The Third Quarterly Report 2016
Stock code：000539、200539 Stock Abbreviation：Yue Dian Li ,Yue Dian Li B
Bond code：112162.SZ Bond short name：12 Yudean Bond
Guangdong Electric Power Development Co., Ltd.
The Third Quarterly Report 2016
October 2016
1
The Third Quarterly Report 2016
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.
All the directors attended the board meeting for reviewing the Quarterly Report except the follows:
The name of director who did The name of director who was
Positions Reason
not attend the meeting in person authorized
Zhong Weimin Director Due to business Hong Rongkun
Kong Huitian Director Due to business Yao Jiheng
Li Mingliang Director Due to business Yao Jiheng
Yang Xinli Director Due to business Hong Rongkun
Zhang Xueqiu Director Due to business Sha Qilin
Liu Tao Independent Director Due to business Zhang Hua
Mao Fugen Independent Director Due to business Shen Hongtao
Wang Xi Independent Director Due to business Shen Hongtao
Mr. Huang Zhenhai, Person in charge of the Company, Ms.Li Xiaoqing , Person in charge of accounting works,
Mr.Meng Fei ,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.
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The Third Quarterly Report 2016
II. Main financial data and changes of shareholders
I.Main financial data and financial index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not.
□ Yes √ No
As at the end of the reporting Changed （%）over end of
As at the end of last year
period prev. year
Gross assets（RMB） 71,619,435,369.00 71,919,934,143.00 -0.42%
Net assets attributable to the
shareholders of the listed company 23,919,977,656.00 23,754,596,981.00 0.70%
（RMB）
Increase/decrease over Between beginning of
Changed （%）over
Reporting period the same period of last the year to the end of
end of prev. year
year（%） the report period
Operating income（RMB） 6,207,318,559.00 -8.40% 16,442,308,125.00 -16.48%
Net profit attributable to the
shareholders of the listed company 738,187,983.00 -19.69% 1,476,562,767.00 -44.07%
（RMB）
Net profit after deducting of
non-recurring gain/loss attributable
744,574,860.00 -17.47% 1,488,076,826.00 -38.63%
to the shareholders of listed
company（RMB）
Cash flow generated by business
-- -- 8,050,018,485.00 -6.29%
operation, net（RMB）
Basic earning per share(RMB/Share) 0.14 -22.22% 0.281 -44.14%
Diluted gains per
0.14 -22.22% 0.281 -44.14%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio
3.13% -0.91% 6.18% -5.89%
（%）
In RMB
Amount (Year-beginning to
Items Notes
the end of the report period.)
Non-current asset disposal gain/loss(including the write-off part
-1,156,407.00
for which assets impairment provision is made)
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business 4,330,234.00
and granted under the state’s policies)
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The Third Quarterly Report 2016
Other non-business income and expenditures other than the above -26,498,677.00
Less：Amount of influence of income tax -1,461,589.00
Influence on minority shareholders’ equity (after tax) -10,349,202.00
Total -11,514,059.00 --
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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The Third Quarterly Report 2016
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the
Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders
Total number of common with the voting power
111,580 0
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Share Amount of tradable Pledging or freezing
Properties of
Shareholder name proportio Quantity shares with Status of the
shareholder Quantity
n% Conditional held shares
Guangdong Yudean Group Co., State-owned legal
67.39% 3,538,005,285 1,893,342,621
Ltd. person
State-owned legal
China Securities Finance Co., Ltd. 2.78% 145,748,980
person
Guangdong Guangfa Electric State-owned legal
2.22% 116,693,602
Power Investment Co., Ltd. person
Guangdong Electric Power State-owned legal
1.80% 94,367,341
Development Corporation person
Domestic Natural
Li Zhuo 0.41% 21,362,585
person
BBH A/C VANGUARD
Overseas Legal
EMERGING MARKETS STOCK 0.33% 17,484,844
person
INDEX FUND
Overseas Legal
NORGES BANK 0.31% 16,235,358
person
CHINA INT'L CAPITAL CORP
Overseas Legal
HONG KONG SECURITIES 0.29% 15,322,336
person
LTD
NOMURA SINGAPORE Overseas Legal
0.24% 12,599,843
LIMITED person
Central Huijin Assets State-owned legal
0.23% 12,258,200
Management Co., Ltd. person
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of the non-restricted Share type
Shareholders’ Names
shares held Share type Quantity
Guangdong Yudean Group Co., Ltd. 1,644,662,664 RMB Common shares
China Securities Finance Co., Ltd. 145,748,980 RMB Common shares
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The Third Quarterly Report 2016
Guangdong Guangfa Electric Power Investment
116,693,602 RMB Common shares
Co., Ltd.
Guangdong Electric Power Development
94,367,341 RMB Common shares
Corporation
Li Zhuo 21,362,585 RMB Common shares
BBH A/C VANGUARD EMERGING MARKETS Foreign shares placed in
17,484,844
STOCK INDEX FUND domestic exchange
Foreign shares placed in
NORGES BANK 16,235,358
domestic exchange
CHINA INT'L CAPITAL CORP HONG KONG Foreign shares placed in
15,322,336
SECURITIES LTD domestic exchange
Foreign shares placed in
NOMURA SINGAPORE LIMITED 12,599,843
domestic exchange
Central Huijin Assets Management Co., Ltd. 12,258,200 RMB Common shares
The fourth largest shareholder Guangdong Electric Power Development
Explanation on associated relationship or concerted Corporation is the wholly-owned subsidiaries of the largest shareholder
action of the above shareholders Yudean Group. These two companies have relationships; whether the other
shareholders have relationships or unanimous acting was unknown.
The Fifth largest shareholder Li Zhuo holds 21,074,665 A shares of the
Note to the top 10 common stockholders involved Company through stock account with credit transaction and guarantee and
in margin financing & securities lending (If any) holds287,920 A shares through ordinary stock account, hold 21,362,585 shares
of the Company's stock totally.
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable √Not applicable
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The Third Quarterly Report 2016
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
It is indicated in the reporting period the net profits assigned to the shareholders of listed companies have
been 44.7% YoY drop. Weak power demand and anabatic competition have compelled drastic decline in electric
quantity. Another reduction of on-grid price released by the state as of January, 1st has an intensely negative effect
on the profits from power generation and return on investment from the associated company. Upon synthetic
analysis of the aforesaid factors, the net profits are sizeable YoY drop.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
□ Applicable √Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
√Applicable□ Not applicable
Time of
Commitmen making Period of Fulfillm
Commitment Type Contents
t maker commitm commitment ent
ent
Commitment on share
reform
Commitment in the
acquisition report or
the report on equity
changes
Yue Dian Li is the only quoted platform of Yudean Within 5 years af
Group’s electricity asset integration within the ter the completio
boundary. ② Except Yue Dian Li and the n of major asset r
electricity assets controlled by it, within 5 years eorganization
Guangdong after the last recombination is done, Yudean Group
Under
Commitments in Yudean will pump the assets which meet the conditions of Novembe
fulfillm
assets reorganization Group Co., launching after reformation into Yue Dian Li r 3,2011
ent
Ltd. gradually through purchasing and recombination
and other ways, according to the situation of
solutions to different problems, e.g. the imperfect
examination and approval procedures, the situation
of profitability, cooperation agreement and land
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The Third Quarterly Report 2016
utilization. ③ At the aspects of the development
of power project and assets purchasing, 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 med
ia "Announcement of Guangdong Electric Power
Development Co.,Ltd. matters related to commitm
ents".
Commitments make
in initial public
offering or
re-financing
Equity incentive
commitment
Guangdong To maintain the stability of the market, Yudean Perform
Other commitments
Yudean Group promised not to reduce the Yudean electric July 8, ance is
for medium and small 12 months
Group Co., power shares within the next 12 months. 2015 complet
shareholders
Ltd. ed
Completed on
Yes
time(Y/N)
IV．Prediction of Business performance for 2016.
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or comparing with the
same period of last year, and statement of causations.
□ Applicable √Not applicable
V. Investment in securities
□ Applicable √Not applicable
No Securities investment in period
VI. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the
Reporting Period
√Applicable □Not applicable
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The Third Quarterly Report 2016
Reception time Way of reception Types of visitors Basic index
The Company’s current production of operation
March 4,2016 Onsite investigation Organization conditions and the situation
of the construction and development projects.
The Company’s current production of operation
June 13,2016 Onsite investigation Organization conditions and the situation
of the construction and development projects.
The Company’s current production of operation
June 28,2016 Onsite investigation Organization conditions and the situation
of the construction and development projects.
The Company’s current production of operation
July 15,2016 Onsite investigation Organization
conditions and development projects.
The Company’s current production of operation
September 29,2016 Onsite investigation Organization
conditions and development projects.
VIII. Outward Guarantee against the Regulations
□ Applicable √ Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
IX. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related
Parties
□ Applicable √ Not applicable
The Company had no non-operational fund occupation from controlling shareholders and its related party.
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The Third Quarterly Report 2016
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Guangdong Electric Power Development Co., Ltd.
September 30,2016
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 6,434,501,238.00 5,237,406,725.00
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable
Account receivable 2,227,711,105.00 2,484,683,890.00
Prepayments 1,132,018,850.00 1,063,701,630.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 10,706,789.00 10,232,658.00
Dividend receivable 4,000,000.00
Other account receivable 154,214,547.00 188,899,280.00
Repurchasing of financial assets
Inventories 1,402,989,421.00 1,333,654,623.00
Assets held for sales
Non-current asset due in 1 year
Other current asset 578,368,623.00 638,461,972.00
Total of current assets 11,940,510,573.00 10,961,040,778.00
Non-current assets：
Loans and payment on other’s behalf
disbursed
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The Third Quarterly Report 2016
Disposable financial asset 1,272,659,414.00 1,094,350,488.00
Expired investment in possess
Long-term receivable 131,907,487.00 128,640,631.00
Long term share equity investment 5,417,979,671.00 5,924,410,159.00
Property investment 9,091,136.00 9,567,835.00
Fixed assets 43,502,107,437.00 44,330,167,621.00
Construction in progress 5,585,696,465.00 5,613,398,840.00
Engineering material 1,913,477.00 1,673,547.00
Fixed asset disposal 6,490,498.00 3,475,384.00
Production physical assets
Gas & petrol
Intangible assets 1,698,521,951.00 1,663,430,069.00
R & D petrol 36,966.00
Goodwill 27,486,780.00 27,486,780.00
Long-germ expenses to be amortized 29,196,198.00 28,843,225.00
Deferred income tax asset 135,470,275.00 116,237,351.00
Other non-current asset 1,860,367,041.00 2,017,211,435.00
Total of non-current assets 59,678,924,796.00 60,958,893,365.00
Total of assets 71,619,435,369.00 71,919,934,143.00
Current liabilities
Short-term loans 5,603,430,000.00 6,288,060,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Bill payable 1,300,245,477.00 593,971,146.00
Account payable 2,178,915,618.00 1,739,227,291.00
Advance payment 224,798.00 244,798.00
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 244,201,239.00 123,477,922.00
Tax payable 510,829,787.00 404,729,354.00
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The Third Quarterly Report 2016
Interest payable 172,216,610.00 105,492,698.00
Dividend payable 9,703,930.00 8,640,994.00
Other account payable 3,593,399,181.00 3,536,133,625.00
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 1,105,268,753.00 1,851,670,652.00
Other current liability 1,918,564,247.00 1,711,348,630.00
Total of current liability 16,636,999,640.00 16,362,997,110.00
Non-current liabilities：
Long-term loan 20,705,689,789.00 21,303,229,910.00
Bond payable 1,894,416,665.00 1,196,029,762.00
Including：preferred stock
Sustainable debt
Long-term payable 1,957,797,865.00 2,495,443,111.00
Long-term payable employees’s
74,814,135.00 85,827,126.00
remuneration
Special payable 26,899,913.00 24,711,974.00
Expected liabilities
Deferred income 104,140,723.00 103,256,725.00
Deferred income tax liability 50,370,776.00 87,243,028.00
Other non-current liabilities 39,000,000.00 39,000,000.00
Total non-current liabilities 24,853,129,866.00 25,334,741,636.00
Total of liability 41,490,129,506.00 41,697,738,746.00
Owners’ equity
Share capital 5,250,283,986.00 5,250,283,986.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 5,007,746,614.00 5,007,077,158.00
Less：Shares in stock
Other comprehensive income 141,422,482.00 245,708,715.00
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The Third Quarterly Report 2016
Special reserves
Surplus reserves 6,845,001,818.00 5,812,191,775.00
Common risk provision
Undistributed profit 6,675,522,756.00 7,439,335,347.00
Total of owner’s equity belong to the
23,919,977,656.00 23,754,596,981.00
parent company
Minority shareholders’ equity 6,209,328,207.00 6,467,598,416.00
Total of owners’ equity 30,129,305,863.00 30,222,195,397.00
Total of liabilities and owners’ equity 71,619,435,369.00 71,919,934,143.00
Legal Representative: Huang Zhenhai Person in charge of accounting：Li Xiaoqing Accounting Dept Leader: Meng Fei
2.Parent Company Balance Sheet
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 971,728,581.00 682,950,639.00
Financial assets measured at fair value with
variations accounted into current income
account
Derivative financial assets
Bill receivable
Account receivable 227,099,200.00 134,539,664.00
Prepayments 80,063,365.00 115,303,150.00
Interest receivable 1,279,235.00 1,818,442.00
Dividend receivable 21,512,934.00
Other account receivable 128,710,517.00 318,483,048.00
Inventories 139,447,545.00 141,559,999.00
Assets held for sales
Non-current asset due in 1 year
Other current asset 10,508,362.00
Total of current assets 1,548,328,443.00 1,426,676,238.00
Non-current assets：
Disposable financial asset 1,272,659,414.00 1,094,350,488.00
Expired investment in possess
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The Third Quarterly Report 2016
Long-term receivable 300,000,000.00 100,000,000.00
Long term share equity investment 22,575,296,396.00 22,588,550,554.00
Property investment 9,091,136.00 9,567,835.00
Fixed assets 1,112,927,185.00 1,217,618,892.00
Construction in progress 43,278,412.00 26,156,889.00
Engineering material
Fixed asset disposal 7,479.00
Production physical assets
Gas & petrol
Intangible assets 93,099,324.00 95,876,179.00
R & D petrol
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset
Other non-current asset 653,004,000.00 653,004,000.00
Total of non-current assets 26,059,363,346.00 25,785,124,837.00
Total of assets 27,607,691,789.00 27,211,801,075.00
Current liabilities
Short-term loans 700,000,000.00 900,000,000.00
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Bill payable
Account payable 326,127,377.00 292,714,747.00
Advance payment
Employees’ wage payable 35,492,347.00 30,063,156.00
Tax payable 47,697,792.00 21,266,249.00
Interest payable 39,992,730.00 52,100,633.00
Dividend payable 9,703,930.00 8,640,994.00
Other account payable 96,788,643.00 112,031,125.00
Classified as held for sale debt
Non-current liability due in 1 year
Other current liability 1,208,240,000.00 1,509,599,589.00
Total of current liability 2,464,042,819.00 2,926,416,493.00
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The Third Quarterly Report 2016
Non-current liabilities：
Long-term loan 1,500,000,000.00 1,500,000,000.00
Bond payable 1,196,744,405.00 1,196,029,762.00
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable to employees 21,971,652.00 24,192,962.00
Special payable
Expected liabilities
Deferred income 52,056,186.00 52,918,949.00
Deferred income tax liability 19,870,926.00 54,572,001.00
Other non-current liabilities
Total of Non-current liabilities 2,790,643,169.00 2,827,713,674.00
Total of liability 5,254,685,988.00 5,754,130,167.00
Owners’ equity
Share capital 5,250,283,986.00 5,250,283,986.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 5,610,491,299.00 5,609,821,843.00
Less：Shares in stock
Other comprehensive income 141,422,483.00 245,708,715.00
Special reserves
Surplus reserves 6,845,001,818.00 5,812,191,775.00
Undistributed profit 4,505,806,215.00 4,539,664,589.00
Total of owners’ equity 22,353,005,801.00 21,457,670,908.00
Total of liabilities and owners’ equity 27,607,691,789.00 27,211,801,075.00
3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 6,207,318,559.00 6,776,239,369.00
Incl：Business income 6,207,318,559.00 6,776,239,369.00
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The Third Quarterly Report 2016
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 5,171,188,129.00 5,323,700,647.00
Incl：Business cost 4,594,220,998.00 4,644,479,136.00
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 51,461,297.00 51,881,014.00
Sales expense 567,104.00 294,824.00
Administrative expense 176,112,019.00 230,113,038.00
Financial expenses 349,955,971.00 396,932,635.00
Asset impairment loss -1,129,260.00
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 190,223,865.00 175,459,458.00
Incl: investment gains from affiliates
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss 1,226,354,295.00 1,627,998,180.00
Add：Non-business income 954,763.00 40,074,816.00
Incl：Gains from disposal of
-130,677.00 -894,294.00
non-current assets
Less：Non business expenses 7,070,375.00 5,124,593.00
Incl：Loss from disposal of
non-current assets
IV.Total profit(“-”for loss) 1,220,238,683.00 1,662,948,403.00
Less：Income tax expenses 272,941,293.00 385,099,703.00
V. Net profit（“-”for net loss 947,297,390.00 1,277,848,700.00
Net profit attributable to the owners of 738,187,983.00 919,135,346.00
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The Third Quarterly Report 2016
parent company
Minority shareholders’ equity 209,109,407.00 358,713,354.00
VI. Net after-tax of Other
3,661,960.00 -148,390,700.00
comprehensive income
Net after-tax
of other comprehensive income attribut 3,661,960.00 -148,390,700.00
able to owners of the parent company.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b 3,661,960.00 -148,390,700.00
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi 0.00 0.00
fied into profit or loss.
2.Gains and losses from changes in fair
3,661,960.00 -148,390,700.00
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
Net
after-tax of other comprehensive incom
e attributable to Minority shareholders’
equity
VII. Total comprehensive income 950,959,350.00 1,129,458,000.00
Total comprehensive income
741,849,943.00 770,744,646.00
attributable to the owner of the parent
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The Third Quarterly Report 2016
company
Total comprehensive income
209,109,407.00 358,713,354.00
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.14 0.18
(II)Diluted earnings per share 0.14 0.18
The current business combination under common control, the net profits of the combined party before achieved net profit of RMB
0.00, last period the combined party realized RMB0.00.
Legal Representative:Huang Zhenhai Person in charge of accounting：Li Xiaoqing Accounting Dept Leader:Meng Fei
4.Income statement of the Parent Company of the Report period
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 622,332,773.00 618,417,649.00
Less：Business cost 460,750,721.00 437,221,777.00
Business tax and surcharge 4,652,331.00 3,826,245.00
Sales expense 20,333.00
Administrative expense 22,267,139.00 29,045,001.00
Financial expenses 51,406,097.00 72,350,203.00
Asset impairment loss
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 284,325,421.00 404,687,794.00
Incl: investment gains from affiliates
II. Operational profit（“-”for loss） 367,581,906.00 480,641,884.00
Add ：Non-operational income 101,775.00 17,205,272.00
Including：Income from disposal of
non-current assets
Less：Non business expenses 173,158.00 319,011.00
Incl：Loss from disposal of non-current
assets
III.Total profit(“-”for loss) 367,510,523.00 497,528,145.00
Less：Income tax expenses 17,221,265.00 23,650,223.00
IV. Net profit（“-”for net loss） 350,289,258.00 473,877,922.00
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The Third Quarterly Report 2016
V.Net of profit of other comprehensive i
3,661,960.00 -148,390,700.00
ncome
（I）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（ II ）
Other comprehensive income that will b 3,661,960.00 -148,390,700.00
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi 0.00 0.00
fied into profit or loss.
2.Gains and losses from changes in fair
3,661,960.00 -148,390,700.00
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
VI. Total comprehensive income 353,951,218.00 325,487,222.00
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Items Amount in this period Amount in last period
I. Total operating income 16,442,308,125.00 19,687,792,601.00
Including：Operating income 16,442,308,125.00 19,687,792,601.00
19
The Third Quarterly Report 2016
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 14,066,645,693.00 15,798,835,076.00
Including：Operating cost 12,362,131,227.00 13,826,201,155.00
Interest expense
Commission chare and commission
expense
Insurance discharge
payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and
127,569,340.00 157,843,720.00
surcharge
Sales expense 1,303,572.00 1,115,961.00
Administrative expense 524,842,412.00 604,476,325.00
Financial expenses 1,051,928,402.00 1,209,197,915.00
Asset impairment loss -1,129,260.00
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 318,945,399.00 695,430,176.00
Incl: investment gains from affiliates
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss 2,694,607,831.00 4,584,387,701.00
Add：Non-business income 11,564,474.00 61,274,956.00
Incl：Gains from disposal of
non-current assets
Less：Non business expenses 21,238,175.00 6,189,308.00
Incl：Loss from disposal of
non-current assets
IV.Total profit(“-”for loss) 2,684,934,130.00 4,639,473,349.00
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The Third Quarterly Report 2016
Less：Income tax expenses 688,423,363.00 963,488,425.00
V. Net profit（“-”for net loss 1,996,510,767.00 3,675,984,924.00
Net profit attributable to the owners of
1,476,562,767.00 2,640,130,361.00
parent company
Minority shareholders’ equity 519,948,000.00 1,035,854,563.00
VI. Net after-tax of Other
-104,286,232.00 45,863,415.00
comprehensive income
Net after-tax
of other comprehensive income attribut -104,286,232.00 45,863,415.00
able to owners of the parent company.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b -104,286,232.00 45,863,415.00
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi 970,838.00
fied into profit or loss.
2.Gains and losses from changes in fair
-105,257,070.00 45,863,415.00
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
Net
after-tax of other comprehensive incom
e attributable to Minority shareholders’
21
The Third Quarterly Report 2016
equity
VII. Total comprehensive income 1,892,224,535.00 3,721,848,339.00
Total comprehensive income
attributable to the owner of the parent 1,372,276,535.00 2,685,993,776.00
company
Total comprehensive income
519,948,000.00 1,035,854,563.00
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.281 0.503
(II)Diluted earnings per share 0.281 0.503
The current business combination under common control, the net profits of the combined party before achieved net profit of RMB
0.00, last period the combined party realized RMB0.00.
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I. Business income 1,448,006,883.00 1,716,084,263.00
Less：Business cost 1,091,118,775.00 1,206,183,589.00
Business tax and surcharge 12,646,846.00 14,816,662.00
Sales expense 9,300.00 20,333.00
Administrative expense 77,549,050.00 83,151,443.00
Financial expenses 163,432,962.00 232,263,185.00
Asset impairment loss
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 2,137,470,736.00 2,475,836,663.00
Incl: investment gains from affiliates
II. Operational profit 2,240,720,686.00 2,655,485,714.00
Add：Non-business income 1,897,148.00 18,925,055.00
Incl：Gains from disposal of
non-current assets
Less：Non business expenses 531,243.00 345,541.00
Incl：Loss from disposal of non-current
assets
III.Total profit 2,242,086,591.00 2,674,065,228.00
Less：Income tax expenses 35,569,606.00 45,178,638.00
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The Third Quarterly Report 2016
IV. Net profit 2,206,516,985.00 2,628,886,590.00
V. Net after-tax of Other comprehensive
-104,286,232.00 45,863,415.00
income
Net after –tax
of profit of other comprehensive incom
e attributable to owners of the parent co
mpany.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl -104,286,232.00 45,863,415.00
assified into profit or loss.
（II）
Other comprehensive income that will b 970,838.00
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi -105,257,070.00 45,863,415.00
fied into profit or loss.
2.Gains and losses from changes in fair
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other 2,102,230,753.00 2,674,750,005.00
V. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
23
The Third Quarterly Report 2016
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
19,580,053,140.00 23,307,995,187.00
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
Net increase of client deposit and
investment
Net increase of the financial assets that
are measured at fair value and whose
movement is counted to the current gain
and loss
Cash received as interest, processing fee
and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 2,298,081.00 6,849,537.00
Other cash received from business
192,906,314.00 251,610,796.00
operation
Sub-total of cash inflow 19,775,257,535.00 23,566,455,520.00
Cash paid for purchasing of
8,179,839,824.00 10,842,305,367.00
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
24
The Third Quarterly Report 2016
Cash paid to staffs or paid for staffs 1,124,600,927.00 1,145,428,589.00
Taxes paid 2,085,277,353.00 2,648,618,826.00
Other cash paid for business activities 335,520,946.00 340,198,354.00
Sub-total of cash outflow from business
11,725,239,050.00 14,976,551,136.00
activities
Cash flow generated by business
8,050,018,485.00 8,589,904,384.00
operation, net
II.Cash flow generated by investing
Cash received from investment
217,476,155.00
retrieving
Cash received as investment gains 512,343,277.00 605,182,713.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 1,578,434.00 9,985,554.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 52,028,777.00
Sub-total of cash inflow due to
513,921,711.00 884,673,199.00
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 2,311,505,369.00 3,373,186,865.00
long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
2,311,505,369.00 3,373,186,865.00
investment activities
Net cash flow generated by investment -1,797,583,658.00 -2,488,513,666.00
III.Cash flow generated by financing
Cash received as investment 91,950,000.00 33,000,000.00
Incl: Cash received as investment from
141,950,000.00 33,000,000.00
minor shareholders
Cash received as loans 10,077,351,398.00 18,916,451,051.00
Cash received from bond placing
25
The Third Quarterly Report 2016
Other financing –related ash received
Sub-total of cash inflow from financing
10,169,301,398.00 18,949,451,051.00
activities
Cash to repay debts 11,862,353,840.00 20,833,488,393.00
Cash paid as dividend, profit, or
3,352,287,872.00 3,565,490,032.00
interests
Incl: Dividend and profit paid by
920,168,209.00 1,211,762,971.00
subsidiaries to minor shareholders
Other cash paid for financing activities 50,400,000.00
Sub-total of cash outflow due to
15,214,641,712.00 24,449,378,425.00
financing activities
Net cash flow generated by financing -5,045,340,314.00 -5,499,927,374.00
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
1,207,094,513.00 601,463,344.00
equivalents
Add: balance of cash and cash
5,227,406,725.00 4,528,277,314.00
equivalents at the beginning of term
VI ..Balance of cash and cash
6,434,501,238.00 5,129,740,658.00
equivalents at the end of term
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
1,602,241,681.00 2,018,894,760.00
rending of services
Tax returned 132,753.00
Other cash received from business
21,065,583.00 47,154,728.00
operation
Sub-total of cash inflow 1,623,307,264.00 2,066,182,241.00
Cash paid for purchasing of
816,458,488.00 832,357,541.00
merchandise and services
Cash paid to staffs or paid for staffs 228,836,275.00 228,812,019.00
Taxes paid 157,580,734.00 236,082,041.00
Other cash paid for business activities 32,094,089.00 41,122,395.00
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The Third Quarterly Report 2016
Sub-total of cash outflow from business
1,234,969,586.00 1,338,373,996.00
activities
Cash flow generated by business
388,337,678.00 727,808,245.00
operation, net
II.Cash flow generated by investing
Cash received from investment
300,000,000.00 1,137,029,489.00
retrieving
Cash received as investment gains 2,351,701,691.00 2,466,207,496.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 4,045.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to
2,651,701,691.00 3,603,241,030.00
investment activities
Cash paid for construction of
fixed assets, intangible assets 71,825,283.00 84,688,373.00
and other long-term assets
Cash paid as investment 795,583,889.00 1,988,904,000.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
867,409,172.00 2,073,592,373.00
investment activities
Net cash flow generated by investment 1,784,292,519.00 1,529,648,657.00
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 2,197,650,000.00 2,550,000,000.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from
2,197,650,000.00 2,550,000,000.00
financing activities
Cash to repay debts 2,700,000,000.00 3,649,999,300.00
Cash paid as dividend, profit, or
1,381,502,255.00 1,176,044,625.00
interests
27
The Third Quarterly Report 2016
Other cash paid for financing activities
Sub-total of cash outflow due to
4,081,502,255.00 4,826,043,925.00
financing activities
Net cash flow generated by financing -1,883,852,255.00 -2,276,043,925.00
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
288,777,942.00 -18,587,023.00
equivalents
Add: balance of cash and cash
682,950,639.00 408,233,799.00
equivalents at the beginning of term
VI ..Balance of cash and cash
971,728,581.00 389,646,776.00
equivalents at the end of term
II. Auditor‘s report
If the 3rd quarterly report been audited
[] Yes [V] No
The 3rd quarterly report has not been audited.
The Board of Directors of Guangdong Electric Power Development Co., Ltd.
Chairman of the Board: Huang Zhenhai
October 29, 2016
28
