The Third Quarterly Report 2017
Guangdong Electric Power Development Co., Ltd.
The Third Quarterly Report 2017
October 2017
The Third Quarterly Report 2017
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. Huang Zhenhai, Person in charge of the Company, Mr.Liu Wei , Person in charge of accounting works,
Mr.Meng Fei ,CFO as well as person in charge of accounting institution represent and warrant the financial and
accounting report in the third quarterly report is true and complete.
The Third Quarterly Report 2017
II. Basic Information of the Company
I.Main accounting 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
As at the end of the reporting Changed (%)over end of
As at the end of last year
period prev. year
Gross assets(RMB) 70,981,629,233.00 70,677,003,760.00 0.43%
Net assets attributable to the
shareholders of the listed company 23,741,518,453.00 23,378,847,225.00 1.55%
(RMB)
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 income(RMB) 7,546,970,420.00 21.58% 19,932,456,997.00 21.23%
Net profit attributable to the
shareholders of the listed company 653,326,357.00 -11.50% 782,062,082.00 -47.03%
(RMB)
Net profit after deducting of
non-recurring gain/loss attributable
642,264,511.00 -13.74% 799,067,242.00 -46.30%
to the shareholders of listed
company(RMB)
Cash flow generated by business
-- -- 3,368,415,745.00 -58.16%
operation, net(RMB)
Basic earning per
0.124 -11.43% 0.149 -46.98%
share(RMB/Share)
Diluted gains per
0.124 -11.43% 0.149 -46.98%
share(RMB/Share)(RMB/Share)
Weighted average return on
2.79% -0.34% 3.24% -2.94%
equity(%)
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Items Amount (Year-beginning to the Notes
The Third Quarterly Report 2017
end of the report period.)
Non-current asset disposal gain/loss(including
the write-off part for which assets impairment -607,211.00
provision is made)
Govemment subsidy recognized in current gain
and loss(excluding those closely related to the
14,710,020.00
Company’s business and granted under the state’s
policies)
Guangqian company received the Decisions on
Handling of the Tax Affairs (SGSJC[2017]
No.0013) issued by the Inspection Department
Effect on current gains/losses when a one-off
of Shenzhen Municipal Office, SAT on June 26,
adjustment is make to current gains/losses -27,450,327.00
2017, which requires Guangqian company to pay
according to requirements of taxation.
VAT and overdue fees(late fee of RMB 27.4503
million occurred). Such decisions are under
negotiation among several parties at present.
Other non-business income and expenditures
-3,532,238.00
other than the above
Less: Amount of influence of income tax 374,180.00
Influenced amount of minor shareholders’
-248,776.00
equity (after tax)
Total -17,005,160.00 --
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.
The Third Quarterly Report 2017
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 with the
Total number of common
103,838 voting power recovered at the end of the
shareholders at the period-end
reporting period(if any)
Shares held by the top 10 shareholders
Share Amount of tradable Pledging or freezing
Properties of
Shareholder name proportion Quantity shares with Status of the
shareholder Quantity
% Conditional held shares
Guangdong Yudean Group Co., State-owned legal
67.39% 3,538,005,285 1,893,342,621
Ltd. person
China Securities Finance Co., State-owned legal
2.78% 145,748,980
Ltd. person
Guangdong Guangfa Electric State-owned legal
2.22% 116,693,602
Power Investment Co., Ltd. person
Guangdong Electric Power State-owned legal
1.80% 94,367,341
Development Corporation person
Domestic Non-State
Harbin Hali Industry Co., Ltd. 0.71% 37,405,712
owned legal person
Domestic Natural
Li Zhuo 0.59% 31,009,743
person
Harbin Daoli District Charity Domestic Non-State
0.52% 27,529,778
Foundation owned legal person
National Social
National Social Security Fund
Security Fund 103 0.42% 21,994,982
103 portfolio
portfolio
Domestic Natural
Zheng Jianxiang 0.35% 18,453,452
person
BBH A/C VANGUARD
EMERGING MARKETS Overseas Legal person 0.32% 16,613,688
STOCK INDEX FUND
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted Share type
Name of the shareholder shares held at the end of the
Share type Quantity
reporting period
Guangdong Yudean Group Co., Ltd. 1,644,662,664 RMB Common shares 1,644,662,664
China Securities Finance Co., Ltd. 145,748,980 RMB Common shares 145,748,980
Guangdong Guangfa Electric Power Investment Co.,
116,693,602 RMB Common shares 116,693,602
Ltd.
The Third Quarterly Report 2017
Guangdong Electric Power Development Corporation 94,367,341 RMB Common shares 94,367,341
Harbin Hali Industry Co., Ltd. 37,405,712 RMB Common shares 37,405,712
Li Zhuo 31,009,743 RMB Common shares 21,362,585
Harbin Daoli District Charity Foundation 27,529,778 RMB Common shares 27,529,778
National Social Security Fund 103 portfolio 21,994,982 RMB Common shares 21,994,982
Foreign shares placed in
Zheng Jianxiang 18,453,452 18,453,452
domestic exchange
BBH A/C VANGUARD EMERGING MARKETS Foreign shares placed in
16,613,688 16,613,688
STOCK INDEX FUND domestic exchange
The fourth largest shareholder Guangdong Electric Power Development
Explanation on shareholders participating in the margin Corporation is the wholly-owned subsidiaries of the largest shareholder
trading business Yudean Group. These two companies have relationships; whether the
other shareholders have relationships or unanimous acting was unknown.
The Fifth largest shareholder Harbin Hali Industry Co., Ltd.
holds 28,202,907 A shares of the Company through stock account with
credit transaction and guarantee and holds 9,202,805 A shares through
ordinary stock account, holds 37,405,712 shares of the Company's stock
totally.
The sixth largest shareholder Li Zhuo. holds 30,930,123 A shares of the
Participation of top 10 unconditional common share Company through stock account with credit transaction and guarantee and
shareholders in securities margin trading (if any) holds 79,620 A shares through ordinary stock account, holds 31,009,743
shares of the Company's stock totally.
The seventh largest shareholder Harbin Daoli District Charity Foundation.
holds 27,392,378 A shares of the Company through stock account with
credit transaction and guarantee and holds 137,400 A shares through
ordinary stock account, holds 27,529,778 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
The Third Quarterly Report 2017
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
During the reporting period, the net profit attributable to shareholders of the listed company decreased by 47.03%
year on year, which is mainly due to the acceleration of the marketization of electricity market and the
intensification of market competition, the sharp drop of the company's on-grid electricity price and the sustained
high coal price. Based on the above factors, the company's net profit fell sharply year on year.
During the reporting period, the net cash flow arising from operating activities decreased by 58.16% year-on-year,
which is mainly due to the sustained high coal price and the significant increase in the cash payment for
purchasing goods and receiving labor services, resulting in the decrease in the net cash flow from operating
activities.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
□ 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
There are no commitments that the company, shareholders, actual controller, acquirer, directors, supervisors,
senior executives or other related parties have fulfilled during the reporting period and have not yet fulfilled by the
end of reporting period.
IV.Prediction of Business performance for 2017
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
V. Securities investment
√ Applicable □Not applicable
Mode of Book Changes Cumulat Purchas Sale Gain/los Book
Stock Initial Account Source
Security Security accounti value in fair ive fair e amount s of the value
Abbrevi investm ing of the
category code ng balance value of value amount in the reportin balance
ation: ent cost items shares
measure at the the this changes in the this g period at the
The Third Quarterly Report 2017
ment beginni period in this period end of
ng of equity period the
the reportin
reportin g period
g period
Financia
Domesti Fair
Shenzhe l assets
c and 15,890, value 86,562, -5,292,0 65,829, 1,890,0 81,270, Own-Fu
000027 n 0.00 0.00 availabl
foreign 628.00 measure 000.00 00.00 372.00 00.00 000.00 nds
Energy e for
stocks ment
sales
Financia
Domesti Fair
l assets
c and Shenerg 235,837 value 325,974 4,997,9 95,134, 12,217, 330,972 Own-Fu
600642 0.00 0.00 availabl
foreign y ,988.00 measure ,308.00 02.00 222.00 095.00 ,210.00 nds
e for
stocks ment
sales
Financia
Domesti Fair
l assets
c and 3,600,0 value 7,200,0 1,080,0 4,680,0 234,000 8,280,0 Own-Fu
831039 NEEQ 0.00 0.00 availabl
foreign 00.00 measure 00.00 00.00 00.00 .00 00.00 nds
e for
stocks ment
sales
255,328 419,736 785,902 165,643 14,341, 420,522
Total -- 0.00 0.00 -- --
,616.00 ,308.00 .00 ,594.00 095.00 ,210.00
Disclosure date for the
notice of approval by the
Board (If any)
Disclosure date for the
notice of approval by
shareholders’ Meeting (If
any)
VI. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the
Reporting Period
√Applicable □Not applicable
Reception time Way of reception Types of visitors Basic index
Details can be found in the Record Chart of the Investor
January 12,2017 Onsite investigation Organization Relation Activity disclosed on Juchao
website(www.cninfo.com.cn) on 16 January .2017.
Details can be found in the Record Chart of the Investor
March 23,2017 Onsite investigation Organization
Relation Activity disclosed on Juchao
The Third Quarterly Report 2017
website(www.cninfo.com.cn) on 24 March 2017.
Details can be found in the Record Chart of the Investor
September 7,2017 Onsite investigation Organization Relation Activity disclosed on Juchao
website(www.cninfo.com.cn) on 11 September 2017.
Details can be found in the Record Chart of the Investor
September 29,2017 Onsite investigation Organization Relation Activity disclosed on Juchao
website(www.cninfo.com.cn) on 29 September 2017.
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
X.Implementation of the social Responsibility of taking targeted measures to alleviate poverty in light of local
Conditions.
(1)The third Quarter poverty relieving summary
In the report period, the company continues implementing Guangdong scheme of “three-year crucial goals for the
target poverty alleviation” and organizes the manpower, materials and financial resources into the poverty
alleviation. The six subsidiaries carry out the targeted poverty alleviation and oriented assistance work subject to
the formulated poverty alleviation work plan, which include Yuejiang company, Red Bay company, Jinghai
company, Zhenneng company, Zhanjiang company and Dapu company, etc.
(2)Information of the listed company’s in the third Quarter work in targeted poverty alleviation
Measurement
Index Quantity / Status
unit
I. General situation —— ——
Thereinto: 1.Capital RMB’0000 32.39
2. Cash supplies RMB’0000 3.38
3. Ecological protection to poverty alleviation Person
(3)Subsequent targeted poverty alleviation program
The company and holding subsidiaries will continue implementing relevant provincial, municipal and town
provisions on the targeted poverty alleviation and find out the accurate ways for the targeted poverty alleviation
The Third Quarterly Report 2017
based on the local conditions. Firstly, insist the party and style construction, promote the ideological building of
the assistance object village “two committees” members and intensify the results of “two studies and one action”
learning activity. Secondly, insist study and improve capacity, insist the thorough learning on the spirit of Xi
Jinping series important speeches, the spirit of relevant targeted poverty alleviation papers, the village business
knowledge and the way to communicate with the public and improve further the work capacity for people. Thirdly,
intensify the key points and promote the implementation, each poverty alleviation work team will continue
focusing on the targeted poverty alleviation, grasp the poverty alleviation central work and coordinate overall and
implement relevant work. For the poor households poverty alleviation projects and village group projects listed in
the filing and issuing cards, obtain positively support from relevant authority subject to the formulated target tasks,
assist the assistance object villages and poor households in implementing the poverty alleviation projects and
guarantee the overall completion of the poverty alleviation target tasks in the practical style.
The Third Quarterly Report 2017
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Guangdong Electric Power Development Co., Ltd.
September 30,2017
In RMB
Items At the end of term Beginning of term
Current asset:
Cash and bank balances 5,044,352,779.00 5,184,873,650.00
Settlement provision
Outgoing call loan
Financial assets at fair value through profit
or loss
Derivative financial assets
Notes receivable
Account receivable 3,081,857,781.00 2,776,061,909.00
Advance payments 910,240,253.00 1,064,822,122.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 13,184,201.00 16,681,118.00
Dividend receivable
Other account receivable 161,899,777.00 133,499,956.00
Securities purchased under agreements to
resell
Inventories 1,600,497,054.00 1,513,153,241.00
Held-for-sale assets
Current portion of non-current assets 58,322,683.00
Other current asset 908,304,228.00 882,055,591.00
Total of current assets 11,778,658,756.00 11,571,147,587.00
Non-current assets:
Loans and advances
The Third Quarterly Report 2017
Available-for-sale financial assets 1,280,173,896.00 1,279,387,994.00
Held-to-maturity investments
Long-term receivable 82,259,912.00 136,075,412.00
Long term share equity investment 5,717,918,665.00 5,432,637,750.00
Property investment 8,455,538.00 8,932,237.00
Fixed assets 39,823,939,594.00 41,814,685,521.00
Construction in progress 9,266,805,586.00 6,343,293,763.00
Engineering material 1,520,740.00 1,496,854.00
Fixed assets pending for disposal 7,317,945.00 4,304,229.00
Productive biological assets
Gas & petrol
Intangible assets 1,671,805,085.00 1,707,490,221.00
Research and Development Expenditures 494,017.00
Goodwill 27,486,780.00 27,486,780.00
Long-term prepaid expenses 28,638,368.00 34,611,712.00
Deferred income tax 378,337,007.00 303,929,269.00
Other non-current asset 907,817,344.00 2,011,524,431.00
Total of non-current assets 59,202,970,477.00 59,105,856,173.00
Total of assets 70,981,629,233.00 70,677,003,760.00
Current liabilities
Short-term bank loan facilities 8,552,000,000.00 5,758,860,000.00
Borrowings from central bank
Deposits and placements from other
financial institutions
Placement from banks and other financial
institution
Financial liabilities at fair value through
profit and loss
Derivative financial liabilities
Notes payable 519,220,263.00 1,330,480,837.00
Account payable 2,298,276,196.00 3,167,250,446.00
Advances from customers 393,549.00 12,456,360.00
Securities sold under agreement to
repurchase
Fees and commissions payable
The Third Quarterly Report 2017
Payroll payable 251,696,877.00 144,122,128.00
Taxes and surcharges payable 535,967,608.00 326,919,844.00
Interest payable 149,256,385.00 83,648,793.00
Dividend payable 9,703,930.00 9,703,930.00
Other payable 3,916,870,664.00 3,292,556,995.00
Reinsurance amounts payable
Provision of insurance contract
Securities brokering
Securities underwriting
Held-for-sale liabilities
Current portion of non-current liabilities 1,981,452,795.00 1,433,644,523.00
Other current liability 93,624,959.00 1,723,070,000.00
Total of current liability 18,308,463,226.00 17,282,713,856.00
Non-current liabilities:
Long-term bank loan facilities 19,077,122,178.00 19,888,172,037.00
Bond payable 1,895,369,522.00 1,900,124,468.00
Including:preferred stock
Perpetual capital securities
Long-term payable 1,709,101,060.00 1,917,552,654.00
Long-term employee benefits payable 131,681,391.00 122,832,249.00
Grants payable 26,675,385.00 26,675,385.00
Provisions
Deferred income 144,925,304.00 125,650,072.00
Deferred tax liabilities 24,627,476.00 37,718,277.00
Other non-current liabilities 39,000,000.00
Total non-current liabilities 23,009,502,316.00 24,057,725,142.00
Total of liability 41,317,965,542.00 41,340,438,998.00
Equity
Share capital 5,250,283,986.00 5,250,283,986.00
Other equity instrument
Including:preferred stock
Perpetual capital securities
Reserves 5,003,049,916.00 5,003,007,478.00
Less: treasury shares
The Third Quarterly Report 2017
Other comprehensive income 145,648,442.00 145,059,015.00
Specialized reserve
Surplus reserves 7,590,363,724.00 6,845,001,818.00
General risk reserve
Retained earnings 5,752,172,385.00 6,135,494,928.00
Equity contributable to parent company 23,741,518,453.00 23,378,847,225.00
Minority interests 5,922,145,238.00 5,957,717,537.00
Total equity 29,663,663,691.00 29,336,564,762.00
Total liabilities and equity 70,981,629,233.00 70,677,003,760.00
Legal Representative: Huang Zhenhai Person in charge of accounting:Liu Wei Accounting Dept Leader: Meng Fei
2.Parent Company Balance Sheet
In RMB
Items Year-end balance Year-beginning balance
Current asset:
Cash and bank balances 498,692,698.00 326,073,538.00
Financial assets at fair value through profit
or loss
Derivative financial assets
Notes receivable
Account receivable 219,526,419.00 212,343,198.00
Advance payments 56,799,400.00 79,990,745.00
Interest receivable 1,921,258.00 723,819.00
Dividend receivable
Other receivable 67,433,901.00 122,933,749.00
Inventories 127,633,521.00 149,462,926.00
Held-for-sale assets
Current portion of non-current assets
Other current asset 25,650,427.00
Total of current assets 972,007,197.00 917,178,402.00
Non-current assets:
Available-for-sale financial assets 1,280,173,896.00 1,279,387,994.00
Held-to-maturity investments
Long-term receivable 351,460,000.00 335,000,000.00
The Third Quarterly Report 2017
Long term share equity investment 23,754,105,607.00 22,896,735,913.00
Property investment 8,455,538.00 8,932,237.00
Fixed assets 969,828,512.00 1,049,906,014.00
Construction in progress 126,531,759.00 43,039,781.00
Engineering material
Fixed assets pending for disposal 850,936.00
Productive biological assets
Gas & petrol
Intangible assets 89,312,251.00 92,152,556.00
Research and Development Expenditures
Goodwill
Long-term prepaid expenses
Deferred income tax 14,591,711.00
Other non-current asset 356,004,000.00 672,504,000.00
Total of non-current assets 26,951,314,210.00 26,377,658,495.00
Total of assets 27,923,321,407.00 27,294,836,897.00
Current liabilities
Short-term bank loan facilities 1,600,000,000.00 300,000,000.00
Financial liabilities at fair value through
profit and loss
Derivative financial liabilities
Notes payable
Account payable 176,712,392.00 517,973,144.00
Advances from customers
Payroll payable 51,379,012.00 31,813,417.00
Tax payable 3,995,417.00 9,688,606.00
Interest payable 45,419,314.00 48,091,022.00
Dividend payable 9,703,930.00 9,703,930.00
Other payable 98,047,412.00 93,522,121.00
Held-for-sale liabilities
Current portion of non-current liabilities
Other current liability 31,895,698.00 1,216,583,014.00
Total of current liability 2,017,153,175.00 2,227,375,254.00
Non-current liabilities:
The Third Quarterly Report 2017
Long-term bank loan facilities 1,500,000,000.00 1,500,000,000.00
Bond payable 1,197,697,262.00 1,196,982,619.00
Including:preferred stock
Perpetual capital securities
Long-term payable
Long-term employee benefits payable 21,443,185.00 23,445,887.00
Grants payable
Provisions
Deferred income 58,818,228.00 59,533,388.00
Deferred income tax 12,508,093.00
Other non-current liabilities
Total of Non-current liabilities 2,777,958,675.00 2,792,469,987.00
Total of liability 4,795,111,850.00 5,019,845,241.00
Equity
Share capital 5,250,283,986.00 5,250,283,986.00
Other equity instrument
Including:preferred stock
Perpetual capital securities
Reserves 5,605,794,603.00 5,605,752,163.00
Less: treasury shares
Other comprehensive income 145,648,442.00 145,059,015.00
Specialized reserve
Surplus reserves 7,590,363,724.00 6,845,001,818.00
Retained earnings 4,536,118,802.00 4,428,894,674.00
Total equity 23,128,209,557.00 22,274,991,656.00
负债和所有者权益总计 27,923,321,407.00 27,294,836,897.00
3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Revenue 7,546,970,420.00 6,207,318,559.00
Including: business revenue 7,546,970,420.00 6,207,318,559.00
Interest income
The Third Quarterly Report 2017
Premiums earned
Fees and commissions income
II. Total operating cost 6,583,694,398.00 5,171,188,129.00
Including: Cost of sales 6,050,271,305.00 4,594,220,998.00
Interest expense
Fees and commissions expense
Cash surrender amount
Net expenses of claim settlement
Net provisions for insurance contract
reserves
Policy dividend expenses
Reinsurance expenses
Business taxes and surcharges 59,774,483.00 51,461,297.00
Selling expenses 1,832,975.00 567,104.00
Administrative expense 147,840,859.00 176,112,019.00
Financial expenses 323,974,776.00 349,955,971.00
Impairment loss on assets -1,129,260.00
Add: Gain from fair-value
changes(“-“for loss)
Investment income(“-“for loss) 155,756,905.00 190,223,865.00
Including: investment income from
126,561,462.00
associates and joint ventures
Gain on foreign exchange(“-“for loss)
Other income 12,130,066.00
III. Operating profit(“-”for loss) 1,131,162,993.00 1,226,354,295.00
Add:Non-operating income 1,008,118.00 954,763.00
Including:Gains from disposal of
42,151.00 -130,677.00
non-current assets
Less:Non business expenses 2,226,834.00 7,070,375.00
Incl:Loss from disposal of
1,261,954.00
non-current assets
IV. Profit before tax(“-“for loss) 1,129,944,277.00 1,220,238,683.00
Less: Income tax expense 234,077,484.00 272,941,293.00
V. Net profit (“-“for net loss) 895,866,793.00 947,297,390.00
The Third Quarterly Report 2017
Net profit attributable to the owners of
653,326,357.00 738,187,983.00
parent company
Minority interests 242,540,436.00 209,109,407.00
VI. Other comprehensive income after
-16,334,224.00 3,661,960.00
tax
Net of profit of other comprehensive
income attributable to owners of the -16,334,224.00 3,661,960.00
parent company
(I)Other comprehensive income items
that will not be reclassified into
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.
(II)
Other comprehensive income that will b -16,334,224.00 3,661,960.00
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.Gains and losses from changes in fair
-16,334,224.00 3,661,960.00
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
Net
after-tax of other comprehensive incom
e attributable to Minority shareholders’
equity
VII. Total comprehensive income 879,532,569.00 950,959,350.00
Total comprehensive income 636,992,133.00 741,849,943.00
The Third Quarterly Report 2017
attributable to the owner of the parent
company
Total comprehensive income
242,540,436.00 209,109,407.00
attributable minority shareholders
VIII. Earnings per share
(I)Basic earnings per share 0.124 0.14
(II)Diluted earnings per share 0.124 0.14
Legal Representative: Huang Zhenhai Person in charge of accounting:Li u Wei Accounting Dept Leader: 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 583,577,531.00 622,332,773.00
Less:Business cost 547,228,007.00 460,750,721.00
Business tax and surcharge 933,096.00 4,652,331.00
Selling expenses 2,144.00
Administrative expense 19,815,701.00 22,267,139.00
Financial expenses 49,624,132.00 51,406,097.00
Impairment loss on assets
Add: Gain from fair-value
changes(“-“for loss)
Investment income(“-“for loss) 260,702,725.00 284,325,421.00
Including: investment income from
126,394,835.00
associates and joint ventures
Other income
II. Operational profit(“-”for loss) 226,677,176.00 367,581,906.00
Add:Non-operating income 97,702.00 101,775.00
Including:Gains from disposal of
non-current assets
Less:Non-operating expenses 58,863.00 173,158.00
Incl:Loss from disposal of non-current
assets
III. Profit before tax(“-“for loss) 226,716,015.00 367,510,523.00
Less: Income tax expense -7,961,095.00 17,221,265.00
IV. Net profit (“-“for net loss) 234,677,110.00 350,289,258.00
The Third Quarterly Report 2017
V.Net of profit of other comprehensive i
-16,334,224.00 3,661,960.00
ncome
(I)Other comprehensive income
items that will not be reclassified into
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.
( II )
Other comprehensive income that will b -16,334,224.00 3,661,960.00
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.Gains and losses from changes in fair
-16,334,224.00 3,661,960.00
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
VI. Total comprehensive income 218,342,886.00 353,951,218.00
VII. Earnings per share:
(I)Basic earnings per share
(II)Diluted earnings per share
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.Revenue 19,932,456,997.00 16,442,308,125.00
Including:Operating income 19,932,456,997.00 16,442,308,125.00
The Third Quarterly Report 2017
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 18,745,298,401.00 14,066,645,693.00
Including:Operating cost 17,176,961,296.00 12,362,131,227.00
Interest expense
Commission chare and commission
expense
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 168,293,141.00 127,569,340.00
Selling expenses 4,621,433.00 1,303,572.00
Administrative expense 433,804,185.00 524,842,412.00
Financial expenses 961,618,346.00 1,051,928,402.00
Asset impairment loss -1,129,260.00
Add:Gains from change of fir value
(“-”for loss)
Investment gain(“-”for loss) 383,299,815.00 318,945,399.00
Incl: investment gains from affiliates 351,620,908.00
Gains from currency exchange(“-”for
loss)
Other income 19,480,274.00
III. Operational profit(“-”for loss) 1,589,938,685.00 2,694,607,831.00
Add:Non-business income 4,211,130.00 11,564,474.00
Incl:Gains from disposal of non-current
1,310,373.00
assets
Less:Non business expenses 35,800,906.00 21,238,175.00
Incl:Loss from disposal of non-current
1,917,584.00
assets
IV.Total profit(“-”for loss) 1,558,348,909.00 2,684,934,130.00
The Third Quarterly Report 2017
Less:Income tax expenses 382,769,307.00 688,423,363.00
V. Net profit(“-”for net loss) 1,175,579,602.00 1,996,510,767.00
Net profit attributable to the owners of
782,062,082.00 1,476,562,767.00
parent company
Minority shareholders’ equity 393,517,520.00 519,948,000.00
VI. Net after-tax of Other
589,427.00 -104,286,232.00
comprehensive income
Net after-tax
of other comprehensive income attribut 589,427.00 -104,286,232.00
able to owners of the parent company.
(I)Other comprehensive income items
that will not be reclassified into
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.
(II)
Other comprehensive income that will b 589,427.00 -104,286,232.00
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi 970,838.00
fied into profit or loss.
2.Gains and losses from changes in fair
589,427.00 -105,257,070.00
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
Net
after-tax of other comprehensive incom
e attributable to Minority shareholders’
The Third Quarterly Report 2017
equity
VII. Total comprehensive income 1,176,169,029.00 1,892,224,535.00
Total comprehensive income
attributable to the owner of the parent 782,651,509.00 1,372,276,535.00
company
Total comprehensive income
393,517,520.00 519,948,000.00
attributable minority shareholders
VIII. Earnings per share
(I)Basic earnings per share 0.149 0.281
(II)Diluted earnings per share 0.149 0.281
6.Income 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.Revenue 1,523,342,833.00 1,448,006,883.00
Less:Business cost 1,434,354,346.00 1,091,118,775.00
Business tax and surcharge 5,275,897.00 12,646,846.00
Selling expenses 6,733.00 9,300.00
Administrative expense 61,793,420.00 77,549,050.00
Financial expenses 147,728,499.00 163,432,962.00
Asset impairment loss
Add:Gains from change of fir value
(“-”for loss)
Investment gain(“-”for loss) 1,371,179,896.00 2,137,470,736.00
Incl: investment gains from affiliates 347,799,688.00
Other income 1,576,903.00
II. Operational profit 1,246,940,737.00 2,240,720,686.00
Add:Non-business income 378,555.00 1,897,148.00
Incl:Gains from disposal of non-current
assets
Less:Non business expenses 254,204.00 531,243.00
Incl:Loss from disposal of non-current
assets
III.Total profit 1,247,065,088.00 2,242,086,591.00
Less:Income tax expenses -25,543,667.00 35,569,606.00
IV. Net profit 1,272,608,755.00 2,206,516,985.00
The Third Quarterly Report 2017
V. Net after-tax of Other comprehensive
589,427.00 -104,286,232.00
income
(I)Other comprehensive income items
that will not be reclassified into
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.
(II)
Other comprehensive income that will b 589,427.00 -104,286,232.00
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi 970,838.00
fied into profit or loss.
2.Gains and losses from changes in fair
589,427.00 -105,257,070.00
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
VI.Total comprehensive income 1,273,198,182.00 2,102,230,753.00
VII.Earnings per share
(I)Basic earnings per share
(II)Diluted earnings per share
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
22,976,823,367.00 19,580,053,140.00
rending of services
The Third Quarterly Report 2017
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 the financial assets that
are measured at fair value and whose
movement is counted to the current gain
and loss
Cash received as interest, processing fee
and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 11,672,868.00 2,298,081.00
Other cash received from business
202,228,573.00 192,906,314.00
operation
Sub-total of cash inflow 23,190,724,808.00 19,775,257,535.00
Cash paid for purchasing of
17,164,125,211.00 8,179,839,824.00
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 staffs 1,032,922,764.00 1,124,600,927.00
Taxes paid 1,209,506,908.00 2,085,277,353.00
Other cash paid for business activities 415,754,180.00 335,520,946.00
Sub-total of cash outflow from business
19,822,309,063.00 11,725,239,050.00
activities
The Third Quarterly Report 2017
Cash flow generated by business
3,368,415,745.00 8,050,018,485.00
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 255,018,900.00 512,343,277.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 823,706.00 1,578,434.00
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
255,842,606.00 513,921,711.00
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 2,324,097,964.00 2,311,505,369.00
long-term assets
Cash paid as investment
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
2,324,097,964.00 2,311,505,369.00
investment activities
Net cash flow generated by investment -2,068,255,358.00 -1,797,583,658.00
III.Cash flow generated by financing
Cash received as investment 10,500,000.00 91,950,000.00
Incl: Cash received as investment from
10,500,000.00 141,950,000.00
minor shareholders
Cash received as loans 10,533,346,894.00 10,077,351,398.00
Cash received from bond placing
Other financing –related ash received 1,242,623.00
Sub-total of cash inflow from financing
10,545,089,517.00 10,169,301,398.00
activities
Cash to repay debts 9,878,680,784.00 11,862,353,840.00
Cash paid as dividend, profit, or 2,098,080,828.00 3,352,287,872.00
The Third Quarterly Report 2017
interests
Incl: Dividend and profit paid by
472,589,820.00 920,168,209.00
subsidiaries to minor shareholders
Other cash paid for financing activities 9,009,163.00
Sub-total of cash outflow due to
11,985,770,775.00 15,214,641,712.00
financing activities
Net cash flow generated by financing -1,440,681,258.00 -5,045,340,314.00
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
-140,520,871.00 1,207,094,513.00
equivalents
Add: balance of cash and cash
5,184,873,650.00 5,227,406,725.00
equivalents at the beginning of term
VI ..Balance of cash and cash
5,044,352,779.00 6,434,501,238.00
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
1,766,454,046.00 1,602,241,681.00
rending of services
Tax returned 1,329,204.00
Other cash received from business
25,365,346.00 21,065,583.00
operation
Sub-total of cash inflow 1,793,148,596.00 1,623,307,264.00
Cash paid for purchasing of
1,652,102,571.00 816,458,488.00
merchandise and services
Cash paid to staffs or paid for staffs 217,820,826.00 228,836,275.00
Taxes paid 17,443,904.00 157,580,734.00
Other cash paid for business activities 31,083,652.00 32,094,089.00
Sub-total of cash outflow from business
1,918,450,953.00 1,234,969,586.00
activities
Cash flow generated by business
-125,302,357.00 388,337,678.00
operation, net
II.Cash flow generated by investing
Cash received from investment 100,000,000.00 300,000,000.00
The Third Quarterly Report 2017
retrieving
Cash received as investment gains 1,240,906,577.00 2,351,701,691.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 63,862.00
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
1,340,970,439.00 2,651,701,691.00
investment activities
Cash paid for construction of fixed
assets, intangible assets 84,280,578.00 71,825,283.00
and other long-term assets
Cash paid as investment 470,489,932.00 795,583,889.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
554,770,510.00 867,409,172.00
investment activities
Net cash flow generated by investment 786,199,929.00 1,784,292,519.00
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 1,901,037,089.00 2,197,650,000.00
Cash received from bond placing
Other financing –related ash received 1,242,623.00
Sub-total of cash inflow from
1,902,279,712.00 2,197,650,000.00
financing activities
Cash to repay debts 1,800,000,000.00 2,700,000,000.00
Cash paid as dividend, profit, or
589,055,631.00 1,381,502,255.00
interests
Other cash paid for financing activities 1,502,493.00
Sub-total of cash outflow due to
2,390,558,124.00 4,081,502,255.00
financing activities
Net cash flow generated by financing -488,278,412.00 -1,883,852,255.00
IV. Influence of exchange rate
alternation on cash and cash equivalents
The Third Quarterly Report 2017
V.Net increase of cash and cash
172,619,160.00 288,777,942.00
equivalents
Add: balance of cash and cash
326,073,538.00 682,950,639.00
equivalents at the beginning of term
VI ..Balance of cash and cash
498,692,698.00 971,728,581.00
equivalents at the end of term
II. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.