2 3 5 8 10 12 14 16 17 18 20 169 178 186 187 1. 2.

5,722,961,086 5,180,417,557 10% 1,431,472,973 1,051,863,210 36% 1,219,829,085 857,455,315 42% 1.04 0.73 2 2015

LKJ IGBT IGBT 2015 4 SMD100% 2015 3

2015 IGBT 4 2015

2015 2014 6 30 12 31 1 3,930,417,655 2,679,867,325 2 1,480,638,238 3,184,352,916 3 4,569,828,152 2,813,878,700 4 211,184,092 147,627,653 5 201,262,072 79,220,006 6 3,525,839,219 2,207,339,644 7 2,291,656,562 3,053,675,472 16,210,825,990 14,165,961,716 900,000 900,000 8 23,174,915 22,082,991 9 274,683,416 237,010,505 10 1,752,590,558 1,770,444,529 11 166,287,984 112,914,938 12 685,714,826 268,531,012 15,737,660 15,092,149 13 600,699,778 13,770,533 14 274,195,734 251,382,881 15 68,208,521 66,812,276 3,862,193,392 2,758,941,814 20,073,019,382 16,924,903,530 5

2015 2014 6 30 12 31 16 80,248,805 4,385,940 17 1,288,956,771 1,569,649,099 18 2,637,570,274 1,861,391,032 19 622,792,400 588,010,023 20 167,641,939 52,112,041 21 243,677,979 146,880,754 22 470,190,655 23 424,695,910 373,833,468 24 19,622,294 11,315,264 26 319,059,982 329,643,512 27 49,777,204 49,528,830 6,324,234,213 4,986,749,963 25 904,359,698 37,492,529 18 93,338,286 66,444,529 26 519,515,223 480,083,471 27 195,736,355 168,992,811 28 6,418,498 14 103,549,443 14,374,351 1,822,917,503 767,387,691 8,147,151,716 5,754,137,654 6 2015

2015 2014 6 30 12 31 1,175,476,637 1,175,476,637 3,352,123,130 3,352,499,586 (22,857,609) (30,272,682) 3,033,938 2,920,995 984,257,722 859,087,844 29 6,255,751,858 5,631,283,306 11,747,785,676 10,990,995,686 178,081,990 179,770,190 11,925,867,666 11,170,765,876 20,073,019,382 16,924,903,530 7

6 2015 6 30 6 2014 6 30 6 30 5,722,961,086 5,180,417,557 30 3,460,354,609 3,323,807,389 36,579,048 30,092,963 243,417,182 274,798,214 678,970,492 494,247,703 31 (45,259,183) (9,945,580) 32 55,855,484 166,778,816 33 72,799,724 71,788,935 33 35,038,335 32,016,196 1,365,843,178 972,426,987 34 71,131,275 80,603,880 34 277,906 287,517 35 5,501,480 1,167,657 35 131,598 509,143 36 1,431,472,973 1,051,863,210 37 211,523,560 196,930,626 1,219,949,413 854,932,584 8 2015

6 2015 6 30 6 2014 6 30 6 1,219,829,085 857,455,315 120,328 (2,522,731) 7,415,073 7,875,844 (241,035) 2,379,287 1,227,123,451 865,187,715 1,227,244,158 865,331,159 (120,707) (143,444) 38 1.04 0.73 1.04 0.73 9

6 2015 1 1 1,175,476,637 3,352,499,586 2,920,995 859,087,844 5,631,283,306 (30,272,682) 10,990,995,686 179,770,190 11,170,765,876 1,219,829,085 7,415,073 1,227,244,158 (120,707) 1,227,123,451 1. (376,456) (376,456) 376,456 1. 125,169,878 (125,169,878) 2. (470,190,655) (470,190,655) (1,943,949) (472,134,604) 1. 7,844,096 7,844,096 7,844,096 2. (7,731,153) (7,731,153) (7,731,153) 1,175,476,637 3,352,123,130 3,033,938 984,257,722 6,255,751,858 (22,857,609) 11,747,785,676 178,081,990 11,925,867,666 10 2015

2014 6 30 6 2014 1 1 1,175,476,637 3,354,300,202 1,148,151 624,621,343 3,882,348,394 (21,995,965) 9,015,898,762 134,221,486 9,150,120,248 857,455,315 7,875,844 865,331,159 (143,444) 865,187,715 1. 52,000,000 52,000,000 2. (13,535) (13,535) (29,724) (43,259) 3. (594,527) (594,527) 594,527 1. 95,040,485 (95,040,485) 2. (411,416,823) (411,416,823) (2,691,236) (414,108,059) 1. 7,899,744 7,899,744 387,031 8,286,775 2. (5,479,897) (5,479,897) (161,260) (5,641,157) 2014 6 30 1,175,476,637 3,353,692,140 3,567,998 719,661,828 4,233,346,401 (14,120,121) 9,471,624,883 184,177,380 9,655,802,263 11

6 2015 2014 6 30 6 30 6 6 5,427,921,902 3,990,890,674 51,140,648 76,048,193 172,601,507 89,153,600 5,651,664,057 4,156,092,467 (3,319,894,699) (2,630,493,625) (474,556,972) (357,843,267) (629,476,909) (538,521,044) (595,679,476) (460,815,697) (5,019,608,056) (3,987,673,633) 39 632,056,001 168,418,834 3,000,000,000 1,000,000,000 31,374,786 29,986,712 547,474 532,925 30,920,000 1,600,000 3,062,842,260 1,032,119,637 (104,712,055) (153,266,174) (2,080,000,000) (1,550,000,000) 39 (1,074,807,066) (92,311,980) (3,351,831,101) (1,703,266,174) (288,988,841) (671,146,537) 12 2015

6 2015 2014 6 30 6 30 6 6 51,956,741 51,956,741 945,489,188 26,287,582 945,489,188 78,244,323 (38,024,488) (36,626,380) (5,057,875) (4,694,163) (43,082,363) (41,320,543) 902,406,825 36,923,780 (532,720) 1,244,941,265 (465,803,923) 2,647,816,044 3,118,401,874 39 3,892,757,309 2,652,597,951 13

2015 2014 6 30 12 31 3,079,702,910 2,214,865,319 1,333,533,295 2,994,220,756 1 4,676,240,642 3,031,699,178 27,000,000 30,000,000 118,188,454 128,503,809 2 219,745,105 196,460,126 2,710,992,109 1,730,480,968 2,264,992,360 2,699,227,291 14,430,394,875 13,025,457,447 900,000 900,000 1 18,571,137 19,847,943 3 1,344,397,569 1,294,059,234 1,149,128,700 1,206,542,349 146,758,773 118,891,409 110,759,116 115,660,593 237,451,352 222,587,213 437,313,790 90,235,103 3,445,280,437 3,068,723,844 17,875,675,312 16,094,181,291 14 2015

2015 2014 6 30 12 31 1,095,509,207 1,385,936,394 2,313,875,366 1,702,604,422 544,168,384 512,415,169 133,940,684 39,821,157 148,932,095 113,121,711 470,190,655 397,428,264 422,236,768 301,903,882 323,041,323 49,250,292 47,471,918 5,455,198,829 4,546,648,862 93,338,286 66,444,529 513,007,461 474,472,283 175,679,139 149,672,139 782,024,886 690,588,951 6,237,223,715 5,237,237,813 1,175,476,637 1,175,476,637 3,378,010,293 3,378,010,293 984,257,722 859,087,844 6,100,706,945 5,444,368,704 11,638,451,597 10,856,943,478 17,875,675,312 16,094,181,291 15

6 2015 6 30 6 2014 6 30 6 4 4,954,212,927 4,718,626,312 4 3,035,926,081 3,099,539,460 28,646,472 25,342,221 192,018,070 247,291,632 509,393,990 371,032,825 (33,984,881) (9,132,357) 48,449,882 154,200,918 5 207,116,579 226,581,248 5 35,038,335 32,016,196 1,380,879,892 1,056,932,861 65,345,889 76,038,092 262,928 188,442 1,439,359 505,862 82,207 501,362 1,444,786,422 1,132,465,091 193,087,648 182,060,236 1,251,698,774 950,404,855 1,251,698,774 950,404,855 16 2015

6 2015 1 1 1,175,476,637 3,378,010,293 859,087,844 5,444,368,704 10,856,943,478 1,251,698,774 1,251,698,774 1. 125,169,878 (125,169,878) 2. (470,190,655) (470,190,655) 1. 5,191,243 5,191,243 2. (5,191,243) (5,191,243) 1,175,476,637 3,378,010,293 984,257,722 6,100,706,945 11,638,451,597 2014 6 30 6 2014 1 1 1,175,476,637 3,378,010,293 624,621,343 3,745,587,014 8,923,695,287 950,404,855 950,404,855 1. 95,040,485 (95,040,485) 2. (411,416,823) (411,416,823) 1. 5,388,683 5,388,683 2. (5,388,683) (5,388,683) 2014 6 30 1,175,476,637 3,378,010,293 719,661,828 4,189,534,561 9,462,683,319 17

6 2015 6 30 6 2014 6 30 6 4,655,901,622 3,536,939,704 50,883,804 76,048,193 162,238,996 40,345,511 4,869,024,422 3,653,333,408 (3,010,332,898) (2,523,967,194) (290,812,477) (227,011,501) (502,904,270) (442,939,717) (512,248,868) (365,612,298) (4,316,298,513) (3,559,530,710) 6 552,725,909 93,802,698 2,660,000,000 1,000,000,000 168,322,820 89,986,712 425,612 353,450 2,828,748,432 1,090,340,162 (89,680,178) (82,109,024) (2,427,260,000) (1,694,000,000) (2,516,940,178) (1,776,109,024) 311,808,254 (685,768,862) 18 2015

6 2015 6 30 6 2014 6 30 6 20,000,000 20,000,000 20,000,000 303,428 864,837,591 (571,966,164) 2,214,865,319 2,763,730,041 6 3,079,702,910 2,191,763,877 19

2005 9 26 H 2006 12 414,644,000 H 1 H 5.3 2,197,613,000 2,209,968,000 H 2006 12 2013 10 91,221,000 1 H 25 2,280,525,000 1,803,872,470 H 2013 10 H 1,175,476,637 1,175,476,637 2015 8 18 20 2015

32 2014 2014 2014 12 31 2014 1 1 3 19 39 40 30 9 33 2 6 2014 7 1 2013 6 21

2014 3 27 41 2014 7 1 2014 7 11 37 2014 2014 6 30 6 2014 6 1. 1 1 12 31 2. 22 2015

3. 23

3. 4. 2015 6 30 6 24 2015

4. 5. 25

6. 7. 26 2015

7. 8. (1) (2) (a) (b) 27

8. 28 2015

8. 29

8. 30 2015

8. 31

8. 32 2015

8. 33

8. 34 2015

9. 35

10. 36 2015

10. 37

10. 38 2015

11. 20-45 5% 2.11%-4.75% 6 5% 15.83% 5 5% 19.00% 5 5% 19.00% 12. 39

13. (1) (2) (3) 40 2015

13. (1) (2) 3 14. 41

14. 40-50 5-10 3-10 42 2015

14. 15. 43

15. 16. 44 2015

16. 17. (1) (2) (3) 45

18. 46 2015

18. 47

19. 20. 48 2015

20. (1) (2) (1) (2) 49

20. 21. 50 2015

22. 23. 24. 51

24. 25. 52 2015

25. 45% 38% 53

25. 54 2015

25. 55

26. 6 2014 10 6 2014 2014 2014 1,851,380,636 (80,936,107) 1,770,444,529 5,712,219,413 (80,936,107) 5,631,283,306 2,472,944,725 (80,936,107) 2,392,008,618 2,475,754,343 (80,936,107) 2,394,818,236 56 2015

26. 2014 2014 1,279,850,620 (73,308,271) 1,206,542,349 5,517,676,975 (73,308,271) 5,444,368,704 2,417,973,285 (73,308,271) 2,344,665,014 57

1. 17% 5% 7% 25% 2. 15% 15% 15% 58 2015

1. 2015 6 30 2014 12 31 61,291 44,547 3,877,524,208 2,641,329,027 52,832,156 38,493,751 3,930,417,655 2,679,867,325 35,669,279 2014 12 31 21,953,359 17,162,877 2014 12 31 16,540,392 69,882,558 2014 12 31 10,550,753 1 3 2. 2015 6 30 2014 12 31 547,638,238 1,375,006,916 933,000,000 1,809,346,000 1,480,638,238 3,184,352,916 59

2. 2015 6 30 336,800,000 233,000,000 1 165,400,000 91,000,000 2 91,000,000 917,200,000 2014 12 31 1,070,000,000 264,000,000 255,000,000 230,896,000 162,200,000 1,982,096,000 60 2015

3. 6 2015 2014 6 30 12 31 6 3,435,241,966 2,486,167,476 6 1 1,007,673,495 165,489,115 1 2 263,276,565 268,483,688 2 3 30,165,097 26,923,378 3 7,213,862 7,360,713 4,743,570,985 2,954,424,370 150,567,918 118,462,679 4,593,003,067 2,835,961,691 8 23,174,915 22,082,991 4,569,828,152 2,813,878,700 2015 6 30 6 2014 118,462,679 52,877,165 2,655,697 166,380 40,908,360 71,382,522 (11,766,047) (2,754,726) (24,171) (3,027,791) 165,020 (14,491) 150,567,918 118,462,679 61

3. 2015 6 30 1,094,784,667 622,787,814 1 250,566,689 113,109,840 2 102,062,670 2,183,311,680 2014 12 31 278,202,177 235,334,005 187,137,679 123,548,658 112,512,294 936,734,813 62 2015

4. 2015 2014 6 30 12 31 1 202,335,885 141,087,808 1 2 5,046,586 5,145,359 2 3 2,437,033 133,387 3 1,364,588 1,261,099 211,184,092 147,627,653 2015 6 30 35,000,000 1 28,788,218 2 12,492,191 3 11,306,899 4 11,245,070 98,832,378 63

4. 2014 12 31 1 38,680,828 20,000,000 2 14,382,020 3 8,814,138 4 5,412,403 87,289,389 5. 2015 2014 6 30 12 31 1 196,254,774 75,093,027 1 2 6,817,585 4,115,311 2 3 572,739 1,243,443 3 3,404,446 4,030,896 207,049,544 84,482,677 5,787,472 5,262,671 201,262,072 79,220,006 64 2015

5. 2015 6 30 6 2014 5,262,671 2,837,263 617,555 2,437,908 (92,754) (12,500) 5,787,472 5,262,671 2015 2014 6 30 12 31 2. 3 97,386,220 27,313,446 9,642,194 27,090,000 40,215,000 13,984,318 14,529,583 35,488,088 14,833,229 201,262,072 79,220,006 65

5. 2015 6 30 1 97,386,220 2 27,090,000 3 17,000,000 4 3,951,690 5 1,734,000 147,161,910 2014 12 31 1 40,215,000 2 4,159,674 3 1,938,000 4 1,145,000 5 1,095,955 48,553,629 66 2015

6. 1,009,495,472 82,177,588 927,317,884 483,889,402 26,536,867 457,352,535 422,790,967 4,405,243 418,385,724 1,622,974,229 59,797,570 1,563,176,659 151,743,877 151,743,877 9,222,931 1,360,391 7,862,540 3,700,116,878 174,277,659 3,525,839,219 2014 12 31 538,111,869 42,738,369 495,373,500 322,321,916 46,266,599 276,055,317 270,037,222 20,806,696 249,230,526 1,214,975,643 33,524,243 1,181,451,400 5,578,890 349,989 5,228,901 2,351,025,540 143,685,896 2,207,339,644 1,030,664,406 224,723,331 1,103,643,860 67

6. 6 42,738,369 25,084,846 13,933,010 421,363 82,177,588 46,266,599 7,468,928 (27,198,660) 26,536,867 20,806,696 140,917 (13,077,419) (3,464,951) 4,405,243 33,524,243 27,752,917 (112,254) (1,367,336) 59,797,570 349,989 1,023,091 (12,689) 1,360,391 143,685,896 61,470,699 13,933,010 (40,401,022) (4,410,924) 174,277,659 2014 43,421,802 7,790,404 (7,998,149) (475,688) 42,738,369 9,543,851 37,222,546 (499,798) 46,266,599 17,916,003 19,864,842 (15,747,898) (1,226,251) 20,806,696 19,965,536 27,204,648 (12,177,745) (1,468,196) 33,524,243 915,864 48,844 (614,719) 349,989 91,763,056 92,131,284 (37,038,309) (3,170,135) 143,685,896 68 2015

7. 2015 2014 6 30 12 31 2,091,465,151 3,005,078,548 19,267 895,068 193,179,762 46,887,745 6,828,036 164,346 814,111 2,291,656,562 3,053,675,472 4.20%-4.90% 2014 12 31 3.20%-5.69% 2015 11 18 8. 2015 2014 6 30 12 31 3 23,174,915 22,082,991 23,174,915 22,082,991 69

9. 6 180,186,598 34,245,652 214,432,250 SMD BORD Limited 2,497,286 137,271 2,634,557 SMD Energy Limited 18 1 19 180,186,598 2,497,304 34,245,652 137,272 217,066,826 49,577,867 610,651 50,188,518 7,246,040 182,032 7,428,072 56,823,907 792,683 57,616,590 237,010,505 2,497,304 35,038,335 137,272 274,683,416 70 2015

9. 2014 176,232,966 (36,604,782) 51,558,414 (11,000,000) 180,186,598 47,029,031 2,548,836 49,577,867 9,691,451 (2,445,411) 7,246,040 56,720,482 103,425 56,823,907 232,953,448 (36,604,782) 51,661,839 (11,000,000) 237,010,505 71

10. 6 1,261,094,096 1,277,569,640 36,087,412 168,813,399 2,743,564,547 41,586,090 16,990,888 58,576,978 3,663,401 13,762,715 3,237,147 4,717,183 25,380,446 10,837,931 9,356,659 20,194,590 (9,564,516) (4,980,647) (360,362) (1,232,404) (16,137,929) 2,384,105 2,048,297 4,432,402 1,310,001,107 1,314,747,552 38,964,197 172,298,178 2,836,011,034 208,074,544 579,405,768 23,630,302 97,055,455 908,166,069 20,973,043 78,456,223 2,598,624 9,080,682 111,108,572 (9,556) (4,338,474) (306,937) (907,558) (5,562,525) 33,681 149,294 182,975 229,071,712 653,672,811 25,921,989 105,228,579 1,013,895,091 10,513,264 53,626,322 814,363 64,953,949 4,501,301 3,443 613,949 5,118,693 (547,257) (547,257) 10,513,264 57,580,366 3,443 1,428,312 69,525,385 1,070,416,131 603,494,375 13,038,765 65,641,287 1,752,590,558 1,042,506,288 644,537,550 12,457,110 70,943,581 1,770,444,529 72 2015

10. 2014 1,120,205,426 1,032,467,691 36,006,915 171,409,609 2,360,089,641 6,578,510 35,231,916 3,005,200 25,476,151 70,291,777 135,953,173 256,843,692 358,811 1,446,442 394,602,118 (19,298,256) (3,267,044) (8,544,385) (31,109,685) (8,438,294) (20,974,418) (29,412,712) (1,643,013) (19,237,109) (16,470) (20,896,592) 1,261,094,096 1,277,569,640 36,087,412 168,813,399 2,743,564,547 171,201,126 423,967,504 21,849,828 102,717,954 719,736,412 37,008,600 184,602,321 4,765,410 19,929,009 246,305,340 (14,821,546) (2,984,936) (7,223,667) (25,030,149) (7,503,964) (18,367,841) (25,871,805) (135,182) (6,838,547) (6,973,729) 208,074,544 579,405,768 23,630,302 97,055,455 908,166,069 9,411,739 34,780,638 885,228 45,077,605 1,101,525 21,521,983 6,967 22,630,475 (2,676,299) (77,832) (2,754,131) 10,513,264 53,626,322 814,363 64,953,949 1,042,506,288 644,537,550 12,457,110 70,943,581 1,770,444,529 939,592,561 573,719,549 14,157,087 67,806,427 1,595,275,624 73

10. 2. 6 111,108,572 2014 6 30 6 77,909,847 2015 6 30 6 20,194,590 2014 6 30 6 82,301,524 11. 2015 6 30 2014 12 31 90,058,273 88,054,052 10,110,116 1,538,332 2,518,714 5,389,782 11 B 7,140,116 3,269,048 6,762,512 4,203,858 14,603,093 1,686,197 35,095,160 8,773,669 166,287,984 112,914,938 74 2015

11. 6 156,100,000 88,054,052 2,004,221 90,058,273 58% 292,650,000 1,538,332 8,571,784 10,110,116 3% 121,436,500 5,389,782 7,231,108 10,102,176 2,518,714 99% 11 9,371,700 3,269,048 3,871,068 7,140,116 76% B 7,500,000 4,203,858 2,558,654 6,762,512 90% 92,700,000 1,686,197 12,916,896 14,603,093 16% 8,773,669 36,568,523 10,092,414 (154,618) 35,095,160 112,914,938 73,722,254 20,194,590 (154,618) 166,287,984 75

11. 2014 156,100,000 88,054,052 88,054,052 56% 121,436,500 85,507,535 34,555,212 114,672,965 5,389,782 99% 8MW 72,000,000 51,430,000 20,629,269 72,059,269 100% 165,000,000 1,205,680 3,695,396 4,901,076 96% 13,500,000 13,091,536 97,863 13,189,399 98% 83,888,864 127,087,420 189,779,409 (1,725,771) 19,471,104 235,123,615 274,119,212 394,602,118 (1,725,771) 112,914,938 76 2015

12. 6 194,184,880 77,114,049 271,306,999 542,605,928 255,914,400 127,957,200 30,161,340 414,032,940 3,567,599 3,567,599 56,917 57,288 13,676,567 7,033,600 1,657,920 22,482,292 194,241,797 80,738,936 540,897,966 134,990,800 31,819,260 982,688,759 25,328,452 57,584,576 59,534,268 142,447,296 1,750,323 3,823,870 14,161,328 1,640,887 3,203,638 24,580,046 (6,178) (1,812,129) 46,498 90,780 (1,681,029) 27,078,775 61,402,268 71,883,467 1,687,385 3,294,418 165,346,313 131,627,620 131,627,620 131,627,620 131,627,620 167,163,022 19,336,668 337,386,879 133,303,415 28,524,842 685,714,826 168,856,428 19,529,473 80,145,111 268,531,012 77

12. 2014 195,051,361 66,913,043 224,752,484 486,716,888 122,378 10,201,006 10,323,384 47,881,406 47,881,406 (988,859) (1,326,891) (2,315,750) 194,184,880 77,114,049 271,306,999 542,605,928 21,653,575 48,422,732 51,958,817 122,035,124 3,674,877 9,161,844 9,209,555 22,046,276 (1,634,104) (1,634,104) 25,328,452 57,584,576 59,534,268 142,447,296 131,627,620 131,627,620 131,627,620 131,627,620 168,856,428 19,529,473 80,145,111 268,531,012 173,397,786 18,490,311 41,166,047 233,054,144 2. 6 24,580,046 2014 6 30 6 10,885,996 78 2015

13. 6 Dynex Power Inc. ( Dynex ) 46,517,958 46,517,958 46,517,958 437,432 437,432 437,432 13,333,101 13,333,101 13,333,101 Specialist Machine Developments (SMD) Limited SMD 556,347,713 30,581,532 586,929,245 586,929,245 60,288,491 556,347,713 30,581,532 647,217,736 46,517,958 600,699,778 2014 Dynex 46,517,958 46,517,958 46,517,958 437,432 437,432 437,432 13,333,101 13,333,101 13,333,101 60,288,491 60,288,491 46,517,958 13,770,533 79

13. 6 Dynex 46,517,958 2014 Dynex 46,517,958 2015 4 9 SMD SMD 60,870,885 556,347,713 SMD 80 2015

14. 2014 12 31 827,779,069 124,166,860 809,154,161 121,373,124 503,509,256 78,116,841 460,005,259 71,811,054 245,513,559 37,737,447 218,521,641 33,699,005 106,233,917 16,094,713 80,858,803 12,218,268 102,913,331 18,079,873 76,886,266 12,281,430 1,785,949,132 274,195,734 1,645,426,130 251,382,881 81

14. 2014 12 31 434,404,280 86,880,856 824,803 164,961 83,342,935 16,668,587 71,046,952 14,209,390 517,747,215 103,549,443 71,871,755 14,374,351 2015 6 30 2014 12 31 80,659,594 94,831,656 196,182,822 108,383,956 276,842,416 203,215,612 82 2015

14. 2015 6 30 2014 12 31 2015 14,172,063 2016 11,403,682 18,015,639 2017 21,541,008 24,191,832 2018 32,118,918 33,472,072 2019 4,980,050 4,980,050 70,043,658 94,831,656 15. 2015 6 30 2014 12 31 42,831,600 42,831,600 6,064,035 6,079,951 19,312,886 17,900,725 68,208,521 66,812,276 83

16. 2015 6 30 2014 12 31 1,415,174 78,833,631 4,385,940 80,248,805 4,385,940 2.00%-7.33% 2014 12 31 0.00%-2.82% 2015 6 30 2014 12 31 2015 6 30 2014 12 31 23,918,406 4,719,510 131,659,515 44,713,132 16,809,912 4,758,704 31,319,914 1,384,020 306,155,430 76,119,536 17,329,991 15,642 2,634,577 208,765,916 160,738,604 11,666,079 3,793,271 639,509 750,899,249 296,242,419 84 2015

17. 2015 6 30 2014 12 31 199,867,040 136,450,000 1,089,089,731 1,433,199,099 1,288,956,771 1,569,649,099 18. 3 2015 6 30 2014 12 31 3 2,219,519,338 1,327,939,003 3 1 297,000,320 366,538,133 1 2 97,470,662 105,588,086 2 3 23,811,624 38,917,349 3 93,106,616 88,852,990 2,730,908,560 1,927,835,561 93,338,286 66,444,529 2,637,570,274 1,861,391,032 19. 2015 6 30 2014 12 31 1 544,319,778 550,053,437 1 2 75,669,817 34,703,035 2 3 1,680,026 985,748 3 1,122,779 2,267,803 622,792,400 588,010,023 85

20. 6 51,429,108 498,165,657 405,720,070 115,351 143,990,046 682,933 2,596,964 81,537,378 61,276,849 111,467 23,651,893 52,112,041 2,596,964 579,703,035 466,996,919 226,818 167,641,939 2014 79,416,755 959,175,137 986,993,593 (169,191) 51,429,108 9,443,406 117,482,747 126,228,340 (14,880) 682,933 88,860,161 1,076,657,884 1,113,221,933 (184,071) 52,112,041 86 2015

20. 6 28,640,023 391,608,561 307,897,233 35,273 112,386,624 20,941,701 20,941,701 873,264 26,815,656 23,513,272 4,175,648 97,242 17,744,873 17,310,132 531,983 625,165 2,845,785 3,470,950 70,650 4,559,968 4,550,410 80,208 80,207 1,665,030 1,652,730 92,507 5,238 33,079,215 32,411,912 672,541 13,347,093 16,124,739 9,855,628 19,616,204 8,563,490 9,595,785 11,100,324 80,078 7,139,029 51,429,108 498,165,657 405,720,070 115,351 143,990,046 87

20. 2014 52,228,725 772,173,927 795,644,760 (117,869) 28,640,023 52,461,739 52,461,739 844,114 47,863,183 47,834,033 873,264 80,872 28,725,161 28,708,791 97,242 690,945 10,365,549 10,431,329 625,165 42,473 6,032,648 6,004,471 70,650 29,824 2,739,825 2,689,442 80,207 250,776 51,079,935 51,325,473 5,238 12,786,141 25,664,377 25,103,425 13,347,093 13,306,999 9,931,976 14,624,163 (51,322) 8,563,490 79,416,755 959,175,137 986,993,593 (169,191) 51,429,108 88 2015

20. 6 592,371 2,596,964 56,568,581 56,593,481 111,467 3,275,902 19,850 4,775,847 4,637,400 158,297 70,712 20,192,950 45,968 20,217,694 682,933 2,596,964 81,537,378 61,276,849 111,467 23,651,893 2014 715,050 86,539,575 86,647,374 (14,880) 592,371 219,116 8,304,266 8,503,532 19,850 8,509,240 22,638,906 31,077,434 70,712 9,443,406 117,482,747 126,228,340 (14,880) 682,933 89

21. 2015 6 30 2014 12 31 160,172,768 91,158,247 38,304,325 28,283,721 3,267,702 12,586,286 4,882,344 12,484,671 36,104,138 946,702 2,367,829 243,677,979 146,880,754 22. 2015 3 20 0.40 1,175,476,637 470,190,655 2015 6 5 90 2015

23. 2015 6 30 2014 12 31 1 373,274,781 318,173,480 1 2 19,679,460 15,411,130 2 3 23,732,579 27,975,783 3 8,009,090 12,273,075 424,695,910 373,833,468 24. 2015 6 30 2014 12 31 25 11,475,910 11,315,264 28 8,146,384 19,622,294 11,315,264 91

24. 2015 6 30 2014 12 31 756,262 10,719,648 10,561,558 753,706 11,475,910 11,315,264 25. 2015 6 30 2014 12 31 945,328 14,933,380 19,374,169 899,956,900 16. 29,433,624 915,835,608 48,807,793 24 11,475,910 11,315,264 904,359,698 37,492,529 92 2015

25. 2015 6 30 2014 12 31 1 11,475,910 11,315,264 2 3,866,439 36,731,093 3 5 900,493,259 761,436 915,835,608 48,807,793 0.00%-6.56% 2014 12 31 0.00%-6.56% 93

26. 6 809,726,983 7,243,310 123,480,184 102,608,964 733,692 838,575,205 319,059,982 519,515,223 2014 339,255,907 661,470,202 190,999,126 809,726,983 329,643,512 480,083,471 94 2015

27. 2015 2014 6 30 12 31 193,167,559 175,627,641 52,346,000 42,894,000 245,513,559 218,521,641 49,777,204 49,528,830 195,736,355 168,992,811 95

27. 8MW 51,430,000 13,920,000 (5,445,834) 59,904,166 20,433,390 (227,459) 20,205,931 10,735,000 (1,393,333) 9,341,667 200KM ATP 10,291,667 (950,000) 9,341,667 6,000,000 (200,000) 5,800,000 14,224,000 316,000 14,540,000 3300V IGBT 3,200,000 3,200,000 SIC 53,170,000 53,170,000 SIC 17,000,000 17,000,000 6,800,000 6,800,000 9,207,584 (103,456) 9,104,128 33,030,000 10,636,000 (6,310,000) (250,000) 37,106,000 218,521,641 41,872,000 (14,630,082) (250,000) 245,513,559 96 2015

27. 2014 12 31 8MW 51,430,000 51,430,000 20,471,300 (37,910) 20,433,390 7,980,000 3,420,000 (665,000) 10,735,000 200KM ATP 12,191,667 (1,900,000) 10,291,667 11,067,000 (11,067,000) 37,631,700 (37,631,700) 6,400,000 (400,000) 6,000,000 14,224,000 14,224,000 3300V IGBT 3,200,000 3,200,000 SIC 30,290,000 22,880,000 53,170,000 6,800,000 6,800,000 9,414,496 (206,912) 9,207,584 31,537,300 13,270,000 (9,360,000) (2,417,300) 33,030,000 242,637,463 39,570,000 (61,268,522) (2,417,300) 218,521,641 97

28. 2015 2014 6 30 12 31 14,564,882 24 8,146,384 6,418,498 2015 4 9 1,456,379 13,311,008 2015 6 30 14,564,882 29. 2015 6 30 6 2014 5,631,283,306 3,882,348,394 1,219,829,085 2,394,818,236 125,169,878 234,466,501 470,190,655 411,416,823 6,255,751,858 5,631,283,306 2014 2015 6 5 2014 1,175,476,637 2014 0.40 470,190,655 98 2015

29. 2013 2014 6 27 2013 1,175,476,637 2013 0.35 411,416,823 2014 6 30 6 30. 2015 2014 6 30 6 30 6 6 5,625,159,398 5,112,414,604 97,801,688 68,002,953 5,722,961,086 5,180,417,557 99

30. 2015 2014 6 30 6 30 6 6 3,382,679,238 3,272,597,274 77,675,371 51,210,115 3,460,354,609 3,323,807,389 2015 2014 6 30 6 30 6 6 5,585,491,440 5,097,814,037 77,061,083 47,671,031 75,829,555 3,787,962 1,003,560 5,567,133 2,789,804 3,382,437 2,980,601 5,722,961,086 5,180,417,557 100 2015

31. 2015 2014 6 30 6 30 6 6 5 3,113,926 2,002,927 33,730,436 20,579,012 (20,437,630) 7,283,524 5,794,957 1,346,981 (45,259,183) (9,945,580) 32. 2015 2014 6 30 6 30 6 6 29,667,114 72,846,054 21,069,677 92,067,072 5,118,693 1,865,690 55,855,484 166,778,816 101

33. 2015 2014 6 30 6 30 6 6 35,038,335 32,016,196 37,761,389 39,772,739 72,799,724 71,788,935 34. 2015 2014 6 30 6 30 6 6 277,906 287,517 43,259,595 71,829,916 21,498,994 6,191,956 1,622,331 299,678 433,059 105,421 4,039,390 1,889,392 71,131,275 80,603,880 102 2015

35. 2015 2014 6 30 6 30 6 6 131,598 509,143 1,355,668 652,060 4,014,214 6,454 5,501,480 1,167,657 36. 2015 2014 6 30 6 30 6 6 2,978,430,708 2,937,217,144 (560,752,331) (1,009,520,284) 579,703,035 488,205,894 111,108,572 77,909,847 24,580,046 10,885,996 123,480,184 205,687,469 414,194,688 288,624,263 103

37. 2015 2014 6 30 6 30 6 6 235,087,221 227,332,524 1,592,595 19,051 236,679,816 227,351,575 (25,156,256) (30,420,949) 211,523,560 196,930,626 104 2015

37. 2015 2014 6 30 6 30 6 6 1,431,472,973 1,051,863,210 25% 357,868,243 262,965,803 3,203,393 91,931 (146,056,828) (106,433,498) (5,255,750) (4,802,430) (1,063,100) (25,714,937) (14,470,981) 1,832,795 700,827 25,520,881 58,528,157 77,513 1,121,768 (127,736) 48,250 419,885 211,523,560 196,930,626 105

38. 2015 2014 6 30 6 30 6 6 1,219,829,085 857,455,315 1,175,476,637 1,175,476,637 1.04 0.73 1.04 0.73 106 2015

39. (1) 2015 2014 6 30 6 30 6 6 1,219,949,413 854,932,584 55,855,484 166,778,816 111,108,572 77,909,847 24,580,046 10,885,996 112,943 2,645,618 (146,308) 221,626 33,210,318 3,113,926 2,002,927 (72,799,724) (71,788,935) (22,229,587) (27,424,781) 4,577,677 78,479 (1,123,651,531) (1,396,776,728) (213,466,258) (642,883,906) 645,051,348 1,158,626,973 632,056,001 168,418,834 107

39. (1) 2015 6 30 6 2014 3,892,757,309 2,647,816,044 2,647,816,044 3,118,401,874 1,244,941,265 (470,585,830) (2) 2015 2014 6 30 12 31 1,098,531,331 1,085,220,323 10,413,257 1,074,807,066 108 2015

39. (3) 2015 2014 6 30 12 31 61,291 44,547 3,563,024,208 1,922,009,968 314,500,000 719,319,059 15,171,810 6,442,470 3,892,757,309 2,647,816,044 40. 2015 2014 6 30 12 31 1 52,832,156 38,493,751 2 28,921,816 29,096,352 3 16,836,443 16,779,524 98,590,415 84,369,627 1 35,669,279 2014 12 31 21,953,359 17,162,877 2014 12 31 16,540,392 2 28,921,816 2014 12 31 29,096,352 3 16,836,443 2014 12 31 16,779,524 109

1. 51% 2015 4 30,000,000 51% 49% 15,300,000 2. SMD 100%2015 4 9SMD 2015 4 9 110 2015

2. SMD 2015 2015 4 9 4 9 10,413,257 10,413,257 115,694,349 115,694,349 16,467,662 16,467,662 212,280,647 212,280,647 5,350,421 5,350,421 2,497,304 2,497,304 58,576,978 49,622,844 1 414,032,940 583,265 583,265 (940,026,428) (940,026,428) (170,638,512) (170,638,512) (1,903,482) (1,903,482) (2,596,964) (2,596,964) (18,908,546) (18,908,546) (7,824,976) (7,824,976) (7,243,310) (7,243,310) (84,597,415) (397,842,810) (736,232,469) 13 556,347,713 158,504,903 2 111

2. ( ) SMD 3 1 SMD 45,300,000 414,032,940 2 120,192,054 1,098,531,331 SMD 102,849,781 940,026,428 17,342,273 158,504,903 15,885,894 145,193,895 1,456,379 13,311,008 3 SMD 2015 2016 10,100,000 92,311,980 SMD 2015 2016 7,000,000 63,978,600 1,456,379 13,311,008 SMD 2015 4 9 101,463,744 (17,058,775) (40,318,828) 112 2015

1. 148,826,200 100% 100% 80,000,000 100% 100% 101,000,000 100% 100% 29,000,000 100% 100% 56,000,000 100% 100% 281,655,300 85.8% 85.8% 3,000,000 100% 100% 75,000,000 60% 60% 30,000,000 60% 60% 10,000,000 100% 100% 10,000,000 100% 100% 100,000,000 45% 45% 50,000,000 51% 51% 30,000,000 51% 51% CSR Times Electric Australia Pty. Ltd. Times Australia 290,000 100% 100% Times Electric USA, LLC Times USA 430,000 100% 100% CSR Times Electric Brasil Ltda. Times Brasil 741,820 99% 1% 100% 113

1. Dynex 37,096,192 75% 75% Dynex Semiconductor Limited 15,000,000 75% 75% SMD 1,198,544.07 100% 100% Soil Machine Dynamics Limited 100 100% 100% Bywell Holdings Limited 85,409.25 100% 100% Specialist Machine Developments (Investment) Limited 2 100% 100% SMD Offshore Support Limited 2 100% 100% Soil Machine Dynamics USA LLC 0 100% 100% SMD Robotics Limited 1 100% 100% Soil Machine Dynamics Singapore Pte. Ltd. 1 100% 100% SMD do Brasil Ltd. 100 100% 100% Crossco 236 Limited 1 100% 100% SMD ROVs Limited 1 100% 100% SMD Specialist Vehicles Limited 1 100% 100% 6 14.2% 3,325,867 (1,943,949) 49,784,684 114 2015

1. 2014 14.2% 4,097,149 (2,691,236) 48,026,310 1,045,206,486 179,008,421 1,224,214,907 873,618,540 873,618,540 6 500,498,947 23,421,601 23,421,601 (37,858,138) 115

1. 2014 12 31 944,471,400 175,443,271 1,119,914,671 781,701,218 781,701,218 2014 783,213,883 24,530,417 24,530,417 248,353,080 116 2015

2. 50% 14,000,000 SMD-BORD 198 50% Limited SMD Energy Limited 2 50% 128,989,000 32,500,000 30% 50% 2015 2014 6 30 12 31 610,580,377 580,303,813 225,758,754 129,187,391 51,578,151 52,664,828 662,158,528 632,968,641 157,306,005 196,607,422 157,306,005 196,607,422 504,852,523 436,361,219 252,426,262 218,180,610 36,604,782 36,604,782 214,432,250 180,186,598 117

2. 2015 2014 6 30 6 30 6 6 800,271,483 707,541,706 22,135,668 22,730,478 68,491,304 67,600,745 68,491,304 67,600,745 2015 2014 6 30 6 30 6 6 60,251,166 54,936,306 792,683 (1,784,176) 792,683 (1,784,176) 118 2015

1. 900,000 900,000 23,174,915 23,174,915 904,359,698 904,359,698 93,338,286 93,338,286 2014 12 31 900,000 900,000 22,082,991 22,082,991 37,492,529 37,492,529 66,444,529 66,444,529 119

2. 2015 2014 2015 2014 6 30 12 31 6 30 12 31 900,000 900,000 900,000 900,000 23,174,915 22,082,991 23,174,915 22,082,991 2015 2014 2015 2014 6 30 12 31 6 30 12 31 904,359,698 37,492,529 904,359,698 37,492,529 93,338,286 66,444,529 93,338,286 66,444,529 120 2015

2. 2015 6 30 1. 4,264,500,000 50.29% 50.29% 2. 1. 121

3. 2. 4. 122 2015

4. 123

4. 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 124 2015

4. 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 125

4. 2015 6 1 2015 6 1 2015 6 1 2015 6 1 2015 6 1 126 2015

5. (1) 2015 2014 6 30 6 30 6 6 2,637,311,574 2,865,691,049 5,367,375 5,168,920 47,870,033 105,158,247 78,632 624,489 25,846 508,091,850 518,789,234 8,582,186 3,207,926,139 3,494,833,296 (2) 2015 2014 6 30 6 30 6 6 352,194,432 728,280,372 123,981 160,035,118 126,958,980 433,496 5,468,183 2,550,879 655,086,984 736,477,226 25,584,971 1,196,009,861 1,597,184,761 127

5. (3) 2015 2014 6 30 6 30 6 6 16,377 155,660 225,726 201,674 149,142 16,136 146,333 389,847 521,201 (4) 2015 2014 6 30 6 30 6 6 360,263 178,881 (5) 2015 2014 6 30 6 30 6 6 540,789 128 2015

5. (6) 2015 2014 6 30 6 30 6 6 6,890 741,559 748,449 (7) 2015 2014 6 30 6 30 6 6 1,810,668 1,626,972 2,320,000 238,799 1,217,886 4,369,467 2,844,858 129

5. (7) 2015 2014 6 30 6 30 6 6 92,404,333 8,900 647,335 256,672 93,051,668 265,572 2014 9 25 IGBT 17,404,625 2014 9 1 3 (8) 2015 2014 6 30 6 30 6 6 2,648,212 5,375,567 585,496 596,387 941,093 788,757 107,075 4,281,876 6,760,711 130 2015

5. (9) 2015 2014 6 30 6 30 6 6 11,191,145 61,937,094 30,229 2,063,995 11,221,374 64,001,089 (10) 2015 2014 6 30 6 30 6 6 84,136,000 50,293,521 80,000 3,962 84,216,000 50,297,483 (11) 2015 2014 6 30 6 30 6 6 1,380,000 131

5. (12) 2015 2014 6 30 6 30 6 6 12,900,000 (13) 2015 2014 6 30 6 30 6 6 3,935,207 (14) 2015 2014 6 30 6 30 6 6 2,545,450 2,049,153 132 2015

5. (15) 2015 1,252,060,950 503,462,200 1,755,523,150 2015 294,798,206 153,769,662 1,671,274 262,466,782 33,795,560 746,501,484 133

5. (15) 2015 92,404,333 2015 84,136,000 6. 2015 2014 6 30 12 31 2,087,899,218 949,181,928 4,539,086 27,844,865 154,840,538 161,395,656 46,000 150,000 732,656 1,512 317,560 16,958,323 61,716,239 10,041,158 2,275,374,539 1,200,290,200 134 2015

6. 2015 2014 6 30 12 31 834,431,605 2,109,650,000 89,171,768 62,671,768 77,158,288 84,113,288 186,623 1,079,235 1,001,840,896 2,256,621,679 2015 2014 6 30 12 31 20,000 40,000 1,239,084 820,349 892,070 35,000,000 20,000,000 36,259,084 21,752,419 135

6. 2015 2014 6 30 12 31 18,119 433,717 224,734 590,789 100,000 304,895 1,347,520 324,734 2015 2014 6 30 12 31 309,439,777 144,985,190 309,439,777 2014 12 31 144,985,190 350,000,000 136 2015

6. 2015 2014 6 30 12 31 341,067,565 152,245,864 126,212 2,232 104,575,971 38,825,286 1,374,580 1,489,686 7,696,884 8,077,503 1,125,151 113,075,133 139,594,684 28,501,431 597,542,927 340,235,255 2015 2014 6 30 12 31 25,080,000 102,080,000 37,667,040 53,602,220 900,000 1,050,000 2,606,421 120,000,000 150,000,000 986,160 187,239,621 306,732,220 137

6. 2015 2014 6 30 12 31 68,711,425 8,659,388 1,005 1,539,000 68,712,430 10,198,388 2015 2014 6 30 12 31 7,752,308 235,834,280 645,000 244,231,588 2015 2014 6 30 12 31 50,000 1,000,000 205,733,853 154,992,700 886,467 2,253,103 500,000 85,296 206,755,616 158,745,803 138 2015

6. 30% 14A 1. 2015 2014 6 30 12 31 107,755,550 110,473,601 672,446,918 645,220,445 780,202,468 755,694,046 72,500,000 22,500,000 935,600,000 1,008,100,000 22,500,000 139

2. 28. 2015 8 5 54.18% 0.34% 1.39% 140 2015

1. 2015 2014 6 30 6 30 6 6 5,722,961,086 5,180,417,557 2015 2014 6 30 6 30 6 6 5,460,526,756 5,047,787,556 262,434,330 132,630,001 5,722,961,086 5,180,417,557 141

1. 2015 2014 6 30 12 31 2,268,646,741 2,260,164,962 1,295,276,002 224,410,980 3,563,922,743 2,484,575,942 6 10% 2,711,275,868 2014 6 30 6 3,567,596,935 142 2015

2. 2015 2014 6 30 12 31 1 1 9,539,596 962,897 1 2 2 484,800 466,800 2 3 3 466,800 10,024,396 1,896,497 2015 2014 6 30 12 31 1 1 221,438,985 216,877,908 1 2 2 212,578,229 213,815,680 2 3 3 36,010,252 140,442,169 3 761,841 2,285,524 470,789,307 573,421,281 143

3. 2014 12 31 9,886,591,777 8,975,196,046 9,179,211,753 8,478,808,585 13,748,785,169 12,420,476,483 11,938,153,567 11,547,532,429 1. 6 2015 6 30 2014 12 31 6 3,256,793,310 2,465,983,270 6 1 1,012,327,995 256,534,331 1 2 512,082,353 397,207,221 2 3 34,961,319 25,197,912 3 5,048,773 6,354,159 4,821,213,750 3,151,276,893 126,401,971 99,729,772 4,694,811,779 3,051,547,121 18,571,137 19,847,943 4,676,240,642 3,031,699,178 144 2015

1. 2015 6 30 6 2014 99,729,772 38,595,681 37,109,997 63,798,423 166,380 (10,604,178) (276,807) (2,387,525) 126,401,971 99,729,772 2015 6 30 1,094,784,667 622,753,814 446,594,054 138,383,599 106,498,369 2,409,014,503 145

1. 2014 12 31 377,226,963 278,202,177 235,300,005 187,137,679 123,548,658 1,201,415,482 2. 2015 6 30 2014 12 31 1 103,623,040 71,660,143 1 2 23,062,633 23,307,383 2 3 24,017,937 31,078,496 3 73,766,523 74,915,642 224,470,133 200,961,664 4,725,028 4,501,538 219,745,105 196,460,126 146 2015

2. 2015 6 30 6 2014 4,501,538 2,505,868 316,244 1,995,670 (92,754) 4,725,028 4,501,538 2015 6 30 2014 12 31 27,090,000 40,215,000 142,100,588 133,573,212 8,018,126 8,999,268 42,536,391 13,672,646 219,745,105 196,460,126 147

2. 2015 6 30 49,290,376 47,890,802 37,600,000 1 27,090,000 2 17,000,000 178,871,178 2014 12 31 62,220,892 47,595,000 1 40,215,000 15,000,000 2 4,159,674 169,190,566 148 2015

3. 2015 6 30 2014 12 31 272,048,840 237,010,505 1,122,047,990 1,106,747,990 1,394,096,830 1,343,758,495 49,699,261 49,699,261 1,344,397,569 1,294,059,234 2015 6 30 6 2014 49,699,261 49,699,261 49,699,261 49,699,261 149

3. 6 180,186,598 34,245,652 214,432,250 49,577,867 610,651 50,188,518 7,246,040 182,032 7,428,072 56,823,907 792,683 57,616,590 237,010,505 35,038,335 272,048,840 150 2015

3. 2014 176,232,966 (36,604,782) 51,558,414 (11,000,000) 180,186,598 47,029,031 2,548,836 49,577,867 9,691,451 (2,445,411) 7,246,040 56,720,482 103,425 56,823,907 232,953,448 (36,604,782) 51,661,839 (11,000,000) 237,010,505 151

3. 6 182,977,618 182,977,618 133,507,255 133,507,255 29,000,000 29,000,000 Times USA 3,187,516 3,187,516 99,561,157 99,561,157 56,000,000 56,000,000 260,000,000 260,000,000 3,000,000 3,000,000 33,000,000 33,000,000 18,000,000 18,000,000 8,098,000 8,098,000 Times Australia 1,814,037 1,814,037 10,000,000 10,000,000 Times Brasil 4,062,679 4,062,679 22,500,000 22,500,000 15,300,000 15,300,000 25,500,000 25,500,000 890,208,262 15,300,000 905,508,262 Dynex 216,539,728 216,539,728 1,106,747,990 15,300,000 1,122,047,990 49,699,261 49,699,261 1,057,048,729 15,300,000 1,072,348,729 152 2015

3. 2014 182,977,618 182,977,618 133,507,255 133,507,255 29,000,000 29,000,000 Times USA 3,187,516 3,187,516 34,561,157 65,000,000 99,561,157 3,000,000 53,000,000 56,000,000 160,000,000 100,000,000 260,000,000 3,000,000 3,000,000 33,000,000 33,000,000 18,000,000 18,000,000 8,098,000 8,098,000 Times Australia 1,814,037 1,814,037 10,000,000 10,000,000 Times Brasil 4,062,679 4,062,679 22,500,000 22,500,000 25,500,000 25,500,000 624,208,262 266,000,000 890,208,262 Dynex 216,539,728 216,539,728 840,747,990 266,000,000 1,106,747,990 49,699,261 49,699,261 791,048,729 266,000,000 1,057,048,729 153

4. 2015 6 30 6 2014 6 30 6 4,813,431,293 4,635,379,113 140,781,634 83,247,199 4,954,212,927 4,718,626,312 2015 6 30 6 2014 6 30 6 2,926,515,114 3,029,934,119 109,410,967 69,605,341 3,035,926,081 3,099,539,460 154 2015

4. 2015 6 30 6 2014 6 30 6 4,907,279,840 4,636,437,048 39,209,493 75,829,555 500,000 4,235,889 2,863,357 3,487,705 2,996,352 4,954,212,927 4,718,626,312 5. 2015 6 30 6 2014 6 30 6 137,094,738 154,792,313 35,038,335 32,016,196 34,983,506 39,772,739 207,116,579 226,581,248 155

6. (1) 2015 6 30 6 2014 6 30 6 1,251,698,774 950,404,855 48,449,882 154,200,918 80,073,728 48,043,581 7,942,528 6,877,544 (180,721) 312,920 (207,116,579) (226,581,248) (14,864,139) (26,470,776) (997,113,022) (1,284,291,089) (176,748,402) (629,956,003) 560,583,860 1,101,261,996 552,725,909 93,802,698 2015 6 30 6 2014 3,079,702,910 2,214,865,319 2,214,865,319 2,763,730,041 864,837,591 (548,864,722) 156 2015

6. (2) 2015 6 30 2014 12 31 2,779,702,910 1,624,917,803 300,000,000 589,947,516 3,079,702,910 2,214,865,319 7. (1) 2015 6 30 6 2014 6 30 6 249,628,629 148,849,391 2,619,335,416 2,862,817,273 5,367,375 5,162,253 39,187,612 69,522,445 508,069,235 518,789,234 8,582,186 3,430,170,453 3,605,140,596 157

7. (2) 2015 6 30 6 2014 6 30 6 350,051,021 203,234,517 326,561,150 714,130,739 123,981 155,017,567 106,562,022 325,769 4,626,952 2,550,879 655,086,984 736,477,226 24,470,994 1,514,188,345 1,765,031,456 (3) 2015 6 30 6 2014 6 30 6 228,019 183,425 16,377 155,660 150,139 201,674 149,142 16,136 97,191 617,866 579,897 158 2015

7. (4) 2015 6 30 6 2014 6 30 6 39,645 360,263 75,588 399,908 75,588 (5) 2015 6 30 6 2014 6 30 6 540,789 (6) 2015 6 30 6 2014 6 30 6 6,890 159

7. (7) 2015 6 30 6 2014 6 30 6 1,934,523 1,810,668 1,626,972 2,320,000 238,799 1,217,886 6,303,990 2,844,858 2015 2014 6 30 6 30 6 6 92,404,333 8,900 647,335 256,672 93,051,668 265,572 2014 9 25 IGBT 17,404,625 2014 9 1 3 160 2015

7. (8) 2015 2014 6 30 6 30 6 6 2,648,212 5,375,567 585,496 596,387 941,093 788,757 107,075 4,281,876 6,760,711 (9) 2015 2014 6 30 6 30 6 6 11,191,145 61,937,093 30,229 2,063,995 11,221,374 64,001,088 161

7. (10) 2015 2014 6 30 6 30 6 6 84,136,000 50,293,521 80,000 3,962 84,216,000 50,297,483 (11) 2015 2014 6 30 6 30 6 6 1,380,000 (12) 2015 2014 6 30 6 30 6 6 12,900,000 162 2015

7. (13) 2015 2014 6 30 6 30 6 6 3,935,207 (14) 6 479,105,000 2015/4/1 2018/4/1 365,862,000 2015/4/2 2018/4/2 296,174,000 2015/3/31 2018/3/31 8. 2015 2014 6 30 12 31 799,958,009 610,578,843 2,075,625,554 932,952,242 4,520,086 27,824,865 145,423,922 157,472,750 317,560 16,931,863 61,716,239 10,041,158 3,052,818,152 1,790,544,939 163

8. 2015 2014 6 30 12 31 181,570 818,795,710 2,107,550,000 89,171,768 62,671,768 75,184,148 79,282,848 1,079,235 984,230,861 2,249,686,186 2015 2014 6 30 12 31 27,000,000 30,000,000 2015 2014 6 30 12 31 23,124,147 58,780,996 20,000 40,000 635,283 71,439 892,070 35,000,000 20,000,000 58,779,430 79,784,505 164 2015

8. 2015 2014 6 30 12 31 142,100,588 133,573,212 13,069 433,717 4,840 540,789 50,000 304,895 143,393,058 133,628,052 2015 2014 6 30 12 31 378,119,200 31,000,000 2015 2014 6 30 12 31 309,439,777 144,985,190 309,439,777 2014 12 31 144,985,190 350,000,000 165

8. 2015 2014 6 30 12 31 321,978,742 280,081,871 301,911,565 132,258,548 126,212 2,232 101,091,290 32,071,157 620,946 295,176 7,696,884 8,077,503 1,125,151 113,075,133 139,594,684 28,317,946 875,943,869 592,381,171 2015 2014 6 30 12 31 5,200,000 31,330,000 16,460,000 93,170,000 35,667,040 48,802,220 2,606,421 120,000,000 150,000,000 986,160 180,919,621 323,302,220 166 2015

8. 2015 2014 6 30 12 31 206,892 68,711,425 6,833,747 68,711,425 7,040,639 2015 2014 6 30 12 31 7,752,308 235,834,280 645,000 244,231,588 167

8. 2015 2014 6 30 12 31 47,562,240 99,923,607 50,000 1,000,000 205,733,853 154,992,700 886,467 2,253,103 500,000 85,296 254,317,856 258,669,410 168 2015

841.4 715.5 2,418.4 2,830.2 836.6 503.7 734.6 529.4 249.1 209.8 295.8 261.6 347.1 130.2 5,723.0 5,180.4 5,180.4 542.6 5,723.0 10.5% 332.9 1 1 216.9 3,323.8 136.6 3,460.4 169

1,856.6 406.0 2,262.6 35.8% 39.5% 274.8 31.4 243.4 494.2 184.8 679.0 9.9 35.4 45.3 166.8 110.9 55.9 71.8 1.0 72.8 170 2015

80.6 9.5 71.1 1.2 4.3 5.5 1,051.9 379.6 1,431.5 20.3% 25.0% 196.9 14.6 211.5 15% 15% 25% 18.7% 14.8% 171

857.5 362.3 1,219.8 16.6% 21.3% 2.5 2.6 0.1 0.73 0.31 1.04 3,892.8 1,244.9 632.1 5,427.9 289.0 1,074.8 172 2015

902.4 945.5 2015 2014 6 30 12 31 107.8 110.5 672.4 645.2 780.2 755.7 72.5 22.5 935.6 1,008.1 22.5 173

2015 2014 6 30 12 31 80.2 4.4 915.8 48.8 996.0 53.2 2015 2014 6 30 12 31 1 91.7 15.7 2 3.9 36.7 3 5 900.4 0.8 996.0 53.2 0.00%-7.33% 2014 12 31 0.00%- 6.56% 2015 6 30 78.8 2014 12 31 33.8 2014 12 31 750.9 296.2 28.9 2014 12 31 29.1 16.8 2014 12 31 16.8 174 2015

15.2% 19.8% SMD 100% 2015 4 9 SMD 2015 4 9 SMD 120.1 1,098.5 SMD 102.8 940.0 17.3 158.5 15.8 145.2 1.5 13.3 175

SMD 2015 2016 10.1 92.3 SMD 2015 2016 7.0 64.0 1.5 13.3 2015 4 9 SMD 1.5 13.3 14.6 2015 6 30 176 2015

2015 8 5 54.18% 0.34% 1.39% 177

1. A.6.7 A.6.7 2. 3. 178 2015

4. 5. 179

XV XV 352 180 2015

589,585,699 50.16% H 1,612,500 0.13% 9,380,769 0.80% 9,380,769 0.80% 10,000,000 0.85% 9,800,000 0.83% H 545,716,900 46.43% 1,175,476,637 100% 181

XV 2 3 H 1 589,585,699 93.86% 50.16% 1,612,500 0.29% 0.13% 2 608,966,468 96.95% 51.81% 1,612,500 0.29% 0.13% Schroders Plc 32,762,573 5.99% 2.79% JPMorgan Chase & Co. 3 1,401,844 0.26% 0.12% 23,000 0.00% 0.00% 436,500 0.08% 0.04% 30,819,986 5.63% 2.62% 182 2015

H BlackRock, Inc. 4 29,968,009 5.48% 2.55% 137,500 0.03% 0.01% Fortis Investment Management SA 5 Value Partners Group Limited 6 23,544,000 4.30% 2.00% 28,134,000 5.14% 2.39% (1) 1,612,500 H (2) 100% (3) JPMorgan Chase & Co 23,000 H (4) BlackRock, Inc. 315,500 H 9,500 H BlackRock, Inc. (5) Fortis Investment Management SA (6) Value Partners Group Limited 183

1. 1,175,476,637 0.40 470.2 2. A 184 2015

6,683 579.7 262 9,868,000 IPD 2-3 5 10 SMD SMD SMD Investment SMD SMD Investment SMD Investment Bywell Holdings SMD SMD Investment Bywell Holdings 185

1 Zhuzhou CSR Times Electric Co., Ltd. 2 3 412001 +86 731 2849 8028 +86 731 2849 3447 http://www.timeselectric.cn 18 11 1106 4 H 3898 5 H 183 17M 6 7 1 16 100738 186 2015

85.8% Bywell Holdings Bywell Holdings Limited SMD A H A H 187

Dynex Dynex Power Inc. DNX 75% Dynex Semiconductor Limited 60% 60% 188 2015

45% 571 51% 50% 40% 10% SMD Specialist Machine Developments (SMD) Limited SMD SMD SMD Investment Specialist Machine Developments (Investment) Limited SMD 189

190 2015