2004

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GD POWER DEVELOPMENT CO.,LTD GDPD 600795 4 5 100045 http://www.600795.com.cn gddl@600795.com.cn 5 010-51975999 010-51975871 010-68535280 010-68535269 chenjd@600795.com.cn liusg@600795.com.cn : http://www.sse.com.cn 5 1992 12 31 2003 5 15 21020011016886-1272 210221118373566 282 2004 4

2004 6 30 2003 12 31 3,032,547,499.30 2,313,877,580.51 31.06% 7,523,928,308.52 5,264,025,654.29 42.93% 27,641,638,573.08 22,748,791,249.04 21.51% ( ) 6,031,761,854.12 5,413,868,486.10 11.41% / 2.659 3.861-31.13% / 2.653 3.838-30.88% 2004 1-6 2003 1-6 498,199,588.35 363,290,468.06 37.14% 500,480,131.65 351,384,379.26 42.43% / 0.220 0.259-15.21% (%) 8.260 7.126 1.13 886,744,814.79 607,347,842.80 46.00% 1 1 592,765.00 2 6,948,148.92 3 2,386,892.29 4 1,285,499.51 5 402,448.82 2 4 10 6 2004 5

1 1,050,344,755 630,206,853 630,206,853 1,680,551,608 2 3 4 1,050,344,755 630,206,853 630,206,853 1,680,551,608 1 351,947,981 211,168,789 24,837,993 236,006,782 587,954,763 2 3 4 351,947,981 211,168,789 24,837,993 236,006,782 587,954,763 1,402,292,736 841,375,642 24,837,993 866,213,635 2,268,506,371 2004 4 8 10 6 2004 1 18 58060 1. 2004 6 30 +- (%) 1 762,847,424 286,067,784 33.63% 2 695,581,085 260,842,907 30.66% 3 222,123,099 83,296,162 9.79% 4 17,275,378-527,648 0.76% 5 14,107,395 0.62% 6 11,198,811 3,119,510 0.49% 2004 6

7 9,465,333 0.42% 8 9,130,179 3,623,817 0.40% 9 8,797,771 0.39% 10 8,250,000 2,746,328 0.36% 476,779,640 2004 4 762,847,424 138,826,937 2004 4 222,123,099 2. 17,275,378 A 14,107,395 A 11,198,811 A 9,465,333 A 9,130,179 A 8,797,771 A 8,250,000 A 7,992,200 A 7,049,087 A 6,562,544 A 2003 18 2003 173 476,779,640 2004 4 762,847,424 138,826,937 2004 4 222,123,099 [2004]131 2004 7

2003 4 3 2003 4 18 6 26 2004 3 27 2003 7 18 20 2003 8 1 5 ( ) 0.8%, 1.1%, 1.8%, 2.1%, 2.5% 10.55 2004 1 18 2008 7 17 2004 4 8 10 6 6.59 6.59 2004 6 30 163,717,000 24,837,993 2004 6 30 10 1 2 1 405263000 22.07% 2 97000000 5.28% 3 88446000 4.82% 4 83564000 4.55% 5 60000000 3.27% 6 53362000 2.91% 7 50019000 2.72% 8 50000000 2.72% 9 44048000 2.40% 10 CITIGROUP GLOBAL MARKETS LIMITED 41719000 2.27% 2004 6 276.42 67.85% 2004 8

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 54992 39994 94986 0 0 0 2004 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7650 4590 12240 0 0 0 2004 4 2004 3 26 2004 9

2004 1-62003 1-6 3,333,121,438.82 2,241,853,183.18 48.68 1,006,992,061.67 658,777,513.97 52.86 498,199,588.35 363,290,468.06 37.14 444,374.07 379,749,977.59 2004 6 30 2003 12 31 27,641,638,573.08 22,748,791,249.04 21.51 6,031,761,854.12 5,413,868,486.10 11.41 2004 1 6 16% 18.46% 1 90 4 20 4 33 2004 6 4 10 30 6 16 2 90 5 23 2004 4 1 161.35 45.72% 2004 10

2004 % 120 100 39.96 39.62 0.86% 37.28 37 0.76% 40 100 11.56 11.15 3.68% 10.45 10.04 4.08% 12.4 100 4.46 4.58-2.62% 4.01 4.11-2.43% 29.45 100 2.8 2.09 33.97% 2.68 1.97 36.04% 16.1 100 1.33 1.03 29.13% 1.3 0.97 34.02% 130 51 23.37 18.69 25.04% 23.08 18.47 24.96% 120 41 31.81 23.21 37.05% 30.08 22 36.73% 132 40 37.03 10.36 257.43% 34.11 9.55 257.17% 180 40 3.17 3.02 40 39 5.86 5.32 819.95 161.35 110.73 45.72% 151.33 104.11 45.36% 10% 10% % 3,178,188,500.31 2,151,862,845.87 32.29 10% 207,575,922.27 41.67% 193,136,756.13 47% 230,000 3 600MW 2004 1 6 441,650,898.44 1. 2004 11

2003 2004 15 / 2. 2003 7 1 2004 2003 3. 1 19.8 15.96 13.3 13.3-41 6.32 2.66 19.62 15.96 1 2004 2004 6 13.3 100% 2 60 2004 12

2004 6 2.66 42.09% 2 1 2004 6 160,308 80.8% 108,740 2 2004 6 353,368 77.67% 370,338 3 2004 6 165,704 8.17% 4 2004 13

2003 2003 2004 4 7 10 0.4 10 6 2004 4 3 2004 4 7 2004 4 8 2004 4 15 2004 4 8 35% 2004 3 18 2004 4 1 4% 2004 3 31 2004 5 20 39% 2003 12 30 80% 2003 9 80% 1574.944, 1 50% 1 494,282,497.31 14.83 % 2 35% 2004 3 18 2004 4 1 2004 14

3 146,941,365.61 75,839,030.81 10.24% 113,690,623.41 55,841,532.15 7.92% 12,185,800.00 1.78% 107,405,902.80 17,389,527.12 57.34% 47,677,964.00 19,071,185.60 25.45% 8,329,616.22 5,553,077.48 4.45% 1 2 1 2002 5 31 115481 13 5 2002 8 19 70450 14 2002 8 19 8300 8 2002 12 18 30000 16 2003 2 10 23500 4 10 2003 2 10 4700 11 2003 4 28 58200 15 6 2003 10 17 46830 12 2003 11 3 500 3 2003 11 10 20000 19 2003 11 20 30000 15 1 2004 5 10 30000 14 8 30000 433261 433261 30000 72.61% 2004 15

2 3 5 5 12.5 14.8 11.5 15.8 2003 11 26 4.779% 2004 1 17 4.536% 2004 1 18 4.536% 2004 2 11 4.536% 2004 2 27 4.779% 2004 2 27 3.9825 2004 16

2004 3 1 4.779% 2004 3 2 3.9825 2004 4 15 2004 4 15 4.779% 2004 4 22 4.536% 2004 4 21 4.536% 2004 6 9 4.536% 2004 6 9 4.536% 2004 6 24 4.536% 2004 6 24 4.536% 2004 6 28 4.536% 1 2004 1 12 2003 16 8 www.sse.com.cn 2 2004 1 14 16 24 www.sse.com.cn 3 2004 2 24 2003 2003 2004 17

20 28 www.sse.com.cn 4 2004 3 27 2003 16 52 www.sse.com.cn 5 2004 3 29 2003 16 16 www.sse.com.cn 6 2004 4 1 20 16 www.sse.com.cn 7 2004 4 2 24 36 www.sse.com.cn 8 2004 4 3 A13 32 www.sse.com.cn 9 2004 4 7 25 13 www.sse.com.cn 10 2004 4 16 2003 25 25 www.sse.com.cn 11 2004 4 22 24 76 www.sse.com.cn 12 2004 5 19 2004 4 29 www.sse.com.cn 13 2004 5 26 17 36 www.sse.com.cn 14 2004 6 10 24 24 www.sse.com.cn 15 2004 6 18 40 36 www.sse.com.cn 16 2004 6 24 2004 25 28 www.sse.com.cn 2004 18

17 2004 6 26 B28 21 www.sse.com.cn 18 2004 7 3 A13 24 www.sse.com.cn 19 2004 7 6 16 C1 www.sse.com.cn 1 " 1992 1992 12 31,1997 3 18 5100 1280 600795 1997 2,268,506,371 587,954,763 2000 2000 2 15 2000 11 10 8 8 80 7 40 2001 12 2002 2 177 2004 6 30 276 40 1450 11 1 10 2004 19

2004 2 1 2 1 1 12 31 3 4 5 6 6 6 6% 1-2 10% 2-3 20% 3-4 50% 4-5 80% 5 2004 20

7 8 9 20% 20% 20% 20% 20% 50% 50% 50%, 10 2000 3% % 5-15 19.40-6.47 8-12 12.13-8.08 12-20 8.08-4.85 18-22 5.39-4.41 20-30 4.85-3.23 35-45 2.77-2.16 15-55 6.47-1.76 11 12 2004 21

13 14 15 a b 16 17 50% 50% 50% 50%, 1995 11 18 19 3 1 17% 13% 2 5% 3% 3 7% 4 4% 2004 22

5 1997 1 15% 15% [2001]99 15% 93 2819 15% 118 15% [2000]67 2 3 1999-2003 15% [2002]149 2 3 2002-2006 15% [2003]243 2 3 2003 2007 15% [2004]5 33% : 4 62884 29280 41% 322000 118174 40% 12840 19936 40% 230000 158301 47% 158000 83145 51% 9400 5640 60% 3600 2866 79.6% 2778.13 1976 86.68% 500 1794 50% 1000 605 36% 6900 2567 18.17% 3300 1368 20% 3000 800 20% 3261 756 9.01% 2000 540 27% 20000 200 1% 13333 60 0.45% 10000 67 0.67% 1443.47 1427.21 86.68% 205.5 90 43.8% 50 27.5 55% 2004 23

600 240 40% 500 175 35% 5000 90 1.8% 300 30 10% 1000 300 30% 690 90 13% 500 320 64% 3390 1542.79 45% 40000 27248.72 39% 1 2 [2002]41 40% 3 0.01% 0.003% -324,492.49 6,786.02 [1996]2 4 50% 7 4 5 50% 5 1 2004-6-30 2003-12-31 268,661.55 331,094.75 905,019,311.79 907,239,451.82 14,312,373.85 11,585,426.55 919,600,347.19 919,155,973.12 2 2004-6-30 2003-12-31 12,342,480.00 12,342,480.00-19,940,960.00 6,099,984.49 19,940,960.00 7,385,484.00 32,283,440.00 6,099,984.49 32,283,440.00 7,385,484.00 2004 24

6 30 1,285,499.51 3 2004-6-30 2003-12-31 51,510,000.00 57,686,474.00 : 51,510,000.00 57,686,474.00 26,560,000.00 24,950,000.00, 4 2004-6-30 2003-12-31 % % 1 1,379,760,232.80 95.20 5,090,919.36 863,327,287.03 97.30 3,985,035.09 1-2 64,296,000.08 4.44 6,429,600.01 17,226,362.13 1.94 1,722,636.21 2-3 3,326,395.70 0.23 665,279.14 4,677,314.86 0.53 935,462.97 3 1,858,220.00 0.13 1,403,110.00 2,080,587.43 0.23 1,613,181.43 1,449,240,848.58 100.00 13,588,908.51 887,311,551.45 100.00 8,256,315.70 1 1,332,067,589.06 2 1,059,011,556.58 73.07% 3 30.66% 260,631,989.02 4 331,910,626.38 2004 294,760,936.00 2004 171,708,005.18 2004 146,941,365.61 2004 113,690,623.41 2004 1,059,011,556.58 5 2004-6-30 2003-12-31 (%) (%) 1 62,121,627.08 77.55 56,822,405.45 85.04 1-2 17,253,864.54 21.55 8,740,072.91 13.08 2-3 689,952.85 0.86 780,342.85 1.17 3 35,722.84 0.04 479,536.57 0.71 80,101,167.31 100.00 66,822,357.78 100.00 5% 5% 6 2004 25

2004-6-30 2003-12-31 (%) (%) 1 164,128,583.99 88.02 2,270,642.92 45,375,312.64 73.63 2,608,890.56 1-2 13,036,268.04 6.99 809,828.30 8,451,665.24 13.72 845,166.52 2-3 7,115,452.44 3.82 463,254.63 5,532,142.24 8.98 1,106,428.45 3 2,185,306.55 1.17 6,633,203.20 2,259,705.34 3.67 1,622,891.09 186,465,611.02 100.00 10,176,929.05 61,618,825.46 100.00 6,183,376.62 1 21,072,431.20 11.30% 2 8,930,000.00 2003 4,006,132.00 2004 3,136,299.20 2004 3,000,000.00 2004 2,000,000.00 2004 21,072,431.20 3 5% 5% 7 2004-6-30 2003-12-31 57,339,404.58 67,044,817.55 53,128,908.80 54,294,820.43 30,930,827.30 19,451,643.98 76,060,616.87 64,393,363.88 104,096,833.30 82,967,367.29 3,274,104.15 3,794,944.48 9,339,942.66 4,289,892.13 334,170,637.66 296,236,849.74 37,933,787.92 (8) 41% 292,800,700.00 25 40% 1,181,742,000.00 10 40% 199,360,000.00 47% 1,583,012,620.91 50 51% 831,456,355.13 20 60% 56,400,000.00 2004 26

20 79.6% 28,657,200.00 20 71.13% 19,762,030.00 20 50% 17,939,400.00 30 36% 6,055,176.76 20 28.70% 25,670,600.00 20 20% 13,680,000.00 20 20% 8,000,000.00 20 9.01% 7,566,000.00 20 27% 5,400,000.00 15 1% 2,000,000.00 15 0.45% 600,000.00 15 0.67% 670,000.00 15 78.1% 7,811,800.00 15 90% 954,803.45 15 55% 279,667.97 15 40% 2,400,000.00 15 35% 175,000.00 39% 272,487,200.00 15 20% 4,000,000.00 15 1.8% 900,000.00 15 10% 300,000.00 15 30% 3,000,000.00 15 50% 4,000,000.00 15 13% 900,000.00 2004 27

2003-12-31 2004-6-30 1,409,206,033.31 207,575,922.27 196,444,531.37 1,420,337,424.21 20,548,483.05 258,305.25 20,290,177.80 56,288,111.23 5,558,203.00 3,960,000.00 57,886,314.23 12,805,305.26 13,562.60 12,791,742.66 17,701,300.03 1,751,284.97 19,452,585.00 7,566,000.00 7,566,000.00 6,164,205.18 524,814.61 5,639,390.57 2,000,000.00 2,000,000.00 600,000.00 600,000.00 670,000.00 670,000.00 730,970.76 430,970.76 300,000.00 283,400.28 283,400.28 2,185,920.10 12,067.95 2,173,852.15 1,800,262.17 919.24 1,799,342.93 931,073.46 931,073.46 250,000.00 250,000.00 900,000.00 900,000.00 300,000.00 300,000.00 3,113,962.31 812,727.26 3,926,689.57 450,000.00 450,000.00 17,433,958.08 156,594.82 17,590,552.90 3,000,000.00 420,544.19 2,579,455.81 900,000.00 900,000.00 4,000,000.00 4,000,000.00 5,538,538.63 5,538,538.63 1,565,828,985.22 225,393,270.95 203,696,789.43 1,587,525,466.74 2003-12-31 2004-6-30 10 232,205,680.11 14,439,166.14 217,766,513.97 10 44,314,728.75 3,073,439.84 41,241,288.91 10 40,508,227.01 2,479,973.08 38,028,253.93 10 4,483,500.00 274,500.00 4,209,000.00 10 607,211.54 607,211.54 10 657,042.22 657,042.22 10 93,841,153.70 2,215,812.27 91,625,341.43 322,776,389.63 93,841,153.70 22,482,891.33 394,134,652.00 1,888,605,374.85 319,234,424.65 226,179,680.76 1,981,660,118.74 2003-12-31 2004-06-30 3,000,000.00 3,000,000.00 2003-12-31 2004-6-30 1,891,605,374.85 319,234,424.65 226,179,680.76 1,984,660,118.74 2004 28

1 2 5.49%, 1 158,235.52 (9) 2003-12-31 2004-6-30 16,761,838,661.25 5,300,363,345.17 9,154,189.02 22,053,047,817.40 : 7,576,366,928.93 547,366,338.03 8,123,733,266.96 9,038,250,421.82 4,738,611,552.39 8,548,276.02 13,768,313,698.19 140,935,923.30 14,385,454.75 605,913.00 154,715,465.05 16,755,553,274.05 5,300,363,345.17 9,154,189.02 22,046,762,430.20 4,206,415,649.56 1,216,076,513.31 4,151,815.77 5,418,340,347.10 : 0.00 1,746,181,507.13 144,453,346.72 1,890,634,853.85 2,382,718,992.69 423,610,764.70 3,976,436.06 2,802,353,321.33 75,343,868.67 10,076,224.60 175,379.71 85,244,713.56 4,204,244,368.49 578,140,336.02 4,151,815.77 4,778,232,888.74 12,555,423,011.69 4,084,286,831.86 5,002,373.25 16,634,707,470.30 1:, 2 10 2004 29

2003-12-31 2004-6-30 ( ) 1 1,568,724 4,422,337,232.57 2,125,741,179.26 2,948,531,138.32 3,599,547,273.51 426,636 2,435,187,089.30 284,469,244.83 1,970,542,417.02 749,113,917.11 454,938 405,660,001.32 243,062,732.67 601,908,721.30 46,814,012.69 489,150 564,425,939.50 377,025,702.37 941,451,641.87 198,000 264,123,601.91 409,213,163.14 376,080,000.00 297,256,765.05 752,940,600.54 811,970,336.25 1,564,910,936.79 64.47% 7.88% 75.30% 5.04% 46.65% 2.81% 94.50% 1.25% 2 35,161 166,946,192.46 88,366,251.65 15,000,814.33 240,311,629.78 68.35% 3 10,764,114.70 13,148,991.00 19,787,465.70 4,125,640.00 1,603,885 4,600,047,539.73 2,227,256,421.91 2,983,319,418.35 3,843,984,543.29 1 2 (11) 2004-6-30 2003-12-31 231,834,768.13 83,819,267.08 1,737,262,357.63 1,122,261,840.86 46,814,012.69 76,733,466.65 2,015,911,138.45 1,282,814,574.59 (12) 2003-12-31 ( ) 2,598,000.00 2,157,787.44 64,950.00 465,475.00 2,092,837.44 203 7,005,512.03 5,934,624.59 237,958.00 210,068.28 1,016,004.43 5,962,514.31 3 115,254,816.92 71,964,401.89 43,290,415.03 1,799,110.02 1,799,110.02 113,455,706.90 3 124,858,328.95 80,056,813.92 43,528,373.03 2,074,128.30 3,280,589.45 121,511,058.65 1 2 2000 3: 2004 30

(13) 2003-12-31 2004-6-30 1,958,493.39 1,555,994.77 1,555,994.77 1,958,493.39 17,861,355.78 11,601,229.48 5,800,614.74 12,060,741.04 5,800,614.74 14,421,504.96 6,709,129.50 7,712,375.46 14,421,504.96 14,421,504.96 5,100,000.00 5,100,000.00 5,100,000.00 5,100,000.00 63,662.05 63,662.05 6,786,245.28 6,786,245.28 6,786,245.28 2,587,467.56 2,587,467.56 2,587,467.56 48,715,066.97 24,966,353.75 17,149,750.35 33,664,359.75 33,540,739.39 8,451,744.35 5 (14) 2004-6-30 2003-12-31 20,500,000.00 295,000,000.00 4,083,000,000.00 2,689,000,000.00 4,103,500,000.00 2,984,000,000.00 (15) 2004-6-30 2003-12-31 % % 1 1,724,840,081.26 92.62 1,039,526,601.34 94.73 1-2 108,560,426.68 5.83 53,188,536.67 4.85 2-3 20,767,898.12 1.12 1,495,949.00 0.14 3 8,057,696.11 0.43 3,149,422.15 0.28 1,862,226,102.17 100.00 1,097,360,509.16 100.00 1 5% 5% 2 182,474,803.57 3 3 1 4,097,094.00 2 3,960,602.11 8,057,696.11 2004 31

(16) 2004-6-30 2003-12-31 % % 1 510,488,991.02 74.50 489,061,472.19 81.52 1-2 131,262,067.57 19.16 78,032,570.43 13.01 2-3 29,241,976.31 4.27 20,440,569.60 3.41 3 14,205,080.45 2.07 12,380,382.34 2.06 685,198,115.35 100.00 599,914,994.56 100.00 1 9.79% - 12,185,800.00 2 56,086,421.25 2003 52,645,855.00 2003 51,180,875.00 2003 30,829,374.53 2003 13,207,000.00 2003 203,949,525.78 3 3 1 1,976,406.42 2 700,000.00 3 587,940.00 4 324,227.70 5 10,616,506.33 14,205,080.45 (17) 2004-6-30 2003-12-31 47,677,964.00 28,606,778.40 107,405,902.80 90,016,375.68 8,329,616.22 8,329,616.22 23,911,565.12 11,841,810.40 187,325,048.14 138,794,580.70 2004 32

(18) 2004-6-30 2003-12-31 89,479,360.94 90,222,080.96 4,748,444.63 6,101,094.83 32,008,193.90 30,391,987.86 3,408,942.05 6,014,149.09 129,644,941.52 132,729,312.74 (19) 2004-6-30 2003-12-31 5,045,715,849.61 4,859,093,520.00 3,352,478,799.37 1,897,299,207.08 8,398,194,648.98 6,756,392,727.08 (20) 5 2003 7 18 2,000,000,000.00 14,006,059.92 1,850,289,059.92 (21) 652,426,364.78 2000 1 66,948,865.92 2002 2 14,195,576.40 733,570,807.10 1 4% 2006 1 5 2004 6 30 652,426,364.78 2 2004 6 30 66,948,865.92 (22) 2003-12-31 2004-6-30 476,779,640.00 286,067,784.00 762,847,424.00 434,738,178.00 260,842,907.00 695,581,085.00 138,826,937.00 83,296,162.00 222,123,099.00 351,947,981.00 236,006,782.00 587,954,763.00 1,402,292,736.00 866,213,635.00 2,268,506,371.00 1 2003 18 2003 173 476,779,640 2004 4 762,847,424 2004 33

138,826,937 2004 4 222,123,099 [2004]131 2 3 (23) 2003-12-31 2004-6-30 ( 1) 2,099,062,991.37 141,934,318.00 844,430,953.00 1,396,566,356.37 ( 2) 53,041,502.39 12,034,600.00 65,076,102.39 ( 3) 5,359,786.50 237,577.42 5,597,363.92 2,157,464,280.26 154,206,495.42 844,430,953.00 1,467,239,822.68 1 10 6 2 3 (24) 2003-12-31 2004-6-30 319,539,916.87 319,539,916.87 159,642,515.97 159,642,515.97 479,182,432.84 479,182,432.84 (25) 2004-6-30 1,374,929,037.00 498,199,588.35 1,873,128,625.35 56,295,397.75 1,816,833,227.60 2004 34

(26) I 2004 2003 3,333,121,438.82 2,241,853,183.18 3,178,188,500.31 2,089,238,534.52 61,410,458.62 47,751,691.17 93,522,479.89 104,862,957.49 2,281,449,061.68 1,553,278,675.12 2,151,862,845.87 1,442,750,937.78 63,940,142.73 36,842,252.69 65,646,073.08 73,685,484.65 II 2004 2003 1,019,742,332.13 751,620,477.32 96,484,698.16 542,463,007.90 513,921,296.56 446,887,124.04 346,880,651.45 638,610,008.21 463,348,835.62 588,934,268.38 166,081,922.23 3,333,121,438.82 2,241,853,183.18 778,947,925.37 530,734,283.86 92,130,317.01 451,416,331.49 459,015,634.14 200,797,914.24 160,030,855.66 337,154,008.67 280,321,646.30 421,002,564.90 123,176,255.16 2,281,449,061.68 1,553,278,675.12 2004 35

(27) 2004 2003 226,966,633.61 181,879,122.02 2,246,685.68 2,272,229.36 6,434,971.04-91,639.88 231,154,918.97 179,698,532.54 51,456,386.43 (28) 2004 2003 207,575,922.27 128,804,401.09-258,305.25 324,516.20 5,558,203.00 4,757,998.30-13,562.60-630,013.34 1,751,284.97 1,949,511.05-524,814.61 7,008.43 156,594.82-305,701.34-22,482,891.33-20,267,079.06 1,285,499.51 1,568,629.89 2,680,175.32-1,394,495.86 195,422,404.76 115,120,476.70 : (29) 2004 2003 3,169,196.28 87,399.26 3,778,952.64 2,529,417.31 6,948,148.92 2,616,816.57 (30) 2004 2003 14,289,853.20 592,765.00 233,052.17 592,765.00 14,522,905.37 2000 10 2004 36

(31) 331,321,957.38 2004 2003 54,551,401.24 50,158,798.11 24,091,980.07 16,551,657.00 21,336,705.50 42,688,755.00 18,416,254.53 14,689,730.19 11,605,092.25 9,355,858.48 6,772,912.86 4,392,641.48 5,365,489.00 5,407,808.37 5,348,828.93 3,083,083.19 4,363,319.07 1,529,802.00 4,241,476.66 3,206,043.62 4,208,240.73 2,757,690.90 4,062,283.75 4,285,886.89 3,314,737.24 3,228,367.84 2,955,355.85 3,534,955.43 2,942,658.93 4,763,109.12 2,921,751.85 1,926,693.20 6 1 2004-6-30 2003-12-31 % % 1 441,541,192.41 100.00 4,102,600.19 248,266,281.06 99.08 2,015,616.78 1-2 - - 834,723.00 0.33 83,472.30 2-3 - - 795,193.75 0.32 159,038.75 3 - - 677,647.33 0.27 434,433.67 441,541,192.41 100.00 4,102,600.19 250,573,845.14 100.00 2,692,561.50 2 2004-6-30 2003-12-31 (%) (%) 1 107,670,382.56 90.70 3,212,946.53 29,383,562.26 80.72 2,147,790.56 1-2 2,616,785.90 2.20 261,678.59 1,821,983.91 5.01 182,198.39 2-3 4,915,254.62 4.14 983,050.92 3,576,434.48 9.82 715,286.90 3 3,501,857.33 2.96 2,939,582.86 1,618,702.07 4.45 971,786.06 118,704,280.41 100.00 7,397,258.90 36,400,682.72 100.00 4,017,061.91 3 2004 37

2003-12-31 2004-6-30 449,499,538.20 107,441,964.29 30,740,882.99 526,200,619.50 1,328,508,227.02-414,716.56 2,479,973.08 1,325,613,537.38 292,082,688.27 35,024,504.92 14,077,810.05 313,029,383.14 266,400,000.00 266,400,000.00 1,208,888,950.55 81,242,306.14 1,290,131,256.69 10,575,686.63 2,287,990.97 12,863,677.60 21,474,047.68 1,233,305.98 7,115,520.84 15,591,832.82 37,166,367.62 4,675,162.17 1,051.49 41,840,478.30 1,641,411,713.42 207,575,922.27 210,883,697.51 1,638,103,938.18 20,548,483.05 258,305.25 20,290,177.80 56,288,111.23 5,558,203.00 3,960,000.00 57,886,314.23 12,805,305.26 13,562.60 12,791,742.66 17,701,300.03 1,751,284.97 19,452,585.00 7,566,000.00 7,566,000.00 6,164,205.18 524,814.61 5,639,390.57 2,000,000.00 2,000,000.00 600,000.00 600,000.00 670,000.00 670,000.00 931,073.46 931,073.46-907,042.20 907,042.20-900,000.00 900,000.00 450,000.00 450,000.00-18,041,169.62 156,594.82 18,197,764.44 14,507,167.22 1,240,023.48 13,267,143.74 5,538,538.63 5,538,538.63 283,447,153.72 2,215,812.27 281,231,341.45 5,416,087,076.64 735,518,215.32 275,799,569.83 5,875,805,722.13 10 44,314,728.75 3,073,439.84 41,241,288.91 10 4,483,500.00 274,500.00 4,209,000.00 10 40,508,227.01 2,479,973.08 38,028,253.93 10 232,205,680.11 14,439,166.14 217,766,513.97 10 607,211.54 30,360.58 576,850.96 10 93,841,153.70 2,215,812.27 91,625,341.43 322,119,347.41 93,841,153.70 22,513,251.91 393,447,249.20 2004 38

4 2004 2003 1,208,125,992.97 1,160,678,816.39 1,159,945,482.38 1,104,614,012.26 48,180,510.59 47,751,691.17-8,313,112.96 955,297,550.24 916,064,433.35 915,665,320.13 872,942,832.09 39,632,230.11 36,842,252.69-6,279,348.57 5 2004 2003 81,030,814.11 60,160,889.19 59,881,964.29 49,917,947.42 35,024,504.92 2,506,053.48 4,649,076.80 3,105,000.59 1,233,305.98-1,192,217.83 2,287,990.97 2,028,058.88 207,575,922.27 128,804,401.09-258,305.25 324,516.20 5,558,203.00 4,757,998.30-13,562.60-630,013.34 1,751,284.97 1,949,511.05-524,814.61 7,008.43 10,959,953.72-305,701.34-414,716.56-22,482,891.33-20,267,079.06 1,285,499.51 1,568,629.89 1,303,463.63 821,046.10 388,541,992.48 232,293,120.50. 2004 39

7 1 ( ) 1600 33.63% 158000 51% 322000 40% 62884 41% 12840 40% 2778.13 86.68% 3600 79.6% 1000 36% 1443.47 86.68% 205.5 43.8% 50 55% 500 64% 9400 60% 40000 39% 2003 18 2003 173 476,779,640 2004 4 762,847,424 138,826,937 2004 4 222,123,099 [2004]131, 30.66%, 9.79% 47% 50% 45% 18.17% 20% 20% 40% 35% 13% 30% 20% 2004 40

2 146,941,365.61 10.24% 113,690,623.41 7.92% 12,185,800.00 1.78% 107,405,902.80 57.34% 47,677,964.00 25.45% 8,329,616.22 4.45% 2004 41 494,282,497.31 14.83% 2003 18 2003 173 476,779,640 2004 4 762847424 138,826,937 2004 4 222123099 [2004]131 8 2002 2001 179,688,233.70 14,096,753,312.00 47% 115,481 2002 60% 3 2002 40% 78,750 2003 2 10,000 47% 4,700 2003 12 28 2003 2 50,000 47% 23,500 2003 4 60% 58,200 2003 10 40% 46,830 2003 11

50% 500 2003 11 40% 2 2003 11 60% 3 2004 5 60% 3 9 10 2004 42

2004 43

2004 6 30 5-1 919,600,347.19 919,155,973.12 228,988,596.47 287,345,795.54 5-2 26,183,455.51 24,897,956.00 26,183,455.51 24,897,956.00 5-3 51,510,000.00 57,686,474.00 9,359,762.01 34,005,365.35 16,392,747.79 5-4 1,175,019,951.05 750,103,809.69 176,806,603.20 118,929,857.58 5-6 176,288,681.97 55,435,448.84 111,307,021.51 32,383,620.81 5-5 80,101,167.31 66,822,357.78 35,147,727.47 6,744,735.03 5-4 260,631,989.02 128,951,426.06 260,631,989.02 128,951,426.06 5-7 334,170,637.66 296,236,849.74 66,108,427.87 114,488,844.85 9,041,269.59 5,227,523.27 1,975,856.45 3,950,912.45 3,032,547,499.30 2,313,877,580.51 941,155,042.85 734,085,896.11 5-8 1,981,660,118.74 1,888,605,374.85 5,875,805,722.13 5,416,087,076.64 3,000,000.00 3,000,000.00 1,984,660,118.74 1,891,605,374.85 5,875,805,722.13 5,416,087,076.64 5-8 394,134,652.00 322,776,389.63 5-9 22,053,047,817.40 16,761,838,661.25 5,521,189,824.93 5,519,963,014.21 5,418,340,347.10 4,206,415,649.56 2,371,319,024.88 2,218,772,989.16 16,634,707,470.30 12,555,423,011.69 3,149,870,800.05 3,301,190,025.05 16,634,707,470.30 12,555,423,011.69 3,149,870,800.05 3,301,190,025.05 5-11 2,015,911,138.45 1,282,814,574.59 107,218,940.44 170,852.29 5-10 3,843,984,543.29 4,600,047,539.73 269,362,407.52 110,668,242.49-135,000.00 22,494,468,152.04 18,438,285,126.01 3,526,452,148.01 3,412,029,119.83 5-12 121,511,058.65 80,056,813.92 2,725,831.00 2,762,266.33 5-13 8,451,744.35 24,966,353.75 5,864,276.79 12,212,509.43 129,962,803.00 105,023,167.67 8,590,107.79 14,974,775.76 27,641,638,573.08 22,748,791,249.04 10,352,003,020.78 9,577,176,868.34 2004 44

2004 6 30 5-14 4,103,500,000.00 2,984,000,000.00 1,580,000,000.00 1,250,000,000.00 5-15 1,862,226,102.17 1,097,360,509.16 172,115,574.61 189,572,203.63 168,145,675.98 61,837,148.79 6,837,567.11 3,976,950.00 95,264,403.53 92,881,202.49 41,291,551.96 27,060,800.85 56,626,333.45 35,857,016.10 25,621,524.50 20,434,726.56 5-17 187,325,048.14 138,794,580.70 163,450,518.52 126,989,805.80 5-18 129,644,941.52 132,729,312.74 25,225,943.22 48,599,549.73 24,503,933.96 10,066,958.91 7,348,930.69 1,421,548.96 5-16 685,198,115.35 599,914,994.56 133,400,763.46 189,970,177.05 51,816,821.62 2,918,829.98 16,744,452.41 1,700,700.00 159,458,160.80 107,665,100.86 218,772.00 218,772.00 7,523,928,308.52 5,264,025,654.29 2,172,255,598.48 1,859,726,462.58 5-19 8,398,194,648.98 6,756,392,727.08 5-20 1,850,289,059.92 2,007,236,529.68 1,850,289,059.92 2,007,236,529.68 5-21 733,570,807.10 729,058,140.34 14,195,576.40 21,713,881.10 19,499,518.56 11,130,000.00 57,065.30 57,065.30 228,637,651.20 228,637,651.20 228,637,651.20 228,637,651.20 11,230,191,685.76 9,732,512,113.60 2,093,122,287.52 2,257,645,127.28 18,754,119,994.28 14,996,537,767.89 4,265,377,886.00 4,117,371,589.86 ( ) 2,855,756,724.68 2,338,384,995.05 5-22 2,268,506,371.00 1,402,292,736.00 2,268,506,371.00 1,402,292,736.00 2,268,506,371.00 1,402,292,736.00 2,268,506,371.00 1,402,292,736.00 5-23 1,467,239,822.68 2,157,464,280.26 1,467,239,822.68 2,157,464,280.26 5-24 479,182,432.84 479,182,432.84 391,979,400.27 391,979,400.27 159,642,515.97 159,642,515.97 102,146,073.28 102,146,073.28 5-25 1,816,833,227.60 1,374,929,037.00 1,958,899,540.83 1,508,068,861.95 6,031,761,854.12 5,413,868,486.10 6,086,625,134.78 5,459,805,278.48 27,641,638,573.08 22,748,791,249.04 10,352,003,020.78 9,577,176,868.34 2004 45

2004 1-6 5-26 3,333,121,438.82 2,241,853,183.18 1,208,125,992.97 1,160,678,816.39 5-26 2,281,449,061.68 1,553,278,675.12 955,297,550.24 916,064,433.35 44,680,315.46 29,796,994.09 14,504,035.46 15,721,064.76 1,006,992,061.67 658,777,513.97 238,324,407.27 228,893,318.28 8,930,255.69 7,317,624.64 77,983.44 183,834.96 6,072,080.64 7,956,414.97 1,153,166.99 162,374,900.27 59,286,715.61 56,842,325.27 26,289,330.18 5-27 231,154,918.97 179,698,532.54 40,246,502.08 60,256,187.55 616,320,417.48 419,153,475.49 141,313,563.36 141,378,468.52 5-28 195,422,404.76 115,120,476.70 388,541,992.48 232,293,120.50 5-30 592,765.00 14,522,905.37 503,935.00 14,340,598.74 5-29 6,948,148.92 2,616,816.57 2,306,811.12 1,630,544.12 805,387,438.33 546,180,040.99 528,052,679.72 386,381,643.64 68,749,003.28 45,683,065.94 20,926,603.09 23,091,175.58 238,438,846.70 137,206,506.99 498,199,588.35 363,290,468.06 507,126,076.63 363,290,468.06 1,374,929,037.00 838,760,992.02 1,508,068,861.95 921,471,201.89-1.74-1.72-1.74-1.72 ( ) : : 1,873,128,623.61 1,202,051,458.36 2,015,194,936.84 1,284,761,668.23 : 1,873,128,623.61 1,202,051,458.36 2,015,194,936.84 1,284,761,668.23 56,295,396.01 56,295,396.01 1,816,833,227.60 1,202,051,458.36 1,958,899,540.83 1,284,761,668.23 1 2,386,892.29 2,386,892.29 2 3 4 5 6 2004 46

2004 1-6 3,601,927,114.65 1,123,121,323.13 16,317.66 172,224,867.62 184,050,075.57 3,774,168,299.93 1,307,171,398.70 1,542,519,704.81 533,169,445.34 394,852,726.62 198,789,102.70 618,729,096.33 222,289,094.60 331,321,957.38 248,666,844.57 2,887,423,485.14 1,202,914,487.21 886,744,814.79 104,256,911.49 1,200,000.00 233,280,483.52 259,339,439.34 1,728,447.08 1,288,800.00 29,742,687.02 7,874,720.00 7,874,720.00 273,826,337.62 268,502,959.34 2,474,660,933.02 264,354,497.06 351,056,500.00 345,947,200.00 31,039,509.06 2,856,756,942.08 610,301,697.06-2,582,930,604.46-341,798,737.72 87,440,000.00 87,440,000.00 4,977,260,000.00 1,380,000,000.00 951,587.41 5,065,651,587.41 1,380,000,000.00 2,969,204,864.73 1,150,018,900.00 397,228,890.79 50,796,472.84 76,051,458.46 2,587,668.15 3,369,021,423.67 1,200,815,372.84 1,696,630,163.74 179,184,627.16 444,374.07-58,357,199.07 2004 47

2004 1-6 1 498,199,588.35 507,126,076.63 9,326,145.24 4,790,235.68 238,438,846.70 575,169,308.17 156,667,242.93 2,074,128.30 104,806.70 33,664,359.75 5,800,614.74-3,813,746.32 1,975,056.00 48,897,991.64 15,043,752.41 ( ) 3,169,196.28 882,545.16 228,811.12 228,811.12 231,154,918.97 40,246,502.08 : -195,422,404.76-388,541,992.48 : : -42,362,481.87 33,568,133.25-403,439,672.27-129,456,123.05-108,540,174.51-144,178,749.68 886,744,814.79 104,256,911.49 2 163,717,000.00 163,717,000.00 3 919,600,347.19 228,988,596.47 : : : 919,155,973.12 287,345,795.54 : 444,374.07-58,357,199.07 2004 48

14,439,692.32 9,326,145.24 23,765,837.56 8,256,315.70 5,332,592.81 13,588,908.51 6,183,376.62 3,993,552.43 10,176,929.05 7,385,484.00 1,285,499.51 6,099,984.49 7,385,484.00 1,285,499.51 6,099,984.49 2004 1 6 % 16.695 17.633 0.444 0.620 10.218 10.792 0.272 0.379 8.260 8.724 0.220 0.307 8.297 8.764 0.221 0.308 2004 49