h z y...4£ Þ#ka x ç Þa Þ +[2002]168 Ë [ m , @ Ì @ Ô ¥> ,x27.5 6u/ î @ ë6u b 2002 h10...
Post on 05-Jul-2020
2 Views
Preview:
TRANSCRIPT
1
2
…………………………………………………………
………………………………………………………
………………………………………………
……………………………………………………
………………………………
……………………………………………………………
………………………………………………………
………………………………………………………………
………………………………………………………………
…………………………………………………………………
…………………………………………………………………
……………………………………………………………
3
China United Telecommunications Corporation Limited
88 40 200121 021-50477288
021-50471778 laojh@chinaunicom.com.cn
88 40 200121 021-50477288
021-50471778 zhaoyl@chinaunicom-a.com
88 40 88 40
200121 021-50477288
021-50471778 http://www.chinaunicom-a.com
ir@chinaunicom-a.com
www.sse.com.cn
88 40
4
600050
2003 12 31
1000001003626 2 1
110101710929383 110101710929383000
333 12
5
5,822,562,133
2,327,030,573 * 2,779,063,260
30,215,658,790 (56,133,052)
7,024,790,629 (595,730,450)
(606,498,046) 24,874,974,084
(5,277,965,667)
* 526,822,342
(9,915,537) (3,352,730)
(12,044,677) 105,198,219
(43,807,960)
122,258,256 (79,972,604)
(153,152,622) 452,032,687
2003
2002
2002
2001
2001
1 59,798,476,195 36,247,968,692 39,477,608,242 26,955,223,112 29,027,806,604
2,327,030,573 1,971,992,608 1,947,852,967 1,727,847,687 1,670,519,902
0.12 0.10 0.10 0.12 0.11
0.12 0.12 0.12
1.26 0.66 0.66 0.76 0.76
% 5.9 5.2 5.3 7.1 6.9
% 6.1 7.0 7.0 7.3 7.1
% 7.2 7.1 7.1 8.6 8.3
6
2003
2002
2 2002
2001
2 2001
150,054,557,734 150,294,143,696 149,949,102,922 128,098,253,099 127,953,155,099
39,225,242,666 37,595,902,219 36,721,160,087 24,406,981,282 24,259,547,281
1.99 1.91 1.86 1.66 1.65
1.63 1.48 1.41 1.48 1.47
1
19,696,596,395 14,207,747,478 406,664,010 105,971,330 3,284,894,336 37,595,902,219
- 5,478,365 349,054,586 116,351,529 2,327,030,573 2,681,563,524
- - - - 1,052,223,077 1,052,223,077
19,696,596,395 14,213,225,843 755,718,596 222,322,859 4,559,701,832 39,225,242,666
1
1 2 3 4
2002
7
1
2
3
4
1
2
3
4
14,696,596,395
14,696,596,395
2,250,000,000
16,946,596,395
2,750,000,000
2,750,000,000
-1,991,000,000
-1,991,000,000
1,991,000,000
1,991,000,000
-1,991,000,000
-1,991,000,000
1,991,000,000
1,991,000,000
14,696,596,395
14,696,596,395
259,000,000
14,955,596,395
4,741,000,000
4,741,000,000
19,696,596,395 19,696,596,395
15 51,800 50 12 200310 9 50 18
1,518 173,200 6 2003 49
2002 10 9
1
[2002]106 2002 9 17 9 20
50 1.00 2.30
8
[2002]168 , 27.52002 10 9
2
427,322
- 14,693,996,395 74.60 - 14,693,996,395
52,611,447 83,917,971 0.43 83,917,971 -
-54,103,689 76,000,000 0.39 76,000,000 -
75,004,592 0.38 75,004,592 -
43,411,017 63,535,508 0.32 63,535,508 -
-2,000,065 63,000,000 0.32 63,000,000 -
-91,597 62,177,323 0.32 62,177,323 -
48,011,689 55,900,000 0.28 55,900,000 -
38,619,013 52,829,501 0.27 52,829,501 -
37,026,271 51,209,612 0.26 51,209,612 -
( )
1994 6 18 163.02 79.72
9
15 20.28 15 3
IP
10
83,917,971 A 76,000,000 A 75,004,592 A
63,535,508 A 63,000,000 A
62,177,323 A 55,900,000 A 52,829,501 A 51,209,612 A 50,500,000 A
10
1
54 2001.12.302004.12.30
- -
64 2001.12.302004.12.30
- -
57 2001.12.302004.12.30
- -
60 2001.12.302004.12.30
- -
45 2001.12.302004.12.30
- -
47 2001.12.302004.12.30
- -
2003.12.222004.12.30
50
2003.8.282004.12.30
- -
73 2001.12.302004.12.30
- -
56 2001.12.302004.12.30
- -
70 2003.5.9 2004.12.30
- -
52 2003.5.9 2004.12.30
- -
49 2001.12.302004.12.30
- -
53 2001.12.302004.12.30
- -
58 2002.8.252004.12.30
- -
54 2002.6.172004.12.30
- -
11
2
1999 2
;2003 6
1999 2 2003 62003 8
1994 10 2000 2
1999 4
2004 1 2
2001 3 2001 3 2000 6 2001 12
2002 8
1
2
5 10 10 20 20 2 1 0 1
12
2
1 3 2
12
2003 12 31
49,343
16.75% 20.16% 36.53% 18.16% 6.73% 1.67%
3.69% 18.48% 40.96%
36.87%
2.72% 47.72% 33.05% 16.51%
30 52.42% 30 40 35.90% 40 11.68%
13
11
2 4
14
2003 5 9 2002
9
BVI
BVI
2003
15
2003
16
00
1 2003 4 2
2003 5 9 2002 2003 4 29
2 57 1491574758275.7275
1 2002 2 2002 3 2002 4 2002 5 2002 6 7 8 9 10 11 12
2002 BVI 2002
2003 5 10
00
1 2003 11 212003 12 22 2003 2003 11
17 2 16412454598
83.3263
1 2 3
17
4 2003 12 23
18
BVI ,BVI 77.47
13.3 1503.0 40.2
BVI
2003 12 31 598.0 () 65.0% EBITDA 248.0 33.1%
70.2 12.6% 23.3 18.0%0.100 0.118 0.018 5.6
5.3 27.5 39.6%
2003
8,083.3 87.5% CDMA 1,691.0276.5%
CDMA GSM
2003 CDMA GSM538.0 84.3% GSM 379.4
45.6% 68.0 7.8% CDMA 158.6403.7% 10.3 3.2
2003 3 CDMA CDMA95A CDMA1XCDMA
CDMA1X
1,241.8 CDMA
CDMA GSMGSM 2,530.0
CDMA
19
198.349.7% 2002 11.6% 14% 165
514.0624.1
CDMA1X U-Maxe
CDMA
GSM CDMA GSM CDMA2003 11 GSM CDMA
GSM CDMAGSM CDMA
2003 - 200260.0 51.1
7
2003 12 31 99 2003 12 31
64.6 51.6% 1.33.4
930
20
2002 1 19 30 2003 12 31 30
9,151.5 CDMA 1,894.6646.4 37.1% 80.2
12.1% 31.5 36.8%
( ) :
2003
2003 12 318083.3 33.1% 34.6%
39.3%
CDMA 2003 12 31 CDMA 1691.0 CDMA1X130.3 2003 CDMA 437.0
62.3 10 15 CDMA
GSM 2003 12 31 GSM 6392.32003 GSM 1233.9 250.3
80 165 GSM 2002 2002 12 31
9 GSM CDMA 21 2003 9 GSM CDMA 30
2003 2112.3 CDMA1066.5 GSM 1045.8
2003 198.314.0% PSTN 84.4 IP 113.9
19.1 2.62Mbps 7194 2Mbps 2003 12 31
1243.2
2003 12 31 856.0
2003 12 31 56.9, 11.5
2003 CDMA CDMA1X G&C
1 CDMA
1.1
21
2002 CDMA 2003 8 CDMA17
U Maxe CDMA1X
2003 12 31 CDMA 1691.01604.6 86.4 5.1% CDMA1X
130.3 CDMA 11.5%
CDMA 624.5 1066.5
1.2
CDMA 437.0 62.3
CDMA 82.8427.8% 5.2 11.0
1.3 MOU&ARPU
CDMA 2003 (MOU) 337.5ARPU 128.4
, (MOU) 328.19.4 ARPU 172.2 43.8 CDMA ARPU
2 GSM
2.1
GSM
2003 12 31 GSM 6392.33245.8 3146.5 49.2% GSM29.1% GSM
GSM 5346.5 1045.82971.8 274.0 2374.7
771.8
2.2
2003 GSM 1233.9 250.3
GSM 901.6 36.9%85.0 1.9
2.3 MOU&ARPU
GSM 2003 (MOU) 173.7 MOU231.8 MOU 108.0 ARPU 56.7
ARPU 66.2 ARPU 46.0
(MOU) 165.5 8.2
22
ARPU 67.3 10.6
3
3.1
132.5 198.3 14.0%14.7 19.1
3.1.1 PSTN
2003 12 31 PSTN 329 33897.3% 2821.2 PSTN 84.4
63.7 32.5% 83.1 1.317.8
3.1.2 IP
2003 12 31 IP 50IP IP 113.9 68.8
65.6% 112.5 1.41.3
3.2
2003 12 312.6 2Mbps
3.3
2003 12 31 ATM FR7194 2Mbps 2003
3.4
IP-VPN VPN VPDN VISPUninet IDC Email 2003 12 31
325 2002 729.2 1243.24.8 1238.4 2003 12 31
780.9 624.1
4
4.1
2003
4.2
2003 12 31 856.0 2002 1768.2912.2 2002 66.3% 2003 143.0%” 2290.9
4.3 (ARPU)
23
2003 9.0 2002 7.3 1.7
5
2003 1231 56.9 11.5
326 6 6.1 2003 CDMA
CDMA CDMACP/SP
CDMA1X GSM
6.2
6.3
6.4 2003 12 31 6.3 4000
CDMA
6.5
2003 EBITDA CDMA 3
2003 598.0 65.0% EBITDA 248.0
33.1% 70.2 12.6% 23.318.0% 5.6 5.3 27.5
24
39.6% 0.118 0.100 0.018197.6 - 60.0
51.1 2002 12 31 9 GSM
CDMA 20022002 1 1
2002 2003 31.2% EBITDA 7.5%
3.6% 6.3% 5.65.3 25.6%
1 2003 598.0 65.0%
31.2% GSM CDMA
2002 2002 2003
2002 2002 2003
(%)
(%)
(%)
29,200 80.6 39,409 86.5 53,801 90.0
GSM 26,050 71.9 35,117 77.1 37,938 63.5
CDMA 3,150 8.7 4,292 9.4 15,863 26.5
4,808 13.3 4,039 8.8 4,550 7.6
2,313 6.4 1,705 3.7 1,597 2.7
2,495 6.9 2,334 5.1 2,953 4.9
2,240 6.1 2,121 4.7 1,447 2.4
36,248 100.0 45,569 100.0 59,798 100.0
2003 2002 80.6%
90.0% 104.5%7.6% 2002 6.1% 2.4%
1.1 CDMA CDMA CDMA 2003
158.6 403.7% 269.6% CDMAARPU 128.4
CDMA 2002 2002 2003
25
CDMA
2002 2002 2003
(%)
(%)
(%)
3,150 100.0 4,292 100.0 15, 863 100.0
2,306 73.2 3,247 75.7 11,909 75.1
738 23.4 997 23.2 3,560 22.4
6 0.2 -76 -1.8 -479 -3.0
100 3.2 124 2.9 873 5.5 2003 CDMA 119.1 , 75.1% 35.6
22.4% CDMA -4.79-3.0% ,CDMA
442.6%. CDMA CDMA
2003 CDMA 7.84.9%
1.2 GSM 2003 GSM 379.4 45.6%
8.0% GSM ARPU 2002 67.356.7 ARPU 66.2 77.3 11.1
2003 ARPU 46.0 52.8 6.8
GSM 2002 2002 2003GSM
2002 2002 2003
(%)
(%)
(%)
26,050 100.0 35,117 100.0 37,938 100.0
20,825 79.9 28,353 80.7 29,854 78.7
4,282 16.4 6,312 18.0 7,232 19.1
-325 -1.2 -1,070 -3.0 -1,471 -3.9
80 0.2
1,268 4.9 1,522 4.3 2,243 5.9
GSM 298.5 78.7% 72.319.1% GSM -14.7
26
-3.9% ,GSM 33.3%.
GSM 2003 GSM20.7 5.5%
1.3 2003 45.5 5.4%
12.7% 1.3.1 PSTN 2003 PSTN 16.0 31.0%
6.3% 1.3.2
IP
2003 29.5 18.4%26.5%
1.4 2003 14.5 35.4%
31.8% 8.1 56.2% 2
2003 510.4 76.8%36.9%
2002 2002 2003
27
2002 2002 2003
(%)
(%)
(%)
28,873 79.7 37,277 81.8 51,039 85.4
17,841 49.3 22,310 48.9 27,904 46.7
1,583 4.4 2,021 4.4 4,320 7.2
1,862 5.1 2,165 4.7 2,448 4.1
10,750 29.7 13,621 29.9 15,714 26.3
780 2.2 978 2.1 1,292 2.2
540 1.5 671 1.5 815 1.4
2,326 6.4 2,854 6.3 3,315 5.5
5,997 16.5 7,869 17.3 15,157 25.3
3,593 9.9 4,654 10.2 5,609 9.4
1,442 4.0 2,444 5.4 2,369 4.0
2.1
2003 CDMA 35.2 200343.2 4.4% 7.2%
113.8% 2.2
GSM 2003157.1 46.2%
15.4% 29.9% 200326.3%
2.3 2003 24.5 4.7% 4.1% 2.4
CDMA2003 151.6 152.7% 92.6%
2003 CDMA 58.4 174.2%59.8 40.4 ( 2003 12 31 9) 72.9
63.1% 20.4 63.2%17.3% 25.3%
2.5 2003 56.1 2002 35.9 56.1%
2002 9.9% 2003 9.4% 17.5 200280.0% 2002 2.5% 2.7%
28
2.6 2003 23.7 64.3%
3.1% 3 3.1 2003 70.2 12.6%
3.6% CDMA 2003 -3.2 GSM
68.0 7.8% 9.3%12.5 6.1
6.4 -6.4 3.2 2003 5.3 3.3 2003 17.8 30.6% 3.4 2003 23.3 0.118 0.100 18.0%,
5.6 5.3 27.539.6
4 EBITDA 2003 EBITDA 248.0 33.1%
7.5% EBITDA EBITDA 50.6 41.5 2003 GSM EBITDA 218.3 3.8% EBITDA
63.3 60.7 CDMA EBITDA -13.30.2
EBITDA 2003 31.7 12.4% EBITDA46.6% 2003 44.5% EBITDA 57.5
45.5 EBITDA 36.0 43.95.6 EBITDA 2002 8.7 -1.0
5 2002 138.5 2003 12
31 227.0 (i)(ii)
19.1%
20032003 197.6
GSM 89.1 21.30.4 45.5 41.3
29
2003
2003
2004
21
30
21
9
197.6 193.5 178.7 14.8
89.1 65.3 50.5 14.8
21.3 15.0 15.0 -
0.4 - - -
45.5 34.3 34.3 -
41.3 78.9 78.9 -
2003 21 2004
9 30
2003 -60.0 51.1 2004 30 193.5 ( 21 178.7 14.8
) GSM
2003
2004
30
GSM CDMA CDMA
GSM
GSM&CDMA G&C
(UNI IT) (ERP)(MSS) (CRM)
CDMA1X
2004
CDMA
CDMA1X
GSM
G&C
GSM CDMA
31
2004
1 2003 4 1 8 8
1 2002 2002 2 2002 3 2002
,2002405.8 63.0 45.7 0.364
2002 0.10 4 2002
20021,947,852,967 10 194,785,297 597,392,648 1,655,675,0221,549,868,161 66,486,4423,139,056,741
2002 BVI 77.47BVI 73.84 718,048,293
, 704,420,666 200212 31 19,696,596,395 10 0.357
703,168,491 2,435,888,250
5 2002 30 248.4
2003
6 18 6
100005 88 40200121
5 11 12 4 11 1
32
7
20028 12 2003 1
8
9
10 2002 11
12 9 ,
12
2 2003 4 29 8 8
2003 3 2003 8 28 11 11
1
2 3 2003 2003
4
5 6
4 2003 10 29 11 11
1 2003 2
5 2003 11 19 11 10
1 2 3
4 2003
33
20039 BVI
2003 12 31BVI
2003 12
31 2003
2003
BVI 73.84 2003 BVI
23.02 0.34 23.36
0.09 2003 23.270.118
3.49 32.857.03 2003 45.60
2003 7.18 0.01
7.10 2003 12 31 196.97 10 0.352192
2003
200021
333 12
+86 (21) 6386 3388 +86 (21) 6386 3300
2003 12 312003
2004 3 25 2004 1026
[2003]562003 12 31
2003
2003
2004 3 25
2003 12 31
1658 9,312 20 -
99,278 8,227 2 100,540 1,033 3
2,185 2,185
101,432 57,309 15,86841,441 4
104,937 20,674 3,217 1,657
14,281 14,281
1 2003 12 31 2003 12 312003 12 31
2
3
4
2004 3 25
36
2003 4 1 3
3 : 1 2002 2002 2 2002 3 2002 12 9
,
2003 8 28 33 1 2003 2
2003 11 19 33 1
2 3
9
4 2003
2003
2003 12
37
38
2003 113 ( 2003
81 32 )GSM
CDMA 27.5
( ) 2003 12 31 1068.3GSM 864.7 CDMA 203.6
33.5% 33.8% 200335.8
1 CDMA 2003 12 31 CDMA
203.6 2002 88.6 115.0193.4 2002 88.6 104.8
10.2 5.0% CDMA 54.52002 8.2 5.6 2003 6.2
CDMA 1X 17.6
2003 CDMA (MOU)335.4 , 2002 319.0 16.4
ARPU 123.4 2002 179.7 56.3 2 GSM
2003 12 31 GSM864.7 2002 707.3 157.4
710.5 2002 603.4 107.12002 103.9 154.2 2002 50.3
2002 14.7% 17.8% GSM196.9 2002 135.2 45.6% 2003
29.6
2003 GSM (MOU)204.6 , 2002 201.8 2.8
ARPU 58.3 2002 68.6 10.3
2003 12 31 9151.5GSM 7257.0 CDMA 1894.6 30
39
34.5%38.5% 2003 348.4 30
CDMA
1 CDMA
2003 12 31 30 CDMA1894.6 2002 713.1 1181.5
1798.1 2002 713.1 1085.096.5 CDMA 5.1% CDMA
491.5 2002 91.0 4.4 200368.5
2003 30 CDMA(MOU) 337.3 ARPU 125.8
2 GSM
2003 12 31 30 GSM 7257.02002 6053.8 1203.2
3956.2 2002 3575.3 381.0 20022478.6 3300.7 2002 822.1
2002 40.9% 45.5% GSM 1430.82002 1036.9 38.0% 2003
279.9
2003 30 GSM(MOU) 177.4 ARPU 56.3
2003
64.6 , 2002 42.6 51.6%, 2002 1.32003 3.4
2003646.4 2002 37.1% EBITDA
271.4 2002 13.6% 31.52002 36.8%
40
20032002 12 31
2002 2003
47,148 64,643
(22,115) (28,710)
(1,531) (1,832)
23,502 34,101
(95) (255)
(8,702) (17,200)
(4,625) (5,811)
(2,924) (2,816)
7,156 8,019
1 (121)
37 57
(68) (96)
7,126 7,859
(1,812) (2,377)
(3,014) (2,335)
2,300 3,147
/ 0.117 0.160
/
19,697 19,697
/ 0.144 0.160
/
15,947 19,697
1 2002 2003
2002 1 1 20031 1
2 20022002
2002 1 1 3
2003 11 209
41
2003 12 31
2003
12 31
2002
12 31
192.9 112.5 101.5
1502.9 1397.2 1500.5
837.8 700.0 812.9
530.3 455.2 544.1
378.0 308.4 363.2
289.1 302.6 295.3
376.0 394.6 392.3
55.7% 50.1% 54.2%
2003 149.4
128.9 86.3%
2002 1502.9 2003 1500.52002 837.8 2003 812.9
2002 55.7% 2003 54.2%
2003 [ +]/[ + + ] 68.2%,
68.6% 0.4%, 2003 101.5 2003
544.1 2.6% 4.44% 5.76%
1 10.02
42
2 3.16
3 CDMA 35.15
CDMA 21CDMA
4 11.87
20%
CDMA 28
CDMA
43
CDMA
2003 1 9CDMA 12
CDMACDMA
2003 9 2613
7 57.943 7 0.28%-0.44%
7 2003 11 20
2003 1231 2003 12 31
2001 12 25
2002
200312 22 2003 12 31
( )2003 40 331.2
2004
44
2003
2003
2003
2003
42
154 2003
BVI “ BVI ”“ ”
“ ”
2003 2002
1
2,327,030,573 1,971,992,608 8,645,497 13,627,626
(33,860,243) (9,670,714) BVI 2,301,815,827 1,975,949,520
BVI 73.84% 56.15% 2
BVI 3,117,500,473 3,519,298,947 BVI (87,701) 82,644
BVI 3,117,412,772 3,519,381,591 BVI 77.47% 77.47%
4,024,025,781 4,542,896,077
(1) 287,601,115 175,649,723
(2) 232,692,848 202,586,826 (3) (164,292,325) (141,764,123)
(4) (136,456,622) - (5) (25,761,412) (17,743,245)
(6) 49,378,340 109,221,155 BVI
(7) 12,129,337 -2000 3 31
(8) (7,343,167) (7,343,167) (9) 49,675,830 (204,787,841)
(10) (104,552,239) (60,502,851)
193,071,705 55,316,477
4,217,097,486 4,598,212,554
43
2003
12 31
2002
12 31
1
39,225,242,666 37,595,902,219 (4,000,000) (4,000,000)
(19,720,387) (19,720,387) BVI 1 (718,048,293) -
22,273,123 13,627,626 270,881,942 304,742,185
1 703,168,491 -
BVI 39,479,797,542 37,890,551,643 BVI 73.84% 73.84%
BVI 53,470,084,829 51,317,664,646 BVI (5,057) 82,644
BVI 53,470,079,772 51,317,747,290 BVI 77.47% 77.47%
69,020,393,922 66,242,090,214
(1) 677,894,348 444,681,550 (2) (620,937,588) (853,630,436)
(3) 283,452,143 447,744,468 (5) (5,950,796) (30,960,332)
(6) 158,599,495 109,221,155 BVI
(7) 12,129,337 - 2000 3 31
(8) 79,790,919 141,393,772 (9) 54,340,212 91,663,977
(10) (44,221,983) 60,330,256
595,096,087 410,444,410
69,615,490,009 66,652,534,624
2002 2002 12 31
2002 10 11 BVI 22.84% BVI
51.00 73.84% 2002 56.15%
44
(1)
(2)
7
(3)
4 6 7 2000 1 17
(4)
2003 12 31
2003 12 31
(5)
19981999 2001
(6)
2002 12 31 48 BVIBVI
1.09 2003 12 31 32BVI BVI
4,938
45
(6) ( )
(7) BVI
2002 12 31 BVIBVI
BVI
(8)
2000 3 31
(9)
2003 12 312003 12 31
(10)
46
(%) ( / )
30,215,658,790 77.03% 78.79% 1.53 1.53 7,024,790,629 17.91% 18.32% 0.36 0.36
2,327,030,573 5.93% 6.07% 0.12 0.12
2,779,063,260 7.08% 7.25% 0.14 0.14
=
=
(ROE) :
P ROE = ———————————————— E0+NP÷2+Ei×Mi÷M0-Ej×Mj÷M0
P NP E0 EiEj M0 Mi
Mj
(EPS) : P EPS = ———————————————— S0+S1+Si×Mi÷M0-Sj×Mj÷M0
P S0 S1Si Sj
M0 Mi Mj
47
2003
2003
2003 1 1
BVI
2003 12 31
(1) 1,822,116,749 1,817,945,784 199,903,827 (205,093,493) (142,160,140) 3,492,712,727
1,763,596,042 1,809,862,316 199,903,827 (199,713,225) (84,574,093) 3,489,074,867
58,520,707 8,083,468 - (5,380,268) (57,586,047) 3,637,860
(2) 52,779,647 1,233,907 - (11,913,354) (42,100,200) -
27,612,451 1,233,907 - (8,275,655) (20,570,703) -
25,167,196 - - (3,637,699) (21,529,497) -
(3) 115,947,267 82,105,220 3,509,366 (35,004,129) (117,667,961) 48,889,763
27,438,611 - - - (27,438,611) -
26,788,611 - - - (26,788,611) -
650,000 - - - (650,000) -
(4) 472,812,686 526,030,057 464,708 (20,211,613) (978,631,130) 464,708
472,812,686 526,030,057 464,708 (20,211,613) (978,631,130) 464,708
186,364,246 - - - (186,364,246) -
186,364,246 - - - (186,364,246) -
14,547,111 2,017,693 - - (2,257,510) 14,307,294
(1)
1.37 20036,800
(2)
2003 (3) 2003
(4) 2003
48
2003 12 31 2002 12 31
( ) %
10,151,011,046 19,291,387,964 (9,140,376,918) (47%)
- 173,340,539 (173,340,539) (100%)
140,558,755 33,946,512 106,612,243 314%
4,872,030 37,779,988 (32,907,958) (87%)
5,610,936,613 5,378,373,783 232,562,830 4%
2,817,223,105 2,512,698,390 304,524,715 12%
2,169,353,348 3,229,903,489 (1,060,550,141) (33%)
- 498,569 (498,569) (100%)
2,728,855,186 1,791,698,104 937,157,082 52%
138,762,050,917 120,694,472,176 18,067,578,741 15%
(43,969,336,150) (33,785,096,573) (10,184,239,577) 30%
(464,708) (472,812,686) 472,347,978 (100%)
3,033,684,746 3,309,337,358 (275,652,612) (8%)
18,495,426,509 15,972,645,693 2,522,780,816 16%
1,278,242,146 1,769,888,313 (491,646,167) (28%)
10,975,199,445 9,870,627,000 1,104,572,445 11%
2,255,528,891 4,135,846,207 (1,880,317,316) (45%)
13,024,177,843 14,374,303,988 (1,350,126,145) (9%)
6,683,691,469 6,247,899,393 435,792,076 7%
277,653 9,591,352 (9,313,699) (97%)
1,324,878 8,447,761 (7,122,883) (84%)
85,635,475 124,698,259 (39,062,784) (31%)
623,856,860 1,168,854,348 (544,997,488) (47%)
49
( )
358,662,235 215,405,112 143,257,123 67%
7,223,802,413 5,476,789,073 1,747,013,340 32%
- 11,045,915 (11,045,915) (100%)
36,212,791,994 37,686,161,016 (1,473,369,022) (4%)
3,276,372 12,998,571 (9,722,199) (75%)
29,540,601,436 28,921,277,152 619,324,284 2%
14,213,225,843 14,207,747,478 5,478,365 0%
755,718,596 406,664,010 349,054,586 86%
4,559,701,832 3,284,894,336 1,274,807,496 39%
2003 2002 ( ) %
59,798,476,195 36,247,968,692 23,550,507,503 65%
(27,903,961,149) (17,840,418,113) (10,063,543,036) 56%
(1,678,856,256) (1,144,386,248) (534,470,008) 47%
( ) (56,133,052) 7,095,229 (63,228,281) (891%)
(15,156,835,207) (5,997,020,240) (9,159,814,967) 153%
(5,609,180,388) (3,593,362,814) (2,015,817,574) 56%
( ) (2,368,719,514) (1,441,877,519) (926,841,995) 64%
(595,730,450) 24,079,528 (619,809,978) (2574%)
(650,306,006) (130,324,909) (519,981,097) 399%
(1,783,828,967) (1,668,207,875) (115,621,092) 7%
(1,711,702,593) (2,551,763,029) 840,060,436 (33%)
50
(1) 2002 12 31 BVI
2003 12 31 BVI
2002 12 31 BVI2002 12 31 2002 12 312003 1 1 2003 2003 12 31
BVI 2003 12 31 2003 12 312004 1 1 2004
2003 12 31 2003 12 312003 12 31 2003
2003 (2) 2003
CDMA
2003
2003
2003 5.27
2003 5.26
(3) 2003
BVI
51
2003
top related