广东电力发展股份有限公司 2013 年第一季度报告全文 Guangdong Electric Power Development Co., Ltd. The First Quarterly Report 2013 April 2013 1 广东电力发展股份有限公司 2013 年第一季度报告全文 1 Important Notice The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company hereby guarantees that there are no misstatement, misleading representation or important omissions in this report and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof. Mr.Pan Li, The Company leader, Mr. Li Xiaoqing, Chief financial officer and the Mr.Qin Jingdong, 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 . Other directors attended the meeting on examining the Annual except for the following directors. Name absent Title Reason of absence Name of entrusted director Liu Qian Director Due to business Hong Rongkun Zhong Weimin Director Due to business Hong Rongkun Rao Subo Director Due to business Lin Shizhuang Zhang Xueqiu Director Due to business Liu Tao . 2 广东电力发展股份有限公司 2013 年第一季度报告全文 II. Main financial data and changes of shareholders (1)Main financial data Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not. √Yes □ No Increase /decrease January-March 2012 January-March 2013 (%) Before adjustment After adjustment After adjustment Operating income(RMB) 6,418,273,058.00 3,933,102,585.00 6,515,777,800.00 -1.5% Net profit attributable to the shareholders 396,912,594.00 58,784,105.00 73,027,997.00 443.51% of the listed company(RMB) Net profit after deducting of non-recurring gain/loss attributable to the shareholders of 387,785,790.00 51,264,485.00 51,224,554.00 657.03% listed company(RMB) Cash flow generated by business operation, 2,155,357,143.00 772,285,337.00 1,697,486,715.00 26.97% net(RMB) Basic earning per share(RMB/Share) 0.091 0.021 0.017 435.29% Diluted gains per 0.091 0.021 0.017 435.29% share(RMB/Share)(RMB/Share) Weighted average return on equity 2.36% 0.57% 0.38% 1.98% (%) Increase /decrease December 31 ,2012 March 31, 2013 (%) Before adjustment After adjustment After adjustment Gross assets(RMB) 68,318,265,389.00 39,863,216,231.00 65,708,659,470.00 3.97% Net profit attributable to the shareholders 16,655,150,365.00 10,252,968,992.00 16,255,322,328.00 2.46% of the listed company(RMB) Items of non-current gains and losses √ applicable □ not applicable Unit:RMB Amount (Year-beginning to Non-recurring gain and loss items Notes(If applicable) the end of the report period.) Government subsidy recognized in current gain and loss(excluding those closely related to the Company’s business 2,722,000.00 and granted under the state’s policies) 3 广东电力发展股份有限公司 2013 年第一季度报告全文 Asset impairment provisions for force major such as natural -8,750,000.00 disasters Gain/loss on loans obtained by entrusting others 6,464,177.00 Other non-business income and expenditures other than the above 12,370,122.00 Influenced amount of income tax 1,328,094.00 Influenced amount of minor shareholders’ equity(After tax ) 2,351,401.00 Total 9,126,804.00 -- (2) Total number of shareholders at the end of report period and Particular about shares held by top ten shareholders Unit:Shares Total number of shareholders at the 114,468 end of report period Particular about shares held by top ten shareholders Amount of Pledging or freezing Share tradable shares Properties of Shareholder name proporti Quantity with Status of shareholder Quantity on % Conditional the shares held State-owned legal Guangdong Yudean Group Co., Ltd. 67.39% 2,948,297,867 1,715,872,525 person Shenzhen Guangfa Electric Power State-owned legal 2.33% 101,777,185 Investment Co., Ltd. person Guangdong Electric Power Development State-owned legal 1.8% 78,639,451 Company person China People’s Life Insurance Co., Ltd.- Domestic non Dividend Distribution-Individual dividend State-owned 0.71% 31,154,968 distribution-005L-FH002 Shen Legal person China Construction Bank-Penghua Value Domestic non Advantage Stock-linked State-owned 0.67% 29,163,105 Security Investment Fund Legal person GUOTAIJUNAN Overseas legal 0.5% 21,857,942 SECURITIES(HONGKONG) LIMITED person Construction Bank of China -Boshi Domestic non subject industry Stock Securities State-owned 0.42% 18,500,000 Investment funds Legal person CHINA INT'L CAPITAL CORP HONG Overseas legal 0.41% 18,126,865 KONG SECURITIES LTD person 4 广东电力发展股份有限公司 2013 年第一季度报告全文 Overseas legal GOLDEN CHINA MASTER FUND 0.39% 17,169,316 person Overseas legal Guoyuan Securities Broker (HK)Co., Ltd. 0.37% 16,162,938 person Shareholding of top 10 shareholders of unrestricted shares Quantity of unrestricted shares Share type Name of the shareholder held at the end of the reporting Share type Quantity period RMB Common Guangdong Yudean Group Co., Ltd. 1,232,425,342 shares RMB Common Shenzhen Guangfa Electric Power Investment Co., Ltd. 101,777,185 shares RMB Common Guangdong Electric Power Development Company 78,639,451 shares China People’s Life Insurance Co., Ltd.-Dividend Distribution- RMB Common 31,154,968 Individual dividend distribution-005L-FH002 Shen shares China Construction Bank-Penghua Value Advantage Stock-linked RMB Common 29,163,105 Security Investment Fund shares Foreign shares GUOTAIJUNAN SECURITIES(HONGKONG) LIMITED 21,857,942 placed in domestic exchange Construction Bank of China -Boshi subject industry Stock RMB Common 18,500,000 Securities Investment funds shares Foreign shares CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD 18,126,865 placed in domestic exchange Foreign shares GOLDEN CHINA MASTER FUND 17,169,316 placed in domestic exchange Foreign shares Guoyuan Securities Broker (HK)Co., Ltd. 16,162,938 placed in domestic exchange Guangdong Electric Power Development Co., Ltd. the Third Explanation on associated relationship among the aforesaid of the top 10 shareholders, is a subsidiary of Yudean Group, shareholders Which is the No.3 shareholder; its is unknown whether relationship exists between other shareholders. 5 广东电力发展股份有限公司 2013 年第一季度报告全文 III. Significant Events I. Particular about large-margin change of main accounting statement item and financial index and its reason. (1).Net profit increased by 443.51% year on year mainly due to fall of fuel price and the profit contribution made by five new subsidiaries to the Company after the completion of the significant asset reorganization. II.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. Time of Period Commitment making of Fulfillme Commitment Contents maker commitme commit nt nt ment Commitment on share reform Commitment in the acquisition report or the report on equity changes ①Yue Dian Li is the only platform of listing for integration of power generation assets in Yudean Group. ② After the completion of this reorganization, it is unsuitable to inject the remaining power generation assets in China controlled by Yudean Group due to various problems including imperfectness of procedures of examination and approval, status of profit making, provisions of cooperation agreement and use of land, except Yue Dian Li and the Guangdong Commitment made power generation assets controlled by it. According to the Under Yudean November upon the assets status of solution of the above-mentioned problems, Yudean 5 years fulfillme Group Co., 3, 2011 replacement Group will gradually inject the assets qualified for listing nt Ltd. into Yue Dian Li through assets merger and acquisition or reorganization in the next 5 years and finally realize the overall listing of its power generation assets in China. ③ During the injection of power generation assets into Yue Dian Li, Yudean Group will first support Yue Dian Li in respect of power supply project development, capital operation, assets merger and acquisition, etc. ④Yudean Group will continue to fulfill all commitments of 6 广东电力发展股份有限公司 2013 年第一季度报告全文 supporting the development of Yue Dian Li that were made by it before. Commitments made upon issuance 138,047,138 RMB ordinary shares (A shares) privately Guangdong issued by the Company to Guangdong Yudean Group Co., Other commitments Under Yudean Ltd., its controlling shareholder, were listed at Shenzhen May 25, made to minority 3 years fulfillme Group Co., Stock Exchange from May 25, 2010. Yudean Group 2010 shareholders nt Ltd. promised not to assign the stocks of Yue Dian Li owned by it within 36 months from the said day of listing. Executed timely or Yes not? Detailed person for failing to execute and None the next plan Make commitments on causing the problements of horizontal No competition and related-party transactions or not? Settlement period of Not applicable commitment Way of settlement Not applicable Fulfillment of Not applicable commitment III.Prediction of Business performance for January- June 2013. Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the warning of its material change compared with the corresponding period of the last year and explanation of reason. □Applicable √Not applicable IV. Securities investment Initial Number Shareho Number Shareho Book Gain. Stock Account Sauce Security Stock investm of lding of lding balance loss of Abbreviat ing of the category Code ent shares proporti shares proporti at the the ion items shares cost(RM held at on at the held at on at the end of reportin 7 广东电力发展股份有限公司 2013 年第一季度报告全文 B) the beginnin the end end of the g period beginnin g of the of the the reportin (RMB) g of the reportin reportin reportin g period reportin g g period g (RMB) g period( (shares) period( period(s %) %) hares) Financial Shen 16,949,67 50,232,00 assets a Stock 000027 Energy 8,400,000 0.32% 8,400,000 0.32% 0.00 Initiated 4.00 0.00 vailable f A or sale Finan cial assets SHENER 235,837,9 55,532,25 55,532,25 249,339,8 3,887,257 Transfere Stock 600642 1.28% 1.28% avail GY 87.50 0 0 02.50 .50 e able for sale 252,787,6 63,932,25 63,932,25 299,571,8 3,887,257 Total -- -- -- -- 61.50 0 0 02.50 .50 Notes V. The registration form of acceptance of investigation, communication and interview in the report period for future reference Date Place Mode Type Visitor Content of discussion and materials provided The company's current production of operation Office of the Onsite Guosen February 5, 2013 Organization conditions and the situation of the construction Company investigation Securities and development projects The company's current production of operation Office of the Onsite February 21, 2013 Organization Jiashi Fund conditions and the situation of the construction Company investigation and development projects The company's current production of operation Office of the Onsite Southern Fund February 22, 2013 Organization conditions and the situation of the construction Company investigation research and development projects The company's current production of operation Office of the Onsite Industrial February 27, 2013 Organization conditions and the situation of the construction Company investigation Securities and development projects The company's current production of operation Office of the Onsite February 27, 2013 Organization Boshi Fund conditions and the situation of the construction Company investigation and development projects 8 广东电力发展股份有限公司 2013 年第一季度报告全文 IV. Financial statement 一、 Financial statement 1. Consolidated Balance sheet Prepared by:Guangdong Electric Power Development Co., Ltd. Unit :RMB Items Year-end balance Year-beginning balance Current asset: Monetary fund 5,069,345,516.00 2,870,764,537.00 Settlement provision Outgoing call loan Trading financial assets Bill receivable Account receivable 3,269,527,199.00 3,059,549,427.00 Prepayments 1,387,415,248.00 1,109,012,578.00 Insurance receivable Reinsurance receivable Provisions of Reinsurance contracts receivable Interest receivable 4,270,655.00 1,818,495.00 Dividend receivable Other account receivable 376,182,448.00 710,718,239.00 Repurchasing of financial assets Inventories 2,322,508,166.00 1,839,022,991.00 Non-current asset due in 1 year Other current asset 1,299,970,269.00 1,571,152,356.00 Total of current assets 13,729,219,501.00 11,162,038,623.00 Non-current assets: Loans and payment on other’s behalf disbursed Disposable financial asset 299,571,803.00 295,684,545.00 Expired investment in possess Long-term receivable 355,850,178.00 360,202,625.00 9 广东电力发展股份有限公司 2013 年第一季度报告全文 Long term share equity investment 6,147,998,999.00 5,998,133,180.00 Property investment 11,315,729.00 11,474,629.00 Fixed assets 40,997,968,392.00 38,449,069,665.00 Construction in progress 4,360,573,983.00 7,300,925,262.00 Engineering material 298,154,201.00 303,125,786.00 Fixed asset disposal 47,757,126.00 1,462,082.00 Production physical assets Gas & petrol Intangible assets 1,523,759,630.00 1,193,080,413.00 R & D petrol Goodwill Long-germ expenses to be amortized Differed income tax asset 62,515,257.00 76,814,134.00 Other non-current asset 483,580,590.00 556,648,526.00 Total of non-current assets 54,589,045,888.00 54,546,620,847.00 Total of assets 68,318,265,389.00 65,708,659,470.00 Current liabilities Short-term loans 12,729,500,000.00 13,573,100,000.00 Loan from Central Bank Deposit received and hold for others Call loan received Trade off financial liabilities Bill payable 1,749,753,123.00 1,308,493,869.00 Account payable 3,327,882,600.00 3,233,698,785.00 Advance payment 2,057,157.00 1,142,996.00 Selling of repurchased financial assets Fees and commissions receivable Employees’ wage payable 242,158,022.00 186,520,319.00 Tax payable 469,506,948.00 550,331,980.00 Interest payable 118,793,308.00 143,696,116.00 Dividend payable 12,138,535.00 12,488,428.00 Other account payable 3,578,536,028.00 3,456,801,202.00 10 广东电力发展股份有限公司 2013 年第一季度报告全文 Reinsurance fee payable Insurance contract provision Entrusted trading of securities Entrusted selling of securities Non-current liability due in 1 year 2,627,213,698.00 1,850,200,316.00 Other current liability 1,307,624,401.00 Total of current liability 26,165,163,820.00 24,316,474,011.00 Non-current liabilities: Long-term loan 13,815,237,996.00 14,786,327,736.00 Bond payable 3,187,740,325.00 1,994,144,734.00 Long-term payable 2,388,072,678.00 2,515,664,982.00 Special payable 16,671,673.00 16,904,604.00 Expected liabilities Differed income tax liability 3,028,916.00 2,057,101.00 Other non-current liabilities 101,966,109.00 102,329,774.00 Differed income 19,512,717,697.00 19,417,428,931.00 Total of liability 45,677,881,517.00 43,733,902,942.00 Owners’ equity Share capital 4,375,236,655.00 4,375,236,655.00 Capital reserves 5,028,204,499.00 5,025,289,056.00 Less:Shares in stock Special reserves Surplus reserves 3,955,568,618.00 3,955,568,618.00 Common risk provision Undistributed profit 3,296,140,593.00 2,899,227,999.00 Different of foreign currency translation Total of owner’s equity belong to 16,655,150,365.00 16,255,322,328.00 the parent company Minority shareholders’ equity 5,985,233,507.00 5,719,434,200.00 Total of owners’ equity 22,640,383,872.00 21,974,756,528.00 Total of liabilities and owners’ 68,318,265,389.00 65,708,659,470.00 equity Legal representative :Pan Li Person-in-charge of the accounting work:Li Xiaoqing Person-in -charge of the accounting organ:Qin Jingdong 11 广东电力发展股份有限公司 2013 年第一季度报告全文 2. Balance sheet of the Parent Company Unit:RMB Items Year-end balance Year-beginning balance Current asset: Monetary fund 1,174,372,068.00 373,626,540.00 Trading financial assets Bill receivable Account receivable 338,412,561.00 269,908,526.00 Prepayments 221,999,274.00 222,709,377.00 Interest receivable 3,298,441.00 1,282,187.00 Dividend receivable 9,155,096.00 9,155,096.00 Other account receivable 137,239,874.00 571,884,980.00 Inventories 144,709,511.00 142,126,173.00 Non-current asset due in 1 year Other current asset 86,670,258.00 99,887,231.00 Total of current assets 2,115,857,083.00 1,690,580,110.00 Non-current assets: Disposable financial asset 299,571,803.00 295,684,545.00 Expired investment in possess Long-term receivable 253,200,000.00 258,780,000.00 Long term share equity investment 19,203,082,826.00 18,675,217,008.00 Property investment 11,315,729.00 11,474,629.00 Fixed assets 1,202,873,511.00 1,111,673,900.00 Construction in progress 47,498,478.00 128,218,795.00 Engineering material Fixed asset disposal 17,645,045.00 Production physical assets Gas & petrol Intangible assets 103,493,925.00 104,363,622.00 R & D petrol Goodwill Long-germ expenses to be amortized Differed income tax asset Other non-current asset 102,000,000.00 12 广东电力发展股份有限公司 2013 年第一季度报告全文 Total of non-current assets 21,138,681,317.00 20,687,412,499.00 Total of assets 23,254,538,400.00 22,377,992,609.00 Current liabilities Short-term loans 1,600,000,000.00 2,464,100,000.00 Trade off financial liabilities Bill payable 100,000,000.00 180,000,000.00 Account payable 369,997,339.00 425,185,891.00 Advance payment Employees’ wage payable 54,156,111.00 35,754,954.00 Tax payable 24,035,856.00 15,624,389.00 Interest payable 22,632,411.00 107,224,999.00 Dividend payable 7,208,869.00 7,558,762.00 Other account payable 155,303,856.00 120,858,146.00 Non-current liability due in 1 year 920,000,000.00 40,000,000.00 Other current liability 604,452,000.00 Total of current liability 3,857,786,442.00 3,396,307,141.00 Non-current liabilities: Long-term loan 329,000,000.00 1,229,000,000.00 Bond payable 3,187,740,325.00 1,994,144,734.00 Long-term payable Special payable Expected liabilities Differed income tax liability 3,028,916.00 2,057,101.00 Other non-current liabilities 29,331,378.00 27,066,924.00 Total of Non-current liabilities 3,549,100,619.00 3,252,268,759.00 Total of liability 7,406,887,061.00 6,648,575,900.00 Owners’ equity Share capital 4,375,236,655.00 4,375,236,655.00 Capital reserves 5,620,774,978.00 5,617,859,535.00 Less:Shares in stock Special reserves Surplus reserves 3,955,568,618.00 3,955,568,618.00 Undistributed profit 1,896,071,088.00 1,780,751,901.00 Different of foreign currency 13 广东电力发展股份有限公司 2013 年第一季度报告全文 translation Total of owners’ equity 15,847,651,339.00 15,729,416,709.00 Total of liabilities and owners’ 23,254,538,400.00 22,377,992,609.00 equity Legal representative :Pan Li Person-in-charge of the accounting work:Li Xiaoqing Person-in -charge of the accounting organ:Qin Jingdong 3. Consolidated Profit statement Unit:RMB Items Report period Same period of the previous year I. Income from the key business 6,418,273,058.00 6,515,777,800.00 Incl:Business income 6,418,273,058.00 6,515,777,800.00 Interest income Insurance fee earned Fee and commission received II. Total business cost 5,764,192,077.00 6,415,872,083.00 Incl:Business cost 5,042,176,688.00 5,750,746,686.00 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 24,573,354.00 22,776,512.00 Sales expense 1,025,856.00 396,386.00 Administrative expense 184,263,481.00 171,424,027.00 Financial expenses 503,402,698.00 470,528,472.00 Asset impairment loss 8,750,000.00 Add:Gains from change of fir value (“-”for loss) Investment gain(“-”for loss) 132,329,994.00 74,557,986.00 Incl: investment gains from affiliates Gains from currency exchange (“-”for loss) 14 广东电力发展股份有限公司 2013 年第一季度报告全文 III. Operational profit(“-”for loss 786,410,975.00 174,463,703.00 Add:Non-business income 15,391,290.00 1,821,281.00 Less:Non business expenses 299,168.00 371,135.00 Incl:Loss from disposal of non-current assets IV.Total profit(“-”for loss) 801,503,097.00 175,913,849.00 Less:Income tax expenses 180,791,196.00 56,653,213.00 V. Net profit(“-”for net loss 620,711,901.00 119,260,636.00 Including: Net profit realized by the entity taken over before the takeover Net profit attributable to the 396,912,594.00 73,027,997.00 owners of parent company Minority shareholders’ equity 223,799,307.00 46,232,639.00 VI. Earnings per share: -- -- (I)Basic earnings per share 0.091 0.017 (II)Diluted earnings per share 0.091 0.017 VII. Other comprehensive income 2,915,443.00 -11,812,281.00 VIII. Total comprehensive income 623,627,344.00 107,448,355.00 Total comprehensive income attributable to the owner of the 399,828,037.00 61,215,716.00 parent company Total comprehensive income 223,799,307.00 46,232,639.00 attributable minority shareholders Legal representative :Pan Li Person-in-charge of the accounting work:Li Xiaoqing Person-in -charge of the accounting organ:Qin Jingdong 4. Profit statement of the Parent Company Unit:RMB Items Report period Same period of the previous year I. Income from the key business 682,072,901.00 819,154,778.00 Incl:Business cost 699,167,320.00 857,657,992.00 Business tax and surcharge 4,178,881.00 3,823,458.00 Sales expense 92,611.00 163,291.00 Administrative expense 31,690,580.00 33,690,399.00 Financial expenses 89,707,349.00 92,449,880.00 Asset impairment loss 15 广东电力发展股份有限公司 2013 年第一季度报告全文 Add:Gains from change of fir value (“-”for loss) Investment gain(“-”for loss) 132,379,994.00 56,885,516.00 Incl: investment gains from affiliates II. Operational profit(“-”for loss 115,285,575.00 18,382,302.00 Add:Non-business income 61,731.00 24,000.00 Less:Non business expenses 28,119.00 282,880.00 Incl:Loss from disposal of non-current assets III.Total profit(“-”for loss) 115,319,187.00 18,123,422.00 Less:Income tax expenses IV. Net profit(“-”for net loss) 115,319,187.00 18,123,422.00 V. Earnings per share: -- -- (I)Basic earnings per share 0 0 (II)Diluted earnings per share 0 0 VI. Other comprehensive income 2,915,443.00 -11,812,281.00 VII. Total comprehensive income 118,234,630.00 6,311,141.00 Legal representative :Pan Li Person-in-charge of the accounting work:Li Xiaoqing Person-in -charge of the accounting organ:Qin Jingdong 5. Consolidated Cash flow statement Unit :RMB Items Report period Same period of the previous year I.Cash flows from operating activities Cash received from sales of goods or 7,300,481,021.00 7,808,301,822.00 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 16 广东电力发展股份有限公司 2013 年第一季度报告全文 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 6,577,956.00 3,112,290.00 Other cash received from business 158,001,360.00 69,492,104.00 operation Sub-total of cash inflow 7,465,060,337.00 7,880,906,216.00 Cash paid for purchasing of 4,266,402,141.00 5,413,519,810.00 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 339,933,610.00 305,238,508.00 Taxes paid 519,614,446.00 357,783,922.00 Other cash paid for business 183,752,997.00 106,877,261.00 activities Sub-total of cash outflow from 5,309,703,194.00 6,183,419,501.00 business activities Cash flow generated by business 2,155,357,143.00 1,697,486,715.00 operation, net II.Cash flow generated by investing Cash received from investment 26,000,000.00 retrieving Cash received as investment gains 16,101,227.00 5,373,808.00 Net cash retrieved from disposal of fixed assets, intangible assets, and other 6,480,349.00 long-term assets 17 广东电力发展股份有限公司 2013 年第一季度报告全文 Net cash received from disposal of subsidiaries or other operational units Net cash received from disposal of 424,524,945.00 subsidiaries or other operational units Sub-total of cash inflow due to 440,626,172.00 37,854,157.00 investment activities Cash paid for construction of fixed assets, intangible assets and other 656,004,884.00 778,968,820.00 long-term assets Cash paid as investment 24,000,000.00 Net increase of loan against pledge Net cash received from subsidiaries and other operational units Other cash paid for investment 130,000.00 activities Sub-total of cash outflow due to 680,004,884.00 779,098,820.00 investment activities Net cash flow generated by investment -239,378,712.00 -741,244,663.00 III.Cash flow generated by financing Cash received as investment 42,000,000.00 90,332,375.00 Incl: Cash received as investment from minor shareholders Cash received as loans 7,037,270,000.00 5,438,669,589.00 Cash received from bond placing Other financing –related ash received Sub-total of cash inflow from 7,079,270,000.00 5,529,001,964.00 financing activities Cash to repay debts 6,113,055,056.00 5,786,384,102.00 Cash paid as dividend, profit, or 683,612,397.00 737,554,910.00 interests Incl: Dividend and profit paid by subsidiaries to minor shareholders Other cash paid for financing activities -1.00 25,996,875.00 Sub-total of cash outflow due to 6,796,667,452.00 6,549,935,887.00 financing activities Net cash flow generated by financing 282,602,548.00 -1,020,933,923.00 IV. Influence of exchange rate 18 广东电力发展股份有限公司 2013 年第一季度报告全文 alternation on cash and cash equivalents V.Net increase of cash and cash 2,198,580,979.00 -64,691,871.00 equivalents Add: balance of cash and cash 2,870,764,537.00 4,040,520,194.00 equivalents at the beginning of term VI.Balance of cash and cash equivalents 5,069,345,516.00 3,975,828,323.00 at the end of term Legal representative :Pan Li Person-in-charge of the accounting work:Li Xiaoqing Person-in -charge of the accounting organ:Qin Jingdong 6. Cash flow statement of the Parent Company Unit:RMB Items Report period Same period of the previous year I.Cash flows from operating activities Cash received from sales of goods or 741,437,793.00 919,752,220.00 rending of services Tax returned Other cash received from business 24,600,574.00 9,471,145.00 operation Sub-total of cash inflow 766,038,367.00 929,223,365.00 Cash paid for purchasing of 473,438,991.00 555,605,899.00 merchandise and services Cash paid to staffs or paid for staffs 90,387,551.00 69,993,430.00 Taxes paid 29,115,300.00 30,474,588.00 Other cash paid for business 24,468,100.00 19,912,583.00 activities Sub-total of cash outflow from 617,409,942.00 675,986,500.00 business activities Cash flow generated by business 148,628,425.00 253,236,865.00 operation, net II.Cash flow generated by investing Cash received from investment 26,000,000.00 retrieving Cash received as investment gains 16,101,227.00 6,750,912.00 Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets Net cash received from disposal of 19 广东电力发展股份有限公司 2013 年第一季度报告全文 subsidiaries or other operational units Other cash receivable for investment 422,469,978.00 activities Sub-total of cash inflow due to 438,571,205.00 32,750,912.00 investment activities Cash paid for construction of fixed assets, intangible assets and other 50,799,314.00 44,907,358.00 long-term assets Cash paid as investment 300,000,000.00 261,945,021.00 Net cash received from subsidiaries and other operational units Other cash paid for investment 60,000.00 activities Sub-total of cash outflow due to 350,799,314.00 306,912,379.00 investment activities Net cash flow generated by investment 87,771,891.00 -274,161,467.00 III.Cash flow generated by financing Cash received as loans Cash received from bond placing 2,247,900,000.00 1,184,100,000.00 Other financing –related ash received Sub-total of cash inflow from financing activities Cash to repay debts 2,247,900,000.00 1,184,100,000.00 Cash paid as dividend, profit, or 1,514,100,700.00 1,030,000,000.00 interests Other cash paid for financing activities 169,454,088.00 180,105,525.00 Sub-total of cash outflow due to 383,348.00 financing activities Net cash flow generated by financing 1,683,554,788.00 1,210,488,873.00 IV. Influence of exchange rate 564,345,212.00 -26,388,873.00 alternation on cash and cash equivalents V.Net increase of cash and cash equivalents Add: balance of cash and cash 800,745,528.00 -47,313,475.00 equivalents at the beginning of term VI.Balance of cash and cash equivalents 373,626,540.00 417,749,940.00 at the end of term 20 广东电力发展股份有限公司 2013 年第一季度报告全文 1,174,372,068.00 370,436,465.00 Legal representative :Pan Li Person-in-charge of the accounting work:Li Xiaoqing Person-in -charge of the accounting organ:Qin Jingdong 二、 Auditor's report If the interim report is audited □ Yes√ No 21