粤电力B：2023年半年度报告(英文版)

GUANGDONGELECTRICPOWERDEVELOPMENTCO.,LTD.

TheSemi-annualReport2023

August2023

GuangdongElectricPowerDevelopmentCo.,Ltd.TheSemi-annualReport2023I.ImportantNotice,TableofContentsandDefinitionsTheBoardofDirectors,SupervisoryCommittee,Directors,SupervisorsandSeniorExecutivesofthecompanyherebyguaranteesthattherearenomisstatement,misleadingrepresentationorimportantomissionsinthisreportandshallassumejointandseveralliabilityfortheauthenticity,accuracyandcompletenessofthecontentshereof.Mr.ZhengYunpeng,Thecompanyleader,Mr.LiuWei,ChieffinancialofficerandtheMr.MengFei,thepersoninchargeoftheaccountingdepartment(thepersoninchargeoftheaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthissemi-annualreport.OtherdirectorsattendingtheMeetingforSemi-annualreportdeliberationexceptforthefollowed:

Thenameofdirectorwhodidnotattendthemeetinginperson	Positionofabsentdirector	Reason	Thenameofdirectorwhowasauthorized
MaoQinghan	Director	Duetobusiness	MaXiaoqian

Thecompanyismainlyengagedinthermalpowergeneration.Thebusinessofthermalpowergenerationisgreatlyaffectedbyfactorsincludingelectricpowerdemandandfuelprice.RefertoSection10ofChapterIIIofthisannualreport-situationfacedandcountermeasuresforrelevantinformation.Duringreportingperiod,thecompanywillnotdistributecashdividendorbonusshares,neithercapitalizingofcommonreserves.

GuangdongElectricPowerDevelopmentCo.,Ltd.TheSemi-annualReport2023TableofContents

I.ImportantNotice,TableofcontentsandDefinitionsII.CompanyProfile&FinancialHighlights.III.ManagementDiscussion&AnalysisIV.CorporateGovernanceV.Environmental&SocialResponsibilityVI.ImportantEventsVII.ChangeofsharecapitalandshareholdingofPrincipalShareholdersVIII.SituationofthePreferredSharesIX.CorporateBondX.FinancialReport

Documentsavailableforinspection

1.Financialstatementsbearingthesealandsignatureoflegalrepresentative,financialcontrollerandthepersoninchargeoftheaccountingorgan;

2..Alloriginalcopiesofofficialdocumentsandnotices,whichweredisclosedinChinaSecuritiesJournal,SecuritiesTimes,ShanghaiSecuritiesNews,SecuritiesDailyandHongKongCommercialDaily(BothEnglishandChineseversion);

3.Chineseversionofthesemi-annualreport.Thedocumentsmentionedabovearekeptinoffice,andarereadyforreferenceatanytime(exceptpublicholidays,SaturdayandSunday).

Definition

Termstobedefined

Termstobedefined	Refersto	Definition
GuangdongEnergyGroup	Refersto	GuangdongEnergyGroupCo.,Ltd.
ShaAPowerplant	Refersto	GuangdongElectricPowerDevelopmentCo.,Ltd.ShaAPowerplant
XinjiangBranch	Refersto	GuangdongElectricPowerDevelopmentCo.,Ltd.XinjiangBranch
QinghaiBranch	Refersto	GuangdongElectricPowerDevelopmentCo.,Ltd.QinghaiBranch
XingjiangCompany	Refersto	GuangdongEnergyGroupXingjiangCo.,Ltd.
ZhanjiangElectricPower	Refersto	ZhanjiangElectricPowerCo.,Ltd.
YuejiaCompany	Refersto	GuangdongYuejiaElectricPowerCo.,Ltd.
ShaoguanPowerGenrationPlant	Refersto	GuangdongYudeanShaoguanPowerGenerationCo.,Ltd.
MaomingThermalPowerPlant	Refersto	GuangdongEnergyMaomingThermalPowerPlantCo.,Ltd.
JinghaiCompany	Refersto	GuangdongYudeanJinghaiPowerCo.,Ltd.
HumenCompany	Refersto	GuangdongYudeanHumenPowerCo.,Ltd.
TechnologyEngineeringCompany	Refersto	GuangdongYudeanTechnologyEngineeringManagementCo.,Ltd
ZhanjiangZhongyue	Refersto	ZhanjiangZhongyueEnergyCo.,Ltd.
BoheCompany	Refersto	GuangdongYudeanEnergyCo.,Ltd.
HuaduCompany	Refersto	GuangdongHuaduNaturalGasThermalPowerCo.,Ltd.
DapuPowerPlant	Refersto	GuangdongDapuPowerGenerationCo.,Ltd.
WindPowerCompany	Refersto	GuangdongWindPowerCo.,Ltd.
GuangqianCompany	Refersto	ShenzhenGuangqianElectricPowerCo.,Ltd.
ElectricPowerSalesCompany	Refersto	GuangdongYudeanElectricPowerSalesCo.,Ltd.
HuizhouNaturalGasCompany	Refersto	GuangdongHuizhouNaturalGasPowerCo.,Ltd.
RedBayCompany	Refersto	GuangdongRedBayPowerCo.,Ltd.
PinghaiPowerPlant	Refersto	GuangdongHuizhouPinghaiPowerCo.,Ltd.
LincangCompany	Refersto	LincangYudeanEnergyCo.,Ltd.
YonganCompany	Refersto	GuangdongYudeanYonganNaturalGasThermalPowerCo.,Ltd.
BinhaiwanEnergyCompany	Refersto	GuangdongYudeanBinhaiwanEnergyCo.,Ltd.
DayawanEnergy	Refersto	GuangdongYudeanDayawanIntegratedEnergyCo.,Ltd.
QimingEnergy	Refersto	GuangdongYudeanQimingEnergyCo.,Ltd.
HuaguoquanCompany	Refersto	ShenzhenHuaguoquanElectricIndustryServiceCo.,Ltd.
DananhaiCompany	Refersto	GuangdongYudeanDananhaiIntelligenceEnergyCo.,Ltd.
YudeanBaihua	Refersto	GuangdongYudeanBaihuaIntegratedEnergyCo.,Ltd.
BijieEnergy	Refersto	GuangdongBijieNewEnergyCo.,Ltd.
ShaoguanNewEnergy	Refersto	GuangdongShaoguanYuedianliNewEnergyCo.,Ltd.
HenanNewEnergy	Refersto	HenanYudeanNewEnergyCo.,Ltd.
ShaCCompany	Refersto	GuangdongShajiao(plantC)PowerGenerationCo.,Ltd.
YuehuaPowerGeneration	Refersto	GuangdongYuehuaPowerGenerationCo.,Ltd.
YunhePowerGeneration	Refersto	GuangdongYudeanYunhePowerGenerationCo.,Ltd.
TumuThermalPower	Refersto	TumushukeThermalPowerCo.,Ltd.
HanhaiEnergy	Refersto	TumushukeYudeanHanhaiNewEnergyCo.,Ltd.
HuiboEnergy	Refersto	GuangdongHuiboNewEnergyCo.,Ltd.

JinxiuEnergy

JinxiuEnergy	Refersto	YuedeanJinxiuEnergyCo.,Ltd.
SongshanhuCompany	Refersto	DongguanSongshanhuYudeanEnergyServiceCo.,Ltd.
SenhongEnergy	Refersto	NanjingSenhongNewEnergyCo.,Ltd.
LinyuanSenhaiEnergy	Refersto	NanjingLinyuanSenhaiNewEnergyCo.,Ltd.
ZhennanEnergy	Refersto	YunfuZhennanNewEnergyCo.,Ltd.
LuodingEnergy	Refersto	YunfuLuodingYudeanNewEnergyCo.,Ltd.
AlxaLeagueEnergy	Refersto	AlxaLeagueYudeanNewEnergyCo.,Ltd.
SanmenxiaGuangneng	Refersto	SanmenxiaGuangnengNewEnergyCo.,Ltd.
LiangguangEnergy	Refersto	HuazhouYudeanLiangguangNewEnergyCo.,Ltd.
CaojiangEnergy	Refersto	GaozhouYudeanCaojiangNewEnergyCo.,Ltd.
DongrunZhongneng	Refersto	TaishanDongrunZhongnengNewEnergyCo.,Ltd.
MaomingNaturalGas	Refersto	GuangdongYudeanMaomingNaturalGasCo.,Ltd.
XingyueEnergy	Refersto	MeizhouXingyueNewEnergyCo.,Ltd.
XinguangyaoEnergy	Refersto	LaixiXinguangyaoNewEnergyTechnologyCo.,Ltd.
ShacheEnergy	Refersto	YudeanShacheComprehensiveEnergyCo.,Ltd.
ZhenyunEnergy	Refersto	YunfuYudeanZhenyunNewEnergyCo.,Ltd.
ZhennengEnergy	Refersto	YunfuYudeanNewEnergyCo.,Ltd.
ZhuhaiEnergy	Refersto	ZhuhaiYudeanNewEnergyCo.,Ltd.
LiuzhouEnergy	Refersto	GuangxiLiuzhouYudeanNewEnergyCo.,Ltd.
LvnengEnergy	Refersto	GuangdongYudeanLvnengNewEnergyCo.,Ltd.
DianbaiEnergy	Refersto	MaomingDianbaiNewEnergyCo.,Ltd,
TuoqianEnergy	Refersto	HuanggangTuoqianNewEnergyCo.,Ltd.
GaozhouIntelligenceNewEnergy	Refersto	GaozhouYudeanIntelligenceNewEnergyCo.,Ltd.
HainanGuangneng	Refersto	HainanGuangnengYudeanNewEnergyCo.,Ltd.
GuangzhouNewEnergy	Refersto	GuangdongYudeanNewEnergyDevelopmentCo.,Ltd.
ChanghaEnergy	Refersto	TumushukeYudeanChangheNewEnergyCo.,Ltd.
CaohuEnergy	Refersto	TumushukeYudeanCaohuNewEnergyCo.,Ltd.
XingnengEnergy	Refersto	QinghaiYudeanXingnengNewEnergyCo.,Ltd.
ZhanjiangGuangneng	Refersto	ZhanjiangGuangnengYudeanNewEnergyCo.,Ltd.
BaoheEnergy	Refersto	GaozhouYudeanBaoheNewEnergyCo.,Ltd.
FushunEnergy	Refersto	FushunYudeanNewEnergyCo.,Ltd.
LeizhouPowerGeneration	Refersto	GuangdongYudeanLeizhouPowerGenerationCo.,Ltd.
JiuzhouNewEnergy	Refersto	JiuzhouNewEnergy(Zhaoqing)Co.,Ltd.
ChangshanWindPower	Refersto	XiangtanXiangdianChanshanWindPowerGenerationCo.,Ltd.
GuangxiXinyue	Refersto	GuangxiXinyueNewEnergyCo.,Ltd.
ZhanjiangBiomassPowerGenerationCompany	Refersto	GuangdongYudeanZhanjiangBiomassPowerGenerationCo.,Ltd.
ShibeishanWindPower	Refersto	GuangdongYudeanShibeishanWindEnergyDevelopmentCo.,Ltd.
DianbaiWindPowerCompany	Refersto	GuangdongYudeanDianbaiWindPowerCo.,Ltd.
HuilaiWindPowerCompany	Refersto	HuilaiWindPowerGenerationCo.,Ltd.
YangjiangWindPowerCompany	Refersto	GuangdongYudeanYangjiangOffshoreWindPowerCo.,Ltd.
HepingWindPowerCompany	Refersto	GuangdongYudeanHepingWindPowerCo.,Ltd.
PingyuanWindPowerCompany	Refersto	GuangdongYudeanPingyuanWindPowerCo.,Ltd.
WuxuanWindPowerCompany	Refersto	GuangxiWuxuanYudeanNewEnergyCo.,Ltd.
XupuWindPowerCompany	Refersto	HunanXupuYuefengNewEnergyCo.,Ltd.
PingdianIntegratedEnergyCompany	Refersto	HuizhouPingdianIntegratedEnergyCo.,Ltd.
ZhuhaiWindPowerCompany	Refersto	GuangdongYudeanZhuhaiOffshoreWindPowerCo.,Ltd.
ZhanjiangWindPowerCompany	Refersto	GuangdongYudeanZhanjiangWindPowerGenerationCo.,Ltd.
QujieWindPowerCompany	Refersto	GuangdongYudeanQujieWindPowerGenerationCo.,Ltd.

LeizhouWindPowerCompany

LeizhouWindPowerCompany	Refersto	GuangdongYudeanLeizhouWindPowerGenerationCo.,Ltd.
TongdaoWindPowerCompany	Refersto	TongdaoYuexinWindPowerGenerationCo.,Ltd.
YudeanFuelCompany	Refersto	GuangdongPowerIndustryFuelCo.,Ltd.
GuangdongEnergyInsuranceCaptiveCompany	Refersto	GuangdongEnergyPropertyInsuranceCaptiveCo.,Ltd.
ShanxiEnergyCompany	Refersto	ShanxiYudeanEnergyCo.,Ltd.
YudeanShippingCompany	Refersto	GuangdongYudeanShippingCo.,Ltd.
YueqianCompany	Refersto	GuizhouYueqianElectricCo.,Ltd.
GuangdongEnergyFinanceCompany	Refersto	GuangdongEnergyGroupFinanceCo.,Ltd.
EnergyFinancialLeasingCompany	Refersto	GuangdongEnergyFinancialLeasingCo.,Ltd.
GuonengTaishanCompany	Refersto	GuonengYudeanTaishanPowerGenerationCo.,Ltd.
WeixinEnergyCo.,Ltd.	Refersto	YunnanYuntouWeixinEnergyCo.,Ltd.
Zhongxinkenghydropowerstation	Refersto	YangshanZhongxinkengPowerCo.,Ltd.
Jiangkenghydropowerstation	Refersto	YangshanJiangkenghydropowerstation
SouthernOffshorewindpower	Refersto	SouthernOffshorewindpowerUnionDevelopmentCo.,Ltd.
SunshineInsurance	Refersto	SunshineInsuranceGroupCo.,Ltd.
ShenzhenCapital	Refersto	ShenzhenCapitalGroupCo.,Ltd.
GMG	Refersto	GMGInternationalTenderingCo.,Ltd.
ShenzhenEnergy	Refersto	ShenzhenEnergyGroupCo.,Ltd.
ShenergyCompany	Refersto	ShenergyCompanyLimited
EnvironmentalProtectionCompany	Refersto	GuangdongYudeanEnvironmentalProtectionCo.,Ltd.
HechiNewEnergy	Refersto	HechiYudeanNewEnergyCo.,Ltd.
YigeNewEnergy	Refersto	GuangdongYudeanYigeNewEnergyCo.,Ltd.

II.CompanyProfile&FinancialHighlights.I.CompanyProfile

Stockabbreviation

Stockabbreviation	YueDianLiA,YueDianLiB	Stockcode：	000539,200539
Stockexchangeforlisting	ShenzhenStockExchange
NameinChinese	广东电力发展股份有限公司
AbbreviationofRegisteredCompanyNameinChinese(	粤电力
Englishname(Ifany)	GUANGDONGELECTRICPOWERDEVELOPMENTCO.,LTD
Englishabbreviation(Ifany)	GED
LegalRepresentative	ZhengYunpeng

Ⅱ.Contactpersonandcontactmanner

	Boardsecretary	SecuritiesaffairsRepresentative
Name	LiuWei	HuangXiaowen
Contactaddress	35F,SouthTower,YudeanPlaza,No.2TianheRoadEast,Guangzhou,GuangdongProvince	35F,SouthTower,YudeanPlaza,No.2TianheRoadEast,Guangzhou,GuangdongProvince
Tel	[phone]	[phone]
Fax	[phone]	[phone]
E-mail	[e-mail]	[e-mail]

III.Otherinfo.

1.WayofcontactWhetherregistrationsaddress,officesaddressandcodesaswellaswebsiteandemailofthecompanychangedinreportingperiodornot

□Applicable√NotapplicableRegistrationsaddress,officesaddressandcodesaswellaswebsiteandemailofthecompanyhasnochangeinreportingperiod,foundmoredetailsinannualreport2022.

2.InformationinquiryWhetherinformationdisclosureandpreparationplacechangedinreportingperiodornot

□Applicable√NotapplicableNoneoftheofficialpresses,website,andplaceofenquiryhasbeenchangedinthesemireportperiod.FordetailspleasefindtheAnnualReport2022.

3.OtherrelevantinformationDidanychangeoccurtootherrelevantinformationduringthereportingperiod?

□Applicable√NotapplicableIV.SummaryofAccountingdataandFinancialindexWhetherithasretroactiveadjustmentorre-statementonpreviousaccountingdata

√Yes□NoRetroactiveadjustmentorrestatementofcauses

Accountingpolicychange

Reportingperiod

	Reportingperiod	Sameperiodoflastyear		ChangesofthisperiodoversameperiodofLastyear(%)
		Beforeadjustment	Afteradjustment	Afteradjustment
Operatingincome（Yuan）	28,340,840,884	22,611,239,733	22,611,239,733	25.34%
Netprofitattributabletotheshareholdersofthelistedcompany（Yuan）	856,538,633	-1,375,739,165	-1,371,743,904	162.44%
Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany（Yuan）	849,010,727	-1,399,609,834	-1,395,614,573	160.83%
Cashflowgeneratedbybusinessoperation,net（Yuan）	2,720,370,016	-208,358,510	-208,358,510	1,405.62%
Basicearningpershare(Yuan/Share)	0.1631	-0.2620	-0.2613	162.44%
Dilutedgainspershare(Yuan/Share)	0.1631	-0.2620	-0.2613	162.44%
WeightedaverageROE(%)	3.86%	-6.23%	-6.21%	10.07%
	Asattheendofthereportingperiod	Asattheendoflastyear		Changedoverlastyear（％）
		Beforeadjustment	Afteradjustment	Afteradjustment
Grossassets（Yuan）	143,012,763,745	131,504,274,884	131,623,802,701	8.65%
Netassetsattributabletoshareholdersofthelistedcompany（Yuan）	21,153,441,131	20,241,872,479	20,350,293,619	3.95%

Reasonsofaccountingpolicychangeandcorrectionofaccountingerrors

In2022,theMinistryofFinancepromulgatedtheInterpretationNo.16ofAccountingStandardsforBusinessEnterprises(CS[2022]No.31)(hereinafterreferredtoas"InterpretationNo.16").SinceJanuary1,2023,thecompanyhasadoptedtheaccountingtreatmentprovisionsinInterpretationNo.16thatdeferredincometaxrelatedtoassetsandliabilitiesarisingfromasingletransactionisnotapplicabletoinitialrecognitionexemption.FortheapplicablesingletransactionsthatoccurredbetweenthebeginningoftheearliestperiodofpresentationinthefinancialstatementsofthefirstimplementationofInterpretationNo.16anditsimplementationdate,thecompanyhasmadeadjustmentsinaccordancewithregulations;Incaseoftaxabletemporarydifferencesanddeductibletemporarydifferencesarisingfromtheleaseliabilitiesandright-to-useassetsrecognizedatthebeginningoftheearliestperiodofpresentationinthefinancialstatementsofInterpretationNo.16duringitsimplementationforthefirsttime,thecompanywilladjusttheinitialretainedincomeandotherrelatedfinancialstatementitemsatthebeginningoftheearliestperiodofpresentationinthefinancialstatementsaccordingtothecumulativeimpact.V.Thedifferencesbetweendomesticandinternationalaccountingstandards

1).SimultaneouslypursuanttobothChineseaccountingstandardsandinternationalaccountingstandardsdisclosedinthefinancialreportsofdifferencesinnetincomeandnetassets.

□Applicable□√NotapplicableNone

2).DifferencesofnetprofitandnetassetsdisclosedinfinancialreportspreparedunderoverseasandChineseaccountingstandards.

□Applicable√NotapplicableNoneVI.Itemsandamountofnon-currentgainsandlosses

√Applicable□Notapplicable

InRMB

Items

Items	Amount	Note
Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade)	-1,988,902	ItwasthenetlosscausedbydisposalofdustremovaldeviceofUnit1inDapuPowerPlant.
Governmentsubsidiesrecognizedincurrentgainandloss(excludingthosecloselyrelatedtothecompany’sbusinessandgrantedunderthestate’spolicies)	14,152,289	Itwasmainlytheeconomicpolicyincentivesforpowersalesandsubsidiesforvariouspowerplantprojects.
Othernon-businessincomeandexpendituresotherthantheabove	7,433,052
Insurancecompensationandclaimsincome	6,701,756	ItwasmainlytheadvancecompensationforunitsreceivedbyYangjiangWindPowerPlantduetoTyphoonSiamba.
Finesandoverduepaymentfees	-3,664,929	ItwasmainlythefineexpenditureofQujiangWindPower.
Non-currentassetsscrapincome	2,724,564	ItwasmainlythefixedassetscrapincomeofJinghaicompanyandBohecompany.
LossofNon-currentassetsscrapped	-9,754,776	ItwasmainlythefixedassetscraplossofYunhePowerGeneration,ZhanjiangZhongyueandGuangqiancompany.
Less:Amountofinfluenceofincometax	4,792,737
Influencedamountofminorshareholders’equity(aftertax)	3,282,411
Total	7,527,906

Detailsofotherprofitandlossitemsthatmeetthenon-recurringprofitandlossdefinition

□Applicable√NotapplicableNoneForthecompany’snon-recurringgain/lossitemsasdefinedintheExplanatoryAnnouncementNo.1oninformationdisclosureforCompaniesOfferingtheirSecuritiestothePublic-Non-recurringGainsandLossesanditsnon-recurringgain/lossitemsasillustratedintheExplanatoryAnnouncementNo.1oninformationDisclosureforCompaniesofferingtheirsecuritiestothepublic-non-recurringGainsandlosseswhichhavebeendefinedasrecurringgainsandlosses,itisnecessarytoexplainthereason.

√Applicable□Notapplicable

Items	Amountinvolved(RMB)	Reason
Value-addedtaxwillberefundedimmediately	12,915,790	Complywithnationalpoliciesandregulations,andcontinuetooccur

III.ManagementDiscussion&AnalysisⅠ.MainBusinessthecompanyisEngagedinDuringtheReportPeriodThecompanymainlyengagesintheinvestment,constructionandoperationmanagementofpowerprojects,andtheproductionandsalesofelectricpower.Itbelongstothepower,heatproductionandsupplyindustryclassifiedinthe“GuidelinesfortheIndustryClassificationofListedCompanies”bytheChinaSecuritiesRegulatoryCommission.Sinceitsfoundation,thecompanyhasalwaysadheredtothebusinesstenetof“Capitalfromthepeople,usingitforelectricity,andbenefitingthepublic”andadherestothebusinesspolicyof“Centeringonthemainbusinessofelectricity,withdiversifieddevelopment”,focusingonthemainbusinessofpowerandmakingthepowerstructuregodiversified.Inadditiontothedevelopment,constructionandoperationoflarge-scalecoal-firedpowerplants,italsohascleanenergyprojectssuchasLNGpowergeneration,windpowergenerationandhydropowergeneration,whichprovidesreliableandcleanenergytousersthroughthegridcompany.AsofJune30,2023,thecompanyhascontrollableinstalledcapacityof31.5117millionkilowatts,includingholdinginstalledcapacityof29.7639millionkilowattsandequityparticipationinstalledcapacityof1.7478millionkilowatts.Including:theholdinginstalledcapacityforcoal-firedpowergenerationof

20.55millionkilowattsand69.04%;theholdinginstalledcapacityforgasandelectricityof6.392millionkilowattsand21.48%andrenewableenergygenerationlikewindpower,photovoltaic,hydropowerandbiomassof2.8219millionkilowattsand9.48%.inaddition,Theentrustedinstalledcapacityofthecompanyformanagementis8.854millionkilowatts(including6.65millionkilowattsofthermalpowerand2.204millionkilowattsofhydropower).Theabovecontrollableinstalledcapacityandentrustedinstalledcapacityformanagementtotaled40.0537millionkilowatts.

Incomesourceisprimarilycontributedbypowerproductionandsales,andmainbusinessincomeisderivedfromGuangdongProvince.ThecompanyelectricitysalespriceissubjecttothebenchmarkpriceverifiedbythepriceauthorityperrelevantpoliciesbasedonNationalDevelopmentandReformCommission(NDRC)andtheelectricitytransactionpricethroughthemarkettradeimplementationperGuangdongElectricityMarketTradeBasicRulesandsupportingfiles.Duringthereportingperiod,thecompanycompletedatotalofRMB53.457billionkWhofon-gridelectricityinconsolidatedstatements,withayear-on-yearincreaseof15.34%;TheaveragepriceofelectricitysoldintheconsolidatedstatementisRMB591.86perthousandkWh(includingtax,thesamebelow),withayear-on-yearincreaseofRMB49.12perthousandkWh,or9.05%;ThetotaloperatingincomewasRMB28,340.84million,withayear-on-yearincreaseofRMB5,729.60million,or25.34%.Thecompany'sbusinessisdominatedbycoal-firedpowergeneration,andthefuelcostsaccountforalargeportionofoperatingcosts,thusthefluctuationsincoalpriceshaveasignificantimpactonthecompany'soperatingperformance.Duringthereportingperiod,affectedbytheincreaseinpowergenerationandthecontinuousincreaseincoalprices,thecompany’sfuelcostswere19,793.94millionyuan,whichaccountedfor

78.73%ofthemainbusinesscosts,Affectedbythesharpincreaseofpowergenerationandcoalprice,thefuelcostincreasedbyRMB1,610.66millionyearonyear.anincreaseof8.86%.

Duringthereportingperiod,China'soveralleconomicoperationrebounded,powerdemandcontinuedtogrow,thecompany'spowergenerationandon-gridelectricityconsumptionincreasedsteadily,andpowergenerationincomeincreasedsignificantly.Duetothedeclineinfuelprices,theprofitabilityofthecompany'sthermalpowerbusinesshasrecovered,anditsnewenergybusinesshasmaintainedstableincome.Thecompany'soverallperformanceinthefirsthalfof2023hasturnedlossesintoprofits.Duringthereportingperiod,thecompanyrealizedanetprofitofRMB856.54million,withayear-on-yearincreaseof2,228.28

million.ThecompanyrealizedanetprofitattributedtoparentcompanyofRMB207.02millionincoal-firedpowerbusiness;254.18millioningasandelectricitybusiness;RMB-23.96millioninhydropowerbusiness;RMB301.46millioninnewenergybusiness;andRMB570.12millioninheadquartersinvestmentbusiness.Thecompanyshallcomplywiththedisclosurerequirementsof"powersupplyindustries"intheGuidelineNo.3forSelf-regulationofListedCompaniesofShenzhenStockExchange-IndustryInformationDisclosureBytheendofJune2023,thecompanyhadatotalinstalledcapacityof2.589millionkilowattsofnewenergysuchaswindpowerandphotovoltaicpower,including1.2millionkilowattsofoffshorewindpower,

1.145millionkilowattsofonshorewindpowerand244,100kilowattsofphotovoltaicpower.Inthefirsthalfof2023,thecompanyaddedabout67,500kilowattsofnewenergyinstalled,allofwhichwerephotovoltaicpowergeneration;ThefirstandsecondoffshorewindpowerprojectsinJiangqingzhou,JianyangandthephotovoltaicprojectinShache,Xinjiangthatareunderconstructionhaveatotalinstalledcapacityofabout4.42millionkilowatts,andthenewenergyprojectsofabout11.8millionkilowattshavebeenregisteredandapproved.Inthefuture,thecompanywillcontinuetoactivelygraspthedevelopmenttrendofacceleratingenergytransformationunderthegoalof"emissionpeak"and"carbonneutrality",activelyexpandtheresourcesofnewenergyprojectsthroughself-constructionandacquisition,fullypromotetheleap-forwarddevelopmentofnewenergy,andbuildanecologicalandcivilizedpowerenterprise.

1.AsofJune30,2023,theholdingnewenergypowergenerationprojectsthatthecompanyhasputintoproductionareasfollows:

Projecttype

Projecttype	Projectname	Installedcapacity(10,000kilowatts)	Shareholdingratio
WindPower	ZhanjiangXuwenYangqian	4.95	70%
WindPower	ZhanjiangXuwenYongshi	4.95	70%
WindPower	JieyangHuilaiShibeishan	10	70%
WindPower	JieyangHuilaiHaiwanshi	1.40	90%
WindPower	MaomingDianbaiReshui	4.95	100%
WindPower	ZhanjiangLeizhouHongxinlou	4.95	94%
WindPower	ZhanjiangXuwenShibanling	4.95	100%
WindPower	ZhanjiangXuwenQujie	4.95	100%
WindPower	WailluoOffshorewindpower	19.80	100%
WindPower	XuwenWutushanWindPower	4.95	51%
WindPower	XuwenDengjiaoWindPower	4.95	51%
WindPower	PingyuanMaoping	4.80	100%
WindPower	ZhuhaiJinwanOffshorewindpower	30	74.49%
WindPower	ZhangjiangXuwenWailuoIIOffshorewindpower	20	100%
WindPower	ZhanjiangXuwenXinliaooffshorewindpower	20.35	100%
WindPower	YangjiangShapaoffshorewindpower	30	91.41%
WindPower	GuangxiWuxuan	5	100%
WindPower	HunanXupuTaiyangshan	5	100%
WindPower	HunanTongdaoDagaoshan	5	100%
WindPower	DecentralizedWindPowerinShanweiPowerPlant	1.08	65%

WindPower

WindPower	NanxiongZhuanvillage	4.99	100%
WindPower	XiangtanChangshan	4.4	100%
WindPower	PingyuanSishui	4	100%
WindPower	HenanXihuaWindPower	1.53	100%
WindPower	HenanWuzhiWindpower	2.50	100%
WindPower	HebeiZiyahe	10	80%
WindPower	ZhanjiangLeigao	15.03	51%
Photovoltaic	BaojiaPowergeneration	0.12	90%
Photovoltaic	DapuPowerplant	0.20	100%
Photovoltaic	JiuzhouNewEnergy	1.73	100%
Photovoltaic	XinhuiPowerPlant	1.06	46%
Photovoltaic	Yuehuacompany	0.06	51%
Photovoltaic	ShandongGaotang	4.05	100%
Photovoltaic	JinxiuWudeng	0.34	90%
Photovoltaic	RedBayPowerPlant	1.38	65%
Photovoltaic	WushiWudeng	0.15	100%
Photovoltaic	SanheXihua	0.46	100%
Photovoltaic	HaiyanShalan	1	100%
Photovoltaic	ShanxiHongdong	4.80	100%
Photovoltaic	MeizhouWuhua	3	100%
Photovoltaic	YuelongPhotovoltaic	0.19	100%
Photovoltaic	HanhaiPhotovoltaic	4	100%
Photovoltaic	BoluoDafengPhotovoltaic	1	100%
Photovoltaic	QingdaoNiulianPhotovoltaic	0.58	99%
Photovoltaic	PotouYuguangPhotovoltaic	0.30	90%
Total		258.90

II.AnalysisOncoreCompetitiveness

1.ThelargestlistedcompanyofpowerinGuangdongThecompany'smainpowergenerationassetsarelocatedinGuangdongProvince,withatotalassetsizeofmorethan117.473billion.ItisthelargestlistedcompanyofpowerinGuangdongProvince.Itistheonlylistedcompanywithover100billionassetscontrolledbystate-ownedholdingsinGuangdongprovince.AsofJune30,2023,Thecompany,asthelargestlistedpowercompanyinGuangdongProvince,hasatotalof40,053,700kilowattsofcontrollableinstalledcapacityandentrustedmanagedinstalledcapacity,accountingforaboutaquarterofthetotalinstalledcapacityinGuangdongProvince.

2.StrongbackgroundandresourceadvantagesGuangdongEnergyGroup,thecontrollingshareholderofthecompany,asaprovincialkeyenergyenterprise,hasbeenactivelysupportinglistedcompaniestobecomebetterandstrongerbyusingtheadvantagesofitsresources,technologyandassetscale.AstheonlylistedcompanyandmainforceofGuangdongEnergyGroup,thecompanyhasalwaysbeensubordinatedtoservingtheoverallsituationofthereformanddevelopmentofGuangdongProvinceandGuangdongYudeanGroup.Ithasdeeplycultivatedthemainpowerindustry,activelyplayedthevaluediscoveryfunctionandresourceallocationfunctionofthecapitalmarket,andassistedthereformanddevelopmentofGuangdongProvince'senergyresources.

3.Comprehensiveadvantagesofmainbusiness

Duringthe"14thFive-YearPlan"period,Guidedbythenationalenergydevelopmentstrategy,thecompanyisimplementingthe"1+2+3+X"strategy-tobuildafirst-classgreenandlow-carbonpowerlistedcompany,coordinatesafetyanddevelopment,optimizeandstrengthencoal,gasandbiomasspowergenerationservices,andvigorouslydevelopnewenergy,energystorage,hydrogenenergyandlandparkdevelopment.Thecompanyhasabundantprojectreservesandbroaddevelopmentprospects;Withclearmainbusiness,reasonablestructure,outstandingindustrialpositionandmarketshare,ithasstrongcomprehensivestrengthandbroaddevelopmentprospects.

4.CompetitiveadvantageinelectricitymarketThecompany'sgeneratorsethashighparameters,largecapacity,highoperationefficiency,lowcoalconsumption,stableoperation,superiorenvironmentalprotectionperformanceandstrongmarketcompetitiveadvantage.Inthefirsthalfof2023,thecompanycompletedatotalof5.3457billionkilowatt-hoursofelectricityinthemarket,andthescaleofelectricitysalescontinuedtorankfirstintheprovince,withelectricitysalespricessuperiortotheprovince'saverage.Thecompanygivesfullplaytoitsthreeadvantagesofscale,brandandservice.Withitsmarketingservicenetworkallovertheprovinceanditstechnicalaccumulationandcomprehensiveresourcesinthepowerindustry,thecompanyprovidesauxiliaryvalue-addedservicessuchaspeakregulation,frequencymodulationandbackupforthepowergrid,andprovideshigh-qualityvalue-addedservicessuchascomprehensiveenergysavingandpowerconsumptionconsultationforusers,thusrealizingthetransformationfromapowergenerationenterprisetoanenergycomprehensiveserviceenterprise.

5.AdvantageoffinancialresourcesAtpresent,thecompany'stotalassetsreach100billion,andthecashflowofitsstockbusinessisabundant,whichprovidesagoodsupportforthecompany'ssustainabledevelopment.Thecompanyisingoodfinancialcondition,withsmoothfinancingchannelssuchasbankcredit,bondsandsecuritiesmarketsanddiversifiedfinancingmethods.Thecompanywillmakefulluseofinternalandexternalfinancialresourcestoprovidestrongfinancialguaranteefortheenterpriseproductionandoperation,keyprojectconstructionandrapiddevelopmentofnewenergyindustries.

6.RegionaldevelopmentadvantagesAsthemainenergysourceinGuangdongProvince,thecompanyshoulderstheimportanttaskofhelpingGuangdongProvincetobuildaclean,low-carbon,safeandefficientmodernenergysystem.ThecompanywillactivelyintegrateintotheconstructionofGuangdong-HongKong-MacaoGreaterBayArea,Shenzhen'sadvanceddemonstrationzoneandthedevelopmentofGuangdong's"onecore,onebeltandonearea".Itwillsteadilypushforwardtheconstructionofkeyenergyprojectsandthedevelopmentofnewenergyresourcesintheprovinceandactivelyseektoexpandintoregionswithbetterresourceconditionsandhigherpowerdemand,Helpthe"30·60"targettobeimplemented.III.MainbusinessanalysisFoundmorein"I.MainbusinessesoftheCompanyinthereportingperiod"Changesinthefinancialdata

InRMB

Thisreport

period

	Thisreportperiod	Sameperiodlastyear	YOYchange（%）	Causechange
Operatingincome	28,340,840,884	22,611,239,733	25.34%
Operatingcost	25,157,909,557	23,114,184,606	8.84%
Saleexpenses	35,592,377	30,460,050	16.85%

Administrativeexpenses

Administrativeexpenses	553,789,310	477,955,874	15.87%
Financialexpenses	1,146,457,140	1,081,057,844	6.05%
Incometaxexpenses	365,380,562	-151,269,999	341.54%	Duetotheprofitrecoveryofthermalpowerbusinessandthestabilityofnewenergybusiness,thetotalprofitofthecompanyinthisperiodincreasedyear-on-year,andtheincometaxexpensesincreasedaccordingly.
R&DInvestment	466,613,651	752,324,970	-37.98%	Mainlyduetothedecreaseinfuelcostsforresearchanddevelopmentinthefirsthalfoftheyearandtheimpactontheimplementationprogressofresearchanddevelopmentprojects.
Cashflowgeneratedbybusinessoperation,net	2,720,370,016	-208,358,510	1,405.62%	Benefitingfromtheincreaseinon-gridelectricityandthedecreaseinfuelprices,thenetcashflowgeneratedbyoperatingactivitiesincreasedyear-on-year.
Netcashflowgeneratedbyinvestment	-9,765,108,918	-2,908,067,376	-235.79%	Duetothepromotionoftheproject,thecashpaidbythecompanyforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassetsinthisperiodincreasedyear-on-year,whichwascausedbythesuperpositionofthedisposalfundsreceivedfromBoheTerminalinthesameperiodlastyear.
Netcashflowgeneratedbyfinancing	7,005,872,760	5,861,027,285	19.53%
Netincreasingofcashandcashequivalents	-38,865,772	2,744,601,884	-101.42%	Affectedbyabovethreereasons..

Majorchangestotheprofitstructureorsourcesofthecompanyinthereportingperiod

□Applicable√NotapplicableTheprofitcompositionorsourcesofthecompanyhaveremainedlargelyunchangedduringthereportperiod.ComponentofBusinessIncome

InRMB

	Thisreportperiod		Sameperiodlastyear		Increase/decrease
	Amount	Proportion	Amount	Proportion
Totaloperatingrevenue	28,340,840,884	100%	22,611,239,733	100%	25.34%
OnIndustry
Electricpower,Steamsalesandlaborincome	28,177,515,353	99.42%	22,423,023,603	99.17%	25.66%
Other	163,325,531	0.58%	188,216,130	0.83%	-13.22%
Onproducts
SalesElectricPower	28,015,854,478	98.85%	22,263,672,844	98.46%	25.84%
Flyashsales	141,968,590	0.50%	171,920,045	0.76%	-17.42%
Thermalsales	121,708,867	0.43%	102,972,035	0.46%	18.20%
Other	61,308,949	0.22%	72,674,809	0.32%	-15.64%
Area
Guangdong	27,672,103,611	97.64%	22,117,126,665	97.81%	25.12%
Xinjiang	470,376,437	1.66%	400,459,803	1.77%	17.46%
Hunan	73,335,885	0.26%	39,790,974	0.18%	84.30%

Hebei

Hebei	46,668,601	0.16%	0	0%	notapplicable
Guangxi	29,169,838	0.10%	24,702,345	0.11%	18.09%
Yunnan	21,621,661	0.08%	29,159,946	0.13%	-25.85%
Henan	19,388,294	0.07%	0	0%	notapplicable
Shangdong	8,176,557	0.03%	0	0%	notapplicable

(2)SituationofIndustry,ProductandDistrictOccupyingtheCompany’sBusinessIncomeandOperatingProfitwithProfitover10%

√Applicable□Notapplicable

InRMB

	Turnover	Operationcost	Grossprofitrate(%)	Increase/decreaseofrevenueinthesameperiodofthepreviousyear(%)	Increase/decreaseofbusinesscostoverthesameperiodofpreviousyear(%)	Increase/decreaseofgrossprofitrateoverthesameperiodofthepreviousyear(%)
OnIndustry
Electricpower,Steamsalesandlaborincome	28,177,515,353	25,146,455,159	10.76%	25.66%	8.91%	13.73%
OnProducts
SalesElectricPower	28,015,854,478	24,966,419,641	10.88%	25.84%	8.81%	13.94%
Including：
FirecoalGenerationPower	20,838,015,889	19,233,609,511	7.70%	21.37%	2.69%	16.79%
GasGenerationPower	5,404,269,929	4,741,358,019	12.27%	56.13%	37.99%	11.54%
WindGenerationPower	1,535,493,321	772,583,543	49.68%	10.12%	35.04%	-9.28%
BiomassGenerationPower	196,668,404	187,217,447	4.81%	-6.02%	5.30%	-10.23%
HydroelectricGenerationpower	21,621,661	25,880,673	-19.70%	-25.85%	-9.07%	-22.08%
PhotovoltaicGenerationpower	19,785,274	5,770,448	70.83%	notapplicable	notapplicable	notapplicable
Area
Guangdong	27,672,103,611	24,619,674,193	11.03%	25.12%	8.96%	13.19%

Undercircumstancesofadjustmentinreportingperiodforstatisticscopeofmainbusinessdata,adjustedmainbusinessbasedonlatestonyear’sscopeofperiod-end.

□Applicable√NotapplicableIV.AnalysisofNon-coreBusiness

□Applicable√NotapplicableV.Analysisofassetsandliabilities

1.Significantchangesinassetcomposition

InRMB

EndofReportingperiod		Endofsameperiodoflastyear		Changeinpercentage(%)	Reasonforsignificantchange
Amount	Asapercentageoftotalassets(%)	Amount	Asapercentageoftotalassets(%)

Monetaryfund

Monetaryfund	11,460,379,577	8.01%	11,503,523,618	8.74%	-0.73%
Accountsreceivable	9,558,894,828	6.68%	7,578,636,244	5.76%	0.92%
Contractassets	2,734,346	0%	4,910,263	0%	0%
Inventories	3,802,053,813	2.66%	3,376,868,100	2.57%	0.09%
RealestateInvestment	360,857,662	0.25%	365,285,301	0.28%	-0.03%
Long-termequityinvestment	9,605,680,568	6.72%	9,198,053,183	6.99%	-0.27%
Fixedassets	60,196,257,908	42.09%	62,400,175,057	47.41%	-5.32%	Itwasmainlythedepreciationinaccordancewithaccountingpolicies,andthedecreaseinnetfixedassets.
Constructioninprocess	20,885,138,482	14.60%	11,768,828,161	8.94%	5.66%	Itwasmainlyduetotherapidprogressoftheprojectinthefirsthalfoftheyearandtheincreaseinengineeringexpenditure.
Usagerightassets	7,878,833,005	5.51%	7,352,044,966	5.59%	-0.08%
Short-termloans	19,934,368,075	13.94%	16,261,444,860	12.35%	1.59%
Contractliabilities	5,882,384	0%	4,960,974	0%	0%
Long-termloans	52,742,165,795	36.88%	42,860,932,628	32.56%	4.32%
Leaseliabilities	7,617,307,100	5.33%	6,870,820,017	5.22%	0.11%

2.Mainassetsoverseas

□Applicable√Notapplicable

3.AssetandLiabilitiesMeasuredbyFairValue

√Applicable□Notapplicable

InRMB

Items	Openingamount	Gain/Lossonfairvaluechangeinthereportingperiod	Cumulativefairvaluechangerecordedintoequity	Impairmentprovisionsinthereportingperiod	Purchasedamountinthereportingperiod	Soldamountinthereportingperiod	Closingmount	Endofterm
Financialassets
1.Otherequityinstrumentinvestments	3,058,071,054	-181,994,766	1,933,913,672	0	0	0	0	2,876,076,288
Subtotal	3,058,071,054	-181,994,766	1,933,913,672	0	0	0	0	2,876,076,288
Total	3,058,071,054	-181,994,766	1,933,913,672	0	0	0	0	2,876,076,288
FinancialLiability	0	0	0	0	0	0	0	0

Otherchange

Didgreatchangetakeplaceinmeasurementoftheprincipalassetsinthereportingperiod?

□Yes√No

4.RestrictedassetrightsasoftheendofthisReportingPeriodOnJune30,2023,individualsubsidiariesoftheGrouppledgedtherighttoimposeelectricitychargestobankstoobtainlong-termloansofRMB5,522,378,748which:thebalanceoflong-termloansduewithinoneyearwas274,518,787yuan(asofDecember31,2022:6,052,250,122yuan).including:thelong-termborrowingsduewithinoneyearamountedtoRMB512,741,564.

VI.Investmentsituation

1.General

√Applicable□Notapplicable

Investmentoftheperiod

Investmentoftheperiod	Investmentofsameperiodoflastyear	Scaleofchange
1,683,063,129	447,571,800	276.04%

2.ConditionofAcquiringSignificantShareRightInvestmentduringtheReportPeriod

√Applicable□Notapplicable

InRMB

NameofthecompanyInvested

MainBusiness

InvestmentWay

InvestmentAmount

ShareProportion%

CapitalSource

Partner

InvestmentHorizon

ProductType

ProgressuptoBalanceSheetDate

AnticipatedIncome

GainorLessortheCurrentInvestment

WhethertoInvolveinLawsuit

DateofDisclosure(ifany)

DisclosureIndex(ifany)

GuangdongWindPowerGenerationCo.,Ltd.

WindPoerGeneration

Capitalincrease

995,000,000

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

291,542,390

No

August29,2019,November29,2019,November9,2021,August31,2022andDecember1,2022

AnnouncementNo.:2019-36,2021-78,2022-37and2022-60.PublishedinChinaSecuritiesDaily,SecuritiesTimes,ShanghaiSecuritiesNews,SecuritiesDailyandhttp//.www.cninfo.com.cn

YuedanShacheComprehensiveEnergyCo.,Ltd.

PhotovoltaicGeneration

Capitalincrease

5,000,000

100%

Selffunds

No

Long-term

ElectricPower

Shachelightstorageintegrationprojectisinnormalprogress

818,451

No

December1,2022

AnnouncementNo.:2022-60,.PublishedinChinaSecuritiesDaily,SecuritiesTimes,ShanghaiSecuritiesNews,SecuritiesDailyandhttp//.www.cninfo.com.cn

GuangdongYudean

Photov

Capit

43,000,000

100%

Self

No

Long-

Electric

Boluo

-33,091

No

Notapplicable

HuoboNewEnergyCo.,Ltd.

HuoboNewEnergyCo.,Ltd.

oltaicGeneration

alincrease

funds

term

Power

DafengdistributedphotovoltaicprojectandHuzhenphotovoltaiccompositeprojectareinnormalprogress

TumushukeYudeanHanhaiNewEnergyCo.,Ltd.

PhotovoltaicGeneration

Capitalincrease

25,000,000

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

-196,428

No

March26,2022

AnnouncementNo.:2022-11,.PublishedinChinaSecuritiesDaily,SecuritiesTimes,ShanghaiSecuritiesNews,SecuritiesDailyandhttp//.www.cninfo.com.cn

XiangtanXiangdianChangshanWindPowerGenerationCo.,Ltd.

WindPowerGeneration

Purchase

21,215,997

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

554,209

No

Notapplicable

JiuzhouNewEnergy（Zhaoqing）Co.,Ltd.

PhotovoltaicGeneration

Purchase

5,280,122

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

2,019,855

No

Notapplicable

GuangdongYudeanBinhaiwanEnergyCo.,Ltd.

Thermalpower

Capitalincrease

50,000,000

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

-7,173,057

No

April11,2020

AnnouncementNo.:2020-13,.PublishedinChinaSecuritiesDaily,SecuritiesTimesandhttp//.www.cninfo.com.cn

GuangdongYudean

Therm

Capit

71,100,000

70%

Self

Huizhou

Long-

Electric

Innormal

-9,810,805

No

July17,2021

AnnouncementNo.:2021-

DayawanIntelligenceEnergyCo.,Ltd.

DayawanIntelligenceEnergyCo.,Ltd.

alpower

alincrease

funds

DayawanPetrochemicalInvestmentGroupCo.,Ltd（ShareProportion：20%），HuizhouPortInvestmentGroupCo.,Ltd.（ShareProportion：10%）

term

Power

operation

43,.PublishedinChinaSecuritiesDaily,SecuritiesTimesandhttp//.www.cninfo.com.cn

GuangdongYudeanQimingEnergyCo.,Ltd.

Thermalpower

Capitalincrease

9,000,000

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

-7,175,376

No

Notapplicable

GuangdongYudeanYunhePowerGenerationCo.,Ltd.

Thermalpower

Capitalincrease

58,648,050

90%

SelfFunds

YunfuYundaInvestmentHoldingsCo.,Ltd.（ShareProportion：10%）

Long-term

ElectricPower

Innormaloperation

-60,535,478

No

April22,2022

AnnouncementNo.:2022-16,.PublishedinChinaSecuritiesDaily,SecuritiesTimes,ShanghaiSecuritiesNews,SecuritiesDailyandhttp//.www.cninfo.com.cn

GuangdongYuehuaPowerGenerationCo.,Ltd.

GuangdongYuehuaPowerGenerationCo.,Ltd.

Thermalpower

Capitalincrease

36,310,000

51%

SelfFunds

ChinaHuanengGroupCo.,Ltd.（Shareproportion:：49%）

Long-term

ElectricPower

Innormaloperation

-60,002,560

No

Notapplicable

ShanxiYudeanEnergyCo.,Ltd.

Powergenerationandcoalminedevelopment

Capitalincrease

54,299,600

40%

SelfFunds

GuangdongEnergyGroup（ShareProportion：60%）

Long-term

Electricityandcoal

Innormaloperation

256,410,685

No

Notapplicable

TumushukeYudeanChangheNewEnergyCo.,Ltd.

PhotovoltaicGeneration

Newestablishment

3,500,000

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

2,101

No

Notapplicable

YunfuYudeanZhennengNewEnergyCo.,Ltd.

PhotovoltaicGeneration

Newestablishment

10,000,000

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

0

No

Notapplicable

ZhonggongEnergyTechnology（Maoming）Co.,Ltd.

PhotovoltaicGeneration

Purchase

152,969,360

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

2,830

No

Notapplicable

ZhuhaiYudeanNewEnergyCo.,Ltd.

PhotovoltaicGeneration

Newestablishment

2,740,000

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

-81,582

No

Notapplicable

GuangdongEnergyGroupXingjiangCo.,Ltd.

NewEnergyGeneration

Newestablishment

100,000,000

100%

Selffunds

No

Long-term

ElectricPower

Innormaloperation

-2,019,402

No

December1,2022

AnnouncementNo.:2022-60,.PublishedinChinaSecuritiesDaily,SecuritiesTimes,ShanghaiSecurities

News,SecuritiesDailyandhttp//.www.cninfo.com.cn

														News,SecuritiesDailyandhttp//.www.cninfo.com.cn
GuangdongYudeanTechnologyEngineeringManagementCo.,Ltd.	TechnologyService	Capitalincrease	40,000,000	100%	Selffunds	No	Long-term	ElectricPower	Innormaloperation		-47,278,920	No		Notapplicable
Total	--	--	1,683,063,129	--	--	--	--	--	--	0	357,043,822	--	--	--

3.SituationoftheSignificantNon-equityInvestmentUndergoingintheReportPeriod

□Applicable√Notapplicable

4.InvestmentofFinancialAsset

（1）Securitiesinvestment

√Applicable□Notapplicable

InRMB

Securitycategory	Securitycode	StockAbbreviation:	Initialinvestmentcost	Modeofaccountingmeasurement	Bookvaluebalanceatthebeginningofthereportingperiod	Changesinfairvalueofthethisperiod	Cumulativefairvaluechangesinequity	Purchaseamountinthethisperiod	Saleamountinthethisperiod	Gain/lossofthereportingperiod	Bookvaluebalanceattheendofthereportingperiod	Accountingitems	Sourceoftheshares
Domesticandforeignstocks	HK6963	Sunshineinsurance	356,000,000	FVM	1,695,703,802	-269,400,742	1,070,303,060	0	0	0	1,426,303,060	OtherequityinstrumentInvestment	Selffunds
Domesticandforeignstocks	600642	Shenergy	235,837,988	FVM	304,872,052	83,298,376	152,332,440	0	0	0	388,170,428	OtherequityinstrumentInvestment	Selffunds
Domesticandforeignstocks	000027	ShenzhenEnergy	15,890,628	FVM	96,163,200	3,477,600	83,750,172	0	0	0	99,640,800	Otherequityinstrument	Selffunds

Investment

												Investment
Domesticandforeignstocks	831039	NEEQ	3,600,000	FVM	8,532,000	630,000	5,562,000	0	0	0	9,162,000	OtherequityinstrumentInvestment	Selffunds
Total			611,328,616	--	2,105,271,054	-181,994,766	1,311,947,672	0	0	0	1,923,276,288	--	--
DisclosuredateforthenoticeofapprovalbytheBoard(Ifany)			October31,2019

（2）InvestmentinDerivatives

□Applicable√NotapplicableThecompanyhadnoinvestmentinderivativesinthereportingperiod.

5.Applicationoftheraisedcapital

□Applicable√NotapplicableThecompanyhadnoapplicationoftheraisedcapitalinthereportingperiod.

VII.Salesofmajorassetsandequity

1.SituationofSignificantAssetSale

□Applicable√Notapplicable

None

2.Salesofmajorequity

□Applicable√NotapplicableVIII.AnalysisoftheMainShareHoldingCompaniesandShareParticipatingCompanies

√Applicable□NotapplicableSituationofMainSubsidiariesandtheJoint-stockcompanywithover10%netprofitinfluencingtothecompany

InRMB

CompanyName

CompanyName	Companytype	Sectorsengagedin	Registeredcapital	Totalassets	Netassets	Turnover	Operatingprofit	NetProfit
GuangdongWindPowerGenerationCo.,Ltd.	Subsidiary	Powergenerationandpowerstationconstruction.	3,623,202,870	42,982,947,926	9,749,144,294	1,516,433,478	329,778,200	316,152,530
HuizhouNaturalGascompany	Subsidiary	Powergenerationandpowerstationconstruction.	1,499,347,500	3,515,273,945	2,166,735,228	2,277,405,203	320,919,667	240,714,292
PinghaiPowerGenerationcompany	Subsidiary	Powergenerationandpowerstationconstruction.	1,370,000,000	4,310,548,773	2,239,471,568	2,613,191,641	303,330,352	222,317,841
ShenzhenGuangqianElectricPowerCo.,Ltd.	Subsidiary	Powergenerationandpowerstationconstruction.	1,030,292,500	2,081,585,187	1,903,458,930	865,336,003	285,162,683	211,827,254
GuangdongYudeanJinghaiPowerGenerationCo.,Ltd.	Subsidiary	Powergenerationandpowerstationconstruction.	2,919,272,000	9,012,491,394	2,839,699,055	3,561,337,800	264,818,814	201,412,703
RedBayPowerGenerationcompany	Subsidiary	Powergenerationandpowerstationconstruction.	2,749,750,000	6,817,586,733	2,563,331,683	2,856,474,955	227,453,684	169,901,566
BoheEnergycompany	Subsidiary	Powergenerationandpowerstationconstruction.	3,118,000,000	8,397,628,256	1,665,919,876	1,963,659,434	144,883,334	145,455,744
YuehuaPowerGenrationcompany	Subsidiary	Powergenerationandpowerstation	1,004,714,000	4,400,210,162	659,128,887	695,407,059	-117,779,986	-117,652,078

construction.

		construction.
GuonengYudeanTaishanPowerGenerationCo.,Ltd.	Sharingcompany	Powergenerationandpowerstationconstruction.	4,669,500,000	13,461,042,576	9,925,808,362	6,138,517,716	799,312,320	552,443,285
ShanxiYudeanEnergyCo.,Ltd.	Sharingcompany	Miningandpowergeneration	1,620,749,000	10,799,587,703	8,401,880,078	118,159,035	642,695,846	641,106,524

AcquirementanddisposalofsubsidiariesintheReportingperiod

√Applicable□Notapplicable

Companyname	Wayofacquiringanddisposingofsubsidiarycorporationswithinthereportingperiod	Impactonthewholeproducingoperationandperformance
GuangdongEnergyGroupXinjiangCo.,Ltd.	Invested	Duringthereportingperiod,Duringthereportingperiod,Xinjiangcompany,asaregionalmanagementplatform,wasinthestageofgradualestablishmentandimprovement,whichhadnosignificantinfluenceontheoverallproduction,operationandperformanceofthecompany.
ZhuhaiYudeanNewEnergyCo.,Ltd.	Invested	Duringthereportingperiod,Duringthereportingperiod,ZhuhaiYudeanNewEnergyProjectwasinthepreliminarystage,andtheconstructionwasnotcommenced,whichhadnosignificantinfluenceontheoverallproduction,operationandperformanceofthecompany.
TumushukeYudeanChangheNewEnergyCo.,Ltd.	Invested	Duringthereportingperiod,TumushukeYudeanChangheNewEnergyProjectwasinthepreliminarystage.andtheconstructionwasnotcommenced,whichhadnosignificantinfluenceontheoverallproduction,operationandperformanceofthecompany.
YunfuYudeanZhennengNewEnergyCo.,Ltd.	Invested	Duringthereportingperiod,YunfuYudeanZhennengNewEnergyProjectwasinthepreliminarystage,andconstructionwasstarted.Itisexpectedtobeputintooperationnextyear.
ZhonggongEnergyTechnology（Maoming）Co.,Ltd.	Purchase	Duringthereportingperiod,theZhonggongEnergyTechnologyProjectwasinthepreliminarystage.andtheconstructionwasnotcommenced,whichhadnosignificantinfluenceontheoverallproduction,operationandperformanceofthecompany.

Note

1.Duringthereportingperiod,duetotheyear-on-yeardeclineincoalprices,theprofitabilityofthecompany'sthermalpowerbusinessgraduallyrecovered;

2.Duetotheincreaseofon-gridelectricityinwindpowerbusiness,theoperatingincomehasincreased.However,duetotheendoftrialoperationofwindpowerprojectssuchasinYangjiangandWuxuan,theconstructioninprogresshasbeenconvertedintofixedassetsanddepreciated,andthenetprofithasdecreasedyear-on-year.

3.Benefitingfromthedecreaseincoalprices,thejointstockcompanyGuonengTaishanCompany'soperatingperformancehasimproved,andthecompany'sinvestmentincomehasincreasedby55.79millionyuanyear-on-year,agrowthrateof101%;OneofthesourcesofincomefortheparticipatingcompanyShanxiEnergyCompanyisitsinvestmentincomeincoalmines.Duetothedecreaseincoalprices,ShanxiEnergyCompany's

profitshavedecreasedyear-on-year.Therefore,thecompany'sinvestmentincomeinShanxiEnergyCompanydecreasedby22.45millionyuanyear-on-year,adecreaseof8%.IX．Structuredvehiclecontrolledbythecompany

□Applicable√NotapplicableX.Risksfacingthecompanyandcountermeasures

1.Operatingresultsneedtobefurtherconsolidated

Thisyear,theoverallfuelpriceshowedadownwardtrend,andtheprofitabilityofthecompany'sthermalpowerbusinesscontinuedtorecover,howeversomepowerplantswerestillinastateofcontinuouslosses,andtheoperatingsituationwasnotyetstable.Atpresent,thecompanyisinacriticalperiodof"copingwiththepeakinsummer",andthefuelpricetrendinthesecondhalfoftheyearisstillunclear,thereforeitisuncertainwhetherthecompanycanfurtherconsolidateitsoperatingresultsinthesecondhalfoftheyear.

Countermeasures:First,continuetopromotethe"accurateinventory"strategy,followuptheprogressofelectricityandconsumptioninrealtime,adjustoperatingdecisionsintime,andfurtherimprovetheleveloffuelmanagement;Second,optimizetheprocurementstructure,strengthenthemanagementofcoalblending,andwellensurecoalinventorymanagementduringpeakcopinginsummer;Third,activelyadapttothechangesinthepowermarketingmodel,activelyseekchangesandtakeinitiatives,improvethequalityofmarketingdataanalysisandmanagement,scientificallycoordinatethecompany'selectricitytradingdecisions,andactivelystriveformoreefficientelectricity.

2.Safetymanagementfoundationneedstobestrengthened

Somethermalpowerplantsinthecompanyhavebeenrunningforalongtime,andinthespotmarketenvironment,theunitstartsandstopsfrequently,andtheequipmentfailureproblemisincreasinglynotable,whichaffectsthereliabilityandeconomyofthesafeoperationoftheunit;Somecontractorsdonotpayenoughattentiontoworksafetyandhaveinsufficientsafetymanagementability,thereforethecompany'ssafetymanagementsystemneedstobefurtherimproved.

Countermeasures:First,strengthenthewholelifecyclemanagementandpreventivemanagementofequipment,wellensurethemaintenancequalityandguaranteethestableandreliableoperationoftheunit;Second,improvetheconstructionofsafetymanagementsystem,strengthenthestandardizationconstructionofworksafety,andcompiletheguidancesystemdocuments;Third,strengthenthedebuggingguidanceofinfrastructureprojects,innovatemanagementmethods,strengthencontractormanagement,andensurethesafeandhigh-qualityproductionoftheproject;Fourth,carryoutin-depthinvestigationandrectificationofsafetyhazards,continuetocarryoutspecialinvestigationandrectificationactionsofaccidenthazards,andstrengthenclosed-loopmanagementofhazards.

3.Pressureofpowersupplystructureadjustmentishigh

WiththegraduallandingofChina'scarbonpeakingandcarbonneutralitytarget,thermalpowerwillbetransformedfromthemainpowersupplytothebasicpowersupply,andtheproportionofnewenergyinstalledwillgraduallyincreaseBytheendofJune2023,theinstalledcapacityofthecompany'scoal-firedpowerholdingaccountedfor69.04%,withahighproportion.Duringthe"TenthFive-YearPlan"period,thecompanyhasvigorouslypromotedtheinvestmentandconstructionofcleanenergyprojectsandcontinuouslyoptimizedandadjustedthepowersupplystructure.However,somenewenergyprojectswereaffectedbypolicies,marketsandotherfactors,andtherewerestillgreatvariablesinwhethertheycouldfinallybeimplemented.

Countermeasures:First,adheretothetwo-wheeldriveofbothindependentdevelopmentandmergerandacquisition,andbothcentralizeddevelopmentanddistributeddevelopment,focusonthedevelopmentofnewenergyprojectsinGuangdong,Xinjiang,Hunan,Hebeiandotherregions,andexpandtheregionaldevelopmentinGansu,Shandong,GuangxiandShanxitostrivefortheprojectimplementation;Second,fullypromotetheconstructionprogressofprojectsunderconstruction;Third,strengthenthetalentguaranteeforhigh-qualitydevelopment,holdtrainingcoursesoninfrastructureprojectmanagement,andimprovethewholeprocessmanagementabilityofinfrastructureprojectmanagers.

IV.CorporateGovernanceI.AnnualGeneralMeetingandProvisionalShareholders’MeetingsintheReportingPeriod

1.AnnualGeneralMeeting

Meeting

Meeting	Type	Investorparticipationratio	Conveneddate	Disclosuredate	Indextodisclosedinformation
FirstProvisionalShareholders’generalmeetingof2023	ProvisionalShareholders’generalmeeting	73.93%	March9,2023	March10,2023	AnnouncementNo.:2023-10).PublishedinChinaSecuritiesDaily,SecuritiesTimes,ShanghaiSecuritiesNews,SecuritiesDailyandhttp//.www.cninfo.com.cn
2022Shareholders’generalmeeting	AnnualShareholders’GeneralMeeting	74.04%	April21,2023	April22,2023	AnnouncementNo.:2022-28).PublishedinChinaSecuritiesDaily,SecuritiesTimes,ShanghaiSecuritiesNews,SecuritiesDailyandhttp//.www.cninfo.com.cn

2.PreferredstockholdersrestoredvotingrightstorequesttoconveneProvisionalShareholders’Meeting.

□Applicable√NotapplicableII.Changesindirectors,supervisorsandseniormanagementstaffs

√Applicable□Notapplicable

Name	Positions	Types	Date	Reason
WangJin	Chairman	Dimission	February22,2023	Jobchanges
LiXiaoqing	Director	Dimission	March16,2023	Jobchanges
HeRuxin	Director	Elected	April21,2023

III.Pre-planforprofitallocationandturningcapitalreserveintosharecapitalforthereportingperiod

□Applicable√NotapplicableThecompanyplannednottodistributecashdividendandbonusshare,andnottoconvertcapitalreservesintosharecapitalinhalfyear.IV.Implementationofanyequityincentiveplan,employeestockownershipplanorotherincentivemeasuresforemployees

□Applicable√NotapplicableNone.

V.Environmental&SocialResponsibilityI.SignificantenvironmentalissuesWhetherthecompanyoranyofitssubsidiariesisidentifiedasakeypolluterbytheenvironmentauthorities

√Yes□No

EnvironmentalprotectionrelatedpoliciesandindustrystandardsThecompanyanditssubordinateunitsstrictlyabidebythe"EnvironmentalProtectionLawofthePeople'sRepublicofChina","AtmosphericPollutionPreventionandControlLawofthePeople'sRepublicofChina","WaterPollutionPreventionandControlLawofthePeople'sRepublicofChina","LawofthePeople'sRepublicofChinaonthePreventionandControlofEnvironmentalPollutionofSolidWaste","AirPollutantEmissionStandardsforThermalPowerPlants"(GB13223),"ComprehensiveSewageDischargeStandards"(GB8978)andotherrelevantlaws,regulationsandindustrystandardstocarryoutproductionandbusinessactivities.EnvironmentalprotectionadministrativelicensingThecompanyanditssubsidiariesallhaveobtainedenvironmentalprotectionadministrativepermitsinaccordancewithregulations,andthepollutiondischargepermitsarecurrentlywithinthevalidityperiod.

Companyorsubsidiaryname

Companyorsubsidiaryname	Mainpollutantandspecificpollutanttype	Mainpollutantandspecificpollutantname	Emissionway	Emissionportnumber	Emissionportdistributioncondition	Emissionconcentration	Implementedpollutantemissionstandards	Totalemission	Verifiedtotalemission	Excessiveemissioncondition
ShajiaoApowerplant	Airpollutant	Smoke	Concentratedemissionthroughchimney	1	Withinthefactory	1.64	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	13.32	121.90	No
ShajiaoApowerplant	Airpollutant	SO2	Concentratedemissionthroughchimney	1	Withinthefactory	14.52	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	118.13	426.65	No
ShajiaoApowerplant	Airpollutant	NOX	Concentratedemissionthroughchimney	1	Withinthefactory	29.50	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	240.02	609.50	No
Bohecompany	Airpollutant	Smoke	Concentratedemissionthroughchimney	2	Withinthefactory	1.77	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	27.47	71.50	No
Bohecompany	Airpollutant	SO2	Concentratedemissionthroughchimney	2	Withinthefactory	13.73	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	180.24	973.5	No
Bohecompany	Airpollutant	NOX	Concentratedemissionthroughchimney	2	Withinthefactory	37.57	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	359.16	1122.50	No
DapuPowerPlant	Airpollutant	Smoke	Concentratedemissionthroughchimney	2	Withinthefactory	4.54	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	40.50	593.00	No
DapuPower	Airpollutant	SO2	Concentratedemissionthrough	2	Withinthefactory	11.86	EmissionStandardofAirPollutantsfor	105.89	1447.00	No

Plant

Plant			chimney				ThermalPowerPlants(GB13223-2011)
DapuPowerPlant	Airpollutant	NOX	Concentratedemissionthroughchimney	2	Withinthefactory	40.56	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	362.24	1502.00	No
RedBaycompany	Airpollutant	Smoke	Concentratedemissionthroughchimney	4	Withinthefactory	2.93	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	59.80	1512.00	No
RedBaycompany	Airpollutant	SO2	Concentratedemissionthroughchimney	4	Withinthefactory	11.19	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	248.46	4851.00	No
RedBaycompany	Airpollutant	NOX	Concentratedemissionthroughchimney	4	Withinthefactory	26.84	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	537.72	4851.00	No
Jinghaicompany	Airpollutant	Smoke	Concentratedemissionthroughchimney	4	Withinthefactory	2.31	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	76.22	341.20	No
Jinghaicompany	Airpollutant	SO2	Concentratedemissionthroughchimney	4	Withinthefactory	14.93	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	490.80	1728.40	No
Jinghaicompany	Airpollutant	NOX	Concentratedemissionthroughchimney	4	Withinthefactory	33.40	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	1097.00	2470.00	No
MaomingPowerPlant	Airpollutant	Smoke	Concentratedemissionthroughchimney	2	Withinthefactory	1.01	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	11.52	168.12	No
MaomingPowerPlant	Airpollutant	SO2	Concentratedemissionthroughchimney	2	Withinthefactory	14.02	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	165.07	385.51	No
MaomingPowerPlant	Airpollutant	NOX	Concentratedemissionthroughchimney	2	Withinthefactory	28.98	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	318.68	751.82	No
PinghaiPowerPlant	Airpollutant	Smoke	Concentratedemissionthroughchimney	2	Withinthefactory	2.75	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	46.05	346.00	No
PinghaiPowerPlant	Airpollutant	SO2	Concentratedemissionthroughchimney	2	Withinthefactory	24.00	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	394.06	1670.00	No
PinghaiPowerPlant	Airpollutant	NOX	Concentratedemissionthroughchimney	2	Withinthefactory	39.15	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	628.13	1731	No
ShaoguanPowerGeneration	Airpollutant	Smoke	Concentratedemissionthroughchimney	2	Withinthefactory	2.40	EmissionStandardofAirPollutantsforThermalPowerPlants	29.19	717.78	No

Plant

Plant							(GB13223-2011)
ShaoguanPowerGenerationPlant	Airpollutant	SO2	Concentratedemissionthroughchimney	2	Withinthefactory	16.48	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	199.90	2303.55	No
ShaoguanPowerGenerationPlant	Airpollutant	NOX	Concentratedemissionthroughchimney	2	Withinthefactory	37.56	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	451.92	2254.42	No
YunhePowerGenerationPlant	Airpollutant	Smoke	Concentratedemissionthroughchimney	1	Withinthefactory	2.23	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	9.79	360.00	No
YudeanYunhePowerGenerationPlant	Airpollutant	SO2	Concentratedemissionthroughchimney	1	Withinthefactory	8.91	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	36.82	2400.00	No
YunhePowerGenerationPlant	Airpollutant	NOX	Concentratedemissionthroughchimney	1	Withinthefactory	41.03	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	162.66	2400	No
ZhanjiangElectric	Airpollutant	Smoke	Concentratedemissionthroughchimney	2	Withinthefactory	1.00	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	15.38	528.00	No
ZhanjiangElectric	Airpollutant	SO2	Concentratedemissionthroughchimney	2	Withinthefactory	14.00	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	165.73	1320.00	No
ZhanjiangElectric	Airpollutant	NOX	Concentratedemissionthroughchimney	2	Withinthefactory	37.00	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	449.44	1527.00	No
ZhanjiangZhongyue	Airpollutant	Smoke	Concentratedemissionthroughchimney	2	Withinthefactory	1.09	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	9.88	480.00	No
ZhanjiangZhongyue.	Airpollutant	SO2	Concentratedemissionthroughchimney	2	Withinthefactory	13.96	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	126.62	1200.00	No
ZhanjiangZhongyue	Airpollutant	NOX	Concentratedemissionthroughchimney	2	Withinthefactory	22.40	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	203.14	1078.00	No
Guangqiancompany	Airpollutant	NOX	Concentratedemissionthroughchimney	3	Withinthefactory	10.24	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	71.84	1312.50	No
HuizhouNaturalGas	Airpollutant	Smoke	Concentratedemissionthroughchimney	6	Withinthefactory	0.28	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	4.57	242.61	No
HuizhouNaturalGas	Airpollutant	NOX	Concentratedemissionthroughchimney	6	Withinthefactory	27.90	EmissionStandardofAirPollutantsforThermalPowerPlants	547.06	1774.98	No

(GB13223-2011)

							(GB13223-2011)
YuehuaPowerGeneration	Airpollutant	Smoke	Concentratedemissionthroughchimney	2	Withinthefactory	0.22	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	2.49	81.80	No
YuehuaPowerGeneration	Airpollutant	SO2	Concentratedemissionthroughchimney	2	Withinthefactory	0.37	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	2.62	27.54	No
YuehuaPowerGeneration	Airpollutant	NOX	Concentratedemissionthroughchimney	2	Withinthefactory	38.53	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	224.38	1367.55	No
XinhuiPowerGeneration	Airpollutant	Smoke	Concentratedemissionthroughchimney	2	Withinthefactory	0.06	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	0.28	171.32	No
XinhuiPowerGeneration	Airpollutant	SO2	Concentratedemissionthroughchimney	2	Withinthefactory	0.07	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	0.31	90.00	No
XinhuiPowerGeneration	Airpollutant	NOX	Concentratedemissionthroughchimney	2	Withinthefactory	33.22	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	153.25	2208.00	No
TumushukeThermoelectric	Airpollutant	Smoke	Concentratedemissionthroughchimney	1	Withinthefactory	2.48	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	19.68	135.00	No
TumushukeThermoelectricCo.,Ltd	Airpollutant	SO2	Concentratedemissionthroughchimney	1	Withinthefactory	10.34	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	76.82	474.00	No
TumushukeThermoelectric	Airpollutant	NOX	Concentratedemissionthroughchimney	1	Withinthefactory	32.54	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	257.28	675.00	No
ShajiaoC	Airpollutant	Smoke	Concentratedemissionthroughchimney	3	Withinthefactory	1.58	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	20.39	277.80	No
ShajiaoC	Airpollutant	SO2	Concentratedemissionthroughchimney	3	Withinthefactory	14.81	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	191.16	972.30	No
ShajiaoC	Airpollutant	NOX	Concentratedemissionthroughchimney	3	Withinthefactory	33.00	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	425.94	1389.00	No
Huaducompany	Airpollutant	Smoke	Concentratedemissionthroughchimney	3	Withinthefactory	0.09	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	0.02	92.40	No
Huaducompany	Airpollutant	SO2	Concentratedemissionthroughchimney	3	Withinthefactory	0.037	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	0.49	6.70	No

Huaducompany

Huaducompany	Airpollutant	NOX	Concentratedemissionthroughchimney	3	Withinthefactory	30.54	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	202.30	586.60	No
ZhanjiangBiomassPowerGeneration	Airpollutant	Smoke	Concentratedemissionthroughchimney	2	Withinthefactory	9.69	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	12.30	80.94	No
ZhanjiangBiomassPowerGeneration	Airpollutant	SO2	Concentratedemissionthroughchimney	2	Withinthefactory	1.73	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	3.96	183.00	No
ZhanjiangBiomassPowerGeneration	Airpollutant	NOX	Concentratedemissionthroughchimney	2	Withinthefactory	104.10	EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)	138.89	397.00	No

Treatmentofcontaminants

Inthefirsthalfof2023,thecompanysteadilypromotedtherenovationprojectofreplacingliquidammoniawithurea,vigorouslypromotedtheflowthroughrenovationoflargeunits,andincreasedinvestmentindesulfurization,denitrification,dustremoval,andzerodischargewastewaterequipmenttoreducepollutantemissions.Duringthereportingperiod,thecompany'svariousemissionindicatorswerebetterthantheindustryaverage.Inaddition,thecompanyadherestothegoalofbuildingaresource-savingandenvironmentallyfriendlyenterprise,andactivelypromotestheupgradingandrenovationofexistingcoal-firedpowergenerationunitsinaplannedandstep-by-stepmannerbyformulatingandimplementingmeasurestoimproveenergyconsumptionmanagement,optimizeoperation,manageequipment,andimprovemaintenancetechnology,strivingtoreducetheemissionintensityofcoal-firedunits.EmergencyplanforemergencyenvironmentalincidentsCombiningwiththeEnvironmentalProtectionLawofthePeople'sRepublicofChinaandtheOpinionsoftheMinistryofEnvironmentalProtectiononStrengtheningEnvironmentalEmergencyManagementWorkandotherlawsandregulationsonthemonitoringofenvironmentalrisks,thecompany’ssubordinatepowergenerationenterpriseshaveformulatedtheEmergencyPlanforEmergencyEnvironmentalIncidentsaccordingtotheiractualconditions,whichhasstandardizedandimprovedthehandlingofemergentenvironmentaleventsfromtheaspectsofenvironmentalaccidentriskanalysis,emergencycommandorganizationandresponsibilities,disposalprocedures,anddisposalmeasures,improvedtheabilitytorespondtounexpectedenvironmentalevents,andensuredthatafteranoutbreakofanenvironmentalincident,thecompanycanorganizeemergencyrescueworkinatimely,orderlyandefficientmannertopreventpollutionofthesurroundingenvironment,minimizethedamageandsocialharmcausedbytheincident,maintainsocialstability,andprotectpublichealthandpropertysafety.InvestmentinenvironmentalgovernanceandprotectionandpaymentofenvironmentalprotectiontaxInthefirsthalfof2023,Thecompanypurchaseddesulfurizationanddenitrationmaterialstotalingabout

127.74millionyuan,Thecompanypaidenvironmentalprotectiontaxof7.14millionyuan.Environmentalself-monitoringprogram

Duringthereportingperiod,theaffiliatedpowergenerationenterprisesofthecompanydisclosed

environmentalinformationandtheirsupervisionandmanagementactivitiesinaccordancewiththerequirementsoflawsandregulationssuchastheChina'sAdministrativeMeasuresforLegalDisclosureofEnterpriseEnvironmentalInformation(OrderNo.24ofMinistryofEcologyandEnvironment),preparedannualenvironmentalinformationdisclosurereportsanduploadedthemtotheenterpriseenvironmentalinformationdisclosuresystem,withthepublicationratereaching100%.AdministrativepenaltiesforenvironmentalproblemsduringthereportingperiodNoneOtherenvironmentalinformationthatshouldbedisclosedNoneMeasuresandeffectstakentoreduceitscarbonemissionsduringthereportingperiod

√Applicable□Notapplicable

Inthefirsthalfof2023,thecompanyinstalled67,500kilowattsofnewenergy,allofwhichareofphotovoltaicprojects,whichisestimatedtocontributecleanenergybyabout126millionkWheveryyear,savestandardcoalbyabout39,300tonsofandreducecarbondioxideemissionsbyabout105,800tons,whichisequivalenttorebuilding267hectaresofforest.Itisofgreatsignificancetooptimizetheregionalenergystructureandlayoutandpromotethecompanytobuildaclean,low-carbon,safeandefficientenergysystem.InordertoimplementtherequirementsoftheStateCouncil'sNoticeontheComprehensiveWorkPlanforEnergyConservationandEmissionReductioninthe14thFive-YearPlan(GF[2021]No.33)andotherdocuments,vigorouslypromotetheenergyconservationandemissionreductionofcoal-firedpowerunits,promotethecleanandlow-carbontransformationofthepowerindustry,andhelpachievethegoalofpeakemissionandcarbonneutralityasscheduled,thecompanyhasformulatedtheimplementationplanforenergyconservationandemissionreductioninthe14thFive-YearPlanbasedontheactualsituation.OtherinformationrelatedtoenvironmentalprotectionNone

Thecompanyshallcomplywiththedisclosurerequirementsofpower-relatedindustriesintheGuidelineNo.3forSelf-regulationofListedCompaniesofShenzhenStockExchange-IndustryInformationDisclosure.

1.ThecompanyhasstrictlyabodebytheEnvironmentalProtectionLawofPeople'sRepublicofChina,theLawofthePeople'sRepublicofChinaonthePreventionandControlofAtmosphericPollution,theLawofthePeople'sRepublicofChinaonthePreventionandControlofWaterPollutionandtheLawofthePeople'sRepublicofChinaonPreventionandControlofEnvironmentalPollutionbySolidWastetocarryoutproductionandbusinessactivities.Inthefirsthalfof2023,thecompany'sthermalpowerplant'soperatingexpensesforimplementingenvironmentalprotectionpoliciesandregulationsweremainlyduetothepurchaseoflimestoneanddenitrationmaterials,totalingaboutRMB127.74million.

2.Inthefirsthalfof2023,thestandardcoalconsumptionofthecompany'sthermalpowerplantwas

299.59g/kWh,thesulfurdioxideemissionperformancevaluewas0.035g/kWh,thenitrogenoxideemission

performancevaluewas0.097g/kWh,andthesootemissionperformancevaluewas0.006g/kWh.Including:theoperationrateofdesulfurizationdeviceof100%,withanaveragedesulfurizationefficiencyof99.17%;theaverageoperationrateofdenitrationdeviceof99.83%,withanaveragedenitrationefficiencyof89.37%;and

theoperationrateofdrydedustingdeviceof99.96%,withanaveragededustingefficiencyof99.88%.InformationrelatedtoenvironmentalaccidentsofthelistedcompanyInthefirsthalfof2023,therewerenoenvironmentalaccidentsinthecompany.II.Socialresponsibilities

1.JinghaicompanyhelpedJishuiGeshanVillageInthefirsthalfof2023,JinghaiPowerGenerationcompanyearnestlyfulfilleditssocialresponsibilities,alwayskeptinmindtheresponsibilityofstate-ownedenterprises,activelygivefullplaytotheresourceadvantagesofstate-ownedenterprises,andpromotedactivitiessuchastargetedpovertyalleviation,educationdonationandlovedonationbasedontheactualsituationofGeshanVillage;mobilizedallcadresandemployeestodonatemorethanRMB30,000tohelplocalafforestationandgreeningactions;assistedthelocalauthoritiesinfirerescueandmaritimesearchandrescue;andactivelycooperatedwiththeGeshanVillageCommitteetocarryout"ruralrevitalization"activitiesinvariousforms,withdonationstotalingmorethanRMB10,000.

2.RedBaycompanyhelpedJishuiVillageinBawanTownRedBayPowerGenerationcompanyhascarriedoutsolidassistanceworkinthetown,andactivelyintroducedChinaEnergyEngineeringGroupGuangdongElectricPowerDesignInstituteCo.,Ltd.todesignandbuildroofphotovoltaicpowergenerationprojectofJishuiVillageCommittee,whichisexpectedtoincreasetheeconomicincomeofJishuiVillagebyaboutRMB20,000peryear.Inaddition,thecompanymadefulluseoftheruralrevitalizationassistancefundofRMB180,000tobuildavideomonitoringsysteminJishuiVillagetohelpsolvetheproblemofpeople'ssafeconstructioninJishuiVillage.

3.YunhePowerGenerationcompanyhelpedYaoguTowninYunfuCityYunhePowerGenerationcompanyorganizedthe"6?30"donationcampaignforpovertyalleviation,andthedonationswerefullyusedtoinvestintheruralrevitalizationofYaoguTown,mainlyfortheimprovementandrestorationoffarmlandirrigationcanals.Atthesametime,thecompanyactivelypromotedtheYaogu33MWPhotovoltaicCompoundProject.Atpresent,ithascompletedtheinquiryforlandselectionandsignedaletterofintentforlandlease,andsignedacooperationframeworkagreementwiththegovernment.Thisprojectisconducivetopromotinglocaleconomicdevelopmentandhelpingruralrevitalization.

4.ZhanjiangWindPowercompanyhelpedJinheTowninXuwenCountyZhanjiangWindPowercompanyhasgivenfullplaytothetechnicalexperienceadvantagesofstate-ownedenergyenterpriseinprojectdevelopmentandconstruction,productionandoperationmanagement,andusedtheresourceendowmentandpolicysupportofJinheTowntovigorouslypromotethedevelopmentandconstructionofnewenergyprojectssuchasoffshorewindpower,energystorageandphotovoltaicpower,andcreateademonstrationandmodelfordeepeningtheruralenergyrevolutionandhelpingtorealizeruralrevitalizationaccordingtolocalconditions.

5.ZhanjiangBiomassPowerGenerationcompanyhelpedGangmenTownZhanjiangBiomassPowerGenerationcompanyhasgivenfullplaytothesocialbenefitsof"benefitingthepeopleandbenefitingfarmers",putforwardarealandfeasiblefuelpurchaseandsaleplantoitshelpedvillagesandtownsincombinationwiththeactualsituationofthecompany'sruralrevitalizationstation,definedthebiomassfuelsupplierstopurchasetheagriculturalandforestrybiomassfuelsforitshelpedvillagesandtowns,andincreasedtheemploymentandincomeoffarmersinthevillagesandtowns.Atthesametime,itsenttechnicianstoprovidetechnicalguidanceontheprocessingandstorageofbiomassfuelsinthehelpedvillagesandtownsformanytimes,soastoimprovefarmers'operatingskillsandworkefficiency.

6.DabuPowerPlanthelpedHuilaiJinghaiTownInordertowellensureassistingvillagesandtowns,DapuPowerGenerationcompanyselectedMr.GuoJie,theDeputyGeneralManagerofthecompany,asthefirstsecretaryinvillageandamemberoftheassistanceworkteamintown,toactivelypromoteruralrevitalizationinJinghaiTown,HuilaiCounty,JieyangCity.OntheGuangdongPovertyAlleviationDayin2023,thecompanyactivelycarriedoutanactivitytohelpruralrevitalization,andraisedatotalofRMB61,200tosupportruralrevitalization.

7.ShaoguanPowerPlanthelpedRuyuanDongpingTownInthefirsthalfof2023,ShaoguanPowerGenerationcompanyactivelypromotedthedevelopmentoflocalindustriesinDongpingTownandassistedthelocalintroductionofChineseherbalmedicines;extendedtheteaindustrychainandbuiltanewteaprocessingfactory;increasedtheinvestmentingingerindustryandbuiltagingerbrand.Atthesametime,thecompany'stradeunionactivelycarriedoutconsumerassistanceprocurementactivitiestobroadenthesalesoflocalagriculturalandsidelineproductsandincreasefarmers'income.Uptonow,thetotalexpensesonassistancehavereachedmorethanRMB75,000,effectivelysolvingtheproblemofincreasingfarmers'incomeandlayingasolidfoundationfortheindustrialrevitalizationofDongpingTown.

VI.ImportantEventsI.Thefulfilledcommitmentsinthereportingperiodandunder-fulfillmentcommitmentsbytheendofthereportingperiodmadebythecompany,shareholder,actualcontroller,acquirer,director,supervisor,seniormanagementpersonnelandotherrelatedparities.

□Applicable√NotapplicableThereisnocommitmentthathasnotbeenfulfilledbyactualcontroller,shareholders,relatedparties,acquirersofthecompanyII.Particularsaboutthenon-operatingoccupationoffundsbythecontrollingshareholder

□Applicable√NotapplicableNoneIII.Illegalprovisionofguaranteesforexternalparties

□Applicable√NotapplicableNoneIV.EngagementanddisengagementofCPAsfirmWhetherthesemi-annualfinancialreporthasbeenaudited

□Yes√NoThesemi-annualfinancialreportofthecompanyhasnotbeenauditedV.Notesfor“non-standardauditreport”ofCPAsfirmduringtheReportingPeriodbyboardofdirectorsandsupervisoryboard

□Applicable√NotapplicableVI.Notesfortherelatedinformationof“non-standardauditreports”lastyearbyboardofdirectors

□Applicable√NotapplicableVII.Bankruptcyandrestructuring

□Applicable√NotapplicableNosuchcasesinthereportingperiod.

VIII.LitigationsandarbitrationsSignificantlitigationsandarbitrations

□Applicable√NotapplicableNosuchcasesinthereportingperiod.Otherlawsuits

□Applicable√NotapplicableIX.Punishmentsandrectifications

□Applicable√NotapplicableX.Creditconditionsofthecompanyaswellasitscontrollingshareholderandactualcontroller

□Applicable√NotapplicableXI.Materialrelatedtransactions

1.Relatedtransactionsinconnectionwithdailyoperation

□Applicable√NotapplicablePleasereferto"7.Othersignificantrelatedpartytransactions"fortherelatedtransactionsrelatedtothedailyoperationofthecompanyduringthereportingperiod.

2.Related-partytransactionsarisingfromassetacquisitionorsold

□Applicable√NotapplicableNosuchcasesinthereportingperiod.

3.Related-partytransitionswithjointinvestments

□Applicable√NotapplicableNosuchcasesinthereportingperiod.

4.Creditsandliabilitieswithrelatedparties

□Applicable√NotapplicableNosuchcasesinthereportingperiod.

5.Transactionswithrelatedfinancecompany,especiallyonethatiscontrolledbythecompany

√Applicable□NotapplicableDepositbusiness

Relatedparty

Relatedparty	Relationship	Maximumdailydepositlimitd（Tenthousandyuan）	Depositinterestraterange	Beginningbalance（Tenthousandyuan）	Theamountincurred		Endingbalance（Tenthousandyuan）
					Totaldepositamountofthecurrentperiod（Tenthousandyuan）	Totalamountwithdrawninthecurrentperiod（Tenthousandyuan）
GuangdongEnergyGroupCo.,Ltd.	ControlledbyGuangdongEnergyGroup	1,300,000	0.2%-0.25%	874,062	5,961,534	5,906,505	929,091

Loanbusiness

Relatedparty	Relationship	Loanlimit（Tenthousandyuan）	Loantinterestraterange	Beginningbalance（Tenthousandyuan）	Theamountincurred		Endingbalance（Tenthousandyuan）
					Totalloanamountforthecurrentperiod（Tenthousandyuan）	Totalrepaymentamountofthisperiod（Tenthousandyuan）
GuangdongEnergyGroupCo.,Ltd.	ControlledbyGuangdongEnergyGroup	3,700,000	2.65%-4.06%	990,809	488,980	482,111	997,678

Creditextensionorotherfinancialservices

Relatedparty	Relationship	Businesstype	Totalamount（Tenthousandyuan）	Actualamountincurred（Tenthousandyuan）
GuangdongEnergyGroupCo.,Ltd.	ControlledbyGuangdongEnergyGroup	Credit	3,700,000	997,678

6.Transactionswithrelatedfinancecompanycontrolledbythecompany

□Applicable√NotapplicableNosuchcasesinthereportingperiod.

7.Othersignificantrelated-partytransactions

√Applicable□Notapplicable

(1)Inordertoimprovetheefficiencyofcapitaluse,the12thmeetingoftheTenthBoardofDirectorsofthecompanydeliberatedonFebruary20,2023,andagreedthatGuangdongYudeanBoheEnergyCo.,Ltd.wouldreducethecapitalofthephaseIpowerplantprojectandthewharfprojectbynomorethanRMB3.103billion,andbyreductionincapitalcontributionofthesameproportionforshareholders.

（2）2023dailyrelatedtransactionswerecarriedoutafterexaminationandapprovalby2023firstprovisionalshareholders'generalmeeting.Referto(5)RelatedtransactionsofXII.RelationshipbetweenrelatedpartiesandthetransactionsbetweenthemoftheFinancialReportofthisreportfordetails.

（3）OnFebruary20,2023,the12thmeetingoftheTenthBoardofDirectorsofthecompanydeliberatedandpassedtheProposalonDailyRelatedTransactionsbetweenthecompanyandGuangdongEnergyGroupCo.,Ltd.,theProposalonSigningthe"FinancialServicesFrameworkAgreement"withGuangdongEnergyGroupFinanceCo.,Ltd.andtheProposalonSigningthe"FinancialLeasingCooperationFrameworkAgreement"with

GuangdongEnergyFinanceLeasingCo.,Ltd.,andtheaboverelatedtransactionsweredeliberatedandpassedbythefirstextraordinarygeneralmeetingofshareholdersin2023.

（4）Inordertoimprovethepowersupplyguaranteecapacity,increasethescaleofadvancedcleancoal-firedpowerandpromotethecompany'ssustainabledevelopment,thefirstcommunicationmeetingoftheTenthBoardofDirectorsofthecompanyin2023deliberatedandpassedtheProposalonInvestmentintheExpansionProjectofUnits5and6(2×1000MW)inShanweiPowerPlantPhaseIIonMarch15,2023,andagreedthatGuangdongRedBayPowerGenerationCo.,Ltd.wouldinvestintheexpansionprojectofUnits5and6inShanweiPowerPlantPhaseII.Theconstructionscaleoftheprojectistwo1millionkilowattultra-supercriticalsecondaryreheatcoal-firedpowerunits,withthetotaldynamicinvestmentcontrolledwithinRMB7,864.37million,andthecapitalissetatRMB1,572.87millionaccordingto20%ofthetotaldynamicinvestment.ThecompanyneedstocontributeaboutRMB1,022.37millionaccordingtothe65%equityratio,andthefunddemandotherthancapitalissolvedbybankfinancing.

（5）InordertoprotecttheinterestsofthecompanyanditsholdingsubsidiaryPinghaiPowerPlant,the13thmeetingoftheTenthBoardofDirectorsofthecompanydeliberatedandagreedonMarch30,2023thatPinghaiPowerPlantandHuizhouLNGCo.,Ltd.wouldsignacompensationagreement,andHuizhouLNGcompanywouldpaycompensationofRMB177,384,900toPinghaiPowerPlant.Websitefortemporarydisclosureoftheconnectedtransaction

Announcement

Announcement	Dateofdisclosure	Websitefordisclosure
AnnouncementontherelatedpartytransactionofGuangdongYudeanBoheEnergyCo.,Ltdreducingitscapital	February22,2023	http//www.cninfo.com.cn.
EstimatesannouncementoftheDailyRelatedPartyTransactionsof2023	February22,2023	http//www.cninfo.com.cn.
AnnouncementofRelatedTransactionsonSigningoftheFinancialServicesFrameworkAgreement,FrameworkAgreementonFinancingLeasingCooperationandFrameworkAgreementonCooperationinInsuranceandRiskManagementServices	February22,2023	http//www.cninfo.com.cn.
AnnouncementofResolutionsoftheFirstprovisionalshareholders'generalmeetingof2023	March10,2023	http//www.cninfo.com.cn.
AnnouncementontheinvestmentandconstructionofShanweiPowerPlantUnit5andUnit6(2×1000MW)expansionprojectnamelytherelatedtransaction	March16,2023	http//www.cninfo.com.cn.
AnnouncementonRelatedPartyTransactionsofTheCompensationAgreementsignedbetweenPinghaiPowerPlantandHuizhouLNGCo.,Ltd.	April1,2023	http//www.cninfo.com.cn.

XII.Significantcontractsandexecution

1.Entrustments,contractingandleasing

（1）Entrustment

√Applicable□NotapplicableStatementofTrusteeshipSituation:

AccordingtothestatementofGuangdongEnergyGrouponfulfillingrelevantmatters,andtoavoidthehorizontalcompetitionandfulfilltherelevantcommitmentofthehorizontalcompetition,thecompanysignedStockTrusteeshipAgreementwithGuangdongEnergyGroup,whereintheshareholder'srightswithinthetrusteeshiprange,excepttheownership,rightofearningandrightofdisposition,willbetrustedtothecompany,whichispredictedtocharge245,000yuanastrusteefeeperyear.Seedetailsatthe"RelatedTransactionAnnouncementonStockTrusteeshipAgreementsignedwithGuangdongYudeanGroupCo.,Ltd."publishedbythecompanyinChinaSecuritiesDaily,SecuritiesTimesandhttp://www.cninfo.com.cnonJanuary13,2018(AnnouncementNo.2018-04);Inthefirsthalfof2023,thecompanyconfirmedacustodyincomeofRMB

900,000.Gains/lossestothecompanyfromprojectsthatreachedover10%intotalprofitofthecompanyinreportingperiod

□Applicable√NotapplicableNogainsorlossestothecompanyfromprojectsthatreachedover10%intotalprofitofthecompanyinreportingperiod

(2)Contract

□Applicable√NotapplicableNoanycontractforthecompanyinthereportingperiod.

(3)Lease

□Applicable√Notapplicable

NoteAsthelessee,thecompanyhasincurredarentalfeeofRMB14,334,456inthisyear.Projectwhichgeneratesprofitorlossreachingover10%oftotalprofitsofthecompanyduringtheReportingPeriod

□Applicable√NotapplicableTherewerenoleaseswitha10%orgreaterimpactonthecompany’sgrossprofitintheReportingPeriod.

2.SignificantGuarantees

√Applicable□Notapplicable

InRMB10,000

Guaranteeofthecompanyforthecontrollingsubsidiaries(Excludecontrolledsubsidiaries)

Guaranteeofthecompanyforthecontrollingsubsidiaries(Excludecontrolledsubsidiaries)

Nameofthecompany

Relevantdisclosuredate/No.oftheguaranteedamount

AmountofGuarantee

Dateofhappening(Dateofsigningagreement)

Actualmountofguarantee

Guaranteetype

Guaranty（Ifany）

Counter-guarantee（Ifany）

Guaranteeterm

Completeimplementationornot

Guaranteeforassociatedparties(Yesorno)

GuangdongEnergyGroupCo.,Ltd.

October29,2020

200,000

November19,2020

194,736

Guaranteeingofjointliabilities.

No

GuangdongYudeanYangjiangOffshorewindpowerCo.,Ltd.providesjointandseveralliabilityguaranteecounter-guarantee

23yearsand9months

No

Yes

Totalamountofapprovedexternalguaranteeinthereportperiod(A1)

0

Totalactuallyamountofexternalguaranteeinthereportperiod(A2)

-5,264

Totalamountofapprovedexternalguaranteeattheendofthereportperiod(A3)

425,459

Totalactuallyamountofexternalguaranteeattheendofthereportperiod(A4)

194,736

Guaranteeofthecompanyforitssubsidiaries

Nameofthecompany

Relevantdisclosuredate/No.of

AmountofGuarantee

Dateofhappening(Dateofsigningagreement)

Actualmountofguarantee

Guaranteetype

Guaranty（Ifany）

Counter-guarantee（Ifany）

Guaranteeterm

Completeimplementationornot

Guaranteeforass

theguaranteedamount

theguaranteedamount

ociatedparties(Yesorno)

ZhanjiangWindPowerGenerationCo.,Ltd.

April29,2009

18,572

October9,2010

4,703

Guaranteeingofjoint

No

No

18years

No

No

GuangdongWindPowerGenerationCo.,Ltd.

August31,2022

200,000

September26,2022

60,000

Guaranteeingofjoint

No

No

ThedurationofeachissueofcorporatebondsundertheregistrationapprovalofGuangdongWindPowerGenerationCo.,Ltd.willendonthedaythatistwoyearsafterthelatestduedateofthecorporatebond.

No

No

Totalofguaranteeforsubsidiariesapprovedintheperiod(B1)

0

Totalofactualguaranteeforsubsidiariesintheperiod(B2)

59,831

Totalofguaranteeforsubsidiariesapprovedatperiod-end(B3)

441,536

Totalofactualguaranteeforsubsidiariesatperiod-end(B4)

64,703

Guaranteeofthesubsidiariesforthecontrollingsubsidiaries

Nameofthecompany

Relevantdisclosuredate/No.oftheguaranteedamount

AmountofGuarantee

Dateofhappening(Dateofsigningagreement)

Actualmountofguarantee

Guaranteetype

Guaranty（Ifany）

Counter-guarantee（Ifany）

Guaranteeterm

Completeimplementationornot

Guaranteeforassociatedparties(Yesorno)

Thecompany’stotalguarantee(i.e.totalofthefirstthreemainitems)

Thecompany’stotalguarantee(i.e.totalofthefirstthreemainitems)
Totalguaranteequotaapprovedinthereportingperiod（A1+B1+C1）	0		Totalamountofguaranteeactuallyincurredinthereportingperiod（A2+B2+C2）	54,567
Totalguaranteequotaalreadyapprovedattheendofthereportingperiod（A3+B3+C3）	866,995		Totalbalanceoftheactualguaranteeattheendofthereportingperiod（A4+B4+C4）	259,439
Theproportionofthetotalamountofactuallyguaranteeinthenetassetsofthecompany(thatisA4+B4+C4）%			12.26%
Including：
Amountofguaranteesprovidedforshareholders,theactualcontrollerandtheirrelatedparties(D)		194,736
Amountofdebtguaranteesprovideddirectlyorindirectlyforentitieswithaliability-to-assetratioover70%(E)		60,000
Proportionoftotalamountof		0

guaranteeinnetassetsofthecompanyexceed50%（F）

guaranteeinnetassetsofthecompanyexceed50%（F）
Totalamountofthethreekindsofguaranteesabove(D+E+F)	254,736
Explanationsonpossiblybearingjointandseveralliquidatingresponsibilitiesforundueguarantees(ifany)	No
Explanationsonexternalguaranteeagainstregulatedprocedures(ifany)	No

3.Financemanagementoncommission

□Applicable√NotapplicableNosuchcasesinthereportingperiod.

4.Othersignificantcontract

□Applicable√NotapplicableNosuchcasesinthereportingperiod.XIII.Explanationonothersignificantevents

□Applicable√NotapplicableNosuchcasesinthereportingperiod.XIV.Significanteventofsubsidiaryofthecompany

□Applicable√Notapplicable

VII.ChangeofsharecapitalandshareholdingofPrincipalShareholdersI.Changesinsharecapital

1.Changesinsharecapital

Inshares

Beforethechange

	Beforethechange		Increase/decrease（+，-）					AftertheChange
	Amount	Proportion	Shareallotment	Bonusshares	Capitalizationofcommonreservefund	Other	Subtotal	Quantity	Proportion
I.Sharewithconditionalsubscription	1,897,963,287	36.15%					1,000	1,897,964,287	36.15%
1.State-ownedshares
2.State-ownedlegalpersonshares	1,893,374,517	36.06%					0	1,893,374,517	36.06%
3.Otherdomesticshares	4,588,770	0.09%					1,000	4,589,770	0.09%
Ofwhich：Domesticlegalpersonshares	3,535,770	0.07%					0	3,535,770	0.07%
Domesticnaturalpersonshares	1,053,000	0.02%					1,000	1,054,000	0.02%
4.Foreignshares
Ofwhich：Foreignlegalpersonshares
Foreignnaturalpersonshares
II.Shareswithunconditionalsubscription	3,352,320,699	63.85%					-1,000	3,352,319,699	63.85%
1.CommonsharesinRMB	2,553,912,699	48.64%					-1,000	2,553,911,699	48.64%
2.Foreignsharesindomesticmarket	798,408,000	15.21%					0	798,408,000	15.21%
3.Foreignsharesinforeignmarket
4.Other
III.Totalofcapitalshares	5,250,283,986	100%					0	5,250,283,986	100%

Reasonsforsharechanged

√Applicable□Notapplicable

InMarch,2023,Mr.WangJin,theformerchairmanofthecompany,purchased1,000Asharesofthecompany,andtheseAshareshavebeenconvertedintoexecutivelock-inshares,thereforethenumberofrestrictedsharesofthecompanyhascorrespondinglyincreased.ApprovalofChangeofShares

□Applicable√NotapplicableOwnershiptransferofsharechanges

□Applicable√NotapplicableProgressonanysharerepurchase:

□Applicable√NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding:

□Applicable√NotapplicableInfluenceonthebasicEPSanddilutedEPSaswellasotherfinancialindexesofnetassetspershareattributabletocommonshareholdersofcompanyinlatestyearandperiod

□Applicable√NotapplicableOtherinformationnecessarytodiscloseforthecompanyorneedtodisclosedunderrequirementfromsecurityregulators

□Applicable√Notapplicable

2.Changeofshareswithlimitedsalescondition

√Applicable□Notapplicable

InShares

Shareholder

Shareholder	Numberofrestrictedsharesatthebeginning	Numberofrestrictedsharesinincreasedthisperiod	Numberofrestrictedsharesreleasedinthisperiod	Numberofrestrictedsharesattheendoftheperiod	Reasonsforsalesrestriction	Releasedateofsalesrestriction
WangJin	0	0	1,000	1,000	Executivelock-inshares	September2023
Total	0	0	1,000	1,000	--	--

II.Securitiesissueandlisting

□Applicable√NotapplicableIII.Numberofshareholdersandshareholding

InShares

Totalnumberofcommonshareholdersattheendofthereportingperiod	101,889			Totalnumberofpreferredshareholdersthathadrestoredthevotingrightattheendofthereportingperiod(ifany)(note8)				0
Particularsaboutsharesheldabove5%byshareholdersortoptenshareholders
Shareholders		Natureofshareholder	Proportionofsharesheld（%）		Numberofsharesheldatperiod-end	Changesinreportingperiod	Amountofrestrictedsharesheld	Amountofun-restrictedsharesheld	Numberofsharepledged/frozen
									Stateofshare	Amount
GuangdongEnergyGroupCo.,Ltd.		State-ownedlegalperson	67.39%		3,538,037,181	0	1,893,374,517	1,644,662,664
GuangzhouDevelopmentGroupCo.,Ltd.		State-ownedlegalperson	2.22%		116,693,602	0	0	116,693,602
GuangdongElectricPowerDevelopmentCorporation		State-ownedlegalperson	1.80%		94,367,341	0	0	94,367,341
ICBC－BankofCommunicationsSchroderstrendpreferredhybridsecuritiesinvestmentfund		DomesticNon-Stateownedlegalperson	0.94%		49,150,299	-1,443,100	0	49,150,299
ZhengJianxiang		DomesticNaturalperson	0.50%		26,234,500	0	0	26,234,500
VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND		OverseasLegalperson	0.30%		15,855,512	0	0	15,855,512
HKSCC		OverseasLegalperson	0.29%		15,306,333	4,672,711	0	15,306,333

CHINAINTERNATIONALCAPITALCORPORATIONHONGKONGSECURITIESLTD

CHINAINTERNATIONALCAPITALCORPORATIONHONGKONGSECURITIESLTD	OverseasLegalperson	0.29%	15,216,066		0	0		15,216,066
BankofCommunicationsCo.,Ltd－Yongyinglong-termvaluehybridsecuritiesinvestmentfund	DomesticNon-Stateownedlegalperson	0.26%	13,556,677		13,556,677	0		13,556,677
NOMURASINGAPORELIMITED	OverseasLegalperson	0.24%	12,599,843		0	0		12,599,843
Strategyinvestorsorgenerallegalpersonbecomestop10shareholdersduetorightsissued(ifapplicable)（SeeNotes3）	Notapplicable
Explanationonassociatedrelationshipamongtheaforesaidshareholders	TheThirdlargestshareholderGuangdongElectricPowerDevelopmentCorporationisthewholly-ownedsubsidiariesofthelargestshareholderEnergyGroup.Thesetwocompanieshaverelationships;whethertheothershareholdershaverelationshipsorunanimousactingwasunknown
Aboveshareholdersentrustingorentrustedwithvotingrights,orwaivingvotingrights	Notapplicable
Top10shareholdersincludingthespecialaccountforrepurchase(ifany)(seenote10)	Notapplicable
Shareholdingoftop10shareholdersofunrestrictedshares
Nameoftheshareholder				Quantityofunrestrictedsharesheldattheendofthereportingperiod			Sharetype
							Sharetype		Quantity
GuangdongEnergyGroupCo.,Ltd.				1,644,662,664			RMBCommonshares		1,644,662,664
GuangzhouDevelopmentGroupCo.,Ltd.				116,693,602			RMBCommonshares		116,693,602
GuangdongElectricPowerDevelopmentCorporation				94,367,341			RMBCommonshares		94,367,341
ICBC－BankofCommunicationsSchroderstrendpreferredhybridsecuritiesinvestmentfund				49,150,299			RMBCommonshares		49,150,299
ZhengJianxiang				26,234,500			Foreignsharesplacedindomesticexchange		26,234,500
VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND				15,855,512			Foreignsharesplacedindomesticexchange		15,855,512
HKSCC				15,306,333			RMBCommonshares		15,306,333
CHINAINTERNATIONALCAPITALCORPORATIONHONGKONGSECURITIESLTD				15,216,066			Foreignsharesplacedindomesticexchange		15,216,066
BankofCommunicationsCo.,Ltd－Yongyinglong-termvaluehybridsecuritiesinvestmentfund				13,556,677			RMBCommonshares		13,556,677
NOMURASINGAPORELIMITED				12,599,843			Foreignsharesplacedindomesticexchange		12,599,843
Explanationonassociatedrelationshiporconsistentactionamongthetop10shareholdersofnon-restrictednegotiablesharesandthatbetweenthetop10shareholdersofnon-restrictednegotiablesharesandtop10shareholders				TheThirdlargestshareholderGuangdongElectricPowerDevelopmentCorporationisthewholly-ownedsubsidiariesofthelargestshareholderEnergyGroup.Thesetwocompanieshaverelationships;whethertheothershareholdershaverelationshipsorunanimousactingwasunknown.
Explanationonshareholdersparticipatinginthemargintradingbusiness(ifany)(SeeNotes4)				Notapplicable

Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-

backagreementdealinginreportingperiod.

□Yes√NoThetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldofthecompanyhavenobuy–backagreementdealinginreportingperiod.IV.Changesinshareholdingsofdirectors,supervisorsandexecutiveofficers

?Applicable□Notapplicable

Name

Name	Position	Employmentstatus	Numberofsharesheldatthebeginningoftheperiod(shares)	Numberofsharesincreasedinthisperiod(shares)	Numberofsharesreducedinthisperiod(shares)	Numberofsharesheldattheendoftheperiod(shares)	Numberofrestrictedsharesgrantedatthebeginningoftheperiod(shares)	Numberofrestrictedsharesgrantedinthisperiod(shares)	Numberofrestrictedsharesgrantedattheendoftheperiod(shares)
WangJin	Chairman	Dimission	0	1,000	0	1,000	0	0	0
Total	--	--	0	1,000	0	1,000	0	0	0

V.ChangeofthecontrollingshareholderortheactualcontrollerChangeofthecontrollingshareholderinthereportingperiod

□Applicable√NotApplicableTherewasnoanychangeofthecontrollingshareholderofthecompanyinthereportingperiod.Changeoftheactualcontrollerinthereportingperiod

□Applicable√NotapplicableTherewasnoanychangeoftheactualcontrollerofthecompanyinthereportingperiod.

VIII.SituationofthePreferredShares

□Applicable√NotapplicableThecompanyhadnopreferredsharesinthereportingperiod

IX.CorporateBond

√Applicable□NotapplicableI.Enterprisebond

□Applicable√NotapplicableNosuchcasesinthereportingperiod.II.Corporatebond

√Applicable□NotapplicableI.Basicinformationofcorporatebonds

InRMB10,000

Bondname

Bondname	Bondshortname	Bondcode	Issueday	Valuedate	Dueday	Bondbalance	Interestrate	Servicingway	Trading
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2020(PhaseI)ofGuandongElectricPowerDevelopmentCo.,Ltd.	20Yudean01	149113.SZ	April29,2020	April29,2020	April29,2023	0	2.45%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.	ShenzhenStockExchange
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseI)ofGuandongElectricPowerDevelopmentCo.,Ltd.	21Yudean01	149369.SZ	January27,2021	January27,2021	January27,2024	100,000	3.57%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.	ShenzhenStockExchange
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseII)ofGuandongElectricPowerDevelopment	21Yudean02	149418.SZ	April28,2021	April28,2021	April28,2026	150,000	3.50%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturing	ShenzhenStockExchange

Co.,Ltd.

Co.,Ltd.								debtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.
PublicIssuanceofCorporateBondstoProfessionalInvestorsin2021(PhaseI)ofGuandongElectricPowerDevelopmentCo.,Ltd.	21Yedean03	149711.SZ	November24,2021	November24,2021	November24,2026	80,000	3.41%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.	ShenzhenStockExchange
PublicIssuanceofCorporateBondstoProfessionalInvestorsin2021(PhaseI)ofGuandongHuizhouPinghaiPowerGenerationCo.,Ltd.	21Pinghai01	188197.SH	June4,2021	June4,2021	June5,2023	0	3.57%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.	ShanghaiStockexchange
PublicIssuanceofGreenCorporateBondstoprofessionalInvestorsin2023(phaseI)(Variety2)ofGuangdongWindPowerGenerationCo.,Ltd.	G23Yuefeng2	115042.SH	March21,2023	March21,2023	March21,2028	60,000	3.15%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.	上海证券交易所
Duringthereportingperiod,interestpaymentsituationofthecompanybonds（Ifany）			20Yudean01,21Yudean01,21Yudean02,21Yudean03,21Pinghai01andG23Yuefeng2arebondsforprofessionalinvestors.
Applicabletradingmechanism			Matchingtransaction,clicktransaction,inquirytransaction,biddingtransaction,negotiationtransaction
Whethertherearerisksandcountermeasuresforterminatinglistingtransactions（Ifany)			No

Overdueandoutstandingbonds

□Applicable√Notapplicable

2.Triggerandimplementationofoptionclausesandinvestorprotectionclausesoftheissuerorinvestor

√Applicable□Notapplicable

1.Somebondsofthecompanyhaveoptionclauses,asfollows:

Bondcodes:149113.SZand149418.SZBondabbreviation:20Yudean01,21Yudean02,G23Yuefeng2Typesoftermsincludedinbonds:adjustmentofcouponrateoptionandresaleoptionTriggerandimplementationofoptionclause:Duringthereportingperiod,20Yudean01triggeredtheoptionclause.FromMarch28,2023toMarch30,2023,thecompanyissuedthreesuggestiveannouncementsontheimplementationmeasuresofcouponratenon-adjustmentandinvestors'resale.Afterthecompanyissuedtheannouncementofcouponratenon-adjustment,investorsexercisedtheresaleoption,andtheregisteredscaleofresalewasRMB1billion.Aftertheresale,thebalanceof20Yudean01wasRMB0.00billion,and20Yudean01wasnotresold.Duringthereportingperiod,21Yudean02andG23Yuefeng2didnotreachtheexerciseperiodandthusdidnottriggertheoptionclause.

2.Somebondsofthecompanyhaveinvestorprotectionclauses,asfollows:

Bondcode:149711.SZBondabbreviation:21Yudean03Typesoftermsincludedinbonds:theissuer'scommitmenttodebtrepaymentsafeguardsandremediesfornegativemattersTriggerandimplementationofinvestorprotectionclauses:Thetriggerandimplementationofinvestorprotectionclauseswerenotinvolvedinthereportingperiod.

3.Adjustmentofcreditratingresultsduringthereportingperiod

□Applicable√Notapplicable

4.Theimplementationandchangesofguarantee,debtrepaymentplanandotherdebtrepaymentguaranteemeasuresduringthereportingperiodandtheirimpactontherightsandinterestsofbondinvestors

√Applicable□Notapplicable

(1).Creditenhancementmechanism:20Yudean01,21Yudean01,21Yudean02,21Yudean03and21Pinghaicompany01bondsarenotguaranteed.G23Yuefeng2setupcreditenhancementmeasures,andGuangdongElectricPowerDevelopmentCo.,Ltd.providedfullandunconditionalirrevocablejointliabilityguarantee.

(2).Debtrepaymentplanandotherdebtrepaymentguaranteemeasures:20Yudean01,21Yudean01,21Yudean02,21Yudean03,21Pinghai01andG3Yuefeng2debtrepaymentplansandotherdebtrepaymentguaranteemeasureshavenotchangedduringthereportingperiod,andthepaymentoftheirprincipalandinterestwillbehandledbythebondregistrationinstitutionandrelevantinstitutions.ThespecificmattersofpaymentwillbeelaboratedintheannouncementdisclosedbytheissuerinthemediaspecifiedbyChinaSecuritiesRegulatoryCommission,ShenzhenStockExchange,ShanghaiStockExchangeandChinaSecuritiesIndustryAssociationinaccordancewithrelevantregulations.

III.Debtfinancinginstrumentsofnon-financialenterprises

√Applicable□Notapplicable

1.Debtfinancinginstrumentsofnon-financialenterprises

InRMB10,000

Bondname

Bondname	Bondshortname	Bondcode	Issueday	Valuedate	Dueday	Bondbalance	Interestrate	Servicingway	Trading
2021MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	21YudeanFaMTN001	102101339.IB	July19,2021	July21,2021	July21,2024	120,000	3.17%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.	Interbankmarket
2021MTN(PhaseII)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	21YudeanFaMTN002	102102318.IB	November15,2021	November17,2021	November17,2024	220,000	3.13%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.	Interbankmarket
2022MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	22YudeanFaMTN001	102281929.IB	August24,2022	August26,2022	August26,2027	60,000	2.90%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.	Interbankmarket
2023MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	23YudeanFaMTN001	102380558.IB	March15,2023	March17,2023	March17,2028	160,000	3.35%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.	Interbankmarket
GuangdongElectricPowerDevelopmentCo.,Ltd.Co.,Ltd.2022IIIphaseUltra-shorttermfinancingbills	22YudeanFaSCP001	012284265.IB	December9,2022	December12,2022	June7,2023	0	2.34%	Onetimerepaymentofprincipalandinterestdue	Interbankmarket
GuangdongElectricPowerDevelopmentCo.,Ltd.Co.,	22YudeanFaSCP001	012284408.IB	December22,2022	December23,2022	March23,2023	0	2.52%	Onetimerepaymentofprincipalandinterestdue	Interbankmarket

Ltd.2022IVphaseUltra-shorttermfinancingbills

Ltd.2022IVphaseUltra-shorttermfinancingbills
GuangdongElectricPowerDevelopmentCo.,Ltd.Co.,Ltd.2023IphaseUltra-shorttermfinancingbills	23YudeanFaSCP004	012382809.IB	July25,2023	July26,2023	January19,2024	100,000	2.13%	Onetimerepaymentofprincipalandinterestdue	Interbankmarket
MTN(PhaseI)(Sustainablelingged)ofGuangdongPinghaiPowerGenerationPlantCo.,Ltd.of2021	21PinghaiFaMTN001	102102049.IB	October15,2021	October15,2021	October15,2024	30,000	3.72%	Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption.	Interbankmarket
Duringthereportingperiod,interestpaymentsituationofthecompanybonds（Ifany）					No
Applicabletradingmechanism					Circulationandtransferinthenationalinter-bankbondmarket,itslistingandcirculationwillbecarriedoutinaccordancewiththerelevantregulationspromulgatedbytheNationalInterbankFundingCenter
Whethertherearerisksandcountermeasuresforterminatinglistingtransactions（Ifany)					No

Overdueandunpaidbonds

□Applicable√Notapplicable

2.Triggerandimplementationofoptionclausesandinvestorprotectionclausesoftheissuerorinvestor

□Applicable√Notapplicable

3.Adjustmentofcreditratingresultsduringthereportingperiod

□Applicable√Notapplicable4Theimplementationandchangesofguarantee,debtrepaymentplanandotherdebtrepaymentguaranteemeasuresduringthereportingperiodandtheirimpactontherightsandinterestsofbondinvestors

√Applicable□Notapplicable

1.21YudeanfaMTN001,21YudeanfaMTN002,22YudeanfaMTN001,23YudeanfaMTN001,22Yudeanfa

SCP003,22YudeanfaSCP004,23YudeanfaSCP001and21PinghaifadianMTN001arenotguaranteed.

2.Thedebtrepaymentplanoftheabove-mentioneddebtfinancinginstrumentsandotherdebtrepaymentguaranteemeasuresofthecompanyhavenotchangedduringthereportingperiod.IV.Convertiblebond

□Applicable√NotapplicableNosuchcasesinthereportingperiod.V.Thelosswithinthescopeofconsolidatedstatementsinthereportingperiodexceeded10%ofthenetassetsattheendofthepreviousyear

□Applicable√NotapplicableVI.Mainaccountingdataandfinancialindicatorsofthecompanyinrecenttwoyearsbytheendofthereportingperiod

InRMB10,000

Attheendofthereporting

period

	Attheendofthereportingperiod	Attheendoflastyear	Atthesametimerateofchange
Currentratio	0.65	0.61	6.56%
Debtratio	79.68%	78.09%	1.59%
Quickratio	0.54	0.50	8%
	Amountofthisperiod	Amountoflastperiod	Atthesametimerateofchange
Netprofitafterdeductingnon-recurringprofitandloss	116,044	-215,202	153.92%
EBITDAtotaldebtratio	5%	1.30%	3.70%
Timeinterestearnedratio	2.06	-1.02	301.96%
Cashinterestguaranteetimes	2.74	1.43	91.61%
EBITDATimeinterestearnedratio	4.12	1.01	307.92%
Repaymentofdebt(%)	100%	100%	0%
Paymentofinterest(%)	100%	100%	0%

X.FinancialReportI.AuditreportHasthissemi-annualreportbeenaudited?

□Yes√NoThesemi-annualfinancialreporthasnotbeenaudited.II.FinancialstatementsCurrencyunitforthestatementsinthenotestothesefinancialstatements:RMB

1.ConsolidatedbalancesheetPreparedby：GuangdongElectricPowerDevelopmentCo.,Ltd.

InRMB

Items

Items	June30,2023	January1,2023
Currentasset：
Monetaryfund	11,460,379,577	11,503,523,618
Settlementprovision
Outgoingcallloan
Transactionalfinancialassets
Derivativefinancialassets
Notesreceivable	0	2,644,300
Accountreceivable	9,558,894,828	7,578,636,244
Financingofreceivables
Prepayments	1,228,183,965	1,534,982,252
Insurancereceivable
Reinsurancereceivable
ProvisionsofReinsurancecontractsreceivable
Otheraccountreceivable	883,366,006	934,784,152
Including：Interestreceivable
Dividendreceivable	63,000,000	0
Repurchasingoffinancialassets
Inventories	3,802,053,813	3,376,868,100
Contractassets	2,734,346	4,910,263
Assetsheldforsales
Non-currentassetduewithin1year
Othercurrentasset	1,178,237,288	875,605,805
Totalofcurrentassets	28,113,849,823	25,811,954,734
Non-currentassets：
Loansandpaymentonother’sbehalfdisbursed
Creditor'srightinvestment
Otherinvestmentonbonds
Long-termreceivable
Longtermshareequityinvestment	9,605,680,568	9,198,053,183
Otherequityinstrumentsinvestment	2,876,076,288	3,058,071,054
Othernon-currentfinancialassets
Propertyinvestment	360,857,662	365,285,301

Fixedassets

Fixedassets	60,196,257,908	62,400,175,057
Constructioninprogress	20,885,138,482	11,768,828,161
Productionphysicalassets
Oil&gasassets
Userightassets	7,878,833,005	7,352,044,966
Intangibleassets	3,400,937,354	3,346,735,496
Developmentexpenses
Goodwill	128,097,553	128,097,553
Long-germexpensestobeamortized	90,035,118	109,485,746
Deferredincometaxasset	1,456,242,534	1,478,552,898
Othernon-currentasset	8,020,757,450	6,606,518,552
Totalofnon-currentassets	114,898,913,922	105,811,847,967
Totalofassets	143,012,763,745	131,623,802,701
Currentliabilities
Short-termloans	19,934,368,075	16,261,444,860
LoanfromCentralBank
Borrowingfunds
Transactionalfinancialliabilities
Derivativefinancialliabilities
Notespayable	527,784,041	1,495,778,076
Accountpayable	6,415,882,387	5,938,254,013
Advancereceipts	177,384,900
Contractliabilities	5,882,384	4,960,974
Sellingofrepurchasedfinancialassets
Deposittakingandinterbankdeposit
Entrustedtradingofsecurities
Entrustedsellingofsecurities
Employees’wagepayable	674,865,470	447,421,417
Taxpayable	547,959,808	302,484,915
Otheraccountpayable	9,533,190,429	9,403,658,031
Including：Interestpayable
Dividendpayable	9,771,322	28,324,843
Feesandcommissionspayable
Reinsurancefeepayable
Liabilitiesheldforsales
Non-currentliabilityduewithin1year	4,608,565,363	3,975,249,970
Othercurrentliability	736,111,250	4,174,850,374
Totalofcurrentliability	43,161,994,107	42,004,102,630
Non-currentliabilities：
Reservefundforinsurancecontracts
Long-termloan	52,742,165,795	42,860,932,628
Bondpayable	8,794,096,175	9,094,489,909
Including：preferredstock
Sustainabledebt
Leaseliability	7,617,307,100	6,870,820,017
Long-termpayable	516,662,974	666,297,028
Long-termremunerationpayabletostaff	401,840,324	429,265,269
Expectedliabilities
Deferredincome	135,006,557	142,292,215
Deferredincometaxliability	533,414,068	584,586,563
Othernon-currentliabilities	51,028,167	129,428,167
Totalnon-currentliabilities	70,791,521,160	60,778,111,796
Totalofliability	113,953,515,267	102,782,214,426
Owners’equity
Sharecapital	5,250,283,986	5,250,283,986
Otherequityinstruments

Including：

preferredstock

Including：preferredstock
Sustainabledebt
Capitalreserves	4,253,434,839	4,257,046,505
Less：Sharesinstock
Othercomprehensiveincome	1,507,857,924	1,629,837,957
Specialreserve	72,720,957	520,379
Surplusreserves	8,903,515,135	8,903,515,135
Commonriskprovision
Retainedprofit	1,165,628,290	309,089,657
Totalofowner’sequitybelongtotheparentcompany	21,153,441,131	20,350,293,619
Minorityshareholders’equity	7,905,807,347	8,491,294,656
Totalofowners’equity	29,059,248,478	28,841,588,275
Totalofliabilitiesandowners’equity	143,012,763,745	131,623,802,701

Legalrepresentative：ZhengYunpengnPerson-in-chargeoftheaccountingwork：LiuWeiPerson-in-chargeoftheaccountingorgan：MengFei

2.ParentCompanyBalanceSheet

InRMB

Items	June30,2023	January1,2023
Currentasset：
Monetaryfund	553,451,238	879,381,053
Transactionalfinancialassets
Derivativefinancialassets
Notesreceivable
Accountreceivable	167,605,261	191,716,383
Financingofreceivables
Prepayments	26,550,356	26,568,272
Otheraccountreceivable	190,190,441	568,099,765
Including：Interestreceivable
Dividendreceivable	63,000,000
Inventories	219,221,846	85,079,898
Contractassets
Assetsheldforsales
Non-currentassetduewithin1year
Othercurrentasset	6,913,557	1,198,615
Totalofcurrentassets	1,163,932,699	1,752,043,986
Non-currentassets：
Debtinvestment
Otherinvestmentonbonds
Long-termreceivable	1,220,000,000	1,160,000,000
Longtermshareequityinvestment	41,741,067,754	41,709,796,167
Otherequityinstrumentsinvestment	2,875,276,288	3,057,271,054
Othernon-currentfinancialassets
Propertyinvestment	4,800,851	5,118,650
Fixedassets	297,935,932	340,983,004
Constructioninprogress	1,052,786	1,052,786
Productionphysicalassets
Oil&gasassets
Userightassets	3,375,709	6,443,720
Intangibleassets	75,199,685	77,808,432
Developmentexpenses

Goodwill

Goodwill
Long-germexpensestobeamortized	1,207,492	1,595,480
Deferredincometaxasset
Othernon-currentasset	136,500,000	218,100,000
Totalofnon-currentassets	46,356,416,497	46,578,169,293
Totalofassets	47,520,349,196	48,330,213,279
Currentliabilities
Short-termloans	5,240,948,290	3,522,986,272
Transactionalfinancialliabilities
Derivativefinancialliabilities
Notespayable
Accountpayable	143,136,149	169,028,547
Advancereceipts
ContractLiabilities
Employees’wagepayable	134,780,493	115,457,391
Taxpayable	533,118	17,655,588
Otheraccountpayable	49,716,679	60,615,999
Including：Interestpayable
Dividendpayable	0	9,771,322
Liabilitiesheldforsales
Non-currentliabilityduewithin1year	1,752,394,671	751,166,231
Othercurrentliability	19,280,991	3,525,551,274
Totalofcurrentliability	7,340,790,391	8,162,461,302
Non-currentliabilities：
Long-termloan	4,801,000,000	4,498,800,000
Bondpayable	7,894,990,268	8,794,981,607
Including：preferredstock
Sustainabledebt
Leaseliability	388,148	610,527
Long-termpayable
Long-termremunerationpayabletostaff	76,074,603	76,074,603
Expectedliabilities
Deferredincome	9,996,202	9,996,202
Deferredincometaxliability	474,943,496	520,442,187
Othernon-currentliabilities
Totalnon-currentliabilities	13,257,392,717	13,900,905,126
Totalofliability	20,598,183,108	22,063,366,428
Owners’equity
Sharecapital	5,250,283,986	5,250,283,986
Otherequityinstruments
Including：preferredstock
Sustainabledebt
Capitalreserves	4,834,675,772	4,834,675,772
Less：Sharesinstock
Othercomprehensiveincome	1,513,097,136	1,640,520,684
Specialreserve
Surplusreserves	8,903,515,135	8,903,515,135
Retainedprofit	6,420,594,059	5,637,851,274
Totalofowners’equity	26,922,166,088	26,266,846,851
Totalofliabilitiesandowners’equity	47,520,349,196	48,330,213,279

3.ConsolidatedIncomestatement

InRMB

Items

Thefirsthalfyearof2023

Thefirsthalfyearof2022

I.Incomefromthekeybusiness

I.Incomefromthekeybusiness	28,340,840,884	22,611,239,733
Incl：Businessincome	28,340,840,884	22,611,239,733
Interestincome
Insurancefeeearned
Feeandcommissionreceived
II.Totalbusinesscost	27,463,198,020	25,527,998,725
Incl：Businesscost	25,157,909,557	23,114,184,606
Interestexpense
Feeandcommissionpaid
Insurancedischargepayment
Netclaimamountpaid
Netamountofwithdrawalofinsurancecontractreserve
Insurancepolicydividendpaid
Reinsuranceexpenses
Businesstaxandsurcharge	102,835,985	72,015,381
Salesexpense	35,592,377	30,460,050
Administrativeexpense	553,789,310	477,955,874
R&Dcosts	466,613,651	752,324,970
Financialexpenses	1,146,457,140	1,081,057,844
Including：Interestexpense	1,192,393,983	1,135,329,167
Interestincome	53,610,047	66,355,499
Add:Otherincome	26,146,147	35,193,072
Investmentgain（“-”forloss）	636,141,107	589,691,504
Incl:investmentgainsfromaffiliates	518,414,902	498,927,895
Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome
Gainsfromcurrencyexchange
Netexposurehedgingincome
Changingincomeoffairvalue
Creditimpairmentloss	-567,735	1,728,699
Impairmentlossofassets	-5,052,018
Assetsdisposalincome	-1,988,902	31,707,133
III.Operationalprofit（“-”forloss）	1,532,321,463	-2,258,438,584
Add：Non-operationalincome	20,730,339	8,866,265
Less:Non-operatingexpense	16,425,087	19,957,360
IV.Totalprofit(“-”forloss)	1,536,626,715	-2,269,529,679
Less：Incometaxexpenses	365,380,562	-151,269,999
V.Netprofit	1,171,246,153	-2,118,259,680
(I)Classificationbybusinesscontinuity
1.Netcontinuingoperatingprofit	1,171,246,153	-2,118,259,680
2.Terminationofoperatingnetprofit
(II)Classificationbyownership
1.Netprofitattributabletotheownersofparentcompany	856,538,633	-1,371,743,904
2.Minorityshareholders’equity	314,707,520	-746,515,776
VI.Netafter-taxofothercomprehensiveincome	-121,980,033	84,349,552
Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany.	-121,980,033	84,349,552
（I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod	-121,980,033	84,349,552
1.Re-measurementofdefinedbenefitplansof

changesinnetdebtornetassets

changesinnetdebtornetassets
2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss.	14,516,041	0
3.Changesinthefairvalueofinvestmentsinotherequityinstruments	-136,496,074	84,349,552
4.Changesinthefairvalueofthecompany’screditrisks
5.Other
（II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss.
1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss.
2.Changesinthefairvalueofinvestmentsinotherdebtobligations
3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets
4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations
5.Reserveforcashflowhedges
6.Translationdifferencesincurrencyfinancialstatements
7.Other
NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity
VII.Totalcomprehensiveincome	1,049,266,120	-2,033,910,128
Totalcomprehensiveincomeattributabletotheowneroftheparentcompany	734,558,600	-1,287,394,352
Totalcomprehensiveincomeattributableminorityshareholders	314,707,520	-746,515,776
VIII.Earningspershare
（I）Basicearningspershare	0.1631	-0.2613
(II)Dilutedearningspershare	0.1631	-0.2613

Legalrepresentative：ZhengYunpengPerson-in-chargeoftheaccountingwork：LiuWeiPerson-in-chargeoftheaccountingorgan：MengFei

4.IncomestatementoftheParentCompany

InRMB

Items	Thefirsthalfyearof2023	Thefirsthalfyearof2022
I.Incomefromthekeybusiness	778,009,618	549,224,797
Incl：Businesscost	796,227,119	798,118,470
Businesstaxandsurcharge	1,587,079	1,314,970
Salesexpense	1,083,086	1,181,738
Administrativeexpense	61,472,571	54,984,849
R&Dexpense	13,701,303	13,572,929
Financialexpenses	316,774,799	180,748,898
Including：Interestexpenses	318,584,536	182,898,115
Interestincome	3,854,894	3,986,671
Add：Otherincome	933,974	496,298
Investmentgain（“-”forloss）	1,194,924,087	652,477,745
Including:investmentgainsfromaffiliates	473,105,895	450,257,095
Financialassetsmeasuredatamortizedcostceasetobe

recognizedasincome

recognizedasincome
Netexposurehedgingincome
Changingincomeoffairvalue
Creditimpairmentloss	-58,935	-59,342
Impairmentlossofassets
Assetsdisposalincome
II.Operationalprofit（“-”forloss）	782,962,787	152,217,644
Add：Non-operationalincome	108,406	1,763,961
Less：Non-operationalexpenses	328,408	65,307
III.Totalprofit(“-”forloss)	782,742,785	153,916,298
Less：Incometaxexpenses
IV.Netprofit	782,742,785	153,916,298
1.Netcontinuingoperatingprofit	782,742,785	153,916,298
2.Terminationofoperatingnetprofit
V.Netafter-taxofothercomprehensiveincome	-127,423,548	-93,817,727
（I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod	-127,423,548	-93,817,727
1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets
2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss.	9,072,526
3.Changesinthefairvalueofinvestmentsinotherequityinstruments	-136,496,074	-93,817,727
4.Changesinthefairvalueofthecompany’screditrisks
5.Other
(II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss
1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss.
2.Changesinthefairvalueofinvestmentsinotherdebtobligations
3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets
4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations
5.Reserveforcashflowhedges
6.Translationdifferencesincurrencyfinancialstatements
7.Other
VI.Totalcomprehensiveincome	655,319,237	60,098,571
VII.Earningspershare
（I）Basicearningspershare	0.1491	0.0293
(II)Dilutedearningspershare	0.1491	0.0293

5.ConsolidatedCashflowstatement

InRMB

Items	Thefirsthalfyearof2022	Thefirsthalfyearof2021
I.Cashflowsfromoperatingactivities
Cashreceivedfromsalesofgoodsorrendingofservices	29,849,801,755	25,418,678,331
Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany
Netincreaseofloansfromcentralbank
Netincreaseofinter-bankloansfromotherfinancialbodies
Cashreceivedagainstoriginalinsurancecontract
Netcashreceivedfromreinsurancebusiness

Netincreaseofclientdepositandinvestment

Netincreaseofclientdepositandinvestment
Cashreceivedfrominterest,commissionchargeandcommission
Netincreaseofinter-bankfundreceived
Netincreaseofrepurchasingbusiness
Netcashreceivedbyagentinsecuritiestrading
Taxreturned	126,494,026	1,779,253,397
Othercashreceivedfrombusinessoperation	232,786,939	264,049,592
Sub-totalofcashinflow	30,209,082,720	27,461,981,320
Cashpaidforpurchasingofmerchandiseandservices	24,754,414,595	25,271,904,394
Netincreaseofclienttradeandadvance
Netincreaseofsavingsincentralbankandbrothercompany
Cashpaidfororiginalcontractclaim
Netincreaseinfinancialassetsheldfortradingpurposes
NetincreaseforOutgoingcallloan
Cashpaidforinterest,processingfeeandcommission
Cashpaidtostaffsorpaidforstaffs	1,195,727,767	1,089,329,670
Taxespaid	917,215,517	692,608,470
Othercashpaidforbusinessactivities	621,354,825	616,497,296
Sub-totalofcashoutflowfrombusinessactivities	27,488,712,704	27,670,339,830
Netcashgeneratedfrom/usedinoperatingactivities	2,720,370,016	-208,358,510
II.Cashflowgeneratedbyinvesting
Cashreceivedfrominvestmentretrieving	0	623,034
Cashreceivedasinvestmentgains	234,329,364	240,403,213
Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets	180,038,182	1,643,618,096
Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits
Otherinvestment-relatedcashreceived	0	300,000
Sub-totalofcashinflowduetoinvestmentactivities	414,367,546	1,884,944,343
Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets	9,792,986,742	4,446,188,809
Cashpaidasinvestment	386,489,722	346,822,910
Netincreaseofloanagainstpledge
Netcashreceivedfromsubsidiariesandotheroperationalunits
Othercashpaidforinvestmentactivities
Sub-totalofcashoutflowduetoinvestmentactivities	10,179,476,464	4,793,011,719
Netcashflowgeneratedbyinvestment	-9,765,108,918	-2,908,067,376
III.Cashflowgeneratedbyfinancing
Cashreceivedasinvestment	105,993,820	133,484,514
Including:Cashreceivedasinvestmentfromminorshareholders	105,993,820	133,484,514
Cashreceivedasloans	30,489,894,292	18,884,583,500
Otherfinancing–relatedcashreceived
Sub-totalofcashinflowfromfinancingactivities	30,595,888,112	19,018,068,014
Cashtorepaydebts	20,776,673,221	12,110,573,262
Cashpaidasdividend,profit,orinterests	1,345,062,517	1,025,673,784
Including:Dividendandprofitpaidbysubsidiariestominorshareholders	80,892,229	25,174,599
Othercashpaidforfinancingactivities	1,468,279,614	20,793,683
Sub-totalofcashoutflowduetofinancingactivities	23,590,015,352	13,157,040,729
Netcashflowgeneratedbyfinancing	7,005,872,760	5,861,027,285
IV.Influenceofexchangeratealternationoncashandcashequivalents	370	485
V.Netincreaseofcashandcashequivalents	-38,865,772	2,744,601,884
Add:balanceofcashandcashequivalentsatthebeginningofterm	11,433,808,500	8,023,116,939
VI..Balanceofcashandcashequivalentsattheendofterm	11,394,942,728	10,767,718,823

6.CashFlowStatementoftheParentCompany

InRMB

Items

Items	Thefirsthalfyearof2023	Thefirsthalfyearof2022
I.Cashflowsfromoperatingactivities
Cashreceivedfromsalesofgoodsorrendingofservices	906,093,635	664,254,583
Taxreturned	4,169,908	25,152,420
Othercashreceivedfrombusinessoperation	43,706,151	566,054,241
Sub-totalofcashinflow	953,969,694	1,255,461,244
Cashpaidforpurchasingofmerchandiseandservices	933,058,819	799,187,397
Cashpaidtostaffsorpaidforstaffs	125,818,320	133,850,000
Taxespaid	24,128,293	8,275,389
Othercashpaidforbusinessactivities	58,329,630	318,144,283
Sub-totalofcashoutflowfrombusinessactivities	1,141,335,062	1,259,457,069
Netcashgeneratedfrom/usedinoperatingactivities	-187,365,368	-3,995,825
II.Cashflowgeneratedbyinvesting
Cashreceivedfrominvestmentretrieving	2,716,018,959
Cashreceivedasinvestmentgains	792,311,002	301,487,457
Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets	7,540	11,796,295
Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits
Otherinvestment-relatedcashreceived
Sub-totalofcashinflowduetoinvestmentactivities	3,508,337,501	313,283,752
Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets	2,225,723	3,607,272
Cashpaidasinvestment	1,943,373,129	925,694,710
Netcashreceivedfromsubsidiariesandotheroperationalunits
Othercashpaidforinvestmentactivities
Sub-totalofcashoutflowduetoinvestmentactivities	1,945,598,852	929,301,982
Netcashflowgeneratedbyinvestment	1,562,738,649	-616,018,230
III.Cashflowgeneratedbyfinancing
Cashreceivedasinvestment
Cashreceivedasloans	4,699,632,000	3,539,536,458
Otherfinancing–relatedashreceived
Sub-totalofcashinflowfromfinancingactivities	4,699,632,000	3,539,536,458
Cashtorepaydebts	6,099,000,000	1,800,000,000
Cashpaidasdividend,profit,orinterests	298,701,528	176,305,840
Othercashpaidforfinancingactivities	3,087,340	6,248
Sub-totalofcashoutflowduetofinancingactivities	6,400,788,868	1,976,312,088
Netcashflowgeneratedbyfinancing	-1,701,156,868	1,563,224,370
IV.Influenceofexchangeratealternationoncashandcashequivalents	370	485
V.Netincreaseofcashandcashequivalents	-325,783,217	943,210,800
Add:balanceofcashandcashequivalentsatthebeginningofterm	875,157,652	707,707,282
VI..Balanceofcashandcashequivalentsattheendofterm	549,374,435	1,650,918,082

7.ConsolidatedStatementonChangeinOwners’EquityAmountinthisperiod

InRMB

Items

Items	Thefirsthalfyearof2023
	Owner’sequityAttributabletotheParentCompany													Minorshareholders’equity	Totalofowners’equity
	ShareCapital	OtherEquityinstrument			Capitalreserves	Less:Sharesinstock	OtherComprehensiveIncome	Specializedreserve	Surplusreserves	Commonriskprovision	Retainedprofit	Other	Subtotal
		Preferredstock	Sustainabledebt	Other
I.Balanceattheendoflastyear	5,250,283,986				4,257,046,505		1,629,837,957	520,379	8,903,515,135		200,668,517		20,241,872,479	8,480,658,277	28,722,530,756
Add:Changeofaccountingpolicy											108,421,140		108,421,140	10,636,379	119,057,519
Correctingofpreviouserrors
Mergerofentitiesundercommoncontrol
Other
II.Balanceatthebeginningofcurrentyear	5,250,283,986				4,257,046,505		1,629,837,957	520,379	8,903,515,135		309,089,657		20,350,293,619	8,491,294,656	28,841,588,275
III.Changedinthecurrentyear					-3,611,666		-121,980,033	72,200,578			856,538,633		803,147,512	-585,487,309	217,660,203
（1）Totalcomprehensiveincome							-121,980,033				856,538,633		734,558,600	314,707,520	1,049,266,120
（II）Investmentordecreasingofcapitalbyowners					-3,611,666								-3,611,666	-860,988,927	-864,600,593
1．OrdinarySharesinvestedbyshareholders														-864,600,593	-864,600,593
2．Holdersofotherequityinstrumentsinvestedcapital
3．Amountofsharespaidandaccountedasowners’equity
4．Other					-3,611,666								-3,611,666	3,611,666	0

（III）Profitallotment

（III）Profitallotment												-62,338,708	-62,338,708
1.Providingofsurplusreserves
2.Providingofcommonriskprovisions
3．Allotmenttotheowners(orshareholders)												-62,338,708	-62,338,708
4．Other
(IV)Internaltransferringofowners’equity
1.Capitalizingofcapitalreserves(ortocapitalshares)
2.Capitalizingofsurplusreserves(ortocapitalshares)
3．Makinguplossesbysurplusreserves.
4.ChangeamountofdefinedbenefitplansthatcarryforwardRetainedearnings
5．Othercomprehensiveincomecarry-overretainedearnings
6．Other
(V).Specialreserves						72,200,578					72,200,578	23,132,806	95,333,384
1.Providedthisyear						165,514,235					165,514,235	64,004,036	229,518,271
2．Usedthisterm						-93,313,657					-93,313,657	-40,871,230	-134,184,887
（VI）Other
IV.Balanceattheendofthisterm	5,250,283,986		4,253,434,839		1,507,857,924	72,720,957	8,903,515,135		1,165,628,290		21,153,441,131	7,905,807,347	29,059,248,478

Amountinlastyear

InRMB

Items

Thefirsthalfyearof2022

Owner’sequityAttributabletotheParentCompany

Minorshareholders’equity

Totalofowners’equity

ShareCapital

OtherEquityinstrument

Capitalreserves

Less:Sharesinstoc

OtherComprehensiveIncome

Specializedreserve

Surplusreserves

Commonriskprovision

Retainedprofit

Other

Subtotal

Preferredstock

Sustainabledebt

Other

k

				k
I.Balanceattheendoflastyear	5,250,283,986		4,276,952,183		1,750,011,571		8,903,515,135		3,205,422,561		23,386,185,436	9,581,317,106	32,967,502,542
Add:Changeofaccountingpolicy									84,938,618		84,938,618	7,255,746	92,194,364
Correctingofpreviouserrors
Mergerofentitiesundercommoncontrol
Other
II.Balanceatthebeginningofcurrentyear	5,250,283,986		4,276,952,183		1,750,011,571		8,903,515,135		3,290,361,179		23,471,124,054	9,588,572,852	33,059,696,906
III.Changedinthecurrentyear			-22,519,076		-93,817,726				-1,371,743,904		-1,488,080,706	-605,977,336	-2,094,058,042
（1）Totalcomprehensiveincome					-93,817,726				-1,371,743,904		-1,465,561,630	-746,515,776	-2,212,077,406
（II）Investmentordecreasingofcapitalbyowners			-22,519,076								-22,519,076	165,672,609	143,153,533
1．OrdinarySharesinvestedbyshareholders												145,026,311	145,026,311
2．Holdersofotherequityinstrumentsinvestedcapital
3．Amountofsharespaidandaccountedasowners’equity
4．Other			-22,519,076								-22,519,076	20,646,298	-1,872,778
（III）Profitallotment												-25,134,169	-25,134,169
1.Providingofsurplusreserves
2.Providingofcommonriskprovisions
3．Allotmenttotheowners(orshareholders)												-25,134,169	-25,134,169
4．Other
(IV)Internaltransferringofowners’equity
1.Capitalizingofcapitalreserves(ortocapitalshares)
2.Capitalizingofsurplusreserves(ortocapitalshares)
3．Makinguplossesbysurplus

reserves.

reserves.
4.ChangeamountofdefinedbenefitplansthatcarryforwardRetainedearnings
5．Othercomprehensiveincomecarry-overretainedearnings
6．Other
(V).Specialreserves
1.Providedthisyear
2．Usedthisterm
（VI）Other
IV.Balanceattheendofthisterm	5,250,283,986		4,254,433,107		1,656,193,845		8,903,515,135		1,918,617,275		21,983,043,348	8,982,595,516	30,965,638,864

8.Statementofchangeinowner’sEquityoftheParentCompanyAmountinthisperiod

InRMB

Items	Thefirsthalfyearof2023
	Sharecapital	OtherEquityinstrument			Capitalreserves	Less:Sharesinstock	OtherComprehensiveIncome	Specializedreserve	Surplusreserves	Retainedprofit	Other	Totalofowners’equity
		Preferredstock	Sustainabledebt	Other
I.Balanceattheendoflastyear	5,250,283,986				4,834,675,772		1,640,520,684		8,903,515,135	5,637,851,274		26,266,846,851
Add:Changeofaccountingpolicy
Correctingofpreviouserrors
Other
II.Balanceatthebeginningofcurrentyear	5,250,283,986				4,834,675,772		1,640,520,684		8,903,515,135	5,637,851,274		26,266,846,851
III.Changedinthecurrentyear	0				0		-127,423,548		0	782,742,785		655,319,237
（I）Totalcomprehensiveincome							-127,423,548			782,742,785		655,319,237
(II)Investmentordecreasingofcapitalbyowners
1．OrdinarySharesinvestedbyshareholders
2．Holdersofotherequityinstrumentsinvestedcapital

3.Amountofsharespaidandaccountedasowners’equity

3.Amountofsharespaidandaccountedasowners’equity
4．Other
（III）Profitallotment
1.Providingofsurplusreserves
2．Allotmenttotheowners(orshareholders)
3．Other
(IV)Internaltransferringofowners’equity
1.Capitalizingofcapitalreserves(ortocapitalshares)
2.Capitalizingofsurplusreserves(ortocapitalshares)
3．Makinguplossesbysurplusreserves.
4.ChangeamountofdefinedbenefitplansthatcarryforwardRetainedearnings
5．Othercomprehensiveincomecarry-overretainedearnings
6．Other
(V)Specialreserves
1.Providedthisyear						7,488,180				7,488,180
2．Usedthisterm						-7,488,180				-7,488,180
（VI）Other
IV.Balanceattheendofthisterm	5,250,283,986		4,834,675,772		1,513,097,136		8,903,515,135	6,420,594,059		26,922,166,088

Amountinlastyear

InRMB

Items

Thefirsthalfyearof2022

ShareCapital

OtherEquityinstrument

Capitalreserves

Less:Sharesinstock

OtherComprehensiveIncome

Specializedreserve

Surplusreserves

Retainedprofit

Other

Totalofowners’equity

Preferredstock

Sustainabledebt

Other

I.Balanceattheendoflastyear

5,250,283,986

4,834,039,575

1,764,421,309

8,903,515,135

6,585,377,384

27,337,637,389

Add:Changeofaccountingpolicy

Correctingofpreviouserrors

Other

II.Balanceatthebeginningofcurrentyear

5,250,283,98

4,834,039,57

1,764,421,309

8,903,515,13

6,585,377,38

27,337,637,38

	6				5				5	4		9
III.Changedinthecurrentyear	0	0	0	0	0	0	-93,817,727	0	0	153,916,298	0	60,098,571
（I）Totalcomprehensiveincome							-93,817,727			153,916,298		60,098,571
(II)Investmentordecreasingofcapitalbyowners
1．OrdinarySharesinvestedbyshareholders
2．Holdersofotherequityinstrumentsinvestedcapital
3.Amountofsharespaidandaccountedasowners’equity
4．Other
（III）Profitallotment
1.Providingofsurplusreserves
2．Allotmenttotheowners(orshareholders)
3．Other
(IV)Internaltransferringofowners’equity
1.Capitalizingofcapitalreserves(ortocapitalshares)
2.Capitalizingofsurplusreserves(ortocapitalshares)
3．Makinguplossesbysurplusreserves.
4.ChangeamountofdefinedbenefitplansthatcarryforwardRetainedearnings
5．Othercomprehensiveincomecarry-overretainedearnings
6．Other
(V)Specialreserves
1.Providedthisyear
2．Usedthisterm
（VI）Other
IV.Balanceattheendofthisterm	5,250,283,986	0	0	0	4,834,039,575	0	1,670,603,582	0	8,903,515,135	6,739,293,682	0	27,397,735,960

III．BasicInformationoftheCompanyGuangdongElectricPowerDevelopmentCo.,Ltd.(“thecompany”)isalimitedliabilitycompanyjointlyestablishedbyGuangdongElectricPowerHoldingcompany,ChinaConstructionBank,GuangdongProvinceTrustInvestmentcompany,GuangdongPowerDevelopmentCo.,Ltd.,GuangdongInternationalTrustandChinaGuangfaBank.Theaddressofthecompany’sregisteredofficeandheadofficeisF33~F36SouthTowerBuildingofYudeanSquareon2ndTianheEastRoad,Guangzhou,GuangdongProvince,thePeople’sRepublicofChina(“thePRC”).Thecompany’sparentcompanyisGuangdongEnergyGroupCo.,Ltd.(“GEGC”,previouslyGuangdongProvinceYudeanGroupCo.,Ltd.)anditsultimatecontrolleristheState-ownedAssetsSupervisionandAdministrationCommissionofthePeople’sGovernmentofGuangdongProvince.Thecompany’sissuingRMBordinaryshares(“A-share”)anddomesticlistedforeignshares(“B-share”)arelistedfortransactionsinShenzhenStockExchangerespectivelyon26November1993and28June1995.Asat30June2022,thetotalsharecapitalofthecompanyisRMB5,250,283,986withparvalueofRMB1each.Thecompanyanditssubsidiaries(collectivelyreferredtoas“theGroup”)areprincipallyengagedinthebusinessesofdevelopingandoperatingelectricpowerplantsinGuangdong，Xingjiang,Yunnan,HunanProvinceandGuangxi,thePRC.FortheConsolidationscopechangedoftheGroup,pleaserefertoVIIIThefinancialstatementhasbeenapprovedforissuebythecompany’sBoardofDirectorsonAugust29,2023.FortheConsolidationscopechangedoftheGroup,pleaserefertoVIIIandIX(EquityinotherentitiesIV.Basisforthepreparationoffinancialstatements

1.BasisforthepreparationThefinancialstatementsarepreparedinaccordancewiththeAccountingStandardforBusinessEnterprises-BasicStandard,andthespecificaccountingstandardsandotherrelevantregulationsissuedbytheMinistryofFinanceon15February2006andinsubsequentperiods(hereaftercollectivelyreferredtoas“theAccountingStandardforBusinessEnterprises”or“CAS”),and“InformationDisclosureRuleNo.15forCompanieswithPublicTradedSecurities-FinancialReportingGeneralProvision”issuedbyChinaSecurityRegulatoryCommission.

2.Continuousoperation.

Asat30June2023,theGroup’snetcurrentliabilitiesamountedtoRMB15.048billion,capitalcommitmentsamountedtoRMB28.754billion,amongwhichtheamountexpectedtobesettledwithinoneyearwasRMB14.873billion.Therefore,thegroupistosomeextentexposedtoliquidityrisk.Thereasonsfornetcurrentliabilitieswerethatthegroupisinaperiodofrapiddevelopment,andthereisamatchproblemintheinvestmentandfinancingtermsandthesignificantriseofcoalpricesfrom2021to2022

Inviewoftheabove,theBoardofDirectorsofthecompanyhascarefullyconsideredtheGroup'sfutureworkingcapital,operatingconditionsandavailablefinancingsourceswhenassessingtheGroup'sabilitytocontinueasagoingconcern.TheGrouphasformulatedthefollowingplansandmeasurestoreducepressureofworkingcapitalandimproveitsfinancialposition:

(i)TheGroupmaintainsgoodrelationsoflong-termcooperationwithfinancialinstitutions(includingthecompany’sassociateGuangdongEnergyGroupFinanceCo.,Ltd.(“EnergyGroupFinancecompany”)andGuangdongEnergyFinanceLeasingcompany(“EnergyFinanceLeasingcompany”))inordertoobtainsufficientfinancingcreditlines.Asat30June2023,theGroup’savailablecreditlineandapproveddebtinsurancefromfinancialinstitutionsamountedtoapproximatelyRMB97.045billion,withRMB16.889billion

fromEnergyGroupFinancecompany,RMB10.004billionmillionfromEnergyFinanceLeasingcompany,RMB56.352billionfromothercommercialbanks,RMB1.4billionofcorporatedebenturesapprovedforissuancebytheCSRCandRMB7.4billionofquotaofmedium-termnotesfinancingobtainedaftertheregistrationintheInterbankMarketinChina.AmongtheGroup’savailablecreditlinefromfinancialinstitutions,approximatelyRMB7.275billionisduebefore30June2024.InviewoftheGroup’sbusinessoperationaswellasgoodandlong-termcooperativerelationshipswithfinancialinstitutions,managementexpectedthecreditlineduecouldberenewedforanother12months.

TheBoardofDirectorsofthecompanyhasreviewedtheGroup'scashflowforecastingforJuly1,2023toJune30,2024preparedbymanagement.Thecashflowforecastingisbasedonmanagement'sjudgementsandassumptionsregardinganumberoffutureeventsandissubjecttothesuccessfulcompletionofaseriesofplansandmeasuresplannedandbeingimplementedbytheGroup,including:(1)TheGroupwillcontinuouslymonitorthefinancialindicatorsofitssubsidiariesandimprovetheoperationandfinancingstructureofitssubsidiariesthroughvariousmeasures,includingbutnotlimitedtoprovidingfinancingsupportandcapitalinjection,sothatthesubsidiarieswithintheGroupcancontinuetomeettherequirementsoftheborrowingagreementsinforeseeablefuture;(2)theGroupcancontinuetomeettheconditionsofexistingbankfinancingandobtainnecessaryborrowingrenewalsandnewborrowings,includingfinancingfromEnergyGroupFinancecompanyandEnergyFinanceLeasingcompany,anditcansuccessfullyconductexternalfinancingbyissuingcorporatedebentures,medium-termnotes,andultra-short-termfinancingbondswhennecessary;and(3)theGroupwillobtainmorefavourablelong-termelectricitypriceandeffectiveadoptiontolowerfuelprocurementcostssoastoimproveoperatingcashflows.TakingintofullconsiderationoftheabovemeasuresbeingimplementedorplannedbytheGroup,managementbelievesthattheGroupcanobtainsufficientfundstopayitsoperatingexpenses,capitalcommitmentwithinoneyearandrepayitsmatureddebtobligationswithinthenext12monthsfrom1July2023.Therefore,managementbelievesthatitisappropriatetopreparethesefinancialstatementsonagoingconcernbasis.V.SignificantaccountingpoliciesandaccountingestimatesSpecificaccountingpoliciesandaccountingestimatestips:

TheGroupdeterminesspecificaccountingpoliciesandaccountingestimatesbasedonthecharacteristicsofproductionandoperation,whicharemainlyreflectedinthemeasurementofexpectedcreditlossesofreceivables(Note5(10)),costingofinventory(Note5(15)),fixedassetdepreciationandintangibleassetamortisation(Notes5(24),(30，（29）),impairmentoflong-termassets(Note5(31)),timingofrevenuerecognition(Note5(39)),deferredtaxassetsanddeferredtaxliabilities(Note5(41)),etc.DetailsoftheGroup'scriticaljudgementsusedindeterminingsignificantaccountingpoliciesaresetforthinNote5(44).

1.ComplyingwiththestatementsinAccountingStandardsforBusinessEnterprises

ThefinancialReportandstatementsarepreparedwithcompliancetotherequirementoftheEnterpriseAccountingStandard.TheyreflectthefinancialpositionasofJune30,2023aswellasthebusinessperformanceandcashflowsituationinthefirsthalfof2023ofthecompanyfranklyandcompletely.

2.AccountingperiodFiscalyearisdatedfromGregoriancalendarJan.,1toGregoriancalendarDecember,31.TheaccountingofthefinancialstatementsduringtheperiodstartsfromJanuary1,2023to6monthsendedJune

30,2023.

3.OperatingcycleThebusinesscyclesforprincipalactivitiesareusuallylessthan12months.

4.Standardcurrencyforbookkeeping

ThecompanyadoptsCNYtoprepareitsfunctionalstatements.

5.Accountingprocessmethodofenterpriseconsolidationundersameanddifferentcontrolling.

(1)BusinesscombinationsinvolvingenterprisesundercommoncontrolTheconsiderationthecombiningpartypaidforthecombinationandthecarryingamountofthenetassetsobtainedaremeasuredatcarryingamount.Thedifferencebetweenthecarryingamountofthenetassetsobtainedandthecarryingamountofconsiderationpaidforthecombinationisadjustedtosharepremium(capitalpremium)inthecapitalreserve.Ifthebalanceofsharepremium(capitalpremium)isinsufficient,anyexcessisadjustedtoretainedearnings.Anycostsdirectlyattributabletothecombinationarerecognizedinprofitorlossforthecurrentperiodwhenoccurred.Thetransactioncostsofissuingequityordebtsecuritiesforbusinesscombinations.

(2)BusinesscombinationsnotinvolvingenterprisesundercommoncontrolTheacquirer’scombiningcostsandtheidentifiablenetassetsobtainedattheacquisitiondatearemeasuredatfairvalue.Ifthecombiningcostsaregreaterthanthefairvalueofidentifiablenetassetsattheacquisitiondate,thedifferenceisrecognizedasgoodwill;ifthecombiningcostsarelessthanthefairvalueofidentifiablenetassetsattheacquisitiondate,thedifferenceisrecognizedinprofitorlossforthecurrentperiod.Thedirectacquisition-relatedcostsarisingfromthebusinesscombinationarerecognizedasexpensesintheperiodsinwhichthecostsareincurred.Thecostsoftheissuanceofequityordebtsecuritiesasapartoftheconsiderationpaidfortheacquisitionareincludedasapartofinitialrecognitionamountoftheequityordebtsecurities.

6.PreparationoftheconsolidatedfinancialstatementsTheconsolidatedfinancialstatementscomprisethefinancialstatementsofthecompanyandallofitssubsidiaries.SubsidiariesareconsolidatedfromthedateonwhichtheGroupobtainscontrolandarede-consolidatedfromthedatethatsuchcontrolceases.Forasubsidiarythatisacquiredinabusinesscombinationinvolvingenterprisesundercommoncontrol,itisincludedintheconsolidatedfinancialstatementsfromthedatewhenit,togetherwiththecompany,comesundercommoncontroloftheultimatecontrollingparty.Theportionofthenetprofitsrealisedbeforethecombinationdateispresentedseparatelyintheconsolidatedincomestatement.Inthepreparationofconsolidatedfinancialstatements,iftheaccountingpoliciesoraccountingperiodamongthecompanyandsubsidiariesareinconsistent,thefinancialstatementsofsubsidiarieshavebeenadjustedtoconformtothecompany’spoliciesandaccountingperiod.Forbusinesscombinationnotobtainedundercommoncontrol,thefinancialstatementshavebeenadjustedbasedonthefairvalueofnetrecognisableassetontheacquisitiondate.Allsignificantintra-groupbalances,transactionsandunrealisedprofitsareeliminatedintheconsolidatedfinancialstatements.Theportionofsubsidiaries’owners’equityandtheportionofsubsidiaries’netprofitsandlossesandcomprehensiveincomesfortheperiodnotattributabletothecompanyarerecognisedasminorityinterests,netprofitattributedtominorityinterestsandtotalcomprehensiveincomesattributedtominorityinterestsandpresentedseparatelyintheconsolidatedfinancialstatementsunderowners’equity,netprofitsandtotalcomprehensiveincomerespectively.Whenthecompanysellsassetstosubsidiaries,theunrealisedgainsandlossesshouldfullyoffsetthenetprofitattributedtoshareholdersoftheparentcompany;whensubsidiariessellassetstothecompany,theunrealisedgainsandlossesshouldbeassignedandoffsetbetweenthenetprofit

attributedtoshareholdersoftheparentcompanyandminorityinterestsaccordingtothecompany’sdistributionratioofthesubsidiary.Theunrealisedgainsandlossesbetweensubsidiariesshouldbeassignedandoffsetbetweenthenetprofitattributedtoshareholdersoftheparentcompanyandminorityinterestsaccordingtotheparentcompany’sdistributionratioofthesubsidiary.Inpreparingtheconsolidatedfinancialstatements,wheretheaccountingpoliciesandtheaccountingperiodsofthecompanyandsubsidiariesareinconsistent,thefinancialstatementsofthesubsidiariesareadjustedinaccordancewiththeaccountingpoliciesandtheaccountingperiodofthecompany.Forsubsidiariesacquiredfrombusinesscombinationsinvolvingenterprisesnotundercommoncontrol,theindividualfinancialstatementsofthesubsidiariesareadjustedbasedonthefairvalueoftheidentifiablenetassetsattheacquisitiondate.

7.ClassificationofjointventurearrangementandaccountingtreatmentmethodsforjointoperationTheGroupisinaperiodofrapiddevelopment,andthereisacertainmismatchintheinvestmentandfinancingperiod.Itreferstoanarrangementjointlycontrolledbytwoormoreparticipants.TheGroupdividesjointventurearrangementsintojointventuresandjointventuresbasedontherightsandobligationstheyenjoyandundertake.Jointoperationreferstoajointventurearrangementinwhichthegroupenjoystheassetsrelatedtothearrangementandbearstheliabilitiesrelatedtothearrangement.JointventurereferstoajointventurearrangementinwhichtheGrouponlyhasrightstothenetassetsofthearrangement.TheGroup'sinvestmentsinjointventuresareaccountedforusingtheequitymethodandaretreatedinaccordancewiththeaccountingpoliciesdescribedin"V(22)LongtermEquityInvestments"inthisnote.Thegroupdoesnotinvolvejointoperations.

8.CashandcashequivalentsCashandcashequivalentscomprisecashonhand,demanddeposits,andshort-term,highlyliquidinvestments,whicharereadilyconvertibleintoknownamountsofcashandaresubjecttoaninsignificantriskofchangeinvalue.

9.ForeigncurrencytransactionsForeigncurrencytransactionsaretranslatedintorecordingcurrencyusingtheexchangeratesprevailingatthedatesofthetransactions.Atthebalancesheetdate,monetaryitemsdenominatedinforeigncurrenciesaretranslatedintoRMBusingthespotexchangeratesonthebalancesheetdate.Exchangedifferencesarisingfromthesetranslationsarerecognisedinprofitorlossforthecurrentperiod,exceptforthoseattributabletoforeigncurrencyborrowingsthathavebeentakenoutspecificallyforacquisitionorconstructionofqualifyingassets,whicharecapitalisedaspartofthecostofthoseassets.Non-monetaryitemsdenominatedinforeigncurrenciesthataremeasuredathistoricalcostsaretranslatedatthebalancesheetdateusingthespotexchangeratesatthedateofthetransactions.Theeffectofexchangeratechangesoncashispresentedseparatelyinthecashflowstatement.

10.FinancialinstrumentsFinancialinstrumentsrefertocontractsthatformfinancialassetsofonepartyandfinancialliabilitiesorequityinstrumentsofotherparties.WhentheGroupbecomesapartytoafinancialinstrumentcontract,therelevantfinancialassetsorfinancialliabilitiesarerecognized.

(a)Financialassets(i)ClassificationandmeasurementAccordingtothebusinessmodelformanagingfinancialassetsandthecontractualcashflowcharacteristicsoffinancialassets,theGroupclassifiesfinancialassetsinto:(1)Financialassetsmeasuredinamortizedcost;(2)Financialassetsmeasuredatfairvalue,whosechangesareincludedinothercomprehensiveincome;(3)Financialassetsmeasuredatfairvalueandwhosechangesareincludedincurrentprofitsandlosses.Theinitialmeasurementoffinancialassetsiscalculatedbyusingfairvalue.Forfinancialassetsmeasuredatfairvalue,whosechangesareincludedincurrentprofitsandlosses,relevanttransactioncostsaredirectlyincludedincurrentprofitsandlosses;Forothertypesoffinancialassets,relevanttransactioncostsareincludedintheinitialrecognitionamount.AccountsreceivableornotesreceivablearisingfromthesaleofproductsortheprovisionoflaborservicesthatdonotincludeortakeintoaccountsignificantfinancingcomponentsareinitiallyrecognizedbytheGroupinaccordancewiththeamountofconsiderationthattheGroupisexpectedtobeentitledtoreceive.DebtinstrumentDebtinstrumentsheldbytheGrouprefertoinstrumentsthatmeetthedefinitionoffinancialliabilitiesfromtheperspectiveoftheissuerandaremeasuredinthefollowingways:

Measuredinamortizedcost:

TheGroup'sbusinessmodelformanagingsuchfinancialassetsistocollectthecontractualcashflow,andthecontractualcashflowcharacteristicsofsuchfinancialassetsareconsistentwiththebasiclendingarrangements,thatis,thecashflowgeneratedonaspecificdateisonlythepaymentofprincipalandinterestbasedontheamountofoutstandingprincipal.TheGrouprecognizesinterestincomeforsuchfinancialassetsaccordingtotheeffectiveinterestratemethod.Suchfinancialassetsmainlyincludemonetaryfunds,accountsreceivable,otherreceivablesandlong-termreceivables.TheGrouplistslong-termreceivablesduewithinoneyear(includingoneyear)fromthebalancesheetdateasnon-currentassetsduewithinoneyear.EquityinstrumentsTheGroupwillmeasuretheequityinstrumentinvestmentsthatithasnocontrol,jointcontrolandsignificantinfluenceonatfairvalue,andtheirchangesareincludedinthecurrentprofitsandlosses,andlistedastradingfinancialassets.Inaddition,theGroupdesignatedsomenon-tradingequityinstrumentinvestmentsasfinancialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincomeandlistedthemasotherequityinstrumentinvestments.Dividendincomerelatedtosuchfinancialassetsisincludedincurrentprofitsandlosses.(ii)ImpairmentForfinancialassetsmeasuredinamortizedcost,theGrouprecognizeslossreservesonthebasisofexpectedcreditlosses.TheGrouptakesintoaccountreasonableandreliableinformationonhistoricalevents,currentsituationandfutureeconomicsituationforecasts,andusestheriskofdefaultastheweighttocalculatetheprobabilityweightedamountofthepresentvalueofthedifferencebetweenthecashflowreceivablefromthecontractandthecashflowexpectedtobereceivedtoconfirmtheexpectedcreditloss.Oneachbalancesheetdate,theGroupseparatelymeasurestheexpectedcreditlossesoffinancialinstrumentsatdifferentstages.Ifthecreditriskoffinancialinstrumentshasnotincreasedsignificantlysincetheinitialconfirmation,itisinthefirststage.TheGroupmeasuresthelossreserveaccordingtotheexpectedcreditlossinthenext12months;Ifthecreditriskofafinancialinstrumenthasincreasedsignificantlysinceitsinitialrecognitionbutnocreditimpairmenthasoccurred,itisinthesecondstage.TheGroupmeasuresthelossreserveaccordingtotheexpectedcreditlossoftheinstrumentthroughouttheduration;Ifafinancialinstrumenthassufferedcreditimpairmentsinceitsinitialrecognition,itisinthethirdstage.TheGroupmeasuresthelossreserve

accordingtotheexpectedcreditlossoftheinstrumentthroughouttheduration.Forfinancialinstrumentswithlowcreditriskonthebalancesheetdate,theGroupassumesthattheircreditriskhasnotincreasedsignificantlysincetheinitialconfirmation,andmeasuresthelossreserveaccordingtotheexpectedcreditlossinthenext12months.Forfinancialinstrumentsinthefirstandsecondstagesandwithlowcreditrisk,theGroupcalculatesinterestincomebasedonthebookbalancebeforedeductingimpairmentprovisionsandtheactualinterestrate.Forfinancialinstrumentsinthethirdstage,theinterestincomeshallbecalculatedaccordingtotheirbookbalanceminustheamortizedcostafterimpairmentprovisionandtheactualinterestrate.Foraccountsreceivable,regardlessofwhetherthereisanysignificantfinancingcomponent,theGroupmeasuresthelossreserveaccordingtotheexpectedcreditlossthroughouttheduration.Whenasinglefinancialassetcannotevaluatetheexpectedcreditlossinformationatareasonablecost,theGroupdividesthereceivablesintoseveralcombinationsaccordingtothecreditriskcharacteristics,calculatestheexpectedcreditlossonthebasisofthecombinations,anddeterminesthecombinationonthefollowingbasis:

Accountreceivableportfolio1:AccountsreceivablefromelectricitysalesAccountreceivableportfolio2:RelatedpartyreceivableAccountreceivableportfolio3:OtheraccountreceivableOtherAccountreceivableportfolio1:AdvancepaymentsreceivablepettycashandotherreceivableForaccountsreceivabledividedintocombinations,theGroupreferstothehistoricalcreditlossexperience,combinesthecurrentsituationwiththeforecastoffutureeconomicsituation,compilesacomparisontableofoverduedaysofaccountsreceivableandtheexpectedcreditlossrateforthewholeduration,andcalculatestheexpectedcreditloss.Forotherreceivablesdividedintoportfolios,theGroupreferstothehistoricalcreditlossexperience,combinesthecurrentsituationwiththeforecastoffutureeconomicsituation,andcalculatestheexpectedcreditlossthroughdefaultriskexposureandtheexpectedcreditlossratewithinthenext12monthsorthewholeduration.TheGroupincludestheaccruedorreversedlossreservesintothecurrentprofitsandlosses.（iii）DerecognitionoffinancialassetsAfinancialassetisderecognisedwhen:(i)thecontractualrightstothecashflowsfromthefinancialassetexpire,(ii)thefinancialassethasbeentransferredandtheGrouptransferssubstantiallyalltherisksandrewardsofownershipofthefinancialassettothetransferee,or(iii)thefinancialassethasbeentransferredandtheGrouphasnotretainedcontrolofthefinancialasset,althoughtheGroupneithertransfersnorretainssubstantiallyalltherisksandrewardsofownershipofthefinancialasset.Whentheinvestmentinotherequityinstrumentsisderecognized,thedifferencebetweenthebookvalueandtheconsiderationreceivedandtheaccumulatedamountofthechangesinfairvalueoriginallyincludedinothercomprehensiveincomeshallbeincludedintheretainedincome;Onderecognitionofafinancialasset,thedifferencebetweenthecarryingamountandthesumoftheconsiderationreceivedandthecumulativechangesinfairvaluethathadbeenrecogniseddirectlyinowners’equity,isrecognisedinprofitorloss.(b)FinancialliabilitiesFinancialliabilitiesareclassifiedintothefollowingcategoriesatinitialrecognition:financialliabilitiesatfairvaluethroughprofitorlossandotherfinancialliabilities.ThefinancialliabilitiesoftheGroupareothercomprisefinancialliabilities,includingpayables,borrowingsanddebenturespayable.Thiskindoffinancialliabilitiesareinitiallymeasuredaccordingtotheirfairvalueafterdeductingtransactioncosts,andaresubsequentlymeasuredusingtheeffectiveinterestratemethod.Ifthetermislessthanoneyear(includingoneyear),itshallbelistedascurrentliabilities;Ifthetermismorethanoneyearbutexpireswithinoneyear(includingoneyear)fromthebalancesheetdate,itshallbelistedasnon-currentliabilities

duewithinoneyear;Therestislistedasnon-currentliabilities.Whenthecurrentobligationofthefinancialliabilityhasbeendischargedinwholeorinpart,theGroupterminatestherecognitionofthepartofthefinancialliabilityorobligationthathasbeendischarged.Thedifferencebetweenthebookvalueoftheterminationrecognitionandtheconsiderationpaidshallbeincludedintheprofitandlossofthecurrentperiod.(c)DeterminationofthefairvalueofthefinancialinstrumentsThefairvalueofafinancialinstrumentthatistradedinanactivemarketisdeterminedatthequotedpriceintheactivemarket.Thefairvalueofafinancialinstrumentthatisnottradedinanactivemarketisdeterminedbyusingavaluationtechnique.Valuationtechniquesincludeusingpricesofrecentmarkettransactionsbetweenknowledgeableandwillingparties,referencetothecurrentfairvalueofanotherfinancialassetthatissubstantiallythesamewiththisinstrument,anddiscountedcashflowanalysis,etc.Whenavaluationtechniqueisusedtoestablishthefairvalueofafinancialinstrument,itmakesthemaximumuseofobservablemarketinputsandreliesaslittleaspossibleonentity-specificinputs.Whentheobservableinputsarenotavailableorareunrealistictoobtained,unobservableinputsshallbeused

11.NotereceivableSeeNoteV(10)FinancialInstrumentsfordetails.

12.AccountreceivableSeeNoteV(10)FinancialInstrumentsfordetails.

13.FinancingreceivableNotapplicable

14.OtheraccountreceivableDeterminationmethodofexpectedcreditlossofotherreceivablesandaccountingtreatmentmethodSeeNoteV(10)FinancialInstrumentsfordetails.

15.Inventories(a)ClassificationInventoriesincludefuelandsparepartsmeasuredatthelowerofcostandnetrealisablevalue..(b)CostofinventoriestransferredoutCostoffueltransferredoutiscalculatedusingtheweightedaveragemethod.Sparepartsareamortisedinfullwhenreceivedforuse.(c)BasisfordeterminingthenetrealisablevalueofinventoriesandprovisioningmethodsfordeclineinvalueofinventoriesAnyexcessofthecostoverthenetrealisablevalueofinventoriesisrecognisedasaprovisionfordiminutioninthevalueofinventories.Netrealisablevalueismeasuredbytheestimatedsellingpriceintheordinarycourseofbusinesslesstheestimatedcostsnecessarytomakethesaleandrelevanttaxes.(d)TheGroupmaintainsaperpetualinventorysystem..

(e)Amortizationmethodsoflow-valueconsumablesLow-valueconsumablesareamortizedinfullamount.

16.ContractassetsSeeNoteV(10)FinancialInstrumentsfordetails.

17.ContractcostsNotapplicable

18.Held-for-saleassetsNotapplicable

19.Creditor'srightsinvestmentNotapplicable

20.OtherCreditor'srightsinvestmentNotapplicable

21.Long-termaccountreceivableSeeNoteV(10)FinancialInstrumentsfordetails.

22.Long-termequityinvestmentLong-termequityinvestmentscomprisethecompany’slong-termequityinvestmentsinitssubsidiariesandtheGroup’slong-termequityinvestmentsinitsassociates.Subsidiariesaretheinvesteesoverwhichthecompanyisabletoexercisecontrol.AssociatesaretheinvesteesoverwhichtheGrouphassignificantinfluence,butnotcontrol,ontheirfinancialandoperatingpolicies.Investmentsinsubsidiariesarepresentedinthecompany’sfinancialstatementsusingthecostmethod,andareadjustedtotheequitymethodwhenpreparingtheconsolidatedfinancialstatements.Investmentsinassociatesareaccountedforusingtheequitymethod.(a)DeterminationofinvestmentcostForlong-termequityinvestmentsacquiredthroughabusinesscombination:forlong-termequityinvestmentsacquiredthroughabusinesscombinationinvolvingenterprisesundercommoncontrol,theinvestmentcostshallbetheabsorbingparty’sshareofthecarryingamountofowners’equityofthepartybeingabsorbedatthecombinationdate;forlong-termequityinvestmentacquiredthroughabusinesscombinationinvolvingenterprisesnotundercommoncontrol,theinvestmentcostshallbethecombinationcost.Forlong-termequityinvestmentsacquirednotthroughabusinesscombination:ifthelong-termequityinvestmentsareacquiredincash,theinitialinvestmentcostshallbethepurchasepriceactuallypaid;ifthelong-termequityinvestmentsareacquiredbyissuingequitysecurities,theinitialinvestmentcostshallbethefairvalueoftheequitysecurities.(b)Subsequentmeasurementandrecognitionofrelatedprofitandloss

Forlong-termequityinvestmentsaccountedforusingthecostmethod,theyaremeasuredattheinitialinvestmentcosts,andcashdividendsorprofitdistributiondeclaredbytheinvesteesarerecognisedasinvestmentincomeinprofitorloss.Forlong-termequityinvestmentsaccountedforusingtheequitymethod,wheretheinitialinvestmentcostexceedstheGroup’sshareofthefairvalueoftheinvestee’sidentifiablenetassetsatthetimeofacquisition,theinvestmentisinitiallymeasuredatcost.WheretheinitialinvestmentcostislessthantheGroup’sshareofthefairvalueoftheinvestee’sidentifiablenetassetsatthetimeofacquisition,thedifferenceisincludedinprofitorlossforthecurrentperiodandthecostofthelong-termequityinvestmentisadjustedaccordingly.Forlong-termequityinvestmentsaccountedforusingtheequitymethod,theGrouprecognisestheinvestmentincomeorlossesaccordingtoitsshareofnetprofitorlossoftheinvestee.TheGroupdiscontinuesrecognisingitsshareofnetlossesofaninvesteeafterthecarryingamountofthelong-termequityinvestmenttogetherwithanylong-termintereststhat,insubstance,formpartoftheinvestor’snetinvestmentintheinvesteearereducedtozero.However,iftheGrouphasobligationsforadditionallossesandthecriteriawithrespecttorecognitionofprovisionsundertheaccountingstandardsoncontingenciesaresatisfied,theGroupcontinuesrecognisingtheinvestmentlossesandtheprovisions.Thecompanyshalladjustthecarryingamountofthelongterminvestmentforotherchangesinshareholders’equityoftheinvestee(otherthannetprofitsorlosses),andincludethecorrespondingadjustmentinshareholders’equity.ThecarryingamountoftheinvestmentisreducedbytheGroup’sshareoftheprofitdistributionorcashdividendsdeclaredbyaninvestee.Theunrealisedprofitsorlossesarisingfromtheintra-grouptransactionsamongsttheGroupanditsinvesteesareeliminatedinproportiontotheGroup’sequityinterestintheinvestees,andthenbasedonwhichtheinvestmentgainsorlossesarerecognised.Forthelossontheintra-grouptransactionamongsttheGroupanditsinvesteesattributabletoassetimpairment,anyunrealisedlossisnoteliminated.(c)BasisfordeterminingexistenceofcontrolandsignificantinfluenceoverinvesteesControlisthepowertogoverntheinvesteesoastoobtainvariablereturnsbyparticipatingintherelatedbusinessactivitiesoftheinvesteesandtheabilitytoaffectthereturnsbyexercisingitspowerovertheinvestees.Jointcontrolisthecontractuallyagreedsharingofcontroloveraninvestee’seconomicactivities,andexistsonlywhenthestrategicfinancialandoperatingdecisionsrelatingtotheactivitiesrequiretheunanimousconsentoftheGroupandthepartiessharingthecontrol.Significantinfluenceisthepowertoparticipateinthefinancialandoperatingpolicydecisionsoftheinvestee,butisnotcontrolorjointcontroloverthosepolicies.(d)Impairmentoflong-termequityinvestThecarryingamountoflong-termequityinvestmentsinsubsidiaries,jointventure,andassociatesisreducedtotherecoverableamountwhentherecoverableamountislessthanthecarryingamount（Note5(31).

23.InvestmentpropertiesThemeasurementmodeofinvestmentpropertyThemeasurementbythecostmethodDepreciationoramortizationmethodInvestmentproperties,includinglanduserightsthathavealreadybeenleasedoutandbuildingsthatareheldforthepurposeofleasingaremeasuredinitiallyatcost.SubsequentexpendituresincurredinrelationtoaninvestmentpropertiesareincludedinthecostoftheinvestmentpropertywhenitisprobablethattheassociatedeconomicbenefitswillflowtotheGroupandtheircostscanbereliablymeasured;otherwise,theexpendituresarerecognisedinprofitorlossintheperiodinwhichtheyareincurred.

TheGroupadoptsthecostmodelforsubsequentmeasurementofinvestmentproperties.Buildingsandlanduserightsaredepreciatedoramortizedtotheirestimatednetresidualvaluesovertheirestimatedusefullives.Theestimatedusefullives,theestimatednetresidualvaluesthatareexpressedasapercentageofcostandtheannualdepreciation(amortization)ratesofinvestmentpropertiesareasfollows:

Estimatedusefullives

	Estimatedusefullives	Estimatednetresidualvalue	Annualdepreciationrates
HouseandBuilding	20-40years	0%to5%	2.38%to4.75%
Landuseright	60years	0%	1.67%

Theinvestmentproperty’sestimatedusefullife,netresidualvalueanddepreciation(amortisation)methodappliedarereviewedandadjustedasappropriateateachyear-end.Whenaninvestmentpropertyistransferredtoowner-occupiedproperties,itisreclassifiedasfixedassetatthedateofthetransfer.Thecarryingamountofthefixedassetshallbemeasuredonthebasisoffairvalueoftheinvestmentproperty.Aninvestmentpropertyisderecognisedondisposalorwhentheinvestmentpropertyispermanentlywithdrawnfromuseandnofutureeconomicbenefitsareexpectedfromitsdisposal.Thenetamountofproceedsfromsale,transfer,retirementordamageofaninvestmentpropertyafteritscarryingamountandrelatedtaxesandexpensesisrecognisedinprofitorlossforthecurrentperiod.Thecarryingamountofaninvestmentpropertyisreducedtotherecoverableamountiftherecoverableamountisbelowthecarryingamount(NoteV(31)).

24.Fixedassets

（1）RecognitionoffixedassetsFixedassetscompriseplantandbuilding,powergeneratorequipment,motorvehiclesandotherequipment.FixedassetisrecognisedwhenitisprobablethattherelatedeconomicbenefitswillflowtotheGroupanditscostcanbereliablymeasured.FixedassetspurchasedorconstructedbytheGroupareinitiallymeasuredatcostattheacquisitiondate.Thefixedassetsinjectedbythestate-ownedshareholderduringtherestructuringofcorporationwereinitiallyrecordedatthevaluatedamountapprovedbytherelevantauthoritiesmanagingstate-ownedassets.SubsequentexpendituresincurredforafixedassetareincludedinthecostofthefixedassetwhenitisprobablethattheeconomicbenefitsassociatedwiththefixedassetwillflowtotheGroupandthecostscanbereliablymeasured.Thecarryingamountofthosepartsthatarereplacedisderecognisedandalltheothersubsequentexpendituresarerecognisedinincomestatementwhentheyareincurred.

（2）Depreciationoffixedassets

Category	Themethodfordepreciation	Expectedusefullife（Year）	Estimatedresidualvalue	Depreciation
Houseandbuilding	Straight-linemethod	10to50years	0%to5%	1.90%to9.50%
Generationequipment	Straight-linemethod	5to30years	0%to5%	3.17%to20%
Transportationequipment	Straight-linemethod	5to10years	0%to5%	9.50%to20%
Otherequipment	Straight-linemethod	5to22years	0%to5%	4.32%to20%

Exceptforfixedassetspurchasedusingworksafetyfunds,otherfixedassetsaredepreciatedusingthestraight-linemethodtoallocatethecostoftheassetstotheirestimatednetresidualvaluesovertheirestimatedusefullives.Forthefixedassetsthathavebeenprovidedforimpairmentloss,therelateddepreciationchargeisprospectivelydeterminedbasedupontheadjustedcarryingamountsovertheirremainingusefullives.

Fixedassetsaredepreciatedusingthestraight-linemethodtoallocatethecostoftheassetstotheirestimatednetresidualvaluesovertheirestimatedusefullives.Forthefixedassetsthathavebeenprovidedforimpairmentloss,therelateddepreciationchargeisprospectivelydeterminedbasedupontheadjustedcarryingamountsovertheirremainingusefullives.Theestimatedusefullifeandtheestimatednetresidualvalueofafixedassetandthedepreciationmethodappliedtotheassetarereviewed,andadjustedasappropriateateachyear-end.(a)Thecarryingamountsoffixedassetsarereducedtotherecoverableamountswhentherecoverableamountsarebelowtheircarryingamounts(NoteV(31)).Afixedassetisderecognisedondisposalorwhennofutureeconomicbenefitsareexpectedfromitsuseordisposal.Theamountofproceedsfromdisposalsonsale,transfer,retirementordamageofafixedassetnetofitscarryingamountandrelatedtaxesandexpensesisrecognisedinprofitorlossforthecurrentperiod.

(3)CognizanceevidenceandpricingmethodoffinancialleasingfixedassetsSeeNoteV(42)Leasefordetails.

25.ConstructioninprogressConstructioninprogressismeasuredatitsactualcostsincurred.Actualcostsincludeconstructioncost,installationcost,capitalisedborrowingcosts,andanyothercostsdirectlyattributabletobringingtheassettoworkingconditionforitsintendeduse.Whentheconstructioninprogressisreadyforitsintendeduse,itistransferredtofixedassetsandstartsdepreciationthefollowingmonth.Whenrecoverableamountoftheconstructioninprogressislowerthanitscarryingvalue,itscarryingvalueisthenreducedtotherecoverableamount（NoteV(31)).

26.BorrowingcostsTheborrowingcoststhataredirectlyattributabletotheacquisitionandconstructionofafixedassetthatneedsasubstantiallylongperiodoftimeofacquisitionandconstructionforitsintendedusecommencetobecapitalizedandrecordedaspartofthecostoftheassetwhenexpendituresfortheassetandborrowingcostshavebeenincurred,andtheactivitiesrelatingtotheacquisitionandconstructionthatarenecessarytopreparetheassetforitsintendedusehavecommenced.Thecapitalizationofborrowingcostsceaseswhentheassetunderacquisitionorconstructionbecomesreadyforitsintendeduse,theborrowingcostsincurredthereafterarerecognisedinincomestatement.Capitalizationofborrowingcostsissuspendedwhentheacquisitionorconstructionofafixedassetisinterruptedabnormallyandtheinterruptionlastsformorethan3months,untiltheacquisitionorconstructionisresumed.Forthespecificborrowingsobtainedfortheacquisitionorconstructionofafixedassetqualifyingforcapitalization,theamountofborrowingcostseligibleforcapitalizationisdeterminedbydeductinganyinterestincomeearnedfromdepositingtheunusedspecificborrowingsinthebanksoranyinvestmentincomearisingonthetemporaryinvestmentofthoseborrowingsduringthecapitalizationperiod.Forthegeneralborrowingsobtainedfortheacquisitionorconstructionofafixedassetqualifyingforcapitalization,theamountofborrowingcostseligibleforcapitalizationisdeterminedbyapplyingtheweightedaverageeffectiveinterestrateofgeneralborrowings,totheweightedaverageoftheexcessamountofcumulativeexpendituresontheassetovertheamountofspecificborrowings.Theeffectiveinterestrateistherateatwhichtheestimatedfuturecashflowsduringtheperiodofexpecteddurationoftheborrowingsorapplicableshorterperiodarediscountedtotheinitialamountoftheborrowings.

27.BiologicalAssetsNotapplicable

28.Oil&GasassetsNotapplicable

29.RighttouseassetsTheGrouprecognizestheright-to-useassetsonthestartdateoftheleaseterm,andrecognizestheleaseliabilitiesaccordingtothepresentvalueoftheunpaidleasepayments.Theleasepaymentamountincludesthefixedpaymentamount,andtheamounttobepaidwhenitisreasonablydeterminedtoexerciseorterminatethecalloption.Thevariablerentdeterminedaccordingtoacertainpercentageofthesalesamountisnotincludedintheleasepaymentamount,butisincludedinthecurrentprofitsandlosseswhenitactuallyoccurs.TheGroupliststheleaseliabilitiespaidwithinoneyear(includingoneyear)fromthebalancesheetdateasnon-currentliabilitiesduewithinoneyear.Theright-to-useassetsoftheGroupincluderentedhousesandbuildings,machinery,equipmentandmeansoftransport,etc.Theright-to-useassetsareinitiallymeasuredaccordingtothecost,whichincludestheinitialmeasuredamountoftheleaseliabilities,theleasepaymentamountandtheinitialdirectexpensespaidonorbeforethestartdateoftheleaseterm,etc.,withthereceivedleaseincentivesdeducted.IftheGroupcanreasonablydeterminethattheownershipoftheleasedassetisacquiredattheexpirationoftheleaseterm,depreciationshallbeaccruedwithintheremainingservicelifeoftheleasedasset;Ifitisimpossibletoreasonablydeterminewhethertheownershipoftheleasedassetcanbeacquiredattheexpirationoftheleaseterm,depreciationshallbeaccruedwithintheleasetermortheremainingservicelifeoftheleasedasset,whicheverisshorter.Whentherecoverableamountislowerthanthebookvalueoftheright-to-useassets,theGroupwillwritedownitsbookvaluetotherecoverableamount.Forshort-termleaseswithaleasetermofnomorethan12monthsandlow-valueassetleaseswithlowvaluewhenasingleassetisbrandnew,theGroupchoosesnottorecognizetheright-to-useassetsandleaseliabilities,andincludetherelatedrentalexpensesinthecurrentprofitsandlossesorrelatedassetcostsbythestraight-linemethodineachperiodoftheleaseterm.Whentheleasechangesandthefollowingconditionsaremet,theGroupwilltreatitasaseparateleaseforaccounting:(1)Theleasechangeexpandstheleasescopebyincreasingtherighttouseoneormoreleasedassets;(2)Theincreasedconsiderationisequivalenttotheamountoftheseparatepriceoftheexpandedpartoftheleasescopeadjustedaccordingtothecontract.Whentheleasechangeisnottreatedforaccountingasaseparatelease,exceptforsimplifiedmethodadoptedforcontractchangedirectlycausedbytheCOVID-19,theGroupredeterminestheleasetermontheeffectivedateoftheleasechange,andusesthereviseddiscountratetodiscountthechangedleasepaymentandre-measuretheleaseliabilities.Iftheleasescopeisreducedortheleasetermisshortenedduetoleasechange,theGroupshallcorrespondinglyreducethebookvalueoftheright-to-useassets,andincludetherelatedgainsorlossesofpartialorfullterminationofleaseinthecurrentprofitsandlosses.Ifotherleasechangesleadtothere-measurementofleaseliabilities,theGroupwilladjustthebookvalueoftheright-to-useassetsaccordingly.

30.Intangibleassets

1.ValuationMethod,ServiceLifeandImpairmentTestofIntangibleAssetsIntangibleassetsmainlyincludinglanduserights,seauserights,software,associatedprojectsforelectricitytransmissionandtransformation,microwaveengineeringandtransportationengineeringaremeasuredatcost.Intangibleassetscontributedbythestate-ownedshareholdersattheincorporationofalimitedcompanyareinitiallyrecordedatthevaluationamountrecognisedbythestate-ownedassetssupervisionandadministrationdepartment.(a)LanduserightandseauserightLanduserightsareamortizedonastraight-linebasisovertheirapprovedperiodof20to70years.Ifthepurchasecostsoflandandattachedbuildingscannotbereasonablyallocatedbetweenthelanduserightandthebuildings,thepurchasecostsarerecognisedasfixedassets.(b)OtherintangibleassetsBesideslanduseright,seauseright,associatedprojectsforelectricitytransmissionandtransformation,microwaveengineeringandtransportationengineering,otherintangibleassetsareamortizedonastraight-linebasisovertheirexpectedlifeof2yearsto60years.(c)PeriodicreviewonusefullifeandmethodofamortizationForintangibleassetswithfiniteusefullife,theirexpectedlifeandamortizationmethodarereviewedandadjustedattheendofeveryyear.

(d)ImpairmentofintangibleassetsThecarryingamountofintangibleassetsisreducedtotherecoverableamountwhentherecoverableamountislessthanthecarryingamount(NoteV(31)).

（2）ResearchanddevelopmentTheexpenditureonaninternalresearchanddevelopmentprojectisclassifiedintoexpenditureontheresearchphaseandexpenditureonthedevelopmentphasebasedonitsnatureandwhetherthereismaterialuncertaintythattheresearchanddevelopmentactivitiescanformanintangibleassetattheendoftheproject.Expenditureontheresearchphaseisrecognisedinprofitorlossintheperiodinwhichitisincurred.Expenditureonthedevelopmentphaseiscapitalizedonlyifallofthefollowingconditionsaresatisfied:

?managementintendstocompletetheintangibleasset,anduseorsellit;?itcanbedemonstratedhowtheintangibleassetwillgenerateeconomicbenefits:productswith?theapplicationofintangibleassetsortheintangibleassetsthemselvescanprovetohavemarketvalue,intangibleassetsforinternaluseapplicationcanprovetobeofusefulness;?thereareadequatetechnical,financialandotherresourcestocompletethedevelopmentand?theabilitytouseorselltheintangibleasset;?itistechnicallyfeasibletocompletetheintangibleassetsothatitwillbeavailableforuseor?sale;and?theexpenditureattributabletotheintangibleassetduringitsdevelopmentphasecanbereliably?measured.Otherdevelopmentexpendituresthatdonotmeettheconditionsabovearerecognisedinprofitorlossintheperiodinwhichtheyareincurred.Developmentcostspreviouslyrecognisedasexpensesarenotrecognisedasanassetinasubsequentperiod.Capitalizedexpenditureonthedevelopmentphaseispresentedasdevelopmentcostsinthebalancesheetandtransferredtointangibleassetsatthedatethattheassetisreadyforitsintendeduse.

31.Impairmentoflong-termassetsFixedassets,constructioninprogress,intangibleassetswithfiniteusefullives,investmentpropertymeasuredat

costandlong-termequityinvestmentsinsubsidiaries,jointventure,andassociatesaretestedforimpairmentifthereisanyindicationthatanassetmaybeimpairedatthebalancedate.Iftheresultoftheimpairmenttestindicatesthattherecoverableamountoftheassetislessthanitscarryingamount,aprovisionforimpairmentandanimpairmentlossarerecognisedfortheamountbywhichtheasset’scarryingamountexceedsitsrecoverableamount.Therecoverableamountisthehigherofanasset’sfairvaluelesscoststosellandthepresentvalueofthefuturecashflowsexpectedtobederivedfromtheasset.Aprovisionforassetimpairmentisdeterminedandrecognisedonanindividualassetbasis.Ifitisnotpossibletoestimatetherecoverableamountofanindividualasset,therecoverableamountofthegroupofassetstowhichtheassetbelongsisdetermined.Agroupofassetsisthesmallestgroupofassetsthatisabletogenerateindependentcashinflows.Goodwillthatisseparatelypresentedinthefinancialstatementsistestedatleastannuallyforimpairment,irrespectiveofwhetherthereisanyindicationthatitmaybeimpaired.Inconductingthetest,thecarryingvalueofgoodwillisallocatedtotherelatedassetgrouporgroupsofassetgroupswhichareexpectedtobenefitfromthesynergiesofthebusinesscombination.Iftheresultofthetestindicatesthattherecoverableamountofanassetgrouporagroupofassetgroups,includingtheallocatedgoodwill,islowerthanitscarryingamount,thecorrespondingimpairmentlossisrecognised.Theimpairmentlossisfirstdeductedfromthecarryingamountofgoodwillthatisallocatedtotheassetgrouporgroupofassetgroups,andthendeductedfromthecarryingamountsofotherassetswithintheassetgrouporgroupofassetgroupsinproportiontothecarryingamountsofassetsotherthangoodwill.Oncetheassetimpairmentlossmentionedaboveisrecognised,itisnotallowedtobereversedforthevaluerecoveredinthesubsequentperiods.

32.Long-termdeferredexpensesLong-termprepaidexpensesincludetheexpenditureforimprovementstofixedassetsheldunderoperatingleases,andotherexpendituresthathavebeenincurredbutshouldberecognisedasexpensesovermorethanoneyearinthecurrentandsubsequentperiods.Long-termprepaidexpensesareamortizedonthestraight-linebasisovertheexpectedbeneficialperiodandarepresentedatactualexpenditurenetofaccumulatedamortization.

33.ConstractLiabilitiesSeeNoteV(39)Revenuefordetails.

34.Employeebenefits

(1)Short-termemployeebenefitsShort-termremunerationsmainlyincludewagesorsalaries,bonuses,allowancesandsubsidies,staffwelfare,medicalinsurance,workinjuryinsurance,maternityinsurance,housingfunds,labourunionfunds,employeeeducationfunds,short-termpaidabsence.Short-termremunerationsarerecognisedascurrentliabilitiesintheaccountingperiodinwhichtheservicehasbeenrenderedbytheemployees,andascostsofassetsorexpensestowhichevertheemployeeserviceisattributable.Non-monetarybenefitsaremeasuredatfairvalue.

（2）Post–employmentbenefitsThecompany’spost-employmentbenefitsschemeincludesbothDefinedContributionPlan(DCP)andDefinedBenefitPlan(DBP).ADCPisapensionplanunderwhichthecompanypaysfixedcontributionsintoaseparateentityandhasnolegalorconstructiveobligationstopayfurthercontributionsifthefunddoesnotholdsufficientassetstopayallemployeesthebenefitsrelatingtoemployeeserviceinthecurrentandpriorperiods.ADBPisa

pensionplanthatisnotadefinedcontributionplan.Duringtheperiodsofreporting,thecompany’spost-employmentbenefitsschememainlyincludesbasicpensioninsuranceandunemploymentinsurances,bothofwhichareDCP.BasicpensioninsuranceEmployeesoftheGrouphaveenteredintothesocialpensioninsuranceschemeorganizedbylocallabourandsocialsecuritydepartment.TheGrouppaysbasicpensioninsurancestolocallabourandsocialsecuritydepartmentmonthlyaccordingtolocalinsurancebaseandcorrespondingrate.Locallabourandsocialsecuritydepartmentisobligatedtopaybasicpensionstoretiredemployees.SupplementarypensioninsuranceThecompanypurchasessupplementarypensioninsuranceonbehalfofemployees,andpayspensioninsurancesaccordingtothepoliciesofEnergyGroup.Theamountsbasedontheabovecalculationsarerecognisedasliabilitiesintheaccountingperiodinwhichtheservicehasbeenrenderedbytheemployees,withacorrespondingchargetotheprofitorlossforthecurrentperiodorthecostofrelevantassets.DefinedbenefitplanFordefinedbenefitplan,theGroupusedtheprojectedunitcreditmethodandincludestheobligationofthedefinedbenefitplanintheaccountingperiodinwhichtheservicehasbeenrenderedbytheemployees,withacorrespondingchargetotheprofitorlossfortheperiod.Thecostofemployeebenefitsarisingfromdefinedbenefitplansareclassifiedintothefollowingparts:

—servicecost(includingcurrentservicecostaswellasgainsandlossesoncurtailmentsandsettlements);—netinterestexpensesonnetliabilitiesofthedefinedbenefitplan(includinginterestexpensesforobligationsofthedefinedbenefitplan);and—ChangesarisingfromremeasurementonnetliabilitiesofdefinedbenefitplansServicecostandnetinterestexpensesonnetliabilitiesofdefinedbenefitplansareincludedinprofitorlossforthecurrentperiod.Changesarisingfromremeasurementonnetliabilitiesofdefinedbenefitplans(includingactuarialgainsorlosses)areincludedinothercomprehensiveincome.

(3)TerminationbenefitsTheGroupprovidescompensationforterminatingtheemploymentrelationshipwithemployeesbeforetheendoftheemploymentcontractsorasanoffertoencourageemployeestoacceptvoluntaryredundancybeforetheendoftheemploymentcontracts.TheGrouprecognisesaliabilityarisingfromcompensationforterminationoftheemploymentrelationshipwithemployees,withacorrespondingchargetoprofitorlossattheearlierofthefollowingdates:1)whentheGroupcannotunilaterallywithdrawtheofferofterminationbenefitsbecauseofanemploymentterminationplanoracurtailmentproposal;2)whentheGrouprecognisescostsorexpensesrelatedtotherestructuringthatinvolvesthepaymentofterminationbenefits.

(4)Otherlong-termemployeebenefitsEarlyretirementbenefitsTheGroupprovidesearlyretirementbenefitsforemployeeswhoenrolledininternalretirementarrangement.EarlyretirementbenefitsrefertowagesandsocialbenefitpaidbytheGrouponbehalfoftheemployeeswhohavenotmeetretirementagerequirementbutvoluntarilyretireafterpermissionfromtheGroup’smanagementlevel.TheGroupstartspayingearlyretirementbenefitstoearlyretiredemployeesfromthestartdateoftheirearlyretirementuntiltheyreachthestatutoryretirementage.Fortheaccountingtreatmentofearlyretirementbenefits,theGroupadoptsthesamemethodasterminationbenefits,thatis,uponconfirmingtheterminationbenefitscomplywithrelevantconditions,proposedpaymentofearlyretirementwages.andsocialsecurityfromthestart

dateofterminationofservicestothedateofstatutoryretirementagearerecognisedasliabilityandrecordedintoprofitandlossatlumpsum.Thediscrepancycausedbychangeinactuarialassumptionandadjustmentofwelfarestandardisrecordedintocurrentprofitorloss.

35.LeaseliabilitiesSeeNoteV(42)Leasefordetails.

36.EstimatedLiabilitiesProvisionsforproductwarranties,onerouscontractsetc.arerecognisedwhentheGrouphasapresentobligation,itisprobablethatanoutflowofeconomicbenefitswillberequiredtosettletheobligation,andtheamountoftheobligationcanbemeasuredreliably.Aprovisionisinitiallymeasuredatthebestestimateoftheexpenditurerequiredtosettletherelatedpresentobligation.Factorssurroundingacontingency,suchastherisks,uncertaintiesandthetimevalueofmoney,aretakenintoaccountasawholeinreachingthebestestimateofaprovision.Wheretheeffectofthetimevalueofmoneyismaterial,thebestestimateisdeterminedbydiscountingtherelatedfuturecashoutflows.Theincreaseinthediscountedamountoftheprovisionarisingfrompassageoftimeisrecognisedasinterestexpense.Thecarryingamountofprovisionsisreviewedateachbalancesheetdateandadjustedtoreflectthecurrentbestestimate.TheGrouprecognisesthelossprovisionoffinancialguaranteecontractswhichprovisionisbasedonECL.Theprovisionsexpectedtobesettledwithinoneyearsincethebalancesheetdateareclassifiedascurrentliabilities.

37.SharepaymentNotapplicable

38.OtherfinancialinstrumentssuchaspreferredstocksandperpetualbondsNotapplicable

39.RevenueAccountingpoliciesadoptedforincomerecognitionandmeasurementWhenthecustomerobtainsthecontroloftherelevantgoodsorservices,theGrouprecognizestheincomeaccordingtotheexpectedamountofconsiderationthatitisentitledtoreceive.(a)RevenuefromsalesofelectricityandheatenergyRevenueisrecognisedwhenelectricityandheatenergyaresuppliedtogridcompaniesorcustomers,andgridcompaniesorcustomersobtaincontroloverelectricity.(b)Revenuefromsalesofby-productsRevenuefromthesalesofgoodsisrecognisedwhentheGrouptransfersby-products(suchascoalash)producedbyelectricitygenerationstothedesignateddeliveryplacepursuanttothecontractoragreement,therecipientresourceutilisationconfirmsreceiptandtheyobtaincontrolovertheby-products.(c)ProvisionofelectricpowertransactionserviceFortheelectricpowertransactionserviceprovidedbytheGrouptoexternalparties,uponthereceivingoftheservice,revenueisrecognisedbasedonthedifferencebetweenthepurchasepriceandthesellingpriceofelectricity.

(d)RenderingofservicesTheGroupprovidesmaintenanceservicestoexternalparties.Therelatedrevenueisrecognisedbasedonthestageofcompletionwithinacertainperiod,whichisdeterminedbasedonproportionofcostsincurredtodatetotheestimatedtotalcosts.Onthebalancesheetdate,theGroupre-estimatesthestageofcompletiontoreflecttheactualstatusofcontractperformance.WhentheGrouprecognisesrevenuebasedonthestageofcompletion,theamountwithunconditionalcollectionrightobtainedbytheGroupisrecognisedasaccountsreceivable,andtherestisrecognisedascontractassets.Meanwhile,lossprovisionforaccountsreceivableandcontractassetsarerecognisedonthebasisofECLs(NoteV(10)).Ifthecontractpricereceivedorreceivableexceedstheamountforthecompletedservice,theexcessportionwillberecognisedascontractliabilities.Contractassetsandcontractliabilitiesunderthesamecontractarepresentedonanetbasis.Contractcostsincludecontractperformancecostsandcontractacquisitioncosts.ThecostsincurredbytheGroupfortherenderingofmaintenanceservicesarerecognisedascontractperformancecostsandarecarriedforwardtothecostofmainoperationsbasedonthestageofcompletionwhenassociatedrevenueisrecognised.TheGroupprovidesexternalmaintenanceservice,revenueisrecognisedaccordingtothepercentagecompletionmethod,determinedbypercentageofthetotalcostincurred.Theadoptionofdifferentbusinessmodelsinsimilarbusinessesleadstodifferencesinaccountingpoliciesforincomerecognition

40.GovernmentgrantsGovernmentgrantsrefertothemonetaryornon-monetaryassetsobtainedbytheGroupfromthegovernment,includingtaxreturn,financialsubsidyandetc.GovernmentgrantsarerecognisedwhenthegrantscanbereceivedandtheGroupcancomplywithallattachedconditions.Ifagovernmentgrantisamonetaryasset,itwillbemeasuredattheamountreceivedorreceivable.Ifagovernmentgrantisanon-monetaryasset,itwillbemeasuredatitsfairvalue.Ifitisunabletoobtainitsfairvaluereliably,itwillbemeasuredatitsnominalamount.GovernmentgrantsrelatedtoassetsrefertogovernmentgrantswhichareobtainedbytheGroupforthepurposesofpurchase,constructionoracquisitionofthelong-termassets.Governmentgrantsrelatedtoincomerefertothegovernmentgrantsotherthanthoserelatedtoassets.Governmentgrantsrelatedtoassetsarerecordedasdeferredincomeandrecognisedinprofitorlossonasystemicbasisovertheusefullivesoftheassets.Governmentgrantsrelatedtoincomethatcompensatetheincurredcosts,expensesorlossesarerecognisedinprofitorloss.Governmentgrantsrelatedtoincomethatcompensatefuturecosts,expensesorlossesarerecordedasdeferredincomeandrecognisedinprofitorlossinreportingtherelatedcosts,expensesorlosses;governmentgrantsrelatedtoincomethatcompensateincurredcosts,expensesorlossesarerecognisedinprofitorlossdirectlyinthecurrentperiod.TheGroupappliesthepresentationmethodconsistentlytothesimilargovernmentgrantsinthefinancialstatements.Governmentgrantsthatarerelatedtoordinaryactivitiesareincludedinoperatingprofit,otherwise,theyarerecordedinnon-operatingincomeorexpenses.

41.Deferredincometaxassets/DeferredincometaxliabilityDeferredtaxassetsanddeferredtaxliabilitiesarecalculatedandrecognisedbasedonthedifferencesarisingbetweenthetaxbasesofassetsandliabilitiesandtheircarryingamounts(temporarydifferences).Deferredtax

assetisrecognisedforthedeductiblelossesthatcanbecarriedforwardtosubsequentyearsfordeductionofthetaxableprofitinaccordancewiththetaxlaws.NodeferredtaxliabilitiesisrecognisedforthetemporarydifferencesresultingfromtheinitialrecognitionofGoodwill.Nodeferredtaxassetordeferredtaxliabilityisrecognisedforthetemporarydifferencesresultingfromtheinitialrecognitionofassetsorliabilitiesduetoatransactionotherthanabusinesscombination,whichaffectsneitheraccountingprofitnortaxableprofit(ordeductibleloss).Atthebalancesheetdate,deferredtaxassetsanddeferredtaxliabilitiesaremeasuredatthetaxratesthatareexpectedtoapplytotheperiodwhentheassetisrealisedortheliabilityissettled.Deferredtaxassetsareonlyrecognisedfordeductibletemporarydifferences,deductiblelossesandtaxcreditstotheextentthatitisprobablethattaxableprofitwillbeavailableinthefutureagainstwhichthedeductibletemporarydifferences,deductiblelossesandtaxcreditscanbeutilised.Deferredtaxliabilitiesarerecognisedfortemporarydifferencesarisingfrominvestmentsinsubsidiaries,jointventure,andassociates,exceptwheretheGroupisabletocontrolthetimingofreversalofthetemporarydifference,anditisprobablethatthetemporarydifferencewillnotreverseintheforeseeablefuture.Whenitisprobablethatthetemporarydifferencesarisingfrominvestmentsinsubsidiariesandassociateswillbereversedintheforeseeablefutureandthatthetaxableprofitwillbeavailableinthefutureagainstwhichthetemporarydifferencescanbeutilised,thecorrespondingdeferredtaxassetsarerecognised.Deferredtaxassetsandliabilitiesareoffsetwhen:

?thedeferredtaxesarerelatetothesametaxpayerwithintheGroupandsamefiscalauthority,and;?thattaxpayerhasalegallyenforceablerighttooffsetcurrenttaxassetsagainstcurrenttaxliabilities.

42.Leases

（1）AccountingofoperationalleasingWhentheGroupoperatesleasedbuildings,machinery,equipmentandmeansoftransport,therentalincomefromoperatingleaseisrecognizedonastraight-linebasisduringtheleaseperiod.Thevariablerentdeterminedaccordingtoacertainproportionofthesalesamountisincludedintherentalincomewhenitactuallyoccurs.Fortherentconcessionsagreedonexistingleasecontracts,theGroupappliesthepracticalexpedienttoaccountfortheconcessionsasvariableleasepaymentsandrecordtheconcessionsinprofitorlossduringthewaivingperiodwhentheGroupselectsthesimplifiedmethod.ExceptthattheabovecontractchangesprescribedbytheMinistryofFinancethatcanbeusedthesimplifiedmethod,foraleasemodification,theGroupaccountsforitasanewleasefromtheeffectivedateofthemodification,andconsidersanyleasepaymentsreceivedinadvanceandreceivablerelatingtotheleasebeforemodificationasreceivablesofthenewlease.

（2）AccountingtreatmentoffinancingleasingSeeNoteV(29)

43.Othersignificantaccountingpoliciesandestimates

Othersignificantaccountingpolicies：

WorksafetyfundsSubsidiariesoftheGroupengagedinpowergenerationbusinessshallappropriateworksafetyfundsbasedontheactualrevenueinthepreviousyearandatthefollowingpercentages:

?3%fortheproportionofrevenueuptoRMB10millioninthepreviousyear;?

1.5%fortheproportionofrevenuebetweenRMB100millionandRMB1billioninthepreviousyear;

?1%fortheproportionofrevenuebetweenRMB100millionandRMB1billioninpreviousyear;?

0.8%fortheproportionofrevenuebetweenRMB1billionandRMB5billioninthepreviousyear;?

0.2%fortheproportionofrevenueexceedingRMB10billioninthepreviousyear.thepreviousyear.Worksafetyfundsaremainlyusedfortheimprovement,modificationandmaintenanceofsafetyprotectionfacilities,aswellassafetyproductioninspection,evaluation,consultation,standardisedconstruction,etc.Worksafetyfundsarerecognisedinprofitorlossasthe"Specialreserve"itemforthecurrentperiodwhenappropriated.Whenusingthespecialreserve,iftheexpendituresareexpensesinnature,theexpensesincurredareoffsetagainstthespecialreservedirectlywhenincurred.Iftheexpendituresarecapitalexpenditures,whenprojectsarecompletedandtransferredtofixedassets,thespecialreserveshouldbeoffsetagainstthecostoffixedassets,andacorrespondingaccumulateddepreciationisrecognised.Suchfixedassetsarenotdepreciatedinsubsequentperiods.

Carbonemissionuserights

CategorisedasanEnterprisewithHighEmissions,theGroupneedstofulfillitsemissionreductionobligationsandrecognisecarbonemissionrelatedassetsandexpendituresperrelevantregulations:

(i)ThepresentobligationsincurredbytheGroupinfulfillingitsemissionreductionobligationsaremeasuredatthebestestimateoftheexpenditurerequiredandrecognisedasotherpayablesandnon-operatingexpenses.(ii)TheGrouppurchasescarbonemissionallowancesandrecognisesrelatedcarbonemissionrightsassetsbasedonthecostpaidorpayableattheacquisitiondate,andthebalanceisincludedinothercurrentassets;theGroupmakesnoaccountingtreatmentforcarbonemissionallowancespurchasedatnilconsideration;(iii)TheGroupusesthepurchasedcarbonemissionallowancestofulfilitsemissionreductionobligationsandrecognisesthebookbalanceoftheallowancesusedasareductionofcarbonemissionrightsassets;theGroupmakesnoaccountingtreatmentifitusescarbonemissionallowancespurchasedatnilconsiderationtofulfilitsobligations;(iv)TheGroupsellscarbonemissionallowancesandrecognisesrelatednon-operatingincomeornon-operatingexpensesbasedonthedifferencebetweentheamountreceivedorreceivableatthedateofsaleandthebookbalanceoftheallowancessoldSegmentinformationTheGroupidentifiesoperatingsegmentsbasedontheinternalorganisationstructure,managementrequirementsandinternalreportingsystem,anddisclosessegmentinformationofreportablesegmentswhichisdeterminedonthebasisofoperatingsegments.AnoperatingsegmentisacomponentoftheGroupthatsatisfiesallofthefollowingconditions:(a)thecomponentisabletoearnrevenueandincurexpensesfromitsordinaryactivities;(b)whoseoperatingresultsareregularlyreviewedbytheGroup’smanagementtomakedecisionsaboutresourcestobeallocatedtothesegmentandtoassessitsperformance,and(c)forwhichtheinformationonfinancialposition,operatingresultsandcashflowsisavailabletotheGroup.Twoormoreoperatingsegmentsthathavesimilareconomiccharacteristicsandsatisfycertainconditionscanbeaggregatedintoonesingleoperatingsegment.CriticalaccountingestimatesandjudgementsTheGroupcontinuallyevaluatesthecriticalaccountingestimatesandkeyjudgementsappliedbasedonhistoricalexperienceandotherfactors,includingexpectationsoffutureeventsthatarebelievedtobereasonableunderthecircumstances.(a)Criticaljudgementsinapplyingtheaccountingpolicies(i)Classificationoffinancialassets

SignificantjudgementsmadebytheGroupintheclassificationoffinancialassetsincludeanalysisonbusinessmodelsandcontractualcashflowcharacteristics.TheGroupdeterminesthebusinessmodelforfinancialassetmanagementatthelevelofdifferentgroups,andfactorstobeconsideredincludethemethodsofevaluationonfinancialassetperformanceandreportingoffinancialassetperformancetokeymanagementpersonnel,risksaffectingfinancialassetperformanceandmanagementmethodsforsuchrisks,thewaysinwhichrelatedbusinessmanagementpersonnelareremunerated,etc.Whenassessingwhethercontractualcashflowcharacteristicsoffinancialassetsareconsistentwithbasiclendingarrangement,keyjudgementsmadebytheGroupinclude:thepossibilityofchangesintimingoramountoftheprincipalduringthedurationduetoreasonssuchasearlyrepayment;whetherinterestonlyincludetimevalueofmoney,creditrisks,otherbasiclendingrisksandconsiderationsforcostsandprofits.Forexample,whethertheamountofprepaymentonlyreflectstheprincipaloutstandingandtheinterestbasedontheprincipaloutstanding,aswellasthereasonablecompensationduetotheearlyterminationofthecontract.(ii)DeterminationofsignificantincreaseincreditriskWhentheGroupclassifiesfinancialinstrumentsintodifferentstages,itscriteriaforsignificantincreaseincreditriskandcredit-impairedareasfollows:

JudgementoftheGroupforsignificantincreaseincreditriskismainlybasedonwhetheroneormoreofthefollowingindicatorschangedsignificantly:businessenvironmentofthedebtor,internalandexternalcreditrating,significantchangesinactualorexpectedoperatingresults,significantdecreaseinvalueofcollateralorcreditrateofguarantor,etc.JudgementoftheGroupontheoccurredcreditimpairmentismainlybasedonwhetheritmeetsoneormoreofthefollowingconditions:thedebtorissufferingsignificantfinancialdifficulties,engagedinotherdebtrestructuring,oritisprobablethatthedebtorwillenterbankruptcy,etc.(iii)TimingofrevenuerecognitionWithregardtosaleofelectricitytogridcompanies,theGroupsupplieselectricitytogridcompaniesinaccordancewiththecontract.Thereafter,thegridcompanieshavetherighttosellelectricityandthediscretioninpricing,andtaketherisksofanypricefluctuationorlossoftheproducts.TheGroupbelievesthatthegridcompaniesobtaincontroloverelectricpoweruponthereceivingoftheelectricpower.Therefore,revenueisrecogniseduponthereceivingoftheelectricpowerofgridcompanies.(b)Criticalaccountingestimatesandkeyassumptions(i)AssessmentonimpairmentoffixedassetsAfixedassetistestedforimpairmentbytheGroupifthereisanyindicationthatitmaybeimpairedatthebalancesheetdatebycalculatingandcomparingtherecoverableamountofthefixedassetwithitscarryingamounttocheckthedifference.Iftheresultoftheimpairmenttestindicatesthattherecoverableamountofanassetislessthanitscarryingamount,aprovisionforimpairmentandanassetimpairmentlossarerecognisedfortheamountbywhichtheasset’scarryingamountexceedsitsrecoverableamount.Therecoverableamountisthehigherofanasset’sfairvaluelesscoststosellandthepresentvalueofthefuturecashflowsexpectedtobederivedfromtheasset.Thedeterminationoftherecoverableamountinvolvesaccountingestimates.Whenassessingwhethertheaboveassetsareimpaired,managementmainlyevaluatesandanalyses:(i)whethereventsaffectingassetimpairmentoccurred;(ii)whetherthepresentvalueofexpectedcashflowsarisingfromthecontinuinguseordisposalsoftheassetislowerthanitscarryingamount;and(iii)whetherthesignificantassumptionsusedinthecalculationofthepresentvalueoftheestimatedcashflowsareappropriateThecalculationofthepresentvalueoffuturecashflowsinvolvesmanagement’ssignificantestimatesandjudgements,includingthediscountrate,thegrowthrateoftheestimatedon-gridelectricityprice,thegrowth

rateoftheestimatedelectricitysaleandthevarabilityrateoftheestimatedpriceofcoalusedinpowergeneration.Changesintheseassumptionsmayhavematerialimpactonthepresentvalueusedintheimpairmenttest,andcauseimpairmentintheabove-mentionedlong-termassetsoftheGroup(ii)MeasurementofECLTheGroupcalculatesECLthroughexposureatdefaultandECLrates,anddeterminestheECLratesbasedonprobabilityofdefaultandlossgivendefault.IndeterminingtheECLrates,theGroupusesdatasuchasinternalhistoricalcreditlossexperience,etc.,andadjustshistoricaldatabasedoncurrentconditionsandforward-lookinginformation.Whenconsideringforward-lookinginformation,theGroupconsidereddifferentmacroeconomicscenarios.SignificantmacroeconomicassumptionsandparametersrelatedtotheestimationofECLincludetheriskofeconomicdownturn,externalmarketenvironment,technologicalenvironment,changesincustomerconditions,GrossDomesticProduct(“GDP”)andConsumerPriceIndex(“CPI”),etc.TheGroupregularlymonitorsandreviewsassumptionsandparametersrelatedtothecalculationofECL(iii)IncometaxesanddeferredincometaxesTheGroupissubjecttoincometaxesinnumerousjurisdictions.Therearesometransactionsandeventsforwhichtheultimatetaxdeterminationisuncertainduringtheordinarycourseofbusiness.SignificantjudgementisrequiredfromtheGroupindeterminingtheprovisionforincometaxineachofthesejurisdictions.Wherethefinaltaxoutcomesofthesemattersaredifferentfromtheamountsthatwereinitiallyrecorded,suchdifferenceswillimpacttheincometaxanddeferredincometaxprovisionsintheperiodinwhichsuchdeterminationismade.AsstatedinNote6,somesubsidiariesoftheGrouparehigh-techenterprises.Thehigh-techenterprisecertificateiseffectiveforthreeyears.Uponexpiration,applicationforhigh-techenterpriseidentificationshouldbesubmittedagaintotherelevantgovernmentauthorities.Basedonthehistoricalexperienceofreassessmentforhigh-techenterpriseuponexpirationandtheactualconditionofthesubsidiaries,theGroupconsidersthatthesubsidiariesareabletoobtainthequalificationforhigh-techenterprisesinfutureyears,andthereforeapreferentialtaxrateof15%isusedtocalculatethecorrespondingdeferredincometax.Ifsomesubsidiariescannotobtainthequalificationforhigh-techenterpriseuponexpiration,thenthesubsidiariesaresubjecttoastatutorytaxrateof25%forthecalculationoftheincometax,whichfurtherinfluencestherecogniseddeferredtaxassets,deferredtaxliabilitiesandincometaxexpenses.Adeferredtaxassetisrecognisedforthecarryforwardofunuseddeductiblelossestotheextentthatitisprobablethatfuturetaxableprofitswillbeavailableagainstwhichthedeductiblelossescanbeutilised.Futuretaxableprofitsincludetaxableprofitsthatcanbeachievedthroughnormaloperationsandtheincreaseintaxableprofitsduetothereversaloftaxabletemporarydifferencesarisingfrompreviousperiodinfutureperiod.TheGroupdeterminesthefuturetaxableprofitsbasedonthefuturefinancialforecast,whichrequiresmanagement’ssignificantestimatesandjudgements,includingtheestimatedelectricitysale,estimatedon-gridelectricityprice,theestimatedpriceofcoalusedinpowergenerationandotheroperatingexpenses.Ifthereisanydifferencebetweentheactualandtheestimates,adjustmentmaybemadetothecarryingamountofdeferredtaxassets.

44.Changeofmainaccountingpoliciesandestimations

(1)Changeofmainaccountingpolicies

√Applicable□Notapplicable

Thecontentandreasonforchangeof

accountingpolicy

Thecontentandreasonforchangeofaccountingpolicy

Approvalprocess

Remark

In2022,theMinistryofFinanceissuedtheNoticeonPrintingandDistributingthe<InterpretationNo.16ofAccountingStandardsforBusinessEnterprises>,andtheGrouphasadoptedtheabovenoticeandQ&Atopreparethesemi-annualfinancialstatementsfor2023

In2022,theMinistryofFinanceissuedtheNoticeonPrintingandDistributingthe<InterpretationNo.16ofAccountingStandardsforBusinessEnterprises>,andtheGrouphasadoptedtheabovenoticeandQ&Atopreparethesemi-annualfinancialstatementsfor2023	Adoptedbyresolutionbythesecondmeetingofthe10thBoardofDirectorsof2023bycommunication		SinceJanuary1,2023,theGrouphasimplementedtherelevantprovisionsinInterpretationNo.16thatthedeferredincometaxrelatedtoassetsandliabilitiesarisingfromasingletransactionisnotapplicabletotheinitialrecognitionexemption,andtheGrouphasmaderetrospectiveadjustmentstotheapplicableindividualtransactionsthatoccurredbetweenthebeginningoftheearliestreportingperiodofthefinancialstatementsinwhichthisinterpretationwasfirstappliedandtheimplementationdateofthisinterpretation;Incaseoftaxabletemporarydifferencesanddeductibletemporarydifferencesarisingfromtheleaseliabilitiesandright-to-useassetsrecognizedatthebeginningoftheearliestperiodofpresentationinthefinancialstatementsofInterpretationNo.16duringitsimplementationforthefirsttime,thecompanywilladjusttheinitialretainedincomeandotherrelatedfinancialstatementitemsatthebeginningoftheearliestperiodofpresentationinthefinancialstatementsaccordingtothecumulativeimpact.ThecomparativefinancialstatementsbetweenDecember31,2022andtheperiodfromJanuarytoJune2022havebeenrestatedaccordingly.
Affectedreportitems		Affectedamount
		December31,2022
		TheGroup(positiveforborrowingandnegativeforlending)
Deferredincometaxassets		119,527,817
Deferredincometaxliability		-470,298
Retainedprofit		-108,421,140
Minorityshareholders’equity		-10,636,379
		January-June2022
Incometaxexpenses		4,789,443

(2)Changeofmainaccountingestimations

□Applicable√Notapplicable

（3）Theinformationoftheadjustingitemsrelatedtothefinancialstatementsatthebeginningoftheyearoffirstimplementationduetothefirstimplementationofnewaccountingstandardsfrom2023.Adjustmentdescription

□Applicable√Notapplicable

45.OtherVI.Taxation

1.Maincategoriesandratesoftaxes

Classoftax

Classoftax	Taxbasis	Taxrate
VAT	Taxablevalue-addedamount(TaxpayableiscalculatedusingthetaxablesalesamountmultipliedbytheapplicabletaxratelessdeductibleVATinputofthecurrentperiod)Revenuefromhydropowersales	3%,5%,6%,9%and13%
Citymaintenanceandconstructiontax	AmountofVATpaid	5%to7%
Corporateincometax	Taxableincome	12.5%,15%,20%and25%
Educationsurcharges	AmountofVATpaid	3%
Localeducationsurcharges	AmountofVATpaid	2%
Housepropertytax	Property’srentalincomeortheresidualvaluefromoriginalvaluelessthedeductingproportion	12%and1.2%
Environmentalprotectiontax	Calculatedandpaidbasedonthepollutionequivalentvaluesorthedischargeoftaxablepollutantsmultipliedbytheapplicabletaxamounts	Calculatedandpaidbasedontheapplicabletaxamountsofdifferentpollutants

Incasethereexistanytaxpayerpayingcorporateincometaxatdifferenttaxrates,disclosetheinformation

Nameoftaxpayer	Incometaxrates
ZhangjiangElectricPowerCo.,Ltd.	15%
GuangdongYudeanZhanjiangBiomassPowerGenerationCo.,Ltd.	15%

2.Taxpreferences(a)Pursuanttotheapprovaldocuments(CaiShui[2008]No.46andGuoShuiFa[2009]No.80),thecompanyandseveralsubsidiariesareapprovedtoengageinwindpowerprojectsandphotovoltaicprojectssince1January2008andareexemptedfromenterpriseincometaxinthefirstthreeyearscountingfromtheyearwhenrevenuefromproductionandoperationsofthoseprojectsisrecordedforthefirsttime,andcanenjoyhalfratereductioninthefollowingthreeyears(“three-yearexemptionsandthree-yearhalves”).PursuanttotheSupplementaryNoticeonIssuesConcerningthePreferentialEnterpriseIncomeTaxPoliciesforPublicInfrastructureProjects(CaiShui[2014]No.55),enterprisesinvestandoperatepublicinfrastructureprojectsincompliancewiththeListofPublicInfrastructureProjectsEnjoyingEnterpriseIncomeTaxPreferential,thosewhichadoptone-offapprovalandaresubjecttoconstructioninbatches(suchasterminals,berths,airportterminals,runways,sections,generatorunits,etc.)aresubjecttoincometaxcalculatedinunitsofeachbatchandenjoythetaxpreferentialpolicyof“three-yearexemptionsandthree-yearhalves”whenthefollowingconditionsaresatisfied:(i)differentbatchesarespace-independent;(ii)eachbatchhasitsownrevenuefunction;(iii)theyareaccountedforinunitsofeachbatchandaresubjecttoincometaxindividually,whiletheperiodexpensesareallocatedrationally.Inthefirsthalfof2023,theGroup’ssubsidiaryGuangdongYudeanQujieWindPowerCo.,Ltd.(“QujieWindPower”)andGuangdongYudeanPingyuanWindPowerCo.,Ltd.(“PingyuanWindPower”)mettheaboveconditions.Therefore,QujieYouhaowindpowerproject(thefirsttimeforwhichrevenuefromsaleofpowerwaspostedwas2019),QujieWailuooffshorewindpowerproject(PhaseI)(thefirsttimeforwhichrevenuefromsaleofpowerwaspostedwas2021),QujieWailuooffshorewindpowerproject(PhaseII)(thefirsttimeforwhichrevenuefromsaleofpowerwaspostedwas2021)andXinliaooffshorewindpowerproject(thefirsttimeforwhichprofitswerepostedwas2021),

Pingyuanmaopingproject(thefirsttimeforwhichrevenuefromsaleofpowerwaspostedwas2020)andPingyuanSishuiproject(thefirsttimeforwhichrevenuefromsaleofpowerwaspostedwas2021)ofQujieWindPowerSystemandPingyuanWindPowerareentitledtothetaxpreferentialpolicyof“three-yearexemptionsandthree-yearhalves”respectivelyaccordingtoeachwindpowerproject.(b)In2020and2022,ZhanjiangElectricCo.,Ltd.(“ZhanjiangElectric”)andGuangdongYudeanZhanjiangBiomassPowerGenerationCo.,Ltd.(“BiomassPowerGeneration”),subsidiariesoftheGroup,weregrantedHigh-techEnterpriseCertificate(CertificateNo.GR202044010003andCertificateNo.GR202244008597)bytheDepartmentofScienceandTechnologyofGuangdongProvince,DepartmentofFinanceofGuangdongProvinceandGuangdongProvincialOfficeoftheStateTaxationBureauon9December2020and22December2022respectively.Thecertificatesarevalidforthreeyears.UnderArticle28oftheEnterpriseIncomeTaxLawofthePeople’sRepublicofChina,theenterpriseincometaxrateapplicabletoZhanjiangElectricandBiomassPowerGenerationfortheyearof2022is15%.(c)InaccordancewithregulationsoftheNoticeonImplementingtheInclusiveTaxDeductionandExemptionPoliciesforMicroandSmallEnterprises(CaiShui[2019]No.13),AnnouncementoftheStateTaxationAdministrationonMattersConcerningtheImplementationofPreferentialIncomeTaxPoliciesSupportingtheDevelopmentofSmallLow-ProfitEnterprisesandIndividualIndustrialandCommercialHouseholds(STAAnnouncement[2021]No.8)andAnnouncementonFurtherImplementingPreferentialIncomeTaxPoliciesforSmallandMicroEnterprises([2022]No.13),forasmallenterprisewithlowprofits,forthepartoftheannualtaxableincomenotexceedingRMB1,000,000,theamountoftaxableincomeisreducedto12.5%ofincomeandissubjecttotheenterpriseincomeatthetaxrateof20%;forthepartbetweenRMB1,000,000andRMB3,000,000,theamountoftaxableincomeisreducedto25%ofincomeandissubjecttotheenterpriseincomeatthetaxrateof20%.Theaforementionedsmalllow-profitenterpriseengagesinindustriesnotrestrictedorprohibitedbythestateandconcurrentlymeetthethreeconditions,thatis,theannualtaxableamountisnotmorethanRMB3,000,000,thenumberofitsemployeesisnotmorethan300,andtheirtotalassetsdonotexceedRMB50,000,000.Inthefirsthalfof2023,someofthecompany'ssubsidiarieswereentitledtotheaforesaidpreferentialtaxpolicy.(d)PursuanttoNoticeonIssuesConcerningtheImplementationofthePreferentialCatalogueofEnterpriseIncomeTaxforIntegratedUtilisationofResources(CaiShui[2008]No.47),since1January2008,enterprisesusetheresourceslistedinthePreferentialCatalogueofEnterpriseIncomeTaxforIntegratedUtilisationofResources(2008Edition)asthemainrawmaterialstoproduceproductsintheabovecataloguethatmeetnationalorindustryrelatedstandards,andtheincomefromaboveproductsisreducedto90%ofthetotalincomeoftheenterprisesfortheyear.TheGroup’ssubsidiariesZhanjiangElectricandGuangdongHuizhouPinghaiPowerPlantCo.,Ltd.(“PinghaiPowerPlant”)usecoalashtoproducecommercialcoalash,whichmeetstheabove-mentionedpreferentialtaxconditionsforintegratedutilisationofresources.TheGroup’ssubsidiariesZhanjiangElectricandGuangdongHuizhouPinghaiPowerPlantCo.,Ltd.(“PinghaiPowerPlant”)usecoalashtoproducecommercialcoalash,whichmeetstheabove-mentionedpreferentialtaxconditionsforintegratedutilisationofresources.Therefore,in2023,revenuefromsaleofcoalashfromZhanjiangElectricandPingHaiPowerPlantwasreducedto90%ofthetotalincomefortheyear.(e)PursuanttotheNoticeonIssuingtheCatalogueofValue-AddedTaxPreferencesforProductsandLabourServicesInvolvingtheComprehensiveUtilisationofResources(CaiShui[2015]No.78),VATleviedonself-producedproductsandservicesforcomprehensiveutilisationofresourceswillberefundedimmediately,towhichBiomassPowerGeneration’sVATafteroffsettingoutputVATfromrevenueagainstinputVATfromcostofsalefrommainoperationsisentitledto.BiomassPowerGenerationisasubsidiarymainlyengagedinpowergenerationusingbiomassmaterials.

Inaddition,50%ofVATleviedonthesaleofelectricitygeneratedbyGuangdongYudeanShibeishanWindPowerCo.,Ltd.(“ShibeishanWindPower”),GuangdongYudeanZhanjiangWindPowerGenerationCo.,Ltd.(“ZhanjiangWindPower”),GuangdongYudeanXuwenWindPowerElectricityCo.,Ltd.(“XuwenWindPower”),GuangdongYudeanDianbaiWindPowerCo.,Ltd.(“DianbaiWindPower”),HuilaiWindPowerCo.,Ltd.(“HuilaiWindPower”)andGuangdongYuenengWindPowerCo.,Ltd.(“YuenengWindPower”)willberefundedimmediatelyinaccordancewiththeNoticeConcerningValue-addedTaxPoliciesonWindPowerGeneration(CaiShui[2015]No.74)

3.Other

VII.Notesonmajoritemsinconsolidatedfinancialstatements

1.Monetaryfunds

InRMB

Items

Items	Closingbalance	Openingbalance
Cashonhand	49,500	46,435
Cashatbank	11,426,317,812	11,470,158,839
Othercashbalance	34,012,265	33,318,344
Total	11,460,379,577	11,503,523,618
Including：Totalamountofmoneydepositedabroad	0	0
Totalofmoneylimitedtousebymortgage,pledgeorfreeze	34,012,265	33,318,344

Othernote（a）AsofJune30,2023,theGrouphadnofundsdepositedoverseas(December31,2022:None).（b）AsofJune30,2023,OthermonetaryfundsamountedtoRMB34,012,265(OnDecember31,2022:RMB33,318,344),whichmainlyaredepositssuchasecologicalprotectiondepositsandperformanceguaranteedeposits.

2.TransactionalfinancialassetsNotapplicable

3.DerivativefinancialassetsNotapplicable

4.Notesreceivable

(1)Notesreceivablelistedbycategory

InRMB

Items	Year-endbalance	Year-beginningbalance
Bankacceptance		1,600,000
Tradeacceptance		1,044,300
Total		2,644,300

InRMB

Category	Amountinyear-end					BalanceYear-beginning
	BookBalance		Baddebtprovision		Bookvalue	BookBalance		Baddebtprovision		Bookvalue
	Amount	Proportion(%)	Amount	Proportion(%)		Amount	Proportion(%)	Amount	Proportion(%)
Ofwhich

Notesreceivableforbaddebtprovisionbyportfolio

Notesreceivableforbaddebtprovisionbyportfolio		2,644,300	100%	0	0%	2,644,300
Ofwhich
Notereceivable		2,644,300	100%	0	0%	2,644,300
Total		2,644,300	100%	0	0%	2,644,300

Accrualofbaddebtprovisionbyportfolio:0

InRMB

Name	Closingbalance
	Bookbalance	Baddebtprovision	Proportion%
Notereceivable	2,644,300	0	0%
Total	2,644,300	0

Relevantinformationoftheprovisionforbaddebtswillbedisclosedwithreferencetothedisclosuremethodofotherreceivablesiftheprovisionforbaddebtsofbillsreceivableisaccruedaccordingtothegeneralmodelofexpectedcreditloss:

□Applicable√Notapplicable

(2)Notereceivablewithdraw,reversedorcollectedduringthereportingperiodNotapplicableThewithdrawalamountofthebaddebtprovision：

□Applicable√Notapplicable

（3）NotesreceivablepledgedbythecompanyattheendoftheperiodNotapplicable

（4）NotereceivablefinancingendorsedordiscountedbythecompanyattheendoftheperiodandnotexpiredyetonthedateofbalancesheetNotapplicable

（5）NotereceivablefinancingtransferredtoaccountsreceivablebythecompanyattheendoftheperiodduetofailureofthedrawertoperformNotapplicable

（6）TheactualcancellationofnotesreceivableinthecurrentperiodNotapplicable

5.Accountsreceivable

(1)Accountsreceivabledisclosedbycategory

InRMB

Category

Category	Closingbalance					Openingbalance
	Bookbalance		Baddebtprovision		Bookvalue	Bookbalance		Baddebtprovision		Bookvalue
	Amount	Proportion%	Amount	Proportion%		Amount	Proportion%	Amount	Proportion%
Accrualofbaddebtprovisionbysingle	0	0%	0	0%	0	0	0%	0	0%	0
Ofwhich
Accrualofbaddebtprovisionbyportfolio	9,559,401,350	100%	506,522	0.01%	9,558,894,828	7,579,203,103	100%	566,859	0.01%	7,578,636,244
Ofwhich
Electricitysalesreceivable	9,490,284,409	99.28%	0	0%	9,490,284,409	7,491,837,601	98.85%	0	0%	7,491,837,601
Relatedpartyreceivable	15,705,214	0.16%	0	0%	15,705,214	39,546,687	0.52%	0	0%	39,546,687
Steamsaleandotherreceivable	53,411,727	0.56%	506,522	0.95%	52,905,205	47,818,815	0.63%	566,859	1.19%	47,251,956
Total	9,559,401,350	100%	506,522	0.01%	9,558,894,828	7,579,203,103	100%	566,859	0.01%	7,578,636,244

Accrualofbaddebtprovisionbyportfolio:0

InRMB

Name

Name	Closingbalance
	Bookbalance	Baddebtprovision	Proportion%
Electricitysalesreceivable	9,490,284,409	0	0%
Total	9,490,284,409	0

Note：

Portfolio1.Asat30June2023,theGroup’sreceivablesfromsaleofelectricityamountedtoRMB9,490,284,409(31December2022:RMB7,491,837,601),whichmainlycomprisedreceivablesofRMB9,363,680,611fromChinaSouthernPowerGridCo.,Ltd.anditssubsidiaries(collectivelyreferredtoas“ChinaSouthernPowerGrid”)andRMB126,603,798fromStateGridCorporationofChina(“StateGrid”)anditssubsidiaries.ConsideringthefavourablecredithistoryofChinaSouthernPowerGridandStateGrid,theGroupheldthattherewasnosignificantcreditriskarisingfromreceivablesfromsaleofelectricity.SincethepossibilityofmateriallossesduetothedefaultbyChinaSouthernPowerGridandStateGridwasextremelylow,theGroupmadenoprovisionfortheECLofthereceivablesfromsaleofelectricity(31December2022:

Nil)Accrualofbaddebtprovisionbyportfolio:0

InRMB

Name	Closingbalance
	Bookbalance	Baddebtprovision	Proportion%
Relatedpartyreceivable	15,705,214	0	0%
Total	15,705,214	0

Note：

Portfolio2：-Relatedpartyreceivable：Asat30June2023,theamountofreceivablesfromrelatedpartiesoftheGroupwasRMB15,705,214（December31,2022:RMB39,546,687),andthehistoricallossratewasextremelylow.Therefore,TheGroupbelievesthatthereisnosignificantcreditriskinthereceivablesfromrelatedparties,andthepossibilityofsignificantlossesduetotheirdefaultisextremelylow.TheGroup'sexpectedcreditlossrateforreceivablesfromrelatedpartiesis0%.（December31,2022:0%).Accrualofbaddebtprovisionbyportfolio:506,522

InRMB

Name	Closingbalance
	Bookbalance	Baddebtprovision	Proportion%
Steamsaleandotherreceivable	53,411,727	506,522	0.95%
Total	53,411,727	506,522

Note：

Portfolio3-ForotherfundreceivableexceptPortfolio1andPortfolio2,BadprovisionaccordingtotheexpectedcreditlossmodeRelevantinformationoftheprovisionforbaddebtswillbedisclosedwithreferencetothedisclosuremethodofotherreceivablesiftheprovisionforbaddebtsofbillsreceivableisaccruedaccordingtothegeneralmodelofexpectedcreditloss:

?Applicable□NotapplicableForotherfundreceivableexceptPortfolio1andPortfolio2TheamountofbaddebtprovisionforaccountsreceivableinJanuary-June2023isRMB130,159(InJanuary-

June2022:RMB713,856),andtheamountofbaddebtprovisionforaccountsreceivablereversedthisyearisRMB190,496(InJanuary-June2022:RMB263,506),thecorrespondingbookbalanceisRMB53,411,727(In2022:

RMB47,818,815),andthereisnobaddebtprovisionforaccountsreceivablewrittenoffthisyear(In2022:none).Disclosurebyaging

InRMB

Aging

Aging	Balanceinyear-end
Within1year	7,749,214,841
1-2years	1,250,178,281
2-3years	345,145,302
Over3year	214,862,926
3-4years	198,029,442
4-5years	16,833,484
Total	0
合计	9,559,401,350

(2)Accountsreceivablewithdraw,reversedorcollectedduringthereportingperiodThewithdrawalamountofthebaddebtprovision：

InRMB

Category	Openingbalance	Amountofchangeinthecurrentperiod				Closingbalance
		Accrual	Reversedorcollectedamount	Write-off	Other
Accountreceivable	566,859	130,159	190,496	0	0	506,522
Total	566,859	130,159	190,496	0	0	506,522

(3)Theactualwrite-offaccountsreceivableNotapplicable

（4）Top5oftheclosingbalanceoftheaccountsreceivablecollectedaccordingtothearrearsparty

InRMB

Name	Closingbalance	Proportion%	Baddebtprovision
GPGC	8,730,691,632	91.33%	0
GPGC,ZhanjiangPowersupplyBureau	360,447,003	3.77%	0
ShenzhenPowersupplyBureau	183,692,147	1.92%	0
StateGridXinjiangElectricPowerCo.,Ltd.	88,633,932	0.93%	0
MaomingPowersupplyBureau	45,918,901	0.48%	0
Total	9,409,383,615	98.43%

（5）AccountreceivablewhichterminatetherecognitionowningtothetransferofthefinancialassetsNotapplicable

(6)Theamountoftheassetsandliabilitiesformedbythetransferandthecontinuesinvolvementofaccountsreceivable

Notapplicable

6.FinancingofreceivablesNotapplicable

7.Prepayments

(1)Listbyaginganalysis:

InRMB

Aging

Aging	Closingbalance		Openingbalance
	Amount	Proportion%	Amount	Proportion%
Within1year	1,220,234,301	99.35%	1,532,647,170	99.85%
1-2years	6,450,392	0.53%	1,525,236	0.10%
2-3years	1,128,865	0.09%	370,407	0.02%
Over3years	370,407	0.03%	439,439	0.03%
Total	1,228,183,965		1,534,982,252

Notesofthereasonsoftheprepaymentagesover1yearwithsignificantamountbutfailedsettledintimeAsatJune30,2023,advancestosuppliersagedmorethan1yearwereRMB7,949,664(December31,2022,RMB2,335,082),mainlyincludingprepaymentsforsparepartsandmaterials.

（2）TheendingbalanceofPrepaymentsowedbytheimputationofthetopfiveparties

Name	Relationshipwiththecompany	Amount	Proportion%
GuangdongPowerIndustryFuelCo.,Ltd.	Relatedparty	929,077,181	75.65%
GuangdongZhutouElectricPowerfuelCo.,Ltd.	Thirdparty	160,071,225	13.03%
XinjiangSunengCoalTransportationandMarketingCo.,Ltd	Thirdparty	13,941,119	1.14%
ChinaRailway(Huizhou)Co.,Ltd	Thirdparty	11,387,462	0.93%
GuangzhouPortXinshaPortServicesCo.,Ltd	Thirdparty	7,902,585	0.64%
Total		1,122,379,571	91.39%

8.Otheraccountsreceivable

InRMB

Items	Closingbalance	Openingbalance
Dividendreceivable	63,000,000
Otheraccountsreceivable	820,366,006	934,784,152
Total	883,366,006	934,784,152

（1）Interestreceivable

1)CategoryofinterestreceivableNotapplicable

2)SignificantoverdueinterestNotapplicable3）Bad-debtprovisionNotapplicable

(2)Dividendreceivable

1)CategoryofDividendreceivable

InRMB

Items

Items	Closingbalance	Openingbalance
SunshineInsuranceGroupCo.,Ltd	63,000,000	0
Total	63,000,000

2）Dividendreceivableofimportantaccountageover1yearApplicable3）Bad-debtprovision

□Applicable√NotapplicableOthernote：

（3）Otheraccountsreceivable

1)Otheraccountsreceivableclassifiedbythenatureofaccounts

InRMB

Nature	Closingbookbalance	Openingbookbalance
Landreceivabledeposit	280,753,918	285,763,798
Currentaccount	188,349,351	258,446,096
Salesofby-productsreceivable	123,092,484	142,602,487
Supplementarymedicalinsurancefundreceivable	102,133,987	102,914,387
Currentaccountreceivable	70,772,588	75,047,046
Landreceivabledeposit	23,446,000	23,446,000
Compensationreceivableforelectricitychargesduringthedemolitionandconstructionperiod	0	7,099,200
Receivablepettycash	11,019,088	3,460,868
Other	56,730,494	71,308,102
Less：Bad-debtprovision	-35,931,904	-35,303,832
Total	820,366,006	934,784,152

2）Bad-debtprovision

InRMB

BadDebtReserves	Stage1	Stage2	Stage3	Total
	Expectedcreditlossesoverthenext12months	Expectedcreditlossoverlife(nocreditimpairment)	Expectedcreditlossesfortheentireduration(creditimpairmentoccurred)

BalanceasatJanuary1,2023

BalanceasatJanuary1,2023	13,642,569	0	21,661,263	35,303,832
BalanceasatJanuary1,2023incurrent
Provisioninthecurrentperiod	756,456	0	423,976	1,180,432
Turnbackinthecurrentperiod	-548,384	0	-3,976	-552,360
Thisperiodwrite-off	0	0	0	0
BalanceasatJune30,2023	13,850,641	0	22,081,263	35,931,904

Lossprovisionchangesincurrentperiod,changeinbookbalancewithsignificantamount

□Applicable√NotapplicableDisclosurebyaging

InRMB

Aging	Closingbalance
Within1year(Including1year）	444,622,805
1-2years	201,666,835
2-3years	9,156,954
Over3years	200,851,316
3-4years	134,973,733
4-5years	20,645,489
Over5years	45,232,094
Total	856,297,910

3)Accountsreceivablewithdraw,reversedorcollectedduringthereportingperiodThewithdrawalamountofthebaddebtprovision：

InRMB

Category	Openingbalance	Amountofchangeinthecurrentperiod				Closingbalance
		Accrual	Reversedorcollectedamount	Write-off	Other
Otherreceivable	35,303,832	1,180,432	552,360	0	0	35,931,904
Total	35,303,832	1,180,432	552,360	0	0	35,931,904

Wherethecurrentbaddebtsbackorrecoversignificantamounts:

Notapplicable4）Otheraccountreceivablesactuallycancelafterwrite-off

InRMB

Items	Amount
Unabletorecoverthemoney	4,274,179

Importantotherreceivableswrite-offNotapplicable

5)Top5oftheclosingbalanceoftheotheraccountsreceivablecollectedaccordingtothearrearsparty

InRMB

Name	Nature	Year-endbalance	Aging	Portionintotalotherreceivables(%)	Baddebtprovisionofyear-endbalance
MeixianChengjiangzhenPeople'sGovernmentofMeizhouCity	Landwithdrawalreceivable	131,885,400	3-4years	15.48%	0

GuangdongEnergyFinanceleasingCo.,Ltd.

GuangdongEnergyFinanceleasingCo.,Ltd.	ReceivableofUnitcurrent	167,213,809	Within1year（Including1yaar）	19.63%	0
GuangdongYudeanEnvironmentalProtectionCo.,Ltd.	Receivablesfromsaleofby-productstorelatedparties	114,097,732	Within1year（Including1yaar）	13.39%	0
YamenTown,XinhuiDistrict,JiangmenCity	Landwithdrawalreceivable	109,094,018	1-2years	12.80%	0
TaikangPension	Supplementarymedicalinsurancefundreceivable	102,133,987	Over5years	11.99%	0
Total		624,424,946		73.29%	0

6）Accountreceivableswithgovernmentsubsidiesinvolved

InRMB

Name	Projectname	Amountinyear-end	Attheendofaging	Estimatedtime,amountandbasis
TheStateAdministrationofTaxation,SuixiCountyTaxBureau	VATisrefundedimmediately	2,009,597	Within1year（Including1year）	ExpectedtobefullyrecoveredbyJune2024
HuilaiCountyTaxBureau,StateAdministrationofTaxation	VATisrefundedimmediately	818,792	Within1year（Including1year）	ExpectedtobefullyrecoveredbyJune2024
YunfuYunchengDistrictLocalTaxationBureau	VATisrefundedimmediately	208,305	Within1year（Including1year）	ExpectedtobefullyrecoveredbyJune2024
MaomingMaonanLocalTaxationBureau	VATisrefundedimmediately	20,616	Within1year（Including1year）	ExpectedtobefullyrecoveredbyJune2024

7)OtheraccountreceivablewhichterminatetherecognitionowningtothetransferofthefinancialassetsNotapplicable

8)TheamountoftheassetsandliabilitiesformedbythetransferandthecontinuesinvolvementofotheraccountsreceivableNotapplicable

9.InventoriesWhetherthecompanyneedtocomplywiththedisclosurerequirementsoftherealestateindustryNo

（1）CategoryofInventory

InRMB

Items	Closingbookbalance			Openingbookbalance
	Bookbalance	Provisionforinventoryimpairment	Bookvalue	Bookbalance	Provisionforinventoryimpairment	Bookvalue
Rawmaterials	3,754,009,724	34,044,608	3,719,965,116	3,382,299,648	34,044,608	3,348,255,040

Other

Other	82,088,697		82,088,697	28,613,060		28,613,060
Total	3,836,098,421	34,044,608	3,802,053,813	3,410,912,708	34,044,608	3,376,868,100

(2)Inventorydepreciationreserve

InRMB

IteRawmaterialsms	Beginningofterm	Increasedincurrentperiod		Decreasedincurrentperiod		Year-endbalance
		Provision	Other	Transferredback	Other
Rawmaterials	34,044,608					34,044,608
Total	34,044,608					34,044,608

(3)ExplanationoninventorieswithcapitalizationofborrowingcostsincludedatendingbalanceNotapplicable

(4)Assetsunsettledformedbyconstructioncontractwhichhascompletedatperiod-endNotapplicable

10.Contractassets

InRMB

Items	Year-endbalance			Openingbalance
	Bookbalance	Baddebtprovision	Bookvalue	Bookbalance	Baddebtprovision	Bookvalue
Contractassetsofthirdparties	609,457	12,553	596,904	2,818,847	12,553	2,806,294
Contractassetsofrelatedparties	2,137,442	0	2,137,442	2,103,969	0	2,103,969
Total	2,746,899	12,553	2,734,346	4,922,816	12,553	4,910,263

11.Assetsdividedasheld-to-soldNotapplicable

12.Non-currentassetsduewithin1yearNotapplicable

13.Othercurrentassets

InRMB

Items	Year-endbalance	Year-beginningbalance
VATtobededucted	1,107,141,790	822,610,159
Carbonemissionrightsassets	65,339,436	35,890,568
Advancepaymentofincometax	4,713,535	15,213,902
Other	1,042,527	1,891,176
Total	1,178,237,288	875,605,805

14.Creditor'srightinvestmentNotapplicableLossprovisionchangesincurrentperiod,changeinbookbalancewithsignificantamount

□Applicable√Notapplicable

15.Othercreditor'srightsinvestmentNotapplicableLossprovisionchangesincurrentperiod,changeinbookbalancewithsignificantamount

□Applicable√Notapplicable

16.Long-termaccountsreceivableNotapplicableLossprovisionchangesincurrentperiod,changeinbookbalancewithsignificantamount

□Applicable√Notapplicable

(2)OtheraccountreceivablewhichterminatetherecognitionowningtothetransferofthefinancialassetsNotapplicable

(3)TheamountoftheassetsandliabilitiesformedbythetransferandthecontinuesinvolvementofotheraccountsreceivableNotapplicable

17.Long-termequityinvestment

InRMB

Investees

Investees	Openingbalance	Increase/decrease								Closingbalance	Closingbalanceofimpairmentprovision
		Additionalinvestment	Decreaseininvestment	ProfitsandlossesoninvestmentsRecognizedundertheequitymethod	Othercomprehensiveincome	Changesinotherequity	Cashbonusorprofitsannouncedtoissue	Withdrawalofimpairmentprovision	Other
I.Jointventures
GuangdongElectricIndustrialFuelCo.,Ltd.	710,399,003			34,820,693						745,219,696
ChinaAviationShenxinWindPowerCo.,Ltd.	174,328,518			5,816,305						180,144,823
ZhanjiangYuexinDistributedEnergyandTechniqueCo.,Ltd.	6,843,402			-416,162						6,427,240
Subtotal	891,570,923			40,220,836						931,791,759
II.Associates
ShanxiYudeanEnergyCo.,Ltd.	3,019,352,942	54,299,600		256,410,685						3,330,063,227
GuangdongGuohuaYudean	1,901,354,532			110,488,657			26,681,517			1,985,161,672

TaishanPowerGenerationCo.,Ltd.

TaishanPowerGenerationCo.,Ltd.
EnergyGroupFinancecompany	1,704,449,321		74,896,067	14,516,041		128,886,072		1,664,975,357
GuangdongEnergyFinancingLeasingCo.,Ltd.	537,257,254		17,098,174			20,571,445		533,783,983
YudeanCaptive	285,703,616		8,341,232			1,602,723		292,442,125
YudeanShipping	277,173,327		-5,385,566					271,787,761
GuizhouYueqianElectricPowerCo.,Ltd.	231,974,486		38,676,742					270,651,228
SouthOffshoreWindPowerJointDevelopmentCo.,Ltd.	195,056,602		10,120,297					205,176,899
HuanengShantouWindGenerationCo.,Ltd.	60,222,912		1,702,541					61,925,453
YunnanNengtouWeixinEnergyCo.,Ltd.	86,300,031		-36,390,209					49,909,822	96,327,854
YunfuPower	0							0	20,819,280

GenerationPlant（BPlant）Co.,Ltd.

GenerationPlant（BPlant）Co.,Ltd.
Other	7,637,237			2,235,446			1,861,401		8,011,282
Subtotal	8,306,482,260	54,299,600		478,194,066	14,516,041		179,603,158		8,673,888,809	117,147,134
Total	9,198,053,183	54,299,600		518,414,902	14,516,041		179,603,158		9,605,680,568	117,147,134

18.Otherequityinstrumentsinvestment

InRMB

Items

Items	Closingbalance	Openingbalance
SunshineInsuranceGroupCo.,Ltd.	1,426,303,060	1,695,703,802
ShenzhenCapitalGroupCo.,Ltd.	950,000,000	950,000,000
ShanghaiShenergyGroup	388,170,428	304,872,052
ShenzhenEnergyCo.,Ltd.	99,640,800	96,163,200
GMGInternationalTenderingCo.,Ltd.	9,162,000	8,532,000
XinjiangYuejianNengxinEnergyEquipmentCo.,Ltd.	2,000,000	2,000,000
GaozhouYawuHydropowerCo.,Ltd	800,000	800,000
Total	2,876,076,288	3,058,071,054

Itemizeddisclosureofthecurrentnon-tradingequityinstrumentinvestment

InRMB

Name	Recognizeddividendincome	Accumulatinggains	Accumulatinglosses	Amountofothercomprehensiveincometransferredtoretainedearning	Reasonsforbeingmeasuredatfairvalueandwhosechangesareincludedinothercomprehensiveincome	Reasonsforothercomprehensiveincometransferredtoretainedearnings
SunshineInsuranceGroupCo.,Ltd.	63,000,000	1,070,303,060			Considerationofstrategicinvestments	Notapplicable
ShenzhenCapitalGroupCo.,Ltd.	42,716,990	621,966,000			Considerationofstrategicinvestments	Notapplicable
ShanghaiShenergyGroup	8,885,160	152,332,440			Considerationofstrategicinvestments	Notapplicable
ShenzhenEnergyCo.,Ltd.	2,116,800	83,750,172			Considerationofstrategicinvestments	Notapplicable
GMGInternationalTenderingCo.,Ltd.	540,000	5,562,000			Considerationofstrategicinvestments	Notapplicable
XinjiangYuejianNengxinEnergyEquipmentCo.,Ltd.	0	0			Considerationofstrategicinvestments	Notapplicable
GaozhouYawuHydropowerCo.,Ltd	0	0			Considerationofstrategicinvestments	Notapplicable

Othernote：

(a)OnJune30,2023,thecompanyheldatotalof350,000,000HsharesofSunshineInsuranceGroupInc.,Ltd.withafairvalueofRMB1,426,303,060,ofwhichtheinvestmentcostwasRMB356,000,000.Thecompanylistedthisinvestmentatfairvaluewithreferencetothemarketprice.Duringtheyear,thelossmeasuredatfairvaluewasRMB269,400,742(2022income:RMB42,203,800),andothercomprehensiveincomehasbeenreduced.(b)OnJune30,2023,thefairvalueoftheequityofShenzhenCapitalGroupCo.,Ltd.heldbythecompanywasRMB950,000,000,ofwhichtheinvestmentcostwasRMB328,034,000.Duringtheyear,therewasnochangeinthefairvalueoftheequityinvestment(lossin2022:RMB80,000,000)(c)OnJune30,2023,thecompanyheldatotalof55,532,250AsharesofShanghaiShenergycompany,withafairvalueofRMB388,170,428andaninvestmentcostofRMB235,837,988.Thecompanylistedthisinvestment

atfairvaluewithreferencetothemarketprice.Duringtheyear,theincomemeasuredatfairvaluewasRMB83,298,376(lossin2022:RMB104,400,630),andothercomprehensiveincomehasbeenincreased.(d)OnJune30,2023,thecompanyheldatotalof1,800,000shareslistedbyGMGInternationalTenderingCo.,Ltd.inthenationalsharetransfersystemforsmallandmedium-sizedenterprises,withafairvalueofRMB9,162,000andaninvestmentcostofRMB3,600,000.Thecompanylistedthisinvestmentatfairvaluewithreferencetothemarketprice.Duringtheyear,theincomemeasuredatfairvaluewasRMB630,000(lossin2022:

RMB7,452,000),andothercomprehensiveincomehasbeenincreased.

19.Othernon-currentassetsNotapplicable

20.Investmentproperty

(1)Investmentpropertyadoptedthecostmeasurementmode

√Applicable□Notapplicable

InRMB

Items

Items	House,Building	Landuseright	Constructioninprocess	Total
I.Originalprice
1.Balanceatperiod-beginning	502,522,821	46,042,801		548,565,622
2.Increaseinthecurrentperiod	136,799			136,799
(1)Purchase	136,799			136,799
(2)Inventory\Fixedassets\Transferredfromconstructioninprogress
(3)IncreasedofEnterpriseCombination

3.Decreasedamountoftheperiod

3.Decreasedamountoftheperiod

（1）Dispose

（2）Otherout

4.Balanceatperiod-end

4.Balanceatperiod-end	502,659,620	46,042,801		548,702,421
II.Accumulatedamortization
1.Openingbalance	171,234,632	12,045,689		183,280,321
2.Increasedamountoftheperiod	4,112,609	451,829		4,564,438
(1)Withdrawal	4,112,609	451,829		4,564,438

3.Decreasedamountoftheperiod

3.Decreasedamountoftheperiod

（1）Dispose

（2）Otherout

4.Balanceatperiod-end

4.Balanceatperiod-end	175,347,241	12,497,518		187,844,759
III.Impairmentprovision
1.Balanceatperiod-beginning
2.Increasedamountoftheperiod
(1)Withdrawal

3.Decreasedamountoftheperiod

3.Decreasedamountoftheperiod

（1）Dispose

（2）Otherout

4.Balanceatperiod-end

4.Balanceatperiod-end

IV.Bookvalue

1.Bookvalueatperiod-end

1.Bookvalueatperiod-end	327,312,379	33,545,283		360,857,662
2.Bookvalueatperiod-beginning	331,288,189	33,997,112		365,285,301

(2)Investmentpropertyadoptedfairvaluemeasurementmode

□Applicable√Notapplicable

(3)Investmentrealestatewithoutcertificateofownership

InRMB

Items	Bookbalance	Reason
Landuseright	813,846	Temporarilyinthegovernmentapprovedstage

OthernoteOnJune30,2023,afterconsultingtheGroup'slegaladvisers,themanagementbelievedthattherewouldbenosubstantivelegalobstaclestothehandlingofthesepropertycertificatesandwouldnothaveasignificantadverseimpactonthenormaloperationoftheGroup.

21.Fixedassets

InRMB

Items	Closingbalance	Openingbalance
Fixedassets	60,072,716,522	62,273,985,182
Disposaloffixedassets	123,541,386	126,189,875
Total	60,196,257,908	62,400,175,057

(1)ListofFixedassets

InRMB

Items	Houseandbuilding	Generationequipment	Transportations	Otherequipment	Total
I.Originalprice
1.Balanceatperiod-beginning	34,616,745,771	94,186,680,408	683,197,804	1,514,514,344	131,001,138,327
2.Increaseinthecurrentperiod	17,708,831	247,823,239	18,445,260	29,652,703	313,630,033
(1)Purchase	6,358,431	18,932,429	18,445,260	18,480,605	62,216,725
（2）Transferredfromconstructioninprogress	11,350,400	94,923,709	0	11,172,098	117,446,207
(3)IncreasedofEnterpriseCombination	0	0	0	0	0
Other	0	133,967,101	0	0	133,967,101
3.Decreasedamountoftheperiod	20,240,282	173,678,396	7,711,005	9,338,757	210,968,440
（1）Dispose	20,027,025	109,016,127	7,711,005	9,338,757	146,092,914
Other	213,257	64,662,269	0	0	64,875,526
4.Balanceatperiod-end	34,614,214,320	94,260,825,251	693,932,059	1,534,828,290	131,103,799,920
II.Accumulateddepreciation
1.Openingbalance	12,701,475,450	53,253,616,979	491,585,168	1,148,473,946	67,595,151,543
2.Increasedamountoftheperiod	432,047,074	1,916,262,957	12,893,862	61,107,496	2,422,311,389
(1)Withdrawal	432,047,074	1,910,338,194	12,893,862	61,107,496	2,416,386,626
Other	0	5,924,763	0	0	5,924,763
3.Decreasedamountoftheperiod	9,956,861	95,779,499	8,220,651	7,540,657	121,497,668
（1）Dispose	9,956,861	95,556,577	8,220,651	7,540,657	121,274,746
Other	0	222,922	0	0	222,922
4.Closingbalance	13,123,565,663	55,074,100,437	496,258,379	1,202,040,785	69,895,965,264

III.Impairmentprovision

III.Impairmentprovision
1.Openingbalance	395,362,648	735,949,101	422,918	266,935	1,132,001,602
2.Increaseinthereportingperiod	0	5,052,018	0	0	5,052,018
（1）Withdrawal	0	5,052,018	0	0	5,052,018

3.Decreasedamountoftheperiod

3.Decreasedamountoftheperiod	0	1,935,486	0	0	1,935,486
（1）Dispose	0	1,935,486	0	0	1,935,486

4.Closingbalance

4.Closingbalance	395,362,648	739,065,633	422,918	266,935	1,135,118,134
IV.Bookvalue
1.Bookvalueoftheperiod-end	21,095,286,009	38,447,659,181	197,250,762	332,520,570	60,072,716,522
2.Bookvalueoftheperiod-begin	21,519,907,673	40,197,114,328	191,189,718	365,773,463	62,273,985,182

(2)ListoftemporarilyidlefixedassetsNotapplicable

(3)FixedassetsleasedintheoperatingleasesNotapplicable

(4)Fixedassetswithoutcertificateoftitlecompleted

InRMB

Items	Bookvalue	Reason
HouseandBuilding	1,284,037,233	Temporarilyinthegovernmentapprovedstage

OthernoteOnJune30,2023,afterconsultingtheGroup'slegaladvisers,themanagementbelievedthattherewouldbenosubstantivelegalobstaclestothehandlingofthesepropertycertificatesandwouldnothaveasignificantadverseimpactonthenormaloperationoftheGroup.

（5）Liquidationoffixedassets

InRMB

Items	Closingbalance	Openingbalance
Partsofpowergenerationequipmenthavebeenscrapped	116,912,197	124,038,520
Otherequipment	6,629,189	2,151,355
Total	123,541,386	126,189,875

22.Constructioninprogress

InRMB

Items	Closingbalance	Openingbalance
Constructioninprogress	20,882,628,711	11,766,944,424
EngineeringMaterial	2,509,771	1,883,737
Total	20,885,138,482	11,768,828,161

(1)Listofconstructioninprogress

InRMB

Items	Closingbalance			Openingbalance
	Bookbalance	Provisionforimpairment	Bookvalue	Bookbalance	Provisionforimpairment	Bookvalue

Qingzhouoffshorewindpowerproject

Qingzhouoffshorewindpowerproject	7,157,994,018	0	7,157,994,018	2,342,070,500	0	2,342,070,500
Ningzhougaspowerproject	2,392,085,351	0	2,392,085,351	1,969,185,872	0	1,969,185,872
GuangdongEnergyXinjiang400,000kWphotovoltaicproject	1,498,255,221	0	1,498,255,221	1,448,198,206	0	1,448,198,206
YuehuaPowersubstitutionofnaturalgasforcoalpowerproject	1,056,903,378	0	1,056,903,378	616,219,696	0	616,219,696
ZhaoqingDinghunaturalgasthermalpowercogenerationproject	882,126,814	0	882,126,814	582,964,452	0	582,964,452
InnerMongoliaYuefeng300MWphotovoltaicparkproject	796,055,106	0	796,055,106	409,218,078	0	409,218,078
Dachengwindpowerproject	715,590,460	0	715,590,460	683,097,937	0	683,097,937
Dayawanpetrochemicalwesternthermalpowercogenerationproject	708,341,242	0	708,341,242	504,579,892	0	504,579,892
DabuPhaseIIExpansionProject	615,316,258	0	615,316,258	238,826,677	0	238,826,677
JinchangMuhongJinchangDistrictWestSlope100MWphotovoltaicpowergenerationproject	502,289,327	0	502,289,327	216,333,499	0	216,333,499
JinchangMujinJinchangDistrictWestSlope100MWphotovoltaicpowergenerationproject	502,018,776	0	502,018,776	179,642,763	0	179,642,763
GuangdongEnergyShacheCounty2millionkwlightstorageintegrationproject	369,380,722	0	369,380,722	6,910,933	0	6,910,933
HongdongCounty200MWcentralisedphotovoltaicpowergenerationproject	261,186,677	0	261,186,677	207,718,654	0	207,718,654
LaishuiConservancyEnergyLaishuiCounty80MWaffordableon-gridphotovoltaicpowergenerationproject	221,956,667	0	221,956,667	149,824,672	0	149,824,672
120MWfishingandlightcomplementaryphotovoltaicpowerstationprojectinPotouTown,PotouDistrict,Zhanjiang	200,903,674	0	200,903,674	64,479,179	0	64,479,179
ZhanjiangCity,PotouQiantang100mwfishingandlightcomplementaryprojec	194,269,709	0	194,269,709	194,269,709	0	194,269,709
WuhuaHuangniVillage	133,556,585	0	133,556,585	130,793,897	0	130,793,897

Project

Project
ZhuhaiSanzaoYulinVillagephotovoltaiccompositeprojectPhaseI	122,906,146	0	122,906,146	2,816,695	0	2,816,695
ZhuhaiSanzaoYulinVillagePhotovoltaicCompositeProjectPhaseII	107,781,545	0	107,781,545	2,081,546	0	2,081,546
Huaduthermalandpowercogenerationproject	103,800,528	0	103,800,528	100,715,497	0	100,715,497
Otherinfrastructureconstructionprojects	1,739,248,390	262,346,810	1,476,901,580	1,410,609,095	273,214,618	1,137,394,477
Technologyimprovementandotherprojects	876,250,792	13,241,865	863,008,927	588,231,904	8,630,311	579,601,593
Total	21,158,217,386	275,588,675	20,882,628,711	12,048,789,353	281,844,929	11,766,944,424

(2)Changesofsignificantconstructioninprogress

InRMB

Name

Name	Budget	Amountatyearbeginning	Increaseatthisperiod	Transferredtofixedassets	Otherdecrease	Balanceinyear-end	Proportion(%)	Progressofwork	Capitalizationofinterestaccumulatedbalance	Including：Currentamountofcapitalizationofinterest	Capitalizationofinterestratio（%)	Sourceoffunds
Qingzhouoffshorewindpowerproject	34,214,500,000	2,342,070,500	4,815,923,518	0		7,157,994,018	35.86%	35.86%	87,900,357	57,000,276	2.75%	Borrowings,ownfunds
Ningzhougaspowerproject	5,927,600,000	1,969,185,872	422,899,479	0		2,392,085,351	39.98%	66.49%	54,940,132	4,325,224	3.47%	Borrowings,ownfunds
GuangdongEnergyXinjiang400,000kWphotovoltaicproject	2,226,851,400	1,448,198,206	50,057,015	0		1,498,255,221	67.29%	67.29%	22,984,149	11,482,137	2.73%	Borrowings,ownfunds
YuehuaPowersubstitutionofnaturalgasforcoalpowerproject	1,532,190,000	616,219,696	440,683,682	0		1,056,903,378	69%	90%	26,590,463	13,032,131	2.97%	Borrowings,ownfunds
ZhaoqingDinghunaturalgasthermalpowercogenerationproject	2,998,180,000	582,964,452	299,162,362	0		882,126,814	29.42%	85.15%	58,596,870	23,424,223	3.45%	Borrowings,ownfunds
InnerMongoliaYuefeng300MWphotovoltaicparkproject	1,572,760,000	409,218,078	386,837,028	0		796,055,106	46.70%	46.70%	7,003,887	5,277,191	2.45%	Borrowings,ownfunds
Dachengwindpowerproject	800,000,000	683,097,937	32,492,523	0		715,590,460	90%	100%	0	0	2.45%	Borrowings,own

funds

												funds
Dayawanpetrochemicalwesternthermalpowercogenerationproject	3,820,000,000	504,579,892	203,761,350	0		708,341,242	26.12%	26.12%	26,664,600	15,803,178	2.92%	Borrowings,ownfunds
DabuPhaseIIExpansionProject	8,122,320,000	242,662,927	372,653,331	0		615,316,258	7.58%	7.58%	4,895,148	1,058,898	2.79%	Borrowings,ownfunds
JinchangMuhongJinchangDistrictWestSlope100MWphotovoltaicpowergenerationproject	598,705,600	216,333,499	285,955,828	0		502,289,327	83.90%	96%	4,033,883	3,531,373	2.45%	Borrowings,ownfunds
JinchangMujinJinchangDistrictWestSlope100MWphotovoltaicpowergenerationproject	598,705,600	179,642,763	322,376,013	0		502,018,776	83.85%	93%	4,026,114	3,357,869	2.44%	Borrowings,ownfunds
GuangdongEnergyShacheCounty2millionkwlightstorageintegrationproject	5,306,810,074	6,910,933	362,469,789	0		369,380,722	6.96%	6.96%	0	0	0%	ownfunds
HongdongCounty200MWcentralised	3,300,000	207,718,654	53,468,023	0		261,186,677	50.56%	69.37%	4,762,422	2,858,369	3.10%	Borrowings,ownfunds

photovoltaicpowergenerationproject

photovoltaicpowergenerationproject
LaishuiConservancyEnergyLaishuiCounty80MWaffordableon-gridphotovoltaicpowergenerationproject	376,000,000	149,824,672	72,131,995	0		221,956,667	49.36%	49.36%	2,107,230	1,573,623	3%	ownfunds
120MWfishingandlightcomplementaryphotovoltaicpowerstationprojectinPotouTown,PotouDistrict,Zhanjiang	589,200,000	64,479,179	136,424,495	0		200,903,674	34.10%	38%	215,593	215,593	2.60%	Borrowings,ownfunds
ZhanjiangCity,PotouQiantang100mwfishingandlightcomplementaryprojec	500,230,000	194,269,709	0	0		194,269,709	37.70%	51.33%	4,739,126	2,173,919	3.20%	Borrowings,ownfunds
WuhuaHuangniVillageProject	336,020,000	130,793,897	2,762,688	0		133,556,585	40.70%	44%	2,468,797	1,747,471	3.10%	Borrowings,ownfunds
ZhuhaiSanzaoYulinVillagephotovoltaiccompositeprojectPhaseI	1,048,880,000	2,816,695	120,089,451	0		122,906,146	27.58%	44.59%	2,521,216	2,521,216	3.04%	Borrowings,ownfunds

ZhuhaiSanzaoYulinVillagePhotovoltaicCompositeProjectPhaseII

ZhuhaiSanzaoYulinVillagePhotovoltaicCompositeProjectPhaseII	377,587,800	2,081,546	105,699,999	0		107,781,545	33.74%	47.30%	2,210,959	2,210,959	3.04%	Borrowings,ownfunds
Huaduthermalandpowercogenerationproject	3,536,710,000	100,715,497	3,085,031	0		103,800,528	42.11%	98%	0	0	0%	Borrowings,ownfunds
Otherinfrastructureconstructionprojects		1,133,558,227	376,401,745	27,561,442	5,496,950	1,476,901,580	0%		77,448,492	16,010,497		Borrowings,ownfunds
Technologyimprovementandotherprojects		579,601,593	377,319,998	89,884,765	4,027,899	863,008,927	0%		1,512,499	177,337		Borrowings,ownfunds
Total	74,486,550,474	11,766,944,424	9,242,655,343	117,446,207	9,524,849	20,882,628,711			395,621,937	167,781,484

(3)ListofthewithdrawaloftheimpairmentprovisionoftheconstructioninprogressNotapplicable

（4）Engineeringmaterial

InRMB

Items

Items	Endofterm			Beginningofterm
	Bookbalance	Provisionforimpairment	Bookvalue	Bookbalance	Provisionforimpairment	Bookvalue
Engineeringmaterial	2,509,771	0	2,509,771	1,883,737	0	1,883,737
Total	2,509,771	0	2,509,771	1,883,737	0	1,883,737

23.Productivebiologicalassets

(1)Productivebiologicalassetsmeasuredatcostmethods

□Applicable√Notapplicable

(2)Productivebiologicalassetsmeasuredatfairvalue

□Applicable√Notapplicable

24.Oilandgasassets

□Applicable√Inapplicable

25.Righttouseassets

InRMB

Items	Houseandbuildings	Machineryequipment	Transportationequipment	Landuseright	Total
I.Originalprice
1.Openingbalance	62,488,136	7,887,114,480	9,375,854	361,855,746	8,320,834,216
2.Increasedamountoftheperiod	21,375,291	813,122,398	0	35,985,676	870,483,365
（1）Newleasecontracts	21,375,291	813,122,398	0	35,985,676	870,483,365
3.Decreasedamountoftheperiod	0	114,135,207	0	0	114,135,207
Earlyterminationoftheleasecontract	0	114,135,207	0	0	114,135,207
4.Closingbalance	83,863,427	8,586,101,671	9,375,854	397,841,422	9,077,182,374
II.Accumulateddepreciation
1.Openingbalance	31,989,054	923,523,559	1,989,834	8,387,293	965,889,740
2.Increasedamountoftheperiod	12,055,112	212,469,516	1,492,522	9,467,732	235,484,882
（1）Withdrawal	12,055,112	212,469,516	1,492,522	9,467,732	235,484,882

3.Decreasedamountoftheperiod

3.Decreasedamountoftheperiod	0	5,924,763	0	0	5,924,763
(1)DisposalTheexpirationofthelease

isdividedintofixedassets

isdividedintofixedassets
（1）	0	5,924,763	0	0	5,924,763
4.Closingbalance	44,044,166	1,130,068,312	3,482,356	17,855,025	1,195,449,859
III.Impairmentprovision
1.Openingbalance	0	2,899,510	0	0	2,899,510
2.Increasedamountoftheperiod
（1）Withdrawal

3.Decreasedamountoftheperiod

3.Decreasedamountoftheperiod

(1)Disposal

4.Closingbalance

4.Closingbalance	0	2,899,510	0	0	2,899,510
IV.Bookvalue
1.Closingbookvalue	39,819,261	7,453,133,849	5,893,498	379,986,397	7,878,833,005
2.Openingbook	30,499,082	6,960,691,411	7,386,020	353,468,453	7,352,044,966

26.Intangibleassets

(1)Information

InRMB

Items

Items	Landuseright	Patent	Non-patentTechnology	Software	Seauseright	TransmissionandTransformationSupportingProject	Favorablecontract	Non-patenttechnologyandothers	Total
I.Originalprice
1.Balanceatperiod-beginning	3,331,253,199			262,101,406	562,555,384	260,331,315	52,211,380	40,336,653	4,508,789,337
2.Increaseinthecurrentperiod	102,088,887			9,643,027				636,768	112,368,682
(1)Purchase	102,088,887			5,510,910				14,337	107,614,134
（2）InternalR&D
（3）IncreasedofEnterpriseCombination
（4）Other				4,132,117				622,431	4,754,548
3.Decreasedamountoftheperiod	1,713,873			450,237				74,831	2,238,941
（1）Dispose	1,713,873			450,237				74,831	2,238,941

4.Balanceatperiod-end

4.Balanceatperiod-end	3,431,628,213		271,294,196	562,555,384	260,331,315	52,211,380	40,898,590	4,618,919,078
II.Accumulatedamortization
1.Balanceatperiod-beginning	617,177,189		153,639,729	35,984,358	260,331,315	7,199,828	31,219,049	1,105,551,468
2.Increaseinthecurrentperiod	34,208,220		11,081,687	6,992,342		2,134,992	1,510,642	55,927,883
(1)Withdrawal	34,208,220		11,081,687	6,992,342		2,134,992	1,510,642	55,927,883

3.Decreasedamountoftheperiod

3.Decreasedamountoftheperiod

（1）Dispose

4.Balanceatperiod-end

4.Balanceatperiod-end	651,385,409		164,721,416	42,976,700	260,331,315	9,334,820	32,729,691	1,161,479,351
III.Impairmentprovision
1.Balanceatperiod-beginning	56,502,373							56,502,373
2.Increaseinthecurrentperiod
(1)Withdrawal

3.Decreasedamountoftheperiod

3.Decreasedamountoftheperiod

（1）Dispose

4.Balanceatperiod-end

4.Balanceatperiod-end	56,502,373							56,502,373
4.Bookvalue
1.Bookvalueatperiod-end	2,723,740,431		106,572,780	519,578,684		42,876,560	8,168,899	3,400,937,354
2.Bookvalueatperiod-beginning	2,657,573,637		108,461,677	526,571,026		45,011,552	9,117,604	3,346,735,496

Theintangibleassetsbytheendoftheformationofthecompany'sinternalR&Daccounted0.14%oftheproportionofthebalanceofintangibleassets

（2）DetailsofLanduserightfailedtoaccomplishcertificationofproperty

InRMB

Items

Items	Bookvalue	Reason
Landuseright	129,516,279	Theprocedureshavenotbeencompleted

OthernoteOnJune30,2023,afterconsultingtheGroup'slegaladvisers,themanagementbelievedthattherewouldbenosubstantivelegalobstaclestothehandlingofthesepropertycertificatesandwouldnothaveasignificantadverseimpactonthenormaloperationoftheGroup.

27.DevelopmentexpenditureNotapplicable

28.Goodwill

(1)Originalbookvalueofgoodwill

InRMB

Nameoftheinvesteesortheeventsformedgoodwill	Openingbalance	Increase		Decrease		Closingbalance
		Themergerofenterprises		disposition
TumushukeThermalPowerCo.,Ltd.	119,488,672					119,488,672
Other	45,531,259					45,531,259
Total	165,019,931					165,019,931

（2）Impairmentprovisionofgoodwill

InRMB

Nameoftheinvesteesortheeventsformedgoodwill	Openingbalance	Increase		Decrease		Closingbalance
		Provision		disposition
Other	-36,922,378					-36,922,378
Total	-36,922,378					-36,922,378

29.Long-termamortizationexpenses

InRMB

Items	Balanceinyear-begin	Increaseatthisperiod	Amortizationbalance	Otherdecrease	Balanceinyear-end
Improvementofuserightassets	4,696,665	3,593,856	3,352,228		4,938,293
Insurance	56,312,422		18,879,181		37,433,241
Roaduseright	31,178,674		765,905		30,412,769
Other	17,297,985	1,092,964	1,140,134		17,250,815
Total	109,485,746	4,686,820	24,137,448		90,035,118

30.Deferredincometaxassets/deferredincometaxliabilities

(1)Detailsoftheun-recognizeddeferredincometaxassets

InRMB

Items

Items	Balanceinyear-end		Balanceinyear-begin
	Deductibletemporarydifference	Deferredincometaxassets	Deductibletemporarydifference	Deferredincometaxassets
Provisionforassetimpairments	396,589,079	98,305,518	392,229,114	96,899,577
Intra-grouptransactions	537,364,251	134,341,063	656,830,968	164,207,742
Deductiblelosses	4,213,258,542	976,011,871	4,176,626,660	968,337,573
Depreciationofuseassetsandleaseliabilitiesdonotrecognizedamortizationoffinancingexpenses	1,993,863,855	475,801,214	1,993,863,855	475,801,214
Depreciationoffixedassets	277,590,220	71,235,845	291,680,433	71,206,998
Employeebenefitspayable	293,456,525	70,088,188	293,456,521	70,088,187
Governmentgrants	76,309,294	18,668,659	76,328,527	18,673,466
Amortizationofintangibleassets	3,328,432	832,108	3,328,432	832,108
Total	7,791,760,198	1,845,284,466	7,884,344,510	1,866,046,865

(2)Detailsoftheun-recognizeddeferredincometaxliabilities

InRMB

Items	Balanceinyear-end		Balanceinyear-begin
	TemporarilyDeductableorTaxableDifference	DeferredIncomeTaxliabilities	TemporarilyDeductableorTaxableDifference	DeferredIncomeTaxliabilities
Non-samecontrolenterprisemergerassetsevaluationandappreciation	218,998,341	54,749,585	235,501,692	58,875,422
Changesinfairvalueofotherequityinstrumentsincludedinothercomprehensiveincome	1,933,913,672	483,478,418	2,115,908,438	528,977,110
Depreciationofuseassetsandleaseliabilitiesdonotrecognizedamortizationoffinancingexpenses	1,730,385,147	356,743,695	1,730,385,147	356,743,695
Depreciationoffixedassets	83,403,015	20,850,753	85,028,556	21,257,139
Amortizationoflanduserights	15,302,244	3,825,561	15,302,244	3,825,561
Interestreceivable	11,231,950	2,807,988	9,606,414	2,401,603
Total	3,993,234,369	922,456,000	4,191,732,491	972,080,530

(3)Deferredincometaxassetsorliabilitieslistedbynetamountafteroff-set

InRMB

Items

Items	Trade-offbetweenthedeferredincometaxassetsandliabilities	Endbalanceofdeferredincometaxassetsorliabilitiesafteroff-set	Trade-offbetweenthedeferredincometaxassetsandliabilitiesatperiod-begin	Openingbalanceofdeferredincometaxassetsorliabilitiesafteroff-set
Deferredincometaxassets	389,041,932	1,456,242,534	387,493,967	1,478,552,898
Deferredincomeliabilities	389,041,932	533,414,068	387,493,967	584,586,563

(4)Detailsofincometaxassetsnotrecognized

InRMB

Items	Balanceinyear-end	Balanceinyear-begin
Deductibletemporarydifference	1,987,506,247	1,987,366,998
Deductibleloss	10,026,695,227	11,033,478,760
Total	12,014,201,474	13,020,845,758

(5)Deductiblelossesoftheun-recognizeddeferredincometaxassetwillexpireinthefollowingyears

InRMB

Year	Balanceinyear-end	Balanceinyear-begin	Remark
2023	0	1,171,683,402
2024	173,024,661	173,024,661
2025	760,600,486	760,600,486
2026	3,960,132,397	3,992,021,430
2027	4,899,784,845	4,936,148,781
2028	233,152,838	0
Total	10,026,695,227	11,033,478,760

31.Othernon-currentassets

InRMB

Items	Balanceinyear-end			Balanceinyear-begin
	Bookbalance	Provisionfordevaluation	Bookvalue	Bookbalance	Provisionfordevaluation	Bookvalue
Prepaymentsforequipmentfund	5,145,015,738	0	5,145,015,738	4,483,822,263	0	4,483,822,263
InputVATtobededucted	2,319,512,035	0	2,319,512,035	1,813,240,967	0	1,813,240,967
Prepaymentforlanduserights	162,669,042	0	162,669,042	198,089,693	0	198,089,693
Prepaymentforequityacquisition	361,026,000	0	361,026,000	93,426,000	0	93,426,000
Prepaymentsforpurchaseofbuildings	31,733,900	0	31,733,900	11,623,305	0	11,623,305
Other	800,735	0	800,735	6,316,324	0	6,316,324
Total	8,020,757,450	0	8,020,757,450	6,606,518,552	0	6,606,518,552

32.Short-termborrowings

(1)Categoryofshort-termborrowings

InRMB

Items

Items	Closingbalance	Openingbalance
Pledgeloans	0	0
MortgageLoans	0	0
Guaranteeloans	0	60,166,260
Creditloans	19,934,368,075	16,201,278,600
Total	19,934,368,075	16,261,444,860

(2)Listoftheshort-termborrowingsoverduebutnotreturnNotapplicable

33.TransactionalfinancialliabilitiesNotapplicable

34.DerivativefinancialliabilityNotapplicable

35.Notespayable

InRMB

Items	Closingbalance	Openingbalance
Commercialacceptance	282,784,041	476,572,076
Bankacceptancebills	245,000,000	1,019,206,000
Total	527,784,041	1,495,778,076

AmountdueinnextfiscalperiodisRMB0.00.

36.Accountspayable

(1)Listofaccountspayable

InRMB

Items	Closingbalance	Openingbalance
Fuelpayable	5,247,745,268	5,182,454,648
Materialsandsparepartspayable	629,088,678	417,506,141
Contractedoperationexpensespayable	291,255,561	62,414,344
Desulfurisationanddenitrificationexpensespayable	86,376,097	67,846,620
Repairexpensespayable	84,604,859	98,126,083
Managementfeespayableforfrequencymodulationandenergystorage	13,563,503	25,898,303
Other	63,248,421	84,007,874
Total	6,415,882,387	5,938,254,013

（2）Significantaccountspayablethatagedoveroneyear

InRMB

Items

Items	Closingbalance	Openingbalance
Fuelpayableandfreightpayable	164,637,536	Notyetsettled
Total	164,637,536

Othernote：

Asat30June2023,accountspayablewithageingoveroneyearamountedRMB164,637,536(December31，2022:RMB56,448,384),mainlyunsettledfuelpayable

37.Advancefromcustomers

(1)ListofAdvancefromcustomers

InRMB

LandadvancepaymentItems	Closingbalance	Openingbalance
	177,384,900	0
Total	177,384,900

（2）Significantpayableagingmorethan1year

Notapplicable

38.ContractLiabilities

InRMB

Items	Closingbalance	Openingbalance
Advancerevenuefromsteam	3,601,242	1,979,586
Advancesfromservices	1,182,193	2,713,981
Advancesfromothers	1,098,949	267,407
Total	5,882,384	4,960,974

39.PayableEmployeewage

(1)ListofPayrollpayable

InRMB

Items	Balanceinyear-begin	Increaseinthisperiod	decreaseinthisperiod	Balanceinyear-end
1.Short-termcompensation	368,880,069	1,185,233,682	943,326,057	610,787,694
2.Post-employmentbenefits-definedcontributionplans	3,128,825	177,319,233	167,785,981	12,662,077
3.Dismissalwelfare	67,170,982	1,047,380	17,042,404	51,175,958
4.Otherbenefitsduewithinoneyear	8,241,541	1,220,748	9,222,548	239,741
Total	447,421,417	1,364,821,043	1,137,376,990	674,865,470

（2）Short-termremuneration

InRMB

Items	Balanceinyear-begin	Increaseinthisperiod	decreaseinthisperiod	Balanceinyear-end
1.Wages,bonuses,allowancesandsubsidies	3,786,472	853,079,562	648,984,657	207,881,377
2.Employeewelfare	4,395,098	75,624,668	59,613,962	20,405,804
3.Socialinsurancepremiums	206,168,337	107,757,241	94,497,431	219,428,147

Including：

Medicalinsurance

Including：Medicalinsurance	206,119,378	86,186,956	73,243,242	219,063,092
Workinjuryinsurance	238	2,841,791	2,736,259	105,770
Maternityinsurance	48,721	1,515,178	1,304,614	259,285
4.Publicreservesforhousing	25,974	93,270,806	90,690,059	2,606,721
5.Unionfundsandstaffeducationfee	145,002,944	31,677,692	30,834,923	145,845,713
Othershort-termremuneration	9,501,244	23,823,713	18,705,025	14,619,932
Total	368,880,069	1,185,233,682	943,326,057	610,787,694

（3）Definedcontributionplanslisted

InRMB

Items	Balanceinyear-begin	Increaseinthisperiod	Payableinthisperiod	Balanceinyear-end
1.Basicold-ageinsurancepremiums	54,757	110,957,531	107,262,641	3,749,647
2.Unemploymentinsurance	7,008	3,692,814	3,678,657	21,165
3.Annuitypayment	3,067,060	62,668,888	56,844,683	8,891,265
Total	3,128,825	177,319,233	167,785,981	12,662,077

40.TaxPayable

InRMB

Items	Closingbalance	Openingbalance
VAT	165,649,502	33,926,459
EnterpriseIncometax	246,339,840	142,673,955
IndividualIncometax	1,527,970	28,187,414
CityConstructiontax	3,898,923	1,306,426
LandVAT	80,216,700	80,216,700
HousepropertyTax	26,661,567	924,458
Landusetax	7,697,489	217,542
Educationsurcharges	3,054,475	1,088,906
Other	12,913,342	13,943,055
Total	547,959,808	302,484,915

41.Otherpayable

InRMB

Items	Closingbalance	Openingbalance
Dividendpayable	9,771,322	28,324,843
Otherpayable	9,523,419,107	9,375,333,188
Total	9,533,190,429	9,403,658,031

（1）InterestpayableNotapplicable

（2）Dividendspayable

InRMB

Items	Closingbalance	Openingbalance
Commonstockdividends	9,771,322	28,324,843

Total

Total

9,771,322

28,324,843

Note:Includingsignificantunpaiddividendspayableoveroneyear,theunpaidreasonshallbedisclosed:

Thispartofdividendsismainlypayabletoshareholdersofnon-tradableshareswhohavenotgonethroughtheformalitiesofshare-tradingreform.Thispartofdividendswillbepaidaftertheformalitiesarecompleted.

（3）Otherpayable1）Disclosurebynature

InRMB

Items	Closingbalance	Openingbalance
Constructionandequipmentexpensespayable	8,658,033,215	8,097,497,010
Carbonemissionallowancespayable	335,603,198	382,721,278
Generatorunitcapacitypayable	249,056,604	249,056,604
Advancespayabletothirdparties	69,300,709	98,388,118
Engineeringqualityguaranteepayable	68,867,075	236,415,770
Administrativefinespayable	11,531,700	11,531,700
Payablesforequityacquisition	0	68,180,122
Other	131,026,606	231,542,586
Total	9,523,419,107	9,375,333,188

2)Otherpayableswithlargeamountandagingofoveroneyear

InRMB

Items	Closingbalance	Reason
Otherpayable	1,933,301,790	Failuretomeetpaymentterms
Total	1,933,301,790

OthernoteAsat31June30,20232,otherpayablesofRMB1,933,301,790(31December2022:RMB2,403,143,193)agedoveroneyearmainlyrepresentedconstructionandequipmentexpensespayableandwarrantypayablenotbeingsettledbecausethecomprehensiveacceptanceandsettlementofrelevantprojectswereyettobecompletedorprojectswerestillwithintheirwarrantyperiods.

42.LiabilitiesclassifiedasholdingforsaleNotapplicable

43.Non-currentliabilitiesduewithin1year

InRMB

Items	Closingbalance	Openingbalance
Long-termloansduein1year	2,665,830,597	2,685,540,872
Bondpayableduein1year	1,163,289,481	334,056,607
Long-termAccountpayableduein1year	9,718,181	18,508,453
Leaseliabilitiesduein1year	769,727,104	937,144,038
Total	4,608,565,363	3,975,249,970

44.Othercurrent-liabilities

InRMB

Items

Items	Closingbalance	Openingbalance
Short-termbondpayable	0	3,503,496,438
Returnpayable	0	0
OutputVATtobewrittenoff	736,111,250	671,353,936
Total	736,111,250	4,174,850,374

Changesinshort-termdebenturespayable：

InRMB

Name	Facevalue	Issuancedate	Maturityperiod	Issuanceamounts	Balanceatthebeginningoftheyear	Issuanceduringtheyear	Interestatfacevalue	Amortizationofdiscountsorpremium	Repaymentfortheperiod	Balanceattheendoftheyear
Thirdbatchofsupershort-termfinancingnotesissuedbyGuangdongElectricPowerDevelopmentCo.,Ltd.,2022	2,000,000,000	December9,2022	177days	2,000,000,000	2,002,564,383	0	20,130,411	0	2,022,694,794	0
Fourthbatchofsupershort-termfinancingnotesissuedbyGuangdongElectricPowerDevelopmentCo.,Ltd.,2022	1,500,000,000	December22,2022	90days	1,500,000,000	1,500,932,055	0	8,388,493	0	1,509,320,548	0
Total	3,500,000,000			3,500,000,000	3,503,496,438	0	28,518,904	0	3,532,015,342	0

45.Long-termborrowings

（1）Long-termtermborrowings

InRMB

Items	Closingbalance	Openingbalance
Pledgedborrowings	5,247,859,961	5,539,508,558
Mortgageborrowings	0	0
Guaranteeloan	2,242,271,479	2,430,601,995

Creditloans

Creditloans	45,252,034,355	34,890,822,075
Total	52,742,165,795	42,860,932,628

46.Bondpayable

（1）Bondpayable

InRMB

Items	Closingbalance	Openingbalance
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2020(PhaseI)byGuangdongElectricPowerDevelopmentCo.,Ltd.	0	1,499,754,232
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseI)byGuangdongElectricPowerDevelopmentCo.,Ltd.	0	999,962,264
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseII)byGuangdongElectricPowerDevelopmentCo.,Ltd.	1,499,906,603	1,499,889,622
PublicIssuanceofCorporateBondstoProfessionalInvestorsin2021(PhaseIII)ofGuandongElectricPowerDevelopmentCo.,Ltd.	799,748,428	799,710,692
2021MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	1,199,910,066	1,199,372,330
2021MTN(PhaseII)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	2,198,362,750	2,197,771,241
2022MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	598,682,547	598,521,226
2023MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	1,598,379,874	0
MTN(PhaseI)ofGuangdongPinghaiPowerGenerationPlantCo.,Ltd.	299,659,475	299,508,302
PublicIssuanceofGreenCorporateBondstoQualifiedInvestorsin2020(PhaseI)byGuangdongWindPowerGenerationCo.,Ltd	599,446,432	0
Total	8,794,096,175	9,094,489,909

（2）Changesofbondspayable(Notincludingtheotherfinancialinstrumentofpreferredstockandperpetualcapitalsecuritiesthatclassifyasfinancialliability

InRMB

Nameofthebond	Facevalue	Issuedate	Period	Issueamount	Openingbalance	Thecurrentissue	Withdrawinterestatpar	Overflowdiscountamount	Payincurrentperiod	Transferouttonon-currentliabilitiesduewithinoneyea	Closingbalance
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2020(PhaseI)byGuangdongElectricPowerDevelopmentCo.,Ltd.	1,500,000,000	April29,2020	3+2years	1,500,000,000	1,499,754,232		12,048,630	245,768	-1,500,000,000	-12,048,630	0
PublicIssuanceofCorporate	1,000,000,000	January27,2021	3years	1,000,000,000	999,962,264		17,850,000	18,868		-1,017,831,132	0

BondstoQualifiedInvestorsin2021(PhaseI)byGuangdongElectricPowerDevelopmentCo.,Ltd.

BondstoQualifiedInvestorsin2021(PhaseI)byGuangdongElectricPowerDevelopmentCo.,Ltd.
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseII)byGuangdongElectricPowerDevelopmentCo.,Ltd.	1,500,000,000	April28,2021	3+2years	1,500,000,000	1,499,889,622		26,250,000	16,981		-26,250,000	1,499,906,603
PublicIssuanceofCorporateBondstoProfessionalInvestorsin2021(PhaseIII)ofGuandongElectricPowerDevelopmentCo.,Ltd.	800,000,000	November24,2021	5years	800,000,000	799,710,692		13,640,000	37,736		-13,640,000	799,748,428
2021MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	1,200,000,000	July19,2021	3years	1,200,000,000	1,199,372,330		19,020,000	537,736		-19,020,000	1,199,910,066
2021MTN(PhaseII)ofGuangdongElectric	2,200,000,000	November15,2021	3years	2,200,000,000	2,197,771,241		34,430,000	591,509		-34,430,000	2,198,362,750

PowerDevelopmentCo.,Ltd.

PowerDevelopmentCo.,Ltd.
2022MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	600,000,000	August24,2022	5years	600,000,000	598,521,226		8,700,000	161,321		-8,700,000	598,682,547
2023MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd.	1,600,000,000	March15,2023	5years	1,600,000,000	0	1,600,000,000	15,602,740	-1,620,126		-15,602,740	1,598,379,874
MTN(PhaseI)ofGuangdongPinghaiPowerGenerationPlantCo.,Ltd.	300,000,000	October15,2021	3years	300,000,000	299,508,302		5,580,000	151,173		-5,580,000	299,659,475
PublicIssuanceofGreenCorporateBondstoQualifiedInvestorsin2020(PhaseI)byGuangdongWindPowerGenerationCo.,Ltd	600,000,000	March17,2023	3+2years	600,000,000	0	600,000,000	5,294,589	-553,568		-5,294,589	599,446,432
Total				11,300,000,000	9,094,489,909	2,200,000,000	158,415,959	-412,602	1,500,000,000	1,158,397,091	8,794,096,175

(3)Notetoconditionsandtimeofsharetransferofconvertiblebonds

Notapplicable

（4）OtherfinancialinstrumentsthatareclassifiedasfinancialliabilitiesNotapplicable

47.Leaseliability

InRMB

Items

Items	Closingbalance	Openingbalance
Netleaseliabilities	7,617,307,100	6,870,820,017
Total	7,617,307,100	6,870,820,017

48.Long-termpayable

InRMB

Items	Closingbalance	Openingbalance
Long-termpayable	491,702,974	641,337,028
Specialpayable	24,960,000	24,960,000
Total	516,662,974	666,297,028

(1)Long-termpayablelistedbynatureoftheaccount

InRMB

Items	Closingbalance	Openingbalance
Seaareausagefeepayable	387,146,927	370,495,909
Equipmentandconstructionexpensespayable	104,556,047	270,841,119

（2）Specificpayable

InRMB

Items	Openingbalance	Increase	Decrease	Closingbalance	Cause
Supportingfundsforexpansion	24,960,000			24,960,000
Total	24,960,000			24,960,000

Othernote：

ThepayablesforspecificprojectsrepresentthefundgrantedforbenefitsimprovementandcapacityexpansionbygovernmentsatprovincialandcentralleveltoLincangEnergy,subsidiaryofthecompany.AccordingtothedocumentissuedbyYunnanWaterConservancy&HydropowerInvestmentCo.,Ltd.(YunShuiTouFa[2015]No.16),suchpayablesforspecificprojectweresubjecttoaninterestrateof4%from1January2015.Thecorrespondinginterestwasrecordedinthefinancialexpensesbythecompany.

49.Long-termemployeesalarypayable

（1）Long-termemployeesalarypayable

InRMB

Items	Closingbalance	Openingbalance
I.Post-employmentbenefits-definedcontributionplans	89,461,834	83,371,428

II.Dismissalbenefits

II.Dismissalbenefits	273,891,151	299,605,384
III.Otherlong-termbenefits	38,487,339	46,288,457
Total	401,840,324	429,265,269

(2)ChangesofdefinedbenefitplansNotapplicable

50.PredictedliabilitiesNotapplicable

51.Deferredincome

InRMB

Items	Beginningofterm	Increasedthisterm	Decreasedthisterm	Endofterm	Reason
GovernmentSubsidy	142,292,215	30,000	7,315,658	135,006,557	Asset-relatedgovernmentgrantsreceived
Total	142,292,215	30,000	7,315,658	135,006,557

Detailsofgovernmentsubsidies：

InRMB

Items	Beginningofterm	Newsubsidyincurrentperiod	Amounttransferredtonon-operationalincome	Otherincomerecordedinthecurrentperiod	Amountofcostdeductedinthecurrentperiod	Otherchanges	Endofterm	Asset-relatedorincome-related
Specialfundsfor#1-#3generators’desulfurizationproject	13,803,630			651,784			13,151,846	Asset-related
Energysavinggrants	11,023,653			821,456			10,202,197	Asset-related
Specialtreasurybond-basedgovernmentgrantsfordesulfurisationprojects	10,737,039			671,065			10,065,974	Asset-related
CompensationforrelocationandrenovationofShajiaoA	5,561,359						5,561,359	Asset-related
TaxrefundforPRC-madeequipment	5,740,520			1,148,104			4,592,416	Asset-related
EnvironmentalgrantsforSCRdenitration	5,794,913			882,308			4,912,605	Asset-related

project

project
Provincialspecialfundsforenterprises’technologyimprovement	4,709,274		744,601		3,964,673	Asset-related
1&2#generatorunitsturbinebyZhongyueEnergy	6,153,847				6,153,847	Asset-related
Secondincentivesforcomprehensiveandtypicaldemonstrationprojectsunderfinancialpoliciesofenergysaving	5,850,000				5,850,000	Asset-related
DevelopmentandcompetitivenessfundsfromSASAC	5,333,334				5,333,334	Asset-related
Postrewardingsubsidiesforultra-lowemissionsof1&2#generators	4,379,575				4,379,575	Asset-related
Grantsforenergysavingandconsumptionreductionof6#generatorflowreconstruction	4,220,535		239,094		3,981,441	Asset-related
Grantsforcomprehensivetechnicaltransformationprojectforgeneratortransformationandupgrading	3,674,031		263,192		3,410,839	Asset-related
IncentivesforenergyefficiencyofpowerplantbyDongguan	1,647,688				1,647,688	Asset-related
Specialfundsfortechnicaltransformationofultra-lowemissionsof5&6#	4,822,285				4,822,285	Asset-related

generators

generators
Other	48,840,532	30,000		1,894,054		46,976,478	Asset-related
Total	142,292,215	30,000		7,315,658		135,006,557

52.Othernon-currentliabilities

InRMB

Items	Closingbalance	Openingbalance
Capitalinjection	50,000,000	128,400,000
Housingrevolvingfund	1,028,167	1,028,167
Total	51,028,167	129,428,167

Othernote：

In2018,QujieWindPower-thecompany'ssubsidiaries-receivedcapitalinjectionsofRMB50,000,000andRMB50,000,000fromGuangdongEnergyGroup,whichwouldbeusedfortheQujieWailuoOffshoreWindPowerProject.AsofJune30,2023,QujieWindPowerwasrecordedasothernon-currentliabilitiesduetothefailuretocompletetheindustrialandcommercialchangeregistration.

53.Stockcapital

InRMB

	Year-beginningbalance	Changed（+，-）					Balanceinyear-end
		Issuanceofnewshare	Bonusshares	Capitalizationofpublicreserve	Other	Subtotal
Totalof	5,250,283,986	0	0	0	0	0	5,250,283,986

54.Otherequityinstruments

(1)Basicinformationofpreferredstock,perpetualcapitalsecuritiesandotherfinancialinstrumentsoutstandingissuedatperiod-endNotapplicable

(2)Changelistofpreferredstock,perpetualcapitalsecuritiesandotherfinancialinstrumentsoutstandingissuedatperiod-endNotapplicable

55.Capitalreserves

InRMB

Items	Year-beginningbalance	Increaseinthecurrentperiod	Decreaseinthecurrentperiod	Year-endbalance
Sharepremium	3,972,546,925		3,611,666	3,968,935,259
Othercapitalreserves	-76,905,774			-76,905,774
Revaluationreserve	119,593,718			119,593,718
InvestmentfromGEGC	395,000,000			395,000,000

Shareofinterestsintheinvesteeinproportiontotheshareholding(b)

Shareofinterestsintheinvesteeinproportiontotheshareholding(b)	-173,662,956			-173,662,956
Transferofcapitalsurplusrecognisedunderthepreviousaccountingsystem	20,474,592			20,474,592
Total	4,257,046,505		3,611,666	4,253,434,839

Othernotes,includingthenotetoitsincrease/decreaseandthecause(s)ofitsmovementinthereportingperiod:

Inthefirsthalfof2023,thecapitalsurplusoftheGroupdecreasedbyRMB3,611,666duetothedilutionoftheproportionofequityheldbytheGrouparisingfromcapitalincreasebyminorityshareholdersofcertainsubsidiariesoftheGroup.

56.TreasurystockNotapplicable

57.Othercomprehensiveincome

InRMB

Items	Year-beginningbalance	Amountofcurrentperiod						Closingbalance
		Amountincurredbeforeincometax	Less：Amounttransferredintoprofitandlossinthecurrentperiodthatrecogniedintoothercomprehensiveincomeinpriorperiod	Less：Priorperiodincludedinothercompositeincometransfertoretainedincomeinthecurrentperiod	Less：Incometaxexpenses	After-taxattributetotheparentcompany	After-taxattributetominorityshareholder
I.Othercomprehensiveincomethatwillnotbesubsequentlyreclassifiedtoprofitorloss	1,628,495,079	-167,478,725			-45,498,692	-121,980,033		1,506,515,046
Including:Changesarisingfromremeasurementofdefinedbenefitplans	-37,296,993							-37,296,993
Othercomprehensiveincomethatcannotbetransferredtoprofitorlossunderequitymethod	79,138,160	14,516,041				14,516,041		93,654,201
Changesinfairvalueofinvestments	1,586,653,912	-181,994,766			-45,498,692	-136,496,074		1,450,157,838

inotherequityinstruments

inotherequityinstruments
II.Othercomprehensiveincomethatwillbesubsequentlyreclassifiedtoprofitorloss	1,342,878						1,342,878
Including：Shareofothercomprehensiveincomeoftheinvesteethatcannotbetransferredtoprofitorlossaccountedforusingtheequitymethod	1,342,878						1,342,878
Totalofothercomprehensiveincome	1,629,837,957	-167,478,725		-45,498,692	-121,980,033		1,507,857,924

58.Specialreserves

InRMB

Items	Year-beginningbalance	Increaseinthecurrentperiod	Decreaseinthecurrentperiod	Year-endbalance
Safetyinproduction	520,379	165,514,235	93,313,657	72,720,957
Total	520,379	165,514,235	93,313,657	72,720,957

59.Surplusreserves

InRMB

Items	Year-beginningbalance	Increaseinthecurrentperiod	Decreaseinthecurrentperiod	Year-endbalance
Statutorysurplusreserve	3,016,893,870			3,016,893,870
Discretionarysurplusreserve	5,886,621,265			5,886,621,265
Total	8,903,515,135			8,903,515,135

60.Retainedprofits

InRMB

Items	Amountofthisperiod	Amountoflastperiod
Beforeadjustments:Retainedprofitsinlastperiodend	200,668,517	3,205,422,561
Adjustthetotalundistributedprofitsatthebeginningoftheperiod	108,421,140	84,938,618
Afteradjustments:Retainedprofitsattheperiodbeginning	309,089,657	3,290,361,179
Add：Netprofitbelongingtotheowneroftheparentcompany	856,538,633	-1,371,743,904

Retainedprofitattheendofthisterm

Retainedprofitattheendofthisterm

1,165,628,290

1,918,617,275

Asregardsthedetailsofadjustedthebeginningundistributedprofits

(1)AstheretroactiveadjustmentonEnterpriseAccountingStandardsanditsrelatednewregulations,theaffectedbeginningundistributedprofitsareRMB0.00.

(2)Asthechangeoftheaccountingpolicy,theaffectedbeginningundistributedprofitsareRMB0.00.

(3)Asthecorrectionofsignificantaccountingerror,theaffectedbeginningundistributedprofitsareRMB0.00.

(4)Asthechangeofconsolidationscopecausedbythesamecontrol,theaffectedbeginningundistributedprofitsareRMB0.00

(5)OtheradjustmentofthetotalaffectedbeginningundistributedprofitsareRMB0.00.

61.Businessincome,Businesscost

InRMB

Items	Amountofcurrentperiod		Amountofpreviousperiod
	Income	Cost	Income	Cost
Mainbusiness	28,177,515,353	25,146,455,159	22,423,023,603	23,089,561,766
Otherbusiness	163,325,531	11,454,398	188,216,130	24,622,840
Total	28,340,840,884	25,157,909,557	22,611,239,733	23,114,184,606

Incomerelatedinformation:

InRMB

Contractclassification	Division1	Division2	Total
Commoditytype
Including
Electricpower	28,015,854,478		28,015,854,478
Generationby-product	141,968,590		141,968,590
ThermalEnergy	121,708,867		121,708,867
Laborservice	39,952,008		39,952,008
Rent	21,356,941		21,356,941
Area
Including
Guangdong	27,672,103,611		27,672,103,611
Xinjiang	470,376,437		470,376,437
Hunan	73,335,885		73,335,885
Hebei	46,668,601		46,668,601
Guangxi	29,169,838		29,169,838
Yunnan	21,621,661		21,621,661
Henan	19,388,294		19,388,294
Shangdong	8,176,557		8,176,557
Markettype
Including
Powermarket	28,015,854,478		28,015,854,478
Othermarket	324,986,406		324,986,406
Contracttype
Including
Sellgoods	28,279,531,935		28,279,531,935
Service	39,952,008		39,952,008
Assetsuserights	21,356,941		21,356,941
Bythetimeofcommoditytransfer
Including
Recognizeatacertaintime	28,279,531,935		28,279,531,935

point

point
Recognizeinacertainperiodoftime	61,308,949		61,308,949
Constrictterm
Including

Saleschannel

Saleschannel

Including

Total

Informationrelatedtoperformanceobligations:

TotalCommoditytype

Commoditytype	Usualperformancetimeofperformanceobligation	Importantpaymentterms	Commoditynature
Electricpower	Whenpowerissuppliedtothegridcompany	Cashsettlement/monthlysettlement	Electricpower
Heatenergy	Whenheatenergyissuppliedtocustomerswhobuyheat,	Cashsettlement/monthlysettlement	Heatenergy
Powergenerationby-products	Whenby-productssuchasflyashgeneratedbypowergenerationaretransportedtotheagreeddeliveryplace,	Cashsettlement/monthlysettlement	Powergenerationby-products
Laborservice	Serviceprovisionperiod	Cashsettlement/monthlysettlement	Laborservice

Informationrelatedtothetransactionpriceapportionedtotheresidualperformanceobligation:

TheincomecorrespondingtotheperformanceobligationsthathavenotbeenperformedorhavebeenperformedincompletelybutthecontracthasbeensignedattheendofthereportingperiodisRMB164,345,927,ofwhichRMB123,766,025isexpectedtoberecognizedasincomein2023,RMB37,868,830isexpectedtoberecognizedasincomein2024,RMB2,711,072isexpectedtoberecognizedasincomein2025.

62.Businesstaxandsubjoin

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod
Urbanconstructiontax	20,982,925	3,856,511
Educationsurcharge	17,013,685	2,168,420
Propertytax	30,411,494	31,305,276
Landusetax	8,191,136	7,940,925
vehicleandvesselusagetax	100,952	85,951
Stamptax	17,244,729	18,448,026
Environmentalprotectiontax	7,137,908	5,504,435
Other	1,753,156	2,705,837
Total	102,835,985	72,015,381

63.Sellingexpenses

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod
Employee’sremuneration	26,991,664	25,269,233
Depreciationexpenses	1,586,470	1,660,382
Businessexpense	1,506,634	1,255,893
PublicityExpenses	499,576	159,485
Other	5,008,033	2,115,057
Total	35,592,377	30,460,050

64.Administrativeexpenses

InRMB

Items

Items	Amountofcurrentperiod	Amountofpreviousperiod
Employee’sremuneration	342,670,104	283,189,854
Depreciationexpenses	44,290,298	38,783,816
Amortizationofintangibleassets	39,695,165	33,707,412
Firesafetyexpenses	22,669,873	17,730,695
Propertymanagementexpenses	18,466,436	18,911,954
Agencyfee	10,693,421	9,501,922
Travelexpenses	6,805,399	2,889,500
Aforestationfee	6,278,013	5,882,034
Rentalexpenses	5,354,288	6,065,423
Officeexpenses	4,172,104	5,698,458
Consultingfee	3,837,134	2,185,778
Businessfee	3,446,976	2,366,481
Insuranceexpenses	1,502,305	1,265,954
Lowconsumablesamortization	1,232,497	1,117,419
Expensesonboardmeetings	204,352	150,590
Other	42,470,945	48,508,584
Total	553,789,310	477,955,874

65.R&DExpense

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod
Directinputfee	309,968,136	535,940,368
Employee’sremuneration	84,778,704	114,635,359
Other	67,056,940	92,283,264
Outsourcedresearchanddevelopmentexpenses	4,809,871	9,465,979
Total	466,613,651	752,324,970

66.FinancialExpenses

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod
Interestexpenses	1,192,393,983	1,135,329,167
Interestincome	-53,610,047	-66,355,499
Bankchargesandothers	7,673,204	12,084,176
Total	1,146,457,140	1,081,057,844

67.Otherincome

InRMB

Othersourcesofrevenue	AmountoftheCurrentTerm	AmountofthePreviousTerm
RevenuefromtimelylevyandrefundofVAT	12,915,790	19,790,415
Amortizationofthedeferredincomerelatedtotheassets	7,315,658	6,345,576
Other	5,914,699	9,057,081

68.Investmentincome

InRMB

Items

Items	Amountofthisperiod	Amountoflastperiod
Long-termequityinvestmentincomebyequitymethod	518,414,902	498,927,895
Disposaloftheinvestmentincomegeneratedfromthelong-termequityinvestment	0	607,470
Dividendsearnedduringtheholdingperiodoninvestmentsinotherequityinstrument	117,258,950	90,156,139
Other	467,255
Total	636,141,107	589,691,504

69.NetexposurehedgingincomeNotapplicable

70.GainsonthechangesinthefairvalueNotapplicable

71.Creditimpairmentloss

InRMB

Items	Amountofthisperiod	Amountoflastperiod
Lossofbaddebtsinotherreceivables	-628,072	2,201,102
Lossofbadaccountsreceivable	60,337	-472,403
Total	-567,735	1,728,699

72.Lossesfromassetimpairment

InRMB

Items	Amountofthisperiod	Amountoflastperiod
V.Impairmentlossoffixedassets	-5,052,018
Total	-5,052,018

73.Assetsdisposalincome

InRMB

Source	Amountofthisperiod	Amountoflastperiod
IncomefromdisposalofFixedassets	-1,988,902	31,707,133

74.Non-Operationincome

InRMB

Items

Amountofcurrentperiod

Amountofpreviousperiod

Recordedintheamountofthenon-recurringgainsand

losses

			losses
Gainondisposalofnon-currentassets	2,724,564	2,242,304	2,724,564
Afinenetincome	6,701,756	62,263	6,701,756
Incomefromcarbonemissionquotatrading	2,520,863		2,520,863
ClaimsandCompensationIncome	1,546,721	176,008	1,546,721
Afinenetincome	1,284,129	1,198,829	1,284,129
Inventoryscrap		416,655
Other	5,952,306	4,770,206	5,952,306
Total	20,730,339	8,866,265	20,730,339

Governmentsubsidiesrecordedinthecurrentprofitandloss:

Notapplicable

75.Non-currentexpenses

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod	Theamountofnon-operatinggains&losses
Foreigndonations	120,067	104,416	120,067
Lossonobsolescenceofnon-currentassets	9,754,776	5,145,026	9,754,776
Finefordelayingpayment	3,664,929	5,470,272	3,664,929
Other	2,885,315	1,237,646	2,885,315
Carbonemissionrightsassetsusedforperformance		8,000,000
Total	16,425,087	19,957,360	16,425,087

76.Incometaxexpenses

（1）Incometaxexpenses

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod
Currentincometaxexpense	394,242,693	88,354,741
Deferredincometaxexpense	-28,862,131	-239,624,740
Total	365,380,562	-151,269,999

（2）Adjustmentonaccountingprofitandincometaxexpenses

InRMB

Items	Amountofcurrentperiod
Totalprofits	1,536,626,715
Incometaxexpensescalculatedonlegal/applicabletaxrate	381,499,552
Effectofdifferenttaxrateapplicabletothesubsidiarycompany	-72,457,980
Influenceofnontaxableincome	-181,281,575
Impactofnon-deductiblecosts,expensesandlosses	18,515,413
Transfer-outofdeductiblelossesforwhichdeferredtaxassetwasrecognised	-68,252,969
Deductibletemporarydifferencesforwhichnodeferredtaxassetwasrecognisedinthecurrentperiod	300,458,156
Utilisationofdeductiblelossesforwhichnodeferredtaxassetwasrecognisedinpreviousperiods	-4,906,746

Utilisationofdeductibletemporarydifferencesforwhichnodeferredtaxassetwasrecognisedinpreviousperiods

Utilisationofdeductibletemporarydifferencesforwhichnodeferredtaxassetwasrecognisedinpreviousperiods	-8,193,289
Incometaxexpenses	365,380,562

77.OthercomprehensiveincomeRefertothenotesVII(57)

78.ItemsofCashflowstatement

（1）Othercashreceivedfrombusinessoperation

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod
Interestincome	52,478,188	60,744,913
GovernmentSubsidy	7,460,673	12,106,261
Claimsandcompensationincome	33,501,204	4,120,923
Rentalfee	20,310,210	16,274,284
Other	119,036,664	170,803,211
Total	232,786,939	264,049,592

(2)Othercashpaidrelatedtooperatingactivities

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod
Insuranceexpenses	50,189,015	59,805,167
Equipmentcleaningandsanitationandgreeningfee	13,165,075	11,179,627
Transportationfee	694,898	1,944,107
Fireguardfee	29,133,224	14,894,750
Businessfee	4,323,743	3,708,958
AgencyCharge	12,231,023	6,212,870
Officeexpenses	5,976,060	5,643,624
Travelexpenses	9,853,730	4,542,242
Rentalfee	15,564,043	14,137,813
Enterprisepublicityexpenses	3,070,543	2,671,933
Informationsystemmaintenance	8,828,196	69,173,691
Waterandelectricity	45,584,565	38,633,864
R&D	20,588,480	13,560,305
Propertymanagement	18,682,257	20,865,234
Vehicle	12,778,900	15,702,294
Labourunion	6,907,063	8,708,932
Other	363,784,010	325,111,885
Total	621,354,825	616,497,296

(3)Cashreceivedrelatedtootherinvestmentactivities

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod
Receivedreturnedlanddeposit	0	300,000
Total	0	300,000

(4)CashpaidrelatedtootherinvestmentactivitiesNotapplicable

（5）OthercashreceivedinrelationtofinancingactivitiesNotapplicable

（6）Cashpaidrelatedwithfinancingactivities

InRMB

Items

Items	Amountofcurrentperiod	Amountofpreviousperiod
Repaymentsofleaseliabilitiesandlong-termpayables	360,504,971	20,793,683
Paytominorityshareholdersforcapitalreductio	1,023,668,493
Other	84,106,150
Total	1,468,279,614	20,793,683

79.SupplementInformationforcashflowstatement

（1）SupplementInformationforcashflowstatement

InRMB

SupplementInformation	Amountofcurrentperiod	Amountofpreviousperiod
I.Adjustingnetprofittocashflowfromoperatingactivities
Netprofit	1,171,246,153	-2,118,259,680
Add:Impairmentlossprovisionofassets	567,735	-1,728,699
Depreciationoffixedassets,oilandgasassetsandconsumablebiologicalassets	2,426,875,827	2,343,017,900
DepreciationofUserightassets	235,484,882	131,524,416
Amortizationofintangibleassets	55,927,883	44,413,829
AmortizationofLong-termdeferredexpenses	24,137,448	3,288,367
Lossondisposaloffixedassets,intangibleassetsandotherlong-termdeferredassets	1,988,902	-31,707,133
Fixedassetsscraploss	7,030,212	2,902,722
Lossonfairvaluechanges
Financialcost	1,146,457,140	1,081,057,844
Lossoninvestment	-636,141,107	-589,691,504
Decreaseofdeferredincometaxassets	22,310,364	-311,455,554
Increasedofdeferredincometaxliabilities	-51,172,495	-38,678,242
Decreaseofinventories	-425,185,713	-136,871,256
Deceaseofoperatingreceivables	-2,036,882,617	848,217,168
IncreasedofoperatingPayable	777,725,402	-1,434,388,688
Other
Netcashflowsarisingfromoperatingactivities	2,720,370,016	-208,358,510
II.Significantinvestmentandfinancingactivitiesthatwithoutcashflows:
Conversionofdebtintocapital

Convertiblecorporatebondsmaturingwithinoneyear

Convertiblecorporatebondsmaturingwithinoneyear
Financingoffixedassetsleased
3．Movementofcashandcashequivalents：
Endingbalanceofcash	11,394,942,728	10,767,718,823
Less:Beginningbalanceofcashequivalents	11,433,808,500	8,023,116,939
Add：Endbalanceofcashequivalents
Less:Beginningbalanceofcashequivalents
Netincreaseofcashandcashequivalent	-38,865,772	2,744,601,884

(2)NetCashpaidofobtainingthesubsidiaryNotapplicable

(3)NetCashreceiveofdisposalofthesubsidiaryNotapplicable

(4)Componentofcashandcashequivalents

InRMB

Items	Year-endbalance	Year-beginningbalance
I.Cash	11,394,942,728	11,433,808,500
Including：Cashathand	49,500	46,435
Demandbankdeposit	11,394,893,228	11,433,762,065
III.Balanceofcashandcashequivalentsattheperiodend	11,394,942,728	11,433,808,500

80.Noteofstatementofchangesintheowner'sequityNotapplicable

81.Theassetswiththeownershiporuserightrestricted

InRMB

Items	Closingbookvalue	Causationoflimitation
Monetaryfunds	34,012,265	Ecologicalsecurity,landreclamationbond,projectperformancebondandspecialprojectdeposit
Usingrightassets	5,547,584,619	Assetstouserightsformedbyfinancinglease
Total	5,581,596,884

82.Foreigncurrencymonetaryitems

(1)Foreigncurrencymonetaryitems

InRMB

Items	Closingforeigncurrencybalance	Exchangerate	ClosingconverttoRMBbalance
Monetarycapital
Including：USD	191	7.2258	1,378
Euro
HKD	13,612	0.9220	12,550

Accountreceivable

Accountreceivable

Including：USD

Euro

HKD

Long–termborrowings

Long–termborrowings
Including：USD	6,507,930	7.2258	47,025,000
Euro
HKD

(2)Notetooverseasoperatingentities,includingimportantoverseasoperatingentities,whichshouldbedisclosedaboutitsprincipalbusinessplace,functioncurrencyforbookkeepingandbasisforthechoice.Incaseofanychangeinfunctioncurrency,thecauseshouldbedisclosed.

□Applicable√Notapplicable

83.HedgingArbitrageAccordingtoarbitragecategorytodisclosearbitrageitem,relevantarbitragetoolsandthearbitragedriskqualitativeandquantitativeinformation:

84.Governmentsubsidies

（1）Governmentsubsidiesconfirmedincurrentperiod

InRMB

Items	Amount	Project	Amountincludedincurrentprofitandloss
RevenuefromtimelylevyandrefundofVAT	12,915,790	Otherincome	12,915,790
Amortizationofthedeferredincomerelatedtotheassets	7,315,658	Otherincome	7,315,658
Other	5,914,699	Otherincome	5,914,699

（2）Governmentsubsidyreturn

□Applicable√Notapplicable

85.Other

VIII.Changesofmergescope

1.Businessmergernotundersamecontrol

(1)BusinessmergernotundersamecontrolinreportingperiodNotapplicable

(2)BusinesscombinationunderthesamecontrolNotapplicable

(3)CounterpurchaseNotapplicable

(4)Thedisposalofsubsidiary

Whethertherearemultipletransactionsstepbystepdisposetheinvestmenttosubsidiaryandlostcontrolinreportingperiod

□Yes√No

(5)NotetomergercouldnotbedeterminedreasonableconsiderationorIdentifiableassets,FairvalueofliabilitiesoftheacquireeatacquisitiondateorclosingperiodofthemergeNotapplicable

（6）Othernote

2.Businesscombinationunderthesamecontrol

(1)BusinesscombinationunderthesamecontrolduringthereportingperiodNotapplicable

(2)CombinationcostNotapplicable

(3)ThebookvalueoftheassetsandliabilitiesofthemergedpartyonthedateofconsolidationNotapplicable

3.CounterpurchaseNotapplicable

4.ThedisposalofsubsidiaryWhetherthereisasingledisposaloftheinvestmenttosubsidiaryandlostcontrol

□Yes√No

Whethertherearemultipletransactionsstepbystepdisposetheinvestmenttosubsidiaryandlostcontrolinreportingperiod

□Yes√No

5.OtherreasonsforthechangesincombinationscopeSubsidiariesestablishedduringtheyear:

TheabovecompaniesthatwereacquiredbyacquisitionofassetsaresubsidiariesacquiredbythecompanyandItssubsidiariesthroughacquisitionofassetsfromrelatedparties.Asattheacquisitiondate,theabove

companieshadnootherbusinessesorassetsotherthanconstructioninprogress,fixedassetsandright-of-useassets,andtheacquisitiondidnotinvolveemployees.Theacquisitionofassetsdidnotconstituteabusinessastherewasnotanyoutputattheacquisitiondate.

6.Other

Name

Name	Majorbusinesslocation	Placeofregistration	Natureofbusiness	Registeredcapital	Shareholding(%)		Acquisitionmethod
					Direct	Indirect
ZhonggongEnergyTechnology(Maoming)Co.,Ltd.	Gaozhou	Gaozhou	Electricpower	1,000,000	100%		Acquisitionofassets
YahuaNewEnergyTechnology(Gaozhou)Co.,Ltd.	Gaozhou	Gaozhou	Electricpower	10,000,000		100%	Acquisitionofassets
GuangdongEnergyGroupXingjiangCo.,Ltd.	Urumqi	Urumqi	Electricpower	300,000,000	100%		Establish
ZhuhaiYudeanNewEnergyCo.,Ltd.	Zhuhai	Zhuhai	Electricpower	5,000,000	100%		Establish
YunfuYudeanZhennengNewEnergyCo.,Ltd.	Yunfu	Yunfu	Electricpower	1,000,000	100%		Establish
TumusukeYudeanChangheNewEnergyCo.,Ltd.	Tumusuke	Tumusuke	Electricpower	500,000	100%		Establish
XintianYuefengNewEnergyCo.,Ltd.	Yongzhou	Yongzhou	Electricpower	2,000,000		100%	Establish
LanshanYuefengNewEnergyCo.,Ltd.	Yongzhou	Yongzhou	Electricpower	2,000,000		100%	Establish

IX.Equityinotherentity

1.Equityinsubsidiary

（1）Constituteofenterprisegroup

Subsidiary

Subsidiary	Mainoperation	Registeredplace	Businessnature	Share-holdingratio		Acquiredway
				Directly	Indirectly
MaomingTermalpowerPlant	Maoming	Maoming	ElectricPower	46.54%		Establish
JinghaiPowrGeneration	Jieyang	Jieyang	ElectricPower	65%		Establish
ZhangjiangWindPower	Zhanjiang	Zhanjiang	Electricpower		70%	Establish
TechnologyEngineegingcompany	Dongguan	Dongguan	Electricpower	100%		Establish
HumenPowerGeneration	Dongguan	Dongguan	Electricpower	60%		Establish
Bohecompany	Maoming	Maoming	Electricpower	67%		Establish
XuwenWindPower	Zhanjiang	Zhanjiang	ElectricPower		70%	Establish
HuaduNaturalgas	Guangzhou	Guangzhou	Electricpower	65%		Establish
DapuPowerGeneration	Meizhou	Meizhou	Electricpower	100%		Establish
LeizhouWindPower	Leizhou	Leizhou	Electricpower		94%	Establish
DianbaiWindPower	Maoming	Maoming	Electricpower		100%	Establish
Zhanjiangcompany	Zhanjiang	Zhanjiang	ElectricPower		76%	Businesscombinationsinvolvingenterprisesundercommoncontrol
Yuejiacompany	Meizhou	Meizhou	Electricpower	58%		Businesscombinationsinvolvingenterprisesundercommoncontrol
ShaoguanPowerGeneration	Shaoguan	Shaoguan	Electricpower	90%		Businesscombinationsinvolvingenterprisesundercommoncontrol
Zhongyuecompany	Zhanjiang	Zhanjiang	Electricpower	90%		Businesscombinationsinvolvingenterprisesundercommoncontrol
Electricsales	Guangzhou	Guangzhou	Electricpower	100%		Establish
QujieWindPower	Zhanjiang	Zhanjiang	ElectricPower		100%	Establish
YangjiangWindPower	Yangjiang	Yangjiang	Electricpower		89.04%	Establish
Lincangcompany	Lincang	Lincang	Electricpower	100%		Businesscombinationsinvolvingenterprisesnotundercommoncontrol
Guangqiancompany	Shenzhen	Shenzhen	Electricpower	100%		Businesscombinationsinvolvingenterprisesundercommoncontrol
HuizhouNaturalgas	Huizhou	Huizhou	Electricpower	67%		Businesscombinationsinvolvingenterprisesundercommoncontrol
PinghaiPowerGeneration	Huizhou	Huizhou	ElectricPower	45%		Businesscombinationsinvolvingenterprisesunder

commoncontrol

						commoncontrol
ShibeishanWindPower	Jieyang	Jieyang	Electricpower		70%	Businesscombinationsinvolvingenterprisesundercommoncontrol
RedBaycompany	Shanwei	Shanwei	Electricpower	65%		Businesscombinationsinvolvingenterprisesundercommoncontrol
GuangdongWindPower	Guangzhou	Guangzhou	Electricpower	100%		Businesscombinationsinvolvingenterprisesnotundercommoncontrol
TongdaoWindPower	Huaihua	Huaihua	Electricpower		100%	Establish
PingyuanWindPower	Meizhou	Meizhou	ElectricPower		100%	Establish
HepingWindPower	Heyuan	Heyuan	Electricpower		100%	Establish
HuilaiWindPower	Jieyang	Jieyang	Electricpower		89.83%	Businesscombinationsinvolvingenterprisesnotundercommoncontrol
HongruiTechnology	Shaoguan	Shaoguan	Electricpower		90%	Establish
YonganNaturalgas	Zhaoqing	Zhaoqing	Electricpower	90%		Establish
XupuWindPower	Huaihua	Huaihua	ElectricPower		100%	Establish
WuxuanWindPower	Guangzi	Guangxi	Electricpower		100%	Establish
PingdianIntegratedEnergycompany	Huizhou	Huizhou	Electricpower		45%	Establish
ZhuhaiWindPower	Zhuhai	Zhuhai	Electricpower		74.28%	Establish
BinhaiBay	Dongguan	Dongguan	Electricpower	100%		Establish
Dayawancompany	Huizhou	Huizhou	ElectricPower	70%		Establish
Qimingcompany	Shenzhen	Shenzhen	Electricpower	100%		Establish
Huaguoquancompany	Shenzhen	Shenzhen	Electricpower	100%		Businesscombinationsinvolvingenterprisesnotundercommoncontrol
NanxiongNewEnergy	Shaoguan	Shaoguan	Electricpower		100%	Establish
Dananhaicompany	Jieyang	Jieyang	Electricpower	100%		Establish
BaihuaEnergy	Huizhou	Huizhou	ElectricPower	100%		Establish
QingzhouOffshorewindpower	Yangjiang	Yangjiang	Electricpower		100%	Establish
WanhaoweiNewEnergy	Zhanjiang	Zhanjiang	Electricpower		100%	Establish
WanchuangHengweiNewEnergy	Zhanjiang	Zhanjiang	Electricpower		100%	Establish
NanhuaNewEnergy	Zhanjiang	Zhanjiang	Electricpower		51%	Businesscombinationsinvolvingenterprisesnotundercommoncontrol
DatangNewEnergy	Guangzhou	Guangzhou	ElectricPower		51%	Businesscombinationsinvolvingenterprisesnotundercommoncontrol

YuenengWindPower

YuenengWindPower	Zhanjiang	Zhanjiang	Electricpower		51%	Businesscombinationsinvolvingenterprisesnotundercommoncontrol
Tumuermalpowercompany	Xinjiang	Xingjiang	Electricpower	79.48%		Businesscombinationsinvolvingenterprisesnotundercommoncontrol
ShaCcompany	Guangzhou	Guangzhou	Electricpower	51%		Businesscombinationsinvolvingenterprisesundercommoncontrol
GuangheElectricPower	Guangzhou	Guangzhou	Electricpower		51%	Businesscombinationsinvolvingenterprisesundercommoncontrol
Biomasspowergeneration	Zhangjiang	Zhangjiang	ElectricPower		51%	Businesscombinationsinvolvingenterprisesundercommoncontrol
Xinhuipowergeneration	Jiangmen	Jiangmen	Electricpower		45.9%	Businesscombinationsinvolvingenterprisesundercommoncontrol
Huaqingpowergeneration	Jiangmen	Jiangmen	Electricpower		33.15%	Businesscombinationsinvolvingenterprisesundercommoncontrol
Yunhepowergeneration	Yunfu	Yunfu	Electricpower	90%		Businesscombinationsinvolvingenterprisesundercommoncontrol
YundianEnergy	Yunfu	Yunfu	Electricpower		56.25%	Businesscombinationsinvolvingenterprisesundercommoncontrol
Yuehuapowergeneration	Guangzhou	Guangzhou	ElectricPower	51%		Businesscombinationsinvolvingenterprisesundercommoncontrol
YunhuaIntegratedEnergycompany	Guangzhou	Guangzhou	Electricpower		51%	Businesscombinationsinvolvingenterprisesundercommoncontrol
HuangpuElectricPowerEngineering	Guangzhou	Guangzhou	Electricpower		51%	Businesscombinationsinvolvingenterprisesundercommoncontrol
BijieNewEnergy	Bijie	Bijie	Electricpower	100%		Establish
ShangyangEnergy	Zhanjiang	Zhanjiang	Electricpower		100%	Acquisitionofassets
GuidianEnergy	Zhanjiang	Zhanjiang	ElectricPower		100%	Acquisitionofassets
ShunfengNewEnergy	Zhoukou	Zhoukou	Electricpower		100%	Acquisitionofassets
JiandianNewEnergy	Jiaozhou	Jiaozhou	Electricpower		100%	Acquisitionofassets
LianjiangNewEnergy	Zhanjiang	Zhanjiang	Electricpower		100%	Establish
LuodingYuefeng	Luoding	Luoding	Electricpower		100%	Establish
ZhaochengYuefeng	Linfen	Linfen	ElectricPower		100%	Establish
WuhaNewEnergy	Meizhou	Meizhou	Electricpower		100%	Establish
YingyangNewEnergy	Baoding	Baoding	Electricpower		100%	Acquisitionofassets
LinengNew	Baoding	Baoding	Electric		100%	Acquisitionofassets

Energy

Energy			power
LongmenNewEnergy	Huizhou	Huizhou	Electricpower		100%	Establish
InnerNewEnergy	Hohehot	Hohehot	ElectricPower		100%	Establish
ZhuhaiYuefeng	Zhuhai	Zhuhai	Electricpower		100%	Establish
DunanNewEnergy	Langfang	Langfang	Electricpower		80%	Acquisitionofassets
GaotangNewEnergy	Liaocheng	Liaocheng	Electricpower		100%	Acquisitionofassets
XintianNewEnergy	Yongzhou	Yongzhou	Electricpower		100%	Establish
LanshanNewEnergy	Yongzhou	Yongzhou	ElectricPower		100%	Establish
ShaoguanNewEnergy	Shaoguan	Shaoguan	Eectricpower	100%		Establish
HanhaiNewEnergy	Tumusuke	Tumusuke	Electricpower	100%		Establish
JinxiuEnegy	Laibin	Laibin	Electricpower	90%		Establish
SenhongNewEnergy	Nanjing	Nanjing	Electricpower	100%		Acquisitionofassets
MuhongNewEnergy	Jinchang	Jinchang	ElectricPower		100%	Acquisitionofassets
SenhaiNewEnergy	Nanjing	Nanjing	Electricpower	100%		Acquisitionofassets
MujinNewEnergy	Jinchang	Jinchang	Electricpower		100%	Acquisitionofassets
HuiboNewEnergy	Huizhou	Huizhou	Electricpower	100%		Establish
DongrunZhongnengNewEnergy	Taishan	Taishan	Electricpower	100%		Acquisitionofassets
DongrunQingnengNewEnergy	Taishan	Taishan	ElectricPower		100%	Acquisitionofassets
RunzeJieyuanNewEnergy	Taishan	Taishen	Electricpower		100%	Acquisitionofassets
MaomingNaturalgas	Maoming	Maoming	Electricpower	85%		Establish
XingyueNewEnergy	Meizhou	Meizhou	Electricpower	100%		Establish
HuixinThermoElectricity	Huizhou	Huizhou	Electricpower	85%		Establish
ShacheEnergy	Xingjiang	Xinjiang	ElectricPower	100%		Establish
XinguangyaoNewEnergy	Qingdao	Qingdao	Electricpower	99%		Acquisitionofassets
TelianNewEnergy	Qingdao	Qingdao	Electricpower		99%	Acquisitionofassets
LianyaoNewEnergy	Qingdao	Qingdao	Electricpower		99%	Acquisitionofassets
JiuzhouNewEnergy	Zhaoqing	Zhaoqing	Electricpower	100%		Acquisitionofassets
ChangshanWindPower	Xiangtan	Xiangtan	ElectricPower	100%		Acquisitionofassets
LuodingNew	Luoding	Luoding	Electric	100%		Establish

Energy

Energy			power
ZhuhaiNewEnegy	Zhuhai	Zhuhai	Electricpower	100%		Establish
TumusukeChanghae	Tumusuke	Tumusuke	Electricpower	100%		Establish
ZhennengNewEnergy	Yunfu	Yunfu	Electricpower	100%		Establish
ZhonggongEnergy	Gaozhou	Gaozhou	Electricpower	100%		Acquisitionofassets
YanhuaNewEnergy	Gaozhou	Gaozhou	Electricpower		100%	Acquisitionofassets
EnergyXinjiangcompany	Urumqi	Urumqi	Electricpower	100%		Establish

Explanationonshare-holdingratioinsubsidiarydifferentfromratioofvotingright：

(1)On30November2018,MaomingThermalmergedGuangdongEnergyMaomingThermalPowerStationCo.,Ltd.,wholly-ownedbyGEGC.Afterthemerger,GEGCheld30.12%equityofMaomingThermal.AccordingtotheagreementbetweenthecompanyandGEGC,thedelegatedshareholderanddirectorfromGEGCmaintainconsensuswiththoseofthecompanywhileexercisingthevotingrightsduringtheshareholders’meetingandtheBoardofDirectors’meetingatMaomingThermal.Therefore,thecompanyownscontrolpoweroverMaomingThermal.

(2)PinghaiPowerwasacquiredfromGEGCbytheGroupin2012throughofferingnon-publicshares.AccordingtotheagreementbetweenGEGCandGuangdongHuaxiaElectricPowerDevelopmentCo.,Ltd.(“HuaxiaElectric”),whichholds40%equityinPinghaiPower,thedelegatedshareholderanddirectorfromHuaxiaElectricmaintainconsensuswiththoseofGEGCwhenexercisingtheirvotingrightsduringtheshareholders’meetingandBoardofDirectors’meetingatPinghaiPower;besides,afterGEGCtransfersits45%equityinPinghaiPowertothecompany,thedelegatedshareholderanddirectorfromHuaxiaElectricalsoreachconsensuswiththoseofthecompanywhenexercisingtheirvotingrightsduringtheshareholders’meetingandBoardofDirectors’meetingatPinghaiPower.Therefore,thecompanyownsthecontrolpoweroverPinghaiPower.

（2）Significantnotwholly-ownedsubsidiaries

InRMB

Name	Holdingproportionofnon-controllinginterest	Profitorlossattributabletonon-controllinginterest	Dividenddeclaredtonon-controllinginterest	Closingbalanceofnon-controllinginterest
Bohecompany	33%	48,000,395		549,753,559
Zhanjiangcompany	24%	18,062,737		832,717,030
Jinghaicompany	35%	70,494,446		993,894,669
RedBaycompany	35%	59,465,548		897,166,089
HuizhouNaturalgas	33%	79,435,716	61,368,052	715,022,625
PinghaiPowerGeneration	55%	122,274,813		1,231,709,363
ShaCcompany	49%	27,211,304	247,346	1,024,894,050

（3）Mainfinancialinformationofsignificantnotwholly-ownedsubsidiaries

InRMB

Subsidiaries

Subsidiaries	Closingbalance						Beginningbalance
	Currentassets	Non-currentassets	Totalassets	Currentliabilities	Non-currentLiabilities	Totalliabilities	Currentassets	Non-currentassets	Totalassets	Currentliabilities	Non-currentLiabilities	Totalliabilities
Bohecompany	1,373,579,014	7,024,049,242	8,397,628,255	2,138,462,141	4,593,246,238	6,731,708,379	2,349,678,889	6,994,607,638	9,344,286,527	2,427,792,723	2,293,016,300	4,720,809,023
Zhanjiangcompany	2,640,767,571	1,202,427,410	3,843,194,981	348,559,078	24,981,612	373,540,690	2,470,759,774	1,240,611,761	3,711,371,535	295,849,495	27,101,881	322,951,376
Jinghaicompany	1,749,667,154	7,262,824,240	9,012,491,394	4,686,989,482	1,485,802,857	6,172,792,339	1,385,798,584	6,990,898,911	8,376,697,495	4,133,096,606	1,611,955,884	5,745,052,490
RedBaycompany	1,743,917,363	5,073,669,370	6,817,586,733	3,944,150,414	310,104,636	4,254,255,050	1,335,712,024	4,929,899,200	6,265,611,224	3,471,806,657	400,374,451	3,872,181,108
HuizhouNaturalgas	908,994,778	2,606,279,167	3,515,273,945	1,060,464,393	288,074,324	1,348,538,717	517,592,961	2,729,895,338	3,247,488,299	854,386,780	287,238,842	1,141,625,622
PinghaiPowerGeneration	1,673,374,526	2,637,174,247	4,310,548,773	789,013,884	1,282,063,321	2,071,077,205	1,698,935,258	2,801,846,254	4,500,781,512	1,222,698,173	1,448,381,879	2,671,080,052
ShaCcompany	2,788,363,418	3,562,742,222	6,351,105,640	2,111,334,173	2,145,531,632	4,256,865,805	2,223,308,298	3,622,700,798	5,846,009,096	1,883,231,110	1,923,515,331	3,806,746,441

InRMB

Subsidiaries	Amountofcurrentperiod				Amountofpreviousperiod
	Operatingrevenue	Netprofit	Totalcomprehensiveincome	Cashflowfromoperatingactivities	Operatingrevenue	Netprofit	Totalcomprehensiveincome	Cashflowfromoperatingactivities
Bohecompany	1,963,659,434	145,455,744	145,455,744	156,619,783	1,600,129,810	12,189,826	12,189,826	212,145,168
Zhanjiangcompany	1,297,631,051	75,261,404	75,261,404	113,104,710	1,101,789,798	-146,664,504	-146,664,504	16,138,167
Jinghaicompany	3,561,337,800	201,412,703	201,412,703	350,392,934	2,964,790,103	-179,991,581	-179,991,581	-233,268,195
RedBaycompany	2,856,474,956	169,901,566	169,901,566	355,762,388	2,321,105,097	-224,176,150	-224,176,150	-157,836,532
HuizhouNaturalgas	2,277,405,203	240,714,292	240,714,292	377,380,596	1,414,352,530	11,075,874	11,075,874	-81,615,392
PinghaiPowerGeneration	2,613,191,641	222,317,841	222,317,841	756,088,612	2,432,384,327	-94,006,025	-94,006,025	41,046,024
ShaC	2,865,906,9	48,192,445	48,192,445	-	2,368,494,7	-	-423,529,603	-

company

company

08

18,910,069

24

423,529,603

901,521,160

(4)SignificantrestrictionsofusingenterprisegroupassetsandpayoffenterprisegroupdebtNotapplicable

(5)ProvidefinancialsupportorothersupportforstructureentitiesincorporateintothescopeofconsolidatedfinancialstatementsNotapplicable

2.Thetransactionofthecompanywithitsowner’sequitysharechangedbutstillcontrollingthesubsidiary

(1)Notetoowner’sequitysharechangedinsubsidiaryNotapplicable

(2)Thetransaction’sinfluencetoequityofminorityshareholdersandattributabletotheowner'sequityoftheparentcompanyNotapplicable

3.Equityinjointventurearrangementorassociatedenterprise

(1)Significantjointventurearrangementorassociatedenterprise

NameofSubsidiary	MainPlacesofOperation	RegistrationPlace	NatureofBusiness	ShareholdingRatio(%)		Theaccountingtreatmentofinvestmentinassociates
				direct	indirect
IndustryFuel	Guangzhou	Guangzhou	Fueltrade	50%		Equitymethod
ShanxiYudeanEnerty	Taiyuan	Taiyuan	CoalTransportationandportoperationsinvestment	40%		Equitymethod
EnergyFinance	Guangzhou	Guangzhou	Financial	25%	15%	Equitymethod
TaishanPowerGeneration	Taishan	Taishan	PowerGeneration	20%		Equitymethod
EnergyFinancingLeasingcompany	Guangzhou	Guangzhou	FinancingLeasing	25%		Equitymethod

（2）MainfinancialinformationofSignificantjointventure

InRMB

	Amountofcurrentperiod	Amountofpreviousperiod
	IndustryFuel	IndustryFuel
Currentassets	11,630,636,720	9,759,872,215
Including:Balanceofcashandcashequivalents	2,361,332,048	2,757,809,545
Non-currentassets	6,673,276,489	6,787,019,420
Totalofassets	18,303,913,209	16,546,891,635

Currentliabilities

Currentliabilities	12,070,932,926	10,717,387,818
Noncurrentliabilities	4,367,589,030	4,030,111,167
Totalliabilities	16,438,521,956	14,747,498,985
MinorityshareholderEquity	63,367,768	67,010,551
Attributabletoshareholdersoftheparentcompany	1,802,023,485	1,732,382,099
Shareofnetassetscalculatedbystake	901,011,743	866,191,050
Adjustmentitem
--Goodwill
--Internaltransactionsdidnotachieveprofit	-155,792,047	-155,792,047
--Other
Bookvalueofequityinvestmentinjointventure	745,219,696	710,399,003
Thefairvalueoftheequityinvestmentofajointventurewithapublicquotation
Businessincome	17,669,371,060	17,314,930,225
Financialexpenses	118,472,192	87,691,402
Incometax	27,764,948	24,130,311
Netprofit	68,027,911	74,174,449
Netprofitfromterminatedoperation
Othercomprehensiveincome
Totalcomprehensiveincome	68,027,911	74,174,449
Dividendsreceivedfromthejointventurethisyear

(3)Mainfinancialinformationofsignificantassociatedenterprise

InRMB

Closingbalance/Thisperiod

	Closingbalance/Thisperiod				Openingbalance/Lastperiod
	ShanxiEnergy	EnergyFinancingLeasingCompany	EnergyFinance	TaishanPowerGeneration	ShanxiEnergy	EnergyFinancingLeasingCompany	EnergyFinance	TaishanPowerGeneration
Currentassets	2,311,269,590	1,219,460,713	9,026,067,505	4,953,769,065	1,782,312,074	1,012,915,138	8,044,309,162	3,007,543,498
Non-currentassets	8,488,318,113	10,167,277,225	18,132,181,989	8,507,273,511	8,228,428,605	9,190,015,523	18,171,209,855	8,964,593,732
Totalofassets	10,799,587,703	11,386,737,938	27,158,249,494	13,461,042,576	10,010,740,679	10,202,930,661	26,215,519,017	11,972,137,230
Currentliabilities	321,842,838	2,057,631,302	22,927,443,700	3,535,234,214	606,329,317	2,688,451,249	21,896,121,072	2,465,364,570
Non-currentliabilities	2,075,864,787	7,193,970,706	101,679,901		1,697,937,309	5,365,450,397	91,587,142
Totalliabilities	2,397,707,625	9,251,602,008	23,029,123,601	3,535,234,214	2,304,266,626	8,053,901,646	21,987,708,214	2,465,364,570

MinorityshareholderEquity

MinorityshareholderEquity	76,722,010				76,642,198
Attributabletoshareholdersoftheparentcompany	8,325,158,068	2,135,135,930	4,129,125,893	9,925,808,362	7,629,831,855	2,149,029,015	4,227,810,803	9,506,772,660
Shareofnetassetscalculatedbystake	3,330,063,227	533,783,983	1,651,650,357	1,985,161,672	3,051,932,742	537,257,254	1,691,124,321	1,901,354,532
Adjustmentitem
--Goodwill			13,325,000				13,325,000
--Internaltransactionsdidnotachieveprofit
--Other					-32,579,800
Bookvalueofequityinvestmentinjointventure	3,330,063,227	533,783,983	1,664,975,357	1,985,161,672	3,019,352,942	537,257,254	1,704,449,321	1,901,354,532
Thefairvalueoftheequityinvestmentofajointventurewithapublicquotation
Businessincome	118,159,035	167,876,552	354,420,895	6,138,517,716	72,490,741	150,431,274	377,919,901	4,165,296,856
Netprofit	641,106,524	68,392,697	187,240,167	552,443,285	696,793,898	62,917,590	203,699,560	234,815,986

Netprofitfromterminatedoperation

Netprofitfromterminatedoperation
Othercomprehensiveincome			36,290,103				3,422,367
Totalcomprehensiveincome	641,106,524	68,392,697	223,530,270	552,443,285	696,793,898	62,917,590	207,121,927	234,815,986

Dividendsreceivedfromtheassociatedenterprisethisyear

Dividendsreceivedfromtheassociatedenterprisethisyear

20,571,445

128,886,072

26,681,517

18,292,179

123,894,709

(4)Summaryfinancialinformationofinsignificantjointventureorassociatedenterprise

InRMB

Amountofcurrentperiod

	Amountofcurrentperiod	Amountofpreviousperiod
Jointventure:
Thetotalnumberofthefollowing	186,572,063	181,171,920
Shareofnetassetscalculatedbystake
----NetProfit	5,400,143	-613,360
--Totalcomprehensiveincome	5,400,143	-613,360
Associatedenterprise：
Totalinvestmentbookvalue	1,159,904,570	1,144,068,211
Thetotalnumberofthefollowing
--NetProfit	19,300,483	25,804,752
-Totalcomprehensiveincome	19,300,483	25,804,752

(5)NotetothesignificantrestrictionsoftheabilityofjointventureorassociatedenterprisetransferfundstothecompanyNotapplicable

(6)Theexcesslossofjointventureorassociatedenterprise

InRMB

Nameofjointventureorassociatedenterprise	Unrecognizedlossesaccumulatedinpreviousperiods	Unrecognizedlossesinthisperiod(ornetprofitsharedinthisperiod)	Unrecognizedlossesaccumulatedattheendoftheperiod
YunfuPowerGeneration(B)Co.,Ltd.	-2,414,222	-1,543,341	-3,957,563

(7)TheunrecognizedcommitmentrelatedtojointventureinvestmentNotapplicable

(8)Contingentliabilitiesrelatedtojointventureorassociatedenterpriseinvestment

4.SignificantcommonoperationNotapplicable

5.EquityofstructureentitynotincludinginthescopeofconsolidatedfinancialstatementsNotapplicable

6.OtherX.TheriskrelatedfinancialinstrumentsNotapplicable

XI.Thedisclosureofthefairvalue

1.Closingfairvalueofassetsandliabilitiescalculatedbyfairvalue

InRMB

Items

Items	Closingfairvalue
	Fairvaluemeasurementitemsatlevel1	Fairvaluemeasurementitemsatlevel2	Fairvaluemeasurementitemsatlevel3	Total
I.Consistentfairvaluemeasurement	--	--	--	--
（3）Otherequityinstrumentinvestment	1,923,276,288		952,800,000	2,876,076,288
IIInconsistentfairvaluemeasurement	--	--	--	--

2.Recognizedbasisforthemarketpricesustainingandnon-persistentmeasuredbyfairvalueonfirst-orderForfinancialinstrumentsthatarenottradedinactivemarkets,theGroupadoptsvaluationtechniquestodeterminetheirfairvalue.

3.Valuationtechniqueandqualitativeandquantitativeinformationonmajorparametersforthefairvaluemeasuresustainingandnon-persistentonsecond-order

4.Valuationtechniqueandqualitativeandquantitativeinformationonmajorparametersforthefairvaluemeasuresustainingandnon-persistentonthird-orderThefairvalueoffinancialinstrumentstradedinanactivemarketisdeterminedatthequotedmarketprice;andthefairvalueofthosenottradedinanactivemarketisdeterminedbytheGroupusingvaluationtechniques.TheGroupadoptsuchvaluationmodelsascashflowdiscountingmodelandcomparablecompanyinthemarkettoevaluatethefairvalueoftheotherequityinstrumentofLevel3financialassets.TheGroupadoptsaveragepricetobookvalueratio(PB)anddiscountsforlackofmarketability(DLOM)asmajorunobservableinputsforSCG.

5.Continuousthirdlevelfairvaluemeasurementproject,adjustmentinformationbetweentheopeningandclosingbookvalueandsensitivityanalysisofunobservableparameters

6.ThereasonsfortheconversionsandthepoliciesfordeterminingthetimingoftheconversionsforcontinuousfairvaluemeasurementitemswhereconversionsbetweenvariouslevelsoccurredduringthecurrentperiodTheGrouptakestheoccurrencedateoftheeventthatleadstothetransitionbetweendifferentlevelsasthetimetoconfirmthetransitionbetweendifferentlevels.Thisyear,thereisnotransitionamongthefirstlevel,thesecondlevelandthethirdlevel.

7.ChangesinvaluationtechnologyduringthecurrentperiodandthereasonsforthechangesNotapplicable

8.Sensitivenessanalysisonunobservableparametersandadjustmentinformationbetweenopeningandclosingbookvalueofconsistentfairvaluemeasurementitemsatlevel3TheGroup'sfinancialassetsandliabilitiesmeasuredinamortizedcostmainlyinclude:accountsreceivable,otherreceivables,long-termreceivables,short-termloans,fundpayable,long-termloans,bondspayableandlong-termpayables.ThereisnosignificantdifferencebetweenthebookvalueandfairvalueoftheGroup'sfinancialassetsandfinancialliabilitiesthatarenotmeasuredatfairvalue.

9.OtherXII.Relatedpartiesandrelated-partytransactions

1.Parentcompanyinformationoftheenterprise

Parentcompany

name

Parentcompanyname	Registrationplace	Nature	Registeredcapital	Shareratioofparentcompanyagainstthecompany(%)	Voterightratioofparentcompanyagainstthecompany(%)
GuangdongEnergyGroup	Guangzhou	Operationandmanagementofpowergenerationenterprises,capitalmanagementofelectricityassets,constructionofpowerplantandsalesofelectricity	23billion	67.39%	67.39%

ExplanationonparentcompanyoftheenterpriseOnAugust8,2001,GuangdongProvincialGovernmenthadtakentheleadintheimplementationofthereformofelectricpowersystem.GuangdongElectricpowerGroupwasestablishedbyinheritingtheelectricitygenerationbusinessofGuangdongelectricPowerGroupcompanyanditsregisteredcapitalisRMB23billion,with76%stakeheldbyGuangdongProvincialPeople'sGovernmentand24%stakeheldbyChinaHuaNengGroup,owningmorethan15,300staffnow,andthecompanyisthestrongestOnFebruary18,2019,Withtheapprovalofthestate-ownedassetssupervisionandadministrationcommissionoftheGuangdongprovincialpeople'sgovernmentandtheapprovaloftheGuangdongprovincialmarketsupervisionadministration,theformerGuangdongEnergygroupCo.,Ltd.wasrenamedasGuangdongEnergyGroupCo.,LtdUltimatecontrollerofthecompanyisGuangdongProvincialPeople’sGovernmentstateownedassetssupervisionandAdministrationCommission.

2.SubsidiaryoftheEnterpriseSeetoNotesIX.1.

3.CooperativeenterpriseandjointventureSeeNotesIX.3.OthercooperativeenterpriseandjointventurethathaverelatedtransactionwiththecompanyinthePeriodoroccurredinpreviousperiod：

Name

Name	Relationship
YudeanFuelcompany	Jointventure
YudeanShippingcompany	Associate
EnergyGroupFinancecompany	Associate
YudeanInsuranceCaptivecompany	Associate
GuangdongEnergyFinancingLeasingCo.,Ltd.	Associate
YunfuPowerGeneration(Bplant)Co.,Ltd.	Associate

4.Otherrelatedparty

Otherrelatedparty	RelationshipwiththeEnterprise
GuangdongEnergyGroupNaturalGasCo.,Ltd.	ControlledbyEnergyGroup
YudeanEnvironmentalprotectionCo.,Ltd.	ControlledbyEnergyGroup
ZhuhaiSpecialEconomicZoneGuangzhuPowerGenerationCo.,Ltd.	ControlledbyEnergyGroup
GuangdongZhuhaiJinwanPowerGenerationCo.,Ltd.	ControlledbyEnergyGroup
GuangdongYudeanZhongshanThermalPowerPlant	ControlledbyEnergyGroup
GuangdongYuelongPowerGenerationCo.,Ltd.	ControlledbyEnergyGroup
GuangdongYudeanPropertyManagementCo.,Ltd.	ControlledbyEnergyGroup
GuangdongPortofYangjiangHarbourServiceCo.,Ltd.	ControlledbyEnergyGroup
GuangdongYudeanInformationTechnologyCo.,Ltd	ControlledbyEnergyGroup
GuangdongYudeanXinfengjiangPowerGenerationCo.,Ltd.	ControlledbyEnergyGroup
ShaoguanQujiangYudeanNewEnergyCo.,Ltd.	ControlledbyEnergyGroup
GuangdongEnergyGroupZhuhaiPowerGenerationCo.,Ltd.	ControlledbyEnergyGroup
DongguanMingyuanHotalCi.,Ltd.	ControlledbyEnergyGroup
GuangdongYudeanRealEstateInvestmentCo.,Ltd.	ControlledbyEnergyGroup
GuangzhouDevelopmentDistrictYudeanNewEnergyCo.,Ltd	ControlledbyEnergyGroup
GuangdongYudeanHuizhouNewEnergyCo.,Ltd.	ControlledbyEnergyGroup
InnerMongoliaYudeanMenghuaNewEnergyCo.,Ltd.	ControlledbyEnergyGroup

5.Relatedtransactions.

（1）RelatedtransactionsonpurchasinggoodsandreceivingservicesAcquisitionofgoodsandreceptionoflaborservice

InRMB

Relatedparty	Content	Currentamount	Approvaltradinglimit	Whetheroverthetradinglimit(Y/N)	Lastamount
Fuelcompany	Fuelpurchase	14,710,520,034		No	12,665,241,377
EnergyGroupNaturalgas	Fuelpurchase	3,207,315,777		No	2,160,279,170
YudeanEnvironment	Materialpurchase	113,867,728		No	116,123,991

Protection

Protection
ZhuhaiSpecialEconomicZoneGuangzhuPowerGenerationCo.,Ltd.	Electricpurchase	143,960,700		No	89,988,153
GuangdongZhuhaiJinwanPowerGenerationCo.,Ltd.	Electricpurchase	136,789,161		No	52,914,799
ZhongshanThermalpowerplant	Electricpurchase	65,382,590		No	5,024,466
YunfuPowerGeneration(Bplant)Co.,Ltd.	Electricpurchase	28,688,660		No	27,985,690
GuangdongYuelongPowerGenerationCo.,Ltd.	Electricpurchase	25,673,150		No	16,297,566
GuangdongEnergyGroupShajiaoCPowerPlant	Receiptofoperationalservices	264,029,202		No	262,930,900
Fuelcompany	Managementservices	51,237,017		No	39,877,250
YudeanPropertyManagement	Managementservices	14,876,679		No	12,058,164
YudeanShipping	Acceptanceoftugboatservices	12,461,321		No	12,430,189
YangjiangPort	Acceptanceoftugboatservices	6,277,274		No	3,774,201
YudeanEnvironmentProtection	Acceptanceofmanagementservices	4,850,515		No	0
YudeanInformation	Acceptanceofmanagementservices	2,498,756		No	2,648,984
GuangdongYudeanXinfengjiangPowerGenerationCo.,Ltd.	Acceptanceengineeringservice	119,266		No	0
GuangdongEnergyGroupScienceandTechnologyResearchInstituteCo.,Ltd	AcceptanceofR&DServices	0		No	339,623

Salesofgoodsandservices

InRMB

Relatedparties	Content	Occurredcurrentterm	Occurredinpreviousterm
YudeanEnvironmentProtection	SaleofMaterial	100,120,771	104,738,860
YunfuPowerPlant(BPlant)Co.,Ltd	Providingservices	16,842,027	3,134,578
ShajiaoCplant	Providingmaintenanceservices	7,862,832	23,637,465
ZhongshanThermalpowerplant	Providingmaintenanceservices	3,879,975	6,953,621
ShaoguanQujiangYudeanNewEnergyCo.,Ltd.	Providingmaintenanceservices	1,340,452	1,514,255

GuangdongYuelongPowerGenerationCo.,Ltd.

GuangdongYuelongPowerGenerationCo.,Ltd.	Providingmaintenanceservices	336,283	0
GuangdongEnergyZhuhaiPowerGenerationCo.,Ltd.	Providingmaintenanceservices	292,035	2,284,679
YudeanShipping	Managementservices	268,113	0
Fuelcompany	Managementservices	73,341	0
GuangzhouDevelopmentZoneYudeanNewEnergyCo.,Ltd.	Providingmaintenanceservices	0	97,262
YudeanHuizhouNewEnergyCo.,Ltd.	Providingmaintenanceservices	0	34,821

（2）RelatedtrusteeshiporcontractingRelatedtrusteeshiporcontractinginwhichthecompanyistheundertake

InRMB

Nameoftheemployer	Nameoftheundertaker	Assetsituationoftheundertaker	Startdate	Terminatingdate	Pricingbasis	Gainsfromthedealinreportperiod
GuangdongEnergyGroupCo.,Ltd.	GuangdongElectricPowerDevelopmentCo.,Ltd.	Shareholders'rightsexceptownership,incomerightanddispositionright	January1,2018		Thecustodyfeechargedtoeachfirst-classtargetcompanydirectlycontrolledbyGuangdongEnergyGroupis100,000yuan/year,andthecustodyfeechargedtoeachsecond-classtargetcompanyindirectlycontrolledbyGuangdongYudeanGroupis50,000yuan/year.Ifthecustodyperiodislessthanonecompletefiscalyear,thecalculationformulaofthecustodyfeeofeachtargetcompanyiscalculatedaccordingtothecustodydays.Duringthecurrentperiod,thereare16first-levelsubjectcompaniesthathavebeenincustodyforhalfayear,4second-levelsubjectcompaniesthathavebeenincustodyforhalfayear,Theannualcustodyfeeofthefirst-levelsubjectcompaniesis1.6millionyuan,800,000yuan,thesecond-levelsubjectcompaniesis200,000yuan,and100,000yuan,totaling900,000yuan.	900,000

NoteAccordingtotheinstructionsofGuangdongEnergyGrouponundertakingtoperformrelatedmatters,inordertoavoidhorizontalcompetitionandfulfillthecommitmentsofrelatedhorizontalcompetition,thecompanyandGuangdongEnergyGrouphavesignedtheEquityTrustAgreement,whichentruststherightsofshareholdersofthecompanywithinthetrustscopeofGuangdongEnergyGrouptothecompanyexceptfortherightsofownership,incomeanddisposition.ChargeRMB100,000/yearcustodyfeesforeachGuangdongEnergyGroup'sdirectholdingprimarytargetcompany;chargeeachindirectlycontrollingsecondarytargetcompany50,000/year

custodyfee.Fordetails,pleaserefertothe"AnnouncementonRelatedPartyTransactionoftheSigningofthe“EquityCustodyAgreement”byGuangdongElectricPowerDevelopmentCo.,LtdwithGuangdongYudeanGroupCo.,Ltd"(AnnouncementNo.:2018-04)disclosedinChinaSecuritiesJournal,SecuritiesTimes,andCninfo.comonJanuary13,2018.

(3)InformationofrelatedleaseThecompanyaslessor:

InRMB

Nameoflessee

Nameoflessee	Categoryofleasedassets	Theleaseincomeconfirmedinthisyear	Theleaseincomeconfirmedinlastyear
DongguanMingyuanHotelCo.,Ltd.	PropertyLeas	1,935,106	1,935,106
Propertycompany	PropertyLeas	283,746	326,832
GuangdongYudeanShipping	propertyLeas	26,422
YudeanEnvironmentProtection	propertyLeas	161,905

-Thecompanywaslessee：

InRMB

Lessor

Lessor	Categoryofleasedassets	Rentalchargesforshort-termandlow-valueassets(ifany)		Variableleasepaymentsnotincludedinleaseliabilitiesmeasurement(ifany)		Rentpaid		Interestexpensesonleaseliabilitiesassumed		Increaseduserightassets
		Amountofcurrentperiod	Amountofpreviousperiod	Amountofcurrentperiod	Amountofpreviousperiod	Amountofcurrentperiod	Amountofpreviousperiod	Amountofcurrentperiod	Amountofpreviousperiod	Amountofcurrentperiod	Amountofpreviousperiod
YudeanFinancelease	Financingleasing					584,702,146	117,062,870	123,958,270	108,205,269	813,122,398	45,680,915
YudeanRealEstate	Leasingservice	2,013,446				7,677,504	6,859,267	133,139	277,385	0	29,940

（4）StatusofrelatedpartyguaranteeAsaguarantorforthecompany

InRMB

Guarantor

Guarantor	Guaranteeamount	Startdate	Enddate	Executionaccomplished
GuangdongEnergyGroupCo.,Ltd.	1,947,360,000	December3,2019	September15,2043	No

AsasecuredpartyforthecompanyNotapplicable

(5)Inter-banklendingofcapitalofrelatedparties：

InRMB

Relatedparty	Amountborrowedandloaned	Initialdate	Duedate	Notes
Borrowed
GuangdongEnergyGroupFinanceCo.,Ltd.	288,764,000	June29,2017	June28,2032
GuangdongEnergyGroupFinanceCo.,Ltd.	30,981,025.94	January13,2023	July20,2042
GuangdongEnergyGroupFinanceCo.,Ltd.	13,518,033.58	March6,2023	July20,2042
GuangdongEnergyGroupFinanceCo.,Ltd.	38,997,311.06	June20,2023	July20,2042
GuangdongEnergyGroupFinanceCo.,Ltd.	66,369,544.97	June27,2023	June26,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	September27,2022	September26,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	331,834,304.24	May27,2015	May26,2030
GuangdongEnergyGroupFinanceCo.,Ltd.	750,000,000	July25,2022	May10,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	16,768,478	October26,2022	October25,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	7,135,978	November23,2022	October25,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	14,435,271.57	December20,2022	October25,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	16,431,311.77	March9,2023	October25,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	17,721,357.45	October26,2022	October25,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	8,048,912.76	November23,2022	October25,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	13,356,720.86	December20,2022	October25,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	32,000,000	October14,2022	October13,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	December16,2022	December15,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	8,000,000	January10,2023	January9,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	January10,2023	January9,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	80,000,000	October17,2022	October16,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	70,000,000	October21,2022	October20,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	120,000,000	November8,2022	November7,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	30,000,000	November4,2022	November3,2023

GuangdongEnergyGroupFinanceCo.,Ltd.

GuangdongEnergyGroupFinanceCo.,Ltd.	100,000,000	November9,2022	November8,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	130,000,000	November4,2022	November3,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	455,700,000	February4,2015	October27,2029
GuangdongEnergyGroupFinanceCo.,Ltd.	2,560,000	May18,2023	May17,2043
GuangdongEnergyGroupFinanceCo.,Ltd.	18,068,825.94	November3,2022	November2,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	3,898,000	November16,2022	November2,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	14,877,819.90	November22,2022	November2,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	37,852,589.54	November29,2022	November2,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	5,121,281	February2,2023	December27,2042
GuangdongEnergyGroupFinanceCo.,Ltd.	43,000,000	February14,2023	December27,2042
GuangdongEnergyGroupFinanceCo.,Ltd.	3,513,675	February28,2023	December27,2042
GuangdongEnergyGroupFinanceCo.,Ltd.	7,147,641.59	April24,2023	December27,2042
GuangdongEnergyGroupFinanceCo.,Ltd.	25,000,000	June16,2023	December27,2042
GuangdongEnergyGroupFinanceCo.,Ltd.	60,000,000	October11,2022	October10,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	October19,2022	October18,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	15,000,000	November8,2022	November7,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	40,000,000	November10,2022	November9,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	15,000,000	November17,2022	November16,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	November22,2022	November21,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	30,000,000	November24,2022	November23,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	140,000,000	November29,2022	November28,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	100,000,000	December19,2022	December18,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	100,000,000	January12,2023	January11,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	300,000,000	February6,2023	February5,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	May16,2023	May15,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	20,237,517.69	May23,2023	May22,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	150,000,000	May23,2023	May22,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	150,000,000	June1,2023	May31,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	170,000,000	June2,2023	June1,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	100,000,000	January15,2021	January14,2041
GuangdongEnergyGroupFinanceCo.,Ltd.	100,000,000	January15,2021	January14,2041
GuangdongEnergyGroupFinanceCo.,Ltd.	55,000,000	November16,2022	November15,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	December20,2022	December19,2023

GuangdongEnergyGroupFinanceCo.,Ltd.

GuangdongEnergyGroupFinanceCo.,Ltd.	28,156,152.28	January18,2023	January17,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	12,998,824.46	January18,2023	January17,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	56,511,631.76	March13,2023	March12,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	4,895,370.75	January19,2023	January18,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	47,430,000	June12,2023	June11,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	45,000,000	June12,2023	June11,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	9,000,000	January19,2023	January18,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	January29,2023	January28,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	February8,2023	February7,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	124,587,118.15	February13,2023	February12,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	9,000,000	February20,2023	February19,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	101,781,046.90	February23,2023	February22,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	45,103,024.05	March8,2023	March7,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	97,762,688.07	March10,2023	March9,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	9,000,000	March16,2023	March15,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	37,512,151.28	March22,2023	March21,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	100,759,349.79	March27,2023	March26,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	9,000,000	April10,2023	April9,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	226,357,110.22	April12,2023	April11,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	9,000,000	April25,2023	April24,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	47,216,782.70	May5,2023	May4,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	138,797,167.39	May11,2023	May10,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	32,197,579.86	May17,2023	May16,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	125,723,226.17	May25,2023	May24,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	54,772,935.17	June14,2023	June13,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	70,000,000	October17,2022	October16,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	140,000,000	November14,2022	November13,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	120,000,000	December19,2022	December18,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	100,000,000	February2,2023	February1,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	100,000,000	March22,2023	March21,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	160,000,000	May25,2023	May24,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	15,000,000	July16,2022	December5,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	110,000,000	August25,2022	December5,2024

GuangdongEnergyGroupFinanceCo.,Ltd.

GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	July26,2022	July25,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	15,000,000	August1,2022	July31,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	August15,2022	August14,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	August29,2022	August28.2023
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	September5,2022	September4,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	15,000,000	September9,2022	September8,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	September19,2022	September18,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	December14,2022	December13,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	December20,2022	December19,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	February21,2023	February20,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	March15,2023	March14,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	March21,2023	March20,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	8,000,000	April24,2023	April23,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	June15,2023	June14,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	June16,2023	June15,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	June19,2023	June18,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	June20,2023	June19,2024	J
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	June25,2023	June24,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	June26,2023	June25,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	October19,2022	October18,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	100,000,000	December8,2022	December7,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	100,000,000	December12,2022	December11,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	December20,2022	December19,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	May24,2023	May23,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	June29,2023	June30,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	October16,2014	October13,2029
GuangdongEnergyGroupFinanceCo.,Ltd.	140,000,000	April27,2023	April26,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	22,000,000	November9,2022	November8,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	15,000,000	November23,2022	November22,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	December7,2022	December6,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	19,000,000	December21,2022	December20,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	8,000,000	January6,2023	January5,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	27,000,000	March31,2023	March30,2024

GuangdongEnergyGroupFinanceCo.,Ltd.

GuangdongEnergyGroupFinanceCo.,Ltd.	14,206,743.25	June7,2023	June6,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	January17,2023	January16,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	June27,2023	June26,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	159,485,665	May17,2016	May16,2031
GuangdongEnergyGroupFinanceCo.,Ltd.	222,496,604	April7,2020	April7,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	28,000,000	May19,2023	May18,2038
GuangdongEnergyGroupFinanceCo.,Ltd.	300,000	June25,2023	June24,2038
GuangdongEnergyGroupFinanceCo.,Ltd.	4,500,000	June7,2023	June7,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	4,500,000	June14,2023	June14,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	24,259,965.03	June19,2023	June19,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	November30,2016	November28,2031
GuangdongEnergyGroupFinanceCo.,Ltd.	3,000,000	December27,2019	December26,2034
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	June24,2020	December26,2034
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	October9,2020	December26,2034
GuangdongEnergyGroupFinanceCo.,Ltd.	13,000,000	November17,2020	December26,2034
GuangdongEnergyGroupFinanceCo.,Ltd.	24,000,000	December11,2020	December26,2034
GuangdongEnergyGroupFinanceCo.,Ltd.	4,500,000	February5,2021	December26,2034
GuangdongEnergyGroupFinanceCo.,Ltd.	3,528,114.28	June24,2022	December26,2034
GuangdongEnergyGroupFinanceCo.,Ltd.	1,910,525	September22,2022	December26,2034
GuangdongEnergyGroupFinanceCo.,Ltd.	26,000,000	July23,2018	July22,2033
GuangdongEnergyGroupFinanceCo.,Ltd.	7,500,000	April27,2021	July22,2033
GuangdongEnergyGroupFinanceCo.,Ltd.	7,500,000	October28,2021	July22,2033
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	January7,2022	July22,2033
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	April7,2022	July22,2033
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	November28,2022	November27,2023
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	March14,2023	March13,2024
GuangdongEnergyGroupFinanceCo.,Ltd.	13,200,000	May21,2020	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	3,000,000	June12,2020	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	1,500,000	June30,2020	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	8,000,000	July28,2020	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	12,000,000	September21,2020	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	8,000,000	November23,2020	May18,2035

GuangdongEnergyGroupFinanceCo.,Ltd.

GuangdongEnergyGroupFinanceCo.,Ltd.	8,500,000	February3,2021	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	May13,2021	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	November11,2021	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	December16,2021	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	17,000,000	December23,2021	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	January4,2022	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	3,300,000	January17,2022	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	15,000,000	May19,2022	May18,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	November4,2020	November2,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	9,000,000	November19,2020	November2,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	3,000,000	January22,2021	November2,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	26,000,000	June26,2021	November2,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	October20,2021	November2,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	December10,2021	November2,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	15,000,000	December27,2021	November2,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	15,000,000	January19,2022	November2,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	May30,2022	November2,2035
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	June30,2023	June30,2043
GuangdongEnergyGroupFinanceCo.,Ltd.	30,000,000	March30,2021	March28,2036
GuangdongEnergyGroupFinanceCo.,Ltd.	18,597,140	December17,2021	March28,2036
GuangdongEnergyGroupFinanceCo.,Ltd.	21,800,000	December31,2016	August15,2031
GuangdongEnergyGroupFinanceCo.,Ltd.	34,050,000	December31,2016	August15,2031
GuangdongEnergyGroupFinanceCo.,Ltd.	37,529,220.87	December28,2018	December27,2036
GuangdongEnergyGroupFinanceCo.,Ltd.	299,355,000	May29,2020	May28,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	390,000	December3,2021	December29,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	632,991.90	June26,2019	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	570,000	July15,2019	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	297,042.21	August26,2019	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	1,297,700	September12,2019	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	180,000	September29,	2June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	210,000	October29,2019	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	3,000,000	November21,2019	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	2,000,000	December5,2019	June25,2039

GuangdongEnergyGroupFinanceCo.,Ltd.

GuangdongEnergyGroupFinanceCo.,Ltd.	1,100,000	December18,2019	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	1,800,000	January14,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	1,500,000	February25,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	47,400,000	April16,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	54,000,000	April29,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	8,500,000	May18,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	6,700,000	June17,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	11,200,000	July9,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	19,500,000	August10,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	7,700,000	August20,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	36,000,000	September10,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	5,700,000	September15,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	11,600,000	October14,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	7,100,000	November19,2020	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	March16,2021	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	10,000,000	April6,2021	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	8,121,853.80	April22,2021	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	5,000,000	May20,2021	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	August12,2021	June25,2039
GuangdongEnergyGroupFinanceCo.,Ltd.	32,158,951.93	February26,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	20,000,000	April9,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	43,481,594.40	May14,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	43,850,008.20	May27,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	15,400,000	June17,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	48,350,000	July16,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	83,613,861.21	August20,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	21,281,009.76	August27,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	12,188,757.10	September16,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	30,000,000	October16,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	16,530,202.23	November19,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	6,290,000	December10,2020	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	11,000,000	January21,2021	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	13,084,525.72	March11,2021	January2,2040

GuangdongEnergyGroupFinanceCo.,Ltd.

GuangdongEnergyGroupFinanceCo.,Ltd.	86,135,247.60	April14,2021	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	31,500,000	May18,2021	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	60,000,000	December16,2021	January2,2040
GuangdongEnergyGroupFinanceCo.,Ltd.	50,000,000	December26,2022	January2,2040
Loaned

(6)RelatedpartyassettransferanddebtrestructuringNotapplicable

(7)Rewardsforthekeymanagementpersonnel

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod
Annualsalaryoftheoperator	1,775,646	2,302,688

（8）Otherrelatedtransactions(a)AllocationofcommonexpensesInthefirsthalfof2023,thecommonexpensesreceivedbytheGroupfromShajiaoCwasRMB2,897,618(Inthefirsthalfof2022,thecommonexpensesreceivedbytheGroupfromShajiaoCwasRMB2,476,840)(b)Interestincome

Items	Amountofcurrentperiod	Amountofpreviousperiod
DepositinterestofEnergyGroupFinance	40,916,640	55,824,047
Proportion%	76.32%	85.18%

(c)Interestexpense

Items	Amountofcurrentperiod	Amountofpreviousperiod
InterestofborrowingofGuangdongEnergyFinancecompany	128,348,234	151,009,743
DiscountinterestofGuangdongEnergyFinancecompany	1,042,500	7,765,365
Proportion	10.85%	13.92%

（d）Interestpayable

Items	Amountofcurrentperiod	Amountofpreviousperiod
EnertyFinanceLeaseinterest	123,958,270	108,205,269

(e)JointInvestment

Name

Name	EnergyGroup
MaomingThermalpowerplant	30.12%
Bohecompany	33%
ShaCcompany	49%
GuangheElectricPower	49%
BiomassPowerGeneration	49%
XinhuiPowerGeneration	44.10%
HuaqingPowerGeneration	31.85%
EnergyGroupFinancecompany	60%
IndustryFuel	50%
ShanxiEnergycompany	60%
Capitalcompany	51%
EnergyFinancingLeasing	50%
YudeanShipping	65%
YueqianElectricpower	17.50%
YangjiangWindPower	10.96%
ZhuhaiWindPower	5.72%

6.Payablesandreceivablesoftherelatedparty

（1）Receivables

InRMB

Project	Relatedparties	Atendofterm		Atbeginningofterm
		Bookbalance	Baddebtprovision	Bookbalance	Baddebtprovision
Monetaryfunds-Bankdeposit	EnergyGroupFinancecompany	9,278,909,559		8,728,625,253
Monetaryfunds-OtherMonetaryfunds	EnergyGroupFinancecompany	12,000,000		12,000,000
Monetaryfunds-Interestreceivable	EnergyGroupFinancecompany	31,424,584		36,396,774
Accountreceivable	GuangdongEnergyGroup	0		18,753,148
	ZhuhaiPowerGeneration	1,832,632		5,115,602
	YudeanNewEnergy	0		4,192,479
	Other	13,872,582		11,485,458
Contractassets	ZhuhaiPowerGeneration	1,959,756		2,029,830
	Other	177,686		74,139
Otheraccountreceivable	EnergyFinancingLeasing	167,213,809		240,453,119
	YudeanEnvironmentalprotection	114,097,732		131,141,189
	Fuelcompany	1,884,082		1,700,776
	Other	19,251,460		16,292,201
Advancepayment	Fuelcompany	929,077,181		1,107,710,903
	Other	377,601		1,905,036

Othernon-currentassets

Othernon-currentassets

Technologycompany

0

250,000

（2）Payables

InRMB

Name	Relatedparty	Amountatyearend	Amountatyearbeginning
Notepayable	EnergyGroupFinancecompany	224,189,460	597,272,076
	NaturalGascompany	52,182,748	0
Accountpayable	Fuelcompany	4,529,649,033	4,566,760,528
	EnergyGroup	291,255,561	262,414,344
	EnergyNaturalGas	194,150,645	180,748,337
	YudeanEnvironmentalProtection	50,240,014	40,995,467
	EnvironmentalProtectionMaterial	22,425,760	21,639,938
	Other	3,262,920	4,661,297
Otherpayable	MenghuaNewEnergy	10,502,327	10,240,523
	EnergyGroup	50,000,000	0
	Other	7,401,357	6,601,259
Leaseliabilities	FinancingLeasing	8,455,018,807	6,697,106,654
	YudeanProperty	7,579,813	0
Short-termloans	Financecompany	4,970,316,198	5,729,226,478
	-principal	4,966,404,681	5,723,903,012
	-Interest	3,911,517	5,323,466
Non-currentliabilityduein1year	EnergyGroupFinancecompany	173,137,293	227,192,134
	-principal	92,184,578	222,079,444
	-Interest	80,952,715	5,112,690
	Group	143,750	527,083
	-principal	0	0
	-Interest	143,750	527,083
	EnergyFinancingLeasing	23,117,519	769,850,008
Long-termloans	Financecompany-Principal	4,918,186,226	3,962,102,717
	Group-Principal	500,000,000	500,000,000

7.RelatedpartycommitmentNotapplicable

8.OtherXIII.Stockpayment

1.TheStockpaymentoverallsituation

□Applicable√Notapplicable

2.TheStockpaymentsettledbyequity

□Applicable√Notapplicable

3.TheStockpaymentsettledbycash

□Applicable√Notapplicable

4.ModificationandterminationofthestockpaymentNotapplicable

5.OtherXIV.Commitments

1.ImportancecommitmenteventsImportantcommitmentsofexistenceofbalancesheetdate(a)InSeptember2022,GuangdongWindPower,asubsidiaryoftheGroup,signedtheframeworkagreementwithShandongFengxufortheacquisitionofits100%equityinGaotangFengxuNewEnergyCo.,Ltd.Asat30June2023,GuangdongWindPowerpaidadepositofRMB41,226,000toShandongFengxu,buttheconsiderationfortheequitytransactionhasnotyetbeendetermined.(b)InAugust2022,GuangdongWindPower,asubsidiaryoftheGroup,signedtheframeworkagreementwithHengyangNewEnergyfortheacquisitionofitsnolessthan65%equityinWuxiangLvhengPhotovoltaicPowerGenerationCo.,Ltd.Asat30June2023,GuangdongWindPowerpaidadepositofRMB52,200,000toHengyangNewEnergy,buttheconsiderationfortheequitytransactionhasnotyetbeendetermined.(c)InFebruary2022,GuangdongWindPower,asubsidiaryoftheGroup,signedtheframeworkagreementwithNanchangHangnengNewEnergyCentre(LimitedPartnership)(“NanchangHangneng”)fortheacquisitionofits100%equityinLianjiangHangnengNewEnergyCo.,Ltd.Theconsiderationfortheequitytransactionhasnotyetbeendetermined

(d)InSeptember2022,GuangdongWindPower,asubsidiaryoftheGroup,signedtheframeworkagreementwithQinhuangdaoWohuaHighwayEngineeringCo.,Ltd.(“WohuaEngineering”)andQinhuangdaoAngqianTradingCo.,Ltd.(“AngqianTrading”)fortheacquisitionoftheir100%equity(51%ofequityfromWohuaEngineeringand49%ofequityfromAngqianTrading)inQinglongManchuAutonomousCountyJianhaoPhotovoltaicTechnologyCo.,Ltd.(“JianhaoPV”).Theconsiderationfortheequitytransactionhasnotyetbeendetermined.AsofJune30,2023,ProvincialWindPowerhaspaidatransactiondepositofRMB120,000,000toWohuaEngineeringandAngqianTrading,andtheconsiderationfortheequitytransactionhasnotbeenfinalizedyet.(e)InFebruary2023,thesubsidiaryoftheGroup,ProvincialWindPower,signedaframeworkagreementwithGuangdongTanxinMachineryandEquipmentLeasingCo.,Ltd.toacquireits100%equityofLianjiangJunyangNewEnergyTechnologyCo.,Ltd.AsofJune30,2023,ProvincialWindPowerhadpaidatransactiondepositofRMB61,200,000toGuangdongTanxinMachineryandEquipmentLeasingCo.,Ltd.,andtheconsiderationfortheequitytransactionhasnotbeenfinalizedyet.

(f)InFebruary2023,theProvincialWindPower,asubsidiaryoftheGroup,signedaframeworkagreementwithChinaAviationIndustryRenewableEnergyCorporationtoacquireits100%equityinGuangxiHangnengNewEnergyCo.,Ltd.ByJune30,2023,theProvincialWindPowerhadpaidatransactiondepositofRMB

86.4milliontoChinaAviationIndustryRenewableEnergyCorporation,andtheconsiderationfortheequitytransactionhasnotbeenfinalizedyet.

2.Contingency

（1）SignificantcontingencyatbalancesheetdateNotapplicable

（2）Thecompanyhavenosignificantcontingencytodisclose,alsoshouldbestatedNotapplicable

3.OtherXV.Post-balance-sheetevents

1.SignificanteventshadnotadjustedNotapplicable

2.ProfitdistributionNotapplicable

3.SalesreturnNotapplicable

4.NotesofothersignificanteventsNotapplicableXVI.Othersignificantevents

1.Correctionoftheaccountingerrorsinthepreviousperiod

（1）RetrospectiverestatementNotapplicable

（2）ProspectiveapplicationNotapplicable

2.DebtrestructuringNotapplicable

3.ReplacementofassetsNotapplicable

4.PensionplanNotapplicable

5.DiscontinuingoperationNotapplicable

6.Segmentinformation

(1)RecognitionbasisandaccountingpoliciesofreportablesegmentAstheGroup'soperatingincome,expenses,assetsandliabilitiesaremainlyrelatedtotheproductionandsaleofelectricityandrelatedproducts,themanagementoftheGrouptakestheelectricitybusinessasawhole,andregularlyobtainsandevaluatesitsfinancialstatus,operatingresultsandcashflowandotherrelevantaccountinginformation.Therefore,theGrouphasonlythepowerbusinesssegment,soithasnotpreparedthereportsegmentinformation.FromJanuarytoJune,2023,theincomeoftheGroup'spowerplantsfromChinaSouthernPowerGridCorporationwasRMB28,015,854,478(JanuarytoJune,2022:RMB22,263,672,844),accountingfor98.85%oftheGroup'soperatingincome(JanuarytoJune,2022:98.46%)

(2)ThefinancialinformationofreportablesegmentNotapplicable

(3)Therewasnoreportablesegment,orthetotalamountofassetsandliabilitiesofeachpartofreportablesegment,shalldisclosethereason.AstheGroup'soperatingincome,expenses,assetsandliabilitiesaremainlyrelatedtotheproductionandsaleofelectricityandrelatedproducts,themanagementoftheGrouptakestheelectricitybusinessasawhole,andregularlyobtainsandevaluatesitsfinancialstatus,operatingresultsandcashflowandotherrelevantaccountinginformation.Therefore,theGrouphasonlythepowerbusinesssegment,soithasnotpreparedthereportsegmentinformation.

(4)Othernotes

7.Otherimportanttransactionsandeventshaveanimpactoninvestors’decision-makingNotapplicable

8.Other

XVII.Notessofmainitemsinfinancialreportsofparentcompany

（1）Accountreceivable

1.Classificationaccountreceivables.

InRMB

Category

Category	Closingbalance					Openingbalance
	Bookbalance		Baddebtprovision		Bookvalue	Bookbalance		Baddebtprovision		Bookvalue
	Amount	Proportion%	Amount	Proportion%		Amount	Proportion%	Amount	Proportion%
Accrualofbaddebtprovisionbysingle	0
Ofwhich
	0
Accrualofbaddebtprovisionbyportfolio	167,605,261	100%			167,605,261	191,716,383	100%			191,716,383
Ofwhich
Electricitysalesreceivable	167,605,261	100%			167,605,261	191,716,383	100%			191,716,383
Total	167,605,261	100%			167,605,261	191,716,383	100%			191,716,383

Accrualofbaddebtprovisionbyportfolio:0

InRMB

Name

Name	Closingbalance
	Bookbalance	Baddebtprovision	Proportion%
Electricitysalesreceivable	167,605,261
Total	167,605,261

Note：

Asat30June2023,theamountofreceivablesfromsalesofelectricityoftheGroupwasRMB167,605,261,whichwasmainlyfromChinaSouthernPowerGridCo.,Ltd.anditssubsidiaries(collectivelyreferredtoas“ChinaSouthernPowerGrid”).Takingintoconsiderationitsgoodcredit,theGroupbelievesthatthereisnosignificantcreditriskinthereceivablesfromsalesproceedsofelectricity,andthepossibilityofsignificantlossesduetoChinaSouthernPowerGrid'sdefaultisextremelylow.TheGroup'sexpectedcreditlossrateforsalesproceedsofelectricityis0%Relevantinformationoftheprovisionforbaddebtswillbedisclosedwithreferencetothedisclosuremethodofotherreceivablesiftheprovisionforbaddebtsofbillsreceivableisaccruedaccordingtothegeneralmodelofexpectedcreditloss:

□Applicable√NotapplicableDisclosurebyaging

InRMB

Aging	Closingbalance
Within1year（Including1year）	167,605,261
Total	167,605,261

(2)Accountsreceivablewithdraw,reversedorcollectedduringthereportingperiodNotapplicable

(3)Theactualwrite-offaccountsreceivableNotapplicable

（4）Theendingbalanceofotherreceivablesowedbytheimputationofthetopfiveparties

InRMB

Name	Amount	Proportion(%)	Baddebtprovision
GPGC	167,605,261	100%	0
Total	167,605,261	100%

(5)AccountreceivablewhichterminatetherecognitionowningtothetransferofthefinancialassetsNotapplicable

(6)TheamountoftheassetsandliabilitiesformedbythetransferandthecontinuesinvolvementofaccountsreceivableNotapplicable

2.Otheraccountsreceivable

InRMB

Items

Items	Closingbalance	Openingbalance
Dividendreceivable	63,000,000
Otheraccountsreceivable	127,190,441	568,099,765
Total	190,190,441	568,099,765

（1）Interestreceivable

1)CategoryofinterestreceivableNotapplicable

2)SignificantoverdueinterestNotapplicable3）Bad-debtprovision

□Applicable√Notapplicable

（2）Dividendreceivable1）Categoryofdividendreceivable

InRMB

Items	Closingbalance	Openingbalance
SunshineInsuranceGroupCo.,Ltd	63,000,000	0
Total	63,000,000

2)Significantdividendreceivableagedover1yearNotapplicable3）Bad-debtprovision

□Applicable√Notapplicable

（3）Otheraccountsreceivable

1)Otheraccountsreceivableclassifiedbythenatureofaccounts

InRMB

Nature	Closingbookbalance	Openingbookbalance
Entrustloansreceivable	50,000,000	487,000,000
Supplementarymedicalinsurancefundreceivable	44,006,139	44,006,139

Salesofby-productsreceivable

Salesofby-productsreceivable	4,908,364	22,733,484
Alternativemoneyreceivable	3,875,885	4,115,142
Other	24,678,030	10,464,042
Lee：Baddebtreserves	-277,977	-219,042
Total	127,190,441	568,099,765

2）Bad-debtprovision

InRMB

BadDebtReserves	Stage1	Stage2	Stage3	Total
	Expectedcreditlossesoverthenext12months	Expectedcreditlossoverlife(nocreditimpairment)	Expectedcreditlossesfortheentireduration(creditimpairmentoccurred)
BalanceasatJanuary1,2023	219,042			219,042
BalanceasatJanuary1,2023incurrent
Provisioninthecurrentperiod	66,082			66,082
Turnbackinthecurrentperiod	-7,147			-7,147
BalanceasatJune30,2023	277,977			277,977

Lossprovisionchangesincurrentperiod,changeinbookbalancewithsignificantamount

□Applicable√NotapplicableDisclosurebyaging

InRMB

Aging	Closingbalance
Within1year(Including1year）	124,850,449
1-2years	674,602
2-3years	867,420
Over3years	1,075,947
3-4years	755,381
4-5years	229,313
Over5years	91,253
Total	127,468,418

3)Accountsreceivablewithdraw,reversedorcollectedduringthereportingperiodThewithdrawalamountofthebaddebtprovision：

InRMB

Category	Openingbalance	Amountofchangeinthecurrentperiod				Closingbalance
		Accrual	Reversedorcollectedamount	Write-off	Other
Deposit	204,237	66,082	-1,416	0	0	268,903
Other	14,805		-5,731	0	0	9,074
Total	219,042	66,082	-7,147	0	0	277,977

(4)Theactualwrite-offaccountsreceivableNotapplicable

(5)Top5oftheclosingbalanceoftheotheraccountsreceivablecollectedaccordingtothearrearsparty

InRMB

Name

Name	Nature	Closingbalance	Aging	Proportionofthetotalyearendbalanceoftheaccountsreceivable	Closingbalanceofbaddebtprovision
LincangYudeanEnergy	Entrustedloanduewithinoneyear	50,000,000	Within1year	39.23%	0
TaikangEndowmentInsuranceCo.,Ltd.GuangdongBranch	Supplementarymedicalinsurancefundreceivable	44,006,139	Within1year	34.52%	0
HubeiCarbonEmissionRightsTradingCenterCo.,Ltd	Depositcarbonemissiontradingreceivable	14,830,000	Within1year	11.63%	0
YudeanEnvironmentalprotectioncompany	Receivablesfromsaleofby-products	4,908,364	Within1year	3.85%	0
EnertyGroupShajiaoCPowerPlant	Receivablecurrentaccount	1,558,541	Within1year	1.22%	0
Total		115,303,044		90.45%	0

(6)AccountsreceivableinvolvedwithgovernmentsubsidiesNotapplicable

(7)OtheraccountreceivablewhichterminatetherecognitionowningtothetransferofthefinancialassetsNotapplicable

(8)TheamountoftheassetsandliabilitiesformedbythetransferandthecontinuesinvolvementofotheraccountsreceivableNotapplicable

3.Long-termequityinvestment

InRMB

Items	Closingbalance			Openingbalance
	Bookbalance	Provisionforimpairment	Bookvalue	Bookbalance	Provisionforimpairment	Bookvalue
Investmentsinsubsidiaries	35,496,100,511	2,449,328,079	33,046,772,432	35,870,036,063	2,449,328,079	33,420,707,984
Investmentsinassociatesandjointventures	8,790,623,176	96,327,854	8,694,295,322	8,385,416,037	96,327,854	8,289,088,183
Total	44,286,723,687	2,545,655,933	41,741,067,754	44,255,452,100	2,545,655,933	41,709,796,167

（1）Investmentsinsubsidiaries

InRMB

Investees

Investees	Openingbalance	Increase/decreaseinreportingperiod				Closingbalance	Closingbalanceofimpairmentprovision
		Increaseininvestment	Decreaseininvestment	Provisionforimpairment	Other
HuizhouNaturalgas	1,205,199,446	0	0			1,205,199,446	0
Guangqiancompany	1,353,153,223	0	0			1,353,153,223	0
RedBaycompany	2,220,023,386	0	0			2,220,023,386	0
Lincangcompany	281,000,000	0	0			281,000,000	209,989,439
ZhanjiangElectriccompany	2,185,334,400	0	0			2,185,334,400	0
Yuejiacompany	0	0	0			0	455,584,267
ShaoguanPowerGeneration	0	0	0			0	1,509,698,674
Maomingcompany	687,458,978	0	0			687,458,978	0
Jinghaicompany	2,450,395,668	0	0			2,450,395,668	0
Technologycompany	20,000,000	40,000,000	0			60,000,000	0
Humencompany	3,192,416	0	0			3,192,416	86,807,584
Zhongyuecompany	963,000,000	0	0			963,000,000	187,248,115
Bohecompany	3,488,600,000	0	2,079,018,959			1,409,581,041	0
Pinghaicompany	720,311,347	0	0			720,311,347	0
Dapucompany	1,907,100,000	0	0			1,907,100,000	0
HuAducompany	186,550,000	0	0			186,550,000	0
GuangdongWindPower	7,704,556,260	995,000,000	0			8,699,556,260	0
YudeanElectricSale	230,000,000	0	0			230,000,000	0
Yongancompany	360,000,000	0	0			360,000,000	0
Binhaiwancompany	720,000,000	50,000,000	0			770,000,000	0
Huaguoquancompany	49,680,900	0	0			49,680,900	0
Qimingcompany	38,000,000	9,000,000	0			47,000,000	0
Dayawancompany	230,329,500	71,100,000	0			301,429,500	0
Dananhaicompany	171,000,000	0	0			171,000,000	0
Baihuacompany	3,000,000	0	0			3,000,000	0
ShaCcompany	1,559,120,782	0	0			1,559,120,782	0
Yunhecompany	1,066,562,327	58,648,050	0			1,125,210,377	0
Yuhuacompany	541,247,838	117,910,000	0			659,157,838	0

Bijiecompany

Bijiecompany	14,500,000	0	0		14,500,000	0
Tumusukecompany	800,000,000	0	0		800,000,000	0
ShanguanNewEnergy	33,473,000	0	0		33,473,000	0
HanhaiNewEnergy	324,050,000	25,000,000	0		349,050,000	0
JinxiuEnergy	2,621,800	0	0		2,621,800	0
MujinNewEnergy	120,495,920	0	0		120,495,920	0
MuhongNewEnergy	120,495,920	0	0		120,495,920	0
HuiboNewEnergy	15,492,360	43,000,000	0		58,492,360	0
XingyueNewEnergy	9,977,500	0	0		9,977,500	0
MaomingNaturegas	115,345,000	0	0		115,345,000	0
Huixincompany	104,975,000	0	0		104,975,000	0
DongrunZhongnengNewEnergy	45,063,020	0	0		45,063,020	0
ShacheEnergy	1,206,110,470	5,000,000	0		1,211,110,470	0
XinguangyaoNewEnergy	32,923,000	0	0		32,923,000	0
LuodingNewEnergy	1,844,520	0	0		1,844,520	0
JiuzhouNewEnergy	39,000,000	0	0		39,000,000	0
ChangshanWindPower	89,524,003	21,215,997	0		110,740,000	0
TumusukeChanghe	0	3,500,000	0		3,500,000	0
EnergyGroupXingjiangcompany	0	100,000,000	0		100,000,000	0
ZhuhaiNewEnergy	0	2,740,000	0		2,740,000	0
ZhennengNewEnergy	0	10,000,000	0		10,000,000	0
ZhonggongEnergy	0	152,969,360	0		152,969,360	0
Total	33,420,707,984	1,705,083,407	2,079,018,959		33,046,772,432	2,449,328,079

（2）Investmentinjointventuresandassociates

InRMB

Nameofinvestee	Beginningofterm	Increase/decreaseinthisperiod								Endofterm	Balanceoftheprovision
		Increasein	Decreasein	Investment	Other	Other	Announced	Provision	Other

onforimpairment

		investment	investment	incomeunderequitymethod	comprehensiveincome	changesinequity	fordistributingcashdividendorprofit	forimpairment			onforimpairment
I.Jointventure
IndustryFuel	865,576,323			34,820,693						900,397,016
Subtotal	865,576,323			34,820,693						900,397,016
II.Associated
GuohuaTaishancompany	1,901,354,532			110,488,657			26,681,517			1,985,161,672
ShanxiYudeanEnergyCo.,Ltd.	3,019,352,942	54,299,600		256,410,685			0			3,330,063,227
YudeanShippingcompany	277,173,327			-5,385,566			0			271,787,761
YueqianElectricPowerCo.,Ltd.	231,974,486			38,676,742			0			270,651,228
EnergyFinancecompany	1,070,249,573			46,810,040	9,072,526		80,553,795			1,045,578,344
YudeanCaptive	285,703,616			8,341,232			1,602,723			292,442,125
WeixinEnergycompany	86,300,031			-36,390,209			0			49,909,822	96,327,854
EnergyFinancingLeasingcompany	537,257,254			17,098,174			20,571,445			533,783,983
Other	14,146,099			2,235,446			1,861,401			14,520,144
Subtotal	7,423,511,860	54,299,600		438,285,202	9,072,526		131,270,882			7,793,898,306	96,327,854
Total	8,289,088,183	54,299,600		473,105,895	9,072,526		131,270,882			8,694,295,322	96,327,854

（3）Othernote

4.Businessincome,Businesscost

InRMB

Items

Items	Amountofcurrentperiod		Amountofpreviousperiod
	Income	Cost	Income	Cost
Mainbusiness	752,885,457	795,525,718	534,678,382	797,337,480
Otherbusiness	25,124,161	701,401	14,546,415	780,990
Total	778,009,618	796,227,119	549,224,797	798,118,470

Incomerelatedinformation:

InRMB

Contractclassification	Division1	Division2		Total
Commoditytype	778,009,618			778,009,618
Including
Electric	752,885,457			752,885,457
Powergenerationby-produce	13,056,499			13,056,499
Rent	6,911,477			6,911,477
Labour	5,156,185			5,156,185
Area	778,009,618			778,009,618
Including：
Guangdong	778,009,618			778,009,618
Othermarket	778,009,618			778,009,618
Including：
PowerMarket	752,885,457			752,885,457
Othermarket	25,124,161			25,124,161
Contracttype	778,009,618			778,009,618
Including
Sellinggoods	765,941,956			765,941,956
Provideaccesstotheassets	6,911,477			6,911,477
ProvidedLabour	5,156,185			5,156,185
Time	778,009,618			778,009,618
Including
Recognizeatacertaintimepoint	765,941,956			765,941,956
Recognizeinacertainperiodoftime	12,067,662			12,067,662
Term
Including

Selling

Selling

Including

Total

Total

778,009,618

778,009,618

Informationrelatedtoperformanceobligations:

Commoditytype	Usualperformancetimeofperformanceobligation	Importantpaymentterms	Commoditynature
Electricpower	Whenpowerissuppliedtothegridcompany	Cashsettlement/monthlysettlement	Electricpower

Powergenerationby-productcommodity

Powergenerationby-productcommodity

Whenby-productssuchasflyashgeneratedbypowergenerationaretransportedtotheagreeddeliveryplace,

Cashsettlement/monthlysettlement

Powergenerationby-productcommodity

Informationrelatedtothetransactionpriceapportionedtotheresidualperformanceobligation:

Notapplicable

5.Investmentincome

InRMB

Items	Amountofcurrentperiod	Amountofpreviousperiod
Long-termequityinvestmentincomeaccountedbycostmethod	577,186,026	98,293,539
Long-termequityinvestmentincomeaccountedbyequitymethod	473,105,895	450,257,096
Dividendincomefrominvestmentsinotherequityinstrumentsduringtheholdingperiod	117,258,950	90,156,139
Creditor'srightfrominvestmentsinotherequityinstrumentsduringtheholdingperiod	27,373,216	13,770,971
Total	1,194,924,087	652,477,745

6.OtherXVIII.Supplementinformation

1.Particularsaboutcurrentnon-recurringgainsandloss

√Applicable□Notapplicable

InRMB

Items	Amount	Notes
Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade)	-1,988,902	ItwasthenetlosscausedbydisposalofdustremovaldeviceofUnit1inDapuPowerPlant.
Taxrebates,reductionsorexemptionsduetoapprovalbeyondauthorityorthelackofofficialapprovaldocuments	0
GovernmentalSubsidyaccountedascurrentgain/loss,exceptforthosesubsidiesatwithamountorquantityfixedbythenationalgovernmentandcloselyrelatedtothecompany’sbusinessoperation.	14,152,289	Itwasmainlytheeconomicpolicyincentivesforpowersalesandsubsidiesforvariouspowerplantprojects.
Capitaloccupationchargesonnon-financialenterprisesthatarerecordedintocurrentgainsandlosses	0
Gainsduetothattheinvestmentcostsforthecompanytoobtainsubsidiaries,associatesandjointventuresarelowerthantheenjoyablefairvalueoftheidentifiablenetassetsoftheinvesteeswhenmakingtheinvestments	0
Gain/lossonnon-monetaryassetswap	0
Gain/lossonentrustingotherswithinvestmentsorassetmanagement	0
AssetimpairmentprovisionsdueactsofGodsuchasnaturaldisasters	0
Gains/lossesofdebtrestructure	0
Reorganizationexpenses,suchasexpenditureforallocationofemployeesandintegrationfee	0
Gains/lossesexceedingthefairvaluearisingfromtransactionswithobviouslyunfairprices	0

Netgainandlossofthesubsidiaryunderthecommoncontrolandproducedfromenterpriseconsolidationfromthebeginningoftheperiodtotheconsolidationdate

Netgainandlossofthesubsidiaryunderthecommoncontrolandproducedfromenterpriseconsolidationfromthebeginningoftheperiodtotheconsolidationdate	0
Gainandlossarisingfromcontingentmattersirrelevantwiththecompany’snormaloperationbusiness	0
Gainandlossfromchangeofthefairvaluearisingfromtransactionalmonetaryassets,transactionalfinancialliabilitiesasheldaswellastheinvestmentincomearisingfromdisposalofthetransactionalmonetaryassets,transactionalfinancialliabilitiesandfinancialassetsavailableforsaleexcludingtheeffectivehedgingtransactioninconnectionwiththecompany’snormalbusiness	0
Reverseoftheprovisionforimpairmentofaccountsreceivableundergoingimpairmenttestindividually	0
Gain/lossfromexternalentrustedloan	0
Gainandlossarisingfromchangeinthefairvalueoftheinvestmentbasedrealestatemeasureafterwardsbymeansoffairvaluemodel	0
Influenceuponthecurrentgainsandlossesfromtheonce-and–for–alladjustmentoverthecurrentgainsandlossesaccordingtothetaxationandaccountinglawsandregulations	0
Incomefromcustodianchargeobtainedfromentrustedoperation	0
Operatingincomeandexpensesotherthantheaforesaiditems	7,433,052
Othergains/lossesincompliancewiththedefinitionofnon-recurringgain/loss	0
Insurancecompensationandclaimsincome	6,701,756	ItwasmainlytheadvancecompensationforunitsreceivedbyYangjiangWindPowerPlantduetoTyphoonSiamba.
Finesandoverduepaymentfees	-3,664,929	ItwasmainlythefineexpenditureofQujiangWindPower.
Non-currentassetsscrapincome	2,724,564	ItwasmainlythefixedassetscrapincomeofJinghaicompanyandBohecompany.
LossofNon-currentassetsscrapped	-9,754,776	ItwasmainlythefixedassetscraplossofYunhePowerGeneration,ZhanjiangZhongyueandGuangqiancompany.
Less:Amountofinfluenceofincometax	4,792,737
Influencedamountofminorshareholders’equity(	3,282,411
Total	7,527,906	--

Detailsofotherprofitandlossitemsthatmeetthenon-recurringprofitandlossdefinition

□Applicable√NotapplicableNoneForthecompany’snon-recurringgain/lossitemsasdefinedintheExplanatoryAnnouncementNo.1oninformationdisclosureforCompaniesOfferingtheirSecuritiestothePublic-Non-recurringGainsandLossesanditsnon-recurringgain/lossitemsasillustratedintheExplanatoryAnnouncementNo.1oninformationDisclosureforCompaniesofferingtheirsecuritiestothepublic-non-recurringGainsandlosseswhichhavebeendefinedasrecurringgainsandlosses,itisnecessarytoexplainthereason.

√Applicable□Notapplicable

Items	Amountinvolved(RMB)	Reason
Value-addedtaxwillberefundedimmediately	12,915,790	Complywithnationalpoliciesandregulations,andcontinuetooccur

2.Returnonnetassetandearningspershare

Profitofreportperiod

Profitofreportperiod	Weightedaveragereturnonequity(%)	Earningspershare
		Basicearningspershare(yuan/share）	Dilutedearningspershare(yuan/share)
NetprofitattributabletotheCommonstockshareholdersofcompany.	3.86%	0.1631	0.1631
NetprofitattributabletotheCommonstockshareholdersofcompanyafterdeductingofnon-recurringgain/loss.	3.83%	0.1617	0.1617

3.Differencesbetweenaccountingdataunderdomesticandoverseasaccountingstandards

（1）．SimultaneouslypursuanttobothChineseaccountingstandardsandinternationalaccountingstandardsdisclosedinthefinancialreportsofdifferencesinnetincomeandnetassets.

□Applicable□√Notapplicable

（2）.DifferencesofnetprofitandnetassetsdisclosedinfinancialreportspreparedunderoverseasandChineseaccountingstandards.

□Applicable□√Notapplicable

(3).Explanationofthereasonsforthedifferencesinaccountingdataunderdomesticandforeignaccountingstandards.Ifthedatathathasbeenauditedbyanoverseasauditinstitutionisadjustedfordifferences,thenameoftheoverseasinstitutionshouldbeindicated

4.Other