2004 2004 8 3

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Guangdong Kangmei Pharmaceutical Co., Ltd KMYY 600518 515300 www.kangmei.com.cn kangmei@126.com 0663-2917777 8009 0663-2916111 kangmei@126.com http://www.sse.com.cn 1997 6 18 2003 6 25 4400001007149 445281231131526 555 10 2

1 302,001,061.31 289,723,163.62 4.24 247,099,291.48 261,452,257.61-5.49 764,923,289.55 704,688,669.37 8.55 472,823,998.07 442,436,411.76 6.87 4.452 6.249-28.76 4.337 6.044-28.24 1 6 32,157,586.31 25,542,666.23 25.90 31,555,446.53 25,822,628.23 22.20 0.303 0.361-16.07 % 6.80 6.13 0.67 30,031,469.73 46,081,044.47-34.83 2 52,776.00-74,896.20 72,176.06-297,916.08 850,000.00 602,139.78 1 52,800,000 5,280,00021,120,000 26,400,000 79,200,000 47,000,000 4,700,00018,800,000 23,500,000 70,500,000 5,800,000 580,000 2,320,000 2,900,000 8,700,000 2 3 4 52,800,000 5,280,00021,120,000 26,400,000 79,200,000 1 18,000,000 1,800,000 7,200,000 9,000,000 27,000,000 2 3 4 18,000,000 1,800,000 7,200,000 9,000,000 27,000,000 70,800,000 7,080,00028,320,000 35,400,000106,200,000 3

9 397 1 2 ( (%) ( ) ) 20,600,000 61,800,000 58.19 1,760,803 5,108,793 4.81 1,450,000 4,350,000 4.10 1,450,000 4,350,000 4.10 1,450,000 4,350,000 4.10 1,450,000 4,350,000 4.10 140,320 420,961 0.40 402,000 402,000 0.38 130,358 391,075 0.67 37,300 228,100 0.21 A B H ) 5,108,793 A 420,961 A 402,000 A 391,075 A 228,100 A 225,750 A 198,450 A 153,585 A 117,600 A 107,442 A 5% 20,600,000 61,800,000 4

0 0 2,900,000 4,350,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2004 4 27 2003 2004 6 5 2 2004 4 27 2003 2004 6 5 2004 4 28 6 8 1 25,937.57 13.29% 7,597.21 24.66% 3,215.76 25.90% 5

2 10% (%) 259,375,779.17 182,400,548.93 29.68 13.29 9.18 2.65 26,832,861.93 12,835,420.85 52.17-4.79-2.62 1.06 38,005,836.54 23,153,678.23 39.08-9.91-12.12 1.54 35,151,320.58 22,419,511.30 36.22-0.88-5.27 2.96 65,732,405.21 44,678,649.46 32.03 126.46 102.75 7.95 11,328,948.13-5.42 24,612,130.10 10.20 207,120,310.66 16.00 16,314,390.28 1.41 259,375,779.17 13.29 3, 4 5 6 10% 7 1 6

2001 21,646.80 7 20,509.5778 6,000 6,000 1,399.74 3,000 3,010.06 1,485.22 4,000 4,000 1,273.18 4,000 2862.7778 4,646.80 4,646.80 21,646.80 20,519.6378 4,158.14 2 1 4,450 36,300 2 1,500 2,419.73 161.32% 2003 2004 4 27 2003 2003 1 2003 12 31 70,800,000 10 0.25 ( ) 1 2 2003 12 31 70,800,000 10 4 2004 5 15 2004 5 29 2004 5 20 2004 5 26

1 2 3 4 [2003]56 [2003]56 50% 5% 5% 15 2004.01.06 500 25 http://www.sse.com.cn 2003 2004.03.19 24 http://www.sse.com.cn 2004.03.19 24 http://www.sse.com.cn 2003 2004.04.28 65 http://www.sse.com.cn 2003 2004.05.15 25 http://www.sse.com.cn 2004 2004.06.08 16 http://www.sse.com.cn 8

2004 8472463 : 2004 6 30 2004 1-6 2004 6 30 2004 1 6 1 2 3 4 9

2004 6 30 [ ] 2004.6.30 2003.12.31 1 93,478,826.38 108,441,680.05 - - - - - - - - 2 74,446,315.60 71,595,889.86 3 610,719.00 247,541.54 4 11,870,111.50 10,315,820.50 - - 5 121,595,088.83 99,122,231.67 - - - - - - 302,001,061.31 289,723,163.62 - - - - - - 6 432,018,995.88 368,035,339.11 6 76,990,591.02 66,584,357.78 6 355,028,404.86 301,450,981.33 6 2,666,637.71 2,666,637.71 6 352,361,767.15 298,784,343.62 - - 7 34,491,913.34 41,048,261.74 - - 386,853,680.49 339,832,605.36 8 64,069,626.98 60,831,799.12 9 11,998,920.77 14,301,101.27 - - 76,068,547.75 75,132,900.39 - - 764,923,289.55 704,688,669.37 : : : 10

2004 6 30 [ ] 2004.6.30 2003.12.31 10 145,000,000.00 160,000,000.00 - - 11 36,343,017.66 37,592,746.78 - - 1,191,993.51 929,265.49 2,128,858.22 2,137,811.15 12 10,049,855.37 8,563,469.21 13 74,054.17 93,791.88 14 1,686,442.20 1,473,079.00 15 625,070.35 662,094.10 - - 16 50,000,000.00 50,000,000.00 - - 247,099,291.48 261,452,257.61 17 40,000,000.00 - - - - - 18 5,000,000.00 800,000.00 - - 45,000,000.00 800,000.00 - - 292,099,291.48 262,252,257.61 19 106,200,000.00 70,800,000.00 20 199,819,660.04 228,139,660.04 21 28,427,512.76 28,427,512.76 9,475,837.59 9,475,837.59 22 138,376,825.27 115,069,238.96 1,770,000.00 472,823,998.07 442,436,411.76 764,923,289.55 704,688,669.37 : : : 11

2004 6 30 [ ] 2004 1-6 2003 1-6 23 259,375,779.17 228,944,437.10 24 182,400,548.93 167,062,591.62 25 1,003,090.82 940,565.29 75,972,139.42 60,941,280.19 - - 13,504,848.13 9,625,990.38 9,389,188.36 8,369,514.11 26 5,058,245.47 4,487,719.56 48,019,857.46 38,458,056.14 - - - - 52,776.00 13,888.00 27 74,896.20 295,500.00 47,997,737.26 38,176,444.14 28 15,840,150.95 12,633,777.91 32,157,586.31 25,542,666.23 115,069,238.96 71,545,762.44 - - 147,226,825.27 97,088,428.67 147,226,825.27 97,088,428.67 - - - - 1,770,000.00 14,160,000.00 7,080,000.00 138,376,825.27 82,928,428.67 1-2 - - 3 - - 4 - - 5 - - 6 - - : : : 12

2004 6 30 2004 1 6 298,058,729.04-29 6,702,776.00 304,761,505.04 226,076,095.99 6,542,597.94 26,137,009.98 30 15,974,331.40 274,730,035.31 30,031,469.73 - - - - - 62,338,619.37 - - 62,338,619.37-62,338,619.37-100,000,000.00-100,000,000.00 75,000,000.00 7,655,704.03-82,655,704.03 17,344,295.97 : : : 13

2004 6 30 2004 1 6 - -14,962,853.67 1 32,157,586.31-72,176.06 10,406,233.24 1,478,122.14 2,302,180.50 - -37,023.75-6,392,520.00 - - -22,472,857.16-4,500,357.14 4,377,241.65-30,031,469.73 2 - - - 3 93,478,826.38 108,441,680.05 - - -14,962,853.67 : : : 14

% 16.07% 16.58% 0.715 0.715 10.16% 10.48% 0.452 0.452 6.80% 7.02% 0.303 0.303 6.67% 6.89% 0.297 0.297 : : : 2004 1-6 1,269,806.68 72,176.06 1,197,630.62 1,086,101.56 68,770.22 1,017,331.34 183,705.12 3,405.84 180,299.28 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,666,637.71 - - - - 2,666,637.71 - - - - - - 2,666,637.71 - - - - 2,666,637.71 - - - - - - - - - - - - - - - - - - 2,046,795.00 - - - - 2,046,795.00 - - - - - - 5,983,239.39 - - - 72,176.06 5,911,063.33 : : : 15

2004 1-6 1997 6 9 [1997]346 [1997]077, 3 2 1997 6 18 4400001007149 RMB52,800,0002001 2 6 A RMB70,800,000 2004 4 27 2003 2003 7,080,000.00 28,320,000.00 RMB106,200,000 1 1 12 31, -- -- 16

-- -- --- 1% 1 5% 1-2 30% 2-3 50% 17 3 80% -- --- --- --- -- -- -- -- -- -- --- 20% 20% 20% 20% 20% 20% ---

10 -- -- -- -- 2000 --, -- ( 5%) : (%) (1) 35 2.71 (2) 14 6.79 (3) 10 9.50 (4) 8 11.88 -- -- -- --- --- --- -- - 18

2004 19 -- --- --- --- -- --- 3 --- -- --- --- / --- / 100% -- -- -- -- ---- ---- ----

---- -- -- -- --- -- 17% 13% 7% 3% 33% -- -- 10% -- 5% -- -- 1 2004.6.30 2003.12.31 28,213.01 32,391.54 93,450,613.37 108,409,288.51 93,478,826.38 108,441,680.05 20

2 2004.6.30 2003.12.31 % % *a 73,475,566.14 97.37 734,755.66 67,865,931.32 93.37 678,659.31 1 1,293,268.00 1.71 64,663.40 4,163,562.72 5.73 208,178.14 1 2 649,188.12 0.86 194,756.44 636,640.38 0.88 190,992.11 2-3 44,479.68 0.06 22,239.84 14,712.00 0.02 7,356.00 3 1,145.00 0.00 916.00 1,145.00 0.00 916.00 75,463,646.94 100.00 1,017,331.34 72,681,991.42 100.00 1,086,101.56 : a. 1% b. 13,035,481.67 17.27% c. 5% 5% 3 2004.6.30 2003.12.31 1 569,737.78 72.02 5,697.38 214,751.16 49.80 2,147.51 1-2 4,785.00 0.60 1,435.50 - - - 2-3 100.00 0.01 50.00 9,502.00 2.20 15,962.81 3 216,395.50 27.37 173,116.40 206,993.50 48.00 165,594.80 791,018.28 100.00 180,299.28 431,246.66 100.00 183,705.12 :a 554,691.09 70.12% b 5% 5% 4 2004.6.30 2003.12.31 % % 1 8,654,361.50 72.91 7,104,820.50 68.87 1-2 4,750.00 0.03 300,000.00 2.91 21

2-3 300,000.00 2.53 - - 3 2,911,000.00 24.53 2,911,000.00 28.22 11,870,111.50 100.00 10,315,820.50 100.00 2 321.1 2 5 2004.6.30 2003.12.31 35,296,478.85-30,656,725.13-2,352,889.31-3,678,117.58-76,186,512.15-59,884,400.49-4,728,176.92-2,927,322.28 - - - 6,500.00 3,031,031.60-1,969,166.19-121,595,088.83-99,122,231.67-6 2003.12.31 2004.6.30 143,470,892.10 50,025,169.87-193,496,061.97 203,490,190.38 4,644,324.00-208,134,514.38 8,543,941.33 685,611.00-9,229,552.33 12,530,315.30 8,628,551.90-21,158,867.20 368,035,339.11 63,983,656.77-432,018,995.88 2003.12.31 2004.6.30 7,335,120.43 2,131,404.75-9,466,525.18 56,629,470.46 6,841,898.07-63,471,368.53 1,022,542.52 1,018,324.62-2,040,867.14 1,597,224.37 414,605.80-2,011,830.17 66,584,357.78 10,406,233.24-76,990,591.02 22

301,450,981.33 355,028,404.86 2,666,637.71 2,666,637.71 298,784,343.62 352,361,767.15 a 63,983,656.78 62,530,958.77 24,197,325.92 16,656,317.76 9,171,526.19 b c 23

7 2003.12.31 2004.6.30 (%) 30,000,000.00 28,627,778.34 - - 28 627 778.34 2,046,795.00 26,580,983.34 95.43 *a 23,880,539.56 9,000,000.00 15,197,325.92 24,197,325.92 - - 100.00 7,045,698.00 3,296,078.40 3,749,619.60 7,045,698.00 - - 100.00 15,999,892.00 2,000,000.00 14,656,317.76 16,656,317.76 - - 104.10 1,428,000.00 171,200.00 1,256,800.00 1,428,000.00 - - 100.00 8,863,221.33-9,171,526.19 9,171,526.19 - - 103.48 3,495,700.00-3,146,130.00-3,146,130.00 3,146,130.00 LC-2010 5,956,000.00-4,764,800.00-4,764,800.00 4,764,800.00 90.00 80.00 ERP 3,962,527.10-4,032,090.90 4,032,090.90 - - 101.76 100,631,577.99 43,095,056.74 55,974,610.37 62,530,958.77 36,538,708.34 2,046,795.00 34,491,913.34 a 2002 2,046,795.00 2003 b a 24

8 2003.12.31 2004.6.30 14,400,000.00 12,528,000.00 144,000.00 12,384,000.00 43 *a 5,515,000.00 1,098,611.21 459,583.32 639,027.89 8 *b 6,025,016.00 3,488,167.20 380,527.32 3,107,639.88 4 *c 44,685,200.00 43,717,020.71 446,851.98 43,270,168.73 48.5 *d 4,715,950.00 4,715,950.00 47,159.52 4,668,790.48 49.5 75,341,166.00 60,831,799.12 4,715,950.00 1,478,122.14 64,069,626.98 a 1997 11 8 ( ) 5,200,000 315,000.00 6 1999 3 6 b 1995 11 10 6,000,000 25,016 8 2000 9 95 c d e 9 2003.12.31 2004.6.30 *a 8,905,160.00 5,194,676.67 890,516.00 4,304,160.67 29 *b 2,276,364.00 1,783,151.80 227,636.40 1,555,515.40 41 *c 1,810,521.00 1,448,416.80 181,052.08 1,267,364.72 42 *d 3,443,856.00 3,443,856.00 573,976.02 2,869,879.98 30 *d 2,574,000.00 2,431,000.00 429,000.00 2,002,000.00 28 19,009,901.00 14,301,101.27 2,302,180.50 11,998,920.77 1 *a2001 12 5 25

*b2002 12 5 *c2003 1 5 2 *d 2004-2006 3 4 10 2004.6.30 2003.12.31 145,000,000.00 160,000,000.00 145,000,000.00 160,000,000.00 2 11 5% 5% 12 2004.6.30 2003.12.31 17% 13% 2,468,472.18 3,126,395.89 7% 172,793.05 218,847.72 33% 6,132,807.64 4,459,847.45 1,275,782.50 758,378.15 10,049,855.37 8,563,469.21 13 2004.6.30 2003.12.31 3% 74,054.17 93,791.88 14 5% 5% 15 2004.6.30 2003.12.31 325,070.35 362,094.10 300,000.00 300,000.00 625,070.35 662,094.10 16 2004.6.30 2003.12.31 50,000,000.00 50,000,000.00 2 17 2004.6.30 2003.12.31 40,000,000.00-40,000,000.00-2 26

18 2004.6.30 2003.12.31-800,000.00 5,000,000.00-5,000,000.00 800,000.00 [2003]1289 2003 500 19 2003.12.31 + - 2004.6.30 1 52,800,000.00 26,400,000.00 79,200,000.00 : - - - 47,000,000.00 23,500,000.00 70,500,000.00 5,800,000.00 2,900,000.00 8,700,000.00 2 - - - 3 - - - 52,800,000.00 26,400,000.00 79,200,000.00 1. 18,000,000.00 9,000,000.00 27,000,000.00 2. 3. 4 - - 18,000,000.00 9,000,000.00 27,000,000.00 70,800,000.00 35,400,000.00 106,200,000.00 2001 2 6 [2001]17 A 1,800 2001 2 6 26 12.57 1.00 A 18,000,000 216,468,000, 18,000,000 198,468,000 (2001) 30186 2003 2003 27

7,080,000.00 28,320,000.00 10 4 1 106,200,000 (2004) 2402763 20 2003.12.31 2004.6.30 *a 198,468,000.00-28,320,000.00 170,148,000.00 *b 29,671,660.04 - - 29,671,660.04 228,139,660.04-28,320,000.00 199,819,660.04 a 19 b 2001 A 1,800 2001 2 27 3 1 29,671,660.04 21 2003.12.31 2004.6.30 18,951,675.17 - - 18,951,675.17 9,475,837.59 - - 9,475,837.59 28,427,512.76 - - 28,427,512.76 22 2004.6.30 2003.12.31 115,069,238.96 89,245,762.44 32,157,586.31 51,204,090.02 10% 5,120,409.00 5% 2,560,204.50 7,080,000.00-1,770,000.00 17,700,000.00 138,376,825.27 115,069,238.96 23 2004 1-6 2003 1 6 112,872,186.65 123,573,309.38 35,151,320.58 35,462,959.62 38,005,836.54 42,184,497.95 28

26,832,861.93 28,182,479.60 65,732,405.21 29,026,555.20 80,771,187.31 76,344,572.52 259,375,779.17 228,944,437.10 a 65,457,799.63 25.24% b 2004 1 6 2003 1 6 11,328,948.13 11,977,611.11 24,612,130.10 22,333,241.76 207,120,310.66 178,545,730.38 16,314,390.28 16,087,853.85 259,375,779.17 228,944,437.10 24 2004 1 6 2003 1 6 69,324,066.66 78,932,224.54 22,419,511.30 23,666,312.17 23,153,678.23 26,346,705.92 12,835,420.85 13,181,424.49 44,678,649.46 22,036,442.65 68,397,832.81 66,093,924.43 182,400,548.93 167,062,591.62 25 2004 1 6 2003 1 6 7% 702,163.56 587,853.31 3% 300,927.26 352,711.98 1,003,090.82 940,565.29 26 2004 1 6 2003 1 6 6,355,496.25 4,806,225.00 456,880.62 326,323.76 850,000.00-9,629.84 7,818.32 5,058,245.47 4,487,719.56 29

[2003]233 2003 GMP 85 2004 4 27 2004 1 6 2003 1 6 74,896.20 295,500.00 74,896.20 295,500.00 28 2004 1 6 2003 1 6 33% 15,840,150.95 12,633,777.91 29 2004 1 6 5,800,000.00 850,000.00 52,776.00 6,702,776.00 30 2004 1 6 10,998,458.11 1,803,148.20 3,172,725.09 15,974,331.40 1.. 83,000,000.00 83,000,000.00. 30

58.19% 58.19%. 2 a 30,000,000 2004 4 19 2005 4 19 5.31% b 50,000,000 2003 12 22 2004 12 21 4.779% c 35,000,000 2003 12 11 2004 12 10 5.31% d 30,000,000 2004 1 6 2005 1 6 4.779% e 25,000,000 2002 12 19 2004 12 17 4.941% 25,000,000 2002 12 23 2004 12 17 4.941% 50,000,000 f 40,000,000 2004 3 26 2007 3 26 5.49% 1 1999 4 8 11(IL-11) 8,000,000 2004 6 30 3,600,000 4,400,000 2 1995 3 20 5,450,000 2004 6 30 3,211,000 2002 31

3 2003 12 21 11038 2004 1 1 2023 12 31 2004 1 1 2005 12 31 1,125,876 2006 1 1 2023 12 31 1,192,104 20 2003 12 4 2003 10 30 7150 2003 11 1 2023 10 31 858,000 2003 11 10 2003 10 32