1

1

3 5 8 9 12 16 45 2

1 He Bei Cheng De LoLo Company Limited 2 000848 3 8 8 http://www.lolo.com.cn 067000 lolozq@heinfo.net 4 5 6 03142066791 3088 (0314)2063525 liwensheng@lolo.com.cn 6 (0314)2061585 03142066791 3061 (0314)2063525 6 http//www.cninfo.com.cn 7 (1) :1997 10 17 3

2000 61 (2) 1300001000671 (3) : 130801601268264 (4) 158 1 2004 16 2003 16 21,493,813.81 8,269,574.54 21,603,431.46 8,654,557.32 % 3.02 1.14 / 0.082 0.032-67,408,208.46-73,515,156.63 2004 6 30 2003 12 31 651,884,293.68 595,993,574.52 433,794,753.32 372,079,444.76 1,178,257,192.58 1,144,649163.27 712,117,789.05 742,473,975.25 / 2.75 2.86 / 2.75 2.86 : -76892.35-32725.30-109617.65 2 % 20.10% 20.10% 0.552 0.552 4.58% 4.58% 0.126 0.126 3.02% 3.02% 0.083 0.083 3.03% 3.03% 0.083 0.083 4

1 1. 100845000 67405000 0 2 3 4 168250000 1 91000000 2 3 4 91000000 +- 100845000 67405000 168250000 91000000 91000000 259250000 259250000 (1) 2 1 2004 6 30 51538 1 1 51536 2 51538 % 100845000 38.9 35600000 5

67405000 26 306908 0.118 257030 0.099 164200 0.063 158500 0.061 148980 0.057 137200 0.053 112019 0.043 104000 0.040 A B H 306908 A 257030 A 164200 A 158500 A 148980 A 137200 A 112019 A 104000 A 103170 A 102000 A 6 5% 5% 3350 3 560 13.73% 2004 19 3200 2004 1 16 2005 1 15 2004 196 360 2004 1 14

2005 1 13 (3) 10084.5 38.90% 1997 2 20 27605 100% 4 5% 6740.5 26% A 3701 40000 1995 12 29 2004 5 9 2004 6 27 67,405,000 ( 26%)2.93 / 2004 7 2 67,405,000 ( 26%) 7

90% 10% 5 1 2 8

1 45,418 2,149 159.9% 100% 45,418 30,718 31.51% () () % (%) (%) % 454,175,384.84 307,182,709.14 31.51 0.97 0.16 0.39 ------ : 442,137,744.48 295,145,068.78 31.51-0.23-1.65 0.39 12,037,640.36 12,037,640.36 0.00 93.22 93.22 0.00 ------ : 9

2004 6 30 2003 6 30 45,417.54 44,979.44 0.97% 8,412.55 10,012.55-15.98% 2,051.08 1,762.58 16.37% 589.99 463.68 27.24% 3,467.35 1,723.11 101.23% 2,149.38 826.96 159.91% 1 15.98% 2 16.37% 3 27.24% 4 101.23% 5 159.91% 2 3 10% 4 5 10

50% () 1 2 11

1 2004 4 23 2003 2003 2003 12 31 25 925 10 2.00 51 850 000.00 41 530 095.92 2004 5 18 2 2004 7 28 2004 1 2 12

3 / 5920.00 9 150 177.36 25.07% 6480.00 27800.00 7 873 952.00 20.23% 27800.00 16 143 575.00 41.48% 0.46 / 21 333 788.12 16.75% 0.585 / 6480.00 3 092 481.00 8.46% 0.46 / 45 660 240.00 35.86% 28394.00 12 873 4514.20 33.08% 1.47 / 14 238 651.32 100% 261 467.40 80.00% 2004 915 2004 309 2004 4566 2133 13

2004 787 1614 1287 2004 1424 2004 26.15 650 4 2004 2137 2124 3389.8 2753 650 5 6 [2003]56 [2003]56 6 5% 7 14

8 9 10 11 15

1 2004 6 30 16 1 262,838,215.87 244,512,744.19 383,348,833.66 323,114,097.89 - - - - 2 12,147,800.00 7,237,800.00 6,900,000.00 6,900,000.00 - - - - - - - - 335 28,713,265.68 28,024,936.17 8,096,747.21 7,509,914.67 436 224,797,258.74 240,192,669.38 31,660,298.24 47,075,708.10 5 29,671,103.73 28,734,170.14 44,470,062.61 40,763,543.92 - - - - 6 93,693,521.04 69,675,026.49 121,517,632.80 109,796,363.43 23,128.62 - - - - - - - - - - - 651,884,293.68 618,377,346.37 595,993,574.52 535,159,628.01 : 15 737 26,252,720.39 67,488,608.35 26,794,235.08 67,097,261.62 16 7 8,122,720.39-8,664,235.08-17 - - - - 18 26,252,720.39 67,488,608.35 26,794,235.08 67,097,261.62 19 8 599,714,928.97 503,964,807.07 599,244,792.97 504,070,699.07 20 8 205,766,182.10 155,587,074.32 186,013,875.15 139,759,851.84 21 8 393,948,746.87 348,377,732.75 413,230,917.82 364,310,847.23 22 8 - - - - 23 393,948,746.87 348,377,732.75 413,230,917.82 364,310,847.23 24 9 - - 25 10 36,094,185.07 35,859,920.55 33,973,924.42 33,973,924.42 26 - - - - 27 430,042,931.94 384,237,653.30 447,204,842.24 398,284,771.65 : 28 11 69,327,726.57 65,250,445.42 73,829,495.43 69,679,855.42 29 12 749,520.00 672,000.00 827,016.00 681,000.00 30 - - - - 31 70,077,246.57 65,922,445.42 74,656,511.43 70,360,855.42 : 32 - - - - 33 1,178,257,192.58 1,136,026,053.44 1,144,649,163.27 1,070,902,516.70

2004 6 30 34 13 217,120,000.00 217,120,000.00 210,120,000.00 202,120,000.00 35 - - - - 36 14 113,571,169.96 112,237,533.72 60,721,739.85 35,660,448.60 37 15 14,876,950.01 14,876,950.01 35,476,140.71 35,476,140.71 38 16 60,273.00-159,959.00 39 12,366,992.88 11,441,356.35 10,639,965.16 9,769,505.61 40 17 3,622,504.04 3,622,504.04 2,000,000.00-41 18 26,590,461.48 25,008,537.44 30,258,240.52 20,640,157.31 42 19 8,618,492.45 8,600,447.61 9,265,462.60 9,096,486.82 43 20 10,463,088.51 4,424,803.72 4,905,545.15 2,657,742.16 44 21 26,504,820.99 26,480,599.75 8,532,391.77 8,442,391.77 45 - - - - 46 - - - - 47 - - - - 48 433,794,753.32 423,812,732.64 372,079,444.76 323,862,872.98 49 - - - - 50 - - - - 51 - - - - 52 - - - - 53 - - - - 54 - - - - 55 - - - - 56 433,794,753.32 423,812,732.64 372,079,444.76 323,862,872.98 57 32,344,650.21-30,095,743.26-58 22 259,250,000.00 259,250,000.00 259,250,000.00 259,250,000.00 59 23 304,469,675.61 304,469,675.61 304,469,675.61 304,469,675.61 60 24 85,374,203.71 83,820,993.68 85,374,203.72 83,820,993.68 61 24 42,687,101.86 41,910,496.84 42,687,101.86 41,910,496.84 62 25 63,023,909.73 64,672,651.51 93,380,095.92 99,498,974.43 63 - - 51,850,000.00 51,850,000.00 64 712,117,789.05 712,213,320.80 742,473,975.25 747,039,643.72 65 1,178,257,192.58 1,136,026,053.44 1,144,649,163.27 1,070,902,516.70 17

2004 2,827,539.34 - - 2,827,539.34 431,292.99 431,292.99 2,396,246.35-2,396,246.35 - - - - 8,491,787.30 - - 8,491,787.30 4,775,322.32-4,775,322.32 588,890.25-588,890.25 3,127,574.73 3,127,574.73 - - - - - - - - 2,332,171.00 - - 2,332,171.00 - - - - - - - - 18

2004 3,579,970.65 3,579,970.65 400,407.07 400,407.07 3,179,563.58-3,179,563.58 - - - - - - 4,775,322.32-4,775,322.32 4,775,322.31 4,775,322.31 - - - - - - - - - - - - - - - - - - - - - - - - - - - 19

2004 1-6 1 2638 454,175,384.84 443,515,747.08 449,794,395.87 449,331,358.55 2 2638 307,182,709.14 312,711,783.85 306,699,119.11 316,301,137.16 3 27 3,865,096.01 3,683,915.21 3,109,091.11 3,041,169.39 4 143,127,579.69 127,120,048.02 139,986,185.65 129,989,052.00 5 - - - - 6 28 84,125,540.53 80,532,021.67 100,125,527.93 97,039,167.22 7 29 20,510,784.20 15,924,260.48 17,625,831.59 13,893,740.10 8 30 5,899,853.44 5,744,703.52 4,636,751.67 4,444,680.20 9 32,591,401.52 24,919,062.35 17,598,074.46 14,611,464.48 10 3139-541,514.69 391,346.73-523,514.69 292,993.93 11 32 2,725,000.00 - - 12 52,402.70 39,068.98 230,892.20 208,827.24 13 33 153,757.68 133,757.68 74,360.29 71,940.89 14 34,673,531.85 25,215,720.38 17,231,091.68 15,041,344.76 15 10,930,811.09 8,192,043.30 7,214,247.24 4,866,955.44 16 2,248,906.95-1,747,269.90-17 21,493,813.81 17,023,677.08 8,269,574.54 10,174,389.32 18 93,380,095.92 99,498,974.43 73,147,350.92 73,773,010.63 19 - - - - 20 114,873,909.73 116,522,651.51 81,416,925.46 83,947,399.95 21 - - 22 - - 23 114,873,909.73 116,522,651.51 81,416,925.46 83,947,399.95 24 - - - - 25 - - - - 26 51,850,000.00 51,850,000.00 - - 27 - - - - 28 63,023,909.73 64,672,651.51 81,416,925.46 83,947,399.95 : 1. 2. 3. 4. 5. 6. -384,982.78-384,982.78 20

2004 1-6 % 20.10% 20.10% 0.552 0.552 4.58% 4.58% 0.126 0.126 3.02% 3.02% 0.083 0.083 3.03% 3.03% 0.083 0.083 21

2004 1-6 1 486,115,430.47 477,889,411.32 2 - - 3 3,271,974.11 14,570.45 4 489,387,404.58 477,903,981.77 5 279,214,815.80 257,992,508.10 6 29,836,795.30 28,185,403.32 7 56,204,845.67 43,144,796.23 8 34 191,539,156.27 186,287,005.74 9 556,795,613.04 515,609,713.39 10-67,408,208.46-37,705,731.62 11 - - 12 - - 13 15,000.00-14 - - 15 15,000.00-16 3,882,301.30 1,912,156.13 17 - - 18 - - 19 3,882,301.30 1,912,156.13 20-3,867,301.30-1,912,156.13 21 - - 22 225,000,000.00 225,000,000.00 23 - - 24 225,000,000.00 225,000,000.00 25 218,000,000.00 210,000,000.00 26 56,235,108.03 53,983,465.95 27 - - 28 274,235,108.03 263,983,465.95 29-49,235,108.03-38,983,465.95 30 - - 31-120,510,617.79-78,601,353.70 22

2004 1-6 1. 32 21,493,813.81 17,023,677.08 2,248,906.95 33 - - 34 19,844,577.97 15,854,509.78 35 4,501,768.86 4,429,410.00 36 77,496.00 9,000.00 37 23,128.62-38 17,686,129.22 18,038,207.98 39 - - 40 116,031.67 116,031.67 41 5,939,406.40 5,744,703.52 42 541,514.69-391,346.73 43 - - 44 27,611,646.62 40,121,336.44 45-207,260,709.43-201,940,409.00 6 39,768,080.16 63,289,147.64 47 - - 48-67,408,208.46-37,705,731.62 2. 49 - - 50 - - 51 - - 3. 52 262,838,215.87 244,512,744.19 53 383,348,833.66 323,114,097.89 54 - - 55 - - 56-120,510,617.79-78,601,353.70 23

2 ( ) 1997 10 17 11 13 25,925 10,084.5 38.9% 6,740.5 26% 9,100 35.1% 1 2 1 1 12 31 3 4 5 6 3 7 24

8 1 1 5% 1-2 10% 2-3 20% 3 30% (1) (2) 9 10 (1) (2) 25

(3) 11 12 2000 2 (%) (%) 40 5 2.375 14 5 6.79 6 5 15.83 10 5 9.50 5 5 19.00 13 1 3 26

2 3 14 1 2 3 3 15 27

1 2 3 4 10 16 17 1 2 3 1 2 28

18 19 20 21 22 29

23 [1995]11 19962 (1) 10% (2) 10% (3) 10% 1 17% 2 7%4% 5%3% 3 4 33% 1,005 2,877.34 80% 5,000 2,550.00 51% 30

1 2004 6 30 262838215.87 505,301.14 244,602.42 382,843,532.52 262,593,613.45 383,348,833.66 262,838,215.87 2 2004 6 30 12147800.00 6,900,000.00 12,147,800.00 6,900,000.00 12,147,800.00 76.05%, 4,910,000.00. 3 2004 6 30 29,144,558.67 28,713,265.68 (%) (%) 8430220.53 98.85 421,511.02 29,144,558.67 100.00 431,292.99 97,819.67 1.15 9,781.97 8528040.20 100.00 431,292.99 29,144,558.67 100.00 431,292.99 13,686,609.94 46.96% 241.75%, 4 2004 6 30 227,193,505.09 224,797,258.74 31

(%) (%) 24 556 217.09 72.11 1227810.85 222,198,282.41 97.80 1227810.85 7316,300.00 21.48 731630.00 3,320,671.18 1.46 731630.00 2184,027.50 6.41 436805.50 1,674,551.50 0.74 436805.50 0.00 0.00 0.00 0.00 0.00 34 056 544.59 100.00 2396246.35 227,193,505.09 100.00 2396246.35 5% 5% 5 223,041,892.40 98.17% 567.11% 5 2004 6 30 29,671,103.73 (%) (%) 44,450,026.61 99.96 29,671,103.73 100.00 20,000.00 0.04 44,470,026.61 100.00 29,671,103.73 100.00 5% 5% 6 2004 6 30 102,185,308.34 93,693,521.04 10,606,807.41 588,890.25 16,388,065.31 588,890.25 26,546,476.85 3,127,574.73 32,215,172.67 3,127,574.73 92,510,314.00 4,775,322.32 52,996,606.98 4,775,322.32 345,821.84 0.00 585,463.38 0.00 130,009,420.10 8,491,787.30 102,185,308.34 8,491,787,30 7 32

2004 6 30 18,130,000.00 18,130,000.00 1 2000-2020 10.2% 510,000.00 0.00 10% 220,000.00 0.00 15% 900,000.00 0.00 6% 1,500,000.00 0.00 2003-2018 30% 15,000,000.00 0.00 18,130,000.00 0.00 2 11,030,756.07 10 8,664,235.08 541,514.69 8,122,720.39 11,030,756.07 8,664,235.086 541,514.69 8,122,720.39 8 2004 6 30 601,043,301.26 168,743,681.41 0.00 1 105,768,725.62 0.00 142,052.00 105,626,673.62 453,430,022.92 398,428.00 453,828,450.92 243,900.97 33,460.00 277,360.97 10,902,181.31 232,700.00 66,650.00 11,068,231.31 28,899,962.15 14,250.00 28,914,212.15 599,244,792.97 678,838.00 208,702.00 599,714,928.97 11,114,861.82 1,339,830.54 27,287.30 12,427,405.06 164,171,569.83 17,236,486.47 181,408,056.30 48,626.99 15,150.48 63,777.47 2,812,252.87 907,095.70 64,983.72 3,654,364.85 7,866,563.64 346,014.78 8,212,578.42 186,013,875.15 19,844,577.97 92,271.02 205,766,182.10 413,230,917.82 393,948,746.87 33

2 9 2004 6 30. 10 2004 6 30 36,094,185.07 33,729,410.89 100,000.00 33,829,410.89 200,000.00 1,855,488.00 2,055,488.00 44,513.53 164,772.65 209,286.18 33,973,924.42 2,120,260.65 36,094,185.07 11 2004 6 30 71 659 897.57 69 327 726.57 1 13,751,767.00 12,036,234.40 137,517.67 1,853,050.27 11,898,716.73 42.75 16,113,946.00 14,830,798.52 179,043.83 1,462,191.31 14,651,754.69 40.83 7,483,000.00 6,379,211.00 37,350.00 1,141,139.00 6,341,861.00 42 54,492,200.00 42,086,142.50 4,072,852.50 16,478,910.00 38,013,290.00 4.67 300,000.00 48,500.00 15,000.00 266,500.00 33,500.00 1 800,000.00 726,680.00 39,996.00 113,316.00 686,684.00 8.5 74,666.00 54,100.01 20,008.86 40,574.85 34,091.15 93,015,579.00 76 161 666.43 4 501 768.8621,355,681.4371 659 897.57 2 34

2,332,171.00 2,332,171.00 2,332,171.00 2,332,171.00 12 2004 6 30 749,520.00 720,000.00 681,000.00 9,000.00 48,000.00 672,000.00 18 5 685,007.69 146,016.00 68,496.00 607,487.69 77,520.00 7 1,405,007.69 827,016.00 77,496.00 655,487.69 749,520.00 13 2004 6 30 217,120,000.00 0.00 0.00 210,120,000.00 217,120,000.00 210,120,000.00 217,120,000.00 3.33% 14 2004 6 30 113,571,169.96 5 5 3 87.04% 15 2004 6 30 14,876,950.01 5 5 16 2004 6 30 60,273.00 17 2004 6 30 26,590,461.48 35

33% -4,263,713.94-8,194,982.52 17% 30,920,663.79 32,378,409.92 7% 3,672,989.93 2,481,190.39 5% -71,699.26-74,156.31 30,258,240.52 26,590,461.48 18 2004 6 30 8,618,492.45 3,818,772.11 3,171,801.96 4% 3% 5,446,690.49 5,446,690.49 9,265,462.60 8,618,492.45 19 2004 6 30 10,463,088.51 5 5 113.29%, 20. 2004 6 30 26,504,820.99 482,391.77 167,429.72 8,000,000.00 7,500,000.00 0.00 2,837,391.27 0.00 16,000,000.00 50,000.00 0.00 8,532,391.77 26,504,820.99 21 2004 6 30 259,250,000.00 36

+- 16,825.00 1. 10,084.50 2 6,740.50 3 4 5 6 7 16,825.00 1 9,100.00 2 3 4 9,100.00 16,825.00 10,084.50 6,740.50 16,825.00 9,100.00 9,100.00 25,925.00 25,925.00 22 2004 6 30 304,421,665.21 304,421,665.21 0.00 0.00 304,421,665.21 48,010.40 48,010.40 304,469,675.61 0.00 0.00 304,469,675.61 23 2004 6 30 85,374,203.71 42,687,101.85 0.00 0.00 42,687,101.85 42,687,101.86 0.00 0.00 42,687,101.86 85,374,203.71 0.00 0.00 85,374,203.71 37

24 2004 6 30 63,023,909.73 2004 93,380,095.92 2004 1-6 21,493,813.81 51,850,000.00,2004 6 30 63,023,909.73 25 2004 1-6 454,175,384.84 307,182,709.14 : 442,137,744.48 295,145,068.78 443,181,081.89 300,087,647.80 12,037,640.36 12,037,640.36 6,229,909.76 6,229,909.76 454,175,384.84 307,182,709.14 449,410,991.65 306,317,557.56 39,652,142.59 8.83% 12.63% 1.39% 26 2004 1-6 3,865,096.01 : 7% 2,435,925.05 2,071,996.63 5% 4% 1,429,170.96 1,037,094.48 3% 3,865,096.01 3,109,091.11 27. 2004 1-6 84,125,540.53 15.98% 46.14%, 28 2004 1-6 20,510,784.20 16.37% 8.32% 38

29. 2004 1-6 5,899,853.44 : 7,325,288.59 5,138,228.17 : 1,451,847.62 530,269.89 0.00 0.00 : 0.00 0.00 26,412.47 28,793.39 5,899,853.44 4,636,751.67 27.24% 30 2004 1-6 -541,514.69 : -541,514.69-541,514.69 0.00 18,000.00-541,514.69-523,514.69 31 2004 1-6 191,539,156.27 : 39 31,046,578.00 15,446,276.88 12,659,724.47 12,422,679.22 71,575,258.57 32 2004 6 30 28,425,343.24 28 024 936.17 (%) (%) 7,812,502.07 98.76 390,625.10 28,425,343.24 100.00 400,407.07 97,819.67 1.24 9,781.97 7,910,321.74 100.00 400,407.07 28,425,343.24 100.00 400,407.07

13,686,609.94 48.15% 259.34%, 33 2004 6 30 243,372,232.96 240,192,669.38 (%) (%) 40,943,271.68 81.47 2,047,163.58 236,008,917.98 96.97 2,047,163.58 7,300,000.00 14.53 730,000.00 5,688,763.48 2.34 730,000.00 2,012,000.00 4.00 402,400.00 1,674,551.50 0.69 402,400.00 50,255,271.68 100.00 3,179,563.58 243,372,232.96 100.00 3,179,563.58 237,596,622.19 97.63% 384.27% 34 2004 6 30 67,488,608.35 1 51% 31,001,919.71 0.00 80% 18,356,688.64 0.00 2000-2020 10.2% 510,000.00 0.00 10% 220,000.00 0.00 15% 900,000.00 0.00 6% 1,500,000.00 0.00 2003-2018 30% 15,000,000.00 0.00 67,488,608.35 0.00 2 51% 25,500,000.00 0.00 80% 28,773,350.69 0.00 54,273,350.69 0.00 40

0.00 2,835,869.55 5,501,919.71 0.00-2444522.82-10,416,662.05 0.00 391,346.73-4,914,742.34 11,030,756.07 10 8,664,235.08 541,514.69 8,122,720.39 11,030,756.07 8,664,235.08 541,514.69 8,122,720.39 35 2004 1-6 443,515,747.08 312,711,783.85 442,137,744.48 311,862,650.49 443,181,081.89 310,150,860.50 1,378,002.60 849,133.36 6,150,276.66 6,150,276.66 443,515,747.08 312,711,783.85 449,331,358.55 316,301,137.16 4.14% 14.23% 36 2004 1-6 391,346.73-1,903,008.13-1,354,533.59-541,514.69-541,514.69 2,835,869.55 2,171,042.21 0.00 18,000.00 0.00 0.00 391,346.73 292,993.93 1 41

2 27,605 27,605 1,005 1,005 5,000 5,000 3 % % % % 100,845,000.00 38.90 100,845,000.00 38.90 8,040,000.00 80.00 8,040,000.00 80.00 25,500,000.00 51.00 25,500,500.00 51.00 4 5 42

2004 6 30 2003 12 31 27,530,574.23 14,870,849.76 6,500,000.00 6,500.000.00 653,304.00 468,125.76 16,333,788.12 10,777,736.08 0.00 945,473.49 6,463,200.00 1,054,240.00 0.00 1,051,260.00 0.00 303,971.33 9,305,920.20 2,224,415.00 7,000,000.00 7,000,000.00 18,000,000.00 18,000,000.00 0.00 3,227,914.40 4,914,765.78 7,258,172.75 24,000,000.00 3,422,248.05 6 9,150,177.36 31,269,260.08 21,333,788.12 36,730,601.25 3,092,481.00 21,360,534.24 ( ) 45,660,240.00 34,654,742.10 7,873,952.00 10,616,510.64 16,143,575.00 13,970,359.00 12,873,451.20 15,041,751.00 0.00 2,521,742.40 14,238,651.32 12,140,921.14 130,366,316.00 178,306,421.85 7 261,467.40 43,205.00 8 43

9 2004 1-6 212,400.00 10 2004 14,870,849.76 2004 1-6 12,659,724.56 27,530,574.23 11 217,120,000.00 2004 7 26 2004 7 26 2004 7 26 2004 7 26 44

1 2 3 4 2004 7 26 45