600151 2004

2004... 1... 1... 2... 3... 6... 11... 12... 12... 19... 20... 23... 52 1

2004 1 2 3 4 1 SHANGHAI AEROSPACE AUTOMOBILE ELECTROMECHANICAL CO. LTD SAAE 2 3 222 021-64827176 021-64827177 E-mail saae@saae-ch.com 222 021-64827176 021-64827177 E-mail saae@saae-ch.com 222 200235 http://www.saae-ch.com saae@saae-ch.com 5 http://www.sse.com.cn 222 6 A A A 600151 7 1998 5 28 660 2002 12 27 661 3100001005339 310046631134144 222 30 1

2004 : : 184,829,558.44 101,625,836.77 93,113,062.47 362,558,007.76 13,821,072.87 145,203,771.50 29,673,517.74 7,523,637.88 2,428,631.32 127,701,734.47-127,224,809.35 : : 7,523,637.88 1,652,175.08 1,996,470.93-1,591,579.70 7,189,389.86-6,164,416.35-2,092,903.40 8,512,774.30 : : 2004 2003 2002 (%) 1,757,743,567.21 1,927,158,687.89 1,927,158,687.89-8.79 1,293,175,410.18 1,293,175,410.18 184,829,558.44 216,800,454.36 212,046,285.48-14.75 148,970,384.59 148,970,384.59 101,625,836.77 102,849,004.78 99,758,795.01-1.19 77,405,069.41 77,405,069.41 93,113,062.47 87,568,824.45 84,478,614.68 6.33 72,553,270.15 72,553,270.15 2004 2003 2002 (%) 2,416,149,755.82 2,432,639,228.28 2,426,943,948.68-0.68 2,208,967,091.55 2,208,967,091.55 1,302,732,362.79 1,293,879,572.90 1,290,177,641.16 0.68 1,250,489,565.26 1,189,670,365.26 127,701,734.47 158,393,590.50 158,393,590.50-19.37 206,519,466.59 206,519,466.59 2004 2003 2002 (%) 0.217 0.220 0.213-1.36 0.165 0.165 7.80 % 7.95 7.73-0.15 6.19 6.51 2

2004 7.15 6.77 6.55 0.38 5.80 6.10 % 0.273 0.338 0.338-19.23 0.441 0.441 0.199 0.187 0.177 0.012 0.155 0.155 7.17 6.95 6.71 0.22 5.90 6.00 % 2004 2003 2002 (%) 2.785 2.766 2.758 0.69 2.673 2.543 2.773 2.751 2.744 0.01 2.648 2.431 9 : : % 27.83 27.93 0.775 0.775 11.15 11.19 0.310 0.310 7.80 7.83 0.217 0.217 7.15 7.17 0.199 0.199 : : 467,840,000 556,950,617.23 159,009,027.12 46,915,841.82 110,079,928.55 1,293,879,572.90 1,032,760.60 25,214,169.11 8,886,149.35 101,625,836.77 127,872,766.48 237,807.48 118,782,169.11 119,019,976.59 467,840,000 557,745,570.35 184,223,196.23 55,801,991.17 92,923,596.21 1,302,732,362.79 1) 2) 3) 4) 1 3

2004 : 1 326,400,000 326,400,000 326,400,000 326,400,000 2 3 4 326,400,000 326,400,000 1 141,440,000 141,440,000 2 3 4 141,440,000 141,440,000 467,840,000 467,840,000 2 (1) (2) (3) 1 49,486 4 A 49,482 2 : ( ) (%) 0 273,870,582 58.54 4 0 25,461,994 5.44 0 25,148,006 5.38 0 1,919,418 0.41

2004 468,700 0.10 180 386,802 0.08 329,942 0.07 320,005 0.07 302,400 0.06 266,752 0.06 10 3 1 23,000 1993-6 2 903,544 1999 7 1 100% 3 4 5

2004 100% 100% 58.54% 4 5 A B H 468,700 A 180 386,802 A 329,942 A 320,005 A 302,400 A 266,752 A 180 266,691 A 260,000 A 250,000 A 245,000 A 1 45 2004-06-29 2007-06-28 0 0 0 50 2004-06-29 2007-06-28 0 0 0 53 2004-06-29 2007-06-28 0 0 0 41 2004-06-29 2007-06-28 2,900 2,900 0 : 6

2004 56 2004-06-29 2007-06-28 30,000 0-30,000 33 2004-06-29 2007-06-28 0 0 0 57 2004-06-29 2007-06-28 0 0 0 42 2004-06-29 2007-06-28 1,000 1,000 0 52 2004-06-29 2007-06-28 0 0 0 46 2004-06-29 2007-06-28 0 0 0 37 2004-06-29 2007-06-28 0 0 0 46 2004-06-29 2007-06-28 0 0 0 51 2004-06-29 2007-06-28 0 0 0 56 2004-06-29 2007-06-28 0 0 0 55 2004-06-29 2007-06-28 0 0 0 44 2004-06-29 2007-06-28 31,200 31,200 0 47 2004-06-29 2007-06-28 31,200 31,200 0 39 2004-10-26 2007-06-28 0 0 0 49 2005-01-19 2007-06-28 0 0 0 41 2004-06-29 2005-01-18 11,440 11,440 0 (1) 812 (2) (3) (4) (5) (6) (7) (8) (9) 7

2004 863 (10) MBA (11) (12) (13) (14) (15) (16) MBA (17) (18) (19) 2 1998-07 2000-10 2003-12 1998-06 2000-10 2004-08 2004-02 8

2004 2001-08-07 2002-02-02 ( ) 2001-08-20 2003-10-21 2003-03-30 2004-05 2000-10 2000-10 2002-04-16 2003-03-30 2003-09-11 2001-06-04 2002-09-10 2000-01-20 2002-02-20 2001-08-20 2003-04-25 2003-12-31 2001-03-18 1 2004 2 9

2004 3 : : 74.8 40.8 5 4 2004 10 26 2005 1 19 5 6-10 3 11-20 4 1 2004 6 29 2 2004 6 30 2004 10 28 2,136 46 1 1,407 98 344 91 196 10

2004 2 31 567 1,538 1 2003 2 2003 3 1 6 6 0 0 6 5 1 0 6 3 3 0, 2 1) 2) 3) 4) 5) 11

2004 1 2004 5 29 2003 2004 6 29 2003 17 326,539,995 69.80% 2 1 2003 2 2003 3 2003 4 2004 5 2003 6 2003 7 8 9 10% 10 11 12 1 2004 6 2003 2003 2 2004 6 30 2004 6 30 2004, 12

2004 LPG ABS OEM W-WAGON 6.8L 62ZY140-3 165 23.5 P/G CH6350(A) 50% 2004 8 9 2004 175774 36256 10163 1 (1) (2) : : (%) (%) 161,719.41 90.41 32,339.92 89.35 8,732.81 4.88 2,542.72 7.02 1,572.36 0.88 439.58 1.21 6,845.26 3.83 876.33 2.42 : 7,854.88 4.39 1,324.22 3.66 178,869.84 / 36,198.55 / 3,095.48 / -57.25 / 175,774.36 100 36,255.80 100 (3) : : (%) (%) 131,855.14 73.72 23,324.92 64.44 47,014.70 26.28 12,873.63 35.56 : 7,854.88 4.39 1,324.22 3.66 178,869.84 / 36,198.55 / 3,095.48 / -57.25 / 175,774.36 100 36,255.80 100 13

2004 (4) : : (%) (%) 117,203.61 65.52 27,994.95 77.34 16,059.34 8.98 1,964.78 5.43 8,208.36 4.59 2,116.24 5.85 3,359.26 1.88 776.61 2.15 34,039.27 19.03 3,345.97 9.24 : 7,854.88 4.39 1,324.22 3.66 178,869.84 / 36,198.55 / 3,095.48 / -57.25 / 175,774.36 100 36,255.80 100 (5) 10% : : (%) 161,719.41 129,255.58 20.00 131,855.14 108,530.22 17.69 2 (1) : : 9,742.28 61,743 8,252 4,470 7,715 ABS 790 5,687.5 19,085 1,113 2,030 5,316 417 4,623.2 3,911-126 3 : : 29,187 24.24 98,931 56.28 14

2004 4 1 2, 3 3,891 4,654 16.39 1 2000 29,502.9 22,167.9 3,224 7,335 2 : : 5,343 426 2,950 2,950 2,950 4,200 4,200 1,494 5MW 2,467 2,025 1,377 235 1,148 60.5% 3,012.9 3,012.9 949-811 17,530.9 / 11,965.9 2,678 2,804 / / 1) 5,343 426 2002 2003 7 4 2003 2) 15

2004 2,950 2002 2003 7 4 2003 3) 2,950 2,950 4) 5MW 4,200 4,200 2005 5) 2,025 1,377 6) 60.5% 3,012.9 3,012.9 3 1) 5224 5,224 5,224 2) 2186 30% 2,186 2,186 375 3) 844 844 844 837 2003 2004 2004 10 23 4) 1950 170 1,950 180 5) 1768 1,768 1,768 " " " " 4 " 2650 667 1067 16

2004 : : 2,416,149,755.82 2,432,639,228.28-16,489,472.46-0.68 362,558,007.76 466,207,184.96-103,649,177.20-22.23 101,625,836.77 102,849,004.78-1,223,168.01-1.19-127,224,809.35-20,134,823.18-107,089,986.17 1,302,732,362.79 1,293,879,572.90 8,852,789.89 0.68 (1),, (2) (3) (4) (5) 1 1) 2004 4 4 2003 2004 2003 2003 2003 2003 4000 2004 4 6 2) 2004 4 23 2004 3) 2004 5 28 2003 2004 5 29 4) 2004 6 29 2004 6 30 5) 2004 8 6 2004 6) 2004 10 26 2004 2004 10 28 2 17

2004 2003 2003 2003 12 31 46784 10 2 93,568,000 2004 7 14 2004 7 15 2004 7 20 2004 7 10 105,137,086.63 101,520,506.56 10% 10,152,050.66 5% 5,076,025.33 79,028,513.39 165,320,943.96 1 2004 12 31 46784 10 1.5 70,176,000 95,144,943.96 2 50 45 : : 0 50 50 0 624 2,395 2,200 819 255 1,550 1,536 269 30 365 354 41 47 226 60 213 0 434 424 10 45 19 0 64 0 57 21 36 33 156 189 0 [2003]56 1 1 18

2004 2 50 45-- 3 7574.5 7165 65 4 2004 3 5 60% 2004 11 20% 40% 5 6 50% 7 2 1 2004 4 4 2003 2003 2003 2004 2003 2004 4 6 2 2004 4 23 2004 3 2004 5 28 2003 2004 5 29 4 2004 6 29 2004 6 30 5 2004 8 6 2004 6 2004 10 26 2004 2004 10 28 19

2004 1 2 3 4 1 2003 2004 450 250 2003 2004 1 5.85% 20.85% 2004 2 2004 10 31 20% 602.95 583.27 44.5 545.18-57.76 2004 12 60% 40% 60% 1 2 20

2004 3 4 : : 2003-03-18 2004-03-26 2003-05-27 2004-05-26 2003-06-04 2004-06-03 2003-05-24 97.5 2003-05-24 2004-05-23 2003-04-23 130 2003-04-23 2004-04-22 2003-09-15 260 2003-09-15 2004-09-14 2004-03-05 409.5 2004-03-05 2005-03-04 1,352 409.5 12,070 130 7,165 65 7,574.5 65 6.23% 50 1) 2003 3 18 195 2003 3 18 2004 3 26 2) 2003 5 27 130 2003 5 27 2004 5 26 3) 2003 6 4 130 2003 6 4 2004 6 3 4) 2003 5 24 97.5 2003 5 24 2004 5 23 5) 2003 4 23 130 2003 4 23 2004 4 22 21

2004 6) 2003 9 15 260 2003 9 15 2004 9 14 7) 2004 3 5 409.5 2004 3 5 2005 3 4 6320 1254.5 65 50% 3 2004 6 30 2004 3 5 60% 2004 11 20% 40% 5 6 3000 1000 2000 ( 2004 2004 ) 5% 5% 55 7 22

2004 ( ) (05) P0124 2004 12 31 2 40 2004 12 31 222 30 2005 3 1 1 ( ) 1998 5 28 A 27,200 27,200 20,400 6,800 1 2000 [2000]195 2000 10 3 2040 (2000)129 23

2004 29,240 2000 2000 12 31 29,240 10 6 17,544 2001 46,784 2004 12 31 46,784 32 2 1 1 12 31 ( ) (1) (2) 24

2004 1 3% 1-2 8% 2-3 10% 3-4 20% 4-5 30% 5 50% 25

2004 (1) - 10 [2003]10-10 [2003]10 - (2) 3%-10% 10-30 3.00 9.70% 10-20 4.50 9.70% 5-10 9.70 18.00% 5-10 9.70 18.00% 26

2004 3 10 27

2004 ( ) ( ) 28

2004 3 5.85% 15% 20.85% 2003 1 1 34,715,295.40 130,912,933.52 489,377.58 122,344.39 2003 1 1 35,204,672.98 131,035,277.91 2003 12 31 13,550,383.16 158,268,640.77 2,961,545.39 740,386.35 2003 12 31 16,511,928.55 159,009,027.12 2004 2003 2004 2003 3,880,686.56 4,754,168.88 4 4.1 12 31 50% (96)2 29

2004 30 4.2 5 17% 5.1 15% 5.2 15% 15% (2003) 18 2003 1 1 2005 12 31 10% 16.5% 15% 15 15% 33% 33% 15%

2004 ( ) (1991)128 3(2001) 19-11 2000 1 1 2002 12 31 2002 1 1 2004 12 31 2003 1 1 2005 12 31 13.5% 5% 6 / 97,422,800 65%* ( ) 44,700,000 70%* ( ) ( 1) 48,000,000 66%** 20,300,000 90%* ( ) 56,875,000 80%* ( ) ( 2) 50,000,000 90%* ( ) 46,232,000 65.17%* ( ) 10,000,000 70%* ( ) ( ) ( 3) 8,000,000 90%** ( ) ( ) ( ) ( 4) 14,941,062.69 71%** ( ) ( ) ( 5) 5,000,000 70%** ( ) 31

2004 ( ) 10,720,000 50% ( ) * ** 1 42.9% 2 86% 4% 89.6% 3 90% 10% 87.1% 4 46.15% 5 30.03% (96)2 10% 20% 60% 40% 44 7 - - 125,171.38 - - 253,647.91 14,156.08 8.2765 117,162.80 3,684.50 8.2767 30,495.50 35.30 1.0589 37.38 143.40 1.0657 152.82 123,443.00 0.0792 9,776.69 131,443.00 0.0773 10,160.54 8.57 6.3543 54.46 2,640.40 6.1984 16,366.25 - - - 43.00 4.8581 208.90 252,202.71 311,031.92 32

2004 - - 503,304,419.86 - - 628,138,798.39 1,332,753.40 8.2765 11,030,533.52 1,345,199.25 8.2767 11,133,810.64 - - - 39,419,839.00 0.0773 3,047,153.55 - - - 27,246.14 6.1984 168,882.47 91,813.40 11.1979 1,028,117.27 - - - 515,363,070.65 642,488,645.05-40,405.74 515,615,273.36 642,840,082.71 8 - - - 1,828,499.20-1,828,499.20 39,207,000.00 1,591,579.70 37,615,420.30 9,900,000.00-9,900,000.00 39,207,000.00 1,591,579.70 37,615,420.30 11,728,499.20-11,728,499.20 37,762,312.00 2004 12 31 1,591,579.70 9 21,715,002.98 20,442,274.79 95,414,728.20 85,609,408.14 117,129,731.18 106,051,682.93 12,942,058.75 21 33

2004 10 (%) (%) 1 264,630,506.19 93.64 7,771,500.61 256,859,005.58 269,229,538.18 94.61 7,601,828.26 261,627,709.92 1 2 8,112,956.79 2.87 649,036.54 7,463,920.25 2,147,980.48 0.75 499,544.04 1,648,436.44 2 3 528,493.82 0.19 110,615.43 417,878.39 7,059,045.03 2.48 6,833,261.87 225,783.16 3 9,340,450.08 3.30 8,405,207.34 _ 935,242.74 6,139,631.06 2.16 _ 5,598,607.81 541,023.25 282,612,406.88 100.00 16,936,359.92 265,676,046.96 284,576,194.75 100.00 20,533,241.98 264,042,952.77 80,968,407.84 28.65% 5% 11 (%) (%) 1 9,226,299.97 40.33 169,893.58 9,056,406.39 7,890,235.43 32.68 268,545.28 7,621,690.15 1 2 3,741,123.25 16.36 130,199.93 3,610,923.32 5,012,872.21 20.76 1,211,142.57 3,801,729.64 2 3 295,040.30 1.29 110,665.92 184,374.38 9,335,397.56 38.66 7,840,000.00 1,495,397.56 3 9,612,029.21 42.02 8,586,701.77 _ 1,025,327.44 1,910,668.88 7.90 _ 543,498.68 1,367,170.20 22,874,492.73 100.00 8,997,461.20 13,877,031.53 24,149,174.08 100.00 9,863,186.53 14,285,987.55 8,548,239.76 37.37% 5% 34

2004 12 20,533,241.98 2,540,901.87 (5,979,368.31) (158,415.62) 16,936,359.92 9,863,186.53 348,513.02 (1,210,021.55) (4,216.80) 8,997,461.20 30,396,428.51 2,889,414.89 (7,189,389.86 (162,632.42) 25,933,821.12 13 % % 1 77,216,035.21 96.24 38,496,326.64 98.61 1 2 2,927,713.62 3.65 403,062.80 1.03 2 3 6,292.32 0.01 42,500.00 0.11 3 81,438.68 0.10 97,663.69 0.25 80,231,479.83 100.00 39,039,553.13 100.00 5% 1 2 14 7,704,136.31-7,704,136.31 40,423,862.07-40,423,862.07 2,018,191.42-2,018,191.42 3,592,465.88-3,592,465.88 202,027,671.42 7,278,367.26 194,749,304.16 159,346,945.93 9,317,892.26 150,029,053.67 46,071,019.97 553,423.53 45,517,596.44 35,060,428.98 332,815.76 34,727,613.22 161,947,836.16 6,455,104.58 155,492,731.58 234,186,457.04 5,114,281.08 229,072,175.96 9,111,105.00 800,000.00 _ 8,311,105.00 4,901,956.71 800,000.00 _ 4,101,956.71 428,879,960.28 15,086,895.37 413,793,064.91 477,512,116.61 15,564,989.10 461,947,127.51 15,564,989.10 3,492,338.55 (3,970,432.28) 15,086,895.37 35

2004 15 187,058.06 422,004.64 610,762.85 312,000.00 491,301.54 753,493.38 1,289,122.45 1,487,498.02 16 36,082,200.00 36,082,200.00 3,243,318.61 21,819,078.05 148,549,561.24 108,501,518.12 24,879,791.11 25,943,507.96 (2,381,098.36) (3,057,966.00) 210,373,772.60 189,288,338.13 (1) 1,284,234.00 0.69% 1,082,200.00 1,082,200.00 1,082,200.00 35,000,000.00 0.94% 35,000,000.00 35,000,000.00 35,000,000.00 36,082,200.00 36,082,200.00 36,082,200.00 36

2004 (2) 3,500,000.00-70.00% (398,247.69) - - (398,247.69) (739,244.42) (256,681.39) 3,243,318.61 ( 1) 9,000,000.00 (3,000,000.00) _ 40.00% - _ - - - _ - _ - - _ 22,840,088.37-30.00% 2,525,757.11 305,765.21-2,831,522.32 (1,368,000.00) 3,052,232.91 25,892,321.28 8,442,000.00-46.90% (376,662.52) - - (376,662.52) - (8,371,943.38) 70,056.62 11,414,885.38-49.00% 6,694,831.82 - - 6,694,831.82-15,321,892.73 26,736,778.11 2,280,000.00-30.00% 2,978,970.97 - - 2,978,970.97 (1,500,000.00) 9,175,205.89 11,455,205.89 2,684,096.92-49.00% 81,279.26 - - 81,279.26 - (296,809.24) 2,387,287.68 1,735,292.50-25.00% 1,796,715.71 - - 1,796,715.71 (896,080.71) 3,668,837.14 5,404,129.64 2,328,200.00-40.00% 1,010,958.03 - - 1,010,958.03 (520,000.00) 2,619,674.59 4,947,874.59 5,700,000.00-35.00% 1,233,315.17 - - 1,233,315.17 (1,140,000.00) 2,694,534.72 8,394,534.72 ( 1) 9,000,000.00 (3,000,000.00) 40.00% 2,084,991.33 - (2,558,154.79) (473,163.46) - 7,965,103.87 13,965,103.87 ( 2) 18,624,638.27 8,771,986.12 20.85% 7,488,168.55 126,939.47-7,615,108.02 (3,607,481.99) 9,841,916.35 37,238,540.74 ( 3) 3,200,000.00 (2,000,000.00) 40.00% 237,523.03 - - 237,523.03 (240,000.00) 615,647.82 1,815,647.82 3,000,000.00-30.00% - - - - - (2,617,323.51) 382,676.49 ( 4) 2,400,000.00 (582,300.00) 40.00% 7,822.39 - - 7,822.39 - (76,598.93) 1,741,101.07 827,684.48-43.48% (20,068.32) - - (20,068.32) - (467,066.31) 360,618.17 ( 5) 6,657,000.00-30.00% 5,101,459.73 - - 5,101,459.73 - - 6,657,000.00 900,000.00 _ - 30.00% _ 33,123.19 - - _ 33,123.19 _ (61,082.97) 200,684.55 _ 1,100,684.55 102,033,885.92 3,189,686.12 30,878,185.45 432,704.68 (2,558,154.79) 28,752,735.34 (9,332,645.67) 43,325,989.20 148,549,561.24 37

2004 1 20% 2 5.85% 3 4 5 ( ) 10% ( ) (3) (7,683,057.71) (6,540,703.40) 50-147,545.76 (6,393,157.64) 1,464,333.68 1,376,817.36 6-10 - (225,414.96) 1,151,402.40 7,244,188.27 6,435,253.93 50 - (144,883.77) 6,290,370.16 ( ) 22,766,448.24 20,447,643.30 45 - (505,921.07) 19,941,722.23 3,717,126.46 2,942,725.10 20 - (185,856.32) 2,756,868.78 1,083,999.72 894,299.77 10 - (108,399.97) 785,899.80 407,865.18 387,471.90 10 - (40,786.52) 346,685.38 29,000,903.84 25,943,507.96 - (1,063,716.85) 24,879,791.11 (4) (2,134,801.41) (996,227.98) 5-426,960.00 (569,267.98) (2,499,076.39) (2,061,738.02) 10-249,907.64 (1,811,830.38) (4,633,877.80) (3,057,966.00) - 676,867.64 (2,381,098.36) 17 207,665,120.71 549,137,336.59 58,020,390.38 23,975,232.13 838,798,079.81 3,524,436.40 29,892,230.26 4,650,868.86 2,417,235.47 40,484,770.99 85,253,850.90 48,608,884.65 3,691,974.21 3,540,187.37 141,094,897.13 (3,744,346.10) (13,917,593.32) (3,675,467.28) (2,684,569.33) (24,021,976.03) 292,699,061.91 613,720,858.18 62,687,766.17 27,248,085.64 996,355,771.90 34,598,286.50 221,835,872.39 29,583,488.70 11,115,972.08 297,133,619.67 8,941,640.41 55,773,926.81 7,214,534.87 2,776,114.26 74,706,216.35 (440,858.99) (4,291,163.46) (2,246,504.72) (1,997,204.23) (8,975,731.40) 43,099,067.92 273,318,635.74 34,551,518.85 11,894,882.11 362,864,104.62 118,449.00 26,817,906.60 2,842,158.75 858,786.25 30,637,300.60 - - 98,188.75 333,971.64 432,160.39 - (8,980,534.37) (176,811.45) (93,574.38) (9,250,920.20) 118,449.00 17,837,372.23 2,763,536.05 1,099,183.51 21,818,540.79 172,948,385.21 300,483,557.60 25,594,742.93 12,000,473.80 511,027,159.54 249,481,544.99 322,564,850.21 25,372,711.27 14,254,020.02 611,673,126.49 38

2004 37,593,337.48 4,582,001.40 18 19,751,719.38 1,860,519.46 (21,612,238.84) - 29,500,000.00 86% 45,204,759.81 16,611,785.84 (61,816,545.65) - 52,240,000.00 118% 7,308,668.91 1,593,739.87-8,902,408.78 30,000,000.00 44% 20,156,039.10 41,573,381.07 (38,964,049.25) 22,765,370.92 6,415,464.99 36,974,954.24 (17,552,276.48) 25,838,142.75 353,686.91 796,100.00 _ (1,149,786.91) - 99,190,339.10 99,410,480.48 (141,094,897.13) 57,505,922.45 _ 1,159,827.80 1,159,827.80 98,030,511.30 56,346,094.65 1,159,827.80 19 74,703,262.59 37,678,173.72 4,948,014.78 117,329,451.09 457,803.89 6,590,266.75-7,048,070.64 75,161,066.48 44,268,440.47 4,948,014.78 124,377,521.73 12,233,152.50 13,650,479.61 577,268.44 26,460,900.55 2,617,627.33 5,429,655.48 494,801.52 8,542,084.33 14,850,779.83 19,080,135.09 1,072,069.96 35,002,984.88-1,215,000.00-1,215,000.00 62,470,110.09 22,812,694.11 4,370,746.34 89,653,550.54 60,310,286.65 23,973,305.38 3,875,944.82 88,159,536.85 15.7 46 2.4 8.9 7.8 39

2004 20 288,860.14 141,983.50 (118,978.78) 311,864.86 1-4 972,799.25 - (309,181.80) 663,617.45 4 1,954,625.56 145,438.50 (812,716.08) 1,287,347.98 1-4 3,216,284.95 287,422.00 (1,240,876.66) 2,262,830.29 21 30,000,000.00 30,000,000.00 104,942,058.75 _ 92,000,000.00 _ 134,942,058.75 122,000,000.00 12,942,058.75 22 73,741,413.93 90,461,672.74 _ 3,519,428.10 _ 489,058.63 77,260,842.03 _ 90,950,731.37 _ 5% 23 5% 24 5% 25 1,322,370.46 1,322,370.46 40

2004 26 5,240,864.60 5,666,795.08 11,029,599.51 10,590,824.39 75,894.07 72,318.68 _ 513,563.26 _ 806,075.88 16,859,921.44 17,136,014.03 27 5% 28 ( ) 6,271,222.95 5,419,922.03-392,462.45 1,977,428.32 3,768,431.38 8,248,651.27 9,580,815.86 29 30 8,810,000.00 8,580,000.00 31 56,000,000.00 25,000,000.00 2003 4 18 5.49% 2006 4 17 : 25,000,000.00-31,000,000.00-41

2004 32 ( ) % - 326,400,000 69.77 326,400,000 69.77-141,440,000 30.23 141,440,000 30.23 467,840,000 100.00 1 33 2003 1 1 410,943,164.21 50,813,228.76 316,985.02 (8,264.86) 94,137,023.21 556,202,136.34-986,288.37 - - - 986,288.37 - - - - (237,807.48) (237,807.48) 2003 12 31 410,943,164.21 51,799,517.13 316,985.02 (8,264.86) 93,899,215.73 556,950,617.23 ( ) - 392,760.60 - - 640,000.00 1,032,760.60 - - - - (237,807.48) (237,807.48) 2004 12 31 410,943,164.21 52,192,277.73 316,985.02 (8,264.86) 94,301,408.25 557,745,570.35 34 2003 1 1 78,375,303.29 15,354,468.37 37,305,506.25 131,035,277.91 15,335,152.24 _ 3,028,261.40 _ 9,610,335.57 27,973,749.21 2003 12 31 93,710,455.53 18,382,729.77 46,915,841.82 159,009,027.12 14,273,311.39 _ 2,054,708.37 _ 8,886,149.35 25,214,169.11 2004 12 31 107,983,766.92 20,437,438.14 _ 55,801,991.17 184,223,196.23 3 42

2004 35 93,568,000.00 60,819,200.00 93,568,000.00 60,819,200.00 ( ) 70,176,000.00 93,568,000.00 70,176,000.00 93,568,000.00 36 4 36 3 16,511,928.55 101,625,836.77 ( 1) 14,273,311.39 ( 2) 8,886,149.35 ( 3) 2,054,708.37 ( 4) 70,176,000.00 22,747,596.21 1 177 10% 2 177 5% 3 4 2004 467,840,000 1.50 37 / / 43 5 989,310,083.52 56.28% 43

2004 38 5% 7% 3% 39 8,618,661.84 4,508,298.72 8,827,323.49 4,593,708.00 1,192,645.06 54,009.24 19,634.21 74,345.90 772,111.14 534,007.83 1,736,460.34 428,261.89 40 1,652,175.08 12,566,073.65 (1,591,579.70) 1,207,800.00-142,413.28 208,468.60 401,103.76 30,479,937.76 14,400,295.65 (688,634.79) - / (386,849.21) (234,101.07) 29,673,517.74 28,483,585.27 41 7,214,737.88 2,430,311.00 312202176 31223035 300,000.00-8,900.00 889,842.00 42 7,523,637.88 3,320,153.00 3,616,580.07 3,622,149.66 / 16,876,261.89 27,387,081.10 44 20,492,841.96 31,009,230.76

2004 43 1,610,108,104.72 1,723,818,979.39 87,328,081.22 117,868,562.56 60,307,381.27 85,471,145.941,757,743,567.211,927,158,687.89 1,284,348,388.90 1,306,342,840.20 61,259,003.77 81,323,097.03 47,251,059.96 72,283,214.931,392,858,452.631,459,949,152.16 194,852,572.53 234,313,489.21 12,408,643.48 25,807,124.63 12,420,127.07 15,370,974.09 219,681,343.08 275,491,587.93 130,907,143.29 183,162,649.98 13,660,433.97 10,738,340.90 636,194.24 (2,183,043.08) 145,203,771.50 191,717,947.80 2,054,088,134.57 2,068,320,959.74 190,850,051.33 173,681,938.91 171,211,589.92190,636,329.632,416,149,775.822,432,639,228.28 450,400,150.18 483,632,584.62 120,232,642.20 123,760,979.25 44,189,442.82 55,090,757.17 614,822,235.20 662,484,321.04 90 44 (1) - - - 845,171.10-845,171.10 39,207,000.00 1,591,579.70 37,615,420.30 9,900,000.00-9,900,000.00 39,207,000.00 1,591,579.70 37,615,420.30 10,745,171.10-10,745,171.10 37,762,312.00 2004 12 31 (2) (%) (%) 1 34,942,337.26 96.47 812,021.45 34,130,315.81 28,860,571.09 95.63 682,833.69 28,177,737.40 1 2 - - - - 301,120.92 1.00 24,089.68 277,031.24 2 3 301,120.92 0.83 30,112.09 271,008.83 448,562.74 1.49 367,224.04 81,338.70 3 _ 976,149.97 2.70 790,235.07 _ 185,914.90 568,800.00 1.88 _ 113,760.00 455,040.00 36,219,608.15 100.00 1,632,368.61 34,587,239.54 30,179,054.75 100.00 1,187,907.41 28,991,147.34 5% 15,781,879.84 43.57% (3) 45

2004 (%) (%) 1 1,783,810.71 57.67 7,112.88 1,776,697.83 839,110.10 46.96 80,542.48 758,567.62 1 2 486,447.50 15.73 38,915.80 447,531.70 190,973.88 10.69 10,012.54 180,961.34 2 3 _ 822,714.00 26.60 82,271.40 _ 740,442.60 756,896.88 42.35 _ - 756,896.88 3,092,972.21 100.00 128,300.08 2,964,672.13 1,786,980.86 100.00 90,555.02 1,696,425.84 2,014,338.88 65.13% (4) 1,187,907.41 593,890.97 (149,429.77) 1,632,368.61 90,555.02 37,745.06-128,300.08 1,278,462.43 631,636.03 (149,429.77) 1,760,668.69 (5) 36,082,200.00 36,082,200.00 603,784,070.61 560,508,336.25 58,602,210.99 57,486,682.23 25,962,377.90 24,875,518.10 25,804,507.11 26,865,154.20 750,235,366.61 705,817,890.78 (5.1) 1,284,234.00 0.69% 1,082,200.00-1,082,200.00 1,082,200.00 35,000,000.00 0.94% _ 35,000,000.00 _ - _ 35,000,000.00 _ 35,000,000.00 36,082,200.00-36,082,200.00 36,082,200.00 46

2004 (5.2) 18,724,600.55-90.00% 3,755,318.89-3,755,318.89 (2,304,000.00) 7,444,872.82 26,169,473.37 35,365,897.36-70.00% 5,531,912.25-5,531,912.25 (6,840,710.19) 13,931,080.52 49,296,977.88 174,949,318.75-65.00% 53,636,907.32 82,510.66 53,719,417.98 (26,000,000.00)223,109,453.86398,058,772.61 27,596,823.84 17,500,000.00 80.00% 8,901,662.12-8,901,662.12 (8,613,939.75) 11,397,103.43 56,493,927.27 43,000,000.00-86.00% 3,001.68-3,001.68 (609,370.10) 5,284,904.33 48,284,904.33 28,505,178.08-65.17% (821,475.98) - (821,475.98) - (5,579,360.05) 22,925,818.03 _ 3,500,279.66 _ - 70.00% (946,082.54) - (946,082.54) _ - (946,082.54) _ 2,554,197.12 331,642,098.24 17,500,000.00 70,061,243.74 82,510.66 70,143,754.40 (44,368,020.04)254,641,972.37 603,784,070.61 8,442,000.00-46.90% (376,662.52) - (376,662.52) - (8,371,943.38) 70,056.62 _ 22,840,088.37 _ - 30.00% 2,525,757.11 305,765.21 2,831,522.32 _ (1,368,000.00) 3,052,232.91 _ 25,892,321.28 31,282,088.37-2,149,094.59 305,765.21 2,454,859.80 (1,368,000.00) (5,319,710.47) 25,962,377.90 ( )48,283,551.76-50.00% 9,611,044.03 4,484.73 9,615,528.76 (8,500,000.00) 10,318,659.23 58,602,210.99 47

2004 (5.3) (7,683,057.71)(6,540,703.40)50-147,545.76 (6,393,157.64) 1,464,333.68 1,376,817.36 6-10 - (225,414.96) 1,151,402.40 7,244,188.27 6,435,253.93 50 - (144,883.77) 6,290,370.16 ( )22,766,448.2420,447,643.30 45 - (505,921.07) 19,941,722.23 3,717,126.46 2,942,725.10 20 - (185,856.32) 2,756,868.78 1,623,821.92 1,446,367.57 10 - (101,584.36) 1,344,783.21 757,050.34 757,050.34 20 - (44,532.37) 712,517.97 29,889,911.2026,865,154.20 - (1,060,647.09) 25,804,507.11 (6) 962,451.83 7,453,150.21 (1,591,579.70) 1,207,800.00-935,590.94 (629,127.87) 9,596,541.15 208,468.60 401,103.76 81,821,382.36 89,168,715.91 / (1,060,647.09) (863,365.30) 80,969,203.87 88,706,454.37 80,340,076.00 98,302,995.52 (7) 146,409,361.11 99,838,048.69 149,395,999.15 99,009,467.36 40,876,544.36 33,297,160.03 6,445,035.90 4,828,098.93 187,285,905.47 133,135,208.72 155,841,035.05 103,837,566.29 48

2004 45 (1) 2368 2 63 6 (2) 230,000,000.00 5,000,000.00 (3) % 273,871,060.00 58.54% 1,501,500.00 70.00% (4) (5) (a) - 15,496,310.50 16,148,605.33 23,945,181.85 12,308,084.33 49

2004 33,086,666.15 27,823,690.87 1,555,709.04 2,602,786.70 3,920,386.92 2,740,124.19 648,303.32 702,240.57 3,652,227.09 3,396,482.99 47,231.53 88,309.18 111,111.13 350,427.41 2,257,357.49-84,720,485.02 66,160,751.57-54,598,686.47 48,260,757.12 60,411,873.73 53,166,149.87 10,550,336.50 10,759,808.74 32,365,802.33 36,940,232.89 4,028,094.83 2,789,868.39 3,313,213.68 3,563,662.68 640,598.29-165,908,605.83 155,480,479.69 (b) - 320,000.00 415,796.75 - (c) - 766,246.61 999,635.44-841,568.00 2,472,504.00-500,000.00 - - 570,000.00-50

2004 - - 388,584.27 - - 150,000.00-538,584.27 (d) 8,187,481.64 6,235,517.91 2,688,157.32 2,554,352.55 97,601.40-2,130,637.98-413,718.43 297,072.73-1,023,942.51 13,517,596.77 10,110,885.70 636,996.32 451,840.81 360,000.00 - - 327,817.20-474,505.50 996,996.32 1,254,163.51 11,607,480.96 16,703,250.69 7,019,818.78 6,883,394.87 4,293,254.39 7,027,474.59 679,143.12 1,058,220.23 1,160,314.15 2,050,295.04 6,400.00 44,400.00 24,766,411.40 33,767,035.42 149,000.88 - - 80,000.00 149,000.88 80,000.00-725,200.00 12,000,000.00 9,000,000.00 4,500,000.00 2,500,000.00 500,000.00 300,000.00-1,500,000.00-6,000,000.00 17,000,000.00 19,300,000.00 51

2004 46 ( 1) 10,300,000.00 1 47 (1) - 36,737 15,597 (2) 1 3,383 2,203 2 1,920 1,185 3 1,773 1,185 36,785 35,859 43,861 40,432 52

2004 12 31 ( ) ( ) 7 515,615,273.36 642,840,082.71 237,882,187.93 345,028,620.11 8 37,615,420.30 11,728,499.20 37,615,420.30 10,745,171.10 9 117,129,731.18 106,051,682.93 28,079,072.70 13,543,269.70 2,107,244.42-1,368,000.00-10 265,676,046.96 264,042,952.77 34,587,239.54 28,991,147.34 11 13,877,031.53 14,285,987.55 2,964,672.13 1,696,425.84 13 80,231,479.83 39,039,553.13 3,954,586.02 3,176,652.73 14 413,793,064.91 461,947,127.51 35,260,763.65 35,141,002.37 15 1,289,122.45 1,487,498.02 148,270.77 490,416.83 1,447,334,414.94 1,541,423,383.82 381,860,213.04 438,812,706.02 16 210,373,772.60 189,288,338.13 750,235,366.61 705,817,890.78 17 996,355,771.90 838,798,079.81 256,593,500.40 167,312,978.34 17 362,864,104.62 297,133,619.67 47,864,081.23 38,753,375.57 17 633,491,667.28 541,664,460.14 208,729,419.17 128,559,602.77 17 21,818,540.79 30,637,300.60 16,852,779.34 21,410,765.47 17 611,673,126.49 511,027,159.54 191,876,639.83 107,148,837.30 18 56,346,094.65 98,030,511.30 3,886,462.57 69,406,912.62 668,019,221.14 609,057,670.84 195,763,102.40 176,555,749.92 19 88,159,536.85 89,653,550.54 20,049,641.46 20,036,746.34 20 2,262,830.29 3,216,284.95 - - 90,422,367.14 92,869,835.49 20,049,641.46 20,036,746.34 2,416,149,775.82 2,432,639,228.28 1,347,908,323.51 1,341,223,093.06

2004 12 31 ( ) ( ) 21 134,942,058.75 122,000,000.00 - - 22 77,260,842.03 90,950,731.37 3,519,428.10 2,489,058.63 23 216,911,507.42 282,266,735.87 28,166,271.04 30,902,564.44 24 21,185,061.58 20,717,160.59 4,381,209.73 70,000.00 3,390,304.99 9,479,195.16-285,724.99 15,758,345.40 20,022,884.74 176,522.20 558,222.88 25 1,322,370.46 1,322,370.46 - - 26 16,859,921.44 17,136,014.03 2,475,206.56 1,490,564.10 200,745.41 256,812.36 1,936.00 6,828.99 27 45,019,068.48 52,281,897.14 4,000,229.12 8,446,841.95 28 8,248,651.27 9,580,815.86 134,541.50 147,767.50 29 8,913,357.97 2,889,703.46 - - 31 25,000,000.00 - - - 575,012,235.20 628,904,321.04 42,855,344.25 44,397,573.48 30 8,810,000.00 8,580,000.00 610,000.00 1,130,000.00 31 31,000,000.00 25,000,000.00 - - 39,810,000.00 33,580,000.00 610,000.00 1,130,000.00 614,822,235.20 662,484,321.04 43,465,344.25 45,527,573.48 498,595,177.83 476,275,334.34 - - 32 467,840,000.00 467,840,000.00 467,840,000.00 467,840,000.00 33 557,745,570.35 556,950,617.23 557,745,570.35 556,950,617.23 34 184,223,196.23 159,009,027.12 113,536,464.95 98,308,388.96 34 55,801,991.17 46,915,841.82 36,142,206.92 31,066,181.59 35 70,176,000.00 93,568,000.00 70,176,000.00 93,568,000.00 36 22,747,596.21 16,511,928.55 95,144,943.96 79,028,513.39 1,302,732,362.79 1,293,879,572.90 1,304,442,979.26 1,295,695,519.58 2,416,149,775.82 2,432,639,228.28 1,347,908,323.51 1,341,223,093.06

2004 12 31 37 1,757,743,567.21 1,927,158,687.89 187,285,905.47 155,841,035.05 37 1,392,858,452.63 1,459,949,152.16 133,135,208.72 103,837,566.29 38 2,327,106.82 1,002,350.77 626,456.80 517,664.61 362,558,007.76 466,207,184.96 53,524,239.95 51,485,804.15 13,821,072.87 12,165,065.87 3,091,358.63 2,280,481.26 50,130,657.45 57,907,106.26 5,744,560.90 5,068,820.95 179,308,191.34 228,318,934.88 32,713,602.36 41,507,521.67 39 1,736,460.34 428,261.89-5,949,978.08-2,332,772.77 145,203,771.50 191,717,947.80 24,107,413.40 9,522,715.56 40 29,673,517.74 28,483,585.27 80,340,076.00 98,302,995.52 41 7,523,637.88 3,320,153.00 8,900.00-2,051,696.22 962,573.00 784,980.00 197,691.94-376,935.10 7,683,804.71 104,282.77 855,996.08 184,829,558.44 216,800,454.36 105,137,086.63 107,167,406.94 42 20,492,841.96 31,009,230.76 3,616,580.07 3,622,149.66 62,710,879.71 82,942,218.82 - - 101,625,836.77 102,849,004.78 101,520,506.56 103,545,257.28 16,511,928.55 35,204,672.98 79,028,513.39 84,583,044.70 118,137,765.32 138,053,677.76 180,549,019.95 188,128,301.98 36 14,273,311.39 15,335,152.24 10,152,050.66 10,354,525.72 36 8,886,149.35 9,610,335.57 5,076,025.33 5,177,262.87 36 2,054,708.37 3,028,261.40 - - 92,923,596.21 110,079,928.55 165,320,943.96 172,596,513.39 35 70,176,000.00 93,568,000.00 70,176,000.00 93,568,000.00 22,747,596.21 16,511,928.55 95,144,943.96 79,028,513.39

2004 12 31 2,088,958,674.90 2,150,731,110.01 215,246,795.06 179,141,782.48 7,223,637.88 3,320,153.00 8,900.00-11,508,970.27 14,136,281.00 6,573,493.35 4,530,149.99 2,107,691,283.05 2,168,187,544.01 221,829,188.41 183,671,932.47 1,642,618,680.53 1,692,384,610.66 144,626,966.78 107,796,186.63 118,008,607.61 132,642,927.56 19,233,949.54 24,336,136.94 104,975,239.28 110,771,778.24 16,333,905.98 16,489,881.56 114,387,021.16 73,994,637.05 33,117,631.66 19,245,817.53 1,979,989,548.58 2,009,793,953.51 213,312,453.96 167,868,022.66 127,701,734.47 158,393,590.50 8,516,734.45 15,803,909.81 11,647,214.28 170,240,072.34 2,730,811.53 140,971,151.33 8,173,114.27 22,345,508.32 52,868,020.04 85,449,113.09 9,957,645.98 1,902,872.98 4,840,370.48 19,766.13 29,777,974.53 194,488,453.64 60,439,202.05 226,440,030.55 147,230,744.11 140,836,880.07 35,012,648.68 50,757,253.31 38,793,706.12 178,228,022.12 47,521,720.00 134,936,304.13 186,024,450.23 319,064,902.19 82,534,368.68 185,693,557.44-156,246,475.70-124,576,448.55-22,095,166.63 40,746,473.11 4,375,000.00 380,000.00 - - 4,375,000.00 380,000.00 - - 360,542,058.75 322,000,000.00 - - 364,917,058.75 322,380,000.00 - - 316,600,000.00 254,500,000.00 - - 146,997,126.87 118,263,965.13 93,568,000.00 60,819,200.00 44,810,465.03 52,936,466.41 - - - 3,568,000.00 - - 463,597,126.87 376,331,965.13 93,568,000.00 60,819,200.00-98,680,068.12-53,951,965.13-93,568,000.00-60,819,200.00 - - - - ( ) -127,224,809.35-20,134,823.18-107,146,432.18-4,268,817.08

2004 12 31 ( ) ( ) 101,625,836.77 102,849,004.78 101,520,506.56 103,545,257.28 62,710,879.71 82,942,218.82 - - -4,957,477.43 15,630,902.81 1,117,730.54 2,687,223.47 74,468,408.87 77,170,664.47 9,968,041.29 8,722,988.28 8,542,084.33 7,243,891.12 966,213.36 947,801.52 1,240,876.66 6,416,672.63-1,651,526.58 ( ) 198,375.57-212,328.41 342,146.06-490,416.83 ( ) -1,332,164.59 4,686,733.65-13,226.00 77,767.50 ( ) 419,679.85 287,245.01-346,052.86 72,466.95 8,618,661.84 4,508,298.72 - - ( ) -29,673,517.74-28,483,585.27-80,340,076.00-98,302,995.52 ( ) 44,661,724.05-91,217,550.07-479,834.46-8,586,961.36 ( ) -49,189,653.42-52,460,368.29-22,809,710.81-7,581,031.08 ( ) -89,631,980.00 29,031,790.53-1,409,003.23 13,060,283.02 127,701,734.47 158,393,590.50 8,516,734.45 15,803,909.81 - - - - ( ) 515,615,273.36 642,840,082.71 237,882,187.93 345,028,620.11 642,840,082.71 639,926,695.85 345,028,620.11 349,297,437.19-23,048,210.04 - - ( ) -127,224,809.35-20,134,823.18-107,146,432.18-4,268,817.08

2004 1 1 2004 12 31 30,396,428.51 1,278,462.43 2,889,414.89 631,636.03 7,189,389.86-162,632.42 149,429.77 25,933,821.12 1,760,668.69 20,533,241.98 1,187,907.41 2,540,901.87 593,890.97 5,979,368.31-158,415.62 149,429.77 16,936,359.92 1,632,368.61 9,863,186.53 90,555.02 348,513.02 37,745.06 1,210,021.55-4,216.80-8,997,461.20 128,300.08 - - 1,591,579.70 1,591,579.70 - - - - 1,591,579.70 1,591,579.70 - - 1,591,579.70 1,591,579.70 - - - - 1,591,579.70 1,591,579.70 15,564,989.10 2,479,473.84 3,492,338.55 360,073.18 - - 3,970,432.28 479,234.83 15,086,895.37 2,360,312.19 9,317,892.25 892,366.72 993,601.73 - - - 3,033,126.72 479,234.83 7,278,367.26 413,131.89 332,815.77-379,176.41 270,949.64 - - 158,568.65-553,423.53 270,949.64 5,114,281.08 1,587,107.12 2,119,560.41 89,123.54 - - 778,736.91-6,455,104.58 1,676,230.66 800,000.00 - - - - - - - 800,000.00-30,637,300.60 21,410,765.47 432,160.39 126,021.33 4,582,001.40-4,668,918.80 4,684,007.46 21,818,540.79 16,852,779.34 118,449.00 - - - - - - - 118,449.00-26,817,906.60 19,376,184.82 - - 4,582,001.40-4,398,532.97 4,385,789.05 17,837,372.23 14,990,395.77 2,842,158.75 1,226,374.61 98,188.75 126,021.33 - - 176,811.45 204,644.03 2,763,536.05 1,147,751.91 858,786.25 808,206.04 333,971.64 - - - 93,574.38 93,574.38 1,099,183.51 714,631.66 1,159,827.80 1,159,827.80 - - - - - 1,159,827.80 1,159,827.80