(股份代號: 00894) (Stock Code: 00894) Save Oil, Save Minerals, Fresh Air, Green Future Save Oil, Save Minerals, Fresh Air, Green Future Tomorrow Starts Here Tomorrow Starts Here 2018 中期報告 本報告以環保紙印製 2018 Interim Report

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,,,, UFJ Clarendon House, 2 Church Street Hamilton HM 11, Bermuda 8 6 03 2018 2

MUFG Fund Services (Bermuda) Limited The Belvedere Building 69 Pitts Bay Road Pembroke HM08 Bermuda 183 22 www.manyue.com ir@manyue.com 00894 3 2018

6 30 2018 2017 690,616 538,466 +28.3% 143,350 114,770 +24.9% EBITDA 78,656 74,012 +6.3% 25,443 19,537 +30.2% 6.14 3.97 +54.7% 20182018 6 30 28.3%690,616,000 143,350,000 201724.9% 21.3%201820.8% 30.2% 25,443,000 2018 4

21 2018 2018 6 3028.3% 2019 5 2018

2018 6 30185,058,000 2017 12 31312,702,000 834,935,000 2017 12 31847,079,000 125 692,808,000142,127,000 2017 12 31718,795,000 128,284,000 2018 6 30 834,935,000 2017 12 31847,079,000 2018 6 30 484,452,000 2017 12 31509,822,000 1,551,028,000 2017 12 311,610,825,0001,066,576,000 2017 12 311,101,003,000 1.45 2017 12 311.46 2018 6

2018 2019 2018 6 30 57 2017 12 3160 3,474 2017 12 313,254 7 2018

9 38 2018 6 30 34 34 2410 2018 6 30 34 10 8 2018 8 15 2018 8

6 30 2018 2017 6 7 690,616 538,466 (547,266) (423,696) 143,350 114,770 8 3,214 3,772 / 9 (4,702) 17,004 (39,911) (28,080) (70,055) (61,869) (3,558) (1,915) 10 28,338 43,682 11 1,255 (3,554) 12 (14,465) (15,028) 13 2,471 2,000 16,579 153 34,178 27,253 14 (8,735) (7,716) 25,443 19,537 / 29,215 18,859 (3,772) 678 25,443 19,537 15 6.14 3.97 6.14 3.97 16 38 9 2018

6 30 2018 2017 25,443 19,537 6,920 (19,890) 63,866 (12,970) 63,866 12,473 83,403 17,245 79,512 (4,772) 3,891 12,473 83,403 16 38 2018 10

2018 6 30 2017 12 31 17 578,527 602,264 18 65,042 68,718 19 147,764 136,522 1,986 2,254 131,147 116,371 113,605 66,428 23,544 23,374 113,846 108,903 965 965 11,454 16,463 1,187,880 1,142,262 606,429 535,553 20 625,440 640,594 20 103,410 96,894 27 29,694 22,609 36 36 946 971 15 1,466 185,058 312,702 1,551,028 1,610,825 21 235,391 225,069 108,952 105,320 27 20,730 39,465 1,738 3,680 6,914 8,631 22 692,808 718,795 43 43 1,066,576 1,101,003 11 2018

2018 6 30 2017 12 31 484,452 509,822 1,672,332 1,652,084 22 142,127 128,284 1,042 2,476 77 77 36,765 34,677 10,781 11,031 190,792 176,545 1,481,540 1,475,539 23 47,555 47,555 24 1,386,197 1,368,952 1,433,752 1,416,507 47,788 59,032 1,481,540 1,475,539 16 38 2018 12

2018 1 1 47,555 1,368,952 1,416,507 59,032 1,475,539 / 29,215 29,215 (3,772) 25,443 6,920 6,920 6,920 (18,890) (18,890) (1,000) (19,890) 2018 6 30 17,245 17,245 (4,772) 12,473 (6,472) (6,472) 2018 6 30 47,555 1,386,197 1,433,752 47,788 1,481,540 13 2018

2017 1 1 47,555 1,194,855 1,242,410 70,165 1,312,575 9 (7,714) (7,714) (7,714) 2017 1 1 47,555 1,187,141 1,234,696 70,165 1,304,861 18,859 18,859 678 19,537 60,653 60,653 3,213 63,866 2017 6 30 79,512 79,512 3,891 83,403 (6,461) (6,461) 2017 6 30 47,555 1,266,653 1,314,208 67,595 1,381,803 16 38 2018 14

6 30 2018 2017 (23,853) (78,352) / (66,712) 69,723 (27,471) (55,516) (118,036) (64,145) 312,702 283,116 (9,608) 12,666 185,058 231,637 185,058 187,971 3 43,666 185,058 231,637 16 38 15 2018

1 Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda 2018 8 15 2 2018 6 30 34 20172018 3 2017 2410 2018 16

3 20179 15 22 15 15 15 15 18 11 (i) 15 15 A. B. C. 17 2018

3 15 15 (ii) 15 4 34 2017 12 31 5 (a) 2017 12 31 2018 18

5 (b) 2018 6 30 1 1 6 30 1,738 1,076 2,814 2,780 235,391 235,391 235,391 101,864 101,864 101,864 20,730 20,730 20,730 703,607 146,756 850,363 834,935 43 43 43 1,063,373 147,832 1,211,205 1,195,743 2017 12 31 1 1 12 31 3,680 2,540 6,220 6,156 225,069 225,069 225,069 98,857 98,857 98,857 39,465 39,465 39,465 728,167 131,980 860,147 847,079 43 43 43 1,095,281 134,520 1,229,801 1,216,669 19 2018

5 (c) 13 1 1 2 21 3 2018 6 30 1 2 3 23,544 23,544 36 36 36 23,544 23,580 2,780 2,780 2,780 2,780 2018 20

5 (c) 2017 12 31 1 2 3 23,374 23,374 36 36 36 23,374 23,410 6,156 6,156 6,156 6,156 21 2018

5 (c) 2 3 3 6 30 2018 2017 1 1 23,374 14,462 250 3,700 (80) 94 6 30 23,544 18,256 2 3 2018 6 302017 12 31 2018 22

6 6 30 2018 2017 690,616 538,466 143,350 114,770 (%) 20.8% 21.3% EBITDA 1 78,656 74,012 EBITDA (%) 11.4% 13.7% 2 113,524 91,864 (%) 16.4% 17.1% 25,443 19,537 (%) 3.7% 3.6% 1 EBITDA 2 23 2018

6 6 30 2018 2017 33,320 42,323 480,271 283,252 110,884 130,808 9,370 10,105 2,074 2,569 15,666 17,149 27,232 27,285 11,799 24,975 690,616 538,466 2018 6 30 2017 12 31 75,177 75,872 1,077,409 1,026,230 296 323 1,152,882 1,102,425 2018 24

7 6 30 2018 2017 690,179 538,466 437 690,616 538,466 8 6 30 2018 2017 374 131 332 859 1,166 2,331 1,342 451 3,214 3,772 9 / 6 30 2018 2017 901 1,134 344 15,669 (6,197) (3,505) 250 3,706 (4,702) 17,004 25 2018

10 / 6 30 2018 2017 29,010 30,879 782 752 221 100 783 1,837 (1,997) (115) 11 6 30 2018 2017 / 1,255 (3,554) 2018 6 30 2009201010 12 6 30 2018 2017 (13,848) (13,525) (617) (1,503) (14,465) (15,028) 13 6 30 2018 2017 2,141 1,728 330 272 2,471 2,000 2018 26

14 6 30 2018 2017 5 784 3,709 6,761 3,714 7,545 5,021 171 8,735 7,716 16.5% 2017 6 3016.5% 15% 2017 6 3015%25%2017 6 3025% 15 29,215,000 2017 6 30 18,859,000475,548,000 2017 6 30 475,548,000 2017 6 30 16 2017 6 30 27 2018

17 6 30 2018 2017 1 1 602,264 625,220 10,344 7,206 (40,301) (1,980) (581) (29,010) (30,879) (3,091) 20,319 6 30 578,527 580,984 18 6 30 2018 2017 1 1 68,718 65,699 9,226 (11,580) (782) (752) (540) 2,002 6 30 65,042 66,949 19 6 30 2018 2017 1 1 136,522 150,396 11,580 40,301 (74,209) 344 15,669 (682) 1,897 6 30 147,764 134,054 2018 28

19 2017 12 31 /9 13 1 1 2 21 3 2018 6 30 1 2 3 147,764 2017 12 31 1 2 3 136,522 1 2 3 29 2018

20 2018 6 30 2017 12 31 660,026 672,024 (34,586) (31,430) 625,440 640,594 103,410 96,894 728,850 737,488 90 150 2018 6 30 2017 12 31 1 3 493,430 436,871 4 6 106,861 184,356 7 12 11,528 8,587 1 13,621 10,780 625,440 640,594 2018 30

20 6 30 2018 2017 1 1 31,430 23,127 9 7,714 9 1 1 31,430 30,841 4,888 3,485 (1,330) (1,588) (402) 860 6 30 34,586 33,598 21 2018 6 30 2017 12 31 1 3 171,198 172,177 4 6 22,782 31,645 7 12 3,069 3,795 1 8,246 2,528 205,295 210,145 30,096 14,924 235,391 225,069 31 2018

22 2018 6 30 2017 12 31 1 692,808 718,795 2 91,068 82,619 35 51,059 45,665 834,935 847,079 (692,808) (718,795) 142,127 128,284 2018 6 30EBITDA 2018 6 3069,000,000 2017 12 31 6 30 2018 2017 1 1 847,079 809,748 519,102 316,032 (529,987) (356,520) (1,259) 454 6 30 834,935 769,714 2018 32

23 2018 6 30 2017 12 31 1,000,000,0000.10 100,000 100,000 475,547,534 2017 12 31475,547,534 0.10 47,555 47,555 2018 1 12018 6 30 475,547,534 47,555 165,458 213,013 2017 1 12017 6 30 475,547,534 47,555 165,458 213,013 33 2018

24 2018 1 1 165,458 1,876 2,800 79,756 227,377 (162) 59,024 832,823 1,368,952 29,215 29,215 6,920 6,920 (18,890) (18,890) 2018 6 30 6,920 (18,890) 29,215 17,245 2018 6 30 165,458 1,876 2,800 86,676 208,487 (162) 59,024 862,038 1,386,197 2018 34

24 2017 1 1 165,458 1,971 2,800 75,151 1,879 98,354 (162) 56,419 792,985 1,194,855 9 (1,879) (5,835) (7,714) 2017 1 1 165,458 1,971 2,800 75,151 98,354 (162) 56,419 787,150 1,187,141 18,859 18,859 60,653 60,653 2017 6 30 60,653 18,859 79,512 (95) 95 2017 6 30 165,458 1,876 2,800 75,151 159,007 (162) 56,419 806,104 1,266,653 25 2018 6 30 2017 12 31 45,890 72,844 36,097 43,018 1,209 1,219 83,196 117,081 35 2018

26 (a) 1 20 2018 6 30 2017 12 31 1 17,984 33,057 1 5 164 403 18,148 33,460 (b) 2018 6 30 2017 12 31 1 1,240 864 1 5 326 652 1,566 1,516 2018 36

27 2018 6 30Man Yue Holdings Inc.44.09% (a) 6 30 2018 2017 1 35,596 28,963 2 7,367 6,804 3 2,141 1,728 1 2 3 4.90 2017 6 304.90 (b) / 2018 6 30 2017 12 31 1 113,846 108,903 2 29,694 22,609 2 (20,730) (39,465) 1 85,026,000 2017 12 3180,083,000 4.90 2017 6 30 4.90 2 37 2018

27 (c) 6 30 2018 2017 8,203 8,011 81 81 8,284 8,092 28 2018 6 30 2018 1 1 16 2017 16 16 262018 6 30 18,148,000 115 16 16 16 2018 38

2018 6 30XV 352 1 209,689,667 44.09% 51,006,334 10.73% 260,696,001 54.82% 4,716,666 0.99% 500,000 0.11% 1 Man Yue Holdings Inc. 2018 6 30 352 39 2018

2018 6 30XV336 5% Man Yue Holdings Inc. / 209,689,667 44.09% 2018 6 30 336 2006 5 26 2010 5 272016 5 25 2018 40

2018 6 30 1,980,000 2017 12 311,980,000 2018 1 1 2018 6 30 1 2 250,000 250,000 15.9.2010 15.9.2011 14.9.2020 2.262 250,000 250,000 15.9.2010 15.9.2012 14.9.2020 2.262 500,000 500,000 746,000 746,000 15.9.2010 15.9.2011 14.9.2020 2.262 734,000 734,000 15.9.2010 15.9.2012 14.9.2020 2.262 1,480,000 1,480,000 1,980,000 1,980,000 1 2 41 2018

2018 6 30 13.51B (1) 1 2018 1 26 2 2018 2 5 A.4.1 87 2018 42

2018 6 30 2410 2018 6 30 2017 6 30 www.manyue.com 18322 2018 8 15 43 2018

44 2018 EBITDA 2018 6 30 571