2004 1 2 3 4 1

2004 2 1 3 4 7 10 14 15 16 25 27 31 31 32 33

2004 ( ) AN HUI WENERGY COMPANY LIMITED WENERGY CO.,LTD 99 0551-4672679 0551-4669573 :zhouqx@wenergy.com.cn ( ) 99 230011 : 2004 12 http://www.wenergy.com.cn http://www.wenergy.cn : group@wenergy.com.cn http://www.cninfo.com.cn 000543 1 1993 12 13 81 1996 10 9 1998 3 21 1999 8 26 3

2004 99 2 3400001300153 3 340111148949589 340104148949589 4 100 230001 : 258,797,591.34 119,360,598.87 130,276,468.99 360,902,678.46 447,828.89 297,271,490.62-6,603,335.88 0-31,870,563.40 396,715,540.00-178,628,613.87 : -4,201,397.78-6,382,787.35 331,684.99-10,915,870.12 1 ---- 4

2004 2004 2003 2004 2003 ( ) /- 2002 ( ) 2,227,963,721.61 1,731,556,160.93 28.67% 719,736,256.37 119,360,598.87 221,242,266.31-46.05% 109,210,327.47 ( / ) ( / ) ( ) ( ) 0.15 0.29-46.05% 0.14 0.17 0.29-41.38% 0.15 4.79% 8.63% 4.72% 8.82% 5.15% 8.79% 2004 3.84 4.10 3.65 2003 2004 2003 ( ) /- 4.48% 4.47% 4.70% 2002 ( ) 4,276,371,763.92 4,236,044,306.18 0.95% 2,640,695,585.78 2,493,649,556.39 2,564,729,996.16-2.77% 2,438,213,887.53 3.23 3.32-2.77% 3.15 3.22 3.31-2.72% 3.14 0.51 0.93-45.16% 0.15 2003 2002 683,546.00 ( 9 ) : 5

2004 2004 2003 ( ) ( ) 14.47 14.28 0.47 0.47 17.03 17.41 0.57 0.57 11.92 11.76 0.38 0.38 14.95 15.28 0.50 0.50 4.79 4.72 0.15 0.15 8.63 8.82 0.29 0.29 5.22 5.15 0.17 0.17 8.60 8.79 0.29 0,29 773,008,816 0 0 773,008,816 958,730,133.40 2,811,165.36 0 961,541,298.76 594,988,234.43 21,479,148.42 0 616,467,382.85 : 117,631,102.91 5,968,029.94 0 123,599,132.85 238,002,812.33 119,360,598.87 214,731,352.42 142,632,058.78 2,564,729,996.16 0 71,080,439.77 2,493,649,556.39 1 2 10 5 3 5 4 119,360,598.87 5 6

2004 ( -) 1 468,000,000 0 468,000,000 : 468,000,000 0 468,000,000 2 164,365,000 0 164,365,000 3 4 632,365,000 0 632,365,000 1 140,643,816 0 140,643,816 78,078 0 78,078 2 3 4 140,643,816 140,643,816 773,008,816 0 773,008,816 1 2 3 1 72,139 6 2 7

2004 2004 12 31, ( ) ( ) 46,800 0 60.54 4,759 0 6.16 2,770 0 3.58 2,530 330 3.27 1,100 0 1.42 962 5 0 1.25 ( ) 500 0 0.65 336 0 0.44 330-46.47 0.43 300 0 0.39 : (1) 330 (2) 962.5 3 46.47 4 5 6 3 10 1 10 1990 4 9 423,200 8

2004 2 100 97 100 60.543 6.156 3.583 4-2,621,319 A - 1,787,048 A -777,543 A 360,784 A 300,000 A 256,000 A 235,000 A 231,250 A 200,000 A 173,300 A 9

2004 ( ) 52 2003.6--2006.6 14872 0 49 2003.6--2006.6 0 0 50 2003.6-2006.6 0 0 63 2003.6-2006.6 14872 0 46 2004.6 2006.6 0 0 38 2003.6 2006.6 0 0 48 2003.6 2006.6 0 0 51 2003.6 2006.6 14872 0 40 2003.6--2006.6 0 0 60 2003.6--2006.6 9295 0 41 2003.6--2006.6 0 0 53 2003.6--2006.6 0 0 46 2003.6 2006.6 0 0 53 2003.6 2006.6 0 0 60 2003.6--2006.6 14872 0 46 2003.6--2006.6 9295 0 49 2003.6 2006.6 0 0 34 2003.6--2006.6 0 0 1993 1998 1998 2003 2004 2003 2003 1999 2004 2003 10

2004 1952 6 1955 12 1954 2 1941 10 1959 6 1965 7 1956 10 1953 7 11

2004 1944 5, 1962 9 1963 7 1951 8 15 1958 3 1952 2 MBA MPA 1945 2 1958 6 1955 5 1970 9 1998 8 12

2004 1 9 141.40 61.70 61.70 2.5 20 3 10 20 5 10 1 2 2003 2004 25,000 / 3 2004 1 12 1 2,629 1,816 69.08 240 9.13 304 11.56 27 1.03 242 9.21 2 211 583 1835 3 1,080 13

2004 2004 6 5 1 0 6 6 0 0 6 6 0 0 1 14

2004 2 3 4 5 70 30 2004 9 70 30 2002 6 1.6 1.5 2.7 2004 5 24 2002 ( ) 6 25 18 558,362,924 72.23 1 2003 2 2003 15

2004 3 2003 4 2003 5 6 7 6 26 16 B02 ( ) 1 100 92.5 9.57 86.5 2 2004 611.27 9.71% 515.9 15.83% 95.33 79.70 74.05 12.41% 12.87 222,796 28.67% 36,090 17.38% 3 ( ) 2,227,963,721.61 1854,525,585.92 16 20 28 67 44 53 9.03 16

2004 0.00 0.00 -- 0.00 0.00 0.00 2,227,963,721.61 28.67 9.03 1 84,900 1 2 30 2000 4 13 2000 7 10 40 2004 216,926 106,342 2004 2004 110,979 26,963 20,302 38.37 5.61 10.83 2 2000 9 ( ) 4,000 50 2004 992.99 941.03 51.09 5.56-331.46-332.68 3 1999 8 9 61,640 10 30 1996 5 12 2004 216,630 37,457 2004 109,156 20,018 12,263 34.72 21.26 96.45 4 40350 10,000 5.87 14,900 7.34 15,450 15 2004 17

2004 2004 3046.92 1800 125 179,214.14 73.5 1 2004 35 1140 / 43 58.04 / 43 52 56.82 / 2 2003 1 2004 1 1 0.2 0.4 2004 7 1 0.6 2004 18

2004 70,610.09 13,568.05 15,108 1,539.95 1 40 15,108 22,662 2 60 50 96.1%, 100 2006 6 2 29.49% 23.74% 1539.95 2004 12 31 2003 12 31 ( ) /- 4,276,372 4,236,044 0.95% 2,493,650 2,564,730-2.77% 628,760 698,760-10.02% 510,106 417,577 22.16% 2004 2003 /- 360,903 436,839-17.38% -6,603 20,315-132.50% 119,361 221,242-46.05% 396,716 718,177-44.76% -178,629 156,741-213.96% 1 19,325.22 2 19

2004 3 28 67 4 132.50 1 1800 2-418.68 5-46.05% 6 44.76% 7 213.96% 2004 2003 2004 2003 360,902,678.46 139.45% 436,839,340.09 109.33-17.38% 30.12 64,079,016.73 24.76% 52,225,578.02 11.25% 42.59% 13.51-6,603,335.88-2.55% 20,314,918.26 5.08-132.50% -7.63 258,797,591.34 100% 399,553,971.12 100-35.23% / 1 2 1 2005 2004 2005 2004 12 15 [ (2004)2909 ] 2004 5 6 11 30% 2 2005 4 5 2005 5 1 20

2004 2005 1 73.5 2 3 2 60 2 30 4 5 2004 21

2004 1 1 12 29.49 2005 1 15 2 3 24 2003 2003 2003 2003 3 26 3 4 21 2004 4 5 24 2003 5 25 5 8 17 2004 8 20 6 10 20 21 2004 1 2003 2003 10 2.50 7 10 7 15 7 20 2 2003 50 2004 119,360,598.87 2004 10% 11,936,059.89 5% 5,968,029.94 238,002,812.33 335,884,262.78, 2003 193,252,204.00,2004 2004 773,008,816 10 1.00 77,300,881.60 22

2004 2004 ( ) 1 2 2004 [2005] 0270 23

2004 [2005] 0271 2004 12 31 2004 2004 [ 2005 0270 ] 2004 2004 12 31 [2003]56 2004 12 31 113,608.00 113,608.00 244,360,000.00 8,771,005.00 144,131,005.00 109,000,000.00 26,686,630.06 915,017,333.51 942,497,708.49 54,167,005.04 8,771,005.00 144,131,005.00 : 135,360,000.00 8,771,005.00 24

2004 2004 12 31 : 244,360,000.00 135,360,000.00 109,000,000.00 8,771,005.00 144,131,005.00 : 135,360,000.00 8,771,005.00 2004 12 31 50% 2005 4 13 25

2004 1 3 24 2003 2003 2003 3 26 2 8 17 2004 8 20 1 26

2004 2 1 2 2004 [ (2004) 0270 ] 3 2004 1 2004 2 2003 50 1.2 3 2004 9 30 70 27

2004 28 1 2 29.49% [2004]284 23.74% -4,186,768.87-14,628.91 1539.95 1 2004 94,249.77 2002 6 1.6 1.5 2.7 2004 5,416.70 2005 130,000 2 2003 50 3 1

2004 2 1999 12 28 3 10 15000 15000 3 4 1 30 9 6 11,000 2004 9 7 2005 9 6 10 29 14,000 2004 11 2 2005 11 1 5 1 8 17 1 2007 12 31 2 60 50.35 2 3 40 60 2 5 5 29

2004 2003 2004 20 2004 12 1 2 2003 15 2005 2005 2005 2 2 30

2004 31

2004 [2005]0270 2004 12 31 2004 2004 2004 12 31 2004 2005 4 13 32

2004 1993 165 3 1 2 1993 29 1993 12 13, (A ) 12 20 ( 000543) 1998 2-3 ( ) 773,008,816 140,643,816 1994 1 1 11 12 5 12.5 1 2 3 4 5 6 7 33

2004 34 10% 8 1 2 3, 6% 100% ; 9 10 1 20% 20% 20% 20% 20% 20%

2004 2 10 3 4 11 12 1 A B C 2 3 4 5 % % 0-3 8-35 12.50 2.86 0-3 4-10 25.00 9.70 0-3 7-30 14.29 3.23 0-3 6 16.67 0-3 5-18 20.00 5.56 13 35

2004 3 14 15 10 [2001]43 50 10,,, 16 1 1 5 17 1 36

2004 A B C D 2 A B 3 A B 18 19 2004 20 3 1 2 11 12 21 [1995]11 1996 2 1 17% 2 5% 3 A) 7% 1% B) 3% 4 33% 37

2004 15% 2004 5 A. 84900 3396040% 40002000 50% 2004 90% B. [2004]284 23.74% 2004 29.49%, 2004 12 31 1 2004.12.31 2003.12.31 78,606.38 81,301.73 298,797,708.72 477,710,070.53 36,593.65-1.0593-38,764.20-3,016,362.41 2,729,919.12 301,892,677.51 480,521,291.38 2 38

2004 2004.12.31 2003.12.31 - - - - - - - - 250,000,000.00 - - - 250,000,000.00 - - - 3 1 2004.12.31 2003.12.31 1 510,106,078.23 100% - 417,577,068.21 100% - 1-2 - - - - - - 2-3 - - - - - - 3 - - - - - - 510,106,078.23 100% - 417,577,068.21 100% - 2 5% 5% 3 : 510,106,078.23 4 1 2004.12.31 2003.12.31 1 112,688,749.41 71.85% 118,315,069.33 88.83% 1-2 38,459,792.29 24.52% 840,014.97 0.63% 2-3 120,572.22 0.08% 5,349,972.91 4.02% 3 5,559,993.22 3.55% 8,687,947.08 6.52% 156,829,107.14 100.00% 133,193,004.29 100.00% 5,208,315.89 4,645,946.28 151,620,791.25 128,547,058.01 39

2004 2 : 45,458,861.99 37,488,223.71 21,725,174.23 7,000,000.00 5,786,289.58 117,458,549.51 3 117,458,549.51, 74.90% 4 5%( 5 ) 5 1 2004.12.31 2003.12.31 % (%) 1 57,621,520.98 98.83% 43,481,747.98 98.97% 1-2 433,425.47 0.74% 454,173.95 1.03% 2-3 250,000.00 0.43% - - 3 - - - - 58,304,946.45 100.00% 43,935,921.93 100.00% 2, 3 4 5%( 5 ) 6 (1) 40

2004 2004.12.31 2003.12.31 67,221,988.75-67,221,988.75 10,887,517.19-10,887,517.19 12,486,661.56 493,481.97 11,993,179.59 11,247,195.23 552,297.86 10,694,897.37 18,248,895.00 2,406,705.14 15,842,189.86 14,608,070.77 71,685.40 14,536,385.37 3,633,666.48 2,519,773.21 1,113,893.27 3,551,408.59 2,302,207.92 1,249,200.67 53,350.86-53,350.86 51,041.00-51,041.00 101,644,562.65 5,419,960.32 96,224,602.33 40,345,232.78 2,926,191.18 37,419,041.60 (2) (3) 7 2003.12.31 2004.12.31 332,731.17 1,055,868.41 1,068,285.05 320,314.53 332,731.17 1,055,868.41 1,068,285.05 320,314.53 2005 8 2003.12.31 2004.12.31 : 189,330,000.00 55,030,000.00 5.76% 189,330,000.00 55,030,000.00 : 2003.12.31 2004.12.31-3,213,752.00 3,213,752.00 - - 3,213,753.00 3,213,753.00-9 2003.12.31 2004.12.31 570,420,464.86 1,525,936.13 151,080,000.00 15,399,520.14 706,100,944.72 18,000,000.00 55,030,000.00-5,557,253.00 6,617,253.00 53,970,000.00-625,450,464.86 1,525,936.13 156,637,253.00 22,016,773.14 760,070,944.72 18,000,000.00 41

2004 1 2001.1.8-5.87% 100,000,000.00 1999.8.3-4.29% 3,000,000.00 1994-8.87% 8,400,000.00 1997-10% 46,230,000.00 15,410,000.00 2002-15% 154,500,000.00 2001-7.34% 149,000,000.00 ** 2003-2023 40% 226,620,000.00 687,750,000.00 15,410,000.00 ** 2004 15108 2004 12 31 22662 2004 29.49% 23.74% (2) 2004.12.31 2003.12.31 2-210,791.14 10-168,632.92 - -168,632.92-2 45,545.71 10 31,882.00-31,882.00-1 3,676,180.95 10 3,308,562.85-367,618.10 2,940,944.75 3,510,935.52 3,171,811.93-230,867.18 2,940,944.75 1, 2 2004 29.49% 23.74%, (3) 42

2004 2003.12.31 2004.12.31 1 1,525,936.13-1,525,936.13-2 - 18,000,000.00-18,000,000.00 1,525,936.13 18,000,000.00 1,525,936.13 18,000,000.00 1 2004 29.49%, 2 2004 15% (4) 2003.12.31 2004.12.31 : 53,970,000.00 5.49 5.76% - 5,557,253.00 5,557,253.00-53,970,000.00-5,557,253.00 5,557,253.00-5503, 5397, 5503 2005 10 (1) 2003.12.31 2004.12.31 1,995,081,173.06 91,739,047.48 3,436,978.27 2,083,383,242.27 254,437,604.02 25,032,060.41 2,267,127.66 277,202,536.77 37,162,890.96 3,744,081.49 1,013,243.74 39,893,728.71 51,424,467.22 3,050,965.52 22,175,767.23 32,299,665.51 955,792,616.70 43,287,269.22 275,827.18 998,804,058.74 14,140,342.12 30,271.00-14,170,613.12 3,308,039,094.08 166,883,695.12 29,168,944.08 3,445,753,845.12 2003.12.31 2004.12.31 764,517,497.74 141,077,679.73 2,365,687.06 903,229,490.41 104,807,439.20 54,024,815.71 2,264,527.66 156,567,727.25 28,911,364.42 1,729,576.71 2,465,346.80 28,175,594.33 21,599,699.22 3,934,296.71 5,040,909.90 20,493,086.03 225,404,918.83 27,932,618.72 47,703.80 253,289,833.75 7,915,227.98 380,468.60-8,295,696.58 1,153,156,147.39 229,079,456.18 12,184,175.22 1,370,051,428.35 2,154,882,946.69 - - 2,075,702,416.77 142,184,205.55 43

2004 2004 - (2) 2003.12.31 2 2004.12.31 2,515,541.33 633,382.45 461,830.21 2,687,093.57 7,711.20 607,542.13-615,253.33-1,163.53-1,163.53-439,470.33-439,470.33 1 101,529.50 24,354,689.01 86,641.19 24,369,577.32 - - - - 2,624,782.03 26,036,247.45 548,471.40 28,112,558.08 1 2004 24,354,689.01 2004 24,354,689.01 2 2004 548,471.40 11 1 2003.12.31 2004.12.31 12,904,350.00 - - - 12,904,350.00 72,106,904.22 11,062,592.05 80,000,000.00-3,169,496.27 17,526,651.00 - - 17,526,651.00-3,647,700.63 858,400.00 4,506,100.63 - - GO-ON CMN - 5,339,364.69 - - 5,339,364.69 148,247.87 - - 148,247.87-696,424.01 - - 696,424.01-862,532.82 - - 862,532.82-274,567.64 - - 274,567.64-607,779.60 - - 607,779.60-717,982.53 - - - 717,982.53 2,139,020.52 8,737,663.35 9,783,693.59-1,092,990.28 2,370,636.08 23,784,570.96 22,258,929.71-3,896,277.33 198,245.00 9,236,478.61 7,230,219.03-2,204,504.58 6,385,243.75 12,973,585.89 18,405,262.59-953,567.05 120,586,285.67 71,992,655.55 142,184,205.55 20,116,202.94 30,278,532.73 a 2004 12 31 2011.62 b 142,184,205.55, 44

2004 2 2003.12.31 2004.12.31-5,983,673.01-5,983,673.01-5,983,673.01-5,983,673.01 1,290 2004 598 12 2003.12.31 2004.12.31 39,823,198.00 31,364,552.55-797,302.04 30,567,250.51 30,000,000.00 22,000,000.00-1,200,000.00 20,800,000.00 69,823,198.00 53,364,552.55-1,997,302.04 51,367,250.51 : - 13,750,000.00-13,750,000.00 69,823,198.00 39,614,552.55 - - 37,617,250.51 1 ( ), 37-38 2 ( ) 6, 3 13 2003.12.31 2004.12.31 1,598,545.45 319,709.29-319,709.29 1,598,545.45-1,598,545.45 319,709.29-319,709.29 1,598,545.45-14 2004.12.31 2003.12.31 110,200,000.00 10,250,000.00-50,000,000.00 110,200,000.00 60,250,000.00 15 2004 12 31 148,007,400.48 5% 5 45

2004 16 2004 12 31 5,188,094.31 17 2004 12 31 7,108,451.99 3500 1,522,500.00 1,320,000.00 413,600.00 375,000.00 320,000.00 3,951,100.00 18 2 2004.12.31 2003.12.31 34,716,842.18 46,528,308.33 27,212,234.27 6,783,402.11 627,753.13 484,134.47 2,180,885.11 1,193,737.35 8,430,384.16 3,568,181.12-790.00-73,167,308.85 58,557,763.38 1 19 2004.12.31 2003.12.31 1,203,669.64 521,415.00 166,768.24-15,511.64 77,186.82-1,447,624.70 505,903.36 20 2004 12 31 96,612,780.45 : 1500 5% 5% 21 46

2004 2004.12.31 2003.12.31-819,233.71 869,511.00-265,167.72-1,134,678.72 819,233.71 2004 22 2004.12.31 2003.12.31 % 398,760,000.00 498,760,000.00 2009.07.31 5.76 150,000,000.00 200,000,000.00 2009.12 5.76 80,000,000.00-2007.5.19 4.941 628,760,000.00 698,760,000.00 23 24 2003.12.31 2004.12.31 955,987,602.39 0.00-955,987,602.39 2,002.00 532,300.00-534,302.00 790,000.00 250,000.00-1,040,000.00 * 1,566,298.44 2,013,875.00-3,580,173.44 384,230.57 14,990.36-399,220.93 958,730,133.40 2,811,165.36-961,541,298.76 * 4,027,750.00 50% 2,013,875.00 25 2003.12.31 2004.12.31 210,807,981.38 11,936,059.89-222,744,041.27 117,631,102.91 5,968,029.94-123,599,132.85 263,541,719.51 - - 263,541,719.51 3,007,430.63 3,575,058.59-6,582,489.22 594,988,234.43 21,479,148.42-616,467,382.85 47

2004 6,117,393.15, 1) - 2003 10% 5% 5% 2004 3 28 5% 5% 2003 12 31 7,518,576.57 7,518,576.57 2003 12 31 15,037,153.14 6,014,861.25 2 102,531.90 6,117,393.15 26 2004.1.1 2004.12.31 238,002,812.33 119,360,598.87 214,731,352.42 142,632,058.78 : 232,568,965.18 2004 3 28 6,014,861.25 581,014.10 238,002,812.33 2004 10% 5% 0.10 ( ), 27 2004 2003 2004 2003 2,227,452,868.92 1,730,350,369.14 1,854,071,414.36 1,282,794,772.95 510,852.69 1,205,791.79 454,171.56 367,967.12 2,227,963,721.61 1,731,556,160.93 1,854,525,585.92 1,283,162,740.07 1 2 2004 3 2004 28 48

2004 2004 2003 1,478,035.99 1,890,220.70 5% 5% 7,008,612.77 6,737,938.55 7% 4,048,808.47 2,925,921.52 3% 12,535,457.23 11,554,080.77 29 1% 2004 2003 41,346,305.05 48,833,439.70 : 11,091,958.87 19,554,884.00-441,138.49 - - 84,023.45 26,599.72 30,338,369.63 29,746,293.91 30 2004 3 2004 2004 2003 11,400,680.00 14,195,083.88 4,565,000.00 6,910,000.00 - -2,932,215.28-367,618.10-372,172.67-4,186,768.87-4,040,158.46 - -18,000,000.00-1,525,936.13-14,628.91 - -6,603,335.88 20,314,918.26 1,2004 12 31 35900 2 [2004]284 23.74% 29.49%, 23.74% 29.49% -4,186,768.87-14,628.91 4 2004 1800 49

2004 : 31 2004 2003 (1) 150,000.00 181,300.00 (2) 2,538.42 11,259.90 (3) 29.89 2,304.91 (4) 31,471,449.06 2,046,811.89 (5) 860,285.77 202,589.69 (6) 580,000.00 1,020,000.00 (7) 321,404.03 1,355,169.13 (8) 100,000.00 (9) 150,017.62 288,119.24 33,635,724.79 5,107,554.76 2435 598 32 2004 2003 39,211,244.25 75,239,556.84 33 2004 21,946,359.28, 1 2,950,000.00 2 15,000,000.00 3 657,255.15 4 1,346,075.19 5 1,993,028.94 21,946,359.28 34 2004 46,202,308.15 50

2004 1 5,044,866.63 2 3,180,241.38 3 4,269,068.65 4 808,000.00 5 500,919.45 6 1,013,800.00 7 3,060,377.41 8 1,090,370.52 9 10,109,247.47 10 2,862,388.33 11 7,000,000.00 12 1,234,216.65 13 6,028,811.66 46,202,308.15 35 2004 11,294,109.87 1 11,091,958.87 2 186,686.00 3 15,465.00 11,294,109.87 36 2004 159,247.46 1 91,663.00 2 67,584.46 159,247.46 37 (1) 2004 12 31 - (2) 2004 (3) (4) 2004 (5) 2004 (6) 2004 51

2004 1 1 2004.12.31 2003.12.31 % % 1 247,871,330.64 100-204,384,190.87 100-1-2 - - - - - - 2-3 - - - - - - 3 - - - - - - 247,871,330.64 100-204,384,190.87 100-2 5% 5% 3 : 247,871,330.64 2 1 2004.12.31 2003.12.31 % % 1 109,939,129.75 73.23 113,629,939.00 89.03 1-2 34,939,554.87 23.27 388,873.02 0.30 2-3 32,751.42 0.02 5,224,629.41 4.09 3 5,223,899.72 3.48 8,387,197.08 6.58 150,135,335.76 100.00 127,630,638.51 100.00 5,173,654.37 4,645,946.28 144,961,681.39 122,984,692.23 2 : 45,458,861.99 37,488,223.71 21,725,174.23 7,000,000.00 5,786,289.58 117,458,549.51 3 117,458,549.51, 52

2004 81% 3 2003.12.31 2004.12.31 : 104,000,000.00 5.76% - 6,073,600.00 6,073,600.00-55,030,000.00 5.76% - 3,213,752.00 3,213,752.00-159,030,000.00-9,287,352.00 9,287,352.00-4 2003.12.31 2004.12.31 932,215,486.75 1,525,936.13 219,356,566.60 15,399,520.14 1,136,172,533.21 18,000,000.00 302,280,000.00 29,551,720.00 134,611,720.00 197,220,000.00 1,234,495,486.75 1,525,936.13 248,908,286.60 150,011,240.14 1,333,392,533.21 18,000,000.00 (1) 1997-2016 40% 212,250,000.00 123,673,819.05 169,815,283.08 89,442,602.79 2000.9.29-2020.9.29 50% 20,000,000.00 700,906.73-15,294,833.38 2001.1.8-5.87% 100,000,000.00 1999.8.3-4.29% 3,000,000.00 1994-8.87% 8,400,000.00 1997-10% 46,230,000.00 15,410,000.00 2002-15% 154,500,000.00 2001-7.34% 149,000,000.00 2003-2023 40% 226,620,000.00 920,000,000.00 139,083,819.05 170,516,189.81-74,147,769.41 53

2004 (2) 2004.12.31 2003.12.31 2-210,791.14 10-168,632.92 - -168,632.92-2 45,545.71 10 31,882.00-31,882.00-1 3,676,180.95 1 10 3,308,562.85-367,618.10 2,940,944.75 3,510,935.52 3,171,811.93-230,867.18 2,940,944.75 1, 2:2004 29.49% 23.74%, (3) 2003.12.31 2004.12.31 1 1,525,936.13-1,525,936.13-2 - 18,000,000.00-18,000,000.00 1,525,936.13 18,000,000.00 1,525,936.13 18,000,000.00 1 2004 29.49%, 2: 2004 15% (4) 2003.12.31 2004.12.31 143,250,000.00 5.76% - 11,882,440.00 11,882,440.00-53,970,000.00 5.49 5.76% - 5,557,253.00 5,557,253.00-197,220,000.00-17,439,693.00 17,439,693.00-5 2004 2003 2004 2003 1,117,662,878.33 928,324,870.08 1,014,055,263.03 736,074,819.72 2004 2004 54

2004 6 2004 2003 29,365,720.00 37,584,263.88 4,565,000.00 6,910,000.00 66,262,691.59 65,008,398.37-367,618.10-372,172.67-4,186,768.87-4,034,069.06 - -18,000,000.00-1,525,936.13-14,628.91-77,624,395.71 111,638,622.51 1,2004 12 31 60,625 2 [2004]284 23.74% 2004 29.49%, 23.74% 29.49% -4,186,768.87 3 2004-14,628.91 4 2004 1800 1 1 2004 90% 2 423200 3 55 423200 50 50 -

2004 4680060.54 (%) (%) 4680060.54 4590.00 45 - - 2 ( ) 1 2004.12.31 2003.12.31 1 5397 1 5503 2 5503 18933 3 5416.70 2 2668.66 2 4-11.36 56

2004 1 2497 5.76% 2900 5.49% 2004 877 2 2004-2004 12 31 5416.70 2003 12 31 2668.66 2 2004 80 3 2004 9 141.40 3 2.5 1417, 587.49 75.7 2004 12 31 2005 4 16 2004 12 31 1 1500-1100 400 4000 2900 2004 12 31, 4000 400 1375 2 1999 12 28 30000 2004 12 31 15000 57

2004 3 2004, 10 1.00, 1. -4,201,397.78 2. 3. 4. 5. 6. 7. 1,765,161.39 8. 8,147,948.74 9. 10. 11. 12. 13. 14. -10,584,185.13 331,684.99-10,915,870.12 58

2004 2004 12 31 2004-12-31 2003-12-31 1 301,892,677.51 203,936,187.14 480,521,291.38 461,244,485.03 2 250,000,000.00 250,000,000.00 3 510,106,078.23 247,871,330.64 417,577,068.21 204,384,190.87 4 151,620,791.25 144,961,681.39 128,547,058.01 122,984,692.23 5 58,304,946.45 6,676,100.66 43,935,921.93 11,488,877.29 6 96,224,602.33 36,938,080.77 37,419,041.60 15,746,562.41 7 320,314.53 320,314.53 332,731.17 332,731.17 8 55,030,000.00 159,030,000.00 189,330,000.00 293,330,000.00 1,423,499,410.30 1,049,733,695.13 1,297,663,112.30 1,109,511,539.00 9 688,100,944.72 1,118,172,533.21 568,894,528.73 930,689,550.62 9 53,970,000.00 197,220,000.00 55,030,000.00 302,280,000.00 742,070,944.72 1,315,392,533.21 623,924,528.73 1,232,969,550.62 2,940,944.75 3,308,562.85 10 3,445,753,845.12 1,105,398,448.33 3,308,039,094.08 1,064,430,224.89 10 1,370,051,428.35 730,953,497.73 1,153,156,147.39 661,047,163.78 2,075,702,416.77 374,444,950.60 2,154,882,946.69 403,383,061.11 10 28,112,558.08 2,685,016.29 2,624,782.03 2,624,782.03 2,047,589,858.69 371,759,934.31 2,152,258,164.66 400,758,279.08 1,299,439.98 1,677,952.98 11 24,294,859.72 7,054,348.96 120,586,285.67 8,954,124.83 2,073,184,158.39 378,814,283.27 2,274,522,403.31 409,712,403.91 12 37,617,250.51 30,567,250.51 39,614,552.55 31,364,552.55 13 319,709.29 319,709.29 37,617,250.51 30,567,250.51 39,934,261.84 31,684,261.84 4,276,371,763.92 2,774,507,762.12 4,236,044,306.18 2,783,877,755.37 59

2004 50,000,000.00 2004-12-31 2003-12-31 14 110,200,000.00 200,000.00 60,250,000.00 250,000.00 15 148,007,400.48 128,707,002.51 145,041,609.23 97,710,663.48 317,920.20 108,880.20 16 5,188,094.31 5,139,709.40 93,379.60 2,253.25 18,023,148.43 4,820,103.50 10,531,086.18 3,005,351.92 17 7,108,451.99 7,108,451.99 42,882,826.99 7,882,826.99 18 73,167,308.85 54,466,863.03 58,557,763.38 38,303,088.59 19 1,447,624.70 1,447,624.17 505,903.36 504,764.08 20 96,612,780.45 78,968,451.13 113,248,451.18 71,488,810.90 21 1,134,678.72 819,233.71 511,207,408.13 280,858,205.73 432,039,133.83 219,147,759.21 22 628,760,000.00 698,760,000.00 628,760,000.00 698,760,000.00 1,139,967,408.13 280,858,205.73 1,130,799,133.83 219,147,759.21 642,754,799.40 540,515,176.19 23 773,008,816.00 773,008,816.00 773,008,816.00 773,008,816.00 24 961,541,298.76 961,541,298.76 958,730,133.40 958,730,133.40 25 616,467,382.85 609,884,893.63 594,988,234.43 591,980,802.80 123,599,132.85 123,599,132.85 117,631,102.91 117,631,102.91 26 142,632,058.78 149,214,548.00 238,002,812.33 241,010,242.96 77,300,881.60 77,300,881.60 193,252,204.00 193,252,204.00 2,493,649,556.39 2,493,649,556.39 2,564,729,996.16 2,564,729,996.16 4,276,371,763.92 2,774,507,762.12 4,236,044,306.18 2,783,877,755.37 60

2004 2004 1-12 2004 1-12 2003 1-12 27 2,227,963,721.61 1,117,662,878.33 1,731,556,160.93 928,324,870.08 27 1,854,525,585.92 1,014,055,263.03 1,283,162,740.07 736,074,819.72 28 12,535,457.23 12,534,366.56 11,554,080.77 11,542,063.23 360,902,678.46 91,073,248.74 436,839,340.09 180,707,987.13 447,828.89 665,932.78-1,157,531.56-1,180,620.16 850,681.32 808,000.00 2,215,133.80 1,725,013.00 32,889,965.78 21,058,590.00 20,264,150.31 9,737,068.41 29 30,338,369.63-10,726,009.53 29,746,293.91-16,840,858.74 297,271,490.62 80,598,601.05 383,456,230.51 184,906,144.30 30-6,603,335.88 77,624,395.71 20,314,918.26 111,638,622.51 1,765,161.39 1,700,230.75 890,377.11 677,810.44 31 33,635,724.79 1,351,384.39 5,107,554.76 740,754.10 258,797,591.34 158,571,843.12 399,553,971.12 296,481,823.15 32 39,211,244.25 39,211,244.25 75,239,556.84 75,239,556.84 100,225,748.22 103,072,147.97 119,360,598.87 119,360,598.87 221,242,266.31 221,242,266.31 : 238,002,812.33 241,010,242.96 149,580,418.59 149,580,418.59 357,363,411.20 360,370,841.83 370,822,684.90 370,822,684.90 11,936,059.89 11,936,059.89 22,124,226.63 22,124,226.63 5,968,029.94 5,968,029.94 11,062,113.31 11,062,113.31 3,575,058.59 3,007,430.63 335,884,262.78 342,466,752.00 334,628,914.33 337,636,344.96 193,252,204.00 193,252,204.00 96,626,102.00 96,626,102.00 142,632,058.78 149,214,548.00 238,002,812.33 241,010,242.96 61

2004 1 2 3 4 5 6 62

2004 2004 1-12 2,518,620,498.40 1,268,901,967.76 961.50 961.50 33 21,946,359.28 18,378,430.16 2,540,567,819.18 1,287,281,359.42 1,668,936,471.67 899,053,707.50 175,503,403.00 141,438,852.82 253,210,096.36 142,633,870.11 34 46,202,308.15 30,646,698.78 2,143,852,279.18 1,213,773,129.21 396,715,540.00 73,508,230.21 144,664,568.12 248,664,568.12 15,320,680.00 33,285,720.00 1,227,139.00 371,274.00 35 11,294,109.87 11,294,109.87 172,506,496.99 293,615,671.99 63,566,222.12 37,231,502.14 401,080,000.00 401,080,000.00 36 159,247.46 91,663.00 464,805,469.58 438,403,165.14-292,298,972.59-144,787,493.15 230,200,000.00 200,000.00 230,200,000.00 200,000.00 250,000,000.00 263,245,181.28 186,229,034.95 513,245,181.28 186,229,034.95-283,045,181.28-186,029,034.95-178,628,613.87-257,308,297.89 63

2004 1. 119,360,598.87 119,360,598.87 : 100,225,748.22 51,001,651.68 17,038,021.67 229,079,456.18 75,221,771.87 1,997,302.04 797,302.04 319,709.29 319,709.29 12,416.64 12,416.64 315,445.01-319,233.98-327,844.98 ( ) 1,457.50 30,254,346.18-11,091,958.87-11,396,664.12-95,624,395.71-58,233,074.41-20,401,466.75-111,513,919.69-61,423,877.84 45,610,300.59 49,627,953.98 396,715,540.00 73,508,230.21 2. 3. 301,892,677.51 203,936,187.14 480,521,291.38 461,244,485.03-178,628,613.87-257,308,297.89 64

2004 2004 % / 14.47 14.28 0.47 0.47 11.92 11.76 0.38 0.38 4.79 4.72 0.15 0.15 5.22 5.15 0.17 0.17 2004 % / 3.65 3.60 0.12 0.12 3.23 3.19 0.10 0.10 4.79 4.72 0.15 0.15 4.92 4.86 0.16 0.16 65

2004 2004 12 31 4,645,946.28 562,369.61 5,208,315.89 4,645,946.28 562,369.61 5,208,315.89 2,926,191.18 2,552,585.03 58,815.89 58,815.89 5,419,960.32 2,302,207.92 217,565.29 2,519,773.21 552,297.86 58,815.89 58,815.89 493,481.97 71,685.40 2,335,019.74 2,406,705.14 1,525,936.13 18,000,000.00 1,525,936.13 1,525,936.13 18,000,000.00 1,525,936.13 18,000,000.00 1,525,936.13 1,525,936.13 18,000,000.00 2,624,782.03 26,036,247.45 548,471.40 548,471.40 28,112,558.08 101,529.50 24,354,689.01 86,641.19 86,641.19 24,369,577.32 2,523,252.53 1,680,394.91 461,830.21 461,830.21 3,741,817.23 1,163.53 1,163.53 5,983,673.01 5,983,673.01 13,750,000.00 13,750,000.00 13,750,000.00 13,750,000.00 66

2004 2004 12 31 4,645,946.28 527,708.09 5,173,654.37 4,645,946.28 527,708.09 5,173,654.37 623,983.26 34,831.34 58,815.89 58,815.89 599,998.71 552,297.86 58,815.89 58,815.89 493,481.97 71,685.40 34,831.34 106,516.74 1,525,936.13 18,000,000.00 1,525,936.13 1,525,936.13 18,000,000.00 1,525,936.13 18,000,000.00 1,525,936.13 1,525,936.13 18,000,000.00 2,624,782.03 608,705.66 548,471.40 548,471.40 2,685,016.29 101,529.50 86,641.19 86,641.19 14,888.31 2,523,252.53 607,542.13 461,830.21 461,830.21 2,668,964.45 1,163.53 1,163.53 67