2004 2005 3 30

2004 2005 3 28 1

2004...3...6...6...6...7...7...11...12...13...13...15...30...30...31...33 2

2004 260104 2004 6 25 1,611,540,853.02 1 2 3

2004 4 = 80% 20% 1093 16 518031 0755 82370388-879 0755 25987352 xxpl@invescogreatwall.com 0755-82370688 www.invescogreatwall.com 23 100 100037 010-68424199 010-68424181 www.abchina.com

2004 325 202 11 Kent Watson 021-61238888 021-61238800 1093 16 0755 82370388 283 0755 25987239 5

2004 2004 6 25 2004 12 31 32,414,320.15 0.020 27,002,141.87 0.017 1,647,360,598.01 1.022 1.48% 2.20% 2.20% 1 1-32 - 4 1 2 3 4 3-2.85% 0.73% -8.06% 0.97% 5.21% -0.24% 6 2.20% 0.73% -7.90% 1.11% 10.10% -0.38% 2.20% 0.72% -9.76% 1.11% 11.96% -0.39% 6

2004 2 10.00% 5.00% 0.00% -5.00% -10.00% -15.00% 2004 6 25 2004 10 25 : 2004 6 25 3 2004 6 25 2004 12 31 2004 6 25 2004 12 31 2003 76 ( ) 33% 33% 17% 17% 2004 12 31 7

2004 IT 7 2003 2004 4 16.3% 2004 2004 4 2004 9 13 1266.50 2004 6 25 2004 9 2004 2.2% -9.76% 95 8

2004 2004 2005 8 9 2005 2004 A200 30% 2004 16.1 200 2005 13.4% 14.2 2005 A 1 2 3 9

2004 4 30 5 6 7 8 9 10 1 KPI(Key Performance Indicator ) KPI KPI KPI 2 11 12 10

2004 2004 6 25 2004 12 31 11

2004 (2005) 559 ( )2004 12 31 2004 6 25 ( ) 2004 12 31 2004 12 31 2004 6 25 ( ) 2004 12 31 2005 1 14 12

2004 1 2004 12 31 ( ) 2004 12 31 56,650,456.31 6,189,409.03 5 11,083,235.66 161,540.00 1,197,584,575.04 1,151,060,938.32 381,669,742.68 379,423,130.01 1,653,338,958.72 2,712,766.08 10,223.95 2,126,819.17 354,469.88 6 669,581.35 7 104,500.28 5,978,360.71 8 1,611,540,853.02 9 8,817,603.12 27,002,141.87 1,647,360,598.01 (2004 1.022 ) 1,653,338,958.72 13

2004 2 2004 6 25 ( ) 2004 12 31 ( ) 2004 6 25 ( ) 2004 12 31 10 34,707,650.56 11 1,992,567.26 4,853,004.21 5,048,767.90 3,178,380.26 913,441.30 12 2,161,186.32 52,854,997.81 (16,898,842.48) (2,816,473.76) (424,380.08) 13 (300,981.34) 170,000.00 100,000.00 (20,440,677.66) 32,414,320.15 /( ) 9 48,770,249.39 81,184,569.54 32,414,320.15 2,314,613.81 (7,726,792.09) 27,002,141.87-27,002,141.87 14

2004 3 2004 6 25 ( ) 2004 12 31 ( ) 2004 6 25 ( ) 2004 12 31 2,520,913,246.79 32,414,320.15 /( ) 48,770,249.39 81,184,569.54 673,863,976.36 - (1,628,601,194.68) (954,737,218.32) - 1,647,360,598.01 1 ( ) [2004] 37 ( 2004 10 20 ) 2004 5 25 2004 6 23 2004 6 25 15

2004 2,520,331,995.74 2,520,331,995.74 (2004) 106 581,025.05 581,251.05 (2004) 116 95% 70% 80% 2 3 (a) 2004 6 25 ( ) 2004 12 31 (b) (c) (d) 16

2004 /( ) (e) 17

2004 (f) (g) (h) 1.5% 0.25% (i) 1.000 18

2004 (j) /( ) /( ) /( /( ) /( ) /( ) /( ) (k) /( ) /( ) (l) 4 [2002]128 [2004]78 a b 2004 1 1 c 2004 1 1 19

2004 20% d 0.2% 5 2004 12 31 11,051,765.33 31,470.33 11,083,235.66 6 2004 12 31 233,351.85 198,031.27 196,832.72 41,365.51 669,581.35 7 2004 12 31 100,000.00 4,500.28 104,500.28 8 2004 6 25 ( ) 2004 12 31 (a) 2,520,331,995.74 2,520,331,995.74 (a) 581,251.05 581,251.05 (b) 666,171,754.27 666,171,754.27 20

2004 (b) (1,575,544,148.04) (1,575,544,148.04) 2004 12 31 1,611,540,853.02 1,611,540,853.02 a 2004 5 25 2004 6 23 2,520,331,995.74 581,251.05 581,251.05 b 2004 7 14 2004 8 27 9 /( )(a) /( ) 48,770,249.39-48,770,249.39-5,377,608.28 5,377,608.28 - (45,330,254.55) (45,330,254.55) 2004 12 31 48,770,249.39 (39,952,646.27) 8,817,603.12 (a) /( ) 2004 12 31 46,523,636.72 2,246,612.67 48,770,249.39 10 2004 6 25 ( ) 2004 12 31 21

2004 860,319,321.80 723,771.22 824,887,900.02 34,707,650.56 11 2004 6 25 ( ) 2004 12 31 420,507,796.98 5,207,756.40 413,307,473.32 1,992,567.26 12 2004 6 25 ( ) 2004 12 31 (a) 2,035,809.64 79,598.22 45,778.46 2,161,186.32 (a) 2004 8 24 2004 8 27 10% 25% 13 2004 6 25 ( ) 2004 12 31 170,000.00 100,000.00 11,809.90 22

2004 19,171.44 300,981.34 14 (a) ( ) ( ) (b) 2004 6 25 ( ) 2004 12 31 714,795,369.79 25.57% 566,952.07 25.39% 28,476,555.72 31.57% 390,000,000.00 13.50% 23

2004 (c) 1.5% X1.5% / 16,898,842.48 (d) 0.25% X 0.25% / 2,816,473.76 (e) 2004 12 31 56,650,456.31 5,048,767.90 f 15 2000 5 18 [2002]54 24

2004 2002 5 20 2004 12 31 2004/12 2004/12/ 2005/03 /22 31 /31 8.75 9.18 1,558,812 13,639,605.00 14,309,894.16 16 2005 3 15 / 2005 1 2005 3 21 2005 3 18 10 0.400 25

2004 56,650,456.31 3.43% 1,197,584,575.04 72.43% 381,669,742.68 23.09% 17,434,184.69 1.05% 1,653,338,958.72 100.00% A 0 0.00 0.00% B 23,788,997 154,724,948.64 9.39% C 57,321,753 514,027,503.84 31.20% C0 15,182,610 207,245,914.11 12.58% C1 0 0.00 0.00% C2 0 0.00 0.00% C3 0 0.00 0.00% C4 0 0.00 0.00% C5 0 0.00 0.00% C6 26,103,891 135,659,192.74 8.23% C7 8,464,590 89,603,339.22 5.44% C8 7,570,662 81,519,057.77 4.95% C99 0 0.00 0.00% D 14,914,931 131,102,243.49 7.96% E 0 0.00 0.00% F 16,106,595 219,254,722.66 13.31% G 8,112,529 54,986,356.01 3.34% H 1,198,082 55,351,388.40 3.36% I 0 0.00 0.00% J 10,263,548 53,986,262.48 3.28% K 1,325,014 14,151,149.52 0.86% L 0 0.00 0.00% M 0 0.00 0.00% 133,031,449 1,197,584,575.04 72.70% 26

2004 % 600900 14914931 131,102,243.49 7.96% 600009 6774757 103,111,801.54 6.26% 600028 19167409 83,569,903.24 5.07% 600018 5022038 76,535,859.12 4.65% 000729 5129942 60,943,710.96 3.70% 600600 6039137 58,458,846.16 3.55% 600320 N 6167601 56,618,577.18 3.44% 600519 1530830 56,089,611.20 3.40% 002024 1198082 55,351,388.40 3.36% 000002 10263548 53,986,262.48 3.28% 600005 10951722 44,354,474.10 2.69% 000538 2689307 41,980,082.27 2.55% 600026 4309800 39,607,062.00 2.40% 000423 4881355 39,538,975.50 2.40% 600583 1921588 37,567,045.40 2.28% 600019 6073746 36,442,476.00 2.21% 000063 1276429 34,067,890.01 2.07% 600188 2700000 33,588,000.00 2.04% 000898 5908423 33,559,842.64 2.04% 000541 2296989 32,984,762.04 2.00% 000869 2482701 31,753,745.79 1.93% 600660 3170000 21,302,400.00 1.29% 600050 6836100 20,918,466.00 1.27% 000888 1325014 14,151,149.52 0.86% 133031449 1,197,584,575.04 72.70% 27

2004 28 (%) 600900 177,778,397.78 10.79% 600009 137,676,947.97 8.36% 600028 125,335,733.76 7.61% 000002 95,774,406.08 5.81% 600795 90,636,385.37 5.50% 600005 84,243,715.44 5.11% 600019 83,098,191.44 5.04% 600188 79,631,584.22 4.83% 600018 74,652,806.28 4.53% 600600 67,873,647.49 4.12% 600050 67,167,653.65 4.08% 000898 63,148,225.71 3.83% 000729 59,528,413.93 3.61% 000039 59,290,416.71 3.60% 002024 54,680,719.12 3.32% 600320 N 53,572,290.47 3.25% 600519 52,329,478.79 3.18% 600020 47,991,217.74 2.91% 600011 45,697,193.05 2.77% 600012 44,561,095.78 2.70% 600026 43,479,844.34 2.64% 000423 40,073,577.87 2.43% 000488 39,077,390.54 2.37% 600597 38,933,184.57 2.36% 000538 38,749,491.34 2.35% 000541 35,515,913.08 2.16% 000063 33,648,963.11 2.04% 600583 33,350,658.42 2.02% 28

2004 20 (%) 600795 89,805,516.88 5.45% 000039 80,737,903.20 4.90% 600009 61,899,272.82 3.76% 600005 48,160,764.53 2.92% 600020 46,381,466.92 2.82% 600900 45,702,806.89 2.77% 000898 45,039,575.78 2.73% 000488 44,132,413.76 2.68% 600019 43,205,162.06 2.62% 600012 41,918,387.39 2.54% 600050 41,287,752.38 2.51% 000002 41,020,642.10 2.49% 600011 39,913,034.55 2.42% 600597 38,845,965.73 2.36% 600188 36,761,497.86 2.23% 600028 32,398,626.73 1.97% 600886 25,738,229.73 1.56% 002024 16,759,503.84 1.02% 600600 11,960,969.57 0.73% 000858 10,045,212.41 0.61% 1,975,948,838.34 860,319,321.80 ( ) 281,365,734.52 17.08% 0.00 0.00% 0.00 0.00% 0.00 0.00% 100,304,008.16 6.09% 381,669,742.68 23.17% 29

2004 ( ) GK0216 NF0401 02 16 127,754,254.52 7.76% 1,400,000 04 01 100,065,000.00 6.07% 1,000,000 125488 74,427,043.64 4.52% 675,014 GK0410 04 10 50,030,000.00 3.04% 500,000 126002 2 19,780,225.32 1.20% 186,994 ( ) 1 2 3 17,434,184.69 6,189,409.03 11,083,235.66 161,540.00 4 37,584 42,878.38 835,045,410.83 (%) 51.82 776,495,442.19 (%) 48.18 2,520,913,246.79 2,520,913,246.79 1,611,540,853.02 666,171,754.27 1,575,544,148.04 30

2004 1 2 3 4 2004 12 16 95 2004 12 16 5 6 100,000.00 7 8 1 [1998]29 1 1 2 1 1 1 2 2004 714,795,369.79 25.57% 566,952.07 25.39% 240,129,931.24 8.59% 196,832.72 8.82% 456,732,156.20 16.34% 358,556.84 16.06% 735,822,217.59 26.32% 594,375.13 26.62% 241,503,381.05 8.64% 198,031.27 8.87% 31

2004 406,362,127.98 14.54% 317,980.52 14.24% 2,795,345,183.85 100.00% 2,232,728.55 100.00% 2004 28,476,555.72 31.57% 390,000,000.00 13.50% 8,571,676.60 9.50% 3,800,000.00 0.13% 0 0 1,596,200,000.00 55.24% 0 0 899,400,000.00 31.13% 0 0 0 0 53,156,421.20 58.93% 0 0 90,204,653.52 100.00% 2,889,400,000.00 100.00% 3 30% 4 1 a b c d e 2 9 10 2004 8 27 10% 25% 2004 8 24 11 32

2004 2004 10 20 12 2004 7 14 2004 8 27 2004 7 9 2004 8 24 13 2004 12 30 1 2 2004 2004 3 4 5 2005 3 30 33