000065

2

NORINCO INTERNATIONAL COOPERATION LTD. 000065 B 9 12 18-19 100053 B 910-912 518040 www.norinco-intl.com szszxldm@public.szptt.net.cn B 910-912 518040 075583433389-6611 075583433331 szszxldm@public.szptt.net.cn www.cninfo.com.cn 3

2004 1-6 2003 1-6 14,773,091.43 11,827,844.23 15,369,449.35 12,028,357.98 3.77 3.20 0.091 0.073 151,045,163.66-33,575,839.39 2004 6 30 2003 12 31 1,224,297,832.10 1,202,142,899.51 1,089,951,991.07 1,078,624,619.51 780,027,910.39 812,354,504.76 391,952,986.53 377,179,895.10 2.41 2.32 2.17 2.05 1 9,933.06 2 199.00 3 606,091.98 15170 10 4

+17,510,400 107,627,520 0 13,209,600 307,323 263,000 253,600 222,000 219,900 147,687 131,370 130,000 10 307,323 263,000 253,600 222,000 219,900 147,687 131,370 130,000 120,038 120,000 5

2004 4 22 2003 2004 4 22 2007 4 22 2004 4 22 2007 4 22 2004 4 22 2004 4 22 2007 4 22 2004 4 22 2004 6 15 2004 6 15 2007 6 15 2004 6 22 2004 7 28 2004 2004 7 28 2007 4 22 2004 7 28 2004 6 22 2004 7 28 2004 7 28 2007 4 22 2004 7 28 5.97 16.64% 1477 24.90% 6

2004 1-6 2003 1-6 597,361,111.24 512,144,805.60 16.64% 55,665,258.07 38,977,021.95 42.82% 14,773,091.43 11,827,844.23 24.90% -35,775,575.64 119,179,742.60-130% 2003 1-6 2003 12 31 1,224,297,832.10 1,202,142,899.51 1.8% 391,952,986.53 377,179,895.10 3.9% 1 42.82% 2 24.9% 3 130% 1 2 317,378,366.41 276,557,930.21 12.86% 224,958,056.80 206,078,072.44 8.39% 55,024,688.03 53,448,572.38 2.85% 597,361,111.24 536,084,575.03 10.26% 7

1 3.17 7% 3 TEKEZE DBAM-1 2 2.24 43% 19 3 5502-6% 3 4 10% 5 1 2 1 2004 12 2 2 2004 12 12002 9 1600 8

2001 1,,, OO [2003]56 200356 : 2,000.00 4,000.00 2,000.00 4,000.00 8.83 0.67 7.50 2.00 111.32 4.75 106.57 [2003]56 [2003]56 9

1 50% 2 80% 7.3.2 1 500 2002 5 21 500 2003 9 1 2 2001 2-211 1,692,889.00 460,152.00 988,234.22 1 2004 1-6 3.2 2 2004 1-6 1,670,488.16 2004 3 10

2004 3 OO 3 2004 4 24 4 12 18-19, 1570.82, 5.2 / /,2003 1-6 1,525,000.0 5 99,360,000.00 50,000,000.00 1 2 3 5%, [1997]54 19984243 1998 4 1,250 1998 6 5 [2000]104 [2000]166 1999 12 31 8,000 10:3 2001 1 10,152.32 2002 9 16,243.712 11

2000 1,552.32 2001 6 4,080 2004 5 1,751.04 107,627,520 66.26% 910911912 4403011035404 1 2 1 1 12 31 3 4 5 ( ), 1:8.28 12 31 ( ), 6 8.621 12

18.28 7 1 2 8 1 2 6% 100% 9 1 2 3 4 10 1 13

20%(20%) 20% 20% 20% 2 10 3 1 11 1 1 2,000 2 2 3 5% 8-35 11.87-2.71% 5-16 19.00-5.94% 6 15.83% 5-8 11.87-19.00% 14

4 12,, 3 13 1 50 2 15

14 15 16 1 2 ; 3 17 18 19 199511 19962 16

1 17% 2 3% 5% 3 1%7% 3 4 1994134 15% 5 100 70 90% 2,000 1,600 80% 10% ( [1996]2 ) 2004 1 1 2004 6 30 1 17

1,778,715.85 1,574,649.68 56,017.65 18,358.31 112,687,641.98 137,254,348.22 3,944,598.86 541,950.73 89,040.68 11,501,976.25 114,555,398.51 150,330,974.15 2 1,600,000.00 1,100,000.00 1,600,000.00 1,100,000.00 3 1 1 143,934,889.64 53.37% 5,692,005.59 212,870,563.79 59.28% 5,530,720.82 1-2 56,785,117.74 21.05% 3,407,107.06 69,634,127.08 19.39% 4,178,047.62 2-3 32,346,027.24 11.99% 1,940,761.63 33,793,172.70 9.41% 2,027,590.36 336,643,324.34 13.59% 2,198,599.46 42,785,183.01 4.02% 2,567,110.98 269,709,358.96 100.00% 13,238,473.75 359,083,046.58 92.09% 14,303,469.79 2 5% 4 1 1 8,696,964.20 37.67% 420,544.43 13,780,991.62 46.81% 622,960.60 1-2 3,328,547.80 14.42% 199,712.87 2,568,558.06 8.73% 154,113.48 2-3 4,897,633.45 21.22% 293,858.01 7,989,802.25 27.14% 479,388.14 3 6,161,089.58 26.69% 369,665.37 5,099,688.00 17.32% 305,981.28 23,084,235.03 100.00% 1,283,780.68 29,439,039.93 100.00% 1,562,443.50 2 5% 5 1 1 172,797,681.77 77.20% 109,937,522.40 69.74% 12 30,257,680.57 13.52% 28,165,691.82 17.87% 23 13,083,820.45 5.85% 12,428,039.38 7.88% 3 7,684,849.99 3.43% 7,110,118.94 4.51% 223,824,032.78 100% 157,641,372.54 100% 18

2 5 3 1-3 18,101,559.39 1-2 10,397,727.00 2-3 5,220,203.66 34,198,788.00 1-2 3,063,600.00 6 5,584,590.64 39,455,716.34 29,001,653.79 26,391,337.98 3,124,685.33 5,149,133.21 2,927,780.65 3,968,816.76 487,176.32 1,078,229.07 13,244,741.12 2,713,529.59 89,737,333.11 98,558,797.45 132,549.83 176,558.76 327,361,375.20 219,342,780.44 471,601,885.99 396,834,899.60 7 15,000.00 83,468.46 49,234.23 49,234.23 46,200.00 76,800.00 72,900.00 50,100.00 61,200.00 160,268.46 122,134.23 99,334.23 8 1 1 237,265.89 237,265.89 2 237,265.89-237,265.89 2 19

550,000.00 150,000.00-462,734.11-462,734.11 9 1 A 107,372,679.16 3,582,750.65 590,569.33 110,364,860.49 12,018,638.27 250,743.50 12,269,381.77 42,482,746.97 2,026,811.11 44,509,558.08 34,617,765.33 738,412.01 326,589.33 35,029,588.01 7,241,401.75 263,980.00 6,977,421.75 11,012,126.84 566,784.04 11,578,910.88 B40,507,286.00 5,928,645.10 252,926.99 46,183,004.11 713,344.58 162,158.49 875,503.07 11,203,657.39 1,471,817.60 12,675,474.99 18,297,703.45 2,916,888.60 173,145.99 21,041,446.06 4,536,550.67 485,842.35 79,781.00 4,942,612.02 5,756,029.91 891,938.06 6,647,967.97 C 66,865,393.16 64,181,856.38 11,305,293.69 11,393,878.70 31,279,089.58 31,834,083.09 16,320,061.88 13,988,141.94 2,704,851.08 2,034,809.73 5,256,096.93 4,930,942.91 2 242,121.86 242,121.86 242,121.86 - - 242,121.86 10 11,119,728.60 11,119,728.60 27,732,723.71 13,684,120.97 41,416,844.68 38,852,452.31 13,684,120.97-52,536,573.28 11 20

16,627,342.00 16,627,342.00 16,627,342.00 16,627,342.00-55,426.00 16,571,916.00 49.5-55,426.00-16,571,916.00 12 671,622.99 671,622.99 506,325.51 117,597.16 388,728.35 1,177,948.50 - - 117,597.16 1,060,351.34 13 68,133,900.67 107,796,482.47 83,021,862.43 99,360,000.00 250,760,000.00 222,800,000.00 167,493,900.67 358,556,482.47 305,821,862.43 14 19,817,506.90 33,663,742.02 78,511,318.09 19,817,506.90 33,663,742.02 78,511,318.09 15 85,594,068.39 153,581,135.20 5% 16 467,822,935.60 224,534,888.59 1 5% 2 3,096,831.04 1-2 1,270,284.43 1-2 17 21

18,728.45 223,096.25 35,287.40 35,287.40 54,015.85 258,383.65 18 17% -2,956,026.02-23,180,833.68 3%5% 8,942,183.06 5,234,725.89 1%7% 660,489.96 524,360.42 15% 2,019,777.12 1,754,949.39 1,185,108.57-5,154,743.45 9,851,532.69-20,821,541.43 19 339,846.39 232,360.03-220,852.90-215,375.34 118,993.49 16,984.69 20 12,375,807.51 34,088,838.40 1 3,088,655.04 1,400,000.00 825,875.00 665,801.54 23 171,972.12 166,421.71 22

21 ABWW-1 2,593,623.64 7,079,752.35 JBMT-2 2,120,000.00 2,120,000.00 1,826,055.86 3,193,998.75 6,539,679.50 12,393,751.10 22 1,275,940.30 1,746,060.07 1,275,940.30 1,746,060.07 23 50,000,000.00 10,000,000.00 50,000,000.00 10,000,000.00 24 1 1120,837,120.00 120,837,120.00 120,837,120.00 120,837,120.00 2 3 4 120,837,120.00 120,837,120.00 41,600,000.00 41,600,000.00 1 41,600,000.00 41,600,000.00 2 3 4 41,600,000.00 41,600,000.00 162,437,120.00 162,437,120.00 2 23

90,117,120.00 17,510,400.00 107,627,520.00 17,510,400.00 17,510,400.00 0.00 13,209,600.00 13,209,600.00 120,837,120.00 17,510,400.00 17,510,400.00 120,837,120.00 25 143,617,054.15 143,617,054.15 143,617,054.15 143,617,054.15 26 10,123,995.21 10,123,995.21 5,061,997.63 5,061,997.63 15,185,992.84-15,185,992.84 27 1 10% 5% 2 55,939,728.11 14,773,091.43 14,773,091.43 0.00 70,712,819.54 28 1 24

317,378,366.41 276,557,930.21 296,120,613.28 274,424,635.21 224,958,056.80 206,078,072.44 157,418,375.46 137,868,677.58 55,024,688.03 53,448,572.38 58,605,816.86 56,025,374.04 597,361,111.24 536,084,575.03 512,144,805.60 468,318,686.83 2 279,982,744.83 259,526,644.82 216,024,192.32 193,894,051.62 317,378,366.41 276,557,930.21 296,120,613.28 274,424,635.21 597,361,111.24 536,084,575.03 512,144,805.60 468,318,686.83 29 3% 5,251,696.82 3% 4,396,836.01 1%7% 197,869.48 1%7% 269,168.51 3% 161,711.84 3% 183,092.30 5,611,278.14 4,849,096.82 30 2,803,886.08 1,837,576.71 407,674.08 419,755.68-1,073,585.47 103,401.24 152,785.57 917,618.18 849,635.29 1,186,689.26 2,325,047.39 3,625,529.71 31 12,500.00 9,933.06 4,000.00 9,933.06 16,500.00 32 25

200,000.00 199.00 606,091.98 17,013.75 606,290.98 217,013.75 : 1 1 1 143,934,889.64 53.37% 5,692,005.59 216,194,482.99 59.66% 5,730,155.97 1-2 56,785,117.74 21.05% 3,407,107.06 69,634,127.08 19.21% 4,178,047.62 2-3 32,346,027.24 11.99% 1,940,761.63 33,793,172.70 9.32% 2,027,590.36 3 36,643,324.34 13.59% 2,198,599.46 42,785,183.01 11.81% 2,567,110.98 269,709,358.96 100.00% 13,238,473.75 362,406,965.78 100.00% 14,502,904.94 2 1 148,541,845.42 77.14% 411,237.30 33,550,102.45 68.18% 588,707.25 1-2 3,328,547.80 5.29% 199,712.87 2,568,558.06 5.22% 154,113.48 2-3 4,897,633.45 7.78% 293,858.01 7,989,802.25 16.24% 479,388.14 36,161,089.58 9.79% 369,665.37 5,099,688.00 10.36% 305,981.28 62,929,116.25 100.00% 1,274,473.55 49,208,150.76 100.00% 1,528,190.15 2 5,000,000.00 2,733,204.55 1,506,584.98 743,292.21 690,000.00 3 1 1 10,671,264.47 1,166,257.84 9,505,006.63 2 10,671,264.47-1,166,257.84 9,505,006.63 26

(2) 550,000.00 150,000.00-462,734.11-462,734.11 16,000,000.00-6,732,259.26-6,732,259.26 4 1 317,378,366.41 276,557,930.21 296,120,613.28 274,424,635.21 224,958,056.80 206,078,072.44 157,418,375.46 137,868,677.58 55,024,688.03 53,448,572.38 58,605,816.86 56,025,374.04 597,361,111.24 536,084,575.03 512,144,805.60 468,318,686.83 2 279,982,744.83 259,526,644.82 216,024,192.32 193,894,051.62 317,378,366.41 276,557,930.21 296,120,613.28 274,424,635.21 597,361,111.24 536,084,575.03 512,144,805.60 468,318,686.83 5 23,267.00-1,166,257.84-1,736,968.02-1,166,257.84-1,713,701.02 1 27

160 2 () 500,000,000.00 500,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000.00 1,000,000.00 20,000,000.00 20,000,000.00 3 (+)(-) (%) (%) (%) 90,117,120.00 55.48% 17,510,400.00 10.78% 107,627,520.00 66.26% 700,000.00 90% 700,000.00 90% 16,000,000.00 80% 16,000,000.00 80% 1 2 3 1 8,511,991.19 10,238,899.48 8,511,991.19 10,238,899.48 28

2 2001 1,,, 317,378,366.41 2001 2002 4 2004 2004 6 30 38,027,372.59 2004 1,670,488.16 99,360,000.00 ;, 50,000,000.00 12 1819, 1,570.82, 5.2 / /, 1,525,000.00 4 () 1,065,649.45 1,113,189.35 0.42% 0.32% 20,000.00 88,337.60 0.09% 0.32% 46,909.73-11,418.88 0.22% -0.04% 1,525,000.00 2,697,437.60 23.32% 21.76% 1 500 500 2003 9 1 29

2 1,448,383.22 460,152.00 2004 3 44 2.5 14.20% 14.47% 0.343 0.491 4.52% 4.61% 0.109 0.081 3.77% 3.84% 0.091 0.125 3.90% 3.97% 0.094 0.072 OO 30

2004 6 30 : 2004.06.30 2003.12.31 114,555,398.51 76,206,805.68 150,330,974.15 115,343,719.95 - - - - 1,600,000.00 1,600,000.00 1,100,000.00 1,100,000.00 - - - - - - - - 256,470,885.21 256,470,885.21 344,779,576.79 347,904,060.84 21,800,454.35 61,654,642.70 27,876,596.43 47,679,960.61 223,824,032.78 195,792,713.13 157,641,372.54 135,824,904.59 - - - - 471,601,885.99 144,240,510.79 396,834,899.60 177,492,119.16 99,334.23 99,334.23 61,200.00 61,200.00 - - - - - - - - 1,089,951,991.07 736,064,891.74 1,078,624,619.51 825,405,965.15 237,265.89 9,505,006.63 237,265.89 10,671,264.47 - - - - 237,265.89 9,505,006.63 237,265.89 10,671,264.47 110,364,860.49 108,799,246.05 107,372,679.16 105,814,104.72 46,183,004.11 45,815,638.91 40,507,286.00 40,287,984.54 64,181,856.38 62,983,607.14 66,865,393.16 65,526,120.18 242,121.86 242,121.86 242,121.86 242,121.86 63,939,734.52 62,741,485.28 66,623,271.30 65,283,998.32 - - - - 52,536,573.28 52,536,573.28 38,852,452.31 38,852,452.31 - - - - 116,476,307.80 115,278,058.56 105,475,723.61 104,136,450.63 16,571,916.00 16,571,916.00 16,627,342.00 16,627,342.00 1,060,351.34 554,653.83 1,177,948.50 672,250.99 - - - - 17,632,267.34 17,126,569.83 17,805,290.50 17,299,592.99 31

- - - - 1,224,297,832.10 877,974,526.76 1,202,142,899.51 957,513,273.24 2004.06.30 2003.12.31 : 167,493,900.67 167,493,900.67 358,556,482.47 258,556,482.47 19,817,506.90 19,817,506.90 33,663,742.02 33,663,742.02 85,594,068.39 84,371,224.39 153,581,135.20 124,491,003.20 467,822,935.60 124,123,613.87 224,534,888.59 108,864,535.59 5,158,212.78 5,158,212.78 9,075,273.89 9,075,273.89 3,925,316.71 3,925,255.09 5,260,506.11 5,260,506.11 54,015.85 54,015.85 258,383.65 258,383.65 9,851,532.69 8,200,156.06-20,821,541.43-20,846,887.60 118,993.49 72,266.47 16,984.69 16,984.69 12,375,807.51 11,411,090.37 34,088,838.40 33,474,300.12 6,539,679.50 6,539,679.50 12,393,751.10 12,393,751.10 - - - - - - - - 1,275,940.30 1,275,940.30 1,746,060.07 1,746,060.07 780,027,910.39 432,442,862.25 812,354,504.76 566,954,135.31 50,000,000.00 50,000,000.00 10,000,000.00 10,000,000.00 - - - - - - - - - - - - - - - - 50,000,000.00 50,000,000.00 10,000,000.00 10,000,000.00 - - - - 830,027,910.39 482,442,862.25 822,354,504.76 576,954,135.31 2,316,935.18 2,608,499.65 162,437,120.00 162,437,120.00 162,437,120.00 162,437,120.00 - - 162,437,120.00 162,437,120.00 162,437,120.00 162,437,120.00 143,617,054.15 143,617,054.15 143,617,054.15 143,617,054.15 15,185,992.84 15,185,992.84 15,185,992.84 15,185,992.84 5,061,997.63 5,061,997.63 5,061,997.63 5,061,997.63 32

70,712,819.54 74,291,497.52 55,939,728.11 59,318,970.94 391,952,986.53 395,531,664.51 377,179,895.10 380,559,137.93 1,224,297,832.10 877,974,526.76 1,202,142,899.51 957,513,273.24 2004 1-6 : 2004 16 2003 16 597,361,111.24 597,361,111.24 512,144,805.60 512,144,805.60 536,084,575.03 536,084,575.03 468,318,686.83 468,318,686.83 5,611,278.14 5,611,278.14 4,849,096.82 4,849,096.82 55,665,258.07 55,665,258.07 38,977,021.95 38,977,021.95 1,483,338.17 1,483,338.17 573,754.54 573,754.54 30,306,955.27 29,398,622.59 13,713,980.42 12,487,149.32 6,796,498.13 6,049,680.25 8,553,148.97 7,608,770.05 2,325,047.39 2,322,940.49 3,625,529.71 3,625,529.71 17,720,095.45 19,377,352.91 13,658,117.39 15,829,327.41-0.00-1,166,257.84 23,267.00-1,713,701.02 - - - - 9,933.06 9,933.06 16,500.00 16,500.00 606,290.98 606,290.98 217,013.75 217,013.75 17,123,737.53 17,614,737.15 13,480,870.64 13,915,112.64 2,642,210.57 2,642,210.57 2,087,268.41 2,087,268.41-291,564.47-434,242.00 - - - 14,773,091.43 14,972,526.58 11,827,844.23 11,827,844.23 55,939,728.11 59,318,970.94 39,239,625.05 39,239,625.05 - - - 70,712,819.54 74,291,497.52 51,067,469.28 51,067,469.28 - - - - - - - - - - - - - - - - - - - - - - 70,712,819.54 74,291,497.52 51,067,469.28 51,067,469.28 - - - - - - - - - - - - - - - - 70,712,819.54 74,291,497.52 51,067,469.28 51,067,469.28 33

: 1. 2. 3. 4. 5. 6. 2004 1-6 : 860,238,941.85 631,394,973.12 23,443,997.50 20,743,997.50 11,834,685.39 11,834,685.39 895,517,624.74 663,973,656.01 677,885,006.65 576,230,592.95 16,287,226.17 15,436,774.51 17,196,929.52 6,074,512.07 33,103,298.74 31,190,078.87 744,472,461.08 628,931,958.40 151,045,163.66 35,041,697.61 - - - - - - 15,669,252.00 15,669,252.00-20,000,000.00 15,669,252.00 35,669,252.00 34

15,889,237.12 15,882,197.12 - - - 40,000,000.00 15,889,237.12 55,882,197.12-219,985.12-20,212,945.12 - - - - 124,677,340.76 124,677,340.76 - - 124,677,340.76 124,677,340.76 305,821,862.43 175,821,862.43 5,456,232.51 2,821,145.09 - - 311,278,094.94 178,643,007.52-186,600,754.18-53,965,666.76 - - -35,775,575.64-39,136,914.27 35

1 14,773,091.43 14,972,526.58-291,564.46 - -1,343,658.86-1,518,147.79 5,764,999.11 5,616,935.37 - - - - -38,134.23-38,134.23-5,854,071.60-5,854,071.60 - - - - 2,803,886.08 2,803,886.08-1,166,257.84 - - -74,766,986.39 33,251,608.37 11,166,657.47 16,990,685.00 198,830,945.11-32,349,848.01 - - 36

-0.00-0.00 151,045,163.66 35,041,697.61 2 - - - - - - - - 3 - - 114,555,398.51 76,206,805.68 150,330,974.15 115,343,719.95 - - - - -35,775,575.64-39,136,914.27 37

15,865,913.29-1,343,658.86 14,522,254.43 14,303,469.79 1,064,996.04 13,238,473.75 1,562,443.50 278,662.82 1,283,780.68 242,121.86 242,121.86 242,121.86 242,121.86 16,108,035.15 - - 1,343,658.86 14,764,376.29 38