NANHAI DEVELOPMENT CO., LTD (600323)

2008 Semiannual Report Financial Highlights

Total assets: RMB 1,515,129,470
Shareholders’ equity: RMB 898,423,092
Net asset value per share: RMB 3.31

Gross revenue: RMB 196,858,969
Net profit: RMB 51,834,279
Net profit after deducting non-recurring gains and losses: RMB 52,613,678
Basic EPS: RMB 0.19
Return on equity: 5.77%
Net cash flow per share arising from operating activities: RMB 0.28

Board of Directors
21 Aug 2008


Source: Shanghai Stock Exchange

Date: 21 Aug 2008

CN01/VW/DM/KM

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