2002 1

... 1... 2... 4... 6... 7... 8... 9... 13... 14... 16... 38 2

Huludao Zinc Industry Co.,Ltd. 24 0429-2024121 0429-2104084 sec@huludaozinc.com 24 0429-2024121 0429-2104084 stock@huludaozinc.com : : 24 :125003 :www.huludaozinc.com :hx@huludaozinc.com : : http://www.cninfo.com.cn : : : :000751 1

1993 7 15 2114001100129 21140312076702X 16 1. ( ) -26,002,285.82 28,481,381.83 17,249,515.89 158,783,141.50 3,951,898.67-26,241,507.22 135,202.32 104,019.08 96,649,772.67 99,641,522.16 1 11,127,846.86 2 104,019.08 2 2002 2001 2000 1,749,721,694.20 2,423,433,109.47 2,423,433,109.47 2,936,355,900.13 28,481,381.83 97,159,656.54 135,855,784.88 407,434,533.99 4,150,203,616.49 4,242,053,579.99 4,289,948,062.48 4,028,489,901.47 2,644,536,786.22 2,616,055,404.39 2,654,751,532.73 2,561,740,847.52 0.032 0.11 0.154 0.462 2

3.00 2.97 3.01 2.91 2.99 2.96 3.00 2.85 0.11 0.035 0.035-0.095 % 1.077 3.714 5.12 15.90 3 (%) ( / ) 6.004 8.615 6.037 8.634 0.180 0.256 0.180 0.256-0.992 2.987-0.998 2.993-0.030 0.089-0.030 0.089 1.077 3.714 1.083 3.722 0.032 0.110 0.032 0.110 0.652 2.316 0.656 2.321 0.020 0.069 0.020 0.069 4 ( ) ( ) ( ) ( ) ( ) ( ) 881,098,771 777,132,534.14 209,507,029.30 107,848,830.80 640,468,239.15 2,616,055,404.39 2,848,138.18 1,424,069.09 28,481,381.83 28,481,381.83 4,272,207.27 881,098,771 777,132,534.14 212,355,167.48 109,272,899.89 664,677,413.71 2,644,536,786.22 3

1 ( : ) (+ -) : 522,761,771-5,470,000-5,470,000 517,291,771 11,315,000 5,470,000 5,470,000 16,785,000 534,076,771 534,076,771 347,022,000 347,022,000 347,022,000 347,022,000 881,098,771 881,098,771 547 2002 4 2 1997 6, 1997 298 299 9,000 7.42 41,000 1997 6 26 9000 1998 5 19 10 3 10 2 61,500 1998 8 18, [2000]30 1999 12 31 61,500 10 2 62,768,286 6.5 / 677,768,286 2000 9 18, 2000 677,768,286 10 3 203,330,485 4

, 881,098,771 2002 12 31 1 194,641 2 10 ( ) (%) 517,291,771 58.71 5,470,000 0.62 2,850,000 0.323 2,340,000 0.266 2,250,000 0.255 1,800,000 0.200 1,030,000 0.117 975,000 0.111 545,441 0.062 530,000 0.060 1 1 4 8 2 3 148,120,000 970,000 3 1937 45,761 5

52 2000.6-2003.6 0 1999.8-58 58 2000.6-2003.6 18720 1994.10-2001.3-2003.6 187 43 2000.6-2003.6 0 2000.6-41 2000.6-2003.6 23400 2000.6-52 2000.6-2003.6 9360 2000.6-47 2002.5-2003.6 2002.8-50 2000.6-2003.6 18720 49 2000.6-2003.6 23400 46 2000.6-2003.6 18720 1999.10-1994.6-2001.3-48 42 49 2002.5-2003.6 0 2002.5-2003.6 0 2000.6-2003.6 28080 1998.11-48 2000.6-2003.6 44460 1997.11-28 2002.5-2003.6 0 49 2001.5-2003.6 47 2001.5-2003.6 40 42 46 46 54 2000.6-2003.6 20062 2000.6-2003.6 29052 2000.10-2003.6 2000.10-2003.6 2000.10-2003.6 52 2000.6-2003.6 7020 1 6

2 3 40.32 69,420 71,983 4 2 6 1.5 15 5 1 2002 5 17 2 2002 5 17 11,112 9,537 35 694 52 378 428 2268 8844 476 7

9 10 2001 1 2002 4 16 2001 8

2002 5 16 2001 45 526,687,941 59.78 2 2001 2001 2001 2001 2001 2002 5 17 21.2 2000 41.1 1.58 8.06% 84.08% 99.33% 1 % 9

1,400,539,100.85 80.04 98,486,750.89 5.63 2 % 143,377,646.24 90.30-8,661,419.00-1.13 3 10% 4 2002 618,126,845 51.88 % 5 2002 84,192 48.12 % 1 2000 6 1999 289,185,000 7,000,000 282,185,000 84,410,000 75,742,352 1881,, ;,. 2001 5 24 2001 6 27 2000 3,000 2001 2008 2,840 129,237,648 2 (1) (2) 10

2002 2001 % 4,150,203,616.49 4,242,053,579.99-2.17 9,000,000.00 59,500,000.00-84.87 2,644,536,786.22 2,616,055,404.39 1.1 158,783,141.50 225,382,659.94-29.55 28,481,381.83 97,159,656.54-70.69 1 2 (1) -, 2002 12 31 68,815,117.88 22,482,374.53, 44,930,466.55 1,401,276.80 (2) 2001 2001 13,939,891.16 (3) 1,976,680.04, -1,875,928.15 3 1994 001 (2002)8 2000 56,058,313.41 2002 4 4 2002 11

56,058,313.41 2003 2003 1 2 80% 3 1 (1) 2002 4 12 2001 2001 2002 2001 12

(2) 2002 4 25 2002 (3) 2002 7 18 20000 (4) 2002 8 6 2002 2002 (5) 2002 10 28 2002 2 2001 2001 2002 7 12 2002 2002-26,002,285.82 28,481,381.83 2,848,138.18 1,424,069.09 640,468,239.15 664,677,413.71 2002 1 2002 4 12, 2001 2001 13

2 2002 8 6, 2002 1 2 3 4 1 2%, 2002 2001 113,689,920.90 157,216,155.95 14

2 2002 7.042 45,604.89 2001 7.099, 66,259.51 3.719, 35,287.26 0.609, 3,913.68. 2002 7.838, 28,732.77 2001 12.347, 48,951.36 3 10% 2002 2001 49,240,404.95 35,300,105.25 4 2% 2002 2001 64,922,378.71 160,970,822.67 1 2 23,200 8,200 2002 12 12 15,000 2002 12 9 12 3 5 2001 2001 881,098,771 10 0.5 44,054,938.55 2002 7 2001 50, 2 15

2003 313 2002 12 31 2002 2002 12 31 2002 16

( ) 1993 7 1997 298 299 1997 6 9,000 41,000 [1998] 8 1998 5 19 10 3 10 2 61,500 1998 8 18, [2000]30 1999 12 31 61,500 10 2 62,768,286 677,768,286 2000 9 18 2000 677,768,286, 10 3, 203,330,485,, 881,098,771 (LME) ( ) 1 2 1 1 12 31 3 4 5 12 31 17

6 7 (1) (2) (3) (4) 8 (1) (2) ( ) 8% 9 (1) (2) (3) (4) 18

(5) 10 (1) 20% 20% 20% 20% 20% 20% 2 3 11 (1) 2,000 (2) (3) (4) 19

18-40 3% 2.4%-5.4% 9-20 3% 4.9%-10.8% 5-10 3% 9.7%-19.4% 5-10 3% 9.7%-19.4% (5) 12 (1) (2) 3 20

13 (1) (2) 14 (1) (2) 15 (1) (2) (3) = 16 (1) (2) 21

(3) 17 18 (1) : -,,, -22,482,374.53 2001 2002-44,930,466.55-1,401,276.80 (2) :(1), 2001,,2002,, 2001-13,939,891.16 (2) 1,976,680.04, -1,875,928.15-15,815,819.31 19 (1) 50% ( 50%) (2) [1995]11 20 10% 5% 22

(1) 17%, (2) 5% (3) 7% 3% (4) 33% 1996 809 1994 001 ( ) 95,128,560.00,, 10,000,000.00 10.51%,, 2,873,049.00 0.05% ( ) : ( : ) 1 992.43 56,038.12 361,179,294.60 460,765,771.07 361,180,287.03 460,821,809.19 2 25,921,648.55 14,474,181.00 23

, 14,474,181.00, 3 (%) (%) 1 856,611,665.77 66.03 68,528,933.27 607,340,232.70 50.49 48,587,218.62 1-2 202,522,777.05 15.61 16,201,822.16 160,953,611.01 13.38 12,876,288.88 2-3 135,811,991.11 10.47 10,864,959.29 210,587,440.63 17.51 16,846,995.25 3 102,324,939.53 7.89 8,185,995.16 224,001,181.35 18.62 17,920,094.50 1,297,271,373.46 100.00 103,781,709.88 1,202,882,465.69 100.00 96,230,597.25 5% 735,727,569.41 61% 4 (%) (%) 1 8,874,541.98 4.08 709,963.36 37,382,699.97 15.04 2,990,616.00 1-2 114,262,237.14 52.52 9,140,978.97 7,080,703.56 2.85 566,456.28 2-3 92,360,863.26 42.46 7,388,869.06 108,099,417.60 43.50 8,647,953.41 3 2,048,434.00 0.94 163,874.72 95,926,964.94 38.60 7,674,157.20 217,546,076.38 100.00 17,403,686.11 248,489,786.07 100.00 19,879,182.89 5% 232,531,991.42 93.58% 5 (%) (%) 1 122,968,931.36 75.48 136,188,002.89 78.05 1-2 10,915,073.36 6.70 3,142,092.35 1.80 2-3 2,155,104.21 1.32 2,933,722.71 1.68 3 26,871,667.93 16.50 32,223,920.20 18.47 162,910,776.86 100.00 174,487,738.15 100.00 70,498,102.85 15,544,020.84 5,979,594.86 4,484,550.36 24

3,670,944.89 5% 6 155,418,884.49 3,115,892.17 130,600,999.07 2,215,116.15 388,475,656.55 18,747,327.98 417,709,879.91 21,842,425.24 107,373,768.50 2,716,036.49 90,774,111.18 1,219,516.45 2,826,158.18 654,094,467.72 24,579,256.64 639,084,990.16 25,277,057.84 7 ( ) 28,916.64 409,666.16 307,911.55 130,671.25 8,853,407.83 8,853,407.83 623,573.05 623,573.05 7,507,681.87 7,507,681.87 28,916.64 17,394,328.91 16,669,001.25 754,244.30 8 ( ) ( ) % 25 10,000,000.00 10.51 2,873,049.00 0.05 25

12,873,049.00 12,873,049.00 12,873,049.00 12,873,049.00 9 927,813,890.09 7,076,771.49 934,890,661.58 1,684,519,158.28 16,969,399.61 1,701,488,557.89 11,298,490.49 747,527.35 475,027.35 11,570,990.49 2,948,770.27 34,018.00 2,982,788.27 2,626,580,309.13 24,827,716.45 475,027.35 2,650,932,998.23 218,333,497.09 28,372,524.10 246,706,021.19 746,964,436.98 108,423,753.54 855,388,190.52 4,848,306.36 1,641,908.44 40,941.12 6,449,273.68 1,577,435.81 220,442.36 1,797,878.17 971,723,676.24 138,658,628.44 40,941.12 1,110,341,363.56 1,654,856,632.89-113,830,911.99 434,086.23 1,540,591,634.67 2,869,443.76 2,869,443.76 1,651,987,189.13-113,830,911.99 434,086.23 1,537,722,190.91 23,638,056.45 10 ( ) 4922 5,856,232.65 5,856,232.65 12% 26

190 1,861,220.00 1,861,220.00 23,708.40 23,708.40 100% 0.2% 6# 420 5,284,670.59 5,284,670.59 100% 1000 11,589,924.94 11,589,924.94 100% 13 111,314.97 111,314.97 100% 21 250,212.60 250,212.60 100% 29,311.65 29,311.65 100% 100 515,640.27 280,000.00 795,640.27 100% 40 511,476.99 511,476.99 100% 35 542,474.27 542,474.27 100% 2#75 180 2,638,101.77 2,638,101.77 100% 6,395,581.32 23,098,707.78 23,638,056.45 5,856,232.65 5,856,232.65 5,856,232.65 539,348.67 5,856,232.65, 3 11 2,509,100.00 2,160,613.88 2,160,613.88 2,509,100.00 1,849,131.90 1,304,485.30 1,304,485.30 1,849,131.90 4,358,231.90 3,465,099.18 3,465,099.18 4,358,231.90 27

- 1,401,276.80 12 657,695,760.00 638,798,280.00 184,000,000.00 462,000,000.00 841,695,760.00 1,100,798,280.00 2100 7.11% 13 224,970,000.00 222,650,000.00 14 140,038,590.22 80,663,826.81 5% 15 44,262,239.28 19,427,230.37 5% 16 44,054,938.55 17 28

29,746,614.90 4,505,463.80 1,413,188.11 160,736.80 1,596,826.75 555,490.79 48,731,760.96-15,751,906.69 2,224,348.26 305,308.75 84,018,047.73-10,530,215.30 18 2,871,817.04 238,067.47 19 56,578,386.31 11,378,257.79 20 311,986.94 1,423,195.07 444,873.68 311,986.94 1,868,068.75 21 119,000,000.00 16,500,000.00 41,000,000.00 119,000,000.00 57,500,000.00 22 ( ) % 9,000,000.00 2002,10,8-2004,12,15 5.49 29

23 1 (+ -) 522,761,771-5,470,000-5,470,000 517,291,771 11,315,000 5,470,000 5,470,000 16,785,000 2 3 4 534,076,771 534,076,771 1 347,022,000 347,022,000 2 3 4 347,022,000 347,022,000 881,098,771 881,098,771 547 148,720,000 24: 775,922,695.26 775,922,695.26 1,209,838.88 1,209,838.88 777,132,534.14 777,132,534.14 25: 209,507,029.30 2,848,138.18 212,355,167.48 107,848,830.80 1,424,069.09 109,272,899.89 317,355,860.10 4,272,207.27 321,628,067.37 30

, 5,804,419.25 : 3,869,612.83 1,934,806.42 ( ) 26 2002 12 31 28,481,381.83 640,468,239.15 668,949,620.98 2,848,138.18 1,424,069.09 664,677,413.71 664,677,413.71 2002 10% 5% 32,891,709.09 22,482,374.53 10,409,334.56 ( ) 27 2002 2001 1,400,530,559.86 1,612,282,343.32 19,608.97 459,956,012.64 98,486,750.89 96,975,251.03 41,740,593.82 45,504,245.37 208,944,183.66 208,715,257.11 1,749,721,697.20 2,423,433,109.47 (1) (2) 28 2002 2001 1,227,371,856.01 1,369,712,307.35 23,886.63 457,712,943.24 100,095,206.70 105,088,444.24 31

35,340,671.29 42,934,712.97 225,058,118.64 208,922,253.61 1,587,889,739.27 2,184,370,661.41 29 2002 2001 2,134,171.50 9,575,851.68 914,644.93 4,103,936.44 3,048,816.43 13,679,788.12 30 2002 2001 75,005,861.53 61,916,279.49 : 16,921,300.32 50,950,525.67 18,544.43 : 22,200.00 4,296,848.80 1,363,311.80 62,399,954.44 12,306,865.62 15,285,894.71 48,398,809.08 31 2002 2001 135,202.32 270,404.64 + 135,202.32 270,404.64 32 2002 2001 1,276,263.00 560,552.90 328,000.00 257,300.00 1,604,263.00 817,852.90 32

33 2002 2001 899,825.05 497,498.84 294,086.23 306,332.64 1,676,473.65 1,500,243.92 2,173,972.49 34 2002-54,483,667.65 2001-20,107,022.90 (2002)8 2002 3 2000 56,058,313.41 [2000]8 56,058,313.41 2002 56,058,313.41 ( ) 1 (1) 45,761 45,761 45,761 45,761 % % 33

522,761,771.00 59.33 5,470,000.00 517,291,771.00 58.71 522,761,771.00 59.33 5,470,000.00 517,291,771.00 58.71 23 242 [ (2000)1086 ],, 2002 11 15, 2114001100316, 1,213,013,900.00, (2) 0.11% 0.27% 2 (1) 2%, 2002 2001 113,689,920.90 157,216,155.95,2002 7.042 45,604.89 2001 7.099, 66,259.51 3.719, 35,287.26 0.609, 3,913.68 2002 7.838, 28,732.77 2001 12.347, 48,951.36 34

2002 92.5% 11.54, 1,886.78 2001 6.4, 1,099.70 383.55 2,818.26 117.16 (2) 2002 2001 2,058,996.00 2002 2001 1,189,140.00 4,558,370.00 (3) 2002 2001 20 2002 2001 40 (4), 2002 2002 15,285,894.71 2001 48,398,809.08 (5) 13,550 11,900 1,650 18,000 11,879.82 1,097.828 900 35

(6) 10% 2002 2001 49,240,404.95 35,300,105.25 (7) 2% 2002 2001 64,922,378.71160,970,822.67 3 2001 2002 435,122,361.93 379,365,089.92 38,319,498.14 39,148,828.11 10,785,845.20 11,010,012.88 133,517,785.33 133,966,226.98 104,585,322.75 222,223,138.42 ( ) 23,200 8,200 2002 12 12 15,000 2002 12 12 ( ) 1 2,100 2 1 1,450 ( ) 1 ( ) (23), 14,872 547 36

2 ( ) 18 (2), 3 ( ) (34), 2002 3 29 (2002)8 2000 56,058,313.41 (2000)8 4 ( ) 1 (1), 242 [ (2000)1086 ], 2002 11,, 1,213,013,900.00 2114001100316, 37

38

01 2002 12 31 : 1 1 2 3 2 4 5 6 3 7 4 8 5 9 10 6 11 7 361,180,287.03 460,821,809.19 25,921,648.55 14,474,181.00 1,193,489,663.58 1,106,651,868.44 200,142,390.27 228,610,603.18 162,910,776.86 174,487,738.15 629,515,211.08 613,807,932.32 28,916.64 754,244.30 21 24 31 : 32 8 34 38 : 39 9 2,573,188,894.01 2,599,608,376.58 12,873,049.00 12,873,049.00 12,873,049.00 12,873,049.00 2,626,580,309.13 2,650,932,998.23 39

40 9 41 9 42 9 43 44 45 10 46 50 51 52 11 53 60 971,723,676.24 1,110,341,363.56 1,654,856,632.89 1,540,591,634.67 2,869,443.76 2,869,443.76 1,651,987,189.13 1,537,722,190.91 539,348.67-1,652,526,537.80 1,537,722,190.91 3,465,099.18-3,465,099.18-61 67 4,242,053,579.99 4,150,203,616.49 ( ) 01 2002 12 31 : 68 12 841,695,760.00 1,100,798,280.00 69 13 224,970,000.00 222,650,000.00 70 14 140,038,590.22 80,663,826.81 71 15 40

44,262,239.28 19,427,230.37 72 73 8,696,409.53 12,673,314.38 74 16 44,054,938.55-75 17 84,018,047.73-10,530,215.30 80 18 2,871,817.04 238,067.47 81 19 56,578,386.31 11,378,257.79 82 20 311,986.94 1,868,068.75 83 86 21 119,000,000.00 57,500,000.00 90 100 : 1,566,498,175.60 1,496,666,830.27 101 22 59,500,000.00 9,000,000.00 102 103 106 108 110 : 111 114 59,500,000.00 9,000,000.00 1,625,998,175.60 1,505,666,830.27 : 115 23 41

881,098,771.00 881,098,771.00 116 117 881,098,771.00 881,098,771.00 118 24 777,132,534.14 777,132,534.14 119 25 317,355,860.10 321,628,067.37 120 107,848,830.80 109,272,899.89 121 26 640,468,239.15 664,677,413.71 122 2,616,055,404.39 2,644,536,786.22 135 4,242,053,579.99 4,150,203,616.49 42

02 2002 1 27 2,423,433,109.47 1,749,721,697.20 4 28 2,184,370,661.41 1,587,889,739.27 5 29 13,679,788.12 10 225,382,659.94 11 5,177,252.02 14 5,555,849.15 15 134,558,848.60 16 30 12,306,865.62 3,048,816.43 158,783,141.50 3,951,898.67 10,215,549.18 116,361,043.77 62,399,954.44 18 78,138,348.59-26,241,507.22 19 31 270,404.64 135,202.32 22-23 32 817,852.90 25 33 2,173,972.49 27 77,052,633.64 28 34-20,107,022.90 29-30 97,159,656.54 31 601,937,469.64 32-33 699,097,126.18 34 9,715,965.65-1,604,263.00 1,500,243.92-26,002,285.82-54,483,667.65-28,481,381.83 640,468,239.15-668,949,620.98 43

2,848,138.18 35 4,857,982.83 36-37 - 38-39 - 40 684,523,177.70 41-42 - 43 44,054,938.55 44-1,424,069.09 - - - - 664,677,413.71 - - - - 45 640,468,239.15 664,677,413.71 : 1. 2. 3. 22,482,374.53 4. 5. 6. 46,331,743.35 44

03 2002 1 2,134,249,586.19 3-8 1,836,905.61 9 2,136,086,491.80 10 1,829,790,447.55 12 92,011,687.51 13 86,957,565.17 18 30,677,018.90 20 2,039,436,719.13 21 96,649,772.67 22 23 135,202.32 25 140,000.00 28 29 275,202.32 30 24,827,716.45 31 35 36 24,827,716.45 37-24,552,514.13 38 40 1,823,340,720.00 43 44 1,823,340,720.00 45 1,676,240,720.00 46 119,537,191.95 52 53 1,795,777,911.95 54 27,562,808.05 55-18,544.43 56 99,641,522.16 45

1. : 57 28,481,381.83 : 58 59-4,603,907.20 60 138,617,687.32 61 62 3,465,099.18 64-725,327.66 65 1,556,081.81 66 294,086.23 67 68 75,473,788.97 69-135,202.32 70 71 15,707,278.76 72 58,240,088.49 73-219,721,282.74 74 75 96,649,772.67 2. 76 77 78 3. 79 460,821,809.19 80 361,180,287.03 81 82 83 99,641,522.16 46

01 1 2002 121,185,395.99-5,075,615.85-116,109,780.14 103,781,709.88-7,551,112.63 96,230,597.25 17,403,686.11 2,475,496.78 19,879,182.89 - - - - 24,579,256.64 697,801.20-25,277,057.84 21,463,364.47 1,598,577.22 23,061,941.69 3,115,892.17-900,776.02 2,215,116.15 - - - - 2,869,443.76 2,869,443.76-2,869,443.76 2,869,443.76 - - - 5,856,232.65 5,856,232.65-47