SHENZHEN PETROCHEMICAL INDUSTRY (GROUP) CO., LTD. 2003 ANNUL REPORT SUMMARY §1. Important Notes 1.1 The Board of Directors of Shenzhen Petrochemical Industry (Group) Co., Ltd. (hereinafter referred to as the Company) individually and collectively accept responsibility for the correctness, accuracy and completeness of the contents of this report and confirm that there are no material omissions nor errors which would render any statement misleading. The summary of annual report 2003 is abstracted from the annual report; the investors are suggested to read the full text of annual report to understand more details. 1.2 No director stated that they couldn’t ensure the correctness, accuracy and completeness of the contents of the Annual Report or have objection for this report. 1.3 All directors attended the Board meeting. 1.4 Huazheng Certified Public Accountants issued an Auditors’Report with unable to express opinion for the Company, to which and the Board of Directors and the Supervisory Committee made detailed explanations, the investors are suggested to read the content. 1.5 Chairman of the Board of the Company Mr. Li Nujiang and Person in Charge of Accounting Organ Mr. Wu Xianbiao hereby confirm that the Financial Report enclosed the Annual Report is true and complete. 1.6 The report is compiled in Chinese and English languages should there be difference in interpretation of the two languages, the Chinese version shall prevail. §2. Company Profile 2.1 Basic information
| Short form of the stock | *ST SPEC-A, *ST SPEC-B | ||
|---|---|---|---|
| Stock code | 000013, 200013 | ||
| Listed stock exchange | Shenzhen Stock Exchange | ||
| Registered | address | and | Registered address: SPEC Bldg., Hongli West Road, Futian District, |
| office address | Shenzhen |
Office address: 45, Wuhe Rd. S., Bantian, Buji, Longgang District, Shenzhen Post code 518112 E-mail of the Company spec0013@vip.sina.com 2.2 Contact person and method Secretary of the Board of Directors
| Name | Cai Jianping |
|---|---|
| Contact address | 45, Wuhe Rd. S., Bantian, Buji, Longgang District, Shenzhen |
| Telephone | (86)755-84190844 |
| Fax | (86)755-84190844 |
| spec0013@vip.sina.com |
§3. Summary of Accounting Data and Financial Indexes 3.1 Major accounting data (Calculated according to the IAS) Unit: RMB’000 Increase/decrease over last
| 2003 | 2002 | 2001 | |||
|---|---|---|---|---|---|
| year （％） | |||||
| Turnover | 0 | 614,678 | -100 | 727,826 | |
| Profit (Loss) before taxes | (309,773) | (482,056) | --- | (2,216,603) |
Profit (Loss) attributable (309,773) (485,947) --- (2,212,642) to shareholders
At the end of At the end of Increase/decrease from the At the end of 2003 2002 end of previous year（％） 2001 Total assets 212,084 740,646 -71.4 1,006,653 Shareholder’s equity (2,406,774) (2,097,001) --- (1,645,311) Net cash inflows from 504,821 26,989 --- 4,634
operating activities 3.2 Major financial indexes (Calculated according to the IAS) (Unit: RMB) Increase/decrease over
2003 2002 2001 last year（％） Earnings per share (1.02) (1.49) --- (7.29) Return on equity --- --- --- ---
Net cash flows per share arising from 1.66 0.09 --- 0.02 operating activities Increase or decrease At the end At the end At the end from the end of
of 2003 of 2002 of 2001 previous year（％） Net assets per share (7.93) (6.93) - (5.42) Net assets per share after adjustment (7.93) (6.96) - (5.52) 3.3 Difference of net profit as audited by Chinese Accounting Standard (CAS) and