Guangdong Electric Power Development Co., Ltd.
The First Quarterly Report 2015
April 2015
1 Important Notice
The Board of Directors ,Supervisory Committee, all 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. Mr.Pan Li, The Company leader, Mrs. Li Xiaoqing, Chief financial officer and the Mr.Qin Jingdong, 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 Quarterly Report .
Other directors attended the meeting on examining the Annual except for the following directors.
|||||
|-|-|-|-|
|Name absent||||
||Title|Reason of absence|Name of entrusted|
|director||||
|Hong Rongkun|Director|Due to business|Gao Shiqiang|
|Zhong Weimin|Director|Due to business|Li Mingliang|
|Zhang Xueqiu|Director|Due to business|Liu Tao|
|Lu Jun|Independent director|Due to business|Sha Qilin|

 English translation for reference only. Should there be any inconsistency between the Chinese and English versions, the Chinese version shall prevail.
II. Main financial data and changes of shareholders
（1）Main financial data
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not.
□Yes√ No
Unit：RMB
|||||
|-|-|-|-|
||||Increase /decrease|
||January-March 2015|January-March 2014||
||||（％）|
|Operating income（RMB）|6,068,031,708.00|7,010,362,960.00|-13.44%|
|Net profit attributable to the shareholders of the listed|758,001,796.00|||
|||587,768,536.00|28.96%|
|company（RMB）||||
|Net profit after deducting of non-recurring gain/loss||||
|attributable to the shareholders of listed company|627,568,982.00|595,370,329.00|5.41%|
|（RMB）||||
|Cash flow generated by business operation, net|2,652,328,931.00|||
|||2,469,169,296.00|7.42%|
|（RMB）||||
|Basic earning per share(RMB/Share)|0.17|0.13|30.77%|
|Diluted gains per share(RMB/Share)(RMB/Share)|0.17|0.13|30.77%|
|Weighted average return on equity（%）|3.49%|3.08%|0.41%|
||||Increase /decrease|
||March 31, 2015|December 31 ,2014||
||||（％）|
|Gross assets（RMB）|70,373,973,554.00|69,084,825,852.00|1.87%|
|Net profit attributable to the shareholders of the listed|22,141,499,239.00|||
|||21,310,054,597.00|3.90%|
|company（RMB）||||

Items of non-current gains and losses
√ applicable□ not applicable
Unit：RMB
||||
|-|-|-|
||Amount||
||(Year-beginning to||
|Non-recurring gain and loss items||Notes（If applicable）|
||the end of the report||
||period.)||
|||Guangdong Yudean oil|
|Non-current asset disposal gain/loss(including the write-off part for which assets|||
|||shale Power|
||129,949,622.00||
|impairment provision is made)||Generation Co. Ltd.|
|||liquidation,received|

||||
|-|-|-|
|||equity disposal income|
|||about 0.13 billion.|
|Government subsidy recognized in current gain and loss(excluding those closely|||
||841,250.00||
|related to the Company’s business and granted under the state’s policies)|||
|Other non-business income and expenditures other than the above|-28,154.00||
|Influenced amount of income tax|172,425.00||
|Influenced amount of minor shareholders’ equity（After tax ）|157,479.00||
|Total|130,432,814.00|--|

(2) Total number of shareholders at the end of report period and Particular about shares held by top ten shareholders
Unit：Shares
|||||||||
|-|-|-|-|-|-|-|-|
|Total number of shareholders at the||||||||
||117,473|||||||
|end of report period||||||||
|Particular about shares held by top ten shareholders||||||||
||||||Amount of|Pledging or freezing||
||||Share||tradable shares|||
|||Properties of||||||
|Shareholder name|||proporti|Quantity|with|Status of||
|||shareholder|||||Quantity|
||||on %||Conditional|the shares||
||||||held|||
|Guangdong Yudean Group Co., Ltd.||State-owned legalperson|67.39%|2,948,337,737|1,577,865,257|||
|Shenzhen Guangfa Electric PowerInvestment Co., Ltd.||State-owned legalperson|2.33%|101,777,185||||
|Guangdong Electric Power DevelopmentCompany||State-owned legalperson|1.80%|78,639,451||||
|GOLDEN CHINA MASTER FUND||Overseas legalperson|0.62%|26,994,217||||
|NORGES BANK||Overseas legalperson|0.53%|23,109,115||||
|GREENWOODS CHINA ALPHAMASTER FUND||Overseas legalperson|0.39%|16,865,738||||
|China Construction Bank－Penghua ValueAdvantage Stock-linkedSecurity Investment Fund||Domestic nonState-ownedLegal person|0.38%|16,610,554||||
|The national social security fund 102combinations||Domestic nonState-owned|0.37%|15,999,783||||

||||||||
|-|-|-|-|-|-|-|
||Legal person||||||
|BBH A/C VANGUARD EMERGINGMARKETS STOCK INDEX FUND|Overseas legalperson|0.30%||13,330,537|||
|CHINA INT'L CAPITAL CORP HONGKONG SECURITIES LTD|Overseas legalperson|0.24%||10,648,243|||
|Shareholding of top 10 shareholders of unrestricted shares|||||||
||||Quantity of unrestricted shares||Share type||
|Name of the shareholder|||held at the end of the reporting||||
||||||Share type|Quantity|
||||period||||
|Guangdong Yudean Group Co., Ltd.|||1,370,472,480||RMB Common||
||||||shares||
|Shenzhen Guangfa Electric Power Investment Co., Ltd.|||101,777,185||RMB Common||
||||||shares||
|Guangdong Electric Power Development Company|||78,639,451||RMB Common||
||||||shares||
|GOLDEN CHINA MASTER FUND|||26,994,217||Foreign shares||
||||||placed in domestic||
||||||exchange||
|NORGES BANK|||23,109,115||Foreign shares||
||||||placed in domestic||
||||||exchange||
|GREENWOODS CHINA ALPHA MASTER FUND|||16,865,738||Foreign shares||
||||||placed in domestic||
||||||exchange||
|China Construction Bank－Penghua Value Advantage Stock-linkedSecurity Investment Fund|||16,610,554||RMB Common||
||||||shares||
|The national social security fund 102 combinations|||15,999,783||RMB Common||
||||||shares||
|BBH A/C VANGUARD EMERGING MARKETS STOCK INDEXFUND|||13,330,537||Foreign shares||
||||||placed in domestic||
||||||exchange||
|CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD|||10,648,243||Foreign shares||
||||||placed in domestic||
||||||exchange||
||||Guangdong Electric Power Development Co., Ltd. the Third||||
|Explanation on associated relationship among the aforesaid|||of the top 10 shareholders, is a subsidiary of Yudean Group,||||
|shareholders|||Which is the No.3 shareholder; its is unknown whether||||
||||relationship exists between other shareholders.||||

III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason. (1).Net profit increased by28.96% year on year mainly due to fall of fuel price and investment income increased.
II．The commitments of the Company and its shareholders holding over5% of theCompany’s total shares in the report year of extending to the report year from previous year.
|||||||
|-|-|-|-|-|-|
|||||Period||
||Commitment||Time of making|of||
|Commitment||Contents|||Fulfillment|
||maker||commitment|comm||
|||||itment||
|Commitment on share||||||
|reform||||||
|Commitment in the||||||
|acquisition report or||||||
|the report on equity||||||
|changes||||||
||Guangdong|Yue Dian Li is the only quoted platform of Yudean|November 3,|Withi||
||Yudean Group|Group’s electricity asset integration within the|2011|n 5 y||
||Co., Ltd.|boundary. ② Except Yue Dian Li and the||ears a||
|||electricity assets controlled by it, within 5 years||fter th||
|||after the last recombination is done, Yudean Group||e com||
|||will pump the assets which meet the conditions of||pletio||
|||launching after reformation into Yue Dian Li||n of||
|||gradually through purchasing and recombination||major||
|||and other ways, according to the situation of||asset||
|||solutions to different problems, e.g. the imperfect||reorg||
|Commitment made||||||
|||examination and approval procedures, the situation||anizat|Under|
|upon the assets||||||
|||of profitability, cooperation agreement and land||ion|fulfillment|
|replacement||||||
|||utilization. ③ At the aspects of the development of||||
|||power project and assets purchasing, Yudean||||
|||Group provides the priority for Yue Dian Li||||
|||choose. If Yue Dian Li gives up development and||||
|||purchasing, Guangkong Group will join Yue Dian||||
|||Li under the situation that the project is completed||||
|||and put into production, and that the purchase is||||
|||done and the project meets the conditions of||||
|||listing.For details,||||
|||see June 5, 2014, published in the designated med||||

||||
|-|-|-|
|||ia "Announcement of Guangdong Electric Power D|
|||evelopment Co.,Ltd. matters related to commitme|
|||nts".|
|Commitments made|||
|upon issuance|||
|Other commitments|||
|made to minority|||
|shareholders|||
|Executed timely or|||
||Yes||
|not?|||

III．Prediction of Business performance for January- June 2015.
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
IV. Securities investment
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||||Number||||||||
||||||Shareho||Shareho|||||
|||||of||Number||||||
||||||lding||lding|Book||||
|||||shares||of||||||
||||||proporti||proporti|balance|Gain.|||
||||Initial|held at||shares||||||
||||||on at the||on at the|at the|loss of|||
|||Stock|investm|the||held at||||Account|Sauce|
|Security|Stock||||beginnin||end of|end of|the|||
|||Abbreviat|ent|beginnin||the end||||ing|of the|
|category|Code||||g of the||the|the|reportin|||
|||ion|cost(RM|g of the||of the||||items|shares|
||||||reportin||reportin|reportin|g period|||
||||B)|reportin||reportin||||||
||||||g||g|g period|(RMB)|||
|||||g||g period||||||
||||||period(||period(|(RMB)||||
|||||period(s||(shares)||||||
||||||%)||%)|||||
|||||hares)||||||||
||||15,890,62|||||112,812,0||Financial||
|||Shen||||||||||
||||8.00|||||00.00||assets a||
|Stock|000027|Energy||8,400,000|0.32%|8,400,000|0.32%||0.00||Initiated|
|||||||||||vailable f||
|||A||||||||||
|||||||||||or sale||
||||235,837,9|||||437,594,1||Finan||
||||87.50|||||30.00||cial||
|||SHENER||55,532,25||55,532,25|||||Transfere|
|Stock|600642||||1.22%||1.22%||0.00|||
|||||||||||assets||
|||GY||0||0|||||e|
|||||||||||avail||
|||||||||||able||

|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||||||||for||
|||||||||sale||
||251,728,6|63,932,25||63,932,25||550,406,1||||
|Total|||--||--||0.00|--|--|
||15.50|0||0||30.00||||

V. The registration form of acceptance of investigation, communication and interview in the report period for future reference
|||||||
|-|-|-|-|-|-|
|Date|Place|Mode||Visitor|Content of discussion and materials provided|
||||Type|||
|||||CITIC||
||||||The company's current production of operation|
||Office of the|Onsite||Securities and||
|January 28, 2015|||Organization||conditions and the situation of the construction|
||Company|investigation||other joint||
||||||and development projects|
|||||research||

IV.
Financial statement
一、 Financial statement
1. Consolidated Balance sheet
Preparedby：Guangdong Electric Power Development Co., Ltd. Unit：RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|5,013,216,149.00|4,548,277,314.00|
|Settlement provision|||
|Outgoing call loan|||
|Trading financial assets|||
|Bill receivable|||
|Account receivable|2,478,124,662.00|2,580,733,823.00|
|Prepayments|1,633,342,029.00|1,529,371,276.00|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts receivable|||
|Interest receivable|5,633,629.00|5,471,097.00|
|Dividend receivable|||
|Other account receivable|118,021,897.00|214,346,505.00|
|Repurchasing of financial assets|||
|Inventories|1,667,649,978.00|1,623,199,010.00|
|Non-current asset due in 1 year|||
|Other current asset|524,031,581.00|704,977,094.00|
|Total of current assets|11,440,019,925.00|11,206,376,119.00|
|Non-current assets：|||
|Loans and payment on other’s behalf disbursed|||
|Disposable financial asset|1,095,006,130.00|997,082,335.00|
|Expired investment in possess|||
|Long-term receivable|122,640,773.00|121,334,809.00|
|Long term share equity investment|6,331,303,349.00|6,604,709,646.00|
|Property investment|10,044,532.00|10,203,433.00|

||||
|-|-|-|
|Fixed assets|38,588,910,254.00|39,164,300,297.00|
|Construction in progress|7,871,987,361.00|6,349,045,387.00|
|Engineering material|78,940,123.00|6,791,093.00|
|Fixed asset disposal|17,863,084.00|1,493,296.00|
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|1,485,255,005.00|1,487,859,824.00|
|R & D petrol|||
|Goodwill|2,449,886.00|2,449,886.00|
|Long-germ expenses to be amortized|30,772,411.00|31,000,707.00|
|Differed income tax asset|60,234,316.00|60,234,315.00|
|Other non-current asset|3,238,546,405.00|3,041,944,705.00|
|Total of non-current assets|58,933,953,629.00|57,878,449,733.00|
|Total of assets|70,373,973,554.00|69,084,825,852.00|
|Current liabilities|||
|Short-term loans|6,589,000,000.00|5,721,000,000.00|
|Loan from Central Bank|||
|Deposit received and hold for others|||
|Call loan received|||
|Trade off financial liabilities|||
|Bill payable|360,479,246.00|321,711,616.00|
|Account payable|2,352,327,489.00|1,913,294,877.00|
|Advance payment|234,493.00|179,708.00|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|152,974,016.00|105,824,243.00|
|Tax payable|411,706,656.00|462,231,344.00|
|Interest payable|151,567,172.00|214,956,543.00|
|Dividend payable|7,918,730.00|7,918,730.00|
|Other account payable|2,220,320,494.00|2,577,102,293.00|
|Reinsurance fee payable|||
|Insurance contract provision|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||

||||
|-|-|-|
|Non-current liability due in 1 year|2,454,287,773.00|4,497,962,344.00|
|Other current liability|716,878,082.00|808,630,228.00|
|Total of current liability|15,417,694,151.00|16,630,811,926.00|
|Non-current liabilities：|||
|Long-term loan|22,124,916,646.00|20,614,916,646.00|
|Bond payable|1,195,315,119.00|1,195,076,905.00|
|Long-term payable|2,788,109,835.00|2,649,435,371.00|
|Long-term payable employees' remuneration|48,878,075.00|53,839,983.00|
|Special payable|16,048,105.00|16,192,269.00|
|Expected liabilities|||
|Differed income|95,829,361.00|98,197,020.00|
|Differed income tax liability|66,359,214.00|42,136,023.00|
|Other non-current liabilities|||
|Total non-current liabilities|26,335,456,355.00|24,669,794,217.00|
|Total of liability|41,753,150,506.00|41,300,606,143.00|
|Owners’ equity|||
|Share capital|4,375,236,655.00|4,375,236,655.00|
|Capital reserves|4,998,433,067.00|4,998,433,067.00|
|Less：Shares in stock|||
|Other Comprehensive Income|245,939,249.00|172,496,403.00|
|Special reserves|||
|Surplus reserves|4,810,903,365.00|4,810,903,365.00|
|Common risk provision|||
|Undistributed profit|7,710,986,903.00|6,952,985,107.00|
|Different of foreign currency translation|||
|Total of owner’s equity belong to the parent company|22,141,499,239.00|21,310,054,597.00|
|Minority shareholders’ equity|6,479,323,809.00|6,474,165,112.00|
|Total of owners’ equity|28,620,823,048.00|27,784,219,709.00|
|Total of liabilities and owners’ equity|70,373,973,554.00|69,084,825,852.00|

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the accountingorgan：Qin Jingdong 2. Balance sheet of the Parent Company Unit：RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|

||||
|-|-|-|
|Current asset：|||
|Monetary fund|462,193,635.00|468,233,799.00|
|Trading financial assets|||
|Bill receivable|||
|Account receivable|178,392,717.00|233,268,283.00|
|Prepayments|144,685,683.00|142,923,390.00|
|Interest receivable|1,518,274.00|1,786,468.00|
|Dividend receivable|||
|Other account receivable|408,789,192.00|360,853,242.00|
|Inventories|189,661,735.00|110,192,735.00|
|Non-current asset due in 1 year|||
|Other current asset||85,145,999.00|
|Total of current assets|1,385,241,236.00|1,402,403,916.00|
|Non-current assets：|||
|Disposable financial asset|1,095,006,130.00|997,082,335.00|
|Expired investment in possess|||
|Long-term receivable|400,000,000.00|550,000,000.00|
|Long term share equity investment|21,818,107,787.00|21,651,878,481.00|
|Property investment|10,044,533.00|10,203,433.00|
|Fixed assets|1,194,228,054.00|1,269,105,391.00|
|Construction in progress|86,973,610.00|43,403,794.00|
|Engineering material|||
|Fixed asset disposal|6,911,960.00||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|98,431,200.00|99,372,754.00|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|||
|Differed income tax asset|||
|Other non-current asset|90,000,000.00|90,000,000.00|
|Total of non-current assets|24,799,703,274.00|24,711,046,188.00|
|Total of assets|26,184,944,510.00|26,113,450,104.00|
|Current liabilities|||

||||
|-|-|-|
|Short-term loans|2,600,000,000.00|1,050,000,000.00|
|Trade off financial liabilities|||
|Bill payable|||
|Account payable|328,395,676.00|92,264,357.00|
|Advance payment|||
|Employees’ wage payable|25,636,606.00|25,676,736.00|
|Tax payable|29,999,295.00|46,543,086.00|
|Interest payable|19,414,758.00|141,345,087.00|
|Dividend payable|7,918,730.00|7,918,730.00|
|Other account payable|122,815,362.00|143,109,145.00|
|Non-current liability due in 1 year||1,999,548,864.00|
|Other current liability|411,880,822.00|507,146,666.00|
|Total of current liability|3,546,061,249.00|4,013,552,671.00|
|Non-current liabilities：|||
|Long-term loan|1,500,000,000.00|1,500,000,000.00|
|Bond payable|1,195,315,119.00|1,195,076,905.00|
|Long-term payable|||
|Long-term payable employees' remuneration|11,047,698.00|11,640,351.00|
|Special payable|11,297,686.00|11,297,686.00|
|Expected liabilities|||
|Differed income|43,198,463.00|43,105,866.00|
|Differed income tax liability|57,320,762.00|32,839,813.00|
|Other non-current liabilities|||
|Total of Non-current liabilities|2,818,179,728.00|2,793,960,621.00|
|Total of liability|6,364,240,977.00|6,807,513,292.00|
|Owners’ equity|||
|Share capital|4,375,236,655.00|4,375,236,655.00|
|Capital reserves|5,607,138,565.00|5,607,138,564.00|
|Less：Shares in stock|||
|Other Comprehensive Income|245,939,249.00|172,496,403.00|
|Special reserves|||
|Surplus reserves|4,810,903,365.00|4,810,903,365.00|
|Undistributed profit|4,781,485,699.00|4,340,161,825.00|
|Different of foreign currency translation|||

||||
|-|-|-|
|Total of owners’ equity|19,820,703,533.00|19,305,936,812.00|
|Total of liabilities and owners’ equity|26,184,944,510.00|26,113,450,104.00|

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the accountingorgan：Qin Jingdong 3.
Consolidated Profit statement Unit：RMB
||||
|-|-|-|
|||Same period of the|
|Items|Report period||
|||previous year|
|I. Income from the key business|6,068,031,708.00|7,010,362,960.00|
|Incl：Business income|6,068,031,708.00|7,010,362,960.00|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|5,087,326,563.00|6,004,797,388.00|
|Incl：Business cost|4,474,855,779.00|5,363,797,897.00|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Insurance policy dividend paid|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|40,776,196.00|34,399,075.00|
|Sales expense|458,135.00|626,481.00|
|Administrative expense|155,667,663.00|164,605,460.00|
|Financial expenses|415,568,790.00|441,368,475.00|
|Asset impairment loss|||
|Add：Gains from change of fir value （“-”for loss）|||
|Investment gain（“-”for loss）|300,897,296.00|139,437,444.00|
|Incl: investment gains from affiliates|||
|Gains from currency exchange（“-”for loss）|||
|III. Operational profit（“-”for loss|1,281,602,441.00|1,145,003,016.00|
|Add：Non-business income|14,795,617.00|8,248,915.00|
|Less：Non business expenses|407,451.00|23,550,535.00|
|Incl：Loss from disposal of non-current assets|||

||||
|-|-|-|
|IV.Total profit(“-”for loss)|1,295,990,607.00|1,129,701,396.00|
|Less：Income tax expenses|245,424,599.00|262,158,300.00|
|V. Net profit（“-”for net loss|1,050,566,008.00|867,543,096.00|
|Including: Net profit realized by the entity taken over before|||
|the takeover|||
|Net profit attributable to the owners of parent company|758,001,796.00|587,768,536.00|
|Minority shareholders’ equity|292,564,212.00|279,774,560.00|
|VI. Earnings per share：|||
|（I）Basic earnings per share|0.17|0.13|
|(II)Diluted earnings per share|0.17|0.13|
|VII. Other comprehensive income|73,442,846.00|-4,280,394.00|
|VIII. Total comprehensive income|1,124,008,854.00|863,262,702.00|
|Total comprehensive income attributable to the owner of the|||
||831,444,642.00|583,488,142.00|
|parent company|||
|Total comprehensive income attributable minority shareholders|292,564,212.00|279,774,560.00|

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the accountingorgan：Qin Jingdong 4.
Profit statement of the
Parent Company Unit：RMB
||||
|-|-|-|
|||Same period of the|
|Items|Report period||
|||previous year|
|I. Income from the key business|459,873,379.00|529,056,568.00|
|Incl：Business cost|344,872,267.00|432,035,056.00|
|Business tax and surcharge|4,259,681.00|4,293,676.00|
|Sales expense||14,200.00|
|Administrative expense|27,368,106.00|32,752,232.00|
|Financial expenses|84,020,004.00|97,832,514.00|
|Asset impairment loss|||
|Add：Gains from change of fir value （“-”for loss）|||
|Investment gain（“-”for loss）|443,923,604.00|371,698,035.00|
|Incl: investment gains from affiliates|||
|II. Operational profit（“-”for loss|443,276,925.00|333,826,926.00|
|Add：Non-business income|12,837.00|1,565,325.00|
|Less：Non business expenses||3,404,561.00|
|Incl：Loss from disposal of non-current assets|||
|III.Total profit(“-”for loss)|443,289,762.00|331,987,690.00|

||||
|-|-|-|
|Less：Income tax expenses|1,965,888.00|1.00|
|IV. Net profit（“-”for net loss）|441,323,874.00|331,987,689.00|
|V. Earnings per share：|||
|（I）Basic earnings per share|||
|(II)Diluted earnings per share|||
|VI. Other comprehensive income|73,442,846.00|-4,280,394.00|
|VII. Total comprehensive income|514,766,720.00|327,707,295.00|

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the accountingorgan：Qin Jingdong 5.
Consolidated Cash flow statement
Unit：RMB
||||
|-|-|-|
|||Same period of the|
|Items|Report period||
|||previous year|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or rending of services|7,245,394,694.00|8,208,649,887.00|
|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 trade financial asset disposal|||
|Cash received as interest, processing fee and commission|||
|Net increase of inter-bank fund received|||
|Net increase of repurchasing business|||
|Tax returned|598,754.00|4,648,445.00|
|Other cash received from business operation|54,031,576.00|69,733,058.00|
|Sub-total of cash inflow|7,300,025,024.00|8,283,031,390.00|
|Cash paid for purchasing of merchandise and services|3,427,281,465.00|4,513,963,997.00|
|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|385,764,297.00|373,861,475.00|
|Taxes paid|715,627,949.00|786,487,279.00|
|Other cash paid for business activities|119,022,382.00|139,549,343.00|
|Sub-total of cash outflow from business activities|4,647,696,093.00|5,813,862,094.00|
|Cash flow generated by business operation, net|2,652,328,931.00|2,469,169,296.00|
|II.Cash flow generated by investing|||
|Cash received from investment retrieving||95,000,000.00|
|Cash received as investment gains||1,197,000.00|
|Net cash retrieved from disposal of fixed assets, intangible|||
||72,000.00||
|assets, and other long-term assets|||
|Net cash received from disposal of subsidiaries or other|||
||187,452,822.00||
|operational units|||
|Net cash received from disposal of subsidiaries or other|||
||52,028,777.00||
|operational units|||
|Sub-total of cash inflow due to investment activities|239,553,599.00|96,197,000.00|
|Cash paid for construction of fixed assets, intangible assets and|||
||1,111,644,626.00|880,197,911.00|
|other long-term assets|||
|Cash paid as investment||12,786,100.00|
|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 investment activities|1,111,644,626.00|892,984,011.00|
|Net cash flow generated by investment|-872,091,027.00|-796,787,011.00|
|III.Cash flow generated by financing|||
|Cash received as investment||30,000,000.00|
|Incl: Cash received as investment from minor shareholders|||
|Cash received as loans|5,492,600,000.00|6,534,085,552.00|
|Cash received from bond placing|||
|Other financing –related ash received|4,990,000.00||
|Sub-total of cash inflow from financing activities|5,497,590,000.00|6,564,085,552.00|
|Cash to repay debts|5,950,980,347.00|7,896,890,579.00|
|Cash paid as dividend, profit, or interests|819,487,417.00|653,637,307.00|
|Incl: Dividend and profit paid by subsidiaries to minor|||
|shareholders|||
|Other cash paid for financing activities|42,421,305.00|451,524.00|

||||
|-|-|-|
|Sub-total of cash outflow due to financing activities|6,812,889,069.00|8,550,979,410.00|
|Net cash flow generated by financing|-1,315,299,069.00|-1,986,893,858.00|
|IV. Influence of exchange rate alternation on cash and cash|||
|equivalents|||
|V.Net increase of cash and cash equivalents|464,938,835.00|-314,511,573.00|
|Add: balance of cash and cash equivalents at the beginning of|||
||4,548,277,314.00|4,377,311,176.00|
|term|||
|VI.Balance of cash and cash equivalents at the end of term|5,013,216,149.00|4,062,799,603.00|

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the accountingorgan：Qin Jingdong 6.
Cash flow statement of the
Parent Company
Unit：RMB
||||
|-|-|-|
|||Same period of the|
|Items|Report period||
|||previous year|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or rending of services|597,584,728.00|615,900,936.00|
|Tax returned|132,753.00||
|Other cash received from business operation|6,943,410.00|9,405,959.00|
|Sub-total of cash inflow|604,660,891.00|625,306,895.00|
|Cash paid for purchasing of merchandise and services|134,424,763.00|106,827,393.00|
|Cash paid to staffs or paid for staffs|78,084,538.00|86,813,682.00|
|Taxes paid|66,715,695.00|48,958,620.00|
|Other cash paid for business activities|12,503,020.00|18,597,782.00|
|Sub-total of cash outflow from business activities|291,728,016.00|261,197,477.00|
|Cash flow generated by business operation, net|312,932,875.00|364,109,418.00|
|II.Cash flow generated by investing|||
|Cash received from investment retrieving|519,600,000.00|345,000,000.00|
|Cash received as investment gains|206,724,177.00|6,130,400.00|
|Net cash retrieved from disposal of fixed assets, intangible|||
|assets, and other long-term assets|||
|Net cash received from disposal of subsidiaries or other|||
||187,452,822.00||
|operational units|||
|Other cash receivable for investment activities|||
|Sub-total of cash inflow due to investment activities|913,776,999.00|351,130,400.00|
|Cash paid for construction of fixed assets, intangible assets and|||
||28,880,634.00|41,248,413.00|
|other long-term assets|||

||||
|-|-|-|
|Cash paid as investment|450,000,000.00|112,706,100.00|
|Net cash received from subsidiaries and other operational units|||
|Other cash paid for investment activities|||
|Sub-total of cash outflow due to investment activities|478,880,634.00|153,954,513.00|
|Net cash flow generated by investment|434,896,365.00|197,175,887.00|
|III.Cash flow generated by financing|||
|Cash received as loans|||
|Cash received from bond placing|2,100,000,000.00|950,000,000.00|
|Other financing –related ash received|||
|Sub-total of cash inflow from financing activities|||
|Cash to repay debts|2,100,000,000.00|950,000,000.00|
|Cash paid as dividend, profit, or interests|2,649,999,300.00|1,360,000,000.00|
|Other cash paid for financing activities|203,655,357.00|245,727,053.00|
|Sub-total of cash outflow due to financing activities|214,747.00|314,742.00|
|Net cash flow generated by financing|2,853,869,404.00|1,606,041,795.00|
|IV. Influence of exchange rate alternation on cash and cash|||
||-753,869,404.00|-656,041,795.00|
|equivalents|||
|V.Net increase of cash and cash equivalents|||
|Add: balance of cash and cash equivalents at the beginning of|||
||-6,040,164.00|-94,756,490.00|
|term|||
|VI.Balance of cash and cash equivalents at the end of term|468,233,799.00|296,476,854.00|
||462,193,635.00|201,720,364.00|

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the accountingorgan：Qin Jingdong二、 Auditor's report
If the interim report is audited
□Yes√ No