2004 2005 3 31
2004 2005 3 11 1
...3...4...6...8...9...10...21...26...26...26...29 2
255010 2003 8 8 1,684,870,267.04 = 65% 35% 88 46 200121 021-50478080 021-50478920 http://www.gtja-allianz.com customerservice@gtja-allianz.com 55 100032 3
010-66107333 010-66106904 custodian@icbc.com.cn www.gtja-allianz.com 88 46 1 8 100738 1266 49-51 200040 021-53594666 021-62881889 2004 2003 8 8 2003 12 31 78,823,643.21 58,868,977.27 0.039 0.018-47,954,998.27 1,233,266.80-0.0285 0.0005 1,636,915,268.77 2,781,515,829.81 0.972 1.057 3.79% 1.78% -4.62% 7.75% 2.77% 7.75% 1 (2)-(4) (1) (2 3 (1)-(3) 4 3-3.76% 0.66% -6.32% 0.83% 2.56% -0.17% 4
6-0.21% 0.75% -5.57% 0.94% 5.36% -0.19% 1-4.62% 0.79% -11.98% 0.90% 7.36% -0.11% 2.77% 0.69% -16.45% 0.84% 19.22% -0.15% 20.00% 12.00% 4.00% -4.00% -12.00% -20.00% (2003.8.8-2004.12.31) 2003-8-11 2003-10-11 2003-12-11 2004-2-11 2004-4-11 2004-6-11 2004-8-11 2004-10-11 2004-12-11 = X65%+ X35% 10.00% 5.00% 0.00% -5.00% -10.00% -15.00% 2003 * 2004 2003 * 2003.8.8 2003.12.31 10 2004 0.400 0.400 2003 0.200 0.200 5
90 8 2004 8 1 2004 04 6
605 2 05 1,,, (04 ), : : 05 05, 2 05 GDP, ; 3G 3 05 1 2 3 7
4 1 2004 6 1 2 3 4 2004 2004 2004 8
KPMG-B(2005)AR No. 0050 ( 2 16 ) ( ) 2004 12 31 2004 1 1 2004 12 31 2004 12 31 2004 1 1 2004 12 31 1 2 8 100738 2005 2 28 9
2004 12 31 ( ) 2004 2003 101,379,938 189,170,002 - - 500,000 250,000 1,857,964 12,870,699 5 7,275,155 10,231,364 9,483,986 410,971,085 77,873-1,047,068,879 1,521,779,816 1,004,609,552 1,366,949,319 473,923,942 1,144,570,525 473,178,448 1,138,954,431-100,000,000 6-257,343 1,641,567,737 3,390,100,834 - - 700,189 458,520,807 2,260 166,371 2,151,979 3,644,379 358,663 607,397 7 859,377 1,298,652-17,398 8 500,000 250,000-144,000,000 9 80,000 80,000 4,652,468 608,585,004 -------------- -------------- 10
10 1,684,870,267 2,632,380,779 /( ) 11 (31,450,035) 147,901,784 /( ) (16,504,963) 1,233,267 (2004 0.972 ) 1,636,915,269 2,781,515,830 -------------- -------------- 1,641,567,737 3,390,100,834 2004 1 1 2004 12 31 ( ) 2004 2003 12 87,373,750 56,068,621 13 (3,815,948) 703,375 19,542,469 8,319,969 2,162,773 6,024,797 11,202,029 409,386 435,196 11,222,521 14 906,348 172,971 117,806,617 82,921,640 -------------- -------------- 18(d) (31,435,154) (19,699,381) 18(e) (5,239,193) (3,283,230) (1,933,351) (807,323) 15 (375,276) (262,729) (38,982,974) (24,052,663) -------------- -------------- 78,823,643 58,868,977 /( ) 16 (117,241,770) 160,446,591 (38,418,127) 219,315,568 11
1,233,267-78,823,643 58,868,977 6,552,198 1,683,094 (12,814,999) (5,451,194) 73,794,109 55,100,877 17 (90,299,072) (53,867,610) /( ) (16,504,963) 1,233,267 2004 1 1 2004 12 31 ( ) 2004 2003 2,781,515,830 3,666,118,148 -------------- -------------- 78,823,643 58,868,977 /( ) (117,241,770) 160,446,591 (38,418,127) 219,315,568 -------------- -------------- 566,523,963 643,668,219 17 28,951,920 36,639,259 (1,582,407,325) (1,693,718,495) (1,015,883,362) (1,050,050,276) --------------- -------------- (90,299,072) (53,867,610) -------------- -------------- 1,636,915,269 2,781,515,830 12
( ) 1 ( ) [2003] 80 2003 8 8 3,666,118,148 2 3 (a) 1 1 12 31 (b) (c) (d) 13
/( ) (e) /( ) (f) (g) 14
(h) 1.5% (i) 0.25% (j) (k) 1 (l) /( ) /( ) /( /( /( ) /( ) /( ) (m) /( ) /( ) (n) 90% 3 15
4 [1998]55 [2001]61 [2002]128 [2004]78 (a) (b) 2003 2003 2004 1 1 (c) 2003 2004 1 1 20% (d) 0.2% 5 2004 2003 7,225,704 10,050,085-115,809 49,451 65,470 6 7,275,155 10,231,364 2004 2003-257,343-257,343 7 2004 2003 55,397 167,800 94,260 95,707 252,421 202,110-128,362-220,349-118,614 186,577 181,584 16
177,769 184,126 92,953-859,377 1,298,652 8 2004 2003 500,000 250,000 9 2004 2003 80,000 80,000 80,000 80,000 10 2004 2003 2,632,380,779 - - 3,666,118,148 548,740,685 610,021,519 (1,496,251,197) (1,643,758,888) 1,684,870,267 2,632,380,779 11 /( ) 2004 2003 147,901,784 - /( ) (117,241,770) 160,446,591 /( )(112,371,169) 154,830,497 /( ) (4,870,601) 5,616,094 11,231,080 31,963,606 (73,341,129) (44,508,413) (31,450,035) 147,901,784 12 2004 2003 3,034,021,346 502,062,084 17
(2,944,092,824) (445,571,795) (2,554,772) (421,668) 87,373,750 56,068,621 13 2004 2003 1,432,912,620 845,818,612 (1,420,626,331) (835,865,021) (16,102,237) (9,250,216) (3,815,948) 703,375 14 2004 2003 253,378 98,971-50,000 652,970 - - 24,000 906,348 172,971 15 2004 2003 6,303-257,343 102,657 80,000 80,000 31,630 80,072 375,276 262,729 16 2004 2003 42,459,327 154,830,497 745,494 5,616,094 18
43,204,821 160,446,591 17 2004 1 1 2004 12 31 2004 3 3 2004 3 8 10 0.4 2004 3 9 90,299,072 (2003 53,867,610 ) 53,659,813 (2003 24,915,690 ) 36,639,259 (2003 28,951,920 ) 18 (a) (b) 2004 2003 ( ) 250,000 250,000 (c) 2004 40,400,000 2.87% 1,595,597,921 28.86% 304,074,380 36.61%1,266,584 28.41% 2003 16,580,300,000 71.67% 776,049,153 34.66% 59,803,789 22.07% 490,180 30.24% = ( ) 1 - ( ) - ( ) 19
= ( ) 1 - ( )- ( )- ( ) (d) 1.5% = 1.5%/ 31,435,154 2003 19,699,381 (e) 0.25% = 0.25%/ 5,239,193 2003 3,283,230 (f) 2004 12 31 101,379,938 (2003 189,170,002 ) 2,162,773 (2003 6,024,797 ) (g) ( ) 2004 2003 / / ( ) ( ) 161,250,000 100,000,000 83,233 169,710,000 - - 276,355,430 2,267,800,000 (942,026) 599,844,151 706,500,000 (757,635) 19 20
(a) 2000 5 18 [2002]54 2002 5 20 2004 12 31 (b) 2004 12 31 0 101,379,937.74 6.18% 1,047,068,879.18 63.78% 473,923,942.34 28.87% 19,194,977.44 1.17% 1,641,567,736.70 100.00% A 16,987,256.13 1.04% B 33,452,579.86 2.04% C 391,260,000.12 23.91% C0 64,492,490.22 3.94% C1 - - C2 - - C3 16,526,762.00 1.01% C4 73,030,629.71 4.46% 21
C5 - - C6 8,749,413.75 0.53% C7 68,394,744.90 4.18% C8 160,065,959.54 9.78% C9 - - D 98,654,897.76 6.03% E - - F 234,285,417.06 14.31% G 187,266,837.39 11.44% H 27,295,274.60 1.67% I - - J - - K 30,478,393.26 1.86% L 20,213,612.00 1.23% M 7,174,611.00 0.44% 1,047,068,879.18 63.97% 1 600050 30,000,000 91,800,000.00 5.61% 2 000858 8,005,368 53,635,965.60 3.28% 3 600900 6,000,000 52,740,000.00 3.22% 4 600085 2,500,000 52,725,000.00 3.22% 5 600289 2,779,469 38,912,566.00 2.38% 6 000063 1,455,200 38,839,288.00 2.37% 7 600020 4,550,330 33,626,938.70 2.05% 8 600018 2,200,000 33,528,000.00 2.05% 9 600547 2,702,147 33,452,579.86 2.04% 10 600535 2,756,637 32,611,015.71 1.99% 11 600089 2,631,335 31,970,720.25 1.95% 12 600029 5,000,000 26,650,000.00 1.63% 13 600012 4,002,497 24,775,456.43 1.51% 14 600299 2,724,950 23,216,574.00 1.42% 15 600009 1,353,578 20,601,457.16 1.26% 16 600037 958,900 20,213,612.00 1.23% 17 000916 4,422,973 17,736,121.73 1.08% 18 600406 1,323,001 17,714,983.39 1.08% 19 600795 2,800,000 17,444,000.00 1.07% 20 600428 1,497,396 16,935,548.76 1.03% 21 000989 2,497,799 16,635,341.34 1.02% 22
22 600966 1,503,800 16,526,762.00 1.01% 23 000089 1,880,000 15,980,000.00 0.98% 24 000538 1,002,527 15,649,446.47 0.96% 25 600611 2,288,207 15,353,868.97 0.94% 26 600317 1,594,659 14,973,848.01 0.91% 27 600182 *ST 2,673,139 14,541,876.16 0.89% 28 000400 1,605,231 13,885,248.15 0.85% 29 000027 1,643,211 12,915,638.46 0.79% 30 600556 1,759,609 12,686,780.89 0.78% 31 600825 1,471,902 11,951,844.24 0.73% 32 600352 1,563,920 11,791,956.80 0.72% 33 600416 1,734,069 11,132,722.98 0.68% 34 600467 1,501,900 11,129,079.00 0.68% 35 600026 1,170,602 10,757,832.38 0.66% 36 600488 1,500,790 10,505,530.00 0.64% 37 600426 731,812 9,506,237.88 0.58% 38 600518 808,837 9,463,392.90 0.58% 39 000012 999,933 8,749,413.75 0.53% 40 600741 1,877,521 8,148,441.14 0.50% 41 600824 1,221,794 7,746,173.96 0.47% 42 600361 999,639 7,597,256.40 0.46% 43 600270 1,000,000 7,280,000.00 0.44% 44 600011 1,001,940 7,274,084.40 0.44% 45 600635 1,412,325 7,174,611.00 0.44% 46 600301 898,142 7,095,321.80 0.43% 47 600754 981,165 6,976,083.15 0.43% 48 000912 1,001,261 6,878,663.07 0.42% 49 600115 1,518,769 6,728,146.67 0.41% 50 600276 496,885 6,196,155.95 0.38% 51 600962 1,155,459 5,858,177.13 0.36% 52 600761 1,000,000 5,770,000.00 0.35% 53 600627 808,616 5,636,053.52 0.34% 54 600059 955,749 5,600,689.14 0.34% 55 600298 605,511 5,255,835.48 0.32% 56 600886 661,525 4,908,515.50 0.30% 57 600594 155,084 3,593,296.28 0.22% 58 600279 639,200 3,502,816.00 0.21% 59 600863 775,324 3,372,659.40 0.21% 60 000900 135,263 1,209,251.22 0.07% 23
1 600050 139,267,053.76 5.01% 2 600036 102,168,810.97 3.67% 3 000858 85,300,239.32 3.07% 4 600028 75,740,695.90 2.72% 5 000002 66,329,680.27 2.38% 6 600029 59,997,606.06 2.16% 7 600205 59,515,372.67 2.14% 8 600887 59,059,213.92 2.12% 9 600104 58,596,569.50 2.11% 10 000758 57,686,633.56 2.07% 11 000063 54,749,658.46 1.97% 12 600688 54,227,483.87 1.95% 13 000089 53,612,455.59 1.93% 14 600289 52,141,946.58 1.87% 15 600085 48,699,729.75 1.75% 16 600005 44,715,826.45 1.61% 17 600030 44,615,168.51 1.60% 18 600019 36,722,965.82 1.32% 19 600020 35,985,626.34 1.29% 20 600009 35,791,049.49 1.29% 1 600036 182,567,317.46 6.56% 2 600028 133,096,381.71 4.79% 3 600050 110,021,377.71 3.96% 4 600019 106,023,687.19 3.81% 5 600029 88,353,164.76 3.18% 6 000063 88,220,990.26 3.17% 7 600005 80,302,915.78 2.89% 8 600887 69,450,288.91 2.50% 9 000100 TCL 62,644,395.65 2.25% 10 600688 62,383,762.48 2.24% 11 600000 60,961,349.06 2.19% 12 000002 59,291,109.09 2.13% 13 600020 57,319,377.63 2.06% 14 600104 55,241,690.54 1.99% 15 600183 51,035,430.51 1.83% 16 600642 50,441,627.66 1.81% 17 000758 45,786,044.36 1.65% 24
18 600886 40,991,903.43 1.47% 19 600001 40,331,694.50 1.45% 20 600205 39,941,991.06 1.44% 2,609,175,077.53 87,373,750.31 116,577,062.70 7.12% - 0.00% 219,734,295.89 13.42% 20,257,084.93 1.24% 117,355,498.82 7.17% 473,923,942.34 28.95% 1 04 01 79,920,000.00 4.88% 2 03 27 79,854,295.89 4.88% 3 50,007,983.50 3.06% 4 03 18 39,960,000.00 2.44% 5 03 05 39,440,000.00 2.41% 1 2 3 2004 12 31 1,857,963.50 9,483,986.15 7,275,154.99 500,000.00 77,872.80 4 110001 50,007,983.50 3.06% 100096 10,457,887.20 0.64% 25
125069 7,784,035.30 0.48% 110418 6,172,025.40 0.38% 110037 4,135,743.50 0.25% 125959 3,288,451.66 0.20% 100087 2,020,600.00 0.12% 35,610 47,314.53 886,155,234.78 53% 798,715,032.26 47% 2003 8 8 3,666,118,147.89 2,632,380,778.92 548,740,685.27 1,496,251,197.15 1,684,870,267.04 1 2004 1 30 2 2004 8 4 3 2004 9 30 26
2004 3 1 10 0.40 2004 3 8 2004 3 9 1 2 1,595,597,920.94 28.86% 1,266,584.02 28.41% 1 418,073,545.72 7.56% 340,669.83 7.64% 1 610,419,731.72 11.04% 500,238.07 11.22% 1 540,091,463.37 9.77% 440,331.33 9.88% 1 890,241,078.91 16.10% 722,548.78 16.20% 1 35,331,684.86 0.64% 28,295.00 0.63% 2 728,982,206.12 13.19% 581,052.36 13.03% 1 283,479,651.89 5.13% 232,144.18 5.21% 1 426,454,669.27 7.71% 347,070.15 7.78% 2 304,074,379.66 36.61% 40,400,000.00 2.87% 165,904,670.30 19.97% 115,000,000.00 8.17% 35,159,613.00 4.23% 0 0 39,677,426.60 4.78% 217,400,000.00 15.45% 78,737,489.10 9.48% 677,300,000.00 48.14% 17,487,246.60 2.11% 50,000,000.00 3.55% 78,964,732.92 9.51% 107,000,000.00 7.61% 30,570,965.00 3.68% 0 0 80,028,615.90 9.63% 200,000,000.00 14.21% 3 1 1 / 27
1 4 1 A 3 B C D E F 2 A B C D E F G H 28
1. 2004 4 30 2. 2004 7 23 3. 2003 7 23 4. 2004 7 30 5. 2004 8 4 6. 2004 8 19 7. 2004 9 7 8. 2004 9 17 9. 2004 10 22 10. 2004 10 22 11. 2004 10 29 12. 2004 12 6 13. 2004 12 15 1 29
2 3 4 5 6 7 8 88 46 (021)38784766 http://www.gtja-allianz.com 2005 3 31 30