2003 1

1 3 4 6 8 11 14 15 24 26 27 62 2

1 YinChuan XinHua Department Store Co.,LTD XHDS 2 3 0951 4010058 0951 6022866 29 0951 6041983 4 29 29 750004 XHBH600785@163.com 5 http://www.sse.com.cn 3

6 600785 7 2001 11 14 6400001201328 640102227693286 24 57,203,658.40 41,725,573.04 42,001,145.95 235,856,888.20 14,573,638.87 50,507,259.43 11,758,162.34 33,000.00-5,094,763.37 141,767,032.46 75,304,547.17 4

42,001,145.95 1,137,488.54 33,000.00 4,914,681.60 6,931,857.11 2003 2002 : 2001 1,323,740,303.49 904,303,809.57 904,303,809.57 618,233,706.87 618,233,706.87 41,725,573.04 36,434,811.73 36,434,811.73 35,714,937.74 35,714,937.74 1,238,474,042.71 986,460,473.64 986,460,473.64 781,501,411.97 781,501,411.97 ( 523,238,961.58 479,796,766.61 492,143,866.61 454,981,951.06 454,981,951.06 ) 0.41 0.354 0.354 0.35 0.35 5.09 4.663 4.783 4.422 4.422 % 5.07 4.632 4.75 4.411 4.411 1.38 0.86 0.86 0.56 0.56 7.97% 7.59% 7.40% 7.85% 7.85% 0.41 0.36 0.36 0.344 0.344 % % / / 2003 2002 2003 2002 2003 2002 2003 2002 45.08 33.69 46.54 34.16 2.29 1.57 2.29 1.57 9.65 9.74 9.97 9.88 0.49 0.45 0.49 0.45 7.97 7.59 8.23 7.70 0.41 0.354 0.41 0.354 8.03 7.76 8.29 7.86 0.41 0.36 0.41 0.36 5

: 102,892,500.00 264,019,514.82 16,553,505.37 14,898,154.83 93,780,191.59 492,143,866.61 0 1,716,621.93 4,172,557.30 3,755,301.57 41,725,573.04 51,370,053.84 0 20,274,958.87 20,274,958.87 102,892,500.00 265,736,136.75 20,726,062.67 18,653,456.40 115,230,805.76 523,238,961.58-1.28,500,000 28,500,000 28,500,000 28,500,000 2. 9,750,000 9,750,000 3. 4. 38,250,000 38,250,000 1. 64,642,500 64,642,500 2. 3. 4. 64,642,500 64,642,500 102,892,500 102,892,500 6

1 2001 3 29 2000 2001 2001 76 2000 8,797.50 10 3 11.00 1,491.75 1,491.75 2001 10 16 2001 10 17 2001 11 2 15,915 2001 2077 1,491.75 2001 11 21 2 3 255 1997 7 8 20929 0 28,500,000 27.7 3,506,499 3.40 0 3,000,000 2.92-250,000 2,750,000 2.67 0 ( 2,250,000 2.19 ) 0 1,500,000 1.46 7

1,319,998 1.28 627,700 0.61-23,658 537,089 0.52-19,000 321,000 0.31, A B H 3,506,499 A 1,319,998 A 627,700 A 537,089 A 321,000 A 288,800 A 270,000 A 262,501 A 260,003 A 241,500 A 1 5 5 2,850 2,850 2 1952 2,850 3 10 8

9 56 2003 4 2006 4 7,605 7,605 39 2003 4 2006 4 5,070 5,070 47 2003 4 2006 4 5,070 5,070 54 2003 4 2006 4 0 39 2003 4 2006 4 0 57 2003 4 2006 4 0 52 2003 4 2006 4 0 50 2003 4 2006 4 0 42 2003 4 2006 4 0 33 2003 4 2006 4 2,535 2,535 45 2003 4 2006 4 0 45 2003 4 2006 4 0 53 2003 4 2006 4 2,535 2,535 37 2003 4 2006 4 0

54 2003 4 2006 4 0 46 2003 4 2006 4 0 29 2003 4 2006 4 0 0 1999 7 2001 1 2000 11 1993 8 1 2 73.4 50,000 60,000 1 60,000 100,000 3 100,000 160,000 3 38.59 24.40 1 5 3 10

2002 2003 4 16 2002 5 2003 4 16 2003 4 16 2003 12 31 706 71 20 502 113 89 59 266 5, 17 39 15 227 1 1997 1 3 11

1 2 3 4 5 2 2003 4 16 2002 12

3 1 2 3 4 4 13

2002 2003 3 11 2002 4 16 9 00 9 38,269,210 37.19% 1 2002 2 2002 3 2002 4 2002 5 2002 6 7 8 9 10 14

11 5,400 2003 4 17 ( ) 2003 132,374.03 46.38% 23,585.69 45.93% 4,172.56 14.52% 2 1 4,900 95.92% 15

2003 12 31 14,116.7 6,127.6 22,498 1,001.97 3,000 81.82% 3,544.79 2,989.30 494.40 5,975 92.05% 2003 9 + 13,952.79 5,646.08 4,542.34 2,202 90.82% 2003 5 3,200 5,163.16 2,370.40 6,910.77 142.56 13,500 60% 39,281.15 15,243.56 36,873.32 968.18 1,100 16

51% 8,480.30 1,456.48 21,932.98 242.86 (2) 1997 5 1,000 2.576 2003 12 31 157.66 3.90 4,698.94 2001 8 1,000 3.05 2003 12 31, 56,916, 31,261, 1,864 2001 12 2001 5,000 12,000 22,616.73 11,996.26 3 4.08% 3.21% 4 1 17

: 2 + + 5 1 2001 10 2001 2001 11 2 159,150,000 18

15,915 1,921 15,915 1,700 1,700 225.20 5,000 5,000 500 5,500 5,500 2.07 2,000 2,000 229.45 1,715 15,915 15,915 956.72 2001 3 2002 5 9 3,600 94.1% 225 5.9% 0 2002 4 7 5 10 1,715 19

3,500 3,500 3,500 2 5400 13,500 60% 2003 36,873.32 968.18 200 2003 12 31 1500 20% 1 : 2003 12 31 2002 12 31 + - 1,238,474,042.71 986,460,473.64 +252,013,569.07 67,205,254.74 111,604,833.68-44,399,578.94 523,238,961.58 479,796,766.61 +43,442,194.97 235,856,888.20 161,623,172.44 +74,233,715.76 41,725,573.04 36,434,811.73 +5,290,761.31 75,304,547.17-11,671,912.95 +86,976,460.12 2 30% 1-39.78% 2 +45.93% 3 745.18% 20

2003 1 2 3 4 5 1 1 2003 3 11 11 10 1 2002 2002 21

2002 2002 5,400 2002 2003 3 13 2 2003 4 16 9 9 8 1 2003 4 17 3 2003 4 23 9 9 8 1 2003 200 22

2003 4 24 4 2003 7 23 9 7 2 2003 7 24 5 2003 8 12 9:00 9 8 2003 2003 2003 8 14 6 2003 8 29 9 00 9 9 5.51% 2003 8 30 7 2003 10 20 9 00 9 6 3 2003 2 2002 2002 10,289.25 10 1.20 12,347,100 23

2003 41,725,573.04 4,172,557.30 3,755,301.57 93,780,191.59 127,577,905.76 2003 10 2.00 20,578,500.00 1 [2004] 214 2003 ( [2004] 2108 ) (2003)56 2 (2003)56 2003 24

2003 3 11 2 30 5 5 2002 5400 2003 4 16 9 5 4 1 2003 4 23 3 5 4 1 2003 200 2003 8 12 3 5 4 1 2003 2002 2003 25

1,000 5.51% 8539.88 252.29 2003 1 5400 2 200 3 4 1000 5 5.51% 4,200 6 900 1,000 26

8539.88 252.29 100 2003 4 16 2002 2002 10,289.25 10 1.20 2003 6 4 12 [2003] 2108 2003 12 31 2003 27

2003 12 31 2003 28

2003 1 1997 1 3 <1996>392 393 102,892,500.00 29 1997 1 3 6400001201328 10,289.50 1997 1 3 2007 1 3 2 2.1 2.2, 1 1 12 31 2.3 2.4 2.5 29

2.6 2.7 2.8 2.8.1 1, 2, 2.8.2 2.8.3 1 3% 2 6% 3 20% 4 30% 2.9 2.9.1 2.9.2 (1) 2 30

3 (4) 5 2.9.3 2.9.4 2.10 2.10.1 20% 20% 20% 20% 20% 50% 50%, 10 2.10.2 31

2.10.3 2.11 2.12 2.12.1 2000, 2.12.2 2.12.3 2.12.4 : % (%) 3-5 35 2.77-2.71 3-5 7-16 13.85-6.06 3-5 8-9 12.13-10.78 2.12.5 32

2.13 2.13.1 2.13.2 2.13.3 3 2.14 2.14.1 2.14.2 2.14.3 3 3 2.14.4 33

2.15 2.16 2.17 2.18 2.18.1 2.18.2, 34

2.18.3 1 2 2.19 2.20 2.20.1 2.20.2 2.20.2.1 2003 12 2003 7 1 2.20.2.2 2002 15,359,345.07 12,347,100.00 3,012,245.07-12,347,100.00 12,347,100.00 64,267,994.09 64,267,994.09 74,557,244.09 74,557,244.09 10,289,250.00 10,289,250.00 81,433,091.59 81,433,091.59 93,780,191.59 93,780,191.59 12,347,100.00 12,347,100.00 - - 12,347,100.00 12,347,100.00 12,347,100.00 12,347,100.00 479,796,766.61 479,796,766.61 492,143,866.61 492,143,866.61 12,347,100.00 12,347,100.00 2.21.1 [1995]11 [1996]2 35

2.21.2 3 1 2 10% 3 9% 4 5, 4 4.1 17% 13% 13% 17% 4.2 5% 4.3 4.4 7% 5% 4.5 3% 4.6 2% 4.7 0.7 36

4.8 70% 1.2% 12% 4.9 [2001]657 2001 15% 5 [2001]156 2001-2003 [2003]232 2003 33% 5 5.1 4900 4700 95.92% 3000 3000 100% 5975.11 5500 92.05% 2202.08 2000 90.82% 1100 561 51% 13500 13500 60% 5.2 6 6.1 2003 12 31 209,333,575.77 37

2003 12 31 2002 12 31 579,489.53 194,386.05 201,165,901.17 130,978,189.05 $29,106.94 8.2767 240,909.41-7,347,275.66 433,248.28 209,333,575.77 131,605,823.38 6.2 2003 12 31 2002 12 31 1 - - 100,000.00 - - - - - - - 100,000.00-2 - - - - - - - - - - - - 3 - - 35,000,000.00 - - - 35,100,000.00 - - 3500 2,832,000.00 6.3 2003 12 31 2,300,000.00 2003 12 31 2002 12 31 2,300,000.00 400,000.00 2,300,000.00 400,000.00 6.4 2003 12 31 36,293,288.91 6.4.1 38

2003 12 31 2002 12 31 % % 34,173,786.55 90.84 1,000,903.04 18,248,934.64 95.70 575,257.33 2,662,037.30 7.08 169,870.72 784,755.72 4.12 216,022.60 780,755.72 2.08 155,434.44 4,167.91 0.02 833.58 4,167.91 0.01 1,250.37 30,197.10 0.16 9,059.13 37,620,747.48 100 1,327,458.57 19,068,055.37 100 801,172.64 6.4.2 6.4.3 5 5% 6.4.4 1,399,855.62 3.72% 6.5 2003 12 31 41,485,017.04 6.5.1 2003 12 31 2002 12 31 % % 33,758,614.32 77.90 515,041.56 20,325,458.28 58.71 469,988.29 3,615,285.82 8.34 198,579.06 14,108,207.04 40.75 266,988.05 5,782,910.75 13.34 1,085,401.68 187,888.93 0.54 37,577.79 181,754.93 0.42 54,526.48 1,200.00 0.00 360.00 43,338,565.82 100 1,853,548.78 34,622,754.25 100 774,914.13 6.5.2 2004 1 6.5.3 5 5% 6.5.4 18,126,237.26 41.82% 6.6 2003 12 31 83,071,646.76 6.6.1 39

2003 12 31 2002 12 31 % % 64,478,229.55 77.62 52,581,777.19 96.63 17,643,605.48 21.24 1,822,224.39 3.35 949,811.73 1.14 9,525.94 0.02 83,071,646.76 100 54,413,527.52 100 6.6.2 5 5% 6.6.3 6.7 2003 12 31 159,303,575.69 6.7.1 2003 12 31 2002 12 31 13,016,887.61 159,945.79 10,547,141.02 133,375.31 427,178.33 18,771.13 461,715.76-1,446,611.92-882,689.95-12,110,284.97-7,439,725.32-133,248,759.74 767,429.96 110,779,325.53 738,042.96 - - 6,300,951.07 - - - 3,945,212.11-160,249,722.57 946,146.88 140,356,760.76 871,418.27 6.7.2 2002 12 31 2003 12 31 133,375.31 178,716.92 133,375.31 178,716.92 738,042.96 954,307.63 924,920.63 767,429.96 871,418.27 1,133,024.55 1,058,295.94 946,146.88 6.7.3 6.7.4 40

6.8 2003 12 31 922,356.70 2002.12.31 2003.12.31 40,590.00 85,504.08 100,590.00 25,504.08 79,816.40 2,376.00 82,192.40-336,841.16 422,664.13 419,588.60 339,916.69 819,743.22 327,897.29 491,845.93 27,591.00 27,591.00 1,650.00 45,833.00 9,984.00 37,499.00 458,897.56 1,403,711.43 940,252.29 922,356.70 6.9 2003 12 31 89,260,500.00 6.9.1 2002.12.31 2003.12.31 - - 136,286,100.00-2,974,400.00 50,000,000.00 89,260,500.00-1 - - - - 2 - - - - 3 - - - 4 136,286,100.00-2,974,400.00 50,000,000.00 89,260,500.00 136,286,100.00-2,974,400.00 50,000,000.00 89,260,500.00-6.9.2 41

10,000,000.00 7.94% 50,000.00 0.09% 3,000,000.00 3.84% 3,350,000.00 16.67% 5,000,000.00 10% 3,886,100.00 5.38% 50,000,000.00 41.67% 10,000,000.00 5.26% 3,000,000.00 20% 974,400.00 89,260,500.00 6.9.3 2001 7 [2001]27 10% 6.9.4-200 4000 1000 200 6.9.5-974,400.00-6.10 2003 12 31 40,000.00 6.10.1 42

2002 12 31 2003 12 31 - - - - - - 40,000.00 - - - 40,000.00-40,000.00 - - - 40,000.00-6.10.2 40,000.00 - - 3,000.00-40,000.00-6.11 2003 12 31 505,716,998.43 410,606,861.42 259,853,387.95 36,776,538.27 633,683,711.10 224,048,397.38 135,777,020.95 19,723,259.05 340,102,159.28 15,983,381.84 10,099,960.95 1,696,181.19 24,387,161.60 170,575,082.20 113,976,406.05 15,357,098.03 269,194,390.22 101,961,718.02 30,864,274.91 8,794,192.74 124,031,800.19 35,675,473.39 8,753,707.39 1,402,658.73 43,026,522.05 4,506,340.51 1,957,902.07 1,388,316.76 5,075,925.82 61,779,904.12 20,152,665.45 6,003,217.25 75,929,352.32 308,645,143.40 509,651,910.91 4,008,093.26-73,180.78 3,934,912.48 - - - - 180,000.00 180,000.00 3,828,093.26 73,180.78 3,754,912.48 304,637,050.14 505,716,998.43 6.11.1 10,873,663.74 2,496,235.25 6.11.2 135,010,054.79 43

6.11.3 53,210,000.00 6.11.4 290,408.02 41,112.56 180,000.00 69,295.46 290,408.02 41,112.56 180,000.00 69,295.46 6.12 2003 12 31 36,159,603.21 6.12.1 2,086,979.00 21,976,780.71 24,063,759.71-195,916.61 10,000.00 195,916.61 10,000.00 - - 5,159,054.54 48,048.54 5,111,006.00 - - 1,709,718.53 1,709,718.53 - - - 23,320,276.79 21,887,551.08 1,432,725.71 850,000.00 350,000.00 1,033,694.13 1,383,694.13 162.79% - - 3,460,558.76 2,560,353.10 900,205.66 8,390,000.00 7,389,354.68 5,885,457.28 13,174,811.96 100,000.00 158.22% - 750,000.00 447,700.00 302,300.00 1,355,912.00 1,355,912.00 1,500,000.00 1,500,000.00 113.60% 18,000,000.00-1,916,253.56 1,916,253.56-58,422,489.45 113,194,868.55 135,010,054.79 447,700.00 36,159,603.21 126.70% 44

6.13 2003 12 31 65,250,749.31 6.13.1 2002 12 31 2003 12 31 67,835,627.14 60,699,764.06 3,500,000.00 74,662.45 2,066,991.24 62,058,110.37 27-42 2,400,000.00-2,400,000.00-80,000.00 2,320,000.00 10 67,835,627.14 516,833.09 497,739.14-141,933.29 872,638.94 4 138,071,254.28 61,216,597.15 6,397,739.14 74,662.45 2,288,924.53 65,250,749.31 6.13.2 6.13.3 6.13.4-6.13.4 6.14 2003 12 31 437,341.20 2002 12 31 2003 12 31 3,689,947.67 2,681,146.54 110,679.35 2,354,484.69 437,341.20 5 3,689,947.67 2,681,146.54 110,679.35 2,354,484.69 437,341.20 6.15 2003 12 31 85,690,000.00 6.15.1 45

2003 12 31 2002 12 31 1,000,000.00 1,000,000.00 84,690,000.00 42,700,000.00 85,690,000.00 43,700,000.00 6.15.2 6.16 2003 12 31 43,711,914.00 2003 12 31 2002 12 31 43,711,914.00 38,738,980.70 43,711,914.00 38,738,980.70-6.17 2003 12 31 290,987,033.18 5% 5% 3 1,160,207.00-6.18 2003 12 31 50,819,210.90 5% 5% 6.19 2003 12 31 636,554.28-6.20 2003 12 31 2002 12 31 ( ) 636,544.28 3,012,245.07 636,544.28 3,012,245.07 46

6.20.1 2.20.2.3 6.20.2-2002 1-4 6.20.3-6.21 2003 12 31 10,938,571.22 2003 12 31 17% 13% 6,564,922.50 5% 410,817.91 5% 10% 285,380.38 5% 7% 429,522.34 1.2% 12% 699,968.51 272.25 3 /m 2 1 /m 2 104,480.34 33% 1,189,235.10 1,245,887.62 8,084.27 10,938,571.22 6.22 2003 12 31 540,782.33 2003 12 31 3% 217,292.27 29,329.82 0.7 176,755.47-1,055.83 2% 117,359.11 1,101.49 540,782.33 6.23 2003 12 31 30,550,944.71 47

2003 12 31 5%( 5%) 3 508,958.27 6.24 2003 12 31 1,853,069.17 2003 12 31 2002 12 31-35,224.52 1,812,011.83 7,224.00 41,057.34 750.00 1,853,069.17 43,198.52 6.25 2003 12 31 22,400,000.00 % RMB 6,600,000.00 1998.12.30-2004.4.28 6.39 RMB 10,000,000.00 1998.3.11-2004.1.20 10.54 RMB 5,800,000.00 2001.10.19-2004.10.20 8.91 22,400,000.00 6.26 : % 40,000,000.00 2002.8.5-2006.12.20 6.91 1,000,000.00 2001.10.18-2005.6.1 2 10,000,000.00 2002.11.4-2007.11.4 6.91 1,280,000.00 1998.11.13-2005.10.31 7.67 80,000.00 1998.11.30-2005.11.30 8.01 6,750,000.00 1998.12.30-2005.2.28 6.39 500,000.00 2003.1.1-2005.12.31 4 59,610,000.00 48

6.26.1 51,500,000.00 6.26 2 8,110,000.00 [1998]6 [1998]9 6.27 2003 12 31 244,833.68 100 500 1993 3 244,833.68 244,833.68 6.28 2003 12 31 552,921.06 2003 12 31 2002 12 31 552,921.06-552,921.06 - - 5 6.29 2003 12 31 6,797,500.00 2003 12 31 2002 12 31 5,000,000.00-1,000,000.00-400,000.00-397,500.00-6,797,500.00-49

[2003]1518-6.30 2003 12 31 102,892,500 102,892,500 2002 12 31 2003 12 31 1 38,250,000.00 38,250,000.00 2-3 - 4 - - 5-6 - 38,250,000.00 - - - - - 38,250,000.00 1 64,642,500.00 64,642,500.00 : 38,025.00 38,025.00 2-3 - 64,642,500.00 - - - - - 64,642,500.00 102,892,500.00 - - - - - 102,892,500.00 6.31 2003 12 31 265,736,136.75 2002 12 31 2003 12 31 263,134,875.00 - - 263,134,875.00 710,400.78 1,706,621.93 2,417,022.71 174,239.04 10,000.00 184,239.04 264,019,514.82 1,716,621.93-265,736,136.75 50

6.32 2003 12 31 39,379,519.07 2002 12 31 2003 12 31 16,553,505.37 4,172,557.30-20,726,062.67 14,898,154.83 3,755,301.57-18,653,456.40 31,451,660.20 7,927,858.87-39,379,519.07 6.33 2003 12 31 115,230,850.76 41,725,573.04 93,780,191.59 135,505,764.63 4,172,557.30 3,755,301.57 127,577,905.76 12,347,100.00 115,230,805.76 6.33.1 2.20.2.3 6.33.2 2002 10 1.20 ( ) 2003 2002 12,347,100.00 6.33.3 2004 2003 10 2.00 ( ) 20,578,500.00 6.34 51

2003 2002 955,007,084.15 824,923,305.10 704,190,900.38 604,410,215.87 368,733,219.34 256,925,363.69 200,112,909.19 134,396,991.11 1,323,740,303.49 1,081,848,668.79 904,303,809.57 738,807,206.98 6.34.1 6.34.2 6.35 2003 2002 2,419,430.46 1,286,371.41 5% 2,483,952.30 1,718,251.79 7% 5% 1,131,363.74 818,447.03 3% - 50,359.92 2% 6,034,746.50 3,873,430.15 6.36 2003 14,573,638.87 2003 2002 1,185,450.63 639,225.47 546,225.16 1,406,839.88 1,127,992.43 278,847.45 13,162,565.18 742,056.74 12,420,508.44 6,576,511.58 192,428.56 6,384,083.02-539,449.80-539,449.80 507,818.04 330,644.92 177,173.12 587,253.52-587,253.52 1,477,920.18 48,188.03 1,429,732.15 2,196,708.39 1,083,349.72 1,113,358.67 16,333,754.03 1,760,115.16 14,573,638.87 11,306,763.17 2,403,770.71 8,902,992.46 6.37 52

2003 2002 8,636,624.17 5,722,515.54 1,113,586.83 708,079.69 - - 344.57-511,252.38 457,416.12 - - 8,033,945.15 5,471,851.97 6.38 2003 2002 9,272.80-2,835,000.00 1,599,932.88 1,392,032.88 2,835,000.00 207,900.00 9,949,488.43 7,058,850.22-1,035,598.89-757,212.31 - - 11,758,162.34 7,901,570.79 6.38.1-9,272.80 6.38.2 2,835,000.00 6.38.3 9,949,489.43 2002 1,200,000.00 2,000,000.00 538,000.00 500,520.33 5,000,000.00 100,000.00 538,020.00 33,500.00-39,448.10 6.39 33,000.00 53

33,000.00 33,000.00 6.40 2003 2002 47,553.95 3,715.00 1,093,423.71-132,422.62 126,680.93 25,397.60 37,232.00 1,298,797.88 167,627.93 6.41 2003 2002 4,423,972.86 1,880,870.09-736,127.51 58,576.17 126,824.83 177,550.79 72,110.37-194,113.46 1,013,728.58-719,732.85 496,331.57 6,393,561.25 3,506,377.83 6.42 6.42.1 49,401,104.51 10,154,196.29 27,594,451.39 1,324,741.64 4,735,369.00 6.42.2 101,212,192.03 4,672,102.91 1,596,498.71 20,431,562.46 3,144,932.96 17,722,245.70 1,292,849.52 2,091,128.22 409,074.99 3,745,887.53 5,177,369.48 54

28,398,281.71 6.42.3 29,888.00 6.42.4 4,194,712.97-1,771,507.75 3 2,423,205.22 6.42.5 206,910,370.55 2,423,205.22 3 7 7.1 2003 12 31 17,290,015.27 7.1.1 2003 12 31 2002 12 31 % % 17,089,107.89 98.59 43,084.35 5,284,429.01 100 1,399.41 244,148.27 1.41 156.54 - - - 17,333,256.16 100 43,240.89 5,284,429.01 100 1,399.41 7.1. 2 7.1.3 5 5% 7.1.4 16,304,809.53 94.07% 7.2 2003 12 31 15,242,602.12 7.2.1 55

2003 12 31 2002 12 31 % % 15,223,370.50 99.40 66,159.77 5,629,000.67 99.70 124,233.02 92,505.73 0.60 7,114.34 17,100.00 0.30 300.00 15,315,876.23 100 73,274.11 5,646,100.67 100 124,533.02 7.2.2 5 5% 7.2.3 15,526,248.44 68.09% 7.2.4 1000 2004 1 7.3 2003 12 31 352,882,751.96 7.3.1 2002 12 31 2003 12 31 - - - - - - 339,726,091.79-72,211,459.81 59,054,799.64 352,882,751.96-1 203,439,991.79 70,211,459.81 9,054,799.64 264,596,651.96-2 - - - - 3 - - - - 4 136,286,100.00 2,000,000.00 50,000,000.00 88,286,100.00-339,726,091.79-72,211,459.81 59,054,799.64 352,882,751.96-7.3.2 56

7.94% 10,000,000.00 0.09% 50,000.00 3.84% 3,000,000.00 16.67% 3,350,000.00 10.40% 5,000,000.00 5.38% 3,886,100.00 41.67% 50,000,000.00 5.26% 10,000,000.00 20% 3,000,000.00 88,286,100.00 7.3.3 2002 12 31 2003 12 31 47,000,000.00 60,565,092.55 6,226,134.36 19,791,226.91 8,015,122.87 58,776,104.04 18,000,000.00 24,499,836.52-41,421.91-88,783.09 24,458,414.61 20,000,000.00 20,211,531.44 1,316,357.66 1,527,889.10 21,527,889.10 55,000,000.00 51,945,523.64 26,624.92-3,027,851.44 51,972,148.56 5,610,000.00 6,189,459.37 1,238,600.01 1,818,059.38 7,428,059.38 23,641,815.53 29,974,773.81 54,000,000.00 7,486,586.68 13,819,544.96 91,461,360.49 169,251,815.53 193,386,217.33 54,000,000.00 16,252,881.72 33,840,085.82 8,015,122.87 255,623,976.18 7.3.4 57

2002 12 31 2003 12 31-547,197.70 10-547,197.70 54,719.77-492,477.93 11,358,184.47 10 10,600,972.16 1,135,818.45 9,465,153.71 10,810,986.77-10,053,774.46-1,190,538.22 8,972,675.78 7.3.5-4000 1000 200 7.4 2003 2002 501,756,252.76 429,047,081.79 456,162,668.33 395,822,442.79 501,756,252.76 429,047,081.79 456,162,668.33 395,822,442.79 7.4.1 7.4.2 7.5 2003 2002 9,272.80 1,392,032.88 1,392,032.88 9,910,040.33 7,058,850.22 14,546,259.79 8,989,274.04-1,081,098.68-757,212.31-1,081,098.68-757,212.31-23,384,474.24 16,682,944.83 7.5.1-9,272.80 7.5.2 9,910,040.33 2002 58

7.5.3 14,546,259.79 7.5.4 8 8.1 8.1.1 2850 29 8.1.2 28,500,000.00 28,500,000.00 8.1.3 ( ) % % % % 28,500,000.00 27.70 28,500,000.00 27.70 8.2 8.2.1 1 2 10 59

3 4 10 8.2.2 8539.88 252.29 2003 1,000,000.00 8.2.3 ( : ) 14,710,000.00 30,000,000.00 6,000,000.00 22,000,000.00 15,000,000.00 6,000,000.00 4,000,000.00 1,000,000.00 8.2.5 38.59 24.40 1 10 16 3 60

6 10 3 5 6 1 8.2.6 8.3 % 1,522,900.00 0.51 9 2003 12 31 10 2003 12 31 11 2003 12 31 12 13 14 15 61

16 16.1 2003 12 31, 16.2 2003 12 31-630 17 2004 3 22 2003 2003 10289.25 10 2 1 2 3 4 62

1-1 2003 12 31 2002 12 31 1 209,333,575.77 115,122,784.49 131,605,823.38 85,748,451.89 2 35,100,000.00 100,000.00 3 2,300,000.00 400,000.00 4 8,015,122.87 5 6 36,293,288.91 17,290,015.27 18,266,882.73 5,283,029.60 7 41,485,017.04 15,242,602.12 33,847,840.12 5,521,567.65 8 83,071,646.76 35,783,927.72 54,413,527.52 7,355,869.79 9 10 159,303,575.69 42,642,036.87 139,485,342.49 59,230,015.15 11 922,356.70 339,916.69 458,897.56 416,657.56 12 13 14 532,709,460.87 234,436,406.03 413,578,313.80 163,655,591.64 15 16 89,260,500.00 352,882,751.96 136,286,100.00 339,726,091.79 17 40,000.00 40,000.00 18 8,563,177.67 9,598,776.56 19 8,563,177.67 9,598,776.56 20 97,863,677.67 352,882,751.96 145,924,876.56 339,726,091.79 21 22 633,683,711.10 122,184,112.50 410,606,861.42 122,710,240.40 23 124,031,800.19 32,497,223.82 101,961,718.02 27,539,070.50 24 509,651,910.91 89,686,888.68 308,645,143.40 95,171,169.90 25 3,934,912.48 1,822,546.70 4,008,093.26 1,831,622.38 26 505,716,998.43 87,864,341.98 304,637,050.14 93,339,547.52 27 336,212.02 28 36,159,603.21 58,422,489.45 29 30 542,212,813.66 87,864,341.98 363,059,539.59 93,339,547.52 31 32 65,250,749.31 3,462,606.85 61,216,597.15 33 437,341.20 2,681,146.54 2,197,563.82 34-35 65,688,090.51 3,462,606.85 63,897,743.69 2,197,563.82 36 37 01 38 1,238,474,042.71 678,646,106.82 986,460,473.64 598,918,794.77 2004 3 22

1-2 2003 12 31 2002 12 31 39 85,690,000.00 43,700,000.00 40 43,711,914.00 13,000,000.00 38,738,980.70 11,540,000.00 41 290,987,033.18 105,447,046.51 193,655,807.34 77,082,563.55 42 50,819,210.90 22,902,752.75 19,605,081.99 10,641,759.98 43 636,554.28 522,755.39 44 5,490,905.68 1,245,988.24 4,621,030.94 1,419,022.38 45 340,926.83 3,012,245.07 46 10,938,571.22 4,380,574.50 2,724,168.92 1,184,923.07 47 540,782.33 252,134.99 266,808.63 111,740.40 48 30,550,944.71 8,178,648.25 32,033,554.17 4,794,918.78 49 1,853,069.17 43,198.52 50 51 22,400,000.00 6,600,000.00 52 53 54 543,959,912.30 155,407,145.24 345,523,631.67 106,774,928.16 55 56 59,610,000.00 111,130,000.00 57 244,833.68 244,833.68 58 552,921.06 59 6,797,500.00 230,000.00 60 61 67,205,254.74-111,604,833.68 62 63 01 64 611,165,167.04 155,407,145.24 457,128,465.35 106,774,928.16 65 104,069,914.09 37,188,141.68 66 67 102,892,500.00 102,892,500.00 102,892,500.00 102,892,500.00 68 - - - - 69 102,892,500.00 102,892,500.00 102,892,500.00 102,892,500.00 70 265,736,136.75 265,736,136.75 264,019,514.82 264,019,514.82 71 39,379,519.07 39,379,519.07 31,451,660.20 31,451,660.20 72 18,653,456.40 18,653,456.40 14,898,154.83 14,898,154.83 73 115,230,805.76 115,230,805.76 93,780,191.59 93,780,191.59 : 20,578,500.00 20,578,500.00 12,347,100.00 12,347,100.00 74 523,238,961.58 523,238,961.58 492,143,866.61 492,143,866.61 75 1,238,474,042.71 678,646,106.82 986,460,473.64 598,918,794.77 2004 3 22

2 2003 2002 1 1,323,740,303.49 501,756,252.76 904,303,809.57 456,162,668.33 2 1,081,848,668.79 429,047,081.79 738,807,206.98 395,822,442.79 3 6,034,746.50 3,397,600.10 3,873,430.15 1,900,945.57 4 235,856,888.20 69,311,570.87 161,623,172.44 58,439,279.97 5 14,573,638.87 5,625,935.66 8,902,992.46 5,031,098.37 6 127,488,436.98 23,543,547.15 77,944,263.59 21,887,594.45 7 64,400,885.51 24,621,643.01 40,374,932.94 17,036,839.34 8 8,033,945.15-115,999.35 5,471,851.97 2,955.87 9 50,507,259.43 26,888,315.72 46,735,116.40 24,542,988.68 10 11,758,162.34 23,384,474.24 7,901,570.79 16,682,944.83 11 33,000.00 455,001.50-02 12 1,298,797.88 54,195.76 167,627.93 38,249.90 13 6,393,561.25 4,090,938.51 3,506,377.83 568,951.10 14 57,203,658.40 46,236,047.21 51,752,938.79 40,695,232.31 15 10,288,626.33 4,510,474.17 7,629,506.17 4,260,420.58 16 5,189,459.03 7,688,620.89-17 18 41,725,573.04 41,725,573.04 36,434,811.73 36,434,811.73 2004 3 22 2003 2002 1 2 3 4 5 6 7 8

2-2 02 1 93,780,191.59 - - 12,347,100.00 - - - 3,643,481.17 3,279,133.06 - - - 100,702,805.82-20,578,500.00 2004 3 22-94,652,305.76 81,433,091.59 115,230,805.76 - - - - - 123,158,664.63 4,172,557.30 3,755,301.57 2003-2003 2002 41,725,573.04 81,433,091.59 36,434,811.73 64,267,994.09

2-2 02 1 2002 36,434,811.73 64,267,994.09-100,702,805.82 3,643,481.17 3,279,133.06 - - - - 93,780,191.59 - - 12,347,100.00-81,433,091.59 94,652,305.76 115,230,805.76 - - 20,578,500.00 - - 4,172,557.30 3,755,301.57 - - - 123,158,664.63 2004 3 22-2003 41,725,573.04 81,433,091.59 2003 2

3-1 2003 1 1,472,747,945.03 585,769,701.61 2 130,845.32 3 49,401,104.51 26,283,289.56 4 1,522,279,894.86 612,052,991.17 5 1,180,979,371.55 475,419,935.92 6 51,126,365.01 19,610,091.27 7 47,194,933.81 23,950,266.86 8 101,212,192.03 38,812,995.22 9 1,380,512,862.40 557,793,289.27 10 141,767,032.46 54,259,701.90 11 12 75,100,000.00 40,100,000.00 13 12,961,761.23 9,919,313.13 14 1,400,309.69 15,000.00 15 16 89,462,070.92 50,034,313.13 17 186,444,073.74 6,582,927.00 18 2,974,400.00 56,000,000.00 19 20 21 189,418,473.74 62,582,927.00 22-99,956,402.82-12,548,613.87 23 24 57,258,553.00 24,903,120.00 25 113,200,000.00 26 29,888.00 10,000.00 27 170,488,441.00 10,000.00 28 109,930,000.00 29 22,870,155.07 12,347,100.00 30 4,194,712.97 03 31 136,994,868.04 12,347,100.00 32 33,493,572.96-12,337,100.00 33 344.57 344.57 34 75,304,547.17 29,374,332.60 2004 3 22

3-2 2003 1.35 36 41,725,573.04 41,725,573.04 37 5,189,459.03 38 1,606,468.41-8,373.95 39 28,368,039.66 6,318,674.59 40 2,288,924.53 37,393.15 41 2,354,484.69 2,197,563.82 42-463,459.14 76,740.87 43 1,809,870.65 44 3,330,549.15 3,740,812.14 45-47,553.95 46 8,636,624.17 47-11,758,162.34-23,384,474.24 48 49-19,892,961.81 16,567,739.96 50-58,397,315.10-41,940,898.64 51 137,016,491.47 48,928,951.16 52 53 141,767,032.46 54,259,701.90 2. 54 55 56 57 58 59 60 61 3. 62 63 202,514,010.51 115,122,784.49 64 131,119,460.28 85,748,451.89 65 4,396,360.04 66 486,363.10 03 67 75,304,547.17 29,374,332.60 2004 3 22

1-1-1 01 1 2003 1,567,027.64 1,672,796.61-54,248.16 54,248.16 3,185,576.09 792,113.51 535,685.06 340.00 340.00 1,327,458.57 774,914.13 1,137,111.55 53,908.16 53,908.16 1,858,117.52 - - - - - - - - - - 871,418.27 1,133,024.55-1,058,295.94 1,058,295.94 946,146.88 738,042.96 954,307.63 924,920.63 924,920.63 767,429.96 133,375.31 178,716.92 133,375.31 133,375.31 178,716.92 - - - - - - - - - - 4,008,093.26 3,803,437.23-3,876,618.01 3,876,618.01 3,934,912.48 - - 4,008,093.26 3,803,437.23 3,876,618.01 3,876,618.01 3,934,912.48 - - - - - - - - - - - - - - 2004 3 22

1-1-1 01 1 2003 125,932.43 42,181.48-51,598.91 51,598.91 116,515.00 1,399.41 42,181.48 340.00 340.00 43,240.89 124,533.02 51,258.91 51,258.91 73,274.11 - - - - - - - - - - 662,183.97 425,021.21-414,902.05 414,902.05 672,303.13 662,183.97 425,021.21 414,902.05 414,902.05 672,303.13 - - - - - - - - - - - - 1,831,622.38 3,749,186.09-3,758,261.77 3,758,261.77 1,822,546.70 - - 1,831,622.38 3,749,186.09 3,758,261.77 3,758,261.77 1,822,546.70 - - - - - - - - - - - - - - 2004 3 22