2004 600867

2004... 3... 3... 4... 6... 9... 11... 14... 14... 22... 23... 25... 62 2

2004 1 2 3 1 TONGHUA DONGBAO PHARMACEUTICAL CO.LTD. THDB 2 3 04355088025 04355088268 E-mail wjy@thdb.com (0435)5088126 (0435)5088268 E-maildbzq@sina.com 4 3

2004 134123 http//www.dongbao.com.cn zqb@thdb.com 5 http://www.sse.com.cn 6 A A A 600867 7 1992 12 28 2200001030142 220521244578300 22 4 : : -70,932,041.04-78,249,031.51-80,444,918.45 137,663,768.38 3,198,367.78-46,045,856.99-25,011,940.94 125,756.89 13,165,303.60 10,170,220.42 4

2004 : : -2,075,574.45 125,756.89 5,444.40 2,195,886.94 : : 2004 2003 2002 (%) 307,843,217.09 298,697,946.39 3.06 280,556,262.51-70,932,041.04 45,128,421.87-257.18 53,548,992.33-78,249,031.51 36,134,507.19-316.55 40,023,093.41-330.36-80,444,918.45 34,920,106.60 36,984,361.95 2004 2003 2002 (%) 1,806,248,071.67 1,795,125,565.18 0.62 1,568,532,868.33 1,279,919,526.20 1,358,168,557.71-5.76 1,322,034,050.52-71.06 13,165,303.60 45,506,736.09 31,994,905.57 2004 2003 2002 (%) ( ) -0.2411 0.11-319.18 0.12-6.11 % 2.66-329.69 3.02-6.29 2.58-343.80 2.79 (% 0.04 0.14-71.43 0.10 ( ) -0.2411 0.11-319.18 0.12-0.2479 0.11-325.37 0.11-0.2479 0.11-325.37 0.11-5.87 % 2.63-323.20 2.92-6.03 2.23-370.41 2.70 5

2004 (%) 2004 2003 2002 (%) 3.94 4.19-5.97 4.07 3.33 3.60-7.50 3.73 9 : : % 10.76 10.32 0.4242 0.4242-3.60-3.45-0.1419-0.1419-6.11-5.87-0.2411-0.2411-6.29-6.03-0.2479-0.2479 : : 324,493,036 741,122,832.93 124,774,522.02 30,616,943.12 167,778,166.76 1,358,168,557.71 1,904,377.51 634,792.50 80,153,409.02 78,249,031.51 324,493,036 741,122,832.93 126,678,899.53 31,251,735.62 87,624,757.74 1,279,919,526.20 1 : 1 166,795,756 166,795,756 166,795,756 166,795,756 2 6

2004 3 4 166,795,756 166,795,756 1 157,697,280 157,697,280 2 3 4 157,697,280 157,697,280 324,493,036 324,493,036 2 (1) (2) (3) 1 78,491 2 : ( ) (%) 590,000 158,813,756 48.94 0 5,019,300 1.55 2,186,836 4,069,800 1.25 0 2,702,700 0.83 1,509,471 0.47 671,539 0.21 357,500 0.11 307,027 0.09 263,900 0.08 261,100 0.08 3 7

2004,. 4 1 259,000,000 2001 1 8 2 3 8

2004 5 6 ABH 4,069,800 A 1,509,471 A 671,539 A 357,500 A 307,027 A 263,900 A 261,100 A 258,610 A 252,000 A 243,518 A 1 : 54 2002-05-16 2005-05-16 163,217 163,217 40 2002-05-16 2005-05-16 43 2002-05-16 2005-05-16 5,600 5,600 43 2002-05-16 2005-05-16 54 2002-05-16 2005-05-16 45 2002-05-16 2005-05-16 17,550 17,550 48 2002-05-16 2005-05-16 61 2002-05-16 2005-05-16 69 2002-05-16 2005-05-16 20,000 20,000 55 2002-05-16 2005-05-16 70,200 70,200 47 2002-05-16 2005-05-16 17,100 17,100 36 2002-05-16 2005-05-16 2 9

2004 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10), (11) (12) 3 2001 1 2001 1 2001 7 2001 1 2001 1 1 2 : : 10

2004 720,000 612,000 612,000 30,000 3 30 1,18 1,10 1,3 2 5 1,811 1 44 274 185 375 933 2 109 268 178 1,256 11

2004 1 2 3 4 5 6 12

2004 7 1 () () () 4 4 0 0 4 2 2 0 2 1) 2) 3) 4) 5) 13

2004 1 2004 4 13 2003 2004 5 17 2 (1) 2003 (2) 2003 (3) 2003 2004 (4) 2003 (5) 2003 (6) 2004 30 32003 2004 5 18 30,784 3.06% -7,824.9 316.55% : 24.06% 9,874 2,375 14

2004 2003, 2004,,. 1 (1) (2) : : (%) (%) 172,963,941.47 56.19 104,066,725.33 75.59 134,879,275.62 43.81 33,597,043.05 24.41 : 6,734,081.44 2.19 3,791,384.61 2.75 307,843,217.09 / 137,663,768.38 / 307,843,217.09 137,663,768.38 100 (3) : : (%) (%) 96,398,465.68 31.32 66,142,166.47 48.04 134,879,275.62 43.81 33,597,043.05 24.41 76,565,475.79 24.87 37,924,558.86 27.55 : 6,734,081.44 2.19 3,791,384.61 2.75 307,843,217.09 / 137,663,768.38 / / / 307,843,217.09 100 137,663,768.38 100 6,734,081.44 15

2004 (4) : : (%) (%) 122,582,338.29 39.82 39,511,278.18 28.70 81,053,981.46 26.33 30,987,613.87 22.51 38,838,435.03 12.62 24,245,635.93 17.61 826,151.72 0.27 558,962.82 0.41 3,042,864.93 0.99 2,265,492.62 1.65 29,535,276.79 9.59 19,443,135.42 14.12 23,838,722.39 7.74 15,648,183.57 11.37 8,125,446.48 2.64 5,003,465.97 3.63 : 6,734,081.44 2.19 3,791,384.61 2.75 307,843,217.09 / 137,663,768.38 / / / 307,843,217.09 100 137,663,768.38 100 (5) 10% : : (%) 172,963,941.47 67,893,216.84 60.75 134,879,275.62 100,601,153.54 25.41 2 (1) : : 12,000 291,494,258.10 7,284,909.12 5,000 83,281,840.51-278,784.51 700 66,986,802.97-1,350,064.48 (2) 10% : : (%) -9,874-2,375 30.36 16

2004 3 : : 33,668,029.92 20.09 67,968,733.46 22.08 4 2004,,,,, 1 2 [2002]198 1000 GMP 19900, 10,466 1000 2000 2000 [2004]2427 2000 49,848 2,711 43,319 6,529 35,000 14,848 2004 17

2004 4,332 3000 : : 1,806,248,071.67 1,795,125,565.18 11,122,506.49 0.62 137,663,768.38 145,762,123.30-8,098,354.92-5.55-78,249,031.51 36,134,507.19-114,383,538.70-316.55 10,170,220.42-14,909,969.55 25,080,189.97 168.21 1,279,919,526.20 1,358,168,557.71-78,549,031.51-5.78 (1) (2) (3) (4) (5), 2005 2005 1 1 2005 2004 400IU10ML R N 30R 18

2004 300IU3ML R N 30R 1000IU10ML R N 30R 2005 2005 2,, 3 2005 2000 4, 2 [2004]2427 2000 FDA 3 4 5 1 (1)2004 4 13 19

2004 2003 2003 2003 2003 2003 36,134,507.19,, 10% 4,563,763.65, 5% 2,281,881.82, 203,387,912.24, 232,676,773.96 2003 2003 30 2004 2003 2004 5 17 (2)2004 4 26 2004 (3)2004 8 17 2004 (4)2004 10 26 2004 2 20

2004 Zhonghongxin Jianyuan Certified Public Accountants [2003]56 2004 2004 12 31 8,658 785 3,138 6,380 86 267 72 2,698 23,883 2004 12 31 4,000 1 2 21

2004 : : 7,521 1,137 8,658 3,577 439 3,138 3,384 2,599 785 6,380 6,380 207 121 86 151 79 72 267 267 2,459 239 2,698 0 1,799 2004 12 31 42.24% 2003 8 1 2005 7 31 2003 8 27 12004 4 13 2003 2003 22004 4 26 2004 32004 8 17 2004 42004 10 26 2004 22

2004 2004 2004 1 2 3 23

2004 4 : : 2003-08-01 40,000,000 2003-08-012005-07-31 40,000,000 40,000,000 42.24% 2003 8 28 5 6 5% 5% 30 2004 12 31 86,580,107.20 63,800,000.00 7,854,126.01 35,440,130.59 24

2004 25

2004 Zhonghongxin Jianyuan Certified Public Accountants 2005 [2175] 2004 12 31 2004 2004 2004 12 31 2004 26

2004 1992 12 18 199276 220000103142 254 315 2005 12 31 1 2 1 1 12 31 3 4 5 27

2004 6 7 1 2 10% 8 1 a b c 2 1 5 1 2 7 2 3 8 % 28

2004 3 4 20 4 5 30 5 50 9 1 2 3 10 1 2 20% 20% 20% 20% 3 4 5 29

2004 6 a b c d e a b c d (7) 11 1 2000 2 3 4 5% % % 1230 5 3.17-7.92 10 5 9.50 10 5 9.50 8 5 11.88 10 5 9.50 30

2004 5 a b c d e 6 12 a 3 b c 13 1 10 31

2004 2 a b c a b c d 14 1 2 15 1 32

2004 2 3 4 16 1 2 3 17 18 1 199511 962 33

2004 2 50% 50% 1 17% 2 1% 5% 3 3% 4 [2001]38 2002 15% 1995 268 15% % 1 12,000 74.00 2 350 100.00 3 300 100.00 4 500 100.00 6 260 100.00 7 300 85.00 34

2004 8 1,600 80.00 9 5,000 90.00 10 700 100.00 11 1,000 95.00 12 4,220 79.80 13 100 90.00 61 14 2,600 23.077% 1 2002 950 95% 2004 2 2003 3,370 79.80% 2004 3 90 90.00% 2004 11 26 110302177989741 2004 4 2004 2005 1 27 5 2004 11 6 4,000 500 [2004]53 7 600 23.077% 35

2004 1 4,128,684.52 14,298,904.94 2004.12.31 2003.12.31 25,960.21 46,321.16 14,272,944.73 4,082,363.36 14,298,904.94 4,128,684.52 10,170,220.42 2.46 2004 2 A 2004.12.31 2003.12.31 146,666,537.95 37.76% 7,301,466.81 5% 139,365,071.14 189,407,600.99 51.36% 9,393,673.31 5% 180,013,927.68 92,933,876.55 23.92% 6,292,437.37 7% 86,641,439.18 29,086,039.47 7.89% 2,379,070.45 7% 26,706,969.02 21,150,362.75 5.44% 1,692,029.01 8% 19,458,333.74 39,171,464.21 10.62% 2,846,730.67 8% 36,324,733.54 127,808,608.31 32.88% 53,513,759.2220-50% 74,294,849.09 111,142,012.32 30.13% 35,684,200.5420-50% 75,457,811.78 388,559,385.56 100% 68,799,692.41 319,759,693.15 368,807,116.99 100% 50,303,674.97 318,503,442.02 B 2004.12.31 2003.12.31 38,409,274. 9.89% 55,480,052.42 15.04% 63 C 5% 5% D 20,229,752.71 3 A 36

2004 2004.12.31 2003.12.31 152,437,017.5 2 51.71% 7,621,799.85 5% 144,815,217.67 192,416,245.53 60.99% 2,288,528.46 5% 190,127,717.07 53,783,289.93 18.24% 3,764,830.29 7% 50,018,459.64 40,366,520.77 12.80% 931,728.42 7% 39,434,792.35 18,802,131.40 6.38% 1,386,086.87 8% 17,416,044.53 6,507,607.28 2.06% 292,608.59 8% 6,214,998.69 69,768,982.71 23.67% 33,086,056.8320-50% 36,682,925.88 76,188,999.67 24.15% 1,047,486.8320-50% 75,141,512.84 294,791,421.5 6 100% 45,858,773.84 248,932,647.72 315,479,373.25 100% 4,560,352.30 310,919,020.95 B 2004.12.31 2003.12.31 222,777,766.36 75.57% 233,214,644.21 73.92% C 5% 5% 2004.12.31 86,580,107.20 1 D 2004 12 31 86,580,107.20 63,800,000.00 7,854,126.01 2004 35,440,130.59 E 216,594,342.89 5 4 A 2004.12.31 2003.12.31 12,704,529.69 75.87% 15,941,458.94 53.88% 37

2004 866,347.32 5.17% 7,155,376.20 24.18% 614,215.82 3.67% 2,621,763.17 8.86% 2,560,718.79 15.29% 3,869,017.90 13.08% 16,745,811.62 100.00% 29,587,616.21 100.00% B 12,841,804.59 43.40% C 5% 5% D 4,041,281.93 E 5 2004.12.31 2003.12.31 84,440,145.61 40,672,066.06 63,048,320.05 44,841,429.36 1,494,247.39 11,681,651.25 556,515.67 82,587.65 13,909,293.80 140,598,340.51 94,760.38 6,333,671.92 126,556,348.63 38

2004 6 A 1 200,000.00 200,000.00 200,000.00 200,000.00 2 237,094,401.29 237,094,401.29 8,936,984.26 23,756,309.86 222,275,075.69 222,275,075.69 43,200,000.00 43,200,000.00 900,000.00 44,100,000.00 44,100,000.00 193,894,401.29 193,894,401.29 8,036,984.26 23,756,309.86 178,175,075.69 178,175,075.69 4,833,381.80 4,833,381.80 1,068,460.03 3,764,921.77 3,764,921.77 242,127,783.09 242,127,783.09 8,936,984.26 24,824,769.89 226,239,997.46 226,239,997.46 1 900,000.00 6,000,000.00 1,938,667.47 98,316.79 2 23,756,309.86 1,068,460.03 39

2004 B % 49.00% 15 6,660,000.00 21,562,992.09 1,938,667.47 16,841,659.56 23,501,659.56 42.24% 10 34,080,399.70 44,655,393.87 98,316.79 10,673,310.96 44,753,710.66 0.60% 200,000.00 200,000.00 200,000.00 95.00% 9,500,000.00 9,500,000.00 9,500.000.00 - - 24.06% 126,666,880.00 127,676,015.33 23,756,309.86 22,747,174.53 103,919,705.47 79.80% 33,700,000.00 33,700,000.00 33,700,000.00 23.077% 6,000,000.00 6,000,000.00 6,000,000.00 90.00% 900,000.00 900,000.00 900,000.00 217,707,279.70 237,294,401.29-14,819,325.60 4,767,795.99 222,475,075.69 a 2004 [2005]16 49% 1,938,667.47 b 2004 [2005]GF 0006 42.24% 98,316.79 c 2004 24.06% -23,756,309.86 d 600 23.077% e 90 90.00% 2004 11 26 40

2004 110302177989741 2004 C 5,519,600.30 2,207,840.12 551,960.03 1,655,880.09 10 5,165,000.00 2,625,541.68 516,500.00 2,109,041.68 10 10,684,600.30 4,833,381.80 1,068,460.03 3,764,921.77 D 17.68% 7 2003.12.31 2004.12.31 495,431,559.95 53,405,708.39 1,998,794.64 546,838,473.70 30,310,125.65 2,359,773.35 3,066,848.64 29,603,050.36 8,654,243.08 1,139,372.80 1,138,747.56 8,654,868.32 282,129,789.35 41,694,811.87 642,258.02 323,182,343.20 3,504,177.51 1,265,646.26 4,769,823.77 820,029,895.54 99,865,312.67 6,846,648.86 913,048,559.35 2003.12.31 2004.12.31 63,632,257.43 16,020,529.46 113,987.93 79,538,798.96 9,994,689.45 12,046,588.14 890,032.75 21,151,244.84 5,093,543.18 1,213,298.81 217,909.24 6,088,932.75 78,670,829.24 15,255,567.64 222,451.81 93,703,945.07 1,192,083.11 314,352.05 1,506,435.16 158,583,402.41 44,850,336.10 1,444,381.73 201,989,356.78 41

2004 2003.12.31 2004.12.31 431,799,302.52 467,299,674.74 20,315,436.20 8,451,805.52 3,560,699.90 2,565,935.57 203,458,960.11 229,478,398.13 2,312,094.40 3,263,388.61 661,446,493.13 711,059,202.57 2003.12.31 2004.12.31 19,060,498.19 19,060,498.19 3,828,128.06 233,417.82 3,594,764.24 514,870.07 514,870.07 4,308,107.83 386,600.00 3,921,507.83 632,035.64 632,035.64 28,343,693.79 620,017.82 27,723,675.97 2003.12.31 2004.12.31 412,738,804.33 448,239,176.55 16,487,254.14 4,857,041.28 3,045,829.83 2,051,065.50 199,150,852.28 225,556,890.30 1,680,058.76 2,631,352.97 633,102,799.34 683,335,526.60 A 8,511,430.94 B 9,289 8 2003.12.31 2004.12.31 442,022.25 442,022.25 171,434.30 171,434.30 GMP 5,148,606.18 830,280.63 1,909,742.11 4,069,144.70 % 42

2004 2,200,000.00 2,200,000.00 89,971,279.4614,689,292.31 104,660,571.77 16,690.00 62.71% 2,602,844.29 1,983,331.01 4,586,175.30 7,731,410.00 7,731,410.00 750,000.00 750,000.00 99.00 14,212,179.00 14,212,179.00 120,000.00 120,000.00 113,341.80 50,000.00 21,520.94 141,820.86 87,459.90 829,074.35 916,534.25 53,295.00 53,295.00 8,500.00 2,000.00 8,500.00 2,000.00 121,149.89 121,149.89 98,945,938.8938,585,386.18 8,511,430.94 4,723,198.66124,296,695.47 1,983,331.01 9 2003.12.31 2004.12.31 1 4,873,888.00 2,113,748.97 97,477.80 2,857,616.83 2,016,271.1739 41 7 2 655,995.00 571,231.84 14,577.60 99,340.76 556,654.24 3( ) 536,000.00 493,120.00 10,720.00 53,600.00 482,400.0045 4( ) 3,359,200.00 2,821,712.00 67,184.00 604,672.00 2,754,528.0041 5 1,566,011.00 1,076,474.56 40,992.84 530,529.28 1,035,481.7244 19 9 6 1,854,760.00 1,749,375.85 84,307.32 189,691.47 1,665,068.53 400,000.00 133,349.32 66,666.68 333,317.36 66,682.641 1,058,000.00 158,700.11 105,800.04 1,005,099.93 52,900.076 25,000,000.00 12,500,000.20 2,499,999.9614,999,999.76 10,000,000.244 4,215,664.12 4,047,037.51 84,313.32 252,939.93 3,962,724.1947 1 215,000.00 174,778.42 24,038.85 64,260.43 150,739.576 2 2 10 2 80,680.00 68,354.65 9,636.00 21,961.35 58,718.65 3 63,056.00 63,056.00 5,780.17 5,780.17 57,275.839 1 200,000.00 159,999.96 20,000.04 60,000.08 139,999.927 120,000.00 96,000.00 12,000.00 36,000.00 84,000.007 400,000.00 360,000.04 39,999.96 79,999.92 320,000.088 500,000.00 449,999.96 50,000.04 100,000.08 399,999.928 125,000.00 112,499.96 90,000.00 13,333.04 25,750.08 189,166.928 5,300.00 4,769.96 530.04 1,060.08 4,239.928 43

2004 E-SM PROP 7,500.00 6,000.00 1,500.00 3,000.00 4,500.008 3,435,085.00 1,803,419.53 343,508.52 1,975,173.99 1,459,911.014 3 9,600.00 9,600.00 1,920.00 1,920.00 7,680.004 390,964.00 390,964.00 7,819.28 7,819.28 383,144.7249 188,000.00 188,000.00 18,800.00 18,800.00 169,200.009 169,000.00 169,000.00 3,380.00 3,380.00 165,620.0049 3,550,000.00 3,195,000.04 354,999.96 709,999.92 2,840,000.08 8 150,000.00 135,000.00 15,000.00 30,000.00 120,000.00 8 166,200.00 166,200.00 2,770.00 2,770.00 49 2 163,430.00 700,000.00 700,000.00 23,333.00 23,333.00 9 8 676,667.00 250,000.00 250,000.00 2,083.00 2,083.00 9 11 247,917.00 280,000.00 280,000.00 2,333.00 2,333.00 9 11 277,667.00 520,000.00 520,000.00 4,333.00 4,333.00 9 11 515,667.00 480,000.00 480,000.00 4,000.00 4,000.00 9 11 476,000.00 400,000.00 400,000.00 3,333.00 3,333.00 9 11 396,667.00 49,500.00 49,500.00 825.00 825.00 4 11 48,675.00 11,600.00 11,600.00 193.00 193.00 4 11 11,407.00 12,000.00 12,000.00 12,000.00 5 55,998,003.12 31,238,761.03 4,771,731.850.00 4,037,488.4624,114,915.70 31,973,004.42 1,854,760.00 10 2004.12.31 2003.12.31 2004/05/08 2005/03/10 4.8675 13,000,000.00 4.8675 20,000,000.00 2004/05/08 2005/03/03 4.8675 13,000,000.00 4.8675 30,000,000.00 2004/04/30 2005/03/11 4.8675 15,000,000.00 4.8675 25,000,000.00 2004/04/30 2005/04/06 4.8675 15,000,000.00 4.8675 5,000,000.00 2004/04/30 2005/04/29 4.8675 5,000,000.00 4.8675 5,000,000.00 2004/04/30 2005/04/29 4.8675 6,000,000.00 4.8675 5,000,000.00 2004/04/29 2005/04/26 4.8675 15,000,000.00 4.8675 5,000,000.00 2004/04/29 2005/04/27 4.8675 12,000,000.00 4.8675 10,000,000.00 2004/04/29 2005/04/28 4.8675 12,000,000.00 4.8675 5,000,000.00 2004/04/14 2005/04/13 4.8675 12,000,000.00 4.8675 15,000,000.00 2004/04/12 2005/04/11 4.8675 5,000,000.00 4.8675 4,000,000.00 2004/03/31 2005/03/28 4.8675 15,000,000.00 4.8675 7,000,000.00 2004/02/26 2005/02/25 4.8675 20,000,000.00 4.6200 8,000,000.00 2004/02/04 2005/02/03 4.8675 8,000,000.00 4.9410 90,000,000.00 2004/04/08 2005/04/07 4.8675 11,000,000.00 5.3100 500,000.00 2004/09/02 2005/09/02 5.7525 1,500,000.00 5.8410 3,000,000.00 2004/10/25 2005/10/10 5.7525 1,000,000.00 5.7500 700,000.00 2004/10/30 2005/10/29 4.8675 2,000,000.00 5.4600 11,000,000.00 181,500,000.00 249,200,000.00 4,150 44

2004 11 2004.12.31 2003.12.31 % 30,573,782.82 67.62% 28,241,266.24 69.39% 7,035,758.63 15.56% 4,888,224.45 12.01% 2,835,526.67 6.27% 4,900,803.83 12.04% 4,765,784.90 10.55% 2,669,458.92 6.56% 45,210,853.02 100.00% 40,699,753.44 100.00% A 5% 5% B 4,765,784.90 10.54% C 3,723,800.00 1,014,293.64 1,077,050.00 5,815,143.64 12 2004.12.31 2003.12.31 8,208,091.79 87.37% 5,009,819.68 79.69% 1,028,286.40 10.94% 712,013.23 11.33% 500.00 0.01% 412,059.03 6.55% 157,603.64 1.68% 152,603.64 2.43% 9,394,481.83 100.00 6,286,495.58 100.00% A 5% 5% B 4,948,461.24 838,000.00 5,786,461.24 45

2004 13 2004.12.31 2003.12.31 9,325,690.44 9,403,757.91 14 2004.12.31 2003.12.31 34,380,925.02 24,351,181.77 230,141.78 158,920.97 513,631.29 12,112.38 4,298.00-1,171.12-17,986,309.11-16,241,056.78 26,403.26 39,306.98 137,025.77 44,409.11-122,914.68 31,296.48 50.00 50.00 17,183,251.33 8,395,049.79 2004 8,788,201.54 1.05 10,029,743.25 15 226,049.48 221,825.67 417,424.97 200,368.58 14,100.02 643,474.45 436,294.27 46

2004 16 2004.12.31 2003.12.31 16,898,306.72 63.78% 19,332,925.33 67.93% 3,522,262.50 13.30% 4,712,640.88 16.56% 2,872,942.89 10.84% 1,676,275.62 5.89% 3,199,141.17 12.08% 2,736,815.25 9.62% 26,492,653.28 100.00% 28,458,657.08 100.00% A 5% 5% B 3,199,141.17 C 1,109,690.09 8,800,000.00 850,000.00 10,759,690.09 D 17 2004.12.31 2003.12.31 2003/10/23 2005/10/22 4.9410 90,000,000.00 90,000,000.00 18 1 2002/08/01 2007/08/01 7.3656% 49,500,000.00 7.3656% 49,500,000 2004/01/07 2006/01/07 5.8410% 50,000,000.00 99,500,000.00 49,500,000 1 5,139 47

2004 19 830,479.41 1,246,901.08 150,000.00 830,479.41 1,396,901.08 20 (+) (-) 166,795,756.00 166,795,756.00 166,795,756.00 166,795,756.00 166,795,756.00 166,795,756.00 157,697,280.00 157,697,280.00 324,493,036.00 324,493,036.00 21 739,436,037.93 739,436,037.93 1,686,795.00 1,686,795.00 741,122,832.93 741,122,832.93 22 70,581,691.30 1,269,585.01 71,851,276.31 30,616,943.12 634,792.50 31,251,735.62 23,575,887.60 23,575,887.60 124,774,522.02 1,904,377.51 126,678,899.53 48

2004 23 2004 2003 167,778,166.76 203,387,912.24-78,249,031.51 36,134,507.19 1,269,585.01 4,563,763.65 634,792.50 2,281,881.82 64,898,607.20 87,624,757.74 167,778,166.76 24 A 172,963,941.47 67,893,216.84 104,066,725.33 75.59% 134,879,275.62 100,601,153.54 33,597,043.05 24.41% 6,734,081.44 2,905,835.68 3,791,384.61 2.75% 307,843,217.09 168,494,370.38 137,663,768.38 100% 307,843,217.09 168,494,370.38 137,663,768.38 100% A 96,398,465.68 29,696,737.54 15,831,535.15 3,206,968.47 12,036,979.02 16,304,719.43 8,125,446.48 3,077,503.27 49 66,142,166.47 12,532,669.78-4,337,611.15 5,000,777.64 48.05% 9.10% -3.15% 3.63% 30R 7,376,260.33 1,997,726.40 3.87%

2004 5,335,717.14 134,879,275.62 100,601,153.54 33,597,043.05 24.41% 33,195,254.81 13,609,561.73 19,393,005.45 307,843,217.09 168,494,370.38 137,663,768.38 14.09% 100.00% C 122,582,338.29 82,400,066.47 39,511,278.18 28.70% 81,053,981.46 49,622,692.69 30,987,613.87 22.51% 38,838,435.03 14,380,204.50 24,245,635.93 17.61% 826,151.72 262,666.69 558,962.82 0.41% 3,042,864.93 760,716.22 2,265,492.62 1.65% 29,535,276.79 9,930,470.58 19,443,135.42 14.12% 23,838,722.39 8,060,049.95 15,648,183.57 11.37% 8,125,446.48 3,077,503.28 5,003,465.97 3.63% 307,843,217.09 168,494,370.38 137,663,768.38 100.00% D 10% 96,398,465.68 29,696,737.54 69.19% 96,398,465.68 29,696,737.54 E 33,668,029.92 20.09% 67,968,733.46 22.08% 25 50

2004 2004 2003 865,053.67 695,472.36 711,981.19 925,993.62 108,043.47 185,892.50 1,685,078.33 1,807,358.48 26 8,299,066.44 5,100,698.66 3,198,367.78 8,299,066.44 5,100,698.66 3,198,367.78 27 64,797,287.59 1.15 59,794,438.98 35,440,130.59 28 2004 2003 17,362,606.21 5,961,036.11 2,379,375.95 2,205,025.29 56,032.25-611,764.09 26,746.24 131,983.98 29 15,066,008.75 3,276,230.71 2004 2003-23,943,480.91 6,724,424.37-1,068,460.03-1,068,460.03-25,011,940.94 5,655,964.34 51

2004 A 2004 [2005]16 49% 1,938,667.47 B 2004 [2005]GF 0006 42.24% 98,316.79 C 2004 24.06% -23,756,309.86 D 2004-2,212,765.94 E 2004 11 5-11,389.37 30 2004 84,166,968.82 2004 29,342,185.78 1,980,030.00 2,000,000.00 5,207,679.77 1,110,856.48 19,804,109.42 52

2004 1 2004.12.31 2003.12.31 69,566,429.87 27.69% 3,478,321.49 5% 66,088,108.38 110,425,035.18 44.60% 5,527,539.60 5% 104,897,495.58 57,219,525.14 22.77% 4,005,366.76 7% 53,214,158.38 10,303,127.78 4.16% 721,218.94 7% 9,581,908.84 9,128,633.77 3.63% 730,290.70 8% 8,398,343.07 18,950,874.42 7.65% 1,516,069.95 8% 17,434,804.47 115,391,074.02 45.91% 50,816,244.74 20-50% 64,574,829.28 107,910,567.49 43.59% 35,284,858.06 20-50% 72,625,709.43 251,305,662.80 100% 59,030,223.69 192,275,439.11 247,589,604.87 100% 43,049,686.55 204,539,918.32 2 2004.12.31 2003.12.31 170,212,577.14 41.36% 6,962,672.32 5% 163,249,904.82 193,707,179.10 40.13% 1,604,527.10 5% 192,102,652.00 63,719,773.90 15.49% 3,213,348.50 7% 60,506,425.40 63,171,035.46 13.09% 589,732.09 7% 62,581,303.37 39,938,885.15 9.71% 1,056,044.51 8% 38,882,840.64 67,182,034.37 13.91% 204,873.90 8% 66,977,160.47 137,607,562.87 33.44% 31,487,516.41 20-50% 106,120,046.46 158,657,008.88 32.87% 857,656.01 20-50% 157,799,352.87 411,478,799.06 100% 42,719,581.74 368,759,217.32 482,717,257.81 100% 3,256,789.10 479,460,468.71 3 A 1 200,000.00 200,000.00 200,000.00 200,000.00 53

2004 2 349,102,678.71 349,102,678.71 54,588,903.67 26,421,500.74 377,270,081.64 377,270,081.64 155,208,277.42 155,208,277.42 46,551,919.41 2,665,190.88 199,095,005.95 199,095,005.95 193,894,401.29 193,894,401.29 8,036,984.26 23,756,309.86 178,175,075.69 178,175,075.69 4,833,381.80 4,833,381.80 1,068,460.03 3,764,921.77 3,764,921.77 354,136,060.51 354,136,060.51 54,588,903.67 27,489,960.77 381,235,003.41 381,235,003.41 B 200,000.00 200,000.00 200,000.00 49.00% 15 6,660,000.00 21,562,992.09 1,938,667.47 16,841,659.56 23,501,659.56 42.24% 10 34,080,399.70 44,655,393.87 98,316.79 10,673,310.96 44,753,710.66 0.60% 95.00% 9,500,000.00 9,500,000.00 9,500,000.00 - - 23,756,309.86 22,747,174.53 103,919,705.47 23.077% 6,000,000.00 6,000,000.00 6,000,000.00 90% 5,000,000.00 40,000,000.00 10,262,105.68 38,945,960.26 44,208,065.94 49,208,065.94 100% 7,835,000.00 3,005,151.13-1,350,064.48-6,179,913.35 1,655,086.65 74.00% 88,800,000.00 98,741,020.61 5,390,832.75 15,331,853.36 104,131,853.36 54

2004 90.00% 900,000.00 900,000.00 900,000.00 319,342,279.70 40,000,000.00 349,302,678.71 28,167,402.93 58,127,801.94 377,470,081.64 C 5,519,600.30 2,207,840.12 551,960.03 1,655,880.09 10 5,165,000.00 2,625,541.68 516,500.00 2,109,041.68 10 10,684,600.30 4,833,381.80 1,068,460.03 3,764,921.77 D 4,000 500 [2004]53 4 A 150,973,040.32 60,951,487.63 89,318,023.02 100% 6,734,081.44 2,905,835.68 3,791,384.61 4.24% 150,973,040.32 60,951,487.63 89,318,023.02 100% 150,973,040.32 60,951,487.63 703,529.67 100% B 96,398,465.68 29,696,737.54 66,252,514.29 74.18% 15,831,535.15 3,206,968.47 12,550,792.22 14.05% 12,036,979.02 16,304,719.43-4,323,832.36-4.84% 8,125,446.48 3,077,503.27 5,010,078.88 5.61% 55

2004 30R 7,376,260.33 1,997,726.40 5,344,160.79 5.98% 11,204,353.66 150,973,040.32 6,667,832.52 4,484,309.20 5.02% 60,951,487.63 89,318,023.02 100.00% B 38,581,732.84 23,706,394.18 14,695,548.99 16.45% 26,206,814.52 8,445,624.46 17,639,067.12 19.75% 30,716,676.90 10,083,889.44 20,489,648.70 22.94% 20,438,444.79 6,712,355.70 13,630,846.57 15.26% 26,903,924.79 8,925,720.57 17,852,832.77 19.99% 8,125,446.48 3,077,503.28 5,010,078.87 5.61% 150,973,040.32 60,951,487.63 89,318,023.02 100.00% D 10% 96,398,465.68 29,696,737.54 69.19% 15,831,535.15 3,206,968.47 79.74% 112,230,000.83 32,903,706.01 E 21,872,063.09 56.58% 65,103,521.17 43.12% 5 2004 2003-17,696,255.18 6,852,728.57-1,068,460.03-1,068,460.03-18,764,715.21 5,784,268.54 56

2004 1 2 259,000,000.00 259,000,000.00 120,000,000.00 120,000,000.00 16,000,000.00 16,000,000.00 3,000,000.00 3,000,000.00 3,500,000.00 3,500,000.00 3,000,000.00 3,000,000.00 2,600,000.00 2,600,000.00 5,000,000.00 5,000,000.00 5,000,000.00 45,000,000.00 50,000,000.00 7,000,000.00 7,000,000.00 57

2004 10,000,000.00 10,000,000.00 42,200,000.00 42,200,000.00 1,000,000.00 1,000,000.00 3 % % 15,822.00 48.76 59.00 15,881.00 48.94 500.00 100.00 4,000.00 4,500.00 90.00 8,880.00 74.00 8,880.00 74.00 1,280.00 80.00 1,280.00 80.00 255.00 85.00 255.00 85.00 350.00 100.00 350.00 100.00 300.00 100.00 300.00 100.00 260.00 100.00 260.00 100.00 50.00 100.00 50.00 100.00 500.00 100.00 500.00 100.00 700.00 100.00 700.00 100.00 950.00 95.00 950.00 95.00 3,370.00 79.80 3,370 79.80 90.00 90.00 90.00 4 58

2004 5 A a b [2001]64 c [2001]64 d B 2004 2004 2003 3,448,808.30 3,851,134.63 7,979,692.97 13,302,092.11 5,946,890.73 943,398.91 15,198,375.56 38,057,862.96 8,167,082.92 16,902,427.06 C 2004 2004 2003 6,734,081.44 78,643,604.67 D 2004.12.31 2003.12.31 59

2004 2,666,680.00 2,666,680.00 17,563,072.71 34,254,000.00 20,229,752.71 36,920,680.00 86,580,107.20 75,210,667.27 31,379,245.94 35,766,336.42 7,854,126.01 33,847,772.58 63,800,000.00 63,800,000.00 26,980,863.74 24,589,867.94 216,594,342.89 233,214,644.21 E 2004 12 31 86,580,107.20 1 2,075,574.45 1 2004 12 31 86,580,107.20 63,800,000.00 7,854,126.01 35,440,130.59 2 4,000 (2005 4 13 ) (2005 4 13 ) 60

2004 2004 2005 1 27 2005 4 13 / / 137,663,768.38 10.76 10.32 0.4242 0.4242-46,045,856.99-3.60-3.45-0.1419-0.1419-78,249,031.51-6.11-5.87-0.2411-0.2411-80,444,918.45-6.29-6.03-0.2479-0.2479-2,075,574.45-2,075,574.45 : 379,388.68 379,388.68 : 253,631.79 253,631.79 : 5,444.40 5,444.40 2,195,886.94 61

2004 62

20041231 : 4,128,684.52 14,298,904.94 738,221.82 11,586,113.13 12,998,923.09 12,998,923.09 318,503,442.02 319,759,693.15 204,539,918.32 192,275,439.11 310,919,020.95 248,932,647.72 479,460,468.71 368,759,217.32 29,587,616.21 16,745,811.62 19,880,927.79 6,946,986.94 126,556,348.63 140,598,340.51 67,135,822.54 76,742,449.19 789,695,112.33 740,335,397.94 784,754,282.27 669,309,128.78 : 242,127,783.09 226,239,997.46 354,136,060.51 381,235,003.41 242,127,783.09 226,239,997.46 354,136,060.51 381,235,003.41 : 820,029,895.54 913,048,559.35 547,711,279.73 642,948,475.22 : 158,583,402.41 201,989,356.78 103,139,339.61 131,849,893.86 661,446,493.13 711,059,202.57 444,571,940.12 511,098,581.36 28,343,693.79 27,723,675.97 28,343,693.79 27,723,675.97 633,102,799.34 683,335,526.60 416,228,246.33 483,374,905.39 15,170.50 67,449.78 15,170.50 67,449.78 98,945,938.89 124,296,695.47 98,241,319.94 123,061,895.47 732,063,908.73 807,699,671.85 514,484,736.77 606,504,250.64 : 31,238,761.03 31,973,004.42 24,842,330.97 24,380,938.04 31,238,761.03 31,973,004.42 24,842,330.97 24,380,938.04 : 1,795,125,565.18 1,806,248,071.67 1,678,217,410.52 1,681,429,320.87

20041231 : 249,200,000.00 181,500,000.00 234,000,000.00 166,000,000.00 40,699,753.44 45,210,853.02 17,331,464.12 14,751,766.20 6,286,495.58 9,394,481.83 868,989.52 1,479,654.92 75,069.25 38,159.10 9,403,757.91 9,325,690.44 7,603,121.63 7,419,674.88-8,395,049.79 17,183,251.33-2,112,754.63 2,675,592.38 436,294.27 643,474.45 330,564.43 418,051.73 28,458,657.08 26,492,653.28 12,527,467.74 19,265,054.56 96,673.84 90,000,000.00 90,000,000.00 343,051,751.16 379,788,563.45 270,548,852.81 302,009,794.67 : 49,500,000.00 99,500,000.00 49,500,000.00 99,500,000.00 1,396,901.08 830,479.41 50,896,901.08 100,330,479.41 49,500,000.00 99,500,000.00 : 393,948,652.24 480,119,042.86 320,048,852.81 401,509,794.67 43,008,355.23 46,209,502.60 : 324,493,036.00 324,493,036.00 324,493,036.00 324,493,036.00 324,493,036.00 324,493,036.00 324,493,036.00 324,493,036.00 741,122,832.93 741,122,832.93 741,122,832.93 741,122,832.93 124,774,522.02 126,678,899.53 115,186,570.84 115,186,570.84 : 30,616,943.12 31,251,735.62 28,282,083.67 28,282,083.67 167,778,166.76 87,624,757.74 177,366,117.94 99,117,086.43 1,358,168,557.71 1,279,919,526.20 1,358,168,557.71 1,279,919,526.20 1,795,125,565.18 1,806,248,071.67 1,678,217,410.52 1,681,429,320.87

2004 307,843,217.09 298,697,946.39 150,973,040.32 177,085,480.22 168,494,370.38 151,128,464.61 60,951,487.63 71,675,505.76 1,685,078.33 1,807,358.48 703,529.67 852,342.91 137,663,768.38 145,762,123.30 89,318,023.02 104,557,631.55 3,198,367.78 1,803,537.76 2,579,643.20 1,273,117.73 50,875,315.30 48,187,852.96 35,780,121.98 29,337,236.84 120,966,669.10 56,169,381.51 100,403,110.87 37,749,179.92 15,066,008.75 3,276,230.71 14,316,657.73 2,877,594.76-46,045,856.99 39,932,195.88-58,602,224.36 35,866,737.76-25,011,940.94 5,655,964.34-18,764,715.21 5,784,268.54 379,388.68 372,754.09 295,624.57 160,989.75 253,631.79 832,492.44 87,710.35 795,427.65-70,932,041.04 45,128,421.87-77,159,025.35 41,016,568.40 3,863,898.38 6,943,686.03 1,090,006.16 4,882,061.21 3,453,092.09 2,050,228.65-78,249,031.51 36,134,507.19-78,249,031.51 36,134,507.19 167,778,166.76 203,387,912.24 177,366,117.94 211,550,394.03 89,529,135.25 239,522,419.43 99,117,086.43 247,684,901.22 1,269,585.01 4,563,763.65 3,613,450.72 634,792.50 2,281,881.82 1,806,725.36 87,624,757.74 232,676,773.96 99,117,086.43 242,264,725.14 64,898,607.20 64,898,607.20 87,624,757.74 167,778,166.76 99,117,086.43 177,366,117.94 ( ) ( ) ( ) ( )

2004 331,932,918.52 163,210,929.17 303,801.50 275,694.28 332,236,720.02 163,486,623.45 176,447,333.29 64,585,277.70 31,956,977.91 18,526,352.43 26,500,136.40 16,119,120.00 84,166,968.82 52,501,095.82 319,071,416.42 151,731,845.95 13,165,303.60 11,754,777.50 28,000.00 28,000.00 28,000.00 28,000.00 49,077,145.95 47,445,691.21 6,900,000.00 6,900,000.00 55,977,145.95 54,345,691.21-55,949,145.95-54,317,691.21 242,500,000.00 238,000,000.00 242,500,000.00 238,000,000.00 170,200,000.00 166,000,000.00 19,345,937.23 18,589,194.98 189,545,937.23 184,589,194.98 52,954,062.77 53,410,805.02 10,170,220.42 10,847,891.31

2004-78,249,031.51-78,249,031.51 3,453,092.09 59,794,438.98 55,443,329.78 44,850,336.10 29,025,798.73 4,037,488.46 3,408,692.93-96,673.84-243,374.85-223,592.48 87,978.31 17,362,606.21 16,605,863.96 25,011,940.94 18,764,715.21-14,041,991.88-9,606,626.65-48,493,757.70-18,034,080.49-307,747.71-5,380,291.98 13,165,303.60 11,754,777.50 14,298,904.94 11,586,113.13 4,128,684.52 738,221.82 10,170,220.42 10,847,891.31

2004 2003.12.31 2004.12.31 54,864,027.27 59,794,438.98 114,658,466.25 50,303,674.97 18,496,017.44 66,684,097.03 4,560,352.30 41,298,421.54 47,974,369.22 28,343,693.79 620,017.82 620,017.82 27,723,675.97 19,060,498.19 19,060,498.19 3,828,182.06 233,417.82 233,417.82 3,594,764.24 5,008,999.53 386,600.00 386,600.00 4,622,399.53 446,014.01 446,014.01 83,207,721.06 59,794,438.98 620,017.82 620,017.82 142,382,142.22

2004 46,306,475.65 55,443,329.78 101,749,805.43 43,049,686.55 15,980,537.14 56,914,628.31 3,256,789.10 39,462,792.64 44,835,177.12 28,343,693.79 620,017.82 620,017.82 27,723,675.97 19,060,498.19 3,828,182.06 5,008,999.53 19,060,498.19 233,417.82 233,417.82 3,594,764.24 386,600.00 386,600.00 4,622,399.53 446,014.01 446,014.01 74,650,169.44 55,443,329.78 620,017.82 620,017.82 129,473,481.40