,. 02 03 04 05 06 07 08 14 15 16 16
SHENZHEN Special Economic Zone Real Estate&Properties (Group).co. Ltd SPG 47 (0755)82293000-4718 4715 (0755)82294024 spg@163.net 47 45 48 518001 spg@163.net http://www.cninfo.com.cn 47 000029 200029 1980 1 8 4403011002426 440301192179585 2007 8 1
12,543,671 11,351,725 21,757,219 187,353,804 10,779,291 2,460,253 10,375,775 187,636-479,993 188,362,259 72,339,049 : 10,113,136.66 1,219,338.41 1,699,331.56 187,636.00 10,405,493.81 A B 33,607 1,007,303 (16,998) (71,380) (627) (1,903) (2,006) (2,217) -- 202,149 (1,397) 5,696 (1,227) (266) 11,352 1,139,382 2003 2002 2002 2001 96,238.36 74,805.2 74,805.2 61,625.1 1,135.2 1,404.4 1,404.4-53,728.0 274,681.1 300,098.7 300,098.7 347,321.3 113,938.2 112,683.2 103,309.0 101,908.2 -- 0.0112 0.0139 0.0139-0.5311 -- 0.0112 0.0139 0.0139-0.5311 -- 0.0215-0.1638-0.1638-0.4908 1.1263 1.1138 1.0212 1.0073 2
1.0861 1.0994 1.0068 1.4962 0.1862 0.0769 0.0769 0.1291 -- (%) 1.00 1.25 1.36 4.78 -- (%) 1.00 1.25 1.37 4.82 ( ( ) ( ) ( ) ( ) ( ) 101,166 95,543.14 11,891.07 11,559.44-92,794.00-3,123.00 112,683.20 0 122.65. 0 0 1,135.17 1,257.82 0 0 0 0 0 2.81 2.81 101,166 95,665.79 11,891.07 11,559.44-91,658.83-3,125.81 113,938.21 2003 12 31 1 +,-) 743,820,000 743,820,000 2 3 4 743,820,000 743,820,000 1 147,840,000 147,840,000 2 120,000,000 120,000,000 3 4 267,840,000 267,840,000 1,011,660,000 1,011,660,000 3
1 2 3 1994 8 1 2003 12 31 A 89254 B 23351 112605 2 2003 12 31 5% 2003 12 31 % 1 74,382.00 73.5247 2 95.30 0.0942 3 SKANDIA GLOBAL FUNDS PLC 84.22 0.0832 4 CHU KOON YUK 72.00 0.0712 5 SHUM YIP KWAN WING DEVELOPMENT LTD 62.36 0.0616 6 LAI KONG SUNG 62.11 0.0614 7 ORE BURNS AUSTRALIA PTY LIMITED 60.00 0.0572 8 57.88 0.0572 9 44.00 0.0435 10 BEST RELIANCE INVESTMENTS LTD 37.22 0.0368 1 2 8 A B 3 2003 12 31 10% 1996 15 4 2003 53 2003 1 2006 1 5000 5000 51 2003 1 2006 1 0 0 49 2003 1 2006 1 0 0 4
57 2003 1 0 0 60 2003 1 2006 1 0 0 51 2003 1 2006 1 0 0 55 2003 1 2006 1 0 0 49 2003 1 2006 1 0 0 40 2003 1 2006 1 0 0 39 2003 1 2006 1 0 0 68 2002 6 2005 6 0 0 71 2002 6 2005 6 0 0 48 2003 1 2006 1 0 0 44 2003 1 2006 1 0 0 45 2003 1 2006 1 0 0 43 2003 8 2006 8 0 0 36 2003 1 2006 1 0 0 44 2003 1 2006 1 0 0 32 2003 1 2006 1 0 0 32 2003 1 2006 1 0 0 2003 197 51 45 15 4 10 15 9 10 2 2002 6 2003 3.6 2003 1 2003 8 2003 2480 1109 330 461 243 337 262 233 309 1676 212 5
1 2 3 4 5 6 7 6
2003 2003 1 28 9:30 48 3 74382.1 73.52% A 74382.1 73.52 % B 1 2 3 2003 1 29 2003 6 30 9:00 48 1 74382 73.52% A 74382 73.52 % B 1 2002 2 2002 3 2002 4 5 2003 7 1 2003 1 28 1 2003 7
43 96,238 74,805 21,433 28.65 1,254 265 17.45% 1,135 269 19.16% 2 324,939,204.42 218,666,854.34 217,504,777.08 163,795,154.91 107,434,427.34 54,871,699.43 76,850,372.81 91,246,445.62 27,335,775.02 32,453,744.99 49,514,597.79 58,792,700.63 92,777,723.35 73,147,158.43 83,084,763.59 64,070,801.35 9,692,959.76 9,076,357.08 64,341,831.57 62,322,291.49 58,055,974.55 57,559,536.93 6,285,857.02 4,762,754.56 11,993,595.37 17,527,905.98 13,562,670.34 14,009,990.78 (1,569,074.97) 3,517,915.20 409,822,827.62 299,417,848.86 395,803,174.47 283,626,745.47 14,019,653.15 15,791,103.39 16,713,905.32 12,518,977.38 3,728,866.96 3,506,018.71 12,985,038.36 9,012,958.67 35,055,907.42 26,795,389.12 52,495,258.28 24,029,640.97 (17,439,350.86) 2,765,748.15 962,383,553.04 748,052,092.98 746,580,743.73 594,992,352.17 215,802,809.31 153,059,740.81 (1) 10,627, 2003 6 91 3,788 1,514 2,274 (2) 1,440, (3) 1,963, 4 202, 5 554 6 11,040 7 18,735 12,898 5,837 31.15 28.65 1.96% 3 8
269,325,724.81-4,154,816.40-4,154,816.40 151,833,237.19 863,658.97 863,658.97 3,175,960.00 152,190.39 83,558.74 92,777,723.35 1,999,934.31 1,905,321.03 11,993,595.37-6,614,577.40-6,452,207.69 37,883,025.00 11,705,395.35 9,957,972.70 1,574,368.00 101,646.86 67,819.15 747,872.00-490,876.00-490,876.00 5,480,813.96-2,425,786.69-2,377,924.06 1,862,327.00 154,929.77 154,929.77 1,527,267.60-20,113.29-21,382.21 76,001,012.02 4,630,671.19 3,969,284.96 36,765,201.72-2,847,135.80-2,847,135.80 7,310,294.29 2,888,920.52 2,888,920.52 - -80,499.40-80,499.40 22,143,460.45-23,211,259.18-23,211,259.18 169,197,758.76 17.58% 40,406,235.00 26,599,999.00 31,672,452.97 33,056,032.93 37,463,038.86 169,197,758.76 1% 9
2003 12 31 274,681 300,099 25,418 8.5% 1 210,936 222,753 11,817 5.3 34.84% 31.07% 14,892 10,392 22,783 11,364 2 24,610 31,266 6,656 21.29% 10
3 32,867 40,999 8,132 4 5,729 4,421 1,308 29.59 5-10,560 10,392-55% 2003 12 31 161,526 188,033 26,507 14.1% 12,275 67 OO [2001]314-93,742,251.23 2003 12 31 113,938 112,683 1,255 1.11 11
1 2004 2004 1 12112 54000 28 12 18 2004 2 5314 49021 29 2004 2 3 4 2003 12
1 1 28 10 2003 1 29 2 4 15 10 2002 A B 2002 4 19 3 5 30 10 5 31 4 4 15 2003 5 8 25 2003 8 27 2002 2003 11,351,725 33,607,000-916,588,313 2003 2003 13
1 2003 1 28 2 2003 4 15 2002 2002 3 2003 6 30 4 2003 8 26 2003 1 2003 2 2003 3 2003 4 2002 2003 2003 7 19 14
5% 2003 2001 2002 88 1 2 3 2004 4 30 15
1 1 2-3 2 4 3 5-6 4 7-11 5 12-13 14-61 62 16
SHENZHEN NANFANG-MINHE CERTIFIED PUBL ACCOUNTANTS Add 2072 7 8 Tel 755 83781212 83781481 Fax 755 83781481 83781212 E-mail:NFHE@szscpa.com www.szscpa.com 2004 CA428 2003 12 31 2003 2003 12 31 2003 17
. 2004 4 27 18
2003 12 31 12/31/2003 12/31/2002.1 262,808,561.34 249,340,886.37.2 1,704,714.79 1,675,401.36.3 176,314,215.98 129,574,502.12.4 111,339,413.93 189,170,231.06.5 14,932,717.86 19,788,612.37.6 1,533,351,600.29 1,631,317,014.01.7 8,909,746.48 6,666,250.46 2,109,360,970.67 2,227,532,897.75.8 196,576,359.33 263,499,077.18.8 49,527,440.99 49,165,667.68 246,103,800.32 312,664,744.86.9 492,053,935.39 591,805,099.41.9 200,198,810.50 218,623,855.13 291,855,124.89 373,181,244.28.9 1,444,668.90 1,444,668.90 290,410,455.99 371,736,575.38.10 38,256,853.49 38,256,853.49 328,667,309.48 409,993,428.87.11 57,291,805.73 44,211,836.62.12 5,387,555.94 6,583,599.80 62,679,361.67 50,795,436.42 - - 2,746,811,442.14 3,000,986,507.90 19
12 31 2003 12/31/2003 12/31/2002.13 669,222,317.22 797,487,867.10-4,300,000.00.14 77,916,852.02 113,324,369.83.15 210,554,731.40 190,912,718.21 3,248,290.24 2,483,225.98 12,621,810.64 9,144,260.39.3 138,764,000.00 138,764,000.00.16 4,011,487.73 5,922,653.64 137,711.53 38,122.05.17 348,850,113.97 426,221,292.54.18 88,561,895.11 98,689,600.97.19 7,784,946.52 37,274,347.05 1,561,674,156.38 1,824,562,457.76.20 35,000,000.00 -.21 18,071,580.54 54,740,524.97.22 515,100.00 1,030,200.00 53,586,680.54 55,770,724.97 1,615,260,836.92 1,880,333,182.73 (7,831,511.84) (6,178,677.23).23 1,011,660,000.00 1,011,660,000.00.24 956,657,875.93 955,431,361.71.25 118,910,686.94 118,910,686.94.25 115,594,426.18 115,594,426.18.26 (916,588,313.01) (927,940,038.50) (31,258,132.80) (31,230,007.75) 1,139,382,117.06 1,126,832,002.40 2,746,811,442.14 3,000,986,507.90 2003 : 2003 2002 20
.27 962,383,553.04 748,052,092.98.27 746,580,743.73 594,992,352.17 28,449,005.28 24,075,645.30 187,353,804.03 128,984,095.51.28 10,779,291.05 19,281,308.47 26,975,791.93 29,318,945.36 123,401,766.73 161,944,391.48.29 45,295,282.79 97,066,072.83 2,460,253.63 (140,064,005.69).30 10,375,775.13 155,876,752.96.31 187,636.00 -.32 1,219,338.41 3,264,454.32.33 1,699,331.56 3,886,115.35 12,543,671.61 15,191,086.24 2,444,780.73 1,722,697.41 (1,252,834.61) (575,668.23) 11,351,725.49 14,044,057.06 (927,940,038.50) (941,984,095.56) - - (916,588,313.01) (927,940,038.50) - - - - (916,588,313.01) (927,940,038.50) - - - - - - (916,588,313.01) (927,940,038.50) 2003 2002 1 (10,113,136.66) 180,342,548.95 2 - - 3 - - 4 - - 5 - - 6 - - 2003 2003 984,417,068.06 784,430.01.34 140,677,342.18 1,125,878,840.25 689,368,231.86 21
95,848,191.91 47,726,512.98.35 104,573,643.92 937,516,580.67 188,362,259.58 35,633,300.00 35,629,500.00 11,849,174.53 9,214,648.82-56,697,123.35 12,893,614.70 - - 12,893,614.70 43,803,508.65-686,262,906.31-686,262,906.31 797,000,066.19 49,061,513.35-846,061,579.54 (159,798,673.23) (28,046.00) 72,339,049.00 2003 2003 1 11,351,725.49 (1,252,834.61) 6,824,655.63 24,418,160.32 1,524,005.01 2,492,441.53 22
(2,243,496.02) 58,871,374.02 (10,127,705.86) (553,197.79) 39,771.58 48,461,513.35 (10,375,775.13) 101,496,313.63-49,248,833.96 (91,813,525.53) - 188,362,259.58 2 - - - 3 175,187,106.95 102,848,057.95 - - 72,339,049.00 12 31 2003 12/31/2003 12/31/2002 109,842,355.55 137,372,999.90 403,211.25 403,211.25.1 112,271,777.14 64,566,659.79.2 747,197,274.73 874,838,811.23.3 1,139,245,095.68 1,164,888,555.67 8,383,089.63 6,441,350.76 2,117,342,803.98 2,248,511,588.60 23
.4 312,459,854.02 361,507,901.06 - - 312,459,854.02 361,507,901.06 116,357,397.49 159,408,927.54 39,142,006.80 57,853,487.20 77,215,390.69 101,555,440.34 1,400,491.00 1,400,491.00 75,814,899.69 100,154,949.34 38,256,853.49 38,256,853.49 114,071,753.18 138,411,802.83 - - 1,655,175.22 2,384,750.22 1,655,175.22 2,384,750.22 - - 2,545,529,586.40 2,750,816,042.71 12 31 2003 12/31/2003 12/31/2002 594,198,350.00 656,206,600.00 - - 4,245,900.60 42,558,876.40 162,556,117.42 127,802,446.52 30,000.00 75,821.00 9,943,483.15 4,657,684.00 138,764,000.00 138,764,000.00 5,074,466.52 4,693,553.55 12,396.94 3,541.42 393,193,301.29 517,352,093.48 70,238,402.68 92,795,112.64-2,283,300.53 1,378,256,418.60 1,587,193,029.54 24
- - - - - - 1,378,256,418.60 1,587,193,029.54 1,011,660,000.00 1,011,660,000.00 - - 1,011,660,000.00 1,011,660,000.00 956,657,875.93 955,431,361.71 113,936,295.79 113,936,295.79 113,936,295.79 113,936,295.79 (914,981,003.92) (917,404,644.33) 1,167,273,167.80 1,163,623,013.17 2,545,529,586.40 2,750,816,042.71 2003 2003 2002.5 277,037,577.70 188,185,770.13.5 155,347,694.65 126,003,117.26 14,064,618.03 9,575,431.43 107,625,265.02 52,607,221.44 28,155.60 44,110.43 2,312,993.77 5,046,995.06 57,035,758.75 (58,295,689.55) 34,057,075.50 83,013,499.16 14,247,592.60 22,886,527.20.6 (12,254,946.65) (6,174,193.32) - - 695,644.63 722,015.74 264,650.17 849,648.82 2,423,640.41 16,584,700.80 - - 2,423,640.41 16,584,700.80 (917,404,644.33) (933,989,345.13) - - (914,981,003.92) (917,404,644.33) 25
- - - - (914,981,003.92) (917,404,644.33) - - - - - - (914,981,003.92) (917,404,644.33) 2003 2002 1 (10,113,136.66) - 2 3 4 5 6 2003 2003 154,788,609.53-285,804,661.14 440,593,270.67 82,490,397.94 30,161,892.98 24,090,472.62 223,266,019.86 360,008,783.40 80,584,487.27 35,629,500.00 35,629,500.00 13,175,117.71 2,144,008.00-50,948,625.71 737,502.00 26
- - 737,502.00 50,211,123.71-594,918,290.00-594,918,290.00 656,926,540.00 40,136,527.74 697,063,067.74 (102,144,777.74) 28,650,833.24 27
2003 2003 1 2,423,640.41 (933,553.62) 5,341,737.89-750,000.00 (1,941,738.87) 56,181,477.59 (22,556,709.96) (503,258.14) - 40,136,527.74 12,254,946.65 39,775,957.76-69,596,144.49 (119,940,684.67) - 80,584,487.27 2 - - - 2 41,900,391.39 13,249,558.15 - - 28,650,833.24 28
2003 320,273,775.70 8,354,870.65-105,666,255.60 105,666,255.60 222,962,390.75 3,351,292.30 1,220,876.62-62,700.00 62,700.00 4,509,468.92 *1 316,922,483.40 7,133,994.03-105,603,555.60 105,603,555.60 218,452,921.83 - - - - - - - - - - - - - - - - - - 691,397,483.03 - - 113,639,420.00 113,639,420.00 577,758,063.03 832,946.52 - - - - 832,946.52 *2 642,048,690.00 - - 113,639,420.00 113,639,420.00 528,409,270.00 18,400,846.51 - - - - 18,400,846.51 30,115,000.00 - - - - 30,115,000.00 413,968,228.11 - - 2,367,153.14 2,367,153.14 411,601,074.97 219,219,164.15 - - 2,367,153.14 2,367,153.14 216,852,011.01 194,749,063.96 - - - - 194,749,063.96 1,444,668.90 - - - - 1,444,668.90 1,312,940.94 - - - - 1,312,940.94 48,134.41 - - - - 48,134.41 67,587.58 - - - - 67,587.58 16,005.97 - - - - 16,005.97 4,170,147.33 - - - - 4,170,147.33 4,170,147.33 - - - - 4,170,147.33 - - - - - - - - - - - - *1-105,603,555.60 103,919,483.21 *2-55% 29
2003 2 2003 2002 1,011,660,000.00 1,011,660,000.00 - - - - - - - - - - - - 1,011,660,000.00 1,011,660,000.00 955,431,361.71 955,357,440.56 1,226,514.22 73,921.15 - - - - - - 1,226,514.22 73,921.15 - - - - - - - - - - 956,657,875.93 955,431,361.71 3,316,260.76 3,316,260.76 - - - - - - - - - - - - - - - - - - - - - - - - 3,316,260.76 3,316,260.76 3,316,260.76 3,316,260.76 - - - - 115,594,426.18 115,594,426.18 - - - - - - - - 115,594,426.18 115,594,426.18 (927,940,038.50) (941,984,095.56) - 11,351,725.49 14,044,057.06 - - - (916,588,313.01) (927,940,038.50) 30
( ) (1993)724 1,011,660,000 891,660,000 120,000,000 1,011,660,000.00 1 2 1 1 12 31 3 4 5 6 1
7 8 9 :a., ;b. 10 2
11 50% 50% 20% 50% 20% 20% 12 2000 3
( 5%) 30 3.17% 7 13.57% 6 15.83% 5 19% 13 14 1, : a. b. c. 2 3,, 3, 15 4
10 5 10 16 17 18 19 50% 50% 5
20 [1998]14 - [2003]12-2003 7 1 [2003]12 21 2001 94 OO [2001]314-93,742,251.23 2001 5 3 17 1 * * -- -- 15 33 17.50 6
1 20,000,000 20,000,000 -- 100% -- 20,000,000 19,000,000 1,000,000 95% 5% 10,000,000 9,500,000 500,000 95% 5% 7,250,000 6,887,500 362,500 95% 5% 5,000,000 10,000,000 4,750,000 250,000 95% 5% 9,000,000 1,000,000 90% 10% 10,290,000 11,809,500 -- 100% -- 10,000,000 7,300,000 2,700,000 73% 27% 42,500,000 29,750,000 12,750,000 70% 30% 30,000,000 20,430,000 9,570,000 68.1% 31.9% 8,000,000 6,000,000 -- 75% -- 20,000,000 HKD 1,000,000 14,000,000 -- 70% -- HKD 1,000,000 -- 100% -- HKD 1,000,000 HKD 820,000 -- 82% -- USD500,000 USD350,000 -- 70% -- HKD 1,000,000 HKD 200,000 HKD 1,000,000 20% 80% HKD 10,000 -- HKD 10,000 -- 100% HKD 1,000,000 -- 744,171 -- 100% HKD 10,000 -- HKD 8,000 -- 80% HKD 1,000,000 -- HKD 550,000 -- 55% US$4,000,000 -- US$4,000,000 -- 55% HKD 40,000,000 -- HKD 37,250,000 -- 93.1% HKD 39,800,000 -- HKD 39,800,000 -- 100% HKD 10,000 -- HKD 10,000 -- 82% US$6,000,000 -- US$6,000,000 -- 82% 500,000.00 -- 500,000.00 -- 100% 600,000.00 -- 600,000.00 -- 100% US$10,000,000.00 55,483,888.90 21,228,000.00 75% 25% 2,000,000.00 -- 1,800,000.00 -- 90% 2 7
13,710,000.00 3,000,000.00 5,958,305.26 -- 100% -- 4,500,000.00 -- 100% -- 2,210,000.00 6,542,164.49 -- 100% -- 10,000,000.00 10,000,000.0 -- 100% -- 0 30,000,000.00 30,000,000.0 0 -- 100% -- 500,000.00 500,000.00 -- 100% -- HKD 500,000.00 US$200,000.00 906,630.00 -- 60% -- 201,100.00 -- 100% -- JOD 1,000.00 4,526.25 -- 75% -- 2,680,000.00 2,680,000.00 -- 100% -- US$8,000,000.00 -- 121,265,000.00 -- 90% * DERGETTA CO.,LTD HKD 10,000.00 -- 7,429.80 -- 70% 20,000,000.00 2,965,985.64 -- 95% 5%.8 * 1998 3 70,153,339.19 30,859,106.01 * 2,500,000.00 50.00% 2,000,000.00 50.00% 9,969,206.09 9,600,000.00 9,455,465.38 29,510,979.87 50.00% 9,494,754.18 25,473,600.00 8
18,799,905.25.8 * 4 2003.12.31 2002.12.31 1,540,053.28 14,892,762.01 2,000,000.00 62,571,274.69 1,459,649.68 14,667,330.26 2,000,000.00 62,343,104.49 80,403.60 225,431.75 -- 228,170.20 18,679.61 22,411,791.53 -- 46,879,045.03 18,679.61 22,411,791.53 -- 46,879,045.03 1,521,373.67 (7,519,029.52) 2,000,000.00 15,692,229.66 2003 2002 384,743.22 22,143,460.45 -- 176,910,483.34 117,719.30 38,772,799.58 -- 188,467,688.18 (478,606.04) (23,238,315.84) -- (47,465,837.95) (478,626.33) (23,211,259.18) -- (47,458,587.95) 1 2003.12.31 2002.12.31 RMB 845,223.20 845,223.20 3,065,247.05 3,065,247.05 HKD 596,860.30 1.0614 633,539.41 350,831.19 1.0614 372,647.21 USD 2,100.00 8.2781 17,384.01 2,000.00 8.2767 16,556.20 1,496,146.62 3,454,450.46 RMB 160,382,638.3 160,382,638.3 81,361,238.22 81,361,238.22 9
0 0 HKD 10,101,790.06 1.0614 10,722,166.65 10,474,000.96 1.0614 11,117,105.04 USD 179,164.36 8,2781 1,482,727.57 733,334.17 8.2767 6,074,954.50 CAD 135,740.67 6.3684 864,450.88 126,029.46 5.2524 661,957.13 AUD 38,619.65 6.1880 238,976.93 38,120.12 4.6787 178,352.60 173,690,960.33 99,393,607.49 RMB 46,531,498.31 46,531,498.31 98,381,146.55 98,381,146.55 HKD 16,095,219.60 1.0614 17,083,466.08 21,930,728.97 1.0614 23,277,381.87 USD 2,900,000.00 8.2781 24,006,490.00 3,000,000.00 8.2767 24,834,300.00 87,621,454.39 146,492,828.42 262,808,561.34 249,340,886.37 2 2003.12.31 2002.12.31 1,701,614.79 -- 1,668,501.36 -- 1,701,614.79 -- 1,668,501.36 -- 3,100.00 -- 6,900.00 -- -- -- -- -- 3,100.00 -- 6,900.00 -- 1,704,714.79 -- 1,675,401.36 -- * 2003 12 31 3,604,599.31 3 2003.12.31 2002.12.31 % % 1 136,176,892.41 75.31 994,311.85 123,589,491.34 92.98 1,132,627.52 1-2 12,811,836.70 7.09 91,196.77 5,389,464.95 4.05 538,946.50 2-3 2,323,871.14 1.29 153,751.68 1,468,503.93 1.10 440,551.18 3 29,511,084.65 16.31 3,270,208.62 2,478,334.20 1.87 1,239,167.10 180,823,684.90 100 4,509,468.92 132,925,794.42 100 3,351,292.30 5% 5%.3 85,294,204.48 47.17% 10
36.03% 34.56% 4 2003.12.31 2002.12.31 % % 1 39,787,950.19 12.06 821,575.93 61,144,827.09 12.08 6,114,482.71 1-2 23,766,422.33 7.21 21,628,604.31 144,127,551.39 28.48 28,825,510.28 2-3 28,537,132.27 8.65 11,346,129.11 9,611,803.27 1.90 2,883,540.98 3 237,700,830.97 72.08 184,656,612.48 291,208,532.71 57.54 279,098,949.43 329,792,335.76 100 218,452,921.8 3 506,092,714.46 100 316,922,483.40 34.84% 31.07% 148,919,483.21 103,919,483.21 5% 5%.3 179,134,672.24 54.32% 5 2003.12.31 2002.12.31 % % 1 14,482,009.07 96.98 19,119,125.59 96.62 1-2 162,880.00 1.09 418,807.99 2.11 2-3 7,500.00 0.05 -- -- 3 280,328.79 1.88 250,678.79 1.27 14,932,717.86 100 19,788,612.37 100 11
6 2003.12.31 2002.12.31 1,206,638,222.82 528,409,270.00 1,409,714,818.68 642,048,690.00 224,608,435.91 18,400,846.51 260,500,908.45 18,400,846.51 638,348,293.45 30,115,000.00 615,940,826.46 30,115,000.00 30,190,286.70 592,946.52 25,847,735.29 592,946.52 4,275,178.00 240,000.00 4,661,401.64 240,000.00 259,984.04 -- 196,229.71 -- 6,789,262.40 -- 5,852,576.81 -- 2,111,109,663.32 577,758,063.03 2,322,714,497.04 691,397,483.03 1 2000 9 2,530.00 14,657,281.18 -- -- *1 122,664,021.00 122,635,954.00 104,723,917.00 1993 4 53,172.52 465,173,367.77 478,638,119.10 273,628,246.00 *2 1994 8 166,109,047.00 166,109,047.00 69,907,107.00 1994 5 2004 11 23,000.00 73,301,630.63 46,933,616.33 -- 1994 9 2005 3 10,000.00 27,016,703.43 34,021,284.83 8,400,000.00 2000 6 2004 1 12,390.00 92,137,183.98 118,593,809.17 -- - 2002 12 2007 12 14,000.00 92,060,900.10 93,138,652.86 -- *3 1993 9 22,726.00 150,888,453.87 146,567,739.53 71,750,000.00 *4 1992 12 205,706,229.72 -- -- 1,409,714,818.68 1,206,638,222.82 528,409,270 * 1.( )4 * 2.( )1 * 3 *4.28* 2 1998 4 1,254,795.00 -- 1,254,795.00 -- -- 2000 11 1,186,896.00 1,438,501.00 1,061,750.49 1,563,646.51 -- 2003 6 -- 22,746,328.59 20,985,265.26 1,761,063.33 -- /2000 11 56,845,554.65 -- 20,501,015.48 36,344,539.17 12,093,396.00 12
1999 5 18,301,321.77 -- -- 18,301,321.77 1,400,000.00 1994 2 29,407,412.12 -- 9,601,225.98 19,806,186.14 4,907,450.51 1994 5 27,896,225.71 1,025,258.23 26,870,967.48 -- 1985 9 42,292,055.34 551,770.67 42,843,826.01 -- -- 2002 3 3,260,393.48 -- -- 3,260,393.48 -- 2003 9 -- 34,863,882.34 29,753,630.96 5,110,251.38 -- 2001 10 9,219,331.02 1,312,367.39 8,057,500.91 2,474,197.50 -- 1996 7 4,516,550.75 2,902,207.23 -- 7,418,757.98 -- 1997 9 30,649,228.59 4,912,544.24 122,665.69 35,439,107.14 -- 2002 12 18,318,363.64 (2,186,745.15) 5,597,356.34 10,534,262.15 -- 2002 12 15,610,567.09 12,508,423.42 14,716,983.15 13,402,007.36 -- 1994 10 1,742,213.29 330,620.00 191,158.00 1,881,675.29 -- 2001 1 -- 40,440,059.23 -- 40,440,059.23 -- 260,500,908.45 119,819,958.96 155,712,431.50 224,608,435.91 18,400,846.51 3 414,032.57 -- 17,087.28 396,945.29 -- 2,524,170.16 -- 562,585.68 1,961,584.48 -- 3,349,766.86 -- 174,357.36 3,175,409.50 -- *1 2,340,345.25 14,132,497.77 87,829.68 16,385,013.34 -- 8,097,547.26 -- 400,014.45 7,697,532.81 -- 422,811.36 -- 422,811.36 -- -- 20,088,943.20 -- 554,457.00 19,534,486.20 -- 484,982.82 -- -- 484,982.82 -- 195,240.12 -- -- 195,240.12 -- 5,031,995.06 -- 206,425.92 4,825,569.14 -- 831,895.48 -- 21,813.36 810,082.12 -- 1,844,755.82 -- 3,124.00 1,841,631.82 -- *1 12,104,124.28 3,333,223.40 239,271.60 15,198,076.08 -- 13
1,575,945.18 -- 61,292.00 1,514,653.18 -- 3,140,508.16 -- 104,678.52 3,035,829.64 -- *2 423,081,830.79 2,528,983.81 15,707,991.31 409,902,823.29 30,115,000.00 *1 1,079,284.72 25,570,287.73 15,497,222.00 11,152,350.45 -- 3,197,933.20 -- -- 3,197,933.20 -- * 4,443,036.61 -- 4,443,036.61 -- -- *1 62,248,588.71 19,234,961.70 2,223,163.92 79,260,386.49 -- 59,443,088.85 -- 1,665,325.37 57,777,763.48 -- 615,940,826.46 64,799,954.41 42,392,487.42 638,348,293.45 30,115,000.00 *1 62,270,970.60 *2 4 832,946.52 -- -- 832,946.52 71,750,000.00 -- -- 71,750,000.00 113,639,420.00 -- 113,639,420.00 -- 273,628,246.00 -- -- 273,628,246.00 69,907,107.00 -- -- 69,907,107.00 30,115,000.00 -- -- 30,115,000.00 8,400,000.00 -- -- 8,400,000.00 104,723,917.00 -- -- 104,723,917.00 / 12,093,396.00 -- -- 12,093,396.00 4,907,450.51 -- -- 4,907,450.51 1,400,000.00 -- -- 1,400,000.00 691,397,483.03 -- 113,639,420.00 577,758,063.03 7 6,448,305.08 1,766,736.75 -- 8,215,041.83 121,636.17 210,113.37 244,293.00 87,456.54 6,300.29 35,925.00 19,650.00 22,575.29 69,880.18 5,061.70 -- 74,941.88 14
20,128.74 201,679.08 29,303.74 192,504.08 -- 865,298.56 548,071.70 317,226.86 6,666,250.46 3,084,814.46 841,318.44 8,909,746.48 8 * 482,718,241.33 4,160,188.34 73,450,059.33 413,428,370.34 99,902,729.41 -- 28,765,660.49 71,137,068.92 253,226,696.43 2,160,775.65 43,050,429.92 212,337,042.16 5,112,396.11 1,999,412.69 -- 7,111,808.80 124,476,419.38 -- 1,633,968.92 122,842,450.46 ** 243,914,731.64 361,773.31 -- 244,276,504.95 726,632,972.97 4,521,961.65 73,450,059.33 657,704,875.29 413,968,228.11 *** 1,076,954.64 3,444,107.78 411,601,074.97 312,664,744.86 246,103,800.32 * A 18,507,500.00 13.64% 16,825,000.00 16,825,000.00 * * 1999 7 22 2001 1 5 27,762,000.00 92,167,350.00 15
B 1993.3-2013.3 5,140,000.00 (10,286,521.70) (4,433,700.53) 706,299.47 30.00% -- *1 1990.10-2010.10 5,475,954.97 (7,711,403.63) (4,225,954.97) 1,250,000.00 25.00% 1,076,954.64 *2 1983-1994.8 5,958,305.26 -- (4,917,554.18) 1,040,751.08 100.00% 1,040,751.08 1993.10-1998.6 4,500,000.00 -- (1,945,470.91) 2,554,529.09 100.00% 2,554,529.09 1983.3-6,542,164.49 -- 1,637,839.14 8,180,003.63 100.00% 8,180,003.63 1983.10-2013.10 10,000,000.00 -- (10,000,000.00) -- 100.00% -- 1993.5-30,000,000.00 -- (30,000,000.00) -- 100.00% -- 1997.8-2012.8 500,000.00 -- (500,000.00) -- 100.00% -- 1988.6-906,630.00 -- (906,630.00) -- 60.00% -- 1987.9-201,100.00 -- (201,100.00) -- 100.00% -- 1988-2000.12 4,526.25 -- (4,526.25) -- 75.00% -- 1989.7-2,680,000.00 -- (2,680,000.00) -- 100.00% -- 121,265,000.00 -- (61,910,644.68) 59,354,355.32 90.00% 59,354,355.32 DERGETTA CO., LTD 7,429.80 -- -- 7,429.80 70.00% -- 1992.8-2022.8 70,153,339.19 (5,138,139.90) 10,973,491.15 81,126,830.34 18,892,047.99 1992.7-30,859,106.01 (37,912,291.03) (30,859,106.01) -- -- 1986.7-2006.5 2,500,000.00 -- 350,618.06 2,850,618.06 50.00% -- 1992.4-2,000,000.00 -- (554,574.44) 1,445,425.56 50.00% 1,445,425.56 1995.1-2025.1 10,500,000.00 -- -- 10,500,000.00 35.00% -- 1985.1-2002.12 9,600,000.00 -- -- 9,600,000.00 4,800,000.00 1990-2016 9,455,465.38 -- -- 9,455,465.38 9,455,465.38 29,510,979.87 2,160,775.65 4,765,472.99 34,276,452.86 50.00% -- 9,494,754.18 -- (655,215.57) 8,839,538.61 912,537.16 B 16
*3 25,473,600.00 -- -- 25,473,600.00 21,823,177.57 18,799,905.26 -- -- 18,799,905.26 18,799,905.25 2001.4-2016.4 1,800,000.00 -- (1,800,000.00) -- 45.00% -- 4,847,046.11 43,113.16 43,113.16 4,890,159.27 25.00% -- 265,350.00 0.06 0.06 265,350.06 20.00% -- 30,880,000.00 -- -- 30,880,000.00 2.00% -- 69,914,656.83 (236,619.28) (473,238.56) 69,441,418.27 58,547,652.25 529,204,519.69 (59,081,086.67) (138,297,181.54) 390,907,338.15 216,852,011.01 * 1 - [2000]174 2000 12 6 2002 514 200 100% 70% 2002 12 26 * 2 - [2001]14 2001 2 27 100 25 2001 12 24 * 3.( )2 C 13,973,496.34 10 1,397,348.64 5,696,032.19 ** 9,030,922.30 -- 9,030,922.30 *1 76,801,904.16 56,975,108.88 19,826,795.28 126,302,983.47 115,368,211.84 10,934,771.63 1,071,615.23 -- 1,071,615.23 17
31,047,002.66 22,405,743.24 8,641,259.42 DERGETTA CO. LTD 22,077.13 -- 22,077.13 244,276,504.95 194,749,063.96 49,527,440.99 * 1.( )2 *** 219,219,164. 15 1,076,954.64 3,444,107. 78 216,852,011. 01 74,573,746.9 *1 86,097,765.0 0 0 -- 3,444,107.78 -- -- 71,129,639.1 2 86,097,765.0 0 *1 -- 1,076,954.64 -- 1,076,954. 64 58,547,652.2 194,749,063. 5 96 -- -- -- -- 58,547,652.2 5 194,749,063. 96 413,968,228. 11 1,076,954.64 3,444,107. 78 411,601,074. 97 *1.8B*2 9 *1 *2 450,452,594.36 303,514.11 7,369,823.56 96,642,105.56 361,483,826.47 31,618,899.95 1,151,165.00 1,780,791.00 13,996,614.40 20,554,241.55 58,250,403.07 -- -- 1,271,936.78 56,978,466.29 51,483,202.03 538,385.33 2,187,071.69 1,171,257.97 53,037,401.08 591,805,099.41 1,993,064.44 11,337,686.25 113,081,914.71 492,053,935.39 154,026,144.63 261,338.40 20,091,649.14 31,083,649.62 143,295,482.55 18
24,598,251.40 1,082,927.90 1,960,191.69 11,993,007.56 15,648,363.43 17,281,445.32 -- 778,608.30 488,408.39 17,571,645.23 22,718,013.78 420,627.94 1,587,771.19 1,043,033.62 23,683,319.29 218,623,855.13 1,764,894.24 24,418,220.32 44,608,099.19 200,198,810.50 373,181,244.28 291,855,124.89 1,444,668.90 1,444,668.90 *3 371,736,575.38 290,410,455.99 * 1.4 * 2 62,270,970.60.6 3 * 3 1,312,940.94 -- -- -- 1,312,940.94 48,134.41 -- -- -- 48,134.41 67,587.58 -- -- -- 67,587.58 16,005.97 -- -- -- 16,005.97 1,444,668.90 -- -- -- 1,444,668.90 10 * 2840 38,256,853.49 -- -- -- 38,256,853.49 : -- -- 38,256,853.49 38,256,853.49 *.( ) 3 11 63,052,791.06 46,921,546.49 14,603,974.12 -- 771,083.49 2,298,353.94 60,754,437.12 4,600,000.00 1,305,363.00 -- -- 712,800.00 4,007,437.00 592,563.00 60 4 200,582.60 155,074.46 -- -- 40,121.52 85,629.66 114,952.94 2 48,381,983.95 14,603,974.12 -- 1,524,005.01 6,391,420.60 61,461,953.06 : 4,170,147.33 4,170,147.33 44,211,836.62 57,291,805.73 19
* 4,170,147.33 -- -- -- 4,170,147.33 12 5,487,393.03 3,613,419.01 1,200,329.53 1,633,633.11 2,307,277.60 3,180,115.43 3,905,175.22 2,384,750.22 20,425.00 750,000.00 2,250,000.00 1,655,175.22 912,769.33 585,430.57 75,643.14 108,808.42 360,504.04 552,265.29 10,305,337.58 6,583,599.80 1,296,397.67 2,492,441.53 4,917,781.64 5,387,555.94 13 2003.12.31 2002.12.31 3.78-6.3 396,920,060.00 396,920,060.00 463,000,000.00 463,000,000.00 2.8125 2,900,000.00 24,006,490.00 4,900,000.00 40,562,690.00 4.425 137,000,000.00 145,411,800.00 144,500,000.00 168,372,300.00 3.85-4.8675 101,881,693.81 101,881,693.81 125,552,877.10 125,552,877.10 3.53 121,267.20 1,002,273.41 -- -- 669,222,317.22 797,487,867.10 RMB13,140,000.00 5.85 14 5%.3 15 2003.12.31 2002.12.31 20
116,057,739. 55.12% 87,390,237.5 45.77% 1 35 5 12,594,946.32 5.98% 27,950,685.7 14.64% 1-2 1 26,049,733.40 12.37% 61,256,884.6 32.09% 2-3 8 55,852,312.33 26.53% 14,314,910.2 7.50% 3 7 210,554,731.40 100 190,912,718. 100 21 72,970,092.40 72,970,092.40 21.44% 37,330,595.81 6,559,712.92 81.29% -- 82,876,918.10 82.87% 22,723,212.60 10,095,938.74 61.03% 3,430,346.00 1,950,064.00 2005 1.18% 136,454,246.81 174,452,726.16 16 2003.12.31 2002.12.31 (318,510.93) (1,548,380.38) 5,795,532.77 4,129,868.69 (2,411,982.62) (222,619.92) 236,495.29 964,949.62 515,406.73 2,591,608.76 194,546.49 7,226.87 4,011,487.73 5,922,653.64 17 21
50,000,000.00 *1 46,365,000.00 *2 26,612,184.34 27,762,000.00 *3 *1 5% *2.( )1 *3.8A.3 18 2003.12.31 2002.12.31 53,391,450.72 51,022,447.72 30,913,703.4 3 39,043,376.62 1,665,884.93 6,677,323.16 1,356,569.42 726,220.13 544,445.34 544,445.34 689,841.27 675,788.00 88,561,895.11 98,689,600.97 19 2003.12.31 2002.12.31 * 7,784,946.52 37,274,347.05 ** 9.375 HKD 7,334,601.96 7,784,946.52 ** 22
20 2003.12.31 2002.12.31 5.2613 5.2813 2003.1.15-2006.1.05 20,000,000.00 20,000,000.00 2003.1,07-2005.1.06 15,000,000.00 15,000,000.00 -- -- -- -- 35,000,000.00 -- 21 Autoncourt Co.,Ltd 8,122,500.00 8,621,221.50 Heykar Investment Ltd 4,021,250.00 4,268,154.75 5,182,204.29 5,182,204.29 18,071,580.54 22 2003.12.31 2002.12.31 515,100.00 1,030,200.00 23 743,820,000.00 -- -- -- -- -- -- 743,820,000.00 : 743,820,000.00 -- -- -- -- -- -- 743,820,000.00 743,820,000.00 -- -- -- -- -- -- 743,820,000.00 147,840,000.00 -- -- -- -- -- -- 147,840,000.00 23
120,000,000.00 -- -- -- -- -- -- 120,000,000.00 267,840,000.00 -- -- -- -- -- -- 267,840,000.00 1,011,660,000.00 -- -- -- -- -- -- 1,011,660,000.00 24 557,433,036.93 -- -- 557,433,036.93 293,136,904.90 -- -- 293,136,904.90 10,870,200.00 -- -- 10,870,200.00 248,968.65 1,226,514.22 -- 1,475,482.87 * 93,742,251.23 -- -- 93,742,251.23 955,431,361.71 1,226,514.22 -- 956,657,875.93 *.21 25 3,316,260.76 -- -- 3,316,260.76 -- -- -- -- 3,316,260.76 -- -- 3,316,260.76 115,594,426.18 -- -- 115,594,426.18 118,910,686.94 -- -- 118,910,686.94 26 2003.12.31 2002.12.31 11,351,725.49 14,044,057.0 6 (927,940,038. 50) (941,984,095.56) -- -- -- -- -- -- -- -- (916,588,313. 01) (927,940,038.50) 24
11,351,725.49-927,940,038.50 916,588,313.01 27 2003 2002 2003 2002 2003 2002 324,939,204.42 218,666,854.34 217,504,777.08 163,795,154.91 107,434,427.34 54,871,699.43 82,643,276.95 91,246,445.62 27,335,775.02 32,453,744.99 55,307,501.93 58,792,700.63 92,777,723.35 73,147,158.43 83,084,763.59 64,070,801.35 9,692,959.76 9,076,357.08 64,341,831.57 62,322,291.49 58,055,974.55 57,559,536.93 6,285,857.02 4,762,754.56 11,993,595.37 17,527,905.98 13,562,670.34 14,009,990.78 (1,569,074.97) 3,517,915.20 409,822,827.62 299,417,848.86 395,803,174.47 283,626,745.47 14,019,653.15 15,791,103.39 10,921,001.18 12,518,977.38 3,728,866.96 3,506,018.71 7,192,134.22 9,012,958.67 35,055,907.42 26,795,389.12 52,495,258.28 24,029,640.97 (17,439,350.86) 2,765,748.15 962,383,553.04 748,052,092.98 746,580,743.73 594,992,352.17 215,802,809.31 153,059,740.81 2003 2002 2003 2002 2003 2002 989,381,294.1 793,259,810.3 617,356,667.7 153,509,419.6 7 770,866,087.43 0 7 196,121,483.87 6 8,058,166.29 3,981,394.67 5,816,191.71 1,665,325.37 2,241,974.58 2,316,069.30 35,055,907.42 26,795,389.12 52,495,258.28 24,029,640.97 (17,439,350.86) 2,765,748.15 962,383,553.0 746,580,743.7 594,992,352.1 153,059,740.8 4 748,052,092.98 3 7 215,802,809.31 1 169,197,758.76 17.58% 28 2003 2002 2003 2002 2003 2002 2003 2002 10,118,309.54 18,299,184.14 4,197,595.61 3,063,574.34 268,822.07 741,072.94 5,651,891.86 14,494,536.86 775,117.61 3,930,935.50 -- -- -- 125,282.33 775,117.61 3,805,653.17 146,114,591.2 2,224,800.0 150,000,000.00 -- -- -- 1,660,608.71 -- * 9 0 2,985,704.68 1,116,808.90 -- 88,346.29 294,031.81 47,344.17 2,691,672.87 981,118.44 163,879,131.83 23,346,928.54 150,312,186.9 3,151,920.63 2,787,653.8 913,699.44 10,779,291.05 19,281,308.47 25
0 8 * 55% 33933 150,000,000.00 227,831,649.72 113,639,420.00 31,922,361.57 2,224,800.00 29 2003 2002 51,828,162.13 107,647,233.71 6,414,070.52 10,629,350.33 788,318.91 935,234.46 1,045,518.21 1,374,142.01 138,390.48 487,097.00 45,295,282.79 97,066,072.83 53.34 30 2003 2002 60,745.03 56,241.98 -- 12,265,830.56 -- 25,803,352.81 3,977,837.41 (40,423,202.93) 1,397,348.64 (1,397,348.64) * 10,113,136.66 180,342,548.95 -- (351,847.82) -- 5,384,530.86 10,375,775.13 155,876,752.96 * -- 31 2003 2002 187,636.00 -- 26
32 2003 2002 90,855.02 2,719,481.58 2,400.00 28,113.20 589,187.67 186,482.97 536,895.72 330,376.57 1,219,338.41 3,264,454.32 33 2003 2002 1,125,846.58 2,747,546.27 46,522.52 948,026.29 75,311.46 47,480.05 50,000.00 44,000.00 401,651.00 99,062.74 1,699,331.56 3,886,115.35 34 2003 58,871,374.03 23,987,396.36 20,921,842.00 7,786,778.15 4,108,022.08 3,489,587.50 3,449,994.29 2,486,142.66 1,573,432.83 13,995,772.28 140,677,342.18 35 2003 19,692,233.63 16,380,000.00 11,340,351.33 27
7,399,687.65 5,977,925.94 5,445,837.41 5,265,977.09 4,295,468.18 3,943,694.79 2,355,150.89 2,224,808.89 1,748,317.05 1,242,822.91 1,209,174.69 1,171,824.59 1,053,177.17 1,008,136.30 1,007,916.47 982,422.88 886,900.00 824,592.28 695,603.65 547,950.00 7,873,670.13 104,573,643.92 36 2003.12.31 2002.12.31.1-262,808,561.34 249,340,886.37 87,621,454.39 146,492,828.42 175,187,106.95 102,848,057.95 1 2003.12.31 2002.12.31 % % 1 98,369,881.05 86.74 983,698.81 49,614,194.29 76.84 -- 1-2 1,345,328.25 1.19 13,453.28 1,333,043.50 2.06 -- 2-3 1,345,328.25 1.19 13,453.28 1,301,933.50 2.02 -- 3 12,345,328.25 10.88 123,483.29 12,317,488.50 19.08 -- 28
113,405,865.80 100 1,134,088.66 64,566,659.79 100 -- 2 2003.12.31 2002.12.31 % % 1 99,400,106.20 6.33 11,630,070.23 61,281,401.12 3.40 -- 1-2 59,673,204.97 3.80 22,880,838.94 231,893,202.28 12.87 36,729,160.36 2-3 128,013,160.56 8.15 22,676,774.32 117,195,645.72 6.50 -- 3 1,283,095,746.46 81.72 765,797,259.97 1,391,897,275.04 77.23 890,699,552.57 1,570,182,218.19 100 822,984,943.46 1,802,267,524.16 100 927,428,712.93 3 2003.12.31 2002.12.31 849,432,105.80 351,935,353.00 825,343,924.33 351,935,353.00 109,693,659.42 18,400,846.51 183,498,093.24 18,400,846.51 580,570,529.97 30,115,000.00 556,497,737.61 30,115,000.00 1,539,696,295.19 400,451,199.51 1,565,339,755.18 400,451,199.51 4 * 479,837,089.91 14,211,908.09 65,627,108.27 428,421,889.73 242,312,584.9 9 12,255,608.62 41,918,300.45 212,649,893.16 113,048,085.54 -- 22,074,838.90 90,973,246.64 -- 1,956,299.47 -- 1,956,299.47 124,476,419.38 -- 1,633,968.92 122,842,450.46 -- -- -- -- 479,837,089.91 14,211,908.09 65,627,108.27 428,421,889.73 ** 118,329,188.85 1,076,954.64 3,444,107.78 115,962,035.71 361,507,901.06 312,459,854.02 * A. 29
18,507,500.00 13.64% 16,825,000.00 16,825,000.00 *1 *1.8A B. 1997.8-2003.1 20,000,000.00 67,819.15 73,023.36 20,073,023.36 100% -- -- 1993.5-2013.5 19,000,000.00 9,201,210.64 10,354,192.82 29,354,192.82 95% 5% -- 1998.6-2008.6 9,500,000.00 (4,143,179.76) (735,912.58) 8,764,087.42 95% 5% -- 1986.12-2016.12 6,887,500.00 (1,178,226.03) 25,099,240.99 31,986,740.99 95% 5% -- 1993.3-2013.3 4,883,000.00 (10,029,521.70) (4,176,700.53) 706,299.47 30% -- -- 1994.5-2014.5 4,750,000.00 863,658.97 (2,485,311.03) 2,264,688.97 95% 5% -- 1997.9-2027.9 9,000,000.00 (80,499.40) (308,164.77) 8,691,835.23 90% 10% -- 1996.10-2006.10 11,809,500.00 154,929.77 (213,676.21) 11,595,823.79 100% -- -- 4,600,000.00 1,905,321.03 4,364,390.88 8,964,390.88 73% 27% -- 1995.4-2015.4 29,750,000.00 (281,027.31) 178,743.20 29,928,743.20 70% 30% -- 1993.10-2013.10 20,430,000.00 (6,981,366.65) 10,109,163.78 30,539,163.78 68.1% 31.9% -- 1994.11-2009.11 6,000,000.00 62,669.06 (991,690.27) 5,008,309.73 75% -- -- 2000.5-2010.5 14,000,000.00 (3,064,546.84) (508,670.81) 13,491,329.19 70% -- -- 1987.2-556,500.00 -- (556,500.00) -- 100% -- -- 1992.5-902,000.00 -- (902,000.00) -- 82% -- -- 1988.4-1,435,802.00 -- (1,435,802.00) -- 70% -- -- 1993.4-214,000.00 -- (1,720.00) 212,280.00 20% 80% -- 1990.10-2010.10 4,975,954.97 (7,211,403.63) (3,725,954.97) 1,250,000.00 25% -- 1,076,954.64 1983-1994.8 5,958,305.26 -- (4,917,554.18) 1,040,751.08 100% -- 1,040,751.08 4,500,000.00 -- (1,945,470.91) 2,554,529.09 100% -- 2,554,529.09 6,542,164.49 -- 1,637,839.14 8,180,003.63 100% -- 8,180,003.63 1983.10-2013.10 10,000,000.00 -- (10,000,000.00) -- 100% -- -- B. 1993.5-28,500,000.00 -- (28,500,000.00) -- 100% -- -- 30
1997.8-2012.8 500,000.00 -- (500,000.00) -- 100% -- -- 1988.6-906,630.00 -- (906,630.00) -- 60% -- -- 1987.9-201,100.00 -- (201,100.00) -- 100% -- -- 1988-2000.12 1994.5-4,526.25 -- (4,526.25) -- 75% -- -- 55,483,888.90 (6,992,229.66) (55,483,888.90) -- 75% 25% -- 1989.7-2,680,000.00 -- (2,680,000.00) -- 100% -- -- 1992.8-2022.8 36,179,040.40 (5,138,139.90) 10,973,491.15 47,152,531.55 18,892,047.99 1992.7-16,936,700.00 (16,936,700.00) (16,936,700.00) -- -- -- 1986.7-2006.5 2,500,000.00 -- 350,618.06 2,850,618.06 50% -- -- 1992.4-2,000,000.00 -- (554,574.44) 1,445,425.56 50% -- 1,445,425.56 1995.1-2025.1 10,500,000.00 -- -- 10,500,000.00 35% -- -- 1991.6-9,969,206.09 -- -- 9,969,206.09 -- 9,969,206.09 1985.1-2002.12 9,600,000.00 -- -- 9,600,000.00 -- 4,800,000.00 1990-2016 9,455,465.38 -- -- 9,455,465.38 -- 9,455,465.38 30,880,000.00 -- -- 30,880,000.00 2.45% -- -- 69,914,657.83 (236,619.28) (473,239.56) 69,441,418.27 -- -- 58,547,652.25 481,905,941.57 (50,017,851.54) (76,005,084.03) 405,900,857.54 115,962,035.71 C. 13,973,496.34 10 1,397,348.64 5,696,032.19 ** 118,329,188.85 1,076,954.64 3,444,107.78 115,962,035.71 15,219,391.58 -- 3,444,107.78 11,775,283.80 44,562,145.02 -- -- 44,562,145.02 -- 1,076,954.64 -- 1,076,954.64 58,547,652.25 -- -- 58,547,652.25 118,329,188.85 1,076,954.64 3,444,107.78 115,962,035.71 5 2003 2002 2003 2002 2003 2002 231,035,959.81 143,611,689.61 135,299,285.16 103,003,589.68 95,736,674.65 40,608,099.93 31
45,038,583.89 43,812,963.52 19,646,828.56 22,597,946.65 25,391,755.33 21,215,016.87 963,034.00 761,117.00 401,580.93 401,580.93 561,453.07 359,536.07 277,037,577.70 188,185,770.13 155,347,694.65 126,003,117.26 121,689,883.05 62,182,652.87 6 2003 2002 16,478,178.26 -- (11,084,026.56) 6,395,942.84 (6,138,613.05) (16,324,316.80) (1,397,348.64) (1,397,348.64) (10,113,136.66) -- -- 5,151,529.28 (12,254,946.65) (6,174,193.32) 7 2003 2002 109,842,355.55 137,372,999.90 67,941,964.16 124,123,441.75 41,900,391.39 13,249,558.15 1.1.2 * * 150,000 -- -- 150,000.1.2 32
20,000,000.00 -- -- 20,000,000.00 100% -- 19,000,000.00 -- -- 19,000,000.00 95% 5% 9,500,000.00 -- -- 9,500,000.00 95% 5% 6,887,500.00 -- -- 6,887,500.00 95% 5% 4,750,000.00 -- -- 4,750,000.00 95% 5% 9,000,000.00 -- -- 9,000,000.00 90% 10% 11,809,500.00 -- -- 11,809,500.00 100% -- 7,300,000.00 -- -- 7,300,000.00 73% 27% 29,750,000.00 -- -- 29,750,000.00 70% 30% 20,430,000.00 -- -- 20,430,000.00 68.1% 31.9% 6,000,000.00 -- -- 6,000,000.00 75% -- 14,000,000.00 -- -- 14,000,000.00 70% -- 556,500.00 -- -- 556,500.00 100% -- 902,000.00 -- -- 902,000.00 82% -- 1,435,802.00 -- -- 1,435,802.00 70% -- 212,280.00 -- -- 212,280.00 20% 80% 5,958,305.26 -- -- 5,958,305.26 100% -- 4,500,000.00 -- -- 4,500,000.00 100% -- 6,542,164.49 -- -- 6,542,164.49 100% -- 10,000,000.00 -- -- 10,000,000.00 100% -- 28,500,000.00 -- -- 28,500,000.00 100% -- 500,000.00 -- -- 500,000.00 100% -- 906,630.00 -- -- 906,630.00 60% -- 201,100.00 -- -- 201,100.00 100% -- 4,526.25 -- -- 4,526.25 75% -- 55,483,888.90 -- -- 55,483,888.90 75% 25% 2,680,000.00 -- -- 2,680,000.00 100% -- 500,000.00 -- -- 500,000.00 -- 100% 600,000.00 -- -- 600,000.00 -- 100% 1,800,000.00 -- -- 1,800,000.00 -- 90% 121,265,000.00 -- -- 121,265,000.00 -- 90% 30,000,000.00 -- *1 -- -- -- 4,883,000.00 -- *2 600,000.00 30% -- 4,500,000.00 -- *3 1,125,000.00 25% -- *1 ( ) - [2002]75 2002 11 6 100% 4500 *2 8B*1 *3 8B*2 33
2 459,049.80 0.09% 272,000.00 1.02% 60,000,000.00 -- 177,000.00 3 2003.12.31 2002.12.31 2003.12.31 2002.12.31 10,465,168.81 10,465,168.81 3.17% 2.07% 3,072,764.42 3,072,764.42 0.93% 0.61% 7,013,662.73 7,401,422.40 2.13% 1.46% 12,384,130.00 7,516,730.00 3.76% 1.49% 20,518,031.23 16,026,216.60 6.22% 3.17% -- 39,626,903.29 -- 7.83% *1 89,035,748.07 89,050,541.04 27.00% 17.60% 12,559,290.58 12,559,290.58 3.81% 2.48% 881,390.22 798,665.11 0.27% 0.16% 34
7,907,306.71 8,241,306.70 2.40% 1.63% 8,330,529.10 -- 2.53% 0.00% 2,950,223.46 882,395.56 0.89% 0.17% 11,208,401.01 8,269,187.79 3.40% 1.63% 44,398,486.86 42,968,486.86 13.46% 8.49% *1 -- 8,000,000.00 -- 1.58% 12,623,115.50 25,623,115.50 3.83% 5.06% *2 -- 148,919,483.21 -- 29.43% 889,143.74 2,780,544.30 0.49% 2.09% 6,279,740.48 7,099.851.77 3.47% 5.34% -- 250,033.90 -- 0.05% *1 -- 5,000,000.00 -- 0.96% 1,028,012.16 1,028,012.16 0.29% 0.20% -- 706,809.81 -- 0.14% 30,548,643.53 27,815,006.84 8.76% 5.35% 50,000,000.00 50,000,000.00 14.33% 9.62% 3,831,260.69 18,756,230.20 1.10% 3.61% *3 -- 35,922,200.36 -- 65.62% 138,764,000.00 138,764,000.00 100% 100% *1.4 *2.4 148,919,483.21 *3.3* 1 1997 3 21 68% 14,500 1,500 4,500 10,000 1,500 2001 7 2002 9 28 98,948,060.00, 2003 12 31 166,109,047.00, 69,907,107.00 35
2 1993 6 26 1995 9 22,120,500.00 2002 12 16 1993 6 26 55,960,000.00 1996 5 15 2003 1 21 18,799,905.25 76,801,904.16 56,975,108.88 3 2001 8 20 2002 12 16 3733 3580 1997 4 1 2003 12 31 38,256,853.49 4 70% 744-788 2000 8 15 65 2003 4 11 744-788 54125 2003 12 31 122,635,954.00 104,723,917.00 5 84% 16% 1995 11 28 1996 1997 2000 25 2001 12 19 1 3662 1998 9 14 2 2003 12 31 12,384,130.00 36
9,030,922.30 25,473,600.00 21,823,177.57 7,584.00 350.00 729.00 15,935.20 1991 12 21 2000 3 18 2001 5 17 [2001] 27 2003 12 31.8 81,126,830.34 18,892,047.99 1,000.00 1,500.00 290.00 55,168.83 19,159.07 2,618.32 43,192.00 14,433.46 290.00 37 33,607 1,007,303 (16,998) (71,380) (627) (1,903)
(2,006) (2,217) -- 202,149 (1,397) 5,696 (1,227) (266) 11,352 1,139,382 2003 ( / ) 16.44% 16.54% 0.1852 0.1852 0.22% 0.22% 0.0024 0.0024 1.00% 1.00% 0.0112 0.0112 1.91% 1.92% 0.0215 0.0215 (1) = = (2) (ROE) P ROE=---------------------------------- E 0 +NP 2+E i M i M 0 -E j M j M 0 P NP E 0 E i Ej M0 Mi Mj 3 EPS P EPS=---------------------------------- S 0 +S 1 +S i M i M 0 -S j M j M 0 P S 0 S 1 Si Sj M0 Mi Mj (4) 10,113,136.66 1,219,338.41 1,699,331.56 187,636.00 10,405,493.81 38