2004 000655 00 1
.. 3...4. 5.. 7..10.12.13.13.21.22. 24..24 2
3
1 Shandong Zibo Huaguang Ceramics Co.,Ltd. 2 3 0533-2061798 0533-2061404 55 A 255086 4 6 55 A http://www.huaguanggroup.com hggroup@public. zbptt.sd.cn 5 : http://www.cninfo.com 6 000655 7 1989 6 20 2003 10 9 3700001805174 370303164100307 2006 5 4
1-155,093,635.46-146,819,724.29-148,458,432.69 19,582,143.68 1,034,219.84-140,203,555.66 530,432.79 -- -15,420,512.59-170,230,852.83-209,616,130.45 1-2,045,360.69 2 3,212,069.09 3 472,000.00 2 2004 2003 2002 148,228,906.22 281,591,349.85 301,038,015.79-146,819,724.29 7,594,448.67 12,508,990.51 1,388,093,679.09 1,668,411,852.81 1,640,878,817.00 390,987,799.57 539,083,069.09 540,493,041.13-0.57 0.03 0.08 1.51 2.08 3.33 0.87 1.62 2.98-37.55 1.41 2.31-0.57 0.03 0.09-0.57 0.02 0.07-0.66-0.27-0.16 (12) (%) -31.53 1.41 3.15 (13) (%) -31.88 0.77 2.76 5
% 5.01 4.21 0.0755 0.0755-35.86-30.11-0.5408-0.5408-37.55-31.53-0.5663-0.5663-37.97-31.88-0.5726-0.5726 3 259,254,374.00 186,763,795.59 49,067,004.37 25,583,483.78 45,511,938.64-1,514,043.51 539,083,069.09-1,241,654.77 - - -146,819,724.29-2,517,200.00-148,095,269.52 - - - - - - - 259,254,374.00 188,005,450.36 49,067,004.37 25,583,483.78-101,307,785.65-4,031,243.51 390,987,799.57 : 1 805,608.19 436,046.58 2 2004 3 2004 6
1 1-1 2 3 4 1 2 3 4 89,420,320 89,420,320 50,280,009 139,700,329 119,554,045 119,554,045 89,420,320 89,420,320 50,280,009 139,700,329 119,554,045 119,554,045 259,254,374 259,254,374 2 2002 5 30 2001 2001 2001 12 31 125,907,813, 10 1.5 1.50 2002 7 30 [2002]13 2002 11 27 7
17,240,000 2002 12 17 2002 12 15 1999 2002 12 30 00065 2002 12 25 2003 5 10 2002 2002 2002 12 31 16,203.3984 10 2 0.50 10 4 2003 6 24 2003-009 2003 6 18 23 18 2 1 2004 12 31, 30702 2 5% 5% % 8942 03 8942.03 34.49 34.49% 5% 8
30702 0 89,420,320 34.49 0 10,925,920 4.21 0 6,419, 856 2.48 6,418,605 0 6,226,046 2.40 0 4,510,240 1.74 0 2,852,000 1.10 0 2,760,000 1.06 0 2,208,000 0.85 0 2,024,000 0.78 0 1,840,000 0.71 ( ) A B H 516,531 A 270,042 A 263,120 A 239,548 A 225,000 A 220,000 A 200,000 A 184,442 A 178,774 A 177,478 A 9
1 1 42 2003.5-2006.5 14,837 14,837 50 2003.5-2006.5 12,917 12,917 48 2003.5-2006.5 8,611 8,611 43 2003.5-2006.5 9,892 9,892 50 2003.5-2006.5 9,891 9,891 38 2003.5-2006.5 0 0 66 2003.5-2006.5 0 0 66 2003.5-2006.5 0 0 53 2003.5-2006.5 9,891 9,891 46 2003.5-2006.5 9,891 9,891 55 2003.5-2006.5 0 0 36 2003.5-2006.5 0 0 42 2003.5-2006.5 8,320 8,320 48 2003.5-2006.5 9,891 9,891 51 2003.5-2006.5 0 0 51 2003.5-2006.5 0 0 2 10
, 3 48.61 14.39 14.39 5-6 2 4-5 11 3-4 1 2-3 1, 3 3 11
2 3,385 2,552 75.4% 246 6.68% 323 8.76% 54 1.46% 251 6.81% 0 510 13.83% 1 2 1 7 7 0 0 7 5 2 0 7 6 1 0 2 3 4 12
2004 2004 4 28 2003 2004 5 29 10 10044.0381 38.74% 1 2003 2 2003 3 2003 4 2003 5 2003 6 7 1200 8 2004 6 1 1 14,822.89 1,958.21 47.36% 74.41% 2004 MA, 13
30 3 2 1 2004 14,822.89 47.36% 1,958.21 74.41%-15,509.36 1,645.75% -14,681.97 2,033.25% 11,205.49 1,788.39 3,225.97 189.31 45.44% 75.60% 52.58% 21.76 % 38.28% 15.96% 17.71% 5.87% 10% % 112,054,937.00 94,171,011.12 15.96 32,259,682.14 30,366,596.79 5.87 2 % 1057 68.12 10,674.83-862.97 USD24 75 5,124.01-331.40 USD80 75 3,845.91-82.94 1456 75 7,027.52-335.63 500 98 4,556.99-208.94 7180 93.2 57,165.59-5,849.84 14
4,954.97-62.14 2000 40 3,389.45-120.81 3000 40.75 10% 3 34.73% 30.37% 4, ; ;,,,,, 3 1 14,839.24 3,859.16 8,966.85 4,460.00 64.29 5,300.00 342.78 50 4,950.00 0.00 3,000.00 0.00 17,710.00 407.07 15
1 2004 2 3 50 2, 50 " " 2003 5,060.24 1 50 2,069.50 461.35 2 2,990.74 2,990.74 5,060.24 3,452.09 4 2004 138,809.37 16.80% 39,098.78 27.47% 1,958.21 74.41% -14,681.97 2,033.25% -20,961.61 47.17% 1 12.42% 16
3 21.79% 15% 13% 1,482.34 459.05 1,840.93 1,646.05 906.99 21.84 2 3 5 6 1 2005 : 2 (3) 17
(4), (5) 7 2004 2004 12 31 251,032,635.34 12.42% 15% 13% 8 1 18
2004 1 6 2004 4 4 800 WINHUA INVESTMENT LIMITED MA 2000 2004 4 20 1200 3000 2003 2003 2003 2003 2004 4 27 2004 2003 2004 4 30 1.5 2004 8 3 00 2004 10 21 00 2 2003 2003 2003-009 2003 6 18 23 18 9 2004 19
2004-146,819,724.29-146,819,724.29 45,511,938.64-101,307,785.65-101,307,785.65 10 1 2 [2003] 56 [2005]165 2004 12 31 2004 [2005]036 [2003]56 1 2 3 4 5 6 20
2005 4 5 3 [2003]56 2004 00 2004 4 20 5 5 1 2003 2 2003 3 2004 1 2 2004 21
3 4 2004 1 1 2003 2 2004 3 [2003] 56 04.3.22 05.3.22 500 05.3.22 07.3.22 04.8.4 05.6.10 500 05.6.11 07.6.11 04.8.3 05.8.3 500 05.7.9 07.7.9 04.7.30 05.7.28 500 05.7.29 07.7.29 22
04.11.16--05.11.15 500 05.11.16 07.11.16 03.6.27 04.6.25 1000 04.6.25 06.6.25 03.6.27 04.6.25 500 04.11.20 06.11.20 2,500.00 4,000.00 300.00 295.67 4,295.67 10.98% 50 0.00 70 0.00 50 0.00 [2003] 56 2004 10.98% 4 5 6 7 2004 4 4 800 WINHUA INVESTMENT LIMITED 23
MA 2000 2004 4 20 1200 3000 8 5% 9 35 10 11 2004 3 17 1 2004 [2005] 036 2 3 1 2 3 4 5 6 24
[2005]036 2004 12 31 2004 2004 12 31 2004 251,032,635.34 2005 4 5 25
: 2004-12-31 2003-12-31 :.1 75,554,918.94 64,782,228.99 285,171,049.39 254,094,329.88 -- -- -- -- -- -- -- -- -- -- -- --.2 220,435,051.15 68,597,488.07 210,765,478.32 72,274,782.84.3 267,123,402.10 643,560,485.00 204,874,668.96 538,880,629.62.4 62,513,900.86 20,395,627.06 56,297,375.20 20,712,585.02.5 16,598.56 16,598.56 1,378,271.98 1,378,271.98.6 330,632,481.66 90,987,505.82 397,311,201.63 156,537,672.13 -- -- -- -- -- -- -- -- 956,276,353.27 888,339,933.50 1,155,798,045.48 1,043,878,271.47 : 2,261,158.50 56,567,847.95 36,188,649.93 136,572,989.63 -- -- 24,100.00 24100.00 2,261,158.50 56,567,847.95 36,212,749.93 136,597,089.63 : -- -- -- -- 261,158.50 338,496.73 (251,350.07)-- (154,677.29) : 575,837,293.29 146,160,202.78 584,668,876.04 199,209,175.61 : 174,211,029.77 46,511,192.92 149,202,605.21 48,490,116.43 401,626,263.52 99,649,009.86 435,466,270.83 150,719,059.18 : 16,384,200.86 4,295,294.67 3,009,048.96 3,009,048.96 385,242,062.66 95,353,715.19 432,457,221.87 147,710,010.22 -- -- -- -- 21,755,678.88 17,574,190.88 24,436,897.42 24,424,296.17 -- -- -- -- 406,997,741.54 112,927,906.07 456,894,119.29 172,134,306.39 : 22,558,425.78 15,340,358.86 19,506,938.11 19,073,568.07 -- -- -- -- -- -- -- -- 22,558,425.78 15,340,358.86 19,506,,938.11 19,073,568.07 -- -- -- -- 1,388,093,679.09 1,073,176,046.38 1,668,411,852.81 1,371,683,235.56 26
( : 2004-12-31 2003-12-31 : 347,219,935.34 278,564,625.65 336,250,000.00 269,240,000.00 19,800,000.00 19,800,000.00 161,007,859.23 115,197,859.23 103,426,627.80 35,713,242.95 113,008,165.20 62,264,464.31 58,563,379.79 21,112,626.10 59,600,139.01 33,001,455.21 -- -- -- -- (2,106,586.88) (1,806,304.34) (2,088,467.01) (1,842,823.71) -- -- -- -- 50,450,700.91 1,747,165.52 47,370,707.59 (1,244,700.08) 1,686,889.01 157,839.80 1,643,268.90 130,993.34 73,305,015.67 44,427,881.97 65,502,824.39 45,025,800.07 2,701,994.12 -- -- -- -- -- -- -- 201,282, 700.00 168,962,700.00 126,282,700.00 93,962,700.00 856,330,655.76 568,679,777.65 908,577,197.31 615,735,748.37 : 107,000,000.00 107,000,000.00 211,000,000.00 211,000,000.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 107,000,000.00 107,000,000.00 211,000,000.00 211,000,000.00 -- -- -- -- 963,330,655.76 675,679,777.65 1,119,577,197.31 826,735,748.37 : 33,775,223.76 -- 9,751,586.41 -- : 259,254,374.00 259,254,374.00 259,254,374.00 259,254,374.00 188,005,450.36 188,005,450.36 186,763,795.59 186,763,795.59 49,067,004.37 49,067,004.37 49,067,004.37 49,067,004.37 : 25,583,483.78 25,583,483.78 25,583,483.78 25,583,483.78 (4,031,243.51) (1,514,043.51) -- (101,307,785.65) (98,830,560.00) 45,511,938.64 49,862,313.23 -- -- -- -- 390,987,799.57 397,496,268.73 539,083,069.09 544,947,487.19 1,388,093,679.09 1,073,176,046.38 1,668,411,852.81 1,371,683,235.56 ( ) 27
: 2004 2003..28 148,228,906.22 67,860,869.02 281,591,349.85 111,806,463.90 :.28 128,197,554.53 61,517,777.34 204,357,007.71 71,039,686.72 449,208.01 328,903.95 725,366.44 179,864.97. 19,582,143.68 6,014,187.73 76,508,975.70 40,586,912.21 :.29 1,034,219.84 358,042.97 2,562,154.18 2,082,135.66 : 26,043,654.90 15,800,345.36 13,779,625.91 8,558,761.34 88,463,218.13 49,602,446.20 29,422,293.62 15,577,474.61.30 46,313,046.15 21,598,793.82 27,478,521.21 5,697,974.12. (140,203,555.66) (80,629,354.68) 8,390,689.14 12,834,837.80 :.31 530,432.79 (65,785,539.65) 1,121,233.20 (2,149,586.42) -- -- -- --.32 378,414.08 205,069.94 1,035,115.23 230,369.97 :.33 15,798,926.67 2,483,048.84 513,477.99 153,644.11. (155,093,635.46) (148,692,873.23) 10,033,559.58 10,761,977.24 : -- -- 4,648,518.45 3,587,153.98 (5,756,711.17) -- (695,364.03) -- (2,517,200.00) -- (1,514,043.51) --. (146,819,724.29) (148,692,873.23) 7,594,448.67 7,174,823.26 : 45,511,938.64 49,862,313.23 71,759,251.63 76,529,251.63 -- -- -- --. (101,307,785.65) (98,830,560.00) 79,353,700.30 83,704,074.89 : -- -- 717,482.33 717,482.33 -- -- 717,482.33 717,482.33. (101,307,785.65) (98,830,560.00) 77,918,735.64 82,269,110.23 : -- -- -- -- -- -- -- -- -- -- -- -- -- -- 32,406,797.00 32,406,797.00. (101,307,785.65) (98,830,560.00) 45,511,938.64 49,862,313.23 1 472,000.00 990,000.00 2 -- -- 3 -- -- 4 -- -- 5 -- -- 6 -- -- 28
: 2004 : 151,403,741.72 71,901,514.81 -- -- 5,857,778.84 5,538,175.97 157,261,520.56 77,439,690.78 188,026,752.15 138,520,908.47 29,359,366.81 11,276,769.90 9,022,487.75 7,541,337.18 101,083,766.68 92,287,440.42 327,492,373.39 249,626,455.97 (170,230,852.83) (172,186,765.19) 34,464,100.00 34,464,100.00 479,963.50 479,963.50 2,071,969.38 2,102,403.38 -- -- 37,016,032.88 37,046,466.88 12,579,759.84 6,884,240.02 -- -- -- -- 12,579,759.84 6,884,240.02 24,436,273.04 30,162,226.86 23,775,000.00 -- -- -- -- -- 23,775,000.00 -- 38,157,374.35 7,253,374.35 47,809,666.17 39,529,407.92 1,579,915.95 486,996.43 87,546,956.47 47,269,778.70 (63,771,956.47) (47,269,778.70) (49,594.19) (17,783.86) (209,616,130.45) (189,312,100.89) 29
2004 1. : (146,819,724.29) (148,692,873.23) : (5,756,711.17) -- (2,517,200.00) -- 36,375,014.87 23,025,342.13 41,529,118.25 11,053,808.82 883,542.95 451,663.83 -- -- -- -- (2,701,994.12) -- ( : ) 1,647,924.59 999,650.47 54,843,164.55 40,034,188.21 ( : ) (530,432.79) 65,785,539.65 ( : ) 48,269,387.18 47,337,261.39 ( : ) -- -- ( : ) (82,725,361.81) (75,938,381.15) ( : ) (112,727,581.04) (136,242,965.31) -- -- (170,230,852.83) (172,186,765.19) 2. : -- -- -- -- -- -- 3. 75,554,918.94 64,782,228.99 : 285,171,049.39 254,094,329.88 : -- -- : -- -- (209,616,130.45) (189,312,100.89) ( ) 30
55 0533-2064314 0533-2063099 2004 [1989]7 1993 [1993]252 1996 11 8 [1996]322 1996 9 28 16309798-6 1998 12 1 (1998)305 1999 9 16 [1999]95 23,255,813 116,387,813 1999 12 29 [1999]148 9,520,000 1,420,000 8,100,000 2000 3 13 125,907,813 2002 7 29 2001 18,886,171 144,793,984 2002 11 29 [2002]13 17,240,000 921,187 16,318,813 162,033,984 2003 6 23 2002 32,406,797 31
64,813,593 259,254,374 1. 2. 1 1 12 31 3. 4. 5. 6. 7. 32
8. a. ; b. 6% 9. 10. 11. a. b. 33
5 c. 20% 20% 20% 20%( 20%) 20% a. b. c. 34
12. 2000 3% % 30-15 3.23-6.47 11 8.82 15 6.47 10-7 9.70-13.86 6-5 16.17-19.40 10-5 9.70-19.40 15 6.47 13. 3 35
14. 50 5-10 30 15. a. b. 3-5 16. (1) a. b. c. 36
(2) a. b. (3) 3 (4) 17. a. b. c. a. b. 18. () 37
19. 20. 50% 50% [1999]10 38
(1) % 17 7 3 24-33 (2) 24% (%) ( ) ( ) 1057 68.12 -- 720 USD80 75 -- USD60 USD24 75 -- USD18 1456 75 -- 1092 39
500 98 -- 490.. 7180 93.20 6.80 6692 3000 40.75 -- 1222.5 2000 40 -- 800 10,000,000.00 2,000,000.00 20.00% 1. 2004-12-31 2003-12-31 RMB 79,864.86 79,864.86 52,049.04 52,049.04 RMB 15,459,754.06 15,459,754.06 202,169,092.17 202,169,092.17 USD 89,314.57 739,176.29 48,247.46 403,676.55 16,198,930.35 202,572,768.72 RMB 59,276,123.73 59,276,123.73 82,546,231.63 82,546,231.63 75,554,918.94 285,171,049.39 73.51% 59,276,123.73 2. 2004-12-31 (%) 1 27,706,008.11 11.82 1,662,360.49 26,043,647.62 80,022,040.48 34.12 4,801,322.43 75,220,718.05 29,357,067.55 12.52 1,761,424.05 27,595,643.50 40
3 97,420,257.42 41.54 5,845,215.44 91,575,041.98 234,505,373.56 100.00 14,070,322.41 220,435,051.15 2003-12-31 (%) 1 86,030,176.55 38.37 5,161,810.59 80,868,365.96 1-2 42,180,568.37 18.81 2,530,834.10 39,649,734.27 2-3 28,415,724.49 12.67 1,704,943.47 26,710,781.02 3 67,592,124.54 30.15 4,055,527.47 63,536,597.07 224,218,593.95 100.00 13,453,115.63 210,765,478.32 2004 12 31 11,807,948.49 2003 4,786,171.42 2002 4,307,275.95 2001 3,978,962.20 2002 3,176,948.10 2001 5%( 5%) 3. 2004-12-31 (%) 1 199,444,366.68 70.18 11,966,662.01 187,477,704.67 1-2 16,154,578.51 5.68 969,274.71 15,185,303.80 2-3 12,066,240.52 4.25 723,974.44 11,342,266.08 3 56,508,646.33 19.89 3,390,518.78 53,118,127.55 284,173,832.04 100.00 17,050,429.94 267,123,402.10 2003-12-31 (%) 1 134,713,368.56 61.81 8,082,802.11 126,630,566.45 1-2 24,905,313.80 11.43 1,494,318.83 23,410,994.97 2-3 10,085,573.16 4.63 605,134.39 9,480,438.77 3 48,247,519.98 22.13 2,894,851.21 45,352,668.77 41
217,951,775.50 100.00 13,077,106.54 204,874,668.96 2004 12 31 189,468,500.88 2003-2004 16,632,209.47 2003 11,061,114.10 2001 6,938,261.78 2001 6,831,976.32 2001 5%( 5%) 30.38% 4. 2004-12-31 2003-12-31 (%) (%) 1 12,735,358.35 20.37 28,439,677.75 50.52 1-2 18,738,314.11 29.97 13,286,935.92 23.60 2-3 10,074,231.06 16.12 4,050,200.70 7.19 3 20,965,997.34 33.54 10,520,560.83 18.69 62,513,900.86 100.00 56,297,375.20 100.00 2004 12 31 18,973,580.68 2003 4,608,473.16 2004 1,280,000.00 2003 1,089,355.75 2004 1,048,952.98 2001 5%( 5%),778,542.21 5. 2004-12-31 2003-12-31 42
16,598.56 1,378,271.98 6. 2004-12-31 2003-12-31 121,222,138.14 -- 121,222,138.14 146,034,567.06 -- 146,034,567.06 4,042,625.83 -- 4,042,625.83 7,565,751.65 -- 7,565,751.65 198,738,039.51 18,563,943.88 180,174,095.63 209,301,626.23 154,611.09 209,147,015.14 25,193,622.06 -- 25,193,622.06 34,563,867.78 -- 34,563,867.78 349,196,425.54 18,563,943.88 330,632,481,66 397,465,812.72 154,611.09 397,311,201.63 2003-12-31 2004-12-31 -- -- -- -- 154,611.09 18,409,332.79 -- 18,563,943.88 -- -- -- -- 154,611.09 18,409,332.79 -- 18,563,943.88 7. (1) 2003-12-31 2004-12-31 36,188,649.93 462,039.28 34,389,530.71 2,261,158.50 -- -- -- -- 36,188,649.93 462,039.28 34,389,530.71 2,261,158.50 24,100.00 -- 24,100.00 -- -- -- -- -- 24,100.00 -- 24,100.00 -- 36,212,749.93 462,039.28 34,413,630.71 2,261,158.50 (2) a. 2003-12-31 2004-12-31 864,000.00 1,040,000.00 1,040,000.00 (1,040,000.00) -- 43
b. 2003-12-31 2004-12-31 1.47% 30,000,000.00 (30,000,000.00) -- 10.00% 3,400,000.00 (3,400,000.00) -- 20.00% 2,000,000.00 -- 2,000,000.00 35,400,000.00 (33,400,000.00) 2,000,000.00 c. 2003-12-31 ( ) 2004-12-31 (251,350.07) -- (96,673.19) (154,676.88) -- 462,039.28 46,203.90 415,835.38 (251,350.07) 462,039.28 (50,469.29) 261,158.50 8. 2003-1-1 2004-12-31 222,792,016.79 29,629,103.88 31,164,914.06 221,256,206.61 53,271,255.03 287,460.77 1,261,784.08 52,296,931.72 10,719,964.70 123,382.51 1,966,128.29 8,877,218.92 244,437,186.97 14,200,919.47 11,743,267.86 246,894,838.58 6,847,300.42 1,583,232.22 1,373,763.42 7,056,769.22 18,381,125.32 1,083,135.28 2,938,950.78 16,525,309.82 28,220,026.81 8,807,395.93 14,097,404.32 22,930,018.42 584,668,876.04 55,714,630.06 64,546,212.81 575,837,293.29 39,161,274.57 8,172,754.25 5,677,906.13 41,656,122.69 17,865,601.05 5,611,844.28 676,368.22 22,801,077.11 3,148,066.88 632,556.80 260,526.47 3,520,097.21 67,421,887.39 20,480,329.12 4,643,528.96 83,258,687.55 4,852,931.01 700,061.71 930,243.09 4,622,749.63 7,204,377.58 2,730,784.46 793,071.83 9,142,090.21 9,548,466.73 3,200,787.63 3,539,048.99 9,210,205.37 149,202,605.21 41,529,118.25 16,520,693.69 174,211,029.77 435,466,270.83 401,626,263.52 6,646,494.55 44
19,106,345.55 9. 2003-12-31 2004-12-31 2,417,807.98 3,717,845.07 -- 6,135,653.05 149,727.50 8,552,685.50 -- 8,702,413.00 31,577.96 62,167.75 -- 93,745.71 409,935.52 600,443.47 -- 1,010,378.99 -- 121,995.37 -- 121,995.37 -- 320,014.74 -- 320,014.74 3,009,048.96 13,375,151.90 -- 16,384,200.86 10. -- 21,947,723.96 2,121,078.55 368,094.91 24,436,897.42 -- -- -- -- -- 1,816,675.78 27,782.24 3,463,297.10 4,561,140.21 9,868,895.33 -- -- -- -- -- 4,998,485.70 3,605,909.27 2,129,043.12 12,550,113.87 -- -- -- -- -- 1,816,675.78 16,977,020.50 1,978,466.38 2,800,192.00 21,755,678.88 -- -- -- -- -- -- -- -- -- -- 1,816,675.78 16,977,020.50 1,978,466.38 2,800,192.00 21,755,678.88 11. 2004-12-31 6,000,000.00 21,900,015.62 4,136,500.00 32,036,515.62 -- 23,964,985.00 4,136,500.00 28,101,485.00 45
6,000,000.00 2,064,969.38 3,935,030.62 66,666.68 5,274,923.16 791,028.37 6,132,618.21 -- 4,458,046.89 791,028.37 5,249,075.26 66,666.68 816,876.27 -- 883,542.95 5,933,333.32 16,625,092.46 3,345,471.63 25,903,897.41 29 8 40 8 2003-12-31 2004-12-31 3,345,471.63 -- -- 3,345,471.63 12. 2004-12-31 2003-12-31 RMB 10,140,000.00 10,140,000.00 RMB 9,140,000.00 9,140,000.00 RMB337,079,935.34 337,079,935.34 RMB327,110,000.00 327,110,000.00 347,219,935.34 336,250,000.00 68,930,000.00 2003.09.28--2004.12.13 6.21--6.588% 83,673,225.65 2004.05.12--2004.11.12 6.372--7.83% 10,056,709.69 2003.10.14 6.372--7.83% 21,340,000.00 2003.12.18--2004.06.09 6.372% 9,750,000.00 2004.07.03--2004.09.15 6.903--8.88% 193,749,935.34 13. 19,800,000.00 5%( 5%) 46
14. 103,426,627.80 5%( 5%) 15. 58,563,379.79 5%( 5%) 16. 2004-12-31 2003-12-31 52,047,052.15 50,391,115.58 1,607,918.03 1,163,109.55 2,845,689.10 2,743,901.25 (8,102,927.35) (8,102,923.77) 2,052,968.98 1,175,504.98 50,450,700.91 47,370,707.59 17. 73,305,015.67 5%( 5%) 18. 2004-12-31 2003-12-31 2,701,994.12 -- 19. 2004-12-31 2003-12-31 201,282,700.00 2000.12.25--2005.11.30 4.68%--7.128% 126,282,700.00 47
59.39% 120,000.00 2004.12.23 4.68% 32,320,000.00 2004.03.12--2004.08.30 7.128% 24,842,700.00 2004.12.18 4.68% 57,282,700.00 20. 2004-12-31 2003-12-31 107,000,000.00 2001.03,06--2008.01.20 5.49%--6.21% 211,000,000.00 49.29% 21. 2004-12-31 2003-12-31 11,577,154.97 5,244,219.42 1,419,143.25 3,229,638.90 737,499.11 1,678,375.88 62,246.25 104,033.38 (1,343,747.84) (504,681.17) 5,974,321.98 -- 5,110,564.59 -- 5,974,321.98 -- 3,294,692.32 -- 969,027.15 -- 33,775,223.76 9,751,586.41 246.36% 48
22. 2003-12-31 2004-12-31 ( ) 139,700,329.00 -- -- 139,700,329.00 89,420,320.00 -- -- 89,420,320.00 50,280,009.00 -- -- 50,280,009.00 94,141.00 -- -- 94,141.00 94,141.00 -- -- 94,141.00 139,794,470.00 -- -- 139,794,470.00 ( ) 119,459,904.00 -- -- 119,459,904.00 119,459,904.00 -- -- 119,459,904.00 259,254,374.00 -- -- 259,254,374.00 23. 2003-12-31 2004-12-31 172,311,653.96 -- -- 172,311,653.96 14,452,141.63 805,608.19 -- 15,257,749.82 -- 436,046.58 -- 436,046.58 186,763,795.59 1,241,654.77 -- 188,005,450.36 24. 2004-12-31 2003-12-31 23,483,520.59 23,483,520.59 25,583,483.78 25,583,483.78 49,067,004.37 49,067,004.37 25. 49
2003-12-31 2004-12-31 (1,514,043.51) (2,517,200.00) -- (4,031,243.51) 26. 2004-12-31 2003-12-31 45,511,938.64 71,759,251.63 (146,819,724.29) 7,594,448.67 -- 1,434,964.66 1. -- 717,482.33 2. -- 717,482.33 -- 32,406.797.00 (101,307,785.65) 45,511,938.64 27. 2004 2003 2004 2003 2004 2003 112,054,937.00 127,945,203.22 94,171,011.12 78,966,443.72 17,883,925.88 48,978,759.50 32,259,682.14 148,069,624.61 30,366,596.79 121,851,895.47 1,893,085.35 26,217,729.14 3,914,287.08 5,576,522.02 3,659,946.62 3,538,668.52 254,340.46 2,037,853.50 148,228,906.22 281,591,349.85 128,197,554.53 204,357,007.71 20,031,351.69 77,234,342.14 47.36% 28. 2004 2003 2,614,770.48 6,525,506.59 1,580,550.64 3,963,352.41 1,034,219.84 2,562,154.18 50
2004 2003 1,676,375.2 1,558,957.47 117,417.82 1,967,369.11 420,148.43 21,593.17 398,555.26 405,597.97 518,246.76 -- 518,246.76 189,187.10 2,614,770.4 1,580,550.64 1,034,219.84 2,562,154.18 29. 2004 2003 51,918,164.74 43,844,329.38 * 5,828,124.28 16,659,754.51 49,594.19 (91,098.42) 173,411.50 385,044.76 46,313,046.15 27,478,521.21 * 3,212,069.09 68.54% 30. 2004 2003 7,963.50 34,560.00 ( ) -- -- 50,469.29 96,673.20 472,000.00 990,000.00 -- -- 530,432.79 1,121,233.20 31. 2004 2003 348,759.52 890,336.37 5,620.00 26,089.20 51
24,034.56 118,689.66 378,414.08 1,035,115.23 32. 2004 2003 1,996,684.11 41,526.25 13,375,151.90 -- 408,697.73 283,278.37 2,900.00 160,300.00 15,492.93 28,373.37 15,798,926.67 513,477.99 2976.85% 33. 101,083,766.68 42,258,313.52 58,419,865.26 1. 2004-12-31 (%) 1 21,024,836.70 29.19 369,467.37 20,655,369.33 1-2 22,893,926.01 31.79 1,373,635.56 21,520,290.45 2-3 8,732,396.74 12.12 523,943.81 8,208,452.93 3 19,375,931.23 26.90 1,162,555.87 18,213,375.36 72,027,090.68 100.00 3,429,602.61 68,597,488.07 2003-12-31 1 42,067,824.49 55.57 1,455,714.26 40,612,110.23 52
1-2 12,039,143.56 15.90 677,348.61 11,361,794.95 2-3 9,791,230.24 12.93 587,473.81 7,203,756.43 3 11,805,448.12 15.60 708,326.89 11,097,121.23 75,703,646.41 100.00 3,428,863.57 72,274,782.84 2. (1) 2003-12-31 2004-12-31 136,572,989.63 (45,596,276.42) 34,408,865.26 56,567,847.95 -- -- -- -- 136,572,989.63 (45,596,276.42) 34,408,865.26 56,567,847.95 24,100.00 -- 24,100.00 -- -- -- -- -- 24,100.00 -- 24,100.00 -- 136,597,089.63 (45,596,276.42) 34,432,965.26 56,567,847.95 (2) a. 2003-12-31 2004-12-31 864,000.00 1,040,000.00 1,040,000.00 (1,040,000.00) -- b. 2003-12-31 2004-12-31 9,451,842.33 (5,878,303.09) -- 3,573,539.24 7,473,736.29 (622,077.79) -- 6,851,658.50 8,258,922.47 (2,472,934.66) -- 5,785,987.81 72,005,529.96 (54,522,352.47) -- 17,483,177.49 5,097,635.87 (2,047,569.53) -- 3,050,066.34 -- 7,752,217.22 -- 7,752,217.22 -- 11,732,704.62 -- 11,732,704.62 53
102,287,666.92 (46,058,315.70) -- 56,229,351.22 2003-12-31 2004-12-31 1.47% 30,000,000.00 (30,000,000.00) -- 10.00% 3,400,000.00 (3,400,000.00) -- 33,400,000.00 (33,400,000.00) -- c. 2003-12-31 ( ) 2004-12-31 (154,677.29) -- (77,338.64) (77,338.65) -- 462,039.28 46,203.90 415,835.38 (154,677.29) 462,039.28 (31,134.74) 338,496.73 3. 2004 2003 2004 2003 2004 2003 67,860,869.02 111,806,463.90 61,517,777.34 71,039,686.72 6,343,091.68 40,766,777.18 4. 2004 2003 7,963.50 34,560.00 ( ) (66,296,637.89) (3,251,485.07) 31,134.74 77,338.65 472,000.00 990,000.00 -- -- (65,785,539.65) (2,149,586.42) ( ) 54
1.. 2003-12-31 ( ) 2004-12-31 89,420,320.00 34.49% -- 89,420,320.00 34.49% 2. ( ) 1. 2. 2004 2003 44,516,107.88 30.03% 22,198,418.42 7.88% ( ) 2004-12-31 2003-12-31 2004-12-31 2003-12-31 12,389,825.67 10,087,316.92 5.28 4.50 2,551,477.00 2,551,477.00 0.90 1.17 55
50,000,000.00 5,000,000.00 2005.03.22 2007.03.22 5,000,000.00 2005.06.11 2007.06.11 5,000,000.00 2005.07.09 2007.07.09 5,000,000.00 2005.07.29 2007.07.29 5,000,000.00 2005.11.16 2007.11.16 5,000,000.00 2004.06.25 2006.06.25 10,000,000.00 2004.11.20 2006.11.20 40,000,000.00 2004 12 31 3,870,000.00 2,700,000.00 4,940,969.55 1,000,000.00 10,295,376.00 6,440,000.00 19,106,345.55 10,140,000.00 56
2004 12 31 193,749,935.34 57,282,700.00 2003-12-31 2004-12-31 26,530,222.17 4,590,530.18 -- 31,120,752.35 13,453,115.63 617,206.78 -- 14,070,322.41 13,077,106.54 3,973,323.40 -- 17,050,429.94 -- -- -- -- -- -- -- -- -- -- -- -- 154,611.09 18,409,332.79 -- 18,563,943.88 -- -- -- 154,611.09 18,409,332.79 -- 18,563,943.88 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 3,009,048.96 13,375,151.90 -- 16,384,200.86 2,417,807.98 3,717,845.07 -- 6,135,653.05 57
149,727.50 8,552,685.50 -- 8,702,413.00 31,577.96 62,167.75 -- 93,745.71 409,935.52 600,443.47 -- 1,010,378.99 -- 121,995.37 -- 121,995.37 -- 320,014.74 -- 320,014.74 3,345,471.63 -- -- 3,345,471.63 3,345,471.63 -- -- 3,345,471.63 -- -- -- -- -- -- -- -- -- -- -- -- 33,039,353.85 36,375,014.87 -- 69,414,368.72 1. 2004 5.01 4.21 0.0755 0.0755 35.86 30.11 0.5408 0.5408 37.55 31.53 0.5663 0.5663 37.97 31.88 0.5726 0.5726 2. (1) 2004 472,000.00 (2,045,360.69) 3,212,069.09 1,638,708.40 (2) = = (3) (ROE) P ROE E 0 +NP 2+E i M i M 0 -E j M j M 0 P NP E 0 E i 58
E j M 0 M i M j (4) EPS P EPS S 0 +S 1 +S i M i M 0 -S j M j M 0 P S 0 S 1 S i S j M 0 M i M j 2004 59
2004 123,879,724.32 143,505,565.26 32,704,638.78 162,134,383.14 7749,998.72 11,922,957.86 16,105,455.60 35,971,556.41 148,228,906.22 281,591,349.85 112,054,937.00 127,945,203.22 32,259,682.14 148,069,624.61 3,914,287.08 5,576,522.02 -- -- 148,228,906.22 281,591,349.85 11,824,787.32 15,560,362.04 444,956.64 14,064,758.53 3,835,711.64 6,346,435.84 16,105,455.60 35,971,556.41 -- -- 106,240,016.73 94,836,819.52 30,811,553.43 135,916,654.00 9,124,588.91 9,994,716.01 17,978,604.54 36,391,181.32 128,197,554.53 204,357,007.71 94,171,011.12 78,966,443.72 30,366,596.79 121,851,895.47 3,659,946.62 3,538,668.52 -- -- 128,197,554.53 204,357,007.71 12,069,005.61 15,870,375.80 444,956.64 14,064,758.53 5,464,642.29 6,456,047.49 17,978,604.54 36,391,181.82 -- -- 101,644,730.32 34,724,596.58 56,579,607.27 32,865,181.87 2,595,581.59 3,090,662.29 -- -- 160,819,919.18 70,680,440.74 (83,998,681.18) 15,539,764.75 (54,467,790.07) (6,464,627.67) (3,610,233.35) (1,104,073.35) (1,873,148.94) (419,625.41) (140,203,555.66) 8,390,689.14 652,475,076.4 1,202,190,202.39 1,416,374,064.54 748,679,376.78 811,279,475.83 89,699,176.40 106,697,661.61 8 665,939,349.17 1,388,093,679.09 1,668,411,852.81 592,515,971.2 753,409,164.85 866,224,907.10 729,588,480.70 721,704,198.33 72,848,981.49 85,720,783.44 8 554,072,692.56 963,330,655.76 1,119,577,197.31 60