2004

2 3 4 6 7 10 13 50 50 1

: ( ) :SHANDONG XINHUA PHARMACEUTICAL COMPANY LIMITED : : :86-533-2166666 :86-533-2287508 CQCAO@XHZY.COM;GUOLEI@XHZY.COM :255005 http://www.xhzy.com xhzy@xhzy.com http://www.cninfo.com.cn H 0719 A 000756 2

( ) ( ) 2004 6 30 ( 2003 12 31 ( ) ) 1,362,628 1,104,742 714,454 464,547 2,394,064 2,085,381 1,422,168 1,413,304 3.11 3.09 3.11 3.09 2004 6 30 2003 6 30 6 ( ) 6 ( ) 802,136 677,351 27,328 43,353 23,439 43,353 0.060 0.095 1.92% 3.07% 4,918 40,957 4,322 1,197 (6,733) 281 (3,889) ( ) ( ) 2004 6 30 6 2003 6 30 6 ( ) ( ) 806,803 677,351 28,045 51,427 4,187 (7,433) 23,858 43,994 88 (20) 23,946 43,974 2004 6 30 ( ) 2003 12 31 ( ) 2,395,592 2,106,065 951,336 667,289 1,444,256 1,438,776 3

2004 6 30 6 27,328 465 1,929 922 229 6,469 23,946 1 2004 6 30 2003 12 31 1 -- A 214,440,000 214,440,000 2 A 16,719,500 16,719,500 231,159,500 231,159,500 1 A 76,153,330 76,153,330 2 H 150,000,000 150,000,000 226,153,330 226,153,330 457,312,830 457,312,830 2 2004 6 30 33,730, H 93,A 33,637 4

3 2004 6 30 % 1 A 214,440,000 46.89 2 ( ) H 142,881,998 31.24 3 A 4,203,300 0.92 4 A 2,100,000 0.46 5 A 1,540,000 0.34 6 HOFGREN CARL GUNNAR H 1,010,000 0.22 7 A 1,000,000 0.22 8 A 1,000,000 0.22 9 H 902,000 0.20 <A/C BR-79> 10 H 902,000 0.20 <A/C BR-80> :a. 5% 15,000,000 A 2,100,000 A 1,000,000 A b. c. ( ) ( ) 142,881,998 H 4,203,300 A HOFGREN CARL GUNNAR 1,010,000 H A/C BR-79 902,000 H A/C BR-80 902,000 H A/C BR-81 902,000 H A/C BR-78 704,000 H YEUNG TING KWONG DAVID 440,000 H KAY AND COMPANY LTD 400,000 H CHOW KANG CHUEN 340,000 H 5

: 2004 6 30 2004 1 1 4,500 4,500 4,500 4,500 3,500 3,500 12,483 12,483 4,500 4,500 3,237 3,237 4,500 4,500 3,237 3,237 2,983 2,983 2,507 2,507 200 200 3,000 3,000 A, / 571 XV / XV 7 8 352 6

2004 6 30 6 2004 6 30 6, 802,136, 18.42%; 27,328, 36.96% 2004 6 30 6, 806,803, 19.11%; 23,946, 45.55% 2004 6 30 6 2004 2004 18.42% 18.02% 6.55 1 2004 12.1% 41,710 34.2% 30.1% 2 2004 COS GMP 19 3 2004 4,390 4 2004 8 7 5 2004 6 30 195.97% 159.16% 214.98% 260.47% 2004 6 30 602,803 2004 6 30 68,952, 2004 6 30 7

497,288 A A A 2004 6 30 80,108 30,000 24,831, 13,577 7,000 2004 6 30 6 2004 802,136 18.42% 83,302-73,489 143,422 27,328 12.60% 36.96% 2004 6 30 2,394,064 308,683 14.80%, 2004 352,803 178,647 253,562 50,000 1,422,168 8,864 0.63% 2004 ( ) 2004 1-6 2003 1-6 520,169 419,677 434,956 320,581 103,370 87,943 84,008 64,769 126,249 112,612 97,541 78,026 52,348 37,367 60,846 47,525 802,136 657,599 677,351 510,901 8

(%) 490,542 409,963 16.43 279,854 217,848 22.16 31,740 29,788 6.14 802,136 657,599 18.02 3 4 2004 1-6 2003 2004 1-6 2003 143,422 292,631 443.34% 580.96% 925 2,097 2.86% 4.16% 117,205 243,491 362.30% 483.40% 7,921 781 24.49% 1.55% 330 339 1.02% 0.67% -3,043-1,986-9.41% -3.94% 32,350 50,371 100.00% 100.00% 1 2 7 2001 9 3 3,300 A 300 370,517 2004 6 30 291,132 2004 74,500-10,123 13.59% GMP 80,000 27,722 57,767 72.21% 160,000 12,120 188,201 117.63%, 28,201 L-350 29,980-23,442 78.19% GMP 39,800-46,265 116.24% 6,465 384,280 39,842 325,798 a b GMP c L-350 GMP 9

1 2 3 2004 7 28 1. 2. 2003 2004 8 3. 2004 4. 2003 5. 6. 37 13 7. 8. 9. 5% 10. 11., 10

12. 13. 14. 2004 6 30 4,669 2004 41,483 15. 2004 3 29 The Standard 51 2003 2004 4 17 65 2004 2004 4 20 21 2003 2004 6 8 The Standard 15 2003 16. [2003]56 [2003]56 2 - [2003]56 [2003]56 A B 2004 6 30 39,624 1,585 3,340 3,481 36,284 C 11

D a. b. c. d. e. 12

( ) 01 2004 6 30 2004 6 30 2003 12 31 2004 6 30 2003 12 31 497,287,531.93 413,986,014.30 481,788,757.50 399,368,092.85 70,000,000.00 31,177,842.00 70,000,000.00 31,177,842.00 52,484,617.01 40,950,704.97 52,484,617.01 40,950,704.97 - - - - - - - - 397,883,836.19 259,673,380.86 397,883,836.19 259,623,380.86 85,646,845.66 104,258,510.22 86,971,181.55 105,353,651.38 3,890,993.75 4,157,098.07 3,899,979.65 4,147,040.78 255,434,213.32 250,537,957.72 248,474,511.08 244,114,271.13 - - - - - - - - - - - - 1,362,628,037.86 1,104,741,508.14 1,341,502,882.98 1,084,734,983.97 80,108,518.00 80,108,518.00 91,474,203.88 92,010,811.77 75,500.00 75,500.00 75,500.00 75,500.00 80,184,018.00 80,184,018.00 91,549,703.88 92,086,311.77 1,360,236,595.43 1,352,596,074.87 1,357,808,261.92 1,350,370,160.86 698,972,308.01 653,386,788.34 698,167,803.53 653,008,602.18 661,264,287.42 699,209,286.53 659,640,458.39 697,361,558.68 - - - - 661,264,287.42 699,209,286.53 659,640,458.39 697,361,558.68 10,206,048.73 10,206,048.73 10,206,048.73 10,206,048.73 204,919,156.28 120,597,120.29 204,919,156.28 120,597,120.29 876,389,492.43 830,012,455.55 874,765,663.40 828,164,727.70 74,862,403.78 70,442,662.78 74,862,403.78 70,442,662.78 - - - - - - - - 74,862,403.78 70,442,662.78 74,862,403.78 70,442,662.78 - - - - 2,394,063,952.07 2,085,380,644.47 2,382,680,654.04 2,075,428,686.22 13

2004 6 30 2003 12 31 2004 6 30 2003 12 31 352,802,511.51 174,156,000.00 352,802,511.51 174,156,000.00 132,327,936.00 92,199,948.18 132,327,936.00 92,199,948.18 144,227,266.88 145,346,593.63 137,714,140.57 140,368,400.07 9,909,766.25 8,541,346.03 9,909,766.25 8,541,346.03 14,718,542.50 12,789,206.44 14,718,542.50 12,789,206.44 9,502,750.57 5,795,059.07 9,502,750.57 5,795,059.07 3,220,767.83-19,525,415.51 3,841,923.88-19,201,318.56 41,349,154.19 37,941,290.89 40,310,526.44 37,355,557.15 6,395,022.39 7,302,547.67 6,395,022.39 7,302,547.67 - - - - - - - - 714,453,718.12 464,546,576.40 707,523,120.11 459,306,746.05 250,000,000.00 200,000,000.00 250,000,000.00 200,000,000.00 - - - - - - - - 3,561,500.00 3,561,500.00 3,561,500.00 3,561,500.00 253,561,500.00 203,561,500.00 253,561,500.00 203,561,500.00 - - - - 968,015,218.12 668,108,076.40 961,084,620.11 662,868,246.05 3,880,568.15 3,968,071.03 - - 457,312,830.00 457,312,830.00 457,312,830.00 457,312,830.00 - - - - 457,312,830.00 457,312,830.00 457,312,830.00 457,312,830.00 558,919,077.15 558,919,077.15 558,919,077.15 558,919,077.15 159,424,924.74 159,424,924.74 159,216,915.99 159,216,915.99 26,291,986.91 26,291,986.91 26,222,650.66 26,222,650.66 245,939,202.04 236,903,608.28 246,147,210.79 237,111,617.03-18,292,513.20-18,292,513.20 572,131.87 744,056.87 - - 1,422,168,165.80 1,413,304,497.04 1,421,596,033.93 1,412,560,440.17 2,394,063,952.07 2,085,380,644.47 2,382,680,654.04 2,075,428,686.22 14

2004 02 802,135,952.14 677,350,595.15 793,136,879.49 668,990,884.59 657,599,222.75 510,900,379.84 650,696,394.50 505,795,175.53 1,114,858.70 2,356,973.50 1,051,788.30 2,285,126.42 143,421,870.69 164,093,241.81 141,388,696.69 160,910,582.64 925,007.40 611,095.85 925,007.40 611,095.85 61,696,743.26 56,693,044.05 59,683,583.67 54,468,139.69 50,508,252.83 51,463,749.64 49,864,425.65 50,542,622.14 4,999,548.94 4,508,822.81 5,008,049.27 4,524,309.01 27,142,333.06 52,038,721.16 27,757,645.50 51,986,607.65 7,920,965.43 350,000.00 7,384,357.54 309,034.50 330,057.11 330,057.11 1,408,762.00 1,361,551.20 1,408,762.00 1,361,551.20 4,452,144.19 3,054,848.86 4,450,244.19 3,054,848.86 32,349,973.41 50,695,423.50 32,430,577.96 50,602,344.49 5,109,369.33 7,322,861.37 5,102,471.00 7,249,420.35-87,502.88 19,637.99 27,328,106.96 43,352,924.14 27,328,106.96 43,352,924.14 236,903,608.28 232,785,155.10 237,111,617.03 232,993,163.85 264,231,715.24 276,138,079.24 264,439,723.99 276,346,087.99 - - - - - - - - 264,231,715.24 276,138,079.24 264,439,723.99 276,346,087.99 - - - - 18,292,513.20 27,438,769.80 18,292,513.20 27,438,769.80 245,939,202.04 248,699,309.44 246,147,210.79 248,907,318.19 1 - - - - 2 - - - - 3 - - - - 4 - - - - 5 - - - - 6 - - - - 15

% 2004 2003 2004 2003 2004 2003 2004 2003 10.08 11.61 10.05 11.56 0.314 0.359 0.314 0.359 1.91 3.68 1.90 3.67 0.059 0.114 0.059 0.114 1.92 3.07 1.92 3.05 0.060 0.095 0.060 0.095 1.65 3.07 1.64 3.05 0.051 0.095 0.051 0.095 16

03 2004 6 30 555,955,548.14 540,423,126.98 38,291,884.28 38,291,884.28 4,859,039.02 4,854,707.30 599,106,471.44 583,569,718.56 457,057,928.26 444,852,989.58 57,599,284.16 56,850,666.55 9,297,949.58 8,692,955.77 70,233,279.68 69,510,274.38 594,188,441.68 579,906,886.28 4,918,029.76 3,662,832.28 31,177,842.00 31,177,842.00 7,920,965.43 7,920,965.43 417,100.00 417,100.00 - - 39,515,907.43 39,515,907.43 105,354,799.65 105,152,380.15 70,000,000.00 70,000,000.00 - - 175,354,799.65 175,152,380.15-135,838,892.22-135,636,472.72 - - 276,103,815.33 276,103,815.33 1,855,280.72 1,855,280.72 277,959,096.05 277,959,096.05 47,457,303.82 47,457,303.82 16,107,487.14 16,107,487.14 - - 63,564,790.96 63,564,790.96 214,394,305.09 214,394,305.09-171,925.00 83,301,517.63 82,420,664.65 17

1. 27,328,106.96 27,328,106.96-87,502.88 - - - 47,247,603.44 46,821,285.12 1,647,759.00 1,647,759.00-940,783.61-940,783.61 - - 4,999,548.94 5,008,049.27 ( ) -7,920,965.43-7,384,357.54 ( ) - - ( ) -4,896,255.60-4,360,239.95 ( ) -130,866,598.49-131,164,836.41 ( ) 68,407,117.43 66,707,849.44 4,918,029.76 3,662,832.28 2. - - - - - - 3. 497,287,531.93 481,788,757.50 : 413,986,014.30 399,368,092.85 - - : - - 83,301,517.63 82,420,664.65 18

2004 6 30 2003 12 31 2004 6 30 17,011,719.14-11,614.02-17,023,333.16 15,658,258.42-11,614.02-15,669,872.44 1,353,460.72 - - - 1,353,460.72 - - - - - - - - - - - - - - 2,384,888.63 - - - 2,384,888.63 2,384,888.63 - - - 2,384,888.63 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2004 6 30 2003 12 31 2004 6 30 17,011,719.14-11,614.02-17,023,333.16 15,658,258.42-11,614.02-15,669,872.44 1,353,460.72 - - - 1,353,460.72 - - - - - - - - - - - - - - - 2,384,888.63 - - - 2,384,888.63 2,384,888.63 - - - 2,384,888.63 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 19

(, ) 1 1993 1996 12 H 1997 7 A 1998 11 2001 9 A 3,000 300 2004 6 30 45,731 214,440 214,440 46.89% 16,720 16,720 3.66% H 150,000 150,000 32.80% A 76,153 76,153 16.65% 457,313 457,313 100% 2 2.1. 2.2. 2.2.1. 50% 50% 2.2.2. 3 3.1. 3.2. 3.3. 20

3.4. 3.5. 3.6. a. b. 3 c. 1 0.5% 1 2 20 2 3 60 3 100 3.7. 21

3.8. 20% 20% 20% 20% 20% 20% 10 10 3.9. 3.9.1. 2,000 : 22

20 5% 10 10% 5 20% 5 20% (1) (2) (3) (4) (5) (6) 3.9.2., (1) 3 (2) 23

(3) 3.10. 10 50 5 3.11. 3.12 3.12.1 2004 6 30 15% 15% 33% 3.12.2., 17% 13% 17% 3.12.3. 7% 3% 24

3.13. 2% 23% 14% 6% 2% 1% 1.5% 3.14. (1) (2) 10 (3) 5 10 (4) (5) 25

4 1 200 176 88% 2 50 35 70% 3 200 180 90% 4 60 36 60% 5 90 47.70 53% 6 30 16.50 55% 7 100 70 70% 8 600 300 50% *1 2003 12 1999 7,, 100,2002 9 200, 88% 12% *2 2002 10, 50 70% 25% 5% *3 2002 3 200 90% 10% *4 2001 8 60 60% 40% 26

*5 2002 3 90 53% 47% *6 2002 12 30 55% 45% *7 2003 11 25 LIPENG 100 70% 30% 2004 6 30 50 15 *8 2003 9 11 600 50% 5 2004.6.30 2003.12.31 54 46 497,234 413,940 497,288 413,986 6 2004.6.30 2003.12.31 - - 1,174-70,000-30,004-70,000-31,178-7 2004.6.30 2003.12.31 52,485 40,951 52,485 40,951 2004 6, 27

8 2004.6.30 % 2003.12.31 % 381,465 92.24 1,229 243,464 88.43 1,217 13,789 3.33 3,075 15,375 5.58 3,075 14,624 3.54 7,690 12,817 4.66 7,690 3,676 0.89 3,676 3,676 1.34 3,676 413,554 100.00 15,670 275,332 100.00 15,658 5 9 2004.6.30 % 2003.12.31 % 84,743 97.41 28 63,016 59.67 28 1,216 1.40 379 21,671 20.52 379 378 0.43 283 20,262 19.19 283 663 0.76 663 663 0.62 663 87,000 100.00 1,353 105,612 100.00 1,353 10 2004.6.30 2003.12.31 3,891 4,157 5 11 2004.6.30 2003.12.31 57,040-31,170-58,668-81,794-123,871 2,385 121,842 2,385 6,960-6,424-9,749-10,162-1,531-1,531-257,819 2,385 252,923 2,385 2004 6 30 28

12 12.1 2003.12.31 2004.6.30 80,108 - - - 80,108-76 - - - 76-80,184 - - - 80,184-12.2 30,000 1.23% 7,000 0.25% 1,500 6% 50 3,200 6% 13,577 50% 24,831 80,108 13 380,684 928,128 23,525 20,259 1,352,596 1,981 5,794 1,019 755 9,549 - - - - - - 1,107 801-1,908 382,665 932,815 23,743 21,014 1,360,237 174,548 447,324 16,246 15,269 653,387 7,542 37,507 1,248 889 47,186-799 801-1,600 182,090 484,032 16,693 16,158 698,973 206,136 480,804 7,279 4,990 699,209 200,575 448,783 7,050 4,856 661,264 29

14 2004.6.30 2003.12.31 204,919 120,597 204,919 120,597 14.1. 1 8,307 11,742 20,049 160,000 100% 2 6,543 4,773 11,316 3 9,459-5 9,454 4 941 272 1,213 9,000 100% 5 103 1,629 329 1,958 9,500 100% 6 GMP 22,278 32,379 54,657 80,000 60% 7 3,509 277 3,786 7,000 8 13,149 6,148 19,297 20,000 9 4,610 1,000 5,610 90% 10 102 E-base 725 596 1,321 2,300 60% 11 776 261 1,037 50% 12 4,921 6,655 11,576 30,000 50% 13 3,399 3,399 3,000 80% 14 43,750 16,496 60,246 120,597 84,322 204,919 *1 *2 15 80,949 1,260 6,450 88,659 65,450 773 4,220 70,443 11,139 467 780 12,386 4,360 20 1,450 5,830 884 125 402 1,411 12,023 592 1,182 13,797 - - - - 68,926 668 5,268 74,862 42 3 5-30

16 2004.6.30 2003.12.31 % 352,803 174,156 1.33-4.779 352,803 174,156 17 2004.6.30 2003.12.31 301 132,328 91,899 132,328 92,200 18 2004.6.30 2003.12.31 144,227 145,347 5% 5% 19 2004.6.30 2003.12.31 9,910 8,541 1 5% 5% 20 2004.6.30 2003.12.31 - - A 3,046 - H - - 6,457 5,795 9,503 5,795 31

21 2004.6.30 2003.12.31 1,321-3,576 15% 202-17,289 11 113 3%--5% 99 213 7% 42 91 3% 209 209 453 415 884 299 1.2% 3,221-19,525 22 2004.6.30 2003.12.31 41,349 37,941 5% 5% 23 2004.6.30 2003.12.31 2,890 5,000-1,200-1,103 3,505-6,395 7,303 32

24 25 2004.6.30 2003.12.31 % * 250,000 200,000 3.51 * 2004.6.30 2003.12.31 1 214,440 214,440 214,440 214,440 - - 2 16,720 16,720 3 - - 4 - - 5 - - 231,160 231,160 1 A 76,153 76,153 2 H 150,000 150,000 3 - - 4 - - 226,153 226,153 457,313 457,313 33

26 2003.12.31 2004.6.30 60,910 - - 60,910 496,851 - - 496,851 1,158 - - 1,158 558,919 - - 558,919 27 2003.12.31 2004.6.30 68,337 - - 68,337 64,797 - - 64,797 26,291 - - 26,291 159,425 - - 159,425 28 2004.6.30 2003.12.31 27,328 42,076 236,903 232,785 264,231 274,861 (10%) - 4,208 (5%) - 2,103 264,231 268,550 (10%) - 4,208 18,292 27,439 - - 245,939 236,903 34

29 2004.1-6 2003.1-6 2004.1-6 2003.1-6 490,542 412,085 409,963 322,766 326,679 249,736 273,153 196,083 279,854 245,709 217,848 171,555 31,740 19,557 29,788 16,580 802,136 677,351 657,599 510,901 30 2004.1-6 2003.1-6 7% 736 1,650 3% 316 707 5% 63 1,115 2,357 31 2004.1-6 2003.1-6 9,302 9,475-173 12,705 13,233-528 5,420 5,285 135 5,496 5,455 41 - - - 50 28 22 963-963 1,138 62 1,076 15,685 14,760 925 19,389 18,778 611 35

32 2004.1-6 2003.1-6 6,827 6,722 839 563 2,873 2,916 204 421 3-281 5,000 4,509 33 2004.1-6 2003.1-6 7,921 350 7,921 350 34 2004.1-6 2003.1-6 1,198 1,309 9 53 202 1,409 1,362 35 2004.1-6 2003.1-6 308 332 2 1 4,142 2,722 4,452 3,055 36

36 36.1. 2004.6.30 % 2003.12.31 % 381,465 92.24 1,229 243,414 88.42 1,217 13,789 3.33 3,075 15,375 5.59 3,075 14,624 3.54 7,690 12,817 4.66 7,690 3,676 0.89 3,676 3,676 1.33 3,676 413,554 100.00 15,670 275,282 100.00 15,658 5 36.2. 2004.6.30 % 2003.12.31 % 86,067 97.44 28 64,128 60.10 28 1,216 1.38 379 21,654 20.29 379 378 0.43 283 20,262 18.99 283 663 0.75 663 663 0.62 663 88,324 100.00 1,353 106,707 100.00 1,353 36.3. 2003.12.31 2004.6.30 92,010 - - - 91,474-76 - - - 76-92,086 - - - 91,550-37

: 30,000 1.23% 7,000 0.25% 1,500 6% 50 3,200 6% 13,577 1,800 90% 1,760 88% 2,897 70% 24,831 50% 4,597 70% 91,162 36.4. 2004.1-6 2003.1-6 2004.1-6 2003.1-6 490,542 412,085 409,963 322,766 326,679 249,736 273,153 196,083 279,854 245,709 217,848 171,555 22,741 11,197 22,885 11,474 793,137 668,991 650,696 505,795 36.5 2004.1-6 2003.1-6 7,921-537 309 7,384 309 38

37 37.1. 2004 6 30 29,850 2,320 1,540 310.5 1,138.8 1,930.1 317.4 39

37.2. 37.2.1. ( ) 12,100 27,893 210 2,135 1,270 5,784 1,800 471 420 (5,181) 37.2.2. ( ) 22,050 27,893 3,180 250 9,640 5,181 37.2.3. ( ) 6,212 3,340 38 39 2004 7 20 130,000,000 2004 7 28 40

1 2004 6 30 2003 6 30 6 6 2 806,803 677,351 (658,943) (513,957) ----------- ----------- 147,860 163,394 3,836 3,813 (66,364) (56,693) (44,924) (50,735) (4,490) (1,630) ----------- ----------- 3 35,918 58,149 (7,873) (6,722) ----------- ----------- 28,045 51,427 4 (4,187) (7,433) ----------- ----------- 23,858 43,994 88 (20) ----------- ----------- 23,946 43,974 =========== =========== 14 - - =========== =========== 5 0.0524 0.0962 =========== =========== 41

2 2004 6 30 2003 12 31 6 5,269 4,220 6 735,063 769,253 6 215,125 130,803 24,831 24,831 55,277 55,277 1,035,565 984,384 ------------ ------------ 255,434 250,538 7 450,369 300,217 52,637 53,250 2,826 30,946 34,292 34,341 76 76 67,105 34,751-3,576 497,288 413,986 1,360,027 1,121,681 ------------- ------------- 8 276,555 237,547 63,314 47,235 9 352,803 174,156 1,321-693,993 458,938 ------------- ------------- 666,034 662,743 ----------- ----------- 1,701,599 1,647,127 11 457,313 457,313 986,943 963,170-18,293 1,444,256 1,438,776 3,882 3,968 10 3,461 4,383, 9 250,000 200,000 1,701,599 1,647,127 42

3 2004 2003 6 30 6 6 30 6 ( )/ (21,895) 98,632 (123,450) (160,972) /( ) 228,647 (11,149) 83,302 (73,489) 413,986 503,467 497,288 429,978 497,288 429,978 4 2004 2003 6 30 6 6 30 6 1 1 1,438,776 1,414,433 12 ( ) - 621 1 1, 1,438,776 1,415,054 23,946 43,974 (18,293) (27,439) (173) - 6 30 1,444,256 1,431,589 43

1 25 16 2 (i) 2004 6 30 6 2003 6 30 6 810,639-810,639 680,814 350 681,164 34,466 1,452 35,918 57,799 350 58,149 (ii) 2004 6 2003 6 2004 6 2003 6 30 6 30 6 30 6 30 6 ( ) 524,836 434,956 107,651 114,375 103,370 84,008 13,637 19,239 126,249 97,541 15,427 19,515 52,348 60,846 14,981 13,321 806,803 677,351 151,696 166,450 (115,778) (108,301) 35,918 58,149 44

3 2004 6 2003 6 30 6 30 6 890 977 43,227 39,699 401-6,469 - ( ) 41,483 45,514 10,044 10,517 4 2004 6 2003 6 30 6 30 6 5,109 7,323 ( 10) (922) 110 4,187 7,433 (a) 2004 6 30 15% (b) ( : ) 45

: 2004 6 2003 6 30 6 30 6 28,045 51,427 33% (2003 : 33%) 9,255 16,971 (5,048) (9,257) (20) (731) - 450 4,187 7,433 5 23,946 2003 : 43,974 457 312 830 2003 457,312,830 6 2004 6 30 6 4,220 769,253 130,803 904,276 1,450 9,346 84,322 95,118 - (309) - (309) / (401) (43,227) - (43,628) 5,269 735,063 215,125 955,457 46

7 2004 6 30 432,721 282,790 10,714 12,300 6,934 5,127 450,369 300,217 8 2004 6 30 271,909 233,507 1,125 580 620 523 2,901 2,937 276,555 237,547 9 2004 6 30 352,803 174,156 250,000 200,000 602,803 374,156 47

10 4,383 2,565 ( )/ ( ) (922) 110 3,461 2,675 : 3,220 3,186 241 1,197 3,461 4,383 11 48 307,312,830 ( 307,312,830 ) A 1.00 307,313 307,313 150,000,000 ( 150,000,000 ) H 1.00 150,000 150,000 457,313 457,313 307,312,830 ( 307,312,830 ) A 1.00 214,440 214,440 16,720 16,720 76,153 76,153 307,313 307,313 150,000,000 ( 150,000,000 ) H 1.00 150,000 150,000 457,313 457,313

12 12,920 12,920 56,032 149,700 68,952 162,620 13 2004 2003 6 30 6 6 30 6-15,050 14,030-34,870 34,830-750 - - - 5,980-6,212 - ( : 2,810,000 ) 3,340,000 ( : -2,940,000 ) 14 2004 6 30 6 2003 15 2004 6 30 6 49

16 2004 7 20 130,000,000 2004 7 28 2004 6 30 6 1 2 2004 7 28 50