2004 OO

2004 1 2 2 4 5 5 8 11 13 15 17 29 44

2004 1 NAFINE CHEMICAL INDUSTRY GROUP CO.,LTD. 2 000737 3 294 044000 http//www.nafine.com nafine@nafine.com 4 5 : 294 044000 0359-8967035 0359-2023302 nafine@nafine.com 6 http://www.cninfo.com.cn 2

2004 7 1996 4 2 294 1400001004677-1 14270111368887 21 21 2004 6 30 2003 12 31 (%) 1,856,543,099.66 1,786,240,959.36 3.94 1,674,268,423.81 1,598,784,552.36 4.72 3,446,948,902.85 3,389,300,670.29 1.70 ( ) 1,416,119,876.11 1,407,520,381.41 0.61 3.10 3.08 0.65 2.96 2.97-0.34 2004 1 6 2003 1 6 (%) 8,599,494.70 24,799,049.13-65.32 5,189,068.21 25,798,059.75-79.89 0.019 0.054-64.81 0.019 0.054-64.81 % 0.61 1.79-1.18 0.61 1.81-1.20 162,589,822.54 127,220,010.37 27.80 3,410,426.49-65,203.14-104,057.70 93,591.55 3,177,203.24 308,892.54 3

2004 9 % 14.19 14.23 0.44 0.44 1.15 1.15 0.04 0.04 0.61 0.61 0.019 0.019 0.37 0.37 0.011 0.011 2004 6 30 74606 1 ( ) ( ) (%) ( ) 1 0 204,180,00 44.65 0 2 0 39,600,000 8.66 0 3 1,748,100 0.38 4 0 1,320,000 0.29 0 5 0 1,320,000 0.29 0 6 0 1,320,000 0.29 0 7 277,178 584,747 0.13 100 8 558,000 0.12 9 0 350,000 0.08 10 0 322,000 0.07 4

2004 1 5% 2 1 2 4 5 6 2 A B H 1 1,748,100 A 2 584,747 100 A 3 558,000 A 4 350,000 A 5 322,000 A 6 305,964 A 7 280,090 A 8 267,070 A 9 261,100 A 10 258,000 A 111,540 2004 4 6 2004 4 8 1 5

2004 2004 1 6 2003 1 6 (%) 1,339,141,671.54 1,397,081,348.67-4.15 200,967,383.37 276,125,242.03-27.22 8,599,494.70 24,799,049.13-65.32 135,002,357.30 107,597,974.83 25.47 1 57,939,677.13 2 75,157,858.66 3 16,199,554.43 4 27,404,382.47 2 2004 6 30 2003 12 31 % 3,446,948,902.85 3,389,300,670.29 1.7 1,416,119,876.11 1,407,520,381.41 0.61 1 1.7% 2 0.61% 6

10% 2004 7 (%) % % 1,315,665,795.92 1,115,318,192.01 15.23-5.18 0.60-4.87 27,984,015.45 21,242,735.79 24.09 51.57 38.53 7.15 1,343,649,811.37 1,136,560,927.80 15.41-4.44 1.12-4.65 4,508,139.83 4,198,289.56 6.87-49.73-36.82-19.04 250,293,535.49 169,945,437.32 32.10-23.62-22.80-0.73 1,778,695.39 1,634,507.87 8.11-78.08-72.32-19.12 636,572,977.16 552,663,013.57 13.18-10.24-3.60-5.99 2,514,262.35 2,348,599.60 6.59 194.26 217.28-6.78 39.91 68,182,331.11 65,915,324.44 150,688,774.60 138,200,091.27 1,120,270,565.83 927,937,372.26 1,339,141,671.54 1,132,052,787.97 10% 1 2 5 3 4 1 2

2004 1 2 2004 2003 11 18 38.33% 2003 8 31 [2003] 162 6903.49, 7969.18, 15.44% 1330.63, 190.63-85.67% 5572.87, 7778.55, 39.58% 38.33% 2981.52 2800 2004 3 5 2800 474.21 1 92 2 8

2004 31,000 2005 12 24 3 2000 160,000 2002 10 9 2002 2002 10 26 2004 6 30 31,000 2003 11 26 31,000 2004 6 30 141,611.99 21.89% 9

2004 50% 70% OO 5% 5% 2003 12 31 5,059,771.85 2004 6 30 10,190,482.70 2004 5,130,710.85 1 2004 4 8 2003 2003 2 2004 4 24 2004 3 2004 5 12 2003 4 2004 6 28 2004 10

2004 2004 6 30 2004.6.30 2003.12.31 2004.6.30 2003.12.31 448,892,186.21 313,889,828.91 1,035,496,000.00 1,020,696,000.00 1,100,410.00 4,320,410.00 57,249,134.15 32,098,142.10 31,509,246.69 26,547,597.88 276,072,043.92 286,641,833.84 - - 28,212,660.91 50,024,447.82 - - 337,419.62 495,913.71 556,395,224.40 599,253,872.46 16,299,650.11 15,432,051.63 285,130,537.08 321,956,886.76 3,115,395.17 11,508,173.25 43,216,423.76 54,501,250.34-2,401,155.25-9,132,765.38 50,000.00 50,000.00 2,813,548.34 2,722,521.23 482,342,262.73 462,687,926.16 156,482,593.90 126,633,545.04 7,906,808.79 3,033,186.85 20,591,132.94 11,664,689.12 - - 80,000,000.00 50,000,000.00 - - - - 1,856,543,099.66 1,786,240,959.36 1,674,268,423.81 1,598,784,552.36 - - 14,453,706.46 36,453,706.46 - - 139,000,000.00 169,000,000.00 14,453,706.46 36,453,706.46 570,944.82 609,435.48 - - - - 2,189,997,999.26 2,146,388,890.25-834,592,105.17 778,575,699.34 1,355,405,894.09 1,367,813,190.91 139,000,000.00 169,000,000.00 1,399,068.97 1,399,068.97 1,354,006,825.12 1,366,414,121.94 785,979.01 658,321.44 1,813,268,423.81 1,767,784,552.36 203,283,071.19 181,595,491.24 217,560,602.93 213,995,736.52 - - 1,558,075,875.32 1,548,667,934.62 457,300,000.00 457,300,000.00 - - 13,191,638.08 14,133,512.82 457,300,000.00 457,300,000.00 4,113,638.51 3,195,121.55 730,597,790.75 730,597,790.75 - - 113,801,643.41 113,801,643.41 17,305,276.59 17,328,634.37 35,531,499.97 35,531,499.97 - - 114,420,441.95 105,820,947.25 - - 1,416,119,876.11 1,407,520,381.41 3,446,948,902.85 3,389,300,670.29 3,446,948,902.85 3,389,300,670.29 11

2004 2004 6 30 2004.6.30 2003.12.31 2004.6.30 2003.12.31 353,545,111.85 197,711,084.03 754,220,000.00 674,220,000.00 3,220,000.00 - - 4,625,608.00 1,131,000.00 98,783,488.53 88,993,265.36 19,053,393.01 32,610,029.27 561,791.50 15,236,789.40 - - - - 254,904,826.26 271,062,691.71 6,068,688.00 5,783,089.47 465,557,699.42 496,287,435.13 - - 2,161,047.00 10,353,342.66-12,522,360.66-11,996,031.31 50,000.00 50,000.00 1,740,247.52 1,734,225.72 152,454,476.45 141,688,073.93 36,189,432.15 27,058,839.07 3,520,607.46 291,557.87 3,044,494.87 1,036,934.73 - - 50,000,000.00 50,000,000.00 - - - - 1,255,872,769.45 1,154,405,214.60 938,085,781.91 852,067,112.44 - - 768,005,975.83 783,260,299.36 - - 139,000,000.00 139,000,000.00 768,005,975.83 783,260,299.36 - - 684,040,112.31 675,612,995.86 278,768,337.47 272,728,731.44 405,271,774.84 402,884,264.42 139,000,000.00 139,000,000.00 - - 405,271,774.84 402,884,264.42 349,609.68 174,777.44 1,077,085,781.91 991,067,112.44 58,463,971.44 53,631,595.53 - - 464,085,355.96 456,690,637.39 457,300,000.00 457,300,000.00 - - 4,075,577.50 4,231,342.50 457,300,000.00 457,300,000.00 1,165,979.28-730,597,790.75 730,597,790.75 - - 76,812,627.31 76,812,627.31 5,241,556.78 4,231,342.50 25,604,209.10 25,604,209.10 - - 151,409,458.05 142,809,963.35 - - 1,416,119,876.11 1,407,520,381.41 2,493,205,658.02 2,398,587,493.85 2,493,205,658.02 2,398,587,493.85 12

2004 2004 6 2004 1 6 2003 1 6 1,339,141,671.54 1,397,081,348.67 1,132,052,787.97 1,115,056,385.83 6,121,500.20 5,899,720.81-200,967,383.37 276,125,242.03-7,633,500.92 5,156,142.24 103,063,330.67 145,083,594.44 59,404,931.48 62,958,483.60 29,845,878.81 30,689,531.03-16,286,743.33 42,549,775.20-4,828,701.46-408,844.53 1,610,825.51 560,850.28 886,605.57 431,019.09 957,192.94 1,904,908.17-22,655,682.93 41,227,891.87 11,291,321.82 10,255,789.30 2,764,866.41 6,173,053.44-8,599,494.70 24,799,049.13 105,820,947.25 80,091,172.20 114,420,441.95 104,890,221.33 - - - - 114,420,441.95 104,890,221.33 114,420,441.95 104,890,221.33 2004 1 6 2003 1 6 1 2 3-4 5 6 13

2004 2004 6 2004 1 6 2003 1 6 373,361,223.86 406,686,689.42 320,010,456.09 308,540,790.23 2,276,334.70 3,189,445.30-51,074,433.07 94,956,453.89-113,067.07 174,123.60 23,615,098.66 50,532,353.08 14,333,488.40 19,853,088.27 16,561,050.59 18,323,576.43 - -3,322,137.51 6,421,559.71-12,612,868.59 20,979,997.98 119,992.27 132,138.57 409,649.40 854,560.11-9,001,073.95 26,679,136.15 401,579.25 1,880,087.02-8,599,494.70 24,799,049.13 142,809,963.35 110,156,371.36 151,409,458.05 134,955,420.49 - - - - 151,409,458.05 134,955,420.49 151,409,458.05 134,955,420.49 2004 1 6 2003 1 6 1 2 3-4 5 6 14

2004 2004 6 : 1 1,681,570,096.48 8,599,494.70 12,874,627.88 : 2,764,866.41 8,575,277.55-784,168.02 1,703,020,001.91 68,699,007.46 1,223,459,415.20 941,874.74 79,893,873.84 247,462.32 94,211,798.85 ( : ) -4,873,621.94 142,865,091.48 ( : ) 8,926,443.82 1,540,430,179.37-139,688.88 162,589,822.54 ( : ) - 26,220,000.00 29,845,878.81 4,925,097.74 ( : ) -4,828,701.46 ( : ) 175,700.00 ( : ) -19,244,336.57 1,700,000.00 : ) 59,722,257.67 33,020,797.74 ( : ) 12,713,053.48 45,295,059.61 162,589,822.54 1,000,000.00-46,295,059.61 2-13,274,261.87-617,080,000.00-617,080,000.00 602,280,000.00 29,053,104.30 3-448,892,186.21 631,333,104.30 313,889,828.91-14,253,104.30-60,099.07 135,002,357.30 135,002,357.30 : 15

2004 2004 6 : 1 500,504,499.41 8,599,494.70 - : -296,717.19-18,342,357.81 500,504,499.41 155,765.00 337,413,404.79-36,309,312.29 ( : ) -3,229,049.59 24,468,306.77 ( : ) 2,007,560.14 39,869,639.54-106,759.27 438,060,663.39 ( : ) 62,443,836.02 16,561,050.59 26,220,000.00 ( : ) -12,612,868.59 18,481,734.00 ( : ) ( : ) -10,766,402.52 - : ) 47,800,514.27 - ( : ) -4,011,109.33 44,701,734.00 62,443,836.02 8,305,833.78 - - 8,305,833.78 2 36,395,900.22-490,280,000.00-490,280,000.00 410,280,000.00 22,947,802.80 3-353,545,111.85 433,227,802.80 197,711,084.03 57,052,197.20-57,905.62 155,834,027.82 155,834,027.82 : 16

2004 2004 6 30 8,060,901.10-374,168.02-7,686,733.08 7,738,621.93-337,304.81-7,401,317.12 322,279.17-36,863.21-285,415.96 2,854,209.70-410,000.00 2,444,209.70 617,271.66 167,148.94 450,122.72 2,236,938.04 242,851.06 1,994,086.98 1,399,068.97 1,399,068.97-1,399,068.97 1,399,068.97 : 17

2004 2004 6 30 3,062,585.34-296,717.19-2,765,868.15 2,878,416.73-304,807.62-2,573,609.11 184,168.61 8,090.43-192,259.04 : 18

2004 2004 1996 47 1996 4 2 1997 98 99 1997 4 8 6200 4 28 1998 7 1998 51 1860 8.5 20237 1999 1998 20237 10 2 10 8 40474 2000 2000 88 1999 40474 10 3 5256 2000 12 31 45730 1 2 1 1 12 31 3 19

4 2004 5 6 7 8 1 1 10 1 2 15 2 3 20 3 5 30 5 100% 9 20

2004 10 20% 20% 20% 50% 50% 10 11 21

2004 2000 % 20 30 3.20 4.80 4% 14 6.86 4% 12 14 6.86 8.00 4% 8 11.88 5% 12 13 14 10 22

2004 15 16 17 18 [1995]11 23

2004 1 17% 5% 5% 0.7 / 7% 3% * 1.5% ** 1 *** 1% **** 1 * 1995 71 1.5% ** 1 *** 1997 14 1997 1 1 1% **** 1996 48 1 2 33% 1 2 33% 3 1.2% --- 24

2004 ( ) % 11,500 113,000,000.00 98.26 5,000 4,250,000.00 85.00 400 3,600,000.00 90.00 8200 81,750,000.00 99.70 62,291,931.90 43,604,350.33 70.00 975.50 9,455,000.00 96.92 1,520 15,000,000.00 98.68 200 1,800,000.00 90.00 12,300 54,000,000.00 43.90 55,980,825.24 41,514,095.24 74.15 2,500 23,000,000.00 92.00 18,000 91,800,000.00 51.00 5,000 47,000,000.00 94.00 4,500 22,950,000.00 51.00 6,000 59,400,000.00 99.00 2,500 24,500,000.00 98.00 500 3,000,000.00 60.00 1000 4,500,000.00 45.00 3066 22,734,400.00 74.15 1 10% 2 5% 3 4 25

2004 1 2004.06.30 2003.12.31 1,276,047.90 229,053.82 447,616,138.31 313,660,775.09 448,892,186.21 313,889,828.91 135,002,357.30 2 2004.06.30 2003.12.31 1,100,410.00 4,320,410.00 (1) 100,410, 100 (2) 3 4 A 1 2004.06.30 2003.12.31 31,509,246.69 26,547,597.88 2004.06.30 2003.12.31 % % 1 360,810,247.98 64.00 3,608,102.48 420,755,808.06 69.32 4,207,558.08 1-2 119,712,830.89 21.23 1,795,692.46 100,607,797.51 16.57 1,509,116.96 2-3 50,068,171.69 8.88 1,001,363.44 54,691,977.79 9.01 1,093,839.56 3 33,205,290.96 5.89 996,158.74 30,936,911.03 5.10 928,107.33 563,796,541.52 100.00 7,401,317.12 606,992,494.39 100.00 7,738,621.93 2 20,792,445.12 3.69% 3 5% 5% 26

2004 B 1 2004.06.30 2003.12.31 1190,085,269.14 66.60 190,085.27 251,454,322.70 78.03 251,454.32 1-2 47,599,921.08 16.68 47,599.92 43,762,634.69 13.58 43,762.64 2-3 29,996,093.01 10.51 29,996.10 13,967,070.20 4.33 13,967.07 317,734,669.81 6.21 17,734.67 13,095,138.34 4.06 13,095.14 285,415,953.04 100.00 285,415.96 322,279,165.93 100.00 322,279.17 2 18,755,471.50 6.58% 3 5% 5% 5 1 2004.06.30 2003.12.31 % % 1 43,216,423.76 100.00 54,501,250.34 100.00 1 2 -- -- -- -- 2 3 -- -- -- -- 3 -- -- -- -- 43,216,423.76 100.00 54,501,250.34 100.00 2 6,111,375.44 14.14% 3 5% 5% 6 2004.06.30 2003.12.31 50,000.00 50,000.00 50,000.00 50,000.00 7 2004.06.30 2003.12.31 225,824,039.57 1,994,086.98 211,356,652.66 2,236,938.04 64,686,963.16 -- 65,589,923.18 -- 163,176,502.77 450,122.72 168,097,437.94 617,271.66 6,826,236.04 -- 6,922,136.39 -- 24,272,730.89 -- 13,575,985.69 -- 484,786,472.43 2,444,209.70 465,542135.86 2,854,209.70 27

8 2004 2003.12.31 2004.06.30 64,134.87 -- -- -- 64,134.87 281,895.21 3,687,827.79 3,842,070.74 -- 127,652.26 1,593,169.51 3,508,999.05 2,223,342.19 -- 2,878,826.37 41,849.36 5,502.30 23,458.56 -- 23,893.10 168,099.00 284,085.40 238,972.60 -- 213,211.80 -- 3,828,706.67 3,001,256.06 -- 827,450.61 884,038.90 11,180,977.60 8,293,376.72 -- 3,771,639.78 3,033,186.85 22,496,098.81 17,622,476.87 -- 7,906,808.79 9 2003.12.31 2004.6.30 -- -- -- -- -- -- 36,453,706.46 -- 1,000,000.00 23,000,000.00 14,453,706.46 -- -- -- -- -- -- -- 36,453,706.46 -- 1,000,000.00 23,000,000.00 14,453,706.46 -- (1) (%) 20 4.00 5,910,000.00 -- -- 5.00 50,000.00 -- -- 19.38 5,000,000.00 -- -- 45.26 2,493,706.46 -- -- 19.87 1,000,000.00 -- -- -- 14,453,706.46 -- 100 19.87%. 2 3 2004 6 30 10 28

2004 A 2003.12.31 2004.06.30 781,109,908.13 17,510,685.19 6,346,694.52 792,273,898.80 702,961,202.69 20,776,378.21 3,357,213.61 720,380,367.29 568,108,253.64 17,985,109.31 3,927,672.89 582,165,690.06 94,209,525.79 1,772,905.60 804,388.28 95,178,043.11 2,146,388,890.25 58,045,078.31 14,435,969.30 2,189,997,999.26 B 2003.12.31 2004.06.30 250,879,034.78 14,690,034.48 6,222,291.92 259,346,777.34 264,166,895.05 29,717,496.10 3,083,704.15 290,800,687.00 227,833,231.17 18,660,594.02 2,995,238.48 243,498,586.71 35,696,538.34 6,024,889.15 775,373.37 40,946,054.12 778,575,699.34 69,093,013.75 13,076,607.92 834,592,105.17 C 2003.12.31 2004.06.30 -- -- -- -- 1,399,068.97 -- -- 1,399,068.97 1,399,068.97 -- -- 1,399,068.97 D 2004.06.30 2003.12.31 1,354,006,825.12 1,366,414,121.94 1 36,908,494.23 2 595,445.25 337,838.51 290,851.61 895,082.37 186,281.55 708,800.82 489,417.13 460,402.22 73,500.00 1,979,944.75 984,522.28 1,073,152.43 11 2004.06.30 2003.12.31 233,777.04 375,209.44 --- --- 552,201.97 283,112.00 785,979.01 658,321.44 29

12 A 2004 2003.12.31 2004.06.30 -- 317,024.16 -- 317,024.16 -- 209,665.00 -- 209,665.00 -- 6,600,000.00 -- 6,600,000.00 -- 121,500.00 6,500.00 115,000.00 10,801,659.76 2,163,204.87 -- 12,964,864.63 185,484.00 -- -- 185,484.00 318,763.00 -- 40,000.00 278,763.00 LCO 36,790,076.33 945,564.91 -- 37,735,641.24 26,022,389.49 12,558,736.14 2,608,871.43 35,972,254.20 20,473,996.08 12,808,469.31 9,292,334.61 23,990,130.78 14,598,503.99 9,677,394.54 4,860,452.23 19,415,446.30 4,396,079.14 7,394,155.64 -- 11,790,234.78 25,859,366.58 1,907,764.49 20,100,335.96 7,666,795.11 42,149,172.87 3,892,595.12 -- 46,041,767.99 181,595,491.24 58,596,074.18 36,908,494.23 203,283,071.19 -- B 13 2003.12.31 2004.06.30 7,202,818.00 4,780,921.55 -- 479,795.08 2,901,691.53 4,301,126.47 42-94 2,044,000.00 1,279,900.00 -- 102,200.00 866,300.00 1,177,700.00 33-71 5,620,900.00 4,481,106.40 -- 93,681.66 1,233,475.26 4,387,424.74 281 5,321,600.00 3,591,584.87 -- 266,198.00 1,996,213.13 3,325,386.87 -- - 20,189,318.00 14,133,512.82 -- 941,874.74 6,997,679.92 13,191,638.08 69 14 2003.12.31 2004.06.30 42,000.00 25,375.00 -- 2,625.00 19,250.00 22,750.00 975,000.00 488,166.67 -- 91,000.06 577,833.39 397,166.61 223,600.00 149,001.58 -- 26,860.02 101,458.44 122,141.56 350,022.70 350,022.70 -- 35,002.26 35,002.26 315,020.44 3,106,868.21 1,940,888.93 1,165,979.28 79,474.98 79,474.98 3,027,393.23 250,000.00 241,666.67 -- 12,500.00 20,833.33 229,166.67 4,947,490.91 3,195,121.55 1,165,979.28 247,462.32 833,852.40 4,113,638.51 30

2004 15 407,846,000.00 371,846,000.00 151,990,000.00 148,990,000.00 475,660,000.00 499,860,000.00 1,035,496,000.00 1,020,696,000.00 31,490,000.00 5,500,000.00 15,000,000.00 100,000,000.00 151,990,000.00 --- 174,000,000.00 80,000,000.00 23,800,000.00 40,000,000.00 -- 103,800,000.00 4,700,000.00 17,000,000.00 28,850,000.00 3,510,000.00 475,660,000.00 --- 16 2004.06.30 2003.12.31 57,249,134.15 32,098,142.10 -- 17 2004.06.30 (%) 2003.12.31 (%) 1 261,978,403.07 94.89 270,536,126.35 94.38 1-2 14,093,640.85 5.11 16,105,707.49 5.62 276,072,043.92 100.00 286,641,833.84 100 1 22,168,200.51 8.03% 31

2004 2 5% 5% 18 2004.06.30 (%) 2003.12.31 (%) 1 123,968,751.09 79.22 119,720,035.86 94.54 1-2 32,513,842.81 20.78 6,913,509.18 5.46 156,482,593.90 100.00 126,633,545.04 100 1 18,696,457.22 11.95% 2 5% 5% 19 2004.06.30 2003.12.31 28,212,660.91 50,024,447.82 --- 1 1,658,536.92 5.88% 2 5% 5% 20 2004.06.30 2003.12.31 337,419.62 495,913.71 16,299,650.11 15,432,051.63 21 2004.06.30 2003.12.31 866,078.33 777,603.05 777,603.05 1,857,994.59 234,748.07 479,797.53 479,797.53 -- 5,526,699.75 -- 3,623,246.52 3,115,395.17 11,508,173.25 32

2004 22 2004.06.30 2003.12.31 2,175,627.73-6,005,691.64-14,865.46-17,551.31 328,191.24 163,576.05 959,254.74 1,113,595.96 949,899.27 858,456.34-9,969,114.09-10,369,176.07 1,207,222.00 1,125,798.80 17,733.85 34,377.78 1,712,010.76 3,721,411.09 232,884.71 242,407.62 0.00 30.00-2,401,155.25-9,132,765.38 23 2004.06.30 2003.12.31 352,066.18 306,093.05 1,613,084.06 1,547,550.63 132,453.59 122,333.25 138,134.42 157,646.06 213,410.47 143,351.41 45,108.33 40,693.04 319,291.29 404,853.79 2,813,548.34 2,722,521.23 24 2004.06.30 2003.12.31 1,800,461.22 1,552,358.52 9,966,772.79 5,438,790.89 1,100,300.65 139,637.53 353,067.90 4,533,902.18 5,615,670.91 -- 1,754,859.47 -- 20,591,132.94 11,664,689.12 25 2004.06.30 2003.12.31 80,000,000.00 50,000,000.00 80.000,000.00 50,000,000.00 33

2004 8000 5000 3000 26 2004.06.30 2003.12.31 3,000,000.00 3,000,000.00 136,000,000.00 166,000,000.00 139,000,000.00 169,000,000.00 13,600 27 -- -- -- -- -- - -- 1 247,740,000.00 -- -- -- -- - 247,740,000.00 245,100,000.00 -- -- -- -- - 245,100,000.00 2,640,000.00 -- -- -- -- - 2,640,000.00 -- -- -- -- -- - -- -- -- -- -- -- - -- 2 -- -- -- -- -- - -- 3 -- -- -- -- -- - -- 4 -- -- -- -- -- - -- 247,740,000.00 -- -- -- -- - 247,740,000.00 -- -- -- -- -- - -- 1 (A ) 209,560,000.00 -- -- -- -- - 209,560,000.00 2 -- -- -- -- -- - -- 3 -- -- -- -- -- - -- 4 -- -- -- -- -- - -- 209,560,000.00 -- -- -- -- - 209,560,000.00 457,300,000.00 -- -- -- -- - 457,300,000.00 28 2003.12.31 2004.06.30 634,142,343.14 -- -- 634,142,343.14 62,504,066.62 -- -- 62,504,066.62 18,492,987.62 -- -- 18,492,987.62 2,898,995.07 -- -- 2,898,995.07 1,519,398.30 -- -- 1,519,398.30 11,040,000.00 -- -- 11,040,000.00 730,597,790.75 -- -- 730,597,790.75 34

29 2004 2003.12.31 2004.06.30 78,270,143.44 -- -- 78,270,143.44 35,531,499.97 -- -- 35,531,499.97 113,801,643.41 -- -- 113,801,643.41 30 1 2 10% 3 5% 4 5 1 8,599,494.70 105,820,947.25 2 114,420,441.95 -- -- 3 114,420,441.95 -- 4 114,420,441.95 31 2004 1 6 2003 1 6 2004 1 6 2003 1 6 63,662,370.68 48,228,717.73 57,162,605.61 41,517,365.81 248,514,840.10 319,589,372.35 168,166,741.93 212,012,328.13 741,161,830.76 793,101,887.97 649,049,971.82 648,312,954.87 58,888,209.52 85,334,486.92 62,474,396.74 83,114,154.48 AES 72,645,424.57 36,185,230.55 64,370,531.97 32,296,639.75 154,268,995.91 114,641,653.15 130,828,539.90 97,802,942.79 1,339,141,671.54 1,397,081,348.67 1,132,052,787.97 1,115,056,385.83 69,678,893.66 5.20% 35

32 2004 1 6 2003 1 6 6,121,500.20 5,899,720.81 2004 33 2004 1 6 2003 1 6 75,408,350.02 56,677,891.42 2,845,192.00 1,312,856.00 117,528,194.63 89,409,094.32 18,133,789.60 10,013,381.47 213,915,526.25 157,413,223.21 2004 1 6 2003 1 6 73,796,086.30 54,160,001.28 1,644,470.05 831,667.68 115,618,069.25 89,065,064.91 15,223,399.73 8,200,347.10 206,282,025.33 152,257,080.97 2004 1 6 2003 1 6 1,612,263.72 2,517,890.14 1,200,721.95 481,188.32 1,910,125.38 344,029.41 2,910,389.87 1,813,034.37 7,633,500.92 5,156,142.24 34 2004 1 6 2003 1 6 33,066,537.41 34,090,078.11 4,162,985.84 4,401,496.34 193,951.51 61,014.16 748,375.73 939,935.10 29,845,878.81 30,689,531.03 35 2004 1 6 2003 1 6 4,828,701.46-408,844.53 4,828,701.46-408,844.53 4,742,094.38 35,757.69 89,340.05-38,490.66 36

2004 36 2004 1 6 2003 1 6 1,610,825.51 560,850.28 97 156 37 2004 1 6 2003 1 6 60,273.03 97,520.12 140,730.79 248,841.88 -- 38,680.01 * 652,930.00 -- -- 22,000.00 32,671.75 23,977.08 886,605.57 431,019.09 * 38 2004 1 6 2003 1 6 215,500.00 31,560.00 333,360.00 431,518.60 157,591.15 492,115.63 155,310.00 -- 1,041.91 717,373.91 85,321.78 43,359.86 -- 174,148.35 9,068.10 14,831.82 957,192.94 1,904,908.17 39 142,818,094.52 37 30,600,557.00 13,825,388.49 8,236,330.70 41,335,603.61 4,217,839.86

2004 1 1 2004.06.30 2003.12.31 % % 1 209,902,232.65 81.52 1,645,837.60 229,646,018.80 83.83 2009149.27 1 2 28,399,280.37 11.03 425,989.21 25,595,175.29 9.35 383927.63 2 3 7,352,536.41 2.86 147,050.73 7,565,759.55 2.76 151315.19 3 5 11,824,385.94 4.59 354,731.57 11,134,154.80 4.06 334024.64 257,478,435.37 100 2,573,609.11 273,941,108.44 100.00 2,878,416.73 2 12,313,210.32 4.78% 3 5% 5% 2 1 2004.06.30 2003.12.31 % % 1 383,895,673.37 82.43 110,404.75 431,633,458.11 86.94 119,330.47 1 2 38,722,019.78 8.31 38,722.02 41,137,731.90 8.28 41,137.73 2 3 28,603,684.31 6.14 28,603.69 12,151,375.26 2.45 12,151.37 3 5 14,528,581.00 3.12 14,528.58 11,549,038.47 2.33 11,549.04 465,749,958.46 100 192,259.04 496,471,603.74 100.00 184,168.61 2 16,333,543.77 3.51% 3 5% 5% 3 2003.12.31 2004.06.30 749,300,299.36 -- 7,745,676.47 757,045,975.83-33,960,000.00 -- -23,000,000.00 10,960,000.00-783,260,299.36 -- -15,254,323.53 768,005,975.83-38

1 2004 9,455,000.00 -- 8,805,057.03-311,662.01-961,604.98 8,493,395.02 15,000,000.00 -- 13,533,002.99 -- -1,466,997.01 13,533,002.99 81,750,000.00 -- 97,577,838.14 47,003.17 15,874,841.31 97,624,841.31 1,800,000.00 -- 1,834,092.57 27,705.78 61,798.35 1,861,798.35 43,604,352.33 -- 62,818,481.96 3,758,297.80 22,972,427.43 66,576,779.76 42,500,000.00 -- 48,002,442.44-589,530.41 4,912,912.03 47,412,912.03 41,514,095.24 -- 41,297,181.60-1,220,976.35-1,437,889.99 40,076,205.25 22,734,400.00 -- 25,371,784.34 2,594,544.86 5,231,929.20 27,966,329.20 23,000,000.00 -- 10,631,799.68 43,491.36-12,324,708.96 10,675,291.04 91,800,000.00 -- 64,175,559.75-6,328,299.57-33,952,739.82 57,847,260.18 ( ) 54,000,000.00 -- 63,374,926.97 2,656,779.03 12,031,706.00 66,031,706.00 23,000,000.00 -- 21,955,246.11-752,757.52-1,797,511.41 21,202,488.59 47,000,000.00 -- 54,010,958.30 7,551,976.89 14,562,935.19 61,562,935.19 3,600,000.00 -- 7,584,733.86 1,078,887.10 5,063,620.96 8,663,620.96 113,000,000.00 -- 136,442,656.89-4,923,719.26 18,518,937.63 131,518,937.63 59,400,000.00 -- 60,304,746.16-1,999,352.84-1,094,606.68 58,305,393.32 24,500,000.00 -- 24,657,582.88 566,728.59 724,311.47 25,224,311.47 4,500,000.00 -- 2,963,113.02-90,490.06-1,627,377.04 2,872,622.96 3,000,000.00 -- 3,959,094.67 5,637,049.91 6,596,144.58 9,596,144.58 705,157,847.57 -- 749,300,299.36 7,745,676.47 51,888,128.26 757,045,975.83 2 20 4.00% 5,910,000.00 -- -- 5.00% 50,000.00 -- -- 19.38% 5,000,000.00 -- -- -- 10,960,000.00 -- 3 769,813.23 609,435.48 38,490.66 570,944.82 10 4 2004 6 30 39

4 2004 2004 1-6 2003 1-6 2004 1-6 2003 1-6 2004 1-6 2003 1-6 63,662,370.68 48,228,717.73 57,162,605.61 41,517,365.81 6,499,765.07 6,711,351.92 24,741,201.69 82,727,069.20 19,267,389.91 49,727,232.39 5,473,811.78 32,999,836.81 249,241,168.23 248,589,254.69 218,126,165.02 197,160,182.65 31,115,003.21 51,429,072.04 35,716,483.26 27,141,647.80 25,454,295.55 20,136,009.38 10,262,187.71 7,005,638.42 373,361,223.86 406,686,689.42 320,010,456.09 308,540,790.23 53,350,767.77 98,145,899.19 21,871,642.60 5.86% 5 ( ) 2004 1 6 2003 1 6 12,612,868.59 20,979,997.98 7,784,167.13 20,981,902.75-38,490.66 -- 4,742,094.38 -- 35,757.69 -- 89,340.05 -- -- -1,904.77 12,612,868.59 20,979,997.98 2003 6 30 1 A 40

2004 B 2003.12.31 2004.06.30 115,000,000.00 -- -- 115,000,000.00 50,000,000.00 -- -- 50,000,000.00 4,000,000.00 -- -- 4,000,000.00 82,000,000.00 -- -- 82,000,000.00 62,291,931.90 -- -- 62,291,931.90 9,755,000.00 -- -- 9,755,000.00 15,200,000.00 -- -- 15,200,000.00 2,000,000.00 -- -- 2,000,000.00 123,000,000.00 -- -- 123,000,000.00 55,980,825.24 -- -- 55,980,825.24 25,000,000.00 -- -- 25,000,000.00 180,000,000.00 -- -- 180,000,000.00 50,000,000.00 -- -- 50,000,000.00 45,000,000.00 -- -- 45,000,000.00 60,000,000.00 -- -- 60,000,000.00 25,000,000.00 -- -- 25,000,000.00 5,000,000.00 -- -- 5,000,000.00 10,000,000.00 -- -- 10,000,000.00 30,660,000.00 -- -- 30,660,000.00 136,041,000.00 -- -- 136,041,000.00 41

2004 C 2003.12.31 2004.06.30 % % 113,000,000.00 98.26 -- -- 113,000,000.00 98.26 4,250,000.00 85.00 -- -- 4,250,000.00 85.00 3,600,000.00 90.00 -- -- 3,600,000.00 90.00 81,750,000.00 99.70 -- -- 81,750,000.00 99.70 43,604,350.33 70.00 -- -- 43,604,350.33 70.00 9,455,000.00 96.92 -- -- 9,455,000.00 96.92 15,000,000.00 98.68 -- -- 15,000,000.00 98.68 1,800,000.00 90.00 -- -- 1,800,000.00 90.00 54,000,000.00 43.90 -- -- 54,000,000.00 43.90 41,514,095.24 74.15 -- -- 41,514,095.24 74.15 23,000,000.00 92.00 -- -- 23,000,000.00 92.00 91,800,000.00 51.00 -- -- 91,800,000.00 51.00 47,000,000.00 94.00 -- -- 47,000,000.00 94.00 22,950,000.00 51.00 -- -- 22,950,000.00 51.00 59,400,000.00 99.00 -- -- 59,400,000.00 99.00 24,500,000.00 98.00 -- -- 24,500,000.00 98.00 4,500,000.00 45.00 -- -- 4,500,000.00 45.00 3,000,000.00 60.00 -- -- 3,000,000.00 60.00 22,734,400.00 74.15 -- -- 22,734,400.00 74.15 204,180,000.00 44.65 -- -- 204,180,000.00 44.65 D 2 A B 2004 1 6 2003 1 6 3,285,487.48 4,665,025.40 42

2004 C 2004 1 6 2003 1 6 399,064.45 387,387.81 C 92 D 4,092,588.14 11,490,750.89-1,038,122.71 1,300,268.19 5,130,710.85 10,190,482.70 3 A B C 2004.06.30 2003.12.31 79,489.19 80,414.81 2004.06.30 2003.12.31 11,411,261.70 7,317,747.94 2004.06.30 2003.12.31 1,300,268.19 2,338,390.90 43

2004 1 2 3 4 5 OO 44