2

2004 SHENZHEN WORLDSUN ENTERPRISE CO. LTD

www.cninfo.com.cn 2

4-4 5-5 5-6 6-6 7-8 9-12 12-37 3

1 SHENZHEN WORLDSUN ENTERPRISE CO. LTD 2 ST 000049 3 A M A M 5180001 worldsun@szworldsun.com 4 5 A M 0755-82131421 0755-82131400 youhong@szworldsun.com 6 http:/www.cninfo.com.cn 7 4403011006285 N30611 440303192192 440301192192093 5022 B 11 4

% 39,647,307.54 50,854,960.57-22.04% 123,743,657.29 157,841,457.35-21.60% 250,065,504.40 276,946,314.38-9.71% 119,947,461.11 112,730,471.03 6.40% 0.877 0.824 6.43% 0.85 0.78 8.97% (1-6 ) % -11,632,600.99-5,972,674.03-48.66% -10,981,432.79-6,192,945.90-43.61% -0.085-0.044-52.94% -9.28% -4.98% 4.30% 19,339,384.68-6,209,480.47-132.11% 220,271.87 187,657.6 0 32,614.27 2004 1 19 84,170,128 ( 61.52 ) 6,854,919 5% 84,170,128 61.52 6,854,919 5 5

13,553 % 0 91,025,047 66.52 1,080,54 0 0 0.79 389,500 0.28 350,000 0.26 254,470 0.19 224,534 0.16 204,560 0.15 176,500 0.13 157,301 0.11 152,000 0.11 A B H 389,500 350,000 254,470 224,534 204,560 176,500 157,301 152,000 141,500 135,000 6

2004 6 5 1302.45 3.18% 2 566-592.27-0.044 1 14.50 2.46 1,275.66 595.96 12.29 1.93 1,302.45 600.35 2 10% 1275.66 649.72 99.33% 3 10% 300 100% 3817 566-4.53 4 1 2 2 3 7

5 2004 1 6 % 27,694.63 25,006.55-9.71% 11,273.05 11,994.75 6.40% 1 2,688.08 2 721.7 1 2 1 2 3 4 5 8

2004 2004 6 5 75% 75% 75% 2004 6 5 2004 6 8 21 28 8,853.83 2003 12 31 78.54% 11,134.39 2003 12 31 98.77% 2004 2 6 A M 11,197,284 2004 2 7 11 2004 3 6 < > 9

1998 1998 6 28 25,478,876.59 8,108,924.31 1,250,000 2004 4 30 2004 2004 3 13 3 31 4 20 5 10 2003 12 31 5,723,952.69 2,443,345.69 37010 2004 5 31 5,686,942.69 2004 6 22 5,686,942.69 2004 6 25 T11 1 2 3 4 10

2004 6 30 2,177,646.93 6 5,723,952.69 5% 1 2 2003 www.cninfo.com.cn 1 31 2004.01.30 2 1 12 2004.01.31 2 2004.02.04 1 2 2004.02.07 3 4 11

5 1 32 13 2003 2 2003 2004.02.11 3 4 5 2004.02.12 2004.02.17 1 2 34 2004.03.13 3 4 04 2004.03.27 35 2004.03.31 2004.04.08 2004.04.20 1 2 2004.04.21 2004.04.23 2004.04.27 2004.05.10 1 40 2 3 14 4 5 2004.06.08 6 7 8 9 10 2004.06.25 12

2004 06 30 : 21,057,395.19 18,958,110.68 25,445,309.14 22,668,499.02 300,000.00 300,000.00 2,978,732.97 2,978,732.97 3,351,146.97 3,351,146.97 10,765,130.89 41,063,085.68 16,830,139.77 40,086,235.59 3,678,093.80 3,678,093.80 3,643,713.80 3,643,713.80 1,167,954.69 1,146,517.80 1,284,650.89 1,266,936.45 39,647,307.54 67,824,540.93 50,854,960.57 71,316,531.83 : 2,951,185.55 10,319,727.41 2,951,185.55 10,365,370.44 2,951,185.55 10,319,727.41 2,951,185.55 10,365,370.44 : 245,349,014.90 187,643,891.27 270,821,893.49 213,116,769.86 68,585,005.95 46,838,808.56 68,916,973.44 48,156,764.01 176,764,008.95 140,805,082.71 201,904,920.05 164,960,005.85 4,472,647.01 4,472,647.01 14,451,140.72 14,451,140.72 172,291,361.94 136,332,435.70 187,453,779.33 150,508,865.13 6,374,386.00 6,374,386.00 6,374,386.00 6,374,386.00 178,665,747.94 142,706,821.70 193,828,165.33 156,883,251.13 : 28,314,302.08 28,314,302.08 28,713,095.02 28,713,095.02 486,961.29 486,961.29 598,907.91 598,907.91 13

28,801,263.37 28,801,263.37 29,312,002.93 29,312,002.93 : 250,065,504.40 249,652,353.41 276,946,314.38 267,877,156.33 : 89,700,000.00 89,700,000.00 110,900,000.00 101,900,000.00 374,700.79 374,700.79 12,241,659.05 12,241,659.05 3,778,719.64 3,778,719.64 4,130,303.24 4,130,303.24 69,160.85 2,840.00 262,121.30 209,623.00 75,804.46 64,814.27 538,170.63 486,712.99 18,502.89 18,502.89 18,502.89 18,502.89 212,312.35-38,915.95-338,955.13-401,071.74 22,924.52 5,966.09 7,856.46 6,352.45 29,491,531.79 31,866,318.40 30,081,798.91 32,622,657.25 123,743,657.29 125,772,946.13 157,841,457.35 151,214,739.13 : 6,374,386.00 6,374,386.00 6,374,386.00 6,374,386.00 6,374,386.00 6,374,386.00 6,374,386.00 6,374,386.00 : 130,118,043.29 132,147,332.13 164,215,843.35 157,589,125.13 ( ): 136,829,160.00 136,829,160.00 136,829,160.00 136,829,160.00 ( ) 136,829,160.00 136,829,160.00 136,829,160.00 136,829,160.00 28,987,486.15 28,987,486.15 15,797,822.04 15,797,822.04 2,268,312.67 2,268,312.67 2,268,312.67 2,268,312.67 2,268,312.67 2,268,312.67 2,268,312.67 2,268,312.67-48,137,497.71-50,579,937.54-42,164,823.68-44,607,263.51 ( ) 119,947,461.11 117,505,021.28 112,730,471.03 110,288,031.20 14

( ) 250,065,504.40 249,652,353.41 276,946,314.38 267,877,156.33 2004 06 30 13,024,497.86 7,368,562.07 13,451,743.94 8,006,124.92 6,483,377.26 3,224,682.30 7,121,345.95 3,669,997.72 537,582.33 369,233.26 560,045.86 392,891.81-6,003,538.27 3,774,646.51 5,770,352.13 3,943,235.39-276,026.39 276,026.39 394,308.94 394,308.94 8,638,857.44 6,462,992.67 11,578,987.47 9,775,296.57 3,281,600.34 3,176,764.72 5,017,879.82 4,730,451.47 - -6,192,945.90-6,141,137.27-11,220,824.10-10,956,821.59-32,614.27-13,028.76 256,837.58 256,837.58 187,657.60 181,492.00 6,590.30 0.00 657,758.50 644,258.50 - -5,972,674.03-5,972,674.03-11,615,154.72-11,344,242.51 17,446.27 - -5,972,674.03-5,972,674.03-11,632,600.99-11,344,242.51-42,164,823.68-44,607,263.51-8,919,228.65-11,557,637.44-48,137,497.71-50,579,937.54-20,551,829.64-22,901,879.95 15

-48,137,497.71-50,579,937.54-20,551,829.64-22,901,879.95-48,137,497.71-50,579,937.54-20,551,829.64-22,901,879.95 : 1. 2. 3. 4. 5. 6. 2004 06 30 :( ) : 12,068,831.32 6,412,895.53 13,575,809.46 3,409,381.26 25,644,640.78 9,822,276.79 5,497,581.92 3,975,732.56 1,006,541.74 443,460.30 25,349,997.59 20,045,634.44 31,854,121.25 24,464,827.30-6,209,480.47-14,642,550.51 : 300,000.00 300,000.00 32,614.27 32,614.27 25,478,876.59 25,478,876.59 16

25,811,490.86 25,811,490.86 25,811,490.86 25,811,490.86 : 40,600,000.00 40,600,000.00 40,600,000.00 40,600,000.00 61,200,000.00 52,200,000.00 3,281,600.34 3,279,328.69 108,324.00 64,589,924.34 55,479,328.69-23,989,924.34-14,879,328.69-4,387,913.95-3,710,388.34 : 1. : -5,972,674.03-5,972,674.03 4,129,202.91 3,143,214.95 398,792.94 398,792.94 111,946.62 111,946.62 ( ) 3,281,600.34 3,176,764.72-32,614.27 13,028.76 116,696.20 120,418.65 6,403,042.88-638,816.09-12,897,800.06-13,241,793.00-1,747,674.00-1,753,434.03-6,209,480.47-14,642,550.51 2. : 17

3. : 21,057,395.19 18,958,110.68 25,445,309.14 22,668,499.02-4,387,913.95-3,710,388.34 2004 06 30 57,407,587.87 57,407,587.87 4,355,320.83 4,355,320.83 53,052,267.04 53,052,267.04 977,833.61 977,833.61 977,833.61 977,833.61 10,919,435.91 10,919,435.91 10,919,435.91 10,919,435.91 14,451,140.72 9,978,493.71 4,472,647.01 14,451,140.72 9,978,493.71 4,472,647.01 17,141,737.00 17,141,737.00 17,141,737.00 17,141,737.00 4,725,708.61 4,725,708.61 18

1. 1990 43 4403011006285 9,121.94 904 2. 1 2 3 4 5 1 6 : 19

7 8 8% 8% a. b. 9 : 5% 30 20

5. 5 10 20% 20% 20% 11 2000 2000 a. b. 5% 30 3.17% 5-14 6.79%-19% 10 9.5% 8 11.88% 5-14 6.79%-19% c. 12 13 21

14 38 15 16 17 a. b. c. d. 18 19 [1995]11 1996 2 22

20 [2000]25 [2001]17 2001 7 7 2001 1 1 3. 17% 5% 1% 3% 15% 4. A 3,000,000.0 3,000,000.0 100% 6,000,000.0 6,000,000.0 100% B 20,000,000.00 777,666.67 13.33% USD800,000.00 204,148.11 40.00% 20,000,000.00 8,100,229.4 30.00% 5,500,000.00 825,000.00 15.00% O 2,000,000.00 56,023.60 5.00% 10,000,000.00 3,907,553.6 40.00% 23

5. 1. 28,802.27 1,602.81 7,500 1.05 7,950.00 7,950.00 36,752.27 9,552.81 20,916,977.76 25,332,126.94 9,246.16 1.06 9,800.93 9,800.93 11,336.26 8.28 93,864.23 93,828.46 21,020,642.92 25,435,756.33 21,057,395.19 25,445,309.14 * 2004 6 30 2003 12 31 4,387,913.95, 17.24%,. 2. 300,000.0 --- 2003 --- 0.00 --- 2003 32,614.27 *. 3. 1,343,860.00 17.44% 107,508.80 1,157,653.00 23.69% 107,508.80 1,963,061.53 25.47% 157,045.08 1,776,854.53 9.8% 157,045.08 -------- 0.2% 4,399,546.27 57.09% 4,090,766.95 4,399,546.27 66.31% 4,090,766.95 7,706,467.80 100% 4,355,320.83 7,334,053.80 100% 4,355,320.83 24

* 2004 6 30 5% 5% 2,495,232.93, ( ) 2,495,232.93 2002-2004 ** 2004 6 30 6,754,545.29 92.1% *** 2004 6 30 4,000,000.00 **** 4. 2,081,761.45 2.98% 166,540.92 1,803,695.26 2.83% 166,540.92 404,695.10 0.58% 32,372.73 ---- ------- 32,372.73 ------- ---- ------- 404695.10 0.63% -------- 67,395,950.26 96.44% 52,853,353.39 61,609,007.57 096.54% 52,853,353.39 69,882,406.81 100% 53,052,267.04 63,817,397.93 100% 53,052,267.04 *2004 6 30 10% 10% 29,387,818.85 29,387,818.85 **** 29,387,818.85 2,560,000.00 3,000,000.00 1,217,231.26 300,778.50 115,525.00 500,000.00 600,000.00 50,000.00 983,050.00 25

3,474,507.20 950,000.00 600,000.00 43,738,910.81 *2004 6 30 5,048,364.10 4,846,011.00 **2004 6 30 3,238,509.60 3,000,000.00 *** 25,244,303.10 26.51% 2,019,544.25 32,118,095.94 33.41% 2,019,544.25 717,115.78 0.76% 67,269.26 607,115.78 0.63% 67,269.26 69,199,352.90 72.73% 52,997,622.74 63,412,410.21 65.96% 52,997,622.74 95,160,771.84 100% 55,074,536.25 96,137,621.93 100% 55,074,536.25 *** 5. 302,560.00 8.30% 591,440.00 16.08% 1,122,530.00 30.81% 868,030.00 23.60% 1,635,500.56 44.89% 1,538,294.24 41.82% 583,123.24 16.00% 680,329.56 18.50% 3,643,713.80 100% 3,678,093.80 100% * 2004 6 30 5% ** 6. 17,714.44 17,714.44 21,436.89 21,436.89 2,244,770.06 1,266,936.45 2,124,351.41 1,,46,517.80 --- --- --- --- 26

2,262,484.50 1,284,650.89 2,145,788.30 1,167,954.69 --- --- --- --- 977,833.61 --- 977,833.61 --- --- --- --- --- --- --- --- 977,833.61 --- 977,833.61 * 7. 1 --- --- --- --- --- --- : --- --- --- --- --- --- --- --- --- --- --- --- 13,870,621.46 10,919,435.9 1 2,951,185.55 13,870,621.46 10,919,435.91 2,951,185.55 --- --- --- --- --- --- --- --- --- --- --- --- 13,870,621.46 10,919,435.91 2,951,185.55 13,870,621.46 10,919,435.91 2,951,185.55 2 a) 15 40% 3,907,553.60 3,907,553.60 --- --- 3,907,553.60 15 40% 204,148.11 204,148.11 --- --- 204,148.11 20 30% 8,100,229.48 8,100,229.48 --- --- 8,100,229.48 15 15% 825,000.00 825,000.00 --- --- 825,000.00 * 13 13.33% 777,666.67 777,666.67 --- --- 777,666.67 15 5% 56,023.60 56,023.60 --- --- 56,023.60 13,870,621.46 13,870,621.46 --- --- 13,870,621.46 * 27

** 800,000.00 40% 320,000.00204,148.11 20,000,000.00 13.33% 2,666,000.00 777,666.57 2,000,000.00 52% 1,040,000.00 56,023.60 b). 204,148.11 --- --- 204,148.11 8,100,229.48 --- --- 8,100,229.48 605,257.92 --- --- 605,257.92 1,953,776.80 --- --- 1,953,776.80 56,023.60 --- --- 56,023.60 10,919,435.91 --- --- 10,919,435.91 * ** 605,257.92 ***,, 1 : 7,414,184.89 --- 7,414,184.89 7,368,541.86 --- 7,368,541.86 --- --- --- --- --- --- 13,870,621.46 10,919,435.91 2,951,185.55 13,870,621.46 10,919,435.91 2,951,185.55 28

--- --- --- --- --- --- 21,284,806.35 10,919,435.91 10,365,370.44 21,239,163.32 10,919,435.91 10,319,727.41 2 8. 263,831,791.86 ---- 25,478,876.59 238,352,915.27 2,164,785.63 --- --- 2,164,785.63 3,677,072.00 --- --- 3,677,072.00 1,148,244.00 5,998.00 1,154,242.00 270,821,893.49 5,998.00 25,478,876.59 245,349,014.90 64,191,650.09 3,828,612.95 4,461,170.00 60,064,958.23 1,286,915.19 68,022.24 --- 1,225,889.34 2,742,421.15 154,096.93 --- 3,028,507.29 695,987.01 78,470.79 --- 764,101.37 68,916,973.44 4,129,202.91 4,461,170.00-65,083,456.23 14,451,140.72 --- 9,978,493.71 4,472,647.01 14,451,140.72 --- 9,978,493.71 4,472,647.01 187,453,779.33 172,291,361.94 * 25,478,876.59, 4,461,170, 9,978,493.71 9. ** 12,693,847.01 4,472,647.01 *** 9. 40,500,000.00 11,100,094.61 --- --- --- 11,100,094.61 27.41% 29

4,725,708.61 --- --- 4,725,708.61 * 10. 47,450,000.00 45,854,832.02 --- --- 398,792.94 --- 45,456,039.08 47,450,000.00 45,854,832.02 --- --- 398,792.94 --- 45,456,039.08 17,141,737.00 --- --- 17,141,737.00 * 1996 623-18 ** 17,141,737.00 11. 526,901.24 --- 94,817.42 432,083.82 72,006.67 296,917.50 314,046.70 54,877.47 598,907.91 296,917.50 408,864.12 486,961.29 12. * 36,500,000.00 22,500,000.00 ** 74,400,000.00 67,200,000.00 110,900,000.00 89,700,000.00 * 2004 6 30 42,500,000.00 42,500,000.00 1 2 3 4 19 114,657,566.26 ** 2004 6 30 47,200,000.00 13. 2004 6 30 374,700.79 5% 5% 11,866,958.26, 30

14. 2004 6 30 3,778,719.64 5% 5% ( ) 317,586.00 2002 2004 6 30 2002 12 31 351,583.60, 15. *2004 6 30 29,491,531.79, 5% 5% ** 10% 10% 22,098,454.57 22,098,454.57 *** 2004 6 30 2003 12 31 590,267.12 16. 233,245.76 266,301.59 226,585.41 135,923.88 15.89 (890.72) (1,159,762.52) (1,181,832.28) 358,763.29 921,953.61 2,197.04 70,856.27 --- --- (338,955.13) 212,312.35 * 1,181,832.28 17. 6,818.12 3% 16106.40 31

22924.52 18. 2004 6 30 6,374,386.00 5% 5% 19. 1. 92,105,590.50 --- --- --- --- --- --- 92,105,590.50 91,025,050.50 --- --- --- --- --- --- 91,025,050.50 1,080,540.00 --- --- --- --- --- --- 1,080,540.00 92,105,590.50 --- --- --- --- --- --- 92,105,590.50 1. 44,723,569.50 --- --- --- --- --- --- 44,723,569.50 44,723,569.50 --- --- --- --- --- --- 44,723,569.50 136,829,160.00 --- --- --- --- --- --- 136,829,160.00 * [1999] 015 20. 15,797,822.04 --- 0.00 15,797,822.04 * 0.00 13,189,664.11 0.00 13,189,664.11 15,797,822.04 13,189,664.11 0.00 28,987,486.15 * 9 21. 2,268,312.67 --- --- 2,268,312.67 --- --- --- --- 2,268,312.67 --- --- 2,268,312.67 2,268,312.67 --- --- 2,268,312.67 22. -42,164,823.68-5,972,674.03 0.00-48,137,497.71 32

23. 12,971.231.12 6,667,352.84 12,756,575.12 6,259,368.87 145,000.00 120,418.65 480,512.82 453,993.11 122,922.74 103,589.74 --- --- --- --- 13,451,743.94 7,121,345.95 13,024,497.86 6,483,377.26 427,246.08 7,525,612.10 3,216,004.61 7,100,639.33 3,000,673.91 --- --- 145,000.00 120,418.65 480,512.82 453,993.11 122,922.74 103,589.74 8,006,124.92 3,669,997.72 7,368562.07 3,224,682.30 24. 538,505.63 516,906.09 5% 5,385.06 5,169.06 1% 16,155.17 15,507.18 3% 560,045.86 537,582.33 25. 2004 1-6 2,940,130.03. 25.39% 26. 5,034,790.70 3,337,049.43 18,971.13 61,937.58 --- --- --- --- 2,060.25 6488.49 5,017,879.82 3,281,600.34 33

27. 175,000.00 0.00 81,837.58 --- 32,614.27 256,837.58 --- 32,614.27 28. 1. 6,590.30 6,165.60 --- --- --- --- --- --- --- 181,492.00 6,590.30 187,657.60 2. --- --- --- --- 657,758.50 0.00 657,758.50 0.00 29. 13,513,871.88 61,937.58 13,575,809.46 30. 239,410.27 533,113.47 21,800,970.81 2,776,503.04 34

25,349,997.59 6. (1) (2) 668,000,000.00 --- --- 668,000,000.00 (3) * 91,025,050.50 66.52% 91,025,050.50 66.52% (4) 5 2003 2004 1-6 480,512.82 122,922.74 *2004 6 30, 4720. **2004 6 30, 4000 6 2003.12.31 2004.6.30 2,857,646.93 2,495,232.93 1,413,283.63 1,413,283.63 35

1,217,231.26 1,217,231.26 3,338,509.60 3,238,509.60 5,048,364.10 5,048,364.10 5,723,952.69 0.00 11,226,708.26 0.00 680,000.00 317,586..00 3,185,280.00 3,185,280.00 7. 2004 6 30 8. 9. 2004 2 6 A M 11,197,284 2004 2 7 11 2004 3 6 < > 1998 1998 6 28 25,478,876.59 8,108,924.31 36

1,250,000 2004 4 30 2004 2004 3 13 3 31 4 20 5 10 10. % 5.01% 5.47% 0.044 0.044-5.16% -5.64% -0.045-0.045-4.98% -5.44% -0.044-0.044-5.16% -5.64% -0.045-0.045 11. 2004 2004 8 11 1 2 37