2005
2005
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2005
2
............................................................ 3
1. ......................................................... 3
2. ................................. 3
3. ......................................... 3
4. ................................. 3
5. ................................................... 5
6. ................................................... 6
7. ............................................... 6
8. ..................................................... 6
9. ................................................. 6
......................... 6
1. ............... 6
2. ............. 8
3. ..................... 9
..................................................... 11
1. .................................... 11
2. .................................. 13
3. .......................................... 14
4. .................................................... 15
......................................................... 16
........................................................... 16
1. ...................................... 16
2. .................................... 17
3. ............................................ 17
....................................................... 18
1. .............................................. 18
2. ............................................ 28
3. ................................................ 38
....................................................... 47
4. .................................. 47
5. ................................ 52
6. ........................................ 57
...................................... 60
................................................... 60
....................................................... 61
..................................................... 64
2005
3
1.
2.
2003 7 11 2003 7 15
3.
2005 12 31
240001 1,746,656,030.81
240002 1,058,695,618.18
240003 417,312,072.90
4.
1
50% 75% 20% 45% 5% 10
1)
2005
4
2
180 100 80%+ 20%
180 180 100
100
180 100
2
20%-90% 5%-75% 5%
65% +35% 180 100
180 180 100
100
180 100 2005
5
3
1
2
3
4
5
Swaps
5.
88 48
88 48
200121
021-50499588
021-50499688
xxpl@fsfund.com 2005
6
6.
25
25
100032
010 67597420
010 66212638
yindong@ccb.cn
7.
www.fsfund.com
8.
9.
202 11
2003 7 15 2003 2003 7 15 2003 12 31
1.
1
2005 12 31 2004 12 31 2003 12 31
52,195,046.84 114,169,171.65 14,968,355.47 0.0355 0.0877 0.0102 8,001,603.60 39,879,689.79 1,830,419.51 0.0046 0.0308 0.0012 1,923,142,759.78 1,384,474,100.17 1,530,067,909.65 1.1010 1.0676 1.0394 3.3046% 7.9356% 1.02%
9.16% 8.34% 4.94%2005
7
24.11% 13.69% 4.94%
2
3 2.87% 0.50% 0.31% 0.68% 2.56% -0.18%
6 6.31% 0.60% 5.16% 0.85% 1.15% -0.25%
9.16% 0.85%-3.94% 1.08% 13.10% -0.23%
24.11% 0.78% -17.84% 1.02% 41.95% -0.24%
3
4
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
2003 2004 2005
5
10
2003 0.10
2005
8
10
2004 0.60
2005 0.60
1.30
2.
1
2005 12 31 2004 12 31 2003 12 31
2,860,968.28 115,250,147.04 14,119,133.25 0.0029 0.1500 0.0136
55,038,635.21 55,948,876.64 4,449,513.91
0.0520 0.0707 0.0044 1,127,331,098.04 797,384,872.99 1,053,282,232.44 1.0648 1.0072 1.0336 0.2936% 13.9805% 1.35%
7.80% 4.88% 4.36%
17.98% 9.45% 4.36%
2
3 7.18% 0.57%0.34% 0.31%6.84% 0.26%
6 12.99% 0.74% 4.07% 0.37%8.92% 0.37%
7.80% 0.90%5.22% 0.47%2.58% 0.43%
17.98% 0.78% -3.70% 0.46% 21.68% 0.32%
3
2005
9
4
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
2 0 0 32 0 0 42 0 0 5
5
10
2003 0.10
2004 0.80
2005 0.20
1.10
3.
1
2005 12 31 2004 12 31 2003 12 31 13,323,257.14 40,523,708.05 10,266,187.46
0.0240 0.0540 0.0094
3,502,107.09 9,975,361.11 507,624.04
0.0084 0.0148 0.0006 420,814,179.99 683,313,233.16 812,259,117.65 1.0084 1.0152 1.0234 2.3354% 5.1474% 0.93%
2.30% 3.04% 3.34%
8.93% 6.48% 3.34%
2
3 -0.48% 0.24% 0.30% 0.12% -0.78% 0.12%
6 0.10% 0.22% 3.03% 0.09% -2.93% 0.13%
2.30% 0.24%12.24% 0.10% -9.94% 0.14%2005
10
8.93% 0.27% 7.49% 0.12% 1.44% 0.15%
3
4
-4.00
0.00
4.00
8.00
12.00
16.00
2 0 0 32 0 0 42 0 0 5
5
10
2003 0.10
2004 0.40
2005 0.30
0.80
6 2004
1 15 2005
11
2003 3 7 2005
12 31 12,451,844,398.68
1.
1
2003 7
2
, 20% ,
3
2005
2005
2005
12
05
1
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3 06
1
2
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4
5
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2005
13
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1
1997 2002 2003 2004 5
2
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3
2005 8
2005
2006 A A 2006
2006 20062005
14
A IPO
2006
3.
1
1993 2003 7 2005 3
2
, 5% 20% ,
3
2005 1 4 4.82% 5.12% 3.18 0.33 2.54 05 2005
2005 2005 2005
2005 40 2005
2005
15
2005 2006
2005
2006 2005 1.9% 2.0% 250bp 300bp 2005 2006 2006 3 2006 2006 2005
4.
2003 3
2005 2005 ,
2005
16
-
1.
(2006) 149
( )2005 12 31 2005
2005
17
2005 12 31 2005
2.
(2006) 150
( )2005 12 31 2005
2005 12 31 2005
3.
(2006) 151
( )2005 12 31 2005
2005 12 31 2005 2005
18
1.
1
2005 12 31 2004 12 31
190,450,788.24138,405,758.00
2,626,773.28 0
578,255.80 53,451.47
15,195,530.86 5,162,741.87
00
8,502,406.226,251,821.20
476,206.49 108,723.43
0168,099.84
1,283,497,436.48 878,441,354.80
1,152,573,069.69 833,568,555.36
428,498,080.40394,982,572.40
426,383,287.95 391,510,979.70
00
00
00
120,002.00 74,185.98
00
1,929,945,479.771,423,480,609.15
035,965,802.26
3,197,580.23 542,366.12
6,602.41 1,362.71
2,312,478.04 1,768,652.46
385,413.01 294,775.41
569,382.16331,009.62
00
00
00
257,930.14 9,206.40
00
00
73,334.0093,334.00
00
6,802,719.9939,006,508.982005
19
1,746,656,030.811,296,831,753.19
168,485,125.3747,762,657.19
8,001,603.6039,879,689.79
1,923,142,759.781,384,474,100.17
1,929,945,479.77 1,423,480,609.15
2
2005 2004
80,070,531.16 141,260,966.66
33,054,240.32 114,056,536.44
925,215.46-3,624,872.51
11,477,160.82 0
10,367,696.21 9,478,544.06
1,480,259.06 1,675,503.56
21,271,110.9916,479,037.24
040,109.59
1,494,848.303,156,108.28
27,875,484.3227,091,795.01
23,615,825.38 21,602,281.82
3,935,970.813,600,380.33
106,408.11 1,687,126.05
00
217,280.02202,006.81
00
114,185.98 96,007.42
73,333.0053,334.00
52,195,046.84 114,169,171.65
84,694,767.10 446,879.72
136,889,813.94 114,616,051.37
52,195,046.84114,169,171.65
39,879,689.79 1,830,419.51
7,259,759.83 839,184.33
99,334,496.46 116,838,775.49
91,332,892.86 76,959,085.70
8,001,603.60 39,879,689.79
3
2005 2004
1,384,474,100.171,530,067,909.65
52,195,046.84114,169,171.652005
20
84,694,767.10446,879.72
136,889,813.94114,616,051.37
1,222,548,524.08993,310,837.20
729,436,785.551,176,561,612.35
493,111,738.53-183,250,775.15
91,332,892.86 76,959,085.70
1,923,142,759.781,384,474,100.17
4
1)
( ) ( ) [2003 ] 62 ( ) 2003 7 15 ( ) 3,893,701,931.41 1,540,046,055.09 1,066,581,834.53 1,287,074,041.79 (2003) 96
80% 50%-75% 20%-45% 5%
2)
(a)
(b)
1 1 12 31
(c)
2005
21
(d)
(e)
a)
b)
c)
( )
d) /( )
e)
(f)
a)
/( )
b)
/( ) /( )2005
22
c)
( )
(g)
(h)
(i)
1.5%
0.25%
(j)
1.00
(k) /( )
/( ) /( ) /( )
/( ) /( ) /( )
(l)
2005
23
/( ) /( )
(m)
3)
[2002]128 [2004]78 [2005]11 ( ) [2005]102 [2005]103
a
b 2004 1 1
c 20% 2005
6 13 50%( 100%) 20%
d 2005 1 24 0.2% 2005
1 24 0.1%
e
4)
2005 12 31 2004 12 31 437,514.80 53,451.47
140,741.00 -
578,255.80 53,451.47
5)
2005 12 31 2004 12 31
8,436,362.46 6,200,239.89
64,673.81 51,581.31
1,300.31 -2005
24
69.64 -
8,502,406.22 6,251,821.20
6)
2005 12 31 (2004 )
7)
2005 12 31 2004 12 31
273,059.41 -
162,347.54 -
67,922.67 96,903.05
36,885.27 -
29,167.27 -
- 166,713.24
- 67,393.33
569,382.16 331,009.62
8)
2005 12 31 2004 12 31
250,000.00 -
6,446.40 6,446.40
1,483.742,760.00
257,930.149,206.40
9)
2005 12 31 2004 12 31
73,334.00 53,334.00
- 40,000.00
73,334.00 93,334.00
10)
2004 12 31 1,296,831,753.19 1,296,831,753.19
1,129,612,266.28 1,129,612,266.28
6,766,091.18 6,766,091.18
679,787,988.66 679,787,988.66
2005 12 31 1,746,656,030.81 1,746,656,030.81
11)
2005
25
/( )(a) /( )
2004 12 31 48,344,392.14 -581,734.95 47,762,657.19
84,694,767.10 - 84,694,767.10
- 80,232,469.01 80,232,469.01
- 278,196.83 278,196.83
- 44,204,767.93 44,204,767.93
2005 12 31 133,039,159.24 35,445,966.13 168,485,125.37
(a) /( )
2005 12 31 2004 12 31
130,924,366.7944,872,799.44
2,168,942.45 3,894,892.70
-54,150.00 -423,300.00
133,039,159.2448,344,392.14
12)
2005 2004
1,239,532,537.13 1,074,426,049.93
1,040,184.94 900,774.34
1,205,438,111.87 959,468,739.15
33,054,240.32 114,056,536.44
3,390,879.46 (2004 )
13) /( )
2005 2004
814,442,471.13 604,198,318.88
14,050,123.94 6,930,304.05
799,467,131.73 600,892,887.34
/( ) 925,215.46 -3,624,872.51
14)
2005 2004
(a) 1,474,228.15 2,866,175.69
10,345.00 -
10,275.15 175,901.05
- 79,232.60
- 34,798.942005
26
1,494,848.30 3,156,108.28
(a) 50% 25%
15)
2005 2004
114,185.98 96,007.42
73,333.00 53,334.00
18,000.00 18,000.00
11,761.04 34,665.39
217,280.02 202,006.81
16)
2005
2005/05/17
10 0.50 68,936,919.26 5,650,446.15 74,587,365.41
2005/12/19
10 0.10 15,352,182.05 1,393,345.40 16,745,527.45
84,289,101.317,043,791.55 91,332,892.86
17)
a
( )
( )
(Soci t G n rale Asset Management SA)
( )
b
a)
1.5% X 1.5% /
2005
27
23,615,825.38 (2004 21,602,281.82 )
b)
0.25%
X 0.25% /
3,935,970.81 (2004 3,600,380.33 )
c)
2005 12 31 190,450,788.24 (2004 138,405,758.00 ) 1,425,359.91
(2004 1,675,503.56 )
d)
2005 2004
332,700,000.00 1,086,350,000.00
94,708.11 454,905.83
- 49,169,471.23
e)
2005 12 31 2004 12 31
231,899,469.89 255,321,316.35 13.28% 239,865,611.63 256,080,526.98 18.50%
f)
18)
2005 12 31
000651
05/12/23 10.37 06/01/05 11.417,748,002 74,855,824.35 80,346,780.74
600036
05/12/19 6.58 06/01/04 7.238,268,624 51,534,277.82 54,407,545.92
600879
05/12/19 10.94 06/01/04 11.772,994,612 27,367,234.52 32,761,055.28
600337
05/12/19 5.19 06/01/04 5.473,685,368 19,341,908.03 19,127,059.92
000970
05/12/23 6.98 06/01/05 7.681,000,000 6,611,691.62 6,980,000.002005
28
000539 A 05/11/30 4.78 06/01/19 4.104,989,655 23,438,324.36 23,850,550.90
600754
05/12/06 7.90 06/01/23 7.20 991,580 7,863,011.22 7,833,482.00
600663
05/12/02 6.18 06/01/06 6.00 501,956 3,128,946.96 3,102,088.08
214,141,218.88228,408,562.84
2.
1
2005 12 31 2004 12 31
116,361,510.1082,814,637.70
2,058,607.79 0
438,014.5161,477.62
8,935,719.85 916,848.14
00
1,930,516.853,874,605.04
37,338.0523,590.86
00
828,639,007.76451,326,047.30
777,881,046.50 473,902,555.29
247,645,465.30277,658,886.38
243,968,026.77 277,766,919.89
00
00
00
119,999.0074,185.98
00
1,206,166,179.21816,750,279.02
017,572,473.21
76,237,951.18 42,954.8
3,480.40 107.94
1,156,066.30 893,179.59
222,320.44171,765.32
623,669.85313,622.17
00
00
00
538,260.00277,970.00
00
00
53,333.0093,333.00 2005
29
00
78,835,081.1719,365,406.03
1,058,695,618.18791,671,698.22
13,596,844.65-50,235,701.87
55,038,635.2155,948,876.64
1,127,331,098.04797,384,872.99
1,206,166,179.21 816,750,279.02
2
2005 2004
18,362,721.64 129,404,857.84
-21,774,232.21 110,220,895.67
3,007,955.98 2,375,255.97
10,258,260.86 0
7,627,105.90 6,498,475.15
707,282.381,468,138.83
17,635,789.026,599,210.82
074,457.23
900,559.712,168,424.17
15,501,753.3614,154,710.80
12,670,304.76 10,772,286.63
2,436,597.122,071,593.61
193,785.26 1,117,653.49
00
201,066.22193,177.07
00
114,185.98 96,007.42
53,333.0053,333.00
2,860,968.28 115,250,147.04
77,119,941.29-50,551,655.89
79,980,909.57 64,698,491.15
2,860,968.28115,250,147.04
55,948,876.64 4,449,513.91
15,576,123.10 -4770379.70
74,385,968.02 114,929,281.25
19,347,332.81 58,980,404.61
55,038,635.21 55,948,876.64
3
2005 2004
797,384,872.991,053,282,232.44 2005
30
2,860,968.28115,250,147.04
77,119,941.29-50,551,655.89
79,980,909.5764,698,491.15
742,551,128.70536,088,557.79
473,238,480.41797,704,003.78
269,312,648.29-261,615,445.99
19,347,332.81 58,980,404.61
1,127,331,098.04797,384,872.99
4
1)
( ) ( ) [2003 ] 62 ( ) 2003 7 15 ( ) 3,893,701,931.41 1,066,581,834.53 1,540,046,055.09 1,287,074,041.79 (2003) 96
180 100 20%-90% 5%-75% 5%
2)
(a)
(b)
1 1 12 31 2005
31
(c)
(d)
(e)
a)
b)
c)
( )
d) /( )
e)
(f)
a)
/( )
b)
2005
32
/( ) /( )
c)
( )
(g)
(h)
(i)
1.3%
0.25%
(j)
1.00
(k) /( )
/( ) /( ) /( )
/( )2005
33
/( ) /( )
(l)
/( ) /( )
(m)
3)
[2002]128 [2004]78 [2005]11 ( ) [2005]102 [2005]103
(a)
(b) 2004 1 1
(c) 20% 2005
6 13 50%( 100%) 20%
(d) 2005 1 24 0.2% 2005
1 24 0.1%
(e)
4)
2005 12 31 2004 12 31
297,273.51 61,477.62
140,741.00 -
438,014.51 61,477.62
5)
2005
34
2005 12 31 2004 12 31
1,896,955.19 3,814,742.11
32,472.98 59,862.93
1,019.04 -
69.64 -
1,930,516.85 3,874,605.04
6)
2005 12 31 (2004 )
7)
2005 12 31 2004 12 31
205,606.02 63,531.91
179,049.46 -
100,917.94 101,377.41
89,858.60 69,779.32
32,693.31 77,046.71
15,544.52 1,886.82
623,669.85 313,622.17
8)
2005 12 31 2004 12 31
500,000.00 250,000.00
38,260.00 27,460.00
- 510.00
538,260.00 277,970.00
9)
2005 12 31 2004 12 31
53,333.00 53,333.00
- 40,000.00
53,333.00 93,333.00
10)
2004 12 31 791,671,698.22 791,671,698.22
728,670,411.84 728,670,411.84
721,030.10 721,030.10
461,646,491.88
461,646,491.88
2005 12 31 1,058,695,618.18 1,058,695,618.182005
35
11) /( )
/( )(a)
/( )
2004 12 31 -22,684,541.50 -27,551,160.37 -50,235,701.87
77,119,941.29 - 77,119,941.29
- -31,947,140.37 -31,947,140.37
- -16,622.16 -16,622.16
- -18,659,745.60 -18,659,745.60
2005 12 31 54,435,399.79 -40,838,555.14 13,596,844.65
(a) /( )
2005 12 31 2004 12 31
50,757,961.26 -22,576,507.99
3,677,438.53 -104,033.51
- -4,000.00
54,435,399.79 -22,684,541.50
12) /( )
2005 2004
957,256,507.01 1,088,461,828.19
800,826.55 915,803.30
978,229,912.67 977,325,129.22
/( ) -21,774,232.21 110,220,895.67
2,859,150.99 (2004 )
13)
2005 2004
644,822,075.75 485,383,566.56
10,404,487.81 6,133,100.21
631,409,631.96 476,875,210.38
3,007,955.98 2,375,255.97
14)
2005 2004
(a)
882,122.75
1,974,202.06
10,091.73
-2005
36
8,345.23
91,138.57
-
64,580.00
-
38,503.54
900,559.71 2,168,424.17
(a) 50% 25%
15)
2005 2004
114,185.98 96,007.42
53,333.00 53,333.00
18,000.00 18,000.00
12,915.86 10,001.77
2,031.38 13,424.88
600.00 2,410.00
201,066.22 193,177.07
16)
2005 12 10 2005 2005 12 14 10 0.20 2005 12 15 19,347,332.81 18,608,917.40 738,415.41
17)
a
( )
( )
(Soci t G n rale Asset Management SA)
( )
b
a)
2005
37
1.3% X 1.3% /
12,670,304.76 (2004 10,772,286.63 )
b)
0.25%
X 0.25% /
2,436,597.12 (2004 2,071,593.61 )
c)
2005 12 31 116,361,510.10 (2004 82,814,637.70 ) 674,442.09 (2004 1,468,138.83 )
d)
2005 2004
293,200,000.00 196,600,000.00
81,933.26 83,470.49
29,049,000.00 -
e)
2005 12 31 2004 12 31
238,552,445.05 254,010,643.49 22.53% 146,428,462.97147,482,747.90 18.50%
f)
18)
2005 12 31
600036
05/12/19 6.5806/01/04 7.23 4,803,233 28,674,861.78 31,605,273.14
000651
05/12/23 10.3706/01/05 11.41 2,323,400 24,329,536.99 24,093,658.00
600879
05/12/19 10.9406/01/04 11.77 478,377 4,611,708.12 5,233,444.382005
38
600548
05/12/23 3.8606/01/09 4.25 300,000 1,219,057.01 1,158,000.00
600754
05/12/06 7.9006/01/23 7.20 1,003,771 8,131,183.35 7,929,790.90
600591
05/12/26 3.4606/02/14 2.80 1,000,000 3,551,772.38 3,460,000.00
000539 A 05/11/30 4.7806/01/19 4.101,532,496 7,231,203.89 7,325,330.88
000429 A 05/12/12 4.5506/02/17 3.80 322,800 1,759,852.00 1,468,740.00
600663
05/12/02 6.1806/01/06 6.00 917,679 5,748,626.92 5,671,256.22
85,257,802.44 87,945,493.52
3.
1
2005 12 31 2004 12 31
2,689,054.22 3,259,245.41
67,240.72 0
250,000.00 0
6,441,660.26 1,199,425.02
00
9,457,752.06 7,779,810.03
327,028.11 1,040.03
00
035,067,906.08
0 38,090,289.68
493,421,943.20 637,161,781.51
494,157,978.32 636,687,298.02
00
00
00
119,999.00 74,185.98
00
512,774,677.57 684,543,394.06
00
462,173.80 110,903.58
709.2 190.51
215,934.25 355,243.02
71,978.08 118,414.36
17,191.56 26,344.41
40,191.80 0
00
00
1,088,179.60 505,646.802005
39
90,000,000.00 0
00
64,139.29 113,418.22
00
91,960,497.58 1,230,160.90
417,312,072.90 673,086,824.93
-211,633.85 251,047.12
3,713,740.94 9,975,361.11
420,814,179.99 683,313,233.16
512,774,677.57 684,543,394.06
2
2005 2004
19,014,264.08 48,959,064.89
-3,953,596.31 14,451,335.13
7,480,226.3416,659,453.24
00
14,841,313.4314,795,464.53
260,050.121,403,226.15
33,610.68264,924.87
0337,099.91
352,659.821,047,561.06
5,691,006.948,435,356.84
3,447,827.16 4,727,388.14
1,149,275.681,575,796.17
784,319.87 1,786,988.27
00
309,584.23345,184.26
00
114,185.98 96,007.42
53,334.0053,333.00
13,323,257.14 40,523,708.05
1,811,864.99-21,682,725.88
15,135,122.13 18,840,982.17
13,323,257.1440,523,708.05
9,975,361.11 507,624.04
-3,646,891.57 -3,325,206.49
19,651,726.68 37,706,125.60
15,937,985.74 27,730,764.49
3,713,740.94 9,975,361.11 2005
40
3
2005 2004
683,313,233.16812,259,117.65
13,323,257.1440,523,708.05
1,811,864.99-21,682,725.88
15,135,122.1318,840,982.17
9,498,944.51563,478,333.68
271,195,134.07683,534,435.85
-261,696,189.56-120,056,102.17
15,937,985.74 27,730,764.49
420,814,179.99683,313,233.16
4
1)
( ) ( ) [2003 ] 62 ( ) 2003 7 15 ( ) 3,893,701,931.41 1,287,074,041.79 1,540,046,055.09 1,066,581,834.53 (2003) 96
( ) 20% 1
2)
(a)
2005
41
(b)
1 1 12 31
(c)
(d)
(e)
a)
b)
c) /( )
d)
(f)
a
/( )
b
2005
42
/( ) /( )
(g)
(h)
(i)
0.6%
0.2%
(j)
1.00
(k) /( )
/( ) /( ) /( )
/( ) /( ) /( ) 2005
43
(l)
/( ) /( )
(m)
3)
[2002]128 [2004]78 [2005]11 ( ) [2005]102 [2005]103
(a)
(b) 2004 1 1
(c) 20% 2005
6 13 50%( 100%) 20%
(d) 2005 1 24 0.2% 2005
1 24 0.1%
4)
2005 12 31 2004 12 31
9,456,657.70 7,758,044.20
1,061.03 21,765.83
33.33 -
9,457,752.06 7,779,810.03
5)
2005 12 31 (2004 )
6)
2005
44
2005 12 31 2004 12 31
11,261.16 15,831.13
5,930.40 10,513.28
17,191.56 26,344.41
7)
2005 12 31 (2004 )
8)
2005 12 31 2004 12 31
833,919.60 501,476.80
250,000.00 -
4,260.00 4,170.00
1,088,179.60 505,646.80
9)
2005 12 31 2004 12 31
53,333.00 53,333.00
10,806.29 20,085.22
- 40,000.00
64,139.29 113,418.22
10)
2004 12 31 673,086,824.93 673,086,824.93
9,252,047.46 9,252,047.46
581,580.88 581,580.88
265,026,799.49 265,026,799.49
2005 12 31 417,312,072.90 417,312,072.90
11) /( )
/( )(a)
/( )
2004 12 31
-2,547,900.11 2,798,947.23 251,047.12
1,811,864.99 - 1,811,864.99
- 40,593.74 40,593.74
- -4,877.95 -4,877.95
- 2,315,139.70 2,315,139.70
2005 12 31
-736,035.12 524,401.27 -211,633.85
(a) /( ) 2005
45
2005 12 31 2004 12 31
90,694.29 480,633.49
-826,729.41 -6,150.00
--3,022,383.60
-736,035.12-2,547,900.11
12) /( )
2005 2004
40,884,710.61 43,887,497.06
34,543.71 36,627.91
44,803,763.21 29,399,534.02
/ -3,953,596.31 14,451,335.13
13)
2005 2004
1,583,162,153.51 1,227,928,436.30
25,122,794.30 12,254,787.98
1,550,559,132.87 1,199,014,195.08
7,480,226.34 16,659,453.24
14)
2005 2004
(a) 352,388.60 973,133.95
112.87 26,533.11
- 40,172.00
158.35 7,722.00
352,659.82 1,047,561.06
(a) 50% 25%
15)
2005 2004
114,185.98 96,007.42
90,006.30 124,994.34
53,334.00 53,333.00
24,579.16 17,214.26
18,000.00 18,000.00
6,578.79 32,235.242005
46
2,900.00 3,400.00
309,584.23 345,184.26
16)
2005 10 25 2005 2005 10 27 10 0.30 2005 10 28 15,937,985.74 15,355,529.04 582,456.70
17)
a
( )
( )
(Soci t G n rale Asset Management SA)
( )
b
a)
0.6% X 0.6% /
3,447,827.16 (2004 4,727,388.14 )
b)
0.2%
X 0.2% /
1,149,275.68 (2004 1,575,796.17 )
c)
2005 12 31 2,689,054.22 (2004 3,259,245.41
) 246,929.53 (2004 1,403,226.15 ) 2005
47
d)
2005 2004
2,095,130,000.00 2,673,150,000.00
416,530.26 1,121,095.56
- 431,695,706.85
- 109,885,000.00
e)
2005 12 31 2004 12 31
319,454,602.35 322,138,021.01 76.55% 519,454,602.35 527,350,312.31 77.17%
f)
18)
2005 12 31 90,000,000.00 (2004 )
0501040 05 40 2006/01/05 101.77 900,000 91,593,000.00 91,593,000.00
4.
1
2005 12 31
% 1,283,497,436.48 66.50
428,498,080.40 22.20
193,077,561.52 10.00
24,872,401.37 1.30
1,929,945,479.77 100.002005
48
2
% 1
0.000.00
2
44,404,677.242.31
3
560,253,103.3929.13
237,052,295.89 12.33
11,704,440.00 0.61
19,127,059.920.99
42,144,588.262.19
53,111,137.60 2.76
0.000.00
13,911,710.000.72
131,063,456.42 6.82
52,138,415.30 2.71
0.000.00
4 145,161,472.45 7.55
5
0.000.00
6
143,285,666.76 7.45
7
97,025,852.125.05
8
0.000.00
9
106,923,108.425.56
10
125,137,932.356.51
11
39,554,723.752.06
12
0.000.00
13
21,750,900.001.13
1,283,497,436.4866.74
66.50%
22.20%
10.00%
1.30%
2005
49
3
% 1 600519
2,111,64096,333,016.80 5.0091
2 000651
7,748,00280,346,780.74 4.1779
3 600900 G
10,600,00073,352,000.00 3.8142
4 600383
10,000,50568,303,449.15 3.5517
5 600887
4,407,99664,973,861.04 3.3785
6 600036
8,268,62454,407,545.92 2.8291
7 000729
8,027,78754,348,117.99 2.8260
8 600000
4,559,75044,457,562.50 2.3117
9 600050
15,800,00044,240,000.00 2.3004
10 600308 G
4,800,06742,144,588.26 2.1914
11 600028
8,837,55641,183,010.96 2.1414
12 600271
2,156,82538,865,986.50 2.0210
13 600879
2,994,61232,761,055.28 1.7035
14 600033
4,472,12532,735,955.00 1.7022
15 600009
2,262,70032,628,134.00 1.6966
16 600642 G
5,877,62032,562,014.80 1.6932
17 600276
1,672,81524,674,021.25 1.2830
18 600054
2,641,21124,299,141.20 1.2635
19 000539
4,989,65523,850,550.90 1.2402
20 600004 G
3,506,39723,703,243.72 1.2325
21 600309
1,468,90020,638,045.00 1.0731
22 600675 G
4,854,01619,998,545.92 1.0399
23 000002 G 4,465,92819,248,149.68 1.0009
24 600337
3,685,36819,127,059.92 0.9946
25 600270
2,374,23118,234,094.08 0.9481
26 000581
3,109,28717,909,493.12 0.9313
27 600085 G
1,284,52717,867,770.57 0.9291
28 600269
1,849,20016,642,800.00 0.8654
29 000089
2,454,77215,759,636.24 0.8195
30 000024
1,240,21414,485,699.52 0.7532
31 000027
2,114,61314,273,637.75 0.7422
32 600832 G
960,00011,846,400.00 0.6160
33 000726
1,773,40011,704,440.00 0.6086
34 600002
1,190,00010,448,200.00 0.5433
35 600415
310,0009,904,500.00 0.5150
36 000895
757,9009,693,541.00 0.5040
37 000866
800,0009,392,000.00 0.4884
38 600015
1,700,0008,058,000.00 0.4190
39 600096
918,5167,899,237.60 0.4107
40 600754
991,5807,833,482.00 0.40732005
50
41 600406
500,0007,670,000.00 0.3988
42 600350
1,907,9957,422,100.55 0.3859
43 600600
859,9997,155,191.68 0.3721
44 000970
1,000,0006,980,000.00 0.3629
45 600549
513,4606,931,710.00 0.3604
46 000819
946,7314,733,655.00 0.2461
47 000568 G
1,048,0574,548,567.38 0.2365
48 000063 G
151,1094,197,808.02 0.2183
49 600332
600,1983,757,239.48 0.1954
50 600535 G
351,9003,469,734.00 0.1804
51 600663
501,9563,102,088.08 0.1613
52 600348 G
331,2813,021,282.72 0.1571
53 600161
415,0002,369,650.00 0.1232
54 600386
619,4592,366,333.38 0.1230
55 600588
109,1522,052,057.60 0.1067
56 600795
180,3001,123,269.00 0.0584
57 600018 G
65,214737,570.34 0.0384
58 000900
54,000477,900.00 0.0248
59 000983
35,529200,383.56 0.0104
60 000617
4,00046,120.00 0.0024
61 000625
2 7.28 0.0000
4
1
(%)
1 600050
64,707,015.93 4.67
2 600000
61,892,227.78 4.47
3 600028
60,695,318.98 4.38
4 600005 G
52,037,725.82 3.76
5 600900 G
45,939,396.63 3.32
6 000002
G 41,422,790.45 2.99
7 000866
36,430,443.27 2.63
8 600036
35,052,999.84 2.53
9 000729
34,166,544.25 2.47
10 000651
32,354,316.51 2.34
11 600009
32,278,584.06 2.33
12 000898 G
31,382,986.88 2.27
13 000069
31,166,848.32 2.25
14 600098 G
28,698,668.23 2.07
15 600383
28,022,862.58 2.02
16 600879
27,552,802.66 1.99
17 600309
27,461,922.16 1.982005
51
18 600002
26,609,757.17 1.92
19 600016 G
25,513,104.14 1.84
20 600004 G
24,648,093.52 1.78
2
(%)
1 600177
59,670,839.39 4.31
2 600519
55,613,360.33 4.02
3 600005 G
49,237,097.22 3.56
4 000541
46,668,036.67 3.37
5 600098 G
44,643,485.39 3.22
6 000069
42,439,177.02 3.07
7 600694
34,827,368.64 2.52
8 600050
33,199,713.65 2.40
9 000898 G
31,998,564.78 2.31
10 600009
27,873,834.21 2.01
11 600016 G
27,579,384.92 1.99
12 000866
25,900,956.73 1.87
13 600104 G
24,240,785.85 1.75
14 600000
23,697,891.79 1.71
15 000002 G 23,674,052.00 1.71
16 000651
23,023,782.87 1.66
17 600028
22,883,056.39 1.65
18 600036
20,934,508.70 1.51
19 600012
20,314,009.28 1.47
20 600002
19,258,533.58 1.39
3
1,527,833,505.66 1,239,532,537.13
5
%
1
390,168,160.40 20.2880
2
30,441,000.00 1.5829
3
0.00 0.0000
4
7,888,920.00 0.4102
428,498,080.40 22.2811
6 5
% 2005
52
1 04
105,404,923.20 5.4809
2 02
74,117,400.00 3.8540
3 20
63,865,137.60 3.3209
4 21
57,188,905.00 2.9737
5 05
40,947,174.60 2.1292
7
1) 10
2)
3) 578,255.80 15,195,530.86 8,502,406.22 476,206.49 120,002.00
4)
1 125488
7,888,920.00 0.4102%
5)
580001 JTB1 2,453,812 0 0
580999 JTP1 2,453,812 0 0
580998 JTP1 1,767,931 0 0
6,675,555 0 0
5.
1
2005 12 31
(%)
828,639,007.76 68.70
247,645,465.30 20.53
118,420,117.89 9.82
11,461,588.26 0.95
1,206,166,179.21 100.00 2005
53
2
(%)
1
0.00 0.00
2
86,031,034.24 7.63
3
343,697,545.6630.49
40,539,506.77 3.60
6,600,000.00 0.59
0.000.00
26,608,378.26 2.36
86,318,061.80 7.66
0.000.00
78,391,191.40 6.95
53,934,907.43 4.78
51,305,500.00 4.55
0.000.00
4 57,636,027.47 5.11
5
0.000.00
6
73,318,204.63 6.50
7
34,088,000.00 3.02
8
1,910,092.00 0.17
9
86,209,328.84 7.65
10
122,399,462.26 10.86
11
22,838,431.52 2.03
12
0.000.00
13
510,881.140.05
828,639,007.7673.50
68.70%
20.53%
9.82%
0.95%
2005
54
3
% 1 600383
7,635,00052,147,050.00 4.6257
2 600000
4,190,00040,852,500.00 3.6238
3 600549
2,980,05040,230,675.00 3.5687
4 000002 G 8,400,00036,204,000.00 3.2115
5 600028
7,601,75235,424,164.32 3.1423
6 600036
4,803,23331,605,273.14 2.8035
7 000866
2,400,00028,176,000.00 2.4994
8 600276
1,874,00027,641,500.00 2.4519
9 000729
4,000,94527,086,397.65 2.4027
10 600050
9,600,00026,880,000.00 2.3844
11 600308 G
3,030,56726,608,378.26 2.3603
12 600675 G
6,434,06726,508,356.04 2.3514
13 000651
2,323,40024,093,658.00 2.1372
14 600002
2,700,00023,706,000.00 2.1028
15 600004 G
3,503,96123,686,776.36 2.1011
16 600535 G
2,400,00023,664,000.00 2.0991
17 600900 G
3,300,02522,836,173.00 2.0257
18 600309
1,446,90020,328,945.00 1.8033
19 000983
3,300,42818,614,413.92 1.6512
20 600348 G
1,900,05017,328,456.00 1.5371
21 000630
4,196,20517,120,516.40 1.5187
22 600018 G
1,406,80515,910,964.55 1.4114
23 600123
1,300,00014,664,000.00 1.3008
24 600875
1,040,38412,911,165.44 1.1453
25 600205
1,050,00011,550,000.00 1.0245
26 600015
2,382,31111,292,154.14 1.0017
27 600596
980,16010,517,116.80 0.9329
28 600350
2,597,95810,106,056.62 0.8965
29 600012
1,500,0009,000,000.00 0.7983
30 600754
1,003,7717,929,790.90 0.7034
31 000539
1,532,4967,325,330.88 0.6498
32 600271
400,0007,208,000.00 0.6394
33 600887
484,3857,139,834.90 0.6333
34 600033
905,0006,624,600.00 0.5876
35 000726
1,000,0006,600,000.00 0.5855
36 000089
1,000,0006,420,000.00 0.5695
37 600649
1,200,4256,374,256.75 0.5654
38 000858
869,5976,313,274.22 0.56002005
55
39 000027
900,0006,075,000.00 0.5389
40 000581
1,001,1985,766,900.48 0.5116
41 600011
1,001,2665,747,266.84 0.5098
42 600663
917,6795,671,256.22 0.5031
43 600642 G
1,000,0005,540,000.00 0.4914
44 600660
1,000,0005,270,000.00 0.4675
45 600879
478,3775,233,444.38 0.4642
46 600054
522,0204,802,584.00 0.4260
47 000039
500,0004,220,000.00 0.3743
48 600795
600,0003,738,000.00 0.3316
49 600104 G
1,076,2713,562,457.01 0.3160
50 600591
1,000,0003,460,000.00 0.3069
51 600717 G
663,9703,299,930.90 0.2927
52 000001
400,5542,459,401.56 0.2182
53 600688
500,0002,090,000.00 0.1854
54 600020
327,4622,000,792.82 0.1775
55 600500 G
477,5231,910,092.00 0.1694
56 000024
160,0001,868,800.00 0.1658
57 000625
419,5831,527,282.12 0.1355
58 000819
300,0001,500,000.00 0.1331
59 000429
322,8001,468,740.00 0.1303
60 600548
300,0001,158,000.00 0.1027
61 600006
300,000 840,000.00 0.0745
62 600895 G
162,701 510,881.14 0.0453
63 600009
20,000 288,400.00 0.0256
4
1
(%)
1 000002 G 51,550,131.31 6.46
2 000866
46,806,311.59 5.87
3 600549
44,961,516.48 5.64
4 600383
41,236,967.66 5.17
5 600000
37,230,554.85 4.67
6 600308 G
34,402,350.12 4.31
7 600535 G
33,638,939.77 4.22
8 000630
30,004,800.78 3.76
9 600309
27,783,287.94 3.48
10 600276
27,618,666.91 3.46
11 600900 G
26,963,681.29 3.382005
56
12 000983
26,537,888.46 3.33
13 600050
26,411,642.21 3.31
14 000898 G
26,176,228.06 3.28
15 600028
24,548,218.09 3.08
16 600098 G
24,257,914.09 3.04
17 000729
24,129,950.58 3.03
18 600675 G
23,576,655.97 2.96
19 600002
23,517,750.29 2.95
20 600004 G
22,233,996.20 2.79
2
(%)
1 000651
36,895,688.59 4.63
2 600005 G
34,303,994.08 4.30
3 600098 G
32,243,029.88 4.04
4 000898 G
30,286,525.26 3.80
5 600019 G
29,410,787.27 3.69
6 600009
28,022,473.98 3.51
7 600012
27,431,490.47 3.44
8 600309
27,070,319.78 3.39
9 000002 G 25,047,285.00 3.14
10 600177
24,050,787.82 3.02
11 000866
23,600,409.15 2.96
12 600383
19,692,887.28 2.47
13 000822
19,489,985.72 2.44
14 600016 G
17,282,879.69 2.17
15 000422
16,809,260.85 2.11
16 000069
15,513,972.37 1.95
17 600832 G
14,903,551.90 1.87
18 600900 G
14,736,942.26 1.85
19 600549
14,416,399.04 1.81
20 000630
13,546,950.06 1.70
3
1,285,067,554.87 957,256,507.01
5
( ) %
1
247,645,465.30 21.9674 2005
57
2
0.00 0.0000
3
0.00 0.0000
4
0.00 0.0000
247,645,465.30 21.9674
6 5
7
1) 10
2) 180 100
3) 438,014.51
8,935,719.85 1,930,516.85 37,338.05 119,999.00
4)
580001 JTB1 1,362,076 0 0
030001 JTC1 570,000 0 0
580999 JTP1 1,362,076 0 0
038002 HRP1 2,160,000 0 0
580998 JTP1 1,050,737 0 0
6,504,889 0 0
6.
1
2004 12 31
%
0.00 0.00
( ) %
1 20
76,486,400.00 6.7847
2 21
62,642,227.60 5.5567
3 02
40,107,476.50 3.5577
4 02
30,252,000.00 2.6835
5 04
17,013,600.00 1.5092 2005
58
493,421,943.20 96.23
2,756,294.94 0.54
16,596,439.43 3.23
512,774,677.57 100.00
2
3
4
1
(%)
1 600472
1,291,937.50 0.19
2 002047
896,980.00 0.13
3 002045
685,443.60 0.10
4 002048
659,444.50 0.10
5 002050
502,239.18 0.07
6 002041
487,055.50 0.07
7 600970
455,768.31 0.07
8 002049
447,207.24 0.07
9 002044
398,164.45 0.06
10 002040
361,776.94 0.05
11 002043
302,659.50 0.04
12 002046
203,706.81 0.03
13 600027
15,120.00 0.00
14 002039
5,970.00 0.00
0.00%
96.23%
0.54%
3.23%
2005
59
2
(%)
1 600825
17,060,592.80 2.50
2 600383
11,850,622.23 1.73
3 600320
2,517,134.41 0.37
4 600472
1,382,824.34 0.20
5 002049
1,066,161.91 0.16
6 600970
965,284.97 0.14
7 002048
950,780.70 0.14
8 002047
941,963.05 0.14
9 002045
739,326.23 0.11
10 002050
737,798.77 0.11
11 002041
718,354.84 0.11
12 002044
592,405.91 0.09
13 002040
469,761.74 0.07
14 002043
441,916.55 0.06
15 002046
416,867.26 0.06
16 600027
23,266.51 0.00
17 002039
9,648.39 0.00
3
6,713,473.53 40,884,710.61
5
%
1
31,055,993.20 7.3800
2
375,649,450.00 89.2673
3
0.00 0.0000
4
86,716,500.00 20.6068
493,421,943.20 117.2541
6 5
%
1 05(04)
142,058,000.00 33.7579
2 05 (40)
111,950,300.00 26.6033
3 05 (03)
51,835,150.00 12.3178
4 05(08)
50,000,000.00 11.8817
5
23,243,000.00 5.5233 2005
60
7
1) 10
2) 0
3) 250,000.00 6,441,660.26 9,457,752.06 327,028.11 119,999.00
4)
% 1 100196
23,243,000.00 5.5233
2 125822
19,851,000.00 4.7173
3 100177
19,695,100.00 4.6802
4 126002
2
14,761,200.00 3.5078
5 125488
3,549,000.00 0.8434
6 125729
3,108,000.00 0.7386
7 100096
2,509,200.00 0.5963
21,018 83,102.87 1,335,684,953.19 410,971,077.62 76.47% 23.53%
11,593 91,321.97 851,424,171.78 207,271,466.40 80.42% 19.58%
5,421 76,980.64 336,790,724.2680,521,348.64 80.70% 19.30%
1.
1,541,018,133.75
1,067,242,501.27
1,287,588,981.98 2005
61
2.
1,296,831,753.19 1,746,656,030.811,129,612,266.28 679,787,988.66
791,671,698.22 1,058,695,618.18 728,670,411.84 461,646,491.88
673,086,824.93 417,312,072.90 9,252,047.46 265,026,799.49
2,761,590,276.34 3,222,663,721.891,867,534,725.58 1,406,461,280.03
1. 2005 2005
2. 2005 3 25 2005
3. 2005 6 17 19.9
4. 2005 7 1
5. 2005 10 27
6. 2005 10 31 , 2006 3
14
7.
8.
1 2005 5 17 10 0.50
2005 5 18
2 2005 10 27 10 0.30
2005 10 28
3 2005 12 142005
62
10 0.20
2005 12 15
4 2005 12 19 10 0.10
2005 12 20
9. 2005 8 8
2005 8 5
10. 2005 9 1
2005 8 29
11. 180,000.00 2003 7 15
12.
2 2 8
1 2005
% % 1
695,520,151.76 25.50 549,700.50 25.03
2
298,971,272.42 10.96 243,859.39 11.10
3
413,983,949.16 15.17 336,284.47 15.31
4
334,891,018.62 12.28 262,054.77 11.93
5
354,908,891.07 13.01 290,407.32 13.22
6
629,771,785.54 23.08 514,032.96 23.41
2,728,047,068.57 100.002,196,339.41 100.00
2 2005
% %
1
191,887,144.46 20.06 0.00 0.00
2
142,384,596.68 14.88 0.00 0.00
3
307,590,575.09 32.15 30,000,000.00 100.002005
63
4
8,905,516.27 0.93 0.00 0.00
5
60,909,555.41 6.37 0.00 0.00
6
244,998,133.68 25.61 0.00 0.00
956,675,521.59 100.0030,000,000.00 100.00
13.
7
1 2005
% % 1
341,955,413.87 15.41 278,316.13 15.63
2
588,570,861.99 26.53 480,115.61 26.96
3
205,424,649.50 9.26 160,746.94 9.03
4
546,393,986.20 24.63 427,558.18 24.01
5
333,829,792.40 15.04 272,711.19 15.32
6
152,822,186.56 6.89 122,074.75 6.86
7
49,773,549.55 2.24 38,948.25 2.19
2,218,770,440.07 100.001,780,471.05 100.00
2 2005
% %
1
178,064,142.06 29.02 30,000,000.00 9.06
2
246,771,224.04 40.22 0.00 0.00
3
43,244,165.22 7.05 0.00 0.00
4
6,684,500.00 1.09 0.00 0.00
5
12,685,476.00 2.07 90,000,000.00 27.19
6
113,555,982.98 18.50 211,000,000.00 63.75
7
12,583,748.00 2.05 0.00 0.00
613,589,238.30 100.00331,000,000.00 100.00
14.
2
1 2005
% % 1
33,868,204.92 82.70 53,486.67 90.61
2
7,083,749.17 17.30 5,543.25 9.39
40,951,954.09 100.00 59,029.92 100.00
2 2005
% %
1
588,310,723.24 83.9111,000,000.00 100.002005
64
2
112,775,817.85 16.09 0.00 0.00
701,086,541.09 100.0011,000,000.00 100.00
1
2
3
4
5
6
2006 3 27
