2004 BRIGHT DAIRY & FOOD CO.,LTD 2004

2004 2004 2

2004 4 6 8 9 12 15 55 56 3

2004 1 BRIGHT DAIRY & FOOD CO., LTD 2 578 201103 021 54584520 021 64655033 E-mail 600597@brightdairy.com www.brightdairy.com 3 4 578 021 54584520 021 64013337 E-mail 600597@brightdairy.com 5 578 http://www.sse.com.cn 6 600597 7 4

2004 8 1,832,720,478 1,715,491,280 6.83 1,375,081,791 1,245,053,765 10.44 3,672,969,297 3,460,834,470 6.13 1,878,332,213 1,861,258,092 0.92 1.80 2.86-37.06 1.77 2.81-37.01 147,069,715 125,556,071 17.13 145,430,586 120,280,550 20.91 0.14 0.19-26.32 (%) 7.83 7.35 0.48 89,938,638 99,021,014-9.17 2004 4 30 2003 2003 12 31 10 6 1 651,182,850 1,041,892,560 5

2004-2,503,266 3,627,858 514,537 1,639,129 1 2004 4 30 2003 2003 2003 12 31 10 6 1 2004 6 5 2003 2004 6 10 2004 6 11 2004 6 14 651,182,850 1,041,892,560 2004 5 10 2004 6 5 2 1 2004 6 30 28,436 2 320,757,026 30.78% S.I.Food Products Holdings Limited 320,757,026 30.78% 40,094,627 3.85% 40,094,627 3.85% 40,094,627 3.85% 6

2004 Danone Asia Pte. Ltd. 40,094,627 3.85% 12,455,186 1.20% 7,269,474 0.70% 7,123,993 0.68% 5,433,611 0.52% 1 S.I.Food Products Holdings Limited 2 3 4 1 12,455,186 A 2 7,269,474 A 3 7,123,993 A 4 5,433,611 A 5 5,100,432 A 6 4,641,806 A 7 50 4,465,626 A 8 4,293,917 A 9 4,276,359 A 10 4,198,696 A 7

2004 1 2 1 2003 2004 1 31 200 2004 2004 1 31 2007 1 31 2004 1 31 2007 1 31 2 2004 1 31 2004 1 31 2007 1 31 3 2004 4 30 2003 4 2004 6 22 8

2004 1 2004 324,527 13.74% 14,707 17.13% 2 1 (%) 2,656,502,248 1,733,135,211 34.76 10.00 11.86 92,120,197 77,159,914 588,771,850 467,906,786 20.53 34.39 34.59 3,245,274,098 2,201,041,997 32.18 13.74 16.03 1.08 0.12 1.33 9

2004 2 % 802,671,956 30.22-5.87 1,853,830,292 69.78 18.66 2,656,502,248 100 10.00 3 UHT UHT 4 2002 8 15,000 81,124 63,101 1 7,445 6,833 30,000 10

2004 2 18,376 2004 14,499 45,000 UHT 33,000 39,108 3,879 3 13,500 2004 5,087 20 65,132 5,794 4 16,970 12,967 5 12,944 13,000 6,600 165,000 6 11,889 10,715 30,000 45,000 1 2004 6 7 2,500 2,500 9,867 14,867 50 2 2004 3 25 4,000 11

2004 2,000 6,000 1 2 1 2003 282,461933 2003 2003 282,461,933 286,488,022 10 (10 ) 5 242,025,653 2003 12 31 651,182,850 0.20 130,236,570 111,789,083 2 2003 12 31 805,506,922 796,297,297 2003 12 31 651,182,850 10 6 405,587,587 3 12

2004 4 5 : 2002/08/05 2,000 2002/08/05 2004/08/02 2004-06-02 2,500 2004/06/02 2005/05/31 2004-06-11 2,500 2004/06/11 2005/06/10 2003-10-30 1,500 2003/10/30 2004/04/30 0 0 0 8,500 0 3.7 2003 56 2004 1 2,000 2002 8 5 2004 8 2 13

2004 2 2,500 2004 6 2 2005 5 31 2004 6 11 2005 6 10 3 1,500 2003 10 30 2004 4 30 7,000 2004 6 30 3.7% 6 3,369 6,528 1.04% 2.97 % 7 8 9 5% 10 14

2004 11 1 2004 2 3 2004 2004-001 ( ) 2004 2 2004 2 3 2004-002 3 2004 2 3 2004-003 4 2004 3 29 2003 2004-004 5 2004 3 29 2004-005 6 2004 5 10 2003 2004-006 7 2004 5 22 2004-007 8 2004 6 5 2003 2004-008 9 2004 6 23 2004-009 10 2004 6 24 2004-010 15

2004 2004 6 30 1 573,766,239 800,761,078 301,072,553 472,077,209 2 92,361,126 80,712,052 76,046,815 58,907,593 3 - - - - 4 - - 15,063,684-5 - - - - 6 502,037,754 369,256,786 497,734,649 338,611,947 7 107,776,052 54,842,978 31,346,715 22,025,047 8 67,075,783 24,695,310 65,944,508 17,323,661 9 - - - - 10 454,188,200 354,731,665 87,351,029 110,370,398 11 35,515,324 30,491,411 3,506,461 2,890,111 21 - - - - 24 - - - - 30 1,832,720,478 1,715,491,280 1,078,066,414 1,022,205,966 31 75,962,756 117,708,507 1,086,782,653 920,963,265 32 2,000,000 2,000,000 351,546,156 347,002,647 33 77,962,756 119,708,507 1,438,328,809 1,267,965,912 34 ( - 59,392,546 59,102,297 - - 35 ( - 59,392,546 59,102,297 - - 39 2,290,875,478 2,215,829,268 699,740,300 721,957,350 40 769,863,893 703,813,140 314,010,436 307,881,641 41 1,521,011,585 1,512,016,128 385,729,864 414,075,709 42 27,590,043 29,454,811 15,032,293 15,286,050 43 1,493,421,542 1,482,561,317 370,697,571 398,789,659 44 - - - - 45 202,519,277 73,006,302 37,726,726 12,605,497 46 - - 50 1,695,940,819 1,555,567,619 408,424,297 411,395,156 51 66,345,244 70,067,064 61,644,227 65,486,328 52 - - - - 53 - - - - 54 66,345,244 70,067,064 61,644,227 65,486,328 55 - - - 60 3,672,969,297 3,460,834,470 2,986,463,747 2,767,053,362 16

2004 61 134,400,000 86,550,000 - - 62 - - - - 63 562,118,550 432,087,468 635,523,037 418,851,480 64 119,368,150 139,204,663 75,566,327 83,364,643 65 44,282,680 73,909,553 26,061,152 40,334,934 66 52,592,193 42,006,118 41,039,095 33,939,969 67 45,106,457-45,106,457-68 42,977,721 35,684,278 24,769,786-284,236 69 1,439,468 1,394,502 - - 70 309,540,726 367,288,474 175,071,574 244,071,382 71 4,190,677 3,946,199 2,133,214 1,064,717 72 78 59,065,169 62,982,510 13,127,980 13,174,420 79 - - 80 1,375,081,791 1,245,053,765 1,038,398,622 834,517,309 81 106,969,700 108,503,510 24,419,700 25,953,510 82 83 38,978,332 38,106,244 14,937,618 17,492,112 84 19,652,753 18,872,215 5,420,000 4,120,000 85 - - - - 86 11,600,000 11,600,000 11,600,000 11,600,000 87 177,200,785 177,081,969 56,377,318 59,165,622 88 89 - - - - 90 1,552,282,576 1,422,135,734 1,094,775,940 893,682,931 91 ( ) 242,354,508 177,440,644 - - 92 1,041,892,560 651,182,850 1,041,892,560 651,182,850 93 406,951,938 797,420,672 415,038,188 805,506,922 94 170,628,917 170,628,917 138,657,544 138,657,544 95 79,185,302 79,185,302 68,528,177 68,528,177 96 ( ) - - - - 97 258,858,798 111,789,083 296,099,515 147,786,545 130,236,570-130,236,570 98 ( ) - - - - 99 1,878,332,213 1,861,258,092 1,891,687,807 1,873,370,431 100 3,672,969,297 3,460,834,470 2,986,463,747 2,767,053,362 17

2004 2004 6 30 1 3,245,274,098 2,853,141,385 1,800,643,729 1,871,354,323 2 2,201,041,997 1,897,033,885 1,386,811,473 1,360,694,815 3 7,728,638 5,869,454-4 ( - ) 1,036,503,463 950,238,046 413,832,256 510,659,508 5 ( - ) 40,422,011 25,510,192 205,555-452,882 6 697,635,555 631,670,758 293,920,811 269,236,186 7 165,437,281 148,112,832 71,972,028 80,486,154 8 6,038,143 5,508,147-1,878,482-2,267,272 10 ( - ) 207,814,495 190,456,501 50,023,454 162,751,558 11 ( - ) 181,152 1,688,808 121,324,142 9,259,145 12 2,302,885 6,959,895-6,909,895 13 2,442,560 791,508 169,567 184,372 14 6,423,897 4,164,691 1,279,360 1,957,605 15 ( - ) 206,317,195 195,732,021 170,237,803 177,147,365 16 46,774,339 64,200,102 21,924,833 51,591,294 17 ( ) 12,473,141 5,975,848-18 ( ) - - 20 ( - ) 147,069,715 125,556,071 148,312,970 125,556,071 21 111,789,083 35,193,261 147,786,545 48,832,697 22 - - 25 258,858,798 160,749,332 296,099,515 174,388,768 26 - - 27 - - 28 ( ) - - 35 258,858,798 160,749,332 296,099,515 174,388,768 36 - - 37 - - 38 - - 39 - - 40 ( - ) 258,858,798 160,749,332 296,099,515 174,388,768 41 1. 42 2. 43 3.( ) 44 4.( ) 45 5. 46 6. 18

2004 2004 6 30 1 3,700,410,497 2,090,064,324 2 2,302,885-3 4,351,516 1,710,924 5 3,707,064,898 2,091,775,248 6 2,676,230,965 1,542,137,045 7 212,443,308 99,414,387 8 222,017,133 92,496,739 9 506,434,854 303,724,541 10 3,617,126,260 2,037,772,712 11 89,938,638 54,002,536 12 29,436,404 78,056,403 13 14 9,494,800 10,441,739 15 16,224,174 2,448,151 16 - - 17 55,155,378 90,946,293 18 211,899,184 25,061,360 19 68,100,095 203,507,607 20 - - 22 279,999,279 228,568,967 25-224,843,901-137,622,674 26 2,500,000-27 2,500,000-28 95,800,000-29 1,300,000 1,300,000 30 99,600,000 1,300,000 31 91,427,252 3,558,560 32 100,266,479 85,130,113 33 5,459,000-34 - - 35 - - 36 191,693,731 88,688,673 40-92,093,731-87,388,673 19

2004 41 4,155 4,155 42-226,994,839-171,004,656 1 43 ( - ) 147,069,715 148,312,970 44 ( - ) 12,473,141-45 - - 46 14,532,990 5,276,277 47 100,216,638 29,691,641 48 4,021,820 3,842,101 49 - - 50 ( : ) -3,212,398-616,350 51 ( : ) 244,478 1,068,497 52 ( : ) 3,226,214 996,958 53 - - 54 9,095,680-775,845 55 ( : ) -5,239,421-123,316,123 56 ( : ) - - 57 ( : ) -101,281,036 23,037,631 58 ( : ) -118,088,716-177,032,747 59 ( : ) 26,879,533 143,517,526 60 ( ) 65 89,938,638 54,002,536 2 66 67 68 3 69 573,766,239 301,072,553 70 800,761,078 472,077,209 71 72 73-226,994,839-171,004,656 20

2004 1 ( ) ( ) ( ) ( ) ( Danone Asia Pte. Ltd.,( ) 2000 11 17 2002 8 14 1 1.5 2002 8 28 651,182,850 501,182,850 76.96% 150,000,000 23.04% 2003 10 6 1,041,892,560 1,041,892,560 1 2 1 1 12 31 ( ) 21

2004 2 ( ) 10% 1) 2) 5% 50% 22

2004 100% 2 ( ) ( ) 0% 10% 25% 50% 1) 2) 25 6 20%-28% : 1 2 23

2004 24 2 ( ) ( ) 1) - 10

2004 [2003]10-2 ( ) 10 [2003]10-2) 3%-10% 20 4.5%-4.85% 3%-10% 10 9%-9.7% 3%-10% 5 18%-19.4% 3%-10% 5 18%-19.4% 20%-28% 6 12%-13.33% 0% 2-5 20%-50% 25

2004 3 2 ( ) 2002 1 1 2002 1 1 10 ( ) ( ) ( ) 26

2004 2 ( ) 1 2 3 4 5 6 27

3 2004 12 31 50% 28

2004 4 2004 6 30 (%) (%) 1,160 51-3,000 70-1,000 51-4,452 82-1,500 95-21,810 90-2,540 80-11,959 90 10 2,160 60-880 51-250 50-2,000 90 10 900 75-435 75-3,543 95 5 2,690 60-6,000 51-2,000 90 10 3,061 51-2,500 60-2,000 80 15 2,000 75 15 100-100 10,000 80-1,550-58 830-51 1,000-52 2,857 51-2,000 90-50 20 80 50 20 80 50 20 80 50 20 80 50 20 80 50 20 80 101 20 80 50 20 80 50 20 80 6,321 81-50 - 100 50-100 50-90 50-100 50-100 100-49 50-100 50-100 50-100 50-100 50-100 50-100 50-100 50-100 50-100 50-100 2,500 60-1 14,867 50-2 1 2004 2 15,000,000 60% 2 2004 3 20% 30% 50% 11,628,000 2004 4 25,000,000 29

2004 148,670,000 50% 5 17% 13% 5% 5% 7% 3% 27% 33% 27% 33% 2003 2003 9 15% 30

2004 5 ( ) 15% 15% 15% 2003 2003 33% 2003 33% 33% 6 41 45 6 1,831,738 946,666 570,560,029 671,814,412 1,374,472 128,000,000 573,766,239 800,761,078 7 57,518,676 25,822,312 20,000,000 20,000,000 19,961,208 14,889,740 97,479,884 60,712,052 31

2004 5,118,758 - - 20,000,000 92,361,126 80,712,052 04 6 2004 6 30 92,361,126 ( 2004 6 30 ) 8 (%) (%) 509,332,066 89 24,142,326 485,189,740 371,863,974 87 16,744,444 355,119,530 1 33,696,028 6 16,848,014 16,848,014 28,274,513 7 14,137,257 14,137,256 1 2 22,464,018 4 22,464,018-19,651,383 5 19,651,383-2 3 5,054,404 1 5,054,404-5,095,730 1 5,095,730-3 1,123,201-1,123,201-1,451,305-1,451,305-571,669,717 100 69,631,963 502,037,754 426,336,905 100 57,080,119 369,256,786 57,080,119 5,534,658 7,442,023 (424,837) 69,631,963 (%) 73,553,392 13 5% 9 (%) (%) 1 111,350,274 80 12,076,945 99,273,329 60,725,298 75 11,694,432 49,030,866 1 2 12,445,976 9 5,974,068 6,471,908 8,532,916 10 4,438,514 4,094,402 2 3 6,954,845 5 5,424,779 1,530,066 5,806,282 7 4,511,794 1,294,488 3 8,345,815 6 7,845,066 500,749 6,632,952 8 6,209,730 423,222 32

2004 139,096,910 100 31,320,858 107,776,052 81,697,448 100 26,854,470 54,842,978 26,854,470 5,992,627 (1,526,239) 31,320,858 5% 9 (%) 31,499,713 23 10 % % 1 64,482,456 96 24,577,621 99 1 2 2,489,155 4 49,689-2 3 104,172-68,000 1 67,075,783 100 24,695,310 100 5% 11 292,783,275 34,934,772 257,848,503 201,733,920 30,665,023 171,068,897 24,912,043-24,912,043 16,596,620-16,596,620 110,225,565-110,225,565 116,779,479-116,779,479 61,202,089-61,202,089 50,286,669-50,286,669 489,122,972 34,934,772 454,188,200 385,396,688 30,665,023 354,731,665 30,665,023 2,297,540 1,972,209-34,934,772 33

2004 12 23,359,696 26,352,809 12,155,628 4,138,602 35,515,324 30,491,411 13 59,392,546 59,102,297 12,320,210 29,748,210 1,750,000 1,750,000 ( 1) 2,500,000 27,108,000 ( 2) 2,000,000 2,000,000 77,962,756 119,708,507 1 2 3, -- 33,338,604 300,000 1,150,000 18,128,000 16,660,604 -- (2,415,110) - - (1,000,000) (3,415,110) -- (1,175,284) - - 250,000 (925,284) -- 29,748,210 300,000 1,150,000 18,878,000 12,320,210 - - 17,428,000 30% 9,000,000 20% 9,000,000 20% 340,000 34% 340,000 34% 1,000,000 50% - - 34

2004 14 529,241,463 1,227,152,181 202,078,667 96,454,736 50,648,537 110,253,684 2,215,829,268 4,173,174 16,168,305 14,715,182 3,984,876 8,151,767 5,263,722 52,457,026-16,856,494 9,000,000 - - - - 25,856,494 35,679,877 1,474,564 7,105,700 904,970 6,238,395-51,403,506 (2,766,598) (27,940,066) (6,495,700) (4,497,880) (12,970,572) - (54,670,816) 583,184,410 1,225,854,984 217,403,849 96,846,702 52,068,127 115,517,406 2,290,875,478 104,326,884 404,294,487 74,134,706 57,010,949 12,701,688 51,344,426 703,813,140-2,712,302 - - - - - 2,712,302 14,647,722 51,579,663 19,018,155 5,973,919 5,215,625 3,781,554 100,216,638 (951,394) (24,043,935) (5,055,967) (2,342,013) (4,484,878) - (36,878,187) 120,735,514 431,830,215 88,096,894 60,642,855 13,432,435 55,125,980 769,863,893 716,739 27,621,628 909,282 207,162 - - 29,454,811 - - - - - - - - - - - - - - (73,327) (1,560,763) (178,509) (52,169) - - (1,864,768) 643,412 26,060,865 730,773 154,993 - - 27,590,043-424,197,840 795,236,066 127,034,679 39,236,625 37,946,849 58,909,258 1,482,561,317 461,805,484 767,963,904 128,576,182 36,048,854 38,635,692 60,391,426 1,493,421,542 2004 6 30 ( ) 31,035,937 80,463,744 - - - - 111,499,681 97,300,000 17 24 35

15 2004 % ERP 433,296 14,237 447,533 99 - UHT 18,376 1,787,270 4,654,304 6,441,574 79-790 1,924,639 5,862,637 7,787,276 98-552 3,909,383 261,765 4,171,148 90-1,850 13,565,872 1,503,715 (2,312,518) 12,757,069 92-485 1,705,782 2,635,103 4,340,885 99-600 3,763,852 1,100,882 (754,292) 4,110,442 99-3,160 1,669,504 4,359,807 (148,970) 5,880,341 20-1,854 1,128,534 120,000 (120,000) 1,128,534 70 - POS 4,335,074 4,885,060 (6,975,100) 2,245,034 97-1,436,352 - (225,191) 1,211,161 99-1,180 1,663,093 9,888,047 (962,726) 10,588,414 90-21,084,593 2,721,403 23,805,996 76 - CIP 74 534,965 72,535 607,500 82-998 4,791,716 2,727,553 (504,005) 7,015,264 92-517 - 2,790,804 (889,600) 1,901,204 71-645 - 1,680,628 (161,200) 1,519,428 24-1,003,268 9,601,627 (7,464,873) 3,140,022 - - 8,500 17,325,525 25,791,663 43,117,188 95-1,950 88,696 12,138,508 (5,800) 12,221,404 92-1,370,266 521,380 (96,390) 1,795,256 - - 667,397 794,933 1,462,330 - - 6,142,750 69,464,365 (30,782,841) 44,824,274 - - 73,006,302 155,124,818 25,791,663 (51,403,506) 202,519,277 36

2004 16 55,317,463 44,486,328 (842,102) (11,673,237) 43,644,226 22.5 46.5 2,243,502 1,676,394 (37,391) (604,499) 1,639,003 22 60,000,000 21,000,000 (3,000,000) (42,000,000) 18,000,000 3 1,707,620 412,675 (85,381) (1,380,326) 327,294 2 2,600,000 2,491,667 (43,056) (151,389) 2,448,611 28 300,000-300,000 (13,890) (13,890) 286,110 9 70,067,064 300,000 (4,021,820) (55,823,341) 66,345,244 37

2004 17 36,500,000 11,800,000 ( 1) 30,000,000 71,280,000 ( 2) 67,900,000 3,470,000 134,400,000 86,550,000 4.779%-5.841% 1 14 2 1,000 5,000 18 5% 19 5% 20 21 12,539,665 12,539,665 40,052,528 29,466,453 52,592,193 42,006,118 22 50,030,216 49,007,657 (10,834,939) (18,680,874) 3,782,444 5,357,495 42,977,721 35,684,278 38

2004 23 5% : 36,598,153 68,397,831 13,868,142 53,803,274 24-20,000,000 20,000,000 - ( 1) 26,047,680 27,627,930-4,000,000 4,000,000-2,000,000 2,000,000-550,000 550,000 52,597,680 54,177,930 ( 2) 67,300,000 67,300,000 ( 3) 32,000,000 32,000,000 151,897,680 153,477,930 (44,927,980) (44,974,420) 106,969,700 108,503,510 1 19,200,000 2 14 3 22,000,000-24 ( ) - 20,000,000 - - 1,627,980 1,674,420 39

2004-4,000,000 4,000,000-2,000,000 2,000,000 27,627,980 7,674,420 17,300,000 7,300,000-30,000,000 44,927,980 44,974,420 5,500,000 5,500,000 8,121,718 11,399,827 515,471 1,108,263 14,137,189 18,008,090 59,065,169 62,982,510 25 ( 1) 19,250,000 22,000,000 25,469,833 28,747,942 8,395,688 5,366,392 ( 24) (14,137,189) (18,008,090) 38,978,332 38,106,244 1 26 9,752,215 9,752,215 4,820,000 4,120,000 5,080,538 5,000,000 19,652,753 18,872,215 27 1. 25,059,142 3.85% 15,035,485 40,094,627 3.85% 2. - - 40

2004 200,473,141 30.78% 120,283,885 320,757,026 30.78% 25,059,142 3.85% 15,035,485 40,094,627 3.85% 25,059,142 3.85% 15,035,485 40,094,627 3.85% 250,591,425 38.48% 150,354,855 400,946,280 38.48% 3. 200,473,141 30.78% 120,283,885 320,757,026 30.78% Danone Asia Pte. Ltd., 25,059,142 3.85% 15,035,485 40,094,627 3.85% 225,532,283 34.63% 135,319,370 360,851,653 34.63% - 150,000,000 23.04% 90,000,000 240,000,000 23.04% 651,182,850 100% 390,709,710 1,041,892,560 100% 2003 11 18 3.85% 2004 6 10 2003 2003 12 31 651,182,850 10 6 2 ( ) 28 796,297,297 1,123,375 797,420,672-240,976 240,976 ( 27) (390,709,710) - (390,709,710) 405,587,587 1,364,351 406,951,938 29 111,789,083 130,236,570 147,069,715 ( 27) 130,236,570 258,858,798 41

2004 30 2004 1-6 2003 1-6 17,612 21,098 % 5% 7% 31 2004 1-6 2003 1-6 31,906,848 20,436,902 1 7,682,993-832,170 5,073,290 40,422,011 25,510,192 1 40 3) 6) 32 2004 1-6 2003 1-6 9,677,366 8,724,510 (3,686,657) (5,572,836) (581,685) 1,849,520 629,119 506,953 6,038,143 5,508,147 33 2004 1-6 2003 1-6 9,605,813 1,688,808 (3,366,392) - (1,000,000) - (5,058,269) - 181,152 1,688,808 42

2004 34 2004 1-6 2003 1-6 591,447 5,793,255 1,516,304-1,000,000 195,134 166,640 2,302,885 6,959,895 35 2004 1-6 2003 1-6 4,992,283 5,899,118 - (3,604,610) 1,431,614 1,870,183 6,423,897 4,164,691 36 2004 1-6 2003 1-6 46,774,339 64,200,102 37 40,906 37,267 6,745 2,561 2,992 2,738 50,643 42,566 38 ( ) 50% 29,056,000 2003 43

38 ( ) 2004 607,513 31,718,384-230,995 14,957,111 22,546,725 (5,534,658) (1,084,970) 58,099,981 38,641,277 5,992,627 (1,491,706) 18,644,503 7,932,833 1,811,515 2,874,461 2,445,248 52,200,958 (2,297,540) (12,629,774) 300,000 3,666,282 25,856,493 191,854,457 (2,712,302) (64,652,320) 25,791,663 29,668,844 - (3,366,101) - 9,035,061-1,832,691 (60,000,000) (39,550,000) (616,374) (28,757,604) - (3,079,804) (76,468) (3,545,897) - (1,812,527) 108,243 (4,424,590) (13,280,301) (25,878,563) - (265,141) - (3,956,477) - 17,300,000 - (7,630,637) - (24,307,011) - (7,595,816) 58,112,000 140,874,030 29,056,000 41,488,098 29,056,000 99,385,932-20,134,568 44

38 ( ) 2004 29,056,000 119,520,500 29,056,000 - - 34,072,500 607,513 31,718,384 ( ) 607,513 53,729,616 6 58,427,934 14,306,424 4,960,226 4,960,226 45

2004 39 ( ) ( ) ( ) ( ) 2004 1-6 2003 1-6 2004 1-6 2003 1-6 2004 1-6 2003 1-6 2004 1-6 2003 1-6 265,650 241,502 58,877 43,812 - - 324,527 285,314 3,038 2,179 - - (3,038) (2,179) - - 268,688 243,681 58,877 43,812 (3,038) (2,179) 324,527 285,314 176,351 157,116 43,753 32,587 - - 220,104 189,703 - - 3,038 2,179 (3,038) (2,179) - - 176,351 157,116 46,791 34,766 (3,038) (2,179) 220,104 189,703 92,337 86,565 12,086 9,046 - - 104,423 95,611 71,778 66,936 11,864 9,629 - - 83,642 76,565 20,559 19,629 222 (583) - - 20,781 19,046 343,899 307,380 25,172 20,239 (1,774) - 367,297 327,619 136,857 119,247 20,145 18,906 (1,774) - 155,228 138,153 46

40 1) 2004 4 2) 2004 6 30 ( ) 47

40 ( ) 2004 3) (1) 2004 1-6 2003 1-6 ( ) ( 1) 33,692,263 39,161,793 2 58,427,934-92,120,197 39,161,793 2.8% 1.4% 2004 1-6 2003 1-6 ( ) ( 1) 65,282,935 63,240,045 1 2 (2) 2004 1-6 2003 1-6 - 4,725,939 4,869,466 (3) 2004 1-6 2003 1-6 - 2,987,121 4,148,418 48

40 ( ) 2004 3 (4) 14,417,258 6,543,086 46,132,429-60,549,687 6,543,086 11% 2% 456,779 8,686,278 0.3% 11% 102,687-8,725,161 6,578,573 526,224 1,000,940 9,354,072 7,579,513 2% 2% ( 1)7,644,000 7,644,000 2% 2% 1 ( 2) 5,500,000 5,500,000 9% 9% ( 2) 13,750,000 16,500,000 35% 43% 2 5,500,000-20,000,000-25% 49

40 ( ) 2004 3) (5) (6) 2000 12 1 40 2) 5 534 2004 6 893 768 31 40 3)(4) 40 3)(1) 50

2004 41 1 2004 6 30 782 2) 2004 6 30 1 2004 2005 2006 2007 07-12 01-12 01-12 01-12 36 73 73 74 256 8,194 8,905 7,192 4,517 28,808 859 1,717 152 152 2,880 832 1,666 1,153 1,031 4,682 502 554 78-1,134 10,423 12,915 8,648 5,774 37,760 42 44 42-1,034,942,653 867,087,265-9,340,000 26,768,000 - - - - 42,500,000 27,108,000 1,086,782,653 920,963,265-351,546,156 347,002,647 1,438,328,809 1,267,965,912 51

2004 / - 726,944,171 69,056,000 (100,000) 795,900,171-59,822,751 (3,406,418) 56,416,333-79,196,968 118,323,910 (16,259,080) 181,261,798-1,123,375 240,976-1,364,351-867,087,265 187,620,886 (19,765,498) 1,034,942,653 42 2004 1-6 2003 1-6 ( ) 118,323,911 7,748,871 (3,406,417) - 6,925,178 1,305,937 2,473,451 204,337 (1,000,000) - (1,991,981) - 121,324,142 9,259,145 42 2004 6 30 ( ) 5,916,000-5,916,000 21,000,000-21,000,000 5,100,000-5,100,000 36,436,500-36,436,500 14,250,000-14,250,000 200,702,318-200,702,318 19,449,345-19,449,345 11,112,144-11,112,144 107,590,000-107,590,000 2,257,900-2,257,900 11,203,385-11,203,385 18,000,000-18,000,000 1-1 1-1 46,721,150-46,721,150 52

2004 18,000,000-18,000,000 54,800,000-54,800,000 18,000,000-18,000,000 13,940,000-13,940,000 15,000,000-15,000,000 16,000,000-16,000,000 15,000,000-15,000,000 80,000,000-80,000,000 14,570,700-14,570,700 18,000,000-18,000,000 100,000-100,000 100,000-100,000 100,000-100,000 100,000-100,000 100,000-100,000 100,000-100,000 202,000-202,000 100,000-100,000 100,000 (100,000) - 51,742,475-51,742,475-54,056,000 54,056,000 815,793,919 53,956,000 869,749,919 43 140,750,411 435,343,393 77,110,818 61,616,261 7,136,467 721,957,350-4,151,860 2,179,745 1,801,687 630,465 8,763,757-102,190 32,000 128,500-262,690 (125,884) (22,180,239) (5,856,277) (3,081,097) - (31,243,497) 140,624,527 417,417,204 73,466,286 60,465,351 7,766,932 699,740,300 38,973,884 189,836,396 39,352,402 37,538,212 2,180,747 307,881,641 3,364,399 15,179,032 5,882,596 3,840,707 1,424,906 29,691,640 (99,970) (16,880,560) (4,567,730) (2,014,585) - (23,562,845) 42,238,313 188,134,868 40,667,268 39,364,334 3,605,653 314,010,436-15,009,398 224,483 52,169-15,286,050 - (23,080) (178,508) (52,169) - (253,757) - 14,986,318 45,975 - - 15,032,293 53

2004 101,776,527 230,497,599 37,533,933 24,025,880 4,955,720 398,789,659 98,386,214 214,296,018 32,753,043 21,101,017 4,161,279 370,697,571 44 2004 1-6 2003 1-6 174,009 160,840 6,055 26,295 180,064 187,135 45 1997 1,500,000 1998 12 18 2002 13,850,000 2003 7 30 46 47 54

2004 1 2004 1-6 (%) 55% 55% 0.99 1.49 11% 11% 0.20 0.30 8% 8% 0.14 0.21 8% 8% 0.14 0.21 2 57,080,119 5,534,658 7,442,023 (424,837) 69,631,963 26,854,470 5,992,627 - (1,526,239) 31,320,858 30,665,023 2,297,540 1,972,209 34,934,772 - - 5,118,758-5,118,758 1,175,284 - - (250,000) 925,284 29,454,811 - - (1,864,768) 27,590,043 145,229,707 13,824,825 14,532,990 (4,065,844) 169,521,678 55

2004 1 2 3 4 5 56