1999 0896 ANNUAL REPORT 1999 HENAN YUNENG Co., Ltd. 2000 3
Contents... 2... 3... 6... 9... 11... 20... 24... 26... 48... 49 1
1 Henan Yuneng Co., Ltd. HNYN 2 3 24 A 609 450053 (0371)3859983 (0371)3859997 E-mail yuneng@public2.zz.ha.cn 4 23 23 450001 5 http://www.cninfo.com.cn 6 0896 2
( ) 1999 138,632,337 119,677,370 119,677,370 196,618,416 78,078 119,888,845 19,288,968-545,476 164,722,365 39,761,988 ( ) 1999 1998 1997 ( ) 40,678.19 44,571.29 44,221.87 ( ) 11,967.74 12,404.51 10,790.94 ( ) 145,977.17 147,415.09 122,146.66 ( ) 89,408.94 86,041.20 88,686.32 ( / ) 0.278 0.288 0.251 ( / )( ) 0.278 0.288 0.304 ( / )( 0.278 0.288 ) ( / ) 2.08 2.00 2.06 ( / ) 2.07 1.99 2.05 0.38 0.55 ( / ) 3
13.39% 14.42% 12.18% ( ) 13.64% 13.70% 18.14% 1) 1997 11 8000 A 1997 12 ( ) 35000 1997 12 43000 2) = / = / = / 100% = ( ( ) )/ = / = /[ /(1+ )+ /(1+ ) /12] = /[( + )/2+ ( 6)/12] 3) (1999)35 1997 1998 4) 1998 ( ) 4
430,000,000 342,637,683 65,986,359 23,827,433 21,787,977 860,412,019 23,935,474 11,967,737 95,741,896 119,677,370 86,000,000 86,000,000 430,000,000 342,637,683 89,921,833 35,795,170 31,529,873 894,089,389 1 2 23,935,474 10% 11,967,737 10% 11,967,737 3 11,967,737 10% 4 86,000,000 2000 3 0.20 5 31,529,873 5
( ) 1 (+ -) 1.350,000,000 350,000,000 175,000,000 175,000,000 175,000,000 175,000,000 2. 3. 8,0000 8,0000 4. 350,080,000 350,080,000 1. 79,920,000 79,920,000 2. 3. 4. 79,920,000 79,920,000 430,000,000 430,000,000 2 1) 1997 11 10 [1997]455 6
[1997]456 1.00 (A )7,236.5 1.00 763.5 3.36 1998 1 22 7,236.5 763.5 2) 1998 7 23 754.5 1998 12 10,000 80,000 ( ) 1 44,915 2 2 ( ) 16 44,895 2 10 (%) 1 161,000,000 37.44 2 140,000,000 32.56 3 35,000,000 8.14 4 14,000,000 3.26 5 2,809,500 0.65 6 720,000 0.17 7 623,925 0.15 8 523,100 0.12 9 390,000 0.09 10 370,900 0.08 7
1) 2) 3) 5%( 5%) 4) 10 ( 14,000 32.56%) ( 3,500 8.14%) 3 10%( 10%) 37.44% 32.56% 4 8
( ) 2 1 1999 5 25 1998 1999 6 25 1998 24 11 350,140,199 81.43% 1) 1998 2) 1998 3) 1998 4) 1998 1998 124,045,113 10% 12,404,511 10% 12,404,511 18,331,493 80,904,598 91,383,379 172,287,977 1998 43,000 10 3.5 ( ) 150,500,000 21,787,977 1999 5) 2000 11 1999 5 26 2 1999 8 2 1999 1999 9 3 1999 24 9
8 350,059,800 81.41% 1) 2) 1999 9 4 ( ) 1998 6 25 1998 2000 11 1999 6 26 10
( ) 1 200MW 30% 6% 587.5MW 1999 70% 2 200MW 1999 200,396 396 100.2% 1998 30,048 181,770 370 100.2% 1998 27,246 40,678.19 19,661.84 11,988.88 13,863.23 86.48% 3 1999 670 ( ) 167 70% 1999 10 12 11
MIS 1999 7,012,978.79 115,167.31-158,838.31 6,860,149.69 4 1) 85% 1998 1999 4.17% 8% 3.83 2) 1998 #5 1999 6 700 1999 6 10% 1999 12
70% ( ) 1 1999 1998 99 98 1,459,771,691 1,474,150,858-0.98% 188,500,000 280,562,925-32.81% 894,089,389 860,412,019 3.91% 196,618,416 191,960,117 2.43% 119,677,370 124,045,113-3.52% 1999 1998 15% 2 ( ) 1 ( ) ( ) ( ) ( ) 13
40,361 2,197 4,139 38,419-4.81% 30% 1,601 1,601 6% 650 13 637 100% 70% 4251 905 4324 832-410% 2 ( ) 1 2000 99 5 5 2000 5 2003 12.5 14
2 WTO WTO WTO WTO ( ) 2000 2000 1 5 6 2 6 DEH 5 1998 1999 5 6 2000 6 DEH 5 10% 200MW 220MW 20MW DEH 3 15
4 5 1999 6 ( ) 1 2 1) 1999 3 25 1998 1998 1998 20% 1999 3 2 2) 1999 7 28 1999 1999 16
1999 1999 9 3 1999 1999 8 2 2 1999 6 25 1998 1998 1998 124,045,113 10% 12,404,511 10% 12,404,511 18,331,493 80,904,598 91,383,379 172,287,977 1998 43,000 10 3.5 ( ) 150,500,000 21,787,977 1999 1999 7 15 10 3.5 10 2.8 1999 7 22 1999 7 23 1999 7 23 ( ) 1 ( ) 61 97.11-2000.11 5000 5000 58 98.05-2000.11 0 0 62 97.11-2000.11 5000 5000 38 97.11-2000.11 5000 5000 33 99.06-2000.11 0 0 38 97.11-2000.11 5000 5000 17
55 99.06-2000.11 0 0 44 98.05-2000.11 0 0 44 97.11-2000.11 5000 5000 60 97.11-2000.11 5000 5000 67 97.11-2000.11 5000 5000 38 97.11-2000.11 5000 5000 40 97.11-2000.11 5000 5000 41 97.11-2000.11 5000 5000 30 98.05-2000.11 5000 5000 45 97.11-2000.11 5000 5000 47 97.11-2000.11 5000 5000 40 97.11-2000.11 5000 5000 32,001 38,000 1 26,001 32,000 3 20,000 26,000 2 1999 6 25 1998 2 1999 12 31 1276 1276 --- --- 14 61 --- --- 86 1096 1276 69 182 111 1397 178 8 78 267 ( ) 1999 119,677,370 10% 11,967,737 10% 11,967,737 18
95,741,896 21,787,977 117,529,873 1999 43,000 10 2.00 ( ) 86,000,000 31,529,873 ( ) 19
1999 1998 7.45% 18% 1998 3 13% 13.39% 1999 1999 1 1999 3 25 1998 1998 1998 1998 1999 3 30 2 1999 7 28 1999 20
1999 3 1999 3 25 27 1999 7 28 1999 1999 1 1999 1999 12 31 2 21
3 (1) 1999 1999 20.0396 13.39% 1998 2.72 / 1998 2 / 2.9 (2) 1998 1998 10 3.5 (3) 1999 9 4 22
1999 1998 23
( ) ( ) ( ) ( ) 1 AV95 1999 9 24 650 167 70% 2 5,000M 2 1,950 ( ) 32.56% 907 725 1999 181,770 24
40,678.19 19,661.84 11,988.88 86.48 ( ) 1 2 3 ( ) ( ) ( ) ( ) ( ) (1999)35 1997 1998 25
( ) 2000 017 1999 12 31 1999 1999 12 31 1999 ----------------- 2000 3 2 ----------------- 26
( ) ( ) 1999 12 31 [1997]455 [1997]456 1997 11 A 8,000 763.5 1997 11 25 17001164-2 20 1 2 3 4 27
5 6 7 1999 1 1 1 5% 1-2 10% 2-3 15% 3 20% 3 8 1999 1 1 28
1999 9 10 20% 20% 20% 50% 10 10 1999 1 1 11 2,000 29
3% % 40 2.43 8-20 4.85-12.13 6 16.17 5-8 12.13-19.40 12 13 14 5 15 16 17 18 30
[1999]35 (1) (2) (3) 17% 15% 1 1996 4 500,000 6,500,000 1,170,000 1,670,000 70% 1999 10 12 15 10% 1999 1 1999 12 31 1998 12 31 5,920 1,558 141,541,430 101,653,525 953,834 1,084,113 142,501,184 102,739,196 31
. 2 1999 12 31 1998 12 31 9,046,166 726,940 48,915,887 6,403,700 - - - - - - - - 9,046,166 726,940 48,915,887 6,403,700 1999 12 31 8,319,226. 3 1999 12 31 1998 12 31 1 93,361,185 100 % - 78,752,353 100 % 1-2 - - - - - - 2-3 - - - - - - 3 - - - - - - 93,361,185 100 % - 78,752,353 100 % - - 5% 4 1999 12 31 1998 12 31 1 27,200 0.1% - 35,996,700 100% - 32
1-2 24,724,715 99.9% - - - - 2-3 - - - - - - 3 - - - - - - 24,751,915 100% - 35,996,700 100% - 1999 12 31 5 24,724,715 1998 27,200 24,751,915 1999 2,264,565 1999 12 31 5% 5 1998 12 31 1999 12 31 1,000,000 2,898,408 2,998,408 900,000 687,500-687,500 - - 500,000 250,000 250,000 683,116 685,117 740,210 628,023 2,370,616 4,083,525 4,676,118 1,778,023 6 1998 12 31 1999 12 31 419,620,808-16,082,890 29,128,002 406,575,696-33
- - - - - - 419,620,808-16,082,890 29,128,002 406,575,696 - % 11 30 379,932,641 384,192,645 21,966,835 57,902,724-18 6 16,009,636 16,009,636 - - - 15 70 6,500,000 6,373,415-86,585-86,585-402,442,277 406,575,696 21,880,250 57,816,139-10 122,573,587 12,257,359 24,514,718 98,058,869 10 1,600,000 40,000 40,000 1,560,000 124,173,587 12,297,359 24,554,718 99,618,869 7 1998 12 31 1999 12 31 186,139,398 24,205,608-210,345,006 855,707,411 13,401,576-869,108,987 3,392,061 5,667,315-9,059,376 6,890,998 108,850-6,999,848 1,052,129,868 43,383,349-1,095,513,217 29,738,296 16,133,904-45,872,200 229,672,032 39,690,673-269,362,705 34
289,466 687,202-976,668 2,749,466 428,518-3,177,984 262,449,260 56,940,297-319,389,557 789,680,608 776,123,660 22,671,054 8 1998 12 31 1999 12 31 564,253 22,629,392 19,089,491-4,104,154-4,371,011 3,581,563-789,448 564,253 27,000,403 22,671,054-4,893,602 9 1998 12 31 1999 12 31 1,914,137-446,937 1,467,200 1,914,137-446,937 1,467,200 10 1999 12 31 1998 12 31 - - - - 145,000,000 95,000,000 145,000,000 95,000,000. 11 1999 12 31 1998 12 31 35
22,240,853 22,240,853 19,339,873 19,339,873 4,834,968 4,834,968 1,933,987 1,933,987 86,000,000 150,500,000 134,349,681 198,849,681 (1996 11 30 ) 48,349,681 1999 1998 12 1999 12 31 1998 12 31 4,923,531 3,674,548 344,647 257,219 920,782-5,612,401 15,793 11,801,361 3,947,560 13 1999 12 31 5% 34,671,799 14 1999 12 31 % 154,000,000 1998.11-2001.11 7.56 50,000,000 1998.08-2000.09 6.53 34,500,000 1999.05-2001.05 7.33 238,500,000 :1 50,000,000 188,500,000 36
15 1998 12 31 1999 12 31 1 350,000,000-350,000,000 175,000,000-175,000,000 175,000,000-175,000,000 350,000,000 350,000,000 1 80,000,000-80,000,000 80,000,000-80,000,000 430,000,000-430,000,000 16 1998 12 31 1999 12 31 180,167,636 - - 180,167,636 162,466,347 - - 162,466,347 3,700 - - 3,700 342,637,683 - - 342,637,683 17 1998 12 31 1999 12 31 23,827,433 11,967,737-35,795,170 23,827,433 11,967,737-35,795,170 18,331,493 - - 18,331,493 65,986,359 23,935,474-89,921,833 18 2000 3 1 6 1999 10% 37
0.20 1999 12 31 1998 12 31 119,677,370 124,045,113 21,787,977 91,383,379 11,967,737 12,404,511 11,967,737 12,404,511-18,331,493 86,000,000 150,500,000 31,529,873 21,787,977 19 1999 1998 28,282,975 34,818,625 3,679,664 2,213,988 - - - - - - 24,603,311 32,604,637 20 1999 1998 5,676,760-6,403,700 3,214,702-21,966,835 35,935,889 814,615 - -86,585 - -12,297,359-12,257,359 19,288,968 17,274,830 38
( ) 1 2 1999 12 31 1999 12 31 200,000,000 - - 200,000,000 2,000,000,000 - - 2,000,000,000 3 1999 12 31 1998 12 31 % % 161,000,000 37.44 161,000,000 37.44 140,000,000 32.56 140,000,000 32.56 4 - ( ) 39
1999 1 1999 1998 % % 406,781,910 100 445,712,924 100 406,781,910 100 445,712,924 100 2 1999 1998 % % 122,798,545 100 175,605,874 100 122,798,545 100 175,605,874 100 ( ) 1 1999 12 31 1998 12 31 % % 93,361,185 100 78,752,353 100 93,361,185 100 78,752,353 100 2 1999 12 31 1998 12 31 % % 30,841,999 86.93 20,460,412 59.66 3,829,800 10.79 3,829,800 11.17 34,671,799 97.72 24,290,212 70.83 1999 12 31 40
1999 12 31 1999 12 31 1999 1999 41
1999 12 31 1998 12 31 1 142,501,184 102,739,196 2 9,046,166 48,915,887 (726,940) (6,403,700) 8,319,226 42,512,187 - - - - - - 3 93,361,185 78,752,353 4 24,751,915 35,996,700 - - 118,113,100 114,749,053 - - - - - - - - 5 1,778,023 2,370,616 - - 270,711,533 262,371,052 6 406,575,696 419,620,808 - - 406,575,696 419,620,808 - - 406,575,696 419,620,808 7 1,095,513,217 1,052,129,868 (319,389,557) (262,449,260) 776,123,660 789,680,608 - - 8 4,893,602 564,253 781,017,262 790,244,861 - - 9 1,467,200 1,914,137 - - 1,467,200 1,914,137 1,459,771,691 1,474,150,858 42
1999 12 31 1998 12 31 10 145,000,000 95,000,000 - - - - - - - - - 440,000 104,309 41,288 11 134,349,681 198,849,681 12 11,801,361 3,947,560 147,706 515,020 13 35,779,245 34,291,802-90,563 14 50,000,000 - - - 377,182,302 333,175,914 14 188,500,000 280,562,925 - - - - - - - - 188,500,000 280,562,925 565,682,302 613,738,839 15 430,000,000 430,000,000 16 342,637,683 342,637,683 17 89,921,833 65,986,359 35,795,170 23,827,433 18 31,529,873 21,787,977 894,089,389 860,412,019 1,459,771,691 1,474,150,858 43
1999 1998 406,781,910 445,712,924 - - 406,781,910 445,712,924 204,934,967 248,524,686 5,228,527 5,228,121 196,618,416 191,960,117 78,078 100,795 - - 7,874,141 8,088,447 44,330,197 44,066,538 19 24,603,311 32,604,637 119,888,845 107,301,290 20 19,288,968 17,274,830 - - 61,419-606,895 531,007 138,632,337 124,045,113 18,954,967-119,677,370 124,045,113 44
1999 1998 119,677,370 124,045,113 21,787,977 91,383,379 - - 141,465,347 215,428,492 11,967,737 12,404,511 11,967,737 12,404,511 117,529,873 190,619,470 - - - 18,331,493 86,000,000 150,500,000 - - 31,529,873 21,787,977 45
1999 1998 380,341,880 447,755,500 - - 64,658,120 76,118,435 - - 61,419 2,209,948 445,061,419 526,083,883 165,911,247 160,676,088 - - 21,791,394 17,966,519 62,805,806 71,113,275 8,908,717 19,086,870 5,556,629 6,584,263 15,365,261 13,863,162 280,339,054 289,290,177 164,722,365 236,793,706 78,997,723-4,029,317 - - - - - 5,932,000 4,040 88,959,040 4,040 26,541,335 6,979,177 16,500,000 444,858,166 - - 102,960 26,527,985 43,144,295 478,365,328 45,814,745 (478,361,288) - - - - 209,500,000 405,000,000 3,740,649-213,240,649 405,000,000 211,000,000 295,162,570 - - 144,900,000-28,115,771 29,062,065 - - 46
- - - - 384,015,771 324,224,635 (170,775,122) 80,775,365 - - 39,761,988 (160,792,217) - - - - - - - - - - 119,677,370 124,045,113 - - 56,940,297 55,362,502 446,937 1,640,469 - - - - 24,603,311 26,723,620 (19,288,968) (17,274,830) - - - - (2,164,510) 6,435,547 19,768,165 34,856,125 (22,700,847) 5,005,160 (12,559,390) - 164,722,365 236,793,706 142,501,184 102,739,196 102,739,196 263,531,413 - - - - 39,761,988 (160,792,217) 47
( ) 1997 11 25 36 ( ) 1998 7 22 23 ( ) 4100001003857 1 ( ) 410105170011642 410105170011642 ( ) ( ) ( ) 0896 ( ) ( ) ( ) 27 A 17 48
( ) ( ) ( ) ( ) 49