209.65 1,625.01 1,680.72
Capital 737.56 737.56 368.78
Capital reserve 1,137.04 1,137.04 1,321.43
Profit reserve 136.44 123.16 111.05
Backlog profit 637.82 581.49 673.67
Minority stock holders' equity 55.04 43.56 37.60
Total stockholders' equity 2,708.33 2,627.11 2,516.83
Total Liabilities and shareholders' equity 4,917.98 4,252.12 4,197.55

Consolidated Profit and Loss Statement

(in million yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Sales 3,418.96 3,059.48 3,278.88
Operating profit 148.82 157.48 186.93
Gross profit 176.02 170.08 210.00
Net profit 151.58 148.69 181.14

Consolidated Cash Flow

(in million yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Cash flows from operating activities 219.21 264.56 230.04
Cash flows from investing activities (131.14) (7.61) (1,302.54)
Cash flows from financing activities (35.02) (26.48) 1,081.78
Gains (losses) from exchange-rate translation 0.93 0.57 (0.09)
Increases (decreases) in cash and cash equivalents 53.98 231.04 9.20
Cash and cash equivalent at the beginning of the term 384.84 153.80 144.59
Cash and cash equivalents at the term-end 438.81 384.84 153.80

Non-Consolidated

Unconsolidated balance sheet (B/S)

(in million yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Current assets 2,871.10 2,532.35 2,602.72
Illiquid assets 1,535.40 1,350.23 1,196.72
Total Assets 4,406.50 3,882.58 3,799.44
Current liabilities 1,685.17 1,292.37 1,311.52
Illiquid debts 137.73 65.79 47.75
Total liabilities 1,822.90 1,358.16 1,359.27
Capital  737.56 737.56 368.78
Capital reserve 1,136.94 1,136.94 1,321.33
Profit reserve 136.44 123.16 111.05
Backlog profit 568.22 522.45 634.71
Total stockholders' equity 2,583.60 2,524.41 2,440.17
Total Liabilities and shareholders' equity 4,406.50 3,882.58 3,799.44

Unconsolidated profit and loss statement,

(in million yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Sales 3,063.76 2,538.21 2,771.71
Operating profit 129.10 125.18 178.63
Gross profit 146.64 135.11 196.11
Net profit 132.81 121.12 173.26

Unconsolidated cash flow

(in million yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Cash flows from operating activities 190.35 133.27 227.83
Cash flows from investing activities (154.32) 52.12 (1,259.58)
Cash flows from financing activities (37.53) 49.46 1,101.90
Gains (losses) from exchange-rate translation 0.86 0.38 0.02
Increases (decreases) in cash and cash equivalents (0.64) 235.23 70.17
Cash and cash equivalent at the beginning of the term 341.14 105.91 35.74
Cash and cash equivalents at the term-end 340.51 341.14 105.91

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