2004 00

3 4 5 6 8 10 11 1

2

LINGYUN INDUSTRIAL CORPORATION LIMITED 600480 072761 http://www.lingyun.com.cn lyac@heinfo.net 0312-3951002 0312-3951234 zhangjianhua@lygf.com http://www.sse.com.cn 000708 130681601494296 857,296,137.15 790,959,086.23 8.39% 599,226,338.18 557,441,233.08 7.50% 1,265,407,957.99 1,155,719,683.24 9.49% 470,759,242.98 438,817,160.87 7.28% 1.96 1.83 7.10% 1.99 1.79 11.17 1-6 32,611,759.62 17,090,731.12 90.82% 32,647,800.50 16,998,255.90 92.07% 0.14 0.10 40.00% % 6.93 8.45 1.5-34,283,684.40-21,905,731.43 56.50% 3

170,035.17 13,064.00 219,140.05-36,040.88 9 % % / / 122,787,291.05 26.08 26.98 0.51 0.51 72,210,238.75 15.34 15.87 0.30 0.30 32,611,759.62 6.93 7.17 0.14 0.14 32,647,800.50 6.94 7.17 0.14 0.14 14819 2004 6 30 % 0 104748000 43.65 0 65360000 27.23 0 860000 0.36 0 516000 0.22 0 516000 0.22 329600 329600 0.14 303300 303300 0.13 270600 270600 0.11 266900 266900 0.11 238500 238500 0.10 4

329600 A 303300 A 270600 A 266900 A 238500 A 236300 A 224400 A 208800 A 206100 A 193100 A 1 2 1 2004 4 6 2003 2 2004 4 6 2003 3 2004 4 6 5

43855 60.99% 3261 90.82% PE 4 4164 23 1 ( PA-11 ) PE (PE PE ) % % % 259,290,386.70 180,375,469.34 30.43 62.73 78.87 6 PE 163,121,865.17 119,612,270.06 26.67 47.84 55.13 3 128,159,406.40 101,148,962.35 21.08 92.85 135.02 14 131,130,980.30 79,226,506.99 39.58 41.18 37.06 2 PE 163,121,865.17 119,612,270.06 26.67 47.84 55.13 3 129,004,583.63 59.58 89,044,421.18 78.15 39,664,474.14 61.82 144,126,928.41 62.44 20,571,457.84-0.44 2 6

3 4 10% 5 1 1 22,515 6153 9431 2,444 830 9,157 5,887 33.96% 64.29% 3,537 1,646 110 46.54% 4,099 1,068 230 26.06% 19,237 9,431 - - 2 2004 4 6 2003 7

4462 2 1 700 2192 50% 2 1100 2000 55% 4164 23 3 2004 4 6 220 70% 4 84 460 40% 2003 1-9 19,913,810.88 2004 1-9 50% 2004 8

1 (%) 732,338.00 100 4,646,629.33 100-2 0.00 170,000.00 - - 3,660,773.34 8,798,599.03 - - 3,660,773.34 8,968,599.03 - - 3 16,300 4 2003 3000 2700 2004 3 3 5 [2003]56 1 2 5,534 5,534 2003 9

50% 5534 5534 [2003]56 3 5% ( 5%) 1 2003 2003 2004 3 3 http://www.sse.com.cn 2 2003 2004 4 7 http://www.sse.com.cn 3 2004 4 9 http://www.sse.com.cn 4 2004 2004 4 27 http://www.sse.com.cn 5 2004 7 2 http://www.sse.com.cn 6 2004 2004 7 6 http://www.sse.com.cn 2004 10

2004 7 27 11

2004.6.30 2003.12.31 2004.6.30 2003.12.31 220,597,535.96 303,937,059.93 129,812,493.16 210,880,044.32 10,000,000.00 56,706,987.48 48,872,486.01 8,290,600.20 13,343,331.63 19,812,494.92 20,565,724.40 318,685,978.22 234,843,198.35 51,472,695.84 38,756,615.01 14,660,238.64 10,249,778.66 45,927,472.35 52,302,983.00 56,544,255.87 33,517,138.53 18,412,977.90 7,353,890.71 190,101,140.98 159,489,618.08 37,791,894.38 40,150,924.46 49,806.67 857,296,137.15 790,959,086.23 311,520,628.75 393,353,513.53 33,251,596.77 27,760,420.77 278,437,737.16 205,312,734.62 33,251,596.77 27,760,420.77 278,437,737.16 205,312,734.62 382,766,910.90 349,419,523.51 131,742,900.47 123,975,673.69 : 118,351,618.65 107,786,280.68 54,041,090.38 49,020,420.08 264,415,292.25 241,633,242.83 77,701,810.09 74,955,253.61 : 264,415,292.25 241,633,242.83 77,701,810.09 74,955,253.61 48,680,339.91 31,384,127.79 2,826,983.85 949,095.23 313,095,632.16 273,017,370.62 80,528,793.94 75,904,348.84 22,367,249.80 21,675,657.45 13,969,468.61 14,140,870.61 39,397,342.11 42,307,148.17 4,006,781.10 4,159,458.42 61,764,591.91 63,982,805.62 17,976,249.71 18,300,329.03 1,265,407,957.99 1,155,719,683.24 688,463,409.56 692,870,926.02 12

2004.6.30 2003.12.31 2004.6.30 2003.12.31 329,800,000.00 295,700,000.00 183,000,000.00 189,560,000.00 2,995,000.00 725,000.00 128,610,019.74 80,815,612.11 8,833,122.24 13,815,837.23 5,017,808.04 18,402,978.67 5,002,758.04 4,952,844.49 1,247,814.00 4,299,162.96 4,175,984.72 10,964.65 10,964.65 58,810,080.91 62,810,080.91 7,223,089.39 7,223,089.39 53,134,529.34 49,032,616.17 7,116,437.16 2,704,401.29 49,089.11 1,705.77 13,196,742.46 14,633,146.95 2,347,738.33 3,088,373.92 3,313,905.62 1,896,293.78 205,732.75 733,930.15 28,000,000.00 28,000,000.00 599,226,338.18 557,441,233.08 213,739,842.56 250,089,441.12 2,586,435.64 100,000.00 100,000.00 100,000.00 2,686,435.64 599,326,338.18 560,127,668.72 213,739,842.56 250,089,441.12 195,322,376.83 156,774,853.65 240,000,000.00 240,000,000.00 240,000,000.00 240,000,000.00 : 240,000,000.00 240,000,000.00 240,000,000.00 240,000,000.00 157,152,560.00 157,152,560.00 157,152,560.00 157,152,560.00 16,954,218.80 17,623,896.32 16,954,218.80 17,623,896.32 : 5,911,115.59 5,241,438.07 5,911,115.59 56,652,464.18 24,040,704.55 60,616,788.20 28,005,028.58 470,759,242.98 438,817,160.87 474,723,567.00 442,781,484.90 1,265,407,957.99 1,155,719,683.24 688,463,409.56 692,870,926.02 13

2004.1-6 2003.1-6 2004.1-6 2003.1-6 438,548,271.32 272,407,567.02 76,912,063.01 63,877,778.57 315,655,829.65 181,504,215.78 54,069,666.37 41,604,268.86 105,150.62 34,660.48-122,787,291.05 90,868,690.76 22,842,396.64 22,273,509.71 ( ) 3,611,022.62 3,213,670.51 1,046,465.51 871,967.30 21,579,693.89 20,827,463.47 2,406,688.77 5,286,348.27 25,769,041.96 20,190,034.71 5,841,739.87 8,907,458.69 6,839,339.07 5,576,916.52 3,224,195.46 2,804,088.56 ( ) 72,210,238.75 47,487,946.57 12,416,238.05 6,147,581.49 ( ) -1,461,252.00-1,461,252.00 24,172,574.54 13,248,503.10 13,064.00 170,035.17 79,786.81 63,606.56 73,226.81 219,140.05 177,733.30 2,332.50 610.00 ( ) 70,712,945.87 45,928,748.08 36,650,086.65 19,468,701.40 16,611,442.40 13,717,546.46 4,038,327.03 2,377,970.28 21,489,743.85 15,120,470.50 ( ) 32,611,759.62 17,090,731.12 32,611,759.62 17,090,731.12 24,040,704.56 855,504.00 28,005,028.58 1,232,488.63 56,652,464.18 17,946,235.12 60,616,788.20 18,045,422.75 555,594.00 56,652,464.18 17,390,641.12 60,616,788.20 18,045,422.75 ( - ) 56,652,464.18 17,390,641.12 60,616,788.20 18,045,422.75 14

2004 6 30 360,848,570.40 75,427,155.43 63,147.99 2,294,234.23 21,599,305.30 363,205,952.62 97,026,460.73 313,331,498.06 58,028,112.09 25,562,515.82 7,765,411.25 31,090,412.13 5,999,330.40 27,505,211.01 19,365,893.21 397,489,637.02 91,158,746.95-34,283,684.40 5,867,713.78 10,000,000.00 42,263.50 79,873.40 122,136.90 10,000,000.00 41,123,644.40 9,840,702.18 6,952,428.00 47,952,428.00 48,076,072.40 57,793,130.18-47,953,935.50-47,793,130.18 3,475,300.00 169,420,000.00 105,000,000.00 172,895,300.00 105,000,000.00 163,320,000.00 139,560,000.00 11,970,530.16 4,582,134.76 175,290,530.16 144,142,134.76-2,395,230.16-39,142,134.76-84,632,850.06-81,067,551.16 15

2004 6 30 1 32,611,759.63 32,611,759.62 21,489,743.85 6,345,251.50 231,878.98 14,115,428.57 5,020,670.30 941,047.65 171,402.00 15,439,586.30 473,020.02-166,205.17 152,677.32 69,797.84-528,197.40-130,618.96-63,126.56 3,671.50 1,852.50 6,469,522.10 3,224,195.46 1,461,252.00-24,172,574.54-26,175,610.47 2,359,030.08-257,221,610.47-11,825,575.44 150,462,838.38-1,789,298.56-34,283,684.40 5,867,713.78 2 3 220,597,535.96 129,812,493.16 305,230,386.02 210,880,044.32-84,632,850.06-81,067,551.16 16

2004 1-6 2003-12-31 2004-6-30 19,272,011.55 19,272,011.55 18,627,889.69 6,127,860.39 24,755,750.08 644,121.86 217,391.11 861,512.97 2,366,206.62 2,366,206.62 945,712.86 945,712.86 369,312.92 369,312.92 1,018,918.20 1,018,918.20 32,262.64 32,262.64 141,451.44 141,451.44 21,779,669.61 30,863,013.29 17

2004 6 30 2000 11 8 (2000) 808 17,200 2003 6 2003 73 6,800 2003 8 24,000 2003 11 1 2 1 1 12 31 3 4 5 18

6 3 7 1 2 3 8 1 2 1 1 5% 1 2 2 10% 2 3 3 15% 3 50% 3 9 1 2 3 19

4, 10 1 20% ( 20%) 20% 20% 20% 10 2 3 20

11 1 2 12 1 2,000 2 3 4 % % 20 4.50% 10% 10 9.00% 10% 5-6 15.00%-18.00% 10% 5-6 15.00%-18.00% 10% 21

5, 13 1 2, 3 14 1 : A B C 22

2 15 1 2 3 16 17 18 1 2 3 23

19 20 1 17% 2 1 33% 2 91 165 15% 3 24% 91 165 2004 13.5% 4 33% 5 33% 6 33% 2002 2004 7 15% 8 15% 24

9 33% 10 33% 11 33% 12 33% 3 1 20 66,891,260.61 427 50.00% 20 7,960,000.00 600 66.00% 20 5,000,000.00 800 62.50% 40 10,413,856.94 250 50.00% 14 3,871,148.30 600 42.50% 50 12,500,000.00 2500 50.00% 50 8,300,000.00 1660 50.00% 10 36,000,000.00 4000 90.00% 50 23,175,600.00 400 70.00%, 30% 25

20 12,415,650.00 300 50.00% ** 30 11,000,000.00 2000 55.00% ** 2004 4 2 50 15,229,478.02 460 40.00% 1 2004.6.30 2003.12.31 173,429.64 148,749.33 220,424,106.32 303,788,310.60 220,597,535.96 303,937,059.93 2 2004.6.30 2003.12.31 1,522,588.20 1,935,008.08 55,184,399.28 46,937,477.93 56,706,987.48 48,872,486.01 3 1 2004.6.30 2003.12.31 1 275,268,545.23 80.15% 14,368,355.01 260,900,190.22 197,762,787.22 78.02% 9,913,093.81 187,849,693.41 1-2 49,902,083.12 14.53% 4,990,208.31 44,911,874.81 37,405,975.99 14.76% 3,740,597.60 33,665,378.39 2-3 10,681,037.75 3.11% 1,602,155.66 9,078,882.09 11,934,183.26 4.71% 1,790,127.48 10,144,055.78 3 7,590,062.20 2.21% 3,795,031.10 3,795,031.10 6,368,141.57 2.51% 3,184,070.80 3,184,070.77 343,441,728.30 100.00% 24,755,750.08 318,685,978.22 253,471,088.04 100.00% 18,627,889.69 234,843,198.35 2 59,651,379.85 17.37 % 3 2004 6 30 5% 5% 4 26

1 2004.6.30 2003.12.31 1 14,936,581.57 96.23% 756,353.10 14,180,228.47 10,362,111.36 95.12% 519,122.94 9,842,988.42 1-2 380,282.91 2.45% 38,028.29 342,254.62 306,389.16 2.81% 30,638.92 275,750.24 2-3 100,891.39 0.65% 15,133.71 85,757.68 52,400.00 0.48% 7,860.00 44,540.00 3 103,995.74 0.67% 51,997.87 51,997.87 173,000.00 1.59% 86,500.00 86,500.00 15,521,751.61 100.00% 861,512.97 14,660,238.64 10,893,900.52 100.00% 644,121.86 10,249,778.66 2 8,798,599.03 1 56.69% 1,072,600.00 1 6.91% 9,871,199.03 63.60% 3 2004 6 30 5% 5% 170,000.00 3 1.56% 170,000.00 1.56% 4 170,000.00 1998 170,000.00 5 1 2004.6.30 % 2003.12.31 % 1 55,056,099.55 97.37% 32,373,444.63 96.58% 1-2 1,324,726.88 2.34% 1,090,992.04 3.26% 2-3 163,429.44 0.29% 52,701.86 0.16% 3 0.00 0.00% 0.00 0.00% 56,544,255.87 100% 33,517,138.53 100.00% 2 2004 6 30 5% 5% 6 27

1 2004.6.30 2003.12.31 68,478,355.60 369,312.92 68,109,042.68 51,019,819.83 369,312.92 50,650,506.91 25,017,340.25 1,018,918.20 23,998,422.05 21,694,598.93 1,018,918.20 20,675,680.73 82,226,634.98 945,712.86 81,280,922.12 74,151,978.30 945,712.86 73,206,265.44 12,072,323.62 0.00 12,072,323.62 10,502,402.64 0.00 10,502,402.64 1,817,245.13 32,262.64 1,784,982.49 1,564,102.40 32,262.64 1,531,839.76 51,870.16 0.00 51,870.16 60,231.22 0.00 60,231.22 2,803,577.86 0.00 2,803,577.86 2,862,691.38 0.00 2,862,691.38 192,467,347.60 2,366,206.62 190,101,140.98 161,855,824.70 2,366,206.62 159,489,618.08 7 2003.12.31 2004.6.30 0.00 0.00 0.00 0.00 0.00 46,004.00 0.00 46,004.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,802.67 0.00 3,802.67 0.00 0.00 49,806.67 0.00 49,806.67 0.00 0.00 8 1 2003.12.31 2004.6.30 27,760,420.77 6,952,428.00 1,461,252.00 33,251,596.77 8,277,050.02 6,952,428.00 0.00 15,229,478.02 19,483,370.75 0.00 1,461,252.00 18,022,118.75 0.00 0.00 0.00 0.00 27,760,420.77 6,952,428.00 1,461,252.00 33,251,596.77 2 2004.6.30 8,277,050.02 6,952,428.00 0.00 0.00 0.00 15,229,478.02 8,277,050.02 6,952,428.00 0.00 0.00 0.00 15,229,478.02 1 3 2004 6 30 4 28

2003.12.31 2004.6.30 31,731,196.63 10 21,154,121.88 1,586,562.93 19,567,558.95-2,592,269.85 10-1,728,186.36-129,611.51-1,598,574.85 86,125.17 10 57,435.23 43,00.58 5,3134.65 29,225,051.95 19,483,370.75 1,461,252.00 18,022,118.75 1 2000 2 2000 9 2010 8 9 1 2003.12.31 2004.6.30 106,098,817.06 11,209,279.75 12,12,143.75 105,295,971.06 214,402,332.75 37,156,641.34 95,54,563.36 242,004,410.73 13,317,753.00 3,274,226.73 358,995.78 16,232,983.95 15,600,620.70 4,925,410.30 1,292,485.84 19,233,545.16 349,419,523.51 56,565,576.12 23,218,188.73 382,766,910.90 22,106,585.17 2,437,558.23 118,958.85 24,425,184.55 75,320,252.06 9,569,204.99 3,616,176.28 81,273,280.77 4,603,029.48 1,120,120.43 368,205.88 8,354,944.03 5,756,413.97 1,297,943.54 75,317.23 6,979,040.28 107,786,280.68 14,743,996.21 4,178,658.24 118,351,618.65 241,633,242.83 41,821,579.91 19,039,530.49 264,415,292.25 0.00 0.00 0.00 0.00 241,633,242.83 41,821,579.91 19,039,530.49 264,415,292.25 1 14.68% 2 10 1 2004.6.30 2003.12.31 29

46,307,454.97 0.00 46,307,454.97 30,020,399.66 0.00 30,020,399.66 2,514,336.38 141,451.44 2,372,884.94 1,505,179.57 141,451.44 1,363,728.13 48,821,791.35 141,451.44 48,680,339.91 31,525,579.23 141,451.44 31,384,127.79 55.11% 2 2003.12.31 2004.6.30 3,698 21,579,229.03 10,572,500.50 0.00 0.00 32,151,729.53 90% / QC 539,090.00 539,090.00 0.00 0.00 100% 996 7,902,080.63 3 665 465.24 0.00 0.00 11,567,545.87 90% / 0.00 1,083,000.00 0.00 0.00 1,083,000.00 1,505,179.57 2,514,336.38 0.00 0.00 4,019,515.95 31,525,579.23 17,835,302.12 539,090.00 0.00 48,821,791.35 3 2003.12.31 2004.6.30 141,451.44 0.00 0.00 141,451.44 141,451.44 0.00 0.00 141,451.44 11 1 2004.6.30 2003.12.31 16,462,281.11 0.00 16,462,281.11 15,150,558.11 0.00 21,675,657.45 56,030.00 0.00 56,030.00 14,016.67 0.00 14,016.67 5,848,938.69 0.00 5,848,938.69 6,511,082.67 0.00 6,511,082.67 22,367,249.80 0.00 22,367,249.80 21,675,657.45 0.00 21,675,657.45 2 2003.12.31 2004.6.30 1 16,112,000.00 14,140,870.61 0.00 171,402.00 0.00 13,969,468.61 2,142,531.39 489 2 1,350,000.00 1,009,687.50 0.00 16,875.00 0.00 992,812.50 357,187.50 360 3 1,500,000.00 0.00 1,500,000.00 0.00 0.00 1,500,000.00 0.00 58,700.00 14,016.67 44,200.00 2,186.67 0.00 56,030.00 2,670.00 52 6,621,440.00 6,511,082.67 0.00 662,143.98 0.00 5,848,938.69 772,501.31 53 25,642,140.00 21,675,657.45 1,544,200.00 852,607.65 0.00 22,367,249.80 3,274,890.20 30

1 1 1996 11 96010 1999 10 1998 4 2045 3 2 2 1993 12 2033 11 3 [2003] A 1045 680 2003 12 2008 11 3 1,611.20 1,414.09 2003 3 11 2005 3 11 4 2004 6 30 12 2003.12.31 2004.6.30 5,885,959.72 4,593,371.54 0.00 795,300.23 3,798,071.31 2,087,888.41 1 4,480,168.54 3,509,458.54 0.00 448,020.00 3,061,438.54 1,418,730.00 41 2 820,000.00 660,555.61 0.00 136,666.68 523,888.93 296,111.07 23 EF XD 32,568,597.56 31,500,899.50 0.00 7,242,425.69 24,258,473.81 8,310,123.75 1,000,000.00 649,999.88 0.00 25,000.02 624,999.86 375,000.14 150 2,040,000.00 1,392,863.10 0.00 88,440.00 1,304,423.10 735,576.90 90 5,950,000.00 0.00 5,950,000.00 123,953.44 5,826,046.56 123,953.44 94 52,744,725.82 42,307,148.17 5,950,000.00 8,859,806.06 39,397,342.11 13,347,383.71 1 1 2002 12 2007 11 2 2 2003 6 2006 5 3 EF XD 4 1997 1 2016 12 5 2002 1 2011 12 6: 2004 5 2012 4 13 1 2004.6.30 2003.12.31 23,300,000.00 23,300,000.00 306,500,000.00 272,400,000.00 329,800,000.00 295,700,000.00 31

2 14 2004.6.30 2003.12.31 2,995,000.00 725,000.00 0.00 0.00 2,995,000.00 725,000.00 15 1 2004.6.30 2003.12.31 1 127,632,583.59 99.24% 80,246,905.91 99.30% 1-2 591,606.09 0.46% 340,209.42 0.42% 2-3 38,583.01 0.03% 31,638.84 0.04% 3 347,247.05 0.27% 196,857.94 0.24% 128,610,019.74 100.00% 80,815,612.11 100.00% 2 2004 6 30 5% 5% 16 1 2004.6.30 2003.12.31 1 4,228,506.84 84.27% 15,850,487.62 86.13% 1-2 665,863.13 13.27% 1,945,931.06 10.57% 2-3 82,292.05 1.64% 396,809.50 2.16% 3 41,146.02 0.82% 209,750.49 1.14% 5,017,808.04 100.00% 18,402,978.67 100.00% 2 2004 6 30 5% 5% 17 2004.6.30 2003.12.31 6,854,054.50 6,854,054.50 15,288,216.96 17,288,216.96. 35,100,711.85 37,100,711.85 1,198,062.71 1,198,062.71 167,743.13 167,743.13 100,645.88 100,645.88 100,645.88 100,645.88 32

58,810,080.91 62,810,080.91 18 2004.6.30 2003.12.31 6,337,093.21 7,727,645.09 0.00 21,329.64 3,035.10 3,095.20 46,794,401.03 41,280,546.24 53,134,529.34 49,032,616.17 1 19 1 2004.6.30 2003.12.31 1 7,501,346.56 56.84% 7,000,156.77 47.84% 1-2 3,015,063.20 22.85% 3,283,029.67 22.44% 2-3 762,787.35 5.78% 1,232,427.70 8.42% 3 1,917,545.35 14.53% 3,117,532.81 21.30% 13,196,742.46 100.00% 14,633,146.95 100.00% 2 7,736,668.17 58.63% 1,877,802.21 14.22% 9,614,470.38 72.85% 3 2004 6 30 5% 5% 2004.6.30 2003.12.31 1,877,802.21 14.22% 1,728,134.88 11.81% 1,877,802.21 14.22% 1,728,134.88 11.81% 20 2004.6.30 2003.12.31 1,629,366.16 514,749.15 640,650.12 1,246,942.63 141,030.00 0.00 902,859.34 134,602.00 3,313,905.62 1,896,293.78 33

21 2004.6.30 2003.12.31 0.00 28,000,000.00 0.00 28,000,000.00 22 2004.6.30 2003.12.31 100,000.00 100,000.00 100,000.00 100,000.00 1 10 2004 6 30 23 + - 2003.12.31 2004.6.30 172,000,000.00 0.00 0.00 0.00 0.00 0.00 172,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 106,640,000.00 0.00 0.00 0.00 0.00 0.00 106,640,000.00 65,360,000.00 0.00 0.00 0.00 0.00 0.00 65,360,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 172,000,000.00 0.00 0.00 0.00 0.00 0.00 172,000,000.00 68,000,000.00 0.00 0.00 0.00 0.00 0.00 68,000,000.00 0.00 0.00 0.00 0.00 68,000,000.00 0.00 0.00 0.00 0.00 0.00 68,000,000.00 240,000,000.00 0.00 0.00 0.00 0.00 0.00 240,000,000.00 34

24 2003.12.31 2004.6.30 157,152,560.00 0.00 0.00 157,152,560.00 157,152,560.00 0.00 0.00 157,152,560.00 25 2003.12.31 2004.6.30 11,712,780.73 0.00 0.00 11,712,780.73 0.00 0.00 0.00 0.00 5,911,115.59 0.00 669,677.52 5,241,438.07 17,623,896.32 0.00 669,677.52 16,954,218.80 26 2004.6.30 2003 24,040,704.55 855,504.00 0.00 33,548,626.46 32,611,759.63 28,570,360.42 0.00 0.00 0.00 3,149,710.58 0.00 1,574,855.29 0.00 555,594.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 33,653,626.46 0.00 0.00 56,652,464.18 24,040,704.55 27 1 2004.6.30 2003.6.30 128,159,406.40 66,453,956.72 131,130,980.30 92,882,642.60 PE 163,121,478.47 110,335,399.80 16,136,406.15 2,735,567.90 438,548,271.32 272,407,567.02 2 110,445,119.33 25.18% 35

3 2004.6.30 129,004,583.63 29.42% 89,044,421.18 20.30% 39,664,474.14 9.04% 144,126,928.41 32.86% 20,571,457.84 4.69% 16,136,406.12 3.68% 438,548,271.32 100.00% 28 1 2004.6.30 2003.6.30 101,148,962.35 43,038,010.28 79,226,506.99 57,805,569.31 PE 119,612,270.06 77,105,132.45 15,668,090.25 2,075,492.74 315,655,829.65 180,024,204,.78 2 2004.6.30 92,708,117.17 29.37% 65,602,751.08 20.78% 27,556,753.92 8.73% 104,513,645.20 33.11% 15,372,438.90 4.87% 9,902,123.38 3.14% 315,655,229.32 100.00% 29 2004.6.30 2003.6.30 25,541,187.84 21,930,165.22 3,611,022.62 5,537,349.71 3,803,690.20 1,733,659.51 25,541,187.84 21,930,165.22 3,611,022.62 5,537,349.71 3,803,690.20 1,733,659.51 30 2004.6.30 2003.6.30 7,819,312.93 6,066,216.82 36

-1,172,696.06-758,011.28 98,796.24 76,467.27 93,925.96 192,243.71 6,839,339.07 5,576,916.52 31 2004.6.30 2003.6.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00-1,461,252.00-1,461,252.00 - -1,461,252.00-1,461,252.00-32 2004.6.30 2003.6.30 28,741.98 3,260.00 130,618.96 70,933.66 10,674.23 5,593.15 170,035.17 79,786.81 33 2004.6.30 2003.6.30 0.00 12,966.00 180,588.55 30,672.00 0.00 0.00 38,551.50 144,673.59 219,140.05 188,311.59 34 2004 1-6 2,294,234.23 1,103,598.19 1,172,696.06 17,939.98 2,294,234.23 37

35 2004 1-6 27,505,211.01 : 5,225,990.09 4,125,781.65 3,300,625.32 3,025,573.21 3,025,573.21 1,925,364.77 1,100,208.44 1,100,208.44 1,100,208.44 271,845.79 3,303,831.65 27,505,211.01 1 2003.12.31 2004.6.30 10,000,000.00 0.00 10,000,000.00 0.00 10,000,000.00 0.00 10,000,000.00 0.00 2 1 2004.6.30 2003.12.31 1 49,759,159.25 91.72% 2,271,069.66 47,488,089.59 34,210,855.32 82.84% 1,588,023.20 32,622,832.12 1-2 4,010,138.25 7.39% 401,013.83 3,609,124.42 5,834,966.40 14.13% 583,496.64 5,251,469.76 2-3 361,540.01 0.66% 47,481.00 314,059.01 731,138.63 1.77% 109,670.79 621,467.84 3 122,845.64 0.23% 61,422.82 61,422.82 521,690.59 1.26% 260,845.30 260,845.29 54,253,683.15 100.00% 2,780,987.31 51,472,695.84 41,298,650.94 100.00% 2,542,035.93 38,756,615.01 2 27,674,427.07 51.01 % 3 1 2004.6.30 2003.12.31 38

1 46,022,034.65 99.20% 413,219.88 45,608,814.77 52,372,787.61 99.24% 387,324.85 51,985,462.76 1-2 260,547.56 0.56% 26,054.76 234,492.80 291,689.16 0.55% 29,168.92 262,520.24 2-3 84,311.50 0.18% 12,646.73 71,664.78 0.00 0.00% 0.00 0.00 3 25,000.00 0.05% 12,500.00 12,500.00 110,000.00 0.21% 55,000.00 55,000.00 46,391,893.71 100.00% 464,421.37 45,927,472.35 52,774,476.77 100.00% 471,493.77 52,302,983.00 2 % 16,672,508.65 1 35.94% 16,891,836.34 1 36.41% 8,798,599.03 1 18.97% 1,072,600.00 1 2.31% 43,435,544.02 93.63% 3 2004 6 30 5% 5% % 110,000.00 3 0.21% 110,000.00 0.21% 4 1 2004.6.30 2003.12.31 0.00 0.00 0.00 0.00 0.00 0.00 245,186,140.39 0.00 245,186,140.39 177,552,313.85 0.00 177,552,313.85 15,229,478.02 0.00 15,229,478.02 8,277,050.02 0.00 8,277,050.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18,022,118.75 0.00 18,022,118.75 19,483,370.75 0.00 19,483,370.75 278,437,737.16 0.00 278,437,737.16 205,312,734.62 0.00 205,312,734.62 2 2004.6.30 % 35,160,063.98 0.00 6,096,718.72 0.00 50,203,256.83 0.00 85,363,320.81 50.00% 7,246,126.79 0.00 3,284,695.77 0.00 15,327,722.22 0.00 22,573,849.01 30.00% 39

1,685,023.13 0.00 1,341,857.01 0.00 6,191,555.35 0.00 7,876,578.48 25.00% 7,960,000.00 4,000,000.00 79,539.10 0.00 271,465.05 0.00 8,231,465.05 66.00% 5,000,000.00 0.00 203,065.29 0.00 796,149.28 0.00 5,796,149.28 52.50% 12,500,000.00 0.00 233,451.69 0.00-1,049,544.60 0.00 11,450,455.40 50.00% 8,300,000.00 0.00-156,535.23 0.00-156,535.23 0.00 8,143,464.77 50.00% 36,000,000.00 27,000,000.00 0.00 0.00 0.00 36,000,000.00 90.00% 23,175,600.00 0.00-1,096,042.73 0.00-2,487,469.33 0.00 20,688,130.67 70.00% 12,415,650.00 0.00 15,518,923.44 0.00 15,518,923.44 0.00 27,934,573.44 50.00% 11,000,000.00 11,000,000.00 128,153.48 128,153.48 11,128,153.48 55.00% 160,442,463.90 42,000,000.00 25,633,826.54 0.00 84,743,676.49 0.00 245,186,140.39 3 2004.6.30 % 8,277,050.02 6,952,428.00 0.00 0.00 0.00 0.00 15,229,478.02 40.00% 8,277,050.02 6,952,428.00 0.00 0.00 0.00 0.00 15,229,478.02 4 2003.12.31 2004.6.30 31,731,196.63 10 21,154,121.88 1,586,562.00 19,567,559.88-2,592,269.85 10-1,728,186.36-129,612.00-1,598,574.36 86,125.17 10 57,435.23 4,302.00 53,133.23 29,225,051.95 19,483,370.75 1,461,252.00 18,022,118.75 1 2000 5 1 2004.6.30 2003.6.30 70,079,765.83 61,142,210.67 6,832,297.18 2,735,567.90, 76,912,063.01 63,877,778.57, 2 47,951,340.98 62.34% 6 2004.6.30 2003.6.30 40

51,856,586.83 39,528,776.12 2,213,079.54 2,075,492.74 54,069,666.37 41,604,268.88 7 1 2004.6.30 2003.6.30 0.00 0.00 25,633,826.54 14,431,958.10 0.00 0.00 25,633,826.54 14,431,958.10 0.00 0.00 0.00 0.00-1,461,252.00-1,461,252.00 24,172,574.54 12,970,706.10 2 1 1 30% 41

2 2003.12.31 2004.6.30 169,750,000.00 0.00 0.00 169,750,000.00 427 0.00 0.00 427 6,000,000.00 0.00 0.00 6,000,000.00 8,000,000.00 0.00 0.00 8,000,000.00 250 0.00 0.00 250 6,000,000.00 0.00 0.00 6,000,000.00 25,000,000.00 0.00 0.00 25,000,000.00 16,600,000.00 0.00 0.00 16,600,000.00 10,000,000.00 30,000,000.00 0.00 40,000,000.00 400 0.00 0.00 400 300 0.00 0.00 300 0.00 20,000,000.00 0.00 20,000,000.00 3 2003.12.31 (%) 2004.6.30 (%) 104,748,000.00 43.65% 104,748,000.00 43.65% 12,970,000.00 50.00% 12,970,000.00 50.00% 3,960,000.00 66.00% 7,960,000.00 66.00% 5,000,000.00 62.50% 5,000,000.00 62.50% 7,200,000.00 50.00% 7,200,000.00 50.00% 2,550,000.00 42.50% 2,550,000.00 42.50% 12,500,000.00 50.00% 12,500,000.00 50.00% 8,300,000.00 50.00% 8,300,000.00 50.00% 9,000,000.00 90.00% 36,000,000.00 90.00% 23,175,600.00 70.00% 23,175,600.00 70.00% 12,415,650.00 50.00% 12,415,650.00 50.00% 0.00 0.00% 11,000,000.00 55.00% 4 2 42

1 A B C 2 2004.6.30 2003.6.30 732,338.00 220,635.60 4,646,629.33 4,480,299.54 1 10 / / 200 / / 2003 10 1 2006 9 30 2 3 2004.04.30-2005.04.29 0.39825% 30,000,000.00 2004.06.09-2005.06.08 0.39825% 30,000,000.00 2004.06.09-2005.06.01 0.39825% 30,000,000.00 2003.12.17-2004.07.16 0.39825% 5,000,000.00 2003.12.17-2004.08.16 0.39825% 8,000,000.00 2003.12.17-2004.09.16 0.39825% 5,000,000.00 2003.12.17-2004.10.16 0.39825% 10,000,000.00 2003.12.17-2004.11.16 0.39825% 5,000,000.00 2003.12.17-2004.12.16 0.39825% 10,000,000.00 2004.06.29-2005.06.15 0.39825% 15,000,000.00 2003.12.24-2004.12.24 0.44250% 15,000,000.00 163,000,000.00 4 2004.6.30 2003.12.31 43

170,000.00 1.10% 170,000.00 1.56% 8,798,599.03 56.69% 5,137,825.69 47.16% 8,968,599.03 57.79% 5,307,825.69 48.72% 1,877,802.21 14.22% 1,728,134.88 11.89% 1,877,802.21 14.22% 1,728,134.88 11.89% 1 55,340,000.00 27,500,000.00 2 3 4 1395 4,068,239.72 2003.11.28-2004.11.27 0.48675% 3,000,000.00 1 31,889,763.40 2003.9.22-2004.9.22 0.39825% 20,000,000.00 1 14,140,870.61 829,932.30 2003.8.24-2004.8.25 0.57250% 300,000.00 50,928,806.03 23,300,000.00 1 2003 3 11 2005 3 11 5 44

% % / / 122,787,291.05 26.08 26.98 0.51 0.51 72,210,238.75 15.34 15.87 0.30 0.30 32,611,759.62 6.93 7.17 0.14 0.14 32,647,800.50 6.94 7.17 0.14 0.14 170,035.17 219,140.05, 13,064.00 2004 07 27 2004 07 27 2004 07 27 45