Guangdong Electric Power Development Co. Ltd.April 2019
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. Wang Jin 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 first quarterly report is true and complete.II. Basic information about the company
I. Main financial data and indices
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.□ Yes √ No
This period Same period of last year
Changes of this period over
same period of last year（％）
Operating revenue（Yuan） 5589715802 5812535688 -3.83%
Net profit attributable to the shareholders
of the listed company（Yuan）
109518462 5745879 1806.03%
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of
listed company（Yuan）
109805200 4330364 2435.70%
Net cash generated from /used in operating
activities（Yuan）
1805095658 1540043756 17.21%
Basic earning per share(Yuan/Share) 0.0209 0.0011 1800 %
Diluted gains per share(Yuan/Share) 0.0209 0.0011 1800 %
Weighted average return on equity
（%） 0.34% 0.02% 0.32%
End of this period End of last period
Changes of this period-end
over same period-end of last
year(%)
Total assets（Yuan） 72032603693 73329662306 -1.77%
Net assets attributable to the shareholders
of the listed company（Yuan）
24380493152 24227302288 0.63%
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)
-524607
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business
and granted under the state’s policies)
926644
Other non-operating income and expenditure except for the
aforementioned items
-1496304
Less: Amount of influence of income tax -275893
Influenced amount of minor shareholders’ equity (after tax) -531636
Total -286738 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/items as defined by the information
disclosure 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 Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total number of common
shareholders at the period-end
99561
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% 3538005285 1893342621
China Securities Finance Co. Ltd.
State-owned legal
person
2.84% 148862420
Shenzhen Guangfa Electric Power
Investment Co. Ltd.State-owned legal
person
2.22% 116693602
Guangdong Electric Power
Development Corporation
State-owned legal
person
1.80% 94367341
Li Zhuo
Domestic Natural
person
0.60% 31606103
National Social Security Fund 103
portfolio
Domestic
Non-State owned
legal person
0.44% 22994982
Zheng Jianxiang
Domestic Natural
person
0.43% 22625098
Harbin Hali Industry Co. Ltd.
Domestic
Non-State owned
legal person
0.40% 20942645
CHINA INT'L CAPITAL CORP
HONG KONG SECURITIES LTD
Overseas Legal
person
0.29% 15316066
Harbin Daoli District Charity
Foundation
Domestic
Non-State owned
legal person
0.26% 13722893
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. 1644662664 RMB Common shares 1644662664
China Securities Finance Co. Ltd. 148862420 RMB Common shares 148862420
Shenzhen Guangfa Electric Power
Investment Co. Ltd.
116693602 RMB Common shares 116693602
Guangdong Electric Power
Development Corporation
94367341 RMB Common shares 94367341
Li Zhuo 31606103 RMB Common shares 31606103
National Social Security Fund 103
portfolio
22994982 RMB Common shares 22994982
Zheng Jianxiang 22625098 Foreign shares placed 22625098
in domestic exchange
Harbin Hali Industry Co. Ltd. 20942645 RMB Common shares 20942645
CHINA INT'L CAPITAL CORP
HONG KONG SECURITIES LTD
15316066
Foreign shares placed
in domestic exchange
15316066
Harbin Daoli District Charity
Foundation
13722893 RMB Common shares 13722893
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 holds98780 A shares of the Company through stock
account with credit transaction and guarantee and holds 31507323 A shares through
ordinary stock account hold 31606103 shares of the Company's stock totally;
The Eighth largest shareholder Harbin Hali Industry Co. Ltd. holds 20942645 A shares of
the Company through stock account with credit transaction;
The Tenth largest shareholder Harbin Daoli District Charity Foundation holds72287 A
shares of the Company through stock account with credit transaction and guarantee and
holds 13650606 A shares through ordinary stock account hold 13722893 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
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
In the first quarter of 2019 the electricity consumption of the whole society in Guangdong Province was 128.93
billion kilowatt hours with a year-on-year increase of 3.8% and the growth rate slowed down somewhat. Affected
by the year-on-year growth of 33.6% in XD and 25.7% in Nuclear Power the coal-fired power generation unit in
the province witnessed a sharp year-on-year drop of nearly 22% in on-grid energy and 18.50% in on-grid energy.In the first quarter of 2019 the company completed13.721 billion kilowatt-hours in combined on-grid energy
with a year-on-year decrease of 10.10%; The average on-grid energy price in the consolidated statement was
464.80 yuan/kWh (inclusive of tax the same below) with a year-on-year of 25.47 yuan/kWh; The cost of power
generation fuel was 3400.7693 million yuan with a year-on-year decrease of 513.6758 million yuan and 13.12%.
Affected by the decline in coal prices and the decrease of the profit margin of market electricity the company's
gross profit of power generation increased year on year. In the first quarter of 2019 the net profit attributable to
the shareholders of the parent company reached 109.52 million yuan with a year-on-year increase of 1806.03%.II. The progress of significant events and influence as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
1. With the approval of the seventh meeting of the Ninth Board of Directors of the Company on January 25 2019
the Company adjusts the depreciation period of fixed assets in Shajiao Power Plant A from January 1 2019. Net
profit attributable to the parent company is expected to decrease by about 174 million yuan in 2019 and 49 million
yuan annually from 2020 to 2023 and the owner's equity attributable to the parent company is expected to
decrease by about 174 million yuan in 2019 and 49 million yuan annually from 2020 to 2023.
2. In order to further promote the large-scale development of the company's offshore wind power in Guangdong
Province and the southeast coast the seventh meeting of the ninth Board of Directors of the Company deliberated
on January 25 2019 and agreed that the Company should invest in Zhuhai Jinwan Offshore Wind Power Project
(300000 kilowatts) with a total dynamic investment of 5643.17 million yuan of which 1128.634 million yuan is
capital accounting for 20% of the total dynamic investment of the project.
3. The Company's 2019 daily related party transactions are approved and implemented by the 2019 first
Provisional shareholders' General meeting held on February 21 2019.
4. During the reporting period Mr. Zhou Xi'an the former director of the company ceased to hold the post of
director of the company due to job changes. After the election of the first Provisional shareholders' General
meeting in 2019 held on February 21 2019 Mr. Yan Ming served as a director of the Company.
5. During the reporting period Guangdong Yudean Group Co. Ltd. the controlling shareholder of the Company
changed its name to "Guangdong Energy Group Co. Ltd." on February 18 2019. It does not involve changes in
equity the controlling shareholder and nor does it affect the company's business activities. Neither the controlling
shareholder nor the actual controller of the company has changed.
6. During the reporting period the company bonds - "12 Yudean Bonds" completed the annual interest payment
for 2019 on March 18 2019.
Announcement Date of disclosure Website for disclosure
Announcement of Resolutions of the 7th Meeting
of the Ninth Board of Directors
January 262019 http//www.cninfo.com.cn.
Announcement of the adjustment of depreciation
period of fixed assets in Shajiao A Power plant
January 262019 http//www.cninfo.com.cn.
Estimates announcement of the Daily Related
Party Transactions of2019
January 262019 http//www.cninfo.com.cn.
Announcement on Change of Controlling
Shareholder Name
February 182019 http//www.cninfo.com.cn.
Announcement of Resolutions of the First
provisional shareholders' general meeting of 2019
February 222019 http//www.cninfo.com.cn.
Announcement of Guangdong Electric Power
Development Co. Ltd. Concerning Payment of
Corporate “12 Yudean Bonds” Interest of 2019
March 122019 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 commitments
unfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
No such cases in the reporting period.IV．Prediction of Business performance for January- June 2019
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
Security
category
Security
code
Stock
Abbreviation:
Initial
investment
Mode
of
Book value
balance at
Changes in
fair value of
Cumulative
fair value
Purchas
e
Sale
amount
Gain/loss
of the
Book value
balance at
Account
ing
Source of
the shares
cost accoun
ting
measur
ement
the
beginning of
the reporting
period
the this
period
changes in
equity
amount
in the
this
period
in the
this
period
reporting
period
the end of
the
reporting
period
items
Domestic
and
foreign
stocks
000027
Shenzhen
Energy
15890628
Fair
value
measur
ement
66150000 15624000 65883372 81774000
Other
assets
Own-Funds
Domestic
and
foreign
stocks
600642 Shenergy 235837988
Fair
value
measur
ement
270997380 41093865 76253257 312091245
Other
assets
Own-Funds
Domestic
and
foreign
stocks
831039 NEEQ 3600000
Fair
value
measur
ement
3618000 1512000 1530000 5130000
Other
assets
Own-Funds
Domestic
and
foreign
stocks
002952
Yes
Optoelectroni
cs
7038
Fair
value
measur
ement
0 4109 7038 11147
Transact
ional
financial
assets
Own-Funds
Domestic
and
foreign
stocks
300766
Merit
Interactive
Network
6462
Fair
value
measur
ement
0 7163 6462 13625
Transact
ional
financial
assets
Own-Funds
Total 255342116 -- 340765380 58241137
14366662
9
13500 0 0 399020017 -- --
Disclosure date for the notice of
approval by the Board (If any)
October 312018
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. The registration form of acceptance of investigation communication and interview in the report
period for future reference
√ Applicable □Not applicable
Reception time Way of reception Types of visitors Basic index
February 202019 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 22 February
2019.
VIII. External guarantee get out of line
□ Applicable √Not applicable
No such cases in the reporting period.IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
No such cases in the reporting period.IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Guangdong Electric Power Development Co. Ltd.March 31 2019
In RMB
Items March 312019 December 312018
Current asset：
Monetary fund 4945898685 5574382892
Settlement provision
Outgoing call loan
Transactional financial assets
Financial assets measured at fair value
with variations accounted into current
income account
24772
Derivative financial assets
Notes receivable & account receivable 2565480167 3358331949
Including： Notes receivable
Account receivable 2565480167 3358331949
Prepayments 724215151 906261046
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 232809569 222976826
Including：Interest receivable 22205621 18856570
Dividend receivable
Repurchasing of financial assets
Inventories 1923545977 1481817270
Contract assets
Assets held for sales
Non-current asset due within 1 year 88553
Other current asset 505757909 617853476
Total of current assets 10897820783 12161623459
Non-current assets：
Loans and payment on other’s behalf
disbursed
Debt investment
Available for sale of financial assets 1565806331
Other investment on bonds
Expired investment in possess
Long-term receivable 90346689 89762071
Long term share equity investment 6486651915 6395134754
Other equity instruments investment 1702198436
Other non-current financial assets
Property investment 10454314 10810722
Fixed assets 40960626800 41157594848
Construction in progress 7743182239 7740754343
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1851918885 1863588771
Development expenses 1598931
Goodwill 2449886 2449886
Long-germ expenses to be amortized 21292158 22089179
Deferred income tax asset 463491803 448431684
Other non-current asset 1800570854 1871616258
Total of non-current assets 61134782910 61168038847
Total of assets 72032603693 73329662306
Current liabilities
Short-term loans 6596000000 7526000000
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 & account payable 2995916859 3137761522
Advance receipts 390631 343894
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 206798763 235741179
Tax payable 276836872 397001706
Other account payable 4160534744 4152518495
Including：Interest payable 113293153 59316076
Dividend payable 9703930 9703930
Fees and commissions payable
Reinsurance fee payable
Contract Liabilities
Liabilities held for sales
Non-current liability due within 1 year 2106713038 2779347654
Other current liability 1061680873 1107904110
Total of current liability 17404871780 19336618560
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 19362245623 18802292664
Bond payable 838534277 838326742
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 2265441142 2311513249
Long-term remuneration payable to staff 115599287 122913388
Expected liabilities
Deferred income 132460704 133043646
Deferred income tax liability 123759927 100726841
Other non-current liabilities 116405569 166405569
Total non-current liabilities 22954446529 22475222099
Total of liability 40359318309 41811840659
Owners’ equity
Share capital 5250283986 5250283986
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 5102846886 5102846886
Less：Shares in stock
Other comprehensive income 593682531 550010133
Special reserve
Surplus reserves 7834155143 7834155143
Common risk provision
Retained profit 5599524606 5490006140
Total of owner’s equity belong to the
parent company
24380493152 24227302288
Minority shareholders’ equity 7292792232 7290519359
Total of owners’ equity 31673285384 31517821647
Total of liabilities and owners’ equity 72032603693 73329662306
Legal Representative: Wang Jin Person in charge of accounting：Liu Wei Accounting Dept Leader: Meng Fei
2.Parent Company Balance Sheet
In RMB
Items March 31 2019 December 31 2018
Current asset：
Monetary fund 628153315 385577463
Transactional financial assets
Financial assets measured at fair value
with variations accounted into current
income account
24772
Derivative financial assets
Notes receivable & account receivable 150914726 264537475
Including：Notes receivable
Account receivable 150914726 264537475
Prepayments 45800060 44826500
Other account receivable 74778266 375296228
Including：Interest receivable 2406105 1121522
Dividend receivable 447956
Inventories 169862583 187058140
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 199679 199679
Total of current assets 1069733401 1257495485
Non-current assets：
Debt investment
Available for sale of financial assets 1565806331
Other investment on bonds
Expired investment in possess
Long-term receivable 306460000 306460000
Long term share equity investment 24827909466 24699820321
Other equity instruments investment 1702198436
Other non-current financial assets
Property investment 7502142 7661041
Fixed assets 910525491 978022437
Construction in progress 11971503 9394075
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 86086080 86681362
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset
Other non-current asset 356004000 356004000
Total of non-current assets 28208657118 28009849567
Total of assets 29278390519 29267345052
Current liabilities
Short-term loans 1500000000 1500000000
Transactional financial liabilities
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Notes payable & account payable 137347906 223827319
Advance receipts
Contract Liabilities
Employees’ wage payable 47074276 53346100
Tax payable 23030958 48590195
Other account payable 113289250 98528954
Including：Interest payable 32317102 15787356
Dividend payable 9703930 9703930
Liabilities held for sales
Non-current liability due within 1 year
Other current liability 1105927562 1107904110
Total of current liability 2926669952 3032196678
Non-current liabilities：
Long-term loan 1500000000 1500000000
Bond payable 838534277 838326742
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 3056898 4340898
Long-term remuneration payable to staff 31801833 32170769
Expected liabilities
Deferred income 48362943 48362943
Deferred income tax liability 114021905 99461621
Other non-current liabilities
Total non-current liabilities 2535777856 2522662973
Total of liability 5462447808 5554859651
Owners’ equity
Share capital 5250283986 5250283986
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 5605794601 5605794601
Less：Shares in stock
Other comprehensive income 593682531 550010133
Special reserve
Surplus reserves 7834155143 7834155143
Retained profit 4532026450 4472241538
Total of owners’ equity 23815942711 23712485401
Total of liabilities and owners’ equity 29278390519 29267345052
3.Consolidated Income statement
In RMB
Items Report period Same period of the previous year
I. Income from the key business 5589715802 5812535688
Including：Business income 5589715802 5812535688
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 5448292472 5861825692
Including：Business cost 4937475435 5380318561
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount of withdrawal of insurance contract
reserve
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 41001643 34361198
Sales expense 6295103 4817203
Administrative expense 132305459 133858509
R & D costs 77830 525312
Financial expenses 331137001 307944909
Including：Interest expense 345801584 320957717
Interest income 16268357 14820083
Asset impairment loss
Credit impairment loss
Add：Other income 36893397 2894673
Investment gain（“-”for loss） 91517161 116815302
Including: investment gains from affiliates 91517161 116815302
Gains from currency exchange
Net exposure hedging income
Changing income of fair value 8454
Income on disposal of assets 30809
III. Operational profit（“-”for loss） 269842342 70450780
Add ：Non-operational income 987834 3679083
Less: Non-operating expense 2688294 1189871
IV. Total profit(“-”for loss) 268141882 72939992
Less：Income tax expenses 75526858 9063824
V. Net profit 192615024 63876168
(I) Classification by business continuity
1.Net continuing operating profit 192615024 63876168
2.Termination of operating net profit
(II) Classification by ownership
Net profit attributable to the owners of parent
company
109518462 5745879
Minority shareholders’ equity 83096562 58130289
VI. Net after-tax of other comprehensive income 43672399 -6648919
Net of profit of other comprehensive income attri
butable to owners of the parent company.
43672399 -6648919
（I）Other comprehensive income items that will
not be reclassified into gains/losses in the
subsequent accounting period
43672399
1.Re-measurement of defined benefit plans of ch
anges in net debt or net assets
2.Other comprehensive income under the equity
method investee can not be reclassified into profi
t or loss.
3. Changes in the fair value of investments in
other equity instruments
43672399
4. Changes in the fair value of the company’s
credit risks
5.Other（II）
Other comprehensive income that will be reclassi
fied into profit or loss.
-6648919
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 ava
ilable for sale financial assets
-6648919
4. Other comprehensive income arising from the
reclassification of financial assets
5.Held-to-maturity investments reclassified to ga
ins and losses of available for sale financial asset
s
. Allowance for credit impairments in
investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency financial stat
ements
9.Other
Net of profit of other comprehensive income attri
butable to Minority shareholders’ equity
VII. Total comprehensive income 236287423 57227249
Total comprehensive income attributable to the
owner of the parent company
234920763 -903040
Total comprehensive income attributable
minority shareholders
1366660 58130289
VIII. Earnings per share
（I）Basic earnings per share 0.0209 0.0011
(II)Diluted earnings per share 0.0209 0.0011
The current business combination under common control the net profits of the combined party before achieved ne
t profit of RMB 0.00 last period the combined party realized RMB0.00.Legal Representative: Wang Jin Person in charge of accounting：Liu Wei Accounting Dept Leader: Meng Fei
4. Income statement of the Parent Company
In RMB
Items Report period Same period of the previous year
I. Revenue 393185298 465311491
Including：Business cost 424777175 449858137
Business tax and surcharge 2653793 1821322
Sales expense 350336 437911
Administrative expense 16792181 18828427
R & D costs
Financial expenses 50152227 47457181
Including：Interest expenses 50952925 48844389
Interest income 1394554 1865511
Asset impairment loss
Credit impairment loss
Add：Other income
Investment gain（“-”for loss） 161309228 195076685
Including: investment gains from
affiliates
89089146 114290630
Net exposure hedging income
Changing income of fair value 8454
Income on disposal of assets -32933
II. Operational profit（“-”for loss） 59777267 141952265
Add ：Non-operational income 7642 27610
Less：Non -operational expenses 592734
III. Total profit(“-”for loss) 59784909 141387141
Less：Income tax expenses -12227011
IV. Net profit 59784909 153614152
1.Net continuing operating profit 59784909 153614152
2.Termination of operating net profit
V. Net after-tax of other comprehensive
income
43672399 -6648919
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
43672399
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.
3. Changes in the fair value of
investments in other equity instruments
43672399
4. Changes in the fair value of the
company’s credit risks
5.Other（II）
Other comprehensive income that will b
e reclassified into profit or loss.
-6648919
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2. Changes in the fair value of
investments in other debt obligations
3.
Gains and losses from changes in fair v
alue available for sale financial assets
-6648919
4. Other comprehensive income
arising from the reclassification of
financial assets
5.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
6. Allowance for credit impairments
in investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency fina
ncial statements
9.Other
VI. Total comprehensive income 103457308 146965233
VII. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Cash flow statement
In RMB
Items Report period Same period of the previous year
I. Cash flows from operating activities
Cash received from sales of goods or
rending of services
7198521146 6909344782
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 amount from disposal
financial assets that measured by fair
value and with variation reckoned into
current gains/losses
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 4664390 4180540
Other cash received from business
operation
433730029 102634309
Sub-total of cash inflow 7636915565 7016159631
Cash paid for purchasing of
merchandise and services
4805190930 4669079682
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 in financial assets held
for trading purposes
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 413894277 376566617
Taxes paid 460397105 309033731
Other cash paid for business activities 152337595 121435845
Sub-total of cash outflow from
business activities
5831819907 5476115875
Net cash generated from /used in
operating activities
1805095658 1540043756
II. Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 121345
Net cash retrieved from disposal of
fixed assets intangible assets and
other long-term assets
592258 10100
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
713603 10100
Cash paid for construction of fixed
assets intangible assets and other
long-term assets
745025118 657061177
Cash paid as investment 78692039
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
823717157 657061177
Net cash flow generated by investment -823003554 -657051077
III.Cash flow generated by financing
Cash received as investment 4000000
Including: Cash received as investment
from minor shareholders
4000000
Cash received as loans 2526712472 2446395253
Cash received from bond placing
Other financing –related cash received
Sub-total of cash inflow from financing
activities
2526712472 2450395253
Cash to repay debts 3704558354 3279948065
Cash paid as dividend profit or 432017527 462961076
interests
Including: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 712667 137119426
Sub-total of cash outflow due to
financing activities
4137288548 3880028567
Net cash flow generated by financing -1610576076 -1429633314
IV. Influence of exchange rate
alternation on cash and cash
equivalents
-237 -446
V.Net increase of cash and cash
equivalents
-628484209 -546641081
Add: balance of cash and cash
equivalents at the beginning of term
5570382893 4996580490
VI ..Balance of cash and cash
equivalents at the end of term
4941898684 4449939409
6. Cash Flow Statement of the Parent Company
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
560862026 543833558
Tax returned
Other cash received from business
operation
9331847 16238994
Sub-total of cash inflow 570193873 560072552
Cash paid for purchasing of
merchandise and services
430841917 557730970
Cash paid to staffs or paid for staffs 73493740 72942857
Taxes paid 26279908 17395705
Other cash paid for business activities 7758990 21649266
Sub-total of cash outflow from
business activities
538374555 669718798
Net cash generated from /used in
operating activities
31819318 -109646246
II. Cash flow generated by investing
Cash received from investment
retrieving
300000000 187920000
Cash received as investment gains 71804024 85567058
Net cash retrieved from disposal of
fixed assets intangible assets and
other long-term assets
589130 10100
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
372393154 273497158
Cash paid for construction of fixed
assets intangible assets and other
long-term assets
7473223 29854267
Cash paid as investment 117379238
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
investment activities
124852461 29854267
Net cash flow generated by investment 247540693 243642891
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 899700000 1930000000
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from
financing activities
899700000 1930000000
Cash to repay debts 900000000 2159693500
Cash paid as dividend profit or
interests
36399727 90010272
Other cash paid for financing activities 84195 310954
Sub-total of cash outflow due to
financing activities
936483922 2250014726
Net cash flow generated by financing -36783922 -320014726
IV. Influence of exchange rate
alternation on cash and cash
equivalents
-237 -446
V.Net increase of cash and cash
equivalents
242575852 -186018527
Add: balance of cash and cash
equivalents at the beginning of term
385577464 429724538
VI ..Balance of cash and cash
equivalents at the end of term
628153316 243706011
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of any New
Standards Governing Financial Instruments Revenue or Leases
√ Applicable □ Not applicable
Consolidated balance sheet
In RMB
Items December 31 2018 January 1 2019 Adjustment
Current asset：
Monetary fund 5574382892 5574382892
Notes receivable & account
receivable
3358331949 3358331949
Account receivable 3358331949 3358331949
Prepayments 906261046 906261046
Other account receivable 222976826 222976826
Including：Interest receivable 18856570 18856570
Inventories 1481817270 1481817270
Other current assets 617853476 617853476
Total of current assets 12161623459 12161623459
Non-current assets：
Available-for-sale financial
assets
1565806331 Not applicable -1565806331
Long-term receivable 89762071 89762071
Long term share equity
investment
6395134754 6395134754
Other equity instruments
investment
Not applicable 1565806331 1565806331
Property investment 10810722 10810722
Fixed assets 41157594848 41157594848
Construction in progress 7740754343 7740754343
Intangible assets 1863588771 1863588771
Goodwill 2449886 2449886
Long-germ expenses to be
amortized
22089179 22089179
Deferred tax assets 448431684 448431684
Other non-current asset 1871616258 1871616258
Total of non-current assets 61168038847 61168038847
Total of assets 73329662306 73329662306
Current liabilities
Short-term loans 7526000000 7526000000
Notes payable & account
payable
3137761522 3137761522
Advance payment 343894 343894
Employees’ wage payable 235741179 235741179
Tax payable 397001706 397001706
Other account payable 4152518495 4152518495
Including：Interest payable 59316076 59316076
Dividend payable 9703930 9703930
Non-current liability due
within 1 year
2779347654 2779347654
Other current liability 1107904110 1107904110
Total of current liability 19336618560 19336618560
Non-current liabilities：
Long-term loan 18802292664 18802292664
Bond payable 838326742 838326742
Long-term payable 2311513249 2311513249
Deferred income 133043646 133043646
Deferred income tax liability 100726841 100726841
Other non-current liability 166405569 166405569
Total non-current liabilities 22475222099 22475222099
Total of liability 41811840659 41811840659
Owners’ equity
Share capital 5250283986 5250283986
Capital reserves 5102846886 5102846886
Other comprehensive income 550010133 550010133
Surplus reserves 7834155143 7834155143
Retained profit 5490006140 5490006140
Total of owner’s equity belong to
the parent company
24227302288 24227302288
Minority shareholders’ equity 7290519359 7290519359
Total of owners’ equity 31517821647 31517821647
Total of liabilities and owners’
equity
73329662306 73329662306
Adjustment statement
According to the relevant requirements of the Ministry of Finance's new financial instruments standards domestic
listed enterprises will implement the accounting standards related to new financial instruments as of January 1
2019 so the Company will adjust the "available-for-sale financial assets" to the "investment in other equity
instruments" account at the beginning of this year.Parent Company Balance Sheet
In RMB
Items December 31 2018 January 1 2019 Adjustment
Current asset：
Monetary fund 385577463 385577463
Notes receivable &
account receivable
264537475 264537475
Account receivable 264537475 264537475
Prepayments 44826500 44826500
Other account receivable 375296228 375296228
Including：Interest
receivable
1121522 1121522
Dividend receivable 447956 447956
Inventories 187058140 187058140
Other current assets 199679 199679
Total of current assets 1257495485 1257495485
Non-current assets：
Available-for-sale
financial assets
1565806331 Not applicable -1565806331
Long term receivable 306460000 306460000
Long term share equity
investment
24699820321 24699820321
Other equity instruments
investment
Not applicable 1565806331 1565806331
Property investment 7661041 7661041
Fixed assets 978022437 978022437
Construction in progress 9394075 9394075
Intangible assets 86681362 86681362
Other non-current asset 356004000 356004000
Total of non-current assets 28009849567 28009849567
Total of assets 29267345052 29267345052
Current liabilities
Short-term loans 1500000000 1500000000
Notes payable & Account
payable
223827319 223827319
Employees’ wage payable 53346100 53346100
Tax payable 48590195 48590195
Other account payable 98528954 98528954
Including：Interest payable 15787356 15787356
Dividend payable 9703930 9703930
Other current liability 1107904110 1107904110
Total of current liability 3032196678 3032196678
Non-current liabilities：
Long-term loan 1500000000 1500000000
Bond payable 838326742 838326742
Long-term payable 4340898 4340898
Deferred income 48362943 48362943
Deferred income tax
liability
99461621 99461621
Total of Non-current
liabilities
2522662973 2522662973
Total of liability 5554859651 5554859651
Owners’ equity
Share capital 5250283986 5250283986
Capital reserves 5605794601 5605794601
Other comprehensive
income
550010133 550010133
Surplus reserves 7834155143 7834155143
Retained profit 4472241538 4472241538
Total of owners’ equity 23712485401 23712485401
Total of liabilities and
owners’ equity
29267345052 29267345052
Adjustment statement
According to the relevant requirements of the Ministry of Finance's new financial instruments standards domestic
listed enterprises will implement the accounting standards related to new financial instruments as of January 1
2019 so the Company will adjust the "available-for-sale financial assets" to the "investment in other equity
instruments" account at the beginning of this year.
2. Retrospective Restatement of Previous Comparative Data due to the First Execution of any New
Standards Governing Financial Instruments or Leases
□ Applicable √ Not applicable
III. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
The First Quarterly report is not audited.The Board of Directors of Guangdong Electric Power Development Co. Ltd.
Chairman of the Board: Wang Jin
April 30 2019
沪公网安备31011802005267号
