2005

2005 2005 1

3 5 7 7 11 20 55 2

1 SANY HEAVY INDUSTRY CO.,LTD. SANY 2 G 600031 3 410100 http://www.sany.com.cn sany@sany.com.cn 4 5 0731--4031555 0731--4031777 zxz@sany.com.cn 6 http://www.sse.com.cn 7 : 1994 11 22 2003 07 21 4300002000116 430121616800612 430121616800612 1 3

2005 6 30 2004 12 31 3,364,504,661.60 2,999,189,415.45 12.18 2,421,682,427.06 2,164,840,854.22 11.86 4,898,572,776.61 4,323,532,624.24 13.30 ( ) 2,016,445,920.86 1,906,306,596.20 5.78 4.20 7.94-47.10 4.17 7.88-47.08 2005 1-6 2004 1-6 158,132,530.06 204,335,958.84-22.61 145,330,592.84 209,588,081.84-30.66 0.329 0.85-61.29 7.842% 11.45% 3.61-216,669,791.10-189,293,269.98-14.46 2004 10 10 2 24000 48000 2 5,386,729.61 4,338,000.00-187,217.73 5,455,375.28 57,983.13-2,266,328.01 12,801,937.22 3 9 4

% 22.277 22.626 0.936 0.936 7.958 8.083 0.334 0.334 7.842 7.965 0.329 0.329 7.207 7.320 0.303 0.303 892,400-892,400 0 179,107,600-179,107,600 0 180,000,000-180,000,000 0 0 +788,287 +788,287 1,576,574 0 +158,211,713 +158,211,713 316,423,426 0 +159,000,000 +159,000,000 318,000,000 60,000,000 +21,000,000 +81,000,000 162,000,000 240,000,000 0 +240,000,000 480,000,000 24901 1 ( ) ( ) 1 +135,475,072 309,284,372 64.43% 5

2 +2,583,464 6,000,000 1.25% 3 +5,911,974 5,911,974 1.23% 4 5 6 +2,666,459 5,406,288 1.13% +1,282,864 2,956,164 0.62% +1,803,736 1,803,736 0.38% 7 +1,609,416 UBS LIMITED 1,609,416 0.34% 8 +684,174 1,576,574 0.33% 9 +1,327,050 1,327,050 0.28% 10 +729,097 1,252,432 0.26% 2 1 6,000,000 A 2 5,406,288 A 3 2,221,278 A 4 1,803,736 A 5 UBS LIMITED 1,609,416 A 6 1,327,050 A 7 1,252,432 A 8 1,172,610 A 9 908,820 A 10 767,318 A 3 6

1233 1-6 12.72 4.49 1.58 1035 320% LB3000 2005 240 1500 5260 2005 1000 2020 8.5 2 5 8 7

10 3.5 8 93.44% 1 1,272,321,400.49 1,566,334,173.10-18.77% 449,208,506.82 495,038,124.48-9.26% 158,132,530.06 204,335,958.84-22.61% -10,456,879.37 21,787,081.15-148% 18.77% 22.61% 2 1 1,272,321,400.49 817,455,459.59 35.75% -18.77% -23.16% 3.67 3.67 8

2 1,050,552,935.22 656,728,505.29 37.49% -22.92% -27.80% 4.23 127,578,759.50 94,397,011.37 26.01% -8.07% +0.99% 6.63 26,448,292.61 26,718,677.02-1.02% +87.21% +71.34% 9.39 67,741,413.16 39,611,265.91 41.53% +34.02% -12.30% 30.88 1,272,321,400.49 817,455,459.59 35.75% -18.77% -23.16% 3.67 : 3 % 198,729,084.41-45.09% 87,615,818.15-5.27% 620,849,654.58-11.68% 214,667,501.21-11.53% 150,459,342.14-9.56% 1,272,321,400.49-18.77% 3 4 5 10% 6 1 9

, 2 1 2003 6 18 6000 A 89989.44, 1788.68, 79951.22, 10038.22 89989.44 1788.68 79951.22 1 2 3 4 5 6 7 8 9 16580 17375.26 2114.83 4980 5501.14 7697.82 4980 6279.84 2257.42 4960 4713.49 495.66 4980 211.08 0 4960 4506.68 239.86 4980 71.66 0 4471 7999.92 2395.75 TQ230 3000 5412.28 24.37 10

10 4822 617.81 0 11 5396 178.68 0 12 9927.96 1202.94 0 13 25880.44 25880.44 4434.11 90115.40 79951.22 19659.82 1 12 2006 4 2 TQ230 3 9 12 2 2005 4 2000 1.5 / 13,333,333 [2004]3 [2005]32 5 8 1 24000 6000 2100 4800 11

: 10 3.5 8 2 2005 2005 6 10 2 6149 226,034,391 94.18% 6144 46,034,391 76.72% 98.66 93.44 2004 1 2004 2004 24000 10 10 2 2005 6 24, 2004 2005 6 29 2005 6 30 2005 12

7 1 2005 7 5 2004 2 2005 2005 6 28 80% 1057.24 80% 845.79 1 2005 1-6 2,110,906.87 392,000.00 646,226.27 2,534,738.43 2 2005 1-6 1,447,620.62 669,959.80 1,720,147.65 76,034.87 172,187.14 240,442.79 3 13

2005 1-6 289,205.20 10,477,878.75 2,875,022.44 14,876,232.59 4 2005 1-6 204,166.67 5 2005 1-6 17,358,850.05 52,178,952.21 26,726,747.00 10,947,853.40 22,364,852.83 38,376,153.21 696,951.79 6 2005 1-6 2,154,893.57 7 2005 1-6 1,265,696.52 1,393,430.41 455,918.49 235,708.30 43,524.05 946,259.70 182,589.23 14

8 2005.06.30 696,951.79 0.45% 11,381,194.04 4.54% 10,000,000.00 6.62% 2,539,982.65 2.08% 2,404,474.70 1.97% 32,332,791.33 26.49% 37,277,248.68 30.54% 9 2005 6 30 1,151,000,000.00 200,000,000.00 2005 6 30 8,000,000.00 1 2 3 6000 2300 4 15

7-8 3 2005 1-6 38,148 108,157 8,390 420 110 2005 2003 8 120 15% 16

1 2005.3.23 www.sse.com.cn 2 2004 2005.4.15 www.sse.com.cn 3 2005.4.15 www.sse.com.cn 4 2005.4.15 www.sse.com.cn 5 2004 2005.4.15 www.sse.com.cn 6 2005 2005.4.25 www.sse.com.cn 7 2005.5.9 www.sse.com.cn 8 2005 2005.5.10 www.sse.com.cn 9 2005.5.11 www.sse.com.cn 10 2005.5.12 www.sse.com.cn 11 12 2004 2005.5.14 www.sse.com.cn 2005 2005.5.25 www.sse.com.cn 13 2005.5.25 www.sse.com.cn 14 2005 2005.5.25 www.sse.com.cn 15 2005.5.25 www.sse.com.cn 16 2004 2005.5.31 www.sse.com.cn 17 2005 2005.5.31 www.sse.com.cn 17

18 2005.5.31 www.sse.com.cn 19 2005 2005.6.3 www.sse.com.cn 20 2005.6.3 www.sse.com.cn 21 2005.6.4 www.sse.com.cn 22 2005 2005.6.7 www.sse.com.cn 23 2005 2005.6.11 www.sse.com.cn 24 2005.6.14 www.sse.com.cn 25 2005.6.14 www.sse.com.cn 26 2005.6.17 www.sse.com.cn 27 2005.6.17 www.sse.com.cn 28 2004 2005.6.24 www.sse.com.cn 18

2005 1 6 [2000]209 2000 12 8 4300002000116 2003 55 2003 6 18 A 6,000 1.00 15.56 2003 7 3 2.4 2005 5 29 2004 2004 24000 10 10 4.8 1 2 1 1 12 31 2005 1 1 6 30 19

3 4 5 6 3 7 [1995]11 50% 8 1 2 3 9 1 2 3 20

1 1 5% 1 2 10% 2 3 20% 3 50% 10. 1 2 3 4, 11 1 20 20% 20 20 2 3 21

4 2003 10 12 1 2 2000 2 22

3 % % 20 4.85 3 10 9.70 3 8.33 11.64 3 8.33 11.64 3 5 19.4 3 4 13 1 2 14 1 2 23

15 1 2 3 16 17 18 19 20 1 24

2 3 21. 22 23 24 1 17% 2 5% 3 5% 4 5% 5 [1994] 001 15 [1998]038 1998 7 1 2000 6 30 2000 7 1 15% 15% 33% 6 25

1. 600 480 80% 8,600 8,200 95.35% 10,000 7,500 75% 3,180 2,980 93.71% 8,800, 8,360 95% 3,180 2,226 70%,, 1,000 900 90% 318 222.6 65.6% 1 70% 30% 2 222.6 70% 26

2 SANY HEAVY INDUSTRY INDIA PVT.,LTD 99.97% 8,950,278.21 3 1, 2005 1 10 2 80% 2005 6 28 2005 3 31 1057.24 80% 845.79 115.02 6 30 2005 1-6 2005 6 30 11,036,001.42 250,987.71 11,286,989.13 1,967,784.67 9,319,204.46 11,286,989.13 2005 1-6. 6,240,479.92 6,762,931.64-1,581,643.55 1 2005.06.30 2004.12.31 1,217,425.56 1,319,366.45 513,824,820.69 446,181,644.09 281,406,582.34 359,404,697.42 796,448,828.59 806,905,707.96 75,412,330.69 41,346,765.92 128,131,485.73 30,000,000.00 6,516,000.00 27

2 2005.06.30 2004.12.31 54,259,429.99 5,467,613.40 35,750,024.44 5,525,596.53 54,259,429.99 5,467,613.40 35,750,024.44 5,525,596.53 1 2 3. 2005.06.30 2004.12.31 151,029,609.70 152,664,714.59 151,029,609.70 152,664,714.59 1 64,002,000.00 2 2005 6 30 5% 5% 4 2005.06.30. 1 658,803,851.55 80.80% 30,369,785.64 628,434,065.91 1-2 126,108,908.50 15.47% 12,610,890.85 113,498,017.65 2-3 22,698,943.92 2.78% 4,539,788.79 18,159,155.13 3 7,756,320.27 0.95% 3,878,160.14 3,878,160.13 815,368,024.24 100.00% 51,398,625.42 763,969,398.82 2004.12.31. 1 511,080,530.27 78.39% 25,554,026.52 485,526,503.75 1-2 114,222,449.58 17.52% 11,422,244.94 102,800,204.64 2-3 18,076,061.57 2.77% 3,615,212.31 14,460,849.26 3 8,618,031.61 1.32% 4,309,015.81 4,309,015.80 651,997,073.03 100.00% 44,900,499.58 607,096,573.45 1 2005 6 30 25.06% 28

85,920,759.35 2 2005 6 30 154,002,317.36 18.89% 3 73,408,138.80 4 2005 6 30 5% 5% 5 2005.06.30. 1 150,452,096.78 97.05% 8,428,664.48 142,023,432.30 1-2 2,931,204.98 1.89% 293,120.50 2,638,084.48 2-3 896,585.21 0.58% 179,317.04 717,268.17 3 746,355.61 0.48% 373,177.81 373,177.80 155,026,242.58 100.00% 9,274,279.83 145,751,962.75 2004.12.31. 1 111,264,690.85 95.57% 5,563,234.55 105,701,456.30 1-2 3,547,780.08 3.05% 354,778.01 3,193,002.07 2-3 809,417.82 0.70% 161,883.56 647,534.26 3 795,989.02 0.68% 397,994.51 397,994.51 116,417,877.77 100.00% 6,477,890.63 109,939,987.14 1 2005 6 30 33.16% 2 2005 6 30 26,662,118.13 1 17.20% 11,485,230.98 1 7.41% 7,360,053.27 1 4.75% 6,800,507.51 1 4.39% 3,049,253.70 1 1.97% 55,357,163.59 35.71% 3 2005 6 30 5% 5% 29

6 2005.06.30 2004.12.31 1 240,478,794.28 96.00% 115,857,338.53 78.75% 1-2 10,013,908.96 4.00% 31,271,691.13 21.25% 2-3 3 250,492,703.24 100.00% 147,129,029.66 100.00% 1 2005 6 30 70.25% 2 2005 6 30, 5% 5% 7 2005.06.30. 322,705,095.74 322,705,095.74 9,798,202.77 9,798,202.77 333,727,482.63 1,726,028.33 332,001,454.30 245,996,649.14 1,729,948.97 244,266,700.17 288,448,247.06 288,448,247.06 1,200,675,677.34 3,455,977.30 1,197,219,700.04 2004.12.31. 434,136,347.41 434,136,347.41 8,715,157.91 8,715,157.91 277,060,186.96 1,726,028.33 275,334,158.63 160,216,850.74 1,729,948.97 158,486,901.77 264,006,788.21 264,006,788.21 1,144,135,331.23 3,455,977.30 1,140,679,353.93 220,684,078.50 24.04% 8 2004.12.31 2005.06.30 3,892,000.00 18,539,524.00 16,118,562.06 6,312,961.94 20,000.00 63,600.00 64,888.00 18,712.00 637,620.81 13,087,184.57 9,255,837.45 4,468,967.93 4,549,620.81 31,690,308.57 25,439,287.51 10,800,641.87 1 CCTV 2005 30

2 9 2005.06.30 2004.12.31 55,292,003.73 55,292,003.73 27,528,520.94 27,528,520.94-6,232,147.81-6,232,147.81 55,292,003.73 55,292,003.73 21,296,373.13 21,296,373.13 1 21,717,702.21 1,186,795.42 20,530,906.79 5,810,818.73 5,810,818.73 20,000,000.00 20,000,000.00 SANY HEAVY INDUSTRY INDIA PVT.,LTD 8,950,278.21 8,950,278.21 27,528,520.94 28,950,278.21 1,186,795.42 55,292,003.73 2 2002.2.8-2012.12.30 4.01% 5,810,818.73 2004.05.24-2050.01.01 20.00% 20,000,000.00 2.08% 20,000,000.00 SANY HEAVY INDUSTRY INDIA PVT.,LTD 99.97% 8,950,278.21 54,761,096.94 3 21,717,702.21-2,473.42 1,184,322.00 20,530,906.79 530,906.79 5,810,818.73 5,810,818.73 20,000,000.00 20,000,000.00 SANY HEAVY INDUSTRY INDIA PVT.,LTD 8,950,278.21 8,950,278.21 27,528,520.94 28,947,804.79 1,184,322.00 55,292,003.73 530,906.79 4 5 31

10 2004.12.31 2005.06.30 350,846,949.85 59,720,666.65 3,084,452.30 407,483,164.20 233,703,721.46 1,570,090.00 235,273,811.46 78,642,789.79 4,086,333.52 643,482.67 82,085,640.64 74,921,553.21 586,299.65 74,335,253.56 76,878,569.49 8,140,779.70 2,918,429.24 82,100,919.95 814,993,583.80 73,517,869.87 7,232,663.86 881,278,789.81 34,257,665.07 8,295,075.82 521,781.00 42,030,959.89 32,548,370.37 9,263,970.56 41,812,340.93 14,968,406.51 6,578,947.30 158,669.61 21,388,684.20 25,259,460.46 6,564,249.74 189,570.20 31,634,140.00 19,040,611.03 5,794,144.02 1,278,405.63 23,556,349.42 126,074,513.44 36,496,387.44 2,148,426.44 160,422,474.44 3,313,965.05 3,313,965.05 159,128.22 159,128.22 2,033,139.90 2,033,139.90 1,189,699.18 1,189,699.18 6,695,932.35 6,695,932.35 682,223,138.01 714,160,383.02 1 57,506,214.78, 4,569,181.00 2 3 64,299,405.81 52,963,731.98 2000 9 28 2001-168 35864.14 32

8500 2000 9 28 2005 9 28 11 2004.12.31. 2005.06.30. 25,883,613.19 40,377,349.24 4,569,181.00 61,691,781.43 25,883,613.19 40,377,349.24 4,569,181.00 61,691,781.43 1 4,886,070.75 3,939,949.00 3,356,842.50 2,935,230.00 2,718,800.00 2 12 1 2004.12.31 2005.06.30 549,879,942.02 165,089,565.65 57,506,214.78 657,463,292.89 : 549,879,942.02 165,089,565.65 57,506,214.78 657,463,292.89 549,879,942.02 165,089,565.65 57,506,214.78 657,463,292.89 2 2004.12.31 2005.06.30 16,968,715.9 / 112,070,000.00 2 9,275,217.97 26,243,933.89 95% 61,803,404.09 5,809,318.01 29,258,878.90 246,735.39 34,821,461.52 87.00% 1 18,000,000.00 7,569,372.83 1,833,897.27 9,022.27 9,394,247.83 95.00% 352,419,700.00 217,639,287.65 104,880,629.60 46,650,000.00 275,869,917.25 78.28% 1,634,603.47 33

2 26,000,000.00 15,872,624.76 1,356,945.92 17,229,570.68 85.00% 43,000,000.00 20,797,255.41 16,649,501.61 106,504.62 37,340,252.40 98% 28,000,000.00 23,781,972.34-224,100.00 23,557,872.34 75.00% 1 41,979,658.00 35,820,757.95 7,451,689.71 9,800,000.00 33,472,447.66 90.00% 2 40,926,362.00 33,613,545.92 717,010.76 34,330,556.68 85.00% 6S 25,000,000.00 9,263,042.20 9,263,042.20 60.00% 72,747,619.61 71,794,273.73 693,952.50 143,847,940.84 / 99,259,471.62-87,167,422.02 12,092,049.60 749,199,124.09 549,879,942.02 165,089,565.65 57,506,214.78 657,463,292.89 3 1,634,603.47 6.1425% 4 2005 1 5 32219.76 55735 4700 2005 1 10 2010 1 7 2005 4 1 64349.79 96666 10300 2005 4 5 2010 4 2 5 13 2004.12.31 2005.06.30 40,831,386.02 433,008.17 40,398,377.85 3,651,789.86 1,785,667.30 848,551.97 4,588,905.19 44,483,175.88 1,785,667.30 1,281,560.14 44,987,283.04 1 2 46,001,588.00 474-579 8,873,709.55 1-60 54,875,297.55 34

3 2005 6 30 5,089,242.4 4,894,154.78 14 2004.12.31 2005.06.30 482,248.72 111,288.12 370,960.60 94,717.84 7,692.46 102,410.30 576,966.56 7,692.46 111,288.12 473,370.90 943,232.08 572,271.48 20 102,410.30 1,045,642.38 572,271.48 15 2005.06.30 1 10,000,000.00 2 27,000,000.00 3 1,242,000,000.00 196,650,000.00 1,475,650,000.00 1 63615 31,740,000.00 2 30,000,000.00 3 1,151,000,000.00 8,000,000.00 60,000,000.00 23,000,000.00 16 2005.06.30 2004.12.31 169,457,759.87 263,326,080.98 2005.07-2005.12 169,457,759.87 263,326,080.98 35

1 2005 6 30 5% 5% 2 2005 6 30 35.65% 17 2005.06.30 2004.12.31 1 440,762,599.97 97.78% 414,268,566.63 98.06% 1-2 10,020,180.96 2.22% 8,186,293.48 1.94% 2-3 3 450,782,780.93 100.00% 422,454,860.11 100.00% 2005 6 30 5% 5% 18 2005.06.30 2004.12.31 1 88,834,462.25 99.56% 130,914,660.07 99.47% 1-2 342,215.34 0.38% 691,095.81 0.53% 2-3 49,081.50 0.06% 89,225,759.09 100.00% 131,605,755.88 100.00% 1 2005 6 30 32.20% 2 2005 6 30, 5% 5% 19 2005.06.30 2004.12.31 5,482,315.99 7,336,024.06 5,482,315.99 7,336,024.06 2005 6 30 20 2005.06.30 2004.12.31 33,473,200.00 1,673,200.00 16,200,000.00 49,673,200.00 1,673,200.00 21 36

2005.06.30 2004.12.31-13,169,471.06-23,502,794.94-487,971.38-3,218,910.23 4,395,368.93 7,231,871.22 41,066,146.34 41,607,888.82 8,904,636.04 10,066,031.65 909,224.52 1,591,897.82 1,406,426.70 7,548.70 41,617,933.39 35,189,959.74 22 2005.06.30 2004.12.31 3,527,137.48 5,855,499.17 3,527,137.48 5,855,499.17 23 2005.06.30 2004.12.31 1 102,344,379.97 83.84% 80,497,863.87 93.63% 1-2 14,927,542.10 12.23% 4,380,882.48 5.10% 2-3 3,960,922.58 3.24% 61,076.80 0.07% 3 832,111.42 0.68% 1,032,039.58 1.20% 122,064,956.07 100.00% 85,971,862.73 100.00% 1 2005 6 30 41.98% 2 2005 6 30 5% 5% 2,539,982.65 1 2,539,982.65 24 2005.06.30 2004.12.31 462,304.16 299,607.85 37

27,300.00 263,004.41 1,013,698.78 83,596.58 1,503,302.94 646,208.84 25 2005.06.30 100,000,000.00 2007-5-13 100,000,000.00 * 2007-1-5 100,000,000.00 * 2007-4-21 47,000,000.00 2010-1-7 33,000,000.00 2010-4-2 20,000,000.00 2010-6-22 400,000,000.00 1 12 2 2005 6 30 2 26 2004.12.31 2005.06.30 1. 180,000,000-21,000,000.00-159,000,000.00-180,000,000 4,238,800-104,113.33-4,134,686.67-4,238,800 175,761,200-20,895,886.67-154,865,313.33-175,761,200 2. 3. 4. 180,000,000 159,000,000 159,000,000 318,000,000 318,000,000 159,000,000 159,000,000 318,000,000 318,000,000 1. 60,000,000 21,000,000 81,000,000 102,000,000 162,000,000 2. 3. 4. 38

60,000,000 21,000,000 81,000,000 102,000,000 162,000,000 240,000,000 240,000,000 240,000,000 480,000,000 2005 7 22 [2005] 1006 2006 6 17 27 2004.12.31 2005.06.30 839,894,400.00 240,000,000.00 599,894,400.00 424,115.52 6,794.60 430,910.12 1,090,000.00 1,090,000.00 790,380.00 790,380.00 1,321,662.61 1,321,662.61 843,520,558.13 6,794.60 240,000,000.00 603,527,352.73 1 2004 2004 24000 10 10 2 28 2004.12.31 2005.06.30 125,299,967.16 125,299,967.16 62,649,983.59 62,649,983.59 187,949,950.75 187,949,950.75 29 158,132,530.06 634,836,087.32 48,000,000.00 39

744,968,617.38 2004 2004 24000, 10 10, 10 2.0 ( ) 4800 30 2005 1-6 2004 1-6 1,272,321,400.49 1,566,334,173.10 1 18.77% 2 2005 1-6 2004 1-6 215,010,758.58 16.90% 50,886,068.38 3.24% 3 2005 1-6 2004 1-6 1,050,552,935.22 1,362,886,415.39 127,578,759.50 138,773,549.30 26,448,292.61 14,127,595.64 67,741,413.16 50,546,612.77 1,272,321,400.49 1,566,334,173.10 4 2005 1-6 2004 1-6 198,729,084.41 361,899,504.11 87,615,818.15 92,488,169.75 620,849,654.58 702,939,409.53 214,667,501.21 242,637,577.23 150,459,342.14 166,369,512.48 1,272,321,400.49 1,566,334,173.10 40

31 2005 1-6 2004 1-6 817,455,459.59 1,063,798,949.04 1 23.16% 2 2005 1-6 2004 1-6 656,728,505.29 909,570,578.32 94,397,011.37 93,470,195.13 26,718,677.02 15,593,661.51 39,611,265.91 45,164,514.08 817,455,459.59 1,063,798,949.04 3 2005 1-6 2004 1-6 122,652,750.69 237,834,919.01 56,138,259.57 57,861,173.14 408,086,893.65 494,982,183.38 133,694,251.42 153,615,339.99 96,883,304.26 119,505,333.52 817,455,459.59 1,063,798,949.04 32 2005 1-6 2004 1-6 41,552,478.26 28,637,760.20 8,486,747.34 13,326,855.42 9,208,283.56 276,225.62 59,247,509.16 42,240,841.24 38,430,330.33 27,778,577.34 7,064,872.08 10,594,129.13 1,141,985.55 283,170.69 46,637,187.96 38,655,877.16 3,122,147.93 859,182.86 1,421,875.26 2,732,726.29 41

8,066,298.01-6,945.07 12,610,321.20 3,584,964.08 33 2005 1-6 2004 1-6 47,227,442.08 19,300,803.80 2,486,581.97 847,852.93 1,914,248.42 87,587.45 1,435,373.97 2,047,684.13 29,345.14 48,090,482.50 20,617,567.59 133.25% 34. 2005 1-6 2004 1-6 -129,234.60-10,736,894.51 : -187,217.73-10,736,894.51 57,983.13 6,366,879.82 66,299.46 : 6,303,053.78-2,473.42 66,299.46 66,299.46 6,237,645.22-10,670,595.05 6,303,053.78 6,165,848.35 137,205.43 35. 2005 1-6 2004 1-6 300,000.00 4,338,000.00 953,000.00 51,530.73 4,338,000.00 1,304,530.73 36. 2005 1-6 2004 1-6 5,442,594.91 441,016.16 42

679,223.00 4,117,645.65 214,539.98 201,772.06 6,336,357.89 4,760,433.87 37 2005 1-6 2004 1-6 1,595,547.17 697,738.08 59,235.10 68,798.95 25,000.00 708,646.11 117,524.51 262,066.49 1,797,306.78 1,737,249.63 38 2005 1-6 2004 1-6 8,489,866.98 22,200,261.72 8,489,866.98 22,200,261.72 61.76% 1 2 39 2005 1-6 181,731,330.65 25,133,796.30 11,333,167.21 10,711,152.86 17,089,449.36 6,719,660.79 31,910,240.67 11,889,847.37 4,085,902.40 43

26,662,118.13 1 2005.06.30. 1 307,756,849.30 92.05% 12,817,435.53 294,939,413.77 1-2 16,950,774.58 5.07% 1,695,077.46 15,255,697.12 2-3 7,901,902.48 2.36% 1,580,380.50 6,321,521.98 3 1,710,442.82 0.51% 855,221.41 855,221.41 334,319,969.18 100.00% 16,948,114.90 317,371,854.28 2004.12.31. 1 101,389,221.93 86.77% 5,069,461.10 96,319,760.83 1-2 11,262,436.55 9.64% 1,126,243.65 10,136,192.90 2-3 2,849,898.27 2.44% 569,979.65 2,279,918.62 3 1,346,249.48 1.15% 673,124.74 673,124.74 116,847,806.23 100.00% 7,438,809.14 109,408,997.09 2 2005.06.30. 1 1,097,171,605.35 99.59% 55,764,639.91 1,041,406,965.44 1-2 2,910,254.98 0.26% 291,025.50 2,619,229.48 2-3 896,585.21 0.08% 179,317.04 717,268.17 3 746,355.61 0.07% 373,177.81 373,177.80 1,101,724,801.15 100.00% 56,608,160.26 1,045,116,640.89 2004.12.31. 1 1,123,669,546.30 99.54% 56,183,477.32 1,067,486,068.98 1-2 3,547,780.08 0.32% 354,778.01 3,193,002.07 2-3 809,417.82 0.07% 161,883.56 647,534.26 3 795,989.02 0.07% 397,994.51 397,994.51 1,128,822,733.22 100.00% 57,098,133.40 1,071,724,599.82 44

3 2005.06.30 2004.12.31 809,777,143.82 809,777,143.82 661,092,845.40 661,092,845.40-6,232,147.81-6,232,147.81 809,777,143.82 809,777,143.82 654,860,697.59 654,860,697.59 1 2002.2.8-2012.12.30 4.01% 5,810,818.73 2.08% 20,000,000.00 SANY HEAVY INDUSTRY INDIA PVT.,LTD 99.97% 8,950,278.21 34,761,096.94 2 2002.10.10-2012.10.10 80% 4,800,000.00 2003.12.- 2033.8. 95.35% 82,000,000.00 2004.1.13-2054.1.12 75.00% 75,000,000.00 2004.3.30-2-24.3.30 93.71% 29,800,000.00 2004.3.30-2054.3.29 95.00% 83,600,000.00 2004.9.29-2023.4.10 70.00% 22,260,000.00 90.00% 9,000,000.00 2004.5.24-2050.1.1 20.00% 20,000,000.00 326,460,000.00 : 8,720,678.41-8,720,678.41 6,900,533.48 2,968,749.88 9,869,283.36 5,069,283.36 414,984,666.36 124,607,205.64 539,591,872.00 457,591,872.00 74,620,808.81-964,343.27 73,656,465.54-1,343,534.46 22,459,083.23 9,202,091.90 31,661,175.13 1,861,175.13 76,917,353.15-810,359.21 76,106,993.94-7,493,006.06 19,961,201.02-5,361,850.90 14,599,350.12-7,660,649.88 9,000,000.00 9,000,000.00 21,717,702.21-2,473.42 1,184,322.00 20,530,906.79 530,906.79 655,282,026.67 120,918,342.21 1,184,322.00 775,016,046.88 448,556,046.88 45

3 4 2004.12.31 2005.06.30 272,424,013.64 3,270,666.65 3,084,452.30 272,610,227.99 15,824,977.38 1,657,234.38 17,482,211.76 58,860,042.82 7,628,422.89 643,482.67 65,844,983.04 70,985,980.91 586,299.65 70,399,681.26 60,774,010.52 7,235,593.39 2,875,943.00 65,133,660.91 478,869,025.27 19,791,917.31 7,190,177.62 491,470,764.96 21,246,259.37 6,460,628.00 521,781.00 27,185,106.37 3,713,166.20-1,303,461.03 2,409,705.17 12,495,433.74 5,410,038.47 158,669.61 17,746,802.60 24,955,943.12 6,867,767.08 189,570.20 31,634,140.00 16,487,009.97 4,239,486.37 1,278,405.63 19,448,090.71 78,897,812.40 21,674,458.89 2,148,426.44 98,423,844.85 3,313,965.05 3,313,965.05 2,033,139.90 2,033,139.90 1,189,699.18 1,189,699.18 6,536,804.13 6,536,804.13 393,434,408.74 386,510,115.98 5 2005 1-6 2004 1-6 : 134,736,264.42 211,314,397.70 : 128,366,911.18 211,248,098.24 46

6,303,053.78 66,299.46 66,299.46 134,736,264.42 211,314,397.70 1..1 1 2 2004.12.31 2005.06.30 32,288 32,288 3 2004.12.31 2005.06.30 17,380.93 2027.78 15,353.15 4 2 1 2005 1-6 2004 2,110,906.87 1,359,728.10 392,000.00 6,311,500.00 47

646,226.27 16,301,387.26 2,534,738.43 1,225,000.00 30,000.00 2 2005 1-6 2004 1,447,620.62 771,049.05 669,959.80 1,720,147.65 76,034.87 172,187.14 240,442.79 3 2005 1-6 2004 289,205.20 3,521,825.33 10,477,878.75 271,115,504.77 1,311,023.52 2,875,022.44 8,172,870.91 14,876,232.59 5,790,276.50.2. 11 4 2005 1-6 2004 550,000.00 204,166.67 5 2005 1-6 2004 17,358,850.05 286,136,126.74 52,178,952.21 26,726,747.00 1,548,011.22 48

756,912.89 10,947,853.40 66,760,507.24 22,364,852.83 38,376,153.21 696,951.79 6 2005 1-6 2004 2,154,893.57 22,718,899.83 637,548.82.2. 11 7 2005 1-6 2004 1,265,696.52 4,131,966.95 1,393,430.41 2,087,219.52 455,918.49 1,207,166.73 235,708.30 645,006.81 43,524.05 946,259.70 182,589.23 8 2005.06.30 2004.12.31 696,951.79 0.45% 730,172.53 0.63% 696,951.79 0.45% 730,172.53 0.63% 11,381,194.04 4.54% 11,381,194.04 4.54% 49

10,000,000.00 6.62% 20,000,000.00 13.10% 10,000,000.00 6.62% 20,000,000.00 13.10% 2,539,982.65 2.08% 2,744,252.10 3.19% 2,404,474.70 1.97% 2,811,814.37 3.27% 6,585.71 0.01% 32,332,791.33 26.49% 1,117,892.28 1.30% 37,277,248.68 30.54% 6,680,544.46 7.77% 9 2005 6 30 1,151,000,000.00 200,000,000.00 2005 6 30 8,000,000.00 2005 7 26 ( ) 2,000 1,500 75% 10,000 3,180 13,180 70% 92.76% 7-8 3 2005 1-6 38,148 108,157 8,390 420 110 50

1 1 2005 3 24 63615 1500 2005 3 24 2007 3 23 2 2005 1 5 32269.76 55735 4700 2005 1 10 2010 1 7 3 2005 4 1 64349.79 96666 10300 2005 4 5 2010 4 2 2 2005 6 30 64,002,000.00 2005 6 30 30,000,000.00 3 4 51

5,386,729.61 4,338,000.00-187,217.73 5,455,375.28 57,983.13 - -2,248,933.07 12,801,937.22 1 2003 8 120 15% 2 318,000,000.00, 162,000,000.00 2006 6 17 52

2005 8 25 53

2005 6 30 2005.6.30 2004.12.31 2005.6.30 2004.12.31 : 1 796,448,828.59 806,905,707.96 755,843,092.73 764,860,406.45 2 48,791,816.59 30,224,427.91 3 151,029,609.70 152,664,714.59 142,888,837.70 151,054,714.59 4 763,969,398.82 607,096,573.45 317,371,854.28 109,408,997.09 5 145,751,962.75 109,939,987.14 1,045,116,640.89 1,071,724,599.82 6 250,492,703.24 147,129,029.66 233,846,077.21 137,953,337.92 71,197,219,700.04 1,140,679,353.93 409,575,442.25 514,632,897.13 8 10,800,641.87 4,549,620.81 10,727,823.25 4,391,442.78 3,364,504,661.60 2,999,189,415.45 2,915,369,768.31 2,754,026,395.78 9 55,292,003.73 21,296,373.13 809,777,143.82 654,860,697.59 55,292,003.73 21,296,373.13 809,777,143.82 654,860,697.59 10 881,278,789.81 814,993,583.80 491,470,764.96 478,869,025.27 10 160,422,474.44 126,074,513.44 98,423,844.85 78,897,812.40 10 720,856,315.37 688,919,070.36 393,046,920.11 399,971,212.87 10 6,695,932.35 6,695,932.35 6,536,804.13 6,536,804.13 10 714,160,383.02 682,223,138.01 386,510,115.98 393,434,408.74 11 61,691,781.43 25,883,613.19 60,233,856.43 25,635,213.19 12 657,463,292.89 549,879,942.02 272,105,371.56 235,282,993.78 1,433,315,457.34 1,257,986,693.22 718,849,343.97 654,352,615.71 13 44,987,283.04 44,483,175.88 44,898,369.04 44,388,759.88 14 473,370.90 576,966.56 45,460,653.94 45,060,142.44 44,898,369.04 44,388,759.88 4,898,572,776.61 4,323,532,624.24 4,488,894,625.14 4,107,628,468.96 1 42

2005 6 30 2005.6.30 2004.12.31 2005.6.30 2004.12.31 15 1,475,650,000.00 1,188,550,000.00 1,384,650,000.00 1,146,000,000.00 16 169,457,759.87 263,326,080.98 148,272,554.75 268,788,080.98 17 450,782,780.93 422,454,860.11 414,499,050.08 410,577,123.27 18 89,225,759.09 131,605,755.88 16,540,857.87 41,263,990.92 19 5,482,315.99 7,336,024.06 1,002,271.08 4,576,412.15 12,697,281.30 22,231,402.71 11,280,540.25 14,875,248.50 20 49,673,200.00 1,673,200.00 49,673,200.00 1,673,200.00 21 41,617,933.39 35,189,959.74 43,006,370.60 49,553,214.26 22 3,527,137.48 5,855,499.17 58,927.16 2,974,405.07 23 122,064,956.07 85,971,862.73 144,888,280.09 98,673,293.79 24 1,503,302.94 646,208.84 636,166.78 295,748.39 2,421,682,427.06 2,164,840,854.22 2,214,508,218.66 2,039,250,717.33 25 400,000,000.00 200,000,000.00 300,000,000.00 200,000,000.00 400,000,000.00 200,000,000.00 300,000,000.00 200,000,000.00 2,821,682,427.06 2,364,840,854.22 2,514,508,218.66 2,239,250,717.33 60,444,428.69 52,385,173.82 26 480,000,000.00 240,000,000.00 480,000,000.00 240,000,000.00 26 480,000,000.00 240,000,000.00 480,000,000.00 240,000,000.00 27 603,527,352.73 843,520,558.13 603,527,352.73 843,520,558.13 28 187,949,950.75 187,949,950.75 138,144,988.18 138,144,988.18 28 62,649,983.59 62,649,983.59 46,048,329.40 46,048,329.40 29 744,968,617.38 634,836,087.32 752,714,065.57 646,712,205.32 48,000,000.00 48,000,000.00 2,016,445,920.86 1,906,306,596.20 1,974,386,406.48 1,868,377,751.63 4,898,572,776.61 4,323,532,624.24 4,488,894,625.14 4,107,628,468.96 2 42

2005 1-6 2005 1-6 2004 1-6 2005 1-6 2004 1-6 30 1,272,321,400.49 1,566,334,173.10 334,369,600.94 548,226,480.50 31 817,455,459.59 1,063,798,949.04 228,432,626.74 487,216,040.76 5,657,434.08 7,497,099.58 1,033,959.74 2,049,316.43 449,208,506.82 495,038,124.48 104,903,014.46 58,961,123.31 32 12,610,321.20 3,584,964.08 10,862,186.81 2,155,689.90 148,896,487.32 102,975,063.44 42,068,363.25 19,808,446.33 104,358,625.23 132,241,177.59 13,841,075.17 58,540,408.58 33 48,090,482.50 20,617,567.59 46,286,324.28 6,713,379.11 160,473,232.97 242,789,279.94 13,569,438.57-23,945,420.81 34 6,237,645.22-10,670,595.05 134,736,264.42 211,314,397.70 35 4,338,000.00 1,304,530.73 4,338,000.00 953,000.00 36 6,336,357.89 4,760,433.87 5,713,332.00 4,484,731.19 37 1,797,306.78 1,737,249.63 1,720,893.12 1,675,234.43 175,587,929.30 236,446,399.86 156,636,141.87 191,131,473.65 38 8,489,866.98 22,200,261.72 2,634,281.62 689,857.63 8,965,532.26 9,910,179.30 158,132,530.06 204,335,958.84 154,001,860.25 190,441,616.02 4 42

2005 1-6 2005 1-6 2004 1-6 2005 1-6 2004 1-6 158,132,530.06 204,335,958.84 154,001,860.25 190,441,616.02 634,836,087.32 524,056,149.94 646,712,205.32 502,006,903.19 792,968,617.38 728,392,108.78 800,714,065.57 692,448,519.21 792,968,617.38 728,392,108.78 800,714,065.57 692,448,519.21 48,000,000.00 120,000,000.00 48,000,000.00 120,000,000.00 744,968,617.38 608,392,108.78 752,714,065.57 572,448,519.21 5 42

2005 1-6 51,378,390.21 9,294,515.04 60,672,905.25 44,900,499.58 6,498,125.84 51,398,625.42 6,477,890.63 2,796,389.20 9,274,279.83 5,525,596.53 57,983.13 5,467,613.40 5,525,596.53 57,983.13 5,467,613.40 3,455,977.30 3,455,977.30 1,726,028.33 1,726,028.33 1,729,948.97 1,729,948.97 6,695,932.35 6,695,932.35 3,313,965.05 3,313,965.05 159,128.22 159,128.22 2,033,139.90 2,033,139.90 1,189,699.18 1,189,699.18 3 42

2005 1-6 : % % / / 22.277 22.626 0.936 0.936 7.958 8.083 0.334 0.334 7.842 7.965 0.329 0.329 7.207 7.320 0.303 0.303 6 42

1,298,385,050.83 319,111,634.25 4,338,000.00 4,338,000.00 12,481,716.86 1,075,927,524.57 1,315,204,767.69 1,399,377,158.82 1,184,044,012.70 526,845,857.40 88,730,603.07 34,639,964.98 77,368,612.36 29,632,132.87 39 181,731,330.65 1,011,808,468.59 1,531,874,558.78 1,602,926,423.84-216,669,791.09-203,549,265.02 6,475,552.76 1,184,322.00 1,184,322.00 2,526,951.60 2,238,721.60 10,186,826.36 3,423,043.60 190,688,376.41 73,337,193.04 54,122,454.25 28,950,278.21 244,810,830.66 102,287,471.25-234,624,004.30-98,864,427.65 964,358.10 1,155,650,000.00 978,650,000.00 1,156,614,358.10 978,650,000.00 668,550,000.00 640,000,000.00 47,227,442.08 45,253,621.05 715,777,442.08 685,253,621.05 440,836,916.02 293,396,378.95-10,456,879.37-9,017,313.72 2005 1 6 13 42

( ) 2005 1 6 1 158,132,530.06 154,001,860.25 8,965,532.26 9,236,531.91 9,019,332.62 36,496,387.44 21,674,458.89 1,281,560.14 1,276,058.14 111,288.12-6,251,021.06-6,336,380.47 857,094.10 340,418.39 916,324.17 1,164,122.49 47,227,442.08 45,253,621.05-6,179,662.09-134,736,264.42-56,540,346.11 104,164,237.53-305,042,896.85-279,436,105.42-105,880,555.26-119,934,624.07-216,669,791.09-203,549,265.02 2 3 796,448,828.59 755,843,092.73 806,905,707.96 764,860,406.45-10,456,879.37-9,017,313.72 14 42