JIANGSU TONGRUN TOOL CABINET CO.,LTD. 28 1 1 1
A 1,800 1 7,000 TORIN JACKS INC. 2007 2 12 1 1 2
1 1 3
5,200 1,800 7,000 1 TORIN JACKS INC. 2 3 2006 12 31 47,865,856.46 2006 A 2007 2007 1 1 1 81% 12.93% 1 1 4
2 2004 2004 2004 2004 2005 2006 78.83% 37.81% 26.90% 3 2004 2005 2006 17.26% 28.01% 35.77% 2006 12 31 11,741.62 4 2004 2005 2006 87.74% 95.48% 94.96% 2005 7 21 2006 12 5.99% 2006 3.35% 5 ODM 2004 2005 2006 ODM 85.92% 87.77% 86.90% 20,728.71 20,085.41 20,108.08 85.88% 66.32% 57.72% 6 1 1 5
2004 2005 2006 59.09% 41.89% 69.09% 1 1 6
1 1 7...2...3...4...11...13...13...16...16...16...18...19...20...21...21...22...23...24...24...25...25...30...31...32...33...34...34
1 1 8...35...35...35...43...49...50...53...66...68...68...70...72...72...72...84...88...99...105...105...106...109...111...112...112...113...115...146...147...149...149
1 1 9...155.155...158...159...160...160...161...162...162...171...171...171...173...173...187...187...189...208...209...210...211...221...222...223...227...227...227...228...228
1 1 10...236...254...254...259...259...263...263...263...264...264...265...265...265...270...287...289...290...290...291...291...292...292...293...295...295...296...296...297...304
TORIN TORIN JACKS INC. 1 1 11
1,800 A 2004 2005 2006 A 1.00 2007 2 10 WTO ISO9001 2000 ISO14001 2004 OEM ODM OEM ODM OBM Original Equipment Manufacturing Original Design Manufacturing Original Brand Manufacturing ODM ODM 1 1 12
JIANGSU TONGRUN TOOL CABINET CO., LTD. 5,200 2002 10 28 215500 0512 52346618 0512 52346558 http //www.tongrunindustries.com jstr@tongrunindustries.com 2002 10 [2002]0193 TORIN JACKS,INC. MR. JEROME CAWLEY 2005 9 1 1 13
5,200 2,912 56% 260 5% 260 5% TORIN JACKS 1,300 25% 468 9% 5,200 100% 2006 / / 90% 8 6 2006 1 9 25% 1 1 14
2004 2005 2006 24,137.10 30,285.53 34,837.06 2005 2006 25.47% 15.03% 1,189.99 3,102.13 4,845.56 160.68% 56.20% 1,210.83 2,729.18 4,200.14 125.40% 53.90% 2,588.14 1,562.11 7,826.42 2006 31 3 10 9 3 2 6 ISO9001 2000 ISO14001 2004 2003 2004 2005 TORIN 2005 2006 2005 2006 AA 2006 TORIN / / 1 1 15
2007 3 2007 4 / / 5,800 3205811103998 1980 2 5 56% TORIN JACKS,INC 25% 81% 12.93% 10.47% 1 1 16
2006 12 31 2005 12 31 2004 12 31 228,398,977.63 189,298,225.88 181,662,668.46 126,679,279.47 96,331,710.18 93,075,525.53 70,605,587.12 75,710,743.25 68,062,333.91 27,103,633.45 15,679,693.89 16,006,920.93 110,208,407.65 84,786,883.99 111,508,566.91 110,208,407.65 84,786,883.99 111,508,566.91 117,416,199.77 97,445,942.99 70,154,101.55 774,370.21 7,065,398.90 0.00 118,190,569.98 104,511,341.89 70,154,101.55 2006 2005 12 31 2006 2005 2004 348,370,645.88 302,855,344.61 241,370,988.22 48,535,000.39 31,229,607.74 11,894,355.66 48,455,575.83 31,021,269.83 11,899,949.09 42,359,927.49 27,291,841.44 12,108,339.82 42,001,380.96 27,291,841.44 12,108,339.82 1 1 17
2006 2005 2004 78,264,211.45 15,621,141.74 25,881,398.70-29,756,724.11-8,088,005.23-11,927,027.22-10,477,063.99-19,685,752.23 12,205,628.26-861,723.91-871,435.70-80,108.98 37,168,699.44-13,024,051.42 26,079,890.76 2004 2005 2006 2006 2005 2004 1.15 1.08 0.83 0.89 0.70 0.60 (%) 48.30 46.20 61.38 ( / ) 9.53 9.03 4.70 ( / ) 9.23 8.63 10.11 ( ) 5,863.92 4,167.90 2,139.83 16.69 8.47 4.94 1.51 0.30 0.50 0.71-0.27 0.50 ( / ) 2.26 1.87 1.35 / 0.81 0.52 0.23 / 0.81 0.52 0.23 / 0.81 0.53 0.23 / 0.81 0.53 0.23 1 1 18
% 35.77 28.01 17.26 % 38.18 32.57 17.90 % 35.83 28.20 17.25 % 38.25 32.79 17.90 (%) 23.08 16.09 22.82 A 1.00 1,800 1,800 36 2,912 56% 2,912 41.60% TORIN 1,300 25% 1,300 18.57% 468 9% 468 6.69% 260 5% 260 3.71% 260 5% 260 3.71% -- -- 1,800 25.71% 36 36 12 12 5,200 100.00% 7,000 100.00% TORIN 1 1 19
1 2,998.63 2 9,043.85 3 5,115.15 4 1,827.08 18,984.71 1 1 20
1. A 2. 1.00 3. 1,800 4 5 2.26 2006 12 31 6. 7 8 9. 10. 11. 12 13 14. 1 2 3 4 5 1 1 21
1 1 22 0512 52346618 0512 52346558 28 0512 87668810 0512 65582005 1 5 010 88381802 010 88381869
61 4 021 63391166 021 63392558 1093 18 0755 25938000 0755 25988122 32201988236052500135 1 1 23
81% 12.93% 11 4 TORIN 3 3 1 2004 1 1 24
2004 2004 2004 2005 2006 78.83% 37.81% 26.90% 2004 2005 2006 17.26% 28.01% 35.77% 2006 12 31 11,741.62 2004 2005 2006 87.74% 95.48% 94.96% 2005 7 21 2006 1 1 25
12 5.99% 2006 3.35% 1 1 2006 2006 14.18% 30.27% 2004 2005 2006 9.61% 15.58% 18.25% 2006 2 2006 1 1 26
2006 20% 30% 2 2004 2005 2006 77 40 38 8.01 87.14 86.17 1 1 27
ODM 2004 2005 2006 ODM 85.92% 87.77% 86.90% OEM ODM ODM OEM ODM 2004 2005 2006 20,728.71 20,085.41 20,108.08 85.88% 66.32% 57.72% 1 2004 10 2 8 6 2 2004 412 2006 745 1 1 28
2004 2005 2006 59.09% 41.89% 69.09% 2004 2005 2006 88.37% 83.40% 83.39% 52.59% 49.61% 48.27% 2004 2005 2006 4,928 / 5,611 / 4,290 / 2005 2004 13.86% 2006 2005 23.54% 2005 2006 13.77% 3.61% 1 1 29
1,000 1 1 30
2002 10 13% 17% 11% 2006 9 87168000 17% 13% 87169000 17% 13% 94031000 13% 11% 94032000 13% 11% 13% 2006.01-2006.08 2006.09-2006.12 17% 215.27 13% 922.22 36.89 13% 142.72 11% 176.87 3.54 357.99 1,099.09 40.43 2006 40.43 2006 0.15% 2006 2006 51.89 2006 0.19% 1 1 31
24% 2004040 2003 12% 33% 2006 11 70% TORIN 25% 9% TORIN 2006 12 31 11,020.84 48.30% 2004 2005 2006 1 1 32
2006 2005 2004 1.15 1.08 0.83 0.89 0.70 0.60 2005 2006 64 82 2005 2006 36.85% 44.14% 15.49% 21.59% 10 30 50 100% 1 1 33
ISO14001 2004 1 1 34
JIANGSU TONGRUN TOOL CABINET CO.,LTD. 5,200 2002 10 28 215500 0512 52346618 0512 52346558 http://www.tongrunindustries.com jstr@ tongrunindustries.com 1 2002 10 28 [2002]0193 2005 9 2 TORIN JACKS, INC. MR. JEROME 1 1 35
CAWLEY TORIN 2,912 56% 2002 038 4,098.31 4,098.31 2,912 1,186.31 468 260 260 9% 5% 5% 1 TORIN 780 15% 942,485 7,800,759.85 7,800,000.00 1 759.85 MR. JEROME CAWLEY 520 10% MR. JEROME CAWLEY 628,300 5,200,376.27 5,200,000.00 1 376.27 3 2003 1 2003 3 1 2003 1 2003 1 2 2003 3 2003 3 1 1 36
2006 3 90.26% ( ) 25 2002 10 28 2,288 2003 1 2006 1 1 37
1 1 38 TORIN 2 2003 2004 2004 2005 2004 78.83% 37.81% 2006 26.90% 3 2004 2005 2006 1.69% 0.77% 0.69% 2005 12 2006 11 2006 5 90.26% 1
2004 2004 78.83% 37.81% 26.90% 2 2002 12 2003 1 2005 1 4 2005 2 25 4 2006 7 10 2 2003 12 17 2 2005 10 20 17 1 1 39
3 2006 12 31 3,000 4 1.22% 0.75% 1.17% 5 2003 1 3 6 2006 5 2005 12 2006 3 704 90.26% 2006 5 1 1 40
7 2005 12 8 2005 4 222.53 2006 4,098.31 2002 2037 1 1 2 1 1 41
2 1 2 3 3 1 320581742497060 2 4 5 1 1 1 42
2 3 1 2002 10 28 5,200 TORIN JACKS, INC. MR. JEROME CAWLEY 2,912 56% TORIN 780 15% MR. JEROME CAWLEY 520 10% 468 9% 260 5% 260 5% 5,200 100% TORIN MR. JEROME CAWLEY 1 1 43
2002 2037 2 2006 2 2006 2 25 TORIN JACKS, INC. MR. JEROME CAWLEY MR. JEROME CAWLEY 10% TORIN JACKS, INC. 9,721,258.3 2005 12 31 1.869 2006 9 15 MR. JEROME CAWLEY 2,912 56% TORIN 1,300 25% 468 9% 260 5% 260 5% 5,200 100% TORIN 3 2006 12 2006 12 6 468 4.68 / 2006 12 26 260 2.18 / 2006 12 26 260 2.18 / 1 1 44
2,912 56% TORIN 1,300 25% 468 9% 260 5% 260 5% 5,200 100% TORIN 2003 1 2003 3 2006 1 2002 11 14 2003 1 21 19,838,554.37 [ 2002 116 19,838,554.37 ] 86 1,884,465.25 1,884,465.25 17 1,489,626.01 1,489,626.01 3 201,681.27 201,681.27 92 1,220,057.46 1,220,057.46 8 6,762,828.70 6,762,828.70 14 946,666.55 946,666.55 18 202,153.50 202,153.50 4 957,055.75 957,055.75 3 2,703,629.76 2,703,629.76 0.00% 1 1 45
64 2,140,753.23 2,140,753.23 309 18,508,917.48 18,508,917.48 61 317,422.03 317,422.03 1 145,054.02 145,054.02 CAD 1 324,639.75 324,639.75 198,400.00 198,400.00 34 155,857.04 155,857.04 38 188,264.05 188,264.05 135 1,329,636.89 1,329,636.89 444 19,838,554.37 19,838,554.37 19,838,554.37 19,838,554.37 2 2003 3 4 9,594,035.00 [ 2002 116 8,200,029.91 9,594,035.00 ] 889,549.74 3,384,000.44 3,384,000.44 176,831.83 580,302.32 580,302.32 203,379.23 488,733.88 488,733.88 27,712.65 417,535.94 417,535.94 1,297,473.45 4,870,572.58 4,870,572.58 0.00% 76,057.00 3,329,457.33 3,329,457.33 76,057.00 3,329,457.33 3,329,457.33 8,200,029.91 8,200,029.91 1 1 46
3 90.26% 2006 3 15 2006 3 15 18 400 304 400 304 704 90.26% [ 2006 277 944.08 ] 4 2002 11 12 9,500,000.00 2003 2004 2005 2006 8,200,000.00 5,776,628.39 501,374.14 5,454,586.84 2006 5 2005 2006 35 27 11.68 37.72 2005 1 5201.85 1 1 47
10 14736.11 1 4082.89 1 6032.27 2 2204.88 4 5231.95 1 19615.04 1 28238.89 1 8810.40 1 18777.27 1 550.66 1 1064.58 25 114546.79 1 59.80 1 500.00 4 440.27 4 1218.72 10 2218.79 35 116765.58 15 47666.21 4 5321.23 1 149137.58 1 167907.23 2006 21 370032.25 1 4415.01 5 2759.75 6 7174.76 27 377207.01 62 493972.59 2003 1 1 48
1 1 49 2002 2002 2037 2002 9 25 2002 9 25 2,912 56%, 2002 038 40,983,123.51 40,983,123.51 29,120,000.00 1 11,863,123.51 468 260 260 9% 5% 5% 1
TORIN JACKS INC. 780 15% 942,485 7,800,759.85 USD1:RMB8.2768 7,800,000.00 1 759.85 MR. JEROME CAWLEY 520 10% MR. JEROME CAWLEY 628,300 5, 200,376.27 USD1:RMB8.2769 5,200,000.00 1 376.27 1 1 50
1 1 1 51
1 1 52 2 90.26% 9.74%
2001 7 11 1997 2006 11 780 2005 12 31 1,045.07 694.47 2005 487.59-85.53 2006 12 31 898.14 787.82 2006 942.56 93.35 1 1980 2 5 5,800 25 1 1 53
1,326 5% 12.93% 5.17% 1% 1 7,500,000 12.93% 2 3,000,000 5.17% 3 792,298 1.37% 4 780,884 1.35% 5 780,845 1.35% 6 750,000 1.29% 7 750,000 1.29% 8 750,000 1.29% 9 750,000 1.29% 10 750,000 1.29% 11 750,000 1.29% 12 750,000 1.29% 13 750,000 1.29% 14 600,000 1.03% 2006 12 31 164,829.87 66,792.50 12,964.64 2,912 56% 2 TORIN JACKS INC. TORIN JACKS INC. 1993 4 12 5 1 1 54
100% 4355 BRICKELL STREET ONTARIO CA91761 TORIN JACKS, INC. 2006 3 31 TORIN 1,587.21 57.50 8.65 Raymond Chao Accountancy Corporation TORIN 1,300 25% 3 1989 11 946 1085 90% 10% 2006 12 31 8,718.69 304.03-240.13 4 2,280.00 46 1 1 55
23 22 43.25% 5% 26.60% 9.00% 5.94% 19 15.21% 2006 12 31 15,970.11 5,893.50 751.99 260 5% 5 3,000 29 43 5% 30.32% 6.17% 5.55% 39 51.79% 6 MR. JEROME CAWLEY MR. JEROME CAWLEY 035415677 MR. JEROME CAWLEY TORIN 7 1999 11 5 2,400 1 1 56
E 2 70% 30% 2007 1 31 4,163.84 2,352.62 2006-20.14 468 9% 8 2006 12 12 1,000 570 48-1 8 1 37.69% 2 15.39% 3 10.00% 4 10.00% 5 7.69% 6 7.69% 7 5.77% 8 5.77% 2006 12 31 570.00 570.00-0.003 1 1 57
260 5% 320520194510090110 1 1 58
1 1 TORIN JACKS, INC. 2 3 1 1 59
2002 8 5 650 381.802045 75% TORIN 25% 2006 12 31 51,130.70 9,798.14 3,969.52 4 1989 8 1 93.3 67.57% TORIN 25% 7.43% 2006 12 31 22,103.11 8,810.25 5,552.30 5 1984 8 2 191 67.61% TORIN 25% 7.39% 358 2006 12 31 19,265.75 1,896.17-235.91 6 1996 3 29 7,750 67.61% 2.19% 5.2% 3.42% 2.58% 48 1 1 60
2006 12 31 10,443.43 7,734.81-21.32 7 1996 4 3 500 90% 10% 35 2006 12 31 1,888.68 568.63 66.79 8 1992 12 29 340 75% 25% 48 2006 12 31 3,684.88 349.81 16.56 9 1987 8 4 200 90% 10% 2006 12 31 1,121.07 218.07 32.46 10 2004 4 4 300 70% 20% 10% 142 1 1 61
2006 12 31 608.93 400.42-23.43 11 1994 4 13 50 100% 35 2006 12 31 55.83 35.96-20.50 12 1989 4 12 600 75% 25% 283 2006 12 31 33,484.59 5,618.40-584.62 13 2000 11 22 1,080 80% 10.4% 9.6% 10 2006 12 31 917.58 875.09-92.20 14 2003 2 10 35 1 1 62
51% 49% 2006 12 31 5,539.64 965.84 13.73 15 2003 2 25 20 51% 49% 2006 12 31 726.54 458.26 8.09 16 2001 5 11 500 75% 25% 282 2006 12 31 1,077.10 557.021 35.94 17 2002 4 30 300 90% 10% 877 16 2006 12 31 1,572.88 566.76 210.23 18 1997 6 10 1,000 75% 25% 1 1 63
2006 12 31 18,507.34 1,072.29 10.50 19 2002 2 5 50 75% 25% 2006 12 31 326.89 56.77 5.46 20 2002 2 5 50 75% 25% 2006 12 31 661.10-179.94 25.61 21 2004 5 20 800 90% 10% 2006 12 31 4,878.22 775.51 36.81 22 2002 10 10 24 75% TORIN 25% 421 1 1 64
67 1230 2006 12 31 24.35-296.31-35.52 23 2006 10 26 600 102.499 75% TORIN 25% 2006 12 31 808.68 808.68 0.00 2 1 1993 720,000 48 10 2 1992 51,797 428 20.4 3 12.93% 10.47% 1 1 65
81% 4,212 10.47% 544.66 5,200 1,800 7,000 25.71% 1 2,912 56% 2 TORIN JACKS INC. 1,300 25% 3 468 9% 4 260 5% 5 260 5% 5,200 100% TORIN 1 1 66
2002 [2002]0193 2006 8 23 [2006]1415 MR. JEROME CAWLEY 10% TORIN JACKS INC TORIN JACKS INC. 1,300 2007 1 19 [2007]99 468 TORIN 1,300 25% 468 9% 1,786 34% TORIN TORIN 100% 56% TORIN 25% TORIN 1 1 67
2006 12 31 576 2004 2005 2006 442 538 576 2006 12 31 ( ) (%) 110 19.10 97 16.84 28 4.86 341 59.20 576 100.00 2006 12 31 % 39 6.77 56 9.72 55 9.55 426 73.96 576 100.00 1 1 68
2006 12 31 ( ) 50 23 3.99 41 50 110 19.10 31 40 230 39.93 30 213 36.98 (%) 576 100.00 26% 8% 18% 10% 2% 8% 1% 3% 1% 2% 0.8% 1% 20% 10% 10% 2005 2006 A 1 1 69
5% 1 TORIN ( ) 2 ( ) 1 1 70
5% 1 3 2 3 1 1 71
2002 1 1 72
1 ( ) 25-28 12-14 8 Waterloo 2005 2.5 Snap-On Danaher Knaack Stanley Stack-On Homak 7 2005 0.8-2 2007 1 Beta Facom Hazet-Werk GMBH 1 1 73
2 1 8 12 14 OEM ODM 1,000 10 2006 1.35 2007 1 1 74
WTO 2 OEM ODM OEM Original Equipment Manufacturing OEM 90% OEM OEM OEM OEM IT OEM OEM OEM ODM OBM ODM Original Design Manufacturing ODM OEM OBM Original Brand Manufacturing 1 1 75
OEM ODM OBM 2004 2005 2006 OEM 11.91% 9.69% 9.60% ODM 85.92% 87.77% 86.90% OBM 2.16% 2.54% 3.50% ODM OBM 1 2 3 OEM ODM ODM ODM OBM 4 5 1 1 76
1 2 8 3 25 28 3 5 4% 3 5 2004 2005 2006 4.12% 5.53% 6.26% 3 1000 1 1 77
2007 1 2006 1 9 9,650 20% 30% 25 OEM 4 1 2 2000 Stack-on 1999 1 1 78
2004 3 1 2 3 4 1 1 79
1 1 12-14 25-28 3-5 4% 2 2006 1 9 9,650 1.35 3 4 10% 3 5 15-20% 2007 2 1 1 80
1 2 3 1 1 2 1 1 81
3 4 2 1 2 OEM ODM 3 1 1 1 82
2 3 1 1 1 83
1 2 2 1 2 1 2004 2005 2006 25.29% 2004 2005 2006 14.16% 52.69% 60.31% 1 1 84
2006 1 9 9,650 2,500 25% 2 1 1000 10 2006 3.48 2006 2 25 2 7 11 51 2004 2005 2006 50 64 82 18.32% 15.49% 21.59% 10 30 3 10 1 1 85
2004 2006 2004 10% 60% 4 2006 56.32 / 2003 6 / 5 ISO9001 2000 TUV GS 2007 2 / / 6 1 1 86
7 ( ) 8 9 2 1 1 1 87
2 2006 3.50% DIY DIY / / 1 1 88
1 3 4 2 / 3 1 2004 2005 2006 14.16% 52.68% 59.80% 73.58% 42.80% 35.20% 12.26% 4.52% 5.00% / / / / 1 1 89
2 OEM ODM OBM OEM ODM OBM 2006 2005 2004 OEM 3,284.35 9.60% 2,912.48 9.69% 2,827.95 11.91% ODM 29728.16 86.90% 26382.93 87.77% 20393.09 85.92% 20,775.30 60.73% 18,305.61 60.90% 15,134.30 63.76% 8,952.86 26.17% 8,077.32 26.87% 5,258.79 22.16% OBM 1,196.08 3.50% 764.54 2.54% 513.53 2.16% 34,208.59 100.00% 30,059.95 100.00% 23,734.56 100.00% 4 1 1 90
5 T/T 30 45 60 1 2006 2005 2004 420,000 300,000 300,000 510,000 510,000 480,000 120,000 120,000 120,000 90,000 90,000 90,000 21 300 2 1 2006 2005 2004 392,379 393,568 100.30% 273,018 269,020 98.54% 272,149 268,859 98.79% 482,301 494,072 102.44% 501,917 479,838 95.60% 455,738 440,747 96.71% 103,917 103,103 99.22% 98,421 96,979 98.53% 113,737 117,532 103.34% 1 1 91
81,818 85,345 104.31% 66,212 66,338 100.19% 83,616 88,356 105.67% 975,255 964,953 98.94% 814,013 826,138 101.49% 3,021,683 3,021,680 100.00% 2,035,670 2,041,041 100.26% 1,753,581 1,738,312 99.13% 3,946,923 3,937,174 99.75% 100% 2 2006 2005 2004 393,568 19,356.80 269,020 14,802.06 268,859 10,683.55 494,072 2,691.97 479,838 2,681.38 440,747 1,962.91 103,103 4,404.16 96,979 5,198.22 117,532 3,997.87 85,345 1,756.98 66,338 1,355.30 88,356 1,640.33 964,953 6,287.04 826,138 6,023.00 3,021,680 5,449.91 2,041,041 34,496.95 1,738,313 30,059.95 3,937,174 23,734.56 2004 70.13% 2006 76.68% 2004 45.01% 2006 56.11% 3 2006 2005 2004 11,686.37 56.64% 8,311.44 52.48% 2,518.18 74.93% 6,937.74 33.63% 5,864.22 37.03% 232.21 6.91% 1,331.38 6.45% 1,251.08 7.90% 141.73 4.22% 292.74 1.42% 43.48 0.27% 7.53 0.22% 383.05 1.86% 367.04 2.32% 461.06 13.72% 20,631.28 100.00% 15,837.26 100.00% 3,360.70 100.00% 1 1 92
50% 2005 40% 3 4 5 50% 7,430.58 21.72% 2006 2005 CENTRAL PURCHASING INCORPORATED SANTEC TOOLS HK LIMITED 5,442.56 15.91% 3,221.95 9.42% SUN TECH LIMITED 2,292.14 6.70% TJJ ENTERPRICES, INC. 1,720.86 5.03% 20,108.08 58.78% 6,918.87 23.02% CENTRAL PURCHASING INCORPORATED 4,910.88 16.34% 4,016.56 13.36% SUPER TEST CORP 2,828.23 9.41% SANTEC TOOLS HK LIMITED 1,410.89 4.69% 20,085.41 66.82% 1 1 93
10,432.13 43.95% 7,425.48 31.29% 2004 SUPER TEST CORP 1,450.44 6.11% 829.23 3.49% CENTRAL PURCHASING INCORPORATED 591.44 2.49% 20,728.71 87.34% 2004 10 2004 2005 2006 87.34% 66.82% 58.78% 2004 2005 2006 80.17% 38.09% 27.40% 5 1 / / 2006 2,040.22 34,208.59 27,790.13 16.77 13.62 18.76% 2005 1,778.12 30,059.95 25,127.40 16.91 14.13 16.41% 2004 1,736.16 23,734.56 21,559.74 13.67 12.42 9.16% 2004 2005 2006 13.67 16.91 16.77 2005 2004 23.70% 2006 1 1 94
2005 0.83% 2 12.42 14.13 13.62 2005 2004 13.77% 2006 2005 3.61% 3 2005 2006 13.77% -3.61% 23.70% -0.83% 1 1 2006 2005 2004 7,462.33 7,833.66 7,220.52 5,458.74 4,493.16 4,013.59 2,449.55 1,846.64 1,862.71 2,136.50 1,820.46 1,722.82 1,682.01 1,580.35 1,200.26 1,659.21 1,494.94 1,259.78 1,398.31 1,375.40 1,334.44 1 1 95
75.75 277.97 261.25 22,322.40 20,722.58 18,875.37 2 90% / 2006 6,654.02 4,290 2005 7,613.41 5,611 2004 7,358.73 4,928 2004 2005 2006 38.25% 37.80% 33.43% 33.80% 31.53% 27.88% 2 2006 74.84 325.68 363.74 2006 2005 2004 74.84 73.91 64.38 325.68 297.20 243.83 363.74 185.83 -- -- 126.11 242.80 7.36 85.24 168.84 771.62 768.29 719.85 1 1 96
2004 2005 2005 2006 3 2006 2005 2004 22,322.40 83.39% 20,722.58 83.40% 18,875.37 84.79% 1,295.05 4.84% 1,339.48 5.39% 1,000.94 4.50% 2,035.46 7.60% 2,091.61 8.42% 1,729.20 7.77% 699.61 2.61% 694.39 2.79% 655.47 2.94% 416.67 1.56% 26,769.18 100.00% 24,848.06 100.00% 22,260.98 100.00% 80% 4 5 50% 2006 4,785.14 21.89% 4,716.59 21.58% 2,493.63 11.41% 1,646.70 7.53% 1,460.41 6.68% 1 1 97
15,102.47 69.09% 4,823.94 16.81% 3,571.92 12.45% 2005 2004 1,385.64 4.83% 1,143.30 3.98% 1,097.33 3.82% 12,022.14 41.89% 5,379.29 25.83% 3,659.25 17.57% 1,291.10 6.20% 1,220.69 5.86% 755.80 3.63% 12,306.13 59.09% 3 4 2004 2005 2006 59.09% 41.89% 69.09% 5 2004 2005 2006 TORIN 1 1 98
5% ISO14001 2004 2007 1 2007 4 2006 12 31 7,060.56 47,646,779.46 8,091,995.51 39,554,783.95 40,857,893.05 13,084,176.01 27,773,717.04 1,223,914.00 182,549.36 1,041,364.64 3,336,644.22 1,562,535.15 1,774,109.07 1,445,460.00 983,847.58 461,612.42 94,510,690.73 23,905,103.61 70,605,587.12 1 00000087 39,726.09 00000088 2,920.41 2 1 1 99
1 2 24.8 10 2 1 140.0 8 3 1 250.0 10 4 1 280.0 10 5 1 165.0 9 6 3 45.0 3 5 7 1 30.0 5 8 1 300.0 10 9 1 250.0 10 10 1 40.0 6 11 1 25.0 10 12 1 100.0 10 13 13 156.0 10 14 2 24.0 10 15 NC05C 5 80.0 10 16 3 390.0 9 17 40 260.0 10 18 11 176.0 10 19 4 58.0 10 20 3 69.0 10 1 2006 50 2053-12-14 82,800.70 1 1 100
000547 2007 000099 50 2056-12-30 68,480.00 2 1 3233798 6 2004.1.28 2014.1.27 2 3233794 20 2004.2.21 2014.2.20 3 1364515 6 2000.2.14 2010.2.13 4 1370388 5 3908309 6 3908305 20 2000.3.7 2010.3.6 6 2005.12.28-2015.12.27 6 2005.12.28-2015.12.27 7 1 1 101
3 1 ZL 01 2 1 01262714.3 2001.9.10 62714.3 ZL 2005 2 2 200520044868.8 2005.9.8 0044868.8 ZL 2005 2 3 200520044867.3 2005.9.8 0044867.3 4 200520044865.4 2005.9.8 ZL 2005 2 0044865.4 ZL 2005 2 5 200520044863.5 2005.9.8 0044863.5 ZL 2005 2 6 200520045971.4 2005.10.27 0045971.4 ZL 2005 2 7 200520045973.3 2005.10.27 0045973.3 8 200520045972.9 2005.10.27 9 200520044864.x 2005.9.8 10 200620040826.1 2006.4.6 11 200620041257.2 2006.4.24 ZL 2005 2 0045972.9 ZL 2005 2 0044864.X ZL 20062 0040826.1 / ZL 2006 2 0041257.2 2 1 01317451.7 2001.2.21 ZL 01 3 17451.7 2 01317452.5 2001.2.21 ZL 01 3 17452.5 3 01327395.7 2001.4.12 ZL 01 3 27395.7 4 01327396.5 2001.4.12 ZL 01 3 27396.5 1 1 102
5 01327615.8 2001.4.30 ZL 01 3 27615.8 6 01330185.3 2001.6.22 ZL 01 3 30185.3 7 02317621.0 2002.3.25 ZL 02 3 17621.0 8 02317622.9 2002.3.25 ZL 02 3 17622.9 9 02317623.7 2002.3.25 ZL 02 3 17623.7 10 03315032.X 2003.3.13 ZL 03 3 15032.X 11 03315034.6 2003.3.13 ZL 03 3 15034.6 12 03315033.8 2003.3.13 ZL 03 3 15033.8 13 03345731.X 2003.7.11 ZL 03345731X 14 03345729.8 2003.7.11 ZL 03 3 45729.8 15 03345730.1 2003.7.11 ZL 03 3 45730.1 16 2003301112 39.9 17 2005300430 22.8 18 19 20 2006300352 09.8 2006300353 62.0 2005300430 21.3 2003.10.16 ZL 2003 3 0111239.9 2005.9.8 ZL 2005 3 0043022.8 2006.4.6 ZL 2006 3 0035209.8 2006.4.14 ZL 2006 3 0035362.0 2005.9.8 ZL 2005 3 0043021.3 1 1 200610025481.7 2006.4.6 2 200610025950.5 2006.4.21 / 3 200610118874.2 2006.11.29 3 2 1 200520045970.x 2005.10.27 2 200520044866.9 2005.9.8 1 1 103
3 200620039979.4 2006.3.7 4 200620041029.5 2006.4.14 5 200620048282.3 2006.11.29 6 200720067789.8 2007.3.13 7 200720067788.3 2007.3.13 8 200720067985.5 2007.3.20 9 200720068926.X 2007.4.13 10 200720069690.1 2007.5.9 11 200630040115.x 2006.8.29 12 200630040116.4 2006.8.29 13 200630040117.9 2006.8.29 14 200630040114.5 2006.8.29 15 200630040118.3 2006.8.29 16 200630040119.8 2006.8.29 17 200630034208.1 2006.3.7 18 200630040113.0 2006.8.29 19 200730073125.8 2007.2.7 1-2 11-16 2005 12 6,872 2006 1 1 2006 12 31 230,166.12 2006 12 31 2006 1 1 2006 12 31 1,319,769.96 2006 12 31 2006 11 1 1 104
3214930660 2002 12 10 2008 12 10 1 2 3 4 1 1 105
WAGNER GEMA CAD Solid Edge PDM CAPP 1 1 106
51 26 50.98% 2006 2005 2004 34,208.59 30,059.95 23,734.56 745.46 490.40 360.95 2.18% 1.63% 1.52% 1 2004 2005 2006 50 64 82 2 31 3 10 9 1 1 1 107
2010 2 5 30 100 2 2007 2007 2007 2007 2007 2008 2007 10 3 1 1 108
ISO9001 2000 ISO14001 2004 TUV GS 1 Q/320581TR009-2006 680939-06-J 2 Q/320581TR010-2006 680806-06-J 3 Q/320581TR014-2006 680807-06-J 4 Q/320581TR015-2006 680940-06-J 5 GB/T 13668-2003 684936-Y 6 QB/T 1097-1991 684937-Y 1 1 1 1 109
2 2 1 2 3 4 5 6 1 1 110
2003 2004 2005 2005 2006 AA 2006 TORIN ( ) / / 2007 2 / / 2007 3 2007 4 / / 1 1 111
1 2 3 TORIN 1 1 112
5% TORIN JACKS, INC. 1 2 3 TORIN JACKS INC. 1 1 113
4 5 TORIN JACKS,INC. 6 7 8 9 1 2 1 1 114
3 4 56% 5 6 1 1 115
1 1 1 2004 2004 2004 2005 2006 78.83% 37.81% 26.90% 2004 12 2005 12 2005 2005 2006 11 2006 2006 2005 12 1 1 116
2005 2007 1 2 4 3 2006 2005 2004 7,430.58 21.33% 6,918.87 22.84% 10,432.13 43.22% 1,457.15 4.18% 4,016.56 13.26% 7,425.48 30.76% 316.76 0.90% 274.57 0.90% 69.88 0.29% TORIN JACKS,INC. 106.79 0.31% -- -- 141.49 0.59% 59.02 0.17% 4.63 0.02% 0.73 -- 2.04 0.01% -- -- 0.67 -- -- -- 232.11 0.77% 407.28 1.69% -- -- -- -- 478.79 1.98% -- -- -- -- 54.57 0.23% -- -- -- -- 6.49 0.02% -- -- 1.97 0.01% 8.91 0.03% -- -- 0.52 -- -- -- 9,372.35 26.90% 11,449.23 37.81% 19,026.43 78.83% 1 1 1 117
2 2005 2004 2005 2006 80.16% 38.09% 27.40% 93,723,528.33 73,540,043.91 20,183,484.42 21.54% 2006 248,362,396.74 204,361,223.46 44,001,173.28 17.72% 342,085,925.07 277,901,267.37 64,184,657.70 18.76% 27.40% 114,487,094.38 94,682,464.35 19,804,630.03 17.30% 2005 186,112,442.77 156,590,701.59 29,521,741.18 15.86% 300,599,537.15 251,273,165.94 49,325,551.99 16.41% 38.09% 190,264,263.29 173,389,908.86 16,874,354.43 8.87% 2004 47,081,378.80 42,207,489.55 4,873,889.25 10.35% 237,345,642.09 215,597,398.41 21,748,243.68 9.16% 80.16% 4 28 1 1 118
2004 2005 2006 98.34 534.00 644.29 2005 50 64 82 2 1 1 119
2006 2005 2004 7.69 0.04% 2.22 0.01% 3.63 0.02% 13.06 0.06% 14.84 0.08% 25.11 0.12% 12.55 0.06% 2.56 0.01% 1.35 0.01% 5.09 0.03% 34.75 0.16% 1.02 0.01% 214.23 0.98% 108.48 0.52% 199.80 1.03% 255.17 1.17% 155.70 0.75% 235.52 1.22% 1 2 2006 6 2004 1,722.82 199.80 11.60% 2005 1,820.46 108.48 5.96% 2006 2,136.50 214.23 10.03% 3 2005 12 6,872 2006 1 1 2006 12 31 1 1 120
23.02 2006 1 1 2006 12 31 131.98 2006 1 1 2006 10 31 2.12 / 2006 5 2006 10 1 10 344.91 2003 2004 2005 12 2006 5 90.26% 4 2 1 2006. 12.31 2005. 12.31 2004. 12.31 2006. 12.31 (%) 2005. 12.31 2004. 12.31 961.80 1,719.78 -- 25.04 50.76 -- 162.01 223.82 1,429.92 4.22 6.61 43.06 1 1 121
49.86 43.36 41.92 1.30 1.28 1.26 41.88 -- 0.83 1.09 0.02 -- 51.13 59.73 -- 1.51 1.80 -- 31.24 7.30 -- 0.92 0.22 -- -- 191.46 -- -- 5.77 TORIN JACKS INC -- -- 79.90 -- -- 2.41 -- 2.31 1.70 -- 0.07 0.05 -- 1.26 1.26 -- 0.04 0.04 -- 3.44 3.44 -- 0.10 0.10 -- -- 25.27 -- -- 0.76 -- 8.56 8.56 -- 0.25 0.26 1,215.54 2,084.90 1,851.29 31.65 61.54 55.75 2 2006. 12.31 2005. 12.31 2004. 12.31 2006. 12.31 (%) 2005. 12.31 2004. 12.31 -- 210.24 -- -- 83.45 -- -- 210.24 -- -- 83.45 -- 3 2006. 12.31 2005. 12.31 2004. 12.31 2006. 12.31 (%) 2005. 12.31 2004. 12.31 59.78 31.13 44.21 1.40 0.96 1.18 40.46 -- 1.16 0.95 -- 0.03 -- 3.65 6.84 -- 0.11 0.18 -- 2.01 -- -- 0.06 -- 100.24 36.79 52.21 2.35 1.13 1.39 1 1 122
4 (%) 2006. 12.31 2005. 12.31 2004. 12.31 2006. 12.31 2005. 12.31 2004. 12.31 -- -- 27.92 -- -- 7.55 TORIN JACKS INC 0.07 -- 0.08 0.05 -- 0.02 MR.JEROME CAWLEY 0.04 -- 0.04 0.03 -- 0.01 -- -- 63.27 -- -- 17.11 0.11 -- 91.30 0.08 -- 24.69 5 2006. 12.31 2005. 12.31 2004. 12.31 2006. 12.31 (%) 2005. 12.31 2004. 12.31 -- 4.25 12.09 -- 3.30 1.85 -- -- 630.20 -- -- 96.36 -- -- 5.30 -- -- 0.81 -- 4.25 647.60 -- 3.30 99.02 3 1 2002 11 14 2003 1 21 19,838,554.37 [ 2002 116 19,838,554.37 ] 2003 3 4 1 1 123
9,594,035.00 [ 2002116 8,200,029.91 9,594,035.00 ] 2 2005 2 25 1364515 TORIN [ 6 ] 3233798 [ 6 ] 1370388 TORIN [ 20 ] 3233794 [ 20 ] 2005 6 21 2006 7 10 3908309 BIGRED [ 6 ] 3908305 BLACK JACK [ 6 ] 2007 5 7 2005 10 20 17 3 2006 12 31 1 1 124
3,000 4 2006 3 15 2006 3 15 18 400 304 400 51.28% 304 38.97% 704 90.26% 5 2005 4 222.53 2006 1 2006 11 16 2006 2006 1 1 125
60 2007 1 19 45 2 2006 1 26 SX0662007B 3,000 2006 1 1 126
1 1 2004 2004 2004 2005 2006 78.83% 37.81% 26.90% 2 3 2 4 1 1 127
1 1 128 TORIN JACKS INC 0% 0%
3 % 93,723,528.33 73,540,043.91 20,183,484.42 21.54 2006 248,362,396.74 204,361,223.46 44,001,173.28 17.72 342,085,925.07 277,901,267.37 64,184,657.70 18.76 27.40% 114,487,094.38 94,682,464.35 19,804,630.03 17.30 2005 186,112,442.77 156,590,701.59 29,521,741.18 15.86 300,599,537.15 251,273,165.94 49,325,551.99 16.41 38.09% 190,264,263.29 173,389,908.86 16,874,354.43 8.87 2004 47081378.80 42,207,489.55 4,873,889.25 10.35 237345642.09 215,597,398.41 21,748,243.68 9.16 80.16% 1.48-1.44-3.82 1 1 129
1 2002 10 13% 17% 11% % 93,723,528.33 73,497,326.46 20,226,201.87 21.58 2006 248,362,396.74 197,058,706.42 51,303,690.32 20.66 342,085,925.07 270,556,032.88 71,529,892.19 20.91 27.40% 114,487,094.38 94,682,464.35 19,804,630.03 17.30 2005 18,6112,442.77 151,468,264.78 34,644,177.99 18.61 300,599,537.15 246,150,729.13 54,448,808.02 18.11 38.09% 190,264,263.29 173,333,311.44 16,930,951.85 8.90 2004 47,081,378.80 41,565,554.78 5,515,824.02 11.72 237,345,642.09 214,898,866.22 22,446,775.87 9.46 80.16% 2.82 1.31-0.92 2 1 1 130
% 2006 2005 2004 93,723,528.33 503,421 186.17 21.54 248,362,396.74 1,537,620 161.52 17.72 342,085,925.07 2,041,041 167.60 18.76 27.40% 114,487,094.38 638,390 179.34 17.30 186,112,442.77 1,099,923 169.20 15.86 300,599,537.15 1,738,313 172.93 16.41 38.09% 190,264,263.29 3,644,315 52.21 8.87 47,081,378.80 292,859 160.76 10.35 237,345,642.09 3,937,174 60.28 9.16 80.16% / ( / ) 2006 56,014,190.11 110,771 3,254,318.98 505.68 17.21 137,553,856.00 282,797 7,988,849.04 486.40 17.22 11,935,249.13 237,958 883,962.95 50.16 13.50 14,984,444.19 256,114 1,024,894.93 58.51 14.62 8,876,510.58 35,217 570,510.62 252.05 15.56 35,165,076.78 67,886 1,921,786.41 518.00 18.30 1 1 131
957,747.29 2,100 59,039.14 456.07 16.22 13,728,478.36 83,245 896,258.30 164.92 15.32 15,939,831.23 117,371 1,019,486.14 135.81 15.64 46,930,541.36 847,582 2,783,087.03 55.37 16.86 45,307,869.42 85,790 2,616,125.43 528.13 17.32 102,712,746.45 183,230 5,554,311.97 560.57 18.49 12,905,409.44 282,334 960,893.79 48.01 13.43 13,908,393.81 197,504 942,943.87 67.13 14.75 2005 19,176,190.04 47,791 1,182,919.76 401.25 16.21 32,806,015.33 49,188 1,998,268.61 666.95 16.42 7,227,480.55 27,707 497,623.95 237.39 14.52 6,325,470.95 38,631 397,962.21 180.57 15.89 29,870,144.93 194,769 1,923,343.81 153.36 15.53 30,359,816.24 631,370 1,706,827.34 48.09 17.79 88,771,264.72 202,041 5,904,101.01 439.37 15.04 18,064,266.17 66,818 1,274,461.59 270.35 14.17 18,055,742.86 412,245 1,425,248.44 43.80 12.67 1,573,331.34 28,502 110,207.26 55.20 14.28 2004 20,784,097.21 86,537 1,567,864.95 240.18 13.26 19,194,568.92 30,995 1,419,940.04 619.28 13.52 14,022,790.89 77,678 1,167,052.52 180.52 12.02 2,380,467.61 10,678 185,219.37 222.93 12.85 48,630,367.61 2,866,047 3,842,541.66 16.97 25.48 5,868,744.76 155,633 464,916.92 37.71 22.03 1 1 132
3 15 2004 / 2,959 125.69 -- 371,927.33 (1) 4,318 123.17-2.00% 531,867.91 2,417 204.74 -- 494,862.24 1 1 133
(2) 2,875 208.90 2.03% 600,574.52 2,830 15.45 -- 43,732.47 (1) 9,150 15.37-0.52% 140,647.44 63,520 15.17 -- 963,658.12 (2) 165,168 14.86-2.04% 2,454,656.39 198 316.64 -- 62,694.92 (1) 3,168 316.64 0.00% 1,003,118.73 804 40.46 -- 32,531.08 (2) 16,888 39.07-3.44% 659,890.79 3,000 32.48 -- 97,435.90 (1) 1,620 32.48 0.00% 52,615.38 5,037 28.76 -- 144,875.21 (1) 30,406 27.38-4.80% 832,634.95 45 37.61 -- 1,692.31 (2) 7,886 37.16-1.20% 293,062.78 111 178.18 -- 19,777.78 (1) 6,802 163.64-8.16% 1,113,052.77 (1) (2) (3) (4) (1) (2) (3) (5) 18,793 205.42 -- 3,860,527.32 10 207.27 0.90% 2,072.65 10 138.46 -- 1,384.62 5,552 148.53 7.27% 824,648.24 275 115.87 -- 31,864.52 13,803 108.04-6.75% 1,491,265.78 780 807.79 -- 630,077.19 6 776.21-3.91% 4,657.26 457 31.89 -- 14,574.35 6,951 32.31 1.32% 224,608.63 170 82.91 -- 14,094.02 2,709 82.55-0.43% 223,622.66 55 55.56 -- 3,055.56 4,190 55.04-0.94% 230,605.44 1 444.44 -- 444.44 3,259 446.16 0.39% 1,454,045.37 1 1 134
(6) (7) (8) (9) (10) (11) (12) 265 430.09 -- 113972.65 726 422.74-1.71% 306,910.70 184 496.71 -- 91,395.55 885 496.52-0.04% 439,418.77 50 694.79 -- 34,739.32 1125 685.06-1.40% 770,694.99 10 729.57 -- 7,295.73 1,137 714.23-2.10% 812,077.39 183 544.76 -- 99,691.45 2,957 541.15-0.66% 1,600,184.76 5 816.24 -- 4,081.20 3,784 762.19-6.62% 2,884,140.18 70 949.84 -- 66,488.89 303 947.59-0.24% 287,120.09 (13) (14) (15) (16) (17) (18) (19) (20) 21 1,486.72 -- 31,221.12 608 1,490.75 0.27% 906,378.55 41 774.38 -- 31,749.42 3,770 750.22-3.12% 2,828,329.73 41 924.31 -- 37,896.62 1,739 923.85-0.05% 1,606,575.14 19,964 196.01 -- 3,913,234.19 2,724 200.77 2.43% 546,907.90 210 126.50 -- 26,564.10 4,330 126.50 0.00% 547,726.50 50 354.70 -- 17,735.04 1,985 341.34-3.77% 677,565.57 25 530.60 -- 13264.96 729 525.24-1.01% 382,897.40 150 756.01 -- 113,400.85 909 749.73-0.83% 681,506.05 435,203 38,808,021.88 16.35% 1 1 135
2004 15 3,880.80 16.35% 2004-8.16% 7.27% 61.04 1.57% 2005 / (1) 3,301 31.04 -- 102,462.48 1,611 30.46-1.87% 49,067.78 403 201.81 -- 81,328.44 (1) 4,117 196.06-2.85% 807,193.74 1,194 510.18 -- 609,156.29 (2) 2,622 498.49-2.29% 1,307,032.63 (1) 19,010 218.85 -- 4,160,281.14 4 219.84 0.45% 879.35 (21) 752 872.51 -- 656,126.1 62 856.82-1.80% 53,123.08 (22) 10,920 324.35 -- 3,540,765.37 23 319.91-1.37% 7,357.91 (4) 12,963 65.01 -- 842,749.72 46,470 63.71-2.00% 2,960,726.45 (5) 3,902 102.60 -- 400,329.90 1,563 102.26-0.33% 159,833.95 (6) 5,080 149.99 -- 761,939.87 60 152.88 1.93% 9,172.82 (7) 45 89.25 -- 4,016.44 2,071 85.21-4.53% 176,477.21 (23) 261 240.74 -- 62,834.15 1 1 136
874 247.96 3.00% 216,714.92 (3) 573 63.06 -- 36,133.78 4,052 61.50-2.47% 249,195.24 (24) 47 41.68 -- 1,958.84 12,101 44.50 6.77% 538,509.50 (25) 939 344.85 -- 323,818.07 714 352.32 2.17% 251,555.20 (26) 141 391.37 -- 55,183.48 681 408.23 4.31% 278,006.98 (27) 286 726.06 -- 207,653.64 425 708.03-2.48% 300,911.77 (28) 210 632.28 -- 132,777.77 789 601.11-4.93% 474,274.27 (29) 77 746.87 -- 57,508.96 447 753.68 0.91% 336,894.31 (30) 82 710.13 -- 58,230.51 504 723.57 1.89% 364,681.47 (16) 3,905 226.92 -- 886,105.43 15 237.61 4.71% 3,564.10 (31) 3 285.17 -- 855.52 6,886 286.99 0.64% 1,976,247.30 (32) 8,328 323.95 -- 2,697,884.83 3,605 327.39 1.06% 1,180,236.24 (33) 2,106 375.13 -- 790,016.26 255 381.69 1.75% 97,330.77 (34) 584 363.25 -- 212,136.15 1,752 370.09 1.88% 648,389.74 (35) 130 305.07 -- 39,659.34 686 315.77 3.51% 216,618.43 (36) 417 448.43 -- 186,994.71 2,093 434.19-3.18% 908,761.34 (20) 250 844.26 -- 211,064.11 1,157 858.83 1.73% 993,666.67 1 1 137
(37) 25 329.55 -- 8238.68 980 340.60 3.35% 333,787.62 (38) 606 421.67 -- 255,529.26 728 421.38-0.07% 306,764.96 (39) 1 2,069.13 -- 2069.13 92 2,050.63-0.89% 188,657.96 (1) 348 179.34 -- 62409.95 2,911 169.50-5.49% 493,437.31 (2) 13 317.12 -- 4,122.53 1,518 310.58-2.06% 471,464.34 1,809 38.71 -- 70,021.38 (1) 11,720 36.82-4.88% 431,493.63 20 700.86 -- 14,017.10 (1) 240 706.08 0.74% 169,459.83 201 782.68 -- 157,317.87 (2) 417 760.39-2.85% 317,082.51 1,058 884.17 -- 935,447.96 (3) 2,010 842.50-4.71% 1,693,416.61 (1) 13,890 66.68 -- 926,169.91 474 65.45-1.84% 31,025.42 (2) 18,958 58.12 -- 1,101,851.94 1,058 57.25-1.50% 60,571.74 248,541 39,720,752.11 13.21% 2005 15 3,972.08 13.21% 2005-5.49% 6.77% 19.91 0.50% 1 1 138
2006 / 1,450 122.60 -- 177,775.13 (1) 80 123.83 1.00% 9,906.30 3,900 143.44 -- 559,417.55 (2) 755 146.11 1.86% 110,314.11 2,050 110.31 -- 226,134.29 (1) 160 112.26 1.77% 17,960.88 3,750 124.52 -- 466,967.66 1 600 127.59 2.47% 76,553.39 2,080 151.80 -- 315,740.94 1 400 154.67 1.89% 61,868.47 1,680 199.67 -- 335,441.28 2 180 204.01 2.17% 36,721.99 980 244.98 -- 240,082.55 3 80 248.35 1.38% 19,867.71 1,050 141.12 -- 148,173.90 4 300 143.50 1.69% 43,049.25 1,430 257.78 -- 368,621.48 5 150 263.50 2.22 39,524.99 4,770 238.19 -- 1,136,164.54 6 1,550 241.93 1.57% 374,988.28 495 187.65 -- 92,884.95 1 1,072 192.99 2.85% 206,884.60 1,608 21 842.99 -- 1,355,527.63 27 811.97-3.68% 21,923.07 12,880 22 301.98 -- 3,889,544.91 20 299.15-0.94% 5,982.91 12,230 40 147.80 -- 1,807,645.60 20 149.57 1.20% 2,991.45 12,880 41 390.34 -- 5,027,552.85 20 380.34-2.56% 7,606.84 1 1,906 34.34 -- 65,442.73 1 1 139
7,209 34.24-0.29% 246,853.41 4 727 51.67 -- 37,567.56 6,715 49.70-3.81% 333,725.08 5,387 8 60.59 -- 326,839.06 39,453 58.43-3.56% 2,305,174.45 4,779 9 44.11 -- 210,811.31 10,398 41.41-6.12% 430,591.58 1,323 10 34.63 -- 45,812.82 6,079 32.73-5.49% 198,992.78 11 296 104.72 -- 30,998.03 5,597 101.74-2.85% 569,455.64 16,248 12 105.60 -- 1,715,780.47 277 109.63 3.82% 30,367.51 3,954 6 152.58 -- 603,284.84 1,401 150.21-1.55% 210,437.29 12,596 13 16.38 -- 206,279.97 17,556 15.50-5.37% 272,151.77 41 236 186.93 -- 44,115.26 1,180 196.00 4.85% 231,284.52 23 238 217.86 -- 51,849.55 1,980 224.13 2.88% 443,782.10 1,149 14 54.53 -- 62,652.26 3,259 52.55-3.63% 171,266.87 24,087 15 69.34 -- 1,670,148.43 110 69.23-0.16% 7,615.39 42 842 170.94 -- 143,931.61 6,628 170.76-0.11% 1,131,794.88 43 881 170.94 -- 150,598.28 4,513 170.94 0.00% 771,452.97 44 80 500.43 -- 40,034.19 310 479.49-4.18% 148,641.04 3,003 45 466.90 -- 1,402,088.46 646 461.67-1.12% 298,241.51 46 56 513.08 -- 28,732.49 368 494.07-3.71% 181,815.99 1 1 140
6 7 505.19 -- 3,536.32 486 502.35-0.56% 244,143.60 47 6 688.03 -- 4,128.20 604 681.78-0.91% 411,793.17 28 636 605.59 -- 385,157.25 1,417 599.04-1.08% 848,836.03 48,966 71.29 -- 3,490,834.70 3 1,165 73.08 2.51% 85,138.2 29,096 61.03 -- 1,775,667.29 1 920 60.81-0.36% 55,942.30 1,044 788.46 -- 823,151.36 3 2,387 771.16-2.19% 1,840,763.68 2,857 955.99 -- 2,731,275.36 (4) 190 1,004.27 5.05% 190,811.09 275 591.34 -- 162,618.82 (5) 150 570.09-3.59% 85,512.82 618 673.40 -- 416,158.76 (5) 236 661.42-1.78% 156,095.74 1,302 64.23 -- 83,629.05 (2) 3,795 62.39-2.86% 236,782.05 (3) (4) (5) (1) (48) (49) (50) 5 410.26 -- 2,051.28 1,601 405.86-1.07% 649,786.38 10,350 93.08 -- 963,426.58 2,070 89.09-4.29% 184,406.92 2,013 164.48 -- 331,094.37 5,760 156.64-4.77% 902,267.08 293 162.33 -- 47,562.33 3,380 157.20-3.15% 531,332.03 558 1054.12 -- 588,197.47 107 1038.11-1.52% 111,077.73 298 979.20 -- 291,802.05 1,406 955.72-2.40% 1,343,745.28 1,587 880.08 -- 1,396,691.98 4,400 880.29 0.02% 3,873,286.35 (51) 99 745.15 -- 73,770.09 1 1 141
(30) (52) (53) (54) (55) 430 710.56-4.64% 305,540.25 233 707.30 -- 164,801.73 599 698.84-1.20% 418,607.71 1,170 881.38 -- 1,031,212.41 155 920.07 4.39% 142,610.25 183 869.86 -- 159,183.65 51 837.61-3.71% 59,470.10 1,963 843.66 -- 1,656,114.36 3,821 813.07-3.63% 3,106,730.26 17,024 1,521.78 -- 25,906,716.86 6 1,598.29 5.03% 9,589.74 415833 90,287,482.63 26.39% 2006 15 9,028.75 26.39% 2006-6.12% 5.05% 45.44 0.50% 3 % 93,723,528.33 73,540,043.91 20,183,484.42 21.54 2006 248,362,396.74 204,361,223.46 44,001,173.28 17.72 342,085,925.07 277,901,267.37 64,184,657.70 18.76 27.40% 2005 114,487,094.38 94,682,464.35 19,804,630.03 17.30 186,112,442.77 156,590,701.59 29,521,741.18 15.86 1 1 142
300599537.15 251,273,165.94 49,325,551.99 16.41 38.09% 190,264,263.29 173,389,908.86 16,874,354.43 8.87 2004 47,081,378.80 42,207,489.55 4,873,889.25 10.35 237,345,642.09 215,597,398.41 21,748,243.68 9.16 80.16% 2004 2004 2005 2006 80.16% 38.09% 27.40% 4 2004 2005 2006 1,851.29 2,084.90 1,215.54 9.73% 18.21% 12.97% TORIN 0.59% 0.00% 0.31% 1 1 143
1 1 144 1, ( ) 3,000 5, 30
1 1 145 ( ), 2 3 ( ) 300 5% 4 2006 7 2006
30 300 0.5% 3,000 5 2006 1 1 146
1 4 2 3 4 3 5 2006 3 704 90.26% 2004 19,026.43 78.83% 2005 11,449.23 37.81% 2006 9,372.35 26.90% 1 1 1 147
2 1 1 148
11 4 2006 3 2009 3 2006 3 2009 3 2006 3 2009 3 TORIN JACKS 2006 3 2009 3 2006 3 2009 3 2006 7 2009 3 2007 2 2009 3 2006 7 2009 3 2006 7 2009 3 2006 7 2009 3 2007 2 2009 3 1952 1970 1989 1989 1996 1997 2002 10-2006 7 2005 1 2006 7 1 1 149
1945 1960 7 1960 12 1960 12 1974 10 1974 10 1980 9 1980 10 1984 6 1984 7 1989 1996 2003 2007 1 2003 11 2006 12 2003 2002 10 2006 7 2006 7 1958 1977 1983 1983 1986 1987 2002 1992 2002 2003 2004 7 2003 1 2002 10 2006 6 2006 6 1964 1980 1989 1990-1993 8 1993 8 TORIN JACKS INC 2003 2007 1 2003 2003 11 2005 1 2006 10 1 1 150
2007 1 2002 10 TORIN JACKS INC 1962 1980 1989 1990 1992 1993 1998 5 1998 5 2002 2003 2006 3 1974 1995 8 1997 12 1998 2002 2003 2004 2005 2002 10 2006 6 2006 2006 7 1964 1986 9-1988 10 1988 10-2000 12 2001 1 80% 2001 1 2007 2 1953 2004 4 1939 1966 3 1 1 151
1986 11-1994 7 1994 7-1999 9 1999 9 1956 1979 4-1992 7 1992 8-1995 7 1995 8 1950 1975 1978 3 --1990 10 1990 10 1994 7 1994 7 1996 7 1996 7 2000 6 2000 6 2002 9 2006 3 2006 2006 7 2006 2007 2 8 2006 3 1 1 1 152
2006 3 2009 3 2006 3 2009 3 2006 7 2009 3 1949 1965 10 1968 3 1968 3 1974 3 6073 1974 3 1989 1990 2002 2003 2002 10 1947 1965 1984 1985 1989 1990 2002 2003 2002 10 1972 1996 8 1996 12 1997 2001 7 2001 8 2002 12 2003 1 2005 9 2006 6 2002 9 2006 3 2006 2006 7 1 1 153
1976 1997 8 2002 2003 2006 6 2006 7 1969 12 1990 8 2002 12 2003 2006 1 1969 1988 8 1996 2002 2003 2004 2004 2006 1975 1998 7 2001 2002 2003 2004 2005 2006 2002 9 2002 2006 3 2006 1 1 154
2006 7 2006 2006 7 2006 1 2 37.69% 78.08 1.35% 154.71 2.98% 0 750.00 12.93% 544.66 10.47% 0 75.00 1.29% 54.47 1.05% 1 1 155
0 78.09 1.35% 56.71 1.09% 15.39% 30.00 0.52% 61.79 1.19% 10.00% 0.96 0.02% 26.70 0.51% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 75.00 1.29% 54.47 1.05% 0 18.75 0.32% 13.62 0.26% 5.77% 0.61 0.01% 15.44 0.30% 5.77% 0.63 0.01% 15.46 0.30% 10.00% 4.53 0.08% 29.29 0.56% 7.69% 2.26 0.04% 21.64 0.42% 7.69% 0.26 -- 20.19 0.39% 1 2 3 0 3.09 0.05% 2.24 0.04% 0 0.26 0.00% 0.19 0.00% 0 1.97 0.03% 1.43 0.03% 0 30.00 0.52% 21.79 0.42% 0 2.43 0.04% 1.77 0.03% 1 1 156
0 0.61 0.01% 0.44 0.01% 0 30.00 0.52% 21.79 0.42% 0 2.30 0.04% 1.67 0.03% 4 1 2007 1 2 2004 5 50 75 2006 6 75 76.2284 2006 11 76.2284 78.0845 2004 5 500 750 2004 5 50 75 2006 6 75 76.2227 2006 11 76.2227 78.0884 2004 5 50 75 2004 5 20 30 2004 5 50 75 2004 5 12.5 18.75 2004 5 20 30 1 1 157
(%) 76.00 9.74% 23.00 57.5% 200.00 2.50% TORIN JACKS INC 1 1 158
2006 20 30.6 5 56 TORIN 12 10 1.5 1.5 1.5 5 3 7 7 10 1 1 159
8 8 3 / 5% 1 3 2 3 1 2 3 4 1 1 160
5 2002 9 2006 3 2006 2006 3 2006 7 2006 7 2006 7 2006 2007 2 2006 1 1 161
2002 9 26 2005 5 30 2004 2006 3 15 2006 2006 7 20 2006 2006 12 14 2006 2007 2 8 2006 2004 12 26 2004 2006 7 20 2006 1 1 2 1 1 162
2 30% 3 1 1 6 20 15 2 1 1 163
1 1 164 2 3% 3% 10 2 3 4 2/3
30% 2004 12 26 2004 2006 7 20 2006 2006 12 14 2006 1 11 4 1 2 1 1 165
3 1 1 166
2004 12 26 2004 2006 7 20 2006 1 3 1 1/3 3 1 2 1 1 167
3 1 2006 7 20 2006 2006 12 14 2006 4 2006 7 2006 1 1 168
1 1 169 2 300 5% 1/2 300 5% 3 1 2006 7 1 2006
1 1 170 2
2006 8 3 2006 50% 1 1 171
2007 1 19 2007 20054 2006 12 31 1 1 172
2004 2006 [ 2007 20051 ] 2004 2005 2006 1 2006 12 31 2005 12 31 2004 12 31 51,785,257.59 14,616,558.15 27,640,609.57 2,796,306.08 3,853,607.00 36,319,862.81 32,760,931.60 31,472,927.99 7,027,545.86 7,345,121.50 7,436,704.27 702,068.27 5,742,130.30 231,805.68 28,048,238.86 32,013,361.63 26,293,478.02 126,679,279.47 96,331,710.18 93,075,525.53 1 1 173
70,605,587.12 75,710,743.25 68,062,333.91 2,518,729.71-2,519,205.30 27,103,633.45 15,679,693.89 16,006,920.93 895,146.06 1,342,719.06 1,790,292.06 596,601.82 233,359.50 208,390.73 101,719,698.16 92,966,515.70 88,587,142.93 228,398,977.63 189,298,225.88 181,662,668.46 2006 12 31 2005 12 31 2004 12 31 61,713,050.00 47,105,300.00 62,414,750.00 42,748,324.20 32,665,193.86 37,318,179.63 1,652,588.62 1,375,618.31 6,540,127.83 2,891,447.31 560,999.96 287,640.37-242,938.11-120,386.24-768,961.34 97,445.38 75,500.12 89,366.66 916.96 910,322.26 1,930,083.04 1,347,573.29 2,214,335.72 3,697,380.72 110,208,407.65 84,786,883.99 111,508,566.91 1 1 174
- - - 110,208,407.65 84,786,883.99 111,508,566.91 52,000,000.00 52,000,000.00 52,000,000.00 17,550,343.31 13,925,797.97 8,467,429.69 47,865,856.46 31,520,145.02 9,686,671.86 117,416,199.77 97,445,942.99 70,154,101.55 774,370.21 7,065,398.90 118,190,569.98 104,511,341.89 70,154,101.55 228,398,977.63 189,298,225.88 181,662,668.46 2004 12 31 2006 2005 12 31 2 2006 2005 2004 348,370,645.88 302,855,344.61 241,370,988.22 348,370,645.88 302,855,344.61 241,370,988.22 299,835,645.49 271,625,736.87 229,476,632.56 278,090,337.16 251,309,116.17 216,299,897.58 297,522.50 130,675.44 20,875.25 6,812,226.06 5,340,012.55 983,405.20 11,317,163.98 10,150,525.98 7,305,326.30 3,575,644.84 4,430,033.65 3,186,230.68-257,249.05 265,373.08 1,680,897.55 1 1 175
48,535,000.39 31,229,607.74 11,894,355.66 332,045.33 1,015.00 5,800.00 411,469.89 209,352.91 206.57 378,238.10 208,852.91 48,455,575.83 31,021,269.83 11,899,949.09 6,095,648.34 3,729,428.39-208,390.73 42,359,927.49 27,291,841.44 12,108,339.82 42,001,380.96 27,291,841.44 12,108,339.82 358,546.53 0.81 0.52 0.23 0.81 0.52 0.23 2004 2005 3 2006 2005 2004 369,875,238.68 318,106,621.77 321,222,202.20 7,964,861.09 9,095,644.60 6,099,413.33 6,388,576.02 143,362.43 44,987.30 384,228,675.79 327,345,628.80 327,366,602.83 274,880,274.62 286,414,935.82 247,047,632.40 15,413,984.87 9,357,948.37 12,465,003.39 6,889,642.47 4,591,861.82 6,294,529.58 8,780,562.38 11,359,741.05 35,678,038.76 305,964,464.34 311,724,487.06 301,485,204.13 78,264,211.45 15,621,141.74 25,881,398.70 7,500.00 1,046,141.15 7,500.00 1,046,141.15-22,724,224.11 9,134,146.38 11,927,027.22 1 1 176
7,040,000.00 29,764,224.11 9,134,146.38 11,927,027.22-29,756,724.11-8,088,005.23-11,927,027.22 123,759,850.00 70,000,000.00 142,244,700.00 123,759,850.00 70,000,000.00 142,244,700.00 109,152,100.00 85,000,000.00 114,829,950.00 25,084,813.99 4,685,752.23 15,209,121.74 134,236,913.99 89,685,752.23 130,039,071.74-10,477,063.99-19,685,752.23 12,205,628.26-861,723.91-871,435.70-80,108.98 37,168,699.44-13,024,051.42 26,079,890.76 14,616,558.15 27,640,609.57 1,560,718.81 51,785,257.59 14,616,558.15 27,640,609.57 2004 2006 2005 2004 1 42,359,927.49 27,291,841.44 12,108,339.82-257,249.05 208,073.08 1,680,897.55 7,354,828.03 6,347,339.05 5,689,924.71 327,882.84 327,227.04 327,228.36 447,573.00 447,573.00 447,573.01 - - - - - 378,238.10 208,852.91 - - - - - 3,539,118.59 4,213,193.65 3,152,903.04-1 1 177
- -363,242.32-24,968.77-208,390.73 - - - - - 3,965,122.77-5,653,296.61-9,949,051.01-11,116,863.89-6,603,764.04 46,557,502.60-9,395,148.11-11,140,929.01-33,925,528.65 78,264,211.45 15,621,141.74 25,881,398.70 2 3 51,785,257.59 14,616,558.15 27,640,609.57 14,616,558.15 27,640,609.57 1,560,718.81 37,168,699.44-13,024,051.42 26,079,890.76 1 -- -- -- 2 -- -- -- -- -- -- 3 -- -- -- 4 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 1 -- -- -- 2 -- -- -- -- -- -- 3 -- -- -- 4 -- -- -- -- -- -- -- -- -- 1 1 178
-- -- -- 1 51,785,257.59 14,616,558.15 27,640,609.57 17,613.62 13,003.33 35,574.75 51,767,643.97 14,603,554.82 27,605,034.82 2 3 51,785,257.59 14,616,558.15 27,640,609.57 - - - 2005 2004 2005 1 2006 12 31 2005 12 31 2004 12 31 46,359,708.86 13,570,417.00 27,640,609.57 2,796,306.08 3,423,607.00 35,108,323.61 32,038,790.13 31,472,927.99 7,003,759.86 7,332,511.91 7,436,704.27 702,068.27 2,414,232.65 231,805.68 28,048,238.86 31,946,774.63 26,293,478.02-120,018,405.54 90,726,333.32 93,075,525.53 1 1 179
6,528,835.09 68,285,056.53 73,159,493.63 68,062,333.91 2,518,729.71-2,519,205.30 27,103,633.45 15,679,693.89 16,006,920.93 895,146.06 1,342,719.06 1,790,292.06 527,318.34 233,359.50 208,390.73 105,858,719.18 90,415,266.08 88,587,142.93 225,877,124.72 181,141,599.40 181,662,668.46 2006 12 31 2005 12 31 2004 12 31 61,713,050.00 47,105,300.00 62,414,750.00 42,553,956.44 32,388,327.09 37,318,179.63 1,539,109.81 1,284,789.15 6,540,127.83 2,815,099.63 223,006.64 287,640.37-791,299.16-202,820.80-768,961.34 97,445.38 75,500.12 89,366.66-909,405.30 1,930,083.04 1,177,841.27 1,912,148.91 3,697,380.72 109,105,203.37 83,695,656.41 111,508,566.91 1 1 180
- - - 109,105,203.37 83,695,656.41 111,508,566.91 52,000,000.00 52,000,000.00 52,000,000.00-17,550,343.31 13,925,797.97 8,467,429.69 47,221,578.04 31,520,145.02 9,686,671.86 116,771,921.35 97,445,942.99 70,154,101.55 225,877,124.72 181,141,599.40 181,662,668.46 2 2006 2005 2004 347,037,005.76 302,855,344.61 241,370,988.22 278,755,666.87 251,309,116.17 216,299,897.58 178,493.53 130,675.44 20,875.25 6,442,903.91 5,340,012.55 983,405.20 10,978,778.86 10,150,525.98 7,305,326.30 3,599,052.75 4,430,033.65 3,186,230.68 912.03 265,373.08 1,680,897.55 - - 47,081,197.81 31,229,607.74 11,894,355.66 332,045.33 1,015.00 5,800.00 411,269.89 209,352.91 206.57 1 1 181
378,238.10 208,852.91-47,001,973.25 31,021,269.83 11,899,949.09 5,644,870.71 3,729,428.39-208,390.73 41,357,102.54 27,291,841.44 12,108,339.82 0.80 0.52 0.23 0.80 0.52 0.23 3 2006 2005 2004 366,697,007.60 318,106,621.77 321,222,202.20 7,964,861.09 9,095,644.60 6,099,413.33 5,782,470.01 143,362.43 44,987.30 380,444,338.70 327,345,628.80 327,366,602.83 276,085,200.34 286,414,935.82 247,047,632.40 13,176,853.78 9,357,948.37 12,465,003.39 5,803,509.64 4,591,861.82 6,294,529.58 11,493,971.07 11,359,741.05 35,678,038.76 306,559,534.83 311,724,487.06 301,485,204.13 73,884,803.87 15,621,141.74 25,881,398.70 7,500.00 7,500.00 - - 22,724,224.11 9,134,146.38 11,927,027.22 7,040,000.00 1 1 182
29,764,224.11 9,134,146.38 11,927,027.22-29,756,724.11-9,134,146.38-11,927,027.22 123,759,850.00 70,000,000.00 142,244,700.00 123,759,850.00 70,000,000.00 142,244,700.00 109,152,100.00 85,000,000.00 114,829,950.00 25,084,813.99 4,685,752.23 15,209,121.74 134,236,913.99 89,685,752.23 130,039,071.74-10,477,063.99-19,685,752.23 12,205,628.26-861,723.91-871,435.70-80,108.98 32,789,291.86-14,070,192.57 26,079,890.76 13,570,417.00 27,640,609.57 1,560,718.81 46,359,708.86 13,570,417.00 27,640,609.57 2006 2005 2004 1 41,357,102.54 27,291,841.44 12,108,339.82 912.03 208,073.08 1,680,897.55 7,124,109.00 6,347,339.05 5,689,924.71 327,882.84 327,227.04 327,228.36 447,573.00 447,573.00 447,573.01 - - 378,238.10 208,852.91 - - 3,539,118.59 4,213,193.65 3,152,903.04 1 1 183
- - -293,958.84-24,968.77-208,390.73 - - 3,898,535.77-5,653,296.61-9,949,051.01-5,307,316.78-6,603,764.04 46,557,502.60-11,797,974.06-11,140,929.01-33,925,528.65 73,884,803.87 15,621,141.74 25,881,398.70 2 3 46,359,708.86 13,570,417.00 27,640,609.57 13,570,417.00 27,640,609.57 1,560,718.81 32,789,291.86-14,070,192.57 26,079,890.76 -- -- 1 7,040,000.00 -- -- 2 7,040,000.00 -- -- 2,365,177.04 -- -- 3 4,674,822.96 -- -- 4 7,233,642.52 -- -- 9,779,604.26 -- -- 2,657,543.27 -- -- 5,203,505.01 -- -- -- -- -- 1 1 184
) 1 -- -- 2 3 -- -- -- -- -- -- 4 -- -- -- -- -- -- -- -- -- -- 1 46,359,708.86 13,570,417.00 27,640,609.57 9,963.27 12,228.08 35,574.75 46,349,745.59 13,558,188.92 27,605,034.82 2 3 46,359,708.86 13,570,417.00 27,640,609.57 1 2006 2005 2004 348,370,645.88 302,855,344.61 241,370,988.22 278,090,337.16 251,309,116.17 216,299,897.58 297,522.50 130,675.44 20,875.25 6,812,226.06 5,340,012.55 983,405.20 11,317,163.98 10,150,525.98 7,305,326.30 3,575,644.84 4,430,033.65 3,186,230.68-257,249.05 265,373.08 1,680,897.55 1 1 185
48,535,000.39 31,229,607.74 11,894,355.66 332,045.33 1,015.00 5,800.00 411,469.89 209,352.91 206.57 378,238.10 208,852.91 48,455,575.83 31,021,269.83 11,899,949.09 6,095,648.34 3,729,428.39-208,390.73 42,359,927.49 27,291,841.44 12,108,339.82 42,001,380.96 27,291,841.44 12,108,339.82 358,546.53 0.81 0.52 0.23 0.81 0.52 0.23 2004 1 1 2 2006 2005 2004 347,037,005.76 302,855,344.61 241,370,988.22 278,755,666.87 251,309,116.17 216,299,897.58 178,493.53 130,675.44 20,875.25 6,442,903.91 5,340,012.55 983,405.20 10,978,778.86 10,150,525.98 7,305,326.30 3,599,052.75 4,430,033.65 3,186,230.68 912.03 265,373.08 1,680,897.55 - - 47,081,197.81 31,229,607.74 11,894,355.66 332,045.33 1,015.00 5,800.00 411,269.89 209,352.91 206.57 378,238.10 208,852.91-47,001,973.25 31,021,269.83 11,899,949.09 1 1 186
5,644,870.71 3,729,428.39-208,390.73 41,357,102.54 27,291,841.44 12,108,339.82 0.80 0.52 0.23 0.80 0.52 0.23 2004 1 1 2004 12 31 2005 12 31 2006 12 31 2006 12 31 2004 2005 2006 2006 2004 2005 2006 2006 2004 2005 2006 2006 2007 20051 2004 12 31 2005 12 31 2006 12 31 2004 2005 2006 2006 2 2006 2 33-1 1 187
780.00 2006 6 90.26% 1 2004 2005 2006 2 33 1 977.96 0.00 245.51 0.00 20.24 520.35 0.00 2006 666.09 0.00 232.05 0.00 6.93 110.32 0.00 2 364.01 28.90 131.90 3 2006 3 2006 3 2006 4 2006 6 2006 6 2006 6 1 1 1 188
1 2 1 2 3 3 4 1 2 T/T 30 45 60 1 1 189
8 6 2004 2005 2006 14.16% 52.68% 59.80% 1 2 1 23 1 1 190
2 1 1 191
3 4 5 1 1 1 192
5% 20% 40% 100% 2 3 1 1 1 193
2 3 1 1 1 194
2 3 1 1 195
4 1 2 1 2 3 1 1 196
4 1 1 197
5 10% 20 4.5% 10% 10 9% 10% 5 18% 10% 5 18% 10% 5 18% 6 1 1 1 198
2 1 1 199
3 Black-Scholes 1 2 3 4 5 6 1 1 1 200
2 3 1 1 1 201
2 1 2006 2005 2004 27% 27% 27% 12% 12% 0% 2006 33% 24% 3% 2004040 2003 49 1 1 202
2 17% [1994]031 [1997]50 [2002]7 [2003]139 [2004]64 [2004]138 1 2 3 1 1 1 203
1 1 2004 5% 5% 20% 40% 100% 2 2006 2004 1 1 2004 12 31 2005 12 31 2006 12 31 2 1 2004 2 2004 1 1 2004 12 31 18 18 2005 12 31 2006 12 31 2 20 33 1 1 204
3 1 2004 990,166.94 2 2004.1.1 -- -- -- -- 2004.12.31 69,945,710.82 208,390.73 -- 70,154,101.55 2005.12.31 97,212,583.49 233,359.50 7,065,398.90 104,511,341.89 2006.12.31 116,826,348.65 589,851.12 774,370.21 118,190,569.98 2003 2004 2003 2004 1 1 2004 12 31 208,390.73 208,390.73 2005 12 31 233,359.50 233,359.50, 2004 208,390.73 2005 24,968.77 2006 12 31 596,601.82 596,601.82 2004 208,390.73 2005 24,968.77 2006 363,242.32 589,851.12 6,750.70 767,619.51 6,750.70 774,370.21 1 1 205
1 2007 2006 2005 2004-378,238.10-208,852.91 - - - - 332,045.33 - - - - - - - - - - - - - - - - - - - - - - - - - - 288,993.75 - - - - - -33,231.79 515.00 5,593.43 - - - 209,588.68-208,337.91 5,593.43-5,543.13-25,000.55-1 1 206
215,131.81-183,337.36 5,593.43 42,001,380.96 27,291,841.44 12,108,339.82 42,075,242.90 27,475,178.80 12,102,746.39 0.51% -0.67% 0.05% + - 2005 2006 2006 300,000 14,000 8,700 9,345.33 2004 0.05% 2005 0.67% 2006 0.51% ( ) 1 2004 2004 11,899,949.09 208,390.73 208,390.73 2004 12,108,339.82 0.00 2004 12,108,339.82 1 1 207
2 2005 2005 27,266,872.67 24,968.77 24,968.77 2005 27,291,841.44 0.00 2005 27,291,841.44 3 2006 2006 41,133,724.43 1,226,203.06 363,242.32 862,960.74 2006 42,359,927.49 0.00 2006 42,359,927.49 1 2006 12 31 2006 12 31 9,451.07 2,390.51 7,060.56 10% 20 47,646,779.46 8,091,995.51 39,554,783.95 1 1 208
10% 10 40,857,893.05 13,084,176.01 27,773,717.04 10% 5 3,336,644.22 1,562,535.15 1,774,109.07 10% 5 1,445,460.00 983,847.58 461,612.42 10% 5 1,223,914.00 182,549.36 1,041,364.64 94,510,690.73 23,905,103.61 70,605,587.12 2 2006 12 31 ---- 2,518,729.71 ---- 2,518,729.71 2006 12 31 2006 12 31 6,528,835.09, 90.26% 2006 6 7,040,000.00 6,528,835.09 2 704 652.9 51.1 64.43 2006 12 31 1 1 209
( ) 11,751,822.4 600 600 11,751,822.4 9 16,361,418.32 600 563 15,351,811.05 28,113,240.72 27,103,633.45 16,361,418.32 1,118.60 2006 12 31 11,423,939.56 72.86% 2006 68480 9 2007 1 15 2006 12 31 6,171,305.00 20,000,000.00 32.41% 30,000,000.00 48.61% 11,713,050.00 18.98% 20,000,000.00 00000087 35,480,650. 89 30,000,000.00 1 1 210
2006 12 31 1,500,000 7.8087 11,713,050.00 1 2006 12 31 2,448,745.00 69,296.67 223,345.91 141,059.73 9,000 2,330,447.35 415.41% 2006 2006 12 31 5% 5% 2 2006 12 31 2006 12 31 ( ) 2006 12 31 2005 12 31 2004 12 31 52,000,000.00 52,000,000.00 52,000,000.00 1 1 211
17,550,343.31 13,925,797.97 8,467,429.69 47,865,856.46 31,520,145.02 9,686,671.86 117,416,199.77 97,445,942.99 70,154,101.55 774,370.21 7,065,398.90 118,190,569.98 104,511,341.89 70,154,101.55 1 1 212
2006 52,000,000.00 13,925,797.97 31,520,145.02 7,065,398.90 104,511,341.89 - - 52,000,000.00 13,925,797.97 31,520,145.02 7,065,398.90 104,511,341.89-3,624,545.34 16,345,711.44-6,291,028.69 13,679,228.09 42,001,380.96 358,546.53 42,359,927.49 - -511,164.91 - - -511,164.91 - - 1 1 213
- -511,164.91-511,164.91 - -511,164.91 42,001,380.96 358,546.53 41,848,762.58 - - - -6,649,575.22-6,649,575.22 - - -6,649,575.22-6,649,575.22-4,135,710.25-25,655,669.52-21,519,959.27 4,135,710.25-4,135,710.25 - - -21,519,959.27-21,519,959.27 - - - - - - - - - - 52,000,000.00 17,550,343.31 47,865,856.46 774,370.21 118,190,569.98 1 1 214
2005 52,000,000.00 8,467,429.69 9,686,671.86 70,154,101.55 - - 52,000,000.00 8,467,429.69 9,686,671.86 70,154,101.55-5,458,368.28 21,833,473.16 7,065,398.90 34,357,240.34 27,291,841.44 27,291,841.44 - - - 7,065,398.90 7,065,398.90 - - 1 1 215
- 7,065,398.90 7065398.90 - - 27,291,841.44 7,065,398.90 34,357,240.34 - - - - - - - - 5,458,368.28-5,458,368.28-5,458,368.28-5,458,368.28 - - - - - - - - - - - - 52,000,000.00 13,925,797.97 31,520,145.02 7,065,398.90 104,511,341.89 1 1 216
2004 52,000,000.00 4,030,507.82 16,122,031.29 72,152,539.11 - - 52,000,000.00 4,030,507.82 16,122,031.29 72,152,539.11-4,436,921.87-6,435,359.43-1,998,437.56 12,108,339.82 12,108,339.82 - - - - - - 1 1 217
- - - - 12,108,339.82 12,108,339.82 - - - - - - - - 4,436,921.87-18,543,699.25-14,106,777.38 4,436,921.87-4,436,921.87 - - -14,106,777.38-14,106,777.38 - - - - - - - - - 52,000,000.00 8,467,429.69 9,686,671.86 70,154,101.55 1 1 218
1 2004 2 2005 7,065,398.90 2006 2006 2006 2005 2004 5,200.00 5,200.00 5,200.00 - - - 5,200.00 5,200.00 5,200.00 2004 2005 2006 2006 12 31 2005 12 31 2004 12 31 10,090,982.28 5,955,272.03 3,226,087.89 -- 5,955,272.03 3,226,087.89 7,459,361.03 2,015,253.91 2,015,253.91 17,550,343.31 13,925,797.97 8,467,429.69 2004 2004 10% 10% 1,210,833.98 2004 2003 2,015,253.91 2005 2005 10% 10% 2,729,184.14 2006 2006 10% 4,135,710.25 2006 67 1 1 219
5,955,272.03 2006 3,040,000.00 4,000,000.00 38.97% 51.28% 7,040,000.00 511,164.91 2006 2005 2004 31,520,145.02 9,686,671.86 16,122,031.29 42,001,380.96 27,291,841.44 12,108,339.82 4,135,710.25 2,729,184.14 1,210,833.98 -- 2,729,184.14 1,210,833.98 -- -- 2,015,253.91 21,519,959.27 -- 14,106,777.38 47,865,856.46 31,520,145.02 9,686,671.86 2004 2003 2003 14,106,777.38 2005 2006 3 2006 9,519,959.27 2006 11 2006 12,000,000.00 21,519,959.27 2006 12 31 47,221,578.04 47,865,856.46 644,278.42 2006 2006 644,278.42 1 1 220
2007 2 8 2006 A 2007 2007 1 1 2006 12 31 2005 12 31 2004 12 31 9.74%774,370.21 7,065,398.90-2006 2005 2004 78,264,211.45 15,621,141.74 25,881,398.70-29,756,724.11-9,134,146.38-11,927,027.22-10,477,063.99-19,685,752.23 12,205,628.26-861,723.91-871,435.70-80,108.98 37,168,699.44-14,070,192.57 26,079,890.76 2004 2005 2006 2006 78,264,211.45 2005 62,643,069.71 2006 2005 56,883,046.99 2006 1 1 221
2005 51,768,616.91 2006 2005 11,534,661.2 2007 1 19 A 2007 2007 1 1 2007 2 8 2006 2006 12 31 1 2 3 4 5 1 200312879 16,361,418.32 1,118.60 2006 12 31 2 93006009 1 1 222
35,480,650.89 3,527 2006 12 31 2,000.00 2006 12 6 468 4.68 21,902,400.00 2006 12 26 260 2.18 5,668,000.00 2006 12 26 260 2.18 5,668,000.00 2007 1 19 [2007]99 2004 2005 2006 2006 2005 2004 1.15 1.08 0.83 0.89 0.70 0.60 (%) 48.30% 46.20% 61.38% ( / ) 9.53 9.03 4.70 ( / ) 9.23 8.63 10.11 1 1 223
( ) 5,863.92 4,167.90 2,139.83 16.69 8.47 4.94 1.51 0.30 0.50 0.71-0.27 0.50 ( / ) 2.26 1.87 1.35 0.00 0.00 0.00 (%) = / = / = / *100% = / = / = + + + + + - = + / = / = / = / = / 9 1 2006 2006 41.34% 44.12% 0.93 0.93 35.77% 38.18% 0.81 0.81 1 1 224
35.83% 38.25% 0.81 0.81 2006 12 31 117,416,199.77 2006 110,008,484.49 2 2005 2005 32.05% 37.27% 0.60 0.60 28.01% 32.57% 0.52 0.52 28.20% 32.79% 0.53 0.53 2005 12 31 97,445,942.99 2005 83,800,022.27 3 2004 2004 16.95% 17.59% 0.23 0.23 17.26% 17.90% 0.23 0.23 17.25% 17.90% 0.23 0.23 2004 12 31 70,154,101.35 2004 67,626,625.99 1 =P S S= S0 S1 Si Mi M0 Sj Mj M0 Sk P S S0 S1 Si Sj Sk M0 Mi Mj 1 1 225
2 =[P+ 1- ]/ S0 S1 Si Mi M0 Sj Mj M0 Sk+ P 3 =P E P E 4 =P/ E0 NP 2 Ei Mi M0 Ej Mj M0±Ek Mk M0 P NP E0 Ei Ej M0 Mi Mj Ek Mk 1 1 226
2002 2002 038 2002 5 31 3,754.82 4,098.31 343.49 9.15% 2002 10 28 5,200 2,288 2,912 2002 2037 1 1 227
2004 2005 2006 1 : 2006 12 31 2005 12 31 2004 12 31 126,679,279.47 55.46% 90,726,333.32 50.09% 93,075,525.53 51.24% 51,785,257.59 22.67% 13,570,417.00 7.49% 27,640,609.57 15.22% 36,319,862.81 15.90% 32,038,790.13 17.69% 31,472,927.99 17.32% 7,027,545.86 3.08% 7,332,511.91 4.05% 7,436,704.27 4.09% 28,048,238.86 12.28% 31,946,774.63 17.64% 26,293,478.02 14.47% 101,719,698.16 44.54% 90,415,266.08 49.91% 88,587,142.93 48.76% 70,605,587.12 30.91% 73,159,493.63 40.39% 68,062,333.91 37.47% 27,103,633.45 11.87% 15,679,693.89 8.66% 16,006,920.93 8.81% 228,398,977.63 100.00% 181,141,599.40 100.00% 181,662,668.46 100.00% 2006 1 1 228
1 2006 12 31 2005 12 31 2004 12 31 51,785,257.59 40.88% 13,570,417.00 14.96% 27,640,609.57 29.70% 2,796,306.08 2.21% 3,423,607.00 3.77% 0.00 0.00% 36,319,862.81 28.67% 32,038,790.13 35.31% 31,472,927.99 33.81% 7,027,545.86 5.55% 7,332,511.91 8.08% 7,436,704.27 7.99% 702,068.27 0.55% 2,414,232.65 2.66% 231,805.68 0.25% 28,048,238.86 22.14% 31,946,774.63 35.21% 26,293,478.02 28.25% 126,679,279.47 100.00% 90,726,333.32 100.00% 93,075,525.53 100.00% 2006 51,785,257.59 2005 38,214,840.59 281.60% 2006 2004 2005 2006 31,472,927.99 32,038,790.13 36,319,862.81 1.80% 13.36% 2004 2005 2006 26,293,478.02 31,946,774.63 28,048,238.86 21.50% -12.20% 2005 2005 2006 2005 2004 12,657,307.97 16,979,352.46 12,488,363.80 176,050.17 243,171.61 119,068.37 1 1 229
14,634,853.59 13,746,338.79 10,031,036.69 580,027.13 977,911.77 3,655,009.16 28,048,238.86 31,946,774.63 26,293,478.02 2006 2 2004 2005 2006 78,768,954.90 92,592,715.46 94,510,690.73 10,706,620.99 16,881,972.21 23,905,103.61 2,700 700 1,700 200 100 2 2006 12 31 2005 12 31 2004 12 31 2,090,414.57 1,839,488.92 1,736,589.39 65,109.87 105,173.55-2,155,524.44 1,944,662.47 1,736,589.39 5% 20% 1 1 230
40% 100% 1 2006 12 31 37,683,536.98 98.11% 1,884,176.85 35,799,360.13 98.57% 571,725.20 1.49% 114,345.04 457,380.16 1.26% 105,204.20 0.27% 42,081.68 63,122.52 0.17% 49,811.00 0.13% 49,811.00 0.00 0.00% 38,410,277.38 100.00% 2,090,414.57 36,319,862.81 100.00% 2 2006 12 31 634,192.00 82.67% 0.00 634,192.00 90.33% 70,523.17 9.19% 3,526.16 66,997.01 9.54% 1-2 1,099.07 0.14% 219.81 879.26 0.13% 2-3 0.00 0.00% 0.00 0.00 0.00% 61,363.90 8.00% 61,363.90 0.00 0.00% 767,178.14 100.00% 65,109.87 702,068.27 100.00% 3 1 1 231
2006 12 31 2005 12 31 2004 12 31 110,208,407.65 100.00% 83,695,656.41 100.00% 111,508,566.91 100.00% 61,713,050.00 56.00% 47,105,300.00 56.28% 62,414,750.00 55.97% 42,748,324.20 38.79% 32,388,327.09 38.70% 37,318,179.63 33.47% - 0.00% - 0.00% - 0.00% 110,208,407.65 100.00% 83,695,656.41 100.00% 111,508,566.91 100.00% 2006 12 31 1 2006 12 31 61,713,050.00 2005 14,607,750.00 2 2006 12 31 42,748,324.20 2005 10,359,997.11 1 2006 2005 2004 1.15 1.08 0.83 0.89 0.70 0.60 48.30% 46.20% 61.38% 5,863.92 4,167.90 2,139.83 16.69 8.47 4.94 / 1.51 0.30 0.50 0.71-0.27 0.50 1 1 232
2 2006 9.53 9.23 2006 1.51 16.69 2005 2006 AA 2,645.60 3 2006 2005 2004 78,264,211.45 15,621,141.74 25,881,398.70-29,756,724.11-9,134,146.38-11,927,027.22-10,477,063.99-19,685,752.23 12,205,628.26 37,168,699.44-14,070,192.57 26,079,890.76 42,359,927.49 27,291,841.44 12,108,339.82 2004 25,881,398.70 13,773,058.88 1 1 233
2005 15,621,141.74 11,670,699.70 2006 78,264,211.45 35,904,283.96 2004 2006 119,766,751.89 81,760,108.75 2006 2005 2004 ( / ) 9.53 9.03 4.70 37.78 39.87 76.60 ( / ) 9.23 8.63 10.11 39.00 41.71 35.61 1 2004 4.70 76.60 2006 9.53 37.78 2005 2004 1.80% 2006 2005 13.36% 25.47% 15.03% 2 1 1 234
2004 2005 2006 10.11 35.61 8.63 41.71 9.23 39.00 3 2004 2005 2006 4.70 76.60 9.03 39.87 9.53 37.78 10.11 35.61 8.63 41.71 9.23 39.00 100% 2005 ( ) ( ) 002026 4.05 2.30 002047 6.89 6.78 002071 7.99 2.33 002084 7.00 4.22 002098 6.18 3.84 6.42 3.89 2005 9.03 8.63 2006 9.53 9.23 2005 1 1 235
40,000.00 35,000.00 30,000.00 25,000.00 20,000.00 15,000.00 10,000.00 5,000.00-200424,137.10 22,947.66 1,189.44 1,189.99 1,210.83 200530,285.53 27,162.57 3,122.96 3,102.13 2,729.18 200634,837.06 29,983.56 4,853.50 4,845.56 4,200.14 1 2006 2005 2004 (%) (%) (%) 193,568,046.17 56.11 148,020,615.86 49.24 106,835,530.89 45.01 26,919,693.32 7.80 26,813,803.25 8.92 19,629,074.20 8.27 44,041,587.36 12.77 51,982,205.37 17.29 39,978,666.13 16.84 17,569,801.85 5.09 13,552,951.50 4.51 16,403,258.50 6.91 62,870,372.57 18.22 60,229,961.17 20.04 54,499,112.37 22.96 344,969,501.27 100.00 300,599,537.15 100.00 237,345,642.09 100.0 1 1 236
70% 2 2006 2005 2004 (%) (%) (%) 116,863,728.90 33.88 83,114,445.03 27.65 25,181,804.54 10.61 69,377,378.66 20.11 58,642,226.77 19.51 2,322,058.86 0.98 13,313,823.24 3.86 12,510,801.84 4.16 1,417,262.07 0.60 2,927,439.53 0.85 434,801.38 0.14 75,283.05 0.03 3,830,462.09 1.11 3,670,366.48 1.22 4,610,624.00 1.94 121,416,599.11 35.20 128,647,621.93 42.80 174,648,088.74 73.58 17,240,069.76 5.00 13,579,273.72 4.52 29,090,520.83 12.26 344,969,501.27 100.00 300,599,537.15 100.00 237,345,642.09 100.00 50% 2004 2006 60% 3 2006 2005 2004 193,568,046.17 30.77% 148,020,615.86 38.55% 106,835,530.89 26,919,693.32 0.39% 26,813,803.25 36.60% 19,629,074.20 44,041,587.36-15.28% 51,982,205.37 30.02% 39,978,666.13 1 1 237
17,569,801.85 29.64% 13,552,951.50-17.38% 16,403,258.50 62,870,372.57 4.38% 60,229,961.17 10.52% 54,499,112.37 344,969,501.27 14.76% 300,599,537.15 26.65% 237,345,642.09 2005 2006 26.65% 14.76% 2004 2005 2006 2006 2005 2004 344,969,501.27 14.76% 300,599,537.15 26.65% 237,345,642.09 67,733,563.61 37.32% 49,326,371.21 126.81% 21,748,243.68 2,546,745.11 14.73% 2,219,857.23-33.19% 3,322,846.96 48,535,000.39 55.41% 31,229,607.74 162.56% 11,894,355.66 48,455,575.83 56.20% 31,021,269.83 160.68% 11,899,949.09 42,001,380.96 53.90% 27,291,841.44 125.40% 12,108,339.82 1 2 2005 2006 1 1 238
2004 2005 2006 11,899,949.09 31,021,269.83 48,455,575.83 2005 2006 160.68% 56.20% 2004 2005 2006 12,108,339.82 27,291,841.44 42,001,380.96 2005 2006 125.40% 53.90% 2005 2006 1 2005 2006 26.65% 14.76% 2 ODM 2004 2005 2004 2005 2006 13.67 16.91 16.77 2005 2004 23.70% 13.86% 2006 2005 23.54% 3 2005 2006 36.85% 44.14% 15.49% 21.59% 2006 84.14% 4 2004 2005 2006 32.06% 33.54% 37.20% 1 1 239
2006 72.93% 3 140 2004 2005 2006 34.45% 26.65% 14.76% 2005 2006 26.65% 14.76% 160.68% 56.20% 125.40% 53.90% 4 1 2 1 1 240
3 20% 30% 4 5 2006 22,322.40 7,462.33 5,458.74 12,921.07 57.88% 2006 1% 129.21 2.75% 2006 1% 4.12% 1% 0.57% 1% 0.94% 1% 0.31% 1% 4.12% 1 1 241
1% % 491.83 4.91 193.57 4.12 54.49 0.54 26.92 0.57 427.16 4.27 44.04 0.94 172.08 1.72 14.69 0.31 65.15 0.65 62.87 1.34 -- -- 342.09 7.28 2006 0.38% 2006 2005 2004 348,370,645.88 15.03% 302,855,344.61 25.47% 241,370,988.22 348,370,645.88 15.03% 302,855,344.61 25.47% 241,370,988.22 299,835,645.49 10.39% 271,625,736.87 18.37% 229,476,632.56 278,090,337.16 10.66% 251,309,116.17 16.19% 216,299,897.58 297,522.50 127.68% 130,675.44 525.98% 20,875.25 6,812,226.06 27.57% 5,340,012.55 443.01% 983,405.20 11,317,163.98 11.49% 10,150,525.98 38.95% 7,305,326.30 3,575,644.84-19.29% 4,430,033.65 39.04% 3,186,230.68-257,249.05-196.94% 265,373.08-84.21% 1,680,897.55 48,535,000.39 55.41% 31,229,607.74 162.56% 11,894,355.66 332,045.33 32613.83% 1,015-82.50% 5,800 411,469.89 96.54% 209,352.91 101247.20% 206.57 378,238.10 81.10% 208,852.91 - - 48,455,575.83 56.20% 31021269.83 160.68% 11899949.09 6,095,648.34 63.45% 3,729,428.39 - -208,390.73 42,359,927.49 55.21% 27,291,841.44 125.40% 12,108,339.82 42,001,380.96 53.90% 27,291,841.44 125.40% 12,108,339.82 1 1 242
358,546.53 - - - - 0.81 55.21% 0.52 126.09% 0.23 0.81 55.21% 0.52 126.09% 0.23 1 2006 2005 2004 348,370,645.88 15.03% 302,855,344.61 25.47% 241,370,988.22 344,969,501.27 14.76% 300,599,537.15 26.65% 237,345,642.09 3,401,144.61 50.77% 2,255,807.46-43.96% 4,025,346.13 1 2005 2006 25.47% 15.03% 2 3 2006 2005 2004 3,401,144.61 50.77% 2,255,807.46-43.96% 4,025,346.13 1,089,613.53 0.00 765,716.40 2,175,783.89-1.44% 2,207,588.67-31.12% 3,204,872.47 135,747.19 181.52% 48,218.79-11.94% 54,757.26 2 2005 2006 18.37% 10.39% 1 1 243
1 2005 2006 16.19% 10.66% 2006 2005 2004 278,090,337.16 10.66% 251,309,116.17 16.19% 216,299,897.58 277,235,937.66 10.33% 251,273,165.94 16.55% 215,597,398.41 854,399.50 2,276.62% 35,950.23-94.88% 702,499.17 2 2006 2005 2004 63,749.50 214,921.84 130,675.44 20,875.25 9,425.58 9,425.58 297,522.50 130,675.44 20,875.25 2006 3 1 1 244
2006 2005 2004 6,812,226.06 1.96% 5,340,012.55 1.76% 983,405.20 0.41% 11,317,163.98 3.25% 10,150,525.98 3.35% 7,305,326.30 3.03% 3,575,644.84 1.03% 4,430,033.65 1.46% 3,186,230.68 1.32% 21,705,034.88 6.23% 19,920,572.18 6.58% 11,474,962.18 4.75% 2006 2005 2005 2006 4 2004 2005 2006 983,405.20 5,340,012.55 6,812,226.06 690,119.80 4,288,884.72 4,251,355.71 2005 2004 2004 2004 / 2006 5 6 2005 1 1 245
2006 7 2006 2005 2004-257,249.05-0.07% 265,373.08 0.09% 1,680,897.55 0.70% 2004 2004 2005 2006 3 4 2006 2005 2006 5 2004040 2003 2004 2005 12% 2006 12% 33% 12% 6 2006 2006 1 1 246
1 2006 2005 2004 42,006,893.31 24,760,871.71 11,544,826.21 5,039,701.56 4,487,193.29 2,606,461.11 9,144,041.07 10,495,871.53 3,385,191.60 3,552,201.09 1,474,708.52 1,186,448.76 7,990,726.58 8,107,726.16 3,025,316.00 67,733,563.61 49,326,371.21 21,748,243.68 2005 2006 126.81% 37.32% 2006 82.96% 62.02% 2 2006 2005 2004 21.70% 16.73% 10.81% 18.72% 16.73% 13.28% 20.76% 20.19% 8.47% 20.22% 10.88% 7.23% 12.71% 13.46% 5.55% 19.63% 16.41% 9.16% 2005 2006 7.25 3.22 1 1 247
1 2004 76,091,969.06 32.06% 65,279,836.13 14.21% 9.16% 2005 100,809,422.04 33.54% 82,956,499.13 17.71% 15.68% 2006 127,264,946.72 37.20% 98,575,405.87 22.54% 18.76% 2005 2006 1.48 3.66 2004 2005 2006 2006 32.06% 33.54% 37.20% 49.71% 36.19% 44.70% 2006 72.93% 2 2004 43,472,217.12 18.32% 38,458,176.36 11.53% 9.16% 2005 46,568,273.51 15.49% 36,647,176.78 21.30% 15.68% 2006 73,839,923.46 21.59% 58,308,462.52 21.03% 18.76% 2005 2006 64 82 2005 2006 2006 36.85% 44.14% 15.49% 21.59% 2005 2006 37.85% 1 1 248
48.57% 20.11% 24.20% 2006 84.14% 3 / / 2004 13.67 12.42 9.16% 2005 16.91 14.13 15.68% 2006 16.77 13.62 18.76% 2004 2005 2005 2004 23.70% 13.86% 13.77% 7.25 2006 2005 23.54% 3.61% 0.83% 2.35 4 2004 2005 2006 9.16% 16.41% 18.76% 2005 2006 7.25% 2.35% 2006 2005 2004 56.58% 7.87% 7.34% -1.05% 49.24% 8.92% 4.23% 0.65% 45.01% 8.27% 1 1 249
12.87% -4.42% 17.29% 0.45% 16.84% 4.29% -0.22% 4.51% -2.40% 6.91% 18.38% -1.66% 20.04% -2.92% 22.96% 100.00% 12.86% 100.00% 18.34% 100.00% 2006 2005 2004 21.02% 4.29% 16.73% 5.92% 10.81% 18.02% 1.29% 16.73% 3.45% 13.28% 20.08% -0.11% 20.19% 11.72% 8.47% 15.55% 4.67% 10.88% 3.65% 7.23% 11.95% -1.51% 13.46% 7.91% 5.55% 18.76% 2.35% 16.41% 7.25% 9.16% 2006 2005 3.66% 3.37% -0.07% 0.39% -0.91% 2.06% 0.18% -0.01% -0.50% 1.42% 2.35% 7.25% = * 1 1 250
2006 2005 2.11% 1.54% 3.65% 2.66% 0.71% 3.37% 0.12% -0.19% -0.07% 0.29% 0.11% 0.40% -0.02% -0.89% -0.91% 1.97% 0.09% 2.06% 0.21% -0.03% 0.18% 0.25% -0.26% -0.01% -0.30% -0.20% -0.50% 1.82% -0.39% 1.43% 2.12% 0.23% 2.35% 6.99% 0.26% 7.25% 2005 2005 4.23% 0.71% 5.92% 2.66% 3.37% 0.45% 0.09% 11.72% 1.97% 2.06% 2006 2006 7.34% 1.54% 4.29% 2.11% 3.65% 2004 2005 2006 2006 2005 2004 21.02% 491.83 388.43 16.73% 550.22 458.13 10.81% 397.37 354.43 1 1 251
18.02% 54.49 44.67 16.73% 55.88 46.56 13.28% 44.54 38.62 20.08% 427.16 341.40 20.19% 536.02 427.79 8.47% 340.15 311.35 15.55% 172.08 145.32 10.88% 204.30 182.07 7.23% 185.65 172.22 11.95% 65.15 57.37 13.46% 72.91 63.09 5.55% 18.04 17.03 18.76% - - 16.41% - - 9.16% - - 2005 ( ) 152.85 38.47% 103.70 29.26% 11.34 25.46% 7.94 20.56% 195.87 57.58% 116.44 37.40% 18.65 10.05% 9.85 5.72% 5.92% 54.76% 3.45% 25.98% 11.72% 138.37% 3.65% 50.48% 54.87 304.16% 46.06 270.37% 7.91% 142.52% 2005 2006 ( ) -58.39-10.61% -69.69-15.21% -1.39-2.49% -1.89-4.06% 4.97% 29.71% 1.99% 11.89% 1 1 252
-108.86-20.31% -86.38-20.19% -32.22-15.77% -36.75-20.18% 0.57% 2.82% 9.34% 85.85% -7.76-10.64% -5.73-9.08% -0.75% -5.57% 2006 2006 2005 2004 / 0.51% -0.67% 0.05% / / 0.85% 1 2 3 2006 358,546.53 2006 90.26% 1 1 253
1 2004 2005 2006 1,192.70 913.41 2,272.42 4 18,984.71 1 2006 2005 2006 AA 1 1 254
2 2006 1 2005 305.12 26.44% 66.71 20.65% 2006 1 9 9,650 25-28 3-5 4% 2006 1.35 20% 30% 1 1 255
3 5 15 20% 2 1 14,330.00 2,142.20 29,800.00 4,535.80 20,760.00 2,156.18 2 3 1 1 256
3 4 85% 60% 2004 2005 2006 5 2004 2005 2006 3,360.70 15,837.26 20,631.28 14.16% 52.69% 60.31% 6 1 1 257
2010 10 1.5 1 1 258
1 TORIN 2005 2006 2 1 1 259
3 4 5 1 1 1 260
2 2007 2008 2009 40,000 50,000 80,000 5,600 7,000 11,000 1 2 1 1 261
2009 30% 50% 100 3 2 2 5 30 50 4 90% 5 6 1 1 262
1 2007 2007 2 3 4 5 6 1 1 263
1,800 18, 984.71 1. 2,998.63 1,083.53 1,915.10 2. 9,043.85 3,365.59 5,678.26 3. 5,115.15 1,861.18 3,253.97 4. 1,827.08 1,319.13 507.95 18,984.71 7,629.43 11,355.28 1. [2006]44 2. [2006]33 3. [2006]34 4. [2006]43 1 1 264
2007 1 19, A A 2007 2 8 2006 DIY 8 0.8 2.5 12-14 25-28 3-5 4% 3 5 1 1 265
15 20% 100% 2006 2006 1 17.70% 64.86% 38.77% 23.20% 21.75% 2 41.5" 50.58% 56" 664.87% 72" 3 124.58% 26.8" 126.24% 41.5" 20.24% 1 25% 1 1 266
2 2004 2005 2006 14.16% 52.69% 60.31% 3 2004 2005 2006 90 93 105 84.16 87.34 97.86 93.51% 93.91% 93.20% 82.71 84.58 99.07 98.28% 96.84% 101.24% 1 1 267
1 73 40 I 0.5 II 0.5 10 10 2 10 2 12.2 41.5" 3 56" 2.5 72" 0.5 0.7 3 13.6 6 28.6" 3 41.5" 0.8 4 2004 2005 2006 30 30 42 52.80 48 51 51 46.00 12 12 12-9 9 9-99 102 114 98.80 5 176.75 / 2006 82.90 / 1 10% 2 1 1 268
3 2006 3.65 3.72 8 6 1 1 269
1 [2006]44 2 [1996]60 2,998.63 2,708.83 289.80 3 25% 1 1 270
73 I II II 4 1 Q/320581TR009 2006 2 3 ( ) ( ) ( ) 1 1 600.00 600.00 2 4 130.00 520.00 3 4 18.00 72.00 4 2 20.00 40.00 1 1 271
5 20 16.00 320.00 6 7 10.00 70.00 7 24 3.00 72.00 8 2 50.00 100.00 9 2 15.00 30.00 10 2 20.00 40.00 11 4 10.00 40.00 12 2 20.00 40.00 13 2 10.00 20.00 5 2,708.83 2,708.83 257.34 257.34 10 5% 6 13,048m 2 24,680.6m 2 2600m 2 1 1 272
7 1 1 0.5mm 892.10 2 0.6mm 3,410.90 3 0.7mm 1,911.70 4 0.8mm 667.40 5 0.9mm 326.40 6 1.0mm 451.33 7 1.2mm 335.75 8 1.5mm 520.45 9 2.0mm 127.20 10 3.0mm 163.00 11 73.00 12 644.00 13 73.00 2 145.60 6.67 m 3 91.40 m 3, 8 73 14,330.00 400,000 4,000 1 5,000 430 2 5,000 1,000 1 1 273
100,000 1,400 100,000 1,900 20,000 1,600 100,000 4,000 730,000 14,330 12,181.97 2,148.03 2,142.20 % 58.29 % 58.45 % 14.95 4.70 2 % 38.10 (ic=12%) 4,458.54 % 51.27 9 1 1 274
1 [2006]33 2 [1996]60 9,043.85 8,413.98 629.86 3 1 1 275
12.20 4 1 Q/320581TR009 2006 2 3 1 1 260.00 260.00 2 1 250.00 250.00 3 63 8 8.00 64.00 4 110 6 18.00 108.00 5 160 4 25.00 100.00 6 200 6 40.00 240.00 7 80 2.00 160.00 8 ARIES-255NT 4 130.00 520.00 9 20 18.00 360.00 1 1 276
10 THJ3000-0.5-XHP 4 40.00 160.00 11 3 25.00 75.00 12 1 80.00 80.00 13 20 10.00 200.00 14 3 20.00 60.00 15 6 20.00 120.00 16 2 50.00 100.00 17 1 120.00 120.00 5 3,664.10 4,669.89 8,333.98 174.04 443.64 617.68 20 5 10 5% 6 5 3.5 12 900 90.52 25,317 102.72 130.47 27.75 193.45 7 1 1 1 277
1 0.6mm 245.10 2 0.7mm 503.75 3 0.8mm 1,066.84 4 0.9mm 220.32 5 1.0mm 2,823.34 6 1.2mm 6,168.57 7 1.5mm 2,566.97 8 2.0mm 77.14 9 2.5mm 19.67 10 3.0mm 2.88 11 12.25 12 590.00 13 12.25 2 387.75 9.86 m 3 67.06 m 3, 8 12.20 29,800.00 41.5" 30,000 3,300 41.5" 30,000 5,400 56" 25,000 5,250 56" 25,000 7,250 72" 5,000 3,000 1 1 278
72" 7,000 5,600 122,000 29,800 25,250.46 4,549.54 4,535.80 % 39.50 % 39.62 % 15.22 5.56 2 % 26.76 (ic=12%) 8195.82 % 53.14 9 1 [2006]34 2 [1996]60 5,115.15 427.84 4652.95 462.19 1 1 279
3 3 13.60 4 1 Q/320581TR009 2006 2 3 1 1 280
1 1 260.00 260.00 2 1 250.00 250.00 3 63 8 8.00 64.00 4 110 4 18.00 72.00 5 160 3 25.00 75.00 6 200 4 40.00 160.00 7 40 2.00 80.00 8 ARIES-255NT 3 130.00 390.00 9 15 18.00 270.00 10 THJ3000-0.5-XHP 2 40.00 80.00 11 10 10.00 100.00 12 15 5.00 75.00 13 1 100.00 100.00 14 3 20.00 60.00 15 6 20.00 120.00 16 1 50.00 50.00 17 40 2.00 80.00 5 1,184.22 3,408.73 4,592.95 56.25 323.83 380.08 20 5% 10 5% 6 39.95 12,060 6 1 1 281
7 1 1 0.6mm 79.08 2 0.8mm 330.00 3 1.5mm 37.47 4 1.0mm 975.252 5 1.2mm 1,207.96 6 0.8mm 786.87 7 1.2mm 517.16 8 1.5mm 27.54 9 2.0mm 37.80 10 2.5mm 21.136 11 3.0mm 95.13 12 1.0mm 264.648 13 1.2mm 264.36 14 13.60 15 98.00 16 13.60 2 233.67 5.54 m 3 54.86 m 3, 8 13.60 20,760.00 1 1 282
60,000 2,400 26.8"30,000 5,400 26.8"30,000 8,400 41.5" 8,000 1,920 41.5" 8,000 2,640 136,000 20,760 18,597.29 2,162.71 2,156.18 % 32.56 % 32.66 % 10.39 6.04 2 % 23.41 (ic=12%) 3,453.06 % 63.12 9 1 [2006]43 2 1 1 283
[1996]60 1,827.08 50 1400.39 76 3 2000 9 5 2005 3-5 2 2 5 30 25 2004 2005 2006 18.32% 15.49% 21.59% 2.37 5.62 2.27 1 1 284
4 1 2 5 97 51 1 1 285
70 CAD/CAPP/PDM 1 ( ) ( ) 1 1 300.00 300.00 2 1 780.00 780.00 3 2 20.00 40.00 4 1 130.00 130.00 5 CAD/CAPP/PDM 1 40.00 40.00 6 1 20.00 20.00 7 1 10.00 10.00 8 2 16.00 32.00 6 1,500 m 2 1,500m 2 7 240KW 1 m 3 /h 8 m 3 /d 8 2 1 1 1 286
2 3 4 9 2006 12 31 11,741.62 2.26 1 1 287
1 14,330.00 2,142.20 2 29,800.00 4,535.80 3 20,760.00 2,156.18 4 -- -- 64,890.00 8,834.18 1 1 288
1 600m 3 /d 2 3 4 1. [2006]210 2. [2006]208 3. [2006]209 4. [2006]203 1 1 289
1 2 10% 3 4 50% 1 2004 2004 2 2005 2006 3 15 2006 2005 2005 9,519,959.27 2006 11 15 2006 2005 12,000,000.00 1 1 290
3 2006 2007 2 8 2006 2006 2006 2006 12 31 4,786.59 2006 2007 2007 1 1 1 1 291
0512 52346618 0512 52346558 http //www.tongrunindustries.com jstr@tongrunindustries.com 1 2 1 1 292
3 500 500 2006 1 26 2006 1 26 2007 1 25 3,000 1 2006 11 22 1,000 2006 11 22 2007 5 22 4.65 2 2006 11 28 1,000 2006 11 28 2007 5 28 4.65 3 2006 9 19 2,000 2006 9 19 2007 3 18 5.58% 4 2007 1 12 1 1 293
1,000 2007 1 12 2007 7 12 4.65 1 2006 9 19 3,527 2006 9 19 2008 6 1 00000087 35,480,650.89 2 2006 6 2 1,118.60 2006 6 2 2008 6 1 2006 000547 16,361,418.32 2006 500 100 20 3,065.13 0.7 1250 CPCC-SD 300 1,509,000 2006 500 100 21 381.26 100 1 1 1 294
27.5 10000 385 30 2006 11 16 60 2007 1 19 45 1 1 295
1 1 296
1 1 297
2007 2 12 1 1 298
2007 2 12 1 1 299
2007 2 12 1 1 300
2007 2 12 1 1 301