GUANGDONG FENGHUA ADVANCED TECHNOLOGY HOLDING CO., LTD.

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2008 1

2008 GUANGDONG FENGHUA ADVANCED TECHNOLOGY HOLDING CO., LTD. FENGHUA 0758-2844724 0758-2849045 000636@china-fenghua.com 18 18 526020 http://www.fenghua-advanced.com 000636@china-fenghua.com http://www.cninfo.com.cn 000636 1994 3 23 24 2008 9 2 18 440000000007458 441201190379452 19037945-2 2072 8 2

2008-458,624,250.54-463,872,547.14-430,604,540.75-315,655,112.66 197,190,538.06-13,779,848.70 8,029,884.99-181,934.98-1,040,719.87-129,513,947.80 683,602.09-135,802,964.27 : -20,948,355.61-114,854,608.66 : 94,819.44-114,949,428.09 2008 2007 2006 1,926,582,385.53 1,933,432,918.30 1,955,231,435.63-1.47% 1,850,856,832.72-463,872,547.14 167,061,358.03 166,069,471.29-379.32% 93,985,564.74-430,604,540.75 172,023,415.94 171,031,529.20-351.77% 82,483,713.93-315,655,112.66 157,081,922.42 42,580,567.20-841.31% 26,185,821.50 197,190,538.06 254,425,284.91 257,997,081.81-23.57% 247,761,842.83 2008 2007 2006 2,896,887,981.65 3,659,384,816.50 3,658,323,669.89-20.81% 3,368,353,676.88 1,768,437,677.66 2,219,004,135.74 2,220,394,609.37-20.35% 2,046,980,719.80 670,966,312.00 670,966,312.00 670,966,312.00 0.00% 670,966,312.00 3

2008 2008 2007 2006 / -0.64 0.256 0.25-356.00% 0.123 / -0.64 0.256 0.25-356.00% 0.123-0.47 / 0.23 0.06-883.33% 0.123 % -24.35% 7.75% 7.70% 32.05 4.03% % -21.57% 8.06% 8.01% 29.58 3.97% -17.85% % 7.08% 1.92% 19.77 1.28% -15.81% % 7.36% 1.99% 17.80 3.97% 0.294 / 0.379 0.385-23.64% 0.369 2008 2007 2006 2.636 3.307 3.309-20.34% 3.051 / 1 2008 [2008]43 9 - % -24.35-21.57-0.64-0.64-17.85-15.81-0.47-0.47 4

2008 + - % % 1 150,429,627 22.42 0 0 0-27,908,257-27,908,257 122,521,370 18.26 0 0.00 0 0 0 0 0 0 0.00 150,270,855 22.40 0 0 0-27,786,685-27,786,685 122,484,170 18.25 30,000 0.00 0 0 0 0 0 30,000 0.00 128,772 0.02 0 0 0-121,572-121,572 7,200 0.00 0 0.00 0 0 0 0 0 0 0.00 0 0.00 0 0 0 0 0 0 0.00 0 0.00 0 0 0 0 0 0 0.00 2 520,536,685 77.58 0 0 0 27,908,257 27,908,257 548,444,942 81.74 520,536,685 77.58 0 0 0 27,908,257 27,908,257 548,444,942 81.74 0 0.00 0 0 0 0 0 0 0.00 0 0.00 0 0 0 0 0 0 0.00 0 0.00 0 0 0 0 0 0 0.00 3 670,966,312 100 0 0 0 0 0 670,966,312 100 142,484,170 0 0 122,484,170 2009 04 06 0 20,000,000 20,000,000 0 2008 10 24 7,786,685 7,786,685 0 0 2008 04 07 30,000 0 0 30,000 2007 04 06 121,572 121,572 0 0 7,200 0 0 7,200 150,429,627 27,908,257 20,000,000 122,521,370 1 2 3 1 3 2 3 5

2008 79,636 10 % 18.25 122,484,170 122,484,170 0 2.98 20,000,000 0 0 2.19 14,710,485 0 0 2.06 13,855,399 0 0 1.72 11,524,429 0 0 1.60 10,735,000 0 0 1.01 6,775,000 0 0 0.50 3,380,699 0 0 0.43 2,860,000 0 0 0.42 2,823,263 0 0 10 20,000,000 14,710,485 13,855,399 11,524,429 10,735,000 6,775,000 3,380,699 2,860,000 2,823,263 2,375,000 1 [2008]537 2000 2008 8 1 2 2009 2 21 3 1996 12 28 1.2 6

2008 1 [2008]537 100% 2008 8 1 2008 8 7 1999 12 23 10 2 100% 100% 18.25% 10% 10% 10% 10% 7

2008 1 56 2008.08-2010.07 0 0 2 44 2008.08-2010.07 0 0 3 46 2008.08-2010.07 0 0 4 45 2008.08-2010.07 0 0 5 52 2008.08-2010.07 0 0 6 58 2008.08-2010.07 0 0 7 45 2008.08-2010.07 0 0 8 41 2007.07-2010.07 0 0 9 45 2007.07-2010.07 0 0 10 46 2007.07-2010.07 0 0 11 47 2007.07-2010.07 0 0 12 51 2008.08-2010.07 0 0 13 47 2008.08-2010.07 0 0 14 40 2008.08-2010.07 0 0 15 38 2007.07-2010.07 0 0 16 55 2007.07-2010.07 0 0 17 40 2007.07-2010.07 0 0 18 51 2007.07-2010.07 0 0 19 43 2008.08-2010.07 0 0 20 51 2007.07-2010.07 0 0 21 54 2007.07-2010.07 0 0 22 35 2007.07-2010.07 0 0 5 2004 2 2005 1 2008 8 2003 4 2009 1 2008 8 2005 5 2008 8 2005 4 2006 1 2006 1 2008 8 2008 8 2002 3 2006 3 2006 3 2008 8 2008 8 8

2008 2000 5 2006 1 2006 1 2000 10 2008 8 2002 6 2005 4 2005 4 2006 6 2008 8 2005 4 2007 6 2007 7 2008 8 2008 8 1997 2003 10 2006 8 2007 12 2007 12 2003 10 1993 7 2007 7 1997 9 2008 8 2002 8 2007 12 2008 1 2008 8 1997 6 2005 7 2005 8 2008 12 2008 12 2008 8 2003 3 2005 6 2006 3 2007 8 2007 7 2003 9 2006 4 2006 4 2007 7 2000 9 2007 7 2007 7 2008 8 2008 8 2000 9 2003 10 2003 10 9

2008 2002 8 2008 8 2005 4 2008 8 2003 10 2008 8 2007 3 2008 8 2003 10 2000 7 2007 7 1 2 2008 - - - 16.07 15.82 - - 67.64 2007 30.20 6.04 6.04 6.04 2.88 2.88-1.2 12.66 2007 4.05 63.21 2007 29.20 46.29 2007 12.33 11.34 46.07 2007 11.99 22.63 2007 2.05 2007 5.63 11.21 2007 0.88 2007 4.56 338.02 2008 8 2008 8-12 1 2008 8 20 2008 10

2008 13 3 2 2008 8 1 2008 3 2008 8 20 2008 4 2008 8 20 2008 7,483 1 1 449 2 247 3 739 4 6,048 2 1 15 2 434 3 1035 4 5,999 86 11

2008 2007 2008 8 5 8 8 0 0 8 8 0 0 8 8 0 0 3 3 0 0 3 3 0 0 1 2007 [2007]235 2008 1 20 3 7 3 20 2007 12

2008 2 2008 3 21 2007 2007 2007, 2007 13

2008 2004 2007 1376.19 50% 14

2008 2008 4 22 2007 2008 4 23 2008 8 20 2008 2008 8 21 15

2008 2008 2008 1 2008 50 2008 22 2008 2, -- 2008 38 26 12 11 10 1 3 20 1,457.45 16

2008 4 MLCC 2008 192,658.24 1.47% -46,387.25 379.32% -43,060.45 351.77% 19,719.05 23.57% 12,951 31,652-496 1 2 1 (%) % % 188,734.10 163,296.53 13.48-0.95 2.00-2.51 (%) % % 65,315.70 52,794.96 19.17% -17.59% -20.38% 2.84% 18,670.70 15,569.60 16.61% -22.20% -24.56% 2.61% 20,051.81 15,575.17 22.33% -1.73% 0.68% -1.85% 10,737.80 8,652.01 19.42% 1.51% 16.05% -10.10% 2 % 148,117.85 2.05 42,964.84-13.72 3 17

2008 5 15.76% 5 16.80% 1 2008 2007 % % % 48,099.96 16.60 45,180.86 12.35 4.25 10,078.40 3.48 11,387.58 3.11 0.37 29,458.03 10.17 45,269.32 12.37-2.20 33,201.88 11.46 51,216.85 14.00-2.54 16,703.49 5.77 21,250.35 5.81-0.04 116,409.39 40.18 133,157.64 36.40 3.78 3,022.66 1.04 3,985.87 1.09-0.05 56,149.72 19.38 70,532.55 19.28 0.1 7,439.64 2.57 4,177.74 1.14 1.43 1 2 3 4 2 2008 2007 967.27 23,365.99-22,398.72 3 2008 2007 % 4,458.87 4,545.58-1.91 15,365.65 12,223.33 25.71 5,981.70 5,061.77 18.17-3,103.33-911.06-240.63 1 2007 2007 2008 2 3 4 2008 2007 % 19,719.05 25,799.71-23.57 18

2008 3,133.95-3,981.21 178.72-2,891.64-12,246.68 76.39 19,961.37 9,571.82 108.54 1 2 3 4 % 100 500 10,038.62 843.28 258.68 100 3,822.70-1447.1 8 100 1,800 4,189.38 1,814.92-525.26 100 1,500 4,222.67 1,497.24-681.28 90 2,000 4,930.94 2,862.93 27.13 45 500USD 9,199.66 6,991.18-312.42 36.42 1,600 4,792.80 1,852.26 239.24 27.61 9,778.37 16,681.55 11,845.28 732.33 20 6,000 23,711.96 15,075.00 3,523.17 20 40,130.38 77,052.22 47,465.93 720.90 1 1-2 2007 2 2008 3G 19

2008 3 2-3 1 70% 3G 2 3 2009 2009 SIA 2009 5.6% 2,467 5% 6.4% 2009 16 16% 1 2009 MLCC60 / 60 / 450 / SMD 600 / 0201 4 (LTCC) 20

2008 2 3 BOM 4 PTC 5 KPI 6 QCC 6S 7 2008 2009 10 15% 20% 21

2008 2009 MLCC10 / SMD 600 / 0201 2,667.17 2,078.07 8 1 2008 3 21 2008 2008 3 25 2 2008 4 28 2008 2008 4 29 3 2008 7 24 2008 4 2008 8 1 2008 2008 8 4 5 2008 8 7 2008 2008 8 8 6 2008 8 20 2008 2008 8 22 7 2008 8 22 2008 2008 8 26 8 2008 10 24 2008 2008 10 27 1 2007 2007 670,966,312, 10 0.20 2008 5 21 2008 5 22 2 2008 22

2008 3 2008 2007 70 4 2007 3 <2008>48 2 < > 2007 1 2008 2008 12 23 2008 2 2008 2008 2008 3 2009 2 9 3 30 4 5 4 2008 5 2008 2008 2008 2008 12 2008 12 31 2008 23

2008 6 2008 2008 2009 1 2008 2 2004 2007 2007 1376.19 2007 2007 2008-324,282,655.02-430,604,540.75 2008 % 2007 13,419,326.24 171,031,529.20 7.85 2006 24,183,820.92 82,483,713.93 29.32 2005 0 18,256,283.31 0 2008 ( [2009] ZA059 ) www.cninfo.com.cn 50% 24

2008 5 2008 2008 3 21, : 1 2007 2 2007 3 2007 4 2007 5 2008 6 2007 2008 3 25 2008 2008 4 28, 2008 2008 4 29 2008 2008 8 1, 2008 8 4 2008 2008 8 20, 2008 8 22 2008 2008 8 22, 2008 2008 8 26 2008 2008 10 24, 2008 2008 10 27 25

2008 2008 26

2008 % 1 600900 9,754,825.29 671,900 9,663,765.00 99.90% 122,574.71 2 115002 1 20,156,236.58 100 8,430.00 0.087% 1,546,188.85 3 601168 193.44 31 194.99 0.002% - 4 601600 639.76 88 541.2 0.005% - - - - - - - - - - -119,030,114.97 29,911,895.07 9,672,741.19 - -117,361,351.41 2006 3300 0 1,612,300 940,400 671,900 13,566,872 122,574.71 0 262,000 261,900 100 20,156,237 1,546,188.85 0 31 0 31 193 0.00 0 88 0 88 640 0.00 0 1,020,000 1,020,000 0 9,265,992-234,282.41 0 1,073,500 1,073,500 0 9,628,344-670,781.31 0 346,308 346,308 0 4,164,022-1,101,398.41 0 100,000 100,000 0 995,491-320,993.32 0 3,377,400 3,377,400 0 35,197,765-2,219,314.43 620,000 446,000 1,066,000 0 10,750,668-17,440,466.28 50ETF 0 41,000,000 41,000,000 0 64,805,222-6,192,702.92 0 2,412,710 2,412,710 0 46,326,902-10,091,287.83 364,650 4,043,074 4,407,724 0 53,834,748-6,639,942.31 150,000 820,000 970,000 0 19,989,227-7,556,321.94 429,222 254,928 684,150 0 5,862,051-7,026,334.94 0 1,713,538 1,713,538 0 38,025,867-5,767,624.28 340,000 120,000 460,000 0 3,632,809 425,557.84 27,972 78,673 106,645 0 1,626,998-1,021,043.37 0 2,829,532 2,829,532 0 20,558,882-4,266,516.05 0 306,000 306,000 0 7,274,598-1,616,569.71 0 230,000 230,000 0 2,134,763 51,079.05 0 900,000 900,000 0 823,212-79,800.12 0 50,000 50,000 0 761,900-65,099.86 0 3,001,500 3,001,500 0 23,561,775-27,136.19 0 105,500 105,500 0 2,632,959-544,339.19 344,600 0 344,600 0 0 377,376.94 0 1,000,500 1,000,500 0 10,445,220-21,142.06 579,677 5,232,888 5,812,565 0 73,558,207-21,591,472.93 0 100,000 100,000 0 2,739,221-246,777.97 27

2008 0 1,800,500 1,800,500 0 31,202,665-68,510.19 0 5,501,500 5,501,500 0 47,863,050-106,655.07 0 3,850,500 3,850,500 0 29,995,395-61,429.68 GAC1 338,485 0 338,485 0 0 232,852.70 0 2,500,500 2,500,500 0 19,228,845-32,524.00 0 1,300,500 1,300,500 0 19,104,345-33,979.25 200,000 0 200,000 0 0 198,598.00 0 12,006 12,006 0 402,817 13,122.29 0 2,001,000 2,001,000 0 31,215,600-57,841.21 60,000 0 60,000 0 0-3,310,583.22 0 651,387 651,387 0 18,001,937-6,189,019.45 304,000 0 304,000 0 0 21,840.31 341,304 0 341,304 0 0 19,091.90 1,000 0 1,000 0 0 314.58 0 12,000 12,000 0 285,921-1,268.20 0 1,601,000 1,601,000 0 18,235,390-24,472.63 0 1,502,000 1,502,000 0 29,679,520-56,915.18 0 438,080 438,080 0 3,972,004-1,420,999.37 0 40,000 40,000 0 87,200 66,329.64 0 240,000 240,000 0 2,877,790 12,219.67 0 2,166,562 2,166,562 0 22,302,931 779,876.40 0 24,000 24,000 0 427,248-43,233.77 0 106,000 106,000 0 3,838,809 208,302.48 0 132,050 132,050 0 2,319,186 48,786.01 0 1,000,500 1,000,500 0 21,600,795-32,925.94 0 339,900 339,900 0 4,329,122-1,651,588.59 0 207,661 207,661 0 4,629,667-2,741,384.45 0 1,702,000 1,702,000 0 18,024,180-29,452.22 1,741,900 447,451 2,189,351 0 4,580,441-4,100,410.90 100ETF 0 3,900,571 3,900,571 0 20,855,227-1,610,181.42 100,000 0 100,000 0 0-150,263.59 0 3,001,500 3,001,500 0 45,892,935-87,751.47 0 346,000 346,000 0 5,906,220-13,227.66 0 30,000 30,000 0 272,400 81,664.02 0 5,001,500 5,001,500 0 53,966,185-56,721.19 0 1,056,847 1,056,847 0 31,028,338-4,195,291.41 0 200,062 200,062 0 6,196,893-988,585.01 YGC1 0 70,000 70,000 0 2,664,714 3,912.34 CWB1 0 6,189,480 6,189,480 0 42,585,911-3,751,786.31 0 730,000 730,000 0 2,102,400-963.60 0 1,000,500 1,000,500 0 12,006,000-18,444.02 3,700 0 3,700 0 0 33,825.83 0 50,000 50,000 0 1,526,890-293,297.96 0 80,000 80,000 0 1,261,853-50,042.09 0 240,000 240,000 0 2,620,578-38,743.03 CWB1 0 83,000 83,000 0 3,116,770-88,505.68 0 1,000,000 1,000,000 0 14,290,000-22,773.81 426,300 18,400 444,700 0 980,531-1,929,502.94 580,000 0 580,000 0 0 4,575,656.44 0 3,000 3,000 0 90,000 2,577,676 28

2008 2008 1 100% 1 4,004.32 2,145.33 2008 044 2008 9 30 480.00 2008 19 2008 7 2008 10.1.6 1 136.59 0.10% 1,402.22 1.06% 1,538.81 1.16% 2 2,923.20 1.53% 684.88 0.36% 3,608.08 1.89%,, 1 0.00 406.29 0.00 0.00 29

2008 0.00 14.11 0.00 0.00 0.00 34.86 0.00 0.00 0.00 549.85 0.00 0.00 3,420.14 395.05 0.00 0.00 861.78 507.92 0.00 0.00 17.77 132.87 0.00 0.00 0.00 73.16 0.00 0.00 0.00 2,003.73 0.00 0.00 0.00 184.88 0.00 0.00 0.00 0.00 136.59 86.13 0.00 0.00 0.00 3.65 4,299.69 4,302.72 136.59 89.78 3 100% 2 3 2008 12 31 2,000 1 379.84 500 3 14 2 30,000,000.00 27,311,949.21 2008 06 30 2009 06 30 5% 5% 2009 2008 30

2008 60 10 2008 1 11 30 2 14 3 1 7 100% 2008 3 1 [2008]537 20,000,000 100% 2008 8 1 2008 8 7 2008 31

2008 2008 2008 [2009] CA186 32

2008 33

2008 * * 2009 CA186 2008 12 31 2008 1 2 3 34

2008 2008 12 31 2008 2009 4 24 35

: 2008 12 31 2007 12 31 1 480,999,616.58 451,808,605.19 2 9,672,741.19 233,659,863.80 3 100,783,953.60 113,875,758.29 4 294,580,293.07 452,693,198.13 5 20,365,548.61 20,345,288.61 - - - - 6 29,653,477.10 53,080,174.73 7 332,018,770.53 512,168,514.15 - - - - 1,268,074,400.68 1,837,631,402.90 - - - - 8 3,422,086.83-9 167,034,940.83 212,503,542.71 - - 10 1,164,093,923.51 1,331,576,400.22 11 30,226,578.34 39,858,692.25 - - - - 12 188,873,731.15 193,566,510.84 - - - - 13 765,932.53 1,409,691.83 14 74,396,387.78 41,777,429.14 - - 1,628,813,580.97 1,820,692,266.99 2,896,887,981.65 3,658,323,669.89 36

( ) : 2008 12 31 2007 12 31 16 561,497,240.66 705,325,519.74 - - 17-19,000,000.00 18 305,726,188.43 430,523,852.53 19 29,790,804.02 23,388,781.29 20 27,462,624.18 25,652,543.09 21 7,421,530.97 16,203,583.90 746,990.96 968,165.02 2,543,250.84 2,599,350.84 22 40,427,099.57 57,356,536.34 - - - - 975,615,729.63 1,281,018,332.75 - - - - 23 34,581,818.00 31,418,181.00 - - 24 1,040,719.87-25 114.83 2,621,149.59 26 74,055,859.29 64,790,383.98 109,678,511.99 98,829,714.57 1,085,294,241.62 1,379,848,047.32 27 670,966,312.00 670,966,312.00 28 807,567,405.84 815,415,036.44 - - 29 192,678,791.50 192,678,791.50 30 97,358,031.56 541,381,898.55-132,863.24-47,429.12 1,768,437,677.66 2,220,394,609.37 31 43,156,062.37 58,081,013.20 1,811,593,740.03 2,278,475,622.57 2,896,887,981.65 3,658,323,669.89 37

: 2008 2007 32 1,926,582,385.53 1,955,231,435.63 32 1,662,435,550.15 1,644,393,500.29 33 11,053,112.33 10,552,622.32 44,588,747.81 45,455,797.57 153,656,512.91 122,233,345.97 34 59,816,953.23 50,617,712.85 35 316,524,988.86 54,209,388.07-36 -10,483,832.83 10,484,598.35-37 -126,646,937.95 118,967,729.50-7,616,822.98-5,281,481.78 - -458,624,250.54 157,221,396.41 38 9,608,465.64 11,139,368.13 39 14,856,762.24 2,291,293.25 13,869,869.35 516,230.12 - -463,872,547.14 166,069,471.29 40-31,033,384.97-9,110,553.62 - -432,839,162.17 175,180,024.91-430,604,540.75 171,031,529.20 31-2,234,621.42 4,148,495.71 - -991,886.74 ( ) ( ) -0.64 0.25-0.64 0.25 38

: 2008 2007 2,003,745,359.09 1,969,143,501.60 12,671,213.80 23,720,168.61 42.(1) 34,594,689.07 49,633,357.73 2,051,011,261.96 2,042,497,027.94 1,421,987,327.92 1,394,380,523.41 241,005,900.29 213,110,086.53 84,228,175.20 73,869,137.86 42.(2) 106,599,320.49 103,140,198.33 1,853,820,723.90 1,784,499,946.13 197,190,538.06 257,997,081.81 94,553,508.54 14,268,908.19 999,222.97 3,881,859.76 4,800,000.00 205,000.00 - - 42.(3) 571,725.00-100,924,456.51 18,355,767.95 58,263,692.01 50,480,605.56 11,321,215.00 7,687,270.40 - - - - 69,584,907.01 58,167,875.96 31,339,549.50-39,812,108.01 - - 748,287,389.82 757,679,078.08 42.(4) 202,485,439.77 18,589,357.43 950,772,829.59 776,268,435.51 891,977,080.61 617,266,029.64 61,757,529.28 57,031,011.22 42.(5) 25,954,580.93 224,438,158.87 979,689,190.82 898,735,199.73-28,916,361.23-122,466,764.22 - - 42.(6) 199,613,726.33 95,718,209.58 42.(6) 261,731,999.32 166,013,789.74 42.(6) 461,345,725.65 261,731,999.32 39

2008 670,966,312.00 815,415,036.44 192,678,791.50 541,381,898.55-47,429.12 58,081,013.20 2,278,475,622.57 - - - - - - - - - - - - - - 670,966,312.00 815,415,036.44 192,678,791.50 541,381,898.55-47,429.12 58,081,013.20 2,278,475,622.57 - - -7,847,630.60 - -444,023,866.99-85,434.12-14,924,950.83-466,881,882.54 - - - -430,604,540.75 - -2,234,621.42-432,839,162.17 - -7,847,630.60 - - -85,434.12 - -7,933,064.72 1 - - - - - - 2-162,369.40 - - - - 162,369.40 3 - - - - - - - 4 - -8,010,000.00 - - -85,434.12 - -8,095,434.12 - -7,847,630.60 - -430,604,540.75-85,434.12-2,234,621.42-440,772,226.89 - - - - - -12,690,329.41-12,690,329.41 1 - - - - - - - 2 - - - - - - - 3 - - - - - -12,690,329.41-12,690,329.41 - - - -13,419,326.24 - - -13,419,326.24 1 - - - - - - - 2 - - -13,419,326.24 - - -13,419,326.24 3 ( ) - - - - - - - - - - - - - - 1 - - - - - - - 2 - - - - - - - 3 - - - - - - - 4 - - - - - - - 670,966,312.00 807,567,405.84 192,678,791.50 97,358,031.56-132,863.24 43,156,062.37 1,811,593,740.03 40

2007 670,966,312.00 808,949,595.12 179,675,175.99 387,389,636.69-41,529,778.58 2,088,510,498.38 6,465,441.32 - -4,035,651.83 - - 2,429,789.49 - - - - - - - 670,966,312.00 815,415,036.44 179,675,175.99 383,353,984.86-41,529,778.58 2,090,940,287.87 - - - 13,003,615.51 158,027,913.69-47,429.12 16,551,234.62 187,535,334.70 - - - 171,031,529.20-4,148,495.71 175,180,024.91 - - - - -47,429.12 - -47,429.12 1 - - - - - - - 2 - - - - - - - 3 - - - - - - - 4 - - - - -47,429.12 - -47,429.12 - - - 171,031,529.20-47,429.12 4,148,495.71 175,132,595.79 - - - - - 12,402,738.91 12,402,738.91 1 - - - - - 12,402,738.91 12,402,738.91 2 - - - - - - - 3 - - - - - - - - - 13,003,615.51-13,003,615.51 - - - 1 - - 13,003,615.51-13,003,615.51 - - - 2 - - - - - - - 3 ( ) - - - - - - - - - - - - - - 1 - - - - - - - 2 - - - - - - - 3 - - - - - - - 4 - - - - - - - 670,966,312.00 815,415,036.44 192,678,791.50 541,381,898.55-47,429.12 58,081,013.20 2,278,475,622.57 41

: 2008 12 31 2007 12 31 437,336,924.22 358,241,995.51 9,650,931.19 233,508,933.80 91,222,711.96 46,866,295.97 1 264,517,287.92 400,105,882.28 15,225,257.05 14,293,748.46 - - - - 2 129,690,126.74 221,504,107.75 252,188,648.80 374,976,200.36 - - - - 1,199,831,887.88 1,649,497,164.13 - - - - 3,422,086.83-3 553,960,506.67 601,547,674.92 - - 943,388,775.75 1,072,502,586.06 22,821,940.25 27,395,924.26 - - - 174,922,468.46 179,280,047.11 - - - - 171,787.64 1,099,052.82 56,815,725.95 32,153,358.12 - - 1,755,503,291.55 1,913,978,643.29 2,955,335,179.43 3,563,475,807.42 42

( ) : 2008 12 31 2007 12 31 557,600,000.00 651,818,169.26 - - - 19,000,000.00 261,816,234.02 364,102,242.32 23,799,036.47 14,864,083.33 23,579,033.13 21,048,667.92 6,627,928.88 11,083,055.68 583,754.81 333,468.23 2,543,250.84 2,599,350.84 98,411,741.27 165,423,636.59 - - - - 974,960,979.42 1,250,272,674.17 - - - - 34,581,818.00 31,418,181.00 - - 1,040,719.87-114.83 2,605,917.09 68,512,416.75 58,618,396.98 104,135,069.45 92,642,495.07 1,079,096,048.87 1,342,915,169.24 670,966,312.00 670,966,312.00 811,618,346.24 818,237,872.61 - - 192,678,791.50 192,678,791.50 200,975,680.82 538,677,662.07 1,876,239,130.56 2,220,560,638.18 2,955,335,179.43 3,563,475,807.42 43

: 2008 2007 4 1,259,024,951.31 1,457,185,842.63 4 1,079,754,887.50 1,250,149,066.48 9,061,403.45 8,373,117.50 28,879,593.80 28,273,508.84 123,873,502.81 99,737,897.86 52,694,771.85 44,972,565.61 266,460,850.46 46,598,459.19 - -10,422,902.83 10,423,668.35-5 -32,204,972.33 124,964,938.43-7,616,822.98-5,281,481.78 - -344,327,933.72 114,469,833.93 8,619,921.18 10,581,010.13 14,458,776.08 2,290,863.26 13,821,076.72 516,230.12 - -350,166,788.62 122,759,980.80-25,884,133.60-7,276,174.27 - -324,282,655.02 130,036,155.07-324,282,655.02 130,036,155.07 44

: 2008 2007 1,314,173,686.67 1,544,511,714.05 1,650,000.00 3,953,474.83 40,317,185.50 54,209,166.39 1,356,140,872.17 1,602,674,355.27 840,963,549.88 1,101,140,058.84 180,347,399.95 156,844,394.33 61,854,566.67 55,115,748.57 66,575,937.23 61,929,995.60 1,149,741,453.73 1,375,030,197.34 206,399,418.44 227,644,157.93 93,942,063.54 14,268,908.19 536,301.70 3,839,068.69 4,800,000.00 205,000.00 - - 571,725.00-99,850,090.24 18,312,976.88 51,883,063.72 43,673,059.42 28,377,960.00 9,542,300.00 - - - - 80,261,023.72 53,215,359.42 19,589,066.52-34,902,382.54 - - 701,692,240.44 702,733,412.41 125,944,712.47 18,530,000.00 827,636,952.91 721,263,412.41 795,286,731.50 616,266,029.64 57,807,209.09 56,966,807.18 12,649,976.76 149,497,431.57 865,743,917.35 822,730,268.39-38,106,964.44-101,466,855.98 - - 187,881,520.52 91,274,919.41 243,106,116.94 151,831,197.53 430,987,637.46 243,106,116.94 45

2008 670,966,312.00 818,237,872.61 192,678,791.50 538,677,662.07 2,220,560,638.18 - - - - - - - - - - 670,966,312.00 818,237,872.61 192,678,791.50 538,677,662.07 2,220,560,638.18 - - -6,619,526.37 - -337,701,981.25-344,321,507.62 - - - -324,282,655.01-324,282,655.01 - -6,619,526.37 - - -6,619,526.37 1 - - - - - 2 - - - - - 3 - - - - - 4 - -6,619,526.37 - - -6,619,526.37 - -6,619,526.37 - -324,282,655.01-330,902,181.38 - - - - - 1 - - - - - 2 - - - - - 3 - - - - - - - - -13,419,326.24-13,419,326.24 1 - - - - - 2 - - - -13,419,326.24-13,419,326.24 3 ( ) - - - - - - - - - - 1 - - - - 2 - - - - - 3 - - - - - 4 - - - - - 670,966,312.00 811,618,346.24 192,678,791.50 200,975,680.82 1,876,239,130.56 46

47 2007 670,966,312.00 816,965,001.91 179,675,175.99 421,645,122.51 2,089,251,612.41 - - - - - - - - - - 670,966,312.00 816,965,001.91 179,675,175.99 421,645,122.51 2,089,251,612.41 - - 1,272,870.70 13,003,615.51 117,032,539.56 131,309,025.77 - - - 130,036,155.07 130,036,155.07-1,272,870.70 - - 1,272,870.70 1 - - - - - 2 - - - - - 3 - - - - - 4-1,272,870.70 - - 1,272,870.70-1,272,870.70-130,036,155.07 131,309,025.77 - - - - - 1 - - - - - 2 - - - - - 3 - - - - - - - 13,003,615.51-13,003,615.51-1 - - 13,003,615.51-13,003,615.51-2 - - - - - 3 ( ) - - - - - - - - - - 1 - - - - - 2 - - - - - 3 - - - - - 4 - - - - - 670,966,312.00 818,237,872.61 192,678,791.50 538,677,662.07 2,220,560,638.18

2008 12 31 ( ) [1994]30 1994 3 23 19037945-2 1996 11 8 [1996] 308 A 1350 1996 11 29 2008 9 2 440000000007458 2008 12 31 670,966,312.00 ( ) [1999]381 ( ) 1984 1994 3 4,000 1996 11 8 1,215 A 8.5 / 135 5,350 2005 12 31 530,330,952.00 2006 4 6 160,635,360.00 48

2006 10 20 2,000 670,966,312.00 ( ) 2009 4 24 2008 1 1 12 31 49

1 2 3 1 2 3 4 4 1 500 100 50

1 5% 1-2 10% 2-3 15% 3 20% A B 2 3 51

52 1 2 1 2 3

4 1 2 1 2 3 4 53

5 5%, 10-35 9.5-2.71% 5-10 19-9.5% 5-10 19-9.5% 6 15.83% 10 9.5% 5 19% 6 1 2 7 3 54

1 2 1 2 3 1 2 3 4 5 55

56 1 1 2 3 2 3 3 4 1 2 3 4 5 6 7 8 1

2 3 1 A B C D E 2 3 4 A B C D 57

A B 58

59 1 2

17% 5% 15% 25% 7% 3% 2009 28 2008 GR200844000360 GR200844000744 GR200844000745 GR200844000746 1 1 2010 12 31 15% GR200844001201 1 1 2010 12 31 15% (1) A 2008 12 31 ( ) ( ) RMB 18,900 HKD 2,840 RMB18,900-100% - 100% - HKD1-100% - 100% - 60

(2) ( ) * USD500 RMB2,500 RMB6,700 RMB1,500 RMB1,800 RMB2,000 RMB500 RMB645 RMB3,000 2008 12 31 ( ) USD319.51-45% - 45% - RMB2,500-100% - 100% - RMB6,700-100% - 100% - RMB1,500-100% - 100% - RMB1,800-100% - 100% - RMB1,800-90% - 90% - RMB500-100% - 100% - RMB387-60% - 60% - RMB2,700-90% 10% 90% 10% * 45% 1 1 100% 10,000.00 2008 1 1 1,390,473.63 2008 1 1 2007 12 31 2007 12 31 15,379,562.46 15,379,562.46 13,989,088.83 13,989,088.83 1,390,473.63 1,390,473.63 61

2008 1 1 2007 2007-29,264,692.96 - -991,886.74-3,571,796.90 - -3,543.28 - - - 3,568,253.62 41,745,747.44 - - 2,862,933.71 - - -1,452,618.78 - - 1 2008-12-31 2007-12-31 52,061.72 52,061.72 1,480,709.42 1,480,709.42 76.29 0.8819 67.28 - - 52,129.00 1,480,709.42 374,046,582.81 374,046,582.81 225,527,244.44 225,527,244.44 3,837,125.96 0.8819 3,383,977.02 19,202,362.37 0.9364 17,981,091.94 384,197.06 6.8346 2,625,833.22 727,424.86 7.3046 5,313,547.63 380,056,393.05 248,821,884.01 100,668,664.75 100,668,664.75 193,054,285.90 193,054,285.90 32,286.70 6.8346 220,666.68 236.26 7.3046 1,725.79 23,306.00 0.0757 1,763.10 131,899,351.74 0.0641 8,450,000.07 100,891,094.53 201,506,011.76 480,999,616.58 451,808,605.19 62

2 2008-12-31 2007-12-31 9,672,741.19 233,659,863.80 9,672,741.19 233,659,863.80 1 2 3 2008-12-31 2007-12-31 81,451,432.17 67,396,972.56 19,332,521.43 46,478,785.73 100,783,953.60 113,875,758.29 1 5%( 5%) 2 4 1 2008-12-31 2007-12-31 % % 1 301,847,533.62 72.80 15,137,767.58 412,821,680.50 77.94 20,077,164.19 1-2 7,266,117.53 1.75 3,664,759.44 10,864,476.94 2.05 1,054,610.88 2-3 7,446,615.09 1.80 4,603,651.53 7,720,616.39 1.46 1,141,256.35 3 98,032,870.75 23.65 96,606,665.37 98,227,039.21 18.55 54,667,583.49 414,593,136.99 100.00 120,012,843.92 529,633,813.04 100.00 76,940,614.91 294,580,293.07 452,693,198.13 2 2008-12-31 2007-12-31 % % 95,235,227.96 22.97 32,254,515.04 131,630,967.54 24.85 28,898,493.85 76,177,595.51 18.37 76,083,754.71 16,447,920.01 3.11 16,447,920.01 243,180,313.52 58.66 11,674,574.17 381,554,925.49 72.04 31,594,201.05 414,593,136.99 100.00 120,012,843.92 529,633,813.04 100.00 76,940,614.91 294,580,293.07 452,693,198.13 63

3 2008 12 31 % 31,456,337.89 7.59 1 11,191,032.23 2.70 1-5 8,619,337.84 2.08 5 7,855,255.59 1.89 1 7,785,602.19 1.88 5 66,907,565.74 16.14 4 3 5 5%( 5%) 6 7.28% 11 5 2008-12-31 2007-12-31 % % 1 17,885,116.07 87.82 19,280,946.23 94.77 1 2 1,699,353.40 8.34 885,084.44 4.35 2 3 601,821.20 2.96 97,658.49 0.48 3 179,257.94 0.88 81,599.45 0.40 20,365,548.61 100.00 20,345,288.61 100.00 1 5%( 5%) 2 6 1 2008-12-31 2007-12-31 % % 1 20,130,973.79 25.51 581,566.80 33,309,623.97 34.68 11,816,946.64 1-2 1,591,053.12 2.02 214,234.05 14,219,318.71 14.80 2,347,620.84 2-3 9,100,781.44 11.53 2,049,408.32 2,372,571.19 2.47 353,670.58 3 48,094,471.42 60.94 46,418,593.50 46,156,719.85 48.05 28,459,820.93 78,917,279.77 100.00 49,263,802.67 96,058,233.72 100.00 42,978,058.99 29,653,477.10 53,080,174.73 64

2 2008-12-31 2007-12-31 % % 43,719,124.26 55.40 29,637,662.52 63,671,893.26 66.28 35,725,594.01 28,204,999.81 35.74 19,019,007.92 - - - 6,993,155.70 8.86 607,132.23 32,386,340.46 33.72 7,252,464.98 78,917,279.77 100.00 49,263,802.67 96,058,233.72 100.00 42,978,058.99 29,653,477.10 53,080,174.73 3 2008 12 31 % 20,037,278.96 25.39 3 6,384,455.50 8.09 1 5,209,265.82 6.60 1 3,580,000.00 4.54 3 1,848,822.94 2.34 1 37,059,823.22 46.96 4 3 5 5%( 5%) 6 30.61% 11 7 2008-12-31 2007-12-31 92,451,290.90 35,987,508.31 56,463,782.59 104,498,476.07 7,925,713.55 96,572,762.52 120,010,074.34 46,131,888.40 73,878,185.94 141,236,862.54 13,513,329.83 127,723,532.71 293,078,026.91 135,619,247.90 157,458,779.01 241,658,733.06 32,131,500.80 209,527,232.26 1,713,069.71 1,158,717.89 554,351.82 1,623,185.87 852,213.94 770,971.93 11,255.11-11,255.11 - - - 298,962.54-298,962.54 237,414.25-237,414.25 47,024,359.51 3,671,453.00 43,352,906.51 77,180,288.74-77,180,288.74 547.01-547.01 156,311.74-156,311.74 554,587,586.03 222,568,815.50 332,018,770.53 566,591,272.27 54,422,758.12 512,168,514.15 65

2007-12-31 2008-12-31 7,925,713.55 28,061,794.76 - - 35,987,508.31 13,513,329.83 32,750,484.20-131,925.63 46,131,888.40 32,131,500.80 103,604,701.80 116,954.70-135,619,247.90 852,213.94 306,503.95 - - 1,158,717.89-3,671,453.00 - - 3,671,453.00 54,422,758.12 168,394,937.71 116,954.70 131,925.63 222,568,815.50 1 2 168,394,937.71 8 2008-12-31 2007-12-31 3,422,086.83-3,422,086.83-2008 6 3 379.84 500 3 14 9 2008-12-31 2007-12-31 197,186,398.82 37,315,477.20 159,870,921.62 205,339,523.50-205,339,523.50 7,164,019.21-7,164,019.21 7,164,019.21-7,164,019.21 204,350,418.03 37,315,477.20 167,034,940.83 212,503,542.71-212,503,542.71 66

1 20.00% 20.00% 150,750,011.68 170,264,902.61 35,231,668.43 36.25% 36.25% 9,492,899.10 - -41,325,805.50 36.42% 36.42% 18,522,608.97 28,885,818.52 2,392,405.54 27.61% 27.61% 118,452,767.72 179,076,605.75 7,323,320.33 20.00% 20.00% 474,659,262.48 151,122,883.35 7,208,952.99 2 2007-12-31 2008-12-31 6,302,964.46 23,103,668.65-7,046,333.69 - - 14,911,027.53 30,150,002.34-29,000,000.00 18,421,780.42 - -14,980,604.50 - - -25,558,824.08 3,441,175.92-4,560,000.00 6,120,459.12-820,250.07 194,775.00-849,734.19 6,745,934.19 - * 29,998,082.00 30,682,840.42-2,021,968.75 - - 1,045,981.39 32,704,809.17 - * 132,000,000.00 127,010,774.89 - -2,866,297.69 - - -7,233,977.59 124,144,477.20 37,315,477.20 201,861,046.46 205,339,523.50 - -7,958,349.68 194,775.00 - -15,986,058.56 197,186,398.82 37,315,477.20 a * b 37,315,477.20 67

3 2007-12-31 2008-12-31 15.19% 4,500,000.00 7,164,019.21 - - 7,164,019.21-4,500,000.00 7,164,019.21 - - 7,164,019.21 4 10 2007-12-31 2008-12-31 812,870,055.32 6,492,589.22 1,354.00 819,361,290.54 1,469,743,218.93 41,156,248.38 82,255,492.97 1,428,643,974.34 157,379,115.49 26,390,512.18 123,435.89 183,646,191.78 17,092,750.51 207,744.00 19,900.00 17,280,594.51 129,718,011.25 2,401,560.18 1,699,176.91 130,420,394.52 51,026,830.56 745,957.45 66,513.15 51,706,274.86 2,637,829,982.06 77,394,611.41 84,165,872.92 2,631,058,720.55 173,987,251.91 30,045,147.73-204,032,399.64 861,543,685.89 101,624,741.92 58,446,098.04 904,722,329.77 139,038,430.37 21,963,175.05 103,975.18 160,897,630.24 12,442,307.19 1,302,153.71 19,805.55 13,724,655.35 67,989,399.11 12,411,981.12 12,246.32 80,389,133.91 32,650,794.68 3,698,060.97 158,331.23 36,190,524.42 1,287,651,869.15 171,045,260.50 58,740,456.32 1,399,956,673.33 2,060,619.94 4,562,699.06-6,623,319.00 16,521,783.32 44,520,746.15 1,594,086.18 59,448,443.29-682,108.47-682,108.47-188,847.36-188,847.36 - - - - 19,309.43 46,096.16-65,405.59 18,601,712.69 50,000,497.20 1,594,086.18 67,008,123.71 636,822,183.47 - - 608,705,571.90 591,677,749.72 - - 464,473,201.28 18,340,685.12 - - 22,066,453.07 4,650,443.32 - - 3,367,091.80 61,728,612.14 - - 50,031,260.61 18,356,726.45 - - 15,450,344.85 1,331,576,400.22 - - 1,164,093,923.51 68

1 73,757,794.69 2 2008 12 31 698,934,709.68 519,339,785.51 754,263,329.55 337,141,905.68 3 40,043,222.37 21,453,330.89 4,800,000.00 34,718,815.62 30,001,697.25 918,694.13 500 3 14 4 50,000,497.20 5 11 2007-12-31 2008-12-31 37,974,441.68 56,390,259.69 67,802,910.95 280,639.35 26,281,151.07 2,454,728.57 3,714,475.49 5,954,883.74-214,320.32-4,245,945.60 - - 4,245,945.60 40,429,170.25 64,350,680.78 73,757,794.69 280,639.35 30,741,416.99 570,478.00 333,946.58-389,585.93 514,838.65 39,858,692.25 30,226,578.34 530,478.00 225,000.00 280,639.35-474,838.65 40,000.00 108,946.58-108,946.58 40,000.00 570,478.00 333,946.58 280,639.35 108,946.58 514,838.65 69

12 1,259,600.00 262,650.16-249,009.17 1,245,959.01 13,640.99 0.5-1 225,884,864.08 192,265,752.18-4,245,379.20 37,864,491.10 188,020,372.98 17.5-49 353,474.91 172,791.71 69,461.00 84,392.36 195,614.56 157,860.35 2-4 1,851,900.00 865,316.79-183,459.96 1,170,043.17 681,856.83 1-4.5 229,349,838.99 193,566,510.84 69,461.00 4,762,240.69 40,476,107.84 188,873,731.15 - - 193,566,510.84 188,873,731.15 (1) 2008 12 31 95,805,120.00 86,205,139.24 (2) 2008 12 31 13 2,416,121.26 1,255,037.04 647,021.15 1,136,125.66 1,650,188.73 765,932.53 1-3 1,014,218.33 154,654.79-154,654.79 1,014,218.33-3,430,339.59 1,409,691.83 647,021.15 1,290,780.45 2,664,407.06 765,932.53 14 2008-12-31 2007-12-31 21,672,585.75 20,481,342.07 35,529,640.39 15,212,488.37 11,405,108.47 4,968,645.85 77,225.80 142,619.50 5,555,719.39 735,332.88 156,107.98 237,000.47 74,396,387.78 41,777,429.14 15 2007-12-31 2008-12-31 119,918,673.90 61,779,517.64 890,544.64 11,531,000.32 169,276,646.58 54,422,758.12 168,394,937.71 116,954.70 131,925.63 222,568,815.50 18,601,712.69 50,000,497.20 11,248.78 1,582,837.40 67,008,123.71 570,478.00 333,946.58 280,639.35 108,946.58 514,838.65-37,315,477.20 - - 37,315,477.20 193,513,622.71 317,824,376.33 1,299,387.47 13,354,709.93 496,683,901.64 70

16 2008-12-31 2007-12-31 66,000,000.00 66,500,000.00 2,897,240.66-334,600,000.00 402,400,000.00 158,000,000.00 236,425,519.74 561,497,240.66 705,325,519.74 1 30,460 3,000 15,800 1,549,003,159.23 942,686,830.43 698,934,709.68 519,339,785.51 754,263,329.55 337,141,905.68 95,805,120.00 86,205,139.24 30,000,000.00 27,311,949.21 2008 06 30 2009 06 30 2 2008 3 21 20,000,000.00 1 17 2008-12-31 2007-12-31-19,000,000.00-19,000,000.00 18 1 305,726,188.43 5% 5% 2 11 19 1 29,790,804.02 5% 5% 2 71

20 2007-12-31 2008-12-31 13,523,332.09 198,253,063.68 198,467,020.75 13,309,375.02-9,908,521.97 9,785,748.19 122,773.78-51,070.01 18,455,338.19 18,425,789.76-21,521.58 1. 39,380.60 4,494,496.63 4,523,497.92 10,379.31 2.-82,816.36 11,835,971.42 11,785,496.94-32,341.88 3. - 22,004.40 22,004.40-4. 251.82 1,162,866.17 1,151,422.67 11,695.32 5. -6,839.79 729,305.33 731,705.59-9,240.05 6. -1,046.28 210,694.24 211,662.24-2,014.28 2,811,011.34 11,326,132.29 12,425,788.51 1,711,355.12 9,369,269.67 1,456,983.93 1,599,442.43 9,226,811.17 - - - - - 3,415,941.32 302,110.65 3,113,830.67 - - - - - - - - 25,652,543.09 242,815,981.38 241,005,900.29 27,462,624.18 21 2008-12-31 2007-12-31 4,716,262.65 3,470,338.99 21,092.10 9,536.20 601,979.82 723,428.38-724,887.74 11,128,364.74 940,557.20 483,561.01 260,833.62 314,724.37 1,640,000.00 - -34,306.68 73,630.21 7,421,530.97 16,203,583.90 22 1 40,427,099.57 5%( 5%) 11 2 3 23 2008-12-31 2007-12-31 7 19,090,908.00 21,818,181.00 9 7,854,546.00 9,600,000.00 10 7,636,364.00-34,581,818.00 31,418,181.00 72

35,145,454.00 2008 2,727,273.00 693,818.00 1,745,454.00 490,909.00 363,636.00 279,600.00 24 2008-12-31 2007-12-31 1,040,719.87-1,040,719.87-25 2008-12-31 2007-12-31 114.83 2,621,149.59 114.83 2,621,149.59 26 2007-12-31 2008-12-31 64,790,383.98 16,423,580.17 7,158,104.86 74,055,859.29 64,790,383.98 16,423,580.17 7,158,104.86 74,055,859.29 27 2007-12-31 2008-12-31 1 - - - - 2150,270,855.00-27,786,685.00 122,484,170.00 3 30,000.00 - - 30,000.00 4 - - - - 5 130,572.00-123,372.00 7,200.00 6 - - - - 150,431,427.00-27,910,057.00 122,521,370.00 1 520,534,885.00 27,910,057.00-548,444,942.00 2 - - - - 3 - - - - 4 - - - - 520,534,885.00 27,910,057.00-548,444,942.00 670,966,312.00 670,966,312.00 73

28 2007-12-31 2008-12-31 771,703,462.47 1,380,473.63-773,083,936.10 43,711,573.97 162,369.40 9,390,473.63 34,483,469.74 815,415,036.44 1,542,843.03 9,390,473.63 807,567,405.84 29 2007-12-31 2008-12-31 168,262,973.26 - - 168,262,973.26 24,415,818.24 - - 24,415,818.24 192,678,791.50 - - 192,678,791.50 30 2008 2007 541,381,898.55 310,705,091.33-72,648,893.53 541,381,898.55 383,353,984.86-430,604,540.75 171,031,529.20 110,777,357.80 554,385,514.06 13,419,326.24 13,003,615.51-13,003,615.51 13,419,326.24 - - - 97,358,031.56 541,381,898.55 2007 2007 10 0.2 31 59.71% 41,745,747.44-1,865,509.18-10.00% 2,862,933.71 27,125.03-40.00% -1,452,618.78-397,340.23 - * - - 95.71 - * - - 1,230.37 - * - - -743.99 - * - - 520.87-43,156,062.37-2,234,621.42 - * 100% 74

32 2008 2007 2008 2007 2008 2007 1,887,341,014.98 1,905,536,599.69 1,632,965,320.88 1,600,895,496.65 254,375,694.10 304,641,103.04 23,485,960.93 43,915,326.09 21,241,324.27 39,608,917.13 2,244,636.66 4,306,408.96 1,910,826,975.91 1,949,451,925.78 1,654,206,645.15 1,640,504,413.78 256,620,330.76 308,947,512.00 5,488,481.24 3,739,836.07 4,989,128.17 3,009,511.57 499,353.07 730,324.50 6,139,171.33 523,840.66-310,550.59 6,139,171.33 213,290.07 504,745.53 100,440.38 446,928.60 14,715.86 57,816.93 85,724.52 3,623,011.52 1,415,392.74 2,792,848.23 554,308.49 830,163.29 861,084.25 15,755,409.62 5,779,509.85 8,228,905.00 3,889,086.51 7,526,504.62 1,890,423.34 1,926,582,385.53 1,955,231,435.63 1,662,435,550.15 1,644,393,500.29 264,146,835.38 310,837,935.34 1 2008 2007 2008 2007 2008 2007 302,010,514.31 273,081,995.89 261,009,692.65 230,918,135.72 41,000,821.66 42,163,860.17 1,103,801,107.79 1,106,685,014.90 931,160,610.49 899,233,077.72 172,640,497.30 207,451,937.18 13,037,775.12 8,406,452.34 11,509,147.21 7,172,385.14 1,528,627.91 1,234,067.20 30,811,763.08 31,120,286.90 26,864,220.11 26,514,484.44 3,947,542.97 4,605,802.46 4,485,874.01 11,262,024.33 3,780,193.97 9,359,868.42 705,680.04 1,902,155.91 26,149,494.55 19,512,982.94 23,293,133.55 17,112,886.04 2,856,361.00 2,400,096.90 881,997.68 1,396,780.33 743,945.02 1,114,630.70 138,052.66 282,149.63 429,648,449.37 497,986,388.15 395,845,702.15 449,078,945.60 33,802,747.22 48,907,442.55 1,910,826,975.91 1,949,451,925.78 1,654,206,645.15 1,640,504,413.78 256,620,330.76 308,947,512.00 2 2008 2007 % % 323,701,222.62 16.80 357,212,853.75 18.27 75

33 2008 2007 212,909.82 224,226.77 6,419,813.29 7,166,353.73 2,765,051.41 3,140,150.90 1,640,000.00-15,337.81 21,890.92 11,053,112.33 10,552,622.32 34 2008 2007 50,196,160.95 38,388,360.10 7,751,765.57 2,642,908.02 24,281,709.37 34,011,669.36 9,324,548.64 23,569,963.02 2,415,397.12 4,430,554.43 59,816,953.23 50,617,712.85 35 2008 2007 60,888,973.00 43,157,169.09 168,277,983.01 10,481,740.98 49,989,248.42-53,307.23 570,478.00 37,315,477.20-316,524,988.86 54,209,388.07 36 2008 2007-10,483,832.83 10,484,598.35-10,483,832.83 10,484,598.35 37 2008 2007-119,030,114.97 124,048,151.28-7,616,822.98-5,080,421.78 341,526.70 3,839,068.70-201,060.00-7,958,349.68-9,120,550.48-126,646,937.95 118,967,729.50 76

38 2008 2007 1 90,020.65 184,223.64 90,020.65 184,223.64 2 8,029,884.99 10,200,317.46 3 1,268,625.69-4 219,934.31 754,827.03 9,608,465.64 11,139,368.13 39 2008 2007 1 13,869,869.35 516,230.12 13,869,869.35 516,230.12 2-64,648.87 3 7,000.00-4 181,934.98 1,610,428.50 5 797,957.91 99,985.76 14,856,762.24 2,291,293.25 40 2008 2006 4,219,658.63 20,118,079.97-35,253,043.60-29,228,633.59-31,033,384.97-9,110,553.62 41 2008 2007-430,604,540.75 171,031,529.20 670,966,312.00 670,966,312.00-0.64 0.25-0.64 0.25 77

42 1 2008 2007 7,751,765.57 2,614,221.59 19,076,680.17 8,377,670.43 6,187,662.68 18,200,000.00 1,578,580.65 20,441,465.71 34,594,689.07 49,633,357.73 2 2008 2007 34,807,034.73 31,699,490.07 58,279,541.91 51,259,569.64 2,415,397.12 4,430,554.43 11,097,346.73 15,750,584.19 106,599,320.49 103,140,198.33 3 2008 2007 571,725.00-571,725.00-4 2008 2007 12,408,833.90 18,530,000.00 190,076,605.87 - - 59,357.43 202,485,439.77 18,589,357.43 5 2008 2007-30,000,000.00 6,300,690.00 4,361,553.00 19,653,890.93 190,076,605.87 78

25,954,580.93 224,438,158.87 6 2008 2007 480,999,616.58 451,808,605.19 52,129.00 1,480,709.42 461,293,596.65 260,251,289.90 19,653,890.93 190,076,605.87 19,653,890.93 190,076,605.87 461,345,725.65 261,731,999.32 7 2008 2007 1-432,839,162.17 175,180,024.91 316,524,988.86 54,209,388.07 168,308,428.29 176,893,449.82 4,762,240.69 4,910,679.99 1,290,780.45 1,542,427.74 13,869,869.35 332,006.47 - - - - - 10,483,832.83-10,484,598.35-65,153,321.68 38,388,360.10-126,646,937.95-118,967,729.50 - -32,618,958.63-26,522,869.50 - -2,621,034.76-2,687,372.75-12,003,686.24-19,767,115.31-140,722,166.14-88,897,854.46 - -194,496,558.86 73,868,284.58 197,190,538.06 257,997,081.81 2- - 3 461,345,725.65 261,731,999.32 261,731,999.32 166,013,789.74 199,613,726.33 95,718,209.58 79

1 1 2008-12-31 2007-12-31 % % 1 268,915,239.09 71.50 10,746,396.17 357,903,242.82 76.45 14,415,245.35 1-2 6,265,711.89 1.67 3,416,947.99 9,867,248.15 2.11 977,860.23 2-3 7,118,134.97 1.89 4,421,893.90 6,567,837.94 1.40 1,044,998.25 3 93,823,224.55 24.94 93,019,784.52 93,789,770.27 20.04 51,584,113.07 376,122,310.50 100.00 111,605,022.58 468,128,099.18 100.00 68,022,216.90 264,517,287.92 400,105,882.28 2 2008-12-31 2007-12-31 % % 55,435,957.08 14.74 29,788,036.77 97,072,594.11 20.74 27,170,575.18 71,976,646.11 19.14 71,950,489.15 16,447,920.01 3.51 16,447,920.01 248,709,707.31 66.12 9,866,496.66 354,607,585.06 75.75 24,403,721.71 376,122,310.50 100.00 111,605,022.58 468,128,099.18 100.00 68,022,216.90 264,517,287.92 400,105,882.28 3 2008 12 31 % 19,707,018.02 5.24 1 16,501,913.62 4.39 1 11,590,725.64 3.08 1 11,191,032.23 2.98 1 5 8,619,337.84 2.29 5 67,610,027.35 17.98 4 3 80

2 1 2008-12-31 2007-12-31 % % 1 127,398,018.41 72.94 217,772.87 211,332,105.21 80.77 11,535,950.26 1-2 1,064,323.35 0.61 147,326.07 4,289,124.90 1.64 315,804.66 2-3 444,892.41 0.25 98,395.52 1,672,997.72 0.64 250,199.66 3 45,755,100.47 26.20 44,508,713.44 44,343,726.88 16.95 28,031,892.38 174,662,334.64 100.00 44,972,207.90 261,637,954.71 100.00 40,133,846.96 129,690,126.74 221,504,107.75 2 2008-12-31 2007-12-31 % % 30,974,465.29 17.73 28,226,261.58 63,671,893.26 24.34 35,725,594.01 17,684,922.26 10.13 15,249,943.65 - - - 126,002,947.09 72.14 1,496,002.66 197,966,061.45 75.66 4,408,252.95 174,662,334.64 100.00 44,972,207.89 261,637,954.71 100.00 40,133,846.96 129,690,126.74 221,504,107.75 3 2008 12 31 % 48,062,171.31 27.52 1 20,037,278.96 11.47 3 17,832,675.52 10.21 1 17,002,233.37 9.73 1 14,803,874.01 8.48 1 117,738,233.17 67.41 3 1 2008-12-31 2007-12-31 386,925,565.84-386,925,565.84 389,044,132.21-389,044,132.21 - - - - - - 197,186,398.82 37,315,477.20 159,870,921.62 205,339,523.50-205,339,523.50 7,164,019.21-7,164,019.21 7,164,019.21-7,164,019.21 591,275,983.87 37,315,477.20 553,960,506.67 601,547,674.92-601,547,674.92 81

2 2007-12-31 2008-12-31 6,302,964.46 23,103,668.65-7,046,333.69 - - 14,911,027.53 30,150,002.34-29,000,000.00 18,421,780.42 - -14,980,604.50 - - -25,558,824.08 3,441,175.92-4,560,000.00 6,120,459.12-820,250.07 194,775.00-849,734.19 6,745,934.19-29,998,082.00 30,682,840.42-2,021,968.75 - - 1,045,981.39 32,704,809.17-132,000,000.00 127,010,774.89 - -2,866,297.69 - - -7,233,977.59 124,144,477.20 37,315,477.20 201,861,046.46 205,339,523.50 - -7,958,349.68 194,775.00 - -15,986,058.56 197,186,398.82 37,315,477.20 3 2007-12-31 2008-12-31 100.00% 207,867,890.12 211,289,737.32 - - 211,289,737.32-100.00% 23,000,000.00 23,000,000.00 9,287,000.00 32,287,000.00 - - 40.29% 26,074,489.53 26,074,489.53 - - 26,074,489.53-100.00% 66,890,000.00 66,500,000.00 390,000.00-66,890,000.00-100.00% 18,120,040.00 17,600,000.00 520,040.00-18,120,040.00-100.00% 15,180,920.00 14,600,000.00 580,920.00-15,180,920.00-90.00% 18,000,000.00 18,000,000.00 - - 18,000,000.00-60.00% 3,870,000.00-2,020,094.64 - - -2,020,094.64-100.00% 5,000,000.00 5,000,000.00 - - 5,000,000.00-90.00% 27,000,000.00 9,000,000.00 18,000,000.00-27,000,000.00-100.00% 1,390,473.63-1,390,473.63-1,390,473.63-412,393,813.28 389,044,132.21 30,168,433.63 32,287,000.00 386,925,565.84-82

4 2007-12-31 2008-12-31 15.19% 4,500,000.00 7,164,019.21 - - 7,164,019.21-4,500,000.00 7,164,019.21 - - 7,164,019.21-4 2008 2007 2008 2007 2008 2007 1,179,358,390.47 1,338,894,923.27 1,011,922,712.05 1,146,447,723.83 167,435,678.42 192,447,199.44 25,363,016.92 43,915,326.09 25,932,699.57 39,608,917.13-569,682.65 4,306,408.96 1,204,721,407.39 1,382,810,249.36 1,037,855,411.62 1,186,056,640.96 166,865,995.77 196,753,608.40 44,963,802.93 71,113,798.20 38,800,691.83 61,375,139.93 6,163,111.10 9,738,658.27 5,863,329.81 523,545.28-310,304.43 5,863,329.81 213,240.85 425,931.40 100,440.38 446,928.60 14,715.86-20,997.20 85,724.52 3,050,479.78 2,637,809.41 2,651,855.45 2,392,265.30 398,624.33 245,544.11 54,303,543.92 74,375,593.27 41,899,475.88 64,092,425.52 12,404,068.04 10,283,167.75 1,259,024,951.31 1,457,185,842.63 1,079,754,887.50 1,250,149,066.48 179,270,063.81 207,036,776.15 (1) 2008 2007 2008 2007 2008 2007 222,626,432.34 189,369,386.31 190,217,154.13 160,130,753.06 32,409,278.21 29,238,633.25 601,172,873.71 750,016,262.50 508,230,060.26 630,404,745.08 92,942,813.45 119,611,517.42 12,997,753.76 8,300,006.52 11,471,108.22 7,081,565.56 1,526,645.54 1,218,440.96 22,614,758.93 22,070,854.02 19,614,279.86 18,804,367.63 3,000,479.07 3,266,486.39 1,209,190.62 8,809,243.20 1,025,664.41 7,321,362.02 183,526.21 1,487,881.18 25,927,937.10 19,306,341.90 23,297,273.60 16,931,661.85 2,630,663.50 2,374,680.05 770,677.60 1,388,575.20 635,781.05 1,108,083.01 134,896.55 280,492.19 317,401,783.33 383,549,579.71 283,364,090.09 344,274,102.75 34,037,693.24 39,275,476.96 1,204,721,407.39 1,382,810,249.36 1,037,855,411.62 1,186,056,640.96 166,865,995.77 196,753,608.40 (2) 2008 2007 % 182,596,927.14 14.50 228,272,826.71 15.67 % 83

5 2008 2007-119,493,036.24 124,005,360.22 87,288,063.91 959,578.21 341,526.70 9,879,068.69 94,904,886.89 201,060.00-7,958,349.68-9,120,550.48-32,204,972.33 124,964,938.43 ( ) 1 RMB 18.25% 18.25% 19529251-6 120,000,000.00 10 71928384-9 18.25% 18.25% 2008 353 2 2007-12-31 2008-12-31 RMB120,000,000.00 - - RMB120,000,000.00 RMB1,000,000,000.00 - - RMB1,000,000,000.00 USD7,937,280.98 - - USD7,937,280.98 RMB25,000,000.00 - - RMB25,000,000.00 RMB67,000,000.00 - - RMB67,000,000.00 RMB15,000,000.00 - - RMB15,000,000.00 RMB18,000,000.00 - - RMB18,000,000.00 RMB20,000,000.00 - - RMB20,000,000.00 RMB189,000,000.00 - - RMB189,000,000.00 RMB5,000,000.00 - - RMB5,000,000.00 RMB6,450,000.00 - - RMB6,450,000.00 RMB10,000,000.00 RMB20,000,000.00 - RMB30,000,000.00 84

HKD28,400,000.00 - - HKD28,400,000.00 3 2007-12-31 2008-12-31 142,484,171.85 21.24% - 20,000,000.00 122,484,171.85 18.25% 26,074,489.53 45.00% - - 26,074,489.53 45.00% 23,000,000.00 92.00% 2,000,000.00-25,000,000.00 100.00% 66,500,000.00 99.25% 500,000.00-67,000,000.00 100.00% 14,600,000.00 97.33% 400,000.00-15,000,000.00 100.00% 17,600,000.00 97.78% 400,000.00-18,000,000.00 100.00% 18,000,000.00 90.00% - - 18,000,000.00 90.00% 189,998,712.80 100.00% - - 189,998,712.80 100.00% 5,000,000.00 100.00% - - 5,000,000.00 100.00% 60.00% 60.00% 6,450,000.00 - - 6,450,000.00 10,000,000.00 100.00% 20,000,000.00-10,000,000.00 100.00% 100.00% - - HKD28,400,000.00 - HKD28,400,000.00 4 1 2008 19 85

2008 7 2 1 2008 2007 % 683,113.56 0.05 2,882,891.26 0.22 - - 13,162.39-14,022,210.91 1.06 50,033,170.60 3.81 - - 10,631.71 - - - 1,316,083.45 0.10 1,365,867.31 0.10 - - 16,071,191.78 1.21 54,255,939.41 4.13 2 2008 2007 % % % 38,826,059.67 2.03 54,985,217.19 2.82 29,231,964.02 1.53 42,622,827.67 2.19 - - 1,244,663.17 0.06 6,848,778.28 0.36 10,606,784.25 0.54 74,906,801.97 3.92 109,459,492.28 5.61 3 2008 2007-80,500.00-361,113.46-441,613.46 86

4 2008 2007 40,919.28 82,170.48 24,787.69 13,565.04 580,107.45 290,750.16-345,400.44 645,814.42 731,886.12 5 2008 2007-888,127.84 6 2008 2007 \ \119,529.14 552,972.97-324,774.84 \ 142.88 386,345.30 23,677.58 169,713.71 143,349.60 1,433,806.82 7 2007 79,844,755.21 8 2008 2007-1,366,500.00 9 2008 2007-25,545,454.00-9,600,000.00-35,145,454.00 87

(10) 2008 3,380,272.79 2007 875,718.11 995,289.86 2007 302,002.18 1,771,400.61 2007 717,362.61 20 4 10 20 4 10 9 (11) % 2008-12-31 2007-12-31 2008-12-31 2007-12-31 4,062,916.57 4,062,916.57 0.98 0.77-1,964,971.02-0.37 141,100.00 141,100.00 0.03 0.03 348,619.33 348,619.33 0.08 0.07 5,498,463.11 5,498,463.11 1.33 1.04 3,945,739.76 3,589,710.38 0.95 0.68 4,837,186.61 9,817,353.31 1.17 1.85 177,737.34-0.04-11,191,013.13 12,260,776.54 2.70 2.31 30,202,775.85 37,683,910.26 7.28 7.12 1,150,937.65 1,632,767.79 1.46 1.70 4,753.69 140,672.57 0.01 0.15 731,550.58 740,650.50 0.93 0.77 241,977.95 136,036.67 0.31 0.14-824,225.46-0.86 20,037,278.96 20,037,278.96 25.39 20.86 1,848,822.94 1,526,912.64 2.34 1.59 138,556.72 56,870.55 0.17 0.06 24,153,878.49 25,095,415.14 30.61 26.13-107,032.76-0.03-9,106.65 - - - 190,640.53-0.04-350,877.65-0.08 861,268.56-0.28-861,268.56 657,657.59 0.28 0.15 36,540.86 2,525,385.03 0.09 0.04 36,540.86 2,525,385.03 0.09 0.04 (12) 88

2008 12 31 2000 32 1 2009 2008 2008-324,282,655.02 2008 12 31 200,975,680.82 2008 1 2008 2 28 100% 100% 2008 2 27 2 2008 19 89

2008 7 3 2008 353 2008 537 2000 100% 2000 2008 2007-13,779,848.70-332,006.47 - - 8,029,884.99 10,200,317.46 - - - - - - - - - - -181,934.98-1,415,991.52 - - - - - -991,886.74-1,040,719.87 - -129,513,947.80 134,532,749.63 - - - - - - - 90

- - - - 683,602.09 389,883.31-8,265,286.13-135,802,964.27 150,648,351.80-20,948,355.61 22,189,847.72-114,854,608.66 128,458,504.08 94,819.44 7,542.08-114,949,428.09 128,450,962.00 2008 (%) ( / ) -430,604,540.75-24.35% -21.57% -0.64-0.64-315,655,112.66-17.85% -15.81% -0.47-0.47 2007 171,031,529.20 7.70% 8.01% 0.25 0.25 42,580,567.20 1.92% 1.99% 0.06 0.06 =P E2 P E ( ) ( ) =P/(E0+NP 2+Ei Mi M0 Ej Mj M0±Ek Mk M0) P NP E0 Ei 91

Ej M0 Mi Mj Ek Mk =P S S=S0+S1+Si Mi M0 Sj Mj M0 Sk P S S0 S1 Si Sj Sk M0 Mi Mj =[P+( ) (1- )]/(S0+S1+Si Mi M0 Sj Mj M0 Sk+ ) P 2007 1 2008 [2008]43 92

2009 4 24 2009 4 24 2009 4 24 93