2

ST 000980 00 1

2

3

HUANGSHAN JINMA CO.,LTD HSJM 0559-6537831 0559-6537888 tianyuy@21cn.com 1 245200 http://www.hsjinma.com jinma@hsjinma.com http://www.cninfo.com.cn ST 000980 1998 8 31 3400001300055 341021711767072 100 4

12,041,531.82 8,563,806.01 482,898.61 26,630,367.69 1,130,679.28 13,132,282.67 15,142.19 0-1,105,893.04 17,456,440.04-26,745,909.90 5,860,000.00 3,184,235.41 149,594.19 381,715.40 1,487,608.44 8,087,936.56 8,080,907.40 2004 2003 2002 175,333,598.34 131,067,841.16 216,455,699.75 8,563,806.01 8,805,791.69-88,770,323.80 678,390,278.45 584,804,231.50 887,951,305.20 394,346,657.01 385,782,851.00 372,938,451.53 ( ) 0.06 0.06-0.59 ( ) 0.06 0.06-0.59 ( ) 0.003-0.08-0.65 ( ) 0.003-0.08-0.65 5

2.63 2.57 2.49 2.60 2.55 2.47 0.12 0.44 0.61 % 2.17 2.28-23.8 9 % / 6.75 6.83 0.18 0.18 3.33 3.37 0.09 0.09 2.17 2.20 0.06 0.06 0.12 0.12 0.003 0.003 1 = / 2 = / 3 = - / 4 = / 5 = / 100% 150,000,000 305,225,090.65 6,087,536.32 6,087,536.33-81,617,312.30 385,782,851.00 0 0 0 0 8,563,806.01 8,563,806.01 0 0 0 0 0 0 150,000,000 305,225,090.65 6,087,536.32 6,087,536.33-73,053,506.29 394,346,657.01 6

7 2004 12 31 1 2 3 4 1 2 1 2 92,000,000 92,000,000 92,000,000 92,000,000 58,000,000 58,000,000 58,000,000 92,000,000 92,000,000 92,000,000 92,000,000 58,000,000 58,000,000 58,000,000 150,000,000 150,000,000 1 2

3 1 24383 2 2004 12 31 % 1 0 90,302,980 60.2 2 +391,215 698,793 0.47 A 3 0 652,700 0.44 4 575,900 0.38 A 5 535,243 0.36 A 6 0 391,620 0.26 7 214 0 326,350 0.22 8 0 326,350 0.22 9 0 214,164 0.14 A 10 211,300 0.14 A 1 2 3 10% 90302980 60.2% 1997 10 24 8

1996 12 20 90% 10% 90% 10% 90% 60.2% 4 5 5% 2004 9 21 3200 21.33% 40,000,000 2004 7 12 2004 7 12 2004 7 12 3 1 698,793 A 9

2 575,900 A 3 535,243 A 4 214,164 A 5 211,300 A 6 190,834 A 7 180,331 A 8 180,000 A 9 174,948 A 10 163,000 A 1 2004 12 31 42 2003.5 2005.1 40 2003.5 2005.1 50 2003.5 2005.1 38 2003.5 2005.1 30 2003.5 2005.1 55 2001.10 2005.1 41 2001.10 2005.1 50 2001.10 2005.1 10

49 2003.5 2005.1 37 2004.3 2005.1 52 2004.3 2005.1 39 2002.12 2005.1 49 2003.5 2005.1 50 2001.10 2005.1 32 2004.4 2005.1 26 2003.4 2005.1 2005 1 28 2005 42 2005.1 2008.1 40 2005.1 2008.1 50 2005.1 2008.1 32 2005.1 2008.1 54 2005.1 2008.1 42 2005.1 2008.1 53 2005.1 2008.1 49 2005.1 2008.1 50 2005.1 2008.1 39 2005.1 2008.1 38 2005.1 2008.1 32 2005.1 2008.1 27 2005.1 2008.1 11

2003 5 2005 1 2008 1 12

, 1 2003 6 1 2 12 409,200 123,360 108,960 20-30 2 30-40 2 5 40 2 3 33,600 / 4 (2005 1 ) 2003 2004 12 31 1727 133 7.7% 1343 77.8% 63 3.6% 157 9.1% 31 1.8% 204 13

11.8% 1 8 6 2 0 8 6 2 0 8 6 2 0 2 14

1 2 3 4 5 2004 2 6 2003 2004 3 13 5 92000000 61.33% 2003 2003 2003 2003 15

< > 2004 3 16 2004 3 16 2004 4 17 1 90302980 60.2% < > 2004 4 20 2004 9 21 2004 10 21 5 92000000 61.33% 2004 10 22 2004 3 16 16

1 175,333,598.34 26,630,367.69 8,563,806.01 A ( ) ( ) (%) 65,296,222.75 54,597,066.63 16.38 38,160,277.36 32,962,964.08 13.62 50,737,932.45 44,923,009.08 11.46 21,139,165.78 15,553,539.77 26.42 0 0 / B ( ) % 77,602,650.62 64,395,912.21 17.02 49,373,941.29 41,598,278.86 15.75 27,001,374.14 23,389,779.57 13.38 15,604,690.25 13,619,365.32 12.72 17

5,750,942.04 5,033,243.60 12.48 4.6% 11.8% 2 2004 10 21 3 2003 6 30 2003 78.26% 8.7% 2004 12 31 105,393,290.44 82,207,007.14 50,737,932.45 2,587,861.38 2004 10 21 95% 2004 12 31 87,928,255.87 82,789,287.15 21,139,165.78 2,789,287.15 18

4 15,788,310.52 18.55% 51,531,698.86 29.39% 5 1 2 1 2000 5 5800 1 5.49, 318,420 306,817.9 : 29.8 22.93 125.8 27.66 98.42 32.73 5 0 50 18 18 277.02 101.32 19

A B 2004 12 31 C D E 107389.5 40 29700 2740mm 29950 : 125.8 27.66 40 29.7 12.73 2740mm 29.95 10.63 185.45 51.02 2004 12 31 2740mm 2004 12 31 40 F 2 20

2004.12.31 2003.12.31 % 678,390,278.45 584,804,231.50 16.00 273,146,741.09 192,511,923.89 41.89 394,346,657.01 385,782,851.00 2.22 26,630,367.69 19,158,001.50 39.00 8,563,806.01 8,805,791.69-2.75 17,456,440.04 66,085,891.13-73.58-26,745,909.90-124,161,966.73 / (1) (2) (3) (4) (5) 6 1 1 2004 2 4 9 9 21

A 2003 B 2003 C 2003 D 2003 E F G H I 2004 J 2003 2004 2 6 2 2004 3 13 8 8 A B C D 2004 3 16 3 2004 4 12 22

8 8 2004 2004 4 13 4 2004 7 29 8 8 2004 2004 7 31 5 2004 9 17 8 8 A B C D E F 2004 9 21 6 2004 10 11 8 8 2004 23

2004 10 12 7 2004 10 21 8 8 2004 10 22 8 2004 12 24 8 8 A B C 2005 2004 12 25 2 2004 2004 10 29 2004 8,563,806.01, 24

1 [2003]56 (1) 2004 12 31 42,756,534.87 73,607,726.23 72,771,489.03 43,592,772.07-83,101,007.16 83,399,939.89 298,932.73 - [ 1] 452,174.81 26,080,000.00 26,532,174.81-17,063,327.97 17,063,327.97-1 77,356,839.59 2004 12 31 77,057,906.86 298,932.73 A 42,756,534.87 66,607,726.23 65,771,489.03 43,592,772.07 [ 2] - 24,160,000.00 24,160,000.00-2 2004 18 25

2,318,043.82 2003 12 31 1.98% 1,290,000.00 97,143.75 700 B - 7,000,000.00 7,000,000.00 - - 4,950,000.00 4,950,000.00 - - 6,043,100.30 6,043,100.30 - C 1. 2. 3. 4. 5. 2 2004 12 31 50% / 6,000.00 5,000.00 2004 7 2 2005 1 2 5,270.00 1,500.00 2004 7 13 2005 1 13 1,575.00 4,000.00 2004 5 31 [ 3] 2005 5 31 26

10,500.00 2004 12 31 6,500.00 16.48% 3 6,500.00 5,000.00 1,500.00 2 2004 12 31 50% 1 2004 5 31 4,000 2 2004 7 2 5,000 3 2004 7 13 1,500 1 4,000 2004 11 24 3,000 2004 12 1 1,000 2004 12 31 6,500 6,500 2003 16.8% 2005 12 31 2005 27

5 1 2004 2 4 3 3 A 2003 B 2003 C 2003 D 2003 E F 2004 2 6 2 2004 3 13 3 3 28

A B C 2004 3 16 3 2004 7 29 3 3 2004 7 31 4 2004 9 17 3 3 A B C D 2004 9 21 5 2004 12 24 3 2 29

2004 12 25 1 2 3 4 5 6 30

2,789,287.15 23.16% 1 A B 2004 9 16 77,057,906.86 2004 9 17 2004 10 21 C 1) 2004 8 31 77,057,906.86 2004 73 2) 2004 8 31 % A B C D=C-B E=D/A 100% 1 24,233,128.36 24,233,128.36 29,040,530.86 4,807,402.50 19.84% 2 21,856,615.09 21,856,615.09 48,017,376.00 26,160,760.91 119.69% 3 11,601,846.37 11,601,846.37 14,333,677.00 2,731,830.63 23.55% 4 10,254,768.72 10,254,768.72 33,683,699.00 23,428,930.28 228.47% 5 46,089,743.45 46,089,743.45 77,057,906.86 30,968,163.41 67.19% 46,089,743.45 77,057,906.86 30,968,163.41 67.19% a 2,731,830.63 b 50 31

23,428,930.28 c 4,807,402.50 D 2004 9 21 2 1 2004 5 31 40 40 2004 11 24 30 2004 12 1 10 2 2004 7 7 13 5000 1500 2004 7 1 50,000,000 2004 7 2 2005 1 2 2004 7 12 15,000,000 2004 7 13 2005 1 13 2005 12 31 3 32

2004 12 31 43,592,772.07 24,160,000.00 2004 12 31, 2005 2,000 2006 ( ) [2003]56 2004 12 31 10,500 6,500 6,500 2003 16.8% 2004 3 13 2003 530 3 2003 *ST ST 33

[2005] 0266 2004 12 31 2004 2004 12 31 2005 3 21 34

2004 12 31 2003 12 31 2004 12 31 2003 12 31 1 171,762,390.80 198,508,300.70 158,510,789.74 192,074,585.07 2 23,300,000.00 300,000.00 23,300,000.00 300,000.00 3 4,365,900.00 13,569,379.53 3,365,900.00 13,499,379.53 - - 1,457,305.00 1,457,305.00 4 75,622,351.94 59,075,667.89 1 36,338,223.33 40,580,030.75 5 68,562,021.25 58,268,746.61 2 66,520,618.52 58,922,272.70 6 6,534,282.44 2,147,680.58 2,748,953.01 2,017,194.88 - - 7 54,264,571.15 35,566,591.31 32,369,230.34 30,150,339.88 8 240,932.90 84,042.07 240,932.90 84,042.07 - - 406,109,755.48 367,520,408.69 324,851,952.84 337,627,844.88 9 4,876,072.00 7,602,400.00 3 158,975,485.94 51,012,089.15 - - - - 4,876,072.00 7,602,400.00 158,975,485.94 51,012,089.15 10 228,211,904.98 185,127,250.94 145,277,875.70 151,112,052.66 10 46,210,609.17 39,996,868.97 40,946,039.81 38,170,302.87 10 182,001,295.81 145,130,381.97 104,331,835.89 112,941,749.79 : 10 12,626,370.28 12,629,880.28 12,626,370.28 12,629,880.28 169,374,925.53 132,500,501.69 91,705,465.61 100,311,869.51 11 34,695,013.51 12,523,793.43 21,792,569.35 11,569,934.95 - - 204,069,939.04 145,024,295.12 113,498,034.96 111,881,804.46 12 63,334,511.93 64,657,127.69 63,334,511.93 64,657,127.69 - - - 35

- - - - 63,334,511.93 64,657,127.69 63,334,511.93 64,657,127.69 - - 678,390,278.45 584,804,231.50 660,659,985.67 565,178,866.18 2004 12 31 2003 12 31 2004 12 31 2003 12 31 13 226,500,000.00 152,500,000.00 219,500,000.00 147,500,000.00 15 2,015,000.00 188,594.01 2,015,000.00 188,594.01 16 43,196,428.80 38,868,984.94 30,915,749.03 34,985,119.47 17 82,473.67 1,271,818.45-1,270,818.45 19 1,835,483.93 1,031,271.78-499,954.78 1,234,654.34 2,318,217.01 799,631.40 1,703,497.79 - - - - 20-11,948,124.72-13,344,286.16-16,338,532.35-15,819,311.91 21 56,220.58 90,584.07 17,404.09 76,008.75 18 9,935,544.45 9,586,739.79 29,165,016.45 8,991,333.84 22 239,060.04-239,060.04 - - - - - 14 - - - - - 0.00-0.00 273,146,741.09 192,511,923.89 266,313,328.66 179,396,015.18 23 - - - - - - - - - - - - - - 273,146,741.09 192,511,923.89 266,313,328.66 179,396,015.18 36

10,896,880.35 6,509,456.61 24 150,000,000.00 150,000,000.00 150,000,000.00 150,000,000.00 - - 24 150,000,000.00 150,000,000.00 150,000,000.00 150,000,000.00 25 305,225,090.65 305,225,090.65 305,225,090.65 305,225,090.65 26 12,175,072.65 12,175,072.65 12,175,072.65 12,175,072.65 6,087,536.33 6,087,536.33 6,087,536.33 6,087,536.33 27-73,053,506.29-81,617,312.30-73,053,506.29-81,617,312.30 394,346,657.01 385,782,851.00 394,346,657.01 385,782,851.00 678,390,278.45 584,804,231.50 660,659,985.67 565,178,866.18 : 2004 2003 2004 2003 28 175,333,598.34 131,067,841.16 4 103,456,500.11 102,659,527.43 29 148,036,579.56 111,343,500.50 5 87,560,030.71 91,287,336.94 30 666,651.09 566,339.16 381,919.82 394,869.50 26,630,367.69 19,158,001.50 15,514,549.58 10,977,320.99-31 1,130,679.28 416,248.12 462,764.40 429,536.35 32 4,306,143.97 7,697,805.07 3,575,545.37 7,236,756.22 33 11,283,890.78 10,677,129.84 8,987,807.29 8,565,446.54 34-961,270.45 6,448,021.76-1,262,123.98 6,339,090.73 13,132,282.67-5,248,707.05 4,676,085.30-10,734,436.15 - - 35 15,142.19-6 5,012,990.98 3,023,611.40 36 - - - - 37 381,715.40 17,983,033.02 360,414.90 17,981,683.02 38 1,487,608.44 1,465,381.58 1,485,685.17 1,465,066.58 12,041,531.82 11,268,944.39 8,563,806.01 8,805,791.69-3,098,426.07 2,009,750.07 - - 379,299.74 453,402.63 - - 37

8,563,806.01 8,805,791.69 8,563,806.01 8,805,791.69-1. 2. 3. 4. 5. 6. : 2004 2003 2004 2003 8,563,806.01 8,805,791.69 8,563,806.01 8,805,791.69-81,617,312.30-90,423,103.99-81,617,312.30-90,423,103.99 - - - - -73,053,506.29-81,617,312.30-73,053,506.29-81,617,312.30 - - - - - - - - - - - - - - - - - - - - - - - - -73,053,506.29-81,617,312.30-73,053,506.29-81,617,312.30 - - - - - - - - - - - - - - - - -73,053,506.29-81,617,312.30-73,053,506.29-81,617,312.30 : 38

2004 % 6.75 6.83 0.18 0.18 3.33 3.37 0.09 0.09 2.17 2.20 0.06 0.06 0.12 0.12 0.003 0.003 171,473,085.00 108,469,172.40 - - 39 12,061,998.13 37,668,522.82 183,535,083.13 146,137,695.22 121,589,972.83 78,004,222.65 12,003,913.67 7,576,166.46 9,704,280.79 6,402,981.94 40 22,780,475.80 19,366,941.03 166,078,643.09 111,350,312.08 17,456,440.04 34,787,383.14 - - - - 149,594.19 149,594.19-52,528.05-52,528.05 41 1,910,606.11 1,901,787.79 2,007,672.25 1,998,853.93 22,975,555.52 10,615,014.02 99,000,000.00 129,757,906.86 42 121,975,555.52 140,372,920.88-119,967,883.27-138,374,066.95 - - 4,000,000.00-39

212,950,000.00 205,950,000.00 - - 216,950,000.00 205,950,000.00 138,950,000.00 133,950,000.00 2,234,466.67 1,977,111.52 - - 141,184,466.67 135,927,111.52 75,765,533.33 70,022,888.48 - - -26,745,909.90-33,563,795.33 1. 8,563,806.01 8,563,806.01 379,299.74-1,484,474.09 361,309.93 9,989,226.62 6,551,223.36 1,322,615.76 1,322,615.76 - - -156,890.83-156,890.83 239,060.04 239,060.04 1,086,148.91 1.086,148.91 - - -1,133,444.44-1,381,981.27-15,142.19-5,012,990.98 - - 4,304,046.34-3,615,114.09-47,046,734.12-1,137,155.57 38,439,974.11 27,967,351.87-17,456,440.04 34,787,383.14 2. 40

3. 171,762,390.80 158,510,789.74 198,508,300.70 192,074,585.07-26,745,909.90-33,563,795.33 ( ) 2004 1 1 12,225,571.47 11,082,321.57 1,484,474.09 1,191,271.09 8,632,417.79 7,658,857.94 264,991.55 3,593,153.68 3,423,463.63 1,219,482.54 1,191,271.09 - - - 5,056,888.41 5,056,888.41 4,989,913.10 4,989,913.10 66,975.31 66,975.31 126,328.00 126,328.00 126,328.00 126,328.00-12,629,880.28 12,629,880.28 7,323,816.33 7,323,816.33 5,306,063.95 5,306,063.95 - - - - - 2004 12 31 41

* * * * 495,820.71 1,325,781.87 13,214,224.85 10,947,810.79 * * * * 459,058.28 1,289,019.44 8,438,351.06 6,369,838.50 * * * * 36,762.43 36,762.43 4,775,873.79 4,577,972.29 400,733.35400,733.35 400,733.35 400,733.35 4,656,155.06 4,656,155.06 333,758.04333,758.04 333,758.04 333,758.04 4,656,155.06 4,656,155.06 66,975.31 66,975.31 66,975.31 66,975.31 126,328.00 126,328.00 126,328.00 126,328.00 3,510.00 3,510.00 3,510.00 3,510.00 12,626,370.28 12,626,370.28 7,323,816.33 7,323,816.33 3,510.00 3,510.00 3,510.00 3,510.00 5,302,553.95 5,302,553.95 2004 2003 150,000,000.00 150,000,000.00 150,000,000.00 150,000,000.00 305,225,090.65 301,186,482.87 4,038,607.78 42

4,038,607.78 305,225,090.65 305,225,090.65 6,087,536.32 6,087,536.32 6,087,536.32 6,087,536.32 6,087,536.32 6,087,536.32 6,087,536.33 6,087,536.33 6,087,536.33 6,087,536.33-81,617,312.30-90,423,103.99-8,563,806.01 8,805,791.69 - -73,053,506.29-81,617,312.30 43

1 5,860,000.00 2 3 3,184,235.41 4 149,594.19 5 381,715.40 6 7 8 9 10 11 9,575,545.00 1 2 3 4 1,487,608.44 5 6 7 8 9 1,487,608.44 8,087,936.56 7,029.16 8,080,907.40 44

1998 269 2000 5 11 2000 5 19 A 5800 2000 6 1 3400001300055 15,000 1 2 3 4 5, 6 7 45

1 5% 1-2 10% 2-3 20% 3-4 40% 4-5 75% 5 100% 8 9 10 46

10 20% 20% 20% 47

11 (%) ( ) (%) 3 20-40 4.85 2.43 3 5-14 19.40 6.93 3 8-12 12.13 8.08 12 48

3 13 10 14 49

15 16 17 18 50

19 50% 50% 1995 11 1996 2 1 17% 2 7% 0.15% 5% 3% 1% 3 51

33% 4 1 ( ) (%) ( ) 7,300* 1 91.78* 1 7,007.79 8,000 95.00 7,600.00 * 1 2004 9 17 2,970 40 2004 9 30 2004 1-9 2004 1-9 [2004] 0679 40 2,970 2004 9 30 1.10 2,700 4,600 7,300 86.96% 91.78% 2004 10 21 2004 2004 1 9 10 12 2 3 2004 9 16 7,600 4 52

400 2004 10 29 2004 11-12 1 2004.12.31 2003.12.31 294,569.64 177,305.84 170,241,393.36 196,363,154.46 1,226,427.80 1,967,840.40 171,762,390.80 198,508,300.70 6,845 2 8,000 174.50 2 2004.12.31 2003.12.31 300,000.00-300,000.00-23,000,000.00 - - - 23,300,000.00-300,000.00-2,300 2004 11 12 2,300 6% 2004 4 3 2004.12.31 2003.12.31 4,365,900.00 13,569,379.53 5% 5% 53

67.83% 4 2004.12.31 2003.12.31 1,457,305.00-1,457,305.00 5 2004.12.31 % 1 73,069,883.09 86.93 3,653,494.15 69,416,388.94 1-2 1,276,706.57 1.52 127,670.66 1,149,035.91 2-3 799,461.60 0.95 159,892.32 639,569.28 3-4 6,432,094.75 7.65 2,572,837.90 3,859,256.85 4-5 2,232,403.85 2.66 1,674,302.89 558,100.96 5 250,153.14 0.29 250,153.14-84,060,703.00 100.00 8,438,351.06 75,622,351.94 5% 5% 22,169,175.90 26.37% 1,000 1,000 2003.12.31 (%) 1 47,651,985.79 70.38 2,382,599.28 45,269,386.51 1-2 3,692,462.07 5.45 369,246.20 3,323,215.87 2-3 8,433,578.56 12.46 1,686,715.70 6,746,862.86 3 7,930,059.26 11.71 4,193,856.61 3,736,202.65 54

67,708,085.68 100.00 8,632,417.79 59,075,667.89 6 2004.12.31 1 (%) 61,442,037.46 83.78 3,072,101.88 58,369,935.58 1-2 9,079,933.67 12.38 907,993.37 8,171,940.30 2-3 1,790,505.10 2.44 358,101.02 1,432,404.08 3 1,025,418.81 1.40 437,677.52 587,741.29 73,337,895.04 100.00 4,775,873.79 68,562,021.25 60.20% 43,592,772.07 64,697,787.79 88.22% 43,592,772.07 2004 11,460,000.00 2004 6,800,000.00 2003 1,445,015.72 2003 1,400,000.00 2004 2003.12.31 (%) 1 55,828,706.06 90.25 2,791,435.30 53,037,270.76 1-2 4,587,191.02 7.42 458,719.10 4,128,471.92 2-3 1,208,160.01 1.95 241,632.00 966,528.01 3 237,843.20 0.38 101,367.28 136,475.92 61,861,900.29 100.00 3,593,153.68 58,268,746.61 7 55

2004.12.31 2003.12.31 (%) (%) 1 5,963,743.29 91.26 1,542,219.95 71.81 1-2 334,623.30 5.12 325,370.01 15.15 2-3 104,236.00 1.60 205,288.75 9.56 3 131,679.85 2.02 74,801.87 3.48 6,534,282.44 100.00 2,147,680.58 100.00 5% 5% 4,386,601.86 2,818,630.00 570,539.15 8 2004.12.31 11,234,058.71-11,234,058.71 39,740,742.30 4,656,155.06 35,084,587.24 4,349,967.81-4,349,967.81 1,218,890.42-1,218,890.42 1,670,333.43-1,670,333.43 706,733.54-706,733.54 58,920,726.21 4,656,155.06 54,264,571.15 2003.12.31 7,024,140.00 66,975.31 6,957,164.69 29,251,398.68 4,989,913.10 24,261,485.58 2,852,555.85-2,852,555.85 56

1,108,347.70-1,108,347.70 387,037.49-387,037.49 40,623,479.72 5,056,888.41 35,566,591.31 18,297,246.49 13,616,839.70 2004.1.1 2004.12.31 66,975.31-66,975.31-4,989,913.10-333,758.04 4,656,155.06 5,056,888.41-400,733.35 4,656,155.06 2004 2 18 5 9 2004.1.1 2004.12.31 84,042.07 286,375.72 129,484.89 240,932.90 10 2004.12.31 2003.12.31 5,002,400.00 126,328.00 4,876,072.00 7,602,400.00-7,602,400.00 260 57

2004.1.1 2004.12.31-126,328.00-126,328.00 % 4,000,000 0.5510 4,000,000.00-30,000 0.0315 38,400.00-118,300 0.0122 344,000.00 217,672.00 - - - 4,382,400.00 ( ) (%) 10 225,000,000 0.187 420,000.00-72,320,000 0.14 100,000.00-100,000,000 0.10 100,000.00 - - - 620,000.00 11 2004.1.1 2004.12.31 98,989,114.87 55,468.42 2,208,295.33 96,836,287.96 81,938,537.28 49,666,996.56 3,904,587.84 127,700,946.00 4,199,598.79 1,267,550.00 1,792,477.77 3,674,671.02 185,127,250.94 50,990,014.98 7,905,360.94 228,211,904.98 11,604,700.57 2,475,991.60 948,153.97 13,132,538.20 58

27,275,354.70 7,174,356.77 1,997,963.78 32,451,747.69 1,116,813.70 338,878.25 829,368.67 626,323.28 39,996,868.97 9,989,226.62 3,775,486.42 46,210,609.17 145,130,381.97 182,001,295.81 47,596,391.00 848,090.00 2,545,533.98 2,577,454.81 5,327,906.13 1,236,907.41 2,538,579.01 2004.1.1 2004.12.31 7,323,816.33 - - 7,323,816.33 5,306,063.95-3,510.00 5,302,553.95 12,629,880.28-3,510.00 12,626,370.28-3,510.00 7,000,000.00 10,003,921.60 16,106,898.40 59

11,679,454.99 12 2004.1.1 2004.12.31 7,132,936.90 4,058,000.02 24,200.00 9,100.00 11,157,636.92 720,590.00 9,100.00 708,890.00 20,800.00-2740mm 3,716,408.05 6,918,524.38 - - 10,634,932.43 40 883,858.48 11,961,233.18 115,000.00-12,730,091.66 70,000.00 102,352.50 - - 172,352.50 12,523,793.43 23,049,210.08 848,090.00 29,900.00 34,695,013.51 2004.12.31 % 11,157,636.92 12,580.00 21.98-2,980.00 76.83* 1 2740mm 10,634,932.43 2,994.98 35.51 40 12,730,091.66 2,970.00 43.25 172,352.50 - - 34,695,013.51 - - - * 1 2004 12 31 2,980 2,289.63 690.37 177.03% 40 13 2004.1.1 2004.12.31 65,874,984.55 64,657,127.69-1,322,615.76 2,540,472.62 63,334,511.93 47.67, 14 60

2004.12.31 2003.12.31 209,500,000.00 147,500,000.00 7,000,000.00 5,000,000.00 10,000,000.00* 1-226,500,000.00 152,500,000.00 * 1 4.425 2004 1 18 2005 1 18 48.52% 15 2004.12.31 2003.12.31 2,015,000.00 188,594.01 5% 5% 1,826,405.99 16 2004.12.31 2003.12.31 (%) (%) 1 37,671,529.27 87.21 33,349,899.75 85.80 1-2 3,171,527.92 7.34 4,878,304.42 12.55 2-3 2,345,779.61 5.43 316,506.88 0.82 3 7,592.00 0.02 324,273.89 0.83 43,196,428.80 100.00 38,868,984.94 100.00 5% 5% 3 7,592.00 17 2004.12.31 2003.12.31 (%) (%) 1 82,473.67 100.00 1,017,423.82 80.00 61

1-2 - - 208,045.23 16.36 2-3 - - - - 3 - - 46,349.40 3.64 82,473.67 100.00 1,271,818.45 100.00 1,189,344.78 5%( 5%) 18 2004.12.31 2003.12.31 (%) (%) 1 6,909,915.57 69.55 6,217,475.69 64.85 1-2 2,872,295.89 28.91 2,810,220.66 29.31 2-3 152,082.99 1.53 354,845.49 3.70 3 1,250.00 0.01 204,197.95 2.14 9,935,544.45 100.00 9,586,739.79 100.00 5% 5% 5,860,000.00 2004 19 2004.12.31 2003.12.31 1,835,483.93 1,031,271.78 804,212.15 1,301,128.20 20 2004.12.31 2003.12.31-12,152,677.08* 1-15,334,142.64 33% 13,962.89 1,955,099.12 17% 62

17,319.77-34,604.80 7% 5% 1,748.28 1,233.10-160,000.00 64,000.00 5% 11,521.42 4,129.06 - -11,948,124.72-13,344,286.16 - * 1 [2002] 254 16,720,585.29 50% 21 2004.12.31 2003.12.31 35,300.16-55,927.76 20,920.42 146,511.83 0.6 56,220.58 90,584.07-22 + - 2004.1.1 2004.12.31 192,000,000 - - - - - 92,000,000 - - - - - - - - - 92,000,000 - - - - - 92,000,000 - - - - - - - - - - - - - - 2- - - - - - - 3- - - - - - - 4 - - - - - - - - - - - - - - 92,000,000 - - - - - 92,000,000 63

1 58,000,000 - - 58,000,000 2 - - - - - - - 3 - - - - - - - 4 - - - - - - - 58,000,000 - - - - - 58,000,000 150,000,000 - - - - - 150,000,000 3,200 21.33% 4,000 2004 7 12 2004 7 12 2004 7 12 23 2004.1.1 2004.12.31 297,777,896.35 - - 297,777,896.35 3,408,586.52 - - 3,408,586.52 4,038,607.78 - - 4,038,607.78 305,225,090.65 - - 305,225,090.65 24 2004.1.1 6,087,536.32 6,087,536.33 12,175,072.65 - - - - - - 2004.12.31 6,087,536.32 6,087,536.33 12,175,072.65 25 2004 2003-81,617,312.30-90,423,103.99 8,563,806.01 8,805,791.69 - - - - 64

- - -73,053,506.29-81,617,312.30 26 2004 2003 65,296,222.75 67,649,576.10 38,160,277.36 35,009,951.33 50,737,932.45 28,408,313.73 21,139,165.78-175,333,598.34 131,067,841.16 33.77% 21,139,165.78 2003 2003 7-12 2004 22,329,618.72 51,531,698.86 29.39% 27 2004 2003 54,597,066.63 59,920,198.69 32,962,964.08 31,367,138.25 44,923,009.08 20,056,163.56 15,553,539.77-148,036,579.56 111,343,500.50 32.95% 28 2004 2003 388,546.68 373,843.68 278,104.41 189,895.48 65

- 2,600.00 5% 666,651.09 566,339.16 29 2004 2003 1,054,880.04 267,409.35 75,799.24 148,838.77 1,130,679.28 416,248.12 714,431.16 30 2004 2003 4,306,143.97 7,697,805.07 2.46% 5.87% 44.06% 1,779,403.14 2,067,040.57 31 2004 2003 2,234,466.67 12,264,883.09 : 3,367,911.11 5,845,062.22 172,173.99 28,200.89-961,270.45 6,448,021.76 7,409,292.21 5,860,000.00 3,184,235.41 32 2004 2003-8,124.00-66

149,594.19 - -126,328.00-15,142.19-3 2 10 33 2004 2003 347,126.10 34,432.75 14,439.30 253,546.56-17,680,000.00 20,150.00 15,053.71 381,715.40 17,983,033.02 17,601,317.62 2003 17,680,000.00 34 2004 2003 1,433,275.01 236,103.42-323,358.17 1,923.27 877,850.84 52,410.16 28,069.15 1,487,608.44 1,465,381.58 35 5,860,000.00 67

1,308,522.82 2,912,174.81 1,960,000.00 21,300.50 12,061,998.13 36 11,460,000.00 5,520,545.38 608,709.40 586,000.00 4,605,221.02 22,780,475.80 37-92,528.05 40,000.00 1 2004.12.31-52,528.05 (%) 1 31,734,851.9 2 74.31 1,586,742.59 30,148,109.33 1-2 1,259,096.57 2.95 125,909.66 1,133,186.91 2-3 799,461.60 1.87 159,892.32 639,569.28 3 8,914,651.74 20.87 4,497,293.93 4,417,357.81 68

42,708,061.83 100.00 6,369,838.50 36,338,223.33 5% 5% 12,274,007.28 28.74% 2003.12.31 (%) 1 28,184,788.8 0 58.43 1,409,239.43 26,775,549.37 1-2 3,690,462.07 7.65 369,046.20 3,321,415.87 2-3 8,433,578.56 17.48 1,686,715.70 6,746,862.86 3 7,930,059.26 16.44 4,193,856.61 3,736,202.65 48,238,888.69 100.00 7,658,857.94 40,580,030.75 2 2004.12.31 (%) 1 59,424,619.30 83.58 2,903,388.99 56,521,230.31 1-2 8,928,047.60 12.56 892,804.76 8,035,242.84 2-3 1,720,505.10 2.42 344,101.02 1,376,404.08 3 1,025,418.81 1.44 437,677.52 587,741.29 71,098,590.81 100.00 4,577,972.29 66,520,618.52 64,742,803.51 91.06% 2003.12.31 (%) 1 56,390,179.20 90.45 2,629,508.96 53,760,670.24 1-2 4,509,553.92 7.23 450,955.39 4,058,598.53 2-3 1,208,160.01 1.94 241,632.00 966,528.01 69

3 237,843.20 0.38 101,367.28 136,475.92 62,345,736.33 100.00 3,423,463.63 58,922,272.70 3 2004.12.31 2003.12.31 154,099,413.94-154,099,413.94 43,409,689.15-43,409,689.15 5,002,400.00 126,328.00 4,876,072.00 7,602,400.00-7,602,400.00 159,101,813.94 126,328.00 158,975,485.94 51,012,089.15-51,012,089.15 108,089,724.79 260 10 2004.1.1 2004.12.31-126,328.00-126,328.00 2004.1.1 2004.12.31-8,124.00 8,124.00-8,124.00 8,124 ( ) % 2004.12.31 91.78 70,077,953.75 2,348,026.00 5,371,637.40 75,449,591.15 95.00 76,000,000.00 2,649,822.79 2,649,822.79 78,649,822.79 % 70

4,000,000 0.5510 4,000,000.00-30,000 0.0315 38,400.00-118,300 0.0122 344,000.00 217,672.00 - - - 4,382,400.00 - ( ) (%) 10 225,000,000.00 0.187 420,000.00-72,320,000.00 0.14 100,000.00-100,000,000.00 0.10 100,000.00 - - - 620,000.00 4 2004 2003 65,296,222.75 67,649,576.10 38,160,277.36 35,009,951.33 103,456,500.11 102,659,527.43 48,779,312.52 47.15% 5 2004 2003 54,597,066.63 59,920,198.69 32,962,964.08 31,367,138.25 87,560,030.71 91,287,336.94 6 2004 2003 4,997,848.79 3,023,611.40-8,124.00-149,594.19 - -126,328.00-5,012,990.98 3,023,611.40 71

1, : 2004.1.1 2004.12.31 13,000.00 - - 13,000.00 10,180.00 - - 10,180.00 : 2004.1.1 2004.12.31 (%) (%) (%) (%) 9,030.298 60.20 - - - - 9,030.298 60.20 2 2004.12.31 2003.12.31 43,592,772.07 42,756,534.87-452,172.81 298,932.73-1 72

66,607,726.33 65,771,489.03 1.98% 1,290,000.00 7,000,000.00 24,160,000.00 1.98% 97,143.75 4,950,000.00 6,043,100.30 2 2004 12 31 6,000 2004 12 31 14,950 10,500 2004 12 31 6,500 ( ) 1,500.00 1,575.00 2005 1 13 5,000.00 5,270.00 2005 1 2 6,500 6,845 5,000.00 1,500.00 3 2003 5 1 2005 4 30 16 155,305.08 73

2004 12 25 15,583.29 2007 12 31 2004 12 31 2005 45 701,248.05 4 2004 9 16 2004 8 31 77,057,906.86 2004 73 77,057,906.86 2004 9 17 2004 10 21 2004 10 23 2004 10 23 77,356,839.59 2004 12 31 77,057,906.86 298,932.73 5 2004 2 18 2,318,043.82 2003 12 31 6 21.12 2003 12.34 2004 12 31 2004 12 31 74

2005 3 21 6,045.00 1,146.00 2005 1 2 1,400.00 2005 2 27 2005 3 21 2003 4 25-11,700 90% 1,300 10%, 54.18% 6.02% 2003 9 17 [2003]212 9,030.298 2004 3 24 [2004]14 "ST " 1 75

2 3 4 2005 3 21 76

1 2 3 00 77