600307 2004 2005 3 11

...1...2...4...7...11...15...18...20...30...33...37...93

1 2 3 4 1

1 Gansu Jiu Steel Group Hongxing Iron & Steel Co,Ltd. JGHX 2 3 12 0937 6715370 0937 6715507 E-mail jgzqb@jiugang.com 12 0937 6715370 0937 6715507 E-mail jgzqb@jiugang.com 4 12 12 735100 www.jiugang.com jgzqb@jiugang.com 5 www.sse.com.cn 6 A A A 600307 7 1999 4 17 2

2004 7 28 6200001051541 620200710375659 249 5 3

: : 934,124,537.81 765,062,411.61 790,337,189.83 1,536,955,066.02 75,604,192.26 1,063,307,363.93-98,087,586.77-31,095,239.35 1,156,811,366.28 681,468,734.09-25,274,778.22 2004 1 70,000.00 2 1,313,083.20 3 35,890.00 4 27,402,401.15 5 6-3,474,816.13-25,274,778.22 : : 4

2004 2003 2002 8,964,746,284.69 5,892,375,235.43 52.14 3,595,837,249.59 934,124,537.81 712,096,526.98 31.18 342,198,066.74 765,062,411.61 601,140,756.46 27.27 290,209,108.12 790,337,189.83 606,716,991.68 30.26 232,860,792.53 2004 2003 2002 6,405,399,912.81 3,818,485,591.43 67.75 3,371,052,082.57 3,459,703,694.14 2,847,521,283.04 21.50 2,377,420,526.58 1,156,811,366.28 716,253,460.79 61.51 592,992,448.20 2004 2003 2002 1.05 0.83 26.51 0.40 % 22.11 21.11 4.74 12.21 22.84 21.31 7.18 9.79 % 1.59 0.98 62.24 0.81 2004 2003 2002 4.75 3.91 21.48 3.27 4.75 3.91 21.48 3.42 9 : : % 44.42 48.35 2.11 2.11 30.73 33.45 1.46 1.46 22.11 24.07 1.05 1.05 22.84 24.86 1.09 1.09 5

: : 728,000,000 1,158,157,725.55 140,674,121.25 136,222,472.29 684,466,963.95 2,847,521,283.04 76,506,241.16 76,506,241.16 765,062,411.61 918,074,893.93 305,892,482.83 305,892,482.83 728,000,000 1,158,157,725.55 217,180,362.41 212,728,713.45 1,143,636,892.73 3,459,703,694.14 1) 2) 3) 4) 6

1 : 1 515,000,000 515,000,000 13,000,000 13,000,000 2 3 4 528,000,000 528,000,000 1 200,000,000 200,000,000 2 3 4 200,000,000 200,000,000 728,000,000 728,000,000 2 (1) 7

A 2000-11-30 5.5 200,000,000 2000-12-20 200,000,000 [2000]157 2000 11 30 1 A 20,000 5.5 52,800 72,800 [2000]109 20,000 2000 12 20 (2) (3) 1 54,438 5 A 54,433 2 : ( ) (%) ( ) 515,000,000 70.74 8,398,887 8,398,887 1.15 90,071 6,297,304 0.87 988,910 5,821,032 0.80 5,000,000 0.69 5,000,000 0.69 2,500,000 0.34 8

-561,502 1,098,174 0.15 746,500 746,500 0.10 620,013 620,013 0.10 3 1 359,196 1958 8 1 2 3 4 100% 9 70.74%

4 10% 5 8,398,887 A 6,297,304 A 5,821,032 A 1,098,174 A 746,500 A 620,013 A 600,000 A 550,000 A 549,081 A 514,000 A 10

1 : 51 2004.6-2005.4 66 2002.6-2005.4 64 2003.4-2005.4 61 2002.4-2005.4 51 2002.4-2005.4 55 2004.9-2005.4 59 2002.4-2005.4 43 2003.5-2005.4 43 2002.4-2005.4 40 2003.5-2005.4 52 2002.12-2005.4 37 2004.2-2005.4 42 2004.2-2005.4 31 2002.12-2005.4 2 2000-04 2002-11 1998-02 2003-12 11

1997 10-2000 7 2000 7-2002 11 2002 11-2003 5 2003 5-2003 12 2004 6 1998 12-2000 7 2000 4 1999 4 1985 6-1999 2 1999 2 1999 4 1987-1998 1998-2003 12 2003 12 2002 6 1989 6-1996 12 1996 12 2003 4 1998 2-1999 2 1999 2-2003 5 2003 5-2004 2 2004 2 2004 9 1996 3-1998 2 1998 2-2002 11 2002 11 1999 4 1999 2-2003 5 2003 5 1998 12-2001 12 2001 12-2003 6 2003 6-2003 12 2003 12 2002 4 1995 1-1999 2 1999 3-2000 2 2000 2-2002 3 2002 3-2003 4 2003 5 1997 1 1997 10 2002 12 1999 3-2000 2 2000 3-2001 3 2001 3-2003 4 2003 4-2004 2 2004 2 1997 11-2000 1 2000 1-2003 3 2003 3 2004 2 1999 7-2002 7 2002 12 12

12 3 3 3 835,747 289,592 233,581 2001 60,000 1 2 2003, 3 4 10 4 5 9 7 5 1 1 13

2 2004 2 20 1 2004 12 31 2,615 2 % 164 6.27 42 1.61 51 1.95 117 4.47 2,241 85.70 2,615 100 2 % 272 10.40 495 18.93 1,848 70.67 2,615 100 14

1 2 3 7 3 4 5 3 5 6 15

7 1 7 7 0 0 7 7 0 0 7 7 0 0 2 1 2 3 4 5 16

2003 17

1 1 1 2004 5 28 2003 2004 6 30 8 52,806.1 72.53% 2 2003 1 2003 2 2003 3 2003 2004 4 2003 ( ) 5 2003 6 7 8 9 2004 10 11 2004 12 90% 13 14 3 1 18

2 2004 7 1 1 2004 8 7 2004 2004 9 20 6 51511.11 70.76% 2 2004 2004 9 21 3 1 2 2004 9 21 19

2004 2004 212.7 96.68% 219.10 6.4 236.4 102.78% 226 10.4 233.48 122.24% 186 47.48 70.32 59.9 10.42 72.76 48.94 23.82 90.40 77.16 13.24 34.26 38.22 36.92 10.69 10.35 11.28 290.4 189.72 100.68 89.65 30.73 7.65 1.64 1 20

(1) B 30 5.5-14mm 6-40mm 20g Q345B 16MnR B X60 45# (2) : : (%) (%) 8,964,746,284.69 100 1,536,955,066.02 100 : 1,695,371,224.86 18.91 299,812,965.67 19.51 8,964,746,284.69 / 1,536,955,066.02 / (3) : : (%) (%) 11,373,732.00 0.13 568,686.40 0.04 1,393,686,900.69 15.55 172,312,212.80 10.87 3,337,644,661.62 37.23 856,305,225.35 54.01 2,122,520,789.73 23.68 324,810,550.60 20.49 2,031,319,743.25 22.66 215,822,650.30 13.61 66,350,069.53 0.74 15,457,248.72 0.98 1,850,387.87 0.02 67,762.62 0.00 : 1,695,371,224.86 18.91 299,812,965.67 18.91 8,964,746,284.69 / 1,585,344,336.79 / 1,695,371,224.86 3 : : (%) (%) 6,699,913,161.16 74.74 1,315,969,793.39 83.01 2,264,833,123.53 25.26 269,374,543.40 16.99 21

: 1,695,371,224.86 18.91 299,812,965.67 18.91 8,964,746,284.69 / 1,585,344,336.79 / 4 : : 5,600,928,056.73 % 75.90 5,123,106,828.41 % 57.15 2 : : 500,000,000 1,783,844,224.16 36,034,549.12 3 1 2 3 4 22

1 2 104,192 94,276.72,, 64,843.58 90% 2004 3,603, 3,937.28 35,411.14 2004 1 262,535,664.47 70% 2 208,362.00 100% 5 415,746.00 100% 6 1,558,630.00 100% 7 2,174,127.00 100% 8 165,132.00 100% 9 396,626.00 100% 10 236,476.00 100% 11 5,170,602.13 100% 23

12 726,233.00 100% 13 32,440,676.00 100% 14 9,600,000.00 100% 15 12,408,928.00 16 10,874,600.00 100% 17 787,376.00 150T 100% 18 370,000.00 100% 19 4,672,590.00 100% 20 9,369,635.00 100% : : 6,405,399,912.81 3,818,485,591.43 2,586,914,321.38 67.75 3,459,703,694.14 2,847,521,283.04 612,812,411.10 21.50 1,536,955,066.02 1,096,282,631.30 440,672,434.72 40.20 765,062,411.61 601,140,756.46 163,921,655.15 27.27 681,468,734.09 299,383,341.39 382,085,392.70 127.62 1 67.75% 2 21.50% 24

3 40.20% 4 27.27% 5 127.62% 1 2005 2 2005 1 2005 302 215 87 325 220 105 305 217 62 61 94 88 105.7 2 1 2 25

3 4 5 1 2004 2 20 : 1 2003 2 2003 3 2003 2004 4 2003 5 2003 6 2004 7 8 9 10 11 2004 12 2004 13) 14 15 16 17 18 26

19) 20 2004 4 29 2004 2004 6 12 1 ( ) 2 2003 90% ( ) 2004 6 30 1 2 3 4 2004 8 7 1 2004 2 3 4 2004 2004 10 22 1 2004 27

2 2004 12 30 1 2005-2006 2 3 4 5 2005 2 2003 2003 2004 765,062,411.61 684,466,963.95 76,506,241.16 76,506,241.16 2004 1,296,516,893.24 2004 2004 12 31 72,800 10 2.4 174,720,000 2004 ( ) 28

[2005] 1010, : 2004 12 31 70.74% % 0.68 0.68 0.34 0.07 2004 2004 2004 2004 55,417,945.36 496,423.68 55,417,945.36 496,423.68 -- 496,423.68 55,417,945.36 496,423.68 0.00 173,846,414.46 173,846,414.46 0.00 -- 173,846,414.46 173,846,414.46 0.00 1,452,647.50 24,561,617.88 22,694,892.81 3,319,372.57 24,561,617.88 22,694,892.81 3,319,372.57 4,609,705,118.21 4,308,300,752.51 301,404,365.70 4,403,316,361.54 4,101,911,995.84 301,404,365.70 206,388,756.67 206,388,756.67 2,259,706.47 32,675,752.34 14,636,878.89 20,298,579.92 27,134,313.57 13,905,253.94 5,541,438.77 731,624.95 1 29

2 3 4 5 6 200,000,000.002004.09.04-2005.09.03 100,000,000.002004.09.14-2005.09.14 2004 2004 1 2004 2 20 1 2003 2 2003 2004 30

3 2003 4 2004 5 6 7 2 2004 4 29 2004 3 2004 6 12 ( ) 4 2004 2 20 1 2004 2 3 4 2004 5 2004 10 22 1 2004 2 6 2004 12 30 1 2005-2006 2 3 4 5 2005 31

2004 2002 32

1 1 2004 6 30 18,446,458.78 39,372,808 39,372,808 2004 7 1 2004 7 15 2 2004 6 30 77.5% 397,608,612.064 558,375,237.45 558,375,237.45 2004 7 1 2004 7 15 3 2004 6 30 12.5% 64,130,421.30 90,060,522.22 90,060,522.22 2004 7 1 2004 7 15 33

1 ( ) 668,929,099.97 100.00 2,115,269,986.72 96.84 1,193,299,587.72 87.34 406,151,783.81 95.69 9,305,684.00 12.67 37,498,176.67 35.83 96,440,542.96 18.91 157,228,582.95 72.59 123,331,296.94 31.05 4,807,454,741.75 2 ( ) 11,373,732.00 100.00 1,277,167,279.72 91.64 238,707,442.88 3.19 168,122,770.26 97.46 1,695,371,224.86 : 1 2 3 1 77.5% 558,375,237.45 397,608,612.06 558,375,237.45 34

2004 7 1 2 12.5% 90,060,522.22 64,130,421.3 90,060,522.22 2004 7 1 3 39,372,808 18,446,458.78 39,372,808 2004 7 1 4 : : 24,561,617.88 3,319,372.57 32,675,752.34 20,298,579.92 / 24,561,617.88 3,319,372.57 / 32,675,752.34 20,298,579.92 24,561,617.88 3,319,372.57 1 2 3 4 5 35

6 5% 5% 2000 5 2 65 3 1, 2005 2 3 2005 2006 2005 2006 2005 2 36

[2005] 1018 2004 12 31 2004 2004 2004 12 31 2004 249 2005 3 11 37

01 : 2004 12 31 2003 12 31 6.1 1,218,407,581.53 536,938,847.44 6.2 706,850,516.97 586,869,631.30 6.3 241,152,376.30 54,863,765.91 6.4 53,952,244.85 5,912,493.58 6.5 136,854,437.00 27,584,170.20 6.6 804,868,863.54 560,782,933.13 3,162,086,020.19 1,772,951,841.56 6.7 147,431,380.15 6.7 147,431,380.15 6.7 147,131,380.15 6.8 4,874,594,132.44 3,763,170,714.24 6.8 2,034,513,122.99 1,703,809,032.92 6.8 2,840,081,009.45 2,059,361,681.32 6.8 17,431,396.45 17,431,396.45 6.8 2,822,649,613.00 2,041,930,284.87 6.9 262,535,664.47 3,603,465.00 3,085,185,277.47 2,045,533,749.87 6.10 10,697,235.00 6.10 10,697,235.00 6,405,399,912.81 3,818,485,591.43 38

01 : 2004 12 31 2003 12 31 6.11 474,880,000.00 44,880,000.00 6.12 958,976,170.95 92,566,406.92 6.13 925,284,839.74 429,032,163.61 5,532,229.36 3,158,190.65 11,365,068.11 5,613,839.85 6.14 83,128,195.60 7,802,227.66 6.15 1,843,431.86 1,227,594.32 6.16 89,943,172.13 47,783,885.38 2,550,953,107.75 632,064,308.39 6.17 338,900,000.00 338,900,000.00 338,900,000.00 338,900,000.00 2,889,853,107.75 970,964,308.39 55,843,110.92 6.18 728,000,000.00 728,000,000.00 728,000,000.00 728,000,000.00 6.19 1,158,157,725.55 1,158,157,725.55 6.20 429,909,075.86 276,896,593.54 212,728,713.45 136,222,472.29 6.21 1,143,636,892.73 684,466,963.95 174,720,000.00 152,880,000.00 3,459,703,694.14 2,847,521,283.04 6,405,399,912.81 3,818,485,591.43 39

02 1 : 2004 2003 6.22 8,964,746,284.69 5,892,375,235.43 6.22 7,379,401,947.90 4,760,557,727.28 6.23 48,389,270.77 35,534,876.85 1,536,955,066.02 1,096,282,631.30 6.24 75,604,192.26 1,697,645.84 348,368,124.08 255,016,260.62 165,030,328.56 75,383,994.26 6.25 35,853,441.71 24,560,774.84 1,063,307,363.93 743,019,247.42 6.26-98,087,586.77 - - - 35,890.00-6.27 31,131,129.35 30,922,720.44 934,124,537.81 712,096,526.98 158,020,881.14 110,955,770.52 11,041,245.06-765,062,411.61 601,140,756.46 2004 2003 1 2 3 4 5 6 7 8 40

02 1 : 2004 2003 765,062,411.61 601,140,756.46 684,466,963.95 334,594,358.77 1,449,529,375.56 935,735,115.23 76,506,241.16 60,114,075.64 76,506,241.16 60,114,075.64 1,296,516,893.24 815,506,963.95 152,880,000.51 131,040,000.00 1,143,636,892.73 684,466,963.95 41

2004 03 : 1 7,050,109,461.71 3-86.28 16,888,291.83 9 7,066,997,753.54 10 4,905,142,365.07 12 168,732,982.08 13 640,944,712.70 18 6.29 195,366,327.41 20 5,910,186,387.26 21 1,156,811,366.28 22 23 25 28 29 30 80,087,780.78 31-32 648,435,759.67 35-36 728,523,540.45 37-728,523,540.45 38-40 474,880,000.00 43 44 474,880,000.00 45 44,880,000.00 46 176,819,091.74 52-53 221,699,091.74 54 253,180,908.26 55 56 681,468,734.09 42

03 : 1. : 57 765,062,411.61 11,041,245.06 58 57,806,594.00 59 293,027,901.66 60 891,915.00 61-64 3,216,131.03 65-602,447.96 ( ) 66-67 27,402,401.15 68 23,939,091.23 69 98,087,586.77 70-71 -296,943,569.82 72-700,262,279.92 73 874,144,386.47 74-75 1,156,811,366.28 2. : 76 77 78 3. : 79 1,218,407,581.53 : 80 536,938,847.44 81 : 82 83 681,468,734.09 43

2004 01 1 : 634,392.76 2,603,309.59 3,237,702.35 554,179.45 1,881,703.13 2,435,882.58 80,213.31 721,606.46 801,819.77 - - 10,741,208.22 52,857,639.41 - - - 63,598,847.63 10,741,208.22 52,857,639.41-63,598,847.63 - - - - - - - - 17,431,396.45 - - - - 17,431,396.45 10,319,933.79-10,319,933.79 7,111,462.66-7,111,462.66 2,345,645.00 2,345,645.00 44

01 2 : 2004 2003 1 2 728,000,000.00 728,000,000.00 3 4 5 6 7 8 9 728,000,000.00 728,000,000.00 10 11 1,158,157,725.55 1,158,157,725.55 12 13 14 15 16 17 18 19 20 21 22 1,158,157,725.55 1,158,157,725.55 23 24 140,674,121.25 80,560,045.61 25 76,506,241.16 60,114,075.64 45

01 2 : 2004 2003 26 27 76,506,241.16 60,114,075.64 28 76,506,241.16 60,114,075.64 29 32 33 34 35 36 37 217,180,362.41 140,674,121.25 38 217,180,362.41 140,674,121.25 39 41 42 136,222,472.29 76,108,396.65 43 76,506,241.16 60,114,075.64 44 76,506,241.16 60,114,075.64 45 46 47 212,728,713.45 136,222,472.29 48 49 684,466,963.95 334,594,358.77 50 765,062,411.61 601,140,756.46 51 305,892,482.83 251,268,151.28 52 1,143,636,892.73 684,466,963.95 46

01 3 : 2004 2003 1-1 2 2 2,448,636,474.82 1,122,397,692.68 3-4 71,996.17 591,402.60 5-6 - 3 8 1,955,587,200.40 759,803,196.90 9-10 - 11-12 493,121,270.59 363,185,898.38 13-4 - 15 - - 1-16 50,414,125.67 28,039,753.43 2-17 493,121,270.59 363,185,898.38 3 18 520,466,321.68 357,019,603.53 4-20 23,069,074.58 34,206,048.28 47

01 : 2004 12 31 2003 12 31 1,206,206,915.58 536,938,847.44 - - 706,850,516.97 586,869,631.30 - - - - 7.1 240,631,966.48 54,863,765.91 7.2 8,454,934.12 5,912,493.58 789,777,336.19 27,584,170.20 - - 657,086,455.79 560,782,933.13 - - - - - - 3,609,008,125.13 1,772,951,841.56 - - 7.3 649,719,378.46 - - - 649,719,378.46 - - - 3,693,790,826.34 3,763,170,714.24 1,892,980,796.08 1,703,809,032.92 1,800,810,030.26 2,059,361,681.32 17,431,396.45 17,431,396.45 1,783,378,633.81 2,041,930,284.87 - - - 3,603,465.00 - - 1,783,378,633.81 2,045,533,749.87 - - 7,757,235.00 - - - - - 7,757,235.00 - - - 6,049,863,372.40 3,818,485,591.43 48

01 : 2004 12 31 2003 12 31 474,880,000.00 44,880,000.00 - - 703,654,469.90 92,566,406.92 924,942,347.34 429,032,163.61 5,532,229.36 3,158,190.65 8,961,061.90 5,613,839.85 - - 61,093,365.49 7,802,227.66 1,476,299.93 1,227,594.32 70,719,904.34 47,783,885.38 - - - - - - - - 2,251,259,678.26 632,064,308.39 - - 338,900,000.00 338,900,000.00 - - - - - - - - 338,900,000.00 338,900,000.00 - - - - 2,590,159,678.26 970,964,308.39 - - 728,000,000.00 728,000,000.00 - - 728,000,000.00 728,000,000.00 1,158,157,725.55 1,158,157,725.55 429,909,075.86 276,896,593.54 212,728,713.45 136,222,472.29 1,143,636,892.73 684,466,963.95 174,720,000.00 152,880,000.51 3,459,703,694.14 2,847,521,283.04 6,049,863,372.40 3,818,485,591.43 49

02 : 2004 2003 7.4 8,964,746,284.69 5,892,375,235.43 : 7.4 7,466,244,403.83 4,760,557,727.28 43,497,925.42 35,534,876.85 1,455,003,955.44 1,096,282,631.30 7,637,531.95 1,697,645.84 341,679,551.03 255,016,260.62 146,259,042.89 75,383,994.26 35,908,440.23 24,560,774.84 938,794,453.24 743,019,247.42 7.5 1,283,618.79 - - - - - 29,748,046.15 30,922,720.44 910,330,025.88 712,096,526.98 145,267,614.27 110,955,770.52-765,062,411.61 601,140,756.46 2004 2003 1 2 3 4 5 6 7 8 50

03 : 7,050,109,461.71 8,172,470.17 7,058,281,931.88 5,071,365,457.83 164,429,019.81 586,466,260.69 131,312,342.99 5,953,573,081.32 1,104,708,850.56 40,185,931.01 648,435,759.67 688,621,690.68-688,621,690.68 474,880,000.00 474,880,000.00 44,880,000.00 176,819,091.74 221,699,091.74 253,180,908.26 669,268,068.14 51

03 2004 1. : 765,062,411.61 57,341,806.81 266,166,653.74 861,915.00 ( ) 27,402,401.15 23,939,091.23-1,283,618.79-149,161,162.07-1,075,839,196.51 1,190,218,548.39 1,104,708,850.56 2. : 3. : 1,206,206,915.58 : 536,938,847.44 : 669,268,068.14 52

2004 01 1 : 634,392.76 2,138,522.40 2,772,915.16 554,179.45 1,876,446.47 2,430,625.92 80,213.31 262,075.93 342,289.24 10,741,208.22 52,857,639.41 63,598,847.63 10,741,208.22 52,857,639.41 63,598,847.63 17,431,396.45 17,431,396.45 10,319,933.79 10,319,933.79 7,111,462.66-7,111,462.66 - - - 2,345,645.00 2,345,645.00-53

01 2 : 2004 2003 1 2 728,000,000.00 728,000,000.00 3 4 5 6 7 8 9 728,000,000.00 728,000,000.00 10 11 1,158,157,725.55 1,158,157,725.55 12 13 14 15 16 17 18 19 20 21 22 1,158,157,725.55 1,158,157,725.55 23 24 140,674,121.25 80,560,045.61 25 76,506,241.16 60,114,075.64 54

01 2 : 2004 2003 27 76,506,241.16 60,114,075.64 28 76,506,241.16 60,114,075.64 29 30 32 33 34 35 36 37 217,180,362.41 140,674,121.25 41 42 136,222,472.29 76,108,396.65 43 76,506,241.16 60,114,075.64 44 45 46 76,506,241.16 60,114,075.64 47 212,728,713.45 136,222,472.29 48 49 684,466,963.95 334,594,358.77 50 765,062,411.61 601,140,756.46 51 305,892,482.83 251,268,151.28 52 1,143,636,892.73 684,466,963.95 55

: 1-1 01 3 2004 2003 2 2 2,025,664,330.15 1,122,397,692.68 3 4 30,739.54 591,402.60 5 3 6 1,598,767,995.62 759,803,196.90 7 8 9 10 426,927,074.07 363,185,898.38 4-11 1-12 34,206,048.28 28,039,753.43 2-13 426,927,074.07 363,185,898.38 3 14 429,930,921.55 357,019,603.53 4-15 31,202,200.80 34,206,048.28 56

2004 1 1999 4 17 1999 21 1999 4 17 4 21 6200001051541 52,800 2000 157 2000 11 30 20,000 1 72,800 : 12 1 3 3 1 4 1 2 1 2004 6 30 2003 90% 57

2 2.1 2.2, 1 1 12 31 2.3 2.4 2.5 2.6 2.7 58

2.8 2.8.1 1, 2, 2.8.2 2.8.3 1 1% 2 5% 3 20% 4 30% 5 80% 6 100% 2.9 2.9.1 2.9.2 2.9.3 2.9.4 2.10 2.10.1 59

20% 20% 20% 20% 50% 50%, 10 2.10.2 2.10.3 60

2.11 2.12 2.12.1 2.12.2 2.12.3 2.12.4 : 20 5% 4.75% 10 5% 9.50% 61

5--7 5% 19%--13.57% 5 0% 20% 2.12.5 1 2 3 4 5 2.13 2.13.1 2.13.2 2.13.3 62

3 2.14 2.14.1 2.14.2 2.14.3 3 3 2.14.4 2.15 63

2.16 2.17 2.18 2.18.1 2.18.2, 64

2.18.3 1 2 2.19 2.20 [2004]3 1 2 [2004]3 2.21 65

2.21.1 [1995]11 [1996]2 2.21.2 3 1 2 10% 3 10% 4 4 4.1 17% 13% 66

4.2 5% 4.3 7% 4.4 3% 4.5 2004 [002] 2004 15 2004 33% 5 5.1 50000 45000 90 5.2 5.3 2004 6 30 2003 90% 2004 6 30 90% 153,424.40 : 46,106.35 30.00 106,991.05 67

297.00 108,622.53 44,808.87 5.4 6 6.1 2004 12 31 1,218,407,581.53 2004.12.31 2003.12.31 54,633.56 14,034.65 1,218,352,947.97 536,924,812.79 1,218,407,581.53 536,938,847.44 6.1.1, 6.1.2 1.27 6.2 2004 12 31 706,850,516.97 6.2.1 2004.12.31 2003.12.31 706,850,516.97 586,869,631.30 706,850,516.97 586,869,631.30 6.2.2 6.2.3 5% ( 5%) 6.3 2004 12 31 241,152,376.30 68

6.3.1 2004.12.31 2003.12.31 1 243,588,258.88 100.00 2,435,882.58 55,417,945.36 100.00 554,179.45 243,588,258.88 100.00 2,435,882.58 55,417,945.36 100.00 554,179.45 6.3.2 6.3.3 70.74% 496,423.68, 6.3.4 240,848,566.97 98.89% % 1 142,890,155.60 58.67 2004 2 47,661,695.12 19.57 2004 3 44,636,969.23 18.33 2004 4 3,023,928.10 1.24 2004 5 2,635,818.92 1.08 2004 240,848,566.97 98.89 6.3.5 3.40 6.4 2004 12 31 53,952,244.85 6.4.1 2004.12.31 2003.12.31 1 50,743,891.18 92.68 540,546.21 5,555,724.57 92.71 55,557.25 1 2 3,636,726.59 6.64 181,737.88 367,658.35 6.14 6,158.41 2 3 367,658.35 0.67 73,925.48 103.60 0.00 30.21 3-4 103.60 0.00 31.08 528.90 0.01 158.67 69

4-5 528.90 0.00 423.12 5 5,156.00 0.01 5,156.00 68,691.47 1.15 68.691.47 54,754,064.62 100.00 801,819.77 5,992,706.89 100.00 80.213.31 6.4.2 70.74% 3,319,372.57, 6.4.3 47,346,737.24 86.47% 6.4.4 8.13 6.5 2004 12 31 136,854,437.00 6.5.1 2004.12.31 2003.12.31 1 136,196,137.00 99.52 27,297,970.20 98.96 1 2 510,300.00 0.37 138,200.00 0.50 2 148,000.00 0.11 148,000.00 0.54 136,854,437.00 100.00 27,584,170.20 100.00 6.5.2 1 658,300.00 6.5.3 5% 5% 6.5.4 4.96 6.6 2004 12 31 804,868,863.54 6.6.1 2004.12.31 2003.12.31 70

45,639,414.74 600,154,610.40 63,598,847.63 382,075,169.70 10,741,208.22 215,212,664.46 189,448,971.65 7,461,021.57 868,467,711.17 63,598,847.63 571,524,141.35 10,741,208.22 6.6.2 2003.12.31 2004.12.31 10,741,208.22 52,857,639.41 63,598,847.63 10,741,208.22 52,857,639.41 63,598,847.63 6.6.3 52,857,639.41 6.6.4 51.96% 6.7 2004 12 31 147,431,380.15 6.7.1 2003.12.31 2004.12.31 1 2 71

1 245,218,966.92 98,087,586.77 147,131,380.15 2 3 4 300,000.00 300,000.00 245,518,966.92 98,087,586.77 147,431,380.15 6.7.2 (%) 10% 300,000.00 300,000.00 6.7.3 2004.12.31 245,218,966.92 98,087,586.77 98,087,586.77 147,131,380.15 5 245,218,966.92 98,087,586.77 98,087,586.77 147,131,380.15 2004 6 30, 245,218,966.92 5, 98,087,586.77 147,131,380.15 6.8 2004 12 31 2,822,649,613.00 6.8.1 2003.12.31 2004.12.31 1886,228,975.18 651,621,124.42 64,038,524.32 1,473,811,575.28 2 2,661,552,488.03 512,281,539.93 51,590,016.37 3,122,244,011.59 3 1,309,259.73 24,563,369.10 697,000.00 25,175,628.83 4 214,079,991.30 48,492,662.06 9,209,736.62 253,362,916.74 3,763,170,714.24 1,236,958,695.51 125,535,277.31 4,874,594,132.44 1202,477,381.50 107,171,498.83 7,055,735.73 302,593,144.60 72

2 1,396,994,161.46 291,030,089.34 82,579,952.75 1,605,444,298.05 3 1,078,358.56 1,497,668.54 639,019.04 1,937,008.06 4 103,259,131.40 29,137,709.52 7,858,168.64 124,538,672.28 1,703,809,032.92 428,836,966.23 98,132,876.16 2,034,513,122.99 110,319,933.79 10,319,933.79 2 7,111,462.66 7,111,462.66 3 4 17,431,396.45 17,431,396.45 2,041,930,284.87 808,121,729.28 27,402,401.15 2,822,649,613.00 6.8.2 91,575,739.13 29,104,277.42 2004 6 30 2003 6.8.3 2004 12 31 6.8.4 6.8.5 6.8.6, 6.9 2004 12 31 262,535,664.47 6.9.1 2003.12.31 2004.12.31 375,000,000.00 262,535,664.47 262,535,664.47 70% 208,362.00 208,362.00 415,746.00 415,746.00 73

1,558,630.00 1,558,630.00 2,174,127.00 2,174,127.00 165,132.00 165,132.00 396,626.00 396,626.00 236,476.00 236,476.00 5,170,602.13 5,170,602.13 726,233.00 726,233.00 32,440,676.00 32,440,676.00 9,600,000.00 9,600,000.00 12,408,928.00 12,408,928.00 300,000,000.00 10,874,600.00 10,874,600.00 150T 787,376.00 787,376.00 370,000.00 370,000.00 4,672,590.00 4,672,590.00 9,369,635.00 9,369,635.00 3,000,000.00 2,345,645.00 2,345,645.00 1,257,820.00 1,257,820.00 3,603,465.00 354,111,403.60 91,575,739.13 1,257,820.00 264,881,309.47 6.9.2 2003.12.31 2004.12.31 2,345,645.00 2,345,645.00 2,345,645.00 2,345,645.00 6.9.3 6.10 2004 12 31 10,697,235.00 6.10.1 74

2003.12.31 2004.12.31 D 3,817,900.00 3,817,900.00 381,790.02 3,436,109.98 4.5 3,192,170.00 3,192,170.00 319,216.98 2,872,953.02 4.5 JGH60 696,555.00 696,555.00 69,655.50 626,899.50 4.5 912,525.00 912,525.00 91,252.50 821,272.50 4.5 3,000,000.00 3,000,000.00 60,000.00 2,940,000.00 49 11,619,150.00 11,619,150.00 921,915.0010,697,235.00 6.10.2 8,619,150.00 2004 6 30 [2003] 054 2003 12 31 861.915 6.10.3 3,000,000.00 [2003] 053 2003 12 31 9,848.83 6.10.4,, 6.11 2004 12 31 474,880,000.00 6.11.1 2004.12.31 2003.12.31 174,880,000.00 44,880,000.00 300,000,000.00 474,880,000.00 44,880,000.00 6.11.2 300,000,000.00 6.11.3 6.12 75

2004 12 31 958,976,170.95 70.74% 301,404,365.70 3 6.13 2004 12 31 925,284,839.74 5% 5% 1 2,550.00 33% 6.14 2004 12 31 83,128,195.60 2004.12.31 17% 23,069,074.58 15% 22,438,957.62 5% 21,638,592.11 1.2% 2,065,848.76 7% 3,866,313.97 355,408.02 1,749.00 3,873,537.66 551,351.75 5,267,362.13 83,128,195.60 6.15 2004 12 31 1,843,431.86 76

2004.12.31 3% 1,721,054.55 1.5% 122,377.31 1,843,431.86 6.16 2004 12 31 89,943,172.13 70.74% 20,298,579.92 3 388,968.41 6.17 2004 12 31 338,900,000.00 58,900,000.00 2003.06.05-2006.06.04 4.941% 200,000,000.00 2003.06.06-2006.06.05 4.941% 80,000,000.00 2003.09.04-2006.09.01 4.779% 338,900,000.00 6.18 2004 12 31 728,000,000 728,000,000.00 2003.12.31 2004.12.31 1528,000,000.00 528,000,000.00 : 515,000,000.00 515,000,000.00 13,000,000.00 13,000,000.00 2 3 77

4 528,000,000.00 528,000,000.00 1 200,000,000.00 200,000,000.00 2 3 4 200,000,000.00 200,000,000.00 728,000,000.00 728,000,000.00 6.19 2004 12 31 1,158,157,725.55 2003.12.31 2004.12.31 1,152,062,181.70 1,152,062,181.70 5,500,000.00 5,500,000.00 595,543.85 595,543.85 1,158,157,725.55 1,158,157,725.55 6.20 2004 12 31 429,909,075.86 2003.12.31 2004.12.31 140,674,121.25 76,506,241.16 217,180,362.41 136,222,472.29 76,506,241.16 212,728,713.45 276,896,593.54 153,012,482.32 429,909,075.86 10% 10% 2004 6.21 6.21.1 2004 12 31 1,143,636,892.73 78

765,062,411.61 684,466,963.95 76,506,241.16 76,506,241.16 152,880,000.51 1,143,636,892.73 6.21.2 2004 12 31 10 2.4 2004 6.22 2004 8,964,746,284.69 7,379,401,947.90 6.22.1 2004 2003 11,373,732.00 10,805,045.60 10,839,990.00 10,643,930.51 1,393,686,900.69 1,221,374,687.89 831,796,570.18 779,996,450.05 3,337,644,661.62 2,481,339,436.27 2,309,715,734.47 1,676,517,074.14 2,122,520,789.73 1,797,710,239.13 1,488,024,169.52 1,239,901,989.14 2,031,319,743.25 1,815,497,092.95 1,182,935,452.33 983,639,169.45 66,350,069.53 50,892,820.81 28,547,011.18 29,342,806.24 40,516,307.75 40,516,307.75 1,850,387.87 1,782,625.25 8,964,746,284.69 7,379,401,947.90 5,892,375,235.43 4,760,557,727.28 79

8,964,746,284.69 7,379,401,947.90 5,892,375,235.43 4,760,557,727.28 6.22.2 2004 2003 6,699,913,161.16 5,383,943,367.77 3,542,490,537.40 2,781,270,265.76 2,264,833,123.53 1,995,458,580.13 2,349,884,698.03 1,979,287,461.52 8,964,746,284.69 7,379,401,947.90 5,892,375,235.43 4,760,557,727.28 8,964,746,284.69 7,379,401,947.90 5,892,375,235.43 4,760,557,727.28 6.22.3 5 5,123,106,828.41 57.15% 6.23 2004 48,389,270.77 2004 2003 7% 33,022,940.08 10,654,598.06 3% 14,594,013.00 24,880,278.79 1.5% 772,317.69 48,389,270.77 35,534,876.85 6.24 2004 75,604,192.26 2004 2003 172,509,120.38 172,175,506.74 333,613.64 277,510,332.88 277,510,332.88 77,924,154.68 4,366,143.80 73,558,010.88 7,272,997.20 5,595,012.82 1,677,984.38 8,512,402.96 6,799,835.22 1,712,567.74 645,359.98 625,698.52 19,661.46 258,945,678.02 183,341,485.76 75,604,192.26 285,428,690.06 283,731,044.22 1,697,645.84 6.25 2004 35,853,441.71 80

2004 2003 23,939,091.23 22,961,384.02 3,861,399.10 3,497,035.66 12,940,773.41 5,045,190.71 2,834,976.17 51,235.77 35,853,441.71 24,560,774.84 26,774,067.40 6.26-98,087,586.66 6.27 31,131,129.35 2004 2003 27,402,401.15 19,432,873.65 10,319,933.79 2,345,645.00 1,313,083.20 1,149,913.00 70,000.00 20,000.00 31,131,129.35 30,922,720.44 6.28 16,888,291.83 4,468,317.45 ; 3,861,399.10 6.29 195,366,327.41 100,452,702.29 13,830,665.93 81

15,776,418.30 15,775,749.58 7,453,234.64 7 7.1 2004 12 31 240,631,966.48 7.1.1 2004.12.31 2003.12.31 1 243,062,592.40 100.00 2,430,625.92 55,417,945.36 100.00 554,179.45 243,062,592.40 100.00 2,430,625.92 55,417,945.36 100.00 554,179.45 7.1.2 5% 5% 7.1.3 240,848,566.97 99.09% 7.1.4 3.39 7.2 2004 12 31 8,454,934.12 7.2.1 2004.12.31 2003.12.31 1 4,787,049.92 54.42 81,015.68 5,555,724.57 92.71 55,557.25 1 2 3,634,757.54 41.32 181,737.88 367,658.35 6.14 6,158.41 2 3 369,627.40 4.20 73,925.48 103.60 0.00 30.21 3-4 103.60 0.00 31.08 528.90 0.01 158.67 4-5 528.90 0.01 423.12 5 5,156.00 0.06 5,156.00 68,691.47 1.15 68.691.47 8,797,223.36100.00 342,289.24 5,992,706.89 100.00 80.213.31 7.2.2 70.74% 772,635.33 82

7.2.3 5,907,397.78 67.15% 7.3 2004 12 31 649,719,378.46 7.3.1 2003.12.31 2004.12.31 1 2 1 747,806,965.23 98,087,586.77 649,719,378.46 2 3 4 747,806,965.23 98,087,586.77 649,719,378.46 7.3.2 (%) 90 649,719,378.46 649,719,378.46 7.3.3 2003 2004 12 31 12 31 + + 648,435,759.67 1,283,618.79 1,283,618.79 649,719,378.46 648,435,759.67 1,283,618.79 1,283,618.79 649,719,378.46 7.3.4 2004.12.31 83 245,218,966.92 98,087,586.77 98,087,586.77 147,131,380.15 5 245,218,966.92 98,087,586.77 98,087,586.77 147,131,380.15 6.7.3.

: 112,844.48 97,391.72 14,963.63 12,316.57 1,275.33 11,041.24 7.4 2004 8,964,746,284.69 7,466,244,403.83 7.4.1 2004 2003 11,373,732.00 10,805,045.60 10,839,990.00 10,643,930.51 1,393,686,900.69 1,230,592,738.80 831,796,570.18 779,996,450.05 3,337,644,661.62 2,481,339,436.27 2,309,715,734.47 1,676,517,074.14 2,122,520,789.73 1,797,710,239.13 1,488,024,169.52 1,239,901,989.14 2,031,319,743.25 1,892,604,783.22 1,182,935,452.33 983,639,169.45 66,350,069.53 50,892,820.81 28,547,011.18 29,342,806.24 40,516,307.75 40,516,307.75 1,850,387.87 2,299,340.00 8,964,746,284.69 7,466,244,403.83 5,892,375,235.43 4,760,557,727.28 8,964,746,284.69 7,466,244,403.83 5,892,375,235.43 4,760,557,727.28 7.4.2 2004 2003 6,699,913,161.16 5,470,785,823.70 3,542,490,537.40 2,781,270,265.76 84

2,264,833,123.53 1,995,458,580.13 2,349,884,698.03 1,979,287,461.52 8,964,746,284.69 7,466,244,403.83 5,892,375,235.43 4,760,557,727.28 8,964,746,284.69 7,466,244,403.83 5,892,375,235.43 4,760,557,727.28 7.4.3 5 5,123,106,828.41 57.15% 7.5 1,283,618.79 2004 2003 99,371,205.56-98,087,586.77 1,283,618.79 8 8.1 8.1.1 359,196 8.1.2 85

( ) ( ) 359,196 359,196 8.1.3 ( ) (%) ( ) (%) 51,500 70.74 51,500 70.74 8.1.4 420,000 156 200,000 708 181,553 10,600 685 8.2 8.2.1 1 2 30 3 86

4 30 8.2.2 : 668,929,099.97 100.00 182,654,503.35 100.00 2,115,269,986.72 96.84 1,551,354,153.60 100.00 1,193,299,587.72 87.34 783,979,146.90 100.00 406,151,783.81 95.69 395,800,805.73 100.00 9,305,684.00 12.67 96,736,774.09 65.00 37,498,176.67 35.83 44,870,329.24 49.00 96,440,542.96 18.91 49,004,397.62 9.00 157,228,582.95 72.59 125,827,332.89 76.00 123,331,296.94 31.05 120,314,748.25 27.00 4,807,454,741.75 3,350,542,191.67 8.2.3 : 11,373,732.00 100.00 10,839,990.00 100.00 1,277,167,279.72 91.64 550,887,034.22 70.63 238,707,442.88 3.19 626,035,460.11 16.05 168,122,770.26 97.46 211,176,326.46 100.00 70,683,413.45 70.81 1,695,371,224.86 1,469,622,224.24 8.2.4 1999 4 7 521,571 2004 6 12 87

42,095.30 360,115.00 8.2.5 1999 4 7 717833 2005 4 7 8.2.6 2004 2003 77,924,154.68 7,272,997.20 8,349,652.96 86,273,807.64 7,272,997.20 8.2.7 200,000,000.00 2004.09.04-2005.09.03 100,000,000.00 2004.09.14-2005.09.14 8.2.8 8.2.9 2004 83.57 2003 80.49 15 12 28.96 23.36 2001 6 88

8.3 : 2004 12 31 2003 12 31 % % 496,423.68 0.20 55,417,945.36 100.00 : 3,319,372.57 6.15 1,452,647.50 24.24 : 20,298,579.92 22.57 2,259,706.47 4.73 : 301,404,365.70 31.43 9 2004 12 31 10 2004 12 31 11 11.1 10% 10%, 2004 12 31 10 2.4 2004 11.2 2004 3 10 12 12.1 2001 9 2004 2003 2004 2003 89

44.42 48.35 2.11 2.11 38.50 40.38 1.51 1.51 30.73 33.45 1.46 1.46 26.09 27.37 1.02 1.02 22.11 24.07 1.05 1.05 21.11 22.14 0.83 0.83 22.84 24.86 1.09 1.09 21.31 22.35 0.83 0.83 12.2 2004 1 2004 2004 2003 2004 2003 35,890.00 35,890.00 1,313,083.20 20,000.00 70,000.00 1,149,913.00 27,402,401.15 19,432,873.65-14,248,965.16 28,785,484.35 6,353,821.49-28,749,594.35-6,353,821.49-3,474,816.13-777,586.27-25,274,778.22-5,576,235.22 12.3 : 90

634,392.76 2,603,309.59 3,237,702.35 554,179.45 1,881,703.13 2,435,882.58 80,213.31 721,606.46 801,819.77 10,741,208.2 52,857,639.41 63,598,847.63 2 10,741,208.2 52,857,639.41 63,598,847.63 2-17,431,396.4 5 10,319,933.7 9 17,431,396.45 10,319,933.79 7,111,462.66 7,111,462.66 2,345,645.00 2,345,645.00 13, 2005 2 3 2005 2006 91

2005 2006 2005 92

93