600600 2005
2005...3...3...4...6...8...13...16...16...21...21...24...67 2
1 2 Stephen J.Burrows 3 4 1 Tsingtao Brewery Company Limited 2 3 0532-85776071 0532-85713240 E-mailsecretary@tsingtao.com.cn 0532-85713831 0532-85713240 E-mailsecretary@tsingtao.com.cn 4 56 266071 www.tsingtao.com.cn info@tsingtao.com.cn 5 The Standard www.sse.com.cn 6 A A A 600600 H H H 0168 7 1993 6 16 3
2005 12 6 004268 370202163615667 202 11 22 : : 528,327,667 303,958,060 246,894,036 3,041,138,307 39,738,756 632,868,620-39,030,265 74,859,478-140,370,166 1,180,576,235-70,558,437 : : 303,958 279,724 4,941,430 3,586,682 0 0 141,253 141,253-11,480-11,480-140,887-129,407 15,140-6,833-49,332-64,472 8,248 4,331 0 0 557-3,646-5,090-5,647 9,764 23,102 0 1,228,787 4
0 0 91,683 0-10,802 0-10,802 0-9,121 0-9,121 0 325-35 -2,744-3,068 306,589 285,163 4,956,390 4,754,128 : : 13,344,999 74,859,478-3,447,326 777,668-28,470,795 57,064,024 : : 2005 2004 2003 (% 10,019,857,127 8,620,687,766 16.23 7,507,959,058 528,327,667 472,551,450 11.80 426,212,188 303,958,060 279,724,219 8.66 253,871,661 246,894,036 268,603,806-8.08 220,981,408 0.2323 0.2639-11.97 0.2395 % 6.15 7.80 1.65 2.49 5.00 7.49 % 6.29 % 1,180,576,235 1,294,397,575-8.79 529,894,751 0.90 1.22-26.23 1.07 2005 2004 2003 (% 9,589,116,733 9,878,004,821-2.92 9,002,202,662 4,941,429,679 3,586,682,183 37.77 3,513,902,521 3.78 3.38 11.83 3.32 3.75 3.33 12.61 3.24 : : 1,060,000,000 1,803,507,053 276,288,966 222,493,902 223,865,647 3,586,682,183 248,219,178 998,579,933 52,857,996 47,429,577 303,958,060 1,651,267,946 7.22 5
296,520,450 296,520,450 1,308,219,178 2,802,086,986 329,146,962 269,923,479 231,303,257 4,941,429,679 1 A-B 248,219,178 2 A-B 3 4 5 1 : (% (% 1 453,150,000 42.7 453,150,000 34.7 399,820,000 37.7 399,820,000 30.6 53,330,000 5.0 53,330,000 4.1 2 3 4 453,150,000 42.7 453,150,000 34.7 1 200,000,000 18.9 200,000,000 15.3 2 3 406,850,000 38.4 248,219,178 248,219,178 655,069,178 50 4 606,850,000 57.3 248,219,178 248,219,178 855,069,178 65.3 1,060,000,000 100 248,219,178 248,219,178 1,308,219,178 100 (1 A-B A-B 14.16 2005 4 11 A-B Law Debenture Trust( Asia Limited 248,219,178 H 1,308,219,178 2005 9 28 (2 6
2 (1 2003 7 2 A-B 28,080 6,000 H 4.68 2005 4 11 A-B 1,135,395,342 248,219,178 H 4.68 4.45 (2 A-B 1,308,219,178 1,308,219,178 30.6% 4.1% 15.3% 50% (3 1 50,852 : (% 30.6 399,820,000 0 399,820,000 ( 22.5 294,713,373 246,993 A-B JADE HONGKONG HOLDING CO.,LTD. 20.0 261,643,836 156,643,836 Law Debenture Trust( Asia Limited 7.0 91,575,342 91,575,342 2.2 29,250,000 29,250,000 1.5 19,080,000 19,080,000 0.7 9,128,578 0.7 8,953,602 0.7 8,912,255 0.5 6,990,197 ( 294,713,373 A-B JADE HONGKONG HOLDING CO.,LTD. A-B 261,643,836 Law Debenture Trust( Asia Limited 91,575,342 9,128,578 7
8,953,602 8,912,255 6,990,197 - -merrill lynch international 5,900,116 5,897,016 5,199,062 A-B A-B 261,643,836 H 91,575,342 H A-B 2 1 2 3 : : Stephen ( ( 2005-66 06-23 2005-49 06-23 2008-06-23 0 0 0 28.39 2008-06-23 0 0 0 33.67 54 2005-2008- 0 0 0 3 8
J.Burrows 06-23 06-23 2005-2008- 49 06-23 06-23 1,561 1,561 0 29.01 2005-2008- 49 06-23 06-23 5,000 5,000 0 26.42 2005-2008- 51 06-23 06-23 0 0 0 26.42 Mark 2005-2008- 50 F.Schumm 06-23 06-23 0 0 0 3 2005-2008- 57 06-23 06-23 0 0 0 5 2005-2008- 56 06-23 06-23 0 0 0 5 2005-2008- 49 06-23 06-23 0 0 0 5 2005-2008- 43 06-23 06-23 0 0 0 5 56 2005-2008- 06-23 06-23 0 0 0 0 2005-2008- 43 06-23 06-23 0 0 0 13.32 2005-2008- 40 06-23 06-23 8,000 8,000 0 10.94 2005-2008- 42 06-23 06-23 0 0 0 8.85 43 2005-2008- 06-23 06-23 0 0 0 3 2005-2008- 57 06-23 06-23 0 0 0 3 2005-2008- 54 06-23 06-23 0 0 0 3 2005-2008- 38 06-23 06-23 0 0 0 3 2005-2008- 46 06-23 06-23 3,882 3,882 0 26.42 2005-2008- 41 06-23 06-23 0 0 0 21 2005-2008- 51 06-23 06-23 1,000 1,000 0 26.42 2005-2008- 54 06-23 06-23 2,000 2,000 0 21 2005-2008- 49 06-23 06-23 0 0 0 23.82 2005-2008- 48 06-23 06-23 0 0 0 21 50 2005-2008- 06-23 06-23 0 0 0 11.65 / / / / / 21,443 21,443 0 / 366.33 5 (1 (2 EMBA 1975 1994 1996 10 2000 8 2001 8 9
(3 Stephen J.Burrows A-B Lindenwood A-B A-B (4 A-B (5 (6 2005 2 CFO (7 Mark F.Schumm - 20 A-B (8 EMBA (9 40 (10 20-10
11 (11 19 (12 1999 (13 (14 (15 20 (16 - (17 (18 (19 (20 (21 EMBA (22
(23 (24 EMBA (25 EMBA (26 2005 " " - - - 2000-12-28 2002-09-02 2002-06-26 1 12
2005 6 23 2004 27,085 2,933 1 3,859 658 2,154 3,745 16,669 2 39.83% 13
A-B 12 13 1/2 14
3 1 2 2 ---------------------------------------------------------------------------------------------------------------- 3 2 1 3 3 1 1 1 2 2 1 0 0 0 3 2 2 2 2 2 4 3 1 3 --------------------------------------------------------------------------------------------------------------- 4 4 2 3 0 4 3 3 4 3 0 4 3 1 3 3 2 1 2 3 1 1 3 3 3 3 1 3 15
10 10 H 2005 6 2004 16
2005 1 7 4 3 0 4 2 2 0 4 2 2 0 4 2 2 0 3 3 0 0 3 2 1 0 3 1 2 0 2005 2 2005 6 23 2004 2006 6 24 2005 6 23 2004 1,163,565,814 88.94% 2004 2004 2004 2004 2005 17
5 1 2005 3000 3061 5.2 2004 61 2004 6 2005 408 10% 100.19 16 3.04 9 199.91 2005 6 2008 2005 133 14 66% 7 40 18
10 5 2005 5 2 2006 A-B 2006 440 150 1 : : % (% 1,001,985.71 594,410.10 30.35 16.23 16.23 0.68 1,001,985.71 594,410.10 30.35 16.23 16.23 0.68 2005 2 : : ( 3,403,511,674 27.84 1,386,302,486 17.61 2,485,144,407 13.89 3,248,677,479 16.01 266,750,952-13.50 10,790,386,998 18.16-770,529,871 -- 10,019,857,127 16.23 19
1 3,041,138,307 575.62% 2,675,526,449 566.19% 13.67% 39,738,756 7.52% 30,614,583 6.48% 29.80% -39,030,265-7.39% -42,033,534-8.90% -7.14% -140,370,166-26.57% -96,481,518-20.42% 45.49% 74,859,478 14.17% 75,586,211 16.00% -0.96% 2005 16.23% 2 9,589,116,733 9,878,004,821-288,888,088-2.92% 161,479,212 1,422,767,991-1,261,288,779-88.65% 4,941,429,679 3,586,682,183 1,354,747,496 37.77% 3,041,138,307 2,675,526,449 365,611,858 13.67% 303,958,060 279,724,219 24,233,841 8.66% ; A-B 3 2005 2004 1,180,576,235 1,294,397,575-9% -424,910,526-307,043,963-823,122,563-509,549,512-70,558,437 477,989,897-115% 4 525,306,697 8.30% 934,382,915 9.33% 20
5 222,200,000.00 864,077,947.45 71,082,264.64 USD30,000,000 619,411,522.42 63,435,656.94 60,000,000.00 342,368,669.14 54,737,528.09 1,500,000 174,439,411 99.14 (% 2005 4 ( ( 30 2,250,000 1,250,000 1,500,000 5,000,000 10,000,000 2005 7 1 A 2 1 1 2005 2 3 2005 2 2005 4 11 2005 4 12 3 2005 4 28 2005 4 29 4 2005 6 23 2005 6 24 5 2005 8 19 2005 8 22 6 2005 10 27 2005 10 28 21
2 1 2004 0.15 A 2005 7 30 2 2005 9 9 28 OO 302,299,483.76 348,500,754.00 302,299,483.76 174,390,371.35 476,689,855.11 348,500,754.00 269,024,587.00 617,525,341.00 1 10% 30,229,948.38 2 10% 30,229,948.38 3 OO 416,229,958.35 OO 0.16 2005 6 2004 2004 2005 30 2005 22
2005 A A 2001 2005 11 21 2485 2004 659 2005 10 13 95% 5 1 : : A-B 121,053,000 121,053,000 23
2 80% : : 2005 7 15 2,400 1 2,400 2,400 53,907 53,907 56,307 (% 11 0 70 3,242 50 0 3,242 2005 12 31 41802 70% 3242 1500 12105 40% 2400 272,966 24
-- 1 105 1 1 460 1 2005 1 4 2005 565 25
2005
2005 1-2 3 4 5-6 7-45
200021 202 11 +86 (21 6123 8888 +86 (21 6123 8800 (20061475 ( ( 2005 12 31 2005 2005 12 31 2005 2006 4 3
2005 12 31 ( 2005 12 31 ( 2004 12 31 2005 12 31 2004 12 31 (1 1,265,861,113 1,362,553,132 478,089,509 557,408,875 - - 2,326,014,578 2,179,807,438 (2 75,213,207 98,594,467 2,500,000 30,406,000 (3,(1 105,068,080 159,419,396 87,166,190 165,137,895 (4,(2 191,898,018 236,917,331 186,027,588 187,893,539 (5 123,445,949 215,029,032 1,708,074 4,459,366 (6 1,420,474,304 1,382,831,371 225,223,454 221,432,578 (7 11,928,440 14,306,678 5,835,258 5,732,939 3,193,889,111 3,469,651,407 3,312,564,651 3,352,278,630 (8,(3 80,989,965 91,419,956 1,828,503,204 1,875,589,223 50,251,191 (8,955,862 - - - 10,326,986,065 9,659,648,539 1,990,619,896 2,053,654,554 (4,648,657,835 (4,051,735,548 (1,094,084,282 (1,089,829,206-5,678,328,230 5,607,912,991 896,535,614 963,825,348 (274,410,778 (144,503,099 (16,345,609 (12,016,504 - (9 5,403,917,452 5,463,409,892 880,190,005 951,808,844 (10 111,884,585 67,479,186 55,587,543 27,380,326 (9 238,096 562,155 - - 5,516,040,133 5,531,451,233 935,777,548 979,189,170 (11 750,395,329 742,522,683 144,714,564 146,466,922 (12 4,309,385 5,445,014 1,776,800 2,178,000 (3 25,892,810 35,892,810 25,892,810 35,892,810 780,597,524 783,860,507 172,384,174 184,537,732 (a 17,600,000 1,621,718 17,600,000-9,589,116,733 9,878,004,821 6,266,829,577 6,391,594,755-1 -
( 2005 12 31 ( 2005 12 31 ( 2004 12 31 2005 12 31 2004 12 31 (13 949,171,250 1,355,191,925 645,616,000 827,650,000 (14 345,844,178 442,923,686 71,800,000 103,197,863 (15 710,997,235 659,060,773 136,719,450 108,443,037 (16 219,004,515 150,565,481 82,450,639 57,879,242 28,537,809 20,145,690 - - 48,077,226 41,347,199 2,166,001 61,676 (17 12,220,968 2,100,000 2,924,318 2,100,000 (18 304,145,561 378,591,116 70,394,038 111,912,407 (19 9,911,875 9,025,268 4,975,331 4,380,388 (20 939,670,520 978,840,835 139,990,344 199,587,452 (21 280,265,540 177,808,162 134,230,468 101,876,674 (22-27,000,000-27,000,000 (23 6,550,713 24,442,114 4,344,000 19,234,000-5,907,185-5,907,185 3,854,397,390 4,272,949,434 1,295,610,589 1,569,229,924 (23 21,786,386 66,301,848 - - - 1,207,720,025-1,207,720,025 (6 139,692,826 148,746,118 3,708,462-161,479,212 1,422,767,991 3,708,462 1,207,720,025 4,015,876,602 5,695,717,425 1,299,319,051 2,776,949,949 631,810,452 595,605,213 - - (24 1,308,219,178 1,060,000,000 1,308,219,178 1,060,000,000 (25 2,802,086,986 1,803,507,053 2,853,566,374 1,854,986,441 (26 599,070,441 498,782,868 389,495,014 329,035,117 269,923,479 222,493,902 180,112,896 149,882,948 (27 231,303,257 223,865,647 416,229,960 370,623,248 749,817 526,615 - - 4,941,429,679 3,586,682,183 4,967,510,526 3,614,644,806 9,589,116,733 9,878,004,821 6,266,829,577 6,391,594,755-2 -
2005 ( 2005 ( 2004 2005 2004 28, (4 10,019,857,127 8,620,687,766 3,526,569,405 2,865,011,634 : 28, (4 (5,944,101,007 (5,027,430,020 (1,985,199,659 (1,600,495,475 29 (1,034,617,813 (917,731,297 (180,933,599 (163,471,978 3,041,138,307 2,675,526,449 1,360,436,147 1,101,044,181 : 30 39,738,756 30,614,583 11,890,355 1,875,378 : (1,654,862,652 (1,423,952,879 (635,327,617 (491,360,367 (773,167,427 (697,983,254 (195,237,264 (193,405,933-31 (19,978,364 (48,724,608 (5,350,795 (25,666,580 632,868,620 535,480,291 536,410,826 392,486,679 : ( /32, (5 (39,030,265 (42,033,534 (136,750,210 7,525,128 : 33 74,859,478 75,586,211 - - 34 20,412,757 22,999,671 4,099,488 1,050,363 : 34 (160,782,923 (119,481,189 (19,851,218 (45,309,239 528,327,667 472,551,450 383,908,886 355,752,931 : (a (188,864,677 (170,897,458 (81,609,401 (77,040,250 (35,504,930 (21,929,773 - - 303,958,060 279,724,219 302,299,485 278,712,681 2005 2004 2005 2004 1. ( / 8,722,398 (3,114,380 7,094,190 3,113,692 2. - - - - 3. - - - - 4. - - - - 5. - - - - 6. - - - - - 3 -
2005 ( 2005 2004 2005 2004 303,958,060 279,724,219 302,299,485 278,712,681 27 223,865,647 259,760,239 370,623,248 359,653,103 527,823,707 539,484,458 672,922,733 638,365,784 27 (52,857,996 (58,103,581 (30,229,948 (27,871,268 27 (47,429,577 (45,515,230 (30,229,948 (27,871,268 427,536,134 435,865,647 612,462,837 582,623,248 27 (196,232,877 (212,000,000 (196,232,877 (212,000,000 27 231,303,257 223,865,647 416,229,960 370,623,248-4 -
2005 ( 11,495,908,577 4,253,990,008 74,159,286-893,679,317 80,119,533 12,463,747,180 4,334,109,541 (6,327,211,974 (2,295,420,572 (710,288,526 (150,835,362 (2,218,891,414 (623,818,283 35 (2,026,779,031 (589,037,490 (11,283,170,945 (3,659,111,707 1,180,576,235 674,997,834 20,249,309 2,151,450,001 9,245,012 133,443,758 43,306,891 13,425,640 4,322,709 2,180,000 77,123,921 2,300,499,399 (317,275,172 (88,186,803 (176,232,315 (2,583,380,000 36 (174,732,315 - (8,526,960 - (502,034,447 (2,671,566,803 (424,910,526 (371,067,404 250,000-916,720,180 8,674,000 39,744,863 39,744,863 22,621,052-979,336,095 48,418,863 (1,484,290,173 (185,288,000 (294,396,715 (239,143,016 (39,176,885 - (23,771,770 (6,128,864 (1,802,458,658 (430,559,880 (823,122,563 (382,141,017 (3,101,583 (1,108,779 1 (70,558,437 (79,319,366-5 -
2005 ( ( 1. 303,958,060 302,299,485 35,504,930-189,736,824 13,507,858 546,940,473 99,197,832 35,493,809 5,366,819 1,764,902 401,200 /( 3,079,034 (102,319 93,937,252 32,353,794 (4,596,425 (1,415,242 31,097,193 7,892,294 37,049,265 135,130,210 (15,978,282 (17,600,000 (29,238,755 (3,790,876 222,958,230 146,248,682 (271,130,275 (44,491,903 1,180,576,235 674,997,834 2. 1,245,181,086 478,089,509 (1,315,739,523 (557,408,875 (70,558,437 (79,319,366-6 -
2005 ( ( 1993 6 16 ( 1995 12 27 H 1993 7 15 A 1993 8 27 2005 4 12 Anheuser-Busch Companies, Inc. (A-B 4.68 4.45 248,219,178 H 1,213,627,210 965,408,032 A-B 990,331,953 1,060,000,000 1,308,219,178 [2005] 2-103 ( (1 (2 1 1 12 31 (3 (4 (5-7 -
2005 ( ( (6 (7 (8 (9 (a 0% 5% 50% 100% (b (c - 8 -
2005 ( ( (10 (11 ( (a 50% 20% 50% 2003 3 17 10 2003 3 17 10-9 -
2005 ( ( (11 ( (b (12 2001 1 1 20-40 3% 2.4% - 4.9% ( 14(a 50 0% 2% 5-14 3% 6.9% - 19.4% 5-12 3% 8.1% - 19.4% 5-10 3% 9.7% - 19.4% - 10 -
2005 ( ( (12 ( (13 (14 (a 50 2001 1 1 (b 1993 6 16 40 5 10 (c - 11 -
2005 ( ( (14 ( (d 10 (e (15 ( (16 (17 / - 12 -
2005 ( ( (18 (19 (20 (21 (a (b (22 (23-13 -
2005 ( ( (24 (199511 15-33% 17% 17% 3,000 / 250 / 3,000 / 220 / (a 2005 2004 (1 205,135,720 170,884,665 (2 1,328,957 1,634,511 (3 (17,600,000 (1,621,718 188,864,677 170,897,458 (1 1994 4 18 15% 1997 3 23-14 -
2005 ( (a ( ( (1 ( ( ( ( 16.5%7.5% ( ( ( ( ( ( ( ( ( ( 15% 33% (2 17.5% (3 2006 2010 476,000,000 (2004 311,000,000 178,745,000 (2004 135,844,000 (b 17% 13% (c ( 3,000 250 220-15 -
2005 ( ( (% ( ( (e 20,000 190,000,000 95% - ( ( (d 6,000 61,272,851-72.83% ( ( 4,134 54,408,671-71.25% ( 7,000 59,471,148-84.36% ( ( 500 12,536,286-90.25% ( ( 500 9,735,846-90.25% 3,000 126,746,680 51% - ( (e 2,000 19,000,000 95% - ( (a(i 73,000 276,336,000-71.25% ( 10,000 95,035,102 95% - 300 2,565,000-94.05% 100 665,000-93.88% ( ( 5,000 45,235,152-90.25% ( 2,000 19,181,422-85.50% ( ( 500 6,191,339-90.25% ( 3,664 287,233,335 75% - ( ( 6,061 60,748,122 99% - ( ( 500 7,372,131 70% - ( 1,000 9,836,412 95% - ( 3,934 27,462,801 66% - ( 500 20,744,001 90% - ( 4,500 41,452,447 85% - ( ( 1,500 18,547,503 95% - ( 500 5,854,522-86.20% ( 2,890 37,561,561 29% 25.00% ( 86,200 112,304,883 38% 25.00% ( ( 2,683 78,344,465 75% 25.00% ( 2,000 14,460,000-72.30% ( (f 22,220 172,905,951 76% - 5,000 14,420,490 28% 54.79% ( ( (f 17,442 65,010,000 50% 5.06% 3,610 19,775,580-54.90% ( 5,000 30,000,000 60% - ( ( 2,000 48,826,291 95% - ( 2,000 19,000,000 95% - ( 2,200 82,770,378 95% - ( 3,750 30,000,000 80% - ( ( 2,000 65,103,434 70% - 1,100 10,750,000 98% - ( ( 3,461 37,625,391 94% - 132 1,320,000 100% - ( ( 500 18,116,959 90% - ( 1,000 20,392,000 95% - ( ( 1,000 16,998,522 90% - ( 700 6,808,575 95% - ( ( 1,000 2,592,967-90.25% ( ( 50 533,881 100% - ( 2,941 15,000,000-50.23% ( ( (d 1,000 30,235,355-85.82% ( ( 11,111 105,554,500 95% - ( 500 17,394,600 75% - ( 1,000 12,193,668 95% - 2,998 27,356,750 80% 10.84% 1,000 9,925,000 85% 14.25% ( 1,664 16,635,592 50% 46.90% ( 50 437,500-90.00% ( 500 4,895,000 10% 85.50% 100 855,000-94.05% 300 1,710,000-76.10% 200 1,960,000 60% 38.00% ( 2,400 8,550,000-85.50% ( 680 2,463,319-48.45% ( (c 600 950,000 95% - 100 469,680-94.47% ( 200 1,460,000-90.30% ( 9,000 90,000,000 75% 25.00% ( 100 800,000-95.00% 1,000 5,500,000-53.75% ( ( 6,800 66,980,000 70% 28.50% 500 4,190,000-83.80% ( ( 3,888 26,355,000 90% - ( ( (b 500 1,017,142 20% - (a(ii 30 273,750-91.25% (a(ii 30 256,500-85.5% (a(ii 60 330,000-55% (b(a(ii 100 162,743-16% (a(ii 52 517,000-80% - 16 -
2005 ( (a (i (ii (b (c (d (e (f (g (h ( / 2004 5 ( ( 200,880,000 45% 2005 2 30% 28.5% 71.25% 2004 10% ( 2003 1 2004 12 80% 2005 7 4,750,000 250,000 1,000,000 6,000,000 2005 8 2005 6 2005 12 23 2005 10 200,000,000 220,000,000 50,926,000 50 2005 9 ( ( ( ( 95% 1 3,000,000 2005 10 ( 32 2005 10 ( ( - 17 -
2005 ( ( (% 500,000 2,077,625 50% - ( 2,000,000 600,000 30% - ( 90,000,000 33,768,000-37.52% ( 10,000,000 3,000,000 30% - ( (a 100,000-40% - 250,000 122,500 49% - (a 2005 4 ( ( 2,250,000 1,250,000 1,500,000 5,000,000 10,000,000 2005 7 (1 2005 12 31 2004 12 31 913,257 1,037,195 1,239,118,124 1,329,290,329 25,829,732 32,225,608 1,265,861,113 1,362,553,132 2005 12 31 5,447,570 8.0679 43,950,587 122,900 1.0406 127,895 44,078,482-18 -
2005 ( ( (1 ( 2005 12 31 1,265,861,113 (17,569,732 (3,110,295 2005 12 31 1,245,181,086 2004 12 31 (1,315,739,523 (70,558,437 (2 2005 12 31 2004 12 31 35,365,654-39,847,553 98,594,467 75,213,207 98,594,467 2005 12 31 2005 12 31 (3 (a 2005 12 31 2004 12 31 352,899,469 404,046,820 (247,831,389 (244,627,424 105,068,080 159,419,396 2005 12 31 2004 12 31 (% (% 89,547,184 25.37% (2,074,917 139,701,518 34.58% (4,149,981 33,873,660 9.60% (31,685,446 38,204,721 9.46% (32,031,238 46,123,812 13.07% (45,716,213 57,831,200 14.31% (56,077,894 183,354,813 51.96% (168,354,813 168,309,381 41.65% (152,368,311 352,899,469 100.00% (247,831,389 404,046,820 100.00% (244,627,424-19 -
2005 ( ( (3 ( (a ( 2005 12 31 5% (5% 2005 12 31 117,035,000 (2004 144,351,000 30.84%(2004 35.73% (b 2001 ( ( ( 105,000,000 ( 2002 1 1 8 2005 12 31 42,439,000 (2004 32,439,000 21,668,190 ( 15,000,000 25,892,810 (4 2005 12 31 2004 12 31 259,689,477 309,695,727 (67,791,459 (72,778,396 191,898,018 236,917,331 2005 12 31 2004 12 31 (% (% 154,473,982 59.48% (968,620 174,738,794 56.42% (1,988,657 32,602,201 12.55% (2,975,277 62,418,846 20.15% (8,592,680 16,731,166 6.44% (10,212,420 11,593,093 3.74% (9,805,876 55,882,128 21.53% (53,635,142 60,944,994 19.69% (52,391,183 259,689,477 100.00% (67,791,459 309,695,727 100.00% (72,778,396 2005 12 31 5% (5% 2005 778,000 2005 12 31 28,717,000 (2004 44,983,000 11.54%(2004 14.53% - 20 -
2005 ( ( (5 2005 12 31 2004 12 31 (% (% 1 121,904,653 98.75% 202,265,035 94.06% 1 2 534,420 0.43% 11,374,548 5.29% 2 3 19,053 0.01% 491,968 0.23% 3 987,823 0.81% 897,481 0.42% 123,445,949 100.00% 215,029,032 100.00% 2005 12 31 5%(5% (6 2004 12 31 2005 12 31 447,107,748 421,539,668 484,828,875 542,884,400 213,844,368 193,077,754 1,666,500 12,668,041 162,750,184 177,770,174 114,277,840 128,873,210 1,424,475,515 1,476,813,247 (5,213,064 (3,758,224 716,238 (8,255,050 (25,739,575 (22,956,955 8,089,489 (40,607,041 (10,691,505 (983,351 4,198,004 (7,476,852 (41,644,144 (27,698,530 13,003,731 (56,338,943 1,382,831,371 1,420,474,304 2005 5,968,000,000 (2004 5,124,000,000-21 -
2005 ( ( (7 2004 12 31 2005 12 31 8,444,297 396, 16,681,905 (17,319,310 8,203,396 9,375 3,837,337 (3,753,747 92,965 1,110,177 5,529,165 (5,493,138 1,146,204 4,742,829 2,626,22 51,777,326 (56,660,505 2,485,875 14,306,678 3,022,72 77,825,733 (83,226,700 11,928,440 (8 2004 2005 12 31 12 31 ( (a(ii 2,267,132 - (2,267,132 - (a 89,090,416 1,500,000 (66,333,957 24,256,459 (b (8,955,862 107,934,427 (48,727,374 50,251,191 (c 24,964,488 - (554,955 24,409,533 107,366,174 109,434,427 (117,883,418 98,917,183 (c (15,946,218 (1,981,000 - (17,927,218 91,419,956 107,453,427 (117,883,418 80,989,965-22 -
2005 ( ( (8 ( (a 2004 2005 2004 12 31 12 31 12 31 2005 /( 12 31 50% 50% 2,077,625 - - 2,077,625 - - - 2,077,625 30% 30% 600,000-191,413 695,297-96,116-791,413 37.52% 37.52% 36,000,000 - (20,882,206 19,028,695 - (3,910,901-15,117,794 ( (a(i 28.5% - 83,657,055 - (21,358,816 63,742,902 - (1,444,663 (62,298,239-30% 30% 1,500,000 1,500,000 1,357,509 1,633,779 1,500,000 1,223,730-4,357,509 1,822,046-90,072 1,912,118 - - - 1,912,118 125,656,726 1,500,000 (40,602,028 89,090,416 1,500,000 (4,035,718 (62,298,239 24,256,459-23 -
2005 ( ( (8 ( (b 2004 12 31 2005 12 31 (i 116,680,359 10 (10,690,326 7,944,222 107,934,427 (9,888,616-105,990,033 64,192,777 10 (24,301,319 46,310,736 - (6,419,278-39,891,458 46,545,278 10 (7,704,062 45,552,191 - (6,710,975 37,531,385 1,309,831 49,285,564 10 (23,185,380 31,214,191 - (5,114,007 (6,119,885 19,980,299 15,669,911 10 (1,954,989 15,278,163 - (1,563,241-13,714,922 6,850,148 10 (1,027,523 6,507,640 - (685,015-5,822,625 5,620,466 10 (2,295,024 3,887,489 - (562,047 (3,325,442 - (133,483,335 10 67,946,695 (78,884,974-13,348,334 - (65,536,640 (54,539,713 10 25,451,865 (34,541,819-5,453,971 - (29,087,848 (29,432,291 10 24,800,982 (7,574,538-2,943,229 - (4,631,309 (6,070,368 10 2,623,482 (4,053,923-607,037 - (3,446,886 (9,475,249 10 6,103,564 (4,319,210-947,525 - (3,371,685 (13,611,443 10 11,390,947 (3,581,640-1,361,144 - (2,220,496 (6,738,922 10 4,908,296 (2,504,518-673,892 - (1,830,626 (6,264,970 10 4,356,112 (2,535,355-626,497 - (1,908,858 (77,245,734 10 52,822,105 (27,654,517-3,230,888 - (24,423,629 (32,017,522 129,245,425 (8,955,862 107,934,427 (1,750,662 (46,976,712 50,251,191 (i (a(i 71.25% (36 (ii 2005 10 31 (c 7,000,000 17.5% (7,000,000 *** 4,884,300 60% (4,884,300 3,610,000 - (3,610,000 3,985,261 25% - 4,929,974 (2,432,918 24,409,535 (17,927,218 *** - 24 -
2005 ( ( (9 2004 12 31 3,054,372,530 5,936,452,775 387,732,517 281,090,717 9,659,648,539 116,353,298 672,003,621 5,202,147 3,712,072 797,271,138 / (26,412,239 (52,822,100 (3,267,841 (763,332 (83,265,512 29,607,456 97,848,700 1,736,634 5,713,422 134,906,212 27,684,989 46,223,185 27,714,512 34,153,087 135,775,773 (30,049,604 (225,400,090 (26,271,821 (35,628,570 (317,350,085 2005 12 31 3,171,556,430 6,474,306,091 392,846,148 288,277,396 10,326,986,065 2004 12 31 828,276,023 2,878,364,161 188,856,255 156,239,109 4,051,735,548 18,828,420 281,538,670 3,782,016 3,248,601 307,397,707 / (7,373,214 (35,279,064 (1,547,554 (479,440 (44,679,272 76,975,138 384,362,637 40,840,844 44,761,854 546,940,473 (10,890,954 (158,653,697 (26,341,157 (16,850,813 (212,736,621 2005 12 31 905,815,413 3,350,332,707 205,590,404 186,919,311 4,648,657,835 2004 12 31 16,893,314 119,488,744 8,121,041-144,503,099-31,119,926 2,810-31,122,736 / (6,866,073 (2,123,378 (231,863 - (9,221,314 2,923,617 124,756,186 14,643,308-142,323,111 - (196,133 (581,535 - (777,668 (74,180 (31,872,483 (1,592,523 - (33,539,186 2005 12 31 12,876,678 241,172,862 20,361,238-274,410,778 2005 12 31 2,252,864,339 2,882,800,522 166,894,506 101,358,085 5,403,917,452 2004 12 31 2,209,203,193 2,938,599,870 190,755,221 124,851,608 5,463,409,892 2005 12 31 12,500,000 10,000,000 (2004 239,430,000 147,500,000 2005 12 31 310,204,000 (11 1,836,000 ( 238,000-25 -
2005 ( ( (10 2004 2005 12 31 12 31 63,900,000 6,884,809 12,458,526 (12,167,405 (2,015,773 5,160,157 30% 21,063,000 2,521,305 37,139,218 (7,701,785-31,958,738 188% 2,183,000-2,031,310 (2,031,310 - - 93% - 17,441,647 - - - 17,441,647 58,810,000 1,232,118 3,136,543 (2,216,527 (10,000 2,142,134 7% 416,000 415,580 346,650 - (762,230-100% 28,495,459 55,112,247 (24,117,027 (2,788,003 56,702,676 32,524,000 15,199,988 48,638,092 (30,538,439 (263,011 33,036,630 196% 36,200,000 10,000 54,674 (54,674 (10,000 - - - - 186,142 (75,830 (110,312 - - 31,000,000 1,605,760 3,632,041 (5,084,582-153,219 17% 5,834,000 100,447 775,390 (818,332 (57,505-15% 44,023,000 20,437 1,957,238 (1,972,175-5,500 4% 14,129,000 3,161,931 1,584,061 (3,932,747 (616,901 196,344 34% 4,530,530 1,457,283 1,511,958 (2,656,028 (6,776 306,437 66% - - 230,770 (230,770 - - - - - 1,740,469 (808,811 (13,004 918,654-3,711,000 992,511 645,397 (1,562,382 (4,126 71,400 44% 5,253,000 140,126 1,606,070 (593,134-1,153,062 33% 1,707,000 1,215,428 581,362 (1,620,025 (59,240 117,525 105% 6,619,000 524,406 528,152 (782,034-270,524 16% 7,865,000 877,026 3,577,518 (2,987,607-1,466,937 57% - - 459,458 (459,458 - - - - - 4,587,627 (501,527 (3,665,418 420,682-33,300,000 6,085,784 26,629,676 (32,715,460 - - 98% 38,487,000 6,697,416 13,300,334 (3,639,449 (97,700 16,260,601 52% 6,130,000 358,875 7,165,272 (3,936,752 (2,985,276 602,119 123% - - 3,158,887 (2,965,623 (193,264 - - 6,276,000 99,805 2,408,413 (1,558,391 (921,327 28,500 40% 69,924,000 1,551,637 11,959,095 (11,294,955 (926,869 1,288,908 19% 40,098,860 (110,789,185 136,918,096 (9,930,729 56,297,042 68,594,319 192,030,343 (134,906,212 (12,718,732 112,999,718 (1,115,133 - - - (1,115,133 67,479,186 192,030,343 (134,906,212 (12,718,732 111,884,585 2005 (2004-26 -
2005 ( ( (11 2004 / 2005 12 31 12 31 765,790,613 614,100,074 40,584,273 1,620,630 (5,031,947 (23,786,081 (556,482 626,930,467 (138,860,146 40-50 163,600,882 94,071,622 2,250,000 - - (7,451,242-88,870,380 (74,730,502 2-30 68,368,199 8,049,766 - - - (1,862,910-6,186,856 (62,181,343 4-5 38,760,248 26,301,221-4,499,981 - (2,393,576-28,407,626 (10,352,622 0-8 1,036,519,942 742,522,683 42,834,273 6,120,611 (5,031,947 (35,493,809 (556,482 750,395,329 (286,124,613 2005 12 31 (2004 36,140,000 (2004 12 31 318,000,000 2005 12 31 28,479,000 (2004 35,072,000 2005 12 31 21,130,000 (2004 21,885,000 2005 12 31 (12 12 31 2004 / 2005 12 31 ( 3,000,000 1,925,000 - - (300,000-1,625,000 (1,375,000 5.4 1,570,681 550,955 - - (136,978 (413,977 - (1,570,681 0 2,673,493 921,552-392,368 (336,032-977,888 (1,695,605 2-3 2,000,000 233,298 - - (233,298 - - (2,000,000 0 1,977,047 1,186,228 - - (395,410-790,818 (1,186,229 2 3,506,613 627,981 649,132 1,750 (363,184-915,679 (2,590,934 0-9 14,727,834 5,445,014 649,132 394,118 (1,764,902 (413,977 4,309,385 (10,418,449 (13 2005 12 31 2004 12 31 - (a 10,000,000 130,000,000 - (b 87,000,000 128,000,000 852,171,250 1,097,191,925 949,171,250 1,355,191,925-27 -
2005 ( ( (13 ( 2005 12 31 (a (b 10,000,000 (2004 130,000,000 12,500,000 (2004 209,720,000 5,000,000 87,000,000 (2004 128,000,000 2005 2%5.58% (2004 2%6.9% 734,071,000 ( 80,000,000 85,029,000 2005 12 31 660,508,000 (2004 803,298,000 (14 2005 12 31 2004 12 31 106,862,384 123,362,607 238,981,794 319,561,079 345,844,178 442,923,686 160,737,000 (15 2005 12 31 5%(5% 2005 12 31 8,803,000 (2004 17,122,000 (16 2005 12 31 5%(5% 2005 12 31 12,869,000 (2004 12 31 10,322,000-28 -
2005 ( ( (17 2005 12 31 2004 12 31 2,924,318 2,100,000 EVG - 9,296,650-12,220,968 2,100,000 (18 2005 12 31 2004 12 31 68,536,124 96,619,443 26,895,041 54,370,619 182,191,824 200,238,012 26,522,572 27,363,042 304,145,561 378,591,116 (19 2005 12 31 2004 12 31 6,272,606 7,688,826 3,639,269 1,336,442 9,911,875 9,025,268 3% (20 2005 12 31 2004 12 31 (% (% 695,218,805 73.98% 737,963,205 75.39% 38,602,227 4.11% 105,796,972 10.81% 99,685,064 10.61% 49,260,155 5.03% 106,164,424 11.30% 85,820,503 8.77% 939,670,520 100.00% 978,840,835 100.00% 2005 12 31 5%(5% 2005 12 31 106,164,000 (2004 85,821,000-29 -
2005 ( ( (21 2005 12 31 2004 12 31 207,306,536 91,777,586 11,727,613 41,556,365 15,340,833 4,651,417 3,016,918 3,633,793 2,601,294 2,692,440 40,272,346 33,496,561 280,265,540 177,808,162 (22 2005 12 31 2004 12 31-27,000,000 2004 12 31 26,205,000 (23 2005 12 31 2004 12 31 - (a 28,087,099 19,234,000 - (b - 38,000,000 250,000 33,509,962 28,337,099 90,743,962 - (a (6,300,713 (19,234,000 - (250,000 (5,208,114 21,786,386 66,301,848 2005 12 31 (a (b 7,933,000 15,811,000 4,344,000 (2004 19,234,000 2005 4.78%5.31% (2004 2%6.9% 23,743,000 ( 6,195,000 1,654,000-30 -
2005 ( ( (24 1 2005 12 31 2004 12 31 (% (% 399,820,000 30.56% 399,820,000 37.72% 53,330,000 4.08% 53,330,000 5.03% 453,150,000 34.64% 453,150,000 42.75% 200,000,000 15.29% 200,000,000 18.87% ( 655,069,178 50.07% 406,850,000 38.38% 855,069,178 65.36% 606,850,000 57.25% 1,308,219,178 100.00% 1,060,000,000 100.00% (25 2004 2005 12 31 12 31 ( a 1,771,139,906 990,331,953 2,761,471,859 4,871,808 8,098,010 12,969,818 6,312,958-6,312,958 1,623,714-1,623,714 14,100,730 149,970 14,250,700 5,457,937-5,457,937 1,803,507,053 998,579,933 2,802,086,986 a A-B 4.68 ( 4.96 4.45 ( 4.72 248,219,178 H A-B - 31 -
2005 ( ( (26 2004 2005 12 31 12 31 276,288,966 30,229,948 22,628,048 329,146,962 222,493,902 30,229,948 17,199,629 269,923,479 498,782,868 60,459,896 39,827,677 599,070,441 ( 10% 50% 25% 2005 10% 28,469,948 (2004 10% 27,871,268 ( 5%10% 2005 10% 28,469,948 (2004 10% 27,871,268 / 2005 (27 2005 12 31 2004 12 31 223,865,647 259,760,239 303,958,060 279,724,219 ( (26 (52,857,996 (58,103,581 ( (26 (47,429,577 (45,515,230 (196,232,877 (212,000,000 231,303,257 223,865,647 2005 6 23 2004 A-B 1,308,219,178 10 1.5 196,232,877 2006 4 3 2005 1,308,219,178 10 1.6 209,315,068 2005-32 -
2005 ( ( (28 (a 10% (b 2005 2004 3,403,511,674 (1,838,894,542 2,662,267,940 (1,413,607,235 1,386,302,486 (989,252,779 1,178,708,042 (817,478,689 2,485,144,407 (1,733,776,476 2,181,978,575 (1,450,012,277 3,248,677,479 (2,011,840,400 2,800,387,347 (1,691,203,603 266,750,952 (140,866,681 308,370,937 (166,153,291 10,790,386,998 (6,714,630,878 9,131,712,841 (5,538,455,095 (770,529,871 770,529,871 (511,025,075 511,025,075 10,019,857,127 (5,944,101,007 8,620,687,766 (5,027,430,020 2005 12 31 934,383,000 9.33%(2004 612,891,000 7.10% (29 2005 2004 883,210,300 797,783,772 91,908,127 81,834,163 59,499,386 38,113,362 1,034,617,813 917,731,297 (30 2005 2004 ( / ( / 65,048,390 (69,672,243 (4,623,853 57,827,390 (63,327,384 (5,499,9 30,385,765 (11,378,703 19,007,062 19,891,148 (6,101,831 13,789 59,903,806 (34,548,259 25,355,547 49,636,822 (27,311,562 22,325 155,337,961 (115,599,205 39,738,756 127,355,360 (96,740,777 30,614-33 -
2005 ( ( (31-2005 2004 69,326,835 70,064,509 (16,885,702 (20,801,674 ( / (28,994,778 2,960,112 *** (9,234,864 (9,170,795 5,766,873 5,672,456 19,978,364 48,724,608 *** 2005 12 31 (32 ( / 2005 2004 (4,035,718 (23,557,083 (156,792 97,978 88,800 88,800 (48,727,374 12,652,715 - (22,306,375 (1,981,000 (4,007,138 /( 8,722,398 (3,114,380 7,059,421 (1,888,051 (39,030,265 (42,033,534 (33-34 -
2005 ( ( (34 2005 2004 13,999,068 10,637,353 1,694,402 2,257,827 4,719,287 10,104,491 20,412,757 22,999,671 141,545,443 61,094,398-1,115,133 9,376,467 16,286,025 ( 22-27,000,000 1,065,973 3,285,790 8,795,040 10,699,843 160,782,923 119,481,189 (35 2005 210,758,583 277,440,358 374,697,589 225,254,453 938,628,048 2,026,779,031-35 -
2005 ( ( (36 (a (a(i 2005 2 45% 28.5% 71.25% 2005 2 28 77,437,080 458,726,707 42,834,274 626,773 (306,867,116 (66,212,000 206,545,718 (45% 92,945,573 ( (8(b 107,934,427 200,880,000 (26,147,685 174,732,315 2005 12 31 158,094,303 (156,937,377 1,156,926 (13,296,558 - (13,296,558-36 -
2005 ( ( (36 ( (b (d 2005 9 95% 4,748,810 25,626,127 970,460 (70,572,790 (39,227,393 (5% (1,961,371 (37,266,022 3,000,000 25,543,625 (8,722,397 8,722,398 1 2005 1 1 15,860 (123,913 (108,053 (6,054,172 - (6,054,172-37 -
2005 ( (1 2005 12 31 2004 12 31 146,678,345 236,135,131 (59,512,155 (70,997,236 87,166,190 165,137,895 2005 12 31 2004 12 31 (% (% 63,987,079 43.62% (5,201 144,606,899 61.24% (3,690,559 30,926,108 21.08% (28,454,019 11,160,990 4.73% (2,239,503 8,259,928 5.63% (2,547,705 23,284,017 9.86% (22,983,949 43,505,230 29.67% (28,505,230 57,083,225 24.17% (42,083,225 146,678,345 100.00% (59,512,155 236,135,131 100.00% (70,997,236 2005 12 31 5%(5% 2005 12 31 108,389,000 (2004 167,937,000 62.55%(2004 71.12% (2 2005 12 31 2004 12 31 218,646,896 237,711,276 (32,619,308 (49,817,737 186,027,588 187,893,539 2005 12 31 2004 12 31 (% (% 40,313,220 18.44% (117,313 37,751,555 15.88% (1,110,435 989,939 0.45% (437,916 27,067,369 11.39% (194,209 5,721,073 2.62% (1,537,239 142,322,559 59.87% (18,976,272 171,622,664 78.50% (30,526,840 30,569,793 12.86% (29,536,821 218,646,896 100.00% (32,619,308 237,711,276 100.00% (49,817,737 2005 12 31 5%(5% 2005 12 31 127,363,000 (2004 145,905,000 58.47%(2004 61.38% - 38 -
2005 ( ( (3 2004 12 31 2005 12 31 1,878,007,568 168,196,241 (181,347,130 1,864,856,679 6,316,773 2,819,846-9,136,619 (14,142,182 - (35,134,976 (49,277,158 17,291,364 - - 17,291,364 1,887,473,523 171,016,087 (216,482,106 1,842,007,504 (11,884,300 (1,620,000 - (13,504,300 1,875,589,223 169,396,087 (216,482,106 1,828,503,204 2005 12 31 37% (4 2005 2004 3,526,569,405 (1,985,199,659 2,865,011,634 (1,600,495,475 2005 458,642,000 13.01%(2004 396,491,000 13.84% (5 ( / 2005 2004 32, 21,709,925 97,978 87, 31,186,019 11, 4,922,676 7 3,113,629 (a (227,521 (49,497,961 (b (48,59 (4,007,138 (136,750 7,525,128 (a (b 46,976,712 ( 8(b 1,620,000-39 -
2005 ( (1 (a (2 (a (3 2004 12 31 2005 12 31 % % % 85,500,000 28.50% 190,836,000 42.75% 276,336,000 71.25% (a (4 ( ( *** A-B ( ( *** 2004 2005 3 21 2005-40 -
2005 ( ( (5 (a (b 2005 2004 169,651,027 128,383,318 583,872 775,185 6,208,114 5,641,885 32,752 - (2005 3 21 17,002,381 96,697,497 88,720,087 92,813,438 2,562,858 1,896,196 284,761,091 326,207,519 (c 111,333,127 106,174,564-12,176,544-4,291,904-107,415 52,024,607 16,894,400 163,357,734 139,644,827 (d 1,730,000 2,940,451 (e 143,577,315 52,510,174 (f 4,344,000 19,234,000 (g (i 40,892,810 50,892,810 (i 2002 3 105,000,000 2005 12 31 ( 40,892,810 (3(b - 41 -
2005 ( ( (5 ( (h 2005 2004 24,000,000 - (i 2,390,000 2,850,000 136,000 146,000 2,390,000 2,850,000 (6 (a 2005 12 31 2004 12 31 ( 4(b 62,560,810 72,560,810 11,245,784 11,245,784 286,500 1,466,911 1,266,174 1,242,731 20,694,312 27,606,185 700,094 333,709 96,753,674 114,456,130 (b 2005 12 31 2004 12 31 9,994,019 13,540,853 2,938,525 2,938,525 1,181,238-1,001,029-616,377 152,061 28,524 12,258 25,905 21,923 15,785,617 16,665,620 (c 2005 12 31 2004 12 31 5,047,083 1,270,761-42 -
2005 ( ( (6 ( (d 2005 12 31 2004 12 31 71,438-21,246 21,246 5,470 105,470 4,855 5,750 103,009 132,466 (e 2005 12 31 2004 12 31 2,145,158 237,122 525,369 426,816 15,123 145,688 8,000 8,000 3,700 3,700-1,699,755-12,929,248 2,697,350 15,450,329 (f 2003 10 A-B A-B 15,000,000 ( 121,053,000 1% 5 (6(a (f (a (b 1998 2005 12 31 2005 12 31 24,000,000 2005 7 15 2006 6 9-43 -
2005 ( (a 2005 12 31 2004 12 31 39,114,062 58,076,702 (b 2005 12 31 2004 12 31 264,730,000 221,350,000 (c 2005 12 31 2004 12 31 1,660,319 2,490,469 (a 2006 1 8,000,000 ( ( 2006 1-44 -
2005 ( 2005 2004 303,958,060 279,724,219 /( - (13,344,999 8,763,052 - (74,859,478 (75,586,211 - ( (6,413,689 (12,362,318 - ( 9,861,015 40,985,633 - (777,668 (1,521,832 218,423,241 240,002,543 28,470,795 28,601,263 246,894,036 268,603,806 12740/JWC - 45 -
The Standard 2006 4 3-46 -