Guangdong Provincial Expressway Development Co.,Ltd.
The Third Quarterly Report 2015
October 2015
I. Important Notice
The Board of Directors and the Supervisory Committee of the Company and its directors, supervisors and senior
executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious
statements, misleading statements or important omissions carried in this report , and shall take legal
responsibilities, individual and /or joint.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr.Zhu Zhanliang, Compant principal , Mr. Wang Chunhua,General Manager, Mr. Fang Zhi, Chief of the
accounting work, Ms.Liu Xiaomei, Chief of the accounting organ (chief of accounting ) hereby confirm the
authenticity and completeness of the financial report enclosed in this report.
II. Main financial data and changes of shareholders
(1)Main financial data and financial index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not.
□ Yes √ No
End of the report period End of last year Year-on –year change
Gross assets(RMB) 12,110,281,652.65 12,513,505,946.42 -3.22%
Net assets attributable to the
shareholders of the listed 5,048,500,361.61 5,016,176,476.09 0.64%
company(RMB)
Between beginning
Change from the
Year-on year of the year to the
This report period same period last
change9%) end of the report
year
period
Operating income(RMB) 410,958,621.31 8.35% 1,135,351,508.90 6.31%
Net profit attributable to the
shareholders of the listed 161,435,234.27 31.45% 393,290,604.32 30.66%
company(RMB)
Net profit after deducting of
non-recurring gain/loss
attributable to the 151,723,812.80 25.22% 379,753,816.95 27.59%
shareholders of listed
company(RMB)
Cash flow generated by
business operation, net -- -- 813,375,899.95 4.37%
(RMB)
Basic earning per
0.13 30.00% 0.31 29.17%
share(RMB/Share)
Diluted gains per
share(RMB/Share)(RMB/Sha 0.13 30.00% 0.31 29.17%
re)
Weighted average
3.34% 0.60% 7.83% 0.94%
income/asset ratio(%)
Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Items Amount from beginning Notes
of the year to the end of
the report period
Non-current asset disposal gain/loss(including the
write-off part for which assets impairment provision is -21,784.50
made)
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Companys 20,000,000.00
business and granted under the states policies)
Other non-business income and expenditures other than
3,984,555.14
the above
Less:Amount of influence of income tax 5,957,704.73
Influence on minority shareholders equity (after tax) 4,468,278.54
Total 13,536,787.37 --
For the Companys non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
(II) Total number of shareholders and shareholding of top 10 shareholders by the end of the report period
(1) Total number of common shareholders and shareholding of top 10 common shareholders by the end of the
report period
In Shares
Total number of shareholders at the
87,034
end of report period
Particular about shares held by top ten shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Guangdong
State-owned legal
Communication 40.84% 513,356,893 409,977,151 Freezing 103,379,742
person
Group Co., Ltd.
Domestic Natural
Feng Wuchu 1.56% 19,659,309
person
Guangdong
State-owned legal
Expressway Co., 1.56% 19,582,228 19,582,228
person
Ltd
Domestic non
Haerbin Hali
State-owned 1.18% 14,850,682
Industry Co., Ltd.
Legal person
Overseas legal
Xinyue Co., Ltd. 1.05% 13,201,086
person
Guangdong
Yuecai Trust State-owned legal
0.97% 12,174,345
Investment Co., person
Ltd.
Bank of China-
Huatai Bairui Domestic non
Positive Growth State-owned 0.94% 11,853,046
Mixed Securities Legal person
Investment Fund
Guangdong
Hengjian State-owned legal
0.80% 10,073,699
Investment person
Holding Co., Ltd.
Bank of Domestic non
0.71% 8,973,229
Communications State-owned
-Everbright Legal person
Baode Letter
SOE reform
securities
investment fund
ICBC-South
Domestic non
Preferred value
State-owned 0.36% 4,587,562
securities
Legal person
investment fund
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Guangdong Communication Group RMB Common
103,379,742 103,379,742
Co., Ltd. shares
RMB Common
Feng Wuchu 19,659,309 19,659,309
shares
RMB Common
Haerbin Hali Industry Co., Ltd. 14,850,682 14,850,682
shares
Foreign shares
placed in
Xinyue Co., Ltd. 13,201,086 13,201,086
domestic
exchange
Guangdong Yuecai Trust Investment RMB Common
12,174,345 12,174,345
Co., Ltd. shares
Bank of China-Huatai Bairui
RMB Common
Positive Growth Mixed Securities 11,853,046 11,853,046
shares
Investment Fund
Guangdong Hengjian Investment RMB Common
10,073,699 10,073,699
Holding Co., Ltd. shares
Bank of Communications -
RMB Common
Everbright Baode Letter SOE reform 8,973,229 8,973,229
shares
securities investment fund
ICBC-South Preferred value RMB Common
4,587,562 4,587,562
securities investment fund shares
RMB Common
China Securities Finance Co., Ltd. 4,144,500 4,144,500
shares
Guangdong Communication Group Co., Ltd. is the parent company of Guangdong
Explanation on associated
Expressway Co., Ltd. and Xinyue Co., Ltd.. It is unknown whether there is relationship
relationship
between other shareholders and whether they are persons taking concerted action specified in
among the aforesaid shareholders
the Regulations on Disclosure of Information about Change in Shareholding of Shareholders
of Listed Companies.
Participation of top 10 unconditional Harbin Hali Industry Co., Ltd. Holds14,849,774 A shares of the Company through stock
common share shareholders in account with credit transaction and guarantee and holds 908 A shares through ordinary stock
securities margin trading (if any) account. Hold14,850,682 shares of the Company's stock totally.
Agreed re-purchasing by the Companys top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes √ No
No agreed re-purchasing is performed by the Companys shareholders in the report period.
(2) Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable√ Not applicable
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
√ Applicable □ Not applicable
(I)Items of balance sheet as compared with the beginning of this year.
1.Monetary capital Increased by RMB 197 million and 35.07% over the beginning of the year, mainly due to net
cash inflow of RMB 814 million from operating activities, net cash inflow of RMB 271 million from investing
activities and net cash outflow of RMB 886 billion from financing activities.
2.Accounts receivable increased by RMB 60.22 million and 254.92% over the beginning of the year , mainly due
to increase of toll income receivable from United Electronic Toll Center by Guangdong Fokai Expressway Co.,
Ltd. And Guangfo Expressway Co., Ltd.
3.Dividend receivable increased by RMB 61.56 million over the beginning of the year, No balances at the
beginning of the year, all were receivable dividends of Shenzhen Yanhui Expressway Co., Ltd.
4.Other receivable decreased by RMB 14.13 million and 50.01% over the beginning of the year, Mainly caused by
the land requisition guarantee deposit and advertisement rent fee for Xiebian to Sanbao extension project in Fokai
Expressway charged by Guangdong Fokai Expressway Co., Ltd
5.Other current assets decreased by RMB 40.63 million and 100% over the beginning of the year, The balance at
the end of the current period is 0, the balance of the beginning of the year all were national debt reverse
repurchase bonds invested by the Company.
6.Construction in process increased by RMB 6.59 million and 221.67% over the beginning of the year, Mainly
caused by the upfront fee for Sanbao to Shuikou extension project approval occurred in Fokai Expressway at the
current period.
7.Deferred income tax assets decreased by RMB 8.87 million and 100% over the beginning of the year, The
balance at the end of the current period is 0,The reason of decrease was that Guangdong Fokai Expressway Co.,
Ltd had turned back all the deferred income tax assets at the current period.
8. Short-term loan decreased by RMB 150 million and 100% over the beginning of the year, The balance at the
end of the current period is 0,Guangdong Fokai Expressway Co., Ltd. has repaid the full short-term borrowing at
the end of the period.
9.Interest payable increased by RMB 50.48 million and 206.25% over the beginning of the year, The main reason
was that the parent company summed and drew RMB 50.92 million of payable MTN interest at the first three
quarters.
10.Other payable decreased by RMB 183 million and 49.57% over the beginning of the year, Mainly caused by
that Guangdong Fokai Expressway Co., Ltd repaid RMB 125 million for the shareholder's entrusted loan and paid
RMB 75 million of quality guarantee deposit for Xiebian to Sanbao extension project of Fokai Expressway.
11.Long-term payable Increased by RMB 50 million and 2,472.64% over the beginning of the year, For that the
parent company borrowed entrusted loan from Ganzhou Kangda Expressway Co., Ltd. at the current period.
(II) Items of profit statement as compared with the same period of the previous year
1.Operating income increased by RMB 67.34 million and 6.31% year on year, The main reason is that Guangfo
Expressway Co., Ltd and Fokai Expressway Co., Ltd have increased their incomes of toll due to the natural
increase of traffic volume.
2. Operating cost increased by RMB 30.89 million and 5.57% year on year, Mainly caused by that Guangfo
Expressway Co., Ltd. and Guangdong Fokai Expressway Co., Ltd were influenced by the increase of traffic flow,
which resulted in an increase in depreciation funds.
3.Business tax and surcharge increased by RMB1.07million and 2.74% year on year,
mainly due the tax increased caused by the increase of operation income.
4.Administrative expense decreased by RMB 8.88 million and 8.64% year on year, Mainly for that the
Company increased revenue and reduced expenditure, which resulted in a decrease in administrative expense.
5. Financial expenses decreased by RMB 35.27 million and 11.59% year on year, Mainly caused by that the
Company repaid with-interest liability.
6. Asset impairment loss increased by RMB6.72 million and 101.07% year on year, The main reason:
(1)Guangdong Expressway Technology Investment Co., Ltd. charged Beijing Gelin Enze Organic Fertilizer Co.,
Ltd. for RMB 6 million of entrusted loan over the same period of previous year.(2)The parent company charged
Kunlun Sercurities Co.,Ltd. for RMB 650,000 of debt over the same period of previous year. Therefore, RMB
6.65 million of loss occurred in the writedowns of these two items in total over the same period of previous year.
7.Investment income increased by RMB 40.82 million and 12.28% year on year, The main reason:(1)Also duo to
the natural increase of traffic volume of Guangdong Guanghui Expressway, and the open to traffic of Boshen
Expressway which increased the total traffic volume, the income of Guanghui Expressway Co., Ltd has been
increased prominently, while the investment income was increased by RMB 25 million.(2)In reason of that
Huiyan Expressway Co., Ltd received the compensation for the transferring of Yantianao tunnel of Huiyan
Highway, and the profit increased, which resulted in an increased of RMB 19 million in investment income.(3)
Investment income of China Everbright Bank increased by RMB 3.3 million .
8. Non-operating income increased by RMB 17million and 190.37% year on year, The main reason of increase is
that Guangdong