2004 ( ) ( ): Shanxi Xishan Coal and Electricity Power Co.,Ltd x

2004 ---------------------------------- ---------------------- ------------------------------ -------------------------------------- 9 ---------------------------------- ---------------------------------------- 11 ---------------------------------------- 19 ------------------------------------------ 20 ------------------------------------------ 22 ------------------------------------

2004 ( ) ( ): Shanxi Xishan Coal and Electricity Power Co.,Ltd 319 0351-6137052 0351-6127434 319 0351-6127434 xsstock@public.ty.sx.cn 319 319 030053 xishanco@public.ty.sx.cn : http://www.cninfo.com.cn 000983 2002 1 11 1400001007428(2-1) 140116713676510 67 21 1

2004 901,830,745.55 632,440,686.96 627,649,149.20 1,384,010,509.02 18,759,413.12 910,728,888.83-1,292,086.60 2,048,571.24-9,654,627.92 769,235,955.86 239,275,942.85 1-1,292,086.60 2 9,341,203.97 2 1,146,866.24 3-10,801,494.16 4 3,186,027.21 ( : ) 2002 2004 2003 3,759,723,516.35 2,848,284,561.77 2,097,067,772.52 2,097,067,772.52 632,440,686.96 299,559,947.37 203,101,040.53 204,332,664.54 7,744,638,769.53 5,395,107,814.87 4,514,110,709.51 4,514,110,709.51 3,839,226,195.74 3,312,764,646.78 3,093,665,399.41 3,014,097,023.42 0.78 0.37 0.25 0.25 4.75 4.10 3.83 3.73 4.69 4.02 3.81 3.72 0.95 0.93 0.39 0.39 % 16.47 9.04 6.57 6.78 % 16.35 8.89 6.61 6.77 9 % / 36.05 39.00 1.71 1.71 2

2004 23.72 25.67 1.13 1.13 16.47 17.82 0.78 0.78 16.43 17.78 0.78 0.78 808,000,000.00 808,000,000.00 1,779,846,696.03 55,620,862.00 1,835,467,558.03 162,706,627.29 94,866,103.05 257,572,730.34 54,235,542.43 31,622,034.35 85,857,576.78 562,211,323.46 536,974,583.91 161,000,000 3,312,764,646.78 687,461,548.96 161,000,000 3,839,226,195.74 938,185,907.37 1 1 520,000,000 0 520,000,000 0 0 520,000,000 0 520,000,000 0 0 2 0 3 0 4 0 520,000,000 0 520,000,000 0 1288,000,000 0 288,000,000 2 0 3 0 4 0 288,000,000 0 288,000,000 2 1 3

2004 2 3 1 2004 12 31 29587 5 29582 2 2004 12 31 % 509,530,000 63.06 11,702,782 1.45 9,200,042 1.14 8,450,835 1.05 8,183,559 1.01 7,775,811 0.96 7,201,226 0.89 6,976,130 0.86 6,436,097 0.80 6,411,386 0.79 : 5 5% 5 2004 12 31 11,702,782 A 9,200,042 A 8,450,835 A 8,183,559 A 7,775,811 A 7,201,226 A 6,976,130 A 6,436,097 A 4

2004 6,411,386 A 6,322,043 A 5 5 3 2001 10 12 397172 63.06% 100% 1 56 2002.4-2005.4 2001.11-57 2002.4-2005.4 2001.11-54 2002.4-2005.4 2001.11-47 2002.4-2005.4 2004.12-5

2004 43 2004.4-2005.4 47 2004.4-2005.4 42 2004.4-2005.4 61 2002.4-2005.4 51 2002.4-2005.4 45 2002.4-2005.4 34 2003.4-2005.4 37 2003.4-2005.4 44 2004.4-2005.4 58 2002.4-2005.4 52 2002.4-2005.4 44 2002.4-2005.4 45 2004.4-2005.4 57 2002.4-2005.4 2003.12-2003.12-2003.12-2004.12-2003.12-2003.12-2003.12-1994.10-2 50 2002.4-2005.4 54 2002.4-2005.4 42 2004.4-2005.4 36 2002.4-2005.4 47 2002.6-2005.4 48 2002.4-2005.4 2004 4 18 2003 2004 3 16 6

2004 7

2004 2004 175931.45 167925.30 140704.11 111466.03 30000.00 30000.00 30000.00 30000.00 75361.31 35400.00 59200.00 108571.61 108966.97 8

2004 59655.87 1163182.65 484560.86 420095.44 3 2004 4 18 2003 2004 3 16 2004 12 31, 21461 17195 80.12% 1981 9.23% 796 3.58% 164 0.76% 192 0.89% 1133 5.28% 16 572 1798 1106 6128 11841 0 1 2 3 9

2004 4 1 7 7 0 0 7 6 1 0 7 7 0 0 5 5 0 0 2 1 2 3 4 5 2003 2003 1 2004 3 18 2004 4 18 2003 11 70.85% 10

2004 2 12003 22003 32003 42003 5 6 7 8 9 10 11 2004 12 2004 4 19 3 2004 1 2004 7 28 2004 8 30 9 70.29% 2 1 2 3 2004 8 31 2004 11

2004 1283 6.83% 1117, 2.79% 787 2.72% 1090, 1.21% 760 3.12% 49 71.68 % 334.71 /, 37.83% 375972.35 32.00% 90183.07 107.10% % % % % 3,284,460,971.77 87.36 2,124,388,663.19 90.69 1,160,072,308.58 81.86 35.32 312,338,044.82 8.31 198,541,533.00 8.48 113,796,511.82 8.03 36.43 2,972,122,926.95 79.05 1,925,847,130.19 82.21 1,046,275,796.76 73.83 35.20 124,488,525.64 3.31 15,992,024.91 0.68 108,496,500.73 7.66 87.15 325,061,245.88 8.65 182,261,895.25 7.78 142,799,350.63 10.08 43.93 4,028,767.30 0.11 773,734.23 0.03 3,255,033.07 0.23 80.79 21,684,005.76 0.58 19,159,847.70 0.82 2,524,158.06 0.18 11.64 3,759,723,516.35 100.00 2,342,576,165.28 100.00 1,417,147,351.07 100.00 37.69 1 :500 2004 500 2003 2 11 2005 2 20 2 50629 20% 55% 45% 2004 12 31 40717 204667.14 40764.58 3 29751.56 80% 20% 2004 8 [2004]6 [2004]51 12

2004 3 50MW 2004 29751.56 43929 4000 16127.75 80% 90.89% 2004 12 31 43929 74291.05 43929 4 3000 90% 10% 2004 8 2004 1.2 1.5 98% 2004 12 31 15000 37411.84 15000 5 3000 2.93% 10.25 1 12,646.69 29.87% 6,584,165.21 15.73% 17,003,794.04 4.02% 16,471,788.77 3.89% 16,006,742.00 3.78% 10,400,390.98 2.46% 2 146,534.90 38.97% 374,939,817.38 9.97% 355,894,657.03 9.47% 319,456,595.74 8.50% 13

2004 286,756,824.10 7.63% 128,301,105.31 3.41% 2004 12 31 3000 1 1 2000-10-20 263107 2001-09-30 4963 2000-09-01 2003-04-09 87858 2 1# 2# 50% 1# 2004 1# 2# 2005 6 8 2 600MW 2004 149604 200665 75380 91626 33659 3 A 1# 2# 1# 2005 7 2# 2005 11 [2004]6 51 2004 8 30 2004 3#50MW 2006 2 2004 19877 33454 9745 21065 2644 B 4 14

2004 [2004]6 51 50MW 2004 16127.75 2004 8 31 (4) 5000 1000 28850 2 1, 2004 1.2 1.5 98% 6086 2005 150 1500 2004 14971 1710 9754 3507 2 2004 1 6 5000 1 2004 1-12 2003 1-12 % 3,759,723,516.35 2,848,284,561.77 32.00% 1,384,010,509.02 969,910,337.14 42.69% 18,759,413.12 12,133,406.63 54.61% 181,399,474.94 268,547,553.26-32.45% 310,557,484.26 263,276,751.14 17.96% 84,074.11 24,002,940.68-99.65% -1,292,086.60 14,462,933.76-108.93% 2,048,571.24 2,367,478.42-13.47% -9,654,627.92-7,599,671.36 27.04% 632,440,686.96 299,559,947.37 111.12% 239,275,942.85 530,099,414.54-54.86% 15

2004 2 2004 12 31 2003 12 31 % 7,744,638,769.53 5,395,107,814.87 43.55% 1,795,542,892.23 1,556,266,949.38 15.37% 350,189,663.89 385,275,749.82-9.11% 291,461,923.08 187,299,692.51 55.61% 30,000,000.00 30,000,000.00 0.00% 1,837,135,145.42 1,772,565,730.88 3.64% 1,964,162,156.84 670,600,000.00 192.90% 3,839,226,195.74 3,312,764,646.78 15.89% 3 1130 692 1033 : 1 2 3 4 16

2004 1 1 2004 3 16 2003 2003 2003 2003 2004 2003 2004 < > 2004 2003 2003 3 18 2 2004 4 20 2004 3 2004 7 26 2004 2004 2004 7 28 4 2004 10 18 2004 2004 1 2004 1 6 5000 2 2004 6 28 2004 6 30 3 2004 11 10 2004 11 11 2 1 2003 2004 4 18 2003 2003 12 31 80800 10 2 2004 6 10 17

2004 2004 6 15 16 2004 6 16 2 2003 3 91072.89 1 562,211,323.46 2004 161,600,000.00 2004 632,440,686.96 10% 5% 94,866,103.05 938,185,907.37 242,400,000.00 2004 12 31 80800 10 3 24240 10 5 1 2004 7 1 2 ( ) : 2004 12 31 2003.12.31 2004.12.31 3,087,826.57 41,092,287.79 44,147,814.36 32,300.00 10,205,287.88 12,919,884.46 14,062,158.25 9,063,014.09 411,830.99 875,711,207.29 875,936,106.95 186,931.33 -- 117,385,861.02 38,033,943.63 79,351,917.39 14,334,126.55 57,925,273.37 38,341,693.63 33,917,706.29 -- 2,550,000.00 -- 2,550,000.00 2004 12 31 200,000,000.00 2004.4.2-2005.3.10 160,000,000.00 2003.8.21-2017.8.20 500,000,000.00 2004.1.7-2017.8.20 300,000,000.00 2004.6.22-2012.12.3 1,160,000,000.00 18

2004 1 2 3 4 5 6 3 [2003]56 [2003]56 2 [2003]56 1 a 50% b c 2003 2 a b a b c d e c d 19

2004 1 2004 3 16 2003 2003 2003 2004 2003 2004 3 18 2 2004 7 26 2004 2004 7 28 1 2 3 4 5 1. 2004 2003 38,164,152.38 22,243,491.06 482,649,463.08 268,347,568.22 124,329,430.41 101,002,442.66 15,751,008.65 13,126,672.30 124,364,784.86 261,467,752.98 51,391,497.79 -- 21,099,302.57 19,807,193.10 -- 2,125,360.00 1,029,751.64 1,087,237.18 20

2004 10,774,145.57 3,718,559.04 2. 2004 2003 4,616,257.53 25,984,158.31 60,000.00 50,020.70 1,296,109.44 1,110,130.49 40,824,421.23 10,070,398.77 52,500.00 8,928,699.80 9,063,630.89 8,135,352.65 1,230,000.77 -- 3 2004.12.31 2003.12.31 2004.12.31 2003.12.31 32,300.00 3,087,826.57 0.01% 0.86% 186,931.33 411,830.99 0.19% 0.16% 9,063,014.09 10,205,287.88 9.57% 18.92% 33,917,706.29 14,334,126.55 8.51% 3.86% 79,351,917.39 -- 18.46% -- 2,550,000.00 -- 42.43% -- 1 2 1 2004 4 7 5 (2004 2 14 ) (2017 10 13 2003 10 22 2.2 / 7.2 2 2004 3 16 2 (2005 3 26 ) 21

2004 3 2004 7 26 3 2012 6 10 5% 6 2004 2003 2002 100 100 80 0 0 0 19,139,056.31 2005 1 10 1 2004 4 19 2003 2 2004 8 31 22

2004 2005 0106 2004 12 31 2004 2004 12 31 2004 2005 2 20 23

2004 2004 12 31 2004.12.31 2003.12.31 1 1,795,542,892.23 1,556,266,949.38 2 48,664,978.07 50,000,000.00 3 755,212,601.77 361,786,085.79 -- -- -- -- 4 263,776,548.76 335,817,648.54 5 86,413,115.13 49,458,101.28 6 100,684,250.36 254,316,648.94 -- -- 7 291,461,923.08 187,299,692.51 -- -- -- -- -- -- 8 10,153,581.00 31,495,211.09 3,351,909,890.40 2,826,440,337.53 9 30,000,000.00 30,000,000.00 -- -- 30,000,000.00 30,000,000.00 10 3,490,364,704.93 3,379,252,056.93 10 1,653,229,559.51 1,606,686,326.05 1,837,135,145.42 1,772,565,730.88 -- -- 1,837,135,145.42 1,772,565,730.88 11 557,079,051.11 121,480,240.36 12 1,864,159,918.18 563,317,822.05 -- -- 4,258,374,114.71 2,457,363,793.29 13 63,188,113.21 64,933,725.80 14 41,166,651.21 16,369,958.25 -- -- 104,354,764.42 81,303,684.05 -- -- 7,744,638,769.53 5,395,107,814.87 24

2004 2004 12 31 2004.12.31 2003.12.31 15 316,800,000.00 292,920,000.00 16 6,010,000.00 -- 17 429,854,064.80 225,919,685.77 18 314,603,580.34 209,693,390.19 19 59,908,940.23 54,251,471.38 20 26,216,199.02 21,881,189.24 -- -- 21 125,787,348.00 74,603,298.67 22 12,254,913.00 3,893,100.00 23 398,616,293.28 371,556,304.41 -- -- 24 40,000,000.00 -- 25 5,401,495.78 3,477,145.93 1,735,452,834.45 1,258,195,585.59 26 1,942,500,000.00 663,400,000.00 -- -- 27 14,462,156.84 -- 28 7,200,000.00 7,200,000.00 -- -- 1,964,162,156.84 670,600,000.00 -- -- 3,699,614,991.29 1,928,795,585.59 205,797,582.50 153,547,582.50 29 808,000,000.00 808,000,000.00 30 1,835,467,558.03 1,779,846,696.03 31 257,572,730.34 162,706,627.29 85,857,576.78 54,235,542.43 32 938,185,907.37 562,211,323.46 242,400,000.00 161,600,000.00 3,839,226,195.74 3,312,764,646.78 7,744,638,769.53 5,395,107,814.87 25

2004 2004 12 31 2004.12.31 2003.12.31 1,135,495,996.72 1,410,633,804.92 48,664,978.07 50,000,000.00 755,212,601.77 361,786,085.79 -- -- -- -- 1 263,776,548.76 335,817,648.54 2 73,674,302.27 49,458,101.28 60,059,890.36 46,372,491.35 -- -- 291,461,923.08 187,299,692.51 -- -- -- -- -- -- 10,153,581.00 31,495,211.09 2,638,499,822.03 2,472,863,035.48 3 826,138,242.50 416,848,242.50 -- -- 826,138,242.50 416,848,242.50 3,476,531,075.30 3,374,618,636.34 1,650,895,684.83 1,605,926,009.10 1,825,635,390.47 1,768,692,627.24 -- -- 1,825,635,390.47 1,768,692,627.24 -- -- 13,311,685.00 11,730,860.00 -- -- 1,838,947,075.47 1,780,423,487.24 63,188,113.21 64,933,725.80 10,318,316.80 10,552,824.00 -- -- 73,506,430.01 75,486,549.80 -- -- 5,377,091,570.01 4,745,621,315.02 26

2004 2004 12 31 2004.12.31 2003.12.31 116,800,000.00 292,920,000.00 6,010,000.00 -- 296,327,806.36 194,339,708.79 314,603,580.34 209,693,390.19 59,697,626.43 54,251,471.38 24,289,742.74 21,830,753.01 -- -- 126,218,335.76 74,603,298.67 12,256,390.10 3,893,100.00 357,098,239.92 297,247,800.27 -- -- 40,000,000.00 -- 5,401,495.78 3,477,145.93 1,358,703,217.43 1,152,256,668.24 157,500,000.00 273,400,000.00 -- -- 14,462,156.84 -- 7,200,000.00 7,200,000.00 -- -- 179,162,156.84 280,600,000.00 -- -- 1,537,865,374.27 1,432,856,668.24 -- -- 808,000,000.00 808,000,000.00 1,835,467,558.03 1,779,846,696.03 257,572,730.34 162,706,627.29 85,857,576.78 54,235,542.43 938,185,907.37 562,211,323.46 242,400,000.00 161,600,000.00 3,839,226,195.74 3,312,764,646.78 5,377,091,570.01 4,745,621,315.02 27

2004 2004 2004 2003 33 3,759,723,516.35 2,848,284,561.77 33 2,342,576,165.28 1,865,493,446.40 34 33,136,842.05 12,880,778.23-1,384,010,509.02 969,910,337.14-35 18,759,413.12 12,133,406.63 181,399,474.94 268,547,553.26 310,557,484.26 263,276,751.14 36 84,074.11-910,728,888.83 426,216,498.69-37 -1,292,086.60 14,462,933.76 38 2,048,571.24 2,367,478.42 39 1,146,866.24 417,990.60 40 10,801,494.16 8,017,661.96-901,830,745.55 435,447,239.51 269,390,058.59 135,887,292.14 632,440,686.96 299,559,947.37 562,211,323.46 388,385,368.20 1,194,652,010.42 687,945,315.57 63,244,068.70 29,955,994.74 31,622,034.35 14,977,997.37 1,099,785,907.37 643,011,323.46 -- -- -- -- 161,600,000.00 80,800,000.00 -- -- - 938,185,907.37 562,211,323.46 1-- -- 2 -- -- 3-- -- 4-- -31,150,233.80 5 24,002,940.68.1-1,816,907.13 -- 6 -- -- 28

2004 2004 2004 2003 4 3,759,723,516.35 2,848,284,561.77 4 2,342,576,165.28 1,865,493,446.40 33,136,842.05 12,880,778.23-1,384,010,509.02 969,910,337.14-18,759,413.12 12,133,406.63 181,399,474.94 268,547,553.26 310,557,484.26 263,276,751.14 84,074.11 24,002,940.68-910,728,888.83 426,216,498.69-5 -1,292,086.60 14,462,933.76 2,048,571.24 2,367,478.42 1,146,866.24 417,990.60 10,801,494.16 8,017,661.96-901,830,745.55 435,447,239.51 269,390,058.59 135,887,292.14 632,440,686.96 299,559,947.37 562,211,323.46 388,385,368.20 1,194,652,010.42 687,945,315.57 63,244,068.70 29,955,994.74 31,622,034.35 14,977,997.37 1,099,785,907.37 643,011,323.46 -- -- -- -- 161,600,000.00 80,800,000.00 -- -- - 938,185,907.37 562,211,323.46 1-- -- 2 -- -- 3-- -- 4-- -31,150,233.80 5.1-1,816,907.13 -- 6 -- -- 29

2004 2004 1 4,707,161,474.33 632,440,686.96 1,160,746.55-8,049,117.37 41 14,921,151.33 182,290,854.44 4,723,243,372.21 1,745,612.59 1,818,370,624.24 234,507.20 554,947,219.31 -- 567,932,715.92 -- 42 1,012,756,856.88-483,760.00 3,954,007,416.35 8,295,842.43 769,235,955.86 17,474.11 -- -- -- -- -94,887,989.06 -- -286,261,123.46 -- 333,892,968.02 -- -- 49,957,064.67 43 7,000,000.00 1,651,438,364.27 1,594,481,299.60 769,235,955.86-1,651,438,364.272 -- 10,000,000.00 -- 1,711,800,000.00 -- -- 1,721,800,000.00 368,820,000.00 231,455,378.82 3 46,269.92 1,795,542,892.23 600,321,648.74 1,556,266,949.38 1,121,478,351.26 -- -- -- 239,275,942.85 239,275,942.85 30

2004 2004 1 4,707,161,474.33 632,440,686.96 1,160,746.55-8,049,117.37 14,921,151.33 182,290,854.44 4,723,243,372.21 1,745,612.59 1,818,370,624.24 234,507.20 554,947,219.31 -- 567,932,715.92 -- 1,012,756,856.88-483,760.00 3,954,007,416.35 8,295,842.43 769,235,955.86 17,474.11 -- -- -- -- -94,887,989.06 -- -286,261,123.46 -- 333,892,968.02 -- -- 163,854,117.55 769,235,955.86 459,247,064.67 -- -- 623,101,182.22-623,101,182.222 -- -- -- 116,800,000.00 -- -- 116,800,000.00 368,820,000.00 169,206,311,92 3 46,269.92 1,135,495,996.72 538,072,581.84 1,410,633,804.92-421,272,581.84 -- -- -- -275,137,808.20-275,137,808.20 31

2004 2004 27,269,263.43 3,869,085.81 -- 13,210,289.78 13,210,289.78 17,928,059.46 22,801,779.91 -- -- 13,210,289.78 13,210,289.78 9,591,490.13 4,467,483.52 3,869,085.81 -- -- -- 8,336,569.33 -- 1,292,086.60 -- -- -- 1,292,086.60 -- -- -- -- -- -- -- 1,292,086.60 -- -- -- 1,292,086.60 32

2004 2004 27,269,263.43 3,850,908.94 -- 13,210,289.78 13,210,289.78 17,909,882.59 22,801,779.91 -- -- 13,210,289.78 13,210,289.78 9,591,490.13 4,467,483.52 3,850,908.94 -- -- -- 8,318,392.46 -- 1,292,086.60 -- -- -- 1,292,086.60 -- -- -- -- -- -- -- 1,292,086.60 -- -- -- 1,292,086.60 33

2004 2004 [1999] 12 1999 4 26 744,114,976.03 5,000,000.00 3,000,000.00 6,800,000.00 500,000.00 744,114,976.03 1999 13 1999 129 199931 68.47% 520,000,000 1 520,000,000.00 239,414,976.03 [2000]81 2000 6 22 2000 7 14 A 28,800 1 6.49 17,280 11,520 2000 7 26 808,000,000.00 2001 8 31 90%, 34

2004 10% 2003 52,585 55% 45% 2003 2004 15,000, 98% 2% 2003 4 2002 2004 16,127.75, 43,929, 90.98% 9.02% 1 2 1 1 12 31 3 35

2004 4 5 6 7 8 1 1% 1-2 5% 36

2004 9 2-3 10% 3-5 50% 5 100%, 10 37

2004 10 11 2,000.00 89 302 2.50 / 3% % 20 35 3 2.77%-4.85% 11 3 8.82% 10 22 3 4.41% 9.7% 8 3 12.13% 2.5 12 38

2004 13 14 50 30 15 16 [2004]119 39

2004 [2004]320 8.50 6.00 2.50 15.00 17 18 19 1995 11 1 1 17% 13% 40

2004 [2004] 75 2 5% 3 3.20 / [2004]187 2004 7 1, 0.80 / 3.20 / 4 7% 5 3% 2 3 33% 50% * 24 1998.6.6 500 450 90% ** 2003.2.27 40717 24492 55% *** 2003.5.14 43929 39929 90.89% 75 2003.8.8 15000 14700 98% **** * 450 90% 2001 ** 40,717 2004 12 31 24,492 55% 2003 *** 2004 41

2004 16,127.75, 43,929, 39,929, 80% 90.89% 2003 **** 2004 15,000, 14,700, 90% 98% 2003 1 2 10% 3 5% 4 1 * 2 2004.12.31 2003.12.31 161,566.36 328,172.07 1,795,338,390.54 1,555,938,777.31 * 42,935.33 -- 1,795,542,892.23 1,556,266,949.38 2004.12.31 2003.12.31 * 49,957,064.67 48,664,978.07 1,292,086.60 -- -- -- ** -- -- -- 50,000,000.00 -- -- 49,957,064.67 48,664,978.07 1,292,086.60 50,000,000.00 -- -- 42

2004 * ** 2004 3 16 50,000,000.00 2006 12 31 10,000,000.00 3 : 755,212,601.77 393,426,515.98 4 2004.12.31 2003.12.31 735,238,082.56 361,786,085.79 19,974,519.21 -- 755,212,601.77 361,786,085.79 1 2004.12.31 2003.12.31 1 252,393,971.71 92.33% 2,523,939.72 1% 307,842,249.00 85.84% 3,078,422.49 1% 1-2 4,136,734.33 1.51% 206,836.72 5% 4,518,373.46 1.26% 225,918.67 5% 2-3 3,894,881.47 1.43% 389,488.00 10% 9,079,910.61 2.53% 907,991.06 10% 3-5 12,942,451.38 4.73% 6,471,225.69 50% 37,178,895.38 10.37% 18,589,447.69 50% 5 -- -- -- 100% -- -- -- 100% 273,368,038.89 100% 9,591,490.13 358,619,428.45 100% 22,801,779.91 2 5% 5% 3 151,958,435.09 55.59% 5 1 2004.12.31 2003.12.31 1 69,186,544.64 73.02% 582,472.42 1% 40,491,305.38 75.09% 404,913.06 1% 1-2 13,012,188.96 13.74% 650,609.45 5% 5,368,184.43 9.96% 268,409.22 5% 43

2004 2-3 4,171,822.95 4.40% 417,182.30 10% 620,454.01 1.15% 62,045.40 10% 3-5 3,385,645.50 3.57% 1,692,822.75 50% 7,427,050.28 13.77% 3,713,525.14 50% 5 4,993,482.41 5.27% 4,993,482.41 100% 18,590.70 0.03% 18,590.70 100% 94,749,684.46 100% 8,336,569.33 53,925,584.80 100% 4,467,483.52 2 5% 5% 3 63,868,833.86 67.41% 4 94,749,684.46, 40,824,099.66, 40,000,000.00 5 10,939,302.64 6 1 2004.12.31 2003.12.31 1 99,955,623.21 99.28% 254,008,074.65 99.88% 1-2 728,627.15 0.72% 308,574.29 0.12% 2-3 -- -- -- -- 3-5 -- -- -- -- 5 -- -- -- -- 100,684,250.36 100.00% 254,316,648.94 100.00% 2 5% 5% 3 31,652,000.00, 31.44% 4 100,684,250.36, 153,632,398.58, 7 2004.12.31 2003.12.31 44

2004 1,840,825.13 -- 1,840,825.13 5,199,057.81 -- 5,199,057.81 164,297,132.59 -- 164,297,132.59 129,596,886.93 -- 129,596,886.93-16,479,663.64 -- -16,479,663.64-772,332.59 -- -772,332.59 141,726,629.00 -- 141,726,629.00 51,784,692.05 -- 51,784,692.05 -- -- -- 1,491,388.31 -- 1,491,388.31 77,000.00 -- 77,000.00 -- -- -- 291,461,923.08 -- 291,461,923.08 187,299,692.51 -- 187,299,692.51 1 291,461,923.08, 104,162,230.57, 2 8. : 2004.12.31 2003.12.31 10,153,581.00 31,495,211.09 10,153,581.00 31,495,211.09 10,153,581.00, 21,341,630.09, 9. 1 2003.12.31 2004.12.31 30,000,000.00 -- 30,000,000.00 -- -- 30,000,000.00 -- 30,000,000.00 30,000,000.00 -- 30,000,000.00 -- -- 30,000,000.00 -- 30,000,000.00 (2) 2004.12.31 30,000,000.00 -- 30,000,000.00 2.70% -- -- -- 30,000,000.00 -- 30,000,000.00 -- -- -- 10 45

2004 1 2003.12.31 2004.12.31 659,507,277.77 20,657,534.02 537,470.00 679,627,341.79 703,232,866.13 45,561,544.47 -- 748,794,410.60 482,041,576.79 19,251,294.21 127,581,868.62 373,711,002.38 77,426,967.93 16,563,813.57 15,585,670.19 78,405,111.31 1,457,043,368.31 287,269,896.01 134,486,425.47 1,609,826,838.85 3,379,252,056.93 389,304,082.28 278,191,434.28 3,490,364,704.93 247,782,192.54 29,499,699.85 -- 277,281,892.39 320,568,416.26 48,511,226.21 -- 369,079,642.47 194,474,372.54 27,581,373.19 29,216,292.04 192,839,453.69 43,754,222.23 9,850,480.56 14,551,654.46 39,053,048.33 800,107,122.48 199,413,252.90 224,544,852.75 774,975,522.63 1,606,686,326.05 314,856,032.71 268,312,799.25 1,653,229,559.51 1,772,565,730.88 1,837,135,145.42 2 374,249,308.91 10,855,473.04 275,905,934.28 3 11 2003.12.31 2004.12.31 121,480,240.36 583,438,332.59 147,839,521.84 557,079,051.11 121,480,240.36 583,438,332.59 147,839,521.84 557,079,051.11 557,079,051.11, 435,598,810.75, 12. 1 46

2004 2003.12.31 2004.12.31 -- 192,995,244.77 192,995,244.77 -- -- -- 108,417,956.14 108,417,956.14 -- -- -- 19,950.00 -- -- 19,950.00 34,312.00 -- 34,312.00 -- -- -- 45,830.00 -- -- 45,830.00 8,948,091.72 70,390,019.88 -- -- 79,338,111.60 2,784,433.00 -- -- -- 2,784,433.00 800,462.00 -- -- -- 800,462.00 -- 5,173,812.00 1,082,889.00 -- 4,090,923.00 6KV -- -- -- -- -- -- 428,483.00 428,483.00 -- -- -- 575,678.00 575,678.00 -- -- -- 218,126.00 218,126.00 -- -- -- 320,000.00 -- -- 320,000.00 80000KV 688,201.00 -- 688,201.00 -- -- -- 418,000.00 418,000.00 -- -- -- 88,867.00 88,867.00 -- -- -- 598,719.00 -- 598,719.00 1018 3# -- 105,800.00 105,800.00 -- -- 1018 5# -- 271,455.00 271,455.00 -- -- 1018 -- 409,368.00 -- 409,368.00 1018 2# -- 409,040.00 409,040.00 -- -- 1018 -- 2,929,742.00 2,929,742.00 -- -- 149,800.00 288,439.00 438,239.00 -- -- -- 605,972.00 605,972.00 -- -- -- 441,503.00 441,503.00 -- -- 5# -- 670,209.00 670,209.00 -- -- -- 30,000.00 -- -- 30,000.00 -- 30,000.00 -- -- 30,000.00 -- 66,098.00 66,098.00 -- -- 3,672,490.00 688,732.00 4,361,222.00 -- -- 48,053.00 48,053.00 -- -- 642,765.00 642,765.00 -- -- 2,430,764.00 2,430,764.00 -- -- 35KV 750,873.00 1,115,308.00 1,866,181.00 -- -- 800,000.00 800,000.00 -- -- 740,155.00 504,437.00 1,244,592.00 -- -- 504,211.00 504,211.00 -- -- 1,868,100.00 1,868,100.00 -- -- 2,366,987.00 2,366,987.00 -- -- 660,641.00 660,641.00 -- -- 766,279.00 766,279.00 -- -- 551,248.00 551,248.00 -- -- 45,727,903.51 120,728,096.26 -- 166,455,999.77 496,910,966.82 1,108,143,154.99 -- 1,605,054,121.81 -- -- 1,900,000.00 -- 1,900,000.00 907,600.00 307,600.00 -- 600,000.00 18,449,317.00 16,737,317.00 -- 1,712,000.00 1,714,634.00 1,714,634.00 -- -- 395,500.00 1,444,292.00 1,839,792.00 -- -- 47

2004 2003.12.31 2004.12.31 24,653,108.00 24,653,108.00 -- -- 563,317,822.05 1,675,091,405.04 374,249,308.91 -- 1,864,159,918.18 2 60,971,501.16 5.184% 3 13 1 2003.12.31 2004.12.31 335,929.73 315,773.95 -- 6,718.59 -- 309,055.36 46 1,849,657.00 1,738,669.00 -- 36,996.00 -- 1,701,673.00 46 338,000.00 338,000.00 -- 7,188.00 -- 330,812.00 49 43,725,500.00 40,737,572.85 -- 874,510.00 -- 39,863,062.85 45.5 24,606,060.00 21,803,710.00 -- 820,200.00 -- 20,983,510.00 25.5 70,855,146.73 64,933,725.80 -- 1,745,612.59 -- 63,188,113.21 2 14 2003.12.31 2004.12.31 11,725,360.00 10,552,824.00 -- 234,507.20 10,318,316.80 * 30,848,334.41 5,817,134.25 25,031,200.16 -- 30,848,334.41 42,573,694.41 16,369,958.25 25,031,200.16 234,507.20 41,166,651.21 * 15 : 2004.12.31 2003.12.31 * 200,000,000.00 5.31% 20,000,000.00 4.779% 116,800,000.00 4.779%-5.022% 272,920,000.00 4.779%-5.31% 48

2004 316,800,000.00 292,920,000.00 * 16 (1) : 2004.12.31 2003.12.31 6,010,000.00 -- 6,010,000.00 -- (2) 5% 5% (3), 2005 1 17 (1) 2004.12.31 2003.12.31 1 410,371,590.20 95.47% 142,895,201.33 63.25% 1-2 7,023,796.03 1.63% 74,829,095.81 33.12% 2-3 6,936,803.90 1.61% 3,394,770.04 1.51% 3 5,521,874.67 1.29% 4,800,618.59 2.12% 429,854,064.80 100.00% 225,919,685.77 100.00% 2 5% 5% 3 146,616,917.39 34.11 % 4 429,854,064.80, 203,934,379.03, 133,526,258.44 18 1 2004.12.31 2003.12.31 49

2004 1 303,668,999.94 96.52% 209,693,390.19 100.00% 1-2 10,934,580.40 3.48% -- -- 314,603,580.34 100.00 209,693,390.19 100.00% 2 5% 5% ( ) 3 119,234,165.84 37.90% 4 104,910,190.15, 19. 2004.12.31 2003.12.31 * 59,908,940.23 54,251,471.38 59,908,940.23 54,251,471.38 * 12 20. 2004.12.31 2003.12.31 26,216,199.02 21,881,189.24 21 26,216,199.02 21,881,189.24 1 2004.12.31 2003.12.31 76,497,831.42 57,658,416.95 24,269,471.74 9,700,665.44 2,325.64 2,974.40 5,030,943.19 1,323,307.16 15,958,377.67 3,669,588.71 362,896.37 72,428.13 23,886.00 18,344.00 3,641,615.97 2,157,573.88 125,787,348.00 74,603,298.67 2 3 125,787,348.00, 51,184,049.33, 50

2004, 7-12 15,407,790.24 22 2004.12.31 2003.12.31 9,184,491.33 484,644.58 3,070,421.67 3,408,455.42 12,254,913.00 3,893,100.00 23 (1) 2004.12.31 2003.12.31 1 366,470,524.33 91.94% 294,696,677.14 79.31% 1-2 18,784,628.68 4.71% 32,268,566.85 8.69% 2-3 4,204,701.56 1.05% 31,979,186.23 8.61% 3 9,156,438.71 2.30% 12,611,874.19 3.39% 398,616,293.28 100.00% 371,556,304.41 100.00% 2 5% 5% 3 57,461,839.55, 14.42.% 24. 2004.12.31 * 40,000,000.00 2002.12.12-2005.12.11 5.49% 40,000,000.00 2002.12.12-2005.12.11 * 25 2004.12.31 2003.12.31 * 5,401,495.78 3,477,145.93 51

2004 ** -- -- 5,401,495.78 3,477,145.93 * 86 69 0.15 / ** [2004]119 [2004]320 2004 4 8.50 6.00 2.50 58,049,898.00 2,429,036.00 55,620,862.00 26. 2004.12.31 * 100,000,000.00 2003.08.21-2017.08.20 5.184% 60,000,000.00 2003.12.22-2017.08.20 5.184% 50,000,000.00 2004.06.29-2017.08.20 5.184% 50,000,000.00 2004.06.29-2017.08.20 5.184% 100,000,000.00 2004.05.25-2017.08.20 5.184% 50,000,000.00 2004.07.16-2017.08.20 50,000,000.00 2004.02.19-2017.08.20 5.184% 80,000,000.00 2003.09.18-2015.08.16 5.184% 50,000,000.00 50,000,000.00 2004.01.05-2015.01.06 5.184% 80,000,000.00 2004.03.19-2013.10.10 5.184% 50,000,000.00 2004.11.05-2011.05.10 5.184% 45,000,000.00 2004.11.05-2010.10.13 5.184% 50,000,000.00 2004.03.04-2017.08.20 5.184% 60,000,000.00 2004.01.07-2017.08.20 5.184% 90,000,000.00 2004.10.21-2017.08.20 5.184% ** 100,000,000.00 2003.09.19-2015.09.16 5.184% 2003.11.28-2015.03.16 5.184% 50,000,000.00 2004.03.11-2014.10.10 5.184% 70,000,000.00 2004.03.19-2013.07.10 5.184% 50,000,000.00 2004.03.19-2014.07.10 5.184% 50,000,000.00 2004.07.30-2012.10.10 5.184% 50,000,000.00 2004.07.30-2011.10.10 5.184% 50,000,000.00 2004.08.11-2012.11.15 5.184% 50,000,000.00 2004.08.30-2011.07.10 5.184% 5.184% 52

2004 *** 100,000,000.00 2004.06.22-2012.06.22 5.76% 200,000,000.00 2004.12.03-2012.12.03 5.814% 157,500,000.00 1996.02.02-2010.10.30 4.680% 1,942,500,000.00 1,942,500,000.00, 1,279,100,000.00, * ** *** 27 2004.12.31 2003.12.31 * 14,462,156.84 -- 14,462,156.84 -- * [2004]119 [2004]320 2004 4 15 2004 12 31 145,124,745.00, 130,662,588.16 28. 2004.12.31 2003.12.31 * 7,200,000.00 7,200,000.00 7,200,000.00 7,200,000.00 * [2002]591 29 2003.12.31 2004.12.31 53

2004 520,000,000.00 -- -- 520,000,000.00 -- -- -- -- 520,000,000.00 -- -- 520,000,000.00 520,000,000.00 -- -- 520,000,000.00 288,000,000.00 -- -- 288,000,000.00 288,000,000.00 -- -- 288,000,000.00 808,000,000.00 -- -- 808,000,000.00 30 2003.12.31 2004.12.31 1,779,079,153.53 -- -- 1,779,079,153.53 767,542.50 55,620,862.00 * -- 56,388,404.50 1,779,846,696.03 55,620,862.00 -- 1,835,467,558.03 * 55,620,862.00, 31 2003.12.31 2004.12.31 108,471,084.86 63,244,068.70 -- 171,715,153.56 54,235,542.43 31,622,034.35 -- 85,857,576.78 32 162,706,627.29 94.866,103.05 -- 257,572,730.34 2004.12.31 562,211,323.46 308,632,248.61 632,440,686.96 299,559,947.37 -- -- -- 79,753,119.59 63,244,068.70 31,622,034.35 2003.12.31 29,955,994.74 14,977,997.37 161,600,000.00 80,800,000.00 938,185,907.37 562,211,323.46 54

2004 * 2005 2 20 2004 10 3 10 5 33 2004 2003 2004 2003 2004 2003 312,338,044.82 666,438,291.79 198,541,533.00 445,555,158.39 113,796,511.82 220,883,133.40 2,972,122,926.95 1,824,186,886.55 1,925,847,130.19 1,219,468,933.65 1,046,275,796.76 604,717,952.90 325,061,245.88 219,320,440.33 182,261,895.25 88,619,123.31 142,799,350.63 130,701,317.02 124,488,525.64 112,159,347.06 15,992,024.91 86,814,717.90 108,496,500.73 25,344,629.16 4,028,767.30 6,083,895.27 773,734.23 3,975,002.53 3,255,033.07 2,108,892.74 21,684,005.76 20,095,700.77 19,159,847.70 21,060,510.62 2,524,158.06-964,809.85 3,759,723,516.35 2,848,284,561.77 2,342,576,165.28 1,865,493,446.40 1,417,147,351.07 982,791,115.37 1 1,465,348,999.56 38.97 % 2 3 2004 13,142,608.46 34 2004 2003 * 4,132,429.20 1,345,220.04 20,303,089.00 8,074,890.73 8,701,323.85 3,460,667.46 33,136,842.05 12,880,778.23 * 21,209,500.96 35 55

2004 2004 2003 56,161,285.77 81,726,081.37 37,401,872.65 69,592,674.74 18,759,413.12 12,133,406.63 18,759,413.12, 54.61% 36 2004 2003 22,846,152.41 37,757,174.79 22,813,433.88 13,855,580.06 51,355.58 101,345.95 84,074.11 24,002,940.68 37 2004 2003-1,292,086.60 14,462,933.76-1,292,086.60 14,462,933.76 5,000 38. 2004 2003 * 2,048,571.24 2,367,478.42 2,048,571.24 2,367,478.42 * [2004] 75 56

2004 39 2004 2003 483,760.00 24,350.00 231,255.90 272,487.44 -- 108,953.16 431,850.34 12,200.00 1,146,866.24 417,990.60 40 2004 2003 8,295,842.43 7,479,587.33 41,547.60 190,661.24 245,000.00 57,060.00 * 1,816,907.13 402,197.00 290,353.39 * 1 10,801,494.16 8,017,661.96 41 : 2004 923,613.50 -- 13,997,537.83 14,921,151.33 42 2004 897,796,513.00 43,000,000.00 11,277,138.07 10,600,016.37 5,059,195.60 57

2004 9,600,000.00 3,281,838.52 13,220,820.10 3,472,460.38 4,490,282.18 10,958,592.66 1,012,756,856.88 43 7,000,000.00, 44 : 2004 2003-1,292,086.60 14,462,933.76 -- 890,548.99 9,341,203.97 -- 1,146,866.24 417,990.60 10,801,494.16 8,017,661.96 3,186,027.21 2,558,757.76 1,580,516.66 5,195,053.63 1 (1) 2004.12.31 2003.12.31 1 252,393,971.71 92.33% 2,523,939.72 1% 307,842,249.00 85.84% 3,078,422.49 1% 1-2 4,136,734.33 1.51% 206,836.72 5% 4,518,373.46 1.26% 225,918.67 5% 2-3 3,894,881.47 1.43% 389,488.00 10% 9,079,910.61 2.53% 907,991.06 10% 3-5 12,942,451.38 4.73% 6,471,225.69 50% 37,178,895.38 10.37% 18,589,447.69 50% 5 -- -- -- 100% -- -- -- 100% 273,368,038.89 100% 9,591,490.13 358,619,428.45 100% 22,801,779.91 2 5% 5% ( ) 3 151,958,435.09 55.59% 2 58

2004 1 2004.12.31 2003.12.31 1 56,429,554.91 68.82% 564,295.55 1% 40,491,305.38 75.09% 404,913.06 1% 1-2 13,012,188.96 15.87% 650,609.45 5% 5,368,184.43 9.95% 268,409.22 5% 2-3 4,171,822.95 5.09% 417,182.30 10% 620,454.01 1.15% 62,045.40 10% 3-5 3,385,645.50 4.13% 1,692,822.75 50% 7,427,050.28 13.77% 3,713,525.14 50% 5 4,993,482.41 6.09% 4,993,482.41 100% 18,590.70 0.03% 18,590.70 100% 81,992,694.73 100% 8,318,392.46 53,925,584.80 100% 4,467,483.52 2 5% 5% ( ) 3 54,600,515.32 66.59% 4 81,992,694.73, 28,067,109.93, 3 1 2003.12.31 2004.12.31 416,848,242.50 -- 416,848,242.50 409,290,000.00 -- 826,138,242.50 -- 826,138,242.50 416,848,242.50 -- 416,848,242.50 -- -- 826,138,242.50 -- 826,138,242.50 2 2004.12.31 2003.12.31 ( ) ( ) ( ) 4,500,000.00 4,500,000.00 4,500,000.00 90.00% -- 428,242.50 -- 244,920,000.00 194,920,000.00 50,000,000.00 244,920,000.00 55.00% -- -- -- 399,290,000.00 160,000,000.00 239,290,000.00 399,290,000.00 90.89% -- -- -- 147,000,000.00 27,000,000.00 120,000,000.00 147,000,000.00 98.00% -- -- -- 30,000,000.00 30,000,000.00 -- 30,000,000.00 2.70% -- -- -- 825,710,000.00 416,420,000.00 409,290,000.00 825,710,000.00 -- 428,242.50 -- 4 59

2004 2004 2003 2004 2003 2004 2003 312,338,044.82 666,438,291.79 198,541,533.00 445,555,158.39 113,796,511.82 220,883,133.40 2,972,122,926.95 1,824,186,886.55 1,925,847,130.19 1,219,468,933.65 1,046,275,796.76 604,717,952.90 325,061,245.88 219,320,440.33 182,261,895.25 88,619,123.31 142,799,350.63 130,701,317.02 124,488,525.64 112,159,347.06 15,992,024.91 86,814,717.90 108,496,500.73 25,344,629.16 4,028,767.30 6,083,895.27 773,734.23 3,975,002.53 3,255,033.07 2,108,892.74 21,684,005.76 20,095,700.77 19,159,847.70 21,060,510.62 2,524,158.06-964,809.85 3,759,723,516.35 2,848,284,561.77 2,342,576,165.28 1,865,493,446.40 1,417,147,351.07 982,791,115.37 1 1,465,348,999.56 38.97 % 2 5 2004 2003 * -1,292,086.60 14,462,933.76-1,292,086.60 14,462,933.76 5,000 ( ) 1 319 24 60

2004 75 2 2003.12.31 2004.12.31 3,971,720,000.00 -- -- 3,971,720,000.00 5,000,000.00 -- -- 5,000,000.00 304,920,000.00 102,250,000.00 -- 407,170,000.00 200,000,000.00 239,290,000.00 -- 439,290,000.00 30,000,000.00 120,000,000.00 -- 150,000,000.00 3 2003.12.31 2004.12.31 % % % % 509,530,000.00 63.06 -- -- -- -- 509,530,000.00 63.06 4,500,000.00 90.00 -- -- -- -- 4,500,000.00 90.00 194,920,000.00 55.00 50,000,000.00 -- -- -- 244,920,000.00 55.00 160,000,000.00 80.00 239,290,000.00 -- -- -- 399,290,000.00 90.89 27,000,000.00 90.00 120,000,000.00 -- -- -- 147,000,000.00 98.00 4 * 2003 2003 4 9 2002 61

2004 1 2004 2003 38,164,152.38 22,243,491.06 482,649,463.08 268,347,568.22 124,329,430.41 101,002,442.66 15,751,008.65 13,126,672.30 124,364,784.86 261,467,752.98 51,391,497.79 -- 21,099,302.57 19,807,193.10 -- 2,125,360.00 1,029,751.64 1,087,237.18 10,774,145.57 3,718,559.04 2 2004 2003 4,616,257.53 25,984,158.31 60,000.00 50,020.70 1,296,109.44 1,110,130.49 40,824,421.23 10,070,398.77 52,500.00 8,928,699.80 9,063,630.89 8,135,352.65 1,230,000.77 -- ( ) 2004.12.31 2003.12.31 2004.12.31 2003.12.31 32,300.00 3,087,826.57 0.01% 0.86% 186,931.33 411,830.99 0.19% 0.16% 9,063,014.09 10,205,287.88 9.57% 18.92% 33,917,706.29 14,334,126.55 8.51% 3.86% 79,351,917.39 -- 18.46% 2,550,000.00 -- 42.43% -- -- 62

2004 19,139,056.31 2005 1 10 2005 2 20 2005 2 19 53,388,090 26.32% 2004 12 31 4.73 3% 4.87 26,000 1 6,243,400.00 10% 624,340.00 1,290,447.53 15% 192,567.13 10,000,000.00 10% 1,000,000.00 17,533,847.53 1,816,907.13 2 63

2004 64