2004... 2... 2... 3... 5... 8... 10...11... 12... 19... 20... 22... 51 1
LIAONING SG AUTOMOTIVE GROUP CO., LTD. 50 0415-4146825 0415-4142821 dongban@sgautomotive.com 50 118001 www.sgautomotive.com dongban@sgautomotive.com http://www.sse.com.cn 600303 1995 12 11 2106001110977 210604120109772 2
88 8 818 148,664,288.57 111,469,057.69 104,822,975.58 383,762,119.72 17,061,421.94 126,526,216.94 16,550,779.21 7,484,997.24-1,897,704.82 294,284,089.35 215,005,104.12-2,024,865.30 11,541,585.22 200,692.74 (-) -489,854.75-3,223,626.10 660,399.09-18,248.79 6,646,082.11 2004 2003 2002 2,688,970,095.69 2,207978,274.94 672,580,247.63 148,664,288.57 151,815,631.27 63,067,810.23 111,469,057.69 93,840,058.94 37,117,660.96 104,822,975.58 93,306,344.87 39,881,945.72 2004 2003 2002 2,253,019,014.63 2,088,555,426.51 1,542,649,856.85 599,346,954.55 535,050,970.97 472,736,562.11 294,284,089.35 272,814,308.06 27,210,532.77 2004 2003 2002 3
0.69 0.58 0.23 % 18.60% 17.54% 7.85% 17.49% 18.61% 8.43% % 1.82 1.68 0.17 2004 2003 2002 3.70 3.30 2.92 3.69 3.22 2.75 % 64.03% 68.15% 2.37 2.37 21.11% 22.47% 0.78 0.78 18.60% 19.79% 0.69 0.69 17.49% 18.61% 0.65 0.65 162,000,000.00 235,856,790.45 39,243,372.22 15,963,286.01 86,637,425.52 539,700,874.20 1,426,925.89 25,690,825.92 8,942,715.58 111,469,057.69 147,529,525.08 3,099,935.48 1,549,967.75 83,233,541.50 87,883,444.73 162,000,000.00 237,283,716.34 61,834,262.66 23,356,033.84 114,872,941.71 599,346,954.55 51% 4
1 169750000 69750000 2 3 4 69750000 1 92250000 2 3 4 92250000 69750000 69750000 69750000 92250000 92250000 162000000 162000000 2 1 A 2000-12-11 8.8 4,000 2000-12-26 4,000 2000 12 11 [2000]165 4000 8.8 2000 12 26 4000 9000 3875 1125 4000 5
2001 5 2000 9000 10 8 16200 6975 2025 7200 2003 12 2025 16200 6975 9225 2 3 1 31,123 1 A 31,122 2 10 % 0 69750000 43.06 0-16964 952811 0.59 355000 0.22 ( ) 343161 0.21 297000 0.18 283822 0.18 234600 0.15 230906 0.14 222000 0.14 222000 0.14 9 3 1 2002 7 5 9600 2 6
76.99% 43.06% 3 4 10% 10% 5 10 A B H 952811 A 355000 A ( ) 343161 A 297000 A 283822 A 234600 A 230906 A 222000 A 222000 A 221303 A 300 7
1 58 2003.1.18-2006.1.18 22500 22500 33 2003.1.18-2006.1.18 45000 45000 51 2003.1.18-2006.1.18 18000 18000 37 2003.1.18-2006.1.18 0 0 45 2003.1.18-2006.1.18 4500 4500 41 2003.1.18-2006.1.18 0 0 49 2003.1.18-2006.1.18 0 0 65 2003.1.18-2006.1.18 0 0 50 2003.1.18-2006.1.18 0 0 51 2004.2.27-2006.1.18 0 0 51 2003.1.18-2006.1.18 0 0 36 2003.1.18-2006.1.18 0 0 39 2003.10.23-2006.1.18 0 0 40 2003.1.18-2006.1.18 0 0 2 MBA Levin Management Group 32 8
99 10 3 2002-07-05 4 5 1 2 2003 1 18 2002 2003 1 26 3 160.46 84.54 98 2 9
4 12 4 6-12 4 6 6 2004 6 2004 2 27 1,156 45 1 785 82 115 12 162 2 155 131 870 10
1 9 3 6 6 0 0 6 6 0 0 6 6 0 0 2 1 2 3 4 5 2004 11
1 2004 3 2 2003 2003 2004 4 2 18 80,117,576 49.46% 2 1 2003 2 2003 3 2003 4 2004 5 2003 6 2003 7 8 9 10 11 12 13 14 15 2004 4 3 1 2004 3 2 2004 2004 2004 6 28 5 74,035,223 45.7% 1 2 SUV 2004 6 29 31.2 SUV 9669 5325 96022 916 2004 268,897 21.78% 38,922 81% 11,530 18.64% 12
2004 38,376 2.59% 18.65% 2004 15.2% 11,147 18.79% 1 1 2 % % 2,688,970,095.69 100% 383,762,119.72 100% 5,084,922.57 0.19% 1,164,643.56 0.30% 2,688,970,095.69 100% 383,762,119.72 100% 3 % % 556,518,516.40 20.70% 93,325,795.54 22.83% 78,644,262.93 2.92% 15,363,393.08 3.76% 1,159,469,144.44 43.12% 158,973,400.12 38.89% 667,448,327.00 24.82% 124,822,982.90 30.54% 186,350,870.40 6.93% 3,771,352.65 0.92% 9,838,166.93 0.37% 1,816,653.40 0.44% 30,700,807.59 1.14% 10,693,698.47 2.62% 5,084,922.57 0.19% 1,164,643.56 0.30% 2,688,970,095.69 / 383,762,119.72 / 4 % % 996,761,355.15 34.25% 113,989,850.85 28.48% 671,999,149.04 23.09% 100,635,913.16 25.15% 578,145,963.66 19.86% 77,846,792.89 19.45% 176,322,406.55 6.06% 34,891,857.32 8.72% 266,708,603.61 9.16% 31,761,271.24 7.94% 88,045,001.11 3.03% 13,555,294.60 3.39% 89,053,708.30 3.06% 15,006,793.86 3.75% 13
5,084,922.57 0.19% 1,164,643.56 0.30% 43,432,168.15 1.49% 12,519,786.66 3.13% 2,910,468,355.57 400,207,560.58 221,498,259.88 16,445,440.86 2,688,970,095.69 383,762,119.72 5 10% % 556,518,516.40 463,192,720.86 16.77% 1,159,469,144.44 1,000,495,744.32 13.71% 667,448,327.00 542,625,344.10 18.7% 2 22000 51% 2004 922,480,033.18 16,454,770.51 941.2 57.5% 2004 62,959,046.15-152,841.35 5400 90% 2004 142,072,219.01 5,598,277.74 3100 67% 2004 55,091,828.61 3,278,074.38 1000 90% 2004 258,199,376.05 54,825,138.82 1180 95% 2004 46,393,750.81 1,602,823.05 5000 90% 2004 53,498,454.63 1,717,632.40 10% 14
3 29,966 12.17% 39,440.80 14.67% 4 1 2000 33,816 30,283 3,533 2 7,066 7,066 5,915 8,000 11,220 2,769 1,366 1,075.8 1,042 210 1,762 1,492.2 890 2,950 0 3,243 0 2,998 2,998 685 2,995 1,195 739 3,436 3,436 0 1,800 900 33,816 / 30,283 12940 / / 1 7,066 7,066 2 8,000 11,220 3 1,366 1,075.8 4 210 15
1,762 1,492.2 2003 51% 5 2,950 0 7,710 210 11,220 ( ) 6 3,243 0 3,243 290 2004 6 28 2004 SUV 7 2,998 2,998 8 2,995 1,195 2,995 2001 6 28 2001, 2002 9 3 2002 1,800 9 3,436 3,436 16
3,533 SUV 3,533 0 0 3,533 0 0 3 % 2,253,019,014.63 2,088,555,426.51 164,463,588.12 7.87% 383,762,119.72 393,970,703.10-10,208,583.38-2.59% 111,469,057.69 93,840,058.94 17,628,998.75 18.79% 215,005,104.12 175,312,703.81 39,692,400.31 22.64% 599,346,954.55 535,050,970.97 64,295,983.58 12.02% 1 2004 2.59% 2003 18.65% 15.2% 2 3 2004 1 2004 2 27 9 17
8 1 1 2003 2 2003 3 2003 4 2004 5 2003 6 2003 7 2004 8 9 10 11 12 13 14 15 16 17 2003 2004 3 2 2 2004 4 22 2004 3 2004 5 25 1 2 SUV 3 2004 2004 5 26 4 2004 6 29 2004 6 30 5 2004 7 20 1 2004 2 2004 7 22 6 2004 10 8 2004 1 2003 2003 2003 162,000,000 10 3 2004 5 15 2004 5 19 2004 5 20 2004 5 26 2 2004 111,469,057.69 10% 17,885,431.15 5% 8,942,715.58 7,805,394.77 38,037,425.52 2004 114,872,941.71 2004 16,200 10 2 3,240 82,472,941.71 18
2004 2004 2005 1019 2004 12 31 [2003]56 [2003]56 1 2 50% 3 [2003]56 2004 1 [2003]56 2 [2003]56 1 2004 2 27 1 2003 2 2003 3 4 5 2004 3 2 2 2004 5 25 19
SUV 2004 5 26 3 2004 7 20 1 2004 2 2004 7 22 2004 51% 2004 20
1 2004 2 27 2004 4 2 2003 51% 6,768 6,884 0 7,200 1,154 2004 3 2 14,905 1,886 51% 2004 4 6 2 1 2 0 0 3,000 6,000 6,000 % 10% 50 0 70 0 50 0 3 21
5% 60 6 2003 2004 2004 6 7 11 2004 6 29 2004 7 22 2005 1016 2004 12 31 2004 2004 2004 12 31 2004 2005 1 27 22
( ) 1993 3 2 [1993]5 2000 12 6 [2000]165 4,000 9,000 2001 5 10 2000 2000 12 31 9000 10 2 10 8 7,200 16,200 16,200 2003 9 22 2003 9 29 2106002101767 ( ) 1. 2. 1 1 12 31 2004 1 1 2004 12 31 3. 4. 5. 1 6. 23
7. 8. ( ) 2004 1 1 5% 1% 10% 10% 15% 15% 30% 20% 50% 80% 9. 10. 1 a b 20% 20% 20% 20% 20% 20% 24
50% c d, 2 a b c 3 11. 2,000 5% 30 40 3.17% 2.37% 14 6.79% 10 12 9.50% 7.92% 5 19.00% 12. 3 25
13. a b c 3 d 14. 15. 16. 17. a b c a b c 18. 26
19. 2004 1 1 11,890,221.81 20. 1995 11 96 2 ( ) 1. 17% [1994]21 100% 2. 2000 3% 3. 5% 4. 7% 5. 3% 1% 6. 33% 2001 36642 ( ) 27
1 2 10% 3 5% 4 5 ( ) 1 ( ) ( ) 220,000,000.00 112,200,000.00 51% 54,000,000.00 48,600,000.00 99% 50,000,000.00 45,000,000.00 95.1% 31,000,000.00 20,770,000.00 67% 11,800,000.00 11,210,000.00 95% 10,000,000.00 9,000,000.00 90% 9,412,000.00 5,412,000.00 57.5% 70 3,476,382.02 57.06% 60,000,000.00 18,000,000.00 30% 2 A 2001 36642 2002 10 18 [2002]138 42 60% 2004 3 19 B 2003 51% 72,000,000.00 2004 4 6 11,541,585.22 ( ) 1. 33,095.86 16,102.99 623,166,069.05 408,177,957.80 623,199,164.91 408,194,060.79 28
2,562,534.10 1:8.2765 21,208,813.48 1.00 1:0.0800 0.08 5,766.78 1:1.0643 6,137.58 52.67% 76% 2. 205,707,765.07 303,109,617.07 29,364,109.60 235,071,874.67 303,109,617.07 164,849,869.80, 3. 1275,351,529.61 73.05% 13,767,427.83 250,060,884.95 71.58% 2,500,608.85 1-2 25,534,171.51 6.77% 1,305,417.15 88,929,033.72 25.46% 26,884,689.87 2-3 74,506,039.76 19.77% 27,965,224.20 7,071,550.86 2.02% 1,060,732.63 3-4 564,404.44 0.15% 169,321.33 2,013,969.51 0.58% 402,793.90 4-5 937,306.40 0.25% 468,653.20 1,249,756.64 0.36% 1,114,303.77 5 24,800.00 0.01% 19,840.00 376,918,251.72 100.00% 43,695,883.71 349,325,195.68 100.00% 31,963,129.02 5% 5% 5 134,291,511.55 35.63% ( ) ( ) 2002 87 10% 27,397,168.24 4. 1 7,658,584.48 93.78% 345,429.22 18,978,597.75 59.31% 1-2 58,280.55 0.70% 5,828.06 132,343.21 0.40% 2-3 35,570.00 0.44% 5,335.50 992,970.51 3.10% 3-4 2,100.00 0.03% 630.00 1,662,944.10 5.20% 189,785.98 13,234.32 148,945.58 332,588.82 29
4-5 9,409,917.58 29.41% 1,881,983.52 5 824,028.91 2.58% 412,023.01 5.05% 329,618.41 368,313.01 8,166,558.04 100.00% 686,841.19 32,000,802.06 100.00% 2,934,851.23 5% 5% 5 4,586,249.28 56.16% 1 3,480,000.00 2 401,528.91 3 349,604.22 4 200,000.00 5 155,116.15 4,586,249.28 74.48% 51% 12,254,733.09 348 5. 1 141,591,034.63 99.64% 94,924,036.31 98.70% 1-2 459,142.05 0.32% 1,134,357.19 1.18% 2-3 52,741.00 0.04% 21,704.00 0.02% 3 97,997.89 0.10% 142,102,917.68 100.00% 96,178,095.39 100.00% 5% 5% 5 75,116,942.62 52.86% 1 24,254,950.00 2 15,804,235.86 3 19,541,035.08 4 8,528,292.67 5 6,988,429.01 75,116,942.62 ( ) 971 30
6. 133,434,138.87 130,452,678.31 210,298.77 89,209,113.25 189,451.51 168,344,881.20 359,356.49 73,826,299.92 2,196,800.00 36,153,286.73 1,505,532.22 2,217,068.22 2,759,033.76 4,865,760.36 3,862,706.65 7,907,006.51 64,914,798.33 311,459,387.13 2,386,251.51 406,487,384.98 2,075,187.48 95,027,997.85 23.38% A 51% 39,369,720.64 24,095,656.13 B 7. 30,000.00 34,118.40 64,118.40 209,203.37 209,203.37 400,000.00 300,000.00 100,000.00 10,300.00 18,122.03 24,455.00 3,967.03 249,503.37 452,240.43 597,776.77 103,967.03 8. 1 43,305,210.63 6,745,578.05 12,018,680.36 38,032,108.32 43,305,210.63 6,745,578.05 12,018,680.36 38,032,108.32 : A 5 10% 31
B 2004 8 23 102 51% A [2002]138 638,461.23 B 51% 494 C 220 2 230 1.03% 5,000,000,00 : 30% 24,804,102.51 0.51% 2,000,000.00 51% 1,020,000.00 11.11% 100,000.00 10% 50,000.00 27,974,102.51 18,000,000.00 21,330,473.15 5,675,578.05 2,201,948.69 24,804,102.51 6,804,102.51 1,020,000.00 1,020,000.00 19,020,000.00 21,330,473.15 5,675,578.05 2,201,948.69 25,824,102.5 1 6,804,102.51 : 6,571,973.13 10 5,640,943.64 657,197.31 4,983,746.33 91,867.40 10 83,446.22 9,186.74 74,259.48 6,663,840.53 5,724,389.86 666,384.05 5,058,005.81 9. 148,541,370.07 36,485,568.33 23,150,090.40 161,876,848.00 32
416,961,751.02 16,594,193.76 88,274,423.73 5,876,026.55 87,400,907.19 417,835,267.56 2,934,118.56 19,536,101.75 9,722,586.06 1,088,136.72 12,665,130.20 4,030,680.86 591,819,900.91 134,666,699.47 114,573,252.87 611,913,347.51 19,446,855.46 156,076,376.93 5,860,347.87 3,385,289.34 23,743,979.54 1,421,403.73 6,150,640.95 16,681,503.85 27,055,170.12 152,765,186.35 1,327,039.65 5,954,711.95 5,033,039.65 466,364.00 6,167,174.20 1,600,498.55 186,416,619.91 30,151,171.16 34,999,214.72 181,568,576.35 405,403,281.00 430,344,771.16 141,009.36 141,009.36 298,231.08 159,043.97 139,187.11 88,901.37 88,901.37 92,286.26 70,786.26 21,500.00 620,428.07 459,740.96 160,687.11 404,782,852.93 430,184,084.05 80,593,613.88 51% 103,562,760.85 32,494,464.88 67,921,000.00 10. 24,646,880.72 23,727,045.38 919,835.34 10% 7,181,564.50 7,181,564.50 17,968,140.74 216,000.00 17,752,140.74 15% AAM 14,258,249.53 14,258,249.53 30% 3,935,167.30 420,526.00 3,514,641.30 90% 4,550,757.24 4,550,757.24 33
147,495.24 147,495.24 2,707,933.90 244,545.00 2,463,388.90 90.00% 21,230.67 21,230.67 1,724,434.00 8,664,464.00 10,388,898.00 10,914,433.14 11,784,135.43 22,698,568.57 100% 2,849,920.00-217,824.29 2,632,095.71 100% 8,937,458.44 1,723,657.16 10,661,115.60 100% 2,384,368.04 3,257,671.09 5,642,039.13 100% 2,132,092.65 572,394.04 2,704,486.69 100% 99,200.00 99,200.00 100% 7,508,365.16 7,508,365.16 100% : 3,356,754.64 2,506,955.63 1,159,093.80 2,530,754.64 2,173,861.83 39,907,026.07 103,540,146.99 80,593,613.88 10,039,119.80 52,814,439.38 168,725.91 168,725.91 39,907,026.07 52,814,439.38 12,907,413.31 32.34% 2004 51%, 7,508,365.16 2004 168,725.91, 5.841% 11. 51,497,354.00 51,497,354.00 476,272.07 476,272.07 51,021,081.93 49.5 544,400.00 532,604.67 10,888.00 22,683.33 521,716.67 47.92 400,000.00 382,000.00 8,000.00 26,000.00 374,000.00 46.75 5,736,310.60 5,478,176.63 114,726.21 372,860.18 5,363,450.42 46.75 3,318,432.00 3,158,041.12 66,368.64 226,759.52 3,091,672.48 46.58 13,736,632.00 12,981,353.26 283,229.53 1,038,508.27 12,698,123.73 44.83 627,837.22 571,331.82 12,556.80 69,062.20 558,775.02 44.5 3,750,677.31 3,384,383.10 76,917.80 443,212.01 3,307,465.30 43 236,231.28 192,785.26 10,270.92 53,716.94 182,514.34 17.58 34
1,412,000.00 823,666.63 141,200.04 729,533.41 682,466.59 4.83 1,548,030.00 1,150,774.69 221,147.16 618,402.47 929,627.53 4.17 593,400.00 464,830.00 118,680.00 247,250.00 346,150.00 2.92 5,690,200.00 3,319,283.34 1,896,732.00 4,267,648.66 1,422,551.34 0.75 9,328,000.00 8,535,119.96 8,535,119.96 98,419,504.41 40,509,520.48 51,962,184.00 8,535,119.96 3,436,989.17 8,591,909.06 80,499,595.35 39,990,074.87 98.72% 23,711,400.00 12. 108,300.00 108,300.00 6,883.33 6,883.33 101,416.67 4.5-4.75 273,100.00 233,303.33 54,620.00 94,416.67 178,683.33 3.17-3.45 862,506.50 661,369.10 172,163.20 373,300.60 489,205.90 2.08-3 176,509.50 99,919.03 35,640.00 112,230.47 64,279.03 1.33-2 151,400.00 48,900.00 30,280.00 132,780.00 18,620.00 0.25-0.83 744,681.84 408,500.00 126,087.00 185,866.16 395,961.00 348,720.84 2.58 16,333.33 13,066.66 13,066.66 16,333.33 0.00 138,400.00 14,266.67 14,266.67 138,400.00 0.00 2,471,231.17 1,479,324.79 234,387.00 512,786.02 1,270,305.40 1,200,925.77 13. 47,590,000.00 100,816,020.00 294,500,000.00 175,150,000.00 6,000,000.00 35
29,364,109.60 371,454,109.60 281,966,020.00 89,488,089.60 31.74% 43,966,020.00 160,000,000.00 43,000,000.00 71,500,000.00 20,000,000.00 14. 391,566,708.63 325,731,000.17 391,566,708.63 325,731,000.17 65,835,708.46 20.21% 15. 1 482,667,958.83 94.07% 1-2 14,157,009.52 2.76% 2-3 16,280,472.10 3.17% 3 513,105,440.45 100.00% 504 590 698 45 27 325 531 78 659 650 62 694 584 19 533 270 465 04 94.63% 5.12% 0.12% 0.13% 100.00% 5%( 5%) 5 29,448,987.38 5.74% 16. 1 33,303,231.35 100.00% 34 139 522 73 94.70% 1-2 1 743 122 97 4.84% 2-3 145 676 34 0.40% 3 21 282 00 0.06% 33,303,231.35 100.00% 36,049,604.04 100.00% 5%( 5%) 36
5 8,697,130.00 26.11% 17. 5,328,882.77 18. 1,139,776.40 19. -3,035,902.05 1,672,428.45 17% 1,180,836.18 3,347,379.66 3% 282.50 48,395.00 5% -705,083.78 712,261.22 7% 5% 7,356,518.13 6,865,602.00 15% 33% 838,692.59-39,821.44 1.2% 12% -51,900.27 116,774.28 300.00-125,767.62 23,925.60 127,632.00 127,632.00-2,064,147.20 3,521,160.48 12,874,876.77 : 9,353,716.29 72.65% 51% 2,554,780.05 2,064,147.20 20. : -209,569.23 593,940.47 3% 4% -209,569.23 593,940.47 21. : 1 6,299,955.89 20.33% 1-2 17,803,879.74 57.47% 2-3 6,746,821.12 21.78% 36 814 062 29 8 221 706 46 400 018 99 80.15% 17.90% 0.87% 37
3 129,872.15 0.42% 30,980,528.90 100.00% 496 256 33 45 932 044 07 1.08% 100.00% 5% 14,951,515.17 32.55% 51% 6,813,084.02 4,200,000.00 : 1 5,900,000.00 2 1,500,000.00 3 1,000,000.00 4 716,003.44 5 699,336.04 9,815,339.48 22. 8,001,400.00 6,355,300.00 2,530,650.60 2,460,804.64 659,537.23 227,024.40 252,411.00 1,917,873.20 13,336,485.43 9,068,515.64 : 4,267,969.79 47.06% 23. 11,000,000.00 42,000,000.00 42,000,000.00 11,000,000.00 35,000,000.00 7,000,000.00 24. 34,300,000.00 2004.01.02----2011.01.01 5.76% 15,500,000.00 2004.01.02----2011.01.01 5.76% 10,000,000.00 2004.03.31----2006.03.28 5.49% 59,800,000.00 38
15,500,000.00 10,000,000.00 25. 500,000.00 2,657,052.00 16,590,000.00 6,960,000.00 11,770,000.00 28,860,000.00 9,617,052.00 19,242,948.00 200.09% 2004 [2004]376 1659 2004 [2004]377 1177 26. 1 69,750,000.00 69,750,000.00 69,750,000.00 69,750,000.00 2 3 4 69,750,000.00 69,750,000.00 1 92,250,000.00 92,250,000.00 2 3 4 92,250,000.00 92,250,000.00 162,000,000.00 162,000,000.00 39
27. 231,573,351.12 231,573,351.12 3,983,439.33 1,426,925.89 5,410,365.22 300,000.00 300,000.00 235,856,790.45 1,426,925.89 237,283,716.34 28. 37,600,803.96 17,885,431.15 3,099,935.48 52,386,299.63 15,963,286.01 8,942,715.58 1,549,967.75 23,356,033.84 1,642,568.26 7,805,394.77 9,447,963.03 55,206,658.23 34,633,541.50 4,649,903.23 85,190,296.50 51% 29. 2004 2003 111,469,057.69 93,840,058.94 : 86,637,425.52 47,229,420.46 : 17,885,431.15 16,692,925.90 8,942,715.58 8,346,462.95 7,805,394.77 1,642,568.26 48,600,000.00 32,400,000.00 114,872,941.71 81,987,522.29 4,649,903.23 2003 2003 12 31 16200 10 3 ( ) 48,600,000.00 40
30. 2004 2003 556,518,516.40 488,947,171.56 149,046,961.41 78,644,262.93 25,681,714.80 1,159,469,144.44 810,734,914.49 667,448,327.00 560,661,694.35 186,350,870.40 163,258,089.80 9,838,166.93 9,647,728.53 30,700,807.59 2,688,970,095.69 2,207,978,274.94 480,991,820.75 21.78% 389,221,973.02 81% 115,302,165.73 18.64% 2004 394,407,982.24 14.67% 2004 90% 31. 2004 2003 463,192,720.86 372,901,199.72 104,303,559.38 63,280,869.85 17,896,147.00 1,000,495,744.32 684,930,741.30 542,625,344.10 451,384,919.28 182,579,517.75 157,083,196.88 8,021,513.53 7,739,463.52 20,007,109.12 2,280,202,819.53 1,796,239,227.08 32. 2004 2003 14,506,570.42 148,762.00 6,928.35 7,883,329.91 6,710,971.58 6,189,215.75 3,780,686.09 3,547,037.10 41
25,005,156.44 17,768,344.76 33. 2004 2003 10,642,634.12 5,974,936.53 165,421.12 5,114,760.83 1,304,026.99 1,221,691.31 935,098.23 17,061,421.94 8,297,147.19 8,764,274.75 105.63% 34. 6,972,430.08 16,406,391.21 13.49% 35. 7,926,029.53 16,856,344.17 14.15% 11,890,221.81 5,640,000.00 36. 2004 2003 23,885,688.49 22,295,144.75 6,001,727.78 3,244,734.06 17,883,960.71 19,050,410.69 77,494.85 13,358.50 : 2.48 680,209.89 491,091.85 18,641,662.97 19,554,861.04 37. 2004 2003 628,103.15 10,000.00 5,047,474.89 4,002,015.88-666,384.05-668,905.18 11,541,585.22 16,550,779.21 3,343,110.70 2004 13,207,668.51 395.07% 42
51% 72,000,000.00 11,541,585.22 38. 2004 2003 7,077,243.06 8,138,764.91 407,754.18 7,484,997.24 8,138,764.91 [1994]21 100% 2004 7,077,243.06 2004 144 2003 5120GYY 258 407,754.18 39. 2004 2003 65,877.44 374,764.09 81,524.33 196,009.15 53,223.93 79,565.39 35,242.00 83,260.37 27,433.34 131,163.12 254,400.50 873,662.66 40. 2004 2003 2,090,742.74 1,427,157.14 57,381.20 24,745.50 349,797.62 301,685.63 18,248.79 227,831.99-446,740.96-88,427.50 82,675.93 602,701.35 2,152,105.32 2,495,694.11 41. 2004 20,571,319.89 15,897,379.29 43.59% 11,985,971.00 43
( ) 1. 1 103,538,227.32 98.81% 5,134,750.65 56,238,388.58 92.75% 494,637.09 1-2 2-3 3-4 4-5 5 37,165.44 0.04% 3,716.54 415,364.26 0.69% 41,536.43 276,500.00 0.26% 41,475.00 1,878,567.05 3.10% 281,785.06 5,193.44 1,558.03 930,303.40 1.53% 528,384.08 930,303.40 0.89% 465,151.70 1,174,186.84 1.93% 418,636.53 104,787,389.60 100.00% 5,646,651.92 60,636,810.13 100.00 % 1,764,979.19 5% 5% 5 50,552,760.04 48.24% 843,214.28 2. 1 4,088,534.22 89.98% 204,426.71 1,690,973.2 2 1-2 2-3 3-4 4-5 43,895.00 0.97% 4,389.50 5 411,528.91 9.05% 329,223.13 824,028.91 4,543,958.13 100.00% 538,039.34 2,569,002.1 3 54,000.00 2.10% 65.82% 16,909.73 8,100.00 32.08% 368,313.01 100.00% 393,322.74 5% 5% 3. 1 417,722,145.47 81,498,009.14 110,947,681.51 388,272,473.10 417,722,145.47 81,498,009.14 110,947,681.51 388,272,473.10 44
2 230 1.03% 5,000,000,00 : 30 51.00% 122,319,514.62 90.00% 58,936,223.69 20 90.00% 47,628,610.31 10 67.00% 24,532,214.85 15 95.00% 18,874,075.52 30.00% 24,804,102.51 90.00% 77,721,371.15 10 57.50% 6,356,360.45 0.51% 2,000,000.00 100,000.00 383,272,473.10 : 112,200,000.00 118,390,194.42 8,395,088.59 4,465,768.39 122,319,514.62 9,180,009.73 49,070,214.22 61,952,755.06-61,952,755.06 48,600,000.00 58,197,791.09 6,457,985.57 5,719,552.97 58,936,223.69 9,399,897.43 45,000,000.00 45,969,119.53 1,659,490.78 47,628,610.31 2,602,587.94 20,770,000.00 22,335,905.02 2,196,309.83 24,532,214.85 3,762,214.85 19,666,900.00 19,115,026.15 881,202.03 1,122,152.66 18,874,075.52 690,749.97 18,000,000.00 21,330,473.15 5,675,578.05 2,201,948.69 24,804,102.51 6,804,102.51 9,000,000.00 55,640,781.04 49,596,369.97 27,515,779.86 77,721,371.15 67,749,182.78 5,412,000.00 7,690,100.01 124,711.04 1,458,450.60 6,356,360.45 731,765.63 327,719,114.22 410,622,145.47 13,033,980.80 42,483,653.17 381,172,473.10 100,920,510.84 45
: 6,571,973.13 10 5,640,943.64 657,197.31 4,983,746.33 6,571,973.13 5,640,943.64 657,197.31 4,983,746.33 4. 84,781,169.40 92,550,804.31 6,081,863.18 4,693,034.04 55,173,985.83 2,875,238.04 89,474,203.44 836,900.19 146,887,889.95 478,117.62 8,478,983.60 2,479,309.38 2,810,155.12 330,845.74 185,893,146.27 63,073,103.65 1,315,017.81 247,651,232.11 10,306,940.42 23,986,926.93 2,038,453.00 6,815,277.63 12,345,393.42 294,260.53 30,507,944.03 1,354,037.89 524,556.00 220,580.60 1,658,013.29 1,164,268.31 372,572.79 1,536,841.10 36,812,173.55 9,750,859.42 514,841.13 46,048,191.84 149,080,972.72 53,322,244.23 800,176.68 201,603,040.27 141,009.36 141,009.36 146,043.97 146,043.97 88,901.37 88,901.37 70,786.26 70,786.26 446,740.96 446,740.96 148,634,231.76 201,603,040.27 5. 2004 2003 498,627,224.20 419,248,898.83 433,306,254.46 342,987,888.00 30,700,807.59 20,007,109.12 529,328,031.79 439,256,007.95 433,306,254.46 342,987,888.00 46
6. 2004 2004 2003 74,217,007.28 72,249,660.32 10,000.00-657,197.31-657,197.28 11,541,585.22 85,101,395.19 71,602,463.04 ( ) 1 1 2 2004 1 1 2004 12 31 96,000,000.00 96,000,000.00 54,000,000.00 54,000,000.00 9,412,000.00 9,412,000.00 30,000,000.00 30,000,000.00 31,000,000.00 31,000,000.00 10,000,000.00 10,000,000.00 220,000,000.00 220,000,000.00 47
11,800,000.00 11,800,000.00 50,000,000.00 50,000,000.00 70 70 3 6,975.00 43.06% 6,975.00 43.06% 4,860.00 90.00% 4,860.00 90.00% 541.20 57.50% 541.20 57.50% 1,530.00 51.00% 1,530.00 51.00% 2,077.00 67.00% 2,077.00 67.00% 900.00 90.00% 900.00 90.00% 11,220.00 51.00% 11,220.00 51.00% 1,121.00 95.00% 1,121.00 95.00% 4,500.00 90.00% 4,500.00 90.00% 283.79 60% 63.85 347.64 60.00% 2 30% 3 1 a 2004 12 31 160,000,000.00 50,500,000.00 2004 12 31 13,000,000.00 47,000,000.00 2004 12 31 71,500,000.00 b 5 10% 48
c 2004 5,046,494.53 2004 38,428.04 d 167187M 2 4,800,000.00 3 415306.74 M 2 4,000,000.00 3 800,000.00 2 2004 12 31 2003 12 31 2,814,437.76 894,931.01 44,960.81 13,333,111.19 463,087.91 ( ) 401,528.91 1996 3,043,038.91 1997 1 7 1997 12 3 435,257.00 385,700.00 1998 6 9 1998 11 13 1999 4 26 2000 2001 10 23 2003 12 31 2004 12 31 401,528.91 ( ) 2004 12 31 49
( ) 2005 1 27 2003 2004 12 31 16200 10 2 32,400,000.00 2004 ( ) 2004 12 31 ( ) 64.03% 68.15% 2.37 2.37 21.11% 22.47% 0.78 0.78 18.60% 19.79% 0.69 0.69 17.49% 18.61% 0.65 0.65 2004 11,541,585.22-2,024,865.30 200,692.74 (-) -489,854.75 660,399.09-18,248.79-3,223,626.10 6,646,082.11 50
1 2 3 2005 1 27 51
2004 12 31 623,199,164.91 408,194,060.79 138,137,277.10 93,049,418.37 235,071,874.67 303,109,617.07 111,884,056.07 146,905,104.56 333,222,368.01 317,362,066.66 99,140,737.68 58,871,830.94 7,479,716.85 29,065,950.83 4,005,918.79 2,175,679.39 142,102,917.68 96,178,095.39 44,445,662.54 21,963,226.20 34,716.99 309,073,135.62 404,412,197.50 51,599,703.39 40,510,614.18 103,967.03 249,503.37 1,650,287,861.77 1,558,571,491.61 449,213,355.57 363,475,873.64 38,032,108.32 43,305,210.63 388,272,473.10 417,722,145.47 38,032,108.32 43,305,210.63 388,272,473.10 417,722,145.47 5,058,005.81 5,724,389.86 611,913,347.51 591,819,900.91 247,651,232.11 185,893,146.27 181,568,576.35 186,416,619.91 46,048,191.84 36,812,173.55 430,344,771.16 405,403,281.00 201,603,040.27 149,080,972.72 160,687.11 620,428.07 446,740.96 430,184,084.05 404,782,852.93 201,603,040.27 148,634,231.76 52,814,439.38 39,907,026.07 26,538,116.58 19,449,593.77 482,998,523.43 444,689,879.00 228,141,156.85 168,083,825.53 80,499,595.35 40,509,520.48 75,481,793.86 25,001,954.11 1,200,925.77 1,479,324.79 837,221.60 1,036,974.80 81,700,521.12 41,988,845.27 76,319,015.46 26,038,928.91 2,253,019,014.63 2,088,555,426.51 1,141,946,000.98 975,320,773.55 52
2004 12 31 371,454,109.60 281,966,020.00 129,764,449.60 115,000,000.00 391,566,708.63 325,731,000.17 105,675,889.72 114,015,904.59 513,105,440.45 533,270,465.04 166,457,098.45 125,768,474.97 33,303,231.35 36,049,604.04 11,424,583.87 3,414,250.30 5,328,882.77 14,615,690.97 15,617,270.29 3,292,399.31 3,477,431.81 1,139,776.40 3,521,160.48 12,874,876.77 3,528,706.72 4,826,928.04-209,569.23 593,940.47-160,432.82 152,031.09 30,980,528.90 45,932,044.07 3,393,021.96 3,025,279.83 13,336,485.43 9,068,515.64 2,692,523.86 2,713,215.64 42,000,000.00 11,000,000.00 35,000,000.00 1,414,813,562.98 1,277,432,619.26 461,068,240.67 372,393,516.27 59,800,000.00 68,301,421.45 49,800,000.00 56,301,421.45 28,860,000.00 9,617,052.00 28,360,000.00 6,960,000.00 88,660,000.00 77,918,473.45 78,160,000.00 63,261,421.45 1,503,473,562.98 1,355,351,092.71 539,228,240.67 435,654,937.72 150,198,497.11 198,153,362.83 162,000,000.00 162,000,000.00 162,000,000.00 162,000,000.00 162,000,000.00 162,000,000.00 162,000,000.00 162,000,000.00 237,283,716.34 235,856,790.45 237,283,716.34 235,856,790.45 85,190,296.50 55,206,658.23 51,693,678.30 35,159,928.51 23,356,033.84 15,963,286.01 15,339,815.45 9,828,565.52 114,872,941.71 81,987,522.29 151,740,365.67 106,649,116.87 32,400,000.00 48,600,000.00 32,400,000.00 48,600,000.00 599,346,954.55 535,050,970.97 602,717,760.31 539,665,835.83 2,253,019,014.63 2,088,555,426.51 1,141,946,000.98 975,320,773.55 53
2004 2,688,970,095.69 2,207,978,274.94 529,328,031.79 433,306,254.46 2,280,202,819.53 1,796,239,227.08 439,256,007.95 342,987,888.00 25,005,156.44 17,768,344.76 1,048,963.54 2,265,169.94 383,762,119.72 393,970,703.10 89,023,060.30 88,053,196.52 17,061,421.94 8,297,147.19 6,793,391.72 4,169,335.54 : 128,582,172.15 121,609,742.07 19,707,829.41 16,232,918.28 127,073,489.60 119,147,460.07 36,654,317.41 29,508,000.86 18,641,662.97 19,554,861.04 9,570,425.56 6,873,339.38 126,526,216.95 141,955,787.11 29,883,879.64 39,608,273.54 16,550,779.21 3,343,110.70 85,101,395.19 71,602,463.04 7,484,997.24 8,138,764.91 254,400.50 873,662.66 69,943.44 13,555.02 2,152,105.32 2,495,694.11-255,712.80 376,368.13 148,664,288.57 151,815,631.27 115,310,931.07 110,847,923.47 20,571,319.89 36,468,699.18 5,085,932.48 13,051,832.25 16,623,910.99 21,506,873.15 111,469,057.69 93,840,058.94 110,224,998.59 97,796,091.22 86,637,425.52 47,229,420.46 106,649,116.87 55,922,439.33 198,106,483.21 141,069,479.40 216,874,115.46 153,718,530.55 17,885,431.15 16,692,925.90 11,022,499.86 9,779,609.12 8,942,715.58 8,346,462.95 5,511,249.93 4,889,804.56 ( ) 171,278,336.48 116,030,090.55 200,340,365.67 139,049,116.87 7,805,394.77 1,642,568.26 48,600,000.00 32,400,000.00 48,600,000.00 32,400,000.00 114,872,941.71 81,987,522.29 151,740,365.67 106,649,116.87 : : : 54
2004 1. 11,541,585.22 11,541,585.22 2. 3. ( ) 4. ( -11,890,221.81-4,797,869.60 ) 5. 18,248.79 227,831.99 6. : : : 55
: 2004 : 2,403,302,646.40 507,094,113.90 7,827,084.82 66,787,848.02 2,477,917,579.24 507,094,113.90 1,721,824,017.46 349,002,407.69 98,672,735.92 11,363,193.26 145,863,418.07 25,702,813.86 217,273,318.44 53,414,079.17 2,183,633,489.89 439,482,493.98 294,284,089.35 67,611,619.92 72,000,000.00 72,000,000.00 72,000,000.00 72,000,000.00 2,201,948.69 42,483,653.17 215,399.00 123,000.00 74,417,347.69 114,606,653.17 211,251,355.33 129,513,956.51 1,708,461.23 11,627,514.00 224,587,330.56 129,513,956.51-150,169,982.87-14,907,303.34 1,064,502.25 354,640,000.00 178,000,000.00 23,118,563.31 21,400,000.00 378,823,065.56 199,400,000.00 236,269,778.72 148,200,000.00 71,584,796.83 58,784,867.57 7,493,504.94 307,854,575.55 206,984,867.57 70,968,490.01-7,584,867.57-77,492.37-31,590.28 215,005,104.12 45,087,858.73 : : : 56
: 2004 : 1 111,469,057.69 110,224,998.59 ( - ) 16,623,910.99 12,382,940.40 3,579,648.37 29,763,194.38 9,750,859.42 3,436,989.17 1,017,514.25 512,786.02 308,053.20 162,153.37 4,182,371.32-20,691.78 ( : ) 402,235.74 99,884.72 1,614,238.56 15,978,344.36 6,904,305.56-16,550,779.21-85,101,395.19 56,539,268.57-11,089,089.21 ( ) -63,996,663.41-17,782,687.46 ( ) 121,764,041.40 49,720,219.45 294,284,089.35 67,611,619.92 2 3 623,199,164.91 138,137,277.10 408,194,060.79 93,049,418.37 215,005,104.12 45,087,858.73 : : : 57
2004 34,897,980.25 13,043,339.49 3,558,594.84 3,558,594.84 44,382,724.90 31,963,129.02 12,935,036.66 1,202,281.97 1,202,281.97 43,695,883.71 2,934,851.23 108,302.83 2,356,312.87 2,356,312.87 686,841.19 2,075,187.48 1,051,512.80 200,658.13 539,790.64 740,448.77 2,386,251.51 569,655.26 200,658.13 179,545.62 380,203.75 189,451.51 1,505,532.22 1,051,512.80 360,245.02 360,245.02 2,196,800.00 620,428.07 459,740.96 459,740.96 160,687.11 141,009.36 141,009.36 141,009.36 479,418.71 318,731.60 318,731.60 160,687.11 37,593,595.80 14,094,852.29 660,399.09 4,098,385.48 4,758,784.57 46,929,663.52 58