000900 2003 2004 3

4 5 7 9 12 13 14 19 20 22 64

2003

1 XIANDAI INVESTMENT CO., LTD 2 3 0731-5558888-1102 0731-5558888-1112 0731-5163009 465-467 11 xdtzgf@public.cs.hn.cn 4 466 : 465-467 11 410007 xdtzgf@public.cs.hn.cn 5 http://www.cninfo.com.cn 6 000900 7 1 2001 10 31

2 4300001000821 4-4 3 430121183778498 4 19 208-210 79,909,982.45 54,463,332.36 50,548,051.03 316,232,131.81 1,196,820.54 71,311,704.53 10,367,885.31 / -1,769,607.39 359,455,502.56-4,202,886.95 6,881,585.86 : 2,568,462.37 2,827,500.00

1,485,623.49 8,218.08 1,777,825.47-1,196,697.14 3,915,281.33 2003 2002 2001 491,854,955.32 535,175,850.83 535,175,850.83 500,224,881.82 500,224,881.82 54,463,332.36 88,905,605.82 89,933,230.78 172,595,573.84 173,407,800.33 4,525,754,806.00 4,402,303,176.82 4,404,143,028.27 4,598,687,418.98 4,599,499,645.47 2,561,509,605.23 2,546,683,139.49 2,508,606,400.94 2,522,047,447.11 2,458,993,129.60 0.14 0.22 0.225 0.43 0.43 0.13 0.23 0.23 0.37 0.37 6.42 6.38 6.29 6.32 6.16 6.38 6.23 6.13 6.21 6.05 0.9 0.95 0.95 0.79 0.79 % 2.13 3.49 3.58 6.84 7.05 % 1.98 3.58 3.67 6.03 6.13

3 399,165,900 1,575,119,922.96 126,474,247.85 41,985,754.68 445,923,068.68 2,546,683,139.49 279,723.38 8,919,034.08 2,994,361.36 54,463,332.36 63,662,089.82 48,835,624.08 48,835,624.08 399,165,900 1,575,399,646.34 135,393,281.93 44,980,116.04 451,550,776.96 2,561,509,605.23 5% 10% 100% 60% 100% 40% 279723.38, 2002 1 + 1 184,800,000 184,800,000 184,800,000 184,800,000 2 3 4 184,800,000 184,800,000

1 214,365,900 214,365,900 2 3 4 214,365,900 214,365,900 399,165,900 399,165,900 2 1 2 3 1 85421 2 ( ) 0 145,710,000 36.5 0 0 39,090,000 9.79 0 870,000 0.22 384,360 0.10 100 371,690 0.09-60,599 357,600 0.09 21,840 331,165 0.08 0 329,369 0.08 300,000 0.08-40,000 260,000 0.07

3 1993 4 1 4 10 ( ) A B H 870,000 A -- 100 384,360 A 371,690 A 357,600 A 331,165 A 329,369 A 300,000 A 260,000 A 260,000 A 257,150 A 1

37 2002.7-2005.7 0 0 54 2002.7-2005.7 21 000 21 000 44 2002.7-2005.7 0 0 51 2002.7-2005.7 0 0 53 2002.7-2005.7 0 0 40 2002.7-2005.7 0 0 47 2002.8-2005.7 0 0 42 2002.8-2005.7 0 0 61 2003.7-2005.7 0 0 58 2002.7-2005.7 15 000 15 000 47 2002.7-2005.7 0 0 40 2002.7-2005.7 25 200 25 200 47 2002.7-2005.7 0 0 47 2002.7-2005.7 0 0 45 2002.7-2005.7 42 000 42 000 50 2002.7-2005.7 4 500 4 500 40 2002.7-2005.7 9 450 9 450 2002 7 2005 7 2

2002 3.6 / 4 2.4 / 73.62 20.80 21.6 1 3 3 5 9 14 1 1169 15 2 208 17.79 % 65 5.56 % 126 10.78% 770 65.87% 3 112 9.58% 665 56.89%

392 33.53% 3 2003 3 1 2

3 4 5 2001 2003 2 18 2002 2003 3 20 13 185,038,050 46.36% 1 2002 2 2002 3 2002 4 2002 5 2002 6 7

2003 3 21 2003 5 24 2003 2003 6 24 12 184,953,850 46.34% 1 10 7 2 3 4 2002 6 25 2003 2003 107 107 63.8% 8.14% 7991 5446 38.74% 2003 12 2004 1 1 2023 12 31

246 42% 2004 1 2 107 3 ( ) % 107 15,412,490.00 5,528,867.15 64.13 136,051,199.85 66,795,633.67 50.90 37,016,729.66 25,674,609.17 30.64 299,225,981.81 49,784,851.25 83.36 4,148,554.00 650,067.80 84.33 491,854,955.32 148,434,029.04 69.82 1 100 60 % 4,549,933.54 1,067,500.24 2

8420 95% ; 93,572,471.74 5,158,498.82 3 2000 70% 75,150,664.79-2,705,976.21 4 1,204,796,000.00 14.94% 5,668,739,570.82 5,088,069.44 107 2003 % 4,525,754,806.00 2.8 1,573,746,925.00-12.57

2,561,509,605.23 0.6 316,232,131.81-11.58 73,495,392.81 62.37 10,367,885.31 155.68 199.4% 54,463,332.36-38.74, -4,202,886.95 94.97 1 [2003]10 2003 5 2002 2002 2 " " 2003 4 14 - [2003]12 2002 3 [2003]10 " - ",

1 1) 2003 1 9 2) 2003 2 14 2002 2002 2002 2002 2002 2002 2003 3 20 2002 3) 2003 4 18 2003 4) 2003 5 22 10 7 2003 6 24 2003 5) 2003 6 12 6) 2003 8 19 2003 7) 2003 10 23 2003 2002 2003 5

2002 2002 2003 10 7 2003 2003 11 2003 54,463,332.36 10% 5,924,672.72 5% 2,994,361.36 491,467,366.96 2003 39,916.59 10 1.00 ( ) 39,916,590.00 1 2 2003 [2003]56

1 2003 12 31 18,389,724.39 472,293,911.32 460,316,703.83 30,366,931.88 855,017.18 855,017.18 24,530,527.73 24,530,527.73

. 3 2003 56 1 2003 12 31 4.4 2.7 2 3 2003 12 31 1 2003 2 14 2002

2002 2002 2 2003 3 4 2002 3 2003 4 8 2003 4 2003 8 19 2003 2003 1 107 25%

1,541.25 2 15 8 7 8 2003 6 12, 2001 12 20 2007 5 20 4000 2003 12 31 4.4 3 36.50% 2001 2002 2003 2003 55 1 2003 1

1 319 2003 1 28 2 2003 3 [2003]589 [2003]92 10.96 20 2004 1 1 2023 12 31 2004 1 3 2003 12 31 2003 12 31 5000 4 2003 5 2003 10 7 2003 12 31

2003 2003 12 31 2003. 00

01 2003 12 31 : 5-1 148,584,301.17 49,642,738.16 152,787,188.12 86,128,850.83 5-2 5,108,210.00-31,630,316.79 - - - - - 840,000.00 624,308.45 - - - - - - 5-3 33,287,204.33 33,090,604.33 30,339,010.53 29,963,410.53 5-3 7,998,948.31 16,850,009.64 4,562,964.21 59,736,302.04 5-3 61,919,479.68 50,929,479.68 11,090,576.20 522,576.20 - - - - 5-4 705,908.12-654,267.82-5-5 252,160.67 245,000.00 288,346.26 245,000.00 - - - - - - - - 258,696,212.28 151,382,140.26 231,352,669.93 176,596,139.60 : 5-6 221,925,346.21 279,639,373.24 219,350,656.76 274,146,378.19 5-6 - - 2,155,190.00 2,155,190.00 221,925,346.21 279,639,373.24 221,505,846.76 276,301,568.19 : 5-7 450,652,422.42 448,223,055.16 425,034,250.29 422,682,426.03 5-7 69,605,942.93 68,712,976.49 59,883,583.95 59,356,977.02 381,046,479.49 379,510,078.67 365,150,666.34 363,325,449.01 - - - - 381,046,479.49 379,510,078.67 365,150,666.34 363,325,449.01 - - - - 5-8 291,560,656.29 278,826,398.09 12,206,956.06 800,000.00 - - - - 672,607,135.78 658,336,476.76 377,357,622.40 364,125,449.01 : 5-9 3,358,466,777.61 3,358,466,777.61 3,510,946,650.37 3,510,946,650.37 5-10 14,059,334.12 14,039,702.75 61,140,387.36 61,129,471.66 - - - - 3,372,526,111.73 3,372,506,480.36 3,572,087,037.73 3,572,076,122.03 : - - - - 4,525,754,806.00 4,461,864,470.62 4,402,303,176.82 4,389,099,278.83

: 5-11 300,000,000.00 250,000,000.00 - - - - - - 5-12 7,502,807.59 7,460,844.62 129,777.67-5-13 41,225.00 40,425.00 130,800.00-5-14 860,000.00 700,000.00 129,178.89 29,178.89 130,956.46 175,794.07 226,327.03 256,390.23 - - - - 5-15 30,705,909.48 28,590,508.20 33,766,285.29 33,308,487.41 5-16 26,717,727.41 26,569,896.72 1,437,523.88 1,318,256.48 5-17 13,496,562.26 13,161,829.35 8,222,521.82 8,065,065.02 107,000.00 - - - - - - - - - - - - - - - 379,562,188.20 326,699,297.96 44,042,414.58 42,977,378.03 : 5-18 1,573,746,925.00 1,573,746,925.00 1,300,000,000.00 1,300,000,000.00 - - 5-19 - - 500,000,000.00 500,000,000.00 - - - - - - - - 1,573,746,925.00 1,573,746,925.00 1,800,000,000.00 1,800,000,000.00 : 95,051.38 123,995.36 1,953,404,164.58 1,900,446,222.96 1,844,166,409.94 1,842,977,378.03 10,841,036.19-11,453,627.39 - : 5-20 399,165,900.00 399,165,900.00 399,165,900.00 399,165,900.00 5-21 1,575,399,646.34 1,577,771,310.03 1,575,119,922.96 1,576,264,026.35 5-22 135,393,281.93 133,918,377.71 126,474,247.85 125,862,529.73 5-22 44,980,116.04 44,447,009.50 41,985,754.68 41,761,726.84 5-23 451,550,776.96 450,562,659.92 445,923,068.68 444,829,444.72 39,916,590.00 39,916,590.00 39,916,590.00 39,916,590.00 2,561,509,605.23 2,561,418,247.66 2,546,683,139.49 2,546,121,900.80 4,525,754,806.00 4,461,864,470.62 4,402,303,176.82 4,389,099,278.83

01 1 2003 12 31 380,139.19 83,142.80-463,281.99 307,060.71 30,587.82 337,648.53 73,078.48 52,554.98 125,633.46 1,572,453.49-1,485,623.49 86,830.00 1,572,453.49 1,485,623.49 83,830.00 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01 1 2003 12 31 932,131.94 31,587.82 415,945.53 547,774.23 302,660.71 31,587.82 334,248.53 629,471.23 415,945.53 213,525.70 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

02 2003 2002 491,854,955.32 487,706,401.32 535,175,850.83 531,368,166.83 148,434,029.04 147,783,961.24 148,026,673.71 147,203,276.67 27,188,794.47 26,883,882.33 29,505,826.76 29,178,365.92 316,232,131.81 313,038,557.75 357,643,350.36 354,986,524.24 1,196,820.54 1,192,686.54 457,860.64 367,759.53 633,021.06-531,041.21 -- 5-24 171,988,833.95 169,900,098.44 171,248,562.80 170,437,368.22 5-25 73,495,392.81 72,427,930.46 45,263,284.23 45,206,765.77 71,311,704.53 71,903,215.39 141,058,322.76 139,710,149.78 5-26 10,367,885.31 6,293,190.12 4,055,017.66 2,416,627.64 - - - - 5-27 8,218.08 8,218.08 - - 5-28 1,777,825.47 1,771,949.07 3,839,218.72 3,796,546.65 79,909,982.45 76,432,674.52 141,274,121.70 138,330,230.77 5-29 25,573,517.91 22,727,021.34 52,001,941.62 50,342,125.86-126,867.82-366,574.26-54,463,332.36 53,705,653.18 88,905,605.82 87,988,104.91 445,923,068.68 444,829,444.72 370,375,888.83 370,039,555.54 - - 59,395.25-500,386,401.04 498,535,097.90 459,340,889.90 458,027,660.45 5-22 5,924,672.72 5,370,565.32 8,928,802.80 8,798,810.49 5-22 2,994,361.36 2,685,282.66 4,489,018.42 4,399,405.24 491,467,366.96 490,479,249.92 445,923,068.68 444,829,444.72 - - - - - - - - 39,916,590.00 39,916,590.00 - - - - 5-23 451,550,776.96 450,562,659.92 445,923,068.68 444,829,444.72 : 1. - - - - 2. - - - - 3. - - - - 4. - - - - 5. - - - - 6. - - - -

2003 % 12.35% 12.40% 0.79 0.79 2.78% 2.80% 0.18 0.18 2.13% 2.14% 0.14 0.14 1.97% 1.98% 0.13 0.13

03 2003 : 485,298,059.62 477,890,282.63 - - 5-30 27,269,285.72 79,860,948.47 512,567,345.34 557,751,231.10 56,959,649.61 55,894,487.38 29,006,511.83 28,383,470.88 55,735,481.33 54,891,620.46 5-31 11,410,200.01 10,306,136.68 153,111,842.78 149,475,715.40 359,455,502.56 408,275,515.70 : 94,614,085.45 2,000,000.00 226,800.00 610,800.00 - - - - 94,840,885.45 2,610,800.00 849,666,981.79 848,259,356.65 59,210,392.80 - - - 908,877,374.59 848,259,356.65-814,036,489.14-845,648,556.65 : - - 1,210,000,000.00 1,160,000,000.00 - - 1,210,000,000.00 1,160,000,000.00 640,000,000.00 640,000,000.00 119,248,749.38 118,739,920.73 5-32 373,150.99 373,150.99 759,621,900.37 759,113,071.72 450,378,099.63 400,886,928.28-4,202,886.95-36,486,112.67

: 1. : 54,463,332.36 53,705,653.18-1,402,480.69-384,357.71 9,722,358.98 9,355,999.47 152,479,872.76 152,479,872.76 47,081,053.24 47,089,768.91 36,185.59-3,853,925.00 3,746,925.00 1,773,825.47 1,771,949.07 ( ) - - 75,021,259.77 74,718,431.12-10,367,885.31-6,293,190.12 - - -51,640.30 - -7,296,224.18 39,352,195.12 34,268,787.69 32,732,268.90 - - -126,867.82-359,455,502.56 408,275,515.70 2. : 3. : 148,584,301.17 49,642,738.16 152,787,188.12 86,128,850.83-4,202,886.95-36,486,112.67

01 2 2003 1 399,165,900.00 399,165,900.00 2 - - 3 - - 4 - - 5 - - 6 - - 10 - - 15 399,165,900.00 399,165,900.00 16 1,575,119,922.96 1,575,523,292.40 17 279,723.38-403,369.44 18 19 20 21 279,723.38-403,369.44 22 23 30 40 41 45 1,575,399,646.34 1,575,119,922.96 46 84,488,493.17 75,588,534.36 47 5,924,672.72 8,928,802.80 48 5,924,672.72 8,928,802.80 49 5,924,672.72 8,928,802.80 50 51 52 53 54 28,843.99 55 56 57 58 62 90,413,165.89 84,488,493.17 63 90,413,165.89 84,488,493.17 64 65 66 41,985,754.68 37,527,287.52 67 2,994,361.36 4,489,018.42 68 2,994,361.36 4,489,018.42 70 30,551.26 71 75 44,980,116.04 41,985,754.68 76 445,923,068.68 370,375,888.83-77 54,463,332.36 88,905,605.82 78 48,835,624.08 13,358,425.97-80 451,550,776.96 445,923,068.68

01 2 2003 1 399,165,900.00 399,165,900.00 2 - - 3 - - 4 - - 5 - - 6 - - 10 - - 15 399,165,900.00 399,165,900.00 16 1,576,264,026.35 1,576,206,745.67 17 1,507,283.68 460,650.12 18 19 20 21 279,723.38 22 23 30 1,227,560.30 460,650.12 40 403,369.44 41 45 1,577,771,310.03 1,576,264,026.35 46 84,100,802.89 75,301,992.40 47 5,370,565.32 8,798,810.49 48 5,370,565.32 8,798,810.49 49 5,370,565.32 8,798,810.49 50 51 52 53 54 - - 55 56 57 58 62 89,471,368.21 84,100,802.89 63 89,471,368.21 84,100,802.89 64 65 66 41,761,726.84 37,362,321.60 67 2,685,282.66 4,399,405.24 68 2,685,282.66 4,399,405.24 70 71 75 44,447,009.50 41,761,726.84 76 444,829,444.72 370,039,555.54-77 53,705,653.18 87,988,104.91 78 47,972,437.98 13,198,215.73-80 450,562,659.92 444,829,444.72

1993 5 [1993]72 18377849-8 1997 3 10 18377849-8 466 1998 [1998]282 283 1998 11 12 A 8,000 1 10.45 2,207.90 1998 11 27 4300001000821 19,007.90 1999 4 1 10:2 10:3 1999 5 10 28,511.85 1999 5 21 4300001000821 2000 5 2000 113 11,404.74 4,800 39,916.59 2000 10 4300001000821 2002 4 9 465 467

11 1 2 1 1 12 31 3 4 5 6 7

10% 8 1 1~2 2~3 3~4 4~5 5 1% 2% 3% 4% 5% 6% 9 a b c 10 20% 20% 20%

20% 20% 20% 50%( 50%) -- 10 2003 -- 2003 -- 11 2000

1999 1 1 1999 1 1 % % 30 -- 30-40 3 3.23-2.43 5-8 3 19.40-12.13 5-10 3 19.40-9.70 5-10 3 19.40-9.70 12 3 13 1999 1 1

10 1999 1 1 5 14 15 A

B C 16 17 18 2003 4 14 [2003]12 39,916,590.00 2002 39,916,590.00 2003 39,916,590.00 39,916,590.00 [2003]10

[2003]10 2003 753,738.39 248,733.67 505,004.72 15,160,060.70 5,002,820.03 10,157,240.67 19 2003 2003 13,767,928.35 2002 2003 12,314,936.09 14.94% 1,839,851.45 183,985.15 91,992.57 1,563,873.73 690,392.52 1,027,624.96 102,762.50 51,381.25 20 1995 11 50%( 50%)

1 5% 5% 7% 3% 5% 2 33% 3 ( ) (%) 100.00 60.00 60.00% 8,420.00 8,000.00 95.00% 2,000.00 1,400.00 70.00% 1 22,525.75 25,029.87 145,135,747.97 152,271,928.42 3,426,027.45 490,229.83 148,584,301.17 152,787,188.12

2 195,040.00 86,830.00 33,202,770.28 1,572,453.49 5,000,000.00 5,195,040.00 86,830.00 33,202,770.28 1,572,453.49 2003 12 31 108,210.00 500 2003 12 30 2004 6 30 ( ) 1,572,453.49 1,485,623.49 86,830.00 1,572,453.49 1,485,623.49 86,830.00 3 % % 1 33,544,852.86 99.76 335,448.53 1% 30,616,071.24 99.90 306,160.71 1% 1-2 50,000.00 0.15 1,000.00 2% 2-3 30,000.00 0.10 900.00 3% 3-4 30,000.00 0.09 1,200.00 4% 33,624,852.86 100.00 337,648.53 30,646,071.24 100.00 307,060.71

5% 5% 5% 30,366,931.88 90.31% 1 3,057,920.98 9.09% 1 % % 1 4,994,532.70 61.47 49,945.33 1% 2,621,614.22 56.55 26,216.13 1% 1-2 2,473,711.17 30.45 49,474.21 2% 1,401,180.57 30.22 28,023.61 2% 2-3 43,090.00 0.53 1,292.70 3% 585,117.90 12.62 17,553.54 3% 3-4 590,117.90 7.26 23,604.72 4% 12,130.00 0.26 485.20 4% 4-5 7,130.00 0.09 356.50 5% 16,000.00 0.35 800.00 5% 5 16,000.00 0.20 960.00 6% 8,124,581.77 100.00 125,633.46 4,636,042.69 100.00 73,078.48 5% 5% 41.89% 75.25% % % 1 61,919,479.68 100% 11,090,576.20 100.00 61,919,479.68 100% 11,090,576.20 100.00

5000 4 705,908.12 654,267.82 705,908.12 654,267.82 5 245,000.00 245,000.00 7,160.67 43,346.26 252,160.67 288,346.26 6 219,350,656.76 2,574,689.45 221,925,346.21 2,155,190.00 71,610.00 2,226,800.00 221,505,846.76 2,646,299.45 2,226,800.00 221,925,346.21 A (+) (-) (+) (-) 171,394,391.00 14.94% 760,157.57 8,309,272.22

% 2000.12 42,000,000.00 8.00 B: 20,018,874.28-12,701,723.17 1,814,531.88-10,887,191.29 1,839,851.45 2,574,689.45 2003 760,157.57 1,814,531.88 99 I 2,000,000.00 3.78% 2,000,000.00 2003.12.18 71,610,00 226,800.00 7 24,903,863.11 1,533,989.04 23,369,874.07 372,544,770.58 13,074,217.35 385,618,987.93 12,875,106.76 13,633,250.46 127,200.00 26,381,157.22 9,061,893.39 613,687.36 440,020.00 9,235,560.75 5,648,616.45 773,575.00 375,349.00 6,046,842.45 425,034,250.29 28,094,730.17 2,476,558.04 450,652,422.42 3,757,153.15 786,858.66 111,597.75 4,432,414.06 42,314,328.10 6,654,237.46 48,968,565.56

8,052,665.73 1,301,816.58 123,384.00 9,231,098.31 3,015,495.93 939,990.08 166,170.74 3,789,315.27 2,743,941.04 757,116.46 316,507.77 3,184,549.73 59,883,583.95 10,440,019.24 717,660.26 69,605,942.93 365,150,666.34 381,046,479.49 5 8 1,672,000 800,000.00 872,000.00 1,672,000 100% 4.2216 277,154,398.09 277,154,398.09 65.7% 5.69 11,406,956.06 1,327,302.14 12,734,258.20 2.2% 5,505,210.43 4.536% 9 107 164,495,757.24 109,304,284.85 6,831,517.85 102,472,767.00 15.0 1,130,105,000.00 1,053,542,365.52 15,261,693.29 1,038,280,672.23 2,609,000,000.00 2,348,100,000.00 130,450,000.00 2,217,650,000.00 17.0 70,376.00 70,376.00 7,037.62 63,338.38 4.0 3,903,671,133.24 3,510,946,650.37 70,376.00 152,550,248.76 3,358,466,777.61 5

2001 12 28 2003 5 20 10 37,419,297.99 37,419,297.99 107 3,784,362.00 3,784,362.00 107 399,999.99 200,000.00 199,999.99 319 660,000.00 660,000.00 16,418,560.68 4,434,139.92 11,984,420.76 2,352,000.00 588,000.00 1,764,000.00 95,251.00 3,969.00 91,282.00 10,915.70 15,619.27 6,903.60 19,631.37 61,140,387.36 15,619.27 47,096,672.51 14,059,334.12 18 319 2003 11 250,000,000.00 50,000,000.00 300,000,000.00 2.5

0.5 12 7,502,807.59 129,777.67 5% 5% 13 41,225.00 130,800.00 5% 5% 14 860,000.00 129,178.89 2003 15 24,301,649.32 18,215,863.89 2,641,960.65 1,982,087.58 3,213,155.59 12,849,701.11 549,143.92 715,766.32 2,866.39 30,705,909.48 33,766,285.29 16 26,717,727.41 1,437,523.88

24,530,527.73 2 17 13,496,562.26 8,222,521.82 2 18 270,000,000 270,000,000 400,000,000 400,000,000 1,300,000,000 3,746,925 1,303,746,925 900,000,000 900,000,000 1,570,000,000 3,746,925 1,573,746,925 1,300,000,000 1,300,000,000 19 500,000,000.00 20 + - 1 184,800,000.00 184,800,000.00 184,800,000.00 184,800,000.00 2 3 184,800,000.00 184,800,000.00 1 214,365,900.00 214,365,900.00 2 3 4 214,365,900.00 214,365,900.00 399,165,900.00 399,165,900.00

21 1,568,077,136.99 1,568,077,136.99 6,694,813.41 6,694,813.41 347,972.56 279,723.38 627,695.94 1,575,119,922.96 279,723.38 1,575,399,646.34 279,723.38 100% 60% 40% 100% 40% 279,723.38 22 84,488,493.17 5,924,672.72 90,413,165.89 41,985,754.68 2,994,361.36 44,980,116.04 126,474,247.85 8,919,034.08 135,393,281.93 275,977.72 23 54,463,332.36 445,923,068.68 10% 5,924,672.72 5% 2,994,361.36 39,916,590.00 451,550,776.96 39,916,590.00

1,563,873.73 24 171,988,833.95 171,248,562.80 25 75,021,259.77 47,622,301.93 1,533,719.37 2,499,128.36 7,852.41 140,110.66 73,495,392.81 45,263,284.23 62.37% 26 2,827,500.00 2,568,462.37 2,760,034.88 1,485,623.49 71,610.00 76,650.00 760,157.57-764,777.68 1,814,531.88 1,814,531.88 840,000.00 168,578.58 10,367,885.31 4,055,017.66 2003 760,157.57 1,027,624.96 27

8,218.08 8,218.08 28 3,452,334.28 260,000.00 1,773,825.47 78,234.05 4,000.00 48,650.39 1,777,825.47 3,839,218.72 29 25,573,517.91 33% 30 27,269,285.72 24,530,527.73 1,196,820.54 1,533,719.37 31 11,410,200.01 2,413,385.00 980,000.00 936,375.56 685,021.39 608,425.71 2002 550,000.00 406,302.77 32 373,150.99 227,120.98 86,450.01

59,580.00 1 % % 1 33,424,852.86 100% 334,248.53 1% 30,266,071.24 100% 302,660.71 1% 5% 5% 5% 30,366,931.88 90.85% 1 3,057,920.98 9.15% 1 2 274,146,378.19 6,221,580.12 728,585.07 279,639,373.24 2,155,190.00 71,610.00 2,226,800.00 276,301,568.19 6,293,190.12 2,955,385.07 279,639,373.24 1,839,851.45 A (+) (-) (+) (-) 600,000.00 60.00% 640,500.14 1,975,611.04

80,000,000.00 95.00% 4,900,573.88 7,724,379.59 14,000,000.00 70.00% -1,894,183.35-1,903,883.09 171,394,391.00 14.94% 760,157.57 8,309,272.22 B 20,018,874.28-12,701,723.17 1,814,531.88-10,887,191.29 6,221,580.12 4,407,048.24 1,814,531.88 728,585.07 3 3,646,890.67 1,290,223.44 71,610.00 76,650.00 760,157.57-764,777.68 1,814,531.88 1,814,531.88 6,293,190.12 2,416,627.64 2003 760,157.57 1,027,624.96 1,027,624.96 4 37,016,729.66 52,780,624.47 136,051,199.85 148,106,049.48 15,412,490.00 83,327,020.00

299,225,981.81 247,154,472.88 487,706,401.32 531,368,166.83 2002 12 5 25,674,609.17 25,987,855.88 66,795,633.67 48,557,647.10 5,528,867.15 23,551,755.02 49,784,851.25 49,106,018.67 147,783,961.24 147,203,276.67 1 36.50%

276 10,000.00 10,000.00 100.00 100.00 8,420.00 8,420.00 2,000.00 2,000.00 14,571.00 36.50% 14,571.00 36.50% 60.00 60.00% 60.00 60.00% 8,000.00 95.00% 8,000.00 95.00% 1,400.00 70.00% 1,400.00 70.00%

14.94% 1 2 [2002]181 2002 11 30 n A i B i C i S S i S i = A i +B i +C i S A i +B i +C i 2003 12 31 2002 12 31 2003 12 31 2002 12 31 855,017.18 855,017.18 6.34% 10.40% 2003 12 31 2002 12 31 2003 12 31 2002 12 31 24,530,527.73 91.81%

2003 12 31 2002 12 31 2003 12 31 2002 12 31 30,366,931.88 18,389,724.39 90.31% 60.76% 1 2,520 2 2001 4 20 8 15 8 7 8 2002 2002 8 7 8 2003 6 12 2001 12 20 2007 5 20 2003 12 31 4.4 3 4

5 14.94% 2003 2002 6 9 2002 2004 3 22 2003 39,916.59 10 1 39,916,590 1 2003 1 1 319 2 2003 3 [2003]589 [2003]92 10.96 20 2004 1 1 2023 12 31 2003 12 31 2003 12 31 5000

4 2003 491,854,955.32 54,463,332.36 4,525,754,806.00 2,561,509,605.23 0.14 0.14 0.13 6.42 6.38 0.90 % 2.13 % 2.14 % 1.98 1 6,881,585.86 2,568,462.37 2,827,500.00 1,485,623.49

2 8,218.08 3 1,777,825.47 4-1,196,697.14 3,915,281.33 1 2 3 2003 % 12.35 12.40 0.79 0.79 2.78 2.80 0.18 0.18 2.13 2.14 0.14 0.14 1.97 1.98 0.13 0.13