2005 2005 2 3 3 6 6 8 11 41 1
2005 GUANGDONG GOLDEN HORSE TOURISM GROUP STOCK CO.,LTD Golden Horse CO.,LTD (0768)2268969 (0768)2297613 LNKK@luneng.com 521011 lnkk@luneng.com http://www.cninfo.com.cn 000602 1993 4 8 2002 5 30 4451001000880 2
2005 445101282277349 445101282277349 555 10 2005 6 30 2004 12 31 2004 6 30 1 41,557 33,907 31,066 2 7,386 5,977 7,181 3 52,568 45,738 44,210 4 28,208 24,947 21,821 5 / 0.22 0.37 0.16 6 3,261 5,549 2,423 7 3,261 5,514 2,423 8 / 1.87 1.65 1.45 9 / 1.80 1.58 1.45 10 9094 12,865 8,152 11 % 11.56 22.24 11.10 2103.55 1. 3
2005 : () 1. 36,375,000 36,375,000 15,900,000 15,900,000 20,475,000 20,475,000 2. 48,867,000 48,867,000 3. 4. 85,242,000 85,242,000 1. 65,508,000 65,508,000 2. 3. 4. 65,508,000 65,508,000 150,750,000 150,750,000 2. 1 1998 2 103 10050 2 2004 6 10050 10 2 10050 10 3 10050 15075 3 15075 6550.8 43.45% 4
2005 5067 % ( ) 1 35,722,800 23.70 1263.42. 2 19,246,500 12.77. 3 7,477,200 4.96. 4 6,825,000 4.53 5 5,460,000 3.63 6 4,095,000 2.72 7 2,730,000 1.81 8 1,365,000 0.91..... 9 682,500 0.45. 10 409,500 0.27 : 10 13.77% 6.3% 385,800 A 373,700 A 369,060 A 323,500 A 320,900 A 298,000 A 201,000 A 5
2005 177,600 A 162,150 A 155,700 A 1. 60 2005.6-2008.6 0 0 46 2005.6-2008.6 0 0 48 2005.6-2008.6 0 0 58 2005.6-2008.6 0 0 47 2005.6-2008.6 0 0 37 2005.6-2008.6 0 0 42 2005.6-2008.6 0 0 40 2005.6-2008.6 0 0 68 2005.6-2008.6 0 0 41 2005.6-2008.6 0 0 41 2005.6-2008.6 0 0 37 2005.6-2008.6 0 0 42 2005.6-2008.6 0 0 42 2005.6-2008.6 0 0 35 2005.6-2008.6 0 0 6
2005 48 2005.6-2008.6 0 0 2. 2005 6 15 40662 77% 6 797 1.52% 1 97 0.18% 0.16 6772 15.88% 1.57 4239 8.06% 3.57 6830 3261 ISPICPASP IT 12337 22.45% 2796, 7.97% 9098 36.34% 7
2005 3261 34.6% 11.56% 2005,, % % % % 123,365,329.07 27,955,971.00 77.34 22.45-7.97 7.49 88,029,600 19,947,507.36 77.34 5.31-20.86 7.49 123,365,329.07 27,955,971.00 77.34 22.45-7.97 7.49 88,029,600 19,947,507.36 77.34 5.31-20.86 7.49 0 2005 6 30 62 1997 2 9440 8
2005 6772 6510 262 600, 1,. 2. 3 803,810.00 367,970.00 1,372,680.00 824,679.00 192,661.00 192,661.00 1,241,600.00 1,482,384.50 803,810.00 367,970.00 2,806,941.00 2,499,724.50 : 0, 0 4. 0 0 0 9
2005 1. 2001 11 19 169 2001 11 21 2001 653 2002 10 2002 301 1051728 2002 11 1 2002 12 31 13,499,287.97 100% 2004 5 19 2003 138579,, 2. 2002 6 21 3,874,963.00 2002 6 22 2003 6 2003 138 3,379,812.00 2002 6 25 2003 11 20, (2003) 267, 2004 2 17 100% 10
2005 1. 17 2005 16 73,526,600.00 59.60% 17 2004 16 14,503,000.00 11.76% 17 2. 2005.6.30 2004.12.31 (%) (%) 367,970.00 19.03 548,001.00 14.38 367,970.00 19.03 548,001.00 14.38 192,661.00 5.99 154,130.00 3.94 1,241,600.00 38.59 1,241,600.00 31.76 1,434,261.00 44.58 1,395,730.00 35.70 824,679.00 8.72 - - 240,784.50 2.55 240,784.50 3.74 1,065,463.50 11.27 240,784.50 3.74 5% 11
2005 2005.6.30 2004.12.31 1 406,623,766.15 805,618.82 325,646,027.01 2,113,541.58 2 1,933,406.59 3,474,884.37 3 3,177,489.24 20,401,089.53 3,120,517.24 21,021,089.53 4 2,865,126.07 5,293,986.37 5 966,201.21 1,535,270.05 415,565,989.26 21,206,708.35 339,070,685.04 23,134,631.11 6 67,720,744.90 291,103,645.31 65,101,828.00 256,975,860.71 6 14,153,942.49 15,256,847.13 67,720,744.90 291,103,645.31 65,101,828.00 256,975,860.71 7 395,699,757.44 169,655.00 391,272,223.26 158,805.00 340,981,954.02 59,843.09 325,736,167.21 43,781.87 54,717,803.42 109,811.91 65,536,056.05 115,023.13 12,324,872.67 12,324,872.67 42,392,930.75 109,811.91 53,211,183.38 115,023.13 42,392,930.75 109,811.91 53,211,183.38 115,023.13 525,679,664.91 312,420,165.57 457,383,696.42 280,225,514.95 12
2005 2005.6.30 2004.12.31 8 3,217,036.74 3,909,593.14-9 9,455,924.13 6,437,985.31-74,936.67 74,936.67-885,936.39 208,147.81 225,557.06 225,557.06 81,900.00 81,900.00 81,900.00 81,900.00 10 23,454,969.92 364,845.83 15,178,500.58 365,816.98 11 71,446.02 4,225.12 42,925.02 3,499.50 12 14,268,649.48 12,035,548.29 15,766,975.56 12,033,781.48 13 8,850,306.52 4,150,306.52 4,550,306.52 4,550,306.52 14 13,499,287.97 13,499,287.97 13,499,287.97 13,499,287.97 - - 73,860,393.84 30,344,261.54 59,767,967.83 30,760,149.51 - - - - 73,860,393.84 30,344,261.54 59,767,967.83 30,760,149.51 169,743,367.04 148,150,363.15-15 150,750,000.00 150,750,000.00 150,750,000.00 150,750,000.00 16 22,591,809.63 22,591,809.63 22,591,809.63 22,591,809.63 17 20,435,939.60 20,435,939.60 20,435,939.60 20,435,939.60 17 6,811,979.87 6,811,979.87 6,811,979.87 6,811,979.87 18 88,298,154.80 88,298,154.80 55,687,616.21 55,687,616.21 282,075,904.03 282,075,904.03 249,465,365.44 249,465,365.44 525,679,664.91 312,420,165.57 457,383,696.42 280,225,514.95 13
2005 2005 1--6 2004 1--6 20 123,365,329.07 100,746,564.05 20 27,955,971.00 30,376,438.17 4,432,447.23 3,643,702.62 90,976,910.84 66,726,423.26 5,311,220.39 5,316,639.72 4,330,891.80 2,501,547.93 6,596,900.95 1,550,523.86 5,764,436.05 2,535,475.22 21-1,204,029.08-33,381.40-843,619.09-3,358.26 86,564,367.56-1,517,142.46 64,620,698.09-2,532,116.96 22-3,381,083.60 34,127,784.60-1,102,904.64 26,760,102.22 2,103.55 103.55 83,181,180.41 32,610,538.59 63,517,793.45 24,227,985.26 28,977,638.43 22,212,481.41 21,593,003.39 17,077,326.78 32,610,538.59 32,610,538.59 24,227,985.26 24,227,985.26 55,687,616.21 55,687,616.21 28,622,738.61 28,622,738.61 88,298,154.80 88,298,154.80 52,850,723.87 52,850,723.87 88,298,154.80 88,298,154.80 52,850,723.87 52,850,723.87 20,100,000.00 20,100,000.00 88,298,154.80 88,298,154.80 32,750,723.87 32,750,723.87 14
2005 2004 1--6 2004 1--6 138,765,229.25 20,511,051.08 1,224,029.08 653,381.40 10,983,922.56 10,143,661.73 139,989,258.33 653,381.40 131,494,973.64 10,143,661.73 7,700,166.83 17,214,981.80 8,751,024.44 107,981.10 5,700,304.08 201,019.05 25,818,700.15 3,635.40 18,702,767.84 329,014.30 6,775,951.51 1,838,837.66 8,358,228.32 2,754,605.11 49,045,842.93 1,950,454.16 49,976,282.04 3,284,638.46 90,943,415.40-1,297,072.76 81,518,691.60 6,859,023.27 - - 3,965,676.26 10,850.00 620,866.00 6,320.00 6,000,000.00 9,965,676.26 10,850.00 620,866.00 6,320.00-9,965,676.26-10,850.00-620,866.00-6,320.00 - - 4,941,939.75 4,941,939.75 4,941,939.75 4,941,939.75-4,941,939.75-4941,939.75 80,977,739.14-1,307,922.76 75,955,885.85 1,910,763.52 15
2005 2005 1--6 2004 1--6 1 32,610,538.59 32,610,538.59 24,227,985.26 24,227,985.26 21,593,003.39 17,077,326.78 15,245,786.81 16,061.22 19,313,301.40 15,775.05 16,265.20 4,300,000.00-400,000.00 7,550,000.00-450,000.00 3,381,083.60-34,127,784.60 1,102,904.64-26,760,102.22 569,068.84 143,307.61-1,311,427.56 620,000.00-10,362,728.46 14,555,361.73-15,887.97 22,450,329.17 9,825,365.18 90,943,415.40-1,297,072.76 81,518,691.60 6,859,023.27 2 : 406,623,766.15 805,618.82 305,490,139.48 2,698,645.02 325,646,027.01 2,113,541.58 229,534,253.63 787,881.50 80,977,739.14-1,307,922.76 75,955,885.85 1,910,763.52 : : : 16
2005 1992 12 7 1992132 1993 4 8 28227734-9 RMB3800 1996 8 19 96133134 1300 1996 9 10 RMB5100 1996 10 14 5100 1995 10 3 1996 11 28 RMB6630 1996 12 21 6630 104 1997 8 8 RMB9282 1997 6 13 1997 1997 11 13 199752 1998 1 9 199813 1996 8 19 5100 103 768 762 1998 5 25 RMB10050 2001 8 2001 12 2001 12 28 4451001000880 2004 4 23 2003 2003 12 31 17
2005 10,050 10 2 0.5 10 3 2004 9 2 RMB15075 2002 5 30 ISPICPASP IT 18
2005 1 0.5 12 5 23 10 3 30 % 19
2005 20
2005 20%20% 20% 20% 20%20% 10 -- 21
2005 % % 30 3.33 410 10.0025.00 5 6 15.83 5 20.00 22
2005 3 23
2005 24 = 10
2005 25
2005, % 17 3 5 7 3 33% ( ) ( ) (%) 9,440 11,363.59 62 16 10% 26
2005 1 2005.6.30 2004.12.31 166,271.69 50,310.01 406,457,494.46 325,595,717.00 406,623,766.15 325,646,027.01 2 2005.6.30 2004.12.31 % % 1 1,332,199.82 58.69 7,307.20 1,461,439.00 38.35 7,307.20 12 394,362.00 17.38 33,454.98 669,099.60 17.56 33,454.98 23 474,653.50 20.91 104,322.45 1,043,224.50 27.37 104,322.45 3 68,507.00 3.02 191,231.10 637,437.00 16.72 191,231.10 2,269,722.32 100.00 336,315.73 3,811,200.10 100.00 336,315.73 5% 5% 3 2005.6.30 2004.12.31 % % 1 3,071,444.15 10.37 15,072.36 3,014,472.15 10.20 15,072.36 12 2,685,074.91 9.07 2,575,824.91 2,685,074.91 9.09 2,575,824.91 23 13,930,813.06 47.04 13,930,813.06 13,930,813.06 47.13 13,930,813.06 3 9,925,175.66 33.52 9,913,308.21 9,925,175.66 33.58 9,913,308.21 29,612,507.78 100.00 26,435,018.54 29,555,535.78 100.00 26,435,018.54 5% 5% 26,946,397.81 2001 2001 10 26 2003 12 31 27
2005 100% 4 2005.6.30 2004.12.31 % % 1 2,792,129.87 97.45 4,709,132.25 88.95 12 9,246.20 0.32 29,246.20 0.55 23 63,750.00 2.23 63,750.00 1.21 3 - - 491,857.92 9.29 2,865,126.07 100.00 5,293,986.37 100.00 5% 5% 5 2005.6.30 2004.12.31 966,201.21 1,535,270.05 966,201.21 1,535,270.05 28
2005 6 2005.6.30 2004.12.31 68,835,287.51 1,114,542.61 67,720,744.90 66,216,370.61 1,114,542.61 65,101,828.00 68,835,287.51 1,114,542.61 67,720,744.90 66,216,370.61 1,114,542.61 65,101,828.00 % 2004.12.31 2005.6.30 10 55 275,000.00 - - - -275,000.00 - - - 10 52 260,000.00 204,448.40 - - -55,551.60-204,448.40 55,880.04 10 52 260,000.00 33,856.22 - - -226,143.78-33,856.22 33,856.22 10 52 260,000.00 203,887.19 - - -56,112.81-203,887.19 16,720.58 10 52 260,000.00 206,644.40 - - -53,355.60-206,644.40 14,902.49 10 52 260,000.00 97,532.73 - - -162,467.27-97,532.73 6,576.51 10 52 520,000.00 1,067,218.54 - - 547,218.54-1,067,218.54 84,200.71 29
2005 % 2004.12.31 2005.6.30 10 52 260,000.00 267,851.06 - - 7,851.06-267,851.06-10 52 260,000.00 145,061.04 - - -114,938.96-145,061.04 35,381.37 10 52 260,000.00 342,567.09 - - 82,567.09-342,567.09 33,189.53 10 52 260,000.00 186,911.47 - - -73,088.53-186,911.47 38,598.67 10 52 260,000.00 301,797.77 - - 41,797.77-301,797.77 5,081.94 10 52 260,000.00 198,714.80 - - -61,285.20-198,714.80 122,192.95 2,080,000.0 10 52 0 3,716,945.27 - - 1,636,945.27-3,716,945.27 27,565.57 10 52 260,000.00 165,262.65 - - -94,737.35-165,262.65 2,614.42 10 52 260,000.00 256,783.92 - - -3,216.08-256,783.92 44,323.76 6,255,000.0 0 7,395,482.55-1,140,482.55-7,395,482.55 521,084.76 20,000,000. 15 40 00 18,866,710.50 - -940,746.14-2,074,035.64-17,925,964.36-15 40 8,000,000.0 7,416,294.64 - -1,337,432. -1,254,764.08 666,373.60 6,078,862.32-30
2005 % 2004.12.31 2005.6.30 0 32 6,000,000.0 10 20 0 6,610,704.93 6,000,000.00-1,410,704.93 800,000.00 12,610,704.93-10,000,000. 23.13 00 7,870,330.86 - - -2,129,669.14-7,870,330.86 335,985.60 44,000,000. -2,278,178. 1,466,373.6 00 40,764,040.93 6,000,000.00 46-4,047,763.93 0 44,485,862.47 335,985.60 10 14 560,000.00 - - - - - - - 15 1,200,000.0 1,200,000.00 - - - - 1,200,000.00-20 0.75 300,000.00 300,000.00 - - - - 300,000.00 30,884.04 1,000,000.0 5 0 1,000,000.00 - - - - 1,000,000.00-3 300,000.00 300,000.00 - - - - 300,000.00 226,588.21 3,360,000.0 0 2,800,000.00 - - - - 2,800,000.00 257,472.25 31
2005 % 2004.12.31 2005.6.30-15,256,847.13 - - - - 14,153,942.49 - - 15,256,847.13 - - - - 14,153,942.49-53,615,000. -2,278,178. 1,466,373.6 00 66,216,370.61 6,000,000.00 46-2,907,281.38 0 68,835,287.51 1,114,542.61 32
2004 2004.12.31 2005.6.30 22,058,092.36 10 15,256,847.13 1,102,904.64 14,153,942.49 22,058,092.36 15,256,847.13 1,102,904.64 14,153,942.49 2001 12 119,971,468.97 62% 97,913,376.61 22,058,092.36 7 2004.12.31 2005.6.30 6,813,009.97 6,813,009.97 200,725,749.12 1,516,283.20 202,242,032.32 182,739,431.67 2,379,370.98 185,118,802.65 994,032.50 531,880.00 1,525,912.50 391,272,223.26 4,427,534.18 395,699,757.44 2,781,014.96 113,486.04 2,894,501.00 173,551,646.18 2,732,993.17 176,284,639.35 149,041,920.75 12,302,330.42 161,344,251.17 361,585.32 96,977.18 458,562.50 325,736,167.21 15,245,786.81 340,981,954.02 65,536,056.05 54,717,803.42 1,586,244.81 1,586,244.81 10,738,627.86 10,738,627.86 33
2004 12,324,872.67 12,324,872.67 53,211,183.38 42,392,930.75 217,612,007.00 217,612,007.00 8 3,217,036.74 5% 9 9,455,924.13 5% 5% 10 2005.6.30 2004.12.31 104,720.03 177,032.37 20,933,016.71 13,463,634.02 1,614,854.62 1,195,814.01 182,396.75 158,125.76 14,307.32 14,307.32 605,674.49 169,587.10 23,454,969.92 15,178,500.58 11 2005.6.30 2004.12.31 71,446.02 42,925.02 71,446.02 42,925.02 12 14,268,649.48 5% 5% 13 2005.6.30 2004.12.31 4,150,306.52 4,150,306.52-250,000.00 34
2004-150,000.00 4,700,000.00-8,850,306.52 4,550,306.52 14 2005.6.30 2004.12.31 13,499,287.97 13,499,287.97 13,499,287.97 13,499,287.97 2002 10 18 2002 301 1,051,728.00 2002 12 31 13,499,287.97 15 2004.12.31 + - + - + - 2005.6.30 1 36,375,000.00 36,375,000.00 36,375,000.00 36,375,000.00 2 48,867,000.00 48,867,000.00 3 85,242,000.00 85,242,000.00 1 65,508,000.00 65,508,000.00 65,508,000.00 65,508,000.00 150,750,000.00 150,750,000.00 16 2004.12.31 2005.6.30 18,300,466.43 18,300,466.43 4,291,343.20 4,291,343.20 22,591,809.63 22,591,809.63 35
2004 17 2004.12.31 2005.6.30 1,362,3959.73 1,362,3959.73 6,811,979.87 6,811,979.87 20,435,939.60 20,435,939.60 18 55,687,616.21 32,610,538.59 - - - 88,298,154.80 19 2005 16 2004 16 123,365,329.07 27,955,971.00 100,746,564.05 30,376,438.17 123,365,329.07 27,955,971.00 100,746,564.05 30,376,438.17 20 2005 16 2004 16 : 1,205,209.08 844,183.54 1,180.00 564.45-1,204,029.08 843,619.09 21 2005 16 2004 16-2,278,178.96 - -1,102,904.64-1,102,904.64 36
2004-3,381,083.60-1,102,904.64 1 2005.6.30 2004.12.31 (%) (%) 1 20,306,873.90 43.36 15,034.37 20,926,873.9 44.10 15,034.37 1-2 2,685,074.91 5.73 2,575,824.91 2,685,074.91 5.66 2,575,824.91 2-3 13,930,813.06 29.75 13,930,813.06 13,930,813.06 29.36 13,930,813.06 3 9,908,222.16 21.16 9,908,222.16 9,908,222.16 20.88 9,908,222.16 46,830,984.03 100.00 26,429,894.50 47,450,984.03 100.00 26,429,894.50 5% 5% 26,946,397.81 57.05% 100% 26,946,397.81 2 2005.6.30 2004.12.31 291,103,645.31 _ 291,103,645.31 256,975,860.71-256,975,860.71 291,103,645.31 _ 291,103,645.31 256,975,860.71-256,975,860.71 % 2004.12.31 2005.6.30 62 97,913,376.61 241,719,013.58 35,230,689.24 179,036,326.21 276,949,702.82 97,913,376.61 241,719,013.58 35,230,689.24 179,036,326.21 276,949,702.82 2004.12.31 2005.6.30 22,058,092.36 10 15,256,847.13 1,102,904.64 14,153,942.49 22,058,092.36 15,256,847.13 1,102,904.64 14,153,942.49 2001 12 37
2004 119,971,468.97 62% 97,913,376.61 22,058,092.36 3 2005 16 2004 16 35,230,689.24 27,863,006.86-1,102,904.64-1,102,904.64 34,127,784.60 26,760,102.22 150 8 16 93 48 521 158 38
2004 130 60 23 216 8 17 28011 44 21 2004.12.31 2005.6.30 101,000.00 101,000.00 9,440.00 9,440.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 39
2004 2004.12.31 2005.6.30 50.00 50.00 100.00 100.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 400.00 400.00 50.00 50.00 50.00 50.00 : 2004.12.31 2005.6.30 % % % % 2,381.52 23.70 2,381.52 23.70 5,852.80 62.00 5,852.80 62.00 27.50 55.00 27.50 55.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 52.00 52.00 52.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 40
2004 2004.12.31 2005.6.30 % % % % 208.00 52.00 208.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 26.00 52.00 17 2005 16 73,526,600.00 59.60% 17 2004 16 14,503,000.00 11.76% 2005.6.30 2004.12.31 (%) (%) 367,970.00 19.03 548,001.00 14.38 367,970.00 19.03 548,001.00 14.38 192,661.00 5.99 154,130.00 3.94 41
2004 2005.6.30 2004.12.31 (%) (%) 1,241,600.00 38.59 1,241,600.00 31.76 1,434,261.00 44.58 1,395,730.00 35.70 824,679.00 8.72 - - 240,784.50 2.55 240,784.50 3.74 1,065,463.50 11.27 240,784.50 3.74 2001 11 16 1,051,728.00 2001 6 19 639,893.44 2002 10 18 2002 301 1,051,728.00 2002 12 31 13,499,287.97 2001 100% 2004 5 19 2003 138 2004 5 18 (%) 32.25 34.23 0.60 0.60 30.69 32.57 0.57 0.57 11.56 12.27 0.22 0.22 42
2004 11.56 12.27 0.22 0.22 2004 1-6 26,771,334.27 26,771,334.27 336,315.73 336,315.73 26,435,018.54 26,435,018.54 1,114,542.61 1,114,542.61 1,114,542.61 1,114,542.61 12,324,872.67 12,324,872.67 1,586,244.81 1,586,244.81 10,738,627.86 10,738,627.86 40,210,749.55 40,210,749.55 1. 2. 3. 4. 5. 6. 43
2004 4. : 210355 210355 1. 2. 2005 7 25 44