Guangdong Electric Power Development Co., Ltd. The Third Quarterly Report 2011 §I Important Statement 1.1 The Board of Directors, Supervisory Committee, Directors , Supervisors, Senior Executives of the Company hereby warrant that there are no misstatement, misleading representation or important omissions in this report and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof. 1.2 Other directors attended the meeting on examining the Annual except for the following directors. Name absent Title Reason of absence Name of entrusted director Pan Li Board chairman Due to business Liu Qian Li Zhuoxian Director Due to business Li Mingliang Hong Rongkun Director Due to business Li Mingliang Gao Shiqiang Director Due to business Liu Qian Wang Jin Director Due to business Lin Shizhuang Independent Wang Jun Due to business Zhu Weiping Director Independent Feng Xiaoming Due to business Song Xianzhong Director 1.3 The Third quarterly financial report of the Company is not audited . 1.4 Chairman of the Board of Directors, Pan Li, General Manager, Lin Shizhuang, Financial Deputy General Manager and Financial Principal , Li Xiaoqing represent and warrant the financial and accounting report in the Quarterly report is true and complete. English translation for reference only. Should there be any inconsistency between the Chinese and English versions, the Chinese version shall prevail. §2 Basic Information 2.1 Highlights of Accounting Data and Financial Indicators Unit:RMB 2011.9.30 2010.12.31 Increase /decrease(%) Total assets(RMB) 38,192,583,129.00 34,596,318,255.00 10.39% Owner’s equity attributable to shareholders of the listed company 10,250,810,681.00 10,165,754,201.00 0.84% (RMB) Stock capital(shares) 2,797,451,138.00 2,797,451,138.00 0.00% Net assets per share attributable to shareholders of the listed company 3.66 3.63 0.83% (yuan/shares) Increase/decrease in Increase/decrease in the report period the report period January-September July-September 2011 compared with the compared with the 2011 same period of the same period of the last year(%) last year(%) Total turnover(RMB) 4,029,756,060.00 18.05% 10,500,517,745.00 8.65% Net profit attributable to owners of parent 97,842,300.00 -59.83% 415,491,040.00 -38.36% company(RMB) Net cash flow arising from operating - - 1,455,576,726.00 -7.17% activities(RMB) Net cash flow per share arising from - - 0.52 -7.14% operating activities(RMB/share) Basic earnings per share(RMB/share) 0.03 -66.67% 0.15 -40.00% 1 Diluted earnings per share(RMB/share) 0.03 -66.67% 0.15 -40.00% Weighted average return on equity(%) 0.95% -1.50% 4.04% -2.51% Weighted average return on equity after deducting non-recurring gains and losses 2.58% 0.26% 5.54% -0.78% (%) Items of non-current gains and losses Year begin to end of report period Notes Profit & loss arising from entrusting Loan 27,102,359.56 Except the above items, other non-operating earning and expenditure 2,536,377.34 The provision for impairment of assets made due to force majeure such -283,359,377.00 as natural calamities Amount of influence of income tax -19,735,818.40 Amount of influence of minority interests 119,367,064.67 Total -154,089,393.83 - 2.2 Total number of shareholders in the end of the report period and shares held by the top ten shareholders with unrestricted conditions Unit:shares Total number of shareholders at the end of report 145,598 period Share held by the top ten shareholders with unrestricted conditions Number of Unconditional shares held at Name of the shareholder Type of shares the period-end Guangdong Yudean Group Co., Ltd. 1,232,256,158 RMB common shares Shenzhen Guangfa Electric Power Investment 101,777,185 RMB common shares Co., Ltd. Guangdong Electric Power Development 78,639,451 RMB common shares Company Guangdong Guangkong Group Co., Ltd. 23,610,428 RMB common shares China Construction Bank-Penghua Value Advantage Stock-linked 14,468,781 RMB common shares Security Investment Fund Boshi Increase securities Investment Fund 12,000,000 RMB common shares Foreign shares placed in domestic Natio Securities Co., Ltd. 10,975,392 exchange China Xinda Asset Management Company 10,900,000 RMB common shares CHINA INT'L CAPITAL CORP HONG KONG Foreign shares placed in domestic 10,259,685 SECURITIES LTD exchange National SecialInsurance Fund 103 Combination 9,999,923 RMB common shares 2.3 Bond holding by top 10 corporate bond holders Holder Number China Pacific Life Insurance Co., Ltd.-Universal-Universal insurance Group 2,450,000 China Life insurance Co., Ltd 2,388,140 Xinhua Life insurance Co., ltd.-Universal-Deyi Management -018L-WN001Shen 2,200,000 Zhongying Life insurance Co., ltd. 2,114,775 China Post Office Saving Bank Co., Ltd. 2,000,000 2 China Ping An Life Insurance Co., Ltd. 1,600,000 Zhongyou Financial Co., Ltd 1,336,678 Taikang Life insurance Co., Ltd - Dividend Distribution - Group 1,000,000 Dividends-019L-FH001Shen Taikang Life insurance Co., Ltd-Universal--Universal individual 999,800 insurance China Ping An Insurance (Group) Co., Ltd. 800,000 2.4 The power output and on-grid electricity volume of the controlled subsidiaries of the Company Year begin to Period of the Index Increase(±%) end of report last year Shajiao Power Plant A 66.25 63.43 4.45% Zhangjiang Power plant 59.23 57.22 3.51% Guangdong Yuejia Power Co., Ltd. 11.21 18.39 -39.04% Power Guangdong Shaoguan Yuejiang Power Co., Ltd. 27.10 24.98 8.49% output(Bill ion kwh) Maoming Zhenneng 27.52 26.11 5.40% Thermoelectric .Co., Ltd Guangdong Yudean Jinghai Power Co., Ltd. 57.08 48.71 17.18% Zhanjiang Zhongyue Energy Co., Ltd. 5.04 — — Guangdong Yudean Zhanjiang Wind power Co., Ltd. 0.70 0.69 1.45% Shajiao Power Plant A 61.44 58.77 4.54% Zhangjiang Power plant 55.66 53.90 3.27% On-grid Guangdong Yuejia Power Co., Ltd. 10.28 16.78 -38.74% Electric Guangdong Shaoguan Yuejiang Power Co., Ltd. 24.96 22.59 10.49% ity volume(b Maoming Zhenneng 25.41 24.06 5.61% illion Thermoelectric .Co., Ltd kwh) Guangdong Yudean Jinghai Power Co., Ltd. 53.84 45.75 17.68% Zhanjiang Zhongyue Energy Co., Ltd. 4.69 — — Guangdong Yudean Zhanjiang Wind power Co., Ltd. 0.65 0.66 -1.52% §3 Significant Events 3.1 Particular about large-margin change of main accounting statement item and financial index and its reason. √ applicable □ not applicable Based on the principle of prudence, for the purpose of giving more truthful and accurate view of the status of its assets and in accordance with Accounting Standards for Business Enterprises and relevant accounting policies of the Company, the Company made provision of RMB 283.36 million for impairment loss in respect of assets of Yuejia Company in the consolidated statements for the third quarter and provision of RMB 297.5969 million for impairment loss in respect of long-term investment in Yuejia Company in the parent statements for the third quarter. Such provision decreased the net profit for the parent company by RMB 297.5969 million and the net profit for the owners of the parent company in consolidated statements by RMB 164.35 million. The percentage of year-on-year decrease is 59.83%. 3 3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving proposal. □applicable √ not applicable 3.2.1 Non-standard Opinion □applicable √ not applicable 3.2.2 The Company provided funds to its controlling shareholder or related parties and provided guarantees in violation of established procedures. □applicable √ not applicable 3.2.3 Signing and performance of significant contracts for daily operation □applicable √ not applicable 3.2.4 Other √ applicable □ not applicable In the report period, the 3rd meeting of the seventh board of directors decided to continue the significant asset reorganization concerning assets purchase through issuing shares to the controlling shareholder, adjust, revise and perfect the reorganization scheme according to relevant opinions of CSRC and resubmit it to CSRC for examination as soon as possible. At present, the listing of the Company's stocks has been suspended. Relevant work including audit, appraisal and legal service is underway. The continuation of the Company's reorganization is consistent with the Company's long-term development target and serves the interests of the Company and all shareholders. 3.3 The fulfillment of the commitment made by the Company , shareholders and the actual controller √ applicable □ not applicable Items of commitments Promisee Content of commitments Implementation Promise in share holding structure N/A N/A N/A reform Commitments made in Acquisition Report or Reports on Change in N/A N/A N/A interests Commitments made in Material N/A N/A N/A assets Reorganization Commitments made in issuing N/A N/A N/A 138,047,138 RMB ordinary shares (A shares) privately issued by the Company to Guangdong Yudean Group Co., Ltd., its controlling Other commitments(Including: Guangdong shareholder, were listed at Shenzhen Stock Yudean Group Under fulfillment supplementary commitments) Exchange from May 25, 2010. Yudean Group Co., Ltd. promised not to assign the stocks of Yue Dian Li owned by it within 36 months from the said day of listing. 4 3.4 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 3.5 Other significant events need to be explained 3.5.1 Stock investment □applicable √ not applicable 3.5.2 Reception of investigations, communications ,or interviews company held in the report period. □applicable √ not applicable 3.6 Particulars about derivatives investment □applicable √ not applicable 3.6.1 Particulars about the positions of derivatives investment at the end of report period. □applicable √ not applicable §4 Appendix 4.1 Balance sheet Prepared by:Guangdong Electric Power Development Co., Ltd. September 30,2011 Unit:RMB Year-end balance Year-beginning balance Items Consolidated Parent company Consolidated Parent company Current asset: Monetary fund 2,365,682,067.00 289,613,637.00 1,894,021,204.00 659,395,980.00 Settlement provision Outgoing call loan Trading financial assets Bill receivable Account receivable 1,903,832,747.00 374,146,814.00 1,841,038,374.00 442,971,470.00 Prepayments 1,303,452,651.00 178,281,170.00 668,596,257.00 177,510,400.00 Insurance receivable Reinsurance receivable Provisions of Reinsurance contracts receivable Interest receivable 516,147.00 71,713.00 223,800.00 Dividend receivable 11,935,243.00 9,155,096.00 Other account receivable 241,042,383.00 376,405,693.00 572,285,959.00 553,478,108.00 Repurchasing of financial assets 5 Inventories 805,045,004.00 198,087,987.00 852,247,851.00 147,588,932.00 Non-current asset due in 1 year Other current asset 37,747,262.00 Total of current assets 6,657,318,261.00 1,428,542,257.00 5,828,413,445.00 1,990,099,986.00 Non-current assets: Loans and payment on other’s behalf disbursed Disposable financial asset 285,231,450.00 285,231,450.00 353,104,045.00 353,104,045.00 Expired investment in possess Long-term receivable 487,012,135.00 528,780,000.00 33,326,446.00 15,580,000.00 Long term share equity 6,156,130,920.00 13,405,236,843.00 5,469,169,354.00 12,138,988,785.00 investment Property investment 12,269,126.00 12,269,126.00 12,743,846.00 12,743,846.00 Fixed assets 12,430,878,366.00 1,108,841,830.00 11,207,225,955.00 1,230,337,302.00 Construction in progress 9,862,202,284.00 70,392,963.00 9,964,066,605.00 21,272,816.00 Engineering material 1,720,270,384.00 1,154,219,103.00 Fixed asset disposal 15,506,226.00 351,217.00 13,259,341.00 Production physical assets Gas & petrol Intangible assets 467,330,877.00 108,712,106.00 471,880,558.00 111,321,196.00 R & D petrol Goodwill Long-germ expenses to be amortized Differed income tax asset 98,433,100.00 13,061,592.00 88,909,557.00 Other non-current asset Total of non-current assets 31,535,264,868.00 15,532,877,127.00 28,767,904,810.00 13,883,347,990.00 Total of assets 38,192,583,129.00 16,961,419,384.00 34,596,318,255.00 15,873,447,976.00 Current liabilities Short-term loans 8,878,000,000.00 3,420,000,000.00 8,327,500,000.00 3,670,000,000.00 Loan from Central Bank Deposit received and hold for others Call loan received Trade off financial liabilities Bill payable 433,083,604.00 110,000,000.00 Account payable 2,750,026,687.00 469,182,878.00 2,636,633,053.00 362,866,001.00 Advance payment 24,201,597.00 5,496,327.00 2,091,859.00 1,629,002.00 Selling of repurchased financial assets Fees and commissions receivable 6 Employees’ wage payable 346,445,678.00 84,588,289.00 248,689,441.00 53,486,508.00 Tax payable -649,373,517.00 -20,884,725.00 -296,863,723.00 25,701,980.00 Interest payable 84,110,116.00 86,146,391.00 108,347,024.00 99,039,629.00 Dividend payable 15,825,477.00 7,595,810.00 12,042,196.00 7,112,529.00 Other account payable 1,058,940,491.00 84,118,016.00 878,339,481.00 60,544,841.00 Reinsurance fee payable Insurance contract provision Entrusted trading of securities Entrusted selling of securities Non-current liability due in 702,198,052.00 40,000,000.00 627,733,453.00 1 year Other current liability Total of current liability 13,643,458,185.00 4,176,242,986.00 12,654,512,784.00 4,280,380,490.00 Non-current liabilities: Long-term loan 7,254,113,710.00 1,040,000,000.00 6,320,720,000.00 Bond payable 1,990,766,696.00 1,990,766,696.00 1,988,739,874.00 1,988,739,874.00 Long-term payable 1,942,372,961.00 498,657,613.00 Special payable Expected liabilities Differed income tax 1,344,864.00 5,251,421.00 3,906,557.00 liability Other non-current liabilities 46,104,033.00 23,076,924.00 44,059,687.00 24,615,385.00 Total of non-current 11,234,702,264.00 3,053,843,620.00 8,857,428,595.00 2,017,261,816.00 liabilities Total of liability 24,878,160,449.00 7,230,086,606.00 21,511,941,379.00 6,297,642,306.00 Owners’ equity Share capital 2,797,451,138.00 2,797,451,138.00 2,797,451,138.00 2,797,451,138.00 Capital reserves 1,833,736,725.00 1,766,867,370.00 1,884,426,171.00 1,817,556,816.00 Less:Shares in stock Special reserve Surplus reserves 3,775,481,032.00 3,775,481,032.00 3,425,241,041.00 3,425,241,041.00 Common risk provision Undistributed profit 1,844,141,786.00 1,391,533,238.00 2,058,635,851.00 1,535,556,675.00 Different of foreign currency translation Total of owner’s equity belong to 10,250,810,681.00 9,731,332,778.00 10,165,754,201.00 9,575,805,670.00 the parent company Minor shareholders’ equity 3,063,611,999.00 2,918,622,675.00 Total of owners’ equity 13,314,422,680.00 9,731,332,778.00 13,084,376,876.00 9,575,805,670.00 Total of liabilities and owners’ 38,192,583,129.00 16,961,419,384.00 34,596,318,255.00 15,873,447,976.00 equity 7 4.2 Profit statement of the report period Prepared by:Guangdong Electric Power Development Co., Ltd. July-September 2011 Unit:RMB Report period Same period of the previous year Items Consolidated Parent company Consolidated Parent company I. Total operating income 4,029,756,060.00 981,176,708.00 3,413,683,082.00 839,687,263.00 Including:Operating income 4,029,756,060.00 981,176,708.00 3,413,683,082.00 839,687,263.00 Interest income Insurance gained Commission charge and commission income II. Total operating cost 4,244,256,671.00 1,320,642,492.00 3,272,800,137.00 801,825,264.00 Including:operating cost 3,656,434,911.00 892,011,125.00 2,995,136,315.00 740,085,619.00 Interest expense Commission charge and commission expense Cash surrender value Net amount of expense of compensation Net amount of withdrawal of insurance contract reserve Bonus expense of guarantee slip Reinsurance expense Operating tax and extras 27,620,835.00 7,856,357.00 -6,705,074.00 -15,752,759.00 Sales expenses 128,338.00 85,533.00 245,872.00 2,140.00 Administration expenses 125,921,340.00 31,558,190.00 158,213,121.00 31,989,664.00 Financial expenses 150,791,870.00 91,534,420.00 125,909,903.00 56,095,466.00 Losses of devaluation of assets 283,359,377.00 297,596,867.00 0.00 -10,594,866.00 Add:changing income of fair value Investment income 249,766,099.00 258,164,838.00 221,493,245.00 331,628,496.00 Including:Investment income on affiliated company and joint venture Exchange income III. Operating profit 35,265,488.00 -81,300,946.00 362,376,190.00 369,490,495.00 Add:non-operating income 1,651,213.00 505,953.00 13,645,422.00 476,662.00 less:non-operating expense 675,319.00 370,951.00 717,714.00 289,496.00 Including:disposal loss of non-current assets IV. Total profit 36,241,382.00 -81,165,944.00 375,303,898.00 369,677,661.00 Less:expense of income tax 50,393,827.00 -7,887,385.00 147,806,461.00 11,062,709.00 V. Net profit -14,152,445.00 -73,278,559.00 227,497,437.00 358,614,952.00 Net profit attributable to owner’s 97,842,300.00 -73,278,559.00 243,577,572.00 358,614,952.00 equity of parent company Minority shareholders’ gains -111,994,745.00 -16,080,135.00 0.00 and losses 8 VI. Earnings per share (i)Basic earnings per share 0.03 0.09 (ii)Diluted earnings per share 0.03 0.09 VII. Other composite income -44,739,793.00 -44,739,793.00 16,417,095.00 16,417,095.00 VIII. Total composite income -58,892,238.00 -118,018,352.00 243,914,532.00 375,032,047.00 Total comprehensive income attributable to owners of parent 53,102,507.00 -118,018,352.00 259,994,667.00 375,032,047.00 Company Total comprehensive income attributable to minority -111,994,745.00 0.00 -16,080,135.00 0.00 shareholders 4.3 Profit statement from Year-begin to period-end Prepared by:Guangdong Electric Power Development Co., Ltd. January-September 2011 Unit:RMB Report period Same period of the previous year Items Consolidated Parent company Consolidated Parent company I. Total operating income 10,500,517,745.00 2,662,996,273.00 9,664,694,482.00 2,500,014,312.00 Including:Operating income 10,500,517,745.00 2,662,996,273.00 9,664,694,482.00 2,500,014,312.00 Interest income Insurance gained Commission charge and commission income II. Total operating cost 10,626,445,549.00 3,023,419,789.00 9,147,781,924.00 2,361,819,826.00 Including:operating cost 9,453,683,019.00 2,360,994,372.00 8,355,989,415.00 2,119,545,132.00 Interest expense Commission charge and commission expense Cash surrender value Net amount of expense of compensation Net amount of withdrawal of insurance contract reserve Bonus expense of guarantee slip Reinsurance expense Operating tax and extras 64,556,914.00 16,924,857.00 7,337,567.00 -15,752,759.00 Sales expenses 454,295.00 259,522.00 448,099.00 59,945.00 Administration expenses 378,529,059.00 98,847,454.00 411,234,604.00 99,808,435.00 Financial expenses 445,862,885.00 248,796,717.00 349,380,508.00 170,592,873.00 Losses of devaluation of assets 283,359,377.00 297,596,867.00 23,391,731.00 -12,433,800.00 Add:changing income of fair value Investment income 548,450,832.00 837,752,191.00 456,728,297.00 708,383,743.00 Including:Investment income on affiliated company and joint venture Exchange income III. Operating profit 422,523,028.00 477,328,675.00 973,640,855.00 846,578,229.00 9 Add:non-operating income 8,470,952.00 2,062,055.00 17,368,255.00 2,038,064.00 less:non-operating expense 5,934,574.00 2,893,700.00 3,099,235.00 934,372.00 Including:disposal loss of non-current assets IV. Total profit 425,059,406.00 476,497,030.00 987,909,875.00 847,681,921.00 Less:expense of income tax 115,527,553.00 -9,464,637.00 276,363,111.00 39,369,281.00 V. Net profit 309,531,853.00 485,961,667.00 711,546,764.00 808,312,640.00 Net profit attributable to owner’s 415,491,040.00 485,961,667.00 674,090,856.00 808,312,640.00 equity of parent company Minority shareholders’ gains -105,959,187.00 37,455,908.00 and losses VI. Earnings per share (i)Basic earnings per share 0.15 0.25 (ii)Diluted earnings per share 0.15 0.25 VII. Other composite income -50,904,446.00 -50,904,446.00 -106,972,245.00 -106,972,245.00 VIII. Total composite income 258,627,407.00 435,057,221.00 604,574,519.00 701,340,395.00 Total comprehensive income attributable to owners of parent 364,586,594.00 435,057,221.00 567,118,611.00 701,340,395.00 Company Total comprehensive income attributable to minority -105,959,187.00 37,455,908.00 shareholders 4.4 Cash flow statement from Year-begin to period-end Prepared by:Guangdong Electric Power Development Co., Ltd. January-September 2011 Unit:RMB Report period Same period of the previous year Items Consolidated Parent company Consolidated Parent company I. Cash flows from operating activities Cash received from sales of 12,463,136,911.00 3,181,743,593.00 10,529,510,502.00 2,831,019,730.00 goods 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 Net cash received from reinsurance business Net increase of client deposit and investment Net increase of trade financial asset disposal 10 Cash received as interest, processing fee and commission Net increase of inter-bank fund received Net increase of repurchasing business Tax returned 4,656,151.00 148,145.00 4,946,948.00 2,062,826.00 Other cash received from 188,379,417.00 34,037,805.00 60,549,894.00 31,376,299.00 business operation Sub-total of cash inflow 12,656,172,479.00 3,215,929,543.00 10,595,007,344.00 2,864,458,855.00 Cash paid for purchasing 9,312,141,914.00 2,254,259,204.00 7,322,392,394.00 1,876,550,113.00 of 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 733,933,972.00 235,312,242.00 657,314,137.00 204,798,718.00 for staffs Taxes paid 906,072,080.00 229,863,503.00 835,024,414.00 263,774,539.00 Other cash paid for business 248,447,787.00 63,434,844.00 212,327,605.00 62,030,727.00 activities Sub-total of cash outflow 11,200,595,753.00 2,782,869,793.00 9,027,058,550.00 2,407,154,097.00 from business activities Cash flow generated by 1,455,576,726.00 433,059,750.00 1,567,948,794.00 457,304,758.00 business operation, net II. Cash flow generated by investing Cash received from 439,354,800.00 439,354,800.00 107,087,025.00 107,087,025.00 investment retrieving Cash received as investment 178,541,039.00 462,840,159.00 299,754,570.00 551,410,015.00 gains Net cash retrieved from disposal of fixed assets, 355,335,321.00 9,740.00 11,039,392.00 38,906.00 intangible assets, and other long-term assets Net cash received from disposal of subsidiaries or other operational units Other investment-related 181,651,715.00 342,586.00 4,448,756.00 45,168,555.00 cash received 11 Sub-total of cash inflow due 1,154,882,875.00 902,547,285.00 422,329,743.00 703,704,501.00 to investment activities Cash paid for construction of fixed assets, intangible 2,840,023,646.00 57,269,938.00 2,525,492,122.00 32,566,844.00 assets and other long-term assets Cash paid as investment 875,673,725.00 1,944,197,084.00 528,383,775.00 1,124,566,575.00 Net increase of loan against pledge Net cash received from subsidiaries and other operational units Other cash paid for 43,681,997.00 481,596.00 47,434,584.00 53,480.00 investment activities Sub-total of cash outflow 3,759,379,368.00 2,001,948,618.00 3,101,310,481.00 1,157,186,899.00 due to investment activities Net cash flow generated by -2,604,496,493.00 -1,099,401,333.00 -2,678,980,738.00 -453,482,398.00 investment III. Cash flow generated by financing Cash received as investment 490,344,145.00 1,050,022,300.00 810,400,000.00 Including : Cash received as investment from minor shareholders Cash received as loans 11,288,520,641.00 4,420,000,000.00 12,831,160,597.00 4,800,000,000.00 Cash received from bond placing Other financing –related 14,499,403.00 11,266,666.00 12,465,937.00 12,346,993.00 ash received Sub-total of cash inflow 11,793,364,189.00 4,431,266,666.00 13,893,648,834.00 5,622,746,993.00 from financing activities Cash to repay debts 8,847,214,174.00 3,590,000,000.00 10,553,987,868.00 4,262,686,450.00 Cash paid as dividend, 1,269,050,013.00 538,189,426.00 1,282,619,959.00 763,681,207.00 profit, or interests Including: Dividend and profit paid by subsidiaries to minor shareholders Other cash paid for 56,519,372.00 6,518,000.00 787,287.00 787,287.00 financing activities Sub-total of cash outflow 10,172,783,559.00 4,134,707,426.00 11,837,395,114.00 5,027,154,944.00 due to financing activities Net cash flow generated by 1,620,580,630.00 296,559,240.00 2,056,253,720.00 595,592,049.00 financing IV. Influence of exchange rate alternation on cash and cash equivalents V.Net increase of cash and 471,660,863.00 -369,782,343.00 945,221,776.00 599,414,409.00 cash equivalents 12 Add: balance of cash and cash equivalents at the 1,894,021,204.00 659,395,980.00 1,738,834,186.00 287,691,522.00 beginning of term VI. Balance of cash and cash 2,365,682,067.00 289,613,637.00 2,684,055,962.00 887,105,931.00 equivalents at the end of term 4.5 Auditor’ report Auditor’s opinions: Not audited 13