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GUANGDONG ELECTRIC POWER ( ) ( ) ( ) (020)87609276 (020)87609909 DEVELOPMENT CO., LTD. [ GED] (020)87609681 87604922 (020)87609909 498 10 510075 ( ) 75 21 510600 498 10 510075 gpedco public. guangzhou. gd. cn http://www.ged.com.cn ( ) The Asian Wall Street Journal 3
http //www.cninfo.com.cn ( ) A B 0539 2539 ( ) 1,931,828,046.85 970,292,208.75 1,002,636,143.90 2,219,878,421.91 --- 1,957,528,178.89 7,467,424.55 --- 33,167,556.59 1,692,948,553.32 684,958,601.40 4
( ) 2000 1999 1998 1. 4,288,092,115.21 3,436,918,008.02 3,436,918,008.02 2,752,134,477.33 2,752,134,477.33 2. 970,292,208.75 834,603,648.54 834,603,648.54 706,473,066.31 692,747,602.19 3. 11,299,123,769.90 8,585,982,043.56 8,587,589,344.58 7,776,696,306.53 7,820,548,144.33 4. 4,735,574,497.92 4,203,100,969.17 4,203,100,969.17 3,754,807,920.63 3,756,314,065.33 5. 0.377 0.648 0.648 0.549 0.538 0.377 0.648 0.648 0.549 0.538 0.389 0.648 0.648 0.549 0.538 6. 1.84 3.26 3.26 2.92 2.92 7. 1.78 3.22 3.22 2.58 2.58 8. % ( ) 20.49 19.84 19.86 18.82 18.44 20.81 18.33 18.33 18.63 18.89 9. 0.66 1.24 1.24 0.79 0.79 % 46.88 47.61 0.86 0.86 41.34 41.98 0.76 0.76 20.49 20.81 0.377 0.377 21.17 21.50 0.389 0.389 5
(1) (2) (3) ROE ROE = P E 0 + NP 2 + E i M i M 0 E j M j M 0 P NP E 0 E i E j M 0 M i M j (4) EPS EPS = P S 0 + S 1 + S i M i M 0 S j M j M 0 P S 0 S 1 S i S j M 0 M i M j (5) (6) [ ] (7) 1998 1999 128,770.2 2000 257,540.4 265,940.4 6
( ) 2000 1 12 1999 1 12 970,292 834,604 19,651 8,552 (10,900) --- (9,746) --- (1,587) --- 8,450 5,937 --- --- (2,683) (4,329) (2,373) 2,121 971,104 846,885 ( ) : 1,287,702,000.00 1,503,482,141.76 1,192,249,816.35 156,084,834.09 219,667,011.06 4,203,100,969.17 1,287,702,000.00 -- 388,116,883.51 48,514,610.44 -- 1,675,818,883.51 --- 1,030,161,600.00 --- --- 113,183,754.76 1,143,345,354.76 2,575,404,000.00 473,320,541.76 1,580,366,699.86 204,599,444.53 106,483,256.30 4,735,574,497.92 7
( ) 1 :. 1. 776,587,500 155,317,500 621,270,000 776,587,500 1,553,175,000 : 666,900,000 133,380,000 533,520,000 666,900,000 1,333,800,000 109,687,500 21,937,500 87,750,000 109,687,500 219,375,000 2. 24,706,500 4,941,300 19,765,200 24,706,500 49,413,000 3. 4. 801,294,000 160,258,800 641,035,200 801,294,000 1,602,588,000. 1. 153,738,000 30,747,600 122,990,400 153,738,000 307,476,000 2. 332,670,000 66,534,000 266,136,000 332,670,000 665,340,000 3. 4. 486,408,000 97,281,600 389,126,400 486,408,000 972,816,000. 1,287,702,000 257,540,400 1,030,161,600 1,287,702,000 2,575,404,000 2 (1) (2) 10 2 8 (3) ( ) 1 2000 12 31 66,553 8
2 2000 12 31 ( ) (%) 1,333,800,000 51.79 87,750,000 3.41 TEMPLETON WORLD FUND,INC. 64,681,530 2.51 43,875,000 1.70 43,875,000 1.70 43,875,000 1.70 TEMPLETON GLOBAL SMALLER COMPANIES FUND,INC. 12,450,417 0.48 BEST RELIANCE INVESTMENTS LTD 10,397,626 0.40 INTL NEDERLANDEN BANK (ING BANK)GLOBAL CUSTODY NV 8,424,000 0.33 7,882,420 0.31 (1) (2) 1999 1 16 2000 7 28 41,207,400, 3 10% 10% 51.79% 117.76 4 1999 1999 2000 5 16 39 789,216,382 1,287,702,000 61.29% 9
A 24 777,955,707 B 15 11,260,675 1 1999 2 1999 3 1999 4 1999 5 1999 1999 83,460.36 (1) 83,460.36 10% 8,346.04 25% 20,865.09 5% 4,173.02 (2) 50,076.22 10,521.54 60,597.76 A 10 3 B 10 3 21,966.70 6 1999 7 Arthur Andersen & Co. 8 6,000 60,423,904.11 224.66 9 10
2000 2000 2000 10 16 51 871,107,581 1,287,702,000 67.65% A 20 790,680,272 B 31 80,427,309 1 2000 2 2000 3 2000 4 2000 2000 69,618.71 47,652.01 74,104.10 2000 69,618.71 (1) 47,652.01 10% 4,765.20 25% 11,913.00 5% 2,382.60 (2) 28,591.21 21,966.70 50,557.91 128,770.2 30,904.848 10 2 0.4 A 103,016.16 10 8 11
5 2000 6 A 15.25 7 A (1) A (2) 8,400 (3) A A (4) (5) A 25% 2,100 A 75% 6,300 10 1 12
8 A 9 A 10 11 A 12 A 13 A 14 A 2000 10 17 2001 10 16 15 A 2000 5 17 2000 10 17 ( ) The Asian Wall Street Journal( ) ( )2000 2000 2000 3 #4 205 111.45 3,185 1,336 6.44% 8.34% 1 13
2000 111.45 76.8 145.12% 1999 87.71 23.74 27.07% 76.84 20.47% 2000 2000 GDP 10.5% 21.3% 2 2000 A 51% B 1999 2000 + % 38.87 40.81 + 4.99 34.31 54.59 + 59.11 B 14.53 16.05 + 10.46 35.86 37.85 + 5.55 32.35 51.71 + 59.85 B 13.21 14.63 10.75 7.74 7.26 0.48 % 5.71 5.28 0.43 B 9.08 8.84 0.24 375 364 11 / 358 338 20 B 429 419 10 2000 3 14
( )2000 2000 2000 12 31 1,129,912.38 1999 858,598.20 31.60% 512,188,51 1999 420,310.10 21.86% 2000 428,809.21 97,029.22 83,460.36 16.26% 1 2 ( ) 1 2000 36,528.56 65% 5,250 2 2000 ( )2001 1 2001 158.05 41.8% A 36 A 37.2 57.6 B 13.75 10 13.5 2 2001 5 11,075 11,300 A A B 3 A 15
A 8,400 2001 1 3 4 5 5,250 3,200 20% ( ) 1 2000 4 3 1999 8 17 2000 8 23 A A 2 1999 2000 1999 1999 2000 2000 A A A 16
( ) 1 ( ) 59 1999.5 2002.5 9,750 19,500 46 1999.5 2002.5 0 0 46 1999.5 2002.5 0 0 69,164 57 1999.5 2002.5 780 1,560 151,677 56 1999.5 2002.5 0 0 40 1999.5 2002.5 0 0 62,901 46 1999.5 2002.5 0 0 56 1999.5 2002.5 0 0 36 1999.5 2002.5 0 0 41 1999.5 2002.5 0 0 46 1999.5 2002.5 0 0 35 1999.5 2002.5 0 0 61 1999.5 2002.5 117 234 38 1999.5 2002.5 143 286 51,722 34 1999.5 2002.5 0 0 49,337 39 1999.5 2002.5 6,240 12,480 55,988 45 1999.5 2002.5 0 0 53,852 17,030 34,060 2 2000 1,495 1,221 274 1,141 93.45% 549 48.12% 38 3.11% 42 3.44% 251 20.56% 17
2% A ( ) 2000 2001 1 2000 118,995.9 181,861.7 2000 97,029.2 97,110.4 118,955.9 2000 49,965.6 10% 4,765.2 25% 11,913.0 5% 2,382.6 30,904.8 2000 49,337.2 10% 4,937.7 25% 12,344.3 5% 2,468.9 29,626.3 19,653.1 2000 49,279.4 2000 2,575,404,000 A 10 1.5 B 10 1.5 2000 A A A A 10 1.5 ( ) 2000 2 2001 2001 2001 (1) 18
(2) 2001 2001 (3) 2001 60% (4) 2000 2001 50% (5) 2001 50% 2001 ( ) The Asian Wall Street Journal( ) 2000 2000 1999 2000 1999 2000 19
2000 111.45 76.8 145.12% 87.71 27.07% 2000 112.99 51.22 31.57% 21.87% 428,809 193,183 97,029 83,460 16.26% 0.377 500 500 36,528.56 65% 152,549.88 A 10 2 8 0.4 A 2001 1 20
2 [2000]124 3 ( ) 2000 5 1999 687 688 2000 7 19 [2000]93 2000 12 31 2000 8 25 2000 627 628 1999 9 6000 2000 6 2000 10 31 3.38% 21
22 34% ( ) ( ) ( ) [ ] ( ) [ ] ( ) 1 2 3 ( ) ( ) ( ) ( )
( ) (2001) 80268 : 2000 12 31 2000 2000 12 31 2000 : : 509 30 23
2000 12 31 : 1999.12.31 2000.12.31 1999.12.31 2000.12.31 : 1 1,055,482,210.66 91,795,085.66 2,258,463,740.40 1,573,505,139.00 2 69,718,800.00 65,928,134.19 69,718,800.00 65,928,134.19 2 47,000,000.00 47,000,000.00 47,000,000.00 47,000,000.00 22,718,800.00 18,928,134.19 22,718,800.00 18,928,134.19 3 1,080,000.00 600,000.00 1,080,000.00 600,000.00 4-1,350,000.00-1,350,000.00 5-101,091,491.77 271,399,823.56 598,620,599.84 6 38,686,640.76 37,703,278.01 60,765,501.06 89,054,093.28 13,429,420.61 18,729,744.99 14,309,856.65 20,373,960.84 25,257,220.15 120,065,024.79 317,855,467.97 667,300,732.28 7 134,172,960.94 1,645,948,880.99 158,471,726.46 1,660,123,700.99 8 - - 85,119,486.75 108,786,338.55 8 - - 887,855.37 887,855.37 - - 84,231,631.38 107,898,483.18 9 - - 522,397.72 1,190,583.03 1,238,711,191.75 1,878,687,125.63 2,843,343,763.93 4,030,896,772.67 : 10 10 2,387,872,444.34 2,949,567,434.20 62,823,084.03 175,991,061.89 10 233,958,100.00 18,859,121.60 18,060,000.00 18,859,121.60 2,621,830,544.34 2,968,426,555.80 80,883,084.03 194,850,183.49 - - - - 2,621,830,544.34 2,968,426,555.80 80,883,084.03 194,850,183.49-69,146,320.00-69,146,320.00 : 11 1,543,062,939.22 1,521,524,769.26 5,943,400,833.75 6,960,273,027.41 : 11 886,643,012.35 944,374,930.24 1,690,658,967.42 2,067,486,936.15 656,419,926.87 577,149,839.02 4,252,741,866.33 4,892,786,091.26 12 - - 5,070,336.51 6,348,317.46 13 66,044,233.78 102,820,224.48 712,965,852.73 1,513,003,999.27 441,416.18 441,416.18 7,852,488.39 443,409.72 14 2,586,793.65 4,553,131.66 2,666,712.71 4,553,131.66 725,492,370.48 684,964,611.34 4,981,297,256.67 6,417,134,949.37 15 194,289,657.46 181,599,408.22 628,454,880.29 602,890,017.99 16-37,913,897.75 53,351,846.38 17-14,089,160.89-194,289,657.46 181,599,408.22 680,457,938.93 656,241,864.37 4,780,323,764.03 5,713,677,700.99 8,585,982,043.56 11,299,123,769.90 24
2000 12 31 : 1999.12.31 2000.12.31 1999.12.31 2000.12.31 : 18-400,000,000.00-200,000,000.00 19-34,301,352.57 18,072,111.51 92,966,538.25 67,448,972.53-67,448,972.53-35,678,895.80 45,055,199.92 36,439,442.40 45,067,109.92 20 386,310,600.00 420,013,620.00 386,310,600.00 445,013,620.00 337,063.97 639,365.92 2,926,841.26 3,431,004.84 21 16,111,733.91 23,662,226.66 148,027,740.52 285,679,785.14-446,951.83-82,404.43 2,079,068.54 357,044.94 22 73,594,585.58 57,217,828.16 128,680,415.91 324,382,566.74 23 909,577.34-10,953,715.69 10,090,434.08 579,944,477.30 980,807,188.80 800,938,908.36 1,406,988,103.91 : 24 - - 1,407,491,900.00 2,720,000,000.00 25-2,721,682.44-2,703,985.73-29,084,903.11-74,378,189.10-2,721,682.44-2,703,985.73 1,378,406,996.89 2,645,621,810.90 577,222,794.86 978,103,203.07 2,179,345,905.25 4,052,609,914.81 - - 2,203,535,169.14 2,510,939,357.17 : 26 1,287,702,000.00 2,575,404,000.00 1,287,702,000.00 2,575,404,000.00 27 1,503,482,141.76 473,320,541.76 1,503,482,141.76 473,320,541.76 28 1,192,249,816.35 1,580,366,699.86 1,192,249,816.35 1,580,366,699.86 156,084,834.09 204,599,444.53 156,084,834.09 204,599,444.53 29 219,667,011.06 106,483,256.30 219,667,011.06 106,483,256.30 4,203,100,969.17 4,735,574,497.92 4,203,100,969.17 4,735,574,497.92 4,780,323,764.03 5,713,677,700.99 8,585,982,043.56 11,299,123,769.90 25
2000 : 1999 2000 1999 2000 30 1,238,577,285.00 1,243,410,285.75 3,436,918,008.02 4,288,092,115.21 : - - - - 1,238,577,285.00 1,243,410,285.75 3,436,918,008.02 4,288,092,115.21 30 660,789,620.99 680,146,158.94 1,615,887,268.34 2,023,131,984.29 12,274,769.07 12,272,083.32 34,125,286.00 45,081,709.01 565,512,894.94 550,992,043.49 1,786,905,453.68 2,219,878,421.91 - - 320.34 - : - - 887,855.37 - - - - - 31 80,715,328.26 76,801,793.12 199,149,498.40 205,340,723.17 32-15,327,629.07-16,470,116.29 5,974,739.41 57,009,519.85 500,125,195.75 490,660,366.66 1,580,893,680.84 1,957,528,178.89 33 400,253,205.70 543,894,570.15-28,681,045.03 7,467,424.55 - - - - 385,434.50 644,377.00 385,434.50 668,275.69 34 1,428,856.25 3,526,487.40 2,114,968.25 33,835,832.28 899,334,979.70 1,031,672,826.41 1,550,483,102.06 1,931,828,046.85 : 35 64,731,331.16 61,380,617.66 311,345,913.64 455,071,787.49 - - 404,533,539.88 506,464,050.61 834,603,648.54 970,292,208.75 834,603,648.54 970,292,208.75 36 105,215,421.94 219,667,011.06 105,215,421.94 219,667,011.06 - - - - 939,819,070.48 1,189,959,219.81 939,819,070.48 1,189,959,219.81 83,460,364.85 97,029,220.88 83,460,364.85 97,029,220.88 41,730,182.43 48,514,610.44 41,730,182.43 48,514,610.44 814,628,523.20 1,044,415,388.49 814,628,523.20 1,044,415,388.49 208,650,912.14 242,573,052.19 208,650,912.14 242,573,052.19 386,310,600.00 437,818,680.00 386,310,600.00 437,818,680.00-257,540,400.00-257,540,400.00 219,667,011.06 106,483,256.30 219,667,011.06 106,483,256.30 26
2000 1 570,380,000.00 3,251,426,831.97 2-382,000.00 3 24,495,686.85 56,226,780.51 4 594,875,686.85 3,308,035,612.48 8 9 108,644,953.11 375,824,472.80 10 - - 11 59,291,273.75 150,825,142.89 12 128,047,466.78 530,242,494.35 13 65,174,773.39 336,803,767.46 14 19,600,150.60 63,756,717.66 15 15,819,990.06 157,634,464.00 20 396,578,607.69 1,615,087,059.16 21 22 198,297,079.16 1,692,948,553.32 23 233,188,765.81 17,290,665.81 24 376,643,305.34 5,534,405.89 25 - - 26-4,054,125.34 30 10,556,272.57 557,309.77 31 620,388,343.72 27,436,506.81 32 39,749,251.53 628,121,654.70 33 422,261,605.00 422,261,605.00 34 - - 40 1,525,498,811.56 1,525,498,811.56 41 1,987,509,668.09 2,575,882,071.26 42-1,367,121,324.37-2,548,445,564.45 43 - - 44 - - 45 400,000,000.00 985,000,000.00 50 - - 51 400,000,000.00 985,000,000.00 52-207,491,900.00 53 - - 54 194,784,088.22 462,445,694.85 54-1 267,661,606.63 27
2000 55-144,411,281.82 56 - - 57 - - 62 - - 63 194,784,088.22 814,348,876.67 64 205,215,911.78 170,651,123.33 65-78,791.57-112,713.60 66-963,687,125.00-684,958,601.40 71 72 - - 73 - - 74 - - 75 - - 76 - - 77 78 970,292,208.75 970,292,208.75 79-506,464,050.61 80 5,300,924.03 6,131,086.76 81 92,968,490.97 424,357,516.40 82 12,690,249.24 70,399,905.55 83 2,935,305.04 32,664,369.92 84-86,666,730.95 85-543,894,570.15-7,467,424.55 86 - - 87 - -23,666,851.80 88-86,385,237.51-449,863,194.63-89 -255,610,291.21 76,970,155.36 90-91 198,297,079.16 1,692,948,553.32 92 93 91,795,085.66 1,573,505,139.00 94 1,055,482,210.66 2,258,463,740.40 95 - - 96 - - 97-963,687,125.00-684,958,601.40 28
2000 : 1 1992 9 8 [1992]54 1992 11 3 2 B ( [1995]13 ) B ( [1995]23 ) B 1995 11 10 [1995]170 1996 2 5 ( : 002753 ) : ( ) 1997 9 8 99,054 1998 5 26 1998 6 18 29,716.2 1999 7 14 128,770.2 2000 10 16 2000 A 10 2 0.4 8 B 10 2 0.4 8 2000 103,016.16 25,754.04 3 : ( ) 4 : 75 21 498 29
10 1 2 1 1 12 31 3 4 ( ) 5 1 6 7 3 2 100 10%--50% 1 2 3 30
8 9 10 1 2 50% 20% 20% 50% 20% 10 10 10 10 31
(3 11 A 2000 B C 1994 7 1 ( 3%) : (%) 10-35 2.86 10 22-50 2 4.55 8-20 4.85 12.13 8-15 6.67 12.13 6-22 4.55 16.67 12 13 (1) : : 1993 1 25 32
: #3 1999 6 10 #4 2000 4 10 11,416,540, [2000]5 (2) : 1993 1 15 (3) [1998]4 1999 1 18 1999 1 10 14 : 5 15 16 17 18 [1995]11 [1996]2 17% 5% : 33
*1 12% 33% *2 7.5% 33% *1 1999 6 10 010457 1996 2 24% 1996 2 1997 12 1998 1 2000 12 12% *2 [1997]185 15% 1998 5 7 [1998]045 1998 7.5% 1 2,875,440,000.00 1,466,474.400.00 51% 1,000,000,000.00 510,000,000.00 51% 450,000,000.00 292,500,000.00 65% 2 3 1 2000 12 2 2000 7 65% 2000 12 31 #10 168 34
1 1999.12.31 2000.12.31 28,281.58 28,281.58 43,360.57 43,360.57 2,258,309,673.48 2,258,309,673.48 1,573,448,706.69 1,573,448,706.69 USD4,097.21 8.2793 33,922.03 HKD86,248.53 1.0651 91,863.31 HKD12,315.56 1.0614 13,071.74 2,258,463,740.40 1,573,505,139.00 2000 12 31 1999 12 31 A 2 1999.12.31 2000.12.31 60,000,000.00 42,000,000.00 * 57,928,134.19 * 42,000,000.00 9,718,800.00 5,000,000.00 ** 8,000,000.00 ** 5,000,000.00 69,718,800.00 47,000,000.00 65,928,134.19 47,000,000.00 * 1997 9 6,000 1998 10 6, 1999 1 16 35
1999 9 1999 70% 4200, 2000 6 16 2000 10 31 2,071,865.81 ** 1993 7 13 500 106 1993 7 13 1994 7 13 1999 500 3 1999.12.31 2000.12.31 1,080,000.00 600,000.00 1,080,000.00 600,000.00 4 1999.12.31 2000.12.31 1,350,000.00 1,350,000.00 5 1999.12.31 2000.12.31 1 271,399,823.56 814,199.47 598,620,599.84 1,795,861.80 271,399,823.56 814,199.47 598,620,599.84 1,795,861.80 36
51.79% 25 2000 12 31 1999 12 31 120.57% 4# 6 1999.12.31 2000.12.31 (%) (%) 1 20,495,833.51 33.73 61,487.50 47,273,660.55 53.08 145,186.44 1 2 1,824,776.83 3.00 5,474.33 1,084,412.02 1.22 1,084.63 2 3 10,006,914.50 16.47 20.74 3,041,044.49 3.41 5,502.36 3 28,437,976.22 46.80 13,428,674.61 37,654,976.22 42.29 18,426,325.61 60,765,501.06 100 13,495,657.18 89,054,093.28 100 18,578,099.04 : 45,792,112.55 1999 * *1 16,847,808.22 1995 *2 10,000,000.00 1997 *3 10,000,000.00 1996 1,395,077.67 2000 *1 1995 16,822,966.44 24,841.78 1998 10 10 1999 3 22,,, 1999 5 10,, 37
3 1999 50% 8,423,904.11 *2 1000 1998 6 23, 2000 50% 500 *3 1000 500 1996 8 14 1997 5 14 500 1996 11 6 1997 5 6,, 1999 9 13,, 1999 12 22, 1999 50% 500 2000 5 [2000]93 2000 89 2000 627 628 2000 12 31 5% 7 1999.12.31 2000.12.31 1 155,918,329.46 1,657,756,700.99 1 2 2,553,397.00 1,447,000.00 2 3 --- 920,000.00 3 --- --- 158,471,726.46 1,660,123,700.99 : 38
*1 525 498 811.56 2000 A A ( ) **120,000,000.00 1999 3,388,000.00 2000 3,183,000.00 2000 800,000.00 2000 * 2000 10 16 A 2000 12 A ** 1994 11 28 A ( ), A ( ). 51.79% 1,645,498,811.56 A A ( ) 2000 12 31 1999 12 31 A 8 1999.12.31 2000.12.31 25,677,952.29 887,855.37 48,191,795.81 * 887,855.37 59,441,534.46 60,594,542.74 85,119,486.75 887,855.37 108,786,338.55 887,855.37 * 1995 1999 12 31 2601 887,855.37 1999 2000 39
12 31 9 1999.12.31 2000.12.31 260,667.20 260,667.20 483,944.75 483,944.75 522,397.72 447,881.08 524,307.72 445,971.08 522,397.72 1,192,493.03 524,307.72 1,190,583.03 10 1999.12.31 2000.12.30 62,823,084.03 135,057,722.08 21,889,744.22 175,991,061.89 18,060,000.00 799,121.60 18,859,121.60 80,883,084.03 135,856,843.68 21,889,744.22 194,850,183.49 1 6,850,051 0.68% 14,128,402.74 6,850,051 0.68% 14,128,402.74 * 69,146,320.00 - - 25% 6,489,203.44-799,234.44 1,489,203.44 ** - 51% 19,844,100.00 - - - 40% 6,228,010.91-168,010.91 168,010.91 40
- 3,531,353.07 - - - 25% 4,123,671.73-1,123,671.73 1,123,671.73 *** - 3.125% 52,500,000.00 - - 161,862,659.15 2,090,917.08 2,780,886.08 * 175,991,061.89 2,090,917.08 2,780,886.08 72,785,600.00 3,639,280.00 69,146,320.00 10 9 72,785,600.00 3,639,280.00 69,146,320.00 2000 7, 365,285,600.00 450,000,000.00 65% 292,500,000.00 72,785,600.00 ** 1994 70% #5 1995 #5 2000 12 2 #5 1 200MW 51% 29% 20% #5 11,075 *** 2000 52,500,000.00 1.05 1 41
50,000,000.00 3.125% 2 * 6,859,121.60 10 7.56% 2008.12.25 363,892.40 435,229.20 799,121.60 12,000,000.00 10% 1,080,000.00 1,200,000.00 600,000.00 18,859,121.60 1,443,892.40 1,635,229.20 1,399,121.60 * 0.6% 1998 12 25 2000 12 21 2000 12 21 6 11 (1) 1,624,369,902.67 488,427,471.29 337,878,291.73 1,774,919,082.23 4,234,472,305.04 1,501,464,282.14 634,964,062.87 5,100,972,524.31 44,110,697.99 8,454,454.00 7,880,834.63 44,684,317.36 33,414,428.05 9,805,290.61 3,522,615.15 39,697,103.51 7,033,500.00 7,033,500.00 5,943,400,833.75 2,008,151,498.04 991,279,304.38 6,960,273,027.41 42
(2) 340,728,127.36 98,102,787.96 539,225.74 438,291,689.58 1,315,287,680.46 319,072,224.05 42,471,587.99 1,591,888,316.52 21,298,973.99 4,109,127.37 2,754,415.63 22,653,685.73 13,344,185.61 3,073,377.02 1,764,318.31 14,653,244.32 1,690,658,967.42 424,357,516.40 47,529,547.67 2,067,486,936.15 (3) 4,252,741,866.33 4,892,786,091.26 1 35,141,353.70 1,059,263,027.07 12,260,950.47 17,585,979.40 2 [2000]5 B 874,780,394.90 840,967,627.78 11,416,540, : 15 3 #3 #4 #4 2000 3 983,252,100.00 1999 6 #3 1,390,240,100.00 #3 #4 12 43
1999.12.31 2000.12.31 5,070,336.51 6,348,317.46 5,070,336.51 6,348,317.46 44
13 : : : : ( ) 919,497.04-882,809.08-1,802,306.12 - - - - - 240,796.75-142,941.00-383,737.75 - - - - - 1,160,293.79-1,025,750.08-2,186,043.87 - - - - - ( ) A #2 6kv 3,037,221.00-4,548,000.00-7,585,221.00 - - - - - 18 52,516,956.99-4,467,036.99 - - - - - 56,983,993.98-97% - - 25,049.35 - - - - - 25,049.35-50% #2 1,389,042.00-12,140,924.00 - - - - - 13,529,966.00-90% #2 7,831,320.00-9,871,202.00 - - - - - 17,702,522.00-90% A2 - - 443,000.00-443,000.00 - - - - - A2 - - 1,990,000.00-1,990,000.00 - - - - - - - 220,000.00-220,000.00 - - - - - A2 380VMCC - - 825,800.00 - - - - - 825,800.00-90% A2 - - 1,328,000.00 - - - - - 1,328,000.00-90% A #15 - - - - - - - - - - A - - 2,500,000.00-2,500,000.00 - - - - - A - - 980,000.00-980,000.00 - - - - - #7#8#10 110,000.00-9,324,944.95 - - - - - 9,434,944.95-95% #2 - - 2,989,948.20 - - - - - 2,989,948.20-90% -600.00-152,400.00-151,800.00 - - - - - A2 - - 1,529,914.53-1,529,914.53 - - - - - 64,883,939.99-53,336,220.02-15,399,935.53 - - - 102,820,224.48 - ( ) - - - - B5 183,709.00-15,700.58-199,409.58 - - - - - B6 282,249.30-55,300.87-337,550.17 - - - - - B7 143,726.00-15,468.29-159,194.29 - - - - - 17,319.00 - - - 17,319.00 - - - - - - - 8,449.00 - - - - - 8,449.00-1% 1,130,801.42 - - - 1,130,801.42 - - - - - 45
1,999,132.13 - - - 1,999,132.13 - - - - - 5,210,000.00 - - - 5,210,000.00 - - - - - 1,260,630.11 - - - 1,260,630.11 - - - - - 3,398,032.60 - - - 3,398,032.60 - - - - - : : : : 227,691.41 - - - 227,691.41 - - - - - B3 3,733,210.40 - - - 3,733,210.40 - - - - - B4 3,458,326.81 - - - 3,458,326.81 - - - - - 480,200.00 - - - 480,200.00 - - - - - 3,328,568.10 - - - 3,328,568.10 - - - - - 4,418,414.85 - - - 4,418,414.85 - - - - - 4,537,772.83 - - - 4,537,772.83 - - - - - 1,245,100.00 - - - 1,245,100.00 - - - - - 35,054,883.96-94,918.74-35,141,353.70 - - - 8,449.00 - ( ) 3,532,861.22-9,227,571.70-24,636,973.24 - - - 12,968,301.39 29,510,267.32 16,960,623.99 1,034,924.23-12,343,263.37-34,236.52-4,123,662.72-90% - 36,294,580.54 - - - 2,443,258.48-90% - 40,241,308.93 - - - 1,356,288.30-99% - 1,034,924.23 - - - - - 574,469,328.83 77,106,904.90 394,879,621.17 13,038,539.31 969,348,950.00 90,145,444.21 - - - - 611,866,734.99 77,106,904.90 455,353,738.10 13,038,539.31 1,059,263,027.07 90,145,444.21 34,236.52-7,923,209.50 - ( ) - - - - - - - - - - 1,102,069,618.81 364,715,822.11 117,514,758.16 446,825,232.67 173,013,805.87 115,398,008.81 12,260,950.47 - - - 1,089,808,668.34 115,398,008.81 99% - 12,260,950.47 - - - 352,454,871.64-99% - - - - - 117,514,758.16-99% - - - - 446,825,232.67-99% 115,398,008.81 - - - - 173,013,805.87 115,398,008.81 99% 46
- - 191,088,730.81 - - - - - 191,088,730.81-99% - - 121,354,717.14 - - - - - 121,354,717.14-99% - - 1,414,513,066.76 115,398,008.81 12,260,950.47 - - - 1,402,252,116.29 115,398,008.81 712,965,852.73 77,106,904.90 1,924,323,693.70 128,436,548.12 1,124,251,310.64 90,145,444.21 34,236.52-1,513,003,999.27 115,398,008.81 2000 12 31 1999 12 31 #10. 47
14 1999.12.31 2000.12.31 2,666,712.71 * 4,553,131.66 * A ( ) 4,553,131.66 15 * 231,919,160.00 166,981,794.92 --- -- 9, 276,766.44 157,705,028.48 17 ** 27,037,120.00 26,279,840.00 893,470.00 -- 2,445,468.00 24,727,842.00 ** **** -- 10,164,173.18 -- 11,416,540.00-1,252,366.82 --- *****24,052,307.11 --- 24,052,307.11 --- --- 24,052,307.11 51,202,242.14 27,307,862.54 --- --- 3,413,482.80 23,894,379.74 7 246,287,367.00 221,714,543.00 ---- 62,120.00 24,622,536.00 197,029,887.00 8 ***7,022,000.00 --- 7,022,000.00 ---- 780,222.24 6,241,777.76 16 ***7,298,672.71 --- 7,298,672.71 ---- 1,398,912.30 5,899,760.41 16 3 ***183,756,414.85 176,006,666.65-2,603,585.15 -- 10,064,046.01 163,339,035.49 6 778,575,283.81 628,454,880.29 36,662,864.67 11,478,660.00 50,749,066.97 602,890,017.99 * A ** 27,037,120.00, 13,903,200.00 1999 7 10, 13,133,920.00 2000 4 10 *** [2000]5 B 1999 1 18 1997 3 20 1999 1 18 **** 11,416,540, 47
[2000]5. ***** 2000 12 31 16 * 6,913,690.77 - - 4,724,456.60 2,189,234.17 31,000,206.98 14,089,160.89-14,926,381.98 30,162,985.89 ** - 20,999,626.32 - - 20,999,626.32 37,913,897.75 35,088,787.21 -- 19,650,838.58 53,351,846.38 * [2000]5 1997 3 2,847,970.40 ** 2000 12 31 17 14,089,160.89 * 14,089,160.89 14,089,160.89 14,089,160.89 * #4 14,089,160.89 ; 18 (1) 1999.12.31 2000.12.31 -- 200,000,000.00 -- 200,000,000.00 48
2000 12 29 2001 3 31 3.78% 1.8% 19 2000 12 31 92,966,538.25, 44,198,293.68 A 34,301,352.57 5% 20 2000 12 31 445,013,620.00 2000 58,703,020.00 2000 877,500.00 41,207,400 2000 27,676,000.00 2000 25,000,000.00 1999 30,000,000.00 2000 2000 386,310,600.00 2 21 1999.12.31 2000.12.31 18,570,687.45 36,804,307.87-481,346.01 2,701,432.05 1,136,816.40 94,774.24 221,028.88 -- 49
127,074,658.36 245,342,678.39 9,850.00 31,000.00 515,569.66 -- 949,713.95 705,592.59 30,761.83 ---- 148,027,740.52 285,679,785.14 22 2000 12 31 324,382,566.74 53,667,633.99 ( 28) 239,367,817.05 51.79% 10,299,617.08 23 1999.12.31 2000.12.31 10,953,715.69 10,090,434.08 [1997]36 3%( 1.8% A 3%) 25%, 75% 10,953,715.69 10,090,434.08 24 50
1999.12.31 2000.12.31 * -- 782,500,000.00 * 6.21% ** * -- 437,500,000.00 * 6.21% ** 600,000,000.00 600,000,000.00 1998.8.31-2006.8.20 6.21% ** 110,000,000.00 110,000,000.00 1999.9.24-2006.8.20 6.21% ** 50,000,000.00 50,000,000.00 1999.7.22-2006.8.20 6.21% ** 440,000,000.00 440,000,000.00 1999.10.28-2006.8.20 6.21% ** -- *** 11,667,500.00 300,000,000.00 -- 2000..6.19-2006.8.20 -- 6.21% -- ** *** 24,050,000.00 -- -- -- -- *** 32,000,000.00 -- -- -- -- *** 38,094,400.00 -- -- -- -- *** 37,680,000.00 -- -- -- -- *** 64,000,000.00 -- -- -- -- 1,407,491,900.00 2,720,000,000.00 * 1,380,000,000.00 1998 2 2000 4 2001 6 30 2001 6 20 2005 6 20 1 1 ** *** 2000 12 31 1999 12 31 93.25% 25 51
2000 12 31-74,378,189.10-2,703,985.73-28,755,371.58-34,689,108.81-8,229,722.98 26 + - 1. 776,587,500-155,317,500 621,270,000-776,587,500 1,553,175,000 : 666,900,000-133,380,000 533,520,000-666,900,000 1,333,800,000 109,687,500-21,937,500 87,750,000-109,687,500 219,375,000 -- - - - - - -- -- - - - - - -- 2. 24,706,500-4,941,300 19,765,200-24,706,500 49,413,000 3. -- - - - - - -- 4. -- - - - - - -- : -- - - - - - -- 801,294,000-160,258,800 641,035,200-801,294,000 1,602,588,000 1 153,738,000-30,747,600 122,990,400-153,738,000 307,476,000 2. 332,670,000-66,534,000 266,136,000-332,670,000 665,340,000 3. -- - - - - - -- 4. -- - - - - - -- 486,408,000-97,281,600 389,126,400-486,408,000 972,816,000 1,287,702,000-257,540,400 1,030,161,600-1,287,702,000 2,575,404,000 2000 10 16 2000 52
A 10 2 0.4 8 (,A 10 2 8, 0 ) B 10 2 0.4 8 27 1,242,597,463.00 -- 1,030,161,600.00 212,435,863.00 119,593,718.00 -- -- 119,593,718.00 141,290,960.76 --- --- 141,290,960.76 1,503,482,141.76 -- 1,030,161,600.00 473,320,541.76 2000 26 28 378,999,535.58 97,029,220.88 ---- 476,028,756.46 657,165,446.68 242,573,052.19 ---- 899,738,498.87 156,084,834.09 48,514,610.44 ---- 204,599,444.53 1,192,249,816.35 388,116,883.51 ---- 1,580,366,699.86 29 219,667,011.06 970,292,208.75 47,652,010.18 49,377,210.70 97,029,220.88 23,826,005.09 24,688,605.35 48,514,610.44 119,130,025.44 123,443,026.75 242,573,052.19 51,508,080.00 386,310,600.00 437,818,680.00 53
257,540,400.00-257,540,400.00 106,483,256.30 :2000 2000 1 2 30 / 1999 2000 1 A 345.42 329.87 2 486.64 468.23 3 B 477.55 431.28 1999 2000 1 A 3,585,713.87 3,769,394.87 2 3,235,280.40 5,149,808.90 3 1,320,602.10 1,454,653.20 [1993]04 [2000]309 A 17,599,205.36 6,091,477.41 67,501.28 31 20,747,713.94 15,077,579.48 2 32 1999 2000 30,485,446.52 86,666,730.95 24,534,605.61 29,657,333.76 54
33 1,238.17 2,934.26 1,149.03 37,291.54 23,809.36 34,479.94 5,974,739.41 57,009,519.85 1999 2000 15,670,818.84 *4,777,191.45 945,768.03 3,945,917.08 607,832.60 1,337,231.72 -- -3,639,280.00 1,094,535.50 178,684.55-47,000,000.00 -- -- 867,679.75-28,681,045.03 7,467,424.55 *. 34 1999 2000 993,615.61 *32,664,369.92 3,526.00 2,606.19 763,894.25 856,754.72 353,932.39 312,101.45 2,114,968.25 33,835,832.28 * 29,729,064.88 2000 22,021,064.13 1999 7,315,784.21 79,919.06 35 55
1999 2000 64,731,331.16 61,380,617.66 246,614,582.48 370,073,514.90 ---- 23,617,654.93 * ---- ---- 311,345,913.64 455,071,787.49 * 2000 36 2000 1999 12 31 219,667,011.06 219,667,011.06 37 2000 157,634,464.00, : 6,181,110.45 8,456,373.97 2,572,329.76 2,619,660.91 2,597,330.00 117,046,043.86 4,024,032.15 4,205,492.45 6,615,995.29 3,316,095.16 38 56
2000 1,525,498,811.56, A 6 39 ( ) ( ) 1999.12.31 2000.12.31 1 : -- -- 101,091,491.77 303,274.48 -- -- 101,091,491.77 303,274.48 1999.12.31 2000.12.31 2,387,872,444.34 --- 954,693,774.73 392,998,784.87 2,949,567,434.20 --- 233,958,100.00 --- 799,121.60 215,898,100.00 18,859,121.60 --- 2,621,830,544.34 --- 955,492,896.33 608,896,884.87 2,968,426.555.80 --- 1 6,850,051 0.68% 14,128,402.74 --- 6,850,051 0.68% 14,128,402.74 --- - 51% 1,835,342,843.87-152,507,858.80 368,868,443.87-25% 6,489,203.44-799,234.44 1,489,203.44-51% 645,733,528.44-3,519,153.20 135,733,528.44-51% 19,844,100.00 - - - * - 65% *361,646,320.00 - - - - 40% 6,228,010.91-168,010.91 168,010.91 - - 3,531,353.07 - - - - 25% 4,123,671.73-1,123,671.73 1,123,671.73 57
- 3.125% 52,500,000.00 - - - 2,935,439,031.46-158,117,929.08 507,382,858.39 2,949,567,434.20-158,117,929.08 507,382,858.39 * 69,146,320.00 10 1 2000 6 27 2000 7 5 65% 365,285,600.00 450,000,000.00 21,948,999.66 2000 10 19 2000 2000 263,100,000.00 ; 2000 8 21 [2000]99 100,000,000.00. 2 * 6,859,121.60 10 7.56% 2008.12.25 363,892.40 435,229.20 799,121.60 ** -- -- -- -- -- 9,998,962.80 -- 12,000,000.00 -- 10% 1,080,000.00 1,200,000.00 600,000.00 18,859,121.60 1,443,892.40 11,634,192.00 1,399,121.60 * : 10 (2) ** ( ) 1,243,410,285.75 1999 2000 58
/ / A 345.42 3,585,713.87 329.87 3,769,394.87 680,146,158.94 [1993]04 [2000]309 A 17,599,205.36. ( ) 1999 2000 23,559,956.63 *14,068,284.40 421,990,880.97 531,081,969.73 607,832.60 1,337,231.72 -- -3,639,280.00 1,094,535.50 178,684.55-47,000,000.00 -- -- 867,679.75 400,253,205.70 543,894,570.15 * 9,998,962.80 1,200,000.00 40 1 757 59
63 11,775,910,000.00 ---- ---- 11,775,910,000.00 2,875,440,000.00 ---- ---- 2,875,440,000.00 1,000,000,000.00 ---- ---- 1,000,000,000.00 450,000,000.00 ---- ---- 450,000,000.00 % % % % 666,900,000.00 51.79 666,900,000.00 --- --- --- 1,333,800,000.00 51.79 1,214,151,900.00 51 --- --- --- --- 1,214,151,900.00 51 510,000,000.00 51 --- --- --- --- 510,000,000.00 51 -- 292,500,00.00 65 --- --- 292,500,000.00 65 2 A 2000 4,288,092,115.21 100% 60
1994 11 28 A 1999 12 3 2000 2000, 20,747,713.94 0.2 15,077,579.48 A ( ) 0.4 1994 11 28 A A 120,000,000.00 1999.12.31 2000.12.31 271,399,823.56 598,620,599.84 6,844,374.40 10,299,617.80 A 134,000,000.00 120,000,000.00, -- 1,525,498,811.56 A ( ) 9,385,457.60 44,198,293.68 : A ( ) 2000 6 27 365,285,600 65% 61
1999 6 30 483,380,676.89 975,449,872.91 1999 6 30 2000 4 30 2000 7 2000 10 17 A 1,525,498,811.56 A A 2000 12 7 2000 12 29 200,000,000.00 3.78% 18 1 6 2 6000 2 3 1000 6 4 1000 6 1 2000 10 17 A A ( ) 1,525,498,811.56 A ( ) A ( ) 2000 12 28 A ( ) 2001 1 1 2 A 8400 2001 1 3 62
3 2000 12 31-74,378,189.10 25 2001 3 13 2001 2001 1 2000 8 17 2000 2000 1 10% 25% 5% 2 128,770.2 10 2 0.4 A 10 8 2000 10 16 2000 2 2001 3 13 2001 2000 1 10% 25% 5% 2 257,540.40 A 10 1.5 B 10 1.5 2000 A A A A 10 1.5 8,400 1,260 3 [2001]170 1 135MW 1 135MW 4 A A 2000 1 1 63
A 2001 3 13 2001 A 5 2001 3 13 2001 ( ) 1992 11 3 75 21 498 10 ( ) 002753 ( ) 440101617419493 440100617419493 ( ) ( ) 1 509 30 2 111 25 ( ) 268 13 64
( ) ( ) ( ) The Asian Wall Street Journal( ) ) ( ) OO 65