2004 1

2004

2004 1

3 4 6 8 9 11 12 21 22 23 24 25 26 27 28 30 32 33 2

1 : 2 :LIAONING HUAJIN TONGDA CHEMICALS COMPANY LIMITED 1 2 3 000059 1 2 3 124021 4 LTDM@MAIL.PJPTT.LN.CN 075525986651 075525985575 04275855742 04275856408 http://www.cninfo.com.cn. 2100001051272 211160822490192 211102279309506 2006 5 3

74842900.96 58789746.36 57769719.67 164332041.51 (367220.79) 66220196.16 0 9866000 (1243295.20) 108029657.93 220209425.34 (1243295.20) 9866000 9746403.51 2004 6 30 2003 6 30 2003 12 31 635893637.40 471568312.51 458548110.04 569099765.13 735698955.05 683235214.10 2860952609.47 2577943643.26 2682210928.79 ( ) 1331612514.35 1269073782.36 1272822767.99 ( ) 58790 2686.8 4771 ( ) 57770 24126.8 57933 0.0886 0.0041 0.007 2.007 1.91 1.919 () 2.006 1.85 1.892 4.4149 0.212 0.36 () 0.16 0.13 0.455 1 663225214 2 = / 4

= / = / / = / 100% 5

1. 2004 6 30 85058 2. ( ) 0 459,335,214 69.26 218350000 0 30,000,000 4.52 6500000 0 2,845,512 0.43 0 2,044,488 0.31 290,000 0.05 281,200 0.04 250,000 0.04 234,000 0.03 205,900 0.03 200,500 0.03 10 3. 5%10% { } 1995 12 11 459335214 2002 12 3 16260 20000 2002 12 26 5575 8.4% PBL 8000 4. 6

( ) ABH 290,000 A 281,200 A 250,000 A 234,000 A 205,900 A 200,500 A 200,000 A 200,100 A 193,000 A 186,000 A 10 7

2003 2004 6 26 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,300 1,300 8

1 764891.2 773542.9 1.1 164332.0 139733.3 17.6 21.98 18.56 18.4 58789.7 2686.8 2088 220209.4 49336.4 346.3 2 2860952.6 2577943.6 6.66 1331612.5 1269073.8 4.62 5878.9 4.62% 1 90% 2004 63326 46182.6 2004 297222 50.41 3.75 4.3 76489 16433 7484 513.9 : 2 59533 167827 2004 3786 3 974 1 2 9

20 70 13 30 48 58977.57 26450 2420, 2004. 1 ; ; 2 ; ; ; 3 4 100% 100% 5 10

5 % 5% 2004 6 30 [2003]56 19 2004 1 4 (2004)1 2004 50% 3000 11

1 2 3 4 5 199511 (1996)2.,.,.. ( ). 6 7 1 1 5% 12 10% 23 15% 34 20% 45 25% 5 30% 8 9 12

1 2 20% 20%50% 20%50% 10 1 2000 2 1996 4 30 3 5% % 35 2.71 25 3.80 18 5.28 28 3.39 14 6.78 10 9.50 6 15.83 5 19 4 11 1 3 2 13

3 12 1 2 3 4 13 14 15 16 10% 5% 13% 17% 3%5% 7% 3% 33% 14

1 2 380,000,000.00 380,000,000.00 (3) ( : ) % % % % ( ) 459,335,214 69.26 459,335,214 69.26 (4) (5) 2004.16 % 10,606,928.60 100 53,731,940.11 100 23,821,731.22 100 15,483,332.70 100 6 1,435,437.65 1,372,551.87 2,403,734.59 404,254.93 365,406.10 856,140.55 1,221,546.05 10,389,729.48 1,799,321.47 8,590,408.01 15

420,532.90 420,532.90 183,944.16 183,944.16 876,898.37 729,190 147,708.37 765,130.71 1,765,130.71 2,774,872.61 1,774,872.61 10,000,000.00 10,000,000.00 (7) 2.0475 / 99.31 / 0.395 / 4238.36 / 1 2004630 1 13,105,959.21 43.39 914,567.97 12,191,391.24 12 630,323.03 2.09 63,032.30 567,290.73 23 34 45 5 16,469,327.78 54.52 4,940,798.83 11,528,528.95 30,205,610.02 100.00 5,918,399.10 24,287,210.92 20031231 1 18,650,744.88 51.31 879,573.40 17,771,171.48 12 1,227,462.61 3.38 98,027.37 1,129,435.24 23 34 45 516,469,327.78 45.31 4,940,798.83 11,528,529.45 36,347,535.27 100.00 5,918,399.10 30,429,136.17 2 2004630_ 16

1 15,442,006.25 32.52 311,124.95 15,130,881.30 12 11,670,795.31 24.57 1,167,079.53 10,503,715.78 23 12,389,194.00 26.09 1,858,379.10 10,530,814.90 34 1,893,002.02 3.99 378,600.40 1,514,401.62 45 56,095,532.00 12.84 1,732,499.73 4,363,032.27 47,490,529.58 100.00 5,447,683.71 42,042,845.87 20031231 1 14,849,695.73 29.40 427,518.71 14,422,177.02 12 15,654,267.85 30.99 1,382,365.98 14,271,901.87 23 13,716,847.10 27.15 1,855,965.44 11,860,881.66 34 12,202.99 0.02 2,440.60 9,762.39 45 87,573.00 0.37 46,893.25 140,679.75 56,095,532.00 12.07 1,732,499.73 4,363,032.27 50,516,118.67 100.00 5,447,683.71 45,068,434.96 3 2004630 20031231 1 24,060,247.62 85.15 21,713,310.79 91.16 12 3,901,732.42 13.81 1,810,680.06 7.60 23 34 45 5293,275.44 1.04 293,275.44 1.24 28,255,255.48 100.00 23,817,266.29 100.00 4 2004630 20031231 138,016,184.72 95,009.47 137,921,175.25 155,309,461.79 95,009.47 155,214,452.32 1,673,214.16 1,673,214.16 4,996,023.61 4,996,023.61 7,509,000.00 7,509,000.00 15,678,269.36 15,678,269.36 1,482,015.42 1,482,015.42 12,036,262.65 12,036,262.65 457,738.81 457,738.81 422,283.64 422,283.64 149,138,153.11 95,009.47 149,043,143.64 188,442,301.05 95,009.47 188,347,291.58 17

20031231 2004630 95,009.47 95,009.47 5 20031231 2004630 3,737,208.31 7,603,095.36 5,846,583.78 5,493,719.89 184,260.27 131,623.95 52,636.32 3,770,082.73 1,885,041.37 1,885,041.36 3,271.42 198,879.79 11,033.67 191,117.54 3,924,740.00 11,572,057.88 7,874,282.77 7,622,515.11 6 2003.12.31 2004630 17,190,668.48 65,421,776.36 82,612,444.84 1,604,932.42 3,263,054.22 4,867,986.64 1,056,660.53 215,549.67 1,272,210.20 45,300.80 45,300.80 877,305.58 593,644.42 1,470,950.00 13,000,000.00 11,827,159.50 9,944,558.68 1,882,600.82 2,287,321.37 1,543,094.77 3,830,416.14 849,890,000.00 367,712,033.57 14,582,834.36 382,294,867.93 10,000,000.00 4,466,724.77 501,005.97 4,967,730.74 1,500,000.00 1,550,766.88 1,550,766.88 6,232,632.76 6,232,632.76 414,806,205.86 86,166,260.57 9,944,558.68 491,027,907.75 7 20031231 2004630 30,870,136.27 2,102,038.97 1,543,506.84 558,532.13 74,353,900.00 71,901,591.11 810,000.00 71,091,591.11 105,224,036.27 74,003,630.08 2,353,506.84 71,650,123.24 8 20031231 2004630 18,975,556.67 316,259.22 316,259.22 0.00 18

1,264,743.45 814,743.45 200,000.00 614,743.45 1,000,000.00 520,000.00 520,000.00 0.00 635,703.42 238,947.57 396,755.85 2,286,706.09 1,275,206.79 1,011,499.30 9 2004630 20031231 3,391,023.00 1,491,036.20 490,373.02 7,294,018.57 5,913,500.00 1,063,356.84 3,674,000.00 290,019.93 1,655,000.00 5,427,247.13 339,168.72 29,336,197.92 1,692,545.49 10 2004630 2003630 16,597,011.67 15,725,167.21 871,844.46 4,240,405.80 1,853,867.89 915,192.21 938,675.68 520,061.40 711,659.09 749,779.22 38,120.13 191,860.12 67,730.77 2,207,351.57 2,139,620.80 19,230,269.42 19,597,490.21 367,220.79 4,952,327.32 11 2004630 2003630 32,707,660.84 25,384,989.67 603,987.99 55,800.85 34,256,951.76 9,746,403.51 621,673.17 251,839.04 22,978,942.51 59,837,979.62 19

12 2004630 2003630 942,154.00 29,456.82 25,916.46 971,610.82 25,916.46 13 2004630 2003630 37,055.84 180,438.69 30,400.00 132,147.38 4,000.00 208,300.00 1,590,500.00 259,000.00 289,295.00 10,000.00 263,655.18 2,214,906.02 789,886.07 20

1 2 3 21

: 2004630 1 164,433,241.04 384,642,666.38 2 3 2,528,000.00 4 5 6 30,429,136.17 24,287,210.92 7 45,068,434.96 42,042,845.87 8 23,817,266.29 28,255,255.48 9 10 188,347,291.58 149,043,143.64 11 3,924,740.00 7,622,515.11 21 24 31 458,548,110.04 635,893,637.40 32 8,000,000.00 5,000,000.00 34 38 8,000,000.00 5,000,000.00 39 3,666,361,042.59 3,676,681,246.68 40 1,885,163,969.72 1,964,300,381.10 41 1,781,197,072.87 1,712,380,865.58 42 56,630,796.15 56,011,423.80 43 1,724,566,276.72 1,656,369,441.78 44 45 414,806,205.86 491,027,907.75 46 50 2,139,372,482.58 2,147,397,349.53 51 74,003,630.08 71,650,123.24 52 2,286,706.09 1,011,499.30 53 60 76,290,336.17 72,661,622.54 61 67 2,682,210,928.79 2,860,952,609.47 22

2004630 68 433,000,000.00 449,300,000.00 69 70 76,901,503.37 50,995,823.79 71 103,482,302.12 28,637,074.30 72 3,888,897.40 3,236,000.00 73 4,773,625.84 6,358,733.21 74 75 840,567.91 3,540,692.19 80 230,804.14 175,677.63 81 31,472,219.51 10,237,032.51 82 1,692,545.49 29,336,197.92 83 86 36,500,000.00 90 100 683,235,214.10 569,099,765.13 101 697,077,051.54 930,083,515.49 102 103 106 108 110 697,077,051.54 930,083,515.49 111 114 1,380,312,265.64 1,499,183,280.62 29,075,895.16 30,156,814.50 115 663,225,214.00 663,225,214.00 116 117 663,225,214.00 663,225,214.00 118 659,687,070.62 659,687,070.62 119 18,904,968.07 18,904,968.07 120 18,904,968.07 18,904,968.07 121 68,994,484.70 10,204,738.34 122 1,272,822,767.99 1,331,612,514.35 135 2,682,210,928.79 2,860,952,609.47 23

: 2004630 1 151,812,126.59 312,469,963.79 2 3 2,050,000.00 4 5 6 17,593,822.39 8,534,588.91 7 12,917,005.79 10,480,428.70 8 9,148,075.43 12,127,575.42 9 10 83,748,765.02 45,287,783.81 11 565,718.14 5,262,338.24 21 24 31 277,835,513.36 394,162,678.87 32 655,062,814.59 679,415,291.48 34 38 655,062,814.59 679,415,291.48 39 1,467,788,002.42 1,479,577,812.66 40 978,031,469.15 1,009,477,924.59 41 489,756,533.27 470,099,888.07 42 15,815,722.73 15,815,722.73 43 473,940,810.54 454,284,165.34 44 45 401,540,847.48 460,507,426.75 46 50 875,481,658.02 914,791,592.09 51 71,901,591.11 71,091,591.11 52 814,743.45 614,743.45 53 60 72,716,334.56 71,706,334.56 61 67 1,881,096,320.53 2,060,075,897.00 24

68 90,000,000.00 69 70 158,518,062.50 153,642,530.05 71 101,486,398.79 28,637,074.30 72 652,897.40 73 5,291,515.71 6,104,691.05 74 75 6,348,232.06 2,103,075.39 80 263.86 81 102,255,941.62 68,900,907.86 82 490,373.02 83 86 90 100 351,273,552.54 333,463,382.65 101 257,000,000.00 395,000,000.00 102 103 106 108 110 257,000,000.00 395,000,000.00 111 114 608,273,552.54 728,463,382.65 115 663,225,214.00 663,225,214.00 116 117 663,225,214.00 663,225,214.00 118 659,687,070.62 659,687,070.62 119 18,904,968.07 18,904,968.07 120 18,904,968.07 18,904,968.07 121 68,994,484.70 10,204,738.34 122 1,272,822,767.99 1,331,612,514.35 135 1,881,096,320.53 2,060,075,897.00 25

200416 200316 2003112 1 764,891,232.99 773,542,966.90 1,564,008,463.29 4 596,797,932.52 629,953,717.32 1,283,861,576.94 5 3,761,258.96 3,855,925.99 7,484,802.15 10 164,332,041.51 139,733,323.59 272,662,084.20 : 11 367,220.79 4,952,327.32 4,925,770.47 14 15,495,294.30 13,639,088.82 25,273,331.04 15 59,270,387.75 50,113,018.80 111,268,688.59 16 22,978,942.51 59,837,979.62 111,455,966.43 18 66,220,196.16 11,190,909.03 19,738,327.67 19 150,000.00 22 9,866,000.00 1,763,521.52 1,763,521.52 23 971,610.82 25,916.46 25 2,214,906.02 789,886.07 2,980,240.12 27 74,842,900.96 12,190,460.94 18,671,609.07 28 14,443,903.02 8,779,631.97 12,831,476.32 29 1,609,251.58 724,011.64 1,068,681.06 30 58,789,746.36 2,686,817.33 4,771,451.69 :31 68,994,484.70 74,078,344.01 73,765,936.39 32 33 10,204,738.34 71,391,526.68 68,994,484.70 34 35 36 37 38 39 40 10,204,738.34 71,391,526.68 68,994,484.70 41 42 43 44 45 10,204,738.34 71,391,526.68 68,994,484.70 1 2 3 4 5 6 26

: 200416 200316 2003112 1 439,514,754.15 436,515,885.95 870,126,926.34 4 366,341,380.47 412,186,619.88 816,568,513.68 5 659,833.34 415,632.13 503,363.96 10 72,513,540.34 23,913,633.94 53,055,048.70 : 11 300,464.44 4,576,655.76 7,526,766.71 14 8,445,191.31 7,759,479.11 6,482,641.13 15 29,961,614.75 21,987,394.15 51,634,481.47 16 10,028,719.83 2,923,174.41 5,774,905.20 18 23,777,550.01 13,333,069.49 18,363,745.81 19 36,255,491.55 16,311,556.43 24,076,755.69 22 23 971,610.82 25,916.46 25 2,214,906.02 317,586.07 941,558.19 27 58,789,746.36 2,686,817.33 4,771,451.69 28 29 30 58,789,746.36 2,686,817.33 4,771,451.69 :31 68,994,484.70 74,078,344.01 73,765,936.39 32 33 10,204,738.34 71,391,526.68 68,994,484.70 34 35 36 37 38 39 40 10,204,738.34 71,391,526.68 68,994,484.70 41 42 43 44 45 10,204,738.34 71,391,526.68 68,994,484.70 1 2 3 4 5 6 27

20046 1 698,715,930.42 3 9,866,000.00 8 5,853,642.99 9 714,435,573.41 10 486,989,109.04 12 39,424,340.20 13 57,911,178.18 18 22,081,288.06 20 606,405,915.48 21 108,029,657.93 22 3,000,000.00 23 25 942,154.00 28 29 3,942,154.00 30 86,541,905.98 31 35 100,000.00 36 86,641,905.98 37 82,699,751.98 38 40 539,100,000.00 43 424,859.00 44 539,524,859.00 45 318,902,661.64 46 25,413,939.74 52 328,738.23 53 344,645,339.61 54 194,879,519.39 55 56 220,209,425.34 28

1 57 58,789,746.36 58 59 1,609,251.58 60 84,524,353.37 61 1,460,506.84 62 1,011,499.30 64 3,697,775.11 65 27,643,652.43 66 67 68 22,978,942.51 69 70 71 39,304,147.94 72 6,391,426.50 73 131,986,093.79 74 75 108,029,657.93 2 76 77 78 79 384,642,666.38 80 164,433,241.04 81 82 83 220,209,425.34 29

20046 1 357,606,197.40 3 8 5,861,279.86 9 363,467,477.26 10 283,589,075.72 12 15,752,639.27 13 8,328,448.14 18 3,725,167.21 20 311,395,330.34 21 52,072,146.92 22 23 25 942,154.00 28 29 942,154.00 30 67,905,685.06 31 35 36 67,905,685.06 37 66,963,531.06 38 40 228,000,000.00 43 178,941.01 44 228,178,941.01 45 42,422,058.83 46 10,207,660.84 52 53 52,629,719.67 54 175,549,221.34 55 56 160,657,837.20 30

1 57 58,789,746.36 58 59 32,540,996.32 60 800,000.00 61 200,000.00 64 4,696,620.10 65 490,373.02 66 67 68 10,028,719.83 69 70 71 38,460,981.21 72 5,665,605.52 73 90,207,655.24 74 75 52,072,146.92 2 76 77 78 79 312,469,963.79 80 151,812,126.59 81 82 83 160,657,837.20 31

20021231 20031231 11,366,082.81 11,366,082.81 5,918,399.10 5,918,399.10 5,447,683.71 5,447,683.71 95,009.47 95,009.47 95,009.47 95,009.47 56,630,796.15 56,630,796.15 3,253,638.05 3,253,638.05 5,002,214.07 5,002,214.07 13,436,398.62 13,436,398.62 19,509,296.25 19,509,296.25 6,883,329.82 619372.35 6,263,957.47 8,439,721.55 8,439,721.55 106,134.60 106,134.60 63.19 63.19 136,623.89 136,623.89 136,623.89 136,623.89 68,228,512.32 619372.35 67,609,139.97 32

2. 12.3408 12.6194 0.2478 0.2478 4.9729 5.0852 0.0998 0.0998 4.4149 4.5146 0.0886 0.0886 4.3383 4.3383 0.0871 0.0871 (1) = = (2) (ROE) ROE P E 0 +NP2+E i M i M 0 E j M j M 0 P NP E 0 E i E j M 0 M i M j (3) EPS EPS P S 0 +S 1 +S i M i M 0 S j M j M 0 P S 0 S 1 S i S j M 0 M j M i 33