SHANDONG SHENGLI CO. LTD. 2003 Annual Report

2003 2 3 5 7 9 10 11 19 21 23 73 1

2003 2003 SHANDONG SHENGLI CO., LTD. SDSL 139 (0531) 6920495 (0531) 6018518 sd000407@yahoo.com.cn 139 250011 http://www.vicome.com sd000407@yahoo.com.cn 2

2003 http://www.cninfo.com.cn 000407 1 1994 5 11 2003 6 5 2 3700001800865 3 370102163074944 4 1056 A B 7-8 44,135,977.55 29,096,814.87 * 18,040,477.68 106,062,946.34 1,292,013.91 30,496,995.82 15,235,031.45 0-1,596,049.72 11,643,217.33-38,734,734.10 3

2003 655,979.55 16,994,050.91 1,103,994.62 2,252,029.27 5,445,658.62 2003 2002 2001 723,408,630.99 702,860,446.94 702,860,446.94 825,239,115.18 825,239,115.18 29,096,814.87 18,369,304.54 18,369,304.54 34,192,535.94 34,611,688.43 1,118,555,583.99 1,140,257,173.56 1,140,257,173.56 1,091,430,473.30 1,101,770,263.24 554,926,373.80 549,664,085.61 525,705,209.81 531,883,214.67 537,415,627.53 0.12 0.08 0.08 0.14 0.14 2.32 2.29 2.19 2.22 2.24 2.25 2.20 2.10 2.16 2.18 0.05 0.35 0.35 0.32 0.32 5.24% 3.34% 3.49% 6.43% 6.44% 2002 2002 23,958,875.80 2002 23,958,875.80 2003 % 19.11 18.79 0.44 0.44 5.50 5.40 0.13 0.13 5.24 5.15 0.12 0.12 3.25 3.20 0.08 0.08 4

2003 239,588,758 201,789,089.48 36,849,846.18 12,159,449.50 47,477,516.15 23,958,875.80 549,664,085.61 670,528.18 4,282,595.37 1,427,531.79 29,096,814.87 11,979,437.90 46,029,376.32 16,808,212.33 23,958,875.80 40,767,088.13 239,588,758 202,459,617.66 41,132,441.55 13,586,981.29 59,766,118.69 11,979,437.90 554,926,373.80 1 10% 5% 2 3 2002 2003 1 + - 1 1,000,000 1,000,000 1,000,000 1,000,000 2 94,392,100 94,392,100 3 95,392,100 95,392,100 144,196,658 144,196,658 5

2003 144,196,658 144,196,658 239,588,758 239,588,758 2 1 2003 12 31 65,745 2 10 +/- % 1 43,411,076 18.12 42,297,100 1,113,976 2 36,300,000 15.15 3 15,593,515 6.51 4 7,312,500 3.05 5 2,925,000 1.22 6 1,930,500 0.81 7 1,462,500 0.61 8 1,000,000 0.42 9 789,750 0.33 10 756,465 0.32 3 10 1 2002[35] 11,000 139 2002 7 23 43 350 ( 3.18%) 37 345.75 65 6

2003 2 2000 1 100 3 10% 10% 5,400 1997 7 8 4 1 15,593,515 A 2 1,113,976 A 3 756,465 A 4 708,630 A 5 385,712 A 6 303,074 A 7 300,000 A 8 273,000 A 9 240,000 A 10 230,000 A ; 42 2003.4----2006.4 25,916 25,916 48 2003.4----2006.4 46 2003.4----2006.4 17,276 17,276 47 2003.4----2006.4 38 2003.4----2006.4 17,276 17,276 38 2003.4----2006.4 41 2003.4----2006.4 40 2003.4----2006.4 46 2003.4----2006.4 7

2003 47 2003.4----2006.4 37 2003.4----2006.4 42 2003.4----2006.4 54 2003.4----2006.4 52 2003.4----2006.4 39 2003.4----2006.4 49 2003.4----2006.4 50 2003.4----2006.4 30 2003.4----2006.4 38 2003.4----2006.4 49 2003.4----2006.4 1 1 2002 7 2005 7 2 2000 3 3 2002 7 2005 7 4 2003 5 2006 5 5 2003 6 2006 6 6 1995 7 7 2000 5 2 2002 2003 96.5 1 4 10 4 6 4 9 11 6 26.4 29.9 8

2003 3 3 2003 12 31 716 241 85 127 43 139 450 63% 428 60% 76 153 199 2003 12 31 5 9

2003 1 2003 3 21 2002 2003 4 28 139 2 10 110,142,715 239,588,758 45.97 3 (1) 2002 (2) 2002 (3) 2002 (4) 2002 (5) (6) (7) (8) 4 2003 4 29 www.cninfo.com.cn 10

2003 2003 4 2002 2003 72,340.9 10,606.3 2,909.7, 2003 9 GMP 47 GMP 50% 1699 909 11

2003 263.3 1 0.25% 2 (1) 277,437,017.05 63,863,689.23 437,285,970.57 34,019,319.14 8,685,643.37 8,179,937.97 723,408,630.99 106,062,946.34 (2) 123,264,807.04 26,291,122.22 154,172,210.01 37,572,567.01 437,285,970.57 34,019,319.14 8,685,643.37 8,179,937.97 723,408,630.99 106,062,946.34 (3) 275,688,727.73 54,199,928.49 121,238,149.32 29,720,677.09 12

2003 308,368,844.72 19,248,717.82 18,112,909.22 2,893,622.94 723,408,630.99 106,062,946.34 3 10% 12,326 13.8% 9,641 21.8% 1,007.4 15,417 13.8% 11,660 24.4% 1,102.1 20 43,729 40,286 7.9% 3.3% 5,800 51% 2003 6,020.8 1,811.3-0.4 2,500 85%, 2003 12,665 15,277.2 1,092.4 200 68.9%, 2003 938.9 89.2-5.8 500 100% 2003 602.6 192.1-24.4 2,500 40%,, 13

2003 2003 4,308.9 1,597.5-392.9 500 80% 2003 416.6-20.4 100 100%, 2003 533.6 1,427.4 21.1 500 90% 2003 691.8 6,043 69.5 500 94% 2003 1,890.3 26,680.4 474.1 200 100% 2003 718.6 256.2-13.4 800 100% 2003 796 22.1-1.7 2,893 100%2003 7 28 50% 50% 2003 1--7 5,397.9-37.8 1,500 100% 2003 16,361.4 10,301.3 944.8 1,000 100% 2003 1,066.8 14

2003 488.9 24.1 2.41 40.2% 1.90 26.2% 1 2 2003 00 50% 1 2000 16,583.60 FCD-98 FCD-98 2003 2003 2003 19,789.44 / FCD-98 5,889.00 5,057.45 1,733.93 6,791.38 115.32% FCD-98 6,248.00 4,490.43 2,037.32 6,527.75 104.48% 4,027.00 3,687.41 2,782.90 6,470.31 160.67% 15

2003 16,164.00 13,235.29 6,554.15 19,789.44 122.43% 2 FCD-98 FCD-98 GMP 2004 1 2003 5 10% 2,670,528.18 85% 2003 109.2 2 2003 7 2 200 100% -13.4 3 2003 8 7 800 100% -1.7 (%) 106,062,946.34 104,452,181.21 1.54 29,096,814.87 18,369,304.54 58.40-38,734,734.10-39,114,480.65 0.97 (%) 1,118,555,583.99 1,140,257,173.56-1.90 554,926,373.80 549,664,085.61 0.96 16

2003 1 2 58.40% 3 4 5 2003 1 2003 (1) 2003 1 21 (2) 2003 3 21 2002 2002 2002 2002 2002 2003 3 25 www.cninfo.com.cn (3) 2003 4 17 2003 2003 2003 4 21 www.cninfo.com.cn (4) 2003 4 28 17

2003 2003 4 29 www.cninfo.com.cn (5) 2003 7 28 2003 2003 2003 2003 7 30 www.cninfo.com.cn (6) 2003 10 27 2003 2003 10 30 www.cninfo.com.cn 2 2002 2003 6 13 10 1 2003 2003 2003 2003 29,096,814.87 10% 2,855,063.58 5% 1,427,531.79 546,179.06 47,477,516.15 71,745,556.59 18

2003 239,588,758 10 0.50 10 2 2003 [2003]56 2003 10 10 11 4 2003 2003 2 14 2003 3 21 2002 2002 2002 2002 2002 2002 2002 2003 3 25 www.cninfo.com.cn 2003 4 17 2003 19

2003 2003 4 28 2003 4 29 www.cninfo.com.cn 2003 7 28 2003 2003 2003 7 30 www.cninfo.com.cn 2003 10 10 2003 49 2003 56 2003 10 27 2003 10 30 www.cninfo.com.cn 1 20

2003 2 3 000 4 50% 5 2003 7 28 50% 2003 7 28 21

2003 50% 1 2,893 28 1996 9 23 2002 12 31 4,795.6 1,005.7 3,789.8 99.6 367.1 2003 6 30 4,494.3 1,278.6 3,215.7 162.9 76.76 2% 2 1 50% 1,446.5 3,250 90% 2003 7 31 2 2003 7 2.25 / 3 4 16,994,050.91 1,318,477.65 1,140,544.81 14,535,028.45 965,914.30 4,477,807.67 00 9,091,306.48 22

2003 2003 11 19 www.cninfo.com.cn 2002 2002 9 2005 9 1.5 5% 2003 2002 45 45 23

2003 2004 0172 2003 12 31 2003 2003 2003 2003 12 31 2003 2004 3 24 24

2003 2003 12 31 01 1 60,038,427.15 47,131,538.47 98,773,161.25 95,273,848.02 2 67,918,628.90 61,865,549.09 78,472,224.00 26,788,058.00 2,513,117.68 3 61,527,456.32 42,909,708.04 71,286,018.97 59,690,613.97 4 31,009,103.26 185,852,811.71 27,212,383.64 118,764,740.73 5 80,693,726.69 53,106,618.20 79,336,990.37 50,643,585.22 6 107,903.59 7 162,245,369.18 32,611,629.95 172,176,189.62 40,095,657.14 8 630,573.95 182,215.56 1,047,609.71 184,467.81 464,171,189.04 426,173,188.70 528,304,577.56 391,440,970.89 9 115,016,800.37 249,201,727.56 101,311,844.49 268,297,994.71 115,016,800.37 249,201,727.56 101,311,844.49 268,297,994.71 : -758,170.13-2,041,088.51 10 597,543,291.75 389,514,755.80 401,611,949.01 194,431,237.78 10 72,685,171.98 23,271,795.03 57,627,330.49 19,670,541.65 524,858,119.77 366,242,960.77 343,984,618.52 174,760,696.13 10 9,152,688.27 8,991,610.51 9,559,404.68 8,991,610.51 515,705,431.50 357,251,350.26 334,425,213.84 165,769,085.62 11 6,328,156.47 141,893,151.74 138,688,214.80 57,679.64 522,033,587.97 357,251,350.26 476,376,045.22 304,457,300.42 12 17,067,170.16 3,668,392.47 19,566,331.08 3,974,814.34 13 266,836.45 14,698,375.21 34,042.42 17,334,006.61 3,668,392.47 34,264,706.29 4,008,856.76 1,118,555,583.99 1,036,294,658.99 1,140,257,173.56 968,205,122.78 25

2003 01 2003 12 31 14 191,650,035.70 191,650,035.70 175,926,747.91 175,926,747.91 15 16,150,000.00 5,366,180.72 107,372,900.00 33,092,900.00 16 94,985,756.40 61,727,332.85 65,905,181.52 22,276,058.36 17 4,508,501.13 4,773,420.14 16,779,387.43 5,780,458.60 2,590,786.26 2,590,786.26 2,233,222.62 2,233,222.62 2,808,753.82 1,395,554.04 2,721,229.99 1,938,162.74 18 4,975,453.93 901,451.44 391,950.96 391,950.96 19-7,866,914.04-3,952,236.48-18,455,811.57-11,910,023.53 20 1,858,780.22 1,634,342.44 1,738,724.53 1,624,504.93 21 24,252,833.29 38,941,525.97 21,706,687.05 33,075,410.09 22 697,960.99 697,960.99 23 70,000,000.00 70,000,000.00 406,611,947.70 375,726,354.07 376,320,220.44 264,429,392.68 24 105,641,931.12 105,641,931.12 154,111,644.49 154,111,644.49 105,641,931.12 105,641,931.12 154,111,644.49 154,111,644.49 512,253,878.82 481,368,285.19 530,431,864.93 418,541,037.17 51,375,331.37 60,161,223.02 25 239,588,758.00 239,588,758.00 239,588,758.00 239,588,758.00 239,588,758.00 239,588,758.00 239,588,758.00 239,588,758.00 26 202,459,617.66 202,459,617.66 201,789,089.48 201,789,089.48 27 41,132,441.55 41,132,441.55 36,849,846.18 36,849,846.18 27 13,586,981.29 13,586,981.29 12,159,449.50 12,159,449.50 28 59,766,118.69 59,766,118.69 47,477,516.15 47,477,516.15 11,979,437.90 11,979,437.90 23,958,875.80 23,958,875.80 554,926,373.80 554,926,373.80 549,664,085.61 549,664,085.61 1,118,555,583.99 1,036,294,658.99 1,140,257,173.56 968,205,122.78 26

2003 2003 02 29 723,408,630.99 158,887,167.17 702,860,446.94 266,328,595.86 29 615,874,925.50 132,755,008.28 596,677,056.17 241,731,829.30 30 1,470,759.15 527,618.71 1,731,209.56 981,161.10 106,062,946.34 25,604,540.18 104,452,181.21 23,615,605.46 31 1,292,013.91 1,114,795.78 1,965,971.89 1,642,793.63 21,908,483.47 3,280,753.52 22,781,803.27 3,868,322.42 33,882,581.69 13,668,036.36 35,550,716.46 16,716,834.80 32 21,066,899.27 12,910,802.00 17,747,657.03 13,162,042.85 30,496,995.82-3,140,255.92 30,337,976.34-8,488,800.98 33 15,235,031.45 36,193,251.69 70,171.81 25,019,492.94-81,589.43 34 655,979.55 262,340.39 476,539.51 12,993.91 35 2,252,029.27 1,617,450.74 762,055.19 138,435.08 44,135,977.55 31,697,885.42 30,204,221.90 16,405,250.79 36 15,092,212.70 3,147,249.61 11,407,083.10-1,374,697.00-53,050.02 427,834.26 29,096,814.87 28,550,635.81 18,369,304.54 17,779,947.79 27

2003 02 1 2003 29,096,814.87 28,550,635.81 18,369,304.54 17,779,947.79 47,477,516.15 47,477,516.15 56,323,436.33 56,323,436.33 76,574,331.02 76,028,151.96 74,692,740.87 74,103,384.12 2,855,063.58 2,855,063.58 1,777,994.78 1,777,994.78 1,427,531.79 1,427,531.79 888,997.39 888,997.39 546,179.06 589,356.75 71,745,556.59 71,745,556.59 71,436,391.95 71,436,391.95 11,979,437.90 11,979,437.90 23,958,875.80 23,958,875.80 59,766,118.69 59,766,118.69 47,477,516.15 47,477,516.15 1 2 3 ( ) 4 ( ) 879,575.40 5 28

2003 2003 2003 (%) () 19.11 18.79 0.44 0.44 5.50 5.40 0.13 0.13 5.24 5.15 0.12 0.12 3.25 3.20 0.08 0.08 655,979.55 2,252,029.27 0 16,994,050.91 1,103,994.62 5,445,658.62 18,040,477.68 29

2003 2003 03 1 871,203,920.06 167,621,825.46 3 - - 8 1,712,870.36 21,904,842.05 9 872,916,790.42 189,526,667.51 10 803,153,338.96 164,891,700.15 12 24,244,196.93 2,822,644.71 13 18,737,649.05 5,732,181.54 18 15,138,388.15 15,737,070.89 20 861,273,573.09 189,183,597.29 21 11,643,217.33 343,070.22 22 14,401,954.47 14,401,954.47 23 18,140,019.28 50,144,974.87 25-58,340.54-605,933.19 28 - - 29 32,483,633.21 63,940,996.15 30 62,891,602.97 38,116,188.89 31 4,000,000.00 12,900,000.00 35 7,344,396.02 7,344,396.02 36 74,235,998.99 58,360,584.91 37-41,752,365.78 5,580,411.24 38 40 271,649,722.50 271,649,722.50 43 44 271,649,722.50 271,649,722.50 45 237,029,267.58 237,029,267.58 46 42,543,151.46 32,141,249.77 52 56,599,340.00 53 279,572,419.04 325,769,857.35 54-7,922,696.54-54,120,134.85 55 54,343.84 54,343.84 56-757,232.95 57-38,734,734.10-48,142,309.55 30

2003 2003 1 57 29,096,814.87 28,550,635.81-53,050.02 58-313,781.19-531,894.60 59 18,289,484.84 5,103,440.65 60 956,516.02 306,421.87 61 745,312.55 34,042.42 64 417,035.76 2,252.25 65 697,960.99 697,960.99 66-250,280.99-255,853.23 67 68 22,250,836.69 13,790,595.55 69-15,235,031.45-36,193,251.69 70 71 9,930,820.44 7,484,027.19 72 10,403,437.92-79,672,839.00 73-65,292,859.10 61,027,532.01 74 75 11,643,217.33 343,070.22 2 76 77 78 3 79 60,038,427.15 47,131,538.47 80 98,773,161.25 95,273,848.02 81 82 83-38,734,734.10-48,142,309.55 31

2003 01 1 2003 1 5,184,126.45 199,827.35 513,608.56-513,608.56 4,870,345.24 2 3,751,895.73 513,608.56 513,608.56 3,238,287.17 3 1,432,230.72 199,827.35-1,632,058.07 4 5 6 7 2,122,196.52 - - - 2,122,196.52 8 1,620,187.32 1,620,187.32 9 502,009.20 502,009.20 10-11 - 12 13 14 15 9,559,404.68 - - 406,716.41 406,716.41 9,152,688.27 16 8,991,610.51-8,991,610.51 17 161,077.76-161,077.76 18 406,716.41 406,716.41 406,716.41-19 - - 20 - - 21 22 23 24-25 26 16,865,727.65 199,827.35 513,608.56 406,716.41 920,324.97 16,658,838.59 32

2003 2003 1993 318 (1993)38 1994 4 26 (1994)103 A 1996 7 3 1997 4 29 (1997)46 (1997)78 9680 1998 5 18 1997 9680 10 2 0.5 ( ) 10 3 14520 1999 10 8 1999 14520 10 2 0.5 ( ) 10 3 21780 1999 10 (1999)61 (1999)150 21,788,758 239,588,758 3700001800865 139 ;0.25% 2005 12 31 33

2003 1 2 1 1 12 31 3 4 5 ; 6 7 : 8 (1) A ( ) ; B C ; ; D (2) 34

2003 (3) (4) 9 (1) (2) (3) ( ), 5% 10 (1) (2) (3) (4) (5) A B 11 (1) 35

2003 36 A B C (2) 20%(20%) 20% 20% 20% 20% (3) 10 (4) (1) A B

2003 C (2) (3) () : A a b c d e 2 1 1 2 a b c d B 12 (1) A B C 37

2003 (2) (3) A ( 3%) % 30 70 3.23 1.39 8 12 12.13 8.08 10 20 9.70 4.85 6 10 16.17 9.70 3 5 32.33 19.40 B C (4) A B 38

2003 13 (1) (2) A B 3 C (3) 14 (1) A ( ) B C (2) (3) = * 15 (1) 39

2003 (2) 10 (3) (4) (5) 50-70 50-70 2 50 50 ( ) 40 40 50 50 40 40 15 15 5 5 5 5 40

2003 16 ( ) ; 17 18 (1) A B C D (2) A B C 19 20 (1) 41

2003 (2) 1995 11 < >, 50% 50% 1996 2 10% 10% 10% 10% 21 (1) : ---,,,, 2003 23,958,875.80 2003 23,958,875.80 (2) 22 1 (1) 13%17% 42

2003 (2) 6% 2 5% 3 7% 4 3% 5 (1) 33% (2) 24% 3% 27% (3) 2004 1 1 33% (4) [2003]46 2001 15% (5) 33% 2003 12 31 1 % 5800 51 2958 2500 85 2040.11 1 1500 100 1500 200, 68.90 137.80 2500,, 40 1000 2 43

2003 1000 100 1000 800 100 800 1300 51 670 500 100 500 500 94 470 500 90 450 500 80 400 200 100 200 100, 100 100 1 2003 5 10% 85% 2 2500 40% 100% 3 100% 4 : (1) 2003 7 200 95% 5% (2) 2003 8 800 90% 10% 44

2003 2003 7 28 2003 7 30 50% 100% 50% 2003 1-7 2 % ( ) 28 100 232.1595 : 1996 2 10% 1 60,038,427.15 467,120.75 1,471,506.15 56,705,373.66 94,133,198.17 2,865,932.74 3,168,456.93 60,038,427.15 98,773,161.25 1 39.22% 45

2003 2 102,247.97 1:8.2767 846,275.77 3 2 67,918,628.90 16,857,283.96 69,472,224.00 51,061,344.94 9,000,000.00 67,918,628.90 78,472,224.00 3 61,527,456.32 % % () 1 28,795,450.61 44.46 1,439,772.53 50,450,656.77 67.23 2,522,532.84 1-2 15,830,119.73 24.44 791,505.99 11,908,813.00 15.87 595,440.65 2-3 9,993,877.26 15.43 499,693.86 10,879,804.49 14.50 543,990.22 3 10,146,295.89 15.67 507,314.79 1,798,640.44 2.40 89,932.02 64,765,743.49 100 3,238,287.17 75,037,914.70 100 3,751,895.73 61,527,456.32 71,286,018.97 1 15,487,924.73 23.91% 2 5% 5% 4 31,009,103.26 46

2003 % % () 1 17,767,997.75 54.43 888,399.89 13,103,587.40 45.75 655,179.37 1-2 4,716,127.72 14.45 235,806.39 9,199,779.36 32.12 459,988.97 2-3 4,746,721.08 14.54 237,336.05 1,771,138.10 6.18 88,556.90 3 5,410,314.78 16.58 270,515.74 4,570,109.50 15.95 228,505.48 32,641,161.33 100 1,632,058.07 28,644,614.36 100 1,432,230.72 31,009,103.26 27,212,383.64 1 9,432,298.07 28.90% 2 5% 5% 5 80,693,726.69 % % 1 52,898,307.49 65.55 41,170,249.73 51.89 1-2 18,009,073.22 22.32 27,695,937.14 34.91 2-3 4,273,953.70 5.30 10,352,948.90 13.05 3 5,512,392.28 6.83 117,854.60 0.15 80,693,726.69 100 79,336,990.37 100 (1) 5% 5% (2) 1 6 107,903.59 47

2003 7 162,245,369.18 95,190,477.39 1,620,187.32 116,899,192.96 1,620,187.32 16,296,717.16 12,337,003.80 23,040,003.69 10,900,504.53 273,267.58 241,011.80 26,000,356.69 20,034,669.62 3,566,743.19 502,009.20 3,172,761.29 502,009.20 10,713,242.14 164,367,565.70 2,122,196.52 174,298,386.14 2,122,196.52 162,245,369.18 172,176,189.62 17 8 630,573.95 222,732.56 361,089.71 390,027.48 193,794.79 166,666.66 963,050.00 692,937.50 436,779.16 658,210.49 372,164.48 1,030,374.97 1,047,609.71 1,696,304.19 2,113,339.95 630,573.95 9 115,016,800.37 101,311,844.49 35,719,387.06 22,014,431.18 115,016,800.37 48

2003 101,311,844.49 35,719,387.06 22,014,431.18 115,016,800.37 (1) () + - + - % 3549.29 11.25 35,492,885.28 232.1595 100-90 452.89-227 191.25 2,094,403.75 ( ) 118.287474 35 115,798.81 2,777,359.27 3,960,234.01 2725.445625 37898332.58 50-93,733.62 8,575,353.83 15,505,949.09 6,508,482.09 15,790,167.78 4000 40-4,385,998.20-5,883,135.92 34,230,633.24 200 20 906,148.12 3,913,644.78 3,957,564.56 10 2000 40 86,373.88 86,373.88 20,086,373.88 16.2708 0.02 162,708.00 12841.45-3,461,863.90 9,242,404.59 15,505,949.09 6,508,482.09 115,774,970.50 1 2003 7 28 2003 7 30 50% 100% 50% 32,500,000.00 15,505,949.09 2 2003 12 31 10,000 40% 40 35% ; 3,549.29 11.25% ; 2000 40% 200 20% 49

2003 16.27 0.02% 2,725.45 2003 7 50% (2) () () () () () () -2,961,853.06 10-2,381,651.32-235,684.24-1,103,994.62-1,041,972.46 404,317.18 10 340,562.81 56,760.48 283,802.33-2,557,535.88-2,041,088.51-178,923.76-1,103,994.62-758,170.13-178,923.76 2003 7 28 50% -1,103,994.62 10 222,146,018.22 97,474,951.73 17,432,518.67 302,188,451.28 3,081,644.04 111,505.28 1,090,741.78 2,102,407.54 158,607,898.47 65,632,680.68 498,425.00 223,742,154.15 13,924,491.97 3,278,759.21 2,549,420.42 14,653,830.76 3,851,896.31 52,079,782.29 1,075,230.58 54,856,448.02 401,611,949.01 218,577,679.19 22,646,336.45 597,543,291.75 17,826,322.02 4,390,196.14 514,008.83 21,702,509.33 1,817,119.14 159,264.97 411,432.32 1,564,951.79 30,188,456.53 11,036,478.38 372,840.51 40,852,094.40 6,101,066.64 2,006,461.67 1,555,984.17 6,551,544.14 50

2003 1,694,366.16 697,083.68 377,377.52 2,014,072.32 57,627,330.49 18,289,484.84 3,231,643.35 72,685,171.98 8,991,610.51 8,991,610.51 406,716.41 406,716.41 161,077.76 161,077.76 9,559,404.68 406,716.41 9,152,688.27 334,425,213.84 515,705,431.50 (1) 210,306,556.81 193,706,876.17 (2) 22,646,336.45 18,587,181.21 1,942,880.65, 406,716.41 (3) 2002 9 2005 9 1.5, 114,545,602.00, 108,223,395.21 (4) () () () () 70,267,918.58 7,315,551.83 2,413,129.35 60,539,237.40 350,817.00 151,240.96 199,576.04 51

2003 70,618,735.58 7,466,792.79 2,413,129.35 60,738,813.44 11 6,328,156.47 % 4027 36,569,107.92 28,133,954.02 64,703,061.94 160.67 FCD 98 5889 49,341,252.92 18,572,500.25 67,913,753.17 115.32 FCD 98 6248 43,904,263.87 17,185,797.19 61,090,061.06 97.78 284.6 1,673,221.77 233,030.44 1,817,642.21 88,610.00 66.98 1233.80 8,873,590.09 5,251,742.21 12,404,162.12 1,721,170.18 100.54 229.24 994,885.64 550,322.85 1,545,208.49 67.41 PE 2761.00 5,805,937.75 5,808,698.75 534,068.53 729,447.01 832,667.82 430,847.72 141,893,151.74 76,462,731.72 210,306,556.81 1,721,170.18 6,328,156.47 (1) 95.54% FCD-98 FCD 98 (2) 1,721,170.18 2003 7 1,721,170.18 ; (3) PE 2,761.00 ; (4) 12 17,067,170.16 () () () () () () 52

2003 1 1,274,468.38 1,134,870.22 25,502.76 165,100.92 1,109,367.46 43.5 2 3,471,027.92 3,223,255.90 49,586.04 297,358.06 3,173,669.86 64 3 2,589,029.52 2,330,126.52 51,780.60 310,683.60 2,278,345.92 44 ( ) 1,948,262.00 1,603,209.54 48,706.56 393,759.02 1,554,502.98 31.9 5,202,132.99 5,147,083.95 5,050,748.13 96,335.82 151,384.86 1,850,000.00 1,746,105.05 1,722,644.90 23,460.15 127,355.10 5,230,748.13 5,230,748.13 69,722.18 69,722.18 5,161,025.95 30.25 ( ) 3,000,000.00 1,299,999.66 200,000.04 1,900,000.38 1,099,999.62 5.5 0.25% 2,000,000.00 1,600,000.00 200,000.00 600,000.00 1,400,000.00 7 720,813.00 619,898.85 14,416.32 115,330.47 605,482.53 42 1,000,000.00 600,000.00 100,000.00 500,000.00 500,000.00 5 3% 120,000.00 71,076.16 23,692.08 72,615.92 47,384.08 2 19,327.60 10,307.96 3,964.60 12,984.24 6,343.36 1.6 264,762.40 105,397.32 29,348.83 188,713.91 76,048.49 2 0.6% 100,000.00 74,999.95 20,000.04 45,000.09 54,999.91 2.75 28,790,571.94 19,566,331.08 5,230,748.13 6,773,393.03 956,516.02 4,950,008.75 17,067,170.16 : 5,050,748.13 1,722,644.90 13 266,836.45 () () () () () () () 1,871,767.48 249,637.12 101,888.28 1,724,018.64 147,748.84 17,527,036.21 14,257,664.21 13,686,226.21 571,438.00 3,840,810.00 53

2003 191,073.88 71,986.27 119,087.61 19,398,803.69 14,698,375.21 13,686,226.21 745,312.55 5,564,828.64 266,836.45 1 2001 2 13,686,226.21 3 1999 14 191,650,035.70 () () 61,650,035.70 18,266,232.85 25,000,000.00 30,000,000.00 105,000,000.00 127,660,515.06 191,650,035.70 175,926,747.91 (1) 2,500 9,500 1,000 (2) 7,448,625.14 1:8.2767 61,650,035.70 15 16,150,000.00 () () 16,150,000.00 107,372,900.00 16,150,000.00 107,372,900.00 84.96% 54

2003 16 94,985,756.40 1 94,985,756.40 65,905,181.52 5%(5%) 2 44.12% 17 4,508,501.13 4,508,501.13 16,779,387.43 (1) 5% 5% (2) 73.13% 18 4,975,453.93 4,074,002.49 901,451.44 391,950.96 4,975,453.93 391,950.96 1 4,074,002.49 2 901,451.44 3 21 19-7,866,914.04 55

2003 (%) 17-12,419,492.09-18,851,106.07 5 38,482.72 19,309.05 1-7 127,373.82 61,092.89 33 3,579,345.72 13,587.94 93,274.17 27,959.55 396,478.58 225,557.03 110,657.45 47,788.04 206,965.59-7,866,914.04-18,455,811.57 (1) (2) 10,588,897.53 20 1,858,780.22 54,588.76 26,182.65 3% 180,690.60 86,626.02 1 ( ) 315.00 1,623,185.86 1,858,780.22 2,730.00 1,623,185.86 1,738,724.53 21 24,252,833.29 56 24,252,833.29

2003 21,706,687.05 5%(5%) 22 697,960.99 23 70,000,000.00 // % 10,000,000.00 2002/03/07-2004/03/06 5.49 20,000,000.00 2002/09/28-2004/09/27 5.49 30,000,000.00 2002/03/12-2004/03/12 5.49 10,000,000.00 2002/06/10-2004/06/10 5.49 70,000,000.00 3,000 4,000 24 105,641,931.12 // % 15,641,931.12 14,111,644.49 1995/12/19-2015/12/18 4.50 1,513,008.05 1:10.3383 20,000,000.00 20,000,000.00 2002/10/24-2005/04/17 5.49 20,000,000.00 20,000,000.00 2002/10/24-2005/05/24 5.49 30,000,000.00 30,000,000.00 2002/11/29-2005/11/29 5.49 20,000,000.00 2003/06/05-2006/05/25 5.49 10,000,000.00 2002/03/07-2004/03/06 5.49 20,000,000.00 2002/09/28-2004/09/27 5.49 30,000,000.00 2002/03/12-2004/03/12 5.49 57

2003 10,000,000.00 2002/06/10-2004/06/10 5.49 105,641,931.12 154,111,644.49 (1) 7,000 ; (2) 4,000 5,000 25 239,588,758.00 () () (+,-) 1 : 95,392,100.00 95,392,100.00 1,000,000.00 1,000,000.00 94,392,100.00 94,392,100.00 2 3 95,392,100.00 95,392,100.00 1 144,196,658.00 144,196,658.00 144,196,658.00 144,196,658.00 239,588,758.00 239,588,758.00 26 202,459,617.66 () () () () 201,276,618.61 201,276,618.61 511,547.72 670,528.18 1,182,075.90 923.15 923.15 201,789,089.48 670,528.18 202,459,617.66 670,528.18 10% 58

2003 27 41,132,441.55 () () () () 24,318,898.98 2,855,063.58 27,173,962.56 12,159,449.50 1,427,531.79 13,586,981.29 371,497.70 371,497.70 36,849,846.18 4,282,595.37 41,132,441.55 28 59,766,118.69 % 47,477,516.15 29,096,814.87 16,808,212.33 10 2,855,063.58 5 1,427,531.79 546,179.06 11,979,437.90 59,766,118.69 2004 3 24 2003 12 31 239,588,758 10 0.50 11,979,437.90 29 (1) 59

2003 281,984,665.05 306,441,240.49 217,561,151.15 240,638,361.49 64,423,513.90 65,802,879.00 564,059,528.32 666,210,497.76 529,634,980.10 630,585,861.06 34,424,548.22 35,624,636.70 2,478,540.50 2,132,402.91 346,137.59 8,685,643.37 4,409,737.48 8,685,643.37 4,409,737.48 854,729,836.74 979,540,016.23 747,196,131.25 873,356,625.46 107,533,705.49 106,183,390.77-131,321,205.75-276,679,569.29-131,321,205.75-276,679,569.29 723,408,630.99 702,860,446.94 615,874,925.50 596,677,056.17 107,533,705.49 106,183,390.77 (2) 369,028,457.32 460,503,662.57 314,236,278.88 402,383,819.30 54,792,178.44 58,119,843.27 124,969,443.86 218,936,228.05 94,868,764.83 194,474,164.07 30,100,679.03 24,462,063.98 342,619,026.34 280,083,444.80 323,066,153.92 259,839,676.62 19,552,872.42 20,243,768.18 18,112,909.22 20,016,680.81 15,024,933.62 16,658,965.47 3,087,975.60 3,357,715.34 854,729,836.74 979,540,016.23 747,196,131.25 873,356,625.46 107,533,705.49 106,183,390.77-131,321,205.75-276,679,569.29-131,321,205.75-276,679,569.29 723,408,630.99 702,860,446.94 615,874,925.50 596,677,056.17 107,533,705.49 106,183,390.77 18,981.04 26.24% 30 2003 2002 60

2003 434,282.17 414,357.87 5% 725,533.89 921,796.18 7% 310,943.09 395,055.51 3% 1,470,759.15 1,731,209.56 31 2003 2002 1,292,013.91 1,965,971.89 2,138,300.97 3,901,106.48 982,867.20 1,575,028.40 992,189.68 569,996.51 150,000.00 723,540.00 662,190.00 13,244.09 370,351.57 846,287.06 1,935,134.59 756,286.20 1,562,354.40 227,782.96 71,001.81 70,329.41 18,999.05 74,667.82 34.28% 32 2003 2002 19,625,410.62 16,689,868.36 1,550,984.39 1,785,825.10 61

2003 2,679,769.91 2,317,964.89 54,343.84 140,316.05 367,046.97 665,964.93 21,066,899.27 17,747,657.03 18.70%, 33 15,235,031.45 2003 2002 () () () () () () 41,973.75-3,083,911.59 95,325.75-266,099.91 178,923.76 1,103,994.62 240,945.97 16,994,050.91 41,973.75-2,904,987.83 18,098,045.53 95,325.75-25,153.94 1 50%, 32,500,000.00 15,505,949.09-1,103,994.62 (2) 41,973.75 ( ) -90,452.89 906,148.12 115,798.81-4,385,998.20 2003 8-12 284,218.69 86,373.88 (3) 34 655,979.55 () () 385,986.21 142,353.12 62

2003 269,993.34 334,186.39 655,979.55 476,539.51 35 2,252,029.27 () () 1,369,071.19 80,046.89 125,365.00 40,815.00 119,990.60 637,602.48 641,193.30 2,252,029.27 762,055.19 1,369,071.19 36 15,092,212.70 11,407,083.10 32.31% 37 15,138,388.15 7,728,101.62 2,420,724.05 1,987,454.40 38 56,599,340.00 63

2003 39 757,232.95 2003 7 31 1 42,909,708.04 % % () 1 11,806,742.52 26.14 590,337.13 41,837,356.10 66.59 2,091,867.81 1-2 13,221,661.61 29.27 661,083.08 9,098,164.37 14.48 454,908.22 2-3 8,638,583.34 19.13 431,929.17 10,388,902.28 16.53 519,445.11 3 11,501,126.26 25.46 575,056.31 1,507,802.48 2.40 75,390.12 45,168,113.73 100 2,258,405.69 62,832,225.23 100 3,141,611.26 42,909,708.04 59,690,613.97 (1) 15,487,924.73 34.29% (2) 5%(5%) 2 185,852,811.71 % % () 1 159,458,928.84 85.17 320,187.52 108,007,764.24 90.17 429,581.36 1-2 22,715,384.61 12.13 797,063.18 11,383,399.70 9.50 569,169.99 64

2003 2-3 4,725,925.54 2.52 236,296.28 391,924.36 0.33 19,596.22 3 322,231.26 0.18 16,111.56 187,222,470.25 100 1,369,658.54 119,783,088.30 100 1,018,347.57 185,852,811.71 118,764,740.73 1 56.30% 2 6,200,298.07 3.31% 3 158,459,640.91 4 5%(5%) 3 249,201,727.56 268,297,994.71 29,644,836.83 48,741,103.98 249,201,727.56 268,297,994.71 29,644,836.83 48,741,103.98 249,201,727.56 A 29,644,836.83 1 2003 5 10% 2,670,528.18 85% 2 2003 7 2 200 190 95 3 2003 8 7 800 720 90 4 17,874,308.65 B 48,741,103.98 1 10,477,967.34 2 6,092,590.08 65

2003 3 405,769.86 4 1,346,774.36 5 4,127,832.78 6 3,445,090.72 7 8,622,048.13 8 50%, 15,505,949.09 C 2003 7 28 50% -1,103,994.62-178,923.76 4 (1) 2002 8,087,511.42 75,299,707.52 5,945,476.86 67,979,345.00 2,142,034.56 7,320,362.52 142,114,012.38 223,889,664.53 126,809,531.42 211,369,135.56 15,304,480.96 12,520,528.97 2,478,540.50 2,132,402.91 346,137.59 8,685,643.37 4,409,737.48 8,685,643.37 4,409,737.48 158,887,167.17 306,077,650.03 132,755,008.28 281,480,883.47 26,132,158.89 24,596,766.56-39,749,054.17-39,749,054.17 158,887,167.17 266,328,595.86 132,755,008.28 241,731,829.30 26,132,158.89 24,596,766.56 (2) 66

2003 123,437,098.32 214,288,346.25 103,552,955.33 194,007,301.20 19,884,142.99 20,281,045.05 16,175,631.85 81,274,378.51 13,897,298.95 77,722,179.43 2,278,332.90 3,552,199.08 19,274,437.00 10,514,925.27 15,304,754.00 9,751,402.84 3,969,683.00 763,522.43 158,887,167.17 306,077,650.03 132,755,008.28 281,480,883.47 26,132,158.89 24,596,766.56-39,749,054.17-39,749,054.17 158,887,167.17 266,328,595.86 132,755,008.28 241,731,829.30 26,132,158.89 24,596,766.56 (1) 40.34% 45.08% (2) 4,002.99 25.19% 5 36,193,251.69 () () () () () () 41,973.75 17,874,308.65 95,325.75 24,683,221.22 178,923.76 1,103,994.62 240,945.97 16,994,050.91 41,973.75 18,053,232.41 18,098,045.53 95,325.75 24,924,167.19 1 ( ) 5800, 2500 67

2003, 200 ( ),500,, 2500 500,100 500 500 1000 1500 1300 200 800 ( ) 28 2 68 5800 5800 2500 2500 200 200

2003 500 500 2500 2500 500 500 100 100 500 500 500 500 1000 1000 1500 1500 1300 1300 200 200 800 800 ( )28 28 3 % % 2958 51 2958 51 1840.11 75 200.00 2040.11 85 137.8 68.90 137.8 68.90 500 100 500 100 1000 40 1000 40 400 80 400 80 100 100 100 100 450 90 450 90 470 94 470 94 1000 100 1000 100 69

2003 1500 100 1500 100 663 51 663 51 200.00 200.00 100 800.00 800.00 100 ( ) 232.1595 100 232.1595 100 4 5 (1) (2) a () () 97,309,642.72 47,251,123.86 70

2003 b () () 263,072.92 6 (1) () () 9,186,737.97 (2) () () 5,161,700.16 2004 3 24 2003 2003 12 31 239,588,758 10 0.50 ( ) 10 2 2003 11,979,437.90 11,979,437.90 71

2003 2003 7 28 2003 7 30 50% 100% 50% 72

2003 OO 73