600550 2004

... 1... 2... 3... 6... 9... 16... 17... 19... 30... 31... 35... 73

2004 1 2, 3 4 1

2004 1 BAODING TIANWEI BAOBIAN ELECTRIC CO.,LTD 2 3 318 0312-3252455 0312-3230382 E-mailZJC@twbb.com zh_jicheng@sina.com 318 0312-3308413 0312-3230382 E-mailwangqian@twbb.com 4 28 318 071056 http://www.twbb.com tzb@twbb.com.cn 2

2004 5 http://www.sse.com.cn 318 6 A A A 600550 7 1999 9 28 28 2002 12 2 28 1300001001342 130602718358175 158 : : 80,234,497.59 51,090,749.89 48,831,347.07 227,238,113.66 3

2004 6,889,426.50 65,133,618.16 14,764,574.69 461,126.25-124,821.51 46,255,056.98 253,827,350.49 : : -143,956.79 162,833.01 5,057,493.00 30,016.05 39,657.18 2,886,639.63 2,259,402.82 2004 2003 : : 2002 (%) 1,133,113,014.49 809,872,878.04 39.91 652,814,495.28 652,814,495.28 80,234,497.59 69,050,221.17 16.20 53,408,179.91 53,538,370.64 51,090,749.89 39,753,502.07 28.52 32,862,659.81 33,203,912.68 48,831,347.07 34,370,776.41 42.07 32,373,396.06 32,714,648.93 2002 2004 2003 (%) 2,672,909,185.34 1,824,462,566.66 46.50 1,639,369,120.98 1,639,499,311.71 966,538,406.93 910,893,394.30 6.11 870,565,142.32 870,906,395.19 46,255,056.98 106,889,354.01-56.73 55,777,666.43 55,777,666.43 2004 2003 2002 (%) 0.15 0.12 25 0.10 0.10 5.29 % 4.36 0.93 3.77 3.81 5.05 3.77 1.28 3.72 3.76 % 0.14 0.32-56.25 0.17 0.17 0.15 0.12 25 0.10 0.10 0.15 0.10 50 0.10 0.10 4

2004 0.15 0.10 50 0.10 0.10 5.45 % 4.64 0.81 3.85 3.89 5.21 4.01 1.20 3.72 3.83 % 2002 2004 2003 (%) 2.93 2.76 6.16 2.64 2.64 2.84 2.73 4.03 2.60 2.61 9 : : % 23.51 24.23 0.69 0.69 6.74 6.94 0.20 0.20 5.29 5.45 0.15 0.15 5.05 5.20 0.15 0.15 : : 330,000,000 485,249,690.93 28,384,219.04 9,461,406.36 67,259,484.33 910,893,394.30 4,554,262.74 10,161,239.84 3,387,079.94 40,929,510.05 55,645,012.63 330,000,000 489,803,953.67 38,545,458.88 12,848,486.30 108,188,994.38 966,538,406.93 1) 2) 3) 4) 5

2004 1 : 1 240,000,000 240,000,000 207,900,000 207,900,000 32,100,000 32,100,000 2 3 4 240,000,000 240,000,000 1 90,000,000 90,000,000 2 3 4 90,000,000 90,000,000 330,000,000 330,000,000 2 (1) (2) (3) 6

2004 1 31,464 5 A 31,459 2 ( ) : (%) 0 207,900,000 63.00 0 29,175,000 8.84 4,389,847 1.33 3,889,045 1.18 3,686,237 1.12 2,130,520 0.65 1,222,000 0.37 0 975,000 0.30 0 975,000 0.30 0 975,000 0.30 a 128910 1 2 b 34567 3 1 2.7 1991 1 9 7

2004 2 63% 1991 1 100% 3 4 100% 63% 4 5 ABH 4,389,847 A 3,889,045 A 3,686,237 A 8

2004 2,130,520 A 1,222,000 A 700,400 A 535,154 A 460,350 A 444,071 A 264,000 A a b 1 : 50 2002-09-28 2005-09-28 0 0 0 55 2002-09-28 2005-09-28 0 0 0 36 2002-09-28 2005-09-28 0 0 0 40 2004-06-29 2005-09-28 0 0 0 41 2002-09-28 2004-03-18 2005-09-28 2007-03-18 0 0 0 40 2002-09-28 2005-09-28 0 0 0 60 2002-09-28 2005-09-28 0 0 0 44 2002-09-28 2005-09-28 0 0 0 52 2003-07-18 2005-09-28 0 0 0 50 2003-04-25 2005-09-28 0 0 0 9

2004 40 2002-09-28 2005-09-28 0 0 0 39 2002-09-28 2005-09-28 0 0 0 46 2004-03-18 2007-03-18 0 0 0 44 2002-09-28 2005-09-28 0 0 0 36 2002-09-28 2004-03-18 2005-09-28 2007-03-18 0 0 0 39 2004-03-18 2007-03-18 0 0 0 58 2002-09-28 2005-09-28 0 0 0 (1) 1999 4 2000 3 2000 3 2002 2002 (2) 1995 6 2002 6 2002 6 (3) 1998 1 2001 2 2001 2 2002 7 2002 7 2004 3 2004 3 (4) 1997 9 2002 9 2002 10 2004 5 (5) 1999 9 2002 6 2002 7 2004 3 2004 3 (6) 1999 2 2000 2 2000 2 2001 12 2001 12 10

2004 (7) 1999 2002 2002 2004 2004 (8) 1999 2003 5 2003 5 (9) 1992 (10) 1998 3 2001 1 2001 1 2003 1 2003 1 2003 4 2003 4 (11) 1998 3 2000 12 2000 1 2001 6 2001 7 2004 4 (12) 1996 4 2001 1 2001 1 2001 8 2001 8 2002 9 2002 9 2003 2 HSP 2003 2 (13) 1999 9 2000 1 2000 2 2004 3 2004 3 (14) 1998 2 2000 6 2000 6 2001 8 2001 8 2002 9 2002 9 (15) 2000 1 2001 4 2001 4 2002 7 2002 7 2004 3 2004 3 (16) 1999 2001 2002 2003 2004 (17) 1997 10 2000 1 2000 1 2001 2 2001 2 2001 8 11

2004 2001 8 2002 8 2002 9 2 1999 4 1995 6 2004 5 2002 11 2004 5 2004 5 12

2004 13

2004 1 2 3 : : 1,369,585.40 470,162.40 470,895.00 8 4 5 15-20 6 8-15 3 5-8 3 14

2004 1 2 3 2004 1,772 128 1 885 257 110 21 282 217 15

2004 2 1 49 350 370 123 879 1 2 3 [2003]56 16

2004 1 8 8 0 0 8 8 0 0 8 8 0 0 2 1 2 3 4 5 17

2004 2004 3 30 00 2004 5 14 2003 2004 5 24 2003 24341.6974 33000 73.76% 1 2003 ; 2 2003 ; 3 2003 ; 4 2003 ; 5 2004 ; 6 2003 ; 7 ; 8 < > ; 9 < > ; 10 < > ; 2004 5 25 1 2004 5 25 00 18

2004 2004 6 29 2004 2 23707.5 33000 71.84 1 ; 2 2004 6 30 2004 2004 3255 kva 119263 113311.30 84 kva/500kv 50 kva/750kv IEC 72 kva/500kv 500kV 1 (1) (2) 19

2004 : : (%) (%) (%) (%) 792,331,782.88 657,319,649.06 17.04 28.15 28.36-0.14 111,745,381.40 86,944,403.84 22.19 57,344,916.24 31,149,567.81 45.68 62.65 72.15-3.00 ( ) 40,456,008.61 19,803,788.69 51.05 80.76 110.44-6.90 21,621,697.30 15,930,184.87 26.32 50.51 40.54 5.24 (3) : : (%) 144,343,989.44 116,780,995.74 9,247.03 64,281,154.15 33,938,514.40-82.36 446,620,637.95 359,895,941.34 432.15 195,634,228.27 158,162,833.45 62.77 84,743,843.41 63,784,216.55 23.87 64,877,446.11 52,526,172.16 43.99 38,565,365.41 34,710,423.67-52.19 94,046,349.75 81,933,268.07 105.53 : 43,890,821.39 49,124,132.22 26,392,454.71 26,392,454.71 1,133,113,014.49 901,732,365.38 43,890,821.39 2005 (4) 10% : : (%) 792,331,782.88 657,319,649.06 17.04 111,745,381.40 86,944,403.84 22.19 20

2004 2 (1) : : 9,100 13,375.69 1,095.76 7,500 25,593.93 850.53 1,000 7,771.57 1,196.43 2,800 3,182.38 108.83 100 618.06 105.55 300 2,461.71 12.60 3,183.66 3,235.80-262.29 PVD( ) 8,000 7,915.80-699.31 (2) 10% : : (%) 75,223,348.02 13,964,947.32 27.33 13,964,947.32 4,822,683.75 9,142,263.57 21

2004 3 : : 53,544 71.75% 21,230 24.46% 4 1) 2) 750kV 3) 16,864.505 1,754.225 11.61% 1 2 1) 210 2004 1 30 2004 6 16 2) 25.88% 22

2004 14,085.99 2004 3 30 13,964,947.32 3) 2% 155.77 2004 11 6 4) 1,225 2004 8 13 5) 1,187.745 2004 11 18 : : 2,672,909,185.34 1,824,462,566.66 848,446,618.68 46.50 227,238,113.66 159,528,468.24 67,709,645.42 42.44 51,090,749.89 39,753,502.07 11,337,247.82 28.52 253,827,350.49 44,819,714.26 209,007,636.23 466.33 966,538,406.93 910,893,394.30 55,645,012.63 6.11 (1) (2) (3) (4) 23

2004 1 2005 2 3 4 5 6 7 8 1 1) 2004 3 18 < > 800 300 2004 3 19 2) 2004 3 26 2003 2003 2003 2003 2004 2003 2003 2003 24

2004 2004 3 30 3) 2004 4 16 2004 4) 2004 5 24 2004 2004 5 25 5) 2004 7 5 2004 2004 7 7 6) 2004 8 20 2004 7) 2004 10 19 2004 < > 2.4 2004 10 21 8) 2004 11 8 1.85 2004 11 10 2 1 25.88% 2004 3 19 2004 3 30 2 2003 25

2004 2004 51,172,685.76 6,828,783.81 3,414,391.90 40,929,510.05 67,259,484.33, 2004 108,188,994.38 2004 33000 10 2.00 66,000,000 42,188,994.38 2004 12 31 [2003]56 2004 12 31 12004 2 2004 8000 26 9132964.28 31085960.62 50000000.00 18006105.24 389049686.27 93000000.00 27139069.52 348761851.08 50000000.00 0.00 71373795.81 93000000.00-9132964.28 40287835.19 43000000.00 51000000.00 2000000.00 53000000.00

2004 0.00-51000000.00 3000000.00 3000000.00 0.00 11939891.79 54365787.29 63102167.51 3203511.57-8736380.22-381557.54 40000000.00 63622821.87 62430000.00 40000000.00 811264.33 40000000.00 1192821.87 87016.66 10000000.00 60000.00 40455862.31 32634000.00 10000000.00 60000.00 7908878.97 10000000.00 60000.00 7821862.31 325426.50 3725468.49 3301421.00 749473.99 424047.49 27

2004 2912288.82 535347.41 1386965.52 2060670.71-851618.11 658423.58 35000000.00 129631237.01 129901415.81 35000000.00 388244.78 35000000.00-270178.8-963634.48 3510118.5 1495306.26 1051177.76 2014812.24 1563628.00 1563628.00 1563628.00 17235870.00 11989924.13 5245945.87 5245945.87 44330955.71 23486891.44 28

2004 20844064.27 20844064.27 903664.53 10973680.45 2889526.70 8987818.28 8084153.75 2005 3 18 [2003]56 2004 1 50% 70% 50 2 11000 1 3000 2 51% 8000 [2003]56 3 [2003]56 29

2004 2004 3 18 1 2004 3 26 2003 2003 2003 2004 2003 2004 3 30 2 2004 8 20 2004 3 2004 10 19 2004 < > 2004 10 21 2004 30

2004 2004 1) 2004 3 26 25.88% 7,546.42 14,620.67 14,085.99 2004 8 2004 3 30 914.23 31

2004 2) 2004 11 2% 155.77 2003 [2004]2048 2004 11 6 1 () 311,288,359.49 100 110,795,929.07 100 54,378,480.23 42 2 () 15,389,833.54 1.70 45,953,664.35 5.09 2005 3 : : 8,987,818.28 8,987,818.28-851,618.11 2,060,670.71 32

2004 424,047.49 749,473.99-8,736,380.22 3,203,511.57 40,651,835.19 71,737,795.81 43,000,000.00 93,000,000.00 1,051,177.76 1,051,177.76 17,881,862.31 17,968,878.97 34,729,821.20 35,388,244.78 40,811,264.30 40,811,264.30 / 40,475,702.63 86,739,270.36 137,474,125.57 188,219,565.81 31,487,884.35 77,751,452.08 1 2 3 4 33 : : 2004-10-20 30,000,000 1 30,000,000 30,000,000 80,000,000

2004 80,000,000 110,000,000 11.38% 3000 5 2004 3 18 300 6 5% 5% 40 4 1)2004 3 18 2004 3 30 34

2004 2)2004 5 24 2003 2004 5 25 3)2004 6 29 2004 2004 6 30 4) [2005]2051 2004 12 31 2004 2004 12 31 2004 158 2005 3 18 35

2004 2004 12 31 : : : 583,842,567.79 326,526,255.87 500,001,758.04 282,599,723.49 38,000,000.00 58,000,000.00 38,000,000.00 109,000,000.00 35,000.00 248,797.98 248,797.98 490,000.00 517,539,012.67 384,299,133.35 450,391,726.51 338,195,126.17 24,772,771.54 23,347,500.08 5,368,789.92 9,395,576.46 257,550,923.41 114,031,410.36 201,736,632.74 103,869,715.39 803,024.26 418,824,043.23 230,264,045.52 347,647,312.57 210,314,218.46 221,632.06 116,286.69 1,841,588,974.96 1,136,833,429.85 1,543,146,219.78 1,054,113,157.95 170,777,122.50 72,363,248.08 379,617,391.14 193,770,379.50 27,000,000.00 27,000,000.00 197,777,122.50 99,363,248.08 379,617,391.14 193,770,379.50-6,065,789.05-7,414,060.73 761,890,877.50 543,304,763.31 510,680,819.80 471,269,379.50 241,647,565.94 207,305,191.76 221,662,433.27 201,196,379.22 520,243,311.56 335,999,571.55 289,018,386.53 270,073,000.28 59,677.17 99,334.35 59,677.17 99,334.35 520,183,634.39 335,900,237.20 288,958,709.36 269,973,665.93 66,792,924.66 207,482,982.55 48,221,981.00 82,420,304.00 586,976,559.05 543,383,219.75 337,180,690.36 352,393,969.93 50,661,127.35 51,954,644.70 1,971,190.53 342,085.01 52,632,317.88 52,296,729.71 36

2004 2,672,909,185.34 1,824,462,566.66 2,259,944,301.28 1,600,277,507.38 876,000,000.00 434,500,000.00 775,500,000.00 409,500,000.00 195,000,000.00 54,500,000.00 195,000,000.00 54,500,000.00 152,447,612.36 63,474,758.01 68,765,925.04 35,026,658.63 177,145,727.90 84,504,935.03 176,588,809.11 82,680,523.03 1,831,922.35 911,306.31 1,655,962.08 1,115,165.51 139,904.44 88,253.53 1,384,880.24 1,384,880.24 1,384,880.24 1,384,880.24 29,871,565.85 40,292,120.09 23,432,626.98 33,013,971.90 863,405.85 2,090,867.69 579,851.54 1,918,919.37 39,689,366.85 30,592,825.30 4,109,881.11 7,736,244.01 1,234,969.54 2,119,483.87 522,646.48 36,000,000.00 21,000,000.00 36,000,000.00 21,000,000.00 1,513,125,413.02 736,486,342.05 1,281,501,878.46 647,372,097.19 36,000,000.00 36,000,000.00 10,952,000.00 26,440,000.00 10,562,000.00 4,600,000.00 10,952,000.00 62,440,000.00 10,562,000.00 40,600,000.00 1,524,077,413.02 798,926,342.05 1,292,063,878.46 687,972,097.19 182,293,365.39 114,642,830.31 330,000,000.00 330,000,000.00 330,000,000.00 330,000,000.00 330,000,000.00 330,000,000.00 330,000,000.00 330,000,000.00 489,803,953.67 485,249,690.93 489,803,953.67 485,249,690.93 38,545,458.88 28,384,219.04 34,367,400.07 26,714,287.59 12,848,486.30 9,461,406.36 11,455,800.03 8,904,762.54 108,188,994.38 67,259,484.33 113,709,069.08 70,341,431.67 66,000,000.00 66,000,000.00 966,538,406.93 910,893,394.30 967,880,422.82 912,305,410.19 2,672,909,185.34 1,824,462,566.66 2,259,944,301.28 1,600,277,507.38 : : : 37

2004 2004 : : 1,133,113,014.49 809,872,878.04 867,753,531.10 714,540,502.29 901,732,365.38 646,459,582.21 727,429,404.13 591,909,819.39 4,142,535.45 3,884,827.59 3,190,974.33 3,253,106.10 227,238,113.66 159,528,468.24 137,133,152.64 119,377,576.80-6,889,426.50 5,000,656.53 5,098,868.75 2,987,389.88 - : 36,726,797.37 26,284,012.89 19,338,877.83 14,070,601.40 93,658,644.10 54,788,532.04 62,629,373.05 44,974,031.54 38,608,480.53 23,967,477.26 35,170,884.67 23,530,497.34-65,133,618.16 59,489,102.58 25,092,885.84 39,789,836.40-14,764,574.69 9,251,405.07 27,836,122.02 17,715,868.07 461,126.25 157,738.85 132,224.85 248,188.21 57,052.50 246,879.81 257,046.36 96,213.54 65,219.89 95,014.09 80,234,497.59 69,050,221.17 52,920,840.47 57,657,570.19-15,844,910.49 23,905,292.44 1,900,090.58 16,492,052.23 13,298,837.21 5,391,426.66 ( ) - 51,090,749.89 39,753,502.07 51,020,749.89 41,165,517.96 38

2004 67,259,484.33 34,875,640.25 70,341,431.67 35,350,741.42 81,935.87 118,432,170.09 74,629,142.32 121,362,181.56 76,516,259.38 6,828,783.81 4,913,105.33 5,102,074.99 4,116,551.81 3,414,391.90 2,456,552.66 2,551,037.49 2,058,275.90 ( ) 108,188,994.38 67,259,484.33 113,709,069.08 70,341,431.67 ( - 108,188,994.38 67,259,484.33 113,709,069.08 70,341,431.67 ) 1. 2. 3. ( ) 4. ( ) 5. 6. : : : 39

2004 2004 : : : 1,118,904,725.70 854,020,797.28 9,072,427.63 7,090,827.28 49,842,607.28 29,959,370.97 1,177,819,760.61 891,070,995.53 878,364,170.34 687,060,171.52 77,523,584.43 65,042,338.97 78,904,445.15 61,097,431.92 96,772,503.21 57,722,838.89 1,131,564,703.13 870,922,781.30 46,255,057.48 20,148,214.23 60,719,813.05 113,719,813.05 6,513,806.09 9,021,833.59 474,695.17 307,402.74 1,673,196.75 1,385,789.97 69,381,511.06 124,434,839.35 99,014,828.42 14,455,327.47 209,256,394.00 221,169,160.38 2,636,515.09 310,907,737.51 235,624,487.85-241,526,226.45-111,189,648.50 71,592,244.78 1,048,600,000.00 961,500,000.00 76,239.23 1,120,268,484.01 961,500,000.00 616,500,000.00 616,500,000.00 40,419,660.43 36,175,838.36 14,268,386.79 380,692.82 40

2004 671,188,047.22 653,056,531.18 449,080,436.79 308,443,468.82 18,083.17 253,827,350.99 217,402,034.55 1 51,090,749.89 51,020,749.89 ( - ) 13,298,837.21 11,816,876.92 9,594,172.17 42,020,912.83 27,508,725.33 2,479,767.10 763,635.09 18,546.94-645,053.10-522,646.48 40,377.74 (: ) 4,241.66 38,350,784.34 35,170,884.67-14,752,147.97-27,836,122.02-187,933,773.27-137,333,094.11 ( ) -258,846,010.11-197,394,942.47 ( ) 349,152,970.64 260,122,316.58-601,416.77-186,070.99 46,255,057.48 20,148,214.23 2 3 583,842,567.79 500,001,758.04 330,015,216.80 282,599,723.49 253,827,350.99 217,402,034.55 : : : 41

2004 2004 : : : 26,890,211.37 11,573,745.54 416,540.00 38,047,416.91 25,090,277.30 11,156,978.96 416,540.00 35,830,716.26 1,799,934.07 416,766.58 2,216,700.65 694,726.77 374,545.12 320,181.65 318,150.25 318,150.25 376,576.52 374,545.12 2,031.40 99,334.35 39,657.18 59,677.17 99,334.35 39,657.18 59,677.17 : : : 42

2004 2004 12 31 23 212 024.31 9 594 172.17 416 540.00 32 389 656.48 22 549 599.39 9 811 606.87 416 540.00 31 944 666.26 662 424.92-217 434.70 444 990.22 694 726.77 374 545.12 320 181.65 318 150.25 318 150.25 376 576.52 374 545.12 2 031.40 99 334.35 39 657.18 59 677.17 99 334.35 39 657.18 59 677.17 : : : 43

2004 1999 9 27 [1999]33 1999 9 28 [2001]1 2001 1 12 A 6000 22000 2001 2 12 22000 [2001]6001 2002 4 26 2001 2001 12 31 22000 10 2 0.5 10 3 2002 5 33000 1. 2. 3. 4. 5. 6. 3 7. 44

2004 8. 1 5% 1-2 8% 2-3 10% 3 20% 9. 10. 20%20% 20% 50% 50% 50% 20% 20% 10 2003 3 17 45

2004 2 000 2 000, : (%) (%) 15-35 3 2.77-6.47 4-20 3 4.85-24.25 4 3 24.25 6-10 3 9.70-16.17 11. 12. 46

2004 47 10 ( ), 1 2 3 19. 20. [1995]11 962

2004 50% 50% 1 17% 2 5% 3 7%4% 5%3% 5%4% 4 ( ) 33% 15% ( 15% ) 5 7500 4631 51% 9100 4459 49% 1000 490 49% LRGBJ-35-220KV STB- 35-110KV 100 70 70% 300 153 51% 50 45 90% 2800 2240 80% 1000 1200 51% 8000 4400 55% PVD( ) 3184 2388 75% 48

2004 300 216 70% 1 1998 8 18 500 2002 2 23 7500 49%45%6% 4475 2900 450 7500 7 4 2004 1 2004 11 5 2% 2003 [2004]2048 156 2002 7 2002 8 ISO9002 2 6600 2002722 200211 49% 7 4 20045 2500 9100 1225 3 20011 9324025998218242 200112 ISO9002 1000 490 49% 5 3 LRGBJ-35-220KV STB-35-110KV 2001 2002 4 200112 24 100 70 70% 49

2004 5 3 5 4 2002 12 300 153 51% 5 3 HSP 6 2003 6 30 2800 2240 560 7 2004 6 300 210 70% 90 30% 3 2 8 2003 9 25 1600 2004 11 3183.66 75%15.26%9.74% 1187.745 197.8256 198.0885, 2002/12/30-2012/12/30 5 3 9 2003 9 23 8000 4400 3600 55%45%, 2003/09/25-2023/09/23 3 2 PVD 50% 2004 50

2004 10% [ 19962 ] 6 1 4 290 953.06 831 632.12 487 870 640.14 273 933 351.47 91 680 974.59 51 761 272.28 583 842 567.79 326 526 255.87 2 3 000 000.00 3 000 000.00 35 000 000.00 55 000 000.00 38 000 000.00 58 000 000.00 3 35 000.00 248 797.98 35 000.00 248 797.98 4 1 411 020 394.28 74.28 20 251 019.71 312 667 603.16 76.38 15 633 380.15 1-2 74 825 827.63 13.52 5 986 066.21 66 108 854.92 16.15 5 288 708.39 2-3 39 110 710.68 7.07 3 911 071.07 19 544 017.56 4.77 1 954 401.76 3 28 412 796.34 5.13 5 682 559.27 11 068 935.01 2.70 2 213 787.00 553 369 728.93 100.00 35 830 716.26 409 389 410.65 100.00 25 090 277.30 5% 5% 118 287 746.02 21.36% % 28 384 200.00 5.13 27 316 296.02 4.93 51

2004 23 275 250.00 4.20 20 910 000.00 3.78 18 402 000.00 3.32 118 287 746.02 21.36 5 1 10 054 977.26 37.25 502 748.86 9 397 608.47 37.37 469 880.42 1-2 1 848 009.95 6.85 147 840.80 15 146 500.76 60.23 1 211 720.06 2-3 14 511 860.06 53.77 1 451 186.01 23 313.90 0.09 2 331.39 3 574 624.92 2.13 114 924.98 580 011.02 2.31 116 002.20 26 989 472.19 100.00 2 216 700.65 25 147 434.15 100.00 1 799 934.07 5% 5% 6 % % 1 240 906 469.89 93.54 102 652 002.25 90.02 1-2 12 049 841.25 4.68 3 974 400.45 3.49 2-3 2 058 997.57 0.80 6 471 765.21 5.68 3 2 535 614.70 0.98 933 242.45 0.81 257 550 923.41 100.00 114 031 410.36 100.00 71 373 795.81 6 778 200.00 6 194 950.00 5 710 885.81 7 103 713 029.28 24.75 58 967 895.99 25.53 114 134 557.56 27.23 42 773 729.23 18.52 187 901 068.47 44.83 123 633 098.09 53.53 4 950 469.65 1.18 491 379.05 0.21 696 862.16 0.17 111 861.42 0.05 253 998.74 0.06 3 274 269.91 1.42 52

2004 57 111.62 0.01 151 168.48 0.07 7 437 127.40 1.77 1 555 370.12 0.67 419 144 224.88 100.00 230 958 772.29 100.00 2 031.40 0.63 376 576.62 54.20 318 150.25 99.37 318 150.25 45.80 320 181.65 100.00 694 726.77 100.00 8 % 2002/12/26-2022/12/26 2003/4/3-2012/1/14 2003/2/21-2013/2/20 15.00 300 000.00 25.00 250 000.00 22.00 660 000.00 2003.06 34.00 170 000.00 2003.09 25.00 250 000.00 2003.09 51.00 12 000 000.00 2003.03 90.00 450 000.00 2004.03 25.88 140 859 900.00 9 % 20 000 000.00 7 000 000.00 27 000 000.00 53

2004 10 234 360 139.38 76 274 892.53 8 931 224.86 301 703 807.05 286 632 327.75 152 638 917.83 6 934 564.75 432 336 680.83 8 556 476.79 2 625 214.00 1 162 291.00 10 019 399.79 13 410 416.39 1 402 566.46 2 200 031.08 12 612 951.77 345 403.00 4 872 635.06 5 218 038.06 543 304 763.31 237 814 225.88 19 228 111.69 761 890 877.50 73 888 951.21 11 286 145.28 398 542.85 84 776 553.64 125 646 526.44 27 567 767.97 4 096 828.99 149 117 465.42 1 321 033.33 6 889 187.14 2 025 260.19 6 184 960.28 6 409 575.17 493 822.71 5 746 930.32 1 156 467.56 39 105.61 385 604.56 12 591.13 412 119.04 207 305 191.76 46 622 527.66 12 280 153.48 241 647 565.94 335 999 571.55 520 243 311.56 99 334.35 39 657.18 59 677.17 99 334.35 39 657.18 59 677.17 99 334.35 39 657.18 59 677.17 11 19 820 508.08 7 531.25 4 388 752.33 15 439 287.00 97% CAD 1 031.01 1 031.01 99% 783 562.09 783 562.09 97% 1 922 437.19 1 922 437.19 100% 451 126.36 451 126.36 100% 2 457 061.75 462 144.61 1 036 633.22 1 882 573.14 82% 27 947 295.78 1 153 705.24 2 272 590.94 26 828 410.08 92% 27 174 473.00 155 476.13 27 240 958.13 88 991.00 99% 1 863 839.75-18 472.00 568 647.25 1 276 720.50 872 906.85 7 186 259.01 7 348 085.75 711 080.11 1 500.00 36 931.69 1 500.00 36 931.69 124 188 271.70 19 068 286.31 125 433 626.15 17 822 931.86 54

2004 949 497.22 949 497.22 207 482 982.55 29 002 390.47 169 692 448.36 66 792 924.66 12 4 784 699.43 1 021 061.02 2 200 031.08 591 418.83 148 898.00 16 547.22 7 133 628.51 1 629 027.07 13 22 784 514.70 704 675.30 1 094 564.50 1 799 239.80 20 985 274.90 29 170 130.00 2 584 700.00 2 078 977.55 7 226 647.55 29 675 852.45 51 954 644.70 2 584 700.00 704 675.30 3 173 542.05 9 025 887.35 50 661 127.35 14 485 404.00 342 085.01 342 085.01 485 404.00 2 240 870.90 269 680.37 269 680.37 1 971 190.53 485 404.00 342 085.01 2 240 870.90 611 765.38 755 084.37 1 971 190.53 15 735 000 000.00 409 500 000.00 12 000 000.00 17 000 000.00 129 000 000.00 8 000 000.00 876 000 000.00 434 500 000.00 16 195 000 000.00 54 500 000.00 195 000 000.00 54 500 000.00 17 % % 1 142 657 607.96 93.58 43 212 187.81 68.08 55

2004 1-2 7 076 817.18 4.64 18 488 056.66 29.12 2-3 942 879.23 0.62 1 534 994.66 2.42 3 1 770 307.99 1.16 239 518.88 0.38 152 447 612.36 100.00 63 474 758.01 100.00 7 908 878.97 2 521 816.39 2 518 254.00 2 459 263.73 1 932 520.72 17 340 733.81 18 % % 1 170 420 424.53 96.20 77 460 731.00 91.66 1-2 4 441 599.34 2.51 4 529 000.00 5.36 2-3 973 995.59 0.55 744 200.00 0.88 3 1 309 708.44 0.74 1 771 004.03 2.10 177 145 727.90 100.00 84 504 935.03 100.00 19 % % 1 30 661 129.60 77.25 16 926 525.14 55.33 1-2 8 318 712.85 20.96 6 122 420.98 20.01 2-3 27 745.00 0.07 6 811 745.48 22.27 3 681 779.40 1.72 732 133.70 2.39 39 689 366.85 100.00 30 592 825.30 100.00 384 000.00 289 153.46 270 783.20 230 829.58 56

2004 20 1 831 922.35 911 306.31 1 831 922.35 911 306.31 21 43 045.56 43 045.56 10 545.56 10 545.56 43 045.56 43 045.56 1 288 243.56 1 288 243.56 1 384 880.24 1 384 880.24 22 14 118 733.79 20 725 814.14 13 764 026.81 15 059 332.80 144 708.35 251 600.00 1 358 020.65 1 206 379.96 63 600.00 385 409.46 2 984 959.18 100 666.79 434.01 29 871 565.85 40 292 120.09 23 695 014.38 2 012 235.94 144 962.88 23 428.59 78 631.75 863 405.85 2 090 867.69 24 731 186.54 92 424.99 563 589.73 277 438.95 57

2004 453 600.00 796 292.92 1 500.00 177 923.15 48 683.00 211 814.13 1 234 969.54 2 119 483.87 25 36 000 000.00 21 000 000.00 36 000 000.00 21 000 000.00 26 36 000 000.00 36 000 000.00 27 2 240 000.00 2 240 000.00 1 200 000.00 538 000.00 662 000.00 600 000.00 500 000.00 1 100 000.00 560 000.00 560 000.00 6 000 000.00 6 000 000.00 300 000.00 300 000.00 20 000 000.00 20 000 000.00 1 770 000.00 1 770 000.00 70 000.00 70 000.00 20 000.00 20 000.00 26 440 000.00 6 820 000.00 22 308 000.00 10 952 000.00 28 207 900 000.00 207 900 000.00 990 000.00 990 000.00 990 000.00 990 000.00 990 000.00 990 000.00 29 130 000.00 29 130 000.00 90 000 000.00 90 000 000.00 330 000 000.00 330 000 000.00 58

2004 29 1 123 124.10 4 429 262.74 5 552 386.84 484 081 521.83 484 081 521.83 45 045.00 125 000.00 170 045.00 485 249 690.93 4 554 262.74 489 803 953.67 30 18 922 812.68 6 828 783.81 54 623.91 25 696 972.58 9 461 406.36 3 414 391.90 27 311.96 12 848 486.30 28 384 219.04 10 243 175.71 81 935.87 38 545 458.88 31 67 259 484.33 51 090 749.89 81 935.87 6 828 783.81 3 414 391.90 : 108 188 994.38 32 792 331 782.88 657 319 649.06 618 290 702.27 512 098 511.48 21 621 697.30 15 930 184.87 14 365 316.13 11 336 401.72 7 952 926.26 5 353 441.38 470 085.49 365 275.74 ( ) 40 456 008.61 19 803 788.69 22 380 518.77 9 410 609.37 23 322 592.53 12 126 900.57 7 688 337.63 3 593 312.37 111 745 381.40 86 944 403.84 6 755 660.06 4 933 544.00 9 329 487.09 8 258 546.99 57 344 916.24 31 149 567.81 35 257 631.52 18 094 763.56 8 405 982.91 7 667 790.57 34 198 632.47 29 383 476.67 3 649 024.72 2 979 787.06 59

2004 2 793 772.31 2 456 543.31 1 213 012.48 1 022 582.97 67 137 954.05 62 980 095.28 56 274 469.41 44 982 770.28 1 133 113 014.49 901 732 365.38 809 872 878.04 646 459 582.21 % 144 343 989.44 116 780 995.74 27 562 993.70 9247.03 64 281 154.15 33 938 514.40 30 342 639.75-82.36 446 620 637.95 359 895 941.34 86 724 696.61 432.15 195 634 228.27 158 162 833.45 37 471 394.82 62.77 84 743 843.41 63 784 216.55 20 959 626.86 23.87 64 877 446.11 52 526 172.16 12 351 273.95 43.99 38 565 365.41 34 710 423.67 3 854 941.74-52.19 94 046 349.75 81 933 268.07 12 113 081.68 105.53 1 133 113 014.49 901 732 365.38 231 380 649.11 39.91 33 2 500 842.89 2 399 394.58 1 479 920.87 1 312 437.81 161 771.69 172 995.20 4 142 535.45 3 884 827.59 34 36 134 899.15 31 670 079.89 4 464 819.26 34 821 498.51 32 037 747.88 2 783 750.63 1 760 000.00 1 715 747.46 44 252.54 2 329 687.00 2 005 002.77 324 684.23 9 245 522.68 6 865 167.98 2 380 354.70 8 421 553.90 6 529 332.23 1 892 221.67 47 140 421.83 40 250 995.33 6 889 426.50 45 572 739.41 40 572 082.88 5 000 656.53 35 39 300 866.71 26 150 584.89 1 583 880.82 2 388 219.52 300 813.83 463.86 52 788.76 643 469.57 204 648.03 38 608 480.53 23 967 477.26 60

2004 36-4 863 899.31 461 256.77 13 366 243.01 903 248.08 7 390.34 6 254 840.65 7 886 900.22 14 764 574.69 9 251 405.07 37 65 836.01 66 822.50 7 502.84 65 402.35 132 224.85 73 338.85 38 226 342.63 155 022.27 39 304.91-39 657.18-60 008.18 31 056.00 1 199.45 257 046.36 96 213.54 39 80 234 497.59 69 050 221.17 18 724 249.49 4 890 691.63 1 9 921 054.93 1 766 994.69 2-60 008.18 3 318 150.25 4 8 803 194.56 2 865 554.87 8 388 358.79 1 500 632.71 1 7 569 626.62 1 445 904.45 2 818 732.17 54 728.26 90 570 388.29 72 440 280.09 33%/15% 33% 27 871 405.37 23 905 292.44 61

2004 4 773 467.60 7 090 827.28 162 200.00 15 844 910.49 23 905 292.44 40 96 772 503.21 19 586 249.00 8 422 549.36 4 656 784.50 4 557 190.00 41 14 268 386.79 1 % % 1 361 133 164.43 74.87 18 056 658.22 267 637 706.85 74.19 13 381 885.34 1-2 53 679 721.32 11.13 4 294 377.70 62 494 066.14 17.32 4 999 525.29 2-3 39 110 710.68 8.11 3 911 071.07 19 544 017.56 5.42 1 954 401.76 3 28 412 796.34 5.89 5 682 559.27 11 068 935.01 3.07 2 213 787.00 482 336 392.77 100.00 31 944 666.26 352 128 823.90 100.00 21 319 732.78 5% 5% 118 287 746.02 24.52% % 28 384 200.00 5.88 27 316 296.02 5.66 23 275 250.00 4.82 20 910 000.00 4.34 18 402 000.00 3.82 118 287 746.02 24.52 62

2004 2 1 3 551 023.36 61.08 177 551.17 7 075 626.18 70.35 353 781.31 1-2 814 955.88 14.02 65 196.47 2 379 750.28 23.66 190 380.02 2-3 873 175.98 15.02 87 317.60 22 613.90 0.22 2 261.39 3 574 624.92 9.88 114 924.98 580 011.02 5.77 116 002.20 5 813 780.14 100.00 444 990.22 10 058 001.38 100.00 662 424.92 5% 5% 3 1 % 51 75 000 000.00 38 465 178.42 49 66 000 000.00 45 782 042.35 49 10 000 000.00 20 245 722.00 70 1 000 000.00 700 000.00 51 3 000 000.00 1 530 000.00 2003/9/01-51 10 000 000.00 5 100 000.00 1998/8/28-2017/2/22 2002/7/22-2007/7/1 2001/01/09-2021/01/08 2001/12/24-2011/12/23 2002/11/26-2007/11/25 2003/09/25-2033/09/24 2003/09/25-2023/09/24 2004/06/10-2024/06/09 2004/03/31-2014/03/30 2003/3/6-2023/3/5 2003/6/30-2023/12/31 75 16 000 000.00 23 877 450.00 55 80 000 000.00 44 000 000.00 70 3 000 000.00 2 100 000.00 25.88 105 600 500.00 76 557 450.07 90 500 000.00 450 000.00 80 28 000 000.00 22 400 000.00 4 261 654.27 5 597 451.97 729 708.63 51 140 030.99 63

2004 5 369 211.75 8 660 053.38 12 475.40 54 115 944.76 5 862 512.70 8 888 483.94 1 908 494.14 17 786 122.49 738 821.58 1 063 689.30 1 763 689.30 191 334.41-412 310.10 1 117 689.90-1 476 231.31-572 983.23 10 507 016.77 450 902.15 549 640.72 999 640.72 870 664.74 2 567 274.40 24 967 274.40-1 967 186.78-1 967 186.78 41 414.25 21 951 677.47-3 846 204.44-3 846 204.44 53 084.96 40 206 880.52 88 194.25 88 194.25 2 252 050.79 13 964 947.32 13 964 947.32 2 807 209.46 152 809 373.03 24 508 620.64 33 601 050.73 5 552 386.84 379 617 391.14 2004 12 31 980000 2 ( ) -15 345 722.00 20-767 286.10-3 069 144.41-12 276 577.59 7 842 505.78 15 526 503.99 1 494 813.81 6 347 691.97-1 192 042.35 5-409 639.67-853 415.98-338 626.37 6 900 000.00 10 690 000.00 920 000.00 5 980 000.00 65 493.88 20 1 637.34 1 637.34 63 856.54 64 302 449.93 10 4 822 683.75 4 822 683.75 59 479 766.18 62 572 685.24 4 863 899.31 3 316 574.51 59 256 110.73 64

2004 4 792 331 782.88 657 319 649.06 618 290 702.27 512 098 511.48 12 721 724.71 11 750 330.21 14 365 316.13 11 336 401.72 8 405 982.91 7 667 790.57 34 198 632.47 29 383 476.67 46 093 595.30 43 223 654.15 44 171 995.86 35 998 049.61 8 200 445.30 7 467 980.14 3 513 855.56 3 093 379.91 867 753 531.10 727 429 404.13 714 540 502.29 591 909 819.39 5 3 718 970.50 2 146 976.89 24 651 312.85 8 455 690.19-4 863 899.31 541 256.77 7 390.34 4 322 347.64 6 571 944.22 27 836 122.02 17 715 868.07 4 261 654.27 190 631.54 5 862 512.70 2 119 425.95 738 821.58 312 338.76 5 369 211.75 3 290 841.63 142 692.21 447 500.51-1 476 231.31 903 248.08 450 902.15 98 738.57 191 334.41-603 644.51 870 664.74 1 696 609.66-1 967 186.78-3 846 204.44 88 194.25 13 964 947.32 24 651 312.85 8 455 690.19 65

2004 66 1 1 LRGBJ-35-220KV STB-35-110KV PVD( )

2004 270 000 000.00 270 000 000.00 75 000 000.00 75 000 000.00 66 000 000.00 25 000 000.00 91 000 000.00 10 000 000.00 10 000 000.00 1 000 000.00 1 000 000.00 3 000 000.00 3 000 000.00 3 000 000.00 3 000 000.00 500 000.00 500 000.00 28 000 000.00 28 000 000.00 10 000 000.00 10 000 000.00 80 000 000.00 80 000 000.00 16 000 000.00 15 836 600.00 31 836 600.00 2 000 000.00 2 000 000.00 3 000 000.00 3 000 000.00 500 000.00 500 000.00 67

2004 3 000 000.00 3 000 000.00 500 000.00 500 000.00 1 000 000.00 1 000 000.00 2 000 000.00 2 000 000.00 20790 63% 20790 63% 3675 49% 150 2% 3825 51% 3234 49% 1225 4459 49% 490 49% 490 49% 70 70% 70 70% 153 51% 153 51% 45 90% 45 90% 2240 80% 2240 80% 1200 51% 1200 51% 4400 55% 4400 55% 1200 75% 1188 2388 75% 210 70% 210 70% 68

2004 130 65% 130 65% 114 38% 114 38% 30 60% 30 60% 153 51% 153 51% 17 34% 17 34% 25 25% 25 25% 110 55% 18 9% 128 64% 2 2 1 311 288 359.49 178 556 166.93 12 785 330.58 69

2004 13 607 124.13 15 389 833.54 52 441 737.07 % % 80 000 000.00 614 000 000.00 241 5300 2 2 772 335.90 4 105 450.34 34 577 660.09 26 783 067.09 54 378 480.23 29 914 827.01 2 793 504.27 4 444 039.72 460 927.53 1 517 810.33 70

2004 110 795 929.07 71 298 498.55 40 685 613.26 34 036 548.31 16 410.24 1 025.64 815 353.61 2 127 035.57 1 336 534.19 6 639 487.02 3 280 437.93 45 953 664.35 61 127 679.32 1 218 615.61 787 335.47 100 60 9 132 964.28 8 987 818.28 60 000.00 388 244.78 658 423.58 1 051 177.76 7 908 878.97 87 016.66 811 264.30 93 000 000.00 50 000 000.00 10 000 000.00 40 000 000.00 35 000 000.00 71 737 795.81 31 085 960.62 2 060 670.71 2 912 288.82 71

2004 381 557.54 963 634.48 749 473.99 325 426.50 3 203 511.57 11 939 891.79 2004 33000 10 2.00 6600 2004 12 31 3000 72

2004 2005 3 18 73