( ) YUNNAN BAIYAO GROUP CO.,LTD ( ) ( ) ( ) : ww

2 3 4 8 11 12 13 21 22 23 60 1 60

( ) YUNNAN BAIYAO GROUP CO.,LTD ( ) ( ) 222 0871-8324159 han@ynby.cn han4707@sina.com 222 0871-8350538 maqing@ynby.cn 0871-8324169 ( ) : 222 650118 www.yunnanbaiyao.com.cn ynby@ynby.cn ( ) http://www.cninfo.com.cn ( ) 000538 ( ) 1993 11 30 51 2000 5 4 5300001003806 53010221652214x : : 16 2 60

( ) ( : ) 212347335.67 171348717.08 161063817.58 548368853.57 2676452.42 200874778.55 10896334.09 490938.00 85285.03 169346918.11 72156140.82 : ( ) 282349.78 0 490938.00-46283.49 11312510.83 449993.77 489673.69 100046.57 1814982.27 10284899.50 ( ) 2004 2003 2002 1832312196.86 1344834378.80 1100942499.49 171348717.08 113751983.20 93687567.67 1270798082.10 1045678331.87 920651110.17 ( ) 672426705.95 584373603.30 523209331.01 0.709 0.612 0.504 2.78 3.14 2.82 2.72 3.08 2.75 0.70 0.92 0.62 % 25.48 19.47 17.91 % 27.27 19.61 18.71 % 25.64 19.74 18.50 ( ) 185817976.00 55745392.00 241563368.00 2003 152065005.60 350881.47 55745392.00 96670495.07 158225909.93 37878248.53 196104158.46 34468166.95 12574950.64 47043117.59 83618089.20 84547178.80 83618089.20 84547178.80 4646622.57 48894882.96 53541505.53 584373603.30 227416583.76 139363481.20 672426705.86 3 60

( ) ( 2003 12 31 ) (+ -) 1 122893650 0 0 36868095 0 0 36868095 159761745 122893650 0 0 36868095 0 0 36868095 159761745 0 0 0 0 0 0 0 0 2 4173840 0 0 1252152 0 0 1252152 5425992 3 0 0 0 0 0 0 0 0 4 0 0 0 0 0 0 0 0 127067490 0 0 38120247 0 0 38120247 165187737 1 58750486 0 0 17625145 0 0 17625145 76375631 58750486 0 0 17625145 0 0 17625145 76375631 185817976 0 0 55745392 0 0 55745392 241563368 2004 6 2003 10 3 1993 11 3 24 2000 ( 200 ) 400 3.38 8000 1993 12 15 1800 1994 3 10 1 800 8800 7 11 200 1995 11 10 2, 1760, 10 2.7, 3.10 23.166, 0.10 594 35.162 11212.328 1996 1998 1999 9 10 1 10 4 5606.164 12 10 2 7 1763.3056 1999 12 30 18581.7976 (,1999 16818.492 ) 2000 1 21 1763.3056, 2000 8 3 538486 2001 2002 2003 2004 6 10 3 5574.5392 4 60

12 09 ( ) 1 7160 2 10 ( 2004 12 31 ) ( ) 28428414 123196461 51.00 0 8437681 36563284 15.14 0-2743225 3832195 1.59-3813870 3813870 1.58-2689307 2689307 1.11 2657147 2657147 1.10-2155437 2155437 0.89-2082345 2082345 0.86-1972295 1972295 0.82-1970334 1970334 0.82 56950055 180932675 74.90 5% 12319. 6461 2003 10 3 2842.8414 3656.3284, 2003 10 3 843.7681 3 10% 51.00% 2002 6.6 5 60

4 50% 51.95% 50.00% 1986 12 18 III II I 16 14 9.5561 1996 9 19 15 5 10% 15.14% 1996 1 29 56 6 10 ( 2004 12 31 ) A B H - 3832195 A - 3813870 A - 2689307 A 2657147 A - 2155437 A - 2082345 A - 1972295 A - 1970334 A - 1917566 A - 1725842 A 24816338 6 60

50% 50% 51.95% 51 00% 51% 7 60

( ) 42 0 0 20021129-20051128 48 0 0 20021129-20051128 52 0 0 20021129-20051128 57 7672 9973 20021129-20051128 49 0 0 20021129-20051128 48 0 0 20030909-20051128 57 0 0 20021129-20051128 52 0 0 20021129-20051128 55 0 0 20030909-20051128 39 0 0 20030909-20051128 58 0 0 20021129-20051128 36 0 0 20030909-20051128 36 0 0 20030909-20051128 48 0 0 20021129-20051128 55 0 0 20021129-20051128 40 0 0 20021129-20051128 55 7856 10213 20021129-20051128 48 6804 8845 20021129-20051128 35 0 0 20021129-20051128 57 6840 8892 20021129-20051128 37923 1 2003 10 3 8751 ( ) 1999 5 26 2004 5 25 2004 5 26 2000 2001 2002 2003 1999 11 29 1999 11 29 2002 12 25 2003 2000 1 2002 2003 1 8 60

2000 1 2002 12 2003 1 12 2004 1 1999 2003 7 2003 7 2000 1 1997 8 2001 7 2001 8 1999 11 29 2000 1 1999 2003 7 2003 8,1999 1 2003 1 200 1 40 1999, 1999 2001 1999 1 2001 4 2001 5 2000 1 2002 12 25 2002 12 26 1999 1999 11 29 2000 1 2000 10 2003 12 2003 1 1999 11 29 2002 12 25 2002 11 29 ( ) 2002 6 25 2002 7 2000 6000 1500 10 12 53.88 9 60

4, 34.56 25.92 5 9 5.4 7 85.67 39.47 10 12 2 12 5 ( ) 5 25 2003. ( ) ( ) 2067 767 514 642 87 284 6 14 361 428 393 383 482 2004 517 10 60

( ) ( ) 2003 ( ) 1 2 3 4 5 ( ) 2000 2003 11 60

1 2004 4 17 5 25 2003 2003 2004 5 25 9:00 73 124505945 67% 2 2004 5 25 2003 2003 2003 2004 5 26 3 5 25 2003 12 60

( ) 1 1999 2000 1999 2001 2000, 2001 2001, 2002-50 1 2004 A 12 B C D E 2 A 2003 2004 134483 183231 36% 13234 21235 60% 11375 17135 51% 19.47% 25.48% 31% 0.61 0.71 16% 0.47 0.71 51% 2003 30% B 98% 15 50% 1.75 6.72 3.16 13 60

0.99 GMP ISO9001 C GAP 60 1.37 D 2004 25.48% 99 3.8 62 5.2 22483 5575 2004 11.41 / 15.61 / 17.6 / 37% -12 10 E. 50 21 2004 39 2004 A 10 30 17 (3) % % 1812170766.47 98.90 540615413.25 98.59 14498716.10 0.79 4978408.85 0.91 2456059.00 0.13 2328443.31 0.42 3173655.29 0.18 446588.16 0.08 1832312196.86 100.00 548368853.57 100.00 (4) 10% % % % 31.90 89.29 584550 86237 83.78 67.00 9.30 1227621 1175769 4.15 98.90 98.59 1812171 1262006 29.83 (5) 98.90% 14 60

584550 5827, 31.90% 442788 32.02% 1227621 67.00% 883453 38.96% 50 2 11 5 1 (1) 42000 425208 73734 (2) 16400 29478 16403 (3) 30000 227702 115788 (4) 15515 52441 42263 (5) 5000 1328 710 (6) 17300 51773 36727 (7) 21930 61384 55104 (8) 2002 10 21 40000 86806 28791 (9) 1999 12 1 19030 13717-12992 (10) 21000 43154 24994 (11) 4000 45% 50311 48446 2 (1) 1386510.4 20000 1.44%, (2) 400000 10000 2.5% (3) 60000 10000 16.5% (4) 6000 2820 47% (5) 30000 15 60

750 25% 1400520 20925 17238 1620-535 -535 15524 192 126 515876 63495 51882 21746 7127 7070 0-303 -303 24888 4365 4365 13031 3531 3531 14499 3279 2945 136895-3696 -3696 21776-449 -449 16414 79% 1144 97% 3 (1) 202179 14.70% (2) 263639 14.38% 4 (1) A B (2) A B 2004 16 60

5 171349 113752 57597 50.63% 1 212347 132337 80010 60.46% A 36.25% 47968 B 2003 1.03 1.31 7.49 0.56 10261 C 1.55 28401 D 11365 2 35557 13735 21822 6 ( ) 51239 50884 355 1 2003 4717 4717 2 1000 1000 100 5% ( ) 2004 ( ) 2003 ( ) ( ) (%) 1270798 1045678 225120 21.53 43001 36473 6528 17.90 672427 584374 88053 15.07 548369 410044 138325 33.73 171349 113752 57597 50.63 72156-10418 82574 692.61 1 1 1270798 1045678 225120 A 132984 67660 21271 31764 7071 6865 2070 B 88053 171349 2003 17 60

83618 C 4083 (2) 43001 36473 6528 6865 337 (3) 672427 584374 88053 37878 929 48895 55395 (4) 72156-10418 82574 737 43586 39685 40 2 (1) 548369 410044 138325 33.73%, (2) 171349 113752 57597 (3) ( ) 1 2001 WTO 2 (OTC) ( ) ( ) 1 2005 2 A B C D 2005 3 E 18 60

( ) 1 2004 2 26 2003 2000 2004 4 16 2004 2003 2004 7 27 2004 2004 10 19 2004 2 2003 10% 11302853.07 5% 5651426.54 83618089.20 54058191.07 2003 2003 18581.7976 10 3.20 ( ) 10 3 2004 5 ( ) 2005 2 28 2005 10% 17133031.03 5% 8566015.52 84547178.80 115133276.01 241563368 10 3.50 ( ), 10 2 ( ) 1 OO (1) 2004 12 31 3892279.67 4566041.08 673761.41 (2) 2004 12 31 500, 0.07% 2004 12 31 2 ( 19 60

[2003]56 ) 2004 2000 700 2004 12 31 50 0.07% 2004 12 31 70% 50% 2/3 20 60

2004 2004 2 26 1 2003 2 2003 3 2003 4 5 6 2004 183231 2003 36% 32516 2003 60% 17135 2003 51% 25.48% 2003 31% 0.71 2003 16% 50 21 2004 39 30 17 GMP ISO9001 GAP 2004 2 26 2000 2003 12 1 2004 700 50 2003 21 60

( ) ( ) ( ) ( ) 1 (, ) 3892279.67 2 1 2004 2 26 2004 2003 20000 2003 12 1 2004 7000 2 3 4 ( ) 5% ( ) 260 12 ( ) ( ) 22 60

L 2005 178 2004 12 31 2004 12 31 ( ) 23 60

01 2004 12 31 7.1.1 316,431,066.66 244,274,925.84 107,953,217.31 62,814,160.10 7.1.2 1,191,304.00 248,880.00 1,191,304.00 248,880.00 7.1.3 54,105,607.16 41,528,619.88 9,326,748.13 6,548,265.10 - - - - - - - - 7.1.4 101,510,073.85 99,857,715.85 73,885,699.90 31,643,048.14 7.1.5 36,847,235.11 34,452,515.88 27,274,699.53 27,292,507.50 7.1.6 46,528,178.69 9,096,701.45 2,785,766.21 1,534,623.40 - - - - 7.1.7 357,937,739.68 256,879,183.77 43,827,183.76 30,203,486.21 7.1.8 3,121,752.04 658,548.83 - - 7.1.9 - - - - 917,672,957.19 686,997,091.50 266,244,618.84 160,284,970.45-7.1.10 51,238,595.68 50,884,499.75 381,142,644.10 409,563,592.63 7.1.10 - - - - 51,238,595.68 50,884,499.75 381,142,644.10 409,563,592.63-407,892.98-492,912.31-7.1.11 372,692,209.32 355,430,060.62 158,841,081.11 155,720,286.44 7.1.11 137,607,055.78 122,052,604.19 58,809,977.37 52,198,773.71 7.1.11 235,085,153.54 233,377,456.43 100,031,103.74 103,521,512.73 7.1.11 2,377,443.02 2,431,648.61 300,329.72 300,329.72 7.1.11 232,707,710.52 230,945,807.82 99,730,774.02 103,221,183.01 72,838.06 109,356.06 - - 7.1.12 8,371,874.29 15,526,219.85 856,027.31 366,676.80 104,911.10 118,625.89-241,257,333.97 246,700,009.62 100,586,801.33 7.1.13 45,374,254.83 47,126,143.07 28,907,283.44 30,261,461.44 7.1.14 5,254,940.43 3,970,587.93 161,579.06 765,293.32 10,000,000.00 10,000,000.00-60,629,195.26 61,096,731.00 29,068,862.50-1,270,798,082.10 1,045,678,331.87 777,042,926.77 704,463,177.62 24 60

( 01 2004 12 31 7.1.15 15,280,000.00 17,350,000.00 - - 7.1.16 83,516,112.58 76,444,622.20 - - 7.1.17 226,896,616.43 159,237,193.97 13,961,352.92 18,233,796.49 7.1.18 18,103,847.58 21,200,883.26 11,652,050.77 32,473,554.13 6,621,996.23 6,079,863.40 4,900,104.40 4,903,704.60 12,903,010.37 11,359,285.56 990,355.67-133,012.75 843,994.48 1,177,743.22-333,748.80 7.1.19 43,459,867.36 11,695,942.77 26,430,949.06 7,109,330.87 7.1.20 1,720,441.52 558,595.03 1,146,774.21 127,392.17 7.1.21 75,003,106.11 53,731,505.03 30,331,813.34 46,375,732.22 7.1.22 3,143,973.79 2,200,786.93 68,279.00 89,541.23 - - - - 7.1.23 - - - - - - - - 487,492,966.45 361,036,421.37 89,481,679.37 109,513,787.76 7.1.24 10,000,000.00 10,000,435.23 - - - - - - 4,973,039.43 5,310,039.43 - - 28,027,762.84 21,162,840.17 15,134,541.45 10,575,786.50 - - - 43,000,802.27 36,473,314.83 15,134,541.45 10,575,786.50-530,493,768.72 397,509,736.20 104,616,220.82 120,089,574.26 67,877,607.52 63,794,992.37 7.1.25 241,563,368.00 185,817,976.00 241,563,368.00 185,817,976.00 - - - - 7.1.25 241,563,368.00 185,817,976.00 241,563,368.00 185,817,976.00 7.1.26 96,670,495.07 152,065,005.60 96,670,495.07 152,065,005.60 7.1.27 196,104,158.46 158,225,909.93 134,512,388.07 108,814,341.52 47,043,117.59 34,468,166.95 26,414,862.54 17,848,847.02 84,547,178.80 83,618,089.20 84,547,178.80 83,618,089.20 7.1.28 53,541,505.53 4,646,622.57 115,133,276.01 54,058,191.07 672,426,705.86 584,373,603.30 672,426,705.95 584,373,603.39 1,270,798,082.10 1,045,678,331.87 777,042,926.77 704,463,177.65 25 60

2004 02 7.1.31 1,832,312,196.86 1,344,834,378.80 311,883,627.32 200,057,594.05 7.1.32 1,274,251,189.58 928,219,037.90 121,961,664.12 100,569,611.26 7.1.33 9,692,153.71 6,571,558.25 3,470,662.10 1,743,244.78-548,368,853.57 410,043,782.65 186,451,301.10 97,744,738.01-2,676,452.42 1,511,942.29 308,849.68 594,333.13 250,877,590.15 169,297,809.33 2,608,634.27 1,343,851.05 104,809,806.23 112,180,475.55 49,530,273.81 54,509,693.80 7.1.35-5,516,868.94-3,696,886.87-599,703.27-115,132.67-200,874,778.55 133,774,326.93 135,220,945.97 42,600,658.96-7.1.36 10,896,334.09-468,997.01 76,220,072.17 97,364,405.93 490,938.00 44,897.00 - - 788,557.62 330,963.85 454,292.96 15,624.31 703,272.59 1,343,733.56 20,786,020.54 20,869,865.89-212,347,335.67 132,337,457.21 191,109,290.56 119,110,823.31 35,556,738.74 13,735,300.93 19,788,980.27 6,082,292.60 5,441,879.85 4,850,173.08 - - - 171,348,717.08 113,751,983.20 171,320,310.29 113,028,530.71 4,646,622.57 9,098,410.13 54,058,191.07 41,602,029.17 - - - - - 175,995,339.65 122,850,393.33 225,378,501.36 154,630,559.88 25,303,297.89 23,056,790.25 17,132,031.03 11,302,853.07 12,574,950.64 11,476,214.41 8,566,015.52 5,651,426.54 28,406.79 52,676.90 - - - - - - - - - - - - - - 138,088,684.33 88,264,711.77 199,680,454.81 137,676,280.27 - - - - - - - - 84,547,178.80 83,618,089.20 84,547,178.80 83,618,089.20 - - - - 53,541,505.53 4,646,622.57 115,133,276.01 54,058,191.07 26 60

2004 03 2004 2,178,060,034.80 297,867,339.23 7.1.37 33,444,341.39 31,753,340.84 2,211,504,376.19 329,620,680.07 1,576,899,168.84 157,908,515.85 93,135,783.75 35,382,309.43 114,133,409.11 40,544,679.74 7.1.37 257,989,096.38 64,727,326.94 2,042,157,458.08 298,562,831.96 169,346,918.11 31,057,848.11 62,512.52 62,512.52 11,623,348.67 105,972,963.50 755,839.50 26,800.00 12,441,700.69 106,062,276.02 20,004,001.85 6,793,757.95 1,045,715.33 1,045,715.33 21,049,717.18 7,839,473.28-8,608,016.49 98,222,802.74 16,500,000.00 7.1.37 480,000.00 16,980,000.00 18,570,000.00 86,800,379.68 83,949,212.52 7.1.37 232,676.51 232,676.51 105,603,056.19 84,181,889.03-88,623,056.19-84,181,889.03 40,295.39 40,295.39 72,156,140.82 45,139,057.21 27 60

2004 03 1 2004 171,348,717.08 171,320,310.29 5,441,879.85 529,139.70 113,098.72 21,780,930.98 7,744,623.75 2,151,447.72 1,419,821.16 2,675,315.72 603,714.26-2,463,203.21 894,287.80-21,263.23-282,349.78-145,320.39 446,882.14 3,935,802.43-10,896,334.09-76,220,072.17-101,131,681.66-13,523,650.98-53,511,555.68-45,467,614.92 128,427,639.11-14,765,798.38 169,346,918.11 31,057,848.11 2 3 316,431,066.66 107,953,217.31 244,274,925.84 62,814,160.10 72,156,140.82 45,139,057.21 28 60

01 1 2004 12 31 : = + 1 5,959,099.39 456,013.93 6,415,113.32 2 5,155,149.82 312,435.33 5,467,585.15 3 803,949.57 143,578.60 947,528.17 4 609,955.11 56,940.00 666,895.11 7 4,514,372.75 256,411.55 183,285.80 183,285.80 4,587,498.50 10 337,388.82 132,509.02 469,897.84 13 2,431,648.61 54,205.59 54,205.59 2,377,443.02 16 9,333,880.80 9,333,880.80 19 57,268.29 57,268.29 57,268.29 20 21 23,243,613.77 901,874.50 294,759.68 294,759.68 23,850,728.59 29 60

( ) 2004 12 31 1 185,817,976.00 55,745,392.00 241,563,368.00 2 152,065,005.60 350,881.47 55,745,392.00 96,670,495.07 3 158,225,909.93 37,878,248.53 196,104,158.46 34,468,166.95 12,574,950.64 47,043,117.59 4 83,618,089.20 84,547,178.80 83,618,089.20 84,547,178.80 5 4,646,622.57 48,894,882.96 53,541,505.53 6 584,373,603.30 227,416,583.76 139,363,481.20 672,426,705.86 30 60

2004 2003 1 2 3 4 5 6 31 60

2004 2003 81.55% 70.17% 87.29% 70.69% 29.87% 22.89% 31.97% 23.06% 25.48% 19.47% 27.27% 19.61% 23.95% 19.60% 25.64% 19.74% 2.2701 2.2067 2.2701 2.2067 0.8316 0.7199 0.9400 0.7199 0.7093 0.6122 0.8019 0.6122 0.6668 0.6164 0.7537 0.6164 32 60

( ) 1971 6 1993 5 1993 12 15 A 1996 10 222 ( ) 24,156.34 1997 1997 1999 2002 10 2000 8 2002 ( ) 1 2 1 1 12 31 3 4 5 3 6 % 1 3 1 2 7 10 2 3 17 20 3 30 33 60

34 60 1 2 7 8 1 2 3 4 9 1 1

2 20% 20% 20% 20% 20% 3 10 2003 3 17 [2003]10 4 2 3 10 1 2,000 % % 39 2.48 3 5 10 9.70-19.4 3 16 6.06 3 45 2.16 3 2 35 60

36 60 11 1 2 1 3 2 3 12 1 1 2 3 4 5 A B 6 2 1

37 60 2 3 4 10 3 1 2 3 4 13 1 2 3 14 15 1 2

3 16 17 1 50% 2 3 ( ) ( ) ( ) 1 2001 083 2001 15% 33% 2002 238 2002 7 1 15% [2002]687 2002 2 7 2003 12 31 2004 1 1 2006 12 31 2002 2 2002 161 2002 7 1 15% [2003]31 2002 7 1 15% 2002 11 15 2003 2005 24% 12% [2002]106 2002 15% 38 60

2 17% 5% 5% 7% 5% 3% 5% ( ) % 15,515,000.00 90.33 17,300,000.00 50.98 21,930,000.00 51.00 30,000,000.00 90.00 19,030,000.00 100.00 42,000,000.00 95.00 16,400,000.00 85.00 400 45.00 5,000,000.00 95.00 40,000,000.00 95.00 21,000,000.00 96.14 ( ) 2003 12 31 2004 12 31 2004 2003 1 233,243.31 98,318.44 310,928,384.39 238,451,007.40 5,269,438.96 5,725,600.00 316,431,066.66 244,274,925.84 39 60

415.00 8.2896 3,440.18 874.00 4.7733 4,171.86 27,776.30 11.2627 312,836.13 320,448.17 2 1,858,199.11 666,895.11 858,835.11 609,955.11 855,863.78 666,895.11 858,835.11 609,955.11 1,002,335.33 0.00 0.00 0.00 1,858,199.11 666,895.11 858,835.11 609,955.11 188,968.67 3 54,105,607.16 41,528,619.88 4 % % % % 94,288,311.36 88.14 2,828,649.33 3 92,766,457.57 88.33 2,782,993.73 3 3,923,772.47 3.67 267,727.93 7 4,662,010.60 4.44 318,989.99 7 1,988,185.99 1.85 337,991.14 17 1,708,870.37 1.63 290,507.96 17 6,777,389.18 6.34 2,033,216.75 30 5,875,527.13 5.60 1,762,658.14 30 106,977,659.00 100.00 5,467,585.15 105,012,865.67 100.00 5,155,149.82 5%( 5%) 12,450,664.91 11.64% 99,087.90 40 60

5 % % % 33,579,707.14 88.85 568,870.30 3 32,699,677.34 92.75 502,783.69 3 2,624,790.71 6.94 111,851.01 7 1,279,898.36 3.63 85,687.52 7 467,673.10 1.24 79,317.43 17 542,158.00 1.54 44,376.32 17 1,122,592.33 2.97 187,489.43 30 734,731.75 2.08 171,102.04 30 37,794,763.28 100.00 947,528.17 35,256,465.45 100.00 803,949.57 % 5% 5% 11,030,656.90 29.19% 11,248,905.33 1,208,168.80 2,160,289.39 14,617,363.52 111,768.07 122,157.78 792,993.44 1,026,919.29 1,100.00 497,627.60 6 % % 45,660,932.29 98.14 8,484,274.40 93.27 847,716.95 1.82 140,642.76 1.55 752.58 34,633.30 0.38 18,776.87 0.04 437,150.99 4.80 46,528,178.69 9,096,701.45 100.00 5% 5% 23,477,229.73 50.46% 867,246.40 41 60

7 24,412,985.91 1,572.16 17,557,366.69 77,029.07 4,024,024.44 0.00 7,554,085.00 0.00 139,950,479.26 2,484,084.75 106,464,071.90 2,227,673.20 3,264,674.44 0.00 2,888,910.84 100,046.57 3,913,156.58 0.00 10,613,384.35 0.00 226,079.60 0.00 156,295.54 0.00 0.00 1,030,219.78 0.00 186,669,675.01 2,101,841.59 115,023,858.67 2,109,623.91 64,162.94 0.00 105,363.75 0.00 362,525,238.18 4,587,498.50 261,393,556.52 4,514,372.75 4,587,498.50 101,131,681.66 38.69% 8 0.00 286,916.00 234,756.00 52,160.00 399,555.75 4,838,372.57 2,599,958.62 2,637,969.70 79,404.00 180,489.58 189,597.34 70,296.24 179,589.08 1,414,155.96 1,232,418.94 361,326.10 658,548.83 6,719,934.11 4,256,730.90 3,121,752.04 9 1 50,884,499.75 1,000,000.00 645,904.07 51,238,595.68 0.00 0.00 0.00 0.00 50,884,499.75 1,000,000.00 645,904.07 51,238,595.68 2 1989.10 500,000.00 0.052675 0.00 1992.12 1,000,000.00 15.15% 469,897.84 1985.12 50,000.00 0.18% 0.00 2000.06 10,000,000.00 2.50% 0.00 2001.11 20,000,000.00 1.44% 0.00 2003.01 9,990,000.00 16.50% 0.00 2003.03 2,076,386.50 47% 0.00 2004.12 1,000,000.00 5% 0.00 2003.03 7,500,000.00 15% 0.00-407,892.98 51,708,493.52 469,897.84 42 60

25% 15% 2003 126 530,102.16 530,102.16 15.15% 1,000,000.00 337,388.82 132,509.02 3-850,193.22 10-492,912.31 0.00-85,019.33-442,300.24-407,892.98-850,193.22-492,912.31 0.00-85,019.33-442,300.24-407,892.98 850,193.22 10-85,019.33-407,892.98 4 7.86% 10 165,187,165.99 12,595,932.90 3,765,897.27 174,017,201.62 19,053,518.67 1,105,900.00 443,857.50 19,715,561.17 157,139,428.31 16,365,255.54 7,476,010.34 166,028,673.51 5,789,776.48 1,145,216.71 1,144,486.68 5,790,506.51 2,676,909.47 3,352,674.81 0.00 6,029,584.28 5,389,724.50 3,479,864.90 7,952,444.37 917,145.03 193,537.20 0.00 0.00 193,537.20 355,430,060.62 38,044,844.86 20,782,696.16 372,692,209.32 38,080,117.72 4,381,733.91 365,579.22 42,096,272.41 3,295,550.26 502,565.72 213,051.52 3,585,064.46 76,048,361.14 15,034,169.59 3,184,371.40 87,898,159.33 2,170,287.60 834,257.84 566,671.26 2,437,874.18 448,017.49 493,085.01 0.00 941,102.50 2,010,269.98 535,118.91 1,896,805.99 648,582.90 0.00 0.00 0.00 0.00 122,052,604.19 21,780,930.98 6,226,479.39 137,607,055.78 233,377,456.43 235,085,153.54 743,769.63 0.00 0.00 743,769.63 0.00 0.00 0.00 0.00 1,354,368.91 0.00 46,535.99 1,307,832.92 33,180.35 0.00 7,669.60 25,510.75 0.00 0.00 0.00 0.00 300,329.72 0.00 0.00 300,329.72 0.00 0.00 0.00 0.00 2,431,648.61 54,205.59 2,377,443.02 230,945,807.82 232,707,710.52 12,322,475.89 43 60

3,861,699.75 1,280,000.00 6,029,584.28 941,102.50 5,088,481.78 0.00 5,088,481.78 11 3,098,885.71 1,422,583.92 1,313,557.25 39,600.00 3,168,312.38 GMP 8,741,842.59 953,121.47 9,694,334.06 630.00 0.00 496,850.52 128,677.56 0.00 0.00 625,528.08 1,339,700.00 579,982.71 477,755.30 0.00 1,441,927.41 1,539,532.52 1,301,855.87 561,309.28 0.00 2,280,079.11 366,676.80 764,870.51 275,520.00 0.00 856,027.31 15,583,488.14 5,151,092.04 12,322,475.89 40,230.00 8,371,874.29 57,268.29 0.00 57,268.29 0.00 44 60

12 1,875,056.56 1,187,535.88 0.00 0.00 125,003.76 812,524.44 1,062,532.12 108 10,240.00 9,216.00 0.00 0.00 1,024.00 2,048.00 8,192.00 8 4,900.00 0.00 4,900.00 0.00 367.50 367.50 4,532.50 111 850.00 0.00 850.00 0.00 35.37 35.37 814.63 115 4,350.00 4,350.00 0.00 0.00 435.00 435.00 3,915.00 9 95,200.00 95,200.00 0.00 0.00 19,040.00 19,040.00 76,160.00 4 2,984,848.50 2,771,373.67 0.00 0.00 42,720.00 256,194.83 2,728,653.67 64 CI 30,000.00 23,500.00 0.00 0.00 23,500.00 30,000.00 0.00 1,090,677.48 776,731.66 369,527.48 0.00 248,539.33 192,957.67 897,719.81 3 49,100.00 45,008.00 0.00 45,008.00 0.00 49,100.00 0.00 23,751,875.00 20,065,638.32 0.00 0.00 783,745.56 4,469,982.24 19,281,892.76 154 13,013,747.95 9,541,162.35 0.00 0.00 325,343.76 3,797,929.36 9,215,818.59 340 9,546,590.87 8,882,562.05 0.00 0.00 189,722.52 853,751.34 8,692,839.53 548 1,210,093.50 1,028,579.52 69,290.00 0.00 124,656.16 236,880.14 973,213.36 90 12,446,805.24 12,029,166.42 0.00 0.00 267,314.76 684,953.58 11,761,851.66 534 66,114,335.10 56,460,023.87 444,567.48 45,008.00 2,151,447.72 11,406,199.47 54,708,135.63 9,256,480.80 9,256,480.80 77,400.00 77,400.00 9,333,880.80 9,333,880.80 47,126,143.07 45,374,254.83 45 60

13 7,996,500.84 3,115,556.32 3,756,582.48 1,958,536.17 3,082,898.21 4,913,602.63 35 239,473.68 174,210.62 0.00 12,631.56 77,894.62 161,579.06 154 100,000.00 0.00 100,000.00 0.00 0.00 100,000.00 63,485.74 0.00 63,485.74 3,527.00 3,527.00 59,958.74 33 39,600.00 0.00 39,600.00 19,800.00 19,800.00 19,800.00 12 256,475.69 17,765.92 0.00 17,765.92 256,475.69 0.00 109,626.12 71,972.37 0.00 71,972.37 109,626.12 0.00 954,726.00 437,582.70 0.00 437,582.70 954,726.00 0.00 307,000.00 153,500.00 0.00 153,500.00 307,000.00 0.00 10,066,888.07 3,970,587.93 3,959,668.22 2,675,315.72 4,811,947.64 5,254,940.43 14 10,000,000.00 10,000,000.00 15 1,280,000.00 1,350,000.00 500,000.00 14,000,000.00 13,500,000.00 2,000,000.00 15,280,000.00 17,350,000.00 3,861,699.75 16 83,516,112.58 76,444,622.20 17 226,896,616.43 159,237,193.97 5%( 5%) 67,659,422.46 42.49% 46 60

18 18,103,847.58 21,200,883.26 5% 5% 19 843,994.48 20 6,000,010.19 4,563,987.50 17% 13% 145,402.70 39,615.76 5% 0.00 800.00 5% 30,856,242.94 4,837,052.52 33% 15% 1,553,215.06 646,373.06 12% 1.2% 4,022,858.92 1,276,063.51 7% 5% 645,765.67 321,202.50 0.00-3,000.00 234,165.37 4,421.36 2,206.51 9,426.56 43,459,867.36 11,695,942.77 31,763,924.59 21 1,703,891.57 551,014.79 3% 3,891.95 983.94 0.5% 12,658.00 6,596.30 1,720,441.52 558,595.03 22 75,003,106.11 53,731,505.03 5% 5% 25,771,887.38 16,792,536.26 12,969,477.93 21,271,601.08 39.59% 2005 47 60

23 116,166.16 67,267.10 12 21 31 768,776.88 517,898.02 1,990,173.33 1,398,509.98 8,222.16 217,111.83 182,332.76 0.00 10,023.50 0.00 68,279.00 0.00 3,143,973.79 2,200,786.93 24 100,000.00 0.00 98.11-400,000.00 0.00 91.12-99.05 2.10% 500,000.00 0.00 93.10-99.05 2.10% 8,000,000.00 0.00 03.12.17-06.06.16 5.76% 1,000,000.00 0.00 98.10.23-01.10.23 4.68% 10,000,000.00 900,000.00 100,000.00 25 8,907,833.19 7,628,665.47 16,817,283.65 11,925,786.50 1,199,322.00 0.00 690,000.00 980,000.00 318,388.20 328,388.20 ERP 94,935.80 300,000.00 28,027,762.84 21,162,840.17 48 60

26 + - 1122,893,650 159,761,745 122,893,650 36,868,095 159,761,745 2 4,173,840 1,252,152 5,425,992 3 4 127,067,490 38,120,247 165,187,734 1 58,750,486 17,625,145 76,375,631 2 3 4 58,750,486 17,625,145 76,375,631 185,817,976 55,745,392 241,563,368 2004 5 25 2003 2003 185,817,976 10 3 2004 6 17 2004 6 18 27 131,810,262.63 0.00 55,745,392 76,064,870.63 11,687,545.16 0.00 0.00 11,687,545.16 7,667,197.81 259,821.47 0.00 7,667,197.81 900,000.00 91,060.00 0.00 900,000.00 152,065,005.60 350,881.47 55,745,392 96,670,495.07 259,821.47, 2004 5 25 2003 2003 185,817,976 10 3 49 60

28 81,092,672.73 25,303,297.89 106,395,970.62 34,468,166.95 12,574,950.64 47,043,117.59 42,665,070.25 42,665,070.25 158,225,909.93 37,878,248.53 196,104,158.46 2005 2 28 2005 171,348,717.08 25,303,297.89 12,574,950.64 4,646,622.57 29 83,618,089.20 84,547,178.80 83,618,089.20 84,547,178.80 2005 2 28 2005 171,348,717.08 25,303,297.89 12,574,950.64 28,406.79 138,088,684.33 241,563,368 10 3.50 84,547,178.80 2004 5 25 2003 2003 30 2004 2003 4,646,622.57 9,098,410.13 171,348,717.08 113,751,983.20 25,303,297.89 23,056,790.25 12,574,950.64 11,476,214.41 28,406.79 52,676.90 84,547,178.80 83,618,089.20 53,541,505.53 4,646,622.57 2005 2 28 2005 171,348,717.08 25,303,297.89 12,574,950.64 28,406.79 4,646,622.57 138,088,684.33 241,563,368 10 3.50 84,547,178.80 53,541,505.53 31 1,812,170,766.47 1,326,240,782.80 14,498,716.10 12,910,005.35 2,469,059.00 2,072,732.30 3,173,655.29 3,610,858.35 1,832,312,196.86 1,344,834,378.80 50 60

263,638,666.35 14.38% 199,826,632.41 14.86% 487,477,818.06 36.25% 32 1,260,899,511.59 916,805,460.31 9,520,307.25 7,832,477.73 1,106,166.16 56,123.09 2,725,204.58 3,524,976.77 1,274,251,189.58 928,219,037.90 346,032,151.68 37.28% 33 201,773.71 5% 135,735.35 5% 6,607,191.01 5% 7% 4,473,772.44 5% 7% 2,860,576.75 3% 1,939,101.83 3% 10,266.92 5% 16,212.28 5% 12,345.32 0.5% 6,736.35 0.5% 9,692,153.71 6,571,558.25 34 250,877,590.15 169,297,809.33 81,579,780.82 48.19% 35 3,935,802.43 4,304,627.95 3,516,308.06 2,413,705.50 0.00 10,063.50 19,395.43 0.00-5,916,967.88-5,597,872.82-5,516,868.94-3,696,886.87 51 60

6,076,949.26 36-46,283.49 0.00-21,951.86 0.00 0.00-454.912.58 0.00-522,064.48 0.00 85,019.33 0.00 75,019.33 0.00 0.00 0.00 0.00 11,312,510.83 0.00 0.00 0.00 11,266,227.34-369.893.25-21,951.86-447,045.15 11,365,331.10 11,312,510.83 37 1 33,444,341.39 735,389.29 7,864,922.67 9,028,100.00 6,394,592.81 3,516,308.06 2 257,989,096.38 32,640,005.36 2,502,147.13 37,938,274.69 19,149,454.56 11,348,863.22 11,438,310.31 3,499,990.33 7,616,539.77 4,119,486.55 2,442,244.83 2,161,567.68 10,000,000.00 3 480,000.00 4 232,676.51 52 60

1 % % % % 73,941,356.31 100.00 55,656.41 3 31,733,013.53 100.00 89,965.39 3 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 73,941,356.31 100.00 55,656.41 31,733,013.53 100.00 89,965.39 5% 5% 73,941,356.31 100% 72,086,142.48 2 % % % % 26,534,844.95 95.55 367,288.56 3 26,916,571.09 97.73 198,703.68 3 844,800.00 3.04 58,996.00 7 592,634.51 2.15 41,484.42 7 359,956.00 1.30 61,192.52 17 3,000.00 0.01 510.00 17 32,250.95 0.11 9,675.29 30 30,000.00 0.11 9,000.00 30 27,771,851.90 100.00 497,152.37 27,542,205.60 100.00 249,698.10 5% 5% 18,551,680.01 66.80% 14,291,893.10 2,000.00 530,102.16 3 409,563,592.63 77,981,089.71 106,402,038.24 381,142,644.10 0.00 0.00 0.00 0.00 409,563,592.63 77,981,089.71 106,402,038.24 381,142,644.10 2003 126 53 60

530,102.16 15.15% 1,000,000.00 337,388.82 132,509.02 366,179,092.88 76,887,081.19 105,662,125.66 337,404,048.41-492,912.31 0.00-85,019.33-407,892.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 43,877,412.06 1,008,989.19 739,912.58 44,146,488.67 409,563,592.63 77,896,070.38 106,317,018.91 381,142,644.10 1 39,863,132.79-12,456,510.83-535,342.04 0.00 0.00-12,991,852.87-12,991,852.87 100.00 39,900,000.00 108,587,752.08 17,235,779.59 54,550,000.00 0.00 125,823,531.67 71,273,531.67 95.00 13,940,000.00 13,817,097.76 126,231.50 0.00 0.00 13,943,329.26 13,943,329.26 85.00 8,820,000.00 16,502,492.54 2,220,773.36 0.00 0.00 18,723,265.90 18,723,265.90 50.98 12,434,062.96 20,648,425.03 1,771,725.71 0.00 0.00 22,420,150.74 22,420,150.74 51.00 14,015,000.00 33,192,616.39 7,070,441.70 0.00 0.00 40,263,058.09 40,263,058.09 90.33 27,000,000.00 110,905,552.34 51,882,021.75 50,000,000.00 0.00 162,787,574.09 112,787,574.09 90.00 20,188,507.64 22,380,520.83-448,511.34 0.00 250,832.28 21,932,009.49 22,182,841.77 96.14 38,000,000.00 30,487,557.40-3,696,285.84 0.00 0.00 26,791,271.56 26,791,271.56 95.00 4,500,000.00 513,199.71-303,146.21 0.00 0.00 210,053.50 210,053.50 90.00 14,941,951.11 21,600,389.63 1,312,560.73 1,112,125.66 0.00 22,912,950.36 21,800,824.71 45.00 233,602,654.50 366,179,092.88 76,636,248.90 105,662,125.66 250,832.28 442,815,341.79 337,404,048.42 2001 39,900,000.00 54 60

2 1,989.10 500,000.00 0.052675 1,992.12 1,000,000.00 15.15% 469,897.84 1,985.12 50,000.00 0.18% 2,000.06 10,000,000.00 2.50% 2,001.11 20,000,000.00 1.44% 2,003.01 9,990,000.00 16.50% 2,003.03 2,076,386.51 47% 2,004.12 1,000,000.00 5% 44,616,386.51 469,897.84 25% 15% 3-850,193.22 10-492,912.31 0.00-85,019.33-407,892.98-850,193.22-492,912.31 0.00-85,019.33-407,892.98 850,193.22 10-85,019.33-407,892.98 4 311,883,627.32 200,057,594.05 111,826,033.27 55.9% 5 121,961,664.12 100,569,611.26 55 60

6-46,283.49 0.00-21,951.86 0.00 0.00 76,181,336.33 0.00 97,311,338.46 0.00 85,019.33 0.00 75,019.33 0.00 0.00 0.00 0.00-46,283.49 76,266,355.66-21,951.86 97,386,357.79 7 20,410,797.12 20,258,676.62 0.00 95,366.98 482.61 40,704.29 88,417.72 475,118.00 286,323.09 0.00 20,786,020.54 20,869,865.89 ( ) ( ) 1 1 56 60

2 660,000,000.00 0.00 0.00 660,000,000.00 15,515,000.00 0.00 0.00 15,515,000.00 17,300,000.00 0.00 0.00 17,300,000.00 21,930,000.00 0.00 0.00 21,930,000.00 30,000,000.00 0.00 0.00 30,000,000.00 4,000,000.00 0.00 0.00 4,000,000.00 19,030,000.00 0.00 0.00 19,030,000.00 42,000,000.00 0.00 0.00 42,000,000.00 16,400,000.00 0.00 0.00 16,400,000.00 5,000,000.00 0.00 0.00 5,000,000.00 40,000,000.00 0.00 0.00 40,000,000.00 21,000,000.00 0.00 0.00 21,000,000.00 3 % % % % 94,768,047.00 51.00 28,430,414.00 0.00 123,198,461.00 51.00 14,015,000.00 90.33 0.00 0.00 14,015,000.00 90.33 8,820,000.00 50.98 0.00 0.00 8,820,000.00 50.98 12,434,062.96 51.00 0.00 0.00 12,434,062.96 51.00 27,000,000.00 90.00 0.00 0.00 27,000,000.00 90.00 14,941,951.11 45.00 0.00 0.00 14,941,951.11 45.00 4,500,000.00 90.00 0.00 0.00 4,500,000.00 90.00 39,900,000.00 95.00 0.00 0.00 39,900,000.00 95.00 13,940,000.00 85.00 0.00 0.00 13,940,000.00 85.00 8,000,000.00 80.00 0.00 0.00 8,000,000.00 80.00 38,000,000.00 95.00 0.00 0.00 38,000,000.00 95.00 20,188,507.64 96.14 0.00 0.00 20,188,507.64 96.14 57 60

2 1 2 3 0.00 371,364.26 0.04 0.00 461.52 0.00 0.00 285,749.41 0.03 657,575.19 4 3,892,279.67 4,614,302.08 0.00 0.00 0.00 0.00 0.00 35,210.02 5 3,892,279.67 1,387,913.04 ( ) 2004 12 31 500,000.00 58 60

500,000.00 2004.01.14 2005.01.14 ( ) 2004 12 31 ( ) 2005 2 28 2005 171,348,717.08 25,303,297.89 12,574,950.64 28,406.79 4,646,622.57 138,088,684.33 241,563,368 10 3.50 84,547,178.80 53,541,505.53 10 2 ( ) 2004 12 31 ( ) ( ) ( ) ( ) 50% ( ) 282,349.78 0.00 0.00 0.00 0.00 0.00 490,938.00 0.00-46,283.49 11,312,510.83 449,993.77 489,673.69 0.00 100,046.57 0.00 0.00 0.00 0.00 1,814,982.27 10,284,899.50 59 60

60 60