1
2003
, 2004 3 26
001001 001002
2002 9 16 2002 10 18
2002 10 23
5,132,789,987.20
CHINA
ASSET
MANAGEMENT
CO.,LTD.
A
33 A 15
100032
http://www. ChinaAMC.com
010-66069966
010-66102133
18
188
200120
021-58408846
021-58408836
568 200120
333 12 200021
2
Kent Watson
8 A 6
24 17
2003
2002 10 23
12 31
87,743,224.59 18,406,661.83
0.0302
0.0041 0.0050
41,467,709.46 15,318,374.49
0.0199 0.0041
2,153,914,472.97 4,105,626,735.12
2,131,849,324.76 3,723,580,540.36
1.021 1.006
2.96%
0.41% 0.36%
2.71% 0.60%
3.33% 0.60%
1 >
=
- · D
+
n
i
i
n
i n S
S
P
1
0
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0
S i
S D = /
3
2 >
=
- · D
+
n
i
i
n
i n NAV
NAV
P
1
0
) (
0
NAV i
NAV D = /
5
2003 12 31 1.021
2.71%
4
MBA 9 2001
2003
98 03 9.1%
8 6% 7% 1.89%
1.62% 10 0.17% 0.20% 0.63% 0.41% 10%
5 5 3 2.71% 3.1%
2004
04
5
04
04
1
2
3
, , ,
, , ,
2003
2003
2003 6
(2004) 248
( )2003 12 31 2003
2003 12 31 2003
2004 1 16
2003 12 31
( )
2003 12 31 2002 12 31
160,123,422.25 260,424,260.09
567,343.00 43,697,425.64
250,000.00 250,000.00
14,315,651.05
5 23,015,151.46 24,997,525.19 7
271,896.00 20,940,850.00
188,602.93 223,034.30
9 1,865,182,406.28 2,262,693,639.90
1,864,059,094.79 2,254,071,808.47
90,000,000.00 1,492,400,000.00
2,153,914,472.97 4,105,626,735.12
7,208,087.93 34,638,546.94
11,042,399.36 15,134,311.45
1,105,385.54 2,001,844.38
368,461.85 667,281.50
88,930,000.00
6 1,910,813.53 574,210.49
240,000,000.00
7 430,000.00 100,000.00
22,065,148.21 382,046,194.76
8 2,088,372,988.87 3,699,898,648.58
9 2,008,626.43 8,363,517.29
41,467,709.46 15,318,374.49
2,131,849,324.76 3,723,580,540.36
(2003 1.021 )
(2002 1.006 )
2,153,914,472.97 4,105,626,735.12
2003
( )
2002 10 23
( )
2003 2002 12 31
22,549,772.81 404,904.39
79,019,496.47 6,345,069.24
4,486,163.05 7,316,803.63
12,239,632.43 9,905,986.27
10
161,632.56 1,575,719.26
118,456,697.32 25,548,482.79
(17,935,192.00) (5,091,062.95)
(5,978,397.33) (1,697,021.01) 8
(5,713,381.61) (135,660.22)
11
(1,086,501.79) (218,076.78)
(320,000.00) (50,000.00)
(110,000.00) (100,000.00)
(30,713,472.73) (7,141,820.96)
87,743,224.59 18,406,661.83
/( )
(7,498,519.94) 8,621,831.43
80,244,704.65 27,028,493.26
87,743,224.59 18,406,661.83
/
15,318,374.49 /
13,140,309.48 480,771.24
/
(46,130,947.35) (3,569,058.58)
70,070,961.21 15,318,374.49
/
(28,603,251.75)
41,467,709.46 15,318,374.49
2003
( )
2002 10 23
( )
2003 2002 12 31
/
3,723,580,540.36 5,132,789,987.20
/
87,743,224.59 18,406,661.83
/( )
(7,498,519.94) 8,621,831.43
80,244,704.65 27,028,493.26
/
606,300,316.60 159,963,357.58
23,299,547.43
(2,249,672,985.10) (1,596,201,297.68)
(1,643,372,668.50) (1,436,237,940.10)
/
(28,603,251.75) /
2,131,849,324.76 3,723,580,540.36
1
( ) 9
[2002] 61 2002 10 23 5,132,789,987.20 (2002) 103
2
3
(a)
1 1 12 31 2002 10 23 ( ) 2002 12 31
(b)
(c)
(d)
10
(e)
/( )
(f)
(g)
0.6%
(h)
0.2%
11
(i)
(j)
1
(k) /( )
/( ) /( ) /( )
/( ) /( ) /( )
(l)
/( ) /( )
(m)
3
4
[2002]128
(a)
12
(b) 2003
(c) 2003 20%
(d) 0.2%
5
2003 12 31 2002 12 31
22,820,952.59 19,344,118.43
99,373.65
127,915.16
94,385.78
5,469,342.27
439.44
56,149.33
23,015,151.46
24,997,525.19
6
2003 12 31 2002 12 31
1,367,259.24 -
500,000.00 500,000.00
43,554.29 74,210.49
1,910,813.53 574,210.49
7
2003 12 31 2002 12 31
320,000.00 -
110,000.00 100,000.00
430,000.00 100,000.00
8
2003
2002 10 23 ( )
2002 12 31
/ 3,699,898,648.58 3,699,898,648.58 5,132,789,987.20 5,132,789,987.20
/ 591,983,405.73 591,983,405.73 159,420,736.29
159,420,736.29
23,276,254.61 23,276,254.61
13
/ (2,203,509,065.44) (2,203,509,065.44) (1,592,312,074.91) (1,592,312,074.91)
/ 2,088,372,988.87 2,088,372,988.87
3,699,898,648.58
3,699,898,648.58
2002 11 19
9
/( )
/( ) /( )
2002 12 31 8,621,831.43
(258,314.14) 8,363,517.29
(7,498,519.94) - (7,498,519.94)
- 1,176,601.39
1,176,601.39
- (397,212.08) (397,212.08)
- (32,972.31) (32,972.31)
2003 12 31 1,123,311.49 885,314.94 2,008,626.43
/( )
2003 12 31 2002 12 31
8,699,379.77 9,013,578.58
(7,576,068.28) (391,747.15)
1,123,311.49 8,621,831.43
10
2003
2002 10 23 ( ) 2002 12 31
160,585.50
608,690.00
- 967,029.26
1,047.06 -
161,632.56 1,575,719.26
11
2003
2002 10 23 ( )
2002 12 31
14
601,933.29 49,964.48
320,000.00 50,000.00
110,000.00 100,000.00
28,008.50 3,207.30
21,560.00 4,000.00
5,000.00 10,905.00
1,086,501.79 218,076.78
12
2003 10 21 2003 2003 10
24 10 0.12 2003 10 28 28,603,251.75 5,303,704.32 23,299,547.43
13
(a)
2003 9 20 35.725% 35.725% 25% 3.55%
(b)
(1)
15
2003
2002 10 23 ( )
2002 12 31
2,409,146,466.40 41.19%
1,861,550,192.60 94.24%
2,024,680,958.40 34.62%
- -
4,433,827,424.80 75.81%
1,861,550,192.60 94.24%
(2)
2003
2002 10 23 ( )
2002 12 31
6,158,000,000.00 50.40%
- -
4,791,000,000.00 39.21%
5,043,400,000.00 100.00%
10,949,000,000.00 89.61%
5,043,400,000.00 100.00%
(c)
0.6% X 0.6%
/
17,935,192.00 (2002 5,091,062.95
)
(d)
0.2%
X0.2% /
5,978,397.33 (2002 1,697,021.01 )
(e)
2003 12 31 160,123,422.25 (2002 260,424,260.09 ) 2,765,596.56 (2002 5 ,218,916.87 )
14
16
2003 12 31
03 2003.1.13
100.00 100.00 550,000.00 55,000,000.00 55,000,000.00
03 2003.1.24
100.00 100.00 700,000.00 70,000,000.00 70,000,000.00
03 2003.8.1
100.00 100.00 12,500.00 1,250,000.00 1,250,000.00
03 2003.8.25
100.00 100.00 30,000.00 3,000,000.00 3,000,000.00
03 2003.11.21
100.00 100.00 200,000.00 20,000,000.00 20,000,000.00
03 2003.12.9
100.00 100.00 50,000.00 5,000,000.00 5,000,000.00
1,542,500.00 154,250,000.00 154,250,000.00
1
1
452,590,158.20
21.23%
2
697,198,800.00
32.70%
3
296,797,092.00
13.92%
4
418,596,356.08
19.64%
1,865,182,406.28
87.49%
2
2003 12 31 167,798,328.37
7.87%
3
1 03 07 156,144,000.00 7.32%
2 03 05 148,410,000.00 6.96%
3 02 10 116,812,615.50 5.48%
4 02 16 110,352,000.00 5.18%
5 21 15 108,243,542.70 5.08%
4
(1)
(2)
(3) 90,000,000.00 4.22%
17
(4) 2003 12 31 98,868,590.11 2,131,849,324.76
35.725% 35.725% 25% 3.55%
2004 2 28
1
2
3
4
5
1
2
3
4
5
18
0.1
2003
1
2,409,146,466.40 41.19% 4,791,000,000.00 39.21%
2
2,024,680,958.40 34.62% 6,158,000,000.00 50.40%
3
796,119,191.20 13.61% 1,270,000,000.00 10.39%
4
618,436,990.52 10.57%
5 ,848,383,606.52 100.00% 12,219,000,000.00 100.00%
2003
1
8,182,680,958.40 45.29% 205,046.15 34.06%
2
7,200,146,466.40 39.85% 254,431.42 42.27%
3
2,066,119,191.20 11.44% 80,609.16 13.39%
4
618,436,990.52 3.42% 61,846.56 10.27%
18,067,383,606.52 100.00% 601,933.29 100.00%
( )
2004 3 30
