2 5 7 10 15 18 38 40 47 48 49 51 52 54 107 114 115 117 118 121 166 169 172 1 07040839-Yanzhou AR(c).indb 1 2007/4/23 12:40:10 AM
( ) 2006 3,605 3,466 633 23.730 1998 8.5 H 0.8 A 2001 1A 1.70 H 49.184 2004 2.04 H 2 07040839-Yanzhou AR(c).indb 2 2007/4/23 12:40:29 AM
199820012002 2006 2004 2005 100 2004 2004 2005 95.67% 2006982007 1 2% 2005 100 2005 Nifty fifty 50 2005 A 50 2005 3 07040839-Yanzhou AR(c).indb 3 2007/4/23 12:41:20 AM
4 07040839-Yanzhou AR(c).indb 4 2007/4/23 12:41:43 AM
20062005200420032002 12 31 2006 2005 2004 2003 2002 11,846,948 11,353,485 10,354,337 6,794,335 6,213,901 11,710,664 11,353,485 10,354,337 6,794,335 6,213,901 9,365,857 8,421,462 7,406,988 4,337,089 3,413,955 2,344,807 2,932,023 2,947,349 2,457,246 2,799,946 114,409 21,875 160,399 163,437 220,771 154,585 142,471 12,007,347 11,516,922 10,575,108 6,948,920 6,356,372 5,817,278 6,228,334 6,023,405 3,193,897 2,993,471 (26,349) (24,611) (35,942) (59,966) (117,929) 3,726,624 4,419,973 4,673,332 1,974,918 1,748,212 2,372,985 2,881,461 3,154,317 1,386,686 1,221,999 0.48 0.59 0.66 0.30 0.43 1 0.200 0.220 0.260 0.164 0.104 (1) 2006 12 31 2006 2005 2004 2003 2002 6,043,863 7,522,121 5,774,466 2,045,252 2,157,429 12,139,939 9,318,486 8,537,150 8,616,373 8,276,941 23,458,749 21,254,444 18,336,697 13,909,804 12,924,045 403,138 231,827 441,057 650,859 1,261,341 18,931,779 17,618,577 15,523,751 11,083,239 9,995,033 3.85 3.58 5.05 3.86 3.48 % 12.53 16.35 20.32 12.51 12.23 5 07040839-Yanzhou AR(c).indb 5 2007/4/23 12:41:46 AM
12 31 2006 2005 2004 2003 2002 3,767,156 3,939,274 4,418,381 2,701,236 2,239,712 (1,149,916) 667,529 3,192,966 479,599 419,367 0.77 0.80 1.44 0.94 0.78 2002 12 312003 12 31 28.700 2004 12 31 30.740 2005 12 312006 12 31 49.184 2006 2005 2004 6 07040839-Yanzhou AR(c).indb 6 2007/4/23 12:41:48 AM
2006 23.730 2006 2006 5.902 0.120 2006 3.935 0.080 9.837 0.200 2006 2006 2006 2006 3,605 2005 4.0% 3,466 2005 6.7%23.7302005 17.6% 2007 60 10 2006 2005 Nifty fifty 50 2005 A 50 7 07040839-Yanzhou AR(c).indb 7 2007/4/23 12:41:50 AM
2007 8 20062007 1 BJ 2007 2007 1,303 200652.0419.21% 2006 3,750 3,450 300 200 100 2007 8 07040839-Yanzhou AR(c).indb 8 2007/4/23 12:41:53 AM
2007 10 60 2008 2007 2007 4 20 9 07040839-Yanzhou AR(c).indb 9 2007/4/23 12:41:55 AM
2006 2005 2006 3,605 3,4661,949 120.073 118.469 1.604 23.730 5,000 4,000 4,328 3,915 3,466 3,605 5,000 4,000 3,941 3,800 3,248 3,466 3,000 3,000 2,000 2,000 1,447 1,363 1,000 1,000 725 633 0 2003 2004 2005 2006 0 2003 2004 2005 2006 12,000 9,000 6,000 6,949 10,575 11,517 12,007 4,000 3,200 2,400 1,600 1,387 3,154 2,881 2,373 3,000 800 0 2003 2004 2005 2006 0 2003 2004 2005 2006 2006 3,6052005 1394.0% 3,5492005 832.4% 2006 44 12 20063,4642005 2708.5% 3,4092005 2156.7% 43 12 10 07040839-Yanzhou AR(c).indb 10 2007/4/23 12:41:56 AM
12 31 2006 2005 2006 2005 1 505.38 514.20 2 479.40 491.51 493.02 513.67 442.53 460.09 3 377.72 370.54 387.10 361.30 362.55 381.51 427.88 432.26 427.88 434.66 397.53 414.58 413.69 429.92 420.26 382.13 404.37 289.89 321.88 147.17 150.45 341.12 349.50 332.19 333.74 594.55 155.22 2006 341.12 2005 8.38 2.4% 332.19 2005 1.55 0.5%382.13 200522.24 5.5% 2006 594.55 2006 155.22 11 07040839-Yanzhou AR(c).indb 11 2007/4/23 12:41:58 AM
12 31 2006 2005 12 31 2006 2005 % % 1 869.3 439,320 3.7 773.9 397,957 3.5 2 5,566.3 2,668,468 22.5 5,084.5 2,499,068 22.0 4,064.2 2,003,752 16.9 2,981.3 1,531,433 13.5 1,502.1 664,716 5.6 2,103.2 967,635 8.5 3 12,129.7 4,581,674 38.7 11,183.0 4,143,820 36.5 7,495.6 2,901,583 24.5 6,066.8 2,191,938 19.3 4,634.1 1,680,091 14.2 5,116.2 1,951,882 17.2 555.4 237,649 2.0 485.5 209,862 1.8 555.4 237,649 2.0 454.0 197,356 1.7 31.5 12,506 0.1 19,120.7 7,927,111 66.9 17,527.0 7,250,707 63.9 12,984.5 5,582,304 47.1 10,276.2 4,318,684 38.0 6,136.2 2,344,807 19.8 7,250.8 2,932,023 25.8 10,826.4 3,138,506 26.5 10,805.4 3,478,075 30.6 4,383.1 645,047 5.4 4,152.1 624,703 5.5 34,330.2 11,710,664 98.8 32,484.5 11,353,485 100.0 28,194.0 9,365,857 79.0 25,233.7 8,421,462 74.2 192.4 114,409 1.0 140.9 21,875 0.2 34,663.5 11,846,948 100.0 32,484.5 11,353,485 100.0 2006 3,4662005 2186.7% 3,433 2005 1855.7%2,8192005 296 11.7% 614 2005 111 15.3% 200554.0% 200655.7% 19 14 2006 20.8% 12 07040839-Yanzhou AR(c).indb 12 2007/4/23 12:42:00 AM
12 31 2006 2005 12 31 2006 2005 % % 6,544,702 55.2 5,697,426 50.2 677,333 5.7 674,671 5.9 449,143 3.8 536,315 4.7 506,584 4.3 528,841 4.7 386,876 3.2 560,782 4.9 8,564,638 72.2 7,998,035 70.4 801,219 6.8 423,427 3.7 2,344,807 19.8 2,932,023 25.8 11,710,664 98.8 11,353,485 100.0 114,409 1.0 21,875 0.2 11,846,948 100.0 11,353,485 100.0 12 31 2006 2005 12 31 2006 2005 % % 9,365,857 79.0 8,421,462 74.2 2,696,769 22.7 2,357,640 20.8 607,888 5.1 811,426 7.1 2,037,326 17.2 686,215 6.0 4,023,874 34.0 4,566,181 40.3 2,344,807 19.8 2,932,023 25.8 1,680,091 14.2 1,951,955 17.2 664,716 5.6 967,635 8.5 12,433 0.1 11,710,664 98.8 11,353,485 100.0 114,409 1.0 21,875 0.2 11,846,948 100.0 11,353,485 100.0 13 07040839-Yanzhou AR(c).indb 13 2007/4/23 12:42:02 AM
20061,949 2005 673.3% 1.604 2005 3,038 1.9% 2006 84.202200512.12816.8% 2005 17.0% 16.2% 2005 62.6% 2006 70.1% 12 31 2006 2005 12 31 2006 2005 2006 2005 % 11,846,948 11,353,485 98.7 98.6 160,399 163,437 1.3 1.4 12,007,347 11,516,922 100.0 100.0 1,320,596 1,147,572 11.0 10.0 1,646,018 1,258,333 13.7 10.9 336,284 282,492 2.8 2.5 962,963 891,640 8.0 7.7 327,151 350,953 2.7 3.0 742,985 636,590 6.2 5.5 25,049 19,604 0.2 0.2 106,572 98,787 0.9 0.9 722,451 602,617 6.0 5.2 6,190,069 5,288,588 51.6 45.9 2,230,142 1,918,788 18.6 16.7 8,420,211 7,207,376 70.1 62.6 14 07040839-Yanzhou AR(c).indb 14 2007/4/23 12:42:04 AM
2005 20-F 2006 12 31 2005 12 31 2006 120.073 2005 115.1694.904 4.3% 118.469 117.107 2005 113.535 3.572 3.1% 6.449 2.877 1.144 21,875 1.604 2005 1.634 3,038 1.9% 2006 61.901 2005 52.886 9.01517.0%58.4142005 51.8486.56612.7%170.15 2005 159.6110.54 6.6% 3.074.49 1.86 1.94 2.350 15,909 2006 22.301 2005 19.188 3.113 16.2% 3.780 5,106 42,043 2006 1.658 2005 1.35030,799 22.8%12,874 8,401 200626,3492005 24,6111,738 7.1% 2006 37.2662005 44.2006.934 15.7% 2006 23.7302005 28.8155.085 17.6% 15 07040839-Yanzhou AR(c).indb 15 2007/4/23 12:42:05 AM
2005 12 31 212.5442006 12 31 234.587 22.043 10.4% 2005 12 31 36.0712006 12 31 44.650 8.579 23.8% 2005 12 31 176.1862006 12 31 189.318 13.132 7.5% 2006 2005 12 31 22.248 2006 12 31 22.119 12,9270.6% : 2005 12 31 20.929 2006 12 31 20.04488,5244.2%2005 12 31 1.319 2006 12 31 2.07575,59757.3% 43,278 26,311 6,008 78,761 2006 8 18 70,180 2007 4 20 8,581 2005 12 31 4.705 2006 12 31 5.796 1.091 23.2% 2005 12 31 2.024 2006 12 31 2.315 29,088 14.4% 2005 12 31 4.977 2006 12 31 7.457 2.480 49.8% 2005 12 31 15.759 2006 12 31 18.997 3.23820.5%: 1.995 2.263 1.009 2005 12 31 1.781 2006 12 31 6.370 4.589257.7% 3.300 1.375 2006 33.634 2005 12.905 20.729 18.811 1.856 16 07040839-Yanzhou AR(c).indb 16 2007/4/23 12:42:07 AM
13,248 2006 12 31 2.1% 189.318 4.031 2007 41.472 10.353 31.119 60 19.481 6.638 10 2.789 2.2112004 H 2006 33% 12 31 2006 2006 12 31 17 07040839-Yanzhou AR(c).indb 17 2007/4/23 12:42:09 AM
2006 12 31 2006 20062005 20042003 2002 12 31 2006 12 31 1,749,341 5,843,972 175,821 7,417,492 1,082,048 6,335,444 983,680 2006 2006 200620069.837 0.20020065.902 0.120 2006 3.935 0.080 2006 H 18 07040839-Yanzhou AR(c).indb 18 2007/4/23 12:42:10 AM
2006 30% 2006 30% 5% 2006 12 31 34 33 2006 12 31 25 40 2006 1 2006 1 10 2006 1 1 2008 12 31 2006 2008 2006 3 24 2006 1 11 2006 2 1 19 07040839-Yanzhou AR(c).indb 19 2007/4/23 12:42:12 AM
2006 2006 2006 1 535,200 458,509 2 380,000 349,095 3 854,700 805,205 4 280,000 246,841 5 2,850,000 1,566,100 2 1997 10 1998 2 12,9801997 12,980 2006 9 20 07040839-Yanzhou AR(c).indb 20 2007/4/23 12:42:14 AM
3 2006 1 10 ( ) 2006 3 4 2006 605,000 640,620 35,620 2007 4 20 2006 1 a b c 21. 2006 3 24 2006 14A.38 20001.325 2001 2006 13,248 2006 11 1020067.3334 98%2007 1 9 14,9662% 81.31% 2006 11 99.85% 10 2006 8 21 2006 9 7 21 07040839-Yanzhou AR(c).indb 21 2007/4/23 12:42:15 AM
2005 1295.67% 12 2006 6 28 2008 1 2005 2006 37,200 86,200 2002 2006 1.656 41 2006 12 31 2006 2,100 1,100 13,886 1,825 5,500 5,060 33,943 9,174 60 800,000 776,000 1,450,238-29,024 20-255,134 64,000 64,000 1,415,452 600,000 574,000 922,702-17,475 600,000 600,000 979,265-8,755 2006 12 31 22 07040839-Yanzhou AR(c).indb 22 2007/4/23 12:42:17 AM
2006 3 31 2006 3 30 A 10 2.5 2006 4 3 1 2 2006 3 2006 3 24 2006 2006 1 11 2006 6 282005 2006 5 9 2005 2006 5 9 2006 11 10 2006 2006 8 21 2006 9 7 23 07040839-Yanzhou AR(c).indb 23 2007/4/23 12:42:18 AM
2006 9 20 2006 9 20 2006 9 21 2006 9 20 2006 11 102006 2006 4 21 2006 8 16 4.8 1.968 41% 1.92 40% 9,120 19% 12.46 800 1.5 7,593 7,407 24 07040839-Yanzhou AR(c).indb 24 2007/4/23 12:42:20 AM
2004 12 13 6.4 2005 9 6 3.6 2.89 3.510.115 2.4 3.6 2.4 25 07040839-Yanzhou AR(c).indb 25 2007/4/23 12:42:22 AM
2006 10 253000 26 07040839-Yanzhou AR(c).indb 26 2007/4/23 12:42:23 AM
1 2004 12 20 7% 2004 12 13 6.4 2005 1 19 2 2005 11 7 2,000 2007 11 7 6.31% 3 2006 2 13 2,000 2007 11 7 6.57938% 4 2006 6 6 6.89438% 2,000 2007 11 7 2005 6 28 5 2006 8 22 6.9625% 2,000 2007 11 7 6 2006 10 31 500 2007 11 7 6.83063% 7 2006 11 27 500 2007 11 7 6.7875% 8 2006 7 3 3,000 2007 6 26 5.85% 9 2006 8 10 1 2007 6 26 5.85% 10 2006 10 17 5.85% 3,500 2007 6 26 2006 6 26 11 2006 11 29 5.85% 2,300 2007 6 26 12 2006 12 26 5.85% 2,500 2007 6 26 13 2007 1 16 3,700 2007 6 26 5.85% 14 2007 3 7 3,000 2007 6 26 5.85% 15 2006 9 11 2006 10 20 6.30% 5 2009 10 20 16 2006 10 25 5 3,446,787.50 5,425,000 27 07040839-Yanzhou AR(c).indb 27 2007/4/23 12:42:25 AM
2007 1 22 2 6.48 5 8,000 34 2006 3 31 1 2,672,000,000 54.33% -2,672,000,000 2,672,000,000 54.33% -,2,672,000,000 2,600,000,000 2,600,000,000 52.86% 2,600,000,000 2,600,000,000 52.86% 2,246,400,000 45.67% 72,000,000 2,318,400,000 47.14% 1 A 288,000,000 5.85% 72,000,000 360,000,000 7.32% 2 H 1,958,400,000 39.82% 1,958,400,000 39.82% 4,918,400,000 100.00% 4,918,400,000 100.00% 2006 12 31 75,733 1A 75,579 H 153 28 07040839-Yanzhou AR(c).indb 28 2007/4/23 12:42:27 AM
2006 12 31 2006 12 31 % 2,600,000,000 52.86 H 1,953,593,196 39.72 GOLDMAN, SACHS & CO. A 29,852,945 0.61 CREDIT SUISSE (HONG KONG) LIMITED A 13,882,129 0.28 50 A 4,412,288 0.09 A 3,757,287 0.08 A 3,559,496 0.07 CITIGROUP GLOBAL MARKETS LIMITED A 2,859,219 0.06 A 2,810,025 0.06 UBS LIMITED A 2,337,897 0.05 50 A 1,400,189 0.03 2006 12 31 5% H 29 07040839-Yanzhou AR(c).indb 29 2007/4/23 12:42:28 AM
2006 12 31 336 2,600,000,000 (L) 87.84% 52.86% UBS AG H 200,745,742 (L) 10.59% 4.22% 6,570,000 (S) JPMorgan Chase H 161,082,875 (L) 8.23% 3.28% & Co. 3,950,100 (P) Tradewinds H 144,134,550 (L) 7.36% 2.93% NWQ Global Investors, LLC Credit Suisse Group H 103,040,677 (L) 7% 2.79% 4,988,400 (P) 34,023,840 (S) Gandhara Master H 132,288,000 (L) 6.75% 2.69% Fund Limited Templeton Asset H 99, 360,000 (L) 5.07% 2.02% Management Limited (L) (S) (P) 30 07040839-Yanzhou AR(c).indb 30 2007/4/23 12:42:30 AM
10% 2006 12 31 26 52.86% 3,353,388 2006 12 31H 1,953,593,196 39.72% 49.18423.18447.14% H 19.58439.82% A()3.60 7.32% 31 07040839-Yanzhou AR(c).indb 31 2007/4/23 12:42:31 AM
2006 12 31 XV i 352 ii ( ) 0 0 0 0 16,000 20,000 0 0 0 0 16,000 20,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16,000 20,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32 07040839-Yanzhou AR(c).indb 32 2007/4/23 12:42:32 AM
2006 12 3160,000 0.001% 2006 12 31 18 48 1982200020022003 2004 56 198520022002 20032002 2004 581968 1994 1996 1997 2002 2004 5220012003 2003 2005 541984 1998 2004 20052006 45 19811996 1997 2002 54 19772000 2002 2004 33 07040839-Yanzhou AR(c).indb 33 2007/4/23 12:42:34 AM
3919892002 2006 51 198120012003 4 2002 70 20012001 20032005 74 2002 2004 9 52 1988 1995 1996 2002 (Concepta Investments Ltd.) 51 2004 59 1981 19961997 34 07040839-Yanzhou AR(c).indb 34 2007/4/23 12:42:36 AM
52 2002 2003 2004 2005 50 19811997 20022006 561971 2001 2003 2005 2002 48 1978 1999 2002 55 19681998 2000 2004 531971 2000 2002 2003 2004 2004 4919931999 2002 2004 4419852000 2006 5019761991 2002 4419832000 2002 35 07040839-Yanzhou AR(c).indb 35 2007/4/23 12:42:37 AM
4619802000 2004 2005 5019752000 2002 14 2006 12 31 A 2006 12 31 1% 2006 12 31 36 07040839-Yanzhou AR(c).indb 36 2007/4/23 12:42:38 AM
(1) (2)(3) 2006 12 31 39,785 2,484 1,333 26,548 9,420 2007 4 20 37 07040839-Yanzhou AR(c).indb 37 2007/4/23 12:42:40 AM
4 1 2 3 4 2006 2 6 55 2006 4 21 5 5 2005 2005 2005 2005 2006 < > 2006 8 18 5 5 2006 2006 2006 10 25 55 2006 1 2006 2006 38 07040839-Yanzhou AR(c).indb 38 2007/4/23 12:42:41 AM
2 3 4 2006 11 10 2006 98% 7.3334 2007 1 9 14,966 2% 5 2007 4 20 39 07040839-Yanzhou AR(c).indb 39 2007/4/23 12:42:43 AM
2006 12 31 2006 6 2006 4 21 40 07040839-Yanzhou AR(c).indb 40 2007/4/23 12:42:44 AM
14 3 5 3 2006 12 31 2006 8 18 100 3.13 2005 6 28 41 07040839-Yanzhou AR(c).indb 41 2007/4/23 12:42:45 AM
2007 4 20 2006 20072007 14 2006 2006 1,200 2006 30 2006 5 2006 2007 42 07040839-Yanzhou AR(c).indb 42 2007/4/23 12:42:47 AM
2005 6 28 2006 5 4 20 2005 2006 8 17 2006 12 7 12 7 12 29 2006 20062006 43 07040839-Yanzhou AR(c).indb 43 2007/4/23 12:42:48 AM
2005 2007 4 20 44 07040839-Yanzhou AR(c).indb 44 2007/4/23 12:42:50 AM
52.86% 303A 1 303A.01 2 303A.04 3 303A.05 45 07040839-Yanzhou AR(c).indb 45 2007/4/23 12:42:52 AM
303A ( 303A.03 ) 303A.09 303A.10 46 07040839-Yanzhou AR(c).indb 46 2007/4/23 12:42:53 AM
: 48 106 47 07040839-Yanzhou AR(c).indb 47 2007/4/23 12:42:54 AM
12 31 2006 2005 2004 7 12,783,567 12,283,588 11,757,052 160,399 163,437 220,771 12,943,966 12,447,025 11,977,823 7 (936,619) (930,103) (1,402,715) 8 (6,190,069) (5,288,588) (4,551,703) 5,817,278 6,228,334 6,023,405 9 (2,230,142) (1,918,788) (1,479,863) 10 165,837 135,038 165,732 11 (26,349) (24,611) (35,942) 3,726,624 4,419,973 4,673,332 12 (1,354,656) (1,538,036) (1,518,762) 13 2,371,968 2,881,937 3,154,570 2,372,985 2,881,461 3,154,317 (1,017) 476 253 2,371,968 2,881,937 3,154,570 566,728 755,530 737,782 15 1,082,048 799,240 470,680 16 0.48 0.59 0.66 16 24.12 29.29 33.25 48 07040839-Yanzhou AR(c).indb 48 2007/4/23 12:42:55 AM
12 31 2006 2005 17 4,715,945 5,885,581 17 1,194,531 1,326,335 17 68,562 30,505 18 2,211,909 2,224,836 19 579,561 470,501 20 640,000 640,000 21 231,505 202,417 22 13,746 13,465 23 3,240 32 212,912 157,511 9,871,911 10,951,151 24 307,909 153,265 22 578,988 579,773 23 21,827 25 12,139,939 9,318,486 26 295,584 153,037 27 96,142 62,181 17 49,023 36,551 28 97,426 23,458,749 21,254,444 49 07040839-Yanzhou AR(c).indb 49 2007/4/23 12:42:57 AM
12 31 2006 2005 30 745,685 497,660 31 1,899,684 1,575,869 38 982,347 508,254 33 50,000 200,000 150,332 647,247 3,828,048 3,429,030 38 23,138 31,827 33 330,000 29 283,823 146,279 4,465,009 3,607,136 39 34 4,918,400 4,918,400 14,013,379 12,700,177 18,931,779 17,618,577 61,961 28,731 18,993,740 17,647,308 23,458,749 21,254,444 48 106 50 07040839-Yanzhou AR(c).indb 50 2007/4/23 12:42:59 AM
34 34 34 2004 1 1 2,870,000 3,272,527 1,114,911 498,781 249,453 3,077,567 11,083,239 3,740 11,086,979 3,154,317 3,154,317 253 3,154,570 331,548 270,812 135,422 (737,782) (470,680) (470,680) (319) (470,999) 204,000 1,591,977 1,795,977 1,795,977 (39,102) (39,102) (39,102) 2004 12 31 3,074,000 4,825,402 1,446,459 769,593 384,875 5,023,422 15,523,751 3,674 15,527,425 2005 1 1 3,074,000 4,825,402 1,446,459 769,593 384,875 5,023,422 15,523,751 3,674 15,527,425 27,621 27,621 27,621 3,074,000 4,825,402 1,446,459 769,593 384,875 5,051,043 15,551,372 3,674 15,555,046 (15,016) (15,016) (15,016) 2,881,461 2,881,461 476 2,881,937 (15,016) 2,881,461 2,866,445 476 2,866,921 381,208 249,548 124,774 (755,530) 1,844,400 (1,844,400) (799,240) (799,240) (237) (799,477) 24,818 24,818 2005 12 31 4,918,400 2,981,002 1,827,667 1,019,141 509,649 (15,016) 6,377,734 17,618,577 28,731 17,647,308 2006 1 1 4,918,400 2,981,002 1,827,667 1,019,141 509,649 (15,016) 6,377,734 17,618,577 28,731 17,647,308 33,961 33,961 33,961 (11,207) (11,207) (11,207) (489) (489) (489) (489) 22,754 22,265 22,265 2,372,985 2,372,985 (1,017) 2,371,968 (489) 22,754 2,372,985 2,512,697 (1,017) 2,394,233 390,907 175,821 (566,728) 509,649 (509,649) (1,082,048) (1,082,048) (271) (1,082,319) 34,518 34,518 2006 12 31 4,918,400 2,981,002 2,218,574 1,704,611 (15,505) 22,754 7,101,943 18,931,779 61,961 18,993,740 51 07040839-Yanzhou AR(c).indb 51 2007/4/23 12:43:00 AM
12 31 2006 2005 2004 3,726,624 4,419,973 4,673,332 26,349 24,611 35,942 (94,372) (91,715) (92,711) (6,311) (4,465) (4,465) 1,061,976 952,096 958,667 13,826 13,171 13,194 320 15,773 (27,620) 12,069 6,624 6,624 (19,717) 49,104 73,531 527 104,597 4,794,295 5,320,822 5,732,437 40,527 (1,001,048) (10,437) (66,199) 59,989 27,129 (55,401) (53,377) (10,805) (17,261) 324,273 213,871 (213,871) (1,944) (14,691) 235,899 19,379 50,673 64,281 157,421 (15,118) (178,361) 471,464 479,067 (368,939) 5,472,117 5,164,172 5,347,786 (1,782,465) (1,296,879) (992,424) (23,179) (24,199) (34,157) 94,372 91,715 92,711 6,311 4,465 4,465 3,767,156 3,939,274 4,418,381 52 07040839-Yanzhou AR(c).indb 52 2007/4/23 12:43:02 AM
12 31 2006 2005 2004 131,804 (1,326,335) (3,137,145) (1,315,431) (743,022) 210,000 (750,000) (50,529) (5,325) (44,210) 14,165 4,378 17,009 35 (444,204) 36 170,247 (574,000) 37 (18,544) (136,302) (97,426) (23,644) (40,000) (30,283) (3,625,523) (2,262,466) (2,300,808) (1,082,048) (799,240) (470,680) (200,000) (200,000) (200,000) (9,230) (9,802) (10,483) (271) (237) (319) 1,756,875 (1,291,549) (1,009,279) 1,075,393 (1,149,916) 667,529 3,192,966 5,885,581 5,216,738 2,023,772 (19,720) 1,314 4,715,945 5,885,581 5,216,738 53 07040839-Yanzhou AR(c).indb 53 2007/4/23 12:43:04 AM
1. 1998 2001 2002 2001 4 A H 1 50 H 2003 12 31 11,692,000 92 2004 97 54 07040839-Yanzhou AR(c).indb 54 2007/4/23 12:43:06 AM
1. ( ) ( ) 2004 28,000,000 ( 187,312.000 ) ()37 2004 () ( ) 2005 584,008,000 ()95.67% 36 2005 12 31 2006 733,346,000.00 () ( )98% ()81.31% ()99.85% 2006 2006 3 2006 12 31 2006 12 31 2007 1 14,966,000 2% 2. ( ) 55 07040839-Yanzhou AR(c).indb 55 2007/4/23 12:43:09 AM
3. 2005 12 1 2006 1 1 2005 2005 1 2005 1 1 ( 3 ) ( ) ( 3 ) 3 3 2004 3 31 2005 1 1 2004 3 312005 1 1362005 1 1 29.3 2004 12 31 2005 2005 12 31 15.8 2005 12 31 137.2 56 07040839-Yanzhou AR(c).indb 56 2007/4/23 12:43:10 AM
3. ( ) 3 223 3 2005 1 1 2004 12 31 2005 1 1 27.6 27.6 2005 12 31 27.6 2005 12 31 1 ( ) 1 7 1 8 2 7 29 3 8 2 4 9 5 10 6 11 2 7 12 8 1 2 3 4 5 6 7 8 2007 1 1 2009 1 1 2006 3 1 2006 5 1 2006 6 1 2006 11 1 2007 3 1 2008 1 1 57 07040839-Yanzhou AR(c).indb 57 2007/4/23 12:43:12 AM
4. () ( ) 3 58 07040839-Yanzhou AR(c).indb 58 2007/4/23 12:43:14 AM
4. ( ) () 59 07040839-Yanzhou AR(c).indb 59 2007/4/23 12:43:16 AM
4. ( ) ( ) ( ) ( ) ( ) () ( ) 2005 1 1 2001 1 1 60 07040839-Yanzhou AR(c).indb 60 2007/4/23 12:43:17 AM
4. ( ) () 61 07040839-Yanzhou AR(c).indb 61 2007/4/23 12:43:19 AM
4. ( ) ( ) () ( ) () () ( ) 62 07040839-Yanzhou AR(c).indb 62 2007/4/23 12:43:21 AM
4. ( ) () ( ) 63 07040839-Yanzhou AR(c).indb 63 2007/4/23 12:43:23 AM
4. - ( ) 64 07040839-Yanzhou AR(c).indb 64 2007/4/23 12:43:24 AM
5. ( 4) ( ) 2006 12 31 295,584,000 65 07040839-Yanzhou AR(c).indb 65 2007/4/23 12:43:26 AM
6. : 2006 12 31 12,783,567 160,399 12,943,966 206,770 (206,770) 12,781,567 367,169 (206,770) 12,943,966 66 07040839-Yanzhou AR(c).indb 66 2007/4/23 12:43:28 AM
6. ( ) 2006 12 31 4,093,855 8,664 4,102,519 (461,760) 112,214 (26,349) 3,726,624 (1,354,656) 2,371,968 2006 12 31 15,272,657 933,987 16,206,644 7,252,105 23,458,749 3,048,669 20,368 3,069,037 1,395,972 4,465,009 67 07040839-Yanzhou AR(c).indb 67 2007/4/23 12:43:29 AM
6. ( ) 2006 12 31 4,175,125 19,827 104,454 4,299,406 12,069 12,069 8,638 5,188 13,826 976,306 77,704 7,966 1,061,976 72,929 115 487 73,531 ( ) (19,717) (19,717) 2005 12 31 12,283,588 163,437 12,447,025 226,852 (226,852) 12,283,588 390,289 (226,852) 12,447,025 4,601,715 67,381 4,669,096 (320,692) 96,180 (24,611) 4,419,973 (1,538,036) 2,881,937 68 07040839-Yanzhou AR(c).indb 68 2007/4/23 12:43:31 AM
6. ( ) 2005 12 31 12,139,834 1,031,347 13,171,181 8,083,263 21,254,444 2,584,110 29,500 2,613,610 993,526 3,607,136 2005 12 31 1,828,130 23,710 5,531 1,857,371 7,983 5,188 13,171 867,210 77,412 7,474 952,096 6,624 6,624 (13) 540 527 69 07040839-Yanzhou AR(c).indb 69 2007/4/23 12:43:33 AM
6. ( ) 2004 12 31 11,757,052 220,771 11,977,823 380,535 (380,535) 11,757,052 601,306 (380,535) 11,977,823 4,642,234 284,147 4,926,381 (314,283) 97,176 (35,942) 4,673,332 (1,518,762) 3,154,570 2004 12 31 10,923,609 1,083,502 12,007,111 6,329,586 18,336,697 1,669,373 23,747 1,693,120 1,116,152 2,809,272 70 07040839-Yanzhou AR(c).indb 70 2007/4/23 12:43:35 AM
6. ( ) 2004 12 31 1,009,788 66,036 18,458 1,094,282 777 13,880 1,116 15,773 (27,620) (27,620) 879,260 74,634 4,772 958,667 8,006 5,188 13,194 6,624 6,624 ( ) 104,759 272 (434) 104,597 49,104 49,104 12 31, 2006 2005 2004 39,132 26,662 25,892 3,760 3,401 3,374 42,892 30,063 29,266 71 07040839-Yanzhou AR(c).indb 71 2007/4/23 12:43:37 AM
6. ( ) 2004 1290% : 12 31, 2006 2005 2004 3,582,427 1,599,372 869,957 716,979 257,999 224,325 4,299,406 1,857,371 1,094,282 7. 12 31 2006 2005 2004 9,746,146 8,689,496 7,841,328 : 358,414 268,034 434,340 9,387,732 8,421,462 7,406,988 3,037,421 3,594,092 3,915,724 : 578,205 662,069 968,375 2,459,216 2,932,023 2,947,349 11,846,948 11,353,485 10,354,337 72 07040839-Yanzhou AR(c).indb 72 2007/4/23 12:43:38 AM
8. 12 31 2006 2005 2004 1,320,596 1,147,572 1,088,683 1,646,018 1,258,333 1,022,614 336,284 282,492 298,274 962,963 891,640 918,360 742,985 636,590 323,240 327,151 350,953 455,782 24 25,049 19,604 19,604 106,572 98,787 119,737 722,451 602,617 305,409 6,190,069 5,288,588 4,551,703 9. 12 31 2006 2005 2004 1,001,783 794,537 563,962 57,364 46,458 35,912 44,037 32,553 28,762 112,839 73,627 53,501 15,733 57,100 35,626 43,639 49,104 107,502 117,228 110,959 18,440 17,012 18,753 45,979 45,009 24,934 20,741 19,256 9,801 73,531 527 104,597 690,826 736,955 420,166 2,230,142 1,918,788 1,479,863 1% 73 07040839-Yanzhou AR(c).indb 73 2007/4/23 12:43:40 AM
10. 12 31 2006 2005 2004 6,311 4,465 4,465 49,623 36,749 33,878 4,000 94,372 85,971 70,885 5,744 21,826 27,620 11,531 2,109 7,058 165,837 135,038 165,732 11. 12 31 2006 2005 2004 : 5 10,058 20,753 31,392 5 2,281 10,840 3,170 3,858 4,550 26,349 24,611 35,942 12. 12 31 2006 2005 2004 : 1,309,783 1,372,398 1,390,767 (24,233) 42,463 16,019 1,285,550 1,414,861 1,406,786 29 69,106 123,175 111,976 1,354,656 1,538,036 1,518,762 33% 74 07040839-Yanzhou AR(c).indb 74 2007/4/23 12:43:42 AM
12. 12 31 2006 2005 2004 33% 33% 33% 1,229,786 1,458,591 1,542,200 : (70,496) (68,618) (109,411) (9,115) 1,046 1,273 1,502 117,447 (6,507) 16,187 836 8,273 9,456 94,807 42,151 (24,233) 42,463 16,019 44,436 44,436 3,350 16,904 8,671 1,354,656 1,538,036 1,518,762 36% 35% 32% 75 07040839-Yanzhou AR(c).indb 75 2007/4/23 12:43:44 AM
13. 12 31 2006 2005 2004 12,069 6,624 6,624 15,773 13,826 13,171 13,194 1,061,976 952,096 958,667 1,087,871 971,891 994,258 10,406 9,229 5,000 2,783,298 2,164,616 1,682,240 641,633 523,324 408,462 6,089,185 5,144,888 4,460,844 12,346 98,681 : (19,717) 5,507 14. (a) : 2006 12 31 89 89 89 89 106 106 89 89 373 373 76 07040839-Yanzhou AR(c).indb 76 2007/4/23 12:43:46 AM
14. (a) : 2006 12 31, 182 82 264 238 107 344 187 84 271 170 77 247 205 92 297 982 442 1,424 218 98 316 218 98 316 208 94 302 202 91 293 229 103 332 232 104 336 218 98 316 421 421 1,510 490 2,000 77 07040839-Yanzhou AR(c).indb 77 2007/4/23 12:43:48 AM
14. (a) : 2005 12 31, 43 43 81 81 98 98 81 81 39 39 342 342 144 65 209 144 65 209 144 65 209 144 65 209 576 260 836 160 72 232 160 72 232 144 65 209 144 65 209 145 65 210 190 86 276 144 65 209 767 346 1,113 78 07040839-Yanzhou AR(c).indb 78 2007/4/23 12:43:50 AM
14. (a) : 2004 12 31, 77 77 77 77 93 93 77 77 324 324 98 44 142 124 56 180 118 53 171 340 153 493 126 57 183 126 57 183 121 54 175 119 54 173 97 44 141 103 46 149 123 55 178 563 253 816 79 07040839-Yanzhou AR(c).indb 79 2007/4/23 12:43:51 AM
14. (a) : 2006 2005 2004 12 31 (b) 2005 2004 14(a), 2005 2004 12 31 2006 2005 2004 7,053 3,690 224 365 101 656 7,709 4,055 325 15. 20061,000,0002,000,000 2,000,0003,000,00020052004 0 1,000,000 12 31 2006 2005 2004 2005 0.220 2005 : 2004 0.260 ; 2004 : 2003 0.114 1,082,048 799,240 327,180 2004 0.050 143,500 1,082,048 799,240 470,680 80 07040839-Yanzhou AR(c).indb 80 2007/4/23 12:43:53 AM
15. 2004 6 25 2003 12 31 2005 6 28 2004 12 31 10 6 2006 6 29 2005 12 31 2006 12 31 590,208,000 393,472,000 4,918,400,00010.12 0.08 16. 2006 2005 2004 12 31 2,372,985,000 2,881,461,000, 3,154,317,000 4,918,400,000 4,918,400,000 4,743,606,557 2005 2005 7 27 H H 2005 7 27 2004 12 312005 12 31 2006 12 31 81 07040839-Yanzhou AR(c).indb 81 2007/4/23 12:43:55 AM
17. 0.72% 1.44% 5.31% 20055.16% 0.72% 2.25% 20050.72% 2.70%2006 12 31 18. 12 31 2006 2005 2,004,425 2,092,949 238,931 258,587 2,243,356 2,351,536 : (31,447) (126,700) 2,211,909 2,224,836 2006 12 31 2006 2005 : 2006 2005 1 1 126,700 126,700 (78,603) (16,650) 12 31 31,447 126,700 180 82 07040839-Yanzhou AR(c).indb 82 2007/4/23 12:43:57 AM
18. 12 31 2006 2005 1-180 2,216,935 2,245,170 181-365 1,018 6,014 1 3 869 19 3 24,534 100,333 2,243,356 2,351,536 19. 12 31 2006 2005 265,122 256,755 314,439 213,746 579,561 470,501 20. 7.00% 2005 1 2005 9 2006 2007 1 83 07040839-Yanzhou AR(c).indb 83 2007/4/23 12:43:59 AM
21. 12 31 2006 2005 109,714 69,605 27,287 62,445 94,504 70,367 231,505 202,417 2006 12 31 32,650,0002005 : 35,717,000 2006 3,067,0002005 2004 : 23,031,000 22. 12 31 2006 2005 13,746 13,465 578,988 579,773 592,734 593,238 50 2002 12 312006 12 31 233,441,000 23. 2.7 1,000 84 07040839-Yanzhou AR(c).indb 84 2007/4/23 12:44:00 AM
24. 2005 1 1 165,113 (2,372) 23,644 2005 12 31 2006 1 1 186,385 2,261 164,452 2006 12 31 353,098 2005 1 1 26,496 6,624 2005 12 31 2006 1 1 33,120 12,069 2006 12 31 45,189 2006 12 31 307,909 2005 12 31 153,265 1997 9 25 12,980,000 2009 1 79.68% 85 07040839-Yanzhou AR(c).indb 85 2007/4/23 12:44:02 AM
25. 2005 1 1 57,195 2,134,845 250,231 727,674 3,904,460 7,290,213 285,633 86,505 14,736,756 (4,164) (392) (9,381) (21) (13,958) 35,103 201 472,292 507,596 1,689 71,578 25,258 1,191,961 1,290,486 34,447 2,115 823,315 (859,877) (597) (20,175) (8,115) (28,887) 2005 12 31 2006 1 1 53,031 2,169,992 250,231 729,789 3,904,460 8,190,653 302,956 890,881 16,491,993 2,224 280 7,803 22 6,958 17,287 95,347 129,366 186,107 25,723 192,433 628,976 15,725 15,378 257,147 2,139 3,073,042 3,363,431 196,575 118 5,012 1,238,710 10,102 (1,450,517) (47,600) (31,762) (878,537) (17,247) (975,146) 2006 12 31 55,255 2,430,319 250,349 734,801 4,017,442 9,001,883 323,695 2,712,797 19,526,541 2005 1 1 895,723 6,068 161,401 1,506,284 3,491,102 139,028 6,199,606 124,340 6,068 54,568 86,638 684,913 41,356 997,883 (511) (17,046) (6,425) (23,982) 2005 12 31 2006 1 1 1,019,552 12,136 215,969 1,592,922 4,158,969 173,959 7,173,507 18 293 6 317 132,648 6,070 53,710 90,921 781,231 35,648 1,100,228 (41,411) (476) (828,954) (16,609) (887,450) 2006 12 31 1,110,807 18,206 269,679 1,683,367 4,111,539 193,004 7,386,602 2006 12 31 55,255 1,319,512 232,143 465,122 2,334,075 4,890,344 130,691 2,712,797 12,139,939 2005 12 31 53,031 1,150,440 238,095 513,820 2,311,538 4,031,684 128,997 890,881 9,318,486 : 15 35 40 15 25 5 15 6 18 18 86 07040839-Yanzhou AR(c).indb 86 2007/4/23 12:44:04 AM
26 2006 2005 1 1 153,037 117,392 36 35,645 35 142,547 12 31 295,584 153,037 2006 2005 10,106 10,106 10,046 10,046 35,645 35,645 142,547 97,240 97,240 295,584 153,097 5 8% 5 2006 12 31 87 07040839-Yanzhou AR(c).indb 87 2007/4/23 12:44:06 AM
27. 12 31 2006 2005 40,281 54,101 60,421 1,760 1,760 96,142 62,181 2005 12 31 60,421,0002005 12 31 2006 8 17 2006 8 172005 8 17 2006 8 172005 8 17 2006 12 31 28. 2006 19.68 41% 2006 12 31 97 2006 12 31, 88 07040839-Yanzhou AR(c).indb 88 2007/4/23 12:44:08 AM
29. 2005 1 1 44,436 (67,540) (23,104) 12 (44,436) (78,739) (123,175) 2006 1 1 (146,279) (146,279) (2,962) (54,269) (57,231) (11,207) (11,207) 12 (69,272) 166 (69,106) 2006 12 31 (11,207) (218,513) (54,103) (283,823) 4502005 140 55 2011 30. 12 31 2006 2005 159,632 136,779 586,053 360,881 745,685 497,660 12 31 2006 2005 1-180 564,995 361,680 181-365 139,974 96,397 1-2 40,716 39,583 745,685 497,660 2006 12 31 89 07040839-Yanzhou AR(c).indb 89 2007/4/23 12:44:10 AM
31. 12 31 2006 2005 674,789 475,333 210,751 135,375 205,720 249,955 442,536 216,250 15,963 39,342 20,162 22,829 5,430 4,120 72,748 69,372 100,886 8,645 6,916 33,775 20,908 28,755 47,299 37 23,644 180,410 163,640 1,899,684 1,575,869 2006 12 31 32. 2006 2005 1 1 (157,511) (103,407) 731,796 635,863 (787,197) (689,967) 12 31 (212,192) (157,511) 90 07040839-Yanzhou AR(c).indb 90 2007/4/23 12:44:12 AM
33. : 12 31 2006 2005 1 50,000 200,000 1 2 72,000 2 5 126,000 5 132,000 380,000 200,000 (50,000) (200,000) 330,000 2005 12 31 200,000,0005.76%2006 2006 12 31380,000,000 160,000,000 5.85% 2007 12 3 220,000,000 6.21% 2008 5 20 12 91 07040839-Yanzhou AR(c).indb 91 2007/4/23 12:44:15 AM
34. : H A 1 H 1 2005 1 1 1,670,000,000 180,000,000 1,224,000,000 3,074,000,000 1,002,000,000 108,000,000 734,400,000 1,844,400,000 2006 1 1 2,672,000,000 288,000,000 1,958,400,000 4,918,400,000 (72,000,000) 72,000,000 2006 12 31 2,600,000,000 360,000,000 1,958,400,000 4,918,400,000 H A 1 H 1 2005 1 1 1,670,000 180,000 1,224,000 3,074,000 1,002,000 108,000 734,400 1,844,400 2006 1 1 2,672,000 288,000 1,958,400 4,918,400 (72,000) 72,000 2006 12 31 2,600,000 360,000 1,958,400 4,918,400 1. 2005 7 27 10 6 1,844,400,000 2006 3 6 A 2006 3 30 A 10 2.5 2006 3 21 72,000,000 1 A 92 07040839-Yanzhou AR(c).indb 92 2007/4/23 12:44:18 AM
34. 6 2004 7 1 5 2006 1 1 2006 1 1 10 50 25 (i) (ii) 2006 12 316,344,632,000 2005 12 31 5,844,289,000 93 07040839-Yanzhou AR(c).indb 93 2007/4/23 12:44:20 AM
35. 2006 8 18 98% 2006 11 733,346,000 98 : 289,142 289,142 10,950 10,950 4,609 4,609 25,387 25,387 15,216 15,216 628,976 628,976 164,452 164,452 (2,962) (54,269) (57,231) 11,378 11,378 (12,126) (12,126) (75,436) (75,436) (380,000) (380,000) ` 515,134 625,317 (34,518) 142,547 733,346 : 733,346 : (733,346) 289,142 (444,204) 94 07040839-Yanzhou AR(c).indb 94 2007/4/23 12:44:22 AM
35. 21,875,000 8,755,000 2006 1 12006 12 31 12,961,204,000 2,274,162,000 2006 1 1 36. : 180,255 1,150 507,596 (86,061) (29,759) (24,818) 548,363 35,645 584,008 : 574,000 10,008 584,008 (10,008) 180,255 170,247 95 07040839-Yanzhou AR(c).indb 95 2007/4/23 12:44:35 AM
36. 2005 12 31 2005 1 12005 12 31 12,447,025,000 2,864,866,000 2004 11 16 95.67% 2004 12 21 574,000 2005 6 28 122006 6 2006 12 31 37. 2004 12 187,320,000 100136,302,000 51,010,000 8,000,000 4 4,000,000 2005 12 31 23,644,000 4,000,000 : 32,634 191,405 (36,727) 187,312 : 187,312 2004 12 31 2004 1 12004 12 31 11,977,823,000 3,154,570,000 96 07040839-Yanzhou AR(c).indb 96 2007/4/23 12:44:36 AM
38. 2006 12 312001 1 1 132,479,000 2001 12 31 2006 2005 982,347 508,254 8,181 8,689 7,704 8,181 7,253 7,704 7,253 1,005,485 540,081 : (982,347) (508,254) 23,138 31,827 97 07040839-Yanzhou AR(c).indb 97 2007/4/23 12:44:38 AM
38. ( ) : 12 31 2006 2005 2004 1,069,879 856,580 523,015 496,221 369,855 350,873 29,000 29,000 358,370 355,953 354,424 12,980 12,980 12,980 458,329 341,935 303,549 246,841 197,624 222,949 406,004 242,952 207,062 20,000 15,130 15,130 63,448 53,346 63,478 306,658 160,342 2006 2005 2004 12 31 165,900,000 63,361,000 63,275,000 200620052004 12 31 20,000,000 15,130,000 15,130,000 35 2005 12 31 36 ( 40) 98 07040839-Yanzhou AR(c).indb 98 2007/4/23 12:44:40 AM
38. ( ). 12 31 2006 2005 2004 4,600,606 3,855,545 4,466,519 1,568,658 1,607,729 1,541,147 : 12 31 2006 2005 345,914 350,688 301,117 270,559 99 07040839-Yanzhou AR(c).indb 99 2007/4/23 12:44:41 AM
38. ( ) : 12 31 2006 2005 2004 373 342 324 2,710 1,503 1,029 1,030 678 463 4,113 2,523 1,816. 39. 12 31 2006 2005 1,221,884 920,907 600,000 1,900,000 1,821,884 2,820,907 2004 5 1 8 2006 12 31 30,208,0002005 91,462,000 2006 19.68 41% 28 99.8 100 07040839-Yanzhou AR(c).indb 100 2007/4/23 12:44:42 AM
40. 45%, 2001 12 31 2002 2002 1 1 2006 12 31 45 200620052004 12 31640,620,000 522,650,000 408,462,000 41. 20062005 2004 12 31 20062005 2004 12 31 86,200,000 37,200,00037,200,000 38 2002 42. 101 07040839-Yanzhou AR(c).indb 101 2007/4/23 12:44:44 AM
43. 1 4 20062005 2004 12 31 22.1%, 20.0% 15.3% 20062005 2004 12 31 10.2%, 13.4% 9.2% 2006 12 312005 12 31 2004 12 31 2006 2005 12 31 12 31 2006 2005 72% 66% 2006 12 31 20 102 07040839-Yanzhou AR(c).indb 102 2007/4/23 12:44:45 AM
44. : 12 31 2006 2005 4,405,364 4,940,802 1,194,531 1,326,335 15,504 30,505 259,178 304,219 2,176,622 2,224,636 417,816 428,484 640,000 640,000 314,735 178,751 198,617 13,199 13,171 212,912 157,511 9,828,612 10,264,280 92,735 99,359 553,570 565,376 8,285,043 8,271,361 107,346 107,346 a 2,511,038 1,565,695 96,142 62,181 1,132,505 162,200 97,426 22,704,417 21,097,798 613,835 497,719 1,390,959 1,325,664 893,368 463,942 200,000 150,594 647,247 3,048,756 3,134,572 23,138 31,827 226,171 146,279 3,298,065 3,312,678 b 19,406,352 17,785,120 22,704,417 21,097,798 103 07040839-Yanzhou AR(c).indb 103 2007/4/23 12:44:46 AM
44. (a) 2006 12 31 64,000,000 100% 100% 600,000,000 95.67% 95.67% 64,000,000 100% 100% 5,500,000 92% 92% 800,000,000 97% 97% 2,100,000 52.38% 52.38% 600,000,000 98% 98% 90,000,000 79.68% 78.09% 150,000,000 97.85% 95.89%, 104 07040839-Yanzhou AR(c).indb 104 2007/4/23 12:44:47 AM
44. (b) 2005 1 1 3,074,000 4,825,402 1,446,459 769,435 384,717 5,051,093 15,551,106 3,033,254 3,033,254 381,208 249,548 124,774 (755,530) (799,240) (799,240) 1,844,400 (1,844,400) 2005 12 31 4,918,400 2,981,002 1,827,667 1,018,983 509,491 6,529,577 17,785,120 2006 1 1 4,918,400 2,981,002 1,827,667 1,018,983 509,491 6,529,577 17,785,120 33,961 33,961 (11,207) (11,207) 22,754 22,754 2,680,526 2,680,526 22,754 2,680,526 2,703,280 390,340 175,821 (566,161) 509,491 (509,491) (1,082,048) (1,082,048) 2006 12 31 4,918,400 2,981,002 2,218,007 1,704,295 22,754 7,667,597 19,406,352 105 07040839-Yanzhou AR(c).indb 105 2007/4/23 12:44:49 AM
45. 2007 1 11 14,966,0002% 2007 1 23 2007 3 1663 2008 1 1 2006 12 31 6,900 106 07040839-Yanzhou AR(c).indb 106 2007/4/23 12:44:50 AM
I : (i) (ii) (iii) (iv) (v) (vi) 39 2005 1 1 (vii) 2005 1 1 (viii) (ix) 107 07040839-Yanzhou AR(c).indb 107 2007/4/23 12:44:52 AM
I. : 12 31 12 31 2006 2005 2004 2006 2005 2,372,985 2,881,461 3,154,317 18,931,779 17,618,577 (390,907) (381,208) (331,548) (447,372) (269,945) (209,555) (238,600) (204,668) (652,823) (443,268) (27,620) (138,101) (138,101) 3,171 3,858 4,550 116,391 113,220 (80,051) 121,801 46,860 121,801 (16,007) (15,006) (31,013) (15,006) 69,021 123,175 111,976 226,507 146,279 (33,961) 684 778 8,754 8,070 1,749,341 2,495,481 2,707,785 18,027,021 17,141,627 : 108 07040839-Yanzhou AR(c).indb 108 2007/4/23 12:44:53 AM
II. 2005 1 1 10 202005 1 12005 1 1 2005 1 1 2005 1 1 2005 20042003 12 31 12 31 2006 2005 2,994,711 3,263,892 (3,592) 2,991,119 3,263,892 109 07040839-Yanzhou AR(c).indb 109 2007/4/23 12:44:55 AM
II. 2005 1 1 10 2003 110 07040839-Yanzhou AR(c).indb 110 2007/4/23 12:44:57 AM
47. II.. 12 31 2006 2005 2004 2,372,985 2,881,461 3,154,317 : 187,859 187,885 187,418, (64,311) (64,188) (64,034) (27,620) 6,624 6,624 6,624 402 777 13,880 1,116 (17,071) (8,586) (97,806) (3,592) 2,405,753 2,991,119 3,263,892 0.49 0.61 0.69 24.46 30.41 34.40 111 07040839-Yanzhou AR(c).indb 111 2007/4/23 12:44:58 AM
II. 12 31 2006 2005 18,931,779 17,618,577 : (2,561,032) (2,561,032) 1,688,682 1,500,823 287,876 349,869 (10,106) (10,106) (92,735) (99,359) 30,602 32,788 (130,640) 43,112 (97,240) (97,240) (35,645) (35,645) 1,116 1,116 252,476 426,798 1,366 (60,895) (3,456) (17,423) 598,866 (733,346) (142,547) 17,913,222 16,565,311 2006 12 312005 12 3122,134,052,000 20,189,379,000 112 07040839-Yanzhou AR(c).indb 112 2007/4/23 12:45:00 AM
II. 2005 5 154 20 3 154 154 2005 12 152006 1 1 2006 2155 133 140 155 2006 9 15 2007 155 155 2006 6 48 109 48 48 2006 12 15 2007 48 48 2006 9 157 157 2007 11 15157 2006 9 108 1082006 11 15 2007 2 157 157 2007 11 15. 157 ` 113 07040839-Yanzhou AR(c).indb 113 2007/4/23 12:45:01 AM
(07) P0528 2006 12 31 2006 (1) (2)(3) 2006 12 31 2006 2007 4 20 114 07040839-Yanzhou AR(c).indb 114 2007/4/23 12:45:03 AM
5 6,028,060,759 7,278,972,385 5,615,399,136 6,297,641,649 6 640,000,000 640,000,000 954,735,346 640,000,000 7 2,061,620,338 2,100,443,880 2,061,620,338 2,100,243,880 298,582 8 10 214,170,457 134,802,711 181,851,451 134,802,711 9 10 192,373,095 143,528,596 563,655,156 398,177,622 11 115,894,464 73,704,963 105,414,667 78,776,194 12 579,560,747 470,501,129 417,815,789 428,483,999 13 27,286,945 62,444,803 27,036,951 62,346,044 14 212,912,430 157,511,340 212,912,430 157,511,340 10,071,879,235 11,061,909,807 10,140,739,846 10,297,983,439 15 293,654,532 81,117,603 2,171,027,928 1,597,035,257 15 231,473,839 18,936,910 16 1,132,504,700 162,200,000 293,654,532 81,117,603 3,303,532,628 1,759,235,257 17 17,192,725,855 15,978,522,004 15,853,380,321 15,669,699,268 17 8,397,535,375 7,902,722,461 8,330,849,937 7,883,750,808 17 8,795,190,480 8,075,799,543 7,522,530,384 7,785,948,460 18 525,897,325 194,334,918 21,829,853 8,926,618 19 2,197,521,485 711,236,841 111,624,099 124,679,186 11,518,609,290 8,981,371,302 7,655,984,336 7,919,554,264 20 791,219,540 815,161,408 728,963,957 761,255,776 21 121,344,906 148,620,077 22 97,425,900 97,425,900 1,009,990,346 963,781,485 826,389,857 761,255,776 22,894,133,403 21,088,180,197 21,926,646,667 20,738,028,736 115 07040839-Yanzhou AR(c).indb 115 2007/4/23 12:45:05 AM
23 168,945,054 136,779,128 137,843,036 136,779,128 24 662,673,015 381,517,651 537,682,591 381,517,651 25 732,812,102 527,865,895 722,618,722 527,793,426 26 210,216,780 127,539,246 174,764,641 126,888,680 27 356,052,352 897,202,321 353,593,958 895,394,930 28 1,760,353,295 1,194,089,906 1,431,145,704 885,365,147 29 30 93,455,596 304,709,446 35,593,610 304,709,446 3,984,508,194 3,569,703,593 3,393,242,262 3,258,448,408 29 330,000,000 30 487,116,135 322,936,910 487,116,135 322,936,910 817,116,135 322,936,910 487,116,135 322,936,910 4,801,624,329 3,892,640,503 3,880,358,397 3,581,385,318 65,488,512 53,912,439 31 4,918,400,000 4,918,400,000 4,918,400,000 4,918,400,000 32 5,078,960,786 4,865,480,791 5,078,960,786 4,865,480,791 33 1,704,611,989 1,528,790,703 1,704,295,405 1,528,474,119 33 509,649,665 509,491,373 34 6,335,443,710 5,843,971,924 6,344,632,079 5,844,288,508 34 983,680,000 1,082,048,000 983,680,000 1,082,048,000 (10,395,923) (15,016,163) 18,027,020,562 17,141,627,255 18,046,288,270 17,156,643,418 22,894,133,403 21,088,180,197 21,926,646,667 20,738,028,736 115 165 116 07040839-Yanzhou AR(c).indb 116 2007/4/23 12:45:07 AM
35 13,224,295,672 12,705,529,905 13,087,433,337 12,705,529,905 36 6,790,533,878 5,907,119,918 6,541,355,885 5,908,395,835 37 280,330,911 258,504,729 279,752,993 258,504,729 6,153,430,883 6,539,905,258 6,266,324,459 6,538,629,341 38 72,300,910 43,674,129 69,197,749 41,770,016 39 1,037,997,906 997,377,040 1,012,459,591 1,001,895,961 2,118,379,216 1,627,752,362 1,859,115,762 1,603,012,619 40 (36,136,609) 45,193,046 27,125,423 34,758,133 3,105,491,280 3,913,256,939 3,436,821,432 3,940,732,644 41 4,194,304 9,092,385 (324,978,456) (20,638,842) 42 4,000,000 4,000,000 43 11,109,124 2,397,034 10,013,451 2,185,909 44 89,562,125 13,927,078 82,809,974 12,618,939 3,035,232,583 3,910,819,280 3,043,046,453 3,909,660,772 45 1,285,550,000 1,414,861,832 1,284,833,596 1,414,179,321 341,511 475,997 1,749,341,072 2,495,481,451 1,758,212,857 2,495,481,451 34 5,843,971,924 4,522,052,692 5,844,288,508 4,522,369,276 7,593,312,996 7,017,534,143 7,602,501,365 7,017,850,727 34 175,821,286 249,548,146 175,821,286 249,548,146 34 124,774,073 124,774,073 7,417,491,710 6,643,211,924 7,426,680,079 6,643,528,508 1,082,048,000 799,240,000 1,082,048,000 799,240,000 6,335,443,710 5,843,971,924 6,344,632,079 5,844,288,508 34 983,680,000 1,082,048,000 983,680,000 1,082,048,000 117 07040839-Yanzhou AR(c).indb 117 2007/4/23 12:45:09 AM
15,745,513,926 13,476,932,655 15,617,782,151 13,475,817,162 47 936,268,220 588,838,380 751,454,328 186,985,815 16,681,782,146 14,065,771,035 16,369,236,479 13,662,802,977 4,952,717,269 3,903,830,672 4,583,470,961 3,921,446,617 1,812,730,717 1,785,519,649 1,775,208,475 1,765,543,379 3,318,349,229 2,537,018,590 3,315,398,012 2,536,222,962 48 2,221,163,657 1,846,492,022 2,727,728,896 2,205,656,139 12,304,960,872 10,072,860,933 12,401,806,344 10,428,869,097 4,376,821,274 3,992,910,102 3,967,430,135 3,233,933,880 210,000,000 210,000,000 6,311,225 10,208,536 15,183,013 10,819,392 14,173,454 4,378,342 13,394,064 4,214,255 170,247,828 303,647 20,484,679 395,138,353 28,577,077 225,033,647 3,770,532,448 1,353,764,616 1,067,365,264 959,394,956 541,629,776 2,296,351,100 172,207,700 10,007,700 49 444,203,876 733,346,200 118 07040839-Yanzhou AR(c).indb 118 2007/4/23 12:45:11 AM
211,996,000 22 97,425,900 97,425,900 81,034,538 15,503,032 4,393,196,762 1,353,764,616 3,379,219,396 1,131,602,656 (4,372,712,083) (958,626,263) (3,350,642,319) (906,569,009) 200,000,000 200,000,000 200,000,000 200,000,000 13,247,800 13,247,800 13,247,800 13,247,800 1,103,087,868 820,228,727 1,101,285,561 819,992,000 271,449 236,727 1,316,335,668 1,033,476,527 1,314,533,361 1,033,239,800 (1,316,335,668) (1,033,476,527) (1,314,533,361) (1,033,239,800) (19,719,687) (1,331,946,164) 2,000,807,312 (697,745,545) 1,294,125,071 119 07040839-Yanzhou AR(c).indb 119 2007/4/23 12:45:13 AM
1,749,341,072 2,495,481,451 1,758,212,857 2,495,481,451 341,511 475,997 (19,716,674) (9,860,444) 1,027,692,415 959,241,081 981,548,810 950,274,520 213,479,995 207,931,404 213,479,995 207,931,404 283,883,240 277,241,872 283,883,240 277,241,872 177,427,025 173,276,170 177,427,025 173,276,170 38,986,163 33,684,933 33,696,680 33,684,933 73,594,040 (121,801,480) 35,157,858 (5,800,132) 35,309,093 (6,482,898) 73,523,649 526,605 73,523,649 526,605 23,202,250 20,752,000 19,237,561 20,752,000 (4,194,304) (9,092,385) 324,978,455 20,638,842 (104,450,309) 14,927,243 10,668,210 45,893,995 (126,414,416) (776,801,811) (255,968,270) (1,064,184,260) 934,967,759 722,867,154 321,293,274 78,899,246 4,376,821,274 3,992,910,102 3,967,430,135 3,233,933,880 50 5,910,475,432 7,242,421,596 5,599,896,104 6,297,641,649 7,242,421,596 5,241,614,284 6,297,641,649 5,003,516,578 (1,331,946,164) 2,000,807,312 (697,745,545) 1,294,125,071 120 07040839-Yanzhou AR(c).indb 120 2007/4/23 12:45:14 AM
1. 1997 9 251997 10 1 AH 2005 8 42004 12 31 3,074,000,0001 10 61,844,400,000 491,840 267,200 54.33% H195,84039.82% A 28,800 5.85% [2006]32 2006 3 30 A 10 2.52006 3 21 2006 4 3 31 2. 1 1 12 31 121 07040839-Yanzhou AR(c).indb 121 2007/4/23 12:45:15 AM
2. 1 2 % 1 1 4 1 2 30 2 3 50 3 100 122 07040839-Yanzhou AR(c).indb 122 2007/4/23 12:45:17 AM
2. 1 123 07040839-Yanzhou AR(c).indb 123 2007/4/23 12:45:18 AM
2. 1 10 [2003]10 10 [2003]10 2 124 07040839-Yanzhou AR(c).indb 124 2007/4/23 12:45:20 AM
2. 3% 15 30 3.23-6.47% 3% 15 25 3.88-6.47% 3% 40 2.43% 3% 5 15 6.47-19.40% 3% 6 18 5.39-16.17% 18 6 9 2.5 50 125 07040839-Yanzhou AR(c).indb 125 2007/4/23 12:45:21 AM
2. 10 6 [2004]119 2004 5 1 815 [2004]28 2004 7 1 5 126 07040839-Yanzhou AR(c).indb 126 2007/4/23 12:45:22 AM
2. 127 07040839-Yanzhou AR(c).indb 127 2007/4/23 12:45:23 AM
2. 1 50% 2 2006 12 31 3. 13% 17% [2003]222 2004 1 113% 11% [2005]75 2005 5 1 11% 8% 2006 9 14 [2006]139 2006 9 14 14 2006 9 30 2006 12 15 128 07040839-Yanzhou AR(c).indb 128 2007/4/23 12:45:24 AM
3. 33% 30% 3% 5% 2005 5 1[2005]86 2.4 3.6 2004 7 1 [2004]187 3.2 [2001]673 7% 3% 2002 108 129 07040839-Yanzhou AR(c).indb 129 2007/4/23 12:45:26 AM
4. % % 210 52.38 550 92 80,000 97 60 20 3,000 100 3,000 100 60,000 95.67 60,000 98 9,000 81.31 15,000 99.85 2006 11 98% 2006 2006 12 31 49 2006 12 31 130 07040839-Yanzhou AR(c).indb 130 2007/4/23 12:45:27 AM
5. 966,211 401,959 4,624,342,664 4,515,589,010 102,675,776 7.8087 801,764,334 174,405,972 8.0702 1,407,491,075 6,676,043 10.2665 68,539,592 28,402,611 9.5797 272,088,493 11,401,669 6.1599 70,233,141 15,058,553 5.9119 89,024,659 455,405,431 1.0047 457,545,836 950,110,315 1.0403 988,399,761 184,695 15.3232 2,830,125 195,985 13.9122 2,726,583 1,838,856 3,250,845 6,028,060,759 7,278,972,385 131 07040839-Yanzhou AR(c).indb 131 2007/4/23 12:45:28 AM
6. 1 640,000,000 640,000,000 640,000,000 640,000,000 640,000,000 640,000,000 640,000,000 640,000,000 1 2 101,735,346 101,735,346 2 213,000,000 213,000,000 954,735,346 954,735,346 640,000,000 640,000,000 1 640,000,000 7% 1.7 66.7% 2005 1 19 2005 3 28 2.89 2005 9 6 3.510.115 2006 12 4 2.4 4900 2.4 132 07040839-Yanzhou AR(c).indb 132 2007/4/23 12:45:29 AM
6. 2 6.31% 6.96% 2007 125.85% 2007 6 7. 2,061,620,338 2,100,443,880 10,840 752,999 5% 5% 52d 133 07040839-Yanzhou AR(c).indb 133 2007/4/23 12:45:31 AM
8. % % 1 220,214,701 90 6,512,361 213,702,340 161,151,370 62 26,361,799 134,789,571 1 2 868,832 400,715 468,117 18,771 5,631 13,140 3 24,533,988 10 24,533,988 100,332,879 38 100,332,879 245,617,521 100 31,447,064 214,170,457 261,503,020 100 126,700,309 134,802,711 % % 1 187,865,506 88 6,482,172 181,383,334 161,151,370 62 26,361,799 134,789,571 1 2 868,832 400,715 468,117 18,771 5,631 13,140 3 24,533,988 12 24,533,988 100,332,879 38 100,332,879 213,268,326 100 31,416,875 181,851,451 261,503,020 100 126,700,309 134,802,711 % 176,361,500 72 % 176,361,500 83 5% 5% 52d 134 07040839-Yanzhou AR(c).indb 134 2007/4/23 12:45:32 AM
9. % % 1 135,977,544 60 6,387,178 129,590,366 143,236,071 80 14,317,977 128,918,094 1 2 55,197,068 25 2,719,717 52,477,351 11,086,622 6 1,612,650 9,473,972 2 3 9,444,907 4 1,447,336 7,997,571 6,818,719 4 2,055,759 4,762,960 3 24,403,535 11 22,095,728 2,307,807 18,103,460 10 17,729,890 373,570 225,023,054 100 32,649,959 192,373,095 179,244,872 100 35,716,276 143,528,596 % % 1 263,248,768 43 16,273,597 246,975,171 399,466,828 92 14,317,977 385,148,851 1 2 309,386,419 51 2,719,717 306,666,702 9,978,462 2 1,612,650 8,365,812 2 3 9,444,907 2 1,447,336 7,997,571 6,718,718 2 2,055,759 4,662,959 3 24,111,440 4 22,095,728 2,015,712 17,729,890 4 17,729,890 606,191,534 100 42,536,378 563,655,156 433,893,898 100 35,716,276 398,177,622 % 123,448,440 55 % 123,448,440 20 5% 5% 52d 135 07040839-Yanzhou AR(c).indb 135 2007/4/23 12:45:34 AM
10. 126,700,309 1,270,725 (17,921,082) (78,602,888) 31,447,064 35,716,276 1,202 (3,067,519) 32,649,959 162,416,585 1,271,927 (20,988,601) (78,602,888) 64,097,023 q 126,700,309 1,240,537 (17,921,083) (78,602,888) 31,416,875 35,716,276 9,887,620 (3,067,518) 42,536,378 162,416,585 11,128,157 (20,988,601) (78,602,888) 73,953,253 q 11. % % 1 101,141,006 87 46,029,271 62 1 2 14,753,458 13 24,864,123 34 2 3 2,811,569 4 115,894,464 100 73,704,963 100 % 41,111,507 35 5% 5% 52d 136 07040839-Yanzhou AR(c).indb 136 2007/4/23 12:45:35 AM
12. 265,122,102 265,122,102 256,755,014 256,755,014 314,438,645 314,438,645 213,746,115 213,746,115 579,560,747 579,560,747 470,501,129 470,501,129 13. 27,286,945 62,444,803 14. 157,511,340 (731,795,747) 787,196,837 212,912,430 137 07040839-Yanzhou AR(c).indb 137 2007/4/23 12:45:36 AM
15. (1) 62,180,693 62,180,693 (2) 231,473,839 18,936,910 293,654,532 81,117,603 293,654,532 81,117,603 (3) 1,877,373,396 1,515,917,654 (1) 62,180,693 62,180,693 (2) 231,473,839 18,936,910 2,171,027,928 1,597,035,257 2,171,027,928 1,597,035,257 1 0.3859% 1,760,419 0.83% 60,420,274 62,180,693 138 07040839-Yanzhou AR(c).indb 138 2007/4/23 12:45:38 AM
15. (1) ( ) 22,323,900 2.702005 7 11 2006 8 172006 7.31 12 1/3 24 2/3 (2) 11,161,512 10 8,929,210 (1,116,151) 7,813,059 10,007,700 10 10,007,700 (1,000,770) 9,006,930 214,653,850 10 214,653,850 214,653,850 235,823,062 18,936,910 214,653,850 (2,116,921) 231,473,839 (3) 2,709,903 2,709,903 1,440,086 956,456 (298,581) 2,097,961 4,149,989 4,807,864 530,372 530,372 1,074,656 8,439,432 9,514,088 1,605,028 10,044,460 776,000,000 776,000,000 776,000,000 776,000,000 191,285,954 211,996,000 403,281,954 (31,123,317) (372,158,637) (403,281,954) 160,162,637 574,000,000 574,000,000 574,000,000 574,000,000 518,692,350 518,692,350 (6,738,844) (6,738,844) 567,566 567,566 512,521,072 1,544,526,229 730,688,350 2,275,214,579 (28,608,575) (369,501,593) (298,581) (398,408,749) 567,566 567,566 1,515,917,654 1,877,373,396 139 07040839-Yanzhou AR(c).indb 139 2007/4/23 12:45:39 AM
16. 1,132,504,700 162,200,000 1,132,504,700 162,200,000 632,504,700 12 LIBOR+150BP 2012 6 20 632,504,700 500,000,000 6.30% 2009 10 20 5,425,000 5,425,000 500,000,000 140 07040839-Yanzhou AR(c).indb 140 2007/4/23 12:45:40 AM
17. 1 53,029,742 2,199,529,833 3,908,554,834 879,685,419 250,230,769 8,340,253,411 347,237,996 15,978,522,004 91,908,034 129,703,255 190,374,674 26,128,554 438,114,517 2 15,724,775 15,377,909 257,147,401 2,139,549 290,389,634 2,224,560 279,978 7,802,553 22,171 10,329,262 196,575,530 5,011,503 118,120 1,238,710,215 10,102,083 1,450,517,451 (47,599,938) (31,762,634) (878,537,922) (17,246,519) (975,147,013) 55,254,302 2,456,418,212 4,021,873,364 884,696,922 250,348,889 9,155,750,332 368,383,834 17,192,725,855 1,049,086,669 1,597,017,499 365,865,571 12,136,192 4,660,376,579 218,239,951 7,902,722,461 337,190 828,508 405,635 1,571,333 135,346,937 91,133,321 53,709,548 6,069,528 705,777,157 35,655,924 1,027,692,415 2 103,640,769 249,358,307 352,999,076 (41,411,146) (475,583) (828,954,226) (16,608,955) (887,449,910) 1,246,663,229 1,688,012,427 419,575,119 18,205,720 4,787,386,325 237,692,555 8,397,535,375 53,029,742 1,150,443,164 2,311,537,335 513,819,848 238,094,577 3,679,876,832 128,998,045 8,075,799,543 55,254,302 1,209,754,983 2,333,860,937 465,121,803 232,143,169 4,368,364,007 130,691,279 8,795,190,480 1,908,780 832,529 29,950,319 1,948,088 34,639,716 1 2 352,999,076 141 07040839-Yanzhou AR(c).indb 141 2007/4/23 12:45:42 AM
18. 525,897,325 194,334,918 19. % 143,887,072 9,534,000 1,703,004,426 (1,188,672,307) 667,753,191 963,650,000 69 453,552,789 59,563,016 1,021,551,115 (232,018,065) 1,302,648,855 1,648,230,000 79 113,796,980 16,510,377 126,639,161 (29,827,079) 227,119,439 326,670,000 70 711,236,841 85,607,393 2,851,194,702 (1,450,517,451) 2,197,521,485 2,938,550,000 20. 310,242,143 259,882,454 1,404,860 (6,216,590) (55,171,419) 255,070,724 40 11 88,928,996 80,036,096 (1,778,580) (10,671,480) 78,257,516 44 132,478,800 99,359,006 (6,623,940) (39,743,734) 92,735,066 14 259,378,500 238,628,220 (5,187,570) (25,937,850) 233,440,650 45 120,000,000 83,350,000 (13,890,000) (50,540,000) 69,460,000 5 56,277,886 53,905,632 (4,940,480) 2,261,303 (5,051,431) 51,226,455 19 11,378,132 11,378,132 (349,003) (349,003) 11,029,129 45 11 978,684,457 815,161,408 1,404,860 11,378,132 (38,986,163) 2,261,303 (187,464,917) 791,219,540 2006 12 31 142 07040839-Yanzhou AR(c).indb 142 2007/4/23 12:45:43 AM