2004 GuangDong ShaoNeng Group Co., Ltd

2004 2 3 4.8 12 14 15 40 42 47 92 1

2004 Guangdong Shaoneng Group Co.,Ltd 148 (0751)8153162 (0751)8535226 sngf shaoneng.com.cn 148 148 512026 http://www.shaoneng.com.cn www.sn0601.com sngf shaoneng.com.cn http://www.cninfo.com.cn 148 000601 2004 7 6 4402001200008 44020119153918X 57 13 2

2004 71,111,806.71 80,548,744.69 81,224,549.28 274,768,133.34 3,842,441.65 74,607,987.35-346,705.23 2,811,496.91-5,960,972.32 260,349,958.59 85,900,042.83 1,667,962.93 1,094,472.06 261,496.20-3,730,068.02 30,332.24-675,804.59 2004 2003 2002 1,099,919,987.36 890,021,326.12 769,664,137.57 779,557,537.98 80,548,744.69 138,088,818.81 119,284,984.69 119,284,984.69 5,083,619,249.68 4,021,902,002.58 3,523,383,609.98 3,523,383,609.98 2,351,915,998.40 1,984,860,334.39 1,885,709,568.38 1,846,671,515.58 / 0.18 0.35 0.31 0.31 / 5.32 5.08 4.83 4.73 / 5.29 5.04 4.78 4.68 3

2004 2004 2003 2002 / 0.59 0.75 0.46 0.46 % 3.42 6.96 6.33 6.46 % / 2004 2003 2004 2003 2004 2003 2004 2003 11.68 16.59 12.85 17.01 0.62 0.84 0.67 0.84 3.17 9.52 3.49 9.76 0.17 0.48 0.18 0.48 3.42 6.96 3.77 7.14 0.18 0.35 0.20 0.35 3.45 6.46 3.80 6.62 0.18 0.33 0.20 0.33 390,380,528.00 1,033,086,098.75 250,876,707.53 0 310,517,000.11 1,984,860,334.39 51,492,672.00 274,052,300.12 23,634,572.95 4,027,437.23 80,548,744.69 429,728,289.76 0 0 3,497,386.78 3,497,386.78 59,175,238.97 62,672,625.75 441,873,200.00 1,307,138,398.87 271,013,893.70 530,050.45 331,890,505.83 2,351,915,998.40 * * 272,880,963.91 1,071,336.21 100,000.00 1 (+,-) 4

2004 185,021,616 85,021,616 70,938,416 70,938,416 14,083,200 14,083,200 2 133,716,672 133,716,672 3 4 218,738,288 218,738,288 1 171,642,240 51,492,672 51,492,672 223,134,912 2 2.1 2.2 171,642,240 51,492,672 51,492,672 223,134,912 390,380,528 51,492,672 51,492,672 441,873,200 2 2003 2004 6 11 2004 6 14 2004 6 14 2004 6 25 6.57 / 51,492,672 324,361,408.46 ( 324,373,635.91 ) 2004 7 8 5

2004 % ( ) ( ) ( ) 1 70,938,416 0 70,938,416 18.17 16.05 14,083,200 0 14,083,200 3.61 3.19 2 133,716,672 0 133,716,672 34.25 30.26 218,738,288 0 218,738,288 56.03 49.50 171,642,240 51,492,672 223,134,912 43.97 50.50 171,642,240 51,492,672 223,134,912 43.97 50.50 390,380,528 51,492,672 441,873,200 100 100 1 2004 12 31, 69,411 2 ( ) ( ) ( ) 0 70,938,416 16.05 0 0 20,500,000 4.64 3,000,000 0 20,000,000 4.53 0 8,000,000 1.81 0 4,434,042 1.00 0-4,324,840 0.98 0 0 3,654,000 0.83 0 0 3,024,000 0.68 0 0 1,728,000 0.39 0 0 1,728,000 0.39 0 32.85% 6

2004 3 1992 16.05% 4 A 8,000,000 A 4,434,042 A - 4,324,840 A 897,000 A 863,822 A - 100 749,863 A 740,000 A 680,000 A 546,600 A 516,400 A 7

2004 1 54 2002.6.22-2005.6.22 46 2002.6.22-2005.6.22 15,552 4,666 20,218 50 2002.6.22-2005.6.22 42 2002.6.22-2005.6.22 42 2002.6.22-2005.6.22 58 2002.6.22-2005.6.22 39 2002.6.22-2005.6.22 61 2002.6.22-2005.6.22 48 2002.6.22-2005.6.22 57 2002.6.22-2005.6.22 52 2002.6.22-2005.6.22 58 2002.6.22-2005.6.22 44 2002.6.22-2005.6.22 1,555 466 2,021 43 2002.6.22-2005.6.22 42 2002.6.22-2005.6.22 37 2002.6.22-2005.6.22 41 2002.6.22-2005.6.22 28 2002.6.22-2005.6.22 2 1998 11 2004 7 8

2004 3 1 2 9

2004 3 3 10

2004 872,000 270,600 289 600 2.4 / 5 2004 7 13 90000 100000 3 80000 90000 1 70000 80000 3 60000 70000 1 50000 60000 1 20000 30000 3 10000 20000 6 4 4794 3253 243 754 120 424 11

2004 709 874 [2001]102 1 26 26 0 0-26 26 0 0-26 26 0 0-2 12

2004 1 2 3 4 : 5 40-55% 13

2004 45-60% 4 2 2005 2003 2004, : 1 2004 4 17 2003 2004 5 17 9:00 148 2003 20 130,941,944 33.54% 1 2003 2 2003 3 2003 4 2003 5 2003 6 7 8 2003 2004 5 18 14

2004 2 2004 10 30 2004 2004 11 30 9:00 148 2004 15 128,830,340 29.16% 2004 2004 12 1 1 1 3.2 2.5 2004 12 31 54.561 32.061 22.5 39.521 15.04 49.5 A 60% 2004 50 10 15

2004 86,290.32 341,316,264.20 4,746.21 22,638,561.06 5.82% 7.10% 2004 2003 44,895.71 194,828,603.37 12,199.01 41,671,247.37 21.37% 17.62% 41,394.61 146,487,660.83 16,945.22 64,309,808.43 B 2004 10 2004 2000 87,458.25 255,031,308.70 14.65% 12.02% 64,899,569.63 16

2004 ( ) 9-12 5,567.30 16,074,534.68 2 A ( ) 50 ( ) 10 80 2004 48.45 50.40 137,950,132.28 22,236,339.08 B 3 17

2004 2004 ;2004 2004 2004 5 2004 26,692,256.87 2004 150,218,041.85 12.50% 2004 2005 2 2005 1 2005 :2005 2004 2000 450 2005 : 2005 20 19 1 18

2004 2005 : 2005 ; 2003 2004 2003 2004 16.36 2005 ; 2.5 2005 2004 2005 2005 : 2005 2 1 2004 293.98 / 329.11 / 2005 2004 2.5 2 2005 1 2005 40 2 A : 2005 : 2005 2004 2004 19

2004 2005 100 2005 2005 B 2005 : 2004 2005 14% 2005 2005 2005 2004 2005 2005 2004 2005 20

2004 1 2004 1 % % 612,422,107.58 55.68 179,630,413.88 65.38 150,218,041.85 13.66 39,153,880.64 14.25 137,950,132.28 12.54 43,252,809.07 15.74 612,422,107.58 55.68 179,630,413.88 65.38 84,156,879.63 7.65 19,812,490.90 7.21 137,950,132.28 12.54 43,252,809.07 15.74 2 % % 779,071,496.31 70.83 160,866,410.61 58.55 320,848,491.05 29.17 113,901,722.73 41.45 3 10% % 612,422,107.58 429,502,488.93 29.87 137,950,132.28 94,533,472.58 31.47 4 21

2004 9.18 14.21 2004 7 7 12 86,590,110.88 30,366,388.15 10 6.53 21,461,671.07 42.22% 71.78% 7,848,093.91 155.77% 12.7 18.29 16,422.84 15,015.37 34,835,806.35 12.02% 91,475,152.68 14,723,136.19 48,602,671.95 2 68.08% 150,000,000 340,034,164.42 22

2004 10,527,599.04 86.92% 130,000,000 347,587,882.90 17,033,676.07 82% 110KV 8 18 20,000,000 168,014,545.29 1,324,801.69 50% 31,600,000 292,761,685.69-64,899,569.63 65% 33,900,000 115,169,177.63 23

2004 932,998.52 75% 98,000,000 233,946,318.44 13,862,064.92 98,000,000, 86,761,250 73,500,000 84.72% 88.23%, 17,000,000 60,719,315.02 8,389,512.64 ( 81.21% ) 64,031,500 242,875,031.87 1,690,428.18 24

2004 3 : 277,607,778.67 52.22% 572,753,087.11 52.07% 4 2004 1 2003 2004 2 3 4 5 1 2 3 4 25

2004 657,412,135.13 314,891,087.54 91.93% 1 % 98,000,000 73,500,000 75 80,000,000 64,000,000 80 33,900,000 22,035,000 65 80,000,000 52,000,000 65 100 1 2 98,000,000, 86,761,250 73,500,000 84.72% 2 1 2005 3 2 324,373,635.91 300,000,000 24,373,635.91 208,710,052.64 458,970,093.02 26

2004 10% 3,248,381.36 856,502.69 3 1 0.5 31,137,945.35 45,289,731.79 2005 19% 2 1.41 30,221,800.32 31,081,191.25 3 12 23% 105,971,043.31 4 12 74,472,667.10 5 20 27

2004 23,317,031.30 6 100 135,291,044.30 2005 7 2 48,290,550.81 2005 2 2004 12 31 2003 12 31 5,083,619,249.68 4,021,902,002.58 2,351,915,998.40 1,984,860,334.39 2004 1-12 2003 1-12 274,768,133.34 329,282,559.23 80,548,744.69 138,088,818.81 85,900,042.83 1,856,822.79 1 26.40% 2 18.49% 3 54,514,425.89 16.56% 16,422.84 15,015.37 91,475,152.68 28

2004 14,723,136.19 48,602,671.95 3,081,191.03 4 57,540,074.12 41.67% 89,350,488.70 44,675,244.35 32,529,406.19 30,206,013.19 21,650,059.26 16,734,734.38 932,998.52 606,449.04 5 84,043,220.04 4526.18% 578,236,731.05 462,361,326.59 2004 10% 2004 2004 10 293.98 /, 2005 2 1 29

2004 329.11 / 2005 2004 2003 2004 2005 2005 1 26 1 2004 5 A B C 2004 1 7 2 2004 6 A 2003 B 2003 C 2003 D 2003 30

2004 E 2003 F G H I 2004 J K L 2003 2004 2 10 3 2004 23 A 4 2004 16 A 2003 2003 2004 4 17 5 2004 4 28 A 2004 2004 2004 4 30 31

2004 6 2004 5 26 A 7 2004 6 8 A 8 2004 6 14 A 9 2004 6 24 A 2004 1-4 B C 2004 6 26 10 2004 7 A 32

2004 2004 7 3 11 2004 7 13 A B C D 2004 7 14 12 2004 7 15 A 2004 7 17 13 2004 7 22 A B 14 2004 7 27 33

2004 A 15 2004 8 5 A B 2004 8 7 16 2004 8 A 2004 B 2 6 C D E 2004 2004 8 19 17 2004 8 24 34

2004 A B C 2004 8 25 18 2004 8 31 A 2004 9 2 19 2004 9 14 A B 20 2004 9 29 A 21 2004 10 27 A 2004 2004 2004 10 28 35

2004 22 2004 10 28 A B 2004 2004 2004 10 30 23 2004 11 10 A B 5% 24 2004 11 30 A 25 2004 12 20 A 2004 12 23 26 2004 12 30 36

2004 A 2 2003 2003 2004 5 21 5 24 2004 5 18 2005 1 2004 2004 80,548,744.69 10% 8,054,874.47 5% 4,027,437.23 10% 8,054,874.47 60,411,558.52 310,517,000.11 2003 39,038,052.80 2004 331,890,505.83 2004 12 31 441,873,200 10 1.00 44,187,320 287,703,185.83 2004 2 2005 A 2005 1-2 37

2004 B 2005 10% 2004 5% C 2005 + D 1 2005 80099 2004 2003 56 2004 2004 2004 12 31 38

2004 8% *1 2003 3 10 2004 3 9 *2 1,544 2003 3 24 2006 12 1,544 *1 8% 3,500 2004 3 *2 3,088 1,544 2004 12 31 1,544 2005 2006 7,720,000.00 2003 56 39

2004 2 2004 12 31 181,440,000 2004 97,720,000 [2003]56 35,000,000 20,000,000 2004 12 31 [2003]56 3 1 2004 2 6 40

2004 A 2003 B 2003 C 2003 D 2003 E 2003 F 2004 G H 2004 2 10 2 2004 7 15 A 3 2003 8 17 A 2004 1 1 41

2004 2 3 2 2004 3 4 5 1 2003 12 30 7000 42

2004 5000 3500 38,000,000 2004 4,819,529.15 610,917.31 0.86% 2 2004 7 15 2004 5 31 107,868,800 2004 7-12 86,590,110.88 13,862,064.92 19.49% 3 2004 7 21 17 1,000 6,200 4,720.02, 4 2004 8 31 2.5, 2.5 2004 7 31 2.5, 2.5 43

2004 70,933,400 2004 9-12 16,074,534.68 1,392,535.10 1.96% 1 2 1 30,880,000 2004 12 31 15,440,000 15,440,000 2001 44

2004 38,600,000 38,600,000 2002 3 25 38,600,000 2002 12 31 30,880,000 30,880,000 2002 5 2003 3 24 30,880,000 30,880,000 45

2004 30,880,000 2 50,000,000 3 66,000,000 4 50,000,000 2004 12 31 181,440,000 [2003]56 3 : 2004 2003 2004 2003 2004 4 2004 2003 800,000 800,000 ( ) 21,323.30 23,536.10 46

2004 800,000 2003 2004 6 11 2004 6 14 2004 6 14 2004 6 25 6.57 / 51,492,672 324,361,408.46 ( 324,373,635.91 ) 2004 7 8 390,380,528 441,873,200 47

2004 2005 81238 2004 12 31 2004 2004 12 31 2004 48

2004 2004.12.31 2003.12.31 2004.12.31 2003.12.31 1 218,942,196.94 133,042,154.11 117,497,236.11 74,491,304.53 2 43,481,100.38 2,800,000.00 38,132,146.60 3 206,988,865.72 152,724,917.72 100,186,706.93 67,846,808.09 4 18,450,894.87 39,710,562.00 522,312,378.67 238,558,368.08 5 44,826,525.74 49,494,966.29 27,455,887.91 15,519,790.77 6 477,831.90 1,278,860.93 7 82,768,330.05 79,962,600.30 12,029,832.70 16,200,847.78 574,220.86 450,496.10 362,398.52 141,981.43 616,509,966.46 459,464,557.45 817,976,587.44 412,759,100.68 8 8,548,334.65 5,896,770.02 644,074,820.72 464,018,215.67 8,548,334.65 5,896,770.02 644,074,820.72 464,018,215.67 9 4,605,592,936.17 3,783,758,356.15 2,725,490,516.77 2,156,877,182.82 9 780,730,294.51 644,668,344.93 309,236,663.31 236,539,182.45 9 3,824,862,641.66 3,139,090,011.22 2,416,253,853.46 1,920,338,000.37 9 26,364,321.46 25,977,640.21 9 3,798,498,320.20 3,113,112,371.01 2,416,253,853.46 1,920,338,000.37 750,197.03 581,408.76 10 579,629,484.81 358,491,849.54 233,836,642.85 303,629,691.93 4,378,878,002.04 3,472,185,629.31 2,650,090,496.31 2,223,967,692.30 11 72,977,233.12 74,704,304.08 72,527,934.52 74,135,986.48 12 6,705,713.41 9,650,741.72 6,460,713.16 9,335,741.51 79,682,946.53 84,355,045.80 78,988,647.68 83,471,727.99 5,083,619,249.68 4,021,902,002.58 4,191,130,552.15 3,184,216,736.64 49

2004 2004.12.31 2003.12.31 2004.12.31 2003.12.31 13 174,200,000.00 119,200,000.00 140,000,000.00 70,000,000.00 14 68,063,189.65 27,221,208.60 59,063,189.65 27,221,208.60 15 95,942,739.92 106,784,723.94 33,066,327.69 43,310,256.86 16 8,293,028.92 7,146,851.98 1,369,170.06 4,020.70 13,395,149.93 12,206,284.18 9,946.12 226,798.80 11,868,650.96 13,887,288.39 841,280.93 894,813.18 6,971,934.67 6,187,003.28 2,095,265.08 1,111,289.33 17 5,633,290.57 1,190,164.92 547,541.74-3,876,873.01 185,503.94 551,345.72 39,693.10 44,616.47 18 215,407,685.05 150,228,612.89 62,732,689.38 80,881,141.32 19 357,461.71 248,843.55 215,000.00 121,880.00 20 113,840,000.00 23,832,000.00 44,000,000.00 10,402,000.00 714,158,635.32 468,684,327.45 343,980,103.75 230,341,152.25 21 1,733,234,450.00 1,283,425,250.00 1,495,234,450.00 969,015,250.00 22 34,781,629.09 49,120,838.58 23 1,801,425.00 1,700,000.00 1,769,817,504.09 1,334,246,088.58 1,495,234,450.00 969,015,250.00 2,483,976,139.41 1,802,930,416.03 1,839,214,553.75 1,199,356,402.25 247,727,111.87 234,111,252.16 24 441,873,200.00 390,380,528.00 441,873,200.00 390,380,528.00 25 1,307,138,398.87 1,033,086,098.75 1,307,138,398.87 1,033,086,098.75 26 271,013,893.70 250,876,707.53 271,013,893.70 250,876,707.53 26 530,050.45 530,050.45 331,890,505.83 310,517,000.11 331,890,505.83 310,517,000.11 44,187,320.00 39,038,052.80 44,187,320.00 39,038,052.80 2,351,915,998.40 1,984,860,334.39 2,351,915,998.40 1,984,860,334.39 5,083,619,249.68 4,021,902,002.58 4,191,130,552.15 3,184,216,736.64 50

2004 2004 2003 2004 2003 27 1,099,919,987.36 890,021,326.12 376,177,337.09 303,523,524.74 28 821,014,937.44 555,556,806.57 227,899,518.26 134,166,248.29 29 4,136,916.58 5,181,960.32 1,225,316.41 1,416,303.51 274,768,133.34 329,282,559.23 147,052,502.42 167,940,972.94 30 3,842,441.65 2,540,705.62 2,428,479.10 5,352,748.20 38,903,187.45 25,079,703.58 2,433,996.32 870,482.18 105,566,601.12 81,988,620.98 31,769,542.40 28,139,531.77 31 59,532,799.07 35,892,696.91 33,193,020.47 22,317,205.00 74,607,987.35 188,862,243.38 82,084,422.33 121,966,502.19 32-346,705.23-95,001.47 5,626,519.33 31,312,871.61 33 2,811,496.91 2,410,000.00 2,489,496.91 2,100,000.00 34 439,194.26 702,328.07 168,923.83 260,415.58 35 6,400,166.58 3,318,001.37 2,067,984.68 1,273,999.58 71,111,806.71 188,561,568.61 88,301,377.72 154,365,789.80 36 14,490,977.66 32,615,726.18 7,752,633.03 16,276,970.99-23,927,915.64 17,857,023.62 80,548,744.69 138,088,818.81 80,548,744.69 138,088,818.81 310,517,000.11 245,988,438.80 310,517,000.11 245,988,438.80 391,065,744.80 384,077,257.61 391,065,744.80 384,077,257.61 8,054,874.47 13,808,881.88 8,054,874.47 13,808,881.88 4,027,437.23 6,904,440.94 4,027,437.23 6,904,440.94 378,983,433.10 363,363,934.79 378,983,433.10 363,363,934.79 8,054,874.47 13,808,881.88 8,054,874.47 13,808,881.88 39,038,052.80 39,038,052.80 39,038,052.80 39,038,052.80 331,890,505.83 310,517,000.11 331,890,505.83 310,517,000.11 51

2004 2004 2003 2004 2003 1,092,398,986.54 1,023,507,061.88 323,942,115.33 351,764,908.02 4,631,060.47 310,000.00 218,593.00 37 13,994,677.04 19,907,732.03 102,452,675.47 49,137,733.81 1,111,024,724.05 1,043,724,793.91 426,613,383.80 400,902,641.83 575,188,412.76 504,603,730.19 161,260,748.26 105,089,085.03 114,919,891.16 96,276,548.91 21,376,255.10 16,334,325.19 80,073,308.19 105,757,519.80 29,137,640.94 43,503,308.54 38 80,493,153.35 44,904,852.00 386,806,232.51 30,118,917.57 850,674,765.46 751,542,650.90 598,580,876.81 195,045,636.33 260,349,958.59 292,182,143.01-171,967,493.01 205,857,005.50 111,722.39 3,806,406.04 2,112,000.00 6,003,404.78 50,553.72 36,064,250.49 8,764,907.76 20,906,709.16 25,798,718.00 20,619,522.60 25,231,000.00 21,068,985.27 29,605,124.04 58,795,773.09 39,999,312.54 1,003,971,721.42 550,146,533.60 489,143,333.51 279,457,074.06 211,535,000.00 16,400,000.00 1,003,971,721.42 550,146,533.60 700,678,333.51 295,857,074.06-982,902,736.15-520,541,409.56-641,882,560.42-255,857,761.52 375,168,885.91 3,600,000.00 326,042,635.91 1,121,200,000.00 508,700,000.00 1,037,000,000.00 241,000,000.00 1,496,368,885.91 512,300,000.00 1,363,042,635.91 241,000,000.00 554,132,000.00 197,185,595.76 420,402,000.00 147,868,000.00 127,787,065.52 84,898,314.90 84,705,650.90 67,957,368.32 5,997,000.00 1,079,000.00 687,916,065.52 282,083,910.66 506,186,650.90 215,825,368.32 808,452,820.39 230,216,089.34 856,855,985.01 25,174,631.68 85,900,042.83 1,856,822.79 43,005,931.58-24,826,124.34 52

2004 1 2004 2003 2004 2003 80,548,744.69 138,088,818.81 80,548,744.69 138,088,818.81-23,927,915.64 17,857,023.62 1,247,467.64 3,829,101.96 134,002.75 90,426.72 145,957,742.45 117,619,438.92 73,222,629.08 61,520,016.47 1,727,070.96 1,796,442.94 1,608,051.96 1,677,423.94 2,945,028.31 2,896,644.00 2,875,028.35 2,826,644.04-123,724.76 364,731.11-220,417.09 160,664.93 108,618.16-1,336,915.23 93,120.00-88,120.00 2,930,222.91 1,659,898.19 409,340.54 1,243,218.42 286,124.25 139,463.41 60,965,694.61 38,004,318.10 34,200,085.36 23,085,222.92 346,705.23 95,001.47-5,626,519.33-31,312,871.61-1,717,364.10-4,709,064.55 4,007,118.67-7,232,964.71-88,215,911.67 359,955.45-372,182,533.74-7,143,569.16 77,271,455.55-24,482,715.19 8,963,855.75 22,942,094.73 260,349,958.59 292,182,143.01-171,967,493.01 205,857,005.50 2 3 218,942.196.94 133,042,154.11 117,497,236.11 74,491,304.53 133,042,154.11 131,185,331.32 74,491,304.53 99,317,428.87 85,900,042.83 1,856,822.79 43,005,931.58-24,826,124.34 53

2004 1 2003.12.31 2004.12.31 14,835,917.94 1,949,152.04 16,785,069.98 12,579,230.56 1,953,307.81 14,532,538.37 2,256,687.38-4,155.77 2,252,531.61 9,714,920.51 163,896.41 1,252,262.06 1,252,262.06 8,626,554.86 5,258,408.86 464,744.83 464,744.83 4,793,664.03 230,331.50 230,331.50 81,368.37 81,368.37 81,368.37 3,467,285.05 163,896.41 706,148.86 706,148.86 2,925,032.60 677,526.73 677,526.73 500,000.00 500,000.00 500,000.00 500,000.00 25,977,640.21 386,681.25 26,364,321.46 25,977,640.21 386,681.25 26,364,321.46 51,028,478.66 2,499,729.70 1,252,262.06 1,252,262.06 52,275,946.30 54

2004 2 2004 2003 390,380,528.00 390,380,528.00 51,492,672.00 51,492,672.00 441,873,200.00 390,380,528.00 1,033,086,098.75 1,032,986,098.75 274,052,300.12 100,000.00 272,880,963.91 1,071,336.21 100,000.00 100,000.00 1,307,138,398.87 1,033,086,098.75 250,876,707.53 216,354,502.83 19,607,135.72 34,522,204.70 16,109,748.94 27,617,763.76 8,054,874.47 13,808,881.88 8,054,874.47 13,808,881.88 3,497,386.78 6,904,440.94 270,483,843.25 250,876,707.53 111,485,860.76 103,430,986.29 4,027,437.23 6,904,440.94 4,027,437.23 6,904,440.94 3,497,386.78 6,904,440.94 3,497,386.78 6,904,440.94 530,050.45 310,517,000.11 245,988,438.80 80,548,744.69 138,088,818.81 59,175,238.97 73,560,257.50 331,890,505.83 310,517,000.11 55

2004 2004 / / 11.68% 12.85% 0.62 0.67 3.17% 3.49% 0.17 0.18 3.42% 3.77% 0.18 0.20 40 3.45% 3.80% 0.18 0.20 2004 2003 1 2 3 4 5 6 41-1,510,532.10 1,272,747.36 56

2004 2004 1 1993 3 4402001200008 2 RMB441,873,200.00 148 1 2 3 4 5 6 7 57

2004 8 58 % 1 0 5 1 2 10 10 2 3 20 30 3 40 50 % 1 1 1 2 5 2 3 30 3 50 1 ; 2 3 9

2004 59 10 1 2 20% 20% 20% 20% 50% 50% -- -- -- 10 3 11 (1) (2) (3) 12 1 2000

2004 ( 5%) 1 60 (%) : 50 1.90 40 2.38 30 3.17 10-30 3.17-9.5 2 : 5-20 4.75-19 20 4.75 3 10 9.5 4 5 19 1 2 3 4 5 13 1 3 2 3 1 2 3

2004 14 1 2 3 15 16 a ( ) 1 2 3 4 b 1 2 61

2004 c 1 2 d. 1 2 3 1 2 4 5 17 18 1 6% 32.5R [2002]579 2002 2004 7 32.5R [2003]461 2003 17% 2 5% 62

2004 3 5 1 2004 9 5 7 7% 4 : 1 94 001 3 [1996]75 28 3 2003 3 2002 3 2002 3 [1994]177 2005 01 2 [1996]20 1996 1 12 1 3 2002 3 3 2004 7 33% ( ) 10% 5%-10% 0%-20% 63

2004 1 : RMB31,600,000 50% 15,800,000.00 RMB17,000,000 88.23% 15,000,000.00 RMB7,500,000 60% 4,500,000.00 RMB64,031,500 81.21% 52,001,171.82 *1 RMB44,530,000 90.91% 40,480,000.00 RMB150,000,000 68.08% 102,125,000.00 RMB130,000,000 86.92% 113,000,000.00 *2 RMB5,200,000 80% 4,160,000.00 RMB20,000,000 82% 16,400,000.00 RMB33,900,000 65% 22,035,000.00 RMB80,000,000 65% 52,000,000.00 RMB80,000,000 80% 64,000,000.00 *3 RMB98,000,000 75% 73,500,000.00 *1 1,047 4,453 73.6% 90.91% *2 376 211.2 164.8 520 70% 80% *3 9,800 7,350 75 86,761,250.00 2004 7,350 84.72 2 3 2004 12 31 2004 115,169,177.63 80,336,179.11 16,074,534.68 12,894,036.87 932,998.52 606,449.04 2004.9-12 86,340,744.01 6,340,744.01 - - - - 108,712,040.22 28,712,040.22 - - - - 233,946,318.44 133,323,003.52 86,590,110.88 56,223,722.73 13,862,064.92 11,473,908.38 2004.7-12 544,168,280.30 248,711,966.86 102,664,645.56 69,117,759.60 14,795,063.44 12,080,357.42 64

2004 1 2004.12.31 2003.12.31 281,121.64 230,284.92 218,511,896.29 132,671,619.42 149,179.01 140,249.77 218,942,196.94 133,042,154.11 64.57% 2005022109022101972 2,000,000.00 2004 12 31 5,438,878.47 2 2004.12.31 2003.12.31 6,281,100.38 2,695,000.00 37,200,000.00 105,000.00 43,481,100.38 2,800,000.00 3 2004.12.31 2003.12.31 (%) (%) 1 199,030,495.66 89.85 4,848,492.14 142,849,675.74 86.41 3,620,036.29 1 2 4,516,697.79 2.04 451,669.77 5,441,259.02 3.29 544,125.90 2 3 2,466,924.61 1.11 740,077.38 3,829,398.35 2.32 1,148,819.50 3 15,507,286.03 7.00 8,492,299.08 13,183,815.17 7.98 7,266.248.87 221,521,404.09 100.00 14,532,538.37 165,304,148.28 100.00 12,579,230.56 1 2004.12.31 2003.12.31 102,060,652.83 70,448,949.85 105,643,409.46 47.69% 34.01% 5% 5% 65

2004 4 2004.12.31 2003.12.31 (%) (%) 1 12,512,288.46 60.44 125,122.88 35,522,238.91 84.64 283,402.39 1 2 5,321,771.43 25.70 266,088.57 3,376,767.92 8.05 168,838.40 2 3 327,212.03 1.58 98,163.37 927,723.00 2.21 278,316.90 3 2,542,154.56 12.28 1,763,156.79 2,140,519.55 5.10 1,526,129.69 20,703,426.48 100.00 2,252,531.61 41,967,249.38 100.00 2,256,687.38 3,133,137.52 2,030,000.00 1,445,158.40 8,525,305.97 41.18% 50.67% B 5% 5% 5 2004.12.31 2003.12.31 (%) (%) 1 44,826,525.74 100.00 49,494,966.29 100.00 1 2 2 3 3 44,826,525.74 100.00 49,494,966.29 100.00 5% 5% 6 2004.12.31 2003.12.31 477,831.90 1,278,860.93 7 2004.12.31 2003.12.31 3,717,290.76 230,331.50 4,771,653.57 230,331.50 46,770,669.36 4,793,664.03 36,699,135.80 5,258,408.86 13,636,795.24 8,877,057.15 81,368.37 25,059,385.99 2,925,032.60 38,398,679.80 3,467,285.05 2,210,743.56 677,526.73 801,109.49 677,526.73 129,885.00 91,394,884.91 8,626,554.86 89,677,520.81 9,714,920.51 66

2004 8 2003.12.31 2004.12.31 * 475,818.23 3,996.34 111,722.38 368,092.19 5,330,000.00 500,000.00 5,330,000.00 500,000.00 590,951.79 3,160,545.96 401,255.29 3,350.242.46 6,396,770.02 500,000.00 3,164,542.30 512,977.67 9,048,334.65 500,000.00 * 111,722.38 20% 50,553.72 1 2,544,000 8% 3,000,000.00 2 800,000.00 0.44% 50,000.00 500,000.00 500,000.00 180,000.00 15.00% 800,000.00 2.44% 2,330,000.00 500,000.00 3 2004.12.31 368,092.19 360,000.00 3,996.34 8,092.19 45.00% 4 2003.12.31 2004.12.31 67 875,484.09 590,951.79 87,548.40 503,403.39 10 5 9 82,882.10 82,882.10 *1 3,077,663.86 230,824.79 2,846,839.07 10 9 3 *2 4,036,030.05 590,951.79 401,255.29 3,350,242.46 *1 376 70% 80% 82,882.10

2004 *2 1,047 4,453 73.6% 90.91% 3,077,663.86 5 2003.12.31 2004.12.31 500,000.00 500,000.00 9 2003.12.31 2004.12.31 2,304,463,931.11 577,773,331.00 6,344,803.58 2,875,892,458.53 1,382,918,997.52 266,315,871.39 20,098,271.60 1,629,136,597.31 26,886,042.26 5,568,961.38 718,504.60 31,736,499.04 51,240,185.26 1,905,925.32 2,457,929.29 50,688,181.29 18,249,200.00-110,000.00 18,139,200.00 3,783,758,356.15 851,564,089.09 29,729,509.07 4,605,592,936.17 214,016,139.59 61,594,862.72 279,494.30 275,331,508.01 388,411,017.64 77,176,277.58 7,593,238.45 457,994,056.77 10,043,469.68 2,701,991.71 426,460.91 12,319,000.48 26,371,352.36 4,231,834.56 1,486,599.21 29,116,587.71 5,826,365.66 252,775.88 110,000.00 5,969,141.54 644,668,344.93 145,957,742.45 9,895,792.87 780,730,294.51 3,139,090,011.22 3,824,862,641.66 17,116,199.41 - - 17,116,199.41 8,861,440.80 386,681.25-9,248,122.05 25,977,640.21 386,681.25-26,364,321.46 3,113,112,371.01 3,798,498,320.20 1 21.72% 484,742,604.27 69,162,056.76 57,518,256.82 38,404,164.00 55,792,503.30 31,003,958.00 2 20 21 68

2004 10 2003.12.31 2004.12.31 : (%) 9,014,923.78 2,800,000.00 6,214,923.78 25,965,702.08 375,502.88 17,253,448.80 514,054.33 40,101,439.84 3,117,711.04 5.14% 280,752,038.18 11,953,076.86 231,276,122.43 9,939,809.79 468,726,060.61 43,302,100.00 50,585.97 5.15% 104.44 265,148.42 7,782,066.86 7,987,048.48 60,166.80 6,130,228.31 4,177,763.55 251,546.40 9,017,554.23 1,290,437.63 42,380.10 5.02% 2,501,867.05 2,130,125.93 3,917,757.16 714,235.82 4,971,895.37 39,157,856.61 30,998,458.00 13,131,293.98 13,980,571.09 18,135.00 33,910,564.80 1,541,300.13 47,891,135.89 1,559,435.13 4,298.00 5.11% 111.43 9 16,688,136.57 15,295,046.40 23,782,670.02 8,200,512.95 4,734,556.54 6,647,987.97 7,837,271.51 3,545,273.00 859,390.93 30,230,150.07 970,144.45 8,349.75 31,081,191.25 970,144.45 18,000.00 5.11% 17.27 703,600.00 151,000.00 854,600.00 964,308.00 216,258.00 748,050.00 7,392,828.90 7,392,828.90 135,291,044.30 1,408,017.22 135,291,044.30 1,408,017.22 18,400.00 5.02% 73.53 373,850.48 373,850.48 94,854,434.10 3,340.50 94,851,093.60 50,521.00 18.77 48,290,550.81 420,385.57 48,290,550.81 420,385.57 5,482.00 5.53% 88.09 25,792,762.88 25,792,762.88 180,980.00 1.43 105,565,351.33 638,374.50 105,565,351.33 638,374.50 48,473.00 5.04% 21.78 2,231,239.64 460,984.27 1,770,255.37 938,715.00 66,000.00 1,004,715.00 358,491,849.54 12,346,714.74 817,849,427.64 15,683,632.39 596,711,792.37 579,629,484.81 5,038,736.97 69

2004 61.69% 1 2 338,632,123.74 2 2500 135,291,044.30 3 231,276,122.43 468,726,060.61 4 39,157,856.61 30,998,458.00 5 41,662,735.41 6 40,101,439.84 7 23,782,670.02 11 2003.12.31 2004.12.31 10,458,047.60 9,168,221.68 209,160.96 1,498,986.88 8,959,060.72 42 10 * 68,672,017.87 63,979,430.06 1,373,440.32 6,066,028.13 62,605,989.74 45 7 B 1,272,535.00 988,334.74 25,450.68 309,650.94 962,884.06 37 10 1,151,500.00 537,366.24 115,150.08 729,283.84 422,216.16 3 8 38,689.20 30,951.36 3,868.92 11,606.76 27,082.44 7 81,592,789.67 74,704,304.08 1,727,070.96 8,615,556.55 72,977,233.12 * 2000 8 68,672,017.87 50 12 2003.12.31 2004.12.31 11,859,836.94 5,923,543.40 1,185,983.54 7,122,277.08 4,737,559.86 48 1,653,504.95 883,869.63 165,350.50 934,985.82 718,519.13 52 19,999.20 9,000.40 1,999.92 12,998.72 7,000.48 42

2004 680,000.40 305,999.81 68,000.04 442,000.63 237,999.77 42 5,603,151.18 1,496,638.80 1,120,630.20 5,227,142.58 376,008.60 4 1,571,564.16 942,938.45 314,312.88 942,938.59 628,625.57 24 129,118.15 88,751.23 88,751.23 129,118.15 21,517,174.98 9,650,741.72 2,945,028.31 14,811,461.57 6,705,713.41 13 2004.12.31 2003.12.31 25,000,000.00 * 14,200,000.00 24,200,000.00 160,000,000.00 70,000,000.00 174,200,000.00 119,200,000.00 * 1,000 2004 9 2 2005 6 15 46.14% 14 2004.12.31 2003.12.31 59,063,189.65 27,221,208.60 9,000,000.00 68,063,189.65 27,221,208.60 150.04% 15 5% 5% 16 5% 5% 17 2004.12.31 2003.12.31 7,401,734.13 3,797,913.70-25,545.92 142,223.36 149,726.17 391,496.56-2,497,457.81-4,589,738.41 71

2004 237,871.27 333,076.97 273,387.51 997,264.10 56,866.84 115,845.05 26,448.38 2,083.59 360.00 9,900.00 5,633,290.57 1,190,164.92 18 65,462,985.02 * 29,003,400.00 19,644,713.90 13,094,098.84 12,693,421.49 * 2003 6 161,130,000.00 2004 12 31 132,126,600.00 5% 5% 43.39% 19 2004.12.31 2003.12.31 258,860.00 198,254.00 98,601.71 50,589.55 357,461.71 248,843.55 20 2004.12.31 *1 44,000,000.00 44,000,000.00 *2 56,410,000.00 56,410,000.00 100,410,000.00 100,410,000.00 72

2004 5,710,000.00 5,710,000.00 *3 7,720,000.00 7,720,000.00 13,430,000.00 13,430,000.00 113,840,000.00 113,840,000.00 *1 *2 *3 1 21 21 2004.12.31 2003.12.31 *1 409,234,450.00 229,500,000.00 179,734,450.00 396,015,250.00 *2 298,000,000.00 298,000,000.00 368,000,000.00 *3 200,000,000.00 200,000,000.00 115,000,000.00 170,000,000.00 170,000,000.00 170,000,000.00 170,000,000.00 160,000,000.00 160,000,000.00 *4 81,000,000.00 81,000,000.00 62,000,000.00 *5 66,000,000.00 66,000,000.00 66,000,000.00 57,000,000.00 57,000,000.00 10,000,000.00 *6 50,000,000.00 50,000,000.00 50,000,000.00 *7 50,000,000.00 50,000,000.00 50,000,000.00 *8 22,000,000.00 22,000,000.00 98,410,000.00 50,000,000.00 18,000,000.00 1,733,234,450.00 1,733,234,450.00 179,734,450.00 1,283,425,250.00 *1: 229,500,000.00 1998 2001 8.01% 2002 2004 5.76% *2 73

2004 2005022109022101972 2,000,000.00 2004 12 31 5,438,878.47 *3 *4 3,600 *5 *6 50,000,000.00 *7 50,000,000.00 *8 41.72% 1 45,500 2 20,220 30,000 3 8,980 4 3,000 22 2004.12.31 2003.12.31 8,057,999.95 8,057,999.95 2010 9,115,000.00 *1 7,720,000.00 7,720,000.00 15,440,000.00 *2 7,650,000.00 7,650,000.00 2006 7,650,000.00 5,742,650.54 5,742,650.54 2005-2006 11,452,650.54 4,560,978.60 2,500,000.00 2,060,978.60 4,413,188.04 900,000.00 900,000.00 900,000.00 150,000.00 150,000.00 150,000.00 34,781,629.09 32,720,650.49 2,060,978.60 49,120,838.58 *1 *2 2004 2006 29.19% 23 74

2004 2003.12.31 2004.12.31 200,000.00 230,000.00 128,575.00 301,425.00 *1 100,000.00 100,000.00 *2 1,500,000.00 1,500,000.00 1,700,000.00 330,000.00 228,575.00 1,801,425.00 *1 128,575.00 *2 24 + - 1 85,021,616.00 85,021,616.00 :70,938,416.00 70,938,416.00 14,083,200.00 14,083,200.00 2133,716,672.00 133,716,672.00 3 218,738,288.00 218,738,288.00 1. 171,642,240.00 51,492,672.00 51,492,672.00 223,134,912.00 : 21,427.00 6,428.00-5,616.00 812.00 22,239.00 171,642,240.00 223,134,912.00 390,380,528.00 51,492,672.00 51,492,672.00 441,873,200.00 2004 6 2002 12 31 390,380,528 10:3 51,492,672 6.57 75

2004 RMB324,361,408.46 RMB12,227.45 RMB324,373,635.91 RMB51,492,672.00 RMB272,880,963.91 2004 80206 25 2003.12.31 2004.12.31 *1 1,009,521,328.69 272,880,963.91 1,282,402,292.60 *2 22,907,434.61 22,907,434.61 *3 657,335.45 1,171,336.21 1,828,671.66 1,033,086,098.75 274,052,300.12 1,307,138,398.87 *1 2004 6 24 *2 22,723,538.88 1996 1996 5 31 1996 88 116,570.93 1997 67,324.80 1998 *3 1,071,336.21 100,000.00 26 2003.12.31 2004.12.31 103,430,986.29 8,054,874.47 111,485,860.76 * 4,027,437.23 3,497,386.78 530,050.45 147,445,721.24 11,552,261.25 158,997,982.49 250,876,707.53 23,634,572.95 3,497,386.78 271,013,893.70 *: 2004 12 31 55,206,499.91 55,206,499.91 3,497,386.78 27 76

2004 2004 2003 341,316,264.20 318,677,703.14 271,105,843.38 289,867,115.05 150,218,041.85 133,521,797.55 97,334,211.69 43,330,572.37 21,211,950.44 10,169,509.39 80,783,543.52 64,556,278.29 137,950,132.28 29,898,350.33 1,099,919,987.36 890,021,326.12 1 2004 2003 208,697,982.34 221,396,453.05 132,618,281.86 97,281,250.09 341,316,264.20 318,677,703.14 255,031,308.70 289,867,115.05 16,074,534.68 271,105,843.38 289,867,115.05 612,422,107.58 608,544,818.19 3,694,706.64 2 50% 2004 6 15 2003 124 288.85 / 2004 6 15 [2004]264 293.98 / 3 572,753,087.11 52.07% 4 23.58% 209,898,661.24 A 7 86,590,110.88 B 54,003,639.32 C 29,335,631.67 D 77

2004 21,461,671.07 E 16,696,244.30 F 2003 4 8 10 16,422,285.07 G 8 16,074,534.68 H 2003 4 5 13,424,524.06 I 11,042,441.05 J 2003 7 1 9,402,590.22 K 2003 8 10 11 8,670,701.41 L 2003 12 30 3,800 4,819,529.15 M 10 12 3,248,381.36 N 23,997,174.79 9,823,657.74 34,835,806.35 O 11,982,366.44 28 2004 2003 125,846,365.56 88,554,101.52 303,656,123.37 233,234,531.51 110,492,868.80 101,204,145.68 92,249,100.24 41,184,823.17 20,084,983.52 11,360,945.40 74,152,023.37 55,275,848.56 94,533,472.58 24,742,410.73 821,014,937.44 555,556,806.57 1 2004 2003 78

2004 73,429,004.17 61,291,874.88 52,417,361.39 27,262,226.64 125,846,365.56 88,554,101.52 290,762,086.50 233,234,531.51 12,894,036.87 303,656,123.37 233,234,531.51 429,502,488.93 321,788,633.03 2 47.78% 265,458,130.87 A 57,527,554.99 ; B 7 56,223,722.73 C 51,064,277.07 D 28,132,795.13 E 15,985,938.50 F 13,567,339.12 G 8 12,894,036.87 ; H 9,288,723.12 I 7,146,589.90 J 2003 4 8 10 5,866,187.19 K 2003 4 5 4,114,458.63 L 2003 8 10 11 4,026,102.61 M 2003 7 1 3,699,709.89 N 2003 12 30 3,800 2,643,598.53 79

2004 O 9,256,620.32 29 2004 2003 2,779,546.44 3,319,707.33 1,357,370.14 1,712,737.12 149,515.87 4,136,916.58 5,181,960.32 30 2004 2003 3,842,441.65 2,540,705.62 31 2004 2003 60,965,694.61 38,004,318.10 1,630,605.49 2,304,543.42-59,109.57 : - 8,496.41 197,709.95 142,309.07 59,532,799.07 35,892,696.91 65.86% 1 2 3 32 2004 2003 3,996.34-7,757.88 50,553.72 * -401,255.29-87,548.40 304.81-346,705.23-95,001.47 * -82,882.10 80

2004 33 2004 2003 *1 322,000.00 310,000.00 *2 2,489,496.91 2,100,000.00 2,811,496.91 2,410,000.00 *1 [2004]18 2002 *2 1 34 2004 2003 122,622.43 424,500.00 177,832.45 198,190.58 138,739.38 79,637.49 439,194.26 702,328.07 35 2004 2003 386,681.25 613,625.52 3,338,969.59 2,039,898.19-134,963.41 2,674,515.74 529,514.25 6,400,166.58 3,318,001.37 92.89% A B 3 36 2004 7 81

2004 33% 4 55.57% 18,124,748.52 9,454,648.29 12,325,807.51 37 2004 2003 4,005,442.99 9,481,649.39 1,432,895.54 1,084,732.64 *1 2,489,496.91 2,100,000.00 5,736,841.60 5,641,350.00 *2 330,000.00 1,600,000.00 13,994,677.04 19,907,732.03 *1 *2 23 38 2004 2003 45,935,041.13 30,975,529.90 22,907,033.23 7,001,071.97 8,955,440.45 5,357,134.60-200,000.00 2,695,638.54 1,371,115.53 80,493,153.35 44,904,852.00 82

2004 39 A 2004.12.31 2003.12.31 (%) (%) 1 101,000,728.19 100.00 814,021.26 68,618,254.68 100.00 771,446.59 1 2 2 3 3 101,000,728.19 100.00 814,021.26 68,618,254.68 100.00 771,446.59 1 2004.12.31 2003.12.31 84,720,303.14 53,189,322.95 89,581,861.21 88.69% B 2004.12.31 2003.12.31 (%) (%) 1 520,479,198.09 99.60 36,049.38 238,308,424.66 99.75 222,104.26 1 2 1,804,428.36 0.35 90,221.42 227,911.09 0.10 11,395.55 2 3 5,300.00 0.00 1,590.00 343,474.53 0.14 103,042.36 3 302,626.04 0.05 151,313.02 30,199.95 0.01 15,099.98 522,591,552.49 100.00 279,173.82 238,910,010.23 100.00 351,642.15 2004 516,874,260.76 2003 208,915,998.30 435,236,045.90 83.28% 114,904,831.04 104,071,750.58 83

2004 104,060,668.85 77,654,608.80 34,544,186.63 C 2003.12.31 2004.12.31 460,063,168.03 256,521,630.44 79,228,312.40 637,356,486.07 364,095.85 3,996.34 368,092.19 3,000,000.00 3,000,000.00 590.951.79 3,160,545.96 401,255.29 3,350,242.46 464,018,215.67 259,686,172.74 79,629,567.69 644,074,820.72 1 2,544,000 8% 3,000,000.00 2 2004.12.31 *1 19,732,853.27 52,001,171.82 2,444,132.93 - -32,268,318.55 81.21% - 17,066,808.69 14,999,100.00 7,402,067.00-2,067,708.69 88.23% - 5,480,261.30 5,874,515.91-626,040.85 - -394,254.61 60.00% - *2 20,904,687.14 40,480,000.00-7,547,088.68 - -19,575,312.86 90.91% - 84,683,363.57 15,800,000.00-32,449,784.82 16,357,144.12 68,883,363.57 50.00% - 114,906,217.64 102,125,000.00 7,167,540.35 10,998,679.21 12,781,217.64 68.08% - 129,808,212.64 113,000,000.00 14,806,195.35 8,006,651.98 16,808,212.64 86.92% - *3 3,496,943.22 4,160,000.00-429,147.56 - -663,056.78 80.00% - 17,661,781.18 16,400,000.00 1,086,337.39 701,775.18 1,261,781.18 82.00% - 84

2004 368,092.19 360,000.00 3,996.34-8,092.19 45.00% - 22,641,449.04 22,035,000.00 606,449.04-606,449.04 65.00% - 64,000,000.00 64,000,000.00 - - - 80.00% - 52,000,000.00 52,000,000.00 - - - 65.00% - 84,973,908.38 73,500,000.00 11,473,908.38-11,473,908.38 75.00% - 637,724,578.26 576,734,787.73 3,938,564.87 36,064,250.49 60,989,790.53 - *1 1,071,336.21 25 *2 3,077,663.86 8(4) *3 6,272,000.00 4,160,000.00 1 *2 3 2003.12.31 2004.12.31 875,484.09 590,951.79 87,548.40 503,403.39 10 5 9 82,882.10 * 82,882.10 3,077,663.86 * - 230,824.79 2,846,839.07 10 9 3 4,036,030.05 590,951.79 401,255.29 3,350,242.46 * 8 4 4 D 2004 2003 214,999,618.19 224,559,076.83 97,334,211.69 43,330,572.37 63,843,507.21 35,633,875.54 376,177,337.09 303,523,524.74 4,819,529.15 85

2004 210,180,089.04 3,694,706.64 268,038,420.63 71.25% E 2004 2003 76,440,157.41 61,903,959.64 92,249,100.24 41,184,823.17 59,210,260.61 31,077,465.48 227,899,518.26 134,166,248.29 F 2004 2003 5,977,220.90 31,400,420.01 50,553.72-401,255.29-87,548.40 5,626,519.33 31,312,871.61 G 2004 2003 87,917,074.65 37,010,005.66 85,572,358.98 32,337,566.34 6,209,262.31 4,286,378.15 2,489,496.91 2,100,000.00 5,736,841.60 5,641,350.00 100,000.00 100,000.00 102,452,675.47 49,137,733.81 H 2004 2003 12,560,281.25 10,155,506.83 2,307,643.25 212,072.83 370,307,311.47 18,932,850.37 367,874,866.81 17,317,483.18 1,630,996.54 818,487.54 86

2004 386,806,232.51 30,118,917.57 40 2004 2003 5,689,705.50 2,889,667.20 *1 1,667,962.93 1,407,000.00 1,094,472.06 639,232.06 *2 261,496.20 251,751.09 200,000.00-3,730,068.02-1,172,398.31 30,332.24-675,804.59 9,904,957.54 *1 *2 33 41 2004 2003 2,489,496.91 2,100,000.00 1,252,262.06 664,795.14 322,000.00 310,000.00 200,000.00-5,574,291.07-2,002,047.78-1,510,532.10 1,272,747.36 1 87

2004 2 45% 1 2004.12.31 2003.12.31 760,684.00 1,244,365.92 2 2004 2003 2,506,585.92 3,048,310.32 1 88

2004 3,088 1,544 2004 12 31 15,440,000.00 2005 2006 7,720,000.00 2005 7,720,000.00 7,720,000.00 2 66,000,000.00 3 50,000,000.00 70,000,000.00 4 50,000,000.00 70,000,000.00 5 / 2 2004 2004 10% 5% 10% 1 89

2004 1 [2004]08 2003 4,589,496.91 2003 2,100,000.00 2004 2,489,496.91 2 1 2003 12 30 3,800 2004 1 6 4,819,529.15 2,164,363.76 610,917.31 292,014.86 318,902.45 2 2004 7 15 73,500,000.00 75% 2004 7 15 2004 F241 2004 5 31 10,781.49 10,786.88 7 12 86,590,110.88 30,366,388.15 13,862,064.92 11,473,908.38 18,400 135,291,044.30 3 2004 8 25 64,000,000.00 80% 2 6 48,473 105,565,351.33 90

2004 4 2004 8 30 22,035,000.00 65% 2004 8 31 1 2.5 1 2.5 (2004)2-33 2004 7 31 7,082.17 7,093.34 9 12 16,074,534.68 3,081,191.03 1,392,535.10 459,536.58 932,998.52 606,449.04 1 2.5 5,482 48,290,550.81 5 2,000 2003 6 19 2004 12 18 8,000 5,200 65 35 2004 11 30 21,389,760.48 1,389,760.48 20,000,000.00 36,000 23,400 5,200 2005 4 30 2005 12 31 10,400 7,800 20 18.098 25,792,762.88 6 2 6 50,521 94,851,093.60 7 1.41 18,000 31,081,191.25 91

2004 3 2004 1 29 5000 2004 3 30 401 2004 71 1,562,280.30 3,167,900.00 1,605,519.70 4 92

2004 2004 : 93