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	Report to Shareholders
	The Company
	I.	Introduction to company
	II.	Organization of company
	III.	The equity shares of the company
	IV.	Corporate Bonds
	V.	Preferred shares
	VI.	GDR
	VII.	Employee subscription warrant
	VIII.	Merger and Acquisition
	Review in operation
	I.	The Content of Operation
	II.	Market and Sales
	III.	Profiles on employees in recent two years until the date this report is in printing
	IV.	Spending on environmental protection in recent two years until the date this report is in print
	V.	Labor-management relation in recent two years until the date this report is in printing
	VI.	Major agreements
	Fund Utilization Plan and Accomplishment
	Financial Position
	I.	Condensed balance sheets, income statements and Auditors' Reports covering the last five years
	II.	Financial analyses of the last five years
	III.	Supervisors' Review on Annual Reports
	IV.	Financial Statements of the most recent year
	V.	Audited consolidated financial statements in the most recent year until the date this report is in printing
	VI.	Any insolvency to the company or affiliates in the most recent year until the date this report is in printing, and the effect on the financial position of the company
	Review in financial performance and operation and risk management
	I.	Financial Position
	II.	Result of operation
	III.	Cash flow
	IV.	Major capital spending in the most recent year and its effect on financial position
	V.	Direct investment policy and primary cause of profit or loss, the plan for improvement and the investment plan for the year ahead
	VI.	Risk Assessment and Management
	Status of Corporate Governance