广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Guangdong Provincial Expressway Development Co.，Ltd.
The First Quarterly Report 2013
April 2013
1
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
Mr.Li Xiyuan, The Company leader, Mr. Xiao Laijiu, Chief financial officer and the Mr..Liu Xiaomei, 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 this Quarterly Report .
All the directors attended the board meeting for reviewing the Quarterly Report.
2
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
II. Main financial data and changes of shareholders
（1）Main financial data
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not.
□ Yes √ No
January-March 2013 January-March 2012 Increase /decrease（％）
Operating income（RMB） 309,689,847.08 268,377,836.84 15.39%
Net profit attributable to the shareholders
22,318,156.43 59,659,108.43 -62.59%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 21,742,387.41 59,367,995.36 -63.38%
listed company（RMB）
Cash flow generated by business operation,
140,167,066.60 163,716,399.47 -14.38%
net（RMB）
Basic earning per share(RMB/Share) 0.02 0.05 -60%
Diluted gains per
0.02 0.05 -60%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
0.52% 1.44% -0.92%
（%）
March 31, 2013 December 31, 2012 Increase /decrease（％）
Gross assets（RMB） 13,614,632,219.68 13,154,565,539.37 3.5%
Net profit attributable to the shareholders
4,331,978,120.30 4,268,859,963.87 1.48%
of the listed company（RMB）
Items of non-current gains and losses
√ applicable □ not applicable
Unit：RMB
Amount (Year-beginning to
Non-recurring gain and loss items Notes（If applicable）
the end of the report period.)
Other non-operating income and expense other than
767,831.31
above-mentioned
Amount of influence of income tax 192,062.29
Total 575,769.02 --
3
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
(2) Total number of shareholders at the end of report period and Particular about shares held by top ten
shareholders
Unit：Shares
Total number of shareholders at the
91,381
end of report period
Particular about shares held by top ten shareholders
Amount of Pledging or freezing
Properties of Share proportion tradable shares
Shareholder name Quantity Status of the
shareholder % with Conditional Quantity
shares
held
Guangdong
State-owned legal
Communication 56.51% 513,328,290 409,948,548 Freeze 103,379,742
person
Group Co., Ltd.
China Securities
Co., Ltd. credit
Domestic non
transaction
State-owned 3.48% 31,568,466
guarantee
Legal person
securities
accounts
Guangdong
State-owned legal
Expressway Co., 2.16% 19,582,228 19,582,228
person
Ltd
China Merchants
Securities Co.,
Ltd credit Domestic non
transaction State-owned 1.62% 14,742,904
guarantee Legal person
securities
accounts
Overseas legal
Xinyue Co., Ltd. 3.79% 13,201,086
person
Guangdong
Yuecai Trust State-owned legal
1.34% 12,174,345
Investment Co., person
Ltd.
Haerbin Daoli Domestic non
District, Treasury State-owned 0.65% 5,898,656
Services Dept. Legal person
Shanxi Huiteng Domestic non
0.41% 3,716,200
International State-owned
4
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Freight Legal person
Forwarding Co.,
Ltd.
Domestic Natural
Hu Maohua 0.84% 2,939,600
person
Domestic Natural
Lu Weiqiang 0.83% 2,888,848
person
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period (Note 4) Share type Quantity
Guangdong Communication Group RMB Common
103,379,742 103,379,742
Co., Ltd. shares
China Securities Co., Ltd. credit
RMB Common
transaction guarantee securities 31,568,466 31,568,466
shares
accounts
China Merchants Securities Co.,
RMB Common
Ltd credit transaction guarantee 14,742,904 14,742,904
shares
securities accounts
Foreign shares
placed in
Xinyue Co., Ltd. 13,201,086 13,201,086
domestic
exchange
Guangdong Yuecai Trust RMB Common
12,174,345 12,174,345
Investment Co., Ltd. shares
Haerbin Daoli District, Treasury RMB Common
5,898,656 5,898,656
Services Dept. shares
Shanxi Huiteng International Freight RMB Common
3,716,200 3,716,200
Forwarding Co., Ltd. shares
Foreign shares
placed in
Hu Maohua 2,939,600 2,939,600
domestic
exchange
Foreign shares
placed in
Lu Weiqiang 2,888,848 2,888,848
domestic
exchange
Foreign shares
placed in
Chen Shukai 2,823,000 2,823,000
domestic
exchange
5
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Guangdong Communication Group Co., Ltd. is the parent company of Guangdong
Explanation on associated Expressway Co., Ltd. and Xinyue Co., Ltd.. It is unknown whether there is relationship
relationship among the aforesaid between other shareholders and whether they are persons taking concerted action specified in
shareholders the Regulations on Disclosure of Information about Change in Shareholding of Shareholders
of Listed Companies.
6
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
（I）Items of balance sheet as compared with the beginning of this year.
Monetary capital increased by RMB 515 million and 64.51% over the beginning of the year mainly due to net
cash inflow of RMB 140 million from operating activities, net cash outflow of RMB 145 million from investing
activities and net cash inflow of RMB 520 million from financing activities.
Accounts receivable increased by RMB 41.80 million and 189.49% over the beginning of the year mainly due to
increase of toll income receivable from United Electronic Toll Center by Guangfo Expressway Co., Ltd. and
Guangdong Fokai Expressway Co., Ltd.
Prepayments decreased by RMB 24.71 million and 52.39% over the beginning of the year mainly due to the
decrease of prepayment for projects with the acceptance and start of use of the expansion project of
Xiebian-Sanbao Section of Fokai Expessway.
Dividends receivable decreased by RMB 28 million and 52.47% over the beginning of the year because the
parent company received cash dividends of RMB 28 million from Jingzhu Expressway Guangzhu Section Co.,
Ltd., a joint stock subsidiary, in current period.
Accounts payable decreased by RMB 232 million and 31.49% over the beginning of the year mainly due to
quickening of payment for projects and the decrease of balance of accounts payable for projects with the
acceptance and start of use of the expansion project of Xiebian-Sanbao Section of Fokai Expessway.
Interest payable increased by RMB 28.78 million and 82.15% over the beginning of the year mainly due to
provision for medium term note interest of RMB 16.97 million for the first quarter and corporate bond interest
of RMB 10.20 million by the parent company in current period.
Non-current liabilities to become due within one year decreased by RMB 374 million and 28.42% over the
beginning of the year because Guangdong Fokai Expressway Co., Ltd. repaid due long-term loan of RMB 374
million in current period.
Long-term loan increased by RMB 902 million and 26.79% over the beginning of the year because the parent
company borrowed additional insurance funds of RMB 750 million and Guangdong Fokai Expressway Co., Ltd.
borrowed additional long-term loan of RMB 152 million.
(II) Items of profit statement as compared with the same period of the previous year
Operating income increased by RMB 41.31 million and 15.39% year on year mainly due to the increase of
toll income caused by the rise in the charging standard of toll and natural increase of vehicle traffic volume after
the completion of the expansion project of Xiebian-Sanbao Section of Fokai Expessway.
Operating cost increased by RMB 60.30 million and 44.82% year on year mainly because fixed assets
increased by big margin after the construction in progress of the expansion project of Xiebian-Sanbao Section of
Fokai Expessway were transferred into fixed assets after its completion and provision for depreciation of fixed
assets were made on basis of vehicle traffic volume.
Financial expenses increased by RMB 27.41 million and 34.41% year on year mainly due to the following
reasons: (1) The capitalization of the interests of relevant loans stopped in current period after the completion of
the expansion project of Xiebian-Sanbao Section of Fokai Expessway at the end of 2012 and all such interests
were accounted for as financial expenses; (2) The principal of debts incurring interest payment increased.
Investment income decreased by RMB 5.99 million and 7.39% year on year mainly due to the comprehensive
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广东省高速公路发展股份有限公司 2013 年第一季度报告全文
influence concerning the following joint stock subsidiaries:
(1) Due to special rectification of toll highways and the policy of no toll for small passenger cars with 7 seats
or fewer on holidays, the net profit of Jingzhu Expressway Guangzhu Section Co., Ltd. for the current period
decreased by RMB 47.32 million. The income from investment in this company decreased by RMB 9.46 million;
(2) Shenzhen Huiyan Expressway Co., Ltd. was affected by the special rectification of toll highways and the
policy of no toll for small passenger cars with 7 seats or fewer on holidays for the current period decreased by
RMB 9.07 million. The income from investment in this company decreased by RMB3.02 million;
(3) The income of Ganzhou Kangda Expressway Co., Ltd. increased apparently due to improvement of road
network and the start of use of Shaogan Expressway for the current period increased by RMB 12.34 million. The
income from investment in this company decreased by RMB 3.70 million;
(4) Ganzhou Gankang Expressway Co., Ltd. turned losses into profits in current period due to increase of
vehicle traffic volume and change of method of depreciation of fixed assets for the current period decreased by
RMB 9.50 million. The income from investment in this company decreased by RMB 2.85 million;
Income tax expenses decreased by RMB 10.31 million and 65.42% year on year mainly due to decrease of
total profit.
The net profit for the owners of the parent company decreased by RMB 37.34 million and 62.59% year on
year due to the combined influence of the above factors.
(III) Notes of main items of cash flow statement
Cash received from sales of goods and rendering of services increased by RMB 23.35 million and 9.67% year
on year mainly due to the increase of toll income. This item mainly calculates the toll income received by
Guangfo Expressway Co., Ltd. and Guangdong Fokai Expressway Co., Ltd.
Cash paid for goods and services increased by RMB 15.45 million and 64.44% year on year mainly because
the payment for projects made by Guangdong Fokai Expressway Co., Ltd. and Guangfo Expressway Co., Ltd.
increased by RMB 16.59 million year on year. This item mainly calculates the payment for special works,
maintenance costs and networking paid service fees.
Other cash payment related to operating activities increased by RMB 38.76 million and 371.40% year on year
mainly due to the year-on-year increase of project performance bond and bid bond repaid in current period caused
by the completion and start of use of the expansion project of Xiebian-Sanbao Section of Fokai Expessway at the
end of the previous year. This item mainly calculates cash outflows of current accounts, the expenses of engaging
intermediaries, office expenditure, rental charges and listing fee.
Cash received from returns on investment decreased by RMB 37.05 million and 54.59% year on year due to
decrease of cash dividends received from joint stock subsidiaries in current period. This item mainly calculates the
cash dividends received by the Company from equity investment. In current period, the Comapny received cash
dividends of RMB 28 million from Jingzhu Expressway Guangzhu Section Co., Ltd. and cash dividends of RMB
2.85 million from Zhaoqing Yuezhao Highway Co., Ltd.
Cash paid for construction of fixed assets, intangible assets and other long-term assets decreased by RMB
39.32 million and 18.27% year on year mainly due to the following reasons:
(1) After the expansion project of Xiebian-Sanbao Section of Fokai Expessway was completed and open to
traffic at the end of the previous year, the payment for projects decreased by RMB 24.72 million in current period;
(2) The payment related to Yaoyao-Xiebian expansion project made by Guangfo Expressway Co., Ltd. in
the first quarter of 2013 decreased by RMB 19.77 million year on year.
Cash received from absorption of investment decreased by RMB 64.82 million and 95.41% due to decrease
of other shareholders' investment received by Guangdong Fokai Expressway Co., Ltd. in current period with the
acceptance and start of use of the expansion project of Xiebian-Sanbao Section of Fokai Expessway.
8
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
The cash received from obtaining loans Increased by RMB 314 million and 33.41% year on year ,The cash
received from obtaining loans in current period was RMB 1252 million (1)Including insurance fund of RMB 750
million received by the parent company in current period. (2) Guangdong Fokai Expressway Co., Ltd. borrowed RMB 352
million from banks in current period(not including internal entrusted loan).(3) Guangdong Guangfo Expressway Co., Ltd.
borrowed RMB 150 million from banks in current period
Cash paid for debt repayment increased by RMB 220 million and 50.77% year on year due to increase of principal of due loans.
The cash paid in current period for repayment of debt was RMB 654 million. It mainly includes: (1) Guangdong Fokai
Expressway Co., Ltd. repaid bank loans of RMB 575 million in current period.(2) Guangdong Guangfo Expressway Co., Ltd. repaid
bank loans of RMB 80 million in current period.
II. The progress of significant events and influence, as well as the analysis and explanation on
resolving proposal.
The Company received the Notice of Guangdong Transportation and Communication Department and
Guangdong Price Bureau Regarding Printing and Issuing the Intercommunication Implementation Plan on Annual
Ticket for Vehicle Toll in Pearl River Delta Region (Yue Jiao Ming Dian (2012) No. 130 Document) on December
29, 2012. According to the requirements of this notice, Jiujiang Bridge toll station of No. 325 National Highway
under the management of Jiujiang Bridge of Guangdong Fokai Expressway Co., Ltd., a controlled subsidiary of
the Company, will exempt vehicle toll for the vehicles whose owners have bought annual tickets in nine cities of
Pearl River Delta area from 24:00 of December 31, 2012.
At present, the Company is still negotiating with governmental departments including Transportation and
Communication Department of Guangdong Province in respect of project interest compensation or scheme of
asset disposal after the implementation of the said notice. As the influence of this matter on the Company is quite
uncertain and it is unable to appraise its influence on the operating status and financial position of the Company,
the Company will timely disclose the progress of this matter according to relevant provisions of Listing Rules of
Shenzhen Stock Exchange and investors are advised to pay attention to it.
Description of the website for disclosing
Description of provisional announcement Date of disclosing
provisional announcements
The announcement of Important Matters January 4, 2013 www.cninfo.com.cn
III commitments of the Company and its shareholders holding over 5% of the Company’s total shares in the
report year of extending to the report year from previous year.
Commitment Time of making Period of
Commitment Contents Fulfillment
maker commitment commitment
Commitment on share reform
Commitment in the acquisition report or
the report on equity changes
Commitment made upon the assets
replacement
Commitments made upon issuance
Other commitments made to minority The Company The March 22,2013 (From March Under
9
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
shareholders Company will 22, 2013). Fulfillment
not plan any
significant
asset
reorganization
, acquisition,
issue of
shares
concerning
itself or other
matters
having
significant
influence on
itself in the
next three
months
The Company
will not plan
any
significant
asset
reorganization
, acquisition,
Controlling issue of
shareholder and shares (from March Under
March 22,2013
The actual concerning 22, 2013). Fulfillment
controller itself or other
matters
having
significant
influence on
itself in the
next three
months
Executed timely or not? Yes
Make commitments on causing the
problems of horizontal competition and No
related-party transactions or not?
10
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
IV of Business performance for January- June 2013.
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.
□Applicable √ Not applicable
V. Securities investment
Number
Shareho Shareho
of Number
lding lding Book
shares of
proporti proporti balance Gain.
Initial held at shares
on at the on at the at the loss of
Short investm the held at Account Sauce
Security Security beginnin end of end of the
form of ent beginnin the end ing of the
category code g of the the the reportin
security cost(RM g of the of the items shares
reportin reportin reportin g period
B) reportin reportin
g g g period (RMB)
g g period
period( period( (RMB)
period(s (shares)
%) %)
hares)
Total 0.00 0 -- 0 -- 0.00 0.00 -- --
Notes to holding of the equity in other listed companies
VI. Derivative Investment
Derivative investment held at period-end
□Applicable √ Not applicable
Notes
VII. The registration form of acceptance of investigation, communication and interview in the report period for
future reference
Content of discussion and
Date Place Mode Type Visitor
materials provided
11
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
Unit：RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 1,313,555,335.00 798,485,320.49
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable
Account receivable 63,853,429.39 22,057,103.81
Prepayments 22,454,164.50 47,164,329.75
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable
Dividend receivable 25,360,130.21 53,360,130.21
Other account receivable 36,741,873.17 37,105,814.51
Repurchasing of financial assets
Inventories
Non-current asset due in 1 year
Other current asset
Total of current assets 1,461,964,932.27 958,172,698.77
Non-current assets：
Loans and payment on other’s
behalf disbursed
Disposable financial asset 772,800,000.00 732,000,000.00
12
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Expired investment in possess
Long-term receivable
Long term share equity
3,086,712,416.86 3,014,615,188.63
investment
Property investment 4,960,771.33 5,076,824.68
Fixed assets 8,065,018,079.36 8,219,979,715.32
Construction in progress 172,654,407.09 171,604,290.22
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 43,267,974.64 45,467,841.10
R & D petrol
Goodwill
Long-germ expenses to be
7,253,638.13 7,648,980.65
amortized
Differed income tax asset
Other non-current asset
Total of non-current assets 12,152,667,287.41 12,196,392,840.60
Total of assets 13,614,632,219.68 13,154,565,539.37
Current liabilities
Short-term loans 400,000,000.00 330,000,000.00
Loan from Central Bank
Deposit received and hold for
others
Call loan received
Trade off financial liabilities
Bill payable
Account payable 505,382,198.06 737,647,764.93
Advance payment 4,583,334.57 4,666,667.88
Selling of repurchased financial
assets
Fees and commissions receivable
Employees’ wage payable 2,986,284.24 2,342,361.32
Tax payable 45,748,771.86 40,999,608.03
13
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Interest payable 63,807,787.78 35,031,191.54
Dividend payable 29,348,447.28 29,357,933.36
Other account payable 254,708,898.04 265,356,659.21
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 942,777,403.54 1,317,036,103.54
Other current liability
Total of current liability 2,249,343,125.37 2,762,438,289.81
Non-current liabilities：
Long-term loan 4,267,997,400.00 3,366,083,700.00
Bond payable 1,793,805,224.40 1,793,186,155.19
Long-term payable 2,022,210.11 2,022,210.11
Special payable
Expected liabilities
Differed income tax liability 118,096,181.32 118,372,808.04
Other non-current liabilities
Total of non-current liabilities 6,181,921,015.83 5,279,664,873.34
Total of liability 8,431,264,141.20 8,042,103,163.15
Owners’ equity
Share capital 1,257,117,748.00 1,257,117,748.00
Capital reserves 1,779,558,715.57 1,738,758,715.57
Less：Shares in stock
Special reserves
Surplus reserves 204,691,882.55 204,691,882.55
Common risk provision
Undistributed profit 1,090,609,774.18 1,068,291,617.75
Different of foreign currency
translation
Total of owner’s equity belong to
4,331,978,120.30 4,268,859,963.87
the parent company
Minority shareholders’ equity 851,389,958.18 843,602,412.35
14
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Total of owners’ equity 5,183,368,078.48 5,112,462,376.22
Total of liabilities and owners’
13,614,632,219.68 13,154,565,539.37
equity
Legal representative ：Li Xiyuan
Person-in-charge of the accounting work：Xiao Laijiu
Person-in -charge of the accounting organ：Liu Xiaomei
2. Balance sheet of Parent Company
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
Unit：RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 1,022,941,206.88 625,270,216.39
Trading financial assets
Bill receivable
Account receivable
Prepayments 500,000.00 1,250,000.00
Interest receivable 403,822.23 28,266.67
Dividend receivable 74,275,706.55 102,275,706.55
Other account receivable 6,390,279.48 4,944,777.18
Inventories
Non-current asset due in 1 year
Other current asset 200,000,000.00
Total of current assets 1,304,511,015.14 733,768,966.79
Non-current assets：
Disposable financial asset 772,800,000.00 732,000,000.00
Expired investment in possess
Long-term receivable
Long term share equity
5,444,121,486.38 5,331,873,758.15
investment
Property investment 4,708,633.08 4,824,686.43
15
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Fixed assets 8,158,352.88 7,623,424.59
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets
R & D petrol
Goodwill
Long-germ expenses to be
7,097,287.96 7,477,499.83
amortized
Differed income tax asset
Other non-current asset 20,000,000.00 20,000,000.00
Total of non-current assets 6,256,885,760.30 6,103,799,369.00
Total of assets 7,561,396,775.44 6,837,568,335.79
Current liabilities
Short-term loans
Trade off financial liabilities
Bill payable
Account payable
Advance payment
Employees’ wage payable 511,912.37 204,400.17
Tax payable 1,033,530.64 1,211,396.44
Interest payable 55,864,861.05 27,734,652.73
Dividend payable 13,043,255.16 13,052,741.24
Other account payable 3,609,353.51 4,456,147.15
Non-current liability due in 1 year
Other current liability 52,589,877.24 158,166,691.43
Total of current liability 126,652,789.97 204,826,029.16
Non-current liabilities：
Long-term loan 1,500,000,000.00 750,000,000.00
Bond payable 1,793,805,224.40 1,793,186,155.19
Long-term payable 2,022,210.11 2,022,210.11
Special payable
16
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Expected liabilities
Differed income tax liability
Other non-current liabilities
Total of Non-current liabilities 3,295,827,434.51 2,545,208,365.30
Total of liability 3,422,480,224.48 2,750,034,394.46
Owners’ equity
Share capital 1,257,117,748.00 1,257,117,748.00
Capital reserves 1,779,706,856.32 1,738,906,856.32
Less：Shares in stock
Special reserves
Surplus reserves 204,691,882.55 204,691,882.55
Provision of general risk
Undistributed profit 897,400,064.09 886,817,454.46
Different of foreign currency
translation
Total of owners’ equity 4,138,916,550.96 4,087,533,941.33
Total of liabilities and owners’
7,561,396,775.44 6,837,568,335.79
equity
Legal representative ：Li Xiyuan
Person-in-charge of the accounting work：Xiao Laijiu
Person-in -charge of the accounting organ：Liu Xiaomei
3.Consolidated Profit Statement
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
Unit：RMB
Items Amount in this period Amount in last period
I. Income from the key business 309,689,847.08 268,377,836.84
Incl：Business income 309,689,847.08 268,377,836.84
Interest income
17
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Insurance fee earned
Fee and commission received
II. Total business cost 353,321,695.04 262,109,520.50
Incl：Business cost 194,848,874.29 134,547,987.47
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 10,876,584.41 9,810,430.31
Sales expense
Administrative expense 40,507,972.07 38,075,321.73
Financial expenses 107,088,264.27 79,675,780.99
Asset impairment loss
Add ： Gains from change of fir
value （“-”for loss）
Investment gain（“-”for loss） 75,046,562.68 81,036,411.20
Incl: investment gains from
75,046,562.68 81,036,411.20
affiliates
Gains from currency exchange
（“-”for loss）
III. Operational profit（“-”for loss 31,414,714.72 87,304,727.54
Add：Non-business income 1,032,236.14 519,966.33
Less：Non business expenses 8,321.77 2,432.00
Incl ： Loss from disposal of
non-current assets
18
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
IV.Total profit(“-”for loss) 32,438,629.09 87,822,261.87
Less：Income tax expenses 5,452,526.83 15,767,170.85
V. Net profit（“-”for net loss） 26,986,102.26 72,055,091.02
Including: Net profit realized by
the entity taken over before the
takover
Net profit attributable to the
22,318,156.43 59,659,108.43
owners of parent company
Minority shareholders’ equity 4,667,945.83 12,395,982.59
VI. Earnings per share： -- --
（I）Basic earnings per share 0.02 0.05
(II)Diluted earnings per share 0.02 0.05
VII. Other comprehensive income 40,800,000.00 -7,200,000.00
VIII. Total comprehensive income 67,786,102.26 64,855,091.02
Total comprehensive income
attributable to the owner of the 63,118,156.43 52,459,108.43
parent company
Total comprehensive income
4,667,945.83 12,395,982.59
attributable minority shareholders
Legal representative ：Li Xiyuan
Person-in-charge of the accounting work：Xiao Laijiu
Person-in -charge of the accounting organ：Liu Xiaomei
4. Profit statement of the Parent Company
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
Unit：RMB
Items Amount in this period Amount in last period
I. Income from the key business 1,800,295.99 2,643,608.33
19
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Less：Business cost 116,053.35 116,053.35
Business tax and surcharge 37,318.65 150,391.22
Sales expense
Administrative expense 23,371,368.80 19,881,476.80
Financial expenses 42,739,210.38 38,824,872.14
Asset impairment loss
Add：Gains from change of for
value （“-”for loss）
Investment gain（“-”for loss） 75,046,562.68 105,404,591.53
Incl: investment gains from
75,046,562.68 81,036,411.20
affiliates
II. Operational profit（“-”for loss） 10,582,907.49 49,075,406.35
Add：Non-business income
Less：Non- business expenses 297.86
Incl：Loss from disposal of
non-current assets
III.Total profit(“-”for loss) 10,582,609.63 49,075,406.35
Less：Income tax expenses
IV. Net profit（“-”for net loss） 10,582,609.63 49,075,406.35
V. Earnings per share： -- --
（I）Basic earnings per share 0.01 0.04
(II)Diluted earnings per share 0.01 0.04
VI. Other comprehensive income 40,800,000.00 -7,200,000.00
VII. Total comprehensive income 51,382,609.63 41,875,406.35
Legal representative ：Li Xiyuan
20
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Person-in-charge of the accounting work：Xiao Laijiu
Person-in -charge of the accounting organ：Liu Xiaomei
5. Consolidated Cash flow statement
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
Unit：RMB
Items Amount in this period Amount in last period
I.Cash flows from operating
activities
Cash received from sales of goods
264,898,291.00 241,545,905.78
or rending of services
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
Other cash received from business
28,395,583.75 19,725,884.39
operation
21
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Sub-total of cash inflow 293,293,874.75 261,271,790.17
Cash paid for purchasing of
39,431,044.77 23,979,687.23
merchandise and services
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
53,319,249.00 50,633,847.85
staffs
Taxes paid 11,174,517.99 12,504,484.47
Other cash paid for business
49,201,996.39 10,437,371.15
activities
Sub-total of cash outflow from
153,126,808.15 97,555,390.70
business activities
Cash flow generated by business
140,167,066.60 163,716,399.47
operation, net
II.Cash flow generated by
investing
Cash received from investment
retrieving
Cash received as investment gains 30,949,334.45 68,000,000.00
Net cash retrieved from disposal
of fixed assets, intangible assets,
and other long-term assets
Net cash received from disposal
of subsidiaries or other
operational units
Net cash received from disposal
of subsidiaries or other
operational units
Sub-total of cash inflow due to
30,949,334.45 68,000,000.00
investment activities
Cash paid for construction of
175,927,848.39 215,249,849.41
fixed assets, intangible assets and
22
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
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
175,927,848.39 215,249,849.41
investment activities
Net cash flow generated by
-144,978,513.94 -147,249,849.41
investment
III.Cash flow generated by
financing
Cash received as investment 3,119,600.00 67,935,000.00
Incl: Cash received as investment
from minor shareholders
Cash received as loans 1,252,300,000.00 938,690,000.00
Cash received from bond placing
Other financing –related ash
received
Sub-total of cash inflow from
1,255,419,600.00 1,006,625,000.00
financing activities
Cash to repay debts 654,645,000.00 434,190,000.00
Cash paid as dividend, profit, or
77,892,863.20 77,769,008.56
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing
3,000,000.00 5,470,000.00
activities
Sub-total of cash outflow due to
735,537,863.20 517,429,008.56
financing activities
Net cash flow generated by
519,881,736.80 489,195,991.44
financing
IV. Influence of exchange rate
alternation on cash and cash -274.95 -33.87
equivalents
23
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
V.Net increase of cash and cash
515,070,014.51 505,662,507.63
equivalents
Add: balance of cash and cash
equivalents at the beginning of 798,485,320.49 1,018,999,531.05
term
VI.Balance of cash and cash
1,313,555,335.00 1,524,662,038.68
equivalents at the end of term
Legal representative ：Li Xiyuan
Person-in-charge of the accounting work：Xiao Laijiu
Person-in -charge of the accounting organ：Liu Xiaomei
6. Cash flow statement of the Parent Company
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
Unit：RMB
Items Amount in this period Amount in last period
I.Cash flows from operating
activities
Cash received from sales of goods
1,128,279.32
or rending of services
Tax returned
Other cash received from business
1,616,318.17 88,872,435.18
operation
Sub-total of cash inflow 2,744,597.49 88,872,435.18
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for
15,734,815.65 18,409,487.58
staffs
Taxes paid 366,034.72 144,993.02
Other cash paid for business
113,836,772.37 76,157,816.07
activities
Sub-total of cash outflow from
129,937,622.74 94,712,296.67
business activities
Cash flow generated by business -127,193,025.25 -5,839,861.49
24
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
operation, net
II.Cash flow generated by
investing
Cash received from investment
retrieving
Cash received as investment gains 30,949,334.45 68,000,000.00
Net cash retrieved from disposal
of fixed assets, intangible assets,
and other long-term assets
Net cash received from disposal
of subsidiaries or other
operational units
Other cash receivable for
295,111.11 2,623,283.33
investment activities
Sub-total of cash inflow due to
31,244,445.56 70,623,283.33
investment activities
Cash paid for construction of
fixed assets, intangible assets and 940,516.00 370,950.00
other long-term assets
Cash paid as investment 40,150,500.00 150,000,000.00
Net cash received from
subsidiaries and other operational
units
Other cash paid for investment
200,000,000.00 10,000,000.00
activities
Sub-total of cash outflow due to
241,091,016.00 160,370,950.00
investment activities
Net cash flow generated by
-209,846,570.44 -89,747,666.67
investment
III.Cash flow generated by
financing
Cash received from absorbing
investment
Cash received as loans 750,000,000.00 265,990,000.00
Cash received from bond placing
Other financing –related ash
received
Sub-total of cash inflow from
750,000,000.00 265,990,000.00
financing activities
25
广东省高速公路发展股份有限公司 2013 年第一季度报告全文
Cash to repay debts 215,990,000.00
Cash paid as dividend, profit, or
12,289,138.87 10,724,170.42
interests
Other cash paid for financing
3,000,000.00 5,470,000.00
activities
Sub-total of cash outflow due to
15,289,138.87 232,184,170.42
financing activities
Net cash flow generated by
734,710,861.13 33,805,829.58
financing
IV. Influence of exchange rate
alternation on cash and cash -274.95 -33.87
equivalents
V.Net increase of cash and cash
397,670,990.49 -61,781,732.45
equivalents
Add: balance of cash and cash
equivalents at the beginning of 625,270,216.39 701,899,352.28
term
VI.Balance of cash and cash
1,022,941,206.88 640,117,619.83
equivalents at the end of term
Legal representative ：Li Xiyuan
Person-in-charge of the accounting work：Xiao Laijiu
Person-in -charge of the accounting organ：Liu Xiaomei
II. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
26
