2003 2003-1-

2003 3 5 7 8 12 14 49-2 -

2003 1 Goldfield Industries Inc. 2 600383 3 518048 www.goldenfield.com zxy@goldenfield.com 4 5 0755 83303333 ggq@goldenfield.com 0755 83844828 zxy@goldenfield.com 0755 83844555 6 www.sse.com.cn 7 1996 2 8 1998 12 31 2001 3 9 4403011060681 440304192181634 440301192181634 5022 B 11-3 -

2003 2003 6 30 2002 12 31 3,734,959,091.92 2,800,195,250.63 33.38% 2,234,594,907.12 1,401,737,015.12 59.42% 4,002,763,880.79 3,075,772,724.68 30.14% 1,368,521,300.31 1,345,599,956.20 1.70% / 5.0686 4.9837 1.70% / 5.0485 4.9738 1.50% 2003 1-6 2002 1-6 22,921,344.11 15,026,912.65 52.54% 30,103,990.70 15,018,315.73 100.45% / 0.085 0.056 51.79% % 1.67 1.16 43.97% -990,608,164.56 27,676,510.31-3679.24% -7,513,677.81 245,031.00 191,033.49-46,616.00-58,417.27-7,182,646.59-4 -

2003 26,092 1 0 65,200,000 24.15% 2 0 50,400,000 18.67% 3 0 22,400,000 8.30% 4-602,951 12,652,286 4.69% 5 0 11,200,000 4.15% 6 0 11,000,000 4.07% 7 UT 0 11,000,000 4.07% 8 0 8,800,000 3.26% 9-1,176,110 1,740,621 0.64% 10 934,700 0.35% (1) (2) 2002 8 540 540 (3) (4) 100 (5) 2003 6 27 3540 13.11% 1500 5.56% - 5 -

2003 7 25 7 28 7 1 7 3 7 30 (6) UT - 6 -

2003 1 2003 3 26 2003 2003 3 27 2 2003 2 21 2003 2003 3 26 2003 2003 3 27 3 2003 5 29 2003 2003 6 30 2003 2003 7 1-7 -

2003 2002 66.4 B 11.68 4.93 3.26 108 2003 2002 50 TOP10 2003 10 8 2003 6 2003 1 2003 1-6 2002 1-6 377,027,859.16 178,357,983.78 111.39% 120,809,675.01 58,418,578.18 106.80% 22,921,344.11 15,026,912.65 52.54% - 8 -

2003 2 2003 6 30 2002 12 31 4,002,763,880.79 3,075,772,724.68 30.14% 1,368,521,300.31 1,345,599,956.20 1.70% 11.27 10 326,161,867.30 86.51% 200,599,965.46 83.80% 40,321,639.38 10.69% 32,098,682.06 13.41% 10,544,352.48 2.8% 6,688,538.18 2.79% 377,027,859.16 100% 239,387,185.70 100% 304,187,260.13 70.55 72,840,599.03 2102 44.8% 10.8 6 13-9 -

2003 1 2003 6 30 18,000 44.23% 18,000 37.43% D E 45,000 26.02% 45,000 41.48% 2,000 26.94% 13,000 31.03% 15,000 15,000 18.53% 4,694 4,694 82,694 82,694 82,694 82,694 22,246 37.43% 6.80% 15.37% (D E ) 17,218 41.48% 15.46% 59.41% 2002 2,584 C D 2003 1-6 -1,959.92 4,930.59 4,694 2 1 20% 90% 5000-10 -

2003 70% 2000 49% 1000 8000 80% 100% 3000 2 140.0 84.0 13.6 24.0 153.6 108.0 73495 1-9 1-9 1-9 - 11 -

2003-12 - 2002 2002 2002 12 31 10 2.50 5 23 2003 5 28 2003 5 29 2003 6 4 2003 20% 70% 2003 1 29-556.24 18 1 2003 1 28 2003 1 29 2 2003 3 6 3 28 4 30 3 2003 3 18 2003 3 20

2003 4 2003 6 17 2003 6 18 5 2003 7 3 2003 2003 7 5-13 -

2003 2003 6 30 (2003) 051 : ( )2003 6 30 2003 1-6 2003 1-6,,, 2003 6 30 2003 1-6 2003 7 28 2003 8 11-14-

2003 2003 06 30 2003 06 30 2002 12 31 1 566,461,281.72 204,425,507.10 768,293,733.53 494,016,880.43 - - 2 2,116,178.11 276,572.73 2,877,820.54 276,572.73 3 39,744,273.05 1,201,268,880.14 143,519,915.97 407,801,210.31 4 256,905,201.04 247,552,568.00 142,545,899.04 138,033,238.00 - - 5 2,869,728,369.27 254,272,527.14 1,742,936,126.87 386,881,337.35 6 3,788.73-21,754.68 3,734,959,091.92 1,907,796,055.11 2,800,195,250.63 1,427,009,238.82 7 81,632,950.23 606,463,397.90 88,622,543.33 466,811,286.89 - - 81,632,950.23 606,463,397.90 88,622,543.33 466,811,286.89 7 39,908,444.33-7,720,166.67 39,908,444.33 7,720,166.67 8 242,505,425.54 214,192,573.37 237,674,972.20 216,407,450.85 8 58,885,213.91 48,513,540.36 53,238,581.61 44,841,568.12 183,620,211.63 165,679,033.01 184,436,390.59 171,565,882.73 - - 183,620,211.63 165,679,033.01 184,436,390.59 171,565,882.73 10 1,639,165.74 183,620,211.63 165,679,033.01 186,075,556.33 171,565,882.73 9 2,551,627.01-879,374.39 - - 2,551,627.01-879,374.39 4,002,763,880.79 2,679,938,486.02 3,075,772,724.68 2,065,386,408.45 15

2003 2003 06 30 2003 06 30 2002 12 31 11 940,000,000.00 810,000,000.00 230,000,000.00 180,000,000.00 12 69,782,320.84 69,782,320.84 13 359,146,472.05 118,371,191.46 737,879,059.72 212,067,951.61 14 502,271,023.44 112,325,984.42 220,834,051.38 62,919,711.19 16 11,721,779.15 6,694,287.81 13,446,103.22 6,337,068.65 6,359,442.68 256,675.58 5,630,607.94 134,584.21 17 42,800,000.00 42,800,000.00 67,500,000.00 67,500,000.00 18 (5,444,036.31) 6,780,119.76 29,402,425.32 20,245,723.04 19 (432,665.52) 1,500.01 (87,701.90) 16,154.43 15 302,555,854.64 43,621,855.53 73,927,864.34 19,580,779.01 20 5,834,716.15 23,204,605.10 201,229.80 2,234,594,907.12 1,210,633,935.41 1,401,737,015.12 569,003,201.94 21 300,000,000.00 100,000,000.00 210,000,000.00 150,000,000.00 300,000,000.00 100,000,000.00 210,000,000.00 150,000,000.00 22 15,807,704.23 16,639,688.66 2,550,402,611.35 1,310,633,935.41 1,628,376,703.78 719,003,201.94 83,839,969.13 101,796,064.70 23 270,000,000.00 270,000,000.00 270,000,000.00 270,000,000.00 24 788,816,003.32 788,816,003.32 788,816,003.32 788,816,003.32 25 196,145,534.38 196,145,534.38 196,145,534.38 196,145,534.38 25 49,979,878.61 49,979,878.61 49,979,878.61 49,979,878.61 26 113,559,762.61 114,343,012.91 90,638,418.50 91,421,668.80 1,368,521,300.31 1,369,304,550.61 1,345,599,956.20 1,346,383,206.50 4,002,763,880.79 2,679,938,486.02 3,075,772,724.68 2,065,386,408.45 16

2003 2003 1-6 2003 1-6 2002 1-6 27 377,027,859.16 259,321,268.27 178,357,983.78 133,147,061.40 27 239,387,185.70 150,499,345.59 111,803,958.10 77,138,235.97 28 16,830,998.45 9,988,014.77 8,135,447.50 6,807,647.14 120,809,675.01 98,833,907.91 58,418,578.18 49,201,178.29 29 39,170.00-406,989.18-39,490,119.56 16,361,532.23 11,928,116.15 8,496,392.42 41,639,462.19 19,798,291.18 26,273,557.19 14,662,861.91 30 953,109.61 1,982,563.48 3,800,520.44 4,185,037.84 38,766,153.65 60,691,521.02 16,823,373.58 21,856,886.12 31 (7,361,997.81) (29,248,108.86) 113,760.00 (3,612,008.06) 32 245,031.00 - - - 33 191,033.49 152,287.52 92,188.95 65,776.16 33 46,616.00 39,016.00 82,074.93 81,874.90 31,793,604.33 31,556,683.68 16,947,247.60 18,228,779.32 14,172,297.46 8,635,339.57 3,501,665.86 3,201,866.67 (5,300,037.24) - (1,581,330.91) - - - - - 22,921,344.11 22,921,344.11 15,026,912.65 15,026,912.65 90,638,418.50 91,421,668.80 47,621,603.46 47,621,603.46 - - - - 113,559,762.61 114,343,012.91 62,648,516.11 62,648,516.11 - - - - - - - - 113,559,762.61 114,343,012.91 62,648,516.11 62,648,516.11 - - - - - - - - - - - - - - - - 113,559,762.61 114,343,012.91 62,648,516.11 62,648,516.11 1. (31,622.28) 2. 3. 4. 5. 6. 17

2003 2003 1-6 2002 1-6 654,694,304.80 302,275,717.48 302,340,025.84 270,736,556.71 2,808.00-803,216.15-34 156,505,798.24 23,753,316.34 25,228,045.44 12,730,143.86 811,202,911.04 326,029,033.82 328,371,287.43 283,466,700.57 1,496,542,807.57 156,294,147.58 199,128,378.36 131,524,435.23 41,558,720.83 8,038,737.25 27,077,555.67 12,377,021.88 73,699,975.00 37,371,512.26 30,251,974.81 26,939,492.98 34 190,009,572.20 790,793,025.73 44,236,868.28 43,816,396.46 1,801,811,075.60 992,497,422.82 300,694,777.12 214,657,346.55 (990,608,164.56) (666,468,389.00) 27,676,510.31 68,809,354.02 - - - - 151,680.00 151,680.00 113,760.00 113,760.00 - - 162,608.10 130,715.10 35 71,016,644.27 - - - 71,168,324.27 151,680.00 276,368.10 244,475.10 6,876,515.65 1,045,892.32 10,054,832.97 6,906,743.65 43,877,000.00 161,877,000.00 - - - - - - 50,753,515.65 162,922,892.32 10,054,832.97 6,906,743.65 20,414,808.62 (162,771,212.32) (9,778,464.87) (6,662,268.55) 15,000,000.00 - - - 15,000,000.00 - - - 950,000,000.00 730,000,000.00 60,000,000.00 60,000,000.00 - - - - 965,000,000.00 730,000,000.00 60,000,000.00 60,000,000.00 150,000,000.00 150,000,000.00 490,000,000.00 490,000,000.00 46,502,471.66 40,214,141.66 23,419,591.13 23,419,591.13 - - - - - - - - - - - - - - 43,732.09 43,732.09 196,502,471.66 190,214,141.66 513,463,323.22 513,463,323.22 768,497,528.34 539,785,858.34 (453,463,323.22) (453,463,323.22) (136,624.21) (137,630.35) (1,938,272.63) (1,938,265.16) (201,832,451.81) (289,591,373.33) (437,503,550.41) (393,254,502.91) 18

2003 2003 1-6 2002 1-6 22,921,344.11 22,921,344.11 15,026,912.65 15,026,912.65 (5,300,037.24) - (1,581,330.91) - (264,630.62) (677,986.74) (644,642.08) (644,023.62) 4,565,115.94 2,589,406.85 4,457,447.93 3,184,069.79 - - - - 312,875.71-198,176.06 - (239,630.16) - (24,674.00) - (17,369,888.95) (20,647.76) 2,010,960.90 (125,315.49) (152,287.52) (152,287.52) (65,776.16) (65,776.16) - - 8,069.55 8,069.55 953,109.61 2,380,325.26 9,590,435.87 9,590,024.40 7,361,997.81 29,248,108.86 (113,760.00) 3,612,008.06 - - - - (1,126,792,242.40) 139,005,973.64 (72,269,150.19) (38,810,725.38) (561,422,987.46) (956,823,556.44) (14,149,690.73) (20,531,708.64) 684,819,096.61 95,060,930.74 85,139,466.37 97,645,148.80 - - 94,065.05 (79,329.94) (990,608,164.56) (666,468,389.00) 27,676,510.31 68,809,354.02 566,461,281.72 204,425,507.10 839,983,793.09 718,793,719.38 768,293,733.53 494,016,880.43 1,277,487,343.50 1,112,048,222.29 - - - - - - - - (201,832,451.81) (289,591,373.33) (437,503,550.41) (393,254,502.91) 19

2003 1. 2003 1-6 1996 02 UT [ ( ) ] 1996 2 8 N12331 11,000 1997 11 29 1998 4 7 [1998]3 1998 10 19 [1998]48 1998 12 25 [1998]B2490 1.66 7,000 5,040 10 ; ( ) 1,950 ; 1998 11 5 (1998)8, 5,400 1998 12 31, 400007, 18,000 2000 7, [2000]63 ( ) 2,240, 1,120, 1,120 2001 1 15 [2001]2 9000 1 9.42 2001 4 12 2001 3 9, N68678, 27,000, ( ) : ( ),, -20-

2003 2. 1 2 3 4 5, 6 7 : 8, 21

2003 22 9, 5%, 10 : :, 10 20 11 20% 20% 10 12 a.

2003 ;, 2000 b. 30% c. 5% 20-25 4.75-3.80% 8 11.88% 5 19% 5 19%, 13 14,,, 15 23

2003 24 10 16, 5 17 : 2 5% 18 a.,, b., c.,,,

2003 d. a),,, b),,,, 19 20 21, :, 3. 17% 5% 1%-7% 3% 15% 33% 33% 15% 25

2003 4. 6,500,000.00 6,000,000.0 92.31% 7.69% 5,500,000.00 5,000,000.00 90.90% --- 6,000,000.00, 4,800,000.00 80% 20% 1,000,000.00 900,000.00 90% 10% 1,000,000.00 900,000.00 90% 10% 200,000,000.00 120,000,000.00 60% --- 80,000,000.00 64,000,000.00 80% 20% 120,000,000.00 96,000,000.00 80% 20% 2,000,000.00, 500,000.00 25% 75% 36,000,000.00 111,213,950.35 95% 5% 50,000,000.00 45,000,000.00 90% 10% 32,000,000.00 28,800,000.00 90% 10% 18,000,000.00 54,099,000.00 90% --- 50,000,000.00 35,000,000.00 70% --- 30,000,000.00 27,000,000.00 90% 10% * ** 2002 *** 2002 20% 90% **** 26

2003 5. 1. 2003.6.30 2002.12.31 393,775.14 1.00 393,775.14 1,085,979.11 640,921.94 1.06 681,749.06 783,507.06 12,742.69 8.28 105,477.61 121,964.77 1,181,001.81 1,991,450.94 * 466,613,892.31 1.00 466,613,892.31 552,756,443.58 35,724,028.99 1.06 37,921,250.09 154,784,566.77 173,980.31 8.28 1,440,104.62 26,774,078.80 505,975,247.02 734,315,089.15 ** 55,060,710.48 1.00 55,060,710.48 28,630,825.27 3,998,419.61 1.06 4,244,322.41 3,356,368.17 59,305,032.89 31,987,193.44 566,461,281.72 768,293,733.53 * 3 3 10,834,000.00 ** 201,832,451.81 26.27% 2. 2003.6.30 2002.12.31 RMB % RMB RMB % RMB 15,674.40 0.70 783.72 370,157.13 12.76 8,404.62 93,258.03 4.20 2,378.16 --- --- --- 1,825,089.30 82.02 91,254.47 2,239,495.30 77.20 --- 291,129.19 13.08 14,556.46 291,129.19 10.04 14,556.46 2,225,150.92 100 108,972.81 2,900,781.62 100 22,961.08 5% 5% 27

2003 1,625,881.90 73.07% 2003.6.30 2002.12.31 RMB % RMB RMB % RMB --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- 291,129.19 100 14,556.46 291,129.19 100 14,556.46 291,129.19 100 14,556.46 291,129.19 100 14,556.46 5% 261,633.99 89.87% 3. 2003.6.30 2002.12.31 RMB % RMB RMB % RMB 34,460,295.30 82.89 1,515,130.93 132,228,921.17 90.82 1,762,202.40 2,478,560.95 5.96 123,619.60 9,364,795.03 6.43 180,127.01 2,525,615.69 6.07 58,684.55 2,512,955.40 1.73 90,847.44 2,110,928.27 5.08 133,692.08 1,483,330.45 1.02 36,909.23 41,575,400.21 100 1,831,127.16 145,590,002.05 100 2,070,086.08 5% 10% 10% 13,231,034.01 13,231,034.01 5% 16,944,735.37 40.76% 28

2003 104,014,601.84 71.44% 2003.6.30 2002.12.31 RMB % RMB RMB % RMB 1,196,988,373.61 99.55 876,430.45 399,236,945.95 97.46 1,592,413.37 2,443,735.53 0.20 122,186.78 9,214,208.36 2.25 174,627.01 1,173,690.92 0.10 58,684.55 937,706.40 0.23 46,885.32 1,810,928.27 0.15 90,546.41 238,184.53 0.06 11,909.23 1,202,416,728.33 100 1,147,848.19 409,627,045.24 100 1,825,834.93 10% 10% 532,888,113.67 241,948,518.59 176,043,468.36 950,880,100.62 5% 1,101,530,014.77 91.22% 792,789,683.09 193.54% 4. 2003.6.30 2002.12.31 RMB % RMB % 251,576,774.02 97.93 105,928,876.92 74.31 2,657,248.90 1.03 36,150,032.64 25.36 2,204,188.64 0.86 466,989.48 0.33 466,989.48 0.18 --- --- 256,905,201.04 100 142,545,899.04 100 5% 114,359,302.00 80.23% 29

2003 5. 2003.6.30 2002.12.31 2,572,197,038.44 2,572,197,038.44 1,271,658,631.47 1,271,658,631.47 266,580,313.56 266,580,313.56 441,685,055.41 441,685,055.41 29,583,358.43 29,583,358.43 28,200,483.97 28,200,483.97 2,868,360,710.43 2,868,360,710.43 1,741,544,170.85 1,741,544,170.85 1,299,106.77 1,299,106.77 1,456,101.35 1,321,603.95 701,720.69 68,552.07 703,520.69 70,352.07 2,870,361,537.89 2,869,728,369.27 1,743,703,792.89 1,742,936,126.87 1,126,657,745.00 64.62% 13.01 ( ) 2.39 (1) A. 2003.6.30 2002.12.31 B 2002 12 2004 12 224,277 882,281,612.78 815,322,500.50 A 2003 12 2005 12 A B 2002 05 2003 08 10 120,106 425,858,244.96 163,882,773.81 E F G 2003 03 2003 12 2004 6 * 2003 03 2004 12 95,207 349,939,413.64 279,469,088.36 2003 05 2003 12 35,768 97,007,009.87 --- 2003 06 2003 12 48,853 63,908,127.26 --- ** 2003 09 2004 05 249,101 739,566,798.89 --- 13,635,831.04 12,984,268.80 2,572,197,038.44 1,271,658,631.47 * ** B. 2002.12.31 2003.6.30 D.E 2002 10 314,222,209.86 4,899,220.00 139,562,351.54 179,559,078.32 ( C D ) 2002 12 96,058,562.90 13,055,646.36 53,520,491.30 55,593,717.96 2000 06 2000 09 2001 09 28,098,583.65 6,606,245.71 5,091,526.10 29,613,303.26 A.B.C 1997 04 2,691,605.00 --- 1,552,215.00 1,139,390.00 1999 12 400,000.00 60,730.02 --- 460,730.02 1996 05 214,094.00 --- --- 214,094.00 441,685,055.41 24,621,842.09 199,726,583.94 266,580,313.56 30

2003 C. 2002.12.31 2003.6.30 16,552,332.07 --- 1,286,157.03 15,266,175.04 21 11,648,151.90 --- 266,381.87 11,381,770.03 D.E --- 3,089,908.80 154,495.44 2.935.413.36 28,200,483.97 3,089,908.80 1,707,034.34 29,583,358.43 (2) 2002.12.31 2003.6.30 134,497.40 --- 134,497.40 --- 633,168.62 --- --- 633,168.62 767,666.02 --- 134,497.40 633,168.62 6. 2003.6.30 2002.12.31 3,788.73 21,754.68 3,788.73 21,754.68 7. 1 2003.6.30 2002.12.31 80,002,950.23 --- 80,002,950.23 86,992,543.33 --- 86,992,543.33 --- --- --- --- --- --- 1,630,000.00 --- 1,630,000.00 1,630,000.00 --- 1,630,000.00 --- --- --- --- --- --- 81,632,950.23 --- 81,632,950.23 88,622,543.33 --- 88,622,543.33 2 a. I 15 40% 1,630,000.00 1,630,000.00 --- --- 1,630,000.00 1,630,000.00 1,630,000.00 --- --- 1,630,000.00 31

2003 * II *1 3 99.91% 180,000.00 (233,840.23) (863.76) 53,840.23 --- --- *1 10 99.86% 2,000,000.00 (739,074.88) (30,758.52) (1,260,925.12) --- --- *2 10 99.09% 1,000,000.00 --- --- 494,505.90 --- 1,494,505.90 *2 40 99.93% 28,800,000.00 --- --- --- --- 28,800,000.00 15 49% 9,800,000.00 --- --- --- --- 9,800,000.00 41,780,000.00 (972,915.11) (31,622.28) (712,578.99) --- 40,094,505.90 *1 *2 4 b. 8,000,000.00 3 --- 8,000,000.00 800,000.00 7,200,000.00 40,092,333.19 3 7,720,166.67 31,670,333.19 6,682,055.53 32,708,444.33 7,720,166.67 39,670,333.19 7,482,055.53 39,908,444.33 1 2003.6.30 2002.12.31 604,833,397.90 --- 604,833,397.90 465,181,286.89 --- 465,181,286.89 1,630,000.00 --- 1,630,000.00 1,630,000.00 --- 1,630,000.00 606,463,397.90 --- 606,463,397.90 466,811,286.89 --- 466,811,286.89 2 a. I 32

2003 15 40% 1,630,000.00 1,630,000.00 --- --- 1,630,000.00 1,630,000.00 1,630,000.00 --- --- 1,630,000.00 * II 20 92.31% 6,000,000.00 --- 1,074,117.21 14,859,468.24 20,859,468.24 24 90.90% 5,000,000.00 --- --- (321,225.27) 4,678,774.73 15 80% 4,800,000.00 --- 196,803.80 225,974.12 5,025,974.12 10 90% 900,000.00 --- (883,135.19) 163,767.34 1,063,767.34 * 10 80% 1,600,000.00 (591,259.90) 221,426.50 (1,008,740.10) --- 10 90% 900,000.00 --- --- 494,505.90 1,394,505.90 30 25% 500,000.00 --- 14,068,002.69 17,594,410.69 18,094,410.69 1 90% 45,000,000.00 --- (1,479,534.73) (1,479,534.73) 43,520,465.27 ** 15 80% 8,000,000.00 56,000,000.00 (765,242.74) (852,375.44) 63,147,624.56 15 80% 96,000,000.00 --- (19,593,307.99) 977,592.09 96,977,592.09 45 95% 111,213,950.35 --- (1,077,265.11) (1,089,003.43) 110,124,946.92 15 60% 120,000,000.00 --- (7,903,546.73) (20,167,389.19) 99,832,610.81 ** 8 90% 3,600,000.00 10,406,666.81 (5,562,413.50) (6,189,080.13) 7,817,586.68 * 3 90% 180,000.00 (233,840.23) (863.76) 53,840.23 --- 40 90% 28,800,000.00 --- --- --- 28,800,000.00 ** 1 70% 35,000,000.00 --- (1,012,773.78) (1,012,773.78) 33,987,226.22 ** 15 49% 9,800,000.00 --- --- --- 9,800,000.00 ** 5 90% 27,000,000.00 --- --- --- 27,000,000.00 504,293,950.35 65,581,566.68 (22,717,733.33) 2,249,436.54 572,124,953.57 * 591,259.90 233,840.23 ** 5600 4207.7 10,406,666.81 31,670,333.19 3500 980 2700 33

2003 b. 40,092,333.19 3 7,720,166.67 31,670,333.19 6,682,055.53 32,708,444.33 7,720,166.67 31,670,333.19 6,682,055.53 32,708,444.33 8. 2002.12.31 2003.6.30 204,490,116.82 4,651,046.12 5,373,851.99 203,767,310.95 13,383,589.18 1,871,396.46 27,265.52 15,227,720.12 13,682,761.40 1,952,762.00 --- 15,635,523.40 6,118,504.80 1,756,366.27 --- 7,874,871.07 237,674,972.20 10,231,570.85 5,401,117.51 242,505,425.54 2002.12.31 2003.6.30 37,981,070.47 4,269,059.54 1,400,015.06 40,850,114.95 5,899,811.59 1,417,327.87 7,046.49 7,310,092.97 5,544,951.75 735,277.03 --- 6,280,228.78 3,812,747.80 632,029.41 --- 4,444,777.21 53,238,581.61 7,053,693.85 1,407,061.55 58,885,213.91 184,436,390.59 183,620,211.63 138,854,335.69 1,639,165.74 5,401,117.51 9. 2002.12.31 2003.6.30 2,908,340.75 871,474.39 1,789,152.42 116,899.80 364,613.74 2,543,727.01 3 7,900.00 7,900.00 --- --- --- 7,900.00 1 2,916,240.75 879,374.39 1,789,152.42 116,899.80 364,613.74 2,551,627.01 10. 2002.12.31 2003.6.30 200 1,639,165.74 --- 1,639,165.74 --- --- 200 1,639,165.74 --- 1,639,165.74 --- --- 34

2003 11. 2003.6.30 2002.12.31 180,000,000.00 RMB610,000,000.00 610,000,000.00 --- --- --- 50,000,000.00 RMB330,000,000.00 330,000,000.00 --- --- --- 230,000,000.00 940,000,000.00 710,000,000.00 308.69% 12. 2003 1 24 69,782,320.84 69,782,320.84 69,782,320.84 5% 5% 13. 359,146,472.05 5% 5% 378,732,587.67 51.33 14. 2003.6.30 2002.12.31 RMB % RMB % 498,430,660.09 99.24 220,834,051.38 100.00 3,840,363.35 0.76 --- --- --- --- --- --- --- --- --- --- 502,271,023.44 100 220,834,051.38 100 5% 5% 1 127.44% A B 35

2003 2003.6.30 2002.12.31 A 183,042,833.50 --- 2003 08 70.45% B 102,263,783.00 --- 2003 10 47.07% E 32,620,091.00 --- 2003 12 37.74% F 5,251,105.00 --- 2003 12 11.96% B 32,642,409.00 --- 2004 12 9.52% CD 29,472,903.67 141,255,461.00 * D.E 94,981,680.07 51,269,354.89 * 480,274,805.24 192,524,815.89 * C D D E 15. 302,555,854.64 5% 5% 310.65 16. 11,721,779.15 17. 2003.6.30 19,050,000.00 23,750,000.00 42,800,000.00 18. 2003.6.30 2002.12.31 (376,619.01) (219,756.43) (16,903,281.32) (2,727,214.09) (1,089,355.74) (274,533.47) 9,377,682.64 32,484,400.87 100,000.00 --- 3,447,537.12 139,528.44 (5,444,036.31) 29,402,425.32 36

2003 19. 2003.6.30 2002.12.31 (432,665.52) (87,701.90) 3% (432,665.52) (87,701.90) 20. 2003.6.30 2002.12.31 388,146.71 1,253,966.32, --- 20,000,000.00 --- 175,000.00, --- 210,612.60 --- 201,229.80 4,993,394.44 1,363,796.38 453,175.00 --- 5,834,716.15 23,204,605.10 17,369,888.95 74.86% 21. 2003.6.30 2002.12.31 50,000,000.00 --- 50,000,000.00 --- --- 2001.09.10-2004.09.10 5.49% : 100,000,000.00 RMB300,000,000.00 300,000,000.00 50,000,000.00 RMB 50,000,000.00 50,000,000.00 2002.12.30-2005.12.30 5.49% 50,000,000.00 RMB 50,000,000.00 50,000,000.00 2002.12.23-2005.12.23 5.49% --- RMB 200,000,000.00 200,000,000.00 2002.10.23-2005.10.22 5.0508% 60,000,000.00 --- 60,000,000.00 --- 2002.10.23-2005.10.23 5.0508% 210,000,000.00 300,000,000.00 37

2003 22. 2003.6.30 2002.12.31 15,807,704.23 16,639,688.66 * 15,807,704.23 16,639,688.66 * 2002 11,093.47 16,639,688.66 10 23. 2002.12.31 2003.6.30 1. 76,200,000.00 --- 76,200,000.00 42,400,000.00 --- 42,400,000.00 61,400,000.00 --- 61,400,000.00 180,000,000.00 --- 180,000,000.00 1. 90,000,000.00 --- 90,000,000.00 270,000,000.00 --- 270,000,000.00 [2001] B-006 24. 2002.12.31 2003.6.30 788,816,003.32 --- --- 788,816,003.32 788,816,003.32 --- --- 788,816,003.32 25. 2002.12.31 2003.6.30 104,780,993.68 --- --- 104,780,993.68 54,801,115.07 --- --- 54,801,115.07 49,973,878.61 --- --- 49,973,878.61 91,364,540.70 --- --- 91,364,540.70 196,145,534.38 --- --- 196,145,534.38 38

2003 26. 2002.12.31 2003.6.30 90,638,418.50 22,921,344.11 --- 113,559,762.61 27. (1) : 2003 1-6 2002 1-6 326,161,867.30 200,599,965.46 127,147,061.40 73,532,347.13 6,000,000.00 3,419,871.43 6,102,015.00 3,605,888.84 --- --- 8,928,801.12 7,911,154.79 40,321,639.38 32,098,682.06 34,155,793.02 26,076,636.83 25,302,164.20 3,268,666.75 5,655,893.05 677,930.51 397,785,670.88 239,387,185.70 181,989,563.59 111,803,958.10 (20,757,811.72) --- (3,631,579.81) --- 377,027,859.16 239,387,185.70 178,357,983.78 111,803,958.10 (2) : 2003 1-6 2002 1-6 304,187,260.13 185,866,694.40 178,357,983.78 111,803,958.10 72,840,599.03 53,520,491.30 --- --- 377,027,859.16 239,387,185.70 178,357,983.78 111,803,958.10 --- --- --- --- 377,027,859.16 239,387,185.70 178,357,983.78 111,803,958.10 C D 13,284,924.00 3.52 % 39

2003 2003 1-6 2002 1-6 253,321,268.27 146,034,474.16 127,147,061.40 73,532,347.13 6,000,000.00 4,464,871.43 6,000,000.00 3,605,888.84 259,321,268.27 150,499,345.59 133,147,061.40 77,138,235.97 --- --- --- --- 259,321,268.27 150,499,345.59 133,147,061.40 77,138,235.97 12,638,595.27 4.87% 28. 2003 1-6 2002 1-6 16,252,148.89 7,994,836.15 376,941.03 82,632.27 201,908.53 56,683.79 --- 1,295.29 16,830,998.45 8,135,447.50 29. 2003 1-6 2002 1-6 --- 348,066.75 --- 15,593.71 39,170.00 43,328.72 39,170.00 406,989.18 30. 2003 1-6 2002 1-6 3,781,290.92 7,617,260.35 3,212,274.44 5,963,128.20 230,518.52 1,997,976.89 29,319.63 25,212.84 182,894.24 173,624.24 953,109.61 3,800,520.44 40

2003 31. 2003 1-6 2002 1-6 * 151,680.00 113,760.00 (7,482,055.53) --- ** (31,622.28) --- (7,361,997.81) 113,760.00 2003 1-6 2002 1-6 * 151,680.00 113,760.00 (22,938,296.07) (3,725,768.06) (6,682,055.53) --- ** 220,562.74 --- (29,248,108.86) (3,612,008.06) * 151,680.00 ** 32. 2003 1-6 2002 1-6 245,031.00 --- 245,031.00 --- 2001 35 245,031.00 33. 1. 2003 1-6 2002 1-6 152,287.52 65,776.16 38,745.97 26,412.79 191,033.49 92,188.95 41

2003 2 2003 1-6 2002 1-6 --- 8,069.55 25,016.00 30,000.00 21,600.00 44,005.38 46,616.00 82,074.93 34. 148,522,794.48 140,970,667.06 7,983,003.76 --- --- 13,929,159.59 --- 13,786,269.07 --- 21,323,476.48 156,505,798.24 190,009,572.20 35. 71,016,644.27 71,016,644.27 6. (1) a. 3, 24.15% 4 b. : 2002.12.31 2003.6.30 RMB300,000,000.00 --- --- RMB300,000,000.00 42

2003 c. 2002.12.31 2003.6.30 RMB65,200,000.00 24.15% --- --- RMB65,200,000.00 24.15% (2) 2003.6.30 2002.12.31 --- 91,784,727.66 1,306,251.36 --- 1,306,251.36 91,784,727.66 816,262.74 1,248,186.92 7. 1 2003 6 30 10.91 1.31 6.62 1.31 4.29 2 2001 11 21 5,800 8 3 8. 12.48 12.48 1 2001 15 60% 5 2003 6 30 2.563 2.437 43

2003 60% -- 2 2002 1 : 343,874,300.00 24,562,450.00 2002 1 31 154,193,270.00 2002 12 31 100,315,130.00 2003 6 30 113,928,350.00 368,436,750.00 2003 6 30 353,382,700.00 15,054,050.00 -- 3 2001 11 21 90% 10% 3200 5800 2002 8 20 99.93% 2003 6 30 4290 4710 4 2002 7 18 1000 2004 7 1 2005 7 1 3.3 2003 6 30 6000 2.7 2002 10 10 7.3 44

2003 2003 6 30 1.7 5.6 2007 5 2002 12 23 1.49 2002 12 28 30,000,000.00 2003 3 31 30,000,000.00 2003 9 30 30,000,000.00 2003 12 31 59,000,000.00 149,000,000.00 2003 6 30 6000 8900 6 2003 3 18 26,649.65 12,078.33 9. 1. 2003 7 3 2.2003 6 27 ( ) ( ) ( ) 5040 3540 17700 1500 7500 2003 7 25 5.07 2003 7 28 2003 159 45

2003 10. 8.83% 8.90% 0.45 0.45 2.83% 2.86% 0.14 0.14 1.67% 1.69% 0.08 0.08 2.20% 2.22% 0.11 0.11 11. 2003 2003 8 11 46

2003 1 2,093,047.16 86,011.73 238,958.92 1,940,099.97 22,961.08 86,011.73 108,972.81 2,070,086.08 238,958.92 1,831,127.16 767,666.02 134,497.40 633,168.62 134,497.40 134,497.40 633,168.62 633,168.62 3 RMB RMB 270,000,000.00 270,000,000.00 270,000,000.00 270,000,000.00 788,816,003.32 788,816,003.32 788,816,003.32 788,816,003.32 146,165,655.77 132,351,053.89 13,814,601.88 13,814,601.88 13,814,601.88 146,165,655.77 146,165,655.77 54,801,115.07 54,801,115.07 47

2003 49,979,878.61 36,165,276.73 13,814,601.88 13,814,601.88 49,979,878.61 49,979,878.61 90,638,418.50 47,621,603.46 22,921,344.11 138,146,018.80 95,129,203.76 113,559,762.61 90,638,418.50 3. -26.27% -5.04% -72.31% -2.59% 80.23% 2.86% 64.65% 28.15% 308.70% 17.74% -51.33% -9.46% 127.44% 7.03% -36.59% -0.62% -118.52% -0.87% 309.26% 5.71% 5 15-74.86% -0.43% 42.86% 2.25% 111.39% 624.87% 114.11% 401.29% 106.88% 27.35% 231.07% 86.69% 58.48% 48.33% -74.92% -8.96% -6571.52% -23.51% 48

2003 : 2003 8 11-49-