2005 HUBEI AVIATION PRECISION MACHINERY TECHNOLOGY CO., LTD.

2005 2 3 5 7 8 13 18 43 1

2005 2

2005 ( ) 1 Hubei Aviation Precision Machinery Technology Co., Ltd. APM 2 002013 3 8 441003 http://www.hapm.cn auto@hapm.cn 4 5 0710-3345045 zhangxj@hapm.cn 0710-3345433-8043 sd308@hapm.cn 8 0710-3345024 6 http://www.cninfo.com.cn 7 8 0710-3345045 3

zhangxj@hapm.cn 2005 8 2005 5 19 4200001000827 420606722088964 1 ( ) 2005 6 30 2004 12 31 (%) ( ) 158,941,261.63 162,018,599.44-1.90 ( ) 64,560,754.02 42,427,911.78 52.17 ( ) 275,180,351.28 258,695,211.57 6.37 ( )( ) 188,869,597.26 195,267,299.79-3.28 ( ) 3.78 3.91-3.32 ( ) 3.78 3.91-3.32 (1-6 ) (%) ( ) 3,602,297.47 6,783,872.19-46.90 ( ) 3,590,785.92 6,783,872.19-47.07 ( ) 3,792,868.92 3,999,717.35-5.17 (%) 1.91% 3.47% 1.56 ( / ) 0.072 0.136-47.06 1 15,900.00 2 89,775.52 94,163.97 11,511.55 4

2005 ( ) 5000 ( ) 10,338 ( ) ( ) ( ) (%) 1 25,300,000 50.60 0 2 2,000,000 4.00 0 3 1,000,000 2.00 0 4 500,000 1.00 0 500,000 1.00 0 5 620 248,620 0.50 6 157,000 157,000 0.31 7 107,900 107,900 0.22 8 17,350 96,900 0.19 9 85,800 85,800 0.17 10 80,000 80,000 0.16 8 5 248,620.00 A 157,000.00 A 107,900.00 A 96,900.00 A 85,800.00 A 80,000.00 A 75,030.00 A 66,300.00 A 60,000.00 A

2005 60,000.00 A 1 5%( 5%) 2530 50.6% 2 3 1 1968 3 20 2 3000 2 1999 7 1 2 188 6

2005 ( ) 80000 80000-0 0-0 0-0 0-70000 70000-20000 20000-0 0-10300 10300-0 0-50000 50000-0 0-0 0-0 0-0 0-80000 80000-50000 50000-50000 50000-0 0-0 0 - ( ) 2005 4 26 2005 5 31 11 9 7

2005 ( )2005 5317.88 13.18% 1154.58 30.64% 360.23 46.90% -1672.53 11656.66 13.18% 781.84 22.49% 5.46 ( ) 1 ( ) 32.17 293493 2.01% 56479 139.32% 8

9 2005 6 112.41 2 (%) (%) (%) (%) 5,317.88 4,121.67 22.49-13.18-6.61 5.46 3 (%) (%) (%) (%) 4,767.75 3,637.29 23.71-1.43 12.79 9.62 389.71 360.77 7.43-66.74-65.68 160.43 123.61 22.95 37.34-10.14 40.72 4 1,850.62-29.46 1,659.68-14.87 956.89 2.44 190.48-67.94 240.24-218.96 1476.82 201.02 1876.60 5 2005 1-6 78.97%

2005 89.65% 112.41, 423 27.95% 22.49% 5.46 6 7 1) 2) ISO/TS16949 3) 4) 1 TJB9 2 10

2005 Air international Kim 3 4 5 IE QC ( ) 1 2005 A 2005 6 5830.47 51.32% 1000 6830.47 4600.24 ( 70.05 ) (1) 4867 800.33 3443.43 70.75% (2) 1993 192.81 286.32 14.37% 11

12 2005 (3) 2980 93.8 851.62 28.58% 3000m 2 (4) 2983 299.52 1249.10 41.87% 11,360.00 1,386.46 5,830.47 % 4,867.00 800.33 3,443.43 70.75 105.10 2006 6 30 1,993.00 192.81 286.32 14.37 31.06 2006 6 30 2,980.00 93.80 851.62 28.58 8.96 2006 6 30 2,983.00 299.52 1,249.10 41.87 3.82 2006 6 30-12,823.00 1,386.46 5,830.47 51.32 148.94 - - - - 1 1395 286 2 1987 851,

2005 13 8 2000 6 1000 2 2005 5 150 30 40 1000 50 TJB6 ( ) [2005]15

2005 ( ) 2004 2004 10% 809,733.87 5% 404,866.93 2003 19,645,311.67 26,528,049.53 2004 5000 10 2 10,000,000.00 2005 4 12 2004 2005 4 15 2005 4 18 2005 4 18 2005 4 19 2004 2005 4 ( )2005 2005 ( ) ( ) ( ) 1 2 ( ) 1 2 3 14

2005 15 4 (2003)56 ( ) ( ) 2005 (2003)56 (1) 50% 2005 (2) (2003)56 (2003)56 ( ) 5% ( 5%) ( ) ( ) ( )

16 2005 2005 3 7 3 00-5 00 2004 ( ) ( )

2 0 0 1 1 0 1 1 0 2 0 0 2 0 0 1 1 0 1 1 0 2 0 0 1 1 0 2005 ( ) 2005 5 2005 5 31 7 15 [2005] 065 066 1,460.05 308.22 2005 8 16 2005 2005 6 20 2005 6 1 2005 17

2005 2005 6 1 2005 2005 6 20 2005 2005 4 29 2005 4 29 2005 2005 4 29 2005 2005 4 12 2004 2005 4 2 2005 4 1 2005 2005 4 1 2004 2005 4 1 2004 2005 3 15 2004 2005 3 4 2004 2005 2 28 2005 2 28 2005 2 28 2004 2005 2 28 2004 2005 2 28 2005 2 28 2005 2 28 2005 2 28 2004 2005 2 28 2005 2 28 2004 2005 2 28 2004 2005 2 19 OO 2005 2 19 2005 2005 1 6 2005 1 6 2005 1 6 2005 1 6 2005 ( ) 18

2005 2005 6 30 2005 6 30 2004 12 31 2005 6 30 2004 12 31 1 70,181,299.92 86,906,618.91 12 18,200,000.00 12,000,000.00 13 8,198,867.84 2 8,620,000.00 4,170,000.00 14 25,974,174.41 21,240,361.54 15 96,460.33 7,755.00 16 1,175,108.86 2,411,765.41 3 41,876,675.68 27,267,276.33 3,421,205.84 3,209,216.43 4 244,114.21 149,616.07 5 2,382,245.44 2,932,656.78 17 3,413,377.60 194,946.48 18 144,998.15 147,640.61 6 32,693,251.66 38,121,574.88 19 3,936,560.99 3,118,214.55 7 2,943,674.72 2,470,856.47 20 98,011.76 158,941,261.63 162,018,599.44 64,560,754.02 42,427,911.78 21 21,000,000.00 21,000,000.00 8 90,313,207.05 84,270,729.48 22 750,000.00 31,933,102.45 28,485,447.76 58,380,104.60 55,785,281.72 21,750,000.00 21,000,000.00 117,192.63 117,192.63 58,262,911.97 55,668,089.09 86,310,754.02 63,427,911.78 9 52,874,910.05 35,204,207.81 111,137,822.02 90,872,296.90 23 50,000,000.00 50,000,000.00 10 3,241,267.63 3,324,315.23 50,000,000.00 50,000,000.00 11 1,860,000.00 2,480,000.00 24 112,229,850.03 112,229,850.03 25 6,509,400.23 6,509,400.23 5,101,267.63 5,804,315.23 2,169,800.07 2,169,800.07 26 20,130,347.00 26,528,049.53 188,869,597.26 195,267,299.79 275,180,351.28 258,695,211.57 275,180,351.28 258,695,211.57 19

2005 2005 6 30 2005 1-6 2004 1-6 53,178,845.21 61,252,542.14 41,216,708.90 44,133,619.83 416,349.07 472,510.44-11,545,787.24 16,646,411.87-224,934.74 277,410.80 1,316,992.00 1,714,272.29 6,232,175.45 6,160,451.51-4,930.94 1,068,072.77-4,226,485.47 7,981,026.10-15,900.00 89,775.52 94,163.97-4,237,997.02 7,981,026.10 635,699.55 1,197,153.91 3,602,297.47 6,783,872.19 26,528,049.53 19,645,311.67 30,130,347.00 26,429,183.86 : 30,130,347.00 26,429,183.86 10,000,000.00 20,130,347.00 26,429,183.86 1. 2. 3. ( ) 4. ( ) 5. 6. 20

2005 6 30 2005 1,823,719.02 418,730.46 2,242,449.48 1,815,318.17 414,283.19 2,229,601.36 8,400.85 4,447.27 2,848.12 130,999.46 130,999.46 130,999.46 130,999.46 117,192.63 117,192.63 117,192.63 117,192.63 21

2005 2005 6 30 22 2005 1-6 2004 1-6 42,819,273.84 56,829,024.64 36,821.70 909,456.00 157,254.67 43,765,551.54 56,986,279.31 26,276,990.55 39,062,744.70 8,120,494.58 5,972,423.81 3,785,204.73 5,599,458.16 1,789,992.76 2,351,935.29 39,972,682.62 52,986,561.96 3,792,868.92 3,999,717.35 16,204,266.58 5,300,185.69 16,204,266.58 5,300,185.69-16,204,266.58-5,300,185.69 115,076,558.08 13,200,000.00 7,000,000.00 549,153.76 22,037.79 13,749,153.76 122,098,595.87 7,000,000.00 3,000,000.00 11,031,570.62 1,087,005.84 31,504.47 144,499.39 18,063,075.09 4,231,505.23-4,313,921.33 117,867,090.64-16,725,318.99 116,566,622.30

2005 2005 6 30 2005 1-6 2004 1-6 1 3,602,297.47 6,783,872.19 : 418,730.46 795,003.72 3,554,759.08 3,236,236.00 694,226.24 739,941.36 620,000.00 ( : ) -472,818.25 2,817,807.46 ( : ) -54,026.36 49,214.29 ( : ) -39,488.27 49,733.89-21,331.96 1,082,468.48 ( : ) ( : ) ( : ) 5,428,323.22 3,103,005.00 ( : ) -19,242,602.82-15,282,340.73 ( : ) 16,492,560.01 574,462.40-7,237,493.79 100,047.18 3,792,868.92 3,999,717.35 2 3 70,181,299.92 126,817,994.56 : 86,906,618.91 10,251,372.26 : : -16,725,318.99 116,566,622.30 23

2005 2005 6 30 2005 1-6 2004 1-6 6.11% 6.52% 0.23 0.23 8.58% 21.63% 0.33 0.55 2.24% 2.39% 0.08 0.08 4.11% 10.29% 0.16 0.27 1.91% 2.03% 0.07 0.07 3.50% 8.82% 0.14 0.23 1.90% 2.03% 0.07 0.07 3.50% 8.82% 0.14 0.23 ( ) [2000] O 5 16 2000 12 5 4200 001000827 3000 [2004]84 2004 6 18 A 2000 5000 5000 [2004]48 2000 A 2004 7 5 002013 24

2005 ( ) 1 2 1 1 12 31 3 4 5 ( ) 6 7 [1995]11 25

2005 8 (1) ( ) (2) 9 (1) ( ) 1) 2) 3) ( ) 4) (2) (3) (4) 1 1 2 2 3 3 5% 10% 15% 100% 10 26

2005 27 11 (1) 1) 10 10 2) 20% 20% 20% 20% 20% 20% 50% 50% (2) 12

13 (1) 28 2005 (2) 2000 (3) % 5 35 45 2.71 2.11 5 8 14 11.88 6.79 5 6 12 15.83 7.92 5 5 10 19 9.50 14 15

2005 16 17 ( ) (1) 2) 3) (2) (3) 18 19 (1) 29

(2) 2005 (3) 1) 2) 20 21 (1) (2) 1 17% 2 5% 3 7% 4 3% 5 2% 6 1 7 (92) 860 [2001]179 [2001]131 2001 15% 30

2005 1 2005 6 30 2004 12 31 1,336.05 2,841.57 59,171,001.93 82,123,446.90 11,008,931.94 4,780,330.44 70,181,299.92 86,906,618.91 2 2005 6 30 2004 12 31 8,620,000.00 4,170,000.00 8,620,000.00 4,170,000.00 3 2005 6 30 2004 12 31 % % 1 43,785,119.02 99.27% 2,189,255.95 28,187,193.08 96.92% 1,409,359.65 1--2 156,565.98 0.36% 15,656.60 156,565.98 0.54% 15,656.60 2--3 164,592.04 0.37% 24,688.81 410,039.44 1.41% 61,505.92 3 328,796.00 1.13% 328,796.00 44,106,277.04 2,229,601.36 29,082,594.50 1,815,318.17 (1) 33,102,475.74 75.05% (2) 2005 6 30 1502.37 51.66% 2-3 2 3181.33 3722.15 (3) 5% 4. 2005 6 30 2004 12 31 31

2005 % % 1 256,962.33 100% 12,848.12 153,016.92 96.84% 7,650.85 2--3 5,000.00 3.16% 750.00 256,962.33 12,848.12 158,016.92 8,400.85 (1) 129,997.23 50.59% (2) 5% 5. 2005 6 30 2004 12 31 % % 1 2,381,501.44 99.97% 2,923,674.66 99.70% 1--2 744.00 0.03% 8,982.12 0.30% 2,382,245.44 2,932,656.78 (1) 1,813,931.22 61.85% (2) 5% 6. 2005 6 30 2004 12 31 5,950,807.45 8,157,244.59 16,356,037.07 20,911,610.72 10,517,406.60 130,999.46 9,183,719.03 130,999.46 32,824,251.12 130,999.46 38,252,574.34 130,999.46 7 2004 12 31 2005 6 30 2,462,231.39 4,420,208.55 3,943,077.72 2,939,362.22 8,625.08 4,312.58 4,312.50 2,470,856.47 4,420,208.55 3,947,390.30 2,943,674.72 2.429.789.14 1.513.288.58 8. 32

2005 (1) 2004 12 31 2005 6 30 13,556,413.62 199,892.05 13,756,305.67 65,939,691.46 5,285,408.53 172,103.00 71,052,996.99 958,113.18 379,047.00 1,337,160.18 3,816,511.22 405,992.00 55,759.01 4,166,744.21 84,270,729.48 6,270,339.58 227,862.01 90,313,207.05 2 2004 12 31 2005 6 30 1,512,014.23 162,710.98 1,674,725.21 25,365,724.89 3,164,758.85 124,030.14 28,406,453.60 246,436.21 62,447.66 308,883.87 1,361,272.43 226,865.32 45,097.98 1,543,039.77 28,485,447.76 3,616,782.81 169,128.72 31,933,102.45 3 55,785,281.72 58,380,104.60 (4) 117,192.63 (5) 55,668,089.09 58,262,911.97 (6) (7) 9. 1 128,230,000.00 11,802,883.78 11,313,122.33 4,626,808.53 18,489,197.58 45.27% 1.1 48,670,000.00 2,050,052.56 5,176,104.30 389,000.00 6,837,156.86 70.22% 1.2 19,930,000.00 210,000.00 2,424,400.00 287,300.00 2,347,100.00 14.37% 1.3 29,800,000.00 5,704,000.00 638,000.00 0 6,342,000.00 28.58% 1.4 29,830,000.00 3,838,831.22 3,074,618.03 3,950,508.53 2,962,940.72 41.87% 2 29,800.000.00 23,401,324.03 10,984,388.44 34,385,712.47 115.39% 158,030.000.00 35,204,207.81 23,460,482.82 5,789,780.58 52,874,910.05 10. 33

2005 2004 12 31 2005 6 30 4,900,000.00 408,333.22 408,333.22 4,900,000.00 4,207,345.60 2,915,982.01 611,178.64 285,893.02 1,577,256.61 3,241,267.63 9,107,345.60 3,324,315.23 611,178.64 694,226.24 6,477,256.61 3,241,267.63 1 3 2005 5 2 KEIPER T2000 4,207,345.60 4,207,345.60 2005 3 KEIPER 611,178.64 64 (3) 11 2004 12 31 2005 6 30 2,480,000.00 620,000.00 1,860,000.00 18 2,480,000.00 620,000.00 1,860,000.00 12. 2005 6 30 2004 12 31 13,000,000.00 10,000,000.00 5,000,000.00 2,000,000.00 200,000.00 18,200,000.00 12,000,000.00 (1) 2005 6 30 620 1300 700 20 (2) 1800 13. 2005 6 30 2004 12 31 8,198,867.84 8,198,867.84 2005 6 30 819.89 34

2005 14. 2005 6 30 2004 12 31 % % 1 25,911,394.41 99.76 21,177,581.54 99.70 1--2 34,756.00 0.13 34,756.00 0.16 2--3 3 28,024.00 0.11 28,024.00 0.14 25,974,174.41 100 21,240,361.54 100 5% 15. 2005 6 30 2004 12 31 % % 1 96,460.33 100% 7,755.00 100% 1--2 96,460.33 100% 7,755.00 100% 16. 2005 6 30 2004 12 31 1,175,108.86 2,411,765.41 ( ) 2004 12 31 2004 2005 1 17. 2005 6 30 2004 12 31 2,454,474.54 470,118.79 17% 171,813.22 129,631.44 7% -108,311.34-688,782.35 15% 834,153.43 101,103.17 32,571.44 99,785.94 8,676.21 83,089.49 20,000.10 3,413,377.60 194,946.48 18. 2005 6 30 2004 12 31 35

2005 73,634.24 55,556.31 3% 49,089.49 37,037.57 2% 22,274.42 55,046.73 1 144,998.15 147,640.61 19. 2005 6 30 2004 12 31 % % 1 3,936,560.99 100 3,118,214.55 100 3,936,560.99 3,118,214.55 3,277,490.64 20. 2005 6 30 2004 12 31 43,985.40 54,026.36 98,011.76 21. 2005 6 30 2004 12 31 21,000,000.00 21,000,000.00 21,000,000.00 21,000,000.00 22. 750,000.00 23. 2005 6 30 2004 12 31 30,000,000.00 30,000,000.00 1 30,000,000.00 30,000,000.00 36

2005 1 25,300,000.00 25,300,000.00 1,000,000.00 1,000,000.00 500,000.00 500,000.00 500,000.00 500,000.00 2 2,000,000.00 2,000,000.00 3 16 700,000.00 700,000.00 20,000,000.00 20,000,000.00 20,000,000.00 20,000,000.00 50,000,000.00 50,000,000.00 24. 2005 6 30 2004 12 31 109,221,302.83 109,221,302.83 407,792.63 407,792.63 2,600,000.00 2,600,000.00 754.57 754.57 112,229,850.03 112,229,850.03 25. 2005 6 30 2004 12 31 4,339,600.16 4,339,600.16 2,169,800.07 2,169,800.07 6,509,400.23 6,509,400.23 26. 2005 1-6 2004 1-6 3,602,297.47 6,783,872.19 26,528,049.53 19,645,311.67 10,000,000.00 20,130,347.00 26,429,183.86 2004 5000 10 2 10,000,000.00 16,528,049.53 2005 4 37

2005 27. (1) 2005 1-6 2004 1-6 47,677,483.17 48,369,001.72 2,010,188.70 100,148.08 3,897,080.39 11,715,466.10 480,164.15 1,168,074.32 1,124,117.50 53,178,845.21 61,252,542.14 (2) : 2005 1-6 2004 1-6 1 1.1 18,506,169.98 26,234,046.03 1.2 16,596,822.85 19,495,569.52 1.3 9,568,860.98 9,340,496.00 1.4 1,904,784.71 5,941,896.72 1.5 2,402,374.82 1.6 2,189,643.17 138,864.80 2 2,010,188.70 101,669.07 53,178,845.21 61,252,542.14 1 2005 1-6 807.37 13.18% 781.84 2 2005 1-6 40,383,698.94 75.94 % 28. 2005 1-6 2004 1-6 36,372,931.29 32,247,021.90 3,607,689.88 10,510,956.56 624,673.29 1,375,641.37 611,414.44 41,216,708.90 44,133,619.83 38

2005 29. 2005 1-6 2004 1-6 291,444.35 330,757.31 124,904.72 141,753.13 416,349.07 472,510.44 30. : 2005 1-6 2004 1-6 1. 469,317.33 1,054,906.47 549,153.76 22,037.79 2. 31,504.47 35,950.67 3. 43,401.02-746.58-4,930.94 1,068,072.77 2005 1-6 107.30 31. : 2005 1-6 2004 1-6 15,900.00 15,900.00 32. : 2005 1-6 2004 1-6 4,237,997.02 7,981,026.10 0 0 4,237,997.02 7,981,026.10 15% 15% 635,699.55 1,197,153.91 33. 2005 1-6 2004 1-6 39

2005 (1) 110,286.00 157,254.67 (2) 49,170.00 (3) 750,000.00 909,456.00 157,254.67 34. 2005 1-6 2004 1-6 (1) 114,857.33 191,534.95 (2) 118,129.02 228,220.36 (3) 75,339.6 123,112.80 (4) 188,069.28 330,949.05 (5) 1,293,597.53 1,478,118.13 1,789,992.76 2,351,935.29 ( ) 1. 2 2. ( : ) 30,000,000.00 30,000,000.00 3. ( : ) % % % % 25,300,000 50.60 25,300,000 50.60 4. 4.00% 40

2005 2.00% 1.00% 1.00% 16 1.40% 5. 1) 2) 3) 6. 2005 6 30 2004 12 31 3,277,490.64 83.26% 2,199,447.25 70.54% 7. / 2005 1-6 2004 1-6 (1+5%) 1,025,375.50 1,043,142.93 (1+5%) 6,247.29 4,253.63 0.80 4,201.47 6,302.19 1,035,824.26 1,053,698.75 8. 2005 1-4 2004 1-6 21,007.29 31,510.96 9. 2005 1-4 2004 1-6 21,211.84 31,817.79 41

2005 ( ) ( ) ( ) 2005 6 8 2005 5 31 15,107,478.77 12,951,709.70 13,212,993.77 11,501,032.34 1,894,485.00 1,450,677.36 2005 5 31 5,023,628.28 2,356,286.69 2005 5 31 7 15 [2005] 065 [2005] 066 1 [2005] 065 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42 % 1,295.17 1,295.17 1,460.05 164.88 12.73 0.00 0.00 0.00 0.00 1,150.10 1,150.10 1,296.51 146.40 12.73 145.07 145.07 163.55 18.48 12.74 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2005 0.00 0.00 0.00 0.00 1,295.17 1,295.17 1,460.05 164.88 12.73 2 [2005] 066 % 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 235.63 235.63 308.22 72.59 30.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 235.63 235.63 308.22 72.59 30.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 235.63 235.63 308.22 72.59 30.81 ( [2001]801 ) ( ) ( ) ( ) ( ) 43