2003 Annual Report

	Shenyang Public Utility Holdings Company Limited (747)

Company Profile Financial Highlights Chairman's Statement Profile of the Management Team Management Discussion and Analysis Report of the Directors Report of the Supervisory Committee Notice of 2003 Annual General Meeting Report of the International Auditors Consolidated Income Statement Consolidated Balance Sheet Balance Sheet Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement Notes to the Financial Statements Company Information Proxy form for the 2003 Annual General Meeting to be held on 16th June 2004 (or any adjournment thereof) Reply Slip for the 2003 Annual General Meeting to be held on 16th June 2004