CONTENTS 1 2 4 7 10 13 14 20 21 26 63 5 2007 Annual Report 2007 1
WTM@san-huan.com.cn twb@san-huan.com.cn 7 2 Annual Report 2007
1 2007 2006 2005 2,074,188,986.54 1,749,198,102.48 1,792,144,486.77 15.74% 1,648,205,591.04 1,648,205,591.04 242,901,858.54 195,336,198.33 197,677,716.88 22.88% 207,688,075.10 207,688,075.10 164,006,837.81 139,938,134.34 141,429,188.66 15.94% 156,197,663.29 156,197,663.29 150,241,977.80 141,228,437.52 142,719,491.84 5.27% 155,261,899.78 155,261,899.78 97,542,212.38 266,417,719.86 266,417,719.86-63.39% 144,609,705.52 144,609,705.52 2007 2006 2005 2,466,691,063.54 2,294,399,681.12 2,310,717,418.52 6.75% 1,990,666,266.41 1,990,666,266.41 1,129,277,449.99 963,454,566.84 1,000,361,434.80 12.89% 866,018,298.50 866,018,298.50 2 2007 2006 2005 0.32 0.28 0.28 14.29% 0.31 0.31 0.32 0.28 0.28 14.29% 0.31 0.31 0.30 0.28 0.28 7.14% 0.31 0.31 14.52% 14.52% 14.14% 0.38% 18.04% 18.04% 15.39% 15.42% 15.11% 0.28% 19.54% 19.54% 13.30% 14.66% 14.27% -0.97% 17.93% 17.93% 14.10% 15.56% 15.24% -1.14% 19.42% 19.42% 0.19 0.52 0.52-63.46% 0.29 0.29 2007 2006 2005 2.22 1.43 1.97 12.69% 1.32 1.32-627,432.73 16,022,367.59-215,908.33 1,652,227.86 - -3,066,394.38 13,764,860.01 Annual Report 2007 3
3 4 Annual Report 2007
2009 03 17 2010 03 17 2011 03 17 114,988,346 102,307,654 405,292,346 29,641,018 72,666,636 434,933,364 TRIDUS INTERNATIONAL INC 25,380,000 TAIGENE METAL COMPANY L.L.C 22,071,005 15,375,364 1,401,977 25,380,000 TRIDUS INTERNATIONAL INC 3,241,226 1,019,792 72,666,636 0 507,600,000 72,666,636 3 10 Annual Report 2007 5
58,127 10 24.32% 123,426,636 123,426,636 0 TRIDUS INTERNATIONAL INC 5.64% 28,621,226 28,621,226 0 5.20% 26,399,792 26,399,792 0 TAIGENE METAL COMPANY L.L.C 4.35% 22,071,005 22,071,005 0 3.03% 15,375,364 15,375,364 0 2.96% 14,999,826 0 2.86% 14,524,484 0 2.30% 11,675,265 0 2.03% 10,297,678 0 1.50% 7,629,867 0 10 14,999,826 14,524,484 11,675,265 10,297,678 7,629,867 3,253,933 3,114,190 2,745,411 2,503,699 1,978,891 1 2 3 1985 8 1 1658 2 1993 6 8 3 6 Annual Report 2007
2002 4 12 411422 4 100 100 100 24.32 Annual Report 2007 7
2 2003.7 TRIDUS INTERNATIONAL INC 1984.4 TAIGENE METAL COMPANY L.L.C 1987.6 1999.6 2001.5 1999.6 2006 863 S863 HANG UP MOONTRIDUS INTERNATIONAL INC TAIGENE METAL COMPANY L.L.C 973 863 8 Annual Report 2007
(3) 4 5 6 2007 4 23 2006 Annual Report 2007 9
1 2 3 4 5 6 200728 40 2007 6 26 2007 1 0 0 8 8 0 0 8 8 0 0 2 1 10 Annual Report 2007
1 2007 3 9 200728 4 19 2007 4 16 2007 4 23 1 A B 100 C 2 A2007 5 B2007 6-7 C2007 9 9 2 2007 3 9 200728 4 19 2007 4 23 A2007 5 5 8 5 25 B2007 6-7 C2007 9 10 A Annual Report 2007 11
B C 2007 3 1 2007 10 26 2 2007 10 26 3 2007 10 26 4 5 6 2007 7 12 Annual Report 2007
2007 4 23 Annual Report 2007 13
2005 2 2007 10 3 2007 10 4 2007 1 1,860,356,680.44 1,371,683,757.28 115,519,198.79 103,321,546.25 1,860,356,680.44 1,371,683,757.28 115,519,198.79 103,321,546.25 2,026,168,928.98 1,713,699,545.35 1,123,038,394.42 931,759,435.14 1,173,331,444.17 1,170,453,676.96 1,975,875,879.23 1,475,005,303.53 14 Annual Report 2007
4 545, 952,090.21 46.45% 838,792,450.54 40.44% 3 2007 2006 2007 2006 2,466,691,063.54 2,310,717,418.52 - - 6.75% 575,255,651.81 462,464,919.94 23.32% 20.01% 3.31% 537,410,946.20 457,281,891.01 21.79% 19.79% 2.00% 141,375,092.06 137,412,596.94 5.73% 5.95% -0.22% 709,165,419.45 627,079,593.87 28.75% 27.14% 1.61% 16,645,488.52 65,838,812.52 0.67% 2.85% -2.18% 561,090,000.00 523,176,900.00 22.75% 22.64% 0.11% 0.00 25,000,000.00 0.00% 1.08% -1.08% 2007 2006 109,217,820.81 97,074,708.64 12.51% 136,557,170.72 129,577,759.54 5.39% 51,682,928.96 33,516,481.95 54.20% 47,641,169.17 32,220,638.57 47.86% 4 2007 2006 97,542,212.38 266,417,719.86-63.39% -82,830,736.54-125,239,786.07 33.86% -49,244,688.10-63,454,199.02 22.39% 5 1 9,019.61 4 2,500 Annual Report 2007 15
7 3895 86% 2007 2006 2007 6 25 / 35 / 2007 2007 12 18 / 24 / 2007 200770 200752007 6 3 4 2006 12 31 2007 2006 2006 12 31 963,454,566.84 963,454,566.84-1. 14,212,611.19 42,055.67 14,170,555.52-42,055.67-42,055.67 2. - 3. - 4. - 5. - 6. - 7. - - - - - 8. - 16 Annual Report 2007
9. - 10. - 11. - 12. 1,726,444.27 909,749.01 816,695.26 13. 217,634,628.69 238,602,441.19-20,967,812.50 14.B H 15. 20,967,812.50 20,967,812.50 2007 1 1 1,217,996,063.49 1,203,008,812.71 14,987,250.78 2007 2007 2006 2007 14,987,250.78 14,170,555.52 816,695.26 20,967,812.50 31 [2006]843 910 1240 2150 682.5 75%[2007]92 2007 2 5 HDD VCMODDEPS NdFeB2007 10, 2007 2008 2007 2007 60 1 2007 2007 2 2 2007 3 22 2007 2007 5 29 2007 2007 6 26 Annual Report 2007 17
2007 10 26 2007 2007 11 22 3 2007 2007 2007 2007 18 Annual Report 2007
20,300 27,800 24.62% Annual Report 2007 19
TRIDUS INTERNATIONAL INC 2 3 4 TRIDUS INTERNATIONAL INC 20 Annual Report 2007
200728 40 1 TRIDUS INTERNATIONAL INC 2 1 2 12004 4 8 2004 4 8 2009 4 7 5,000 2007 1 10 12 500 2007 2 12 12 1,000 2007 2 25 12 400 2007 10 29 2008 10 29 1,000 22005 1 1 1,000 2005 1 1 2007 12 31 2007 1 8 2008 1 8 1,000 32005 6 16 2500 2005 6 17 2008 6 16 2005 6 17 2008 6 16 800 2005 6 17 2010 6 16 2005 7 15 2008 7 14 800 2005 7 15 2010 7 14 2005 8 22 2008 8 21 900 2005 8 22 2010 8 21 42006 5 22 2,000 2007 5 22 2008 5 21 1,500 52007 4 23 7,300 2007 4 23 2009 4 22 2007 12 10 2008 12 10 2,000 2007 12 10 2010 12 10 62007 5 21 3,000 2007 5 21 2008 5 21,1000 2007 5 21 2008 5 21 2007 6 8 2008 6 8 2,000 2007 6 8 2008 6 8 72007 6 4 2,000 2007 6 4 2010 6 3 2007 6 6 2008 6 5 1,500 Annual Report 2007 21
82007 6 14 2007 6 14 2010 6 13 4,000 2007 6 14 2008 6 13 1,000 2007 9 2 2008 9 2 1,000 2007 9 9 2008 9 9 1,000 92007 6 29 9,900 2007 6 29 2009 6 28 2007 6 29 2008 6 28 9,900 2007 6 29 2009 6 28 3 12005 6 17 800 2005 6 17 2008 6 16 22005 7 15 800 2005 7 15 2008 7 14 32005 8 22 900 2005 8 22 2008 8 21 42006 12 13 1,000 2006 12 13 2008 12 13 52007 1 8 1,000 2007 1 8 2008 1 8 62007 1 10 500 12 72007 1 12 500 82007 2 12 4,900 2007 2 12 2008 2 11 92007 2 12 1,000 2007 2 12 2008 2 12 102007 2 12 1,000 12 112007 2 15 1,000 1 122007 2 25 400 12 132007 3 8 2,000 2007 3 8 2008 3 7 142007 3 21 700 1 152007 4 28 1,000 1 162007 5 21 1,000 1 172007 5 22 1,500 182007 6 6 1,500 1 192007 6 8 2,000 1 202007 6 14 1,000 2007 6 14 2008 6 13 212007 6 26 10,000 12 22 Annual Report 2007
222007 6 29 9,900 1 232007 7 17 1,500 2007 7 18 2008 7 18 242007 9 2 1,000 2007 9 2 2008 9 2 252007 9 9 1,000 2007 9 9 2008 9 9 26 272007 10 29 1,000 1 282007 12 10 2,000 1 292007 12 11 1,000 1 302007 12 21 90 2007 12 21 2008 12 12 312007 12 21 180 2007 12 21 2008 12 12 322007 12 24 236 2007 12 24 2008 12 22 332007 12 24 203 2007 12 24 2008 12 22 342007 12 28 510 2008 1 1 2008 12 31 12003 7 29 2003 0013 21 44,972 750 2003 7 29 2014 7 29 Annual Report 2007 23
20,300 27,800 24.62% 24 Annual Report 2007
UBS 2007 1[2006]843 910 1240 2150 682.5 75%[2007]92 2007 2 5 2007 3 5 2007 8 30 Annual Report 2007 25
Beijing JingDu Certified Public Accountants Co.,Ltd. 26 Annual Report 2007
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Annual Report 2007 27
28 Annual Report 2007
Annual Report 2007 29
30 Annual Report 2007
Annual Report 2007 31
507,600,000.00 88,422,381.41 82,199,598.56 286,393,909.63 1,170,507.55 965,786,397.15 507,600,000.00 90,360,541.59 68,156,228.84 200,611,582.18 1,126,213.37 867,854,565.98-19,509,530.37-31,351,901.09-191,628,104.75-242,489,536.21-19,267,690.55-27,161,701.54-153,916,308.70-200,345,700.79 507,600,000.00 68,912,851.04-50,847,697.47 94 765 804 88 1,170,507.55 723,296,860.94 507,600,000.00 71,092,851.04 40,994,527.30 46,695,273.48 1,126,213.37 667,508,865.19 1,000,000.00-11,223,753.30 60 405 779 66-165,278.65 72,464,254.31-2,180,000.00 9,853,170.17 48,070,531.40 44,294.18 55,787,995.75 112,237,532.96 112,237,532.96 98,531,701.57 98,531,701.57 1,000,000.00 - -165,278.65 834,721.35-2,180,000.00 44,294.18-2,135,705.82 1,000,000.00-165,278.65 834,721.35-2,180,000.00 44,294.18-2,135,705.82 1,000,000.00 11,223,753.30 - - 51 831 753 30 11,223,753.30-11 223 753 30-40 608 000 00-112,237,532.96-165,278.65 113,072,254.31-2,180,000.00 98,531,701.57 44,294.18 96,395,995.75-40,608,000.00 9,853,170.17-50,461,170.17-40,608,000.00 9,853,170.17-9,853,170.17-40,608,000.00-40,608,000.00-40,608,000.00 507,600,000.00 69,912,851.04 62,071,450.77 155,171,584.54 1,005,228.90 795,761,115.25 507,600,000.00 68,912,851.04 50,847,697.47 94,765,804.88 1,170,507.55 723,296,860.94
507,600,000.00 88,422,381.41 82,199,598.56 286,393,909.63 1,170,507.55 965,786,397.15 507,600,000.00 90,360,541.59 68,156,228.84 200,611,582.18 1,126,213.37 867,854,565.98-19,509,530.37-31,351,901.09-191,628,104.75-242,489,536.21-19,267,690.55-27,161,701.54-153,916,308.70-200,345,700.79 507,600,000.00 68,912,851.04-50,847,697.47 94 765 804 88 1,170,507.55 723,296,860.94 507,600,000.00 71,092,851.04 40,994,527.30 46,695,273.48 1,126,213.37 667,508,865.19 1,000,000.00-11,223,753.30 60 405 779 66-165,278.65 72,464,254.31-2,180,000.00 9,853,170.17 48,070,531.40 44,294.18 55,787,995.75 112,237,532.96 112,237,532.96 98,531,701.57 98,531,701.57 1,000,000.00 - -165,278.65 834,721.35-2,180,000.00 44,294.18-2,135,705.82 1,000,000.00-165,278.65 834,721.35-2,180,000.00 44,294.18-2,135,705.82 1,000,000.00 11,223,753.30 - - 51 831 753 30 11,223,753.30-11 223 753 30-40 608 000 00-112,237,532.96-165,278.65 113,072,254.31-2,180,000.00 98,531,701.57 44,294.18 96,395,995.75-40,608,000.00 9,853,170.17-50,461,170.17-40,608,000.00 9,853,170.17-9,853,170.17-40,608,000.00-40,608,000.00-40,608,000.00 507,600,000.00 69,912,851.04 62,071,450.77 155,171,584.54 1,005,228.90 795,761,115.25 507,600,000.00 68,912,851.04 50,847,697.47 94,765,804.88 1,170,507.55 723,296,860.94 Annual Report 2007 33
8,413,011.23 1,643,568.99 126,009.61 20,505.66 9,910,064.95 608,319.32 608,319.32 8,413,011.23 2,251,888.31 126,009.61 20,505.66 10,518,384.27
[1999]653 1999 7 23 TRIDUSINTERNATIONALINC() TAIGENEMETALCOMPANYL.L.C 5,200 2000 3 31 4 1 3,500 2000 4 20 8,700 2000 2000 2000 8,700 10 8 1 15,660 2001 2001 2001 15,660 10 5 1 23,490 2002 2003 [2004]15 2003 23,490 10 2 4,698 [2002]375 1,890 25,380 2004 2004 2004 6 30 25,380 10 2 1 2004 6 30 25,380 10 8 1 50,760 2006 1 23 2006 3 17 10 2.8 50,760 29,030.4 57.19% 21,729.6 42.81% 2006 5 18 2006 5 18 25% 2006 1 38 [2006]3 2007 1 1 2006 38 7 [2007]10 1 2 1 1 1 12 31 2 3 4 5 1 Annual Report 2007 35
36 Annual Report 2007 2 6 1 A. B. 2 ((7)) 3 4 5 6
( ) [] 7 7 (1): 10% 10% (2)(1) (3) 8 1 2 3 Annual Report 2007 37
4 9 1 2 8 2007 1 1 10 11 1 2 20-40 3-10% 2.25-4.85% 5-10 3-10% 9-19.4% 5-10 3-10% 9-19.4% 5-10 3-10% 9-19.4% 12 13 14 38 Annual Report 2007
Annual Report 2007 39 15 1 A. B. C. 2 3 16 17 18 A B C 19 1 2 3 20 1 2
40 Annual Report 2007 3 21 22 1 23 A B A B 24 1 2 25
1 2 2 1 2007 3 16 () 2008 1 1 2 1 [2003] 222 2004 1 1 17% 13% 2 15% 200373 10% 3[2004] 0178 2004 1 1 2006 12 31 15% 15%2007 15% 4 15% 10% 2006 10% 2005 0.75% 5 15% 6[1993] 05 15% 7 24% 70% 2007 12% 8 15% 2007 12 31 9019.6078 2500 2150 48,226,207.23 51.00 51.00 24,473,522.51 98.00 98.00 130,401,187.59 75.00 75.00 Annual Report 2007 41
2003.7 117,344,971.64 66.00 66.00 4200 34,062,114.98 65.00 65.00 180 1,653,032.23 56.00 56.00 123601.68 107,818,118.22 70.00 70.00 3895 49,161,625.29 86.00 86.00 1 86% 1% 2007 3 6 1% 86% 2007 6 12 2 910 682.5 75% 2150 2007 2 25 3 77 50.82 66% 2003.7 2007 12 20 4 15,258.08 10,680.66 70% 123,601.68 2007 12 29 1 2007.12.31 2006.12.31 316,733.17 309,805.83 279,539,828.37 325,116,712.97 19,509,827.98 18,232,283.13 299,366,389.52 343,658,801.93 4,712.00 0.9364 4,512.07 4,763.08 1.0047 4,782.93 42 Annual Report 2007
3,757,820.97 7.3046 27,449,379.05 9,372,204.51 7.8087 73,185,146.54 6,448,686.00 0.0641 413,127.50 10,106,048.00 0.0656 663,259.93 85,206.21 10.6669 908,886.10 21,036.07 10.2665 215,966.81 28,775,904.72 74,069,156.21 2007 12 31 299,366,389.52 19,990,888.85-2007 12 31 279,375,500.67 2006 12 31 325,433,322.19 /() -46,057,821.52 2 7,135,000.00 3,336,340.00 1 2007 12 31 2 3,798,660.00 53.24% 3 1 A. 2007.12.31 2006.12.31 % % 164,813,164.47 28.25 1,648,131.64 156,876,839.64 33.45 1,568,768.40 1,919,262.10 0.33 1,313,060.51 1,085,974.63 0.23 775,579.24 7 416,604,039.88 71.42 5,119,622.49 310,959,856.98 66.32 4,113,403.67 583,336,466.45 100.00 8,080,814.64 468,922,671.25 100.00 6,457,751.31 7 B 2007.12.31 2006.12.31 % % % % 577,730,363.37 99.03 5,703,366.38 1.00 463,119,729.10 98.77 4,644,094.32 1.00 1,731,183.90 0.30 86,559.20 5.00 3,200,791.43 0.68 159,152.15 5.00 1,955,657.08 0.34 977,828.55 50.00 1,516,176.09 0.32 878,925.60 50.00 1,919,262.10 0.33 1,313,060.51 68.41 1,085,974.63 0.23 775,579.24 71.42 583,336,466.45 100.00 8,080,814.64 468,922,671.25 100.00 6,457,751.31 2004-706,858.92 C 2007.01.01 2007.12.31 6,457,751.31 1,643,568.99-20,505.66 8,080,814.64 D 5% 5% 44,473,093.72 E 2007 12 31 263,808,651.53 45.22% Annual Report 2007 43
2 A 2007.12.31 2006.12.31 % % 74,702,161.80 22.17 747,021.62 93,968,228.46 33.02 939,682.28 842,162.56 0.25 421,081.28 600,767.99 0.21 300,384.00 7 261,382,244.65 77.58 2,778,316.94 189,992,161.05 66.77 1,764,841.14 336,926,569.01 100.00 3,946,419.84 284,561,157.50 100.00 3,004,907.42 7 B 2007.12.31 2006.12.31 % % % % 334,259,208.34 99.20 2,879,629.06 0.86 282,397,730.67 99.24 2,516,671.03 0.89 593,087.91 0.18 29,654.40 5.00 1,318,837.85 0.46 65,941.89 5.00 1,232,110.20 0.37 616,055.10 50.00 243,820.99 0.09 121,910.50 50.00 842,162.56 0.25 421,081.28 50.00 600,767.99 0.21 300,384.00 50.00 336,926,569.01 100.00 3,946,419.84 284,561,157.50 100.00 3,004,907.42 C 2007.01.01 2007.12.31 3,004,907.42 941,512.42 - - 3,946,419.84 D 5% 5% 44,473,093.72 E 2007 12 31 180,607,743.13 53.60% 4 1 2007.12.31 2006.12.31 % % 48,565,879.77 90.92 82,874,272.37 92.45 2,249,609.02 4.21 3,069,413.82 2.09 1,807,318.64 3.38 817,951.36 0.91 797,266.63 1.49 2,878,619.44 4.55 53,420,074.06 100.00 89,640,256.99 100.00 2 2007 12 31 5% 3 2007 12 31 1 4 36,220,182.93 40.41% 5 2007.12.31 2006.12.31 3,959,929.03 2,733,363.25 44 Annual Report 2007
6 1 A. 2007.12.31 2006.12.31 % % - - - - - - 2,496,213.18 23.33 1,394,106.61 1,764,622.65 22.44 1,028,611.33 7 8,201,965.00 76.67 435,143.70 6,100,222.75 77.56 926,648.59 10,698,178.18 100.00 1,829,250.31 7,864,845.40 100.00 1,955,259.92 7 B 2007.12.31 2006.12.31 % % % % 5,806,484.44 54.28 54,613.23 1.00 2,780,672.36 35.35 28,903.22 1.00 1,812,499.91 16.94 89,040.13 5.00 1,693,332.97 21.53 84,636.65 5.00 582,980.65 5.45 291,490.34 50.00 1,626,217.42 20.68 813,108.72 50.00 2,496,213.18 23.33 1,394,106.61 55.85 1,764,622.65 22.44 1,028,611.33 58.29 10,698,178.18 100.00 1,829,250.31 7,864,845.40 100.00 1,955,259.92 296,800.00 2004 C 2007.01.01 2007.12.31 1,955,259.92-126,009.61-1,829,250.31 D 2007 12 31 5% E 2007 12 31 2,305,302.37 21.55% 2 A. 2007.12.31 2006.12.31 % % - - - - - - 220,087.29 0.49 110,043.65 1,209,150.77 8.61 604,575.39 7 44,963,463.76 99.51 26,648.96 12,830,809.73 91.39 9,334.90 45,183,551.05 100.00 136,692.61 14,039,960.50 100.00 613,910.29 7 B 2007.12.31 2006.12.31 % % % % 34,506,314.96 76.36 3,281.49 0.01 12,801,474.56 91.18 2,946.71 0.02 10,440,650.15 23.11 15,118.14 0.14 18,398.65 0.13 919.93 5.00 16,498.65 0.04 8,249.33 50.00 10,936.52 0.08 5,468.26 50.00 220,087.29 0.49 110,043.65 50.00 1,209,150.77 8.61 604,575.39 50.00 45,183,551.05 100.00 136,692.61 14,039,960.50 100.00 613,910.29 C 2007.01.01 2007.12.31 613,910.29-477,217.68-136,692.61 D 2007 12 31 5% Annual Report 2007 45
E. 2007 12 31 30,719,543.77 67.99% 7 1 2007.01.01 2007.12.31 226,059,501.14 1,368,294,449.09 1,300,072,991.63 294,280,958.60 107,483,206.00 1,354,908,755.91 1,370,794,482.42 91,597,479.49 119,759,498.40 1,805,226,175.43 1,776,460,419.27 148,525,254.56 3,979,685.47 30,362,418.70 30,726,531.30 3,615,572.87 457,281,891.01 4,558,791,799.13 4,478,054,424.62 538,019,265.52 2 2007.01.01 2007.12.31-608,319.32 - - 608,319.32 8 1 2007.01.01 2007.12.31 928,050.78-67,847.97-860,202.81 130,764,546.16 5,407,343.09 1,377,000.00 134,794,889.25 5,720,000.00 - - 5,720,000.00 137,412,596.94 5,339,495.12 1,377,000.00 141,375,092.06 - - - - 137,412,596.94 5,339,495.12 1,377,000.00 141,375,092.06 A 50% 50% 1,720,405.01 34,681,151.74 194,861.36 B 30.60% 30.60% 345,586,346.37 388,361,378.29 127,699.52 C 46 Annual Report 2007 27% 27% 107,575,804.64 594,545,542.42 21,099,801.40 D 8% 8% 2007.01.01 2007.12.31 5,720,000.00 5,720,000.00 - - 5,720,000.00 E 2007.01.01 2007.12.31 103,281,954.86 107,416,025.28-289,603.29 1,377,000.00 105,749,421.99 13,500,000.00 23,348,520.88 5,696,946.38 29,045,467.26 5,122,636.93 928,050.78-67,847.97 - - 860,202.81
131,692,596.94 5,339,495.12-1,377,000.00 135,655,092.06 F 2007 12 31 2 2007.01.01 2007.12.31 448,930,582.32 64,210,197.37-513,140,779.69 928,050.78-67,847.97-860,202.81 130,764,546.16 5,407,343.09 1,377,000.00 134,794,889.25 5,720,000.00 - - 5,720,000.00 586,343,179.26 69,549,692.49 1,377,000.00 654,515,871.75 - - - - 586,343,179.26 69,549,692.49 1,377,000.00 654,515,871.75 A 105,562,113.93 167,051,758.01 7,006,560.24 26,100,825.78 22,873,867.98 (154,494.19) 366,307,728.85 606,911,957.47 75,953,846.99 262,450,728.12 414,486,773.20 21,887,595.15 51,791,170.15 99,671,378.05 1,771,246.96 31,343,400.04 457,031,629.11 20,857,937.67 167,170,056.04 253,319,930.77 17,662,155.84 52,655,739.27 130,661,391.26 454,451.02 B C 50% 50% 1,720,405.01 34,681,151.74 194,861.36 30.60% 30.60% 345,586,346.37 388,361,378.29 127,699.52 27% 27% 107,575,804.64 594,545,542.42 21,099,801.40 D 8% 8% E 2007.01.01 2007.12.31 48,226,207.23 48,226,207.23 - - 48,226,207.23 24,473,522.51 24,473,522.51 - - 24,473,522.51 130,401,187.59 77,031,735.09 53,369,452.50-130,401,187.59 117,344,971.64 113,504,226.77 3,840,744.87-117,344,971.64 34,062,114.98 34,062,114.98 - - 34,062,114.98 1,653,032.23 1,653,032.23 - - 1,653,032.23 107,818,118.22 100,818,118.22 7,000,000.00-107,818,118.22 49,161,625.29 49,161,625.29 - - 49,161,625.29 5,720,000.00 5,720,000.00 - - 5,720,000.00 454,650,582.32 64,210,197.37-518,860,779.69 Annual Report 2007 47
F 2007.01.01 2007.12.31 103,281,954.86 107,416,025.28-289,603.29 1,377,000.00 105,749,421.99 13,500,000.00 23,348,520.88 5,696,946.38 29,045,467.26 5,122,636.93 928,050.78-67,847.97 - - 860,202.81 131,692,596.94 5,339,495.12-1,377,000.00 135,655,092.06 G 2007 12 31 9 2007.01.01 2007.12.31 - - 600,000.00 - - 600,000.00 1 - - 600,000.00 - - 600,000.00 2 - - - - - - - - 56,250.00 - - 56,250.00 1 - - 56,250.00 - - 56,250.00 2 - - - - - - - - - - - - 1 - - - - - - 2 - - - - - - - - 543,750.00 - - 543,750.00 1 - - 543,750.00 - - 543,750.00 2 - - - - - - 10 1 2007.01.01 2007.12.31 283,278,875.90 63,676,072.01 194,779.55 346,760,168.36 552,076,497.91 81,436,509.20 6,227,637.47 627,285,369.64 21,879,750.97 4,100,357.69 2,293,251.35 23,686,857.31 34,460,441.25 6,298,617.72 664,158.78 40,094,900.19 891,695,566.03 155,511,556.62 9,379,827.15 1,037,827,295.50 A 79,711,146.08 B 2007 00016 390 2007 9 20 2017 9 18 3,294,697.02 2 2007.01.01 2007.12.31 47,447,684.19 12,076,646.15 176,123.04 59,348,207.30 185,598,731.34 52,089,006.46 3,517,312.05 234,170,425.75 13,939,618.03 2,316,526.93 1,574,164.22 14,681,980.74 17,629,938.60 3,188,961.47 357,637.81 20,461,262.26 264,615,972.16 69,671,141.01 5,625,237.12 328,661,876.05 3 2007.01.01 2007.12.31 235,831,191.71 287,411,961.06 366,477,766.57 393,114,943.89 7,940,132.94 9,004,876.57 16,830,502.65 19,633,637.93 627,079,593.87 709,165,419.45 4 2007 12 31 48 Annual Report 2007
11 1 15,702,668.00 2009 PCM 5,700,000.00 2008 61,000,000.00 2009 2 2007.12.31 2007.01.01-1,795,957.00 - - 1,795,957.00 - PCM 1,953,731.14 137,600.00 - - 2,091,331.14 - - 7,833,152.81 - - 7,833,152.81 - - 230,000.00 - - 230,000.00-47,489,457.75 9,156,656.33 56,646,114.08 - - - 317,932.37 3,073,103.36 3,391,035.73 - - - 16,077,691.26 8,291,352.58 19,673,996.27-4,695,047.57-65,838,812.52 30,517,822.08 79,711,146.08-16,645,488.52-3 2007 12 31 12 1 2007.01.01 2007.12.31 55,636,508.76 11,748,875.00-67,385,383.76 1,276,300.00 130,600.00-1,406,900.00 2,226,092.00 - - 2,226,092.00 24,554,400.00 - - 24,554,400.00 9,770,140.33 - - 9,770,140.33 2,800,000.00 - - 2,800,000.00 96,263,441.09 11,879,475.00-108,142,916.09 2 2007.01.01 2007.12.31 6,242,670.13 1,558,213.73-7,800,883.86 776,406.51 483,671.14-1,260,077.65 2,133,338.55 92,753.45-2,226,092.00 7,623,099.94 2,455,439.96-10,078,539.90 5,292,159.43 977,014.08-6,269,173.51 1,232,139.64 443,833.60-1,675,973.24 23,299,814.20 6,010,925.96-29,310,740.16 3 2007.01.01 2007.12.31 49,393,838.63 11,748,875.00 1,558,213.73 59,584,499.90 499,893.49 130,600.00 483,671.14 146,822.35 92,753.45-92,753.45-16,931,300.06-2,455,439.96 14,475,860.10 4,477,980.90-977,014.08 3,500,966.82 1,567,860.36-443,833.60 1,124,026.76 72,963,626.89 11,879,475.00 6,010,925.96 78,832,175.93 A B a 2003 0013 44,972 750 2003 7 29 2014 7 29 3,141,308.00 b 2004 0008 5,067.5 147 2004 3 8 2014 3 8 873,718.04 4 2007 12 31 Annual Report 2007 49
13 2007.01.01 2007.12.31 35,526,946.26 35,526,946.26-35,526,946.26-14 2007.01.01 2007.12.31 370,000.00 60,000.00-40,000.00 350,000.00 20,000.00 4 4,234,854.62 906,897.23-752,510.40 4,080,467.79 154,386.83 22-32 966,897.23-792,510.40 4,430,467.79 174,386.83 15 2007.12.31 2006.12.31 1,040,001.77 5,613,305.58 802,523.24 4,585,879.30 306,029.66 1,593,618.34 283,696.63 1,873,917.47 152,079.83 608,319.32 - - 1,311,434.74 10,907,567.19 1,018,906.34 9,002,941.71 2,809,546.00 18,722,810.43 2,105,126.21 15,462,738.48 16 2007.01.01 2007.12.31 8,413,011.23 1,643,568.99 126,009.61 20,505.66 9,910,064.95-608,319.32 - - 608,319.32 8,413,011.23 2,251,888.31 126,009.61 20,505.66 10,518,384.27 17 2007.12.31 2006.12.31 67,000,000.00 221,296,900.00 7,090,000.00 7,880,000.00 487,000,000.00 294,000,000.00 561,090,000.00 523,176,900.00 2003 0013 2004 0008 2007 0016 1287 709 18 2007.12.31 2006.12.31 55,457,000.00 38,140,000.00 1 2007 12 31 5% 2 17,317,000.00 45.40% 19 1 2007.12.31 2006.12.31 % % 231,495,889.22 82.72 251,545,979.60 91.72 27,930,486.34 9.98 19,571,478.15 7.14 17,631,392.99 6.30 1,509,041.35 0.55 2,794,790.38 1.00 1,617,978.37 0.59 279,852,558.93 100.00 274,244,477.47 100.00 2 2007 12 31 5% 3 2007 12 31 21,131,093.00 4 2007 12 31 50 Annual Report 2007
20 1 2007.12.31 2006.12.31 % % 17,799,130.90 92.88 11,499,890.71 90.44 319,013.13 1.66 567,400.86 4.46 509,068.02 2.66 382,107.65 3.00 537,243.50 2.80 266,751.11 2.10 19,164,455.55 100.00 12,716,150.33 100.00 2 2007 12 31 5% 3 2007 12 31 4 6,448,305.22 50.71% 21 2007.01.01 2007.12.31 8,421,218.90 153,870,515.60 152,644,367.36 9,647,367.14 22,970,990.42 9,407,457.93 17,800,634.45 14,577,813.90 289,044.58 22,262,082.66 22,245,744.95 305,382.29 1-6,278,062.86 6,235,460.97 42,601.89 2 136,407.08 12,782,175.53 12,833,508.81 85,073.80 3-904,639.20 904,639.20-4 -360.00 1,381,706.11 1,372,825.73 8,520.38 5 152,997.50 388,898.15 385,490.00 156,405.65 6-526,600.81 513,820.24 12,780.57 1,131,470.34 6,561,401.89 6,495,354.03 1,197,518.20 307,415.40 1,240,521.51 1,095,248.05 452,688.86 33,120,139.64 193,341,979.59 200,281,348.84 26,180,770.39 22 2007.12.31 2006.12.31-11,585,872.92 1,387,895.85 31,613.00 6,157.50 721,943.61 529,313.66 22,639,287.59 8,682,029.45 2,445,457.01 417,955.96 351,722.56 272,810.49 409,066.26 27,444.43 15,013,217.11 11,323,607.34 1 2 3,689,609.77 32.58% 23 2007.12.31 2006.12.31 134,375.00 77,327.07 24 2007.12.31 2006.12.31 989,188.93-110,689.60 110,689.60 2,417,507.90 1,184,578.87 500,949.47-4,018,335.90 1,295,268.47 25 1 2007.12.31 2006.12.31 % % 71,575,681.85 75.45 45,620,318.99 57.15 11,336,283.28 11.95 31,977,949.06 40.06 9,813,700.37 10.34 281,454.33 0.35 2,147,179.16 2.26 1,947,621.26 2.44 94,872,844.66 100.00 79,827,343.64 100.00 Annual Report 2007 51
2 5% 5% 5,100,000.00 3 5,100,000.00 2,146,367.03 4 5 2007 12 31 26 1 2007.12.31 2006.12.31 25,000,000.00 - - 49,000,000.00-30,453,930.00 25,000,000.00 79,453,930.00 27 2007.12.31 2006.12.31-25,000,000.00 2007 12 31 28 2007.12.31 2006.12.31 132,380.21 529,520.84 202,211.07 612,760.83 29 2007.12.31 2006.12.31 8,374,583.33 14,144,000.00,40 30 2007.01.01 2007.12.31 1. - - - - - - - - - 2. - - - - - - - - - 3. 166,603,768.00 32.82 - - - - - 166,603,768.00 32.82 166,603,768.00 32.83 - - - - - 166,603,768.00 32.82 - - - - - - - - - 4 50,692,232.00 - - - - - - 50,692,232.00 9.99 50,692,232.00 - - - - - - 50,692,232.00 9.99 - - - - - - - - - 217,296,000.00 42.81 - - - - - 217,296,000.00 42.81 1. 290,304,000.00 57.19 - - - - - 290,304,000.00 57.19 2. - - - - - - - - - 3. - - - - - - - - - 4. - - - - - - - - - 290,304,000.00 57.19 - - - - - 290,304,000.00 57.19 507,600,000.00 100.00 - - - - - 507,600,000.00 100.00 2 5% % 123,429,388.37 24.32% 28,617,202.78 5.64% 26,400,888.16 5.20% 52 Annual Report 2007
31 2007.01.01 2007.12.31 86,064,378.45 5,682,456.03-91,746,834.48 23,325,815.46 - - 23,325,815.46 109,390,193.91 5,682,456.03-115,072,649.94 (1) 2006 2006 200742 1,000,000.00 (2 2007 12 31 25,658,855.00-32 2007.01.01 2007.12.31 50,847,697.47 11,223,753.30-62,071,450.77 33 2007 2006 284,062,079.32 198,775,314.70 47,290,956.55 41,575,712.26 331,353,035.87 240,351,026.96 164,006,837.81 141,463,179.07 11,223,753.30 9,853,170.16 40,608,000.00 40,608,000.00 443,528,120.38 331,353,035.87 2 34 2007.12.31 2006.12.31 51,228,130.58 47,794,916.06 522,016.52 525,106.39 17,703,287.50 4,690,962.50 89,233,247.56 84,097,258.43 18,126,909.55 17,506,973.11 13,791,096.02 9,451,714.69 50,146,601.24 46,452,183.98 7,371,803.50 7,115,513.53 248,123,092.47 217,634,628.69 35 1 A 2007 2006 1,975,875,879.23 1,475,005,303.53 1,749,198,102.48 1,290,143,679.89 98,313,107.31 79,823,059.15 42,946,384.29 40,988,123.27 2,074,188,986.54 1,554,828,362.68 1,792,144,486.77 1,331,131,803.16 B 2007 2006 1,860,356,680.44 1,371,683,757.28 1,618,291,083.10 1,175,928,116.65 115,519,198.79 103,321,546.25 130,907,019.38 114,215,563.24 1,975,875,879.23 1,475,005,303.53 1,749,198,102.48 1,290,143,679.89 Annual Report 2007 53
2007 2006 2,026,168,928.98 1,713,699,545.35 1,503,525,391.17 1,220,912,859.44 1,123,038,394.42 931,759,435.14 1,007,899,023.33 831,206,392.73 1,173,331,444.17 1,170,453,676.96 762,226,312.02 761,975,572.28 1,975,875,879.23 1,475,005,303.53 1,749,198,102.48 1,290,143,679.89 838,792,450.54 40.44% 2 A 2007 2006 1,095,522,848.59 932,793,954.00 832,835,603.62 697,153,475.09 2,528,467.54 96,022.17 130,168,156.01 115,863,795.08 1,098,051,316.13 932,889,976.17 963,003,759.63 813,017,270.17 B 2007 2006 985,606,609.41 822,877,714.82 607,062,953.02 487,485,503.54 109,916,239.18 109,916,239.18 225,772,650.60 209,667,971.55 1,095,522,848.59 932,793,954.00 832,835,603.62 697,153,475.09 C 2007 2006 338,133,567.42 306,780,717.91 89,650,531.83 76,910,138.65 757,389,281.17 626,013,236.09 743,185,071.79 620,243,336.44 1,095,522,848.59 932,793,954.00 832,835,603.62 697,153,475.09 469,143,704.52 42.73% 36 2007 2006 5% 899,134.62 820,047.88 5%7% 1,317,087.34 1,250,282.44 3%4% 1,361,734.92 1,027,883.48 1.5% 17,798.55 3,142.17 3,595,755.43 3,101,355.97 37 2007 2006 1,517,559.38-1,983,962.64 608,319.32-2,125,878.70-1,983,962.64 38 1 A 2007 2006 97,430.68 68,729.69-289,603.29 3,065,798.68 5,696,946.38 5,200,035.91 - -4,231,648.19 368,367.70 5,873,141.47 4,102,916.09 B 2007 2006 5,504,773.77 8,334,564.28 5,504,773.77 8,334,564.28 - - - -4,231,648.19 368,367.70-5,873,141.47 4,102,916.09 54 Annual Report 2007
2 A 2007 2006-2,466,010.21 25,000,000.00 30,000,000.00 6,889,503.31 4,101,275.64 6,157,596.12 5,420,223.78 10,199,627.83 2,960,240.11 1,505,000.00 4,837,396.31 - -7,840,000.00 97,430.68 68,729.69-289,603.29 3,065,798.68 5,696,946.38 5,200,035.91 55,256,501.03 50,279,710.33 B 2007 2006 55,256,501.03 58,119,710.33 5,504,773.77 8,334,564.28 49,751,727.26 49,785,146.05 - -7,840,000.00 55,256,501.03 50,279,710.33 C 39 2007 2006 21,623,992.59 628,000.00 516,386.50 214,467.57 381,017.54 62,858.93 76,287.93 83,332.00 22,597,684.56 988,658.50 40 1 Annual Report 2007 55
2 2007 2006 2007.12.31 2006.12.31 HDD 146,666.67-853,333.33-133,333.33 666,666.67-35,416.67 214,583.33-315,416.67-1,734,583.33 - - 14,000.00 - - - 384,000.00 - - ISO1400-30,000.00 - - - 200,000.00 - - 1,000,000.00 - - - 450,000.00 - - - IT 200,000.00 - - - 20,000.00 - - - 500,000.00 - - - 400,000.00 - - - 256,000.00 - - - 1,000,000.00 - - - 1,100,000.00 - - - 4,050,000.00 - - - 432,575.92 - - - 11,900,000.00 - - - 21,308,575.92 628,000.00 - - 21,623,992.59 628,000.00 1,734,583.33-41 2007 2006 1,131,770.86 6,706,248.43 70,173.31 220,169.66 80,500.00 78,000.00 122,690.70 128,232.00 344,901.86 7,547.77 1,750,036.73 7,140,197.86 42 2007 2006 48,415,419.82 31,438,155.16 56 Annual Report 2007
-774,250.65 782,483.41 47,641,169.17 32,220,638.57 2007 2006 242,901,858.54 197,677,716.88 36,435,278.78 29,651,657.53 *15% - - 4,339,781.72 1,177,779.31 - - - - 6,630,756.98 1,391,201.73 80,857.50 - - - 154,494.19 - - - 47,641,169.17 32,220,638.57 43 2007 2006 a 164,006,837.81 141,429,188.66 b 507,600,000.00 507,600,000.00 a/b 0.32 0.28 44 25,852,089.18 2007 2006 17,758,575.92 12,168,000.00 4,509,135.70 - - 641,076.75 1,000,000.00 3,558,163.02-148,412.00 45 100,797,540.77 2007 2006 29,500,075.67 15,960,421.33 8,594,448.28 9,923,476.89 7,955,701.10 6,755,442.01 5,992,939.43-5,392,036.20 4,036,605.63 5,087,316.68 3,973,622.94 4,925,413.37 3,553,979.90 3,519,348.89 3,552,714.96 2,446,994.33 3,200,621.75 2,245,749.23-1,648,797.74 2,898,855.80 1,361,505.64 1,342,924.53 841,265.45 927,875.00 676,384.00 250,000.00-120,000.00 46 3,329,920.60 2007 2006 3,329,920.60 2,877,389.53 47 780,984.87 2007 2006 780,984.87 814,954.64 2,180,000.00 Annual Report 2007 57
48 2007 2006 1. 195,260,689.37 112,237,532.96 165,457,078.31 98,531,701.57 2,125,878.70 464,294.74-1,983,962.64-1,581,912.72 69,727,391.01 6,213,539.66 64,235,461.58 5,602,499.96 6,010,925.96 491,565.77 4,037,916.98-792,510.40-997,261.65-615,384.36-66,331.62 6,491,780.86 - - 42,195,565.26 18,070,253.32 26,050,802.23 8,134,373.66-5,873,141.47-55,256,501.03-4,102,916.09-50,279,710.33-704,419.79-7,012.46 749,774.07 718,499.38-69,830.86 32,709.34-80,129,055.19-36,242,636.71-58,280,595.49 34,633,187.31-75,731,231.33-52,712,733.81-83,142,263.00-7,214,782.03-54,913,044.93 13,118,615.07 143,031,435.27 67,188,909.25-1,765,409.11 2,843,236.79-97,542,212.38 6,310,585.89 266,417,719.86 155,732,766.05 2. - - - - - - - - 3. 279,375,500.67 168,694,900.77 325,433,322.19 189,769,940.52 325,433,322.19 189,769,940.52 249,636,937.52 103,995,960.63 - - - - - - - - -46,057,821.52-21,075,039.75 75,796,384.67 85,773,979.89 1 1 A % % 8 31.42 31.42 1,658.00 B 2 5.64% 58 Annual Report 2007
2 1 2007 2006 11,708.12 6.29 7,450.82 4.26 5,943.52 3.19 5,153.92 2.95 2,789.91 1.50 233.51 0.13 20,441.55 10.98 12,838.26 7.34 2 2007 2006 16,296.26 12% 10,914.80 11.47% 3 A.(:) 2007 12 31 100,000,000.00 64,000,000.00 (:) 2007 12 31 99,000,000.00 59,000,000.00 75,000,000.00 25,000,000.00 B. 20,000,000.00 2007 3 8 2008 3 8 6.12% C. 2007 510 2007 12 31 2007 6.12% 312,120.00 2007 12 31 596,700.00 3 2007.12.31 2006.12.31 44,473,093.72 22,428,203.89 7,877,893.48 10,761,263.26 131.48 4,400,096.01 800,000.00 21,131,093.00 37,125,710.94 5,100,000.00 5,384,580.00 2,146,367.03 3,107,469.91 39,867,000.00 25,510,000.00 2007 12 31 2007 12 31 2007 2007 12 31 50,760 10 0.91 46,191,600.00 2008 3 25 2007 12 31 Annual Report 2007 59
1 2007 2006 2007 2006 2007 2006 2007 2006 14.52% 14.14% 15.39% 15.11% 0.32 0.28 0.32 0.28 13.30% 14.27% 14.10% 15.25% 0.30 0.28 0.30 0.28 2007-627,432.73 16,022,367.59-215,908.33 1,652,227.86 16,831,254.39-3,066,394.38 13,764,860.01 2 1 2006 1 1 2006 1 1 866,018,298.50 1. 11,871,092.64 2. 3. 4. 5. 6. 7. 0 8. 9. 10. 11. 12. 2,542,918.09 13. 180,968,940.49 14. 13,450,937.50 2006 1 1 1,074,852,187.22 38,, 1 13,450,937.50 31 60 Annual Report 2007
2 2006 12 31 2007 2006 2006 12 31 963,454,566.84 963,454,566.84-1. 14,212,611.19 42,055.67 14,170,555.52-42,055.67-42,055.67 2. - 3. - 4. - 5. - 6. - 7. - - - - - 8. - 9. - 10. - 11. - 12. 1,726,444.27 909,749.01 816,695.26 13. 217,634,628.69 238,602,441.19-20,967,812.50 14.B H 15. 20,967,812.50 20,967,812.50 2007 1 1 1,217,996,063.49 1,203,008,812.71 14,987,250.78 2007 2007 2006 2007 14,987,250.78 14,170,555.52 816,695.26 20,967,812.50 31 3 2006 1,792,144,486.77 1,792,144,486.77-1,331,131,803.16 1,331,131,803.16-3,101,355.97 3,101,355.97-97,074,708.64 97,074,708.64-129,577,759.54 129,577,759.54-33,516,481.95 33,516,481.95 - -1,983,962.64-1,983,962.64 - - - - 1,761,397.54 4,102,916.09 2,341,518.55 - - 201,487,737.69 203,829,256.24 2,341,518.55 988,658.50 988,658.50-7,140,197.86 7,140,197.86 - - - 195,336,198.33 197,677,716.88 2,341,518.55 31,438,155.16 32,220,638.57-782,483.41-163,898,043.17 165,457,078.31 1,559,035.14 2,341,518.55 1 38 2006 906,454.43 Annual Report 2007 61
123,971.02 782,483.41 (4)2006 2006 2006 140,433,697.17-41,938,939.34 1. 2,304,574.82 2. -718,499.39 3-43,525,014.77 2006 98,494,757.83 1,746,974.85 2006 100,241,732.68 2008 3 25 62 Annual Report 2007
Annual Report 2007 63