Guangdong Provincial Expressway Development Co., Ltd. The First Quarterly Report 2016
Guangdong Provincial Expressway Development Co.，Ltd.
The First Quarterly Report 2016
April 2016
Guangdong Provincial Expressway Development Co., Ltd. The First 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.Zhu Zhanliang, Leader, Mr.Wang Chunhua,General Manager, Mr. Fang Zhi, Chief of the accounting work,
Ms.Liu Xiaomei, Chief of the accounting organ (chief of accounting ) hereby confirm the authenticity and
completeness of the financial report enclosed in this report.
Guangdong Provincial Expressway Development Co., Ltd. The First Quarterly Report 2016
II. Main financial data and changes of shareholders
（1）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
This period Same period of last year same period of last year
（％）
Operating income（RMB） 384,703,107.66 357,469,802.88 7.62%
Net profit attributable to the shareholders
127,187,345.72 89,949,365.89 41.40%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 126,779,718.66 87,373,228.21 45.10%
listed company（RMB）
Cash flow generated by business operation,
274,943,372.62 240,651,340.48 14.25%
net（RMB）
Basic earning per share(RMB/Share) 0.10 0.07 42.86%
Diluted gains per
0.10 0.07 42.86%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
2.44% 1.78% 0.66%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 12,131,854,608.39 12,107,767,967.86 0.20%
Net assets attributable to the shareholders
5,222,375,592.56 5,209,289,822.59 0.25%
of the listed company（RMB）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to
Items Notes
the end of the report period.)
Other non-operating income and expenditure except for the
721,970.60
aforementioned items
Less: Amount of influence of income tax 134,718.66
Guangdong Provincial Expressway Development Co., Ltd. The First Quarterly Report 2016
Amount of influence of minority interests（After tax） 179,624.88
Total 407,627.06 --
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.
Guangdong Provincial Expressway Development Co., Ltd. The First 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
Total number of common with the voting power
80,002
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Guangdong
State-owned legal
Communication 40.84% 513,356,893 409,977,151
person
Group Co., Ltd.
Domestic Natural
Feng Wuchu 1.71% 21,520,979
person
Guangdong
State-owned legal
Expressway Co., 1.56% 19,582,228 19,582,228
person
Ltd
Haerbin Hali Domestic Natural
1.18% 14,850,682
Industry Co., Ltd person
Overseas legal
Xinyue Co., Ltd. 1.05% 13,201,086
person
Guangdong
Yuecai Trust State-owned legal
0.97% 12,174,345
Investment Co., person
Ltd.
Domestic Natural
Li Zhuo 0.75% 9,458,390
person
China Everbright
Bank Co., Ltd－
China Europe Domestic non
new dynamic State-owned 0.53% 6,678,925
equity securities Legal person
investment fund
（LOF）
China Securities
Domestic non
Finance 0.33% 4,144,500
State-owned
Corporation
Guangdong Provincial Expressway Development Co., Ltd. The First Quarterly Report 2016
Limited. Legal person
VANGUARD
TOTAL Domestic non
INTERNATION State-owned 0.28% 3,490,900
AL STOCK Legal person
INDEX FUND
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 Group RMB Common
103,379,742 103,379,742
Co., Ltd. shares
RMB Common
19,655,709
shares
Foreign shares
Feng Wuchu 21,520,979
placed in
1,865,270
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
Guangdong Yuecai Trust Investment RMB Common
12,174,345 12,174,345
Co., Ltd. shares
RMB Common
Li Zhuo 9,458,390 9,458,390
shares
China Everbright Bank Co., Ltd－
RMB Common
China Europe new dynamic equity 6,678,925 6,678,925
shares
securities investment fund（LOF）
China Securities Finance RMB Common
4,144,500 4,144,500
Corporation Limited. shares
Foreign shares
VANGUARD TOTAL
placed in
INTERNATIONAL STOCK INDEX 3,490,900 3,490,900
domestic
FUND
exchange
Foreign shares
GUOTAI JUNAN
placed in
SECURITIES(HONGKONG) 3,388,866 3,388,866
domestic
LIMITED
exchange
Guangdong Provincial Expressway Development Co., Ltd. The First Quarterly Report 2016
Guangdong Communication Group Co., Ltd. is the parent company of Guangdong
Explanation on associated Expressway Co., Ltd. and Xinyue Co., Ltd.. It is unknown whether there is relationship
relationship or concerted action of between other shareholders and whether they are persons taking concerted action specified in
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 through stock
Note to the top 10 common account with credit transaction and guarantee and holds 908 A shares through ordinary stock
stockholders involved in margin account. hold 14,850,682 shares of the Company's stock totally；Li Zhuo holds 9,362,409 A
financing & securities lending (If shares of the Company through stock account with credit transaction and guarantee and
any) holds95,981 A shares through ordinary stock account, hold9,458,390 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
Guangdong Provincial Expressway Development Co., Ltd. The First Quarterly Report 2016
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 300.90 million and 30.49% over the beginning of the year, mainly due to
net cash inflow of RMB 275 million from operating activities, net cash inflow of RMB 85 million from investing
activities and net cash outflow of RMB59 million from financing activities.
2. Dividend receivable Increased by RMB 12.38 million and 100% o over the beginning of the year, Balance at
the beginning of RMB 0, All are the accrued receivable dividends of Zhaoqing Yuezhao Highway Co.,Ltd. in the
current period.
3. Deferred income tax assets Increased by RMB 2.2138 million and 2,122.83% over the beginning of the year,
The main reason for the increase is the accounting depreciation of Guangfo Expressway Co. Ltd is more than the
tax depreciation, confirming the deferred tax assets.
4. Tax payable Increased by RMB 11.21 million and 29.96% over the beginning of the year, The main reason for
the increase is the increase in the total profits of the current period, which leads to the increase of the enterprise
income tax in the current period
5. Interest payable Increased by RMB 16.66 million and 75.48% over the beginning of the year, The main reason
for the increase is the provision of RMB 16.97 million for the interest of the medium-term notes by the parent
company.
(II) Items of Income statement as compared with the same period of the previous year
1.Operating income increased by RMB27.23 million and 7.62% 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 increased by RMB 18.81 million and 10.88% year on year, The main reasons for the increase are
due to the following combined effects of the factors: (1) the depreciation of the road assets of Guangdong
Provincial Fokai Expressway Co., Ltd increased RMB 7.94 million and the depreciation of the road assets of
Guangfo Expressway Co., Ltd increased RMB 3.80 million; (2) the operating costs of Guangdong Expressway
Technology Investment Co., Ltd. increased RMB 5.13 million.
3.Business tax and surcharge increased by RMB0.54 million and 4.24% year on year, The main reason for the
increase is that the increase in operating income leads to the increase of tax.
4. Administrative expense decreased by RMB 6.97 million and 18.83% year on year, Mainly due to the
management strengthening and the cost-saving
5. Financial expenses decreased by RMB 23.60 million and 24.63% year on year, The main reasons for the
reduction are: (1) the total amount of loans of Guangdong Provincial Fokai Expressway Co., Ltd decreased RMB
400 million compared with the previous period, resulted in a corresponding reduction of interest payments; (2) the
effect of the lower interest rate of the loan.
6. Investment income Increased by RMB14.81 million and 16.55% year on year，The main reason for the
increase is the confirming of the increase of the investment gains on the company's share-participating companies
that participated in each section of the highway compared with
