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SHENZHEN KAIFA TECHNOLOGY CO., LTD.

: 2006 000021.. 2.. 3.. 5........ 10.... 16.... 18.... 20.... 34.... 36.... 46......46-1 -

: 2006 000021 SHENZHEN KAIFA TECHNOLOGY CO., LTD. KAIFA 7006 0755-83200095 0755-83205285 0755-83275075 stock@kaifa.cn 7006 518035 http: / / www.kaifa.com.cn stock@kaifa.cn http: / / www.cninfo.com.cn 000021 1985 7 4 7006 111183 440301618873567 100 2000 2008-2 -

: 2006 000021 362,739,765.62 341,185,208.41 * 343,773,437.28 384,014,682.75 21,138,536.69 280,786,554.56 101,531,829.19 787,900.00-20,366,518.13 712,393,827.18 443,453,997.83-3,452,545.68 787,900.00-380,329.46 456,746.27-2,588,228.87-3 -

: 2006 000021 2006 2005 2004 10,296,723,134.68 8,059,216,077.71 6,921,286,997.11 341,185,208.41 315,346,146.77 227,654,010.49 3,979,733,657.51 4,272,122,655.16 4,007,567,775.58 3,102,585,454.44 2,867,357,696.47 2,661,587,599.47 0.3879 0.4303 0.3106 0.3909 0.3893 0.3147 3.5276 3.9122 3.6314 3.5207 3.9105 3.6306 0.8100 0.2402 0.7802 (%) 11.00% 11.00% 8.55% (%) 11.08% 9.95% 8.67% 879,518,521 732,932,101-4 - ( / ) 2006 2005 2006 2005 2006 2005 2006 2005 12.38% 15.17% 12.64% 15.73% 0.4366 0.5933 0.4366 0.5933 9.05% 10.68% 9.24% 11.07% 0.3193 0.4177 0.3193 0.4177 11.00% 11.00% 11.23% 11.41% 0.3879 0.4303 0.3879 0.4303 11.08% 9.95% 11.32% 10.32% 0.3909 0.3893 0.3909 0.3893 732,932,101.00 146,586,420.00-879,518,521.00 2005 10 2 529,651,398.58 414,034.37-530,065,432.95 871,290,277.53 228,158,719.76 194,040,198.92 905,408,798.37 2005 194,040,198.92-194,040,198.92 - [ 23] 623,544,104.21 341,185,208.41 180,704,940.84 784,024,371.78 : - 351,807,408.40-351,807,408.40 109,939,815.15-109,939,815.15 - - 3,568,330.34-3,568,330.34 2,867,357,696.47 719,912,712.88 484,684,954.91 3,102,585,454.44 2005

: 2006 000021 1. + - (%) (%) 533,138,427 72.74 94,640,065-59,938,102 34,701,963 567,840,390 64.56 1 2 410,163,000 55.96 72,617,388-47,076,057 25,541,331 435,704,331 49.54 3 3,788,427 0.52 737,169-102,580 634,589 4,423,016 0.50 3,000,000 0.41 532,178-339,108 193,070 3,193,070 0.36 788,427 0.11 204,991 236,528 441,519 1,229,946 0.14 4 119,187,000 16.26 21,285,508-12,759,465 8,526,043 127,713,043 14.52 119,187,000 16.26 21,285,508-12,759,465 8,526,043 127,713,043 14.52 199,793,674 27.26 51,946,355 59,938,102 111,884,457 311,678,131 35.44 1 199,793,674 27.26 51,946,355 59,938,102 111,884,457 311,678,131 35.44 2 3 4 732,932,101 100 146,586,420 0 146,586,420 879,518,521 100 2. 1 2 A) 2006 4 20 10 3 60,174,630 2006 5 22 732,932,101 532,350,000 200,582,101 473,200,325 1,024,955 259,731,776-5 -

: 2006 000021 B) 2006 6 15 2005 732,932,101 10 2 1.5 732,932,101 879,518,521 3 2005 788,427 1,229,946 4 1993 11 22 500 4.65 1994 8 26 4,553,500 1,225,266 3. 2007 5 22 56,788,997 509,821,447 368,467,128 12 2008 5 22 871,392 508,950,055 369,338,520 24 2009 5 22 508,950,055 0 878,288,575 36 4. 10 1 435,704,331 2009 5 22 435,704,331 36 2 ( ) 73,245,724 2009 5 22 73,245,724 36 2007 5 22 43,975,926 12 3 44,847,318 12 2008 5 22 871,392 5 24 10 4 9,620,001 2007 5 22 9,620,001 12 5 3,193,070 2007 5 22 3,193,070 12-6 -

: 2006 000021 1. 2006 12 31 108,682 2 2. 108,682 49.54% 435,704,331 435,704,331 0 8.33% 73,245,724 73,245,724 0 5.10% 44,847,318 44,847,318 0 1.09% 9,620,001 9,620,001 0 0.97% 8,499,748 0 0.55% 4,813,239 0 0.38% 3,369,073 0 0.36% 3,193,070 3,193,070 0 0.34% 3,023,505 0 0.33% 2,901,014 0 10 8,499,748 4,813,239 3,369,073 3,023,505 2,901,014 2,550,000 2,500,300 2,252,856 100 2,185,293 1,918,880-7 -

: 2006 000021 100 1 2 2006 4 27 3. 1998 3 20 1,197,742,000 H 0074 1998 3 20 1999 8 5 PC PC 4. CEC 2006 9 21 2006 10 17 2007 1 6 CEC - 8 -

: 2006 000021 1989 5 26 5,973,443.785.76 5. 100% 100% 62.11% 49.54% 6. 10% 10% 10% 10% - 9 -

: 2006 000021 ( )( ) 1961.09 2004.06-2007.06 - - - - 1948.02 2004.06-2007.06 714,025 1,113,878 399,853 73.57 1950.01 2004.06-2007.06 - - - - 1958.11 2004.06-2007.06 71,402 111,388 39,986 57.75 1959.10 2005.05-2007.06-0 - 2.33 1955.02 2005.11-2007.06 3,000 4,680 1,680 0.58 1941.04 2004.06-2007.06 - - - 3.50 1953.12 2004.06-2007.06 - - - 3.50 1937.06 2005.05-2007.06 - - - 2.33 1956.05 2006.05-2009.05 - - - 37.44 1957.05 2006.05-2009.05 - - - 27.57 1966.11 2006.05-2009.05 - - - 24.30 1971.04 2006.05-2009.05 - - - 24.53 1962.03 2006.08-2009.05 - - - - 1963.03 2006.02-2007.06 - - - 24.38 1961.09 2004.06-2007.06 - - - 54.34 1967.09 2005.02-2007.06 - - - 48.44 1966.10 2004.10-2007.06 - - - 31.39 1 10 3 2 2005 10 2-10 -

: 2006 000021 / 2004 06-2007 06 2004 06-2007 06 ( ) 1987 01-2004 06-2007 06 ( ) 1998 07-2005 11-2007 06 2005 04-1. 1961 9 2004 6 1948 2 1985 7 1988 11 2004 6 1950 1 1998 5 2004 6 1958 11 1989 11 1990 4 2004 6-11 -

: 2006 000021 1959 10 2005 5 1955 2 4393 2005 11 1941 4 2003 5 2004 6 1953 12 2002 6 2004 6 1937 6 2005 5 2. 1956 5 35304 1990 1993 12 2006 5 1957 5 1991 2000 5 2006-12 -

: 2006 000021 1966 11 1985 IBM-HGA 2000 5 2006 1971 4 1996 2003 5 2006 5 1962 3 2006 8 3. 1963 3 2006 2 1961 9 Applied Team Conner Peripherals 1998 5 1967 9 ( ) 2005 1 1966 10-2004 10-13 -

: 2006 000021 / Excelstor Group Limited - 14 -

: 2006 000021 18 15 415.95 1. 2006 2 23 1. 2006 2 23 2006 2 25 2. 2006 8 7 2006 2006 8 8-15 -

: 2006 000021 2006 12 31 4,231 % 3,341 78.96% 39 0.92% 491 11.61% 22 0.52% 338 7.99% 4,231 100% 52 1.23% 354 8.37% 242 5.72% 2,088 49.35% 1,495 35.33% 4,231 100% 2005 80 2005 86 2006-16 -

: 2006 000021 1. 5 5 0 0 5 5 0 0 5 5 0 0 2. 1. 2. - 17 -

: 2006 000021 3. 4. 5. 2005 2006 2006 2006 4 20 2006 4 22 2005 2006 6 6 2005-18 -

: 2006 000021 1) 2005 2) 2005 3) 2005 4) 2005 5) 2005 6) 2006 7) 2006 1) < > 2) < > 3) < > 4) < > 2006 6 7 2006 2006 8 7 2006 2006 8 8 2006 2006 12 28 2006 1 2 2006 2006 12 29-19 -

: 2006 000021 2006 2007 1 PCBA OEM 1. 102.97 3.41 27.76 8.19 1 2007 1 2-20 -

: 2006 000021 2005 2006 2006 10 3 OEM OEM U OEM 5,586,897,497.68 143.91% U EPSON RoHS OEM 4 2. 2006 35% 10% - 21 -

: 2006 000021 3. 2006 MPMS SCARA ROBOT 21 2006 3 3 2006 14 6 4 4 4 DDS67 V03.01 8 DDSD67 DTSD67 2006 1 1 Suncall 4. 2006 2006 15 6Sigma 5. IT 2006 6sigma 1600 2006-22 -

: 2006 000021 6sigma DFSS 6sigma 2006 10 IE 6. 2006 1000 500 2006 83 200 2006 1. 2. 2007 2007 1. OEM - 23 -

: 2006 000021 2. 2007 3. 2007 4. 1. 2 2. 2 38-2006 12 31 3. 3 4. 18 38-5. 22 38 - - 24 -

: 2006 000021 1. 1 CAD/CAM 2 ( ) (%) ( ) % (%) 10,296,723,134.68 100% 384,417,582.63 100% 3.73% 3 ( ) (%) ( ) (%) 4,476,441,473.14 43.47% 296,231,703.02 77.06% 233,384,163.86 2.27% 33,797,488.09 8.79% OEM 5,586,897,497.68 54.26% 54,388,391.52 14.15% 10,296,723,134.68 100.00% 384,417,582.63 100.00% 4 ( ) (%) ( ) (%) 1,943,397,014.51 18.87% 155,716,132.31 40.51% 2,869,209,880.04 27.87% 201,399,213.21 52.39% 5,479,800,656.96 53.22% 26,048,328.38 6.77% 4,315,583.17 0.04% 1,253,908.73 0.33% 10,296,723,134.68 100.00% 384,417,582.63 100.00% - 25 -

: 2006 000021 5 10% 2006 2005 (%) (%) 4,476,441,473.14 4,180,209,770.12 6.62% 5,277,816,145.38 4,958,318,294.45 6.05% OEM 5,586,897,497.68 5,532,509,106.16 0.97% 2,290,585,056.48 2,230,081,328.43 2.64% 6 1.68% 7 2006 2005 % % 384,014,682.75 105.87% 434,850,329.40 122.96% 17.09 21,138,536.69 5.83% 15,784,382.01 4.46% 1.37 124,366,664.88 34.29% 144,500,481.26 40.86% 6.57 101,531,829.19 27.99% 55,368,296.52 15.66% 12.33 787,900.00 0.22% 161,800.00 0.04% 0.18-20,366,518.13-5.62% -8,008,220.94-2.26% 3.36 190,293.77 0.05% 687,949.29 0.19% 0.14 20,556,811.90 5.67% 8,696,170.23 2.46% 3.21 362,739,765.62 100% 353,656,105.73 100% - A B C EXCELSTOR GROUP LIMITED D 8 8,315,017,067.60 88.08% 9,562,501,640.68 92.87% - 26 -

: 2006 000021 2. 1 2006 2005 % 3,979,733,657.51 4,272,122,655.16-6.84% 3,102,585,454.44 2,867,357,696.47 8.20% 384,014,682.75 434,850,329.40-11.69% 341,185,208.41 315,346,146.77 8.19% 443,453,997.83 340,533,805.77 30.22% A 6.84% B 8.20% C 11.69% D 30.22% 2 2006 2005 (%) (%) 3,979,733,657.51 100% 4,272,122,655.16 100-1,705,833,472.19 42.86% 1,262,379,474.36 29.55% 794,239,842.17 19.96% 1,582,874,914.54 37.05% 100,129,424.91 2.52% 113,420,045.00 2.65% 112,828,278.85 2.84% 242,299,255.69 5.67% 426,436,888.66 10.72% 329,884,453.30 7.72% 812,598,853.15 20.42% 698,860,049.67 16.36% 0-20,074,604.82 0.47% 13.31 17.09 0.13 2.83 3.00 4.06 0.47 0-0 - - - 27 -

: 2006 000021 A B C D 3 2006 2005 (%) 9,177,457.78 16,193,391.59-43.33% 115,113,609.69 137,870,080.83-16.51% 75,597.41-9,562,991.16-100.79% 21,554,557.21 39,367,671.40-45.25% A B C D 4 2006 2005 (%) 712,393,827.18 176,071,483.47 304.60% -154,713,972.61 276,970,331.50-155.86% -111,145,600.27-106,814,708.77 4.05% A 2006 B 2005 2006 5 2006 6 1,380 2004 12 31 1,120 2005-28 -

: 2006 000021 420 2006 10 690 690 3. 1 390 100% 2006 846,659.14 5,845.14 68,603.69 2 1,600 75% 25% 2006 9,515.47 59.11 4,355.86 3 1,000 70% 30% 2006 5,134.55 2,984.97 12,022.58 4 2.51 42% 2006 117,244.14 14,164.01 84,4519.16 5 2.096 46.80% 46% 2006 22,916.66 3,104.02 21,059.80 6 EXCELSTOR GROUP LIMITED EXCELSTOR GROUP LIMITED 1,500 33.33% 2006 229,400.18 5,502.19 32,001.22-29 -

: 2006 000021 7 830 80% 2006 4 2006 12 19 4. 10% 25,136.26 117,244.14 16,113.94 14,164.01 2006 12 31 426,436,888.66 29.27% 1. 2. 1 15,000,000 13,774,923 0.46 2006 8 15 2007 1 1 18 2007 3 5 2007 4 4 1. 1 2006 4 22 9 9 2005 2005 2005 2005 2006-30 -

: 2006 000021 2006 2005 2006 2006 2006 2006 4 25 2 2006 8 23 9 9 2006 2006 2006 8 25 3 2006 10 25 9 9 2006 2006 3000 1 3000 1 3000 1 2006 10 27-31 -

4 : 2006 000021 2006 12 11 / 9 9 2006 2006 2006 12 12 5 2006 12 30 / 9 9 2007 1 18 2. 1 2006 4 20 10 3 60,174,630 2006 5 22 2 2006 6 6 2005 2005 2005 732,932,101 10 2 1.50 2006 6 9 2006 6 14 2006 6 15 2006 6 15 2006 2006 341,185,208.41 623,544,104.21 146,586,420.00 818,142,892.62 2006 2006 10% 34,118,520.84 2006 879,518,521 0.40 351,807,408.40-32 -

: 2006 000021 2007 ( 2003 56 ) 2004 338 2005 120 2006 12 31 10,303.96 2006 3.32% 1. 2. 1,380 2004 12 31 1,120 2005 420 2006 10 690 690 3. CMEC CMEC 10,303.96-33 -

: 2006 000021 2006 1. 2006 4 22 4 12005 2 2005 2005 3 2006 4 5 2006 27 2006 4 19 6 2006 4 25 2. 2006 6 6 4 4 2006 6 7 3. 2006 7 6 4 1 2 2006 7 7-34 -

: 2006 000021 4. 2006 10 25 5 5 2006 2006 2006 10 27 1. 2. 3. 4. 5. - 35 -

: 2006 000021 1,380 2004 12 31 1,120 2005 420 2006 10 690 690 1. 1 2006 2005 2006 1,558,160,199.70 37.44% - - 5,045,968.41 2.20% - - 1,563,206,168.11 - - - 1,563,206,168.11 2. 3. - 36 -

: 2006 000021 4. * 1 13,501,542.00 2,372,388.32 553,944.00 2,239,642.00 * 1 11,531,975.00 3,192,828.31 203,800.00 2,044,752.00 * 2 2,765,754.44 23,077,464.52 162,490.00 162,490.00 * 2-1,820,134.56 - - * 2-5,040,167.49 - - 27,799,271.44 35,502,983.20 920,234.00 4,446,884.00 25,033,517.00 5,565,216.63 1 2 1. 1 18,186 664,226 296,772 1 2 20,361 840,349 284,778 1 3 1,065 52,445 28,800 1-37 -

: 2006 000021 2. 2005.05.08 2,769.73 18 2005.05.08 4,556.19 18 2005.06.23 2,564.36 18 2006.05.18 2,715.97 18 2006.06.09 358.45 18 2006.06.09 108.99 18 3,183.41 10,303.96 0.00 0.00 10,303.96 3.32% 0.00 70% 50% 0.00 0.00 CMEC CMEC ENEL 2007 3 31 2,564.36 3. 0.00-38 -

: 2006 000021 4. 1 2006 1 6 3600 1 2 2006 3 6 3000 1 3 2006 3 10 3000 1 4 2007 2 16 3000 1 5 2007 3 19 3000 1 5 1. 2. ( ) 1 2 3 4 5 435,704,331 2009 5 22 435,704,331 ( ) 73,245,724 2009 5 22 73,245,724 44,847,318 2007 5 22 43,975,926 2008 5 22 871,392 9,620,001 2007 5 22 9,620,001 3,193,070 2007 5 22 3,193,070-39 - A B A 12 12 5 24 10 B A 12 12 5 24 10 1. 2006 2006 2. 36 35 1

: 2006 000021 2004 3 ( ) 2006 1 23 2006 2 9 2006 2 21 10 3 2006 4 20 2006 5 22 732,932,101 532,350,000 200,582,101 473,200,325 1,024,955 259,731,776 2006 QFII 70 50 130 100 30-40 -

: 2006 000021 2006 1 4 50 130 2006 5 3 3 2006 6 3 5 2006 8 (8 10 ) 2006 9 6 8 2006 10 3 5 2006 11 5 8 2006 12 2 3 2006 10 27 000021 CMEC ENEL 2007 3 7 2007 CMEC 1.2 2007 4 6 2,458,531 197,808.00 2007 3 8 2007 4 7-41 -

REANDA [2007] 1092 38 [2006]136 2101 38 2007 1 1 2007-42 -

2006 12 31 3,102,585,454.44 1 2 380,358.22 366,570.11 13,788.11 2 3 4 5 6 7 8 3 353,650,304.94 9 10 11 12 4-15,975,059.75 13 2007 1 1 3,440,641,057.85-43 -

( ) 2007 1 1 2006 11 [2006]136 38 2006 38 2006 38 38 1 2006 12 31 ( ) 2006 12 31 2007 4 19 [2007] 1091 2006 2 20 2006 12 31-44 -

366,570.11 2006 12 31 13,788.11 3 ( 2 ) ( 2006 12 31 20% 2006 12 31 353,650,304.94 4 2007 1 1 15,975,059.75 2007 1 1 2006 2007 2007 1 1 2007-45 -

: 2006 000021 2006 2007 1091-46 -

REANDA [2007] 1091 1-2 3-4 5 6-7 8 9 10-45

REANDA [2007] 1091 2006 12 31 2006 1 2 3 1 45

REANDA 2006 12 31 2006 2 45

2006 12 31 2006.12.31 2005.12.31 1 1,705,833,472.19 1,524,291,260.36 1,262,379,474.36 1,023,901,872.16 2 3,179,943.89 3,179,943.89 3 17,671,729.03 16,887,604.03 10,174,845.00 10,174,845.00 4 1 794,239,842.17 703,630,069.80 1,582,874,914.54 1,729,840,484.53 5 2 100,129,424.91 105,669,669.73 113,420,045.00 115,414,501.90 6 5,258,114.32 4,224,168.11 7,997,296.06 7,993,246.06 7 112,828,278.85 58,625,365.70 242,299,255.69 130,268,102.74 8 500,418.12 500,418.12 2,502,090.32 2,502,090.32 2,739,641,223.48 2,417,008,499.74 3,221,647,920.97 3,020,095,142.71 9 3 426,436,888.66 595,841,274.53 329,884,453.30 446,544,139.05 9 3-13,788.11-380,358.22-45,760.59-595,615.81 9 3-366,570.11-229,506.91 426,436,888.66 595,841,274.53 329,884,453.30 446,544,139.05 10 1,589,000,633.11 1,375,630,700.90 1,420,761,183.32 1,366,208,714.66 : 10 655,930,793.74 610,744,862.76 618,344,119.89 600,024,438.72 10 933,069,839.37 764,885,838.14 802,417,063.43 766,184,275.94 : 120,470,986.22 120,470,986.22 103,557,013.76 103,557,013.76 10 812,598,853.15 644,414,851.92 698,860,049.67 662,627,262.18 11 20,074,604.82 11,946,459.00 812,598,853.15 644,414,851.92 718,934,654.49 674,573,721.18 12 1,056,692.22 1,655,626.40 1,056,692.22 1,655,626.40 3,979,733,657.51 3,657,264,626.19 4,272,122,655.16 4,141,213,002.94 ( ) 3 45

2006 12 31 2006.12.31 2005.12.31 13 1,602,153.04 1,602,153.04 14 710,696,956.39 438,433,474.01 1,239,218,301.81 1,155,839,114.36 15 1,020,430.95 1,020,430.95 1,447,309.83 1,447,309.83 24,987,301.28 22,802,146.60 26,192,024.67 26,058,510.34 415,713.00 16 2,405,000.10 2,405,000.10 1,202,500.05 1,202,500.05 17 70,965,781.84 29,535,224.77 64,606,966.80 27,059,658.21 18 19,818,851.29 19,713,313.56 23,821,585.95 23,614,863.95 19 42,603,881.22 41,798,783.07 42,584,221.18 42,032,628.18 872,498,203.07 555,708,373.06 1,401,090,776.33 1,278,856,737.96 20 4,650,000.00 4,650,000.00 3,579,100.00 3,579,100.00 4,650,000.00 4,650,000.00 3,579,100.00 3,579,100.00 877,148,203.07 560,358,373.06 1,404,669,876.33 1,282,435,837.96 95,082.36 21 879,518,521.00 879,518,521.00 732,932,101.00 732,932,101.00 : 21 879,518,521.00 879,518,521.00 732,932,101.00 732,932,101.00 22 530,065,432.95 530,065,432.95 529,651,398.58 529,651,398.58 23 905,408,798.37 905,408,798.37 871,290,277.53 871,290,277.53 : 23 194,040,198.92 194,040,198.92 24 784,024,371.78 781,913,500.81 623,544,104.21 614,963,572.72 351,807,408.40 351,807,408.40 109,939,815.15 109,939,815.15 3,568,330.34 3,102,585,454.44 3,096,906,253.13 2,867,357,696.47 2,858,777,164.98 3,979,733,657.51 3,657,264,626.19 4,272,122,655.16 4,141,213,002.94 ( ) 4 45

2006 2006 2005 25 4 10,296,723,134.68 4,251,171,136.47 8,059,216,077.71 7,903,752,228.80 25 4 9,912,305,552.05 3,966,387,685.81 7,623,588,388.39 7,592,592,506.74 402,899.88 402,899.88 777,359.92 766,247.10 384,014,682.75 284,380,550.78 434,850,329.40 310,393,474.96 26 21,138,536.69 20,923,185.82 15,784,382.01 14,946,062.33 9,177,457.78 8,218,971.65 16,193,391.59 14,727,419.07 115,113,609.69 64,350,394.74 137,870,080.83 84,307,324.63 27 75,597.41 4,344,239.99-9,562,991.16-7,296,688.06 280,786,554.56 228,390,130.22 306,134,230.15 233,601,481.65 28 5 101,531,829.19 154,899,862.20 55,368,296.52 104,144,093.34 29 787,900.00 787,900.00 161,800.00 161,800.00 30 190,293.77 176,036.03 687,949.29 687,949.29 31 20,556,811.90 20,556,811.90 8,696,170.23 8,568,570.78 362,739,765.62 363,697,116.55 353,656,105.73 330,026,753.50 21,554,557.21 16,042,247.62 39,367,671.40 26,929,458.81-1,057,712.44 341,185,208.41 347,654,868.93 315,346,146.77 303,097,294.69 623,544,104.21 614,963,572.72 465,439,694.61 469,108,015.20 964,729,312.62 962,618,441.65 780,785,841.38 772,205,309.89 34,118,520.84 34,118,520.84 31,534,614.68 31,534,614.68 15,767,307.34 15,767,307.34 930,610,791.78 928,499,920.81 733,483,919.36 724,903,387.87 - - 109,939,815.15 109,939,815.15 146,586,420.00 146,586,420.00 784,024,371.78 781,913,500.81 623,544,104.21 614,963,572.72 1-380,329.46 7,959,565.46 2 3 ( ) 4 ( ) 5 6 ( ) 5 45

2006 8,950,146,601.71 3,319,517,336.87 12,059.01 12,059.01 32 119,071,022.48 126,677,947.85 9,069,229,683.20 3,446,207,343.73 8,040,105,404.60 2,563,574,502.31 216,072,803.97 156,416,953.91 58,970,589.24 58,262,800.97 33 41,687,058.21 41,944,679.12 8,356,835,856.02 2,820,198,936.31 712,393,827.18 626,008,407.42 800,613.20 800,613.20 8,152,796.14 8,152,796.14 649,267.04 18,637,490.08 9,602,676.38 27,590,899.42 160,816,648.99 36,547,688.06 3,500,000.00 3,500,000.00 164,316,648.99 40,047,688.06-154,713,972.61-12,456,788.64 - - - - - - 108,737,315.10 108,737,315.10 34 2,408,285.17 2,408,285.17 111,145,600.27 111,145,600.27-111,145,600.27-111,145,600.27-3,080,256.47-2,016,630.31 443,453,997.83 500,389,388.20 ( ) 6 45

2006 1 341,185,208.41 347,654,868.93 11,292,862.51 9,095,322.77 56,746,932.00 40,398,251.36 10,665.90 19,660.04-233,845.11 1,036,014.60 1,036,014.60 3,282,580.91 2,218,954.75-101,531,829.19-154,899,862.20 129,734,046.59 71,905,806.79 799,210,258.67 1,031,981,260.43-528,592,573.26-723,148,364.90 712,393,827.18 626,008,407.42 2 3 1,705,833,472.19 1,524,291,260.36 1,262,379,474.36 1,023,901,872.16 443,453,997.83 500,389,388.20 ( ) 7 45

2006 12 31 99,578,604.61-5,435,672.62 0.00 1,933,003.80 1,933,003.80 92,209,928.19 63,690,687.38-7,633,212.36 0.00 1,933,003.80 1,933,003.80 54,124,471.22 67,593,069.54-9,592,590.95 0.00 58,000,478.59 29,687,906.39-9,815,043.97 0.00 19,872,862.42 31,985,535.07 4,156,918.33 0.00 1,933,003.80 1,933,003.80 34,209,449.60 34,002,780.99 2,181,831.61 0.00 1,933,003.80 1,933,003.80 34,251,608.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,269,326.63 1,291,569.71 0.00 1,554,639.46 1,554,639.46 3,006,256.88 3,269,326.63 1,291,569.71 0.00 1,554,639.46 1,554,639.46 3,006,256.88 868,124.00 1,291,569.71 0.00 0.00 0.00 2,159,693.71 868,124.00 1,291,569.71 0.00 0.00 2,159,693.71 2,401,202.63 1,554,639.46 1,554,639.46 846,563.17 2,401,202.63 0.00 0.00 1,554,639.46 1,554,639.46 846,563.17 0.00 0.00 0.00 51,391,700.00 0.00 0.00 51,391,700.00 51,391,700.00 0.00 51,391,700.00 51,391,700.00 0.00 0.00 51,391,700.00 51,391,700.00 0.00 51,391,700.00 0.00 0.00 0.00 0.00 103,557,013.76 18,924,608.68 0.00 2,010,636.22 2,010,636.22 120,470,986.22 103,557,013.76 18,924,608.68 2,010,636.22 2,010,636.22 120,470,986.22 0.00 0.00 0.00 0.00 0.00 0.00 29,317,047.71 8,914,990.71 0.00 150,654.56 150,654.56 38,081,383.86 29,317,047.71 8,914,990.71 150,654.56 150,654.56 38,081,383.86 72,126,663.54 9,964,553.71 0.00 1,851,932.53 1,851,932.53 80,239,284.72 72,126,663.54 9,964,553.71 1,851,932.53 1,851,932.53 80,239,284.72 4,918.56 9,344.00 0.00 0.00 0.00 14,262.56 4,918.56 9,344.00 0.00 0.00 14,262.56 2,108,383.95 35,720.26 0.00 8,049.13 8,049.13 2,136,055.08 2,108,383.95 35,720.26 8,049.13 8,049.13 2,136,055.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 257,796,645.00 14,780,505.77 0.00 5,498,279.48 5,498,279.48 267,078,871.29 221,908,727.77 12,582,966.03 0.00 5,498,279.48 5,498,279.48 228,993,414.32 8 45

2006 2005 732,932,101.00 732,932,101.00 732,932,101.00 732,932,101.00 146,586,420.00 146,586,420.00 146,586,420.00 146,586,420.00 879,518,521.00 879,518,521.00 732,932,101.00 732,932,101.00 529,651,398.58 529,651,398.58 529,651,398.58 529,651,398.58 414,034.37 414,034.37 414,034.37 414,034.37 530,065,432.95 530,065,432.95 529,651,398.58 529,651,398.58 677,250,078.61 677,250,078.61 645,715,463.93 645,715,463.93 228,158,719.76 228,158,719.76 31,534,614.68 31,534,614.68 34,118,520.84 34,118,520.84 31,534,614.68 31,534,614.68 34,118,520.84 34,118,520.84 31,534,614.68 31,534,614.68 194,040,198.92 194,040,198.92 905,408,798.37 905,408,798.37 677,250,078.61 677,250,078.61 489,370,705.99 489,370,705.99 261,211,986.23 261,211,986.23 416,038,092.38 416,038,092.38 416,038,092.38 416,038,092.38 194,040,198.92 194,040,199.92 178,272,891.58 178,272,891.58 - - 15,767,307.34 15,767,308.34 - - 15,767,307.34 15,767,308.34 194,040,198.92 194,040,199.92 194,040,198.92 194,040,199.92 - - 194,040,198.92 194,040,199.92 623,544,104.21 614,963,572.72 465,439,694.61 469,108,015.20 341,185,208.41 347,654,868.93 315,346,146.77 303,097,294.69 180,704,940.84 180,704,940.84 157,241,737.17 157,241,737.17 784,024,371.78 781,913,500.81 623,544,104.21 614,963,572.72 9 45

2006 (1993)887 ( ) (1993)142 (A ) N40848 4403011015245 87,951.8521 2005 ( ) CAD/CAM 1 2 1 1 12 31 3 4 5 10 45

6 3 7 1 2 3 8 1 2 1 1 1% 1 2 5% 2 3 15% 3 50% 3 11 45

9 1 2 3 4 10 1 20% ( 20%) 20% 20 20% 10 2 3 12 45

11 1 2,000 2 3 4 35 10% 2.57 % 10 10% 9 % 3-5 10% 30%-18% 5 10% 18 % 5 10% 18 % a b 13 45

c d e 5 12 1 3 2 4 14 45

13 1 2 14 1 2 3 15 45

15 16 1 2 3 17 18 50% 16 45

[1999]10 1 a. b. c. d. 2 a. ; b. c. d. 3 19 1 17% 17 45

2 5% 3 1% 4 [2004]0211 2006 1 2 3 5 ( ) 17.5% 15% 5 1 (%) ( ) HKD3,900,000.00 HKD1.00 *1 100% RMB16,000,000.00 RMB16,000,000.00 *2 75% 25% USD10,000,000.00 USD10,000,000.00 *3 70% 30% USD15,000,000.00 USD15,000,000.00 *4 100% *1 *2 RF *3 *4 18 45

2 RMB25136.26 92,181,661.76 42% *1 HKD2.096 113,146,833.96 46% *2 EXCELSTOR GROUP LIMTD USD1500 105,054,944.09 33.33% *3 *1 *2 *3 3 2006 12 15 2006 12 19 1 2006.12.31 2005.12.31 RMB 88,235.11 1 88,235.11 159,543.04 1 159,543.04 HKD 320,156.72 1.0047 321,661.46 203,273.44 1.0403 211,465.36 USD 21,359.52 7.8087 166,790.08 13,252.84 8.0702 107,352.67 JPY 141,363.00 0.0656 9,273.41 79,363.00 0.06872 5,453.51 SGD 16.83 5.0926 85.71 16.83 4.85443 81.7 EUR 6,038.67 10.2665 61,996.00 6,778.67 9.5797 64,937.62 648,041.77 548,833.90 RMB 1,602,146,044.79 1 1,602,146,044.79 1,019,123,617.50 1 1,019,123,617.50 HKD 5,360,778.62 1.0047 5,385,974.28 5,869,033.92 1.0403 6,105,556.00 USD 11,060,614.65 7.8087 86,369,021.62 28,756,225.65 8.0702 232,068,496.49 JPY 2,971.00 0.0656 194.90 1,893,763.00 0.06872 130,131.87 SGD 825,091.00 5.0926 4,201,858.43 100,368.34 4.85443 487,230.74 EUR 689,849.16 10.2665 7,082,336.40 408,740.13 9.5797 3,915,607.86 1,705,185,430.42 1,261,830,640.46 1,705,833,472.19 1,262,379,474.36 35.13% 19 45

2 2006.12.31 2005.12.31 3,179,943.89 3,179,943.89 100% 3 2006.12.31 2005.12.31 17,671,729.03 10,174,845.00 73.68% 4 1 2006.12.31 2005.12.31 1 798,247,679.44 93.66% 7,982,477.20 790,265,202.24 1,593,992,837.47 96.58% 15,939,928.37 1,578,052,909.10 1-2 1,257,258.64 0.15% 62,862.93 1,194,395.71 4,007,016.44 0.24% 200,350.82 3,806,665.62 2-3 2,462,846.44 0.29% 369,426.97 2,093,419.47 52,033,095.17 3.15% 51,235,272.85 797,822.32 3 50,272,536.24 5.90% 49,585,711.49 686,824.75 435,035.00 0.03% 217,517.50 217,517.50 852,240,320.76 100% 58,000,478.59 794,239,842.17 1,650,467,984.08 100.00% 67,593,069.54 1,582,874,914.54 2 2006.12.31 704,237,231.58 82.63% 3 2006 12 31 5%( 5%) 4 a. FINMEK 3 11,704,816.81 20 45

b. ( ) Excelstor Technology Limited 3 33,896,341.08 3 3,297,728.85 5 48.36% 5 1 2006.12.31 2005.12.31 1 9,729,092.89 7.24% 97,290.93 9,631,801.96 97,268,432.40 66.89% 971,999.39 96,296,433.01 1-2 85,753,413.80 63.83% 4,287,670.69 81,465,743.11 7,199,875.26 4.95% 3,509,993.76 3,689,881.50 2-3 7,158,803.73 5.33% 3,538,820.56 3,619,983.17 38,873,189.89 26.73% 26,471,500.66 12,401,689.23 3 31,697,564.09 23.60% 26,285,667.42 5,411,896.67 2,064,082.52 1.42% 1,032,041.26 1,032,041.26 134,338,874.51 100% 34,209,449.60 100,129,424.91 145,405,580.07 100.00% 31,985,535.07 113,420,045.00 2 2006.12.31 123,210,460.32 91.72% 3 2006 12 31 5% 5% 4 a. 2-3 6,900,000.00 3,500,000.00 b. 3 5,040,167.49 3 1,820,134.56 3 23,077,464.52 25,405,768.66 21 45

5 85,000,000.00 1-2 63.27% 23,077,464.52 3 17.18% 6,900,000.00 3 5.14% 5,040,167.49 3 3.75% 3,192,828.31 1 2.38% 123,210,460.32 91.72% 6 1 2006.12.31 2005.12.31 1 2,829,046.77 53.80% 7,358,639.51 92.01% 1-2 2,419,369.55 46.01% 30,158.55 0.38% 2-3 9,698.00 0.19% 608,498.00 7.61% 5,258,114.32 100% 7,997,296.06 100.00% 2 34.25% 3 2006 12 31 5% 5% 7 2006.12.31 2005.12.31 72,563,375.75 72,563,375.75 80,036,268.29 80,036,268.29 373,008.21 373,008.21 12,561,850.13 12,561,850.13 37,837,739.66 2,159,693.71 35,678,045.95 140,609,788.19 868,124.00 139,741,664.19 2,425,142.01 846,563.17 1,578,578.84 4,574,528.37 2,401,202.63 2,173,325.74 288,098.92 288,098.92 1,737,707.63 1,737,707.63 490,221.48 490,221.48 432,631.13 432,631.13 1,856,949.70 1,856,949.70 5,615,808.58 5,615,808.58 115,834,535.73 3,006,256.88 112,828,278.85 245,568,582.32 3,269,326.63 242,299,255.69 52.83% 22 45

2005.12.31 2006.12.31 868,124.00 1,291,569.71 2,159,693.71 2,401,202.63 1,554,639.46 846,563.17 3,269,326.63 1,291,569.71 1,554,639.46 3,006,256.88 8 2006.12.31 2005.12.31 500,418.12 2,502,090.32 2002 3 12,963,103.77 10,008,361.12 11,009,197.20 1,000,836.08 5 2006 12 31 550,459.86 50,041.74 500,418.12 9 1 2006.12.31 2005.12.31 327,143,503.28 327,143,503.28 229,685,364.00 229,685,364.00 151,065,443.60 51,391,700.00 99,673,743.60 151,866,056.80 51,391,700.00 100,474,356.80-13,788.11-13,788.11-45,760.60-45,760.60-366,570.11-366,570.11-229,506.90-229,506.90 477,828,588.66 51,391,700.00 426,436,888.66 381,276,153.30 51,391,700.00 329,884,453.30 2 2006.12.31 92,181,661.76 59,902,882.83 152,680,059.93 244,861,721.69 42.00% 11,580,000.00 672,068.07-6,079,093.36 5,500,906.64 15.69% 3,500,000.00 490,889.97 490,889.97 3,990,889.97 35% ExcelstorGroupLimited 105,054,944.09 18,365,488.56-51,533,817.11 53,521,126.98 33.33% 113,146,833.96 14,526,809.85-93,877,975.96 19,268,858.00 46% 321,963,439.81 3,500,000.00 93,958,139.28 1,680,063.47 327,143,503.28 23 45

3 2006.12.31 4,500,000.00-307,700.00 4,192,300.00 15.00% 45,000,000.00 45,000,000.00 7.50% 49,524,356.80 49,524,356.80 10.00% 24,000,000.00-492,913.20 23,507,086.80 0.46% 21,450,000.00 21,450,000.00 0.15% 5,000,000.00 5,000,000.00 13.16% 2,391,700.00 2,391,700.00 1.41% 151,866,056.80-800,613.20 151,065,443.60 4 2005.12.31 2006.12.31 2,391,700.00 2,391,700.00 4,000,000.00 4,000,000.00 45,000,000.00 45,000,000.00 51,391,700.00 51,391,700.00 5 2005.12.31 2006.12.31-319,724.77 10-45,760.59-31,972.48-13,788.11 6 2005.12.31 2006.12.31-229,506.90-320,348.33-183,285.12-366,570.11 24 45

10 1 2005.12.31 2006.12.31 656,766,469.99 67,940,729.72 379,083.20 724,328,116.51 296,947,257.69 10,499,159.92 11,472,212.82 295,974,204.79 398,496,501.39 73,512,999.33 12,705,667.36 459,303,833.36 8,432,502.71 956,794.22 1,582,600.41 7,806,696.52 60,118,451.54 41,617,046.55 147,716.16 101,587,781.93 1,420,761,183.32 194,526,729.74 26,287,279.95 1,589,000,633.11 149,040,473.21 16,917,597.96 149,803.24 165,808,267.93 145,807,918.00 13,526,938.73 6,168,151.53 153,166,705.20 271,553,671.19 19,358,802.07 11,078,085.12 279,834,388.14 6,514,246.06 122,081.96 1,649,554.20 4,986,773.82 45,427,811.43 6,821,511.28 114,664.06 52,134,658.65 618,344,119.89 56,746,932.00 19,160,258.15 655,930,793.74 802,417,063.43 933,069,839.37 29,317,047.71 8,914,990.71 150,654.56 38,081,383.86 72,126,663.54 9,964,553.71 1,851,932.53 80,239,284.72 4,918.56 9,344.00 14,262.56 2,108,383.95 35,720.26 8,049.13 2,136,055.08 103,557,013.76 18,924,608.68 2,010,636.22 120,470,986.22 698,860,049.67 812,598,853.15 20,074,604.82 25 45

11 1 2006.12.31 2005.12.31 6,150,367.82 6,150,367.82 1,977,778.00 1,977,778.00 11,946,459.00 11,946,459.00 20,074,604.82 20,074,604.82 2 2005.12.31 2006.12.31 6,150,367.82 6,150,367.82 1,977,778.00 1,977,778.00 11,946,459.00 11,946,459.00 20,074,604.82 20,074,604.82 12 1 2006.12.31 2005.12.31 1,056,692.22 1,056,692.22 1,655,626.40 1,655,626.40 1,056,692.22 1,056,692.22 1,655,626.40 1,655,626.40 2 2005.12.31 2006.12.31 1,067,358.12 1,067,358.12 10,665.90 1,056,692.22 10,665.90 3,088,700.00 1,655,626.40 1,655,626.40 1,433,073.60 4,156,058.12 1,655,626.40 1,067,358.12 10,665.90 1,655,626.40 1,056,692.22 1,443,739.50 3 26 45

13 2006.12.31 2005.12.31 1,602,153.04 1,602,153.04 14 2006.12.31 2005.12.31 710,696,956.39 1,239,218,301.81 2006 12 31 5% 5% ( ) 42.65% 15 2006.12.31 2005.12.31 1,020,430.95 1,447,309.83 2006 12 31 5% 5% 16 2006.12.31 2005.12.31 2,405,000.10 1,202,500.05 17 2006.12.31 2005.12.31 253,497.56 145,883.30 824,461.85-15,067,703.15 67,909,847.94 76,749,677.96 1,454,742.40 1,362,602.23 2,124.38 649,728.55 201,274.29 474,277.51 319,833.42 292,500.40 70,965,781.84 64,606,966.80 27 45

18 2006.12.31 2005.12.31 19,818,851.29 23,821,585.95 2006 12 31 5%( 5%) ( ) 19 2006.12.31 2005.12.31 5,930,905.48 5,503,564.77 226,001.33 2,604,093.25 8,781,977.73 6,031,844.04 14,714,760.19 11,624,709.23 4,995,912.03 5,010,463.93 530,886.97 7,002,174.68 3,594,703.40 2,525,050.00 1,303,684.09 4,807,371.28 42,603,881.22 42,584,221.18 20 2006.12.31 2005.12.31 570,000.00 570,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 kfmd 440,000.00 440,000.00 490,000.00 600,000.00 400,000.00 419,100.00 150,000.00 150,000.00 4,650,000.00 3,579,100.00 28 45

21 + - (%) (%) 533,138,427 72.74 94,640,065-59,938,102 34,701,963 567,840,390 64.56 1 2 410,163,000 55.96 72,617,388-47,076,057 25,541,331 435,704,331 49.54 3 3,788,427 0.52 737,169-102,580 634,589 4,423,016 0.50 3,000,000 0.41 532,178-339,108 193,070 3,193,070 0.36 788,427 0.11 204,991 236,528 441,519 1,229,946 0.14 4 119,187,000 16.26 21,285,508-12,759,465 8,526,043 127,713,043 14.52 119,187,000 16.26 21,285,508-12,759,465 8,526,043 127,713,043 14.52 199,793,674 27.26 51,946,355 59,938,102 111,884,457 311,678,131 35.44 1 199,793,674 27.26 51,946,355 59,938,102 111,884,457 311,678,131 35.44 2 3 4 732,932,101 100 146,586,420 146,586,420 879,518,521 100 2006 4 20 10 3 60,174,630 2005 2005 732,932,101 10 2 146,586,420 [2006]059 29 45

1 435,704,331 2009 5 22 435,704,331 36 2 ( ) 73,245,724 2009 5 22 73,245,724 36 2007 5 22 43,975,926 12 3 44,847,318 12 2008 5 22 871,392 5 24 10 4 9,620,001 2007 5 22 9,620,001 12 5 3,193,070 2007 5 22 3,193,070 12 22 2005.12.31 2006.12.31 529,642,187.83 529,642,187.83 9,210.75 414,034.37 423,245.12 529,651,398.58 414,034.37 530,065,432.95-414,034.37 23 2005.12.31 2006.12.31 261,211,986.23 228,158,719.76 489,370,705.99 416,038,092.38 416,038,092.38 194,040,198.92 194,040,198.92 871,290,277.53 228,158,719.76 194,040,198.92 905,408,798.37 194,040,198.92 (2006)67 2006 1 1 167 2005 12 31 30 45

24 2006 2005 623,544,104.21 465,439,694.61 341,185,208.41 315,346,146.77 34,118,520.84 31,534,614.68 15,767,307.34 109,939,815.15 146,586,420.00 784,024,371.78 623,544,104.21 25 1 2006 2005 4,476,441,473.14 4,180,209,770.12 5,277,816,145.38 4,958,318,294.45 233,384,163.86 199,586,675.77 490,814,875.85 435,188,765.51 OEM 5,586,897,497.68 5,532,509,106.16 2,290,585,056.48 2,230,081,328.43 10,296,723,134.68 9,912,305,552.05 8,059,216,077.71 7,623,588,388.39 2 2006 2005 ( ) 1,943,397,014.51 1,787,680,882.20 1,602,091,480.52 1,520,700,169.54 ( ) 2,869,209,880.04 2,667,810,666.83 4,461,773,157.41 4,125,073,748.96 5,479,800,656.96 5,453,752,328.58 1,986,376,015.19 1,969,966,244.46 4,315,583.17 3,061,674.44 8,975,424.59 7,848,225.43 10,296,723,134.68 9,912,305,552.05 8,059,216,077.71 7,623,588,388.39 3 9,562,501,640.68 92.87% 4 27.76% OEM 31 45

26 2006 2005 1,755,877.00 1,244,942.50 510,934.50 2,359,509.17 2,358,884.75 624.42 32,982,754.42 12,830,174.82 20,152,579.60 26,283,898.50 12,012,985.10 14,270,913.40 2,201,839.44 2,112,865.08 88,974.36 2,201,839.44 2,112,865.06 88,974.38 46,561,985.14 47,076,294.46-514,309.32 33,339,386.24 33,645,653.66-306,267.42 1,255,680.69 678,677.62 577,003.07 28,005,452.97 26,275,315.74 1,730,137.23 626,598.40 303,243.92 323,354.48 85,384,735.09 64,246,198.40 21,138,536.69 92,190,086.32 76,405,704.31 15,784,382.01 27 2006 2005 102,144.98 34,853,680.75 19,954,985.87 33,294,959.31 7,091,383.08 1,040,735.15 2,883,651.28 593,583.70 314,815.37 75,597.41-9,562,991.16 100.79%, 28. 2006 2005 8,152,796.14 6,150,000.00 93,544,104.91 48,543,473.47 215,257.60 215,257.59 7,959,565.46-380,329.46-7,500,000.00 101,531,829.19 55,368,296.52 83.38% 32 45

29 2006 2005 11,800.00 150,000.00 366,100.00 2,700.00 312,100.00 107,000.00 787,900.00 161,800.00 386.96% 30 2006 2005 126,036.03 451,726.14 64,257.74 236,223.15 190,293.77 687,949.29 72.34% 31 2006 2005 1,162,050.63 134,767.24 18,924,608.67 8,358,452.99 152.60 2,950.00 470,000.00 200,000.00 20,556,811.90 8,696,170.23 136.39% 33 45

32 119,071,022.48 858,800.00 25,932,242.13 5,070,242.44 32,891,169.10 2,201,839.44 41,928,767.71 10,184,342.46 3,619.20 119,071,022.48 33 41,687,058.21 3,098,749.23 1,396,743.00 475,792.90 3,665,279.28 1,412,851.42 1,930,982.14 844,136.72 1,842,731.81 2,136,887.38 1,501,896.40 866,216.37 566,247.92 494,499.00 5,860,776.97 9,948,075.44 34 45

259,298.04 1,419,914.50 3,965,979.69 41,687,058.21 34 2,408,285.17 1,833,984.68 574,300.49 2,408,285.17 1 1 2006.12.31 2005.12.31 1 707,157,176.99 97.74% 7,071,571.77 700,085,605.22 1,742,442,908.17 99.03% 17,424,429.08 1,725,018,479.09 1-2 804,442.48 0.11% 40,222.12 764,220.36 4,007,016.44 0.23% 200,350.82 3,806,665.62 2-3 2,462,846.44 0.34% 369,426.97 2,093,419.47 12,643,431.31 0.72% 11,845,608.99 797,822.32 3 13,078,466.31 1.81% 12,391,641.56 686,824.75 435,035.00 0.02% 217,517.50 217,517.50 723,502,932.22 100% 19,872,862.42 703,630,069.80 1,759,528,390.92 100.00% 29,687,906.39 1,729,840,484.53 2 2006.12.31 502,169,966.07 69.41% 3 2006 12 31 5% 5% 35 45

2 1 2006.12.31 2005.12.31 1 15,409,102.91 11.01% 154,091.03 15,255,011.88 101,382,910.28 67.85% 2,993,829.11 98,389,081.17 1-2 85,753,413.80 61.29% 4,287,670.69 81,465,743.11 7,108,199.26 4.76% 3,505,409.96 3,602,789.30 2-3 7,061,197.73 5.05% 3,524,179.66 3,537,018.07 38,862,090.83 26.01% 26,471,500.66 12,390,590.17 3 31,697,564.09 22.65% 26,285,667.42 5,411,896.67 2,064,082.52 1.38% 1,032,041.26 1,032,041.26 139,921,278.53 100.00% 34,251,608.80 105,669,669.73 149,417,282.89 100.00% 34,002,780.99 115,414,501.90 2 2006.12.31 123,210,460.32 88.06% 3 2006 12 31 5% 5% 4 85,000,000.00 1-2 60.75% 23,077,464.52 3 16.49% 6,900,000.00 3 4.93% 5,040,167.49 3 3.60% 3,192,828.31 1 2.29% 123,210,460.32 88.06% 3 1 2006.12.31 2005.12.31 242,194,370.85 242,194,370.85 156,877,720.64 156,877,720.64 254,353,518.30 254,353,518.30 189,787,677.43 189,787,677.43 151,065,443.60 51,391,700.00 99,673,743.60 151,866,056.80 51,391,700.00 100,474,356.80-380,358.22-380,358.22-595,615.82-595,615.82 647,232,974.53 51,391,700.00 595,841,274.53 497,935,839.05 51,391,700.00 446,544,139.05 36 45

2 2006.12.31 ( ) 1.07 64,358,841.42 137,947,563.83 137,947,564.90 100.00% 6,640,000.00-6,640,000.00 80.00% 12,000,000.00 443,332.55 13,918,928.41 25,918,928.41 75.00% 57,937,600.00 20,894,805.70 20,390,277.54 78,327,877.54 70.00% 76,577,601.07 85,696,979.67 165,616,769.78 242,194,370.85 3 2006.12.31 92,181,661.76 59,902,882.83 152,680,059.93 244,861,721.69 42.00% 11,580,000.00 672,068.07-6,079,093.36 5,500,906.64 15.69% 3,500,000.00 490,889.97 490,889.97 3,990,889.97 35.00% 103,761,661.76 3,500,000.00 61,065,840.87 147,091,856.54 254,353,518.30 4 2006.12.31 4,500,000.00-307,700.00 4,192,300.00 15.00% 45,000,000.00 45,000,000.00 7.50% 49,524,356.80 49,524,356.80 10.00% 24,000,000.00-492,913.20 23,507,086.80 0.46% 21,450,000.00 21,450,000.00 0.15% 5,000,000.00 5,000,000.00 13.16% 2,391,700.00 2,391,700.00 1.41% 151,866,056.80-800,613.20 151,065,443.60 37 45

5 2005.12.31 2006.12.31-319,724.77 10-45,760.59-31,972.48-13,788.11-1,832,851.15 10-549,855.23-183,285.12-366,570.11-2,152,575.92-595,615.82-215,257.60-380,358.22 6 2005.12.31 2006.12.31 2,391,700.00 2,391,700.00 4,000,000.00 4,000,000.00 45,000,000.00 45,000,000.00 51,391,700.00 51,391,700.00 4 2006 2005 3,972,380,629.14 3,725,426,117.20 5,198,333,260.97 4,973,084,984.21 233,384,163.86 199,586,675.77 490,814,875.85 435,188,765.51 OEM 45,406,343.47 41,374,892.84 2,214,604,091.98 2,184,318,757.02 4,251,171,136.47 3,966,387,685.81 7,903,752,228.80 7,592,592,506.74 5 2006 2005 8,152,796.14 6,150,000.00 146,912,137.92 97,319,270.29 215,257.60 215,257.59 7,959,565.46-380,329.46-7,500,000.00 154,899,862.20 104,144,093.34 38 45

1. (CEC) *1 *2 *3 1 *1 *2, *3 2. (CEC) 5,973,443,785.76 5,973,443,785.76 110,000,000.00 110,000,000.00 1,197,742,000.00 1,197,742,000.00 ( ) HKD3,900,000.00 HKD3,900,000.00 16,000,000.00 16,000,000.00 82,700,000.00 82,700,000.00 42,860,625.00 77,605,885.00 120,466,510.00 39 45

3. 410,163,000 55.96% 72,617,388.00 47,076,057.00 435,704,331.00 49.54 4. ( ) 1. 2006 2005 1,558,160,199.69 37.44% 1,155,142,123.62 21.04% 5,045,968.41 2.20% ( ) 24,931.62 0.06% 1,563,231,099.72 1,155,142,123.62 40 45

2006 2005 839,614.23 1.06% 24,103,414.71 30.30% 20,600,116.57 34.26% 39,509,068.54 49.67% 28,975,008.78 48.18% 64,452,097.48 81.03% 49,575,125.35 82.44% 2006 2005 ( ) 50,000.00 3.94% 60,000.00 4.72% 56,000.00 4.41% 166,000.00 13.07% 2006 2005 ( )2,201,839.44 100% 2,201,839.44 100% 2. 2006.12.31 2005.12.31 419,568,904.82 49.06% 322,258,412.25 19.53% 2,815,588.40 0.33% ( ) 29,170.00 0.003% 41 45

2006.12.31 2005.12.31 23,077,464.52 17.18% 24,896,908.78 17.12% 3,192,828.31 2.38% 2,967,482.49 2.04% 1,820,134.56 1.35% 1,820,134.56 1.25% 5,040,167.49 3.75% 5,040,167.49 3.47% 2,372,388.32 1.77% 1,784,225.65 1.23% 2,239,642.00 11.30% 1,685,698.00 7.08% 2,044,752.00 10.32% 1,847,152.00 7.75% 162,490.00 0.82% CMEC ENEL CMEC ENEL 10,303.96 2007 3 31 2,564.36 42 45

2007 3 31 11,578,066 2,196,857 0.07% 4.01 2007 4 6 2,458,531 197,808.00 ENEL 18 2006 2006 341,185,208.41 623,544,104.21 146,586,420.00, 818,142,892.62 2006 10% 34,118,520.84 2006 879,518,521 0.40 351,807,408.40 % % / / 384,014,682.75 12.38% 12.64% 0.4366 0.4366 280,786,554.56 9.05% 9.24% 0.3193 0.3193 341,185,208.41 11.00% 11.23% 0.3879 0.3879 343,773,437.28 11.08% 11.32% 0.3909 0.3909 43 45

2006 341,185,208.41-3,452,545.68 787,900.00-380,329.46-456,746.27 343,773,437.28 2. (1) = = (2) (ROE) P ROE E0+NP 2+Ei Mi M0-Ej Mj M0 P NP E0 Ei Ej M0 Mi Mj (3) EPS EPS P S0+S1+Si Mi M0-Sj Mj M0 P S0 S1 44 45

Si Sj M0 Mi Mj 2006 45 45