2005 NEIMENGGU HONGFENG INDUSTRY COMPANY LIMITED ,587,7

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2005 NEIMENGGU HONGFENG INDUSTRY COMPANY LIMITED 000594 12 024000 12 0476 8751717 0476 8751518 http://www.cninfo.com.cn 2005 6 30 2004 12 31 725,587,711.88 856,154,896.37 506,935,193.76 600,153,888.63 1,416,688,962.63 1,486,428,229.18-1 -

821,626,173.90 799,148,332.53 1.46 1.42 1.28 1.25 2005 1 6 2004 1 6 22,477,841.37 23,400,507.40 22,442,260.48 24,801,741.68 62,266,090.94 349,581,523.36 2.74 3.03 0.04 0.042 35,580.89 9.40 9.53 0.14 0.14 6.24 6.33 0.09 0.09 2.74 2.77 0.04 0.04 2.73 2.77 0.04 0.04 55,893-2 -

0 192,028,320 34.22 0 0 99,066,240 17.66 0 0 51,183,200 9.12 0 0 21,384,000 3.81 0 0 1,860,000 0.33 0 1,000,000 0.18-535,000 983,000 0.18 626,126 0.11 610,008 0.11 548,450 0.10 (A B H ) 983,000 A 626,126 A 610,008 A 548,450 A 504,000 A 436,788 A 432,000 A 421,600 A 417,400 A 400,000 A 1 10 1 2 2 2004 5 10 99,066,240 51,183,200-3 -

2004 5 13 2005 3 2005 289 2005 4 2 3 2005 4 12 192,028,320 58,862,482 10.49% 2.274 2005 4 18 1 2005 6 19 2004 2 2005 6 19 2004 3 2005 6 19-4 -

1 331,001,747.41 110,756,988.82 198.85 77,201,436.67 51,341,834.18 50.37 22,477,841.37 23,400,507.40-3.94 58,934,601.36 50,491,951.32 16.72 1 198.85% 2 50.73 % 3 3.94 % 4 16.72% - 5 -

2 1,416,688,962.63 1,486,428,229.18-4.69 821,626,173.90 799,148,332.53 2.81 1 4.69 % 2 2.81% 3 (1) 80,290,359.63 24.26 34,586,081.31 44.80 30,332,723.54 9.16 4,767,287.09 6.18 4,888,190.55 1.48 3,321,396.60 4.30 115,511,273.72 34.90 42,674,765.00 55.28 196,059,148.69 59.23 22,525,063.34 29.18 13,040,200.00 3.94 9,814,381.00 12.71 209,099,348.69 63.17 32,339,444.34 41.89 6,391,125.00 1.93 2,187,227.33 2.83 331,001,747.41 100 77,201,436.67 100 (2) - 6 -

115,511,273.72 34.90 42,674,765.00 55.28 10,439,200.00 3.15 7,356,436.00 9.53 196,059,148.69 59.23 22,525,063.34 29.18 2,601,000.00 0.79 2,457,945.00 3.18 6,391,125.00 1.93 2,187,227.33 2.83 331,001,747.41 100 77,201,436.67 100 4 10 14,646 80,290,359.63 44,483,180.40 44.60 3,408 30,332,723.54 25,007,806.75 17.56 196,059,148.69 162,750,832.18 16.99 13,040,200.00 1,301,964.00 90.02 1 2004 6 30 90% 7200 9,167.92 7,705.32 2005 1 1 6 30 73.58 2 2004 6 30 90% 3000 12,568.36 9,689.42 2005 1 1 6 30 482.25 3 2004 6 30 80% - 7 -

9000 24,734.34 11,389.88 2005 1 1 6 30 1,501.41 4 2004 11 30 90% ( ) 6500 12,895.14 10,757.47 2005 1 1 6 30 66.94 1 2-8 -

2 1 34.22% 17.66% 2 9.12% 2005 2005 22,477,841.37 2005 2001 3 1 1600 71.85 2 1200 8.63 1999 5 10-9 -

1 0.00 0.00 0.00 0.00 2 1 2 3 1999.5.10 1,200.00 3 2000.11 1,920.00 5 2001.11 1,000.00 4 ( ) 4,120.00 5% 50% 70 50 4,120.00 4,120.00-10 -

4 2003 56 1 1999 5 10 1200 2001 3 2000 11 2001 11 1,920 5 1,000 4 2,920 2 3 1 2 3 5% - 11 -

1 1989 1992 8 1993 1993 260 1996 1996 16 1996 3 20 1996 2004 6 30, ( 90% 90% 80% )2004 11 30 60% 30% 90% 2004 11 30 1500001700150 56,111.616 1 2-12 -

3 4 1 2 1 1 12 31 3 4 5 6 3 7 1 2 3 4 5 8-13 -

% 1 6 1-2 6 2-3 6 3-4 6 4-5 6 5 6 1 2 9 1 2, a, b c, d, - 14 -

e 10 1 20% 20% 20% 20% 20% 20% 50% 50% 2 3 11 1 2000 2 2 3 3-15 -

(%) 20-40 2.43-4.85 6-15 6.47-16.17 6-15 6.47-16.17 5-15 6.47-19.4 4, 5 12 (1) 3 (2) (3) - 16 -

13 1 14 10 1 2 3 15 16, 17 1 2 3-17 -

4 18 1 2 50% 50% 3 1995 11 96 2 4 2005 ] - 18 -

13% 17% 5% 3% 1.3 / 2.8 / 1% 5% 7% 3% 3% * 1% * 15% 33% 1 13% 17% 2 3% 5% 5% 3 2.8 / 4 5% 7% 5 3% 6 33% 7 3% 8 * 1% - 19 -

% 900080 8,534.61 300090 13,584.29 720090 6,885.86 100 72 650090 9,762.72 90.RMB3745 72 14.8 1 2 10% 5% 3 4-20 -

1 2005.06.30 2004.12.31 168,617.07 207,538.03 163,486,558.09 104,961,894.57 500,000.00 51,141.20 164,155,175.16 105,220,573.80 2 2005.06.30 2004.12.31 % % % % 1 46,450,187.45 78.18 2,787,011.25 6 42,637,270.47 79.08 2,558,236.23 6 1-2 1,461,385.79 2.46 87,683.15 6 1,255,378.06 2.33 75,322.68 6 2-3 932,164.51 1.57 55,929.87 6 773,102.89 1.43 46,386.17 6 3 10,574,383.96 17.79 634,463.03 6 9,251,057.77 17.16 555,063.47 6 59,418,121.71 100 3,565,087.30 53,916,809.18 100 3,235,008.55 1 5%( 5%) 2 11,696,365.08 19.68% - 21 -

3 2005.06.30 2004.12.31 % % % % 1 68,806,057.71 33.79 4,128,363.46 6 59,688,031.96 31.26 3,581,281.92 6 1-2 17,419,857.03 8.55 1,045,191.42 6 15,822,191.49 8.29 949,331.49 6 2-3 15,813,066.52 7.76 948,783.99 6 13,241,331.08 6.93 794,479.86 6 3 98,082,533.93 48.16 5,884,952.04 6 93,638,756.03 49.03 5,618,325.36 6 3,533,993.78 1.74 3,533,993.78 100 3,533,993.78 1.85 3,533,993.78 100 0.00 5,042,595.23 2.64 4,008,790.17 80 203,655,508.97 100 15,541,284.69 190,966,899.57 100 18,486,202.56 1 5% 5% 2 31,058,096.38 15.25% 3 3,533,993.78 4 2005.06.30 2004.12.31 1 20,953,508.32 96.16 11,938,870.18 97.79 1-2 641,346.31 2.94 252,072.95 2.06 2-3 162,274.69 0.75 5,070.25 0.04 3 33,329.15 0.15 12,189.68 0.10 21,790,458.47 100.00 12,208,203.06 100.00 5% - 22 -

5 2005.06.30 2004.12.31 16,597,570.92 16,412,494.17 154,901,174.34 337,592,884.61 70,363,495.30 101,498,839.20 47,388,165.13 50,930,364.96 2,915,370.67 7,870,962.17 292,165,776.36 514,305,545.11 1 2005 6 30 2 2005 6 30 2004 12 31 222,139,768.75, 43.19%, 3 2005 7,147,220.37, 17.73% 6 2004.12.31 2005.06.30 80,189.03 80,189.03-0.04-0.04 1,820,588.29 696,390.60 1,124,197.69 1,155,887.67 1,578,146.30 366,809.77 2,367,224.20-22,000.00 33,112.40 37,491.09 17,621.31 1,258,076.74 3,431,846.99 1,180,880.53 3,509,043.20-23 -

7 2004.12.31 2005.06.30 1,725,000.00 1,725,000.00 : 99,308,338.49 3,860,491.45 95,447,847.04 101,033,338.49 0.00 3,860,491.45 97,172,847.04 8 1 2004.12.31 2005.06.30 552,760,176.82 118,049,537.13 670,809,713.95 64,367,651.53 19,997,402.78 2,296,600.82 82,068,453.49 21,273,634.22 21,273,634.22 14,900,994.30 14,900,994.30 653,302,456.87 138,046,939.91 2,296,600.82 789,052,795.96 2 2004.12.31 2005.06.30 178,560,663.04 18,564,901.42 197,125,564.46 4,814,198.29 4,203,393.71 1,430,051.00 7,587,541.00 5,886,208.11 1,041,128.49 6,927,336.60 2,209,574.54 136,194.28 2,345,768.82 191,470,643.98 23,945,617.90 1,430,051.00 213,986,210.88-24 -

1 2005 6 30 503.88 2 2005 6 30 3 1,920 4 9 2004.12.31 2005.06.30 7,707,088.43 7,707,088.43 78.00 8,450,782.97 436,021.36 7,033,423.86 1,853,380.47 93.00 6,363,239.27 6,127,408.80 235,830.47 90.00 36,242,760.25 6,740,945.59 42,212,631.46 771,074.38 95.00 58,763,870.92 7,176,966.95 55,373,464.12 10,567,373.75 1 2 10 15,442,802.88 13,592,487.60 314,100.00 2,164,415.28 13,278,387.60 33.2-42.5 1,000-25 -

11 2004.12.31 2005.06.30 1,009,300.00 59,976.00 17,955.00 967,279.00 42,021.00 12,912.48 12,912.48 12,912.48 1,022,212.48 72,888.48 0.00 17,955.00 967,279.00 54,933.48 12 2005.06.30 2004.12.31 6,000,000.00 7,000,000.00 10,869,919.50 10,869,919.50 16,869,919.50 17,869,919.50 13 2005.06.30 2004.12.31 171,426,746.15 157,896,490.24 5% 14 2005.06.30 2004.12.31 1,151,703.10 192,192,938.10 1 5% - 26 -

2 2005 6 30 2004 12 31 191,041,235.00 99.40%, 15 2005.06.30 2004.12.31 7,043,642.55 7,034,357.84 6 16 2005.06.30 2004.12.31 13,333,769.14 11,968,461.86 17 2005.06.30 2004.12.31 6,762,252.78 4,537,052.31 13% 17% 3,718,817.65 1,462,517.26 3 5% 929,788.38 461,941.45 5% 7% 439,323.24 33,537.77 1.3 / 2.8 / 65,912,021.47 47,335,219.65 105,699.71 465.00 2,807,191.94 1,842,182.12 510,000.00-504,000.00-62,282.47-15434.29 81,247,377.64 55,153,481.27-27 -

18 2005.06.30 2004.12.31 3% 565,486.78 371,277.93 4% 6,480.62 9,078.85 571,967.40 380,356.78 19 2005.06.30 2004.12.31 213,568,980.87 155,309,893.75 5% 20 2005.06.30 2004.12.31 25,866.97 12,255.85 25,866.97 12,255.85-28 -

21 2005.06.30 2004.12.31 2,439,061.20 2,439,061.21 7.0272% 2,439,061.20 2,439,061.21 22 2005.06.30 2004.12.31 16,784,109.62 19,166,637.27 334,114.48 696,072.88 190,899.93 190,899.93 17,309,124.03 20,053,610.08 23 153,109,440.00 153,109,440.00 153,109,440.00 153,109,440.00 213,412,320.00 213,412,320.00 366,521,760.00 366,521,760.00 194,594,400.00 194,594,400.00 194,594,400.00 194,594,400.00 561,116,160.00 561,116,160.00-29 -

24 2004.12.31 2005.06.30 68,206,490.96 68,206,490.96 10,047,712.78 10,047,712.78 4,504,499.31 4,504,499.31 82,758,703.05 82,758,703.05 25 2004.12.31 2005.06.30 46,048,047.08 46,048,047.08 16,470,079.24 16,470,079.24 62,518,126.32 62,518,126.32 26 2005.06.30 2004.12.31 22,477,841.37 45,347,952.63 92,755,343.16 54,209,583.42 115,233,184.53 99,557,536.05 4,534,795.26 2,267,397.63 115,233,184.53 92,755,343.16 115,233,184.53 92,755,343.16-30 -

27 2005 1-6 2004 1-6 110,623,083.17 69,490,987.15 41,132,096.02 106,142,879.49 55,206,228.97 50,936,650.52 4,888,190.55 1,292,102.86 3,596,087.69 4,614,109.33 2,356,324.22 2,257,785.11 196,059,148.69 162,750,832.18 33,308,316.51 13,040,200.00 1,301,964.00 11,738,236.00 6,391,125.00 3,881,806.83 2,509,318.17 331,001,747.41 238,717,693.02 92,284,054.39 110,756,988.82 57,562,553.19 53,194,435.63 1 220,244,758.59 198.85% 2 2005 1-6 112,515,487.18, 33.99% 28 2005 1-6 2004 1-6 11,248,026.46 145,731.67 20,000.00 1,760,111.79 436,381.92 834,583.81 264,688.43 1,219,649.61 985,799.43 20,246.05 15,082,617.72 1,852,601.45-31 -

29 2005 1-6 2004 1-6 63,000.00 70,755.46 503,400.00 3,000.00 208,028.02 3,257,820.43 76,648.97 3,323,820.43 858,832.45 : 30 2005 1-6 2004 1-6 617,317.12 520,807.39 529,446.07 1,042,190.20 3,569.30 2,220.99 91,440.35-519,161.82 31 2005 1-6 2004 1-6 -3,860,491.45-107,739.56-3,860,491.45-107,739.56 : 3,860,491.45 32 2005 1-6 2004 1-6 99,358.00 4,405.06 10,500.00 35,333.00 265,000.00 106,339.00 231,837.78 899,775.11 142,480.50 1,145,210.17 649,818.28-32 -

33 2005 1-6 2004 1-6 443,427.00 2,514,553.91 85,000.00 15,800.00 0.00 20,215.46 237,619.00 1,100.00 326,058.37 189,543.36 1,092,104.37 2,741,212.73 34 18,203,566.84 1 12,106,568.12 2 3,730,535.03 3 2,366,463.69 35 2005.06.30 2004.12.31 1 2,277.96 1,977.69 20% 2 962.03 913.80 10% 3 772.62 765.25 10% 4 972.48 967.13 10% 5 1,852.85 1,839.46 20% - 33 -

1 2005.06.30 2004.12.31 % % % % 1 29,992,379.82 69.97 1,799,542.79 6 27,560,620.51 70.96 1,653,637.23 6 1-2 1,367,437.05 3.19 82,046.22 6 1,255,378.06 3.23 75,322.68 6 2-3 932,164.51 2.17 55,929.87 6 773,102.89 1.99 46,386.17 6 3 10,574,383.96 24.67 634,463.04 6 9,251,057.77 23.82 555,063.47 6 42,866,365.34 100 2,571,981.92 38,840,159.23 100 2,330,409.55 2 2005.06.30 2004.12.31 % % % 1 15,335,969.98 11.99 920,158.20 6 9,256,217.29 8.20 555,373.04 1-2 15,432,076.35 12.07 925,924.58 6 14,955,207.23 13.24 897,312.43 2-3 14,613,805.52 11.43 876,828.33 6 12,889,026.94 11.41 773,341.62 3 78,938,970.89 61.74 4,736,338.25 6 75,814,390.62 67.14 4,548,863.44 3,533,993.78 2.77 3,533,993.78 100-127,854,816.52 100 10,993,243.14 112,914,842.08 100 6,774,890.53 3 2004.12.31 2005.06.30 396,127,250.94 13,635,179.60 409,762,430.54 : 396,127,250.94 13,635,179.60 409,762,430.54 396,127,250.94 13,635,179.60 409,762,430.54-34 -

1, 2 1 (1) 1 2 3 4 258 5 5 6 22 7 8 9. 14.8-35 -

2 1 46.70 46.70 2 10,000.00 10,000.00 3 9,000.00 9,000.00 4 3,000.00 3,000.00 5 7,200.00 7,200.00 6 100.00 100.00 7 6,500.00 6,500.00 (3) ( : ) (%) (%) 1 19,202.83 34.22 19,202.83 34.22 2 5,404.32 9.63 5,404.32 9.63 3 7,200.00 80.00 7,200.00 80.00 4 2,700.00 90.00 2,700.00 90.00 5 6,480.00 90.00 6,480.00 90.00 6 80.00 80.00 80.00 80.00 7 5,850.00 90.00 5,850.00 90.00 2 1 A - 36 -

2,920 B 1,200 (2) 2005 6 30,. 2001, 1 1,600 71.85 2 1,200 8.63 1999 5 10 2005 6 30, 2005 6 30 1 2 3-37 -

4 5 00-38 -

1/2 2005 6 30 : : -1 164,155,175.16 61,286,943.96 105,220,573.80 54,770,649.74-2 55,853,034.41 40,294,383.42 50,681,800.65 36,509,749.68-3 188,114,224.28 116,861,573.38 172,480,697.01 106,139,951.55-4 21,790,458.47 21,710,458.47 12,208,203.06 12,180,353.06-5 292,165,776.36 134,829,551.19 514,305,545.11 123,699,652.72-6 3,509,043.20 3,498,571.67 1,258,076.74 1,247,605.21 725,587,711.88 378,481,482.09 856,154,896.37 334,547,961.96-7 97,172,847.04 409,762,430.54 101,033,338.49 396,127,250.94 97,172,847.04 409,762,430.54 101,033,338.49 396,127,250.94-8 789,052,795.96 534,270,660.66 653,302,456.87 480,019,235.27-8 213,986,210.88 192,187,321.33 191,470,643.98 175,013,927.08 575,066,585.08 342,083,339.33 461,831,812.89 305,005,308.19 5,038,876.20 5,038,876.20 5,038,876.20 5,038,876.20 - -9 10,567,373.75 10,560,873.75 58,763,870.92 58,763,870.92 580,595,082.63 347,605,336.88 515,556,807.61 358,730,302.91 : -10 13,278,387.60 13,278,387.60 13,592,487.60 13,592,487.60-11 54,933.48 42,021.00 72,888.48 59,976.00 - - 13,333,321.08 13,320,408.60 13,665,376.08 13,652,463.60 1,416,688,962.63 1,149,169,658.11 1,486,428,229.18 1,103,057,979.41-39 -

2/2 2005 6 30 : -12 16,869,919.50 10,869,919.50 17,869,919.50 10,869,919.50 - -13 171,426,746.15 152,696,746.15 157,896,490.24 139,166,490.24-14 1,151,703.10 350,023.10 192,192,938.10 350,023.10-15 7,043,642.55 7,041,676.55 7,034,357.84 7,034,357.84-16 13,333,769.14 13,095,608.74 11,968,461.86 11,699,016.48 - -17 81,247,377.64 34,595,772.24 55,153,481.27 26,459,215.63-18 571,967.40 477,529.79 380,356.78 471,952.98-19 213,568,980.87 88,642,155.94 155,309,893.75 85,353,743.98-20 25,866.97 25,866.97 12,255.85 12,255.85 1,695,220.44 2,335,733.44 506,935,193.76 307,795,298.98 600,153,888.63 281,416,975.60-21 2,439,061.20 2,439,061.20 2,439,061.21 2,439,061.21 - -22 17,309,124.03 17,309,124.03 20,053,610.08 20,053,610.08-19,748,185.23 19,748,185.23 22,492,671.29 22,492,671.29 526,683,378.99 327,543,484.21 622,646,559.92 303,909,646.89-35 68,379,409.74 64,633,336.73-23 561,116,160.00 561,116,160.00 561,116,160.00 561,116,160.00 561,116,160.00 561,116,160.00 561,116,160.00 561,116,160.00-24 82,758,703.05 82,758,703.05 82,758,703.05 82,758,703.04-25 62,518,126.32 62,518,126.32 62,518,126.32 62,518,126.32-25 16,470,079.24 16,470,079.24 16,470,079.24 16,470,079.24-26 115,233,184.53 115,233,184.53 92,755,343.16 92,755,343.16 821,626,173.90 821,626,173.90 799,148,332.53 799,148,332.52 1,416,688,962.63 1,149,169,658.11 1,486,428,229.18 1,103,057,979.41 : : : - 40 -

: 2005 1-6 : 2005 1-6 2004 1-6 -27 331,001,747.41 115,511,273.72 110,756,988.82 110,756,988.82-27 238,717,693.02 70,783,090.01 57,562,553.19 57,562,553.19-28 15,082,617.72 2,053,418.71 1,852,601.45 1,852,601.45 ( - 77,201,436.67 42,674,765.00 51,341,834.18 51,341,834.18 ( - ) -29 3,323,820.43 3,323,820.43 858,832.45 858,832.45 4,961,211.56 4,801,109.42 6,846,562.56 6,846,562.56 24,179,894.80 21,297,187.07 8,748,001.43 8,748,001.43-30 91,440.35-193,539.97-519,161.82-519,161.82 ( - 51,292,710.39 20,093,828.91 37,125,264.46 37,125,264.46 ( - ) -31-3,860,491.45 13,635,179.60-107,739.56-107,739.56-32 1,145,210.17 949,860.17 649,818.28 649,818.28-33 1,092,104.37 1,070,506.40 2,741,212.73 2,741,212.73 ( - 47,485,324.74 33,608,362.28 34,926,130.45 34,926,130.45 21,261,410.36 11,130,520.91 11,525,623.05 11,525,623.05 3,746,073.01 ( - 22,477,841.37 22,477,841.37 23,400,507.40 23,400,507.40 92,755,343.16 92,755,343.16 54,209,584.42 54,209,584.42 115,233,184.53 115,233,184.53 77,610,091.82 77,610,091.82 115,233,184.53 115,233,184.53 77,610,091.82 77,610,091.82 115,233,184.53 115,233,184.53 77,610,091.82 77,610,091.82 : 1. 2. 3. 4. 5. 6. : : : - 41 -

: 2005 1-6 : 198,602,387.91 111,658,921.55 14,107,511.66 10,165,321.01 212,709,899.57 121,824,242.56 86,252,366.89 58,582,199.75 28,614,790.20 23,122,407.68 17,373,084.70 15,539,744.90 18,203,566.84 16,456,284.58 150,443,808.63 113,700,636.91 62,266,090.94 8,123,605.65 : 146,359.65 146,359.65 146,359.65 146,359.65 1,860,532.11 1,723,015.98 : 1,860,532.11 1,723,015.98-1,714,172.46-1,576,656.33 : - 1,000,000.00 617,317.12 30,655.10-1,617,317.12 30,655.10-1,617,317.12-30,655.10 58,934,601.36 6,516,294.22 : : : - 42 -

: 2005 1-6 1. 22,477,841.37 22,477,841.37 22,515,566.90 17,173,394.33 314,100.00 314,100.00 17,955.00 17,955.00-2,250,966.46-2,250,966.46 : 13,611.12 13,611.12 91,440.35-193,539.97 3,860,491.45-13,635,179.60 222,139,768.75-11,129,898.47-10,387,016.44-20,544,424.55-200,913,287.11 15,240,199.88 640,513.00 640,513.00 3,746,073.01 62,266,090.94 8,123,605.65 2. 3. 164,155,175.16 61,286,943.96 105,220,573.80 54,770,649.74 58,934,601.36 6,516,294.22 : : : - 43 -

21,721,211.1 1 330,078.75 2,944,917.87 2,944,917.87 19,106,371.9 9 3,235,008.55 330,078.75 3,565,087.30 18,486,202.5 6 2,944,917.87 2,944,917.87 15,541,284.6 9 5,038,876.20 5,038,876.20 26,760,087.3 1 330,078.75 2,944,917.87 2,944,917.87 24,145,248.1 9-44 -