2002 GuangDong ShaoNeng Group Co., Ltd

2002 2 3.5.7 9 11 12 28 30 33 73-1

2002 Guangdong Shaoneng Group Co.,Ltd 148 (0751)8153162 (0751)8535226 sngf shaoneng.com.cn 148 148 512026 http://www.shaoneng.com.cn www.sn0601.com sngf shaoneng.com.cn http://www.cninfo.com.cn 148 000601 2000 6 30 148 4402001200008 44020119153918X 509 30-2

2002 193,087.04 119,284.98 112,047.23 309,586.79 4,284.88 186,605.55-58.32 5,641.35 898.46 178,255.42-129,240.84 538.85 2,061.26 722.40 33% -1,149.34 4,017.48 ( ) 829.40-583.22 1,775.58 ( ) -851.69 ( ) -122.97 7,237.75-3

2002 2002 2001 2000 779,557.54 613,670.87 547,030.50 564,871.17 119,284.98 131,244.09 128,176.24 130,970.44 3,523,383.61 3,019,807.46 2,567,567.19 2,515,581.20 1,846,671.52 1,765,867.25 1,718,802.35 1,673,661.21 / 0.31 0.34 0.33 0.34 / 4.73 4.52 4.40 4.29 / 4.68 4.48 4.29 4.22 / 0.46 0.50 0.46 0.46 % 6.46 7.43 7.46 7.83 % / 2002 2001 2002 2001 2002 2001 2002 2001 16.76 14.27 16.96 14.49 0.79 0.65 0.79 0.65 10.10 9.07 10.22 9.21 0.48 0.41 0.48 0.41 6.46 7.43 6.53 7.55 0.31 0.34 0.31 0.34 6.07 6.89 6.14 6.99 0.29 0.31 0.29 0.31 390,380.53 1,032,428.76 186,533.26-156,524.70 1,765,867.25-557.34 35,785.49 5,964.25 119,284.98 155,627.81 - - 5,964.25 5,964.25 68,859.30 74,823.55 390,380.53 1,032,986.10 216,354.50-206,950.38 1,846,671.51 * - 4 *

2002 1 1 85,021,616 85,021,616 70,938,416 70,938,416 14,083,200 14,083,200 2 133,716,672 133,716,672 3 4 218,738,288 218,738,288 1 171,642,240 171,642,240 ( ) 63,244-41,817-41,817 21,427 2 2.1 2.2 171,642,240 171,642,240 390,380,528 390,380,528 2-5

2002 2000 4 [2000]33 1999 311,366,688 10:8 7 / 79,013,840 2,728,400 76,285,440 2000 5 12 2000 5 15 2000 5 16-5 29 76,285,440 2000 6 14 311,366,688 390,380,528 1 2002 12 31, 72,867 2 ( ) ( ) ( ) 70,938,416 18.17 0 20 500 000 20,500,000 5.25 0 20,000,000 5.12 0 3,654,000 0.94 0 3,272,433 0.84 3,024,000 0.77 0 1,728,000 0.44 0 1,728,000 0.44 0 1,728,000 0.44 0 1,719,360 0.44 0 3 1992-6

2002 1 52 2002.6.22-2005.6.22 44 2002.6.22-2005.6.22 15,552 15,552 48 2002.6.22-2005.6.22 40 2002.6.22-2005.6.22 40 2002.6.22-2005.6.22 56 2002.6.22-2005.6.22 37 2002.6.22-2005.6.22 59 2002.6.22-2005.6.22 46 2002.6.22-2005.6.22 55 2002.6.22-2005.6.22 50 2002.6.22-2005.6.22 56 2002.6.22-2005.6.22 42 2002.6.22-2005.6.22 1,555 1,555 41 2002.6.22-2005.6.22 38 2002.6.22-2005.6.22 40 2002.6.22-2005.6.22 35 2002.6.22-2005.6.22 39 2002.6.22-2005.6.22 26 2002.6.22-2005.6.22 2-7

2002 1998 11 2000 10 1998 6 3 680,000 202,200 208,000 24,000 / 60000-75000 2 50000-60000 3 40000-50000 4 30000-40000 1 20000-30000 3 10000-20000 6 4 1 2002 6 22 2001 2 2002 6 22 2001 3 200 6 22-8

2002 4 2002 6 22 5230 3621 195 710 120 584 735 418 485-9

2002-10 2001 1 2 3 4 : 5

2002 2001, : 2001 2002 6 22 148 54 172,192,410 44.11% 1 2001 ; 2 2001 3 2001 4 2001 5 ; 6 ; 7 ; 8 ; 9 ; 10 ; 11 ; 12 ; 13 ; 14 2001 ; 15 16 2001 2002 6 25-11

2002 1 1 35.701 15.701 20 15.57 2002 62,217.17 280,702.51 74.70% 41.33%; 2002 103,728.49 293,416.79 19.18% 19.18% 12% GDP 35.7% 2002 6.363 20%-30% - 12

2002 2 2002 119,266.15 34,491.18 2002 30% 1998 2002 12 31 24,620, 2002 2001 64.50% 3 2002 12.49, 2,850.74 4 2002 30,078.85 4.54% 5 2001 9 2002 9 1-13

2002 6 2002 2003 2 2003 1 2020 GDP 20 GDP 8% 2003-2010 6.6%-7% 2003 4.8%, 2003 8% 2003-14

2002,2003 900 2000 5 1.32 ( 4.05 ) 2003 10.37, 2002 66% 35,000 2004 5 0.282 / 0.318 / 2 2003 2003 360 2003 1 20% 130, WTO 2003 3 2003-15

2002 2003 4 2003 4 2003 2003 5 2003 2003 2002 2002 779,557.54 2001 613,670.87 27.03% 2003 1-16

2002 1 : (%) 574,119.30 316,272.33 44.91 29.07 33.54-1.85 119,266.15 84,215.91 29.39 41.69 45.14-1.68 86,172.09 64,629.15 25.00 1.75 3.66-1.38 574,119.30 316,272.33 44.91 29.07 33.54-1.85 20,728.89 16,909.42 18.43-3.73 6.59-7.9 86,679.14 58,331.26 32.70 65.97 62.37 1.49 22,532.14 19,545.83 13.25-1.70-4.77 2.79 75,498.07 54,058.55 28.40 4.60 12.49-5.02 2 ( ) (%) 617,020.91 371,380.13 39.81 11.52 17.77-3.2 162,536.63 93,737.27 42.33 169.17 123.87 11.67 2 0.05 0.1 2002-17

2002 2003 4 2003 2003 3 50% 31,600 289,137.95 21,667.59 68.08% 150,000 345,993.99 12,531.27 86.92% 130,000 280,239.58 2002-18

2002 ( 81.21% ) 64,031.5 180,118.10-2,222.21 88.23%, 17,000 55,690.00-521.24 60% 7,500 21,094.25 1,048.73-19

2002 73.6% 55,000 50,230.45-6,185.31 4 : 213,722.65 58.38% 497,827.04 63.86% 5-20 700,000 779,557.54 (1) 2 2002 30% 3 6 2002 1

2002 2 3 1 2 3 4 1 2000 1 2000 410,442.2 159,863.08 488,790.25 2 410,442.2 407,542.6 4.6 5.0-21

2002 93.6% 73.57% 75.6% 83.9% 1 2 2003 4 2 1 2002 9 139,489.20 139,509.79 ( ) 2004 9 2 24,966.09 138,026.79 3 58,686.86 103,379.19 70.7% 2003 5 4 4.05, 161,304.66 210,623.21 2003 4-22

2002 5 58,130.90 91,750.79 2002 12 31 2001 12 31 3,523,383.61 3,019,807.46 1,846,671.52 1,765,867.25-23 2002 1-12 2001 1-12 309,586.79 252,020.35 119,284.98 131,244.09-129,240.84-298,352.50 1 106,567.57 2 3 1 2002 1 2 3 4 2001 7 33% 15%

2002 1 2 50% 20 0.282 / 0.318 /, WTO 2003 2003-24

2002 1 12 1 2002 2 9 A B 2002 2 26 2 2002 3 25 A B C D E F G H I J K L 2001 2001 2001 2001 2002 2001 M N O P Q - 25

2002 2002 3 28 3 2002 4 25 A B C 2002 2002 4 29 4 2002 5 17 A B C D 2002 6 22 2002 5 18 5 2002 5 23 A B 2002 5 2002 5 25 6 2002 6 15 7 2002 6 22-26

2002 A B C D E 2002 6 25 8 2002 6 27 3 2002 6 29 9 2002 8 13 A 2002 B 2002 2002 8 16 10 2002 9 27 11 2002 10 21 A B 2002 2002 10 23 12 2002 12 19 2002 12 21 2-27

2002 (2001 ) 2001 2001 2002 8 19 8 20 2002 8 12 3 2003 1 2002 2002 119,284.98 10% 11,928.50 5% 5,964.25 10% 11,928.50 89,463.73 156,524.70 2002 245,988.43 2002 12 31 390,380,528 10 1.00 39,038.05 206,950.38 2002 2001 2002 2 2003 A B 2003 1-2 2003 20% 2002 10% C 2003 + D 4-28

2002 1 2002 3 25 A B C D E F G 2001 2001 2001 2001 2002 2002 3 28 2 2002 5 17 2002 5 18 3 2002 6 22 2002 6 25 4 2002 8 13 A B 2002 2002 2002 8 16 1 1 2-29

2002 3 2 2002 3 2000 4 2002 3 25 106,567.57 57,228.52 49,339.05-30 2002 3 25 106,567.57 57,228.52 49,339.05

2002 1 2 1 35,000 38,577.45 2 38,600 31.92% 3 50,000 A 20,000 B 2003 3 28 35,000 1 50,000 35,000 C - 31

2002 38,600 2002 12 31 7,720 30,880 2003 3 24 30,880 2003 3 28 30,880, 31.92% D 50,000 20,000 20,000 3 : 2001 2002 2-32 2002 2001 800 860 ( ) 26 70 800

2002 2003 80688 2002 12 31 2002 2002 12 31 2002-33

2002 F 2002.12.31 2001.12.31 2002.12.31 2001.12.31 1 131,185,331.32 260,426,166.98 99,317,428.87 146,239,426.84 - - - - 2 3,146,150.60 1,618,003.75 - - - - - - - - - - 3 198,260,173.28 217,403,200.16 86,187,812.71 81,222,326.20 4 59,475,654.62 93,024,159.68 240,320,798.25 213,206,872.52 5 5,307,326.58 12,082,667.04 1,300,684.71 6,260,016.98 6 5,641,350.00-5,641,350.00-7 75,940,066.41 49,891,447.80 8,967,883.07 439,198.89 853,493.85 762,610.05 340,913.00 427,644.58 - - - - - - - - 479,809,546.66 635,208,255.46 442,076,870.61 447,795,486.01 8 9,792,076.30 10,299,397.03 428,876,657.86 411,040,810.10 - - 2,196,998.74 11,702,148.91 9,792,076.30 10,299,397.03 431,073,656.60 422,742,959.01 9 2,348,250,495.34 2,052,816,484.93 1,255,972,663.13 1,044,633,912.61 9 528,726,654.00 436,338,873.34 175,738,023.90 129,502,699.62 9 1,819,523,841.34 1,616,477,611.59 1,080,234,639.23 915,131,212.99 9 25,364,014.69 25,044,151.80 - - 9 1,794,159,826.65 1,591,433,459.79 1,080,234,639.23 915,131,212.99 841,974.10 - - - 10 1,149,861,171.68 688,621,401.30 876,906,893.27 598,486,499.81 - - - - 2,944,862,972.43 2,280,054,861.09 1,957,141,532.50 1,513,617,712.80 11 76,500,747.02 78,229,316.90 75,813,410.42 77,422,961.30 12 12,418,267.57 16,015,631.75 12,033,267.40 14,768,212.51 - - - - 88,919,014.59 94,244,948.65 87,846,677.82 92,191,173.81 3,523,383,609.98 3,019,807,462.23 2,918,138,737.53 2,476,347,331.63-1

2002 ( ) F 2002.12.31 2001.12.31 2002.12.31 2001.12.31 13 116,600,000.00 187,810,000.00 90,000,000.00 120,000,000.00 14 18,616,000.00-18,616,000.00-15 109,260,054.68 124,768,400.25 25,205,252.16 1,552,385.43 16 7,332,392.66 5,660,616.25 - - 17,113,661.17 9,795,746.31 580,301.24 56,262.13 10,029,701.96 12,001,322.28-406,965.63-491,090.38 17 39,038,052.80 39,038,052.80 39,038,052.80 39,038,052.80 5,801,143.73 6,929,874.90 1,449,645.83 844,405.96 18 4,205,747.50 396,946.32 5,020,937.37 3,551,787.09 707,966.88 949,777.04 65,641.84 11,962.06 19 115,589,268.65 105,226,144.24 38,322,306.34 133,367,468.30 20 1,632,459.93 5,895,551.38 210,000.00 - - - - - 21 22,112,000.00 26,387,493.05 10,402,000.00 10,402,000.00 - - - - 468,038,449.96 524,859,924.82 228,503,171.95 308,333,233.39 22 931,860,645.76 437,692,085.24 831,198,050.00 390,380,850.00 - - - - 23 58,069,135.56 89,356,178.87 11,466,000.00 11,466,000.00 600,000.00 500,000.00 300,000.00 300,000.00 - - - - 990,529,781.32 527,548,264.11 842,964,050.00 402,146,850.00 1,458,568,231.28 1,052,408,188.93 1,071,467,221.95 710,480,083.39 218,143,863.12 201,532,025.06 - - 24 390,380,528.00 390,380,528.00 390,380,528.00 390,380,528.00 25 1,032,986,098.75 1,032,428,763.30 1,032,986,098.75 1,032,428,763.30 26 216,354,502.83 186,533,256.66 216,354,502.83 186,533,256.66 26 - - - - 206,950,386.00 156,524,700.28 206,950,386.00 156,524,700.28 1,846,671,515.58 1,765,867,248.24 1,846,671,515.58 1,765,867,248.24 3,523,383,609.98 3,019,807,462.23 2,918,138,737.53 2,476,347,331.63-2

2002 F 2002 2001 2002 2001 27 779,557,537.98 613,670,866.22 252,337,850.74 232,033,855.66 28 465,117,393.56 357,209,415.88 71,688,703.87 66,875,621.06 29 4,853,349.84 4,441,101.52 1,600,494.88 1,518,604.23 309,586,794.58 252,020,348.82 179,048,651.99 163,639,630.37 4,284,882.67 6,148,914.96 7,386,629.90 9,661,713.28 19,705,927.55 16,488,416.59 990,343.11 2,442,152.09 30 82,686,113.12 66,826,867.80 22,097,764.75 22,164,429.08 31 24,874,091.22 14,722,192.46 18,351,337.50 14,846,902.08 186,605,545.36 160,131,786.93 144,995,836.53 133,847,860.40 32-58,317.95 4,790,366.88 13,591,744.06 10,067,873.07 33 5,641,350.00 3,240,000.00 5,641,350.00 3,240,000.00 34 2,546,175.06 8,392,923.73 882,748.48 7,318,441.15 1,647,712.77 3,021,225.95 160,347.14 105,912.00 193,087,039.70 173,533,851.59 164,951,331.93 154,368,262.62 35 60,542,217.12 34,998,477.68 45,666,347.24 23,124,169.76 13,259,837.89 7,291,281.05 - - 119,284,984.69 131,244,092.86 119,284,984.69 131,244,092.86 156,524,700.28 97,129,683.44 156,524,700.28 97,129,683.44 - - - - 275,809,684.97 228,373,776.30 275,809,684.97 228,373,776.30 11,928,498.47 13,124,409.29 11,928,498.47 13,124,409.29 5,964,249.23 6,562,204.64 5,964,249.23 6,562,204.64 257,916,937.27 208,687,162.37 257,916,937.27 208,687,162.37 - - - - 11,928,498.47 13,124,409.29 11,928,498.47 13,124,409.29 39,038,052.80 39,038,052.80 39,038,052.80 39,038,052.80 - - - - 206,950,386.00 156,524,700.28 206,950,386.00 156,524,700.28

2002 F 2002 2001 2002 2001 820,989,690.36 647,180,249.33 261,074,274.10 244,280,870.37-25,318,560.07-25,316,212.69 36 22,700,580.94 36,391,644.68 47,820,496.40 99,973,604.04 843,690,271.30 708,890,454.08 308,894,770.50 369,570,687.10 432,941,297.38 278,622,728.44 31,716,222.28 35,219,162.62 86,284,410.85 70,654,731.45 12,111,169.19 10,217,827.33 108,491,135.52 108,064,329.39 55,774,343.79 78,856,177.49 37 37,718,010.42 56,384,243.70 187,560,083.34 36,243,428.76 665,434,854.17 513,726,032.98 287,161,818.60 160,536,596.20 178,255,417.13 195,164,421.10 21,732,951.90 209,034,090.90 8,103.78 33,800,000.00 9,106,730.69 42,906,730.72-5,301,610.23 2,983,651.23 8,910,999.47 25,121,750.00 25,571,236.05 25,000,000.00 25,000,000.00-8,818,099.13-8,262,223.19 25,129,853.78 73,490,945.41 37,090,381.92 85,079,953.38 621,862,104.96 632,402,385.77 446,527,714.49 464,787,152.89 - - - 255,605,000.00 300,000.00-300,000.00-622,162,104.96 632,402,385.77 446,827,714.49 720,392,152.89-597,032,251.18-558,911,440.36-409,737,332.57-635,312,199.51 422,476.00 5,000,000.00 - - 631,110,000.00 238,566,000.00 528,000,000.00 231,466,000.00 - - - - 631,532,476.00 243,566,000.00 528,000,000.00 231,466,000.00 271,687,661.15 117,262,005.50 131,006,265.00 110,402,000.00 70,308,816.46 60,909,472.37 55,911,352.30 59,994,313.20 - - - - 341,996,477.61 178,171,477.87 186,917,617.30 170,396,313.20 289,535,998.39 65,394,522.13 341,082,382.70 61,069,686.80 - - - - -129,240,835.66-298,352,497.13-46,921,997.97-365,208,421.81

2002 : 1 : 2002 2001 2002 2001 119,284,984.69 131,244,092.86 119,284,984.69 131,244,092.86 13,259,837.89 7,291,281.05 - - 9,418,441.52 7,726,092.23-74,134.50-1,023.68 92,513,745.42 66,659,727.83 46,284,489.68 39,017,921.87 1,728,569.88 1,817,673.93 1,609,550.88 1,702,523.85 3,648,696.18 5,175,451.63 2,786,277.11 3,444,165.11 ( ) -90,883.80 333,319.83 86,731.58 591,087.97 ( ) -4,423,091.45 1,596,212.26 210,000.00-36,600.00 876,377.98 341,980.90 212,642.69 - ( ) 196,802.22 90,473.56-3,817.00 27,977,756.04 23,717,054.03 19,267,844.95 20,506,256.63 ( ) 58,317.95-4,790,366.88-13,591,744.06-10,067,873.07 ( ) - - - - ( ) -33,278,258.23 1,651,315.63-8,528,684.18-167,911.36 ( 22,318,213.87 ) -25,985,554.73-51,027,136.76-32,523,600.54 ( ) -74,934,093.03-14,527,836.19-94,487,870.18 62,497,731.10-300,000.00-7,176,496.84-300,000.00-7,176,496.84 178,255,417.13 195,164,421.10 21,732,951.90 209,034,090.90 2 : - - - - - - - - - - - - 3 131,185,331.32 260,426,166.98 99,317,428.87 146,239,426.84 260,426,166.98 558,778,664.11 146,239,426.84 511,447,848.65 - - - - - - - - -129,240,835.66-298,352,497.13-46,921,997.97-365,208,421.81

2002 1 2001.12.31 2002.12.31 9,264,230.95 4,220,654.12 1,196,932.91 12,287,952.16 7,158,724.29 3,392,243.73 582,857.22 9,968,110.80 2,105,506.66 828,410.39 614,075.69 2,319,841.36 - - - - - - - - - - - - 3,807,732.08 5,239,677.77-9,047,409.85-230,331.50-230,331.50 1,919,845.22 2,980,714.12-4,900,559.34 116,268.16 87,683.08-203,951.24 1,201,115.38 1,786,230.63-2,987,346.01 570,503.32 107,023.41-677,526.73-47,695.03-47,695.03 627,516.36-127,516.36 500,000.00 627,516.36-127,516.36 500,000.00 - - - - 25,044,151.80 319,862.89-25,364,014.69 - - - - 25,044,151.80 319,862.89-25,364,014.69 - - - - - - - - - - - - - - - - - - - -

2002 2-2002 2001 390,380,528.00 390,380,528.00 - - - - - - - - - - - - 390,380,528.00 390,380,528.00 1,032,428,763.30 1,032,428,763.30 557,335.45 - - - - - - - - - - - - - 557,335.45 - - - - - 1,032,986,098.75 1,032,428,763.30 186,533,256.66 121,444,015.12 29,821,246.17 65,089,241.54 23,856,996.94 26,248,818.58 11,928,498.47 13,124,409.29 11,928,498.47 13,124,409.29 - - - - 5,964,249.23 38,840,422.96 - - - - - - - - - - 216,354,502.83 186,533,256.66 89,622,104.41 77,693,605.94 - - - - - 32,278,218.32 5,964,249.23 6,562,204.64 5,964,249.23 6,562,204.64 5,964,249.23 38,840,422.96 5,964,249.23 38,840,422.96 - - 156,524,700.28 97,129,683.44 ( - ) 119,284,984.69 131,244,092.86 68,859,298.97 71,849,076.02 ( - ) 206,950,386.00 156,524,700.28

2002 2002 % / / % 16.76 16.96 0.79 0.79 10.10 10.22 0.48 0.48 6.46 6.53 0.31 0.31 6.07 6.14 0.29 0.29 F 2002 2001 1 - - 2 - - 3 ( ) 5,723,179.83-3,876,122.33 4 ( ) - 1,612,559.00 5 - - 6 39 3,052,726.63 15,226,419.74

2002 ( ) 1 1993 3 4402001200008 2 RMB390,380,500.00 148 1 2 3 4 5

2002 6 7 8 % 1 0 5 1 2 10 10 2 3 20 30 3 40 50 % 1 1 1 2 5 2 3 30 3 50

2002 1 ; 2 3 9 10 1 2 20% 20% 20% 20% 50% 50%

2002 10 10 3 11 (1) (2) (3) 12 1 2000 ( 5%) (%) 1 : 50 1.90 40 2.38 30 3.17 10-30 3.17-9.5 2 : 5-20 4.75-19 20 4.75 3 10 9.5 4 5 19

2002 1 2 3 4 5 13 1 3 2 3 1 2 3 14

2002 1 2 3 15 16 a ( ) 1 2 3 4 b 1 2

2002 c. 1 2 d. 1 2 3 1 2 4 5 17 18 2002 5,723,179.83 2,861,589.92 2002 2,820,060.99 1,410,030.50

2002 19 1 6% 17% 2 5% 3 7% 4 : 2001 12 31 [2000]94 33% 15% 33% [1996]75 3 33% ( ) 10% 5%-10% 0%-20% 1 : RMB31,600,000 50% 15,806,406.04 RMB17,000,000 88.23% 15,000,000.00

2002 RMB7,500,000 60% 4,500,000.00 RMB64,031,500 81.21% 52,001,171.82 RMB55,000,000 73.60% 40,480,000.00 RMB150,000,000 68.08% 102,125,000.00 RMB130,000,000 86.92% 113,000,000.00 RMB8,960,000 70% 6,272,000.00 2 3 1 2002.12.31 2001.12.31 518,452.85 662,106.06 128,304,878.47 256,627,114.52 2,362,000.00 3,136,946.40 131,185,331.32 260,426,166.98 49.63% 2005022109022101972 2,000,000.00 2002 12 31 24,207,479.65 2 2002.12.31 2001.12.31 3,136,610.60 1,618,003.75 9,540.00 3,146,150.60 1,618,003.75

2002 3 2002.12.31 2001.12.31 (%) (%) 1 187,490,764.83 90.04 2,839,338.59 200,578,370.77 89.32 2,283,762.98 1 2 6,936,421.08 3.33 693,642.11 13,469,338.31 6.00 1,346,933.83 2 3 3,543,138.31 1.70 1,062,941.50 9,243,873.68 4.12 2,773,162.10 3 10,257,959.86 4.93 5,372,188.60 1,270,341.69 0.56 754,865.38 208,228,284.08 100.00 9,968,110.80 224,561,924.45 100.00 7,158,724.29 2002.12.31 2001.12.31 130,703,993.28 154,917,916.07 123,849,021.89 59.48% 5% 5% 81.21% 582,857.22 4 2002.12.31 2001.12.31 (%) (%) 1 52,412,693.27 84.81 524,939.35 92,734,467.01 97.48 1,073,847.27 1 2 7,042,712.84 11.40 487,135.74 916,800.95 0.96 45,840.05 2 3 1,154,141.69 1.87 346,242.51 614,762.60 0.65 184,428.78 3 1,185,948.18 1.92 961,523.76 863,635.78 0.91 801,390.56 61,795,495.98 100.00 2,319,841.36 95,129,666.34 100.00 2,105,506.66

2002 * 45,319,936.35 B 2,300,000.00 1,688,152.06 * 135,615,521.98 2000 2004 2002 12 31 90,295,585.63 1 1% 81.21% 252,322.43 5% 5% 51,884,564.46 83.96% 35.04% 5 2002.12.31 2001.12.31 (%) (%) 1 5,307,326.58 100.00 11,540,771.86 95.51 1 2 355,416.26 2.94 2 3 115,483.99 0.96 3 70,994.93 0.59 5,307,326.58 100.00 12,082,667.04 100.00 5% 5% 6 2002.12.31 2001.12.31 5,641,350.00 33

2002 7 2002.12.31 2001.12.31 4,406,840.44 230,331.50 3,747,977.22 35,812,218.54 4,900,559.34 25,646,422.55 1,919,845.22 15,522,176.86 203,951.24 7,256,282.96 116,268.16 27,891,518.18 2,987,346.01 15,467,545.72 1,201,115.38 1,259,332.18 677,526.73 1,168,171.41 570,503.32 95,390.06 47,695.03 412,780.02 84,987,476.26 9,047,409.85 53,699,179.88 3,807,732.08 58.27% 1 2 8 2001.12.31 2002.12.31 980,864.80 127,516.36 4,095.85 373,868.18 483,576.11 9,180,000.00 500,000.00 50,000.00 9,130,000.00 500,000.00 766,048.59 87,548.40 678,500.19 10,926,913.39 627,516.36 4,095.85 511,416.58 10,292,076.30 500,000.00 1 2,544,000 8% 3,000,000.00

2002 2 3,800,000.00 19% 800,000.00 0.44% 50,000.00-500,000.00-500,000.00 180,000.00 15% 800,000.00 2.44% 6,130,000.00 3 2002.12.31 364,095.85 360,000.00 4,095.85 4,095.85 45.00% 119,480.26 417,557.60-1,384.54-298,077.34 20.00% 483,576.11 777,557.60 2,711.31-293,981.49 4 2001.12.31 2002.12.31 875,484.09 766,048.59 87,548.40 678,500.19 10 7 9 5 2001.12.31 2002.12.31 127,516.36 127,516.36 500,000.00 500,000.00 627,516.36 127,516.36 500,000.00

2002 9 2001.12.31 2002.12.31 1,043,692,406.51 173,444,276.55 710,257.95 1,216,426,425.11 937,154,686.04 116,202,955.47 859,121.34 1,052,498,520.17 22,401,618.02 2,994,409.04 653,360.00 24,742,667.06 32,139,374.36 5,159,259.89 144,151.25 37,154,483.00 17,428,400.00 17,428,400.00 2,052,816,484.93 297,800,900.95 2,366,890.54 2,348,250,495.34 141,772,298.63 28,064,615.91 75,355.60 169,761,558.94 269,552,943.70 55,590,524.70 269,107.61 324,874,360.79 5,773,631.60 2,908,203.68 182,752.96 8,499,082.32 14,252,282.49 6,126,073.19 76,591.92 20,301,763.76 4,987,716.92 302,171.27 5,289,888.19 436,338,873.34 92,991,588.75 603,808.09 528,726,654.00 901,920,107.88 1,046,664,866.17 667,601,742.34 727,624,159.38 16,627,986.42 16,243,584.74 17,887,091.87 16,852,719.24 12,440,683.08 12,138,511.81 1,616,477,611.59 1,819,523,841.34 901,920,107.88 1,046,664,866.17 8,086,443.99 319,862.89 8,406,306.88 25,044,151.80 319,862.89 25,364,014.69 1,591,433,459.79 1,794,159,826.65 13 21 22 14.39% 1) 2) 3) 4)

2002 10 2001.12.31 2002.12.31 : : (%) 336,146,586.13 179,586,140.52 667,809.91 515,732,726.65 667,809.91 560,000,000 92.10 0.47% 49,318,547.92 203,180,479.86 1,663,066.60 252,499,027.78 1,663,066.60 380,000,000 66.45 6.1% 20,588.80 157,016,479.77 3,162,083.28 157,037,068.57 3,162,083.28 495,000,000 31.72 0.47% 115,927,924.68 36,133,990.25 151,667,759.00 394,155.93 43,642,363.94 59,666,806.60 3,628,228.22 103,309,170.54 3,628,228.22 165,000,000 32,928,258.11 60,057,923.93 3,189,965.41 92,986,182.04 3,189,965.41 100,000,000 54,588,000.00 618,499.91 55,206,499.91 15,933,430.16 2,476,386.47 14,641,141.33 3,768,675.30 14,678,125.31 15,001,889.70 21,803,202.22 7,876,812.79 8,916,536.98 16,823,698.00 17,936,448.93 7,803,786.05 * 8,657,843.55 2,899,500.00 11,557,343.55 3,374,934.60 884,454.00 4,259,388.60 1,650,000.00 662,408.99 2,065,168.39 247,240.60 1,550,000.00 1,640,754.13 1,239,124.94 30,000.00 1,921,629.19 331,310.14 106,132.53 19,266.90 418,175.77 1,019,331.15 1,019,331.15 956,950.98 2,109,435.04 2,385,585.30 93,000.00 587,800.72 688,621,401.30 739,884,310.85 12,311,153.42 278,521,540.47 123,000.00 1,149,861,171.68 12,311,153.42 * 4 62.61 0.47% 92.99 0.47%

2002 66.98% (1) (2) 1 11 2001.12.31 2002.12.31 * 80,402,600.47 77,422,961.30 1,609,550.88 4,589,190.05 75,813,410.42 1,151,500.00 767,666.40 115,150.08 498,983.68 652,516.32 38,689.20 38,689.20 3,868.92 3,868.92 34,820.28 81,592,789.67 78,229,316.90 1,728,569.88 5,092,042.65 76,500,747.02 * 2000 8 68,672,017.87 50 65,352,870.38 47 7 12 2001.12.31 2002.12.31 11,859,836.94 8,295,510.68 1,185,983.64 4,750,309.90 7,109,527.04 72 1,653,504.95 1,214,570.43 165,350.40 604,284.92 1,049,220.03 76 792,419.11 792,419.11 19,999.20 13,000.24 1,999.92 8,998.88 11,000.32 66 680,000.40 441,999.89 68,000.04 306,000.55 373,999.85 66 5,603,151.18 3,737,899.24 1,120,630.24 2,985,882.18 2,617,269.00 28 1,571,564.16 1,520,232.16 51,332.00 314,312.83 314,312.83 1,257,251.33 48 16,015,631.75 51,332.00 3,648,696.18 12,418,267.57

2002 13 2002.12.31 2001.12.31 * 2,400,000.00 35,660,000.00 24,200,000.00 12,150,000.00 90,000,000.00 140,000,000.00 116,600,000.00 187,810,000.00 37.92% * 472 6,170.50 14 2002.12.31 2001.12.31 18,616,000.00 15 5% 5% 16 5% 5% 17 2002.12.31 2001.12.31 5 17,164,224.00 17,164,224.00 21,873,828.80 21,873,828.80 39,038,052.80 39,038,052.80

2002 18 2002.12.31 2001.12.31 6,813,449.04 17,890,700.38 297,103.15 174,587.31 699,389.74 990,087.47 * -4,010,507.39-19,841,596.76 62,888.99 440,223.33 275,807.50 428,508.22 43,330.79 180,148.74 24,285.68 134,287.63 4,205,747.50 396,946.32 * 50% 1998 12,503,215.17 19 *1 24,619,052.75 *2 12,693,421.49 9,324,232.04 8,880,528.46 8,144,867.66 *1 1 *2 50% 9 10.05 / 50% 30% 2002 9.85% 5% 5% 20 2002.12.31 2001.12.31 1,252,904.45 2,907,122.04 2,833,281.74 379,555.48 155,147.60 1,632,459.93 5,895,551.38

2002 2001 6,929,874.90 21 2002.12.31 *1 880,000.00 880,000.00 *2 9,522,000.00 9,522,000.00 10,402,000.00 10,402,000.00 5,710,000.00 5,710,000.00 6,000,000.00 6,000,000.00 11,710,000.00 11,710,000.00 22,112,000.00 22,112,000.00 *1 67 150 10.6 3,498 *2 472 6,170.50 22 2002.12.31 2001.12.31 *1 98,410,000.00 98,410,000.00 43,150,000.00 *2 382,796,050.00 229,500,000.00 153,296,050.00 369,576,850.00 ( )*3 2,252,595.76 2,252,595.76 4,161,235.24 *3 880,000.00 880,000.00 1,760,000.00 *4 9,522,000.00 9,522,000.00 19,044,000.00 *5 258,000,000.00 258,000,000.00 *6 54,000,000.00 54,000,000.00 *6 26,000,000.00 26,000,000.00 *7 100,000,000.00 100,000,000.00 931,860,645.76 778,564,595.76 153,296,050.00 437,692,085.24 *1 *2: 229,500,000.00 1998 2001 8.01%

2002 2002 5.76% *3: ( ) 377,502.60 2002 12 31 5.9671 2,252,595.76 67 150 10.6 3,498 *4: 472 6,170.50 *5 2005022109022101972 2,000,000.00 2002 12 31 24,207,479.65 2002 04 300,000,000.00 2002 12 31 110,000,000.00 *6 26,000,000.00 *7 112.90% 23 2002.12.31 2001.12.31 11,466,000.00 11,466,000.00 2004 11,466,000.00 17,162,650.54 17,162,650.54 2004-2006 28,582,650.54 7,000,000.00 6,500,000.00 500,000.00 2004 18,447,123.38 4,265,397.48 2,500,000.00 1,765,397.48 4,105,291.06 155,000.00 155,000.00 155,000.00 150,000.00 150,000.00 150,000.00 9,320,087.54 9,115,000.00 205,087.54 2010 9,115,000.00 7,650,000.00 7,650,000.00 2004 900,000.00 900,000.00 1,000,000.00 * 7,231,500.33 9,103,613.56 58,069,135.56 55,598,650.54 2,470,485.02 89,356,178.87 * 35.01%

2002 24 + - 1 85,021,616.00 85,021,616.00 : 70,938,416.00 70,938,416.00 14,083,200.00 14,083,200.00 2 133,716,672.00 133,716,672.00 3 218,738,288.00 218,738,288.00 1. 171,642,240.00 171,642,240.00 : 63,244.00-41,817.00-41,817.00 21,427.00 171,642,240.00 171,642,240.00 390,380,528.00 390,380,528.00 25 2001.12.31 2002.12.31 1,009,521,328.69 1,009,521,328.69 *1 22,907,434.61 22,907,434.61 *2 557,335.45 557,335.45 1,032,428,763.30 557,335.45 1,032,986,098.75 *1 22,723,538.88 1996 1996 5 31 1996 88 116,570.93 1997 67,324.80 1998

2002 *2 83,180.45 102,426.33 474,155.00 696,433.29 26 2001.12.31 2002.12.31 77,693,605.94 11,928,498.47 89,622,104.41 5,964,249.23 5,964,249.23 108,839,650.72 17,892,747.70 126,732,398.42 186,533,256.66 35,785,495.40 5,964,249.23 216,354,502.83 2002 12 31 55,206,499.91 44,804,672.19 2002 5,964,249.23 2001 38,840,422.96 27 2002 2001 * 280,702,508.26 198,609,507.04 293,416,789.85 246,202,424.68 119,266,151.38 84,172,636.89 63,639,947.40 61,764,805.62 22,532,141.09 22,921,491.99 779,557,537.98 613,670,866.22 * 9,893,400.41 52,755,549.11 50% 2002 [2002]315 9 282.87 / 497,827,037.82 63.86% 27.03% 1) 2002 1 2) 3) 4

2002 5) 2001 7 6 28 2002 2001 74,448,973.60 47,596,924.14 241,823,356.65 189,242,341.48 84,215,914.30 58,023,506.07 45,083,323.73 41,821,828.20 19,545,825.28 20,524,815.99 465,117,393.56 357,209,415.88 30.21% 1) 2) 3) 2002 1 4 5) 6) 2001 7 29 2002 2001 2,859,154.48 2,572,879.05 1,481,677.01 1,362,357.15 477,578.95 482,766.10 34,939.40 23,099.22 4,853,349.84 4,441,101.52 30 23.73% 1) 2002 1 2) 3)

2002 31 2002 2001 27,977,756.04 23,717,054.03 3,815,883.07 9,133,515.15 550,218.24 - : 164.66 185,345.57 162,164.67 323,999.15 24,874,091.22 14,722,192.46 68.96% 1 2 2002 1 32 2002 2001 231,610.23 5,070,000.00 2,711.31-296,692.80-127,516.36-87,548.40-87,548.40 26,519.14 514.21-58,317.95 4,790,366.88 33 2002 2001 5,641,350.00 3,240,000.00 2001 12 12 2002 2 2 [2002]48 5,641,350.00 2001 2,061,262.00

2002 34 69.66% 35 2002 33% [1996]75 1999 2001 4,017,479.57 1999 2001 2002 4,017,479.57 72.99% 1) 2001 [2000]94 33% 15% 2001 25,196,024.00 2002 33% 2) 2002 1 36 2002 2001 17,476,250.83 20,222,636.66 2,538,766.22 11,986,049.80 2,685,563.89 4,182,958.22 22,700,580.94 36,391,644.68 37 2002 2001 15,172,017.12 27,858,104.81 8,550,414.73 2,955,569.37 10,056,530.21 22,724,347.44 3,939,048.36 2,846,222.08 37,718,010.42 56,384,243.70

2002 38 1 2002.12.31 2001.12.31 (%) (%) 1 86,493,899.60 100.00 306,086.89 80,916,011.33 99.58 4,118.25 1 2 344,925.69 0.42 34,492.57 2 3 3 86,493,899.60 100.00 306,086.89 81,260,937.02 100.00 38,610.82 2002.12.31 2001.12.31 80,372,161.88 80,833,646.33 76,415,771.38 88.35% 2 2002.12.31 2001.12.31 (%) (%) 1 236,333,742.34 98.04 476,093.58 213,538,097.96 99.65 887,400.59 1 2 4,678,431.04 1.94 233,921.55 120,340.35 0.06 5,499.02 2 3 5,200.00 0.01 1,560.00 614,762.60 0.28 184,428.78 3 30,000.00 0.01 15,000.00 22,000.00 0.01 11,000.00 241,047,373.38 100.00 726,575.13 214,295,200.91 100.00 1,088,328.39 2002 188,741,390.32 2001 113,503,448.17 228,105,840.34 94.63%

2002 91,450,262.58 45,543,272.03 45,319,936.35 * B 38,785,017.12 7,007,352.26 * 135,615,521.98 2000 2004 2002 12 31 90,295,585.63 1 1% 3 2001.12.31 2002.12.31 403,114,761.51 26,923,070.22 9,003,769.91 421,034,061.82 360,000.00 4,095.85 364,095.85 6,800,000.00 6,800,000.00 766,048.59 87,548.40 678,500.19 411,040,810.10 26,927,166.07 9,091,318.31 428,876,657.86 2,544,000 8% 3,000,000.00 3,800,000.00 19%

2002 2002.12.31 17,275,487.12 52,001,171.82-1,721,474.24-34,725,684.70 81.21% 7,337,953.97 14,999,100.00-459,915.09-7,661,146.03 88.23% 6,097,535.18 5,874,515.91 629,239.16 223,019.27 60.00% 35,927,612.16 40,480,000.00-4,552,387.84-4,552,387.84 73.60% 123,893,616.86 15,806,406.04 8,646,981.79 108,087,210.82 2,186,812.29 50.00% 111,130,864.25 102,125,000.00 9,005,864.25 9,005,864.25 68.08% 113,000,000.00 113,000,000.00 86.92% 6,370,992.28 6,272,000.00 98,992.28 98,992.28 70.00% 364,095.85 360,000.00 4,095.85 4,095.85 45.00% 421,398,157.67 350,918,193.77 11,651,396.16 70,479,963.90 2,186,812.29 2001.12.31 2002.12.31 875,484.09 766,048.59 87,548.40 678,500.19 10 7 9 4 2002.12.31 2001.12.31 2002 398,419.46 2,196,998.74 11,383,413.34 318,735.57 5 2002 2001 * 221,444,951.59 198,609,507.04 30,892,899.15 33,424,348.62 252,337,850.74 232,033,855.66 * 9,893,400.41

2002 52,755,549.11 201,667,809.33 79.92% 6 2002 2001 53,751,622.19 47,596,924.14 17,937,081.68 19,278,696.92 71,688,703.87 66,875,621.06 7 2002 2001 398,419.46 1,506,552.51 5,070,000.00 13,280,873.00 3,578,868.96-87,548.40-87,548.40 13,591,744.06 10,067,873.07 39 2002 2001 1,560,148.72 4,009,701.26 5,070,000.00 7,151,160.05 * 2,061,262.00-568,684.09-1,004,441.57 3,052,726.63 15,226,419.74 * 33 40

2002 1 2 45% * 5.25% * 2002 4 19 12 20,500,000 5.25% 2002.12.31 2001.12.31 2,300,000.00 2,600,000.00 1-2 925,094.20 1

2002 2002 2001 205,600.00 6,186,529.00 2 1 3,500 2003 38,577,445.00 2 2002 3 25 3,860 31.92% 2002 12 31 3,088 2003 3 24 3,088 3 5,000 2002 12 31 2,000

2002 / 2003 2 1 86.92% 2002 3 25 106,567,575.42 57,228,522.67 49,339,052.75 2002 12 31 24,720,000.00 17,000,000.00 2 68.08% 2001 12 30 2002 1 1 3 4 2001 2002 12 31 11,557,343.55 70% 5 2002 2002 10% 5% 10% 10 1 6

2002 :

2002