NANHAI DEVELOPMENT CO., LTD (600323)

3Q 2008 Net Profit: RMB 29.95 Mln

As of the end of 3Q 2008:

Total assets: RMB 1,639,622,608
Shareholders' equity: RMB 928,375,094
Net assets value per share: RMB 3.42

3Q 2008:

Net profit: RMB 29,952,002
Basic earnings per share: RMB 0.11
Diluted return on equity: 3.23%
Diluted return on equity after deducting non-recurring gains and losses: 3.22%

1Q-3Q 2008:

Net profit: RMB 81,786,281
Basic earnings per share: RMB 0.30
Basic earnings per share after deducting non-recurring gains and losses: RMB 0.30
Diluted return on equity: 8.81%
Diluted return on equity after deducting non-recurring gains and losses: 8.74%
Net cash flow per share arising from operating activities: RMB 0.52

Board of Directors
27 Oct 2008


Source: Shanghai Stock Exchange

Date: 27 Oct 2008

CN01/RP/JL/NK/KM

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