Guangdong Provincial Expressway Development Co.，Ltd.
The First Quarterly Report 2014
April 2014
1
I.Important Notice
The Board of Directors and the Supervisory Committee of the Company and its directors,
supervisors and senior executives should guarantee the reality, accuracy and commpletion of the
quarterly report, there are no any fictitious statements, misleading statements or important
omissions carried in this report , and shall take legal responsibilities, individual and /or joint.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Zhu Zhanliang, Person in charge of the Company, Mr. Xiao Laijiu, General Manager , Mr..Yun
Wujun, the person in charge of the accounting works and Mr. Liu Xiaomei, Person in charger of accounting organ
(accounting officer) hereby confirm that the Financial Report of this Quarterly Report is authentic accurate and
complete.
2
II. Main financial data and changes of shareholders
（1）Main financial data
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not.
□ Yes √ No
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（RMB） 323,221,984.23 309,689,847.08 4.37%
Net profit attributable to the shareholders
94,292,392.18 22,318,156.43 322.49%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 94,003,642.96 21,742,387.41 332.35%
listed company（RMB）
Cash flow generated by business operation,
221,359,511.96 140,167,066.60 57.93%
net（RMB）
Basic earning per share(RMB/Share) 0.08 0.02 300%
Diluted gains per
0.08 0.02 300%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
2.21% 0.52% 1.69%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 12,557,087,619.08 12,694,475,514.01 -1.08%
Net profit attributable to the shareholders
4,289,917,598.07 4,237,999,072.46 1.23%
of the listed company（RMB）
Items and amount of non-current gains and losses
√ applicable □ not applicable
In RMB
Amount from year-begin to
Items NotesO
period-end
Other non-operating income and expenditure except for the
383,000.37
aforementioned items
Less：Amount of influence of income tax 94,251.15
3
Total 288,749.22 --
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
(2) Total number of shareholders at the end of report period and Particular about shares held by top ten
shareholders
In Shares
Total number of shareholders at the end
88,576
of report period
Particular about shares held by top ten shareholders
Amount of Pledging or freezing
Properties of Share proportion tradable shares
Shareholder name Quantity Status of the
shareholder % with Conditional Quantity
shares
held
Guangdong State-owned 40.83% 513,328,290 409,948,548 Freeze 103,379,742
Communication legal person
Guangdong State-owned 1.56% 19,582,228 19,582,228
Expressway Co., Ltd legal person non
Haerbin Hali Domestic 1.44% 18,153,092
Industry Co., Ltd. State-owned
Xinyue Co., Ltd. Overseas legal 1.05% 13,201,086
Guangdong Yuecai person
State-owned 0.97% 12,174,345
Trust Investment legal person
Li Zhuo Domestic Natural 0.91% 11,430,083
Liu Feng person Natural
Domestic 0.3% 3,823,852
person
Shanxi Huiteng Domestic non 0.3% 3,807,289
State-owned
International Freight Domestic Natural
Hu Maohua 0.24% 3,059,280
person
Lu Weiqiang Domestic Natural 0.23% 2,953,992
person Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Guangdong Communication Group RMB Common
103,379,742 103,379,742
Co., Ltd. shares
RMB Common
Haerbin Hali Industry Co., Ltd. 18,153,092 18,153,092
shares
Foreign shares
Xinyue Co., Ltd. 13,201,086 13,201,086
placed in
4
domestic
exchange
Guangdong Yuecai Trust Investment RMB Common
12,174,345 12,174,345
Co., Ltd. shares
RMB Common
Li Zhuo 11,430,083 11,430,083
shares
RMB Common
Liu Feng 3,823,852 3,823,852
shares
Shanxi Huiteng International Freight RMB Common
3,807,289 3,807,289
Forwarding Co., Ltd. shares
Foreign shares
placed in
Hu Maohua 3,059,280 3,059,280
domestic
exchange
Foreign shares
placed in
Lu Weiqiang 2,953,992 2,953,992
domestic
exchange
Foreign shares
placed in
Chen Shukai 2,533,600 2,533,600
domestic
exchange
Guangdong Communication Group Co., Ltd. is the parent company of Guangdong
Expressway Co., Ltd. and Xinyue Co., Ltd.. It is unknown whether there is relationship
Explanation on associated relationship
between other shareholders and whether they are persons taking concerted action specified
among the aforesaid shareholders
in the Regulations on Disclosure of Information about Change in Shareholding of
Shareholders of Listed Companies.
Harbin Hali Industry Co., Ltd. holds 18,152,811 A shares of the Company through stock
account with credit transaction and guarantee and holds 281 A shares through ordinary
stock account. hold 18,153,092 shares of the Company's stock totally；Li Zhuo holds
Top 10 shareholders taking part in
11,386,503 A shares of the Company through stock account with credit transaction and
margin financing and securities lending
guarantee and holds43,580 A shares through ordinary stock account, hold 11,430,083
( if any)
shares of the Company's stock totally；Liu Feng holds 3,823,852 A shares of the Company
through stock account with credit transaction and guarantee and holds100 A shares through
ordinary stock account. hold 3,823,852 shares of the Company's stock totally.
Did any shareholder of the Company carry out an agreed buy-back in the reorting period?
□ Yes √ No
5
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
（I）subjects in balance sheet items changed a lot compared with the beginning of this year and the reasons
1.Accounts receivable increased by RMB 73.92 million and 263.37% over the beginning of the year mainly due to
increase of toll income receivable from United Electronic Toll Center by Guangfo Expressway Co., Ltd. and
Guangdong Fokai Expressway Co., Ltd.
2.Dividends receivable increased by RMB 23.82 million and 143.05% over the beginning of the year , The reason
is that within the current period, the parent company withdrew the investment income of RMB RMB40.46 million
from China Everbright Bank Co.,Ltd., and received the cash dividends of RMB 16.65 million from Jingzhu
Expressway Co., Ltd. Guangzhu Section.
3.Accounts payable decreased by RMB 138 million and 43.55% over the beginning of the year , Mainly due to
Since the extension project of Xiebian-Sanbao Section of Fokai Expressway has been accomplished the project
checking and acceptance, and has already been open to traffic, the project payment schedule has been tightened,
the project funds balance will be deducted by RMB 125 million after the due payment in the current period, (2)
Guangfo Expressway Co., Ltd. has paid the required project funds and labor cost of last year with the amount of
RMB 11.61 million .
4. Tax payable increased by RMB 14.20 million and 121.24% over the beginning of the year, The reason is that
the increase of total profit of the period leads to the corresponding increase of payable corporate income tax of the
period.
5.Interest payable increased by RMB 26.88 million and 74.90% over the beginning of the year , The main reason
is that the parent company withdrew the interest of Medium Term Note of RMB 16.97 million and the interest of
corporate bonds of RMB 10.20 million .
(II)Subjects in Profit statement items changed a lot compared with the beginning of this year and the reasons
1.Operating income increased by RMB13.53 million and 4.37% year on year, The main reason is that Guangfo
Expressway Co., Ltd and Fokai Expressway Co., Ltd have increased their incomes of toll due to the natural
increase of traffic volume.
2.Operating cost decreased by RMB 25.32 million and 13% year on year , The main reason is that the extension
project of Xiebian-Sanbao Section of Fokai Expressway will have the accounting estimate changes, which will
lead to a depreciation amount of RMB 24.70 million.
3.Investment income increased by RMB 50.22 million and 66.92% year on year, The main reason: (1) within the
current period, it is confirmed that China Everbright Bank Co.,Ltd. had the investment income of RMB 40.46
million , and the income of the same period of last year was confirmed in the second quarter; (2) Also duo to the
natural increase of traffic volume of Guangdong Guanghui Expressway, and the open to traffic of Boshen
Expressway which increased the total traffic volume, the income of Guanghui Expressway Co., Ltd has been
increased prominently, in which the net profit was increased by RMB34.49 million , while the investment income
was increased by RMB 10.35 million.
4. Income tax increased by RMB 11.02 million and 202.11% year on year , The reason is that the total profit
increase leads to the increase of income tax expense.
5. The net profit for the owners of the parent company increased by RMB 71.97 million and 322.49% year on year
due to the combined influence of the above factors.
(III) Subjects in cash flow statement items changed a lot compared with the beginning of this year and the reasons
6
1.Other cash receivable related to operating activities
The main accounting is to check the liquidation accounts of Guangfo Expressway Co., Ltd and Fokai Expressway
Co., Ltd which received the cash toll revenue to be split larger than the net inflow of the split and set-aside part,
and to check other aspects such as the cash inflow of the accounts current, rental income of investment property,
and the governmental subsidy which excludes the tax refunds, and other kinds of cash incomes, the incomes of the
period has been increased by RMB 47.04 million compared with that of last year, with an increase rate of
165.66%, and the main reason is the “Integrated Network” system of Guangdong Province has just been in a
initial operation stage since March 2014, while the Toll Charge Split work of Guangfo Expressway Co., Ltd and
Fokai Expressway Co., Ltd has been impacted due to the system data's configuration, which made the split can’t
be confirmed in time.
2.Cash paid for goods and services
The main accounting is to check the expenses of payable dedicated project, maintenance and the service
charge of network toll collection, etc, which decreased by RMB 16.98 million in total, compared with the same
period of last year, with a decrease rate of 43.07%, mainly because the payable project funds of the period has
been decreased by RMB 17.74 million referring Guangfo Expressway Co., Ltd and Fokai Expressway Co., Ltd.
3. Other cash payment related to operating activities
The main accounting is to check the cash outflow of the accounts current, service charge of intermediary agency,
office expense, rental expense, and IPO listing expense, etc, which has been decreased by RMB 37.12 million ,
comparatively, with a decrease rate of 75.44%, mainly because that the extension project of Xiebian-Sanbao
Section of Fokai Expressway has been accomplished by the end of 2012, and has already been open to traffic, and
the refunded performance bond and the tender bond of the period has been decreased by RMB 32 million
compared with the same period of last year. Guangfo Expressway Co., Ltd Guangfo Expressway Co., Ltd
paid the project quality guarantee deposit of RMB2.5 million in the same period of last year, which does not need
to be paid again in this period, therefore the expense is reserved.
4. Cash received from returns on investment
The main accounting is to check the cash dividends produced by equity investment. The company has
obtained the cash dividends allocated by Jingzhu Expressway Guangzhu Section of RMB 16.65 million , and the
cash dividends allocated by the No.1 partnership enterprise of Gaungdong Network Investment (limited
partnership) of RMB 0. 5566 million, decreased by RMB 13.67 million, with a decrease rate of 44.16%, which is
because of the decrease in cash dividends allocated by joint stock companies of the period.
5. Cash received from absorption of investment decreased by RMB 3.12 million and 100% year on year , Since
the extension project of Xiebian-Sanbao Section of Fokai Expressway has been accomplished the project checking
and acceptance, and has already been open to traffic, as well as the accomplishment of major maintenance of
Guangdong Fokai Expressway Co., Ltd has not received any investment funds from other shareholders within this
period.
6. The cash received from obtaining loans decreased by RMB 1.252 billion and 100% year on year,
The company has no borrowing in current period.
7. Cash paid for debt repayment decreased by RMB 491 million and 75% year on year, The cash paid in current
period for repayment of debt was RMB 164 million. Guangdong Fokai Expressway Co., Ltd. Repaid all the bank
loans.
7
II．Prediction of Business performance for January- June 2014.
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□Applicable √ Not applicable
III. Securities investment
Number
Shareho Shareho
of Number
lding lding Book
shares of
proporti proporti balance Gain.
Initial held at shares
on at the on at the at the loss of
Short investm the held at Account Sauce
Security Security beginnin end of end of the
form of ent beginnin the end ing of the
category code g of the the the reportin
security cost(RM g of the of the items shares
reportin reportin reportin g period
B) reportin reportin
g g g period (RMB)
g g period
period( period( (RMB)
period(s (shares)
%) %)
hares)
Long-ter
China
528,000,0 240,000,0 235,254,9 m equity Subscribe
Stock 601818 Everbrigh 0.59%
00.00 00 44 investmen on 2009
t Bank
t
528,000,0 240,000,0 235,254,9
Total -- -- -- --
00.00 00 44
Disclosure date for the notice of July 22, 2009
approval bydate for the notice of
Disclosure the Board
approval by shareholders’ August 7, 2009
Meeting (If any)
Notes to holding of the equity in other listed companies
□ Applicable √ Not applicable
8
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 833,968,297.59 976,468,685.82
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable
Account receivable 101,822,320.98 27,898,415.37
Prepayments 2,410,908.20 2,921,945.75
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 12,444.44
Dividend receivable 40,463,850.37 16,648,284.74
Other account receivable 22,376,273.17 27,827,811.48
Repurchasing of financial assets
Inventories
Non-current asset due in 1 year
Other current asset 5,600,560.00 5,001,000.00
Total of current assets 1,006,642,210.31 1,056,778,587.60
Non-current assets：
Loans and payment on other’s
behalf disbursed
Disposable financial asset 583,432,261.12 625,778,151.04
9
Expired investment in possess
Long-term receivable
Long term share equity
3,325,808,630.92 3,241,637,484.40
investment
Property investment 4,496,557.93 4,612,611.28
Fixed assets 7,565,625,431.86 7,696,941,214.30
Construction in progress 10,933,486.56 8,332,139.39
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 4,975,389.68 5,326,522.51
R & D petrol
Goodwill
Long-germ expenses to be
8,700,915.60 8,596,068.39
amortized
Differed income tax asset 46,472,735.10 46,472,735.10
Other non-current asset
Total of non-current assets 11,550,445,408.77 11,637,696,926.41
Total of assets 12,557,087,619.08 12,694,475,514.01
Current liabilities
Short-term loans
Loan from Central Bank
Deposit received and hold for
others
Call loan received
Trade off financial liabilities
Bill payable
Account payable 179,391,859.91 317,797,859.76
Advance payment 4,322,001.33 4,405,334.64
Selling of repurchased financial
assets
Fees and commissions receivable
Employees’ wage payable 2,174,341.25 2,378,720.62
Tax payable 25,914,910.26 11,713,374.15
10
Interest payable 62,767,593.55 35,887,681.26
Dividend payable 23,307,575.52 37,860,468.95
Other account payable 329,528,491.28 255,719,356.70
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 856,567,144.67 857,757,334.35
Other current liability
Total of current liability 1,483,973,917.77 1,523,520,130.43
Non-current liabilities：
Long-term loan 4,831,920,000.00 4,993,761,250.00
Bond payable 997,000,000.00 997,000,000.00
Long-term payable 2,022,210.11 2,022,210.11
Special payable
Expected liabilities
Differed income tax liability 126,432,388.76 125,427,487.64
Other non-current liabilities
Total of non-current liabilities 5,957,374,598.87 6,118,210,947.75
Total of liability 7,441,348,516.64 7,641,731,078.18
Owners’ equity
Share capital 1,257,117,748.00 1,257,117,748.00
Capital reserves 1,600,630,099.89 1,642,975,989.81
Less：Shares in stock
Special reserves
Surplus reserves 233,750,778.75 233,750,778.75
Common risk provision
Undistributed profit 1,198,418,971.43 1,104,154,555.90
Different of foreign currency
translation
Total of owner’s equity belong to
4,289,917,598.07 4,237,999,072.46
the parent company
Minority shareholders’ equity 825,821,504.37 814,745,363.37
Total of owners’ equity 5,115,739,102.44 5,052,744,435.83
Total of liabilities and owners’ 12,557,087,619.08 12,694,475,514.01
11
equity
Legal representative ：Zhu Zhanliang
General Manager: Xiao Laijiu
Person-in-charge of the accounting work：Yun Wujun
Person-in -charge of the accounting organ：Liu Xiaomei
2. Balance sheet of Parent Company
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 635,651,799.96 782,174,175.59
Trading financial assets
Bill receivable
Account receivable
Prepayments 628,580.00 1,378,580.00
Interest receivable 1,311,398.61 1,294,211.12
Dividend receivable 77,351,058.39 90,422,700.78
Other account receivable 2,901,837.29 2,896,626.91
Inventories
Non-current asset due in 1 year
Other current asset 305,600,560.00 680,001,000.00
Total of current assets 1,023,445,234.25 1,558,167,294.40
Non-current assets：
Disposable financial asset 583,432,261.12 625,778,151.04
Expired investment in possess
Long-term receivable
Long term share equity
5,728,924,266.84 5,642,264,637.88
investment
Property investment 4,244,419.68 4,360,473.03
Fixed assets 7,227,031.69 7,732,964.17
12
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 950,833.34 915,666.67
R & D petrol
Goodwill
Long-germ expenses to be
6,230,046.94 5,956,652.35
amortized
Differed income tax asset
Other non-current asset 405,000,000.00 30,000,000.00
Total of non-current assets 6,736,008,859.61 6,317,008,545.14
Total of assets 7,759,454,093.86 7,875,175,839.54
Current liabilities
Short-term loans
Trade off financial liabilities
Bill payable
Account payable
Advance payment
Employees’ wage payable 510,658.99 546,839.09
Tax payable 1,911,088.79 2,335,313.62
Interest payable 56,410,694.34 29,235,694.35
Dividend payable 11,011,839.52 11,013,452.27
Other account payable 6,394,370.26 6,652,222.81
Non-current liability due in 1 year 799,367,144.67 798,713,584.35
Other current liability 144,478,933.96 308,172,232.80
Total of current liability 1,020,084,730.53 1,156,669,339.29
Non-current liabilities：
Long-term loan 1,500,000,000.00 1,500,000,000.00
Bond payable 997,000,000.00 997,000,000.00
Long-term payable 2,022,210.11 2,022,210.11
Special payable
Expected liabilities
13
Differed income tax liability
Other non-current liabilities
Total of Non-current liabilities 2,499,022,210.11 2,499,022,210.11
Total of liability 3,519,106,940.64 3,655,691,549.40
Owners’ equity
Share capital 1,257,117,748.00 1,257,117,748.00
Capital reserves 1,600,778,240.64 1,643,124,130.56
Less：Shares in stock
Special reserves
Surplus reserves 233,750,778.75 233,750,778.75
Provision of general risk
Undistributed profit 1,148,700,385.83 1,085,491,632.83
Different of foreign currency
translation
Total of owners’ equity 4,240,347,153.22 4,219,484,290.14
Total of liabilities and owners’
7,759,454,093.86 7,875,175,839.54
equity
Legal representative ：Zhu Zhanliang
General Manager: Xiao Laijiu
Person-in-charge of the accounting work：Yun Wujun
Person-in -charge of the accounting organ：Liu Xiaomei
3.Consolidated Profit Statement
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 323,221,984.23 309,689,847.08
Incl：Business income 323,221,984.23 309,689,847.08
Interest income
Insurance fee earned
Fee and commission received
14
II. Total business cost 327,153,713.12 353,321,695.04
Incl：Business cost 169,526,484.43 194,848,874.29
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 11,856,169.81 10,876,584.41
Sales expense
Administrative expense 38,620,773.53 40,507,972.07
Financial expenses 107,150,285.35 107,088,264.27
Asset impairment loss
Add ： Gains from change of fir
value （“-”for loss）
Investment gain（“-”for loss） 125,264,123.94 75,046,562.68
Incl: investment gains from
84,171,146.52 75,046,562.68
affiliates
Gains from currency exchange
（“-”for loss）
III. Operational profit（“-”for loss 121,332,395.05 31,414,714.72
Add：Non-business income 594,846.98 1,032,236.14
Less：Non business expenses 86,178.41 8,321.77
Incl ： Loss from disposal of
non-current assets
IV.Total profit(“-”for loss) 121,841,063.62 32,438,629.09
Less：Income tax expenses 16,472,530.44 5,452,526.83
V. Net profit（“-”for net loss） 105,368,533.18 26,986,102.26
Including: Net profit realized by
the entity taken over before the
takover
Net profit attributable to the
94,292,392.18 22,318,156.43
owners of parent company
Minority shareholders’ equity 11,076,141.00 4,667,945.83
VI. Earnings per share： -- --
15
（I）Basic earnings per share 0.08 0.02
(II)Diluted earnings per share 0.08 0.02
VII. Other comprehensive income -42,345,889.92 40,800,000.00
VIII. Total comprehensive income 63,022,643.26 67,786,102.26
Total comprehensive income
attributable to the owner of the 51,946,502.26 63,118,156.43
parent company
Total comprehensive income
11,076,141.00 4,667,945.83
attributable minority shareholders
Legal representative ：Zhu Zhanliang
General Manager: Xiao Laijiu
Person-in-charge of the accounting work：Yun Wujun
Person-in -charge of the accounting organ：Liu Xiaomei
4. Profit statement of the Parent Company
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 11,722,900.37 1,800,295.99
Less：Business cost 116,053.35 116,053.35
Business tax and surcharge 660,798.32 37,318.65
Sales expense
Administrative expense 21,299,974.10 23,371,368.80
Financial expenses 54,203,702.58 42,739,210.38
Asset impairment loss
Add：Gains from change of for
value （“-”for loss）
Investment gain（“-”for loss） 127,752,606.38 75,046,562.68
Incl: investment gains from
86,659,628.96 75,046,562.68
affiliates
II. Operational profit（“-”for loss） 63,194,978.40 10,582,907.49
Add：Non-business income 13,774.60
16
Less：Non- business expenses 297.86
Incl：Loss from disposal of
non-current assets
III.Total profit(“-”for loss) 63,208,753.00 10,582,609.63
Less：Income tax expenses
IV. Net profit（“-”for net loss） 63,208,753.00 10,582,609.63
V. Earnings per share： -- --
（I）Basic earnings per share 0.05 0.01
(II)Diluted earnings per share 0.05 0.01
VI. Other comprehensive income -42,345,889.92 -7,200,000.00
VII. Total comprehensive income 20,862,863.08 3,382,609.63
Legal representative ：Zhu Zhanliang
General Manager: Xiao Laijiu
Person-in-charge of the accounting work：Yun Wujun
Person-in -charge of the accounting organ：Liu Xiaomei
5. Consolidated Cash flow statement
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating
activities
Cash received from sales of goods
247,532,769.33 264,898,291.00
or 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
17
Net cash received from
reinsurance business
Net increase of client deposit and
investment
Net increase of trade financial
asset disposal
Cash received as interest,
processing fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Tax returned
Other cash received from business
75,435,792.90 28,395,583.75
operation
Sub-total of cash inflow 322,968,562.23 293,293,874.75
Cash paid for purchasing of
22,447,424.62 39,431,044.77
merchandise and services
Net increase of client trade and
advance
Net increase of savings n central
bank and brother company
Cash paid for original contract
claim
Cash paid for interest, processing
fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for
54,907,879.71 53,319,249.00
staffs
Taxes paid 12,171,388.08 11,174,517.99
Other cash paid for business
12,082,357.86 49,201,996.39
activities
Sub-total of cash outflow from
101,609,050.27 153,126,808.15
business activities
Cash flow generated by business
221,359,511.96 140,167,066.60
operation, net
II.Cash flow generated by
investing
18
Cash received from investment
retrieving
Cash received as investment gains 17,281,715.79 30,949,334.45
Net cash retrieved from disposal
of fixed assets, intangible assets, 222,100.00
and other long-term assets
Net cash received from disposal
of subsidiaries or other
operational units
Net cash received from disposal
of subsidiaries or other
operational units
Sub-total of cash inflow due to
17,503,815.79 30,949,334.45
investment activities
Cash paid for construction of
fixed assets, intangible assets and 123,729,143.04 175,927,848.39
other long-term assets
Cash paid as investment 603,864.00
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
124,333,007.04 175,927,848.39
investment activities
Net cash flow generated by
-106,829,191.25 -144,978,513.94
investment
III.Cash flow generated by
financing
Cash received as investment 3,119,600.00
Incl: Cash received as investment
from minor shareholders
Cash received as loans 1,252,300,000.00
Cash received from bond placing
Other financing –related ash
received
19
Sub-total of cash inflow from
1,255,419,600.00
financing activities
Cash to repay debts 163,685,000.00 654,645,000.00
Cash paid as dividend, profit, or
90,346,280.68 77,892,863.20
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing
3,000,000.00 3,000,000.00
activities
Sub-total of cash outflow due to
257,031,280.68 735,537,863.20
financing activities
Net cash flow generated by
-257,031,280.68 519,881,736.80
financing
IV. Influence of exchange rate
alternation on cash and cash 571.74 -274.95
equivalents
V.Net increase of cash and cash
-142,500,388.23 515,070,014.51
equivalents
Add: balance of cash and cash
equivalents at the beginning of 976,468,685.82 798,485,320.49
term
VI.Balance of cash and cash
833,968,297.59 1,313,555,335.00
equivalents at the end of term
Legal representative ：Zhu Zhanliang
General Manager: Xiao Laijiu
Person-in-charge of the accounting work：Yun Wujun
Person-in -charge of the accounting organ：Liu Xiaomei
6. Cash flow statement of the Parent Company
Prepared by:：Guangdong Provincial Expressway Development Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating
activities
20
Cash received from sales of goods
1,077,962.11 1,128,279.32
or rending of services
Tax returned
Other cash received from business
2,051,331.41 1,616,318.17
operation
Sub-total of cash inflow 3,129,293.52 2,744,597.49
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for
14,503,215.51 15,734,815.65
staffs
Taxes paid 1,091,789.52 366,034.72
Other cash paid for business
170,591,662.09 113,836,772.37
activities
Sub-total of cash outflow from
186,186,667.12 129,937,622.74
business activities
Cash flow generated by business
-183,057,373.60 -127,193,025.25
operation, net
II.Cash flow generated by
investing
Cash received from investment
retrieving
Cash received as investment gains 54,168,923.81 30,949,334.45
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 cash receivable for
385,575,979.17 295,111.11
investment activities
Sub-total of cash inflow due to
439,744,902.98 31,244,445.56
investment activities
Cash paid for construction of
fixed assets, intangible assets and 42,500.00 940,516.00
other long-term assets
Cash paid as investment 603,864.00 40,150,500.00
Net cash received from
subsidiaries and other operational
21
units
Other cash paid for investment
375,000,000.00 200,000,000.00
activities
Sub-total of cash outflow due to
375,646,364.00 241,091,016.00
investment activities
Net cash flow generated by
64,098,538.98 -209,846,570.44
investment
III.Cash flow generated by
financing
Cash received from absorbing
investment
Cash received as loans 750,000,000.00
Cash received from bond placing
Other financing –related ash
received
Sub-total of cash inflow from
750,000,000.00
financing activities
Cash to repay debts
Cash paid as dividend, profit, or
24,564,112.75 12,289,138.87
interests
Other cash paid for financing
3,000,000.00 3,000,000.00
activities
Sub-total of cash outflow due to
27,564,112.75 15,289,138.87
financing activities
Net cash flow generated by
-27,564,112.75 734,710,861.13
financing
IV. Influence of exchange rate
alternation on cash and cash 571.74 -274.95
equivalents
V.Net increase of cash and cash
-146,522,375.63 397,670,990.49
equivalents
Add: balance of cash and cash
equivalents at the beginning of 782,174,175.59 625,270,216.39
term
VI.Balance of cash and cash
635,651,799.96 1,022,941,206.88
equivalents at the end of term
Legal representative ：Zhu Zhanliang
22
General Manager: Xiao Laijiu
Person-in-charge of the accounting work：Yun Wujun
Person-in -charge of the accounting organ：Liu Xiaomei
II. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
This report is not audited.
23
