1

2004

1

... 3... 5... 7... 7... 10... 12... 47 2

1 : SHANXI TAIGANG STAINLESS STEEL CO.LTD STSS 2 : :000825 3 030003 tgbx@ tisco.com.cn 4 5 0351-3017728 3017729 0351-3017729 tgbx@tisco.com.cn 6 HTTP://www.cninfo.com.cn 7 1998 6 11 3

2002 3 8 2 1400001006339 14011670101188 67 21 E-mail tycpas@public.ty.sx.cn 2004 6 30 2003 12 31 6,417,869,136.86 5,736,061,928.83 5,039,973,462.69 4,376,023,141.91 10,597,887,785.65 9,065,436,473.26 4,321,978,844.82 4,132,143,726.72 / 3.347 3.200 / 3.343 3.195 2004 (1-6 ) 2003 (1-6 ) 2003 1-6 447,998,666.08 221,803,596.41 221,803,596.41 439,087,586.32 221,803,596.41 221,803,596.41 / 0.347 0.206 0.206 % 10.366 6.08 6.17 758,039,329.23 424,943,053.13 424,943,053.13 2003 13,411,463.46 111,344.42 4,389,039.28-8,911,079.76 4

% 18.257 18.479 0.611 0.611 14.359 14.534 0.481 0.481 10.366 10.492 0.347 0.347 10.159 10.283 0.340 0.340 2004 6 30 144,802 1 5% 5% 70,640.4 54.70% 10 10 144,802 1 ( )0 706,404,000 54.70% 2 +3,677,751 23,231,100 1.80% 5

3-15,845,908 8,811,462 0.68% 4 5,593,008 0.43% 5 5,022,300 0.39% 6 4,026,672 0.31% 7 3,619,634 0.28% 8-1,491,444 3,469,217 0.27% 9-4,777,776 2,956,460 0.23% 10 2,836,148 0.22% ( ) (A B H ) 1 23,231,100 A 2 8,811,462 A 3 5,593,008 A 4 5,022,300 A 5 4,026,672 A 6 3,619,634 A 7 3,469,217 A 8 2,956,460 A 9 2,836,148 A 10 2,832,022 A 6

1 2004 2004 1-6, 202.29 1,017,874.90 266,010.91 35.38% 30.82 472,958.90 166,996.20 54.58% 359,806.84 99,063.28 37.99% 62,922.50 27,586.10 78.07% 44,799.87 22,619.51 101.98% 2 2 1 10% (%) 7

(%) (%) (%) 402,918.75 372,633.98 7.52 22.89 19.14 63.12 315,127.98 286,434.31 9.11 55.68 53.97 12.47 157,830.92 145,442.04 7.85 52.43 47.81 57.95 140,763.56 131,037.17 6.91 20.61 33.41-56.38 1,233.69 1,157.26 6.20-6.85 5.82-63.95 1,017,874.90 936,704.76 7.97 35.38 34.49 8.29 210,741.56 24.43 2 2 % 876,683.48 38.10 141,191.42 20.63 1,017,874.90 35.38 3 3.1 2003 4 1 78,000 2004 1-6 336,407.14 24,027.21 20,647.70 20,118.29 3.2 39,216 2004 1-6 75.20 4.38 64.43, 2004 1-6 209,560.19 69,732.79 49.87% 6,975.22 980.68 16.36% 3557.36 4 4, 8

1 2 2.1 40 283,092 197,920 4# 2004 12.05 2.2 206,547 35 / 2004 6 30 43,152 2.3 AOD 14,000 14,615.62 AOD 2.4 2,800 2,718.27 25 2004 461.69 80.70 9

13 45 205.55 2004 1-6 201.21 31.62 18.31 6.33 101.78 () 2003 2003 2004 101% 2004 50% 2003 2004 2004 2 9 2003 2003 129,140.4 10 2.0 25,828.08 2003 2004 3 25 2003 2004 4 12 2004 10

( ), 2003 3 210,741.56 2002 37.06% 2003 22.86% 20.70% 390,198.39 2002 77.66% 2003 51.29% 41.66% 2004 1 2002 9 2004 1-6 15,162 107.12 359,806.84 18,713.39 2 65,590 91,325.68 33,146.75 2004 6 30 96,232 0 175.73 525.89 11

5% : 1 2004 0 2 3 2004 7 6 12

2004.06.30 2003.12.31 2004.06.30 2003.12.31 1 1,676,891,195.65 1,513,449,164.40 12 715,033,950.00 604,174,760.00 13 794,000,000.00 540,000,000.00 2 460,472,924.72 229,181,397.39 14 1,723,890,136.66 1,531,178,830.48 15 1,043,985,258.58 905,703,202.67 16 20,287,975.25 20,287,975.25 3 395,530,715.00 107,072,499.21 8,862,758.36 7,656,485.12 4 19,091,561.96 18,506,291.83 887,153.78 5 545,175,057.69 596,434,815.84 17 80,690,564.60 67,555,145.57 18 9,140,096.60 7,936,052.12 6 3,320,707,681.84 3,271,417,760.16 19 453,182,864.83 379,643,536.92 7 50,899,857.81 20 140,000,000.00 311,000,000.00 6,417,869,136.86 5,736,061,928.83 5,039,973,462.69 4,376,023,141.91 21 813,617,024.00 172,617,088.00 22 1,920,385.80 3,839,771.60 8 4,788,760,864.19 4,644,026,762.35 23 3,000,000.00 3,000,000.00 8 1,938,437,311.12 1,776,954,526.70 8 2,850,323,553.07 2,867,072,235.65 818,537,409.80 179,456,859.60 8 672,468.73 672,468.73 : 8 2,849,651,084.34 2,866,399,766.92 9 1,023,761,339.05 353,928,511.96 5,858,510,872.49 4,555,480,001.51 10 306,494,086.08 109,003,765.55 417,398,068.34 377,812,745.03 : 4,179,906,509.47 3,329,332,044.43 24 1,291,404,000.00 1,291,404,000.00 25 1,508,131,026.93 1,508,013,774.91 11 112,139.32 42,500.00 26 369,378,540.01 369,378,540.01 123,126,179.99 123,126,179.99 27 1,153,065,277.88 963,347,411.80 112,139.32 42,500.00 258,280,800.00 4,321,978,844.82 4,132,143,726.72 10,597,887,785.65 9,065,436,473.26 10,597,887,785.65 9,065,436,473.26 13

2004.06.30 2003.12.31 2004.06.30 2003.12.31 1,208,817,756.11 1,108,203,492.17 515,033,950.00 350,000,000.00 957,000,000.00 540,000,000.00 161,167,551.23 164,878,821.39 1,439,254,476.09 1,050,414,259.24 930,047,301.52 788,093,562.62 1 133,197,596.88 101,831,850.80 5,770,215.12 5,622,468.38 2 15,584,019.68 15,807,857.25 887,153.78 430,095,939.82 333,898,303.40 59,812,702.84 21,678,565.35 331,306.88 702,605.39 2,663,811,607.43 2,149,931,246.85 367,323,609.37 296,488,902.40 6,760,943.34 140,000,000.00 270,000,000.00 4,612,674,471.15 3,874,551,571.86 4,421,334,505.16 3,323,887,517.16 3 1,661,478,865.92 1,424,605,029.95 731,617,024.00 131,617,088.00 1,661,478,865.92 1,424,605,029.95 2,796,076,676.33 2,661,894,141.33 3,000,000.00 3,000,000.00 883,729,180.55 814,385,363.83 1,912,347,495.78 1,847,508,777.50 734,617,024.00 134,617,088.00 : 672,468.73 672,468.73 : 1,911,675,027.05 1,846,836,308.77 1,006,714,680.06 339,877,427.07 5,155,951,529.16 3,458,504,605.16 282,478,598.09 102,988,241.75 : 3,200,868,305.20 2,289,701,977.59 1,291,404,000.00 1,291,404,000.00 1,508,131,026.93 1,508,013,774.91 300,703,523.59 300,703,523.59 100,234,507.85 100,234,507.85 1,218,831,562.59 1,030,232,675.74 258,280,800.00 4,319,070,113.11 4,130,353,974.24 9,475,021,642.27 7,588,858,579.40 9,475,021,642.27 7,588,858,579.40 14

2004 1-6 2003 1-6 28 10,178,749,032.25 7,518,639,945.26 29 9,367,047,590.95 6,965,095,583.73 30 22,625,855.13 14,820,594.09-789,075,586.17 538,723,767.44-31 3,676,470.81 6,722,957.14 33,973,641.27 13,649,848.65 104,551,250.62 136,065,105.50 32 33,626,672.74 39,166,099.82-620,600,492.35 356,565,670.61-33 34 13,411,463.46 35 4,786,998.42 3,201,647.05-629,224,957.39 353,364,023.56 36 141,753,621.91 100,539,231.18 39,472,669.40 31,021,195.97-447,998,666.08 221,803,596.41 963,347,411.80 715,255,657.42 1,411,346,077.88 937,059,253.83 1,411,346,077.88 937,059,253.83 258,280,800.00 1,153,065,277.88 937,059,253.83 20041-6 20031-6 ------- -------- -------- 1 2 3 4-47,283,771.02 5 6 15

2004 1-6 2003 1-6 4 8,211,654,788.72 6,067,329,682.10 5 7,832,308,377.03 5,789,792,805.16 8,171,399.32 3,711,807.23-371,175,012.37 273,825,069.71-1,715,894.01 4,030,758.97 12,190,346.18 6,192,084.31 32,242,715.24 39,272,105.14 23,814,409.42 33,074,648.37-304,643,435.54 199,316,990.86-6 236,756,583.95 93,196,251.23 13,411,463.46 1,337,054.31 444,671.14-553,474,428.64 292,068,570.95 106,594,741.79 70,264,974.54-446,879,686.85 221,803,596.41 1,030,232,675.74 728,536,569.41 1,477,112,362.59 950.340.165.82 1,477,112,362.59 950.340.165.82 258,280,800.00 1,218,831,562.59 950.340.165.82 20041-6 20031-6 ------- -------- -------- 1 2 3 4-44,709,575.74 5 6 16

2004 1-6 10,091,531,952.27 1 447,998,666.08 7,924,120.76 39,472,669.40 10,099,456,073.03 19,664,210.79 8,648,892,123.82 198,314,361.93 123,643,290.36 401,901,580.25 151,897,328.00 37 15,082,421.37 9,341,416,743.80 50,899,857.81 758,039,329.23-12,149,223.14 19,874.98 31,585,751.25 12,260,567.56 24,807,942.04-54,425,667.68 37,068,509.60-478,175,769.08 939,441,442.47 514,834,596.89 758,039,329.23 939,441,442.47-902,372,932.87 2 966,750,000.00 856,459.02 967,606,459.02 384,997,790.00 272,450,876.02 3 2,418,434.98 1,676,891,195.65 659,867,101.00 1,513,449,164.40 307,739,358.02 36,276.87 163,442,031.25 163,442,031.25 17

2004 1-6 8,839,601,107.12 1 446,879,686.85 6,012,277.65 5,978,805.93 8,845,613,384.77 106,126,269.21 7,842,758,222.71 60,397,403.87 151,770,600.00 169,820,830.54 10,459,730.46 6,760,943.34 8,235,206,787.58-12,149,223.14 610,406,597.19 23,559,830.73-236,756,583.95 12,260,567.56-519,016,106.58 24,807,942.04-127,384,441.75 37,068,509.60 916,407,416.55 914,631,398.42 610,406,597.19 914,631,398.42-877,562,888.82 2 966,750,000.00 409,647.16 967,159,647.16 330,787,470.00 268,102,997.41 3 498,624.18 1,208,817,756.11 599,389,091.59 1,108,203,492.17 367,770,555.57 100,614,263.94 100,614,263.94 18

2004 6 12,238,247.65 15,335,275.21 806,810.42 26,766,712.44 11,223,933.52 15,335,275.21 506,681.50 26,052,527.23 1,014,314.13 300,128.92 714,185.21 14,118,830.00 7,309,092.00 2,173,346.00 19,254,576.00 854,312.00 276,519.00 577,793.00 1,896,827.00 1,896,827.00 11,367,691.00 7,309,092.00 18,676,783.00 672,468.73 672,468.73 672,468.73 672,468.73 19

1997 125 A 1998 10 1 51% 2003 4 1 97.436% 1 2 3 4,, 5, ( ),,,,

6 7 8,, ( ), ------ 1 5% 1--2 10% 2--3 30% 3 50% 9,,,,,,,, 21

10 20%, 20%50%, 50%, 20%50%,,,, 11 1 2000.00 30% 3% % 15--35 6.47--2.77 3--11 32.33--8.82 6--10 16.17--9.70 6 16.17 11 8.82 4--8 24.25--12.13 7--8 13.86 12.12,,, 12 22

,,,,,, 13,,,,,, 14 2001 9 6 2009 8 31 2003 4,,,,, 15 16 17 23

(1995)11 < >,,, 17% 6% 7% 3% * 1.5% 33% ** 0% 1.2% () 1/m 2 () 60/ 24

() 42/ 0.5 0.3 1 0.05 * 1995 71 1.5% ** 2003 4 1 [2003]63 [2003]160 2003 4 1 2004 12 31 2005 1 1 15% 50% 392,156,860.00 200,000,000.00 51% 780,000,000.00 760,000,000.00 97.436% 1 2004.06.30 2003.12.31 -------- --------------- ---------------- 59,438.67 594,068.35 25

1,663,731,301.19 1,512,167,955.87 13,100,455.79 687,140.18 -------- ---------------- ---------------- 1,676,891,195.65 1,513,449,164.40 2 2004.06.30 2003.12.31 -------- --------------- --------------- 460,472,924.72 229,181,397.39 --------- ------------ ------------ 460,472,924.72 229,181,397.39 3 1 2004.06.30. 2003.12.31. % % --------- ------- ------- ------- ------- ---- ---- 1 406,030,310.70 20,301,515.53 96.31 104,968,866.74 5,248,443.32 88.73 1 2 4,994,981.31 499,498.13 1.19 1,549,356.97 154,935.70 1.31 2 3 137,307.70 41,192.31 0.03 342,750.05 102,825.01 0.29 3 10,420,642.52 5,210,321.26 2.47 11,435,458.97 5,717,729.49 9.67 --------- ------------- -------- ----- ------------- -------- ----- 421,583,242.23 26,052,527.23 100 118,296,432.73 11,223,933.52 100 2 101,224,619.35 24.01% 3 303,286,809.50 4 26

1 2004.06.30. 2003.12.31. % % -------- ------- ------- ------ ------- ------- ------ 1 19,500,158.37 592,629.07 98.46 19,052,853.70 863,930.26 97.60 1 2 62,489.10 6,248.91 0.31 160,290.27 16,029.03 0.82 2 3 31,213.10 9,363.93 0.16 96,880.85 29,064.26 0.50 3 211,886.60 105,943.30 1.07 210,581.14 105,290.58 1.08 -------- ----------- ------- ------ ----------- ------- ------ 19,805,747.17 714,185.21 100 19,520,605.96 1,014,314.13 100 2 ------- ------ ------ ------ 1,774,590.50 1 5 1 2004.06.30. 2003.12.31. % % ------- ----------- ------- --------- ------ 1 539,031,728.99 98.87 593,849,278.71 99.57 1-2 6,116,188.74 1.12 2,585,537.13 0.43 2-3 139.96 3 27,000.00 0.01 ------- --------- ------ --------- ------ 545,175,057.69 100 596,434,815.84 100 2 5% 5% 3 1 27

6 2004.06.30. 2003.12.31. ------------ --------- ------- ---------- ------- 1,384,835,859.14 18,676,783.00 1,011,061,574.18 11,367,691.00 951,450.35 1,402,143.30 84,974,698.32 71,209,127.87 2,284,703.87 1,892,245.42 43,094,940.80 40,637,902.52 34,664,862.53 41,869,880.00 366,840,986.11 1,127,283,968.18 1,896,827.00 766,341,878.80 577,793.00 538,400,585.05 854,312.00 24,256,253.41 120,115,566.61 69,759,445.29 39,000,062.58 457,641,373.55 141,070,118.68 102,291,060.44 149,645,692.54 2,024,745.23 1,947,723.23 ------- ------------ ------- ------------ ------- 3,339,962,257.84 19,254,576.00 3,285,536,590.16 14,118,830.00 = - - 7 2003.12.31. 2004.06.30. ----------- ---------- ---------- --------- --------- 819,570,305.99 6,467,990.83 69,000.00 825,969,296.82 449,300,790.29 1,049,020.00 450,349,810.29 2,974,627,222.20 172,047,921.01 37,894,529.00 3,108,780,614.21 28

2003.12.31. 2004.06.30. ----------- ---------- ---------- --------- --------- 26,928,738.98 1,479,706.00 200,000.00 28,208,444.98 295,517,429.65 906,039.00 1,027,200.00 295,396,268.65 20,955,085.81 147,306.00 21,102,391.81 57,127,189.43 2,869,278.00 1,042,430.00 58,954,037.43 ----------- ---------- ---------- ---------- ---------- 4,644,026,762.35 184,967,260.84 40,233,159.00 4,788,760,864.19 ------------ ---------- ---------- ---------- ---------- 2003.12.31. 2004.06.30 ------------ ---------- ---------- ---------- ---------- 285,259,673.11 19,420,856.45 49,125.02 304,631,404.54 263,509,045.16 15,847,195.20 32,850.00 279,323,390.36 1,065,594,850.70 145,615,844.64 35,400,277.58 1,175,810,417.76 13,265,261.99 2,153,248.61 199,435.58 15,219,075.02 114,664,616.26 10,840,148.60 1,003,158.00 124,501,606.86 9,926,823.88 1,759,696.00 11,686,519.88 24,734,255.60 3,419,193.00 888,551.90 27,264,896.70 ------------ ---------- ---------- ---------- ---------- 1,776,954,526.70 199,056,182.50 37,573,398.08 1,938,437,311.12 ------------ ---------- ---------- ---------- ---------- 2,867,072,235.65 2,850,323,553.07 ------------ ---------- ---------- ---------- ---------- 2003.12.31. 2004.06.30. ------------ ---------- ---------- ---------- ---------- - - - - 549,295.96-549,295.96 64,113.12-64,113.12 9,120.45-9,120.45 49,939.20-49,939.20 - - - - - - - - ------------ ---------- ---------- ---------- ---------- 672,468.73-672,468.73 ------------ ---------- ---------- ---------- ---------- 2,866,399,766.92 2,849,651,084.34 1 2004 6 31 174,383,213.00 2 ------ ------------ -------- ----------- 29

12,359,865.07 3,762,243.75 8,597,621.32 12,359,865.07 3,762,243.75 8,597,621.32 2004 3,839,771.60 2004 11 2004 1-6 1,919,385.80 8 2004.06.30 2003.12.31. ------------- -------------- -------------- 1,017,421,567.63 345,399,956.82 3,948,032.76 5,237,134.64 2,391,738.66 3,291,420.50 ------------- ------------- ------------- 1,023,761,339.05 353,928,511.96 669,832,827.09 40 9 2003.12.31 2004.06.30 ) ) :( :( ) :( ) :( ) :( % --------- ---------- ---------- --------- --------- -------- ------ ------ 75,254,208.23 27,857,660.42 103,111,868.65 90% 2001 2#-3#AOD 7,263,592.78 1,325,476.86 8,589,069.64 6,176,332.00 6,176,332.00 90% 1# 1,301,024.35 141,665.97 1,442,690.32 95% 03 2# 315,110.19 315,110.19 03 6# - 492,747.78 492,747.78 100% 01 23# - 29,304.00 29,304.00 03--4# 165,720.00 165,720.00 31,017.14 27,151,652.20 27,182,669.34 100% 2# - 58,500.00 58,500.00 100% 03 --1# 243,919.80 825,600.00 1,069,519.80 AOD 5,917,249.11 83,490,520.98 89,407,770.09 100% 1,754,477.73 3,256,966.87 5,011,444.60 10% 03 5# 1,381,528.67 153,669,782.05 155,051,310.72 40% 3,184,061.75 53,564,415.04 56,748,476.79 100% 8# 1,516,228.17 1,516,228.17 10% 102,988,241.75 353,380,520.34 173,890,164.00 282,478,598.09 : 30

2003.12.31 2004.06.30 :( ) :( ) :( ) :( ) :( ) % --------- ---------- ---------- --------- --------- -------- ------ ------ 405,000.00 405,000.00 38% 32-1,759,508.76 1,759,508.76 40% - 571,728.00 571,728.00 20% 1 49,340.00 49,340.00 95% 1,639,317.52 1,639,317.52 20% 04 5# APU - 501,237.83 501,237.83 11% 04 1# - 14,613,550.49 14,613,550.49 20% 1,826,086.32 493,591.86 2,319,678.18 96% 493,049.00 493,049.00 0.00 100% 1,512,734.96 303,340.00 1,816,074.96 90% 50,000.00 213,737.25 263,737.25 93% 39,996.00 36,319.00 76,315.00 90% 6,015,523.80 18,493,013.19 493,049.00 24,015,487.99 109,003,765.55 371,873,533.53 174,383,213.00 306,494,086.08 10 2004.06.30. 2003.12.31. --------- ----------- ---------- * 235,033,950.00 254,174,760.00 480,000,000.00 350,000,000.00 --------- ------------ 715,033,950.00 604,174,760.00 * 11 2004.06.30. 2003.12.31. ---------- -------- -------- 794,000,000.00 490,000,000.00 50,000,000.00 ---------- -------- -------- 794,000,000.00 540,000,000.00 5% 5% 31

12 1 2004.06.30. 2003.12.31. ---------- ---------- --------- 1 1,695,178,263.07 1,531,178,830.48 1---2 20,665,747.24 17,920,585.70 2 3 5,798,456.42 1,704,758.34 3 2,247,669.93 2,511,128.52 ---------- ---------- ---------- 1,723,890,136.66 1,531,178,830.48 2 5% 5% 192,711,306.18 13 1 2004.06.30. 2003.12.31. --------- ------------- ----------- 1 1,020,729,267.60 882,854,989.81 1---2 1,735,302.77 5,350,402.50 2 3 1,058,018.40 3,035,340.54 3 20,462,669.81 14,462,469.82 --------- --------- --------- 1,043,985,258.58 905,703,202.67 2 1 3 138,282,055.91 4 5% 5% 14 2004.06.30. 2003.12.31. --------- ----------- ------------- 453,182,864.83 379,643,536.92 1 73,539,327.91 32

2 5% 5% 3 3 15 2004.06.30. 2003.12.31. --------- ---------- ---------- * 90,000,000.00 311,000,000.00 50,000,000.00 --------- ------------- ------------- 140,000,000.00 311,000,000.00 * 16 2004.06.30. 2003.12.31. --------- ---------- ---------- * 697,297,024.00 51,000,000.00 5,297,088.00 ** 116,320,000.00 116,320,000.00 --------- ---------- ---------- 813,617,024.00 172,617,088.00 * ** [2003]892 2003 [2003]428 2003 2003 116,320,000.00 17 33

2004.06.30. 2003.12.31. ------------- ------------- ---------- * 1,920,385.80 3,839,771.60 ------------- ------------- ------------- 1,920,385.80 3,839,771.60 * 18 2004 6 30 2003 --------- --------- --------- 963,347,411.80 661,447,157.42-447,998,666.08 610,544,618.75 53,808,500.00 98,145,909.58 49,072,954.79 258,280,800.00* 53,808,500.00 161,425,500.00 1,153,065,277.88 963,347,411.80 258,280,800.00 * 2004 2 9 2004 3 25 2003 2004 4 12 2003 2003 1,291,404,000.00 10 2 258,280,800.00 19 2004 1-6 2003 1-6 2,005,481.00 34

4,029,187,463.75 3,278,676,273.66 3,151,279,833.61 2,024,193,317.95 1,153,956,854.35 744,732,117.29 21,239,577.48 9,307,154.43 4,517,617.51 7,567,378.17 334,331,488.21 192,143,023.90 53,762,535.74 19,876,968.76 10,501,091.63 54,042,908.97 5,758,673.53 8,058,313.80 9,906,178.75 562,722,380.46 541,985,789.80 844,913,224.02 625,106,834.26 459,912.66 331,814.66 3,796,742.40 2,946,144.30 21,996.63 59,885.83 --------- --------- 10,178,749,032.25 7,518,639,945.26 2,683,783,842.99 20 2004 1-6 2003 1-6 ----------- --------- --------- 2,005,481.00 3,726,339,786.18 3,145,774,566.60 2,864,343,086.40 1,860,332,036.80 1,047,583,691.15 677,162,637.96 20,773,849.92 9,211,324.00 4,294,897.00 9,024,051.00 320,508,079.03 192,429,551.00 51,298,140.00 19,170,304.00 35

9,961,752.95 52,064,700.00 4,758,659.65 7,459,286.82 7,795,554.55 488,647,658.57 417,898,055.44 821,724,044.15 564,328,558.56 304,352.93 191,595.05 3,796,742.40 2,946,144.30 12,223.45 32,363.82 --------- --------- 9,367,047,590.95 6,965,095,583.73 2,425,626,763.22 21 2004 1-6 2003 1-6 ------- --------- --------- 141,753,621.91 100,539,231.18 ------- ------------ ------------ 141,753,621.91 100,539,231.18 41,214,390.73 1 1 2004.06.30. 2003.12.31. % % -------- ------- ------- ----- ------- ---- ---- 36

1 132,988,695.94 6,649,434.80 91.57 99,847,591.41 4,992,379.56 88.61 1 2 1,776,120.27 177,612.03 1.22 1,298,953.57 129,895.36 1.15 2 3 137,307.70 41,192.31 0.10 198,781.84 59,634.55 0.18 3 10,327,424.21 5,163,712.10 7.11 11,336,866.91 5,668,433.46 10.06 -------- ----- ----- ----- ----- ----- ----- 145,229,548.12 12,031,951.24 100 112,682,193.73 10,850,342.93 100 2 5% 5% 3 32,547,354.39 2 1 2004.06.30. 2003.12.31. % % -------- ------- ------- ------ ------- ---- ------ 1 15,904,979.57 412,870.13 98.91 16,309,380.16 726,756.59 98.00 1 2 3,954.00 395.40 0.03 111,547.07 11,154.71 0.67 2 3 15,213.10 4,563.93 0.09 71,680.85 21,504.26 0.43 3 155,404.93 77,702.46 0.97 149,329.47 74,664.74 0.90 -------- --------- ------- ------ 16,079,551.60 495,531.92 100 16,641,937.55 834,080.30 100 2 5% 5% 3 1 2003.12.31. 2004.06.30. ------ ------ ------ ------- ------- ------ 37

* 200,000,000.00 364,807,952.51 35,690,895.71 400,498,848.22 ** 760,000,000.00 1,059,797,077.44 201,182,940.26 1,260,980,017.70 1,424,605,029.95 236,873,835.97 1,661,478,865.92 * --- 35,573,643.69 --- 117,252.02 ** --- 201,182,940.26 2 --------- ------ ----- ------- 1998 10 200,000,000.00 51% 2003 4 760,000,000.00 97.436% 3 2004 06 30 4 2003 1-6 2003 1-6 ------- --------- --------- 2,005,481.00 4,029,187,463.75 3,278,676,273.66 231,160,871.90 903,349,835.96 3,518,895,828.70 1,584,695,804.97 21,239,577.48 9,307,154.43 4,517,617.51 7,567,378.17 334,331,488.21 192,143,023.90 53,762,535.74 19,876,968.76 10,501,091.63 54,042,908.97 5,758,673.53 8,058,313.80 9,906,178.75 --------- ----------- ----------- 8,211,654,788.72 6,067,329,682.10 38

2,144,325,106.62 5 2004 1-6 2003 1-6 ----------- --------- --------- 2,005,481.00 3,817,062,738.63 3,127,625,663.70 204,273,031.23 866,439,789.00 3,396,676,601.45 1,499,267,727.26 20,773,849.92 9,211,324.00 4,294,897.00 9,024,051.00 320,508,079.03 192,429,551.00 51,298,140.00 19,170,304.00 9,961,752.95 52,064,700.00 4,758,659.65 7,459,286.82 7,795,554.55 -------- --------- -------- 7,832,308,377.03 5,789,792,805.16 6 2004 1-6 2003 1-6 -------- -------- -------- 236,756,583.95 93,196,251.23 -------- -------- -------- 236,756,583.95 93,196,251.23 1 39

-------- -------- -------- -------- ------ ---- 2 3 2 2003.12.31 2004.06.30 ------------------ -------- ------- ------ --------- 3,345,720,000.00 3,345,720,000.00 392,156,860.00 392,156,860.00 780,000,000.00 780,000,000.00 3 2003.12.31 2004.06.30 ------------- ---------- ---------- ------- ----- 54.70% 54.70% 51.00% 51.00% 97.436% 97.436% 4 -------------- -------------- 40

( ) ( ) ( ) ( ) 1 2004 1-6 % 2003 1-6 % -------------- ------- ------------ ------------- ( ) 110,132,580.70 1.21 190,745,803.29 2.51 ( ) 86,040,987.20 0.95 242,073,633.03 3.18 ( ) 2,539,576,615.00 27.91 2,623,056,526.00 34.47 ( ) 194,415,689.22 2.14 145,702,754.62 1.91 ( ) 181,654,299.55 2.00 166,878,118.43 2.19 ( ) 19,516,117.40 0.21 27,442,349.58 0.36 ( ) 58,885,050.08 0.65 43,980,515.68 0.58 ( ) 401,757,710.87 5.28 41

2004 1-6 % 2003 1-6 % -------------- ------- ------------ ------------- ( ) 4,718,086.71 0.05 1,352,179.00 0.02 ( ) 2,302,700.00 0.03 9,613,216.24 0.13 704,741,802.84 7.74 431,671,062.87 5.67 2 2004 1-6 % 2003 1-6 % -------------- ---- ------------ ----------- ( ) 201,412,525.24 1.98 448,752,775.13 5.97 21,922,208.66 0.29 174,962,045.05 1.72 34,928,321.51 0.46 ( ) 115,046,641.18 1.13 26,245,983.04 0.35 ( ) 1,493,312.24 0.01 7,553,426.41 0.10 ( )114,512,511.23 1.13 52,385,174.49 0.70 540,421,475.40 5.31 364,003,155.10 4.84 ( ) 52,730,984.17 0.52 26,550,017.20 0.35 ( )4,301,775.15 0.04 82,733,595.54 1.10 ( )29,902,563.94 0.29 7,707,812.98 0.10 175,366,027.35 1.72 112,677,895.70 1.50 97,110,104.51 0.95 33,179,085.67 0.44 186,662,596.76 1.83 45,153,376.50 0.60 ( ) 111,677,436.84 1.10 124,906,863.11 1.66 124,744,496.27 1.23 79,369,340.02 1.06 69,055,701.26 0.68 117,287,916.76 1.56 ( )78,031,347.07 0.77 28,566,488.36 0.38 ( ) 13,317.94 145,991.16 ( ) 29,970,746.15 0.29 79,628,522.92 1.06 3 42

1 2004 1-6 2003 1-6 -------------- ---- ------------ ----------- ( ) 594,425,766.21 197,665,597.70 ( ) 150,600.00 203,376.00 ( ) 1,553,875.00 1,976,125.00 ( ) 148,276.00 182,294.00 785,617.05 634,638.14 ( ) 38,961,634.38 11,652,009.83 2 2004 6 30 1,072,330,974 00 3 ( ) 2004 6 30 7,016,163.90 4 2003 9 7 A B = + * / 1- - * 2004 1-6 151,620,000.00 5 2004 1-6 15,000,000.00 2004 1-6 8,000,122.10 6 2004 1-6 80,350,464.95 7 2004 1-6 3,009,594.88 2004.06.30 2003.12.31 -------------------- ----------- -------- 43

2004.06.30 2003.12.31 -------------------- ----------- -------- 584,071.69 584,071.69 4,654,245.22 5,396,769.68 ( ) 29,331,434.47 4,440,731.37 ( ) 1,596,985.04 608,463.74 ( ) 3,777,683.24 73,566.32 ( ) 1,080,000.00 4,380,000.00 3,097,821.00 3,500,000.00 828,523.60 1,480,000.00 840,000.00 15,200,000.00 17,160,000.00 510,000.00 1,200,000.00 806,465.90 2,520,000.00 3,017,280.00 150,000.00 7,670,000.00 6,126,571.90 ( ) 170,000.00 1,838,135.02 2,486,644.91 385,787.36 42,012,672.24 ( ) 306,425,643.56 60,460,000.00 60,460,000.00 3,998,397.17 3,998,397.17 736,074.25 51,900.00 44

2004.06.30 2003.12.31 -------------------- ----------- -------- 62,744.80 : ( ) 30,000,000.00 397,065,527.70 179,136,437.44 ( ) 18,407,854.39 19,361,904.50 ( ) 716,512.41 291,166.43 262,155.75 556,639.55 43,000.00 ( ) 7,298,178.05 119,455,835.76 ( ) 550,960.98 50,049.51 ( ) 5,648,113.23 4,079,684.08 1,800,004.77 5,340,639.63 ( ) 4,889,897.96 7,739,912.76 ( ) 20,267.23 5,257,863.46 9,831,210.17 10,636,631.59 20,253,378.96 4,939,087.95 3,195,339.25 5,956,339.73 963,910.23 963,910.23 3,503,060.27 7,215,507.39 14,585,078.50 10,216,734.56 3,261.83 39,662.38 327,864.34 2,978,224.23 7,303,270.87 551,285.77 13,228,222.27 17,019.70 2,641,663.45 38,9324.00 976,316.41 45

2004.06.30 2003.12.31 -------------------- ----------- -------- 254,250.00 ( ) 20,031,054.26 46,225,108.91 126,485.00 83,580.00 2,401,600.73 2,070,545.12 3,474,225.72 1 2003 9 7 A B 9 1 8 31 = + * / 1- - * 1 1 8 31 1-8 ( ) 20% 2 2004 1-6 3 151,620,000.00 46

4 3,598,068,434.68 187,133,920.30 2000 4 18 300 47