广东电力发展股份有限公司 2015 年第三季度报告全文
Guangdong Electric Power Development Co., Ltd.
The Third Quarterly Report 2015
October 2015
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广东电力发展股份有限公司 2015 年第三季度报告全文
1 Important notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Li Zhuoxian, The Company Leader, Ms. .Li Xiaoqing, Chief financial officer and the Mr. Qin Jingdong , the
person in charge of the accounting department (the person in charge of the accounting )hereby confirm the
authenticity and completeness of the financial report enclosed in the report.
English translation for reference only. Should there be any inconsistency between the Chinese and English
versions, the Chinese version shall prevail.
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广东电力发展股份有限公司 2015 年第三季度报告全文
II.Main financial data and changes of shareholders
（1）Main accounting data and financial Index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not.
□Yes √ No
End of the report period End of last year Year-on –year change
Gross assets（RMB） 70,571,390,207.00 69,084,825,852.00 2.15%
Net assets attributable to the shareholders
23,121,001,042.00 21,310,054,597.00 8.50%
of the listed company（RMB）
Year-on year Between beginning of the year Change from the
This report period
change% to the end of the report period same period last year
Operating income（RMB） 6,776,239,369.00 -12.58% 19,687,792,601.00 -13.36%
Net profit attributable to the shareholders
919,135,346.00 4.52% 2,640,130,361.00 4.61%
of the listed company（RMB）
Net profit after deducting of
non-recurring gain/loss attributable to the 908,409,117.00 1.18% 2,424,785,639.00 2.00%
shareholders of listed company（RMB）
Cash flow generated by business
-- -- 8,589,904,384.00 25.21%
operation, net（RMB）
Basic earning per share(RMB/Share) 0.18 5.88% 0.50 4.17%
Diluted gains per
0.18 5.88% 0.50 4.17%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio（%） 4.04% -0.30% 12.07% -1.63%
Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Amount
(Year-beginning to
Items Notes
the end of the
report period.)
Non-current asset disposal gain/loss(including the write-off Mainly for oil shale Company’s equity disposal
130,631,822.00
part for which assets impairment provision is made) profits
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s 3,773,566.00
business and granted under the state’s policies)
Gains and losses from exchange of non-monetary assets 21,977,012.00
Operating income and expenses other than the aforesaid 13,672,399.00
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广东电力发展股份有限公司 2015 年第三季度报告全文
items
Enterprises can control the invested party under
the different control due to additional investment
and other reasons. In the consolidated financial
statements, enterprise should carry on re
Other non-business income and expenditures other than the
49,276,222.00 measurement in accordance with the fair value of
above
the equity which held by the acquiree before the
purchase date. The difference between the fair
value and the value of the accounts should be
accounted into the current investment income.
Less: Amount of influence of income tax 4,327,574.00
Amount of influence of minority interests(after tax) -341,275.00
Total 215,344,722.00 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for
Companies Offering their Securities to the Public-Non-recurring Gains and Losses and its non-recurring gain/loss items as illustrated
in the Explanatory Announcement No.1 on information Disclosure for Companies offering their securities to the public-non-recurring
Gains and losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss.
(II) Total number of shareholders and shareholding of top 10 shareholders by the end of the report period
(1) Total number of common shareholders and shareholding of top 10 common shareholders by the end of the
report period
In Shares
Total number of shareholders at the
123,567
end of report period
Particular about shares held by top ten shareholders
Amount of Pledging or
Share tradable shares freezing
Properties of
Shareholder name proporti Quantity with
shareholder Status of Qua
on % Conditional
the shares ntity
held
State-owned
Guangdong Yudean Group Co., Ltd. 67.39% 3,538,005,285 1,893,342,621
legal person
State-owned
China Securities Finance Co., Ltd. 2.78% 145,748,980
legal person
Guangdong Guangfa Electric Power Investment Co., Ltd. State-owned 2.22% 116,693,602
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广东电力发展股份有限公司 2015 年第三季度报告全文
legal person
State-owned
Guangdong Electric Power Development Corporation 1.80% 94,367,341
legal person
Foreign legal
GOLDEN CHINA MASTER FUND 0.62% 32,393,060
person
Domestic non
State-ow
National social security fund 102 0.46% 23,999,685
ned
Legal person
Foreign legal
GREENWOODS CHINA ALPHA MASTER FUND 0.39% 20,238,886
person
Foreign legal
NORGES BANK 0.35% 18,209,318
person
CHINA INT'L CAPITAL CORP HONG KONG Foreign legal
0.33% 17,475,735
SECURITIES LTD person
BBH A/C VANGUARD EMERGING MARKETS STOCK Foreign legal
0.30% 15,940,844
INDEX FUND person
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares Share type
Name of the shareholder held at the end of the reporting
Share type Quantity
period
Guangdong Yudean Group Co., Ltd. 1,644,662,664 RMB Common shares
China Securities Finance Co., Ltd. 145,748,980 RMB Common shares
Guangdong Guangfa Electric Power Investment Co., Ltd. 116,693,602 RMB Common shares
Guangdong Electric Power Development Corporation 94,367,341 RMB Common shares
Foreign shares placed in
GOLDEN CHINA MASTER FUND 32,393,060
domestic exchange
National social security fund 102 23,999,685 RMB Common shares
Foreign shares placed in
GREENWOODS CHINA ALPHA MASTER FUND 20,238,886
domestic exchange
Foreign shares placed in
NORGES BANK 18,209,318
domestic exchange
Foreign shares placed in
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD 17,475,735
domestic exchange
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX Foreign shares placed in
15,940,844
FUND domestic exchange
Explanation on associated relationship The fourth largest shareholder Guangdong Electric Power
among the aforesaid shareholders Development Corporation is the wholly-owned subsidiaries of the
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广东电力发展股份有限公司 2015 年第三季度报告全文
largest shareholder Yudean Group. These two companies have
relationships; whether the other shareholders have relationships or
unanimous acting was unknown.
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes √ No
No agreed re-purchasing is performed by the Company’s shareholders in the report period.
(2) Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable√ Not applicable
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广东电力发展股份有限公司 2015 年第三季度报告全文
III Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
√ Applicable □ Not applicable
In RMB
Items Scale of Remarks on the change
End of the report period End of last year
change
Construction in progress 4,447,001,474.00 6,349,045,387.00 -29.96% The completion of Yuejiang Company’s
Unit 2×600MW and the asset transferred
into fixation.
Other non-current asset 4,119,682,357.00 3,041,944,705.00 35.43% The increase of prepayment for
engineering equipment.
Short-term loans 7,363,060,000.00 5,721,000,000.00 28.70%
Bill payable 612,753,148.00 321,711,616.00 90.47% New payable material payment with
clearing.
Non-current liability due 1,247,966,732.00 4,497,962,344.00 -72.25% Repayment of RMB 2 billion of corporate
in 1 year bonds and partial long-term loan at
maturity date.
Other current liability 312,141,781.00 808,630,228.00 -61.40% Repayment of short-term financing bill at
maturity date.
The beginning of the Scale of Remarks on the change
Same period of the
Items year to end of the report change
previous year
period
19,687,792,601.00 22,722,756,405.00 -13.36% Mainly caused by the less impact of the
Business income decline in electricity volume and
electricity price.
13,826,201,155.00 16,435,871,791.00 -15.88% Mainly caused by the less impact of the
Business cost
decline in coal price.
Administrative expense 604,476,325.00 606,895,927.00 -0.40%
Financial expenses 1,209,197,915.00 1,348,745,153.00 -10.35%
Investment gain 695,430,176.00 505,659,618.00 37.53%Mainly caused by the earning of share
disposal.
Income tax expenses 963,488,425.00 1,027,647,907.00 -6.24%
Net Cash flow generated 8,589,904,384.00 6,860,443,357.00 25.21%
by business operation
Net cash flow generated -2,488,513,666.00 -2,829,431,950.00 -12.05%
by investment
Net cash flow generated -5,499,927,374.00 -2,636,300,116.00 108.62%The increase of cash in debt repayment
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广东电力发展股份有限公司 2015 年第三季度报告全文
by financing
Net increase of cash and 601,463,344.00 1,394,711,291.00 -56.88%The increase of Net cash flow generated
cash equivalents by financing outflow
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
√ Applicable □ Not applicable
To accelerate the expansion of installation scale and to optimize the energy structure, the 7th meeting of the 8th
board of directors examined and adopted the related proposal of non-public issue of shares, planning to
non-publicly issue shares to the specific object and raising RMB 4 billion to establish new project engineering and
supply the circulating fund. This matter has been approved by State-owned Assets Supervision and
Administration Commission of Guangdong Province. In view of the large changes in the present capital market
environment, the Company will continue to implement the assessment analysis for the preplan of the non-public
issue of share, and will timely start the examination and approval procedure of the shareholder’s meeting and
report to CSRC as well as other succeeding work.
Description of the website for
Overview of material matters Date of disclosing disclosing provisional
announcements
Announcement on the Post Leaving of the Director July 4, 2015 www.cninfo.com.cn
Announcement of Establishment of Guangdong Yudean Electric Power
July 21, 2015 www.cninfo.com.cn
Sales Co., Ltd.
The Preplan of the Company's Non-public A Share July 21, 2015 www.cninfo.com.cn
Announcement of Project Production July 30,2015 www.cninfo.com.cn
Announcement on Transferring 29% Shares of Yunan Baoshan
August 6, 2015 www.cninfo.com.cn
Binlangjiang Hydroelectricity Development Co., Ltd.
Announcement on Part Equity Acquisition of Maoming Zhenneng
August 29,2015 www.cninfo.com.cn
Thermal Power Co., Ltd.
Announcement of Project Production September 25,2015 www.cninfo.com.cn
III. Implementation of commitments
1.Commitments made by the Company or shareholders holding over 5% of the Company’s shares in the reporting period or such
commitments carried down into the reporting period
√Applicable □ Not applicable
Time of
Period of
Commitm making Fulfil
Commitment Contents commitme
ent maker commitme lment
nt
nt
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广东电力发展股份有限公司 2015 年第三季度报告全文
Commitment on
share reform
Commitment in
the acquisition
report or the
report on equity
changes
Commitment Yue Dian Li is the only quoted platform of Yudean Group’s electricity November Within 5 y
made upon the asset integration within the boundary. ② Except Yue Dian Li and the 3, ears after t
assets electricity assets controlled by it, within 5 years after the last 2011 he comple
replacement recombination is done, Yudean Group will pump the assets which meet tion of maj
the conditions of launching after reformation into Yue Dian Li or asset re
gradually through purchasing and recombination and other ways, organizati
according to the situation of solutions to different problems, e.g. the on
Guangdon imperfect examination and approval procedures, the situation of Unde
g Yudean profitability, cooperation agreement and land utilization. ③ At the r
Group aspects of the development of power project and assets purchasing, fulfill
Co., Ltd. Yudean Group provides the priority for Yue Dian Li choose. If Yue ment
Dian Li gives up development and purchasing, Guangkong Group will
join Yue Dian Li under the situation that the project is completed and
put into production, and that the purchase is done and the project meets
the conditions of listing.For details,
see June 5, 2014, published in the designated media "Announcement o
f Guangdong Electric Power Development Co.,Ltd. matters related to c
ommitments".
Commitments
made upon
issuance
Other
Guangdon Unde
commitments To maintain the stability of the market, Yudean Group promised not to
g Yudean July 8, r
made to reduce the Yudean electric power shares within the next 12 months. 12 months
Group 2015 fulfill
minority
Co., Ltd. ment
shareholders
Executed timely
Yes
or not?
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广东电力发展股份有限公司 2015 年第三季度报告全文
IV．Prediction of Business performance for 2015
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
V. Securities investment
□ Applicable √ Not applicable
There is no securities investment during the report period.
VI. Equity interests held in other listed companies
√ Applicable □ Not applicable
Name Type Initial Number of Shareholdi Sharehol Book balance at
investment shares held ng ding the end of the
Number of
cost(RMB) at the proportion proportio reporting period
shares held
beginning of at the n at the (RMB) Gain/loss of Sauce
at the end of Accountin
the reporting beginning end of the reporting of the
the reporting g items
period(shares of the the period (RMB) shares
period
) reporting reporting
(shares)
period(%) period(%
)
Other 15,890,628.00 8,400,000 0.32% 12,600,000 0.32% 114,912,000.00 1,680,000.00 Financial
Shen assets Initiat
Energy A available ed
for sale
Other 235,837,987.50 55,532,250 1.22% 55,532,250 1.22% 398,721,555.00 11,106,450.00 Financial
assets Transf
Shenergy
available eree
for sale
Total 251,728,615.50 63,932,250 -- 68,132,250 -- 513,633,555.00 12,786,450.00 -- --
VII. Derivative investment
□ Applicable √ Not applicable
There is no derivative investment during the report period.
VIII. The registration form of acceptance of investigation, communication and interview in the report period for
future reference
Applicable √ Not applicable
IX. Particulars about illegal external guarantee
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广东电力发展股份有限公司 2015 年第三季度报告全文
□ Applicable √Not applicable
The Company had no illegal external guarantee in the report period.
X. Particulars about non-operating fund of listed company occupied by the largest shareholder and its affiliated en
terprises
□ Applicable √Not applicable
It did not exist that non-operating fund of listed company was occupied by the largest shareholder and its affiliated
enterprises in the report period.
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广东电力发展股份有限公司 2015 年第三季度报告全文
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 5,129,740,658.00 4,548,277,314.00
Settlement provision
Outgoing call loan
Financial assets measured at fair value with variations accounted into current
income account
Bill receivable
Account receivable 2,436,445,830.00 2,580,733,823.00
Prepayments 1,415,458,885.00 1,529,371,276.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable 7,994,029.00 5,471,097.00
Dividend receivable
Other account receivable 184,816,840.00 214,346,505.00
Repurchasing of financial assets
Inventories 1,543,000,478.00 1,623,199,010.00
Assets held for sales 194,456,500.00
Non-current asset due in 1 year
Other current asset 359,210,560.00 704,977,094.00
Total of current assets 11,271,123,780.00 11,206,376,119.00
Non-current assets：
Loans and payment on other’s behalf disbursed
Disposable financial asset 1,058,233,555.00 997,082,335.00
Expired investment in possess
Long-term receivable 125,314,404.00 121,334,809.00
Long term share equity investment 5,895,633,709.00 6,604,709,646.00
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广东电力发展股份有限公司 2015 年第三季度报告全文
Property investment 9,726,734.00 10,203,433.00
Fixed assets 41,853,824,759.00 39,164,300,297.00
Construction in progress 4,447,001,474.00 6,349,045,387.00
Engineering material 86,751,371.00 6,791,093.00
Fixed asset disposal 20,387,276.00 1,493,296.00
Production physical assets
Gas & petrol
Intangible assets 1,566,482,398.00 1,487,859,824.00
R & D petrol 224,274.00
Goodwill 27,486,780.00 2,449,886.00
Long-germ expenses to be amortized 29,283,020.00 31,000,707.00
Differed income tax asset 60,234,316.00 60,234,315.00
Other non-current asset 4,119,682,357.00 3,041,944,705.00
Total of non-current assets 59,300,266,427.00 57,878,449,733.00
Total of assets 70,571,390,207.00 69,084,825,852.00
Current liabilities
Short-term loans 7,363,060,000.00 5,721,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair value with variations accounted into
current income account
Bill payable
Account payable 612,753,148.00 321,711,616.00
Advance payment 2,315,247,347.00 1,913,294,877.00
Selling of repurchased financial assets 10,945,676.00 179,708.00
Fees and commissions receivable
Employees’ wage payable 206,471,377.00 105,824,243.00
Tax payable 495,706,096.00 462,231,344.00
Interest payable 275,046,850.00 214,956,543.00
Dividend payable 8,640,994.00 7,918,730.00
Other account payable 2,623,014,870.00 2,577,102,293.00
Reinsurance fee payable
Insurance contract provision
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广东电力发展股份有限公司 2015 年第三季度报告全文
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 1,247,966,732.00 4,497,962,344.00
Other current liability 312,141,781.00 808,630,228.00
Total of current liability 15,470,994,871.00 16,630,811,926.00
Non-current liabilities：
Long-term loan 21,580,636,228.00 20,614,916,646.00
Bond payable 1,200,741,548.00 1,195,076,905.00
Long-term payable 2,662,796,336.00 2,649,435,371.00
Special payable 44,795,805.00 53,839,983.00
Expected liabilities 38,112,105.00 16,192,269.00
Differed income tax liability 91,081,845.00 98,197,020.00
Other non-current liabilities 80,373,723.00 42,136,023.00
Differed income 25,698,537,590.00 24,669,794,217.00
Total of liability 41,169,532,461.00 41,300,606,143.00
Owners’ equity
Share capital 5,250,283,986.00 4,375,236,655.00
Capital reserves 4,998,433,067.00 4,998,433,067.00
Less：Shares in stock
Special reserves
Other comprehensive income 218,359,818.00 172,496,403.00
Surplus reserves 5,812,191,775.00 4,810,903,365.00
Common risk provision
Undistributed profit 6,841,732,396.00 6,952,985,107.00
Different of foreign currency translation
Total of owner’s equity belong to the parent company 23,121,001,042.00 21,310,054,597.00
Minority shareholders’ equity 6,280,856,704.00 6,474,165,112.00
Total of owners’ equity 29,401,857,746.00 27,784,219,709.00
Total of liabilities and owners’ equity 70,571,390,207.00 69,084,825,852.00
Legal representative ：Li Zhuoxian
Person-in-charge of the accounting work：Li Xiaoqing
Person-in -charge of the accounting organ：Qin Jingdong
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广东电力发展股份有限公司 2015 年第三季度报告全文
2. Balance sheet of Parent Company
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset： 389,646,776.00 468,233,799.00
Monetary fund
Financial assets measured at fair value with variations accounted into current
income account
Bill receivable
Account receivable 218,284,349.00 233,268,283.00
Prepayments 115,958,330.00 142,923,390.00
Interest receivable 1,365,329.00 1,786,468.00
Dividend receivable
Other account receivable 313,668,052.00 360,853,242.00
Inventories 143,520,271.00 110,192,735.00
Assets held for sales 194,456,500.00
Non-current asset due in 1 year
Other current asset 85,145,999.00
Total of current assets 1,376,899,607.00 1,402,403,916.00
Non-current assets：
Disposable financial asset 1,058,233,555.00 997,082,335.00
Expired investment in possess
Long-term receivable 100,000,000.00 550,000,000.00
Long term share equity investment 22,730,764,067.00 21,651,878,481.00
Property investment 9,726,734.00 10,203,433.00
Fixed assets 1,180,592,594.00 1,269,105,391.00
Construction in progress 68,803,463.00 43,403,794.00
Engineering material
Fixed asset disposal 6,920,605.00
Production physical assets
Gas & petrol
Intangible assets 96,608,048.00 99,372,754.00
R & D petrol
Goodwill
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广东电力发展股份有限公司 2015 年第三季度报告全文
Long-germ expenses to be amortized
Differed income tax asset
Other non-current asset 356,004,000.00 90,000,000.00
Total of non-current assets 25,607,653,066.00 24,711,046,188.00
Total of assets 26,984,552,673.00 26,113,450,104.00
Current liabilities
Short-term loans 2,450,000,000.00 1,050,000,000.00
Financial liabilities measured at fair value with variations accounted into
current income account
Bill payable
Account payable 328,512,094.00 92,264,357.00
Advance payment
Employees’ wage payable 26,254,194.00 25,676,736.00
Tax payable 56,211,997.00 46,543,086.00
Interest payable 52,495,813.00 141,345,087.00
Dividend payable 8,640,994.00 7,918,730.00
Other account payable 143,724,137.00 143,109,145.00
Liabilities held for sales
Non-current liability due in 1 year 1,999,548,864.00
Other current liability 507,146,666.00
Total of current liability 3,065,839,229.00 4,013,552,671.00
Non-current liabilities：
Long-term loan 1,500,000,000.00 1,500,000,000.00
Bond payable 1,200,741,548.00 1,195,076,905.00
Long-term payable 9,935,649.00 11,640,351.00
Special payable 11,297,686.00 11,297,686.00
Expected liabilities 42,971,457.00 43,105,866.00
Differed income tax liability 48,127,618.00 32,839,813.00
Other non-current liabilities
Total of Non-current liabilities 2,813,073,958.00 2,793,960,621.00
Total of liability 5,878,913,187.00 6,807,513,292.00
Owners’ equity
Share capital 5,250,283,986.00 4,375,236,655.00
Capital reserves 5,607,138,564.00 5,607,138,564.00
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广东电力发展股份有限公司 2015 年第三季度报告全文
Less：Shares in stock
Special reserves
Other comprehensive income 218,359,818.00 172,496,403.00
Surplus reserves 5,812,191,775.00 4,810,903,365.00
Commonly risk Reserves
Undistributed profit 4,217,665,343.00 4,340,161,825.00
Different of foreign currency translation
Total of owners’ equity 21,105,639,486.00 19,305,936,812.00
Total of liabilities and owners’ equity 26,984,552,673.00 26,113,450,104.00
Legal representative ：Li Zhuoxian
Person-in-charge of the accounting work：Li Xiaoqing
Person-in -charge of the accounting organ：Qin Jingdong
3.Consolidated Profit statement of the report period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Same period of the
Item Report period
previous year
I. Income from the key business 6,776,239,369.00 7,751,442,759.00
Incl：Business income 6,776,239,369.00 7,751,442,759.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 5,323,700,647.00 6,183,643,573.00
Incl：Business cost 4,644,479,136.00 5,453,428,678.00
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 51,881,014.00 50,023,292.00
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广东电力发展股份有限公司 2015 年第三季度报告全文
Sales expense 294,824.00 791,525.00
Administrative expense 230,113,038.00 210,341,415.00
Financial expenses 396,932,635.00 460,858,663.00
Asset impairment loss 8,200,000.00
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 175,459,458.00 155,543,038.00
Incl: investment gains from affiliates
Gains from currency exchange（“-”for loss）
III. Operational profit（“-”for loss 1,627,998,180.00 1,723,342,224.00
Add：Non-business income 40,074,816.00 2,121,922.00
Less：Non business expenses 5,124,593.00 28,035,821.00
Incl：Loss from disposal of non-current assets
IV.Total profit(“-”for loss) 1,662,948,403.00 1,697,428,325.00
Less：Income tax expenses 385,099,703.00 390,380,776.00
V. Net profit（“-”for net loss 1,277,848,700.00 1,307,047,549.00
Including: Net profit realized by the entity taken over before the takeover
Net profit attributable to the owners of parent company 919,135,346.00 879,418,818.00
Minority shareholders’ equity 358,713,354.00 427,628,731.00
VI. Earnings per share：
（I）Basic earnings per share 0.18 0.17
(II)Diluted earnings per share 0.18 0.17
VII. Other comprehensive income -148,390,700.00 27,674,151.00
Including: other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting period
Other comprehensive incomes that can be reclassified into gains/losses in the
-148,390,700.00 27,674,151.00
subsequent accounting period when certain conditions are satisfied
VIII. Total comprehensive income 1,129,458,000.00 1,334,721,700.00
Total comprehensive income attributable to the owner of the parent company 770,744,646.00 907,092,969.00
Total comprehensive income attributable minority shareholders 358,713,354.00 427,628,731.00
Legal representative ：Li Zhuoxian
Person-in-charge of the accounting work：Li Xiaoqing
Person-in -charge of the accounting organ：Qin Jingdong
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广东电力发展股份有限公司 2015 年第三季度报告全文
4. Profit statement of the Parent Company of the Report period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Same period of the
Items Report period
previous year
I. Income from the key business 618,417,649.00 732,630,514.00
Incl：Business cost 437,221,777.00 590,655,848.00
Business tax and surcharge 3,826,245.00 5,489,986.00
Sales expense 20,333.00 108,089.00
Administrative expense 29,045,001.00 29,887,701.00
Financial expenses 72,350,203.00 88,352,095.00
Asset impairment loss
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 404,687,794.00 340,662,131.00
Incl: investment gains from affiliates
II. Operational profit（“-”for loss 480,641,884.00 358,798,926.00
Add：Non-business income 17,205,272.00 170,107.00
Less：Non business expenses 319,011.00 459,225.00
Incl：Loss from disposal of non-current assets
III.Total profit(“-”for loss) 497,528,145.00 358,509,808.00
Less：Income tax expenses 23,650,223.00 7,313,767.00
IV. Net profit（“-”for net loss） 473,877,922.00 351,196,041.00
V. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
VI. Other comprehensive income -148,390,700.00 27,674,151.00
Including: other comprehensive income items that will not be reclassified into
gains/losses in the subsequent accounting period
Other comprehensive incomes that can be reclassified into
gains/losses in the subsequent accounting period when certain -148,390,700.00 27,674,151.00
conditions are satisfied
VII. Total comprehensive income 325,487,222.00 378,870,192.00
Legal representative ：Li Zhuoxian
Person-in-charge of the accounting work：Li Xiaoqing
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广东电力发展股份有限公司 2015 年第三季度报告全文
Person-in -charge of the accounting organ：Qin Jingdong
5. Consolidated Profit statement between the beginning of the year and end of the report period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Total operating income 19,687,792,601.00 22,722,756,405.00
Including：Operating income 19,687,792,601.00 22,722,756,405.00
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 15,798,835,076.00 18,535,604,054.00
Including：Operating cost 13,826,201,155.00 16,435,871,791.00
Interest expense
Commission chare and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 157,843,720.00 135,690,064.00
Sales expenses 1,115,961.00 2,263,407.00
Administration expenses 604,476,325.00 606,895,927.00
Financial expenses 1,209,197,915.00 1,348,745,153.00
Losses of devaluation of assets 6,137,712.00
Add ：Changing income of fair value
Investment income 695,430,176.00 505,659,618.00
Including：Investment income on affiliate company and joint venture
Exchange income
III. Operating profit 4,584,387,701.00 4,692,811,969.00
Add ：Non-operating income 61,274,956.00 19,077,253.00
Less：Non-operating expense 6,189,308.00 54,315,366.00
Including :Disposal loss of non-current assets
IV. Total profit 4,639,473,349.00 4,657,573,856.00
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广东电力发展股份有限公司 2015 年第三季度报告全文
Less：Income tax 963,488,425.00 1,027,647,907.00
V. Net profit（“-”for net loss 3,675,984,924.00 3,629,925,949.00
Including: Net profit realized by the entity taken over before the takeover
Net profit attributable to the owners of parent company 2,640,130,361.00 2,523,879,364.00
Minority shareholders’ equity 1,035,854,563.00 1,106,046,585.00
VI. Earnings per share：
（I）Basic earnings per share 0.50 0.48
(II)Diluted earnings per share 0.50 0.48
VII. Other comprehensive income 45,863,415.00 18,850,838.00
Including: other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting period
Other comprehensive incomes that can be reclassified into
gains/losses in the subsequent accounting period when certain 45,863,415.00 18,850,838.00
conditions are satisfied
VIII. Total comprehensive income 3,721,848,339.00 3,648,776,787.00
Total comprehensive income attributable to the owner of the parent company 2,685,993,776.00 2,542,730,202.00
Total comprehensive income attributable minority shareholders 1,035,854,563.00 1,106,046,585.00
Legal representative ：Li Zhuoxian
Person-in-charge of the accounting work：Li Xiaoqing
Person-in -charge of the accounting organ：Qin Jingdong
6.Profit Statement of the Parent Between the Beginning of the Year and End of the Report Period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Same period of the
Items Report period
previous year
I. Business income 1,716,084,263.00 2,068,973,602.00
Less：Business cost 1,206,183,589.00 1,611,623,266.00
Business tax and surcharge 14,816,662.00 13,200,069.00
Sales expense 20,333.00 122,289.00
Administrative expense 83,151,443.00 91,934,120.00
Financial expenses 232,263,185.00 274,719,056.00
Asset impairment loss -1,388,889.00
Add：Gains from change of fir value （“-”for loss）
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广东电力发展股份有限公司 2015 年第三季度报告全文
Investment gain（“-”for loss） 2,475,836,663.00 2,546,746,167.00
Incl: investment gains from affiliates
II. Operational profit 2,655,485,714.00 2,625,509,858.00
Add：Non-business income 18,925,055.00 3,587,733.00
Less：Non business expenses 345,541.00 5,403,616.00
Incl：Loss from disposal of non-current assets
III.Total profit 2,674,065,228.00 2,623,693,975.00
Less：Income tax expenses 45,178,638.00 21,161,209.00
IV. Net profit 2,628,886,590.00 2,602,532,766.00
V. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
VI. Other comprehensive income 45,863,415.00 18,850,838.00
Including: other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting period
Other comprehensive incomes that can be reclassified into
gains/losses in the subsequent accounting period when certain 45,863,415.00 18,850,838.00
conditions are satisfied
VII. Total comprehensive income 2,674,750,005.00 2,621,383,604.00
Legal representative ：Li Zhuoxian
Person-in-charge of the accounting work：Li Xiaoqing
Person-in -charge of the accounting organ：Qin Jingdong
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Same period of the
Items Report period
previous year
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 23,307,995,187.00 26,945,926,240.00
Net increase of customer deposits and capital kept for brother company
Net increase of loans from central bank
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广东电力发展股份有限公司 2015 年第三季度报告全文
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Net increase of trade financial asset disposal
Cash received as interest, processing fee and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 6,849,537.00 12,777,715.00
Other cash received from business operation 251,610,796.00 190,491,813.00
Sub-total of cash inflow 23,566,455,520.00 27,149,195,768.00
Cash paid for purchasing of merchandise and services 10,842,305,367.00 16,044,496,384.00
Net increase of client trade and advance
Net increase of savings n central bank and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 1,145,428,589.00 1,139,468,319.00
Taxes paid 2,648,618,826.00 2,693,472,469.00
Other cash paid for business activities 340,198,354.00 411,315,239.00
Sub-total of cash outflow from business activities 14,976,551,136.00 20,288,752,411.00
Cash flow generated by business operation, net 8,589,904,384.00 6,860,443,357.00
II.Cash flow generated by investing
Cash received from investment retrieving 217,476,155.00 95,095,390.00
Cash received as investment gains 605,182,713.00 577,458,353.00
Net cash retrieved from disposal of fixed assets, intangible assets, and other
9,985,554.00 6,361,828.00
long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 52,028,777.00
Sub-total of cash inflow due to investment activities 884,673,199.00 678,915,571.00
Cash paid for construction of
fixed assets, intangible assets 3,373,186,865.00 3,461,341,421.00
and other long-term assets
Cash paid as investment 47,006,100.00
Net increase of loan against pledge
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广东电力发展股份有限公司 2015 年第三季度报告全文
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 3,373,186,865.00 3,508,347,521.00
Net cash flow generated by investment -2,488,513,666.00 -2,829,431,950.00
III.Cash flow generated by financing
Cash received as investment 33,000,000.00 30,000,000.00
Incl: Cash received as investment from minor shareholders 33,000,000.00 30,000,000.00
Cash received as loans 18,916,451,051.00 18,469,552,796.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing activities 18,949,451,051.00 18,499,552,796.00
Cash to repay debts 20,833,488,393.00 17,655,265,789.00
Cash paid as dividend, profit, or interests 3,565,490,032.00 3,480,587,123.00
Incl: Dividend and profit paid by subsidiaries to minor shareholders 1,211,762,971.00
Other cash paid for financing activities 50,400,000.00
Sub-total of cash outflow due to financing activities 24,449,378,425.00 21,135,852,912.00
Net cash flow generated by financing -5,499,927,374.00 -2,636,300,116.00
IV. Influence of exchange rate alternation on cash and cash equivalents
V.Net increase of cash and cash equivalents 601,463,344.00 1,394,711,291.00
Add: balance of cash and cash equivalents at the beginning of term 4,528,277,314.00 4,377,311,176.00
VI ..Balance of cash and cash equivalents at the end of term 5,129,740,658.00 5,772,022,467.00
Legal representative ：Li Zhuoxian
Person-in-charge of the accounting work：Li Xiaoqing
Person-in -charge of the accounting organ：Qin Jingdong
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 2,018,894,760.00 2,427,360,294.00
Tax returned 132,753.00
Other cash received from business operation 47,154,728.00 35,696,872.00
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广东电力发展股份有限公司 2015 年第三季度报告全文
Sub-total of cash inflow 2,066,182,241.00 2,463,057,166.00
Cash paid for purchasing of merchandise and services 832,357,541.00 1,300,743,037.00
Cash paid to staffs or paid for staffs 228,812,019.00 258,133,700.00
Taxes paid 236,082,041.00 161,162,806.00
Other cash paid for business activities 41,122,395.00 69,071,121.00
Sub-total of cash outflow from business activities 1,338,373,996.00 1,789,110,664.00
Cash flow generated by business operation, net 727,808,245.00 673,946,502.00
II.Cash flow generated by investing
Cash received from investment retrieving 1,137,029,489.00 345,095,391.00
Cash received as investment gains 2,466,207,496.00 2,616,874,572.00
Net cash retrieved from disposal of fixed assets, intangible assets, and other
4,045.00 637,415.00
long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 3,603,241,030.00 2,962,607,378.00
Cash paid for construction of
fixed assets, intangible assets 84,688,373.00 161,405,617.00
and other long-term assets
Cash paid as investment 1,988,904,000.00 1,176,796,100.00
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 2,073,592,373.00 1,338,201,717.00
Net cash flow generated by investment 1,529,648,657.00 1,624,405,661.00
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 2,550,000,000.00 1,948,600,000.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing activities 2,550,000,000.00 1,948,600,000.00
Cash to repay debts 3,649,999,300.00 2,607,839,198.00
Cash paid as dividend, profit, or interests 1,176,044,625.00 1,200,742,910.00
Other cash paid for financing activities
Sub-total of cash outflow due to financing activities 4,826,043,925.00 3,808,582,108.00
Net cash flow generated by financing -2,276,043,925.00 -1,859,982,108.00
IV. Influence of exchange rate alternation on cash and cash equivalents
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广东电力发展股份有限公司 2015 年第三季度报告全文
V.Net increase of cash and cash equivalents -18,587,023.00 438,370,055.00
Add: balance of cash and cash equivalents at the beginning of term 408,233,799.00 296,476,854.00
VI ..Balance of cash and cash equivalents at the end of term 389,646,776.00 734,846,909.00
Legal representative ：Li Zhuoxian
Person-in-charge of the accounting work：Li Xiaoqing
Person-in -charge of the accounting organ：Qin Jingdong
II. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
26
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