I

2004...1...2...4...6...7...10...15...64 I

2004 1

2004 SDIC Huajing Power Holdings CO.,LTD 600886 575 6 --6 100034 www.sdicpower.com gtdl@sdicpower.com : 6 --6 6 --6 010 66579500 010 66579507 weiqiong@sdicpower.com zhl@sdicpower.com http://www.sse.com.cn 6-6 5 1989 2 23 2002 11 28 2

2004 6200001051953 620101271751981 27 A 12 2004 6 30 2003 12 31 1,559,729,072.64 645,559,836.45 141.61 2,185,369,909.08 914,288,745.46 139.02 9,284,977,059.20 4,600,508,528.35 101.83 1,198,760,494.72 1,029,714,112.39 16.42 / 4.255 3.65 16.58 / 3.688 3.65 1.04 2004 1-6 2003 1-6 168,928,962.33 88,721,770.99 90.40 168,037,308.82 101,369,738.97 65.77 / 0.60 0.315 90.48 14.09 9.72 44.96 372,489,773.35 571,970,187.02-34.88 891653.51 1. 32700.00 : 2. : 3. 4. 5. 8400.00 24300.00 93448.72 5000.00 88448.72 2160091.98 319700.24 887989.51 : 411,028,109.45 34.29 36.89 1.46 1.46 285,765,924.48 23.84 25.65 1.01 1.01 168,928,962.33 14.09 15.16 0.60 0.60 168,037,308.82 14.02 15.08 0.60 0.60 3

2004 19493 10 ( ( (%) ) + - ) 0 162,234,400 57.58 0 5,810,418 2.06-768,017 4,797,358 1.68 2,535,353 3,768,770 1.34 0 3,444,000 1.22 3,060,220 1.09 2,615,231 2,615,231 0.93 2,474,787 0.88 2,469,185 0.88 2,205,000 0.78 10 A B H ) 4,797,358 A 3,768,770 A 3,060,220 A 2,615,231 A 2,474,787 A 2,469,185 A 2,205,000 A 2,197,598 A 2,196,110 A 1,826,121 A 4

2004 5

2004 2004 2 25 6

2004 : 1 6 16 18.46%,, 24 65.10 61.94 4 6 50.42% 47.42% 49.18 47.06 13.64% 12.02% 10.55, 1.69,, 56.88% 90.40%, 2004 1-6 2003 1-6 10,54,599,281.13 672,223,749.58 56.88 411,028,109.45 221,285,112.43 85.75 168,928,962.33 88,721,770.99 90.40 302,925,230.54 35,392,989.04 755.89 2004 6 30 2003 12 31 9,284,977,059.20 4,600,508,528.35 101.83 1,198,760,494.72 1,029,714,112.39 16.42 1 2 7

2004 3 2004 4 1 4 5 10 ( ) ( ) 1,054,599,281.13 640,497,710.48 38.98 10 24.46% 30% 3 30 30 2004 2004 6 30 3,230,980,602.25 692,457,478.02 2004 1-6 137,945,341.71 1 2 2003 7 1 1 8

2004 2 1 2 1 2002 2000 2) 2002 8100 6 11 30 30 3 44% 2004 44% 37979.95,,2004 3 31 19370, 2004 2004 4 1 2004 6 30 1430.32 5000 9

2004 ( ) 2004 8 1 2004 10 10 26400 ( 44%) 2004 1 29 37979.95 2004 3 31 19370, 5000 2004 2004 4 1 44% 43% 2004 6 30 1430.32 1 761,137,726.43 100% 293 461 554.70 100% 10

2004 2 3 445,402,124.84 913,832,203.94 52.63 400,930,420.31 569,612,154.90 47.37 78,000,000.00 78,000,000.00 100 81,000,000.00 81,000,000.00 85.12 120,000,000.00 120,000,000.00 21.94 20,000,000.00 20,000,000.00 3.66 10,000,000.00 10,000,000.00 1.83 ( ) 37,000,000.00 37,000,000.00 6.76 177,460,000.00 155,000,000.00 3.64 905,643.70 0.02 128,000,000.00 128,000,000.00 2.62 2,731,278.00 0.49 10,000,000.00 1.81 231,699,824.64 231,699,824.64 66.12 2004 1-3 63,000,000.00 12,000,000.00 17.98 12,000,000.00 3.42 2,674,724.70 0.76 5,761,536.00 1.66 10,250,000.00 6,000,000.00 20.3 11,894,000.00 23.56 15,400,000.00 30.5 1 11

2004 2004 4 16 7 1 2 3 2 3 5 5 1 [2003]56 2004 6 30 846,332,545.15 2 [2003]56 2004 6 30 1 2004 1 7 2004 13 www.sse.com.cn www.sdicpower.com 12

2004 600886 2 2004 1 30 2003 2003 23 www.sse.com.cn www.sdicpower.com 3 2004 1 31 47 www.sse.com.cn www.sdicpower.com 3 2004 2 4 16 www.sse.com.cn www.sdicpower.com 5 2004 2 10 2004 23 www.sse.com.cn www.sdicpower.com 6 2004 2 27 23 www.sse.com.cn www.sdicpower.com 7 2004 3 2 2003 35 www.sse.com.cn www.sdicpower.com 8 2004 4 8 44 30 www.sse.com.cn www.sdicpower.com 9 2004 4 20 2004 46 www.sse.com.cn www.sdicpower.com 10 2004 4 20 46 www.sse.com.cn www.sdicpower.com 11 2004 4 22 21 www.sse.com.cn www.sdicpower.com 12 2004 5 18 13

2004 33 www.sse.com.cn www.sdicpower.com 13 2004 5 21 32 www.sse.com.cn www.sdicpower.com 14 2004 6 7 18 www.sse.com.cn www.sdicpower.com 15 2004 6 11 27 www.sse.com.cn www.sdicpower.com 16 2004 6 14 15 www.sse.com.cn www.sdicpower.com 17 2004 6 22 2004 23 www.sse.com.cn www.sdicpower.com 18 2004 7 8 2004 16 www.sse.com.cn www.sdicpower.com 19 2004 7 14 2004 17 www.sse.com.cn www.sdicpower.com 14

2004 [2004] 18 : : 5.(1) 438,964,391.97 16,172,792.39 136,039,161.43 98,785,787.89 5.(2) 78,000,000.00 85,945,000.00 5.(3) 846,332,545.15 332,670,982.79 5.(4) 93,692,629.76 250,922,561.10 10,807,393.05 85,077,540.70 5.(5) 17,080,661.60 500.00 52,843,687.80 1,500.00 5.(6) 81,821,348.46 27,253,611.38 3,837,495.70 1,559,729,072.64 267,095,853.49 645,559,836.45 183,864,828.59 5.(7) 326,216,795.41 1,245,068,770.72 246,829,285.46 844,577,672.30 326,216,795.41 1,245,068,770.72 246,829,285.46 844,577,672.30 5.(7) 117,200,413.92 10,841,217.84 5.(8) 9,233,759,900.92 3,762,266.24 5,125,944,150.28 2,434,090.00 5.(8) 3,130,261,282.19 390,782.68 2,143,882,299.25 179,669.14 5.(8) 6,103,498,618.73 3,371,483.56 2,982,061,851.03 2,254,420.86 5.(8) 26,823,199.73 28,183,291.71 5.(8) 6,076,675,419.00 3,371,483.56 2,953,878,559.32 2,254,420.86 5.(9) 31,018,389.94 12,621,974.00 5.(10) 1,134,200,954.07 740,826,332.77 6,011.30 7,241,900,774.31 3,371,483.56 3,707,326,866.09 2,254,420.86 5.(11) 1,312,615.83 70,439.00 792,540.35 91,517.00 5.(12) 155,817,801.01 157,130,416.84 70,439.00 792,540.35 91,517.00 15

2004 9,284,977,059.20 1,515,606,546.77 4,600,508,528.35 1,030,788,438.75 5.(13) 547,000,000.00 120,000,000.00 140,000,000.00 5.(14) 347,470,654.12 38,800.00 149,421,840.67 5.(15) 18,447,751.62 15,094,044.32 26,690,251.43 347,305.73 25,273,677.22 117,081.29 5.(16) 50,494,000.00 4,250,000.00 5.(17) 71,819,109.14 343,434.23 38,630,706.22 79,081.64 5.(18) -560,029.44 7,500.00-12,774.23 5.(19) 350,415,935.23 195,914,012.09 85,585,024.46 743,163.43 5.(20) 72,817,071.51 195,000.00 28,505,276.80 135,000.00 5.(22) 552,211,278.00 415,991,700.00 5.(21) 11,498,805.00 11,549,250.00 5.(23) 137,065,082.47 2,185,369,909.08 316,846,052.05 914,288,745.46 1,074,326.36 : 5.(24) 4,879,485,643.70 2,052,706,139.64 5.(25) 11,766,397.00 5,828,900.00 4,891,252,040.70 2,058,535,039.64 7,076,621,949.78 316,846,052.05 2,972,823,785.10 1,074,326.36 1,009,594,614.70 597,970,630.86 281,745,826.00 281,745,826.00 281,745,826.00 281,745,826.00 5.(26) 281,745,826.00 281,745,826.00 281,745,826.00 281,745,826.00 5.(27) 500,656,424.87 500,656,424.87 500,539,004.87 500,539,004.87 5.(28) 88,574,714.37 72,712,149.52 88,574,714.37 72,712,149.52 54,311,734.51 52,157,192.82 54,311,734.51 52,157,192.82 5.(29) 327,783,529.48 343,646,094.33 158,854,567.15 174,717,132.00 1,198,760,494.72 1,198,760,494.72 1,029,714,112.39 1,029,714,112.39 9,284,977,059.20 1,515,606,546.77 4,600,508,528.35 1,030,788,438.75 16

2004 : : 5.(30) 1,054,599,281.13 672,223,749.58 5.(31) 640,497,710.48 448,882,387.27 5.(32) 3,073,461.20 2,056,249.88 411,028,109.45 221,285,112.43 5.(33) 708,360.17 5,000,000.00 978,203.73 4,776,275.22 1,353,628.47 4,159,667.56 923,043.76 34,435,209.55 3,533,684.72 1,930,144.23 1,514,744.55 5.(34) 86,759,060.37 657,902.90 75,944,889.60-239,354.56 285,765,924.48-545,216.09 140,228,614.77-2,198,433.75 5.(35) 39,337,239.34 169,474,178.42 33,176,741.76 90,920,204.74 5.(36) 32,700.00 332,032.02 5.(37) 93,448.72 12,980,000.00 325,042,415.10 168,928,962.33 160,757,388.55 88,721,770.99 5.(38) 21,711,072.23 14,292,154.58 134,402,380.54 57,743,462.98 168,928,962.33 168,928,962.33 88,721,770.99 88,721,770.99 158,854,567.15 174,717,132.00-80,173,241.24-76,172,771.62 76,172,771.62 76,172,771.62 327,783,529.48 343,646,094.33 84,721,301.37 88,721,770.99 327,783,529.48 343,646,094.33 84,721,301.37 88,721,770.99 327,783,529.48 343,646,094.33 84,721,301.37 88,721,770.99 17

2004 : : 997,684,692.10 516,741.90 5.(39) 9,072,801.45 1,596,084.14 1,007,274,235.45 1,596,084.14 364,219,656.50 59,305,414.89 2,183,156.64 193,907,611.65 399,856.23 5.(40) 17,351,779.06 3,328,430.53 634,784,462.10 5,911,443.40 372,489,773.35-4,315,359.26 68,400,000.00 148,900,000.00 968,400.00 5.(41) 212,360,970.63 281,729,370.63 148,900,000.00 411,308,107.80 1,191,376.24 274,700,000.00 344,700,000.00 5.(42) 1,379,260.38 687,387,368.18 345,891,376.24-405,657,997.55-196,991,376.24 12,000,000.00 1,035,500,000.00 120,000,000.00 5.(43) 109,125.18 1,047,609,125.18 120,000,000.00 481,523,602.00 179,971,802.77 1,306,260.00 50,020,265.67 711,515,670.44 1,306,260.00 336,093,454.74 118,693,740.00 302,925,230.54-82,612,995.50 1 168,928,962.33 168,928,962.33 18

2004 134,402,380.54-2,568,223.70 212,489,689.70 211,113.54 232,043.14 21,078.00 3,254,387.37 547,432.80 31,237,643.65-572,300.00 80,048.72 86,837,773.79-39,337,239.34-169,474,178.42-27,201,150.09-124,952,026.92-7,728,331.16-71,461,948.64 4,298,296.45 372,489,773.35-4,315,359.26 2 3 438,964,391.97 16,172,792.39 136,039,161.43 98,785,787.89 302,925,230.54-82,612,995.50 1 1989 2 1989 1989 2 1989 101 1996 1 18 1995 183 600886 1991 10 2 1992 1,900 19

2004 1993 2,470.78 58,332,469 22,218,837 281,745,826 2000 2 28 2000 34 16,223.44 57.58% 2002 4 28 ( ) 50% 50% 30% 2001 12 31 2002 23 2002 7 4 77,953.36 2002 22 2002 6 24 78,860.65 907.29 2002 4 28 16,223.44 3.32, 57.58%, 53,861.82 2002 2002 193 2002 239 2002 9 30 24 2002 12 58 2002 12 12 2002 105 20

2004 2004 1 44% 2004 4 1 2 1 2 1 1 12 31 3 4, 5 ( ),, 6 1995 11 7 8 21

2004,, 10% 9 A B % 1 2 1 2 5 2 3 10 3 4 15 4 5 30 5 80 10 22

2004 23,, 11 12 A / B C 10 2003 10 -- D :

2004 13 A : B :,, 14 A 2,000 B C ( 0-3%) ( ) % 8 45 2.22 12.50 15 55 1.82 6.67 24

2004 7 35 2.77 14.29 4 18 5.39 25.00 5 22 4.55 20.00 6 14 6.93 16.67 D 15, 1 3 2 3 16 A B a. 25

2004 b. c. (17) 3 (18) 5 (19) A B C (20) 26

2004, (21) (22) 1995 11 < > 96 2 4 (23) 3 17% 27

2004 7% 3% 33% (1) 2003 3 2003 1 1 2010 12 31 15 (2) 2001 73 [2002]135 2001 2010 15% (3) 1999 13 15% 5# 6# 30 1997 049 5# 6# 5 2001 6 2000 2003 2004 3 5# 2003 10% 5# 6# 10% 7.5% 2003 15% 5# (4) 2001 202 2002 47 [2003]40 15% 2003 8 MEIYA QUJING POWER COMPANY LIMITED 37% [2004]98 2004 1 1 4 28

2004 (1) ( ) ( ) % *1 24544 12272.00 50 *2 70000 35000.00 50 *3 45831 13749.30 30 *4 60000 26400.00 44 *1 1994 5 20 [1994]37 7000 50% 4200 30% 2800 20% 1994 6 30 14000 1996 11 1996 1996 113 1999 4 15 1.4 2 2000 007 10544 24544 157 6200001050477 2002 3 9 30000 2002 9000 2003 8000 2004 8000 2005 5000 4 10 2003 12 31 8500 5100 3400 1200 14800 2002 025 2003 020 2004 2000 2004 1200 29

2004 *2 1995 11 28 1995 642 50 15 5 30 [1997] 003 70000 58 001045 *3 1994 230 30% 20% 15% 35% 1994 6 20 45831 000568 2002 11 20% 2003 9 [2003]666 35% 45831 105831 2003 1 *4 1994 12 9 37% 36% 19% 8% 6 2000 9 [2000]165 2002 12 2002 8% 2003 6 [2003]437 30

2004 MEIYA QUJING POWER COMPANY LIMITED 37% MEIYA QUJING POWER COMPANY LIMITED [2003]197 20 2003 8 27 001430 6 (2) ( ) ( ) 50 22.50 45% 1997 2004 6 30 50 45% 2000 131 6200001050689 5 (1) : 2004-6-30 180,437.65 1.00 180,437.65 : 8,324.85 8.2766 68,901.45 438,715,052.87 1.00 438,715,052.87 : 438,964,391.97 31

2004 2003-12-31 : : 52,957.00 52,957.00 8,320.12 8.2767 68,863.13 135,917,341.30 135,917,341.30 : 136,039,161.43 2004 6 30 222.67% 2004 6 30 91,550,238.15 520,000,000.00 274,700,000.00 (2) 2004-6-30 2003-12-31 78,000,000.00 85,945,000.00 78,000,000.00 85,945,000.00 2004 6 30 28,000,000.00 50,000,000.00 5% (3) 2004-6-30 % % 846,332,545.15 100.00 1 2 1 2 5 2 3 10 3 4 15 32

2004 4 5 30 5 80 846,332,545.15 100.00 2003-12-31 % % 313,445,530.96 0.94 1 15,721,189.28 0.05 2 314,423.79 1 2 4,019,669.83 0.01 5 200,983.49 2 3 10 3 4 15 4 5 30 5 80 333,186,390.07 100.00 515,407.28 2004 6 30 87,264,426.01 1999 1706 1999 2002 4 20 1999 2002 2002 11 29 [2002]2611 6 0.08,6, 2003 6 1745.3 2002 2003 17,453,000.00 2003 8,200,000.00 2004 6 30 154.01% 2004 6 30 400,930,420.31 2004 4-6 349,853,059.20 6 12 1, 2004 6 30 33

2004 *1 445,402,124.84 52.63% *2 400,930,420.31 47.37% *1 5% 403,449,258.72 41,952,866.12 *2 5% 4 6 4# 90,027,570.00 (4) A 2004-6-30 % % 87,867,734.97 92.34 1 947,000.68 0.99 2 18,940.01 1 2 2,945,983.19 3.11 5 147,299.16 2 3 2,135,384.57 2.24 10 213,538.46 3 4 34,729.28 0.04 15 5,209.39 4 5 *2 1,204,808.36 1.27 30 1,061,442.51 5 17,091.20 0.01 80 13,672.96 95,152,732.25 100.00 1,460,102.49 2003-12-31 % % 5,363,791.19 0.45 1 2 1 2 5,007,000.27 0.42 5 250,350.01 2 3 234,664.35 0.02 10 23,466.45 3 4 324,169.06 0.03 15 48,625.36 4 5 300.00 0.00 30 90.00 34

2004 5 1,000,000.00 0.08 80 800,000.00 11,929,924.87 100.00 1,122,531.82 2004 6 30 *1 81,000,000.00 *2 1,000,000.00 4 5 800,524.73 298,826.53 *1 *2 1999 2004 6 30 83,223,520.32 87.46% 2004 6 30 697.60% 81,000,000.00 2004 6 30 5% 7 2 B 2004-6-30 2003-12-31 2,484,988.80 6,264,446.27 81,000,000.00 2,747,167.75 642,501.60 1,000,000.00 800,524.73 800,524.73 8,120,070.97 3,222,452.27 95,152,732.25 11,929,924.87 (5) 2004-6-30 2003-12-31 % 1 17,077,231.60 99.98 52,843,687.80 100 1 2 3,430.00 0.02 2 3 % 35

2004 3 17,080,661.60 100 52,843,687.80 100 2004 6 30 3,415,995.00 1 1,807,745.00 1 1,350,000.00 1 1,164,800.00 1 426,000.00 1 8,164,540.00 47.80% 2004 6 30 67.68% 49,908,000.00 10,814,118.00 2004 6 30 5,011,731.50 (6) 2004-6-30 2003-12-31 28,278,499.28 13,768,399.20 114,049.89 144,587.56 59,486,700.55 18,853,454.68-1,927,901.26-1,382,830.06 85,951,348.46 31,383,611.38 * 4,130,000.00 4,130,000.00 81,821,348.46 27,253,611.38 * 2004 6 30 200.22% 2004 6 30 41,819,118.52 11,079,546.94 158,795,902.96 37.33% (7) 36

2004 2004-01-01 2004-6-30 234,858,464.91 41,496,273.31 68,400,000.00 207,954,738.22 1,129,602.71-67,959.44 1,061,643.27 10,841,217.84 108,332,850.62 1,973,654.54 117,200,413.92 246,829,285.46 149,829,123.93 70,441,613.98 326,216,795.41 A - 2004-6-30 ( ) % 45831 207,737,243.39 30.00 50 217,494.83 45.00 207,954,738.22 B - 1,359,188.81 10 67,959.44 1,061,643.27 1,359,188.81 67,959.44 1,061,643.27 C - 8,364,985.75 1,856,738.18 106,978,689.99 117,200,413.92 (8) : 2004-1-1 2004-6-30 2,019,541,691.58 1,126,469,812.93-3,146,011,504.51 3,013,678,723.20 2,921,570,827.98 6,683,525.85 5,928,566,025.33 57,431,694.92 29,652,565.25 213,500.00 86,870,760.17 37

2004 : 35,292,040.58 37,019,570.33-72,311,610.91 5,125,944,150.28 4,114,712,776.49 6,897,025.85 9,233,759,900.92 416,026,555.82 264,878,493.85-680,905,049.67 1,683,163,709.05 672,345,983.60 3,677,422.57 2,351,832,270.08 28,206,208.51 18,286,218.90 200,666.68 46,291,760.73 16,485,825.87 34,746,375.84-51,232,201.71 2,143,882,299.25 990,257,072.19 3,878,089.25 3,130,261,282.19 2,982,061,851.03 6,103,498,618.73 28,183,291.71-1,360,091.98 26,823,199.73 2,953,878,559.32 6,076,675,419.00 605,398,331.23 4# 2004 5 603,472,055.23 3# 2003 11 2004 6 30 105.72% 2004 6 30 4,108,435,776.34 826,238,320.79 3,282,197,455.55 4,641,574.11 20,652,793.11 25,294,367.22 6 7 8 9 (9) 2004-6-30 2003-12-31 19,840,612.61 38

2004 11,177,777.33 12,621,974.00 31,018,389.94 12,621,974.00 2004 6 30 145.75% 2004 6 30 30,018,389.94 11,621,974.00 (10) *A *B 1,500,000,000.00 1,500,000,000.00 697,458,912.72 11,385,011.52 17,074,637.79 14,907,770.74 740,826,332.77 ( : ) 52,572,550.25 4,616,485.62 57,189,035.87 178,228,530.94 373,642.52 215,413,460.50 603,887,152.69 1,870,165.88 999,272,952.53 ( : ) 18,240,348.30 110,099,669.95 128,340,018.25 603,472,055.23 1,926,276.00 605,398,331.23 ( : ) 110,099,669.95 110,099,669.95 *B ( : ) 874,687,443.66 11,758,654.04 232,488,098.29 415,097.46 14,851,660.62 1,134,200,954.07 ( : ) 70,812,898.55 4,616,485.62 75,429,384.17 46.50% *1 2004 6 30 232,488,098.29 16,816,933.20 6,730,877.86 200,165,737.02 *2 IPRM 5,058,247.00 6,880,666.97, 2002 9 2005 9 6000,2002 4 2022 4 3300, (11) 2004-1-1 2004-6-30 39

2004 2,412,570.00 91,517.00 774,827.68 381,983.26 1,928,208.58 484,361.42 1.5 *1 1,085,456.00 701,023.35 27,136.44 411,569.09 673,886.91 14.5 *2 154,367.50 154,367.50 154,367.50 3,652,393.50 792,540.35 929,195.18-409,119.70 2,339,777.67 1,312,615.83 *1 1999 40 20 *2 (12) 2004-1-1 2004-6-30 *1 181 280 640 60 135,960,480.59 4,532,016.00 49,852,176.01 131,428,464.59 14.5 *2 16 972 614 60 11,951,549.42 353,596.15 5,329,661.33 11,597,953.27 14.5 *3 16 648 866 80 9,014,545.74 903,162.59 8,537,483.65 8,111,383.15 4.5 *4 5 200 000 00 4,940,000.00 260,000.00 520,000.00 4,680,000.00 4.5 220,102,122.00 161,866,575.75 6,048,774.74 64,239,320.99 155,817,801.01 *1 1991 12 5 1991 1974 21500 1993 1 30 1993 30 1997 08 1997 3 1997 3 14 1997 8 26 10 1998 2 1998 8 98 720 40

2004 1999 10 12 1999 297 2000 2000 423 0.322 20 [2001]701, 20 30 2002 11 26 2002 2583 2002 12 1 0.275 *2 16,972,614.60 *3 *4 5,200,000.00 5 (13) 2004-6-30 2003-12-31 270,000,000.00 270,000,000.00 120,000,000.00 120,000,000.00 *1 90,000,000.00 90,000,000.00 *2 187,000,000.00 187,000,000.00 20,000,000.00 20,000,000.00 547,000,000.00 547,000,000.00 140,000,000.00 140,000,000.00 *1 2004 2 40,000,000.00 50,000,000.00 *2 7 2 41

2004 2004 6 30 290.71% 120,000,000.00 200,000,000.00 2004 6 30 37,000,000.00 (14) 2004-6-30 2003-12-31 % 1 291,157,516.77 83.79 105,143,785.92 70.37 1 2 48,175,735.00 13.86 40,825,618.56 27.32 2 3 1,987,511.91 0.57 1,141,540.00 0.76 3 6,149,890.44 1.78 2,310,896.19 1 55 347,470,654.12 100.00 149,421,840.67 100.00 % 2004 6 30 *1 17,142,274.37 1 11,850,430.00 1 9,748,604.73 1 9,223,276.00 1 *2 5,761,536.00 1 53,726,121.10 15.46% *1 *2 5% 2004 6 30 3 2004 6 30 132.54% 2004 6 30 206,528,960.78 (15) 42

2004 2004-6-30 2003-12-31 18,447,751.62 15,094,044.32 18,447,751.62 15,094,044.32 (16) 2004-6-30 2003-12-31 *1 10,250,000.00 4,250,000.00 *2 12,950,000.00 *2 11,894,000.00 *2 15,400,000.00 50,494,000.00 4,250,000.00 *1 [2004]1 2003 120,000,000.00 6,000,000.00 2004 6 30 6,000,000.00 2002 4,250,000.00 *2 2003 8 2003 35,000,000.00 MEIYA QUJING POWER COMPANY LIMITED 2004 6 2003 35,000,000.00 2004 6 30 35,000,000.00 2002 5,244,000.00 (17) 2004-6-30 2003-12-31 47,635,753.54 20,567,837.40 250,245.00 4,653.81 23,186,661.02 16,887,239.92-1,306,735.71-29,793.30 26,612.13 15,509.13 900 00 1,195,250.41 98,764.62 831,322.35 1,085,594.64 71,819,109.14 38,630,706.22 43

2004 (18) 2004-6-30 2003-12-31-560,029.44-12,774.23-560,029.44-12,774.23 (19) A 2004-6-30 2003-12-31 % % 1 293,346,678.13 83.71 84,149,470.45 98.32 1 2 47,624,883.17 13.59 1,414,910.01 1.65 2 3 2,282,904.10 0.65 20,644.00 0.03 3 7,161,469.83 2.05 350,415,935.23 100.00 85,585,024.46 100.00 2004 6 30 *1 186,099,500.00 1 *2 63,000,000.00 1 *3 36,000,000.00 1 *1 12,000,000.00 1 *4 9,600,324.64 1 *1 7 2 *2 2002 9000 2003 8000 2004 8000 2005 5000 2004 6 30 18000 14800 3000 *3 7 2 *4 2004 1-3 5 19 B 306,699,824.64 87.52% B 44

2004 2004-6-30 2003-12-31 * 9,600,324.64 75,000,000.00 63,000,000.00 186,099,500.00 36,000,000.00 6,615,705.45 6,644,660.59 3,024,502.55 6,928,483.31 4,000,000.00 2,876,200.00 1,831,052.19 1,400,874.50 390,000.00 25,746,544.78 6,843,111.68 350,415,935.23 85,585,024.46 * 2003 12 31 2004 3 31 2004 1-3 26,394,921.92 2003 2004 1-3 4,576,002.29 21,818,919.63 9,600,324.64 2004 6 30 309.44% 2004 6 30 69,457,681.36 186,099,500.00 (20) 2004-6-30 2003-12-31 *1 7,725,201.00 1,725,201.00 *2 6,489,715.07 7,022,837.55 *3 13,000,000.00 *4 5,000,000.00 4,912,796.20 1,013,800.00 *5 9,357,885.00 5,935,238.25 22,673,200.00 12,673,200.00 3,658.274.24 135,000.00 72,817,071.51 28,505,276.80 *1 *2 1995 11 17 45

2004 1.5 *3 *4 2004 2003 2004 7 2 *5 7 2 2004 6 30 155.45% 2004 6 30 20,447,070.44 6,000,000.00 9,422,646.75 10,000,000.00 (21) 2004-6-30 2003-12-31 *1 6,653,430.00 6,690,600.00 *2 4,845,375.00 4,858,650.00 11,498,805.00 11,549,250.00 *1 2003 6 25 1.2 3,485,300.00 7000 7000 6,690,600.00 2003 2004 6 6 37,170.00 *2 2003 6 19 46

2004 5000 242.9325 5000 4,858,650.00 2003 2004 6 6 13,275.00 (22) 2004-6-30 2003-12-31 50,000,000.00 50,000,000.00 50,330,000.00 50,330,000.00 *1 330,000.00 2,731,278.00 440,000.00 3,641,700.00 *2 262,500,000.00 262,500,000.00 232,020,000.00 232,020,000.00 *3 105,980,000.00 105,980,000.00 95,000,000.00 95,000,000.00 *4 131,000,000.00 131,000,000.00 35,000,000.00 35,000,000.00 552,211,278.00 415,991,700.00 *1 7 2 *2 125,000,000.00 137,500,000.00 *3 10,000,000.00 95,980,000.00 1997 12 20 2004 9 20 5.76% *1 *2 *3 7 2 *4 37,500,000.00 25% 1999 12 21 2009 12 21 52,500,000.00 55% 60% 2002 11 5-2018 11 20 41,000,000.00 25.07% 47

2004 18.65% 2004 5 27 2011 8 26 (23) 2004-6-30 2003-12-31 137,065,082.47 137,065,082.47 2004 1-6 22.82, 15.43 7.393 2004 1-6 0.367 / 0.15 / 137,065,082.47 (24) 2004-6-30 2003-12-31 280,000,000.00 280,000,000.00 193,370,000.00 193,370,000.00 *1 109,422.19 905,643.70 219,422.19 1,816,139.64 *2 93,000,000.00 93,000,000.00 93,000,000.00 93,000,000.00 *3 3,213,850,000.00 3,213,850,000.00 615,810,000.00 615,810,000.00 *4 975,730,000.00 975,730,000.00 1,098,710,000.00 1,098,710,000.00 *5 316,000,000.00 316,000,000.00 50,000,000.00 50,000,000.00 4,879,485,643.70 2,052,706,139.64 *1 7 2 *2 2002 4 22 2022 4 21 3300 2002 9 19 2005 9 18 6000 *3 675,810,000.00 25% 1999 12 21 2023 12 10 522,000,000.00 25.07% 38.65% 2003 3 20 48

2004 2019 10 20 1,740,040,000.00 55% 60% 1995 11 20 2018 11 20 276,000,000.00 20% 2002 10 30 2019 7 20 *4 737,830,000.00 237,900,000.00 7 2 *5 88,000,000.00 90,000,000.00 128,000,000.00 7 2 10,000,000.00 2002 9 19 2005 9 18 5.49% 2004 6 30 137.71% 2004 6 30 2,666,040,000.00 (25) 2004-6-30 2003-12-31 * 11,666,397.00 5,828,900.00 ERP 100,00.00 11,766,397.00 5,828,900.00 * 10,166,397.00 1,500,000.00 (26) 2004-6-30 2003-12-31 281,745,826.00 281,745,826.00 2004 6 30 % 174,428,841.00 61.91 162,234,423.00 57.58 12,194,418.00 4.33 107,316,985.00 38.09 281,745,826.00 100.00 49

2004 98 207 (27) 2004-1-1 2004-6-30 497,881,298.39 497,881,298.39 126,700.00 126,700.00 2,531,006.48 2,531,006.48 * 117,420.00 117,420.00 500,539,004.87 117,420.00 500,656,424.87 * 391,400.00 (28) 2004-1-1 2004-6-30 31,878,792.63 31,878,792.63 54,311,734.51 54,311,734.51 2,384,187.23 2,384,187.23 88,574,714.37 88,574,714.37 (29) 2004 1-6 158,854,567.15 168,928,962.33 327,783,529.48 1. 2. 3. 4 5 6. 327,783,529.48 50

2004 (30) A 2004 1-6 2003 1-6 1,054,599,281.13 672,223,749.58 B 1,054,599,281.13 672,223,749.58 2004 1-6 2003 1-6 761,137,726.43 672,223,749.58 293,461,554.70 1,054,599,281.13 672,223,749.58 2004 1-6 7 2 11 (4) 2004 4-6 71,388,487.18 (31) A 2004 1-6 2003 1-6 640,497,710.48 448,882,387.27 640,497,710.48 448,882,387.27 B 2004 1-6 2003 1-6 423,298,876.43 448,882,387.27 217,198,834.05 640,497,710.48 448,882,387.27 51

2004 (32) 2004 1-6 2003 1-6 2,151,422.84 1,439,374.92 922,038.36 616,874.96 3,073,461.20 2,056,249.88 (33) 2004 1-6 2003 1-6 950,000.34 950,000.34-241,640.17 28,203.39 708,360.17 978,203.73 (34) 2004 1-6 2003 1-6 88,144,033.79 74,655,099.32 1,413,542.87 1,111,937.35-2,684.88 2,815.13 18,976.10 5,676.56 6,908.47 2,398,866.20 86,759,060.37 75,944,889.60 (35) 2004 1-6 2003 1-6 41,378,853.32 33,841,787.34-2,041,613.98-665,045.58 52

2004 39,337,239.34 33,176,741.76 (36) 2004 1-6 2003 1-6 8,400.00 323,032.02 24,300.00 9,000.00 32,700.00 332,032.02 (37) 2004 1-6 2003 1-6 110,000.00 5,000.00 88,448.72 12,870,000.00 93,448.72 12,980,000.00 (38) 2004 1-6 2003 1-6 21,711,072.23 14,292,154.58 (39) 2004 1-6 1,413,542.87 1,000,000.36 2,762,465.55 1,305,189.64 330,000.00 1,359,497.00 ERP 100,000.00 802,106.03 9,072,801.45 (40) 2004 1-6 4,563,369.66 53

2004 2,319,433.56 4,418,447.70 2,036,914.50 540,018.04 291,277.40 305,000.00 222,000.00 380,618.02 400,000.00 75,627.89 1,799,072.29 17,351,779.06 (41) 2004 1-6 33,000.00 210,667,583.92 1,363,954.50 200,843.00 95,589.21 212,360,970.63 (42) 2004 1-6 1,356,000.00 23,260.38 1,379,260.38 (43) 2004 1-6 50,000,000.00 20,265.67 50,020,265.67 54

2004 6 (1) A 2004-6-30 % % 250,922,561.10 100.00 1 2 1 2 5 2 3 10 3 4 15 4 5 30 5 80 250,922,561.10 100.00 2003-12-31 % % 85,077,540.70 100.00 1 2 1 2 5 2 3 10 3 4 15 4 5 30 5 80 85,077,540.70 100.00 2004 6 30 *1 105,000,000.00 81,000,000.00 *2 50,000,000.00 *3 9,600,324.64 1-3 245,600,324.64 97.88% 55

2004 *1 5.(19) 2004 6 30 *2 7 2 *3 5.19 2004 1-3 (2) 2004-1-1 2004-6-30 832,606,851.75 443,099,861.78 148,900,000.00 1,126,806,713.53 11,970,820.55 108,332,850.62 2,041,613.98 118,262,057.19 844,577,672.30 551,432,712.40 150,941,613.98 1,245,068,770.72 A - 2004-6-30 ( ) % 70000 473,925,981.02 50.00 24544 158,019,474.06 50.00 45831 207,737,243.41 30.00 60000 287,124,015.04 44.00 1,126,806,713.53 B - 10,114,929.65 10 505,746.48 8,364,985.75 2,274,948.56 10 113,747.43 1,857,098.18 1,359,188.81 10 67,959.44 1,061,643.27 108,332,850.62 20 1,354,160.63 106,978,689.99 122,081,917.64 2,041,613.98 118,262,417.19 (3) 2004 1-6 2003 1-6 56

2004 171,515,792.40 91,585,250.32-2,041,613.98-665,045.58 169,474,178.42 90,920,204.74 7 (1) A B 2004-1-1 2004-6-30 580,000 580,000 C 2004-1-1 2004-6-30 % % % % 162,234.423 57.58 162,234.423 57.58 D 30% 20% 5% 30% 15% MEIYA QUJING POWER COMPANY LIMITED 37% 19% MEIYA QUJING POWER COMPANY LIMITED (2) A 57

2004 a a [2003]59 2003 1 1 0.333 13.1 b [2003]58 2003 1 1 0.360 30.855 [2003]124 2004 1 1 0.007 [2004]1125 2004 6 15 0.15 c 2004 1 9 [2004]20 3# 220 / 2004 1 16 3# 168 100 / 2004 1 20 [2004]65 2004 1 1 2004 5 31 11 1 12 31 7 282 / b [2004]1037 2004 6 15 240 / 6 58

2004 160 / 4# 3# 2004 b. 2004 1-6 182,616,383.16 578,521,343.27 2004 4-6 293,461,554.70 B 2004 6 30 1,238,230,000.00 356,900,000.00 6,000,000.00 408,324,000.00 467,006,000.00 C a a 2004 6 30 10,000,000.00 2004 1 13 2005 1 13 4.779% b 2004 6 30 20,000,000.00 2003 9 21 2004 9 20 4.779 5.04% c 2004 6 30 40,000,000.00 2002 9 10 2005 9 10 5.49% 60,000,000.00 2004 6 11 2009 12 21 5.76% d 2004 6 30 88,000,000.00 2004 6 28 2006 12 31 5.76% e 2004 6 30 128,000,000.00 2002 6 21 2010 6 20 5.76% f 2004 6 30 120,000,000.00 2004 3 31 2005 3 31 4.779% b 2004 6 30 59

2004 439,422.19 3,636,921.70 c 2003 9 MEIYA QUJING POWER COMPANY LIMITED 37,000,000.00 2003 10 29 2004 4 29 2004 7 29 2003 5 6 10 86,000,000.00 2004 6 50,000,000.00 D 2002 1.5 2004 1-6 3,422,646.75 2002 2003 2004 2003 5,000,000.00 E 2004 1 29 26400 ( 44%) 37979.95 44% 2004 2004 2 9 2004 3 31 50% F 2004-6-30 2003-12-31 % % 445,402,124.84 52.63 333,186,390.07 100.00 400,930,420.31 47.37 - - 846,332,545.15 100.00 333,186,390.07 100.00 60

2004 78,000,000.00 100.00 85,945,000.00 100.00 78,000,000.00 100.00 85,945,000.00 100.00 - - 1,000,000.00 8.38 - - 200,000.00 1.68 - - 161,312.65 1.35 81,000,000.00 85.12 - - 81,000,000.00 85.12 1,361,312.65 11.41 120,000,000.00 21.94 20,000,000.00 3.66 20,000,000.00 14.29 10,000,000.00 1.83 - - ( ) 37,000,000.00 6.76 - - 187,000,000.00 34.19 20,000,000.00 14.29 177,460,000.00 3.64 173,370,000.00 8.45 905,643.70 0.02 1,816,139.64 0.09 128,000,000.00 2.62 - - 306,365,643.70 6.28 175,186,139.64 8.54 10,000,000.00 1.81 145,330,000.00 34.94 2,731,278.00 0.49 3,641,700.00 0.88 12,731,278.00 2.30 148,971,700.00 35.82 231,699,824.64 66.12 - - 63,000,000.00 17.98 51,000,000.00 59.59 12,000,000.00 3.42 12,000,000.00 14.02 2,674,724.70 0.76 4,000,000.00 4.67 309,374,549.34 88.28 67,000,000.00 78.28 5,761,536.00 1.66 - - 5,761,536.00 1.66 - - 10,250,000.00 20.30 4,250,000.00 100.00 11,894,000.00 23.56 - - 61

2004 15,400,000.00 30.50 - - 37,544,000.00 74.36 4,250,000.00 100.00 8 2004 6 30 9 1 2004 4 16 2 30 30 26.5 ( ) 25% 6.6 3.3 2004 6 21 2004 2 5 19 2004 2000 2005 2500 3 18.3324 42.2824 4.5831 10.5831 1 5 1.5 8100 10 1 2004 7 [2004]960 2 2004 8 1 2004 6 30 281,745,826 10 10 563,491,652 11 1 1998 12 62

2004 [1998]1 2 2004 6 30, 3 2004 6 30, 4 7 2 6 4# 6 160 / 4# 3 168 100 / 168 2004 6 15 220 / 2004 6 15 220 / 6 34,023,548.72 4# 2004 5 11 168 168 5,558,153.85 168 37,364,938.46 5 2004 6 8 2004 A 35% 55% 45% A A 2004 6 21 2004 63

2004 1 2 3 00 64