2004 SHAN DONG DONG-E E-JIAO CO., LTD 1
2
1.. 4 2.. 6 3.. 8 4.. 9 5.. 10 6.. 12 7.. 35 3
SHAN DONG DONG-E E-JIAO CO., LTD 1 2 3 78 4 0635-3264069 5 0635-3260786 6 liuxg@dongeejiao.com 7 800-8608388 3 1 78 2 78 3 252201 4 WWW.DONGEEJIAO.COM 5 webmaster@dongeejiao.com 1 2 WWW.CNINFO.COM.CN 3 1 2 3000423 1 1996 6 4 2 3 16813002-8 4 372500168130028 5 11 6 4
88 20 2004 6 30 2003 12 31 % 596,816,188.82 510,260,560.38 16.96% 127,149,629.97 121,805,387.07 4.39% 1,068,613,746.82 1,019,415,112.92 4.83% 925,025,525.22 882,378,709.57 4.83% 2.26 3.24-30.11% 2.25 3.22-29.99% 1-6 % 56,270,533.95 47,072,496.66 19.54% 55,997,705.99 48,301,291.37 15.93% 95,513,779.53 30,419,554.45 213.99% % 6.08 5.65 7.61% / 0.14 0.17-19.00% / 2.26 3.06-26% 1 0.207 / 3.395 2-521,669.68 588,474.86 206,022.78 5
2004 6 30 + - 1 80,720,923 16,144,185 24,216,277 40,360,462 121,081,385 2 3 4 80,720,923 16,144,185 24,216,277 40,360,462 121,081,385 1 191,753,443 38,350,688 57,526,033 95,876,721 287,630,164 2 3 4 191,753,443 38,350,688 57,526,033 95,876,721 287,630,164 272,474,366 54,494,87381,742,310 136,237,183 408,711,549 2003 2003 272,474,366 10 2 3 0.5 272,474,366 408,711,549 59,239 6
1 10% 2 2004 6 30 % 1 +40,360,462 121,081,385 29.62 2 -- - 3 -- - 4 -- - 4,878,792 1.19 4,172,971 1.02 3,609,931 0.88 5-3,149,440 0.77 6 -- - 3,006,081 0.74 7 -- - 2,780,946 0.68 8 -- - 2,634,172 0.64 9 -- - 2,358,742 0.58 10 -- +747,376 2,002,129 0.49 1 5% 5% 2004 6 16 2003 10 2 3 0.5 80,720,923 121,081,385 2 2004 6 30 7
1 -- 4,878,792 A 2 -- 4,172,971 A 3 -- 3,609,931 A 4 3,149,440 A 5 -- 3,006,081 A 6 -- 2,780,946 A 7 -- 2,634,172 A 8 -- 2,358,742 A 9 -- 2,002,129 A 10 1,863,811 A 2004 6 16 2003 10 2 3 0.5 1 48,042 72,063 +24,021 2 48,042 72,063 +24,021 3 9,604 14,406 +4,802 4 55,248 82,872 +27,624 5 200 300 +100 6 72,066 108,099 +36,033 7 4,799 7,198 +2,399 8 880 1,620 +740 9 5,397 8,096 +2,699 8
1 38,270 17.87% 18,434 18.83% 5,627 19.54% 10% 1 ( ), 25,090 65.56% 10156 59.52% 2 8,311 21.72% 8,137 2.10% 2 (%) 284,881,307.29 104,427,482.68 63.34% 22.68% 29.54% -2.97% 83,112,016.23 81,366,142.13 2.10% 3.88% 4.61% -24.47% 14,707,972.62 9,763,779.62 33.62% 18.02% 17.91% 0.20% 382,701,296.14 195,557,404.43 48.90% 17.87% 17.33% 0.49% 250,903,713.18 101,559,619.05 59.52% 15.23% 12.85% 1.45% 9,208,539.45 3,733,635.75 59.45% 28.61% 4.33% 18.89% 13,173,717.19 5,421,633.46 58.85% 28.48% -12.36% 48.34% 15,949,330.45 10,982,266.38 31.14% 23.26% 42.02% -22.61% 93,465,995.87 73,860,249.80 20.98% 22.06% 24.80% -7.63% 382,701,296.14 195,557,404.43 48.90% 17.87% 17.33% 0.49% 16,744.84 29% 22,007.40 13% 9
3 4 5 1 2 3 4 4000 1000 200 1 2000 7 2000 33,535.19 2003 2003 2,324.83 2 10
2004 4 29 2003 2003 2003 272,474,366 10 2 3 0.5 2004 6 16 2004 6 17 3,546.33 1 2 1 [2003] 56 2 [2003] 56 3 5% 5% 11
1 2004 3 2 2004 3 5 www.cninfo.com.cn 2 2004 3 21 2004 3 24 www.cninfo.com.cn 3 2004 4 10 2004 4 13 www.cninfo.com.cn 4 2004 4 29 2003 2003 2004 4 30 www.cninfo.com.cn 5 2004 5 13 www.cninfo.com.cn 6 2004 6 10 www.cninfo.com.cn 7 2004 6 12 2004 6 15 www.cninfo.com.cn (1) 12
2004 06 30 : 1 285,592,566.33 176,633,553.99 304,253,639.48 192,652,087.36 - - 2 31,384,891.68 52,234,466.24 31,688,767.68 50,671,581.31 3 19,649,094.61 42,358,308.92 48,705,820.46 62,703,398.46 4 169,867,098.80 144,368,220.21 83,999,052.37 67,196,481.39 5 22,527,245.41 27,515,583.02 26,220,806.32 37,750,124.61 - - - 6 53,107,652.59 50,514,418.04 101,799,904.19 98,858,572.82 7 - - 148,198.32 428,314.43 - - - - - - 582,128,549.42 493,624,550.42 596,816,188.82 510,260,560.38 : 8 225,784,716.04 225,784,716.04 111,000,000.00 111,000,000.00 225,784,716.04 225,784,716.04 111,000,000.00 111,000,000.00 : 9 255,800,110.45 271,953,013.85 370,721,600.67 387,257,205.52 : 73,930,207.59 72,126,762.90 105,490,133.62 99,133,962.95 181,869,902.86 199,826,250.95 265,231,467.05 288,123,242.57 : 12,764,135.57 13,217,177.62 14,750,089.70 15,203,131.75 169,105,767.29 186,609,073.33 250,481,377.35 272,920,110.82 - - 10 48,568,039.20 47,132,981.87 49,820,802.69 47,597,512.69-16,000.00 - -16,000.00-217,657,806.49 233,742,055.20 300,286,180.04 320,517,623.51 : 11 27,168,535.66 42,625,994.99 57,140,069.48 74,101,676.79 12 - - 3,371,308.48 3,535,252.24 - - - 27,168,535.66 42,625,994.99 60,511,377.96 77,636,929.03 : - - 1,052,739,607.61 995,777,316.65 1,068,613,746.82 1,019,415,112.92 (2) - - - - 13
2004 06 30 : 13 - - - 14 2,100,000.00 2,850,000.00 19,015,403.31 6,301,385.40 15 46,246,101.68 43,139,941.65 22,539,608.39 31,113,936.13 8,357,223.24 8,808,691.03 10,791,790.60 13,363,699.20 16 9,292,878.28 10,646,941.59 10,904,780.42 12,903,646.58 11,805,356.10 12,492,070.81 13,677,713.46 14,345,789.81 17 - - - - 18 16,026,817.06 8,830,085.29 18,184,189.60 11,363,804.15 19 35,539.94 290,685.39 112,724.09 351,286.59 20 34,464,971.24 30,709,699.60 27,247,887.45 31,869,527.29 21 4,049,762.27 37,443.89 4,675,532.65 192,311.92 - - - - - - - - - 132,378,649.81 117,805,559.25 127,149,629.97 121,805,387.07 : - - - - - - - - - - - - - - - - - - - : - - - - - - 132,378,649.81 117,805,559.25 127,149,629.97 121,805,387.07-16,438,591.63 15,231,016.28 22 408,711,549.00 272,474,366.00 408,711,549.00 272,474,366.00 : - - - 22 408,711,549.00 272,474,366.00 408,711,549.00 272,474,366.00 23 235,572,440.44 317,314,748.44 235,572,440.44 317,314,748.44 24 86,116,335.20 86,116,335.20 86,116,335.20 86,116,335.20 24 28,280,474.62 28,280,474.62 28,280,474.62 28,280,474.62 25 189,960,633.16 188,442,589.46 194,625,200.58 192,849,541.63 13,623,718.30 13,623,718.30 920,360,957.80 877,971,757.40 925,025,525.22 882,378,709.57 1,052,739,607.61 995,777,316.65 1,068,613,746.82 1,019,415,112.92 14
2004 1-6 26 260,112,252.63 230,212,621.55 382,701,296.14 324,677,007.08 26 105,293,254.80 98,016,922.35 195,557,404.43 166,674,566.11 2,143,229.26 2,385,224.00 2,806,242.74 2,873,090.13 152,675,768.57 129,810,475.20 184,337,648.97 155,129,350.84 27-11,668.14 45,318.65 635,915.04 277,156.46 : 63,688,674.23 57,268,511.82 71,534,640.97 62,585,947.92 25,657,671.52 15,735,561.44 33,250,929.47 22,469,563.04 28-1,829,498.45-970,195.80-1,563,629.03-118,319.24 65,147,253.13 57,821,916.39 81,751,622.60 70,469,315.58 29 12,955,899.48 10,479,743.72 206,022.78 204,474.86 588,474.86-30 35,309.84 68,108.72 212,391.25 141,087.23 31 648,395.96 1,262,917.13 734,060.93 1,369,881.94 77,694,541.35 67,106,851.70 82,024,450.56 69,240,520.87 : 32 21,681,622.65 20,034,355.04 24,546,341.26 21,779,390.57 1,207,575.35 388,633.64 56,012,918.70 47,072,496.66 56,270,533.95 47,072,496.66 188,442,589.46 120,464,317.28 192,849,541.63 124,057,975.24 - - 244,455,508.16 167,536,813.94 249,120,075.58 171,130,471.90 - - - - - - - - - - - - - - 244,455,508.16 167,536,813.94 249,120,075.58 171,130,471.90 - - - - - - - - - - - - 54,494,875.00-54,494,875.00-189,960,633.16 167,536,813.94 194,625,200.58 171,130,471.90 15
1 2 3 4 5 6 16
2004 1-6 1 352,292,151.48 480,736,548.11 3 104,474.86 204,474.86 8 23,641.70 848,306.29 9 352,420,268.04 481,789,329.26 10 115,196,305.96 214,511,377.45 12 13,079,142.81 18,335,639.76 13 52,736,909.85 66,886,258.58 18 83,068,239.83 86,542,273.94 20 264,080,598.45 386,275,549.73 21 88,339,669.59 95,513,779.53 22 - - 23 1,510,705.91 1,510,705.91 25 33,507,100.00 33,507,100.00 28 - - 29 35,017,805.91 35,017,805.91 30 15,671,817.51 20,212,608.26 31 35 36 15,671,817.51 20,212,608.26 37 19,345,988.40 14,805,197.65 38 40 43 2,536,948.56 2,547,010.89 44 2,536,948.56 2,547,010.89 45 46 188,882.05 188,882.05 52 1,074,712.16 1,075,553.90 53 1,263,594.21 1,264,435.95 54 1,273,354.35 1,282,574.94 55 56 108,959,012.34 111,601,552.12 17
1 57 56,012,918.70 56,270,533.95 58 484,688.38 256,699.44 59 6,225,833.54 11,815,504.67 60 408,857.99 2,232,005.97 61 163,943.76 ( ) 64 280,116.11 ( ) 65 4,012,318.38 4,483,220.73 66 67 68-1,829,498.45-1,563,629.03 69 45,761.54 45,761.54 70 - - 71-2,593,234.55-2,941,331.37 72 18,059,910.28 16,177,820.65 73 7,512,113.78 8,293,133.11 74 75 88,339,669.59 95,513,779.53 2 76 77 78 3 79 285,592,566.33 304,253,639.48 80 176,633,553.99 192,652,087.36 81 82 83 108,959,012.34 111,601,552.12 18
2004 1-6 8253692.01 884345.85 627646.41 8510391.45 4717035.1 627646.41 4089388.69 3536656.91 884345.85 4421002.76 1201124.8 1201124.8 1201124.8 1201124.8 15203131.75 453042.05 14750089.7 15203131.75 453042.05 14750089.7 19
1993 2 3 [1993] 25 1996 7 29 139,730,556 2000 8 209,595,667.20 2001 4 15 10 3 272,474,366.00 2004 6 408,711,549.00 1998 2000 2001 2002 2003 2004 3 1 2 1 1 12 31 3 4 5 20
6 7 A (1) (2) B (1) 1 1 5% 1-2 10% 2-3 20% 3 50% (2) 5% 8 9 10 A B 10 21
a. 20% 20% 20% b. 20% 20% 20% c. 50% C 11 (1) 2000 (2) 3% % 30-35 2.77-3.23 6-18 5.39-16.16 6-12 8.08-16.16 8 12.13 12 (1) (2) 13 22
14 (1) 10 (2) 15 16 A B 17 18 [1995]11 19 (1) 23
(2) 10% 50% (3) 5% (4) (5) 17% 5% 3% 33% 15,838,404.37 15,788,404.37 99.68% 36,000,000.00 35,950,000.00 99.86% 10,000,000.00 9,000,000.00 90% 2,000,000.00 1,200,000.00 60% 7,000,000.00 5,670,000.00 81% 2,600,000.00 2,550,000.00 98.08% 10,000,000.00 6,500,000.00 65% *1 300,000,000.00 60,000,000.00 13.33% *2 8,000,000.00 4,510,400.00 56.38% *3 600,000.00 540,000.00 90% *1 20 13.33 24
*2 2003 9 *3 2003 5 1: 212,019.74 320,336.28 * 304,041,619.74 192,331,751.08 304,253,639.48 192,652,087.36 * 1 96,788,762.00 2: 31,688,767.68 50,671,581.31 31,688,767.68 50,671,581.31 37.46% 3: % % 1 41,259,455.95 78.15 2,062,972.81 54,548,841.68 80.91 2,727,442.08 1-2 7,381,826.14 13.98 738,077.02 8,615,472.65 12.78 861,547.27 2-3 2,629,201.42 4.98 525,840.28 3,333,379.56 4.94 666,675.91 3 1,524,725.64 2.89 762,498.58 922,739.67 1.37 461,369.84 52,795,209.15 100 4,089,388.69 67,420,433.56 100 4,717,035.10 5%( 5%) 6,757,350.76 7.60% 4: (%) (%) 1 17,206,542.73 19.46 860,327.14 12,853,353.71 18.17 642,667.68 1-2 54,802,750.17 61.98 2,740,137.51 44,208,790.03 62.50 2,210,439.50 2-3 15,712,243.80 17.77 785,612.19 13,252,681.33 18.74 662,634.07 25
3 698,518.43 0.79 34,925.92 418,313.23 0.59 20,915.66 88,420,055.13 100 4,421,002.76 70,733,138.30 100 3,536,656.91 5%( 5%) 28,257,297.04 31.96% 5: 1 15,251,474.47 21,957,565.10 1 2 10,969,331.85 15,792,559.51 26,220.806.32 37,750,124.61 5%( 5%) 6: 35,897,732.45 31,957,732.01-24,186,721.17-22,124,074.52 22,664,355.67-11,385,714.05-2,535,355.68-9,317,740.69 1,201,124.80 67,891.62-700,794.77-16,413,531.79-24,537,763.38-34,315.81-35,878.20-101,799,904.19-100,059,697.62 1,201,124.80 99.06% 33% 7: 288,435.19 37,072.77 274,289.66 51,218.30 139,879.24 89,834.30 132,733.52 96,980.02 428,314.43 126,907.07 407,023.18 148,198.32 8: 26
111,000,000.00 - - - 111,000,000.00-111,000,000.00 - - - 111,000,000.00-16,000,000.00 10% 10,000,000.00 10% 60,000,000.00 13.33% 25,000,000.00 7.23% 111,000,000.00 9: 208,778,700.79 648,948.53 9,244,936.10 200,182,713.22 157,733,458.63 6,025,292.91 12,592,383.84 151,166,367.70 13,603,055.36 126,549.75 1,243,608.10 12,485,997.01 7,141,990.74 152,018.00 407,486.00 6,886,522.74 387,257,205.52 6,952,809.19 23,488,414.04 370,721,600.67 26,059,778.40 3,085,210.23 2,976,634.69 26,168,353.94 64,171,828.53 13,127,210.36 7,336,585.39 69,962,453.50 6,090,467.36 765,237.19 518,372.54 6,337,332.01 2,811,888.66 449,222.11 239,116.60 3,021,994.17 99,133,962.95 17,426,879.89 11,070,709.22 105,490,133.62 288,123,242.57 265,231,467.05 15,082,537.70 453,042.05 14,629,495.65 33,094.10 33,094.10 87,499.95 87,499.95 15,203,131.75 453,042.05 14,750,089.70 272,920,110.82 250,481,377.35 10: 27
1,480 20,406,219.71 5,709,820.43 2,145,541.72 4,455,249.75 19,515,248.67 98% 87.5 5,387,209.32 2,007,465.84 13,315.62 22,674.01 7,358,685.53 98% 14.15 2,294,176.61 743,095.95 - - 3,037,272.56 98% 5,061 464,530.82 481,229.51 433,504.51-512,255.82 96% 320 7,514,966.48 - - - 7,514,966.48 56% TPA 1500 11,530,409.75 351,963.88 - - 11,882,373.63 74% 47,597,512.69 9,293,575.61 2,592,361.85 4,477,923.76 49,820,802.69 11: 78 # 10,241,646.29 8,572,545.58 - - 107,156.82 8,465,388.76 40 100,000.00 18,611.20 - - 4,652.80 13,958.40 2 3,799,602.22 3,211,177.60 - - 19,114.15 3,192,063.45 42 1,111,553.60 1,219,019.60 - - 13,544.66 1,205,474.94 45 1,393,463.20 1,425,813.63 - - 15,842.38 1,409,971.25 45 EPO 17,809,457.45 9,364,480.83 - - 1,200,103.09 8,164,377.74 4 1,812,454.95 1,619,512.68 - - 17,743.83 1,601,768.85 45 1,123,760.00 841,708.72 - - 11,237.58 830,471.14 44 8,388,020.20 7,451,360.20 - - 83,880.00 7,367,480.20 45 750,000.00 685,714.26 - - 7,512.88 678,201.38 64 1,305,640.08 1,175,631.55 - - 12,880.55 1,162,751.00 46 1,101,200.00 1,016,268.76 - - 11,134.52 1,005,134.24 46 24,756,016.00 23,090,046.64-23,090,046.64 - - 45 1,532,288.00 2,829,614.08 - - 30,756.68 2,798,857.40 46 680,000.00 430,666.66 - - 35,888.88 394,777.78 6 5,324,670.00 4,989,635.07 - - 54,667.84 4,934,967.23 46 150,000.00 56,250.00 - - 44,802.00 11,448.00 2 198,000.00 72,367.00 - - 18,091.75 54,275.25 2 100,000.00 38,121.00 - - 10,002.00 28,119.00 2 151,221.30 113,415.95 - - 7,561.08 105,854.87 7 796,411.97 670,313.46 - - 59,932.34 610,381.12 8 114,285.00 167,409.00-22,828.50 144,580.50 3-4 3,249,600.00 3,213,493.32-54,160.02 3,159,333.30 29 1,869,000.00 1,828,500.00-233,625.00 1,594,875.00 4 ERP 4,529,219.53-4,529,219.53-113,230.49 4,415,989.04 10 3,831,225.77-3,831,225.77-41,656.13 3,789,569.64 50 96,218,735.56 74,101,676.79 8,360,445.30 23,090,046.64 2,232,005.97 57,140,069.48 12 3,535,252.24-163,943.76 3,371,308.48 5-7 13 - - 28
14: 19,015,403.31 6,301,385.40 5%( 5%) 201.77%. 15: 22,539,608.39 31,113,936.13 5%( 5%) 16: 10,904,780.42 12,903,646.58 17: - - 18: 8,474,044.86 14,266,820.75-2,498,724.87-6,796,518.40 465,508.43 538,024.30 168,871.13 277,024.46 4,046.00 4,046.00 114,498.36 274,585.33 5481.90 27,904.05-1,126,035.14 7,389.81 9,411.26 11,443,073.98 1,636,471.26 18,184,189.60 11,363,804.15 19 29
112,724.09 351,286.59 112,724.09 351,286.59 20: 27,247,887.45 31,869,527.29 5%( 5%) 21: 327,806.95 74,715.84-117,596.08 4,402.18-1,000,000.00-85,813.25-3,257,510.27-4,675,532.65 192,311.92 2331.22% 22: 2004 6 30 408,711,549.00 ( ) + - 1 80,720,923.00 40,360,461.00 121,081,384.00 2 3 4 80,720,923.00 40,360,461.00 121,081,384.00 ( ) 1191,753,443.00 95,876,722.00 287,630,165.00 244,509.00 122,255.00 366,764.00 30
2 3 4 191,753,443.00 95,876,722.00 287,630,165.00 ( ) 272,474,366.00 136,237,183.00 408,711,549.00 23: 278,553,147.67-81,742,308.00 196,810,839.67 38,761,600.77 - - 38,761,600.77 317,314,748.44-81,742,308.00 235,572,440.44 24: 57,835,860.58 - - 57,835,860.58 28,280,474.62 - - 28,280,474.62 86,116,335.20 - - 86,116,335.20 25: 192,849,541.63 56,270,533.95 54,494,875.00 194,625,200.58 (1) 56,270,533.95 (2), 54,494,875.00, 26: 250,903,713.18 217,750,681.33 101,559,619.05 89,991,693.38 149,344,094.13 127,758,987.95 9,208,539.45 7,160,222.87 3,733,635.75 3,578,812.59 5,474,903.70 3,581,410.28 15,949,330.45 12,939,814.84 10,982,266.38 7,733,029.52 4,967,064.07 5,206,785.32 13,173,717.19 10,253,886.24 5,421,633.46 6,186,013.37 7,752,083.73 4,067,872.87 93,465,995.87 76,572,401.80 73,860,249.79 59,185,017.25 19,605,746.08 17,387,384.55 382,701,296.14 324,677,007.08 195,557,404.43 166,674,566.11 187,143,891.71 158,002,440.97 40,320,939.97 10.54% 27: 31
1,777,663.86 1,810,937.74 1,028,578.88 1,062,152.39 2,806,242.74 2,873,090.13 28: 635,915.04 277,156.46 29: 1,039,327.19 1,926,297.55 2,594,867.29 2,073,070.79 172.63-40,544.54-32,282.98 28,454.00-1,563,629.03-118,319.24 1221.53% 30: 206,022.78-206,022.78-31: 388,474.86-200,000.00 588,474.86-32: 1,788.13-24,758.00 72,695.98 185,845.12 68,391.25 212,391.25 141,087.23 33: 32
136,910.00 10,000.00-198,688.25 468,728.05 30,000.00 128,422.88 727,412.13 734,060.93 966,100.38 34: 24,546,341.26 21,779,390.57 35 35,101,546.31 13,292,893.28 1,601,032.07 9,805,239.64 5,080,031.48 11,536,085.12 2,336,641.40 3,158,793.00 4,630,011.64 86,542,273.94 36: (%) (%) 1 13,828,546.82 62.80 691,640.80 35,220,931.30 77.26 1,761,046.57 1-2 4,141,958.06 18.81 414,195.81 7,574,810.74 16.62 757,481.08 2-3 2,532,297.59 11.50 506,459.52 2,285,633.18 5.01 457,126.64 3 1,517,176.55 6.89 758,588.28 505,175.97 1.11 252,587.98 22,019,979.02 100 2,370,884.41 45,586,551.19 100 3,228,242.27 33
5%( 5%) 37: (%) (%) 1 137,985,726.47 77.17 6,899,286.33 94,540,772.92 65.13 4,727,038.65 1-2 34,348,915.45 19.21 1,717,445.77 43,916,122.69 26.66 2,195,806.13 2-3 6,007,931.07 3.36 300,396.55 13,120,903.95 7.97 656,045.20 3 464,899.43 0.26 23,244.97 388,748.03 0.24 19,437.40 178,807,472.42 100 8,940,373.62 151,966,547.59 100 7,598,327.38 5%( 5%) 38: 225,784,716.04 - - - 225,784,716.04-225,784,716.04 - - - 225,784,716.04-8,000,000.00 16,000,000.00 - - 16,000,000.00 10% 15,788,404.37 16,224,006.30 - - 16,224,006.30 99.68% 10,000,000.00 10,000,000.00 - - 10,000,000.00 10% 60,000,000.00 60,000,000.00 - - 60,000,000.00 13.33% 2,550,000.00 22,797,368.71 - - 22,797,368.71 98.08% 25,000,000.00 25,000,000.00 - - 25,000,000.00 7.23% 5,670,000.00 5,005,198.43 - - 5,005,198.43 81% 35,950,000.00 35,235,847.80 - - 35,235,847.80 99.86% 1,200,000.00 3,687,719.25 - - 3,687,719.25 60% 9,000,000.00 20,760,330.32 - - 20,760,330.32 90% 6,500,000.00 6,333,049.81 - - 6,333,049.81 65% 4,510,400.00 4,450,123.90 - - 4,450,123.90 56.38% 540,000.00 291,071.52 - - 291,071.52 90% 184,708,804.37 225,784,716.04 - - 225,784,716.04 39:. 250,903,713.18 217,750,681.33 101,559,619.05 89,991,693.38 149,344,094.13 127,758,987.95 34
9,208,539.45 7,160,222.87 3,733,635.75 3,578,812.59 5,474,903.70 3,581,410.28-5,301,717.35-4,446,416.38-855,300.97 260,112,252.63 230,212,621.55 105,293,254.80 98,016,922.35 154,818,997.83 132,195,699.20 40: 206,022.78 - - - 12,749,876.70 10,479,743.72 12,955,899.48 10,479,743.72 1 (1) (2) 15,838,404.37 - - 15,838,404.37 7,000,000.00 - - 7,000,000.00 2,600,000.00 - - 2,600,000.00 36,000,000.00 - - 36,000,000.00 2,000,000.00 - - 2,000,000.00 10,000,000.00 - - 10,000,000.00 10,000,000.00 - - 10,000,000.00 8,000,000.00 - - 8,000,000.00 35
600,000.00 - - 600,000.00 (3) 15,788,404.37 - - 15,788,404.37 5,670,000.00 - - 5,670,000.00 2,550,000.00 - - 2,550,000.00 35,950,000.00 - - 35,950,000.00 1,200,000.00 - - 1,200,000.00 9,000,000.00 - - 9,000,000.00 6,500,000.00 - - 6,500,000.00 4,510,400.00 - - 4,510,400.00 540,000.00 - - 540,000.00 2 1 = 2 = 3 (ROE) P ROE= E 0 +NP/2+E i *M i /M o -E j *M j /M o P NP E 0 E i E j M o M i M j 4 (EPS) P ROE= 36
S 0 +S 1 +S i *M i /M o -S j *M j /M o P S 0 S 1 S i S j M o M i M j ( ) ( ) ( ) 2003 ( ) 37