Stock code: 000539200539 Stock Abbreviation: Yue Dian Li A Yue Dian Li B

Announcement No.: 2021-58

Corporate bond code: 149113 Abbreviation of corporate bond:20 Yudean 01

Corporate bond code: 149369 Abbreviation of corporate bond:21 Yudean 01

Corporate bond code: 149418 Abbreviation of corporate bond:21 Yudean 02

Guangdong Electric power Development Co. Ltd.Summary of the Semi-Annual Report 2021

I. Important notes

The summary is abstract from full-text of the semi-annual report for more details information investors should

found in the full-text of the semi-annual report that published on website of Shenzhen Stock Exchange and other

website appointed by CSRC.Directors other than the following ones have attended the Board meeting to review the Semi-annual report.Name of absent director Position of absent director Reason Name of proxy

Mao Qinghan Director Due to business Wang Xi

Shen Hongtao Independent director Due to business Wang Xi

Li Fangje Director Due to business Li Baobing

Non-standard auditor’s opinion

□ Applicable √Not applicable

Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the share

capital for the reporting period which has been reviewed and approved at the board meeting

□ Applicable √Not applicable

The company will distribute no cash dividends or bonus shares and has no reserve capitalization plan.The preference share profit distribution pre-plan approved by the Board of Directors

□ Applicable √Not applicable

II. Basic information about the company

1. Company profile

Stock abbreviation Yue Dian Li A Yue Dian Li B Stock code 000539200539

Stock exchange for listing Shenzhen Stock Exchange

Contact person and contact manner Board secretary Securities affairs Representative

Name Liu Wei Qin Xiao

35/F South Tower Yudean Plaza No.2 36/F South Tower Yudean Plaza No.2

Address Tianhe Road East GuangzhouGuangdong Tianhe Road East GuangzhouGuangdong

Province Province

Tel (020)87570251 (020)87570251

E-mail liuw@ged.com.cn qinxiao@ged.com.cn

2. Major accounting data and financial indicators

May the Company make retroactive adjustment or restatement of the accounting data of the previous years

□ Yes√ No

Same period of last

Reporting period YoY+/-（%）

year

Operating income（RMB） 17781521221 12539917823 41.80%

Net profit attributable to the shareholders

109028853 813684495 -86.60%

of the listed company（RMB）

Net profit after deducting of

non-recurring gain/loss attributable to

90377204 784542709 -88.48%

the shareholders of listed company（RMB）

Cash flow generated by business

3096857643 4018221897 -22.93%

operation net（RMB）

Basic earning per share(RMB/Share) 0.0208 0.1550 -86.60%

Diluted gains per

0.0208 0.1550 -86.60%

share(RMB/Share)(RMB/Share)

Weighted average ROE(%) 0.40% 3.03% -2.63%

As at the end of the As at the end of last

YoY+/-（%）

reporting period year

Gross assets (RMB) 92331563629 85970818168 7.40%

Net assets attributable to shareholders of

26933339749 27369995422 -1.60%

the listed company （RMB）

3. Shareholders and shareholding

In shares

Number of shareholders of

Total Number of common

preferred stocks of which voting

shareholders at the end of 90117 0

rights recovered in the report

the reporting period

period(If any)

Shareholdings of Top 10 shareholders

Number or share

Amount of

Shareholders Proportion Number of pledged/frozen Nature of

of shares shares held at

shareholder restricted shares

held（%） period -end AmounState of share

held t

State-owned legal

Guangdong Energy Group Co. Ltd. 67.39% 3538005285 1893342621

person

Guangzhou Development Group State-owned legal

2.22% 116693602

Co. Ltd. person

State-owned legal

China Securities Finance Co. Ltd. 1.93% 101323877

person

Guangdong Electric Power State-owned legal

1.80% 94367341

Development Corporation person

Domestic Natural

Li Zhuo 1.32% 69463211

person

Domestic Natural

Zheng Jianxiang 0.48% 25128874

person

Domestic

Harbin Hali Industry Co. Ltd. Non-State owned 0.48% 25030385

legal person

VANGUARD TOTAL

Overseas Legal

INTERNATIONAL STOCK 0.30% 15855512

person

INDEX FUND

CHINA INT'L CAPITAL CORP Overseas Legal

0.29% 15216066

HONG KONG SECURITIES LTD person

Harbin Daoli District Charity Domestic 0.26% 13659108

Foundation Non-State owned

legal person

The fourth largest shareholder Guangdong Electric Power Development

Explanation on associated relationship among the Corporation is the wholly-owned subsidiaries of the largest shareholder

aforesaid shareholders Energy Group. These two companies have relationships; whether the other

shareholders have relationships or unanimous acting was unknown

The Fifth largest shareholder Li Zhuo holds 1307620 A shares of the

Company through A shares ordinary stock account and holds68155591A

shares of the Company through stock account with credit transaction and

guarantee. hold 69463211 shares of the Company's stock totally.Explanation on shareholders participating in the margin

The Seventh largest shareholder Harbin Hali Industry Co. Ltd. holds300 A

trading business(if any )

shares of the Company through A shares ordinary stock account and

holds25030085A shares of the Company through stock account with

credit transaction and guarantee hold 25030385 shares of the Company's

stock totally.4. Change of the controlling shareholder or the actual controller

Change of the controlling shareholder in the reporting period

□ Applicable √ Not Applicable

There was no any change of the controlling shareholder of the Company in the reporting period.Change of the actual controller in the reporting period

□ Applicable √ Not applicable

There was no any change of the actual controller of the Company in the reporting period.5.Number of preference shareholders and shareholdings of top 10 of them

□ Applicable √ Not applicable

No preference shareholders in the reporting period

6. Corporate bonds that existed on the date when this Report was authorized for issue

√Applicable□ Not applicable

（1）Basic information of corporate bonds

Bond

balance

Bond short

Bond name Bond code Issue day Due day (Ten Interest rate

name

thousand

yuan )

Public Issuance of Corporate Bonds to

Qualified Investors in 2020 (Phase I) of 20 Yudean

149113.SZ April 292020 April 292025 150000 2.45%

Guandong Electric Power Development 01

Co.Ltd.Public Issuance of Corporate Bonds to

Qualified Investors in 2021 (Phase I) of 21 Yudean January

149369.SZ January 272021 100000 3.57%

Guandong Electric Power Development 01 272024

Co.Ltd.Public Issuance of Corporate Bonds to

Qualified Investors in 2021 (Phase II) of 21Yudean

149418.SZ April 282021 April 282026 150000 3.50%

Guandong Electric Power Development 02

Co.Ltd.Public Issuance of Corporate Bonds to

Qualified Investors in 2021 (Phase I) of 21 Pinghai

188197.SH June 42021 June 42023 20000 3.57%

Guangdong Pinghai Power Generation 01

Plant Co. Ltd.Guangdong Provincial Expressway Deve 21 Yeduan

lopment Co. Ltd.2021 first phase Ultra FA SCP 012100376 January 262021 July 232021 80000 2.65%

-short term financing bills 001

Guangdong Provincial Expressway Deve 18 Yeduan

August 2720

lopment Co. Ltd. 2018 first phase mediu FA MT 101800948 August 272018 80000 4.19%21

m-term notes N001

（2）Main accounting data and financial indicators of the Company in recent two years by the end of the

reporting period

In RMB 10000

Items At the end of the reporting period At the end of last year

Debt ratio 62.05% 56.62%

Items At the end of the reporting period At the end of last year

EBITDATime interest earned ratio 3.85 5.62

III. Significant events

In the first half of 2021 the domestic macro-economy has been operated steadily and improved and the industrial

electricity demand has been picked up rapidly. The electricity consumption of the whole society in Guangdong

Province was 364.339 billion kWh a sharp increase of 22.89% YOY. From January to June 2021 the Company

completed 44.757 billion kilowatt-hours of on-grid electricity an increase of 43.07% YOY. The average

utilization hours of the holding coal-fired units by the Company were 2371 hours an increase of 607 hours YOY.In 2021 the scale of market-oriented transactions in Guangdong Province will continue to expand. According to

the data released by the Guangdong Power Exchange Center the annual bilateral negotiated transaction volume

organized by it is 215.11 billion kWh with an average price difference of -0.0536 RMB/kWh. In the first half of

2021 the monthly centralized bidding transaction electricity volume in Guangdong Province was 36.89 billion

kWh an increase of 274.9% YOY and the average clearing price difference was -0.0304RMB/kWh. In 2021 the

Company’s budgetary on-grid power is 78.469 billion kWh of which the base power is 7.716 billion

kWh-accounting for about 10%; the contracted annual long-term agreement power is 51.070 billion

kWh-accounting for about 65%; the remaining part is monthly bidding and power generation rights transferred

and spot electricity-accounting for about 25%. In the first half of 2021 the average price of electricity sold by the

consolidated statement was 440.05 yuan/K kWh (tax included the same below) a YOY decrease of 2.41 yuan/K

KWh.In the first half of 2021 benefiting from the gradual recovery of the domestic macro-economy and the increase in

total social electricity demand the Company's on-grid electricity increased by 43% YOY in the first half of the

year. However due to the increase in bulk commodity prices the cost of coal and gas power generation fuels

increased significantly YOY plus the influence of factors such as the lowering of the benchmark on-grid price of

natural gas the increase in market transaction electricity and the power spot trial operation the gross profit margin

of the main business fell by 13.64% YOY and the semi-annual performance fell YOY. As of June 30 2021 the

total assets in the Company's consolidated statements are 92.331 billion yuan an increase of 7.40% from the

beginning of the year; the equity attributable to shareholders of the parent company is 26.933 billion yuan a YOY

decrease of 1.60%. The Company achieved the operating income of 17.781 billion yuan in the consolidated

statement a YOY increase of 41.80%; the net profit attributable to shareholders of the parent company was 109

million yuan a YOY decrease of 86.60%; the earnings per share were 0.0208 yuan (0.155 yuan in the same period

last year). The total liabilities in the Company's consolidated statements amounted to 57.291 billion yuan and the

asset-liability ratio was 62.05%.In the first half of 2021 Guangdong Wind Power Co. Ltd-a wholly-owned subsidiary of the Company-completed

the acquisition of Xuwen Wutushan Wind Farm 49500 kilowatts and Xuwen Dengjiaolou Wind Farm 49500

kilowatts completed and put into production of Pingyuan Maoping Project 48000 kilowatts (passed 240h

operation) thus increased a total of 147000 kilowatts of newly installed capacity. As of June 30 2021 the

Company has a controllable installed capacity of 23.473 million kilowatts a YOY increase of 10.76% of which

the proportion of clean energy increased to 21.2%. In the future the Company will also adhere to the new

development concept implement the "1+2+3+X" strategy continue to promote the optimization and adjustment of

the power supply structure and actively integrate into the Guangdong-Hong Kong-Macao Greater Bay Area the

Shenzhen Pilot Demonstration Zone and Guangdong's "One Core One Belt One District" Development actively

respond to our country’s carbon peak and carbon neutral "30·60" goal and vigorously promote the Company's

clean and low-carbon energy transformation.