2 3 4 7 9 11 12 17 19 21 51 1

2003 2004 4 8 2004 3 29

2 3 4 7 9 11 12 17 19 21 51 1

, SHENZHEN TIANMA MICROELECTRONICS CO., LTD 22 0755 83793863 83790775 83790431 sztmzq@sz.gd.cninfo.net 22 22 518031 http://www.tianma.com.cn admin@tianma.com.cn http://www.cninfo.com.cn 22 A 000050 1983 11 8 2

22 4403011019757 440301192183445 2006 55,178,235.67 46,426,567.18 45,138,938.25 136,744,119.68 2,275,563.91 54,141,688.91-327,261.12 606,707.88 430,419.51-106,336,873.59 2003 2002 2002 2001 2001 635,780,184.69 325,573,860.41 325,573,860.41 278,936,200.85 278,936,200.85 46,426,567.18-34,854,045.12 29,004,439.30 24,630,376.30 16,680,296.01 1,166,369,369.75 1,023,249,108.30 1,023,394,365.15 857,071,330.34 849,066,286.43 ( ) 705,295,910,16 654,279,955.99 660,171,911.81 698,858,765.51 689,134,001.11 0.350-0.263-0.218 0.186 0.126 0.340-0.289-0.245 0.135 0.090 5.31 4.93 4.97 5.26 5.19 5.21 4.86 4.93 5.23 5.17 0.003 0.359 0.359 0.595 0.595 % 6.58% -5.33% 4.39% 3.52% 2.42% --------------------------------------------------------------------------- 9 2002 2003 2003 (%) ( / ) 19.39% 20.01% 1.0299 1.0299 7.68% 7.92% 0.4078 0.4078 6.58% 6.79% 0.3497 0.3479 6.40% 6.60% 0.3400 0.3400 2002 (%) ( / ) 3

10.33% 10.56% 0.5137 0.5137 (4.48%) (4.59%) (0.2230) (0.2230) (4.39%) (4.49%) (0.2185) (0.2185) (4.92%) (5.03%) (0.2448) (0.2448) 132,770,000.00 495,489,841.72 27,331,579.02 17,152,874.19-12,572,383.12 660,171,911.81 1,071,934.71 3,385,418.41 1,692,709.20 41,348,439.58 47,498,501.89 2,374,503.54 2,374,503.54 132,770,000.00 496,561,776.43 30,716,997.43 16,471,079.85 28,776,056.45 705,295,910.16 1 1,071,934.71 2003 2 3,385,418.41 2003 3 1,692,709.20 2003 4 41,348,439.58 2003 5 45,123,998.35 2003 1 96,373,000 0 96,373,000 16,909,000 0 16,909,000 79,464,000 0 79,464,000 4

2 3 4 96,373,000 0 96,373,000 1 36,314,228 +38,192 36,352,420 2 3 4 82,772-38,192 44,580 36,397,000 0 36,397,000 132,770,000 0 132,770,000 2001 1 16,500,000 352,938,420.94 2001 1 23 2003 12 31 16,793 10 ( 2003 12 31 ) 16,793 ( ) ( ) 0 79,464,000 59.851 0 16,909,000 12.736 372,192 372,192 0.280 0 282,449 0.213 0 221,784 0.174 172,129 172,129 0.130 12,500 155,022 0.117 153,813 153,813 0.116 150,000 150,000 0.113 150,000 150,000 0.113 5

(1) (2) 5% (3) 5% (4) 10 ( 2003 12 31 ) ( ) ( ) 372,192 372,192 0.280 0 282,449 0.213 0 221,784 0.174 172,129 172,129 0.130 12,500 155,022 0.117 153,813 153,813 0.116 150,000 150,000 0.113 150,000 150,000 0.113 146,474 146,474 0.110 144,100 144,100 0.109 1997 6 20 642,000,000 79,464,000 6

1982 4 80,000,000 : ( ) 10% 10% : 1987 4 200,000 : : ;, ; : ( [1987]122 ) 1 7

( ) ( ) 41 2003/1-2004/5 0 0 58 2003/11-2004/5 0 0 44 2002/3-2004/5 0 0 35 2003/5-2004/5 0 0 33 2002/12-2004/5 36 2002/12-2004/5 0 0 64 2002/6-2004/5 0 0 65 2002/6-2004/5 0 39 2003/11-2004/5 0 0 54 2001/5-2004/5 0 0 51 2002/3-2004/5 0 0 49 2001/5-2004/5 26,100 26,100 45 2003/5-2004/5 0 0 59 2001/5-2004/5 18,480 18,480 34 2003/5-2004/5 0 0 35 2003/5-2004/5 0 0 51 2001/5-2004/5 0 0 46 2001/8-2004/5 0 0 2 1 2003/5-2006/5 2 2003/5-2006/5 3 2001/11-2004/11 4 2003/5-2006/5 5 2003/5-2006/5 6 2003/5-2006/5 7 8

2001/11-2004/11 3 1 18 165.8 61.5 57.6 2 61.5 1,15-21 4,9-12 3 3 3 ( ) 4 4 2003 1 26 2003 4 25 2003 5 22 2003 8 7 2959 21 115 164 33 2548 211 140 60 9

1 9 5 1 3 3 1 2 3 2003 7 28 8 1 9 2 [2003]186 4 2003 11 26 2003 5 1 2 10

3 4 5 6 1 2003 4 17 2003 5 22 22 7 96,852 535 13277 72.95% 00 00 00 00 00 2003 5 23 2 2002 12 25 2003 2003 1 26 22 7 96,464,396 13,277 72.66% 2003 1 28 2003 10 21 2003 2003 11 26 22 11

4 96,417,580 13,277 72.62% 2003 11 27 3. 2003 1 26 2003 2003 5 22 2003 11 26 2003 63,578 5,518 3,088 3,600 STN 2004 1. LCD LCM 1 2003 63,578 49,828 13,674 21.63% 12

RMB RMB (%) 176,026,782.74 128,569,638.28 26.96 459,753,401.95 369,711,580.42 19.58 2 (RMB ) 255,614,247.48 40.20% 380,165,937.61 59.80% 2 3 22,907 50.56% 39,851 62.69% 4 2003 JIT 1 2001 1 A 16,50 352,938,420.94 2 2001 2002 1 STN LCD 19,788 18,288 1,500 2 LCM 8,000 7,500 500 3 STN LCD 7,700 0 7,700 13

:. (3) 35,488 25,788 9,700 352,938,420.94 2003 12 31 486,660,061.93 ( 292,938,420.94 6,000 ) 91,420,500.17 STN-LCD 404,758,971.25 LCM 81,901,090.68 (4) CSTN-LCD ( STN-LCD ) 4,288 LCM 4,700 2002 2003 22,536,399.23, 35,609,341.56 CSTN-LCD 34,896,600.88 1,025 2003 12 31 2003 2002 (%) 116,636.94 102,339.44 13.97% 337.96 147.10 129.17% 70,529.59 66,017.19 6.84% 13,674.41 6,820.43 100.49% 4642.66-2900.44 260.07% 1 : 2 : 3 : 14

4 : 1 2. 3. ERP, 4. 5. 1 (1) 2003 1 26 15

2003 1 28 2 2003 4 15 22 00 00 00 00 00 00 00 00 2001 2003 4 17 (3) 2003 4 25 22 2003 4 29 4 2003 5 22 5 2003 8 7 00 00 00 00 2003 8 8 6 2003 8 8 2001 2002 7 2003 10 13 2003 10 15 (8) 2003 10 20 2003 2003 2003 10 21 9 2003 11 8 2003 16

HYVIX 10 2003 12 10 2003 2 2002 2003 5 22 2003, 2003 1 1 280 2003 12 31 46,426,567.18-12,572,383.12 33,854,184.06, 10% 3,385,418.41, 5% 1,692,709.20 28,776,056.45 2003 2003 13,277 10 10 1 2003 4 15 22 00 00 00 00 00 00 00 17

00 2001 2003 4 17 2 2003 8 7 22 00 00 00 2003 8 8 3 2003 10 13 22 2003 10 15 1. 2. 3. 2001 1650 A 352,938,420.94 2003 12 31 CSTN-LCD ( STN-LCD ) 4,288 LCM 4,700 2002 2003 22,536,399.23, 35,609,341.56 LCM 3,500 CSTN-LCD 1,025 2003 CSTN-LCD 18

4. 41,000,000.00 2003 3 27 4 14 5. 2002 18 2003 1 1 6. 7. 2003 AA 2003 2003 6 25 [ 7 15 (2003) 1-1 ] 7 16-36.364 20 55% 19

100 HYVIX CO., LTD LCD (LCD) 150 400 100 25% STN-LCD 2003 11 8 12 6 2004 3 5 TIANMA 1-20 100 TIANMA LCD LCM 2004 3 18 2. SEKWANG TECHNOLOGIES CO., LTD - [ TIANMA MICROELECTRONICS(KOREA) Co., Ltd.] 100 51 51% 49 49% 100 LCD ;, LCD 5% 2002 18 2001 1.5 2003 4 2 20

2003 [2004]39 21

2003 1 2-3 4 5-6 7 8 9 10-27 22

[2004] 39 : 2003 12 31 2003 2003 12 31 2003 2004 25 23

2003 : 2003.12.31 2002.12.31.1 80,133,651.97 186,470,525.56.7.2 420,901.96 494,102.08.3 35,831,915.00 - - - - -.4 227,901,374.56 92,465,678.95.5 5,329,706.22 16,548,669.95.6 3,199,374.72 13,051,521.17 - -.9.7 184,691,486.18 177,336,403.50.8 258,414.72 435,229.50 - - - - 537,766,825.33 486,802,130.71 :.10.9 5,409,765.08 6,017,265.08 - - 5,409,765.08 6,017,265.08 :.11.10 745,775,538.20 309,362,240.69 :.11.10 149,380,652.73 129,545,255.72 596,394,885.47 179,816,984.97 :.11.10 454,349.24 582,812.46 595,940,536.23 179,234,172.51.11 11,132,301.35 -.12.12 14,092,386.04 348,235,071.96 621,165,223.62 527,469,244.47.14.13 86,192.64 -.15.14 1,941,363.08 3,105,724.89-2,027,555.72 3,105,724.89 : 24

- - 1,166,369,369.75 1,023,394,365.15 2003 ( ) 2003.12.31 2002.12.31 :.15 322,427,200.00 284,697,100.00 - -.16 120,790,489.02 72,645,769.15.17-3,944,861.08 - -.18 638,232.82 776,268.91 - - 8,166,393.36 (3,445,743.63).19 - -.20 3,833,441.49 2,873,061.49.21 1,838,127.50 260,136.34 - - - - 457,693,884.19 361,751,453.34 : - - - - - -.22 3,379,575.40 1,471,000.00 - - 3,379,575.40 1,471,000.00 - - 461,073,459.59 363,222,453.34 - - :.23 132,770,000.00 132,770,000.00 - - 132,770,000.00 132,770,000.00 25

.24 496,561,776.43 495,489,841.72.25 47,188,077.28 44,484,453.21 : 16,471,079.85 17,152,874.18.26 28,776,056.45 (12,572,383.12) 705,295,910.16 660,171,911.81 1,166,369,369.75 1,023,394,365.15 : : : 2003 2003 2002.17.27 635,780,184.69 325,573,860.41-635,780,184.69 325,573,860.41.28 498,281,218.70 257,169,236.64.29 754,846.31 200,319.17 136,744,119.68 68,204,304.60 :.30 2,275,563.91 1,973,147.95 : 12,418,773.96 9,197,767.41 54,098,751.76 78,203,773.23.31 18,360,468.96 12,384,001.29 54,141,688.91 (29,608,089.38).32 (327,261.12) 415,016.52.33 757,100.00 -.34 1,035,324.69 5,496,517.49.35 428,616.81 2,002,551.97 55,178,235.67 (25,699,107.34) 8,751,668.49 3,305,331.96 - - 46,426,567.18 (29,004,439.30) (12,572,383.12) 16,432,056.18 26

- - 33,854,184.06 (12,572,383.12) 3,385,418.41-1,692,709.20-28,776,056.45 (12,572,383.12). - - - - - - - - 28,776,056.45 (12,572,383.12) : : : 2003 519,712,328.24 1,018,223.19.36 2,837,215.74 523,567,767.17 390,819,418.21 43,811,908.99 26,955,147.78.37 61,550,872.68 523,137,347.66 430,419.51 27

- 353,439.00 - - 353,439.00 130,460,055.77 - - 130,460,055.77 (130,106,616.77) - 415,231,262.01.38 1,157,100.00 416,388,362.01 377,493,662.00 15,555,376.34-393,049,038.34 23,339,323.67 - (106,336,873.59) ( ) 2003 1. 46,426,567.18 6,076,908.77 21,905,168.32 2,467.36 1,164,361.81 176,814.78 1,577,991.16 ( ) 28

- 62,832.23 15,555,376.34 ( ) (353,439.00) ( ) - ( ) (9,594,757.89) ( ) (153,481,497.09) ( ) 70,911,625.54-430,419.51 2. 3. 80,133,651.97 186,470,525.56 - - (106,336,873.59) : : : 29

: : 2003-1-1 2003-12-31 55,045,698.13 3,284,996.66 -- 58,330,694.79 6,808,004.82 3,835,648.22 -- 10,643,653.04 48,237,693.31 (550,651.56) -- 47,687,041.75 503,098.36 73,200.12 -- 576,298.48 503,098.36 73,200.12 -- 576,298.48 6,538,112.16 2,239,675.21 -- 8,777,787.37 3,984,321.08 1,363,692.25 -- 5,348,013.33 2,553,791.08 875,982.96 -- 3,429,774.04 67,500.00 607,500.00 -- 675,000.00 67,500.00 607,500.00 -- 675,000.00 582,812.46 (128,463.22) -- 454,349.24 555,603.19 (127,107.80) -- 428,495.39 25,242.77 (1,355.42) -- 23,887.35 1,966.50 -- -- 1,966.50 -- -- -- -- -- -- -- -- -- -- -- -- : : : 30

: : 2003 2002 132,770,000.00 132,770,000.00 -- -- -- -- -- -- 132,770,000.00 132,770,000.00 495,489,841.72 495,447,491.72 1,071,934.71 42,350.00 -- -- -- -- -- 42,350.00 1,071,934.71 -- -- -- 496,561,776.43 495,489,841.72 27,331,579.02 27,331,579.02 3,385,418.41 -- 3,385,418.41 -- -- -- 30,716,997.43 27,331,579.02 30,716,997.43 27,331,579.02 17,152,874.19 17,152,874.19 1,692,709.20 -- 1,692,709.20 -- 2,374,503.54 -- 16,471,079.85 17,152,874.19 (12,572,383.12) 16,432,056.18 46,426,567.18 (29,004,439.30) 5,078,127.61 -- 28,776,056.45 (12,572,383.12) : : : 31

2003 1 (1,668,014.73) 2 64,541,765.35 -- -- -- 3 39,270,145.65 19,242,392.95 -- -- 25,271,619.70 4 -- 1 (1,668,014.73) 2 25,271,619.70 3 19,242,392.95 4 4,361,212.02 32

2003. 1983 10 24 (1983)411 06549 ( ) (1992) 1460 00736 6945 1994 4 13.1995 1 10 (1995)2 7550 1290 5160 1100 1997 8 5 1997 100 2000 12 22 2000 230, A 1650 13277. 1. 2. 1 1 12 31 3. 4., 5. ( ) 6. 7 33

,, 8. ; 1 1 5% 1-2 10 % 2-3 15 % 3 30 % 9.,,,, 10. a. b.,,,, 10 c.,, 20%, 20%,, ; 34

,,, ;,,,,, a. b.,,, c.,,,,,,,,,, 11. (1) : 2,000.00 2 : 3 ( ) ( ) ( ) ( ) ( ) 4 : 35

( 5%) ( ) (%) 35 2.72% 10 9.50% 5 19.00% 6 15.83% 5 19.00% 12. 3 13. (1) a. b. c. (2) a. b. (3) 3 (4) 14., ;, 10 36

37 (1) (2) (3) (4) (1) (2) (3) 15. a. b. 5 16. (1) (2) 17. ( ) 18. 19.

2003 9 2 [2003]186 2002 825 2003 10 15 2002 532.31 825 5,704,348.97 [2003]120 145,256.85 20. [1995]11 (1996)2. 17% 5% 1% 3% 15% 1 2003-12-31 2002-12-31 RMB 150,885.13 150,885.13 24,200.79 24,200.79 HKD 23,877.02 25,445.74 10,339.47 10,973.28 USD 2,767.56 22,906.26 3,410.28 28,227.91 JPY 38,053.54 2,933.93 42,053.54 2,901.69 202,171.06 66,303.67 RMB 52,978,482.88 52,978,482.88 104,274,454.54 104,274,454.54 HKD 3,758,801.51 4,005,754.77 16,250,042.02 17,246,169.60 USD 2,743,002.97 22,703,012.67 4,804,772.95 39,770,547.14 JPY 1,485,293.00 114,516.09 2,204,490.37 152,109.84 79,801,766.41 161,443,281.12 129,714.50 24,960,940.77 80,133,651.97 186,470,525.56 57.03% 2. 38

2003-12-31 2002-12-31 997,200.44 576,298.48 420,901.96 997,200.44 503,098.36 494,102.08 : 2003-12-31 997,200.44 399,970.00 2003 12 31 3. 2003 12 31 35,831,915.00 4. 2003-12-31 (%) 219,706,102.65 92.10 6,426,988.73 213,279,113.92 5,010,165.44 2.10 501,016.54 4,509,148.90 2,886,533.91 1.21 432,980.09 2,453,553.82 10,942,225.60 4.59 3,282,667.68 7,659,557.92 238,545,027.60 100.00 10,643,653.04 227,901,374.56 2002-12-31 (%) 88,312,959.50 88.96 4,415,647.98 83,897,311.52 1,336,172.93 1.35 133,617.29 1,202,555.64 4,190,838.96 4.22 628,625.84 3,562,213.12 5,433,712.38 5.47 1,630,113.71 3,803,598.67 99,273,683.77 100.00 6,808,004.82 92,465,678.95 A 30-60 30-60 B 10,942,225.60 C 5% D % 116,752,413.00 1 48.94 TIANMA MICROELECTRONICS (USA) INC. 10,142,033.78 1 4.25 7,151,167.95 1 3.00 Unirersal Progress Holding Ltd 5,276,164.50 1 2.21 5,014,000.00 1 2.10 39

144,335,779.23 60.50% 40

5 2003-12-31 % 3,769,530.56 7.11 188,476.53 3,581,054.03 3,000.00 0.01 300.00 2,700.00 46,750,000.00 88.18 46,750,000.00 -- 2,494,217.41 4.70 748,265.22 1,745,952.19 53,016,747.97 100.00 47,687,041.75 5,329,706.22 2002-12-31 % 3,639,593.92 5.62 181,979.70 3,457,614.22 55,079,269.90 85.02 47,082,969.94 7,996,299.96 5,650,041.11 8.72 847,506.17 4,802,534.94 417,458.33 0.64 125,237.50 292,220.83 64,786,363.26 100.00 48,237,693.31 16,548,669.95 (1) : 46,750,000.00 2-3 3,684,576.83 1 -- 1,655,620.00 3 591,097.30 3 (2) 5%( 5%) (3) 2003-12-31 49,167,817.30 3,684,576.83 164,353.84 53,016,747.97 4 2003 12 31 6 2003-12-31 2002-12-31 41 (%) (%) 3,199,374.72 100 12,004,453.22 91.98 -- -- -- -- -- -- 1,047,067.95 8.02 -- -- -- -- 3,199,374.72 -- 13,051,521.17 100

1 1 2 5%( 5%) (3), : 2,787,787.92 1 -- Dupont Hologiaphics.Inc 337,412.26 1 74,174.54 1 75.49% 7 2003-12-31 81,177,395.39 3,429,774.04 77,747,621.35 29,108,404.56 -- 29,108,404.56 83,054,063.25 5,348,013.33 77,706,049.92 129,410.35 -- 129,410.35 193,469,273.55 8,777,787.37 184,691,486.18 2002-12-31 87,587,685.49 2,553,791.08 85,033,894.41 20,135,565.08 -- 20,135,565.08 76,021,854.74 3,984,321.08 72,037,533.66 129,410.35 -- 129,410.35 183,874,515.66 6,538,112.16 177,336,403.50 : 8. 2002-12-31 2003-12-31 870,459.00 435,229.50 -- 435,229.50 -- 353,652.75 -- 353,652.75 95,238.03 258,414.72 435,229.50 353,652.75 530,467.53 258,414.72 9. 2002-12-31 2003-12-31 6,084,765.08 -- -- 6,084,765.08 67,500.00 607,500.00 -- 675,000.00 6,017,265.08 5,409,765.08 42

2003-12-31 60,361,647.00 1,500,000.00 2.49% 398,000,000.00 675,000.00 0.17% 5,706,818,030.00 3,909,765.08 0.07% 6,084,765.08 2002-12-31 2003-12-31 67,500.00 607,500.00 -- 675,000.00 10. 2003-1-1 2003-12-31 107,021,875.35 191,970,276.81 2,675,783.80 296,316,368.36 164,016,082.34 232,441,914.90 5,364.00 396,452,633.24 5,131,636.60 4,594,668.00 203,046.85 9,523,257.75 25,259,948.77 3,154,315.11 630,496.31 27,783,767.57 7,932,697.63 3,576,681.79 100,805.00 11,408,574.42 309,362,240.69 435,737,856.61 3,615,495.96 741,484,601.34 21,009,153.49 5,303,569.05 720,588.68 25,737,390.71 79,594,139.18 12,203,170.50 2,002.38 91,795,307.30 4,189,178.44 815,770.60 184,757.49 4,820,191.55 19,248,790.10 1,621,675.43 563,962.67 20,306,502.84 5,503,994.51 1,313,030.54 95,764.75 6,721,260.33 129,545,255,72 21,257,216.12 1,567,075.96 149,380,652.73 179,816,984.97 592,103,948.61 582,812.46 -- 128,463.22 454,349.24 179,088,915.66 595,940,536.23 2002-12-31 2003-12-31 -- 4 939 146.76 648,209.90 4,290,936.86 (1) (2) 425,563,186.09 (3) 43

11. 2003-12-31 2002-12-31 11,132,301.35 -- 11,132,301.35 -- -- -- 12. LCD 2003-12-31 2002-12-31 354,881,500.00 354,881,500.00 348,235,071.96 29,255,763.31 91,420,500.17 318,979,308.65 425,563,186.09 -- -- -- 14,092,386.04* 348,235,071.96 100% 98% * A. B. 13. 2002-12-31 44 ( ) 2003-12-31 88,660.00 -- 88,660.00 2,467.36 86,192.64 9 14. : 370,200.00 7,346,604.69 7,716,804.69 197,440.00 2,908,284.89 3,105,724.89 -- -- -- 74,040.00 1,090,321.81 1,164,361.81 246,800.00 5,528,641.61 5,775,441.61 123,400.00 1,817,963.08 1,941,363.08 2 1 37.49% 15. 2003-12-31 2002-12-31 RMB190,000,000.00 -- 190,000,000.00 RMB 210,000,000.00 -- 210,000,000.00 -- -- -- HKD 47,000,000.00 1.0613 49,881,100.00 USD 16,000,000.00 8.2767 132,427,200.00 USD 3,000,000.00 8.2773 24,816,000.00 322,427,200.00 284,697,100.00 27.57%

16. 2003-12-31 2002-12-31 (%) (%) 99,653,976.43 82.50 71,993,003.85 99.10 20,923,308.32 17.32 544,350.43 0.75 104,789.40 0.09 -- -- 108,414.87 0.09 108,414.87 0.15 120,790,489.02 100 72,645,769.15 100 5%( 5%) 66.27% 45 17. 2003-12-31 2002-12-31 (%) (%) -- -- 3,000,000.00 76.05 -- -- 944,861.08 23.95 -- -- 3,944,861.08 100 18. 2003-1-1 2003-12-31 776,268.91 3,055,250.43 3,193,286.52 638,232.82 19. 2003-12-31 2002-12-31 4,361,212.02 (1,668,014.73) -- 20,238.34 -- (8,937.88) 224,745.90 224,745.94 -- 7,682.04 3,580,435.44 (2,021,457.34) 8,166,393.36 (3,445,743.63) 20. 2003-12-31 2002-12-31 (%) (%) 3,554,411.94 92.72 2,239,301.20 77.95 214,000.00 5.58 446,604.54 15.54 2,000.00 0.06 187,155.75 6.51 63,029.55 1.64 -- -- 3,833,441.49 100.00 2,873,061.49 100 5%( 5%) 45

: 1,237,758.07 2003 1,142,847.61 2003 1,123,266.43 2002 21. 2003-12-31 2002-12-31 * 1,838,127.50 -- -- 260,136.34 1,838,127.50 260,136.34 * 98 (98)29 3% 22. 2002-12-31 2003-12-31 ODS 1,471,000.00 -- 91,424.60 1,379,575.40 -- 2,000,000.00 -- 2,000,000.00 1,471,000.00 2,000,000.00 91,424.60 3,379,575.40 ODS 2000 11 27 CNC/QX-RC01/04 2003 12 16 [2003]536 23. 1. 2002-12-31 2003-12-31 16,909,000.00 -- -- -- 16,909,000.00 79,464,000.00 -- -- -- 79,464,000.00 2. -- -- -- -- -- -- 96,373,000.00 -- -- -- -- 96,373,000.00 -- 1. 33,440,000.00 -- -- -- -- 33,440,000.00 82,772.00 -- (38,192.00) (38,192.00) 44,580.00 2. 2,957,000.00 -- -- -- 2,957,000.00 36,397,000.00 -- -- -- -- 36,397,000.00 132,770,000.00 -- -- -- -- 132,770,000.00 2002 001 24. 2002-12-31 2003-12-31 483,575,480.00 -- -- 483,575,480.00 11,859,595.72 -- -- 11,859,595.72 46

12,416.00 -- -- 12,416.00 42,350.00 -- -- 42,350.00 -- 1,071,934.71* -- 1,071,934.71 495,489,841.72 1,071,934.71 -- 496,561,776.43 * 25. 2002-12-31 2003-12-31 27,331,579.02 3,385,418.41 -- 30,716,997.43 17,152,874.19 1,692,709.20 2,374,503.54* 16,471,079.85 44,484,453.21 5,078,127.61 2,374,503.54 47,188,077.28 * [2003]120 26. 2003 (18,421,988.94) * 5,849,605.82 (12,572,383.12) 46,426,567.18 1. 10% 3,385,418.41 2. 5% 1,692,709.20 -- 28,776,056.45 2003 9 2 [2003]186 5,704,348.97 [2003]120 145,256.85 5,849,605.82 27. 2003 2002 635,780,184.69 325,573,860.41 (1) : % 216,282,949.40 34.02 79,552,650.00 12.52 56,809,471.50 8.94 TIANMA MICROELECTRONICS (USA) INC. 26,388,270.63 4.15 Rutronik Elektonische bauelemente Gmbh 19,473,727.61 3.06 47

(2) % 255,614,247.48 40.20 380,165,937.21 59.80 28. 2003 2002 498,281,218.70 257,169,236.64 29. 2003 2002 190,239.70 25,337.95 564,606.61 174,981.22 754,846.31 200,319.17 30. 2002 175,800.00 137,255.36 38,544.64 33,118.72 3,050.00 -- 3,050.00 597,429.86 714,195.81 379,394.77 334,801.04 217,459.55 1,128,042.08 157,758.70 970,283.38 1,125,139.82 928,884.85 -- 928,884.85 -- 2,949,972.74 674,408.83 2,275,563.91 1,973,147.95 31. 2003 2002 15,555,376.34 10,212,059.58 1,075,957.90 1,690,751.60 ( ) 2,579,713.39 2,755,281.21 1,301,337.13 1,107,412.10 18,360,468.96 12,384,001.29 32. 2003 (73,200.12) -- (73,200.12) -- -- -- -- (254,061.00) (254,061.00) ( ) -- -- -- (73,200.12) (160,570.84) (327,261.12) 33. 2003 2002 757,100.00 -- 2002 6 17 [2002]28 COG TAB 48

34. 2003 2002 558,019.70 5,219,863.92 335,773.89 -- 141,531.10 276,653.57 1,035,324.69 5,496,517.49 35. 2003 2002 62,832.23 299,219.20 216,818.07 14,728.80 148,966.51 1,378,563.02 -- 310,040.95 428,616.81 2,002,551.97 36. 2003 1,075,957.90 1,761,257.84 2,837,215.74 37. 2003 39,813,669.71 21,737,202.97 61,550,872.68 38. 2003 1,157,100.00 (1) (2) 642,000,000.00 -- -- 642,000,000.00 80,000,000.00 -- -- 80,000,000.00 49

(3) % % % % 79,464,000.00 59.85 -- -- -- -- 79,464,000.00 59.85 (4) A 2003 12 31 HKD2,542,407.36 2,698,256.93 B. 2003 12 31 2004 3 25 2003 12 31-36.364 20 55% 1 2002 2003 2003 2002 1.17 1.35 0.77 0.86 0.39 0.35 3.76 3.53 2.64 1.52 5.31 4.97 2 9 2002 2003 50

2003 (%) ( / ) 19.39% 20.01% 1.0299 1.0299 7.68% 7.92% 0.4078 0.4078 6.58% 6.79% 0.3497 0.3479 6.40% 6.60% 0.3400 0.3400 2002 (%) ( / ) 10.33% 10.56% 0.5137 0.5137 (4.48%) (4.59%) (0.2230) (0.2230) (4.39%) (4.49%) (0.2185) (0.2185) (4.92%) (5.03%) (0.2448) (0.2448) 3 = = (ROE) ROE = P/(E0 NP 2 Ei X Mi M0 Ej X Mj M0) :P NP ;E0 Ei Ej M0 Mi Mj EPS EPS = P / ( S0 S1 Si X Mi M0 Sj X Mj M0 ) :P S0 S1 Si Sj M0 Mi Mj 51

( ) ( ) ( ) 52