The Third Quarterly Report 2019
Guangdong Electric Power Development Co., Ltd.
The Third Quarterly Report 2019
October 2019
1
The Third Quarterly Report 2019
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 of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Wang Jin, Person in charge of the Company, Mr.Liu Wei , Person in charge of accounting works, Mr.Meng
Fei , Chief of the accounting organ (chief of accounting ) hereby confirm the authenticity and completeness of the
financial report enclosed in this report.
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The Third Quarterly Report 2019
II. Basic information about the company
I. Main financial data and indices
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
As at the end of the Changed （%）over end of
As at the end of last year
reporting period prev. year
Gross assets（Yuan） 73,915,799,989 73,329,662,306 0.80%
Net assets attributable to the
shareholders of the listed company 25,285,860,007 24,227,302,288 4.37%
（Yuan）
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 revenue（Yuan） 8,646,351,018 22.45% 21,520,532,268 2.69%
Net profit attributable to the
shareholders of the listed company 757,309,917 54.56% 1,338,879,300 42.61%
（Yuan）
Net profit after deducting of
non-recurring gain/loss attributable to
719,277,830 52.65% 1,307,866,747 47.89%
the shareholders of listed company
（Yuan）
Net cash generated from /used in
-- -- 6,773,575,977 29.88%
operating activities（Yuan）
Basic earning per share(Yuan/Share) 0.1442 54.56% 0.2550 42.62%
Diluted gains per share(Yuan/Share) 0.1442 54.56% 0.2550 42.62%
Weighted average return on equity（%） 3.18% 1.10% 5.42% 1.50%
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to the end of
Items Notes
the report period.)
Non-current asset disposal
Scrap loss of Power Generation assets of
gain/loss(including the write-off part for -13,971,117
some subsidiaries
which assets impairment provision is made)
Govemment subsidy recognized in current
gain and loss(excluding those closely related
7,424,991
to the Company’s business and granted under
the state’s policies)
It’s the bankruptcy claims by the parent
company to Guangdong International Trust
Switch back of provision for depreciation of
and Investment Co., Ltd-that was handled
account receivable which was singly taken 48,647,647
with bad debt losses in 2003, but the funds
depreciation test.
are now recovered and treated to offset the
impairment losses of assets.
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The Third Quarterly Report 2019
Effect on current gains/losses when a one-off
adjustment is made to current gains/losses
according to requirements of taxation, -250,472
accounting and other relevant laws and
regulations
Other non-business income and expenditures
581,676
other than the above
Less: Amount of influence of income tax 10,608,181
Influenced amount of minor shareholders’
811,991
equity (after tax)
Total 31,012,553 --
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 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 Third Quarterly Report 2019
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
95,913 0
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Share tradable shares
Properties of
Shareholder name proportion Quantity with Status of
shareholder
% Conditional the shares Quantity
held
State-owned legal
Guangdong Energy Group Co., Ltd. 67.39% 3,538,005,285 1,893,342,621
person
State-owned legal
China Securities Finance Co., Ltd. 2.84% 148,862,420
person
Shenzhen Guangfa Electric Power Investment State-owned legal
2.22% 116,693,602
Co., Ltd. person
Guangdong Electric Power Development State-owned legal
1.80% 94,367,341
Corporation person
Domestic Natural
Li Zhuo 0.60% 31,606,023
person
Domestic Natural
Zheng Jianxiang 0.44% 23,234,898
person
Domestic
Harbin Hali Industry Co., Ltd. Non-State owned 0.41% 21,763,533
legal person
CHINA INT'L CAPITAL CORP HONG Overseas Legal
0.29% 15,316,066
KONG SECURITIES LTD person
Domestic
Harbin Daoli District Charity Foundation Non-State owned 0.26% 13,730,793
legal person
VANGUARD EMERGING MARKETS Overseas Legal
0.25% 13,088,628
STOCK INDEX FUND person
Shares held by the Top 10 Shareholders of Non-restricted shares
Share type
Shareholders’ Names Number of the non-restricted shares held
Share type Quantity
RMB Common
Guangdong Energy Group Co., Ltd. 1,644,662,664 1,644,662,664
shares
RMB Common
China Securities Finance Co., Ltd. 148,862,420 148,862,420
shares
Shenzhen Guangfa Electric Power RMB Common
116,693,602 116,693,602
Investment Co., Ltd. shares
Guangdong Electric Power RMB Common
94,367,341 94,367,341
Development Corporation shares
RMB Common
Li Zhuo 31,606,023 31,606,023
shares
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The Third Quarterly Report 2019
Foreign shares
placed in
Zheng Jianxiang 23,234,898 23,234,898
domestic
exchange
RMB Common
Harbin Hali Industry Co., Ltd. 21,763,533 21,763,533
shares
Foreign shares
CHINA INT'L CAPITAL CORP placed in
15,316,066 15,316,066
HONG KONG SECURITIES LTD domestic
exchange
Harbin Daoli District Charity RMB Common
13,730,793 13,730,793
Foundation shares
Foreign shares
VANGUARD EMERGING placed in
13,088,628 13,088,628
MARKETS STOCK INDEX FUND domestic
exchange
The fourth largest shareholder Guangdong Electric Power Development Corporation is the
Explanation on associated
wholly-owned subsidiaries of the largest shareholder Guangdong Energy Group. These two
relationship or concerted action of
companies have relationships; whether the other shareholders have relationships or unanimous
the above shareholders
acting was unknown.
The Fifth largest shareholder Li Zhuo holds98,700 A shares of the Company through stock
account with credit transaction and guarantee and holds 31,507,323 A shares through ordinary
stock account, hold 31,606,023 shares of the Company's stock totally;
Note to the top 10 common The Seventh largest shareholder Harbin Hali Industry Co., Ltd. holds 820,888 A shares of the
stockholders involved in margin Company through stock account with credit transaction and guarantee and holds 20,942,645 A
financing & securities lending (If shares through ordinary stock account, hold 21,763,533 shares of the Company's stock totally;
any) The Ninth largest shareholder Harbin Daoli District Charity Foundation holds80,187 A shares
of the Company through stock account with credit transaction and guarantee and holds
13,650,606 A shares through ordinary stock account, hold 13,730,793 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 2019
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
1. In the first three quarters of 2019, the Company completed the combined on-gird power of 52.545 billion kWh,
down 3.48% YOY, the average on-grid price in the consolidated statement was 460.60 yuan/thousands kWh
(including tax, the same below), up 18.54 yuan/thousands kWh. The cost of power generation fuel was 12925.779
million yuan, a YOY decrease of 858.6669 million yuan or down 6.23%. Upon the combined effects of YOY
decline of coal price, the narrowing of the market electricity price, the dividends brought by implementation of the
tax reduction and fee reduction policy and the various cost controls, the Company’s power generation gross
profits increased YOY, and the realized net profits attributable to the parent company in the first three quarters
were 1338.8793 million yuan, a YOY increase of 42.61%.
2. The net non-operating revenues and expenses decreased 90.7962 million yuan YOY in the reporting period, a
decrease of 117.35%, which was mainly due to that Xuwen company received 45.456 million yuan of insurance
compensation for damage by typhoon Wilmasun and the donated fixed assets from Duojing Company received by
some subsidies, resulting in high non-operating income. This year, the scrap of power generation assets of some
subsidiaries generated the non-operating expenses of 13.24 million yuan.
3. The asset impairment losses decreased by 48.1976 million yuan, a decrease of 100.00%, which was mainly due
to the bankruptcy claims by the parent company to Guangdong International Trust and Investment Co., Ltd-that
was handled with bad debt losses in 2003, but the funds are now recovered and treated to offset the impairment
losses of assets.
4. The income tax expenses increased by 256.4174 million yuan, an increase of 71.80%, which was mainly due to
the better earnings by some subsidiaries this year, resulting in YOY increase of the income tax expenses.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
1. In order to improve the Company's debt structure and broaden the Company's financing channels and approved
by the Company's third extraordinary shareholders’ meeting on September 19, 2019, the Company plans to
publicly issue the corporate bonds of no more than RMB 4 billion and the green renewable corporate bonds of no
more than RMB 4 billion. At present, the Company is carrying out the work related to the declaration and
application of approval for the bonds issuance as planned.
2. During the reporting period, due to changes in work, Ms. Wen Shufei no longer served as a director of the ninth
session of the board of directors of the Company, a member of the budgetary committee of the board of directors
and a member of the audit committee of the board of directors; Mr. Li baobing no longer served as a supervisor of
the ninth board of supervisors of the Company. The Company is currently carrying out the by-election work of
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The Third Quarterly Report 2019
members of the board of directors and the board of supervisors in accordance with the relevant laws and
regulations of the Company Law and the relevant provisions of the Company's "Articles of Association".
3. During the reporting period, Guangdong Yudean Binhai Energy Co., Ltd, a wholly-owned subsidiary of the
Company, received the “Reply from the Guangdong Development and Reform Commission on the Approval of
Alternative Power Source of Dongguan Ningzhou Site” (No.3309-[2019] Yuefa Reform Energy Letter), agreed to
build the Dongguan Ningzhou site alternative power project. The project plans to construct three sets of 700MW
class gas-steam combined cycle heat and power cogeneration unit and the supporting facilities, adopting three
H-class gas-steam combined cycle heat and cooling cogeneration units. The total dynamic investment of the
project is 5.928 billion yuan, of which the project capital is 1.186 billion yuan, accounting for 20% of the total
investment of the project, and the loan is 4.742 billion yuan. The Company will fully promote the project
construction work in accordance with the relevant requirements of the project approval documents.
Announcement Date of disclosure Website for disclosure
Company Bond Issuance Preplan August 31,2019 http//www.cninfo.com.cn.
Green renewable corporate bond issuance preplan August 31,2019 http//www.cninfo.com.cn.
Announcement About Departure of partial
September 25,2019 http//www.cninfo.com.cn.
Directors and Supervisors
Announcement on Receiving the Approval of the
September 30,2019 http//www.cninfo.com.cn.
Alternative Power Project of Dongguan Ningzhou Site
Progress in the implementation of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ 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
No such cases in the reporting period.
IV. Securities investment
√ Applicable □Not applicable
In RMB
Book value Purcha
Sale Book value
Mode of balance at Changes in Cumulative se Gain/loss of
Initial amount balance at Accoun Source
Security Security Stock accounting the fair value fair value amount the
investment in the the end of ting of the
category code Abbreviation measurem beginning of of the this changes in in the reporting
cost this the reporting items shares
ent the reporting period equity this period
period period
period period
Domestic
Fair value
and Shenzhen Other Own-Fu
000027 15,890,628 measurem 66,150,000 6,678,000 56,937,372 630,000 72,828,000
foreign Energy assets nds
ent
stocks
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The Third Quarterly Report 2019
Domestic
Fair value
and Other Own-Fu
600642 Shenergy 235,837,988 measurem 270,997,380 37,206,608 72,366,000 11,106,450 308,203,988
foreign assets nds
ent
stocks
Domestic
Fair value
and Other Own-Fu
831039 NEEQ 3,600,000 measurem 3,618,000 2,376,000 2,394,000 360,000 5,994,000
foreign assets nds
ent
stocks
Total 255,328,616 -- 340,765,380 46,260,608 131,697,372 0 0 12,096,450 387,025,988 -- --
Disclosure date for the notice of
October 31,2018
approval by the Board (If any)
Disclosure date for the notice of
approval by shareholders’
Meeting (If any)
V. Entrusted Financial Management
□ Applicable √Not applicable
There is no Entrusted Financial Management during the report period.
VI. Investment in derivatives
□ 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
Reception time Way of reception Types of visitors Basic index
Details can be found in the Record Chart of the
Investor Relation Activity disclosed on Juchao
February 20,2019 Onsite investigation Organization
website(www.cninfo.com.cn) on February 22,
2019.
Details can be found in the Record Chart of the
June 20,2019 Onsite investigation Organization Investor Relation Activity disclosed on Juchao
website(www.cninfo.com.cn) on June 25,2019.
VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
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 Third Quarterly Report 2019
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Guangdong Electric Power Development Co., Ltd.
September 30,2019
In RMB
Items September 30,2019 December 31,2018
Current asset：
Monetary fund 5,645,228,165 5,574,382,892
Settlement provision
Outgoing call loan
Transactional financial assets
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable
Account receivable 3,319,154,887 3,358,331,949
Financing of receivables
Prepayments 808,806,342 906,261,046
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 276,283,404 222,976,826
Including：Interest receivable 18,595,586 18,856,569
Dividend receivable
Repurchasing of financial assets
Inventories 1,865,454,356 1,481,817,270
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 256,260,503 617,853,476
Total of current assets 12,171,187,657 12,161,623,459
Non-current assets：
Loans and payment on other’s behalf
disbursed
Debt investment
Available for sale of financial assets 1,565,806,331
Other investment on bonds
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The Third Quarterly Report 2019
Expired investment in possess
Long-term receivable 91,538,867 89,762,071
Long term share equity investment 6,626,923,016 6,395,134,754
Other equity instruments investment 1,690,229,178
Other non-current financial assets
Property investment 22,716,561 10,810,722
Fixed assets 39,203,194,358 41,157,594,848
Construction in progress 9,312,895,745 7,740,754,343
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1,833,632,927 1,863,588,771
Development expenses
Goodwill 2,449,886 2,449,886
Long-germ expenses to be amortized 20,089,272 22,089,179
Deferred income tax asset 444,126,914 448,431,684
Other non-current asset 2,496,815,608 1,871,616,258
Total of non-current assets 61,744,612,332 61,168,038,847
Total of assets 73,915,799,989 73,329,662,306
Current liabilities
Short-term loans 6,005,383,548 7,526,000,000
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable 1,274,236,650 941,161,107
Account payable 2,358,732,010 2,196,600,415
Advance receipts 188,688 343,894
Contract Liabilities
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 385,459,082 235,741,179
Tax payable 700,481,232 397,001,706
Other account payable 3,891,343,831 4,152,518,495
Including：Interest payable 175,122,199 59,316,077
Dividend payable 9,796,594 9,703,930
Fees and commissions payable
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The Third Quarterly Report 2019
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 2,236,596,045 2,779,347,654
Other current liability 1,505,285,967 1,107,904,110
Total of current liability 18,357,707,053 19,336,618,560
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 17,848,540,420 18,802,292,664
Bond payable 1,464,189,017 838,326,742
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 2,471,247,841 2,311,513,249
Long-term remuneration payable to
108,584,393 122,913,388
staff
Expected liabilities
Deferred income 131,724,820 133,043,646
Deferred income tax liability 160,171,428 100,726,841
Other non-current liabilities 166,405,569 166,405,569
Total non-current liabilities 22,350,863,488 22,475,222,099
Total of liability 40,708,570,541 41,811,840,659
Owners’ equity
Share capital 5,250,283,986 5,250,283,986
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 5,102,846,886 5,102,846,886
Less：Shares in stock
Other comprehensive income 584,705,588 550,010,133
Special reserve
Surplus reserves 8,245,767,593 7,834,155,143
Common risk provision
Retained profit 6,102,255,954 5,490,006,140
Total of owner’s equity belong to the
25,285,860,007 24,227,302,288
parent company
Minority shareholders’ equity 7,921,369,441 7,290,519,359
Total of owners’ equity 33,207,229,448 31,517,821,647
Total of liabilities and owners’ equity 73,915,799,989 73,329,662,306
Legal representative ：Wang Jin
Person-in-charge of the accounting work：Liu Wei
Person-in -charge of the accounting organ：Meng Fei
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The Third Quarterly Report 2019
2. Balance sheet of Parent Company
In RMB
Items September 30,2019 December 31,2018
Current asset：
Monetary fund 470,938,995 385,577,463
Transactional financial assets
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable
Account receivable 242,555,864 264,537,475
Financing of receivables
Prepayments 46,137,800 44,826,500
Other account receivable 86,959,123 375,296,228
Including：Interest receivable 2,287,265 1,121,522
Dividend receivable 0 447,956
Inventories 195,841,833 187,058,140
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 199,679 199,679
Total of current assets 1,042,633,294 1,257,495,485
Non-current assets：
Debt investment
Available for sale of financial assets 1,565,806,331
Other investment on bonds
Expired investment in possess
Long-term receivable 306,460,000 306,460,000
Long term share equity investment 26,298,594,684 24,699,820,321
Other equity instruments investment 1,690,229,178
Other non-current financial assets
Property investment 7,184,343 7,661,041
Fixed assets 771,609,143 978,022,437
Construction in progress 16,232,999 9,394,075
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 83,970,573 86,681,362
Development expenses
Goodwill
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The Third Quarterly Report 2019
Long-germ expenses to be amortized
Deferred income tax asset
Other non-current asset 356,004,000 356,004,000
Total of non-current assets 29,530,284,920 28,009,849,567
Total of assets 30,572,918,214 29,267,345,052
Current liabilities
Short-term loans 1,500,000,000 1,500,000,000
Transactional financial liabilities
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable
Account payable 216,907,981 223,827,319
Advance receipts
Contract Liabilities
Employees’ wage payable 90,148,461 53,346,100
Tax payable 37,534,092 48,590,195
Other account payable 127,783,657 98,528,954
Including：Interest payable 51,084,354 15,787,356
Dividend payable 9,796,594 9,703,930
Liabilities held for sales
Non-current liability due within 1 year 40,292,266
Other current liability 1,509,050,959 1,107,904,110
Total of current liability 3,521,717,416 3,032,196,678
Non-current liabilities：
Long-term loan 1,500,000,000 1,500,000,000
Bond payable 765,137,333 838,326,742
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 5,506,949 4,340,898
Long-term remuneration payable to
29,693,395 32,170,769
staff
Expected liabilities
Deferred income 48,362,943 48,362,943
Deferred income tax liability 158,906,208 99,461,621
Other non-current liabilities
Total non-current liabilities 2,507,606,828 2,522,662,973
Total of liability 6,029,324,244 5,554,859,651
Owners’ equity
Share capital 5,250,283,986 5,250,283,986
Other equity instruments
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The Third Quarterly Report 2019
Including：preferred stock
Sustainable debt
Capital reserves 5,605,794,601 5,605,794,601
Less：Shares in stock
Other comprehensive income 584,705,588 550,010,133
Special reserve
Surplus reserves 8,245,767,593 7,834,155,143
Retained profit 4,857,042,202 4,472,241,538
Total of owners’ equity 24,543,593,970 23,712,485,401
Total of liabilities and owners’ equity 30,572,918,214 29,267,345,052
3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Turnover 8,646,351,018 7,060,929,815
Including ：Operating income 8,646,351,018 7,060,929,815
Interest income
Insurance fee earned
Fee and commission received
II. Total operating costs 7,497,679,016 6,635,830,401
Including ：Operating costs 6,928,192,466 6,089,990,898
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty, net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 71,719,992 52,349,958
Sales expense 11,243,947 8,280,287
Administrative expense 174,317,245 146,494,451
R & D expense 1,289,004 598,480
Financial expenses 310,916,362 338,116,327
Including：Interest expense 319,264,192 352,800,506
Interest income 11,283,318 16,030,193
Add：Other income 6,877,778 3,525,337
Investment gain（“-”for loss） 136,008,997 231,802,229
Including: investment gains from
134,803,712 196,213,706
affiliates
Financial assets measured at amortized
cost cease to be recognized as income
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The Third Quarterly Report 2019
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets 48,197,647
Assets disposal income -3,650,548
III. Operating profit（“-”for loss） 1,339,756,424 656,776,432
Add ：Non-operating income 3,309,345 33,997,213
Less: Non-operating expenses 1,790,954 7,418,728
IV. Total profit(“-”for loss) 1,341,274,815 683,354,917
Less：Income tax expenses 303,700,779 49,351,732
V. Net profit 1,037,574,036 634,003,185
(I) Classification by business
continuity
1.Net continuing operating profit 1,037,574,036 634,003,185
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of
757,309,917 489,988,070
parent company
2.Minority shareholders’ equity 280,264,119 144,015,115
VI. Net after-tax of other comprehensive
-22,817,126 13,964,804
income
Net of profit of other comprehensive inco
-22,817,126 13,964,804
me attributable to owners of the parent co
mpany.
（I）Other comprehensive income items
that will not be reclassified into
-22,817,126
gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
3. Changes in the fair value of
-22,817,126
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
5.Other
（II）
Other comprehensive income that will be 13,964,804
reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
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The Third Quarterly Report 2019
2. Changes in the fair value of
investments in other debt obligations
3.Gains and losses from changes in fair v 13,964,804
alue available for sale financial assets
4. Other comprehensive income arising
from the reclassification of financial
assets
5.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
6. Allowance for credit impairments in
investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency financ
ial statements
9.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
VII. Total comprehensive income 1,014,756,910 647,967,989
Total comprehensive income attributable
734,492,791 503,952,874
to the owner of the parent company
Total comprehensive income
280,264,119 144,015,115
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.1442 0.0933
(II)Diluted earnings per share 0.1442 0.0933
Legal representative ：Wang Jin
Person-in-charge of the accounting work：Liu Wei
Person-in -charge of the accounting organ：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. Revenue 635,806,632 577,942,718
Including ：Operating costs 594,224,355 515,284,438
Business tax and surcharge 2,450,238 3,078,514
Sales expense 422,950 524,829
Administrative expense 28,185,676 21,402,614
R & D expense 360,401 302,564
Financial expenses 52,177,490 50,695,820
17
The Third Quarterly Report 2019
Including：Interest expenses 52,540,192 52,034,315
Interest income 1,454,556 1,813,721
Add：Other income 268,463
Investment gain（“-”for loss） 223,828,335 351,302,307
Including: investment gains from
134,624,138 196,520,010
affiliates
Financial assets measured at
amortized cost cease to be recognized
as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets 48,647,647
Assets disposal income
II. Operating profit（“-”for loss） 230,461,503 339,439,644
Add ：Non-operating income 174,784 4,376,527
Less：Non -operating expenses 702,682 43,758
III. Total profit(“-”for loss) 229,933,605 343,772,413
Less：Income tax expenses -12,227,012
IV. Net profit 229,933,605 355,999,425
1.Net continuing operating profit 229,933,605 355,999,425
2.Termination of operating net profit
V. Net after-tax of other comprehensive
-22,817,126 13,964,805
income
（I）Other comprehensive income items
that will not be reclassified into
-22,817,126
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.
3. Changes in the fair value of
-22,817,126
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
5.Other
（II）
Other comprehensive income that will b 13,964,805
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2. Changes in the fair value of
investments in other debt obligations
18
The Third Quarterly Report 2019
3.
Gains and losses from changes in fair v 13,964,805
alue available for sale financial assets
4. Other comprehensive income
arising from the reclassification of
financial assets
5.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
6. Allowance for credit impairments
in investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency fina
ncial statements
9.Other
VI. Total comprehensive income 207,116,479 369,964,230
VII. Earnings per share
（I）Basic earnings per share 0.0438 0.0678
(II)Diluted earnings per share 0.0438 0.0678
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. Turnover 21,520,532,268 20,955,914,994
Including：Operating income 21,520,532,268 20,955,914,994
Interest income
Insurance fee earned
Commission charge and commission
income
II. Total operating costs 19,534,660,935 19,849,361,205
Including ：Operating costs 17,952,335,942 18,290,847,325
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty,net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 165,085,350 151,882,523
Sales expense 24,088,735 18,596,417
Administrative expense 445,202,049 416,866,769
R & D expense 1,636,527 1,933,046
19
The Third Quarterly Report 2019
Financial expenses 946,312,332 969,235,125
Including：Interest expense 983,273,645 1,009,905,889
Interest income 42,944,823 45,903,200
Add：Other income 46,350,634 20,556,096
Investment gain（“-”for loss） 440,490,979 522,820,821
Including: investment gains from
408,421,926 468,618,691
affiliates
Financial assets measured at amortized
cost cease to be recognized as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss -523,441
Impairment loss of assets 48,197,647
Assets disposal income -3,262,041
III. Operating profit（“-”for loss） 2,520,387,152 1,646,668,665
Add ：Non-operating income 8,602,532 86,606,114
Less: Non-operating expense 22,025,650 9,233,051
IV. Total profit(“-”for loss) 2,506,964,034 1,724,041,728
Less：Income tax expenses 613,536,709 357,119,310
V. Net profit 1,893,427,325 1,366,922,418
(I) Classification by business
continuity
1.Net continuing operating profit 1,893,427,325 1,366,922,418
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of
1,338,879,300 938,821,588
parent company
2.Minority shareholders’ equity 554,548,025 428,100,830
VI. Net after-tax of other comprehensive
34,695,456 -32,887,013
income
Net of profit of other comprehensive inco
34,695,456 -32,887,013
me attributable to owners of the parent co
mpany.
（I）Other comprehensive income items
that will not be reclassified into
34,695,456
gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
3. Changes in the fair value of
34,695,456
investments in other equity instruments
20
The Third Quarterly Report 2019
4. Changes in the fair value of the
company’s credit risks
5.Other
（II）
Other comprehensive income that will be -32,887,013
reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2. Changes in the fair value of
investments in other debt obligations
3.Gains and losses from changes in fair v -32,887,013
alue available for sale financial assets
4. Other comprehensive income arising
from the reclassification of financial
assets
5.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
6. Allowance for credit impairments in
investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency financ
ial statements
9.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
VII. Total comprehensive income 1,928,122,781 1,334,035,405
Total comprehensive income attributable
1,373,574,756 905,934,575
to the owner of the parent company
Total comprehensive income
554,548,025 428,100,830
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.2550 0.1788
(II)Diluted earnings per share 0.2550 0.1788
Legal representative ：Wang Jin
Person-in-charge of the accounting work：Liu Wei
Person-in -charge of the accounting organ：Meng Fei
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
21
The Third Quarterly Report 2019
Items Amount in this period Amount in last period
I. Revenue 1,620,715,714 1,726,288,740
Including ：Operating costs 1,572,358,236 1,598,465,653
Business tax and surcharge 8,340,931 7,693,638
Sales expense 1,098,839 1,442,447
Administrative expense 65,049,565 58,951,622
R & D expense 630,094 1,214,935
Financial expenses 153,134,251 150,768,384
Including：Interest expenses 154,449,687 152,944,226
Interest income 3,932,287 4,566,763
Add：Other income 10,000 553,359
Investment gain（“-”for loss） 1,289,334,443 1,427,022,196
Including: investment gains from
404,708,029 466,595,698
affiliates
Financial assets measured at
amortized cost cease to be recognized
as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss -303,753
Impairment loss of assets 48,647,647
Assets disposal income 3,218,915 -32,933
II. Operating profit（“-”for loss） 1,161,011,049 1,336,509,618
Add ：Non-operating income 182,626 4,503,789
Less：Non -operating expenses 1,884,087 720,426
III. Total profit(“-”for loss) 1,159,309,588 1,340,292,981
Less：Income tax expenses 47,879,436 -12,227,012
IV. Net profit 1,111,430,152 1,352,519,993
1.Net continuing operating profit 1,111,430,152 1,352,519,993
2.Termination of operating net profit
V. Net after-tax of other comprehensive
34,695,456 -32,887,013
income
（I）Other comprehensive income items
that will not be reclassified into
34,695,456
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.
3. Changes in the fair value of
34,695,456
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
22
The Third Quarterly Report 2019
5.Other
（II）
Other comprehensive income that will b -32,887,013
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2. Changes in the fair value of
investments in other debt obligations
3.
Gains and losses from changes in fair v -32,887,013
alue available for sale financial assets
4. Other comprehensive income
arising from the reclassification of
financial assets
5.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
6. Allowance for credit impairments
in investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency fina
ncial statements
9.Other
VI. Total comprehensive income 1,146,125,608 1,319,632,980
VII. Earnings per share
（I）Basic earnings per share 0.2117 0.2576
(II)Diluted earnings per share 0.2117 0.2576
7. Consolidated Cash Flow 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.Cash flows from operating activities
Cash received from sales of goods or
24,362,498,308 24,799,345,474
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
23
The Third Quarterly Report 2019
investment
Cash received from interest,
commission charge and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Net cash received by agent in
securities trading
Tax returned 58,799,293 23,986,752
Other cash received from business
243,645,593 316,000,156
operation
Sub-total of cash inflow 24,664,943,194 25,139,332,382
Cash paid for purchasing of
15,275,232,014 17,204,974,896
merchandise and services
Net increase of client trade and advance
Net increase of savings in central bank
and brother company
Cash paid for original contract claim
Net increase for Outgoing call loan
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 1,131,162,005 1,129,219,428
Taxes paid 1,014,809,741 1,209,544,746
Other cash paid for business activities 470,163,457 380,282,755
Sub-total of cash outflow from business
17,891,367,217 19,924,021,825
activities
Net cash generated from /used in
6,773,575,977 5,215,310,557
operating activities
II. Cash flow generated by investing
Cash received from investment
102,820,430
retrieving
Cash received as investment gains 201,960,518 205,304,813
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 3,329,189
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
304,780,948 208,634,002
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 3,000,250,669 2,184,056,309
long-term assets
Cash paid as investment 79,035,790 98,000,000
Net increase of loan against pledge
Net cash received from subsidiaries and
24
The Third Quarterly Report 2019
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
3,079,286,459 2,282,056,309
investment activities
Net cash flow generated by investment -2,774,505,511 -2,073,422,307
III.Cash flow generated by financing
Cash received as investment 512,000,000 4,000,000
Including: Cash received as investment
512,000,000 4,000,000
from minor shareholders
Cash received as loans 10,903,258,541 10,983,650,853
Other financing –related cash received 1,038,130 1,101,067,918
Sub-total of cash inflow from financing
11,416,296,671 12,088,718,771
activities
Cash to repay debts 13,544,754,488 12,117,550,767
Cash paid as dividend, profit, or
1,795,543,714 2,042,180,267
interests
Including: Dividend and profit paid by
385,697,942 466,862,545
subsidiaries to minor shareholders
Other cash paid for financing activities 3,335,383 139,293,933
Sub-total of cash outflow due to
15,343,633,585 14,299,024,967
financing activities
Net cash flow generated by financing -3,927,336,914 -2,210,306,196
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
71,733,552 931,582,054
equivalents
Add: balance of cash and cash
5,570,382,893 4,996,580,490
equivalents at the beginning of term
VI ..Balance of cash and cash
5,642,116,445 5,928,162,544
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
1,820,859,152 1,997,490,437
rending of services
Tax returned
Other cash received from business
46,901,686 40,391,202
operation
Sub-total of cash inflow 1,867,760,838 2,037,881,639
Cash paid for purchasing of
1,338,827,716 1,612,998,291
merchandise and services
Cash paid to staffs or paid for staffs 202,912,167 234,297,388
25
The Third Quarterly Report 2019
Taxes paid 70,035,488 57,690,048
Other cash paid for business activities 43,410,776 51,890,628
Sub-total of cash outflow from business
1,655,186,147 1,956,876,355
activities
Net cash generated from /used in
212,574,691 81,005,284
operating activities
II.Cash flow generated by investing
Cash received from investment
348,864,150 187,920,000
retrieving
Cash received as investment gains 1,057,794,667 1,122,385,336
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 6,281,001 713,237
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
1,412,939,818 1,311,018,573
investment activities
Cash paid for construction of fixed
assets, intangible assets 26,677,506 71,096,344
and other long-term assets
Cash paid as investment 1,445,721,936 951,000,000
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
1,472,399,442 1,022,096,344
investment activities
Net cash flow generated by investment -59,459,624 288,922,229
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 2,398,950,000 4,428,650,000
Other financing –related ash received 1,035,360 1,055,608
Sub-total of cash inflow from
2,399,985,360 4,429,705,608
financing activities
Cash to repay debts 2,000,000,000 3,889,693,500
Cash paid as dividend, profit, or
465,720,875 595,653,843
interests
Other cash paid for financing activities 2,018,021 1,696,572
Sub-total of cash outflow due to
2,467,738,896 4,487,043,915
financing activities
Net cash flow generated by financing -67,753,536 -57,338,307
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
85,361,531 312,589,206
equivalents
26
The Third Quarterly Report 2019
Add: balance of cash and cash
385,577,464 429,724,538
equivalents at the beginning of term
VI ..Balance of cash and cash
470,938,995 742,313,744
equivalents at the end of term
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to
the new standards for financial instruments, the new standards for revenues and the new standards for
lease implemented commencing from year 2019
√ Applicable □ Not applicable
Consolidated balance sheet
In RMB
Amount involved in the
Items December 31,2018 January 1,2019
adjustment
Current asset：
Monetary fund 5,574,382,892 5,574,382,892
Settlement provision
Outgoing call loan
Transactional financial assets
Financial assets measured
at fair value with variations
accounted into current
income account
Derivative financial assets
Notes receivable
Account receivable 3,358,331,949 3,358,331,949
Financing of receivables
Prepayments 906,261,046 906,261,046
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Other account receivable 222,976,826 222,976,826
Including：Interest receivable 18,856,569 18,856,569
Dividend receivable
Repurchasing of financial
assets
Inventories 1,481,817,270 1,481,817,270
Contract assets
Assets held for sales
Non-current asset due within
27
The Third Quarterly Report 2019
1 year
Other current asset 617,853,476 617,853,476
Total of current assets 12,161,623,459 12,161,623,459
Non-current assets：
Loans and payment on
other’s behalf disbursed
Debt investment
Available for sale of financial
1,565,806,331 -1,565,806,331
assets
Other investment on bonds
Expired investment in
possess
Long-term receivable 89,762,071 89,762,071
Long term share equity
6,395,134,754 6,395,134,754
investment
Other equity instruments
1,565,806,331 1,565,806,331
investment
Other non-current financial
assets
Property investment 10,810,722 10,810,722
Fixed assets 41,157,594,848 41,157,594,848
Construction in progress 7,740,754,343 7,740,754,343
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1,863,588,771 1,863,588,771
Development expenses
Goodwill 2,449,886 2,449,886
Long-germ expenses to be
22,089,179 22,089,179
amortized
Deferred income tax asset 448,431,684 448,431,684
Other non-current asset 1,871,616,258 1,871,616,258
Total of non-current assets 61,168,038,847 61,168,038,847
Total of assets 73,329,662,306 73,329,662,306
Current liabilities
Short-term loans 7,526,000,000 7,526,000,000
Loan from Central Bank
Borrowing funds
Transactional financial
liabilities
Financial liabilities measured
at fair value with variations
accounted into current
income account
Derivative financial liabilities
Notes payable 941,161,107 941,161,107
28
The Third Quarterly Report 2019
Account payable 2,196,600,415 2,196,600,415
Advance receipts 343,894 343,894
Contract liabilities
Selling of repurchased
financial assets
Deposit taking and interbank
deposit
Entrusted trading of
securities
Entrusted selling of securities
Employees’ wage payable 235,741,179 235,741,179
Tax payable 397,001,706 397,001,706
Other account payable 4,152,518,495 4,152,518,495
Including：Interest payable 59,316,077 59,316,077
Dividend payable 9,703,930 9,703,930
Fees and commissions
payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due
2,779,347,654 2,779,347,654
within 1 year
Other current liability 1,107,904,110 1,107,904,110
Total of current liability 19,336,618,560 19,336,618,560
Non-current liabilities：
Reserve fund for insurance
contracts
Long-term loan 18,802,292,664 18,802,292,664
Bond payable 838,326,742 838,326,742
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 2,311,513,249 2,311,513,249
Long-term remuneration
122,913,388 122,913,388
payable to staff
Expected liabilities
Deferred income 133,043,646 133,043,646
Deferred income tax liability 100,726,841 100,726,841
Other non-current liabilities 166,405,569 166,405,569
Total non-current liabilities 22,475,222,099 22,475,222,099
Total of liability 41,811,840,659 41,811,840,659
Owners’ equity
Share capital 5,250,283,986 5,250,283,986
Other equity instruments
Including：preferred stock
29
The Third Quarterly Report 2019
Sustainable debt
Capital reserves 5,102,846,886 5,102,846,886
Less：Shares in stock
Other comprehensive income 550,010,133 550,010,133
Special reserve
Surplus reserves 7,834,155,143 7,834,155,143
Common risk provision
Retained profit 5,490,006,140 5,490,006,140
Total of owner’s equity
24,227,302,288 24,227,302,288
belong to the parent company
Minority shareholders’ equity 7,290,519,359 7,290,519,359
Total of owners’ equity 31,517,821,647 31,517,821,647
Total of liabilities and
73,329,662,306 73,329,662,306
owners’ equity
Adjustment statement
According to the No. 22 Accounting Standards for Business Enterprises, the No. 23 Accounting Standards for
Business Enterprises, the No. 24 Accounting Standards for Business Enterprises revised and issued by the
Ministry of Finance on March 31, 2017, the No. 37 Accounting Standards for Business Enterprises (hereinafter
referred to as the new Financial Instruments Standards) revised and issued by the Ministry of Finance on May 2,
2017, and the Notice on Issuance of the Amended 2019 Annual General Financial Statements of the General
Enterprises (No. 6 [2019] Cai hui) issued on April 30, 2019, and combined with the Group's business model for
managing financial assets and the contract cash flow characteristics of the financial assets, the investment of the
three companies held shall be adjusted from the accounting of available-for-sale financial assets originally
calculated by cost method to the accounting of financial assets measured by fair value and whose changes are
included in other comprehensive income, and it shall be presented in the investment of other equity instruments.
Parent Company Balance Sheet
In RMB
Amount involved in the
Items December 31,2018 January 1,2019
adjustment
Current asset：
Monetary fund 385,577,463 385,577,463
Transactional financial assets
Financial assets measured
at fair value with variations
accounted into current
income account
Derivative financial assets
Notes receivable
Account receivable 264,537,475 264,537,475
Financing of receivables
Prepayments 44,826,500 44,826,500
Other account receivable 375,296,228 375,296,228
30
The Third Quarterly Report 2019
Including：Interest receivable 1,121,522 1,121,522
Dividend receivable 447,956 447,956
Inventories 187,058,140 187,058,140
Contract assets
Assets held for sales
Non-current asset due within
1 year
Other current asset 199,679 199,679
Total of current assets 1,257,495,485 1,257,495,485
Non-current assets：
Debt investment
Available for sale of financial
1,565,806,331 -1,565,806,331
assets
Other investment on bonds
Expired investment in
possess
Long-term receivable 306,460,000 306,460,000
Long term share equity
24,699,820,321 24,699,820,321
investment
Other equity instruments
1,565,806,331 1,565,806,331
investment
Other non-current financial
assets
Property investment 7,661,041 7,661,041
Fixed assets 978,022,437 978,022,437
Construction in progress 9,394,075 9,394,075
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 86,681,362 86,681,362
Development expenses
Goodwill
Long-germ expenses to be
amortized
Deferred income tax asset
Other non-current asset 356,004,000 356,004,000
Total of non-current assets 28,009,849,567 28,009,849,567
Total of assets 29,267,345,052 29,267,345,052
Current liabilities
Short-term loans 1,500,000,000 1,500,000,000
Transactional financial
liabilities
Financial liabilities measured
at fair value with variations
accounted into current
income account
31
The Third Quarterly Report 2019
Derivative financial liabilities
Notes payable
Account payable 223,827,319 223,827,319
Advance receipts
Contract Liabilities
Employees’ wage payable 53,346,100 53,346,100
Tax payable 48,590,195 48,590,195
Other account payable 98,528,954 98,528,954
Including：Interest
15,787,356 15,787,356
payable
Dividend payable 9,703,930 9,703,930
Liabilities held for sales
Non-current liability due
within 1 year
Other current liability 1,107,904,110 1,107,904,110
Total of current liability 3,032,196,678 3,032,196,678
Non-current liabilities：
Long-term loan 1,500,000,000 1,500,000,000
Bond payable 838,326,742 838,326,742
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 4,340,898 4,340,898
Long-term remuneration
32,170,769 32,170,769
payable to staff
Expected liabilities
Deferred income 48,362,943 48,362,943
Deferred income tax liability 99,461,621 99,461,621
Other non-current liabilities
Total non-current liabilities 2,522,662,973 2,522,662,973
Total of liability 5,554,859,651 5,554,859,651
Owners’ equity
Share capital 5,250,283,986 5,250,283,986
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 5,605,794,601 5,605,794,601
Less：Shares in stock
Other comprehensive income 550,010,133 550,010,133
Special reserve
Surplus reserves 7,834,155,143 7,834,155,143
Retained profit 4,472,241,538 4,472,241,538
Total of owners’ equity 23,712,485,401 23,712,485,401
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The Third Quarterly Report 2019
Total of liabilities and
29,267,345,052 29,267,345,052
owners’ equity
Adjustment statement
According to the No. 22 Accounting Standards for Business Enterprises, the No. 23 Accounting Standards for
Business Enterprises, the No. 24 Accounting Standards for Business Enterprises revised and issued by the
Ministry of Finance on March 31, 2017, the No. 37 Accounting Standards for Business Enterprises (hereinafter
referred to as the new Financial Instruments Standards) revised and issued by the Ministry of Finance on May 2,
2017, and the Notice on Issuance of the Amended 2019 Annual General Financial Statements of the General
Enterprises (No. 6 [2019] Cai hui) issued on April 30, 2019, and combined with the Group's business model for
managing financial assets and the contract cash flow characteristics of the financial assets, the investment of the
three companies held shall be adjusted from the accounting of available-for-sale financial assets originally
calculated by cost method to the accounting of financial assets measured by fair value and whose changes are
included in other comprehensive income, and it shall be presented in the investment of other equity instruments.
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for
financial instruments and the new standards for lease implemented commencing from year 2019
□ Applicable √ Not applicable
III. Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.
The Board of Directors of Guangdong Electric Power Development Co., Ltd.
Chairman of the Board: Wang Jin
October 31, 2019
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