2003 000099 An2003000099b CITIC OFFSHORE HELICOPTER CO.,LTD. 2003 OO

2003 2003 1

2003 1 3 5 6 9 13 16 17 28 29 31 72 2

2003 : CITIC OFFSHORE HELICOPTER CO.,LTD. COHC 0755-26723692 0755-26723684 board@china-cohc.com 0755-26971630 0755-26971617 susx@china-cohc.com 188 19 518052 HTTP://WWW.china-cohc.com cohc@china-cohc.com HTTP://WWW.cninfo.com.cn 000099 2003 3 25 3

2003 1000001003124 440303710924128 2006 +/- 95,945,594.47 80,695,223.06 77,462,790.20 162,040,330.41 1,510,418.39 91,934,533.07 1,995,572.46 -- 2,015,488.94 57,527,025.55-54,871,255.71 : 1. 2,015,488.94 2. 1,987,279.71 3. -467,382.45 4. -302,323.34 3,233,062.86 4

2003 2003 2002 2001 385,482,713.83 330,999,932.48 330,999,932.48 315,124,165.08 315,124,165.08 80,695,223.06 62,000,635.61 62,000,635.61 61,281,686.28 61,281,686.28 1,600,462,557.37 1,387,500,291.25 1,387,500,291.25 1,079,619,168.08 1,079,619,168.08 1,143,088,603.80 927,616,903.16 913,504,903.16 885 216 267.55 865 616 267.55 *1 0.3431 0.2636 0.2636 0.3127 0.3127 0.3142 0.2636 0.2636 0.3127 0.3127 0.3431 0.2636 0.2636 0.3127 0.3127 0.3293 0.2563 0.2563 0.2713 0.2713 *2 0.3016 0.2563 0.2563 0.2713 0.2713 4.4513 3.9439 3.8839 4.5164 4.4164 4.3782 3.7271 3.7871 4.4474 4.3474 0.2240 0.2153 0.2153 0.3196 0.3196 % 7.06 6.68 6.79 6.92 7.08 8.34 6.77 6.91 7.17 7.17 (%) (%) 8.00 6.53 6.72 6.22 6.22 1 2 10 3 2 23 520 25 680 *1 *2 23 520 25 680 9 % / 2003 14.18 16.74 0.6310 0.6899 8.04 9.50 0.3580 0.3909 5

2003 7.06 8.34 0.3142 0.3431 6.78 8.00 0.3016 0.3293 235,200,000.00 597,299,448.40 22,031,745.48 22,031,745.48 51,053,963.80 927,616,903.16 21,600,000.00 127,288,477.58 8,069 522.31 8,069 522.31 80,695,223.06 245,722,745.26 30,251,044.62 30,251,044.62 256,800,000.00 724,587,925.98 30 101 267.79 30 101 267.79 101,498,142.24 1,143,088,603.80 1 2002 12 31 23,520 10 3 2,160 2 3 10% 4 10% 5 2002 6 2,160 + - 1 163,200,000 163,200,000 163,200,000 163,200,000 2 3 4 6

2003 163,200,000 163,200,000 1 72,000,000 21,600,000 21,600,000 93,600,000 2 3 4 72,000,000 21,600,000 21,600,000 93,600,000 235,200,000 21,600,000 21,600,000 256,800,000 1 2002 7 23 2001 12 31 19 600 10 2 1 2001 23 520 2 2003 2003 11 26 [2003]137 2002 12 31 23,520 10 3 7.12, 2 160 2003 12 4 2003 12 5 2003 12 5 2003 12 18 2004 1 29 25,680 3 4 1 2003 12 31 33,882 2 (+) - (%) 1-14 112 000 146,712,000 57.13 2 +14 112 000 14 112 000 5.50 3 734 340 0.28 4 643,388 0.25 7

2003 5 +141 000 521 000 0.20 6 477 000 0.19 7 406 000 0 15 8 0 396 000 0.15 9 0 396 000 0.15 10 0 396 000 0.15 3 4 1983 4 21 5 1979 10 1 2 3 4 5 8

2003 6 7 8 9 10% + - (%) 1 734 340 0.31 2 643,388 0.27 3 +141 000 521 000 0.22 4 477 000 0.20 5 406 000 0.17 6 325 500 0.14 7 324 960 0.14 8 262 720 0.11 9 223 000 0.09 10 200 000 0.09 1 1950.1. 2003 5-2006.4 0 1957.10. 2003 5-2006.4 0 1946.3. 2003 5-2006.4 0 1948.11. 2003 5-2006.4 0 1952.10. 2003 5-2006.4 0 9

2003 1958.11 2003 5-2006.4 0 1946.1. 2003 5-2006.4 0 1963.11. 2003 9-2006.4 0 1960.12. 2003 5-2006.4 2002.5.- 0 1938.1. 2003 5-2006.4 0 1946.5. 2003 5-2006.4 0 1949.7. 2003 5-2006.4 0 1959.1. 2003 5-2006.4 0 1967.11. 2003 5-2006.4 0 1944.10. 2003 5-2006.4 0 1949.10 2003 5-2006.4 0 1969.7. 2003 5-2006.4 0 1951.12. 1999.2-0 1955.10. 1999.2-0 1954.9. 1999.2-0 1965.5. 2001.8-0 2 1999 4-2002.5.- 1998.12.- 1999.4.- 1999.4.- 1995.9.- 2001.1.- 2000.8.- 10

2003 1 2 ( ) 7 178 ( ) 40 105 3 12 5 17 4 ( ) 20 5 15-20 0 10-15 2 5 ( ) 11

2003 1 2002 2003 2 3 2003 12 31 427 16 1 % 74 17 103 24 63 15 47 11 85 10 55 23 2 12

2003 % 9 2 82 19 203 48 133 31 3 % 11 6 82 46 84 48 177 100 2002 < > < > ( [2002]47 ) 1 < > 2 3 13

2003 4 5 6 7 2003 14

2003 1 2 3 4 5 2002 2003 15

2003 1 2002 2003 5 9 2003 3 28 2003 4 1 A 2002 B 2002 C 2002 D 2002 E 2003 F G H I 12 J 2003 5 13 2 2003 2003 4 24 16

2003 2003 4 26 2003 2003 8 15 2003 2003 5 17 6 3 6 13 7 8 7 25 A B 2003 8 16 3 2003 2003 9 10 2003 8 6 A B 2003 9 11 1 2002 2 2003 17

2003 2003 2003 16 916 11 999 48 22.86% 26.85% 13,193 30.6% 11,967 1 229 10,820 28.2% 9 852 32 2 147 16 154.11 80% 2 Z-11 S-76C+ 12 284 38,548.27 16.46% 9,594.55 30.96% 8,069.52 30.15% 1 1 375,330,530.13 154,428,453.98 10,152,183.70 7,611,876.43 385,482,713.83 162,040,330.41 18

2003 2 274,358,511.93 111,809,289.79 47,530,003.18 27,029,657.84 36,867,287.08 20,454,958.22 25,518,831.97 11,995,097.26 1,208,079.67 (9,248,672.70) 385,482,713.83 162,040,330.41 2 10% % % 97.37 375,330,530.13 217,739,580.11 41.99 3 1 2001 6 4 [2003]1016 11% 5% 5% 320 500 255 51% 75 15% 65 13% 105 21% 2003 11 26 13,485,215.46 5,376,174.41 2 ( ) 19

2003 95% 2003 11 3 2003 11 6 [ 1100001626199 2 1 ] 4 18,667.39 96.58% 19,526.68 50.66% 5 1 2 3 4 1 2 3 4 6 20

2003 1 2003 2003 11 26 [2003]137 2002 12 31 23,520 10 3 2 160 7.12 153,792,000 10,705,410.47 18,825.91 143,105,415.44 2004 10 2004 1 29 2000 59,761.8 58,306.8 49 311.50 9,806.39 1,455 1,455 0 59,761.8 50 766.50 9,806.39 2001 9,806.39 8,995.30 811.09 2 EC155 2003 2 28 2000 2 2000 4 3042 101,960,146.88 58,726,896.21 43,233,250.67 42% 2001 1667 48,594,038.33, 21,494,039.8, 27,099,998.74 21

2003 55% 13,485,215.46 5,376,174.41 3 2002 2003 1 2 2 AS332L1 24,200,000 7,270,000, 75,159,456.65 2 70 000m 2 3700 2,554 1,200 756.37 2003 2002 +- % 1,600,462,557.37 1,387,500,291.25 +15.35% 1,143,088,603.80 927,616,903.16 +23.23% 162,040,330.41 115,455,810.69 +40.35% 80,695,223.06 62,000,635.61 +30.15% -54,871,255.71-54,466,874.86 +0.74 1 (1) 29 305 050.00 ; 2 2 135,407,130.16, 44,355,337.15 ; 3 2 AS332L1 39,703,361.36 2 (1) 2003 12 10 3 21,600,000 121,505,415.44 ; 2 80,695,223.06 3 1 16.46% 7.17%2 880 4 22

2003 5 : 2 EC155 2 AS332L1 1 1 2003 3 28 11 9 A 2002 B 2002 C 2002 D 2002 E 2002 F 2003 G H I 2003 J K L 2002 2 2003 4 24 13 23

2003 9 2002 5 21 A 2003 B C D 2003 (3) 2003 8 6 6 13 11 1 2 A B C D 2003 E 2003 F G H 2003 4 2003 10 15 2003 5 2003 12 22 24

2003 14, 12, 2 1 2002 2002 2002 2002 12 31 235 200,000 10 0.6 14 112 000.00 36 941 963.80 2003 7 2 2003 7 3 2002 2003 6 26 2 2003 2003 11 26 [2003]137 2002 12 31 23,520 10 3 2 160 2003 11 27 7.12 2003 12 4 2003 12 5 2003 12 5 2003 12 18 2,160 2004 1 29 2003 2003 80,695,223.06 10% 8,069,522.31, 10% 8,069,522.31 2002 36,941,963.80 2003 101,498,142.24 2003 12 31 718,716,914.84 : 256 800,000 10 2 235,200,000 10 2.183673 25

2003 51,360,000.00 256 800,000 10 10 235,200,000 10 10.91837 256,800,000 50,138,142.24 461,916,914.84 513,600,000 2003 2003 1 [2004]147 2003, ( [2004] ) [2003]1 3 [2003]56, 2003 26

2003 2003 1 2 2003 12 31 2003 1 1 12 31 (15,872,910.71) (9,586,200.21) (105,301.68) (1,756,650.92) 3 2003 12 31 2003 12 31 2003 27

2003 [2003]13 [2003]56 2004 2 2003 [2003]13 [2003]56 2002 2003 2 1 2003 3 28 3 3 A 2002 B 2002 28

2003 C 2003 4 1 2 2003 8 6 6 3 3 A B 2003 2003 8 8 2003 1 2 2003 3 4 29

2003 5 2003 1 2002 5 28 470 2 [2003]56 4 2000 4.536 2002.6.25-2003.12.25 2000 4.536 2003.1.23-2003.7.23. 500 1.881 2003.3.3-2004.3.3 2004.3.3 490 2.83825 2003.3.11-2004.3.11 2004.3.11 231 3.001% 2003.4.22-2004.4.22 150 2.904% 2003.4.11-2004.4.11 133.5 2.716% 2003.11.26-2004.4.26 130 2.953% 2003.12.12-2004.4.12 502 3.023 2003.9.12-2003.3.12. 2004.3.12 30

2003 1000 1.919 2003.3.10-2003.9.10 231 2.9563 2003.9.30-2003.3.30 2004.3.29 6000 4.536% 2003.9.22-2004.3.22 2004.3.22 4500 4.536% 2003.10.13-2004.1.13 2004.1.13 5% 790,000 2 2003 1 8 2003 1 13 [2002]26 2003 1 13 2005 1 12 2003 11 3 2003 11 6 [ 1100001626199 2 1 ] 2003 [2004]37 [2004]37 2003 12 31 2003 31

2003 2003 12 31 2003 2004 4 19 32

2003 2003 12 31 : 2003-12-31 2002-12-31 :.1 381,445,484.11 359,752,381.00 436,316,739.82 424,923,059.08.10.2 59,305,050.00 59,305,050.00 30,000,000.00 30,000,000.00 909,976.19 - -.3 69,672,168.56 67,721,476.04 66,502,042.88 63,946,111.94.4 29,837,901.69 29,772,446.09 14,141,713.38 14,802,907.43.5 77,683,936.48 77,683,936.48 37,980,575.12 37,956,725.12.9.6 127,257,082.22 126,267,627.24 82,901,745.07 77,231,432.95.7 182,465.04 182,465.04 95,159.76 89,395.56 745,384,088.10 721,595,358.08 667,937,976.03 648,949,632.08 :.11.8 103,296,150.00 122,949,151.54 8,296,150.00 25,859,222.41 : - - - - - - - - 103,296,150.00 122,949,151.54 8,296,150.00 25,859,222.41 :.12.9 801,156,015.46 794,213,553.92 738,532,701.58 732,168,280.35 :.9 153,420,181.73 150,927,064.17 123,961,352.60 122,693,430.79 647,735,833.73 643,286,489.75 614,571,348.98 609,474,849.56 - - - - 647,735,833.73 643,286,489.75 614,571,348.98 609,474,849.56.13.10 5,645,573.88 5,645,573.88.14.11 63,430,934.82 63,430,934.82 55,571,484.34 55,557,233.61 716,812,342.43 712,362,998.45 670,142,833.32 665,032,083.17 :.15.12 17,292,909.99 17,292,909.99 19,105,522.55 19,105,522.55.15.13 17,677,066.85 18,354,058.64 22,017,809.35 21,737,100.68 34,969,976.84 35,646,968.63 41,123,331.90 40,482,623.23 : - -- - - - 1,600,462,557.37 1,592,554,476.70 1,387,500,291.25 1,380,683,560.89 33

2003 ( ) 2003 12 31 2003-12-31 2002-12-31 : :.14 339,451,252.50 339,451,252.50 330,932,500.00 330,932,500.00.15 48,797,913.33 48,645,245.83 62,849,496.28 62,344,353.78 1,125,166.11 1,125,166.11 - - 819,466.04 468,542.00 650,997.81 468,542.00 4,715,131.19 3,965,815.31 5,220,770.65 5,009,072.21.16 16,430,638.04 15, 872,910.71 6,418,710.50 6,418,710.50.17 6,777,849.96 6,423,141.73 6,381,251.43 6,287,730.10 27,449.34 27,449.34 78,213.94 78,213.94.18 23,520,927.55 24,168,833.57 33,150,512.24 32,736,319.35.19 882,861.75 882,861.75 656,561.80 656,561.80 442,548,655.81 441,031,218.85 446,339,014.65 444,932,003.68 :.20 2,779,909.69 2,779,909.69 2,779,909.69 2,779,909.69 2,779,909.69 2,779,909.69 2,779,909.69 2,779,909.69 - - - - 445,328,565.50 443,811,128.54 449,118,924.34 447,711,913.37 : 12,045,388.07-10,764,463.75 - :.20 256,800,000.00 256,800,000.00 235,200,000.00 235,200,000.00.21 724,587,925.98 730,522,670.34 597,299,448.40 603,234,192.76.22 60,202,535.58 60,202,535.58 44,063,490.96 44,063,490.96 : 30,101,267.79 30,101,267.79 22,031,745.48 22,031,745.48.23 101,498,142.24 101,218,142.24 51,053,963.80 50,473,963.80 : 51,360,000.00 51,360,000.00 14,112,000.00 14,112,000.00 1,143,088,603.80 1,148,743,348.16 927,616,903.16 932,971,647.52 1,600,462,557.37 1,592,554,476.70 1,387,500,291.25 1,380,683,560.89 34

2003 2003 : 2003 2002..19.25 385,482,713.83 375,330,530.13 330,999,932.48 326,097,613.73 :.25 220,271,796.25 217,739,580.11 205,540,627.69 205,875,838.23 3,170,587.17 3,162,496.04 10,003,494.10 9,997,356.11. 162,040,330.41 154,428,453.98 115,455,810.69 110,224,419.39 :.26 1,510,418.39 1,510,418.39 (10,277.45) (10,277.45) : 507,076.04 119,544.64 -- -- 52,825,564.87 50,023,712.77 56,005,218.77 53,365,617.08.27 18,283,574.82 18,460,425.97 (11,387,834.18) (11,330,684.98). 91,934,533.07 87,335,188.99 70,828,148.65 68,179,209.84 : 28 1,995,572.46 4,995,477.78 537,947.03 1,716,815.85.29 2,434,240.64 2,434,240.64 2,148,200.83 2,148,200.83 :.30 418,751.70 357,964.59 251,275.48 87,622.71. 95,945,594.47 94,406,942.82 73,263,021.03 71,956,603.81 : 13,411,719.76 13,411,719.76 10,535,968.20 10,535,968.20 1,838,651.65-726,417.22 -. 80,695,223.06 80,995,223.06 62,000,635.61 61,420,635.61 : 51,053,963.80 50,473,963.80 40,653,455.31 40,653,455.31. 131,749,186.86 131,469,186.86 102,654,090.92 102,074,090.92 :8,069,522.31 8,069,522.31 6,200,063.56 6,200,063.56 8,069,522.31 8,069,522.31 6,200,063.56 6,200,063.56. 115,610,142.24 115,330,142.24 90,253,963.80 89,673,963.80 : - - - - - - - - 14,112,000.00 14,112,000.00 - - - - 39,200,000.00 39,200,000.00. 101,498,142.24 101,218,142.24 51,053,963.80 50,473,963.80 ( ) 35

2003 2003 : 2003 : 383,297,299.97 374,926,142.45 14,087,270.73 7,147,152.18 397,384,570.70 382,073,294.63 219,932,236.33 219,200,623.13 53,034,685.60 50,928,134.13 24,018,386.23 23,288,081.78.31 42,872,236.99 41,821,313.61 339,857,545.15 335,238,152.65 57,527,025.55 46,835,141.98 : 71,766,790.00 71,766,790.00 2,462,954.91 2,462,954.91 3,532,500.00 3,415,400.00 - - 77,762,244.91 77,645,144.91 185,479,320.99 184,969,759.79 113,279,822.45 113,279,822.45 - - 298,759,143.44 298,249,582.24 (220,996,898.53) (220,604,437.33) : 144,956,291.37 144,956,291.37 872,260,462.50 872,260,462.50 - - 1,017,216,753.87 1,017,216,753.87 886,201,267.00 886,201,267.00 17,678,247.97 17,678,247.97 4,738,621.63 4,738,621.63 908,618,136.60 908,618,136.60 108,598,617.27 108,598,617.27 (54,871,255.71) (65,170,678.08) ( ) 36

2003 2003 2003 1. : : 80,695,223.06 80,995,223.06 : 1,838,651.65 - - - 763,924.07 753,121.60 36,538,419.83 35,279,311.19 402,878.20 402,878.20 4,500,607.52 4,347,376.04 (87,305.28) (93,069.48) 226,299.95 226,299.95 ( : ) (2,191,465.04) (2,267,133.33) 24,522,968.44 24,522,968.44 ( : ) (1,995,572.46) (4,995,477.78) ( : ) (49,748,682.48) (54,429,539.62) ( : ) (16,224,731.65) (15,806,778.80) ( : ) (21,714,190.26) (22,100,037.49) 57,527,025.55 46,835,141.98 2. : - - - - - - 3. 381,445,484.11 359,752,381.00 : 436,316,739.82 424,923,059.08 : - - : - - (54,871,255.71) (65,170,678.08) ( ) 37

2003 2003 2003 2002 2003 2002 2003 2002 2003 2002 2003 2002 375,330,530.13 326,097,613.73 13,485,215.46 10,231,456.82 3,333,031.76 5,329,138.07 - - 385,482,713.83 330,999,932.48 375,330,530.13 326,097,613.73 10,152,183.70 4,902,318.75 - - - - 385,482,713.83 330,999,932.48 - - 3,333,031.76 5,329,138.07 3,333,031.76 5,329,138.07 - - - - 217,739,580.11 205,875,838.23 4,985,247.90 4,993,927.53-5,329,138.07 - - 220,271,796.25 205,540,627.69 215,286,548.35 200,546,700.16 4,985,247.90 4,993,927.53 - - - - 220,271,796.25 205,540,627.69 2,453,031.76 5,329,138.07 - - 2,453,031.76 5,329,138.07 - - - - 68,603,683.38 42,034,932.10 3,054,914.91 2,950,754.05 42,382.56 368,301.56 - - 71,616,215.73 44,617,384.59 87,335,188.99 68,179,209.84 5,436,961.52 2,280,637.25 837,617.44 ( 368,301.56) - - 91,934,533.07 70,828,148.65 1,592,554,476.70 1,380,683,560.89 39,795,771.58 33,961,900.01 31,887,690.91 27,145,169.65 - - 1,600,462,557.37 1,387,500,291.25 443,811,128.54 461,823,913.37 8,097,381.97 5,634,363.85 6,579,945.01 4,227,352.88 - - 445,328,565.50 463,230,924.34 38

2003 2003 2003 2002 2003 2002 2003 2002 2003 2002 2003 2002 2003 2002 2003 2002 2003 2002 277,691,543.69 226,465,028.99 36,867,287.08 39,323,586.53 47,530,003.18 53,973,812.01 25,518,831.97 12,645,938.23 1,208,079.67 3,920,704.79 3,333,031.76 5,329,138.07 - - 385,482,713.83 330,999,932.48 274,358,511.93 221,135,890.92 36,867,287.08 39,323,586.53 47,530,003.18 53,973,812.01 25,518,831.97 12,645,938.23 1,208,079.67 3,920,704.79 - - - - 385,482,713.83 330,999,932.48 3,333,031.76 5,329,138.07 - - - - - - - - 3,333,031.76 5,329,138.07 - - - - 162,764,082.85 150,964,751.63 16,014,058.88 16,399,644.13 20,204,917.15 23,909,073.04 13,285,016.76 7,224,483.07 10,456,752.37 12,371,813.89 2,453,031.76 5,329,138.07 - - 220,271,796.25 205,540,627.69 160,311,051.09 145,635,613.56 16,014,058.88 16,399,644.13 20,204,917.15 23,909,073.04 13,285,016.76 7,224,483.07 10,456,752.37 12,371,813.89 - - - - 220,271,796.25 205,540,627.69 2,453,031.76 5,329,138.07 - - - - - - - - 2,453,031.76 5,329,138.07 - - - - 47,046,677.58 28,908,187.10 7,695,377.59 5,677,921.09 7,159,711.10 2,519,093.62 5,571,293.02 2,999,422.94 4,185,539.00 4,881,061.40 42,382.56 368,301.56 - - 71,616,215.73 44,617,384.59 56,335,465.79 40,096,571.43 16,304,378.98 15,948,342.94 24,556,113.40 25,745,487.38 8,877,439.93 2,001,615.84 (13,301,247.59) (13,332,170.50) 837,614.44 (368,301.56.) - - 91,934,533.07 70,828,148.65 1,577,386,297.65 1,405,848,955.00 14,930,148.51 7,859,281.23 10,433,811.13 11,700,981.68 37,375,063.28 26,266,209.48 61,062,639.81 142,065,470.72 100,725,403.01 206,240,606.86 - - 1,600,462,557.37 1,387,500,291.25 436,740,331.46 458,661,771.32 14,930,148.51 7,859,281.23 10,433,811.13 11,700,981.68 37,375,063.28 26,266,209.48 61,062,639.81 142,065,470.72 115,213,428.69 183,322,790.09 - - 445,328,565.50 463,230,924.34 39

2003 2003 : 1 -- -- 2 -- -- 3 -- -- 4 -- 18,881,359.84 5 -- -- 6 3,233,062.86 1,708,071.52 2003 : (ROE) (EPS) 1 162,040,330.41 0.1418 0.1674 0.6310 0.6889 2 91,934,533.07 0.0804 0.0950 0.3580 0.3909 3 (NP) 80,695,223.06 0.0706 0.0834 0.3142 0.3431 4 77,462,160.20 0.0678 0.0800 0.3016 0.3293 : (1) = = (2) (ROE) ROE P E0+NP 2+Ei Mi M0-Ej Mj M0 P NP E0 Ei Ej M0 Mi Mj (3) EPS EPS P S0+ S 1+ S i M i M 0- S j M j M0 P S0 S1 Si Sj M0 Mi Mj 39

2003 2003 12 31 : 2002-12-31 2003-12-31 1,503,197.85 296,541.62-1,799,739.47 334,181.10 15,930.30-350,111.40 1,169,016.75 280,611.32-1,449,628.07-467,382.45-467,382.45 - - - - - - - - - - - - - - - - - - - - 1,503,197.85 763,924.07-2,267,121.92 40

2003 2003 2003 2002 235,200,000.00 196,000,000.00 21,600,000.00 39,200,000.00 - - - - - 39,200,000.00 21,600,000.00 - - - 256,800,000.00 235,200,000.00 597,299,448.40 597,299,448.40 127,288,477.58-121,505,415.44 - - - - - 5,783,062.14 - - - - - - - - - 724,587,925.98 597,299,448.40 22,031,745.48 15,831,681.92 8,069,522.31 6,200,063.56 8,069,522.31 6,200,063.56 8,069,522.31 6,200,063.56 - - - - - - - - - - - - - - 30,101,267.79 22,031,745.48 30,101,267.79 22,031,745.48 22,031,745.48 15,831,681.92 8,069,522.31 6,200,063.56 8,069,522.31 6,200,063.56 - - - - 30,101,267.79 22,031,745.48 51,053,963.80 40,653,455.31 80,695,223.06 62,000,635.61 30,251,044.62 51,600,127.12 101,498,142.24 51,053,963.80 41

2003 2003 12 1-2 343,106.64 809,112.96 - - - - - - 3 - - - - - - - - 343,106.64 809,112.96 4-1 85,857.61 2 343,106.64 809,112.96 3 551,863.89 4 343,106.68 42

2003 2003 [1998] 860 ( ) 1999 2 11 1000001003124 13600 16 14 [2000]90 2000 7 3 6,000 19,600 7 31 6000 2002 7 2001 19600 10 2 1 23,520 43

2003 2003 12 2002 12 31 23,520 10 3 2,160 25,680 1. 2. 1 1 12 31 3. 4. 5. 6. 44

2003 7. 8. (1) a. ; b. (2) a. ( ) 5 b. ( ) 1 1 5 % 1 2 20% 2 3 30% 3 4 40% 4 5 45% 5 50% 9. (1) (2) (3) 10. 45

2003 11. (1) a. b., 10 c. 20% 20% 20%( 20%) 20% (2) 46

2003 a. b. c., (3) 12. (1) 2000 (2) (3) 5% 20-40 4.75%-2.375% 15-20 6.33%-4.75% 10 9.5% 47

2003 10 9.5% 5 19% * 4 25 * 4 (4) 13. 14. 3 15. 46-50 48

2003 16. a. b. 4 ( ) 4 4 10 10 17. (1) a. b. c. (2) a. 49

2003 b. (3) 3 (4) 18. a. b. c. a. b. 19. (1) (2) (3) 20. 50

2003 21. (1) [1995]11 1996 2 50% 50% (2) [1999]10 22. 10% 10% 3% 6% 1%,7% 51

2003 3% 15% 15% [2001]384 10 1 2 3 5 10 2002 [2003]113 [2003]227 2003 5 1 12 31 * 1 95% -- 95,000,000.00 320 62% -- 16,421,586.00, *.3 1. 52

2003 2003-12-31 2002-12-31 RMB 98,220.51 98,220.51 71,177.82 71,177.82 USD 7,536.07 62,377.84 14,510.42 120,107.10 HKD 23,736.77 25,296.30 6,438.67 6,832.07 EUR 270.00 2,206.44 270.00 2,206.44 188,101.09 200,323.43 RMB 266,125,917.36 266,125,917.36 184,757,095.10 184,757,095.10 USD 12,910,243.06 106,854,625.74 29,365,125.35 243,063,853.41 HKD 7,142,017.82 7,586,596.36 7,434,890.71 7,889,162.53 EUR 48,499.99 465,954.71 23,584.68 203,520.55 381,033.094.17 435,913,631.59 RMB -- 224,288.85 202,784.80 202,784.80 224,288.85 202,784.80 381,445,484.11 436,316,739.82 2. 2003-12-31 2002-12-31 59,772,432.45 467,382.45 59,305,050.00 30,000,000.00 -- 30,000,000.00 02 15 3. 2003-12-31 1 69,561,957.52 99.34% 347,809.79 69,214,147.73 1-2 140,502.74 0.20% 702.51 139,800.23 3 319,819.70 0.46% 1,599.10 318,220.60 70,022,279.96 100% 350,111.40 69,672,168.56 53

2003 2002-12-31 1 66,426,408.83 99.40% 332,132.04 66,094,276.79 1-2 319,819.70 0.47% 1,599.09 318,220.61 3 89,995.45 0.13% 449.97 89,545.48 66,836,223.98 100% 334,181.10 66,502,042.88 1 2003 12 31 CACT Operators Group 12,079,031.87 2003 Devon Energy China Ltd. 10,441,381.41 2003 8,292,263.47 2003 7,643,641.37 2003 7,948,657.78 2003 (2) 2 5 (3) 5%( 5%) 4. 2003-12-31 1 29,265,956.65 93.45% 651,616.61 28,614,340.04 1-2 104,434.17 0.34% 2,886.83 101,547.34 2-3 749,122.86 2.43% 224,736.86 524,386.00 3-4 55,723.51 0.18% 22,289.40 33,434.11 4-5 160,958.29 0.52% 72,431.23 88,527.06 5 951,334.28 3.08% 475,667.14 475,667.14 31,287,529.76 100% 1,449,628.07 29,837,901.69 54

2003 2002-12-31 1 13,405,998.69 87.56% 481,420.52 12,924,578.17 1-2 788,523.10 5.15% 157,704.62 630,818.48 2-3 43,013.51 0.28% 12,904.06 30,109.45 3-4 160,958.29 1.05% 64,383.32 96,574.97 4-5 70,280.90 0.46% 31,626.41 38,654.49 5 841,955.64 5.50% 420,977.82 420,977.82 15,310,730.13 100% 1,169,016.75 14,141,713.38 1 2003 12 31 3,036,800.12 2001-2003 2,863,029.98 2003 * 1,440,000.00 2003 5,000,000.00 2003 ** 3,586,240.00 2003 2 15,976,799.63 104.35 (3)* 2004 3 1 ** 2004 1 14.21 4 5%( 5%) 5. 2003-12-31 2002-12-31 1 77,189,536.48 99.36% 16,758,432.12 44.12% 1-2 494,400.00 0.64% 21,222,143.00 55.88% 55

2003 77,683,936.48 100% 37,980,575.12 100% 1 EUROCOPTER 75,159,456.65 96.74% 2 39,703,361.36 104.54% 3 5%( 5%) 6. 2003-12-31 2002-12-31 126,869,062.88 -- 126,869,062.88 82,636,885.93 -- 82,636,885.93 385,149.54 -- 385,149.54 261,989.34 -- 261,989.34 2,869.80 -- 2,869.80 2,869.80 -- 2,869.80 127,257,082.22 -- 127,257,082.22 82,901,745.07 82,901,745.07 44,355,337.15 53.50% 4 7. 2002-12-31 2003-12-31 16,947.85 -- 16,947.85 -- 53,211.91 256,418.25 151,165.12 158,465.04 25,000.00 -- 25,000.00 -- -- 48,000.00 24,000.00 24,000.00 95,159.76 304,418.25 217,112.97 182,465.04 56

2003 8. 2002-12-31 2003-12-31 8,296,150.00 -- -- 8,296,150.00 * -- 95,000,000.00 -- 95,000,000.00 -- -- -- -- 8,296,150.00 95,000,000.00 -- 103,296,150.00 ** 2,972,970 6.39 8,296,150.00 11,184,313.14 -- *.3 ** 2003 2003 9 30 9. 2002-12-31 2003-12-31 54,710,533.65 2,416,072.32 1,646,919.72 55,479,686.25 644,374,820.07 137,953,240.44 83,487,433.00 698,840,627.51 17,786,649.36 1,354,064.58 694,600.00 18,446,113.94 4,386,929.98 373,309.16 -- 4,760,239.14 17,273,768.52 1,395,813.92 362,361.00 18,307,221.44 -- 5,322,127.18 -- 5,322,127.18 738,532,701.58 148,814,627.60 86,191,313.72 801,156,015.46 1,685,933.24 2,519,788.12 458,741.38 3,746,979.98 57

2003 102,167,384.20 29,793,361.88 6,011,095.14 125,949,650.94 9,999,191.05 1,486,443.62 315,021.29 11,170,613.38 2,754,253.48 320,441.99 8,031.60 3,066,663.87 7,354,590.63 2,406,893.80 286,701.29 9,474,783.14 -- 11,490.42 -- 11,490.42 123,961,352.60 36,538,419.83 7,079,590.70 153,420,181.73 614,571,348.98 647,735,833.73 135,407,130.16 5,322,127.18 77,836,337.86 83,847,433.00 6,011,095.14.3 1,646,919.72 458,741.38.29 2002 118,287,617.00 2003 10 77,836,337.86 2002 1,823,000.00 2002 10. 2002-12-31 2003-12-31 -- 5,645,573.88 -- 5,645,573.88 11. 58

2003 2002-12-31 2003-12-31 * 19,600,000.00 21,799,953.24 1,554,760.20 -- 23,354,713.44 99.5 13,000,000.00 7,816,452.51 2,406,058.25 -- 10,222,510.76 95% -- -- 135,407,130.16 135,407,130.16 -- 37,000,000.00 22,289,917.62 7,590,777.54 26,984.54 29,853,710.62 90% -- 3,665,160.97 1,769,652.85 5,434,813.82 -- 55,571,484.34 148,728,379.00 140,868,928.52 63,430,934.82 * 2004 1 135,407,130.16 12. 2002-12-31 2003-12-31 19,434,785.28 19,105,522.55 -- 402,878.20 1,409,734.36 17,292,909.99 44.5-49.9.29.6 13. 2002-12-31 2003-12-31 3,665,027.13 -- 1,650,686.79 2,014,340.34 3,599,321.84 -- 938,953.44 2,660,368.40 12,130,231.30 -- 1,378,966.47 10,751,264.83 656,828.63 159,865.02 272,127.88 544,565.77 1,823,609.02 -- 220,024.18 1,603,584.84 142,791.43 -- 39,848.76 102,942.67 22,017,809.35 159,865.02 4,500,607.52 17,677,066.85 14. 2003-12-31 2002-12-31 59

2003 RMB60,000,000.00 60,000,000.00 RMB84,000,000.00 84,000,000.00 USD5,000,000.00 41,383,500.00 USD8,000,000.00 66,218,400.00 EUR11,345,000.00 117,288,013.50 -- -- RMB45,000,000.00 45,000,000.00 RMB40,000,000.00 40,000,000.00 EUR7,330,000.00 75,779,739.00 USD17,000,000.00 140,714,100.00 339,451,252.50 330,932,500.00.1 15. 2003 12 31 48,797,913.33 29,603,416.42 59.56% 5%( 5%) 16. 2003-12-31 2002-12-31 15,872,910.71 6,286,710.50 -- 132,000.00 -- -- -- -- * -- -- -- -- -- -- -- -- ** 293,540.70 -- ** 264,186.63 -- 16,430,638.04 6,418,710.50*** * 2003 2002 12 31 235,200,000.00 0.6 2002 2003 7 60

2003 ** 2002 12 31 1,467,703.52 ***.24 17. 2003-12-31 2002-12-31 (277,900.95) 1,720,723.14 343,106.68 85,857.61 6,494,688.36 4,671,264.91 (20,359.93) 22,999.19 95,688.00 -- 142,627.80 (119,593.42) 6,777,849.96 6,381,251.43 5-12 18. 2003 12 31 23,520,927.55 1140 1993 4,822,833.71 ( ) 19,128,402.96 81.33% 5%( 5%).( ) 19. 2003-12-31 2002-12-31 406,561.80 406,561.80 176,299.95 -- 300,000.00 250,000.00 882,861.75 656,561.80 61

2003 20. 2002-12-31 2003-12-31 2,779,909.69 -- -- 2,779,909.69 21. 2002-12-31 2003-12-31 ( ) 1. 163,200,000.00 -- -- -- -- -- 163,200,000.00 2. -- -- -- -- -- -- -- 163,200,000.00 -- -- -- -- -- 163,200,000.00 ( ) 1. 72,000,000.000 21,600,000.00 -- -- -- -- 93,600,000.00 72,000,000.00 21,600,000.00 -- -- -- -- 93,600,000.00 235,200,000.00 21,600,000.00 -- -- -- -- 256,800,000.00 2003 [2003]137 2002 12 31 23,520 10 3 2,160 2003 12 31 144,956,291.37 18,825.91 4,613,760.00 654,534.54 3,586,240.00 2004 1 14 2004 1 14 148,542,531.37 5,437,115.93 143,105,415.44 21,600,000.00 121,505,415.44 [2004]10 2004 1 22. 2002-12-31 2003-12-31 * 597,211,499.40 121,505,415.44 -- 718,716,914.84 ** -- 5,783,062.14 -- 5,783,062.14 62

2003 87,949.00 -- -- 87,949.00 597,299,448.40 127,288,477.58 -- 724,587,925.98 *.21 **.3 23. 2002-12-31 2003-12-31 22,031,745.48 8,069,522.31 -- 30,101,267.79 22,031,745.48 8,069,522.31 -- 30,101,267.79 44,063,490.96 16,139,044.62 -- 60,202,535.58 24. 2003 * 51,053,963.80 80,695,223.06 : 1. 10% 8,069,522.31 2. 10% 8,069,522.31 3. -- 4. ** 14,112,000.00 101,498,142.24 * ** 2002 12 31 235,200,000.00 0.6 14,112,000.00 [2003]12 2002 2002 12 31 14,112,000.00 2002 14,112,000.00 2002 14,112,000.00 25. 2003 2002 2003 2002 2003 2002 375,330,530.13 326,097,613.73 216,518,711.80 203,147,828.21 158,811,818.33 111,746,984.47 10,152,183.70 4,902,318.75 3,753,084.45 2,392,799.48 6,399,099.25 730,066.16 63

2003 385,482,713.83 330,999,932.48 220,271,796.25 205,540,627.69 165,210,917.58 112,477,050.63 195,266,866.50 50.66% 186,673,996.44 96.58% 54,482,781.35 16.46 26. 2003 2002 1,058,763.26 -- 451,655.13 (10,277.45) 1,510,418.39 (10,277.45) 27. 2003 2002 13,070,448.18 11,042,600.02 7,189,235.66 7,493,447.34 11,946,936.08 (15,347,102.18) 455,426.22 410,115.32 18,283.574.82 (11,387,834.18) 28. 2003 2002 475,675.20 -- 1,987,279.71 537,947.03 * 467,382.45 -- 64

2003 1,995,572.46 537,947.03 1,457,625.43 270.96% 475,675.20 *.2 29. 2003 2002 2,434,240.64 138,704.93 -- 2,009,495.90 2,434,240.64 2,148,200.83 2,195,228.84 30. 2003 2002 242,775.60 144,584.85 2,156.80 85,991.01 * 173,819.30 -- -- 20,699.62 418,751.70 251,275.48 * 7. 31. 2003 3,428,650.81 19,843,954.47 2,684,595.42 1,644,700.46 1,904,903.07 1,851,263.07 65

2003 1,406,780.01 345,205.40 681,271.21 302,376.00 4,889,400.00 783,493.78 3,012,444.92 93,198.37 42,872,236.99 1. 2003-12-31 1 67,942,139.52 99.83% 339,710.70 67,602,428.82 3 119,645.45 0.17% 598.23 119,047.22 68,061,784.97 100% 340,308.93 67,721,476.04 2002-12-31 1 64,177,453.74 99.86% 320,887.27 63,856,566.47 3 89,995.45 0.14% 449.98 89,545.47 64,267,449.19 100% 321,337.25 63,946,111.94 2. 2002-12-31 2003-12-31 8,296,150.00 -- -- 8,296,150.00 -- -- -- -- 8,296,150.00 -- -- 8,296,150.00 17,563,072.41 97,999,905.32 909,976.19 114,653,001.54 -- -- -- -- 17,563,072.41 97,999,905.32 909,976.19 114,653,001.54 66

2003 25,859,222.41 97,999,905.32 909,976.19 122,949,151.54 (1) * 2,972,970 6.39 8,296,150.00 11,184,313.14 -- * 2003 2003 9 30 (2) 2002-12-31 ( ) 2003-12-31 2003.11.6-2013.11.5 95% 95,000,000.00 -- -- -- -- 95,000,000.00 * 2001.6.4 2016.6.3 62% 16,421,586.00 17,563,072.41 2,999,905.32 3,231,415.54 909,976.19** 19,653,001.54 ** 111,421,586.00 17,563,072.41 2,999,905.32 3,231,415.54 909,976.19** 114,653,001.54 *.3 ** 2002 12 31 1,467,703.52 909,976.19 3. 2003 2002 2003 2002 2003 2002 375,330,530.13 326,097,613.73 217,739,580.11 205,875,838.23 157,590,950.02 120,221,775.50 4. 2003 2002 * 475,675.20 -- ** 2,999,905.32 1,178,868.82 1,987,279.71 537,947.03 67

2003 *** 467,382.45 -- 4,995,477.78 1,716,815.85 * **.28 ***.2 ( ) 1. (1) (2) 2002-12-31 2003-12-31 100,000,000.00 -- -- 100,000,000.00 (3) 2002-12-31 2003-12-31 % % % % 160,824,000.00 68.38 -- -- 14,112,000.00 6 146,712,000.00 57.13 2. * 68

2003 * 2003 ( ) 1 2003 2002 4,700,000.00 4,700,000.00 2002 5 28 2002 1 1 470 470 2 7,330,000.00 45,000,000.00 ( ) 2003-12-31 2002-12-31 2003-12-31 2002-12-31 15,872,910.71 6,286,710.50 96.60% 97.94 105,301.68 1,861,952.60 0.45% 5.62% 2003 12 31 2003 12 31 HUMS 16,940,000.00 2003 80,695,223.06 10% 69

2003 8,069,522.31 10% 8,069,522.31 2002 36,941,963.80 2003 101,498,142.24 2003 12 31 718,716,914.84 2004 4 19 2003 12 31 256,800,000 10 2 51,360,000.00 256,800,000 10 10 256,800,000.00 50,138,142.24 461,916,914.84 2003 1 2002 1 2 1 2 2 1 3 4 1 2003 3 2003 12 31 339,451,252.50 2 70

2003 3 2003 1 8 [2002]26 2003 10 1100001626199 2004 5 5 1 95,000,000.00 83,259,400.00 11,740,600.00 5,000,000.00 83,259,400.00 77,476,337.86 5,783,062.14 [2003] 008 2003 12 31 6 4 [2003]1016 11 5 5 51 15 13 21 500 71

2003 5 2002 1 23 1176 2003 6 2002 2003 10 4,700,000.00 2001 110,335,617.00 4 171 7 2003 10 20 2003 7 2003 434 2003 10 20 2003 11 1 1,156,750.00 1,973,750.00 2003 7 1 2003 12 31 72

2003 2003 OO 73