HENGDA REALESATE CO.,LTD. HDR 36 5 0898 65366112 0898 65307798 new_energy@163.net 36 5 570203 http://www.cninfo.com.cn 000502 1

2003 1 3 4600001003954 460100201285073 CMEC 12 2,164,624.97 2,560,560.67-17,525,902.54 3,128,507.47 34,293.80-16,039,697.29 22,315,686.61 0 4,111,364.35-20,564,889.85 23,302.36-4,111,364.35 25,540,110.23 4,483,020.64-3,919,775.08-1,905,528.23 2

( ) 2002 2001 2000 7,145,663.20 15,747,800.60 15,747,800.6 62,130,562.06 62,130,562.06 2,560,560.67-43,232,594.97-48,636,871.43 5,449,994.39 36,223,739.60 363,760,538.75 357,733,727.89 352,014,916.82 398,874,772.66 428,848,445.99 ( 190,583,399.66 186,173,304.73 180,969,128.07 227,830,310.90 260,040,190.20 ) / 0.0164-0.2777-0.3124 0.0350 0.2327 / 1.2243 1.1960 1.1625 1.4636 1.6705 / 1.2197 1.1499 1.1164 1.1736 1.4586-0.1321 0.0038 0.0038 0.3139 0.3139 (%) 1.34-23.22-26.88 2.39 13.93 (%) -0.0920-0.1338 0.1675-0.1678-0.0286 ( ) 15,566.85 263,051,596.17 26,968,504.84 11,950,445.60-271,465,754.88 186,173,304.73 1,850,352.96 2,560,560.67 4,410,913.63 818.70 818.70 15,566.85 264,901,130.43 26,968,504.84 11,950,445.60-268,905,194.21 190,583,399.66 3

1 1,850,352.96 818.70 2 2,560,560.67 + 1 44,416,908 44,416,908 44,416,908 44,416,908 2 54,092,596 54,092,596 3 315 315 4 98,509,819 98,509,819 1 57,158,694 57,158,694 2 3 4 57,158,694 57,158,694 155,668,513 155,668,513 1 2002 12 31 13321 2 10 4

(+ -) (%) 1 41,864,466 +41,864,466 26.89 2 25,449,550 16.39 3 5,602,667 3.60 4 3,103,713 1.99 5 3,000,000 1.93 6 1,800,000 1.15 7 1,470,000 0.94 8 1,320,000 0.85 9 1,000,000 0.64 10 1,000,000 0.64 2002 8 41,864,466 2002 8 22 3 10 4 10 1 1996 2 90% 1958 1994 1997 1997 5

2 10% 1989 8 14 45 35 2002.11 2005.11 49 34 45 32 39 51 35 2002.11 0 0 2005.11 2002.11 2005.11 0 0 0 0 2002.11 2005.11 0 0 2002.11 2005.11 2002.11 2005.11 2002.11 2005.11 2002.11 2005.11 2002.11 2005.11 0 0 0 0 0 0 0 0 0 0 40 2002.11 2005.11 0 0 2002.11 35 2005.11 0 0 39 2002.11 2005.11 36 2002.11-2 005.11 0 0 0 0 6

1 2000 1 1 2 14 2002 5 30 7 2 2000 4 29 2 172,128 53,930 68,602 16,000 0-2000 10 2000-8000 2 10000-20000 4 20000-30000 3 1 2002 6 30 2002 7

2002 5 31 7 2 2 2002 11 9 2002 2002 10 10 11 12 3 2002 11 9 2002 2002 10 10 11 12 4 2002 11 11 2002 11 12 16 13 3 13 1 2002 8

1 2 3 4 5 2002 4 16 2001 2002 5 16 24 2 67314016 43.24% 2001 2001 2001 2001 2001 < > 2002 2002 5 17 2002 5 31 2002 9

2002 6 30 24 2 67,314,016 43.24% 2002 7 2 2002 10 10 2002 2002 11 9 36 2 67,314,016 43.24% 2002 11 12 2002 11 28 2002 2002 12 29 36 2 67,314,016 43.24% 2002 12 31 10

1 1 2 2002 7,145,663.20 3,639,014.33 10% ( ) (%) ( ) (%) 6,727,511.20 94.15 1,196,408.14 32.88 3 10% 1-11 672.75 64.66 15.42% 4 714.57 54.62% 1 1 2002 2001 2002 2001 % 363,760,538.75 357,733,727.89 1.68 274,040.00 274,170.00 0 190,583,399.66 186,173,304.73 2.37 3,128,507.47 10,527,020.72-70.28 2,560,560.67-43,232,594.97 105.92 23,302.26 517,408.23-95.47% 2 11

1 2000 6 90% 2001 1 92.36% 2002 12 9 85% 7.36% 2002 1-11 672.75 268.08 2 2000 6 33.98% 1638.70 274.20 7.5% 3 90% -96.23 39.99% 29.11% 1 2 12

2003 90% 2003 2002 2002 8 2002 12 9 85% 2002 2002 12 25 94,203,498.76 1 2 1 2002 4 5 13

2002 4 9 2 2002 4 9 2002 4 12 3 2002 4 14 2001 2001 2001 2001 2001 2002 < > 2002 2001 20 2001 2002 4 16 4 2002 4 22 2002 4 24 5 2002 5 30 2002 5 31 6 2002 6 29 2002 7 2 7 2002 8 19 14

2002 2002 2002 2002 2002 7 26 8 2002 9 30 < > < > 2002 2002 10 10 9 2002 11 11 2002 11 12 10 2002 11 28 2002 2002 11 29 11 2002 12 9 85% 2002 12 11 12 2002 12 26 2002 12 28 2001 2002 15

2003 4 23 2002 2002 2,560,560.67-271,465,754.88-268,905,194.21 1 2002 4 15 2001 2002 4 16 2 2002 8 19 2002 2002 2002 2002 8 21 3 2002 9 30 2002 10 10 4 2002 11 11 2002 11 12 2002 1 16

2 3 4 5 2002 1 2002 7 6025550 65000 2002 7 31 2002 12 5 17

2 2000 12 29 3200 2002 9 10 3200 1790 2002 10 9 2002 12 9 85% 7460 7.36% 2002 12 11 2002 4 640 8% 8% 2002 4 12 1 2002 4 8 420 3,150 2002 9 26 420 2000 12 30 2002 9 26 18

420 34.5 14,282 2,459.25 820.97 706.30 3,150 3,150 2002 10 10 2 2002 12 25 16 2.4 89,203,498.76 2002 12 28 5% 2001 20 2002 7 22 7 26 [2002]83 2002 8 21 2002 11 2003 1 19

2002 4 420 34.5 19-31 820.97 420 45 25 20

[2003]111 2002 12 31 2002 2002 2002 12 31 2002 12.1 12.2 12.3 2002 12 9 85% 2,566.70 2002 12 25 ( 10.1 ) 21

1 2002 12 31 : 5.1 1,105,553.24 1,082,250.88 790,783.94 5.2 41,371,874.45 15,132,659.70 5.3 70,802,602.82 21,768,373.38 5.4 37,066,753.78 42,452,023.11 273,907.70 150,346,784.29 81,499,998.71 5.5 44,053,337.76 62,590,714.23 5.6 92,764,969.60 88,021,032.41 136,818,307.36 150,611,746.64 " " 16,458,749.38 " " 1,868,505.10 2,941,377.18 5.7 94,160,851.68 165,286,834.14 5.7 6,429,957.48 34,941,460.94 5.7 87,730,894.20 130,345,373.20 5.7 11,135,447.10 11,135,447.10 76,595,447.10 119,209,926.10 60,779.90 30,175.90 76,595,447.10 119,300,881.90 6,321,100.64-6,321,100.64 363,760,538.75 357,733,727.89 22

2 2002 12 31 : 5.80 57,990,455.00 62,990,455.00 5.90 7,471,908.55 9,188,110.54 140,569.83 140,569.83 61,946.70 3,292,955.23 3,364,225.69 8,516.69 8,516.69 5.10 6,140,330.07 6,657,735.34 140,395.74 137,342.13 5.11 41,721,178.12 27,851,601.32 5.12 55,994,906.66 57,355,971.76 172,901,215.89 167,756,475.00 5.13 274,040.00 274,170.00 274,040.00 274,170.00 173,175,255.89 168,030,645.00 1,883.20 3,529,778.16 5.14 155,668,513.00 155,668,513.00 : 155,668,513.00 155,668,513.00 5.15 264,901,130.43 263,051,596.17 5.16 38,918,950.44 38,918,950.44 11,950,445.60 11,950,445.60 5.17-268,905,194.21-271,465,754.88 190,583,399.66 186,173,304.73 363,760,538.75 357,733,727.89 23

2002 : 5.18 7,145,663.20 15,747,800.60 5.18 3,639,014.33 4,376,777.54 5.19 378,141.40 844,002.34 3,128,507.47 10,527,020.72 34,293.80 2,517.30 2,608,616.33 3,425,863.52 14,502,666.83 30,085,201.16 5.20 2,091,215.40 14,433,005.49-16,039,697.29-37,414,532.15 5.21 22,315,686.61-5,392,458.40 5.22 12,865.00 24,445.81 5.23 4,124,229.35 820,845.05 2,164,624.97-43,603,389.79-395,935.70-370,794.82 2,560,560.67-43,232,594.97-271,465,754.88-228,233,159.91-268,905,194.21-271,465,754.88-268,905,194.21-271,465,754.88-268,905,194.21-271,465,754.88 24

1 2002 7,780,036.03 20,808.10 7,800,844.13 1,653,440.10 2,346,665.83 379,664.78 5.24 23,985,963.27 28,365,733.98-20,564,889.85 65,800,000.00 65,800,000.00 49,548,323.34 63,136.00 49,611,459.34 16,188,540.66 10,236,400.00 10,236,400.00 5,836,748.45 5,836,748.45 4,399,651.55 23,302.36 25

2 2002 1 2,560,560.67 3,574,445.44 5,032,812.67 1,897,499.15 165,240.25-1,361,065.10 40,772.31 2,096,586.83-22,315,686.61 4,578,150.40-21,936,905.53 5,102,699.67-20,564,889.85 2 3 1,105,553.24 1,082,250.88 23,302.36 26

1 2002 12 31 : 5.1 393,939.29 789,395.02 5.2 41,099,932.45 14,996,614.36 5.3 70,802,602.82 21,768,373.38 5.4 37,066,753.78 41,575,131.57 149,363,228.34 79,129,514.33 5.5 44,089,118.51 105,262,220.97 5.6 92,764,969.60 88,021,032.41 136,854,088.11 193,283,253.38 " " " " 1,808,505.10 19,400,126.56 5.7 94,160,851.68 93,817,070.98 5.7 6,429,957.48 3,985,224.43 5.7 87,730,894.20 89,831,846.55 5.7 11,135,447.10 11,135,447.10 76,595,447.10 78,696,399.45 60,779.90 30,175.90 76,595,447.10 78,787,355.25 362,812,763.55 351,200,122.96 27

2 2002 12 31 : 5.80 57,990,455.00 62,990,455.00 5.90 7,471,908.55 7,916,208.55 140,569.83 140,569.83 40,572.70 3,292,955.23 3,328,329.69 8,516.69 8,516.69 5.10 6,140,330.07 5,899,130.95 140,395.74 131,168.59 5.11 41,717,928.12 26,956,825.88 5.12 55,994,906.66 57,355,971.76 172,897,965.89 164,767,749.64 5.13 274,040.00 274,170.00 274,040.00 274,170.00 173,172,005.89 165,041,919.64 5.14 155,668,513.00 155,668,513.00 : 155,668,513.00 155,668,513.00 5.15 264,901,130.43 263,051,596.17 5.16 38,918,950.44 38,918,950.44 11,950,445.60 11,950,445.60 5.17-269,847,836.21-271,480,856.29 189,640,757.66 186,158,203.32 362,812,763.55 351,200,122.96 28

2002 : 5.18 418,152.00 7,293,711.90 5.18 2,442,606.19 2,995,443.15 5.19 8,000.00 379,027.50-2,032,454.19 3,919,241.25 34,293.80 2,517.30 7,398,593.30 22,401,631.55 5.20 2,096,317.09 14,431,916.90-11,493,070.78-32,911,789.90 5.21 17,196,682.90-9,874,998.86 5.22 12,865.00 24,100.27 5.23 4,083,457.04 485,007.89 1,633,020.08-43,247,696.38 1,633,020.08-43,247,696.38-271,480,856.29-228,233,159.91-269,847,836.21-271,480,856.29-269,847,836.21-271,480,856.29-269,847,836.21-271,480,856.29 29

1 2002 448,517.80 14,178.14 462,695.94 217,707.85 699,709.43 213,005.01 5.24 2,663,287.03 3,793,709.32-3,331,013.38 514,093.90 950,000.00 1,464,093.90-1,464,093.90 10,236,400.00 10,236,400.00 5,836,748.45 5,836,748.45 4,399,651.55-395,455.73-30

2 2002 1 1,633,020.08 3,657,229.37 2,444,733.05-1,361,065.10 2,096,586.83-17,196,682.90 4,508,377.79-3,337,393.85 4,224,181.35-3,331,013.38 2 3 393,939.29 789,395.02-395,455.73 31

2002 : 43,204,309.32-4,293,213.87 3,657,229.37 8,302,112.73 34,266,212.09 5,356,947.92-54,223.37 5,302,724.55 37,847,361.40-4,238,990.50 3,657,229.37 2,999,388.18 34,266,212.09 578,681.39 578,681.39 578,681.39 578,681.39 1,530,093.27 1,530,093.27 1,530,093.27 1,530,093.27 11,135,447.10 11,135,447.10 11,135,447.10 11,135,447.10 32

2002 1 2 155,668,513.00 155,668,513.00 3 4 5 6 7 8 9 155,668,513.00 155,668,513.00 10 11 263,051,596.17 261,275,907.57 12 13 14 15 16 91,922.34 17 18 19 1,850,352.96 1,683,766.26 20 818.7 21 22 264,901,130.43 263,051,596.17 23 24 26,968,504.84 26,968,504.84 25 26 27 28 29 30 31 32 33 34 35 36 37 26,968,504.84 26,968,504.84 38 3,822,972.98 3,822,972.98 39 40 41 42 11,950,445.60 11,950,445.60 43 44 45 46 47 11,950,445.60 11,950,445.60 48 49-271,465,754.88-228,233,159.91-50 2,560,560.67-43,232,594.97 51-52 -268,905,194.21-271,465,754.88 33

2002 % % / / 1.6415 1.6608 0.0201 0.0201-8.4161-8.5146-0.1030-0.1030 1.3435 1.3593 0.0164 0.0164-9.1959-9.3036-0.1126-0.1126 2002 1 25,667,035.49 2 3254,101.44 4 5 4,075,007.04 6 34

-6,147,731.86-100.00% 5,302,724.55 22,658,065.44 42.77% 49,003,529.44 225.25% -71,125,982.46-43.03% -28,511,503.46-81.59% -6,321,100.64-100.00% 13,869,576.80 49.80% -8,602,137.40-54.62% -465,860.94-55.20% -7,398,513.25-70.29% 31,776.50 1262.32% -15,582,534.33-51.79% -12,341,790.09-85.51% 27,708,145.01-11,580.81-47.37% 3,303,384.30 402.43% 45,793,155.64 35

2002 1 2003 1 3 1991 5 1991 38, 1991 5 23 14,154,298 1992 1995 94,276,190.00 2002 12 31, 155,668,513.00 1989 9 18, 4600001003954 2003 1 3 2 2.1 2.2 1 1 12 31 2.3 2.4 2.5 ( ) 36

( ) 2.6 3 2.7 2.7.1 (1) (2) 2.7.2 2.7.3 1 6% 1 2 7% 2 3 8% 3 10% 3 2.8 2.8.1 2.8.2 2.8.3, 2.9 37

2.10 2.10.1 20% 20% 20% 20% 20% 50% 50%, 10 2.10.2 2.10.3, 2.11 2.11.1 1 2000 2.11.2 10% 20 40 2.25%-4.5% 38

8 11.25% 8 11.25% 5 8 18%-11.25% 25 4.00% 2.11.3 2.12 2.12.1 2.12.2, 3, 2.13 3 2.14 2.14.1 2.14.2 39

2.15 2.16 2.16.1 : (1) (2) (3) (4) 2.16.2 2.16.3 2.17 2.18 2002 8 45 25 2002 9 2.19 40

5,404,276.46 200,099.80, 2002 5,204,176.66 2001 5,404,276.46 2001 200,099.80 2.20 50% 50% 3 5% 6% 7% 3% 15% 1998 26 15% 4 RMB73,300,000.00 RMB5,395,000.00 7.36% RMB1,000,000.00 RMB950,000.00 95.00% 2002 67,700,000.00 92.36% 2002 12 9 67,700,000.00 62,305,000.00 85% 5,395,000.00 7.36% [2002]18 2002 12 41

50% 2002 1-11 5 5.1 50,822.28 343,080.84-1,054,258.18 739,170.04-57.10 8.2799 472.78 1,105,553.24 1,082,250.88 5.2 (1) % % % % 1 30,574,268.20 40.42 6-50 3,511,320.94 823,708.26 1.55 6 49,422.50 1 2 457,300.00 0.6 7 32,011.00 42,317,285.18 79.88 7-87.5 28,722,209.96 2 3 41,968,602.00 55.49 8-87.5 28,797,488.16 201,048.43 0.38 8 16,083.87 3 2,637,916.34 3.49 10-100 1,925,391.99 9,637,979.23 18.19 10-100 9,059,645.07 75,638,086.54 100 34,266,212.09 52,980,021.10 100 37,847,361.40 (2) 3 1,846,222.40, 2-3 32,000,000.00 28,000,000.00 1 3,811,056.45 50% 42

1,905,528.23 (3) % 32,000,000.00 42.31 2-3 16,000,000.00 21.15 1 9,358,261.00 12.37 2-3 8,800,000.00 11.63 1 3,811,056.45 5.05 1 69,969,317.45 92.51 (4) 5% 5% 5.3 (1) % % 1 49,034,229.44 69.25 1 2 2,340.00 0.01 2 3 2,340.00 3 21,766,033.38 30.75 21,766,033.38 99.99 70,802,602.82 100.00 21,768,373.38 100.00 (2) 5% 5% (3) 225.25% 12.3 (4) 1 20,340,033.38, 1,426,000.00, 2,340.00, 21,768,373.38 43

5.4 (1) 6,034,829.37 578,681.39 42,080,303.86 578,681.39 42,250.80 44,537.60 837,508.04 31,568,355.00 68,355.00 37,645,435.17 578,681.39 43,030,704.50 578,681.39 578,681.39 578,681.39 5.5 38,816,224.47 38,816,224.47 45,131,964.85 45,131,964.85 6,767,206.56 1,530,093.27 5,237,113.29 18,988,842.65 1,530,093.27 17,458,749.38 45,583,431.03 1,530,093.27 44,053,337.76 64,120,807.50 1,530,093.27 62,590,714.23 5.5.1 ( ) % 37.7806 0.26 377,806.00 377,806.00 5,040.00 523.90 30.91 57,156,385.88-20,677,576.15 91,103.64 1,868,505.10 38,438,418.47 57,534,191.88-20,677,576.15 91,103.64 1,868,505.10 38,816,224.47 5.5.2 44

% 1994 1,530,093.27 3 1,530,093.27 2000 1,000,000.00 2000 4,237,113.29 7.36 6,767,206.56 1,530,093.27 5.6 % 64,525,489.58 5.58 2004.6.30 3,863,595.56 8,125,658.23 72,651,147.81 15,776,731.76 5.58 880,341.63 2,337,090.03 18,113,821.79 2,000,000.00 0 2,000,000.00 82,302,221.34 4,743,937.19 10,462,748.26 92,764,969.60 2002 11 19 5.7 1 50,372,517.45 328,909.70 49,861,791.08 839,636.07 1,057,285.04 465,000.00 1,002,285.04 520,000.00 17,754,473.13 17,703,393.13 51,080.00 92,174,000.00 92,174,000.00 3,928,558.52 14,871.00 3,367,293.91 576,135.61 165,286,834.14 808,780.70 71,934,763.16 94,160,851.68 2 15,710,067.22 29,149.69 15,427,417.97 305,631.89 888,285.03 67,275.00 537,285.03 418,275.00 11,690,042.11 11,638,962.11 476,733.47 2,816,431.90 2,327,342.97 5,143,774.87 3,836,634,.68 20,965.39 3,352,571.40 85,542.25 45

34,941,460.94 2,444,733.05 30,956,236.51 6,429,957.48 130,345,373.20 87,730,894.20 71,469,763.16 30,956,236.51 3 11,135,447.10 11,135,447.10 5.8 57,990,455.00 62,990,455.00 % 42,300,000.00 7.56 15,690,455.00 10.80 5.9 7,471,908.55 9,188,110.54 (1) 5% 5% (2) 3 7,441,208.55 5.10 1,201,543.60 1,201,543.60 4,443,124.97 4,315,009.71 341,744.46 334,572.92 105,021.51 102,915.16 46

48,895.53 703,693.95 6,140,330.07 6,657,735.34 5.11 41,721,178.12 27,851,601.32 1 5% 5% 2,410,000.00 (2) 3 961,594.44 5.12 91,170.00 91,170.00 55,903,736.66 57,264,801.76 55,994,906.66 57,355,971.76 5.13 210,900.00 1991.8 30,000,000.00 3 63,270.00 130.00 274,040.00 5.14 + - 1 44,416,908 44,416,908 44,416,908 44,416,908 2 54,092,596 54,092,596 3 315 315 4 47

98,509,819 98,509,819 1 57,158,694 57,158,694 2 3 4 57,158,694 57,158,694 155,668,513 155,668,513 5.15 150,788,402.98 150,788,402.98 47,601,932.10 47,601,932.10 48,270,498.15 48,270,498.15 91,922.34 818.70 91,103.64 16,298,840.60 1,850,352.96 18,149,193.56 263,051,596.17 1,850,352.96 818.70 264,901,130.43 : 1,850,352.96 818.70 5.16 3,822,972.98 3,822,972.98 11,950,445.60 11,950,445.60 23,145,531.86 23,145,531.86 38,918,950.44 38,918,950.44 5.17 2001-276,669,931.54 5,204,176.66 : 2,560,560.67 2002-268,905,194.21 48

5.18 6,586,136.50 1,707,399.54 6,727,511.20 8,454,088.70 1,196,408.14 1,381,334.39 418,152.00 707,575.40 2,442,606.19 1,288,043.61 7,145,663.20 15,747,800.60 3,639,014.33 4,376,777.54 5.19 336,492.18 752,011.22 5% 23,554.45 52,640.79 7% 10,094.77 22,560.33 3% 8,000.00 16,790.00 378,141.40 844,002.34 5.20 2,096,586.83 14,432,607.24 6,480.83 4,270.20 1,109.40 4,668.45 2,091,215.40 14,433,005.49 5.21-1,784,473.57-6,970,689.92 25,540,110.23-2,003,195.61-2,295,951.57 4,483,020.64 5,404,276.46-3,919,775.08-1,530,093.37 22,315,686.61-5,392,458.40 49

5.22 12,865.00 4,880.00 19,180.27 385.54 12,865.00 24,445.81 5.23 4,075,007.04 40,772.31 335,837.16 485,007.89 8,450.00 4,124,229.35 820,845.05 5.24 1,187,647.29 940,119.87 360,372.08 282,057.59 163,547.04 249,678.23 177,379.95 206,990.33 3,398,235.75 17,019,935.14 23,985,963.27 6 6.1 (1) 50

% (%) % (%) 1 30,284,968.20 40.19 6-50 3,493,962.94 714,979.92 1.47 6 42,898.80 1 2 457,300.00 0.61 7 32,011.00 42,316,685.60 86.94 7-87.5 28,722,167.99 2 3 41,968,602.00 55.70 8-87.5 28,797,488.16 201,048.43 0.41 8 16,083.87 3 2,637,916.34 3.50 10-100 1,925,391.99 5,441,596.09 11.18 10-100 4,896,545.02 75,348,786.54 100.00 34,248,854.09 48,674,310.04 100.00 33,677,695.68 (2) 3 1,846,222.40, 2-3 32,000,000.00 28,000,000.00 1 3,811,056.45 50% 1,905,528.23 (3) % 32,000,000.00 39.28 2-3 9,358,261.00 11.49 2-3 8,800,000.00 10.80 1 3,811,056.45 4.67 1 1,576,520.71 1.95 1-2 55,545,838.16 68.19 (4) 5% 5% 6.2 38,816,224.47 38,816,224.47 45,131,964.85 45,131,964.85 6,802,987.31 1,530,093.27 5,272,894.04 61,660,349.39 1,530,093.27 60,130,256.12 45,619,211.78 1,530,093.27 44,089,118.51 106,792,314.24 1,530,093.27 105,262,220.97 51

6.2.1 ( ) % 377,806 0.26% 377,806.00 377,806.00 5,040.00 523.90 30.91% 57,156,385.88-20,677,576.15 91,103.64 1,868,505.10 38,438,418.47 57,534,191.88-20,677,576.15 91,103.64 1,868,505.10 38,816,224.47 6.2.2 % 2000 7.36 4,237,113.29 4,237,113.29 1994 3 1,530,093.27 1,530,093.27 1,530,093.27 2000 1,000,000.00 1,000,000.00 2002 95 950 000.00-914,219.25 35,780.75 7,717,206.56-914,219.25 6,802,987.31 1,530,093.27 6.3 % 64,525,489.58 5.58 2004.6.30 3,863,595.56 8,125,658.23 72,651,147.81 15,776,731.76 5.58 880,341.63 2,337,090.03 18,113,821.79 2,000,000.00 0 2,000,000.00 82,302,221.34 4,743,937.19 10,462,748.26 92,764,969.60 2002 11 19 6.4 6,586,136.50 418,152.00 707,575.40 418,152.00 7,293,711.90 52

6.5 1,707,399.54 2,442,606.19 1,288,043.61 2,442,606.19 2,995,443.15 6.6-6,903,477.28-11,453,230.38 25,540,110.23-2,003,195.61-2,295,951.57 4,483,020.64 5,404,276.46-3,919,775.08-1,530,093.37 17,196,682.90-9,874,998.86 7: 7.1 7.1.1 RMB30,000,000 26.89% RMB1,000,000 95% 7.1.2 RMB3,000 3,000 53

RMB100 100 7.1.3 % 41,864,466.00 41,864,466.00 26.89 950,000.00 950,000.00 7.36 7.1.4 2002 6 7.36% 7.2 7.2.1 172,128.00 7.2.2 2002 12 31 2001 12 31 1,904,388.18 9,358,261.00 9,705,310.00 1,576,520.71 10,934,781.71 11,609,698.18 5,224,611.30 18,460,397.20 10,537,942.47 2,410,000.00 20,870,397.20 15,762,553.77 49,034,229.44 2002 8 16 54

41,864,466 26.89% 8 8.1 2000 12 13 33,134,000.00 [2000]80 33,134,000.00 2002 12 31 10,303,355.67 22,830,644.33 2001 9 17 8.2 2002 11 29 [2002] 102 1999 9 1 416.73 10,387,966.62 1999 9 1 6,025,500.00 ( 1995 10 26 1,801,250.00, 1995 10 27 1999 11 30 600, 11% ; 1999 12 1, 6,025,550.00, ) 2002 12 12 8.3 2002 9 10 3,200 2002 12 31 2,800 8.4 2002 12 25 89,203,498.76 2003 5 30 2001 12 21 9 55

10: 10.1 2003 1 16 142,630,471.54 90% 153,900,000.00, 11,269,528.46 2003 1 16 [2001]105 2003 4 17 ( [2003]6 ), 10.2 2003 4 23 2002 23,145,531.86 3,822,972.98 150,788,402.98 177,756,907.82 2002 11 1,850,352.96 4,075,007.04 1,850,352.96 4,075,007.04 778,113.04 1,072,239.92, 50 62,871.28 63 2002 12 24 860,000.00 4,012,135.76 12 12.1 2002 3 22 56

2001 12 20 84,944,081.01 2001 12 20 94,203,498.76 2002 12 25 89,203,498.76 500 34.5 19-31 820.97 2.4 2003 5 30 12.2 2002 12 9 6,770 6,230.5 85% 539.5 7.36% 7,460 25,667,035.49 2003 12 31 65,800,000.00 2003 1 3 12.3 2002 12 9 85% 2002 3 22 12.1 2002 12 10 2002 12 26 57

57,238,500.00 2002 12 31 49,034,229.44 12.4 2002 6 2002 1 1 27.51% 3,919,775.08 9,259,417.75 2002 12 31 3,811,056.45 50% 1,905,528.23 12.5 2002 4 8 420 3,150 2002 9 26 420 2000 12 30 2002 9 26 420 34.5 14,282 2,459.25 820.97 706.30 3,150 3,150 2002 12 31 12.6 2002 12 31 4 292.19 58

59