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1 二零零八年度中期報告

2

3 2007 (%) 24,874 21, % 2,375 1, % 1, % % % % 2

4 2008 3C , %1, % 1, % % , % ,800,

5 , %

6

7 % % 3.7% 9, % 5 6

8 % %22.67% 19.41% ,0563.8% 2.22%

9 1, % 61%34% C C26.63% 25.33%3C 8

10 24,874 21, % % ,437 18, % 5.41% 7.05% 3.87% 6.55% 10.20% 31.07% 9.82% 29.91% 14.16% 14.91% 17.49% 14.62% 18.29% 16.65% AV IT 9

11 22, ,215 2,3751, % 9.55% 07 AV 9.91% 9.73% 9.10% 8.70% 10.21% 9.94% 7.45% 6.87% 13.31% 12.78% IT 5.39% 4.00% 9.19% 8.64% 9.55% 9.18% 10

12 4.94% 4.66% % 4.66% 0.54% 0.58% 0.21% 0.21% 0.07% 0.1% 0.37% 0% 0.23% 0% 0.42% 0.19% 6.78% 5.74% 16.33% 14.92%1.41% 11

13 % 7.97% 1.51% 1.79% 1.01% 0.93% 11.22% 10.69% % 3.50% 1.79% 1.53% 0.69% 0.63% 0.42% 0.37% 0.18% 0.15% 0.71% 0.71% 0.99% 1.08% 8.70% 7.97% 12

14 7% % % 1.51%

15 1, , , ,270 5, ,383 1, ,212 14, ,

16 % % , , , , ,001 1, % , ,000 15

17 VI 16

18 8 18 (852) (852)

19

20 (a) 24,873,694 21,157,226 (22,498,846) (19,215,392) 2,374,848 1,941,834 3(b) 1,686,836 1,214,483 (2,163,691) (1,687,040) (375,917) (379,512) (250,384) (196,028) 1,271, ,737 6 (108,851) (71,670) 6 268, , (11,400) (410,640) 5 1,420, ,755 7 (233,364) (151,412) 1,187, ,343 1,149, ,391 37,274 13,952 1,187, , , ,

21 ,739,780 3,144, , , ,351,012 3,343, , , , , , , ,744 47,415 55,873 8,370,017 7,499, ,058 30,000 30, ,000,000 1,500, ,416,270 5,383, ,514 97, ,690,312 2,211, ,068 79, , ,001,485 6,614, ,397,466 6,269,996 20,742,954 22,337,559 29,112,971 29,837,493 20

22 , ,764 7,981,601 9,630, , ,629 8,657,878 10,302, ,942 89,689 8,784,820 10,392,668 80,431 80, ,294,893 3,184,303 3,375,324 3,264, , , ,302,117 13,556,545 1,945,088 1,939, , ,851 16,952,827 16,180,091 20,328,151 19,444,825 29,112,971 29,837,493 21

23 ,764 8,263, (216,966) 568,329 (80,593) 1,095, ,629 10,302,979 89,689 10,392, (298,172) (298,172) (298,172) (112,313) (112,313) (112,313) (298,172) (112,313) (410,485) (410,485) 1,149,755 1,149,755 37,274 1,187,029 (298,172) (112,313) 1,149, ,270 37, , (11,973) (2,055,584) (2,067,557) (2,067,557) (210) (210) (21) (231) 23 12,025 (328,629) (316,604) (316,604) (344,486) 344, ,791 6,207,709* 657* (216,966)* (298,172)* 568,119* (192,906)* 1,913,160* 344,486 8,657, ,942 8,784, ,009 5,235, (1,632,736) 368,800 1, , ,118 5,151,606 88,783 5,240,389 (44,138) (44,138) (44,138) (44,138) (44,138) (44,138) 395, ,391 13, ,343 (44,138) 395, ,253 13, ,205 1, , ,435 (33,642) 77,793 (5,980) (5,980) 8, , , , ,415,770 1,415,770 1,415,770 10,780 1,422,960 1,433,740 1,433,740 (1,434) (1,434) (1,434) (110,118) (110,118) (110,118) 2007 (254,193) 254, ,040 7,594, (216,966) 368,800 (42,499) 892, ,193 9,188,754 63,113 9,251,867 * ,981,601,000 22

24 ,420, ,755 6 (268,952) (149,328) 6 108,851 71, , , , ,134 5 (671) 4,577 (3) 5 3,507 4, ,106 4,521 1,434,005 1,039,580 (37,782) (151,787) (33,231) 191,194 (32,795) (4,275) 599,861 (189,398) 2, , ,000 (386,760) (2,904,220) 745,572 2,541,171 49, ,868 (120,326) 2,491, , , ,438 (316,604) (110,118) (103,135) (94,427) 2,262, ,424 23

25 ,262, ,424 (776,616) (414,568) 16,349 5,091 (542,792) 22 (8,000) (35,000) (59,300) 12 (1,500,000) (13,158) (2,846,059) (481,935) 1,433,740 (1,434) 18 (2,067,557) 4,600,000 (71,860) 100, ,000 (200,000) (319,330) (9,661) (22,620) (2,177,218) 5,818,496 (2,760,703) 5,868,985 6,269,996 1,451,837 (111,827) (53,028) 3,397,466 7,267,794 3,322,957 2,802,589 74,509 4,465, ,397,466 7,267,794 24

26 Canon s Court, 22 Victoria Street, Hamilton HM12, Bermuda

27 (a) ,873,694 21,157,226 (b) ,228, ,375 (i) 135, ,003 58,146 53,060 44,478 91, (ii) 16,830 20,417 40,560 13,093 61,879 26,863 1,686,836 1,214,483 (i) 25 (ii) 26

28 % 90% 90% ,498,846 19,215, , ,134 3,507 4,584 5,106 4,521 (671) 4, , ,935 (91,987) (254) , ,400 3,700 11, ,640 73,024 35,477 2,379 36,785 3,500 2, , , ,019 63,069 10,844 59, , ,743 27

29 (9,661) (15,355) 19 (99,190) (56,315) (108,851) (71,670) 173, ,328 95, , ,328 25% %

30 , ,867 8,458 (30,455) 233, , ,149, ,391 29

31 (i) 12,851,668 12,413,944 48,946 22,874 12,900,614 12,436,818 (i) (b) (ii)

32 ,378, ,406, ,343, , ,351, , ,000, % 31

33 ,172, , , % (i) (ii) ,337,739 5,278,968 78, ,071 5,416,270 5,383,039 32

34 ,709 94, , , ,226 1, ,514 97, , , ,029 1,114, , ,696 1,690,312 2,211,998 33

35 (i) 76,068 78, ,068 79,024 (i) ,322,957 2,529,443 7,075,994 10,355,278 10,398,951 12,884,721 (5,009,826) (4,488,709) (1,991,659) (2,090,005) (36,011) (7,001,485) (6,614,725) 3,397,466 6,269,996 34

36 ,133,080, ,549,969, ,000,000 5,000,000 5,300,000 b 150,000, ,000,000 5,000,000 5,300, ,319, , ,764 a (129,800) (12,980) (11,973) b 9,569, ,758, , ,791 35

37 (a) 2,236,671,0002,063,040, ,800, ,055,584,000 (b) ,758,755, ,241,244, ,474,993 3,375,803 (180,100) (191,500) 3,294,893 3,184, , (a) (b) % % 36

38 (c) %20 130% 2014(1) (2) (3)5.38% (b) ,305,362 (143,600) 1,438,238 4,600,000 (49,392) (22,468) (71,860) 119, ,833 (47,900) (47,900) ,375,803 (191,500) 1,415,770 4,600,073 99,190 99,190 11,400 11, ,474,993 (180,100) 1,415,770 4,710,663 37

39 , , % 7.47% ,302,117 13,556, ,442,560 9,299, ,498,730 3,841, , ,766 14,302,117 13,556, (i) (ii) (iii) (iv) (v) (vi) 9 251,469, ,469, (a)(v) 38

40 ,000 10,000 10,000 10,000 (10,000) (10,000) 10,000 10,000 8,000 18,000 18,000 (10,000) 8, ,000 39

41 , , , ,193 (i) 129,800,000 18(a) 2007 (ii) ,763, ,486, ,758,756, ,970, ,193, ,258,890,000 (iii)

42 ,197,853 1,798, ,416,136 5,784, ,093,350 3,755,870 12,707,339 11,338,

43 , , , , , , , , , ,412 42

44

45 (a) (a) (i) 19,589 2,072 (b) (i) (1,687) (c) (ii)&3(b) 134, ,003 (d) (iii) (1,837) (2,083) (e) (iv) 4,191 17,680 (f) (v) 353, ,000 (g) (vi) (i) (ii) 0.6% 0.9% 44

46 (a) (iii) 523,000 (iv) (1)12 (2) 5% (v) (vi) 250, ,000 (b) ,243 4, ,059 4,

47 XV ,920,000 (2) 4,329,198,212 (1) 4,535,118, ,329,198,212 (1) 205,920,000 (2) 4,535,118, ,434,464 (3) 394,693,600 (4) 929,128, ,800,000,000Shinning Crown Holdings Inc. 529,198,212 Shine Group Limited ,120,000Smart Captain Holdings Limited 4,800, Retail Management Company Limited 4. The Retail Management Trust Retail Management Company Limited 46

48 ,534, ,465, ,000, Retail Management Company Limited 672,000, XV

49

50 XV Retail Management 929,128, Company Limited 1 672,000, JPMorgan Chase & Co. 1,133,073, ,402, ,895, Morgan Stanley 4 1,042,454, ,984, Capital Research and 908,476, Management Company 5 T. Rowe Price Associates, 767,822, Inc. 6 49

51 1. Retail Management Company Limited 2. JPMorgan Chase & Co. 12,430,823 6,402, ,748,000895,895,076 JPMorgan Chase Bank, N.A.906,575,076J.P. Morgan Investment Management Inc.53,536,000JPMorgan Asset Management (UK) Limited160,532,000J.P. Morgan Whitefriars Inc.5,988,000 J.P. Morgan Securities Ltd.5,442,823 5,402,000 Bear, Stearns International Limited1,000,000 1,000,000 JPMorgan Chase & Co. 3. 1,133,073,899JPMorgan Chase & Co. 40, Morgan StanleyMorgan Stanley Investment Management Company755,915,484Morgan Stanley Securities Limited 15,920Morgan Stanley & Co. International plc.200,846, ,284,997Morgan Stanley Hong Kong Securities Limited46,924 60,000Morgan Stanley Asset & Investment Trust Management Co., Limited 35,824,000MSDW Equity Finance Services I (Cayman) Limited42,682,488 42,682,488Morgan Stanley Swiss Holdings GmbH74,352 Morgan Stanley Capital (Cayman Islands) Limited1,768,000Morgan Stanley Capital Services Inc.4,331,723Morgan Stanley Capital (Luxembourg) S.A. 2,132,000Morgan Stanley Hedging Co. Ltd.114, ,443 Morgan Stanley & Co., Inc.486,545 58,623 Morgan Stanley 5. The Capital Group Companies, Inc.Capital Research and Management Company 6. T. Rowe Price Associates, Inc. 50

52 XV

53 ,811, ,250, ,244, ,989,000 1,579,420, ,956, ,800,000 2,236,671, ,200,

54 (i) (ii) % (1)10.3%

55 Mark Christopher GREAVES Thomas Joseph MANNING Canon s Court 22 Victoria Street Hamilton HM12 Bermuda Butterfield Fund Services (Bermuda) Limited 14 Bermudiana Road Hamilton Bermuda

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