广东电力发展股份有限公司 2014 年第三季度报告全文
Guangdong Electric Power Development Co., Ltd.
The Third Quarterly Report 2014
October 2014
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广东电力发展股份有限公司 2014 年第三季度报告全文
1 Important notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the 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
Hong Rongkun Director Due to business Gao Shiqiang
Zhong Weimin Director Due to business Yang Xinli
Li Mingliang Director Due to business Yao Jiheng
Zhu Dejun Director Due to business Kong Huitian
Zhang Xueqiu Director Due to business Liu Tao
Mr. Pan Li, Person in charge of the Company, Mr.Li Xiaoqing , Person in charge of accounting works, Mr. Qin
Jingdong ,CFO as well as person in charge of accounting institution represent and warrant the financial and
accounting report in the Third quarterly report is true and complete.
Should there be any inconsistency between the Chinese and English versions, the Chinese version shall prevail.
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广东电力发展股份有限公司 2014 年第三季度报告全文
II.Main financial data and changes of shareholders
（1）Main accounting 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
As at the end of the Changed（%）over end of prev.
As at the end of last year
reporting period year
Gross assets（RMB） 67,862,857,506.00 67,918,719,035.00 -0.08%
Net assets attributable to the shareholders
20,722,596,921.00 19,054,914,050.00 8.75%
of the listed company（RMB）
Increase/decrease
January 1, 2013 to
over the same Changed （%）over
Reporting period September
period of last year end of prev. year
30,2013
（%）
Operating income（RMB） 7,751,442,759.00 -9.46% 22,722,756,405.00 -1.67%
Net profit attributable to the shareholders
879,418,818.00 -24.87% 2,523,879,364.00 -0.16%
of the listed company（RMB）
Net profit after deducting of
non-recurring gain/loss attributable to the 897,780,181.00 -22.66% 2,546,927,169.00 0.82%
shareholders of listed company（RMB）
Cash flow generated by business
-- -- 6,860,443,357.00 -8.92%
operation, net（RMB）
Basic earning per share(RMB/Share) 0.20 -25.93% 0.577 -0.17%
Diluted gains per
0.20 -25.93% 0.577 -0.17%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio（%） 4.43% -2.12% 12.71% -1.81%
Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Amount (Year-beginning
Items to the end of the report Notes
period.)
Non-current asset disposal gain/loss(including the write-off part for which assets
-45,852,139.00
impairment provision is made)
Govemment subsidy recognized in current gain and loss(excluding those closely
7,828,462.00
related to the Company’s business and granted under the state’s policies)
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广东电力发展股份有限公司 2014 年第三季度报告全文
Asset impairment provisions due to acts of God such as natural disasters -6,137,712.00
Gain/loss investment of Commission 607,511.00
Other gain/loss items satisfying the definition of non-recurring gain/loss account -4,576,534.00
Less: Amount of influence of income tax -12,572,687.00
Influenced amount of minority shareholders’ equity(After tax) -12,509,920.00
Total -23,047,805.00 --
For the Company’s 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.
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广东电力发展股份有限公司 2014 年第三季度报告全文
(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
113,279
end of report period
Particular about shares held by top ten shareholders
Amount of Pledging or
Share
Properties of tradable shares freezing
Shareholder name proportion Quantity
shareholder with Conditional Status of Quantit
%
held the shares y
State-owned legal
Guangdong Yudean Group Co., Ltd. 67.39% 2,948,337,737 1,577,865,257
person
Shenzhen Guangfa Electric Power State-owned legal
2.33% 101,777,185
Investment Co., Ltd. person
Guangdong Province Electric Power State-owned legal
1.80% 78,639,451
Development Company person
China Construction Bank－Penghua Value Domestic non
Advantage Stock-linked State-owned 0.65% 28,304,734
Security Investment Fund Legal person
Domestic Natural
Li Zhuo 0.47% 20,347,004
person
Foreign legal
NORGES BANK 0.41% 18,149,079
person
GUOTAI JUNAN Foreign legal
0.41% 17,744,098
SECURITIES(HONGKONG) LIMITED person
GREENWOODS CHINA ALPHA Foreign legal
0.39% 16,865,738
MASTER FUND person
BBH A/C VANGUARD EMERGING Foreign legal
0.30% 13,330,537
MARKETS STOCK INDEX FUND person
Foreign legal
GOLDEN CHINA MASTER FUND 0.30% 13,084,390
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 Quantit
Share type
period y
Guangdong Yudean Group Co., Ltd. 1,370,472,480 RMB Common shares
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广东电力发展股份有限公司 2014 年第三季度报告全文
Shenzhen Guangfa Electric Power Investment Co., Ltd. 101,777,185 RMB Common shares
Guangdong Province Electric Power Development
78,639,451 RMB Common shares
Company
China Construction Bank－Penghua Value Advantage
28,304,734 RMB Common shares
Stock-linked Security Investment Fund
Li Zhuo 20,347,004 RMB Common shares
Foreign shares placed in
NORGES BANK 18,149,079
domestic exchange
Foreign shares placed in
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 17,744,098
domestic exchange
Foreign shares placed in
GREENWOODS CHINA ALPHA MASTER FUND 16,865,738
domestic exchange
BBH A/C VANGUARD EMERGING MARKETS STOCK Foreign shares placed in
13,330,537
INDEX FUND domestic exchange
Foreign shares placed in
GOLDEN CHINA MASTER FUND 13,084,390
domestic exchange
The third largest shareholder Guangdong Electric Power
Development Co., Ltd.. is the wholly-owned subsidiaries of the
Explanation on associated relationship
largest shareholder Yudean Group. These two companies have
among the aforesaid shareholders
relationships; whether the other shareholders have relationships or
unanimous acting was unknown.
Participation of top 10 unconditional common share Li Zhuo. holds19,293,297 A shares of the Company through stock
account with credit transaction and guarantee and holds1,053,707
A shares through ordinary stock account. holds 20,347,004 shares
shareholders in securities margin trading (if any) of the Company's stock totally.
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes √ No
No agreed re-purchasing is performed by the Company’s shareholders in the report period.
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广东电力发展股份有限公司 2014 年第三季度报告全文
III Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
√ Applicable □ Not applicable
(1)The effect on accounting statement by the change of accounting policies
In 2014, the Ministry of Finance revised "Accounting Standards for Enterprises No. 2 - Long-term Equity
Investments", "Accounting Standards for Enterprises No.9 - Wages and Salaries of Employees", "the Accounting
Standards for Enterprises No. 30 - Presentation of Financial Statements", "Accounting Standards for Enterprises
No. 33 - Consolidated Financial Statements", and issued "Accounting Standards for Enterprises No. 39 - Fair
Value of Measurement", "Accounting Standards for Enterprises No. 40 - Joint Venture Arrangement",
"Accounting Standards for Enterprises No. 41 - Disclosure of Interests in Other Entities", and other regulations
that would take effect from Jul. 1st, 2014.
Based on the Regulations, our company began to execute the new Accounting Standards form Jul. 1st, 2014, and
adjusted relevant items and amounts.
1, About execution of "Accounting Standards for Enterprises No. 2 - Long-term Equity Investments"
In accordance with "Accounting Standards for Enterprises No. 2 - Long-term Equity Investments", to those
equity investments over which our company did not have control, joint control and significant influence, and
whose fair value cannot be reliably measured, our company didn't list on the long-term equity investments subject,
and turned it into salable financial assets subject for the accounting, and adjusted it under Retrospective
Application principle.
Table 1: Influence on consolidated financial statement by the change of long-term equity investments standards.
In RMB
December 31, 2013
The units to be invested Adjusted events
Long-term Equity Equity attributes
investment (+/-) to the shareholde
Financial assets
rs
available for sale;
of the parent co
(+/-) mpany (+/-)
Sunshine Insurance Holding Co., Ltd. Accounting subjects from -356,000,000 356,000,000 -
Shenzhen Chuangxin Technology long-term equity -115,000,000 115,000,000 -
Investment Co., Ltd. investments turn into
South Sea Wind Power Unit salable financial assets -30,000,000 30,000,000 -
Development under Retrospective
Application principle.
GMG International Tendering Co.,Ltd. -3,600,000 3,600,000 -
Total -- -504,600,000 504,600,000 -
The change of accounting policies only affected the salable financial assets subject and long-term equity
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广东电力发展股份有限公司 2014 年第三季度报告全文
investments subject; it didn't have effect on our company's financial condition, the results of operations and cash
flows in 2013.
2, With the execution of relevant standards of "the Accounting Standards for Enterprises No. 30 - Presentation
of Financial Statements”, it revised subjects on financial statements, including other comprehensive income in the
profit statement was divided into two subjects: items could be divided into profit and loss statement in the future
accounting periods when meeting requirements and items couldn't be divided into profit and loss statement in the
future accounting periods.
3, With the execution of accounting standards of "Accounting Standards for Enterprises No.9 - Wages and
Salaries of Employees", "Accounting Standards for Enterprises No. 33 - Consolidated Financial Statements",
"Accounting Standards for Enterprises No. 39 - Fair Value of Measurement", "Accounting Standards for
Enterprises No. 40 - Joint Venture Arrangement", and "Accounting Standards for Enterprises No. 41 - Disclosure
of Interests in Other Entities", the change of these accounting policies didn't have significant effect on our
company's financial statements in 2013 and this term.
Summing up the above, following the changed accounting policy, our company have been executed the
accounting standards revised and issued by Ministry of Finance in 2014 like "Accounting Standards for
Enterprises No. 2 - Long-term Equity Investments", "the Accounting Standards for Enterprises No. 30 -
Presentation of Financial Statements". The changed accounting policies would not have significant effect on our
company's profits and losses in the first half of this year and the previous years.
（2）Situation of changes in key financial indicators and explanations
In RMB
Items Proportion Notes to reasons for change
As at the end of the As at the end of last
of increase
reporting period year
or decrease
Monetary fund 5,772,022,467.00 4,377,311,176.00 31.86% Due to cash flows from operating
activities increased
Other account receivable 133,381,736.00 327,650,307.00 -59.29% Received advance payments and
government subsidy payments
Other current asset 564,680,000.00 1,057,135,500.00 -46.58% Taxes to be deductible reduced
Fixed asset disposal 165,541,535.00 2,588,660.00 6294.87% Disposal the scrapped equipment affected
by typhoon damage
Other Non-current asset 2,166,315,889.00 1,667,947,551.00 29.88% DUE to the equipment prepayment
increased
Account payable 1,672,731,989.00 2,743,864,659.00 -39.04% Unpaid fuel payments at the end period
decreased
Other current liability 402,240,000.00 1,348,750,493.00 -70.18% Repay short-term financing bills in current
period
Bonds payable 1,194,838,690.00 3,190,970,481.00 -62.56% Bonds payable due within one year
reclassified to current liabilities
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广东电力发展股份有限公司 2014 年第三季度报告全文
Items Amount Same period of the Proportion Notes to reasons for change
(Year-beginning to the previous year of increase
end of the report or decrease
period.)
Operating income 22,722,756,405.00 23,107,982,409.00 -1.67% Tariff reduction influence decreased
Operating cost 16,435,871,791.00 17,042,301,470.00 -3.56% Impact of the decline in coal decreased
Administration expenses 606,895,927.00 629,678,682.00 -3.62%
Financial expenses 1,348,745,153.00 1,451,169,604.00 -7.06% Loan size decreased year-on-year
Investment income 505,659,618.00 615,933,756.00 -17.9% Profit of part of the investment units
declined
Income tax expenses 1,027,647,907.00 909,951,065.00 12.93% Mainly affected by the increase in
operating profit
Cash flow generated by business 6,860,443,357.00 7,532,140,641.00 -8.92%
operation, net
Net cash flow generated by -2,829,431,950.00 -1,718,501,150.00 64.65 Cash payment for acquisition of assets
financing increased
Net cash flows from financing -2,636,300,116.00 -2,968,792,886.00 -11.2%
activities
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
□ Applicable√ Not applicable
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广东电力发展股份有限公司 2014 年第三季度报告全文
III．The commitments of the Company and its shareholders holding over 5% of the Company’s total shares in the
report year of extending to the report year from previous year.
√ Applicable □ Not applicable
Time of
Commit Period of
making Fulfillme
Commitment ment Contents commitme
commit nt
maker nt
ment
Commitment on share
reform
Commitment in the
acquisition report or the
report on equity changes
Commitment made Yue Dian Li is the only quoted platform of Yudean Group’s Novemb Within 5
upon the assets electricity asset integration within the boundary. ② Except er 3, years afte
replacement Yue Dian Li and the electricity assets controlled by it, within 5 2011 r the com
years after the last recombination is done, Yudean Group will pletion of
pump the assets which meet the conditions of launching after major as
reformation into Yue Dian Li gradually through purchasing and set reorga
recombination and other ways, according to the situation of nization
Guangd solutions to different problems, e.g. the imperfect examination
ong and approval procedures, the situation of profitability, Under
Yudean cooperation agreement and land utilization. ③ At the aspects fulfillmen
Group of the development of power project and assets purchasing, t
Co., Ltd. Yudean Group provides the priority for Yue Dian Li choose. If
Yue Dian Li gives up development and purchasing, Guangkong
Group will join Yue Dian Li under the situation that the project
is completed and put into production, and that the purchase is
done and the project meets the conditions of listing.For details,
see June 5, 2014, published in the designated media "Announc
ement of Guangdong Electric Power Development Co.,Ltd. ma
tters related to commitments"
Commitments made
upon issuance
Other commitments
made to minority
shareholders
Executed timely or not? No
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广东电力发展股份有限公司 2014 年第三季度报告全文
IV．Prediction of Business performance for 2014.
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
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广东电力发展股份有限公司 2014 年第三季度报告全文
V. Investment in Securities
□ Applicable √ Not applicable
There is no securities investment during the report period.
State of holding stocks of other PLCs
√ Applicable □ Not applicable
Nam Type Initial Number of Sharehol Sharehol Book balance at
e investment shares held at the ding ding the end of the
Number of
cost(RMB) beginning of the proportio proportio reporting period
shares held
reporting n at the n at the (RMB) Gain/loss of Sauce
at the end of Accountin
period(shares) beginnin end of the reporting of the
the reporting g items
g of the the period (RMB) shares
period
reporting reporting
(shares)
period(% period(%
) )
Othe 15,890,628.00 8,400,000 0.32% 8,400,000 0.32% 60,228,000.00 2,100,000.00 Financial
Shen
r assets Initiat
Ener
available ed
gy A
for sale
Othe 235,837,987.50 55,532,250 1.22% 55,532,250 1.22% 263,778,187.50 11,110,000.00 Financial
Shen r assets Transf
ergy available eree
for sale
Total 251,728,615.50 63,932,250 -- 63,932,250 -- 324,006,187.50 13,210,000.00 -- --
VI. Derivative investment
□ Applicable √ Not applicable
There is no derivative investment during the report period.
VII. The registration form of acceptance of investigation, communication and interview in the report period for
future reference
√ Applicable □ Not applicable
Content of discussion and
Date Place Mode Type Visitor
materials provided
March 7, 2014 Office of the Onsite Organization CICC The company's current
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广东电力发展股份有限公司 2014 年第三季度报告全文
Company investigation production of operation
conditions and the situation
of the construction
and development projects
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广东电力发展股份有限公司 2014 年第三季度报告全文
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 5,772,022,467.00 4,377,311,176.00
Settlement provision
Outgoing call loan
Financial assets measured at fair value with variations accounted
into current income account
Bill receivable 1,800,000.00
Account receivable 2,960,490,130.00 3,266,445,752.00
Prepayments 1,306,608,737.00 1,497,883,626.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable 3,842,461.00 5,788,038.00
Dividend receivable
Other account receivable 133,381,736.00 327,650,307.00
Repurchasing of financial assets
Inventories 1,713,433,766.00 1,603,646,410.00
Assets held for sales
Non-current asset due in 1 year
Other current asset 564,680,000.00 1,057,135,500.00
Total of current assets 12,454,459,297.00 12,137,660,809.00
Non-current assets：
Loans and payment on other’s behalf disbursed
Disposable financial asset 828,606,188.00 803,471,738.00
Expired investment in possess
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广东电力发展股份有限公司 2014 年第三季度报告全文
Long-term receivable 118,217,904.00 114,478,124.00
Long term share equity investment 6,497,382,664.00 6,520,416,544.00
Property investment 10,362,331.00 10,839,031.00
Fixed assets 39,343,293,867.00 41,524,036,240.00
Construction in progress 5,017,266,790.00 3,883,361,454.00
Engineering material 2,157,295.00 2,229,432.00
Fixed asset disposal 165,541,535.00 2,588,660.00
Production physical assets
Gas & petrol
Intangible assets 1,197,101,460.00 1,201,873,048.00
R & D petrol 367,521.00
Goodwill 2,449,886.00 2,449,886.00
Long-germ expenses to be amortized 3,492,529.00 324,905.00
Differed income tax asset 55,842,350.00 47,041,613.00
Other non-current asset 2,166,315,889.00 1,667,947,551.00
Total of non-current assets 55,408,398,209.00 55,781,058,226.00
Total of assets 67,862,857,506.00 67,918,719,035.00
Current liabilities
Short-term loans 7,737,000,000.00 9,361,000,000.00
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
Bill payable 447,000,000.00 1,523,123,018.00
Account payable 1,672,731,989.00 2,743,864,659.00
Advance payment 1,942,929.00 1,084,177.00
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 319,231,974.00 162,241,634.00
Tax payable 672,589,757.00 797,347,744.00
Interest payable 334,304,508.00 188,370,219.00
Dividend payable 12,899,763.00 12,558,757.00
Other account payable 2,767,974,997.00 3,430,874,713.00
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广东电力发展股份有限公司 2014 年第三季度报告全文
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 4,268,598,121.00 2,090,742,188.00
Other current liability 402,240,000.00 1,348,750,493.00
Total of current liability 18,636,514,038.00 21,659,957,602.00
Non-current liabilities：
Long-term loan 18,523,375,979.00 15,272,003,561.00
Bond payable 1,194,838,690.00 3,190,970,481.00
Long-term payable 2,370,219,003.00 2,088,355,894.00
Special payable 5,753,162.00 10,779,740.00
Expected liabilities
Differed income tax liability 17,192,306.00 12,303,165.00
Other non-current liabilities 100,928,563.00 91,677,740.00
Differed income 22,212,307,703.00 20,666,090,581.00
Total of liability 40,848,821,741.00 42,326,048,183.00
Owners’ equity
Share capital 4,375,236,655.00 4,375,236,655.00
Capital reserves 4,987,698,210.00 4,987,698,210.00
Less：Shares in stock
Special reserves
Other comprehensive income 75,871,354.00 57,020,516.00
Surplus reserves 4,810,903,365.00 4,203,571,276.00
Common risk provision
Undistributed profit 6,472,887,337.00 5,431,387,393.00
Different of foreign currency translation
Total of owner’s equity belong to the parent company 20,722,596,921.00 19,054,914,050.00
Minority shareholders’ equity 6,291,438,844.00 6,537,756,802.00
Total of owners’ equity 27,014,035,765.00 25,592,670,852.00
Total of liabilities and owners’ equity 67,862,857,506.00 67,918,719,035.00
Legal representative ：Pan Li
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广东电力发展股份有限公司 2014 年第三季度报告全文
Person-in-charge of the accounting work：Li Xiaoqing
Person-in -charge of the accounting organ：Qin Jingdong
2. Balance sheet of Parent Company
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 734,846,909.00 296,476,854.00
Financial assets measured at fair value
with variations accounted into current
income account
Bill receivable
Account receivable 253,500,704.00 252,615,520.00
Prepayments 142,439,590.00 183,758,605.00
Interest receivable 1,841,470.00 1,543,756.00
Dividend receivable 9,155,096.00 9,155,096.00
Other account receivable 511,160,820.00 111,309,157.00
Inventories 182,073,944.00 148,348,001.00
Assets held for sales
Non-current asset due in 1 year
Other current asset 85,145,999.00 85,145,999.00
Total of current assets 1,920,164,532.00 1,088,352,988.00
Non-current assets：
Disposable financial asset 828,606,188.00 803,471,738.00
Expired investment in possess
Long-term receivable 550,000,000.00 500,000,000.00
Long term share equity investment 21,299,014,045.00 20,812,047,925.00
Property investment 10,362,333.00 10,839,031.00
Fixed assets 1,233,352,802.00 1,224,223,876.00
Construction in progress 80,432,753.00 89,192,352.00
Engineering material
Fixed asset disposal 1,284,694.00 1,976,080.00
Production physical assets
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广东电力发展股份有限公司 2014 年第三季度报告全文
Gas & petrol
Intangible assets 100,314,309.00 102,887,809.00
R & D petrol
Goodwill
Long-germ expenses to be amortized
Differed income tax asset 583,768.00
Other non-current asset 90,000,000.00 270,000,000.00
Total of non-current assets 24,193,367,124.00 23,815,222,579.00
Total of assets 26,113,531,656.00 24,903,575,567.00
Current liabilities
Short-term loans 1,380,000,000.00 1,400,000,000.00
Financial liabilities measured at fair
value with variations accounted into
current income account
Bill payable 137,874,618.00
Account payable 264,434,514.00 320,001,507.00
Advance payment
Employees’ wage payable 59,813,666.00 35,715,896.00
Tax payable 41,359,032.00 20,225,274.00
Interest payable 112,204,013.00 153,688,714.00
Dividend payable 7,970,096.00 7,629,090.00
Other account payable 155,795,784.00 202,749,305.00
Liabilities held for sales
Non-current liability due in 1 year 1,998,873,256.00 89,000,000.00
Other current liability 402,240,000.00 623,885,333.00
Total of current liability 4,422,690,361.00 2,990,769,737.00
Non-current liabilities：
Long-term loan 1,500,000,000.00 1,500,000,000.00
Bond payable 1,194,838,690.00 3,190,970,481.00
Long-term payable
Special payable
Expected liabilities
Differed income tax liability 5,699,845.00
Other non-current liabilities 50,016,692.00 27,885,554.00
Total of Non-current liabilities 2,750,555,227.00 4,718,856,035.00
18
广东电力发展股份有限公司 2014 年第三季度报告全文
Total of liability 7,173,245,588.00 7,709,625,772.00
Owners’ equity
Share capital 4,375,236,655.00 4,375,236,655.00
Capital reserves 5,596,404,132.00 5,596,404,132.00
Less：Shares in stock
Special reserves
Other comprehensive income 75,871,354.00 57,020,516.00
Surplus reserves 4,810,903,365.00 4,203,571,276.00
Commonly risk Reserves
Undistributed profit 4,081,870,562.00 2,961,717,216.00
Different of foreign currency translation
Total of owners’ equity 18,940,286,068.00 17,193,949,795.00
Total of liabilities and owners’ equity 26,113,531,656.00 24,903,575,567.00
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 of the report period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Item Report period Same period of the previous year
I. Income from the key business 7,751,442,759.00 8,560,954,937.00
Incl：Business income 7,751,442,759.00 8,560,954,937.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 6,183,643,573.00 6,770,011,893.00
Incl：Business cost 5,453,428,678.00 6,016,433,143.00
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
19
广东电力发展股份有限公司 2014 年第三季度报告全文
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 50,023,292.00 47,722,310.00
Sales expense 791,525.00 959,562.00
Administrative expense 210,341,415.00 228,307,847.00
Financial expenses 460,858,663.00 467,839,031.00
Asset impairment loss 8,200,000.00 8,750,000.00
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 155,543,038.00 236,578,342.00
Incl: investment gains from affiliates
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss 1,723,342,224.00 2,027,521,386.00
Add：Non-business income 2,121,922.00 26,248,629.00
Less：Non business expenses 28,035,821.00 35,399,556.00
Incl：Loss from disposal of non-current
assets
IV.Total profit(“-”for loss) 1,697,428,325.00 2,018,370,459.00
Less：Income tax expenses 390,380,776.00 416,040,501.00
V. Net profit（“-”for net loss 1,307,047,549.00 1,602,329,958.00
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the owners of
879,418,818.00 1,170,459,368.00
parent company
Minority shareholders’ equity 427,628,731.00 431,870,590.00
VI. Earnings per share： -- --
（I）Basic earnings per share 0.20 0.27
(II)Diluted earnings per share 0.20 0.27
VII. Other comprehensive income 27,674,151.00 30,841,447.00
Including: other comprehensive
income items that will not be
reclassified into gains/losses in
the subsequent accounting period
Other comprehensive incomes that can
be reclassified into gains/losses in the 27,674,151.00 30,841,447.00
subsequent accounting period when
20
广东电力发展股份有限公司 2014 年第三季度报告全文
certain conditions are satisfied
VIII. Total comprehensive income 1,334,721,700.00 1,633,171,405.00
Total comprehensive income
attributable to the owner of the parent 907,092,969.00 1,201,300,815.00
company
Total comprehensive income
427,628,731.00 431,870,590.00
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 of the Report period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Report period Same period of the previous year
I. Income from the key business 732,630,514.00 752,230,360.00
Incl：Business cost 590,655,848.00 552,733,237.00
Business tax and surcharge 5,489,986.00 4,181,679.00
Sales expense 108,089.00
Administrative expense 29,887,701.00 38,265,781.00
Financial expenses 88,352,095.00 85,210,638.00
Asset impairment loss
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 340,662,131.00 328,324,384.00
Incl: investment gains from affiliates
II. Operational profit（“-”for loss 358,798,926.00 400,163,409.00
Add：Non-business income 170,107.00 50,591.00
Less：Non business expenses 459,225.00 19,991,404.00
Incl：Loss from disposal of non-current
assets
III.Total profit(“-”for loss) 358,509,808.00 380,222,596.00
Less：Income tax expenses 7,313,767.00
IV. Net profit（“-”for net loss） 351,196,041.00 380,222,596.00
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广东电力发展股份有限公司 2014 年第三季度报告全文
V. Earnings per share： -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VI. Other comprehensive income 27,674,151.00 30,841,447.00
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes
that can be reclassified into
gains/losses in the subsequent 27,674,151.00 30,841,447.00
accounting period when certain
conditions are satisfied
VII. Total comprehensive income 378,870,192.00 411,064,043.00
Legal representative ：Pan Li
Person-in-charge of the accounting work：Li Xiaoqing
Person-in -charge of the accounting organ：Qin Jingdong
5. Consolidated Profit statement between the beginning of the year and end of the report period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Total operating income 22,722,756,405.00 23,107,982,409.00
Including：Operating income 22,722,756,405.00 23,107,982,409.00
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 18,535,604,054.00 19,299,968,662.00
Including：Operating cost 16,435,871,791.00 17,042,301,470.00
Interest expense
Commission chare and commission
expense
Cash surrender value
Net amount of expense of compensation
22
广东电力发展股份有限公司 2014 年第三季度报告全文
Net amount of withdrawal of insurance
contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 135,690,064.00 147,855,987.00
Sales expenses 2,263,407.00 2,712,919.00
Administration expenses 606,895,927.00 629,678,682.00
Financial expenses 1,348,745,153.00 1,451,169,604.00
Losses of devaluation of assets 6,137,712.00 26,250,000.00
Add ：Changing income of fair value
Investment income 505,659,618.00 615,933,756.00
Including：Investment income on
affiliate company and joint venture
Exchange income
III. Operating profit 4,692,811,969.00 4,423,947,503.00
Add ：Non-operating income 19,077,253.00 48,293,632.00
Less：Non-operating expense 54,315,366.00 36,591,838.00
Including :Disposal loss of non-current
assets
IV. Total profit 4,657,573,856.00 4,435,649,297.00
Less：Income tax 1,027,647,907.00 909,951,065.00
V. Net profit（“-”for net loss 3,629,925,949.00 3,525,698,232.00
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the owners of
2,523,879,364.00 2,527,943,648.00
parent company
Minority shareholders’ equity 1,106,046,585.00 997,754,584.00
VI. Earnings per share： -- --
（I）Basic earnings per share 0.577 0.578
(II)Diluted earnings per share 0.577 0.578
VII. Other comprehensive income 18,850,838.00 -966,049.00
Including: other comprehensive
income items that will not be
reclassified into gains/losses in
the subsequent accounting period
Other comprehensive incomes
18,850,838.00 -966,049.00
that can be reclassified into
23
广东电力发展股份有限公司 2014 年第三季度报告全文
gains/losses in the subsequent
accounting period when certain
conditions are satisfied
VIII. Total comprehensive income 3,648,776,787.00 3,524,732,183.00
Total comprehensive income
attributable to the owner of the parent 2,542,730,202.00 2,526,977,599.00
company
Total comprehensive income
1,106,046,585.00 997,754,584.00
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
6.Profit Statement of the Parent Between the Beginning of the Year and End of the Report Period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Report period Same period of the previous year
I. Business income 2,068,973,602.00 2,247,160,167.00
Less：Business cost 1,611,623,266.00 1,743,400,101.00
Business tax and surcharge 13,200,069.00 13,474,554.00
Sales expense 122,289.00 191,849.00
Administrative expense 91,934,120.00 113,164,435.00
Financial expenses 274,719,056.00 257,386,990.00
Asset impairment loss -1,388,889.00
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 2,546,746,167.00 1,491,954,018.00
Incl: investment gains from affiliates
II. Operational profit 2,625,509,858.00 1,611,496,256.00
Add：Non-business income 3,587,733.00 1,837,358.00
Less：Non business expenses 5,403,616.00 20,269,061.00
Incl：Loss from disposal of non-current
assets
III.Total profit 2,623,693,975.00 1,593,064,553.00
24
广东电力发展股份有限公司 2014 年第三季度报告全文
Less：Income tax expenses 21,161,209.00
IV. Net profit 2,602,532,766.00 1,593,064,553.00
V. Earnings per share -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VI. Other comprehensive income 18,850,838.00 -966,049.00
Including: other comprehensive
income items that will not be
reclassified into gains/losses in
the subsequent accounting period
Other comprehensive incomes
that can be reclassified into
gains/losses in the subsequent 18,850,838.00 -966,049.00
accounting period when certain
conditions are satisfied
VII. Total comprehensive income 2,621,383,604.00 1,592,098,504.00
Legal representative ：Pan Li
Person-in-charge of the accounting work：Li Xiaoqing
Person-in -charge of the accounting organ：Qin Jingdong
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
26,945,926,240.00 26,970,827,212.00
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
25
广东电力发展股份有限公司 2014 年第三季度报告全文
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 12,777,715.00 9,559,448.00
Other cash received from business
190,491,813.00 161,021,364.00
operation
Sub-total of cash inflow 27,149,195,768.00 27,141,408,024.00
Cash paid for purchasing of
16,044,496,384.00 15,773,602,306.00
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 1,139,468,319.00 1,041,001,640.00
Taxes paid 2,693,472,469.00 2,346,516,466.00
Other cash paid for business activities 411,315,239.00 448,146,971.00
Sub-total of cash outflow from business
20,288,752,411.00 19,609,267,383.00
activities
Cash flow generated by business
6,860,443,357.00 7,532,140,641.00
operation, net
II.Cash flow generated by investing
Cash received from investment
95,095,390.00 276,780,000.00
retrieving
Cash received as investment gains 577,458,353.00 179,284,151.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 6,361,828.00 19,787,362.00
long-term assets
26
广东电力发展股份有限公司 2014 年第三季度报告全文
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 422,451,303.00
Sub-total of cash inflow due to
678,915,571.00 898,302,816.00
investment activities
Cash paid for construction of
fixed assets, intangible assets 3,461,341,421.00 2,221,674,566.00
and other long-term assets
Cash paid as investment 47,006,100.00 394,969,400.00
Net increase of loan against pledge
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
160,000.00
activities
Sub-total of cash outflow due to
3,508,347,521.00 2,616,803,966.00
investment activities
Net cash flow generated by investment -2,829,431,950.00 -1,718,501,150.00
III.Cash flow generated by financing
Cash received as investment 30,000,000.00 42,000,000.00
Incl: Cash received as investment from
30,000,000.00 42,000,000.00
minor shareholders
Cash received as loans 18,469,552,796.00 19,581,038,375.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
18,499,552,796.00 19,623,038,375.00
activities
Cash to repay debts 17,655,265,789.00 20,403,777,848.00
Cash paid as dividend, profit, or
3,480,587,123.00 2,174,854,897.00
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 13,198,516.00
Sub-total of cash outflow due to
21,135,852,912.00 22,591,831,261.00
financing activities
Net cash flow generated by financing -2,636,300,116.00 -2,968,792,886.00
IV. Influence of exchange rate
alternation on cash and cash equivalents
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广东电力发展股份有限公司 2014 年第三季度报告全文
V.Net increase of cash and cash
1,394,711,291.00 2,844,846,605.00
equivalents
Add: balance of cash and cash
4,377,311,176.00 2,813,898,537.00
equivalents at the beginning of term
VI ..Balance of cash and cash
5,772,022,467.00 5,658,745,142.00
equivalents 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
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
Prepared by：Guangdong Electric Power Development Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
2,427,360,294.00 2,635,609,690.00
rending of services
Tax returned
Other cash received from business
35,696,872.00 58,197,037.00
operation
Sub-total of cash inflow 2,463,057,166.00 2,693,806,727.00
Cash paid for purchasing of
1,300,743,037.00 1,618,322,992.00
merchandise and services
Cash paid to staffs or paid for staffs 258,133,700.00 244,370,537.00
Taxes paid 161,162,806.00 156,977,455.00
Other cash paid for business activities 69,071,121.00 69,313,141.00
Sub-total of cash outflow from business
1,789,110,664.00 2,088,984,125.00
activities
Cash flow generated by business
673,946,502.00 604,822,602.00
operation, net
II.Cash flow generated by investing
Cash received from investment
345,095,391.00 376,780,000.00
retrieving
Cash received as investment gains 2,616,874,572.00 1,054,334,761.00
Net cash retrieved from disposal of 637,415.00 9,746,181.00
28
广东电力发展股份有限公司 2014 年第三季度报告全文
fixed assets, intangible assets, and other
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 422,451,302.00
Sub-total of cash inflow due to
2,962,607,378.00 1,863,312,244.00
investment activities
Cash paid for construction of
fixed assets, intangible assets 161,405,617.00 153,209,112.00
and other long-term assets
Cash paid as investment 1,176,796,100.00 2,080,969,400.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
1,338,201,717.00 2,234,178,512.00
investment activities
Net cash flow generated by investment 1,624,405,661.00 -370,866,268.00
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 1,948,600,000.00 4,105,000,000.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
1,948,600,000.00 4,105,000,000.00
activities
Cash to repay debts 2,607,839,198.00 3,554,100,700.00
Cash paid as dividend, profit, or
1,200,742,910.00 527,501,003.00
interests
Other cash paid for financing activities 9,635,570.00
Sub-total of cash outflow due to
3,808,582,108.00 4,091,237,273.00
financing activities
Net cash flow generated by financing -1,859,982,108.00 13,762,727.00
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
438,370,055.00 247,719,061.00
equivalents
Add: balance of cash and cash 296,476,854.00 333,626,540.00
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广东电力发展股份有限公司 2014 年第三季度报告全文
equivalents at the beginning of term
VI ..Balance of cash and cash
734,846,909.00 581,345,601.00
equivalents 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
II. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
30
