Guangdong Electric Power Development Co., Ltd. Summary of the Semi-Annual Report 2024
Stock Abbreviation：Yue Dian Li A, Yue Dian Li B Stock Code：000539，200539
Announcement No.：2024-48
Corporate bond code: 149418 Abbreviation of corporate bond:21 Yudean 02
Corporate bond code: 149711 Abbreviation of corporate bond: 21 Yudean 03
Guangdong Electric power Development Co., Ltd.
Summary of the Semi-Annual Report 2024
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Guangdong Electric Power Development Co., Ltd. Summary of the Semi-Annual Report 2024
I. Important notes
This summary of the Semi-Annual Report is quoted out of the full text of the Semi-Annual Report. Investors
desirous to understand entirely the Company's operation results, financial position and future development
planning are advised to carefully read the full text of the Semi-Annual Report which is published in the medium
designated by CSRC.
All directors have attended the Board meeting to consider the semi-annual report
Non-standard auditor’s opinion
□ Applicable √Not applicable
Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the share
capital for the reporting period, which has been reviewed and approved at the board meeting
□ Applicable √Not applicable
The company will distribute no cash dividends or bonus shares and has no reserve capitalization plan.
The preference share profit distribution pre-plan approved by the Board of Directors
□ Applicable √Not applicable
II. Basic information about the company
1. Company profile
Stock abbreviation Yue Dian Li A, Yue Dian Li B Stock code 000539.SZ，200539.SZ
Stock exchange for listing Shenzhen Stock Exchange
Contact person and contact manner Board secretary Securities affairs Representative
Name Liu Wei Huang Xiaowen
35/F, South Tower, Yudean Plaza, No.2 35/F, South Tower, Yudean Plaza, No.2
Address Tianhe Road East, Tianhe Road East,
Guangzhou,Guangdong Province Guangzhou,Guangdong Province
Tel (020)87570251 (020)87570251
E-mail liuw@ged.com.cn huangxiaowen@ged.com.cn
2. Major accounting data and financial indicators
May the Company make retroactive adjustment or restatement of the accounting data of the previous years
□Yes No
Changes of this period
Same period of last
Reporting period over same period of
year
Last year(%)
Operating income（Yuan） 26,078,790,971 28,340,840,884 -7.98%
Net profit attributable to the shareholders of the
902,938,860 856,538,633 5.42%
listed company（Yuan）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of listed 886,059,830 849,010,727 4.36%
company（Yuan）
Cash flow generated by business operation, net
6,006,225,071 2,720,370,016 120.79%
（Yuan）
Basic earning per share(Yuan/Share) 0.1720 0.1631 5.42%
Diluted gains per share(Yuan/Share) 0.1720 0.1631 5.42%
Weighted average ROE(%) 4.03% 3.86% 0.17%
As at the end of the As at the end of last Changed over last year
reporting period year （％）
Gross assets（Yuan） 164,569,341,102 161,207,283,087 2.09%
Net assets attributable to shareholders of the listed
22,680,612,863 22,141,735,460 2.43%
company（Yuan）
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Guangdong Electric Power Development Co., Ltd. Summary of the Semi-Annual Report 2024
3. Shareholders and shareholding
In shares
Total Number of common Number of shareholders of preferred
shareholders at the end of 114,297 stocks of which voting rights recovered 0
the reporting period in the report period(If any)
Shareholdings of Top 10 shareholders(Excludes shares lent through refinancing)
Number or share
Amount of pledged/frozen
Shareholders Proportion Number of
Nature of of shares shares held at restricted shares
shareholder
held（%） period -end State of share Amount
held
Guangdong Energy Group State-owned
67.39% 3,538,116,921 1,893,454,257 Not applicable 0
Co., Ltd. legal person
Guangzhou Development State-owned
2.22% 116,693,602 0 Not applicable 0
Group Co., Ltd. legal person
Guangdong Electric Power State-owned
1.80% 94,367,341 0 Not applicable 0
Development Corporation legal person
Domestic
Zheng Jianxiang Natural 0.51% 26,600,000 0 Not applicable 0
person
VANGUARD TOTAL
Overseas
INTERNATIONAL 0.30% 15,855,512 0 Not applicable 0
Legal person
STOCK INDEX FUND
CHINA
INTERNATIONAL
Overseas
CAPITAL 0.29% 15,378,366 0 Not applicable 0
Legal person
CORPORATION HONG
KONG SECURITIES LTD
GUOTAI JUNAN
Overseas
SECURITIES（HONG 0.26% 13,846,931 0 Not applicable 0
Legal person
KONG） LIMITED
NOMURA SINGAPORE Overseas
0.24% 12,599,843 0 Not applicable 0
LIMITED Legal person
Chaokang Investment Co., Overseas
0.22% 11,656,677 0 Not applicable 0
Ltd. Legal person
Domestic
Zhou Zheng Natural 0.21% 10,812,795 0 Not applicable 0
person
The Third largest shareholder Guangdong Electric Power Development Corporation
And the ninth largest shareholder Chaokang Investment Co., Ltd. Are the wholly-
Explanation on associated relationship
owned subsidiaries of the largest shareholder Energy Group. These three companies
among the aforesaid shareholders
have relationships; whether the other shareholders have relationships or unanimous
acting was unknown
Explanation on shareholders participating
Not applicable
in the margin trading business(if any )
Information of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10
shareholders of unrestricted tradable shares participating in the lending of shares in securities lending and
borrowing business
□ Applicable √ Not applicable
The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed
compared with the previous period due to the securities lending/returning,
□ Applicable √ Not applicable
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Guangdong Electric Power Development Co., Ltd. Summary of the Semi-Annual Report 2024
4. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
5.Number of preference shareholders and shareholdings of top 10 of them
□ Applicable √ Not applicable
No preference shareholders in the reporting period
6. Corporate bonds that existed on the date when this Report was authorized for issue
√Applicable□ Not applicable
（1）Basic information of corporate bonds
Bond balance
Bond short Interest
Bond name Bond code Issue day Due day (In
name rate
RMBI10,000)
Public Issuance of Corporate
Bonds to Qualified Investors
21Yudean
in 2021 (Phase II) of 149418.SZ April 27,2021 April 28,2026 12,500 2.45%
02
Guandong Electric Power
Development Co.,Ltd.
Public Issuance of Corporate
Bonds to Professional November 24,
21Yedean November
Investors in 2021 (Phase I) of 149711.SZ 80,000 3.41%
03 23,2021 2026
Guandong Electric Power
Development Co.,Ltd.
Public Issuance of Green
Corporate Bonds to
professional Investors in G23 March
115042.SH March 21,2028 60,000 3.15%
2023(phase I)(Variety 2) of Yuefeng 2 20,2023
Guangdong Wind Power
Generation Co., Ltd.
2021 MTN (Phase II) of
21Yudean November November
Guangdong Electric Power 102102318.IB 220,000 3.13%
Fa MTN002 15,2021 17,2024
Development Co., Ltd.
2022 MTN (Phase I) of
22Yudean August
Guangdong Electric Power 102281929.IB August 26,2027 60,000 2.9%
Fa MTN001 24,2022
Development Co., Ltd.
2023 MTN (Phase I) of
23Yudean March
Guangdong Electric Power 102380558.IB March 17,2028 160,000 3.35%
Fa MTN001 15,2023
Development Co., Ltd.
2024 MTN (Phase I) of 24 Yudean
Guangdong Electric Power Fa 102482034.IB May 22,2024 May 24,2029 100,000 2.41%
Development Co., Ltd. MTN001
2024 MTN (Phase II) of 24 Yudean
Guangdong Electric Power Fa 102483012.IB July 11,2024 July 15,2034 150,000 2.54%
Development Co., Ltd. MTN002
Guangdong Electric Power 24 Yudean October
012481357.IB April 18,2024 100,000 1.84%
Development Co., Ltd. Co., Fa 16,2024
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Guangdong Electric Power Development Co., Ltd. Summary of the Semi-Annual Report 2024
Ltd.2024 I phase Ultra-short SCP001
term financing bills
MTN (Phase I) (Sustainable
lingged)of Guangdong 21 Pinghai October October
102102049.IB 30,000 3.72%
Pinghai Power Generation Fa MTN001 13,2021 15,2024
Plant Co., Ltd.of 2021
（2） Financial indicators as of the end of the reporting period
In RMBI10,000
Items At the end of the reporting period At the end of last year
Debt ratio 79.05% 78.96%
Items Amount of this period Amount of last period
EBITDA Time interest earned ratio 4.09 4.12
III. Significant events
In the first half of 2024, affected by economic and other factors, the electricity demand in Guangdong Province
has risen steadily, and the electricity consumption of the whole society in Guangdong Province from January to
June was 413.42 billion kWh, an increase of 8.5% YOY; Among them, the electricity consumption of the
secondary industry accounted for 59.1% of the total electricity consumption of the whole society, driving the
growth of electricity consumption of the whole society by 4.9 percentage points, which was higher than the sum
of the electricity consumption of the tertiary industry and residents. During the reporting period, the Company
completed a total of 53.904 billion kWh of on-grid electricity in consolidated statement, an increase of 0.84%
YOY.
According to the data of the Guangdong Provincial Electric Power Trading Center, in 2024, the amount of
electricity traded in bilateral negotiated transactions in Guangdong Province is 243.114 billion kWh, with an
average transaction price of 465.64 yuan/thousand KWh, a YOY decrease of 15.93%; In the first half of 2024,
the average price of electricity sold in the consolidated statement was 539.50 yuan/thousand kWh, a YOY
decrease of 52.36 yuan/thousand kwh or a decrease of 8.85%. Operating revenue amounted to 26.079 billion
yuan, decreased by 2.262 billion yuan or 7.98 per cent YOY.
During the reporting period, benefiting from the completion and commissioning of new units of clean energy
and renewable energy, the Company achieved year-on-year growth in feed-in electricity. The Company fully
grasped the favourable conditions of the current drop in fuel prices, carried out in-depth work on energy
conservation and consumption reduction, strengthened the control of financing costs, improved the efficiency of
the use of funds, and effectively hedged the adverse impact of the drop in electricity prices with comprehensive
measures. The Company's net profit attributable to the parent company in the first half of 2024 was 902.94
million yuan, an increase of 46.4 million yuan YOY. Among them, the Company's coal-fired power business
achieved a net profit attributable to the parent company of 305.8 million yuan; the net profit attributable to the
parent company of the gas electricity business was 143.73 million yuan; the net profit attributable to the parent
company of the hydropower business was -10.15 million yuan; the net profit attributable to the parent company
of the new energy business was 198.43 million yuan; The Company's investment business achieved a net profit
attributable to the parent company of 211.47 million yuan.
As of June 2024, the Company has a total of about 5,778,500 kilowatts of wind power, photovoltaic and other
new energy installed capacity, including approximately 2,201,500 kilowatts of offshore wind power,
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Guangdong Electric Power Development Co., Ltd. Summary of the Semi-Annual Report 2024
approximately 1,193,400 kilowatts of onshore wind power, and approximately 2,383,500 kilowatts of
photovoltaic power generation. In the first half of 2024, the Company added 834,500 kilowatts of new energy
installed capacity, including 600,000 kilowatts of wind power and 234,500 kilowatts of photovoltaic power; The
total installed capacity of Xinjiang Shache Photovoltaic and other projects under construction is 3.25 million
kilowatts; the projects with a capacity of 2.335 million kilowatts have been completed through decision-making
of construction and signing of acquisition agreement; and the scale of new energy projects approved by the
Company for filing and for which the target has been obtained is approximately 6.204 million kilowatts. In the
future, the Company will continue to actively grasp the development trend of accelerating energy
transformation under the goals of "carbon peak" and "carbon neutrality", implement the "1310" deployment of
the Guangdong Provincial Party Committee, actively expand new energy project resources through self-
construction and acquisition, and make every effort to promote the leapfrog development of new energy and
build an ecological civilization power generation enterprise.
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