Guangdong Electric Power Development Co., Ltd.
The Third Quarterly Report 2011
§I Important Statement
1.1 The Board of Directors, Supervisory Committee, Directors , Supervisors, Senior Executives of
the Company hereby warrant that there are no misstatement, misleading representation or
important omissions in this report and shall assume joint and several liability for the
authenticity, accuracy and completeness of the contents hereof.
1.2 Other directors attended the meeting on examining the Annual except for the following directors.
Name absent
Title Reason of absence Name of entrusted
director
Pan Li Board chairman Due to business Liu Qian
Li Zhuoxian Director Due to business Li Mingliang
Hong Rongkun Director Due to business Li Mingliang
Gao Shiqiang Director Due to business Liu Qian
Wang Jin Director Due to business Lin Shizhuang
Independent
Wang Jun Due to business Zhu Weiping
Director
Independent
Feng Xiaoming Due to business Song Xianzhong
Director
1.3 The Third quarterly financial report of the Company is not audited .
1.4 Chairman of the Board of Directors, Pan Li, General Manager, Lin Shizhuang, Financial Deputy General
Manager and Financial Principal , Li Xiaoqing represent and warrant the financial and accounting report in
the Quarterly report is true and complete. English translation for reference only. Should there be any
inconsistency between the Chinese and English versions, the Chinese version shall prevail.
§2 Basic Information
2.1 Highlights of Accounting Data and Financial Indicators
Unit：RMB
2011.9.30 2010.12.31 Increase /decrease（％）
Total assets（RMB） 38,192,583,129.00 34,596,318,255.00 10.39%
Owner’s equity attributable to
shareholders of the listed company 10,250,810,681.00 10,165,754,201.00 0.84%
（RMB）
Stock capital（shares） 2,797,451,138.00 2,797,451,138.00 0.00%
Net assets per share attributable to
shareholders of the listed company 3.66 3.63 0.83%
（yuan/shares）
Increase/decrease in Increase/decrease in
the report period the report period
January-September
July-September 2011 compared with the compared with the
2011
same period of the same period of the
last year(%) last year(%)
Total turnover(RMB) 4,029,756,060.00 18.05% 10,500,517,745.00 8.65%
Net profit attributable to owners of parent
97,842,300.00 -59.83% 415,491,040.00 -38.36%
company(RMB)
Net cash flow arising from operating
- - 1,455,576,726.00 -7.17%
activities(RMB)
Net cash flow per share arising from
- - 0.52 -7.14%
operating activities(RMB/share)
Basic earnings per share(RMB/share) 0.03 -66.67% 0.15 -40.00%
1
Diluted earnings per share(RMB/share) 0.03 -66.67% 0.15 -40.00%
Weighted average return on equity（%） 0.95% -1.50% 4.04% -2.51%
Weighted average return on equity after
deducting non-recurring gains and losses 2.58% 0.26% 5.54% -0.78%
（%）
Items of non-current gains and losses Year begin to end of report period Notes
Profit & loss arising from entrusting Loan 27,102,359.56
Except the above items, other non-operating earning and expenditure 2,536,377.34
The provision for impairment of assets made due to force majeure such
-283,359,377.00
as natural calamities
Amount of influence of income tax -19,735,818.40
Amount of influence of minority interests 119,367,064.67
Total -154,089,393.83 -
2.2 Total number of shareholders in the end of the report period and shares held by the top ten shareholders with
unrestricted conditions
Unit：shares
Total number of shareholders at the end of report
145,598
period
Share held by the top ten shareholders with unrestricted conditions
Number of Unconditional shares held at
Name of the shareholder Type of shares
the period-end
Guangdong Yudean Group Co., Ltd. 1,232,256,158 RMB common shares
Shenzhen Guangfa Electric Power Investment
101,777,185 RMB common shares
Co., Ltd.
Guangdong Electric Power Development
78,639,451 RMB common shares
Company
Guangdong Guangkong Group Co., Ltd. 23,610,428 RMB common shares
China Construction Bank－Penghua Value
Advantage Stock-linked 14,468,781 RMB common shares
Security Investment Fund
Boshi Increase securities Investment Fund 12,000,000 RMB common shares
Foreign shares placed in domestic
Natio Securities Co., Ltd. 10,975,392
exchange
China Xinda Asset Management Company 10,900,000 RMB common shares
CHINA INT'L CAPITAL CORP HONG KONG Foreign shares placed in domestic
10,259,685
SECURITIES LTD exchange
National SecialInsurance Fund 103 Combination 9,999,923 RMB common shares
2.3 Bond holding by top 10 corporate bond holders
Holder Number
China Pacific Life Insurance Co., Ltd.－Universal－Universal insurance Group 2,450,000
China Life insurance Co., Ltd 2,388,140
Xinhua Life insurance Co., ltd.－Universal－Deyi Management -018L-WN001Shen 2,200,000
Zhongying Life insurance Co., ltd. 2,114,775
China Post Office Saving Bank Co., Ltd. 2,000,000
2
China Ping An Life Insurance Co., Ltd. 1,600,000
Zhongyou Financial Co., Ltd 1,336,678
Taikang Life insurance Co., Ltd － Dividend Distribution － Group
1,000,000
Dividends-019L-FH001Shen
Taikang Life insurance Co., Ltd－Universal--Universal individual 999,800
insurance
China Ping An Insurance (Group) Co., Ltd. 800,000
2.4 The power output and on－grid electricity volume of the controlled subsidiaries of the Company
Year begin to Period of the
Index Increase（±%）
end of report last year
Shajiao Power Plant A 66.25 63.43 4.45%
Zhangjiang Power plant 59.23 57.22 3.51%
Guangdong Yuejia Power Co., Ltd. 11.21 18.39 -39.04%
Power Guangdong Shaoguan Yuejiang Power Co., Ltd. 27.10 24.98 8.49%
output(Bill
ion kwh) Maoming Zhenneng
27.52 26.11 5.40%
Thermoelectric .Co., Ltd
Guangdong Yudean Jinghai Power Co., Ltd. 57.08 48.71 17.18%
Zhanjiang Zhongyue Energy Co., Ltd. 5.04 — —
Guangdong Yudean Zhanjiang Wind power Co., Ltd. 0.70 0.69 1.45%
Shajiao Power Plant A 61.44 58.77 4.54%
Zhangjiang Power plant 55.66 53.90 3.27%
On－grid Guangdong Yuejia Power Co., Ltd. 10.28 16.78 -38.74%
Electric Guangdong Shaoguan Yuejiang Power Co., Ltd. 24.96 22.59 10.49%
ity
volume(b Maoming Zhenneng
25.41 24.06 5.61%
illion Thermoelectric .Co., Ltd
kwh) Guangdong Yudean Jinghai Power Co., Ltd. 53.84 45.75 17.68%
Zhanjiang Zhongyue Energy Co., Ltd. 4.69 — —
Guangdong Yudean Zhanjiang Wind power Co., Ltd. 0.65 0.66 -1.52%
§3 Significant Events
3.1 Particular about large-margin change of main accounting statement item and financial index and its reason.
√ applicable □ not applicable
Based on the principle of prudence, for the purpose of giving more truthful and accurate view of the status of its assets and in
accordance with Accounting Standards for Business Enterprises and relevant accounting policies of the Company, the Company made
provision of RMB 283.36 million for impairment loss in respect of assets of Yuejia Company in the consolidated statements for the
third quarter and provision of RMB 297.5969 million for impairment loss in respect of long-term investment in Yuejia Company in the
parent statements for the third quarter. Such provision decreased the net profit for the parent company by RMB 297.5969 million and
the net profit for the owners of the parent company in consolidated statements by RMB 164.35 million. The percentage of year-on-year
decrease is 59.83%.
3
3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
□applicable √ not applicable
3.2.1 Non-standard Opinion
□applicable √ not applicable
3.2.2 The Company provided funds to its controlling shareholder or related parties and provided guarantees in
violation of established procedures.
□applicable √ not applicable
3.2.3 Signing and performance of significant contracts for daily operation
□applicable √ not applicable
3.2.4 Other
√ applicable □ not applicable
In the report period, the 3rd meeting of the seventh board of directors decided to continue the significant asset reorganization
concerning assets purchase through issuing shares to the controlling shareholder, adjust, revise and perfect the reorganization scheme
according to relevant opinions of CSRC and resubmit it to CSRC for examination as soon as possible. At present, the listing of the
Company's stocks has been suspended. Relevant work including audit, appraisal and legal service is underway. The continuation of the
Company's reorganization is consistent with the Company's long-term development target and serves the interests of the Company and
all shareholders.
3.3 The fulfillment of the commitment made by the Company , shareholders and the actual controller
√ applicable □ not applicable
Items of commitments Promisee Content of commitments Implementation
Promise in share holding structure
N/A N/A N/A
reform
Commitments made in Acquisition
Report or Reports on Change in N/A N/A N/A
interests
Commitments made in Material
N/A N/A N/A
assets Reorganization
Commitments made in issuing N/A N/A N/A
138,047,138 RMB ordinary shares (A shares)
privately issued by the Company to Guangdong
Yudean Group Co., Ltd., its controlling
Other commitments（Including: Guangdong
shareholder, were listed at Shenzhen Stock
Yudean Group Under fulfillment
supplementary commitments） Exchange from May 25, 2010. Yudean Group
Co., Ltd.
promised not to assign the stocks of Yue Dian Li
owned by it within 36 months from the said day of
listing.
4
3.4 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
3.5 Other significant events need to be explained
3.5.1 Stock investment
□applicable √ not applicable
3.5.2 Reception of investigations, communications ,or interviews company held in the report period.
□applicable √ not applicable
3.6 Particulars about derivatives investment
□applicable √ not applicable
3.6.1 Particulars about the positions of derivatives investment at the end of report period.
□applicable √ not applicable
§4 Appendix
4.1 Balance sheet
Prepared by：Guangdong Electric Power Development Co., Ltd.
September 30,2011 Unit：RMB
Year-end balance
Year-beginning balance
Items
Consolidated Parent company Consolidated Parent company
Current asset：
Monetary fund 2,365,682,067.00 289,613,637.00 1,894,021,204.00 659,395,980.00
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable
Account receivable 1,903,832,747.00 374,146,814.00 1,841,038,374.00 442,971,470.00
Prepayments 1,303,452,651.00 178,281,170.00 668,596,257.00 177,510,400.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 516,147.00 71,713.00 223,800.00
Dividend receivable 11,935,243.00 9,155,096.00
Other account receivable 241,042,383.00 376,405,693.00 572,285,959.00 553,478,108.00
Repurchasing of
financial assets
5
Inventories 805,045,004.00 198,087,987.00 852,247,851.00 147,588,932.00
Non-current asset due in 1
year
Other current asset 37,747,262.00
Total of current assets 6,657,318,261.00 1,428,542,257.00 5,828,413,445.00 1,990,099,986.00
Non-current assets：
Loans and payment on
other’s behalf disbursed
Disposable financial asset 285,231,450.00 285,231,450.00 353,104,045.00 353,104,045.00
Expired investment in
possess
Long-term receivable 487,012,135.00 528,780,000.00 33,326,446.00 15,580,000.00
Long term share equity
6,156,130,920.00 13,405,236,843.00 5,469,169,354.00 12,138,988,785.00
investment
Property investment 12,269,126.00 12,269,126.00 12,743,846.00 12,743,846.00
Fixed assets 12,430,878,366.00 1,108,841,830.00 11,207,225,955.00 1,230,337,302.00
Construction in progress 9,862,202,284.00 70,392,963.00 9,964,066,605.00 21,272,816.00
Engineering material 1,720,270,384.00 1,154,219,103.00
Fixed asset disposal 15,506,226.00 351,217.00 13,259,341.00
Production physical assets
Gas & petrol
Intangible assets 467,330,877.00 108,712,106.00 471,880,558.00 111,321,196.00
R & D petrol
Goodwill
Long-germ expenses to be
amortized
Differed income tax asset 98,433,100.00 13,061,592.00 88,909,557.00
Other non-current asset
Total of non-current assets 31,535,264,868.00 15,532,877,127.00 28,767,904,810.00 13,883,347,990.00
Total of assets 38,192,583,129.00 16,961,419,384.00 34,596,318,255.00 15,873,447,976.00
Current liabilities
Short-term loans 8,878,000,000.00 3,420,000,000.00 8,327,500,000.00 3,670,000,000.00
Loan from Central Bank
Deposit received and hold
for others
Call loan received
Trade off financial liabilities
Bill payable 433,083,604.00 110,000,000.00
Account payable 2,750,026,687.00 469,182,878.00 2,636,633,053.00 362,866,001.00
Advance payment 24,201,597.00 5,496,327.00 2,091,859.00 1,629,002.00
Selling of repurchased
financial assets
Fees and commissions
receivable
6
Employees’ wage payable 346,445,678.00 84,588,289.00 248,689,441.00 53,486,508.00
Tax payable -649,373,517.00 -20,884,725.00 -296,863,723.00 25,701,980.00
Interest payable 84,110,116.00 86,146,391.00 108,347,024.00 99,039,629.00
Dividend payable 15,825,477.00 7,595,810.00 12,042,196.00 7,112,529.00
Other account payable 1,058,940,491.00 84,118,016.00 878,339,481.00 60,544,841.00
Reinsurance fee payable
Insurance contract provision
Entrusted trading of
securities
Entrusted selling of
securities
Non-current liability due in
702,198,052.00 40,000,000.00 627,733,453.00
1 year
Other current liability
Total of current liability 13,643,458,185.00 4,176,242,986.00 12,654,512,784.00 4,280,380,490.00
Non-current liabilities：
Long-term loan 7,254,113,710.00 1,040,000,000.00 6,320,720,000.00
Bond payable 1,990,766,696.00 1,990,766,696.00 1,988,739,874.00 1,988,739,874.00
Long-term payable 1,942,372,961.00 498,657,613.00
Special payable
Expected liabilities
Differed income tax
1,344,864.00 5,251,421.00 3,906,557.00
liability
Other non-current liabilities 46,104,033.00 23,076,924.00 44,059,687.00 24,615,385.00
Total of non-current
11,234,702,264.00 3,053,843,620.00 8,857,428,595.00 2,017,261,816.00
liabilities
Total of liability 24,878,160,449.00 7,230,086,606.00 21,511,941,379.00 6,297,642,306.00
Owners’ equity
Share capital 2,797,451,138.00 2,797,451,138.00 2,797,451,138.00 2,797,451,138.00
Capital reserves 1,833,736,725.00 1,766,867,370.00 1,884,426,171.00 1,817,556,816.00
Less：Shares in stock
Special reserve
Surplus reserves 3,775,481,032.00 3,775,481,032.00 3,425,241,041.00 3,425,241,041.00
Common risk provision
Undistributed profit 1,844,141,786.00 1,391,533,238.00 2,058,635,851.00 1,535,556,675.00
Different of foreign currency
translation
Total of owner’s equity belong to
10,250,810,681.00 9,731,332,778.00 10,165,754,201.00 9,575,805,670.00
the parent company
Minor shareholders’ equity 3,063,611,999.00 2,918,622,675.00
Total of owners’ equity 13,314,422,680.00 9,731,332,778.00 13,084,376,876.00 9,575,805,670.00
Total of liabilities and owners’
38,192,583,129.00 16,961,419,384.00 34,596,318,255.00 15,873,447,976.00
equity
7
4.2 Profit statement of the report period
Prepared by：Guangdong Electric Power Development Co., Ltd.
July-September 2011 Unit：RMB
Report period Same period of the previous year
Items
Consolidated Parent company Consolidated Parent company
I. Total operating income 4,029,756,060.00 981,176,708.00 3,413,683,082.00 839,687,263.00
Including：Operating income 4,029,756,060.00 981,176,708.00 3,413,683,082.00 839,687,263.00
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 4,244,256,671.00 1,320,642,492.00 3,272,800,137.00 801,825,264.00
Including：operating cost 3,656,434,911.00 892,011,125.00 2,995,136,315.00 740,085,619.00
Interest expense
Commission charge 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 27,620,835.00 7,856,357.00 -6,705,074.00 -15,752,759.00
Sales expenses 128,338.00 85,533.00 245,872.00 2,140.00
Administration expenses 125,921,340.00 31,558,190.00 158,213,121.00 31,989,664.00
Financial expenses 150,791,870.00 91,534,420.00 125,909,903.00 56,095,466.00
Losses of devaluation of assets 283,359,377.00 297,596,867.00 0.00 -10,594,866.00
Add：changing income of fair
value
Investment income 249,766,099.00 258,164,838.00 221,493,245.00 331,628,496.00
Including：Investment income on
affiliated company and joint
venture
Exchange income
III. Operating profit 35,265,488.00 -81,300,946.00 362,376,190.00 369,490,495.00
Add：non-operating income 1,651,213.00 505,953.00 13,645,422.00 476,662.00
less：non-operating expense 675,319.00 370,951.00 717,714.00 289,496.00
Including：disposal loss of
non-current assets
IV. Total profit 36,241,382.00 -81,165,944.00 375,303,898.00 369,677,661.00
Less：expense of income tax 50,393,827.00 -7,887,385.00 147,806,461.00 11,062,709.00
V. Net profit -14,152,445.00 -73,278,559.00 227,497,437.00 358,614,952.00
Net profit attributable to owner’s
97,842,300.00 -73,278,559.00 243,577,572.00 358,614,952.00
equity of parent company
Minority shareholders’ gains
-111,994,745.00 -16,080,135.00 0.00
and losses
8
VI. Earnings per share
（i）Basic earnings per share 0.03 0.09
（ii）Diluted earnings per share 0.03 0.09
VII. Other composite income -44,739,793.00 -44,739,793.00 16,417,095.00 16,417,095.00
VIII. Total composite income -58,892,238.00 -118,018,352.00 243,914,532.00 375,032,047.00
Total comprehensive income
attributable to owners of parent 53,102,507.00 -118,018,352.00 259,994,667.00 375,032,047.00
Company
Total comprehensive income
attributable to minority -111,994,745.00 0.00 -16,080,135.00 0.00
shareholders
4.3 Profit statement from Year-begin to period-end
Prepared by：Guangdong Electric Power Development Co., Ltd.
January-September 2011 Unit：RMB
Report period Same period of the previous year
Items
Consolidated Parent company Consolidated Parent company
I. Total operating income 10,500,517,745.00 2,662,996,273.00 9,664,694,482.00 2,500,014,312.00
Including：Operating income 10,500,517,745.00 2,662,996,273.00 9,664,694,482.00 2,500,014,312.00
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 10,626,445,549.00 3,023,419,789.00 9,147,781,924.00 2,361,819,826.00
Including：operating cost 9,453,683,019.00 2,360,994,372.00 8,355,989,415.00 2,119,545,132.00
Interest expense
Commission charge 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 64,556,914.00 16,924,857.00 7,337,567.00 -15,752,759.00
Sales expenses 454,295.00 259,522.00 448,099.00 59,945.00
Administration expenses 378,529,059.00 98,847,454.00 411,234,604.00 99,808,435.00
Financial expenses 445,862,885.00 248,796,717.00 349,380,508.00 170,592,873.00
Losses of devaluation of assets 283,359,377.00 297,596,867.00 23,391,731.00 -12,433,800.00
Add：changing income of fair
value
Investment income 548,450,832.00 837,752,191.00 456,728,297.00 708,383,743.00
Including：Investment income on
affiliated company and joint
venture
Exchange income
III. Operating profit 422,523,028.00 477,328,675.00 973,640,855.00 846,578,229.00
9
Add：non-operating income 8,470,952.00 2,062,055.00 17,368,255.00 2,038,064.00
less：non-operating expense 5,934,574.00 2,893,700.00 3,099,235.00 934,372.00
Including：disposal loss of
non-current assets
IV. Total profit 425,059,406.00 476,497,030.00 987,909,875.00 847,681,921.00
Less：expense of income tax 115,527,553.00 -9,464,637.00 276,363,111.00 39,369,281.00
V. Net profit 309,531,853.00 485,961,667.00 711,546,764.00 808,312,640.00
Net profit attributable to owner’s
415,491,040.00 485,961,667.00 674,090,856.00 808,312,640.00
equity of parent company
Minority shareholders’ gains
-105,959,187.00 37,455,908.00
and losses
VI. Earnings per share
（i）Basic earnings per share 0.15 0.25
（ii）Diluted earnings per share 0.15 0.25
VII. Other composite income -50,904,446.00 -50,904,446.00 -106,972,245.00 -106,972,245.00
VIII. Total composite income 258,627,407.00 435,057,221.00 604,574,519.00 701,340,395.00
Total comprehensive income
attributable to owners of parent 364,586,594.00 435,057,221.00 567,118,611.00 701,340,395.00
Company
Total comprehensive income
attributable to minority -105,959,187.00 37,455,908.00
shareholders
4.4 Cash flow statement from Year-begin to period-end
Prepared by：Guangdong Electric Power Development Co., Ltd.
January-September 2011 Unit：RMB
Report period Same period of the previous year
Items
Consolidated Parent company Consolidated Parent company
I. Cash flows from operating
activities
Cash received from sales of
12,463,136,911.00 3,181,743,593.00 10,529,510,502.00 2,831,019,730.00
goods or rending of services
Net increase of customer
deposits and capital kept for
brother company
Net increase of loans
from central bank
Net increase of inter-bank
loans from other financial
bodies
Cash received against
original insurance contract
Net cash received from
reinsurance business
Net increase of client
deposit and investment
Net increase of trade
financial asset disposal
10
Cash received as interest,
processing fee and
commission
Net increase of inter-bank
fund received
Net increase of repurchasing
business
Tax returned 4,656,151.00 148,145.00 4,946,948.00 2,062,826.00
Other cash received from
188,379,417.00 34,037,805.00 60,549,894.00 31,376,299.00
business operation
Sub-total of cash inflow 12,656,172,479.00 3,215,929,543.00 10,595,007,344.00 2,864,458,855.00
Cash paid for purchasing
9,312,141,914.00 2,254,259,204.00 7,322,392,394.00 1,876,550,113.00
of 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
733,933,972.00 235,312,242.00 657,314,137.00 204,798,718.00
for staffs
Taxes paid 906,072,080.00 229,863,503.00 835,024,414.00 263,774,539.00
Other cash paid for business
248,447,787.00 63,434,844.00 212,327,605.00 62,030,727.00
activities
Sub-total of cash outflow
11,200,595,753.00 2,782,869,793.00 9,027,058,550.00 2,407,154,097.00
from business activities
Cash flow generated by
1,455,576,726.00 433,059,750.00 1,567,948,794.00 457,304,758.00
business operation, net
II. Cash flow generated by
investing
Cash received from
439,354,800.00 439,354,800.00 107,087,025.00 107,087,025.00
investment retrieving
Cash received as investment
178,541,039.00 462,840,159.00 299,754,570.00 551,410,015.00
gains
Net cash retrieved from
disposal of fixed assets,
355,335,321.00 9,740.00 11,039,392.00 38,906.00
intangible assets, and other
long-term assets
Net cash received from
disposal of subsidiaries or
other operational units
Other investment-related
181,651,715.00 342,586.00 4,448,756.00 45,168,555.00
cash received
11
Sub-total of cash inflow due
1,154,882,875.00 902,547,285.00 422,329,743.00 703,704,501.00
to investment activities
Cash paid for construction
of fixed assets, intangible
2,840,023,646.00 57,269,938.00 2,525,492,122.00 32,566,844.00
assets and other long-term
assets
Cash paid as investment 875,673,725.00 1,944,197,084.00 528,383,775.00 1,124,566,575.00
Net increase of loan
against pledge
Net cash received from
subsidiaries and other
operational units
Other cash paid for
43,681,997.00 481,596.00 47,434,584.00 53,480.00
investment activities
Sub-total of cash outflow
3,759,379,368.00 2,001,948,618.00 3,101,310,481.00 1,157,186,899.00
due to investment activities
Net cash flow generated by
-2,604,496,493.00 -1,099,401,333.00 -2,678,980,738.00 -453,482,398.00
investment
III. Cash flow generated by
financing
Cash received as investment 490,344,145.00 1,050,022,300.00 810,400,000.00
Including : Cash received as
investment from minor
shareholders
Cash received as loans 11,288,520,641.00 4,420,000,000.00 12,831,160,597.00 4,800,000,000.00
Cash received from bond
placing
Other financing –related
14,499,403.00 11,266,666.00 12,465,937.00 12,346,993.00
ash received
Sub-total of cash inflow
11,793,364,189.00 4,431,266,666.00 13,893,648,834.00 5,622,746,993.00
from financing activities
Cash to repay debts 8,847,214,174.00 3,590,000,000.00 10,553,987,868.00 4,262,686,450.00
Cash paid as dividend,
1,269,050,013.00 538,189,426.00 1,282,619,959.00 763,681,207.00
profit, or interests
Including: Dividend and
profit paid by subsidiaries to
minor shareholders
Other cash paid for
56,519,372.00 6,518,000.00 787,287.00 787,287.00
financing activities
Sub-total of cash outflow
10,172,783,559.00 4,134,707,426.00 11,837,395,114.00 5,027,154,944.00
due to financing activities
Net cash flow generated by
1,620,580,630.00 296,559,240.00 2,056,253,720.00 595,592,049.00
financing
IV. Influence of exchange
rate alternation on cash and
cash equivalents
V.Net increase of cash and
471,660,863.00 -369,782,343.00 945,221,776.00 599,414,409.00
cash equivalents
12
Add: balance of cash and
cash equivalents at the 1,894,021,204.00 659,395,980.00 1,738,834,186.00 287,691,522.00
beginning of term
VI. Balance of cash and cash
2,365,682,067.00 289,613,637.00 2,684,055,962.00 887,105,931.00
equivalents at the end of term
4.5 Auditor’ report
Auditor’s opinions: Not audited
13
