The Third Quarterly Report 2016
Guangdong Provincial Expressway Development Co.，Ltd.
The Third Quarterly Report 2016
October 2016
The Third Quarterly Report 2016
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 completion 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. Zheng Renfa, Person in charge of the Company, Mr.Wang Chunhua ,General Manager, Mr. Fang Zhi, Chief of
the accounting work, Ms.Zhou Fang, Chief of the accounting organ (chief of accounting ) hereby confirm the
authenticity and completeness of the financial report enclosed in this report.
II. Main financial data and changes of shareholders
I. Main financial data and financial index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not.
√Yes □ No
Changes of this
period over same
As at the end of the As at the end of last year
period of last year
reporting period
（％）
Before adjustment After adjustment After adjustment
Gross assets（RMB） 16,342,858,120.71 12,110,281,652.65 15,126,912,516.70 8.04%
Net assets attributable to the
shareholders of the listed 8,056,958,981.93 5,048,500,361.61 5,855,404,300.43 37.60%
company（RMB）
Increase/decrease Between beginning
over the same of the year to the Changed （%）over
Reporting period
period of last year end of the report end of prev. year
（%） period
Operating income（RMB） 741,459,581.99 3.82% 2,074,951,761.76 5.63%
Net profit attributable to the
shareholders of the listed 291,476,074.93 26.15% 797,375,219.22 39.91%
company（RMB）
Net profit after deducting of 290,837,468.16 31.89% 647,719,183.00 44.40%
The Third Quarterly Report 2016
non-recurring gain/loss
attributable to the
shareholders of listed
company（RMB）
Cash flow generated by
business operation, net -- -- 1,476,195,616.68 10.88%
（RMB）
Basic earning per
0.14 7.69% 0.43 30.30%
share(RMB/Share)
Diluted gains per
share(RMB/Share)(RMB/Sha 0.14 7.69% 0.43 30.30%
re)
Weighted average
3.53% -0.74% 11.92% 1.62%
income/asset ratio（%）
Note 1. On the table over the same period last year (before adjusting) performance for the company
implementation of a major reorganization of assets before the third Quarterly report 2016 semi annual report to
disclose data; over the same period last year (adjusted) data of the Department of the company a major
reorganization of assets, according to enterprises under the same control combined with related standards on the
same period last year financial data retrospective restatement data.
Note 2.The company during the reporting period, the implementation of the issuance of shares to buy assets of
matters, over the same period last year (before adjusting) basic earnings per share to total share capital
1,257,117,748 shares is estimated; over the same period last year (adjusted) basic earnings per share to the company
non public offering of shares weighted average equity 1,723,442,768 estimates; newspaper report that the basic
earnings per share of the company non - public offering of shares weighted average equity1,849,603,361 estimates.
The causes of changes in accounting policies and the information about accounting error correction
Due to the implementation of major asset restructuring in the reporting period, the financial data of the same
period of last year was retraced and restated with in accordance with the relevant standards of corporate merge
under common control.
In RMB
Amount (Year-beginning
Items to the end of the report Notes
period.)
Non-current asset disposal gain/loss(including the
write-off part for which assets impairment provision is -25,439.50
made)
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s 61,444,645.87
business and granted under the state’s policies)
Current net gains and losses occurred from period-begin
102,025,476.76
to combination day by subsidiaries resulting from
The Third Quarterly Report 2016
business combination under common control
Other non-business income and expenditures other than
2,530,662.38
the above
Less：Amount of influence of income tax 15,987,467.19
Influence on minority shareholders’ equity (after tax) 331,842.10
Total 149,656,036.22 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
The Third Quarterly Report 2016
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the
Shares Held by Top Ten Common Shareholders
In shares
Total preference
shareholders with the
Total number of common
69,125 voting power recovered at
shareholders at the period-end
the end of the reporting
period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Share tradable
Properties of Status of
Shareholder name proportion Quantity shares with
shareholder the Quantity
% Conditional
shares
held
Guangdong
State-owned
Communication Group Co., 24.55% 513,356,893 409,977,151
legal person
Ltd.
Guangdong Highway State-owned
22.30% 466,325,020 466,325,020
Construction Co., Ltd. legal person
Domestic non
Yadong Fuxing Yalian
State-owned 9.68% 202,429,149 202,429,149 Pledge 202,429,000
Investment Co., Ltd.
Legal person
Domestic non
Tibet Yingyue Investment
State-owned 4.84% 101,214,574 101,214,574
Management Co., Ltd.
Legal person
Guangdong Expressway State-owned
2.53% 52,937,491 52,937,491
Co., Ltd legal person
Domestic non
Guangfa Securities Co.,
State-owned 1.45% 30,364,372 30,364,372
Ltd.
Legal person
Domestic
Feng Wuchu 1.06% 22,139,197
Natural person
Domestic non
Haerbin Hali Industry Co.,
State-owned 0.71% 14,850,682
Ltd
Legal person
Overseas legal
Xinyue Co., Ltd. 0.63% 13,201,086
person
GUOTAI JUNAN Overseas legal
0.61% 12,815,182
SECURITIES(HONGKON person
The Third Quarterly Report 2016
G) LIMITED
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
Guangdong Communication RMB Common
103,379,742 103,379,742
Group Co., Ltd. shares
RMB Common
20,207,609
shares
Foreign shares
Feng Wuchu 22,139,197
placed in
1,931,588
domestic
exchange
RMB Common
Haerbin Hali Industry Co., Ltd 14,850,682 14,850,682
shares
Foreign shares
placed in
Xinyue Co., Ltd. 13,201,086 13,201,086
domestic
exchange
Foreign shares
GUOTAI JUNAN
placed in
SECURITIES(HONGKONG) 12,815,182 12,815,182
domestic
LIMITED
exchange
Bank of Communications－
Hybrid securities investment RMB Common
12,636,870 12,636,870
fund in Huaan strategy shares
optimizatio
Foreign shares
placed in
PERSHING LLC 12,363,377 12,363,377
domestic
exchange
Foreign shares
MATTHEWS CHINA placed in
7,026,181 7,026,181
DIVIDEND FUND domestic
exchange
Foreign shares
BBH A/C VANGUARD
placed in
EMERGING MARKETS 6,541,331 6,541,331
domestic
STOCK INDEX FUND
exchange
RMB Common
Li Zhuo 6,417,090 6,417,090
shares
The Third Quarterly Report 2016
Guangdong Communication Group Co., Ltd. is the parent company of
Guangdong Highway Construction Co., Ltd.,Guangdong Expressway Co., Ltd.
Explanation on associated
and Xinyue Co., Ltd.. It is unknown whether there is relationship between other
relationship or concerted action
shareholders and whether they are persons taking concerted action specified in
of the above shareholders the Regulations on Disclosure of Information about Change in Shareholding of
Shareholders of Listed Companies.
Harbin Hali Industry Co., Ltd. holds 14,849,774 A shares of the Company
Participation of top 10 through stock account with credit transaction and guarantee and holds 908 A
unconditional common share shares through ordinary stock account. hold 14,850,682 shares of the Company's
shareholders in securities stock totally；Li Zhuo holds 6,321,109 A shares of the Company through stock
margin trading (if any) account with credit transaction and guarantee and holds95,981 A shares through
ordinary stock account, hold6,417,.90 shares of the Company's stock totally.
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes √ No
No agreed re-purchasing is performed by the Company’s shareholders in the report period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable√ Not applicable
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
（I）Items of balance sheet as compared with the beginning of this year.
1.Monetary capital Increased by RMB 1892.72 million and 157.78% over the beginning of the year, mainly due to
net cash inflow of RMB 1476.20 million from operating activities, net cash inflow of RMB 1531.72 million from
investing activities and net cash outflow of RMB 1948.77 billion from financing activities.
2.Inventory increased by RMB 0.38 million and 47.98% over the beginning of the year, Mainly due to the
increase in the inventory materials for the electromechanical project of Guangdong Provincial Expressway
Technology Investment Co., Ltd.
3.Construction in process increased by RMB 8.98 million and 38.02% over the beginning of the year, Mainly due
to the up-front fees of the expansion project of southern section of Fokai Expressway occurred in the current
period.
4. Deferred income tax assets Increased by RMB 7.64 million and 1702.93% over the beginning of the year,
The main reason for the increase is:Due to the difference between the accounting method and the method of the
tax law in calculating the road assets depreciation of Guangfo Expressway Company, the deferred income tax is
recognized.
The Third Quarterly Report 2016
5.Interest payable Increased by RMB 90.94 million and 392.96% over the beginning of the year, The main reason
for the increase is: The parent company made a provision of RMB 50.92 million for the payable interests of
medium-term notes in the first three quarters, Jingzhu Expressway Guangzhu Section Co.,Ltd made a provision of
RMB 37.37 million for the January-to-June payable intere
