Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2016
Stock code：000539、200539 Stock Abbreviation：Yue Dian Li ,Yue Dian Li B
Bond code：112162.SZ Bond short name：12 Yudean Bond
GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD.
The Semi-annual Report 2016
August 2016
Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2016
I. Important Notice, Table of Contents and Definitions
The Board of Directors , Supervisory Committee ,Directors, Supervisors and Senior Executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All the directors attended the board meeting for reviewing the Semi-annual Report except the follows:
The name of director who did The name of director who was
Positions Reason
not attend the meeting in person authorized
Li Zhuoxian Board Chairman due to business Hong Rongkun
Zhong Weimin Director due to business Hong Rongkun
Gao Shiqiang Director due to business Kong Huitian
Li Mingliang Director due to business Yang Xinli
Zhang Xueqiu Director due to business Liu Tao
Mao Fugen Independent Director due to business Shen Hongtao
The Company Will not distribute cash dividend or bonus shares, neither capitalizing of common reserves for the
report period.
Mr.Li Zhuoxian, The Company leader, Mr. Li Xiaoqing, Chief financial officer and the Mr.Meng Fei, the person
in charge of the accounting department (the person in charge of the accounting )hereby confirm the authenticity
and completeness of the financial report enclosed in this semi-annual report.
This semi-annual report involves the forecasting description such as the future plans, and does not constitute the
actual commitments of the company to the investors. The investors should pay attention to the investment risks.
The Company is mainly engaged in thermal power generation. The business of thermal power generation is
greatly affected by factors including electric power demand and fuel price. Refer to Section I of Chapter IV of this
semi-annual report- General.
Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2016
Table of Contents
2016 Semi- Annual Report
I.Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Data and Financial Indicators
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Situation of the Preferred Shares
VIII.Information about Directors, Supervisors and Senior Executives
IX. Financial Report
X. Documents available for inspection
Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2016
Definition
Refers
Terms to be defined Definition
to
Refers
Yudean Group Guangdong Yudean Group Co., Ltd.
to
Refers
Zhanjiang Company Zhanjiang Electric Power Co., Ltd.
to
Refers
Yuejia Company Guangdong Yuejia Electric Power Co., Ltd.
to
Refers
Yuejiang Company Guangdong Shaoguan Yuejiang Power Generation Co., Ltd.
to
Refers
Zhenneng Company Maoming Zhenneng Thermal Power Co., Ltd.
to
Refers
Jinghai Company Guangdong Yudean Jinghai Power Co., Ltd.
to
Refers
Zhanjiang Wind Power Company Guangdong Yudean Zhanjiang Wind Power Co., Ltd.
to
Refers
Zhongyue Compamy Zhanjiang Zhongyue Energy Co., Ltd.
to
Refers
Bohe Company Guangdong Yudean Bohe Coal & Electricity Co., Ltd
to
Refers
Guangqian Company Shenzhen Guangqian Electric Power Co., Ltd.
to
Refers
Huihou Natural Gas Company Guangdong Huizhou Natural Gas Power Co., Ltd.
to
Refers
Shibeishan Wind Power Company Guangdong Shibeishan Wind Power Development Co., ltd.
to
Refers
Red Bay Company Guangdong Red Bay Power Co., Ltd.
to
Refers
Pinghai Power Plant Guangdong Hluizhou Pinghai Power Co., Ltd.
to
Refers
Humen Power Company Guangdong Yudean Humen Power Co., Ltd.
to
Anxin Electric Inspection & Installation Refers
Guangdong Yudean Anxin Electric Inspection & Installation Co., Ltd
Company to
Refers
Guohua Taishan Guangdong Guohua Yudean Taishan Power Generation Co., Ltd.
to
Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2016
Refers
Yudean Industry Fuel Company Guangdong Power Industry Fuel Co., Ltd.
to
Refers
Huadu Natural Gas Company Guangdong Huadu Natural GasT Thermal Power Co., Ltd.
to
Refers
Dapu Company Guangdong Dapu Power Generation Co., Ltd.
to
Refers
Wind Power Company Guangdong Wind Power Co., Ltd.
to
Refers
Lincang Company Lincang Yuntou Yudean Hydroelectricity Development Co., Ltd.
to
Refers
Qujie Wind Power Company Guangzhou Yudean Qujie Wind Power Generation Co., Ltd.
to
Refers
Electric Power Sales Company Guangdong Yudean Electric Power Sales Co., Ltd.
to
Refers
Weixin Yuntou YunNan Energy Inverstment WeiXin Energy Co., Ltd.
to
Refers
Binglang Jiang Company Yunnan Baoshan Binlangjiang Hydroelectricity Development Co., Ltd.
to
Refers
Yongan Natural Gas Company Guangdong Yudean Yongan Natural Gas Thermal Power Co., Ltd.
to
Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2016
II. Basic Information of the Company
1.Company information
Stock abbreviation Yue Dian Li A, Yue Dian Li B Stock code： 000539、200539
Stock exchange for listing： Shenzhen Stock Exchange
Name in Chinese 广东电力发展股份有限公司
Abbreviation of Registered
Company Name in Chinese(If 粤电力
any)
English name (If any) GUANGDONG ELECTRIC POWER DEVELOPMENT CO.LTD
English abbreviation (If any) GED
Legal Representative Li Zhuoxian
2. Contact person and contact manner
Board secretary Securities affairs Representative
Name Liu Wei Zhang Shaomin
26/F, South Tower, Yudean Plaza, No.2 26/F, South Tower, Yudean Plaza, No.2
Contact address Tianhe Road East, Guangzhou,Guangdong Tianhe Road East, Guangzhou,Guangdong
Province Province
Tel （020）87570276 （020）87570251
Fax （020）85138084 （020）85138084
E-mail liuw@ged.com.cn zhangsm@ged.com.cn
3. Other
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in
reporting period or not
□ Applicable √ Not applicable
Registrations address, offices address and codes as well as website and email of the Company has no change in
reporting period, found nore details in annual report 2015.
2. In formation disclosure and preparation place
Whether information disclosure and preparation place changed in reporting period or not
□ Applicable √ Not applicable
The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRC
and preparation place for semi-annual report have no change in reporting period, found more details in annual
report 2015.
Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2016
3.Registration changes of the Company
Whether registration has changed in reporting period or not
√Applicable □ Not applicable
Organization
Registration date Registration place Business license No. Tax registration No.
Code
23,25 and 26/F,
South Tower,
Yudean Plaza,
Registration at the
June 16,2015 No.2 Tianhe 440000400015088 440102617419493 61741949-3
beginning of the period Road East,
Guangzhou,Guang
dong Province
23,25 and 26/F,
South Tower,
Yudean Plaza, Unified social credit
Registration at the end
May 20,2016 No.2 Tianhe code:91440000617419 None None
of the period Road East, 493W
Guangzhou,Guang
dong Province
Temporary
announcement to
disclose the date of the
specified website（If
any）
Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2016
III. Summary of Accounting Highlights and Business Highlights
I.Summary of accounting /Financial Data
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to
change of the accounting policy and correction of accounting errors.
□Yes √ No
Reporting period Same period of last year YoY+/-（%）
Operating income（RMB） 10,234,989,566.00 12,911,553,232.00 -20.73%
Net profit attributable to the shareholders
738,374,784.00 1,720,995,015.00 -57.10%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 743,501,966.00 1,516,376,522.00 -50.97%
listed company（RMB）
Cash flow generated by business operation,
4,696,500,182.00 5,702,180,434.00 -17.64%
net（RMB）
Basic earning per share(RMB/Share) 0.14 0.33 -57.58%
Diluted gains per
0.14 0.33 -57.58%
share(RMB/Share)(RMB/Share)
Weighted average ROE(%) 3.09% 7.74% -4.65%
As at the end of the
As at the end of last year YoY+/-（%）
reporting period
Total assets（RMB） 72,041,344,364.00 71,919,934,143.00 0.17%
Net assets attrilutable to shareholder of
23,178,127,713.00 23,754,596,981.00 -2.43%
listed company（RMB）
II.The differences between domestic and international accounting standards
1．Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed
in the financial reports of differences in net income and net assets.
√Applicable □ Not applicable
In RMB
Net profit attributable to the shareholders of the Net Assets attributable to the shareholders of
listed company the listed company
Amount in the Amount in the previous End of the reporting Beginning of the
reporting period period period reporting period
According to CAS 738,374,784.00 1,720,995,015.00 23,178,127,713.00 23,754,596,981.00
Items and amount adjusted according to IAS
The difference arising from 64,623,000.00 64,623,000.00
Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2016
recognition of goodwill after
merger of enterprises under
the same control
Difference arising from
recognition of land use value 19,175,000.00 19,490,000.00
after enterprise merger
Influence on minority interests 27,060.00 54,120.00 4,674,919.00 4,647,859.00
Accouding to IAS 738,086,844.00 1,720,734,135.00 23,266,600,632.00 23,843,357,840.00
2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese
accounting standards.
□ Applicable √Not applicable
No Differences
3.Note to the Difference in the Accounting Data based on the Accounting Standards of CAS and IAS.
√ Applicable □ Not applicable
A. Land use right amortization
The difference formed by different period of land use right amortization.
B.The difference arising from recognition of goodwill after merger of enterprises under the same control and
recognition of land value after enterprise merger.
As required by new Chinese accounting standards, the goodwill formed by the merger of enterprises under the
same control shall not be recognized and capital surplus shall be adjusted. Under IFRS, the golldwill formed by
the merger of enterprises under the same control shall be recognized and equal to the difference between merger
cost and share of fair value of recognizable net assets of the purchased party obtained in merger. Meanwhile, all
assets of the purchased party obtained in merger shall be accounted for according to their fair value while such
assets shall be accounted for according to their book value according to original Chinese accounting standards for
business enterprises. Therefore, this difference will continue to exist.
C. Influence on minority interests
Housing reform loss occurred to the Company and some holding subsidiaries. Therefore, there’s some influence
on minority interests.
IIIItems and amount of deducted non-current gains and losses
√ Applicable □ Not applicable
In RMB
Items Amount Notes
Non-current asset disposal gain/loss(including the write-off part
-40,159.00
for which assets impairment provision is made)
Govemment subsidy recognized in currentgain and loss(excluding 4,330,234.00
