2002 00
3 4 5 8 9 10 12 18 18 19 19 2
1 Shandong Zibo Huaguang Ceramics Co.,Ltd. 2 3 0533-2061079 0533-2061404 6 255076 4 6 http://www.huaguanggroup.com hggroup@public. zbptt.sd.cn 5 : http://www.cninfo.com 6 000655 7 1989 6 20 2002 2 27 3700001805174 370303164100307 2006 5 3
1 28699767.97 18070418.08 16154853.60 91822286.28 1034003.77 28463055.67 172167.76 64544.54-25170675.05 184861068.80 1 64544.54 2 2257766.67 3-406746.73 2 2002 2001 2000 305808015.79 300287919.05 324764147.92 18070418.08 24826510. 60 24067613.71 1646856217.00 1292725431.71 1183623591.59 537952769.50 379591612.83 373651274.18 0.11 0.20 0.19 3.32 3.01 2.97 2.99 2.84 2.67 3.36 6.54 6.44 0.12 0.20 0.19 0.10 0.15 0.14-0.16 1.49 0.02 (12) (%) 4.52 6.43 6.49 (13) (%) 4.04 4.85 4.78 % 17.07 22.98 0.5667 0.6342 5.29 7.12 0.1757 0.1966 3.36 4.52 0.1115 0.1248 3.00 4.04 0.0997 0.1116 1 = / = / -- 4
= - / = / = / 100 2 9 3 125907813.00 119813628.80 44176241.61 23138102.40 89693929.42 379591612.83 36126171.00 131152437.79 3614083.62 1807041.81 18070418.08 188963110.49 0.00 0.00 0.00 0.00 30601953.82 30601953.82 162033984.00 250966066.59 47790325.23 24945144.21 77162393.68 537952769.50 : 1 2002 7 30 2001 10 1.5 18886171.00 2002 12 3 17240000.00 2 2002 12 3 17240000 156884000.00 17240000.00 8491562.21 131152437.79 3 2002 10% 10% 4 2002 2002 2002 7 30 2001 10 1.5 18886171.00 10 0.50 8101699.20 1 1 5
+ - 1 2 3 4 1 2 3 4 48,598,000 27,326,093 14,883,720 50,800 90,858,613 35,049,200 35,049,200 7,289,700 4,098,913 22,32,558 7,620 13,628,791 5,257,380 7,489,938 4,066 5,800 9,866 17,230,134 17,240,000-17,120,344 +17,120,344 55,887,700 31,425,006 64,220 87,376,926, 74,657,058 74,657,058 125,907,813 18,886,171 17,240,000 162,033,984 6
2 1999 6 22 [1999]95 1999 9 29 23,255,813 8,372,093 14,883,720 1.29:1 2000 1 26 1998 9313.2 10 3 11.8 952 142 810 2000 4 6 2002 5 30 2001 2001 2001 12 31 125,907,813, 10 1.5 1.50 2002 7 30 [2002]13 2002 11 27 9.10 / 17 240 000 2002 12 17 2002 12 15 10:1.5 2002 12 3, 14,883,720 1,712,0344, 2002 12 30 2002 12 25 2 1 2002 12 31, 24054 2 5% 5% 7
% 4859.8 728.97 5588.77 34.49 5% % 1 55,887,700 34.49 2 6,828,700 4.21 3 4,012,410 2.48 4 3,891,279 2.40 5 3,031,400 1.87 6 1,782,500 1.1 7 1,725,000 1.06 8 1,380,000 0.85 9 1,265,000 0.78 10 1,150,000 0.71, 1 1 40 2000.4-2003.4 7020 2253 9273 48 2000.4-2003.4 7020 1053 8073 51 2000.4-2003.4 4680 1502 6182 41 2000.4-2003.4 4680 1502 6182 48 2000.4-2003.4 4680 1502 6182 46 2000.4-2003.4 4680 1502 6182 34 2000.4-2003.4 0 0 0 36 2002.6-2003.6 0 0 0 64 2002.6-2003.6 0 0 0 46 2000.4-2003.4 4680 702 5382 44 2000.4-2003.4 4680 1502 6182 53 2000.4-2003.4 0 0 0 8
40 2000.4-2003.4 4000 1200 5200 49 2000.4-2003.4 0 0 0 49 2000.4-2003.4 0 0 0 10:1.5 2 2000 50.93 14.24 14.24 5-7 1 4-5 2 3-4 10 1-3 2 3 3 2002 6 30 2002 4 2 3632 2760 75.99% 235 6.47% 338 9.31% 52 1.43% 247 6.80% 267 770 21.2% 1 2003 6 30 9
2 2002 6 30 2002 3 4 2002 1 2001 1 2002 4 26 2001 2002 5 31 2001 9 5557.344 12590.7813 44.13% 2 2001 10
2001 2001 2001 2001 2001 2002 5 31 3 2 2002 1 2002 5 30 2002 2002 6 30 2002 6 5456.574 12590.7813 43.33% 2 2002 7 2 3 2002 1 2002 10 9 2002 2002 11 9 6 5456.574 14479.3984 38.63 % 11
2 5000 5000 2002 11 12 1 A 4 5 TARJET 863 863 25 53795.28 2001 37959.16 15836.12 41.72 % 1724 2003 2 1 2002 30580.80 1.84% 9182.23 30.46% 2869.98 9.32% 1807.04 27.21% 10796.12 4814.17 18379.38 3808.05 12
10% % 107961207.19 59819458.53 44.59 183793782.07 145713286.10 20.72 18.9% 2 % 1057 68.12 11980 98 USD24 75 5869 108 USD80 75 4493 128 1456 75 7383-370 500 98 3623-3 7180 100 57391 453 10% 3 9.41% 18.01% 4 WTO 3 13
1 3168.64 2001 811.63 3980.27 10370578.75 21125788.67 50 95000 95000 2 455.82 200 20% 4 2002 164685.62 27.39% 53795.28 41.72% 9182.23 30.46% 1807.04 27.21% 18486.11 7.81% 1 18.9% 14
5 A, TARJET 60-90 232 10000 3168 15% 33% 2 3 5 2003 1, 15
2, 3 6 1 2002 1 25 2002 3 4 2002 3 23 2001 2001 2001 2001 2002 4 24 2002 2001 2002 5 31 2001 2002 5 29 2002 6 22 16
2002 8 19 2002 2002 9 29 2002 9 28 5000 5000 5 2002 10 25 2002 2002 11 26 (11) 2002 12 10 469.2 PHOENIX JAPAN DSCOM 2003 1 13 2003 2 2001 2002 5 30 2001 2001 2001 12 31 125,907,813, 10 1.5 1.50 2002 7 23, 2002 7 30 2002 [2002]13 2002 11 27 9.10 / 17 240 000 2002 12 17 2002 12 15 7 2002 18070418.08 10% 1807041.81 10% 1807041.81 89693929.42 104150263.88 2002 12 31 16203.3984 10 2 0.50 10 4 17
1 2002 1 25 2002 3 23 2001 2001 2002 3 26 2002 6 22 2002 8 19 2002 2002 8 22 2 2002 1 2 2002 3 2002 4 1 2 3 4 18
5 2002 9 28 5 000 RMB 6 5% 7 2002 4 26 35 8 2002 12 10 PHOENIX JAPAN DSCOM 13,800,000.00 4,692,000.00 34% 2002 [2003]40 1 2 3 4 5 6 19
[2003]40 2002 12 31 2002 2002 12 31 2002 2002 3 26 20
2002-12-31 2001-12-31 : :.1 427,597,539.22 404,532,918.59 242,736,470.42 220,132,299.14 -- -- -- -- -- -- -- -- -- -- -- --.2 210,361,039.79 66,660,134.42 172,755,450.43 48,911,612.55.3 117,249,689.21 394,941,175.45 118,456,547.61 298,228,462.46.4 42,793,728.90 19,313,149.85 44,756,921.96 24,741,324.98 -- -- -- --.5 334,247,457.28 133,910,433.19 251,799,893.51 106,005,388.85.6 -- -- 130,551.03 -- -- -- -- -- 1,132,249,454.40 1,019,357,811.50 830,635,834.96 698,019,087.98 :.7 36,091,976.73 147,093,141.62 33,975,968.97 143,163,423.91.7 24,100.00 24,100.00 24,100.00 24,100.00 36,116,076.73 147,117241.62 34,000,068.97 143,187,523.91 : -- -- -- -- -- -- -- -- : -- -- -- --.8 496,313,217.36 146,718,398.16 392,407,267.67 123,378,976.79 :.8 113,096,222.57 40,360,862.86 94,892,024.85 41,952,068.46 383,216,994.79 106,357,535.30 297,515,242.82 81,426,908.33 :.9 3,009,048.96 3,009,048.96 3,009,048.96 3,009,048.96 380,207,945.83 103,348,486.34 294,506,193.86 78,417,859.37 -- -- -- --.10 87,585,640.89 65,317,308.53 122,286,687.53 32,314,430.68 -- -- -- -- 467,793,586.72 168,665,794.87 416,792,881.39 110,732,290.05 : -- -- -- --.11 10,697,099.15 9,906,390.95 11,296,646.39 10,148,600.03 -- -- -- -- -- -- -- -- 10,697,099.15 9,906,390.95 11,296,646.39 10,148,600.03 : -- -- -- -- -- -- -- -- 1,646,856,217.00 1,345,047,238.94 1,292,725,431.71 962,087,501.97 21
( 2002-12-31 2001-12-31 : :.12 291,149,500.00 237,849,500.00 181,117,526.43 134,687,526.43.14 163,190,000.00 132,090,000.00 125,319,700.00 94,019,700.00.15 114,285,305.18 63,538,889.96 121,237,501.07 59,096,366.71.16 54,291,965.41 24,956,526.32 51,360,294.87 25,444,509.27 -- -- 2,293,476.05 1,874,441.85 (1,638,574.98) (2,143,074.40) (1,994,559.20) (2,665,505.42).17 8,101,699.20 8,101,699.20 18,886,171.95 18,886,171.95.18 39,484,005.07 (9,124,642.58) 34,963,562.51 (9,752,144.65).19 1,557,333.32 157,179.64 1,445,982.46 153,214.82.20 53,302,512.43 29,795,796.30 77,355,216.66 28,932,918.99 -- -- -- -- -- -- -- --.13 31,340,000.00 15,940,000.00 19,650,000.00 13,650,000.00 755,063,745.63 501,161,874.44 631,634,872.80 364,327,199.95 : -- -- -- --.21 338,282,700.00 304,962,700.00 256,816,481.19 208,096,481.19 -- -- 147,763.00 147,763.00 -- -- -- --.22 969,895.00 969,895.00 9,924,445.00 9,924,445.00 -- -- -- -- 339,252,595.00 305,932,595.00 266,888,689.19 218,168,689.19 -- -- -- -- -- -- -- -- 1,094,316,340.63 807,094,469.44 898,523,561.99 582,495,889.14 : -- -- -- --.34 14,587,106.87 -- 14,610,256.89 -- : -- -- -- --.23 162,033,984.00 162,033,984.00 125,907,813.00 125,907,813.00.24 250,966,066.59 250,966,066.59 119,813,628.80 119,813,628.80.25 47,790,325.23 47,790,325.23 44,176,241.61 44,176,241.61 :.25 24,945,144.21 24,945,144.21 23,138,102.40 23,138,102.40 -- -- -- --.26 77,162,393.68 77,162,393.68 89,693,929.42 89,693,929.42 -- -- -- -- 537,952,769.50 537,952,769.50 379,591,612.83 379,591,612.83 1,646,856,217.00 1,345,047,238.94 1,292,725,431.71 962,087,501.97 ( ) 22
2002 2001 :..27 305,808,015.79 114,758,825.96 300,287,919.05 166,244,111.76 :.27 212,772,536.79 69,942,151.08 229,021,926.98 131,023,233.30 1,213,192.72 606,315.71 881,108.12 655,811.92. 91,822,286.28 44,210,359.17 70,384,883.95 34,565,066.54 :.28 1,034,003.77 1,476,271.67 4,509,491.00 1,062,396.57 : 14,701,596.48 10,015,087.33 15,212,759.78 9,862,905.21 26,266,098.35 12,605,809.03 18,299,093.36 7,170,848.50.29 23,425,539.55 1,028,211.10 17,023,782.87 3,712,714.92. 28,463,055.67 22,037,523.38 24,358,738.94 14,880,994.48 :.30 172,167.76 3,985,877.71 4,973,956.05 9,708,989.07.31 -- -- 3,120,000.00 3,120,000.00.32 743,617.19 62,937.82 336,872.20 20,206.70 :.33 679,072.65 482,630.47 1,138,636.57 654,937.15. 28,699,767.97 25,603,708.44 31,650,930.62 27,075,253.10 : 10,652,499.91 7,533,290.36 6,750,709.86 2,248,742.50 (23,150.02) -- 73,710.16 -- -- -- -- --. 18,070,418.08 18,070,418.08 24,826,510.60 24,826,510.60 : 89,693,929.42 89,693,929.42 88,718,892.89 88,718,892.89 -- -- -- --. 107,764,347.50 107,764,347.50 113,545,403.49 113,545,403.49 : 1,807,041.81 1,807,041.81 2,482,651.06 2,482,651.06 1,807,041.81 1,807,041.81 2,482,651.06 2,482,651.06. 104,150,263.88 104,150,263.88 108,580,101.37 108,580,101.37 : -- -- -- -- -- -- -- -- 8,101,699.20 8,101,699.20 18,886,171.95 18,886,171.95 18,886,171.00 18,886,171.00 -- --. 77,162,393.68 77,162,393.68 89,693,929.42 89,693,929.42 1 -- 612,864.57 2 -- -- 3 -- -- 4 -- -- 5 -- -- 6 -- -- 23
2002 : : 320,146,200.32 110,826,438.73 -- -- 7,415,156.37 7,014,484.72 327,561,356.69 117,840,923.45 243,849,818.47 35,459,038.49 33,397,660.66 19,302,253.78 33,763,853.03 24,787,791.95 41,720,699.58 86,253,540.73 352,732,031.74 165,802,624.95 (25,170,675.05) (47,961,701.50) : -- -- -- 56,160.00 56,160.00 1,083,088.16 345,996.14 -- -- 1,139,248.16 402,156.14 80,345,759.17 66,282,317.38 2,000,000.00 -- -- -- 82,345,759.17 66,282,317.38 (81,206,511.01) (65,880,161.24) : -- -- 148,392,437.79 148,392,437.79 236,641,418.81 229,771,418.81 -- -- 385,033,856.60 378,163,856.60 74,909,429.79 61,035,202.46 18,886,171.95 18,886,171.95 -- -- 93,795,601.74 79,921,374.41 291,238,254.86 298,242,482.19 -- -- 184,861,068.80 184,400,619.45 -- 24
( ) 2002 1. : : 18,070,418.08 18,070,418.08 : (23,150.02) 2,323,323.26 680,160.51 28,693,599.46 8,010,270.89 730,098.27 242,209.08 130,551.03 ( : ) (431,633.78) (7,454.47) 32,380,089.55 24,559,228.95 ( : ) (172,167.76) (3,985,877.71) ( : ) (82,447,563.77) (27,905,044.34) ( : ) ( : ) (36,889,412.19) (109,713,220.24) ( : ) 12,465,172.82 42,087,607.75 (25,170,675.05) (47,961,701.50) 2. : 3. 427,597,539.22 404,532,918.59 : 242,736,470.42 220,132,299.14 : : 184,861,068.80 184,400,619.45 ( ) 25
2002 [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]148 952 142 810 2001 3 13 125,907,813 2002 10 29 2001 18,886,171 144,793,984 2002 12 11 [2002]13 17,240,000 921,187 16,318,813 162,033,984 1. 2. 1 1 12 31 3. 4. 5. 6. 26
7. 8. a. ; b. 6% 9. 10. 11. a. b. 5 c. 20% 20% 20% 20%( 20%) 20% a. b. 27
c., 12. 2000 3% ( ) 30-15 11 15 10-7 6-5 10-5 15 3.23-6.47 8.82 6.47 9.70-13.86 16.17-19.40 9.70-19.40 6.47 13. 3 14. 50 5-10 28
15 a. b. 3-5 16 (1) a. b. c. (2) a. b. (3) 3 (4) 17. a. b. c. a. b. 18. ( ) 29
19. 20. 50% 50% [1999]10 (1) (2) 17% 7% 3% 24-33% 24% 33% (%) ( ) ( ) 1057 68.12 -- 720 USD24 75 -- USD18 USD80 75 -- USD60 30
500 60 -- 300 1456 75 -- 1092 500 98 -- 490.. 7180 93.20 6.80 6692 1. 2002-12-31 2001-12-31 RMB 85,104.98 85,104.98 21,489.20 21,489.20 USD -- -- -- -- 85,104.98 21,489.20 RMB 345,538,995.57 345,538,995.57 85,859,734.81 85,859,734.81 USD 56,792.29 474,400.20 207,936.30 1,728,105.70 346,013,395.77 87,587,840.51 RMB 81,499,038.47 81,499,038.47 155,127,140.71 155,127,140.71 427,597,539.22 242,736,470.42 76% 10,183,930.70 71,315,107.77 2. 2002-12-31 1 118,498,921.59 52.95 7,109,935.30 111,388,986.29 1-2 39,204,371.02 17.52 2,352,262.26 36,852,108.76 2-3 34,787,074.25 15.54 2,087,224.45 32,699,849.80 3 31,297,973.34 13.99 1,877,878.40 29,420,094.94 223,788,340.20 100.00 13,427,300.41 210,361,039.79 2001-12-31 1 103,005,898.74 56.05 6,180,353.92 96,825,544.82 1-2 44,291,617.80 24.10 2,657,497.07 41,634,120.73 2-3 26,214,238.85 14.26 1,572,854.33 24,641,384.52 3 10,270,638.68 5.59 616,238.32 9,654,400.36 183,782,394.07 100.00 11,026,943.64 172,755,450.43 2002 12 31 5,111,060.54 2002 4,886,171.42 2002 4,319,275.95 2002 4,267,188.29 2002 3,496,235.61 2001-2002 5%( 5%) 31,297,973.34 31
3. 2002-12-31 1 70,909,909.74 56.85 4,254,594.59 66,655,315.15 1-2 13,236,239.98 10.61 794,174.40 12,442,065.58 2-3 18,896,876.84 15.15 1,133,812.61 17,763,064.23 3 21,690,685.37 17.39 1,301,441.12 20,389,244.25 124,733,711.93 100.00 7,484,022.72 117,249,689.21 2001-12-31 1 66,608,570.96 52.86 3,996,514.25 62,612,056.71 1-2 36,680,207.12 29.11 2,200,812.43 34,479,394.69 2-3 16,844,107.12 13.36 1,010,646.43 15,833,460.69 3 5,884,718.64 4.67 353,083.12 5,531,635.52 126,017,603.84 100.00 7,561,056.23 118,456,547.61 2002 12 31 29,193,092.19 2002 6,088,180.02 2000 5,949,994.03 2002 4,588,082.55 2002 4,092,126.56 2000 5%( 5%) 21,690,685.37 4. 2002-12-31 2001-12-31 1 24,886,558.06 58.15 30,785,297.01 68.78 1-2 6,744,876.01 15.76 9,387,027.06 20.97 2-3 8,001,670.46 18.70 1,605,816.13 3.59 3 3,160,624.37 7.39 2,978,781.76 6.66 42,793,728.90 100.00 44,756,921.96 100.00 2002 12 31 2,401,743.26 2002 1,239,356.03 2002 1,873,371.61 2002 1,280,000.00 2002 1,048,952.98 2002 5%( 5%) 32
5. 2002-12-31 2001-12-31 125,933,886.97 26,248.93 125,907,638.04 78,497,095.55 11,986.70 78,485,108.85 6,628,934.08 -- 6,628,934.08 5,183,613.94 -- 5,183,613.94 169,387,336.33 154,611.09 169,232,725.24 142,450,839.87 190,654.63 142,260,185.24 407,597.12 -- 407,597.12 1,050.00 -- 1,050.00 32,070,562.80 -- 32,070,562.80 26,068,804.85 198,869.37 25,869,935.48 334,428,317.30 180,860.02 334,247,457.28 252,201,404.21 401,510.70 251,799,893.51 2001-12-31 2002-12-31 11,986.70 14,262.23 -- 26,248.93 190,654.63 -- 36,043.54 154,611.09 198,869.37 -- 198,869.37 -- 401,510.70 14,262.23 234,912.91 180,860.02 33% 6. 2001-12-31 2002-12-31 130,551.03 -- 130,551.03 -- 7. (1) 2001-12-31 2002-12-31 33,975,968.97 2,000,000.00 (116,007.76) 36,091,976.73 -- -- -- -- 33,975,968.97 2,000,000.00 (116,007.76) 36,091,976.73 24,100.00 -- -- 24,100.00 -- -- -- -- 24,100.00 -- -- 24,100.00 34,000,068.97 2,000,000.00 (116,007.76) 36,116,076.73 (2) a. 2001-12-31 2002-12-31 864,000.00 1,040,000.00 1,040,000.00 -- 1,040,000.00 b. 2001-12-31 2002-12-31 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 33,400,000.00 -- 35,400,000.00 33
c. 2001-12-31 ( ) 2002-12-31 (464,031.03) -- (116,007.76) (348,023.27) (3) a. 24,100.00 8. : 2002-1-1 * 2002-12-31 122,861,251.45 64,525,900.97 1,024,400.33 186,362.752.09 45,028,781.04 2,785,275.07 376,137.23 47,437,918.88 7,785,551.60 1,513,107.45 18,238.85 9,280,420.20 178,119,868.05 34,436,491.95 4,586,796.25 207,969,563.75 8,832,819.57 743,899.23 1,581,936.96 7,994,781.84 9,445,447.35 875,304.80 187,49150 10,143,260.65 20,323,548.61 10,858,453.34 4,057,482.00 27,124,51995 : 392,407,267.67 115,738,432.81 11,832,483.12 496,313,217.36 25,619,048.22 6,784,011.42 332,773.33 32,070,286.31 11,708,246.51 1,583,623.52 264,684.12 13,027,185.91 1,937,999.80 586,331.71 8,026.94 2,516,304.57 34,500,393.77 16,363,253.09 4,298,923.54 46,564,723.32 5,451,454.20 939,448.86 1,365,495.41 5,025,407.65 4,581,992.76 662,058.15 162,016.40 5,082,034.51 11,092,889.59 1,774,872.71 4,057,482.00 8,810,280.30 94,892,024.85 28,693,599.46 10,489,401.74 113,096,222.57 297,515,242.82 383,216,994.79 * 89,957,920.57 ** 14,165,376.00 9. 2001-12-31 2002-12-31 2,417,807.98 -- -- 2,417,807.98 149,727.50 -- -- 149,727.50 31,577.96 -- -- 31,577.96 409,935.52 -- -- 409,935.52 3,009,048.96 -- -- 3,009,048.96 10. 5 33,600,316.28 30,949,919.92 -- 29,916,686.97 27,819,764.36 122,286,687.53 34
( : ) -- -- -- 1,821,506.88 -- 1,821,506.88 7,691,618.30 6,313,504.83 39,802,667.42 -- 2,017,685.66 55,825,476.21 ( : ) 2,323,890.97 -- -- -- -- 2,323,890.97 22,125,309.73 11,494,420.02 -- 29,916,686.97 26,421,503.85 89,957,920.57 ( : ) 2,323,890.97 -- -- 1,821,506.88 -- 4,145,397.85 -- 568,602.28 -- -- -- 568,602.28 ( : ) -- -- -- -- -- -- 19,166,624.85 25,200,402.45 39,802,667.42 -- 3,415,946.17 87,585,640.89 ( : ) -- -- -- -- -- -- -- -- -- -- -- -- 19,166,624.85 25,200,402.45 39,802,667.42 -- 3,415,946.17 87,585,640.89 6.11% 11. 2002-12-31 : 14,555,598.80 4,136,500.00 18,692,098.80 14,555,598.80 4,136,500.00 18,692,098.80 -- -- -- : 3,858,499.65 791,028.37 4,649,528.02 3,258,952.41 791,028.37 4,049,980.78 599,547.24 -- 599,547.24 10,697,099.15 3,345,471.63 14,042,570.78 37 9 2001-12-31 2002-12-31 3,345,471.63 -- -- 3,345,471.63 12. 2002-12-31 2001-12-31 RMB 9,140,000.00 9,140,000.00 RMB 9,140,000.00 9,140,000.00 RMB257,180,000.00 257,180,000.00 RMB147,143,226.43 147,143,226.43 USD 3,000,000.00 24,829,500.00 USD 3,000,000.00 24,834,300.00 291,149,500.00 181,117,526.43 61% 13. 2002-12-31 2001-12-31 31,340,000.00 2003.06.10 6.21--8.64 19,650,000.00 35
14. 2002 12 31 163,190,000.00 2002 12 31, 5% 30% 15. 2002 12 31 114,285,305.18 2002 12 31, 5% 16. 2002 12 31 54,291,965.41 2002 12 31, 5% 17. 2002-12-31 2001-12-31 2,794,385.00 7,289,700.00 1,571,250.30 4,098,913.95 3,211.00 2,240,178.00 3,732,852.90 5,257,380.00 8,101,699.20 18,886,171.95 18. 2002-12-31 2001-12-31 44,125,590.43 45,092,533.69 1,062,869.13 759,910.49 2,751,574.21 2,490,762.95 (12,191,418.75) (14,070,142.54) 3,735,390.05 690,497.92 39,484,005.07 34,963,562.51 19. 2002-12-31 2001-12-31 1,557,333.32 1,445,982.46 20. 2002 12 31 65,714,365.26 2002 12 31, 5% 21. 2002-12-31 2001-12-31 338,282,700.00 1999.12.21 2008.01.20 4.68%--7.128% 251,617,900.00 -- 5,198,581.19 338,282,700.00 256,816,481.19 32% 36
22. 2001-12-31 2002-12-31 9,924,445.00 -- 8,954,550.00 969,895.00 [1999]1129 [2002]435 23. 2001-12-31 2002-12-31 48,598,000.00 7,289,700.00 -- 55,887,700.00 27,326,093.00 4,098,913.00 -- 31,425,006.00 14,934,520.00 2,250,044.00 17,120,344.00 64,220.00 50,800.00 13,420.00 -- 64,220.00 90,858,613.00 13,638,657.00 17,120,344.00 87,376,926.00 35,049,200.00 39,607,858.00 -- 74,657,058.00 35,049,200.00 39,607,858.00 -- 74,657,058.00 125,907,813.00 53,246,515.00 17,120,344.00 162,033,984.00 24. 2002-12-31 2001-12-31 237,125,246.96 105,972,809.17 13,840,819.63 13,840,819.63 250,966,066.59 119,813,628.80 109% 25. 2002-12-31 2001-12-31 22,845,181.02 21,038,139.21 24,945,144.21 23,138,102.40 47,790,325.23 44,176,241.61 26. 2002 89,693,929.42 18,070,418.08 : 1. 10% 1,807,041.81 2. 10% 1,807,041.81 3. * 8,101,699.20 4. 18,886,171.00 77,162,393.68 * 2003 4 5 2002 10 0.5 ( ) 37
27. 2002 2001 2002 2001 2002 2001 107,961,207.19 152,837,936.03 59,819,458.53 113,968,352.51 48,141,748.66 38,869,583.52 183,793,782.07 129,633,407.81 145,713,286.10 103,688,492.96 38,080,495.97 25,944,914.85 14,053,026.53 17,816,575.21 7,239,792.16 11,365,081.51 6,813,234.37 6,451,493.70 305,808,015.79 300,287,919.05 212,772,536.79 229,021,926.98 93,035,479.00 71,265,992.07 28. 2002 2001 8,471,895.53 22,393,885.24 7,437,891.76 17,884,394.24 1,034,003.77 4,509,491.00 2002 2001 7,525,324.37 6,770,765.51 754,558.86 1,173,138.65 946,169.16 667,126.25 279,042.91 2,936,352.35 402.00 -- 402.00 400,000.00 8,471,895.53 7,437,891.76 1,034,003.77 4,509,491.00 29. 2002 2001 39,454,818.93 28,276,848.59 * 16,518,647.06 11,789,335.72 133,017.14 142,318.09 356,350.54 393,951.91 23,425,539.55 17,023,782.87 * 7,100,928.57 2,257,766.66 4,320,000.00 38% 30. 2002 2001 -- 2,063,550.79 : -- 2,022,535.79 -- 41,015.00 56,160.00 2,181,532.93 : 56,160.00 70,848.00 -- 2,110,684.93 -- 612,864.57 116,007.76 116,007.76 172,167.76 4,973,956.05 38
31. 2002 2001 -- 3,120,000.00 32. 2002 2001 488,412.65 156,154.11 81,637.02 40,886.26 173,567.52 139,831.83 743,617.19 336,872.20 33. 2002 2001 53,327.31 163,141.65 226,219.75 347,600.15 3,451.56 -- 396,074.03 627,894.77 679,072.65 1,138,636.57 34. 2002-12-31 2001-12-31 5,264,499.64 4,674,446.55 6,321,000.38 6,106,910.88 2,887,385.58 2,789,591.10 67,987.82 68,730.29 46,233.45 970,578.07 14,587,106.87 14,610,256.89 35. 41,720,699.58 16,939,680.87 22,768,812.32 1. 2002-12-31 1 48,274,506.66 68.87 2,125,554.15 51,368,881.47 1-2 6,250,012.22 8.92 375,000.73 5,875,011.49 2-3 7,587,558.11 10.82 455,253.48 7,132,304.63 3 7,982,835.95 11.39 478,970.16 7,503,865.79 70,094,912.94 100.00 3,434,778.52 66,660,134.42 2001-12-31 39
1 26,674,385.78 51.77 1,122,647.33 25,551,738.45 1-2 13,174,309.71 25.57 790,458.58 12,383,851.13 2-3 8,507,262.38 16.51 510,435.74 7,996,826.64 3 3,169,357.80 6.15 190,161.47 2,979,196.33 51,525,315.67 100.00 2,613,703.12 48,911,612.55 2. (1) 2001-12-31 2002-12-31 143,163,423.91 3,852,379.06 (77,338.65) 147,093,14162 -- -- -- -- 143,163,423.91 3,852,379.06 (77,338.65) 147,093,141.62 24,100.00 -- -- 24,100.00 -- -- -- -- 24,100.00 -- -- 24,100.00 143,187,523.91 3,852,379.06 (77,338.65) 147,117,241.62 (2) a. 2001-12-31 2002-12-31 864,000.00 1,040,000.00 1,040,000.00 -- 1,040,000.00 b. 2001-12-31 2002-12-31 16,114,996.87 666,339.66 -- 16,781,336.53 6,433,162.98 962,629.28 -- 7,395,792.26 7,590,177.13 807,530.01 -- 8,397,707.14 72,614,923.03 4,225,294.87 -- 76,840,217.90 2,911,734.21 (2,773,033.85) -- 138,700.36 3,367,784.28 (36,380.91) -- 3,331,403.37 109,032,778.50 3,852,379.06 -- 112,885,157.56 2001-12-31 2002-12-31 1.67% 30,000,000.00 -- 30,000,000.00 10.00% 3,400,000.00 -- 3,400,000.00 c. 2001-12-31 ( ) 33,400,000.00 -- 33,400,000.00 2002-12-31 (309,354.59) -- (77,338.65) (232,015.94) (3) a. 24,100.00 3. 40
2002 2001 2002 2001 2002 2001 114,758,825.96 166,244,111.76 69,942,151.08 131,023,233.30 44,816,674.88 35,220,878.46 4. 2002 2001 3,852,379.06 4,873,702.13 -- 2,063,550.79 : -- 2,022,535.79 -- 41,015.00 56,160.00 2,181,532.93 : 56,160.00 70,848.00 -- 2,110,684.93 -- 512,864.57 77,338.65 77,338.65 3,985,877.71 9,708,989.07 ( ) 1.. 2001-12-31 ( ) 2002-12-31 48,598,000.00 38.60% 7,289,700.00 55,887,700.00 34.49% 2. 2002 6 4 ( ) 1. 41
2001 2002 7,332,822.25 -- 16,725,609.30 8,653,142.69 113,871.59 19,718.42 -- 1,061,220.73 2. 24,172,303.14 9,734,081.84 2001 2002 2,728,371.48 318,449.93 2,512,636.75 -- 23,505,727.68 36,453.15 -- 25,430,882.68 8,574,577.12 -- 3. 37,321,313.03 25,785,785.76 2002 1,900,527.40 2001 12 16 ( ) (%) 2002-12-31 2001-12-31 2002-12-31 2001-12-31 10,021,219.76 13,849,427.29 4.48 7.54 : 23,987.80 767,784.75 0.01 0.42 4,886,171.42 3,508,782.59 2.18 1.91 5,111,060.54 3,216,161.68 2.28 1.75 -- 6,356,698.27 -- 3.46 37,419,562.22 29,633,059.50 30.00 23.52 : 4,588,082.55 1,251,576.25 3.68 0.99 10,740.80 2,983.55 0.01 -- 29,193,092.19 8,970,372.63 23.40 7.12 2,551,477.00 2,551,477.00 2.05 2.02 226,454.88 6,901,682.52 0.18 5.48 849,714.80 9,954,967.95 0.68 7.90 2,636,601.12 363,724.09 2.31 0.30 : 1,877,953.49 -- 1.64 -- 322,408.66 57,035.76 0.28 0.05 -- 36,688.33 -- 0.03 436,238.97 270,000.00 0.38 0.22 1,958,426.73 10,322,509.09 3.61 20.10 42
: 1,858,426.73 7,031,142.44 3.42 100,000.00 125,120.00 0.18 0.24 -- 3,166,246.65 -- 6.16 13.69 176,572.24 20,988,845.06 0.33 27.13 : -- 15,694,467.38 -- 20.29 100,000.00 100,000.00 0.19 0.13 -- 184,897.83 -- 0.24 -- 4,959,479.85 -- 6.41 73,267.06 50,000.00 0.14 0.06 2002 50,000,000.00 2002 9 30 2002 9 30 2003 9 30 50,000,000.00 2003 2002 12 10 PHOENIX JAPAN DSCOM 13,800,000.00 4,692,000.00 34% PHOENIX JAPAN 3,864,000.00 28% DSCOM 828,000.00 6% 4,416,000.00 32% 2002 12 31 3,870,000.00 2,700,000.00 10,295,376.00 6,440,000.00 14,165,376.00 9,140,000.00 2003 4 5 2002 10 2 0.5 ( ) 10 4 2001-12-31 2002-12-31 43
18,587,999.87 2,400,356.77 77,033.51 20,911,323.13 11,026,943.64 2,400,356.77 -- 13,427,300.41 7,561,056.23 -- 77,033.51 7,484,022.72 -- -- -- -- -- -- -- -- -- -- -- -- 401,510.70 14,262.23 234,912.91 180,860.02 11,986.70 14,262.23 -- 26,248.93 190,654.63 -- 36,043.54 154,611.09 198,869.37 -- 198,869.37 -- -- -- -- -- -- -- -- -- -- -- -- -- 3,009,048.96 -- -- 3,009,048.96 2,417,807.98 -- -- 2,417,807.98 149,727.50 -- -- 149,727.50 31,577.96 -- -- 31,577.96 409,935.52 -- -- 409,935.52 3,345,471.63 -- -- 3,345,471.63 3,345,471.63 -- -- 3,345,471.63 -- -- -- -- -- -- -- -- -- -- -- -- 25,344,031.16 2,414,619.00 311,946.42 27,446,703.74 1. 2002 17.07% 22.98% 0.5667 0.6342 5.29% 7.12% 0.1757 0.1966 3.36% 4.52% 0.1115 0.1248 3.00% 4.04% 0.0997 0.1116 2. (1) = = (2) (ROE) ROE P E 0 +NP 2+E i M i M 0 -E j M j M 0 P NP E 0 E i M 0 M i E j M j 44
(3) EPS EPS P S 0 +S 1 +S i M i M 0 -S j M j M 0 P S0 S 1 Si S j M0 M i M 2002 j 45
2002 111,811,576.19 173,796,887.03 200,743,602.29 132,769,043.88 21,452,490.19 23,260,445.38 28,199,652.88 29,538,457.24 305,808,015.79 300,287,919.05 107,961,207.19 152,837,936.03 183,793,782.07 129,633,407.81 14,053,026.53 17,816,575.21 -- -- 305,808,015.79 300,287,919.05 3,850,369.00 20,958,951.00 16,949,820.22 3,135,636.07 7,399,463.66 5,443,870.17 28,199,652.88 29,538,457.24 -- -- 63,669,827.53 134,927,303.51 162,663,106.32 106,824,129.03 14,639,255.82 16,808,951.68 28,199,652.88 29,538,457.24 212,772,536.79 229,021,926.98 59,819,458.53 113,968,352.51 145,713,286.10 103,688,492.96 7,239,792.16 11,365,081.51 -- -- 212,772,536.79 229,021,926.98 3,850,369.00 20,958,951.00 16,949,820.22 3,135,636.07 7,399,463.66 5,443,870.17 28,199,652.88 29,538,457.24 -- -- 26,978,486.04 24,012,583.97 33,536,294.46 22,921,911.55 3,878,453.88 3,601,140.49 -- -- 64,393,234.38 50,535,636.01 22,015,941.17 15,253,541.00 3,525,720.50 6,191,688.70 2,921,394.00 2,913,509.24 -- -- 28,463,055.67 24,358,738.94 1,381,277,070.78 992,153,831.69 767,535,850.23 671,302,517.70 103,618,717.96 95,695,641.72 605,575,421.97 466,426,559.40 1,646,856,217.00 1,292,725,431.71 839,924,910.09 609,125,704.29 658,917,340.81 564,498,281.38 82,560,718.93 76,997,855.07 487,086,629.20 352,098,278.75 1,094,316,340.63 898,523,561.99 46