粤电力Ｂ：第三季度报告全文（英文版） .ppt

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1、-,-,-,-,Guangdong Electric Power Development Co.,Ltd.The Third Quarterly Report 2010I 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 omission

2、s 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 absentdirectorPan LiWu BinWu XuYang Zhishan,TitleBoard chairman

3、DirectorDirectorIndependentDirector,Due to businessDue to businessDue to businessDue to business,Reason of absence,Name of entrustedLiu QianZhang YaoSha QilinSha Qilin,1.3 The Third quarterly financial report of the Company is not audited.1.4 Chairman of the Board of Directors,Pan Li,General Manager

4、,Lin Shizhuang,Financial Deputy GeneralManager and Financial Principal,Li Xiaoqing represent and warrant the financial and accounting report inthe Quarterly report is true and complete.English translation for reference only.Should there be anyinconsistency between the Chinese and English versions,th

5、e Chinese version shall prevail.2 Basic Information2.1 Highlights of Accounting Data and Financial IndicatorsUnit：RMB,2010.9.30,2009.12.31,Increase/decrease（）,Total assets（RMB）,34,068,294,769.00,30,163,552,152.00,12.95%,Owners equity attributable to,shareholders of the listed company,10,089,406,821.

6、00,9,271,838,984.00,8.82%,（RMB）,Stock capital（shares）,2,797,451,138.00,2,659,404,000.00,5.19%,Net assets per share attributable to,shareholders of the listed company,3.61,3.49,3.44%,（yuan/shares）,Increase/decrease in,Increase/decrease in,the report periodJuly-September 2010 compared with thesame per

7、iod of thelast year(%),January-September2010,the report periodcompared with thesame period of thelast year(%),Total turnover(RMB)Net profit attributable to owners of parentcompany(RMB)Net cash flow arising from operatingactivities(RMB)Net cash flow per share arising fromoperating activities(RMB/shar

8、e)Basic earnings per share(RMB/share)Diluted earnings per share(RMB/share)Weighted average return on equity（%）Weighted average return on equity afterdeducting non-recurring gains and losses,3,413,683,082.00243,577,572.000.090.092.45%2.32%,-5.14%-51.67%-52.63%-52.63%-2.91%-3.14%,9,664,694,482.00674,0

9、90,856.001,567,948,794.000.560.250.256.55%6.32%,8.97%-22.50%-59.57%-55.20%-24.24%-24.24%-2.71%-3.14%,1,Notes,-,（%）,Items of non-current gains and lossesGovernment subsidies accounted into current gain/loss account,otherthan those closely related to the Companys common business,comply with the nation

10、al policy and continues to enjoy at certainfixed rate or amount.Income of commission loansOther non-current income and expenses besides the above itemsSwitched back of impairment provision of account receivable thatperformed impairment testing independently.Influenced amount of minority shareholders

11、 equityInfluenced amount of income taxTotal,Year begin to end of report period5,049,505.0017,836,359.009,219,515.001,838,934.00-1,457,455.00-8,012,702.0024,474,156.00,2.2 Total number of shareholders in the end of the report period and shares held by the top ten shareholders withunrestricted conditi

12、onsUnit：shares,Total number of shareholders at the end of reportperiodShare held by the top ten shareholders with unrestricted conditions,142,383,Name of the shareholder,Number of Unconditional shares held atthe period-end,Type of shares,Guangdong Yudean Group Co.,Ltd.Shenzhen Guangfa Electric Power

13、 InvestmentCo.,Ltd.Guangdong Electric Power DevelopmentCompany106 Portfolio of National Social Security FundGuangdong Guangkong Group Co.,Ltd.Boshi Increase securities Investment FundBank of China-Efunds SZSE 100 open-endedindex security Investment Fund,1,232,256,158 RMB common shares101,777,185 RMB

14、 common shares78,639,451 RMB common shares26,861,754 RMB common shares23,610,428 RMB common shares15,372,429 RMB common shares12,594,375 RMB common shares,Natio Securities Co.,Ltd.,12,028,442,Foreign shares placed in domesticexchange,Bank of ChinaJiashi Growth Fixed-incomeSecurities Investment FundB

15、ank of ChinaJiashi Listed open-endedSecurities Investment Fund2.3 Bond holding by top 10 corporate bond holders,12,000,559 RMB common shares11,999,529 RMB common shares,HolderChina Pacific Life Insurance Co.,Ltd.UniversalUniversal insurance GroupChina Life insurance Co.,LtdXinhua Life insurance Co.,

16、ltd.UniversalDeyi Management-018L-WN001ShenZhongying Life insurance Co.,ltd.China Post Office Saving Bank Co.,Ltd.China Ping An Life Insurance Co.,Ltd.,Number2,450,0002,388,1402,200,0002,114,7752,000,0001,600,000,2,Zhongyou Financial Co.,Ltd,1,336,678,Taikang Life insurance Co.,Dividends-019L-FH001S

17、hen,Ltd Dividend,Distribution Group,1,000,000,Taikang Life insurance Co.,LtdUniversal-UniversalinsuranceChina Ping An Insurance(Group)Co.,Ltd.,individual,1,000,000800,000,2.4 The power output and ongrid electricity volume of the controlled subsidiaries of the Company,IndexShajiao Power Plant AZhangj

18、iang Power plant,Year begin toend of report6.3435.722,Period of thelast year5.3544.984,Increase（%）18.47%14.81%,Poweroutput(Billion kwh)OngridElectric,Guangdong Yuejia Power Co.,Ltd.Guangdong Shaoguan Yuejiang Power Co.,Ltd.Maoming ZhennengThermoelectric.Co.,LtdGuangdong Yudean Jinghai Power Co.,Ltd.

19、Guangdong Yudean Zhanjiang Wind power Co.,Ltd.Shajiao Power Plant AZhangjiang Power plantGuangdong Yuejia Power Co.,Ltd.,1.8392.4982.6114.8710.0695.8775.3901.678,2.0352.3962.2084.6274.9254.6401.853,-6.98%4.26%18.25%5.27%19.33%16.16%-9.44%,ity,Guangdong Shaoguan,Yuejiang Power Co.,Ltd.,2.259,2.161,4.

20、53%,volume(billionkwh),Maoming ZhennengThermoelectric.Co.,LtdGuangdong Yudean Jinghai Power Co.,Ltd.Guangdong Yudean Zhanjiang Wind power Co.,Ltd.,2.40645.750.066,2.0204.346,19.11%5.27%,3 Significant Events3.1 Particular about large-margin change of main accounting statement item and financial index

21、 and its reason.applicable not applicable1.The net profit for the report period in the consolidated statements decreased by 51.67%mainly due to rise in coal price and sharpincrease of operating cost.2.The net cash flow from operating activities in consolidated statements decreased by 59.57%year on y

22、ear mainly due to increase ofpayment for fuel purchase caused by rise in fuel price.3.2 The progress of significant events and influence,as well as the analysis and explanation on resolving proposal.applicable not applicable3,3.2.1 Non-standard Opinionapplicable not applicable3.2.2 The Company provi

23、ded 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 Other applicable not applicableThe Company annou

24、nced the Preplan for Significant Asset Reorganization on July 29,2010 and planned to acquire 60%equity ofShenzhen Guangqian Power Co.,Ltd.,35%equity of Guangdong Huizhou Natural gas Power Generation Co.,Ltd.,40%equity ofGuangdong Yudean Shibeishan Wind Power Development Co.,Ltd,90%equity of Guangdon

25、g Yudean Yunfu Power Generation Co.,Ltd.,45%equity of Guangdong Huizhou Pinghai Power Generation Co.,Ltd,90%equity of Guangdong Yudean Yunhe PowerGeneration Co.,Ltd.and 20%equity of Guangdong Guohua Yudean Taishan Power Generation Co.,Ltd.held by Guangdong YudeanGroup Co.,Ltd.,the controlling shareh

26、older of the Company.At present,the work of audit,appraisal and profit estimate examinationrelated to this significant asset reorganization is being handled.After the completion of the above-mentioned work,the Company gothrough corresponding procedure in respect of this significant asset reorganizat

27、ion according to the provisions of relevant laws andregulations.3.3 The fulfillment of the commitment made by the Company,shareholders and the actual controller applicable not applicable,Items of commitmentsPromise in share holding structurereform,PromiseeN/A,N/A,Content of commitments,Implementatio

28、nN/A,Commitments made in Acquisition,Report or Reports on Change in,N/A,N/A,N/A,interests,Commitments made in Materialassets ReorganizationCommitments made in issuing,N/AN/A,N/AN/A,N/AN/A,According to“Announcement on the Increase inShareholding by Controlling Shareholders and theirPersons Action in

29、Concert”(Announcement,Other commitments（Including:supplementary commitments）,GuangdongYudean GroupCo.,Ltd.,No.:2008-46）of our company on September 19,2008,Yudean Group and its persons action inconcert promise that our stocks held by them will,Under fulfillment,not be reduced during the increasing in

30、shareholding plan and legal term.4,3.4 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 applic

31、able3.5 Other significant events need to be explained3.5.1 Stock investmentapplicable not applicable3.5.2 Reception of investigations,communications,or interviews company held in the report period.,DateMarch 5,2010March 18,2010March 31,2010April 2,2010,PlaceOffice of theCompanyOffice of theCompanyOf

32、fice of theCompanyOffice of theCompany,ModeOnsite investigationOnsite investigationOnsite investigationOnsite investigation,VisitorClients of ZhongjinCompanyIndustrial SecuritiesXinda SecuritiesZhongjin Company,Content of discussion and materialsprovidedCurrent status of production andmanagement of

33、the companyCurrent status of production andmanagement of the companyCurrent status of production andmanagement of the companyCurrent status of production andmanagement of the company,April 8,2010,Office of theCompany,Onsite investigation,CITIC Securities and Current status of production andIts clien

34、ts management of the company,May 18,2010June 11,2010,Office of theCompanyShenzhen,Onsite investigationParticipate in meeting,United SecuritiesInvestor and Analyst,Current status of production andmanagement of the companyCurrent status of production andmanagement of the company,July 29,2010,Office of

35、 theCompany,Onsite investigation,CITIC Securities and Current status of production andIts clients management of the company,3.6 Particulars about derivatives investmentapplicable not applicable3.6.1 Particulars about the positions of derivatives investment at the end of report period.applicable not

36、applicable4 Appendix4.1 Balance sheetPrepared by：Guangdong Electric Power Development Co.,Ltd.September 30,2010 Unit：RMB,Items,Year-end balance,Year-beginning balance,Consolidated,Parent company,Consolidated,Parent company,Current asset：,Monetary fund,2,684,055,962.00,887,105,931.00,1,738,834,186.00

37、,287,691,522.00,5,Settlement provisionOutgoing call loanTrading financial assetsBill receivable,Account receivablePrepayments,2,348,294,688.001,327,962,071.00,479,503,921.00178,417,760.00,1,328,275,383.00795,193,073.00,361,710,774.00178,040,453.00,Insurance receivableReinsurance receivableProvisions

38、 of Reinsurancecontracts receivable,Interest receivableDividend receivable,126,250.00,9,155,096.00,786,250.00,9,155,096.00,Other account receivable,589,582,719.00,543,226,032.00,561,044,511.00,546,865,973.00,Repurchasing offinancial assets,Inventories,728,163,473.00,188,305,663.00,736,134,391.00,179

39、,038,694.00,Non-current asset due in 1yearOther current asset,Total of current assets,7,678,185,163.00,2,285,714,403.00,5,160,267,794.00,1,562,502,512.00,Non-current assets：Loans and payment onothers behalf disbursed,Disposable financial asset,373,595,010.00,373,595,010.00,516,224,670.00,516,224,670

40、.00,Expired investment inpossess,Long-term receivableLong term share equityinvestmentProperty investmentFixed assetsConstruction in progress,20,616,378.005,179,767,466.0012,902,004.0011,360,558,768.007,601,361,573.00,20,616,378.0011,624,086,897.0012,902,004.001,265,152,728.0019,020,153.00,20,619,671

41、.004,624,042,593.0013,376,477.0012,021,342,945.005,295,247,439.00,20,619,671.0010,473,349,226.0013,376,477.001,375,315,512.0045,469,174.00,Engineering materialFixed asset disposalProduction physical assetsGas&petrol,1,220,135,583.0022,439,202.00,811,446.00,1,938,313,797.00,Intangible assets,474,342,

42、183.00,112,190,893.00,373,775,735.00,114,799,984.00,R&D petrolGoodwillLong-germ expenses to beamortized,Differed income tax assetOther non-current asset,124,391,439.00,200,341,031.00,Total of non-current assets,26,390,109,606.00,13,428,375,509.00,25,003,284,358.00,12,559,154,714.00,6,Total of assets

43、,34,068,294,769.00,15,714,089,912.00,30,163,552,152.00,14,121,657,226.00,Current liabilities,Short-term loans,7,950,500,000.00,3,520,000,000.00,3,816,991,742.00,2,550,000,000.00,Loan from Central BankDeposit received and holdfor othersCall loan receivedTrade off financial liabilities,Bill payable,39

44、3,073,573.00,2,261,920,109.00,432,686,450.00,Account payableAdvance payment,1,953,719,839.001,168,680.00,438,098,820.00,1,010,215,163.00185,003.00,245,740,456.00,Selling of repurchasedfinancial assetsFees and commissionsreceivable,Employees wage payableTax payableInterest payableDividend payableOthe

45、r account payable,399,172,781.00-67,056,125.0081,876,368.0012,085,993.00751,196,041.00,111,913,646.0040,117,245.0072,426,861.007,156,326.00108,185,013.00,228,548,750.00189,248,629.0099,710,964.0012,589,226.00820,171,127.00,79,392,279.0095,941,976.0097,576,494.007,659,560.00113,088,577.00,Reinsurance

46、 fee payableInsurance contract provisionEntrusted trading ofsecuritiesEntrusted selling ofsecurities,Non-current liability due in1 yearOther current liability,150,870,000.00,309,220,000.00,Total of current liability,11,626,607,150.00,4,297,897,911.00,8,748,800,713.00,3,622,085,792.00,Non-current lia

47、bilities：,Long-term loan,6,788,680,000.00,7,305,340,000.00,Bond payable,1,988,064,266.00,1,988,064,266.00,1,986,037,444.00,1,986,037,444.00,Long-term payableSpecial payableExpected liabilities,600,000,000.00,Differed income taxliabilityOther non-current liabilitiesTotal of non-currentliabilitiesTota

48、l of liability,4,870,455.0028,153,847.009,409,768,568.0021,036,375,718.00,3,173,042.0026,153,847.002,017,391,155.006,315,289,066.00,38,862,020.0029,692,308.009,359,931,772.0018,108,732,485.00,38,830,457.0027,692,308.002,052,560,209.005,674,646,001.00,Owners equity,Share capital,2,797,451,138.00,2,79

49、7,451,138.00,2,659,404,000.00,2,659,404,000.00,7,Items,Capital reserves,1,899,794,395.00,1,832,925,039.00,1,334,874,325.00,1,268,004,970.00,Less：Shares in stockSpecial reserve,Surplus reserves,3,425,241,041.00,3,425,241,041.00,3,159,617,944.00,3,159,617,944.00,Common risk provision,Undistributed pro

50、fit,1,966,920,247.00,1,343,183,628.00,2,117,942,715.00,1,359,984,311.00,Different of foreign currencytranslation,Total of owners equity belong tothe parent companyMinor shareholders equityTotal of owners equityTotal of liabilities and ownersequity,10,089,406,821.002,942,512,230.0013,031,919,051.0034