HUADONG MEDICINE CO.,LTD ANNUAL REPORT

HUADONG MEDICINE CO.,LTD ANNUAL REPORT 2003 1 2 2 3 3 4 4 5 5 8 6 10 7 11 8 12 9 18 10.19 11.22 12.68 1

. 2

HUADONG MEDICINE CO.,LTD. 0571-88172165 0571-88172165 stock@eastchinapharm.com 866 310011 439 310007 http://www.eastchinapharm.com suport@eastchinapharm.com http://www.cninfo.com.cn 000963 439 3300001005765 330191143083157 388 3

73,728,895.83 30,579,058.12 * 27,814,118.22 379,045,960.17 22,967,263.14 73,461,741.48-1,029,217.32 970,000.00 326,371.67 90,535,275.64 3,196,179.08 * 2,758,140.00 600,000.00 970,000.00 9,168.40-148,447.00-106,039.34 432,411.01 1,246,740.49 503,552.68 2,764,939.90 2003 2002 2001 2,325,710,915.63 2,065,697,461.56 12.59% 1,886,418,371.57 73,728,895.83 79,595,703.31-7.37% 94,567,313.08 30,579,058.12 46,529,476.52-34.28% 50,407,842.18 27,814,118.22 48,486,724.26-42.64% 47,658,809.79 2003 2002 2001 1,434,987,563.44 1,370,947,228.60 4.67% 1,241,192,823.14 577,200,130.23 573,943,301.07 0.57% 533,571,515.66 90,535,275.64 23,943,727.94 278.12% 109,668,970.88 4

380000000 111036011.39 46450408.86 17615131.47 36456880.82 573943301.07 220000.00 5467343.21 1822447.74 30579058.12-942228.96 35324172.37 111256011.39 32067343.21 32067343.21 380000000 51917752.07 19437579.21 34968595.73-942228.96 577230130.23 1 81,412,728 76,932,728 4,480,000 0 0 2 172,233,032 326,354,240 4 280,000,000 +- -26,354,240-26,354,240 81,412,728 76,932,728 4,480,000 0 0 172,233,032 0 253,645,760 1 100,000,000 26,354,240 126,354,240 2 3 4 380,000,000 380,000,000 1 1999 12 22 5.60 / 5000 2000 1 27 2 2003 1 27 5

126,354,240 76,800 126,277,440 33.23 2003 1 23 http://www.cninfo.com.cn 10 1 9,549 2 ( ) 1 76,932,728 20.25 2 70,000,000 18.42 3 70,000,000 18.42 4 14,107,432 3.71 14,107,432 5 5,901,165 1.55 6 4,480,000 1.18 7 2,240,000 0.59 8 1,306,300 0.34 9 1,120,000 0.29 10 1,120,000 0.29 3 1993 10 27 1 50 1160 4 10 76932728 20.24 2002 11 6000 5 ( ) ABH 6

5,901,165 A 1,306,300 A 781,000 A 406,288 A 390,643 A 323,655 A 316,650 A 305,800 A 285,800 A 233,000 A 58 06.6.27 0 0 55 20800 20800 51 0 0 51 0 0 37 0 0 44 0 0 42 0 0 48 0 0 48 0 0 31 0 0 38 0 0 40 0 0 54 10400 10400 59 0 0 47 0 0 36 0 0 48 0 0 96.00 49.00 49.00 5.00 /. 7

15-18 2 13-15 3 10-13 2 2003 6 27 2003 6 27 2002 231116960 60.82 100 2002 2003 6 28 http://www.cninfo.com.cn 2003 12 22 2003 12 23 http://www.cninfo.com.cn 1 2003 2003 232571 2002 12.59 8

2003 2003 2002 19 2003 2000 2004 500 6 2003 2003 3 1100 1096.62 2003 2 2003 2003 12 2004 2004 1 1 (%) 9

199,699.00 186,548.00 6.59 17.10 16.86 3.13 39,771.00 14,508.00 63.52 8.24-10.94 11.85 2 3 10 10 4 2 (1) 75% 866 1200 900 75% 2003 34736 6647 (2) 51% 500 (3) 90 (4) 2001 12 1500 765 51% 3 24,244.00 13.68% 211,039,099.02 9.07 4 1 1. 2. 10

3. 2004 AK107 1 27,700.00 7,434.30 19,586.00 7,000.00 6,723.00 0.00 2,900.00 858.00 0.00 2,000.00 1,529.00 86.00 2,800.00 1,278.00 100.00 3,400.00 0.00 0.00 3,410.00 0.00 0.00 3,400.00 0.00 0.00 3,050.00 0.00 0.00 27,960.00 10,388.00 186.00 2003 12 2 11 270.00 0 180.00 0 561.84 80.9

331.50 246.66 1,800.00 0 3,143.34 -- -- 1 2003 232571 12.6% 80% 100.6% 2 182126 11% 5000 1 3000 4,1000 17,500 44 3 2003 30% 7600 220 ---- ---- 1 12003 3 28 2002 2002 2002 2002 22003 4 23 2003 32003 6 27 42003 7 25 2003 52003 10 24 2003 12

62003 11 20 2003 72003 12 22 2003 http://www.cninfo.com.cn 2 1 2003 8 15 2 3 36448954.70 10 3644895.47 5 1822447.74 38173925.76 2003 38000 10 0.7 ( ) 11573925.76 4 12003 3 28 2002 2002 22003 4 23 2003 32003 6 27 42003 7 25 2003 1 13

2 2003 3 5 2003 05 27 561.84 62.85 3000 1 2 3 35,595.00 0.00 0.00 0.00 0.00 0.00 400.00 0.00 22,000.00 0.00 0.00 0.00 300.00 0.00 0.00 0.00 58,295.00 0.00 0.00 0.00 1 14

2003 01 01 2003 09 01 2003 04 18 2003 07 01 2003 10 15 21,003.98 2,700.00 21,753.98 13,803.98 2003 1 1 --2004 1 1 700.00 2003 9 1 --2004 11 15 3,750.00 2003 4 18 --2004 4 10 750.00 2003 7 1 --2004 6 21 2,000.00 2003 10 15 --2004 4 15 2,700.00 0.00 36 2 3 12003 8 22 282.552 16,953,120 2005 2,000 1.5 2.5 914 2003 12 31 8,476,560 2 2003 7 25 90% 51% 80% 10% 2003 12 31 15

62 1 [2004]518 2003 12 31 2003 2003 2003 12 31 2003 2004 3 25 23186365 4090767.97 27277132.97 16

21525438.47 2352374.12 23877812.59 1660926.53 1738393.85 3399320.38 654871.65 105903.06 760774.71 654871.65 105903.06 760774.71 905161.35 432411.01 472750.34 905161.35 432411.01 472750.34 17

: 318,133,685.80 223,963,458.97 314,937,506.72 268,793,796.60 4,342,065.02 869,000.00 4,500,469.68 2,222,247.14 0.00 315,155,418.48 202,499,219.84 332,743,533.20 211,929,390.18 18,677,608.24 7,442,766.97 23,749,481.51 17,740,998.26 55,239,710.11 47,682,270.17 25,203,611.05 19,760,795.76 0.00 352,773,462.36 259,427,203.22 333,068,933.89 262,330,188.95 945,827.56 337,825.49 696,001.50 462,947.67 660,500.00 0.00 628,400.00 628,400.00 0.00 1,065,928,277.57 742,221,744.66 1,035,527,937.55 783,868,764.56 : 55,905,956.01 243,925,684.48 42,654,351.93 185,830,443.27 0.00 0.00 0.00 55,905,956.01 243,925,684.48 42,654,351.93 185,830,443.27 25,751,476.37 25,456,123.89 0.00 25,751,476.37 25,456,123.89 : 343,778,841.88 166,478,472.57 308,583,153.21 163,650,605.12 105,725,857.44 41,588,926.75 82,054,667.60 32,025,906.75 238,052,984.44 124,889,545.82 226,528,485.61 131,624,698.37 472,750.34 275,723.41 905,161.35 275,723.41 237,580,234.10 124,613,822.41 225,623,324.26 131,348,974.96 0.00 25,932,673.90 25,932,673.90 17,398,461.49 10,397,864.37 0.00 263,512,908.00 150,546,496.31 243,021,785.75 141,746,839.33 : 44,542,058.06 41,107,934.03 46,484,531.26 46,070,281.23 5,098,363.80 1,867,209.67 3,258,622.11 3,213,631.82 0.00 49,640,421.86 42,975,143.70 49,743,153.37 49,283,913.05 : 18

0.00 1,434,987,563.44 1,179,669,069.15 1,370,947,228.60 1,160,729,960.21 : 381,055,340.00 299,000,000.00 334,000,000.00 226,000,000.00 49,381,047.03 44,381,047.03 29,583,047.05 29,583,047.05 270,620,955.60 215,013,825.44 265,819,876.66 224,308,623.25 5,918,721.63 3,402,870.97 6,188,117.10 3,601,271.52 253,100.00 253,100.00 5,180,240.51 1,554,591.09 4,222,066.50 1,258,760.59 794,460.80 794,460.80 435,420.00 435,420.00 23,740,414.22 5,751,429.79 13,008,066.37-5,423,455.56 517,984.23 285,946.06 708,901.59 332,837.43 58,677,727.16 24,917,676.28 85,448,932.74 108,998,412.16 697,264.60 583,335.50 514,864.25 356,309.25 796,837,255.78 595,938,282.96 739,929,292.26 589,451,225.69 : 200,000.00 400,000.00 200,000.00 400,000.00 : 797,037,255.78 595,938,282.96 740,329,292.26 589,451,225.69 60,750,177.43 56,674,635.27 : 380,000,000.00 380,000,000.00 380,000,000.00 380,000,000.00 380,000,000.00 380,000,000.00 380,000,000.00 380,000,000.00 111,256,011.39 113,639,108.36 111,036,011.39 111,036,011.39 51,917,752.07 51,917,752.07 46,450,408.86 46,450,408.86 19,437,579.21 19,437,579.21 17,615,131.47 17,615,131.47 34,968,595.73 38,173,925.76 36,456,880.82 33,792,314.27 0.00-942,228.96 0.00 577,200,130.23 583,730,786.19 573,943,301.07 571,278,734.52 1,434,987,563.44 1,179,669,069.15 1,370,947,228.60 1,160,729,960.21 19

2,325,710,915.63 1,821,255,836.46 2,065,697,461.56 1,638,082,247.60 1,945,346,076.93 1,720,899,300.32 1,752,044,393.83 1,537,151,164.83 1,318,878.53 919,365.86 3,517,827.79 2,165,967.61-379,045,960.17 99,437,170.28 310,135,239.94 98,765,115.16-22,967,263.14 21,451,130.11 22,059,965.37 21,591,384.68 165,928,265.58 27,382,886.22 135,817,900.10 31,199,435.72 146,614,451.48 64,842,664.63 101,520,285.72 51,526,879.73 16,008,764.77 13,843,262.77 15,223,909.01 11,681,179.96-73,461,741.48 14,819,486.77 79,633,110.48 25,949,004.43 - -1,029,217.32 29,076,829.67 712,417.30 25,986,715.02 970,000.00 968,560.00 2,171,771.19 2,080,993.09 238,165.87 127,612.62 1,845,399.52 315,150.60 1,956,550.34 289,751.05-73,728,895.83 45,662,158.93 79,595,703.31 51,773,581.02 33,331,785.31 9,213,204.23 23,788,747.83 7,517,433.55 10,760,281.36 9,277,478.96-942,228.96-30,579,058.12 36,448,954.70 46,529,476.52 44,256,147.47 36,456,880.82 33,792,314.27 44,065,826.42 43,674,588.92 67,035,938.94 70,241,268.97 90,595,302.94 87,930,736.39 3,644,895.47 3,644,895.47 4,425,614.75 4,425,614.75 1,822,447.74 1,822,447.74 2,212,807.37 2,212,807.37 61,568,595.73 64,773,925.76 83,956,880.82 81,292,314.27 26,600,000.00 26,600,000.00 9,500,000.00 9,500,000.00 38,000,000.00 38,000,000.00 20

34,968,595.73 38,173,925.76 36,456,880.82 33,792,314.27 : 1. 2. 3. 4. -6,088,486.05-2,556,805.14-3,613,740.27-3,140,287.09 5. 6. 21

: 2,718,867,515.29 2,120,756,599.14 391,534,162.02 252,116,883.67 3,110,401,677.31 2,372,873,482.81 2,263,871,495.50 2,033,096,137.78 94,365,714.12 34,116,737.09 95,381,261.14 14,712,283.20 566,247,930.91 285,357,293.67 3,019,866,401.67 2,367,282,451.74 90,535,275.64 5,591,031.07 : 1,500,000.00 0.00 0.00 5,083,251.70 2,589,280.48 10,485,667.59 5,494,103.34 17,068,919.29 8,083,383.82 73,244,313.29 57,340,734.54 18,503,447.00 29,018,411.54 0.00 91,747,760.29 86,359,146.08-74,678,841.00-78,275,762.26 : 2,600,000.00 2,600,000.00 1,273,555,340.00 941,200,000.00 1,276,155,340.00 941,200,000.00 1,229,200,000.00 868,200,000.00 59,615,595.56 45,145,606.44 490,000.00 1,288,815,595.56 913,345,606.44-12,660,255.56 27,854,393.56 22

3,196,179.08-44,830,337.63 : 1. : 30,579,058.12 36,448,954.70 3,154,674.15-539,211.26 25,696,202.40 12,025,281.30 5,816,327.60 5,680,874.52 2,898,258.31 1,207,924.34 400,178.13-282,567.82-1,137,176.68-1,899,750.05 ( ) 15,696,776.59 13,637,570.15 1,029,217.32-29,076,829.67-7,467,571.89-5,430,443.68 60,474,413.32 3,463,386.20-56,423,134.13-29,644,157.66-942,228.96 10,760,281.36 0.00 90,535,275.64 5,591,031.07 2. : 3. : 318,133,685.80 223,963,458.97 314,937,506.72 268,793,796.60 3,196,179.08-44,830,337.63 23

2003 1993 3 1997 1 17 1999 12 30 3300001003763 38,000 38,000 1 A 12,635.424 () () 1 1 12 31 () () () 1 () 3 24

() 1 2 () 1 1 1 5% 1-2 10% 2-3 20% 3 50% 2 : (1) (2) () 1 2 3 4 () 1 20% 20%20% 20%20% 20% 50% 50% 2 10 10 [2003]10 10 -- 3 25

4 ( ) 1 2 3 ( ) 1 (1) (2) (3) 2 30% 3 3% 2003 % 30-45 3.23-2.16 5-20 19.40-4.85 10-14 9.70-6.93 5 19.40 5-10 19.40-9.70 3 33.33 4 ( ) 1 2 (1) 3 (2) (3) ( ) 1 2 26

(1) 1) 2) 3) (2) 3 (3) 3 ( ) 1 2 (1) (2) (3) 10 3 ( ) 1 2 ( ) 1 2 (1) (2) 3 (1) (2) 27

( ) ( ) ( ) 26,600,000 2002 26,600,000 2003 26,600,000 26,600,000 9,500,000 2 3 3 5% 3 25% 1 1 5% 1-2 10% 2-3 20% 3 50% 2003 6,088,486.05 3 [2003]10 -- -- () 4%13%17% () 5% () 7% () 4% () 33% [2003]29 2003 26.4% () 28

(%) USD1,200 USD900 75.00 2,600 2,340 90.00 1,500 1,275 85.00 1,500 765 51.00 300 561.84 62.85 [] 500 331.50 51.00 30027090.00 ( ) 20018090.00 103 7572.82 30 26.4 88.00 () 1 [1996]2 2 2003 5 62.85% 1 2003 6 2003 5 31 22,246,824.74 252,991.72 7,852.459.33 2,176,111.37 26,322,345.70 6,206,041.46 2003 6-12 26,784,399.27 2,911,527.38 910,089.07 29

199,310.70 710,778.37 32003 6 30 2,600 2,340 90% 2003 9 2 2003 3 28 2002 2002 10% 5% 10 0.70 2003 6 27 2002 2004 3 25 2003 2003 10 % 5% 10 0.7 () 1. 318,133,685.80 (1) 401,133,86 294,067.94 314,107,924.49 314,236,866.59 3,624,627.45 406,572.19 318,133,685.80 314,937,506.72 (2) 322.01 8.2767 2,665.18 8,672.01 8.2773 71,780.83 35.00 14.6698 513.44 35.00 13.2755 464.64 627.10 1.0657 668.30 1,491.10 1.0611 1,582.21 782.00 0.077263 60.42 782.00 0.069035 53.99 420.00 10.3383 4,342.09 1,094,953.85 8.2767 9,062,604.53 834,362.28 8.2773 6,906,266.90 28,800.00 8.2767 238,368.96 28,800.00 8.2773 238,386.24 9,309,222.92 7,218,534.81 2. 4,342,065.02 (1) 4,342,065.02 4,500,469.68 30

4,342,065.02 4,500,469.68 (2) 5% 5% 3. 315,155,418.48 (1) (%) 1 307,278,264.00 90.63 15,363,913.20 291,914,350.80 1-2 12,519,229.06 3.69 1,251,922.91 11,267,306.15 2-3 7,852,974.97 2.32 1,570,594.99 6,282,379.98 3 11,382,763.04 3.36 5,691,381.49 5,691,381.55 339,033,231.07 100.00 23,877,812.59 315,155,418.48 (%) 1 318,127,689.49 89.80 15,906,384.47 302,221,305.02 1-2 12,704,408.54 3.59 635,220.43 12,069,188.11 2-3 4,376,924.23 1.23 218,846.21 4,158,078.02 3 19,059,949.41 5.38 4,764,987.36 14,294,962.05 354,268,971.67 100.00 21,525,438.47 332,743,533.20 (2) 5 19,066,758.67 5.62% (3) 5% 5% (4) 18,877.08 8.2767 156,239.93 207,660.41 8.2773 1,718,867.51 156,239.93 1,718,867.51 4. 18,677,608.24 (1) % 1 13,126,017.34 59.46 656,300.87 12,469,716.47 31

1-2 3,320,422.30 15.04 332,042.23 2,988,380.07 2-3 1,347,557.37 6.10 269,511.48 1,078,045.89 3 4,282,931.61 19.40 2,141,465.80 2,141,465.81 22,076,928.62 100.00 3,399,320.38 18,677,608.24 % 1 14,221,223.25 55.96 711,061.17 13,510,162.08 1-2 3,635,025.67 14.31 181,751.28 3,453,274.39 2-3 5,602,128.54 22.05 280,106.43 5,322,022.11 3 1,952,030.58 7.68 488,007.65 1,464,022.93 25,410,408.04 100.00 1,660,926.53 23,749,481.51 (2) 3,724,362.03 1,265,332.14 722,170.31 500,000.00 6,211,864.48 (3) 5 6,411,864.48 29.04% (4) 5% 5% 1,265,332.14 1,265,332.14 (5) 13,851.49 8.2767 114,644.63 350.88 8.2773 2,904.34 6,600.00 1.0611 7,003.26 114,644.63 9,907.60 32

5. 55,239,710.11 (1) (%) % 1 54,448,182.11 98.57 22,737,685.02 90.22 1-2 791,528.00 1.43 2,381,265.93 9.44 2-3 84,660.10 0.34 55,239,710.11 100.00 25,203,611.05 100.00 (2) 5% 5% 18,221.95 18,221.95 (3) 1 6. 352,773,462.36 (1) 3,746,647.75 3,746,647.75 4,578,440.72 4,578,440.72 1,992,126.57 1,992,126.57 1,924,241.81 1,924,241.81 1,708,463.36 1,708,463.36 1,150,531.49 1,150,531.49 12,799,072.23 12,799,072.23 8,926,593.85 8,926,593.85 321,339,735.08 760,774.71 320,578,960.37 296,417,975.94 654,871.65 295,763,104.29 431,015.39 431,015.39 141,213.85 141,213.85 11,517,176.69 11,517,176.69 20,584,807.88 20,584,807.88 353,534,237.07 760,774.71 352,773,462.36 333,723,805.54 654,871.65 333,068,933.89 (2) (3) (4) 1 33

654,871.65 105,903.06 760,774.71 654,871.65 105,903.06 760,774.71 2) 7. 945,827.56 566,450.11 281,132.00 379,377.45 232,471.83 182,397.67 945,827.56 696,001.50 8 660,500.00 (1) 660,500.00 660,500.00 628,400.00 628,400.00 660,500.00 660,500.00 628,400.00 628,400.00 (2) 1) (%) 500,000.00 6.42% 2003.9.8 500,000.00 32,100.00 160,500.00 660,500.00 500,000.00 500,000.00 32,100.00 160,500.00 660,500.00 2) 3) 9 55,905,956.01 34

(1) 25,751,476.37 25,751,476.37 29,855,395.57 29,855,395.57 13,299,479.64 13,299,479.64 12,798,956.36 12,798,956.36 16,855,000.00 16,855,000.00 55,905,956.01 55,905,956.01 42,654,351.93 42,654,351.93 (2) 1) 50 13,376,804.00 13,299,479.64 32.40% 3 16,855,000.00 16,855,000.00 30,231,804.00 30,154,479.64 2) a. 13,376,804.00 10,310,478.55 2,989,001.09 13,299,479.64 13,376,804.00 10,310,478.55 2,989,001.09 13,299,479.64 b. 12,798,956.36 500,523.28 13,299,479.64 12,798,956.36 500,523.28 13,299,479.64 c. 3) a 30,994,419.40 24,795,535.49 1,239,776.78 23,555,758.71 25 825,735.49 660,588.40 82,573.54 578,014.86 10 1,717,914.48 1,717,914.48 100,211.68 1,617,702.80 10 33,538,069.37 25,456,123.89 1,717,914.48 1,422,562.00 25,751,476.37 35

b 1997 1 1 2001 3 51% 2003 5 62.85% 4) 4 5) 10. 343,778,841.88 (1) 140,986,581.67 30,102,989.94 533,327.89 170,556,243.72 24,200,258.83 5,386,442.05 1,168,218.56 28,418,482.32 96,746,431.48 2,468,552.79 4,318,811.68 94,896,172.59 23,163,984.44 924,848.99 1,296,265.00 22,792,568.43 23,485,896.79 2,845,466.95 619,362.47 25,712,001.27 1,403,373.55 1,403,373.55 308,583,153.21 43,131,674.27 7,935,985.60 343,778,841.88 (2) 24,818,493.76 (3) 3,893,058.89 4,042,926.71 (4) 1,976,988.34 694,700.70 1,282,287.64 1,976,988.34 694,700.70 1,282,287.64 (5) 760,527.46 737,711.63 22,815.83 36

1,970,431.21 1,911,318.27 59,112.94 3,285,581.61 3,187,014.17 98,567.44 5,163,151.25 5,008,256.70 154,894.55 6,568,684.34 6,371,623.81 197,060.53 17,748,375.87 17,215,924.58 532,451.29 (6) (7) 23 11 105,725,857.44 23,739,206.02 8,063,737.04 348,800.57 31,454,142.49 9,427,862.24 3,205,735.70 963,728.27 11,669,869.67 25,863,669.85 9,751,753.63 1,870,734.10 33,744,689.38 12,427,532.38 3,469,599.43 1,197,237.37 14,699,894.44 10,596,397.11 3,792,909.18 549,176.69 13,840,129.60 317,131.86 317,131.86 82,054,667.60 28,600,866.84 4,929,677.00 105,725,857.44 12 238,052,984.44 139,102,101.23 117,247,375.65 16,748,612.65 14,772,396.59 61,151,483.21 70,882,761.63 8,092,673.99 10,736,452.06 11,871,871.67 12,889,499.68 1,086,241.69 238,052,984.44 226,528,485.61 13 472,750.34 37

(1) (3) 896,524.99 428,587.15 467,937.84 8,636.36 3,823.86 4,812.50 905,161.35 432,411.01 472,750.34 (2) 14. 25,932,673.90 (1) 7,794,856.28 7,794,856.28 5,498,094.46 5,498,094.46 25,932,673.90 25,932,673.90 2,591,008.09 2,591,008.09 1,514,502.66 1,514,502.66 25,932,673.90 25,932,673.90 17,398,461.49 17,398,461.49 (2) 7,794,856.28 780,372.80 8,575,229.08 949 5,498,094.46 5,498,094.46 560 2,591,008.09 23,477,665.81 136,000.00 25,932,673.90 5930 43.73% 1,514,502.66 9,467,720.29 10,609,170.22 373,052.73 17,398,461.49 33,725,758.90 24,818,493.76 373,052.73 25,932,673.90 (3) (4) 15. 44,542,058.06 (1) 38

27,698,054.21 27,698,054.21 32,748,018.05 32,748,018.05 14,940,898.89 14,940,898.89 13,642,584.25 13,642,584.25 1,903,104.96 1,903,104.96 93,928.96 93,928.96 44,542,058.06 44,542,058.06 46,484,531.26 46,484,531.26 (2) 35,280,000.00 32,748,018.05 5,049,963.84 27,698,054.21 7,581,945.79 4.5-10.5 22,693,174.96 13,642,584.25 2,530,272.12 667,539.76 564,417.72 14,940,898.89 7,187,858.35 19.4 2,014,676.24 93,928.96 1,908,000.00 98,824.00 1,903,104.96 111,571.28 3.4-10 59,987,851.20 46,484,531.26 4,438,272.12 5,816,327.60 564,417.72 44,542,058.06 14,881,375.42 (3) (4) 3 16. 5,098,363.80 1,564,000.00 1,251,200.00 312,799.96 938,400.04 625,599.96 48 1,658,000.00 307,500.00 308,000.00 332,330.02 283,169.98 1,374,830.02 6-30 GSP 4,430,000.00 4,430,000.00 1,476,666.66 2,953,333.34 1,476,666.66 24 3,144,864.99 1,699,922.11 776,461.67 923,460.44 2,221,404.55 10,796,864.99 3,258,622.11 4,738,000.00 2,898,258.31 5,098,363.80 5,698,501.19 17. 381,055,340.00 (1) 13,000,000.00 31,000,000.00 5,055,340.00 363,000,000.00 303,000,000.00 39

381,055,340.00 334,000,000.00 (2) USD200,000 8.2767 1,655,340.00 1,655,340.00 (3) 18. 49,381,047.03 (1) 49,381,047.03 29,583,047.05 49,381,047.03 29,583,047.05 (2) 5% 5% 19. 270,620,955.60 (1) 5% 5% (2) 3 20. 5,918,721.63 (1) 5% 5% (2) 1 21 253,100.00 2003 22. 794,460.80 (1) 794,460.80 435,420.00 794,460.80 435,420.00 40

(2) 23. 23,740,414.22 (1) -236,662.02-2,156,311.51 17%13%4% 1,001,357.23 865,200.12 5% 519,901.30 577,152.08 7% 19,848,448.05 13,049,979.60 26.40%33% 1,152.00 56,400.00 12%1.2% 2,606,217.66 615,646.08 23,740,414.22 13,008,066.37 (2) 24 517,984.23 469,099.65 637,511.04 4% 48,884.58 71,390.55 1 517,984.23 708,901.59 25. 58,677,727.16 (1) 5% 5% 568,213.77 2,762,069.73 568,213.77 2,762,069.73 (2) 3 6,158,662.13 41

2,711,817.09 8,870,479.22 (3) 6,158,662.13 2,711,817.09 8,870,479.22 26. 697,264.60 697,264.60 514,864.25 697,264.60 514,864.25 27 200,000.00 (1) HCG 200,000.00 400,000.00 200,000.00 400,000.00 (2) 20 HCG 28. 380,000,000.00 (1) +- 176,932,728 76,932,728 42

147,280,000 147,280,000 2 29,433,032 29,433,032 3 26,354,240-26,354,240-26,354,240 4 5 280,000,000-26,354,240-26,354,240 253,645,760 1 100,000,000 26,354,240 26,354,240 126,354,240 2 3 4 100,000,000 26,354,240 26,354,240 126,354,240 380,000,000 380,000,000 (2) 29. 111,256,011.39 (1) 109,868,541.25 109,868,541.25 1,167,470.14 1,167,470.14 220,000.00 220,000.00 111,036,011.39 220,000.00 111,256,011.39 (2) [2003]418 [2003]726 220,000 30. 51,917,752.07 43

(1) 28,412,782.73 3,644,895.47 32,057,678.20 17,615,131.47 1,822,447.74 19,437,579.21 422,494.66 422,494.66 46,450,408.86 5,467,343.21 51,917,752.07 (2) 2003 31. 34,968,595.73 (1) 36,456,880.82 30,579,058.12 32,067,343.21 34,968,595.73 (2) 1) 2002 10 0.70 26,600,000 2003 2003 10% 3,644,895.47 5% 1,822,447.74 2) 13,079,194.11 23,377,686.71 12002 26,600,000 2 3,790,956.82 3,222,313.29 568,643.53 32-942,228.96-942,228.96-942,228.96 44

() 1 / 2,325,710,915.63/1,945,346,076.93 (1) 1,996,994,474.03 1,705,416,529.01 397,709,032.51 367,434,085.68 2,394,703,506.54 2,072,850,614.69 68,992,590.91 7,153,153.13 2,325,710,915.63 2,065,697,461.56 1,865,483,052.75 1,596,379,648.10 145,083,709.78 162,898,903.97 2,010,566,762.53 1,759,278,552.07 65,220,685.60 7,234,158.24 1,945,346,076.93 1,752,044,393.83 (2) (3) 5 211,039,099.02 9.07% 2 1,318,878.53 842,380.42 1,499,789.43 7% 476,498.11 2,018,038.36 4% 1,318,878.53 3,517,827.79 3. 22,967,263.14 (1) 45

19,842,384.39 1,981,349.41 17,861,034.98 20,923,380.41 1,161,247.28 19,762,133.13 6,236,755.65 5,086,621.81 1,150,133.84 2,891,236.32 3,044,193.69-152,957.37 3,064,144.76 325,078.34 2,739,066.42 2,575,183.68 422,505.11 2,152,678.57 1,337,923.06 120,895.16 1,217,027.90 2,031,153.41 1,733,042.37 298,111.04 30,481,207.86 7,513,944.72 22,967,263.14 28,420,953.82 6,360,988.45 22,059,965.37 (2) 4. 16,008,764.77 21,794,459.69 17,982,960.35 6,097,683.10 2,990,269.92 83.02 3,547.06 14,428.70 1,957.78 326,333.86 229,629.30 16,008,764.77 15,223,909.01 5. -1,029,217.32 (1) 9,168.40 32,100.00 32,100.00 500,523.28-148,447.00 2,002,667.62-1,422,562.00-1,322,350.32-1,029,217.32 712,417.30 (2) 46

6. 970,000.00 (1) 770,000.00 600,000.00 200,000.00 340,000.00 28,560.00 970,000.00 968,560.00 (2) [2002]698 [2002]819 7. 2,171,771.19 2,067,847.23[] 2,865.68 3,500.00 126,218.29 87,150.00 40,150.00 13,273.96 68,931.90 2,171,771.19 238,165.87 2003 8 20 000201 9803065285 295 2,037,847.23 8. 1,845,399.52 930,670.55 536,509.54 398,769.32 447,707.04 435,155.30 633,881.26-432,411.01 47

508,000.00 324,760.00 5,215.36 13,692.50 1,845,399.52 1,956,550.34 () 1. ()4(4) 2. 3. () 1. 202,499,219.84 (1) (%) 1 205,577,823.72 95.15 10,278,891.19 195,298,932.53 1-2 2,593,498.93 1.20 259,349.89 2,334,149.04 2-3 3,068,182.94 1.42 613,636.59 2,454,546.35 3 4,823,183.85 2.23 2,411,591.93 2,411,591.92 216,062,689.44 100.00 13,563,469.60 202,499,219.84 % 1 205,402,470.76 90.72 10,270,123.54 195,132,347.22 1-2 5,011,541.38 2.21 250,577.07 4,760,964.31 2-3 118,807.96 0.05 5,940.40 112,867.56 48

3 15,897,614.79 7.02 3,974,403.70 11,923,211.09 226,430,434.89 100.00 14,501,044.71 211,929,390.18 (2) 5 17,102,560.94 7.92% (3) 5% 5% 2. 7,442,766.97 (1) (%) 1 3,752,888.63 41.24 187,644.43 3,565,244.20 1-2 2,620,553.62 28.79 262,055.36 2,358,498.26 2-3 517,732.64 5.69 103,546.53 414,186.11 3 2,209,676.81 24.28 1,104,838.41 1,104,838.40 9,100,851.70 100.00 1,658,084.73 7,442,766.97 % 1 11,671,910.38 61.43 583,595.52 11,088,314.86 1-2 1,344,007.62 7.07 67,200.38 1,276,807.24 2-3 4,436,376.54 23.35 221,818.83 4,214,557.71 3 1,548,424.60 8.15 387,106.15 1,161,318.45 19,000,719.14 100.00 1,259,720.88 17,740,998.26 (2) ( ) 1,750,000.00 1,265,332.14 722,170.31 500,000.00 4,237,502.45 (3) 5 4,437,502.45 49

48.76% (4) 5% 5% 1,265,332.14 1,265,332.14 3. 243,925,684.48 (1) 243,925,684.48 243,925,684.48 185,830,443.27 185,830,443.27 243,925,684.48 243,925,684.48 185,830,443.27 185,830,443.27 (2) 1) % 25 85,615,333.59 75% 15 23,400,000.00 90% 30 12,750,000.00 85% 15 7,650,000.00 51% 15 5,618,411.54 62.85% 15 3,315,000.00 51% 2,700,000.00 90% 15 1,800,000.00 90% 142,848,745.13 2) a 85,615,333.59 54,620,914.20 110,294,313.90 1,167,470.14 23,555,758.71 189,638,456.95 23,400,000.00 23,400,000.00-151,749.00 23,248,251.00 12,750,000.00 12,750,000.00 156,997.34 12,906,997.34 50

5,618,411.54 3,900,497.06 446,724.21 1,617,702.80 5,964,924.07 7,650,000.00 7,650,000.00-1,954,332.92 5,695,667.08 3,315,000.00 2,489,264.51 1,666,605.46 578,014.86 4,733,884.83 2,700,000.00 2,700,000.00-1,399,654.40 1,300,345.60 ( ) 1,800,000.00 1,800,000.00-1,362,842.39 437,157.61 142,848,745.13 109,310,675.77 107,696,062.20 1,167,470.14 25,751,476.37 243,925,684.48 b 158,277,395.88 32,600,837.85-1,239,776.78 189,638,456.95 12,175,756.98 731,240.36 12,906,997.34 6,923,510.59-1,227,843.51 5,695,667.08 4,054,508.14 761,950.23-82,573.54 4,733,884.83 2,599,271.68-1,298,926.08 1,300,345.60 ( ) 1,800,000.00-1,362,842.39 437,157.61 3,900,497.06 446,724.21 1,617,702.80 5,964,924.07 23,400,000.00-151,749.00 23,248,251.00 185,830,443.27 27,300,497.06 30,499,391.67 295,352.48 243,925,684.48 b 3 923) 4) () 1. 1,821,255,836.46 (1) 1,821,255,836.46 1,638,082,247.60 1,821,255,836.46 1,638,082,247.60 (2) 5 206,283,840.57 51

11.33% 2. 1,720,899,300.32 1,720,899,300.32 1,537,151,164.83 1,720,899,300.32 1,537,151,164.83 3. 29,076,829.67 (1) 32,100.00-1,422,562.00-1,322,350.32 30,499,391.67 27,276,965.34 29,076,829.67 25,986,715.02 (2) 10% 10% (3) () 1 1 52

2 USD 1,200 USD 1,200 2,600 2,600 1,500 1,500 1,500 1,500 500 500 300 300 111.4627 188.5373 300 200 200 103 103 30 30 (3) % % % % USD900 75 USD900 75 2,340 90 2,340 90 1,275 85 1,275 85 765 51 765 51 255 51 255 51 270 90 270 90 53

188.5373 62.85 188.5373 62.85 180 90 180 90 75 72.82 75 72.82 26.4 88 26.4 88 2 () 1. 54

2,784,252.14 36,134,723.08 7,311.11 6,592,225.58 22,774,952.28 6,455,068.30 3,286,036.75 3,182,484.83 3,090,712.00 3,044,985.00 2,094,181.77 1,776,836.14 1,598,360.02 541,320.74 665,969.08 744,773.83 577,764.33 92,597.39 35,323,540.62 60,121,013.75 2. 12,388,566.96 4,411,752.27 334,139.74 2,086,179.49 285,139.06 140,923.93 128,210.71 237,470.74 51,541.88 102,169.00 845,384.62 14,192,870.12 6,818,608.28 3. ( ) ( ) ( ) ( ) % 55

(1) 518,568.40 2,653,198.40 0.153 0.749 4,962,150.28 1,248,258.91 1.464 0.352 16,800.00 0.005 75,208.95 0.022 49,910.00 84,288.00 0.015 0.024 34,029.32 0.010 239,100.00 0.070 (2) 5,878,966.95 4,002,545.31 1.734 1.13 2,240,847.06 8.819 929,003.99 3.656 474,436.44 1.867 1,265,332.14 5.731 (3) 1,265,332.14 3,644,287.49 5.731 14.342 407,000.00 1.615 18,221.95 0.033 57,300.00 28,482.18 0.104 0.113 11,664.42 0.021 (4) 87,186.37 435,482.18 0.158 1.728 267,295.87 6,666,740.57 0.098 2.508 1,390,112.97 1,090,677.00 0.514 0.410 418,307.35 368,533.15 0.155 0.139 183,588.02 131,340.84 0.068 0.049 63,858.60 63,858.60 0.024 0.024 63,940.99 0.024 56

31,250.89 0.012 (5) 2,354,413.70 8,385,091.15 0.871 3.154 1,400,000.00 26,000,000.00 2.386 30.428 568,213.77 2,762,069.73 0.968 3.232 453,238.96 0.530 295,182.42 0.345 172,895.00 0.202 1,968,213.77 29,683,386.11 3.354 34.737 4. (1) 12002 3 15 2002 2 1 2003 9 8 GMP 2003 9 2003 5,849,624.19 2003 1,107,530.03 2003 1 3 2003 348,314.88 57

22002 11 15 5 2003 1 1 2003 12 31 628,558.56 2 12002 7 14 3.5 886,351.30 2 650 200 120 300 30 3 1 2003 12 31 700 2003 9 1 2004 11 10 2,000 2003 10 15 2004 4 15 2 184,053,078.30, 2003 7 4 2004 12 25 1,000 2003 7 1 2004 6 21 4 1 400 101,304,00 2 54,725,000 2003 2,758,140 3 950,000 4 779,414.78 3 389,707.39 389,707.39 2001 4 23 [2001] 179 58

389,707.39 5 12003 12 30 3,097,924.00 1,049,183.86 2,048,740.14 2,048,740.14 22003 1 7 17,972,828.54 8,175,585.50 9,797,243.04 [2002]150 12,180,340.01 2003 1 1 2003 12 31 6 4,382,826.57 7 2003 7 7 96 2002 7 7 91 2003 10-13 13-15 15-18 2 3 2 2002 9-12 12-14 1417 2 3 2 () 43 59

1 5,000 2003 4 18 2004 4 10 2 0000271 5,496,494.46 2003 11 22 2005 11 22 20 2003 12 31 20 3 1,800,563.00 4,883,439.43 3,806,332.51 3,400,000.00 2003 7 17 2004 1 16 () 1 517,235.59 2003 3 [2003] 253 517,235.59 2003 12 31 300,000 22003 12 31 291,822.77 2003 6 [2003] 254 291,822.77 2003 12 31 3 2003 12 31 410,269.42 2003 11 13 2003 12 31 4 821,322.47 2001 5 2001 7 25 [2001] 56 2001 12 15 821,322.47 2002 9 29 [2002] 6-2 2003 12 31 2003 8 22 60

282.552 16,953,120 2005 2,000 1.5 2.5 914 2003 12 31 8,476,560 2003 7 25 90% 51% 80%10% 2003 12 31 2004 3 25 1 2003 10 0.7 2 2500 7.23% 3 12003 5 16 1,885,373 2.98 5,618,411.54 3,000,000 1,885,373.00 62.85% 2003 5 27 [2003]141 2003 6 16 2 61

30 26.4 88% [2003] 35 2003 3 7 3305211060968 2003 6 30 32003 6 30 2,600 2,340 90% 2003 7 8 [2003]81 2003 9 2 3301001006406 42003 10 23 2003 12 5 1,800 3 2003 10 23 1,709 2003 12 26 37.44 609,400 1,685.50 0.85% 148,447 2003 7 25 500 2003 12 22 1,100 10,966,219.95 2003 2003 9 8 3301001705122 [ 2008 9 1 ] GMP 2003 1 27, 62

2003 1 27 26,354,240 76,800 26,277,440 2,764,939.90 2,758,140.00 600,000.00 970,000.00 9,168.40-148,447.00-106,039.34 432,411.01 1,246,740.49 503,552.68 2003 2,764,939.90 2001 65.67% 65.31% 0.9975 0.9975 12.73% 12.66% 0.1933 0.1933 5.30% 5.27% 0.0805 0.0805 4.82% 4.79% 0.0732 0.0732 63

64