2004... 1... 1... 2... 4... 7... 10... 11... 12... 18... 19... 21... 47 1

600652 2004 2005 4 2

2004... 1... 1... 2... 4... 7... 10... 11... 12... 18... 19... 21... 47 1

2004 ( ) ( ) ( ) ( ) SHANGHAI ACE CO.,LTD. SACE ( ) ( ) 666 021-64710022 8818 021-64711120 E-mail xuhanzhang@sh-ace.com 666 021-64710022 8105 021-64711120 E-mail lupeihua@sh-ace.com ( ) 333 3 666 200031 http://www.sh-ace.com lupeihua@sh-ace.com ( ) 021-64710022 8166 http://www.sse.com.cn ( ) A A A 600652 ( ) 2004 7 19 333 3 3101061011452 310106132354302 100 2000 2008 1

2004 ( ) : : 225,122,307.12 58,451,896.16 56,736,696.37 519,636,143.54 11,009,592.14 234,559,957.34-12,871,143.47 2,273,573.11 1,159,920.14 245,334,611.72-8,161,996.05 ( ) : : 462,772.52 157,409.00-1,120,079.86 2,280,000.00-64,901.87 1,715,199.79 ( ) : : 2004 2003 2002 (%) 1,637,472,608.63 1,519,091,583.46 1,519,091,583.46 7.79 479,360,738.72 479,360,738.72 225,122,307.12 188,272,475.18 188,272,475.18 19.57 47,117,866.38 47,117,866.38 58,451,896.16 70,548,424.26 70,548,424.26-17.15 38,636,772.70 38,636,772.70 56,736,696.37 61,266,646.32 69,776,920.5-7.39 41,931,466.00 41,931,466.00 2004 2003 (%) 2002 2,811,567,074.95 2,422,097,947.23 2,422,097,947.23 16.08 1,598,111,524.42 1,598,111,524.42 781,417,024.81 742,236,051.09 742,236,051.09 5.28 633,936,618.10 633,936,618.10 245,334,611.72 390,619,448.07 390,619,448.07-37.19 246,593,848.38 246,593,848.38 2004 2003 (%) 2002 ( ) 0.15 0.18 0.18-16.67 0.13 0.13 ( )(%) 7.48 9.50 9.50-2.02 6.09 6.09 ( )(%) 7.26 8.25 9.40-0.99 6.61 6.61 0.63 1.00 1.00-37.00 0.82 0.82 ( ) 0.15 0.18 0.18-16.67 0.13 0.13 ( ) 0.15 0.16 0.18-6.25 0.14 0.14 ( ) 0.15 0.16 0.18-6.25 0.14 0.14 (%) 7.64 10.54 10.54-2.90 6.18 6.18 ( )(%) 7.42 9.16 10.43-1.74 6.71 6.71 2004 2003 2002 (%) 2.01 1.91 1.91 5.24 2.12 2.12 1.99 1.84 1.84 8.15 2.11 2.11 2

2004 ( ) 9 : : % 66.4992 67.9289 1.3341 1.3341 30.0173 30.6626 0.6022 0.6022 7.4802 7.6411 0.1501 0.1501 7.2607 7.4169 0.1457 0.1457 ( ) : : 389,512,282 174,155,767.47 96,959,512.37 40,168,509.25 81,608,489.25 742,236,051.09-204,691.66 39,308,798.62 15,681,692.40 58,451,896.16 97,965,386.44 - - - - 58,784,412.72 58,784,412.72 389,512,282 174,360,459.13 136,268,310.99 55,850,201.65 81,275,972.69 781,417,024.81 1. 2. 3. 4. 5. 3

2004 ( ) 1. : 1 2 3 4 1 389,512,282 389,512,282 2 3 4 389,512,282 389,512,282 389,512,282 389,512,282 2. (1) (2) ( ) 1. 112,083 A 112,083 4

2004 2. ( ) : ( (%) ) -3,895,064 28,235,718 7.25 - - 7,157,697 1.84 - - 876,005 0.22 - - 588,766 0.15 - -54,480 583,345 0.15 - - 551,000 0.14 - - 540,000 0.14 - - 520,000 0.13 - - 499,590 0.13 - - 481,140 0.12-35,393,415 9.09% 3. (1) 2000 3 14 30,000 1999 11 18 3,000 (2) 5

2004, 4. 5. 6. A B H 28,235,718 A 7,157,697 A 876,005 A 588,766 A 583,345 A 551,000 A 540,000 A 520,000 A 499,590 A 481,140 A 6

2004. ( ) 1. : 37 2004-06-18 2005-06-28 0 0 0-64 2002-06-28 2005-06-28 0 0 0-49 2004-06-18 2005-06-28 0 0 0-71 2002-06-28 2005-06-28 0 0 0-31 2002-06-28 2005-06-28 0 0 0-32 2005-01-19 2005-06-28 0 0 0-33 2003-07-28 2005-06-28 0 0 0-48 2002-06-28 2005-06-28 2,015 2,015 0-32 2002-06-28 2005-06-28 0 0 0-38 2004-06-18 2005-06-28 0 0 0-30 2002-06-28 2005-06-28 0 0 0-54 2002-06-28 2005-06-28 0 0 0-33 2002-06-28 2005-06-28 0 0 0-38 2002-06-28 2005-06-28 3,120 3,120 0-56 2002-06-28 2005-06-28 0 0 0-51 2002-06-28 2005-06-28 0 0 0-39 2002-06-28 2005-06-28 0 0 0-2. (1) (2) (3) (4) (5) (6) (7) 7

2004 (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) 3. ( ) 1. ( ) 2. : : 69 33 2 / 8

2004 3. 17 8 ( ) 4. ( ) 10-12 3 8-10 4 ( ) ( ) 9,411 0 71 9,340 1. 2. 567 71 289 65 8,419 231 647 8,533 9

2004 ( ) 1. 2. 3. 4. 5. 6. 7., ( ) 1. ( ) ( ) ( ) 9 9 - - - 9 9 - - - 9 9 - - - 9 3 2. ( ) 1. 2. 3. 4. 5. 10

2004 ( ) 1. 2003 2004 5 11 2004 6 18 61 39,849,399 10.23% 2. (1) 2003 (2) 2003 (3) 2003 (4) 2003 (5) (6) (7) 3. 2004 6 19 ( ) 2005 1 19 2005 (1) (2) 11

2004 ( ) 2004 LPG 2004 2004 ( ) 1. (1) 281,156.71 163,747.26 51,963.61 22,512.23 5,845.19 12

2004 (2) : : (%) (%) 1,062,601,846.62 64.89 457,142,834.95 87.97 LPG 73,749,194.39 4.50 4,509,513.27 0.87 496,919,382.00 30.35 56,220,416.32 10.82 3,668,724.62 0.23 1,347,690.94 0.26 533,461.00 0.03 415,688.06 0.08 : - - - - 1,637,472,608.63-519,636,143.54 - - - - - 1,637,472,608.63-519,636,143.54 - (3) : : (%) (%) 245,765,150.32 14.98 15,107,697.20 2.91 131,651,267.73 8.03 35,859,408.95 6.90 1,062,601,846.62 64.79 457,142,834.95 87.97 200,122,572.59 12.20 11,526,202.44 2.22 : - - - - 1,640,140,837.26-519,636,143.54-2,668,228.63 - - - 1,637,472,608.63-519,636,143.54 - (4) 10% : : (%) 1,062,601,846.62 593,413,670.04 44.15 496,919,382.00 438,121,116.44 11.83 2. (1) : : 32,998.96 180,663.31 16,981.66 15,000 24,835.84 3,636.93 32,998.96 56% 180,663.31 16,981.66 IDC 15,000 90 24,835.84 3,636.93 3. : : 76,646,009.08 (%) 7.81 234,153,730.58 (%) 14.30 13

2004 4. IT 2004 ( ) 6,300 14,468.89 69.67 1. 2000 2 1999 35,229.82 2001 1,650 12,000 21,580 8 LPG 2004 LPG 21,249 331 331 LPG 2. 6,300 2,700 - ( 2004 3 20 ) 2006 ( 2004 12 18 2005 1 20 ) 52,000 30,000 57.69% 6,400 ( 100 ) 12.31% 15,600 ( 12,900 ) 30% ( ) : : 2,811,567,074.95 2,422,097,947.23 389,469,127.72 16.08 519,636,143.54 476,628,629.73 43,007,513.81 9.02 58,451,896.16 70,548,424.26-12,096,528.10-17.15-8,161,996.05 256,267,279.48-264,429,275.53-103.18 781,417,024.81 742,236,051.09 39,180,973.72 5.28 14

2004 1. 2. 3. IT 4. 5. ( ) 1. (1)2004 3 18 ( ) (2)2004 4 5 2003 2003 2003 2003 (3)2004 4 15 2004 (4)2004 5 9 2003 (5)2004 6 14 ( ) (6)2004 6 18 (7)2004 8 23 2004 (8)2004 10 26 2004 ( ) (9)2004 12 17 15

2004 (2005 ) 2. 2003, 2003 389,512,282 10 0.50 ( ) 2004 8 6 2004 8 9 2004 8 13 ( ) : 2004 : 58,451,896.16 23,627,106.22 15,681,692.40 19,143,097.54 ( ) ( )( 2004 10 28 ) 2005 1 17 ( ) 2,000 1,800 90% 200 10% ( ) ( )2004 2005 3 26 [2005] 1003 ( [2003]56 ) ( [2005]21 ) 2004 12 31 ( ) 2004 16

2004 : 2004-12-31 2003-12-31 2004-12-31 2003-12-31 517 491 31 5 74 61 13 0 ( ) [2003]56 2004 [2003]56 [2003]56 17

2004 ( ) 1.2004 4 5 (1) 2003 (2) 2003 2.2004 6 18 3.2004 8 23 2004 4.2004 10 26 2004 5.2004 12 17 ( ) 331 LPG 18

2004 ( ) ( ) 2004 6 30 15% 2,400 46.28 ( ) ( ) 1. 2. 2001-12-24 610 2004-11-25 900 2004-12-06 700 2002-09-11 5,000 2004-04-16 2,000 2004-11-09 1,000 2002-09-11 5,000 15,210 15,210 15,210 : : 2001-12-24 2002-07-24 2004-11-25 2005-05-24 2004-12-06 2005-06-05 2002-09-11 2005-09-11 2004-04-16 2005-04-15 2004-11-09 2005-07-08 2002-09-11 2005-09-11 610 2002 9 10 2002 9 17 2002 11 26 2002 3. 4. 19

2004 5. 5% 5% ( ) 60 10 2003 2004 40 1 ( ) ( ) 20

2004 [2005] 1003 2004 12 31 2004 2004 12 31 2004 2005 3 29 21

2004 ( ) 1. ( ) 1985 1 30 2004 12 31 2. 3 ( ) 1. 2. 1 1 12 31 3. 4., 5. 6. 3 7. (1) (2) (3) 22

2004 8. 6 ( 6 ) 5% 6 1 10% 1-1.5 20% 1.5-2 50% 2-2.5 70% 2.5-3 90% 3-5 98% 5 100% (1) (2) (3) 9. (1) (2) (3) (4) 10. (1) 20% 20% 20% (2) 23

2004 (3) 11. (1) 2.4%-5% 15-40 2.5%-5% 2.375%-6.5% 5-16 2.4%-5% 6.785%-19.4% 5-7 3%-5% 13.571%-19.4% 5-14 2.8%-5% 6.9%-19.4% 2.5 - (2) 12. (1) (2) 3 13. (1) : 24

2004 (2) (3) 14. (1) (2) 15. 16. 17. (1) (2) (3) 18. 25

2004 19. (1) 1995 96 2 (2) ( ) 1. 6% 13% 17% 2. 3% 5% 3. 1% 7% 4. 5. 0.9 6. (1) 33% (2) 33% (3) (94) 24 15% (4) 33% (5) 27% (6) 15% (7) 2002 20145 2003 1 1 2005 12 31 (8) 2004 04856 2004 2006 (9) 2002 20160 2003 1 1 2005 12 31 (10) 2003 687 2003 1 1 2004 12 31 26

2004 (11) 2004 0052 1 2 3 5 ( ) 1. ( ) ( ) (%) 729.5 556.4474 63 15,000 13,770.5046 90 1,000 900 90 2,000 1,800 81 1,000 900 81 1,000 900 81 2,000 1,800 81 2,000 1,800 81 3,400 3,590 93.53 3,300 3,418 97.27 3,000 2,940 98 2,500 2,365 94.6 600 1,279.625 51 600 1,494.3 55 32,998.96 38,768.8875 56 2. ( ) ( ) (%) 100 71 63.9 125 87.5 70 1030 1030 100 9000 6300 70 (1) (2) (3) (4) 2004 4 21 3. 2004 1 1 27

2004 2004 4 9 1800 90% 4. (1)2004 1 1 90% (2) 21,343,375.02 21,343,375.02 278,925.37 278,925.37 192,655.03 192,655.03 278,925.37 278,925.37 21,257,104.68 21,257,104.68 708,996.66 708,996.66 21,536,030.05 21,536,030.05 21,536,030.05 21,536,030.05 (3) 6,623,271.68 1,725,310.22 834,113.71 834,113.71 ( ) 1. 2004.12.31 2003.12.31 192,188.80 100,332.56 829,275,997.70 837,528,221.89 1,628.10 829,468,186.50 837,630,182.55 2. 2004.12.31 2003.12.31 38,593,267.00 24,466,043.50 38,593,267.00 24,466,043.50 3. 2004.12.31 2003.12.31 248,270.00 248,270.00 248,270.00 248,270.00 28

2004 4. (1) 2004.12.31 2003.12.31 % % 1 129,528,448.56 91.87 2,712,334.01 126,816,114.55 90,186,211.33 84.53 150,616.11 90,035,595.22 1-2 370,047.09 0.27 283,635.98 86,411.11 337,427.76 0.32 261,629.62 75,798.14 2-3 1,993,465.61 1.41 1,993,465.61 1,644,813.05 1.54 1,644,139.57 673.48 3 9,095,898.33 6.45 9,095,898.33 14,517,950.54 13.61 14,517,950.54 140,987,859.59 100.00 14,085,333.93 126,902,525.66 106,686,402.68 100.00 16,574,335.84 90,112,066.84 32.15% (2) 46,361,099.35 32.88% (3) 2004 12 31 5% 5% 5. (1) 2004.12.31 2003.12.31 % % 1 246,041,582.25 86.53 160,612.91 245,880,969.34 69,084,469.52 56.61 605,119.25 68,479,350.27 1-2 4,348,644.52 1.53 1,627,076.26 2,721,568.26 13,710,760.50 11.23 1,729,503.21 11,981,257.29 2-3 2,226,783.06 0.78 2,167,833.06 58,950.00 4,810,095.98 3.94 3,410,542.86 1,399,553.12 3 31,724,001.44 11.16 28,644,654.18 3,079,347.26 34,434,902.66 28.22 12,474,684.65 21,960,218.01 284,341,011.27 100.00 32,600,176.41 251,740,834.86 122,040,228.66 100.00 18,219,849.97 103,820,378.69 132.99% (2) 218,115,339.28 76.71% (3) 2004 12 31 5% 5% 6. (1) 2004.12.31 (%) 2003.12.31 (%) 1 56,180,282.12 94.50 25,091,549.72 97.17 1-2 2,733,194.75 4.59 691,923.43 2.68 2-3 541,229.03 0.91 38,849.09 0.15 3 59,454,705.90 100.00 25,822,322.24 100.00 (2) 130.25% (3) 28,546,917.45 48.01% (4) 2004 12 31 5% 5% 29

2004 7. 2004.12.31 2003.12.31 6,709,739.09 6,709,739.09 8. (1) 2004.12.31 2003.12.31 81,361.53 81,361.53 1,008,614.48 1,008,614.48 6,566,084.92 6,566,084.92 7,710,718.31 640,047.00 7,070,671.31 357,742.42 114,917.68 242,824.74 133,757.42 114,917.68 18,839.74 26,518,556.42 153,540.62 26,365,015.80 45,772,366.78 365,152.49 45,407,214.29 33,523,745.29 268,458.30 33,255,286.99 54,625,456.99 1,120,117.17 53,505,339.82 (2) 38.63% (3) 89.00 9. 2003.12.31 2004.12.31 25,335.50 95,095.22 96,402.16 24,028.56 23,201.34 203,250.00 44,584.68 181,866.66 2,036.77 4,099.34 3,900.07 2,236.04 50,000.00 3,508.80 46,491.20 4,212.00 4,212.00 54,785.61 352,444.56 152,607.71 254,622.46 10. (1) 2004.12.31 2003.12.31 7,678,540.00 3,669,200.00 4,009,340.00 7,678,540.00 3,000,000.00 4,678,540.00 68,557,664.56 68,557,664.56 316,218.33 316,218.33 241,850,983.21 3,636,218.33 238,214,764.88 280,100,016.51 3,320,000.00 276,780,016.51 7,893,776.58 7,893,776.58 9,035,045.46 9,035,045.46 60,292,082.29 60,292,082.29 67,601,001.40 67,601,001.40 386,273,046.64 7,305,418.33 378,967,628.31 364,730,821.70 6,320,000.00 358,410,821.70 (2) 432,000.00 % 2003.12.31 2004.12.31 5% 2,008,800.00 2,008,800.00 2,008,800.00 1,100,000.00 5% 1,250,000.00 1,250,000.00-669,200.00 580,800.00 30,000.00 62,500.00 5% 3,000,000.00 5% 62,500.00 62,500.00 62,500.00 686,200.00 5% 1,357,240.00 1,357,240.00 1,357,240.00 7,678,540.00 4,678,540.00-669,200.00 4,009,340.00 30

2004 (3) 2004.12.31 % 10,300,000.00-22,326.28-3,741,044.50 6,558,955.50 100.00 63,000,000.00 63,000,000.00-1,001,290.94-1,001,290.94 61,998,709.06 70.00 875,000.00-875,000.00 70.00 710,000.00-316,218.33-710,000.00 63.90 74,885,000.00 63,000,000.00-1,339,835.55-6,327,335.44 68,557,664.56 (4) 2004.12.31 (%) 30,000,000.00 666,296.20 7,202,894.14 37,202,894.14 30 16,500,000.00-2,502,275.00-5,938,694.05 10,561,305.95 33 2,345,000.00-313,631.85-313,631.85 2,031,368.15 34 1,840,000.00-408,114.36-408,114.36 1,431,885.64 46 44,587,311.00 0 44,587,311.00 8.64 3,320,000.00-3,320,000.00 40 142,400,000.00 142,400,000.00 9.67 240,992,311.00-2,557,725.01-2,777,546.12 238,214,764.88 (5) 2003.12.31 2004.12.31 11,412,689.00 10 9,035,045.46 1,141,268.88 7,893,776.58 11,412,689.00 10 9,035,045.46 1,141,268.88 7,893,776.58 (6) 2003.12.31 2004.12.31 669,200.00 669,200.00 3,000,000.00 3,000,000.00 316,218.33 316,218.33 3,320,000.00 3,320,000.00 6,320,000.00 985,418.33 7,305,418.33 31

2004 11. (1) 2003.12.31 2004.12.31 391,727,665.55 40,484,267.95 1,979,978.15 430,231,955.35 444,918,797.44 160,734,344.64 27,321,924.03 578,331,218.05 7,659,972.61 780,365.00 635,040.00 7,805,297.61 31,556,442.98 72,850,310.69 548,581.96 103,858,171.71 335,277,632.00 335,277,632.00 1,211,140,510.58 274,849,288.28 30,485,524.14 1,455,504,274.72 72,170,065.57 12,822,689.82 27,171.65 84,965,583.74 216,902,044.52 39,977,167.12 23,554,343.22 233,324,868.42 4,151,784.35 1,002,317.29 514,386.96 4,639,714.68 12,146,245.25 13,516,505.54 78,887.25 25,583,863.54 122,376,080.82 8,137,230.00 130,513,310.82 427,746,220.51 75,455,909.77 24,174,789.08 479,027,341.20 783,394,290.07 976,476,933.52 100,886.00 100,886.00 100,886.00 100,886.00 783,293,404.07 976,376,047.52 20.18% (2) 75,899,400.00 11,072,544.05 64,826,855.95 75,899,400.00 11,072,544.05 64,826,855.95 (3) 31,178,209.01 12. (1) 2004.12.31 2003.12.31 LPG LPG 494,553.30 494,553.30 494,553.30 494,553.30 17,912,950.78 17,912,950.78 241,800.00 241,800.00 736,353.30 736,353.30 18,407,504.08 18,407,504.08 32

2004 (2) 2003.12.31 2004.12.31 LPG 494,553.30 494,553.30 17,912,950.78 11,951,352.53 29,864,303.31 1,555,705.70 1,313,905.70 241,800.00 18,407,504.08 13,507,058.23 31,178,209.01 736,353.30 (3) (4) 13. (1) 2004.12.31 2003.12.31 70,739,160.67 70,739,160.67 72,448,224.03 72,448,224.03 43,197,913.73 43,197,913.73 45,029,698.01 45,029,698.01 113,937,074.40 113,937,074.40 117,477,922.04 117,477,922.04 (2) 2003.12.31 2004.12.31 77,369,294.09 72,448,224.03 1,709,063.36 70,739,160.67 6,630,133.42 516 51,593,600.00 45,029,698.01 1,831,784.28 43,197,913.73 8,395,686.27 281 128,962,894.09 117,477,922.04 3,540,847.64 113,937,074.40 15,025,819.69 (3) 14. 2003.12.31 2004.12.31 2,440,761.54 1,914,010.37 149,599.95 515,901.55 1,547,708.77 893,052.77 36 140,650.00 93,766.61 47,233.29 62,708.25 78,291.65 62,358.35 15 756,543.10 131,390.02 125,118.39 6,271.63 750,271.47 1 3,337,954.64 2,139,167.00 196,833.24 703,728.19 1,632,272.05 1,705,682.59 15. (1) 2004.12.31 2003.12.31 629,500,000.00 505,000,000.00 629,500,000.00 505,000,000.00 33

2004 16. 2004.12.31 2003.12.31 30,000,000.00 787,350.00 231,450.00 30,787,350.00 231,450.00 17. 2004.12.31 2003.12.31 92,253,443.36 89,738,461.84 2004 12 31 5% 5% 18. 2004.12.31 2003.12.31 59,236,028.27 43,489,279.72 2004 12 31 5% 5% 19. 2004.12.31 2003.12.31 14,950,681.87 9,874,866.85 20. 2004.12.31 2003.12.31 3,660,262.20 3,660,262.20 21. 2004.12.31 2003.12.31 25,015,685.21 6,601,975.87 396,477.07 185,844.93 1,580,716.05 2,793,995.32 57,351,197.90 17,211,788.74 974,433.39 649.88 44,294.03 1,627,624.45 824,336.01 86,991,077.98 27,617,940.87 22. 2004.12.31 2003.12.31 5,720.63 2,931.46 1% 19,289,548.07 14,933,680.84 3% 19,295,268.70 14,936,612.30 23. 2004.12.31 2003.12.31 117,531,633.87 48,617,707.48 34

2004 2004 12 31 5% 5% 24. 2004.12.31 2003.12.31 240,000.00 176,673.00 100,000.00 3,199,575.32 343,330.00 694,400.00 359,841.95 4,233,975.32 879,844.95 25. 2004.12.31 2003.12.31 25,000,000.00 30,000,000.00 30,000,000.00 85,000,000.00 26. 2004.12.31 2003.12.31 45,540,558.35 59,781,700.30 472,555.55 45,540,558.35 60,254,255.85 27. 2004.12.31 290,000,000.00 290,000,000.00 6.831% 2001.2.2-2007.1.2 70,000,000.00 70,000,000.00 5.31% 2004.9.29-2007.9.29 360,000,000.00 360,000,000.00 28. 2004.12.31 3 53,632,500.00 12,921,200.00 13,235,656.00 7,098,435.00 12,921,200.00 73,966,591.00 35

2004 29. + 2003.12.31 2004.12.31 389,512,282.00 389,512,282.00 389,512,282.00 389,512,282.00 389,512,282.00 389,512,282.00 30. 2003.12.31 2004.12.31 173,792,994.29 173,792,994.29 362,773.18 204,691.66 567,464.84 174,155,767.47 174,360,459.13 31. 2003.12.31 2004.12.31 55,811,736.44 23,627,106.22 79,438,842.66 979,266.68 979,266.68 40,168,509.25 15,681,692.40 55,850,201.65 96,959,512.37 39,308,798.62 136,268,310.99 36

2004 32. 2004 2003 81,608,489.25 50,842,272.52 58,451,896.16 70,548,424.26 23,627,106.22 23,817,877.71 15,681,692.40 15,964,329.82 19,475,614.10 81,275,972.69 81,608,489.25 33. (1) 2004 2003 1,062,601,846.62 881,208,354.98 LPG 73,749,194.39 38,951,955.43 496,919,382.00 573,057,323.93 3,668,724.62 5,987,013.60 18,824,697.29 533,461.00 1,062,238.23 1,637,472,608.63 1,519,091,583.46 (2) 2004 2003 245,765,150.32 178,800,615.74 131,651,267.73 289,270,239.75 1,062,601,846.62 881,208,354.98 200,122,572.59 175,835,799.11 1,640,140,837.26 1,525,115,009.58 2,668,228.63 6,023,426.12 1,637,472,608.63 1,519,091,583.46 (3) 234,153,730.58 14.30% 34. (1) 37

2004 2004 2003 593,413,670.04 488,798,445.12 LPG 69,042,547.95 36,257,525.81 438,121,116.44 486,501,064.09 2,299,576.95 3,612,987.51 12,356,208.83 88,161.10 543,298.45 1,102,965,072.48 1,028,069,529.81 (2) 2004 2003 229,254,347.82 156,474,742.16 95,259,303.99 229,569,029.04 593,413,671.04 488,798,445.13 187,705,978.26 159,250,739.60 1,105,633,301.11 1,034,092,955.93 2,668,228.63 6,023,426.12 1,102,965,072.48 1,028,069,529.81 35. 2004 2003 2,009,519.58 1,224,546.58 6,795,260.02 6,450,706.28 3,102,922.87 2,930,369.86 24,619.56 13,645.81 2,939,070.58 3,774,155.39 14,871,392.61 14,393,423.92 36. 2004 2003 1,043,246.00 1,764,783.20-721,537.20 5,897,016.51 10,574,028.77-4,677,012.26 15,853,311.95 15,388,809.91 464,502.04 17,679,801.74 17,161,685.20 518,116.54 4,440,662.81 4,440,662.81 2,760,208.86 2,760,208.86 6,944,320.82 2,735,748.81 4,208,572.01 5,487,383.93 1,372,299.06 4,115,084.87 94,318.80 2,266.67 92,052.13 1,076,093.61-1,076,093.61 359,393.23 359,393.23 4,623,191.49 1,021,757.53 3,601,433.96 2,017,634.38 131,373.34 1,886,261.04 32,999,051.87 21,989,459.73 11,009,592.14 34,201,438.65 29,239,386.37 4,962,052.28 37. 2004 2003 54,528,338.79 64,945,761.50 9,322,328.92 6,189,274.71 267,100.95 466,870.92 52,221.80 749,008.38 45,525,332.62 59,972,366.09 38

2004 38. 2004 2003 2,172,325.00-3,616,489.88-275,671.73-8,732,007.78-8,510,274.18 462,772.52 3,976,915.60-985,418.33-12,871,143.47-2,636,705.31 39. 2004 2003 2,123,573.11 3,103,487.20 150,000.00 1,786,800.00 2,273,573.11 4,890,287.20 498,066.24 2,540,368.82 [2002]187 123,415.64 0 [2002]187 677,910.37 0 [2001]198 816,771.86 556,408.38 [2002]187 7,409.00 6,710.00 150,000.00 170,000.00 2003 58 779,200.00 589,000.00 3111200837 189,000.00 3111102851 3,500.00 4614301370 40,000.00 1999 73 16,100.00 2,273,573.41 4,890,287.20 40. 2004 2003 76,400.80 2,280,000.00 2,936,845.90 3,600.00 37,435.76 5,296,846.70 37,435.76 39

2004 41. 2004 2003 2,500,073.96 2,276,423.42 1,465.80 5,000.00 1,155,979.30 474,407.50 4,136,926.56 2,276,423.42 42. 67,088,969.65 43. 296,602,365.07 44. 18,170,295.30 ( ) 1. (1) 2004.12.31 2003.12.31 % 1 1,040,000.00 100.00 1,040,000.00 1-2 2-3 3 1,040,000.00 100.00 1,040,000.00 100% 2004 12 31 5% 5% 2. (1) 2004.12.31 2003.12.31 % % 1 432,788.50 1.83 19,000.00 413,788.50 29,328,984.32 45.05 542,200.17 28,786,784.15 1-2 100,000.00 0.42 10,000.00 90,000.00 4,558,096.02 7.00 186,748.00 4,371,348.02 2-3 2,600.00 0.01 1,300.00 1,300.00 4,609,510.40 7.08 3,256,897.28 1,352,613.12 3 23,115,595.61 97.94 23,026,904.51 88,691.10 26,603,419.95 40.87 26,523,481.22 79,938.73 23,650,984.11 100.00 23,057,204.51 593,779.60 65,100,010.69 100.00 30,509,326.67 34,590,684.02 63.67% 40

2004 (2) 22,862,439.97 96.67% (3) 2004 12 31 5% 5% 3. (1) 2004.12.31 2003.12.31 7,678,540.00 3,669,200.00 4,009,340.00 7,678,540.00 3,000,000.00 4,678,540.00 826,886,161.95 826,886,161.95 783,957,538.67 783,957,538.67 241,534,764.88 3,320,000.00 238,214,764.88 244,092,489.89 3,320,000.00 240,772,489.89 67,932,116.26 67,932,116.26 76,635,930.42 76,635,930.42 1,144,031,583.09 6,989,200.00 1,137,042,383.09 1,112,364,498.98 6,320,000.00 1,106,044,498.98 (2) 432,000.00 % 2003.12.31 2004.12.31 5% 2,008,800.00 2,008,800.00 2,008,800.00 1,100,000.00 5% 1,250,000.00 1,250,000.00-669,200.00 580,800.00 30,000.00 62,500.00 5% 3,000,000.00 5% 62,500.00 62,500.00 62,500.00 686,200.00 5% 1,357,240.00 1,357,240.00 1,357,240.00 7,678,540.00 4,678,540.00-669,200.00 4,009,340.00 (3) 2004.12.31 % 10,300,000.00-22,326.28-3,741,044.50 6,558,955.50 100.00 63,000,000.00 63,000,000.00-1,001,290.94-1,001,290.94 61,998,709.06 70.00 875,000.00-875,000.00 70.00 13,137,300.00 19,283.58-77,348.87 13,059,951.13 55.00 10,875,750.00 271,405.58 516,124.54 11,391,874.54 51.00 31,570,144.94-399,120.70-1,000,277.33 30,569,867.61 93.53 32,100,000.00-537,692.18-634,012.63 31,465,987.37 97.27 322,240,039.48 95,097,278.32 47,320,000.00 111,343,210.52 433,583,250.00 56.00 5,564,474.70-336,614.68-1,596,633.64 3,967,841.06 63.00 137,705,046.26 32,447,340.89 59,400,000.00 42,428,518.21 204,691.66 180,338,256.13 90.00 9,000,000.00-1,738,625.24-5,863,489.47 3,136,510.53 90.00 29,400,000.00-678,123.01-1,433,376.43 27,966,623.57 98.00 23,650,000.00-670,057.11-801,664.55 22,848,335.45 94.60 689,417,755.38 63,000,000.00 122,451,458.23 106,720,000.00 137,263,714.91 204,691.66 826,886,161.95 (4) 2004.12.31 % 30,000,000.00 666,296.20 7,202,894.14 37,202,894.14 30 16,500,000.00-2,502,275.00-5,938,694.05 10,561,305.95 33 2,345,000.00-313,631.85-313,631.85 2,031,368.15 34 1,840,000.00-408,114.36-408,114.36 1,431,885.64 46 44,587,311.00 44,587,311.00 8.64 142,400,000.00 142,400,000.00 9.67 237,672,311.00-2,557,725.01 542,453.88 238,214,764.88 41

2004 (5) 2003.12.31 2004.12.31 11,412,689.00 10 9,035,045.46 1,141,268.88 7,893,776.58 1,805,700.00 10 1,685,320.00 180,570.00 1,504,750.00 1,920,500.00 10 1,792,466.67 192,050.00 1,600,416.67 4,329,855.06 10 3,277,813.30 437,041.76 2,840,771.54 2,080,000.00 10 1,941,333.33 208,000.00 1,733,333.33 65,448,835.18 10 58,903,951.66 6,544,883.52 52,359,068.14 86,997,579.24 76,635,930.42 8,703,814.16 67,932,116.26 (6) 2003.12.31 2004.12.31 669,200.00 669,200.00 3,000,000.00 3,000,000.00 3,320,000.00 3,320,000.00 6,320,000.00 669,200.00 6,989,200.00 4. (1) 2004 2003 3,489,104.82 5,266,936.76 2,528,290.59 5,266,936.76 6,017,395.41 (2) 5,266,936.76 100% 5. 2004 2003 1,519,742.22 5,164,009.39 2,295,974.31 5,164,009.39 3,815,716.53 6. 2004 2003 2,169,200.00 119,893,733.22 120,484,568.70-8,703,814.16-8,510,274.18 462,772.52 801,063.43-669,200.00 3,125.00 110,983,491.58 114,947,682.95 42

2004 ( ) 1. (1) (2) 2003.12.31 2004.12.31 729.5 729.5 15,000 15,000 1,000 1,000 2,000 2,000 1,000 1,000 1,000 1,000 2,000 2,000 2,000 2,000 3,400 3,400 3,300 3,300 3,000 3,000 2,500 2,500 600 600 600 600 32,998.96 32,998.96 100 100 125 125 1030 1030 9000 9000 43

2004 (3) ( ) 2003.12.31 (%) 2004.12.31 (%) 504.031 63 504.031 63 13,500 90 13,500 90 900 90 900 90 1,800 1,800 81 900 81 900 81 900 81 900 81 1,800 81 1,800 81 1,800 81 1,800 81 3,180 93.53 3,180 93.53 3,210 97.27 3,210 97.27 2,940 98 2,940 98 2,365 94.6 2,365 94.6 306 51 306 51 330 55 330 55 18,479.4176 56 18,479.4176 56 71 63.9 71 63.9 87.5 70 87.5 70 1030 100 1030 100 6300 6300 70 (4) 2. (1) (2) (3) 2004.12.31 2003.12.31 5,166,303.02 1.82% 4,908,010.40 4.02% 737,556.18 0.26% 612,556.18 0.50% 5,903,859.20 2.08% 5,520,566.58 4.52% 44

2004 (4) 2004 69 2003 64 17 18 8 8 ( ) 900 2004.11.25-2005.5.24 700 2004.12.06-2005.06.05 610 2001.12.24-2002.7.24 ( ) 1000 2004.11.09-2005.7.08 ( ) 2000 2004.04.16-2005.04.15 5000 2002.09.11-2005.09.11 5000 2002.09.11-2005.09.11 15210 1000 2002 7 24 2004 390 610 2003 686,200 176 2,855,510 80% 2004 80% ( ) 2004 4 21 1. 3 30 2. 16.25% 34875 45

2004 ( ) ( ) ( ) ( ) (%) (%) / / 519,636,143.54 66.4992 67.9289 1.3341 1.3341 234,559,957.34 30.0173 30.6626 0.6022 0.6022 58,451,896.16 7.4802 7.6411 0.1501 0.1501 56,736,696.37 7.2607 7.4169 0.1457 0.1457 462,772.52 157,409.00 2,280,000.00-1,120,079.86-64,901.87 1,715,199.79 ( ) 2004 2003 462,772.52 3,976,915.60 3,433,493.25 2,651,299.54 46

2004 ( ) ( ) ( ) ( ) 47

2004.12.31 2003.12.31 1 829,468,186.50 155,093,821.84 837,630,182.55 166,592,290.09 2 38,593,267.00 24,466,043.50 3 248,270.00 248,270.00 248,270.00 248,270.00 4 126,902,525.66 90,112,066.84 1,040,000.00 5 251,740,834.86 593,779.60 103,820,378.69 34,590,684.02 6 59,454,705.90 25,822,322.24 7 6,709,739.09 8 33,255,286.99 53,505,339.82 9 254,622.46 54,785.61 1,339,917,699.37 155,935,871.44 1,142,369,128.34 202,471,244.11 10 378,967,628.31 1,137,042,383.09 358,410,821.70 1,106,044,498.98 378,967,628.31 1,137,042,383.09 358,410,821.70 1,106,044,498.98 : 11 1,455,504,274.72 154,706,839.85 1,211,140,510.58 154,808,952.85 11 479,027,341.20 17,369,320.53 427,746,220.51 13,771,045.83 11 976,476,933.52 137,337,519.32 783,394,290.07 141,037,907.02 : 11 100,886.00 100,886.00 100,886.00 100,886.00 11 976,376,047.52 137,236,633.32 783,293,404.07 140,937,021.02 12 736,353.30 15,544,553.30 18,407,504.08 1,544,553.30 977,112,400.82 152,781,186.62 801,700,908.15 142,481,574.32 13 113,937,074.40 117,477,922.04 14 1,632,272.05 1,389,322.38 2,139,167.00 1,657,938.19 115,569,346.45 1,389,322.38 119,617,089.04 1,657,938.19 2,811,567,074.95 1,447,148,763.53 2,422,097,947.23 1,452,655,255.60

2004.12.31 2003.12.31 15 629,500,000.00 209,500,000.00 505,000,000.00 322,000,000.00 16 30,787,350.00 231,450.00 17 92,253,443.36 1,998,025.20 89,738,461.84 2,884,315.20 18 59,236,028.27 43,489,279.72 118,803.53 19 14,950,681.87 9,874,866.85 4,775,464.03 5,079,435.61 20 3,660,262.20 21 86,991,077.98 618,953.74 27,617,940.87 14,498.83 22 19,295,268.70 5,712.83 14,936,612.30 1,072.27 23 117,531,633.87 166,535,530.40 48,617,707.48 117,337,887.81 24 4,233,975.32 100,000.00 879,844.95 25 85,000,000.00 26 45,540,558.35 60,254,255.85 1,190,095,481.75 378,758,222.17 809,380,117.67 442,356,577.64 27 360,000,000.00 290,000,000.00 489,670,567.47 290,000,000.00 28 73,966,591.00 12,921,200.00 433,966,591.00 290,000,000.00 502,591,767.47 290,000,000.00 1,624,062,072.75 668,758,222.17 1,311,971,885.14 732,356,577.64 406,087,977.39 367,890,011.00 : 29 389,512,282.00 389,512,282.00 389,512,282.00 389,512,282.00 29 389,512,282.00 389,512,282.00 389,512,282.00 389,512,282.00 30 174,360,459.13 174,360,459.13 174,155,767.47 174,155,767.47 31 136,268,310.99 62,447,769.38 96,959,512.37 46,975,212.22 : 55,850,201.65 30,920,635.72 40,168,509.25 23,184,357.14 32 81,275,972.69 152,070,030.85 81,608,489.25 109,655,416.27 781,417,024.81 778,390,541.36 742,236,051.09 720,298,677.96 2,811,567,074.95 1,447,148,763.53 2,422,097,947.23 1,452,655,255.60

2004 2003 33 1,637,472,608.63 5,266,936.76 1,519,091,583.46 6,017,395.41 34 1,102,965,072.48 5,164,009.39 1,028,069,529.81 3,815,716.53 35 14,871,392.61 14,393,423.92 25,079.46 519,636,143.54 102,927.37 476,628,629.73 2,176,599.42 ( ) 36 11,009,592.14 3,778,333.52 4,962,052.28 4,003,135.97 92,365,157.48 796,287.44 125,608,544.28 848,935.11 158,195,288.24 5,434,760.62 107,751,890.69-1,090,359.87 37 45,525,332.62 33,777,319.37 59,972,366.09 40,326,115.25 ( ) 234,559,957.34-36,127,106.54 188,257,880.95-33,904,955.10 ( ) 38-12,871,143.47 110,983,491.58-2,636,705.31 114,947,682.95 39 2,273,573.11 150,000.00 4,890,287.20 170,000.00 40 5,296,846.70 2,356,400.80 37,435.76 41 4,136,926.56 2,276,423.42 104,908.39 ( ) 225,122,307.12 77,362,785.84 188,272,475.18 81,107,819.46 84,680,408.67 56,887,042.43 81,990,002.29 60,837,008.49 ( ) 58,451,896.16 77,362,785.84 70,548,424.26 81,107,819.46 ( ) 81,608,489.25 109,655,416.27 50,842,272.52 44,769,160.71 140,060,385.41 187,018,202.11 121,390,696.78 125,876,980.17 23,627,106.22 7,736,278.58 23,817,877.71 8,110,781.95 15,681,692.40 7,736,278.58 15,964,329.82 8,110,781.95 100,751,586.79 171,545,644.95 81,608,489.25 109,655,416.27 19,475,614.10 19,475,614.10 81,275,972.69 152,070,030.85 81,608,489.25 109,655,416.27 1. 462,772.52 462,772.52 3,976,915.60 3,976,915.60 2. 3. ( ) 4. ( ) 5. 6. 3,433,493.25 2,506,400.80 2,651,299.54 65,091.61

2004 1,836,254,253.76 13,137,127.07 8,826,104.92 42 67,088,969.65 100,158,672.57 1,912,169,328.33 113,295,799.64 978,515,098.82 6,745,331.00 259,486,493.38 4,649,084.55 132,230,759.34 952,446.51 43 296,602,365.07 11,452,507.81 1,666,834,716.61 23,799,369.87 245,334,611.72 89,496,429.77 24,186,224.97 24,212,381.37 13,561,542.35 119,190,299.13 2,388,000.00 2,388,000.00 40,135,767.32 145,790,680.50 171,508,593.94 14,679,474.95 64,710,372.16 64,710,372.16 236,218,966.10 79,389,847.11-196,083,198.78 66,400,833.39 2,000,000.00 2,000,000.00 739,500,000.00 249,500,000.00 741,500,000.00 249,500,000.00 640,650,000.00 362,000,000.00 140,093,113.69 54,895,731.41 44 18,170,295.30 798,913,408.99 416,895,731.41-57,413,408.99-167,395,731.41-8,161,996.05-11,498,468.25

2004 1 58,451,896.16 77,362,785.84 81,990,002.29 9,425,083.99-7,452,122.16 75,455,909.77 3,598,274.70 3,540,847.64 703,728.19 268,615.81-199,836.85 3,354,130.37 100,000.00 133,113.16-2,356,400.80 54,528,338.79 35,420,117.31 12,871,143.47-110,983,491.58 20,250,052.83-307,864,722.27 42,276,645.21 232,694,924.18 51,262,005.44 245,334,611.72 89,496,429.77 2 61,171,200.00 3 829,468,186.50 155,093,821.84 837,630,182.55 166,592,290.09-8,161,996.05-11,498,468.25

2004 2003 389,512,282.00 299,624,832.00 89,887,450.00 89,887,450.00 389,512,282.00 389,512,282.00 174,155,767.47 263,833,044.29 210,173.18 204,691.66 210,173.18 89,887,450.00 89,887,450.00 174,360,459.13 174,155,767.47 56,791,003.12 32,973,125.41 23,627,106.22 23,817,877.71 23,627,106.22 23,817,877.71 23,627,106.22 23,817,877.71 80,418,109.34 56,791,003.12 79,438,842.66 55,811,736.44 40,168,509.25 24,204,179.43 15,681,692.40 15,964,329.82 15,681,692.40 15,964,329.82 55,850,201.65 40,168,509.25 81,608,489.25 50,842,272.52 58,451,896.16 70,548,424.26 58,784,412.72 39,782,207.53 81,275,972.69 81,608,489.25

2003.12.31 2004.12.31 34,794,185.81 17,002,887.04 5,111,562.51 5,111,562.51 46,685,510.34 16,574,335.84 2,622,560.60 5,111,562.51 5,111,562.51 14,085,333.93 18,219,849.97 14,380,326.44 32,600,176.41 1,120,117.17 38,388.13 890,047.00 890,047.00 268,458.30 365,152.49 38,388.13 135,082.32 135,082.32 268,458.30 754,964.68 754,964.68 754,964.68 6,320,000.00 985,418.33 7,305,418.33 6,320,000.00 985,418.33 7,305,418.33 100,886.00 100,886.00 100,886.00 100,886.00 2,600,000.00 2,600,000.00 2,600,000.00 44,935,188.98 18,026,693.50 8,601,609.51 8,601,609.51 54,360,272.97