0322 2014 12 31 2014 2013 10,237,982 10,940,996 6.43% (%) 30.46% 30.25% 0.21 3,118,038 3,309,999 5.80% (EBITDA) 1,149,346 1,161,152 1.02% 484,749 494,311 1.93% 400,482 408,544 1.97% 7.15 7.30 0.15 7.13 7.28 0.15 2014 12 31 1,183,103 0.48 1
2014 2014 102.38 6.43% 4 1.97% 7.15 73,017 6.52% 3.57 2.00 AC Nielsen 2014 1-12 46.8% 53.9% 20.8% 23.9% Canadean 2014 12 2014 48.3% 38.7% 2014 2014 3 2014 2
2014 2015 2015 GDP 7% 2015 2015 1 2015 1 1 2015 2015 3 18 2014 2015 3 23 3
2014 12 31 2013 2014 12 31 2014 2013 4 10,237,982 10,940,996 (7,119,944) (7,630,997) 3,118,038 3,309,999 6 209,401 215,685 (2,138,598) (2,312,603) (299,549) (350,868) (155,841) (117,921) 7 (47,151) (37,351) 7,269 16,049 7 693,569 722,990 8 (208,820) (228,679) 484,749 494,311 400,482 408,544 84,267 85,767 484,749 494,311 10 7.15 7.30 7.13 7.28 4
2014 12 31 2014 2013 484,749 494,311 2,349 850 (101,998) 134,154 11,040 12,780 (14,397) (90,958) 132,537 (88,609) 133,387 396,140 627,698 336,629 500,127 59,511 127,571 396,140 627,698 5
2014 12 31 2014 2013 12 31 12 31 5,859,905 5,485,100 737,387 318,961 27,305 28,058 31,973 29,050 74,153 80,276 79,052 24,683 53,009 48,105 6,862,784 6,014,233 2,352 4,952 386,958 480,862 11 238,239 260,427 532,621 413,957 12,203 15,491 1,170,900 1,234,399 2,343,273 2,410,088 9,206,057 8,424,321 6
2014 2013 12 31 12 31 28,019 27,982 65,421 53,431 2,940,117 2,798,879 3,033,557 2,880,292 1,062,107 1,046,095 4,095,664 3,926,387 1,246,720 659,643 262 28,702 28,186 198,487 184,389 1,473,909 872,480 12 896,131 1,251,710 1,233,472 1,192,428 1,382,034 1,016,636 100,522 108,354 24,325 56,326 3,636,484 3,625,454 5,110,393 4,497,934 9,206,057 8,424,321 (1,293,211) (1,215,366) 5,569,573 4,798,867 7
1. 622 11 76 87 622 9 32 3 2013 2. 8
3. 10 12 27 10 36 36 21 4. 9
5. 99% 99% 99% 10% 10
2014 2013 12 31 2014 4,137,685 5,800,419 178,596 121,282 10,237,982 51 586 133 90,287 (91,057) 4,137,736 5,801,005 178,729 211,569 (91,057) 10,237,982 484,203 220,538 (7,540) (8,221) (2,118) 686,862 17,930 (10,661) 7,269 (562) (562) 484,203 238,468 (18,201) (8,783) (2,118) 693,569 (123,815) (84,516) 752 (1,241) (208,820) 360,388 153,952 (17,449) (10,024) (2,118) 484,749 2013 4,332,159 6,267,617 202,518 138,702 10,940,996 51 855 301 100,492 (101,699) 4,332,210 6,268,472 202,819 239,194 (101,699) 10,940,996 490,965 198,526 (11,043) 31,713 (3,220) 706,941 19,266 (3,217) 16,049 490,965 217,792 (14,260) 31,713 (3,220) 722,990 (154,184) (62,912) 231 (11,814) (228,679) 336,781 154,880 (14,029) 19,899 (3,220) 494,311 11
2014 12 31 3,446,274 5,227,348 160,291 1,340,036 (1,155,422) 9,018,527 30,646 1,327 31,973 58,346 15,807 74,153 81,404 9,206,057 1,041,013 3,311,438 62,817 1,766,568 (1,100,145) 5,081,691 28,702 5,110,393 105,257 339,819 9,134 9,283 463,493 340,390 591,845 4,211 543,773 1,480,219 59,599 4,833 384 10,747 (20,696) 54,867 37 33,886 33,924 (20,696) 47,151 73,017 73,017 12
2013 12 31 3,420,533 5,075,114 182,198 839,614 (1,232,099) 8,285,360 25,628 3,422 29,050 57,883 22,393 80,276 29,635 8,424,321 1,290,983 3,179,545 77,143 1,106,220 (1,184,143) 4,469,748 28,186 4,497,934 93,054 342,116 7,880 9,288 452,338 221,364 631,213 7,714 35,799 896,090 14,200 35,602 49,802 6,381 6,381 53,984 6,835 968 10,015 (20,275) 51,527 9 29,446 28,171 (20,275) 37,351 13
6. 2014 2013 54,867 51,527 747 54,867 52,274 6,579 12,181 16,863 18,812 29,911 31,057 14,397 50,079 47,814 51,102 39,150 154,534 163,441 209,401 215,685 7. 2014 2013 48,306 39,545 2.03% (2013: 2.08%) (1,155) (2,194) 47,151 37,351 454,136 444,303 8,604 7,282 753 753 14
8. 2014 2013 179,859 198,842 (2,132) (6,504) 177,727 192,338 933 8,536 30,160 27,805 31,093 36,341 208,820 228,679 2014 2013 25% 2013 25% [2011]58 70% 2011 2020 15% 15% 2013 15% 9. 2014 2013 3.57 2013 3.65 200,054 204,269 2015 3 23 3.57 15
10. (a) 2014 2013 400,482 408,544 5,599,873 5,594,388 7.15 7.30 (b) 2014 2013 400,482 408,544 5,599,873 5,594,388 15,108 17,490 5,614,981 5,611,878 7.13 7.28 11. 30 90 2014 2013 0 90 216,763 248,538 90 21,476 11,889 238,239 260,427 16
12. 2014 2013 0 90 863,205 1,214,761 90 32,926 36,949 896,131 1,251,710 13. 2014 2013 (a) 280,056 235,442 1,575 1,800 28,026 27,464 309,657 264,706 (b) 47,235 43,723 75,865 82,719 42,214 50,172 165,314 176,614 14. 73,017,000 2015 2016 70,000,000 17
2014 (GDP) 7.4% 24 (CPI) 2.0% 3.1% 12.0% (PPI) 1.9% 2014 2014 2013 2014 6.43% 10,237,982 4.49% 7.46% 0.21 30.46% 2013 21.14% 0.25 20.89% 37,920 9,800 47,151 2014 (EBITDA) 1,149,346 400,482 EBITDA 1.02% 1.97% 7.15 0.15 73,017 6.52% 18
2014 7% 2014 4,137,736 4.49% 40.42% 0.91 28.33% 7.49% 360,388 7.01% AC Nielsen 2014 46.8% 56.4% (CUBA) 19
10 + 4 0.5 1 1 2014 20
2015 (e-crc) AC Nielsen 2014 2.7% 2014 178,729 11.88% 1.75% 1.91 36.18% 2014 17,449 AC Nielsen 2014 23.8% 16.3% 21
3+2 APP 3+2 3+2 100% 2 2014 8 15% AC Nielsen 2014 2015 DNA ASAHI FOOD & HEALTHCARE Co., Ltd. MINTIA 10 2015 22
2015 2014 2014 2.6% 2013 6.9% 2014 5,801,005 56.66% 7.46% 1.17 31.92% 2014 71,956 1.35% 50.21% 23
AC Nielsen 2014 1-12 53.9% 2.1 19.4% 20.8% C 23.9% Canadean 2014 1-12 30.3% 48.3% 38.7% C 24
UTC 2005 2014 2014 5! 2015 2015 25
2014 2014 12 31 1,183,103 2013 66,787 2014 12 31 9,206,057 5,110,393 2013 781,736 612,459 55.51% 2013 2.12 2014 12 31 2,628,754 2013 952,475 82%:18% 88%:12% 47%:53% 39%:61% 2.27% 2014 1-12 117,740 15,742 101,998 12 31 2014 2013 11.73 12.90 8.89 8.23 0.64 0.66 0.48 0.15 55.51% 53.39% 26
2014 12 31 79,003 2013 80,541 2014 51% 2014 2015 (W Square) 27
2014 12 31 129 697 2014 28
2014 2014 11 1 2015 1 2015 29
2014 12 31 A.2.1 A.4.1 A.2.1 A.2.1 2014.12.31 1996 2013 1 1 2015 1 1 A2.1 30
A.4.1 A.4.1 3 2014 12 31 31
10 32
2008 3 20 2008 3 20 11,760,000 2013 3 21 2018 3 20 2009 4 22 26,688,000 2014 4 23 2019 4 22 2010 4 1 15,044,000 2015 4 1 2020 3 31 2011 4 12 17,702,000 2016 4 12 2021 4 11 2012 4 26 9,700,000 2017 4 26 2022 4 25 2013 5 27 11,492,000 2018 5 27 2023 5 26 2014 4 17 12,718,500 2019 4 17 2024 4 16 $9.28 2,000,000 $9.38 2,816,000 $18.57 2,200,000 $19.96 2,264,000 $20.54 1,368,000 $20.16 1,390,000 $22.38 1,486,000 2014 12 31 12 7,354,000 9.78 21.82 2015 5 27 33
2014 12 31 3.57 2015 6 16 (1) 2015 5 22 2015 5 27 2015 5 21 4 30 183 17 1712-1716 (2) 2015 6 3 2015 6 5 2015 6 2 4 30 183 17 1712-1716 2015 3 23 http://www.masterkong.com.cn http://www.irasia.com/listco/hk/tingyi * 34