000018 200018 2003-012 Shenzhen Victor Onward Textile Industrial Co., Ltd. 2002 2002 Annual Report 2003/04/04

Shenzhen Victor Onward Textile Industrial Co., Ltd. 10 C 755 8232 0942852 2428 1823 755 8233 9100852 2480 5666 cx@chinaszvo.com 10 C 889 18 10 C 518001 http://www.chinaszvo.com szvo@chinaszvo.com http://www.cninfo.com.cn 10 C A B 000018 200018 1 1984 1991

2 100625 3 440301618801483 4 5 5002 37 6 2002 193 135 137 2021 113 296-101 0-2 1599 0.8 ( ) : 13 : 14 1 2002 2001 2000 16174 14,880 16,376 135 84 506 37645 38,886 43,773 30826 30,692 30,717 0.008 0.005 0.03 1.825 1.815 1.816 1.814 1.80 1.80 0.09 0.11 0.12 0.437% 0.274% 1.65% 2

[ ] 1,347,864 308,263,111 1,898,106 295,410,464 ( ) 308,263,111 1,347,864 1 (10,140,439) 485,202 2 (422,748) 65,040 3 (2,289,660) - 295,410,264 1,898,106 2002 [ ] = / = / = - - < > - / = / = / 100% [ ] 2000 2001 2002 169,142,356 6.56% 6.57% 0.119 0.119 0.96% 0.96% 0.017 0.017 0.44% 0.44% 0.008 0.008 0.44% 0.44% 0.008 0.008 3

169,142,356 29,722,897 52,891,633 3,620,299 3,847,900 51,310,462 306,915,248 202,180 67,394 1,145,684 1,347,864 1 1 169,142,356 29,722,897 53,093,813 3,687,693 4,993,584 51,310,461 308,263,111 1) 10% 5% 2), 2002 115 + - ) 1 122,291,150 122,291,150 55,031,022 55,031,022 24,458,231 24,458,231 42,801,897 42,801,897 2 3 0 0 4 122,291,150 122,291,150 ) 1 20,231,200 20,231,200 2 26,620,006 26,620,006 2 3 46,851,206 46,851,206 ) 169,142,356 169,142,356 1 2002 24,608 A 16,903 B 7,705 2 10 47,359,859 28% 24,458,231 14.46% 4

Style-Success Ltd. 24,446,029 14.45% 7,671,163 4.54% 6,114,556 3.62% 5,561,729 3.29% 2,140,550 1.27% 333,100 0.20% 278,500 0.16% 278,150 0.16% [ ] [ ] 24,458,231 12,229,115 ( 7.23%) 2000, 2002 12 20 5% 5% 1 47,359,859 28% 1994 6 17 35,955.5085 2 24,458,231 14.46% 5

1994 8 16,341.6000 3 Style-Success Ltd. Miss Amy Wang 24,458,029 14.46% 28% 10% 14.46% Style-Success Ltd. 14.46%, 39 2002.6-2003.5 0 0 45 2000.5-2003.5 0 0 50 2002.6-2003.5 0 0 44 2000.5-2003.5 0 0 56 2000.5-2003.5 0 0 55 2000.5-2003.5 0 0 37 /2000.5-2003.5 0 0 41 2002.6-2003.5 0 0 42 2002.6-2003.5 0 0 52 2000.5-2003.5 0 0 44 2000.5-2003.5 0 0 53 2002.6-2003.5 0 0 60 2000.5-2003.5 0 0 47 2002.6-2003.5 0 0 57 2002.6-2003.5 0 0 49 2002.6-2003.5 0 0 30 2002.6-2003.5 0 0 6

93.50 24.00 61.00 3.00 / 20-30 1 10-19 4 3-10 6 2002 5 25 2002 6 26,,,, 7

2002 6 26 2002 6 26 400 20 350 20 8 36 30 1 2 3 2 4 8

5 6 7 1 2 3 4 5 9

2002 5 22 2002 2002 6 26 2001 5 110,069,838 65.08 A 3 79,489,253 B 2 30,580,585 1 2001 2 2001 3 2001 4 2001 2002 5 6 7 8 9 10 11 12 13 00 10

2002 2 1 2002 2 16,174 8.69% 135 60.20% 1 16,095 14,121 1,974 79 32 47 2 729 620 109 15,445 13,533 1,912 3 10% 23% 39% 5 2003 2003 11

12 1 2, 3 2004 ERP

ISO9002 ISO14000, 1 1984 500 100% 9,288 2 1988 7 21 8549 49.56% ( ) A TEX 200 ( ) 150 75 A TEX 50 25 2002 12 31 2001 12 31 +/- 376,445,241 388,860,327-3.19% 308,263,111 306,915,248 0.44% 2002 2001 +/- 20,210,797 15,374,486 31.46% 1,347,864 841,358 60.20% 8,480-33,117,291 100.03% 13

14 1 2002 3 20 16 1 2001 2 A B 3 2001 2002 4 2001 ( ) 2001 3 23 5 ( ) A'TEX 6 ISO9000 ISO14000 7 2002 8 ( ) 9 10 11 12 2001 2002 3 2 2 2002 4 17 16 2002 2002 4 20 3 2002 5 22 16 1 2

3 4 5 6 7 8 9 10 11 2001 2002 4 2002 6 25 16 5 2002 8 7 16 1 2002 2002 2 2002 2002 6 2002 10 23 16 2002 2002 2001 2002 2002 1,925,541 1,347,864 10 134,786 5 67,394 1,145,684 2001 3,847,900 4,993,584 2002 15

16 2002 2002 2001 1 2002 3 20 16 1 2001 2 A B 3 2001 2002 4 2001 5 A TEX 6 ISO9000 ISO14000 7 2002 8 < > 9 10 11 2002 3 2 2002 4 17 16 2002 2002 2002 5 22 16

17 2002 2002 6 26 16 2002 2002 8 7 16 1 2002 2002 2 2002 2002 2002 10 23 16 2002 2002 1 2 2002 2002 2002 3 4 5 6 2002

2002 6 26 2002 6 26 2002 5 25 (1) 2002 2001 37,014 130,354-973,862 37,014 1,104,216 (2) 2002 2001-1,132,129 (3) 2002 2001 * - 14,359,409 * 2001 14, 359,409 36.54% 18

40 5 2002 12 31 2001 12 31 1 23,771 279,902 1 2-279,902 2 3-102,961 23,771 662,765 2002 1 1 2 2002 12 31 2001 12 31 * 20,000,000 20,000,000 22,918,000 21,224,000 42,918,000 41,224,000 * 3.2% 5.6% (2001 3.6% 5.6%) 2002 12 31 2001 12 31 19

8,000,000 14,000,000 (2003) 1292 ( )2002 12 31 2002 2002 12 31 2002 2003 4 4 20

2002 12 31 2002 2001 2002 2001 12 31 12 31 12 31 12 31 (1) 36,086,079 33,078,088 10,256,570 18,845,611 (2) 2,382,359 3,117,963 - - (3) (1) 49,072,543 50,539,117 29,808,374 31,172,975 (3) (1) 3,092,028 7,845,380 57,581,732 41,550,267 (4) 501,002 200,113 321,564 - (5) 58,588,547 62,060,243 57,222,026 60,581,117 129,358 152,767 129,358 152,767 149,851,916 156,993,671 155,319,624 152,302,737 (6) (2) 59,361,227 59,599,328 74,054,589 73,683,832 287,409,397 275,573,627 235,237,136 224,929,875 (142,704,780) (131,073,002) (125,332,241) (115,488,897) (7) 144,704,617 144,500,625 109,904,895 109,440,978 (8) 817,672 5,108,706 817,672 5,108,706 145,522,289 149,609,331 110,722,567 114,549,684 (9) - 232,204-232,204 354,735,432 366,434,534 340,096,780 340,768,457 21

2002 12 31 2002 2001 12 31 12 31 2002 2001 12 31 12 31 (10) 40,442,895 38,846,589 40,442,895 38,846,589 (11) 698,896 5,135,489 - - (12) 15,983,181 13,430,281 15,983,181 13,430,281 622,949 435,318 336,948 435,318 86,604 621,969 86,604 621,969 (13) (8,293,082) (3,681,333) (9,317,364) (4,311,156) (12) 2,055,615 1,965,396 960,623 1,205,897 (14) 1,815,604 2,389,628 1,118,489 1,324,286 (15) - 1,054,129 - - 53,412,662 60,197,466 49,611,376 51,553,184 (15) - 6,553,238 - - (16) 10,468,557 10,468,557 - - 10,468,557 17,021,795 - - 63,881,219 77,219,261 49,611,376 51,553,184 368,809 - - - (17) 207,871,032 207,871,032 207,871,032 207,871,032 (18) 27,916,687 27,916,687 27,916,687 27,916,687 (19) 49,986,749 49,796,229 49,986,749 49,796,229 (19) 3,503,384 3,439,877 3,503,384 3,439,877 4,710,936 3,631,325 4,710,936 3,631,325 290,485,404 289,215,273 290,485,404 289,215,273 354,735,432 366,434,534 340,096,780 340,768,457 22

2002 12 31 2002 2001 2002 2001 12 31 12 31 12 31 12 31 (20) (3) 152,410,785 139,977,879 141,769,639 130,769,971 (20) (4) (133,365,556) (125,513,900) (132,985,845) (124,555,670) 19,045,229 14,463,979 8,783,794 6,214,301 (21) 1,065,004 804,792 439,599 511,502 (6,033,299) (6,462,345) (1,039,961) (998,195) (9,831,519) (7,519,138) (5,587,802) (3,715,446) - (22) (1,456,765) (964,849) (1,341,845) (478,507) 2,788,650 322,439 1,253,785 1,533,655 / (23) (5) (955,545) 969,482 388,917 (241,734) 124,858 44,822 124,858 44,822 (24) (143,470) (156,067) (143,470) (156,067) 1,814,493 1,180,676 1,624,090 1,180,676 (675,553) (389,144) (353,959) (389,144) 131,191 - - - 1,270,131 791,532 1,270,131 791,532 2002 2001 (6)(2) 259,209 259,209 - - 23

2002 12 31 2002 2001 2002 2001 12 31 12 31 12 31 12 31 1,270,131 791,532 1,270,131 791,532 3,631,325 2,958,523 3,631,325 2,958,523 4,901,456 3,750,055 4,901,456 3,750,055 (127,013) (79,153) (127,013) (79,153) (63,507) (39,577) (63,507) (39,577) 4,710,936 3,631,325 4,710,936 3,631,325 24

2002 155,210,861 268,906,641 2,003,866 2,003,866 1,123,590 15,526 158,338,317 270,926,033 (121,442,276) (262,645,842) (12,554,978) (9,002,821) (965,045) (965,045) (8,312,024) (3,462,093) (143,274,323) (276,075,801) 15,063,994 (5,149,768) 18,160 18,160 684,933 489,844 703,093 508,004 (5,352,136) (3,823,627) (4,649,043) (3,315,623) 500,000-500,000 - - 1,596,306 500,000 1,596,306 (3,000,000) - (6,011,061) - (1,895,899) (1,719,956) (10,906,960) (1,719,956) (10,406,960) (123,650) - - 7,991 (8,589,041) 25

2002 1 1,270,131 1,270,131 2,875,113 2,875,113 11,631,778 9,843,343 232,204 232,204 1,210,966 1,230,112 ( ) 955,545 (388,917) 3,073,279 2,960,674 1,273,149 (19,634,314) (7,326,980) (3,538,114) (131,191) - 15,063,994 (5,149,768) 2 - - 3 30,086,079 10,256,570 (30,078,088) (18,845,611) 7,991 (8,589,041) 26

2002 12 31 ( ) 1984 3 26 1991 11 19 A B 1992 ( ) ( ) (1) (2) 1 1 12 31 (3) (4) 27

2002 12 31 ( ) (5) (6) (i) (ii) (iii) 1) 2) 3) 1) 2) 3) 4) 28

2002 12 31 ( ) (7) 3 3 (8) 1 29

2002 12 31 ( ) (9) 1 3% 1-2 10% 2-3 50% 3 100% (10) 30

2002 12 31 ( ) (11) 1 20 20 20% 20% 20% 20% 10 10 50% 31

2002 12 31 ( ) (12) 1 20 50-2% 5% 20 30 10% 3% 4.5% 5 14 10% 6% 18% 4 5 10% 18% 22.5% 5 10% 18% (13) 32

2002 12 31 ( ) (14) (15) 1 1 (16) 33

2002 12 31 ( ) (17) (18) (i) (ii) (iii) 34

2002 12 31 ( ) (19) (20) 2002 1 1 - (21) (1995)11 (1996)2 10% 10% 35

2002 12 31 ( ) 2002 10% 17% 17 5% 5 16% 70% 10% 2002 10% 2001 10% 36

2002 12 31 ( ) 1983 12 2 ( ) (1) 2002 4 18 ( ) 2,400,002 2,400,002 100% - 2,000,000 1,500,000-75% 1993 11 9 1,000,000 1,000,000-100% (2) ( ) (3) 1988 7 21 85,494,700 21,545,865 36.54% 13.02% (4) ( ) 1988 5 5 10,485,250 7,400,900-37.5% (4) ( ) ( ) 1997 1 27 1,000,000 233,645 25% - ( ) ( ) (1) 2002 4 18 2,000,000 50% 2002 (2) 1999 1 21 ( ) 6(1)(a) (3) ( ) 6(1)(b) 6 (2) (4) 37

2002 12 31 ( ) 3 2002 12 31 2001 12 31 171,495 810,479 35,914,584 32,267,609 36,086,079 33,078,088 73,155 7.8000 570,609 3,377,101 0.9423 3,182,242 3,752,851 2002 12 31 2001 12 31 36,086,079 33,078,088 * (6,000,000) (3,000,000) 30,086,079 30,078,088 * 16,000,000 2001 8,000,000 38

2002 12 31 ( ) 4 2001 12 31 2002 12 31-5,293,665 - - 5,293,665 (2,175,702) (735,604) - (2,911,306) 3,117,963 (735,604) - 2,382,359 2002 12 31 2,382,359 2001 3,117,963 5 (1) 2002 12 31 2001 12 31 55,035,795 56,165,500 (5,963,252) (5,626,383) 49,072,543 50,539,117 2002 12 31 2001 12 31 (%) (%) 1 42,768,309 76% 39,852,959 72% (1,195,589) (742,551) 1-2 6,246,893 11% 9,433,214 18% (943,321) (562,858) 2-3 4,451,407 8% (2,526,127) 5,175,781 9% (2,346,457) 39

2002 12 31 3 1,974,517 4% (1,974,517) 1,298,215 2% (1,298,215) 55,035,795 100% (5,963,252) 56,165,500 100% (5,626,383) ( ) 3 ( ) (2) 2002 12 31 2001 12 31 6,463,911 9,077,436 (3,371,883) (1,232,056) 3,092,028 7,845,380 2002 12 31 2001 12 31 (%) (%) 1 410,000 6% (12,300) 5,286,966 58% (59,190) 1-2 2,993,698 46% (299,370) 335,521 4% (4,851) 2-3 - - - 1,634,304 18% (1,017,197) 3 3,060,213 48% (3,060,213) 1,820,645 20% (150,818) 6,463,911 100% (3,371,883) 9,077,436 100% (1,232,056) (3) (i) (ii) (iii) 15,939,554 2001 14,130,891 29% 2001 25% 4,433,133 2001 4,930,910 69% 2001 54% 2002 12 31 5% 40

2002 12 31 ( ) 6 2002 12 31 2001 12 31 1 5 5 7 2001 12 31 2002 12 31 50,751,500 45,099,022 5,127,825 6,242,886 6,421,249 7,897,674 259,669 247,382 62,560,243 59,486,964 (500,000) (398,417) - (898,417) 62,060,243 58,588,547 41

2002 12 31 ( ) 8 2002 2002 1 1 12 31 (1)(a) 1,532,586 - - 1,532,586 (1)(b) 30,364,742 520,331 (510,765) 30,374,308 (3) 29,122,239 - - 29,122,239 (4) 4,250,000 - - 4,250,000 (2) (774,853) - (97,667) (872,520) 64,494,714 520,331 (608,432) 64,406,613 (1,532,586) - - (1,532,586) (3,362,800) (150,000) - (3,512,800) (4,895,386) (150,000) - (5,045,386) 59,599,328 370,331 (608,432) 59,361,227 42

2002 12 31 ( ) 6 ( ) (1) (a) 2002 1 1 2002 12 31 2002 1 1 2002 12 31 2002 1 1 2002 12 31 2002 1 1 2002 12 31 100% 100% 1,000,000 1,000,000 532,586-532,886 1,532,586 1,532,586 43

2002 12 31 ( ) 6 ( ) (1) ( ) (b) 2002 1 1 2002 12 31 2002 1 1 2002 12 31 2002 1 1 2002 12 31 2002 1 1 2002 12 31 2001 6 20 2009 7 21 2001 12 31 2008 5 5 1997 1 27 2010 1 27 49.56% 49.56% 21,545,865 21,545,865 7,198,692 520,331 7,719,023 28,744,557 29,264,888 37.5% 37.5% 7,400,900 7,400,900 (6,029,400) (510,765) (6,540,165) 1,371,500 860,735 25% 25% 233,645 233,645 15,040-15,040 248,685 248,685 29,180,410 29,180,410 1,184,332 9,566 1,193,898 30,364,742 30,374,308 44

2002 12 31 ( ) 6 ( ) (2) * (7,128,265) 8 (6,804,253) 907,233 1,231,245 (5,897,020) ** 6,029,400 6 6,029,400 (1,004,900) (1,004,900) 5,024,500 (1,098,865) (774,853) (97,667) 226,345 (872,520) * 2001 13,531,285 ( )5(4) 36.54% 13.02% 49.56% 2001 6 30 7,128,265 11 2002 ( )6(1)(b) 2009 7.5 259,209 ** 7,400,900 37.5% 2001 12 31 4,259,161 2002 2001 12 31 2001 12 31 1,371,500 6,029,400 2001 ( )6(1) (b) 2008 2002 1 1 6 (3) 2001 6 27 2031 6 27 29,122,239 0.5% 2002 12 31 45

2002 12 31 ( ) 6 ( ) (4) 6,620,000 1.7% 4,250,000 2002 12 31 0.111 3,512,800 2001 3,362,800 9 2002 1 1 47,411,117 84,752,624 132,435,523 7,371,388 3,602,975 275,573,627-3,485,951 6,765,436 763,286 821,097 11,835,770 2002 12 31 47,411,117 88,238,575 139,200,959 8,134,674 4,424,072 287,409,397 2002 1 1 12,574,461 30,336,271 79,195,166 6,440,323 2,526,781 131,073,002 1,616,842 2,593,622 6,957,636 203,551 260,127 11,631,778 2002 12 31 14,191,303 32,929,893 86,152,802 6,643,874 2,786,908 142,704,780 2002 12 31 33,219,814 55,308,682 53,048,157 1,490,800 1,637,164 144,704,617 2001 12 31 34,836,656 54,416,353 53,240,357 931,065 1,076,194 144,500,625 (i) (ii) 24,000,000 5,868,457 3,485,951 (iii) 2002 12 31 32,740,725 29,466,653 3,274,072 (iv) (v) 2002 12 31 58,723,000 23,945,000 46

2002 12 31 ( ) 10 2002 1 1 2002 12 31 3,464,600 3,350,701 1,011,151 4,361,852-100 638,000 690,522 16,615 707,137-100 ERP 425,000 551,593 145,119-696,712 90 #2 422,000 421,658 36,939 458,597-100 189,000 94,232 94,234 188,466-100 - 273,365 152,405 120,960 5,138,600 5,108,706 1,577,423 5,868,457 817,672-47 -

2002 12 31 ( ) 11 2002 1 1 2002 12 31 232,204-232,204 (232,204) - 12 2002 12 31 2001 12 31 * 18,846,589 18,846,589 21,596,306 20,000,000 40,442,895 38,846,589 * ( )(1) 3.2% 5.6% (2001 3.6% 5.6%) 13 1 14 2002 12 31 2001 12 31 1 5% 5% - 48 -

2002 12 31 ( ) 15 2002 12 31 2001 12 31 (10,061,735) (4,980,550) 1,321,124 927,491 447,529 371,726 (8,293,082) (3,681,333) 16 2002 12 31 2001 12 31 693,175 746,061 37,233 385,900 218,342 193,490 866,854 1,064,177 1,815,604 2,389,628 17 2002 2007 12 18 18 1992 1 31 14,754,000 4,285,000-49 -

2002 12 31 ( ) 19 2002 12 31 2001 12 31 97,689,978 97,689,978 97,689,978 97,689,978 97,689,978 97,689,978 24,863,555 24,863,555 85,317,499 85,317,499 110,181,054 110,181,054 207,871,032 207,871,032 20-50 -

2002 12 31 ( ) 21 2002 1 1 46,356,352 3,439,877 49,796,229 127,013 63,507 190,520 2002 12 31 46,483,365 3,503,384 49,986,749 10% 50% 25% 5% 10% 2002 5% (2001 5%) - 51 -

2002 12 31 ( ) 22 2002 2001 151,662,707 133,063,859 138,417,624 124,555,670 748,078 301,697 1,560,255 958,230 152,410,785 133,365,556 139,977,879 125,513,900 2001 2002 2002 2001 2002 2001 6,871,956 13,640,794 145,538,829 126,337,085 152,410,785 139,977,879 5,840,380 10,727,089 127,525,176 114,786,811 133,365,556 125,513,900 2002 59,464,922 2001 42,804,060 39% 2001 31% 27,767,904 2001 8,565,235 372,780 2001 2002 10 23 2002 2001 2,680,786 (1,615,782) 1,065,004 2,444,527 (1,639,735) 804,792-52 -

2002 12 31 ( ) 24 2002 2001 1,895,899 3,868,346 (684,933) (3,210,243) 94,563 69,824 151,236 236,922 1,456,765 964,849 25 2002 2001 ( )6(1)(b) 9,566 70,427 ( )2 (735,604) (134,630) ( )6(4) (150,000) - - (595,582) ( )6(2) (97,667) 324,012-1,061,320 18,160 243,935 (955,545) 969,482 26 2002 2001 132,350 54,109-36,014 11,120 65,944 143,470 156,067-53 -

2002 12 31 ( ) 1 (1) 2002 12 31 2001 12 31 33,880,691 34,935,854 (4,072,317) (3,762,879) 29,808,374 31,172,975 (2) 2002 12 31 2001 12 31 (%) (%) 1 27,135,18 78% (1,155,764) 23,477,688 69% (1,055,392) 8 1-2 6,549,150 19% (654,915) 4,283,463 12% (428,346) 2-3 2,983,686 9% (1,491,843) 2,676,869 8% (1,338,435) 3 870,167 3% (870,167) 840,334 2% (840,334) 33,880,691 100% (4,072,317) 34,935,85 4 100% (3,762,879) - 54 -

2002 12 31 ( ) 1 (3) 2002 12 31 2001 12 31 62,844,550 44,645,827 (5,262,818) (3,095,560) 57,581,732 41,550,267 (4) 2002 12 31 2001 12 31 (%) (%) 1 57,662,90 7 42,526,80 95% (1,275,804) 92% (2,232,919) 2 1-2 2,993,698 5% (841,954) 332,521 1% (33,252) 2-3 - - - 1,017,197 2% (1,017,197) 3 2,187,945 3% (2,187,945) 769,307 2% (769,307) 62,844,55 0 100% (5,262,818) 44,645,82 7 100% (3,095,560) 2 2002 2002 1 1 12 31 30,490,808 - (681,769) 29,809,039 19,087,480 383,634-19,471,114 29,122,239 - - 29,122,239 (5,016,695) - 668,892 (4,347,803) 73,683,832 383,634 (12,877) 74,054,589-55 -

2002 12 31-56 -

2002 12 31 ( ) 2 ( ) (1) (a) 2002 1 1 2002 12 31 2002 1 1 2002 12 31 2002 1 1 2002 12 31 2002 1 1 2002 12 31 100% 100% 2,400,002 2,400,002 28,090,806 (681,769) 27,409,037 30,490,808 29,809,039 (b) 2002 1 1 2002 12 31 2002 1 1-57 - 2002 12 31 2002 1 1 2002 12 31 2002 1 1 2002 12 31 2001 6 20 2009 7 21 36.54% 36.54% 13,531,285 13,531,285 5,307,510 383,634 5,691,144 18,838,795 19,222,429 1997 1 27 2010 1 27 25% 25% 233,645 233,645 15,040-15,040 248,685 248,685 13,764,930 13,764,930 5,322,550 383,634 5,706,184 19,087,480 19,471,114

2002 12 31 ( ) 2 ( ) (2) (5,255,585) 8 (5,016,695) 668,892 907,782 (4,347,803) (3) 2001 6 27 2031 6 27 29,122,239 0.5% 3 2002 2001 141,769,639 130,769,971 4 2002 2001 132,985,845 124,555,670-58 -

2002 12 31 ( ) 5 2002 2001 (298,135) (1,243,299) 668,892 238,890 18,160 233,935-1,061,320 - (532,580) 388,917 (241,734) - 59 -

2002 12 31 ( ) 1 4.54% 18 ( ) 27.99% 17 ( ) 50.19% 2 2002 12 31 2001 12 31 90,606,000 90,606,000 359,555,085 359,555,085 3 : 2002 12 31 2001 12 31 % % 9,427,636 4.54% 9,427,636 4.54% 58,203,889 27.99% 58,203,889 27.99% - 60 -

2002 12 31 ( ) 4 5 10 (1) (2) 2002 2001 34,879 122,836-917,698 34,879 1,040,534 (3) 2002 2001-1,066,838-61 -

2002 12 31 ( ) 5 (4) 2002 2001 * - 13,531,285 * 2001 13, 531,285 36.54% 6 (1) 2002 12 31 2001 12 31 308,578 243,648 204,187 204,187 512,765 447,835 (2) 2002 12 31 2001 12 31 1,026,037 1,171,830 800,792 802,871 708,381 708,381 597,002 467,292 3,132,212 3,150,374-62 -

2002 12 31 ( ) 2002 12 31 2001 12 31 8,000,000 14,000,000 ( ) - 2001 2 8, 7 1.75 25%; 5.25 75% 2001 6 30 2000 2003 4 4 2002 12 31 2001 12 31 1 22,400 263,760 1 2-263,760 2 3-97,023 22,400 624,543 2002-63 -

2002 12 31 ( ) 2002 12 31 ( ) - 64 -

2002

2002 12 31 2002 2001 12 31 12 31 2002 2001 12 31 12 31 38,294,547 35,102,467 10,884,272 19,998,962 2,528,159 3,308,782 - - 52,075,783 53,632,112 31,632,646 33,080,761 3,281,261 8,325,517 61,105,734 44,093,143 531,664 212,360 341,245-62,174,166 65,858,330 60,724,014 64,288,681 137,275 162,116 137,275 162,116 159,022,855 166,601,684 164,825,186 161,623,663 62,994,133 63,246,806 78,586,730 78,193,283 304,998,852 292,438,733 249,633,649 238,695,583 (151,438,313) (139,094,670) (133,002,574) (122,556,817) 153,560,539 153,344,063 116,631,075 116,138,766 867,714 5,421,359 867,714 5,421,359 154,428,253 158,765,422 117,498,789 121,560,125-246,415-246,415 376,445,241 388,860,327 360,910,705 361,623,486 12 31-1 -

( ) 2002 12 31 2002 2001 12 31 12 31 2002 2001 12 31 12 31 42,918,000 41,224,000 42,918,000 41,224,000 741,668 5,449,781 - - 16,961,352 14,252,214 16,961,352 14,252,214 661,072 461,959 357,569 461,959 91,904 660,034 91,904 660,034 (8,800,619) (3,906,631) (9,887,586) (4,574,999) 2,181,419 2,085,678 1,019,413 1,279,696 1,926,720 2,535,873 1,186,942 1,405,334-1,118,642 - - 56,681,516 63,881,550 52,647,594 54,708,238-6,954,296 - - 11,109,233 11,109,233 - - 11,109,233 18,063,529 - - 67,790,749 81,945,079 52,647,594 54,708,238 391,381 - - - 169,142,356 169,142,356 169,142,356 169,142,356 29,722,897 29,722,897 29,722,897 29,722,897 53,093,813 52,891,633 53,093,813 52,891,633 3,687,693 3,620,299 3,687,693 3,620,299 4,993,584 3,847,900 4,993,584 3,847,900 51,310,461 51,310,462 51,310,461 51,310,462 308,263,111 306,915,248 308,263,111 306,915,248 376,445,241 388,860,327 360,910,705 361,623,486 12 31-2 -

( ) 2002 12 31 2002 2001 2002 2001 12 31 12 31 12 31 12 31 161,738,325 148,802,140 150,445,941 139,008,168 (141,527,528) (133,427,654) (141,124,579) (132,402,677) 20,210,797 15,374,486 9,321,362 6,605,491 1,130,184 858,253 466,503 543,653 (6,402,537) (6,869,150) (1,103,607) (1,061,031) (10,433,208) (7,995,268) (5,929,775) (3,949,287) (1,545,919) (1,025,586) (1,423,966) (508,629) 2,959,317 342,735 1,330,517 1,630,197 / (1,014,025) 1,030,511 412,720 (256,951) 132,499 47,644 132,499 47,644 (152,250) (165,891) (152,250) (165,891) 1,925,541 1,254,999 1,723,486 1,254,999 (716,896) (413,641) (375,622) (413,641) 139,219 - - - 1,347,864 841,358 1,347,864 841,358 2002 2001 275,073 275,073 - - - 3 -

( ) 2002 12 31 2002 2001 2002 2001 12 31 12 31 12 31 12 31 1,347,864 841,358 1,347,864 841,358 3,847,900 3,132,746 3,847,900 3,132,746 5,195,764 3,974,104 5,195,764 3,974,104 (134,786) (84,136) (134,786) (84,136) (67,394) (42,068) (67,394) (42,068) 4,993,584 3,847,900 4,993,584 3,847,900 1) 2) 3) - 4 -

( ) 2002 164,709,766 285,363,727 2,126,503 2,126,503 1,192,355 16,476 168,028,624 287,506,706 (128,874,544) (278,719,768) (13,323,343) (9,553,794) (1,024,106) (1,024,106) (8,820,720) (3,673,972) (152,042,713) (292,971,640) 15,985,911 (5,464,934) 19,271 19,271 726,850 519,821 (5,679,687) (4,057,633) (4,933,566) (3,518,541) 530,600-530,600 - - 1,694,000 530,600 1,694,000 (3,183,600) - (6,378,938) - (2,011,927) (1,825,215) (11,574,465) (1,825,215) (11,043,865) (131,215) - - 8,480 (9,114,690) - 5 -

( ) 2002 1 1,347,864 1,347,864 3,051,070 3,051,070 12,343,643 10,445,756 246,415 246,415 1,285,077 1,305,394 ( ) 1,014,025 (412,719) 3,261,364 3,141,868 1,351,065 (20,835,935) (7,775,393) (3,754,647) (139,219) - 15,985,911 (5,464,934) 2 - - 3 31,927,347 10,884,272 (31,918,867) (19,998,962) 8,480 (9,114,690) 10597/JWC - 6 -

2002

2002 12 31 290,485,404 1,270,131 1 (9,555,634) 457,220 2 (398,368) 61,289 3 (2,157,614) - 278,373,788 1,788,640 2002-2-

2002 12 31 (%) / 19,045,229 6.56% 6.57% 0.113 0.113 2,788,650 0.96% 0.96% 0.016 0.016 1,270,131 0.44% 0.44% 0.008 0.008 1,288,743 0.44% 0.44% 0.008 0.008 : / 2 / 2-3-

2002 12 31 2002 12 31 2002 1 1 2002 12 31 6,858,439 6,858,439 2,476,696 2,476,696 - - 9,335,135 9,335,135 5,626,383 3,762,879 336,869 309,438 - - 5,963,252 4,072,317 1,232,056 3,095,560 2,139,827 2,167,258 - - 3,371,883 5,262,818 2,175,702-735,604 - - - 2,911,306-2,175,702-735,604 - - - 2,911,306-500,000 500,000 398,417 398,417 - - 898,417 898,417 500,000 500,000 398,417 398,417 - - 898,417 898,417 4,895,386-150,000 - - - 5,045,386-4,895,386-150,000 - - - 5,045,386 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -4-

2002 12 31 2002 2001 12 31 30% 2002 12 31 5% 2002 2001 30% 2002 10% 2002 12 31 2001 12 31 % ( ) (i) 9,831,519 7,519,138 2,312,381 31% (ii) 1,456,765 964,849 491,916 51% ( ) (iii) (955,545) 969,482 (1,925,027) (i) (ii) (iii) 2001 2002 (5) -5-

-6-