600704 2004 00

2004... 1... 1... 1... 3... 5... 8... 9... 10... 17... 19... 20... 27 1

2004 1 2 3 1 ZHEJIANG ZHONGDA GROUP CO.,LTD. ZD 2 3 A 0571-85777029 0571-85778008 E-mail zhuxh@zhongda.con 4 A A 310003 http://www.zhongda.com zdinc@mail.hz.zj.cn 5 http://www.sse.com.cn 6 A A A 600704 7 14191012-2 330000142910122 1

2004 388 15-20 2 : : 91,831,410.42 40,113,099.58-1,221,010.10 238,541,637.57 10,521,368.55 32,379,955.14 54,581,306.57 5,538,166.17-668,017.46-110,036,745.13 117,452,232.13 ( ) : : 40,291,625.91 5,538,166.17 895,446.66 1,935,188.93 138,657.85-2,908,119.29 1,957,881.71 47,848,847.94 4,805,755.51 1,708,982.75 41,334,109.68 : : 2004 2003 2002 3,309,935,598.52 2,800,986,181.64 2,800,986,181.64 2,365,794,251.98 2,365,794,251.98 91,831,410.42 87,035,522.36 87,035,522.36-13,298,264.43 77,781,735.57 40,113,099.58 48,706,838.34 48,706,838.34-46,438,970.70 44,641,029.30-1,221,010.10 44,113,774.40 44,113,774.40-64,024,206.55 27,055,793.45 2004 2003 2002 3,487,626,988.16 3,286,666,832.06 3,377,746,832.06 2,941,682,205.34 3,032,762,205.34 1,070,244,059.09 1,057,312,201.93 1,148,392,201.93 1,038,147,929.15 1,129,227,929.15-110,036,745.13 140,467,337.78 140,467,337.78-49,261,294.48-49,261,294.48

2004 2004 2003 2002 0.139 0.169 0.169-0.16 0.155 3.75 4.61 4.24-4.47 3.95 % -0.11 4.17 3.84-6.17 2.40 % -0.38 0.49 0.49-0.17-0.17 0.139 0.169 0.169-0.16 0.154-0.004 0.153 0.153-0.22 0.094-0.004 0.153 0.153-0.22 0.093 % 3.75 4.61 4.24-4.47 3.95 % -0.11 4.17 3.84-6.17 2.40 2004 2003 2002 3.71 3.67 3.98 3.60 3.92 3.54 3.45 3.77 3.35 3.66 9 : : % 22.29 22.29 0.83 0.83 3.03 3.03 0.11 0.11 3.75 3.75 0.139 0.139-0.11-0.11-0.004-0.004 3

2004 : : 288,269,038 600,538,739.12 120,614,135.78 40,179,397.45 47,890,289.03 1,057,312,201.93 1,879,422.58 5,848,356.18 2,924,178.09 40,113,099.58 47,840,878.34 233,761.20 34,675,259.98 34,909,021.18 288,269,038 602,418,161.70 126,228,730.76 43,103,575,54 53,328,128.63 1,070,244,059.09 (1) (2) (3) 5,848,356.18 2003 28,826,903.80 1 : 1 114,684,446 114,684,446 100,734,446 100,734,446 13,950,000 13,950,000 2 45,202,500 45,202,500 3 4 159,886,946 159,886,946 1 128,382,092 128,382,092 2 4

2004 3 4 128,382,092 128,382,092 288,269,038 288,269,038 2 (1) (2) (3) 1 58,240 2 ( ) (%) : 100,734,446 34.94 50,000,000 18,362,700 6.37 15,075,000 5.23 6,456,600 2.24 3,600,000 1.25 2,700,000 0.94 1,800,000 0.62 1,800,000 0.62 1,350,000 0.47 900,000 0.31 1 2001 44 2 2002 12 20 5

2004 3 1 300,000,000 1996 12 6 2 2001 7 10 2001 44 3 4 100% 34.94% 4 6

2004 5 A B H 852,946 A 635,618 A 453,396 A 390,900 A 300,000 A 300,000 A 264,102 A 250,000 A 247,200 A 223,100 A 1 : 45 2002-05-21 2005-05-21 190,125 190,125 0 49 2003-05-20 2005-05-21 0 0 0 43 2002-05-21 2005-05-21 0 0 0 49 2002-05-21 2005-05-21 190,125 190,125 0 52 2002-05-21 2005-05-21 0 0 0 61 2002-05-21 2005-05-21 0 0 0 62 2002-05-21 2005-05-21 0 0 0 43 2002-05-21 2005-05-21 0 0 0 50 2003-05-12 2005-05-21 0 0 0 43 2002-05-21 2005-05-21 2,925 2,925 0 39 2002-05-21 2005-05-21 0 0 0 36 2002-05-21 2005-05-21 0 0 0 40 2002-05-21 2005-05-21 0 0 0 36 2002-05-21 2005-05-21 0 0 0 49 2003-01-14 2005-08-10 0 0 0 43 2002-08-10 2005-08-10 140,400 140,400 0 49 2002-08-10 2005-08-10 175,500 175,500 0 7

2004 58 2002-08-10 2005-08-10 137,475 137,475 0 43 2002-08-10 2005-08-10 23,400 23,400 0 42 2003-05-20 2005-08-10 29,250 29,250 0 42 2002-08-10 2005-08-10 29,250 29,250 0 48 2002-05-21 2005-05-21 0 0 0 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) 8

2004 (14) (15) (16) (17) (18) (19) (20) (21) 2 : : 345.79 148.78 124.50 9

2004 10( )/ 35-55 6 15-35 4 548 35 1 63 237 129 47 72 2 27 225 192 10

2004 3 1 6 6 0 0 6 6 0 0 6 6 0 0 2 11

2004 1) 2) 3) 4) 5) ( 1 2 1) 2004 3 23 2003 2004 4 21 http://www.sse.com.cn 2003 2004 4 28 23 155,091,946 53.80% 2003 1 2003 2 2003 3 2003 4 2003 12

2004 28826.9038, 0.10, 28,826,903.80,, 5 6 7 8 2004 2004 4 29 1) 1 2004 11 18 2004 12 8 2004 2004 12 21 http://www.sse.com.cn 2004 2004 12 28 14 154,096.346 53.80% 2004 [2004]95 183,577,824.21 1.85 93.85% 2004 12 29 13

2004 2004 33.09 9183 4011. 1 0.55 7.26 6.08 82% 280 1870 14

2004 2 2004 16 17 3 1 (1) 15

2004 330994 23854 4011 (2) : : (%) (%) (1) 264,326 79.77 14,630 60.81 (2) 60,802 18.35 6,203 25.78 (3) 6,229 1.88 3,225 13.41 : 551 0.17 331,357 / 24,058 / 363 / 204 / 330,994 23,854 551 (3) : : (%) (%) 156,716 47.35 15,156 63.54 27,559 8.33 1,212 5.08 7,318 2.21 291 1.22 47,657 14.40 1,631 6.84 91,744 27.71 5,564 23.32 : / / / / 330,994 100 23,854 100 2 (1) : : 30000 185532 309 8600 71472 1015 2000 2809-15 16

2004 1000 2235 156 9000 10753 216 3000 15508 192 500 1510-65 5500 15254-453 3116 10813 3733 2000 67252-933 3000 21349-1579 2000 18786 0 2000 22535 0 1500 21581 0 2000 16518 0 1000 10766 0 8300 35128 4207 25%, 2004 1051.81 26.22 % 4 : : 19826 6.53% 52565 15.88% 5 17

2004 10,926.2 1,428.8 11.56 1 2 (1) 2,000 20% (2) 2,400 60% (3) 2000 800 40% 200 10% (4) 4 1000 700 70% (5) 580 226.2 39% (6) 500 180 36% (7) 50 20 40% (8) 4,400 18

2004 : : 3,487,626,988.16 3,286,666,832.06 200,960,156.10 6.11 238,541,637.57 255,325,631.54-16,783,993.97-6.57 40,113,099.58 48,706,838.38-8,593,738.80-17.64 117,452,232.13 293,269,492.83-175,817,260.70-59.95 1,070,244,059.09 1,057,312,201.93 12,931,857.16 1.22 1 2 3 ( ) 9,108 4.4 2005 1 [2004] 149 2004 10 31-2,301,389,137.81 2004 4,056,383,112.59 2002 2003 2002 2002 9,108 2003 9,108 77,418,000.00 13,662,000.00 2005 4 9 1 19

2004 2 2005 3 2004 12 29 2004 44 2005 1 2007 12 31 33 148 4 5 6 2005 1 2 3 6 20

2004 4 5 6 7 1) 2004 3 20 1 2003 21

2004 2 2003 3 2003 4 2003, 2003 48,706,838.34 10% 4,870,683.83 5% 2,435,341.92 41,400,812.59 112,734,380.24 28,826,903.80 125,308,289.03 2003 28826.9038 0.10 28,826,903.80 5 2003 6 ; : 1, 70% 2 50% 3 ; 22

2004 4, 5, 6,, 7 http://www.sse.com.cn 8 85,000 [2003]56,, 9 2004 10 2003 2004 4 28 9 30 A 2003 2004 3 23 2) 2004 4 23 1 2004 2 1988 5 2004 3 31 1,098,226.75 3 1000 100% 2004 3 31 2,361,682.17 10% 90% 2003 12 31 230 23

2004 4 8000 6.25% 500 6.25% 2003 12 31 1.48 0.05 1.53 265 2004 4 27 3) 2004 6 28 1 18000 96.67% 17400 2003 12 31 6000 23200 1.18 1.18 6000 30000 800 24000 80.00% 4200 14.00% 1800 6.00% 2 8000 88.00% 7040 2003 12 31 400 7392 1.10 1.10 200 8600 7392 85.95% 1008 11.72% 200 2.33% 3 5000 90% 4500 2003 12 31 0.98 1.00 4000 9000 3600 8100 90.00% 700 7.78% 200 2.22% 2004 6 30 4) 2004 7 29 2004 24

2004 5) 2004 10 20 1 2004 2 3 4000 80% 3200 4000 13000 18 9000 12200 93.85% 4 5 1 2000 20% 2004 10 23 6) 2004 11 16 1 13000 93.85% 12200 2 2004 2004 12 22 9 30 A 2004 2004 11 18 2004 25

2004 1 2004 4 28 2003 1 2003 2003 28826.9038, 0.10, 28,826,903.80,, 2003 2004 6 23 2004 6 24 2004 6 29 2 85,500 3 2004 2 2004 12 28 2004 2004 12 31 1.85 93.85% 2004 12 31 Z040006 2004 12 31 2004 40,113,099.58 10% 2,924,178.09 10% 2,924,178.09 34,264,743.40 47,890,289.03 28,826,903.80 53,328,128.63 10 3 [2003]56 2004 [2003]56 26

2004 1 [2003]56 2 50% 3 2004 12 31 47,863 1 2 3 2003 4 70% 2005 4 9 1 2004 3 20 1 2003 2 2003 3 2003 4 2003 5 6 7 85,000 8 2004 9 2003 1 27

2004 2 2003 3 4 5 2004 3 23 2 2004 4 23 2004 3 2004 7 29 2004 4 2004 10 20 1 2004 2 2004 10 23 28

2004 2004 2004 1 1 2,400 60% 2004 4 16 2004 4 30 2 1 2004 4 10% 90% 2003 12 31 29

2004 230 6.17 2004 12 31 2 2004 4 6.25% 2003 12 31 1.48 0.05 1.53 265 3 2004 12 28 2004 2004 12 31 1.85 1.85 2004 12 31 9,950.00 53.7% 2004 12 31 6598 4 100% 1,401,330.99 303,104.24 910,000.00 188,226.75 2004 12 31 5 2004 12 8 02 03 2,380 27,142,496.44 1 2 3 4 1 47863 30

2004 : : 2004-4-28 5,463 2004-4-28 2006-4-27 2003-9-18 11,000 2003-9-18 2005-11-18 2004-2-11 2,000 2004-2-11 2006-2-10 2004-12-29 3,000 2004-12-29 2005-12-28 2002-5-20 15,000 2005-5-20 2005-12-8 2004-7-8 11,400 2004-7-8 2005-9-22 2004-5-27 6,000 2004-5-27 2004-12-24 2004-11-30 2,600 2004-11-30 2005-5-29 30,463 47,863 30,463 47,863 47,863 44.72% 50 70 50 0 31,000 5 6 1 2005 3 16 1 2005 3 16 2006 3 16 1500 31

2004 2 2004 5% 5% 78 9 1 2004 1 2 23.71% 2,701,186.32 http://www.sse.com.cn 2 2004 3 23 2003 2003 http://www.sse.com.cn 3 2004 4 27 2004 http://www.sse.com.cn 4 2004 4 29 2003 http://www.sse.com.cn 5 2004 6 19 2003 http://www.sse.com.cn 6 2004 6 30 http://www.sse.com.cn 32

2004 7 2004 7 27 http://www.sse.com.cn 8 2004 8 3 2004 http://www.sse.com.cn 9 2004 9 21 http://www.sse.com.cn 10 2004 10 23 2004 http://www.sse.com.cn 11 2004 11 18 2004 http://www.sse.com.cn 12 2004 12 8 2004 http://www.sse.com.cn 13 2004 12 29 2004 http://www.sse.com.cn 33

2004 [2005] 800 2004 12 31 2004 2004 2004 12 31 2004 9,108 2003 : : : 2005 4 9 34

2004 2004 12 31 : : : 599,351,255.01 716,803,487.14 141,842,726.81 97,908,413.72 11,499,983.43 7,066,536.60 9,850,379.13 55,000,000.00 3,000,000.00 200,000.00 1,137,498.49 460,580.82 285,361,276.51 265,028,978.04 30,356,785.91 28,007,137.33 44,388,045.95 155,612,773.93 136,781,103.62 231,886,968.16 93,820,862.88 196,526,387.79 382,963.97 294,774.86 265,191,602.28 38,137,825.57 35,667,838.05 1,354,903.28 1,248,438,998.95 1,446,986,024.24 9,474,046.21 493,261.60 7,394,450.92 2,356,797.22 4,357,783.50 149,653.17 2,559,583,974.42 2,829,179,391.35 368,713,627.20 415,095,112.12 241,488,665.19 213,544,353.30 702,193,380.64 681,310,140.70 69,311,457.75 76,035,536.32 345,000,000.00 310,800,122.94 289,579,889.62 702,193,380.64 1,026,310,140.70 15,684,406.57 25,550,303.21 12,060,937.50 10,504,687.50 27,745,344.07 24,854,990.71 473,599,819.29 385,688,631.71 290,741,874.16 294,079,002.22 79,114,244.38 64,487,699.06 30,321,181.92 36,584,796.50 394,485,574.91 321,200,932.65 260,420,692.24 257,494,205.72 2,535,064.53 1,881,165.45 391,950,510.38 321,200,932.65 258,539,526.79 257,494,205.72 2,423,688.00 12,217,237.36 394,374,198.38 333,418,170.01 258,539,526.79 257,494,205.72 35

2004 7,497,516.47 6,801,406.71 165,673.33 82,836.66 14,411,019.85 28,648,130.47 959,425.78 777,503.21 21,908,536.32 35,449,537.18 1,125,099.11 860,339.87 3,286,666,832.06 3,487,626,988.16 1,330,571,633.74 1,699,759,798.41 794,151,685.14 922,670,893.55 191,400,000.00 510,000,000.00 3,500,000.00 10,000,000.00 235,878,566.52 332,439,495.31 3,477,296.95 2,093,876.06 650,069,261.15 425,335,178.17 11,632,463.32 3,449,572.20 9,989,299.28 7,123,371.77 542,755.40 688,051.12 8,213,952.79 7,958,551.52 2,484,751.21 1,890,847.81-16,498,170.54-8,265,477.12 6,750,433.57 3,779,758.93-228,815.95-127,893.64 9,345.51 7,573.52 83,744,038.79 49,231,116.79 10,330,599.88 62,727,008.47 37,205,647.12 36,443,582.73 4,034,061.56 2,530,391.85 60,000,000.00 260,000,000.00 40,000,000.00 1,866,025,464.30 2,042,808,819.08 270,661,707.40 587,167,079.96 260,400,013.00 188,630,000.00 50,000,000.00 802,803.84 750,448.89 802,803.84 750,448.89 2,800,000.00 2,900,000.00 264,002,816.84 192,280,448.89 802,803.84 50,750,448.89 674,608.60 674,608.60 2,130,028,281.14 2,235,763,876.57 271,464,511.24 638,592,137.45 99,326,348.99 181,619,052.50 288,269,038.00 288,269,038.00 288,269,038.00 288,269,038.00 288,269,038.00 288,269,038.00 288,269,038.00 288,269,038.00 36

2004 600,538,739.12 602,418,161.70 611,851,187.83 613,730,610.41 120,614,135.78 126,228,730.76 120,614,135.78 126,228,730.76 40,179,397.45 43,103,575.54 40,179,397.45 43,103,575.54 47,890,289.03 53,328,128.63 38,372,760.89 32,939,281.79 28,826,903.80 28,826,903.80 1,057,312,201.93 1,070,244,059.09 1,059,107,122.50 1,061,167,660.96 3,286,666,832.06 3,487,626,988.16 1,330,571,633.74 1,699,759,798.41 : : : 2004 : : : 3,309,935,598.52 2,800,986,181.64 154,355,562.27 357,529,277.34 3,038,366,857.43 2,525,084,937.78 152,016,349.97 298,635,442.77 33,027,103.52 20,575,612.32 5,520.91-238,541,637.57 255,325,631.54 2,339,212.30 58,888,313.66-10,521,368.55 19,552,705.80 11,189,835.70 11,898,520.96 : 86,942,282.98 86,834,785.77 6,950,887.32 9,191,180.46 121,162,667.58 93,957,193.07 59,545,566.80 14,300,356.86 8,578,100.42 31,490,738.56 20,897,814.34 17,908,503.20-32,379,955.14 62,595,619.94-73,865,220.46 29,386,794.10-54,581,306.57 2,794,214.86 105,858,014.67 20,970,200.59 5,538,166.17 12,202,512.66 1,872,748.20 3,289,126.66 1,329,491.14 10,742,817.07 650,097.71 10,061,110.74 1,997,508.60 1,299,642.13-1,403,594.69-1,202,149.70 91,831,410.42 87,035,522.40 35,919,234.81 64,909,381.79-37

2004 36,859,283.83 33,831,294.11 6,677,453.93 14,575,653.83 14,859,027.01 4,497,389.91 ( ) - 40,113,099.58 48,706,838.38 29,241,780.88 50,333,727.96 47,890,289.03 35,316,380.21 38,372,760.89 24,171,962.48 88,003,388.61 84,023,218.59 67,614,541.77 74,505,690.45 2,924,178.09 4,870,683.84 2,924,178.09 4,870,683.83 2,924,178.09 2,435,341.92 2,924,178.09 2,435,341.92 ( ) 82,155,032.43 76,717,192.83 61,766,185.59 67,199,664.69 28,826,903.80 28,826,903.80 28,826,903.80 28,826,903.80 ( - ) 53,328,128.63 47,890,289.03 32,939,281.79 38,372,760.89 1. 2. 3. ( ) 4. ( ) 5. 6. 68,051,891.52 67,984,775.57 : : : 38

2004 2004 : : : 3,061,782,363.75 152,560,908.24 653,190,738.15 51,400,505.05 36,677,115.19 23,655,564.44 3,751,650,217.09 227,616,977.73 3,552,208,982.52 162,586,180.79 66,205,710.77 11,341,522.92 74,271,260.73 13,642,559.33 169,001,008.20 65,613,111.32 3,861,686,962.22 253,183,374.36-110,036,745.13-25,566,396.63 174,179,103.41 143,274,001.63 93,104,465.58 93,104,465.58 6,651,255.71 49,731,355.57 2,464,737.89 1,194,712.00 43,159,106.25 18,887,988.51 226,454,203.26 213,088,057.71 61,112,547.47 3,719,670.04 153,888,779.29 504,040,000.00 30,056,397.31 245,057,724.07 507,759,670.04-18,603,520.81-294,671,612.33 41,733,029.70 41,733,029.70 1,066,183,788.23 720,000,000.00 1,107,916,817.93 720,000,000.00 809,434,592.82 391,400,000.00 52,389,727.04 52,296,304.13 5,213,957.76 39

2004 861,824,319.86 443,696,304.13 246,092,498.07 276,303,695.87 117,452,232.13-43,934,313.09 1 40,113,099.58 29,241,780.88 ( - ) 14,859,027.01 7,300,101.53 6,888,900.94 14,279,717.80 6,853,399.67 239,362.62 82,836.67 10,764,374.91 158,513.57 5,037,653.70 4,208,130.33-3,397,837.63-1,982,116.87-446,337.82-427,113.27 ( : ) 87,401.44 6,140,400.52 19,584,348.15-54,364,358.93-104,321,834.83 674,608.60 674,608.60-83,086,533.99 8,980,784.61 ( ) 120,489,876.76 15,826,007.71 ( ) -188,727,301.23-11,334,642.79-110,036,745.13-25,566,396.63 2 3 716,803,487.14 97,908,413.72 599,351,255.01 141,842,726.81 117,452,232.13-43,934,313.09 : : : 40

2004 2004 : : : 31,442,192.90 9,694,288.99 41,136,481.89 26,510,187.80 2,937,476.43 29,447,664.23 4,932,005.10 6,756,812.56 11,688,817.66 154,739.98 240,896.58 154,739.98 240,896.58 154,739.98 236,427.94 154,739.98 236,427.94 4,468.64 4,468.64 1,426,555.23 702,180.56 1,369,665.72 759,070.07 823,327.52 597,954.15 823,327.52 597,954.15 603,227.71 104,226.41 546,338.20 161,115.92 99,534,561.41 303,104.24 99,231,457.17 99,534,561.41 303,104.24 99,231,457.17 2,535,064.53 2,535,064.53 0 1,881,165.45 1,881,165.45 0 653,899.03 135,093,114.05 10,637,366.13 4,362,574.47 141,367,905.71 : : : 41

2004 1 2 3 4 2004 2005 4 9 42

2004 ( ) [1992]37 1992 9 14 14291012-2 288,269,038.00 288,269,038 ( 1 ) A 128,382,092 1996 6 6 ( ) ( ) ( ) 1 1 12 31 ( ) ( ) ( ) 1 ( ) ( ) 5 68

( 3 ) ( ) 1 2 ( ) 1 10% 2 (1) ; (2),, ( ) 1 2 (1) (2) (3) 6 68

(4) (5) (6) 3 4 ( ) 1 20% 20% 20% 20% 20% 20% 2 10 10 [2003]10 10 -- 3 4 7 68

( ) 1 2 3 ( ) 1 (1) (2) (3) 2 3 3% % 30-50 3.23-1.94 10 9.70 8 12.125 5 19.40 5 19.40 5 20.00 3-5 20-33.33 4 ( ) 1 2 8 68

3 (1) 3 (2) (3) ( ) 1. 2 (1) 1) 2) 3) (2) 3 (3) 3 ( ) 9 68

1 2 (1) (2) (3) 10 3 ( ) 1 2 ( ) ( ) ( ) ( ) 3%-5% ( ) 1 2 (1) 10 68

(2) 3 ( ) (1) (2) 4 5 6 ( ) ( ) 9,108 4.4 2005 1 11 68

[2004] 149 2004 10 31-2,301,389,137.81 2004 4,056,383,112.59 3,947,566,215.13 2002 2003 2002 2002 9,108 2003 9,108 77,418,000.00 13,662,000.00 2005 4 9 ( ) 17% 13 ( ) 5% 3 ( ) 70 1.2 12 ( ) ( ) 7% ( ) 4% ( ) / / 0.1 12 68

( ) 33% 15% [2005]93 2004 ( ) 3,800,000.00 3,800,000.00 100% 90,000,000.00 81,000,000.00 90% [ 1] 86,000,000.00 73,917,000.00 85.95% 300,000,000.00 240,000,000.00 80% [ 2] 10,000,000.00 9,000,000.00 90% 10,000,000.00 7,500,000.00 75% [ 3] 5,000,000.00 3,250,000.00 65% 1 2 3 1 10,000,000.00 7,000,000.00 70% 31,160,000.00 28,667.200.00 92% 10,000,000.00 7,000,000.00 70% 30,000,000.00 27,000.000.00 90% 20,000,000.00 18,000,000.00 90% 1,000,000.00 600,000.00 60% 20,000,000.00 12,000,000.00 60% 15,000,000.00 6,750,000.00 45% 13 68

20,000,000.00 17,000,000.00 85% 20,000,000.00 16,000.000.00 80% 2 1,100,000.00 682,000.00 62% 500,000.00 260,000.00 52% 3 5,000,000.00 2,000,000.00 40% 5,000,000.00 1,800,000.00 36% 5,000,000.00 1,500,000.00 30% 8,000,000.00 2,400,000.00 30% 8,000,000.00 2,400,000.00 30% 20,000,000.00 6,000,000.00 30% [ 4] 5,000,000.00 1,500,000.00 30% 5,000,000.00 1,500,000.00 30% 5,000,000.00 1,500,000.00 30% 5,000,000.00 1,500,000.00 30% 1,000,000.00 300,000.00 30% 10,000,000.00 3,000,000.00 30% 5,000,000.00 1,500,000.00 30% 5,000,000.00 1,500,000.00 30% 4 4 10,900,000.00,10,355,000.00 95% ( ) 50 55,000,000.00 33,000,000.00 60% 14 68

35,000,000.00 20,000,000.00 29,998,500.00 85.71% 10,000,000.00 50% 20,000,000.00 20,000,000.00 100% ( ) 1. 900 90 2 50% (1) 45% 2 3 50 3 1 1) 2,000 800 40% 200 10% 200 10% 800 40% 2004 12 13 3301041152503 50% 15 68

2) 4 1,000 700 70% 200 20% 4 100 10% 2004 10 10 4201001103902 2 2,400 60% 2004 4 16 2004 5 1 2004 4 31 126,381,740.34 293,000.00 6,962.00 106,887,367.98 3 1) 100% 230 2004 4 6 2,300,000.00, 2004 4 1 2004 3 31 2003 12 31 2,334,630.64 2,658,351.00 644,077.80 704,068.96 9,076,088.66 9,113,549.15 2,361,682.17 2,759,208.20 2004 1-3 2003 298,940.00 2,149,577.60 16 68

267,167.30 1,401,394.29-397,526.03-8,566,550.24-397,526.03-8,566,550.24 2) 2004 12 1.85 2004 12 31 9,950.00 53.78% 2004 12 31 2003 12 31 34,977,063.56 10,532,460.90 78,542,522.28 79,551,230.72 2,962,919.46 3,035,629.14 64,551,531.28 116,482,505.30 28,567,789.48 2004 1-12 2003-2,535,284.18 2,558,486.45-2,535,284.18 2,558,486.45 2004 4 28 2003 10 1.00 28,826,903.80 2005 4 9 2004 2004 10% 2,924,178.09 10% 2,924,178.09 2004 288,269,038 10 3 86,480,712 ( ) 17 68

1 716,803,487.14 (1) 334,931.35 245,339.49 715,780,561.46 484,515,405.67 687,994.33 114,590,509.85 716,803,487.14 599,351,255.01 (2) (3) USD 2,523,429.48 8.2765 20,885,164.09 5,630,840.85 8.2767 46,604,780.46 JPY 12,758,403.00 0.079701 1,016,857.48 15,744,692.00 0.077263 1,216,482.14 EUR 7,054.00 11.2627 79,447.09 33,383.56 10.3383 345,129.26 AUD 17.31 6.4428 111.52 143,892.36 6.2013 892,319.69 HKD 207,851.06 1.0657 221,506.87 21,981,580.18 49,280,218.42 2 7,066,536.60 (1) 655,567.94 236,427.94 419,140.00 1,804,344.28 154,739.98 1,649,604.30 451,497.74 4,468.64 447,029.10 9,850,379.13 9,850,379.13 4,200,367.50 4,200,367.50 2,000,000.00 2,000,000.00 7,307,433.18 240,896.58 7,066,536.60 11,654,723.41 154,739.98 11,499,983.43 (2) 1) 18 68

655,567.94 419,140.00 451,497.74 447,029.10 1,107,065.68 866,169.10 2) (R014)42,000 (3) 1 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2) 10% ( 10%) 2004.12.1 2,000,000.00 2,000,000.00 (4) 1) 154,739.98 236,427.94 154,739.98 236,427.94 4,468.64 4,468.64 154,739.98 240,896.58 154,739.98 240,896.58 2) 2005 1 1 2004 12 31 (5) 3 0.00 (1) 3,000,000.00 3,000,000.00 19 68

(2) 5% 5% 4. 200,000.00 200,000.00 200,000.00 5 460,580.82 (1) 010214 119,794.52 010301 460,580.82 1,017,703.97 460,580.82 1,137,498.49 (2) (3) 5% 5% 6 265,028,978.04 (1) (%) (%) 1 252,985,373.74 85.91 25,298,537.37 227,686,836.37 246,518,024.08 79.04 19,974,843.77 226,543,180.31 1-2 1,819,310.65 0.62 181,931.07 1,637,379.58 24,606,924.33 7.89 2,460,692.44 22,146,231.89 2-3 22,664,970.13 7.70 2,266,497.01 20,398,473.12 4,623,645.29 1.49 462,364.53 4,161,280.76 3 17,006,987.75 5.77 1,700,698.78 15,306,288.97 36,122,870.61 11.58 3,612,287.06 32,510,583.55 294,476,642.27 100 29,447,664.23 265,028,978.04 311,871,464.31 100 26,510,187.80 285,361,276.51 (2) 5 58,051,204.06 19.71% (3) 5% 5% 20 68

1,046.51 2,080.30 1,046.51 2,080.30 (4) USD 27,113,360.18 8.2765 224,403,725.53 24,209,955.06 8.2767 200,378,535.05 JPY 30,226,342.95 0.079701 2,409,069.76 4,166,520.00 0.077263 321,917.83 EUR 71,468.94 11.2627 804,933.23 44,461.62 10.3383 459,657.57 HKD 825,942.00 1.0657 880,206.39 227,617,728.52 202,040,316.84 7 155,612,773.93 (1) (%) (%) 1 150,954,223.08 90.23 10,054,080.81 140,900,142.27 33,526,549.60 67.98 3,352,654.96 30,173,894.64 1-2 10,668,096.94 6.38 1,066,809.69 9,601,287.25 7,085,039.76 14.36 708,503.97 6,376,535.79 2-3 2,631,681.96 1.57 263,168.20 2,368,513.76 281,737.95 0.58 28,173.80 253,564.15 3 3,047,589.61 1.82 304,758.96 2,742,830.65 8,426,723.74 17.08 842,672.37 7,584,051.37 167,301,591.59 100 11,688,817.66 155,612,773.93 49,320,051.05 100 4,932,005.10 44,388,045.95 (2) 85,500,000.00 6,000,000.00 2,586,097.00 2,000,000.00 1,500,000.00 97,586,097.00 (3) 5 97,586,097.00 58.33% 21 68

(4) 5% 5% 1,148,317.95 1,148,317.95 (5) 1 2,112,838.91 20,873,705.52 2 50,413,414.98 8 196,526,387.79 (1) (%) (%) 1 145,798,454.26 74.19 92,322,612.58 98.40 1-2 50,493.696.83 25.69 1,342,500.30 1.43 2-3 224,236.70 0.11 22,750.00 0.02 3 10,000.00 0.01 133,000.00 0.15 196,526,387.79 100 93,820,862.88 100 (2) 5% 5% (3) 1 1 9 38,137,825.57 (1) 38,137,825.57 265,191,602.28 22 68

38,137,825.57 265,191,602.28 (2) 10 1,446,986,024.24 (1) 1,433,933.10 108,015.76 1,325,917.34 8,260,031.33 307,816.66 7,952,214.67 5,909,339.28 5,909,339.28 4,175,748.53 224,627.52 3,951,121.01 296,287.29 53,100.16 243,187.13 305,514.41 70,783.53 234,730.88 63,304.77 63,304.77 6,718,595.94 34,948.59 6,683,647.35 2,300,484.58 102,357.45 2,198,127.13 19,621,140.22 563,005.56 19,058,134.66 43,414,261.57 657,665.30 42,756,596.27 1,260,932,743.74 1,260,932,743.74 1,092,516,874.55 1,092,516,874.55 73,957,560.78 73,957,560.78 21,358,863.26 21,358,863.26 77,710,747.63 77,710,747.63 77,470,471.18 77,470,471.18 1,164,746.33 1,164,746.33 1,447,745,094.31 759,070.07 1,446,986,024.24 1,249,865,554.18 1,426,555.23 1,248,438,998.95 (2) (3) ( )2 3 (4) 73,662,483.51 57,899,502.28 131,561,985.79 40,000 106,172,323.56 70,127,696.91 176,300,020.47 126,735 514,486,049.90 47,755,270.94 562,241,320.84 1,154,000.00 84,556,099.26 85,710,099.26 29,300 19,985,801.16 193,599,611.02 213,585,412.18 110,000 88,824,546.91 16,094,436.40 104,918,983.31 65,000 2004 23 68

287,143,086.51 106,857,174.49 394,000,261.00 85,115 2003 154,855,981.73 154,855,981.73 80,000 1,088,583.00 1,088,583.00 1,092,516,874.55 731,745,773.03 563,329,903.84 1,260,932,743.74 (5) 4,408,617.36 5,888,590.28 8,768,149.81 1,529,057.83 236,756.00 236,756.00 15,573,603.70 12,286,781.50 3,286,822.20 97,794.81 97,794.81 562,241,320.84 494,378,487.48 67,862,833.36 1,042,091.39 1,042,091.39 21,358,863.26 568,129,911.12 515,531,213.60 73,957,560.78 (6) 77,470,471.20 1,912,217.29 1,645,040.86 77,710,747.63 77,470,471.20 1,912,217.29 1,645,040.86 77,710,747.63 (7) 1,204,910.00 40,163.67 1,164,746.33 1,204,910.00 40,163.67 1,164,746.33 (8) 1) 24 68 307,816.66 51,126.25 250,927.15 108,015.76 224,627.52 224,627.52 70,783.53 53,100.16 70,783.53 53,100.16 63,304.77 63,304.77 102,357.45 34,948.59 102,357.45 34,948.59

657,665.30 563,005.56 657,665.30 563,005.56 1,426,555.23 702,180.56 1,369,665.72 759,070.07 2) 11 2,356,797.22 500,610.68 111,835.32 164,553.17 194,265.23 426,569.64 402,935.49 6,284,755.37 859,666.67 405,397.06 400,659.51 2,356,797.22 7,394,450.92 12 213,544,353.30 (1) 25,621,696.46 25,621,696.46 34,096,448.39 303,104.24 33,793,344.15 79,236,818.14 79,236,818.14 97,959,482.35 97,959,482.35 207,917,295.87 99,231,457.17 108,685,838.70 208,967,295.86 99,231,457.17 109,735,838.69 312,775,810.47 99,231,457.17 213,544,353.30 341,023,226.60 99,534,561.41 241,488,665.19 (2) 1) a (%) 25 68

90 3,135,157.13-3,194,428.41 130,664.53 71,393.25 30 3,000,000.00 2,031,090.26 5,031,090.26 28.25 3,000,000.00-177,291.05 3,769.45 2,826,478.40 25 27,447,403.79 10,749,764.22 25,000.00 10,504,687.50 48,726,855.51 39 2,262,000.00 249,985.71 2,511,985.71 40 200,000.00-59,591.74 140,408.26 20 20,000,000.00 20,000,000.00 59,044,560.92 9,599,528.99 159,433.98 10,504,687.50 79,308,211.39 b 71,393.25 71,393.25 14,677,186.98-9,000,000.00 864,703.28 1,510,800.00 5,031,090.26 2,964,196.53-137,718.13 2,826,478.40 41,840,014.54 10,518,090.97 2,075,000.00-1,556,250.00 48,726,855.51 2,262,000.00 249,985.71 2,511,985.71 200,000.00-59,591.74 140,408.26 20,000,000.00 20,000,000.00 4,933,407.52-5,000,000.00 66,592.48 1,347,348.60-1,350,000.00 2,651.40 8,052,171.57-10,000,000.00 1,947,828.43 406,890.82-600,000.00 193,109.18 1,403,738.48-1,000,000.00-403,738.48 75,696,348.29-4,488,000.00 13,241,913.10 3,585,800.00-1,556,250.00 79,308,211.39 2) 3) 4) / a 628,514.63 628,514.63 31,425.73 597,088.90 10 26 68

6,911,960.76 4,147,176.44 691,196.08 3,455,980.36 10 12,399,961.79 11,537,230.13 1,239,996.18 10,297,233.95 10 12,000,000.00 12,000,000.00 800,000.00 11,200,000.00 10 15,562,500.00 12,060,937.50 1,556,250.00 10,504,687.50 10 47,502,937.18 27,745,344.07 12,628,514.63 4,318,867.99 36,054,990.71 10 b / 628,514.63 88% 7,040 2004 6 30 1 1.1 200 88% 85.95% 2004 6 30 628,514.63 2,400 60% 20,000,000.00 12,000,000.00 c. 25,550,303.21 (3) 1) (%) 100.00 1,401,330.99 1,401,330.99 20.00 2,550,000.00 2,550,000.00 34.23 1,372,694.92 1,372,694.92 0.22 8,000,000.00 8,000,000.00 1.42 60,000,000.00 60,000,000.00 27 68

1.20 3,559,600.00 3,559,600,00 ( ) 0.63 3,510,700.00 3,510,700.00 19.00 3,280,878.00 3,280,878.00 20.00 10,000,000.00 10,000,000.00 5.00 347,000.00 347,000.00 4.40 91,080,000.00 91,080,000.00 9.50 3,800,000.00 3,800,000.00 1.00 2,713,269.38 2,713,269.38 0.25 14,000,000.00 14,000,000.00 6.25 5,000,000.00 5,000,000.00 6.50 3,675,848.48 3,675,848.48 1,400,000.00 1,400,000.00 215,691,321.77 7,774,025.91 207,917,295.87 2) 3 20% 20% % 20.00 (4) a 303,104.24 303,104.24 1,142,808.26 1,142,808.26 6,661,648.91 6,661,648.91 347,000.00 347,000.00 91,080,000.00 91,080,000.00 99,534,561.41 303,104.24 99,231,457.17 b 28 68

13 76,035,536.32 (1) 20,035,536.32 20,035,536.32 69,311,457.75 69,311,457.75 56,000,000.00 56,000,000.00 76,035,536.32 76,035,536.32 69,311,457.75 69,311,457.75 (2) (%) 010301 20,000,000.00 2.66 2010.2 20,048,450.00 532,000,00 992,580.82 20,035,536.32 20,000,000.00 20,048,450.00 532,000,00 992,580.82 20,035,536.32 (3) 1 (%) 56,000,000.00 56,000,000.00 56,000,000.00 56,000,000.00 2 2003 12 8 5,600 4 14 385,688,631.71 (1) 393,109,092.49 1,040,000,00 83,500,773.34 310,648,319.15 29 68

20,670,474.57 1,269,173.00 9,601,063.54 12,338,584.03 24,436,114.06 9,886,662.35 1,312,215.35 33,010,561.06 18,343,538.15 3,012,494.87 3,078,116.93 18,277,916.09 16,257,898.49 1,627,575.67 13,673,840.22 4,211,633.94 6,011,542.44 6,011,542.44 782,701.53 905,075.00 497,701.53 1,190,075.00 473,599,819.29 23,752,523.33 111,663,710.91 385,688,631.71 (2) 1 2,193,873.59 2 104,661,892.75 25,110,662.03 (3) 140,547,023.68 12,550,831.84 127,996,191.84 185,450.00 101,186.28 84,263.72 140,732,473.68 12,652,018.12 128,080,455.56 (4) 469,064.68 454,992.74 14,071.94 2,613,406.48 2,535,004.29 78,402.19 1,411,379.33 1,369,037.95 42,341.38 356,094.98 345,412.13 10,682.85 4,849,945.47 4,704,447.11 145,498.36 (5) ( ) (6) 2004 12 31 685,726.00 2 30 68

15 64,487,699.06 36,241,697.33 6,770,772.85 8,891,744.73 34,120,725.45 10,977,494.98 1,121,875.51 5,103,855.50 6,995,514.99 7,425,254.65 3,368,201.37 747,673.92 10,045,782.10 10,966,476.16 2,268,231.93 1,969,918.76 11,264,789.33 13,481,579.55 541,588.18 12,301,475.02 1,721,692.71 213,000.62 213,000.62 21,741.71 126,193.86 21,741.71 126,193.86 79,114,244.38 14,409,864.32 29,036,409.64 64,487,699.06 16 321,200,932.65 276,527,593.70 356,867,395.16 5,343,069.04 9,692,979.59 22,964,778.96 17,010,859.41 7,013,126.76 7,377,061.99 2,489,941.23 2,776,318.94 5,798,541.82 1,063,881.14 760,959.82 321,200,932.65 394,485,574.91 17 0.00 (1) 1,881,165.45 1,881,165.45 653,899.08 653,899.08 31 68

2,535,064.53 1,881,165.45 653,899.08 (2) 1 2 18 12,217,237.36 (1) 2,333,402.00 2,333,402.00 2,333,402.00 2,333,402.00 9,883,835.36 9,883,835.36 90,286.00 90,286.00 12,217,237.36 12,217,237.36 2,423,688.00 2,423,688.00 (2) 2,333,402.00 2,333,402.00 90,286.00 9,793,549.36 9,883,835.36 1,986 49.77% 2,423,688.00 9,793,549.36 12,217,237.36 (3) (4) 19 6,801,406.71 (1) 6,664,920.05 6,664,920.05 7,331,843.14 7,331,843.14 136,486.66 136,486.66 165,673.33 165,673.33 6,801,406.71 6,801,406.71 7,497,516.47 7,497,516.47 32 68

2 12,678,800.56 7,331,843.14 2,523,382.00 3,035,629.14 154,675.95 6,664,920.05 2,978,251.37 489-526 604,010.00 165,673.33 55,500.00 84,686.67 136,486.66 467,523.34 12-58 13,282,810.56 7,497,516.47 2,578,882.00 3,035,629.14 239,362.62 6,801,406.71 3,445,774.71 (3) (4) 20 28,648,130.47 (1) 44,988,027.75 10,195,564.44 23,950,661.77 9,614,925.60 24,531,300.61 20,456,727.14 8,472,136.97 4,215,455.41 1,050,923.76 1,149,549.31 4,116,829.86 4,355,307.11 12-47 53,460,164.72 14,411,019.85 25,001,585.53 10,764,474.91 28,648,130.47 24,812,034.25 (2) 21 922,670,893.55 (1) 2,390,253.20 9,234,303.14 504,314,740.35 265,000,000.00 363,000,000.00 281,896,845.00 52,965,900.00 173,450,537.00 33 68

64,570,000.00 922,670,893.55 794,151,685.14 (2) USD 3,407,428.69 8.2765 28,201,583.55 4,569,657.61 8.2767 37,821,685.14 28,201,583.55 37,821,685.14 3 2,390,253.20 22 10,000,000.00 (1) 10,000,000.00 3,500,000.00 10,000,000.00 3,500,000.00 (2) 5% 5% 23 332,439,495.31 (1) 5% 5% (2) USD 238,319.22 8.2765 1,972,449.02 1,972,449.02 (3) 3 24 425,335,178.17 (1) 5% 5% (2) 34 68

USD 5,265,825.41 8.2765 43,582,604.01 7,303,471.62 8.2767 60,448,643.56 JPY 85,000.00 0.079701 6,774.59 34,918,535.96 0.077263 2,697,910.84 EUR 15,744.17 11.2627 177,321.86 GBP 4,350.00 15.931 69,299.85 AUD 29,409.00 6.2013 182,374.03 43,836,000.31 63,328,928.43 (3) % 884,533.55 1,909,046.56 2003 100 348,813.95 1,597,613.94 2003 100 14,223,908.26 495,791,770.19 2004 100 345,232,850.99 78,059,531.09 2005 100 10,388,132.00 2006 2.00 371,078,238.75 577,357,961.78 4 1 1 25 7,123,371.77 (1) (2) [2004]151 26-8,265,477.12 (1) -5,976,677.50-10,132,542.83 35 68

-12,593,940.44-23,743,452.33-881,455.63-1,616,258.45 13,268,999.97 15,969,018.51 777,596.03 1,595,350.86 751,081.65 2,049,713.70-3,611,081.20-620,000.00-8,265,477.12-16,498,170.54 (2) (3) 1) 2) 27-127,893.64 (1) -500,185.55-930,965.16 4% 496,747.32 698,710.85 0.1% -41,539.71-41,539.71-41,539.71 0.1% 0.1% 0.1% 163.72 3,438.36-127,893.64-228,815.95 2 28 49,231,116.79 (1) 5% 5% 36 68

1,250.00 1,250.00 (2) 3 (3) 11,792,750.00 6,800,000.00 1,809,440.90 1,292,968.10 1,113,000.00 22,808,159.00 29 36,443,582.73 10,909,959.78 6,006,101.84 22,488,561.19 29,950,979.27 2,666,590.81 987,714.58 34,815.82 343,655.13 260,851.43 36,443,582.73 37,205,647.12 30 260,000,000.00 260,000,000.00 60,000,000.00 260,000,000.00 60,000,000.00 31 188,630,000.00 37 68

124,630,000.00 260,400,013.00 64,000,000,00 188,630,000.00 260,400,013.00 32 750,448.89 (1) 750,448.89 750,448.89 750,448.89 750,448.89 (2) 5% ( 5%) 33 2,900,000,00 (1) 2,900,000.00 2,800,000.00 2,900,000.00 2,800,000.00 (2) 2002 12 19 2003 2,800,000.00 2003 12 22 100,000.00 34. 674,608.60 (1) 38 68

749,565.11 749,565.11 74,956.51 674,608.60 749,565.11 749,565.11 74,956.51 674,608.60 (2) [2004]006 2003 12 31 33% 10 35 288,269,038.00 ( ) ( ) (+ -) ( ) 1 100,734,446.00 100,734,446.00 13,950,000.00 13,950,000.00 2 45,202,500.00 45,202,500.00 3 4 5 ( ) 159,886,946.00 159,886,946.00 ( ) 1 128,382,092.00 128,382,092.00 2 3 4 128,382,092.00 128,382,092.00 ( ) 288,269,038.00 288,269,038.00 36 602,418,161.70 (1) 39 68

595,392,423.73 595,392,423.73 3,335,805.03 1,551,911.66 4,887,716.69 1,810,510.36 327,510.92 2,138,021.28 600,538,739.12 1,879,422.58 602,418,161.70 (2) 1) 2) 3 11,312,448.71 37 126,228,730.76 (1) 49,483,963.70 2,924,178.09 52,408,141.79 40,179,397.45 2,924,178.09 43,103,575.54 18,188,216.78 18,188,216.78 12,762,557.85 233,761.20 12,528,796.65 120,614,135.78 5,848,356.18 233,761.20 126,228,730.76 (2) 1 2005 4 9 2004 2004 10% 2,924,178.09 10% 2,924,178.09 2 233,761.20 38 53,328,128.63 (1) 40 68

47,890,289.03 40,113,099.58 34,675,259.98 53,328,128.63 (2) 77,418,000.00 2003 91,080,000.00 77,418,000.00 13,662,000.00 (3) 1) 2) 2004 4 28 2003 10 1.00 28,826,903.80 2005 4 9 2004 2004 10% 2,924,178.09 10% 2,924,178.09 34,675,259.98 ( ) 1 / 3,309,935,598.52/3,038,366,857.43 (1) 2,643,263,804.25 2,423,565,129.20 608,015,488.00 333,950,214.74 62,293,996.18 49,292,175.67 3,313,573,288.43 2,806,807,519.61 3,637,689.91 5,821,337.97 3,309,935,598.52 2,800,986,181.64 2,496,877,480.95 2,252,400,327.97 515,478,817.76 257,826,045.92 41 68

27,614,496.98 20,750,360.36 3,039,970,795.69 2,530,976,734.25 1,603,938.26 5,891,796.47 3,038,366,857.43 2,525,084,937.78 2 (3) 5 525,646,167.56 15.88% 2 33,027,103.52 29,366,612.22 17,629,163.71 5% 1,444,910.98 2,165,999.94 7% 2,215,580.32 780,448.67 4% 33,027,103.52 20,575,612.32 3 10,521,368.55 (1) 5,994.00 2,278.21 3,715.79 97,355.99 5,644.23 91,711.76 15,491,954.82 4,974,302.06 10,517,652.76 24,524,839.91 5,188,330.92 19,336,508.99 131,800.00 7,314.95 124,485.05 15,497,948.82 4,976,580.27 10,521,368.55 24,753,995.90 5,201,290.10 19,552,705.80 (2) 10% 10% 4 8,578,100.42 20,984,638.72 39,037,575.01 42 68

14,844,238.20 9,313,211.11 784,853.35 536,655.39 1,093,535.77 1,184,072.28 2,746,382.32 2,413,791.55 8,578,100.42 31,490,738.56 5 54,581,306.57 1 3,402,971.23 6,941.76-26,528,985.62 927,731.58 2,039,524.97 3,012,804.78 11,662,011.57 8,278,473.97 66,983,091.43-1,603,349.74-4,318,868.00-3,080,573.16 1,135,787.19-4,747,814.33 138,657.85 67,115.95 54,581,306.57 2,794,214.86 2 10 10 2 1 6 5,538,166.17 (1) 43 68

2,636,985.31 11,856,956.00 1,482,031.86 345,556.66 1,138,025.00 200,000.00 40,000.00 41,124.00 5,538,166.17 12,202,512.66 (2) [2001]83 2,636,985.31 [2002]584 1,482,031.86 [2004]136 2004 1,138,025.00 [2004]239 2004 200,000.00 [2004]414 [2004]1 2004 40,000.00 [2004]225 2003 41,124.00 7 1,329,491.14 4,410.00 416,052.96 10,250.00 42,163.68 627,434.41 10,197,838.20 630,000.00 44 68

57,396.73 86,762.23 1,329,491.14 10,742,817.07 8 1,997,508.60 515,631.12 315,203.04 268,498.03 1,671,537.03 314,000.00 210,000.00 330,654.32 2,726,137.26 2,290,293.10 600,503.81 593.35 7,340.73-1,881,165.45-2,260,102.82-2,333,402.00 159,004.13 362,425.08 1,997,508.60 1,299,642.13 ( ) 1 5,538,166.17 12,922,700.61 18,460,866.78 2 107,389,955.08 107,389,955.08 3 45 68

14,844,238.20 24,848,283.52 39,692,521.72 4 30,000,000.00 30,000,000.00 ( ) 1 28,007,137.33 (1) (%) (%) 1 196,363.52 0.63 19,636.35 176,727.17 1-2 21,418,572.54 63.50 2,141,857.27 19,276,715.27 2-3 21,218,572.33 68.19 2,121,857.23 19,096,715.10 3 9,704,105.63 31.18 970,410.57 8,733,695.06 12,311,189.60 36.50 1,231,118.96 11,080,070.64 31,119,041.48 100 3,111,904.15 28,007,137.33 33,729,762.14 100 3,372,976.23 30,356,785.91 (2) 5 27,198,063.25 87.40% (3) 5% 5% (4) USD 170,921.78 8.2765 1,414,634.11 287,040.64 8.2767 2,375,749.27 1,414,634.11 2,375,749.27 46 68

2 231,886,968.16 (1) (%) (%) 1 255,326,610.28 99.10 25,532,661.03 229,793,949.25 145,036,006.05 95.43 14,503,600.61 130,532,405.44 1-2 22,386.11 0.01 2,238.61 20,147.50 411,137.30 0.27 41,113.73 370,023.57 2-3 384,168.70 0.15 38,416.87 345,751.83 3 1,919,021.76 0.74 191,902.18 1,727,119.58 6,531,860.67 4.30 653,186.06 5,878,674.61 257,652,186.85 100 25,765,218.69 231,886,968.16 151,979,004.02 100 15,197,900.40 136,781,103.62 (2) 89,525,265.02 85,500,000.00 40,200,000.00 16,734,111.45 15,298,524.91 247,257,901.38 (3) 5 247,257,901.38 95.97% (4) 5% 5% 1,148,317.95 1,148,317.95 3 681,310,140.70 (1) 527,847,446.50 527,847,446.50 552,153,707.25 1,536,179.84 550,617,527.41 47 68

48,726,855.51 48,726,855.51 41,840,014.54 41,840,014.54 203,967,295.86 99,231,457.17 104,735,838.69 208,967,295.86 99,231,457.17 109,735,838.69 780,541,597.87 99,231,457.17 681,310,140.70 802,961,017.65 100,767,637.01 702,193,380.64 (2) 1) a (%) 100 4,028,000.00-4,028,000.00 90 81,000,000.00 857,750.83 121,512.82 81,979,263.65 85.95 70,400,000.00 15,850,639.23 3,564,973.71 597,088.90 90,412,701.84 80 201,037,939.24 84,500,822.73 136,536.91 3,455,980.36 289,131,279.24 90 3,135,157.13-3,194,428.41 130,664.53 71,393.25 75 7,500,000,00 1,169,406.07 8,669,406.07 65 3,497,000.00 457,534.55 425,695.79 4,380,230.34 21.82 11,855,547.23-1,519,542.69 77,161.10 10,297,233.95 20,710,399.59 40 14,000,000.00 1,329,657.41 15,329,657.41 60 11,925,000.00 902,806.29 1,842,508.81 14,670,315.10 25 27,447,403.79 10,749,764.22 25,000.00 10,504,687.50 48,726,855.51 435,826,047.39 107,076,410.23 6,324,053.67 24,854,990.71 574,081,502.00 b 44,037,370.46 36,000,000.00 1,941,893.19 81,979,263.65 48 68

100,624,544.61 9,347,321.41 19,312,544.61-215,193.84-31,425.73 90,412,701.84 303,349,554.84 9,440,000.00-596,113.73 22,370,965.79-691,196.08 289,131,279.24 71,393.25 71,393.25 11,480,278.20 4,910,000.00 127,309.86 1,971,818.01 8,669,406.07 4,802,634.06-422,403.72 4,380,230.34 22,938,104.26-987,708.49-1,239,996.18 20,710,399.59 14,491,824.18 837,833.23 15,329,657.41 14,761,656.15-91,341.05 14,670,315.10 41,840,014.54 10,518,090.97 2,075,000.00-1,556,250.00 48,726,855.51 28,567,789.48-40,000,000,00 12,319,967.87-887,757.35 2,759,208.20-19,477,260.93 16,718,052.73 375,218.56-200,000.00-1,436.94-173,781.62 590,099,590.79-19,147,260.93 49,711,465.33 43,758,510.40 868,866.82 3,692,649.61 574,081,502.00 2 3) a. 628,514.63 628,514.63 31,425.73 597,088.90 10 6,911,960.80 4,147,176.44 691,196.08 3,455,980.36 10 173,781.62 173,781.62 173,781.62 12,399,961.80 11,537,230.13 1,239,996.18 10,297,233.95 10 15,562,500.00 12,060,937.50 1,556,250.00 10,504,687.50 10 49 68

35,676,718.85 27,919,125.69 628,514.63 3,518,867.99 173,781.62 24,854,990.71 b. ( )12(2)4) (3) 1) (%) 100.00 1,401,330.99 1,401,330.99 8.00 2,492,800.00 2,492,800.00 0.22 8,000,000.00 8,000,000.00 1.42 60,000,000.00 60,000,000.00 1.20 3,559,600.00 3,559,600,00 ( ) 0.63 3,510,700.00 3,510,700.00 19.00 3,280,878.00 3,280,878.00 20.00 10,000,000.00 10,000,000.00 5.00 347,000.00 347,000.00 4.40 91,080,000.00 91,080,000.00 9.50 3,800,000.00 3,800,000.00 1.00 2,713,269.38 2,713,269.38 0.25 14,000,000.00 14,000,000.00 6.25 5,000,000.00 5,000,000.00 6.50 3,675,848.48 3,675,848.48 212,861,426.85 6,401,330.99 206,460,095.86 2 20% 20% % 20.00 (4) 1) 1,233,075.60 1,233,075.60 50 68

1,142,808.26 1,142,808.26 6,661,648.91 6,661,648.91 347,000.00 347,000.00 303,104.24 303,104.24 91,080,000.00 91,080,000.00 100,767,637.01 1,536,179.84 99,231,457.17 2) 4 345,000,000.00 (1) 345,000,000.00 345,000,000.00 345,000,000.00 345,000,000.00 (2) 1) 2) (%) 7.20 2006.8.30 75,000,000.00 1,830,000.00 1,830,000.00 75,000,000.00 7.20 2006.9.1 70,000,000.00 1,680,000.00 1,680,000.00 70,000,000.00 6.588 2006.5.8 100,000,000.00 4,380,772.95 4,380,772.95 100,000,000.00 6.60 2006.10.21 100,000,000.00 1,301,666.67 1,301,666.67 100,000,000.00 345,000,000.00 9,192,439.62 9,192,439.62 345,000,000.00 ( ) 1. 154,355,562.27 (1) 51 68

154,355,562.27 357,529,277.34 154,355,562.27 357,529,277.34 (2) 5 104,259,751.67 67.55% 2. 152,016,349.97 152,016,349.97 298,635,442.77 152,016,349.97 298,635,442.77 3. 105,858,014.67 (1) 17,205,747.20-195,910.55 1,371,524.97 2,412,804.78 21,716,977.88 28,219,498.81 67,849,557.01-475,587.63-3,518,867.99-2,853,422.34 1,233,075.60-6,137,182.48 105,858,014.67 20,970,200.59 2 10 10 5 ( ) 1 (1) 52 68

(2) 53 68

(3) 3,800,000 3,800,000 50,000,000 40,000,000 90,000,000 80,000,000 6,000,000 86,000,000 180,000,000 120,000,000 300,000,000 10,000,000 10,000,000 5,000,000 5,000,000 10,000,000 5,000,000 5,000,000 10,000,000 10,000,000 31,160,000 31,160,000 10,000,000 10,000,000 54 68

30,000,000 30,000,000 20,000,000 20,000,000 1,000,000 1,000,000 8,000,000 12,000,000 20,000,000 15,000,000 15,000,000 20,000,000 20,000,000 20,000,000 20,000,000 1,100,000 1,100,000 500,000 500,000 20,000,000 20,000,000 5,000,000 5,000,000 5,000,000 5,000,000 10,000,000 5,000,000 5,000,000 8,000,000 8,000,000 5,000,000 3,000,000 8,000,000 20,000,000 20,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 1,000,000 1,000,000 10,000,000 10,000,000 5,000,000 5,000,000 5,000,000 5,000,000 55,000,000 55,000,000 55 68

35,000,000 35,000,000 20,000,000 20,000,000 10,900,000 10,900,000 (4) % % % % 3,800,000 100 3,800,000 100.00 50,000,000 100 38,000,000 88,000,000 97.31 80,000,000 100 4,000,000 84,000,000 97.67 180,000,000 100 102,000,000 282,000,000 94.00 9,000,000 90 9,000,000 90.00 5,000,000 100 2,500,000 7,500,000 75.00 3,250,000 65 3,250,000 65.00 6,750,000 67.50 400,000 5 6.350,000 59.22 31,160,000 100 31,160,000 94.48 6,580,000 65.80 6,580,000 65.80 27,000,000 90 27,000,000 84.60 18,000,000 90 18,000,000 84.60 800,000 80 200,000 600,000 56.40 11,280,000 56.40 11,280,000 56.40 15,000,000 45 15,000,000 42.30 17,000,000 85 17,000,000 79.90 16,000,000 80 16,000,000 75.20 682,000 62 682,000 62.00 260,000 52 260,000 52.00 56 68

20,000,000 100 20,000,000 99.07 2,000,000 40 2,000,000 39.07 1,800,000 35.16 1,800,000 35.16 7,000,000 70 7,000,000 68.37 3,200,000 40 800,000 2,400,000 29.30 2,000,000 40 900,000 500,000 2,400,000 29.30 6,000,000 30 6,000,000 29.30 1,500,000 30 1,500,000 29.30 1,500,000 30 1,500,000 29.30 1,500,000 30 1,500,000 29.30 1,500,000 30 1,500,000 29.30 300,000 30 300,000 29.30 3,000,000 30 3,000,000 29.30 1,500,000 30 1,500,000 29.30 1,500,000 30 1,500,000 29.30 33,000,000 60 33,000,000 58.97 30,000,000 85.71 30,000,000 85.71 10,000,000 47.38 10,000,000 47.38 3,106,500 28.50 3,106,500 28.50 40,000,000 100 90,450,000 130,450,000 100 1,000,000 100 1,000,000 75 287,439 100 287,439 100 2 57 68

( ) 1 (1) 1,046.51 2,080.30 ( ) (%) 52,748.90 69,135.50 0.02 0.02 53,795.41 71,215.80 0.02 0.02 (2) 1,992,100.00 2.12 30,302.88 0.02 200,000.00 0.10 14,000,000.00 7.12 14,230,302.88 1,992,100.00 7.24 2.12 (3) 1,148,317.95 0.69 8,108.34 1,156,426.29 0.69 (4) 21,399.76 21,399.76 0.01 21,399.76 21,399.76 0.01 (5) 199,981.00 0.06 58 68

199,981.00 0.06 (6) 756.500.00 1.54 1,250.00 757,750.00 1.54 2 (1) 1) 331,790.42 11,340.00 466,025.54 2) 170,923.93 6,202,369.93 2,015,664.67 1,388,944.60 3) 2,821,897.00 2003 630,000.00 4) 63,979.00 5) 77,260.00 6) 600,000.00 (2) 1) 1,531,090.60 468,909.40 2) 298,717.51 113,352.46 59 68

3) 300,302.56 154,705.32 (3) 1) ( : ) ( : ) 5,000 5,000 2004.4.27-2005.4.26 5,000 5,000 2004.12.15-2005.6.16 5,000 5,000 2004.10.11-2006.10.11 15,000 15,000 2) ( ( : ) : ) 5,463 5,463 2004.4.28-2006.4.27 10,000 10,000 2002.12.9-2005.12.8 5,000 5,000 2002.8.29-2005.8.29 14,500 3,000 2004.12.29-2005.12.28 13,000 13,000 2003.9.17-2006.2.10 3,000 400 2004.11.30-2005.5.30 4,000 4,000 2004.12.10-2005.6.9 5,000 5,000 2004.7.28-2005.7.9 2,000 2,000 2004.9.23-2005.9.23 47,863 3) 8,000 2004 1 2 2005 9 23 3,000 2004 3 19 2005 2 25 60 68

4) 1,300 2004 10 29 2005 2 28 5) 100 2004 11 29 2005 2 28 (4) 2003 8 8 264.42 2004 10 10 345.79 2003 10-25 25-45 2 6 2004 15-35 35-55 4 6 ( ) 75,739.55 2004 8 10 2004 12 31 ( ) ( )2(3) ( ) 1 1 253,165,370.76 35,000 2004 8 1 2006 8 1 2004 12 31 30,000 2 [2002] 76 26,485.90 116,772,937.00 17,500 2004 12 29 2005 12 31 2004 12 31 61 68

17,500 3 2004 11574 65,052,360.16 8,300 2004 8 26 2007 8 26 2004 12 31 6,400 4 12,269.15 16,615,109.18 2004 6 17-2005 6 17 2,000 2004 12 31 19,394,290.00 ( ) 16,035.292 2004 12 31 7,000 9,035.292 ( ) 225,485.30 25,700 2004 6 30 15,420 10,280 ( ) 2003 12 8 2003 12 9 8,600 2004 12 31 5,600 3,000 ( ) 2004 6 10 62 68

37,022.5 5,120 2004 12 31 4,600 2005 4 9 2004 2004 288,269,038 10 3 86,480,712 ( ) 1 18 9,355.27 3,012 9,042 2004 8 31 [2004] 4433 9,045 9,000 45 2004 11 10 [2004]520 4,000 13,000 3,200.00 80% 12,200.00 93.85% 800.00 20% 800.00 6.15% 4,000.00 13,000.00 6.15 2004 12 28 2004 [2004]95 183,577,824.21 1.85 63 68

[2004]97 98 2004 12 31 93.85% 6.15% 1.85 2004 12 31 9,950.00 53.78% 2005 4 8 8,550 6.15 6.15% 119,017,789.48 65,982,210.52 2 6.25% 500 2004 5 22 765 2004 12 31 265 3 2004 4 23 100% 2,361,682.17 230 61,682.17 2004 12 31 4 20% 243,218.56 240,000.00 2004 12 31 3,218.56 80% 80 20% 16% 2% 24 2004 12 31 3,395.25 5 100% 1,401,330.99 303,104.24 910,000.00 188,226.75 2004 12 31 64 68

6 45% 1,347,348.60 135 4 2,651.40 2004 12 31 7 75% 5% 1 1 50 ( ) 1 90% 4,500 3,600 200 200 9,000 8,100 90% 700 7.78% 200 2.22% 2004 6 29 [2004]066 2004 8 13 2 96.67%% 17,400 6,000 800 3,400 1,800 30,000 24,000 80% 4,200 14% 1,800 6% 2004 7 1 [2004] 74 2004 9 3 88% 7,040 400 200 8,600 7,392 85.95% 1,008 11.72% 200 65 68

2.33% 2004 7 1 [2004] 71 2004 8 8 4 [2003]704 1,000 750 75 250 25 [2004]14 2003 12 31 13,763,187.61 [2004]006 750 6,263,187.61 250 [2004]146 2004 4 2 1 2,000 20% 2 580 226.2 39% 353.8 61% 2004 8 19 3506232000509 3 50 20 40% 30 60% 2004 5 20 3301042306764 1 90% 71,393.25 2 100% 1,394,014.62 66 68

1,460,796.77 66,782.15 2004 12 31 3 100% 3,946,726.02 3,946,993.06 267.04 2004 4 5 1 51% 2003 775 20% 80% [2003] 1109 2 02 [14]25,000 03 [01]24,269 2004 12 8 2,380 27,142,496.44 3 40% 1,200 800 10% 100 30% 900 403,723.77 4 2004 12 20 1,400 19% 1. 140 52,668.56 1,440 2004 12 31 2004 9 13 2009 9 13 67 68

2 125,469 53,099,862 2004 12 31 -A 123,899,677 2004 12 31 3 2004 12 31 4,560 ( ) 1 ---- 2004 + - 2004 40,291,625.91 5,538,166.17 895,446.66 1,935,188.93 138,657.85-2,908,119.29 1,957,881.71 47,848,847.94-4,805,755.51-1,708,982.75 41,334,109.68 68 68

Zhejiang Pan-China Certified Public Accountants 388 310012 0571 8821 6888 0571 8821 6999 2004 [2005] 114 ( )2004 ( [2003]56 ) 2004 2004 : 2005 4 9 1 2

2004 A B C D E1 F1 G1 E2 F2 G2 E3 F3 G3 E4 F4 G4 E5 F5 G5 G H I 600704 2,087.37 2,087.37 600704 1,673.42 1.56 8,242.92 6,571.06 600704 1,586.48 44,372.65 45,959.13 600704 8,952.52 124.02 81,040.54 72,212.04 600704 1,529.85 1,929.85 1.28 401.28 600704 0.58 40.37 39.79 600704 134.63 668.37 962.75 1,496.49 600704 329.70 464.44 448.90 583.64 600704 40.37 79.01 11.36 50.00 600704 0.10 323.09 323.19 600704 4,020.00 6,021.00 2,001.00 600704 428.40 1,114.91 1,543.31 600704 797.93 1,417.25 2,215.18 600704 0.17 351.73 351.90 600704 1.60 441.55 439.95 600704 7.22 688.02 695.24 600704 2.17 3.30 172.03 173.16 600704 0.74 53.01 52.27 600704 114.83 114.83 600704 0.82 10.99 753.79 763.96 600704 0.10 0.21 3.87 3.98 600704 5.27 6.91 46.60 48.24 600704 1,400.00 1,400.00 600704 199.21 42.06 241.27 600704 3.03 728.71 725.68 600704 20.00 255.83 235.83 18,888.60 5.37 1,423.03 8,189.21 7.12 199.21 146,571.98 50.47 2,426.60 135,872.59 52.22 1,202.78 2