1 2 1
6,900 2,300 9,200 1 2 2
1 2 3
1 2 4
1 2 5
1 2 6
1 A 2 1.00 3 2,300 25% 4 5 6 2.33 2008 6 30 7 8 9 10 11 12 1 2 7
13 14 15 1 2 3 4 5 6 15 1 2 8
SICHUAN CRUN CO., LTD 6,900 2007 2 5 643010 0813-2629228 0813-2629229 www.chuanrun.com chuanrun@chuanrun.com 2007 1 8 2006 12 31 102,866,873.19 1 0.67076988 6,900 2007 1 6 2007 2 5 510300000003742 1 2 9
2007 2 52007 1 28 2007 1 62007 1 28 102,866,873.19 69,000,000 33,866,873.19 % 5,233.8665 3510.95 50.88 1,722.9165 1,714.7908 1150.00 16.67 564.7908 1,543.0031 1035.00 15.00 508.0031 822.9350 552.00 8.00 270.9350 617.2012 414.00 6.00 203.2012 149.1570 100.05 1.45 49.1070 102.8669 69.00 1.00 33.8669 102.8669 69.00 1.00 33.8669 10,286.69 6,900.00 100.00 3,386.69 2,300 35,109,500 50.88% 35,109,500 38.16% 11,500,000 16.67% 11,500,000 12.50% 1 2 10
10,350,000 15.00% 10,350,000 11.25% 5,520,000 8.00% 5,520,000 6.00% 4,140,000 6.00% 4,140,000 4.50% 1,000,500 1.45% 1,000,500 1.09% 690,000 1.00% 690,000 0.75% 690,000 1.00% 690,000 0.75% 69,000,000 100.00% 69,000,000 75.00% 0 0.00% 23,000,000 25.00% 69,000,000 100.00% 92,000,000 100.00% 1 1 2 11
2 50MW 1,000MW 1 2 3 4 2002302004 60 2006100 1 2 12
5 10 1 2 13
1 1 LincolnDelimo 2 2006 1 2 14
600MW 30% 600MW 600MW 300MW 600MW W CFB1,000MW A A 2 1 2 15
200520072008 1-6 6,933.94 8,849.7111,901.287,953.31 20052007 3.45% 3.38% 3.35% 20058,5902007 22,1802008 1-6 18,275 6,400 / 60 100 100 2005200744,267 37,05541,51613,93812,96515,448 31.49% 34.99% 37.21% 2007 8,218 2008 6 30 1 2 16
2008.6.30 39,297,167.23 41,243,973.52 4,863,125.00 1,862,033.51 87,266,299.26 17,530,008.85 19,658,918.47 2,176,805.47 768,860.18 40,134,592.97 21,767,158.38 21,585,055.05 2,686,319.53 1,093,173.33 47,131,706.29 155 9,091,555 4,500,617 49.50% 67 1,890,186.48 948,796.45 50.20% 15 5 969,516.87 784,874.55 80.96% 20 15 403,953.08 262,601.04 65.01% 10 15 567,457.48 175,794.97 30.98% 10 13 719,812.96 455,321.12 63.26% 15 8 118,253.67 15,831.84 13.39% 10 6 456,124.24 125,048.86 27.42% 8 15 1,432,570.96 667,955.60 46.63% 20 1 80,000.00 4,000.00 5.00% 5 3 161,000.00 135,801.46 84.35% 25 1 2 17
1 300,000.00 221,654.91 73.88% 25 1 1,018,279.24 163,977.23 16.10% 10 2 259,400.00 112,014.91 43.18% 25 1 360,000.00 223,235.91 62.01% 20 1 175,000.00 134,840.38 77.05% 25 1 180,000.00 68,867.91 38.26% 15 211 3,011,050 1,667,464 55.38% 72 781,213.53 413,342.92 52.91% 15 35 166,944.28 101,007.84 60.50% 15 54 552,180.00 300,867.24 54.49% 20 15 590,644.27 384,930.41 65.17% 25 29 892,400.00 447,292.47 50.12% 20 6 27,668.40 20,022.88 72.37% 15 7 2,049,072.76 1,410,511.73 68.84% 25 1 2,111,000.00 1,393,695.72 66.02% 25 1 5,774,529.95 4,279,427.62 74.11% 25 56 8,197,890.54 3,514,705.84 42.87% 15 46 524,786.94 259,548.53 49.46% 15 24 2,753,172.14 2,080,328.27 75.56% 7 420,942.84 327,209.52 77.73% 25 4 20,074.16 3,240.47 16.14% 15 2 609,750.00 411,896.06 67.55% 25 1 128,000.00 89,531.73 69.95% 25 1 118,000.00 90,920.93 77.05% 25 1 195,000.00 176,494.44 90.51% 30 2 458,000.00 424,267.00 92.63% 30 1 414,730.00 382,515.04 92.23% 30 2 204,075.14 40,661.78 19.92% 10 2 78,600.00 49,377.83 62.82% 20 1 106,000.00 84,213.47 79.45% 25 1 2 18
1 2 19
1 2 20
1 2 21
1 2 22
1 2 23
1 2 24
1 2 25
1 1 17 2008 6 30 52,192,193.1351,072,595.25 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ( 2 ) (2007) 041792 9,742.00 / (2007) 041791 129.55 (2007) 041797 102.35 (2007) 041795 163.73 (2007) 041796 75,120.30 / / / (2007) 041793 848.80 (2007) 041794 30,012.50 (2007) 044903 12,553.04 (2007) 044905 27,433.50 (2007) 044904 5,476.97 (2007) 012074 239.06 / / / / / (2008) 010937 25,164.20 (2008) 010938 18,886.88 / (2008) 010939 32,262.40 (2008) 010940 23,951.43 (2008) 010941 28,058.99 / / 1 2 26
17 2008 49 73,544.76 / 2 1 1029177 2007.6 2017.6 3673709 2005.10 2015.10 1 2 27
3673710 2005.10 2015.10 2007 2007 4 12 2007 8 20 2 ZL 2005 2 0034281.9 ZL 2005 2 0034375.6 ZL 2005 2 0034866.0 ZL 2005 3 0031559.2 ZL 2006 2 0036923.3 ZL 2006 2 0036924.8 ZL 2007 2 0079565.9 ZL 2007 2 0079588.x ZL 2007 2 0078826.5 2005 5 10 2005 6 10 2005 7 10 2005 12 10 2006 12 10 2006 12 10 2007 5 10 2007 5 10 2007 3 10 200730092325.8 200730092326.2 200730092323.9 1 2 28
200730092324.3 TS2110092 2008 A 2008 8 30 TS2210524-2011 A1 A2 2011 3 19 TS1251025 2009 D2 2009 2 3 TS2251036 2008 D2 2008 12 20 1 2 29
1 2 3 4 1 2 30
1 2 31
3 2007 70,000.00 2006 120,000.00 2006 45,000.00 2005 97,500.00 1 2004 9 25 2004 10 12005 9 302,500 2 2005 3 25 2005 4 1 2006 3 3110,000 3 2006 3 25 2006 4 1 2007 3 3110,000 4 2006 7 31 2 2006 8 12007 12 312006 8-129,0002007 1-1210,000 1 1 2006 12 22 60% 40% 1 2 32
12080 2 2006 12 23 10% 330.51 2 1 5002008 4 242009 4 7 2 5602007 9 242008 9 23 3 2002008 03 032009 03 02 4 5,500/ 5 2,000 / 2008 6 32009 5 29 2005 22%2006 12 22 1 2 33
1 2 34
1965 1969 1965 1975 1952 2007 2 2010 1 2007 2 2010 1 2007 2 2010 1 2007 2 2010 1 2007 2 2010 1 1997 3 2001 9 2002 10 CEO 2002 11 MBA 2005 2007 1997 2003 2004 1989 2001 2002 CME 1990 2007 12.34 3510.95 12.36 1035.00 11.36 1150.00 6.37 414.00 0 69.00 1 2 35
1979 1939 1964 1967 1967 1961 2007 2 2010 1 2007 2 2010 1 2007 2 2010 1 2007 2 2010 1 2007 2 2010 1 2007 2 2010 1 2002 1962 1996 1988 2001 1996 1998 1999 (IFE) 2004 2005 1980 10.04 3.00 3.00 3.00 11.62 552.00 6.00 1 2 36
1963 1976 1964 2007 2 2010 1 2007 9 2010 1 2007 2 2008 2 1993 52940 270 2003 7 2004 4 1988 1 2 2007 6 5.00 6.72 8.56 1 2 37
3,510.9550.88% 67.55% 2008 1-287 1 2 38
1 2008.6.30 2007.12.31 2006.12.31 2005.12.31 72,454,169.23 88,245,962.71 36,063,673.64 15,531,107.30 - - - - 13,972,980.00 11,051,991.42 16,885,816.21 3,378,000.00 50,425,338.16 49,948,371.58 33,128,921.02 24,116,076.25 67,021,522.01 42,256,085.93 10,508,938.35 9,797,839.05 - - - - - - - - 6,859,891.61 23,796,329.04 4,907,806.47 17,057,839.11 89,386,637.22 51,999,687.50 79,280,767.21 62,744,320.51 - - - - - - - - 300,120,538.23 267,298,428.18 180,775,922.90 132,625,182.22 - - - - - - - - - - - - - - - 10,584,976.03 10,584,976.03 10,584,976.03 200,000.00 2,886,125.82 2,981,604.18 3,182,455.14 3,383,306.10 47,131,706.29 46,177,328.42 50,839,205.06 57,424,562.78 15,557,820.47 2,369,258.64 120,000.00 1,505,473.69 - - - - - - - - - - - - - - - - 51,088,023.77 16,503,113.64 47,947,645.65 52,231,081.02 - - - - - - - - 350,000.00-3,333.33 50,071.05 1,967,232.96 1,841,716.96 1,159,680.98 2,378,216.69 - - - - 129,565,885.34 80,457,997.87 113,837,296.19 117,172,711.33 429,686,423.57 347,756,426.05 294,613,219.09 249,797,893.55 1 2 39
2008.6.30 2007.12.31 2006.12.31 2005.12.31 130,500,000.00 108,500,000.00 51,640,000.00 39,400,000.00 - - - - - 3,883,711.80 7,150,000.00 7,150,000.00 51,428,803.33 35,172,184.07 32,242,169.65 30,647,985.14 50,098,359.77 24,596,109.47 34,819,707.38 27,301,238.85 975,068.77 7,684,965.56 13,256,964.75 11,468,404.84 2,413,436.33 11,574,402.87 16,571,049.32 8,429,175.81 - - - - - - - - 24,774,267.15 10,199,763.24 7,970,403.96 26,035,049.17 - - - - - - - - 260,189,935.35 201,611,137.01 163,650,295.06 150,431,853.81 8,500,000.00 8,500,000.00 12,500,000.00 16,500,000.00 - - - - - - - - - - - - - - - - - - - - - - - - 8,500,000.00 8,500,000.00 12,500,000.00 16,500,000.00 268,689,935.35 210,111,137.01 176,150,295.06 166,931,853.81 69,000,000.00 69,000,000.00 30,000,000.00 30,000,000.00 35,682,383.64 35,682,383.64 22,578,334.40 14,159,945.37 - - - - 2,174,388.91 2,174,388.91 8,205,938.67 5,576,984.36 54,139,715.67 30,788,516.49 51,156,363.99 24,490,344.41 160,996,488.22 137,645,289.04 111,940,637.06 74,227,274.14 - - 6,522,286.97 8,638,765.60 160,996,488.22 137,645,289.04 118,462,924.03 82,866,039.74 429,686,423.57 347,756,426.05 294,613,219.09 249,797,893.55 1 2 40
2 2008 1-6 2007 2006 2005 126,806,391.05 261,483,695.11 247,408,229.15 166,753,478.57 71,784,907.47 160,673,435.92 169,327,360.80 115,205,981.24 1,015,860.84 3,160,973.79 3,891,629.17 1,664,839.41 10,349,336.88 16,938,867.32 12,586,257.40 6,894,979.55 16,194,874.88 24,254,113.62 20,600,047.51 16,350,951.31 3,975,657.54 5,641,043.87 3,267,395.36 2,556,410.87-1,068,419.75 3,635,416.29-1,462,159.67 2,585,911.04 - - - - - -445,781.44-114,854.79-10,000.00 - - -115,023.97-24,554,173.19 46,734,062.86 39,082,843.79 21,484,405.15 3,708,480.63 6,355,830.71 3,171,898.47 1,305,215.69 861,265.09 253,905.35 1,017,270.66 341,578.86 99,525.43 60,140.33 586,257.48 312,387.05 27,401,388.73 52,835,988.22 41,237,471.60 22,448,041.98 4,050,189.55 8,958,077.01 8,926,001.49 4,362,685.82 23,351,199.18 43,877,911.21 32,311,470.11 18,085,356.16 23,351,199.18 43,644,651.98 29,294,973.89 18,138,720.88-233,259.23 3,016,496.22-53,364.72 0.3384 0.6325 0.9765 0.6046 0.3384 0.6325 0.9765 0.6046 1 2 41
3 2008 1-6 2007 2006 2005 126,774,253.92 243,199,216.29 287,579,790.32 178,523,668.55 373,736.88 1,171,863.65 1,432,895.12 436,900.74 35,228,837.93 37,912,615.27 10,575,188.94 10,390,053.33 162,376,828.73 282,283,695.21 299,587,874.38 189,350,622.62 92,008,969.01 152,639,636.97 181,731,904.64 115,437,375.27 24,008,158.83 29,220,452.88 22,391,457.97 19,130,549.43 19,134,901.02 40,975,425.68 21,599,718.12 19,905,539.38 18,387,077.10 28,337,793.74 35,403,324.48 21,775,356.37 153,539,105.96 251,173,309.27 261,126,405.21 176,248,820.45 8,837,722.77 31,110,385.94 38,461,469.17 13,101,802.17 100,000.00 10,000.00 169.18 110,350.00 9,550,815.00 1,344,814.03 6,477,578.00 110,350.00 16,028,393.00 1,444,983.21 10,000.00 44,867,815.20 28,136,155.53 9,840,681.02 14,472,701.64 10,600,000.00 4,167,447.05 919,564.68 44,867,815.20 28,136,155.53 24,608,128.07 15,392,266.32-44,757,465.20-12,107,762.53-23,163,144.86-15,382,266.32 : 72,100,000.00 108,500,000.00 67,100,000.00 27,400,000.00 72,100,000.00 108,500,000.00 67,100,000.00 27,400,000.00 47,500,000.00 55,640,000.00 58,860,000.00 29,034,000.00 4,472,051.05 19,678,585.71 3,005,757.97 2,347,873.52 : 51,972,051.05 75,318,585.71 61,865,757.97 31,381,873.52 20,127,948.95 33,179,665.66 5,234,242.03-3,981,873.52-15,791,793.48 52,182,289.07 20,532,566.34-6,262,337.67 : 88,245,962.71 36,063,673.64 15,531,107.30 21,793,444.97 72,454,169.23 88,245,962.71 36,063,673.64 15,531,107.30 1 2 42
1 2007 2005 2006 2007 2008 1-6 2008 1 72 2008 1-6 2007 2006 2005-8,416.00 2,353,825.55-586,257.48-322,387.05 3,609,436.88 3,147,993.17 2,757,900.00 821,000.00 169.18-753,805.34 154,325.20-17,014.71 455,023.88 2,847,215.54 5,656,143.92 2,154,796.99 953,636.83-456,991.57 1,588,165.09 653,685.25 304,808.48 - -1,740.67 4,705.62-32,998.31 2,390,223.97 4,069,719.50 1,496,406.12 681,826.66 23,351,199.18 43,644,651.98 29,294,973.89 18,138,720.88 20,960,975.21 39,574,932.48 27,798,567.77 17,456,894.22 1 2008 1-6 2007 2006 2005 1.15 1.33 1.10 0.88 0.81 1.07 0.62 0.46 % 59.57 62.09 53.54 59.51 2.31 5.70 7.75 6.70 1.02 2.45 2.38 2.23 7.57 10.92 15.98 10.81 35,025,583.82 70,336,284.4457,575,660.71 35,624,109.98 0.01 0.02 27.80 47.95 / 2.33 1.99 3.73 2.47 1 2 43
/ 0.13 0.45 1.28 0.44 / -0.23 0.76 0.68-0.21 % 0.31 0.57 0.93 0.58 13.02 28.75 24.83 23.52 2005 2006 3,000 2 20079 2008 1-6 6900 14.50% 15.64% 0.3384 0.3384 13.02% 14.04% 0.3038 0.3038 2007 6900 31.71% 33.00% 0.6325 0.6325 28.75% 29.92% 0.5735 0.5735 2006 3000 26.17% 32.96% 0.9765 0.9765 24.83% 31.28% 0.9266 0.9266 2005 3000 24.44% 29.46% 0.6046 0.6046 23.52% 28.35% 0.5819 0.5819 1 2 44
1 2 2008 1-6 2007 2006 2005 126,806,391.05 261,483,695.11 5.69% 247,408,229.15 48.37% 166,753,478.57 24,554,173.19 46,734,062.86 19.58% 39,082,843.79 81.91% 21,484,405.15 27,401,388.73 52,835,988.22 28.13% 41,237,471.60 83.70% 22,448,041.98 23,351,199.18 43,877,911.21 35.80% 32,311,470.11 78.66% 18,085,356.16 1 2 45
23,351,199.18 43,644,651.98 48.98% 29,294,973.89 61.51% 18,138,720.88 20062007 48.37% 5.69% 20062007 78.66% 35.80% 2008 1-6 2008 1-6 2007 2006 2005 79,533,054.81 63.36% 119,012,802.16 47.24% 34.48% 88,497,094.11 37.18% 27.63% 69,339,411.66 44.83% 41,015,589.75 32.67% 71,608,518.15 28.43% 0.34% 71,365,089.26 29.99% 7.73% 66,244,646.58 42.83% 4,916,713.68 3.92% 20,234,317.14 8.03% 199.59% 6,754,037.98 2.84% 175.84% 2,448,549.65 1.58% - - 20,210,287.20 8.02% -20.56% 25,442,215.91 10.69% 270.18% 6,872,931.46 4.44% - - 20,284,126.00 8.05% -53.36% 43,495,268.00 18.28% 361.95% 9,415,579.00 6.09% 69,421.51 0.06% 561,506.23 0.23% -77.01% 2,442,546.11 1.02% 592.48% 352,726.36 0.23% 125,534,779.75 100.00% 251,911,556.88 100.00% 5.85% 237,996,251.37 100.00% 53.87% 154,673,844.71 100.00% 2005 11-1220062007 1 10 200520062007 1 11 20052008 6 89.24% 70.01% 83.70% 99.94% 2006200753.87% 5.85% 30% 2007 10 2007 11 1 2 46
2008 1-6 2007 2006 2005 4,733,473.98 1.88% -69.51% 15,526,581.50 6.52% 364.94% 3,339,492.48 2.16% 13,183,245.44 5.23% 78.24% 7,396,342.81 3.11% -13.54% 8,554,158.72 5.53% 35,275,470.28 14.00% 287.80% 9,096,203.38 3.82% -39.28% 14,980,620.16 9.69% 1,199,170.68 0.48% 58.54% 756,367.33 0.32% -40.23% 1,265,463.10 0.82% 11,825,752.53 4.69% 80.82% 6,540,061.64 2.75% 419.85% 1,258,062.73 0.81% 166,723,900.75 66.18% -7.38% 180,007,819.04 75.63% 58.72% 113,409,793.03 73.32% 10,761,601.12 4.27% 38.23% 7,785,488.27 3.27% 15.36% 6,749,136.54 4.36% 8,208,942.10 3.26% -24.60% 10,887,387.40 4.57% 112.76% 5,117,117.95 3.31% 251,911,556.88 100.00% 5.85% 237,996,251.37 100.00% 53.87% 154,673,844.71 100.00% 1 2 1 2007 2 5 2007 11 16 2007 6,9000.26 1,794 2 2008 1 18 1 2002 1 2 47
6 6 2007 10 55,000 90% 10%100% 2007 12 3111,739.116,466.91 2007 1,484.402008 6 30 18,679.887,191.752008 1-6724.83 2 2006 12 8 600 100% 2007 12 312,127.29582.01 2007-18.142008 6 30 4,806.34508.452008 1-6-73.56 3 2004 6 3 2002004 127 51004020223 100% 2007 12 312,001.621,483.35 2007 615.362008 6 30 2,213.281,628.482008 1-6145.13 4 1 2 48
1999 10 28 348 100% 2007 12 312,939.921,088.35 2007 824.782008 6 30 1,216.791,163.692008 1-675.34 1 2 49
2008 2,300 12 1 2 5,000 16,936 14,533 2,403 1,988 16,936 1,988 [2007]25 [2007]83 [2007]84 18,924 18,924 2008 6 304,347.241,092.17 1,290.66 200 581.31 633550.1 2008 6 305,000 1 2 50
14,000 800 1 2008 1 22008 1 18 2008 [2007]25[2007]83 2 1 2006 53,244 32.54% 10 GDP GDP 1 2 51
20 2006 29.64% 23.90% 2 2003 2006 30% 2005 150 9 3 330 15 5 2005 20 1 2 52
30% 2010 79.87 1 2008 1 22008 1 18 2008 [2007]84 2 2000204 10 1 2 53
1 1 2 54
2008 6 30 47,131,706.29 26,261,254.51 55.72% 99.16% 65.48% 100% 2 2005200620072008 6 5,5906,41411,70013,900 3 20052007 23.52% 24.83% 28.75%2008 5,000 1 2 55
1 2 56
/ 0813 2629228 0813 2629229 95 028 86690037 86692803 028 86690020 6-9 C 18 010-66090088 010-66090016 18 22 1 15 010-82250666 010-82250851 010-68364873 010-68348135 - - - - 1 2008 8292008 91 2008 93 2 2008 95 3 2008 952008 98 4 2008 98 5 2008 98 6 1 2 57
9 00 11 302 00 5 00 0813 2629228 0813 2629229 95 028 86690037 86692803 028 86690020 1 2 58