粤电力Ｂ：第一季度报告全文（英文版） .ppt

,广东电力发展股份有限公司 2012 年第一季度季度报告全文Guangdong Electric Power Development Co.,Ltd.The First Quarterly Report 2012I Important Statement1.1 The Board of Directors,Supervisory Committee,Directors,Supervisors,Senior Executives ofthe Company hereby warrant that there are no misstatement,misleading representation orimportant omissions in this report and shall assume joint and several liability for theauthenticity,accuracy and completeness of the contents hereof.1.2 Other directors attended the meeting on examining the Annual except for the following directors.,Name absentdirectorLi ZhuoxianZhong WeiminWang JinZhang Xueqiu,TitleDirectorDirectorDirectorDirector,Due to businessDue to businessDue to businessDue to business,Reason of absence,Name of entrustedLiu QianHong RongkunLin ShizhuangLiu Tao,1.3 The financial report of the Company in this Quarterly report period has not been audited.1.4 Chairman of the Board of Directors,Pan Li,General Manager,Lin Shizhuang,Deputy GeneralManager and Principal of Financial Dept,Li Xiaoqing and Financial Manager,Qin Jingdongrepresent and warrant the financial and accounting report in the Quarterly report is true andcomplete.English translation for reference only.Should there be any inconsistency between the Chineseand English versions,the Chinese version shall prevail.2 Basic Information2.1 Main accounting Highlights and financial indexesUnit：RMBIncrease/decrease of the,At the end of the reportperiod,At the end of the lastyear,end of report period thanthat of the end of the lastyear(%),Total assets（RMB）Owners equity attributable to the shareholders of thelisted company（RMB）Stock capital（Shares）Net assets per share attributable to the shareholders ofthe listed company（RMB/shares）Total turnover(RMB)Net profit attributable to owners of parentcompany(RMB)Net cash flow arising from operating,39,863,216,231.0010,252,968,992.002,797,451,138.003.67Amount of current period3,933,102,585.0058,784,105.00772,285,337.00,39,480,195,392.0010,206,623,366.002,797,451,138.003.65Amount of the sameperiod in last year2,764,782,132.0012,721,156.00220,682,918.00,0.97%0.45%0.00%0.55%Increase/decrease（）42.26%362.10%249.95%,1,-,广东电力发展股份有限公司 2012 年第一季度季度报告全文activities(RMB),Net cash flow per share arising from operatingactivities(RMB/share)Basic earnings per share(RMB/share)Diluted earnings per share(RMB/share)Weighted average return on equity（%）Weighted average return on equity after deductingnon-recurring gains and losses（%）,0.280.0210.0210.57%0.50%,0.080.0050.0050.13%0.06%,250.00%320.00%320.00%0.44%0.44%,Items of non-current gains and losses applicable not applicableUnit：RMB,Non-recurring gain and loss itemsProfit&loss arising from entrusting LoanExcept the above items,other non-operating earning and expenditureAmount of influence of income taxAmount of influence of minority interestsTotal,Amount(Year-beginning to theend of the report period.)6,959,272.421,399,925.97-365,525.50-474,052.457,519,620.44,Notes（If applicable）,2.2 Top 10 shareholders and top 10 holders of unconditional sharesUnit：Shares,Total number of shareholders at the end ofreport periodParticulars about the shares held by the top ten tradable shareholders with unrestricted conditionsAmount of tradable shares with,138,686,Full name of shareholder,unrestricted conditions held at theend of report period,Type of shares,Guangdong Yudean Group Co.,Ltd.Shenzhen Guangfa Electric Power InvestmentCo.,Ltd.Guangdong Electric Power DevelopmentCompanyGuangdong Guangkong Group Co.,Ltd.102 Portfolio of National Social Security FundChina Construction BankPenghua ValueAdvantage Stock-linkedSecurity Investment Fund,1,232,256,158 RMB Common shares101,777,185 RMB Common shares78,639,451 RMB Common shares23,610,428 RMB Common shares21,496,929 RMB Common shares15,447,184 RMB Common shares,Taifook Securities Company Limited-AccountClient,14,624,065,Foreign shares placed in domesticexchange,Bank of China-E Fund Shenzhen StockExchange 100 Exchange Traded Fund103 Portfolio of National Social Security FundBoshi Increase securities Investment Fund,12,145,665 RMB Common shares12,010,094 RMB Common shares12,000,000 RMB Common shares,2,广东电力发展股份有限公司 2012 年第一季度季度报告全文3 Significant Events3.1 Particular about large-margin change of main accounting statement item and financial index and its reason.applicable not applicable1.Net profit increased by 362.1%year on year mainly due to small base amount of earnings for the same period of the previous yearand the rise in power output and electricity rate.2.Net cash flows from operating activities increased by 249.95%year on year mainly due to the rise in power output and electricityrate.3.2 The progress of significant events and influence,as well as the analysis and explanation on resolving proposalreason.3.2.1 Non-standard Opinionapplicable not applicable3.2.2 The Company provided funds to its controlling shareholder or related parties and provided guarantees inviolation of established procedures.applicable not applicable3.2.3 Signing and performance of significant contracts for daily operationapplicable not applicable3.2.4 Otherapplicable not applicableIn August 2011,the Company decided to continue the significant asset reorganization related to issue of shares to controllingshareholder Guangdong Yuedian Group Co.,Ltd.to purchase assets.After approval by the board of directors and shareholders generalmeeting,the Company planned to issue about 1.558 billion shares to the controlling shareholder to acquire the equities of 7 powerprojects held by it including Pinghai Power Plant and Taishan Power Plant.The value of the said equities is about RMB 7.463 billion.CSRC officially accepted the materials of this reorganization on March 14,2012.At present,the examination is still under way.Thecontinuation of this reorganization contributes to consolidating and improving the Companys market position and corecompetitiveness,matches its long-term development target and serves the interests of all shareholders.3.3 The fulfillment of the commitment made by the Company,shareholders and the actual controllerCommitments made by the listed company and its directors,supervisors,senior executives,the shareholders withholding above 5%shares and its actual controller in the report period,or lasting until the report period.applicable not applicable,Items of commitments,Promisee,Content of commitments,Implementation,Promise in share holding structure reform N/A,N/A,N/A,Commitments made in Acquisition Reportor Reports on Change in interestsCommitments made in Material assetsReorganizationCommitments made in issuing,N/AN/AN/A,N/AN/AN/A,N/AN/AN/A,Other commitments（Including:,Guangdong,138,047,138 RMB ordinary shares(A Under fulfillment,3,1,2,-,-,广东电力发展股份有限公司 2012 年第一季度季度报告全文,supplementary commitments）,Yudean GroupCo.,Ltd.,shares)privately issued by the Companyto Guangdong Yudean Group Co.,Ltd.,its controlling shareholder,were listed atShenzhen Stock Exchange from May 25,2010.Yudean Group promised not toassign the stocks of Yue Dian Li ownedby it within 36 months from the said dayof listing.3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report period to be lossprobably or the warning of its material change compared with the corresponding period of the last year andexplanation of reason.applicable not applicable3.5 Other significant events need to be explained3.5.1 Securities investmentapplicable not applicableUnit:RMBPercentage of,No,Stock type,Stock code,Stockabbreviation,Initialinvestmentamount(Yuan),Holdingquantity(Share),Book values atthe end ofperiod(RMB),totalinvestment inthis stock atthe end or,Profit and lossduring the reportperiod(RMB),period(%),Stock,000027,Shen EnergyA,16,949,674.00,8,400,000,50,484,000.00,17.39%,-756,001.00,Stock,600642,SHENERGY,235,837,987.50,55,532,250 239,899,320.00,82.61%,-14,993,707.00,Other securities investment held at the end of theperiod,0.00,0.00,0.00%,0.00,Gain and loss from investment in securities alreadysold in the report periodTotal,-252,787,661.50,-,-290,383,320.00,-,100%,0.00-15,749,708.00,Explanation Investment in securities：No3.5.2 Reception of investigations,communications,or interviews,DateMarch 20,2012March 28,2012,PlaceOffice of theCompanyOffice of theCompany,ModeOnsiteinvestigationOnsiteinvestigation,TypeOrganizationOrganization,VisitorBoshi FundYongrong AssetsManagement Co.,Ltd.,Content of discussion andmaterials providedTo learn about the Companysoperating and Developmentstatus,.etc.To learn about the Companysoperating and Developmentstatus,.etc.,3.6 Derivative Investmentapplicable not applicable4,广东电力发展股份有限公司 2012 年第一季度季度报告全文3.6.1 Particulars about derivatives investment held at the end of report periodapplicable not applicable4 Appendix4.1 Balance sheetPrepared by:Guangdong Electric Power Development Co.,Ltd.,March 31,2012,Unit:RMB,Items,Year-end balance,Year-beginning balance,Consolidated,Parent company,Consolidated,Parent company,Current asset：,Monetary fund,2,709,859,373.00,370,436,465.00,2,182,660,514.00,417,749,940.00,Settlement provisionOutgoing call loanTrading financial assetsBill receivable,Account receivablePrepayments,1,763,750,100.00495,903,175.00,386,985,945.00178,248,245.00,1,657,325,697.00321,693,491.00,348,032,141.00178,078,582.00,Insurance receivableReinsurance receivableProvisions of Reinsurancecontracts receivable,Interest receivableDividend receivableOther account receivable,367,941.0096,079,553.0079,275,940.00,9,089,394.00105,234,649.00248,639,458.00,1,071,844.0096,079,553.0097,964,732.00,5,701,784.00105,234,649.00273,092,240.00,Repurchasing of financial assets,Inventories,966,767,314.00,146,070,029.00,1,410,576,820.00,192,183,732.00,Non-current asset due in 1 year,Other current assetTotal of current assets,830,918,117.006,942,921,513.00,1,524,259.001,446,228,444.00,969,425,199.006,736,797,850.00,35,837,879.001,555,910,947.00,Non-current assets：Loans and payment on othersbehalf disbursed,Financial assets available for sale,290,383,320.00,290,383,320.00,306,133,028.00,306,133,028.00,Expired investment in possess,Long-term receivableLong term share equityinvestmentProperty investmentFixed assetsConstruction in progressEngineering materialFixed asset disposal,520,518,490.005,857,302,310.0011,951,327.0014,490,282,549.009,720,141,294.00999,275,403.0029,172,141.00,523,780,000.0013,325,586,254.0011,951,327.001,047,248,083.00128,579,799.0084,670.00,482,006,891.005,812,518,793.0012,110,227.0014,866,672,176.009,159,945,080.001,023,682,015.004,164,516.00,423,780,000.0013,118,857,714.0012,110,227.001,086,238,084.0088,123,240.00,Production physical assets5,广东电力发展股份有限公司 2012 年第一季度季度报告全文Gas&petrol,Intangible assets,485,111,008.00,106,972,712.00,491,722,772.00,107,842,409.00,R&D petrolGoodwillLong-germ expenses to beamortized,Differed income tax assetOther non-current asset,98,226,675.00417,930,201.00,1,317,488.00,96,909,186.00487,532,858.00,Total of non-current assetsTotal of assets,32,920,294,718.0039,863,216,231.00,15,435,903,653.0016,882,132,097.00,32,743,397,542.0039,480,195,392.00,15,143,084,702.0016,698,995,649.00,Current liabilities,Short-term loans,9,654,600,000.00,3,169,100,000.00,9,318,000,000.00,3,075,000,000.00,Loan from Central BankDeposit received and hold forothersCall loan receivedTrade off financial liabilities,Bill payable,311,640,000.00,343,083,604.00,Account payableAccounts received in advance,2,861,338,414.003,547,159.00,535,525,995.002,899,668.00,3,449,859,930.002,315,543.00,469,788,433.001,831,135.00,Selling financial assets ofrepurchaseCommission charge andcommission payable,Wage payableTaxes payableInterest payableDividend payableOther accounts payable,252,050,281.0080,759,507.0044,773,153.0012,252,964.00802,882,140.00,65,722,248.0033,947,205.0022,930,913.007,323,298.0048,871,524.00,205,462,922.0065,250,662.00122,666,756.0015,552,964.00817,248,933.00,42,398,999.0014,826,004.00110,857,332.007,323,298.0047,816,643.00,Reinsurance payablesInsurance contract reserveSecurity trading of agencySecurity sales of agency,Non-current liability due in 1year,810,609,130.00,40,000,000.00,940,141,518.00,40,000,000.00,Other current liability,Total of current liability,14,834,452,748.00,3,926,320,851.00,15,279,582,832.00,3,809,841,844.00,Non-current liabilities：,Long-term loanBond payableLong-term payable,7,227,153,408.001,992,117,912.002,368,828,782.00,1,150,000,000.001,992,117,912.00,7,167,153,408.001,991,442,304.001,741,163,487.00,1,090,000,000.001,991,442,304.00,Special payableExpected liabilities,Differed income tax liability,2,619,939.00,2,619,939.00,Other non-current liabilitiesTotal of non-current liabilitiesTotal of liabilities,46,798,938.0011,634,899,040.0026,469,351,788.00,31,798,938.003,173,916,850.007,100,237,701.00,46,730,522.0010,949,109,660.0026,228,692,492.00,29,508,308.003,113,570,551.006,923,412,395.00,Owners equity6,Items,广东电力发展股份有限公司 2012 年第一季度季度报告全文,Share capitalCapital reserves,2,797,451,138.001,836,280,092.00,2,797,451,138.001,770,731,273.00,2,797,451,138.001,848,718,571.00,2,797,451,138.001,782,543,553.00,Less：Shares in stockSpecial reserve,Surplus reserves,3,775,481,032.00,3,775,481,032.00,3,775,481,032.00,3,775,481,032.00,Common risk provision,Undistributed profit,1,843,756,730.00,1,438,230,953.00,1,784,972,625.00,1,420,107,531.00,Different of foreign currencytranslation,Total of owners equity belong tothe parent companyMinor shareholders equityTotal of owners equityTotal of liabilities and ownersequity,10,252,968,992.003,140,895,451.0013,393,864,443.0039,863,216,231.00,9,781,894,396.009,781,894,396.0016,882,132,097.00,10,206,623,366.003,044,879,534.0013,251,502,900.0039,480,195,392.00,9,775,583,254.009,775,583,254.0016,698,995,649.00,4.2 Profit statementPrepared by：Guangdong Electric Power Development Co.,Ltd.,January-March 2012,Unit：（RMB）,Report periodConsolidated Parent company,Same period of the previous yearConsolidated Parent company,I.Total operating incomeIncluding：Operating income,3,933,102,585.003,903,204,669.00,819,154,778.00808,458,372.00,2,764,782,132.002,745,587,546.00,749,893,517.00739,143,827.00,Interest incomeInsurance gainedCommission charge andcommission income,II.Total operating costtIncluding：Operating cost,3,890,504,772.003,531,864,514.00,857,657,992.00722,594,258.00,2,863,449,903.002,572,999,423.00,774,251,840.00658,547,744.00,Interest expenseCommission chare andcommission expenseCash surrender valueNet amount of expense ofcompensationNet amount of withdrawal ofinsurance contract reserveBonus expense of guarantee slipReinsurance expense,Operating tax and extrasSales expensesAdministration expensesFinancial expenses,11,733,929.00253,776.00115,092,310.00221,270,745.00,3,823,458.00163,291.0033,690,399.0092,449,880.00,12,439,251.00147,360.00118,958,722.00150,080,837.00,3,823,721.00107,000.0035,866,986.0071,132,078.00,Losses of devaluation of assetsAdd：Changing income of fairvalue,Investment income,51,742,791.00,56,885,516.00,82,631,869.00,82,631,869.00,7,Items,广东电力发展股份有限公司 2012 年第一季度季度报告全文Including：Investment inco