600690 2004

2004... 1... 1... 2... 3... 6... 9... 11... 11... 19... 20... 22... 55 1

2004 1 2 3 4 1 QINGDAO HAIER CO.LTD. HAIER 2 3 1 0532-8938138 0532-8938313 E-mailjidong@haier.com 1 0532-8938138 0532-8938313 E-mailfinance@haier.com 4 266555 http://www.haier.com ref@haier.com 5 http://www.sse.com.cn 1 6 A A A 600690 7 1994 3 31 2002 2 27 3702001804066 370212264574251 39 26-27 1

2004 : : 509,806,648.11 369,435,583.36 365,747,584.04 2,006,701,898.92 19,686,353.99 627,660,514.34-121,538,219.54 893,500.00 2,790,853.31 738,258,023.16-114,522,679.57 : : -69,760.56 893,500.00 2,962,450.67 454,462.21-552,653.00 3,687,999.32 : : 2004 2003 2002 (%) 15,299,383,414.82 11,688,374,607.34 30.89 11,553,520,958.99 11,553,520,958.99 509,806,648.11 494,276,672.75 3.14 536,981,441.98 536,981,441.98 369,435,583.36 368,952,845.58 0.13 397,059,657.32 397,059,657.32 365,747,584.04 362,090,034.23 1.01 377,059,540.08 377,059,540.08 2002 2004 2003 (%) 7,107,063,291.45 7,372,706,301.48-3.60 7,324,204,699.04 7,394,136,944.61 5,718,519,046.65 5,388,965,877.39 6.12 5,259,307,516.41 5,089,945,277.38 738,258,023.16 423,546,270.04 74.30 390,670,453.18 390,670,453.18 2004 2003 2002 (%) 0.309 0.46-32.83 0.50 0.50 0.309 6.46 % 6.85-0.39 7.55 7.80 6.40 6.72-0.32 7.17 7.41 % 0.62 0.53 16.98 0.49 0.49 2

2004 2002 2004 2003 (%) 4.78 6.76-29.29 6.59 6.38 4.75 6.65-28.57 6.56 6.33 9 50% : : % 35.09 36.11 1.677 1.677 10.98 11.29 0.525 0.525 6.46 6.65 0.309 0.309 6.40 6.58 0.306 0.306 2) 3) 4) 5) : : 797,648,282 3,173,013,077.07 1,071,703,762.31 469,566,408.51 346,600,756.01 5,388,965,877.39 398,824,141 196,191,206.07 86,829,337.25 369,435,583.36 964,450,930.43 239,294,485 69,932,245.57 69,932,245.57 325,671,030.60 634,897,761.17 1,196,472,423 2,933,718,592.07 1,197,962,722.81 486,463,500.19 390,365,308.77 5,718,519,046.65 1) 6) 1 : 1 347,751,208 69,550,242 104,325,362 173,875,604 521,626,812 3

2004 347,751,208 69,550,242 104,325,362 173,875,604 521,626,812 2 3 4 347,751,208 69,550,242 104,325,362 173,875,604 521,626,812 1 449,897,074 89,979,415 134,969,122 224,948,537 674,845,611 2 3 4 449,897,074 89,979,415 134,969,122 224,948,537 674,845,611 797,648,282 159,529,657 239,294,484 398,824,141 1,196,472,423 2 (1) (2) (3) 1 267,620 3 A 267,617 2 ( ) (%) 4 : 119,429,113 358,287,340 29.95 47,861,923 143,585,768 12.00 6,584,568 19,753,704 1.65 3,712,721 6,933,267 0.58 1,330,720 4,053,390 0.34 653,273 1,959,819 0.16 1,624,485 300 0.14

2004 492,217 1,476,650 0.12 180 1,412,306 0.12 150,000 1,200,000 0.10 (1) 93.44% (2) 3 1 631,930,635 1988 6 30 2 3 93.44% 12.00% 29.95% 2002 6 1 4 1980-311,180,000 03-24 5

2004 5 ABH 6,933,267 A 4,053,390 A 1,959,819 A 1,624,485 A 300 1,476,650 A 180 1,412,306 A 1,200,000 A 1,132,500 A 180 1,023,613 A 969,935 A 1 : 64 2004-06-22 2007-06-22 37,173 55,760 18,587 41 2004-06-22 2007-06-22 40 2004-06-22 2007-06-22 48 2004-06-22 2007-06-22 50 2004-06-22 2007-06-22 1,252 1,878 626 35 2004-06-22 2007-06-22 77 2004-06-22 2007-06-22 78 2004-06-22 2007-06-22 51 2004-06-22 2007-06-22 51 2004-06-22 2007-06-22 57 2004-06-22 2007-06-22 30 2004-06-22 2007-06-22 6

2004 42 2004-06-22 2007-06-22 39 2004-06-22 2007-06-22 (1) 1999 (2) 1999 (3) 1999 (4) 1999 (5) 1999 (6) 1999 (7) 1950 (8) (9) (10) 1999 (11) 1999 (12) 1999 (13) 1999 (14) 1999 7

2004 2 2000-07 2003-02 2003-02 1 2 2004 " " - - " SBU SBU SBU 3 : : 1,370,084 420,895 363,034 60,000 4 15 1 10-15 7 8-10 2 5-8 3 5 1 11,394 0 8

2004 1 8,823 1,342 121 857 251 2 828 966 9,600 1 2 3 4 5 6 9

2004 7 1 6 5 1 0 6 5 1 0 6 6 0 2004 2 1) 2) 3) 8 1 42 42 4) 5) 2004 10

2004 2004 30% 1) 2004 5 20 2003 2003 2004 6 22 1 19 347,861,226 43.61% 1 2003 2 2003 3 2004 4 2003 5 2003 6 2003 2004 7 8 9 10 2003 11 1 2 2004 6 23 1,529,938 30.89% 36,944 0.13% 2004 SBU 11

2004 7 7000 40 30% 1 (1) (2) : : (%) (%) 766,275 50.09 85,362 42.54 453,342 29.63 73,976 36.86 109,370 7.15 17,168 8.56 67,441 4.41 12,758 6.36 133,510 8.73 11,406 5.68 1,529,938 100 200,670 100 1,493,958 (3) : : (%) (%) 259,211 16.94 27,177 13.54 1,270,727 83.06 173,493 86.46 1,529,938 100 200,670 100 (4) 2004 28.15% 17.51% (5) 10% : : (%) 766,275 680,516 11.19 453,342 378,450 16.52 2 (1) : : 2,402 89,499 3,228 12

2004 2,059.05 35,963 115 2,000 38,973 2,955 21,835.5 140,116 36,395 6,677.8 17,314 2,201 14,737 28,750 3,634 18,000 36,988 260 12,000 17,120 998 37,310.26 60,691 2,015 13 3 : : 1,240,609 91.72% 507,111 33.15% 4 2004 1 SBU SBU 2 3 2004 4 2005 " SBU 5 2004 120 153 127.49%

2004 1 2004 2003 0 0 0 0-1,454,536,317.58 1,528,539,319.90-74,003,002.32-4.84% 2 99.95% 75% 75% 75% 100% 98.33% 83.33% 95% 98.15% 58.45% 95% 80% 90% 90% 30% 20% 0.43% 0.056% 0.0085% 3 4-4731 249 95%5% 14

2004 2004 8 20 : : 710,706 737,271-26,565-3.60 571,852 538,897 32,955 6.12 95,804 61,315 34,489 56.25 37,561 75,055-37,494-49.96 85,121 60,200 24,921 41.40 2004 2003 200,670 169,858 30,812 18.14 36,944 36,895 49 0.13-11,452 26,687-38,139-142.91 73,826 42,355 31,471 74.30 (1) (2) (3), (4) (5) (6) 31% 18% (7) (8) 6.45 (9) 2005 170 1 1) 2004 2004 3 24 305B 9 8 1 2003 2 2003 3 2004 4 2003 15

2004 5 2003 6 2003 2004 7 8 9 10 11 12 2004 3 26 2) 2004 2004 4 27 305B 9 6 2004 3) 2004 2004 5 19 305B 9 6 2003 2004 3 25 4) 2004 2004 6 22 1 A106 9 9 1 2 3 4 2004 6 23 5) 2004 8 18 305B 9 8 1 2004 2 4731 249 2004 8 20 6) 2004 10 27 305B 9 6 2004 2 16

2004 2003 2003 2003 797,648,282 10 2 0.5 10 3 2004 7 9 2004 7 14 2004 7 13 2004 7 20 2003 2004 7 6 2004 369,435,583.36 416,533,001.58 785,968,584.94 608,249,158.03 2003 390,365,308.77 2004 2004 1,196,472,423 10 3 358,941,726.90 2004 2,933,718,592.07 2005 (2005) 5-003 2004 12 31 2004 2004 2005 4 6 (2005) 5-055 2004 2004 2004 2004 12 31 667,504,946.04 2004 12 31 2005 4 6 17

2004 2004-12-31 9,906,066.5 557,623,345. 156,813,46 1 704,530,742.03 9 27 3.35 146,907,396.7 6 2 42 364,462,432 13,089,521,960 12,377,346,5 1,076,637,.68.78 57.08 836.38 712,175,403.7 0 3 248,747,257 2,550,270,697. 2,483,531,61 315,486,33.65 52 5.73 9.44 66,739,081.79 4 19,201,639. 0.00 13,955,906.8 5,245,732. 27 4 43-13,955,906.84 5 17,583,336 0.00 17,583,336.69 17,583,336.69.69 6 0.00 683,130,973.10 667,699,147. 15,431,825 89.21 15,431,825.21 7 0.00 12,420,273.40 0.00 12,420,273.40 12,420,273.40 8 51,226,198. 21,387,009-28,682,619.45 1,156,569.42 63.76-29,839,188.87 9 56,075,456. 1,687,078,848. 1,654,117,24 89,037,062 17 51 2.10.58 32,961,606.41 10 18,035,092. 157,618,20 142,400,297.54 2,817,184.43 55 5.66 139,583,113.1 1 606,785,995 11 0.00 606,785,995. - 0.00 606,785,995.7.71 71 1 1 1,600,000.0 0 0.00 1,600,000. 00 0.00 2 9,512,225.2 7 0.00 9,512,225. 27 0.00 3 0.00 22,603,700.00 0.00 22,603,700 22,603,700.00.00 4 0.00 12,490,003.92 0.00 12,490,003 12,490,003.92.92 5 0.00 6,021,311.26 0.00 6,021,311. 6,021,311.26 26 6 0.00 4,964,902.32 0.00 4,964,902. 4,964,902.32 32 7 27,504,836. 27,504,836.0-0.00 02 2 27,504,836.02 8 26,209,603. 26,209,603.1-0.00 11 1 26,209,603.11 17,881,290. 9 00 4,225,708.27 13,655,581-4,225,708.27.73 10 13,999,624. 12,237,994.6 1,761,630. - 61 1 00 12,237,994.61 11 29,251,238. 29,251,238.4-0.00 48 8 29,251,238.48 12 0.00 2,055,536.23 0.00 2,055,536. 2,055,536.23 23 1,500,398,9 56.74 18,906,389,963 18,464,462,9.85 44.96 1,942,325, 975.63 441,927,018.8 9 18

2004 [2003]56 50% 2004 12 31 1 2004 2004 3 24 305A 3 3 1 2003 2 2003 2004 3 2003 4 2003 5 6 7 2004 3 26 2 2004 2004 6 22 1 A106 3 3 2004 6 23 3 2004 8 18 305B 3 3 1 2004 2 4731 249 2004 8 20 19

2004 1 () 670,008 49.54 274,038 20.26 141,347 10.45 104,692 7.74 50,452 3.73 2 () 42 1,118,691 73.12 255,041 16.67 60,280 3.94 58,444 3.82 (1) 42 42 12.06%11.56%13.56% 2002 + ( 2.6% ) 42 2002 20

2004 (2) 42 2005 166 138 3 4,731 4,980 2004 8 20 1 2 3 4 5 6 5% 5% 12 21

2004 2003 87.98 2004 87.96 2004 6 22 2003 2004 6 23 (2005) 5-055 2004 12 31 2004 2004 2004 12 31 2004 39 26-27 2005 4 6 22

2004 2004 12 31 : : : 1 849,123,666.06 715,084,948.05 260,415,580.35 487,319,428.15 2 957,953,832.85 896,512,947.39 545,780,443.55 398,713,101.22 12,803.11 89,562,363.83 65,846,270.14 3 1 613,149,898.44 958,036,998.78 169,633,963.17 443,072,149.94 4 2 222,051,008.97 159,418,200.99 130,829,255.15 14,912,349.03 5 750,552,492.54 375,612,712.79 519,886,205.00 336,542,431.03 6 25,122,606.90 1,906,456.55 7 602,001,163.71 851,206,917.96 298,464,848.38 158,768,751.83 4,019,954,669.47 3,957,791,985.62 2,014,572,659.43 1,905,174,481.34 8 3 1,528,539,319.90 1,454,536,317.58 3,710,590,112.74 3,768,028,309.30 1,528,539,319.90 1,454,536,317.58 3,710,590,112.74 3,768,028,309.30 1,027,238,238.01 882,216,369.11 1,027,238,238.01 882,216,369.11 1,027,238,238.01 882,216,369.11 9 2,477,591,876.65 2,553,435,948.99 418,473,891.08 410,657,533.07 757,757,592.52 940,829,210.75 106,956,866.98 130,535,456.04 1,719,834,284.13 1,612,606,738.24 311,517,024.10 280,122,077.03 15,350,000.00 15,350,000.00 1,704,484,284.13 1,597,256,738.24 311,517,024.10 280,122,077.03 10 37,741,805.40 22,935,072.74 185,494.90 358,114.20 1,742,226,089.53 1,620,191,810.98 311,702,519.00 280,480,191.23 11 80,555,732.58 73,402,877.27 72,172,005.16 67,016,862.04 1,430,490.00 1,140,300.00 23

2004 81,986,222.58 74,543,177.27 72,172,005.16 67,016,862.04 7,372,706,301.48 7,107,063,291.45 6,109,037,296.33 6,020,699,843.91 12 645,000,000.00 310,000,000.00 20,000,000.00 13 232,858,924.82 324,636,319.85 25,600,402.49 55,254,077.06 14 51,409,526.54 138,739,022.57 32,416,715.90 28,460,167.44 9,503,079.20 5,253,377.70 6,346.45 15 70,294,069.24 50,221,417.21 16 97,441,465.24 122,600,971.52 110,723,683.09 90,817,935.57 7,364,821.83 901,135.16 1,723,510.59 528,530.80 17 218,980,573.49 112,638,227.44 127,410,489.58 8,707,752.91 18 6,995,731.89 1,392,264,908.15 783,450,638.89 575,464,432.20 155,308,296.34 19 138,360,000.00 138,360,000.00 138,360,000.00 138,360,000.00 6,246,986.74 8,512,500.92 6,246,986.74 8,512,500.92 144,606,986.74 146,872,500.92 144,606,986.74 146,872,500.92 1,536,871,894.89 930,323,139.81 720,071,418.94 302,180,797.26 446,868,529.20 458,221,104.99 20 797,648,282.00 1,196,472,423.00 797,648,282.00 1,196,472,423.00 797,648,282.00 1,196,472,423.00 797,648,282.00 1,196,472,423.00 21 3,173,013,077.07 2,933,718,592.07 3,173,013,077.07 2,933,718,592.07 22 1,071,703,762.31 1,197,962,722.81 678,440,359.89 700,867,010.16 24

2004 469,566,408.51 486,463,500.19 290,757,794.99 257,769,107.76 23 346,600,756.01 390,365,308.77 739,864,158.43 887,461,021.42 39,882,414.10 358,941,726.90 39,882,414.10 358,941,726.90 5,388,965,877.39 5,718,519,046.65 5,388,965,877.39 5,718,519,046.65 7,372,706,301.48 7,107,063,291.45 6,109,037,296.33 6,020,699,843.91 : : : 2004 : : : 24 4 15,299,383,414.82 11,688,374,607.34 2,359,942,995.36 2,534,975,057.64 24 4 13,276,840,224.94 9,972,233,680.40 2,040,833,373.61 2,208,881,277.09 15,841,290.96 17,560,815.34 9,166,181.21 5,985,536.62-2,006,701,898.92 1,698,580,111.60 309,943,440.54 320,108,243.93-25 19,686,353.99 43,370,499.36 2,607,320.75 11,633,660.28 : 828,456,943.78 630,867,822.66 149,107,372.78 123,948,139.80 562,983,266.95 483,198,751.97 138,515,785.86 135,848,977.14 26 7,287,527.84 20,401,540.69 1,855,105.03 13,128,722.38-627,660,514.34 607,482,495.64 23,072,497.62 58,816,064.89-27 5-121,538,219.54-119,528,409.52 350,794,013.46 316,777,470.39 28 893,500.00 347,900.00 3,436,833.96 7,451,307.42 382,597.47 1,098,509.48 645,980.65 1,128,720.79 296,924.24 368,497.12-509,806,648.11 494,276,672.75 374,300,084.31 376,323,547.64 112,806,764.90 99,624,431.96 4,864,500.95 7,370,702.06 27,564,299.85 25,699,395.21 25

2004 ( ) - 369,435,583.36 368,952,845.58 369,435,583.36 368,952,845.58 416,533,001.58 402,596,349.48 809,796,404.00 702,444,008.85 785,968,584.94 771,549,195.06 1,179,231,987.36 1,071,396,854.43 90,890,089.66 85,490,399.33 36,943,558.34 36,895,284.56 86,829,337.25 81,715,912.84 36,943,558.34 36,895,284.56 ( ) 608,249,158.03 604,342,882.89 1,105,344,870.68 997,606,285.31 18,471,779.16 18,447,642.28 18,471,779.16 18,447,642.28 39,882,414.10 239,294,484.60 39,882,414.10 239,294,484.60 159,529,656.00 159,529,656.00 ( - ) 390,365,308.77 346,600,756.01 887,461,021.42 739,864,158.43 1. 2. 3. ( ) 4. ( ) 5. 6. : : : 26

2004 2004 : : : 29 4,087,582,976.53 1,299,491,907.68 134,214,068.67 0.00 49,241,354.14 8,607,522.03 4,271,038,399.34 1,308,099,429.71 29 2,066,181,592.40 582,945,888.71 221,453,762.15 39,425,729.21 378,633,394.53 132,718,307.01 866,511,627.10 163,452,919.29 3,532,780,376.18 918,542,844.22 738,258,023.16 389,556,585.49 4,312.33 245,915,812.52 245,555.56 1,112,923.92 1,362,791.81 245,915,812.52 100,445,281.44 538,039.00 49,800,000.00 47,310,000.00 150,245,281.44 47,848,039.00-148,882,489.63 198,067,773.52 645,000,000.00 310,000,000.00 29,062,841.91 20,885,140.02 3,945,622.14 0.00 29 29,835,371.19 29,835,371.19 703,898,213.10 360,720,511.21 27

2004-703,898,213.10-360,720,511.21-114,522,679.57 226,903,847.80 1 369,435,583.36 369,435,583.36 ( - ) 27,564,299.85 14,401,026.86 8,290,593.73 198,357,244.69 27,483,051.66 7,281,855.31 5,155,143.12 290,190.00-6,995,731.89-69,760.56 210,326.28 (: ) 10,385,895.96 1,830,294.17 121,538,219.54-350,794,013.46-248,751,292.04 139,696,096.55 ( ) 162,487,034.13 231,500,943.93 ( ) 82,333,457.43-43,251,433.85 738,258,023.16 389,556,585.49 2 3 715,084,948.05 487,319,428.15 29 829,607,627.62 260,415,580.35-114,522,679.57 226,903,847.80 : : : 28

2004 2004 : : : 43,957,942.50 18,151,952.65 3,296,463.58 58,813,431.57 32,271,047.29 18,151,952.65 50,422,999.94 11,686,895.21 3,296,463.58 8,390,431.63 4,480,541.24 454,462.21 454,462.21 4,026,079.03 4,480,541.24 454,462.21 454,462.21 4,026,079.03 15,350,000.00 15,350,000.00 15,350,000.00 15,350,000.00 63,788,483.74 18,151,952.65 454,462.21 3,750,925.79 78,189,510.60 : : : 2004 : : : 15,813,853.59 18,151,952.65 3,296,463.58 24,104,447.32 8,928,103.32 18,151,952.65 23,319,586.84 6,885,750.27 3,296,463.58 784,860.48 3,066,362.61 3,066,362.61 3,066,362.61 3,066,362.61 29

2004 18,880,216.20-8,290,593.73 27,170,809.93 : : : 1984 1989 12 16 1989 3 24 [1989]3 1.5 1993 3 9 [1993]2 9 5000 1993 11 UL VDE CB 2.1 2.2 1 1 12 31 2.3 30

2004 2.4 2.5 2.6 2.7 2.7.1 2.7.2 2.8 2.8.1 2.8.2 5 31

2004 2.9 2.9.1 2.9.2 2.9.3 2.9.4 2.10 2.10.1 1 2 20 20 3 20 20 20 4 50 50 5 10 [2003]10-2.10.2 1 32

2004 2 2.10.3 2.11 2.11.1 2000 2.11.2 2.11.3 4 20 4.80% 10-15 9.60%-6.40% 8-10 12.00%-9.60% 5-8 19.20%-12.00% 2.11.4 33

2004 2.12 2.12.1 2.12.2 2.12.3 3 2.13 2.13.1 2.13.2 3 3 2.13.3 = =( / ) = / 100% 34

2004 =( / ) =[ +(-) ( ) ] / 100% 2.14 2.14.1 1 2 3 2.14.2 10 2.14.3 2.15 2.16 2.17 2.17.1 35

2004 2.17.2 2.18 2.18.1 2.18.2 2.18.3 2.19 2.20 2.20.1 36

2004 (1995)11 < > 50 50 50 (1996)2 10 2.20.2 3.1 17 3.2 5 3.3 7 3.4 3 3.5 15-15 24 15 15% 2002 2002-2004 12 2003-2005 15 33 ( ) ( ) 2402 151,112,185.50 75.00 2059.05 128,387,576.48 ( ) 75.00 37

2004 66,778,810.80 100.00 12000 118,000,000.00 98.33 14737 140,000,000.00 95.00 2000 124,268,008.00 75.00 21835.5 2,055,652,684.74 99.95 490,000.00 98.00 18000 150,000,000.00 83.33 37310 218,078,439.31 58.45 4315 42,350,000.00 98.15 11000 90.00 11000 99,000,000.00 90.00 6000 48,000,000.00 80.00 4980 49,800,000.00 100.00 8-2004 2003 5 31 100% 2004 10 [1996] 2 : 38 2004 1 1 2004 12 31 1 1,932.81 203,574.81 714,828,522.15 848,668,071.26 254,493.09 252,019.99 715,084,948.05 849,123,666.06 2004 12 31 667,504,946.04

2004 2 896,512,947.39 957,953,832.85 896,512,947.39 957,953,832.85 3 2004.12.31. 2003.12.31. 1 980,390,582.46 97.22% 49,019,529.12 530,284,697.31 82.16% 26,514,234.87 1-2 366,693.58 0.04% 18,334.68 12,197,578.91 1.89% 609,878.94 2-3 1,042,398.31 0.10% 52,119.92 90,931,242.72 14.09% 4,546,562.14 3 26,660,324.37 2.64% 1,333,016.22 12,007,426.79 1.86% 600,371.34 1,008,459,998.72 100.00% 50,422,999.94 645,420,945.73 100.00% 32,271,047.29 5 5 5 584,979,949.75 58.01% 4 2004.12.31. 2003.12.31. 1 122,648,875.35 73.09% 6,132,443.77 58,554,704.82 25.05% 2,927,735.24 1-2 31,277,055.89 18.64% 1,563,852.79 43,640,577.20 18.67% 2,182,028.86 2-3 1,901,292.32 1.13% 95,064.62 57,658,628.93 24.67% 2,882,931.45 3 11,981,409.06 7.14% 599,070.45 73,883,993.23 31.61% 3,694,199.66 167,808,632.62 100.00% 8,390,431.63 233,737,904.18 100.00% 11,686,895.21 5% 5 5% 64,282,822.18 38.31 5 2004.12.31. 2003.12.31. 1 273,504,890.54 72.81% 718,518,915.84 95.73% 12 71,164,135.87 18.95% 30,774,248.97 4.10% 23 30,407,231.97 8.10% 1,259,327.73 0.17% 3 536,454.41 0.14% 375,612,712.79 100.00% 750,552,492.54 100.00% 5% 5 39

2004 6 2004.12.31. 1,906,456.55 1,906,456.55 7 2004.12.31. 2003.12.31. 430,011,081.79 240,544,688.06 364,322,366.25 330,079,173.66 4,480,541.24 454,462.21 4,026,079.03 60,899,548.95 35,857,843.23 855,232,996.99 606,481,704.95 4,480,541.24 454,462.21 4,026,079.03 8 2003.12.31 2004.12.31 1,231,650.00 1,231,650.00 500,069,431.89 71,018,866.58 571,088,298.47 1,027,238,238.01 145,021,868.90 882,216,369.11 1,528,539,319.90 71,018,866.58 145,021,868.90 1,454,536,317.58 % 1,076,880 1,076,880.00 35,936 154,770.00 1,112,816 1,231,650.00 2003.12.31. 2004.12.31. 39,840,000.00 39,840,000.00 39,840,000.00 20% 3,000,000.00 3,001,729.02 2,644.23 3,004,373.25 30% 42,350,000.00 15,845,465.13 3,098,544.60 18,944,009.73 98.15% 48,000,000.00 49,185,133.66-266,541.69 48,918,591.97 80% 99,000,000.00 99,713,729.69 719,383.35 100,433,113.04 90% 99,000,000.00 99,290,181.93 188,708.95 99,478,890.88 90% 150,000,000.00 167,581,464.02 17,598,734.72 185,180,198.74 30% 12,500,000.00 12,498,594.44 3,664.94 12,502,259.38 25% 10,763,134.00-426,272.52 10,336,861.48 24% 250,000.00 250,000.00 250,000.00 20% 1,500,000.00 1,500,000.00 1,500,000.00 0.65% 40

2004 600,000.00 600,000.00 600,000.00 10% 300,000.00 300,000.00 300,000.00 10% 49,800,000.00 49,800,000.00 49,800,000.00 100% 546,140,000.00 500,069,431.89 71,018,866.58 571,088,298.47 2004 6-10% 2004 8-4731 249 95%5% 100% 1,450,218,688.95 1,027,238,238.01 10 145,021,868.90 882,216,369.11 1,450,218,688.95 1,027,238,238.01 145,021,868.90 882,216,369.11 2001 1 21 74.45% 10 9 (1) 742,462,749.81 3,684,723.69 589,000.00 745,558,473.50 1,637,270,551.65 103,269,835.42 27,558,174.75 1,712,982,212.32 19,775,627.58 255,519.34 5,513,676.34 14,517,470.58 58,347,262.91 2,038,342.72 129,956.74 60,255,648.89 19,735,684.70 435,119.00 48,660.00 20,122,143.70 2,477,591,876.65 109,683,540.17 33,839,467.83 2,553,435,948.99 40,910,481.92 (2) 101,422,964.59 34,712,647.78 9,462.98 136,126,149.39 610,911,762.99 156,856,683.62 10,016,189.16 757,752,257.45 15,363,699.47 594,629.89 5,251,120.32 10,707,209.04 15,316,922.28 4,760,052.40 8,854.00 20,068,120.68 14,742,243.19 1,433,231.00 0.00 16,175,474.19 757,757,592.52 198,357,244.69 15,285,626.46 940,829,210.75 41

2004 (3) 1,719,834,284.13 1,612,606,738.24 (4) 15,350,000.00 15,350,000.00 15,350,000.00 15,350,000.00 10 7,749,562.45 190,219.99 7,939,782.44 4,713,314.23 4,713,314.23 3,713,320.50 2,967,755.66 4,147,693.80 2,533,382.36 98% 764,600.00 3,790,800.00 1,795,800.00 2,759,600.00 90% 5,624,447.57 12,880,022.61 16,908,870.18 1,595,600.00 94% 3,838,613.52 206,235.00 3,632,378.52 15,176,560.65 10,166,542.11 9,912,100.50 3,016,890.40 12,414,111.86 37,741,805.40 33,833,953.89 40,910,481.92 7,730,204.63 22,935,072.74 11 5,506,352.00 1,333,955.40 550,635.25 783,320.15 2 120,392,898.86 79,221,777.18 6,725,245.06 72,496,532.12 13 129,000.00 129,000.00 5,975.00 123,025.00 5 126,028,250.86 80,555,732.58 129,000.00 7,281,855.31 73,402,877.27 12 2004.12.31. 2003.12.31. 645,000,000.00 0.00 645,000,000.00 13 5% 5% 14 5% 5% 15 2003 42

2004 16 2004.12.31. 2003.12.31. -38,918,831.01-70,692,923.67 74,295,919.96 74,817,885.24 2,093,905.44 6,635,075.97 460.22 124,124.94 85,129,516.91 86,049,412.96 507,889.80 122,600,971.52 97,441,465.24 17 5% 5% 18 2004.12.31. 2003.12.31. 4,800,000.00 328,027.01 1,867,704.88 6,995,731.89 19 2004.12.31. 2003.12.31. 138,360,000.00 138,360,000.00 138,360,000.00 138,360,000.00 [2002]269 2004 12 31 8,512,500.92 [2002]848 20 1 : 1 347,751,208 69,550,242 104,325,362 173,875,604 521,626,812 347,751,208 69,550,242 104,325,362 173,875,604 521,626,812 43

2004 2 3 4 347,751,208 69,550,242 104,325,362 173,875,604 521,626,812 1 449,897,074 89,979,415 134,969,122 224,948,537 674,845,611 2 3 4 449,897,074 89,979,415 134,969,122 224,948,537 674,845,611 797,648,282 159,529,657 239,294,484 398,824,141 1,196,472,423 2004 7 2003 159,529,656 239,294,485 2004 5-005 21 : : 3,159,901,519.00 239,294,485.00 2,920,607,034.00 9,724,846.02 9,724,846.02 3,386,712.05 3,386,712.05 3,173,013,077.07 239,294,485.00 2,933,718,592.07 239,294,485.00 20 22 513,480,053.80 469,566,408.51 88,657,300.00 1,071,703,762.31 90,890,089.66 86,829,337.25 18,471,779.16 196,191,206.07 69,932,245.57 69,932,245.57 604,370,143.46 486,463,500.19 107,129,079.16 1,197,962,722.81 69,932,245.57 [2001]5, 44

2004 23 369,435,583.36 416,533,001.58 90,890,089.66 86,829,337.25 18,471,779.16 39,882,414.10 159,529,656.00 390,365,308.77 69,932,245.57 22 24 (1) : 2004 2003 7,662,752,470.44 5,995,790,387.09 4,533,424,546.87 3,330,821,241.88 1,093,695,487.42 793,939,252.21 674,412,214.35 525,405,408.09 1,335,098,695.74 1,042,418,318.07 15,299,383,414.82 11,688,374,607.34 5,071,110,000.00 33.15% (2) : 2004 2003 6,805,156,657.21 5,249,732,986.97 3,784,501,132.11 2,691,074,403.64 922,015,570.61 676,965,149.45 546,264,440.58 441,326,850.28 1,218,902,424.43 913,134,290.06 13,276,840,224.94 9,972,233,680.40 25 2004 2003 168,286,286.76 155,965,488.67 12,320,798.09-10,094,037.09 2,292,745.99 240,162.98 2,052,583.01 1,623,540.91 37,294,635.15 32,942,695.66 4,351,939.49 43,406,022.49 12,653,021.18 11,691,987.78 961,033.40 8,434,973.05 220,526,689.08 200,840,335.09 19,686,353.99 43,370,499.36 45

2004 26 : : 10,385,895.96 23,229,366.31-5,454,723.51-6,543,680.56 2,356,355.39 3,715,854.94 7,287,527.84 20,401,540.69 27 2004 2003 86,823.45 4,312.33 503,228.36 101,836.80 23,377,500.23 24,903,407.56-145,021,868.90-145,021,868.89-121,538,219.54-119,528,409.52 84 28 : : 893,500.00 [2003]10 893,500.00 / 29 112.29 106.65 23.03 22,500,000 7,335,371.19 19,516,038.44-46

2004 30 2004 2003 1.35.09% 36.11% 1.68 1.68 31.52% 31.78% 2.13 2.13 2. 10.98% 11.29% 0.52 0.52 11.27% 11.37% 0.76 0.76 3. 6.46% 6.65% 0.31 0.31 6.85% 6.90% 0.46 0.46 4. 6.40% 6.58% 0.31 0.31 6.72% 6.78% 0.45 0.45 : 2004.12.31. 2003.12.31. 1 466,310,541.78 99.98% 23,315,527.09 177,039,812.89 99.15% 8,851,990.64 1-2 79,486.00 0.02% 3,974.30 1,522,253.60 0.85% 76,112.68 2-3 1,709.00 0.00% 85.45 466,391,736.78 100.00% 23,319,586.84 178,562,066.49 100.00% 8,928,103.32 5% 5 357,937,537.57 76.75 2 2004.12.31. 2003.12.31. 1 5,886,336.16 37.50% 294,316.81 18,544,080.18 13.46% 927,204.01 1-2 358,948.30 2.29% 17,947.42 30,350,561.34 22.04% 1,517,528.07 2-3 249,991.60 1.59% 12,499.58 43,007,102.77 31.23% 2,150,355.14 3 9,201,933.45 58.62% 460,096.67 45,813,261.13 33.27% 2,290,663.05 15,697,209.51 100.00% 784,860.48 137,715,005.42 100.00% 6,885,750.27 5% 5 12,166,455.94 77.51 3 2003.12.31. 2004.12.31. 827,820.00 827,820.00 2,682,524,054.73 202,460,065.46 2,884,984,120.19 1,027,238,238.01 145,021,868.90 882,216,369.11 3,710,590,112.74 202,460,065.46 145,021,868.90 3,768,028,309.30 47

2004 673,050 0.056% 673,050.00 35,936 154,770.00 708,986 827,820.00 2003.12.31. 2004.12.31. 151,112,185.50 406,356,235.02-449,415.42 405,906,819.60 75% ( ) 128,387,576.48 155,274,678.70-445,726.01 154,828,952.69 75% 66,778,810.80 94,657,506.20 3,740,969.61 98,398,475.81 100% 118,000,000.00 127,171,292.46 5,059,254.92 132,230,547.38 98.33% 140,000,000.00 176,377,675.57 5,867,357.42 182,245,032.99 95% 124,268,008.00 156,306,084.89 3,812,183.92 160,118,268.81 75% 150,000,000.00 155,971,717.79 331,663.15 156,303,380.94 83.33% 42,350,000.00 15,845,465.14 3,098,544.60 18,944,009.74 98.15% 2,055,652,684.74 877,863,222.48 114,815,441.42 992,678,663.90 99.95% 39,840,000.00 39,840,000.00 39,840,000.00 20% 1,000,000.00 1,000,000.00 1,000,000.00 0.43% 3,000,000.00 3,001,729.02 2,644.23 3,004,373.25 30% 48,000,000.00 49,185,133.66-266,541.69 48,918,591.97 80% 99,000,000.00 99,713,729.69 719,383.36 100,433,113.05 90% 99,000,000.00 99,290,181.93 188,708.95 99,478,890.88 90% 218,078,439.31 224,669,402.18 18,675,597.00 243,344,999.18 58.45% 47,310,000.00 47,310,000.00 47,310,000.00 95.00% 3,531,777,704.83 2,682,524,054.73 202,460,065.46 2,884,984,120.19 84 4 (1) : 2004 2003 2,359,942,995.36 2,534,975,057.64 2,359,942,995.36 2,534,975,057.64 48

2004 (2) : 2004 2003 2,040,833,373.61 2,208,881,277.09 2,040,833,373.61 2,208,881,277.09 5 2004 2003 70,670.25 4,312.33 465,630.99 495,811,570.03 461,263,038.04-145,021,868.90-145,021,868.89 350,794,013.46 316,777,470.39 1 12% 29.95% 93.44% 41.95% 49

2004 2 311,180,000 311,180,000 631,930,635 631,930,635 2402 2402 2059.05 2059.05 66,778,810 66,778,810 120,000,000 120,000,000 147,370,000 147,370,000 2000 2000 218,355,000 218,355,000 500,000 500,000 180,000,000 180,000,000 373,102,548 373,102,548 43,150,000 43,150,000 110,000,000 110,000,000 110,000,000 110,000,000 60,000,000 60,000,000 49,800,000.00 49,800,000.00 3 % % % % 95,723,845.00 12.00 95,723,845.00 12.00 238,858,227.00 29.95 238,858,227.00 29.95 151,112,185.50 75.00 151,112,185.50 75.00 ( ) 128,407,401.61 75.00 128,407,401.61 75.00 66,778,810.80 100.00 66,778,810.80 100.00 118,000,000.00 98.33 118,000,000.00 98.33 140,000,000.00 95.00 140,000,000.00 95.00 124,050,000.00 75.00 124,050,000.00 75.00 218,245,822.50 99.95 218,245,822.50 99.95 490,000.00 98.00 490,000.00 98.00 150,000,000.00 83.33 150,000,000.00 83.33 218,078,439.31 58.45 218,078,439.31 58.45 42,350,000.00 98.15 42,350,000.00 98.15 50

2004 99,000,000.00 90.00 99,000,000.00 90.00 99,000,000.00 90.00 99,000,000.00 90.00 48,000,000.00 80.00 48,000,000.00 80.00 49,800,000.00 100.00 49,800,000.00 100.00 1 42 42 12.06%11.56%13.56% 2002 + ( 2.6% ) 42 2 51

2004 42 3 2004 2003 2004 % 2003 % 0.55 3.73 3.19 10.45 7.31 0.12 20.26 29.22 49.54 45.56 0.88 3.76 0.25 1.29 7.74 7.31 0.02 0.01 93.55 97.64 52

2004 4 2004 2003 2004 % 2003 % 0.10 16.67 14.35 0.63 3.82 4.32 3.94 3.78 42 73.12 76.25 97.65 99.33 5 2004 % 2003 % 1.74 29.56 38.54 0.52 2.98 1.53 0.58 1.53 42 55.55 56.47 13.88 16.84 0.21 42 57.61 81.13 1.94 13.47 7.44 5.67 4.07 0.95 0.68 11.77 1.05 5.99 3.59 12.51 11.21 2.96 8.14 7.65 1.22 23.70 7.47 41.96 2.4 53

2004 80.85 5.69 6.83 3.31 25.61 5.04 5.23 9.40 65.52 22.61 3.30 10.24 4.37 2.88 2.27 1.51 2.19 8.35 4.07 6 12002 22004 8,353 285 2003 9,351 1,168 3 2004 23,009 2003 22,286 42004 41,700 52004 1,370,084 2003 1,177,208 2004 12 31 2004 12 31 2004 1,196,472,423 10 3 ( ) 54

2004 2005 4 8 55