Guangdong Electric Power Development Co., Ltd.
The Third Quarterly Report 2019
October 2019
1 Important notesThe Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of theCompany guarantee that there are no significant omissions, fictitious or misleading statements carried in theQuarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy andcompleteness of the Quarterly Report.All of the directors presented the board meeting at which this Quarterly Report was examined.Mr. Wang Jin, Person in charge of the Company, Mr.Liu Wei , Person in charge of accounting works, Mr.MengFei , Chief of the accounting organ (chief of accounting ) hereby confirm the authenticity and completeness of thefinancial report enclosed in this report.
II. Basic information about the companyI. Main financial data and indicesIndicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
| As at the end of the reporting period | As at the end of last year | Changed （%）over end of prev. year | ||||
| Gross assets（Yuan） | 73,915,799,989 | 73,329,662,306 | 0.80% | |||
| Net assets attributable to the shareholders of the listed company（Yuan） | 25,285,860,007 | 24,227,302,288 | 4.37% | |||
| Reporting period | Increase/decrease over the same period of last year（%） | Between beginning of the year to the end of the report period | Changed （%）over end of prev. year | |||
| Operating revenue（Yuan） | 8,646,351,018 | 22.45% | 21,520,532,268 | 2.69% | ||
| Net profit attributable to the shareholders of the listed company（Yuan） | 757,309,917 | 54.56% | 1,338,879,300 | 42.61% | ||
| Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（Yuan） | 719,277,830 | 52.65% | 1,307,866,747 | 47.89% | ||
| Net cash generated from /used in operating activities（Yuan） | -- | -- | 6,773,575,977 | 29.88% | ||
| Basic earning per share(Yuan/Share) | 0.1442 | 54.56% | 0.2550 | 42.62% | ||
| Diluted gains per share(Yuan/Share) | 0.1442 | 54.56% | 0.2550 | 42.62% | ||
| Weighted average return on equity（%） | 3.18% | 1.10% | 5.42% | 1.50% | ||
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
| Items | Amount (Year-beginning to the end of the report period.) | Notes |
| Non-current asset disposal gain/loss(including the write-off part for which assets impairment provision is made) | -13,971,117 | Scrap loss of Power Generation assets of some subsidiaries |
| Govemment subsidy recognized in current gain and loss(excluding those closely related to the Company’s business and granted under the state’s policies) | 7,424,991 | |
| Switch back of provision for depreciation of account receivable which was singly taken depreciation test. | 48,647,647 | It’s the bankruptcy claims by the parent company to Guangdong International Trust and Investment Co., Ltd-that was handled with bad debt losses in 2003, but the funds are now recovered and treated to offset the impairment losses of assets. |
| Effect on current gains/losses when a one-off adjustment is made to current gains/losses according to requirements of taxation, accounting and other relevant laws and regulations | -250,472 | |
| Other non-business income and expenditures other than the above | 581,676 | |
| Less: Amount of influence of income tax | 10,608,181 | |
| Influenced amount of minor shareholders’ equity (after tax) | 811,991 | |
| Total | 31,012,553 | -- |
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 oninformation disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses andits non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosurefor Companies offering their securities to the public-non-recurring Gains and losses which have been defined asrecurring 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 informationdisclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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 Recoveredand the Shares Held by Top Ten Common Shareholders
In shares
| Total number of common shareholders at the period-end | 95,913 | Total preference shareholders with the voting power recovered at the end of the reporting period(if any) | 0 | |||||||
| Shares held by the top 10 shareholders | ||||||||||
| Shareholder name | Properties of shareholder | Share proportion % | Quantity | Amount of tradable shares with Conditional held | Pledging or freezing | |||||
| Status of the shares | Quantity | |||||||||
| Guangdong Energy Group Co., Ltd. | State-owned legal person | 67.39% | 3,538,005,285 | 1,893,342,621 | ||||||
| China Securities Finance Co., Ltd. | State-owned legal person | 2.84% | 148,862,420 | |||||||
| Shenzhen Guangfa Electric Power Investment Co., Ltd. | State-owned legal person | 2.22% | 116,693,602 | |||||||
| Guangdong Electric Power Development Corporation | State-owned legal person | 1.80% | 94,367,341 | |||||||
| Li Zhuo | Domestic Natural person | 0.60% | 31,606,023 | |||||||
| Zheng Jianxiang | Domestic Natural person | 0.44% | 23,234,898 | |||||||
| Harbin Hali Industry Co., Ltd. | Domestic Non-State owned legal person | 0.41% | 21,763,533 | |||||||
| CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD | Overseas Legal person | 0.29% | 15,316,066 | |||||||
| Harbin Daoli District Charity Foundation | Domestic Non-State owned legal person | 0.26% | 13,730,793 | |||||||
| VANGUARD EMERGING MARKETS STOCK INDEX FUND | Overseas Legal person | 0.25% | 13,088,628 | |||||||
| Shares held by the Top 10 Shareholders of Non-restricted shares | ||||||||||
| Shareholders’ Names | Number of the non-restricted shares held | Share type | ||||||||
| Share type | Quantity | |||||||||
| Guangdong Energy Group Co., Ltd. | 1,644,662,664 | RMB Common shares | 1,644,662,664 | |||||||
| China Securities Finance Co., Ltd. | 148,862,420 | RMB Common shares | 148,862,420 | |||||||
| Shenzhen Guangfa Electric Power Investment Co., Ltd. | 116,693,602 | RMB Common shares | 116,693,602 | |||||||
| Guangdong Electric Power Development Corporation | 94,367,341 | RMB Common shares | 94,367,341 | |||||||
| Li Zhuo | 31,606,023 | RMB Common shares | 31,606,023 | |||||||
| Zheng Jianxiang | 23,234,898 | Foreign shares placed in domestic exchange | 23,234,898 |
| Harbin Hali Industry Co., Ltd. | 21,763,533 | RMB Common shares | 21,763,533 |
| CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD | 15,316,066 | Foreign shares placed in domestic exchange | 15,316,066 |
| Harbin Daoli District Charity Foundation | 13,730,793 | RMB Common shares | 13,730,793 |
| VANGUARD EMERGING MARKETS STOCK INDEX FUND | 13,088,628 | Foreign shares placed in domestic exchange | 13,088,628 |
| Explanation on associated relationship or concerted action of the above shareholders | The fourth largest shareholder Guangdong Electric Power Development Corporation is the wholly-owned subsidiaries of the largest shareholder Guangdong Energy Group. These two companies have relationships; whether the other shareholders have relationships or unanimous acting was unknown. | ||
| Note to the top 10 common stockholders involved in margin financing & securities lending (If any) | The Fifth largest shareholder Li Zhuo holds98,700 A shares of the Company through stock account with credit transaction and guarantee and holds 31,507,323 A shares through ordinary stock account, hold 31,606,023 shares of the Company's stock totally; The Seventh largest shareholder Harbin Hali Industry Co., Ltd. holds 820,888 A shares of the Company through stock account with credit transaction and guarantee and holds 20,942,645 A shares through ordinary stock account, hold 21,763,533 shares of the Company's stock totally; The Ninth largest shareholder Harbin Daoli District Charity Foundation holds80,187 A shares of the Company through stock account with credit transaction and guarantee and holds 13,650,606 A shares through ordinary stock account, hold 13,730,793 shares of the Company's stock totally. | ||
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have abuy-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 Companyhave 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 thereport period
□ Applicable √Not applicable
III. Significant EventsI. Particular about large-margin change of main accounting statement item and financial index and itsreason.
√ Applicable □ Not applicable
1. In the first three quarters of 2019, the Company completed the combined on-gird power of 52.545 billion kWh,down 3.48% YOY, the average on-grid price in the consolidated statement was 460.60 yuan/thousands kWh(including tax, the same below), up 18.54 yuan/thousands kWh. The cost of power generation fuel was 12925.779million yuan, a YOY decrease of 858.6669 million yuan or down 6.23%. Upon the combined effects of YOYdecline of coal price, the narrowing of the market electricity price, the dividends brought by implementation of thetax reduction and fee reduction policy and the various cost controls, the Company’s power generation grossprofits increased YOY, and the realized net profits attributable to the parent company in the first three quarterswere 1338.8793 million yuan, a YOY increase of 42.61%.
2. The net non-operating revenues and expenses decreased 90.7962 million yuan YOY in the reporting period, adecrease of 117.35%, which was mainly due to that Xuwen company received 45.456 million yuan of insurancecompensation for damage by typhoon Wilmasun and the donated fixed assets from Duojing Company received bysome subsidies, resulting in high non-operating income. This year, the scrap of power generation assets of somesubsidiaries generated the non-operating expenses of 13.24 million yuan.
3. The asset impairment losses decreased by 48.1976 million yuan, a decrease of 100.00%, which was mainly dueto the bankruptcy claims by the parent company to Guangdong International Trust and Investment Co., Ltd-thatwas handled with bad debt losses in 2003, but the funds are now recovered and treated to offset the impairmentlosses of assets.
4. The income tax expenses increased by 256.4174 million yuan, an increase of 71.80%, which was mainly due tothe better earnings by some subsidiaries this year, resulting in YOY increase of the income tax expenses.II. The progress of significant events and influence, as well as the analysis and explanation on resolvingproposal.
√ Applicable □ Not applicable
1. In order to improve the Company's debt structure and broaden the Company's financing channels and approvedby the Company's third extraordinary shareholders’ meeting on September 19, 2019, the Company plans topublicly issue the corporate bonds of no more than RMB 4 billion and the green renewable corporate bonds of nomore than RMB 4 billion. At present, the Company is carrying out the work related to the declaration andapplication of approval for the bonds issuance as planned.
2. During the reporting period, due to changes in work, Ms. Wen Shufei no longer served as a director of the ninthsession of the board of directors of the Company, a member of the budgetary committee of the board of directorsand a member of the audit committee of the board of directors; Mr. Li baobing no longer served as a supervisor ofthe ninth board of supervisors of the Company. The Company is currently carrying out the by-election work of
members of the board of directors and the board of supervisors in accordance with the relevant laws andregulations of the Company Law and the relevant provisions of the Company's "Articles of Association".
3. During the reporting period, Guangdong Yudean Binhai Energy Co., Ltd, a wholly-owned subsidiary of theCompany, received the “Reply from the Guangdong Development and Reform Commission on the Approval ofAlternative Power Source of Dongguan Ningzhou Site” (No.3309-[2019] Yuefa Reform Energy Letter), agreed tobuild the Dongguan Ningzhou site alternative power project. The project plans to construct three sets of 700MWclass gas-steam combined cycle heat and power cogeneration unit and the supporting facilities, adopting threeH-class gas-steam combined cycle heat and cooling cogeneration units. The total dynamic investment of theproject is 5.928 billion yuan, of which the project capital is 1.186 billion yuan, accounting for 20% of the totalinvestment of the project, and the loan is 4.742 billion yuan. The Company will fully promote the projectconstruction work in accordance with the relevant requirements of the project approval documents.
| Announcement | Date of disclosure | Website for disclosure |
| Company Bond Issuance Preplan | August 31,2019 | http//www.cninfo.com.cn. |
| Green renewable corporate bond issuance preplan | August 31,2019 | http//www.cninfo.com.cn. |
| Announcement About Departure of partial Directors and Supervisors | September 25,2019 | http//www.cninfo.com.cn. |
| Announcement on Receiving the Approval of the Alternative Power Project of Dongguan Ningzhou Site | September 30,2019 | http//www.cninfo.com.cn. |
Progress in the implementation of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ 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 commitmentsunfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
No such cases in the reporting period.IV. Securities investment
√ Applicable □Not applicable
In RMB
| Security category | Security code | Stock Abbreviation | Initial investment cost | Mode of accounting measurement | Book value balance at the beginning of the reporting period | Changes in fair value of the this period | Cumulative fair value changes in equity | Purchase amount in the this period | Sale amount in the this period | Gain/loss of the reporting period | Book value balance at the end of the reporting period | Accounting items | Source of the shares |
| Domestic and foreign stocks | 000027 | Shenzhen Energy | 15,890,628 | Fair value measurement | 66,150,000 | 6,678,000 | 56,937,372 | 630,000 | 72,828,000 | Other assets | Own-Funds |
| Domestic and foreign stocks | 600642 | Shenergy | 235,837,988 | Fair value measurement | 270,997,380 | 37,206,608 | 72,366,000 | 11,106,450 | 308,203,988 | Other assets | Own-Funds | ||
| Domestic and foreign stocks | 831039 | NEEQ | 3,600,000 | Fair value measurement | 3,618,000 | 2,376,000 | 2,394,000 | 360,000 | 5,994,000 | Other assets | Own-Funds | ||
| Total | 255,328,616 | -- | 340,765,380 | 46,260,608 | 131,697,372 | 0 | 0 | 12,096,450 | 387,025,988 | -- | -- | ||
| Disclosure date for the notice of approval by the Board (If any) | October 31,2018 | ||||||||||||
| Disclosure date for the notice of approval by shareholders’ Meeting (If any) | |||||||||||||
V. Entrusted Financial Management
□ Applicable √Not applicable
There is no Entrusted Financial Management during the report period.VI. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.VII. The registration form of acceptance of investigation, communication and interview in the reportperiod for future reference
√ Applicable □Not applicable
| Reception time | Way of reception | Types of visitors | Basic index |
| February 20,2019 | Onsite investigation | Organization | Details can be found in the Record Chart of the Investor Relation Activity disclosed on Juchao website(www.cninfo.com.cn) on February 22, 2019. |
| June 20,2019 | Onsite investigation | Organization | Details can be found in the Record Chart of the Investor Relation Activity disclosed on Juchao website(www.cninfo.com.cn) on June 25,2019. |
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
IV. Financial StatementI. Financial statement
1. Consolidated balance sheet
Prepared by: Guangdong Electric Power Development Co., Ltd.
September 30,2019
In RMB
| Items | September 30,2019 | December 31,2018 |
| Current asset： | ||
| Monetary fund | 5,645,228,165 | 5,574,382,892 |
| Settlement provision | ||
| Outgoing call loan | ||
| Transactional financial assets | ||
| Financial assets measured at fair value with variations accounted into current income account | ||
| Derivative financial assets | ||
| Notes receivable | ||
| Account receivable | 3,319,154,887 | 3,358,331,949 |
| Financing of receivables | ||
| Prepayments | 808,806,342 | 906,261,046 |
| Insurance receivable | ||
| Reinsurance receivable | ||
| Provisions of Reinsurance contracts receivable | ||
| Other account receivable | 276,283,404 | 222,976,826 |
| Including：Interest receivable | 18,595,586 | 18,856,569 |
| Dividend receivable | ||
| Repurchasing of financial assets | ||
| Inventories | 1,865,454,356 | 1,481,817,270 |
| Contract assets | ||
| Assets held for sales | ||
| Non-current asset due within 1 year | ||
| Other current asset | 256,260,503 | 617,853,476 |
| Total of current assets | 12,171,187,657 | 12,161,623,459 |
| Non-current assets： | ||
| Loans and payment on other’s behalf disbursed | ||
| Debt investment | ||
| Available for sale of financial assets | 1,565,806,331 | |
| Other investment on bonds |
| Expired investment in possess | ||
| Long-term receivable | 91,538,867 | 89,762,071 |
| Long term share equity investment | 6,626,923,016 | 6,395,134,754 |
| Other equity instruments investment | 1,690,229,178 | |
| Other non-current financial assets | ||
| Property investment | 22,716,561 | 10,810,722 |
| Fixed assets | 39,203,194,358 | 41,157,594,848 |
| Construction in progress | 9,312,895,745 | 7,740,754,343 |
| Production physical assets | ||
| Oil & gas assets | ||
| Use right assets | ||
| Intangible assets | 1,833,632,927 | 1,863,588,771 |
| Development expenses | ||
| Goodwill | 2,449,886 | 2,449,886 |
| Long-germ expenses to be amortized | 20,089,272 | 22,089,179 |
| Deferred income tax asset | 444,126,914 | 448,431,684 |
| Other non-current asset | 2,496,815,608 | 1,871,616,258 |
| Total of non-current assets | 61,744,612,332 | 61,168,038,847 |
| Total of assets | 73,915,799,989 | 73,329,662,306 |
| Current liabilities | ||
| Short-term loans | 6,005,383,548 | 7,526,000,000 |
| Loan from Central Bank | ||
| Borrowing funds | ||
| Transactional financial liabilities | ||
| Financial liabilities measured at fair value with variations accounted into current income account | ||
| Derivative financial liabilities | ||
| Notes payable | 1,274,236,650 | 941,161,107 |
| Account payable | 2,358,732,010 | 2,196,600,415 |
| Advance receipts | 188,688 | 343,894 |
| Contract Liabilities | ||
| Selling of repurchased financial assets | ||
| Deposit taking and interbank deposit | ||
| Entrusted trading of securities | ||
| Entrusted selling of securities | ||
| Employees’ wage payable | 385,459,082 | 235,741,179 |
| Tax payable | 700,481,232 | 397,001,706 |
| Other account payable | 3,891,343,831 | 4,152,518,495 |
| Including：Interest payable | 175,122,199 | 59,316,077 |
| Dividend payable | 9,796,594 | 9,703,930 |
| Fees and commissions payable |
| Reinsurance fee payable | ||
| Liabilities held for sales | ||
| Non-current liability due within 1 year | 2,236,596,045 | 2,779,347,654 |
| Other current liability | 1,505,285,967 | 1,107,904,110 |
| Total of current liability | 18,357,707,053 | 19,336,618,560 |
| Non-current liabilities： | ||
| Reserve fund for insurance contracts | ||
| Long-term loan | 17,848,540,420 | 18,802,292,664 |
| Bond payable | 1,464,189,017 | 838,326,742 |
| Including：preferred stock | ||
| Sustainable debt | ||
| Lease liability | ||
| Long-term payable | 2,471,247,841 | 2,311,513,249 |
| Long-term remuneration payable to staff | 108,584,393 | 122,913,388 |
| Expected liabilities | ||
| Deferred income | 131,724,820 | 133,043,646 |
| Deferred income tax liability | 160,171,428 | 100,726,841 |
| Other non-current liabilities | 166,405,569 | 166,405,569 |
| Total non-current liabilities | 22,350,863,488 | 22,475,222,099 |
| Total of liability | 40,708,570,541 | 41,811,840,659 |
| Owners’ equity | ||
| Share capital | 5,250,283,986 | 5,250,283,986 |
| Other equity instruments | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Capital reserves | 5,102,846,886 | 5,102,846,886 |
| Less：Shares in stock | ||
| Other comprehensive income | 584,705,588 | 550,010,133 |
| Special reserve | ||
| Surplus reserves | 8,245,767,593 | 7,834,155,143 |
| Common risk provision | ||
| Retained profit | 6,102,255,954 | 5,490,006,140 |
| Total of owner’s equity belong to the parent company | 25,285,860,007 | 24,227,302,288 |
| Minority shareholders’ equity | 7,921,369,441 | 7,290,519,359 |
| Total of owners’ equity | 33,207,229,448 | 31,517,821,647 |
| Total of liabilities and owners’ equity | 73,915,799,989 | 73,329,662,306 |
Legal representative ：Wang JinPerson-in-charge of the accounting work：Liu WeiPerson-in -charge of the accounting organ：Meng Fei
2. Balance sheet of Parent Company
In RMB
| Items | September 30,2019 | December 31,2018 |
| Current asset： | ||
| Monetary fund | 470,938,995 | 385,577,463 |
| Transactional financial assets | ||
| Financial assets measured at fair value with variations accounted into current income account | ||
| Derivative financial assets | ||
| Notes receivable | ||
| Account receivable | 242,555,864 | 264,537,475 |
| Financing of receivables | ||
| Prepayments | 46,137,800 | 44,826,500 |
| Other account receivable | 86,959,123 | 375,296,228 |
| Including：Interest receivable | 2,287,265 | 1,121,522 |
| Dividend receivable | 0 | 447,956 |
| Inventories | 195,841,833 | 187,058,140 |
| Contract assets | ||
| Assets held for sales | ||
| Non-current asset due within 1 year | ||
| Other current asset | 199,679 | 199,679 |
| Total of current assets | 1,042,633,294 | 1,257,495,485 |
| Non-current assets： | ||
| Debt investment | ||
| Available for sale of financial assets | 1,565,806,331 | |
| Other investment on bonds | ||
| Expired investment in possess | ||
| Long-term receivable | 306,460,000 | 306,460,000 |
| Long term share equity investment | 26,298,594,684 | 24,699,820,321 |
| Other equity instruments investment | 1,690,229,178 | |
| Other non-current financial assets | ||
| Property investment | 7,184,343 | 7,661,041 |
| Fixed assets | 771,609,143 | 978,022,437 |
| Construction in progress | 16,232,999 | 9,394,075 |
| Production physical assets | ||
| Oil & gas assets | ||
| Use right assets | ||
| Intangible assets | 83,970,573 | 86,681,362 |
| Development expenses | ||
| Goodwill |
| Long-germ expenses to be amortized | ||
| Deferred income tax asset | ||
| Other non-current asset | 356,004,000 | 356,004,000 |
| Total of non-current assets | 29,530,284,920 | 28,009,849,567 |
| Total of assets | 30,572,918,214 | 29,267,345,052 |
| Current liabilities | ||
| Short-term loans | 1,500,000,000 | 1,500,000,000 |
| Transactional financial liabilities | ||
| Financial liabilities measured at fair value with variations accounted into current income account | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Account payable | 216,907,981 | 223,827,319 |
| Advance receipts | ||
| Contract Liabilities | ||
| Employees’ wage payable | 90,148,461 | 53,346,100 |
| Tax payable | 37,534,092 | 48,590,195 |
| Other account payable | 127,783,657 | 98,528,954 |
| Including：Interest payable | 51,084,354 | 15,787,356 |
| Dividend payable | 9,796,594 | 9,703,930 |
| Liabilities held for sales | ||
| Non-current liability due within 1 year | 40,292,266 | |
| Other current liability | 1,509,050,959 | 1,107,904,110 |
| Total of current liability | 3,521,717,416 | 3,032,196,678 |
| Non-current liabilities： | ||
| Long-term loan | 1,500,000,000 | 1,500,000,000 |
| Bond payable | 765,137,333 | 838,326,742 |
| Including：preferred stock | ||
| Sustainable debt | ||
| Lease liability | ||
| Long-term payable | 5,506,949 | 4,340,898 |
| Long-term remuneration payable to staff | 29,693,395 | 32,170,769 |
| Expected liabilities | ||
| Deferred income | 48,362,943 | 48,362,943 |
| Deferred income tax liability | 158,906,208 | 99,461,621 |
| Other non-current liabilities | ||
| Total non-current liabilities | 2,507,606,828 | 2,522,662,973 |
| Total of liability | 6,029,324,244 | 5,554,859,651 |
| Owners’ equity | ||
| Share capital | 5,250,283,986 | 5,250,283,986 |
| Other equity instruments |
| Including：preferred stock | ||
| Sustainable debt | ||
| Capital reserves | 5,605,794,601 | 5,605,794,601 |
| Less：Shares in stock | ||
| Other comprehensive income | 584,705,588 | 550,010,133 |
| Special reserve | ||
| Surplus reserves | 8,245,767,593 | 7,834,155,143 |
| Retained profit | 4,857,042,202 | 4,472,241,538 |
| Total of owners’ equity | 24,543,593,970 | 23,712,485,401 |
| Total of liabilities and owners’ equity | 30,572,918,214 | 29,267,345,052 |
3.Consolidated Income statement of the Report period
In RMB
| Items | Amount in this period | Amount in last period |
| I. Turnover | 8,646,351,018 | 7,060,929,815 |
| Including ：Operating income | 8,646,351,018 | 7,060,929,815 |
| Interest income | ||
| Insurance fee earned | ||
| Fee and commission received | ||
| II. Total operating costs | 7,497,679,016 | 6,635,830,401 |
| Including ：Operating costs | 6,928,192,466 | 6,089,990,898 |
| Interest expense | ||
| Fee and commission paid | ||
| Insurance discharge payment | ||
| Net claim amount paid | ||
| Appropriation of deposit for duty, net | ||
| Insurance policy dividend paid | ||
| Reinsurance expenses | ||
| Business tax and surcharge | 71,719,992 | 52,349,958 |
| Sales expense | 11,243,947 | 8,280,287 |
| Administrative expense | 174,317,245 | 146,494,451 |
| R & D expense | 1,289,004 | 598,480 |
| Financial expenses | 310,916,362 | 338,116,327 |
| Including：Interest expense | 319,264,192 | 352,800,506 |
| Interest income | 11,283,318 | 16,030,193 |
| Add：Other income | 6,877,778 | 3,525,337 |
| Investment gain（“-”for loss） | 136,008,997 | 231,802,229 |
| Including: investment gains from affiliates | 134,803,712 | 196,213,706 |
| Financial assets measured at amortized cost cease to be recognized as income |
| Gains from currency exchange | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | ||
| Impairment loss of assets | 48,197,647 | |
| Assets disposal income | -3,650,548 | |
| III. Operating profit（“-”for loss） | 1,339,756,424 | 656,776,432 |
| Add ：Non-operating income | 3,309,345 | 33,997,213 |
| Less: Non-operating expenses | 1,790,954 | 7,418,728 |
| IV. Total profit(“-”for loss) | 1,341,274,815 | 683,354,917 |
| Less：Income tax expenses | 303,700,779 | 49,351,732 |
| V. Net profit | 1,037,574,036 | 634,003,185 |
| (I) Classification by business continuity | ||
| 1.Net continuing operating profit | 1,037,574,036 | 634,003,185 |
| 2.Termination of operating net profit | ||
| (II) Classification by ownership | ||
| 1.Net profit attributable to the owners of parent company | 757,309,917 | 489,988,070 |
| 2.Minority shareholders’ equity | 280,264,119 | 144,015,115 |
| VI. Net after-tax of other comprehensive income | -22,817,126 | 13,964,804 |
| Net of profit of other comprehensive income attributable to owners of the parent company. | -22,817,126 | 13,964,804 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | -22,817,126 | |
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| 3. Changes in the fair value of investments in other equity instruments | -22,817,126 | |
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | 13,964,804 | |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. |
| 2. Changes in the fair value of investments in other debt obligations | ||
| 3.Gains and losses from changes in fair value available for sale financial assets | 13,964,804 | |
| 4. Other comprehensive income arising from the reclassification of financial assets | ||
| 5.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 6. Allowance for credit impairments in investments in other debt obligations | ||
| 7. Reserve for cash flow hedges | ||
| 8. Translation differences in currency financial statements | ||
| 9.Other | ||
| Net of profit of other comprehensive income attributable to Minority shareholders’ equity | ||
| VII. Total comprehensive income | 1,014,756,910 | 647,967,989 |
| Total comprehensive income attributable to the owner of the parent company | 734,492,791 | 503,952,874 |
| Total comprehensive income attributable minority shareholders | 280,264,119 | 144,015,115 |
| VIII. Earnings per share | ||
| （I）Basic earnings per share | 0.1442 | 0.0933 |
| (II)Diluted earnings per share | 0.1442 | 0.0933 |
Legal representative ：Wang JinPerson-in-charge of the accounting work：Liu WeiPerson-in -charge of the accounting organ：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 | 635,806,632 | 577,942,718 |
| Including ：Operating costs | 594,224,355 | 515,284,438 |
| Business tax and surcharge | 2,450,238 | 3,078,514 |
| Sales expense | 422,950 | 524,829 |
| Administrative expense | 28,185,676 | 21,402,614 |
| R & D expense | 360,401 | 302,564 |
| Financial expenses | 52,177,490 | 50,695,820 |
| Including：Interest expenses | 52,540,192 | 52,034,315 |
| Interest income | 1,454,556 | 1,813,721 |
| Add：Other income | 268,463 | |
| Investment gain（“-”for loss） | 223,828,335 | 351,302,307 |
| Including: investment gains from affiliates | 134,624,138 | 196,520,010 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | ||
| Impairment loss of assets | 48,647,647 | |
| Assets disposal income | ||
| II. Operating profit（“-”for loss） | 230,461,503 | 339,439,644 |
| Add ：Non-operating income | 174,784 | 4,376,527 |
| Less：Non -operating expenses | 702,682 | 43,758 |
| III. Total profit(“-”for loss) | 229,933,605 | 343,772,413 |
| Less：Income tax expenses | -12,227,012 | |
| IV. Net profit | 229,933,605 | 355,999,425 |
| 1.Net continuing operating profit | 229,933,605 | 355,999,425 |
| 2.Termination of operating net profit | ||
| V. Net after-tax of other comprehensive income | -22,817,126 | 13,964,805 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | -22,817,126 | |
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| 3. Changes in the fair value of investments in other equity instruments | -22,817,126 | |
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | 13,964,805 | |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt obligations |
| 3. Gains and losses from changes in fair value available for sale financial assets | 13,964,805 | |
| 4. Other comprehensive income arising from the reclassification of financial assets | ||
| 5.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 6. Allowance for credit impairments in investments in other debt obligations | ||
| 7. Reserve for cash flow hedges | ||
| 8. Translation differences in currency financial statements | ||
| 9.Other | ||
| VI. Total comprehensive income | 207,116,479 | 369,964,230 |
| VII. Earnings per share | ||
| （I）Basic earnings per share | 0.0438 | 0.0678 |
| (II)Diluted earnings per share | 0.0438 | 0.0678 |
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. Turnover | 21,520,532,268 | 20,955,914,994 |
| Including：Operating income | 21,520,532,268 | 20,955,914,994 |
| Interest income | ||
| Insurance fee earned | ||
| Commission charge and commission income | ||
| II. Total operating costs | 19,534,660,935 | 19,849,361,205 |
| Including ：Operating costs | 17,952,335,942 | 18,290,847,325 |
| Interest expense | ||
| Fee and commission paid | ||
| Insurance discharge payment | ||
| Net claim amount paid | ||
| Appropriation of deposit for duty,net | ||
| Insurance policy dividend paid | ||
| Reinsurance expenses | ||
| Business tax and surcharge | 165,085,350 | 151,882,523 |
| Sales expense | 24,088,735 | 18,596,417 |
| Administrative expense | 445,202,049 | 416,866,769 |
| R & D expense | 1,636,527 | 1,933,046 |
| Financial expenses | 946,312,332 | 969,235,125 |
| Including：Interest expense | 983,273,645 | 1,009,905,889 |
| Interest income | 42,944,823 | 45,903,200 |
| Add：Other income | 46,350,634 | 20,556,096 |
| Investment gain（“-”for loss） | 440,490,979 | 522,820,821 |
| Including: investment gains from affiliates | 408,421,926 | 468,618,691 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Gains from currency exchange | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | -523,441 | |
| Impairment loss of assets | 48,197,647 | |
| Assets disposal income | -3,262,041 | |
| III. Operating profit（“-”for loss） | 2,520,387,152 | 1,646,668,665 |
| Add ：Non-operating income | 8,602,532 | 86,606,114 |
| Less: Non-operating expense | 22,025,650 | 9,233,051 |
| IV. Total profit(“-”for loss) | 2,506,964,034 | 1,724,041,728 |
| Less：Income tax expenses | 613,536,709 | 357,119,310 |
| V. Net profit | 1,893,427,325 | 1,366,922,418 |
| (I) Classification by business continuity | ||
| 1.Net continuing operating profit | 1,893,427,325 | 1,366,922,418 |
| 2.Termination of operating net profit | ||
| (II) Classification by ownership | ||
| 1.Net profit attributable to the owners of parent company | 1,338,879,300 | 938,821,588 |
| 2.Minority shareholders’ equity | 554,548,025 | 428,100,830 |
| VI. Net after-tax of other comprehensive income | 34,695,456 | -32,887,013 |
| Net of profit of other comprehensive income attributable to owners of the parent company. | 34,695,456 | -32,887,013 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | 34,695,456 | |
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| 3. Changes in the fair value of investments in other equity instruments | 34,695,456 |
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | -32,887,013 | |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt obligations | ||
| 3.Gains and losses from changes in fair value available for sale financial assets | -32,887,013 | |
| 4. Other comprehensive income arising from the reclassification of financial assets | ||
| 5.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 6. Allowance for credit impairments in investments in other debt obligations | ||
| 7. Reserve for cash flow hedges | ||
| 8. Translation differences in currency financial statements | ||
| 9.Other | ||
| Net of profit of other comprehensive income attributable to Minority shareholders’ equity | ||
| VII. Total comprehensive income | 1,928,122,781 | 1,334,035,405 |
| Total comprehensive income attributable to the owner of the parent company | 1,373,574,756 | 905,934,575 |
| Total comprehensive income attributable minority shareholders | 554,548,025 | 428,100,830 |
| VIII. Earnings per share | ||
| （I）Basic earnings per share | 0.2550 | 0.1788 |
| (II)Diluted earnings per share | 0.2550 | 0.1788 |
Legal representative ：Wang JinPerson-in-charge of the accounting work：Liu WeiPerson-in -charge of the accounting organ：Meng Fei
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 | 1,620,715,714 | 1,726,288,740 |
| Including ：Operating costs | 1,572,358,236 | 1,598,465,653 |
| Business tax and surcharge | 8,340,931 | 7,693,638 |
| Sales expense | 1,098,839 | 1,442,447 |
| Administrative expense | 65,049,565 | 58,951,622 |
| R & D expense | 630,094 | 1,214,935 |
| Financial expenses | 153,134,251 | 150,768,384 |
| Including：Interest expenses | 154,449,687 | 152,944,226 |
| Interest income | 3,932,287 | 4,566,763 |
| Add：Other income | 10,000 | 553,359 |
| Investment gain（“-”for loss） | 1,289,334,443 | 1,427,022,196 |
| Including: investment gains from affiliates | 404,708,029 | 466,595,698 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | -303,753 | |
| Impairment loss of assets | 48,647,647 | |
| Assets disposal income | 3,218,915 | -32,933 |
| II. Operating profit（“-”for loss） | 1,161,011,049 | 1,336,509,618 |
| Add ：Non-operating income | 182,626 | 4,503,789 |
| Less：Non -operating expenses | 1,884,087 | 720,426 |
| III. Total profit(“-”for loss) | 1,159,309,588 | 1,340,292,981 |
| Less：Income tax expenses | 47,879,436 | -12,227,012 |
| IV. Net profit | 1,111,430,152 | 1,352,519,993 |
| 1.Net continuing operating profit | 1,111,430,152 | 1,352,519,993 |
| 2.Termination of operating net profit | ||
| V. Net after-tax of other comprehensive income | 34,695,456 | -32,887,013 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | 34,695,456 | |
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| 3. Changes in the fair value of investments in other equity instruments | 34,695,456 | |
| 4. Changes in the fair value of the company’s credit risks |
| 5.Other | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | -32,887,013 | |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt obligations | ||
| 3. Gains and losses from changes in fair value available for sale financial assets | -32,887,013 | |
| 4. Other comprehensive income arising from the reclassification of financial assets | ||
| 5.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 6. Allowance for credit impairments in investments in other debt obligations | ||
| 7. Reserve for cash flow hedges | ||
| 8. Translation differences in currency financial statements | ||
| 9.Other | ||
| VI. Total comprehensive income | 1,146,125,608 | 1,319,632,980 |
| VII. Earnings per share | ||
| （I）Basic earnings per share | 0.2117 | 0.2576 |
| (II)Diluted earnings per share | 0.2117 | 0.2576 |
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 rending of services | 24,362,498,308 | 24,799,345,474 |
| 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 | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of inter-bank fund received | ||
| Net increase of repurchasing business | ||
| Net cash received by agent in securities trading | ||
| Tax returned | 58,799,293 | 23,986,752 |
| Other cash received from business operation | 243,645,593 | 316,000,156 |
| Sub-total of cash inflow | 24,664,943,194 | 25,139,332,382 |
| Cash paid for purchasing of merchandise and services | 15,275,232,014 | 17,204,974,896 |
| Net increase of client trade and advance | ||
| Net increase of savings in central bank and brother company | ||
| Cash paid for original contract claim | ||
| Net increase for Outgoing call loan | ||
| Cash paid for interest, processing fee and commission | ||
| Cash paid for policy dividend | ||
| Cash paid to staffs or paid for staffs | 1,131,162,005 | 1,129,219,428 |
| Taxes paid | 1,014,809,741 | 1,209,544,746 |
| Other cash paid for business activities | 470,163,457 | 380,282,755 |
| Sub-total of cash outflow from business activities | 17,891,367,217 | 19,924,021,825 |
| Net cash generated from /used in operating activities | 6,773,575,977 | 5,215,310,557 |
| II. Cash flow generated by investing | ||
| Cash received from investment retrieving | 102,820,430 | |
| Cash received as investment gains | 201,960,518 | 205,304,813 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 3,329,189 | |
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | ||
| Sub-total of cash inflow due to investment activities | 304,780,948 | 208,634,002 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 3,000,250,669 | 2,184,056,309 |
| Cash paid as investment | 79,035,790 | 98,000,000 |
| 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 investment activities | 3,079,286,459 | 2,282,056,309 |
| Net cash flow generated by investment | -2,774,505,511 | -2,073,422,307 |
| III.Cash flow generated by financing | ||
| Cash received as investment | 512,000,000 | 4,000,000 |
| Including: Cash received as investment from minor shareholders | 512,000,000 | 4,000,000 |
| Cash received as loans | 10,903,258,541 | 10,983,650,853 |
| Other financing –related cash received | 1,038,130 | 1,101,067,918 |
| Sub-total of cash inflow from financing activities | 11,416,296,671 | 12,088,718,771 |
| Cash to repay debts | 13,544,754,488 | 12,117,550,767 |
| Cash paid as dividend, profit, or interests | 1,795,543,714 | 2,042,180,267 |
| Including: Dividend and profit paid by subsidiaries to minor shareholders | 385,697,942 | 466,862,545 |
| Other cash paid for financing activities | 3,335,383 | 139,293,933 |
| Sub-total of cash outflow due to financing activities | 15,343,633,585 | 14,299,024,967 |
| Net cash flow generated by financing | -3,927,336,914 | -2,210,306,196 |
| IV. Influence of exchange rate alternation on cash and cash equivalents | ||
| V.Net increase of cash and cash equivalents | 71,733,552 | 931,582,054 |
| Add: balance of cash and cash equivalents at the beginning of term | 5,570,382,893 | 4,996,580,490 |
| VI ..Balance of cash and cash equivalents at the end of term | 5,642,116,445 | 5,928,162,544 |
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 rending of services | 1,820,859,152 | 1,997,490,437 |
| Tax returned | ||
| Other cash received from business operation | 46,901,686 | 40,391,202 |
| Sub-total of cash inflow | 1,867,760,838 | 2,037,881,639 |
| Cash paid for purchasing of merchandise and services | 1,338,827,716 | 1,612,998,291 |
| Cash paid to staffs or paid for staffs | 202,912,167 | 234,297,388 |
| Taxes paid | 70,035,488 | 57,690,048 |
| Other cash paid for business activities | 43,410,776 | 51,890,628 |
| Sub-total of cash outflow from business activities | 1,655,186,147 | 1,956,876,355 |
| Net cash generated from /used in operating activities | 212,574,691 | 81,005,284 |
| II.Cash flow generated by investing | ||
| Cash received from investment retrieving | 348,864,150 | 187,920,000 |
| Cash received as investment gains | 1,057,794,667 | 1,122,385,336 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 6,281,001 | 713,237 |
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | ||
| Sub-total of cash inflow due to investment activities | 1,412,939,818 | 1,311,018,573 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 26,677,506 | 71,096,344 |
| Cash paid as investment | 1,445,721,936 | 951,000,000 |
| Net cash received from subsidiaries and other operational units | ||
| Other cash paid for investment activities | ||
| Sub-total of cash outflow due to investment activities | 1,472,399,442 | 1,022,096,344 |
| Net cash flow generated by investment | -59,459,624 | 288,922,229 |
| III. Cash flow generated by financing | ||
| Cash received as investment | ||
| Cash received as loans | 2,398,950,000 | 4,428,650,000 |
| Other financing –related ash received | 1,035,360 | 1,055,608 |
| Sub-total of cash inflow from financing activities | 2,399,985,360 | 4,429,705,608 |
| Cash to repay debts | 2,000,000,000 | 3,889,693,500 |
| Cash paid as dividend, profit, or interests | 465,720,875 | 595,653,843 |
| Other cash paid for financing activities | 2,018,021 | 1,696,572 |
| Sub-total of cash outflow due to financing activities | 2,467,738,896 | 4,487,043,915 |
| Net cash flow generated by financing | -67,753,536 | -57,338,307 |
| IV. Influence of exchange rate alternation on cash and cash equivalents | ||
| V.Net increase of cash and cash equivalents | 85,361,531 | 312,589,206 |
| Add: balance of cash and cash equivalents at the beginning of term | 385,577,464 | 429,724,538 |
| VI ..Balance of cash and cash equivalents at the end of term | 470,938,995 | 742,313,744 |
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according tothe new standards for financial instruments, the new standards for revenues and the new standards forlease implemented commencing from year 2019
√ Applicable □ Not applicable
Consolidated balance sheet
In RMB
| Items | December 31,2018 | January 1,2019 | Amount involved in the adjustment |
| Current asset： | |||
| Monetary fund | 5,574,382,892 | 5,574,382,892 | |
| Settlement provision | |||
| Outgoing call loan | |||
| Transactional financial assets | |||
| Financial assets measured at fair value with variations accounted into current income account | |||
| Derivative financial assets | |||
| Notes receivable | |||
| Account receivable | 3,358,331,949 | 3,358,331,949 | |
| Financing of receivables | |||
| Prepayments | 906,261,046 | 906,261,046 | |
| Insurance receivable | |||
| Reinsurance receivable | |||
| Provisions of Reinsurance contracts receivable | |||
| Other account receivable | 222,976,826 | 222,976,826 | |
| Including：Interest receivable | 18,856,569 | 18,856,569 | |
| Dividend receivable | |||
| Repurchasing of financial assets | |||
| Inventories | 1,481,817,270 | 1,481,817,270 | |
| Contract assets | |||
| Assets held for sales | |||
| Non-current asset due within |
| 1 year | |||
| Other current asset | 617,853,476 | 617,853,476 | |
| Total of current assets | 12,161,623,459 | 12,161,623,459 | |
| Non-current assets： | |||
| Loans and payment on other’s behalf disbursed | |||
| Debt investment | |||
| Available for sale of financial assets | 1,565,806,331 | -1,565,806,331 | |
| Other investment on bonds | |||
| Expired investment in possess | |||
| Long-term receivable | 89,762,071 | 89,762,071 | |
| Long term share equity investment | 6,395,134,754 | 6,395,134,754 | |
| Other equity instruments investment | 1,565,806,331 | 1,565,806,331 | |
| Other non-current financial assets | |||
| Property investment | 10,810,722 | 10,810,722 | |
| Fixed assets | 41,157,594,848 | 41,157,594,848 | |
| Construction in progress | 7,740,754,343 | 7,740,754,343 | |
| Production physical assets | |||
| Oil & gas assets | |||
| Use right assets | |||
| Intangible assets | 1,863,588,771 | 1,863,588,771 | |
| Development expenses | |||
| Goodwill | 2,449,886 | 2,449,886 | |
| Long-germ expenses to be amortized | 22,089,179 | 22,089,179 | |
| Deferred income tax asset | 448,431,684 | 448,431,684 | |
| Other non-current asset | 1,871,616,258 | 1,871,616,258 | |
| Total of non-current assets | 61,168,038,847 | 61,168,038,847 | |
| Total of assets | 73,329,662,306 | 73,329,662,306 | |
| Current liabilities | |||
| Short-term loans | 7,526,000,000 | 7,526,000,000 | |
| Loan from Central Bank | |||
| Borrowing funds | |||
| Transactional financial liabilities | |||
| Financial liabilities measured at fair value with variations accounted into current income account | |||
| Derivative financial liabilities | |||
| Notes payable | 941,161,107 | 941,161,107 |
| Account payable | 2,196,600,415 | 2,196,600,415 | |
| Advance receipts | 343,894 | 343,894 | |
| Contract liabilities | |||
| Selling of repurchased financial assets | |||
| Deposit taking and interbank deposit | |||
| Entrusted trading of securities | |||
| Entrusted selling of securities | |||
| Employees’ wage payable | 235,741,179 | 235,741,179 | |
| Tax payable | 397,001,706 | 397,001,706 | |
| Other account payable | 4,152,518,495 | 4,152,518,495 | |
| Including：Interest payable | 59,316,077 | 59,316,077 | |
| Dividend payable | 9,703,930 | 9,703,930 | |
| Fees and commissions payable | |||
| Reinsurance fee payable | |||
| Liabilities held for sales | |||
| Non-current liability due within 1 year | 2,779,347,654 | 2,779,347,654 | |
| Other current liability | 1,107,904,110 | 1,107,904,110 | |
| Total of current liability | 19,336,618,560 | 19,336,618,560 | |
| Non-current liabilities： | |||
| Reserve fund for insurance contracts | |||
| Long-term loan | 18,802,292,664 | 18,802,292,664 | |
| Bond payable | 838,326,742 | 838,326,742 | |
| Including：preferred stock | |||
| Sustainable debt | |||
| Lease liability | |||
| Long-term payable | 2,311,513,249 | 2,311,513,249 | |
| Long-term remuneration payable to staff | 122,913,388 | 122,913,388 | |
| Expected liabilities | |||
| Deferred income | 133,043,646 | 133,043,646 | |
| Deferred income tax liability | 100,726,841 | 100,726,841 | |
| Other non-current liabilities | 166,405,569 | 166,405,569 | |
| Total non-current liabilities | 22,475,222,099 | 22,475,222,099 | |
| Total of liability | 41,811,840,659 | 41,811,840,659 | |
| Owners’ equity | |||
| Share capital | 5,250,283,986 | 5,250,283,986 | |
| Other equity instruments | |||
| Including：preferred stock |
| Sustainable debt | |||
| Capital reserves | 5,102,846,886 | 5,102,846,886 | |
| Less：Shares in stock | |||
| Other comprehensive income | 550,010,133 | 550,010,133 | |
| Special reserve | |||
| Surplus reserves | 7,834,155,143 | 7,834,155,143 | |
| Common risk provision | |||
| Retained profit | 5,490,006,140 | 5,490,006,140 | |
| Total of owner’s equity belong to the parent company | 24,227,302,288 | 24,227,302,288 | |
| Minority shareholders’ equity | 7,290,519,359 | 7,290,519,359 | |
| Total of owners’ equity | 31,517,821,647 | 31,517,821,647 | |
| Total of liabilities and owners’ equity | 73,329,662,306 | 73,329,662,306 |
Adjustment statementAccording to the No. 22 Accounting Standards for Business Enterprises, the No. 23 Accounting Standards forBusiness Enterprises, the No. 24 Accounting Standards for Business Enterprises revised and issued by theMinistry of Finance on March 31, 2017, the No. 37 Accounting Standards for Business Enterprises (hereinafterreferred to as the new Financial Instruments Standards) revised and issued by the Ministry of Finance on May 2,2017, and the Notice on Issuance of the Amended 2019 Annual General Financial Statements of the GeneralEnterprises (No. 6 [2019] Cai hui) issued on April 30, 2019, and combined with the Group's business model formanaging financial assets and the contract cash flow characteristics of the financial assets, the investment of thethree companies held shall be adjusted from the accounting of available-for-sale financial assets originallycalculated by cost method to the accounting of financial assets measured by fair value and whose changes areincluded in other comprehensive income, and it shall be presented in the investment of other equity instruments.Parent Company Balance Sheet
In RMB
| Items | December 31,2018 | January 1,2019 | Amount involved in the adjustment |
| Current asset： | |||
| Monetary fund | 385,577,463 | 385,577,463 | |
| Transactional financial assets | |||
| Financial assets measured at fair value with variations accounted into current income account | |||
| Derivative financial assets | |||
| Notes receivable | |||
| Account receivable | 264,537,475 | 264,537,475 | |
| Financing of receivables | |||
| Prepayments | 44,826,500 | 44,826,500 | |
| Other account receivable | 375,296,228 | 375,296,228 |
| Including：Interest receivable | 1,121,522 | 1,121,522 | |
| Dividend receivable | 447,956 | 447,956 | |
| Inventories | 187,058,140 | 187,058,140 | |
| Contract assets | |||
| Assets held for sales | |||
| Non-current asset due within 1 year | |||
| Other current asset | 199,679 | 199,679 | |
| Total of current assets | 1,257,495,485 | 1,257,495,485 | |
| Non-current assets： | |||
| Debt investment | |||
| Available for sale of financial assets | 1,565,806,331 | -1,565,806,331 | |
| Other investment on bonds | |||
| Expired investment in possess | |||
| Long-term receivable | 306,460,000 | 306,460,000 | |
| Long term share equity investment | 24,699,820,321 | 24,699,820,321 | |
| Other equity instruments investment | 1,565,806,331 | 1,565,806,331 | |
| Other non-current financial assets | |||
| Property investment | 7,661,041 | 7,661,041 | |
| Fixed assets | 978,022,437 | 978,022,437 | |
| Construction in progress | 9,394,075 | 9,394,075 | |
| Production physical assets | |||
| Oil & gas assets | |||
| Use right assets | |||
| Intangible assets | 86,681,362 | 86,681,362 | |
| Development expenses | |||
| Goodwill | |||
| Long-germ expenses to be amortized | |||
| Deferred income tax asset | |||
| Other non-current asset | 356,004,000 | 356,004,000 | |
| Total of non-current assets | 28,009,849,567 | 28,009,849,567 | |
| Total of assets | 29,267,345,052 | 29,267,345,052 | |
| Current liabilities | |||
| Short-term loans | 1,500,000,000 | 1,500,000,000 | |
| Transactional financial liabilities | |||
| Financial liabilities measured at fair value with variations accounted into current income account |
| Derivative financial liabilities | |||
| Notes payable | |||
| Account payable | 223,827,319 | 223,827,319 | |
| Advance receipts | |||
| Contract Liabilities | |||
| Employees’ wage payable | 53,346,100 | 53,346,100 | |
| Tax payable | 48,590,195 | 48,590,195 | |
| Other account payable | 98,528,954 | 98,528,954 | |
| Including：Interest payable | 15,787,356 | 15,787,356 | |
| Dividend payable | 9,703,930 | 9,703,930 | |
| Liabilities held for sales | |||
| Non-current liability due within 1 year | |||
| Other current liability | 1,107,904,110 | 1,107,904,110 | |
| Total of current liability | 3,032,196,678 | 3,032,196,678 | |
| Non-current liabilities： | |||
| Long-term loan | 1,500,000,000 | 1,500,000,000 | |
| Bond payable | 838,326,742 | 838,326,742 | |
| Including：preferred stock | |||
| Sustainable debt | |||
| Lease liability | |||
| Long-term payable | 4,340,898 | 4,340,898 | |
| Long-term remuneration payable to staff | 32,170,769 | 32,170,769 | |
| Expected liabilities | |||
| Deferred income | 48,362,943 | 48,362,943 | |
| Deferred income tax liability | 99,461,621 | 99,461,621 | |
| Other non-current liabilities | |||
| Total non-current liabilities | 2,522,662,973 | 2,522,662,973 | |
| Total of liability | 5,554,859,651 | 5,554,859,651 | |
| Owners’ equity | |||
| Share capital | 5,250,283,986 | 5,250,283,986 | |
| Other equity instruments | |||
| Including：preferred stock | |||
| Sustainable debt | |||
| Capital reserves | 5,605,794,601 | 5,605,794,601 | |
| Less：Shares in stock | |||
| Other comprehensive income | 550,010,133 | 550,010,133 | |
| Special reserve | |||
| Surplus reserves | 7,834,155,143 | 7,834,155,143 | |
| Retained profit | 4,472,241,538 | 4,472,241,538 | |
| Total of owners’ equity | 23,712,485,401 | 23,712,485,401 |
| Total of liabilities and owners’ equity | 29,267,345,052 | 29,267,345,052 |
Adjustment statementAccording to the No. 22 Accounting Standards for Business Enterprises, the No. 23 Accounting Standards forBusiness Enterprises, the No. 24 Accounting Standards for Business Enterprises revised and issued by theMinistry of Finance on March 31, 2017, the No. 37 Accounting Standards for Business Enterprises (hereinafterreferred to as the new Financial Instruments Standards) revised and issued by the Ministry of Finance on May 2,2017, and the Notice on Issuance of the Amended 2019 Annual General Financial Statements of the GeneralEnterprises (No. 6 [2019] Cai hui) issued on April 30, 2019, and combined with the Group's business model formanaging financial assets and the contract cash flow characteristics of the financial assets, the investment of thethree companies held shall be adjusted from the accounting of available-for-sale financial assets originallycalculated by cost method to the accounting of financial assets measured by fair value and whose changes areincluded in other comprehensive income, and it shall be presented in the investment of other equity instruments.
2. Note to the retroactive adjustment of the previous comparative data according to the new standards forfinancial instruments and the new standards for lease implemented commencing from year 2019
□ Applicable √ Not applicable
III. Auditor’ reportIs the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.
The Board of Directors of Guangdong Electric Power Development Co., Ltd.
Chairman of the Board: Wang JinOctober 31, 2019