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

Announcement No.:2026-63

Corporate bond code: 149711 Abbreviation of corporate bond: 21 Yudean 03

Guangdong Electric Power Development Co. Ltd.The Company and its directors hereby guarantee that the content of information disclosure is real

accurate complete and free from any false record misleading representation or material omissions.Important content reminder:

1. The Directors and the Board of Directors and Senior Management of the Company guarantee that there are

no significant omissions fictitious or misleading statements carried in the Report and we will accept individual

and joint responsibilities for the truthfulness accuracy and completeness of the Report.

2. The Company leader Chief financial officer the person in charge of the accounting department (the person

in charge of the accounting )hereby confirm the authenticity and completeness of the financial report enclosed

in this report.

3. Whether the Third Quarterly Financial Report has been audited or not

□Yes √No

I. Main financial data

(I) Main accounting data and financial indexes

Whether it has retroactive adjustment or re-statement on previous accounting data or not

□Yes √No

Changes of this

Year-begin to period- Changes of this

period over same period over same

This period end

period of last year period of last year

Before adjustment

（％） （％）

Operating revenue

Yuan 16519091359 13.33% 42852176983 13.61%（ ）

Net profit attributable to the

shareholders of the listed -1009860040 -283.12% -1555641446 -366.41%

company（Yuan）

Net profit after deducting of

non-recurring gain/loss

attributable to the -1011083999 -289.97% -1652316513 -423.75%

shareholders of listed

company（Yuan）

Net cash generated from

/used in operating activities — — 8499973855 25.19%（Yuan）

Basic earning per

share(Yuan/Share) -0.1923 -283.12% -0.2963 -366.41%

Diluted gains per

share(Yuan/Share) -0.1923 -283.12% -0.2963 -366.41%

Weighted average return on

equity % -4.54% -6.92% -6.88% -9.40%（ ）

Increase/decrease at the period-end compared

End of this period End of last period

with the end of the previous year

Gross assets（Yuan） 187319523697 186034251274 0.69%

Net assets attributable to

the shareholders of the 21775425329 23444357218 -7.12%

listed company（Yuan）

（II)Items and amount of non-current gains and losses√ Applicable □ Not applicable

In RMB

Item This period Amount from year-beginto period -end Notes

Mainly due to the income from the

Non-current asset disposal disposal of ash silos and land of the

gain/loss(including the write- Red Bay Power plant as well as

off part for which assets -6666651 6602580 the gains and losses from the

impairment provision is disposal of equipment at Jinghai

made) Bohe Yuehua and other power

plants.Government subsidy

Mainly due to various government

recognized in current gain and

subsidies for energy saving and

loss(excluding those closely

8527130 15381728 carbon reduction technological

related to the Company’s

transformation etc. cumulatively

business and granted under

received by the main subsidiaries.the state’s policies)

Capital occupation charges on 0 4789368 It is primarily the interest income

non-financial enterprises that from the recovery of equity

are recorded into current acquisition deposits by Guangdong

gains and losses Wind Power Company.It is primarily the typhoon

insurance compensation received

Other non-business income

by Yangjiang Wind Power and the

and expenditures other than 3576141 173432745

project assessment compensation

the above

paid by the EPC contractor to

Zhuhai Wind Power.Less: Amount of influence of

income tax 1895463 50587913

Influenced amount of minor

shareholders’ equity (after 2317198 52943441

tax)

Total 1223959 96675067 --

Details of other profit and loss items that meet the non-recurring profit and loss definition

□ Applicable√ Not applicable

For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on

information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses

and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information

disclosure for Companies offering their securities to the public-non-recurring Gains and losses which have been

defined as recurring gains and losses it is necessary to explain the reason.√ Applicable □ Not applicable

Item Amount involved(Yuan) Reason

Value-added tax will be refunded

immediately 9387399

Comply with national policies and

regulations and continue to occur.Carbon emission quota used to fulfill the -144329242 Comply with national policies andemission reduction obligation regulations and continue to occur.(III) Particulars about changes in items of main accounting data and financial index and explanations of

reasons

√ Applicable □Not applicable

In the first three quarters of 2026 driven by the commissioning of new coal-fired power projects and improved

power generation efficiency of existing units the Company’s on-grid electricity volume rose by 22% YOY.Nevertheless due to the rising fuel market prices the Company's average price of standard coal increased by

14% YOY and the comprehensive gas price climbed by 10% YOY significantly increasing cost pressure.

Coupled with the continuous decline in the comprehensive on-grid electricity price the thermal power business

recorded substantial losses. As for the new energy business the utilization hours of wind power and

photovoltaic power generation edged up YOY. However constrained by lower average wind speeds in some

coastal areas within the province and severe power curtailment in certain regions outside the province the

utilization hours still fell short of expectations. The gross profit margin of the Company’s power generation

business was further squeezed. The Company recorded a net profit attributable to shareholders of the listed

company of -1.556 billion yuan in aggregate for the first three quarters representing a sharp YOY decline.II. Shareholders Information

(I) Total number of common shareholders and preference shareholders with voting rights recovered and

top ten common shareholders

In shares

Total number of common shareholders at

169149 Total preference shareholders with the voting power

the period-end recovered at the end of the reporting period(if any)

0Shares held by the top 10 shareholders（Excluding shares lent through refinancing)Amount of Pledging or freezing

Share tradable shares

Shareholder name Properties ofshareholder proportio Quantity with Status of then % Conditional shares Quantity

held

Guangdong Energy State-owned

Group Co. Ltd. legal person 65.74% 3451556619 1893342621 Pledge 902262089

Guangdong Electric

Power Development State-owned

Corporation legal person

1.80% 94367341 0 Not applicable 0

Guangzhou

Development Group State-owned 1.36% 71151542 0 Not applicable 0

Co. Ltd. legal person

Zheng Jianxiang DomesticNatural person 0.52% 27158800 0 Not applicable 0

HKSCC OverseasLegal person 0.38% 19953137 0 Not applicable 0

CHINA

INTERNATIONAL

CAPITAL Overseas

CORPORATION Legal person

0.29% 15216066 0 Not applicable 0

HONG KONG

SECURITIES LTD

VANGUARD TOTAL

INTERNATIONAL Overseas

Legal person 0.28% 14620512 0 Not applicable 0STOCK INDEX

FUND

NOMURA

SINGAPORE OverseasLegal person 0.24% 12599843 0 Not applicable 0

LIMITED

Chaokang Investment Overseas 0.22% 11656677 0 Not applicable 0

Co. Ltd. Legal person

Zhou Zheng DomesticNatural person 0.21% 10812795 0 Not applicable 0

Shareholding of top 10 shareholders of unrestricted shares(Excluding shares lent through refinancing and Top management lock-

in stock)

Quantity of unrestricted Share type

Name of the shareholder shares held at the end of the

reporting period Share type Quantity

Guangdong Energy Group Co. Ltd. 1558213998 RMB Common shares 1558213998

Guangdong Electric Power Development

Corporation 94367341 RMB Common shares 94367341

Guangzhou Development Group Co. Ltd. 71151542 RMB Common shares 71151542

Zheng Jianxiang Foreign shares placed in27158800 27158800

domestic exchange

HKSCC 19953137 RMB Common shares 19953137

CHINA INTERNATIONAL CAPITAL

Foreign shares placed in

CORPORATION HONG KONG 15216066 15216066

domestic exchange

SECURITIES LTD

VANGUARD TOTAL INTERNATIONAL Foreign shares placed in

14620512 14620512

STOCK INDEX FUND domestic exchange

Foreign shares placed in

NOMURA SINGAPORE LIMITED 12599843 12599843

domestic exchange

Foreign shares placed in

Chaokang Investment Co. Ltd. 11656677 11656677

domestic exchange

Zhou Zheng Foreign shares placed in10812795 10812795

domestic exchange

The Second largest shareholder Guangdong Electric Power Development

Corporation and the Ninth largest shareholder Chaokang Investment Co. Ltd. are

Related or acting-in-concert parties among

shareholders above the wholly-owned subsidiaries of the largest shareholder Energy Group. These

three companies have relationships; whether the other shareholders have

relationships or unanimous acting was unknown.Participation of top 10 unconditional

common share shareholders in securities None

margin trading (if any)

Information of shareholders holding more than 5% of the shares the top 10 shareholders and the top 10

shareholders of unrestricted tradable shares participating in the lending of shares in securities lending and

borrowing business

□ Applicable √ Not applicable

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared

with the previous period due to the securities lending/returning

□ Applicable √ Not applicable

(II)Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end

of the report period

□ Applicable √Not applicable

III. Other important matters

□ Applicable √Not applicable

IV. Quarterly financial statements

（i）Financial statement

1. Consolidated balance sheet

Prepared by: Guangdong Electric Power Development Co. Ltd.September 302026

In RMB

Item Ending balance Opening balance

Current assets:

Monetary fund 16124129960 14839620180

Settlement provisions 0 0

Capital lent 0 0

Trading financial assets 0 0

Derivative financial assets 0 0

Note receivable 44676 0

Account receivable 9997588479 9583184905

Receivable financing 0 0

Account paid in advance 2446834400 974124953

Insurance receivable 0 0

Reinsurance receivables 0 0

Contract reserve of reinsurance

receivable 0 0

Other account receivable 459957559 527513970

Including: Interest receivable 0 0

Dividend receivable 0 0

Buying back the sale of financial assets 0 0

Inventory 3063461855 2293819795

Including: Data resources 0 0

Contract assets 446639 899846

Assets held for sale 0 0

Non-current asset due within one year 8826 0

Other current assets 2263519618 2428213159

Total current assets 34355992012 30647376808

Non-current assets:

Loans and payments on behalf 0 0

Creditor's rights investment 0 0

Other Creditor's rights investment 0 0

Long-term account receivable 0 0

Long-term equity investment 11903849216 11543456219

Investment in other equity instrument 2891942957 3009689888

Other non-current financial assets 0 0

Investment real estate 317483662 323777484

Fixed assets 100669056130 85896557515

Construction in progress 15613869649 31582478170

Productive biological asset 0 0

Oil and gas asset 0 0

Right-of-use assets 10455697611 11196458460

Intangible assets 3574847134 3699548596

Including：Data resources 0 0

Expense on research and development 0 0

Including：Data resources 0 0

Goodwill 2449886 2449886

Long-term expenses to be apportioned 94561287 62228755

Deferred income tax asset 1027815783 959061443

Other non-current assets 6411958370 7111168050

Total non-current asset 152963531685 155386874466

Total assets 187319523697 186034251274

Current liabilities:

Short-term loans 11400681097 9741011157

Loan from central bank 0 0

Capital borrowed 0 0

Trading financial liability 0 0

Derivative financial liability 0 0

Note payable 2911640936 1519972657

Account payable 7260774771 4294766903

Accounts received in advance 64712097 67892003

Contract liabilities 151873534 77103302

Selling financial asset of repurchase 0 0

Absorbing deposit and interbank deposit 0 0

Security trading of agency 0 0

Security sales of agency 0 0

Wage payable 1022890386 592492474

Taxes payable 215528450 311343314

Other account payable 17494663640 18806427609

Including: Interest payable 0 0

Dividend payable 0 0

Commission charge and commission

payable 0 0

Reinsurance payable 0 0

Liability held for sale 0 0

Non-current liabilities due within one

year 9615651137 9886200377

Other current liabilities 639094701 520439919

Total current liabilities 50777510749 45817649715

Non-current liabilities:

Insurance contract reserve 0 0

Long-term loans 68734113476 71609414544

Bonds payable 12084521449 12382296595

Including: Preferred stock 0 0

Perpetual capital securities 0 0

Lease liability 12176786654 12394114636

Long-term account payable 1015544748 1109330338

Long-term wages payable 546720097 592113141

Accrual liability 0 0

Deferred income 309403361 141794312

Deferred income tax liabilities 533606278 523854149

Other non-current liabilities 1028167 1028167

Total non-current liabilities 95401724230 98753945882

Total liabilities 146179234979 144571595597

Owner’s equity:

Share capital 5250283986 5250283986

Other equity instrument 0 0

Including: Preferred stock 0 0

Perpetual capital securities 0 0

Capital public reserve 5039493779 5028330125

Less: Treasury shares 0 0

Other comprehensive income 1444555002 1533837247

Special reserve 160300861 90467033

Surplus public reserve 8903515135 8903515135

Provision of general risk 0 0

Retained profit 977276566 2637923692

Total owner’ s equity attributable to

parent company 21775425329 23444357218

Minority interests 19364863389 18018298459

Total owner’s equity 41140288718 41462655677

Total liabilities and owner’ s equity 187319523697 186034251274

Legal Representative: Zheng Yunpeng Person in charge of accounting：Liu Wei Accounting Dept Leader: Meng Fei

2. Consolidated Income statement between the beginning of the year and end of the report period

In RMB

Item Current period Last period

I. Income from the key business 42852176983 37717258717

Incl：Business income 42852176983 37717258717

Interest income 0 0

Insurance fee earned 0 0

Fee and commission received 0 0

II. Total business cost 45456274625 36997304394

Incl：Business cost 41973692772 33385128366

Interest expense 0 0

Fee and commission paid 0 0

Insurance discharge payment 0 0

Net claim amount paid 0 0

Net amount of withdrawal of insurance

contract reserve 0 0

Insurance policy dividend paid 0 0

Reinsurance expenses 0 0

Business tax and surcharge 282659633 231769433

Sales expense 67670240 67110133

Administrative expense 995833412 1025814631

R & D costs 387101145 630514773

Financial expenses 1749317423 1656967058

Including：Interest expense 1798409003 1704401469

Interest income 57720876 66320350

Add: Other income 24769127 32396036

Investment gain（“-”for loss） 698021397 610635365

Incl: investment gains from affiliates 563680634 494479770

Financial assets measured at amortized

cost cease to be recognized as income 0 0

Gains from currency exchange 0 0

Net exposure hedging income 0 0

Changing income of fair value 0 0

Credit impairment loss -7015016 -8343087

Impairment loss of assets 16133 -79027375

Assets disposal income 25316299 16568351

III. Operational profit（“-”for loss） -1862989702 1292183613

Add：Non-operational income 218611824 149816669

Less: Non-operating expense 203432673 179954175

IV. Total profit(“-”for loss) -1847810551 1262046107

Less：Income tax expenses 86631295 390555128

V. Net profit -1934441846 871490979

(I) Classification by business continuity

1.Net continuing operating profit -1934441846 871490979

2.Termination of operating net profit 0 0

(II) Classification by ownership

1.Net profit attributable to the owners of

parent company -1555641446 583935959

2.Minority shareholders’ equity -378800400 287555020

VI. Net after-tax of other comprehensive

income -89282245 129784625

Net of profit of other comprehensive inc

ome attributable to owners of the parent -89282245 129798575

company.（I）Other comprehensive income items

that will not be reclassified into

gains/losses in the subsequent accounting -88310198 130164476

period

1.Re-

measurement of defined benefit plans of 0 -139501

changes in net debt or net assets

2.Other comprehensive income under the

equity method investee can not be reclas 0 -38192821

sified into profit or loss.

3. Changes in the fair value of

investments in other equity instruments -88310198 168496798

4. Changes in the fair value of the

company’s credit risks 0 0

5.Other 0 0（II）

Other comprehensive income that will be -972047 -365901

reclassified into profit or loss.

1.Other comprehensive income under the

equity method investee can be reclassifi -972047 -365901

ed into profit or loss.

2. Changes in the fair value of

investments in other debt obligations 0 0

3. Other comprehensive income arising

from the reclassification of financial 0 0

assets

4.Allowance for credit impairments in

investments in other debt obligations 0 0

5. Reserve for cash flow hedges 0 0

6.Translation differences in currency fina

ncial statements 0 0

7.Other 0 0

Net of profit of other comprehensive inc

ome attributable to Minority 0 -13950

shareholders’ equity

VII. Total comprehensive income -2023724091 1001275604

Total comprehensive income attributable

to the owner of the parent company -1644923691 713734534

Total comprehensive income

attributable minority shareholders -378800400 287541070

VIII. Earnings per share

（I）Basic earnings per share -0.2963 0.1112

(II)Diluted earnings per share -0.2963 0.1112

The current business combination under common control the net profits of the combined party before achieved

net profit of RMB 0.00 last period the combined party realized RMB0.00.Legal Representative: Zheng Yunpeng Person in charge of accounting：Liu Wei Accounting Dept Leader: Meng Fei

3. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period

In RMB

Item Current period Last period

I. Cash flows from operating activities

Cash received from sales of goods or

rending of services 50220878570 42308011989

Net increase of customer deposits and

capital kept for brother company 0 0

Net increase of loans from central bank 0 0

Net increase of inter-bank loans from

other financial bodies 0 0

Cash received against original insurance

contract 0 0

Net cash received from reinsurance

business 0 0

Net increase of client deposit and

investment 0 0

Cash received from interest

commission charge and commission 0 0

Net increase of inter-bank fund received 0 0

Net increase of repurchasing business 0 0

Net cash received by agent in

securities trading 0 0

Tax returned 133492113 341201654

Other cash received from business

operation 620432754 688225173

Sub-total of cash inflow 50974803437 43337438816

Cash paid for purchasing of merchandise

and services 37490054089 31785316898

Net increase of client trade and advance 0 0

Net increase of savings in central bank

and brother company 0 0

Cash paid for original contract claim 0 0

Net increase for Outgoing call loan 0 0

Cash paid for interest processing fee

and commission 0 0

Cash paid for policy dividend 0 0

Cash paid to staffs or paid for staffs 2160312175 2083644916

Taxes paid 1422744608 1324889142

Other cash paid for business activities 1401718710 1353783365

Sub-total of cash outflow from business

activities 42474829582 36547634321

Net cash generated from /used in

operating activities 8499973855 6789804495

II. Cash flow generated by investing

Cash received from investment retrieving 0 0

Cash received as investment gains 336332023 254508501

Net cash retrieved from disposal of fixed

assets intangible assets and other long- 111459123 35585982

term assets

Net cash received from disposal of

subsidiaries or other operational units 0 0

Other investment-related cash received 880393783 217739722

Sub-total of cash inflow due to

investment activities 1328184929 507834205

Cash paid for construction of fixed

assets intangible assets and other 4446451059 8422325929

long-term assets

Cash paid as investment 23725777 327000000

Net increase of loan against pledge 0 0

Net cash received from subsidiaries and

other operational units 0 0

Other cash paid for investment activities 190000000 13527668

Sub-total of cash outflow due to

investment activities 4660176836 8762853597

Net cash flow generated by investment -3331991907 -8255019392

III.Cash flow generated by financing

Cash received as investment 2125992000 877021047

Including: Cash received as investment

from minor shareholders 2125992000 877021047

Cash received as loans 17477683826 25956155502

Other financing –related cash received 0 0

Sub-total of cash inflow from financing

activities 19603675826 26833176549

Cash to repay debts 19400934476 20486040861

Cash paid as dividend profit or interests 2089546849 2096719165

Including: Dividend and profit paid by

subsidiaries to minor shareholders 533393707 425525194

Other cash paid for financing activities 1359614680 1000871105

Sub-total of cash outflow due to

financing activities 22850096005 23583631131

Net cash flow generated by financing -3246420179 3249545418

IV. Influence of exchange rate

alternation on cash and cash equivalents 20177 11806

V.Net increase of cash and cash

equivalents 1921581946 1784342327

Add: balance of cash and cash

equivalents at the beginning of term 12342414947 11831504924

VI ..Balance of cash and cash

equivalents at the end of term 14263996893 13615847251（ii）The Company started implementing the updated accounting standards commencing from 2026 and

adjusted the relevant items in the financial statements at the beginning of the very year involved in the

initial implementation of the said standards

□ Applicable √Not applicable（iii）Auditor’s report

Whether the Third Quarterly financial report has been audited or not

□ Yes √No

The Third Quarterly financial report of the Company has not been audited.The Board of Directors of Guangdong Electric Power Development Co. Ltd.October 312026