GUANGDONG FENGHUA ADVANCED TECHNOLOGY HOLDING CO., LTD.

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GUANGDONG FENGHUA ADVANCED TECHNOLOGY HOLDING CO., LTD. FENGHUA 0758-2844724 0758-2849045 000636@china-fenghua.com 18 18 526020 http://www.fenghua-advanced.com 000636@china-fenghua.com http://www.cninfo.com.cn 000636 1994 3 23 24 2007 2 1 1

18 4400001001279 441201502100006 01 2072 8 1 51,581,699.05 2 42,334,345.11 3 22,901,964.61 4 270,985,279.92 5 6,997,411.46 6 23,078,500.44 7 28,571,005.98 8-9 -67,807.37 10 247,761,842.83 11-37,532,557.28 24,046,204.25-612,240.25-7,996,812.05 7,230,859.13 193,196.36 22,861,207.44 19,432,380.50 2006 2005 2004 ( ) 1,814,492,945.82 1,405,401,595.89 1,275,577,104.35 ( ) 42,334,345.11 12,234,158.35 24,605,945.27 ( / ) 0.063 0.023 0.046 (%) 2.08 0.59 1.17 0.369-0.060 0.518 ( / ) 2

2006 2005 2004 ( ) 3,275,303,323.35 3,357,585,455.12 3,497,660,465.20 ( ) 2,035,984,349.31 2,087,703,594.20 2,098,665,983.60 ( / ) 3.034 3.937 3.957 ( / ) 2.940 3.801 3.862 9 - % 13.31 12.89 0.4039 0.3931 1.13 1.10 0.0344 0.0335 2.08 2.01 0.0631 0.0614 1.12 1.09 0.0341 0.0332 ( ) 530,330,955 1,093,207,412 164,244,129.54 46,609,437.10 299,921,097.66 2,087,703,594.20 160,635,357 2,330,210 49,940,336.71 42,334,345.11 255,240,248.82 20,000,000 212,835,357 46,609,437.10 46,609,437.10 27,514,699.61 306,959,493.71 670,966,312 882,702,265 167,575,029.15 0 314,740,743.16 2,035,984,349.31-3

(%) (%) 329,609,291 62.15 58,032-20,001,800-19,943,768 309,666,523 46.15 1 2 201,080,451 37.92 201,080,451 29.97 3 128,528,340 24.23 58,032-20,000,000-19,941,968 108,586,872 16.18 128,456,300 24.22-20,000,000-20,000,000 108,456,300 16.16 72,540 0.01 58,032-1,800 56,232 128,772 0.019 200,721,661 37.85 160,577,328 1,800 160,579,128 361,300,789 53.85 1 200,721,661 37.85 160,577,328 1,800 160,579,128 361,300,789 53.85 2 3 4 530,330,952 100 160,635,360-20,000,000 140,635,360 670,966,312 100 1 2006 3 22 [2006]133 2006 4 6 690,966,312 2 1,800 3 2006 9 12 [2006]1139 2006 11 9 [2006]243 2,000 2006 11 29 690,966,312 670,966,312 2007-04-06 193,813,711 115,722,540 5% 555,243,772 2008-04-06 76,883,316 38,839,224 632,127,088 2009-04-06 38,839,224 0 670,966,312 4

1 2 2006 4 6 530,330,952 690,966,312 2006 11 29 2,000 690,966,312 670,966,312 3 80,858 10 % 21.24 142,484,170 142,484,170 142,484,170 6.31 42,335,000 42,335,000-3.34 22,380,300 22,380,300-3.01 20,211,000 20,211,000-2.49 16,725,000 16,725,000-2.11 14,134,700 14,134,700-1.21 8,100,000 8,100,000-1.01 6,775,000 6,775,000 6,775,000 0.84 5,625,000 5,625,000 0.60 4,050,000 4,050,000 4,050,000 10 100 2,531,374 1,335,300 1,277,083 1,168,195 1,151,500 1,125,000-1,000,000 986,000 918,700 905,204 1. 2 3 10 5

2007 4 6 34,548,315 1 142,484,170 2008 4 6 69,096,631 2009 4 6 142,484,170 2 42,335,000 3 2007 4 6 34,548,315 2008 4 6 42,335,000 22,380,300 2007 4 6 22,380,300 4 20,211,000 2007 4 6 20,211,000 5 16,725,000 2007 4 6 16,725,000 6 14,134,700 2007 4 6 14,134,700 7 8,100,000 2007 4 6 8,100,000 8 6,775,000 2007 4 6 6,775,000 9 5,625,000 2007 4 6 5,625,000 10 4,050,000 2007 4 6 4,050,000 1996 12 28 1.2, 1994 9 7 1.2 100% 100% 21.24% 6

1 67,540 121,572 2 3 4 5 6 7 8 9 10 11 12 13 14 4,000 7,200 15 16 17 18 19 1 2006 10 17 2 1 2 3 4 5 6 1949 9 1984 1994 1954 8 1997 4 7

2002 8 2003 12 2003 12 2004 6 1962 4 2001 9 2002 7 2002 8 2003 11 1958 8 1998 3 2000 9 1961 7 1982 1 1986 3 1986 4 1994 5 1994 6 2003 1 2003 1 2005 11 2005 11 1963 5 1993 10 2000 9 1950 10 1992 9 2002 9 2002 9 2000 9 1944 3 1996 11 Easthill Technology 2002 5 1942 8 2000 6 2003 10 1964 1 2001 2003 10 1963 10 2001 3 2003 10 1957 2 1996 2000 9 1955 5 1991 2006 2000 9 1958 5 1995 8

2002 5 1971 2 1990 2002 5 1969 1 2000 9 2002 5 2003 10 1958 7 1998 3 2000 9 2003 1963 4 1984 8 1995 6 1999 7 1955 10 1994 7 2000 9 2000 9 1 2 37.24 0 36.17 24.05 1.20 1.20 1.20 4.32 4.32 4.32 4.32 9.84 8.05 9.18 4.57 29.78 15.87 28.95 13.97 238.55 9

1 2006 3 3 2006 2 2006 3 3 2006 3 2006 6 30 2005 7,881 51 1,434 345 262 9 46 1,622 10

9 7 2 0 9 8 1 0 9 9 0 0 9 9 0 0 2004 11

2006 6 30 2005 2006 7 1 2006 3 29 2006 2006 3 31 2006 9 26 2006 2006 9 27 2006 10 20 2006 2006 10 21 2006 12 22 2006 2006 12 23 12

2006 PC MLCC 800 18 2006 1-12 181,449.29 29.11% 27,098.53 37.06% 5,158.17 197.21% 4,233.43 246.03% 327,530.33 203,598.43 1 2 1 152,495.50 84.04% 26,995.98 99.62% 28,953.79 15.96% 102.55 0.38% 181,449.29 100% 27,098.53 100% 2 13

68,238.39 37.61% 13,024.23 48.06% 19,781.74 10.90% 2,988.39 11.03% 13,012.75 7.17% 1,374.64 5.07% 16,661.32 9.18% 2,688.82 9.92% 10,292.84 5.67% 3,158.94 11.66% 10,494.41 5.78% 587.65 2.17% 7,416.44 4.09% 914.34 3.37% 35,551.41 19.59% 2,361.52 8.17% 181,449.29 100% 27,098.53 100% 3 116,982.47 64.47% 17,811.56 65.73% 64,466.82 35.53% 9,286.96 34.27% 181,449.29 100% 27,098.53 100% 3 10% 68,238.39 54,744.94 19.77% 19,781.74 16,652.88 15.82% 10,292.84 7,066.17 31.35% 4 2006 20.26% 22.63 % 1 2006 12 31 % 2005 12 31 % 48,984.67 14.96 79,268.32-38.20 50,116.72 15.30 46,879.54 6.91 27,543.03 8.42 12,764.02 115.79 147,635.99 45.08 151,949.51-2.84 2,244.75 0.69 3,174.49-29.29 56,635.08 17.29 71,733.55-21.05 1 2 14

3 20% 1.32 4 5 2 2005 % 4,452.40 4,346.72 2.43 16,724.35 8,557.88 95.43 4,313.67 5,283.26-18.35 430.15 223.80 92.20 24,776.18-3,208.15 872.29-3,753.26-30,901.78 87.85 1 2 3 4 5 % 45.00 500USD 8,153.73 626.15 92.00 2,500 14,067.66 1,579.34 99.25 6,700 10,322.45 524.27 97.78 1,800 4,193.40 103.07 97.33 1,500 4,790.68 200.64 90.00 2,000 6,976.11 260.66 20.00 6,000 25,096.85 2,052.33 15

3G Vista PC Vista 3G 2007 2006 1 2 3 1 MLCC 2 Vista 3G 3 4 5 16

1 33,785,098.93 2-70,997,873.85 106,388,022.81 35,390,148.96 3 23,150,552.41 5,308,522.34 17,508,421.97 333,608.10 4 2006 12 31 41,206,981.29 333,608.10 41,540,589.39 2007 1 1 1,074.02 12.04 2006 2 24 2006 2006 2 27 2006 3 3 2006 2006 3 7 2006 3 13 2006 2006 3 14 2006 4 17 2006 2006 4 18 2006 6 2 2006 17

2006 6 3 2006 6 30 2006 2006 7 4 2006 7 29 2006 2006 8 1 2006 8 18 2006 2006 8 22 2006 10 30 2006 2006 10 31, 2006 [2003]56 2006 2006 12 31 18

2006 2006 3 3, : 1 2005 2 2005 3 2005 4 5 2006 6 2006 3 7 2006 2006 6 2, 2006 2006 8 18, 1 2006 2 2006 8 22 2006 19

20

1 3,344.04 2.97% 151.44 0.13% 1,607.76 1.43% 78.19 0.07% 0.83-5,182.26 4.60% 2 1.23-359.63 0.22% 3,083.91 1.88% 935.98 0.57% 468.93 0.29 4,849.68 2.96% 3 24,706.51 3,082.32 21

1 2005 12 31 35,089.59 2006 12 31 0 2 2006 1 2006 6 2 2006 2 7,600.10 2,500 5,100 2 2006 6 30 2006 2000 3.61 / 20 7,220 2000 2006 11 3 2006 7 29 2006 20% 1000 20% 13,200 1000 9,911 3 2006 12 31 9,706.08 22

2006 12 31 112,739.39 76,362.55 59,360.30 56,635.08 5% 2006 5% 2006 60 2007 1 2007 1 2007 1 2007 2 2007 2 2006 4 6 23

2006 [2007] CA418 24

* * (2007) CA418 2006 12 31 2006 1 2 3 2006 12 25

31 2006 2007 4 23 26

2006 12 31 2005 12 31 1 162,687,792.74 200,220,350.02 2 72,624,007.47 42,996,454.16 3 54,207,453.90 46,842,907.96 - - 4 428,821,728.96 374,320,717.49 5 61,025,000.06 418,362,516.05 6 22,546,491.21 59,277,301.73 7 14,735,759.23 14,477,052.48 8 501,167,239.60 468,795,438.57 9 4,005,960.92 3,536,054.56 1,321,821,434.09 1,628,828,793.02 10 275,430,347.12 127,640,196.58 - - 275,430,347.12 127,640,196.58 11 2,595,367,033.21 2,445,033,533.60 11 1,119,007,086.11 925,538,470.01 11 1,476,359,947.10 1,519,495,063.59 11 20,295,993.06 20,703,519.73 11 1,456,063,954.04 1,498,791,543.86 12 22,447,460.97 31,744,881.90 1,478,511,415.01 1,530,536,425.76 13 197,751,533.83 67,084,649.57 14 1,788,593.30 3,495,390.19 199,540,127.13 70,580,039.76 3,275,303,323.35 3,357,585,455.12 27

2006 12 31 2005 12 31 15 566,350,786.49 717,335,515.85 16 30,000,000.00 11,000,000.00 17 393,925,557.79 356,777,182.82 18 19,744,627.05 30,422,634.93 12,254,087.30 71,616.15 20,876,799.71 14,907,027.64 24,968,805.14 7,508,915.59 19 3,222,149.75 19,283,866.51 20 958,820.05 972,713.45 21 47,445,701.40 17,579,494.97 22 10,462,298.92 7,896,326.96 - - 1,130,209,633.60 1,183,755,294.87 - - 23-5,000,000.00 24 67,902,359.15 41,415,934.94 - - 67,902,359.15 46,415,934.94 - - 1,198,111,992.75 1,230,171,229.81 41,206,981.29 39,710,631.11 25 670,966,312.00 530,330,955.00 26 882,702,265.00 1,093,207,412.00 27 167,575,029.15 164,244,129.54 27-46,609,437.10 28 314,740,743.16 299,921,097.66 2,035,984,349.31 2,087,703,594.20 3,275,303,323.35 3,357,585,455.12 28

2006 2005 29 1,814,492,945.82 1,405,401,595.89 29 1,533,398,626.77 1,198,392,462.19 30 10,109,039.13 9,290,499.07 270,985,279.92 197,718,634.63 31 6,997,411.46 183,525.00 44,523,953.39 43,467,206.42 32 167,243,522.77 85,578,763.37 33 43,136,714.78 52,832,571.31 23,078,500.44 16,023,618.53 34 28,571,005.98 1,483,375.73-641,135.61 35 306,476.05 389,721.81 36 374,283.42 1,182,587.41 51,581,699.05 17,355,264.27 4,301,453.78 2,237,955.96 4,945,900.16 2,883,149.96-42,334,345.11 12,234,158.35 2006 2005 1 - - 2 - - 3 - - 4 - - 5 - - 6 - - 29

2006 2005 42,334,345.11 12,234,158.35 299,921,097.66 289,522,063.06 342,255,442.77 301,756,221.41 3,330,899.61 1,223,415.83 611,707.92 338,924,543.16 299,921,097.66 - - 24,183,800.00-314,740,743.16 299,921,097.66 30

2006 1,989,701,707.35 21,681,979.13 37 35,850,991.58 2,047,234,678.06 1,421,901,306.98 182,502,250.89 69,389,235.32 37 125,680,042.04 1,799,472,835.23 247,761,842.83 2,611,144.42 1,524,916.02 - - 4,136,060.44 79,831,022.17 3,623,591.63-83,454,613.80 (79,318,553.36) - 591,026,039.63-591,026,039.63 754,529,517.13 42,472,369.25-797,001,886.38 (205,975,846.75) (37,532,557.28) 31

2006 1 42,334,345.11 4,945,900.16 33,692,453.30 167,488,846.85 3,299,729.65 5,779,284.09 ( ) (469,906.36) ( ) 2,565,971.96 ( ) (193,196.36) 35,748,458.80 (28,366,089.96) (42,522,485.15) - (110,465,541.07) 133,924,071.81-247,761,842.83 2 : 3 162,687,792.74 200,220,350.02 (37,532,557.28) 32

2006 12 31 2005 12 31 151,831,197.53 178,285,325.44 72,624,007.47 42,996,454.16 31,038,792.51 19,852,055.85 - - 1 379,669,913.55 477,817,795.02 2 394,353,779.63 399,510,284.45 4,469,023.27 45,998,270.82 - - 283,008,517.54 243,800,472.34 2,087,253.92 1,353,581.76 1,319,082,485.42 1,409,614,239.84 3 677,999,595.43 490,047,094.88 - - 677,999,595.43 490,047,094.88 1,992,732,849.73 1,803,965,963.92 835,314,736.70 666,037,200.77 1,157,418,113.03 1,137,928,763.15 19,104,559.64 19,512,086.31 1,138,313,553.39 1,118,416,676.84 11,631,987.20 19,200,119.69 1,149,945,540.59 1,137,616,796.53 182,107,203.62 50,862,422.52 1,183,172.97 2,696,318.09 183,290,376.59 53,558,740.61 3,330,317,998.03 3,090,836,871.86 33

2006 12 31 2005 12 31 565,350,786.49 666,335,515.85 30,000,000.00 11,000,000.00 394,484,448.30 193,786,165.09 11,383,777.30 26,486,665.23 7,813,316.12 49,185.91 14,872,147.70 10,163,470.23 24,968,805.14 7,508,915.59 851,865.23 16,813,336.93 921,233.17 876,122.04 172,780,792.34 12,936,867.15 7,669,826.87 3,589,958.78 - - 1,231,096,998.66 949,546,202.80 - - - 5,000,000.00 45,572,859.15 21,897,934.94 45,572,859.15 26,897,934.94 1,276,669,857.81 976,444,137.74 670,966,312.00 530,330,952.00 889,691,969.48 1,100,197,119.48 167,575,029.15 164,244,129.54-46,609,437.10 325,414,829.59 319,620,533.10-2,053,648,140.22 2,114,392,734.12 3,330,317,998.03 3,090,836,871.86 34

2006 2005 4 1,334,242,557.23 731,155,516.93 4 1,156,566,813.20 621,821,169.95 6,827,403.56 6,240,415.61 170,848,340.47 103,093,931.37 6,079,577.63 1,393,350.72 22,337,308.81 25,589,886.24 117,692,342.70 51,577,490.51 21,416,246.97 31,385,393.65 15,482,019.62 (4,065,488.31) 5 19,671,832.56 15,735,201.86-639,615.61 269,407.20 370,155.16 259,972.26 1,050,980.57 35,163,287.12 11,628,503.75 1,854,291.02 1,253,391.19 33,308,996.10 10,375,112.56 2006 2005 1 - - 2 - - 3 - - 4 - - 5 - - 6 - - 35

2006 2005 33,308,996.10 10,375,112.56 319,620,533.10 311,080,544.29 352,929,529.20 321,455,656.85 3,330,899.61 1,223,415.83-611,707.92 349,598,629.59 319,620,533.10 - - 24,183,800.00-325,414,829.59 319,620,533.10 36

: 2006 1,427,012,513.27 21,207,547.01 54,262,703.36 1,502,482,763.64 1,047,159,469.41 100,232,101.87 45,612,846.36 94,640,150.80 1,287,644,568.44 214,838,195.20 2,611,144.42 1,524,916.02 - - 4,136,060.44 87,257,052.57 3,623,591.63-90,880,644.20 (86,744,583.76) - 590,026,039.63-590,026,039.63 703,529,517.13 41,044,261.85-744,573,778.98 (154,547,739.35) - (26,454,127.91) 37

2006 1 : 33,308,996.10 15,259,680.88 128,456,491.38 2,713,832.81 5,062,323.05 ( ) (733,672.16) ( ) 4,079,868.09 ( ) (201,142.69) 34,320,351.40 (19,466,916.54) (34,880,664.94) - (316,564,186.59) 363,483,234.41-214,838,195.20 2 : - - - 3 151,831,197.53 178,285,325.44 (26,454,127.91) 38

1 2006 7,323,720.00-7,230,859.13-7,230,859.13 92,860.87 7,323,720.00-7,230,859.13-7,230,859.13 92,860.87 - - - - - - 58,884,598.91 15,948,491.77 - - - 74,833,090.68 35,899,898.92 11,001,304.96 - - - 46,901,203.88 22,984,699.99 4,947,186.81 - - - 27,931,886.80 33,790,333.02 17,639,931.21-7,489,247.09 7,489,247.09 43,941,017.14 21,790,871.13 7,477,875.88-7,152,454.37 7,152,454.37 22,116,292.64 7,118,254.73 442,333.12-336,792.72 336,792.72 7,223,795.13 4,106,205.93 9,719,722.21 - - - 13,825,928.14 775,001.23 - - - - 775,001.23 - - - - - - - - - - - - - - - - - - 20,703,519.73 15,010.64-422,537.31 422,537.31 20,295,993.06 - - - - - - 20,657,728.88 15,010.64-407,526.67 407,526.67 20,265,212.85 10,743.06 - - - - 10,743.06 35,047.79-15,010.64 15,010.64 20,037.15 160,752.76 89,019.68-44,729.20 44,729.20 205,043.24 - - - - - - - - - - - - - - - - - - - - - - - - 39

2 2006 2005 530,330,955.00 530,330,955.00 160,635,357.00-160,635,357.00 - - - - - - - 20,000,000.00-670,966,312.00 530,330,955.00 1,093,207,412.00 1,089,887,412.00 2,330,210.00 3,320,000.00 - - - - 2,330,210.00 3,320,000.00 - - 212,835,357.00-160,635,357.00-882,702,265.00 1,093,207,412.00 117,634,692.44 116,411,276.61 49,940,336.71 1,223,415.83 3,330,899.61 1,223,415.83 3,330,899.61 1,223,415.83 - - 46,609,437.10 - - - - - - - 167,575,029.15 117,634,692.44 143,159,210.91 93,218,874.20 24,415,818.24 24,415,818.24 46,609,437.10 45,997,729.18-611,707.92-611,707.92 46,609,437.10 - - 46,609,437.10 299,921,097.66 289,522,063.06 42,334,345.11 12,234,158.35 27,514,699.61 1,835,123.75 314,740,743.16 299,921,097.66 40

2006 ( / ) 13.31% 12.89% 0.4039 0.3931 1.13% 1.10% 0.0344 0.0335 2.08% 2.01% 0.0631 0.0614 1.12% 1.09% 0.0341 0.0332 1 : = = 2 (ROE) : P ROE=----------------------------------------- E 0 +NP 2+E i M i M 0 -E j M j M 0 P NP E 0 E i E j M 0 M i M j. 3 EPS P EPS=------------------------------------ S 0 +S 1 +S i M i M 0 -S j M j M 0 P S 0 S 1 S i S j M 0 M i M j 4 : 1). 24,046,204.25 2). 3). (612,240.25) (7,996,812.05) 4). 7,230,859.13 5). 193,196.36 22,861,207.44 19,432,380.50 41

1 2006 12 31 2,035,984,349.31 1 2-33,785,098.93-33,785,098.93 ---- 2 ---- 3 ---- 4 ---- 5 ---- 6 ---- 7 ---- ---- ---- 8 3 35,390,148.96 9 ---- 10 ---- 11 ---- 12 4 17,508,421.97 13 ---- 15 5 41,540,589.39 2007 1 1 2,096,638,410.70 42

2006 12 31 [1994]30 1994 3 23 19037945-2 1996 11 8 [1996] 308 A 1350 1996 11 29 2000 9 30 4400001001279 2005 12 31 530,330,952.00 2006 4 6 160,635,360.00 2006 10 20 2000 670,966,312.00 [1999]381 1 2 1 1 12 31 3 43

4 5 6 7 8 ( ) 1 5% 1-2 10% 2-3 15% 3 20% a. b. 9 44

45 10 1 a. b. 20% 20% 20% 20% c. -

- 2 a. b. 3 11 2000 a. b. 46

( 5%) 10-35 9.5-2.71% 5-10 19-9.5% 5-10 19-9.5% 6 15.83% 10 9.5% 5 19% 12 13 1) a. b. c. 2) a. b. 3) 3 4) 47

14 10 a. 50 b. 10 15 a. b. 16 1) 2) 3) 1) 2) 17 ( ) 48

18 19 50% 17% 5% 15% 7% 3% 1. USD 500 USD 22 5 45.00% RMB 2,500 RMB 2,300 92.00% RMB 2,500 RMB 2,400 100.00% RMB 6,700 RMB 6,650 99.25% RMB 1,500 RMB 1,460 97.33% RMB 1,800 RMB 1,760 97.78% RMB 2,000 RMB 1,800 90.00% RMB 500 RMB 100.00% 49

RMB18,900 RMB 19,845 100.00% 499 RMB550.00 RMB 480.0 100.00% 0 RMB2,913.90 RMB 2,879.50 100.00% RMB 752.60 RMB 702.6 100.00% 0 RMB 645.00 RMB 387.0 0 60.00% 2. RMB6,000 RMB1,512.29 20.00% RMB8,000 RMB 2,900.00 36.25% RMB 589.62 36.42% RMB4,497 RMB683.05 15.19% RMB40,130 RMB13,200.00 20.00% RMB3,000 RMB1,402.12 46.67% RMB3,000 RMB600.00 90.00% RMB9,778.37 RMB3,165.88 27.61% 1 2006.12.31 2005.12.31 RMB 23,345.81-23,345.81 1,198,743.90-1,198,743.90 HKD - - - 37.82 1.0650 39.96 23,345.81 1,198,783.86 RMB 130,686,842.47-130,686,842.47 185,893,228.81-185,893,228.81 HKD 12,840,971.46 1.0047 12,901,324.03 70.33 1.0650 73.18 USD 989,100.20 7.8087 7,713,175.87 0.23 8.0702 1.83 50

151,301,342.37 185,893,303.82 RMB 11,228,193.96-11,228,193.96 13,128,262.34-13,128,262.34 USD 17,276.96 7.8087 134,910.60 - - - 11,363,104.56 13,128,262.34 162,687,792.74 200,220,350.02 2 2006.12.31 2005.12.31 72,716,868.34 92,860.87 50,320,174.16 7,323,720.00 72,716,868.34 92,860.87 50,320,174.16 7,323,720.00 72,716,868.34 92,860.87 50,320,174.16 7,323,720.00 2006 12 31 108,014,156.43 3 2006.12.31 2005.12.31 16,192,609.48 8,073,216.46 37,085,441.93 25,833,808.25 929,402.49 12,935,883.25 54,207,453.90 46,842,907.96 4 2006.12.31 2005.12.31 1 375,320,387.18 79.89% 18,198,926.69 316,217,707.85 77.08% 15,816,195.09 1~2 10,977,483.66 2.31% 1,066,254.81 9,397,307.33 2.29% 1,003,153.64 2~3 8,391,128.87 1.76% 1,308,644.04 3,467,439.33 0.85% 1,022,757.38 3 81,033,933.13 17.03% 26,327,378.34 81,138,161.90 19.78% 18,057,792.81 475,722,932.84 100.00% 46,901,203.88 410,220,616.41 100.00% 35,899,898.92 1 5% 5% 2 6,359.82 13.37% 5 2006.12.31 2005.12.31 51

1 48,492,347.39 54.51% 3,909,829.28 411,633,261.72 93.27% 872,609.88 1~2 15,190,768.59 17.08% 2,447,057.65 5,863,839.10 1.33% 492,605.58 2~3 1,452,146.76 1.63% 161,741.33 20,495,517.09 4.64% 19,321,100.39 3 23,821,624.12 26.78% 21,413,258.54 3,354,598.13 0.76% 2,298,384.14 88,956,886.86 100.00% 27,931,886.80 441,347,216.04 100.00% 22,984,699.99 1 35,431 2 5% 5% 3 5,749.51 64.63% 6 2006.12.31 2005.12.31 1 17,233,091.46 76.43% 55,947,696.13 94.38% 1-2 3,515,268.42 15.59% 1,814,993.52 3.06% 2-3 1,122,594.51 4.98% 599,663.09 1.01% 3 675,536.82 3.00% 914,948.99 1.55% 22,546,491.21 100.00% 59,277,301.73 100.00% 1 5% 5% 2 3,673.08 3 445.80 19.77% 7 2006.12.31 2005.12.31 14,735,759.23 14,477,052.48 14,735,759.23 14,477,052.48 8 2006.12.31 2005.12.31 102,306,599.57 7,223,795.13 74,512,444.44 7,118,254.73 154,237,780.53 13,825,928.14 140,961,533.60 4,106,205.93 264,110,103.26 22,116,292.64 224,979,519.42 21,790,871.13 1,542,059.01 775,001.23 1,741,965.44 775,001.23 16,833.96-11,764.46-52

340,227.19-35,825.73-35,499.58-37,722.01-22,519,153.64-60,304,996.49-545,108,256.74 43,941,017.14 502,585,771.59 33,790,333.02 1 2 1,015.07 1,560.16 454.22 9 3,264,818.51 7,357,372.84 6,839,584.56 3,782,606.79-6,586,665.37 6,586,665.37-271,236.05 1,676,648.82 1,724,530.74 223,354.13 3,536,054.56 15,620,687.03 15,150,780.67 4,005,960.92 10 *A 86,479,830.81 118,494,250.20-204,974,081.01 *B 41,160,365.77 37,292,712.39 7,996,812.05 70,456,266.11 127,640,196.58 155,786,962.59 7,996,812.05 275,430,347.12 - - - - - - - - 127,640,196.58 155,786,962.59 7,996,812.05 275,430,347.12 *A 15,122,964.46 3,102,573.80 5,949,324.88 21,072,289.34 20.00% 29,000,000.00 (1,493,015.71) (4,268,401.90) 24,731,598.10 36.25% 5,896,200.00 244,491.60-524,707.56 5,371,492.44 36.42% 6,830,516.00-333,503.22 7,164,019.22 15.19% 15,198,600.00 - (15,198,600.00) - 70.00% 27,000,000.00 1,664,346.38 4,658,827.78 31,658,827.78 27.61% *1 14,021,155.00 - - 14,021,155.00 46.67% *2 94,707,287.61 247,411.52 247,411.52 94,954,699.13 20.00% *3 6,000,000.00 - - 6,000,000.00 53

213,776,723.07 3,765,807.59 (8,802,642.06) 204,974,081.01 *1 2006 12 46.67% *2 2006 10 20% 13,200 *3 2006 12 3000 90 % 2006 12 31 600 *B 73,752,669.88 10 7,375,266.84 39,967,570.95 33,785,098.93 37,292,712.39 10 621,545.21 621,545.21 36,671,167.18 111,045,382.27 7,996,812.05 40,589,116.16 70,456,266.11 11 720,215,632.56 93,025,039.27 868,318.00 812,372,353.83 1,390,464,008.93 36,017,089.88 8,173.86 1,426,472,924.95 148,806,686.10 4,397,685.08 352,152.79 152,852,218.39 22,188,056.19 1,197,575.30-23,385,631.49 127,884,221.03 1,833,790.22-129,718,011.25 35,474,928.79 15,290,055.88 199,091.37 50,565,893.30 2,445,033,533.60 151,761,235.63 1,427,736.02 2,595,367,033.21 112,638,568.00 42,675,145.02 690,784.00 154,622,929.02 642,180,914.99 96,230,608.42 21,228,940.05 717,182,583.36 95,982,245.49 46,886,088.57 192,405.40 142,675,928.66 6,618,688.38 3,495,485.65 193,682.20 9,920,491.83 43,378,102.49 12,785,508.42-56,163,610.91 24,739,950.66 13,910,339.03 208,747.36 38,441,542.33 54

925,538,470.01 215,983,175.11 22,514,559.01 1,119,007,086.11 1,519,495,063.59 1,476,359,947.10 20,703,519.73 20,295,993.06 1,498,791,543.86 1,456,063,954.04 1 1) 5,930.12 128.00 2) 110 11,129.15 931.67 3) 22,641.78 2 6,082.34 2 2,500 3,582.34 2 37,095,543.07 3 2006 12 31 503,134,379.13 408,020,916.80 534,735,476.90 272,587,432.20 20,657,728.88 15,010.64 407,526.67 20,265,212.85 10,743.06 - - 10,743.06 35,047.79-15,010.64 20,037.15 20,703,519.73 15,010.64 422,537.31 20,295,993.06 12 55

641,622.05 - - 641,622.05-4,680,106.48 1,079,372.32 1,849,490.34 3,103,998.66 805,989.80 5,321,728.53 1,079,372.32 1,849,490.34 3,745,620.71 805,989.80 26,583,906.13 30,508,661.01 35,246,052.73-21,846,514.41 31,905,634.66 31,588,033.33 37,095,543.07 3,745,620.71 22,652,504.21 160,752.76 89,019.68-44,729.20 205,043.24 31,744,881.90 22,447,460.97 13 225,428,459.46 63,954,381.08 133,674,600.00-1,842,467.20 29,641,945.58 195,786,513.88 11-50 6,886,078.56 1,249,842.60 - - 735,272.48 6,371,508.44 514,570.12 2-2.5 4,097,386.24 1,880,425.89 292,013.91-721,989.97 2,646,936.41 1,450,449.83 5-7 236,411,924.26 67,084,649.57 133,966,613.91-3,299,729.65 38,660,390.43 197,751,533.83 - - - - - 236,411,924.26 67,084,649.57 197,751,533.83 1 1) 2,708 60,268.25 170.37 2 3,265 2) 2006 6 2 2006 2006 B036 8,594 207.20 110 10,213 250.89 56

3) 2006 7 29 2006 1000 9,911 2 2006 12 31 89,524,077.00 83,017,123.62 3 14 15,521,980.10 2,952,792.61 3,563,563.93 5,207,116.32 14,212,739.88 1,309,240.22 0.5-4.5 2,323,338.80 542,597.58 508,923.27 572,167.77 1,843,985.72 479,353.08 0.5-2 17,845,318.90 3,495,390.19 4,072,487.20 5,779,284.09 16,056,725.60 1,788,593.30 15 2006.12.31 2005.12.31 2.925-6.045 77,133,417.17 77,133,417.17 181,800,000.00 181,800,000.00 3.722-5.723 528,617.47 4,127,101.60 560,741.29 4,521,066.02 3.108-5.726 15,739,669.99 15,800,267.72 22,597,916.42 23,614,449.83 97,060,786.49 209,935,515.85 4.650-5.100 94,000,000.00 94,000,000.00 78,000,000.00 78,000,000.00 4.650-5.610 375,290,000.00 375,290,000.00 429,400,000.00 429,400,000.00 566,350,786.49 717,335,515.85 1 ( )5 2 16 2006.12.31 2005.12.31 30,000,000.00 11,000,000.00 30,000,000.00 11,000,000.00 1,900 57

3000 100% 17 393,925,557.79 5% 5 18 19,744,627.05 5% 5 19 2006.12.31 2005.12.31 873,598.75 2,265,331.23 10,432.89 52,646.29 2,081,914.59 2,117,875.89-36,122.63 9,263,992.66 288,585.88 1,592,182.45-3,990,723.43 3,740.27 1,114.56 3,222,149.75 19,283,866.51 20 2006.12.31 2005.12.31 892,249.10 907,703.62 66,570.95 65,009.83 958,820.05 972,713.45 21 47,445,701.40 5% 5 22 2006.12.31 2005.12.31 1,253,044.36 1,488,436.02 529,135.00 358,841.24-709,114.80 6,172,999.62 3,427,998.83 222,023.43 641,552.93 2,136,757.28-148,339.23 1,270,383.14 10,462,298.92 7,896,326.96 58

23 2006.12.31 2005.12.31-5,000,000.00-5,000,000.00 24 2006.12.31 2005.12.31 67,902,359.15 41,415,934.94 67,902,359.15 41,415,934.94 2,648.60 [2006]6 1,300 [2006]69 2006 1,000 25 2005.12.31 2006.12.31 1225,911,452.00-1.00 225,911,451.00 201,080,451.00 - - - 201,080,451.00 24,831,001.00 - -1.00-24,831,000.00 2 103,625,303.00 - -3.00-20,000,000.00 83,625,300.00 3 - - - - - 4 - - 130,572.00-130,572.00 329,536,755.00 130,568.00 309,667,323.00 200,721,660.00 160,577,325.00 4.00-361,298,989.00 72,540.00 58,032.00-130,572.00-200,794,200.00 160,635,357.00-130,568.00-361,298,989.00 530,330,955.00 160,635,357.00 - -20,000,000.00 670,966,312.00 1 530,330,952 1 530,330,952.00 59

(2000) YA119 2 2006 4 5 1 160,635,360.00 2 3 72,540 130,572 4 3 2006 10 20 2006 11 9 [2006]243 2000 3.61 / 7,220 2000 (2006) 068 (2006) 154 26 2005.12.31 2006.12.31 1,058,291,489.35-212,835,357.00 845,456,132.35 9,871,349.65 2,330,210.00-12,201,559.65 13,041,948.70 - - 13,041,948.70 12,000,000.00 - - 12,000,000.00 2,624.30 - - 2,624.30 1,093,207,412.00 2,330,210.00 212,835,357.00 882,702,265.00 1 160,635,360.00 2000 3.61 / 52,200,000 25 2 233.021 130 600,000.00 500,000.00 60

27 2005.12.31 2006.12.31 93,218,874.20 3,330,899.61 46,609,437.10-143,159,210.91 24,415,818.24 - - - 24,415,818.24 117,634,692.44 3,330,899.61 46,609,437.10-167,575,029.15 46,609,437.10 - - 46,609,437.10-164,244,129.54 3,330,899.61 46,609,437.10 46,609,437.10 167,575,029.15 1 10% 2 2006 67 28 2006.12.31 42,334,345.11 299,921,097.66 3,330,899.61 - - 24,183,800.00 314,740,743.16 1 2006 12 22 2006 10% 0.35 24,183,800.00 2 2007 2006 2006 33,308,996.10 10% 3,330,899.61 325,414,829.59 61

29 2006 2005 2006 2005 2006 2005 3,505,600,802.79 2,868,987,407.57 3,233,531,390.97 2,668,790,323.21 272,069,411.82 200,197,084.36 120,307,419.43 38,320,586.36 118,962,858.52 33,723,913.02 1,344,560.91 4,596,673.34 1,811,415,276.40 1,501,906,398.04 1,819,095,622.72 1,504,121,774.04 (7,680,346.32) (2,215,376.00) 1,814,492,945.82 1,405,401,595.89 1,533,398,626.77 1,198,392,462.19 281,094,319.05 207,009,133.70 2006 2005 160,303,625.75 65,223,961.30 938,755,504.30 548,274,500.14 38,447,961.42 37,600,176.03 14,234,074.50 9,774,481.13 17,800,018.47 24,825,135.27 644,668,240.30 589,483,214.42 283,521.07 130,220,127.60 1,814,492,945.82 1,405,401,595.89 2006 41,070 22.63% 30 2006 2005 118,701.72 107,112.86 4,026,785.13 5,412,705.81 2,255,518.66 2,312,547.21 3,708,033.62 1,458,133.19 10,109,039.13 9,290,499.07 31 2006 2005 2006 2005 2006 2005 30,853,392.11 15,796,310.65 25,017,305.56 15,362,633.07 5,836,086.55 433,677.58 533,220.73 674,689.68 10,686.33 93,179.69 522,534.40 581,509.99 1,501,318.37 1,336,616.13 1,361,993.01 1,003,256.82 139,325.36 333,359.31 378,237.74 - - - 378,237.74-3,097,717.95 1,206,515.46 2,976,490.54 2,371,537.34 121,227.41 (1,165,021.88 36,363,886.90 19,014,131.92 29,366,475.44 18,830,606.92 6,997,411.46 183,525.00 62

32 8,166.48 95.43% 1,105.39 1,596.92 1,015.07 3,717.38 1,454.00 526 33 2006 2005 35,748,458.80 48,518,184.14 5,146,382.43 3,212,357.10 9,101,118.87 3,711,369.97 171,777.77 182,780.54 3,605,297.31 3,998,154.84 43,136,714.78 52,832,571.31 34 2006 2005 31,277,063.38 6,896,303.26 (2,706,057.40) (5,412,927.53) ---- 5,085,807.60 2,024,412.41 ---- (7,996,812.05) (7,375,266.85) ---- 31.03 (224,169.77) ---- - (8,666.67) ---- 204,916.02 170,763.35 28,571,005.98 1,483,375.73 2,405 723 35 2006 2005 207,129.17 369,180.96 21,236.82 6,553.00 78,110.06 13,987.85 63

306,476.05 389,721.81 36 2006 2005 13,932.81 217,030.35 17,322.14 394,454.52 (351,236.52) - - 359,721.63 510,000.00-184,264.99 211,380.91 374,283.42 1,182,587.41 37 (1) 2006 30,704,609.15 5,146,382.43 35,850,991.58 (2) 2006 31,094,834.87 74,355,468.79 3,605,297.31 16,624,441.07 125,680,042.04 1 2006.12.31 2005.12.31 64

1 327,549,495.83 78.18% 13,859,684.10 416,449,900.26 82.30% 10,980,563.97 1~2 5,747,745.28 1.37% 574,712.52 8,778,353.68 1.73% 938,594.94 2~3 7,635,616.66 1.82% 1,175,002.20 2,289,646.07 0.45% 343,807.89 3 78,045,074.44 18.63% 23,698,619.84 78,519,238.09 15.52% 15,956,376.28 418,977,932.21 100.00% 39,308,018.66 506,037,138.10 100.00% 28,219,343.08 5% ( 5%) ( ) 2 2006.12.31 2005.12.31 1 394,898,125.27 94.15% 3,860,674.05 397,204,208.73 94.25% 177,279.67 1~2 402,115.59 0.10% 39,020.98 1,352,202.66 0.32% 478,546.00 2~3 1,309,405.64 0.31% 140,330.17 20,434,388.33 4.85% 19,312,928.13 3 22,829,790.89 5.44% 21,045,632.56 2,425,869.78 0.58% 1,937,631.25 419,439,437.39 100.00% 25,085,657.76 421,416,669.50 100.00% 21,906,385.05 5% ( 5%) ( ) 3 1) 2005.12.31 2006.12.31 448,886,729.11-158,656,600.21-607,543,329.32-41,160,365.77-37,292,712.39 7,996,812.05 70,456,266.11 - - - - - - - 490,047,094.88-195,949,312.60 7,996,812.05 677,999,595.43-2) ( ) ( ) 23,268,195.49 (4,116,175.96) 2,817,678.30-1,466,527.46 20,618,546.99 23,000,000.00-14,738,268.80 6,440,000.00 72,744,688.39 95,744,688.39 24,000,000.00 541,613.00 30,057,296.77-29,602,703.55 (5,061,090.55) 65

59,300,000.00 7,200,000.00 3,734,422.17 - (27,773,074.95) 38,726,925.05 13,400,000.00 1,200,000.00 2,521,860.38-3,920,812.39 18,520,812.39 16,000,000.00 1,600,000.00 1,036,170.55-1,137,686.39 18,737,686.39 15,198,600.00 - - - (15,198,600.00) - 6,830,516.00 - - - 333,503.22 7,164,019.22 18,000,000.00-2,349,147.93-3,970,551.29 21,970,551.29 15,122,964.46-4,422,573.80 1,320,000.00 5,949,324.88 21,072,289.34 29,000,000.00 - (1,493,015.71) - (4,268,401.90) 24,731,598.10 4,560,000.00-244,491.60 - (524,707.56) 4,035,292.44 207,867,890.12 - (51,898,045.15) - (76,567,574.35) 131,300,315.77 4,500,000.00-390,511.24 - (1,586,525.57) 2913474.43 14,021,155.00 - - - - 14,021,155.00 94,707,287.61-247,411.53-247,411.53 94,954,699.14 6,000,000.00 - - - - 6,000,000.00 17,059,254.34 - - - - 17,059,254.34 57,504,675.09 - - - - 57,504,675.09 (12,110,296.64) - - - - (12,110,296.64) (2,020,094.64) - - - - (2,020,094.64) 31,658,827.78 - - - - 31,658,827.78 666,868,974.61 6,425,437.04 (50,945,821.33) 7,760,000.00 (65,751,082.33) 607,543,329.32 5,094.58 130 600,000.00 500,000.00 2,330,210.00 4 2006 2005 2006 2005 2006 2005 1,334,242,557.23 731,155,516.93 1,156,566,813.20 621,821,169.95 177,675,744.03 109,334,346.98 1,334,242,557.23 731,155,516.93 1,156,566,813.20 621,821,169.95 177,675,744.03 109,334,346.98 5 2006 2005 31,277,063.38 6,896,303.26 (11,605,230.82) 8,838,898.60 66

---- (3,813,334.79) 16,276,238.54 ---- (7,996,812.05) (7,375,266.85) ---- - (224,169.77) ---- - (8,666.67) ---- 204,916.02 170,763.35 19,671,832.56 15,735,201.86 ( ) 1. 2. 2005.12.31 2006.12.31 RMB120,000,000.00 - - RMB 120,000,000.00 USD5,000,000.00 - - USD5,000,000.00 RMB25,000,000.00 - - RMB5,000,000.00 RMB1,700,000.00 - - RMB1,700,000.00 RMB25,000,000.00 - - RMB25,000,000.00 67

RMB67,000,000.00 - - RMB67,000,000.00 RMB15,000,000.00 - - RMB15,000,000.00 RMB18,000,000.00 - - RMB18,000,000.00 RMB20,000,000.00 - - RMB20,000,000.00 RMB189,000,000.00 - - RMB189,000,000.00 RMB5,000,000.00 - - RMB5,000,000.00 RMB5,500,000.00 RMB5,500,000.00 RMB29,139,000.00 RMB29,139,000.00 RMB7,526,000.00 RMB7,526,000.00 RMB6,450,000.00 RMB6,450,000.00 3. 2005.12.31 2006.12.31 142,484,171.85 26.87% - - 142,484,171.85 21.24% 19,152,019.53 45.00% - - 19,152,019.53 45.00% 23,000,000.00 92.00% - - 23,000,000.00 92.00% 15,198,600.00 70.00% - - 15,198,600.00 70.00% 24,000,000.00 96.00% 1,000,000.00-25,000,000.00 100.00% 66,500,000.00 99.25% - - 66,500,000.00 99.25% 14,600,000.00 97.33% - - 14,600,000.00 97.33% 17,600,000.00 97.78% - - 17,600,000.00 97.78% 18,000,000.00 90.00% - - 18,000,000.00 90.00% 189,998,712.80 100.00% - - 189,998,712.80 100.00% 4,994,000.00 99.88% 6,000.00-5,000,000.00 100.00% - - 5,500,000.00-5,500,000.00 100.00% - - 29,139,000.00-29,139,000.00 100.00% - - 7,526,000.00-7,526,000.00 100.00% - - 6,450,000.00-6,450,000.00 100.00% 4. 68

( ) ( ) 1. 2006 2005 4,865,880.06 0.43% 2,335,658.66 0.30% 33,440,402.47 2.97% 22,176.88-16,077,563.98 1.43% 1,860,900.00 0.24% 8,309.27 0.00% 13,919,643.09 1.77% 781,917.12 0.07% 18,453,445.90 2.34% 1,514,433.64 0.13% 41,078.29 0.01% 709,890.21 0.06% - - 478,869.83 0.04% - - 21,559.16 0.00% 199,828.58 0.03% 57,898,825.74 5.14% 36,833,069.43 4.69% 2. 2006 2005 3,596,267.37 0.20% 41,736,695.05 2.97% 45,594,389.17 2.51% 57,691,926.34 4.10% 30,839,056.48 1.70% 19,636,023.49 1.40% 12,332.64 0.00% 686,767.22 0.05% 4,689,294.14 0.26% 3,107,453.24 0.22% 9,359,801.87 0.52% 8,612,673.06 0.61% 455,680.00 0.03% - - 69

629,323.78 0.03% 325,819.44 0.02% - - 70,248.40-95,176,145.45 5.25% 131,867,606.24 9.37% 3. 2006 2005-750,800.02 74,805,849.37 13,893,831.97 89,220.00 122,680.00 3,398,220.00-9,393,845.68 30,624,212.46 129,464.02-87,816,599.07 45,391,524.45 4. 2006 2005 3,775,700.00-2,508,900.00-99,110,000.00-5. 2006 12 31 9,706.08 6. 2006 2005 935,500.53 1,069,288.29 \ \ 149,729.37 3,740,515.54 9,902,904.66 10,443,571.74 \ - 3,611,995.55 70

75,661.70 439,066.31 11,063,796.26 19,304,437.43 2.73% 7. 2006 2005 \ 1,040,232.16-8. 2006 34,014,143.51 247,065,067.84 245,744,743.80 4,511,239.54 30,823,228.01 4% 0.3% 4,511,239.54 9. 2 2,500.00 10. 2,749,647.15 1,098,210.00 1,098,210.00 20 6 10 20 2 10 11 2006.12.31 2005.12.31 11,647,960.70 352,624,724.33 16,171,204.53 23,546,150.24 71

( ) 30,823,228.01 34,014,143.51 2006 12 31 2006 12 31 1,127,393,933.03 763,625,472.62 59,360.30 56,635.08 503,134,379.13 408,020,916.80 534,735,476.90 272,587,432.20 89,524,077.00 83,017,123.62 2006 12 31 1 2007 2006 2006 33,308,996.10 10% 3,330,899.61 325,414,829.59 2006 2 3 2006 2 15 [2006]3 1 38 2007 1 1 2007 1 1 72

1 33,785,098.93 2-70,997,873.85 106,388,022.81 35,390,148.96 3 23,150,552.41 5,308,522.34 17,508,421.97 333,608.10 4 41,206,981.29 333,608.10 41,540,589.39 2,096,638,410.70 1 2006 12 31 5% 14,248.417 2 2006 6 2 2006 8,594 5,930.12 335.2 110 10,213 11,129.15 1,182.56 2 22,641.78 2006 3 31 2 10,640.96 8,296.06 2 2,500 2 6,082.34 2,500 3,582.34 7,600.1 2500 73

5,100.00 3 2006 12 31 2006 2000 3.61 / 20 7,220.00 2000 2006 11 4 2006 7 29 20% 20% 13,200.00 1000 9,911.00 2006 2007 4 23 2007 4 23 2007 4 23 74