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2004 2004 YUEYANG PAPER CO.,LTD. 600963 414002 http://www.yypaper.com zq@tigerfp.com 414002 2
0730-8590330 8590683 0730-8562203 zq@tigerfp.com http://www.sse.com.cn 2000 9 28 2004 6 21 4300001004904 430602722587712 430602722587712 : ( ) 1,029,951,972.30 467,732,115.07 120.20 ( ) 477,021,049.42 452,899,338.32 5.33 ( ) 1,347,587,419.74 763,488,609.57 76.50 799,364,410.32 284,494,591.25 180.98 ( ) ( ) 4.44 2.85 55.79 ( ) 4.44 2.79 59.14 3
1 6 ( ) 22,194,864.57-22,231,268.30 - ( ) ( ) 0.12 - % 2.78-75,408,732.05 - ( ) 1 8000 5 10 : : -54,333.92 17,930.19-36,403.73 99,866,715 80,000,000 179,866,715 (+/-) 1 99 866 715 99 866 715 4
: 99 606 715 260 000 2 3 4 99 866 715 1 2 3 4 80 000 80 000 80 000 80 000 99 606 715 260 000 99 866 715 80 000 000 80 000 000 99 866 715 80 000 000 179 866 715 2004 6 30 41874 ( ) ( ) ( ) ( ) 0 85 306 715 47.43 0 13 000 000 7.23 3 213 990 3 213 990 1.79 0 650 000 0.36 5
0 650 000 0.36 395 000 395 000 0.22 350 000 350 000 0.19 348 057 348 057 0.19 243 900 243 900 0.14 242 200 242 200 0.13 ( ) 5% 5% 2004 6 30 ( ) 3,213,990 A 395,000 A 350,000 A 348,057 A 6
243,900 A 242,200 A 237,000 A 206,015 A 201,700 A 198,100 A 130,000 1 2004 2 29 2004 4 3 2003 2 2004 2 29 2004 4 3 2003 2 16 2010 2,000 10 500 550 7
6% 15% 1. 2. 3. 4. 5. 6. 7. 6 30 2004 30 2004 6 30 1999 4 5 1 77,537 73,459 72,701 93.76% 2 10% 8
3 (%) 0 329,152,566.85 259,523,946.66 21.15 0 0 119,751,464.34 92,788,785.51 22.52 191,823,651.03 151,770,086.08 20.88 4 2004 1-6 2003 2003 % 329,152,566.85 686,088,993.57 47.98 67,862,816.35 149,577,211.95 45.37 22,194,864.57 47,648,788.66 46.58 75,408,732.05 29,732,183.09 253.63 2003 2003 9
5 2004 6 30 2003 12 31 % 1,347,587,419.74 763,488,609.57 76.50 799,364,410.32 284,494,591.25 180.98 8000 2004 5 10 50,765.50 6 251,104,083.02 20,258,421.96 2003 12 7 10% 8 A B A B PRC APMP 10
1 [2004]45 8000 2004 5 10 [2004]63 8000 2004 5 25 2004 008 50,765.50 8,000 42,765. 50 50,765.50 : : 36,408.10 36,408.10 12 33,642.54 33,642.54 0 6,012 0 0 12 11,110 2,765.56 0 50,764.54-36,408.10 0-2 12 A 2003 6 29 2003 7 1 11
12 B a) [2004]54 12 b) 2003 12 31 2004 074 2003 12 31 158, 001.09 169,883.91 [2004]34 52,492 58,196 110.87 29,011 17,964 61.92 12,477 7,472 59.89 93,980 83,632 88.99 c) 33,642.54 100% d) 2004 1 6 12
e) 92,637.56 f) 2004 7 1 12 C 12 2004 1-6 9 2004 24 4 2004 6 30 2,539.8 341.74 1,827.07 335.96 5,940 90 1,491.11 93,909 1422.86 A 1# 2# 3# 150 / 2004 6 30 60% 7 B 2004 6 30 P EP 13
C 2004 6 30, 2004 8 D 5.1 5.1 2004 6 30 4 1/3 72,818,693.08 15,966.53 76,278,098.36 0 72,818,693.08 15,966.53 76,278,098.36 0 72,818,693.08 15,966.53 2004 4 3 14
2003 2003 10,063.61 952.98 7,612.63 0.15 14,980,007 1 2004 1-6 2003 1,567,277.25 864,816.90 640,494.00 2,574,806.73 2,207,771.25 3,439,623.63 2 2004 1-6 2003 85,829,723.89 66,754,568.93 642,427.26 1,829,329.74 86,472,151.15 68,583,898.67 3 2004 1-6 2003 31,109,266.67 1,015,000.00 2,030,000.00 700,000.00 1,400,000.00 2,645,260.00 3,558,656.37 79,000.00 158,000.00 10,741,661.58 21,336,496.90 12,535,661.58 38,511,624.78 15
4 ---- 2004 6 30 336 441 366 53 3,475,371.81 ---- 2004 6 30 5,408,330.80 2,067,349.62 1 2 2003 56 2003 56 70% 50% 2003 56 16
2004 2 29 2004 4 3 2003 2003 17
(1) 2004 6 30 2004.06.30 2003.12.31 5-1 336,180,070.79 80,175,437.47 5-2 8,427,202.40 27,521,015.10 5-3 117,572,715.08 104,386,936.49 5-4 350,127,537.90 10,449,702.18 5-5 65,573,997.44 61,768,442.17 5-6 152,070,448.69 182,911,149.19 5-7 - 519,432.47 1,029,951,972.30 467,732,115.07 : - - 5-8 535,877,293.06 515,063,777.70 5-8 297,031,269.61 287,285,287.99 5-8 238,846,023.45 227,778,489.71 5-8 - - 5-8 238,846,023.45 227,778,489.71 - - 5-9 60,518,713.83 54,061,969.82 - - 299,364,737.28 281,840,459.53 5-10 18,270,710.16 13,916,034.97 18,270,710.16 13,916,034.97 1,347,587,419.74 763,488,609.57 18
(2) 2004 6 30 2004.06.30 2003.12.31 5-11 227,600,000.00 157,600,000.00 95,170,000.00 3,000,000.00 5-12 101,059,230.59 174,909,416.70 5-13 1,645,321.80 12,229,215.47 - - 4,633,640.24 4,281,013.51 - - 5-15 29,373,407.14 39,451,422.43 5-16 -133,526.60-509,008.40 5-17 17,055,333.32 16,937,278.61 5-18 617,642.93 - - - 5-19 - 45,000,000.00 - - 477,021,049.42 452,899,338.32 - - 5-20 68,000,000.00 23,000,000.00 5-21 3,201,960.00 3,094,680.00 - - 71,201,960.00 26,094,680.00 - - - - 548,223,009.42 478,994,018.32 5-22 179,866,715.00 99,866,715.00 5-22 179,866,715.00 99,866,715.00 5-23 477,711,568.19 50,056,606.44 5-24 43,464,937.72 43,464,937.72 8,126,697.50 5,789,383.39 5-25 98,321,189.41 76,126,324.84 5-14 - 14,980,007.25 799,364,410.32 284,494,591.25 1,347,587,419.74 763,488,609.57 19
2004 6 30 2004 1-6 2003 5-26 329,152,566.85 686,088,993.57 5-27 259,523,946.66 531,612,342.86 5-28 1,765,803.84 4,899,438.76-67,862,816.35 149,577,211.95-5-29 20,258,421.96 19,817,083.09 : 5-30 21,324,392.59 34,668,543.64 24,009,634.54 52,497,486.55 5-31 9,606,213.71 11,200,194.77-33,180,997.47 71,028,070.08-145,296.80 429,183.00 5-32 199,630.72 70,211.06 33,126,663.55 71,387,042.02 5-33 10,931,798.98 23,738,253.36 ( "-" ) 22,194,864.57 47,648,788.66 76,126,324.84 60,134,619.46 98,321,189.41 107,783,408.12 0.00 4,764,878.87 0.00 2,382,439.43 98,321,189.41 100,636,089.82 9,529,757.73 0.00 14,980,007.25 98,321,189.41 76,126,324.84 20
2004 6 30 672,912,962.69 110,100.00 673,023,062.69 492,465,523.88 46,571,701.39 36,188,515.48 5-34 22,388,589.89 597,614,330.64 75,408,732.05 566,253.79 566,253.79 34,268,780.44 336,425,400.00 370,694,180.44-370,127,926.65 515,786,181.75 212,600,000.00 728,386,181.75 142,600,000.00 24,830,353.83 10,232,000.00 177,662,353.83 21
550,723,827.92 256,004,633.32 1 22,194,864.57 778,573.26 12,074,449.28 519,432.47 617,642.93 199,630.72 7,276,155.18 24,948,948.50 10,015,068.46-3,216,033.32 75,408,732.05 2 3 336,180,070.79 80,175,437.47 256,004,633.32 22
( ) 1 2000 149 2000 9 28 8000 2004 5 25 179,866,715.00 4300001004904 2 2000 9 30 2004 6 30 3 1 2 1 1 12 31 23
3 4 5 6 7 1 5% 1 2 10% 2 3 15% 3 4 30% 4 5 50% 5 80% A B 24
( ) 8 9 20% 20% 20% 25
20% 20% 20% 10 10 1 2000 2 A B C D E 26
3% % 25 3.88 14 6.93 20 4.85 10 9.7 40 2.425 8 12.125 11 27
12 A, B C D 10 13, 28
14 A B C = 15 29
16 1995 11 50% 1 1 17% 13% 7% 3% 2 33% 2 1 2 10% 30
50% 3 5%-10% 4 5 3 1 2004 6 30 2003 12 31 131,577.98 61,877.24 216,633,617.16 67,520,670.34 119,414,875.65 12,592,889.89 336,180,070.79 80,175,437.47 2 2004 6 30 2003 12 31 8,427,202.40 27,521,015.10 3 2004 6 30 2003 12 31 % 124,859,965.86 100 7,287,250.78 111,066,794.81 100 6,679,858.32 1 73,335,929.65 58.30% 2 5% 5% 4 31 % 1 117,647,082.19 94.22 5,882,354.11 100,418,691.24 90.41 5,020,934.56 1-2 907,455.40 0.73 90,745.54 5,138,555.41 4.63 513,855.54 2-3 5,356,492.54 4.29 803,473.88 4,736,197.21 4.26 710,429.58 3-4 399,551.89 0.32 119,865.57 309,744.60 0.28 92,923.38 4-5 162,317.96 0.13 81,158.98 97,232.72 0.09 48,616.36 5 387,065.88 0.31 309,652.70 366,373.63 0.33 293,098.90 2004 6 30 2003 12 31 % % 1 10,713,981.20 3.05 535,699.06 7,293,364.13 65.08 364,668.21 1-2 3,905,006.40 34.79 390,500.64 3,899,006.95 34.79 389,900.69 2-3 11,000.00 0.13 1,650.00 14,000.00 0.13 2,100.00 336,425,400.00 95.83 351,055,387.60 100.00 927,849.70 11,206,371.08 100.00 756,668.90
1 340,277,987.2 96.93% 2 12 3 5% 5% 336,425,400.00 12 5 2004 6 30 2003 12 31 % % 1 63,737,925.51 97.20 59,943,411.09 97.05 1-2 1,836,071.93 2.80 1,825,031.08 2.95 65,573,997.44 100.00 61,768,442.17 100.00 1 5% 5% 6 2004 6 30 2003 12 31 100,604,650.47 7,760,700.84 153,990,602.39 7,760,700.84 54,073,593.02 30,923,714.33 5,152,906.04 5,757,533.31 159,831,149.53 7,760,700.84 190,671,850.03 7,760,700.84 1 16.17% 7 195,430,215.87 911,000.00 194,519,215.87 206,408,392.09 1,014,346.00 72,200.83 207,350,537.26 83,501,132.97 18,010,513.74 1,437,847.55 100,073,799.16 32
13,325,427.26 13,325,427.26 16,398,609.51 4,316,754.00 107,050.00 20,608,313.51 515,063,777.70 23,341,613.74 2,528,098.38 535,877,293.06 106,613,010.34 3,394,950.30 831,618.46 109,176,342.18 132,168,787.35 5,287,294.54 39,672.60 137,416,409.29 37,120,587.19 1,911,686.64 1,353,338.10 37,678,935.73 5,115,698.76 582,727.80 5,698,426.56 6,267,204.35 897,790.00 103,838.50 7,061,155.85 287,285,287.99 12,074,449.28 2,328,467.66 297,031,269.61 227,778,489.71 238,846,023.45 1 8 214,486.67 214,486.67 80% 134,862.20 829,549.58 964,411.78 10 560,000.00 560,000.00 90% 45,040,064.75 3,098,813.24 48,138,877.99 100 3,274,141.50 3,360.00 3,277,501.50 60 393,251.36 393,251.36 80% APMP 5,892.14 119,707.35 125,599.49 91 267,838.81 69,440.00 337,278.81 60 872,252.71 397,780.35 1,270,033.06 80 1 311,754.84 311,754.84 20% 3# 273,216.32 32,924.12 306,140.44 1 1,197,173.07 375,059.00 1,572,232.07 90 2,670,378.68 2,670,378.68 90 289,349.64 30,299.50 319,649.14 95% 36,000.00 20,318.00 56,318.00 92 800.00 800.00 1% 54,061,969.82 6,456,744.01 60,518,713.83 33
1 2 9 3,249,714.34 109,913.12 3,359,627.46 7,187,620.33 7,187,620.33 3,478,700.30 4,244,762.07 7,723,462.37 13,916,034.97 4,354,675.19 18,270,710.16 7,403.44 2000 368 2000 42 10 2004 6 30 2003 12 31 70,000,000.00 40,000,000.00 157,600,000.00 117,600,000.00 227,600,000.00 157,600,000.00 11 2004 6 30 2003 12 31 1 99,997,285.27 173,075,416.51 1-2 1,057,414.86 1,830,132.84 2-3 4,530.46 3,867.35 101,059,230.59 174,909,416.70 1 42.22% 2 5%( 5%) 12 2004 6 30 2003 12 31 1 1,645,321.80 10,209,127.06 1-2 1,682,939.62 2-3 337,148.79 1,645,321.80 12,229,215.47 1 5% 5% 34
2 86.55% 13 2004 6 30 2003 12 31 12,796,007.25 2,184,000.00 14,980,007.25 2004 14 2004 6 30 2003 12 31 17% 13% 30,310,453.35 33,719,676.66 5% -44,944.90 41,766.92 7% -3,896,537.05-694,542.91 12% 1.2% -442,008.65 10,590.82 33% 5,057,727.94 6,305,928.96-353,093.92 66,516.08-5,294.10 1,485.90-1,079,224.46-173,671.07 29,373,407.14 39,451,422.43 15 2004 6 30 2003 12 31-133,526.60-509,008.40 16 2004 6 30 2003 12 31 1 10,408,537.48 11,190,012.53 1-2 6,646,795.84 5,747,266.08 17,055,333.32 16,937,278.61 5%( 5%) 17 2004 6 30 2003 12 31 617,642.93 617,642.93 35
18 % 23,000,000.00 2003.12.29-2006.12.28 6.039 45,000,000.00 2004.06.30-2006.06.12 5.49 19 2,700,000.00 20 2004 6 30 2003 12 31 99,606,715.00 99,606,715.00 260,000.00 260,000.00 80,000,000.00 179,866,715.00 99,866,715.00 [2004]45 8000, 5 10, 2004 6 30 2003 12 31 3,201,960.00 3,094,680.00 21 2003 12 31 2004 6 30 50,020,206.44 427,654,961.75 477,675,168.19 36,400.00 36,400.00 50,056,606.44 477,711,568.19 1 [2004]45 8000, 507,654,961.75, - 427,654,961.75 2 36,400.00 36
22 2004 6 30 2003 12 31 76,126,324.84 60,134,619.46 22,194,864.57 47,648,788.66 7,147,318.30 7,147,318.30 14,980,007.25 9,529,757.73 98,321,189.41 76,126,324.84 23 2004 1-6 2003 119,751,464.34 295,984,802.72 A 52,128,240.90 99,790,720.14 B 66,121,638.82 154,199,079.85 C 45,696,961.45 59,709,770.53 890,473.19 27,876,809.86 45,137,044.36 10,828,912.94 22,320,095.00 69,782.00 195,161.00 3,926,893.29 3,786,113.58 1,120,038.75 1,249,097.07 573,563.00 1,415,111.00 613,061.50 1,407,649.50 445,200.00 3,875.00 329,152,566.85 686,088,993.57 24 2004 1-6 2003 92,788,785.51 221,765,447.61 A 39,430,869.03 75,449,771.66 B 55,443,916.64 124,974,046.34 C 33,704,886.52 42,655,202.09 1,542,061.86 23,190,413.89 39,457,158.18 9,290,896.11 18,211,975.34 69,782.02 195,161.00 2,975,866.96 3,468,687.41 37
980,590.84 1,066,195.87 573,563.00 1,415,111.00 613.061.51 1,407,649.50 461,314.63 3,875.00 259,523,946.66 531,612,342.86 25 2004 1-6 2003 529,741.15 1,469,831.63 1,236,062.69 3,429,607.13 1,765,803.84 4,899,438.76 26 2004 1-6 2003 165,408,953.42 157,513,535.45 58,619,785.96 57,306,703.34 79,046,709.14 67,868,023.55 64,968,833.19 46,574,475.41 6,598,420.46 5,464,102.06 1,901,376.32 1,871,733.63 50,000.00 80,000.00 251,104,083.02 230,845,661.06 125,569,995.47 105,752,912.38 1 2004 2003 12, 27 2004 1-6 2003 21,324,392.59 34,668,543.64 28 2004 1-6 2003 9,850,346.58 11,347,164.56 566,253.79 365,498.61 322,120.92 218,528.82 9,606,213.71 11,200,194.77 29 2004 1-6 2003 40,000.00 199,630.72 30,211.06 199,630.72 70,211.06 38
2003 1# 2# 3# 4,072,068.00 2003, 199,630.72 30 2004 1-6 2003 33,126,663.55 71,387,074.02 33,126,663.55 71,934,101.09 33% 33% 10,931,798.98 23,738,253.36 31 2004 1-6 10,641,090.17 2,400,000.00 1,005,313.09 1,610,743.76 514,774.85 1,762,127.40 479,607.54 311,858.23 228,499.80 220,287.07 3,214,287.98 22,388,589.89 7 1 2 1 39
2 3 4 5 6 7 8 9 10 11 12 13 14 3 50,026 99,974 150,000 4 % % % % 8530.6715 85.42 8530.6715 47.43 40
5 A 2004 1-6 2003 1,567,277.25 864,816.90 640,494.00 2,207,771.25 864,816.90 B 2004 1-6 2003 1,343,360.42 1,530,430.62 56,938,314.55 43,567,508.25 11,831,677.40 8,453,400.00 14,480,147.82 12,290,644.62 60,000.00 80,000.00 1,176,223.70 832,585.44 85,829,723.89 66,754,568.93 12,369.76 25,276.08 379,783.54 552,246.10 44,906.00 365,240.00 205,367.96 886,567.56 642,427.26 1,829,329.74 86,472,151.15 68,583,898.67 C 2004 1-6 2003 1,526,666.67 4,082,600.00 25,500,000.00 31,109,266.67 1,015,000.00 2,030,000.00 700,000.00 1,400,000.00 2,645,260.00 3,558,656.37 79,000.00 158,000.00 10,741,661.58 21,336,496.90 12,535,661.58 38,511,624.78 D ---- 336,441,366 53 3,475,371.81 41
12 33642.54 ---- 5,408,330.80 2,067,349.62 6 A 2000 11 B 2001 11 C 2001 11 16 7 / 140 / 2002 1 1 2011 12 31 D 2001 11 16 7 / 203 / 2002 1 1 2011 12 31 E 2001 11 16 1 5.1 2 2002 1 1 21,336,497, 2002 10 8 42
2003 4, 12 5.1 F 2003 7 1 12 5 G 18540.82 30 2002 1 1 2031 12 31 15.8 H 2001 11 6 I 2003 7 15 150t/h 7 8 9 2004 7 1 12 43
44