广东电力发展股份有限公司 2015 年半年度报告全文
GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD.
The Semi-annual Report 2015
August 2015
广东电力发展股份有限公司 2015 年半年度报告全文
I. Important Notice, Table of Contents and Definitions
The Board of Directors , Supervisory Committee ,Directors, Supervisors and Senior Executives of the Company
hereby guarantees 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.
Board chairman Li Zhuoxian, Director Zhong Weimin, Director Hong Rongkun ,Director Gao Shiqiang,
Director Kong Huitian, Director Li Mingliang,Director Yang Xinli, Director General Manager Yao Jiheng,
Director Hu Xiaolei, Independent director Zhang Hua, Independent director Sha Qilin, Independent Director
Mao Fugen and Independent director Lu Jun attended this meeting. Director Zhang Xueqiu Authorized
Independent Director Lu Jun, Independent director Liu Tao authorized Independent director Sha Qilin,
Independent director Ding Yougang Authorized Independent Director Mao Fugen attend the meeting and exercise
voting right on their behalf.
The Company Will not distribute cash dividend or bonus shares, neither capitalizing of common reserves for the
report period.
Mr.Li Zhuoxian, The Company leader, Mr. Li Xiaoqing, Chief financial officer and the Mr.Qin Jingdong, the
person in charge of the accounting department (the person in charge of the accounting )hereby confirm the
authenticity and completeness of the financial report enclosed in this Semi-annual report.
This semi-annual report has been prepared in both Chinese and English. In case of any discrepancy, the Chinese
version shall prevail. This semi-annual report involves the forecasting description such as the future plans, and
does not constitute the actual commitments of the company to the investors. The investors should pay attention to
the investment risks.
广东电力发展股份有限公司 2015 年半年度报告全文
Table of Contents
2015 Semi- Annual Report
I.Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Data and Financial Indicators
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Situation of the Preferred Shares
VIII.Information about Directors, Supervisors and Senior Executives
IX. Financial Report
X. Documents available for inspection
广东电力发展股份有限公司 2015 年半年度报告全文
Definition
Terms to be defined Refers to Definition
Yudean Group Refers to Guangdong Yudean Group Co., Ltd.
Zhanjiang Company Refers to Zhanjiang Electric Power Co., Ltd.
Yuejia Company Refers to Guangdong Yuejia Electric Power Co., Ltd.
Yuejiang Company Refers to Guangdong Shaoguan Yuejiang Power Generation Co., Ltd.
Zhenneng Company Refers to Maoming Zhenneng Thermal Power Co., Ltd.
Jinghai Company Refers to Guangdong Yudean Jinghai Power Co., Ltd.
Zhanjiang Wind Power Company Refers to Guangdong Yudean Zhanjiang Wind Power Co., Ltd.
Zhongyue Compamy Refers to Zhanjiang Zhongyue Energy Co., Ltd.
Bohe Company Refers to Guangdong Yudean Bohe Coal & Electricity Co., Ltd
Guangqian Company Refers to Shenzhen Guangqian Electric Power Co., Ltd.
Huihou Natural Gas Company Refers to Guangdong Huizhou Natural Gas Power Co., Ltd.
Shibeishan Wind Power Company Refers to Guangdong Shibeishan Wind Power Development Co., ltd.
Red Bay Company Refers to Guangdong Red Bay Power Co., Ltd.
Pinghai Power Plant Refers to Guangdong Hluizhou Pinghai Power Co., Ltd.
Humen Power Company Refers to Guangdong Yudean Humen Power Co., Ltd.
Anxin Electric Inspection & Installation
Refers to Guangdong Yudean Anxin Electric Inspection & Installation Co., Ltd
Company
Guohua Taishan Refers to Guangdong Guohua Yudean Taishan Power Generation Co., Ltd.
Yudean Industry Fuel Company Refers to Guangdong Power Industry Fuel Co., Ltd.
Huadu Natural Gas Company Refers to Guangdong Huadu Natural GasT Thermal Power Co., Ltd.
Dapu Company Refers to Guangdong Dapu Power Generation Co., Ltd.
Wind Power Company Refers to Guangdong Wind Power Co., Ltd.
Lincang Company Refers to Lincang Yuntou Yudean Hydroelectricity Development Co., Ltd.
Qujie Wind Power Company Refers to Guangzhou Yudean Qujie Wind Power Generation Co., Ltd.
广东电力发展股份有限公司 2015 年半年度报告全文
II. Basic Information of the Company
1.Company information
Stock abbreviation Yue Dian Li A, Yue Dian Li B Stock code： 000539、200539
Stock exchange for listing： Shenzhen Stock Exchange
Name in Chinese 广东电力发展股份有限公司
Abbreviation of Registered
Company Name in Chinese(If 粤电力
any)
English name (If any) GUANGDONG ELECTRIC POWER DEVELOPMENT CO.,LTD
English abbreviation (If any) GED
Legal Representative Li Zhuoxian
2. Contact person and contact manner
Board secretary Securities affairs Representative
Name Liu Wei Zhang Shaomin
26/F, South Tower, Yudean Plaza, No.2 26/F, South Tower, Yudean Plaza, No.2
Contact address Tianhe Road East, Guangzhou,Guangdong Tianhe Road East, Guangzhou,Guangdong
Province Province
Tel (020)87570276 (020)87570251
Fax (020)85138084 (020)85138084
E-mail liuw@ged.com.cn zhangsm@ged.com.cn
3. Other
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or
not
□ Applicable √ Not applicable
Registrations address, offices address and codes as well as website and email of the Company has no change in reporting period,
found nore details in annual report 2014.
2. In formation disclosure and preparation place
Whether information disclosure and preparation place changed in reporting period or not
□ Applicable √ Not applicable
The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRC and preparation
place for semi-annual report have no change in reporting period, found more details in annual report 2014.
广东电力发展股份有限公司 2015 年半年度报告全文
3.Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable √ Not applicable
Date/place for registration of the Company, registration nmber for enterprise legal license number of taxation registration and
organization code have no change in reporting period, found more details in annual report 2014.
广东电力发展股份有限公司 2015 年半年度报告全文
III. Summary of Accounting Highlights and Business Highlights
(I).Summary of accounting /Financial Data
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to change of the
accounting policy and correction of accounting errors.
□Yes √ No
Reporting period Same period of last year YoY+/-（%）
Operating income（RMB） 12,911,553,232.00 14,971,313,646.00 -13.76%
Net profit attributable to the shareholders
1,720,995,015.00 1,644,460,546.00 4.65%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 1,516,376,522.00 1,649,146,988.00 -8.05%
listed company（RMB）
Cash flow generated by business operation,
5,702,180,434.00 4,534,129,911.00 25.76%
net（RMB）
Basic earning per share(RMB/Share) 0.33 0.31 6.45%
Diluted gains per
0.33 0.31 6.45%
share(RMB/Share)(RMB/Share)
Weighted average ROE(%) 7.74% 8.27% -0.53%
As at the end of the
As at the end of last year YoY+/-（%）
reporting period
Total assets（RMB） 72,519,761,442.00 69,084,825,852.00 4.97%
Net assets attrilutable to shareholder of
22,350,256,396.00 21,310,054,597.00 4.88%
listed company（RMB）
（II）The differences between domestic and international accounting standards
1．Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in the financial
reports of differences in net income and net assets.
√Applicable □ Not applicable
In RMB
Net profit attributable to the shareholders of the Net Assets attributable to the shareholders of
listed company the listed company
Amount in the Amount in the previous End of the reporting Beginning of the
reporting period period period reporting period
According to CAS 1,720,995,015.00 1,644,460,546.00 22,350,256,396.00 21,310,054,597.00
Items and amount adjusted according to IAS
Land use right amortization
广东电力发展股份有限公司 2015 年半年度报告全文
The difference arising from
recognition of goodwill after
64,623,000.00 64,623,000.00
merger of enterprises under
the same control
Difference arising from
recognition of land use value -315,000.00 -315,000.00 19,805,000.00 20,120,000.00
after enterprise merger
Influence on minority interests 27,060.00 27,060.00 4,620,799.00 4,593,739.00
Accouding to IAS 1,720,707,075.00 1,643,311,165.00 22,439,305,195.00 21,399,391,336.00
2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards.
□ Applicable √Not applicable
No Differences
3.Note to the Difference in the Accounting Data based on the Accounting Standards of CAS and IAS.
√ Applicable □ Not applicable
A. Land use right amortization
The difference formed by different period of land use right amortization.
B.The difference arising from recognition of goodwill after merger of enterprises under the same control and recognition of land
value after enterprise merger.
As required by new Chinese accounting standards, the goodwill formed by the merger of enterprises under the same control shall not
be recognized and capital surplus shall be adjusted. Under IFRS, the golldwill formed by the merger of enterprises under the same
control shall be recognized and equal to the difference between merger cost and share of fair value of recognizable net assets of the
purchased party obtained in merger. Meanwhile, all assets of the purchased party obtained in merger shall be accounted for according
to their fair value while such assets shall be accounted for according to their book value according to original Chinese accounting
standards for business enterprises. Therefore, this difference will continue to exist.
C. Influence on minority interests
Housing reform loss occurred to the Company and some holding subsidiaries. Therefore, there’s some influence on minority
interests.
（III）Items and amount of deducted non-current gains and losses
√ Applicable □ Not applicable
In RMB
Items Amount Notes
Non-current asset disposal gain/loss(including the write-off part Mainly for oil shale Company’s equity
130,702,830.00
for which assets impairment provision is made) disposal profits
Govemment subsidy recognized in currentgain and loss(excluding
3,437,316.00
those closely related to the Company’s business and granted
广东电力发展股份有限公司 2015 年半年度报告全文
under the state’s policies)
Gains and losses from exchange of non-monetary assets 21,977,012.00
Other non-operating income and expenditure except for the
1,580,392.00
aforementioned items
Enterprises can control the invested party
Other non-business income and expenditures other than the above
under the different control due to additional
investment and other reasons. In the
consolidated financial statements, enterprise
should carry on re measurement in
49,276,222.00 accordance with the fair value of the equity
which held by the acquiree before the
purchase date. The difference between the
fair value and the value of the accounts
should be accounted into the current
investment income.
Less: Influenced amount of income tax 1,161,738.00
Amount of influence of minority interests 1,193,541.00
Total 204,618,493.00 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for
Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and its non-recurring gain/loss items as illustrated
in the Explanatory Announcement No.1 on information Disclosure for Companies offering their securities to the public-non-recurring
Gains and losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/itesm as defined by the information disclosure explanatory
Announcement No.1- Non –recurring gain/loss in the report period.
广东电力发展股份有限公司 2015 年半年度报告全文
IV. Report of the Board of Directors
I. General
During the reporting period, The electricity consumption of the Province is 246.05 billion kwh, which increased by 3.19% year on
year. The quantity of power purchased from west regions is 70.75 billion kwh, which increased by 24.10% year on year.
Sending electrical power to the western area squeeze the generation set market share.
During the reporting period, due to the decline of the units utilization hours,Its on-grid electricity volume was 31.808billion kwh,
which decreased by 11.5% year on year. Its on-grid electricity volume was 29.957billion kwh, which decreased by 11.57% year on
year. 44.93% of the power generation plan for the year was fulfilled.,
In the report period, affected by the declines of electricity and electricity price, Company's profit increased slightly year on year due to
coal prices slipping back, strengthening the control of cost, as well as investment income achieved by the disposal of some project
equity.
In the report period, affected by the declines of electricity and electricity price,Its operating income was RMB 12.912 billion, which
decreased by 13.76% year on year. Company's profit increased slightly year on year due to coal prices slipping back, strengthening the
control of cost, as well as investment income achieved by the disposal of some project equity. the Company's operating profit was
RMB 2.956 billion, which decreased by 0.44% year on year , the net profit for its shareholders was RMB 1.721 billion which
respectively Increased by 4.65% year on year.
During the reporting period, the Company has continued to promote the
