00

00 3 3 4 5 7 8 9 9 11 12 14 64 2

() : TONGHUA GOLDEN-HORSEPHARMACEUTICALINDUSTEYCO.Ltd TONGHUA GOLDEN-HORS () () 100-1 0435-3910232 0435-3907298 thjmjt@163.com () 100-1 100-1 134001 www.thjm.cn THJMJT@163.COM () WWW.cninfo.com.cn () ST 000766 () : 1993 2 26 :2001 12 3 :2200001030130 :220503244575134 1138 3

() 8,623,402.71 8,476,142.85 3,892,151.23 81,001,481.73-32,584.27 5,207,541.76 3,581,333.85 0.00-165,472.90 35,735,307.48 22,087,409.88 247,675.19 3,581,409.29 ( ) 1,168,055.23 413,148.09 4,583,991.62 () 2005 2004 2003 () 141,152,722.37 99,872,056.72 41.33 136,896,528.72 8,623,402.71-284,775,366.14 103.03-194,725,128.44 8,476,142.85-245,679,276.25 103.45-194,269,818.24 0.019-0.55 103.47-0.43 2004 2003 (%) 1,106,771,435.03 1,091,068,074.77 1.44 1,440,920,236.45 45,260,252.10 36,636,873.57 23.54 294,421,297.53 0.10 0.08 21.95 0.66-0.35-0.37 0.05 0.51 % 18.73% -670.58 689.31% -65.98 8.60% -639.21 647.81% -60.97 0.080 0.04 86.05% 0.20 4

449,016,276.00 416,204,645.48 72,432,072.59 36,216,036.00-898,145,974.38 36,636,873.57 8,476,142.85 8,476,142.85 449,016,276.00 416,204,645.48 72,432,072.59 36,216,036.00-889,669,831.53 45,260,252.10 % % / / 81,001,481.73 178.97 197.81 0.18 0.18 5,207,541.76 11.51 12.72 0.01 0.01 8,476,142.85 18.73 20.70 0.02 0.02 3,892,151.23 8.60 9.50 0.01 0.01 () +- 164,082,276 36.54 164,082,276 36.54 1 127,047,276 28.29 127,047,276 28.29 102,695,076 22.87 102,695,076 22.87 24,352,200 5.42 24,352,200 5.42 0 0.00 0 0.00 0 0.00 0 0.00 2 37,035,000 8.25 37,035,000 8.25 3 0 0.00 0 0.00 4 0 0.00 0 0.00 284,934,000 63.46 284,934,000 63.46 1 284,934,000 63.46 284,934,000 63.46 2 0 0.00 0 3 0 0.00 0 4 0 0.00 0 449,016,276 100.00 449,016,276 100.00 () 5

1 2 3 () 102,389 117,993,276 26.28 44,015,400 9.80 2,073,600 0.46 6 +197200 619,200 0.14 610,000 0.14 542,580 0.12 519,700 0.12 500,000 0.11 475,000 0.11 470,000 0.10 619,200 A 610,000 A 542,580 A 519,700 A 500,000 A 475,000 A 470,000 A 451,000 A 450,100 A 448,600 A ABH () 5 11 1995 1 8 5082

1 117993276 26.28 449016276 () 1 53 2004.5-2007.5 0 3.60 54 2004.5-2007.5 0 2.52 49 2004.5-2007.5 0 2.52 49 2004.5-2007.5 0 1.20 58 2004.5-2007.5 0 1.20 41 2004.5-2007.5 200,000 1.92 38 2004.5-2007.5 4,500 2.20 46 2004.5-2007.5 0 1.32 33 2004.8-2007.8 0 2.52 44 2004.5-2007.5 0 2.52 41 2004.52007.5 0 2.20 200,000 5 2000 2001 10 2000 2001 10 2000 2001 2003 2000 2001 2000 2001 7

2000 2001 10 2000 2002 2000 2000 2001 2000 2004 2000 2002 1 2 23.72 3 1.20 1022 513 275 80 23 131 28 2005 2005 1 4 4 4 4 8

2 2 1 2 3, 4 5 4 20 2004 5 27 2003 84925.00 2005 4000 OTC () 1 1,41 5.27 58,776.39 57.39% 41.33% 18.26% 63.68% 3,403.35 557.88 83.61% -8.27% 9.26% -2.63% 1,854.64 438.06 76.38% -0.29% 19.02% -3.84% 9

2,716.85 1,958.03 27.93% 93.96% 78.83% 6.09% 2 986.51 21.18% 1,051.13 3.84% 1,187.80 79.13% 1,786.64 55.37% 1,571.59 40.52% 6,137.10 40.94% 1,394.50 9.40% 14,115.27 41.33% () 3884 2005 14,927,509.27 147,235.68 () 26,931,528.98 44.63% () 10,340,964.20 7.33% () () 62 80 88 () 1 2 15% OTC 20 2 3 3 4 2005 2006 () 1 10

2 () () 1 2005 3 31 2005 4 4 2005 4 21 2005 4 22 2005 8 10 2005 8 12 2005 10 24 2005 10 25 2 2004 () 2005 ( ) 2005 ( ) () 2005 3 31 2005 4 4 2005 8 10 2005 8 12 () 2005 11

2005 1999 78 390 04 0.0816 31.824 300-50 () () 78 390 04 0.0816 31.824 300-50 1999.12.26 1526.00 1999.12.26 2000.12.25 0.00 0.00 1526.00 33.72 1,526.00 12

70% 0.00 50% 0.00 1526.00 1999 12 26 1,526 2002 12 25 2001 2003 2001 26 1,613.20 3,117,620.00 2003 2004 13014380.00 1 3,891 1,789 1,526 2005 12 31 312 3891 3891 3891 3891 0.00 0.00 2 3891 3891 3891 3891 0.00 0.00 13

2004 8 5931 3891 2006 10 3891 1 21694 16113 5581 2 84925.00 2005 4000 1 2 6 30 () () 8 30 100% 25 100% 14

2006 [2091] 2005 12 31 2005 2005 2005 12 31 2005 15

2005123120041231 2005123120041231 : : 1 27,189,665.72 5,349,020.36 13 849,250,000.00 1,863,492.16 14 38,983,029.80 26,940,124.27 15 55,327,963.72 70,949,364.35 40,323.10 2 100,177,529.25 98,985,351.97-2,763,321.69-2,170,405.54 3 230,540,204.95 297,687,166.00 16 10,269,085.53 10,269,085.53 4 44,510,912.86 20,791,088.98 17 21,097,059.65 17,886,741.96 5 81,689,860.69 81,689,860.69 634,545.47 281,554.70 6 42,778,764.95 16,195,825.60 18 48,848,004.59 47,734,471.97 7 14,625.73 12,941.26 19 20,235,560.86 20 12,914,380.00 13,014,380.00 528,765,056.31 520,711,254.86 185,310,747.07 1,054,431,201.20 : : 8 183,783.47 94,000.00 183,783.47 94,000.00 21 875,100,435.86 22 1,100,000.00 : 9 245,152,732.41 230,482,894.10 876,200,435.86 : 9 78,084,851.36 65,971,287.98 : 167,067,881.05 164,511,606.12 9 18,561,757.20 18,561,757.20 1,061,511,182.93 1,054,431,201.20 148,506,123.85 145,949,848.92 10 8,378,020.19 879,068.64 : 156,884,144.04 146,828,917.56 23 449,016,276.00 449,016,276.00 : 11 21,573,573.01 20,506,297.65 449,016,276.00 449,016,276.00 24 416,204,645.48 416,204,645.48 12 399,364,878.20 402,927,604.70 25 108,648,108.59 108,648,108.59 420,938,451.21 423,433,902.35 : 36,216,036.00 36,216,036.00 : -38,938,946.44-39,086,182.12 26-889,669,831.53-898,145,974.38 45,260,252.10 36,636,873.57 1,106,771,435.03 1,091,068,074.77 1,106,771,435.03 1,091,068,074.77 * 16

2005 2004 27 141,152,722.37 99,872,056.72 27 58,776,398.66 49,700,332.74 28 1,374,841.98 485,276.87 81,001,481.73 49,686,447.11 29-32,584.27 63,348.48 30 34,757,315.07 92,253,315.38 31 35,459,584.72 182,599,073.47 32 5,544,455.91 48,179,088.68 5,207,541.76-273,281,681.94 33 3,581,333.85-1,743,560.71 0.00 730,000.00 34 247,675.19 14,962.02 35 413,148.09 10,495,085.51 8,623,402.71-284,775,366.14 24.18 0.00-9,907.77 36-147,235.68 39,086,182.12 8,476,142.85-245,679,276.25 * 17

2005 2004 8,476,142.85-245,679,276.25-898,145,974.38-652,466,698.13-889,669,831.53-898,145,974.38-889,669,831.53-898,145,974.38-889,669,831.53-898,145,974.38 * - - 18

2005 137,008,225.55 37 162,320,825.13 299,329,050.68 66,566,766.10 8,339,746.32 13,713,237.78 38 174,973,993.00 263,593,743.20 35,735,307.48 3,900,000.00 3,900,000.00 17,547,897.60 17,547,897.60-13,647,897.60 22,087,409.88 * 19

2005 8,476,142.85 147,235.68-1,168,055.23 12,212,607.99 2,251,099.64 3,562,726.50 5,614,875.00-3,581,333.85-26,582,939.35 44,586,839.40-9,783,891.15 35,735,307.48 27,189,665.72 39 5,102,255.84 22,087,409.88 * 20

2005 1 449,016,276.00 2 3 4 5 6 10 15 449,016,276.00 16 416,204,645.48 17-18 19 20 21 22 23 30-40 41 45 416,204,645.48 46 72,432,072.59 47 48 49 50 51 52 53 54-55 56 57 58 62 72,432,072.59 63 72,432,072.59 64 65 66 36,216,036.00 67 68 70-71 75 36,216,036.00 76-898,145,974.38 77 8,476,142.85 78 80-889,669,831.53 * 21

2005 167,339,709.13-1,168,055.23 419,923.93 419,923.93 165,751,729.97 9,812,664.09 985,371.35 334,660.93 334,660.93 10,463,374.51 157,527,045.04-2,153,426.58 85,263.00 85,263.00 155,288,355.46 480,000.00 480,000.00 480,000.00 480,000.00 480,000.00 480,000.00 1,729,882.54 1,729,882.54 1,729,882.54 1,729,882.54 18,561,757.20 18,561,757.20 18,561,757.20 18,561,757.20 280,900,000.00 280,900,000.00 280,900,000.00 469,011,348.87-1,168,055.23 281,799,923.93 281,799,923.93 186,043,369.71 * 22

2005 1 1-2,632,728.16 2 2 22,912,501.79 3 4 278,840.24 5 6 7 3 8 12,361,140.51 9 10 11 12 8,197,473.36 13 59,200.57 14 4 15-59,200.57 1 16 4,322,851.12 2 17 8,197,473.36 3 18 10,040,431.14 4 20 2,479,893.34 * 23

20051231 20041231 2005123120041231 : : 26,206,033.76 3,919,675.43 849,250,000.00 1,863,492.16 37,210,160.25 21,580,395.87 49,312,529.36 65,385,516.90 1 56,339,667.34 50,975,624.55-3,286,355.92-2,786,224.72 2 338,609,386.67 412,055,130.81 10,269,085.53 10,269,085.53 44,168,279.19 20,250,146.15 8,168,556.88 5,667,910.78 74,517,308.14 74,517,308.14 474,766.48 129,393.99 36,595,849.12 9,827,877.27 42,136,211.94 39,433,005.12 20,235,560.86 578,300,016.38 571,545,762.35 144,284,954.52 1,009,164,644.33 : : 3 142,972.80 2,012.69 142,972.80 2,012.69 875,100,435.86 800,000.00 : 158,203,698.48 142,786,428.43 875,900,435.86 : 59,923,044.42 51,775,995.64 : 98,280,654.06 91,010,432.79 1,020,185,390.38 1,009,164,644.33 98,280,654.06 91,010,432.79 8,378,020.19 863,514.60 : 106,658,674.25 91,873,947.39 449,016,276.00 449,016,276.00 : 19,918,047.29 18,538,372.89 449,016,276.00 449,016,276.00 416,204,645.48 416,204,645.48 399,364,878.20 402,927,604.70 94,472,826.66 94,472,826.66 419,282,925.49 421,465,977.59 : 31,490,942.02 31,490,942.02 : -875,494,549.60-883,970,692.45 84,199,198.54 75,723,055.69 1,104,384,588.92 1,084,887,700.02 1,104,384,588.92 1,084,887,700.02 * 24

2005 2004 4 119,498,213.21 84,214,382.70 4 48,661,789.59 29,334,693.84 1,151,241.67 573,056.79 69,685,181.95 54,306,632.07-45,803.24 63,348.48 30,825,405.08 79,858,150.94 28,676,811.36 132,401,380.53 5,555,575.44 47,474,278.23 4,581,586.83-205,363,829.15 5 4,040,960.11-30,876,116.36-730,000.00 247,675.19 5,909.06 394,079.28 10,175,239.80 8,476,142.85-245,679,276.25 - - 8,476,142.85-245,679,276.25 * 25

2005 2004 8,476,142.85-245,679,276.25-883,970,692.45-638,291,416.20-875,494,549.60-883,970,692.45-875,494,549.60-883,970,692.45-875,494,549.60-883,970,692.45 * 26

2005 120,308,849.45 162,015,168.28 282,324,017.73 61,621,943.00 6,558,023.35 11,726,934.76 166,767,894.29 246,674,795.40 35,649,222.33 3,900,000.00 3,900,000.00 17,262,864.00 17,262,864.00-13,362,864.00 22,286,358.33 * 27

2005 8,476,142.85-704,045.52 8,147,048.78 1,948,325.60 3,562,726.50 5,614,875.00-26,767,971.85 43,004,121.67-7,632,000.70 35,649,222.33 26,206,033.76 3,919,675.43 22,286,358.33 * 28

2005 1 449,016,276.00 2 3 4 5 6 10 15 449,016,276.00 16 416,204,645.48 17-18 19 20 21 22 23 30-40 41 45 416,204,645.48 46 62,981,884.64 47 48 49 50 51 52 53 54 55 56 57 58 62 62,981,884.64 63 62,981,884.64 64 65 66 31,490,942.02 67 68 70 71 75 31,490,942.02 76-883,970,692.45 77 8,476,142.85 78 80-875,494,549.60 * 29

2005 142,994,409.31-704,045.52 142,290,363.79 4,111,425.34 1,224,813.59 5,336,238.93 138,882,983.97-1,928,859.11 136,954,124.86 1,729,882.54 1,729,882.54 1,729,882.54 1,729,882.54 280,900,000.00 280,900,000.00 280,900,000.00 425,624,291.85-704,045.52 280,900,000.00 280,900,000.00 144,020,246.33 * 30

2005 1 1-2,631,740.12 2 2 20,305,706.22 3 4 250,336.15 5 6 7 3 8 11,944,293.95 9 10 11 12 5,980,008.30 13 37,642.65 14 4 15-37,642.65 1 16 454,795.25 2 17 5,980,008.30 3 18 8,373,278.03 4 20-1,938,474.48 * 31

1993 2 [1993]12 1997 4 4,000 1999 1999 518 2001 1 12 2200001030130 100-1 1 2 1 1 12 31 3 4 5 32

33 6 7 1 2 10% 8 1 a b 2 3 % 1 6 1 2 8

2 3 12 3 4 20 4 5 50 5 100 9 1 2 3 10 1 2 20% 20% 20% 20% 20% 3 [2003]10 4 5 6 a b 34

c d e a b c d (7) 11 1 2,000.00 2 3 4 5% 20-45 5% 2.11-4.75% 10-14 5% 6.79-9.50% 6-12 5% 7.92-15.83% 5 a b c d 35

36 e 6 12 a 3 b c 13 1 10 2 a b c a b c d

37 14 1 2 15 50 16 1 2 3 4 17 1

38 2 3 18 19 1 199511 962 2 50% 50% 1 17% 2 7% 3 3% 4 33%

38,844,000.00 100.00% 1 3,498,000.00 100.00% 2 8-1 5,000,000.00 22.00% 1 2 2005 9 78% 22% 1 27,189,665.72 5,349,020.36 2005.12.31 2004.12.31 17,244.51 29,658.12 27,172,421.21 5,319,362.24 27,189,665.72 5,349,020.36 4.08 2 A 2005.12.31 2004.12.31 % % % % 50,905,751.69 46.01 3,054,345.10 6 47,851,406.59 52,691,469.09 48.40 3,161,488.15 6 49,529,980.94 21,696,774.13 19.61 1,735,741.93 8 19,961,032.20 25,406,361.99 23.40 2,032,508.97 8 23,373,853.02 24,179,855.15 21.85 2,901,582.62 12 21,278,272.53 22,359,487.81 20.60 2,683,138.54 12 19,676,349.27 13,858,522.79 12.53 2,771,704.86 20 11,086,817.93 7,701,705.11 7.10 1,540,341.02 20 6,161,364.09 50 487,609.30 0.40 243,804.65 50 243,804.65 100 151,382.76 0.10 151,382.76 100 0.00 110,640,903.76 100.00 10,463,374.51 100,177,529.25 108,798,016.06 100.00 9,812,664.09 98,985,351.97 B 2005.12.31 2004.12.31 39

16,661,459.17 15.06% 15,701,876.37 14.43% C 5% 5% 3 A 2005.12.31 2004.12.31 % % % % 111,819,876.94 28.98 3,709,192.62 6 108,110,684.32 83,293,760.39 18.30 4,997,625.62 6 78,296,134.76 63,735,105.57 16.52 5,098,808.45 8 58,636,297.12 20,668,324.92 4.54 5,572,047.63 8 15,096,277.29 20,814,801.13 5.39 1,986,656.79 12 18,828,144.34 16,933,662.07 3.72 6,588,198.08 12 10,345,463.99 17,341,818.05 4.49 11,869,653.75 20 5,472,164.30 315,387,686.37 69.28 122,902,477.96 20 192,485,208.41 153,767,005.60 39.86 114,274,090.73 50 39,492,914.87 2,928,163.09 0.64 1,464,081.55 50 1,464,081.55 18,349,953.12 4.76 18,349,953.12 100 16,002,614.20 7.45 16,002,614.20 100 0.00 385,828,560.41 100.00 155,288,355.46 230,540,204.95 455,214,211.04 100.00 157,527,045.04 297,687,166.00 B 2005.12.31 2004.12.31 217,715,732.66 56.43% 335.219,346.44 73.64% C 55,815,732.66 54,890,278.40 1 50,000,000.00 2 38,909,721.60 18,100,000.00 1 2005 5000 2005 12 2 20058 22005 4 14 2005 4 14 40

D 5% 5% 38,909,721.60 17,890,897.46 E 75,963,208.78 4 A 2005.12.31 % 2004.12.31 % 32,044,505.47 71.99 6,113,211.19 29.41 5,981,514.19 13.44 6,981,804.17 33.58 1,236,029.41 2.78 990,294.30 4.76 5,248,863.79 11.79 6,705,779.32 32.25 44,510,912.86 100.00 20,791,088.98 100.00 B 5% 5% C 1 12,466,407.39 5 2005.12.31 2004.12.31 7,172,552.55 7,172,552.55 74,517,308.14 74,517,308.14 81,689,860.69 81,689,860.69 6 2005.12.31 2004.12.31 11,963,203.04 11,963,203.04 4,839,163.47 480,000.00 4,359,163.47 14,106,597.30 14,106,597.30 5,069,055.07 5,069,055.07 9,027,153.41 9,027,153.41 887,430.73 887,430.73 4,590,764.39 4,590,764.39 3,463,812.07 3,463,812.07 21,435.75 21,435.75 41

3,091,046.81 3,091,046.81 2,046,446.57 2,046,446.57 348,481.94 348,481.94 42,778,764.95 42,778,764.95 16,675,825.60 480,000.00 16,195,825.60 A2005 480,000.00 B2005 156.54% 2005 7 2004.12.31 2005.12.31 12,941.26 37,851.18 36,166.71 14,625.73 12,941.26 37,851.18 36,166.71 14,625.73 8 A 2004.12.31 2005.12.31 1 94,000.00 94,000.00 94,000.00 94,000.00 94,000.00 94,000.00 94,000.00 94,000.00 2 1,729,882.54 1,729,882.54 0.00 89,783.47 1,819,666.01 1,729,882.54 89,783.47 1,729,882.54 1,729,882.54 0.00 1,729,882.54 1,729,882.54 0.00 89,783.47 89,783.47 89,783.47 42

1,823,882.54 1,729,882.54 94,000.00 89,783.47 1,913,666.01 1,729,882.54 183,783.47 B % 2.09 94,000.00 94,000.00 94,000.00 100.00 3,498,000.00 1,729,882.54-1,768,117.46 1,729,882.54 22% 5,000,000.00 89,783.47-4,910,216.53 89,783.47 8,592,000.00 1,823,882.54 89,783.47-6,678,333.99 1,913,666.01 2004.12.31 2005.12.31 1,729,882.54 1,729,882.54 1,729,882.54 1,729,882.54 C 0.41% D 200416 1,729,882.54 E 100% 2005 9 78% 22% 9 2004.12.31 2005.12.31 140,110,285.34 3,454,264.00 107,283.00 143,457,266.34 13,183,021.71 11,017,735.33 220,994.00 23,979,763.04 77,189,587.05 1,450,605.22 924,489.24 77,715,703.03 43

230,482,894.10 15,922,604.55 1,252,766.24 245,152,732.41 2004.12.31 2005.12.31 26,917,376.05 3,740,806.09 24,396.20 30,633,785.94 4,960,544.50 5,488,103.13 38,767.47 10,409,880.16 34,093,367.43 2,983,698.77 35,880.94 37,041,185.26 65,971,287.98 12,212,607.99 99,044.61 78,084,851.36 2004.12.31 2005.12.31 113,192,909.29 112,823,480.40 8,222,477.21 13,569,882.88 43,096,219.62 40,674,517.77 164,511,606.12 167,067,881.05 2004.12.31 2005.12.31 18,561,757.20 18,561,757.20 18,561,757.20 18,561,757.20 2004.12.31 2005.12.31 94,631,152.09 94,261,723.20 8,222,477.21 13,569,882.88 43,096,219.62 40,674,517.77 145,949,848.92 148,506,123.85 524,771.64 10 44

2004.12.31 2005.12.31 5,000.00 5,000.00 15,554.04 15,554.04 1,700 509,217.60 509,217.60 ( ) 158,673.00 3,000.00 161,673.00 17.73 195,624.00 7,751,613.19 7,947,237.19 264,110.00 264,110.00 879,068.64 8,023,723.19 524,771.64 8,378,020.19 11 2004.12.31 2005.12.31 1,200,000.00 570,000.00 120,000.00 450,000.00 39 7,651,326.16 4,757,405.19 515,603.95 4,241,801.24 46 3,991,407.00 1,729,609.28 285,100.56 1,444,508.72 46 1,931,379.00 675,983.00 160,948.20 515,034.80 26 14,625,025.71 10,247,047.45 325,000.53 9,922,046.92 34 43 1,143,818.89 298,772.97 163,602.36 135,170.61 13 423,000.00 210,595.00 60,530.00 150,065.00 38 318,000,000.00 280,900,000.00 280,900,000.00 73,700.00 58,960.00 14,740.00 44,220.00 3 300,000.00 240,000.00 60,000.00 180,000.00 3 400,000.00 320,000.00 80,000.00 240,000.00 3 3,328,000.00 3,328,000.00 282,800.00 3,045,200.00 9 1,702,040.00 1,347,447.26 170,204.04 1,177,243.22 611 62,850.00 40,852.50 12,570.00 28,282.50 23 K3 11,550.00 9,625.00 9,625.00 354,844,096.76 301,406,297.65 3,328,000.00 280,909,625.00 2,251,099.64 21,573,573.01 2004.12.31 2005.12.31 280,900,000.00 280,900,000.00 0.00 280,900,000.00 280,900,000.00 0.00 2004 45

12 2004.12.31 2005.12.31 171,010,868.50 3,562,726.50 167,448,142.00 231,916,736.20 231,916,736.20 402,927,604.70 3,562,726.50 399,364,878.20 13 2005.12.31 2004.12.31 2003.6.30 2004.05.15 4.425 30,000,000.00 2003.06.30 2004.06.05 4.425 28,500,000.00 2003.06.30 2004.05.15 4.425 30,000,000.00 2003.06.30 2004.05.05 4.425 18,870,000.00 2003.06.30 2004.06.15 4.425 38,500,000.00 2003.06.30 2004.06.05 4.425 37,430,000.00 2003.06.30 2004.05.05 4.425 30,000,000.00 2003.06.30 2004.06.20 4.425 32,770,000.00 2003.06.30 2004.05.05 4.425 30,000,000.00 2003.06.30 2004.06.05 4.425 40,000,000.00 2003.06.30 2004.06.10 4.425 38,000,000.00 2003.06.30 2004.06.25 4.425 27,000,000.00 2003.06.30 2004.06.25 4.425 28,500,000.00 2003.06.30 2004.05.20 4.425 30,000,000.00 2003.06.30 2004.05.20 4.425 30,000,000.00 2003.06.30 2004.06.10 4.425 38,860,000.00 2003.06.30 2004.05.25 4.425 29,320,000.00 2003.06.30 2004.06.20 4.425 36,000,000.00 2003.06.30 2004.05.25 4.425 30,000,000.00 2001.07.24 2002.07.24 4.425 80,000,000.00 2001.07.25 2002.07.25 4.425 80,000,000.00 46

2001.07.25 2002.07.25 4.425 20,000,000.00 2001.04.30 2002.04.30 4.425 65,500,000.00 849,250,000.00 [2005]18 849,250,000.00 14 2005.12.31 2004.12.31 % % 29,085,846.97 74.61 14,729,471.22 54.67 2,118,355.55 5.43 4,531,917.82 16.82 909,598.04 2.33 1,324,700.63 4.92 6,869,229.24 17.63 6,354,034.60 23.59 38,983,029.80 100.00 26,940,124.27 100.00 A 5% 5% B 3 6,869,229.24 17.63% C 2005 44.70% 2005 15 2005.12.31 2004.12.31 % % 7,188,668.94 12.99 34,599,562.26 48.77 18,452,338.06 33.35 21,286,898.93 30.00 17,388,293.43 31.43 3,884,980.79 5.48 47

12,298,663.29 22.23 11,177,922.37 15.75 55,327,963.72 100.00 70,949,364.35 100.00 A 5% 5% 16 2005.12.31 2004.12.31 6,677,424.60 6,677,424.60 3,526,000.00 3,526,000.00 800.00 800.00 95 12,124.20 12,124.20 96 52,736.73 52,736.73 10,269,085.53 10,269,085.53 17 2005.12.31 2004.12.31 2,420,692.77 1,747,218.02 6,601,797.56 5,778,152.42 825,929.20 351,813.88 749,745.25 496,323.25 7,515,832.98 7,515,832.98 157,168.48 84,169.64 913,694.39 1,032.75 1,887,973.83 1,887,973.83 24,225.19 24,225.19 21,097,059.65 17,886,741.96 18 2005.12.31 2004.12.31 % % 10,072,233.21 20.62 20,973,670.29 43.94 18,327,868.24 37.52 4,509,295.91 9.45 3,136,638.21 6.42 10,070,864.82 21.10 17,311,264.93 35.44 12,180,640.95 25.51 48,848,004.59 100.00 47,734,471.97 100.00 A 5% 5% B 3 17,311,264.93 48

35.44% C 2,401,288.00 2000 2,059,161.78 20032004 19 2005.12.31 2004.12.31 0.00 20,235,560.86 0.00 20,235,560.86 13 20 2005.12.31 2004.12.31 12,914,380.00 13,014,380.00 12,914,380.00 13,014,380.00 21 2005.12.31 2004.12.31 875,100,435.86 0.00 849,250,000.00 20,235,560.86 2005 5,614,875.00 13 22 2005.12.31 2004.12.31 1,100,000.00 0.00 1,100,000.00 0.00 1 2005 80 22005 [2005]96 2005 49

300,000.00 23 (+) (-) 2004.12.31 2005.12.31 1158,552,676.00 158,552,676.00 102,695,076.00 102,695,076.00 55,857,600.00 55,857,600.00 2 5,529,600.00 5,529,600.00 164,082,276.00 164,082,276.00 284,934,000.00 284,934,000.00 449,016,276.00 449,016,276.00 24 2004.12.31 2005.12.31 200,495,009.44 200,495,009.44 188,728,601.63 188,728,601.63 26,981,034.41 26,981,034.41 416,204,645.48 416,204,645.48 25 2004.12.31 2005.12.31 72,432,072.59 72,432,072.59 36,216,036.00 36,216,036.00 108,648,108.59 108,648,108.59 26 50

2005-898, 145,974.38 8,476,142.85-889,669,831.53 27 A % 141,152,722.37 58,776,398.66 81,001,481.73 100 141,152,722.37 58,776,398.66 81,001,481.73 100 141,152,722.37 58,776,398.66 81,001,481.73 100 B % 34,033,545.98 5,578,827.99 28,123,227.76 34.72 10,708,106.97 2,150,942.71 8,452,866.20 10.44 18,546,356.73 4,380,635.51 13,985,077.80 17.27 27,168,532.82 19,580,257.63 7,323,650.90 9.04 6,849,681.29 1,919,319.61 4,863,645.08 6.00 5,434,533.67 8,615,223.20-3,233,622.44-3.99 38,411,964.91 16,551,192.01 21,486,636.43 26.53 141,152,722.37 58,776,398.66 81,001,481.73 100.00 141,152,722.37 58,776,398.66 81,001,481.73 100.00 C % 51

9,865,083.40 3,416,202.37 6,352,794.11 7.84 10,511,347.81 4,062,405.70 6,346,560.51 7.84 11,878,034.82 4,602,474.55 7,159,866.99 8.84 17,866,392.96 7,113,893.22 10,578,479.24 13.06 15,715,890.75 9,842,618.44 5,720,197.92 7.06 61,370,970.68 24,060,152.52 36,713,058.62 45.32 13,945,001.95 5,678,651.86 8,130,524.34 10.04 141,152,722.37 58,776,398.66 81,001,481.73 100.00 141,152,722.37 58,776,398.66 81,001,481.73 100.00 D 10% % 34,033,545.98 5,578,827.99 83.61 18,546,356.73 4,380,635.51 76.38 27,168,532.82 19,580,257.63 27.93 79,748,435.53 29,539,721.13 E 26,931,528.98 44.63% 10,340,964.20 7.33% 28 2005 2004 502,419.29 339,693.81 872,422.69 145,583.06 1,374,841.98 485,276.87 29 2005 2004 431,191.36 463,775.63-32,584.27 63,882.66 534.18 63,348.48 52

431,191.36 463,775.63-32,584.27 63,882.66 534.18 63,348.48 30 2005 2004 34,757,315.07 92,253,315.38 2005 62.32% 2005 41,297,516.75 31 2005 2004 35,459,584.72 182,599,073.47 2005 80.58% 2004 1 80,633,854.96 2004 54,890,278.40 14,317,053.73 13,850,600.00 2 2004 43,251,040.00 3 2004 3,612,870.50 2004 32 2005 2004 5,614,875.00 48,203,125.72 101,249.49 57,982.55 30,830.40 33,945.51 5,544,455.91 48,179,088.68 2005 88.49% 2005 5,614,875.00 2004 12 31 2005 [2005]18 53

84,925.00 2005 2005 5,614,875.00 2004 48,203,125.72 42,588,250.72 33 2005 2004 3,581,409.29-75.44-13,678.17-1,729,882.54 3,581,333.85-1,743,560.71 34 2005 2004 9,052.96 221,532.65 5,909.06 26,142.54 247,675.19 14,962.02 35 2005 2004 3,000.00 936,990.04 355,148.09 72,657.18 8,997,409.57 5,000.00 63,880.00 861.31 50,000.00 423,287.41 413,148.09 10,495,085.51 36 2005 2004-147,235.68 39,086,182.12 2005 147,235.68 2004 39,086,182.12 39,086,182.12 54

37 2005 162,320,825.13 2005 161,127,267.34 1,100,000.00 38 2005 174,973,993.00 2005 50,000,000.00 26,162,274.59 5,432,600.00 14,000,000.00 10,500,000.00 4,782,977.54 21,836,829.55 39 2005 246,764.52 1 A 2005.12.31 2004.12.31 % % % % 35,875,232.33 58.17 2,152,513.94 6 33,722,718.39 34,523,742.30 62.67 2,071,424.54 6 32,452,317.76 10,236,897.64 16.59 818,951.81 8 9,417,945.83 10,689,902.93 19.41 855,192.24 8 9,834,710.69 9,349,775.98 15.16 1,121,973.12 12 8,227,802.86 9,873,404.66 17.92 1,184,808.56 12 8,688,596.10 6,214,000.32 10.08 1,242,800.06 20 4,971,200.26 20 50 50 55

100 100 61,675,906.27 100.00 5,336,238.93 56,339,667.34 55,087,049.89 100.00 4,111,425.34 50,975,624.55 B 2005.12.31 2004.12.31 16,661,459.17 27.01% 8,840,341.73 16.05% C 5% 5% 2 A 2005.12.31 2004.12.31 % % % % 122,655,624.38 25.79 3,404,437.46 6 119,251,186.92 80,663,441.21 14.64 4,538,549.48 6 76,124,891.73 63,332,317.55 13.32 5,066,585.41 8 58,265,732.14 28,665,039.96 5.21 5,535,211.95 8 23,129,828.01 26,088,291.02 5.49 1,957,417.46 12 24,130,873.56 28,477,164.87 5.17 6,543,318.42 12 21,933,846.45 27,992,729.10 5.89 11,799,835.96 20 16,192,893.14 317,118,834.12 57.56 104,935,989.54 20 212,182,844.58 155,876,056.18 32.77 96,383,167.29 50 59,492,888.89 7,785,648.04 1.41 1,392,824.02 50 6,392,824.02 79,618,493.30 16.74 18,342,681.28 100 61,275,812.02 88,227,986.58 16.01 15,937,090.56 100 72,290,896.02 475,563,511.53 100.00 136,954,124.86 338,609,386.67 550,938,114.78 100.00 138,882,983.97 412,055,130.81 B 2005.12.31 2004.12.31 217,715,732.66 45.78% 331,931,500.86 60.25% C 55,815,732.66 56

54,890,278.40 50,000,000.00 38,909,721.60 18,100,000.00 2005 5000 2005 12 2 20058 D 5% 5% 38,909,721.60 E 58,072,311.32 3 A 2004.12.31 2005.12.31 1 94,000.00 94,000.00 94,000.00 94,000.00 94,000.00 94,000.00 94,000.00 94,000.00 2 1,637,895.23 1,729,882.54-91,987.31 140,960.11 1,778,855.34 1,729,882.54 48,972.80 1,729,882.54 1,729,882.54 1,729,882.54 1,729,882.54-91,987.31-91,987.31 140,960.11 48,972.80 48,972.80 57

1,731895.23 1,729,882.54 2,012.69 1,872,855.34 1,729,882.54 142,972.80 B 2004.12.31 2005.12.31 % 2.09 94,000.00 94,000.00 94,000.00 100.00 3,498,000.00 1,729,882.54-1,768,117.46 1,729,882.54 100 38,844,000.00 0.00-38,844,000.00 0.00 12 4,500,000.00-91,987.31 140,960.11-4,451,027.20 48,972.80 46,936,000.00 1,731,895.23 140,960.11-45,063,144.66 1,872,855.34 2005 9 78% 12% 2004.12.31 2005.12.31 1,729,882.54 1,729,882.54 1,729,882.54 1,729,882.54 200416 1,729,882.54 4 A 58

% % 119,498,213.21 48,661,789.59 100 69,685,181.95 100 119,498,213.21 48,661,789.59 100 69,685,181.95 100 119,498,213.21 48,661,789.59 100 69,685,181.95 100 B % 34,033,545.98 5,578,827.99 28,126,839.98 40.36 10,708,106.97 2,150,942.71 8,454,002.73 12.13 18,546,356.73 4,380,635.51 13,987,046.26 20.07 27,168,532.82 19,580,257.63 7,326,534.48 10.51 6,849,681.29 1,919,319.61 4,864,372.09 6.98 5,434,533.67 8,615,223.20-3,233,045.64-4.63 16,757,455.75 6,436,582.94 10,159,432.05 14.58 119,498,213.21 48,661,789.59 69,685,181.95 100.00 119,498,213.21 48,661,789.59 69,685,181.95 100.00 C % 5,980,367.50 2,435,311.61 3,487,441.24 5.00 9,102,321.32 3,706,626.51 5,308,003.36 7.62 10,362,554.39 4,219,815.74 6,042,906.16 8.67 16,523,007.09 6,728,461.23 9,635,363.78 13.83 8,232,655.02 3,352,482.97 4,800,858.94 6.89 55,352,305.94 22,540,439.67 32,278,604.05 46.32 13,945,001.95 5,678,651.86 8,132,004.42 11.67 119,498,213.21 48,661,789.59 69,685,181.95 100.00 119,498,213.21 48,661,789.59 69,685,181.95 100.00 D 10% % 34,033,545.98 5,578,827.99 83.61 18,546,356.73 4,380,635.51 76.38 59

27,168,532.82 19,580,257.63 27.93 79,748,435.53 29,539,721.13 E 26,931,528.98 46.83% 10,340,964.20 8.65% 5 2005 2004 3,581,409.29 459,550.82-2,565,307.67-13,678.17-1,729,882.54-26,246,896.84-320,351.14 4,040,960.11-30,876,116.36 2005 9 78% 3,581,409.29 1 1 2005 4 14 2005 4 14 2 50,820,000.00 50,820,000.00 60

38,844,000.00 38,844,000.00 3,498,000.00 3,498,000.00 3 % % % % 11,799.33 26.28 11,799.33 26.28 3,884.40 100.00 3,884.40 100.00 349.80 100.00 349.80 100.00 4 5 A a b [2001]64 B 2005.12.31 2004.12.31 38,909,721.60 38,909,721.60 17,890,897.46 17,890,897.46 5,357,510.00 5,378,460.00 6,677,424.60 6,677,424.60 3,526,000.00 3,526,000.00 C 61

1,526 1 [2005]18 849,250,000.00 2 2005 5,614,875.00 2004 12 31 2005 [2005]18 84,925.00 2005 3 2005 5000 2005 12 2 20058 4 200416 2004 1,729,882.54 (2006 2 28 ) 15,260,000.00 62

2001 26 16,132,000.00 2004 12 31 3,117,620.00 2003 2003 21 13,014,380.00 2005 10 2006 2 28 2006 2 28 % % / / 81,001,481.73 178.97 197.81 0.18 0.18 5,207,541.76 11.51 12.72 0.01 0.01 8,476,142.85 18.73 20.70 0.02 0.02 3,892,151.23 8.60 9.50 0.01 0.01 1,168,055.23 1,168,055.23 3,581,409.29 : 3,581,409.29 221,532.65 26,142.54 63

: 247,675.19 3,000.00 355,148.09 5,000.00 50,000.00 413,148.09 4,583,991.62 1 2 3 4 64