Hubei Yihua Chemical Industry Co., LTD 2004

2004 1.2.4 7.11..13 15..25 27 29..30 31...58 1

2004 Hubei Yihua Chemical Industry Co., LTD : HBYH 0717-6442268 6444588 0717-6448689 zyj@hbyh.cn 102 399 443007 102 443000 http://www.hbyh.cn/ yhirm@hbyh.cn http://www.cninfo.com.cn/ 000422 2004 11 24 4200001000398 17912037-8 1056 8 A B 1

2004 2004 159,684,308.46 115,600,191.51 130,437,218.16 320,980,440.06-1,062,984.04 178,440,054.54-373,209.25 353,334.19-18,735,871.02 387,002,731.91 116,519,948.86 : :1,956,540.13 :20,692,411.15 139,080.11 353,344.19-3,406,420.07-14,837,026.65 2004 2003 2002 163058.09 99136.43 79021.78 11560.02 6540.92 5083.66 243260.09 198504.43 164253.94 113057.71 84656.79 78115.87 / 0.4689 0.3058 0.2377 / 4.59 3.96 3.65 / 4.58 3.96 3.65 / 1.57 0.57 0.82 ( ) % 10.22 7.93 6.51 ( ) % 12.74 8.04 6.63 % 14.37 8.08 6.52 2

2004 % 28.39 35.36 1.3020 1.4819 15.78 19.66 0.7238 0.8238 10.22 12.74 0.4689 0.5337 11.54 14.37 0.5291 0.6022 213880370.00 431080525.86 56393418.02 18797805.97 123825536.54 846567887.42 32655109.00 157141960.04 17340028.73 5780009.58 115600191.51 338329574.13 54320350.58 54320350.58 246535479 588222485.90 73733446.75 24577815.55 185105377.47 1130577110.97 2003-2004 3

2004 1 + - 1 62875822 62875822 2 42154183 3 4 105030005 1 108850365 32655109 2 3 4 108850365 32655109 32655109 32655109 62875822 62875822 42154183 105030005 141505474 141505474 213880370 32655109 32655109 246535479 2 1 2001 65 2001 8 14 26917335 10 2001 9 28 2 2004 142 2004 10 25 2003 32655109 6.17 2004 11 18 246535479 4

2004 1 34250 2 % 0 60232029 24.43 0 14274000 5.79 - +5309357 7142801 2.90-0 6768450 2.75 - - +5924312 5924312 2.40 - -4150178 5314690 2.16-0 5070000 2.06 - +4370163 4370163 1.77 - +3282318 3282318 1.33 - +3112310 3112310 1.26-37.28% 3 1995 4 16 20500 5

2004 4 100% 24.43% 5 7142801 A - 5924312 A 5314690 A 4370163 A 3282318 A 3112310 A - 2706448 A - 50 1945193 A - 1671492 A 1459291 A 6

2004 39 2003 2006 5703 7413 55 2003 2006 0 0 39 2003 2006 0 0 42 2003 2006 0 0 49 2003 2006 0 0 39 2003 2006 0 0 38 2003 2006 0 0 41 2003 2006 0 0 40 2003 2006 0 0 47 2003 2006 10610 10610 52 2003 2006 0 0 57 2003 2006 0 0 39 2003 2006 0 0 51 2003 2006 0 0 59 2003 2006 0 0 36 2003 2006 0 0 32 2003 2006 0 0 44 2003 2006 0 0 40 2003 2006 0 0 34 2003 2006 0 0 34 2003 2006 0 0 30 2003 2006 0 0 34 2003 2006 0 0 35 2003 2006 0 0 34 2003 2006 0 0 33 2003 2006 0 0 1710 7

2004 1996 2001 2 2001 2 2001 5 2001 2 2001 2 2001 5 2004 3 2001 2 2001 2 2002 4 2003 9 2003 9 2004 3 2003 9 2003 9 2001 11 200 11 2002 8

12 2004 2002 12 2002 12 2004 2 2004 7 2001 10 2000 4 2004 3 2001 11 2001 11 2000 4 2001 2 2001 2 2003 9 2003 9 2004 2004 12 24 9

2004 2004 343.62 2004 94.2 2004 87.75 2004 4, 14 38 30 1 30 20 9 20 10 2 10 4 2 1 2 2 2 2464 32 227 403 148 54 1632 901 1341 222 10

2004 5 3 2 0 5 4 1 0 5 5 0 0 5 5 0 0 5 5 0 0 11

2004 2004 12 24 12

2004 2003 2004 2 12 2004 3 20 102 11 4 87523050 40.92 % 1 2003 2 2003 3 2003 4 2003 5 2003 2003 213880370 10 1 ( ) 6 7 8 2003 1) (A ) 1 2) 2002 213,880,370 10 3 64164111 18862746 12646254 32655109 3) A 30 65-85 B 13

2004 a b c d 4) 5) 9 10 PVC 11 2004 2 14 2004 2004 11 23 2004 12 24 102 11 2 68413064 27.75% 1 60232029 24.43% 1 8181035 3.32% 1 2003 2 3 4 2004 12 25 2004 3 20 14

2004 1/3 2/5 PVC 2004 1 2004 163,058.09 32,098.04, (%) ( ) ( ) (%) (%) 79033.21 62499.84 20.92 24.50 22.91 1.23 37909.87 30825.19 18.69 39.48 40.01 79033.21 62499.84 20.92 24.50 22.91 27858.04 22773.94 18.25 66.20 65.96 0.31 1.03 0.12 31950.57 25722.93 19.33 - - - 15

2004 ( ) (%) 33193.95 16.20 45839.26 31.29 11003.93 26.15 8184.69 27.69 8669.42 432.10 13524.68-13122.10-5303.79-64.48% PVC 2003 64% 48% 20% 66% 36.5% 2998 2004 12 31 49,220.29 2004 5,973.25 ( ) 50013.65 35.18% 23107.44 14.17%, 2003 16

2004 PVC, 100% 2004 10 2003 201,482,022.53 11,711,490.82 26,537.33 189,797,069.04 18979.71 9568.34 9411.37 11000 4408.64 60% 6200 5159.70 90% 1 9568.34 9411.37 2 1872 1258 3 4 1.65 17

18 2004 2006 10.57% 1.6 2279 a TMP TMP TMP BASF TMP b 1.6 2279 1935 344 [2004]526 20 / 2-3%

2004 5.4% 1.6 / 587.91 393.9 19.07%, 25.61% 20.25% 6.10 1. 1891.94 2. 9365.13 3. PVC 15523.07 4. 5436.22 5. 529.59 2004 2003 % 243,260.09 198,504.43 22.55 113,057.71 82,517.99 37.01 32,098.04 18,835.71 70.41 11,560.02 6,540.92 76.73 11,651.99-3,999.29-1 2 3 19

2004 4 5 1 2004 1 2 2004 1 1 50% 2004 2005 2 2004 11 17 2005 50% 30 2004 12 1 1998 1400 1500 10% 1650 2005 3 2005 2005 1 1 260 / 5 1 2004 2 10 15 12 a) 2003 b) 2003 2004 c) 2003 20

2004 d) 2003 e) f) < > g) h) i) 2003 j) k) PVC l) 2003 2004 2 12 2 2004 4 11 15 14 a) 2004 2004 4 13 3 2004 7 14 15 9 a) 2003 b) 2004 7 15 4 2004 10 12 15 9 a) 2004 b) 2003 c) d) e) 2004 2004 10 13 5 21

2004 2004 11 22 15 11 a) b) 2004 2004 11 23 1 2004 5 11 2003 2003 2003 213880370 10 1 2138.8 2004 5 18 2004 5 19 2 2004 3 20 2003 1) 2004 5 17 2004 26 [2004]142 2003 2) 2004 9 28 3) 2004 10 15 2004 10 22 2004 10 25 2004 10 25 2004 11 5 4) 2002 213880370 10 3 [2004]38 12646255 11977856 668399 2004 11 5 32655109 32655109 6.17 5) 32,655,109 2004 11 5 26,471,384 6,183,761 2004 039 2004 11 11 201,482,022.53 11,711,490.82 26,537.33 189,797,069.04 246,535,479 22

2004 6) 2004 11 16 11 18 2004 115,600,191.51 123,825,536.54 239,425,728.05 11,560,019.15 5,780,009.58 222,085,699.32 2004 2004 246535479 10 1.5 ( ) 36,980,321.85 78,619,869.66 2004 2004 246535479 10 1 1 2 [2005] 012 2005 012 2004 [2003]56-9133340.56 33829742.76 24565177.99 131224.21-2338285.38 16647158.13 14308872.75 0.00 23

2004 2393602.79 15669337.21 18062940.00 0.00 : (2004)131 (2004)8,2004 9 3 2004 12 31 [2003]56 2005 2 1 3 [2003]56 [2003]56 24

2004 1 2004 2 10 a) 2003 b) 2003 c) 2004 2 12 2 2004 7 14 a) 2003 b) 2004 7 15 2004 25

2004 2004 2003 26

2004 1 2 3 5% 5% 2004 95 60 20 9 [2003]13 2004 1, 2 2004 1 2 2004 50% 2004 1 9 3 PVC 2005 PVC 27

2004 4 2005 2 3 28

2004 (2005) 0029 2004 12 31 2004 2004 2004 12 31 2004 2005 2 1 29

2004 OO 30

2004 2004 [1992]42 1992 [1996]118 [1996]119 1996 8, 1,635 6,538.54 1997 1 13 [1997]05 10 5 9,807.81 1997 6 27 [1997]29 1996 10 3 12,750.153 ;1997 [1997]38 [1997]105 1997 12,750.153 10 1.5384 329.943 1,632.619 14,381.772 1998 10 27 [1998]43 14,381.772 10 3 43,145,315 186,963,035 2001 7 12 [2001]65 18,696.3035 10 3 179.802 2,691.7335 21,388.037 2004 10 25 2004 142 21,388.037 10 3,, 3,265.5109 24,653.5479 4200001000398 246,535,479.00 31

1 2 1 1 12 31 3 4 5 6 7 (1) A B C a b D a 32

b (2) (3) 8 (1) 6% ( ) (2) A B C D (3) 9 (1) (2) (3) A B C D (4) 33

10 (1) A a b c 50% 20% 20% 20% 20% 20% B C, 10, (2) A B C (3) 11 (1) 1 2000, 2 (2) 34

A B C D E F (3) % % 20--25 4 4.80 3.84 7 14 4 13.71 6.86 10 15 4 9.60 6.40 8-12 4 12.00 8.00 10-15 4 9.60 6.40 (4) A a b 35

c d e B, 12 (1) (2) A a 3 b,. c B 13 (1) (2) A B C (3) (4) 3 3 14 (1) A B C D 36

E F (2) (3) (4) : a b c d 15 16 (1) : A B C D (2) A B C (3) A B 17 18 (1) 50% 50% [1996]2 37

10% (2) [1995]11 1 [2001]113 13% 13% 17% [2004]33, 2004 1 1 2004 12 31,, 50% 2 7 3 3 4 33 15% 2998 6,784,158 36.5%, 1 2001 36.5% 38

2 2001 10 22 25%, 20% 5% 6 3 61.5% 56.5% 1 200,856,062.78 116,840.81 99,023.27 200,739,221.97 81,737,090.65 2,500,000.00 200,856,062.78 84,336,113.92 (1), 266,155.21 8.2765 2,202,833.60 ; (2) 138.16% 2 8,815,900.00 9,000,000.00 184,100.00 7,100,000.00 9,000,000.00 184,100.00 7,100,000.00 (1) 1,400,000.00 1,400,140.00 800,000.00 772,000.00 28,000.00 500,000.00 483,700.00 16,300.00 2,000,000.00 2,006,000.00 3,000,000.00 2,860,200.00 139,800.00 1,300,000.00 1,302,080.00 39

9,000,000.00 8,824,120.00 184,100.00 (1) ; (2), 8,824,120.00, 2004 12 31 ; (3) 2004 12 31, 184,100.00 3 25,831,880.95 25,831,880.95 4,145,832.94 (1) 523.08% PVC ; (2) ; (3) 9,183,600.00, 3,739,089.22 4 32,342,806.29 (%) (%) 1 28,913,859.58 84.03 1,734,831.58 26,074,557.44 94.19 1,564,473.45 1-2 5,283,953.41 15.36 317,037.21 1,609,656.00 5.81 96,579.36 2-3 209,427.76 0.61 12,565.67 34,407,240.75 100.00 2,064,434.46 27,684,213.44 100.00 1,661,052.81 32,342,806.29 26,023,160.63 (1) 24.28% PVC (2) 5 13,657,846.67 39.69% (3) 5%( 5%) 131,224.21 5 18,280,818.82 (%) (%) 1 19,332,292.93 99.41 1,159,937.58 14,784,607.80 97.35 887,076.46 40

1-2 102,766.22 0.53 6,165.97 401,689.92 2.65 24,101.40 2-3 12,620.45 0.06 757.23 19,447,679.60 100.00 1,166,860.78 15,186,297.72 100.00 911,177.86 18,280,818.82 14,275,119.86 : (1) 28.06%, (2) 5 6,928,945.05 35.63% (3) 5%( 5%) 6 177,985,614.21 (%) (%) 1 172,521,210.70 96.93 135,440,059.82 95.32 1-2 5,464,403.51 3.07 6,651,013.78 4.68 177,985,614.21 100.00 142,091,073.60 100.00 (1) 25.26%, : (2) (3) 5%( 5%) 7 218,063,052.13 138,912,107.96 1,597,189.56 66,465,037.32 1,597,189.56 80,748,133.73 15,662,883.13 219,660,241.69 1,597,189.56 82,127,920.45 1,597,189.56 218,063,052.13 80,530,730.89 167.46% (1) 3,700 (2) 3,500 ; (3) PVC (4) 8 434,512.72 1,823,605.98 1,823,605.98 523.609.35 1,146,679.19 1,269,109.13 401,179.41 41

2,404,108.90 2,404,108.90 4,468.18 86,839.97 57,974.84 33,333.31 528,077.53 5,461,234.04 5,554,798.85 434,512.72 9 2,000,000.00 2004 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 : 2004 11 15, 2004 200 2004, 4.94%( ), 2004 11 16, 100 / 10 3,543,334.58 (1) 3,543,334.58 4,055,623.94 (2) 2001 36.5% 56,151,475.76 5,122,893.44, 1,579,558.86 11 (1) 2,276,742,444.82 411,255,753.43 103,456,449.92 2,015,202.20 512,697,001.15 1,317,181,786.62 313,097,648.37 42,687,328.03 1,587,592,106.96 9,886,162.36 7,782,594.00 51,145.00 17,617,611.36 131,071,545.53 6,630,354.41 3,801,071.58 133,900,828.36 24,459,589.38 475,307.21 24,934,896.99 1,893,854,837.32 431,442,354.31 48,554,746.81 2,276,742,444.82 42

(2) 639,262,839.07 61,079,059.91 21,418,840.43 598,850.33 81,899,050.01 360,287,335.23 137,309,326.00 14,825,338.47 482,771,322.76 1,100,228.10 1,851,116.75 19,803.36 2,931,541.49 41,095,529.87 12,473,127.99 2,513,636.51 51,055,021.35 13,381,131.35 7,224,772.11 20,605,903.46 476,943,284.46 180,277,183.28 17,957,628.67 639,262,839.07 1,416,911,552.86 1,637,479,605.75 (3) 161,011,258.29 167,343,904.52 (4) 1,476,468,347.46 1,249,567,648.34 (1) 404,778,888.97 ; (2) 33,616.24, 12 0.00 4,510,330.46 133,510,905.95 138,021,236.41 PVC 13 258,708,739.63 1 1 16,461,237.06 59,956,352.45 15,454,383.48 60,963,206.03 ; 10,252,078.57 11,369,289.10 10,111,331.62 11,510,036.05 771,883.99 2,324,021.71 121,559.34 2,974,346.36 5,437,274.50 46,263,041.64 5,221,492.52 46,478,823.62 2 3,497,367.34 18,919,415.59 6,775,117.57 15,641,665.36 43

3 52,296,179.84 310,000.00 51,986,179.84 24,563,383.82 24,563,383.82 10,088,493.61 10,088,493.61 4 99,811,692.96 93,651,291.38 162,281,374.06 31,181,610.28 99,811,692.96 61,446,574.89 160,022,257.42 1,236,010.43 32,204,716.49 2,259,116.64 29,945,599.85 5 PVC 93,057,041.20 155,230,674.90 208,769,566.62 39,518,149.48 8,878,321.25 60,940,141.62 67,057,211.63 2,761,251.24 PVC 84,178,719.95 57,714,130.69 141,712,354.99 180,495.65 PVC 36,576,402.59 36,576,402.59 6 29,844.50 54,362,160.05 54,392,004.55 7 11,426,682.50 5,295,926.26 11,188,447.24 5,534,161.52 : 238,335.35 817,994.31 1,056,329.66 224,283,865.65 439,712,000.38 404,778,888.97 259,216,977.06 : ( ) 4,490 47 100 43,458 2 508,237.43 508,237.43 (1) 404,778,888.97 (2) PVC 1,848,300.00 14 9,269,791.92 13,242,560.00 10,594,047.96 1,324,256.04 9.269,791.92 7 13,242,560.00 10,594,047.96 1,324,256.04 9.269,791.92 ; 160 13,242,560.00, 2002 1 10 15 320,000,000.00 100,000,000.00 120,450,000.00 44

220,000,000.00 142,100,000.00 320,000,000.00 262,550,000.00 16 18,000,000.00 5,000,000.00 (.. ) (.. ) 2004-9-21 2005-2-21 4,000,000.00 2004-9-21 2005-3-18 4,000,000.00 2004-10-26 2005-4-26 10,000,000.00 18,000,000.00 17 128,057,188.14 138,225,982.76 5 5 18 165,129,554.16 88,238,913.70 (1) 87.14% (2) 5 5 19 4,029,239.50 5,683,217.90 2004 3 20 2003 213,880,370.00 10 1 ( ), 20 5,160,558.21-15,858,674.96 4,980,910.60-11,250,244.12 84,818.15 281.20 16,555.18 670,949.59 745,525.64-3,340,894.46-9,113.63 9,782.60-470,380.03-1,374,340.64 45

-369,208.43-187,757.70-205,000.70 5,160,558.21-15,858,674.96 (1) (2) 2004-3,340,894.46, 40,824,572.73 ( 9,008,116.63 ) 2003 22,724,111.22 ( 2003 8,736,552.68 ) 14,014,041.41, 745,525.64 21 1,437,119.58 1,953,564.42 264,168.30 424,311.25 957,318.29 1,164,120.67 215,632.99 365,132.50 1,437,119.58 1,953,564.42 22 39,675,494.95 22,507,452.75 (1) 76.28% ; (2) 5 5 23 7,123,329.90 9,809,756.74 3,503,863.24 436,073.48 2,725,626.66 3,185,581.69 1,225,965.63 374,837.41 189,253.11 2,982,484.50 2,309,400.92 7,123,329.90 9,809,756.74 24 30,000,000.00 46

(%) 10,000,000.00 2003.02.14-2005.02.13 5.49 20,000,000.00 2003.01.23-2005.01.22 5.49 25 450,250,000.00 456,100,000.00 (%) 74,500,000.00 1998.12.20-2006.12.20 5.76 (1) 26,000,000.00 2002.06.17-2007.06.17 5.58 (2) 34,000,000.00 2002.04.30-2007.04.30 5.58 (2) 60,000,000.00 2003.05.06-2008.05.06 5.58 (3) 55,000,000.00 2003.04.22-2008.04.22 5.31 (3) 50,000,000.00 2004.12.7-2007.6.6 5.76 (4) 50,000,000.00 2004.12.7-2007.12.6 5.76 (4) 30,000,000.00 2004.04.09-2006.04.08 5.58 30,000,000.00 2004.06.26-2006.06.25 5.58 40,000,000.00 2004.07.28-2006.07.27 5.58 750,000.00 2002.12.01-2006.11.30 - (5) 450,250,000.00 1 7,450.00 2 6,000 18,616.24 3 11,500 (4) 10,000 15,000.00 (5) 75 26 1,559,849.19 1,309,849.19 109,849.19 109,849.19 500,000.00 500,000.00 47

200,000.00 200,000.00 500,000.00 500,000.00 250,000.00 1,559,849.19 1,309,849.19 27 124,264,400.41 98,280,744.97 85,664,352.36 62,667,323.99 38,600,048.05 35,613,420.98 124,264,400.41 98,280,744.97 (1) ; (2) 5% 28 246,535,479.00 / 1. 62,875,822.00 62,875,822.00 42,154,183.00 42,154,183.00 2. 3. 4. 105,030,005.00 105,030,005.00 1. 108,850,365.00 32,655,109.00 32,655,109.00 141,505,474.00 2. 3. 48

4. 108.850,365.00 32,655,109.00 32,655,109.00 141,505,474.00 213,880,370.00 32,655,109.00 32,655,109.00 246,535,479.00 : 2002 2003 2004 142 2004 10 25 11 5 32,655,109.00, 1 6.17 201,482,022.53 26,537.33 201,508,559.86 11,711,490.82 189,797,069.04 : 32,655,109.00 157,141,960.04 2004 039 29 588,222,485.90 431,080,525.86 415,127,062.19 157,141,960.04 572,269,022.23 15,953,463.67 15,953,463.67 431,080,525.86 157,141,960.04 588,222,485.90 : 30 73,733,446.75 56,393,418.02 37,595,612.05 11,560,019.15 49,155,631.20 18,797,805.97 5,780,009.58 24,577,815.55 56,393,418.02 17,340,028.73 73,733,446.75 31 185,105,377.47 123,825,536.54 123,825,536.54 115,600,191.51 11,560,019.15 5,780,009.58 36,980,321.85 185,105,377.47 : 2004, 2004 246,535,479.00 49

, 10 1.5 ( ), 36,980,321.85 32 790,332,083.22 634,786,500.19 624,998,360.09 508,504,010.04 379,098,676.43 271,799,446.00 308,251,897.67 220,160,547.58 72,911,744.75 73,831,400.54 64,384,767.08 63,183,089.80 56,629,106.93 38,644,306.84 319,505,660.80 257,229,331.81 12,103,615.38 10,946,909.15 10,322,557.62 6,654,745.78 1,630,580,887.51 991,364,255.88 1,303,831,221.11 798,502,393.20 :(1) 64.48% PVC 14.17% (2) 231,074,446.55, 33-1,432,211.65 3,735,745.51 369,227.61-14,844.16-1,062,984.04 3,720,901.35 34 1,709,940.48 1,033,134.04 20,195,533.50 11,598,001.05 5,699,468.83 3,191,600.19 572,212.80 418,811.20 178,641.19 1,054,794.62 262,605.65 119,361.59 5,367,530.69 5,917,550.14 33,985,933.14 23,333,252.83 : 50

35 42,069,001.46 32,248,822.08 : 851,461.85 660,161.88 487,876.23 168,696.77 3,401.96-2,410.40 41,708,817.80 31,754,946.57 31.35, 36 323,180.11 20,424.67-512,289.36-512,289.36-184,100.00-373,209.25-491,864.69 37 2003 252 338,344.19 1,276,059.78 13,595,094.32 15,000.00 353,344.19 14,871,154.10 38 570,459.24 135,618.46 282,718.27 247,036.27 944,540.40 665,109.26 158,822.22 104,764.09 1,956,540.13 1,152,528.08 51

39 51,975.00 44,503.01 214,079.47 199,577.43 20,360,237.10 13,321,472.08 5,328,433.57 66,119.58 478,845.31 20,692,411.15 19,372,831.40 [2005]15 40 18,100,461.51 :(1) [2004]27 2003 32,261,639.63, 13,987,558.54 (2) [2004]23 2003 15,008,968.61, 8,736,552.68 (3) 2004 41 41,553,067.59 20,195,533.50 3,905,572.07 1,103,928.74 2,701,970.00 8,646,063.28 42 32,897,799.78 (%) (%) 1 22,054,271.88 63.83 1,323,256.32 17,924,043.45 91.76 1,075,442.61 52

1-2 5,283,953.41 15.29 317,037.20 1,609,656.00 8.24 96,579.36 2-3 209,427.76 0.61 12,565.67 1 7,003,005.92 20.27 34,550,658.97 100.00 1,652,859.19 19,533,699.45 100 1,172,021.97 32,897,799.78 18,361,677.48 : 1 43 210,657,445.64 (%) (%) 1 19,245,858.66 9.09 1,154,751.52 13,179,886.44 12.62 790,793.18 1-2 102,766.22 0.05 6,165.97 401,689.92 0.38 24,101.40 2-3 12,620.45 0.01 757.23 1 192,457,875.03 90.85 90,868,523.43 87.00 211,819,120.36 100.00 1,161,674.72 104,450,099.79 100.00 814,894.58 210,657,445.64 103,635,205.21 : 1 PVC 44 (1) 68,547,149.06 33,748,885.80 512,289.36 101,783,745.50 68,547,149.06 33,748,885.80 512,289.36 101,783,745.50 (1) 33,748,885.80 (2) 512,289.36, 5,122,893.44 10 1,579,558.86 (2) A (%) 101,783,745.50 22 36.50 101,783,745.50 53

B 5,122,893.44 10 512,289.36 1,579,558.86 3,543,334.58 5,122,893.44 10 512,289.36 1,579,558.86 3,543,334.58 45 790,332,083.22 634,786,500.19 624,998,360.09 515,632,119.38 379,098,676.43 271,799,446.00 308,251,897.67 223,246,714.90 89,363,602.39 71,378,802.30 17,712,960.67 16,522,706.87 15,931,902.91 15,170,517.77 1,276,507,322.71 923,108,653.06 1,020,560,962.97 754,049,352.05 46 33,748,885.80 8,629,088.40-512,289.36-512,289.36 323,180.11 20,424.67-184,100.00 33,375,676.55 8,137,223.71 ( ) ( ) 15,683,775.14 774,648,308.08 790,332,083.22 11,579,922.56 613,418,437.53 624,998,360.09 47,707,454.13 331,391,222.30 379,098,676.43 40,409,502.52 267,842,395.15 308,251,897.67 72,911,744.75 72,911,744.75 64,384,767.08 64,384,767.08 56,629,106.93 56,629,106.93 38,644,306.84 38,644,306.84 319,505,660.80 319,505,660.80 257,229,331.81 257,229,331.81 12,103,615.38 12,103,615.38 10,322,557.62 10,322,557.62 54

63,391,229.27 1,567,189,658.24 1,630,580,887.51 51,989,425.08 1,251,841,796.03 1,303,831,221.11 1 (1) 102 (2) ( ) ( ) ( ) ( ) 20,500.00 20,500.00 $2,998.00 $2,998.00 (3) (%) (%) 60,232,029.00 28.16 60,232,029.00 24.43 68,547,149.06 36.50 101,783,745.50 36.50 (4) 11 2004 1-9 : (2004)131 (2004),2004 9 3 2 55

(1) 2004 2003 2004 2003 (%) (%) 18,062,940.00 1.20 12,409,255.31 1.74 14,233,299.47 0.95 16 242 271 80 2.28 32,296,239.47 2.15 28 651 527 11 4.02 (2) 2004 2003 2004 2003 (%) (%) 1,145,880.33 0.12 4,132,508.68 0.42 5,278,389.01 0.54 (3) 2004 2003 2004 2003 (%) (%) 29,937,825.45 1.83 28,618,843.43 2.89 11,898,822.75 0.73 3,773,451.27 0.38 41,836,648.20 2.56 32,392,294.70 3.27 3 A 2004 12 31 2003 12 31 2004 12 31 2003 12 31 (%) (%) 131,224.21-9,133,340.56 0.38 10.35 2,393,602.79 9.20-6,737,734.77 19.55 B 56

2004 12 31 2003 12 31 2004 12 31 2003 12 31 (%) (%) 2,338,285.38 0.97 2,338,285.38 0.97 4 A 220,000,000.00, 190,250,000.00 B 2004 102 2,180, 2004 1 1 2004 12 31 10 654,000.00 2004, 2004 246,535,479.00, 10 1.5 ( ), 36,980,321.85 2004 246,535,479.00 10 1 57

: 2004 12 31 2004 12 31 2003 12 31 1 200,856,062.78 183,068,635.08 84,336,113.92 82,670,667.90 2 8,815,900.00 8,815,900.00 7,100,000.00 7,100,000.00 3 25,831,880.95 19,147,860.95 4,145,832.94 4,145,832.94 4 32,342,806.29 32,897,799.78 26,023,160.63 18,361,677.48 5 18,280,818.82 210,657,445.64 14,275,119.86 103,635,205.21 6 177,985,614.21 117,750,198.45 142,091,073.60 129,592,834.38 7 218,063,052.13 168,234,404.24 80,530,730.89 66,122,543.43 8 434,512.72 528,077.53 309,059.54 682,610,647.90 740,572,244.14 359,030,109.37 411,937,820.88 101,783,745.50 68,547,149.06 9 2,000,000.00 2,000,000.00 10 3,543,334.58 4,055,623.94 5,543,334.58 103,783,745.50 4,055,623.94 68,547,149.06 11 2,276,742,444.82 1,779,108,648.01 1,893,854,837.32 1,624,109,211.99 639,262,839.07 496,828,368.65 476,943,284.46 365,341,106.73 1,637,479,605.75 1,282,280,279.36 1,416,911,552.86 1,258,768,105.26 161,011,258.29 114,942,703.96 167,343,904.52 121,272,716.75 1,476,468,347.46 1,167,337,575.40 1,249,567,648.34 1,137,495,388.51 12 138,021,236.41 48,915,430.85 13 259,216,977.06 217,644,151.17 224,283,865.65 119,800,141.86 508,237.43 508,237.43 508,237.43 508,237.43 258,708,739.63 217,135,913.74 223,775,628.22 119,291,904.43 1,735,177,087.09 1,384,473,489.14 1,611,364,512.97 1,305,702,723.79 14 9,269,791.92 9,269,791.92 10,594,047.96 10,594,047.96 9,269,791.92 9,269,791.92 10,594,047.96 10,594,047.96 2,432,600,861.49 2,238,099,270.70 1,985,044,294.24 1,796,781,741.69 58

( ) : 2004 12 31 2004 12 31 2003 12 31 15 320,000,000.00 320,000,000.00 262,550,000.00 261,400,000.00 16 18,000,000.00 18,000,000.00 5,000,000.00 5,000,000.00 17 128,057,188.14 104,431,442.82 138,225,982.76 100,381,642.93 18 165,129,554.16 144,214,737.68 88,238,913.70 88,187,469.73 112,122.39 13,801.19 455,295.21 356,974.01 7,224,894.09 5,225,796.18 4,265,304.14 2,927,799.07 19 4,029,239.50 4,029,239.50 5,638,217.90 5,638,217.90 20 5,160,558.21 581,793.80-15,858,674.96-17,174,906.31 21 1,437,119.58 1,256,383.83 1,953,564.42 1,771,019.67 22 39,675,494.95 23,750,252.13 22,507,452.75 16,764,374.28 23 7,123,329.90 4,208,863.41 9,809,756.74 7,551,413.80 24 30,000,000.00 30,000,000.00 60,000,000.00 60,000,000.00 725,949,500.92 655,712,310.54 582,785,812.66 532,804,005.08 25 450,250,000.00 450,250,000.00 456,100,000.00 416,100,000.00 26 1,559,849.19 1,559,849.19 1,309,849.19 1,309,849.19 451,809,849.19 451,809,849.19 457,409,849.19 417,409,849.19 1,177,759,350.11 1,107,522,159.73 1,040,195,661.85 950,213,854.27 27 124,264,400.41 98,280,744.97 : 28 246,535,479.00 246,535,479.00 213,880,370.00 213,880,370.00 29 588,222,485.90 588,222,485.90 431,080,525.86 431,080,525.86 30 73,733,446.75 73,733,446.75 56,393,418.02 56,393,418.02 24,577,815.55 24,577,815.55 18,797,805.97 18,797,805.97 31 185,105,377.47 185,105,377.47 123,825,536.54 123,825,536.54 36,980,321.85 36,980,321.85 21,388,037.00 21,388,037.00 1,130,577,110.97 1,130,577,110.97 846,567,887.42 846,567,887.42 2,432,600,861.49 2,238,099,270.70 1,985,044,294.24 1,796,781,741.69 59

: 2004 2004 1-12 2003 1-12 32 1,630,580,887.51 1,276,507,322.71 991,364,255.88 923,108,653.06 1,630,580,887.51 1,276,507,322.71 991,364,255.88 923,108,653.06 32 1,303,831,221.11 1,020,560,962.97 798,502,393.20 754,049,352.05 5,769,226.34 5,769,226.34 4,504,772.22 4,504,772.22 320,980,440.06 250,177,133.40 188,357,090.46 164,554,528.79 33-1,062,984.04-2,522,783.43 3,720,901.35 1,811,225.79 34 33,985,933.14 29,370,462.38 23,333,252.83 23,333,252.83 65,782,650.54 58,505,231.44 42,581,725.00 37,270,444.43 35 41,708,817.80 40,973,952.92 31,754,946.57 31,696,480.75 178,440,054.54 118,804,703.23 94,408,067.41 74,065,576.57 36-373,209.25 33,375,676.55-491,864.69 8,137,223.71 37 353,334.19 15,000.00 14,871,154.10 13,595,094.32 38 1,956,540.13 1,846,682.02 1,152,528.08 1,152,168.76 39 20,692,411.15 20,612,972.73 19,372,831.40 13,711,947.53 159,684,308.46 133,429,089.07 90,567,053.50 83,238,115.83 40 18,100,461.51 17,828,897.56 18,514,200.80 17,828,897.56 25,983,655.44 6,643,634.43 115,600,191.51 115,600,191.51 65,409,218.27 65,409,218.27 123,825,536.54 123,825,536.54 89,615,738.01 89,615,738.01 239,425,728.05 239,425,728.05 155,024,956.28 155,024,956.28 11,560,019.15 11,560,019.15 6,540,921.83 6,540,921.83 5,780,009.58 5,780,009.58 3,270,460.91 3,270,460.91 222,085,699.32 222,085,699.32 145,213,573.54 145,213,573.54 36,980,321.85 36,980,321.85 21,388,037.00 21,388,037.00 185,105,377.47 185,105,377.47 123,825,536.54 123,825,536.54 1 2 3 4 5 6 60

2004 1,989,812,537.03 1,548,588,138.72 1,026,999.73 917,141.62 1,990,839,536.76 1,549,505,280.34 1,421,710,397.65 1,070,814,363.43 50,410,709.54 43,122,889.72 90,162,630.07 65,595,068.43 41 41,553,067.59 145,794,133.03 1,603,836,804.85 1,325,326,454.61 387,002,731.91 224,178,825.73 22,200,100.00 22,200,100.00 323,080.11 323,080.11 4,848,775.21 4,848,775.21 250,000.00 250,000.00 27,621,955.32 27,621,955.32 418,262,779.18 313,554,859.56 26,100,000.00 26,100,000.00 444,362,779.18 339,654,859.56-416,740,823.86-312,032,904.24 192,694,068.09 192,694,068.09 640,000,000.00 640,000,000.00 832,694,068.09 832,694,068.09 618,400,000.00 577,250,000.00 65,135,626.27 64,291,922.46 2,896,999.05 2,896,999.05 686,432,625.32 644,438,921.51 146,261,442.77 188,255,146.58-3,401.96-3,100.89 116,519,948.86 100,397,967.18 61

2004 1 2 115,600,191.51 115,600,191.51 25,983,655.44-5,489,481.66-5,320,928.87 180,277,183.28 149,436,502.71 1,324,256.04 1,324,256.04 19,415,696.70 18,868,258.49 ( : ) 93,564.81 309,059.54 ( : ) -2,226,472.71-2,882,595.36 41,708,817.80 40,973,952.92 373,209.25-33,375,676.55-137,532,321.24-102,111,860.81 34,222,213.55-43,627,633.25 113,252,219.14 84,985,299.36 387,022,731.91 224,178,825.73 3 200,856,062.78 183,068,635.08 84,336,113.92 82,670,667.90 116,519,948.86 100,397,967.18 62

2004 12 31 2,572,230.67 659,064.57 3,231,295.24 1,661,052.81 403,381.65 2,064,434.46 911,177.86 255,682.92 1,166,860.78 184,100.00 184,100.00 184,100.00 184,100.00 1,597,189.56 1,597,189.56 1,597,189.56 1,597,189.56 167,343,904.52 6,332,646.23 6,332,646.23 161,011,258.29, 46,936,979.19 907,813.63 907,813.63 46,029,165.56 120,406,925.33 5,424,832.60 5,424,832.60 114,982,092.73 508,237.43 508,237.43 172,021,562.18 843,164.57 6,332,646.23 6,332,646.23 166,532,080.52 63