Guangdong Provincial Expressway Development Co.，Ltd.
The First Quarterly Report 2015
April 2015
1
I.Important Notice
The Board of Directors and the Supervisory Committee of the Company and its directors,
supervisors and senior executives should guarantee the reality, accuracy and commpletion of the
quarterly report, there are no any fictitious statements, misleading statements or important
omissions carried in this report , and shall take legal responsibilities, individual and /or joint.
All of the directors presented the board meeting at which this Quarterly report was examined.
Mr.Zhu Zhanliang, The Company leader, Mr Xiao Laijiu, General Manager, Mr. Yun Wujun, 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 .
2
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
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（RMB） 357,469,802.88 323,221,984.23 10.60%
Net profit attributable to the shareholders
89,949,365.89 94,292,392.18 -4.61%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 87,373,228.21 94,003,642.96 -7.05%
listed company（RMB）
Cash flow generated by business operation,
240,860,278.48 221,359,511.96 8.81%
net（RMB）
Basic earning per share(RMB/Share) 0.07 0.08 -12.50%
Diluted gains per
0.07 0.08 -12.50%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
1.78% 2.20% -0.42%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 12,388,847,009.14 12,513,505,946.42 -1.00%
Net assets attributable to the shareholders
5,070,837,600.38 5,016,176,476.09 1.09%
of the listed company（RMB）
Items and amount of non-current gains and losses
√ Applicable □ not applicable
In RMB
Amount from year-begin to
Items Notes
period-end
Other non-operating income and expenditure except for the
3,437,416.05
aforementioned items
Less：Amount of influence of income tax 861,278.37
3
Total 2,576,137.68 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines 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 recorgnized as recurring gain /loss/itesm as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
4
(II) Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10 common shareholders
In shares
Total number of common
85,814
shareholders at the period-end
Shareholdings of top 10 common shareholders
Amount of Pledging or freezing
Shareholder Properties of Share tradable shares
Quantity Status of the
name shareholder proportion % with Conditional Quantity
shares
held
Guangdong
State-owned legal
Communication 40.84% 513,356,893 409,977,151 Freeze 103,379,742
person
Group Co., Ltd.
Guangdong
State-owned legal
Expressway Co., 1.56% 19,582,228 19,582,228
person
Ltd
Domestic non
Haerbin Hali
State-owned 1.21% 15,195,882
Industry Co., Ltd.
Legal person
Overseas legal
Xinyue Co., Ltd. 1.05% 13,201,086
person
Guangdong
Yuecai Trust State-owned legal
0.97% 12,174,345
Investment person
Co., Ltd.
Bank of China－
Huatai Bairui Domestic non
Positive Growth State-owned 0.94% 11,853,046
Mixed Securities Legal person
Investment Fund
Domestic Natural
Li Zhuo 0.68% 8,557,879
person
Domestic Natural
Liu Feng 0.27% 3,349,952
person
GUOTAI
JUNAN
Overseas legal
SECURITIES(H 0.25% 3,159,102
person
ONGKONG)
LIMITED
Hu Maohua Domestic Natural 0.25% 3,133,868
5
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 Share type Quantity
Guangdong Communication Group RMB Common
103,379,742 103,379,742
Co., Ltd. shares
RMB Common
Haerbin Hali Industry Co., Ltd. 15,195,882 15,195,882
shares
Foreign shares
placed in
Xinyue Co., Ltd. 13,201,086 13,201,086
domestic
exchange
Guangdong Yuecai Trust Investment RMB Common
12,174,345 12,174,345
Co., Ltd. shares
Bank of China－Huatai Bairui
RMB Common
Positive Growth Mixed Securities 11,853,046 11,853,046
shares
Investment Fund
RMB Common
Li Zhuo 8,557,879 8,557,879
shares
RMB Common
Liu Feng 3,349,952 3,349,952
shares
Foreign shares
GUOTAI JUNAN
placed in
SECURITIES(HONGKONG) 3,159,102 3,159,102
domestic
LIMITED
exchange
Foreign shares
placed in
Hu Maohua 3,133,868 3,133,868
domestic
exchange
Foreign shares
placed in
Lu Weiqiang 2,900,992 2,900,992
domestic
exchange
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.
Harbin Hali Industry Co., Ltd. holds 15,094,974 A shares of the Company through stock
account with credit transaction and guarantee and holds 100,908 A shares through ordinary
6
stock account. hold 15,195,822 shares of the Company's stock totally；Li Zhuo holds
8,557,879 A shares of the Company through stock account with credit transaction and
guarantee and holds 0 A shares through ordinary stock account, hold8,557,879 shares of the
Company's stock totally；Liu Feng holds 3,331,152 A shares of the Company through stock
account with credit transaction and guarantee and holds18,800 A shares through ordinary
stock account. hold 3,349,952 shares of the Company's stock totally.
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
7
III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as well as
reasons for the changes
√ Applicable □ Not applicable
（I）Subjects in balance sheet items changed a lot compared with the beginning of this year and the reasons
1.Accounts receivable increased by RMB 35.51 million and 150.31% 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.
2.Other account receivable decreased by RMB 9.16 million and 32.45% over the beginning of the year mainly due
to Fokai Expressway Co., Ltd. Company received Fokai Xiebian to Sanbao Expressway expansion project land
deposit.
3. Deferred income tax asset decreased by RMB 8.87 million and 100% over the beginning of the year, The
decrease is attributable Fokai Expressway Co., Ltd. Profit for the period, the balance of the total reversal of
deferred tax assets.
4. Tax payable Increased by RMB 11.72 million and 101.29% over the beginning of the year mainly due to the
increase in gross profit increase resulting in increased profit or corporate income tax payable.
5.Interest payable increased by RMB 17 million and 69.45% over the beginning of the year ,The increase is
mainly due to accrued interest on the parent issue medium-term notes 16.97 million.
(II)Subjects in Profit statement items changed a lot compared with the beginning of this year and the reasons
1.Investment income decreased by RMB35.73 million and 28.53% year on year. The reason is that by reducing
the combined effect of the following factors: (1) Confirm the previous period China Everbright Bank Co., Ltd.
Investment income RMB 40.46 million issue has not been confirmed; all sections of the company equity
investment income. (2) Confirmed an increase of RMB 3.36 million yuan. (3) Fokai Expressway Co. shares of
Asian Kitchen & Bath City Co., Ltd.. due to loss reduction, an increase of RMB 1.56 million of investment
income.
2.Non-operating income increased by RMB 4.28 million and 720.02% year on year, The increase is mainly due to
the Guangfo Expressway Co., Ltd. Company received from claims RMB 3.9 million.
3.Income tax expenses increased by RMB 8.39 million and 50.95% year on year, Increase is mainly due to
increased gross profit resulting in increased income tax expense.
(III) Subjects in cash flow statement items changed a lot compared with the beginning of this year and the reasons
1.Other cash receivable related to operating activities
The main accounting is to check the liquidation accounts of Guangfo Expressway Co., Ltd and Fokai Expressway
Co., Ltd which received the cash toll revenue to be split larger than the net inflow of the split and set-aside part,
and to check other aspects such as the cash inflow of the accounts current, rental income of investment property,
and the governmental subsidy which excludes the tax refunds, and other kinds of cash incomes, the incomes of the
period has been decreased by RMB 54.60 million compared with that of last year, with an decrease rate of 72.38%,
and the main reason is the “Integrated Network” system of Guangdong Province has just been in a initial
operation stage since March 2014, while the Toll Charge Split work of Guangfo Expressway Co., Ltd and Fokai
Expressway Co., Ltd has been impacted due to the system data's configuration, which made the split can’t be
confirmed in time. The basic factor to eliminate this issue.
2.Cash paid for goods and services
8
The main accounting is to check the expenses of payable dedicated project, maintenance and the service charge of
network toll collection, etc, which decreased by RMB 5.48 million in total, compared with the same period of last
year, with a decrease rate of 24.41%, Mainly due to reduce of issued payments for an Fokai Expressway Co., Ltd.
And Guangfo Expressway year on year.
3. Cash received from returns on investment
The main accounting is to check the cash dividends produced by equity investment. increased by RMB 73.17
million, with a increase rate of 423.41%, which is because of the increase in cash dividends allocated by joint
stock companies of the period.
4. Cash paid for construction of fixed assets, intangible assets and other long-term assets decreased by RMB 55.83
million and 45.12% year on year, Mainly due to reduction of Fokai Expressway Co.Ltd. to pay to reduce the
Fokai Expressway to open the highway expansion and overhaul for projects up.
5. Cash paid as investment Increased by RMB 9.82 million and 1,626.97% year on year, The increase is mainly
due to increase investment bonds reverse repurchase amount of product.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
√ Applicable□ Not applicable
Due to the controlling shareholder of Guangdong Communication Group Co., Ltd. is planning major issues
related with the company, the company's stock was suspension from April 8, 2015 . Argumentation and
negotiation by the parties, the matter of the company constitutes a major asset restructuring. The remaining
uncertainty due to the matter, in order to safeguard the interests of investors and avoid a significant impact on the
company's share price, according to the relevant provisions of the Shenzhen Stock Exchange, and the company's
application, the company stock since April 22, 2015 will start the suspension.
The company promised to fight the reorganization plan disclosure within no more than 30 calendar days of the
time, that the latest according to the "public offering of securities information disclosure content and format
guidelines on the 26th in May 22, 2015 - listed company's major assets restructuring "requires disclosure of
significant asset restructuring information.
Since the date of suspension will be in accordance with the relevant provisions, and actively carry out the
work, to fulfill the necessary approval and review procedures, supervise independent financial advisers, audit,
evaluation and other agencies engaged by the Company to accelerate the work submitted to the Exchange in
accordance with the deadline and commitments disclosure documents comply with the relevant provisions of
restructuring requirements.
Description of provisional Description of the website for
Date of disclosing
announcement disclosing provisional announcements
Major issues suspension announcem
April 8,2015 www.cninfo.com.cn
ent
Major issues continued
April 15,2015 www.cninfo.com.cn
suspension announcement
Announcement of Major asset
April 22, 2015 www.cninfo.com.cn
restructuting suspension
9
III．The 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.
□ Applicable √ Not applicable
N/A
IV．Prediction of Business performance for January- June 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.
□ Applicable √ Not applicable
V. Securities investment
√ Applicable □Not applicable
Number
Shareho
of Shareho
lding Number
shares lding Book
proporti of
held at proporti balance Gain.
Initial on at the shares
the on at the at the loss of
Short investm beginni held at Account
Security Security beginni end of end of the Sauce of
form of ent ng of the end ing
category code ng of the the reportin the shares
security cost(R the of the items
the reportin reportin g period
MB) reportin reportin
reportin g g period (RMB)
g g period
g period( (RMB)
period( (shares)
period(s %)
%)
hares)
Financial
China
517,560,8 235,254,9 235,254,9 assets Subscribe
Stock 601818 Everbrigh 0.50% 0.50% 0.00
76.80 44 44 available on 2009
t Bank
for sale
517,560,8 235,254,9 235,254,9
Total -- -- 0.00 -- --
76.80 44 44
Disclosure date for the notice of
July 22, 2009
approval by the Board (If any)
Disclosure date for the notice of
approval by shareholders’ August 7, 2008
Meeting (If any)
10
VI. Shareholdings in other listed companies
□ Applicable √ Not applicable
No such cases in the reporting period.
VII. Investments in derivatives
□ 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
The Period has no research, communication and written inquiry from the investors in the report period.
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 585,055,559.95 561,800,403.72
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable
Account receivable 59,128,695.43 23,621,958.13
Prepayments 1,383,970.77 963,349.67
Insurance receivable
11
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividend receivable
Other account receivable 19,081,441.90 28,245,949.17
Repurchasing of financial assets
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 51,008,190.00 40,632,376.52
Total of current assets 715,657,858.05 655,264,037.21
Non-current assets：
Loans and payment on other’s behalf
disbursed
Disposable financial asset 1,911,330,986.85 1,946,619,228.45
Expired investment in possess
Long-term receivable
Long term share equity investment 2,705,181,439.12 2,706,081,363.32
Property investment 4,032,344.53 4,148,397.88
Fixed assets 7,035,238,083.71 7,176,766,024.73
Construction in progress 5,530,163.99 2,974,467.60
Engineering material 1,549,556.00 1,549,556.00
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 4,577,022.76 5,051,049.34
R & D petrol
Goodwill
Long-germ expenses to be amortized 4,573,121.58 5,006,154.74
Differed income tax asset 8,869,234.60
Other non-current asset 1,176,432.55 1,176,432.55
Total of non-current assets 11,673,189,151.09 11,858,241,909.21
Total of assets 12,388,847,009.14 12,513,505,946.42
Current liabilities
12
Short-term loans 150,000,000.00 150,000,000.00
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
Derivative financial liabilities
Bill payable
Account payable 126,959,257.81 150,799,208.60
Advance payment 4,727,944.57 4,868,022.79
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 2,927,670.25 2,808,275.72
Tax payable 23,300,048.64 11,575,093.74
Interest payable 41,468,937.57 24,473,342.31
Dividend payable 11,132,344.29 11,148,088.30
Other account payable 316,281,789.12 369,325,097.99
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 250,480,000.00 400,480,000.00
Other current liability
Total of current liability 927,277,992.25 1,125,477,129.45
Non-current liabilities：
Long-term loan 4,393,840,000.00 4,393,840,000.00
Bond payable 997,000,000.00 997,000,000.00
Including：preferred stock
Sustainable debt
Long-term payable 2,022,210.11 2,022,210.11
Long-term payable employees’s
remuneration
Special payable
13
Expected liabilities
Deferred income
Deferred income tax liability 124,716,369.82 124,150,064.67
Other non-current liabilities
Total non-current liabilities 5,517,578,579.93 5,517,012,274.78
Total of liability 6,444,856,572.18 6,642,489,404.23
Owners’ equity
Share capital 1,257,117,748.00 1,257,117,748.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 1,534,771,223.07 1,534,771,223.07
Less：Shares in stock
Other comprehensive income 595,195,008.32 630,483,249.92
Special reserves
Surplus reserves 253,056,237.77 253,056,237.77
Common risk provision
Undistributed profit 1,430,697,383.22 1,340,748,017.33
Total of owner’s equity belong to the
5,070,837,600.38 5,016,176,476.09
parent company
Minority shareholders’ equity 873,152,836.58 854,840,066.10
Total of owners’ equity 5,943,990,436.96 5,871,016,542.19
Total of liabilities and owners’ equity 12,388,847,009.14 12,513,505,946.42
Legal Representative:Zhu Zhanliang
Person in charge of accounting：Yun Wujun
Accounting Dept Leader: Liu Xiaomei
2. Balance sheet of Parent Company
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 362,799,880.86 332,632,828.69
14
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable
Account receivable
Prepayments 500,000.00 1,250,000.00
Interest receivable 381,791.67 387,936.10
Dividend receivable
Other account receivable 2,523,312.81 2,536,246.24
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 181,008,190.00 170,603,625.00
Total of current assets 547,213,175.34 507,410,636.03
Non-current assets：
Disposable financial asset 1,911,330,986.85 1,946,619,228.45
Expired investment in possess
Long-term receivable
Long term share equity investment 5,108,446,591.69 5,108,422,809.68
Property investment 3,780,206.28 3,896,259.63
Fixed assets 4,977,494.42 5,463,902.97
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 945,846.70 1,007,811.70
R & D petrol
Goodwill
Long-germ expenses to be amortized 4,537,816.61 4,955,719.12
Deferred income tax asset
Other non-current asset 78,000,000.00 78,000,000.00
Total of non-current assets 7,112,018,942.55 7,148,365,731.55
Total of assets 7,659,232,117.89 7,655,776,367.58
15
Current liabilities
Short-term loans
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Bill payable
Account payable
Advance payment
Employees’ wage payable 845,368.49 955,391.47
Tax payable 630,114.20 1,640,343.15
Interest payable 34,877,360.97 17,902,360.98
Dividend payable 11,132,344.29 11,148,088.30
Other account payable 3,018,955.78 3,342,843.69
Liabilities held for sales
Non-current liability due in 1 year
Other current liability 242,320,996.15 249,803,653.80
Total of current liability 292,825,139.88 284,792,681.39
Non-current liabilities：
Long-term loan 1,500,000,000.00 1,500,000,000.00
Bond payable 997,000,000.00 997,000,000.00
Including：preferred stock
Sustainable debt
Long-term payable 2,022,210.11 2,022,210.11
Employees’ wage payable
Special payable
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total of Non-current liabilities 2,499,022,210.11 2,499,022,210.11
Total of liability 2,791,847,349.99 2,783,814,891.50
Owners’ equity
Share capital 1,257,117,748.00 1,257,117,748.00
Other equity instrument
16
Including：preferred stock
Sustainable debt
Capital reserves 1,534,919,363.82 1,534,919,363.82
Less：Shares in stock
Other comprehensive income 595,195,008.32 630,483,249.92
Special reserves
Surplus reserves 253,056,237.77 253,056,237.77
Undistributed profit 1,227,096,409.99 1,196,384,876.57
Total of owners’ equity 4,867,384,767.90 4,871,961,476.08
Total of liabilities and owners’ equity 7,659,232,117.89 7,655,776,367.58
3.Consolidated Profit Statement
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 357,469,802.88 323,221,984.23
Incl：Business income 357,469,802.88 323,221,984.23
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 318,457,896.36 327,153,713.12
Incl：Business cost 172,908,806.38 169,526,484.43
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 12,676,975.39 11,856,169.81
Sales expense
Administrative expense 37,040,337.40 38,620,773.53
Financial expenses 95,831,777.19 107,150,285.35
17
Asset impairment loss
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 89,529,756.25 125,264,123.94
Incl: investment gains from affiliates 89,100,075.80 84,171,146.52
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss） 128,541,662.77 121,332,395.05
Add ：Non-operational income 4,877,878.15 594,846.98
Including：Income from disposal of
non-current assets
Less：Non business expenses 292,090.94 86,178.41
Incl：Loss from disposal of non-current
assets
IV.Total profit(“-”for loss) 133,127,449.98 121,841,063.62
Less：Income tax expenses 24,865,313.61 16,472,530.44
V. Net profit 108,262,136.37 105,368,533.18
Net profit attributable to the owners of
89,949,365.89 94,292,392.18
parent company
Minority shareholders’ equity 18,312,770.48 11,076,141.00
VI. Other comprehensive income -35,288,241.60 -42,345,889.92
Net of profit of other comprehensive inco
me attributable to owners of the parent co -35,288,241.60 -42,345,889.92
mpany.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
（II）
Other comprehensive income that will b -35,288,241.60 -42,345,889.92
e reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
18
2.Gains and losses from changes in fair v
-35,288,241.60 -42,345,889.92
alue available for sale financial assets
3.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
4.The effective portion of cash flow hedg
es and losses
5.Translation differences in currency fina
ncial statements
6.Other
7.Net of profit of other comprehensive i
ncome attributable to Minority
shareholders’ equity
VII. Total comprehensive income 72,973,894.77 63,022,643.26
Total comprehensive income attributable
54,661,124.29 51,946,502.26
to the owner of the parent company
Total comprehensive income attributable
18,312,770.48 11,076,141.00
minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.07 0.08
(II)Diluted earnings per share 0.07 0.08
The current business combination under common control, the net profits of the combined party before achieved net profit of RMB 0,
last period the combined party realized RMB 0.
Legal Representative:Zhu Zhanliang
Person in charge of accounting：Yun Wujun
Accounting Dept Leader: Liu Xiaomei
4. Profit statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 5,028,239.96 11,722,900.37
Incl：Business cost 116,053.35 116,053.35
Business tax and surcharge 306,989.04 660,798.32
Sales expense
Administrative expense 20,606,795.44 21,299,974.10
19
Financial expenses 43,732,633.73 54,203,702.58
Asset impairment loss
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 90,453,462.46 127,752,606.38
Incl: investment gains from affiliates 90,023,782.01 86,659,628.96
II. Operational profit（“-”for loss） 30,719,230.86 63,194,978.40
Add ：Non-operational income 13,774.60
Including：Income from disposal of
non-current assets
Less：Non business expenses 7,697.44
Incl：Loss from disposal of non-current
assets
III.Total profit(“-”for loss) 30,711,533.42 63,208,753.00
Less：Income tax expenses
IV. Net profit（“-”for net loss） 30,711,533.42 63,208,753.00
V.Net of profit of other comprehensive i
-35,288,241.60 -42,345,889.92
ncome
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b -35,288,241.60 -42,345,889.92
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
-35,288,241.60 -42,345,889.92
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
20
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
VI. Total comprehensive income -4,576,708.18 20,862,863.08
VII. Earnings per share：
（I）Basic earnings per share 0.02 0.05
(II)Diluted earnings per share 0.02 0.05
5. Consolidated Cash flow statement
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
317,519,096.15 247,532,769.33
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 amount from disposal
financial assets that measured by fair
value and with variation reckoned into
current gains/losses
Net increase of inter-bank fund
received
Net increase of trade financial asset
disposal
Net increase of repurchasing
21
business
Tax returned
Other cash received from business
20,833,676.79 75,435,792.90
operation
Sub-total of cash inflow 338,352,772.94 322,968,562.23
Cash paid for purchasing of
16,967,355.13 22,447,424.62
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 staffs 56,500,358.92 54,907,879.71
Taxes paid 14,267,952.73 12,171,388.08
Other cash paid for business activities 9,965,765.68 12,082,357.86
Sub-total of cash outflow from
97,701,432.46 101,609,050.27
business activities
Cash flow generated by business
240,651,340.48 221,359,511.96
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 90,453,685.45 17,281,715.79
Net cash retrieved from disposal of
fixed assets, intangible assets, and 500.00 222,100.00
other 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
90,454,185.45 17,503,815.79
investment activities
Cash paid for construction of
fixed assets, intangible assets 67,900,945.14 123,729,143.04
and other long-term assets
22
Cash paid as investment 10,428,570.00 603,864.00
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
78,329,515.14 124,333,007.04
investment activities
Net cash flow generated by investment 12,124,670.31 -106,829,191.25
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
minor shareholders
Cash received as loans
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
activities
Cash to repay debts 150,000,000.00 163,685,000.00
Cash paid as dividend, profit, or
76,521,124.54 90,346,280.68
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 3,000,000.00 3,000,000.00
Sub-total of cash outflow due to
229,521,124.54 257,031,280.68
financing activities
Net cash flow generated by financing -229,521,124.54 -257,031,280.68
IV. Influence of exchange rate
alternation on cash and cash 269.98 571.74
equivalents
V.Net increase of cash and cash
23,255,156.23 -142,500,388.23
equivalents
Add: balance of cash and cash
561,800,403.72 976,468,685.82
equivalents at the beginning of term
VI ..Balance of cash and cash
585,055,559.95 833,968,297.59
equivalents at the end of term
23
6. Cash flow statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
1,852,718.34 1,077,962.11
rending of services
Tax returned
Other cash received from business
843,838.72 2,051,331.41
operation
Sub-total of cash inflow 2,696,557.06 3,129,293.52
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for staffs 15,423,043.56 14,503,215.51
Taxes paid 424,191.47 1,091,789.52
Other cash paid for business activities 12,031,758.75 170,591,662.09
Sub-total of cash outflow from
27,878,993.78 186,186,667.12
business activities
Cash flow generated by business
-25,182,436.72 -183,057,373.60
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 90,453,685.45 54,168,923.81
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 investment-related cash received 3,129,894.45 385,575,979.17
Sub-total of cash inflow due to
93,583,579.90 439,744,902.98
investment activities
Cash paid for construction of
fixed assets, intangible assets 229,745.41 42,500.00
and other long-term assets
Cash paid as investment 10,428,570.00 603,864.00
Net cash received from subsidiaries
603,864.00
and other operational units
24
Other cash paid for investment
375,000,000.00
activities
Sub-total of cash outflow due to
10,658,315.41 376,250,228.00
investment activities
Net cash flow generated by investment 82,925,264.49 63,494,674.98
III.Cash flow generated by financing
Cash received as investment
Cash received as loans
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
activities
Cash to repay debts
Cash paid as dividend, profit, or
24,576,045.58 24,564,112.75
interests
Other cash paid for financing activities 3,000,000.00 3,000,000.00
Sub-total of cash outflow due to
27,576,045.58 27,564,112.75
financing activities
Net cash flow generated by financing -27,576,045.58 -27,564,112.75
IV. Influence of exchange rate
alternation on cash and cash 269.98 571.74
equivalents
V.Net increase of cash and cash
30,167,052.17 -147,126,239.63
equivalents
Add: balance of cash and cash
332,632,828.69 782,174,175.59
equivalents at the beginning of term
VI ..Balance of cash and cash
362,799,880.86 635,047,935.96
equivalents at the end of term
II. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
This report is not audited.
25
