2 0 0 3 0917--3624433 5145 0917 3622392

2003 3 4 6 8 10 12 12 18 20 23 23 25 26 34 2

2003 CHANG LING GROUP CO. LTD. CLGCL 0917--3624433 5145 0917 3622392 dsh@changling.com.cn 75 75 721006 http://www.changling.com.cn cl@changling.com.cn http://www.cninfo.com.cn *ST 000561 1992 9 15 6100001000019 610302220533749 5022 B 11 518026 3

2003 1-803663302.83-440802917.29-391684966.35 46001479.64 4277139.15-730429424,10 2660287.36 736709.66-76630875,75 34798576.80 980096.04-49117950.94 2003 2002 - -163,480.00 353,614.44 53,458.25 2,549,320.88-798,909.06 552,202.51 3,701,844.38 442,180.76 6,937,971.98 222,910.53 39,824.90 13,506.54 324,585.07 28,820,017.10 20,790.94 51,445.00 43,453,180.36 9,681,960.52 2,043,442.07 422,396.34 52,819,795.32 39,212,236.03-49,117,950.94-38,770,055.27 4

2003 2 2003 2002 2003 2002 2001 435826880.45 354970144.43 22.78% 96749496.70-440802917.29-296755139.00 - -323543981.95 705403744.38 1506206757.03-53.17% 1329920202.44-626966701.62 143107979.89-538.11% 486175856.88-1.11-0.75 - -0.8149-1.58 0.36-538.11% 1.2246-1.6276 0.23-1.0077 0.0874-0.09 - -0.1886 -- -207% - -66.55% 3 [ ] % -- -- 0.12 0.12 -- -- -1.84-1.84 -- -- -1.11-1.11 -- -- -0.99-0.99 4 397012585 516244849.22 70633950.51-791886160.90 143107979.89 5

2003 4419270.29 440802917.29 770074681.51 397012585 520664119.51 70633950.51-1232689078.19-626966701.62 1 1 1 + - 119026400 119026400 235898480 35898480 3 4 154924880 154924880 1 242087705 242087705 2 3 4 242087705 242087705 6

2003 397012585 397012585 2 1 2003 12 31 124007 2 10 2003 12 31 (%) 0 119026400 29.98 0 0 18720000 4.72 0 2880000 0.73 0 2500000 0.63 0 2160000 0.54 0 1440000 0.36 0 1440000 0.36 0 1440000 0.36 0 1338480 0.34 1338480 0 1152000 0.29 3 4 2003 8 1 7

2003 2003 3597 5 10 1 520700 A 2 480000 A 3 457900 A 4 430000 A 5 330000 A 6 300000 A 7 299960 A 8 262100 A 9 259500 A 10 255700 A 1 51 2003.9 2006.9 500 500 41 2003.9 2006.9 0 0 52 2003.9 2006.9 0 0 45 2003.9 2006.9 6700 6700 47 2003.9 2006.9 0 0 8

9 2003 66 2003.9 2006.9 0 0 49 2003.9 2006.9 0 0 60 2003.9 2006.9 0 0 52 2003.9 2006.9 0 0 36 2003.9 2006.9 200 200 44 2003.9 2006.9 0 0 38 2003.9 2006.9 300 300 50 2003.9 2006.9 0 0 55 2003.9 2006.9 0 0 42 2003.9 2006.9 0 0 48 2003.9 2006.9 0 0 46 2003.9 2006.9 0 0 41 2003.9 2006.9 0 0 40 2003.9 2006.9 0 0 39 2003.9 2006.9 0 0 43 2003.9 2006.9 0 0 1 2003 8 2 1996 16 44.01 10.67 9.39 0.6 1 2

2003 2 3 2--3 3 9 3 4 3 2003 9 22 2002 9 23 4 2003 12 31 1956 1100 196 154 48 227 231 789 33.94% 2081 389 1 1 2 2003 6 30 3 2003 9 22 2002 4 10

2003 2 3 1 2 3 4 5 1 2002 2003 8 20 2003 9 18 15 00 2002 2003 9 22 10 146823400 36.98% 11

2003 1 2002 2 2002 3 2002 4 2002 5 2002 6 7 8 9 10 2003 9 23 2 2003 9 22 2002 1 1 2003 4.36 22.82% -44080.29 14404.78 1.28 22.7% 1.03 96.3% 1.56 26.16% 10% 12

2003 % % % 24896.74 28889.28-16.04% -0.97% 1.37% -20.03% 15622.44 7807.75 50.02% 26.16% 22.42% 3.15% 3063.51 1971.48 35.65% -251.16% -167.30% 180.04% 43582.69 38668.51 4,767.43-21.83% 5,461.94 103.37% 2,133.87-32.87% 183.33-81.35% 459.84-75.84% 30,327.21 56.67% 249.06-33.28% 2 21800 12057 55.30% 7.13 1.28, 22.7% 15000 14500 96.67% 15.33 1.03, 96.30% 4710 4000 85% 1.56 26.16% 3 5415.25 13

2003 25% 22356.23 51% 4 2003 5 2003 2002 2003 2004 1 2004 2 3 4 2 2003 3 20 4000 710 14

2003 3 44080.29 14310.8-62696.67 150620.68 70540.37 3282.92 4600.15-3006.17 98.01 4 2004 5.32 1.5 2.1 1.5 100 15 12 OEM 9 3445 2004 1 2 3 5 1 2003 3 20 2003 4 13 2002 2002 2002 2003 4 28 2003 2003 5 14 2003 5 20 9:00 15

2003 2002 2002 2003 4 16 2003 5 15 2003 6 5 2003 8 18 2003 2002 2003 9 22 2003 10 29 2003 2003 12 19 2004 2 6 2003-44080.29-79188.62-123268.91 7 8 16

2003 1 2 2003 50% (2003)56 2003 4359 2459 2004 6 30 950 2004 7 22 950 2004 7 24 310 2003 64466.91 2004 3 29 17

2003 1 2 2003 3, 2003 OEM 4 1 2 18

2003 12003 4 13 2002 2002 2003 4 16 2 2003 8 18 2003 2003 8 20 32003 9 22 2003 9 23 2002 1 2 3 2003 2003 4 2003 644,669,061.44 [2003]27 2004 1 2004 19

2003 2 3 1 1 2 3 2003 12 3 2003 1605 2378000 4 2003 12 14 2003 509 1886930.43 1104732.88 5 2002 8 14 2002 062 814 6 7 20

2003 2 3 4 [2003] 56 21 2004 071 *ST 2003 ( 2003 56 ) *ST *ST 1 2003 12 31 *ST 31,661 *ST 31,399 2 2003 12 31 *ST 9,584 *ST 10,030 3 2003 12 31 *ST 5,821 *ST 5,821 4 2003 12 31 *ST 1,084 *ST 1,721 9,107 9,744

2003 ( 2003 56 ) 31,661 31,399 662 340 9,584 10,030 11 457 5,821 5,821 0 0 1,084 1,721 9,107 9,744 47,066 1,084 47,250 1,721 673 9,107 797 9,744 2004 3 29 5 1 1993.6.10 300 1 2000.11.29 500 2 22

2003 2003.7.1 2459 1 2003.7.23 950 1 2003.7.25 950 1 2003.3.26 150 1 2003.9.15 80 1 2003.10.24 80 1 4669 5469 0 2 6 5% 7 2002 30 6 8 1 2004 030 2 3 23

2003 1 2003 2 3 4 24

2003 : (2004) 030 ( )2003 12 31 2003 2003 12 31 2003 5 24 2001 2002 2003 2003 12 31-62,697 5 13 1.5 10 2004 3 29 25

2003 2003 12 31 1 11,528,726.69 1,014,246.52 10,548,630.65 2,438,408.17 - - - - 2 5,747,535.00 657,000.00 13,726,702.95 9,143,202.95 - - - - - - - - 3 28,790,593.45 5,059,616.72 70,838,903.56 111,386,169.87 4 58,154,891.76 54,330,271.78 561,011,650.59 339,183,722.94 5 15,399,116.51 10,035,918.45 39,379,450.45 13,138,117.70 6 115,740,346.23 1,259,753.24 233,962,774.86 81,832,996.01 7 2,838,901.63 217,847.27 1,851,387.65 390,871.33 - - - - - - - - 238,200,111.27 72,574,653.98 931,319,500.71 557,513,488.97 8 12,437,369.29 129,903,037.51 20,503,090.92 88,957,556.52 8 - - - - 12,437,369.29 129,903,037.51 20,503,090.92 88,957,556.52 - - - - - - - 9 638,712,922.99 160,881,308.31 681,575,726.34 225,982,379.92 9 237,134,192.49 56,775,372.00 246,375,220.07 82,835,751.54 401,578,730.50 104,105,936.31 435,200,506.27 143,146,628.38 74,076,699.45 29,333,269.31 30,711,719.98 30,711,719.98 327,502,031.05 74,772,667.00 404,488,786.29 112,434,908.40 10 18,278,399.73 8,161,039.77 37,396,833.90 33,367,548.66 (24,623.94) - 34,600.53-345,755,806.84 82,933,706.77 441,920,220.72 145,802,457.06 11 94,089,981.15 27,370,723.00 99,219,380.67 28,011,259.00 12 14,920,475.83 342,111.79 13,244,564.01 640,580.00 - - - - 109,010,456.98 27,712,834.79 112,463,944.68 28,651,839.00 - - - - 705,403,744.38 313,124,233.05 1,506,206,757.03 820,925,341.55 26

2003 2003 12 31 13 315,129,599.06 139,944,599.00 331,682,933.00 155,946,933.00 - - 5,200,000.00 150,000.00 14 485,814,798.69 207,284,350.02 545,372,378.63 284,001,395.84 15 41,431,943.88 17,151,451.82 37,493,758.33 30,954,623.66 272,816.41 181,869.00 362,506.99 274,786.08 8,225,495.49 681,667.58 9,073,409.45 3,015,306.99 170,537.84-205,537.84-17 3,976,694.51 3,232,994.40 2,083,824.57 2,312,742.42 4,362,772.67 4,096,634.11 5,480,817.51 5,303,260.43 16 234,165,060.63 180,024,308.43 216,626,623.49 131,153,835.44 18 69,423,761.02 29,406,637.36 20,791,132.85 9,003,407.98 - - - - - - - - - - - - 1,162,973,480.20 582,004,511.72 1,174,372,922.66 622,116,291.84 19 139,330,105.00 22,000,000.00 133,330,105.00 16,000,000.00 400,000.00-400,000.00-3,395,947.00 3,395,947.00 - - - - - - 143,126,052.00 25,395,947.00 133,730,105.00 16,000,000.00 - - - - 1,306,099,532.20 607,400,458.72 1,308,103,027.66 638,116,291.84 26,270,913.80-54,995,749.48-20 397,012,585.00 397,012,585.00 397,012,585.00 397,012,585.00 22 520,664,119.51 520,664,119.51 516,244,849.22 516,244,849.22 23 70,633,950.51 70,633,950.51 70,633,950.51 70,633,950.51 - - - - 24 (1,232,689,078.19) (1,282,586,880.69) (791,886,160.90) (801,082,335.02) 25 (382,588,278.45) - (48,897,243.94) - - - - - (626,966,701.62) (294,276,225.67) 143,107,979.89 182,809,049.71 705,403,744.38 313,124,233.05 1,506,206,757.03 820,925,341.55 27

2003 2003 26 435,826,880.45 63,566,759.18 354,970,144.43 244,109,161.55 : 26 386,685,103.91 45,868,187.63 319,481,062.18 211,245,539.33 27 3,140,296.90 891,767.30 2,659,886.51 2,214,895.73 46,001,479.64 16,806,804.25 32,829,195.74 30,648,726.49 : 28 (4,277,139.15) 3,277,829.65 (6,122,465.08) (147,496.09) : 30,226,226.78 7,837,396.91 98,048,002.19 94,392,032.16 710,649,139.54 459,045,745.80 204,693,354.81 97,226,773.75 29 31,278,398.27 11,048,310.04 17,056,982.70 11,929,045.85 (730,429,424.10) (457,846,818.85) (293,091,609.04) (173,046,621.36) : 30 2,660,287.36 680,496.58 (43,510,084.40) (121,156,115.38) 736,709.66-1,009,529.27-31 1,720,184.33 1,308,071.44 903,971.28 671,724.90 : 31 78,351,060.08 25,646,294.84 15,510,774.53 15,110,963.83 (803,663,302.83) (481,504,545.67) (350,198,967.42) (308,641,975.67) : 184,205.82-456,184.34 2,509.16 (33,718,221.58) - (5,002,768.82) - 32 (329,326,369.78) - (48,897,243.94) - (440,802,917.29) (481,504,545.67) (296,755,139.00) (308,644,484.83) : (791,886,160.90) (801,082,335.02) (495,131,021.90) (492,437,850.19) - - - - (1,232,689,078.19) (1,282,586,880.69) (791,886,160.90) (801,082,335.02) : - - - - - - - - (1,232,689,078.19) (1,282,586,880.69) (791,886,160.90) (801,082,335.02) : - - - - - - - - - - - - (1,232,689,078.19) (1,282,586,880.69) (791,886,160.90) (801,082,335.02) 1. - - 2. ( ) - - 3. ( ) (541,527,683.31) - 4. - - 28

2003 2003 2002 506,346,880.40 109,069,345.47 418,144,886.58 294,395,941.51 5,207,871.23-2,863,336.62 36,332.76 33 88,998,860.47 103,356,277.65 81,830,024.52 88,179,505.58 600,553,612.10 212,425,623.12 502,838,247.72 382,611,779.85 388,844,825.58 83,654,205.83 392,545,625.67 270,652,517.88 50,426,987.33 13,194,654.01 33,474,851.61 24,735,306.54 32,262,794.49 5,495,479.17 35,625,017.25 23,880,613.69 33 94,310,427.90 100,392,217.37 78,569,398.91 93,967,991.35 565,845,035.30 202,736,556.38 540,214,893.44 413,236,429.46 34,708,576.80 9,689,066.74 (37,376,645.72) (30,624,649.61) 2,755,200.00-2,816,000.00 2,816,000.00 - - - - 29,152.96 29,152.96 292,196.85 286,364.49 50,199.70 50,000.00 - - 2,834,552.66 79,152.96 3,108,196.85 3,102,364.49 13,338,808.48 1,968,878.97 12,304,536.23 3,919,395.92 327,621.00 327,621.00 - - 250,380.92 234,808.59 - - 13,916,810.40 2,531,308.56 12,304,536.23 3,919,395.92 (11,082,257.74) (2,452,155.60) (9,196,339.38) (817,031.43) 66,200,000.00 65,700,000.00 - - 52,722,600.00 39,772,600.00 178,312,307.09 133,777,407.09 34 64,846.57 11,160.98 - - 118,987,446.57 105,483,760.98 178,312,307.09 133,777,407.09 123,571,718.00 112,071,718.00 153,286,559.88 124,716,925.00 8,279,951.99 2,073,115.77 5,355,327.47 4,320,194.40 29

30 2003 - - - - 9,781,999.60-3,159,148.71 2,473,241.76 34 141,633,669.59 114,144,833.77 161,801,036.06 131,510,361.16 (22,646,223.02) (8,661,072.79) 16,511,271.03 2,267,045.93 980,096.04 (1,424,161.65) (30,061,714.07) (29,174,635.11) (440,802,917.29) (481,504,545.67) (296,755,139.00) (308,644,484.83) (33,718,221.58) - (5,002,768.82) - (329,326,369.78) - - - 644,669,061.44 442,541,198.74 244,275,693.11 120,012,683.27 35,457,473.28 7,327,383.72 23,368,320.32 8,544,221.34 5,243,399.52 640,536.00 5,637,110.05 640,506.00 3,632,626.02 916,639.89 3,371,826.15 3,043,593.02 (987,513.98) 173,024.06 298,273.94 16,982.87 48,632,628.17 20,403,229.38 4,995,868.16 8,598,173.30 9,827,399.31 4,249,524.39 332,702.29 331,712.85 20,874.78 - - - 8,279,951.99 2,073,115.77 17,056,982.70 11,929,045.85 ( ) (2,660,287.36) (680,496.58) 495,133.51 78,141,164.49 ( ) - - - - ( ) 77,196,089.18 64,187,674.38 (27,107,472.90) 85,550,683.78 ( ) 52,723,119.79 (6,130,112.72) (116,612,111.05) 129,710,712.33 ( ) (43,478,736.69) (44,508,104.62) 108,268,935.82 (168,499,643.88) 34,708,576.80 9,689,066.74 (37,376,645.72) (30,624,649.61) 3 11,528,726.69 1,014,246.52 10,548,630.65 2,438,408.17 10,548,630.65 2,438,408.17 40,610,344.72 31,613,043.28 - - - - - - - -

2003 980,096.04 (1,424,161.65) (30,061,714.07) (29,174,635.11) 2003 170,740,238.09 567,909,498.40 26,951,446.87 711,698,289.62 42,487,370.99 141,089,937.75 25,627,389.27 157,949,919.47 128,252,867.10 426,819,560.65 1,324,057.60 553,748,370.15 - - - - - - - - - - - - 18,245,977.36 41,026,339.45-59,272,316.81 18,245,977.36 39,049,138.38-57,295,115.74-1,965,444.49-1,965,444.49-11,756.58-11,756.58 1,173,544.67 2,166,351.63-3,339,896.30 1,173,544.67 2,166,351.63-3,339,896.30 - - - - 30,711,719.98 47,702,153.72 4,337,174.25 74,076,699.45 382,625.88 114,947.73-497,573.61 30,329,094.10 3,167,787.48 4,337,174.25 29,159,707.33-44,002,460.77-44,002,460.77-373,452.05-373,452.05-0.00-0.00-43,505.69-43,505.69 - - - - - - - - - - - - 1,756,186.77 17,153,339.36-18,909,526.13 - - - - 31

2003 1. 2003 156 1992 [1992]39 1993 [1993]119 [1993]109 1994 5 9 22053b374-9 1997 6 8 [1997]15 2002 8 27 6100001000019 2. 1 2 32

2003 3 4 5, 6 : 7 8 1 0% 1 2 10% 2 3 50% 3 100% 9 : 33

2003 5. 9 10 50% 20% 20% 10 5. 8 11 a. b. 30 % c. 3% 15-40 2.425%-6.467% 12-15 6.467%-8.083% 10-12 8.083%-9.700% 8-14 6.929%-12.125% 12 5. 10 34

2003 13 14 a. 50 b. 10 15 5-10 16 : 17 18 33% 19, 35

2003 4 20 1 3% 1 2 5% 2 3 10% 3 4 30% 4 5 50% 5 100% 1 0% 1 2 10% 2 3 50% 3 100% 541,527,683.31 541,527,683.31 3. 17% 5% 7% 3% 33% [2004]33 2003 2004 15 4. 1 36 * 50 50 100% * 50 50 100% 220 220 100% * 200 200 100% * 300 300 100% * 90 90 100% 50 50 100% * * 50 50 100% * 300 300 100% * 100 60 100% 347.8 347.8 100% 80 80 100% 800 408 51% 70 50 71.4% 61.8 35.7 57.83%

2003 582 381.8 65.6%, 15,000 14,500 96.67% 21,800 12,057 55.3% 4,710 4,000 85% * 2 1,632 40.8 2.5% 4,334 50 0.6% 10,800 122 0.77%,, 8,800 200 2.27%, 625 100 16%, 3,500 350 10% 22,000 358.5 1.62% 50 20 40% 1,000 456.50 45% 1,173 575 49% 5. 1. 1 1,249,676.18 1,694,578.75 8.2773 77,273.88 --- 1.0611 57,826.31 57,594.70 21,235.14 18,973.85 1,406,011.51 1,771,147.30 8.2773 5,758,623.37 8,091,641.57 1.0611 17.49 --- 37

2003 5,758,640.86 8,091,641.57 4,364,074.32 685,841.78 4,364,074.32 685,841.78 11,528,726.69 10,548,630.65 2. 5,747,535.00 13,726,702.95 3. RMB % RMB RMB % RMB 8,597,394.79 4.60% --- 17,945,792.11 15.84% --- 17,755,209.16 9.51% 1,205,889.13 17,479,242.22 15.42% 524,377.27 7,287,757.26 3.90% 3,643,878.63 21,879,052.88 19.31% 1,093,952.64 153,100,151.71 81.99% 153,100,151.71 56,022,187.34 49.43% 40,869,041.08 186,740,512.92 100% 157,949,919.47 113,326,274.55 100% 42,487,370.99 5% 72,980,455.05 30.87% RMB % RMB RMB % RMB 311,834.03 0.32% --- 9,066,281.27 6.67% --- 3,355,503.29 3.41% 335,550.33 32,153,192.42 23.65% 964,595.77 3,455,659.45 3.51% 1,727,829.72 22,936,917.47 16.87% 1,146,845.87 91,335,063.18 92.77% 91,335,063.18 71,799,411.01 52.81% 22,458,190.66 98,458,059.95 100% 93,398,443.23 135,955,802.17 100% 24,569,632.30 5% 38

2003 14,526,103.01 12.6% 4. RMB % RMB RMB % RMB 8,170,665.48 1.34% --- 133,383,631.63 19.35% --- 27,149,739.48 4.44% 2,714,973.95 112,899,944.46 16.38% 3,386,998.33 51,098,921.50 8.35% 25,549,460.75 314,086,453.45 45.57% 15,704,322.67 525,483,935.45 85.88% 525,483,935.45 128,894,488.15 18.70% 109,161,546.10 611,903,261.91 100% 553,748,370.15 689,264,517.69 100% 128,252,867.10 10% 10% 316,614,333.04 95,840,062.77 412,454,395.81 5% 316,614,333.04 521,807,296.59 85.28%. 316,614,333.04, 95,840,062.77, RMB % RMB RMB % RMB 21,839,243.87 5.12% --- 78,805,840.58 19.94% --- 16,622,621.87 3.90% 1,662,262.19 84,853,589.14 21.47% 2,545,607.67 35,061,336.46 8.22% 17,530,668.23 95,717,882.93 24.22% 4,785,894.15 353,146,576.27 82.77% 353,146,576.27 135,759,597.07 34.36% 48,621,684.96 39

2003 426,669,778.47 100% 372,339,506.69 395,136,909.72 100% 55,953,186.78 10% 10% 111,714,143.07 95,840,062.77 58,213,784.22 74,324,657.09 340,092,647.15 5% 111,714,143.07 111,714,143.07 368,749,819.95 86.43% 111,714,143.07, 95,840,062.77, 205,165,105.06, 5. RMB % RMB % 1,194,662.57 7.76% 26,958,493.82 68.46% 12,128,981.06 78.76% 8,993,071.51 22.84% 617,614.46 4.01% 1,915,129.47 4.86% 1,457,858.42 9.47% 1,512,755.65 3.84% 15,399,116.51 100% 39,379,450.45 100% 40

6. 2003 43,078,249.81 41,112,805.32 99,584,622.54 99,584,622.54 623,892.16 623,892.16 --- --- 11,094,443.50 11,094,443.50 25,304,147.04 25,304,147.04 118,867,294.72 61,561,422.40 124,298,861.47 106,052,884.11 1,286,712.87 1,286,712.87 677,591.80 677,591.80 62,069.98 62,069.98 --- --- --- --- 2,343,529.37 2,343,529.37 175,012,663.04 115,740,346.23 252,208,752.22 233,962,774.86 18,245,977.36 39,049,138.38 --- --- --- 57,295,115.74 --- 11,756.58 11,756.58 --- 1,965,444.49 --- --- --- 1,965,444.49 18,245,977.36 41,026,339.45 --- --- --- 59,272,316.81 7. 732,827.66 1,077,140.95 2,106,073.97 774,246.70 2,838,901.63 1,851,387.65 8. 1 15,777,265.59 3,339,896.30 12,437,369.29 21,676,635.59 1,173,544.67 20,503,090.92 --- --- --- --- --- --- 3,363,792.59 --- 3,363,792.59 9,263,162.59 --- 9,263,162.59 12,413,473.00 3,339,896.30 9,073,576.70 12,413,473.00 1,173,544.67 11,239,928.33 15,777,265.59 3,339,896.30 12,437,369.29 21,676,635.59 1,173,544.67 20,503,090.92 a. I 2.5% 40.8 408,000.00 --- --- 408,000.00 41

0.60% 50 0.77% 122 2.27% 200 16% 100 10% 350 1.62% 358.5 ( 1) 40% 10 2003 500,000.00 --- --- 500,000.00 1,220,000.00 --- --- 1,220,000.00 2,000,000.00 --- --- 2,000,000.00 1,000,000.00 --- --- 1,000,000.00 3,500,000.00 --- --- 3,500,000.00 3,585,473.00 --- --- 3,585,473.00 200,000.00 --- 200,000.00 12,413,473.00 12,413,473.00 1 II 20 45% 450 4,565,057.79 --- (4,565,057.79) (4,500,000.00) --- 20 49% 575 4,698.104.80 --- (1,334,312.21) (2,386,207.41) 3,363,792.59 9,263,162.59 --- (5,899,370.00) (6,886,207.41) 3,363,792.59 b. 515,544.67 484,455.33 --- 1,000,000.00 250,000.00 --- --- 25,0000.00 408,000.00 --- --- 408,000.00 --- 1,681,896.30 --- 1,681,896.30 1,173,544.67 2,166,351.63 --- 3,339,896.30 1 257,401,480.95 127,498,443.44 129,903,037.51 215,971,544.63 127,013,988.11 88,957,556.52 244,988,007.95 125,840,443.44 119,147,564.51 203,558,071.63 125,840,443.44 77,717,628.19 --- --- --- --- --- --- 12,413,473.00 1,658,000.00 10,755,473.00 12,413,473.00 1,173,544.67 11,239,928.33 42

2003 257,401,480.95 127,498,433.44 129,903,037.51 215,971,544.63 127,013,988.11 88,957,556.52 a. I 2.5% 40.8 408,000.00 --- --- 408,000.00 0.6% 50 500,000.00 --- --- 500,000.00 0.77% 122 1,220,000.00 --- --- 1,220,000.00 2.27% 200 2,000,000.00 --- --- 2,000,000.00 16% 100 1,000,000.00 --- --- 1,000,000.00 10% 350 3,500,000.00 --- --- 3,500,000.00 1.62% 358.5 3,585,473.00 --- --- 3,585,473.00 ( 1) 40% 10 200,000.00 --- --- 200,000.00 12,413,473.00 --- --- 12,413,473.00 1 III 100% 50 (1,480,937.34) 1,480,937.34 --- 100% 50 (953,203.73) 953,203.73 --- 100% 220 1,120,756.21 597,596.39 1,718,352.60 100% 200 2,000,205.74 (810,383.73) 1,189,822.01 100% 300 3,022,237.82 (1,802,169.37) 1,220,068.45 100% 90 938,704.83 (691,331.28) 247,373.55 100% 50 (1,794,485.75) 1,794,485.75 --- 100% 50 (136,037.91) 136,037.91 --- 100% 60 618,020.82 (618,020.82) --- 100% 300 2,837,825.73 (687,564.85) 2,150,260.88 51% 408 701,811.35 (701,811.35) --- * 55.30% 12,057 110,535,733.34 (26,553,820.84) 83,981,912.50 96.67% 14,500 74,504,299.15 --- 74,504,299.15 100% 156 6,088,251.48 (148,484.62) 5,939,766.86 100% 33.70 1,867,959.36 (17,011.47) 1,850,947.89 57.83% 35.70 295,257.26 (121,121.28) 174,135.98 71.40% 50 --- --- --- 65.60% 381.80 3,391,673.27 (65998.48) 3,325,674.79 85% --- 68,685,393.29 68,685,393.29 43

2003 203,558,071.63 41,429,936.32 244,988,007.95 b. 515,544.67 484,455.33 --- 1,000,000.00 250,000.00 --- --- 250,000.00 408,000.00 --- --- 408,000.00 51,336,144.29 --- --- 51,336,144.29 74,504,299.15 --- --- 74,504,299.15 127,013.988.11 484,455.33 --- 127,498,443.44 * 8 9. 200,670,569.13 83,457,344.04 368,060,927.89 27,086,579.51 1,302,989.30 997,316.47 681,575,726.34 26,439,825.28 --- 227,110,394.41 5,987,376.85 691,063.50 88,753,657.39 9,120,673.12 71,272,115.16 305,909,485.85 3,924,823.23 16,526,354.11 14,485,048.63 --- --- 1,302,989.30 337,773.18 183,742.24 1,151,347.41 45,810,471.66 88,673,275.01 638,712,922.99 41,023,885.87 5,849,028.07 --- 46,872,913.94 25,469,346.05 11,499,261.47 560,125.76 36,408,481.76 157,772,362.34 15,822,014.07 32,661,238.21 140,933,138.20 21,185,425.02 2,176,019.38 11,338,173.42 12,023,270.98 544,497.88 --- --- 544,497.88 379,702.91 111,150.29 138,963.47 351,889.73 246,375,220.07 35,457,473.28 44,698,500.86 237,134,192.49 382,625.88 114,947.73 --- --- --- 497,573.61 30,329,094.10 3,167,787.48 --- 4,337,174.25 4,337,174.25 29,159,707.33 --- 44,002,460.77 --- --- --- 44,002,460.77 --- 373,452.05 --- --- --- 373,452.05 --- --- --- --- --- --- 44

2003 30,711,719.98 43,505.69 --- --- --- 43,505.69 404,488,786.29 47,702,153.72 --- 4,337,174.25 4,337,174.25 74,076,699.45 159,264,057.38 179,739,906.86 27,658,903.89 23,185,468.30 210,288,565.55 120,973,886.88 5,901,154.49 2,088,325.60 758,491.42 758,491.42 617,613.56 755,951.99 404,488,786.29 327,502,031.05 8 10. 11,646,555.66 21,999.22 3,118,560.25 --- 8,549,994.63 434,927.39 --- 434,927.39 --- --- 1,088,265.10 --- 1,088,265.10 --- --- 1,833,238.10 --- 165,843.47 --- 1,667,394.63 --- 2,904,733.17 --- --- 2,904,733.17 --- 5,378,452.16 --- --- 5,378,452.16 24,150,034.42 484,968.26 545,407.13 5,402,244.28 18,687,351.27 39,153,020.67 8,790,152.81 5,353,003.34 5,402,244.28 37,187,925.86 265,218.17 --- --- --- 265,218.17 144,751.61 --- --- --- 144,751.61 409,969.78 --- --- --- 409,969.78 1,756,186.77 8,197,459.92 9,953,646.69 --- --- --- 8,955,879.44 8,955,879.44 --- --- --- --- 1,756,186.77 17,153,339.36 18,909,526.13 11. 45

2003 75,588,707.64 70,664,972.64 --- 1,547,372.00 6,471,107.00 69,117,600.64 44 30,054,451.08 26,219,988.03 --- 3,419,576.12 7,254,039.17 22,800,411.91 8 54,000.00 --- 54,000.00 12,071.40 12,071.40 41,928.60 60,000.00 --- 60,000.00 5,000.00 5,000.00 55,000.00 * 2,593,800.00 2,334,420.00 --- 259,380.00 518,760.00 2,075,040.00 9 108,350,958.72 99,219,380.67 114,000.00 5,243,399.52 14,260,977.57 94,089,981.15 * 12. 5,232,185.71 787,067.11 372,812.48 968,284.43 5,040,590.55 191,595.16 17,365,222.97 12,450,777.11 4,914,445.86 2,638,142.30 2,638,142.30 14,727,080.67 27,999.29 6,719.79 21,279.50 26,199.29 26,199.29 1,800.00 22,625,407.97 13,244,564.01 5,308,537.84 3,632,626.02 7,704,932.14 14,920,475.83 13. 331,682,933.00 RMB290,756,999.06 290,756,999.06 --- USD2,940,000.00 24,372,600.00 331,682,933.00 315,129,599.06 7,872,133.76 2.4062 2004 27,795,000.06 4.425 2004 5,000,000.00 5.3625 2004 5,000,000.00 6.435 2004 6,000,000.00 6.825 2004 25,000,000.00 5.7525 2004 10,000,000.00 5.3625 2004 46

2003 40,000,000.00 6.1065 2004 25,000,000.00 5.445 2004 151,667,133.82 14. 485,814,798.69 5% 5% 15. 41,431,943.88 5% 5% 16. 234,165,060.63 5% 5% 10% 10% 17. (341,393.01) (1,153,995.48) 347,660.42 627,265.27 732,864.01 687,044.41 82613.77 --- (642,810.91) (28,682.51) 2,947,242.85 1,960,680.57 11,789.42 (8,487.69) 838,727.96 --- 3,976,694.51 2,083,824.57 18. 38,407,009.90 15,372,077.70 5,036,000.00 1,100,000.00 OEM --- 134,157.33 47

2003 4,014,555.22 --- 2,039,151.13 --- 10,439,274.54 --- 9,487,770.23 4,184,897.82 69,423,761.02 20,791,132.85 19. * 67,600,000.00 RMB73,600,000.00 73,600,000.00 16,200,000.00 RMB16,200,000.00 16,200,000.00 49,530,105.00 USD 5,970,000.00 49,530,105.00 133,330,105.00 139,330,105.00 * 13,236 20. 1. 119,026,400.00 --- --- --- --- --- 119,026,400.00 119,026,400.00 --- --- --- --- --- 119,026,400.00 2. 35,898,480.00 --- --- --- --- --- 35,898,480.00 35,898,480.00 --- --- --- --- --- 35,898,480.00 3. --- --- --- --- --- --- --- 154,924,880.00 --- --- --- --- --- 154,924,880.00 1. 242,087,705.00 --- --- --- --- --- 242,087,705.00 242,087,705.00 --- --- --- --- --- 242,087,705.00 397,012,585.00 --- --- --- --- --- 397,012,585.00 [1998] 137 22. 48

2003 455,741,500.95 --- --- 455,741,500.95 21,613,505.70 --- --- 21,613,505.70 36,121,127.27 4,154,285.88 --- 40,275,413.15 --- 264,984.41 --- 264,984.41 2,768,715.30 --- --- 2,768,715.30 516,244,849.22 4,419,270.29 --- 520,664,119.51 23. 32,667,749.41 --- --- 32,667,749.41 32,667,749.41 --- --- 32,667,749.41 37,922,182.10 --- --- 37,922,182.10 44,019.00 --- 44,019.00 70,633,950.51 --- 70,633,950.51 24. (791,886,160.90) (440,802,917.29) --- (1,232,689,078.19) 25. (351,059,481.69) (48,789,927.21) (7,278,007.53) (107,316.73) (8,552,963.16) --- (1,289,925.26) --- (2,188,362.14) --- ( ) (7,175,102.26) --- (5,044,436.41) --- (382,588,278.45) (48,897,243.94) 26. 49

2003 7,905.99 51,335.53 732,317.70 690,833.76 248,967,446.89 288,892,750.68 251,407,150.07 284,996,587.63 156,224,355.78 78,077,495.06 123,830,170.15 63,777,986.88 8,558,525.27 6,475,984.87 --- --- 700,643.69 827,533.56 --- --- 25,212,361.83 19,707,242.40 33,630,586.55 28,494,283.30 439,671,239.45 394,032,342.10 409,600,224.47 377,959,691.57 (3,844,359.00) (7,347,238.19) (54,630,080.04) (58,478,629.39) 435,826,880.45 386,685,103.91 354,970,144.43 319,481,062.18 47,674,307.43 55,615,636.43 60,991,790.67 47,739,481.05 54,619,406.17 59,936,767.05 26,857,360.45 13,832,722.51 21,338,680.33 26,963,307.50 31,788,470.97 23,983,687.96 1,833,323.89 1,771,725.68 9,832,266.81 5,365,191.05 4,598,404.66 5,229,910.41 19,033,360.92 15,853,729.79 307,116,469.40 241,269,362.50 248,203,430.67 259,550,469.09 2,490,647.57 3,245,632.53 3,732,889.35 2,647,329.76 --- --- 9,160,654.63 8,987,080.36 439,671,239.45 394,032,342.10 409,600,224.47 377,959,691.57 (3,844,359.00) (7,347,238.19) (54,630,080.04) (58,478,629.39) 435,826,880.45 386,685,103.91 354,970,144.43 319,481,062.18 7,905.99 51,335.53 732,317.70 690,833.76 10,885,944.34 18,925,721.92 128,470,404.55 158,451,381.79 40,369,747.68 19,907,605.00 123,830,170.15 63,777,986.88 8,558,525.27 6,475,984.87 --- --- 700,643.69 827,533.56 --- --- 3,043,992.21 2,621,682.93 13,497,581.48 10,618,997.38 63,566,759.18 48,809,863.81 266,530,473.88 233,539,199.81 --- (2,941,676.18) (22,421,312.33) (22,293,660.48) 63,566,759.18 45,868,187.63 244,109,161.55 211,245,539.33 41,122,585.50 16.85% 50 5,053,885.14 2,492,231.46 30,745,692.06 18,651,149.65 10,633,699.17 5,243,814.86 26,857,360.45 13,832,722.51

2003 2,340,986.05 1,154,414.59 23,023,551.56 15,921,117.56 1,229,771.26 606,439.27 9,064,384.80 4,668,557.06 613,433.54 302,503.56 4,203,226.40 2,164,846.56 43,610,942.46 38,969,016.65 161,050,015.04 167,965,448.50 84,041.26 41,443.42 2,425,588.94 1,348,277.61 --- --- 9,160,654.63 8,987,080.36 63,566,758.88 48,809,863.81 266,530,473.88 233,539,199.81 --- (2,941,676.18) (22,421,312.33) (22,293,660.48) 63,566,758.88 45,868,187.63 244,109,161.55 211,245,539.33 27. 495,914.21 457,617.45 5% 1,957,304.19 1,534,854.05 7% 687,001.41 667,415.01 3% 77.09 --- 3,140,296.90 2,659,886.51 27. (6,013,123.26) (825,15 (402,850.26) 819,2 (224,199.03) (797,37 1,340,979.47 (3,318,070. 4,322,221.00 (1,497,711.89) (846,88 (1,802,455.18) (1,154,243. (4,277,139.15) (6,122,465. 10% 10% 21,268,197.00 21,671,047.26 (402,850.26) 10,344,597.23 9,525,331.61 819,265.62 152,735.90 376,934.93 (224,199.03) 815,906.64 1,613,279.43 (797,372.79) 2,887,175.92 1,546,196.45 1,340,979.47 1,885,680.15 5,203,750.19 (3,318,070.04) 51

2003 1,049,612.18 2,547,324.07 (1,497,711.89) 590,844.58 1,437,730.66 (846,886.08) 4,322,221.00 --- 4,322,221.00 --- --- --- 4,089,906.75 10,103,030.01 (6,013,123.26) 631,713.96 1,456,871.82 (825,157.86) 725,439.34 2,527,894.52 (1,802,455.18) 898,750.34 2,052,994.27 (1,154,243.93) 34,495,288.09 38,772,427.24 (4,277,139.15) 15,167,492.90 21,289,957.98 (6,122,465.08) 29. 32,384,703.20 17,309,450.22 1,031,317.74 366,607.09 (20,743.96) 4,238.29 (54,243.23) 109,901.28 31,278,398.27 17,056,982.70 30. --- --- 3,144,742.69 (251,133.51) (484,455.33) (43,014,950.89) --- (244,000.00) 2,660,287.36 (43,510,084.40) --- --- 1,164,951.91 (77,897,164.49) (484,455.33) (43,014,950.89) --- 244,000.00 680,496.58 (121,156,115.38) 31. 1. 527,782.75 79,788.43 52

15,715.44 78,481.82 1,176,686.14 745,701.03 1,720,184.33 903,971.28 2003 2. 10,355,182.06 332,702.29 31,031.25 76,783.58 59,440.15 20,159.01 47,702,153.72 14,352,598.40 17,153,339.36 98,088.95 3,049,913.54 630,442.30 78,351,060.08 15,510,774.53 32. (302,269,554.48) (48,789,927.21) (7,170,690.80) (107,316.73) (7,072,025.82) --- (336,721.53) --- (393,876.39) --- ( ) (7,039,064.35) --- (5,044,436.41) --- (329,326,369.78) (48,897,243.94) 33. 1. 40,580,129.60 42,316,374.09 39,490,931.35 37,745,850.43 8,927,799.52 1,767,800.00 88,998,860.47 81,830,024.52 2. 23,598,242.88 22,418,289.22 59,411,523.16 54,902,356.57 11,300,661.86 1,248,753.12 53

94,310,427.90 78,569,398.91 2003 34. 1. 9,781,999.60 3,159,148.71 6. (1) (2) 46,400 11,903 29.98% (3) 91,068,867.15 36.57% 181,855,308.40 72.33% --- --- 922,650.00 13.87% 2,142,117.00 8.50% --- --- --- --- 255,928.00 3.85% 93,210,984.15 183,033,886.40 * 4 54

2003 (4) 10,838,479.20 17,207,025.01 58,213,784.22 58,213,784.22 * 316,614,333.04 313,988,328.36 100,299,930.77 100,299,930.77 485,966,527.23 489,709,068.36 * 4,510,000.00 4,042,633.75 5,000,000.00 --- 9,510,000.00 4,042,633.75 8. 1 4,359 5,1592 500 3 300 1 300 800 2 500 3 294 2003 6 6,704 294 2003 10 1,000 1,635 1,836 1,000 9. 10. 55

2003 4.5 2004 2003 2004 2002 11 2004 11. 2003 2002 --- (163,480.00) 353,614.44 53,458.25 2,549,320.88 ---- 798,909.06 552,202.51 3,701,844.38 442,180.76 6,937,971.98 222,910.53 39,824.90 13,506.54 324,585.07 28,820,017.10 20,790.94 51,445.00 43,453,180.36 9,681,960.52 2,043,442.07 422,396.34 52,819,795.32 39,212,236.03 (49,117,950.94) (38,770,055.27) 12. 0.12 0.12 56

2003-1.84-1.84-1.11-1.11-0.99-0.99 57