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2003 ANNUAL REPORT 2003 / 113578180 18.97 +3958068 8092363 1.35 TOYO SECURITIES ASIA LTD. A/C +716371 4709678 0.79 CLIENT DEUTSCHE BANK LONDON +4044236 4044236 0.68 BTFE-VALUE PARTNERS INTELLIGENT FUNDS-CHINA B SHARE FUND +3913871 3913871 0.65 SCBHK A/C NOMURA TB/NOMURA -900000 2900000 0.48 ITM DIAM CHINA OPEN MOTHER FUND +2478256 2478256 0.41 MELLON GLOBAL FUNDS / 2358000 0.39 PLC-ASIAN EQUITY PORTFOLIO NAITO SECURITIES CO.LTD +2242210 2242210 0.37 8092363 TOYO SECURITIES ASIA LTD. A/C CLIENT 4709678 DEUTSCHE BANK LONDON 4044236 3913871 BTFE-VALUE PARTNERS INTELLIGENT FUNDS-CHINA B SHARE FUND SCBHK A/C NOMURA TB/NOMURA ITM 2900000 DIAM CHINA OPEN MOTHER FUND 2478256 2358000 MELLON GLOBAL FUNDS PLC-ASIAN EQUITY PORTFOLIO NAITO SECURITIES CO.LTD 2242210 2113160 SCBHK A/C BROWN BROTHERS HARRIMAN & CO SUB A/C THE GREATER CHINA FUND INC CHINA EVERBRIGHT SECURITIES HKLTD. 1963500 7
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2003 ANNUAL REPORT 2003 17 1 7092.97 7092.97 2 50% 5000
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2003 ANNUAL REPORT 2003 92 433 92 563 A B 1992 8 7 1992 7 22 1 1 12 31 199511 21
2003 ANNUAL REPORT 2003 < > 1 2 3 1 150 150 150 2 3 1 1 2 3 4 5 22
2003 ANNUAL REPORT 2003 1 2 10 2003 3 17 2003 3 17 3 4 1 2 3 30 23
2003 ANNUAL REPORT 2003 4 20-45 4% 4.8%2.13% 4-12 4% 24%-8% 5-10 4% 19.2%-9.6% 8-15 4% 12%-6.4% 5-10 4% 19.2%-9.6% 5 1 2 1 2 50 3 24
2003 ANNUAL REPORT 2003 25 1 2 1 2 3 1 2 3 1 2 3 200312
2003 ANNUAL REPORT 2003 2003 7 1 2003 2002 2003 2003 107,766,284.40 107,766,284.40 2003 107,766,284.40 107,766,284.40 --- --- 1 19962 2 17 3 5 1 3 2 33 1 2000 06101 2002 1 1 200 12 31 2 2000 959 200 1 1 2005 12 31 3 00 A 0048 2002 1 1 200 12 31 4 (95)19 2002 8 2005 7 31 5 26
2003 ANNUAL REPORT 2003 6 7 15% 8 98 2-3 2001 6 2004 5 1 2,000 2,000 100% 1 2 100 100 100% 1 3 12,000 12,000 100% 4 20,000 20,000 100% 5 7,000 7,000 100% 1 6 9,500 9,500 100% 7 1,000 1,000 100% 1 8 800 480 60% 1 9 50 50 100% 10 4,800 4,800 100% 1 11 12 30 30 100% 1 50 50 100% 1 13 250 250 100% 1 14 600 540 90% 15 100 100 100% 2 16 10,000 8,000 80% 17 2,000 2,000 100% 1 18 19 20 21 10,000, 9,111.0902 95% 1 300,270 90%,000 3 3 3 1,000 100 1 500.. 500 100% 1 22 3,000 3,000 100% 1 23 2,000 1,020 51.00% 24 25 26 3,000 2,400 80.00% 15,167.4336 15,167.433 100 1 6 3,000 2,550 85.00% 27 4,000 3,360 84 1 3 27
2003 ANNUAL REPORT 2003 28 29 30 31 32 33 34 35 36 422 51 3,000 10,925 49.5 215.22 1 200 200 100 1 12,000 6,120 51% 10,000 5,100 51% 2,379.71318 4185 86.07 1 1,000 607.3470 60 500 500 100 2 300 153 51% 4 37 1,168 608 52.05% 4 38 200 120 60% 4 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 4,000 3,310.9125 85 3 3 82.50% 1 1,000 572 57.2 4 3,000 2400 80.00% 4 2,400 1,800 75% 4 870 522 60 3 100 100 100 3 100 60 60 3 1,000 562.9255 51% 3 150 90.00 60% 3 500 4 4 4 4 4 4 450 90 3 200 190 95 3 50 50 100 3 100 100 100 3 500 450 90% 4 1,200 840 70 3 54 800 696 87% 4 4 4 4 4 4 28
2003 ANNUAL REPORT 2003 29 55 1,000 730 73% 3 4 1 51 49 90% 10% 80% 5 50% 5% 5% 75% 25% 60% 40% 80% 20% 60% 40% 90% 5% 98 2 55% 45% 51% 49% 95.16%, 4.84% 69% 15% 25% 26% 20% 80% 75.98%, 10.09%; 25% 57.5% 90% 10% 90% 10% 2
2003 ANNUAL REPORT 2003 3 4 19962 10 2003 1 2 5 2 439,479,493.65 4.48% 258,821,691.85 7.99 22,277,686.93 7.92 15,540,558.42 50 1 86.07% 60% 2002 10 51% 51% ( ) 2 100% 98.9% 100% 100% 12,000 100% 200328 12,000 51% 6120 51%, 5880 49% 2003 4 9 6,120 2003 4 14 (2003) 272 2003/4 304,198,139.34 186,777,519.85 117,420,619.49 30
2003 ANNUAL REPORT 2003 2003/4-12 166,715,450.47 27,453,716.01-7,247,101.90-7,247,101.90 49.5% 49.5% 1% 761,194.10 375,934.66 552,933,929.25 452,013,623.05 14,502,597.58 12,354,831.05 568,197,720.93 464,744,388.76 1,760,156.12 7,298,146.74 8.2767 8.2773 14,568,284.16 60,408,950.01 --- 298,835.86 --- 4.6787 --- 1,398,163.34 2003 12 31 57,307,707.73 60,673.20 88,225,433.64 5,698,122.61 561,288.60 13,468,140.00 404,628.00 13,703,352.00 17,003,675.00 24,513.00 100,000,000.00 230,000.00 99,770,000.00 16,000,000.00 --- 166,950,514.79 --- --- 41,609,646.94 --- 337,726,362.52 695,301.20 --- 80,311,444.55 585,801.60 1 USD USD B 55,000 21,000.00 129,554.33 USD 0.404 22,220.00 183,908.27 --- B 232,875 93,150.00 571,492.76 USD 0.447 104,095.13 861,564.12 --- B 30,000 13,500.00 76,791.79 USD 0.548 16,440.00 136,068.95 --- 1,555,556 --- 14,700,004.20 10.22 --- 15,897,782.32 --- 17,500,000 --- 40,250,000.00 3.93 --- 68,775,000.00 --- 273,974 --- 1,579,864.65 --- --- 2,371,109.98 60,673.20 --- 127,650.00 57,307,707.73 --- 142,755.13 88,225,433.64 60,673.20 122 31
2003 ANNUAL REPORT 2003 2 1.00 10,320,000.00 1.062 10,959,840.00 --- 1.00 550,270.00 0.705 446,265.00 104,005.00 1.00 162,050.00 0.78 156,000.00 6,050.00 1.00 181,735.00 0.734 146,800.00 34,935.00 1.00 887,312.50 0.799 799,000.00 88,312.50 1.00 1,350,112.50 0.788 1,182,000.00 168,112.50 1.00 16,660.00 0.791 13,447.00 3,213.00 --- 13,468,140.00 --- 13,703,352.00 404,628.00 3 1.00 100,000,000.00 99,770,000.00 230,000.00 4 4,718,508.46 6,440,000.00 76,792,006.33 79,000,000.00 166,950,514.79 1 10 10 79,800,000.00 2003 4 3,007,993.67 76,792,006.33 79,000,000.00 2003 12 --- 79,000,000.00 2 5,000,000.00 281,491.54 4,718,508.46 --- 6,440,000.00 --- 6,440,000.00 --- 79,800,000.00 3,007,993.67 76,792,006.33 --- 79,000,000.00 --- 79,000,000.00 --- 170,240,000.00 3,289,485.21 166,950,514.79 --- 5 6 7 257,305,418.37 322.74 719,909.17 2002 32
2003 ANNUAL REPORT 2003 1 1 106,179,474.79 93.14% 1,061,794.75 85,586,571.12 86.01% 935,030.26 12 1,366,420.60 1.20% 13,664.21 7,203,959.01 7.24% 73,213.89 23 1,216,095.35 1.07% 45,667.22 467,863.01 0.47% 4,442.03 35,231,453.97 4.59% 2,809,842.42 6,247,050.88 6.28% 3,199,564.51 113,993,444.71 100.00% 3,930,968.60 99,505,444.02 100.00% 4,212,250.69 2 24,546,897.73 21.53 3 40 453,277.56 100% 453,277.56 654,094.50 100% 654,094.50 64,189.95 100% 64,189.95 2,447,193.30 50% 1,243,579.90 416,242.22 50%-100% 416,242.22 4,034,997.53 2,831,384.13 4 5 5% 5 5 1 1 287,819,295.77 82.64% 2,878,192.97 116,654,087.40 48.90% 4,473,473.93 12 24,152,190.48 6.93% 241,521.90 21,449,252.75 8.99% 70,322.42 23 5,298,162.98 1.53% 52,981.63 74,638,737.59 31.29% 749,311.43 3 31,005,079.02 8.90% 12,932,417.38 25,809,531.60 10.82% 10,879,262.37 348,274,728.25 100.00% 16,105,113.88 238,551,609.34 100.00% 16,172,370.15 2 110,794,001.36 31.81 3 40 700,357.62 50.00% 350,178.81 17,055,158.97 56.89% 9,702,023.41 4,180,000.00 51.61% 2,157,298.00 710,750.00 90%-100% 640,675.00 22,646,266.59 56.74% 12,850,175.22 4 5 5% 5 33
2003 ANNUAL REPORT 2003 48,398,287.39 21,414,000.00 17,055,158.97 12,000,000.00 11,926,555.00 110,794,001.36 6 5 5 7 109,790,375.18 49.37 1 163,016,865.62 76.86% 36,929,987.49 70.06% 1 2 12 3,439,088.28 4.19% 1 21,614.64 0.04% 23 --- --- --- 43,200.00 0.08% 315,540,000.00 18.95% 2 15,720,000.00 29.82% 81,995,953.90 100.00% 52,714,802.13 100.00% 2004 1 12 1,000 2 5 5 1 26,116,153.44 --- 8,649,163.99 --- 113,099.49 --- 152,697.12 --- 390,097.57 --- 361,943.78 --- 22,560,447.20 178,869.88 24,783,665.52 178,869.88 --- --- 9,155,133.93 --- 8,943,614.85 --- --- --- 3,978,066.49 --- 6,075,359.46 --- 62,101,479.04 178,869.88 49,177,963.80 178,869.88 2 178,869.88 178,869.88 3,403,400.90 18,991,229.59 19,114,826.72 3,279,803.77 1,676,978.24 4,582,301.66 4,001,051.24 2,258,228.66 1,385,768.46 4,923,427.79 5,556,095.92 753,100.33 141,585.92 7,718,341.94 7,188,210.87 671,716.99 34
2003 ANNUAL REPORT 2003 593,785.75 7,404,807.29 7,491,334.92 507,258.12 7,201,519.27 43,620,108.27 43,351,519.67 7,470,107.87 1,040,266,062.79 8,070,800.00 1,067,422,271.58 300,348.37 4,000,000.00 --- 29,000,000.00 --- 1,044,266,062.79 8,070,800.00 1,096,422,271.58 300,348.37 1 1 1 1,110,780 5% 2,276,300.00 --- 2 484,000 5% 980,000.00 --- 3 PT 264,000 5% 944,000.00 270,800.00 4 ST 546,480 5% 517,400.00 --- 5 120,000 5% 440,000.00 --- 6 336,000 5% 1,060,000.00 --- 7 902,016 5% 1,245,824.00 --- 8 1,462,323 5% 1,471,480.00 --- 9 1,233,232 5% 4,358,300.00 --- 10 ST171,600 5% 404,000.00 --- 11 217,800 5% 868,800.00 --- 12 242,000 5% 1,100,000.00 --- 13 714,258 5% 776,310.00 --- 14 189,750 5% 450,000.00 --- 15 308,880 5% 561,200.00 --- 16 146,362 5% 372,400.00 --- 17 31,248,000 4.30% 22,176,000.00 --- 18 3,360,000 5% 2,700,000.00 --- 19 9,750,000 5.77% 11,000,000.00 --- 20 3,000,000 5% 2,000,000.00 --- 21 ST --- 230,400 5% 740,000.00 --- 22 --- 611,275 5% 5,501,637.26 --- 23 36,000,000 18.00% 59,584,917.78 --- 24 --- 25,059,142 5% 30,967,457.17 --- 25 --- 3,300,000 5% 4,050,000.00 --- 26 --- 12,036,000 5% 10,200,000.00 --- 27 --- --- 5% 2,425,100.00 --- 28 --- --- 5% 119,124,915.00 --- 29 --- --- 5% 875,085.00 --- 289,171,126.21 270,800.00 2 35
2003 ANNUAL REPORT 2003 A 1 10.00% 600,000.00 --- 600,000.00 2 30.00% 329,660.00 --- 329,660.00 3 0.50% 1,057,459.45 --- 1,057,459.45 4 44.12% 22,500,000.00 --- 22,500,000.00 5 0.00% 2,627,636.56-2,627,636.56 --- 6 13.33% 4,000,000.00 --- 4,000,000.00 7 41.67% 2,000,000.00 --- 2,000,000.00 8 10.00% 800,000.00 --- 800,000.00 9 10.00% 5,000,000.00 --- 5,000,000.00 10 10.00% 505,200.00 --- 505,200.00 11 23.52% 8,260,000.00 --- 8,260,000.00 12 7.27% 16,000,000.00 --- 16,000,000.00 13 7.64% 47,200,000.00 --- 47,200,000.00 14 4.44% 1,319,488.00 --- 1,319,488.00 15 140.00% 20,000,000.00 --- 20,000,000.00 16 3.00% 1,290,500.00 --- 1,290,500.00 17 33.34% 1,000,000.00 --- 1,000,000.00 18 9.33% 10,950,000.00 4,400,000.00 15,350,000.00 19 10.00% 200,000.00 --- 200,000.00 20 10.00% 1,751,874.00 --- 1,751,874.00 21 5.71% 198,000.00-99,000.00 99,000.00 22 6.00% 1,500,000.00 --- 1,500,000.00 23 16.00% 160,000.00 --- 160,000.00 24 5.00% 14,850.00 --- 14,850.00 25 251.00% 918,000.00 --- 918,000.00 26 0.00% 22,500,000.00-22,500,000.00 --- 27 0.00% 1,911,856.85-1,911,856.85 --- 28 49.00% 331,264.78 --- 331,264.78 29 15.68% 17,440,000.00 --- 17,440,000.00 30 5.00% 250,000.00 --- 250,000.00 31 4.00% 200,000.00 --- 200,000.00 32 0.00% 123,750.00-123,750.00 --- 33 30.00% 30,000,000.00 --- 30,000,000.00 34 5.00% --- 400,000.00 400,000.00 35 5.00% --- 1,089,602.32 1,089,602.32 36
2003 ANNUAL REPORT 2003 36 17.00% --- 9,282,000.00 9,282,000.00 37 15.00% --- 7,500,000.00 7,500,000.00 38 3 8.00% 64,374,271.27-22,634,046.48 41,740,224.79 39 412.00% 254,106.27-30,000.00 224,106.27 287,567,917.18-27,254,687.57 260,313,229.61 1 2 3 8 4 12 B : 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 52.05% 6,457,384.68-8,507.85-173,700.15 - -182,208.00 6,080,000.00 368,876.83 6,448,876.83 90.00% - - - - - - 2,700,000.00-2,700,000.00-90.00% 5,133,267.84 1,299,255.68-1,803,845.60 - -504,589.92 4,500,000.00 1,932,523.52 6,432,523.52 57.20% 7,581,587.92 919,291.05-919,291.05 - - 5,720,000.00 2,780,878.97 8,500,878.97 45.00% 2,250,000.00 307,704.35-164,334.35 - - 2,250,000.00 307,704.35 2,557,704.35 45.00% 4,692,080.72-226,768.12-513,031.88 - -739,800.00 3,600,000.00 865,312.60 4,465,312.60 30.54% 6,622,105.26 10,260,453.18 10,356,400.00 306,509.41-2,456.23-400,000.00 4,000,000.00 12,882,558.44 16,882,558.44 60.00% 1,310,364.98 120,603.84-120,603.84 - - 1,200,000.00 230,968.82 1,430,968.82 80.00% 7,835,073.49 16,894,582.37 17,000,000.00 604,142.54 - -709,560.17 7,000,000.00 17,729,655.86 24,729,655.86 50.00% 26,049,280.87 413,187.60-413,187.60 - - 25,000,000.00 1,462,468.47 26,462,468.47 73.00% 6,318,457.03 1,864,508.21-918,222.75 - -23,532.72 6,300,000.00 1,882,965.24 8,182,965.24 0.00% 2,988,994.91-2,988,994.91-1,000,000.00 776,949.66 - -718,503.50 1,000,000.00-1,000,000.00-25.00% 822,731.94-561,391.98-800,000.00 - - - 1,300,000.00-1,038,660.04 261,339.96 100.00% 7,087,170.05-1,257,909.75 - -245,827.08-512,082.67-500,000.00 1,897,763.30 3,931,497.00 5,829,260.30 50.00% 2,875,496.08 219,808.54-239,079.90-19,271.36-2,750,000.00 345,304.62 3,095,304.62 95.00% 2,032,647.59-68,184.82-101,295.15 - -169,479.97 1,900,000.00 64,462.77 1,964,462.77 60.00% 5,382,455.58-5,382,455.58 - - - - 5,100,000.00-5,100,000.00-100.00% 2,282,264.78 162,625.28-162,625.28 - - 600,000.00 1,844,890.06 2,444,890.06 25.00% 8,960,051.05-726,293.64-1,771,111.07-118,704.71-2,378,700.00 4,500,000.00 3,733,757.41 8,233,757.41 55.00% 4,537,114.40 3,024,372.95 2,445,934.73 1,341,772.07-21,971.02-525,000.00 3,500,000.00 4,061,487.35 7,561,487.35 51.00% 7,654,122.68 1,518,359.96-2,628,655.75 - -1,110,295.79 5,629,255.10 3,543,227.54 9,172,482.64 70.00% 8,476,433.29 546,876.62-546,876.62 - - 8,400,000.00 623,309.91 9,023,309.91 70.00% 6,268,947.35 444,894.51-520,236.39-75,341.88-6,034,000.00 679,841.86 6,713,841.86 50.00% 2,566,899.66-48,909.16-187,176.08-104,835.24-131,250.00 1,201,647.62 1,316,342.88 2,517,990.50 52.00% 5,773,000.00 799,002.76-1,442,059.85 292,705.84-944,663.08-5,773,000.00 799,002.76 6,572,002.76 0.00% 13,740,000.00-13,740,000.00 - - - - 8,000,000.00-8,000,000.00-37
2003 ANNUAL REPORT 2003 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 76.00% 1,800,564.04 596,548.03-500,183.47 96,364.56-1,739,920.55 657,191.52 2,397,112.07 60.00% 10,761,269.01 240,102.80-1,298,307.95 - -1,058,205.15 9,000,000.00 2,001,371.81 11,001,371.81 41.05% 46,870,149.89-96,228.29-571,450.71 - -667,679.00 45,501,957.92 1,271,963.68 46,773,921.60 60.00% 1,253,412.07 686,861.48 825,000.00 92,666.54 - -207,048.03 975,000.00 965,273.55 1,940,273.55 20.75% 9,604,089.66-120,352.45-590,488.58 - -710,841.03 8,300,000.00 1,183,737.21 9,483,737.21 30.00% 5,925,705.83-12,923.96 - -12,923.96 - - 4,500,000.00 1,412,781.87 5,912,781.87 22.50% 4,490,354.37-94,181.75 - -94,181.75 - - 4,500,000.00-103,827.38 4,396,172.62 60.00% 6,313,991.33 184,161.60-904,070.77 - -719,909.17 5,220,000.00 1,278,152.93 6,498,152.93 60.00% 706,169.72-28,527.77-61,716.50 - -90,244.27 600,000.00 77,641.95 677,641.95 70.00% 1,604,699.18 5,729,870.06 3,550,000.00 975,349.96 - -150,000.00 750,000.00 6,584,569.24 7,334,569.24 0.00% 12,112,570.17-12,112,570.17-10,000,000.00 433,513.39 - -264,888.72 10,000,000.00-10,000,000.00-0.00% - - - 4,412,893.07 - - - - - 0.00% - - - -19,366,608.24 - - - - - 0.00% - - - -97,658.50 - - - - - 0.00% - - - 19,225.13 - - - 100.00% 999,333.79 1,477.29-1,477.29 - - 1,000,000.00 811.08 1,000,811.08 49.00% 14,700,000.00 - - - - - 14,700,000.00-14,700,000.00 55.00% 11,498,233.52 534,302.47-1,422,021.25 - -887,718.78 8,100,000.00 3,932,535.99 12,032,535.99 0.00% 190,588.37-190,588.37-300,000.00 - - - 300,000.00-300,000.00-82.50% 38,132,940.33 2,862,382.45-6,258,282.55 - -3,395,900.10 33,109,125.85 7,886,196.93 40,995,322.78 20.00% 1,122,006.62 101,445.42-101,445.42 - - 1,000,000.00 223,452.04 1,223,452.04 49.00% 4,800,000.00 - - - - - 4,800,000.00-4,800,000.00 51.00% 1,961,129.91 298,744.17-355,241.74 - -56,497.57 1,500,000.00 759,874.08 2,259,874.08 35.00% 3,500,000.00-63,290.18 - -63,290.18 - - 3,500,000.00-63,290.18 3,436,709.82 30.00% 4,500,000.00 1,516,499.30-1,516,499.30 - - 4,500,000.00 1,516,499.30 6,016,499.30 75.00% - 18,000,000.00 18,000,000.00 - - - 18,000,000.00-18,000,000.00 30.00% - 1,685,605.45 1,500,000.00 185,605.45 - - 1,500,000.00 185,605.45 1,685,605.45 33.00% - 20,922,569.86 21,850,752.00-928,182.14 - - 21,850,752.00-928,182.14 20,922,569.86 40.00% - 2,642,392.73 2,400,000.00 242,392.73 - - 2,400,000.00 242,392.73 2,642,392.73 90.00% - 1,088,377.86 1,080,000.00 8,377.86 - - 1,080,000.00 8,377.86 1,088,377.86 48.00% - 244,034.29-4,034.29 - - 240,000.00 4,034.29 244,034.29 90.00% - 1,039,398.58-42,035.54 - - 900,000.00 139,398.58 1,039,398.58 100.00% - 1,326,285.22-20,061.73 - - 850,000.00 476,285.22 1,326,285.22 50.00% - 1,918,491.17 - -248,752.24 - - 2,250,000.00-331,508.83 1,918,491.17 30.00% - 3,000,000.00 3,000,000.00 - - - 3,000,000.00-3,000,000.00 20.00% - 400,000.00 400,000.00 - - - 400,000.00-400,000.00 20.00% - 10,000,000.00 10,000,000.00 - - - 10,000,000.00-10,000,000.00 100.00% - -1,574,225.29-214,716.70 289,081.92-3,333,719.01-4,907,944.30-1,574,225.29 90.00% - 4,932,270.72 4,500,000.00 432,270.72 - - 4,500,000.00 432,270.72 4,932,270.72 38
2003 ANNUAL REPORT 2003 66 67 68 50.00% - 1,724,705.21 2,500,000.00-775,294.79 - - 2,500,000.00-775,294.79 1,724,705.21 87.00% - 7,116,898.04 6,960,000.00 156,898.04 - - 6,960,000.00 156,898.04 7,116,898.04 50.00% - 1,522,548.25 1,500,000.00 22,548.25 - - 1,500,000.00 22,548.25 1,522,548.25 338,545,139.96 89,809,195.31 94,326,026.88 13,516,409.03-1,413,879.71-16,301,851.89 370,796,141.35 57,558,193.92 428,354,335.27 1-2,023,535.21 10-1,011,767.61 1 --- -202,353.52-809,414.09 --- 2 24,562.27 10 12,281.08 --- 2,456.23 --- 9,824.85 3 5,120,826.70 10 3,172,256.35 --- 512,082.67 --- 2,660,173.68 4 192,713.82 10 178,260.29 --- 19,271.36 --- 158,988.93 5 753,418.87 10 734,583.40 --- 75,341.88 --- 659,241.52 6 1,048,352.38 10 838,682.90 --- 104,835.24 --- 733,847.66 7-589,440.35 10-589,440.35 --- --- -589,440.35 --- 8-963,645.53 10-915,463.25 --- -96,364.56 --- -819,098.69 9 1,187,047.11 10 1,187,047.11 --- 118,704.71 --- 1,068,342.40 10 2,893,019.85 10 2 --- 2,893,019.85 944,663.08 --- 1,948,356.77 11 3 --- -2,312,655.19-289,081.92 --- -2,023,573.2 7 12 329,565.27 10 --- 329,565.27 21,971.02 --- 307,594.25 5,081,066.17 3,606,439.92 909,929.93 1,211,526.19-1,398,854.44 4,703,698.10 1 8 2 3 2 1 14,231,371.57 10 8,276,881.86 --- 474,379.05 7,802,502.81 --- 2 3 4 5 6 7 8 9 10 11 13,264,745.79 10 9,218,518.17 --- 1,326,474.56 --- 7,892,043.61 15,254,780.97 10 10,805,469.85 --- 762,739.04 10,042,730.81 --- 45,647,683.54 50 45,647,683.54 --- 912,953.68 --- 44,734,729.86-2,891,819.01 10-2,312,655.19 --- --- -2,312,655.19 --- -589,440.35 10 --- -589,440.35 --- -589,440.35 --- 14,231,371.57 10 --- 7,802,502.81 948,758.11 --- 6,853,744.70 1,315,484.06 10 --- 1,315,484.06 98,661.30 --- 1,216,822.76 333,623.27 10 --- 333,623.27 33,362.33 --- 300,260.94 1,172,175.00 10 --- 1,172,175.00 29,136.73 --- 1,143,038.27 301,822.70 10 --- 301,822.70 15,091.14 --- 286,731.56 102,271,799.11 71,635,898.23 10,336,167.49 4,601,555.94 14,943,138.08 62,427,371.70 3 39
2003 ANNUAL REPORT 2003 1 2 4,000,000.00 4,000,000.00 4.94% 2005.7.29 4,000,000.00 --- 73,877.84 --- 25,000,000.00 5.22% 2004.3.26 25,000,000.00 1,146,626.08 1,424,273.11 29,000,000.00 29,000,000.00 4,000,000.00 1,146,626.08 1,498,150.95 4 1 190,588.37-190,588.37 --- --- 2 PT 109,760.00 161,040.00 270,800.00 3-7,800,000.00 7,800,000.00 300,348.37 7,770,451.63 8,070,800.00 1 1 2 227,464,526.73 1,295,644.06 80,739,951.45 12,784,460.44 296,715,661.80 160,360,696.32 14,501,487.16 33,830,742.90 57,527,491.28 151,165,435.10 1,560,131,555.64 538,986,802.38 230,849,612.66 74,276,771.36 2,255,691,199.32 589,203,427.07 6,863,780.04 184,476,004.24 68,229,211.52 712,313,999.83 11,199,861.91 1,355,088.72 1,900,392.00 1,370,262.50 13,085,080.13 2,548,360,067.67 563,002,802.36 531,796,703.25 214,188,197.10 3,428,971,376.18 1 2 310,463,114.30 ; 563,002,802.36 89,515,981.76 193,752,455.84 880,611,308.51 34.56 2 28,610,907.56 76,449.54 11,237,482.24 2,789,080.24 37,135,759.10 64,556,835.09 4,485,369.00 22,324,096.41 8,570,249.50 82,796,051.00 403,464,015.58 175,707,822.05 308,005,278.38 69,151,475.51 818,025,640,50 149,050,849.81 1,635,577.09 89,072,023.62 44,692,283.79 195,066,166.73 3,013,034.95 269,809.62 1,036,252.00 317,200.80 4,001,895.77 648,695,642.99 182,175,027.30 431,675,132.65 125,520,289.84 1,137,025,513.10 488,329,870.11 75.28% 3 8,538,832.48 8,538,832.48 --- 2,110,424.43 508,648.21 1,601,776.22 1,161,912.96 1,046,801.46 115,111.50 29,458.85 --- 29,458.85 --- --- --- 11,840,628.72 10,094,282.15 1,746,346.57 4 40
2003 ANNUAL REPORT 2003 48,000.00 46,512.00 1,488.00 12,178,177.42 11,695,944.08 482,233.34 7,370,996.88 7,135,009.98 235,986.90 8,548,690.67 8,227,264.26 321,426.41 1,042,060.54 1,006,425.59 35,634.95 29,187,925.51 28,111,155.91 1,076,769.60 6,961,665.40 257,652,402.55 246,850,589.13 50,096.00 17,713,382.82 4,022,116.86 23,370,717.23 24,101,376.34 494,960.00 2,796,497.75 240,460.00 1,066,577.00 390,758.00 61,460.00 854,819.00 6,096,059.43 2,737,304.65 8,209,459.08 617,905.00 6,000.00 16,463,342.57 16,629,435.78 30,910,931.75 --- 2,181,846.60 33,783,644.26 301,456,437.21 310,463,114.30 1,224,421.00 23,552,546.17 1 2 1,174,325.00 50,096.00 42,048,455.91 33,218,598.63 2,248,245.85 --- 1,009,577.92 34,457,266.56 1,518,987.63 935,425.15 --- --- 109,774.08 825,651.07 125,623,720.24 78,976,260.24 30,020,171.90 1,507,947.04 3,574,818.37 103,913,666.73 3,751,632.89 918,951.31 2,620,698.29 416,313.00 779,506.58 2,343,830.02 1,176,160.65 844,330.37 --- --- 261,830.37 582,500.00 707,731,026.82 568,612,620.56 70,924,309.21 645,418.44 15,551,573.69 623,339,937.64 --- --- 963,758.05 --- 104,190.00 859,568.05 881,849,984.14 683,506,186.26 106,777,183.30 2,569,678.48 21,391,271.01 766,322,420.07 416,313.00 () 7,859,143.21 4,496,546.59 421,036.69 3,876,097.99 8,058,555.12 5,489,143.20 731,464.35 2,435,502.93 3,747,710.62 37,394.00 941,256.26 45,133.42 --- 986,389.68 --- 16,580,892.44 4,879,593.12 15,113,873.00 6,346,612.56 --- 5,215,200.00 --- --- 1,180,800.00 4,034,400.00 33,060,140.50 558,000.00 32,853,478.73 764,661.77 --- 1,400,000.00 --- --- 333,333.33 1,066,666.67 3,804,171.16 571,260.01 1,382,947.80 1,111,889.84 1,880,593.53 74,349,946.77 11,281,997.49 52,206,839.15 18,347,495.79 15,077,609.32 42,854,260.04 1,318,000.00 1,213,000,000.00 548,000,000.00 435,360,000.00 861,435,000.00 41
2003 ANNUAL REPORT 2003 2 --- 2,861,100.00 1,648,360,000.00 1,412,296,100.00 2004 11,500,000.00 11,500,000.00 72,775,728.40 72,775,728.40 84,275,728.40 84,275,728.40 126,229,392.35 80,203,376.48 1 5 5 2 3 400,040,762.41 247,308,928.88 1 5 5 2 1 3 152,731,833.53 61.76 640,177,695.61 414,556,886.63 1 5 5 88,827,135.73 3 120,614,899.30 37,687,280.61 33,326,101.10 13,549,636.43 5,837,018.50 211,014,935.94 225,620,808.98 54.42% 116.17 42
2003 ANNUAL REPORT 2003-2,861,484.27 3,468,564.33 17% 10,570,168.27 7,652,434.65 3,5 --- 9,526.40 --- 453,171.24 671,432.42 7% 11,756,874.80 13,058,191.20 15%,33% 1,417,069.06 585,276.87 --- 234,610.44 20,656.69 --- --- -4,149.53 --- 63,540.00 --- --- 21,633,949.54 25,461,933.03 --- 311,409.74 304,973.09 1%-3% --- 15,449.67 1% --- 5,081.42 0.30% 95,332.99 105,158.33 0.25%,0.5% 60,447.33 12,347.68 467,190.06 443,010.19 2,322,843.08 1,804,473.00 145,754.06 2,589,730.00 588,493.09 853,395.44 3,057,090.23 5,247,598.44 20,000,000.00 3,500,000.00 --- 3,786,753.32 8 89,653,488.11 4,033,548.35 85,619,939.76 1 1 113,578,180.00 18.97% 113,578,180.00 18.97% 43
2003 ANNUAL REPORT 2003 2 113,578,180.00 18.97% 113,578,180.00 18.97% 2 140,000,000.00 23.38% 140,000,000.00 23.38% 253,578,180.00 42.35% 253,578,180.00 42.35% 2 142,323,400.00 23.77% 142,323,400.00 23.77% 202,800,000.00 33.88% 202,800,000.00 33.88% 345,123,400.00 57.65% 345,123,400.00 57.65% 3598,701,580.00 100.00% 598,701,580.00 100.00% 860,440,662.89 --- 860,440,662.89 546,371.99 470,324.81(1) 1,016,696.80 --- 220,000.00(2) 220,000.00 860,987,034.88 690,324.81 861,677,359.69 1 326,954.81 237,720,449.08 39,604,696.75 277,325,145.83 201,460,328.03 38,825,581.89 240,285,909.92 135,525,333.74 --- 135,525,333.74 574,706,110.85 78,430,278.64 653,136,389.49 159,026,603.88 --- 107,766,284.40 --- 266,792,888.28 --- 196,134,055.14 --- 462,926,943.42 --- 39,604,696.75 38,825,581.89 107,766,284.40 --- --- --- 276,730,380.38 --- 10% 5% 10% 44
2003 ANNUAL REPORT 2003 1 56,607,290.14 76,659,419.79 42,001,585.33 56,620,590.90 14,605,704.81 20,038,828.89 2 659,638,895.81 637,745,927.40 643,545,532.84 628,455,773.91 16,093,362.97 9,290,153.49 3 2,649,137.30 8,371,091.01 2,559,022.97 6,440,908.17 90,114.33 1,930,182.84 4 1,960,118,879.35 1,474,936,582.47 1,357,973,124.65 1,017,235,048.84 602,145,754.70 457,701,533.63 5 301,751,454.94 178,027,325.28 257,305,773.37 134,524,036.84 44,445,681.57 43,503,288.44 261,761,012.63 420,207,361.96 259,630,081.63 415,283,412.96 2,130,931.00 4,923,949.00 2,719,004,644.91 1,955,532,983.99 2,043,754,957.53 1,427,992,945.70 675,249,687.38 527,540,038.29 2,719,004,644.91 1,955,532,983.99 2,043,754,957.53 1,427,992,945.70 675,249,687.38 527,540,038.29 2,719,004,644.91 1,955,532,983.99 2,043,754,957.53 1,427,992,945.70 675,249,687.38 527,540,038.29 763,471,660.92 39.04 615,762,011.83 43.12 3%,5% 58,936,443.80 47,892,530.55 7% 2,855,311.67 2,983,986.38 1%-3% 1,507,512.62 1,483,658.48 63,299,268.09 52,360,175.41 4,001,998.97 514,693.95 3,487,305.02 4,977,572.01 3,383,342.10 1,594,229.91 13,579,895.38 2,572,839.05 11,007,056.33 11,664,283.14 5,622,486.01 6,041,797.13 877,499.35 34,362.01 843,137.34 1,668,437.50 50,053.15 1,618,384.35 13,483,398.18 11,910,922.38 1,572,475.80 2,980,347.36 2,935,950.23 44,397.13 1,620,000.00 1,507,947.94 112,052.06 --- --- --- 13,059,031.00 950,869.44 12,108,161.56 6,463,802.50 615,066.61 5,848,735.89 7,844,122.97 811,800.05 7,032,322.92 3,850,292.12 644,554.41 3,205,737.71 54,465,945.85 18,303,434.82 36,162,511.03 31,604,734.63 13,251,452.51 18,353,282.12 17.809,228.91 97.04 29,185,091.34 146.03 138,683,521.43 46.41 75,624,021.74 45,799,757.20 5,052,633.30 5,307,268.87 45
2003 ANNUAL REPORT 2003 151,274.60 --- 289,548.47 115,489.23 306,774.18 403,510.62 70,739,888.75 40,780,509.72 29,959,379.03 73.46 1 15,938,192.84 6,902,537.61 --- -292,393.20 --- --- --- 22,548,337.25 5,238,030.11 --- 18,816,210.56-7,961,040.00 13,516,409.03-5,813,082.13 212,297.00 24,008,824.57 --- 190,093.46 --- --- --- --- --- 190,093.46 21,176,222.95 7,092,631.07 18,816,210.56-8,253,433.20 13,516,409.03-5,813,082.13 212,297.00 46,747,255.28 2 129,541.54 174,971.45 --- -585,031.60 --- --- --- -280,518.61 31,660,607.20 --- 32,090,712.12 --- 27,530,379.11-4,128,908.97 18,954,675.26 106,107,464.72 --- 351,524.87 --- --- --- --- --- 351,524.87 31,790,148.74 526,496.32 32,090,712.12-585,031.60 27,530,379.11-4,128,908.97 18,954,675.26 106,178,470.98 3 4 59,431,215.70 55.97 58,595,410.63 25,818,393.70 --- 750,000.00 2,232,100.00 48,978.00 73,845.00 26,699,200.13 8,750,000.00 581,855.82 321,666.57 2,606,700.47 485,769.00 --- 1,607,119.14 250,000.00 18,421,108.32 --- --- 109,046,141.51 38,196,005.27 --- 185.50% 70,850,136.24 1,484,805.52 4,998,592.74 1,708,135.18 1,009,199.38 1,073,681.30 465,593.94 4,266,622.00 6,473,386.06 46
2003 ANNUAL REPORT 2003 15,461,764.97 8,415,124.25 1,448,156.00 1,190,000.00 448,255.20 94,151.28 --- 1,152,132.01 --- 13,497,933.45 517,716.73 112,799.40 17,875,892.90 24,462,140.39 208,176,126.08 5,052,633.30 2,781,816.48 91,295,534.79 109,046,141.51 208,176,126.08 161,232,375.36 145,791,957.26 15,440,418.10 161,232,375.36 31,033,469.20 31,033,469.20 220,000.00 220,000.00 1 1 21,420,019.79 99.99% 214,200.20 14,640,091.49 92.94% 146,400.92 1 2 --- --- --- 1,110,052.00 7.05% 11,100.52 2 3 --- --- --- 1,597.30 0.01% 15.97 3 1,597.30 0.01% 15.97 --- --- --- 21,421,617.09 100.00% 214,216.17 15,751,740.79 100.00% 157,517.41 2 3 5 47
2003 ANNUAL REPORT 2003 5% 4 5 5 1 1 407,352,932.52 92.30% 1,409,232.05 413,283,236.79 82.10% 670,134.94 1 2 10,965,456.81 2.48% 78,744.80 1,730,557.93 0.34% 17,305.58 2 3 2,233,610.85 0.51% 1,754.91 67,426,310.99 13.39% 674,263.11 3 20,789,315.65 4.71% 9,638,055.70 20,981,612.82 4.17% 10,015,912.18 441,341,315.83 100.00% 11,127,787.46 503,421,718.53 100.00% 11,377,615.81 2 59,437,929.17 13.47 3 40 700,357.62 50.00% 350,178.81 13,000,000.00 54.85% 7,130,578.89 4,180,000.00 51.61% 2,157,298.00 17,880,357.62 9,638,055.70 4 5 5% 5 21,414,000.00 17,067,137.29 13,000,000.00 4,180,000.00 3,776,791.88 59,437,929.17 6 5 5 3,167,996,986.71 8,070,800.00 2,984,093,209.16 109,760.00 4,000,000.00 --- 29,000,000.00 --- 3,171,996,986.71 8,070,800.00 3,013,093,209.16 109,760.00 1 1 1 1,110,780 5% 2,276,300.00 --- 48
2003 ANNUAL REPORT 2003 2 484,000 5% 980,000.00 --- 3 PT 264,000 5% 944,000.00 270,800.00 4 ST 546,480 5% 517,400.00 --- 5 120,000 5% 440,000.00 --- 6 336,000 5% 1,060,000.00 --- 7 902,016 5% 1,245,824.00 --- 8 1,462,323 5% 1,471,480.00 --- 9 1,233,232 5% 4,358,300.00 --- 10 ST 171,600 5% 404,000.00 --- 11 217,800 5% 868,800.00 --- 12 242,000 5% 1,100,000.00 --- 13 714,258 5% 776,310.00 --- 14 189,750 5% 450,000.00 --- 15 308,880 5% 561,200.00 --- 16 146,362 5% 372,400.00 --- 17 31,248,000 4.30% 22,176,000.00 --- 18 3,360,000 5% 2,700,000.00 --- 19 9,750,000 5.77% 11,000,000.00 --- 20 3,000,000 5% 2,000,000.00 --- 21 ST --- 230,400 5% 740,000.00 --- 22 --- 611,275 5% 5,501,637.26 --- 23 36,000,000 18.00% 59,584,917.78 --- 24 --- 25,059,142 5% 30,967,457.17 --- 25 --- 3,300,000 5% 4,050,000.00 --- 26 --- 12,036,00 5% 10,200,000.00 --- 0 27 --- --- 5% 391,500.00 --- 28 --- --- 5% 119,124,915.0 --- 0 29 --- --- 5% 875,085.00 --- 287,137,526.21 270,800.00 2 A 1 0.50% 1,057,459.45 --- 1,057,459.45 2 44.12% 22,500,000.00 --- 22,500,000.00 3 0.00% 2,627,636.56-2,627,636.56 --- 4 13.33% 4,000,000.00 --- 4,000,000.00 5 41.67% 2,000,000.00 --- 2,000,000.00 6 23.52% 8,260,000.00 --- 8,260,000.00 49
2003 ANNUAL REPORT 2003 7 7.27% 16,000,000.00 --- 16,000,000.00 8 7.64% 47,200,000.00 --- 47,200,000.00 9 4.44% 1,319,488.00 --- 1,319,488.00 10 40.00% 20,000,000.00 --- 20,000,000.00 11 26.67% 800,000.00 --- 800,000.00 12 9.33% 10,950,000.00 4,400,000.00 15,350,000.00 13 10.00% 1,751,874.00 --- 1,751,874.00 14 6.00% 1,500,000.00 --- 1,500,000.00 15 15.68% 17,440,000.00 --- 17,440,000.00 16 30.00% 30,000,000.00 --- 30,000,000.00 17 15.00% --- 7,500,000.00 7,500,000.00 18 8.00% 44,374,271.27-22,634,046.4 8 21,740,224.79 231,780,729.2-13,361,683.0 218,419,046.2 8 4 4 8 B 1 100.00% 532,241,959.78 64,971,070.46 25,161,038.91 65,869,613.80 --- -26,059,582.25 12,000,000.00 585,213,030.24 597,213,030.24 2 100.00% 117,834,767.37-10,850,611.57-17,170,269.54 13,498,003.43 --- -7,178,345.46 1,500,000.00 105,484,155.80 106,984,155.80 3 98.00% 48,864,896.13-15,826,948.41-19,563,225.30 4,892,090.63 --- -1,155,813.74 9,800,000.00 23,237,947.72 33,037,947.72 4 60.00% 15,551,407.23 3,899,908.72 --- 8,121,515.11 --- -4,221,606.39 12,000,000.00 7,451,315.95 19,451,315.95 5 80.00% 99,665,935.60 26,285,656.55 21,023,225.30 13,683,667.14 --- -8,421,235.89 56,000,000.00 69,951,592.15 125,951,592.15 6 50.00% 9,734,483.67-3,795,944.98-5,518,197.13 1,166,549.79 --- 555,702.36 2,000,000.00 3,938,538.69 5,938,538.69 7 90.00% 5,169,975.56-54,172.03 --- -54,172.03 --- --- 5,400,000.00-284,196.47 5,115,803.53 8 100.00% 62,893,071.22-41,509,135.51-43,100,000.00 3,119,792.60 --- -1,528,928.11 500,000.00 20,883,935.71 21,383,935.71 9 80.00% 3,776,413.79 779,585.72 --- 779,585.72 --- --- 2,000,000.00 2,555,999.51 4,555,999.51 10 51.00% 598,765,073.18 4,894,715.83-342,052.50 9,985,188.30 --- -4,748,419.97 10,200,000.00 593,459,789.01 603,659,789.01 11 0.00% 100,000.00-100,000.00-100,000.00 - --- --- 100,000.00-100,000.00 --- 12 100.00% 105,288,706.05 122,752,027.70 115,000,000.00 7,752,027.70 --- --- 85,000,000.00 143,040,733.75 228,040,733.75 13 80.00% 56,300,231.33 32,306,835.39 31,296,577.30 1,518,848.52-15,091.14-795,321.99 51,000,000.00 37,607,066.72 88,607,066.72 14 0.00% 156,264,854.79-156,264,854.79-108,715,703.01 4,412,893.07-474,379.05-32,064,947.06 108,715,703.01-108,715,703.01 --- 15 0.00% 15,965,726.93 12,522,249.55 11,013,800.00 1,508,449.55 --- --- 15,407,228.00 13,080,748.48 28,487,976.48 16 0.00% 5,051.13 418,698.86 --- 418,698.86 --- --- --- 423,749.99 423,749.99 17 90.00% 103,559,272.59 2,774,952.84 --- 4,101,427.40-1,326,474.56 --- 63,910,539.88 42,423,685.55 106,334,225.43 18 0.00% 26,644,027.79-26,644,027.79-15,479,780.43 19,225.13-762,739.04 --- 15,479,780.43-15,479,780.43 --- 19 90.00% 23,997,390.58 1,749,237.13-333,623.27 1,782,599.46-33,362.33 --- 27,000,000.00-1,253,372.29 25,746,627.71 20 51.00% 8,920,178.90 1,601,210.84 --- 1,601,210.84 --- --- 10,200,000.00 321,389.74 10,521,389.74 21 80.00% 20,310,150.26 1,546,733.30 --- 1,546,733.30 --- --- 24,000,000.00-2,143,116.44 21,856,883.56 22 95.16% 24,297,652.30 136,573,382.34 108,715,703.01 47,458,731.35-948,758.11-38,093,430.36 5,700,000.00 155,171,034.64 160,871,034.64 23 85.00% 29,889,746.82 1,209,101.28 --- 4,940,386.08 --- -3,731,284.80 25,500,000.00 5,598,848.10 31,098,848.10 24 15.00% 8,060,618.30 3,582,967.78 80,525.99 5,253,967.34 --- -1,751,525.55 6,000,000.00 5,643,586.08 11,643,586.08 25 25.00% 6,882,439.09-5,734,917.50 --- -5,734,917.50 --- --- 8,732,024.00-7,584,502.41 1,147,521.59 26 75.98% 22,500,000.00-5,336,566.66 9,448,384.65-22,742,233.56-29,136.73 --- 22,500,000.00-5,336,566.66 17,163,433.34 27 60.00% 5,382,455.58 373,170.76 973,470.00-600,299.24 --- --- 5,100,000.00 655,626.34 5,755,626.34 28 51.00% --- 57,405,316.73 59,884,515.94-3,696,021.97-98,661.30 --- 59,884,515.94-2,479,199.21 57,405,316.73 29 90.00% --- 43,100,000.00 43,100,000.00 --- --- --- 43,100,000.00 --- 43,100,000.00 2,108,866,485.97 252,629,642.54 215,374,389.92 170,603,560.82-3,688,602.26-129,194,739.21 688,729,791.26 1,672,766,337.25 2,361,496,128.51 C : 1 52.05% 6,457,384.68-8,507.85 --- 173,700.15 --- -182,208.00 6,080,000.00 368,876.83 6,448,876.83 2 60.00% 1,310,364.98 120,603.84 --- 120,603.84 --- --- 1,200,000.00 230,968.82 1,430,968.82 3 57.20% 7,581,587.92 919,291.05 --- 919,291.05 --- --- 5,720,000.00 2,780,878.97 8,500,878.97 4 45.00% 4,692,080.72-226,768.12 --- 513,031.88 --- -739,800.00 3,600,000.00 865,312.60 4,465,312.60 5 25.00% 15,132,940.33 2,862,382.45 --- 6,258,282.55 --- -3,395,900.10 10,109,125.85 7,886,196.93 17,995,322.78 6 41.05% 46,870,149.89-96,228.29 --- 571,450.71 --- -667,679.00 45,501,957.92 1,271,963.68 46,773,921.60 7 20.75% 9,604,089.66-120,352.45 --- 590,488.58 --- -710,841.03 8,300,000.00 1,183,737.21 9,483,737.21 8 80.00% 7,835,073.49 16,894,582.37 17,000,000.00 604,142.54 --- -709,560.17 7,000,000.00 17,729,655.86 24,729,655.86 9 0.00% 11,340,000.00-11,340,000.00-5,600,000.00 484,803.63 --- --- 5,600,000.00-5,600,000.00 --- 10 0.00% 9,112,570.17-9,112,570.17-7,000,000.00 433,513.39 --- -264,888.72 9,000,000.00-9,000,000.00 --- 50
2003 ANNUAL REPORT 2003 11 0.00% 1,037,114.40 248,872.95 --- 1,341,772.07-21,971.02-525,000.00 --- 1,285,987.35 1,285,987.35 12 30.54% 6,622,105.26 10,260,453.18 10,356,400.00 306,509.41-2,456.23-400,000.00 4,000,000.00 12,882,558.44 16,882,558.44 13 45.00% 23,549,280.87 413,187.60 --- 413,187.60 --- --- 22,500,000.00 1,462,468.47 23,962,468.47 14 22.50% 4,490,354.37-94,181.75 --- -94,181.75 --- --- 4,500,000.00-103,827.38 4,396,172.62 15 25.00% 8,960,051.05-726,293.64 --- 1,771,111.07-118,704.71-2,378,700.00 4,500,000.00 3,733,757.41 8,233,757.41 16 51.00% 1,961,129.91 298,744.17 --- 355,241.74 --- -56,497.57 1,500,000.00 759,874.08 2,259,874.08 17 17.00% --- 10,328,265.86 11,256,448.00-928,182.14 --- --- 11,256,448.00-928,182.14 10,328,265.86 18 0.00% --- 242,392.73 --- 242,392.73 --- --- --- 242,392.73 242,392.73 19 0.00% --- 185,605.45 --- 185,605.45 --- --- --- 185,605.45 185,605.45 166,556,277.70 21,049,479.38 26,012,848.00 14,262,764.50-143,131.96-10,031,074.59 150,367,531.77 37,238,225.31 187,605,757.08 D 49.50% 109,250,000.00 4,088,528.67 --- 5,001,482.35-912,953.68 --- 109,250,000.00 4,088,528.67 113,338,528.67 E 1-2,023,535.21 10-1,011,767.61 --- -202,353.52-809,414.09 --- 2 24,562.27 10 12,281.08 --- 2,456.23 --- 9,824.85 3-589,440.35 10-589,440.35 --- --- -589,440.35 --- 4 1,187,047.11 10 1,187,047.11 --- 118,704.71 --- 1,068,342.40 5 14,231,371.57 10 8,276,881.86 --- 474,379.05 7,802,502.81 --- 6 14,231,371.57 10 --- 7,802,502.81 948,758.11 --- 6,853,744.70 7 13,264,745.79 10 9,218,518.17 --- 1,326,474.56 --- 7,892,043.61 8 15,254,780.97 10 10,805,469.85 --- 762,739.04 10,042,730.81 --- 9 45,647,683.54 50 45,647,683.54 --- 912,953.68 --- 44,734,729.86 10 1,315,484.06 10 --- 1,315,484.06 98,661.30 --- 1,216,822.76 11 333,623.27 10 --- 333,623.27 33,362.33 --- 300,260.94 12 1,172,175.00 10 --- 1,172,175.00 29,136.73 --- 1,143,038.27 13 301,822.70 10 --- 301,822.70 15,091.14 --- 286,731.56 14 329,565.27 10 --- --- 21,971.02 --- -21,971.02 104,681,257.56 73,546,673.65 10,925,607.84 4,542,334.38 16,446,379.18 63,483,567.93 8 2 4,000,000.00 4.94% 2005.7.29 4,000,000.00 4,000,000.00 --- 73,877.84 25,000,000.00 5.22% 2004.3.26 25,000,000.00 --- 1,146,626.08 1,424,273.11 29,000,000.00 29,000,000.00 4,000,000.00 1,146,626.08 1,498,150.95 3 PT 109,760.00 161,040.00 --- 270,800.00-7,800,000.00 --- 7,800,000.00 109,760.00 7,961,040.00 --- 8,070,800.00 329,760,875.77 323,939,420.84 182,029,624.93 192,174,859.81 147,731,250.84 131,764,561.03 1 15,714,578.04 6,802,405.12 --- --- -205,487.00 --- --- 22,311,496.16 5,238,030.11 --- 10,950,008.08 189,867,807.67-7,961,040.00-4,542,334.38 273,935.34 193,826,406.82 --- 190,093.46 --- --- --- --- --- 190,093.46 20,952,608.15 6,992,498.58 10,950,008.08 189,867,807.67-8,166,527.00-4,542,334.38 273,935.34 216,327,996.44 51
2003 ANNUAL REPORT 2003 2 26,848.90 174,971.45 --- --- -24,513.00 --- --- 177,307.35 31,660,607.20 --- 28,775,402.89 189,059,140.20 --- -3,813,310.06 18,554,675.26 264,236,515.49 --- 351,524.87 --- --- --- --- --- 351,524.87 31,687,456.10 526,496.32 28,775,402.89 189,059,140.20-24,513.00-3,813,310.06 18,554,675.26 264,765,347.71 3 1 518 2 2,000.00 --- --- 2,000.00 100.00 --- --- 100.00 1,200.00 10,800.00 --- 12,000.00 8,500.00 11,500.00 --- 20,000.00 7,000.00 --- --- 7,000.00 150.00 9,350.00 --- 9,500.00 1,000.00 --- --- 1,000.00 200.00 600.00 --- 800.00 50.00 --- --- 50.00 100.00 4,700.00 --- 4,800.00 30.00 --- --- 30.00 50.00 --- --- 50.00 250.00 --- --- 250.00 600.00 --- --- 600.00 100.00 --- 100.00 --- 10,000.00 --- --- 10,000.00 2,000.00 --- --- 2,000.00 10,000.00 --- --- 10,000.00 300.00 --- --- 300.00 1,000.00 --- --- 1,000.00 500.00 --- --- 500.00 3,000.00 --- --- 3,000.00 2,000.00 --- --- 2,000.00 52
2003 ANNUAL REPORT 2003 3,000.00 --- --- 3,000.00 3,000.00 12,167.4336 --- 15,167.4336 3,000.00 --- --- 3,000.00 3,000.00 1,000.00 --- 4,000.00 USD422.00 --- --- USD422.00 3,000.00 --- --- 3,000.00 200.00 --- --- 200.00 --- 12,000.00 12,000.00 --- 10,000.00 10,000.00 --- 2,379.71318 2,379.71318 1,000.00 --- --- 1,000.00 500.00 --- 500.00 --- 300.00 --- --- 300.00 1,168.00 --- --- 1,168.00 200.00 --- --- 200.00 4,000.00 --- --- 4,000.00 1,000.00 --- --- 1,000.00 1,000.00 2,000.00 --- 3,000.00 --- 2,400.00 --- 2,400.00 870.00 --- --- 870.00 100.00 --- --- 100.00 100.00 --- --- 100.00 1,000.00 --- --- 1,000.00 150.00 --- --- 150.00 500.00 --- --- 500.00 200.00 --- --- 200.00 50.00 --- --- 50.00 100.00 --- --- 100.00 --- 500.00 --- 500.00 1,200.00 --- --- 1,200.00 --- 800.00 --- 800.00 1,000.00 --- --- 1,000.00 2,000.00 100 --- --- --- --- 2,000.00 100 100.00 100 --- --- --- --- 100.00 100 1,200.00 100 10,800.00 --- --- --- 12,000 100 8,500.00 100 11,500 --- --- --- 20,000 100 7,000.00 100 --- --- --- --- 7,000.00 100 150.00 100 9,350 --- --- --- 9,500 100 1,000.00 100 --- --- --- --- 1,000.00 100 200.00 100 280.00-40 --- --- 480.00 60 50.00 100 --- --- --- --- 50.00 100 53
2003 ANNUAL REPORT 2003 100.00 100 4,700.00 --- --- --- 4,800.00 100 30.00 100 --- --- --- --- 30.00 100 50.00 100 --- --- --- --- 50.00 100 250.00 100 --- --- --- --- 250.00 100 540.00 90 --- --- --- --- 540.00 90 100.00 100 --- --- 100.00 100 --- --- 5,100.00 51 2,900 29 --- --- 8,000 80 2,000.00 100 --- --- 2,000.00 100 9,500.00 95 --- --- --- --- 9,500.00 95 270.00 90 --- --- --- --- 270.00 90 1,000.00 100 --- --- --- --- 1,000.00 100 500.00 100 --- --- --- --- 500.00 100 2,700.00 90 300 10 --- --- 3,000.00 100 1,020.00 51 --- --- --- --- 1,020.00 51 2,400.00 80 --- --- --- --- 2,400.00 80 2,400.00 80 12,767.4336 20 --- --- 15,167.4336 100 2,550.00 85 --- --- --- --- 2,550.00 85 2,400.00 80 960.00 4 --- --- 3,360.00 84 USD215.22 51 --- --- --- --- USD215.22 51 1,485.00 49.5 --- --- --- --- 1,485.00 49.5 200.00 100 --- --- --- --- 200.00 100 --- --- 6,120.00 51 --- --- 6,120.00 51 --- --- 5,100.00 51 --- --- 5,100.00 51 --- --- 2,048.2191 86.07 --- --- 2,048.2191 86.07 510.00 51 90 9 --- --- 600 60 500.00 100 --- --- 500.00 100 --- --- 153.00 51 --- --- --- --- 153.00 51 608.00 52.05 --- --- --- --- 608.00 52.05 120.00 60 --- --- --- --- 120.00 60 3,300.00 82.5 --- --- --- --- 3,300.00 82.5 572.00 57.2 --- --- --- --- 572.00 57.2 700.00 70 1700.00 10 --- --- 2400.00 80 --- --- 1,800.00 75 --- --- 1,800.00 75 522.00 60 --- --- --- --- 522.00 60 100.00 100 --- --- --- --- 100.00 100 60.00 60 --- --- --- --- 60.00 60 510.00 51 --- --- --- --- 510.00 51 97.50 65 --- --- 7.50 5 90.00 60 450.00 90 --- --- --- --- 450.00 90 190.00 95 --- --- --- --- 190.00 95 50.00 100 --- --- --- --- 50.00 100 100.00 100 --- --- --- --- 100.00 100 450.00 90 --- --- --- --- 450.00 90 840.00 70 --- --- --- --- 840.00 70 --- --- 696.00 87 --- --- 696.00 87 630.00 63 100.00 73 --- --- 730.00 73 54
2003 ANNUAL REPORT 2003 1 2 4,718,508.46 6,440,000.00 76,792,006.33 79,000,000.00 166,950,514.79 3 2003 2002 342,433.28 342,433.28 1,401,764.80 1,401,764.80 1,005,462.00 1,005,462.00 2,387,536.7 2,618,288.10 1,982,394.36 3,577,745.95 55
2003 ANNUAL REPORT 2003 192,509.17 327,961.85 177,074.45 1,454,152.50 1,536,035.48 --- 740,000.00 --- 269,369.86 --- 17,055,158.97 17,692,150.23 21,414,000.00 --- 1,614,032.80 1,614,032.80 128,705.00 128,705.00 250,000.00 250,000.00 1,500,000.00 1,500,000.00 --- 224,000.00 627,902.60 629,380.60 300,000.00 601,140.00 --- 620,917.47 1,015,606.40 1,018,155.60 --- 8,000,000.00 --- 44,457,168.97 --- 3,000,000.00 344,756.90 --- 11,926,555.00 --- 444,913.30 --- 2,177,500.00 --- 100,000.00 --- --- 600,000.00 1,844,700.00 8,650,000.00 3,250,000.00 3,250,000.00 4,340,000.00 --- --- 1,098,800.00 1,800,000.00 --- 42,960,808.36 --- 3,000,000.00 3,000,000.00 1,000,000.00 350,000.00 419,332.69 408,952.69 --- 2,671,550.00 1,200,000.00 1,200,000.00 217,000.00 --- 56
2003 ANNUAL REPORT 2003 4 1 576,046.00 / 543,715.00 564,000.00 / 476,811.98 180,000.00 / 176,777.00 ( ) 1,280,748.00 / 1,280,748.00 113,148.00 / 113,148.00 2 3 1999 8 1 2003 81,368,640.00 16,039.207.80 4 2003 250 5 2003 LPG 3,055,300.00 6 ( ) 2003 35,309,259.50 9,205,556.98 2003 12 31 2003 12 31 10,000,000.00 2004-2-4 10,000,000.00 2004-2-6 20,000,000.00 2004-6-18 5,000,000.00 2004-3-12 8,500,000.00 2004-3-12 10,000,000.00 2004-6-29 5,000,000.00 2004-9-29 5,000,000.00 2004-10-22 5,000,000.00 2004-10-22 20,000,000.00 2004-12-24 20,000,000.00 2004-12-29 15,000,000.00 2004-2-21 10,000,000.00 2004-6-16 57
2003 ANNUAL REPORT 2003 10,000,000.00 2004-6-24 20,000,000.00 2004-6-11 9,000,000.00 2004-1-17 2,500,000.00 2004-1-30 6,591,750.00 2004-2-5 1,058,250.00 2004-2-12 14,375,000.00 2004-9-5 50,000,000.00 2004-5-27 20,000,000.00 2004-2-29 30,000,000.00 2004-3-18 50,000,000.00 2004-6-21 650,000.00 2004-12-25 5,250,000.00 2004-8-23 2,800,000.00 2004-9-27 (1) 10,000,000.00 2004-6-24 (2) 7,000,000.00 2004-6.28 (3) 3,000,000.00 2005-11-19 (4) 2,000,000.00 2004-11-25 387,725,000.00 20,000,000.00 2004-4-29 10,000,000.00 2004-5-27 10,000,000.00 2004-1-16 20,000,000.00 2004-1-12 6,000,000.00 2004-5-20 4,000,000.00 2004-5-8 5,000,000.00 2004-6-22 15,000,000.00 2004-3-24 90,000,000.00 477,725,000.00 1 2 3 4 2003 2003 598,701,580 0.20 B 119740316 2002 12 31 58
2003 ANNUAL REPORT 2003 121,674,336.65 151,674,336.65 2003 6 30 7 9 10,197,131.80 23,797,131.80 59
( ) 2 35 P02038 18 2001 1
2003 2002 3 2,721,592 1,955,533 (2,094,463) (1,440,367) 627,129 515,166 4 169,221 149,955 (49,171) (19,986) (468,040) (319,104) 5 279,139 326,031 6 (63,477) (40,141) 34,348 30,525 250,010 316,415 7(a) (46,016) (53,921) 203,994 262,494 1,832 (11,372) 205,826 251,122 8 119,740 107,766 9 RMB0.344 RMB0.419 8 35 2
2003 2002 11 2,301,603 1,941,444 12 768,013 687,802 13 60,084 73,771 14 415,253 395,078 16 556,089 600,504 17-25,000 4,000 3,000 7(b) 773 4,590 11,044 19,493 4,116,859 3,750,682 18 52,979 38,523 100,085 84,565-120 302,154 165,385 72,561 24,675 17-3,132 27(b) 222,286 137,540 720 17,747 19 200,207 38,116 568,790 464,744 1,519,782 974,547 20 1,668,360 1,415,796 81,496 79,104 84,276 81,227 1,038,161 660,308 48,978 3,828 28,641 21,128 21,634 25,462 2,971,546 2,286,853 (1,451,764) (1,312,306) 2,665,095 2,438,376 3
2003 2002 2,665,095 2,438,376 20-3,787 21 85,620 56,933 (85,620) (60,720) (180,287) (102,134) 2,399,188 2,275,522 22 598,702 598,702 23 1,800,486 1,676,820 2,399,188 2,275,522 8 35 4
( 22) ( 23(a)) ( 23(b)) ( 23(c)) ( 22(d)) 2001 12 31 598,702 860,439-205,368 195,492 109,465 155,662 54,934 2,180,062 - - - (7,697) (7,697) - - 15,394-2001 12 31 598,702 860,439-197,671 187,795 109,465 155,662 70,328 2,180,062 - - - - - - (155,662) - (155,662) - - - - - - 107,766 (107,766) - - - - - - - - 251,122 251,122 - - - 40,049 39,727 - - (79,776) - 2002 12 31 598,702 860,439-237,720 227,522 109,465 107,766 133,908 2,275,522 - - - - - - (107,766) - (107,766) - - - - - - 119,740 (119,740) - - - 25,606 - - - - - 25,606 - - - - - - - 205,826 205,826 - - - 39,605 38,824 - - (78,429) - 2003 12 31 598,702 860,439 25,606 277,325 266,346 109,465 119,740 141,565 2,399,188 8 35 5
2003 2002 279,139 326,031 451,190 322,050 3,500 1,139 21,091-11,848 (6,763) 33-11,583 (41,310) (5,230) (41,023) 773,154 560,124 / 8,714 (8,960) / (8,316) 42,674 / (66,792) 215,250 (60,746) (50,499) 45,150 3,828 (7,722) (3,790) / 208,480 (288,780) 891,922 469,847 (41,592) (32,538) (75,624) (45,800) 774,706 391,509 6
2003 2002 (514,534) (626,316) 25,910 76,647 (51,465) (32,477) (133,803) (133,781) (49,414) (43,025) / 3,132 (24,723) 34,231 179,958 40,457 53,296 12,147 5,659 (42,966) (36,774) 24 (24,050) - 25(a) 6,487-25(b) 4,669 - - (105,563) (689,199) (687,099) 3,088,459 4,202,000 (2,962,166) (3,860,630) 4,400 28,974 (107,766) (155,662) (4,388) (4,885) 18,539 209,797 / 104,046 (85,793) 464,744 550,537 568,790 464,744 8 35 7
1. 1988 12 6 1992 5 19 ( ) 202,800,000 B 142,323,400 A 1999 8 3 2003 12 31 8,103 2002 7,941 1,034 2002 934 955 2002 953 2002 2002 26 2270 2003 12 31 44,177 2002 22,379 2. 31 (a) 2b c d 8
2 (b) 2003 12 31 26 (c) (d) (e) 9
2 (f) 40 10 4-15 5 (g) (h) (i) 10
2 (j) (k) (l) (m) (n) ( ) (o) 11
2 (p) (i) (ii) (iii) (q) (i) (ii) (iii) (iv) (v) (r) 12
2 (s) (t) (u) 30.5% 22.5%,, (v) 13
2 (w) (x) (y) 3. 14
4. 2003 2002 109,046 38,196 16,049 10,094 15,781 305 12,108 5,849 11,007 6,042 5,230 63,751-18,955-6,763 169,221 149,955 5. 2003 2002 419,120 301,382 21,792 16,833 8,747 3,197 1,607 15,042 6,377 26,445 17,358 37,093 356,979 222,060 73,949 49,153 109,883 87,396 11,583-11,848 - (138) (115) 15
6. 2003 2002 75,624 45,800 (5,054) (4,708) (7,093) (951) 63,477 40,141 7. (a) : 2003 2002 39,901 42,472 - (1,308) 6,818 5,143 (703) 7,614 46,016 53,921 33% 2002 2003 16
7. (b) 2003 2002 4,590 12,204 / 703 (7,614) (4,520) - 773 4,590 / 2003 2002 5,293 4,590 (4,520) - 773 4,590 8. 2003 2002 0.20 2002 0.18 119,740 107,766 9. 205,826,000 2002 251,122,000 598,702,000 2002 598,702,000 17
10. (a) - 1,924,513 278,066 407,634 111,378 2,721,591 4,932 5,378 250,321 - (260,631) - 1,929,445 283,444 657,955 111,378 (260,631) 2,721,591 / 224,208 15,543 8,816 10,737 259,304 19,835 (63,477) 34,348 (46,016) 203,994 1,832 205,826 2,591,985 313,440 192,745 118,818 3,216,988 290,916 2,938 40,108 81,291 415,253 2,004,400 5,636,641 767,171 38,017 109,123 23,186 937,497 2,119,669 3,057,166 18
10. 1,358,819 263,911 218,018 114,785 1,955,533-4,924 358,564 - (363,488) - 1,358,819 268,835 576,582 114,785 (363,488) 1,955,533 / 154,721 56,890 18,563 12,436 242,610 83,421 (40,141) 30,525 (53,921) 262,494 (11,372) 251,122 1,575,728 450,411 79,964 130,145 2,236,248 252,301 2,667 15,356 124,754 395,078 2,093,903 4,725,229 62,897 30,517 31,643 26,704 151,761 2,195,812 2,347,573 (b) 2003 90% 19
11. 2002 12 31 297,992 124,937 2,142,680 54,318 33,784 2,653,711 130 2,260 209,393 10,600 292,151 514,534 305 2,174 60,508 544-63,531-5,485 468,377 7,730 223 481,815 1,816-16,483 433-18,732 (13,683) (21,293) (171,919) (6,381) (5,768) (219,044) 35,632 22,522 240,570 (996) (296,837) 891 2003 12 31 322,192 136,085 2,966,092 66,248 23,553 3,514,170 2002 12 31 45,282 42,932 591,861 32,192-712,267 7,645 14,588 389,796 7,091-419,120-3,500 - - 3,500-1,849 170,512 2,915-175,276 86-3,508 36-3,630 (2,046) (11,443) (86,387) (2,241) - (102,117) 2,702 1,833 (3,642) (2) - 891 2003 12 31 53,669 53,259 1,065,648 39,991-1,212,567 2003 12 31 268,523 82,826 1,900,444 26,257 23,553 2,301,603 2002 12.31 252,710 82,005 1,550,819 22,126 33,784 1,941,444 20
12. 2002 12 31 41,234 696,875 9,382 8,261 755,752-25,403 - - 25,403-14,317-1,042 15,359-62,341 - - 62,341 2,333 3,189 - - 5,522 2003 12 31 43,567 802,125 9,382 9,303 864,377 2002 12 31 7,080 55,709 2,959 2,202 67,950-4,427 - - 4,427-1,134-78 1,212 1,119 18,366 761 1,546 21,792 85 898 - - 983 2003 12 31 8,284 80,534 3,720 3,826 96,364 2003 12 31 35,283 721,591 5,662 5,477 768,013 2002 12.31 34,154 641,166 6,423 6,059 687,802 21
13. 2003 2002 91,295 39,187 5,738 52,108 (15,255) - 81,778 91,295 17,524 14,327 8,747 3,197 (4,577) - 21,694 17,524 60,084 73,771 14. 2003 2002 163,158 248,305 252,095 146,773 415,253 395,078 2003 12 31 2003 2002 41.05% - 41.05% - 25.00% 57.50% 25.00% 57.50% 22
14. 2003 2002 45.00% 5.00% 45.00% 5.00% 80.00% - 70.00% - - 60.00% - 60.00% - 55.00% - 55.00% 17.00% 16.00% - - - 49.00% - 49.00% 30.54% - 15.38% - 15. 2003 12 31 2003 2002 49.50% 49.5% 23
16. 2003 2002 556,089 600,504 2002 2003 12 31 20% 2003 2002 119,125 119,125 59,585 59,585 47,200 47,200 30,967 30,967 22,176 22,176 20,000 20,000 17,440 17,440 16,000 16,000 15,350 10,950 11,000 11,000 10,200 10,200 10,000 10,000-80,500 2003 12 31 17. 2003 2002-28,132 - (3,132) - 25,000 4% 2003 12 31 24
18. 2003 2002 26,619 20,884-26 22,382 12,859 3,978 4,754 52,979 38,523 19. 2003 2002 87,374 5,137 13,063 16,979 99,770 16,000 200,207 38,116 20. 2003 2002-2,861 1,668,360 1,412,935 1,668,360 1,415,796-3,787 1,668,360 1,419,583 2003 12 31 4.536%5.31%2002 4.536% 5.94% 25
21. 2002 2003 22. 2003 2002 1 113,578 113,578 140,000 140,000 A 142,324 142,324 B 202,800 202,800 598,702 598,702 2002 2003 12 31 A B B A 26
23. (a) (i) (ii) (iii) B (b) 10% 50% (c) ( 5%10% (d) 2003 39,605,000 38,824,000 2002 40,049,000 39,727,000 27