1 2 4 7 9 10 11 12 20 24 66

HENGDA REALESATE CO.,LTD. HDR 13 0898 66729955 0898 66787711 hengdadichan2003@yahoo.com.cn new_energy@163.net 13 570125 http://www.cninfo.com.cn 000502 2003 6 4600001003954 460100201285073 19 CMEC 12 1

60,814,656.20 52,039,720.72 51,797,679.52 102,041,301.48-65,665,621.45-5,093,006.45-242,041.20 39,067,881.65 42,913,395.90 296,542.91-3,001.71 51,500.00 242,041.20 2

2003 2002 2001 233,084,448.29 7,145,663.20 15,747,800.60 15,747,800.6 52,039,720.72 2,560,560.67-43,232,594.97-48,636,871.43 475 752 023.78 363,760,538.75 357,733,727.89 352,014,916.82 ( 237 779 601.97 190,583,399.66 186,173,304.73 180,969,128.07 ) / 0.3343 0.0164-0.2777-0.3124 / 1.5275 1.2243 1.1960 1.1625 / 1.4970 1.2197 1.1499 1.1164 0.2510-0.1321 0.0038 0.0038 % 21.8857 1.34-23.22-26.88 42.9142 47.6424 0.6555 0.6555 27.6162 30.6589 0.4218 0.4218 21.8857 24.2970 0.3343 0.3343 21.7839 24.1840 0.3327 0.3327 3

( ) 155,668,513 264,901,130.43 26,968,504.84 11,950,445.6-268,905,194.21 190,583,399.66 501,303.55 6,367,844.08 6,367,844.08 229,796,628.54 243,033,620.25 150,788,402.98 26,968,504.84 5,344,821.96 12,735,688.16 195,837,417.94 155,668,513 114,614,031.00 6,367,844.08 18,318,289.68-5,344,821.96-51,844,253.83 237,779,601.97 1 2 3 4 5 6 1 + 144,416,908-25,449,550-25,449,550 18,967,358 44,416,908-25,449,550-25,449,550 18,967,358 4

254,092,596 +25,449,550 +25,449,550 79,542,146 3 315 315 4 98,509,819 98,509,819 1 56,945,074 56,945,074 2 3 4 213,620 213,620 57,158,694 57,158,694 155,668,513 155,668,513 25,449,550 25,449,550 2 1 2003 12 31 9794 2 10 2003 12 31 (+ -) (%) 1 41,864,466 26.89 2 25,449,550 +25,449,550 16.35 3 5,602,667 3.60 4 3,103,713 1.99 5 3,000,000 1.93 6 2,333,911 +2,333,911 1.50 7 1,800,000 1.16 8 1,470,000 0.94 5

9 1,320,000 0.85 10 1,000,000 0.64 2003 1 25,449,550 2003 1 28 3 10 4 10 1 1996 2 3000 90% 1958,1997 2 10% 2000 12 5000 5 10 2003 12 31 1 2,333,911 A 2 315,500 A 3 301,100 A 4 246,749 A 5 226,316 A 6

6 220,465 A 7 212,055 A 8 205,400 A 9 196,900 A 10 196,546 A 10 1 40 2003.6 2005.11 0 0 2002.11 46 0 0 2005.11 36 2002.11 0 0 2005.11 50 46 33 71 40 36 2002.11 2005.11 2002.11 2005.11 2002.11 2005.11 2003.7 2005.11 2002.11 2005.11 2002.11 2005.11 41 2002.11 2005.11 40 33 2002.11 2005.11 2003.6 2005.11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7

41 2003.5 2004.3 39 2004.3 35 2004.3 0 0 0 0 0 0 2 1 2003 4 29 4 30 5 30 2003 4 29 2 833,000 520,500 520,500 50,000 / / 10,000 100,000 10 100,001 200,000 3 200,000 220,000 1 3 1 8

2002 2003 2003 5 30 7 5 2 2003 4 29 3 2003 6 4 4 ( ) 119 24 18 20 57 89 55 2003 1 9

2 3 4 5 2003 4 18 2003 2003 5 18 36 2 67,314,016 43.24% 2003 5 20 2003 4 29 2002 2003 5 29 36 1 41,864,466 26.89% 2002 2002 2002 2002 2002 10

2003 2003 5 30 2003 6 4 2003 2003 7 4 36 1 41,864,466 26.89% 2003 7 5 2003 6 12 2003 2003 7 12 36 2 67,314,016 43.24% 2003 7 15 1 1 2 233,084,448.29 102,041,301.48 11

233,084,448.29 102,041,301.48 233,084,448.29 102,041,301.48 233,084,448.29 102,041,301.48 3 10 ( ) ( ) (%) 233,084,448.29 118,443,969.52 49.18 4 233,084,448.29 3161.9% 102,041,301.48 3154.84% 2 90 8,000 7,132.82 100% - 1,000-53.37 95% 100 90.1 100% 60-360.14 3 12

56.62% 6.06% 4 1 2 5 2003 2003 130,357,500.00 233,084,448.29 78.80 28,173,144.85 60,814,656.20 115.86 21,989,232.85 52,039,720.72 136.66 1 2 3 1 2 1 1,000 2 13

60 3 3,200 2004 3 11,300 2,440 H 2004 5 1,300 2004 2 1 2003 2003 % 475,752,023.78 363,760,538.75 30.79 237,779,601.97 190,583,399.66 24.76 2003 2002 2003 2002 % 102,041,301.48 3,128,507.47 3161.66 52,039,720.72 2,560,560.67 1932.36 42,913,395.90 23,302.36 184059.01 1 2 2003 3 4 2 1 14

2 3 4 1 1 2003 16 2003 1 22 2 2003 4 23 2002 2002 2002 2002 2002 2003 2002 2003 4 29 3 2003 4 27 OO 2003 4 29 4 2003 5 19 15

5 2003 30 OO 2003 6 4 6 2003 11 OO 2003 6 12 7 2003 8 15 2003 8 18 8 2003 9 19 9 2003 10 26 2003 10 28 2 2002 2003 2004 3 26 2003 2003 52,039,720.72 2003 16

[2004]036 2003 [2003]56 1. 2003 12 31 2003 2,410,000.00 3,026,695.00 2. 2003 12 31 43,628.96 3. 2003 5 18 90% 2003 12 31 21,204,647.07 2003 12 31 484,000.00 677,717.05 149,097.27 17

185,885.32 21,204,647.07 22,701,346.71 2003 12 31, 1 2 3 4 [2003]56 2003 2003 12 31 50% 18

2003 1 2003 1 16 2003 1 22 2 2003 4 24 2002 2002 2002 2003 4 29 3 2003 8 15 OO 2003 8 18 1 2 19

3 4 5 20 1 6,025,550 6,025,550 68,600 2002 7 31 2002 12 5 2003 5 17 2003 2003 2 3,200 3,200 259,510 2,800 2002 10 9 2003 10 9 2003 2003 3 2003 7 (1998) 9 90% 20

2003 7 11 2003 2003 2003 1 90% 2002 11 30 142,630,471.54, 1.539 2003 233,084,448.29 52,039,720.72 100 2003 1 22 2003 4 18 2003 5 20 2003 8 30 2003 9 18 2003 10 18 2003 11 15 2003 1 21

2 6,515,885.02 6,515,885.02 3 62,962,203.82 165,879,810.35 153,900,000.00 90 11,269,528.46 2003 4 18 4 34,938,509.40 34,359,051.64 34,938,509.40 28 9,358,261.00 9,358,261.00 9,358,261.00 20,340,033.38 20,340,033.38 77,993,667.76 77,863,000.00 77,993,667.76 5 22

2003 12 31 2002 12 31 3,026,695.00 2,410,000.00 484,000.00 677,717.05 149,097.27 21,204,647.07 185,885.32 25,730,044.71 43,628.96 1 2 3 1 2 3 4 5 6 23

/ 2002 2003 60 20 40 1 2002 " " " " " " " " 2002 11 29 2002 12 31 2003 1 8 2 2003 11 24 13 2003 11 21 2003 [2004]066 2003 12 31 2003 24

2003 2003 12 31 2003 25

2003 12 31 : 5.1 44,018,949.14 1,105,553.24 5.2 450,000.00 5.3 46,820,142.48 5.4 8,388,510.28 41,371,874.45 5.5 34,650,165.39 70,802,602.82 5.6 146,010,704.09 37,066,753.78 5.7 72,651,147.81 352,989,619.19 150,346,784.29 5.8 79,950,879.37 44,053,337.76 5.9 20,113,821.79 92,764,969.60 100,064,701.16 136,818,307.36 5.10 24,717,090.16 94,160,851.68 5.10 2,278,861.71 6,429,957.48 22,438,228.45 87,730,894.20 11,135,447.10 22,438,228.45 76,595,447.10 22,438,228.45 76,595,447.10 259,474.98 259,474.98 475,752,023.78 363,760,538.75 26

2003 12 31 : 5.11 15,690,455.00 57,990,455.00 5.12 20,128,513.97 7,471,908.55 5.13 17,280,252.55 140,569.83 4,217,850.17 3,292,955.23 8,516.69 8,516.69 175,298.75 5.14 5,858,027.94 6,140,330.07 259,743.42 140,395.74 5.15 44,747,788.39 41,721,178.12 5.16 19,209,618.54 55,994,906.66 5.17 65,000,000.00 192,576,065.42 172,901,215.89 5.18 30,000,000.00 5.19 274,040.00 274,040.00 30,274,040.00 274,040.00 222,850,105.42 173,175,255.89 15,122,316.39 1,883.20 5.20 155,668,513.00 155,668,513.00 155,668,513.00 155,668,513.00 5.21 114,614,031.00 264,901,130.43 5.22 24,686,133.76 38,918,950.44 18,318,289.68 11,950,445.60 5.23-5,344,821.96 5.24-51,844,253.83-268,905,194.21 237,779,601.97 190,583,399.66 475,752,023.78 363,760,538.75 27

2003 5.25 233,084,448.29 7,145,663.20 5.25 118,443,969.52 3,639,014.33 5.26 12,599,177.29 378,141.40 102,041,301.48 3,128,507.47 51,383.00 34,293.80 23,019,681.88 2,608,616.33 12,204,966.28 14,502,666.83 5.27 1,202,414.87 2,091,215.40 65,665,621.45-16,039,697.29 5.28-5,093,006.45 22,315,686.61 5.29 296,542.91 12,865.00 5.30 54,501.71 4,124,229.35 60,814,656.20 2,164,624.97 4,598,472.24 7,177,870.47-395,935.70 3,001,407.23 52,039,720.72 2,560,560.67-268,905,194.21-271,465,754.88 5.31 177,756,907.82-39,108,565.67-268,905,194.21 6,367,844.08 6,367,844.08-51,844,253.83-268,905,194.21-51,844,253.83-268,905,194.21 1 2 3 4 5 51,500.00 4,075,007.04 6 28

2003 178,999,813.72 5.32 20,412,034.04 199,411,847.76 66,503,447.58 6,166,879.01 17,092,942.68 5.33 70,580,696.84 160,343,966.11 39,067,881.65 17,578,967.75 450,000.00 18,028,967.75-18,028,967.75 30,000,000.00 30,000,000.00 5,000,000.00 3,125,518.00 8,125,518.00 21,874,482.00 42,913,395.90 29

2003 1 52,039,720.72 7,177,870.47 + 3,001,407.23 1,690,123.44 2,163,007.22 14,125.02 100,000.00 1,232,098.39-5,093,006.45 40,161,999.42-57,078,578.98-338,070.37 39,067,881.65 2 3 44,018,949.14 1,105,553.24 42,913,395.90 30

2003 12 31 : 305,223.31 393,939.29 6.1 5,176,802.16 41,099,932.45 1,428,340.00 70,802,602.82 3,944,772.50 37,066,753.78 72,651,147.81 83,506,285.78 149,363,228.34 6.2 224,094,133.20 44,089,118.51 6.3 20,113,821.79 92,764,969.60 244,207,954.99 136,854,088.11 1,670,071.98 94,160,851.68 1,390,372.67 6,429,957.48 279,699.31 87,730,894.20 11,135,447.10 279,699.31 76,595,447.10 279,699.31 76,595,447.10 327,993,940.08 362,812,763.55 31

2003 12 31 : 15,690,455.00 57,990,455.00 7,062,427.55 7,471,908.55 140,569.83 140,569.83 3,320,568.24 3,292,955.23 8,516.69 8,516.69 39,966.23 6,140,330.07 140,395.74 39,168,186.06 41,717,928.12 19,209,618.54 55,994,906.66 84,640,308.14 172,897,965.89 274,040.00 274,040.00 274,040.00 274,040.00 84,914,348.14 173,172,005.89 155,668,513.00 155,668,513.00 155,668,513.00 155,668,513.00 114,614,031.00 264,901,130.43 11,950,445.60 38,918,950.44 11,950,445.60 11,950,445.60-39,153,397.66-269,847,836.21 243,079,591.94 189,640,757.66 327,993,940.08 362,812,763.55 32

2003 6.4 106,226.30 418,152.00 6.4 2,866,884.37 2,442,606.19 8,000.00-2,760,658.07-2,032,454.19 34,293.80 2,380,774.59 7,398,593.30 1,232,934.15 2,096,317.09-6,374,366.81-11,493,070.78 6.5 59,351,402.15 17,196,682.90 12,000.00 12,865.00 51,504.61 4,083,457.04 52,937,530.73 1,633,020.08 52,937,530.73 1,633,020.08-269,847,836.21-271,480,856.29 177,756,907.82-39,153,397.66-269,847,836.21-39,153,397.66-269,847,836.21-39,153,397.66-269,847,836.21 1 25,667,035.49 2 3 4 5 51,500.00 4,075,007.04 6 33

2003 106,226.30 19,519,561.90 19,625,788.20 44,119.68 748,615.65 6,140,404.28 4,769,234.57 11,702,374.18 7,923,414.02 12,130.00 8,000,000.00 8,012,130.00-8,012,130.00-88,715.98 34

2003 1 52,937,530.73 + 1,347,719.96 1,232,098.39-59,351,402.15 333,673.02-8,578,356.40 20,002,150.47 7,923,414.02 2 3 305,223.31 393,939.29-88,715.98 35

2003 : 34,266,212.09 3,285,681.92 1,102,073.84 36,449,820.17 3,073,058.91 3,073,058.91 34,266,212.09 212,623.01 1,102,073.84 33,376,761.26 578,681.39 578,681.39 578,681.39 578,681.39 1,530,093.27 1,530,093.27 1,530,093.27 1,530,093.27 11,135,447.10 11,135,447.10 11,135,447.10 11,135,447.10 36

2003 1 2 155,668,513.00 155,668,513.00 3 4 5 6 7 8 9 155,668,513.00 155,668,513.00 10 11 264,901,130.43 263,051,596.17 12 13 14 15 16 17 18 19 501,303.55 1,850,352.96 20 150,788,402.98 818.70 21 150,788,402.98 22 114,614,031.00 264,901,130.43 23 24 26,968,504.84 26,968,504.84 25 26 6,367,844.08 27 6,367,844.08 28 29 30 31 32 33 26,968,504.84 34 35 36 37 6,367,844.08 26,968,504.84 38 6,367,844.08 3,822,972.98 39 40 41 42 11,950,445.60 11,950,445.60 43 6,367,844.08 44 6,367,844.08 45 46 47 18,318,289.68 11,950,445.60 48 49-268,905,194.21-271,465,754.88-50 52,039,720.72 2,560,560.67 51 177,756,907.82 52 12,735,688.16-53 -51,844,253.83-268,905,194.21 37

2003 % % / / 42.9142 47.6424 0.6555 0.6555 27.6162 30.6589 0.4218 0.4218 21.8857 24.2970 0.3343 0.3343 21.7839 24.1840 0.3327 0.3327 38

1 44,018,949.14 1,105,553.24 3881.62 % 450,000.00 46,820,142.48 8,388,510.28 41,371,874.45-79.72 % 34,650,165.39 70,802,602.82-51.06 % 146,010,704.09 37,066,753.78 293.91 % 79,950,879.37 44,053,337.76 81.49 % 24,717,090.16 94,160,851.68-73.75 % 2,278,861.71 6,429,957.48-64.56 % 15,690,455.00 57,990,455.00-72.94 % 20,128,513.97 7,471,908.55 169.39 % 17,280,252.55 140,569.83 12193 % 19,209,618.54 55,994,906.66-65.69 % 65,000,000.00 30,000,000.00 114,614,031.00 264,901,130.43-56.73 % 24,686,133.76 38,918,950.44-36.57 % 39

2 233,084,448.29 7,145,663.2 3161.90% 118,443,969.52 3,639,014.33 3154.84% 12,599,177.29 378,141.40 3231.87% 102,041,301.48 3,128,507.47 3161.66% 23,019,681.88 2,608,616.33 782.44% 1,202,414.87 2,091,215.4-42.5% -5,093,006.45 22,315,686.61-122.82% 296,542.91 12,865.00 2205.04% 54,501.71 4,124,229.35-98.68% 4,598,472.24 7,177,870.47-395,935.70-1912.89% 3,001,407.23 52,039,720.72 2,560,560.67 1932.36% 40

2003 ( ) 1 2003 1 3 1991 5 1991 38, 1991 5 23 14,154,298 1992 1995 94,276,190.00 2003 12 31, 155,668,513.00 1989 9 18, 4600001003954 2003 6 19 2 2.1 2.2 1 1 12 31 2.3 2.4 2.5 ( ) ( ) 41

2.6 3 2.7 2.7.1 (1) (2) 2.7.2 2.7.3 1 6% 1 2 7% 2 3 8% 3 10% 3 2.8 2.8.1 2.8.2 2.8.3 2.8.4 2.8.5 2.8.6 2.8.7 42

2.9 2.9.1 2.9.2 2.9.3 2.10 2.10.1 20% 20% 20% 20% 20% 50% 50% 10 2.10.2 2.10.3 43

, 2.11 2.11.1 1 2000 2.11.2 10% 20 40 2.25%-4.5% 8 11.25% 8 11.25% 5 8 18%-11.25% 25 4.00% 2.11.3 2.12 2.12.1 2.12.2, 3, 44

2.13 2.13.1 2.13.2 3 2.14 2.14.1 2.14.2 2.15 2.16 2.16.1 2.16.2 2.16.3 2.16.4 2.16.5 45

2.17 2.18 2.19 50% 50% 1995 11 2002 18 2003 10 3 5% 7% 5% 3% 15% 33% 2% 1998 26 15% [2003] 52001 2003 1 2003 12 2% 33% 4 46

RMB1,000,000.00 RMB950,000.00 95% RMB80,000,000.00 RMB72,000,000.00 90% RMB600,000.00 RMB180,000.00 30% 70% RMB10,000,000.00 RMB8,000,000.00 80% 20% 2003 5 18 90% 12.1 2003 5 19 2003.12.31 2003.5.18 277,753,807.62 259,761,517.52 1,893,266.40 2,420,000.00 14,136,336.10 3,137,501.96 259,474.98 233,800.00 113,289,062.03 116,127,192.28 30,000,000.00 70,000,000.00 150,753,823.07 79,425,627.20 2003.5.19 2003.12.31 229,923,610.00 103,620,554.77 75,926,668.11 4,598,472.24 71,328,195.87 47

5 5.1 23,395.31 50,822.28-43,995,553.83 1,054,258.18-57.10 8.2799 472.78 44,018,949.14 1,105,553.24 5.2 450,000.00 463,826.87 450,000.00 463,826.87 450,000.00 463,826.87 5.3 (1) % % % % 1 41,946,519.15 84.07 6 2,516,791.15 6 1 2 7,946,682.24 15.93 7 556,267.76 7 2 3 8 8 3 10 10 49,893,201.39 3,073,058.91 (2) 5%( 5%) (3) 10,480,884.00 21.01% 1 48

5.4 (1) % % % % 1 1,149,314.46 2.75 6 68,958.86 30,574,268.20 40.42 6-50 3,511,320.94 1 2 3,044,274.92 7.29 7 213,099.24 457,300.00 0.6 7 32,011.00 2 3 8 41,968,602.00 55.49 8-87.5 28,797,488.16 3 37,571,682.16 89.96 10-100 33,094,703.16 2,637,916.34 3.49 10-100 1,925,391.99 41,765,271.54 100 33,376,761.26 75,638,086.54 100 34,266,212.09 (2) 3 5,049,703.16, 3 32,071,979.00 28,000,000.00 (3) 32,071,979.00 76.79% 3 2,699,231.92 6.46% 1-2 1,905,528.22 4.56% 3 450,000.00 1.08% 3 428,750.00 1.03% 3 37,555,489.14 89.92% (4) 5% 5% 5.5 (1) (%) (%) 1 33,221,825.39 95.88 49,034,229.44 69.25 1 2 2 3 2,340.00 3 1,428,340.00 4.12 21,766,033.38 30.75 34,650,165.39 100.00 70,802,602.82 100.00 49

(2) 5% 5% (3) 1 1,426,000.00, 2,340.00, 1,428,340.00 5.6 (1) 111,597,455.80 578,681.39 28,892,098.89 578,681.39 446,635.8 42,250.80 147,463.42 33,881,733.35 7,131,355.00 516,097.11 1,579,730.48 146,589,385.48 578 681.39 37,645,435.17 578,681.39 (2) ( ) 25,827,367.18 25,827,367.18 5,716,056.66 16,675,903.75 112,923,727.92 6,237,417.90 2003.1 2004.2 1,300 12,918,469.23 1,488,713.68 2003.4 2004.3 3,650 31,922,009.37 486,482.88 H 2003.11 2004.5 4,520 24,410,051.28 G 2003.12 2004.9 6,415 110,985.29 4,455,098.89 4,455,098.89 24,437,000.00 111,597,455.80 186,294,294.30 50

(3) 2002.12 43,105,901.50 24,688,092.23 18,417,809.27 2003.6 114,263,769.02 98,868,199.94 15,395,569.08 7,131,355.00 7,063,000.00 68,355.00 50,237,256.50 114,263,769.02 130,619,292.17 33,881,733.35 2003 5 18 (4) 578,681.39 578,681.39 5 5.7 64,525,489.58 5.58% 2004.6.30 8,125,658.23 72,651,147.81 64,525,489.58 8,125,658.23 72,651,147.81 5.8 377,806.00 377,806.00 38,816,224.47 38,816,224.47 6,767,206.56 1,530,093.27 5,237,113.29 6,767,206.56 1,530,093.27 5,237,113.29 74,335,960.08 74,335,960.08 51

81,480,972.64 1,530,093.27 79,950,879.37 45,583,431.03 1,530,093.27 44,053,337.76 5.8.1 ( ) 37.7806 0.26% 377,806.00 377,806.00 377,806.00 377,806.00 5.8.2 1994 1,530,093.27 3% 1,530,093.27 2000 1,000,000.00 2000 4,237,113.29 7.36% 6,767,206.56 1,530,093.27 5.8.3 78,940,842.56 10 4,604,882.48 74,335,960.08 78,940,842.56 4,604,882.48 74,335,960.08 12.1 5.9 15,776,731.76 5.58% 2,337,090.03 18,113,821.79 2,000,000.00 2,000,000.00 17,776,731.76 2,337,090.03 20,113,821.79 5.10 1 839,636.07 11,098,584.60 328,909.70 11,609,310.97 520,000.00 9,634,626.00 10,154,626.00 51,080.00 1,088,900.25 10,800.00 1,129,180.25 129,886.00 80,330.00 49,556.00 92,174,000.00 92,174,000.00 52

576,135.61 1,812,864.82 614,583.49 1,774,416.94 94,160,851.68 23,764,861.67 93,208,623.19 24,717,090.16 2 305,631.89 22,982.32 328,614.21 418,275.00 616,065.78 4,908.80 1,029,431.98 476,733.47 47,928.29 436,198.27 88,463.49 274,935.19 143,092.22 131,842.97 5,143,774.87 1,237,362.85 6,381,137.72 85,542.25 651,215.88 36,249.07 700,509.06 6,429,957.48 2,850,490.31 7,001,586.08 2,278,861.71 87,730,894.20 22,438,228.45 3 11,135,447.10 11,135,447.10 11,135,447.10 2003 5 18 12.1 5.11 15,690,455.00 57,990,455.00 15,690,455.00 10.80% 5.12 20,128,513.97 7,471,908.55 (1) 5% 5% (2) 3 7,062,427.55 5.13 17,280,252.55 140,569.83 (1) 5% 5% 53

(2) 1 140,569.83 5.14 1,586,696.83 1,201,543.60 3,989,401.42 4,443,124.97 199,470.28 341,744.46 82,459.41 105,021.51 48,895.53 5,858,027.94 6,140,330.07 5.15 44,747,788.39 41,721,178.12 1 5% 5% 3,026,695.00 (2) 3 5,333,353.11 5.16 19,118,448.54 55,903,736.66 91,170.00 91,170.00 19,209,618.54 55,994,906.66 5.17 % 40,000,000.00 2002.07.25-2004.07.24 6.039 20,000,000.00 2002.08.12-2004.08.11 6.039 5,000,000.00 2002.09.02-2004.09.01 6.039 65,000,000.00 5.18 % 54

15,000,000.00 2003.8.21-2005.8.20 6.039 15,000,000.00 2003.7.15-2005.7.14 6.039 30,000,000.00 5.19 210,900.00 1991.8 30,000,000.00 3 63,140.00 274,040.00 5.20 98,509,819 98,509,819 1 18,967,358 18,967,358 2 79,542,146 79,542,146 3 315 315 57,158,694 57,158,694 1 213,620 213,620 2 56,945,074 56,945,074 155,668,513 155,668,513 1996 246 5.21 150,788,402.98 150,788,402.98 47,601,932.10 47,601,932.10 66,510,795.35 501,303.55 67,012,098.90 264,901,130.43 501,303.55 150,788,402.98 114,614,031.00 : 12.2 5.22 3,822,972.98 6,367,844.08 3,822,972.98 6,367,844.08 11,950,445.60 6,367,844.08 18,318,289.68 55

23,145,531.86 23,145,531.86 38,918,950.44 12,735,688.16 26,968,504.84 24,686,133.76 : 12.2 5.23-5,344,821.96 5.24 2002-268,905,194.21 177,756,907.82 : 52,039,720.72-39,108,565.67 12,735,688.16 2003-51,844,253.83 12.2 14,150,764.62 12,735,688.16 12,690,856.17 12,735,688.16-44,831.99 5.25 229,923,610.00 113,887,180.33 6,727,511.20 1,196,408.14 106,226.30 418,152.00 2,866,884.37 2,442,606.19 3,054,611.99 1,689,904.82 233,084,448.29 7,145,663.20 118,443,969.52 3,639,014.33 5.26 56

11,665,904.95 336,492.18 5% 583,295.16 23,554.45 7% 349,977.18 10,094.77 3% 8,000.00 12,599,177.29 378,141.40 5.27 1,232,098.39 2,096,586.83 124,939.97 6,480.83 18,331.66 76,924.79 1,109.40 1,202,414.87 2,091,215.40 5.28-417,887.27-1,784,473.57 25,540,110.23-4,675,119.18-2,003,195.61 4,483,020.64-3,919,775.08-5,093,006.45 22,315,686.61 5.29 240,632.69 12,865.00 55,910.22 296,542.91 12,865.00 5.30 51,500.00 4,075,007.04 57

40,772.31 4.61 2,997.10 8,450.00 54,501.71 4,124,229.35 5.31 177,756,907.82 12.2 5.32 240,632.69 181,145.49 19,990,255.86 20,412,034.04 5.33 19,529,282.65 331,522.93 1,135,278.56 688,812.07 1,544,187.24 1,822,427.30 542,690.07 1,028,886.03 2,338,360.40 41,619,249.59 70,580,696.84 6 6.1 (1) (%) % (%) % 58

1 403,120.39 1.05 6 24,187.22 30,284,968.20 40.19 6-50 3,493,962.94 1 2 345,043.00 0.90 7 24,153.01 457,300.00 0.61 7 32,011.00 2 3 10 41,968,602.00 55.70 8-87.5 28,797,488.16 3 37,571,682.16 98.05 10-100 33,094,703.16 2,637,916.34 3.50 10-100 1,925,391.99 38,319,845.55 100.00% 33,143,043.39 75,348,786.54 100.00 34,248,854.09 (2) 3 5,049,703.16, 3 32,071,979.00 28,000,000.00 (3) % 32,071,979.00 83.70% 3 1,905,528.22 4.98% 3 450,000.00 1.17% 3 428,750.00 1.12% 3 343,000.00 0.90% 2-3 35,199,257.22 91.87% (4) 5% 5% 6.2 377,806.00 377,806.00 38,816,224.47 38,816,224.47 225,246,420.47 1,530,093.27 223,716,327.20 6,802,987.31 1,530,093.27 5,272,894.04 225,624,226.47 1,530,093.27 224,094,133.20 45,619,211.78 1,530,093.27 44,089,118.51 6.2.1 ( ) 377,806 0.26% 377,806.00 377,806.00 377,806 377,806.00 377,806.00 6.2.2 2000 7.36% 4,237,113.29 4,237,113.29 1994 3% 1,530,093.27 1,530,093.27 1,530,093.27 2000 1,000,000.00 1,000,000.00 59

2002 95% 950 000.00-58,252.53 855,966.72 891,747.47 2003 90% 71,483,064.48 64,195,376.28 64,195,376.28 74,335,960.08 210,014,400.84 2003 30% -180,000.00-180,000.00 180,000.00 2003 80% 8,000,000.00-426,934.40-426,934.40 7,573,065.60 79,484,014.48 63,530,189.35 64,444,408.60 74,515,960.08 225,246,420.47 1,530,093.27 6.3 % 15,776,731.76 5.58 2,337,090.03 18,113,821.79 2,000,000.00 2,000,000.00 17,776,731.76 2,337,090.03 20,113,821.79 6.4 106,226.30 418,152.00 2,866,884.37 2,442,606.19 106,226.30 418,152.00 2,866,884.37 2,442,606.19 6.5 64,026,521.33-6,903,477.28 25,540,110.23-4,675,119.18-2,003,195.61 4,483,020.64 60

-3,919,775.08 59,351,402.15 17,196,682.90 7: 7.1 7.1.1 RMB30,000,000 26.89% RMB1,000,000 95% RMB80,000,000 RMB10,000,000 80% 20% RMB600,000 30% 70% 7.1.2 RMB3,000 RMB100 RMB8,000 RMB 3,000 RMB 100 RMB8,000 RMB1,000 RMB1,000 RMB60 RMB60 7.1.3 61

41,864,466.00 26.89% 41,864,466.00 26.89% 950,000.00 95.00% 950,000.00 95.00% 72,000,000.00 72,000,000.00 90.00% 8,000,000.00 8,000,000.00 80.00% 180,000.00 180,000.00 30.00% 7.1.4 7.2 7.2.1 2003.5.19-2003.12.31 6,515,885.02 7.2.2 612,000.00 7.2.3 2003 12 31 2002 12 31 3,026,695.00 2,410,000.00 484,000.00 62

677,717.05 149,097.27 21,204,647.07 185,885.32 25,730,044.71 43,628.96 8 8.1 2000 12 13 33,134,000.00 [2000]80 33,134,000.00 2003 12 31 10,303,355.67 22,830,644.33 2001 9 17 2003 12 4 2,283.4 8.2 2002 11 29 [2002] 102 1999 9 1 416.73 10,387,966.62 1999 9 1 6,025,500.00 ( 1995 10 26 1,801,250.00, 1995 10 27 1999 11 30 600, 11% ; 1999 12 1, 6,025,550.00, ) 2003 5 6 [2003] 16 2003 63

9 15 2003 6 17 8.3 2003 9 28 [2002] 140 3,200 3,200 2,800 8.4 1998 11 10 [1998] 9 127,263,808.20 2002 2000 9 30 12,726,380.82 40 4,000 25,149,892.60 49,387,534.78 2003 6 20 [2003] 4-1 90% 9 10: 2004 3 26 2003 2003 11 11.1 2002 12 25 2002 4 89,203,498.76 64

34.5 19-31 820.97 2.4 2003 12 31 11.2 2003 501,303.55 51,500.00 501,303.55 51,500.00 501,303.55 51,500.00 12 12.1 2003 1 16 2002 11 30 142,630,471.54 90% 153,900,000.00, 11,269,528.46 2003 3 13 2003 4 17 ( [2003]6 ), 2003 5 18 2003 5 18 1 43,777,623.92 28% 34,376,873.02 9,400,750.90 2 75,036,721.28 3 20,340,033.38 4 11,269,528.46 5 90% 71,483,064.48 150,423,907.04 71,483,064.48 78,940,842.56 12.2 2003 5 29 2002 23,145,531.86 3,822,972.98 150,788,402.98 177,756,907.82 12.3 2003 6 6 65

90% 2003 7 14 12.4 2003 12 31 5 332.34 13 2004 3 26 66