2003 oo

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2003 WULIANGYE YIBIN CO.,LTD 000858 150 644007 http://www.wuliangye.com.cn 150 0831 3565878 3566858 0831 3555958 dshb-wly@tom.com http://www.cninfo.com.cn 1 1998 4 21 2 5100001808900 3 8 610041 3

2003 (%) 1 2,770,924,639.00 2,740,958,450.98 1.09 2 1,600,205,296.51 1,917,135,025.04-16.53 3 7,314,459,930.66 7,261,734,980.75 0.73 4 5,696,682,615.46 5,307,055,453.68 7.34 5 4.202 4.697-10.54 6 4.199 4.695-10.56 (%) 7 389,627,161.78 359,993,246.11 8.23 8 389,771,608.94 325,733,377.40 19.66 9 324,143,510.37 513,631,576.40-36.89 10 6.84% 7.12% -3.93 11 0.287 0.319-10.03 1 1 1,524,706.60 2 1,740,299.38 3 71,145.62-144,447.16 2 2002 112,975.20 2002 10 2 2003 4 16 2003 135,570.24 20% 1 2003 4 16 2002 10 2 135,570.24 4

2003 97,381.44 71.83% 38,188.80 28.17% 2 + - 1 811,512,000 162,302,400 162,302,400 973,814,400 811,512,000 162,302,400 162,302,400 973,814,400 2 3 4 811,512,000 162,302,400 162,302,400 973,814,400 1 318,240,000 63,648,000 63,648,000 381,888,000 2 3 4 318,240,000 63,648,000 63,648,000 381,888,000 1,129,752,000 225,950,400 225,950,400 1,355,702,400 2003 6 30 116,759 1 9 116,749 10 1 973,814,400 71.83% 2 6,115,795 0.45 3 5,288,794 0.39 4 4,212,914 0.31 5 3,126,243 0.23 6 2,767,214 0.20 7 2,717,713 0.20 8 1,998,752 0.14 9 1,973,514 0.14 10 1,659,432 0.12 5

2003 2003 4 16 2002 10 2 1 34,609 6,922 41,531 2 25,061 5,012 30,073 3 0 0 4 0 0 5 25,062 5,012 30,074 6 16,310 3,262 19,572 7 12,332 2,466 14,798 8 11,138 2,228 13,366 9 15,514 3,103 18,617 10 12,332 2,466 14,798 11 15,514 3,103 18,617 12 30,074 13 21,004 14 0 1 2 1 2003 4 15 2 2003 6 6 2003 7 18 6

2003 2003 (%) 1 3,426,815,041.89 3,462,399,215.15-1.03 2 1,130,683,566.37 1,028,919,821.86 9.89 3 389,627,161.78 359,993,246.11 8.23 4 225,491,738.33 284,884,666.33-20.85 5 7,314,459,930.66 7,261,734,980.75 0.73 6 5,696,682,615.46 5,307,055,453.68 7.34 1 1.03% (%) 2 9.89% A 1.61% B 3 8.23% 8.23% 4 20.85% 5 0.73% 3.9 6 7.34% 3.9 7

2003 8 1 2003 8.57 34.27 6.40 3.90 5.97% 1.03% 27.87% 8.23% 2

2003 3,422,267,139.67 99.87% 1,900,680,625.54 99.75% 1,864,942.65 0.05% 1,516,839.71 0.08% 2,682,959.57 0.08% 3,304,821.24 0.17% 3 1,679,554,847.95 573,400,025.72 65.86% 1,742,712,291.72 1,327,280,599.82 23.84% 3,422,267,139.67 1,900,680,625.54 44.46% 4 3,322,209,908.71 96.95% 104,605,133.18 3.05% 5 10% 99% 2,000 198,655 47,900 1 12 1 11 (%) 1 18,904 18,932 100 2 16,332.5 12,000 80 3 16,332.5 12,000 80 4 7,847 3,000 50 5 4,688 3,000 95 6 (3 ) 19,985 12,000 85 7 6 4,713 3,000 80 8 3 19,985 12,000 85 9 4,126 4,500 95 10 4,300 5,095 100 9

2003 11 4,200 2,000 95 121,413 87,527 2 2003 5 15 4.72 6 110KV 6 6 2002 : 1 5,800 50% 2 110KV 5,060 90% 3 3,800 40% 4 8,000 70% 5 18,905 85% 6 5,600 70% 47,165 2003 7 18 2002 2003 4 15 2002 10 2 2003 4 16 2003 10

2003 2003 1 9,317,482.37 846.153.84 1,347,298.73 224,059.83 671,163,485.00 61,778,523.02 66,000,000.00 35,059,699.98 34,499,051.83 2 102,061,466.52 30% 2,543,666.66 99% 11

2003 2003 6 30 2003 6 30 2002 12 31 5.1 19,044,118.61 1,561,217,592.35 56,093,698.79 1,335,725,854.02 5.2 2,313,897.82 5,927,785.00 5.3 280,062,160.00 376,468,732.00 5.4 6,416,936.28 2,926,977.69 5.5 1,038,809,698.35 24,248,360.92 648,563,705.22 14,226,681.33 5.6 1,294,471.81 294,000.00 46,973,092.11 5.7 895,371,219.82 958,709,328.83 1,057,853,816.96 2,770,924,639.00 704,951,404.01 2,740,958,450.98 : 5.8 4,558,370,565.43 3,656,600.00 5,437,065,498.70 3,656,600.00 4,558,370,565.43 3,656,600.00 5,437,065,498.70 3,656,600.00 : 5.9 65,595,536.54 4,810,993,220.02 365,209,061.59 4,536,148,941.79 27,597,015.02 1,044,280,952.54 87,436,736.93 933,675,740.68 37,998,521.52 3,766,712,267.48 277,772,324.66 3,602,473,201.11 : 470,000.00 470,000.00 37,998,521.52 3,766,242,267.48 277,772,324.66 3,602,003,201.11 5.10 699,942,718.26 700,560,718.26 843,552,644.94 844,818,644.94 906.30 3,450,286.61 737,942,146.08 4,470,253,272.35 1,121,324,969.60 4,446,821,846.05 : 5.11 61,512,930.60 69,625,419.31 62,188,403.16 70,298,083.72 61,512,930.60 69,625,419.31 62,188,403.16 70,298,083.72 : 6,415,679.459.07 7,314,459,930.66 7,325,530,275.47 7,261,734,980.75 12

2003 2003 6 30 2003 6 30 2002 12 31 : 5.12 160,787,260.09 274,372,579.01 5.13 142,691,086.62 584,725,447.90 5.14 21,367,258.97 88,327,686.08 22,485,713.04 89,692,678.32 55,413,679.03 109,578,895.15 55,139,080.55 98,152,822.01 15,606,000.00 15,606,000.00 15,606,000.00 15,606,000.00 5.15 388,380,622.45 941,464,754.42 544,012,275.84 729,957,675.30 5.16 34,694,564.71 65,809,720.35 38,188,593.53 56,757,664.53 5.17 203,534,718.45 75,939,893.80 1,343,043,158.83 67,870,157.97 718,996,843.61 1,600,205,296.51 2,018,474,821.79 1,917,135,025.04 : 5.18 2,500,000.00 22,500,000.00 2,500,000.00 22,500,000.00 : 718,996,843.61 1,602,705,296.51 2,018,474,821.79 1,939,635,025.04 15,072,018.69 15,044,502.03 : 5.19 1,355,702,400.00 1,355,702,400.00 1,129,752,000.00 1,129,752,000.00 : 1,355,702,400.00 1,355,702,400.00 1,129,752,000.00 1,129,752,000.00 5.20 1,224,343,948.32 1,224,343,948.32 1,450,294,348.32 1,450,294,348.32 5.21 582,129,940.10 854,086,763.44 523,685,865.83 719,760,715.63 194,043,313.36 284,695,587.82 174,561,955.27 239,920,238.55 5.22 2,534,506,327.04 2,262,549,503.70 2,203,323,239.53 2,007,248,389.73 5,696,682,615.46 5,696,682,615.46 5,307,055,453.68 5,307,055,453.68 6,415,679,459.07 7,314,459,930.66 7,325,530,275.47 7,261,734,980.75 13

2003 : 2003 6 30 : 2003 1-6 2002 1-6 5.23 3,426,815,041.89 1,266,112,347.26 3,462,399,215.15 5.24 1,905,502,286.49 782,863,013.39 1,936,175,378.28 5.25 390,629,189.03 465,346,460.16 497,304,015.01 1,130,683,566.37 17,902,873.71 1,028,919,821.86 5.26 1,403,881.09-17,192.39 1,300,178.24 5.27 284,300,322.06-1,958.32 321,007,216.29 18,833,208.85 220,046,772.38 32,594,857.48 221,909,407.99 5.28-155,303.90-12,127,010.28-1,190,206.73-11,645,839.70-18,677,904.95 639,867,363.30-13,517,011.11 498,949,215.52 5.29 408,305,066.73 52,424.27 375,089,727.24 1,511,721.55 1,524,706.60 5,586.00 607,230.13 1,740,299.38 280,527.04 796,621.27 389,627,161.78 639,704,194.79 361,297,775.09 500,271,545.93 5 30 250,049,516.35 1,304,528.98 126,708,958.80 27,516.66 13,569,341.02 389,627,161.78 389,627,161.78 359,993,246.11 359,993,246.11 2,203,323,239.53 2,007,248,389.73 1,768,977,797.37 1,667,814,393.32 2,592,950,401.31 2,396,875,551.51 2,128,971,043.48 2,027,807,639.43 38,962,716.18 89,550,698.54 35,999,324.61 73,575,793.58 19,481,358.09 44,775,349.27 17,999,662.31 36,787,896.83 2,534,506,327.04 2,262,549,503.70 2,074,972,056.56 1,917,443,949.02 86,904,000.00 86,904,000.00 2,534,506,327.04 2,262,549,503.70 1,988,068,056.56 1,830,539,949.02 1 2 3 4 14

2003 : 2003 6 30 : 3,663,232,080.02 155,303.90 25,045,953.91 155,303.90 3,688,278,033.93 21,155.00 2,177,238,023.34 3,507,047.65 128,449,800.12 159,125,682.21 695,200,861.11 11,980,501.37 363,245,838.99 174,634,386.23 3,364,134,523.56-174,479,082.33 324,143,510.37 26,308,143.78 210,000,000.00 8,000,000.00 211,614.42 218,000,000.00 26,519,758.20 80,570,497.85 102,523,951.22 22,647,579.02 80,570,497.85 125,171,530.24 137,429,502.15-98,651,772.04 : -37,049,580.18 225,491,738.33 15

2003 : 2003 6 30 : 1 ( - ) 389,627,161.78 389,627,161.78 ( - ) 27,516.66-128,760.97-2,167,668.17 7,762,559.01 113,461,866.71 675,472.56 1,501,076.41 13,728.15 1,676,945.26-408,305,066.73 1,959,239.02 63,365,352.92-3,927,867.46 128,702,315.09-160,182,580.52-377,422,808.32 3,398,784.86-174,479,082.33 324,143,510.37 2 3 19,044,118.61 1,561,217,592.35 56,093,698.79 1,335,725,854.02-37,049,580.18 225,491,738.33 16

2003 : 2003 6 30 : 6,934,958.12 128,760.97 6,806,197.15 3,542,814.65 3,542,814.65 3,392,143.47 128,760.97 3,263,382.50 2,322,654.51 2,011,663.29 310,991.22 2,322,654.51 2,011,663.29 310,991.22 21,060,405.75 27,243.91 21,033,161.84 5,240,300.00 27,243.91 5,213,056.09 150,000.00 150,000.00 150,000.00 150,000.00 470,000.00 470,000.00 17

2003 ( ) 1997 8 19 (1997)295 1998 3 27 8,000 1999 9 99 1999 6 30 32,000 10 5 48,000 [2001]6 3,120 51,120 2001 8 24 2001 10 4 3 35,784 86,904 2002 4 5 2001 10 1 2 0.25 26,071.20 112,975.20 2003 4 16 2002 10 2 135,570.24 : 97,381.44 71.83% 38,188.80 28.17% ( ) ; 1 2 1 1 12 31 18

2003 3 4, 5 6 7 8 9 A 19

2003 20 B, A 1 5% B 1-2 10% C 2-3 15% D 3 20% 100% 10 " ",, ( ) 11 20% 20% 20% 20% 20% 20% 50%( 50%) 10 10 ( )

2003,, ;, 12 13 2,000 2,000 2 30% 30% 30%, ( 3%) 25-30 3.88-3.23% 10-12 9.70-8.08% 8 12.13% 6 16.17% 6 16.17% 21

2003 22 A B C D E 14 A 3 B C 15 A B C 16

2003 A B C D A B C 17 18 19 20 21 : << >> ; 22 (1996)2 23

2003 1 17%( ) 25%( 10% ) 7% 3% 2 33% 3 1 20,000,000.00 50,456,006.41 99% 14,000,000.00 46,563,197.39 97% 50,000,000.00 ( ) 2,000,000.00 5,000,000.00 3,000,000.00 47,500,000.00 95% 1,020,000.00 51% 4,500,000.00 90% 2,700,000.00 90% 80,000,000.00 3,375,729,567.45 99% 2 ( 2003 6 30 2002 12 31 ) 5,186.05 18,519.63 1,417,323,478.07 1,196,451,059.69 * 143,888,928.23 139,256,274.70 1,561,217,592.35 1,335,725,854.02 24

2003 1 * - 2 2,624,889.04 310,991.22 8,250,439.51 2,322,654.51 2,624,889.04 310,991.22 8,250,439.51 2,322,654.51 68.18% - 2,624,889.04 2,313,897.82 310,991.22 3 376,468,732.00 280,062,160.00, 4 (%) (%) 4,828,259.66 48.48 32,355.23 647,106.00 10.00 32,355.23 3,162.88 0.03 1,462.50 14,625.01 0.23 1,462.50 934,451.09 9.38 13,166.25 87,775.00 1.36 13,166.25 4,193,877.29 42.11 3,495,830.66 5,720,286.32 88.41 3,495,830.66 9,959,750.92 100.00 3,542,814.64 6,469,792.33 100.00 3,542,814.64 5%( 5%) 4,199,595.35 3 580,991.25 1 (7 8 ) 529,823.24 1 2 366,240.19 1 7 9 322,435.00 1 7 10 5,999,085.03 5 60.23% 53.94 % 5 25

2003 % % 12,543,734.01 45.59 322,292.38 6,445,847.76 36.59 322,292.38 8,816,624.67 32.05 541,145.47 5,411,454.65 30.71 541,145.47 891,122.27 3.24 70,944.70 472,964.66 2.68 70,944.70 5,260,262.47 19.12 2,328,999.95 5,288,557.73 30.02 2,457,760.92 27,511,743.42 100.00 3,263,382.50 17,618,824.80 100.00 3,392,143.47 56.15% 5%( 5%) 5,616,624.67 1 5,411,227.22 1 3,000,000.00 3 1,355,144.78 1 2 1,000,000.00 1 2 16,382,996.67 5 59.55% 6 % % 1,294,471.81 100.00 46,818,048.89 99.67 155,043.22 0.33 1,294,471.81 100.00 46,973,092.11 100.00 5%( 5%) 7 28,409,808.34 16,375,747.65 13,460.00 807,700.70 108,561,410.14 102,674,374.53 52,232,839.76 5,240,300.00 89,614,370.20 5,240,300.00 669,829,440.94 694,363,435.41 53,017,748.86 15,792,861.84 73,289,014.72 15,820,105.75 26

2003 4,339,673.62 2,644,269.23 822.14 916,404,381.66 21,033,161.84 979,769,734.58 21,060,405.75 6.47% 8 3,806,600.00 150,000.00 3,806,600.00 150,000.00 3,806,600.00 150,000.00 3,806,600.00 150,000.00 380,000.00 10.71% 150,000.00 3,300,000.00 10.00% 0.00 2.50% 126,600.00 3,806,600.00 150,000.00-150,000 9 * 3,006,842,825.33 103,608,003.57 2,344,629.56 3,108,106,199.34 801,387,313.23 172,578,699.38 2,274,883.65 971,691,128.96 230,278,919.31 4,876,483.36 2,510,833.00 232,644,569.67 23,280,662.74 1,333,328.28 24,613,991.02 474,359,221.18 925,505.60 1,347,395.75 473,937,331.03 4,536,148,941.79 283,322,020.19 8,477,741.96 4,810,993,220.02 6.06% * 453,910,430.43 33,364,533.27 394,653.30 486,880,310.40 198,815,465.18 41,737,375.93 521,287.09 240,031,554.02 27

2003 90,075,978.76 9,444,110.86 871,187.96 98,648,901.66 10,307,347.32 1,575,721.73 11,883,069.05 180,566,518.99 27,469,673.69 1,199,075.27 206,837,117.41 933,675,740.68 113,591,415.48 2,986,203.62 1,044,280,952.54 3,602,473,201.11 3,766,712,267.48 470,000.00 470,000.00 470,000.00 470,000.00-470,000.00 10 (%) 5 29000 88,778,365.81 23,835,647.55 64,942,718.26 100 12 16332.5 120,000,000.00 120,000,000.00 80 7847 30,000,000.00 30,000,000.00 50 10 18904 159,774,279.13 29,546,688.49 189,320,967.62 100 11 16332.5 120,000,000.00 120,000,000.00 80 4688 30,000,000.00 30,000,000.00 95 19985 120,000,000.00 120,000,000.00 85 6 4713 30,000,000.00 30,000,000.00 80 3 19985 120,000,000.00 120,000,000.00 85 4126 25,000,000.00 20,000,000.00 45,000,000.00 95 422 1,266,000.00 648,000.00 618,000.00 60 4300 50,946,391.30 50,946,391.30 100 4200 20,000,000.00 20,000,000.00 95 150835 844,818,644.94 120,493,079.79 264,751,006.47 700,560,718.26 11 51,965,662.84 47,120,334.24 519,056.62 5,364,385.22 46,601,277.62 45.2 15,641,594.00 15,068,068.92 156,415.94 729,941.02 14,911,652.98 46.3 28

2003 7,917,931.79 7,429,659.44 79,179.30 567,451.65 7,350,480.14 47.6 792,010.00 680,021.12 680,021.12 792,010.00 768,412.00 768,412.00 6,403.43 6,403.43 762,008.57 9.11 60 000.00 60 000.00 60 000.00 60 000.00 77,145,610.63 70,298,083.72 828,412.00 1,501,076.41 7,520,191.32 69,625,419.31 12 5%( 5%) 160,787,260.09 274,372,579.01 41.40% 13 5%( 5%) 584,725,447.90 142,691,086.62 1 14 89,692,678.32 88,327,686.08 15 275,700,235.78 235,824,431.22 17% 735.00 5% 33,368,109.96-28,098,695.92 33% 114,464,771.54 92,042,793.34 7% 514,554,602.21 428,156,671.15 25%+1 / 1,320.00 460.00 3,345,199.82 2,000,765.40 1.20% 30,515.11 30,515.11 941,464,754.42 729,957,675.30 28.97% 16 10,315,815.14 10,315,815.14 4% 55,246,997.56 46,437,578.31 3% 246,907.65 4,271.08 1% 65,809,720.35 56,757,664.53 15.95 % 17 29

2003 67,870,157.97 75,939,893.80 11.89% 5%( 5%) 40,493,079.79 1 7,178,820.80 1 1,000,000.00 1 1,000,000.00 1 1,000,000.00 1 50,671,900.59 18 2,500,000 - ( ) 19 + - 1 811,512,000 162,302,400 162,302,400 973,814,400 : 811,512,000 162,302,400 162,302,400 973,814,400 2 3 4 811,512,000 162,302,400 162,302,400 973,814,400 1 318,240,000 63,648,000 63,648,000 381,888,000 2 3 4 318,240,000 63,648,000 63,648,000 381,888,000 1,129,752,000 225,950,400 225,950,400 1,355,702,400 2002 10 2 [2003]14 30

2003 20 1,450,223,254.00 225,950,400.00 1,224,272,854.00 71,094.32 71,094.32 1,450,294,348.32 225,950,400.00 1,224,343,948.32 2002 : 10 2 21 479,840,477.08 89,550,698.54 569,391,175.62 239,920,238.55 44,775,349.27 284,695,587.82 719,760,715.63 134,326,047.81 854,086,763.44 10% 5% 22 2,007,248,389.73 389,627,161.78 89,550,698.54 44,775,349.27 2,262,549,503.70 38.78% 23 3,422,267,139.67 3,462,399,215.15 1,864,942.65 2,682,959.57 3,426,815,041.89 3,462,399,215.15 5 1,328,916,299.05 24 1,900,680,625.54 1,936,175,378.28 1,516,839.71 3,304,821.24 1,905,502,286.49 1,936,175,378.28 31

2003 25 + 7.00% 41,259,930.56 + 3.00% 17,682,827.41 25.00% 1 / 331,686,431.06 390,629,189.03 390,629,189.03 497,304,015.01 21.45% : 26 1,997,685.03 406,797.74 1,590,887.29 10,000.00 570.00 9,430.00 536,100.33 732,536.53-196,436.20 2,543,785.36 1,139,904.27 1,403,881.09 27 321,007,216.29 284,300,322.06 11.43%, 28 12,136,613.08 11,649,453.24 9,602.80 3,613.54-12,127,010.28-11,645,839.70 29-1,959,239.02 2,011,663.29 30 52,424.27 33%, 33% 211,102,384.28, 38,947,132.07, 250,049,516.35 ( 2003 6 30 2002 12 31 ) 32

2003 1 % % 1,038,638,624.75 99.98 648,305,626.26 99.93 800.00 80.00 40,103.16 0.01 4,010.32 212,942.00 0.02 42,588.40 389,405.17 0.06 167,419.05 1,038,852,366.75 100.00 42,668.40 648,735,134.59 100.00 171,429.37 5% 5 393,895,364.70 1 ( )227,500,000.00 1 129,206,278.05 1 119,498,615.59 1 102,788,477.45 1 972,888,735.79 3 ; 988,249,561.48 99% 201,580,636.51 97% ( ) 60,251,509.63 95% 11,039,853.48 51% 2,361,682.64 90% 2,880,286.71 90% 3,292,007,034.98 99% 4,558,370,565.43 5,437,065,498.70 408,305,066.73 1,287,000,000.00 4,558,370,565.43 5,437,065,498.70 408,305,066.73 1,287,000,000.00 4,558,370,565.43 33

2003 4 1,266,112,347.26 782,863,013.39 1,266,112,347.26 782,863,013.39 5 408,305,066.73 408,305,066.73 1 ( ) 2 ( ) 403,690,000.00 403,690,000.00 20,000,000.00 20,000,000.00 14,000,000.00 14,000,000.00 ( ) 50,000,000.00 50,000,000.00 2,000,000.00 2,000,000.00 5,000,000.00 5,000,000.00 3,000,000.00 3,000,000.00 80,000,000.00 80,000,000.00 3 ( : ): 19,800,000.00 99% 19,800,000.00 99% 34

2003 13,580,000.00 97% 13,580,000.00 97% ( ) 47,500,000.00 95% 47,500,000.00 95% 1,020,000.00 51% 1,020,000.00 51% 4,500,000.00 90% 4,500,000.00 90% 2,700,000.00 90% 2,700,000.00 90% 79,200,000.00 99% 79,200,000.00 99% 4 : 5 9,317,482.37 846,153.84 1,347,298.73 224,059.83 671,163,485.00 61,778,523.02 66,000,000.00 35,059,699.98 34,499,051.83 6 102,061,466.52 2,543,666.66 30% 99% 7 5 10 11 12 6 35

2003 3 80,000,000.00 ; 264,751,006.47 110KV 6, 8-5,616,624.67-5,411,227.22-1,000,000.00-124,700.27 15,262.47-40,493,079.79-2,500,000.00 1 2003 4 8 2003 1 1 2003 12 31 1.27% 14 3 1500 1.2 3 1400 1.2 36

2003 1300 66,000,000.00 1998 3 25 2 2003 4 8 507 513 515 517 607 724,958.17 4,086.34 2,043.17 3 2003 4 8 27,121.32 2,925.60 1,462.80 4-624,424.52 2001 73 2002 2 27 2002 010 2001-819.96 2003 6 30 100,2003 7 20, 37

2003 2003 8 8 38