JJILIN GUANGHUA HOLDING GROUP CO.,LTD. OO

2006 1 2 4 6 10 13 14 15 24 25 28 67 1

2006 JILIN GUANGHUA HOLDING GROUP CO.,LTD. GHG 727 A 1009 0431-88920227 0431-88927337 E-mailghkg_000546@126.com 727 A 1009 727 A 1009 130061 http://www.cninfo.com.cn 000546 () 2

2006 11992 10 23 8000 5 21993 12 7 10,700 5 31994 12,840 5 41995 13,868 18 51997 1997 6 20 16,950 81 62005 10 19 IT 72006 6 29 727 A 1009 () 2200001003583 () 220105123938867 () 2006 3

2006 2006 2005 2004 118,253,209.98 105,515,904.90 12.07% 61,978,047.80 26,753,917.00 25,784,467.54 3.76% 1,602,611.04 9,237,390.94 9,803,473.71-5.77% 1,165,187.55 7,855,776.13 8,500,607.96-7.59% -11,664,789.28-36,310,122.74-135,133,372.43 73.13% 31,215,685.55 2006 2005 2004 587,445,997.55 720,040,923.10-18.41% 429,820,413.78 227,099,721.61 214,512,330.67 5.87% 201,588,856.96 2006 2005 2004 0.05 0.06-16.67% 0.007 0.05 - - - 4.07% 4.57% -0.50% 0.58% 3.46% 3.96% -0.50% -5.79% -0.21-0.80 73.42% -0.18 2006 2005 2004 1.34 1.27 5.51% 1.189 1.34 1.27 5.51% 1.18 4

2006 973,749.14 596,659.78 120,261.19 2,983.12 312,038.42 1,381,614.81 23.50% 24.17% 0.31 0.31 18.19% 18.71% 0.24 0.24 4.07% 4.18% 0.05 0.05 3.46% 3.56% 0.05 0.05 169,506,479.60 93,458,038.18 3,215,891.69-51,668,078.80 214,512,330.67 3,350,000.00 3,350,000.00 9,237,390.94 9,237,390.94 169,506,479.60 96,808,038.18 3,215,891.69-42,430,687.86 227,099,721.61 5

2006 +- 84,480,000 49.84% -15,304,766-15,304,766 69,175,234 40.81% 1 2 6,243,600 3.68% -1,562,112-1,562,112 4,681,488 2.76% 3 78,236,400 46.16% -13,742,654-13,742,654 64,493,746 38.05% 78,236,400 46.16% -13,742,654-13,742,654 64,493,746 38.05% 0.00% 4 0.00% 0.00% 0.00% 85,026,479 50.16% 15,304,766 15,304,766 100,331,245 59.19% 1 84,949,479 50.12% 15,290,906 90,860 15,381,766 100,331,245 59.19% 2 3 0.00% 0.00% 4 77,000 0.05% 13,860-90,860-77,000 0.00% 169,506,479 100.00% 169,506,479 100.00% 6

2006 2007 05 12 26,864,526 42,310,708 127,195,771 2009 05 12 42,310,708 0 169,506,479, 10 1 2 42,310,708 2009 05 12 42,310,708 7,917,951 2007 05 12 7,917,951 36 12 3 4,582,514 2007 05 12 4,582,514 12 4 4,356,373 2007 05 12 4,356,373 12 2007 05 12 5 3,300,000 3,300,000 12 6 2007 05 12 2,496,854 2,496,854 12 7 2007 05 12 974,748 974,748 12 8 792,000 2007 05 12 792,000 12 9 2007 05 12 749,806 749,806 12 10 449,884 2007 05 12 449,884 12 7

2006 19,987 10 24.96% 42,310,708 42,310,708 8,502,648 4.67% 7,917,951 7,917,951 0 2.70% 4,582,514 4,582,514 0 2.57% 4,356,373 4,356,373 290,000 1.95% 3,300,000 3,300,000 3,300,000 1.47% 2,496,854 2,496,854 0 0.58% 974,748 974,748 0 0.47% 792,000 792,000 792,000 0.44% 749,806 749,806 0 0.42% 720,000 720,000 10 720,000 519,290 415,600 413,320 407,220 406,700 395,960 390,000 370,032 362,700 8

2006 1 2002 12,000 2 19991015 10,000 5,300 53% 4,500 45% 200 2% 91.67% 53% 53% 70% 91.67% 8.33% 24.96% 9

2006 45 2005 10 2008 6 0 0 49 2005 10 2008 6 0 0 36.0 53 2005 10 2008 6 0 0 41 2005 10 2008 6 0 0 33 2005 10 2008 6 0 0 8 47 2005 10 2008 6 0 0 11.5 46 2005 10 2008 6 0 0 11.0 67 2005 10 2008 6 0 0 3 63 2005 10 2008 6 0 0 3 44 2005 10 2008 6 0 0 3 54 2005 10 2006 11 0 0 43 2005 10 2008 6 0 0 40 2005 10 2008 6 0 0 50 2006 11 2008 6 0 0 - - - - - - 75.5-10

2006 1962 1958 1954 1966 1940 1963 1944 1965 1963 STANFORD 1974 ( ) 11

2006 1960 1961 2005 10 2006 11 1953 2006 11 1957 1991 21 20 1964 2003 1967 2006 11 2006 2006 11 2 58 2 18 20 23 16 12

2006 3 43% 5 5 0 0 2006 1-12 5 5 0 0 2006 1-12 5 5 0 0 2006 1-12 13

2006 1 2 2006 2006 3 6 2006 2006 4 3 2006 1434 115,065,370 67.88% 2006 4 4 2005 2006 4 6 2005 2006 5 10 2005 6 50,976,540 30.07 % 5 807,740 0.95 2005 2005 2005 2005 2006 5 11 2006 2006 10 18 2006 2006 11 2 2006 2 50,228,659 29.63 % 2006 2006 11 3 14

2006 2006 75% 120 8.69% 19.4% 75% 4,300.00 7 7,566.00 6,800.00 80,000.00 1.39 94,570.00 2,000.00 06 12 24 * 4,737.00 1.95 9,000.00 12013* 17,562.00 2.95 50,000.00 6,562.00 4 21,762.00 8,570.00 06 12 18 33,72.00 0.49 15,026.40 5,000.00 * 15

2006 14 20 1 3 3 5 % 589,245,997.55 720,040,923.10-18.41 227,099,721`.61 214,512,330.67 5.87 % 53,372,426.12 54,087,554.99-1.32 9,237,390.94 9,803,473.71-5.77 18,326,146.93-21,578,632.94 184.93 % 53,372,426.12 199.49 54,087,554.9 9 % 209.77-10.27 12115921.26 45.29-14,240,807.56 23,241,733.2 90.14-44.85 4-5,666,648.2 - - 3-309,055.30-1.16 10,365.75 0.04-1.12 16

2006 72,004.09 58,744.60 13,259.49 21,451.23 22,709.97 1258.74 8,493.67 2,367.01 11.8% 4.03 7.77 2,125.33 3,789.55 2.95 6.45 3.50 57.66 61.38 41,520.10 36,057.04 5,463.00 13.16 37,895,505.94 6.45% 21,253,319.94 2.95% 3.50% 17,342,315.90 2.95% 67,054,024.82 9.31% -6.36% 152,889,117.46 26.03% 182,427,216.14 25.34% 0.69% 360,570,385.18 61.38% 415,201,013.74 57.66% 3.72% 354,984.38 0.06% 3,589,226.43 0.50% -0.44% 61,894,923.29 10.54% 67,894,923.29 9.43% 1.11% 227,099,721.61 38.66% 214,512,330.67 29.79% 8.87% 587,445,997.55 100.00% 720,040,923.10 100.00% 600 6,189.49 2007 17

2006 9,237,390.94 36,310,122.74 2006 7200 75 : () -36,310,122.74-135,133,372.43 73.13% 62,860,304.67 115,637,541.09-45.64% -8,224,035.00-2,082,801.60-294.85% 18,326,146.93-21,578,632.94 184.93% 5020 99% 1 2 3,778.50 3 5 5,215.84 210 75% 2006 12 48 8 1,462.78 5200 100% 12 2007 2008 18

2006 1747.93 5,296.17 75% 474.75 ( ) 5020 28,772.25 99% 2,728.55 5200 5,255.35 100% 299.30 8000 32.5% 2006 5,523.36 827.01 2006 2007 19

2006 2006 2007 2007 2006 12 2008 6 1.3 5500 18 2007 2006 12 2008 12 1.6 4000 24 2007 2007 12013 2007 2007 3 5 2007 2007 80% 2007 90% 2007 20

2006 2006 5 1 2006 3 3 2006 3 6 2 2006 4 4 2006 4 6 3 2006 8 7 2006 4 2006 10 17 2006 10 18 5 2006 12 12 2006 12 14 2006 923.74 () 21

2006 56 [2003]56 900 1995.10.15-1996.7.26 1000 1998.4.23-1999.4.22 1100 1999.8.21-2000.12.30 2006 12 31 () 2007 1 1 2006 2 15 [2006]3 1 38 2007 1 1 2007 1 1 1 38 2006 12 31 110,250,713.96 22

2006 82,288,209.85 27,962,504.11 2007 1 1 2007 1 1 2 2007 1 1 755,621.08 724,976.73 30,644.35 3 2006 12 31 2,829,728.58 2007 1 1 2,829,728.58 30,644.35 2,860,372.93 () 1 6 2 18 () 23

2006 4 2005 2006 2 2006 4 4 2005 2005 2005 2005 2006 4 6 2006 8 7 2006 2006 10 17 2006 2006 23 2006 10 18 2006 11 2 2006 11 3 24

2006 1997 3,082.00 25

2006 1 2000 3 17 6 9 1100 2 1998 4 23 1000 2006 3 3, 2005 10 31, 6289 75% 2006 4 3 2006 3 6 2006 4 4 2006 10 17 26

2006 19.40% 8.69% 75 2,966.04 2,966.04 3,141.08 2,966.04 2,966.04 2006 12 31 2006 10 18 2,238 2,014.2 90% 223.8 10% 2,665.8 90% 296.2 10% 5,200 0.6559 18 2 1.3 2006 12 14 27

2006 ( ) 0.00 0.00 2,248.98 455.40 0.00 792.80 0.00 0.00 0.00 39.08 0.00 0.00 0.00 831.88 2,248.98 455.40 0 0 9001995.10.15 1996.7.26 1000 1998.4.23 1999.4.22 11001999.8.21 2000.12.30 3000 13% 1 8,502,648 2 2006 23 6 200633 10 1.8 15,304,766 6,720,309 16 8,584,457 28

2006 200643 2006 2007 2007 1 16 2007 A 1.00 / 7,000 2007 90% 93% BF 2007 1 18, [2004]58 1% 2% 2007 2 1 [2006]187 [2006]187 29

2006 [2007]005 2006 12 31 2006 1 2 3 30

2006 2006 12 31 2006 [1992]14 [1992]42 1993 7 15 242 243 10 27 [1993]88 2700 10,700 1993 12 15 1994 12,840 1995 13,868 1997 16,950 727 A 1009 2200001003583 19982000 2001 5 9 2001 6 19 2001 5 9 2002 5 8 2002 5 15 2002 8 8 ST 000546 31

2006 2003 9 2005 8 2005 10 17 2005 10 19 IT ST GST 2006 4 6 2005 13.3.1 2006 4 5 2006 5 22 G 000546 2006 10 8 1 2 1 1 12 31 3 4 32

2006 5 6 3 7 ( ) 1 10% 1 2 20% 2 3 30% 3 50% 1 2 8 33

2006 34 9 10 20%(20%), 20% 20% 20% 50% 50%

2006 10, 11 12 1 2 2 1 3 4 5 1 2 3 4 13 35

2006 2000 3%-5% (%) 40-50 1.92 2.4 5-12 8.00 19.2 5-12 8.00 19.2 a b c d 36

2006 e 14 3 15 16 37

2006 17 80% 18 19 50 38

2006 1 2 1 75% 200633 20051031 6200 75% 200634 20051031)20051231 200611 20051231 200643 2006426, 200611 a 2005 12 31 101,266,016.95 60,050,000.00 627,953.11 161,943,970.06 67,379,374.56 82,379,374.56 39

2006 b 2005 2,907,552.90 1,069,123.39-501,762.39-501,762.39 2 2006310, 20051231 2,691,412.00 2,094,752.22 20051231 200611 : a 2005 12 31 231,123.18 792,565.80 1,023,688.98 3,715,100.98 3,715,100.98 b 2005 - - -35,279.56-35,279.56 40

2006 3 75% 2006 10 17 [2006]18 2006 10 17 19.4% 8.69% 2966.04 75% 2966.04 75% 2006 12 13 2006 11 30 a 2006 11 30 25,134,291.26 10,000,000.00 56,897.64 35,191,188.90 33,042,136.45 33,042,136.45 b 2006 12 14,627,775.00 6,269,802.29 6,187,009.87 4,679,105.85 41

2006 % 6% 3%5% 7% 33% ( ) ( ) 5020 99% 15281 210 75% 2966 5200 100% 5976 670 100% 670 435 51% 222 75% 2005 12 31 75% 2006 11 30 2006 12 31 2006 12 42

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2006 3 2006-12-31 1 6,480,765.00 88.55% 648,076.50 5,832,688.50 1-2 837,833.00 11.45% 167,566.60 670,266.40 7,318,598.00 100.00% 815,643.10 6,502,954.90 2005-12-31 2,399,125.00 38.88% 239,912.50 2,159,212.50 1 1,675,820.00 27.16% 335,164.00 1,340,656.00 1-2 2,095,247.22 628,574.17 1,466,673.05 33.96% 2-3 6,170,192.22 4,966,541.55 100.00% 1,203,650.67 2006 12 31 5 5 4 2006-12-31 1 7,275,972.84 44.94% 726,847.25 6,549,125.59 1-2 2,324,786.7 14.36% 658,507.33 1,666,279.37 2-3 3,736,738.9 23.08% 1,121,021.67 2,615,717.23 3 2,853,858.96 17.63% 2,845,620.15 8,238.81 16,191,357.40 100.00% 5,351,996.40 10,839,361.00 2005-12-31 1 41,868,362.13 43.21% 4,186,836.22 37,681,525.91 1-2 28,428,941.61 29.34% 5,685,788.32 22,743,153.29 2-3 138,151.15 0.13% 41,445.35 96,705.80 3 26,470,677.16 27.32% 24,904,578.89 1,566,098.27 96,906,132.05 100.00% 34,818,648.78 62,087,483.27 44

2006 12006 12 31 7,050,055.30 43.54% 22006 12 31 5% 5% 3 83.29% 2333 2100 3238 4 (40% ) 2,496,000.00 2,496,000.00 3 220,000.00 220,000.00 3 154,232.50 154,232.50 1-2 5 2006-12-31 2005-12-31 1 4,437,750.00 98.01% 13,969,923.28 78.12% 1-2 90,000.00 1.99% 3,912,748.75 21.88% 4,527,750.00 100.00% 17,882,672.03 100.00% 2006 12 31 5% 5% 74.68 % 6 1 2006-12-31 2005-12-31 94,304.25-105,993.45-61,561,124.95-91,631,922.30-91,233,688.26-90,689,300.39-152,889,117.46-182,427,216.14-45

2006 2 2006-12-31 2005-12-31 2004 * - 40,258,080.85 * 2005-37,613,741.74 2006 2007 72,192,996.90-2006 2007 18,718,197.56 12,644,984.00 2004 322,493.80 172,493.80 91,233,688.26 90,689,300.39 3 2005-12-31 2006-12-31 2004 53,513,516.79 2,734,153.00 55,463,244.19 784,425.60 2005 36,808,152.83 11,456,588.00 25,592,375.25 22,672,365.58 2004 1,310,252.68-1,310,252.68 - * 2006-45,426,660.01 7,322,326.24 38,104,333.77 91,631,922.30 59,617,401.01 89,688,198.36 61,561,124.95 * 46

2006 7 (1) 2005-12-31 2006-12-31 424,671,966.19 32,711,792.00 93,791,055.74 363,592,702.45 9,470,952.45-6,448,635.18 3,022,317.27 415,201,013.74 32,711,792.00 87,342,420.56 360,570,385.18 (2) a. 2005.12.31 2006.12.31 () - - - 400,000 0.56% 1,000,000.00 1,000,000.00 1,000,000.00 - - 240,200.00 70,000 0.10% 240,200.00 240,200.00 - - - - 785,290 0.33% 1,299,461.00 1,299,461.00 1,299,461.00 2,539,661.00 2,539,661.00 - - 240,200.00 2,299,461.00 47

2006 b. 2005.12 2006.12.31.31 30,718,780 32. 30,718,78 - - - 30,718,780..06 5% 0.06 06 60,000,000 15 60,000,00 - -60,000,00 - - *.00 0.00 0.00 6,700,000. 100 - - - -6,700,000-00 %.00 3,330,855. 20 - - - -3,330,855-10.10 2,218,500. 51 414,635.7 - - -1,803,864 414,635.74 00 % 4.26 2,000,000. 18 2,000,000. - - - 2,000,000.0 00 % 00 0 1,000,000. 00 2% 1,000,000. 00 - - - 1,000,000.0 0 5,000,000. 19. 5,000,000. - -5,000,000. - - * 00 40 00 00 % 2,600,000. 0.2 2,600,000. - - - 2,600,000.0 00 0% 00 0 * 50,000.00 50,000.00 - -50,000.00 - - 14,304,609 8.6 14,304,60 - -14,304,60 - - *.00 9% 9.00 9.00 170,341,82 170,341,8 - - - 170,341,825 ** 5.28 25.28.28 428,148,33 286,429,8 - -10,935,05 4.78 50.08-79,354,60 0.45 207,075,241 9.00.08 * ** 2005 10 2005 10 1 48

2006 c. 2005-12-31 () 2006-12-31 10 94,043,668.45 91,692,585.73-9,404,375.88 11,755458.60 82,288,209.85 10 10 52,839,020.41 40,791,433.34 7,732,744.91 4,556,891.84 8,871,734.01 43,967,286.41 - - 28,197,483.13 234,979.02 234,979.02 27,962,504.11 10 4,023,045.08 3,218,436.04-3,218,436.04 - - - 174,759,056.49 135,702,455.11 32,711,792.00 14,196,246.74 20,862,171.63 154,218,000.37 d. 2005-12-31 2006-12-31 1,607,681.53 - - 1,607,681.53 1,000,000.00 - - 1,000,000.00 112,928.99-112,928.99-6,335,706.19-6,335,706.19-414,635.74 - - 414,635.74 9,470,952.45-6,448,635.18 3,022,317.27 8 2005-12-31 2006-12-31 3,743,672.10-3,743,672.10 - - 2,488,498.00 214,709.00 2,142,258.00 560,949.00-1,229,407.31 31,578.00 1,083,347.31 177,638.00-7,461,577.41 246,287.00 6,969,277.41 738,587.00-1,372,701.70 21,752.80 1,394,454.50 - - 1,586,899.19 211,551.28 1,499,528.95 298,921.52-912,750.09 37,077.01 865,146.00 84,681.10-3,872,350.98 270,381.09 3,759,129.45 383,602.62-3,589,226.43 354,984.38 157,811.36 49

2006 9 2005-12-31 2006-12-31-1,564,772.69-1,564,772.69-256,856.36 256,856.36 - - 1,821,629.05 256,856.36 1,564,772.69 10 2005-12-31 2006-12-31 12013# 14,104,124.00 12,041,685.00-274,988.12 11,766,696.88 11070# 579,365.00 545,765.00-11295.88 534,469.12 14,683,489.00 12,587,450.00-286,284.00 12,301,166.00 11 2006-12-31 2005-12-31 57,000,000.00 63,000,000.00 - - 57,000,000.00 63,000,000.00 4,894,923.29 4,894,923.29 61,894,923.29 67,894,923.29 50

2006 30,000,000.00 6.435% 4,894,923.29 9.6% 12 2006 12 31 5%(5%) 13 2006 12 31 5%(5%) 14 2006-12-31 2005-12-31-1,206.05 3,660,996.62 276,715.65 194,789.52 58,650.28-23,299.94-1,116.50 33,765,366.55 21,396,860.15 13,394.97 16,045.50 3,612.83-5,798.31-1,729,717.62 23,057.52 39,373,676.42 21,796,951.59 51

2006 15 2006 12 31 5%(5%) 16 2006-12-31 2005-12-31 31,327,870.33 29,652,516.87 17 2006-12-31 2005-12-31 13,500,000.00 2007-6-28 6.336% - - 2006-12-30 6.336% 15,000,000.00 18 2005-12-31 +- 2006-12-31 84,480,000 49.84% - -15,304,766 - - -15,304,766 69,175,234 40.81% 1 - - - - - - - - - 2 6,243,600 3.68% -1,562,112 - - -1,562,112 4,681,488 2.76% 378,236,400 46.16% -13,742,654 - - -13,742,654 64,493,746 38.05% 78,236,400 46.16% - -13,742,654 - - -13,742,654 64,493,746 38.05% - - - - - - - - - 4 - - - - - - - - - - - - - - - - - - - - - - - - - - - 85,026,479 50.16% - 15,304,766 - - 15,304,766 100,331,245 59.19% 184,949,479 50.12% - 15,290,906-90,860 15,381,766 100,331,245 59.19% 2 - - - - - - - - - 3 - - - - - - - - - 4 77,000 0.04% - 13,860 - -90,860-77,000 - - 169,506,479 100.00% - - - - - 169,506,479 100.00% 52

2006 19 2005-12-31 2006-12-31 27,269,850.78 - - 27,269,850.78 63,068,187.40-63,068,187.40-3,120,000.00 66,418,187.40-69,538,187.40 93,458,038.18 66,418,187.40 63,068,187.40 96,808,038.18 75% 63,068,187.40 3,350,000.00 20 2005-12-31 2006-12-31-3,215,891.69-3,215,891.69 3,215,891.69-3,215,891.69-3,215,891.69 3,215,891.69 3,215,891.69 3,215,891.69 [2006]67 2005 12 31 21 1-51,668,078.80 9,237,390.94 - :a. - -42,430,687.86 53

2006 22 2006 2005 2006 2005 118,253,209.98 105,515,904.90 56,742,770.93 44,577,107.65 2006 23 2006 2005 7,249,388.46 10,323,690.03 54,562.38 51,822.27 6,902.47 3,990.56 7,201,728.55 10,275,858.32 24 2006 2005 120,261.19 - - -389,904.51 () - -309,330.78-1,292,500.00-14,361,068.75-6,259,912.94-14,240,807.56-5,666,648.23 25 2006 2005 27,871.56 531.96 256,856.36-27,310.50-312,038.42 531.96 54

2006 26 95,597,006.79 27 56,314,141.96 37,237,468.20 19,076,673.76 28 62,891,882.67 75% ()1 29 1,577,681.27 2006 11 30 2006 11 30 30 3,261,642.20 2005 12 31 2005 12 31 1 2006-12-31 1 58,268,823.15 90.12% 4,734.10 58,264,089.05 1-2 447,629.41 0.69% 89,525.88 358,103.53 2-3 3,104,124.51 4.80% 931,237.35 2,172,887.16 3 2,837,381.33 4.39% 2,837,381.33-64,657,958.40 100.00% 3,862,878.66 60,795,079.74 2005-12-31 1 393,935.78 0.76% 39,393.58 354,542.20 1-2 24,589,654.97 47.71% 4,917,930.99 19,671,723.98 2-3 96,531.15 0.19% 28,959.35 67,571.81 3 24,464,199.53 51.34% 24,898,101.26 1,566,098.27 51,544,321.43 100.00% 29,884,385.18 21,659,936.26 55

2006 2 (1) 2005-12-31 2006-12-31 470,858,739.43 60,233,602.94 92,076,046.57 439,016,295.80 9,470,952.45-6,448,635.18 3,022,317.27 461,387,786.98 60,233,602.94 85,627,411.39 435,993,978.53 (2) a. 2005.12.31 () 2006.12.31 400,000 0.56% 1,000,000.00 1,000,000.00 - - - 1,000,000.00 70,000 0.10% 240,200.00 240,200.00 - - 240,200.00 - - - - 785,290 0.33% 1,299,461.00 1,299,461.00 1,299,461.00 2,539,661.00 2,539,661.00 - - 240,200.00 2,299,461.00 b. 2005.12.31 2006.12.31 52,688,501.47 99% 87,354,759.95 27,012,611.99-61,678,870.47 114,367,371.94 59,045,142.32 75% 59,673,446.63 - -59,673,446.63 - - 1,462,890.69 75% - 3,560,617.13 1,462,890.69 3,560,617.13 5,023,507.82 113,196,534.48 147,028,206.58 30,573,229.12-58,210,555.94 65,239,487.60 119,390,879.76 - - 30,718,780.06 32.5% 30,718,780.06 - - - 30,718,780.06 2,218,500.00 51% 414,635.74-414,635.74 2,000,000.00 18% 2,000,000.00 - - - 2,000,000.00 1,000,000.00 2% 1,000,000.00 - - - 1,000,000.00 * 5,000,000.00 19.40% 5,000,000.00 - -5,000,000.00 - - 2,600,000.00 0.20% 2,600,000.00 - - 2,600,000.00 * 14,304,609.00 8.69% 14,304,609.00-14,304,609.00 - - ** 170,341,825.28 170,341,825.28-170,341,825.28 228,183,714.34 226,379,850.08-19,304,609.00-1,803,864.26 207,075,241.08 287,228,856.66 373,408,056.66 30,573,229.12-77,515,164.94 63,435,623.34 326,466,120.84 56

2006 * ** 2005 10 2005 10 1 c. 2005-12-31 () 2006-12-31 10 94,043,668. 91,692,585.7 11,755,458.6 45 3-9,404,375.88 0 82,288,209.85 10 28,197,483.1 - - 3 234,979.02 234,979.02 27,962,504.11 10 4,023,045.0 8 3,218,436.04-3,218,436.04 - - - 98,066,713 94,911,021.7 24,979,047.0 11,990,437.6.53 7 9 9,639,354.90 2 110,250,713.96 d. 2005-12-31 2006-12-31 1,607,681.53 - - 1,607,681.53 1,000,000.00 - - 1,000,000.00 112,928.99-112,928.99-6,335,706.19-6,335,706.19-414,635.74 - - 414,635.74 9,470,952.45-6,448,635.18 3,022,317.27 3 2006 2005 120,261.19 - - -389,904.51 () 30,573,229.12 29,479,684.69-1,292,500.00-9,639,354.90-5,137,212.95 21,054,135.41 25,245,067.23 57

2006 1 1 12000 29.60% 10000. 2005-12-31 ( ) 2006-12-31 12000 12000 10000 10000 2 58

2006 2 1 2006 3 3, 2005 10 31, 6200 75% 2006 3 4 2005 10 31 )2005 12 31 2006 1 1 62,891,882.67 2006 4 3 2 2006 10 17 [2006]18 2006 10 17 19.4% 8.69% 2966.04 75% 2966.04 75% 2006 12 13 19.4% 8.69% 2006 12 26 2006 12 30 3 2004 1 1 2004 1 1 31 8,568,400.00 2,328,400.00 20067 59

2006 4 2006621 2006630 3000 20061231 2700 3 2006.12.31 2005.12.31 * - 5,715,738.23-50,000.00-10,045,644.61-7,928,000.00-390,795.08-2,000,000.00-6,240,000.00 4,554,116.02 877,363.91-19,615.80 * - 38,475,798.01 *, 60

2006 1 2006 12 31 900 ; 1000 ; 1100 3000 2, [2004]58 1% 2% 2007 2 1 [2006]187 [2006]187 2006 3 3, 2005 10 31, 6289 75% 2006 4 3 200633 10 1.8 15,304,766 6,720,309 16 8,584,457 200643 2006 61

2006 2007 2007 1 16 2007 A 1.00 / 7,000 2007 1 90% 93% BF 2005-12-31 2006-12-31 36,022,299.45-731,811.65 29,122,848.30 6,167,639.50 1,203,650.67-52,843.57 335,164.00 815,643.10 34,818,648.78-678,968.08 28,787,684.30 5,351,996.40 707,050.70 - - 707,050.70 707,050.70 - - 707,050.70 9,470,952.45-6,448,635.18 3,022,317.27 9,470,952.45 6,448,635.18 3,022,317.27 7,364,027.50 - - 7,364,027.50 53,564,330.10-731,811.65 35,571,483.48 17,261,034.97 241,937.49 23,332,002.99 4,201,100.00 1,254,581.31, 335,164.00 ) 6,448,635.18 62

2006 1. 2006 23.50% 24.17% 0.31 0.31 18.19% 18.71% 0.24 0.24 4.07% 4.18% 0.05 0.05 0.05 0.05 3.46% 3.56% 2. 1,381,614.81 (1) 973,749.14 (2) 596,659.78 (3) 120,261.19 4 2,983.12 (5) 312,038.42 3. (1) = = (2) (ROE) P ROE E 0 +NP2+E i M i M 0 -E j M j M 0 P NP E 0 E i E j M 0 M i M j 63

2006 (3) EPS P EPS S 0 +S 1 +S i M i M 0 -S j M j M 0 P S 0 S 1 S i S j M 0 M i M j 2006 12 31 227,099,721.61 1-110,250,713.96-110,250,713.96-2 - 3-4 - 5 6-7 - - 8-9 - 10-11 - 12 724,976.73 13 2,860,372.93 2007 1 1 120,434,357.31 - - 64

2006 OO 65

2006 : 2006 12 31 37,895,505.94 135,369.84 21,253,319.94 3,153,191.36 14,000.00 6,502,954.90 4,966,541.55 10,839,361.00 60,795,079.74 62,087,483.27 21,659,936.25 4,527,750.00 17,882,672.03 152,889,117.46 94,304.25 182,427,216.14 87,974.75 212,654,689.30 61,024,753.83 288,631,232.93 24,901,102.36 360,570,385.18 435,993,978.53 415,201,013.74 461,387,786.98 360,570,385.18 435,993,978.53 415,201,013.74 461,387,786.98 154,218,000.37 110,250,713.26 138,085,358.00 96,545,458.00 738,587.00 31,578.00 7,461,577.41 6,264,293.41 383,602.62 4,855.25 3,872,350.98 3,637,338.68 354,984.38 26,722.75 3,589,226.43 2,626,954.73 354,984.38 26,722.75 3,589,226.43 2,626,954.73 32,000.00 32,000.00 1,564,772.69 1,564,772.69 1,919,757.07 1,591,495.44 3,621,226.43 2,658,954.73 12,301,166.00 12,587,450.00 12,301,166.00 12,587,450.00 587,445,997.55 498,610,227.80 720,040,923.10 488,947,844.07 66

2006 61,894,923.29 61,894,923.29 67,894,923.29 67,894,923.29 28,789,920.43 39,252,446.15 324,106.75 77,390,196.19 1,522,367.25 1,522,367.25 1,621,240.50 90,176.68 1,623,067.40 176,453.96 39,373,676.42 13,236.82 21,796,951.59 37,057.34 122,326.49-25,610.09 270.18 180,571,179.72 176,752,108.50 230,090,225.34 175,229,505.22 31,327,870.33 31,327,870.33 29,652,516.87 29,652,516.87 13,500,000.00 15,000,000.00 357,516,547.36 271,510,506.19 482,851,170.70 274,435,513.40 357,516,547.36 271,510,506.19 482,851,170.70 274,435,513.40 2,829,728.58 22,677,421.73 169,506,479.60 169,506,479.60 169,506,479.60 169,506,479.60 169,506,479.60 169,506,479.60 169,506,479.60 169,506,479.60 96,808,038.18 96,808,038.18 93,458,038.18 93,458,038.18 3,215,891.69 3,215,891.69 3,215,891.69 3,215,891.69-42,430,687.86-42,430,687.86-51,668,078.80-51,668,078.80 227,099,721.61 227,099,721.61 214,512,330.67 214,512,330.67 587,445,997.55 498,610,227.80 720,040,923.10 488,947,844.07 67

2006 2006 1-12 118,253,209.98 105,515,904.90 56,742,770.93 44,577,107.65 8,138,012.93 6,851,242.26-53,372,426.12 54,087,554.99-47,275.00 594,928.27 594,928.27 407,672.00 174,019.54 4,506,520.71 4,313,829.32 12,791,855.38 8,507,743.49 7,201,728.55 7,248,361.42 10,275,858.32 7,528,278.30-41,303,779.86-11,562,190.74 31,440,750.02-15,441,093.52 - -14,240,807.56 21,054,135.41-5,666,648.23 25,245,067.23 2,983.12 2,302.63 10,897.71 312,038.42 256,856.36 531.96 500.00-26,753,917.00 9,237,390.94 25,784,467.54 9,803,473.71 16,056,799.02 15,900,493.71 1,459,727.04 80,500.12-9,237,390.94 9,237,390.94 9,803,473.71 9,803,473.71-51,668,078.80-51,668,078.80-295,711,110.70-295,711,110.70 234,239,558.19 234,239,558.19-42,430,687.86-42,430,687.86-51,668,078.80-51,668,078.80-42,430,687.86-42,430,687.86-51,668,078.80-51,668,078.80-42,430,687.86-42,430,687.86-51,668,078.80-51,668,078.80 1 2 3 4 5 6 68

2006 2006 1-12 47,570,613.00 95,597,006.79 5,075,446.25 143,167,619.79 5,075,446.25 117,504,652.72 21,582.00 2,149,134.54 1,306,407.29 3,509,813.31 119,460.00 56,314,141.96 61,265,487.88 179,477,742.53 62,712,937.17-36,310,122.74-57,637,490.92 62,891,882.67 62,891,882.67 62,891,882.67 62,891,882.67 31,578.00 31,578.00 31,578.00 31,578.00 62,860,304.67 62,860,304.67 6,000,000.00 6,000,000.00 2,224,035.00 2,224,035.00 69

2006 8,224,035.00 8,224,035.00-8,224,035.00-8,224,035.00 18,326,146.93-3,001,221.25 1 9,237,390.94 9,237,390.94-973,749.14 1,709,657.88 112,569.73 49,615.13 286,284.00 1,110,997.62 1,110,997.62 256,856.36 256,856.36 7,201,728.55 7,248,361.42 14,240,807.56-21,054,135.41-33,594,182.30-10,791.00 1,945.41 1,459,727.04 2 3 38,104,129.8-61,294,072.81-73,754,628.31 5,108,628.95-36,310,122.74-57,637,490.92 37,895,505.94 135,369.84 19,569,359.01 3,136,591.09 18,326,146.93-3,001,221.25 70