2004 00-1 -

2004 3 3 6 7 11 12 12 17 19 21 22 23-2 -

2004 1 Nanjing Putian Telecommunications Co., Ltd. 2 3 1 86-25-52418518-2278;86-25-52409954 86-25-52409954 xzk@postel.com.cn 1 86-25-52418518-2258 86-25-52409954 sl@postel.com.cn 4 58 1 210012 www.postel.com.cn securities@postel.com.cn 5 www.cninfo.com.cn 6 B 200468 7 1999 5 28 : 000225 320121134878054 202 11 2004-55,269,918-47,845,419-49,003,272 157,712,646-2,269,211-48,351,911-3 -

2004-8,891,336 760,922 1,212,407 79,360,116 24,873,954 1 : 2004 / ( ) (47,845,419) /( ) - ( : ) 54,554 - (50,209) - (4,596,260) - 3,434,062 - (49,003,272) 2 2004 2004 12 31 (47,845) 337,568 8,103 2,380 IAS39 12,281 - (27,461) 339,948 2004 2003 2002 851,292,564 818,647,480 625,872,035-47,845,419 2,516,785-58,926,612 945,896,031 1,042,044,029 995,805,817 337,567,907 378,645,968 373,952,013-0.223 0.012-0.274-0.228-0.039-0.291 1.570 1.761 1.739 1.498 1.69 1.662 0.3691 0.3150 0.489 (%) -14.17% 0.66% -15.76% 1 2-4 -

2004 % 46.72% 44.46% 0.7335 0.7335-14.32% -13.63% -0.2249-0.2249-14.17% -13.49% -0.2225-0.2225-14.52% -13.81% -0.2279-0.2279 215,000,000 182,257,858 24,970,637 9,638,844-43,568,505-14,022 378,645,968 6,876,771 1,349,203 415,056-47,845,419-39,619,445 1,349,203 109,413 1,458,616 215,000,000 189,134,629 26,319,840 10,053,900-92,763,127-123,435 337,567,907 : 10,469,030 18,558,300 2,818,994 26,208,336 7,981,960 12,696,970 2,371,974 18,306,956 2,487,070 5,861,330 447,020 7,901,380 27,748,142 42,033,498 12,221,054 12,221,054 57,560,586 14,328,852 37,208,587 1,117,492 1,117,492 50,419,947 13,419,290 4,824,911 11,103,562 11,103,562 7,140,639 12,000 12,000 12,000 12,000 5,400,985 255,621 5,656,606 2,381,542 2,381,542 1,113,590 255,621 1,369,211 295,101 295,101 43,630,157 61,142,520 0 12,221,054 15,040,048 89,732,629 1-5 -

2004 + - 1. 115,000,000 115,000,000 : 115,000,000 115,000,000 2. 3. 4. 115,000,000 115,000,000 1. 2. 100,000,000 100,000,000 3. 4. 100,000,000 100,000,000 215,000,000 215,000,000 2 1 2004 12 31 18518 1 B 18517 2 (%) 1 115,000,000 53.49% 0 0 2 B 1,242,368 0.58% 175,500 THE MTBJ LTD AS TRUSTEE FOR 3 UFJ PARTNERS MAINLAND B CHINA FUND 638,588 0.30% 4 B 460,000 0.21% 5 B 410,542 0.19% 211,342 6 AILEEN YUE B 410,400 0.19% 7 B 351,837 0.16% 0 8 B 327,000 0.15% 47,000 9 B 322,900 0.15% 0 10 WONG LAI B 308,600 0.14% 0 11 B 285,600 0.13% 135,600 3-6 -

2004 1980 IP IC 1998 100% 53.49% 1 43 2003.6-2005.1 57 2003.6-2006.6 48 2003.6-2006.6 49 2003.6-2006.6 54 2003.6-2006.6 34 2003.6-2006.6 49 2003.6-2006.6 42 2003.6-2006.6 50 2003.6-2006.6 54 2003.6-2006.6 36 2003.6-2006.6 54 2003.6-2006.6 47 2003.6-2006.6 42 2003.6-2006.6 50 2003.6-2006.6 41 2003.6-2006.6 44 2003.6-2006.6 39 2003.6-2006.6-7 -

2004 2004 2005 2005 1 2005 1 11 2 2001.12 2004 3 2003 7 2001.12 2001.11 2003 6 3-8 -

2004 4 2004 43 1983 57 1967 48 1977 2001 49 1985 54 1968 34 1991 49 1985 42 1983 50 1985 54 1977 36 1991-9 -

2004 54 1994 47 42 50 0 41 44 39 5 1 2004 2 2004 1,253,260 310,488 517,983 3 10 10 15 15 4 2004 3 5 6 2004 5 9 2004 1861 296 591 365 227 245 137 328 179 502 852-10 -

2004 625 1 10 9 1 10 9 1 10 9 1 2 1 2 3 4 5 2003 2004 4 13 2004 5 28 2003 1 1 115,000,000 B 1 321,900 115,321,900 215,000,000 53.64% - 11 -

2004 1 2003 2 2003 3 2003 4 2003 5 2003 2003 6 2003 7 2004 5 29 1 85,129.26 3.99% 4784.54 2 1 2 2004 85,129.26 15,771.26 69,971.99 57,017.31 12,700.92 10,391.98 25,516.26 18,142.06 33,577.50 28,576.96 12,700.92 10,391.98 10,878.23 10,298.29 28,234.67 23,765.23 27,049.16 21,446.11 29,845.42 23,923.29 3 2004 1-12 -

2004 /( ) 99.458 34,205,148 134,813,887 % 190,463,821-13,631,268 12,000,000 69,905,739 102,512,663 4,989,794 51% 52,253,906 500,000 34,411,843-15,086,788 51.2% 73,541,178 1,930,000 100,484,011-3,324,686 91.16% 1,000,000 9,732,852 6,277,923-245,218 50.7% ( )5,000,000 16,176,051 19,532,350 1,298,151 2 10% CDMA 34% 90,000,000-24,365,024-8,284,108 (1090 ) 2004 4 2004 27232.40 42.31% 10014.43 11.76% 5 1 2 1 2004 11 10 103 3317 3420 97 3 3317 103 2 2004 9 22 P-COM 350 245 70% - 13 -

2004 P-COM 105 30% 2004 2003 945,896,031 1,042,044,029-96,147,998-9.23% 37,529,387 36,669,987 859,400 2.34% - 337,567,907 378,645,968-41,078,061-10.85% 24,873,954 29,187,197-4,313,243-14.78% 157,712,646 181,984,266-24,271,620-13.34% -2,269,211 111,903-2,381,114-2127.84% -8,891,336 3,526,700-12,418,036-352.11% 1,212,407 5,892,257-4,679,850-79.42% 760,922 1,091,274-330,352-30.27% - -47,845,419 2,516,785-50,362,204-2001.05% 1 2 3 4 5 6 1 2004 1 12 2 2004 3 31 1 2 36.02 1.18% 3 8.5 1.7% 3 2004 4 9 1 2003-14 -

2004 2 2003 3 2003 4 2003 2003 5 2003 6 7 2003 2004 4 13 4 2004 4 22 1 2004 2 5 2004 5 9 2004 5 12 6 2004 8 13 1 2004 2 2004 3 2004 4 5 49% 2004 8 17 7 2004 9 22 245 P-COM 8 2004 10 21 1 2004 2 22.36 9 2004 11 10 1 1048 33% 2 10 2004 12 21 2004-47,845,419-43,568,505-91,413,924-92,763,127 2004 2004-15 -

2004 2004 12 31 2004 2005 4 15 (2005) 1141 ( [2003]56 ) 2004 12 31 ( ) 2004 2004 ( ) 2005 4 15-16 -

2004 2004 200468 B 2004-12-31 2004-1-1 25,297,664 24,285,712 2,712,425 1,700,473 23,606,000 24,000,000 33,606,000 34,000,000 200468 B 2004-12-31 2004-1-1-30,299,152-31,971,548 278,341,804 276,669,408 200468 B 2004-12-31 2004-1-1 0-525,000 706,674 181,674 200468 B 2004-12-31 2004-1-1 0 1,037,394 352,832 1,390,226 2,612,340 5,300,000 0 2,687,660 200468 B 2004-12-31 2004-1-1 3,788,503 4,760,955 2,663,083 3,635,535 200468 B 2004-12-31 2004-1-1 0-7,848,475 8,077,773 229,299 200468 B 2004-12-31 2004-1-1 11,933,554 10,880,393 46,299,633 45,246,472 3,000,000 3,000,000 4,000,666 4,000,666 200468 B 2004-12-31 2004-1-1 54,096,453 54,760,889 15,693,665 16,358,100 200468 B ( ) 2004-12-31 2004-1-1 0 1,084,224 70,008 1,154,232 13,593,790 14,464,468 0 870,678 200468 B 2004-12-31 2004-1-1 20,022,047-4,800,197 37,940,080 13,117,836 10,000,000 10,000,000 7,000,000 7,000,000 200468 B 2004-12-31 2004-1-1 1,120,353 4,326,282 1,295,892 4,501,821 500,000 3,500,000 0 3,000,000 200468 B 2004-12-31 2004-1-1-6,563,482-7,936,939 30,398,745 29,025,288 200468 B 2004-12-31 2004-1-1 2,000,000 5,000,000 0 3,000,000 200468 B 2004-12-31 2004-1-1 1,760,497 1,434,440 7,934,168 7,608,111 0 0 5,000,000 5,000,000 200468 B 2004-12-31 2004-1-1-673,219-894,085 3,529,003 3,308,138 200468 B 2004-12-31 2004-1-1 0 0 207,567 207,567 - - 17 -

2004 2004 1 50% 2 6200 4900 14.52% 3 70% 2004.2.24-2004.8.24 3,000,000 2004.5.24-2004.11.24 4,000,000 2004.2.10-2004.7.2 3,500,000 10,500,000 4 2005 4 15 1 2004 4 9 2003 2003 2004 2003 2004 4 13 2 2004 4 23 2004 3 2004 8 13 2004 2004 8 17 4 2004 10 21 2004 1-18 -

2004 2 2005 2004 12 31 3 4 1 2004 11 10 1048 33% 34% 67% 2 2004 3 31 8.5 1.7% 49% 50.7% 3 2004 10 21 22.36 1.18% 1.18% 4 2004 3 31 1 2003-19 -

2004 54,556,192 2005 2 1 2 400 2004-5-25 2005-5-25 1 50 2004-5-25 2004-8-25 90 300 2004-2-24 2004-8-24 400 2004-5-24 2004-11-24 300 2004-8-13 2005-2-13 100 2004-11-9 2005-5-9 500 2004-11-25 2005-5-25 350 2004-2-10 2004-7-2 1000 2004-7-27 2005-7-23 1000 2004-8-20 2005-2-27 1000 2004-10-19 2005-4-18 200 2004-5-25 2004-12-25 200 2004-12-17 2005-12-17 200 2004-2-27 2005-2-27 200 2004-11-3 2005-11-3 2004 3 5% 5% 2 2004 2003 7 350,000 300,000 7 750,000 700,000 1-20 -

2004 (2005) 1141 ( ) ( ) 2004 12 31 2004 2004 12 31 2004 2005 4 15-21 -

2004 00-22 -

2004 2004 12 31 ( ) 2004 12 31 2003 12 31 2004 12 31 2003 12 31 (1) 199,970,516 224,304,676 124,372,570 150,202,780 (2) 363,497 0 0 0 (3) 9,353,862 5,006,258 5,049,147 0 0 0 3,904,102 3,947,427 (4) (1) 363,404,318 374,952,426 189,130,691 200,699,417 (4) (1) 18,728,572 19,946,100 117,872,325 185,843,295 (5) 6,227,430 10,591,805 2,172,497 4,015,848 (6) 162,462,089 206,094,401 40,279,856 52,035,689 298,460 572,846 6,240 216,964 760,808,744 841,468,512 482,787,428 596,961,420 (7) (2) 5,203,185 35,345,098 132,712,738 139,516,615 5,203,185 35,345,098 135,986,288 139,516,615 (2,380,041) (2,778,933) 0 0 ( ) 289,490,723 250,927,418 164,188,574 155,694,539 (153,132,249 (134,377,647 (86,452,120 (78,584,627 ( ) 136,358,474 116,549,771 77,736,454 77,109,912 (5,656,606 (5,400,985 (3,179,712 (3,179,712 ( ) (8) 130,701,868 111,148,786 74,556,742 73,930,200 (9) 3,197,658 2,753,191 3,197,658 2,578,713 0 0 133,899,526 113,901,977 77,754,400 76,508,913 (10) 44,254,394 49,334,120 33,822,707 38,397,776 (11) 1,730,182 1,994,322 471,786 867,050 0 0 45,984,576 51,328,442 34,294,493 39,264,826 945,896,031 1,042,044,029 727,549,059 852,251,774-23 -

2004 2004 12 31 ( ) ( ) 2004 12 31 2003 12 31 2004 12 31 2003 12 31 (12) 266,000,000 300,000,000 220,000,000 235,000,000 (13) 83,200,000 95,520,000 83,200,000 90,200,000 (14) 158,282,608 162,952,216 38,135,434 83,623,427 (15) 5,663,606 12,065,542 314,187 1,227,181 121,615 774,062 1,898 442,101 0 801,107 0 0 (16) (4,581,280) (3,266,398) 2,078,570 35,173 (17) 15,170,852 22,209,652 6,711,178 13,465,372 (18) 17,116,475 19,478,199 3,738,424 13,865,946 224,093 374,060 2,000 0 (5) / 541,197,969 610,908,440 354,181,691 437,859,200 (19) 35,000,000 35,000,000 35,000,000 35,000,000 2,529,387 1,669,987 280,118 280,118 37,529,387 36,669,987 35,280,118 35,280,118 578,727,356 647,578,427 389,461,809 473,139,318 29,600,768 15,819,634 0 0 (20) 215,000,000 215,000,000 215,000,000 215,000,000 (21) 189,134,629 182,257,858 189,134,629 182,257,858 (22) 26,319,840 24,970,637 589,560 589,560 (22) 10,053,900 9,638,844 294,780 294,780 (23) (92,763,127) (43,568,505) (66,636,939) (18,734,962) (123,435) (14,022) 0 0 337,567,907 378,645,968 338,087,250 379,112,456 0 945,896,031 1,042,044,029 727,549,059 852,251,774-24 -

2004 2004 ( ) 2004 2003 2004 2003 (24) (3) 851,292,564 818,647,480 382,814,311 461,320,642 (24) (3) (691,346,314) (635,216,578) (301,856,258) (359,750,811) (25) (2,233,604) (1,446,636) (388,931) (206,200) 157,712,646 181,984,266 80,569,122 101,363,631 /( ) (26) (2,269,211) 111,903 (4,514,838) (1,286,310) (71,548,236) (79,417,161) (32,872,764) (39,421,943) (114,073,178) (88,584,297) (71,522,662) (41,908,486) - (27) (18,173,932) (20,234,832) (10,980,632) (16,866,703) /( ) (48,351,911) (6,140,121) (39,321,774) 1,880,189 /( ) (28) (4) (8,891,336) 3,526,700 (12,798,998) (4,899,833) 760,922 1,091,274 75,083 50,000 (29) 4,646,469 7,407,214 4,363,599 7,060,820 (29) (3,434,062) (1,514,957) (863,236) (1,091,916) /( ) (55,269,918) 4,370,110 (48,545,326) 2,999,260 (2,193,860) (2,141,036) 643,349 (539,034) 9,618,359 287,711 0 0 /( ) (47,845,419) 2,516,785 (47,901,977) 2,460,226 2004 2003 2004 2003 1. /( ) (54,554) 3,982,981 (54,554) 3,982,981 2. 3. /( ) /( ) 4. /( ) /( ) 5. 6. - 25 -

2004 2004 ( ) 2004 2003 2004 2003 /( ) (47,845,419) 2,516,785 (47,901,977) 2,460,226 (23) (43,568,505) (47,813,425) (18,734,962) (21,195,188) 0 2,651,500 0 0 (91,413,924) (42,645,140) (66,636,939) (18,734,962) (22) (934,147) (615,577) 0 0 (22) (415,056) (307,788) 0 0 (92,763,127) (43,568,505) (66,636,939) (18,734,962) (23) (92,763,127) (43,568,505) (66,636,939) (18,734,962) - 26 -

2004 2004 ( ) 1,021,170,635 458,310,334 859,400 0 57,839,024 57,363,996 1,079,869,059 515,674,330 (792,305,024) (339,969,789) (82,704,925) (46,316,520) (40,043,358) (15,697,873) (85,455,636) (43,734,230) (1,000,508,943) (445,718,412) 79,360,116 69,955,918 789,980 3,557,338 694,938 41,089 8,794,523 86,200 10,279,441 3,684,627 (11,609,973) (10,225,502) 0 0 (75,016) (10,640,016) (404,093) 0 (12,089,082) (20,865,518) (1,809,641) (17,180,891) 3,165,084 0 3,165,084 0 381,000,000 330,000,000 384,165,084 330,000,000 (415,000,000) (345,000,000) (21,841,605) (17,717,751) (1,287,800) 0 (436,841,605) (362,717,751) (52,676,521) (32,717,751) 24,873,954 20,057,276-27 -

2004 2004 ( ) ( ) 1. (47,845,419) (47,901,977) (9,618,359) 0 46,751,717 2,362,964 15,087,706 8,641,503 6,424,644 4,885,989 650,444 395,264 274,386 210,724 ( ) (167,967) 2,000 (42,789) (13,497) ( ) 20,553,805 17,717,751 8,891,336 12,798,998 ( ) 22,040,991 13,099,275 ( ) 48,029,376 78,974,714 ( ) (31,669,755) (21,217,790) 79,360,116 69,955,918 2. 3. ( (1)) 199,970,516 124,372,570 ( (1)) (175,096,562) (104,315,294) 24,873,954 20,057,276-28 -

2004 ( ) 1997 5 18 ( ) (1) (2) 1 1 12 31 (3) (4) (5) (6) - 29 -

2004 (7) (8) 10% (9) (a) (%) (%) 2 - - 2-3 10 20-30 -

2004 3-4 30 50 4-5 40 80 5-6 80 100 6 100 100 (b) (c) (10) (11) (a) 50% 20% 50-31 -

2004 2003 3 17 10 2003 3 17 10 (b) (12) 2001 1 1 / 15 35 3% 2.77% 6.47% 10 15 3% 6.47% 9.7% 6 8 3% 12.13% 16.17% - 32 -

2004 4 11 3% 8.82% 24.25% (13) (14) (a) 2001 1 1 (b) - 33 -

2004 (c) (d) (15) ( ) (16) (17) - 34 -

2004 (18) (19) (a) ( ) ( ) (b) (c) (21) (22) (1995)11-35 -

2004 (1) 17% 17% 3-5% (1) 2004 2003 (i) 15% 15% (i) 15% 15% 33% 33% (ii) 15% 15% (iii) - - 33% 33% (iv) 15% 15% (i) 15% 15% ( ) (v) 17.5% 17.5% (iii) - - (vi) 12% 12% 33% 33% (iii) - - 33% 33% (iii) - - 33% 33% (i) 15% - 36 -

2004 (ii) 15% (iii) (iv) (2003) 033 15% (v) ( ) 2000 12 1 2004 17.5% (vi) 24% 2001 2004 12% (1) 2004 ( ) ( ) 3,420.5 3,420.5 97 2.458 935 561 60-50 43.9 75 12.8 60-51 30.6 1,400 1,400 99 1 1,200 983.208 81.934 - ( ) 90-200 180 51-50 25.5 51.2 - - 37 -

2004 193 98.816 50 ( ) 43.5 87-1,000 911.6 91.16-180 81-45 CDMA 67-1,090 730.3 500 253.5 50.7 - ( ) 2004 3 2004 10 2004 ( (31) ) 2004 11 ( ) ( ) ( ) ( ) 33% 67% 2004 ( (30) - (a) ) 2004 6 ( ) 1.7% 50.7% 2004 ( (30) - (d) ) (2) 2004 50-220 110-38 -

2004 50% (1) 2004 12 31 2003 12 31 91,160 113,188 198,697,876 224,191,488 1,181,480-199,970,516 224,304,676 2004 12 31 2,527,852 8.2765 20,921,767 1,118,543 1.0637 1,189,794 585 11.2627 6,589 22,118,150 2004 12 31 2003 12 31 199,970,516 224,304,676 - (32,000,000) - (17,208,114) 199,970,516 175,096,562 (2) (3) 2004 12 31 2003 12 31-39 -

2004 6,182,761 5,006,258 3,171,101-9,353,862 5,006,258 (4) (a) 2004 12 31 2003 12 31 381,711,274 382,934,386 (18,306,956) (7,981,960) 363,404,318 374,952,426 2004 12 31 2003 12 31 (%) (%) 271,936,431 71-279,151,311 73-49,540,505 13-65,354,898 17-33,664,206 9 (4,016,811) 26,966,716 7 (2,893,547) 26,570,132 7 (14,290,145) 11,461,461 3 (5,088,413) 381,711,274 100 (18,306,956) 382,934,386 100 (7,981,960) 2004 12 31 5%( 5%) 25,894,448 (2003 26,877,591 ) 7% (2003 7%) (b) 2004 12 31 2003 12 31 26,629,952 22,433,170 (7,901,380) (2,487,070) 18,728,572 19,946,100 2004 12 31 2003 12 31-40 -

2004 (%) (%) 14,710,920 55-11,303,241 50-1,915,497 7 (300) 1,390,330 6 (20,168) 3,890,255 15 (2,798,321) 1,161,494 6 (1,718) 6,113,280 23 (5,102,759) 8,578,105 38 (2,465,184) 26,629,952 100 (7,901,380) 22,433,170 100 (2,487,070) 2004 12 31 5%( 5%) (5) 2004 12 31 2003 12 31 (%) (%) 5,108,425 82 7,117,139 67 879,612 14 729,484 7 68,741 1 2,546,732 24 170,652 3 198,450 2 6,227,430 100 10,591,805 100 2004 12 31 5%( 5%) (6) 2003 12 31 2004 12 31 42,536,929 48,319,617 18,105,547 22,336,475 173,200,067 149,366,583 233,842,543 220,022,675 (13,419,290) (4,824,911) 11,103,562 (7,140,639) (8,391) (5,059,443) 6,915 (5,060,919) (14,320,461) (32,149,144) 1,110,577 (45,359,028) (27,748,142) (42,033,498) 12,221,054 (57,560,586) 206,094,401 162,462,089-41 -

2004 2004 633,980,193 (2003 582,790,102 ) (7) 2003 2004 12 31 12 31 (a) 33,344,078 11,643,648 (42,184,453) 2,803,273 (b) (2,778,933) 398,892 - (2,380,041) (c) 4,791,953 - - 4,791,953 35,357,098 12,042,540 (42,184,453) 5,215,185 (12,000) - - (12,000) 35,345,098 12,042,540 (42,184,453) 5,203,185-42 -

2004 ( ) (7) ( ) (a) 2003 2004 12 31 12 31 2003 12 31 2004 12 31 2003 12 31 2004 12 31 2003 12 31 2004 12 31 15 49% 49% 9,800,000 9,800,000 (5,054,307) (2,242,420) (7,296,727) 4,745,693 2,503,273 ( ) 20 34% 67% 30,662,843 41,142,843 (6,113,743) (35,029,100) (41,142,843) 24,549,100-15 49% 50.7% 2,450,000 2,610,457 1,299,285 (3,909,742) (2,610,457) 3,749,285-10 30% 30% 300,000 300,000 - - - 300,000 300,000 43,212,843 53,853,300 (9,868,765) (41,181,262) (51,050,027) 33,344,078 2,803,273 (30) - (a) (d) - 43 -

2004 ( ) (7) ( ) (b) 2003 12 31 2004 12 31 (3,354,232) 10 1,023,237 (2,663,994) - 332,999 (2,330,995) (256,274) 10 76,881 (205,020) - 25,627 (179,393) 100,090 10 (20,018) 90,081 - (10,009) 80,072 62,843 10 (12,568) - 56,559 (6,284) 50,275 (3,447,573) 1,067,532 (2,778,933) 56,559 342,333 (2,380,041) (c) 2003 12 31 2004 12 31 15 3,750,000 15% 3,750,000 15% 20 420,915 10% 420,915 10% ( ) 30 321,038 2.26% 321,038 2.26% 300,000 1.6% 300,000 1.6% 4,791,953 4,791,953 (8) 2003 12 31 105,124,062 87,512,247 10,565,221 47,725,888 250,927,418 5,072,091 2,260,277 766,850 2,934,646 11,033,864 ( a) 3,956,267 24,343,389 172,948 5,178,127 33,650,731 ( ) ( b) 66,680 (175,590) (25,350) (232,055) (366,315) - (737,170) (598,099) (4,419,706) (5,754,975) 2004 12 31 114,219,100 113,203,153 10,881,570 51,186,900 289,490,723 2003 12 31 34,221,657 58,729,238 7,743,430 33,683,322 134,377,647-44 -

2004 4,240,771 4,386,096 967,492 5,493,347 15,087,706 ( a) 1,909,136 6,021,606 112,573 2,234,645 10,277,960 ( ) ( b) (1,101,099) (188,776) (1,079) (292,852) (1,583,806) - (668,209) (353,078) (4,005,971) (5,027,258) 2004 12 31 39,270,465 68,279,955 8,469,338 37,112,491 153,132,249 2004 12 31 74,948,635 44,923,198 2,412,232 14,074,409 136,358,474 2003 12 31 70,902,405 28,783,009 2,821,791 14,042,566 116,549,771 2003 12 31 2,381,542 1,113,590 22,344 1,883,509 5,400,985-255,621 - - 255,621 2004 12 31 2,381,542 1,369,211 22,344 1,883,509 5,656,606 2004 12 31 72,567,093 43,553,987 2,389,888 12,190,900 130,701,868 2003 12 31 68,520,863 27,669,419 2,799,447 12,159,057 111,148,786 (a) (b) (1) (21) - (b) (9) (10) 2003 12 31 40,823,957 31,332,561 72,156,518-310,920 310,920 ( (8) (a)) - 1,738,341 1,738,341 2004 12 31 40,823,957 33,381,822 74,205,779 2003 12 31 5,552,722 17,269,676 22,822,398 861,103 5,563,541 6,424,644 ( (8) (a)) - 704,343 704,343 2004 12 31 6,413,825 23,537,560 29,951,385-45 -

2004 2004 12 31 34,410,132 9,844,262 44,254,394 2003 12 31 35,271,235 14,062,885 49,334,120 11-42 1-7 (11) 2003 12 31 2,715,330 111,010 3,134,123 1,961,154 7,921,617 - - - 386,304 386,304 - (111,010) (25,809) (1,713,616) (1,850,435) 2004 12 31 2,715,330-3,108,314 633,842 6,457,486 2003 12 31 1,865,111 101,636 2,194,433 1,766,115 5,927,295 246,047 9,374 323,737 71,286 650,444 - (111,010) (25,809) (1,713,616) (1,850,435) 2004 12 31 2,111,158-2,492,361 123,785 4,727,304 2004 12 31 604,172-615,953 510,057 1,730,182 2003 12 31 850,219 9,374 939,690 195,039 1,994,322 1-3 - 1-2 1-20 (12) 2004 12 31 4.536% 6.37% (2003 4.779% 6.37%) (13) 2004 12 31 2003 12 31 83,200,000 75,520,000-20,000,000 83,200,000 95,520,000-46 -

2004 2004 12 31 5%( 5%) (14) 2004 12 31 5 ( 5 ) 2004 12 31 1,470,695 (2003 12 31 1,263,053 ) (15) 2004 12 31 5 ( 5 ) (16) 2004 12 31 2003 12 31 (6,226,447) (4,603,397) 1,122,508 1,029,136 208,967 64,206 154,676 58,617 159,016 185,040 (4,581,280) (3,266,398) (17) 2004 12 31 2003 12 31 15,068,991 21,579,755 101,861 629,897 15,170,852 22,209,652 1998 12 31 (18) 2004 12 31 5%( 5%) - 47 -

2004 (19) 5.76% (2003 5.76%) 2007 2 4 (20) 1 2003 12 31 2004 12 31 115,000,000 115,000,000 100,000,000 100,000,000 215,000,000 215,000,000 (21) 2003 12 31 2004 12 31 (a) (b) 140,480,996 - - - 140,480,996 50,247,684 - - - 50,247,684 16,731,590 5,722,984 730,494 423,293 23,608,361 2,000,000 - - - 2,000,000 ( ) 1,842,737 - - - 1,842,737 15,720 - - - 15,720 (29,131,069) - - - (29,131,069) 70,200 - - - 70,200 182,257 5,722,984 730,494 423,293 189,134,6 (a) 33% 5,577,824 (30) (a) (b) ( ) 2004 4 16 2005 1 730,494 (22) 2003 12 31 2004 12 31-48 -

2004 15,331,793 934,147 16,265,940 9,638,844 415,056 10,053,900 24,970,637 1,349,203 26,319,840 ( ) 10% 50% 25% 2004 (2003 ) ( ) 5% 10% 2004 (2003 ) 2004 (2003 ) (23) 2004 2003 (43,568,505) (47,813,425) / ( ) (47,845,419) 2,516,785-2,651,500 (934,147) (615,577) (415,056) (307,788) (92,763,127) (43,568,505) (24) 2004 2003 425,274,123 (313,552,949) 405,282,287 (279,213,307) 319,067,456 (293,247,124) 322,226,467 (285,031,597) 96,574,459 (77,890,712) 81,858,071 (62,783,887) 2,327,415 (2,402,879) 2,479,717 (2,288,905) 8,049,111 (4,252,650) 6,800,938 (5,898,882) 851,292,564 (691,346,314) 818,647,480 (635,216,578) - 49 -

2004 100,144,317 (2003 119,262,885 ) 12% (2003 15%) (25) 2004 2003 948,576 606,007 673,489 487,552 611,539 353,077 2,233,604 1,446,636 (26) / ( ) 2004 2003 13,992,699 (11,793,038) 8,996,660 (7,862,125) 7,831,276 (12,884,000) 62,453,932 (64,163,792) 691,682 (107,830) 746,460 (59,232) 22,515,657 (24,784,868) 72,197,052 (72,085,149) (27) - 2004 2003 20,553,805 21,839,639 (3,392,157) (2,416,193) 414,846 525,057 597,438 286,329 18,173,932 20,234,832 (28) / ( ) 2004 2003 (9,179,115) (685,624) (54,554) (812,277) - 4,919,209 - (123,951) 342,333 229,343 (8,891,336) 3,526,700-50 -

2004 (29) 2004 2003 (a) 3,780,000-340,186 126,267 128,702 7,013,146 397,581 267,801 4,646,469 7,407,214 (b) (1,853,066) (129,112) (599,514) - (295,101) - (255,621) - (85,913) (146,240) (25,000) (509,600) (319,847) (730,005) (3,434,062) (1,514,957) (a) ( ) ( ) ) ( ) 2004 11 2 3,780,000 (b) 2002 1,846,826 (30) (a) 2004 11 2 ( ) ( ) 33% 2004 12 20 28,095,367 20,609,795 518,656 (563,743) 48,660,075 33% - 51 -

2004 16,057,824 ( ) (5,577,824) 10,480,000 (15,332,626) 4,852,626 (b) 2004 11 ( ) 2.16% 2004 11 4 6,699,995 2.16% 144,719 ( ) (69,703) 75,016 (c) 2004 11 ( ) ( ) 1,030,000 34,205,148 3% 2004 12 10 35,553,510 3% 1,066,605 ( ) (36,605) 1,030,000 (d) 2004 4 15 ( ) 1.7% 2004 6 14 10,585,958 2,762,976 515,342-52 -

2004 (4,425,601) 9,438,675 1.7% 160,457 ( ) (75,457) 85,000 (4,026,897) 3,941,897 (31) 2004 10 99.5% (a) 126,796 7,988,991 75,568 8,191,355 (284,169) (36,321) 352,795 (93,913) (61,608) 8,129,747 (b) 8,089,098 8,034,544 8,089,098 (54,554) - 53 -

2004 (c) 86,200 (126,796) 40,596 (1) (a) 2004 12 31 2003 12 31 194,749,612 203,556,278 (5,618,921) (2,856,861) 189,130,691 200,699,417 (b) 2004 12 31 2003 12 31 (%) (%) 143,463,391 74-158,716,018 78-25,898,007 13-26,129,599 13-15,554,831 8 (1,555,483) 13,432,031 7 (1,343,203) 9,833,383 5 (4,063,438) 5,278,630 2 (1,513,658) 194,749,612 100 (5,618,921) 203,556,278 100 (2,856,861) (c) 2004 12 31 2003 12 31 147,266,863 186,605,905 (29,394,538) (762,610) 117,872,325 185,843,295 (d) 2004 12 31 2003 12 31 (%) (%) - 54 -

2004 140,376,810 95 (25,279,496) 178,526,030 95-1,230,700 1-1,153,859 1-3,552,080 2 (2,722,260) 973,782 1-2,107,273 2 (1,392,782) 5,952,234 3 (762,610) 147,266,863 100 (29,394,538) 186,605,905 100 (762,610) (2) 2003 12 31 2004 / 12 31 97,118,993 36,187,020 (3,459,456) (2,727,745) (8,089,098) 119,029,714 10,802,524 - (125,290) 1,552,605-12,229,839 33,344,078 (27,089,647) - (3,451,158) - 2,803,273 1,041,953 - - - - 1,041,953 (2,778,933) - - 398,892 - (2,380,041) 139,528,615 9,097,373 (3,584,746) (4,227,406) (8,089,098) 132,724,738 (12,000) - - - - (12,000) 139,516,615 9,097,373 (3,584,746) (4,227,406) (8,089,098) 132,712,738 2004 12 31 33% (3) 2004 2003 289,107,632 (213,755,046) 301,489,428 (213,277,659) 76,314,063 (72,186,085) 142,000,183 (130,298,047) 17,392,616 (15,915,127) 17,831,031 (16,175,105) 382,814,311 (301,856,258) 461,320,642 (359,750,811) (4) 2004 2003 13,086,777 9,105,873 - (4,919,209) - 123,951 ( (31) ) 54,554 812,277 ( (7) - (b) ) (342,333) (223,059) 12,798,998 4,899,833-55 -

2004 (1) 28 07-08 8 09 74 4 88 ( ) 391-403 30 28 B 2 168 07 ( ) 1 132 CDMA 1 132 ( ) (2) 2003 12 31 2004 12 31-56 -

2004 3,082,856,816-3,082,856,816 33,175,147 1,030,000 34,205,147 9,350,000-9,350,000 500,000-500,000 510,000-510,000 20,000,000 (20,000,000) - 14,000,000-14,000,000 12,000,000-12,000,000 ( ) 2,000,000-2,000,000 500,000-500,000 1,930,000-1,930,000 500,000-500,000 10,000,000-10,000,000 1,800,000-1,800,000 1,090,000-1,090,000 5,000,000-5,000,000 (3) : 2003 12 31 2004 12 31 % % % 115,000,000 53.5-115,000,000 53.5 33,175,147 100 1,030,0 (0.542) 34,205,147 99.458 5,610,000 60-5,610,000 60 439,000 87.8-439,000 87.8 306,000 60-306,000 60 19,900,000 99.5 (19,900,000) 99.5 - - 14,000,000 100 - - 14,000,000 100 9,832,080 81.934-9,832,080 81.934 ( ) 1,800,000 90 - - 1,800,000 90 255,000 51 - - 255,000 51 988,160 51.2-988,160 51.2 435,000 86.57-0.343 435,000 87 8,900,000 89 144,719 2.16 9,044,719 91.16 810,000 45-810,000 45 30,662,843 34 10,480,00 33 41,142,843 67 2,450,000 49 160 1.7 2,610,457 50.7-57 -

2004 (4) (5) (a) (b) 2004 2003 54,556,192 130,792,530 13,092,101 39,367,386 67,648,293 170,159,916 (c) 2004 2003 2,084,327 38,801,321-61,229,440 2,084,327 100,030,761 (d) 2004 2003 2,658,068 3,400,503 (6) 2004 12 31 2003 12 31 4,113,658 4,889,931 2,000,000 5,000,000-58 -

2004 22,320 1,954,400 2004 12 31 2003 12 31 15,938,000 15,560,000 2004 2003 / ( ) (47,845,419) 2,516,785 / ( ) - ( : ) 54,554 (3,982,981) - (50,209) (6,866,906) - - (1,091,274) - (4,596,260) (394,068) - 3,434,062 1,368,717-132,472 (49,003,272) (8,317,255) - 59 -