The First Quarterly Report 2017
Guangdong Electric Power Development Co., Ltd.
The First Quarterly Report 2017
April 2017
1
The First Quarterly Report 2017
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 first 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
Hong Rongkun Director Due to business Gao Shiqiang
Li Mingliang Director Due to business Yang Xinli
Zhang Xueqiu Director Due to business Liu Tao
Wang Xi Independent Directorr 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 first quarterly report is true and complete.
II. Basic Information of the Company
I.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
Changes of this period over
This period Same period of last year
same period of last year（％）
Operating income（RMB） 5,554,665,288 4,405,938,708 26.07%
Net profit attributable to the shareholders of
-115,409,510 110,019,230 -204.90%
the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -125,128,941 110,018,307 -213.73%
listed company（RMB）
Cash flow generated by business operation,
475,755,783 2,036,376,774 -76.64%
net（RMB）
Basic earning per share(RMB/Share) -0.022 0.021 -204.76%
Diluted gains per
-0.022 0.021 -204.76%
share(RMB/Share)(RMB/Share)
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The First Quarterly Report 2017
Weighted average return on equity（%） -0.49% 0.41% -0.90%
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 69,786,680,797 70,677,003,760 -1.26%
Net assets attributable to the shareholders of
23,282,313,397 23,378,847,225 -0.41%
the listed company（RMB）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to the end
Items Notes
of the report period.)
Non-current asset disposal gain/loss(including the write-off part for
830,322
which assets impairment provision is made)
Govemment subsidy recognized in current gain and loss(excluding
those closely related to the Company’s business and granted under the 485,565
state’s policies)
Other non-operating income and expenditure except for the
8,403,544
aforementioned items
Total 9,719,431 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines 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 recorgnized 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 First Quarterly Report 2017
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
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
108,483 0
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Pledging or
Amount of
Share freezing
Properties of tradable shares
Shareholder name proportion Quantity Status
shareholder with Conditional Quant
% of the
held ity
shares
State-owned
Guangdong Yudean Group Co., Ltd. 67.39% 3,538,005,285 1,893,342,621
legal person
State-owned
China Securities Finance Co., Ltd. 2.78% 145,748,980
legal person
Guangdong Guangfa Electric Power Investment Co., State-owned
2.22% 116,693,602
Ltd. legal person
State-owned
Guangdong Electric Power Development Corporation 1.80% 94,367,341
legal person
Domestic
Li Zhuo Natural 0.41% 21,323,385
person
BBH A/C VANGUARD EMERGING MARKETS Overseas
0.33% 17,484,844
STOCK INDEX FUND Legal person
CHINA INT'L CAPITAL CORP HONG KONG Overseas
0.29% 15,322,336
SECURITIES LTD Legal person
Domestic
Non-State
Harbin Daoli District Charity Foundation 0.28% 14,726,415
owned legal
person
Overseas
NOMURA SINGAPORE LIMITED 0.24% 12,599,843
Legal person
State-owned
Central Huijin Assets Management Co., Ltd. 0.23% 12,258,200
legal person
Shares held by the Top 10 Shareholders of Non-restricted shares
Shareholders’ Names Number of the non-restricted shares Share type
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The First Quarterly Report 2017
held Quant
Share type
ity
RMB Common
Guangdong Yudean Group Co., Ltd. 1,644,662,664
shares
RMB Common
China Securities Finance Co., Ltd. 145,748,980
shares
RMB Common
Guangdong Guangfa Electric Power Investment Co., Ltd. 116,693,602
shares
RMB Common
Guangdong Electric Power Development Corporation 94,367,341
shares
RMB Common
Li Zhuo 21,323,385
shares
Foreign shares
BBH A/C VANGUARD EMERGING MARKETS STOCK
17,484,844 placed in domestic
INDEX FUND
exchange
Foreign shares
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES
15,322,336 placed in domestic
LTD
exchange
RMB Common
Harbin Daoli District Charity Foundation 14,726,415
shares
Foreign shares
NOMURA SINGAPORE LIMITED 12,599,843 placed in domestic
exchange
RMB Common
Central Huijin Assets Management Co., Ltd. 12,258,200
shares
The fourth largest shareholder Guangdong Electric Power
Development Corporation is the wholly-owned subsidiaries of the
Explanation on associated relationship or concerted action of
largest shareholder Yudean Group. These two companies have
the above shareholders
relationships; whether the other shareholders have relationships or
unanimous acting was unknown.
The Fifth largest shareholder Li Zhuo holds 21,299,565 A shares
of the Company through stock account with credit transaction and
guarantee and holds 23,820 A shares through ordinary stock
account, hold 21,323,385 shares of the Company's stock totally.
Note to the top 10 common stockholders involved in margin
The Eighth largest shareholder Harbin Daoli District Charity
financing & securities lending (If any)
Foundation holds 14,696,015 A shares of the Company through
stock account with credit transaction and guarantee and holds
30,400 A shares through ordinary stock account, hold 14,726,415
shares of the Company's stock totally.
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
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The First Quarterly Report 2017
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 First Quarterly Report 2017
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
During the reporting period, the net profit attributable to the shareholders of the listed company is RMB
-115,409,510.39, which was mainly due to the acceleration of marketization reform of Guangdong electric power
market, the increasing competition, the obvious decline of the company’s on-grid electricity price and the
continual rise of coal prices in the first quarter, so the company’s power generation business recorded a loss.
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
Nil.
IV．Prediction of Business performance for January- June 2017
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
V. Securities investment
√ Applicable □Not applicable
Sharehol Sharehol
Number of ding ding
Number of
shares held proporti proporti
shares held Gain. loss Sauc
Securit at the on at the on at the Book balance at
Stock Initial at the end of the e of
y Stock beginning beginnin end of the end of the Accountin
Abbreviati investment of the reporting the
catego Code of the g of the the reporting period g items
on cost(RMB) reporting period share
ry reporting reportin reportin (RMB)
period (RMB) s
period(shar g g
(shares)
es) period( period(
%) %)
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The First Quarterly Report 2017
Financial
assets Trans
Stock 600642 Shenergy 235,837,988 55,532,250 1.22% 55,532,250 1.22% 347,631,885
available feree
for sales
Financial
Issue
Shenzhen assets
Stock 000027 15,890,628 12,600,000 0.32% 12,600,000 0.32% 89,712,000 obtai
Energy available
n
for sales
Financial
Estab
assets
Stock 831039 NEEQ 3,600,000 1,800,000 1.29% 1,800,000 1.29% 7,560,000 lishm
available
ent
for sales
Total 255,328,616 69,932,250 -- 69,932,250 -- 444,903,885 0 -- --
Disclosure date for the
notice of approval by the
Board (If any)
Disclosure date for the
notice of approval by
shareholders’ Meeting (If
any)
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
Way of
Reception time Types of visitors Basic index
reception
Details can be found in the Record Chart of the Investor
Onsite
January 12,2017 Organization Relation Activity disclosed on Juchao
investigation
website(www.cninfo.com.cn) on 16 January .2017.
Details can be found in the Record Chart of the Investor
Onsite
March 23,2017 Organization Relation Activity disclosed on Juchao
investigation
website(www.cninfo.com.cn) on 24 March 2017.
VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
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The First Quarterly Report 2017
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
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The First Quarterly Report 2017
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Guangdong Electric Power Development Co., Ltd.
March 31,2017
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 4,696,299,558 5,184,873,650
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 2,761,070,936 2,776,061,909
Prepayments 1,093,241,297 1,064,822,122
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable 17,888,913 16,681,118
Dividend receivable
Other account receivable 145,772,759 133,499,956
Repurchasing of financial assets
Inventories 1,456,741,596 1,513,153,241
Assets held for sales
Non-current asset due in 1 year 56,847,215
Other current asset 812,320,190 882,055,591
Total of current assets 11,040,182,464 11,571,147,587
Non-current assets：
Loans and payment on other’s behalf disbursed
Disposable financial asset 1,304,555,571 1,279,387,994
Expired investment in possess
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The First Quarterly Report 2017
Long-term receivable 81,184,969 136,075,412
Long term share equity investment 5,504,013,892 5,432,637,750
Property investment 8,773,337 8,932,237
Fixed assets 40,886,143,799 41,814,685,521
Construction in progress 6,746,112,990 6,343,293,763
Engineering material 4,224,052 1,496,854
Fixed asset disposal 5,175,689 4,304,229
Production physical assets
Gas & petrol
Intangible assets 1,695,098,316 1,707,490,221
R & D petrol
Goodwill 27,486,780 27,486,780
Long-germ expenses to be amortized 31,431,434 34,611,712
Deferred income tax asset 302,779,937 303,929,269
Other non-current asset 2,149,517,567 2,011,524,431
Total of non-current assets 58,746,498,333 59,105,856,173
Total of assets 69,786,680,797 70,677,003,760
Current liabilities
Short-term loans 7,362,860,000 5,758,860,000
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 761,884,858 1,330,480,837
Account payable 2,656,374,683 3,167,250,446
Advance payment 184,798 12,456,360
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 194,376,549 144,122,128
Tax payable 285,059,941 326,919,844
Interest payable 65,579,575 83,648,793
Dividend payable 9,703,930 9,703,930
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The First Quarterly Report 2017
Other account payable 3,281,765,936 3,292,556,995
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 1,594,425,876 1,433,644,523
Other current liability 1,018,196,301 1,723,070,000
Total of current liability 17,230,412,447 17,282,713,856
Non-current liabilities：
Long-term loan 19,237,804,630 19,888,172,037
Bond payable 1,905,713,367 1,900,124,468
Including：preferred stock
Sustainable debt
Long-term payable 1,828,020,107 1,917,552,654
Long-term payable employees’s remuneration 110,930,893 122,832,249
Special payable 26,675,385 26,675,385
Expected liabilities
Deferred income 130,081,148 125,650,072
Deferred income tax liability 30,448,408 37,718,277
Other non-current liabilities 39,000,000 39,000,000
Total non-current liabilities 23,308,673,938 24,057,725,142
Total of liability 40,539,086,385 41,340,438,998
Owners’ equity
Share capital 5,250,283,986 5,250,283,986
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 5,003,007,476 5,003,007,478
Less：Shares in stock
Other comprehensive income 163,934,698 145,059,015
Special reserves
Surplus reserves 6,845,001,818 6,845,001,818
Common risk provision
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The First Quarterly Report 2017
Undistributed profit 6,020,085,418 6,135,494,928
Total of owner’s equity belong to the parent company 23,282,313,396 23,378,847,225
Minority shareholders’ equity 5,965,281,016 5,957,717,537
Total of owners’ equity 29,247,594,412 29,336,564,762
Total of liabilities and owners’ equity 69,786,680,797 70,677,003,760
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 237,999,464 326,073,538
Financial assets measured at fair value with variations accounted into
current income account
Derivative financial assets
Bill receivable
Account receivable 154,792,300 212,343,198
Prepayments 79,731,400 79,990,745
Interest receivable 1,240,787 723,819
Dividend receivable
Other account receivable 20,523,777 122,933,749
Inventories 169,540,239 149,462,926
Assets held for sales
Non-current asset due in 1 year
Other current asset 9,200,477 25,650,427
Total of current assets 673,028,444 917,178,402
Non-current assets：
Disposable financial asset 1,304,555,571 1,279,387,994
Expired investment in possess
Long-term receivable 351,460,000 335,000,000
Long term share equity investment 23,102,612,055 22,896,735,913
Property investment 8,773,337 8,932,237
Fixed assets 1,020,893,791 1,049,906,014
Construction in progress 73,640,587 43,039,781
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The First Quarterly Report 2017
Engineering material
Fixed asset disposal 555,054
Production physical assets
Gas & petrol
Intangible assets 91,205,788 92,152,556
R & D petrol
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset
Other non-current asset 653,004,000 672,504,000
Total of non-current assets 26,606,700,183 26,377,658,495
Total of assets 27,279,728,627 27,294,836,897
Current liabilities
Short-term loans 1,300,000,000 300,000,000
Financial liabilities measured at fair value with variations accounted into
current income account
Derivative financial liabilities
Bill payable
Account payable 218,402,180 517,973,144
Advance payment
Employees’ wage payable 32,211,330 31,813,417
Tax payable -2,395,249 9,688,606
Interest payable 8,750,147 48,091,022
Dividend payable 9,703,930 9,703,930
Other account payable 94,504,606 93,522,121
Classified as held for sale debt
Non-current liability due in 1 year
Other current liability 508,170,959 1,216,583,014
Total of current liability 2,169,347,903 2,227,375,254
Non-current liabilities：
Long-term loan 1,500,000,000 1,500,000,000
Bond payable 1,197,220,834 1,196,982,619
Including：preferred stock
Sustainable debt
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The First Quarterly Report 2017
Long-term payable
Long-term payable to employees 22,735,295 23,445,887
Special payable
Expected liabilities
Deferred income 59,851,233 59,533,388
Deferred income tax liability 5,432,460 12,508,093
Other non-current liabilities
Total of Non-current liabilities 2,785,239,822 2,792,469,987
Total of liability 4,954,587,725 5,019,845,241
Owners’ equity
Share capital 5,250,283,986 5,250,283,986
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 5,605,752,163 5,605,752,163
Less：Shares in stock
Other comprehensive income 163,934,698 145,059,015
Special reserves
Surplus reserves 6,845,001,818 6,845,001,818
Undistributed profit 4,460,168,237 4,428,894,674
Total of owners’ equity 22,325,140,902 22,274,991,656
Total of liabilities and owners’ equity 27,279,728,627 27,294,836,897
3.Consolidated Income statement
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 5,554,665,288 4,405,938,708
Incl：Business income 5,554,665,288 4,405,938,708
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 5,731,755,826 4,121,004,327
Incl：Business cost 5,232,107,151 3,593,590,924
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The First Quarterly Report 2017
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount provided as insurance contract reserves
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 46,883,420 32,165,790
Sales expense 1,128,943 304,397
Administrative expense 135,333,767 147,067,842
Financial expenses 316,302,545 347,875,374
Asset impairment loss
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 71,376,143 16,325,321
Incl: investment gains from affiliates
Gains from currency exchange（“-”for loss）
III. Operational profit（“-”for loss -105,714,395 301,259,702
Add：Non-business income 15,956,412 4,265,515
Incl：Gains from disposal of non-current assets 1,261,973
Less：Non business expenses 2,849,251 1,327,233
Incl：Loss from disposal of non-current assets 359,258
IV.Total profit(“-”for loss) -92,607,234 304,197,984
Less：Income tax expenses 25,738,798 78,321,126
V. Net profit（“-”for net loss -118,346,032 225,876,858
Net profit attributable to the owners of parent company -115,409,510 110,019,230
Minority shareholders’ equity -2,936,522 115,857,628
VI. Net after-tax of Other comprehensive income 18,875,683 -86,129,797
Net after-tax 18,875,683 -86,129,797
of other comprehensive income attributable to owners of the parent compan
y.
（I）Other comprehensive income items that will not be reclassified into
gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or net ass
ets
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The First Quarterly Report 2017
2.Other comprehensive income under the equity method investee can not b
e reclassified into profit or loss.
（II） 18,875,683 -86,129,797
Other comprehensive income that will be reclassified into profit or loss.
1.Other comprehensive income under the equity method investee can be rec
lassified into profit or loss.
2.Gains and losses from changes in fair value available for sale financial as 18,875,683 -86,129,797
sets
3.Held-to-maturity investments reclassified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements
6.Other
Net after-tax of other comprehensive income attributable to Minority
shareholders’ equity
VII. Total comprehensive income -99,470,349 139,747,061
Total comprehensive income attributable to the owner of the parent -96,533,827 23,889,433
company
Total comprehensive income attributable minority shareholders -2,936,522 115,857,628
VIII. Earnings per share
（I）Basic earnings per share -0.022 0.021
(II)Diluted earnings per share -0.022 0.021
Legal Representative: Huang Zhenhai Person in charge of accounting：Li Xiaoqing Accounting Dept Leader:Meng Fei
4.Income statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 380,801,562 318,809,041
Less：Business cost 381,038,604 264,269,337
Business tax and surcharge 465,610 2,516,242
Sales expense 3,062 9,300
Administrative expense 19,688,793 22,052,521
Financial expenses 47,038,961 55,361,550
Asset impairment loss
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The First Quarterly Report 2017
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 75,921,316 125,619,860
Incl: investment gains from affiliates 71,376,143
II. Operational profit（“-”for loss） 8,487,848 100,219,951
Add ：Non-operational income 9,551,560 156,876
Including：Income from disposal of non-current assets
Less：Non business expenses 133,371
Incl：Loss from disposal of non-current assets
III.Total profit(“-”for loss) 17,906,037 100,376,827
Less：Income tax expenses -13,367,526 -4,890,854
IV. Net profit（“-”for net loss） 31,273,563 105,267,681
V.Net of profit of other comprehensive income 18,875,683 -86,129,797
（I）Other comprehensive income items that will not be reclassified into
gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or net ass
ets
2.Other comprehensive income under the equity method investee can not b
e reclassified into profit or loss.
（ II ） 18,875,683 -86,129,797
Other comprehensive income that will be reclassified into profit or loss.
1.Other comprehensive income under the equity method investee can be rec
lassified into profit or loss.
2.Gains and losses from changes in fair value available for sale financial as 18,875,683 -86,129,797
sets
3.Held-to-maturity investments reclassified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements
6.Other
VI. Total comprehensive income 50,149,246 19,137,884
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
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The First Quarterly Report 2017
5. Consolidated Cash Flow Statement
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 6,534,220,810 5,674,442,022
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 232,947
Other cash received from business operation 38,308,102 41,332,891
Sub-total of cash inflow 6,572,761,859 5,715,774,913
Cash paid for purchasing of merchandise and services 5,217,883,087 2,586,671,975
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 354,132,647 421,496,400
Taxes paid 361,679,696 580,585,560
Other cash paid for business activities 163,310,646 90,644,204
Sub-total of cash outflow from business activities 6,097,006,076 3,679,398,139
Cash flow generated by business operation, net 475,755,783 2,036,376,774
II.Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 4,000,000
Net cash retrieved from disposal of fixed assets, intangible assets, and other 1,062,462 1,454,595
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The First Quarterly Report 2017
long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 10,500,000
Sub-total of cash inflow due to investment activities 11,562,462 5,454,595
Cash paid for construction of fixed assets, intangible assets and other 607,704,985 896,503,587
long-term assets
Cash paid as investment 125,694
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 investment activities 607,830,679 896,503,587
Net cash flow generated by investment -596,268,217 -891,048,992
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from minor shareholders
Cash received as loans 3,030,404,699 1,543,634,099
Cash received from bond placing
Other financing –related ash received 21,216
Sub-total of cash inflow from financing activities 3,030,404,699 1,543,655,315
Cash to repay debts 2,972,122,871 2,080,799,113
Cash paid as dividend, profit, or interests 419,903,293 589,399,636
Incl: Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities 6,440,107
Sub-total of cash outflow due to financing activities 3,398,466,271 2,670,198,749
Net cash flow generated by financing -368,061,572 -1,126,543,434
IV. Influence of exchange rate alternation on cash and cash equivalents -86
V.Net increase of cash and cash equivalents -488,574,092 18,784,348
Add: balance of cash and cash equivalents at the beginning of term 5,184,873,650 5,237,406,725
VI ..Balance of cash and cash equivalents at the end of term 4,696,299,558 5,256,191,073
6. Cash Flow Statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
20
The First Quarterly Report 2017
Cash received from sales of goods or rending of services 506,722,273 386,301,628
Tax returned 232,947
Other cash received from business operation 4,345,031 7,779,609
Sub-total of cash inflow 511,300,251 394,081,237
Cash paid for purchasing of merchandise and services 662,899,601 271,094,555
Cash paid to staffs or paid for staffs 76,886,841 87,990,980
Taxes paid 9,375,647 26,048,790
Other cash paid for business activities 9,965,255 8,590,444
Sub-total of cash outflow from business activities 759,127,344 393,724,769
Cash flow generated by business operation, net -247,827,093 356,468
II.Cash flow generated by investing
Cash received from investment retrieving 100,000,000 300,000,000
Cash received as investment gains 4,295,833 115,860,806
Net cash retrieved from disposal of 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
Sub-total of cash inflow due to investment activities 104,295,833 415,860,806
Cash paid for construction of 17,484,290 32,846,592
fixed assets, intangible assets
and other long-term assets
Cash paid as investment 131,602,154 620,400,000
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 149,086,444 653,246,592
Net cash flow generated by investment -44,790,611 -237,385,786
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 1,300,000,000 700,000,000
Cash received from bond placing
Other financing –related ash received 21,217
Sub-total of cash inflow from financing activities 1,300,000,000 700,021,217
Cash to repay debts 1,000,000,000 600,000,000
Cash paid as dividend, profit, or interests 95,417,563 82,114,962
Other cash paid for financing activities 38,721
21
The First Quarterly Report 2017
Sub-total of cash outflow due to financing activities 1,095,456,284 682,114,962
Net cash flow generated by financing 204,543,716 17,906,255
IV. Influence of exchange rate alternation on cash and cash equivalents -86
V.Net increase of cash and cash equivalents -88,074,074 -219,123,063
Add: balance of cash and cash equivalents at the beginning of term 326,073,538 682,950,639
VI ..Balance of cash and cash equivalents at the end of term 237,999,464 463,827,576
II. Auditor‘s report
If the 1st quarterly report been audited
[] Yes [V] No
The 1st quarterly report has not been audited.
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