Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
Guangdong Electric Power Development Co., Ltd.
The First Quarterly Report 2016
April 2016
1
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
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.
Other directors attended the meeting on examining this Quarterly Report except for the following directors.
Name absent
Title Reason of absence Name of entrusted
director
Zhong Weimin Director Due to business Hong Rongkun
Yang Xinli Director Due to business Yao Jiheng
Zhang Xueqiu Director Due to business Liu Tao
Mr. Li Zhuoxian, Person in charge of the Company, Mr.Li Xiaoqing , Person in charge of accounting works, Mr.
Qin Jingdong ,CFO as well as person in charge of accounting institution represent and warrant the financial and
accounting report in the first quarterly report is true and complete.
IF THERE IS ANY CONFLICT BETWEEN THE CHINESE VERSION AND ITS ENGLISH
TRANSLATION, THE CHINESE VERSION WILL PREVAIL.
2
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
II. Main financial data and changes of shareholders
I.Main financial 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
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（RMB） 4,405,938,708.00 6,068,031,708.00 -27.39%
Net profit attributable to the shareholders
110,019,230.00 758,001,796.00 -85.49%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 110,018,307.00 627,568,982.00 -82.47%
listed company（RMB）
Cash flow generated by business operation,
2,036,376,774.00 2,652,328,931.00 -23.22%
net（RMB）
Basic earning per share(RMB/Share) 0.021 0.144 -85.42%
Diluted gains per
0.021 0.144 -85.42%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
0.46% 3.49% -3.03%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 71,469,160,112.00 71,919,934,143.00 -0.63%
Net assets attributable to the shareholders
23,778,507,630.00 23,754,596,981.00 0.10%
of the listed company（RMB）
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 part
-69,032.00
for which assets impairment provision is made)
3
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business -659,954.00
and granted under the state’s policies)
Asset impairment provisions due to acts of God such as natural
disasters
Other non-operating income and expenditure except for the
1,011,857.00
aforementioned items
Less: Amount of influence of income tax 73,674.00
Amount of influence of minority interests（After tax） 208,274.00
Total 923.00 --
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
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
4
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders
Total number of common with the voting power
112,579 0
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Guangdong
State-owned legal
Yudean Group 67.39% 3,538,005,285 1,893,342,621
person
Co., Ltd.
China Securities
State-owned legal
Finance Co., 2.78% 145,748,980
person
Ltd.
Guangdong
Guangfa Electric State-owned legal
2.22% 116,693,602
Power Investment person
Co., Ltd.
Guangdong
Electric Power State-owned legal
1.80% 94,367,341
Development person
Corporation
GOLDEN
Overseas Legal
CHINA 0.62% 32,393,060
person
MASTER FUND
Domestic Natural
Li Zhuo 0.39% 20,457,885
person
GREENWOODS
Overseas Legal
CHINA ALPHA 0.39% 20,238,886
person
MASTER FUND
Overseas Legal
NORGES BANK 0.35% 18,209,318
person
CHINA INT'L
CAPITAL CORP Overseas Legal
0.30% 15,682,336
HONG KONG person
SECURITIES
5
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
LTD
BBH A/C
VANGUARD
EMERGING Overseas Legal
0.30% 15,675,144
MARKETS person
STOCK INDEX
FUND
Shares held by the Top 10 Shareholders of Non-restricted shares
Share type
Shareholders’ Names Number of the non-restricted shares held
Share type Quantity
RMB Common
Guangdong Yudean Group Co., Ltd. 1,644,662,664
shares
RMB Common
China Securities Finance Co., Ltd. 145,748,980
shares
Guangdong Guangfa Electric Power RMB Common
116,693,602
Investment Co., Ltd. shares
Guangdong Electric Power RMB Common
94,367,341
Development Corporation shares
Foreign shares
placed in
GOLDEN CHINA MASTER FUND 32,393,060
domestic
exchange
RMB Common
Li Zhuo 20,457,885
shares
Foreign shares
GREENWOODS CHINA ALPHA placed in
20,238,886
MASTER FUND domestic
exchange
Foreign shares
placed in
NORGES BANK 18,209,318
domestic
exchange
Foreign shares
CHINA INT'L CAPITAL CORP placed in
15,682,336
HONG KONG SECURITIES LTD domestic
exchange
Foreign shares
BBH A/C VANGUARD
placed in
EMERGING MARKETS STOCK 15,675,144
domestic
INDEX FUND
exchange
6
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
The fourth largest shareholder Guangdong Electric Power Development Corporation is the
Explanation on associated
wholly-owned subsidiaries of the largest shareholder Yudean Group. These two companies
relationship or concerted action of
have relationships; whether the other shareholders have relationships or unanimous acting
the above shareholders
was unknown.
Note to the top 10 common
The Fifth largest shareholder Li Zhuo holds 20,180,865 A shares of the Company through
stockholders involved in margin
stock account with credit transaction and guarantee and holds277,020 A shares through
financing & securities lending (If
ordinary stock account, hold 20,457,885 shares of the Company's stock totally.
any)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable √Not applicable
7
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
It is indicated in the reporting period the net profits assigned to the shareholders of listed companies have
been 85.49% YoY drop. Weak power demand and anabatic competition have compelled drastic decline in electric
quantity. Another reduction of on-grid price released by the state as of January, 1st has an intensely negative effect
on the profits from power generation and return on investment from the associated company. Additionally,
income from equity disposition of the oil shale company was accounted from a year earlier, while the current
period is absent from it. Upon synthetic analysis of the aforesaid factors, the net profits are sizeable YoY drop.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√Applicable □Not applicable
On February 5, 2016, we received a Notice of China Securities Regulatory Commission on Acceptance of
Administrative Licensing Acceptance (160208), which suggested the Non-Public Stock Issuance of Listed
Company submitted was to be admitted.
On February 29, 2016, we were informed of the Notice of China Securities Regulatory Commission’s
Feedback on Administrative Licensing Issued by China Securities Regulatory Commission numbered 160208
(hereinafter referred to as CSRC). The Notice demanded us to present written description and explanation and
replied written comments to the administrative licensing review department of CSRC within 30 days. Based on
prudent deliberation with intermediary organizations, we submitted an application for deferred reply to CSRC on
March 29, 2016, for the sake of decent and favorable reply, fair implementation and supplement of 2015 annual
report and other work involved. The date for response was put off to the one until May 28, 2016.
We are engaging in the feedback together with intermediary organizations. Upon preparation of reply, we
will promptly fulfill the obligation of information disclosure and report relevant documents to CSRC.
The non-public stock issuance shall be verified and approved by CSRC. No or yes is uncertain. We will
promptly fulfill the obligation of information disclosure in light of CSRC’s verification.
Description of the website for
Overview of material matters Date of disclosing disclosing provisional
announcements
Adjustment on on-grid price of Name of Announcement :《Announcement
coal-fired units in the power-generating of Guangdong Electric Power
January 16,2016
plant held by us has been made as a Development Co., Ltd. on Electricity Rte
response to the Notice on Reduction of Adjustment》（2016-03），Published in
8
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
On-Grid Price of Guangdong China Securities Daily, Securities Times
Coal-Burning Electricity-Generating and http//.www.cninfo.com.cn.
Enterprises (YFG price [2015]820)
promulgated by Guangdong Development
and Reform Commission.
Name of Announcement :《Announcement
of Guangdong Electric Power
The interests of 2012 corporate bonds of
Development Co., Ltd. Concerning
the Company for the period from March
March 12,2016 payment of Corporate Bond Interest 》
18, 2015 to March 17 ,2016 will be paid on
（2016-06），Published in
March 18, 2016.
China Securities Daily, Securities Times
and http//.www.cninfo.com.cn.
Name of Announcement :《Announcement
In order to speed up all the works of the
Zhaoqing Dinghu Natural gas CCHP of Resolutions of the 2nd Meeting of the
project, the boaqrd of directors agreed to
Eighth Board of Directors of Guangdong
establish the project company in Zhaoqing
Dinghuu Area with He Jiang Electric Electric Power development Co., Ltd. By
Power Development Co., Ltd. By equity
March 26,2016 Correspondence in 2016 》（ 2016-07 ） ,
proportion of 90% :10%, of which the
initial registered capital is RMB 100 《 Announcement of Guangdong Electric Power
million. According to the equity
Development Co., Ltd. on External Investment
proportion, the company shall contribute
RMB 90 million, taking 90% of the total 》（2016-08），Published in
equity. China Securities Daily, Securities Times
and http//.www.cninfo.com.cn.
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
√Applicable□ Not applicable
Time of Period of
Commitm Fulfill
Commitment Type Contents making commitme
ent maker ment
commitment nt
Commitment on share
reform
Commitment in the
acquisition report or
the report on equity
changes
Commitments in Guangdon Yue Dian Li is the only quoted platform of Yudean November 3, Within 5 y Under
assets reorganization g Yudean Group’s electricity asset integration within the 2011 ears after t fulfillm
9
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
Group boundary. ② Except Yue Dian Li and the he complet ent
Co., Ltd. electricity assets controlled by it, within 5 years ion of maj
after the last recombination is done, Yudean Group or asset re
will pump the assets which meet the conditions of organizati
launching after reformation into Yue Dian Li on
gradually through purchasing and recombination
and other ways, according to the situation of
solutions to different problems, e.g. the imperfect
examination and approval procedures, the situation
of profitability, cooperation agreement and land
utilization. ③ At the aspects of the development
of power project and assets purchasing, Yudean
Group provides the priority for Yue Dian Li choose.
If Yue 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 medi
a "Announcement of Guangdong Electric Power De
velopment Co.,Ltd. matters related to commitments
".
Commitments make in
initial public offering
or re-financing
Equity incentive
commitment
Guangdon To maintain the stability of the market, Yudean
Other commitments Under
g Yudean Group promised not to reduce the Yudean electric
for medium and small July 8, 2015 12 months fulfillm
Group power shares within the next 12 months.
shareholders ent
Co., Ltd.
Completed on
Yes
time(Y/N)
IV. Anticipation of Business Performance from January to June, 2016
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or
comparing with the same period of last year, and statement of causations.
√ Applicable □ Not applicable
Forenotice of earnings: Year-on-Year drop
Type of date filled for the prediction: Interval figures
10
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
Same period of
Year beginning to end of next
the previous Increase or decrease%
report period
year
Estimated amount of
accumulative net -- 1,720,995,015 Decrease --
profit(RMB’0000)
Basic earnings per shares Decrease
-- 0.33 --
(Yuan/share)
V. Investment in securities
√ Applicable □Not applicable
Number
Sharehold Number
of shares Sharehold Book
ing of shares
Initial held at ing balance at Gain. loss
proportio held at
Short investmen the proportio the end of of the
Security Security n at the the end of Accounti Source of
form of t beginning n at the the reporting
category code beginning the ng items the shares
security cost(RM of the end of the reporting period
of the reporting
B) reporting reporting period (RMB)
reporting period
period(sh period(%) (RMB)
period(%) (shares)
ares)
Financial
235,837,9 55,532,25 55,532,25 337,080,7 assets Transfere
Stock 600642 Shenergy 1.22% 1.22% 0.00
88.00 0 0 57.50 available e
for sales
Financial
Shenzhen 15,890,62 12,600,00 12,600,00 91,854,00 assets Issue
Stock 000027 0.32% 0.32% 0.00
Energy 8.00 0 0 0.00 available obtain
for sales
Financial
3,600,000 9,576,000 assets Establish
Stock 831039 GMGITC 1,800,000 1.29% 1,800,000 1.29% 0.00
.00 .00 available ment
for sales
255,328,6 69,932,25 69,932,25 438,510,7
Total -- -- 0.00 -- --
16.00 0 0 57.50
VI. Investment in derivatives
□ Applicable √Not applicable
The Company had no derivatives investment in Period.
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the
Reporting Period
√Applicable □Not applicable
Reception time Way of reception Types of visitors Basic index
11
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
Details can be found in the Record Chart of the Investor
March 4,2016 Onsite investigation Organization Relation Activity disclosed on Juchao
website(www.cninfo.com.cn) on 9 March 2016.。
VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
12
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
IV. Financial Statement
一、 Financial statement
1. Consolidated Balance sheet
Prepared by：Guangdong Electric Power Development Co., Ltd. Unit ：RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 5,256,191,073.00 5,237,406,725.00
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable
Account receivable
Prepayments 1,983,421,665.00 2,484,683,890.00
Insurance receivable 1,172,505,125.00 1,063,701,630.00
Reinsurance receivable 10,152,900.00 10,232,658.00
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable 4,000,000.00
Other account receivable 167,474,914.00 188,899,280.00
Repurchasing of financial assets
Inventories 1,556,892,953.00 1,333,654,623.00
Non-current asset due in 1 year
Other current asset 673,832,860.00 638,461,972.00
Total of current assets 10,820,471,490.00 10,961,040,778.00
Non-current assets：
Loans and payment on other’s behalf disbursed
Disposable financial asset 979,510,758.00 1,094,350,488.00
Expired investment in possess
Long-term receivable 130,020,451.00 128,640,631.00
Long term share equity investment 5,940,735,480.00 5,924,410,159.00
Property investment 9,408,934.00 9,567,835.00
13
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
Fixed assets 43,377,810,213.00 44,330,167,621.00
Construction in progress 6,494,187,978.00 5,613,398,840.00
Engineering material 1,949,034.00 1,673,547.00
Fixed asset disposal 3,829,573.00 3,475,384.00
Production physical assets
Gas & petrol
Intangible assets 1,651,641,035.00 1,663,430,069.00
R & D petrol
Goodwill 27,486,780.00 27,486,780.00
Long-germ expenses to be amortized 28,497,252.00 28,843,225.00
Differed income tax asset 141,206,054.00 116,237,351.00
Other non-current asset 1,862,405,080.00 2,017,211,435.00
Total of non-current assets 60,648,688,622.00 60,958,893,365.00
Total of assets 71,469,160,112.00 71,919,934,143.00
Current liabilities
Short-term loans 5,863,560,000.00 6,288,060,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Bill payable
Account payable 429,779,553.00 593,971,146.00
Advance payment 2,092,910,822.00 1,739,227,291.00
Selling of repurchased financial assets 285,419.00 244,798.00
Fees and commissions receivable
Employees’ wage payable 157,573,073.00 123,477,922.00
Tax payable 282,688,128.00 404,729,354.00
Interest payable 97,993,215.00 105,492,698.00
Dividend payable 8,640,994.00 8,640,994.00
Other account payable 3,427,739,017.00 3,536,133,625.00
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
14
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
Non-current liability due in 1 year 1,807,312,495.00 1,851,670,652.00
Other current liability 1,725,547,123.00 1,711,348,630.00
Total of current liability 15,894,029,839.00 16,362,997,110.00
Non-current liabilities：
Long-term loan 21,396,064,008.00 21,303,229,910.00
Bond payable 1,196,267,976.00 1,196,029,762.00
Long-term payable 2,442,174,403.00 2,495,443,111.00
Long-term payable employees' remuneration 81,986,500.00 85,827,126.00
Special payable 24,711,974.00 24,711,974.00
Expected liabilities 103,748,941.00 103,256,725.00
Differed income 58,338,858.00 87,243,028.00
Differed income tax liability
Other non-current liabilities 39,000,002.00 39,000,000.00
Total non-current liabilities 25,342,292,662.00 25,334,741,636.00
Total of liability 41,236,322,501.00 41,697,738,746.00
Owners’ equity
Share capital 5,250,283,986.00 5,250,283,986.00
Capital reserves 5,007,098,375.00 5,007,077,158.00
Less：Shares in stock
Other Comprehensive Income 159,578,917.00 245,708,715.00
Special reserves
Surplus reserves 5,812,191,775.00 5,812,191,775.00
Common risk provision
Undistributed profit 7,549,354,577.00 7,439,335,347.00
Different of foreign currency translation
Total of owner’s equity belong to the parent company 23,778,507,630.00 23,754,596,981.00
Minority shareholders’ equity 6,454,329,981.00 6,467,598,416.00
Total of owners’ equity 30,232,837,611.00 30,222,195,397.00
Total of liabilities and owners’ equity 71,469,160,112.00 71,919,934,143.00
2. Balance sheet of the Parent Company Unit：RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 463,827,576.00 682,950,639.00
15
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
Trading financial assets
Bill receivable
Account receivable 125,444,773.00 134,539,664.00
Prepayments 115,227,550.00 115,303,150.00
Interest receivable 769,895.00 1,818,442.00
Dividend receivable 17,512,934.00 21,512,934.00
Other account receivable 115,754,786.00 318,483,048.00
Inventories 145,241,927.00 141,559,999.00
Non-current asset due in 1 year
Other current asset 10,508,362.00
Total of current assets 983,779,441.00 1,426,676,238.00
Non-current assets：
Disposable financial asset 979,510,758.00 1,094,350,488.00
Expired investment in possess
Long-term receivable 300,000,000.00 100,000,000.00
Long term share equity investment 22,922,342,200.00 22,588,550,554.00
Property investment 9,408,936.00 9,567,835.00
Fixed assets 1,183,696,180.00 1,217,618,892.00
Construction in progress 29,499,766.00 26,156,889.00
Engineering material
Fixed asset disposal 27,838.00
Production physical assets
Gas & petrol
Intangible assets 94,929,411.00 95,876,179.00
R & D petrol
Goodwill
Long-germ expenses to be amortized
Differed income tax asset
Other non-current asset 653,004,000.00 653,004,000.00
Total of non-current assets 26,172,419,089.00 25,785,124,837.00
Total of assets 27,156,198,530.00 27,211,801,075.00
Current liabilities
Short-term loans 1,000,000,000.00 900,000,000.00
Trade off financial liabilities
16
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
Bill payable
Account payable 210,189,357.00 292,714,747.00
Advance payment
Employees’ wage payable 29,184,626.00 30,063,156.00
Tax payable 10,720,642.00 21,266,249.00
Interest payable 13,889,793.00 52,100,633.00
Dividend payable 8,640,994.00 8,640,994.00
Other account payable 86,321,667.00 112,031,125.00
Non-current liability due in 1 year
Other current liability 1,521,903,288.00 1,509,599,589.00
Total of current liability 2,880,850,367.00 2,926,416,493.00
Non-current liabilities：
Long-term loan 1,500,000,000.00 1,500,000,000.00
Bond payable 1,196,267,976.00 1,196,029,762.00
Long-term payable
Long-term payable employees' remuneration 23,430,233.00 24,192,962.00
Special payable
Expected liabilities
Differed income 52,957,876.00 52,918,949.00
Differed income tax liability 25,862,069.00 54,572,001.00
Other non-current liabilities
Total of Non-current liabilities 2,798,518,154.00 2,827,713,674.00
Total of liability 5,679,368,521.00 5,754,130,167.00
Owners’ equity
Share capital 5,250,283,986.00 5,250,283,986.00
Capital reserves 5,609,843,060.00 5,609,821,843.00
Less：Shares in stock
Other Comprehensive Income 159,578,918.00 245,708,715.00
Special reserves
Surplus reserves 5,812,191,775.00 5,812,191,775.00
Undistributed profit 4,644,932,270.00 4,539,664,589.00
Different of foreign currency translation
Total of owners’ equity 21,476,830,009.00 21,457,670,908.00
Total of liabilities and owners’ equity 27,156,198,530.00 27,211,801,075.00
17
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
3. Consolidated Profit statement Unit：RMB
Same period of the
Items Report period
previous year
I. Income from the key business 4,405,938,708.00 6,068,031,708.00
Incl：Business income 4,405,938,708.00 6,068,031,708.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 4,121,004,327.00 5,087,326,563.00
Incl：Business cost 3,593,590,924.00 4,474,855,779.00
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 32,165,790.00 40,776,196.00
Sales expense 304,397.00 458,135.00
Administrative expense 147,067,842.00 155,667,663.00
Financial expenses 347,875,374.00 415,568,790.00
Asset impairment loss
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 16,325,321.00 300,897,296.00
Incl: investment gains from affiliates
Gains from currency exchange（“-”for loss）
III. Operational profit（“-”for loss 301,259,702.00 1,281,602,441.00
Add：Non-business income 4,265,515.00 14,795,617.00
Less：Non business expenses 1,327,233.00 407,451.00
Incl：Loss from disposal of non-current assets
IV.Total profit(“-”for loss) 304,197,984.00 1,295,990,607.00
Less：Income tax expenses 78,321,126.00 245,424,599.00
V. Net profit（“-”for net loss 225,876,858.00 1,050,566,008.00
Including: Net profit realized by the entity taken over before
18
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
the takeover
Net profit attributable to the owners of parent company 110,019,230.00 758,001,796.00
Minority shareholders’ equity 115,857,628.00 292,564,212.00
VI. Earnings per share：
（I）Basic earnings per share 0.021 0.144
(II)Diluted earnings per share 0.021 0.144
VII. Other comprehensive income -86,129,797.00 73,442,846.00
VIII. Total comprehensive income 139,747,061.00 1,124,008,854.00
Total comprehensive income attributable to the owner of the
23,889,433.00 831,444,642.00
parent company
Total comprehensive income attributable minority shareholders 115,857,628.00 292,564,212.00
4. Profit statement of the Parent Company Unit：RMB
Same period of the
Items Report period
previous year
I. Income from the key business 318,809,041.00 459,873,379.00
Incl：Business cost 264,269,337.00 344,872,267.00
Business tax and surcharge 2,516,242.00 4,259,681.00
Sales expense 9,300.00
Administrative expense 22,052,521.00 27,368,106.00
Financial expenses 55,361,550.00 84,020,004.00
Asset impairment loss
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 125,619,860.00 443,923,604.00
Incl: investment gains from affiliates
II. Operational profit（“-”for loss 100,219,951.00 443,276,925.00
Add：Non-business income 156,876.00 12,837.00
Less：Non business expenses
Incl：Loss from disposal of non-current assets
III.Total profit(“-”for loss) 100,376,827.00 443,289,762.00
Less：Income tax expenses -4,890,854.00 1,965,888.00
IV. Net profit（“-”for net loss） 105,267,681.00 441,323,874.00
V. Earnings per share：
（I）Basic earnings per share
19
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
(II)Diluted earnings per share
VI. Other comprehensive income -86,129,797.00 73,442,846.00
VII. Total comprehensive income 19,137,884.00 514,766,720.00
5. Consolidated Cash flow statement Unit ：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 5,674,442,022.00 7,245,394,694.00
Net increase of customer deposits and capital kept for brother
company
Net increase of loans from central bank
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 598,754.00
Other cash received from business operation 41,332,891.00 54,031,576.00
Sub-total of cash inflow 5,715,774,913.00 7,300,025,024.00
Cash paid for purchasing of merchandise and services 2,586,671,975.00 3,427,281,465.00
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 421,496,400.00 385,764,297.00
Taxes paid 580,585,560.00 715,627,949.00
Other cash paid for business activities 90,644,204.00 119,022,382.00
Sub-total of cash outflow from business activities 3,679,398,139.00 4,647,696,093.00
Cash flow generated by business operation, net 2,036,376,774.00 2,652,328,931.00
20
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
II.Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 4,000,000.00
Net cash retrieved from disposal of fixed assets, intangible
1,454,595.00 72,000.00
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
187,452,822.00
operational units
Net cash received from disposal of subsidiaries or other
52,028,777.00
operational units
Sub-total of cash inflow due to investment activities 5,454,595.00 239,553,599.00
Cash paid for construction of fixed assets, intangible assets and
896,503,587.00 1,111,644,626.00
other long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 896,503,587.00 1,111,644,626.00
Net cash flow generated by investment -891,048,992.00 -872,091,027.00
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from minor shareholders
Cash received as loans 1,543,634,099.00 5,492,600,000.00
Cash received from bond placing
Other financing –related ash received 21,216.00 4,990,000.00
Sub-total of cash inflow from financing activities 1,543,655,315.00 5,497,590,000.00
Cash to repay debts 2,080,799,113.00 5,950,980,347.00
Cash paid as dividend, profit, or interests 589,399,636.00 819,487,417.00
Incl: Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 42,421,305.00
Sub-total of cash outflow due to financing activities 2,670,198,749.00 6,812,889,069.00
Net cash flow generated by financing -1,126,543,434.00 -1,315,299,069.00
IV. Influence of exchange rate alternation on cash and cash
equivalents
V.Net increase of cash and cash equivalents 18,784,348.00 464,938,835.00
Add: balance of cash and cash equivalents at the beginning of 5,237,406,725.00 4,548,277,314.00
21
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
term
VI.Balance of cash and cash equivalents at the end of term 5,256,191,073.00 5,013,216,149.00
6. Cash flow statement of the Parent Company Unit：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 386,301,628.00 597,584,728.00
Tax returned 132,753.00
Other cash received from business operation 7,779,609.00 6,943,410.00
Sub-total of cash inflow 394,081,237.00 604,660,891.00
Cash paid for purchasing of merchandise and services 271,094,555.00 134,424,763.00
Cash paid to staffs or paid for staffs 87,990,980.00 78,084,538.00
Taxes paid 26,048,790.00 66,715,695.00
Other cash paid for business activities 8,590,444.00 12,503,020.00
Sub-total of cash outflow from business activities 393,724,769.00 291,728,016.00
Cash flow generated by business operation, net 356,468.00 312,932,875.00
II.Cash flow generated by investing
Cash received from investment retrieving 300,000,000.00 519,600,000.00
Cash received as investment gains 115,860,806.00 206,724,177.00
Net cash retrieved from disposal of fixed assets, intangible
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
187,452,822.00
operational units
Other cash receivable for investment activities
Sub-total of cash inflow due to investment activities 415,860,806.00 913,776,999.00
Cash paid for construction of fixed assets, intangible assets and
32,846,592.00 28,880,634.00
other long-term assets
Cash paid as investment 620,400,000.00 450,000,000.00
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 653,246,592.00 478,880,634.00
Net cash flow generated by investment -237,385,786.00 434,896,365.00
III.Cash flow generated by financing
Cash received as loans
22
Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2016
Cash received from bond placing 700,000,000.00 2,100,000,000.00
Other financing –related ash received
Sub-total of cash inflow from financing activities 21,217.00
Cash to repay debts 700,021,217.00 2,100,000,000.00
Cash paid as dividend, profit, or interests 600,000,000.00 2,649,999,300.00
Other cash paid for financing activities 82,114,962.00 203,655,357.00
Sub-total of cash outflow due to financing activities 214,747.00
Net cash flow generated by financing 682,114,962.00 2,853,869,404.00
IV. Influence of exchange rate alternation on cash and cash
17,906,255.00 -753,869,404.00
equivalents
V.Net increase of cash and cash equivalents
Add: balance of cash and cash equivalents at the beginning of
-219,123,063.00 -6,040,164.00
term
VI.Balance of cash and cash equivalents at the end of term 682,950,639.00 468,233,799.00
463,827,576.00 462,193,635.00
二、 Auditor's report
If the interim report is audited
□ Yes√ No
23
首页
微信公众号
证券之星APP
