Guangdong Provincial Expressway Development Co.，Ltd.
The Third Quarterly Report 2015
October 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 completion 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, Compant principal , Mr. Wang Chunhua,General Manager, Mr. Fang Zhi, Chief of the
accounting work, Ms.Liu Xiaomei, Chief of the accounting organ (chief of accounting ) hereby confirm the
authenticity and completeness of the financial report enclosed in this report.
2
II. Main financial data and changes of shareholders
（1）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
End of the report period End of last year Year-on –year change
Gross assets（RMB） 12,110,281,652.65 12,513,505,946.42 -3.22%
Net assets attributable to the
shareholders of the listed 5,048,500,361.61 5,016,176,476.09 0.64%
company（RMB）
Between beginning
Change from the
Year-on year of the year to the
This report period same period last
change9%) end of the report
year
period
Operating income（RMB） 410,958,621.31 8.35% 1,135,351,508.90 6.31%
Net profit attributable to the
shareholders of the listed 161,435,234.27 31.45% 393,290,604.32 30.66%
company（RMB）
Net profit after deducting of
non-recurring gain/loss
attributable to the 151,723,812.80 25.22% 379,753,816.95 27.59%
shareholders of listed
company（RMB）
Cash flow generated by
business operation, net -- -- 813,375,899.95 4.37%
（RMB）
Basic earning per
0.13 30.00% 0.31 29.17%
share(RMB/Share)
Diluted gains per
share(RMB/Share)(RMB/Sha 0.13 30.00% 0.31 29.17%
re)
Weighted average
3.34% 0.60% 7.83% 0.94%
income/asset ratio（%）
Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Items Amount from beginning Notes
3
of the year to the end of
the report period
Non-current asset disposal gain/loss(including the
write-off part for which assets impairment provision is -21,784.50
made)
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Companys 20,000,000.00
business and granted under the states policies)
Other non-business income and expenditures other than
3,984,555.14
the above
Less：Amount of influence of income tax 5,957,704.73
Influence on minority shareholders equity (after tax) 4,468,278.54
Total 13,536,787.37 --
For the Companys 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
(II) Total number of shareholders and shareholding of top 10 shareholders by the end of the report period
(1) Total number of common shareholders and shareholding of top 10 common shareholders by the end of the
report period
In Shares
Total number of shareholders at the
87,034
end of report period
Particular about shares held by top ten 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
Communication 40.84% 513,356,893 409,977,151 Freezing 103,379,742
person
Group Co., Ltd.
Domestic Natural
Feng Wuchu 1.56% 19,659,309
person
Guangdong
State-owned legal
Expressway Co., 1.56% 19,582,228 19,582,228
person
Ltd
Domestic non
Haerbin Hali
State-owned 1.18% 14,850,682
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 Co., person
Ltd.
Bank of China－
Huatai Bairui Domestic non
Positive Growth State-owned 0.94% 11,853,046
Mixed Securities Legal person
Investment Fund
Guangdong
Hengjian State-owned legal
0.80% 10,073,699
Investment person
Holding Co., Ltd.
Bank of Domestic non
0.71% 8,973,229
Communications State-owned
5
－Everbright Legal person
Baode Letter
SOE reform
securities
investment fund
ICBC－South
Domestic non
Preferred value
State-owned 0.36% 4,587,562
securities
Legal person
investment fund
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
Feng Wuchu 19,659,309 19,659,309
shares
RMB Common
Haerbin Hali Industry Co., Ltd. 14,850,682 14,850,682
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
Guangdong Hengjian Investment RMB Common
10,073,699 10,073,699
Holding Co., Ltd. shares
Bank of Communications －
RMB Common
Everbright Baode Letter SOE reform 8,973,229 8,973,229
shares
securities investment fund
ICBC－South Preferred value RMB Common
4,587,562 4,587,562
securities investment fund shares
RMB Common
China Securities Finance Co., Ltd. 4,144,500 4,144,500
shares
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
between other shareholders and whether they are persons taking concerted action specified in
among the aforesaid shareholders
the Regulations on Disclosure of Information about Change in Shareholding of Shareholders
6
of Listed Companies.
Participation of top 10 unconditional Harbin Hali Industry Co., Ltd. Holds14,849,774 A shares of the Company through stock
common share shareholders in account with credit transaction and guarantee and holds 908 A shares through ordinary stock
securities margin trading (if any) account. Hold14,850,682 shares of the Company's stock totally.
Agreed re-purchasing by the Companys 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 Companys 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. Particular about large-margin change of main accounting statement item and financial index and its reason.
√ Applicable □ Not applicable
（I）Items of balance sheet as compared with the beginning of this year.
1.Monetary capital Increased by RMB 197 million and 35.07% over the beginning of the year, mainly due to net
cash inflow of RMB 814 million from operating activities, net cash inflow of RMB 271 million from investing
activities and net cash outflow of RMB 886 billion from financing activities.
2.Accounts receivable increased by RMB 60.22 million and 254.92% over the beginning of the year , mainly due
to increase of toll income receivable from United Electronic Toll Center by Guangdong Fokai Expressway Co.,
Ltd. And Guangfo Expressway Co., Ltd.
3.Dividend receivable increased by RMB 61.56 million over the beginning of the year, No balances at the
beginning of the year, all were receivable dividends of Shenzhen Yanhui Expressway Co., Ltd.
4.Other receivable decreased by RMB 14.13 million and 50.01% over the beginning of the year, Mainly caused by
the land requisition guarantee deposit and advertisement rent fee for Xiebian to Sanbao extension project in Fokai
Expressway charged by Guangdong Fokai Expressway Co., Ltd
5.Other current assets decreased by RMB 40.63 million and 100% over the beginning of the year, The balance at
the end of the current period is 0, the balance of the beginning of the year all were national debt reverse
repurchase bonds invested by the Company.
6.Construction in process increased by RMB 6.59 million and 221.67% over the beginning of the year, Mainly
caused by the upfront fee for Sanbao to Shuikou extension project approval occurred in Fokai Expressway at the
current period.
7.Deferred income tax assets decreased by RMB 8.87 million and 100% over the beginning of the year, The
balance at the end of the current period is 0，The reason of decrease was that Guangdong Fokai Expressway Co.,
Ltd had turned back all the deferred income tax assets at the current period.
8. Short-term loan decreased by RMB 150 million and 100% over the beginning of the year, The balance at the
end of the current period is 0，Guangdong Fokai Expressway Co., Ltd. has repaid the full short-term borrowing at
the end of the period.
9.Interest payable increased by RMB 50.48 million and 206.25% over the beginning of the year, The main reason
was that the parent company summed and drew RMB 50.92 million of payable MTN interest at the first three
quarters.
10.Other payable decreased by RMB 183 million and 49.57% over the beginning of the year, Mainly caused by
that Guangdong Fokai Expressway Co., Ltd repaid RMB 125 million for the shareholder's entrusted loan and paid
RMB 75 million of quality guarantee deposit for Xiebian to Sanbao extension project of Fokai Expressway.
11.Long-term payable Increased by RMB 50 million and 2,472.64% over the beginning of the year, For that the
parent company borrowed entrusted loan from Ganzhou Kangda Expressway Co., Ltd. at the current period.
(II) Items of profit statement as compared with the same period of the previous year
1.Operating income increased by RMB 67.34 million and 6.31% year on year, The main reason is that Guangfo
Expressway Co., Ltd and Fokai Expressway Co., Ltd have increased their incomes of toll due to the natural
increase of traffic volume.
2. Operating cost increased by RMB 30.89 million and 5.57% year on year, Mainly caused by that Guangfo
Expressway Co., Ltd. and Guangdong Fokai Expressway Co., Ltd were influenced by the increase of traffic flow,
8
which resulted in an increase in depreciation funds.
3.Business tax and surcharge increased by RMB1.07million and 2.74% year on year,
mainly due the tax increased caused by the increase of operation income.
4.Administrative expense decreased by RMB 8.88 million and 8.64% year on year, Mainly for that the
Company increased revenue and reduced expenditure, which resulted in a decrease in administrative expense.
5. Financial expenses decreased by RMB 35.27 million and 11.59% year on year, Mainly caused by that the
Company repaid with-interest liability.
6. Asset impairment loss increased by RMB6.72 million and 101.07% year on year, The main reason:
(1)Guangdong Expressway Technology Investment Co., Ltd. charged Beijing Gelin Enze Organic Fertilizer Co.,
Ltd. for RMB 6 million of entrusted loan over the same period of previous year.(2)The parent company charged
Kunlun Sercurities Co.,Ltd. for RMB 650,000 of debt over the same period of previous year. Therefore, RMB
6.65 million of loss occurred in the writedowns of these two items in total over the same period of previous year.
7.Investment income increased by RMB 40.82 million and 12.28% year on year, The main reason:（1）Also duo to
the natural increase of traffic volume of Guangdong Guanghui Expressway, and the open to traffic of Boshen
Expressway which increased the total traffic volume, the income of Guanghui Expressway Co., Ltd has been
increased prominently, while the investment income was increased by RMB 25 million.（2）In reason of that
Huiyan Expressway Co., Ltd received the compensation for the transferring of Yantianao tunnel of Huiyan
Highway, and the profit increased, which resulted in an increased of RMB 19 million in investment income.（3）
Investment income of China Everbright Bank increased by RMB 3.3 million .
8. Non-operating income increased by RMB 17million and 190.37% year on year, The main reason of increase is
that Guangdong Fokai Expressway Co., Ltd. received RMB 20 million of compensation for Jiujiang Bridges
termination for toll collection
9.Income tax expenses increased by RMB 23.66million and 39.62% year on year, The reason is that the total
profit increase leads to the increase of income tax expense.
10.The net profit for the owners of the parent company increased by RMB 92.28 million and 30.66% year on year
due to the combined influence of the above factors.
(III) Notes of main items of cash flow statement
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 increased by RMB 22.18 million compared with that of last year,
with an increased rate of 47.38%, Mainly caused by that Guangdong Fokai Expressway Co., Ltd. received the
compensation for Jiujiang Bridges termination for toll collection at the current period.
2.Taxes and levies paid
This item mainly calculates the income tax, business tax and surcharge actually paid in current period. Taxes and
levies paid increased by RMB 37.62 million and 72.43% year on year , Mainly for that Guangdong Fokai
Expressway Co., Ltd paid RMB 30.3 million of corporate income tax for January to June 2015, of which no
payment occurred in reason of the tax loss over the same period of previous year.
3. Cash received from returns on investment increased RMB 40.55 million year on year while no increase
occurred last period. Mainly for the withdrawal of the current investment value for national debt reverse
repurchase.
4. Cash received from absorption of investment
9
The main accounting is to check the cash dividends produced by equity investment. The Company received RMB
240 million of cash dividend from Guangdong Guanghui Expressway Co., Ltd., RMB 76.56 million of cash
dividend from Shenzhen Huiyan Expressway Co., Ltd., RMB 43.76 million of cash dividend from China
Everbright Bank Co., Ltd., RMB 9 million of cash dividend from Ganzhou Gankang Expressway Co., Ltd., RMB
2 million of cash dividend from Guangdong Yueke Technology Petty Loan Co., Ltd. and RMB 1.01 million of
cash dividend from Guangdong Radio and Television Networks Investment No.1 Limited Partnership Enterprise,
which increased RMB 135 million year on year and the rate of increase increased by 76.62% in reason of that the
Company received the increased cash dividend distributed by joint stock company.
5.Other cash receivable related to investment activities decreased by RMB 6.2 million while no increase occurred
this period.Mainly for that Guangdong Expressway Technology Investment Co., Ltd. charged Beijing Gelin Enze
Organic Fertilizer Co., Ltd. for RMB 6 million of entrusted loan over the same period of previous year.
6.Cash paid for purchase or construction of fixed assets, intangible assets and other long-term assets
The amount of this item decreased by RMB 94.79 million and 53.74% year on year，It is mainly affected by
following factors: (1) Project funds paid for Fokai Expressways expansion and overhaul reduced by RMB 65.87
million year on year;（2）(1)Guangdong Fokai Expressway Co., Ltd. paid RMB 10,200,000 of quality deposit for
the reinstatement work and the overhaul engineering of Jiujiang Bridge over the same period of previous year.
while no increase occurred this period.（3）Guangdong Fokai Expressway Co., Ltd paid RMB 12.75 million for the
network project of Guangdong province and the special civil engineering project over the same period of previous
year,while no increase occurred this period.（4）The special project funds of Guangfo Expressway Co., Ltd.
decreased by RMB 6 million at the current period.
7. Cash paid for investment
No investment spending occurs at the current period, of which the balance is 0. which decreased by 55.47 million
and 100%year on year.
8.The cash received from obtaining loans decreased by RMB 160 million and 76.19% year on year,
Mainly due to the company's current borrowing reduced.
9.Cash paid for debt repayment decreased by RMB 383 million and 39.61% year on year, All are with-interest
liabilities repaid by Guangdong Fokai Expressway Co., Ltd at the current period.
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 (Stock Abbreviation: Guangdong Expressway A, B, Stock Code: 000429,
200429) was suspension from April 8, 2015 .
On June 30, 2015, The 18th (Provisional) Meeting of the Seventh Board of Directors adopted the Proposal of
Guangdong Provincial Expressway Development Co., Ltd. issued shares to raise cash to buy assets and related
transactions matching funds plan and related motions.
The company's stock (Stock Abbreviation: Guangdong Expressway A, B, Stock Code: 000429, 200429) will
resume trading on July 22, 2015.
On August 26, 2015, The 20th (Provisional ) Meeting of the Seventh Board of Directors adopted the Proposal on
10
Guangdong Provincial Expressway Development Co., Ltd. Non-Public Issue of Shares and Cash to Buy Assets
and Raise Matching Funds and related motions.
On September 14, 2015, The Second provisional shareholders general meeting adopted the Proposal on
Guangdong Provincial Expressway Development Co., Ltd. Non-Public Issue of Shares and Cash to Buy Assets
and Raise Matching Funds and related motions.
On September 24, 2015, The Company received “Notification of Application for CSRCs Administrative
Permission Acceptance”(No.152821) from China Securities Regulatory Commission(hereinafter referred to as
“CSRC”), of which the application materials of “Approval of Guangdong Provincial Expressway Development
Co., Ltd. Issue of Shares to Buy Asset” submitted by the Company have been examined in accordance with the
law by CSRC. Considering that the materials were complete and up to the legal forms, CSRC decided to accept
the application for CSRCs Administrative Permission Acceptance.
The major asset restructuring-related related announcement, investors can access to
www.cninfo.com.cn for more details
Description of the website for
Overview of material matters Date of disclosing disclosing provisional
announcements
The 18th (Provisional) Meeting of the Seventh Board
of Directors adopted the Proposal of Guangdong
Provincial Expressway Development Co., Ltd. issued July 1, 2015 www.cninfo.com.cn
shares to raise cash to buy assets and related
transactions matching funds plan and related motions.
The 20th (Provisional ) Meeting of the Seventh Board
of Directors adopted the Proposal on Guangdong
Provincial Expressway Development Co., Ltd. August 28, 2015 www.cninfo.com.cn
Non-Public Issue of Shares and Cash to Buy Assets
and Raise Matching Funds and related motions.
The Second provisional shareholders general meeting
adopted the Proposal on Guangdong Provincial
September 15,
Expressway Development Co., Ltd. Non-Public Issue www.cninfo.com.cn
2015
of Shares and Cash to Buy Assets and Raise Matching
Funds and related motions.
The Company received “Notification of Application
September 25,2015 www.cninfo.com.cn
for CSRCs Administrative Permission Acceptance”.
III．The commitments of the Company and its shareholders holding over 5% of the Companys total shares in the
report year of extending to the report year from previous year.
□ Applicable √ Not applicable
The Company and shareholders with more than 5% stakes in the Company made no guarantee in the report period
or before report period but remaining effective in the report period.
11
IV．Prediction of Business performance for 2015
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□ Applicable √ Not applicable
V. Investment in Securities
√Applicable □Not applicable
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)
Financial
China
528,000,0 235,254,9 235,254,9 912,789,1 43,757,41 assets Subscribe
Stock 601818 Everbrigh 0.50% 0.50%
00.00 44 44 82.72 9.58 available on 2009
t Bank
for sale
528,000,0 235,254,9 235,254,9 912,789,1 43,757,41
Total -- -- -- --
00.00 44 44 82.72 9.58
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, 2009
Meeting (If any)
VI. Equity interests held in other listed companies
□ Applicable √Not applicable
The Company did not hold any equity interests in other listed companies as at the end of the reporting period.
VII. Derivative investment
□ Applicable √ Not applicable
12
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.
Ⅸ.Guarantees provided by the company
□ Applicable √ Not applicable
There was not involved in any Guarantees provided by the company in the reporting period.
Ⅹ. Particulars about the non-operating occupation of funds by the controlling shareholder and other related
parties of the Company
□ Applicable √ Not applicable
The Company was not involved in the non-operating occupation of funds by the controlling shareholder and other related parties
during the reporting period..
13
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
September 30,2015
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 758,817,861.23 561,800,403.72
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 83,838,652.93 23,621,958.13
Prepayments 3,054,570.00 963,349.67
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividend receivable 61,556,700.00
Other account receivable 14,120,117.27 28,245,949.17
Repurchasing of financial assets
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 40,632,376.52
Total of current assets 921,387,901.43 655,264,037.21
Non-current assets：
14
Loans and payment on others behalf
disbursed
Disposable financial asset 1,711,364,284.45 1,946,619,228.45
Expired investment in possess
Long-term receivable
Long term share equity investment 2,706,144,295.91 2,706,081,363.32
Property investment 3,800,237.83 4,148,397.88
Fixed assets 6,747,564,727.43 7,176,766,024.73
Construction in progress 9,567,824.91 2,974,467.60
Engineering material 1,549,556.00 1,549,556.00
Fixed asset disposal 240,420.45
Production physical assets
Gas & petrol
Intangible assets 3,793,952.03 5,051,049.34
R & D petrol
Goodwill
Long-germ expenses to be amortized 3,692,019.66 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 11,188,893,751.22 11,858,241,909.21
Total of assets 12,110,281,652.65 12,513,505,946.42
Current liabilities
Short-term loans 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 175,056,081.87 150,799,208.60
Advance payment 4,149,508.48 4,868,022.79
Selling of repurchased financial assets
Fees and commissions receivable
15
Employees wage payable 3,773,039.52 2,808,275.72
Tax payable 42,402,857.43 11,575,093.74
Interest payable 74,950,011.15 24,473,342.31
Dividend payable 14,973,387.34 11,148,088.30
Other account payable 186,242,595.40 369,325,097.99
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 305,480,000.00 400,480,000.00
Other current liability
Total of current liability 807,027,481.19 1,125,477,129.45
Non-current liabilities：
Long-term loan 4,180,440,000.00 4,393,840,000.00
Bond payable 997,000,000.00 997,000,000.00
Including：preferred stock
Sustainable debt
Long-term payable 52,022,210.11 2,022,210.11
Long-term payable employeess
remuneration
Special payable
Expected liabilities
Differed income
Differed income tax liability 119,427,435.56 124,150,064.67
Other non-current liabilities
Total non-current liabilities 5,348,889,645.67 5,517,012,274.78
Total of liability 6,155,917,126.86 6,642,489,404.23
Owners equity
Share capital 1,257,117,748.00 1,257,117,748.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 1,534,771,223.07 1,534,771,223.07
16
Less：Shares in stock
Other comprehensive income 395,228,305.92 630,483,249.92
Special reserves
Surplus reserves 253,056,237.77 253,056,237.77
Common risk provision
Undistributed profit 1,608,326,846.85 1,340,748,017.33
Total of owners equity belong to the
5,048,500,361.61 5,016,176,476.09
parent company
Minority shareholders equity 905,864,164.18 854,840,066.10
Total of owners equity 5,954,364,525.79 5,871,016,542.19
Total of liabilities and owners equity 12,110,281,652.65 12,513,505,946.42
Legal Representative: Zhu Zhanliang Person in charge of accounting：Fang Zhi Accounting Dept Leader: Liu Xiaomei
2.Parent Company Balance Sheet
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 568,538,559.37 332,632,828.69
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable
Account receivable
Prepayments 500,000.02 1,250,000.00
Interest receivable 130,416.66 387,936.10
Dividend receivable 71,433,604.79
Other account receivable 3,957,871.21 2,536,246.24
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 170,603,625.00
Total of current assets 644,560,452.05 507,410,636.03
Non-current assets：
17
Disposable financial asset 1,711,364,284.45 1,946,619,228.45
Expired investment in possess
Long-term receivable
Long term share equity investment 5,109,588,369.36 5,108,422,809.68
Property investment 3,548,099.58 3,896,259.63
Fixed assets 4,088,364.85 5,463,902.97
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,020,436.70 1,007,811.70
R & D petrol
Goodwill
Long-germ expenses to be amortized 3,686,975.99 4,955,719.12
Differed income tax asset
Other non-current asset 78,000,000.00 78,000,000.00
Total of non-current assets 6,911,296,530.93 7,148,365,731.55
Total of assets 7,555,856,982.98 7,655,776,367.58
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 941,628.82 955,391.47
Tax payable 717,542.43 1,640,343.15
Interest payable 70,254,629.00 17,902,360.98
Dividend payable 11,681,085.74 11,148,088.30
Other account payable 2,157,347.57 3,342,843.69
Liabilities held for sales
Non-current liability due in 1 year
18
Other current liability 176,473,611.58 249,803,653.80
Total of current liability 262,225,845.14 284,792,681.39
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 52,022,210.11 2,022,210.11
Employees wage Long-term payable
Special payable
Expected liabilities
Differed income
Differed income tax liability
Other non-current liabilities
Total of Non-current liabilities 2,549,022,210.11 2,499,022,210.11
Total of liability 2,811,248,055.25 2,783,814,891.50
Owners equity
Share capital 1,257,117,748.00 1,257,117,748.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 1,534,919,363.82 1,534,919,363.82
Less：Shares in stock
Other comprehensive income 395,228,305.92 630,483,249.92
Special reserves
Surplus reserves 253,056,237.77 253,056,237.77
Undistributed profit 1,304,287,272.22 1,196,384,876.57
Total of owners equity 4,744,608,927.73 4,871,961,476.08
Total of liabilities and owners equity 7,555,856,982.98 7,655,776,367.58
3.Consolidated Profit statement of the Report period
In RMB
Item Report period Same period of the previous year
19
I. Income from the key business 410,958,621.31 379,295,699.87
Incl：Business income 410,958,621.31 379,295,699.87
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 355,961,739.81 326,495,624.47
Incl：Business cost 225,223,358.90 185,416,659.01
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 14,196,188.60 13,795,642.79
Sales expense
Administrative expense 31,590,025.47 33,128,649.76
Financial expenses 84,952,166.84 98,806,684.91
Asset impairment loss -4,652,012.00
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 141,570,365.16 110,733,180.57
Incl: investment gains from affiliates 140,559,527.21 108,609,680.44
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss 196,567,246.66 163,533,255.97
Add：Non-business income 20,258,970.22 7,534,596.02
Incl：Gains from disposal of non-current
assets
Less：Non business expenses 1,384,896.45 652,997.37
Incl：Loss from disposal of non-current
69,829.04 322,282.93
assets
IV.Total profit(“-”for loss) 215,441,320.43 170,414,854.62
Less：Income tax expenses 29,366,869.39 28,021,638.83
20
V. Net profit（“-”for net loss 186,074,451.04 142,393,215.79
Net profit attributable to the owners of
161,435,234.27 122,815,513.69
parent company
Minority shareholders equity 24,639,216.77 19,577,702.10
VI. Net after-tax of Other comprehensive
-348,177,317.12 54,108,637.12
income
Net after-tax
of other comprehensive income attributab -348,177,317.12 54,108,637.12
le to owners of the parent company.
（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 be -348,177,317.12 54,108,637.12
reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2.Gains and losses from changes in fair v
-348,177,317.12 54,108,637.12
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
Net
after-tax of other comprehensive income
attributable to Minority shareholders
equity
21
VII. Total comprehensive income -162,102,866.08 196,501,852.91
Total comprehensive income attributable
-186,742,082.85 176,924,150.81
to the owner of the parent company
Total comprehensive income
24,639,216.77 19,577,702.10
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.13 0.10
(II)Diluted earnings per share 0.13 0.10
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：Fang Zhi Accounting Dept Leader: Liu Xiaomei
4. Profit statement of the Parent Company of the Report period
In RMB
Items Report period Same period of the previous year
I. Income from the key business 2,801,641.76 9,686,612.19
Incl：Business cost 116,053.35 116,053.35
Business tax and surcharge 156,891.95 673,958.94
Sales expense
Administrative expense 15,877,775.35 15,037,661.98
Financial expenses 40,354,014.61 44,516,135.24
Asset impairment loss -445,529.50
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 141,754,006.05 111,567,427.59
Incl: investment gains from affiliates 140,743,168.10 109,443,927.46
II. Operational profit（“-”for loss 88,050,912.55 61,355,759.77
Add：Non-business income
Incl：Gains from disposal of
non-current assets
Less：Non business expenses 116,650.81
Incl：Loss from disposal of non-current
344,222.56
assets
III.Total profit(“-”for loss) 87,934,261.74 61,355,759.77
Less：Income tax expenses
22
IV. Net profit（“-”for net loss） 87,934,261.74 61,355,759.77
V. Net after-tax of Other comprehensive
-348,177,317.12 54,108,637.12
income
（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 -348,177,317.12 54,108,637.12
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
-348,177,317.12 54,108,637.12
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
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 -260,243,055.38 115,464,396.89
VII. Earnings per share：
（I）Basic earnings per share 0.070 0.050
(II)Diluted earnings per share
5. Consolidated Profit statement between the beginning of the year and end of the report period
In RMB
Items Report period Same period of the previous year
I. Total operating income 1,135,351,508.90 1,068,012,591.73
23
Including：Operating income 1,135,351,508.90 1,068,012,591.73
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 995,811,980.91 1,001,280,543.70
Including：Operating cost 585,922,236.23 555,031,258.74
Interest expense
Commission chare and commission
expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance
contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 40,148,974.92 39,079,446.60
Sales expenses
Administration expenses 100,722,869.99 109,605,183.61
Financial expenses 268,946,518.11 304,216,666.75
Losses of devaluation of assets 71,381.66 -6,652,012.00
Add ：Changing income of fair value
Investment income 373,242,100.41 332,424,328.11
Including：Investment income on affiliate
327,619,632.59 287,765,347.21
company and joint venture
Exchange income
III. Operating profit 512,781,628.40 399,156,376.14
Add ：Non-operating income 25,956,693.13 8,939,035.01
Including :Disposal Gains of
non-current assets
Less：Non-operating expense 1,993,922.49 3,048,788.58
Including :Disposal loss of non-current
435,559.13 897,231.34
assets
IV. Total profit 536,744,399.04 405,046,622.57
Less：Income tax 83,371,503.94 59,714,425.69
24
V. Net profit（“-”for net loss 453,372,895.10 345,332,196.88
Net profit attributable to the owners of
393,290,604.32 301,008,457.71
parent company
Minority shareholders equity 60,082,290.78 44,323,739.17
VI. Net after-tax of Other comprehensive
-235,254,944.00 25,878,043.84
income
Net after-tax of
other comprehensive income attributable -235,254,944.00 25,878,043.84
to owners of the parent company.
（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 be -235,254,944.00 25,878,043.84
reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2.Gains and losses from changes in fair v
-235,254,944.00 25,878,043.84
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
Net after-tax of
other comprehensive income attributable
to Minority shareholders equity
VII. Total comprehensive income 218,117,951.10 371,210,240.72
25
Total comprehensive income attributable
158,035,660.32 326,886,501.55
to the owner of the parent company
Total comprehensive income
60,082,290.78 44,323,739.17
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.31 0.24
(II)Diluted earnings per share 0.31 0.24
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.
6.Profit Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Report period Same period of the previous year
I. Business income 12,129,110.37 32,593,937.68
Less：Business cost 348,160.05 348,160.05
Business tax and surcharge 730,075.30 1,987,092.45
Sales expense
Administrative expense 52,986,222.75 53,733,131.36
Financial expenses 125,871,739.15 144,458,131.07
Asset impairment loss -445,529.50
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 401,519,305.58 334,058,422.98
Incl: investment gains from affiliates 328,722,259.68 289,399,442.08
II. Operational profit 233,712,218.70 166,571,375.23
Add：Non-business income 26,300.00 37,574.60
Incl：Gains from disposal of non-current
assets
Less：Non business expenses 124,348.25 351,800.00
Incl：Loss from disposal of non-current
351,800.00 351,800.00
assets
III.Total profit 233,614,170.45 166,257,149.83
Less：Income tax expenses
IV. Net profit） 233,614,170.45 166,257,149.83
V. Net after-tax of Other comprehensive
-235,254,944.00 25,878,043.84
income
26
（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 -235,254,944.00 25,878,043.84
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
-235,254,944.00 25,878,043.84
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
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 -1,640,773.55 192,135,193.67
VII. Earnings per share
（I）Basic earnings per share 0.190 0.130
(II)Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
1,069,506,486.08 1,044,010,246.63
rending of services
Net increase of customer deposits and
27
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
68,997,399.39 46,813,759.63
operation
Sub-total of cash inflow 1,138,503,885.47 1,090,824,006.26
Cash paid for purchasing of
63,673,763.99 70,898,491.83
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 140,833,356.68 150,265,845.05
Taxes paid 89,573,147.11 51,948,805.43
Other cash paid for business activities 31,047,717.74 38,427,033.30
Sub-total of cash outflow from business
325,127,985.52 311,540,175.61
activities
Cash flow generated by business
813,375,899.95 779,283,830.65
operation, net
II.Cash flow generated by investing
28
Cash received from investment
40,549,909.00
retrieving
Cash received as investment gains 311,676,183.82 176,468,124.64
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 6,503.00 71,580.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 6,206,482.50
Sub-total of cash inflow due to
352,232,595.82 182,746,187.14
investment activities
Cash paid for construction of
fixed assets, intangible assets 81,599,367.28 176,392,346.03
and other long-term assets
Cash paid as investment 55,468,487.00
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
81,599,367.28 231,860,833.03
investment activities
Net cash flow generated by investment 270,633,228.54 -49,114,645.89
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
minor shareholders
Cash received as loans 50,000,000.00 210,000,000.00
Cash received from bond placing
Other financing –related ash received 12,507.50
Sub-total of cash inflow from financing
50,000,000.00 210,012,507.50
activities
Cash to repay debts 583,400,000.00 966,085,000.00
Cash paid as dividend, profit, or
350,091,332.83 364,411,187.68
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholder
29
Other cash paid for financing activities 3,000,000.00 3,000,000.00
Sub-total of cash outflow due to
936,491,332.83 1,333,496,187.68
financing activities
Net cash flow generated by financing -886,491,332.83 -1,123,483,680.18
IV. Influence of exchange rate
-500,338.15 -277,665.55
alternation on cash and cash equivalents
V.Net increase of cash and cash
197,017,457.51 -393,592,160.97
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
758,817,861.23 582,876,524.85
equivalents at the end of term
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
4,340,087.24 4,683,552.03
rending of services
Tax returned
Other cash received from business
11,626,230.90 17,356,133.66
operation
Sub-total of cash inflow 15,966,318.14 22,039,685.69
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for staffs 34,605,679.08 33,221,950.20
Taxes paid 1,012,868.13 2,594,082.67
Other cash paid for business activities 99,667,792.25 180,025,387.81
Sub-total of cash outflow from business
135,286,339.46 215,841,420.68
activities
Cash flow generated by business
-119,320,021.32 -193,801,734.99
operation, net
II.Cash flow generated by investing
Cash received from investment
40,549,909.00
retrieving
Cash received as investment gains 328,973,857.11 250,242,540.68
30
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 1,425.00 4,500.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 137,891,227.77 1,028,695,643.07
Sub-total of cash inflow due to
507,416,418.88 1,278,942,683.75
investment activities
Cash paid for construction of
fixed assets, intangible assets 334,184.41 1,403,580.63
and other long-term assets
Cash paid as investment 55,468,487.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
505,000,000.00
activities
Sub-total of cash outflow due to
334,184.41 561,872,067.63
investment activities
Net cash flow generated by investment 507,082,234.47 717,070,616.12
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 50,000,000.00
Cash received from bond placing
Other financing –related ash received 12,507.50
Sub-total of cash inflow from
50,000,000.00 12,507.50
financing activities
Cash to repay debts 800,000,000.00
Cash paid as dividend, profit, or
198,356,144.32 178,267,968.72
interests
Other cash paid for financing activities 3,000,000.00 3,000,000.00
Sub-total of cash outflow due to
201,356,144.32 981,267,968.72
financing activities
Net cash flow generated by financing -151,356,144.32 -981,255,461.22
IV. Influence of exchange rate
-500,338.15 -277,665.55
alternation on cash and cash equivalents
V.Net increase of cash and cash
235,905,730.68 -458,264,245.64
equivalents
31
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
568,538,559.37 323,909,929.95
equivalents at the end of term
II. Auditors report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
32
