2005 2005 1

2005 2 2006329 9 9 2005 -------------------------------------------2 -------------------------------3 ----------------------4 ----------------------------5 ----------9 -------------------------------------13 -------------------------------15 ----------------------------------------17 ----------------------------------------31 -------------------------------------------33 ----------------------------------------42 ----------------------------------41

2005 JIUGUI LIQUOR CO., LTD. JGJC 0743-8312178 0743-8312079 xjgzj@xjg.sina.net 416000 www.xiangjiugui.cn xjgzj@xjg.sina.net http://www.cninfo.com.cn 000799 1997714 200345 : : 4300001000647 : 433101183806380 : 2072 8 3

2005-279,871,486.29-280,451,914.64-265,200,816.72 103,087,041.80-497,352.02-252,688,201.22-10,182,367.15 23,000.00-17,023,917.92-361,443,174.55-397,870,129.51-23,000.00 - -15,274,097.92-15,251,097.92 2005 2004 (%) 2003 2003 357,738,051.09 484,690,865.34-26.19 350,168,746.27 350,168,746.27-279,871,486.29 35,331,285.99-892.14-106,811,696.30-105,574,016.89-280,451,914.64 31,790,035.00-982.20-95,665,066.19-94,427,386.78-265,200,816.72 10,177,607.48-2,705.73-95,529,723.45-94,292,044.04-361,443,174.550 160,112,824.640-325.74-10,167,974.52-10,167,974.52 2005 2004 2003 2003 (%) 1,862,439,170.24 1,992,032,043.57-6.506 1,981,474,480.55 1,983,238,759.96 803,550,551.48 1,081,344,828.31-25.690 1,016,023,454.35 1,017,787,773.76 4

2005 2005 2004 (%) 2003 2003-0.925 0.105-982.20-0.3157-0.3116 (%) -34.902 2.940 31.505-9.415-9.278-33.004 0.941 27.698-9.402-9.264 (%) -1.193 0.528-325.74-0.68-0.68 2005 2004 (%) 2003 2003 2.652 3.568-25.690 3.35 3.36 2.547 3.553-28.309 2.82 2.83 9 12.83% 10.94% 0.340 0.340-31.45% -26.81% -0.834-0.834-34.90% -29.76% -0.925-0.925-33.00% -28.14% -0.875-0.875 303,050,000 755,530,819.33 195,272,609.99 97,615,032.17-172,08,01.01 1,081,344,828.31 2,657,637.81 362,334.66-280,451,914.64-277,794,276.83 303,050,000 758,188,457.14 195,634,944.65 97,615,032.17-453,322,850.31 803,550,551.48 1 77,800,000 77,800,000 118,000,000 118,000,000 2 3 5

2005 4 195,800,000 195,800,000 1 107,250,000 107,250,000 2 3 4 107,250,000 107,250,000 303,050,000 303,050,000 11997 6 24 7 1 5500 A 8 18500 13000 70.27% 5500 550 29.73%1997 7 18 4950 1998 1 19 550 21998 4 21 1997 1997 18500 10 5 1.25 1998 5 18 1998 5 21 27750 19500 8250 31999 3 19 1998 1999 1998 12 31 27750 103 80 5770 2555 1999 8 18 1999 9 3 1999 9 28 303,050,000 195,800,000 64.61% 107,250,000 35.39% 4 6

2005 54967 5% 88,000,000 88,000,000 0 88,000,000 77,800,000 77,800,000 0 77,800,000 30,000,000 0 30,000,000 30,000,000 20032004 10 10 1 () % 88000000 29.038 88000000 77800000 25.672 77800000 30000000 9.899 30000000 600000 0.198 415000 0.136 363466 0.120 339375 0.119 321000 0.105 312900 0.103 310005 0.100 2 A B H 600000 A 415000 A 363466 A 339375 A 321000 A 312900 A 310005 A 310000 A 266960 A 243000 A 7

2005 1 1995 3 70% 30% 1967 12 1969 11 1988 1993 2000 2 70% 30% 25.67% 29.04% 9.90% 3 10% 10% 10% 10% 8

2005 198512 7 1996 1 48 2005 9 13 2004 2 16 11700 2005 11 22 53 2005 11 2004 2 16 11700 111955 22 38 2004 2 16 93700 2005 9 2005 9 13 41 2004 2 16 46 2004 2 16 2005 7 45000 49 2005 11 22 2005 7 28 81667 2005 11 47 22 2004 2 16 90096 38 2004 2 16 88420 58 2004 2 16 35 2004 5 29 37 2005 5 12 40 2004 2 16 87080 35 2004 2 16 10825 9

41 2004 5 29 96088 56 2004 2 16 53 2004 2 16 64174 53 2004 2 16 64174 36 2004 2 16 58053 2005 10 2004 2 16-2007 2 16 2

2005 1970 1987 1992 6 WTO 211 1990-1998 1998-2002 1996 1984 7 1989 11 1989 12 1997 4 1997 5 11

2005 1992 1998 4 1996 7 3 2005 4 6 4 12

2005 2005 4 11 2005 5 12 2005 2005 7 28 2005 11 22 2005 2005913 2069 1057 117 38 14 41 173 134 495 42% 23% 13

2005 2005 9 7 7 3 4 0 7 5 4 1 2 4 4 3 1 0 14

2005 15 2004 200531 5 1 165828500 54.72%

2005 16 4 28500 0.02657% 1 1 165800000 84.67824% 2004 2004 2004 2004 2004 2005 2005 2005512 9:30 4 165823400 54.7% 2 23400 0.021 2005 20051122 9 5 195823400 64.61 2 23400 0.021 2 23400

2005 0.021 357,738,051.09 26.19% -280,451,914.64-982.20% 1 2 58.75% 33.91% 24.84 37.7% 20.23% 17.47 50.4% 34.59 3 932 4 1493 5 9,041 4631 4156 6 1706 1254 175 7 1018 17

2005 667 150 8 1 2005 2004 2005 2004 221,271,684.77 375,719,129.98 127,638,517.34 124,825,619.47 109,750,873.13 94,638,023.05 57,767,719.24 46,184,698.68 26,715,493.19 14,333,712.31 24,751,904.41 13,186,726.56 357,738,051.09 484,690,865.34 210,158,140.99 184,197,044.71 2 2005 2004 84,119,944.70 152,180,313.94 41,405,617.09 143,265,875.98 128,966,913.19 77,886,866.52 33,438,060.58 40,672,338.70 69,807,515.53 70.685,470.20 357,738,051.09 484,690,865.34 357,738,051.09 484,690,865.34 56,848,215.03 62,172,190.13 22,212,168.67 51,496,293.82 71,026,227.64 29,594,186.74 16,109,201.50 19,738,847.35 43,962,328.16 21,195,526.67 210,158,140.99 184,197,044.71 210,158,140.99 184,197,044.71 134,356,795.85 37.6% 18

2005 2005 9980 99. 99.8% 10000 8% 20 20311-9051.9 0.2% 97 97% 15000 % C 1306 3% 40784-4569.9 4105.596 43 % 57% 7240 6649-1583.19 105 3097.204 43% 90 % 90 % 46. 02 % 90%; 300 28 1221 11.1 10% 90% 3000 6165-282.78 10% 3972.17 46.02% 12598 369.5 10% 19

2005 20 1 3,149 3,086 98% 5795 2,944 50.8% 2 13,436 37.6% 1 1 2005 9 4.2 2 3

2005 4 4.67 29385 19580 64.61 2 1 2005 11 1.722 2.48 5500 2 21

2005 3 4 30% 1/3 50% 25% 10 4 14 9 128 1/3 2005 1 2 3 2005127 29 22

2005 3000 2700 90% 300 10% 2005 1 28 2004 2005 % 1,992,032,043.57 1,862,439,170.24-6.506 1,081,344,828.31 803,550,551.48-25.690 245,384,109.00 103,087,041.80-57.9 31,790,035.00-280,451,914.64-982.20 411,968,167.70 14,098,038.19-1965 2005 23

2005 24 1 1 2 3 4 2 3 2 4

2005 5 10 4050 25 10% 1 2 2005 12 46,538.77 41,561.85 4,976.93 2006 100 500 20000 3 25

2005 26 4 1 2 3 ISO9000 4 4 5 2 3 6 1 2 3

2005 4 6 1 2005 1 27 29 8 8 2004 2004 2004 2004 2004 2005 2004 2 2005 2 16 8 8 27

2005 3 2005 4 11 29 8 7 2005 2005 4 2005 7 28 9 6 2005 5 2005 9 13 7 5 28

2005 6 2005 10 21 7 5 2005 2005 7 2005 11 22 10 9 9 29

2005 2005 1 2 20051231 2005 ( ) 2006 320 2005 2005 2005 2005 2005 30

2005 2005 14,501,275.71 1,272,266.00 9,658,440.24 10,482,958.34 40,524,588.37 37,620,275.06 393,760.00 1,666,026.00 2,111,360.00 71,798,176.64 2,608,762.58 314,320,300.00 4,500,000.00 29,500,000.00 9,149,991.88 1,978,552.52 6,000,000.00 3 1 5082 2002 2004 95 5082 2 4000 2005 2 2005 31

2005 2006 4 19 2005 5 5 23 95% 1 2005 1 27 29 5 5 2004 2004 2004 2005 2004 2 2005 4 11 29 5 32

2005 5 2005 3 2005 7 28 5 5 2005 4 2005 10 21 5 4 2005 2005 5 2005 11 22 5 4 1 4.2 33

2005 34 2 2006 3 20 2005 3 4 5 20059 200597 503 3 3 1.2

2005 4.2 12004 10 6945 2004 12 13 ([2004 30 ] 1 6945 2004 5 21 2 1945 3 5000 4 369960 359950 729910 2005 4 17 2 7500 2005 3 2004 523 7500 7500 ([2005] 453 ) 1 2 35

2005 2005 5 21 3 2005 9 2 2005 9 9 2005 8 31 51425.206 2005 10 8 42000 2005 11 3 2005 16 42000 42000 1 17220 12005 11 10 5000 22005 11 30 2000 3 2005 12 31 2000 4 2006 6 30 2 24780 8800 3000 11800 24780 2.1 36

2005 2005 11 12 4 5000 3100 2 1 2 9885 3 4 7780 2006 4 6 3000 34992000 ( 1.1664 7000 /) 1000 900 700 400 1 2006 1 10 3000 23000 46.02% 2671 4500 4700 37

2005 11232 1 : [2003] 56 5082 4.8% 2004 95 2 200 2004513 2005513 1950 200512 2006930 3 1 2005 2 18 ( ) ( ) 2005 1 8 2005 ( ) 38

2005 2 : 5 : 400 : 2004 12 7813 4148 3666 53% 20073 722 3 1 4000 2 3 2005 2 18 2006 12 31 200412 1 " " 2005 4.5 6 39

2005 7.5 200511 2 2005 1.5 20% 2 2005 1 2009 12 31 2005521 5 2005 11 12 2005 16 42000 42000 1 24780 8800 3000 11800 24780 2.1 2 17220 120051110 5000 220051130 40

2005 41 2000 320051231 2000 4 2006 630 2005 5500 2006 2006 6 2006 2005 60 ( ) 12006113 2004 1529-2 20061 10 46.02% 2671.408 2006224 2 200646 3000 3000 1000 900 700 400

2005 % 77800000 25.672 58000000 19.14 30000000 9.899 1000 3.3 900 2.97 700 2.31 400 1.32 4-7 2006415 2006 4 19 42

2005 2005 12 31 14,098,038.19 1,289,706.93 411,968,167.70 388,733,307.69 6,012,824.30 17,356,440.00 2,916,000.00 43,000.00 98,095,758.36 31,176,230.86 75,040,592.31 68,434,503.68 396,566,167.51 311,822,638.81 86,206,779.96 18,517,259.10 10,213,074.99 1,526,859.29 5,401,189.26 2,955,319.81 492,508,918.15 371,757,473.25 488,746,879.13 376,843,800.58 143,666.80 118,294.53 1,017,638,448.30 717,572,909.14 1,084,838,342.89 858,443,190.86 32,301,625.33 194,618,557.09 45,375,453.90 304,453,921.56 1,000,000.00 1,000,000.00 32,301,625.33 194,618,557.09 46,375,453.90 305,453,921.56 16,574,533.73 17,607,794.25 715,931,105.67 558,790,795.67 695,409,509.07 594,104,263.18 257,271,651.85 178,755,878.95 225,842,745.00 170,189,376.05 458,659,453.82 380,034,916.72 469,566,764.07 423,914,887.13 8,493,166.72 8,256,161.05 8,454,904.71 8,256,161.05 450,166,287.10 371,778,755.67 461,111,859.36 415,658,726.08 74,248.69 87,164.29 36,478.00 24,084,997.31 1,750,000.00 450,277,013.79 371,778,755.67 485,284,020.96 417,408,726.08 362,169,611.82 325,798,253.45 375,481,754.82 352,383,268.27 52,471.00 52,471.00 52,471.00 52,471.00 362,222,028.82 325,850,724.45 375,534,225.82 352,435,739.27 1,862,439,170.24 1,609,820,946.35 1,992,032,043.57 1,933,741,577.77 43

2005 2005 12 31 : 463,770,396.93 399,670,396.93 478,250,714.07 425,350,714.07 2,600,000.00 31,900,000.00 88,432,222.02 53,929,686.33 81,711,962.66 75,948,415.40 112,099,071.25 303,929.49 65,971,222.86 2,004,171.64 9,050,928.34 4,671,598.30 11,287,622.63 8,540,052.36 16,425,184.34 8,931,119.85 16,163,241.23 11,643,318.44 428,144.19 2,905,090.70 89,517,357.47 107,210,604.57 26,269,863.28 66,097,918.14 1,335,284.40 1,113,826.66 375,602.87 683,118.66 136,992,113.95 138,729,664.30 88,300,839.96 204,220,040.14 56,778,627.84 44,095,683.76 16,080,701.20 7,161,856.21 977,429,330.73 758,656,510.19 819,216,861.46 801,649,605.06 : 46,656,804.39 46,656,804.39 54,323,981.16 54,323,981.16 9,200,000.00 46,656,804.39 46,656,804.39 63,523,981.16 54,323,981.16 : 1,024,086,135.12 805,313,314.58 882,740,842.62 855,973,586.22 34,802,483.64 27,946,372.64 : 303,050,000.00 303,050,000.00 303,050,000.00 303,050,000.00 303,050,000.00 303,050,000.00 303,050,000.00 303,050,000.00 758,188,457.14 758,188,457.14 755,530,819.33 755,530,819.33 195,634,944.65 126,850,576.72 195,272,609.99 126,850,576.72 97,796,199.50 63,425,288.36 97,615,032.17 63,425,288.36-453,322,850.31-383,581,402.09-172,508,601.01-107,663,404.50 803,550,551.48 804,507,631.77 1,081,344,828.31 1,077,767,991.55 1,862,439,170.24 1,609,820,946.35 1,992,032,043.57 1,933,741,577.77 44

2005 2005 12 2005 2004 2005 2004 357,738,051.09 484,690,865.34 128,731,983.78 173,134,479.40 357,738,051.09 484,690,865.34 128,731,983.78 210,158,140.99 184,197,044.71 68,374,587.15 89,771,850.37 44,492,868.30 55,109,711.63 42,020,722.59 53,004,588.27 " - " 103,087,041.80 245,384,109.00 18,336,674.04 30,358,040.76 " - " -497,352.02-652,921.44 1,671,424.88 66,493,905.88 134,817,283.27 98,048,020.17 1,203,340.79 1,248,774.34 180,298,971.20 76,633,561.10 101,314,418.33 48,809,143.62 40,161,636.53 35,483,998.96 33,022,371.74 31,489,936.05 " - " -252,688,201.22 34,565,607.33-115,532,031.94 15,304,092.63 " - " -10,182,367.15-6,237,734.34-145,592,930.81 11,548,694.64 23,000.00 10,000,000.00 23,000.00 10,000,000.00 37,538.14 331,294.46 31,054.24 76,962.40 17,061,456.06 3,327,881.46 14,847,089.08 2,895,963.24 " - " -279,871,486.29 35,331,285.99-275,917,997.59 34,033,786.43 138,232.99 93,456.95 19,748.66 442,195.36 2,509,614.62 938,179.42 " - " -280,451,914.64 31,790,035.00-275,917,997.59 34,014,037.77-172,508,601.01-203,739,085.35-107,663,404.50-40,095.75-452,960,515.65-171,949,050.35-383,581,402.09 181,167.33 279,775.33 181,167.33 279,775.33-453,322,850.31-172,508,601.01-383,581,402.09-453,322,850.31-172,508,601.01-383,581,402.09 : -141,677,442.2 7-107,663,404.5 0-107,663,404.5 0-107,663,404.5 0 45

2005 1. 2. 3. 4. 5. 6. 2005 12 1 116,273,805.17 342,726,552.43 2 60,573.49 3 42,374,615.12 70,796,514.79 4 158,648,420.29 413,583,640.71 5 41,398,917.81 174,431,395.85 6 33,858,998.57 60,123,156.55 7 10,412,344.25 21,115,839.29 8 423,177,559.97 519,356,423.57 9 508,847,820.60 775,026,815.26 10-350,199,400.31-361,443,174.55 21 969,691.89 969,691.89 22 23 9,650.00 266,506.69 24 25 979,341.89 1,236,198.58 26 275,837.15 4,636,856.74 27 28 29 275,837.15 4,636,856.74 20 703,504.74-3,400,658.16 31 32 25,000,000.00 98,500,000.00 33 376,267.82 382,851.63 34 25,376,267.82 98,882,851.63 46

2005 35 55,750,000.00 118,050,000.00 36 7,564,723.82 13,413,391.39 37 9,249.19 445,757.04 38 63,323,973.01 131,909,148.43 39-37,947,705.19-33,026,296.80 40 50-387,443,600.76-397,870,129.51 2005 12 : : 1. : 57-275,917,997.59-280,451,914.64 58 442,195.36 59 45,090,519.46 94,628,611.22 60 25,410,150.58 34,062,543.03 61 7,298,618.28 14,932,597.08 64 65-25,372.27 66 44,008,273.03 40,697,926.64-30,254.24 67 407,803.35 68 69 28,536,251.40 40,161,636.53 70 145,592,930.81 10,182,367.15 71 72 11,360,067.62-4,725,995.55 73-296,864,036.40-420,201,791.63 74-84,683,923.26 108,446,219.18 75 76-350,199,400.31-361,443,174.55 2 77 78 79 47

3 2005 80 1,289,706.93 14,098,038.19 81 388,733,307.69 411,968,167.70 82 83 84-387,443,600.76-397,870,129.51 2005 12 : 19,542,436.71 90,414,654.69 109,957,091.4 0 7,668,475.70 3,528,450.31 11,196,926.01 11,873,961.01 86,886,204.38 98,760,165.39 39,706,636.49 1,344,368.13 380,411.60 40,670,593.02 21,133,157.31 380,411.60 20,752,745.71 18,573,479.18 1,344,368.13 19,917,847.31 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 8,454,904.71 38,262.01 8,493,166.72 8,256,161.05 8,256,161.05 194,660.74 38,262.01 232,922.75 2,138.72 2,138.72 1,944.20 1,944.20 48

2005 6,788,262.01 1,750,000.00 38,262.01 8,500,00.00 74,492,239.92 95,047,284.83 418,673.61 169,120,851.14 2005 12 : 6,630,602.41 46,158,910.10 3,665,477.23 49,124,035.28 4,484,954.45 3,665,477.23 819,477.22 2,145,647.96 46,158,910.10 48,304,558.06 15,310,291.07 652,913.41 14,657,377.66 15,310,291.07 652,913.41 14,657,377.66 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 8,256,161.05 8,256,161.05 8,256,161.05 8,256,161.05 6,750,000.00 1,750,000.00 8,500,000.00 36,947,054.53 49,408,910.10 4,318,390.64 82,037,573.99 49

2005 2 : 2005 2004 303,050,000.00 303,050,000.00 303,050,000.00 303,050,000.00 755,530,819.33 721,999,480.37 2,657,637.81 33,531,338.96 2,627,137.81 15,261.96 30,500.00 33,516,077.00 758,188,457.14 755,530,819.33 97,657,577.82 97,377,802.49 181,167.33 279,775.33 50

2005 181,167.33 279,775.33 181,167.33 279,775.33 97,838,745.15 97,657,577.82 97,615,032.17 97,335,256.84 181,167.33 279,775.33 181,167.33 279,775.33 97,796,199.50 97,615,032.17-172,508,601.01-203,739,085.35 - -280,451,914.64 31,790,035.00 362,334.66 559,550.66 - -453,322,850.31-172,508,601.01 51

2005 (2006)CA 2005 12 31 2005 2005 12 31 2005 16 21 24 2006 3 20 52

2005 2005 12 31 1997 4 28 [1997]361 5500 1997 7 14 18500 1998 4 27 [1998]37 10 5 27750 [1999]55 1999 9 2555 1 30305 1999 9 21 4300001000647 30305 2003 8,800 29.04% 7,780 25.67% 3,000 9.90% 2005 11 2005 16 8800 3000 11800 24780 2.1 2006 3 1 53

2005 2 1 1 12 31 3 4 5 1 2 --- 3 6 7 8 54

2005 a. b. ( ) 1 5% 1-2 10% 2-3 15% 3-4 25% 4-5 30% 5 50% 9 10 a. 55

2005 b. 20% 20% 20% 50% 50% c. 10 10 10 a. 56

2005 b. c. 11 a. 57

2005 b. ( 3%) : 30-35 3.23-2.77% 10 9.7% 6 16.17% 5 19.4% 5 19.4% 12 13 a. b. c. 58

2005 a. b. 3 14 10 a b c 59

2005 d a b c 15 a b 16 ( ) 17 18 50% 60

2005 50% 17% 5% 25%1000 / 7%5% 3% 33%15% 5% 10000 9980 99.8% 15000 14550 97% 4406.3918 2028 46.03% * 16 300 270 90 ** 28 3000 2700 90% *** 471.698 13 ** *** 2005 61

2005 1 2005.12.31 2004.12.31 110,565.19 587,431.77 110,565.19 587,431.77 11,064,403.01 411,303,216.48 11,064,403.01 411,303,216.48 2,923,069.99 77,519.45 14,098,038.19 411,968,167.70 96.6% 2 2005.12.31 2004.12.31 6,012,824.30 17,356,440.00 6,012,824.30 17,356,440.00 3 2005.12.31 2004.12.31 1 66,090,598.00 59.7% 3,304,529.90 5% 62,786,068.10 57,294,691.45 69.3% 2,864,734.57 5% 54,429,956.88 1-2 15,098,419.09 14.1% 1,509,841.91 10% 13,588,577.18 13,060,827.91 15.8% 1,306,082.79 10% 11,754,745.12 2-3 18,469,846.66 17.2% 2,770,477.00 15% 15,699,369.66 5,580,913.98 6.7% 837,137.10 15% 4,743,776.88 3-4 1,665,887.13 1.6% 416,471.78 25% 1,249,415.35 3,573,033.58 4.3% 893,258.40 25% 2,679,775.18 4-5 5,497,933.19 5.1% 1,701,392.75 30% 3,796,540.44 223,013.72 0.3% 66,904.11 30% 156,109.61 5 2,470,000.30 2.3% 1,494,212.67 50% 975,787.63 2,976,587.37 3.6% 1,700,358.73 50% 1,276,228.64 109,292,684.37 100% 11,196,926.01 98,095,758.36 82,709,068.01 100% 7,668,475.70 75,040,592.31 5% 5% 54,011,382.08 50.4% 32.1% 4 2005.12.31 2004.12.31 62

2005 1 322,525,933.44 65.1% 32,686,070.67 5% 289,839,862.77 30,183,246.15 30.8% 1,509,162.31 5% 28,674,083.84 1-2 114,144,335.80 23.0% 16,601,281.93 10% 97,543,053.87 18,564,275.55 18.9% 1,856,427.56 10% 16,707,847.99 2-3 9,804,262.81 2.0% 1,470,189.43 15% 8,334,073.38 47,785,404.88 48.7% 7,800,714.59 15% 34,984,690.29 3-4 47,548,025.73 9.6% 47,360,080.20 25% 187,945.53 148,546.93 0.2% 37,136.74 25% 111,410.19 4-5 46,722.00 14,016.60 30% 32,705.40 145,562.47 0.1% 43,668.71 30% 101,893.76 5 1,257,053.12 0.3% 628,526.56 50% 628,526.56 1,253,704.99 1.3% 626,851.10 50% 626,853.89 495,326,332.90 100% 98,760,165.39 396,566,167.51 98,080,740.97 100% 11,873,961.01 86,206,779.96 5% 5% 73,464,152.64 464,050,606.24 93.7% 3-4 46,316,072.79 100% 1 301,715,954.06 2005 16 10% 405% 5 2005.12.31 2004.12.31 1 9,644,197.67 94.4% 4,810,580.73 89.1% 1-2 56,709.79 0.6% 590,608.53 10.9% 2-3 512,167.53 5.0% 3 10,213,074.99 100% 5,401,189.26 100% 5% 5% 6 2005.12.31 2004.12.31 16,453,042.55 16,453,042.55 21,059,372.91 21,059,372.91 12,530,749.92 12,530,749.92 11,154,464.20 11,154,464.20 87,356,316.92 20,752,745.71 66,603,571.21 93,213,599.40 21,133,157.31 72,080,442.09 90,478,009.53 19,917,847.31 70,560,162.22 100,502,585.26 18,573,479.18 81,929,106.08 63

2005 1,749,490.44 1,749,490.44 1,929,497.62 1,929,497.62 360.00 360.00 324,611,901.81 324,611,901.81 300,593,636.23 300,593,636.23 533,179,511.17 40,670,593.02 492,508,918.15 528,453,515.62 39,706,636.49 488,746,879.13 21,133,157.31 380,411.60 20,752,745.71 18,573,479.18 1,344,368.13 19,917,847.31 39,706,636.49 1,344,368.13 380,411.60 40,670,593.02 7 118,294.53 259,868.38 234,496.11 143,666.80 118,294.53 259,868.38 234,496.11 143,666.80 8 2005.12.31 2004.12.31 17,227,091.60 1,500,000.00 15,727,091.60 27,767,659.65 27,767,659.65 16,574,533.73 16,574,533.73 17,607,794.25 17,607,794.25 33,801,625.33 1,500,000.00 32,301,625.33 45,375,453.90 45,375,453.90 1 2005.12.31 2004.12.31 17,227,091.60 1,500,000.00 15,727,091.60 27,767,659.65 27,767,659.65 16,574,533.73 16,574,533.73 17,607,794.25 17,607,794.25 33,801,625.33 1,500,000.00 32,301,625.33 45,375,453.90 45,375,453.90 2 * 4,200,000.00-4,200,000.00 30,944,380.69-6,672,513.90-15,217,289.09 15,727,091.60 43% 64

2005 1,500,000.00 1,500,000.00 7.5% 1,500,000.00 36,644,380.69-6,672,513.90-19,417,289.09 17,227,091.60 1,500,000.00 * ** 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 21,608,000.00 9,336,380.69-6,672,513.90-15,217,289.09 15,727,091.60 43% 3 17,906,231.44 10 1,790,623.16 15,817,171.09 818,770.42 10 61,407.78 757,362.64 18,725,001.86 1,852,030.94 16,574,533.73 9 2005.12.31 2004.12.31 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 10 438,715,494.68 7,929,453.96 2,157,936.50 444,487,012.14 219,076,532.16 15,960,490.59 2,860,014.48 232,177,008.27 9,075,904.31 1,536,630.76 245,060.00 10,367,475.07 8,679,390.93 376,113.17 7,320.00 9,048,184.10 19,862,186.99 10,760.90 19,851,426.09 695,409,509.07 25,802,688.48 5,281,091.88 715,931,105.67 84,552,243.19 13,154,997.03 175,800.87 97,531,439.35 116,240,192.39 17,514,405.46 2,407,906.88 131,346,690.97 65

2005 4,288,084.56 1,280,478.13 128,747.69 5,439,815.00 6,417,383.44 1,176,151.63 828.38 7,592,706.69 14,344,841.42 1,022,088.88 5,930.46 15,360,999.84 225,842,745.00 34,148,121.13 2,719,214.28 257,271,651.85 * 8,454,904.71 38,262.01 8,493,166.72 461,111,859.36 450,166,287.10 * 24,319,812.07 ** 11 8,256,161.05 8,256,161.05 194,660.74 38,262.01 232,922.75 2,138.72 2,138.72 1,944.20 1,944.20 8,454,904.71 38,262.01 8,493,166.72 12 2005.12.31 2004.12.31 GMP 74,248.69 87,164.29 74,248.69 87,164.29 13 8,500,000.00 8,500,000.00 GMP 22,373,259.32 1,983,030.75 24,319,812.07 36,478.00 30,873,259.32 1,983,030.75 24,319,812.07 8,536,478.00 : 6,788,262.01 1,750,000.00 38,262.01 8,500,000.00 24,084,997.31 36,478.00 * 6,750,000.00 1,750,000.00 8,500,000.00 GMP 38,262.01 38,262.01 6,788,262.01 1,750,000.00 38,262.01 8,500,000.00 72.3% GMP 66

2005 14 2020 23,455,314.93 21,337,397.24 496,088.88 2,614,006.57 20,841,308.36 42.5 92,311,200.00 87,786,141.13 2,262,529.44 6,787,588.31 85,523,611.69 37.8 21,675,638.75 19,286,396.54 1,620,454.08 432,049.89 1,200,838.02 20,474,800.73 47.1 227,000,000.00 223,973,333.36 4,539,999.96 7,566,666.60 219,433,333.40 48.3 2,436,190.50 2,389,792.73 69,605.52 116,003.29 2,320,187.21 33.3 6,327,051.66 5,967,978.27 127,765.52 486,838.91 5,840,212.75 46.2 24,260,000.00 9,747,858.31 3,010,272.19 17,522,413.88 6,737,586.12 2.25 20,970,000.00 4,992,857.24 3,994,285.68 19,971,428.44 998,571.56 0.25 418,435,395.84 375,481,754.82 1,620,454.08 14,932,597.08 56,265,784.02 362,169,611.82 : 416,814,941.76 375,481,754.82 362,169,611.82 15 2005.12.31 2004.12.31 52,471.00 52,471.00 52,471.00 52,471.00 16 2005.12.31 2004.12.31 2,200,000.00 2,900,000.00 177,400,000.00 170,750,000.00 284,170,396.93 304,600,714.07 463,770,396.93 478,250,714.07 * 1950 ** % 88,850,000.00 5.31-8.325% 110,000,000.00 5.58% 70,000,000.00 7.965% 67

2005 49,000,000.00 5.0445% 45,000,000.00 6.372% 11,820,396.93 3.528% 374,670,396.93 2006 1 2500 17 2005.12.31 2004.12.31 2,600,000.00 31,900,000.00 2,600,000.00 31,900,000.00 18 5% 5% 19 5% 5% 20 2005.12.31 2004.12.31 2,904,313.31 428,144.19 777.39 428,144.19 2,905,090.70 21 2005.12.31 2004.12.31 10,205.60 87,865.27 32,476,829.59 13,094,429.68-20,512,093.86-20,657,063.41 68,966,487.19 32,521,053.18 3,930,117.97 1,825,259.25 933,078.59-636,870.05 3,109,578.63 110,848.00 543,500.06-75,658.64 59,653.70 89,517,357.47 26,269,863.28 241% 22 68

2005 2005.12.31 2004.12.31 1,335,284.40 375,602.87 1,335,284.40 375,602.87 23 5% 5% 30,486,140.00 18,150,795.11 10,000,000.00 24 2005.12.31 2004.12.31 12,153,693.37 8,918,844.99 25,895,923.35 6,675,617.74 529,250.71 486,238.47 12,536,268.08 3,315,659.00 2,347,833.33 56,778,627.84 16,080,701.20 253.1% 25 2005.12.31 2004.12.31 1,955,023.44 15,780,238.28 1,925,610.14 15,937,312.35 3,232,339.46 30,876,566.11 3,408,300.75 38,386,668.81 46,656,804.39 54,323,981.16 26 2005.12.31 2004.12.31 9,200,000.00 9,200,000.00 69

2005 27. 1. 19580 19580 : 7780 7780 11800 11800 2. : 3. 19580 19580. 1. 10725 10725 2. 3. 4. 10725 10725. 30305 30305 28 717,974,836.75 717,974,836.75 311,777.71 2,627,137.81 2,938,915.52 37,244,204.87 30,500.00 37,274,704.87 755,530,819.33 2,657,637.81 758,188,457.14 29 70

2005 97,657,577.82 181,167.33 97,838,745.15 97,615,032.17 181,167.33 97,796,199.50 195,272,609.99 362,334.66 195,634,944.65 30 2005-280,451,914.64-172,508,601.01 181,167.33 181,167.33-453,322,850.31 31 2005 2004 2005 2004 221,271,684.77 375,719,129.98 127,638,517.34 124,825,619.47 109,750,873.13 94,638,023.05 57,767,719.24 46,184,698.68 26,715,493.19 14,333,712.31 24,751,904.41 13,186,726.56 357,738,051.09 484,690,865.34 210,158,140.99 184,197,044.71 2005 2004 84,119,944.70 152,180,313.94 41,405,617.09 143,265,875.98 128,966,913.19 77,886,866.52 33,438,060.58 40,672,338.70 69,807,515.53 70.685,470.20 357,738,051.09 484,690,865.34 357,738,051.09 484,690,865.34 56,848,215.03 62,172,190.13 22,212,168.67 51,496,293.82 71

2005 71,026,227.64 29,594,186.74 16,109,201.50 19,738,847.35 43,962,328.15 21,195,526.67 210,158,140.99 184,197,044.71 210,158,140.99 184,197,044.71 134,356,795.85 37.6% 32 2005 2004 36,893,737.12 44,634,927.83 5,318,221.48 7,322,224.99 2,280,909.70 3,152,558.81 44,492,868.30 55,109,711.63 33 37.3% 34 136% 9774 734 35 2005 2004 46,181,976.00 31,907,303.52 629,724.85 600,733.63 3,542.52 4,026,021.81 6,202,789.43 20,780.00 808,632.29 172,187.26 40,161,636.53 35,483,998.96 36 2005 2004 72

2005-8,652,059.04-6,237,734.34-6,672,513.90-1,979,545.14-30,308.11 : -30,308.11-1,500,000.00-10,182,367.15-6,237,734.34 37 2005 2004 10,000,000.00 23,000.00 23,000.00 10,000,000.00 38 2005 2004 30,254.24 44,754.90 105,000.00 109,600.00 800.00 65,500.00 6,483.90 6,439.56 37,538.14 331,294.46 39 2005 2004 397,401.32 73,471.69 1,750,000.00 1,750,000.00 1,765,261.34 228,395.29 370,287.27 766,800.00 12,736,768.08 171,253.00 41,738.05 337,961.48 17,061,456.06 3,327,881.46 40 73

2005 2005 52,100,000.00 10,000,000.00 62,100,000.00 41 2005 409,642,316.64 36,141,632.14 18,569,610.64 8,871,924.60 7,306,841.32 4,731,169.87 3,338,126.42 2,877,253.39 2,669,064.01 2,052,081.49 496,200,020.52 1 2005.12.31 2004.12.31 1 27,434,919.48 85.7% 5% 27,434,919.48 69,783,163.48 95.7% 3,489,158.17 5% 66,294,005.31 1-2 10% 1,659,645.50 2.3% 165,964.55 10% 1,493,680.95 2-3 4,401,542.80 13.8% 660,231.42 15% 3,741,311.38 236,557.00 0.3% 35,483.55 15% 201,073.45 3-4 25% 156,771.80 0.2% 39,192.95 25% 117,578.85 4-5 74,304.00 0.2% 74,304.00 30% 3,600.00 1,080.00 30% 2,520.00 5 84,941.80 0.3% 84,941.80 50% 1,079,720.35 1.5% 754,075.23 50% 325,645.12 31,995,708.08 100% 819,477.22 31,176,230.86 72,919,458.13 100% 4,484,954.45 68,434,503.68 5% 5% 31,995,708.08 100% 2 2005.12.31 2004.12.31 74

2005 1 313,477,652.55 87.0% 1,941,406.12 5% 311,536,246.43 5,340,389.53 25.8% 267,019.48 5% 5,073,370.05 1-2 58,831.60 5,883.16 10% 52,948.44 9,160,036.55 44.3% 916,003.66 10% 8,244,032.89 2-3 274,639.93 0.1% 41,195.99 15% 233,443.94 6,036,184.30 29.2% 905,427.65 15% 5,130,756.65 3-4 46,316,072.79 12.9% 46,316,072.79 25% 38,452.28 0.2% 9,613.08 25% 28,839.20 4-5 30% 9,386.80 0.1% 2,816.04 30% 6,570.76 5 50% 78,457.60 0.4% 44,768.05 50% 33,689.55 360,127,196.87 100% 48,304,558.06 311,822,638.81 20,662,907.06 100% 2,145,647.96 18,517,259.10 5% 5% 353,902,170.15 98.3% 3 2005.12.31 2004.12.31 196,118,557.09 1,500,000.00 194,618,557.09 304,453,921.56 304,453,921.56 196,118,557.09 1,500,000.00 194,618,557.09 304,453,921.56 304,453,921.56 1 2005.12.31 2004.12.31 178,891,465.49 178,891,465.49 280,426,801.86 280,426,801.86 15,727,091.60 15,727,091.60 22,527,119.70 22,527,119.70 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 196,118,557.09 1,500,000.00 194,618,557.09 304,453,921.56 304,453,921.56 2 30,944,380.69-6,672,513.90-15,217,289.09 15,727,091.60 43% 20,280,000.00 3,842,613.91 6,647,789.73 26,927,789.73 46.03% 99,800,000.00-90,337,856.70-87,521,138.17 12,278,861.83 99.8% 1,500,000.00 1,500,000.00 7.5% 75

2005 145,500,000.00-44,328,320.22-40,842,064.58 104,657,935.42 97% 2,000,000.00 2,000,000.00 10% 32,186,920.42-2,059,625.29-2,121,033.07 30,065,887.35 90% 2,700,000.00 99,762.45 260,991.16 2,960,991.16 90% 334,911,301.11-139,455,939.75-138,792,744.02 196,118,557.09 : 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 : 21,608,000.00 9,336,380.69-6,672,513.90-15,217,289.09 15,727,091.60 43% 20,000,000.00 280,000.00 3,842,613.91 6,647,789.73 26,927,789.73 46.03% 9,980,000.00 90,000,000.00-90,337,856.70-87,521,138.17 12,278,861.83 99.8% 145,500,000.00-44,328,320.22-40,842,064.58 104,657,935.42 97% 32,186,920.42-2,059,625.29-2,121,033.07 30,065,887.35 90% 2,700,000.00 99,762.45 260,991.16 2,960,991.16 90% 3 17,906,231.44 10 1,790,623.16 15,817,171.09 1,275,142.19 10 127,514.20 1,020,113.77 818,770.42 10 61,407.78 757,362.64 20,000,144.05 1,979,545.14 17,594,647.50 4 2005.12.31 2004.12.31 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 5 2005 2004 2005 2004 128,731,983.78 173,134,479.40 68,374,587.15 89,771,850.37 76

2005 128,731,983.78 173,134,479.40 68,374,587.15 89,771,850.37 2005 2004 128,731,983.78 173,134,479.40 128,731,983.78 173,134,479.40 128,731,983.78 173,134,479.40 68,374,587.15 89,771,850.37 68,374,587.15 89,771,850.37 68,374,587.15 89,771,850.37 124,307,554.91 96.6% 6 2005 2004-144,062,622.70 11,548,694.64-142,083,077.56-1,979,545.14-30,308.11 : -30,308.11-1,500,000.00-145,592,930.81 11,548,694.64 1 1 77

2005 2 10000 10000 3 % % % % 8800 29.04 8800 29.04 4 2 1 2005 2004 13,498.97 7,224,744.29 6.57% 2 2005 2004 65,864,792.44 13.59% 3 78

2005 2005.12.31 2004.12.31 1,978,552.52 8,734,917.79 10,811,854.54 10,191,336.44 6,000,000.00 37,620,275.06 40,524,588.37 1,666,026.00 393,760.00 71,798,176.64 1,476,160.00 29,500,000.00 4,500,000.00 314,320,300.00 14,501,275.71 1,272,266.00 328,896.20 328,896.20 1 5082 2 4000 2005 2 18 2006 12 31 1 2004 12 2005 819 5000 411922.6 15765.81 130262.2 2 2004 30 2003 9 2005 3-6 2005 22 9885 73992.96 3 2003 526 2004 1529 3100 46.02% 79

2005.2 4 2004 523 2005 453 7000 1 321707 21943.33 2 5 10533.88 687.52 3 C3C4 4 6682.33 2005 12 31 12006 1 2006 2-12-2 4700 22006 1 13 2004 1529-2 46.02% 32006 4 3000 80

2005 2005 11 3 2005 16 42000 42000 17220 8800 3000 11800 24780 2.1 2005 12 31 5210 2005 81