HUNAN VALIIN STEEL TUBE&WIIRE CO..,,LTD 2003

2003...2...3...5...6...7...11...13...43

2003-2 -

2003 1 Hunan Valin Steel Tube & Wire Co. Ltd 2 000932 3 269 20 269 20 http://www.valin.com.cn E-mail hlgx@chinavalin.com 410011 4 5 0731-2245196 0731-4447112 E-mail wangjun@chinavalin.com 0731-2565960 E-mail 0731-4447112 liminzhi@chinavalin.com 6 http://www.cninfo.com.cn - 3 -

2003 5,719,058,696.29 4,815,488,170.66 373,558,385.89 259,012,687.15 376,562,590.26 261,425,321.98 / 0.2116 0.1467 / 0.2116 0.1555 ( ) / 0.2136 0.1454 ( ) / 0.2136 0.1541 % 6.96% 5.29 % 7.21% 6.13 % 7.28% 6.07 709,506,250.57 390,252,479.69 / 0.4019 0.2211 3,362,643,691.44 2,764,442,318.37 2,574,986,199.20 2,098,209,274.74 10,835,187,394.84 9,227,717,941.32 5,365,702,852.44 4,991,506,002.05 / 3.04 2.83 / 2.97 2.74 3,004,204.37 67,102.00 547,837.34-52,572.46 6,076,000.00, -95,626.74-1,379,431.52-2,159,104.25, 3,004,204.37-4 -

2003 185543 2003 6 30 % 1 1,312,500,000 74.35 2 3,761,495 3,761,495 0.21 3 3,368,443 4 2,943,738 5 2,600,892 1,949,916 2,943,738 2,600,892 0.19 0.17 0.15 6 2,500,000 0.14 7 2,099,895 2,099,895 0.12 8 1,530,688-487,600 0.09 9 1,314,000 1,314,000 0.07 10 1,233,000 1,233,000 0.07 1 2 3 4 1,312,500,000 1,765,375,000 74.35%, 309,789,000 1,765,375,000 17.55% 2002 6 27 2005 7 31-5 -

2003 2003 4 17, 4 18 2003 2003 5 21-6 -

2003 2003 2003 242.8 220.2 8939 5.4% 1.6% 86% 57.19 3.74 18.77% 44.40 % 19.82, 105% % % % % 178,129.93 153,941.07 13.58 30.04 25.64 28.72 236,293.81 191,739.84 18.86 14.33 6.17 49.45 64,831.89 53,119.32 18.07-12.04-14.23 13.15 22,963.32 19,640.05 14.47 102.98 91.86 52.00 1,693.33 1,471.47 13.1 80.55 89.87-24.58 5,719,058,696.29 4,815,488,170.66 2,854,177,131.61 2,229,379,581.88 2,098,479,367.74 1,775,739,822.12 648,318,898.00 737,080,940.51 195,965,179.76 111,048,567.23 5,796,940,577.11 4,853,248,911.74 77,881,880.82 37,760,741.08 5,719,058,696.29 4,815,488,170.66-7 -

2003 :, 81.80% 8305.24 ( ) 1 ( ) 86,145 86,145 61% 2 7,756 7,756 100% 3 250 2,659 2,659 100% 4 3,000 3,000 100% 5 1,000 1,000 100% 6 4,950 4,950 84% 7 2,000 0 0 107,510 105,510-8 -

2003 1 86,145 ( ) 138,775 2004 2 7,756 13,256 7,756 13,020 6 40% 75% 30 3 2,659 250 6,859 2,659 2002 7 98 2003 42 4116 4116 4 3,000 3,000 2002 12 2003 3228 1456 241 5 1,000 3,678 1,000 8 6 30 600 6 4,950 ( ) 6066 5092 979.49 2003 5622 551 2003 7 2,000 2,000 1 ( - 9 -

2003 ) 1 4,200 1,849 1 13,500 3,266 2 100,000 60,108 1 89 1# 5,500 6,348 2 89 3,600 4,050 3 5,000 6,255 8184 1865 139,984 83,741 2 20020.87 125.47 104.53 20.94-10 -

2003 2002 2002 2002 1,765,375,000 10 1 2003 5 14 2002 2003 5 21 2003 5 22 2002 2002 20 1 2003 4 17 2003 4 18 2003 5 20 2003 =[ - 1+ 17% - 45 ] (1-5%) 2003 4 1 2003 5 21 15300 3 53742 11

2003 25040 4 1 2 5% 5% 12

2003 [1999]58 1999 4 [1999]75 1999 7 5 A 20,000 125,230 4300001003378 2000 5 1999 1999 125,230 10 2 0.50 10 0.5 156,537.50 2001 74 2002 3 20,000 176,537.5 1 2 1 1 12 31 3 4 13

2003 5 6 7 8 1 2 1 5% 1-2 15% 2-3 25% 3-4 35% 4-5 50% 5 100% 6% 9 14

2003, 10 20% 20% 20% 20% 20% 11 2000 15

2003 30% A B A B A B a b c 3 4 16

2003 % % 25-40 3-4 3.99-2.43 9-18 3-4 10.67-5.39 6-10 3-4 16-9.7 6-10 3-4 16-9.7 6-13 3-4 16-7.46 5 12 13 17

2003 (3) 14 10 (3) 15 1 1 1 2 3 4 18

2003 16 17 18 [1995]11 50% 50% 19 1 2002 2003 1 1 6% 6% 2 2003 1 1 5% 1-2 10% 2-3 15% 3-4 20% 4-5 25% 5 30% 100% 5% 1-2 15% 2-3 25% 3-4 35% 4-5 50% 5 100% 3 2003 39,660,341.52 1 19

2003 17% 3% 5% 2 (1) 33% (2) [2000] 01 1999 1 1 2003 12 31 15% 2000 1 1 2004 12 31 15% (3) [2001]272 15% 15% (4) 33% 5 [1999]290 3 75.00% 9,320 9,000 10,832 7,950 73.39% 1,500 1125 75.00% 146,413 63,949 43.68% 400 273 39.31% 106,145 86,14581.16% 20

2003 * 2000 12 7 ( ) 43.68% 31.62% 16.69% 8.01% 2000 12 1 ** 2003 4 10% 90%,. 1 93,264.27 147,833.83 1,571,262,349.92 1,127,669,718.23 56,741,983.94 59,947,284.05 1,628,097,598.13 1,187,764,836.11 * 44,033 37.07% 2 99 (8) 18,716,498.40 18,246,983.49 469,514.91 20 (4) 90,321,030.11 90,273,457.68 47,572.43 20 (10) 64,270,754.39 62,974,020.00 1,296,734.39 21 (3) 15,340,800.66 15,463,350.00 21 (10) 11,559,649.17 11,761,834.00 200,208,732.73 198,719,645.17 1,813,821.73 * 3 593,241,146.43 229,470,691.59-58,037,000.00 593,241,146.43 287,507,691.59 * 30,573.35 106.34% 21

2003 4 (%) % (%) % 1 224,934,711.21 58.37 11,246,735.55 5.00 217,338,809.13 52.65 10,866,940.48 5.00 1-2 28,250,563.10 7.33 4,237,584.47 15.00 23,320,587.01 5.65 2,332,058.72 10.00 2-3 9,092,724.65 2.36 2,273,181.16 25.00 15,127,410.61 3.66 2,269,111.60 15.00 3-4 17,685,771.55 4.59 6,190,020.04 35.00 22,994,073.23 5.57 4,598,814.64 20.00 4-5 47,254,407.25 12.26 23,627,203.64 50.00 57,538,104.84 13.94 14,384,526.21 25.00 5 58,140,589.27 15.09 58,140,589.27 100.00 76,465,905.84 18.52 22,939,771.75 30.00 385,358,767.03 100.00 105,715,314.13 412,784,890.66 100.00 57,391,223.40 * 5% 5% ** 59,231,989.17 15.37% 5 (%) (%) 1 28,464,315.46 99.83 1,707,858.92 37,050,766.04 96.52 1-2 47,244.97 0.17 2,834.70 391,776.03 1.02 23,506.56 2-3 - - 943,990.78 2.46 56,639.45 3 - - - - - 28,511,560.43 100.00 1,710,693.62 38,386,532.85 100.00 80,146.01 * 5% 5% ** 4,771,660.83 16.74% 6 (%) (%) 1 104,643,754.30 100.00% 86,898,504.58 100.00% 1-2 - - - - 2-3 - - - - 104,643,754.30 100.00% 86,898,504.58 100.00% * 1,774.52 ** 5% 5% 22

2003 7 201,549,058.62 0.00 157,583,886.53 0.00 84,858,256.82 0.00 128,279,816.43 0.00 89,522,220.72 0.00 135,898,257.27 0.00 1,913,462.33 0.00 5,677,807.87 0.00 5,824,534.50 0.00 7,594,334.50 0.00 135,845,082.41 0.00 141,815,337.76 0.00 2,495,185.93 0.00 6,431,825.93 0.00 428,454.15 0.00 28,273,603.96 0.00 522,436,255.48 0.00 611,554,870.25 0.00 8 458,000.00 8,927,706.39 9,385,706.39 9 1 15,660,416.39 17,439,847.91 2,000,000.00 0.09% 0 2,000,000.00-45,834,353.74 33,229,906.41 2,291,717.70 30,938,188.71 10-14,905,815.00-14,905,815.00-745,290.75-14,160,524.25 10-3,339,908.64-3,284,243.50-166,995.43-3,117,248.07 10 27,588,630.10 15,039,847.91 0.00 1,379,431.52 13,660,416.39 23

2003 10 2,179,988,521.41 3,017,085.57 1,222,856.00 2,181,782,750.98 4,452,453,519.32 195,938,142.86 14,453,019.67 4,633,938,642.51 292,830,191.61 1,211,390.51 66,634,008.84 227,407,573.28 50,731,000.95 2,890,097.98 357,000.00 53,264,098.93 57,091,522.70 127,787.18 522,156.31 56,697,153.57 7,033,094,755.99 203,184,504.10 83,189,040.82 7,153,090,219.27 477,228,679.25 43,425,730.35 641,995.13 520,896,166.38 1,293,726,776.40 260,737,605.14 5,600,785.32 1,548,863,596.22 163,038,099.63 17,828,941.22 58,578,481.54 122,288,558.75 23,627,836.57 6,227,289.72 511,902.11 29,343,224.18 18,931,313.43 3,492,950.69 218,886.44 21,321,626.33 1,976,552,705.28 331,712,517.12 65,552,050.54 2,242,713,171.86 5,056,542,050.71 4,910,377,047.41 138,708,770.70. 313,487.85 313,487.85 25,861,326.71 25,861,326.71 1,413,774.77 1,413,774.77 146,558.51 146,558.51 27,735,147.84 27,735,147.84 11 3,152,313.55 131,358,515.10 286,179,453.58 3,152,313.55 417,537,968.68 24

2003 12 25 132,560,000 71,806,655.22 58,390,574.62 130,197,229.84 0.00 0.00 100% 6,000,000 433,323.21 0.00 433,323.21 0.00 95% 13,000,000 10,584,360.80 4,695,078.65 15,279,439.45 0.00 99% 5,000,000 3,346,553.06 244,858.80 2,726,459.66 864,952.20 0.00 0.00 100% 7,800,000 2,835,853.28 1,627,945.00 4,463,798.28 0.00 90% 5,500,000 4,052,236.75 751,061.84 4,803,298.59 0.00 98% 2,550,000 1,355,066.71 30,988.40 1,047,499.41 338,555.70 0.00 98% 42,000,000 9,559,170.56 10,117,070.28 608,300.00 578,184.80 18,489,756.04 0.00 50% 900,000 430,095.35 430,095.35 0.00 75% 3,000,000 0.00 2,480,995.05 177,671.62 2,023,275.52 280,047.91 0.00 83% 218,310,000 104,403,314.94 0.00 78,338,572.64-134,757,160.53 0.00 3,466,412.52 0.00 44,518,314.53 0.00 0.00 15,000,000 5,441,989.29 7,079,836.63 12,521,825.92 90% 1# 13,000,000 7,111,920.07 1,527,665.79 8,639,585.86 90% 2# 5,000,000 4,553,927.20 2,290,464.06 6,844,391.26 95% 3# 14,500,000 8,691,652.46 2,294,581.20 10,986,233.66 95% 4# 5,500,000 4,330,081.93 2,693,869.18 7,023,951.11 95% 5# 8,000,000 6,139,919.67 403,294.49 6,543,214.16 95% 2# 5,000,000 4,730,369.97 1,976,786.69 6,707,156.66 95% 135,000,000 4,191,697.53 28,468,680.20 32,660,377.73 60% 300M3 1,000,000,000 399,556,229.82 202,621,686.14 602,177,915.96 60% 200,000 155,940.00 120,961.00 276,901.00 95%

2003 26 200,000 172,400.00 304,860.00 477,260.00 95% 700,000 630,893.00 0.00 630,893.00 95% 400,000 380,212.40 0.00 380,212.40 0.00 100% 1,400,000 2,223,778.03 0.00 2,223,778.03 0.00 100% 2,800,000 2,643,437.06 151,612.60 1,530,934.64 1,264,115.02 95% 1,400,000 1,215,503.06 180,004.87 199,960.00 1,195,547.93 90% 5# 6,000,000 7,137,867.07 7,137,867.07 95% 1# 3,000,000 2,835,225.09 2,835,225.09 85% 1,200,000 927,168.41 927,168.41 70% 1 3,500,000 489,160.00 489,160.00 30% 1,500,000 1,104,119.78 1,104,119.78 70% 3,000,000 1,098,896.96 1,098,896.96 40% 3,500,000 469,540.00 469,540.00 30% 40 / 8,420,000 3,780,539.64 3,780,539.64 30% 3,000,000 1,448,964.00 1,448,964.00 30% 6,000,000 2,291,906.00 2,291,906.00 40% 1,247,220,000 452,169,951.49 0.00 271,697,689.80 2,603,990.43 1,730,894.64 719,532,756.22 0.00 0.00 584,800,000 26,135,000.00 277,484,085.70 303,619,085.70 0.00 55%

2003 1,177,800,000 31,830,000.00 768,972,724.73 171,500,000 10,688,920.00 61,729,904.00 135,500,000 7,820,000.00 41,555,466.00 90,500,000 3,867,289.31 44,851,903.20 129,500,000 98,690,788.65 14,123,501.48 27 800,802,724.73 0.00 72,418,824.00 0.00 49,375,466.00 0.00 48,719,192.51 0.00 112,814,290.13 0.00 60% 60% 50% 50% 85% 2,289,600,000 179,031,997.96-1,208,717,585.11 - - - - - 1,387,749,583.07-0.00 100 3,500,000 1,771,318.93 102,453.20 1,873,772.13-0.00 100% 108 20,000,000 690,701.05 12,863,772.12 317,735.17 13,554,473.17 317,735.17 67.77% 4,150,000-406,000.00 406,000.00 0.00 100.00% 36,780,000 17,499,695.15 17,613,767.80 407,621.80 35,113,462.95 407,621.80 95.47% 2,500,000 1,136,459.74 1,136,459.74-0.00 100% 76 200,000 7,860.00 7,860.00-0.00 100% 3# 20,000,000 4,329,499.41 4,329,499.41 0.00 21.65% 89 1 65,000,000 25,074,427.94 3,563,044.19 38,851,735.70 995,655.23 63,926,163.64 4,558,699.42 100% 33,000,000 31,256,783.62 2,452,286.41 1,418,793.32 32,675,576.94 2,452,286.41 99.02% 89 36,000,000 34,671,536.98 3,131,577.57 5,818,373.29 144,295.66 40,489,910.27 3,275,873.23 100%

2003 50,000,000 4,177,282.91 58,374,157.39 1,447,679.10 62,551,440.30 1,447,679.10, 100% 20,000,000 18,496,473.36 1,023,731.07 19,520,204.43 0.00 97.60% 291,130,000 139,112,039.09 9,146,908.17 136,472,783.89 3,312,986.96 1,144,319.74-1,873,772.13-272,566,731.11 12,459,895.13 0.00 100,000 6,300.00 48,000.00 54,300.00 0.00 0.00 100% 120,000 100,000.00 20,000.00 120,000.00 0.00 0.00 100% 220,000 106,300.00 68,000.00 174,300.00 0.00 0.00 0.00 49,500,000 8,621,653.16 2,516,027.24 11,137,680.40 0.00 84.00%. 100,000 5,636.36 5,636.36 0.00 5.64% 450,000 180,893.12 180,893.12 0.00 40.20% 30,000 9,500.00 13,000.00 22,500.00 0.00 75.00% 2,400,000 1,916,607.58 182,247.68 2,098,855.26 0.00 87.45% 8,000,000 2,237,617.30 3,585,770.17 27,440.00 29,000.00 990.00 5,793,397.47 (ERP ) 27,440.00 72.79% 15000T/ 81,840,000 18,652,132.74 18,652,132.74 0.00 22.79% 500,000 160,230.00 160,230.00 142,820,000 12,971,907.52 0.00 25,109,407.83 27,440.00 29,000.00 0.00 990.00 0.00 38,051,325.35 27,440.00 4,189,300,000 887,795,511.00 9,146,908.17 1,720,404,039.27 3,340,426.96 138,708,770.70 0.00 7,072,069.29 0.00 2,462,418,710.28 12,487,335.13 0.00 32.05% 28

2003 13 12,811,902.02 317,735.17 2.40% 89 16,984,241.67 407,621.80 2.50% 89 38,741,448.64 995,655.23 2.49% 100 5,795,006.43 144,295.66 2.48% 58,374,157.26 1,447,679.10 2.48% 3,585,770.17 27,440.00 1.54% 136,292,526.17 3,340,426.96 14 1800KW 3,664,781.62 650 2# 1,174,386.13 39,604.23 4,839,167.75 39,604.23 15 30,277,117.00 70,194,723.03 757,606.56 3,053,735.02 69,437,116.47 45 8 16 39,370,000.00 24,935,333.45-1,968,499.98 16,403,166.53 22,966,833.47 5 10 16,875,800.89 5,448,974.36 2,716,324.80 14,143,151.33 7,741,678.67 1 6 15,483,418.00 10,322,278.67 2,580,600.00 7,741,739.33 2,732,649.56 6 754,478.75 754,478.75 198,438.95-952,917.70 72,483,697.64 41,461,065.23 198,438.95 7,265,424.78 38,288,057.19 34,394,079.40 17 915,431,300.00 447,741,300.00 915,431,300.00 447,741,300.00 * 46,769 104.46%, 18 243,836,758.00 138,447,800.00 * 10,539 76.12%, 29

2003 19 255,381,528.51 196,034,710.60 * 5% 5% 20 561,470,094.23 661,556,997.99 * 5% 5% 21 131,537,500.00 176,537,500.00 * 2002 2002 2002 10 1.00, 176,537,500 45,000,000. 22 97,548,687.78 70,743,764.28 17% 70,692.49-63,969.09 5% 4,807,598.33 866,909.93 7% 1,163,743.74 940,449.56 12% 1.2% 50,320,112.89 16,876,199.26 320.00 320.00 8,088,145.75 330,886.63 202,603.78 21,098.70 189,733.24 489,733.24 162,391,638.00 90,205,392.51 * 2002 801 23 4,115,213.61 5% 3% 4,115,213.61 24 98,927,071.59 103,904,972.22 * 5% 5% 30

2003 25 52,066,517.51 52,000,000.00 5,734,682.06 1,412,589.04 228,193.11 111,441,981.72 26 137,000,000.00 137,000,000.00 1,225,000,000.00 804,554,400.00 33,108,800.00 271,389,762.85 1,666,498,562.85 941,554,400.00 * 72,494 76.99% ** 4,000,000 8.2772 33,108,800 29,421,209.19 9.2242 271,389,762.85 27 + - 1 131,537.50 131,537.50 131,537.50 131,537.50 2 3 4 131,537.50 131,537.50 1 45,000.00 45,000.00 2 3 4 31

2003 45,000.00 45,000.00 176,537.50 176,537.50 28 2,191,136,025.01 2,191,136,025.01 199,959.02 638,464.50 838,423.52 2,191,335,984.03 2,191,974,448.53 * 29 178,950,513.54 178,950,513.54 168,090,250.70 168,090,250.70 347,040,764.24 0.00-347,040,764.24 30 687,754,253.78 687,754,253.78 373,558,385.89 1,061,312,639.67 31 5,719,058,696.29 4,815,488,170.66 * 90,357 18.76% ** 115,476 20.19% 32

5,719,058,696.29 4,815,488,170.66 2,854,177,131.61 2,229,379,581.88 2,098,479,367.74 1,775,739,822.12 648,318,898.00 737,080,940.51 195,965,179.76 111,048,567.23 5,796,940,577.11 4,853,248,911.74 77,881,880.82 37,760,741.08 5,719,058,696.29 4,815,488,170.66 5,600,975,397.35 4,742,200,344.51 195,965,179.76 111,048,567.23 5,796,940,577.11 4,853,248,911.74 77,881,880.82 37,760,741.08 5,719,058,696.29 4,815,488,170.66 32 4,854,689,734.13 4,214,120,822.93 2003 * 64,057 15.20 % 4,854,689,734.13 4,214,120,822.93 2,429,948,486.74 1,980,188,573.64 1,789,487,444.43 1,550,591,551.37 531,193,156.04 619,332,635.35 181,942,527.74 101,768,803.65 4,932,571,614.95 4,251,881,564.01 77,881,880.82 37,760,741.08 4,854,689,734.13 4,214,120,822.93 4,750,629,087.21 4,150,112,760.36 181,942,527.74 101,768,803.65 4,932,571,614.95 4,251,881,564.01 77,881,880.82 37,760,741.08 4,854,689,734.13 4,214,120,822.93 33

2003 33 7% 15,247,269.99 3% 6,286,778.66 5% 412,942.47 21,946,991.12 34 47,586,950.52 61,568,291.02 5,879,561.28 5,935,577.89-3.70-131,325.54 419,445.72 2,416,001.54 495,574.73 44,542,832.80 55,996,962.32 35 1,254,763.82-1,379,431.52-2,291,717.70-124,667.70-2,291,717.70 * : 125.47. 36 24,445,996.96 22,627,878.99 86,855,038.37 8,549,357.68 13,751,987.35 11,793,535.25 34

2003 1 (%) % (%) % 1 14,241,679.37 9.61 712,083.96 5.00 20,230,576.52 11.22 1,011,528.84 5.00 1-2 7,359,079.32 4.96 1,103,861.90 15.00 982,017.78 0.54 98,201.80 10.00 2-3 7,045,549.44 4.75 1,761,387.36 25.00 7,861,077.04 4.36 1,179,161.56 15.00 3-4 14,750,147.24 9.95 5,162,551.53 35.00 19,251,398.27 10.67 3,850,279.65 20.00 4-5 46,700,116.58 31.51 23,350,058.30 50.00 55,623,502.72 30.84 13,905,875.68 25.00 5 58,130,376.00 39.22 58,130,376.00 100.00 76,429,168.16 42.37 22,928,750.45 30.00 148,226,947.95 100.00 90,220,319.05 180,377,740.49 100.00 42,973,797.98 * 5% 5% ** 41,252,995.91 27.83% *** 32,150,792.54. 2 (%) (%) 1 40,714,409.63 99.85 2,442,864.58 42,588,712.70 99.08 1-2 47,244.97 0.15 2,834.70 391,776.03 0.91 23506.56 2-3 5,052.00 0.01 303.12 3 40,761,654.60 100.00 2,445,699.28 42,985,540.73 100.00 23,809.68 * 5% 5% ** 4,771,660.83 15.41 % 3 1,967,245,480.13 85,999,966.56 11,212,587.92 2,042,032,858.77 * ** 11,212,587.90 1,379,431.52 9,833,156.40 35

2003 2,000,000.00 0.09% 2,000,000.00 90,000,000.00 75.00% 62,289,306.00 290,256,901.72 334,422,547.98 626,359,903.36 43.68% 4,381,147.92 29,799,893.74 656,159,797.10 63,934,125.52 75.00% 5,506,873.86 14,208,888.91 78,143,014.43 79,500,000.00 73.39% 3,989,482.38 16,697,082.87 96,197,082.87 861,450,000.00 81.16% 861,450,000.00 1,723,244,028.88 - - 76,166,810.16 350,962,767.24 2,028,372,442.38 45,834,353.74 33,229,906.41 2,291,717.70 14,896,165.03 30,938,188.71 10-14,905,815.00-745,290.75-745,290.75-14,160,524.25 10-3,339,908.64-166,995.43-222,660.57-3,117,248.07 10 27,588,630.10 33,229,906.41 1,379,431.52 13,928,213.71 13,660,416.39 4 4,766,585,696.23 4,164,324,854.12 2,668,106,328.49 2,110,657,807.83 2,098,479,367.74 1,775,739,822.12 315,687,965.25 4,766,585,696.23 4,202,085,595.20 37,760,741.08 4,766,585,696.23 4,164,324,854.12 36

2003 4,766,585,696.23 4,202,085,595.20 4,766,585,696.23 4,202,085,595.20 37,760,741.08 4,766,585,696.23 4,164,324,854.12 5. 4,134,954,257.40 3,706,176,422.54 2,345,466,812.97 1,920,385,906.83 1,789,487,444.43 1,550,591,551.37 272,959,705.42 4,134,954,257.40 3,743,937,163.62 37,760,741.08 4,134,954,257.40 3,706,176,422.54 4,134,954,257.40 3,743,937,163.62 4,134,954,257.40 3,743,937,163.62 37,760,741.08 4,134,954,257.40 3,706,176,422.54 6 1,254,763.82 85,999,966.56 42,329,338.00-1,379,431.52-2,291,717.70 0.00 0.00 85,875,298.86 40,037,620.30 37

2003 1 269 22 269 10 10 10 2 200,000.00 0 0 200,000.00 10,832.00 0 0 10,832.00 146,413.00 0 0 146,413.00 106,145.00 0 0 106,145.00 9,320.00 0 0 9,320.00 1,500 0 0 1,500 400 0 0 400 38

2003 3 (%) (%) (%) (%) 131,250.00 74.35 131,250.00 74.35 6,990.00 75.00 6,990.00 75.00 7,950.00 73.39 7,950.00 73.39 40.00 4.37 233.00 34.94 273.00 39.31 63,949.00 43.68 63,949.00 43.68 86,145.00 81.16 86,145.00 81.16 1125 75 1125 75 4 1 ( ) (1) 39

2003 2 3 (4) 1,443,963,994.78 100.00% 1,254,442,461.00 58.71% 55,845,111.97 49.38% 56,660,725.01 59.36% 10,523,065.20 56.93% 9,543,224.03 65.85% 478,143,804.57 504,657,889.96 1,988,475,976.52 1,825,304,300.00 882,140,451.60 41.29% 51,974,801.66 45.97% 36,050,842.49 37.77% 152,644,040.54 100.00% 141,939,971.40 95.89% 522,010,513.16 100.00% 0.00 7,960,045.20 43.07% 4,949,950.46 34.15% 760,967,613.51 433,760,176.65 1,495,557,014.07 1,498,841,392.60 124,596.09 0.11% 106,483.43 0.11% 118,005.03 1,460,094.32 242,601.12 1,566,577.75 5,127,898.07 4.54% 2,637,025.20 2.76% TP2 41,398,224.71 34.43% 27,032,160.00 63.00% 2,180,703.40 1,874,027.31 48,706,826.18 31,543,212.51 21,004,540.26 20.53% 21,004,540.26 0.00 2 (1) 3,553,986,958.15 3,357,255,482.86 0.00, 17% 40

2003 40 / 2 (3) 3,950,728.93 0.22% 692,049.99 0.05% 46,010,799.36 2.58% 23,968,804.77 1.75% 408,239.54 279,570.44 265,410,651.51 112,965,695.64 8.25% 14.90% 311,829,690.41 137,214,070.85 69,935,915.21 3.93% 16,542,273.66 1.21% 433,939,039.62 100.00% 351,140,694.04 100.00% 8,210,397.70 100.00% 91,042,235.65 71,929,740.11 533,191,672.97 423,070,434.15 16,618,429.42 14.69% 552,908.36 0.24% TP2 5,812,610.53 4.00% TP2 2,530,437.14 16.00% 1,471,605.10 5.00% 406,912.25 10,640.89 7,691,127.88 2,541,078.03 TP2 9,878,664.96 8.00% 144,485.42 1.00% TP2 4,746,875.22 100% 15,470,452.13 26,659,144.13 95.00% 9,251,610.03 207,946.22 58,707.80 41,637,115.95 24,780,769.96 90.00% 100.00% 898,853,244.50 604,916,832.40 3 2,650,250.06 3,009,508.96 85,803.10 41

2003 4,406,830.66 8,476,654.06 5,144,506.84 3,058,858.64 186.52 11,599,913.93 15,181,213.97 60,333,911.60 4 82,878.82 79,210.88 946.52 8,396.85 25,040 35,000 1,995.6 18,742.12 5 1 2 103.74 10 1.22 / 126.56 3 22941.36 3 2002 9 28 2005 9 28 14 10 1.22 / 17.08 / 2002 2006 1 1 3.5 79 3 42

2003 2003 2003 6 30 1,666.19 4 1% 268 5 3,960 2003 6 30 00 43

2003 2003 6 30 01 : : 5-1 1,628,097,598.13 1,160,246,612.29 1,187,764,836.11 921,899,732.60 5-2 198,394,911.00 198,394,911.00 197,016,361.74 197,016,361.74 5-3 593,241,146.43 520,945,684.64 287,507,691.59 177,924,047.10 - - 0.00 0.00 - - 0.00 0.00 5-4 279,643,452.90 58,006,628.90 355,393,667.26 137,403,942.51 5-5 26,800,866.81 38,315,955.32 38,306,386.84 42,961,731.05 5-6 104,643,754.30 6,041.36 86,898,504.58 0.00 - - 0.00 0.00 5-7 522,436,255.48 214,342,722.99 611,554,870.25 301,139,697.07 5-8 9,385,706.39-0.00 0.00 - - 0.00 0.00 - - 0.00 0.00 3,362,643,691.44 2,190,258,556.50 2,764,442,318.37 1,778,345,512.07 : - - 5-8 15,660,416.39 2,042,032,858.77 17,439,847.91 1,967,245,480.13 5-8 - - 0.00 0.00 15,660,416.39 2,042,032,858.77 17,439,847.91 1,967,245,480.13 : 5-8 13,660,416.39-15,039,847.91 0.00 : - - 5-9 7,153,090,219.27 3,875,903,898.79 7,033,094,755.99 3,759,740,684.17 : 5-9 2,242,713,171.86 1,371,313,617.68 1,976,552,705.28 1,196,522,705.43 4,910,377,047.41 2,504,590,281.11 5,056,542,050.71 2,563,217,978.74 5-9 27,735,147.84 26,794,968.34 27,735,147.84 26,794,968.34 4,882,641,899.57 2,477,795,312.77 5,028,806,902.87 2,536,423,010.40 5-10 3,152,313.55-417,537,968.68 0.00 5-11 2,462,418,710.28 760,522,308.72 887,795,511.00 552,665,390.16 5-12 4,839,167.75 4,839,167.75 39,604.23 0.00 7,353,052,091.15 3,243,156,789.24 6,334,179,986.78 3,089,088,400.56 : - - 5-13 69,437,116.47-70,194,723.03 0.00 5-14 34,394,079.40 30,582,828.23 41,461,065.23 37,603,253.03 - - 0.00 0.00 103,831,195.87 30,582,828.23 111,655,788.26 37,603,253.03 : - - - - 0.00 0.00 10,835,187,394.85 7,506,031,032.74 9,227,717,941.32 6,872,282,645.79 44

2003 2003 6 30 01 : : - - : - - 5-15 915,431,300.00 490,000,000.00 447,741,300.00 90,000,000.00 5-16 243,836,758.00-138,447,800.00 0.00 5-17 255,381,528.51 50,010,726.07 196,034,710.60 45,218,775.25 5-18 561,470,094.23 521,805,558.39 661,556,997.99 578,237,224.13 6,397,722.04 2,697,520.24 3,199,507.47 749,655.43 84,055,391.50 66,481,832.19 73,795,052.58 57,699,632.50 5-19 131,537,500.00 131,537,500.00 176,537,500.00 176,537,500.00 5-20 162,391,638.00 111,409,971.37 90,205,392.51 37,379,092.39 5-21 4,115,213.61 3,302,098.26 3,231,641.37 2,656,919.49 5-22 98,927,071.59 347,977,743.56 103,904,972.22 606,802,844.55 5-23 111,441,981.72 104,066,517.51 0.00 0.00 - - 0.00 0.00 - - 203,554,400.00 0.00 - - 0.00 0.00 2,574,986,199.20 1,829,289,467.59 2,098,209,274.74 1,595,281,643.74 : - - 5-24 1,666,498,562.85 307,000,000.00 941,554,400.00 277,000,000.00 - - 0.00 0.00 - - 0.00 0.00 8,495,000.00 8,495,000.00 8,495,000.00 8,495,000.00 - - 0.00 0.00 1,674,993,562.85 315,495,000.00 950,049,400.00 285,495,000.00 : - - 0.00 0.00 - - 0.00 0.00 4,249,979,762.05 2,144,784,467.59 3,048,258,674.74 1,880,776,643.74 1,219,504,780.36-1,187,953,264.53 0.00 - - : - - 5-25 1,765,375,000.00 1,765,375,000.00 1,765,375,000.00 1,765,375,000.00 - - 0.00 0.00 1,765,375,000.00 1,765,375,000.00 1,765,375,000.00 1,765,375,000.00 5-26 2,191,974,448.53 2,191,974,448.53 2,191,335,984.03 2,191,335,984.03 5-27 347,040,764.24 299,274,962.54 347,040,764.24 299,274,962.54 : 168,090,250.70 144,207,349.85 168,090,250.70 144,207,349.85 5-28 1,061,312,639.67 1,104,622,154.08 687,754,253.78 735,520,055.48 - - 0.00 0.00 - - 0.00 0.00 5,365,702,852.44 5,361,246,565.15 4,991,506,002.05 4,991,506,002.05 10,835,187,394.85 7,506,031,032.74 9,227,717,941.32 6,872,282,645.79 45

2003 2003 6 30 01 57,471,369.41 49,756,904.39 0.00 107,228,273.80 57,391,223.40 48,324,090.73 0.00 105,715,314.13 80,146.01 1,630,547.61 0.00 1,710,693.62 2,859,104.09 0.00 1,045,282.36 1,813,821.73 0.00 0.00 0.00 0.00 2,859,104.09 0.00 1,045,282.36 1,813,821.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27,735,147.84 0.00 0.00 27,735,147.84 313,487.85 0.00 0.00 313,487.85 25,861,326.71 0.00 0.00 25,861,326.71 1,413,774.77 0.00 0.00 1,413,774.77 146,558.51 0.00 0.00 146,558.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46

2003 01 2 1,765,375,000.00 1,565,375,000.00 200,000,000.00 200,000,000.00 1,765,375,000.00 1,765,375,000.00 0.00 2,191,335,984.03 1,315,953,536.14 638,464.50 875,382,447.89 875,382,447.89 638,464.50 2,191,974,448.53 2,191,335,984.03 0.00 347,040,764.24 112,978,993.97 347,040,764.24 112,978,993.97 347,040,764.24 112,978,993.97 168,090,250.70 102,118,731.13 168,090,250.70 102,118,731.13 0.00 687,754,253.78 461,598,488.67 373,558,385.89 259,012,687.15 1,061,312,639.67 720,611,175.82 47

2003 2003 6 02 5-29 5,719,058,696.29 4,766,585,696.23 4,815,488,170.66 4,164,324,854.12 5-30 4,854,689,734.13 4,134,954,257.40 4,214,120,822.93 3,706,176,422.54 5-31 21,946,991.12 20,070,082.70 14,330,397.30 14,162,122.71 842,421,971.04 611,561,356.13 587,036,950.43 443,986,308.87 4,626,820.73 1,376,935.92 1,642,030.68 1,698,577.78 57,515,282.59 29,052,079.83 36,673,492.93 12,114,308.42 221,661,374.60 190,041,020.59 115,299,014.11 95,107,295.28 5-32 44,542,832.80 13,129,773.89 55,996,962.32 32,824,266.99 523,329,301.78 380,715,417.74 380,709,511.75 305,639,015.96 5-33 -124,667.70 85,875,298.86-2,291,717.70 40,037,620.30 6,076,000.00 0.00 0.00 0.00 706,492.12 52,133.55 9,864,613.70 4,950,226.27 306,853.98 151,686.62 6,315,907.65 4,609,343.07 529,680,272.22 466,491,163.53 381,966,500.10 346,017,519.46 121,532,398.49 97,389,064.93 97,779,739.88 87,004,832.31 34,589,487.84 0.00 25,174,073.07 0.00 373,558,385.89 369,102,098.60 259,012,687.15 259,012,687.15 687,754,253.78 735,520,055.48 461,598,488.67 470,780,128.49 0.00 0.00 0.00 0.00 1,061,312,639.67 1,104,622,154.08 720,611,175.82 729,792,815.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,061,312,639.67 1,104,622,154.08 720,611,175.82 729,792,815.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,061,312,639.67 1,104,622,154.08 720,611,175.82 729,792,815.64 1 2 3 4-59,194,539.58 5 6 ( / ) ( / ) (%) (%) 15.70% 16.27% 0.4772 0.4772 9.75% 10.11% 0.2964 0.2964 6.96% 7.21% 0.2116 0.2116 7.03% 7.28% 0.2136 0.2136 48

2003 2003 6 03 6,532,937,094.42 5,450,760,018.33 6,076,000.00-24,445,996.96 54,976,563.56 6,563,459,091.38 5,505,736,581.89 5,193,612,231.06 4,629,892,886.01 220,540,530.44 157,579,203.27 352,945,040.94 257,591,770.72 86,855,038.37 63,375,744.53 5,853,952,840.81 5,108,439,604.53 709,506,250.57 397,296,977.36 - - 58,345,575.61 58,345,575.61 2,603,052.00 2,603,052.00 587,441.57 - - - 61,536,069.18 60,948,627.61 1,211,056,788.28 310,211,855.66 61,192,413.05 61,072,413.05 2,569,116.30-1,274,818,317.63 371,284,268.71-1,213,282,248.45-310,335,641.10 - - - 9,833,156.40 1,071,822,424.10 430,000,000.00 29,576,712.62 47,110,641.89 1,101,399,136.72 486,943,798.29 82,742,661.25 240,000,000.00 73,508,969.14 61,275,363.54 1,038,746.43 34,282,891.32 157,290,376.82 335,558,254.86 944,108,759.90 151,385,543.43 - - 440,332,762.02 238,346,879.69 49

2003 2003 6 03 - - 1. 373,558,385.89 369,102,098.60 34,589,487.84-51,494,358.57 51,723,480.96 274,749,805.97 182,705,808.84 757,606.56-7,265,424.78 7,020,424.80-9,385,706.39-111,441,981.72 104,066,517.51-534,869.11 44,655.26 39,604.23-44,542,832.80 13,129,773.89 ( ) 124,667.70-85,875,298.86 ( ) - - ( ) 89,118,614.77 86,796,974.08 ( ) -359,454,008.19-292,671,751.16 ( ) 91,198,063.43-38,745,706.56 - - 709,506,250.57 397,296,977.36 2.- - - - - - - - 3. - - 1,628,097,598.13 1,160,246,612.29 : 1,187,764,836.11 921,899,732.60 - - : - - 440,332,762.02 238,346,879.69 50