2003 3 4 5 7 10 13 15 16 25 27 30 70 2 70

2003,, 3 70

2003 1 HUNAN LIUYANG FIREWORKS CO.,LTD 2 3 369 410300 4 369 0731-3620966 0731-3611670 liuhua@public.cs.hn.cn 5 http://www.sse.com.cn 6 600599 7 1999 12 12 2004 3 24 4300001004497 43018171704801X 19 B 4 70

2003 2003 1,687,055.05 1,008,266.15 380,275.40 60,807,398.23 4,017,614.81 1,104,608.48-22,869.37 697,500.13-92,184.19-52,952,693.43-49,445.353.83 1 697,500.13 2 3 208,182.36 4 300,366.55 5 22,674.81 2003 2002 2001 321,175,877.88 276,120,429.83 276,120,429.83 197,170,030.70 197,170,030.70 1,008,266.15 20,199,319.52 13,305,074.90 17,790,096.31 17,790,096.31 544,795,696.62 512,202,336.61 496,764,436.61 350,247,095.82 350,247,095.82 273,330,773.11 278,963,358.49 284,669,113.87 271,364,038.97 281,864,038.97 / 0.008 0.160 0.106 0.254 0.25 / 0.008 0.160 0.106 0.305 0.305 0.003 0.162 0.101 0.218 0.218 / / 2.17 2.21 2.26 3.88 4.03 2.17 2.21 2.25 3.86 4.01-0.42-0.66-0.67-0.02-0.03 / % 0.37 7.24 4.67 6.56 6.32 % 0.36 7.18 4.52 10.84 10.84 2003 100.82 1330.51 1229.69 5 70

2003 92.42% % / 60,807,398.23 22.25 21.80 0.483 0.483 1,104,608.48 0.40 0.40 0.009 0.009 1,008,266.15 0.37 0.36 0.008 0.008 380,275.40 0.14 0.14 0.003 0.003 126,000,000.00 126,000,000.00 139,719,228.63 139,719,228.63 6,442,482.79 183,652.59 6,626,135.38 2,147,494.27 61,217.53 2,208,711.80-92,597.55 824,613.56 732,016.01 284,669,113.87 1,069,483.68 11,338,340.76 273,330,773.11 6 70

2003 1 55678320 27000000 3721680 2 3 4 86400000 1 39600000 2 3 4 39600000 55678320 27000000 3721680 86400000 39600000 39600000 126000000 126000000 1 [2001]49 [2001]65 2001 7 31 A 2200 200 1.00 10.00 / [2001]127 2200 A 2001 8 28 2 3 7 70

2003 1 2003 12 31 5825 22003 12 31 10 10 4 ( ) ( ) ( ) 0 55678320 44.19 0 13500000 10.71 ( ) 0 13500000 10.71 13500000 3469320 2.75 252360 0.20 124289 0.10 112059 0.089 106400 0.084 95200 0.076 93700 0.074 1 10, 2 3 1 124289 A 0.099% 2 112059 A 0.089% 3 106400 A 0.084% 4 95200 A 0.076% 5 93700 A 0.074% 6 93617 A 0.074% 7 87040 A 0.069% 8 84614 A 0.067% 9 82529 A 0.065% 10 82000 A 0.065% : 10, 8 70

2003 4 18.87% 5 1 44.19% 2 2000 10.71% 3 6000 10.71% 2003 5 27 5 30 5 29 6 4 9 70

2003 ( ) 39 2002.12-2005.12 0 0 36 2002.12-2005.12 0 0 38 2002.12-2005.12 0 0 54 2002.12-2005.12 0 0 44 2002.12-2005.12 0 0 50 2002.12-2005.12 39 2002.12-2005.12 3469320 3469320 45 47 50 41 56 2002.12-2005.12 2002.12-2005.12 2003.6-2005.12 2003.6-2005.12 2002.12-2005.12 53 2002.12-2005.12 252360 252360 43 2002.12-2005.12 0 0 47 29 0 2002.12-2005.12 2002.12-2003.11 0 0 0 39 2002.12-2003.11 0 0 32 2003.11-2006.11 34 27 27 2003.11-2006.11 2003.11-2006.11 2003.11-2006.11 56 2002.10-2005.10 0 0 2001 11 4 10 70

2003 ( ) 1 2002 2003 2 45600 3 360 120 55 4 15-50 3 12-35 5 5-20 5 5 3000 2000 1 2003 11 22 2 2003 11 22 3 2003 11 22 2003 11 29 140 11 70

2003 % % % 69 49.29 45 32.14 50-59 23 16.43 12 8.57 66 47.14 40-49 33 23.57 22 15.71 29 20.72 30-39 34 24.29 37 26.43 29 50 35.71 1998 47 24.5% 5.5% 12 70

2003 2003 10 2003 2003 4 1 13 70

2003 2 3 4 5 14 70

2003 2002 2002 2003 4 25 1 2002 2 2002 3 2002 4 2002 2003 5 2002 6 7 2003 4 26 2003 2003 2003 6 29 2003 7 1 2003 2003 6 29 2003 7 1 15 70

2003 1 16 14 2003 2003 167.9 32117.59 26016.44 6080.74 100.83 2002 1229.68 92.42% (%) % % % 271,133,948.68 215,524,521.48 20.51 35.74 43.67-17.63 44,433,373.58 41,049,793.27 7.61-21.91-22.53 10.61 5,608,555.62 3,590,043.64 35.99 600.88 716.09-20.08 16 70

2003, (%) (%) 50,041,929.20 15.58 5,402,092.29 8.85 271,133,948.68 84.42 55,609,427.20 91.15 10% (%) 271,133,948.68 215,524,521.48 20.51 44,433,373.58 41,049,793.27 7.61 21.37% 9.02% 2002 1525.74 2002 2002 2 1 68% 2001 10 1000 3460.26 2003 4443.34 39.74 2 99% 2002 1 1000 1247.46 17 70

2003 2003 0 44.90 3 51% 2002 1 1000 15949.56 2003 2.94-229.17 4 98% 2002 4 1000 1067.28 2003 0 10.80 5 83.17% 2002 12 1000 2540.22 2003 642.79 7.48 (6) ( ) ( 100%) 2003 6612861.60 1827.37 1384.27 218.45 3 6487 33.86% 10344.12 32.21% 1 2001 7 31 A 2200 200 10 18659 10486.77 8172.23 7148.70, 2003 12 5 994 926 2004 98 2004 1 4 18 70

2003 % 3705.00 662.00 3043.00 17.87 40 4905.00 994.00 3911.00 20.27 BPP 4910.63 1827.00 3083.63 37.21 5100.00 5100.00 0 100 1903.77 1903.77 0 100 40 BPP 2 2003 3 2003 5 360 162 45% 1 2003 54479.57 49676.44 4803.13 9.67%, 2003 22034.91 15992.17 6042.74 37.79% 2003 27333.08 28466.91 1133.83 3.98% 2002 2002 2003 6080.74 4602.93 1477.81 19 70

2003 32.11% 2003 100.82 1330.51 1229.69 92.42%,, -49,445,353.83 2 2003 12 2002 12 31 12,600,000.00 12,600,000.00 12,600,000.00 2004 04 2002 1,525.74 1,525.74 38.41 56.46 56.46 2002 6,894,244.62 2002 6,894,244.62 689,424.46 344,712.23 5,860,107.93 2002 [2004]2 151 20 70

2003 2 1 6 2003 3 21 A 2002 B 2002 C 2002 D 2002 2003 E 2002 F G H 2002 2003 3 25 2003 4 25 A 2003 B 2003 4 30 21 70

2003 2003 5 28 A B 2003 2003 5 29 2003 8 25 2003 2003 2003 8 28 2003 10 18 2003 2003 10 21 2003 11 22 A B C D E F G H I J K 2003 22 70

2003 2003 11 29 2 2002 2002 2002 126000000 10 1 2003 5 27 2003 2003 7 1, 1 2003 12 31 256.07 0.00 256.07 10.71% 8.08 8.08 166.70 166.70 2051.16 1995.18 55.98 34% 34% 34% 23 70

2003 2003 12 31 100.00 34% 2003 12 31 2,,,. 24 70

2003 3 1 2003 3 21 A 2002 B 2002 2003 3 25 2 2003 4 25 2003 2003 4 30 3 2003 11 22 A B C D 2003 11 25 1 25 70

2003 2 3 4 5 6 2003 4 7 26 70

2003 1 22,086,439.01 2 990,221.36 3 2000 8 4400 1 2 3 2002 8 27 2600 2003 12 31 100 27 70

2003 4 5 5% 2003 5 27 5 30 5 29 6 4 2003 2003 35 2003 2003 10 27 2004 4 23 1 2003 11 22 2003 11 29 2 10.71% 2003 5 27 5 30 28 70

2003 5 29 6 4 29 70

2003 [2004]2-161 2003 12 31 2003 2003 2003 12 31 2003 30 70

2003 01 2003 12 31 2002 12 31 5.1 71,486,964.91 105,089,352.49 129,153,800.03 154,534,706.32 200,000.00 432,619.79 432,619.79 432,619.79 432,619.79 5.2 60,583,042.81 93,941,969.22 54,807,810.84 87,503,545.65 5.3 4,752,299.63 10,982,486.76 9,476,888.06 20,857,253.55 5.4 15,287,472.92 47,073,058.90 8,029,820.00 34,604,965.00 5.5 56,788,797.63 56,788,797.63 47,177,162.79 47,177,162.79 5.6 32,398,964.53 141,379,007.89 13,580,168.11 75,777,146.79 241,730,162.22 455,887,292.68 262,658,269.62 420,887,399.89 5.7 106,185,018.51 7,022,774.29 97,919,962.09 5,425,643.66 106,185,018.51 7,022,774.29 97,919,962.09 5,425,643.66 5.8 57,020,240.47 78,358,926.67 53,387,046.87 65,295,604.38 15,492,186.44 17,086,062.84 12,906,915.28 13,191,202.64 41,528,054.03 61,272,863.83 40,480,131.59 52,104,401.74 41,528,054.03 61,272,863.83 40,480,131.59 52,104,401.74 489,606.30 4,116,326.83 152,844.00 1,152,844.00 42,017,660.33 65,389,190.66 40,632,975.59 53,257,245.74 5.9 11,401,503.63 16,333,106.17 11,671,197.91 17,194,147.32 163,332.82 11,401,503.63 16,496,438.99 11,671,197.91 17,194,147.32 401,334,344.69 544,795,696.62 412,882,405.21 496,764,436.61 31 70

2003 01 2003 12 31 2002 12 31 5.10 78,600,000.00 83,600,000.00 44,500,000.00 44,500,000.00 5.11 16,157,529.21 1,000,000.00 12,127,859.92 5.12 42,455,298.32 46,307,007.12 29,377,089.07 33,073,325.84 5.13 7,384,815.36 8,313,618.88 9,927,140.34 10,018,644.64 100,000.00 227,111.82 396,407.79 487,114.85 5.14 1,350,047.00 1,350,047.00 21,075.00 21,075.00 5.15-7,291,892.25-7,305,598.01-644,829.02 1,343,183.25 5.16-4,731.14 6,600.00 35,198.94 69,433.40 5.17 5,547,342.92 21,592,771.09 43,601,209.22 8,281,098.75 128,040,880.21 170,349,087.11 128,213,291.34 109,921,735.65 5.18 50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 128,040,880.21 220,349,087.11 128,213,291.34 159,921,735.65 51,115,836.40 52,173,587.09 5.19 126,000,000.00 126,000,000.00 126,000,000.00 126,000,000.00 126,000,000.00 126,000,000.00 126,000,000.00 126,000,000.00 5.20 139,719,228.63 139,719,228.63 139,719,228.63 139,719,228.63 5.21 6,626,135.38 6,626,135.38 6,442,482.79 6,442,482.79 2,208,711.80 2,208,711.80 2,147,494.27 2,147,494.27 5.22 948,100.47 732,016.01-92,597.55-92,597.55 5.23 12,600,000.00 12,600,000.00 253,393.09 273,293,464.48 273,330,773.11 284,669,113.87 284,669,113.87 401,334,344.69 544,795,696.62 412,882,405.21 496,764,436.61 32 70

2003 02 2003 2002 5.24 263,786,813.59 321,175,877.88 202,982,411.65 276,120,429.83 5.24 213,343,589.76 260,164,358.39 152,870,431.05 229,272,867.18 5.25 124,481.76 204,121.26 180,209.56 818,214.69 50,318,742.07 60,807,398.23 49,931,771.04 46,029,347.96 5.26 2,337,540.59 4,017,614.81 5,990,595.49 9,663,325.34 5.27 33,517,140.73 37,323,408.34 17,732,491.71 20,009,647.31 18,943,553.40 25,195,324.14 13,750,475.67 17,612,889.96 5.28 1,428,868.48 1,201,672.08-17,690.60-54,045.61-1,233,279.95 1,104,608.48 24,457,089.75 18,124,181.64 5.29 1,828,033.20-22,869.37-3,083,879.33 138,530.75 5.30 644,433.00 697,500.13 1,140,434.92 1,140,434.92 5.31 198,182.36 208,182.36 57,300.00 57,300.00 5.32 213,018.00 300,366.55 259,140.00 284,589.68 1,224,350.61 1,687,055.05 22,311,805.34 19,175,857.63 5.33 1,653,792.11 9,006,730.44 10,422,126.70-975,003.21-4,551,343.97 1,224,350.61 1,008,266.15 13,305,074.90 13,305,074.90-92,597.55-92,597.55 4,698,088.79 4,698,088.79 1,131,753.06 915,668.60 18,003,163.691 18,003,163.69 122,435.06 122,435.06 1,330,507.49 1,330,507.49 61,217.53 61,217.53 665,253.75 665,253.75 948,100.47 732,016.01 16,007,402.45 16,007,402.45 12,600,000.00 12,600,000.00 3,500,000.00 3,500,000.00 948,100.47 732,016.01-92,597.55-92,597.55 2003 2002 1 2 3 4 5 6 33 70

2003 03 2003 273,470,517.02 349,036,487.06 57,806,808.78 57,806,808.78 3,734,920.35 37,438,258.66 335,012,246.15 444,281,554.50 306,803,731.12 421,779,560.92 10,183,924.54 13,618,851.36 10,068,033.30 15,797,021.46 5.33 74,128,704.24 46,038,814.19 401,184,393.20 497,234,247.93-66,172,147.05-52,952,693.43 175,838.38 10,000.00 175,838.38 10,000.00 3,969,955.90 16,413,219.91 6,612,861.60 1,820,000.00 10,582,817.50 18,233,219.91-10,406,979.12-18,223,219.91 147,939,006.20 152,939,006.20 147,939,006.20 152,939,006.20 113,839,006.20 113,839,006.20 15,128,193.15 17,873,910.61 128,967,199.35 131,712,916.81 18,971,806.85 21,226,089.39-59,515.80 504,470.12-57,666,835.12-49,445,353.83 34 70

2003 03 2003 1 1,224,350.61 1,008,266.15-975,003.21 80,685.05 691,842.71 2,585,271.16 3,923,062.20 269,694.28 928,043.15 162,458.40 46,211.55 3,857,165.15 3,546,572.32-1,828,033.20 22,869.37-18,818,796.42-65,601,861.10-17,941,100.55-16,703,534.43-35,601,383.13 19,998,379.46-66,172,147.05-52,952,693.43 2 3 71,486,964.91 105,089,352.49 129,153,800.03 154,534,706.32-57,666,835.12-49,445,353.83 35 70

2003 01 1 2003 6,313,900.80 691,842.71 7,005,743.51 4,842,223.78 1,207,660.40 9,049,884.18 1,471,677.02-515,817.69 955,859.33 36 70

2003 01 2 2003 1 126,000,000.00 70,000,000.00 2 56,000,000.00 3 52,500.000.00 4 5 3,500,000.00 6 10 15 126,000,000.00 126,000,000.00 16 139,719,228.63 192,219,228.63 17 18 19 20 21 22 23 30 40 52,500,000.00 41 52,500,000.00 45 139,719,228.63 139,719,228.63 46 4,294,988.52 2,964,481.03 47 122,435.06 1,330,507.49 48 122,435.06 1,330,507.49 49 122,435.06 1,330,507.49 50 51 52 53 54 55 56 57 58 62 4,417,423.58 4,294,988.52 63 4,417,423.58 4,294,988.52 64 65 66 2,147,494.27 1,482,240.52 67 61,217.53 665,253.75 68 61,217.53 665,253.75 70 71 75 2,208,711.80 2,147,494.27 76-92.597.55 4,698,088.79 77 1,008,266.15 13,305,074.90 78 183,652.59 18,095,761.24 80 732,016.01-92,597.55 81 10,500,000.00 82 12,600,000.00 83 10,500,000.00 84 12,600,000.00 37 70

2003 (1999)208 [2001]49 2001 7 31 2000 200 2200 2001 8 28 7000 2002 6 29 2002 2001 2001 2001 7000 10 0.5, 10 7.5, 12600 4300001004497 369 16 14 1 2 1 1 12 31 3 4 5 6 38 70

2003 7 1 5 1 2 10 2 3 15 3 20 8 % 9 10 39 70

2003 20% 20% 20% 20% 50% 50% 2003 3 10 2003 3, 11 2000 3 % 30 40 2.43 3.23 5 10 9.7 19.4 5 8 12.13 19.4 5 10 9.7 19.4 12 40 70

2003 13 10 14 15 16 17 18 41 70

2003 10% 5%--10% 19 1995 11 1996 2 50% 50% 20 1 2003 12 2002 12 31 12,600,000.00 12,600,000.00 12,600,000.00 2 2004 04 2002 1,525.74 1,525.74 38.41 56.46 56.46 2002 6,894,244.62 2002 6,894,244.62 689,424.46 344,712.23 42 70

2003 5,860,107.93 2002 [2004]2 151 1 17% 2 5% 3 12% 1.2% 4 7% 5 5% 6 33% 7 8 28%( 13% 15%) 1 RMB 10,000,000 267 RMB 10,000,000 5 RMB 68% 6,800,000 51% RMB 51,000,000 RMB 10,000,000 RMB 99% 369 9,900,000 RMB 22,520,000 RMB 81.1 18,270,000 3% 369 RMB 10,000,000 RMB 98% 9,800,000 USD798,000 RMB 6,612,861.60 USD798,000 RMB 6,612,861.60 100% 2 43 70

2003 2003 3 79.8 6,612,861.60 100% 1 2003 12 31 2002 12 31 32,808.62 7.07 90,824,297.49 154,534,699.25 13,377,917.71 650,273.00 1.3138 854,328.67 105,089,352.49 154,534,706.32 2 2003 12 31 2002 12 31 % % 49.03% 1 81,965,462.98 81.97 4,119,721.83 90,020,370.23 97.48 4,501,018.50 1--2 16,534,260.85 16.54 1,653,426.09 980,491.69 1.06 98,049.17 2 3 432,890.24 0.43 64,888.39 516,507.74 0.56 77,476.16 3 1,059,239.33 1.06 211,847.87 828,399.77 0.90 165,679.95 99,991,853.40 100.00 6,049,884.18 92,345,769.43 100.00 4,842,223.78 5 49,021,877.68 5% 5% 3 44 70

2003 2003 12 31 2002 12 31 % % 1 6,759,505.61 56.62 337975.29 18,227,156.20 81.63 911,357.81 1 2 4,178,840.48 35.00 417,884.04 1,201,939.05 5.38 120,193.91 2 3 2,796,835.32 12.53 419,525.30 3 1,000,000.00 8.38 200,000.00 103,000.00 0.46 20,600.00 11,938,346.09 100.00 955,859.33 22,328,930.57 100.00 1,471,677.02 46.53% 5 6,514,775.19 54.57% 5% 5% 4 2003 12 31 2002 12 31 % % 1 37,754,088.91 80.20 34,604,965.00 100.00 1 2 9,318,969.99 19.80 47,073,058.90 100.00 34,604,965.00 100.00 36.03% 5% 5% 5 2003 12 31 2002 12 31 56,788,797.63 47,177,162.79 45 70

2003 6 2003 12 31 2002 12 31 1,531,005.64 1,205,006.48 35,505,930.10 14,715,301.35 749,886.35 658,945.47 631,859.94 4,743.91 1,917,064.42 1,697,682.91 101,043,261.44 57,495,466.67 141,379,007.89 75,777,146.79 86.57% 43,547,794.77 20,790,628.75 7 2002 12 31 2003 12 31 1,105,000.00 1,597,130.63 2,702,130.63 4,320,643.66 4,320,643.66 5,425,643.66 1,597,130.63 7,022,774.29 1998.9 2028.9 1,288,018.34 34% 2003.5 2007.5 1,620,000.00 45% 2,908,018.34 2003 5 46 70

2003 360 162 45% 1993.7 2008.7 300,000.00 10% 1994.7 2006.7 600,000.00 10% 1995.9 2010.9 300,000.00 10% 1996.8 1,120,643.66 30% 2002.11 2020.11 2,000,000.00 10% 4,320,643.66 2002 2003 12 31 12 31 1,288,018.34 1,105,000.00-68,999.74-252,018.08 1,036,000.26 1,620,000.00 1,620,000.00 46,130.37 46,130.37 1,666,130.37 2,908,018.34 1,105,000.00 1,620,000.00-22,869.37-205,887.71 2,702,130.63 8 47 70

2003 2002 12 31 2003 12 31 51,547,637.29 4,842,170.99 56,389,808.28 7,181,063.26 7,769,198.12 14,950,261.38 102,004.75 64,419.65 26,468.60 139,955.80 6,323,789.08 459,947.08 47,944.95 6,735,791.21 141,110.00 2,000.00 143,110.00 65,295,604.38 13,137,735.84 74,413.55 78,358,926.67 7,639,136.39 1,903,784.37 9,542,920.76 2,971,854.10 1,007,350.35 3,979,204.45 28,772.31 25,231.60 20,364.32 33,639.59 2,528,129.19 959,061.88 7,837.68 3,479,353.39 23,310.65 27,634.00 50,944.65 13,191,202.64 3,923,062.20 28,202.00 17,086,062.84 43,908,500.90 46,846,887.52 4,209,209.16 10,971,056.93 73,232.44 106,316.21 3,795,659.89 3,256,437.82 117,799.35 92,165.35 52,104,401.74 61,272,863.83 48 70

2003 9 326,113.11 326,113.11 1,101,825.82 200,000.00 901,825.82 70% 1,000,000.00 1,724,894.71 2,724,894.71 65% 152,844.00 336,762.30 489,606.30 1,152,844.00 3,489,595.94 526,113.11 4,116,326.83 10 2002 12 31 2003 12 31 1,927,483.00 1,802,331.62 38,549.66 163,701.04 1,763,781.96 45.75 108,577.00 101,691.94 2,171.54 9,056.60 99,520.40 45.83 1,565,493.00 1,466,222.99 31,309.86 130,579.87 1,434,913.13 45.83 5,229,803.00 4,897,824.02 104,596.06 436,575.04 4,793,227.96 45.83 3,556,408.00 3,329,475.34 71,128.16 298,060.82 3,258,347.18 45.83 109,695.00 73,652.00 21,939.00 57,982.00 51,713.00 2.36 1,458,564.00 1,429,392.72 31,189.02 60,360.30 1,398,203.70 44.83 1,303,802.00 1,243,556.69 53,802.00 27,159.85 33,603.16 1,270,198.84 47.25 3,000,000.00 2,850,000.00 600,000.00 750,000.00 2,250,000.00 3.75 13,200.00 13,200.00 13,200.00 18,273,025.00 17,194,147.32 67,002.00 928,043.15 1,939,918.8 3 16,333,106.17 49 70

2003 11 2002 12 31 2003 2003 2003 12 31 244,999.24 244,999.24 81,666.42 163,332.82 244,999.24 244,999.24 81,666.42 163,332.82 3 12 2003 12 31 2002 12 31 19,000,000.00 15,000,000.00 21,600,000.00 7,500,000.00 13,000,000.00 15,500,000.00 30,000,000.00 6,500,000.00 83,600,000.00 44,500,000.00 87.87% 2050 110 1300 800 500 13 50 70

2003 2003 12 31 2002 12 31 16,157,529.21 12,127,859.92 16,157,529.21 12,127,859.92 33.23% 14 2003 12 31 2002 12 31 46,307,007.12 33,073,325.84 40.00% 5% ( 5%) 15 2003 12 31 2002 12 31 8,313,618.88 10,018,644.64 5% ( 5%) 16 2003 12 31 2002 12 31 1,350,047.00 21,075.00 -- -- 1,350,047.00 21,075.00 51 70

2003 17 2003 12 31 2002 12 31 406,673.40 126,294.55 233,507.77-31,515.88 103,206.73 269,513.96 451,449.17 3,528.00 231,947.61 5,623.81 171,065.35 13,743.19 13,118.90 180,917.00-8,143,605.55 2,117.23-7,305,598.01 1,343,183.25 18 2003 12 31 2002 12 31 6,600.00 69,433.40 19 2003 12 31 2002 12 31 21,592,771.09 8,281,098.75 160.75% 1500 52 70

2003 5% ( 5%) 591,485.44 20 2003 12 31 2002 12 31 50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 269,169 9460 5000 5000 21 2003 12 31 2002 12 31 3,341,778.80 3,297,349.97 43,218,620.77 44,341,567.12 117,926.12 113,436.48 4,231,782.37 4,217,665.55 205,728.34 203,567.97 51,115,836.40 52,173,587.09 53 70

2003 22 2002 12 31 + - 2003 12 31 186,400,000 86,400,000 55,678,320 55,678,320 27,000,000 27,000,000 2 3 4 86,400,000 86,400,000 1 39,600,000 39,600,000 2 3 4 39,600,000 39,600,000 126,000,00 126,000,000 [2002]2-13 23 2002 12 31 2003 12 31 139,719,228.63 139,719,228.63 139,719,228.63 139,719,228.63 24 54 70

2003 2002 12 31 2003 12 31 4,294,988.52 122,435.06 4,417,423.58 2,147,494.27 61,217.53 2,208,711.80 6,442,482.79 183,652.59 6,626,135.38 25 2003 2002 1,008,266.15 13,305,074.90-92,597.55 4,698,088.79 915,668.60 18,003,163.69 122,435.06 1,330,507.49 61,217.53 665,253.75 732,016.01 16,007,402.45 12,600,000.00 3,500,000.00 732,016.01-92,597.55 [2004]04 2002 6,894,244.62 2002 26 2003 12 31 2002 12 31 12,600,000.00 2003 12 55 70

2003 27 2003 12 31 2002 12 31 ( ) 253,393.09 28 2003 2002 271,133,948.68 215,524,521.48 199,751,890.95 150,008,519.90 3,230,520.70 2,628,403.38 44,433,373.58 41,049,793.27 56,897,331.49 52,984,943.49 15,440,465.00 23,211,092.34 5,608,555.62 3,590,043.64 800,221.69 439,908.07 321,175,877.88 260,164,358.39 276,120,429.83 229,272,867.18 103,441,245.31 32.21% 29 2003 2002 86,924.61 368,253.41 233,507.77 52,143.05 126,564.54 65,053.60 89,888.97 204,121.26 818,214.69 30 2003 56 70

2003 5,061,447.87 4,433,149.92 628,297.95 2,718,133.98 2,550,179.79 167,954.19 7,634,956.39 6,088,182.86 1,546,773.53 32,460.00 32,460.00 705,130.80 116,778.32 588,352.48 6,740,051.92 5,686,275.26 1,053,776.66 22,892,180.96 18,874,566.15 4,017,614.81 2002 6,390,810.43 6,068,947.40 321,863.03 11,101,448.85 10,559,455.72 541,993.13 3,845,394.31 2,180,609.20 1,664,785.11 1,928,096.74 327,776.45 1,600,320.29 1,416,626.57 205,834.63 1,210,791.94 2,581,869.20 154,352.21 2,427,516.99 535,511.20 32,130.67 503,380.53 1,467,937.32 75,263.00 1,392,674.32 29,267,694.62 19,604,369.28 9,663,325.34 31 2003 2002 37,323,408.34 20,009,647.31 86.53% 12,817,425.40 57 70

2003 32 2003 2002 3,883,688.15 2,181,355.69 2,507,063.15 2,262,794.24-251,077.03-118,824.67 76,124.11 146,217.61 1,201,672.08-54,045.61 33 2003 2002-22,869.37 138,530.75-22,869.37 138,530.75 34 2003 2002 697,500.13 1,140,434.92 1999 079 35 2003 2002 10,000.00 198,182.36 57,300.00 208,182.36 57,300.00 58 70

2003 36 2003 2002 235,518.00 146,140.00 46,211.55 18,449.68 120,000.00 18,637.00 300,366.55 284,589.68 37 2003 2002 1,653,792.11 10,422,126.70 38 2003 2002 24,234,326.61 11,785,801.01 708,722.23 1,126,166.53 939,751.95 711,975.58 436,924.23 554,320.24 1,716,043.79 777,709.38 1,894,202.74 1,051,414.30 16,108,842.64 14,657,429.61 46,038,814.19 30,664,816.65 1 59 70

2003 2003 12 31 2002 12 31 % % 1 59,575,167.53 92.87 2,978,758.38 55,603,807.28 95.99 2,780,190.36 1 2 3,079,155.95 4.80 307,915.60 980,491.69 1.69 98,049.17 2 3 432,890.24 0.68 64,888.39 516,507.74 0.89 77,476.16 3 1,059,239.33 1.65 211,847.87 828,399.77 1.43 165,679.95 64,146,453.05 100.00 3,563,410.24 57,929,206.48 100.00 3,121,395.64 5 34,523,825.38 53.82% 5% 5% 2 2003 12 31 2002 12 31 % % 1 2,299,743.60 43.69 114,987.18 6,247,824.11 60.37 312,391.21 1 2 1,963,936.90 37.31 196,393.69 1,201,939.05 11.61 120,193.91 2 3 2,796,835.32 27.02 419,525.30 3 1,000,000.00 19.00 200,000.00 103,000.00 1.00 20,600.00 5,263,680.50 100.00 511,380.87 10,349,598.48 100 872,710.42 49.14% 5 4,280,202.03 81.32% 5% 5% 3 60 70

2003 2002 12 31 2003 12 31 92,494,318.43 8,509,894.54 175,838.38 100,828,374.59 1,105,000.00-68,999.74 1,036,000.26 4,320,643.66 4,320,643.66 97,919,962.09 8,440,894.80 175,838.38 106,185,018.51 2003 12 31 2001.10 6,800,000.00 68% 7,101,279.96 2002.1 51,000,000.00 51% 44,982,646.11 2002.1 9,900,000.00 99% 11,674,685.71 2002.11 18,270,000.00 81.13% 18,191,674.85 2002.4 9,800,000.00 98% 10,080,688.40 2052.4 ( ) 6,612,861.60 100% 8,797,399.56 102,382,861.60 100,828,374.59 (3) 2003 12 31 1998.9 1,288,018.34 34% 1,036,000.26 2028.9 1,288,018.34 1,036,000.26 61 70

2003 1993.7 2008.7 300,000.00 10% 1994.7 2006.7 600,000.00 10% 1995.9 2010.9 300,000.00 10% 1996.8 1,120,643.66 30% 2002.11 2020.11 2,000,000.00 10% 4,320,643.66 2002 12 31 6,800,000.00 7,006,868.69 270,249.65 175,838.38 301,279.96 1,288,018.34 1,105,000.00-68,999.74-252,018.08 51,000,000.00 46,151,427.01-1,168,780.90-6,017,353.89 9,900,000.00 11,230,211.53 444,474.18 1,774,685.71 18,270,000.00 18,130,980.74 60,694.11-78,325.15 9,800,000.00 9,974,830.46 105,857.94 280,688.40 ( ) 6,612,861.60 6,612,861.60 2,184,537.96 2,184,537.96 103,670,879.94 93,599,318.43 6,612,861.60 1,828,033.20 175,838.38-1,806,505.09 62 70

2003 4 2003 2002 263,786,813.59 213,343,589.76 199,751,890.95 150,242,027.67 3,230,520.70 2,628,403.38 263,786,813.59 213,343,589.76 202,982,411.65 152,870,431.05 103,441,245.31 39.21% 5 2003 2002 1,828,033.20-3,083,879.33 1,828,033.20-3,083,879.33 ( ) 1 A 5,567.83 44.19% 63 70

2003 B 1000 68% 1000 51% 1000 99% 2252 81.13% 1000 98% ( ) 79.8 100% 2 2002 12 31 2003 12 31 1000 1000 1000 1000 1000 1000 2252 2252 1000 1000 ( ) 79.8 79.8 3 2002 12 31 2003 12 31 680 680 510 510 990 990 1827 1827 980 980 ( ) 79.8 79.8 64 70

2003 4 325 360 34% 45% ( ) 2000 10.71% 5000 10.71% 1 2003 2002 22,086,439.01 20,445,028.83 2 2003 2002 990,221.36 930,989.41 3 2003 12 31 100 65 70

2003 4 2003 12 31 2002 12 31 80,806.00 112,653.12 ( ) 2,560,673.44 1,667,035.04 1,667,035.04 559,839.68 432,619.79 432,619.79 532,595.99 936,830.29 ( ) 591,485.44 561,811.86 173,895.05 1 269,169 9460 5000 2003 12 31 5000 2 15,630.74 55,994.43 2740 2003 12 31 1900 3 2003 12 31 2050 4 450 2003 12 31 110 5 2002 8 27 2600 2003 12 31 100 66 70

2003 1 2004 4 7 2003 56,580,017.16 2 1 2003 2002 2.68 3.83 1.85 3.14 (%) 31.90 31.05 ( ) 3.54 4.78 ( ) 2.40 4.93 (%) 0.42 0.59 (%) 0.84 1.03 2.169 2.259-0.420-0.666 2 67 70

2003 (%) ( ) 2003 22.25 21.80 0.483 0.483 0.40 0.40 0.009 0.009 0.37 0.36 0.008 0.008 0.14 0.14 0.003 0.003 2002 16.17 16.20 0.365 0.365 6.37 6.38 0.144 0.144 4.67 4.68 0.106 0.106 4.46 4.47 0.101 0.101 3 2003 208,182.36 208,182.36 300,366.55 22,674.81 277,691.74 697,500.13 697,500.13 605,315.94 22,674.81 627,990.75 2002 57,300.00 18,909.00 38,391.00 284,589.68 93,914.59 190,675.09 1,140,434.92 376,343.52 764,091.40 913,145.24 301,337.93 611,807.31 68 70

2003 2003 2002 2001 2.68 / 3.83 4.51 1.85 / 3.14 4.25 2.40 / 4.93 11.42 3.54 / 4.52 7.49 31.90 % / 32.19 18.62 % 0.42 / 0.59 0.03 % 0.84 / 1.03 0.03 2.169 / 2.26 4.03 0.008 / 0.11 0.25 0.37 % / 4.67 6.32 /-0.42-0.67-0.03 69 70

2003 1 2003 2 3 4 70 70