上海二纺机股份有限公司

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3 1. SHANGHAI ERFANGJI CO.,LTD (021) *2673 (021) (021) public7.sta.net.cn 687 (021) *2673 (021) (021) public7.sta.net.cn B A B : :30, , ; , ; , ; , ;

4 1 15,582, ,152, ,590, ,486, ,834, ,760, ,962, , ,557, ,338, ,010, ,479, , , , ,562, , ,718, ,743, B A ( ) , , , , (209.20) (0.5) , , ,503.04

5 ( ) 2004 : : (%) 1,183,812, ,027,163, ,027,163, ,592, ,592, ,582, ,492, ,492, ,654, ,654, ,152, ,815, ,815, ,002, ,002, ,590, ,923, ,923, ,515, ,515, (%) 1,317,273, ,394,150, ,394,150, ,251,765, ,251,765, ,852, ,030, ,030, ,137, ,137, ,338, ,480, ,480, , ,152, ,152, % (%) % , % %

6 (%) = / = / = / = / = / 100% % ( ) 566,449, ,379, ,614, ,563, ,205, , ,030, , ,441, , ,152, ,091, ,263, ,441, ,441, ,449, ,140, ,056, ,377, ,916, ,709, ,852,

7 1 262,342, ,342, ,342, ,342, ,342, ,342, ,181, ,181, ,925, ,925, ,106, ,106, ,449, ,449, : ,177 A 47,967 B 43,

8 1 ( ) (%) 0 262,342, , , , , , , , , , ( ) ( ) 262,342, % 2 ( ) ,,,,,,,,,,,,,, 3 4

9 100% 100% 46.31% 6 A B H 755,527 B 666,100 B 655,600 B 643,805 B 560,811 B 554,500 B 553,000 B 525,100 B 497,740 B 492,470 B

10 ( ) ( ) , 2 ( )

11 ( ) ( )

12

13 1 2 3 : : 740, , ,243 90, ,

14

15

16

17 OO ( )

18 , ,

19 , , % 1, EJK211 EJM971 EJM138JL EJK EJM168 EJK %

20 2004 OA (1) (2) : : (%) (%) 1. 1,208,383, ,426, ,035, ,229, ,326, ,025, ,269, ,497, ,826,015, ,178, : 75,121, ,463, ,826,015, / 160,178, / 642,202, / 1,195, / 1,183,812, ,983, (3) : : (%) (%) 957,822, ,544, ,192, ,633, ,826,015, ,178,

21 :75,121, ,463, ,826,015, / 160,178, / 642,202, / 1,195, / 1,183,812, ,983, , (4) : : (%) (%) 417,087, ,592, ,752, , ,486, , ,732, , ,071, ,718, ,740, ,277, ,061, ,407, ,872, ,532, ,388, ,143, ,820, ,926, ,826,015, ,178, :75,121, ,463, ,826,015, / 160,178, / 642,202, / 1,195, / 1,183,812, ,983, (5) 10% : : (%) 1. 1,208,383, ,065,956, ,035, ,806, ,326, , ,269, ,772, ,826,015, ,665,836, ,822, ,277, ,192, ,558, ,826,015, ,665,836, (6) 2004, ,

22 : : ( ) 100, , : : 206,097, ,464, : : 1,317,273, ,394,150, ,876, ,486, ,124, ,638, ,152, ,815, , ,010, ,478, ,489, ,852, ,030, ,821, (1) 3335

23 (2) (3) (4) (5) (1) (2)

24 (3) (4) (5) (6) (7) (8) (9) %

25 1, , % % , : 2004 : ,

26 OO , , % 70% 2 3 4

27 , , , , , , , , , , , , , , , , , , ,309.33

28 ,679,783 (2) 381

29 ,679, % , %

30 2 1 34,146, ,578, ,337, ,784, ,121, : : ,000,000 60,000,000 60,000,000 ( ) 60,000,000

31 60,000,000 60,000, ,000, % 5% ,,,

32 ,854, ,120, ,562, ,724, ,162, ,813, ,004, ,980, ,562, ,676, ,114, ,870, , , , , , , , , , , , ,690, ,991, ,318, ,318, ,364, ,226, ,349, ,146, ,146, ,655, ,464, ,340, ,171, ,171, ,708, , ,299, ,176, , ,299, ,176, ,603, ,130, ,941, ,941, ,791, ,031, ,130, ,680, ,161, ,297, , ,680, ,616, ,274, , ,012, ,300, ,300, ,300, ,300, ,332, ,542, ,562, ,991, ,429, ,444,

33 % % 1 208,526, ,516, , ,515, ,281, , , ,191, ,797, ,635, ,144, ,491, , ,441, ,567, , , ,152, ,446, ,164, ,680, ,709, , ,916, ,205, ,496, ,645, ,930, ,999, ,962, ,390, , , ,944, ,119, ,916, ,205,

34 : : : 208,526, ,516, ,391, ,915, , , ,442, ,670, ,687, ,140, ,723, ,356, ,918, ,590, ,142, ,813, ,280, ,031, ,515, ,281, ,444, ,827, ,716, ,125, ,925, ,372, , , ,094, ,265, ,647, ,369, ,191, ,797, ,761, ,649, ,191, ,797, ,761, ,649, , , ,090,250, ,096,328, ,030,209, ,036,154, ,139, ,354, ,932, ,414, ,110, ,973, ,277, ,739, ,791, ,603, ,663, ,344, ,319, ,370, ,613, ,395, ,029, ,569, ,757, ,658,669.00

35 513,349, ,939, ,371, ,054, ,638, ,512, ,638, ,336, ,635, ,638, ,147, ,638, ,336, ,317,273, ,394,150, ,243,419, ,309,409, ,650, ,000, ,650, ,400, , , ,560, ,263, ,388, ,465, ,144, ,491, ,772, ,223, ,286, ,383, , , ,441, ,567, ,360, ,516, , , , , ,152, ,446, ,887, ,013, ,164, ,680, ,950, ,668, ,654, ,074, ,900, ,903, ,082, ,082, ,082, ,082, ,737, ,157, ,900, ,903, ,684, ,962, ,449, ,449, ,449, ,449, ,449, ,449, ,449, ,449, ,140, ,379, ,140, ,379, ,056, ,614, ,564, ,451, ,377, ,563, , ,875.61

36 12,916, ,205, ,364, ,225, ,709, , ,852, ,030, ,518, ,506, ,317,273, ,394,150, ,243,419, ,309,409, : : :

37 2004 : : : 1,183,812, ,027,163, ,317, ,025, ,024,829, ,392, ,661, ,761, ,496, ,645, , ,894, ,486, ,124, ,138, ,370, ,834, ,091, , ,607, : 22,930, ,999, ,756, ,722, ,833, ,044, ,350, ,834, ,317, ,606, ,586, ,479, ,760, ,566, ,082, ,058, ,962, ,390, ,651, ,601, , , , ,944, ,119, ,496, ,002, ,387, ,703, ,525, ,319, ,582, ,492, ,841, ,226, ,590, ,102, ,589, ,548, , , ( ) - 2,091, , ,152, ,815, ,251, ,677, ,205, ,858, ,225, ,818, ,818, ,818, ,357, ,776, ,477, ,677, ,627, ,380, , , , ,190, , , ( ) 12,916, ,205, ,364, ,225,885.26

38 ( - ) ( ) 4. ( ) ,916, ,205, ,364, ,225, : : :

39 2004 : : : 1,019,287, ,533, ,670, ,889, ,710, ,155, ,163,668, ,579, ,035, ,751, ,375, ,295, ,144, ,451, ,775, ,692, ,075,330, ,190, ,338, ,388, ,608, ,304, , ,140, ,006, ,492, ,832, ,937, ,901, ,831, ,901, ,831, ,931, ,106, ,750, ,750, ,750, ,750, ,100, ,500, ,810, ,283, , ,910, ,783, ,160, ,033,592.45

40 -98, , ,010, ,476, ,152, ,251, ( - ) 930, ,091, ,542, ,489, ,180, ,103, ,001, , ,178, , ,484, ,282, ( : -30,145, ,424, ) 6, ,598, ,269, ,567, ,944, ,986, , ( ) -127,032, ,674, ( ) 141,130, ,679, ,338, ,388, ,526, ,391, ,516, ,915, ,010, ,476, : : :

41 (2005) OO

42 [1991] A B 1 B ,449, < >

43

44 [2004]

45 % % % %

46

47 % 12,418, ,176, ,180, ,180, ,500, ,500, ,000, ,500, ,000, ,000, ,350, ,000, ,000, ,400, ,000, ,000, ,000, ,100, ,000, ,000, ,000, ,000, ,700, ,675, ,000, , ,180, ,

48 ,344, % 3,011, % 84, % 3 2 3,649, ,011, , , % 372, , ,673, ,283, ,480, ,752, ,526, ,516, , , ,808, ,867, , , , , , , , , ,010,

49 , , , ,442, ,670, ,227, % ,790, % 5% 6,239, ,013, % 5% 5,900, ,240, % 10% 424, ,375, % 10% 137, , % 20% 54, ,070, % 20% 614, ,277, % 50% 3,138, ,484, % 50% 2,742, ,014, % 100% 13,014, ,418, % 50%-100% 23,610, ,594, % ,870, ,361, % ,004, ,158, ,014, %, 33 6,277, % 4 3 1,562, ,632, ,058,800.00

50 1 1 1,053, % 5% 52, ,916, % 5% 245, ,039, % 10% 403, , % 10% 44, , % 20% 88, , % 20% 142, , % 50% 154, , % 50% 177, , % 100% 243, , % 50%-100% 239, ,084, % , ,662, % , ,692, , %, , % , , , , ,515, % 35,205, % , % ,515, % 35,281, % ,765,

51 1 2 9,202, ,747, ,982, ,708, ,098, ,464, ,774, ,690, ,231, ,610, , , ,016, , ,471, ,889, ,899, ,723, ,616, ,757, ,599, ,202, ,562, ,303, ,080, ,364, ,816, ,690, , , , , , ,367, ,176, ,673, , ,217, , ,266, ,266, , ,266, , ,107, ,107, ,107, , , ,390, ,390, ,390, ,083, ,584, ,584, ,584, , , , , , , , , , , , , , , , , , ,040, ,040, ,010, ,040, , , , , , ,911, ,911, ,911, ,500, ST 535, ,605, ,605, ,605, ,943, ,120, ,120, ,120, , , , ,306, ,306, ,176, ,418,149.12

52 2 A , , B % 289, , , ,100, ,100, % 1,784, , , , ,675, , ,778, % 977, , , , % 6,351, , , , , ,563, , ,260, % 500, , , ,903, ,365, , , , , ,838, ,299, ,538, C % , , % 956, ,307, ,307, ,000, ,263, ,263, % 649, , , , ,606, ,307, , ,042, ,500, ,413, ,913, D % 214, , , , , , , , ,214, ,010, , ,299, ,176, ,381, , , , , , , , ,410.60

53 4 21,305, ,337, ,550, ,479, ,838, ,080, ,237, ,047, ,021, ,106, ,963, ,301, ,945, ,843, ,403, ,500, , ,795, ,645, ,096,328, ,747, ,825, ,090,250, ,617, ,890, ,780, ,685, ,526, ,938, ,165, ,670, , ,926, ,296, ,316, ,312, ,299, ,112, , ,760, ,974, ,354, ,293, ,509, ,139, ,031, ,130, ,161, ,297, ,680, ,616, ,274, , ,012, ,603, ,130, ,941, ,791, ,575, ,730, ,833, ,011, ,392, ,426, ,693, ,271, ,874, ,366, ,747, ,760, ,843, ,523, ,274, ,044, ,163, ,222, ,680, , ,366, ,150, ,168, , ,259, ,311, , ,154, ,655, ,469, , ,445, ,154, ,641, ,648,943.20

54 541, , , , , , , , , , ,028, ,355, ,617, ,487, , ,569, ,160, ,617, ,082, ,029, ,787, ,851, , ,372, ,415, ,135, ,890, ,728, , , ,495, ,190, , ,568, ,927, ,720, ,403, , , ,295, , , , , , ,000, ,300, , ,300, ,714, ,812, ,872, ,001, ,904, ,938, ,300, ,300, ,321, ,635, ,457, ,178, ,863, ,635, , , ,000, ,750, ,600, ,650, ,000, , , , , ,560, ,263,

55 2 213, , ,144, ,491, ,346, % 64,152, ,446, ,991, ,006, ,823, ,856, ,705, ,768, ,204, % 2,651, , % 606, , % 3,405, ,534, %-33% 9, , , ,441, ,567, ,009, , , % 84, , % , , ,917.72

56 350, ,285, ,285, ,500, ,379, , ,164, ,680, ,484, ,500, ,082, ,082, ,342, ,342, ,342, ,342, ,342, ,342, ,181, ,181, ,925, ,925, ,106, ,106, ,449, ,449, ,441, ,441, , , ,664, ,664, ,055, , ,816, ,379, , ,140, ,050, ,627, ,678, ,563, , ,377, ,614, ,441, ,056, ,205,314.77

57 11,152, ,627, , ,916, ,208,383, ,025,340, ,065,956, ,728, ,657, ,035, ,890, ,806, ,326, , ,269, ,298, ,772, ,373, ,826,015, ,216,529, ,665,836, ,022,758, ,202, ,366, ,006, ,366, ,183,812, ,027,163, ,024,829, ,392, ,087, ,721, ,494, ,698, ,752, ,491, ,634, ,313, ,486, ,217, ,732, ,420, ,541, ,014, ,071, ,969, ,353, ,532, ,740, ,263, ,462, ,792, ,061, ,175, ,654, ,273, ,872, ,002, ,339, ,354, ,388, ,262, ,244, ,162, ,820, ,222, ,893, ,619, ,826,015, ,216,529, ,665,836, ,022,758, ,202, ,366, ,006, ,366, ,183,812, ,027,163, ,024,829, ,392, ,464, % 5% 212, , %-7% 865, ,358, % 393, ,005, , , ,496, ,645, ,148, ,297, ,785, ,488, ,587, ,926, ,660, ,315, ,548, ,767, ,976, ,703, ,273, ,717, ,717, , , , , , , ,521, ,207, , ,944, ,110, ,834, ,976, ,885, ,091,060.66

58 10% 10% 82,297, ,785, ,488, ,315, ,548, ,767, ,717, ,717, ,269, ,564, ,381, ,281, , , , , , , ,317, ,606, , , , , , ,377, , ,476, ,299, ,927, , , ,377, , ,476, ,292, ,962, , , , , , , ,577, , ,358, , ,033, , , , ,577, , ,358, , ,390, ,769, ,550, ,641, ,337, ,428, % 105, , , , , , , ,

59 31,862, ,057, , , , ,055, ,944, ,119, % 10% 31,862, ,824, , ,861, ,711, , , , , ,130, ,747, , , ,387, ,703, % 10% 2,861, ,130, ,710, ,534, ,775, ,757, ,438, ,379, % 5% 6,118, ,617, % 5% 4,330, ,894, % 10% 389, , % 10% 95, , % 20% 33, ,853, % 20% 570, ,033, % 50% 3,016, ,429, % 50% 2,714, ,787, % 100% 4,787, ,599, % 75%-100% 17,149, ,265, % ,346, ,451, % ,861,620.07

60 2 28,934, ,787, % 4 3 1,562, ,050, ,058, ,690, % 5% 234, ,566, % 5% 528, ,747, % 10% 374, , % 10% 33, , % 20% 88, , % 20% 142, , % 50% 99, , % 50% 124, ,077, % 797, ,859, % 828, ,161, , % 4 2,331, ,893, , ,937, ,176, ,525, , ,217, , ,266, ,266, , ,266, , ,107, ,107, ,107, , , ,390, ,390, ,390, ,083, ,584, ,584, ,584, , , , ,000.00

61 74, , , , , , , , , , , , , ,040, ,040, ,010, ,040, , , , , , ,911, ,911, ,911, ,500, ST 535, ,605, ,605, ,605, ,943, ,120, ,120, ,120, , , , ,306, ,306, ,176, ,418, A % 10,891, , , ,000, ,828, ,171, % 289, , , ,100, ,100, % 11,708, ,134, ,058, ,192, ,000, ,573, ,573, % 9,489, ,533, ,533, ,000, ,044, ,955, % 12,652, , ,059, , ,176, ,728, ,904, % 24,398, ,739, ,601, , ,919, ,218, ,137, % 27,783, , , , ,000, ,284, ,284, % ,827, ,827, % ,400, ,400, % 2,554, , , ,500, , ,903, % 1,661, , , ,350, , ,320, % 1,784, , , , ,675, , ,778, , , , , , , % 887, , , , , , ,401, , , ,725, , ,076, ,758, ,141, ,617, B % , , % 100, , , % 956, ,307, ,307, ,000, ,263, ,263, % 649, , , , ,706, ,307, ,000 2,042, ,600,000 1,413, ,013, C -1,381, , ,854.60

62 610, , , , , , , , , , ,214, ,010, , ,299, ,176, ,317, ,025, ,661, ,761, , , , , ,299, , ,476, ,299, ,616, , ,299, , ,476, ,292, ,651, , , , , ,301, , ,358, , ,525, , ,301, , ,358, , ,601, ,769, ,550, ,641, ,337, ,950, , , , ,

63 , , , , , , , , , , , , , , , , , , , , , , ,146, ,578,

64 3 1 39,337, ,784, ,121, ,058, ,776, ,302, ,209, ,203, , , , , , ,437, ,386, ,991, , , , ,000,

65 685 14, ,038, ,108, ,929, ,223, ,407, ,815, ,815, ,534, ,766, ,767, ,794, , ,479, , , , ,562, , ,718, ,743,494.96

66 P

67 ,182,316 1,023,517 (1,024,829) (833,392) 157, , ,565 27,469 (177,501) (180,941) - (3,687) 6 26,551 32,966 7 (11,699) (15,887) 2, ,953 17,287 8(a) (6,201) (6,315) 10,752 10,972 (931) (79) 9,821 10,

68 , , ,030 2, (829) (967) 14 11,453 11, ,201 47, , ,492 産 , , , ,749 7,455 41,097 21(c) 9,876 5,495-28, , , , , , , , ,152 62,691 45, , ,491 21(d) 21,631 28,632 11,441 2, , ,993 95,440 11, , ,076

69 2004 ( ) , , (4,083) (4,083) (19,684) (18,962) 654, , , , ,403 78, , ,

70 2004 ( )/ ( 19) ( 20(b)) ( 20(c)) ( 20(d)) , ,598 2,704 1,340 (198,953) 67, , ,893 10,893 10, ,380 1,190 (3,570) (232,819) , ,449 29,779 5,084 2,530 41,189 78, , ,821 9,821 9, , (2,442) ,449 29,779 6,679 3,377 48,568 88, ,

71 ,852 17,079 (70) (672) (1,381) (1,281) 11,270 15,565 46,474 47,821, 1,130 3,747 1, (65) / (10,041) 7,096 (35) (292) (3,477) (15,358) - (2,234) / (28,851) (364) (364) 30,868 72,571 / 25,409 (148,368) / 82,875 (105,643) / 36,137 (16,602) / (4,381) 5,327 / 33,549 (21,778) / (5,742) 135,909 / (115,346) 47,980 17,507 13,398 / (7,001) 26,794 93,875 9,588 (11,270) (15,565) (4,718) (4,711) / 77,887 (10,688)

72 (218) - (500) - (500) (30) ,774 24,619 20,358 (12,750) (20,267) - (4,000) 528 4,814 26,282 2, ,183 1,381 1,281 41,694 12,875 (453,100) (640,811) 419, ,100 (220) (955) (33,570) (52,666) / 86,011 (50,479) 122, , , ,

73 ( ) ( ) A B (a) (b) (c) / 2. (d)

74 (e) 劵 劵 劵 劵 劵 劵 2. (f) 2.1% 3.2% 4.8% 12% 4.8% 12% (g)

75 2004 (h) 産 2. (i) (j) (k) (l) (m) 22.5% (n)

76 (o) 2 (e) (j) (p) (i) (ii) (iii) (q) (r) (s)

77 (t) (u) 3. (a) % (b) , , , ,213 (1,497) (3,646) 1,182,316 1,023, ,851-6,767 3,273 3,

78 2004 3,477 15,358 1,381 1, ,660-2, ,419 1,663 46,565 27,469 47,039,000 7,728,000 2,500, / ,474 47, ,788 72,895-15,859 15,549 / (10,041) 7,096 1,130 3,747 / 6,673 (1,247) 1, (364) (364) ,270 15, ,381 15, ,699 15,887

79 (a) 爲 : ,590 5, ,212 6,201 6, 爲 15% % 爲 15% - 33% (b) 9. 9,821, ,893, ,449, ,449, ,510 8, ,999 1,152,690 1,132, ,541 3,672 5,251 4, ,971 9,617 30,481 (19,897) (2,356) (9,283) (31,536) (15,937) 9,379 (98) (9,281) ,396 6, ,947 1,134,443 1,152, ,734 4, , , ,522 13, ,495 46,474 47,821 (7,028) (1,569) (6,693) (15,290) (12,857) ,939 1, ,130 3,747

80 (2) (76) ,450 3, , , , ,946 2, , , ,776 3, , , ,926 13,280 14,228 16,291 5,761 7,246 30,915 36, : ,546 31,010 9,078 15,017 (9,617) (30,481) ,007 15,546 : ,977 19,916 - (6,939) ,977 12,977 2,030 2,

81 , ,894 11,092 2,914 1,820 (1,355) (1,581) 11,453 11,

82 % % 2004 % % (i) (i) % % % % (i) (ii) (i) (ii) (i) (i) (ii) 15.

83 ,150 6,120 21,156 42,298 27,377 48,489 (2,176) (876) ,201 47, ,203 47,643 69, , , , , , , , , , , ,083 (185,650) (219,000) 4,083 4, % 5.72% % 8% ( A ) ( B ). A B

84 ,449, , ,449, , ,342, , ,342, ,342 A 71,181,880 71,182 71,181,880 71,182 B 232,925, , ,925, , ,449, , ,449, ,449 (a) (i) (ii) (iii) (iv) (v) 10% 50% 5% 10% (b) (i) (ii) (iii) B

85 2004 (c) 25% (d) 20. (e) ,916, ,205, (a) ,122-34,147 28,578 (b) ,767,000 (c) (d) (e) , ,000

86 (a) (b) ,720 1,862 2,431 2, (a) ,000 40,000-10,000 60,000 50,000 (c) ,569,000 2,606, % ( % ) 15,859, ,549, 爲

87 % % 2004 % % 産 産 (a) 18 (b) (c)

88 , ,852 (a) (2,092) - (b) 760-9, ,852 (a) A B (b) A B

89

90 2004

91

92 2004 SHANGHAI ERFANGJI CO., LTD. Annual Report 2004 Important Notice The Board of Directors of Shanghai Erfangji Co., Ltd. individually and collectively accepts responsibility for the correctness, accuracy and completeness of the contents of this report and confirms that there are no material omissions nor errors which would render any statement misleading. Mr. Gao Yong, Independent Director of the Company, couldn t attend the Board meeting personally due to important official business and entrusted Independent Director Ni Di to vote on his behalf. Shu Lun Pan Certified Public Accountants Co., Ltd. and Horwath Certified Public Accountants audited the 2004 financial report of the Company and issued an unqualified Auditors Report for the Company. Herein, the Company s legal representative Zheng Yuanhu, CFO Mei Jianzhong and Person in Charge of Financing Zheng Aihua jointly declare that the finance report enclosed in this annual report is true and complete. This report has been prepared in Chinese version and English version respectively. In the event of difference in interpretation between the two versions, the Chinese report shall prevail. CONTENTS. COMPANY PROFILE SUMMARY OF FINANCIAL HIGHLIGHT AND BUSINESS HIGHLIGHT

93 2004. CHANGES IN SHARE CAPITAL AND PARTICULARS ABOUT SHAREHOLDERS---. PARTICULARS ABOUT DIRECTORS, SUPERVISORS, SENIOR EXECUTIVES AND EMPLOYEES ADMINISTRATIVE STRUCTURE BRIEF OF THE SHAREHOLDERS GENERAL MEETING REPORT OF BOARD OF DIRECTORS REPORT OF SUPERVISORY COMMITTEE SIGNIFICANT EVENTS FINANCIAL REPORT DOCUMENTS AVAILABLE FOR REFERENCE

94 2004 I. Company Profile 1. Company s legal Chinese name: Company s legal English name: SHANGHAI ERFANGJI CO., LTD. 2. Company s legal representative: Zheng Yuanhu 3. Secretary of the Board: Li Bo Contact address: No. 687 Changzhong Rd. Shanghai Tel.: (86) ext Fax: (86) shej@public7.sta.net.cn Securities Affairs Representative of the Board: Wu Tao Contact address: No. 687 Changzhong Rd. Shanghai Tel.: (86) ext Fax: (86) wutao@shefj.com 4. Registered address and office address: No. 687 Changzhong Rd. Shanghai Postal code: shej@public7.sta.net.cn Company s website: 5. Newspaper chosen for disclosing the information of the Company: Shanghai Securities News and Ta Kung Pao Internet website designated by CSRC for publishing the annual report: The place where the annual report is prepared and placed: office of the Board of Directors, No. 687 Changzhong Rd. Shanghai 6. Stock exchange listed with: Shanghai Stock Exchange Short form of the stock: Erfangji & Erfangji B Stock code of A-share: ; Stock code of B-share: Other related information of the Company Initial registered capital: RMB 303,986,900 Evolutive course of the Company s registered capital: RMB 425,581,700 on Oct. 7, 1993 in Shanghai Municipal Administration Bureau of Industry & Commerce; RMB 461,839,800 on Dec. 12, 1995 in Shanghai Municipal Administration Bureau of Industry & Commerce; RMB 514,953,800 on July 23, 1996 in Shanghai Municipal Administration Bureau of Industry & Commerce; RMB 566,449,200 on Jun. 25, 1997 in Shanghai Municipal Administration Bureau of Industry & Commerce; Business license registration No.: QGHZ Zi No city bureau Tax registration No.: GSH Zi No.: Name and address of Certified Public Accountants engaged by the Company:

95 Name: Shu Lun Pan Certified Public Accountants Co., Ltd. Address: 61, Nanjing East Road, Shanghai Name: Horwath Hong Kong CPA Limited Address: Room 2001, Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong 2004 II. Summary of Financial Highlight and Business Highlight (I) Accounting data as of the year 2004 Unit: RMB 1. Total profit 15,582, Net profit 11,152, Net profit after deducting non-recurring gains and losses -18,590, Profit from main operations 157,486, Other operating profit 4,834, Operating profit -16,760, Investment income 3,962, Subsidy income 823, Net non-operating income/expenses 27,557, Net cash flows from operating activities 88,338, Net increase in cash and cash equivalent 86,010, Note: Items of deducting non-recurring gains and losses and the relevant amount: Items of non-recurring gains and losses as of the year 2004 are as follows: Unit: RMB 1. Gains and looses occurred due to disposal of other assets except 32,479, for the Company s products 2. Various government subsidies 823, Short-term investment income 27, Various non-operating income/expense after deducting reserve for impairment of assets 5. Switching back various reserve for impairment allotted over the previous years -314, ,562, , Impact on income tax -4,718, Total 29,743, (II) Explanation on difference in net profit audited in conformity to Chinese Accounting Standards and International Accounting Standards The Company s net profit as of year 2004 audited by Shu Lun Pan Certified Public Accountants and Horwath Hong Kong CPA Limited was RMB 11,152,700 and RMB 9,821,000 respectively.

96 2004 The Company s accounting statement of B-share as of year 2004 reported based on International Accounting Standards was audited by Horwath Hong Kong CPA Limited, and difference in net profit and net assets compared with accounting statement of A-share reported in line with Chinese Accounting Standards are as follows: (Unit: RMB 0000) Net profit Net assets Year-end of 2004 Year-end of 2003 As reported as Chinese Accounting 1, , , , Standards P&L reckoned in direct Unconfirmed loss from consolidated (209.20) (0.5) subsidiaries As restated based on International , , , Accounting Standards (III) Major accounting date and financial indexes over the past three years ended the report period Unit: RMB Major accounting data 2004 Income from main operations 2003 Increase/decrease 2002 compared with After adjustment Before After Before the last report adjustment adjustment adjustment period (%) 1,183,812, ,027,163, ,027,163, ,592, ,592, Total profit 15,582, ,492, ,492, ,654, ,654, Net profit 11,152, ,815, ,815, ,002, ,002, Net profit after deducting non-recurring gains and losses -18,590, ,923, ,923, ,515, ,515, At the end of 2003 Increase/decrease At the end of 2002 At the end of compared with Before After Before 2004 After adjustment the last report adjustment adjustment adjustment period (%) Total assets 1,317,273, ,394,150, ,394,150, ,251,765, ,251,765, Shareholders equity 654,852, ,030, ,030, ,137, ,137, Net cash flow arising from operating activities Major financial indexes 2004 Earnings per share (fully diluted) 88,338, ,480, ,480, , ,152, ,152, Increase/decrease 2002 compared with After adjustment Before After Before the last report adjustment adjustment adjustment period (%) Return on equity (fully

97 diluted) (%) Return on equity as calculated based on net profit after deducting non-recurring gains and losses (fully diluted) (%) Net cash flow per share arising from operating activities Earnings per share (Weighted average) Earnings per share as calculated based on net profit after deducting non-recurring gains and losses (fully diluted) Earnings per share as calculated based on net profit after deducting non-recurring gains and losses (weighted average) Return on equity (weighted average) (%) Return on equity as calculated based on net profit after deducting non-recurring gains and losses (weighted average) (%) , At the end of 2003 Increase/decrease At the end of 2002 At the end of compared with Before After Before 2004 After adjustment the last report adjustment adjustment adjustment period (%) Net assets Net assets per share after adjustment Calculation equation for major financial indexes: Earnings per share = net profit / total ordinary shares at the year-end Net assets per share = shareholders equity at the year-end / total ordinary shares at the year-end Net assets per share after adjustment = (shareholders equity at the year-end accounts receivable over 3 years expenses to be diluted assets loss (flow and fixed) to be dealt with organization costs long-term expenses to be diluted) / total shares at the year-end

98 2004 Net cash flow per share arising from operating activities = Net cash flow arising from operating activities / total n shares at the year-end Return on equity = net profit/ shareholders equity at the year-end 100% (IV) Return on equity and earnings per share are calculated according to the requirements of Regulations on the Information Disclosure of Companies Publicly Issuing Shares (No. 9) released by CSRC: Return on equity (%) Earnings per share (RMB) Profit as of the report period Fully diluted Weighted average Fully diluted Weighted average Profit from main operations Operating profit Net profit Net profit after deducting non-recurring gains and losses (V) Particulars about change in shareholders equity in the report period Items Share capital Public reserve Surplus reserve Amount at the period-begin Increase this period Decrease this period in in Amount at the period-en Statutory welfare funds Retained profit Total shareholders equity 566,449, ,379, ,614, ,563, ,205, ,030, , ,441, , ,623, ,620, , , ,449, ,140, ,056, ,377, ,029, ,852, Reasons for change: (1) Reason for change of public reserve: canceling accounts payable over 5 years after verification (2) Reason for change of surplus reserve: allotting surplus reserve (3) Reason for change of statutory welfare funds: allotting statutory welfare funds (4) Reason for change of retained profit: increase of profit III. Changes in Share Capital and Particulars about Shareholders (I) Change in share capital (Unit: share) Increase/decrease of this time (+, - ) Items Year-begin Rationed share Bonus shares Capitalization of public reserve Additional issuance Others Sub- total Year-end I. Unlisted Shares 1. Sponsors shares 262,342, ,342, Including: State-owned share 262,342, ,342, Domestic legal person s shares