SUBJECT 2004 ASSETS I. CURRENT ASSETS 161,586,986 (1) Quick assets 97,327,630 (2) Inventories 64,259,356 II. NON-CURRENT ASSETS 280,464,327 (1) Investments 44,222,315 (2) Tangible assets 233,941,394 (3) Intangible assets 2,300,618 TTOTAL ASSETS 442,051,312 LIABILITIES I. CURRENT LIABILITIES 169,454,175 II. LONG-TERM LIABILITIES 51,300,027 TOTAL LIABILITIES 220,754,202 STOCKHOLDERS' EQUITY I. CAPITAL STOCK 17,200,000 II. CAPITAL SURPLUS 84,443,531 (1) Additional paid-in capital 7,800,000 (2) Asset revaluation reserve 72,044,225 (3) Other capital reserve 4,599,306 III. RETAINED EARNINGS 115,579,720 IV. CAPITAL ADJUSTMENT 4,073,859 TOTAL STOCKHOLDERS'EQUITY 221,297,110 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 442,051,312 SUBJECT 2004 I. SALES 879,497,323 II. COST OF SALES 668,931,537 III. GROSS PROFIT 210,565,786 IV. SELLING AND ADMINISTRATIVE EXPENSES 181,616,037 V. OPERATING INCOME 28,949,749 VI. NON-OPERATING INCOME 11,879,360 VII. NON-OPERATING LOSS 4,211,520 VIII. ORDINARY INCOME 36,617,589 IX. INCOME BEFORE INCOME TAXES 36,617,589 X. INCOME TAX EXPENSES 8,358,956 XI. NET INCOME 28,258,633