The First Quarterly Report 2018
Guangdong Electric Power Development Co., Ltd.
The First Quarterly Report 2018
April 2018
The First Quarterly Report 2018
I Important notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
All the directors attended the board meeting for reviewing the first quarterly 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
Zhou Xi’an Director Due to business Rao Subo
Zhang Xueqiu Director Due to business Ma Xiaoqian
Mr. Huang Zhenhai, Person in charge of the Company, Mr.Liu Wei , Person in charge of accounting works,
Mr.Meng Fei ,CFO as well as person in charge of accounting institution represent and warrant the financial and
accounting report in the first quarterly report is true and complete.
II. Basic Information of the Company
I. Main accounting 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
Changes of this period over
This period Same period of last year
same period of last year（％）
Operating income（RMB） 5,812,535,688 5,554,665,288 4.64%
Net profit attributable to the shareholders of
5,745,879 -115,409,510 104.98%
the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 4,330,364 -125,128,941 103.46%
listed company（RMB）
Cash flow generated by business operation,
1,540,043,756 475,755,783 223.70%
net（RMB）
Basic earning per share(RMB/Share) 0.001 -0.022 104.55%
Diluted gains per
0.001 -0.022 104.55%
share(RMB/Share)(RMB/Share)
Weighted average return on equity（%） 0.02% -0.49% 0.51%
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 70,852,027,159 71,007,415,323 -0.22%
Net assets attributable to the shareholders of
23,694,287,612 23,695,190,653 0%
the listed company（RMB）
Items and amount of non-current gains and losses
The First Quarterly Report 2018
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to the end
Items Notes
of the report period.)
Non-current asset disposal gain/loss(including the write-off part for
-74,138
which assets impairment provision is made)
Govemment subsidy recognized in current gain and loss(excluding
those closely related to the Company’s business and granted under the 851,696
state’s policies)
Other non-operating income and expenditure except for the
3,095,397
aforementioned items
Less: Amount of influence of income tax 1,668,627
Influenced amount of minor shareholders’ equity (after tax) 788,813
Total 1,415,515 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
The First Quarterly Report 2018
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders
Total number of common with the voting power
99,743
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Pledging or
Amount of
Share freezing
Properties of tradable shares
Shareholder name proportion Quantity Status
shareholder with Conditional Quant
% of the
held ity
shares
State-owned
Guangdong Yudean Group Co., Ltd. 67.39% 3,538,005,285 1,893,342,621
legal person
State-owned
China Securities Finance Co., Ltd. 2.78% 145,748,980
legal person
State-owned
Shenzhen Guangfa Electric Power Investment Co., Ltd. 2.22% 116,693,602
legal person
State-owned
Guangdong Electric Power Development Corporation 1.80% 94,367,341
legal person
Domestic
Non-State
Harbin Daoli District Charity Foundation 0.79% 41,633,830
owned legal
person
Domestic
Li Zhuo Natural 0.60% 31,745,043
person
Domestic
Non-State
National Social Security Fund 103 portfolio 0.48% 24,994,982
owned legal
person
Domestic
Non-State
Harbin Hali Industry Co., Ltd. 0.42% 22,068,565
owned legal
person
Domestic
Zheng Jianqun Natural 0.41% 21,681,998
person
CHINA INT'L CAPITAL CORP HONG KONG Overseas
0.29% 15,316,067
SECURITIES LTD Legal person
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of the Share type
Shareholders’ Names
non-restricted shares held Share type Quantity
Guangdong Yudean Group Co., Ltd. 1,644,662,664 RMB Common shares
China Securities Finance Co., Ltd. 145,748,980 RMB Common shares
Shenzhen Guangfa Electric Power Investment Co., Ltd. 116,693,602 RMB Common shares
Guangdong Electric Power Development Corporation 94,367,341 RMB Common shares
Harbin Daoli District Charity Foundation 41,633,830 RMB Common shares
Li Zhuo 31,745,043 RMB Common shares
National Social Security Fund 103 portfolio 24,994,982 RMB Common shares
Harbin Hali Industry Co., Ltd. 22,068,565 RMB Common shares
Foreign shares placed in
Zheng Jianqun 21,681,998
domestic exchange
The First Quarterly Report 2018
CHINA INT'L CAPITAL CORP HONG KONG Foreign shares placed in
15,316,067
SECURITIES LTD domestic exchange
The fourth largest shareholder Guangdong Electric Power Development
Corporation is the wholly-owned subsidiaries of the largest shareholder
Explanation on associated relationship or concerted action
Yudean Group. These two companies have relationships; whether the
of the above shareholders
other shareholders have relationships or unanimous acting was
unknown.
The Fifth largest shareholder Harbin Daoli District Charity Foundation
holds535,016 A shares of the Company through stock account with
credit transaction and guarantee and holds 41,098,814 A shares through
ordinary stock account, hold 41,633,830 shares of the Company's stock
totally.
The Sixth largest shareholder Li Zhuo holds237,720 A shares of the
Note to the top 10 common stockholders involved in Company through stock account with credit transaction and guarantee
margin financing & securities lending (If any) and holds31,507,323 A shares through ordinary stock account, hold
31,745,043 shares of the Company's stock totally.
The Eighth largest shareholder Harbin Hali Industry Co., Ltd. holds
1,125,920 A shares of the Company through stock account with credit
transaction and guarantee and holds 20,942,645 A shares through
ordinary stock account, hold 22,068,565 shares of the Company's stock
totally.
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable √Not applicable
The First Quarterly Report 2018
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
During the reporting period, the company realized a net profit attributable to shareholders of the parent company
of RMB 5.75 million, representing a profit turnaround compared to the last year. The reason mainly was that the
demand for electricity in the society in the first quarter of 2018 went up, the company’s on-grid electricity
increased and the profitability of joint ventures and associates was relatively good, resulted in a turnaround in
operating performance; however, because of the high coal prices, the cost of fuel for power generation was high,
which lead to that the company's operating performance was at a small profit level.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
1. During the reporting period, according to Guangdong Yudean Group Co., Ltd (hereinafter referred to as
“Yudean Group”) “Statement on the implementation of the commitment”, the Company and Yudean Group signed
the Equity Right Entrustment Agreement, stipulating that Yudean Group entrusted the shareholder’s rights
excluding the ownership, earnings right and right of disposition of the 29 underlying companies including Zhuhai
SEZ Guangzhu Power Generation Co., Ltd to the Company.
2. In the reporting period, the company received the “Letter of Issuing the Work Plan of the Decommissioning of
Shajiao Power Plant and the Alternative Power Supply Construction by Guangdong Development and Reform
Commission” (No. 578-2018 Yue Development and Reform Commission Doc.) (hereinafter referred to as \"the
Work Plan\"). The Work Plan stated: By the end of 2025, the decommissioning of all 10 units in Shajiao Power
Plant will be completed step by step, the alternative power source will be constructed in appropriate locations, and
the corresponding power grid reconstruction and the staff placement will be well completed.” Five of the 10 units
mentioned above in Shajiao Power Plant are owned by Shajiao A Power Plant, a branch of the Company.
According to the Work Plan, Shajiao A Power Plant No. 1 unit will be shut down before the end of 2019, and No.
2 unit and No. 3 unit will be shut down before the end of 2020, and No. 4 unit and No. 5 unit will be shut down
before the end of 2023. At present, the related issues, such as the decommissioning implementation plan, the
alternative power supply construction plan, the supporting grid reconstruction plan and staff placement and the
land development, are still in the process of research and formulation, of which the final impact on the company is
still relatively uncertain, yet the Company will make timely disclosure based on the follow-up progress.
3. In the reporting period, the Company completed the repurchase of part of the “Yudean Bonds” and the interest
payment work of 2018 for the remaining corporate bonds. The number of put-back of \"12 Yudean Bonds\" was
11,596,935 and the repurchase amount was RMB 1,217,087,933.25 (including interests), with that the remaining
number of bonds in trust was 403,065.
Announcement Date of disclosure Website for disclosure
Announcement on the Controlling Shareholder’s Commitment to
January 3,2018 http//www.cninfo.com.cn.
Perform the Related Matters
Announcement on Related Transaction with Guangdong Yudean Group January 13,2018 http//www.cninfo.com.cn.
The First Quarterly Report 2018
Co., Ltd. Signing of the Energy Entrusting trusteeship Agreement
Announcement on Receiving the Letter of Guangdong Provincial
Development and Reform Commission on Printing Work Plan for February 9,2018 http//www.cninfo.com.cn.
Retirement and Alternative Power Construction of Shajiao Power Plant
Announcement of Concerning Payment of Corporate “12 Yudean
March 13,2018 http//www.cninfo.com.cn.
Bonds” Interest of 2018
Announcement on the Resale Results of Corporate Bonds “12 Yudean
March 17,2018 http//www.cninfo.com.cn.
Bonds”
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
No such cases in the reporting period.
IV．Prediction of Business performance for January- June 2017
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□ Applicable √ Not applicable
V. Securities investment
√ Applicable □Not applicable
Number of Shareholding Number of Shareholding Gain. loss
Book balance
Initial shares held at proportion at shares held at proportion at of the Sauce
Security Stock Stock at the end of Accountin
investment the beginning of the beginning the end of the the end of the reporting of the
category Code Abbreviation the reporting g items
cost(RMB) the reporting of the reporting reporting reporting period shares
period (RMB)
period(shares) period(%) period (shares) period(%) (RMB)
Financial
assets Trans
Stock 600642 Shenergy 235,837,988 55,532,250 1.22% 55,532,250 1.22% 319,865,760
available feree
for sales
Financial
Issue
Shenzhen assets
Stock 000027 15,890,628 12,600,000 0.32% 12,600,000 0.32% 73,584,000 0 obtai
Energy available
n
for sales
Financial
Estab
assets
Stock 831039 NEEQ 3,600,000 1,800,000 1.29% 1,800,000 1.29% 6,678,000 0 lishm
available
ent
for sales
400,127,
Total 255,328,616 69,932,250 255,328,616 69,932,250 -- 69,932,250 --
Disclosure date for the
notice of approval by the
Board (If any)
Disclosure date for the
notice of approval by
shareholders’ Meeting (If
any)
The First Quarterly Report 2018
VI. Investment in derivatives
□ Applicable √Not applicable
No such cases in the reporting period.
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the
Reporting Period
□ Applicable √Not applicable
No such cases in the reporting period.
VIII. External guarantee get out of line
□ Applicable √Not applicable
No such cases in the reporting period.
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
No such cases in the reporting period.
The First Quarterly Report 2018
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Guangdong Electric Power Development Co., Ltd.
In RMB
Items At the end of term Beginning of term
Current asset：
Cash and bank balances 4,449,939,409 4,996,580,490
Settlement provision
Outgoing call loan
Financial assets at fair value through
profit or loss
Derivative financial assets
Notes receivable
Account receivable 2,777,704,159 2,826,237,259
Advance payments 976,214,046 826,786,279
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 22,598,976 14,923,771
Dividend receivable
Other account receivable 163,537,647 208,907,993
Securities purchased under agreements
to resell
Inventories 2,324,768,911 1,527,634,773
Held-for-sale assets
Current portion of non-current assets 29,563,053
Other current asset 1,030,241,176 1,137,582,469
Total of current assets 11,745,004,324 11,568,216,087
Non-current assets：
Loans and advances
Available-for-sale financial assets 1,234,768,760 1,243,633,985
Held-to-maturity investments
Long-term receivable 85,017,590 84,358,065
Long term share equity investment 5,912,779,071 5,801,006,412
Property investment 8,137,740 8,296,639
Fixed assets 40,311,020,293 40,996,206,316
Construction in progress 8,747,606,223 8,467,687,340
Engineering material 5,588,696 35,869,033
Fixed assets pending for disposal 29,044,758 14,662,233
Productive biological assets
Gas & petrol
Intangible assets 1,653,100,455 1,665,784,490
Research and Development
Expenditures
Goodwill 27,486,780 27,486,780
Long-term prepaid expenses 26,395,522 27,007,371
Deferred income tax 417,570,205 372,553,039
Other non-current asset 648,506,742 694,647,533
The First Quarterly Report 2018
Total of non-current assets 59,107,022,835 59,439,199,236
Total of assets 70,852,027,159 71,007,415,323
Current liabilities
Short-term bank loan facilities 9,550,000,000 9,270,000,000
Borrowings from central bank
Deposits and placements from other
financial institutions
Placement from banks and other
financial institution
Financial liabilities at fair value through
profit and loss
Derivative financial liabilities
Notes payable 379,154,349 297,611,800
Account payable 3,348,763,049 2,219,027,261
Advances from customers 276,713 1,938,223
Securities sold under agreement to
repurchase
Fees and commissions payable
Payroll payable 183,564,028 157,738,628
Taxes and surcharges payable 94,725,607 277,285,402
Interest payable 100,067,768 98,553,104
Dividend payable 9,703,930 9,703,930
Other payable 3,704,603,737 3,908,512,671
Reinsurance amounts payable
Provision of insurance contract
Securities brokering
Securities underwriting
Held-for-sale liabilities
Current portion of non-current liabilities 2,127,883,462 3,012,690,360
Other current liability 56,659,205
Total of current liability 19,555,401,848 19,253,061,379
Non-current liabilities：
Long-term bank loan facilities 19,205,618,292 19,465,723,869
Bond payable 736,770,042 698,168,211
Including：preferred stock
Perpetual capital securities
Long-term payable 1,487,690,049 1,548,259,241
Long-term employee benefits payable 84,237,719 91,622,907
Grants payable 64,275,954 64,605,011
Provisions
Deferred income 142,520,262 142,520,263
Deferred tax liabilities 23,994,623 24,188,860
Other non-current liabilities 20,405,569 16,405,569
Total non-current liabilities 21,765,512,510 22,051,493,931
Total of liability 41,320,914,358 41,304,555,310
Equity
Share capital 5,250,283,986 5,250,283,986
Other equity instrument
Including：preferred stock
Perpetual capital securities
Reserves 5,004,250,685 5,004,250,685
Less: treasury shares
Other comprehensive income 130,352,605 137,001,523
Specialized reserve
Surplus reserves 7,590,363,724 7,590,363,724
The First Quarterly Report 2018
General risk reserve
Retained earnings 5,719,036,612 5,713,290,735
Equity contributable to parent company 23,694,287,612 23,695,190,653
Minority interests 5,836,825,189 6,007,669,360
Total equity 29,531,112,801 29,702,860,013
Total liabilities and equity 70,852,027,159 71,007,415,323
Legal Representative: Huang Zhenhai Person in charge of accounting：Liu Wei Accounting Dept Leader: Meng Fei
2.Parent Company Balance Sheet
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Cash and bank balances 243,706,011 429,724,538
Financial assets at fair value through
profit or loss
Derivative financial assets
Notes receivable
Account receivable 207,244,177 195,462,150
Advance payments 57,222,822 57,189,222
Interest receivable 3,082,612 1,698,504
Dividend receivable 11,536,791 17,536,791
Other receivable 11,215,680 27,984,304
Inventories 150,144,924 151,849,683
Held-for-sale assets
Current portion of non-current assets
Other current asset
Total of current assets 684,153,017 881,445,192
Non-current assets：
Available-for-sale financial assets 1,234,768,760 1,243,633,985
Held-to-maturity investments
Long-term receivable 401,460,000 401,460,000
Long term share equity investment 23,296,783,329 23,370,412,702
Property investment 8,137,740 8,296,639
Fixed assets 1,027,316,485 1,054,459,265
Construction in progress 74,465,838 49,949,168
Engineering material
Fixed assets pending for disposal 132,629
Productive biological assets
Gas & petrol
Intangible assets 87,706,111 88,660,312
Research and Development
Expenditures
Goodwill
Long-term prepaid expenses
Deferred income tax 58,034,880 43,591,562
Other non-current asset 356,004,000 356,004,000
Total of non-current assets 26,544,809,772 26,616,467,633
Total of assets 27,228,962,789 27,497,912,825
Current liabilities
Short-term bank loan facilities 2,630,000,000 1,700,000,000
Financial liabilities at fair value through
profit and loss
The First Quarterly Report 2018
Derivative financial liabilities
Notes payable
Account payable 105,944,113 221,325,935
Advances from customers
Payroll payable 31,741,206 32,124,015
Tax payable 22,404,617 38,907,195
Interest payable 8,599,890 49,765,772
Dividend payable 9,703,930 9,703,930
Other payable 107,452,931 119,738,967
Held-for-sale liabilities
Current portion of non-current liabilities 1,197,935,476
Other current liability
Total of current liability 2,915,846,687 3,369,501,290
Non-current liabilities：
Long-term bank loan facilities 1,500,000,000 1,500,000,000
Bond payable 38,480,190
Including：preferred stock
Perpetual capital securities
Long-term payable
Long-term employee benefits
21,524,778 22,265,631
payable
Grants payable 8,775,514 8,775,514
Provisions
Deferred income 53,869,596 53,869,596
Deferred income tax
Other non-current liabilities
Total of Non-current liabilities 1,622,650,078 1,584,910,741
Total of liability 4,538,496,765 4,954,412,031
Equity
Share capital 5,250,283,986 5,250,283,986
Other equity instrument
Including：preferred stock
Perpetual capital securities
Reserves 5,605,794,603 5,605,794,601
Less: treasury shares
Other comprehensive income 130,352,605 137,001,523
Specialized reserve
Surplus reserves 7,590,363,724 7,590,363,724
Retained earnings 4,113,671,106 3,960,056,960
Total equity 22,690,466,024 22,543,500,794
Total liabilities and equity 27,228,962,789 27,497,912,825
3.Consolidated Income statement
In RMB
Items Amount in this period Amount in last period
I. Revenue 5,812,535,688 5,554,665,288
Including: business revenue 5,812,535,688 5,554,665,288
Interest income
Premiums earned
Fees and commissions income
II. Total operating cost 5,861,825,692 5,731,755,826
Including: Cost of sales 5,380,318,561 5,232,107,151
Interest expense
The First Quarterly Report 2018
Fees and commissions expense
Cash surrender amount
Net expenses of claim settlement
Net provisions for insurance contract
reserves
Policy dividend expenses
Reinsurance expenses
Business taxes and surcharges 34,361,198 46,883,420
Selling expenses 4,817,203 1,128,943
Administrative expense 134,383,821 135,333,767
Financial expenses 307,944,909 316,302,545
Impairment loss on assets
Add: Gain from fair-value changes(“-“for
loss)
Investment income(“-“for loss) 116,815,302 71,376,143
Including: investment income from
associates and joint ventures
Gain on foreign exchange(“-“for loss)
Assets disposition income 30,809 902,715
Other income 2,894,673
III. Operating profit（“-”for loss） 70,450,780 -104,811,680
Add:Non-operating income 3,679,083 14,694,439
Less：Non business expenses 1,189,871 2,489,993
IV. Total Profit(“-“for loss) 72,939,992 -92,607,234
Less: Income tax expense 9,063,824 25,738,798
V. Net profit (“-“for net loss) 63,876,168 -118,346,032
(I) Continuous operation net profit 63,876,168 -118,346,032
(II) Discontinued operation net profit
Net profit attributable to the owners of
5,745,879 -115,409,510
parent company
Minority interests 58,130,289 -2,936,522
VI. Other comprehensive income after
-6,648,919 18,875,683
tax
Net of profit of other comprehensive
income attributable to owners of the -6,648,919 18,875,683
parent company
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
（II）
Other comprehensive income that will be -6,648,919 18,875,683
reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2.Gains and losses from changes in fair v
-6,648,919 18,875,683
alue available for sale financial assets
3.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
The First Quarterly Report 2018
4.The effective portion of cash flow hedg
es and losses
5.Translation differences in currency fina
ncial statements
6.Other
Net
after-tax of other comprehensive income
attributable to Minority shareholders’
equity
VII. Total comprehensive income 57,227,249 -99,470,349
Total comprehensive income attributable
-903,040 -96,533,827
to the owner of the parent company
Total comprehensive income
58,130,289 -2,936,522
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.001 -0.022
(II)Diluted earnings per share 0.001 -0.022
The current business combination under common control, the net profits of the combined party before achieved
net profit of RMB 0 , last period the combined party realized RMB0 .
Legal Representative: Huang Zhenhai Person in charge of accounting：Li u Wei Accounting Dept Leader: Meng Fei
4.Income statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Revenue 465,311,491 380,801,562
Less：Business cost 449,858,137 381,038,604
Business tax and surcharge 1,821,322 465,610
Selling expenses 437,911 3,062
Administrative expense 18,828,427 19,688,793
Financial expenses 47,457,181 47,038,961
Impairment loss on assets
Add: Gain from fair-value
changes(“-“for loss)
Investment income(“-“for loss) 195,076,685 75,921,316
Including: investment income from
114,290,630 71,376,143
associates and joint ventures
Assets disposition income -32,933
Other income
II. Operational profit（“-”for loss） 141,952,265 8,487,848
Add:Non-operating income 27,610 9,551,560
Less:Non-operating expenses 592,734 133,371
III.Total profit 141,387,141 17,906,037
Less: Income tax expense -12,227,011 -13,367,526
IV. Net profit (“-“for net loss) 153,614,152 31,273,563
(I) Continuous operation net profit 153,614,152 31,273,563
(II) Discontinued operation net profit
V.Net of profit of other comprehensive i
-6,648,919 18,875,683
ncome
（I）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
The First Quarterly Report 2018
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（ II ）
Other comprehensive income that will b -6,648,919 18,875,683
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
-6,648,919 18,875,683
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
VI. Total comprehensive income 146,965,233 50,149,246
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated cash flow statement
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
6,909,344,782 6,534,220,810
rending of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from
other financial bodies
Cash received against original
insurance contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of the financial assets that
are measured at fair value and whose
movement is counted to the current
gain and loss
Cash received as interest, processing
fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing business
Tax returned 4,180,540 232,947
Other cash received from business 102,634,309 38,308,102
The First Quarterly Report 2018
operation
Sub-total of cash inflow 7,016,159,631 6,572,761,859
Cash paid for purchasing of
4,669,079,682 5,217,883,087
merchandise and services
Net increase of client trade and
advance
Net increase of savings n central bank
and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 376,566,617 354,132,647
Taxes paid 309,033,731 361,679,696
Other cash paid for business activities 121,435,845 163,310,646
Sub-total of cash outflow from
5,476,115,875 6,097,006,076
business activities
Cash flow generated by business
1,540,043,756 475,755,783
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and 10,100 1,062,462
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 10,500,000
Sub-total of cash inflow due to
10,100 11,562,462
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 657,061,177 607,704,985
long-term assets
Cash paid as investment 125,694
Net increase of loan against pledge
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
657,061,177 607,830,679
investment activities
Net cash flow generated by investment -657,051,077 -596,268,217
III.Cash flow generated by financing
Cash received as investment 4,000,000
Incl: Cash received as investment from
4,000,000
minor shareholders
Cash received as loans 2,446,395,253 3,030,404,699
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
2,450,395,253 3,030,404,699
activities
Cash to repay debts 3,279,948,065 2,972,122,871
Cash paid as dividend, profit, or
462,961,076 419,903,293
interests
Incl: Dividend and profit paid by
The First Quarterly Report 2018
subsidiaries to minor shareholders
Other cash paid for financing activities 137,119,426 6,440,107
Sub-total of cash outflow due to
3,880,028,567 3,398,466,271
financing activities
Net cash flow generated by financing -1,429,633,314 -368,061,572
IV. Influence of exchange rate
alternation on cash and cash -446 -86
equivalents
V.Net increase of cash and cash
-546,641,081 -488,574,092
equivalents
Add: balance of cash and cash
4,996,580,490 5,184,873,650
equivalents at the beginning of term
VI ..Balance of cash and cash
4,449,939,409 4,696,299,558
equivalents at the end of term
6. Cash Flow Statement of the Parent company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
543,833,558 506,722,273
rending of services
Tax returned 232,947
Other cash received from business
16,238,994 4,345,031
operation
Sub-total of cash inflow 560,072,552 511,300,251
Cash paid for purchasing of
557,730,970 662,899,601
merchandise and services
Cash paid to staffs or paid for staffs 72,942,857 76,886,841
Taxes paid 17,395,705 9,375,647
Other cash paid for business activities 21,649,266 9,965,255
Sub-total of cash outflow from
669,718,798 759,127,344
business activities
Cash flow generated by business
-109,646,246 -247,827,093
operation, net
II.Cash flow generated by investing
Cash received from investment
187,920,000 100,000,000
retrieving
Cash received as investment gains 85,567,058 4,295,833
Net cash retrieved from disposal of
fixed assets, intangible assets, and 10,100
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to
273,497,158 104,295,833
investment activities
Cash paid for construction of fixed
assets, intangible assets 29,854,267 17,484,290
and other long-term assets
Cash paid as investment 131,602,154
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
activities
The First Quarterly Report 2018
Sub-total of cash outflow due to
29,854,267 149,086,444
investment activities
Net cash flow generated by investment 243,642,891 -44,790,611
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 1,930,000,000 1,300,000,000
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from
1,930,000,000 1,300,000,000
financing activities
Cash to repay debts 2,159,693,500 1,000,000,000
Cash paid as dividend, profit, or
90,010,272 95,417,563
interests
Other cash paid for financing activities 310,954 38,721
Sub-total of cash outflow due to
2,250,014,726 1,095,456,284
financing activities
Net cash flow generated by financing -320,014,726 204,543,716
IV. Influence of exchange rate
alternation on cash and cash -446 -86
equivalents
V.Net increase of cash and cash
-186,018,527 -88,074,074
equivalents
Add: balance of cash and cash
429,724,538 326,073,538
equivalents at the beginning of term
VI ..Balance of cash and cash
243,706,011 237,999,464
equivalents at the end of term
II. Auditor‘s report
Whether the Q1 report is audited
□ Yes √ No
The Q1 Report is not audited.
