Comtec Solar Systems Group Limited 712 456,200,000 574,700,000 56,800,000 135,400,000 12.5% 23.6% 58,200,000 173,400,000 13,300,000 7,400,000 121,100,000 173,400,000 13,300,000 101,600,000 5.1 173,400,000 13,300,000 7,400,000 1
10.7 173,400,000 13,300,000 9.0 218.6 109.4 99.8% 600 71,000,000 8.9% 244,000,000 75% 456,200,000 574,700,000 56,800,000 135,400,000 12.5% 23.6% 2
58,200,000 173,400,000 13,300,000 7,400,000 121,100,000 173,400,000 13,300,000 101,600,000 5.1 173,400,000 13,300,000 7,400,000 10.7 173,400,000 13,300,000 9.0 218.6 109.4 99.8% 600 71,000,000 8.9% 244,000,000 75% 218.6 99.8% 3
23% P 12.5% 650,000,000 50,000,000 491,000,000 1.24 117,000,000 75% EBITDA 75% 30% 4
71,000,000 8.9% 5
456,242 574,736 (399,430) (439,311) 56,812 135,425 4 38,735 15,508 5 (166,022) 14,138 (2,016) (769) (22,575) (18,771) (23,077) (7,997) 6 (118,143) 137,534 7 (2,988) (35,910) (121,131) 101,624 9 (10.68) 8.96 9 (10.68) 8.95 6
821,536 855,626 39,716 40,143 9,962 5,105 380,477 396,425 638 689 26,491 26,491 1,278,820 1,324,479 278,740 217,959 10 264,324 213,987 10 22,181 36,700 71,418 82,249 854 854 19,703 15,156 11 135,767 17,289 244,059 746,100 13 37 1,037,083 1,330,294 12 193,201 198,692 211 229 410,997 318,230 604,409 517,151 432,674 813,143 1,711,494 2,137,622 999 999 1,490,307 1,652,778 1,491,306 1,653,777 7
9,669 9,560 13 106,601 402,444 20,708 18,134 39,107 39,107 13 29,300 14,600 11 14,803 220,188 483,845 1,711,494 2,137,622 8
1. Fonty Holdings Limited 2. 16 34 3. 4. 9
5. 2,498 5,768 (2,496) 8,370 11 (14,803) 13 24,200 13 (2,040) 13 (173,381) (166,022) 14,138 6. 399,430 439,311 37,032 22,842 427 294 4,074 3,943 453 566 7. 2,828 35,616 160 294 2,988 35,910 25% 25% 10
8. 9. (121,131) 101,624 1,133,890,000 1,133,751,238 1,362,936 1,133,890,000 1,135,114,174 13 13 11
10. 133,325 71,606 13,118 4,219 117,086 133,472 795 4,690 264,324 213,987 22,181 36,700 7 180 0 30 43,995 52,607 31 60 61,785 10,909 61 90 27,438 8,090 91 180 107 133,325 71,606 0 30 6,665 29,165 31 60 3,814 4,585 61 90 6,602 91 180 4,397 2,950 180 703 22,181 36,700 12
11. (1) (2) (a) 2.55% 2.91% (b) 135,767,000 13,541,000 6,189,000 134,358,000 1,057,000 2,416,000 556,000 2,056,680 10.3867 3,384,000 7.7604 2,065,902 10.4130 2,979,900 7.8970 2,065,920 9.9476 7,177,480 7.9128 6.3205 63,444,000 401,000,000 14,803,000 13
12. 142,600 100,679 36,362 81,757 14,239 16,256 193,201 198,692 0 30 43,149 28,248 31 60 64,208 21,930 61 90 10,655 30,651 91 180 19,586 17,768 180 5,002 2,082 142,600 100,679 13. 100,000 650,000,000 1.1917494 1 3.90 95,121,951 4.10 75% 491,000,000 14
(i) (ii) 2,077,000 37,000 62.73% 61.82% 4.3 4.0 0.511% 0.235% 1.00% 1.00% 2,077 (2,040) 37 25% 27,200,000 2,300,000 25% 1.53 0.96 4.1 4.1 62.73% 61.82% 4.3 4.0 0.511% 0.235% 1.00% 1.00% 15
(i) (ii) 1.24 94,354,839 (A) 1.00874 1.22926 1 (B) (C) (D) (E) (F) 59,300,000 27,000,000 1.53 0.96 1.24 1.24 62.73% 61.82% 4.3 3.7 0.485% 0.261% 1.00% 1.00% 16
59,300 (32,300) 27,000 490,875 59,300 (2,077) 548,098 402,444 188,839 14,600 605,883 9,712 9,712 12,600 12,600 412,156 188,839 27,200 628,195 (309,117) (141,629) (20,400) (471,146) 3,562 3,562 (4,500) (4,500) 106,601 47,210 2,300 156,111 96,429,000 482,498,000 45,200,000 20,400,000 173,381,000 12,600,000 4,500,000 32,300,000 2,040,000 17
218.6 99.8% 23% P 87.8% 76.2% 74.4% P 31.2% 18
12.5% 650,000,000 50,000,000 491,000,000 1.24 117,000,000 75% EBITDA 75% 30% 19
71,000,000 8.9% 20
574,700,000 118,500,000 20.6% 456,200,000 109.499.8% 218.6 156 156 8.6% 125 125 74.6% 83.2% 99.9% 125 125 125 125 110,800,000 229,600,000 207.2% 340,400,000 125 125 125 125 23.0 397.8% 114.5 156 156 156 156 463,200,000 424,100,000 91.6% 39,100,000 86.4 76.9% 20.0 5.4 63.0% 2.0 76,700,000 84.1 74.4% 6.8% P 21
439,300,000 39,900,000 9.1% 399,400,000 404.6 54.1% 185.7 135,400,000 78,600,000 58.1% 56,800,000 15,500,000 23,200,000 149.7% 38,700,000 166,000,000 14,100,000 173,400,000 7,400,000 800,000 1,200,000 150.0% 2,000,000 18,800,000 3,800,000 20.2% 22,600,000 3,200,000 22
8,000,000 15,100,000 23,100,000 13,300,000 75% 118,100,000 137,500,000 35,900,000 3,000,000 2.5% 26.1% 121,100,000 101,600,000 26.5% 17.7% 218,000,000 27.8% 278,700,000 600 127 86 23
53 26 30 90 65 40 1.7 2.6 8.9% 132,000,000 51,100,000 406,300,000 789,800,000 411,000,000 318,200,000 106,600,000 402,400,000 20,700,000 18,100,000 650,000,000 50,000,000 491,000,000 1.24 117,000,000 75% EBITDA 75% 30% 24
(a) 2.55 2.91 (b) 135,767,000 13,541,000 6,189,000 134,358,000 135,767,000 94,284,000 89,087,000 14,725,000 14,886,000 25
957 1,169 2,500,000 14 A.2.1 A.2.1 26
10 16 25% www.hkex.com.hk http://www.comtecsolar.com 16 27
10 1,000,000 0.001 % Donald Huang Kang Sun Daniel DeWitt Martin 28