2004 2004 8 10 0

------------------------------2 --------------------------2 ------------4 ----------5 ---------------------6 ------------------------------9 ----------------------------12 ----------------------------38 1

1.1 2004 8 10 4 22 9 1.2 2004 1 Guangdong Xinhui Meida Nylon Co., LTD. 2 000782 3 529100 meidanylon.com 8hzh@21cn.com 4 5 0750 6107981 0750 6107975 meida @ meidanylon.com 6 http://www.cninfo.com.cn 2

7 2003 4 24 4400001009232 440782194133986 8 618,606,608.47 525,109,133.14 17.81% 771,599,723.01 643,976,303.16 19.82% 2,104,637,254.10 1,991,370,170.66 5.69% 840,454,307.36 816,951,009.76 2.88% 2.46 2.39 2.87% 2.87% 2.46 2.39 1-6 23,503,297.60 15,504,586.62 51.59% 33,878,580.70 16,000,433.88 111.74% 0.07 0.05 52.32% 0.07 2.80% 1.89% 0.91 43,190,171.90 107,041,917.59-59.65% 922,296.50 8,935,221.78 517,764.82 10,375,283.10 3

1 2 46486 3 10 0 81,818,181 23.92 81,818,181 0 20,000,000 5.85 0 0 20,000,000 5.85 0 17,600,000 17,600,000 5.15 0 0 15,000,000 4.39 0 0 15,000,000 4.39 15,000,000 0 10,000,000 2.92 0 0 6,181,818 1.81 0 0 5,000,000 1.46 0 0 4,000,000 1.17 0 A B H 5,000,000 A 1,797,617 A 1,060,258 A 568,200 A 445,300 A 441,000 A 423,000 A 400,000 A 351,800 A 293,400 A 4

1 5% 2 6181818 3 10 4 5 2004 6 29 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12,700 12,700 4,000 4,000 0 0 0 0 6 6 2004 4 1,000 1,000 2004 4 5

2 1 2004 4 8 16 2 2004 4 8 16 3 2004 6 10 18 1 2004 1-6 2003 1-6 84016.29 58464.93 25551.36 13592.46 9972.67 3619.79 2350.33 1550.46 799.87 3838.15-3658.84 7496.99 2003 2 2004 6 30 2003 12 31 % 210463.73 199137.02 5.69 84045.43 81695.10 2.88 1 11326.71 6

2 2350.33 2004, 6 6 42880 53.5% 6 14908 90.08% 103% 1 10% (%) 3.06 2.14 154.22 766.53 2,052.35-167.75-71.08-31.76 4,474.69 0.00 100.00 14.38 25,596.78 25,596.78 (%) 2.8D 11,594.32 10,390.83 10.38 34.47 34.11 TTY70D 18,217.60 16,293.82 10.56 43.15 47.06 7 0.24 2.36 0.00 0.00 -- 0.00 0.00 0.00

26667 23 21670 23 7023 128 5212 43 231-90 2 3 4 10% 5 1 2 839 346.09 80% 6 920 688.23 50% 3 767 247.73 95% 150 588 513.29 50% 1 956 580.53 90% 8

6 155 900.00 50% 170 228 275.87 1 2003 2 1 2 100% 2004618 100% ABBA DEVELOPMENY LIMITED ABBA DEVELOPMENY LIMITED 20046 9

10% 100% ABBA DEVELOPMENY LIMITED 45,000,000 29,908,711 15,091,289 10,636,068 4,455,221 1 2 1 2003 04 18 2,000.00 2003 4 8 --2006 4 17 400.00 400.00 400.00 0.00 4.89 400.00 2 2004 6 30 2000 400 10

50% 50% 70% 3 2003 12 7 --2004 1,500.00 12 7 0.00 2.70 0.00 1,500.00 0.00 2.70 0.00 2003 :, 5% 1 2003 6 10 7 http://www.cninfo.com.cn, 2 2004 11

2004 1 16 15 http://www.cninfo.com.cn, 3 2003 2004 5 24 10 http://www.cninfo.com.cn, 4 100% 100% ABBA DEVELOPMENY LIMITED 2004 6 22 22 http://www.cninfo.com.cn, 12

: : 2004-6-30 2003-12-31 1 157,299,551.49 39,526,160.88 118,918,016.69 30,965,997.05 2 624,932.96 624,932.96 16,620,732.96 1,620,723.96 3 90,874,290.45 11,273,408.44 83,342,056.18 19,952,508.03 0.00 0.00 4 51,416,641.89 16,786,582.02 36,016,711.84 7,239,659.76 5 41,721,361.49 44,889,115.83 4,138,862.73 1,980,772.19 6 154,577,297.08 14,205,615.34 85,427,298.03 30,275,633.31 7 1,344,344.42 1,344,344.42 1,344,344.42 1,344,344.42 8 120,197,203.94 30,097,144.16 178,479,858.90 35,621,012.86 9 550,984.75 119,503.56 821,251.39 603,007.74 482,684,260.99 389,000,703.17 618,606,608.47 641,551,068.60 525,109,133.14 518,604,371.49 : 10 243,430,836.62 655,162,156.48 294,157,493.55 622,084,015.54 243,430,836.62 655,162,156.48 294,157,493.55 622,084,015.54 : 181,589,096.79 260,358,395.89 : 11 1,855,923,737.93 304,605,145.28 1,850,622,065.56 309,269,921.65 : 11 756,818,345.95 183,312,634.51 709,640,276.80 173,449,983.68 11 1,099,105,391.98 121,292,510.10 1,140,981,788.76 135,819,937.97 : 12 73,680,820.34 10,027,570.10 65,090,147.06 10,027,570.10 1,025,424,571.64 111,264,940.67 1,075,891,641.70 125,792,367.87 113,583.42 262,256.65 13 170,228,275.87 70,314,819.54 48,340,542.90 41,980,357.90 27,000.00 1,195,739,430.93 181,579,760.21 1,124,494,441.25 167,772,725.77 : 14 46,860,378.08 29,429,722.00 47,609,102.72 29,751,573.40 46,860,378.08 29,429,722.00 47,609,102.72 29,751,573.40 : 2,104,637,254.10 1,507,722,707.29 1,991,370,170.66 1,338,212,686.20 13

() : 2004-6-30 2003-12-31 : 15 582,874,881.41 488,758,912.61 442,351,282.64 385,351,282.64 16 6,902,000.00 6,902,000.00 13,841,931.97 13,331,905.00 17 119,023,638.78 38,416,069.69 125,119,887.03 10,281,814.14 18 14,809,279.47 6,614,142.17 14,407,704.58 3,101,221.68 763,083.36 688,836.45 1,565,197.89 578,589.38 1,954,226.28 1,341,942.48 2,620,236.49 1,979,555.13 - - 19 13,440,427.44 2,629,286.41 11,934,692.73 6,091,884.05 976,334.46 484,126.57 1,733,363.96 529,150,.66 20 18,254,269.71 11,027,729.34 28,980,258.90 17,073,049.71 21 3,841,582.10 358,083.96 1,421,746.97 376,395.99 - - 22 8,760,000.00 771,599,723.01 557,221,192.68 643,976,303.16 411,694,848.38 : 23 463,760,000.00 108,800,000.00 481,280,000.00 108,800,000.00 - - - - - - - - 463,760,000.00 108,800,000.00 481,280,000.00 108,800,000.00 - - 1,235,359,723.01 666,021,192.68 1,125,256,303.16 520,494,848.38 : 28,823,223.73 49,162,857.74 - : 24 342,000,000.00 342,000,000.00 342,000,000.00 342,000,000.00 25 388,889,307.11 388,889,307.11 388,889,307.11 388,889,307.11 26 40,137,022.64 40,137,022.64 40,137,022.64 40,137,022.64 : 7,343,530.43 7,343,530.43 7,343,530.43 7,343,530.43 27 69,427,977.61 70,675,184.86 45,924,680.01 46,691,508.07 840,454,307.36 841,701,514.61 816,951,009.76 817,717,837.82 2,104,637,254.10 1,507,722,707.29 1,991,370,170.66 1,338,212,686.20 14

: 840,162,964.29 176,608,583.43 584,649,304.80 208,892,016.63 698,656,320.99 154,861,412.13 480,094,040.40 183,186,964.64 5,582,009.80 1,307,681.11 4,828,525.01 1,897,294.32 - - 135,924,633.50 20,439,490.19 99,726,739.39 23,807,757.67 1,100,046.05 1,025,824.23 1,244,697.67 874,531.99 9,280,383.52 890,269.73 11,051,453.93 2,488,204.33 31,754,023.08 6,361,045.05 25,496,199.65 6,149,321.07 25,738,168.66 299,140.90 24,952,079.75 4,846,294.39-70,252,104.29 13,914,858.74 39,471,703.73 11,198,469.87 - -12,451,238.60 12,607,090.51-13,784,844.85 6,465,257.35 36,547.00 36,547.00 10,375,283.10 521,816.06 532,394.26 347,683.87-47,425,582.59 26,000,133.19 25,191,011.62 17,352,590.35 13,168,842.37 2,016,456.40 7,828,504.65 1,653,922.29 10,753,442.62 1,857,920.35-23,503,297.60 23,983,676.79 15,504,586.62 15,698,668.06 45,924,680.01 46,691,508.07 25,295,967.27 26,687,439.70 9,053,215.54 9,053,215.54 69,427,977.61 70,675,184.86 49,853,769.43 51,439,323.30 69,427,977.61 70,675,184.86 49,853,769.43 51,439,323.30 69,427,977.61 70,675,184.86 49,853,769.43 51,439,323.30 : 1. 2. 3. 4. 5. 6. 15

: 20041-6 : 971,431,112.09 213,108,196.75 6,857,773.41 3,552,365.42 978,288,885.50 216,660,562.17 781,011,892.03 139,184,952.46 18,542,960.61 10,378,545.26 45,592,845.76 13,640,648.99 89,951,015.20 152,403,162.15 935,098,713.60 315,607,308.86 43,190,171.90-98,946,746.69 : 16,000,000.00 1,000,000.00 122,050.50 122,050.50 195,303.70 16,317,354.20 1,122,050.50 127,147,221.41 23,719,429.05 4,2000.00 4,2000.00 127,151,421.41 23,723,629.05-110,834,067.21-22,601,578.55 : 460,133,902.00 360,508,695.44 460,133,902.00 360,508,695.44 328,370,303.23 230,101,065.47 25,738,168.66 299,140.90 354,108,471.89 230,400,206.37 106,025,430.11 130,108,489.07 38,381,534.80 8,560,163.83 16

() : 20041-6 1. : 23,503,297.60 23,983,676.79 : 10,753,442.62 9,415,600.97 48,486,630.83 9,908,343.37 748,724.64 321,851.40 270,266.64 483,504.18 2,419,835.13 18,312.03 922,296.50 4,051.24 (: ) 25,738,168.66 299,140.90 (: ) 12,451,238.60-12,607,090.51 (: ) 58,282,654.96 5,523,868.70 (: ) (: ) -25,077,320.63-154,539,904.57 (: ) -124,724,664.62 27,694,123.84 43,190,171.90-98,946,746.69 2. : 3. 157,299,551.49 39,526,160.88 : 118,918,016.69 30,965,997.05 : : 38,381,534.80 8,560,163.83 17

1992 9 1992 59 1997 5 21 [1997]258 5000 1998 1 8 34200 2003 4 4400001009232 34200 6 1 2 1 1 12 31 3 4 5. 18

6. 7. 8. 9. a b c d 19

1 5% 1-2 10% 2-3 30% 3 40% 10. 11. a. b. 10 10 20

21 c. 20% 20% 20% 20%(20%) 20% 12. 2000 5%

30 3.17% 12 7.92% 20 4.75% 18 5.28% 14 6.78% 14 6.78% 12 7.92% 13. 3 14. 46-50 22

23 22 15 16 (1) a. b. c. (2) a. b.

(3) 3 (4) 17. 19. 20. 50% [1999]10 24

100% 17% 17%, 7%, 3%, 10% 13%, a. 15% 1994 001 1994 015 15% b. -DSM 25

2001 27% 2002 27% 27% -DSM 2004 12% c. 33% d 27% 1996 2054 75% 6 1994 705 75% 6 1997 1365 75% 1995 500 75% 1993 80 100% 1988 21 5% 2000 241 75% -DSM 2000 1899.7 75% 1994 4763 70% 6 2003 10 100% 2004 1 6 2004 5000 51% 95% 100% 26

100% 100% 2004 6 18 ABBA DEVELOPMENT LIMITED a. 2003 12 15 b. 2004 6 18 c. 20 21,760,000.00 1.72% 70 2,390,000.00 0.02% 35 4,800,000.00 0.1187% 1000 4,000,000.00 40% 1500 750,000.00 10% 126 2,690,154.65 25% 1 2003-12-31 2004-06-30 RMB 6,418.90 27,503.13 RMB 86,298,107.18 112,532,699.66 HKD 1,642,094.10 1,749,951.97 27,858,612.71 29,575,470.39 USD 3,710,040.92 30,707,272.90 1,802,711.89 15,011,662.57 RMB 156,265.74 152,215.74 118,918,016.69 157,299,551.49 38,381,534.80 27

2. 2003-12-31 2004-06-30 1 620,732.96 624,932.96 15,000,000.00 16,620,732.96 624,932.96 3. 90,874,290.45 7,532,234.27 9.04% 4 2004-06-30 1 48,518,774.44 85.58% 2,425,938.72 46,092,835.72 1-2 767,140.10 1.35% 76,714.01 690,426.09 2-3 1,879,932.62 3.32% 563,979.79 1,315,952.83 3 5,529,045.41 9.75% 2,211,618.16 3,317,427.25 56,694,892.57 100.% 5,278,250.68 51,416,641.89 2003-12-31 1 32,138,465.20 78.74% 1,754,364.18 30,384,101.02 1-2 767,140.10 1.88% 76,714.01 690,426.09 2-3 1,879,932.62 4.61% 555,175.13 1,324,757.49 3 6,029,045.41 14.77% 2,411,618.17 3,617,427.24 40,814,583.33 100% 4,797,871.49 36,016,711.84 15,880,309.24, 38.91% 5,608,538.30, 10.91%. 5%(5%) 28

5. 2004-06-30 1 41,022,923.53 97.57% 76,219.77 40,946,703.76 1-2 479,257.73 1.14% 30,700.00 448,557.73 2-3 3 543,500.00 1.29% 217,400.00 326,100.00 42,045,681.26 100% 324,319.77 41,721,361.49 2003-12-31 1 3,440,424.77 77.08% 76,219.77 3,364,205.00 1-2 479,257.73 10.74% 30,700.00 448,557.73 2-3 3 543,500.00 12.18% 217,400.00 326,100.00 4,463,182.50 100% 324,319.77 4,138,862.73 2004 06 30 ABBA DEVELOPMENT LIMIT 35,516,146.75 1 1, 477,816.05 1 942,548.96 1 500,000.00 3 300,000.00 1, 5%(5%) 38,736,511.76, 92.13% ABBA DEVELOPMENT LIMITED 6 154,577,297.08 69,149,999.05 80.95% 116,978,794.93 29

75.68% 5%(5%) 7. 2003-12-31 200406-30 1,344,344.42 1,344,344.42 1,344,344.42 1,344,344.42 8 2003-12-31 2004-6-30 91,206,189.36 5,038,647.31 86,167,542.05 58,764,257.43 135,614.65 58,628,642.78 76,534,289.77 15,875,825.37 60,658,464.40 57,770,845.37 15,875,825.37 41,895,020.00 13,695,636.56-13,695,636.56 19,337,963.99-19,337,963.99 17,742,319.65-17,742,319.65 97,128.24-97,128.24 1,654.40-1,654.40 1,090.50-1,090.50 214,241.84-214,241.84 237,358.43-237,358.43 199,394,331.58 20,914,472.68 178,479,858.90 136,208,643.96 16,011,440.02 120,197,203.94 9. 2003-12-31 2004-06-30 276,188.60 271,452.27 545,062.79 279,532.48 821,251.39 550,984.75 10. (1) 2003-12-31 2004-06-30 294,157,493.55 28,042,642.17 78,769,299.10 243,430,836.62 - - - - 294,157,493.55 28,042,642.17 78,769,299.10 243,430,836.62 30

- - - - - - - - - - - - 294,157,493.55 28,042,642.17 78,769,299.10 243,430,836.62 (2) a. 2003-12-31. () 2004-6-30 40.00% 4,000,000.00 3,550342.32-449,657.68-3,550,342.32 25.00% 2,690,154.65 548,755.34-22,782.72 6,871.77 555,627.11 100% 28,035,770.40 28,035,770.40 6,690,154.65 4,099,097.66-472,440.40 28,042,642.17 32,141,739.83 0.02% - 2,390,000.00 - - - 2,390,000.00 0.1187% - 4,800,000.00 - - - 4,800,000.00 1.72% - 21,760,000.00 - - - 21,760,000.00 10% - 750,000.00 - - - 750,000.00-29,700,000.00 - - - 29,700,000.00 6,690,154.65 33,799,097.66-472,440.40 28,042,642.17 61,841,739.83 b. 2003-12-31 () 2004-6-30 10 287,168,489.96 258,451,640.96-66,120,031.33 12,470,318.53 12,470,318.53 179,861,291.10 10 2,118,616.59 1,906,754.93-75,978.67 102,970.57 102,970.57 1,727,805.69 289,287,106.55 260,358,395.89-66,196,010.00 12,573,289.10 12,573,289.10 181,589,096.79 11. 2003-12-31 2004-6-30 267,076,814.04 939,598.83 1,445,265.28 266,571,147.59 31

358,647,870.96 - - 358,647,870.96 54,411,301.52 4,048,168.58 3,650,505.62 54,808,964.48 6,579,106.06 1,063,351.00 7,642,457.06 1,148,317,301.43 8,218,477.04 4,590,514.69 1,151,945,263.78 15,589,671.55 722,132.51 3,770.00 16,308,034.06 1,850,622,065.56 14,991,727.96 9,690,055.59 1,855,923,737.93 65,988,944.05 3,262,907.73 69,251,851.78 219,054,916.94 5,042,232.54-224,097,149.48 14,309,710.44 1,458,518.81 32,911.87 15,735,317.38 3,133,326.65 337,229.34 3,470,555.99 395,972,920.83 37,524,516.13 1,275,649.81 432,221,787.15 11,180,457.89 861,226.28-12,041,684.17 709,640,276.80 48,486,630.83 1,308,561.68 756,818,345.95 1,140,981,788.76 1,099,105,391.98 12. 2003-12-31 2004-6-30 2,167,874.66 2,167,874.66 46,784.94-46,784.94 62,383,550.19 8,935,221.78 344,548.50 70,974,223.47 491,937.27-491,937.27 65,090,147.06 8,935,221.78 344,548.50 73,680,820.34 8,935,221.78 344,548.50 13. 2003.12.31 ( : ) ( 2004.6.30 ( : ( : :( : ) ) ) ) 837,614.49 1,731.60-839,346.09 80% 796,556.20 7,041,379.93 917,247.90 6,920,688.23 50% 1,020,724.90 2,746,522.83 - - 3,767,247.73 95% 44,637,519.87 105,950,993.42 (2,511,000.00) 150,588,513.29 (2,511,000.00) 50% 3 1,048,127.44 236,887.08 1,285,014.52-0.00 100% 1,956,580.53 1,956,580.53 90% 6,155,900.00 6,155,900.00 50% 48,340,542.90 124,089,995.39 (2,511,000.00) 2,202,262.42 170,228,275.87 (2,511,000.00) 32

14. 2003-12-31 ( ) 2004-6-30 37,941,681.25 29,751,573.40 0-321,851.40 29,429,722.00 42 48 18,711,275.80 17,857,529..32-426,873.24 17,430,656.08 20 56,652,957.05 47,609,102.72 748,724.64 46,860,378.08 15. 2003-12-31 2004-06-30 91,670,880.00 91,670,240.00 140,000,000.00 175,044,943.60 210,680,402.64 316,159,697.81 442,351,282.64 582,874,881.41 140,523,598.77 16. 6,902,000.00 6,939,931.97, 50%. 5% 5% 17 6,096,248.25, 4.87% 5%(5%) 18 5%(5%) 1 19. 33

1,505,734.71 20. 10,725,989.19 5%(5%) 21. 2003-12-31 2004-06-30 463,322.27 1,474,991.89 577,770.00 971,775.89 7,500.00 7,500.00 373,154.70 1,387,314.32 1,421,746.97 3,841,582.10 22 2004-6-30 2003-12-31 8,760,000.00 146 5.49% 8,760,000.00 23. 2004-06-30 2003-12-31 108,800,000.00 5.58% 108,800,000.00 300,000,000.00 5.76% 300,000,000.00 54,960,000.00 5.49% 72,480,000.00 463,760,000.00 481,280,000.00 17,520,000.00 24. 34

41,181,818.00-41,181,818.00 6,181,818.00-6,181,818.00 35,000,000.00 - - 35,000,000.00 71,500,000.00 - - 71,500,000.00 101,818,182.00-101,818,182.00 44,000.00-44,000.00 44,000.00-44,000.00 214,544,000.00 214,544,000.00 127,456,000.00 - - 127,456,000.00 342,000,000.00 342,000,000.00 25. 2003-12-31 2004-6-30 372,106,439.04 - - 372,106,439.04 422,868.07 422,868.07 16,360,000.00-16,360,000.00 388,889,307.11-388,889,307.11 26. 2003-12-31 2004-6-30 32,793,492.21-32,793,492.21 7,343,530.43 7,343,530.43 40,137,022.64 40,137,022.64 27. 45,924,680.01 23,503,297.60 69,427,977.61 28. 35

2004 1-6 2003 1-6 2004 1-6 2003 1-6 2004 1-6 2003 1-6 581,460,248.53 396,165,043.10 521,109,192.33 367,159,971.19 60,351,056.20 29,005,071.91 462,258,320.59 312,547,722.75 412,991,494.63 272,546,412.30 49,266,825.96 40,001,310.45 7,665,332.07 26,505,064.47 20,523,473.93 30,078,009.43-12,858,141.86-3,572,944.96 44,746,903.00 39,121,827.00 44,746,903.00 39,121,827.00 255,967,839.90 189,690,352.52 255,967,839.90 189,690,352.52 840,162,964.29 584,649,304.80 698,656,320.99 480,094,040.40 141,506,643.30 104,555,264.404 29 6,257,823.43 24.54% 2,514,228.48 2,235,541.75 30. 786,088.91 3.15%,,. 31. 2003 1-6 2004 1-6 344,946.00-14,514,755.17-12,573,289.10 106,096.21 122,050.50 87,000.00 191,868.11-6,904,098.58-12,451,238.60 32. 2003 1-6 2004 1-6 36

271,538.93 922,296.50 8,935,221.78 260,855.33 517,764.82 532,394.26 10,375,283.10 8,935,221.78 ().1 15000 23.92% 81,818,182 23.92% () () 1. 2. 2003-12-31 2004-06-30 37

5,122,191.26 480,379.19 5,602,570.45 4,797,871.49 480,379.19 5,278,250.68 324,319.77 324,319.77 - - - - 20,914,472.68-4,903,032.66 16,011,440.02 5,038,647.31-4,903,032.66 135,614.65 15,875,825.37 15,875,825.37 65,090,147.06 8,935,221.78 344,548.50 73,680,820.34 2,167,874.66 2,167,874.66 46,784.94-46,784.94 62,383,550.19 8,935,221.79 344,548.50 70,974,223.47 491,937.27-491,937.27 91,126,811.00 9,415,600.97 5,247,581.16 95,294,830.81 9 2004 1-6 16.17% 16.40% 0.40 0.40 8.36% 8.48% 0.21 0.21 2.80% 2.84% 0.07 0.07 4.03% 4.09% 0.10 0.10 1 2 3 4 5 38