GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD. The Semi-annual Report 2015
August 2015
I. Important Notice, Table of Contents and Definitions
The Board of Directors , Supervisory Committee ,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. Board chairman Li Zhuoxian, Director Zhong Weimin, Director Hong Rongkun ,Director Gao Shiqiang, Director Kong Huitian, Director Li Mingliang,Director Yang Xinli, Director General Manager Yao Jiheng, Director Hu Xiaolei, Independent director Zhang Hua, Independent director Sha Qilin, Independent Director Mao Fugen and Independent director Lu Jun attended this meeting. Director Zhang Xueqiu Authorized Independent Director Lu Jun, Independent director Liu Tao authorized Independent director Sha Qilin, Independent director Ding Yougang Authorized Independent Director Mao Fugen attend the meeting and exercise voting right on their behalf.
The Company Will not distribute cash dividend or bonus shares, neither capitalizing of common reserves for the report period.
Mr.Li Zhuoxian, The Company leader, Mr. 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 Semi-annual report.
This semi-annual report has been prepared in both Chinese and English. In case of any discrepancy, the Chinese version shall prevail. This semi-annual report involves the forecasting description such as the future plans, and does not constitute the actual commitments of the company to the investors. The investors should pay attention to the investment risks.
Table of Contents
2015 Semi- Annual Report
I.Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Data and Financial Indicators
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Situation of the Preferred Shares
VIII.Information about Directors, Supervisors and Senior Executives
IX. Financial Report
X. Documents available for inspection
Definition
||||
|-|-|-|
|Terms to be defined|Refers to|Definition|
|Yudean Group|Refers to|Guangdong Yudean Group Co., Ltd.|
|Zhanjiang Company|Refers to|Zhanjiang Electric Power Co., Ltd.|
|Yuejia Company|Refers to|Guangdong Yuejia Electric Power Co., Ltd.|
|Yuejiang Company|Refers to|Guangdong Shaoguan Yuejiang Power Generation Co., Ltd.|
|Zhenneng Company|Refers to|Maoming Zhenneng Thermal Power Co., Ltd.|
|Jinghai Company|Refers to|Guangdong Yudean Jinghai Power Co., Ltd.|
|Zhanjiang Wind Power Company|Refers to|Guangdong Yudean Zhanjiang Wind Power Co., Ltd.|
|Zhongyue Compamy|Refers to|Zhanjiang Zhongyue Energy Co., Ltd.|
|Bohe Company|Refers to|Guangdong Yudean Bohe Coal & Electricity Co., Ltd|
|Guangqian Company|Refers to|Shenzhen Guangqian Electric Power Co., Ltd.|
|Huihou Natural Gas Company|Refers to|Guangdong Huizhou Natural Gas Power Co., Ltd.|
|Shibeishan Wind Power Company|Refers to|Guangdong Shibeishan Wind Power Development Co., ltd.|
|Red Bay Company|Refers to|Guangdong Red Bay Power Co., Ltd.|
|Pinghai Power Plant|Refers to|Guangdong Hluizhou Pinghai Power Co., Ltd.|
|Humen Power Company|Refers to|Guangdong Yudean Humen Power Co., Ltd.|
|Anxin Electric Inspection & Installation|||
||Refers to|Guangdong Yudean Anxin Electric Inspection & Installation Co., Ltd|
|Company|||
|Guohua Taishan|Refers to|Guangdong Guohua Yudean Taishan Power Generation Co., Ltd.|
|Yudean Industry Fuel Company|Refers to|Guangdong Power Industry Fuel Co., Ltd.|
|Huadu Natural Gas Company|Refers to|Guangdong Huadu Natural GasT Thermal Power Co., Ltd.|
|Dapu Company|Refers to|Guangdong Dapu Power Generation Co., Ltd.|
|Wind Power Company|Refers to|Guangdong Wind Power Co., Ltd.|
|Lincang Company|Refers to|Lincang Yuntou Yudean Hydroelectricity Development Co., Ltd.|
|Qujie Wind Power Company|Refers to|Guangzhou Yudean Qujie Wind Power Generation Co., Ltd.|

II.
Basic Information of the Company
1.Company information
|||||
|-|-|-|-|
|Stock abbreviation|Yue Dian Li A, Yue Dian Li B|Stock code：|000539、200539|
|Stock exchange for listing：|Shenzhen Stock Exchange|||
|Name in Chinese|广东电力发展股份有限公司|||
|Abbreviation of Registered||||
|Company Name in Chinese(If|粤电力|||
|any)||||
|English name (If any)|GUANGDONG ELECTRIC POWER DEVELOPMENT CO.,LTD|||
|English abbreviation (If any)|GED|||
|Legal Representative|Li Zhuoxian|||

2. Contact person and contact manner
||||
|-|-|-|
||Board secretary|Securities affairs Representative|
|Name|Liu Wei|Zhang Shaomin|
||26/F, South Tower, Yudean Plaza, No.2|26/F, South Tower, Yudean Plaza, No.2|
|Contact address|Tianhe Road East, Guangzhou,Guangdong|Tianhe Road East, Guangzhou,Guangdong|
||Province|Province|
|Tel|(020)87570276|(020)87570251|
|Fax|(020)85138084|(020)85138084|
|E-mail|liuw@ged.com.cn|zhangsm@ged.com.cn|

3. Other
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or not
□ Applicable√ Not applicable
Registrations address, offices address and codes as well as website and email of the Company has no change in reporting period, found nore details in annual report 2014.
2. In formation disclosure and preparation place
Whether information disclosure and preparation place changed in reporting period or not
□ Applicable√ Not applicable
The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRC and preparation
place for semi-annual report have no change in reporting period, found more details in annual report 2014.
3.Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable√ Not applicable
Date/place for registration of the Company, registration nmber for enterprise legal license number of taxation registration and organization code have no change in reporting period, found more details in annual report 2014.
III. Summary of Accounting Highlights and Business Highlights
(I).Summary of accounting /Financial Data
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to change of the accounting policy and correction of accounting errors.
□Yes√ No
|||||
|-|-|-|-|
||Reporting period|Same period of last year|YoY+/-（%）|
|Operating income（RMB）|12,911,553,232.00|14,971,313,646.00|-13.76%|
|Net profit attributable to the shareholders|1,720,995,015.00|1,644,460,546.00||
||||4.65%|
|of the listed company（RMB）||||
|Net profit after deducting of non-recurring||||
|gain/loss attributable to the shareholders of|1,516,376,522.00|1,649,146,988.00|-8.05%|
|listed company（RMB）||||
|Cash flow generated by business operation,|5,702,180,434.00|4,534,129,911.00||
||||25.76%|
|net（RMB）||||
|Basic earning per share(RMB/Share)|0.33|0.31|6.45%|
|Diluted gains per|0.33|0.31||
||||6.45%|
|share(RMB/Share)(RMB/Share)||||
|Weighted average ROE(%)|7.74%|8.27%|-0.53%|
||As at the end of the|||
|||As at the end of last year|YoY+/-（%）|
||reporting period|||
|Total assets（RMB）|72,519,761,442.00|69,084,825,852.00|4.97%|
|Net assets attrilutable to shareholder of|22,350,256,396.00|21,310,054,597.00||
||||4.88%|
|listed company（RMB）||||

（II）The differences between domestic and international accounting standards
1．Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in the financial reports of differences in net income and net assets.
√Applicable□ Not applicable
In RMB
||||||
|-|-|-|-|-|
||Net profit attributable to the shareholders of the||Net Assets attributable to the shareholders of||
||listed company||the listed company||
||Amount in the|Amount in the previous|End of the reporting|Beginning of the|
||reporting period|period|period|reporting period|
|According to CAS|1,720,995,015.00|1,644,460,546.00|22,350,256,396.00|21,310,054,597.00|
|Items and amount adjusted according to IAS|||||
|Land use right amortization|||||

||||||
|-|-|-|-|-|
|The difference arising from|||||
|recognition of goodwill after|||||
||||64,623,000.00|64,623,000.00|
|merger of enterprises under|||||
|the same control|||||
|Difference arising from|||||
|recognition of land use value|-315,000.00|-315,000.00|19,805,000.00|20,120,000.00|
|after enterprise merger|||||
|Influence on minority interests|27,060.00|27,060.00|4,620,799.00|4,593,739.00|
|Accouding to IAS|1,720,707,075.00|1,643,311,165.00|22,439,305,195.00|21,399,391,336.00|

 2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards.□ Applicable√Not applicable
No Differences
3.Note to the Difference in the Accounting Data based on the Accounting Standards of CAS and IAS.
√ Applicable□ Not applicable
A. Land use right amortization
The difference formed by different period of land use right amortization.
B.The difference arising from recognition of goodwill after merger of enterprises under the same control and recognition of land value after enterprise merger.
As required by new Chinese accounting standards, the goodwill formed by the merger of enterprises under the same control shall not be recognized and capital surplus shall be adjusted. Under IFRS, the golldwill formed by the merger of enterprises under the same control shall be recognized and equal to the difference between merger cost and share of fair value of recognizable net assets of the purchased party obtained in merger. Meanwhile, all assets of the purchased party obtained in merger shall be accounted for according to their fair value while such assets shall be accounted for according to their book value according to original Chinese accounting standards for business enterprises. Therefore, this difference will continue to exist.
C. Influence on minority interests
Housing reform loss occurred to the Company and some holding subsidiaries. Therefore,there’s some influence on minority interests.
（III）Items and amount of deducted non-current gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
|Items|Amount|Notes|
|Non-current asset disposal gain/loss(including the write-off part|130,702,830.00||
|||Mainly for oil shale Company’s equity|
|for which assets impairment provision is made)||disposal profits|
|Govemment subsidy recognized in currentgain and loss(excluding|3,437,316.00||
|those closely related to the Company’s business and granted|||

||||
|-|-|-|
|under the state’s policies)|||
|Gains and losses from exchange of non-monetary assets|21,977,012.00||
|Other non-operating income and expenditure except for the|1,580,392.00||
|aforementioned items|||
|Other non-business income and expenditures other than the above|49,276,222.00|Enterprises can control the invested partyunder the different control due to additionalinvestment and other reasons. In theconsolidated financial statements, enterpriseshould carry on re measurement inaccordance with the fair value of the equitywhich held by the acquiree before thepurchase date. The difference between thefair value and the value of the accountsshould be accounted into the currentinvestment income.|
|Less: Influenced amount of income tax|1,161,738.00||
|Amount of influence of minority interests|1,193,541.00||
|Total|204,618,493.00|--|

For theCompany’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/itesm as defined by the information disclosure explanatory Announcement No.1- Non–recurring gain/loss in the report period.
IV. Report of the Board of Directors
I. General
During the reporting period, The electricity consumption of the Province is 246.05 billion kwh, which increased by3.19% year on year. The quantity of power purchased from west regions is 70.75 billion kwh, which increased by24.10% year on year. Sending electrical power to the western area squeeze the generation set market share.
During the reporting period, due to the decline of the units utilization hours,Its on-grid electricity volume was 31.808billion kwh, which decreased by11.5% year on year. Its on-grid electricity volume was 29.957billion kwh, which decreased by11.57% year on year.44.93% of the power generation plan for the year was fulfilled.,
In the report period, affected by the declines of electricity and electricity price, Company's profit increased slightly year on year due to coal prices slipping back, strengthening the control of cost, as well as investment income achieved by the disposal of some project equity.
In the report period, affected by the declines of electricity and electricity price,Its operating income was RMB 12.912 billion, which decreased by13.76% year on year. Company's profit increased slightly year on year due to coal prices slipping back, strengthening the control of cost, as well as investment income achieved by the disposal of some project equity. the Company's operating profit was RMB 2.956 billion, which decreased by0.44% year on year , the net profit for its shareholders was RMB 1.721 billion which respectively Increased by4.65% year on year.
During the reporting period, the Company has continued to promote the construction and development of new projects.The first unit of “Developing Large Units and Suppressing Small Units” projects(2*600MW) of Shaoguan Power Plant operated by Guangdong Shaoguan Yuejiang Power Generation Co., Ltd. whose90% shares held by the Company, has been put into operation by the end of July 2015. The projects construction of “Developing Large Units and Suppressing Small Units”(2*600MW) of Dapu Plant, Maoming Bohe Coal Wharf, Dianbai Reshui Wind Power Plant (49.5MW), Shibanling Wind Power Plant (49.5MW), Xuwen Qujie Wind Power Plant (49.5MW) and other projects are being promoted as per the plans.
During the reporting period, the Company continued to focus on "bigger and stronger the main industry, adjust and optimize the power structure," orderly promote the project and development. Shaoguan PowerPlant（2×600MW），Dapu（2×600MW）“New Big Power Units While Closing Small Ones ” Project, Maoming Bohe Power Plant Project, Dianbai Hot wind farmprojec（t49.5MW）, Shibanling Wind powerproject（49.5MW）and Xuwen Qujie Wind Power Project（49.5MW）are still under construction. Through standardize infrastructure management, process control, multi-organizational coordination and effective measures to strengthen and ensure the project put into operation as soon as possible. Maoming Bohe PowerPlant（2×1000MW）, Huilai PowerPlant’s#5 and#6 generating units (2x1000MW), Pinghai Power Plant's PhaseI#3 and#4 generating units (2x1000MW), Shanwei PowerPlant’s Phase II#5 and#6 generating units(2x1000MW) and a number of clean energy projects are being planned to promote the preliminary work.
During the reporting period, the 7th Meeting of the Eighth Board of Directors has examined and approved to make non-public issuance of Share A, and raise funds of RMB 4 billion for the new projects and the supplementation of liquid fund. This financing is the important measure for the Company to accelerate the growth of installed capacity and the optimization of energy structure in accordance with the development strategy of the Company. Thus, the Company shall actively promote the follow-up approval and issuance for this financing.
II. Analsis on principal Business
Y-o-Y changes of main financial data
In RMB
||||||
|-|-|-|-|-|
||||Y-o-y increase/decrease||
||Current period|Same period of last year||Reasons for changes|
||||（%）||
|Operration revenue|12,911,553,232.00|14,971,313,646.00|-13.76%||
|Operation cost|9,181,722,019.00|10,982,443,113.00|-16.40%||
||821,137.00|1,471,882.00||The expenses are|
|Sales expenses|||-44.21%||
|||||decreased.|
|Administrative expenses|374,363,287.00|396,554,512.00|-5.60%||
|Financial cost|812,265,280.00|887,886,490.00|-8.52%||
|Income tax expense|578,388,722.00|637,267,131.00|-9.24%||
||5,702,180,434.00|4,534,129,911.00||The decline of coal prices|
|Net cash flow arising|||||
||||25.76%|made the payment of|
|from operation activities|||||
|||||purchasing fuel decrease.|
|Net cash flow arising|-1,834,715,211.00|-1,609,841,662.00|||
|from investment|||13.97%||
|activities|||||
|Net cash flow arising|-1,885,042,105.00|-2,157,481,098.00|||
||||-12.63%||
|from financing activities|||||
||1,982,423,118.00|766,807,151.00||Net cash flow arising|
|Net increase of cash|||||
||||158.53%|from operation activities|
|andcash equivalent|||||
|||||increased|

Major changes on profit composition or profit resources in reporting period
□ Applicable√ Not applicable
No major changes on profit composition or profit resources occurred in reporting period.
The future development and planning extended to reporting period that published in disclosure documents as prospectus, private placing memorandum and recapitalize statement.
□ Applicable√ Not applicable
No future development and planning extended to peporting period that published in disclosure documents as prospectus, private placing memorandum and recapitalize statement.
Review on the previous business plan and its progress during reporting period.
(1) In the report period, the Company completed power output of 31.808 billion kwh in terms of consolidated statements, which decreased by11.54% year on year. The actual on-grid electricity volume was 29.95 billion kwh, which decreasedby11.57% year on year and accounted for44.93% of the planned on-grid electricity volume for the year.
(2) In the report period, the Company actually completed external investment of RMB 1249.80 million, which accounts for88.44%
of the planned amount of external investment for the year.
The main reason for the higher rate of completion on investment was that parts of the construction project entered into the peak period
of production and the Company increased investment according to the construction progress of the project.
III. Constitution of main business
In RMB位：元
||||||||
|-|-|-|-|-|-|-|
|||||Increase|Increase||
|||||||Increase /decrease|
||||Gross Profit|/decrease of|/decrease of||
||Operating Income|Operating cost||||of Gross profit|
||||Ratio(%)|operating income|operating cost||
|||||||ratio（％）|
|||||（％）|（％）||
|On Industry|||||||
|Electric Power|12,911,553,232.00|9,181,722,019.00|28.89%|-13.76%|-16.40%|2.25%|
|Electric Power|12,911,553,232.00|9,181,722,019.00|28.89%|-13.76%|-16.40%|2.25%|
|Guangdong|12,911,553,232.00|9,181,722,019.00|28.89%|-13.76%|-16.40%|2.25%|

 IV. Core competitive-ness analsis
The company's core competitiveness in the reporting period has no significant changes, specific details can be found in the 2014 annual report.
V. Analysis on investment status
1. External Equity investment
（1）External investment
√ Applicable□ Not applicable
||||
|-|-|-|
|External investment|||
|Investment of the period (RMB)|Investment of same period of last year (RMB)|Scale of change|
|1,249,800,000.00|662,690,000.00|88.59%|
|Particulars of the invested company|||
|||Share of equity in invested|
|Name of companies|Main Business||
|||entity|
|Guangdong Shaoguan Yuejiang|Investment and Operation of electric power projects , Production||
|||90.00%|
|Power Generation Co., Ltd.|and sales of electricity||
||Power plant construction, production and operation, production and||
|Guangdong Yudean Dapu Power|||
||sales of electric power and auxiliary products, project contracting,|100.00%|
|Generation Co., Ltd|||
||technical consultation and technical services in power sector.||

||||
|-|-|-|
|Guangdong Yudean Bohe|Coal dock construction, power plant construction, technical||
|||100.00%|
|Coal-fired Power Co., Ltd|consultation and services for power plant projects||
|Guangdong Wind PowerGeneration Co., Ltd|The company was engaged in wind, solar, biomass and other new||
||energy design, development, investment, construction and||
||operation management; new energy technology research and|100.00%|
||development, application and promotion, equipment testing and||
||maintenance, technical training and consulting services.||
|Guangdong Yudean ZhanjiangWind Power Generation Co.,Ltd.|Investment, construction and management of power plants,||
||investment in wind power and other new energy projects,||
|||70.00%|
||development, operation, management, production and sale of||
||electricity, provide power consulting and other related services.||

（2）Holding of the equity in financial enterprises
√ Applicable□Not applicable
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||||Number of|Shareholdi|||||||
||||||Number of|Shareholdi|Book||||
||||shares held|ng|||||||
||||||shares held|ng|balance at|Gain/..loss|||
|||Initial|at the|proportion|||||||
||||||at the end|proportion|the end of|of the|||
|Company|Company|Investment|beginning|at the|||||Accountin|Sauce of|
||||||of the|at the end|the|reporting|||
|Name|type|cost|of the|beginning|||||g items|the shares|
||||||reporting|of the|reporting|period|||
|||(RMB)|reporting|of the|||||||
||||||period(sha|reporting|period|(RMB)|||
||||period|reporting|||||||
||||||res)|period(%)|(RMB)||||
||||(shares)|period (%)|||||||
|Sun|||||||||Financial||
|Insurance|Insurance|356,000,00|350,000,00||350,000,00||356,000,00||assets avai||
|||||5.34%||5.34%||0.00||Initiated|
|Group Co.,|Company|0.00|0||0||0.00||lable for s||
|Ltd.|||||||||ale||
|Guangdon|||||||||||
||||||||||Long-term||
|g Yudean||513,325,00|500,000,00||500,000,00||634,722,18|48,938,783|||
||Other|||25.00%||25.00%|||Equity|Initiated|
|Finance||0.00|0||0||3.00|.00|||
||||||||||investment||
|Co., Ltd.|||||||||||
|||869,325,00|850,000,00||850,000,00||990,722,18|48,938,783|||
|Total||||--||--|||--|--|
|||0.00|0||0||3.00|.00|||

（3）Investment in Securities
□ Applicable√ Not applicable
The Company had no investment in securities in period.
（4）Explanation on equity of other listed company held
√ Applicable□Not applicable
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||Sharehol||Sharehol|||||
||||Number of|ding||ding|||||
||||||Number of||||||
||||shares held|proportio||proportio|||||
||||||shares held||Book balance at||||
|Compa||Initial|at the|n at the||n at the||Gain/..loss of||Sauce|
||Compa||||at the end of||the end of the||Accountin||
|ny||Investment cost|beginning of|beginnin||end of||the reporting||of the|
||ny type||||the reporting||reporting period||g items||
|Name||(RMB)|the reporting|g of the||the||period (RMB)||shares|
||||||period(shares||(RMB)||||
||||period|reporting||reporting|||||
||||||)||||||
||||(shares)|period||period(%|||||
|||||(%)||)|||||
|||15,890,628.00|8,400,000|0.32%|12,600,000|0.32%|155,610,000.00|1,680,000.00|Financial||
|Shen|||||||||||
||||||||||assets avai|Initiat|
|Energ|Other||||||||||
||||||||||lable for s|ed|
|y|||||||||||
||||||||||ale||
|||235,837,987.50|55,532,250|1.22%|55,532,250|1.22%|555,877,823.00|0.00|Financ||
||||||||||ial||
|SHEN|||||||||assets|Transf|
||Other||||||||||
|ERGY|||||||||availa|eree|
||||||||||ble for||
||||||||||sale||
|Total||251,728,615.50|63,932,250|--|68,132,250|--|711,487,823.00|1,680,000.00|--|--|

 2.Entrusted Financing , investment in derivative products and entrusted loan
（1）Trust financing
□ Applicable√ Not applicable
The company had no trust financing in the reporting period.
（2）Derivative investment
□ Applicable√ Not applicable
The company had no derivative investment in the reporting period.
（3）Entrusted loans
√ Applicable□Not applicable
InRMB’0000
|||||||
|-|-|-|-|-|-|
||Is it a|||Guarantor orcollateral|Application of the|
||||Interest|||
|Prospective borrower|related|Amount|||loan by the|
||||rate|||
||party||||borrower|
|Guangdong Shaoguan Yuejiang Power Generation|No|10,000|6.00%|Nil|Supplement|

|||||||
|-|-|-|-|-|-|
|Co.,Ltd.|||||current capital|
||||||Supplement|
|Guangdong Yudean Jinghai Power Generation Co., Ltd|No|10,000|5.60%|Nil||
||||||current capital|
||||||Supplement|
|Guangdong Yudean Bohe Coal-fired Power Co., Ltd|No|10,000|6.77%|Nil||
||||||current capital|
||||||Supplement|
|Guangdong Yudean Bohe Coal-fired Power Co., Ltd|No|20,000|6.77%|Nil||
||||||current capital|
|Guangdong Yudean Bohe Coal-fired Power Co., Ltd|No|10,000|6.00%|Nil||
|Total|--|60,000|--|--|--|
|Disclosure date for the notice of approval by the||||||
||March 4, 2014|||||
|Board(if any)||||||
|Disclosure date for the notice of approval by||||||
|Shareholders’ General Meeting (If any)||||||

3. Application of raised proceeds
□Applicable√ Not applicable
The company had no application of raised proceeds in the reporting period.
4. Main subsidiaries and stock-jointly company analysis
√ Applicable□ Not applicable
Particulars about the principal subsidiaries and Mutual shareholding companies
In RMB
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||Leading|Registeredcapital|Total|||Operating||
|Company|Company|Sectors||||Net assets|Tumover||Net Profit|
||||products||assets(RMB|||profit||
|Name|type|engaged in||||(RMB)|(RMB)||(RMB)|
||||and services||)|||(RMB)||
|Guangdong|||Power|||||||
|Huizhou|||generation|||||||
|Pinghai||Electric|and power|1,370,000,0|8,434,794,4|2,247,267,2|2,006,214,9|712,992,2|541,642,588.|
||Subsidiary|||||||||
|Power||Power|station|00|35.00|81.00|26.00|95.00|00|
|Generation|||constructio|||||||
|Co., Ltd.|||n.|||||||
|Guangdong|||Power|||||||
|Yudean|||generation|||||||
|Jinghai||Electric|and power|2,919,272,0|11,426,626,|3,646,899,0|2,488,474,6|557,269,7|418,126,140.|
||Subsidiary|||||||||
|Power||Power|station|00|979.00|53.00|40.00|11.00|00|
|Generation|||constructio|||||||
|Co., Ltd.|||n.|||||||
|Guangdong|Subsidiary|Electric|Power|2,749,750,0|8,936,578,7|3,285,541,9|1,971,436,1|374,667,1|282,700,367.|

|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Red Bay||Power|generation|00|10.00|91.00|46.00|85.00|00|
|Power|||and power|||||||
|Generation|||station|||||||
|Co., Ltd.|||constructio|||||||
||||n.|||||||
||||Power|||||||
|Zhangjiang|||generation|||||||
|Electric||Electric|and power|2,875,440,0|4,595,118,4|4,111,991,2|1,142,689,7|328,647,2|250,863,802.|
||Subsidiary|||||||||
|Power||Power|station|00|58.00|92.00|23.00|68.00|00|
|Co., Ltd.|||constructio|||||||
||||n.|||||||
||||Power|||||||
|Zhanjiang|||generation|||||||
|Zhongyue||Electric|and power|1,454,300,0|5,447,589,3|1,556,332,6|1,079,612,1|125,262,6|93,976,191.0|
||Subsidiary|||||||||
|Energy||Power|station|00|52.00|59.00|86.00|32.00|0|
|Co., Ltd.|||constructio|||||||
||||n.|||||||
||||Power|||||||
|Maoming||||||||||
||||generation|||||||
|Zhenneng||||||||||
|||Electric|and power|1,019,535,5|3,592,296,3|1,107,886,4|827,506,53|66,914,04|54,043,818.0|
|Thermal|Subsidiary|||||||||
|||Power|station|00|00.00|99.00|3.00|3.00|0|
|Power Co.,||||||||||
||||constructio|||||||
|Ltd||||||||||
||||n.|||||||
||||Power|||||||
|Shenzhen||||||||||
||||generation|||||||
|Guangqian||||||||||
|||Electric|and power|1,030,292,5|2,206,788,3|1,475,850,9|645,215,15|61,926,83|53,642,992.0|
|Electric|Subsidiary|||||||||
|||Power|station|00|57.00|09.00|6.00|1.00|0|
|Power||||||||||
||||constructio|||||||
|Co., Ltd.||||||||||
||||n.|||||||
||||Power|||||||
|Guangdong||||||||||
||||generation|||||||
|Yuejia||||||||||
|||Electric|and power|1,080,000,0|473,054,33|396,807,41|279,974,71|39,365,03|40,372,951.0|
|Electric|Subsidiary|||||||||
|||Power|station|00|4.00|7.00|3.00|6.00|0|
|Power||||||||||
||||constructio|||||||
|Co., Ltd.||||||||||
||||n.|||||||
||||Power|||||||
|Guangdong||||||||||
||||generation|||||||
|Huizhou||||||||||
|||Electric|and power|963,000,00|2,469,167,2|1,201,645,2|618,327,72|49,858,96|37,469,998.0|
|natural|Subsidiary|||||||||
|||Power|station|0|00.00|06.00|4.00|6.00|0|
|Gas Power||||||||||
||||constructio|||||||
|Co., Ltd.||||||||||
||||n.|||||||
|Guangdong|Subsidiary|Electric|Power|1,400,000,0|7,033,533,4|988,137,50|655,351,36|19,945,14|19,973,715.0|

|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Shaoguan||Power|generation|00|29.00|3.00|3.00|2.00|0|
|Yuejiang|||and power|||||||
|Power|||station|||||||
|Generation|||constructio|||||||
|Co., Ltd.|||n.|||||||
|Guangdong|||Wind|||||||
|Yudean|||Power|||||||
|Zhanjiang|||generation|||||||
|||Electric||346,110,00|850,948,30|296,815,48|49,628,847.|12,353,13|12,520,540.0|
|Wind|Subsidiary||and power|||||||
|||Power||0|4.00|1.00|00|0.00|0|
|Power|||station|||||||
|Generation|||constructio|||||||
|Co., Ltd|||n.|||||||
||||Wind|||||||
|Guangdong|||Power|||||||
|Wind|||generation|||||||
|||Electric||551,452,90|910,708,97|532,954,17|36,236,790.|5,117,416||
|Power|Subsidiary||and power||||||6,532,272.00|
|||Power||0|6.00|6.00|00|.00||
|Generation|||station|||||||
|Co., Ltd|||constructio|||||||
||||n.|||||||
|Guangdong||||||||||
|Yudean|||Power|||||||
|Anxin|||generation|||||||
|||Electric|||63,745,702.|45,136,070.|27,712,108.|2,377,867||
|Maintenan|Subsidiary||and|20,000,000|||||1,775,900.00|
|||Power|||00|00|00|.00||
|ce &|||Maintenanc|||||||
|installation|||e|||||||
|Co., Ltd.||||||||||
|Guangdong|||Power|||||||
|Yudean|||generation|||||||
|Humen||Electric|and power|150,000,00|144,195,22|140,311,05||212,815.0||
||Subsidiary||||||450,000.00||212,815.00|
|Generation||Power|station|0|3.00|7.00||0||
|Power|||constructio|||||||
|Co., Ltd.|||n.|||||||
|Guangdong|||Power|||||||
|Yudean|||generation|||||||
|Dapu||Electric|and power|900,000,00|2,826,398,9|900,000,00||||
||Subsidiary||||||0.00|0.00|0.00|
|Power||Power|station|0|24.00|0.00||||
|Generation|||constructio|||||||
|Co., Ltd.|||n.|||||||
|Lincang Yu|||Water|||||||
|||Electric||396,490,00|1,257,164,7|375,371,59|4,357,052.0|-981,303.||
|ntou Yudea|||power|||||||
||Subsidiary||||||||-1,030,350.00|
|n Hydroelec||Power|Generation|0|28.00|2.00|0|00||
|tricity Deve|||and power|||||||

|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|lopment Co.|||station|||||||
|, Ltd|||constructio|||||||
||||n|||||||
|Guangdong||||||||||
|Yudean|||Power|||||||
|Huadu|||generation|||||||
|||Electric||120,000,00|112,659,98|110,954,20||-2,760,48||
|Natural|Subsidiary||and||||0.00||-2,760,480.00|
|||Power||0|0.00|4.00||0.00||
|Gas &|||Maintenanc|||||||
|Heat-Powe|||e|||||||
|r Co., Ltd.||||||||||
||||Coal dock|||||||
|Guangdong||||||||||
||||constructio|||||||
|Yudean||||||||||
||||n and|||||||
|Bohe||Electric||1,685,000,0|3,101,996,6|1,605,692,3||-4,861,16||
||Subsidiary||power||||0.00||-4,861,169.00|
|Coal-fired||Power||00|79.00|55.00||9.00||
||||station|||||||
|Power||||||||||
||||constructio|||||||
|Co., Ltd||||||||||
||||n.|||||||
|Guangdong|||Wind|||||||
|Guohua|||Power|||||||
|Yudean|||generation|||||||
||Sharing|Electric||4,669,500,0|14,230,401,|9,193,678,4|4,144,646,7|1,407,070|1,052,152,43|
|Taishan|||and power|||||||
||Company|Power||00|433.00|85.00|54.00|,888.00|0.00|
|Power|||station|||||||
|Generation|||constructio|||||||
|Co., Ltd.|||n.|||||||

5. Projects invested with Funds not raised through share offering
□Applicable√ Not applicable
N/A
VI. Prediction of business performance for January -September 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
VII. Explanation by the Board of Directors and the Supervisory Committee about the “ non-standard audit report” issued by the CPAs firm for the reporting period.
□ Applicable√ Not applicable
VII. Explanation by the Board of Directors about the “ non-standard audit report “ for lastyear.
√ Applicable□ Not applicable
VIII. Explanation of the Board of Directions Concerning the “ non-standard audit report” issued by the CPAs firm for the reporting period.
√ Applicable□ Not applicable
IX. Profit distribution carried out in the report period
Execution or adjustment of profit distribution, especially cash dividend, and capitalizing of reserves in the report period.
√Applicable□ Not applicable
The Company's profit distribution plan for 2014 was examined and adopted by its 2014 annual shareholders' general meeting on May 20, 2015. The Company published Announcement of Interest Distribution for 2014 on designated media on June 19, 2015. The stock right registration date is June 25, 2015 (June 30 for B shares). The ex-dividend date is June 26, 2015. Cash dividends were distributed on July 1 (for A shares) and June 30 (for B shares).
|||
|-|-|
|Special explanation of the cash dividend policy||
|Whether conformed with the regulations of the Articles of association or the requirements of the resolutions of the||
||Yes|
|shareholders’ meeting:||
|Whether the dividend standard and the proportion were definite and clear:|Yes|
|Whether the relevant decision-making process and the system were complete:|Yes|
|Whether the independent director acted dutifully and exerted the proper function:|Yes|
|Whether the medium and small shareholders had the chances to fully express their suggestions and appeals, of||
||Yes|
|which their legal interest had gained fully protection:||
|Whether the conditions and the process met the regulations and was transparent of the adjustment or altered of the||
||Not a;pplicable|
|cash dividend policy:||

X. Preplan for profit distribution and turning capital reserve into share capital in the reporting period
□ Applicable√ Not applicable
The Company planed that no to distribute cash dividend, bonus shares and there was no turning of capital reserve into share capital. XI. Particulars about researches, visits and interviews received in this reporting period
√Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
||||||Discussion topics and provision of|
|Reception time|Reception place|Way of reception|Types of visitors|Visitors received||
||||||materials|
||||||The Company’s current production|
||Office of the|Onsite||Joint research of|of operation conditions and the|
|January 28,2015|||Organiation|||
||Company|investigation||CITIC Securities|situation of the construction and|
||||||development projects|
||||||The Company’s current production|
||Office of the|Onsite|||of operation conditions and the|
|May 4, 2015|||Organiation|Efund||
||Company|investigation|||situation of the construction and|
||||||development projects|
|May 5, 2015|Office of the|Onsite|Organiation|Boshi Fund|The Company’s current production|

|||||||
|-|-|-|-|-|-|
||Company|investigation|||of operation conditions and the|
||||||situation of the construction and|
||||||development projects|
||||||The Company’s current production|
|||||Joint research of||
||Office of the|Onsite|||of operation conditions and the|
|May 6, 2015|||Organiation|Guotai Junan||
||Company|investigation|||situation of the construction and|
|||||Securities||
||||||development projects|
||||||The Company’s current production|
|||||Shenwan||
||Office of the|Onsite|||of operation conditions and the|
|May 15, 2015|||Organiation|Hongyuan||
||Company|investigation|||situation of the construction and|
|||||Securities||
||||||development projects|

V. Important Events
1.Governance of the Company
The company has strictly abided by the requirements of the laws and regulations and the normative documents, such as “Corporate Law”, “Securities Law”, “Governance Rules of Listed Companies” and “Listing Rules of Shenzhen Stock Exchange” to standardize the operations, continuously perfect the internal control system and the corporate governance structure, ensure the system carried out and effectively implemented and improve the governance level of the company. There was no difference between the actual conditions of corporate governance and the requirements of the Company Law and relevant regulations of CSRC.
II. Lawsuits affairs
Major lawsuits and Arbitration affairs
□ Applicable√ Not applicable
The Company has no major lawsuit or arbitration in the report period.
Other Lawsuits affairs
□ Applicable√ Not applicable
III. Query form media
□ Applicable√ Not applicable
In the reporting year, the Company had no query from media
IV. Bankruptcy or Reorganization Events
□ Applicable√ Not applicable
There Company was not involved in any bankruptcy or reorganization events in the reporting period.
V. Transaction in Assets
1. Purchase of assets
□ Applicable√ Not applicable
There is no purchase of assets in the Company during the reporting period.
2. Sale of assets
□ Applicable√ Not applicable
There is no sale of assets in the Company during the reporting period
3. Business combination
□ Applicable√ Not applicable
There is no Bubiness combination in the Company during the reporting period
VI. Implementation and Influence of Equity Incentive Plan of the Company
□ Applicable√ Not applicable
There is no equity incentive plan and its implementation in the Company during the reporting period.
VII. Significant related-party transactions
1. Related-party transactions concerning routine operation
√Applicable□Not applicable
In January–June 2015,Daily related transactions were carried out after examination and approval by 2014 annual
shareholders’general meeting. Refer to (5) related transactions of XII. Related transactions on purchasing goods and receiving services (1) and Related leases (2).Relationship between related parties and the transactions between them of the Financial report of this report for details.
The Related transactions existing between the company and the affiliates mainly display on purchasing fuses and materials, apportioning the common operating costs, accepting and offering labor services, selling the products, deposit and demanding interests, and leasing the fields out, etc.
The pricing policy of the said relatedtransaction:：For the price of fuel purchase, if the state sets a price, such price shall apply. If the State does not set a price, market price shall apply. The related parties promised that the price offered would not be higher than the price of products of the same quality offered to third parties. The price of materials shall be settled according to market price. Labor services/services are accepted and provided at the price agreed by both parties according to cost price and by reference to the market price of similar services. Products are sold at the price agreed by both parties according to cost and by reference to the market price of similar products. Relevant regulations of People's Bank of China apply to deposits. Site rent is collected in the mode agreed by all parties based on cost price.
The said related transactions were settled in cash and did not have unfavorable influence on the profit of the Company. There is no significant difference from estimated related transactions.
2. Related-party transactions arising from asset acquisition or sale
□ Applicable√ Not applicable
The Company was not involved in any related-party transactions arising from asset acquisition or sale during the reporting period. 3. Related-party transitions with joint investments
□ Applicable√ Not applicable
The Company was not involved in any related-party transaction with joint investments during the reporting period.
4. Credits and liabilities with related parties
√Applicable□ Not applicable
There is any credit and liability with related parties of theCompany，See Notes of Financial Statement.
There is no any credit and liability with related parties of the Company of the reporting period.
5. Other significant related-party transactions
□ Applicable√ Not applicable
The Company was not Other significant related-party transactions during the reporting period.
VIII. Particulars about the non-operating occupation of funds by the controlling shareholder
and other related parties of the Company
□ Applicable√ Not applicable
The Company was not involved in the non-operating occupation of funds by the controlling shareholder and other related parties during the reporting period..
IX. Particulars about significant contracts and their fulfillment
1. Particulars about trusteeship, contract and lease
(1) Trusteeship
□ Applicable√ Not applicable
There was no any trusteeship of the Company in the reporting period.
(2) Contract
□ Applicable√ Not applicable
There was no any contract of the Company in the reporting period.
(3) Lease
□ Applicable√ Not applicable
There was not involved in ant lease of the Company in the reporting period.
2. Guarantees provided by the company
√ Applicable□ Not applicable
InRMB’0000
||||||||||
|-|-|-|-|-|-|-|-|-|
|External Guarantee (Exclude controlled subsidiaries)|||||||||
|||||||||Guarante|
||Relevant||||||||
|||||||||e|
||||Date of||||||
||disclosure||||||Complete|for|
||||happening|Actual|||||
|Name of the|date/No. of|Amount of|||Guarantee|Guarantee|implemen|associate|
||||(Date of|mount of|||||
|Company|the|Guarantee|||type|term|tation|d|
||||signing|guarantee|||||
||guaranteed||||||or not|parties|
||||agreement)||||||
||amount|||||||(Yes or|
|||||||||no)|
|Yunnan Baoshan|||||||||
|Binlangjiang|||||Guaranteeing||||
||May||November||||||
|Hydroelectricity||2,900||1,247|of joint|14 years|No|No|
||24,2007||30,2007||||||
|Development Co.,|||||liabilities.||||
|Ltd.|||||||||
|Yunnan Baoshan|May||November||Guaranteeing||||
|||1,305||261||12 years|No|No|
|Binlangjiang|24,2007||30,2007||of joint||||

||||||||||
|-|-|-|-|-|-|-|-|-|
|Hydroelectricity|||||liabilities.||||
|Development Co.,|||||||||
|Ltd.|||||||||
|Yunnan Baoshan|||||||||
|Binlangjiang|||||Guaranteeing||||
||May||December||||||
|Hydroelectricity||4,350||3,190|of joint|17 years|No|No|
||24,2007||19,2007||||||
|Development Co.,|||||liabilities.||||
|Ltd.|||||||||
|Yunnan Baoshan|||||||||
|Binlangjiang|||||Guaranteeing||||
||December||December||||||
|Hydroelectricity||4,350||1,827|of joint|17 years|No|No|
||19,2007||25,2007||||||
|Development Co.,|||||liabilities.||||
|Ltd.|||||||||
|Yunnan Baoshan|||||||||
|Binlangjiang|||||Guaranteeing||||
||December||||||||
|Hydroelectricity||12,000|March 28,2008|11,300|of joint|20 years|No|No|
||19,2007||||||||
|Development Co.,|||||liabilities.||||
|Ltd.|||||||||
|Yunnan Baoshan|||||||||
|Binlangjiang|||||Guaranteeing||||
||August 22,||October 31,||||||
|Hydroelectricity||5,800||4,300|of joint|17 years|No|No|
||2008||2008||||||
|Development Co.,|||||liabilities.||||
|Ltd.|||||||||
|Yunnan Baoshan|||||||||
|Binlangjiang|||||Guaranteeing||||
||November||November 14,||||||
|Hydroelectricity||7,250||2,494|of joint|12 years|No|No|
||12, 2008||2008||||||
|Development Co.,|||||liabilities.||||
|Ltd.|||||||||
|Yunnan Baoshan|||||||||
|Binlangjiang|||||Guaranteeing||||
||May||||||||
|Hydroelectricity||7,250|May 27, 2009|4,350|of joint|14 years|No|No|
||27,2009||||||||
|Development Co.,|||||liabilities.||||
|Ltd.|||||||||
|Yunnan Baoshan|||||||||
|Binlangjiang|||||Guaranteeing||||
||May 27,||||||||
|Hydroelectricity||9,367|June 22, 2009|7,627|of joint|20 years|No|No|
||2009||||||||
|Development Co.,|||||liabilities.||||
|Ltd.|||||||||
|Yunnan Baoshan|||||||||
||||||Guaranteeing||||
|Binlangjiang|September||December 16,||||||
|||14,500||7,199.67|of joint|10 years|No|No|
|Hydroelectricity|10,2010||2010||||||
||||||liabilities.||||
|Development Co.,|||||||||

||||||||||
|-|-|-|-|-|-|-|-|-|
|Ltd.|||||||||
|||||||The power pl|||
|Weixin Yuntou|||||Guaranteeing|ant put into o|||
||March 8,||||||||
|Yudean Zhaxi||27,400|April 11, 2013|26,852|of joint|peration and t|No|No|
||2012||||||||
|Energy Co., Ltd.|||||liabilities.|erminated aft|||
|||||||er two years|||
|Total amount of approved||||Total actually amount of|||||
|external guarantee in the report||0||external guarantee in the||0|||
|period(A1)||||report period(A2)|||||
|Total amount of approved||||Total actually amount of|||||
|external guarantee at the end of||254,251||external guarantee at the end||70,647.67|||
|the report period(A3)||||of the report period(A4)|||||
|Guarantee of the company for its subsidiaries|||||||||
|||||||||Guarante|
||Related||Date of||||Complete||
|Name of the||||Actually||||e for|
||announcem|Amount of|happening(date||Guarantee|Guarantee|implemen||
|company||||guarantee||||related|
||ent date and|guarantee|of signing||type|term|tation or||
|guaranteed||||amount||||party(yes|
||no.||agreement)||||not||
|||||||||or no)|
|Lincang|||||||||
|YuntouYudean|||||Guaranteeing||||
||July 22,||December 25,||||||
|Hydroelectricity||3,430||1,372|of joint|14 years|No|No|
||2006||2006||||||
|Development Co.,|||||liabilities.||||
|Ltd.|||||||||
|Lincang|||||||||
|YuntouYudean|||||Guaranteeing||||
||July 22,||||||||
|Hydroelectricity||1,372|July 29, 2008|548.8|of joint|12 years|No|No|
||2006||||||||
|Development Co.,|||||liabilities.||||
|Ltd.|||||||||
|Guangdong|||||||||
||||||Guaranteeing||||
|Yudean Zhanjiang|April 29,||||||||
|||12,716.29|October 9,2010|12,716.29|of joint|18 years|No|No|
|Wind Power Co.,|2009||||||||
||||||liabilities.||||
|Ltd|||||||||
|Guangdong|||||||||
||||||Guaranteeing||||
|Shaoguan Yuejiang|June 29,||||||||
|||23,075|July 28, 2011|5,161.34|of joint|7 years|No|No|
|Power Generation|2011||||||||
||||||liabilities.||||
|Co., Ltd.|||||||||
|Guangdong|||||||||
||||||Guaranteeing||||
|Shaoguan Yuejiang|August 15,||December 6,||||||
|||19,500||4,920.57|of joint|5 years|No|No|
|Power Generation|2012||2012||||||
||||||liabilities.||||
|Co., Ltd.|||||||||
|Guangdong|November|23,400|January 28,|17,100|Guaranteeing|7 years|No|No|

||||||||||
|-|-|-|-|-|-|-|-|-|
|Shaoguan Yuejiang|16, 2013||2014||of joint||||
|Power Generation|||||liabilities.||||
|Co., Ltd.|||||||||
|||||Total amount of actual|||||
|Total amount of approving|||||||||
|||||occurred guarantee for|||||
|guarantee for subsidiaries in||0||||0|||
|||||subsidiaries in reportperiod|||||
|report period（B1）|||||||||
|||||（B2）|||||
|||||otal amount of actual occurred|||||
|Total amount of approved|||||||||
|||||guarantee for subsidiaries at|||||
|guarantee for subsidiaries at the||74,200||||41,819|||
|||||the end of reporting period|||||
|end of reporting period（B3）|||||||||
|||||（B4）|||||
|Guarantee of the subsidiaries for its subsidiaries|||||||||
|||||||||Guarante|
||Related||Date of||||Complete||
|Name of the||||Actually||||e for|
||announcem|Amount of|happening(date||Guarantee|Guarantee|implemen||
|company||||guarantee||||related|
||ent date and|guarantee|of signing||type|term|tation or||
|guaranteed||||amount||||party(yes|
||no.||agreement)||||not||
|||||||||or no)|
|Total of Company’s guarantee（namely total of the large three aforementioned）|||||||||
|Total of guarantee in the Period||0||Total of actual guarantee in|||||
|||||||0|||
|（A1+B1+C1）||||the Period（A2+B2+C2）|||||
|||328,451||Total of actual guarantee at|||||
|Total of guarantee at Period-end|||||||||
|||||Period-end||112,466.67|||
|（A3+B3+C3）|||||||||
|||||（A4+B4+C4）|||||
|The proportion of the total amount of actually guarantee in the|||||||||
|||||5.03%|||||
|net assets of the Company(that is A4+B4+C4)|||||||||
|Including|||||||||
|Amount of guarantee for shareholders, actual controller and its|||||||||
|||||0|||||
|associated parties（D）|||||||||
|The debts guarantee amount provided for the|||||||||
|Guaranteed parties whose assets-liability ratio exceed||||97,829.58|||||
|70% directly or indirectly（E）|||||||||
|Proportion of total amount of guarantee in net assets of the|||||||||
|||||0|||||
|company exceed 50%（F）|||||||||
|Total guarantee Amount of the abovementioned guarantees|||||||||
|||||97,829.58|||||
|（D+E+F）|||||||||
|Explanations about joint and several liability for repayment in|||||||||
|||||Not applicable|||||
|respect of undue guarantee(if any)|||||||||
|Explanation about external guarantee violating established|||||||||
|||||Not applicable|||||
|procedure if any）|||||||||

Description of the guarantee with complex method
(1) Particulars about illegal external guarantee
□ Applicable√ Not applicable
There was no particular about illegal external guarantee of the Company in the reporting period.
2. Other significant contracts
□ Applicable√ Not applicable
There was no other significant contract of the Company in the reporting period.
3. Other significant transactions
□ Applicable√ Not applicable
There was no other significant transaction of the Company in the reporting period.
X. Implementation of commitments
1.Commitments made by the Company or shareholders holding over5% of theCompany’s shares in the reporting period or such commitments carried down into the reporting period
√Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
||||Time of|||
|||||Period of||
||Commitm||making||Fulfil|
|Commitment||Contents||commitme||
||ent maker||commitme||lment|
|||||nt||
||||nt|||
|Commitment on||||||
|share reform||||||
|Commitment in||||||
|the acquisition||||||
|report or the||||||
|report on equity||||||
|changes||||||
|Commitment||Yue Dian Li is the only quoted platform of Yudean Group’s electricity|November|Within 5 y||
|made upon the||asset integration within the boundary. ② Except Yue Dian Li and the|3,|ears after t||
|assets||electricity assets controlled by it, within 5 years after the last|2011|he comple||
|replacement||recombination is done, Yudean Group will pump the assets which meet||tion of maj||
|||the conditions of launching after reformation into Yue Dian Li||or asset re||
||Guangdon||||Unde|
|||gradually through purchasing and recombination and other ways,||organizati||
||g Yudean|according to the situation of solutions to different problems, e.g. the||on|r|
||Group|imperfect examination and approval procedures, the situation of|||fulfill|
||Co., Ltd.|profitability, cooperation agreement and land utilization. ③ At the|||ment|
|||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 media "Announcement o||||
|||f Guangdong Electric Power Development Co.,Ltd. matters related to c||||
|||ommitments".||||
|Commitments||||||
|made upon||||||
|issuance||||||
|Other||||||
||Guangdon||||Unde|
|||To maintain the stability of the market, Yudean Group promised not to||||
|commitments||||||
||g Yudean||July 8,||r|
|made to||reduce the Yudean electric power shares within the next 12 months.||12 months||
||Group||2015||fulfill|
|minority||||||
||Co., Ltd.||||ment|
|shareholders||||||
|Executed timely||||||
||Yes|||||
|or not?||||||

XI. Particulars about engagement and disengagement of CPAs firm
Whether the semi-annual financial report had been audited?
□ Yes√ No
The semi-annual financial report has not been audited.
XII. Punishment and Rectification
□ Applicable√ Not applicable
There was no any punishment and rectification of the Company in the reporting period.
XIII. Reveal of the delisting risks of illegal or violation
□ Applicable√ Not applicable
There was no any delisting risk of illegal or violation of the Company in the reporting period.
XIV. Explanation about other significant matters
√ Applicable□ Not applicable
The Company issued corporate bonds of RMB 2 billion with coupon rate of5.5% on March 10, 2008. Construction Bank of China Co., Ltd. authorized its Guangdong Branch to provide full-amount, unconditional and irrevocable guarantee of joint and several liabilities. The corporate bonds were listed for trading at Shenzhen Stock Exchange on March 27, 2008. Stock code: 112001; Stock abbreviation: 08 Yudean Bond. Term: 7 years. Put provision is attached. March 3, 2015 is the trading termination day (subject to the announcement of the Company).
On March 18, 2013, the Company newly issued corporate bonds of RMB 1.2 billion with coupon rate of4.95%. The corporate bonds were listed for trading at Shenzhen Stock Exchange on May 24, 2013. Stock code: 112162; Stock abbreviation: 12 Yudean Bond. The term of bonds is 7 years and put provision is attached. March 18, 2020 is the trading termination day (subject to the announcement of
the Company).
During the reporting period, the company's credit status did not change significantly.At the end of the report period, the company's as
sets and liabilities was60.64%. During the reporting period, the guarantor sustained profitability, asset size keep growing and there is
no negative change in credit conditions. The company paid interest and delisting on March 3, 2015
for "08 Yudean debt"and "12 Yudean debt" in the second interest period on March 18,2015..
Quantity of bonds held by the top ten bond shareholders of the Company(As of June 30, 2015)
||||
|-|-|-|
|Bond abbreviationand code|Name of shareholder|Quantity ofbonds|
|12 Yudean（112162）|CCB|3,600,000|
||China Life Insurance Co., Ltd.|2,400,000|
||Truvalue Asset Management－China Merchants Bank－ChinaResourcesszitic Trust Co., Ltd.－Xinrui No.1 fund trust|1,948,000|
||China Pingan Life insturance Co., Ltd.－Dividend distribution－Individualinsurance dividend|1,400,000|
||Bank of China Investment Management－ICBC－Bank of China|1,200,000|
||China Pingan Life insturance Co., Ltd.－Universal－Individual insuranceuniversal|1,000,000|
||Jinyuan Securities Co., Ltd.|190,000|
||ABC－Shun target revenue bond securities investment fund|150,900|
||GTJA Allianz Funds－SPDB－GTJA Allianz Funds－Pengyang No.1assetamangement plan for the 6 phase bonds|50,000|
||Zhang Guiqing|21,100|

VI. Change of share capital and shareholding of Principal Shareholders
(1) Changes in share capital
In Shares
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Before the change||Increase/decrease（+，-）|||||After the Change||
||Amount|Proportion|||Capitalizat|||||
||||Share|Bonus|ion of||||Proportio|
||||||common|Other|Subtotal|Quantity||
||||allotment|shares|||||n|
||||||reserve|||||
||||||fund|||||
|I. Share with conditional|1,582,205,|||316,327,8|||315,761,4|1,897,966||
|||36.16%||||-566,370|||36.15%|
|subscription|389|||04|||34|,823||
|2. State-owned legal|1,577,865,|||315,557,1|||315,477,3|1,893,342||
|||36.06%||||-79,740|||43.27%|
|person shares|257|||04|||64|,621||
|3.Other domestic shares|4,340,132|0.10%||770,700||-486,630|284,070|4,624,202|0.09%|
|Of which：Domestic legal||||||||||
||4,272,301|0.10%||770,111||-421,746|348,365|4,620,666|0.09%|
|person shares||||||||||
|Domestic natural person||||||||||
||67,831|0.00%||589||-64,884|-64,295|3,536|0.00%|
|shares||||||||||
|II. Shares with|2,793,031,|||558,719,5|||559,285,8|3,352,317||
|||63.84%||||566,370|||63.85%|
|unconditional subscription|266|||27|||97|,163||
||2,127,691,|||425,651,5|||426,217,8|2,553,909||
|1.Common shares in RMB||48.63%||||566,370|||48.64%|
||266|||27|||97|,163||
|2.Foreign shares in|665,340,0|||133,068,0|||133,068,0|798,408,0||
|||15.21%|||||||15.21%|
|domestic market|00|||00|||00|00||
||4,375,236,|||875,047,3|||875,047,3|5,250,283||
|III. Total of capital shares||100.00%|||||||100.00%|
||655|||31|||31|,986||

Reasons for share changed:
√ Applicable□ Not applicable
1. The total shares have additional 875,047,331 shares on June 26, 2015 owing to the implementation of 2014 annual equity distribution program.
2. 566,370 Share A stocks have become the unrestricted circulation stocks since May 25, 2015 due to the dissolution of restriction procedure handled by some corporate shareholders in the equity division reform.
Approval of Change of Shares
□ Applicable√ Not applicable
Ownership transfer of share changes
□ Applicable√ Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to common shareholders of Company in latest year and period
√Applicable□Not applicable
After the implementation of stock dividend program in this time, the annual earnings per share is RMB0.57 in 2014 and the semi-annual earnings per share is RMB0.33, which are calculated according to the dilution of 5,250,283,986 new capital stocks. Other information necessary to disclose for the company or need to disclosed under requirement from security regulators
□ Applicable√ Not applicable
Explanation on changes in aspect of total shares, shareholders structures as well as structure of assets and liability of the Company□ Applicable√ Not applicable
II. Shareholders and actual controlling shareholder
In Shares
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||||Total number of preferred|||||||
|Total number of common|||||shareholders that had restored|||||||
|shareholders at the end of the|106,697||||the|||0||||
|reporting period|||||voting right at the end of the|||||||
||||||reporting period (if any) (note 8)|||||||
|Particulars about shares held above 5% by shareholders or top ten shareholders||||||||||||
|||||||||||Number os||
|||||||||||share||
||||Propor|||||||||
|||||||||||pledged/fro||
||||tion of|Number of||Changes in|Amount of||Amount of|||
|||Nuture of||||||||zen||
|Shareholders|||shares|shares held at||reporting|restricted||un-restricted|||
|||shareholder||||||||State||
||||held|period -end||period|shares held||shares held|||
|||||||||||of|Amo|
||||（%）|||||||||
|||||||||||shar|unt|
|||||||||||e||
|Guangdong Yudean Group Co.,Ltd.||State-ownedlegal person|67.39%|3,538,005,285||589,667,548|1,893,342,621||1,644,662,664|||
|Guangdong Guangfa ElectricPower Investment Co., Ltd.||State-ownedlegal person|2.29%|120,183,822||18,406,637||||||
|Guangdong Electric PowerDevelopment Corporation||State-ownedlegal person|1.80%|94,367,341||15,727,890||||||
|China ResourcesSZITIC TrustCo., Ltd.－Zexi No.6 single trustfund||Domestic nonState-ownedLegal person|0.72%|37,769,243||37,769,243||||||
|GOLDEN CHINA MASTERFUND||Overseas legalperson|0.62%|32,393,060||5,398,843||||||

|||||||||
|-|-|-|-|-|-|-|-|
|NORGES BANK|Overseas legalperson|0.58%|30,329,088||9,879,662|||
|National social security fund 102|Domestic nonState-ownedLegal person|0.46%|23,999,685||23,999,685|||
|GREENWOODS CHINAALPHA MASTER FUND|Overseas legalperson|0.39%|20,238,886||3,373,148|||
|CHINA INT'L CAPITAL CORPHONG KONG SECURITIESLTD|Overseas legalperson|0.33%|17,575,735||6,927,492|||
|BBH A/C VANGUARDEMERGING MARKETSSTOCK INDEX FUND|Overseas legalperson|0.30%|15,996,644||2,666,107|||
|Strategy investors or general legal person becomes||||||||
|top 10 shareholders due to rights issued (if||Not applicable||||||
|applicable)（See Notes 3）||||||||
|||The third largest shareholder Guangdong Electric Power Development Co.,||||||
|||Ltd. and the tenth largest shareholders Guangdong Chaokang Investment Co.,||||||
|Explanation on associated relationship among the||||||||
|||Ltd. are the wholly-owned subsidiaries of the largest shareholder Yudean||||||
|aforesaid shareholders||||||||
|||Group. These three companies have relationships; whether the other||||||
|||shareholders have relationships or unanimous acting was unknown.||||||
|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|||Quant|
|||||||Share type||
|||||period|||ity|
|Guangdong Yudean Group Co., Ltd.||||1,644,662,664||RMB Common||
|||||||shares||
|Guangdong Guangfa Electric Power Investment Co., Ltd.||||120,183,822||RMB Common||
|||||||shares||
|Guangdong Electric Power Development Corporation||||94,367,341||RMB Common||
|||||||shares||
|China ResourcesSZITIC Trust Co., Ltd.－Zexi No.6 single trust fund||||37,769,243||RMB Common||
|||||||shares||
|GOLDEN CHINA MASTER FUND||||32,393,060||Foreign shares||
|||||||placed in domestic||
|||||||exchange||
|NORGES BANK||||30,329,088||Foreign shares||
|||||||placed in domestic||

||||
|-|-|-|
|||exchange|
|National social security fund 102|23,999,685|RMB Common|
|||shares|
|GREENWOODS CHINA ALPHA MASTER FUND|20,238,886|Foreign shares|
|||placed in domestic|
|||exchange|
|CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD|17,575,735|Foreign shares|
|||placed in domestic|
|||exchange|
|BBH A/C VANGUARD EMERGING MARKETS STOCK INDEXFUND|15,996,644|Foreign shares|
|||placed in domestic|
|||exchange|
||The third largest shareholder Guangdong Electric Power||
||Development Co., Ltd. and the tenth largest shareholders||
|Explanation on associated relationship or consistent action among the|||
||Guangdong Chaokang Investment Co., Ltd. are the||
|top 10 shareholders of non-restricted negotiable shares and that|||
||wholly-owned subsidiaries of the largest shareholder Yudean||
|between the top 10 shareholders of non-restricted negotiable shares|||
||Group. These three companies have relationships; whether||
|and top 10 shareholders|||
||the other shareholders have relationships or unanimous||
||acting was unknown.||
|Explanation on shareholders participating in the margin trading|||
||Not applicable||
|business(if any )(see note 4)|||

Did any shareholder of the Company carry out an agreed buy-back in the reorting period?
□ Yes√ No
Shareholders of the Company had not carried out any agreed buy-back in the reporting period.
III. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable√ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable√ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
IV. Particulars on shareholding increase scheme during the reporting period proposed or implemented by the shareholders and act-in-concert persons
□ Applicable√ Not applicable
Within the scope known to the Company, there was no any shareholding increase scheme during the reporting period proposed or implemented by the shareholders and act-in-concert persons.
VII. Situation of the Preferred Shares
□Applicable√Not applicable
The Company had no preferred shares in the reporting period
VIII. Information about Directors, Supervisors and Senior Executives
I. Change in shares held by directors, supervisors and senior executives
□ Applicable√ Not Applicable
There was no change in shareholding of directors, supervisors and senior management staffs, for the specific information please refer to the 2014 Annual Report.
II. Changes in directors, supervisors and senior management staffs
√ Applicable□ Not applicable
||||||
|-|-|-|-|-|
|Name|Title|Type|Date|Reason|
|Pan Li|Chairman|Leave office|May 8,2015|Job transfer|
|Zhu Dejun|Director|Leave office|July 4, 2015|Job transfer|

IX. Financial Report
1. Audit report
Has this semi-annual report been audited?
□ Yes√ No
The semi-annual financial report has not been audited.
II. Financial statements
Currency unit for the statements in the notes to these financial statements:RMB
1. Consolidated balance sheet
Preparedby：Guangdong Electric Power Development Co., Ltd.
June 30,2015
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|6,540,700,432.00|4,548,277,314.00|
|Settlement provision|||
|Outgoing call loan|||
|Financial assets measured at fair value with variations accounted|||
|into current income account|||
|Derivative financial assets|||
|Bill receivable|||
|Account receivable|2,671,807,325.00|2,580,733,823.00|
|Prepayments|1,481,185,036.00|1,529,371,276.00|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts receivable|||
|Interest receivable|8,420,779.00|5,471,097.00|
|Dividend receivable|||
|Other account receivable|126,625,918.00|214,346,505.00|
|Repurchasing of financial assets|||

||||
|-|-|-|
|Inventories|1,571,237,553.00|1,623,199,010.00|
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|492,580,656.00|704,977,094.00|
|Total of current assets|12,892,557,699.00|11,206,376,119.00|
|Non-current assets：|||
|Loans and payment on other’s behalf disbursed|||
|Disposable financial asset|1,256,087,823.00|997,082,335.00|
|Expired investment in possess|||
|Long-term receivable|123,967,197.00|121,334,809.00|
|Long term share equity investment|6,367,106,019.00|6,604,709,646.00|
|Property investment|9,885,633.00|10,203,433.00|
|Fixed assets|37,729,248,891.00|39,164,300,297.00|
|Construction in progress|8,389,505,948.00|6,349,045,387.00|
|Engineering material|81,014,722.00|6,791,093.00|
|Fixed asset disposal|19,160,490.00|1,493,296.00|
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|1,577,827,189.00|1,487,859,824.00|
|R & D petrol|||
|Goodwill|27,486,780.00|2,449,886.00|
|Long-germ expenses to be amortized|29,889,683.00|31,000,707.00|
|Differed income tax asset|60,234,316.00|60,234,315.00|
|Other non-current asset|3,955,789,052.00|3,041,944,705.00|
|Total of non-current assets|59,627,203,743.00|57,878,449,733.00|
|Total of assets|72,519,761,442.00|69,084,825,852.00|
|Current liabilities|||
|Short-term loans|8,406,000,000.00|5,721,000,000.00|
|Loan from Central Bank|||
|Deposit received and hold for others|||
|Call loan received|||
|Financial liabilities measured at fair value with variations|||
|accounted into current income account|||
|Derivative financial liabilities|||

||||
|-|-|-|
|Bill payable|348,122,499.00|321,711,616.00|
|Account payable|2,790,630,896.00|1,913,294,877.00|
|Advance payment|213,308.00|179,708.00|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|176,586,942.00|105,824,243.00|
|Tax payable|507,237,847.00|462,231,344.00|
|Interest payable|232,025,448.00|214,956,543.00|
|Dividend payable|8,640,834.00|7,918,730.00|
|Other account payable|2,403,479,156.00|2,577,102,293.00|
|Reinsurance fee payable|||
|Insurance contract provision|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||
|Liabilities held for sales|||
|Non-current liability due in 1 year|1,169,877,724.00|4,497,962,344.00|
|Other current liability|725,119,863.00|808,630,228.00|
|Total of current liability|16,767,934,517.00|16,630,811,926.00|
|Non-current liabilities：|||
|Long-term loan|23,005,392,222.00|20,614,916,646.00|
|Bond payable|1,195,553,333.00|1,195,076,905.00|
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|2,698,892,032.00|2,649,435,371.00|
|Long-term payable employees’s remuneration|47,910,348.00|53,839,983.00|
|Special payable|38,508,105.00|16,192,269.00|
|Expected liabilities|||
|Differed income|93,510,570.00|98,197,020.00|
|Differed income tax liability|131,547,487.00|42,136,023.00|
|Other non-current liabilities|||
|Total non-current liabilities|27,211,314,097.00|24,669,794,217.00|
|Total of liability|43,979,248,614.00|41,300,606,143.00|
|Owners’ equity|||
|Share capital|5,250,283,986.00|4,375,236,655.00|

||||
|-|-|-|
|Other equity instruments|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|4,998,433,067.00|4,998,433,067.00|
|Less：Shares in stock|||
|Other comprehensive income|366,750,518.00|172,496,403.00|
|Special reserves|||
|Surplus reserves|5,812,191,775.00|4,810,903,365.00|
|Common risk provision|||
|Undistributed profit|5,922,597,050.00|6,952,985,107.00|
|Total of owner’s equity belong to the parent company|22,350,256,396.00|21,310,054,597.00|
|Minority shareholders’ equity|6,190,256,432.00|6,474,165,112.00|
|Total of owners’ equity|28,540,512,828.00|27,784,219,709.00|
|Total of liabilities and owners’ equity|72,519,761,442.00|69,084,825,852.00|

 Legal representative：Li Zhuoxian
Person-in-charge of the accountingwork：Li Xiaoqing
Person-in -charge of the accountingorgan：Qin Jingdongi
2. Balance sheet of Parent Company
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|613,597,767.00|468,233,799.00|
|Financial assets measured at fair value with variations accounted|||
|into current income account|||
|Derivative financial assets|||
|Bill receivable|||
|Account receivable|237,408,827.00|233,268,283.00|
|Prepayments|114,484,407.00|142,923,390.00|
|Interest receivable|1,339,226.00|1,786,468.00|
|Dividend receivable|||
|Other account receivable|316,104,051.00|360,853,242.00|

||||
|-|-|-|
|Inventories|123,167,317.00|110,192,735.00|
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset||85,145,999.00|
|Total of current assets|1,406,101,595.00|1,402,403,916.00|
|Non-current assets：|||
|Disposable financial asset|1,256,087,823.00|997,082,335.00|
|Expired investment in possess|||
|Long-term receivable|300,000,000.00|550,000,000.00|
|Long term share equity investment|22,762,244,204.00|21,651,878,481.00|
|Property investment|9,885,633.00|10,203,433.00|
|Fixed assets|1,198,816,768.00|1,269,105,391.00|
|Construction in progress|57,334,319.00|43,403,794.00|
|Engineering material|||
|Fixed asset disposal|7,073,236.00||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|97,551,166.00|99,372,754.00|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|||
|Differed income tax asset|||
|Other non-current asset|207,000,000.00|90,000,000.00|
|Total of non-current assets|25,895,993,149.00|24,711,046,188.00|
|Total of assets|27,302,094,744.00|26,113,450,104.00|
|Current liabilities|||
|Short-term loans|2,650,000,000.00|1,050,000,000.00|
|Financial liabilities measured at fair value with variations|||
|accounted into current income account|||
|Derivative financial liabilities|||
|Bill payable|||
|Account payable|322,742,072.00|92,264,357.00|
|Advance payment|||
|Employees’ wage payable|26,118,176.00|25,676,736.00|

||||
|-|-|-|
|Tax payable|64,891,903.00|46,543,086.00|
|Interest payable|26,203,223.00|141,345,087.00|
|Dividend payable|8,640,834.00|7,918,730.00|
|Other account payable|149,065,814.00|143,109,145.00|
|Liabilities held for sales|||
|Non-current liability due in 1 year||1,999,548,864.00|
|Other current liability|416,569,863.00|507,146,666.00|
|Total of current liability|3,664,231,885.00|4,013,552,671.00|
|Non-current liabilities：|||
|Long-term loan|1,500,000,000.00|1,500,000,000.00|
|Bond payable|1,195,553,333.00|1,195,076,905.00|
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Employees’ wage payable|10,419,714.00|11,640,351.00|
|Special payable|11,297,686.00|11,297,686.00|
|Expected liabilities|||
|Differed income|42,848,677.00|43,105,866.00|
|Differed income tax liability|97,591,185.00|32,839,813.00|
|Other non-current liabilities|||
|Total of Non-current liabilities|2,857,710,595.00|2,793,960,621.00|
|Total of liability|6,521,942,480.00|6,807,513,292.00|
|Owners’ equity|||
|Share capital|5,250,283,986.00|4,375,236,655.00|
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|5,607,138,564.00|5,607,138,564.00|
|Less：Shares in stock|||
|Other comprehensive income|366,750,518.00|172,496,403.00|
|Special reserves|||
|Surplus reserves|5,812,191,775.00|4,810,903,365.00|
|Undistributed profit|3,743,787,421.00|4,340,161,825.00|
|Total of owners’ equity|20,780,152,264.00|19,305,936,812.00|

||||
|-|-|-|
|Total of liabilities and owners’ equity|27,302,094,744.00|26,113,450,104.00|

 3.Consolidated Profit statement
In RMB
||||
|-|-|-|
|||Same period of the previous|
|Item|Report period||
|||year|
|I. Income from the key business|12,911,553,232.00|14,971,313,646.00|
|Incl：Business income|12,911,553,232.00|14,971,313,646.00|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|10,475,134,429.00|12,351,960,481.00|
|Incl：Business cost|9,181,722,019.00|10,982,443,113.00|
|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|105,962,706.00|85,666,772.00|
|Sales expense|821,137.00|1,471,882.00|
|Administrative expense|374,363,287.00|396,554,512.00|
|Financial expenses|812,265,280.00|887,886,490.00|
|Asset impairment loss||-2,062,288.00|
|Add：Gains from change of fir value （“-”for loss）|||
|Investment gain（“-”for loss）|519,970,718.00|350,116,580.00|
|Incl: investment gains from affiliates|317,900,849.00|336,254,319.00|
|Gains from currency exchange（“-”for loss）|||
|III. Operational profit（“-”for loss）|2,956,389,521.00|2,969,469,745.00|
|Add ：Non-operational income|21,200,140.00|16,955,331.00|
|Including：Income from disposal of non-current assets|894,294.00|1,616,440.00|
|Less：Non business expenses|1,064,715.00|26,279,545.00|

||||
|-|-|-|
|Incl：Loss from disposal of non-current assets|257,135.00|20,960,267.00|
|IV.Total profit(“-”for loss)|2,976,524,946.00|2,960,145,531.00|
|Less：Income tax expenses|578,388,722.00|637,267,131.00|
|V. Net profit|2,398,136,224.00|2,322,878,400.00|
|Net profit attributable to the owners of parent company|1,720,995,015.00|1,644,460,546.00|
|Minority shareholders’ equity|677,141,209.00|678,417,854.00|
|VI. Other comprehensive income|194,254,115.00|-4,280,394.00|
|Net of profit of other comprehensive income attributable to owners|||
||194,254,115.00|-4,280,394.00|
|of the 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 plans of changes in net debt o|||
|r net assets|||
|2.Other comprehensive income under the equity method investee ca|||
|n not be reclassified into profit or loss.|||
|（II）|||
||194,254,115.00|-4,280,394.00|
|Other comprehensive income that will be reclassified into profit or l|||
|oss.|||
|1.Other comprehensive income under the equity method investee ca|||
|n be reclassified into profit or loss.|||
|2.Gains and losses from changes in fair value available for sale fina|||
||194,254,115.00|-4,280,394.00|
|ncial assets|||
|3.Held-to-maturity investments reclassified to gains and losses of a|||
|vailable for sale financial assets|||
|4.The effective portion of cash flow hedges and losses|||
|5.Translation differences in currency financial statements|||
|6.Other|||
|7.Net of profit of other comprehensive income attributable to Minor|||
|ity shareholders’ equity|||
|VII. Total comprehensive income|2,592,390,339.00|2,318,598,006.00|
|Total comprehensive income attributable to the owner of the parent|||
||1,915,249,130.00|1,640,180,152.00|
|company|||
|Total comprehensive income attributable minority shareholders|677,141,209.00|678,417,854.00|
|VIII. Earnings per share|||
|（I）Basic earnings per share|0.33|0.31|
|(II)Diluted earnings per share|0.33|0.31|

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 RMB 0.
Legal representative：Li Zhuoxian
Person-in-charge of the accountingwork：Li Xiaoqing
Person-in -charge of the accountingorgan：Qin Jingdongi
4. Profit statement of the Parent Company
In RMB
||||
|-|-|-|
|||Same period of the previous|
|Items|Report period||
|||year|
|I. Income from the key business|1,097,666,614.00|1,336,343,088.00|
|Incl：Business cost|768,961,812.00|1,020,967,418.00|
|Business tax and surcharge|10,990,417.00|7,710,083.00|
|Sales expense||14,200.00|
|Administrative expense|54,106,442.00|62,046,419.00|
|Financial expenses|159,912,982.00|186,366,961.00|
|Asset impairment loss||-1,388,889.00|
|Add：Gains from change of fir value （“-”for loss）|||
|Investment gain（“-”for loss）|2,071,148,869.00|2,206,084,036.00|
|Incl: investment gains from affiliates|317,900,849.00|336,254,319.00|
|II. Operational profit（“-”for loss）|2,174,843,830.00|2,266,710,932.00|
|Add ：Non-operational income|1,719,783.00|3,417,625.00|
|Including：Income from disposal of non-current assets|||
|Less：Non business expenses|26,530.00|4,944,391.00|
|Incl：Loss from disposal of non-current assets|||
|III.Total profit(“-”for loss)|2,176,537,083.00|2,265,184,166.00|
|Less：Income tax expenses|21,528,415.00|13,847,441.00|
|IV. Net profit（“-”for net loss）|2,155,008,668.00|2,251,336,725.00|
|V.Net of profit of other comprehensive income|194,254,115.00|-4,280,394.00|
|（I）Other comprehensive income items that will not be|||
|reclassified into gains/losses in the subsequent accounting period|||
|1.Re-measurement of defined benefit plans of changes in net debt o|||
|r net assets|||

||||
|-|-|-|
|2.Other comprehensive income under the equity method investee ca|||
|n not be reclassified into profit or loss.|||
|（ II ）|||
|Other comprehensive income that will be reclassified into profit or l|194,254,115.00|-4,280,394.00|
|oss.|||
|1.Other comprehensive income under the equity method investee ca|||
|n be reclassified into profit or loss.|||
|2.Gains and losses from changes in fair value available for sale fina|||
||194,254,115.00|-4,280,394.00|
|ncial assets|||
|3.Held-to-maturity investments reclassified to gains and losses of a|||
|vailable for sale financial assets|||
|4.The effective portion of cash flow hedges and losses|||
|5.Translation differences in currency financial statements|||
|6.Other|||
|VI. Total comprehensive income|2,349,262,783.00|2,247,056,331.00|
|VII. Earnings per share：|||
|（I）Basic earnings per share|0.41|0.43|
|(II)Diluted earnings per share|0.41|0.43|

 5. 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 rending of services|15,036,477,914.00|17,544,601,068.00|
|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|6,168,959.00|5,269,271.00|
|Other cash received from business operation|81,857,382.00|107,482,653.00|
|Sub-total of cash inflow|15,124,504,255.00|17,657,352,992.00|
|Cash paid for purchasing of merchandise and services|6,733,903,103.00|10,306,659,130.00|
|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|755,190,690.00|705,648,519.00|
|Taxes paid|1,690,188,956.00|1,831,039,047.00|
|Other cash paid for business activities|243,041,072.00|279,876,385.00|
|Sub-total of cash outflow from business activities|9,422,323,821.00|13,123,223,081.00|
|Cash flow generated by business operation, net|5,702,180,434.00|4,534,129,911.00|
|II.Cash flow generated by investing|||
|Cash received from investment retrieving|217,476,155.00|95,095,390.00|
|Cash received as investment gains|150,543,015.00|145,416,583.00|
|Net cash retrieved from disposal of fixed assets, intangible assets,|||
||8,734,737.00|5,960,128.00|
|and other long-term assets|||
|Net cash received from disposal of subsidiaries or other operational|||
|||0.00|
|units|||
|Other investment-related cash received|52,028,777.00||
|Sub-total of cash inflow due to investment activities|428,782,684.00|246,472,101.00|
|Cash paid for construction of|||
|fixed assets, intangible assets|2,263,497,895.00|1,843,387,663.00|
|and other long-term assets|||
|Cash paid as investment||12,926,100.00|
|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|2,263,497,895.00|1,856,313,763.00|
|Net cash flow generated by investment|-1,834,715,211.00|-1,609,841,662.00|
|III.Cash flow generated by financing|||
|Cash received as investment|33,000,000.00|30,000,000.00|
|Incl: Cash received as investment from minor shareholders|33,000,000.00|30,000,000.00|

||||
|-|-|-|
|Cash received as loans|13,765,880,000.00|13,051,747,796.00|
|Cash received from bond placing|||
|Other financing –related ash received|||
|Sub-total of cash inflow from financing activities|13,798,880,000.00|13,081,747,796.00|
|Cash to repay debts|12,880,903,754.00|12,360,309,069.00|
|Cash paid as dividend, profit, or interests|2,752,618,351.00|2,878,919,825.00|
|Incl: Dividend and profit paid by subsidiaries to minor shareholders|943,649,890.00|1,171,005,593.00|
|Other cash paid for financing activities|50,400,000.00||
|Sub-total of cash outflow due to financing activities|15,683,922,105.00|15,239,228,894.00|
|Net cash flow generated by financing|-1,885,042,105.00|-2,157,481,098.00|
|IV. Influence of exchange rate alternation on cash and cash|||
|equivalents|||
|V.Net increase of cash and cash equivalents|1,982,423,118.00|766,807,151.00|
|Add: balance of cash and cash equivalents at the beginning of term|4,528,277,314.00|4,377,311,176.00|
|VI ..Balance of cash and cash equivalents at the end of term|6,510,700,432.00|5,144,118,327.00|

 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 rending of services|1,276,185,551.00|1,487,034,175.00|
|Tax returned|||
|Other cash received from business operation|12,896,711.00|26,812,959.00|
|Sub-total of cash inflow|1,289,082,262.00|1,513,847,134.00|
|Cash paid for purchasing of merchandise and services|414,080,693.00|758,970,126.00|
|Cash paid to staffs or paid for staffs|137,574,749.00|155,959,256.00|
|Taxes paid|130,030,174.00|84,282,692.00|
|Other cash paid for business activities|26,139,598.00|54,247,259.00|
|Sub-total of cash outflow from business activities|707,825,214.00|1,053,459,333.00|
|Cash flow generated by business operation, net|581,257,048.00|460,387,801.00|
|II.Cash flow generated by investing|||
|Cash received from investment retrieving|937,052,822.00|345,095,391.00|
|Cash received as investment gains|1,780,610,890.00|2,000,266,130.00|

||||
|-|-|-|
|Net cash retrieved from disposal of fixed assets, intangible assets,|||
||4,045.00|637,415.00|
|and 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 investment activities|2,717,667,757.00|2,345,998,936.00|
|Cash paid for construction of|||
|fixed assets, intangible assets|51,321,957.00|104,340,140.00|
|and other long-term assets|||
|Cash paid as investment|1,399,800,000.00|642,776,100.00|
|Net cash received from subsidiaries and other operational units|||
|Other cash paid for investment activities|||
|Sub-total of cash outflow due to investment activities|1,451,121,957.00|747,116,240.00|
|Net cash flow generated by investment|1,266,545,800.00|1,598,882,696.00|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|2,350,000,000.00|1,350,000,000.00|
|Cash received from bond placing|||
|Other financing –related ash received|||
|Sub-total of cash inflow from financing activities|2,350,000,000.00|1,350,000,000.00|
|Cash to repay debts|2,849,548,864.00|1,850,000,000.00|
|Cash paid as dividend, profit, or interests|1,142,890,016.00|1,182,014,830.00|
|Other cash paid for financing activities|||
|Sub-total of cash outflow due to financing activities|3,992,438,880.00|3,032,014,830.00|
|Net cash flow generated by financing|-1,642,438,880.00|-1,682,014,830.00|
|IV. Influence of exchange rate alternation on cash and cash|||
|equivalents|||
|V.Net increase of cash and cash equivalents|205,363,968.00|377,255,667.00|
|Add: balance of cash and cash equivalents at the beginning of term|408,233,799.00|296,476,854.00|
|VI ..Balance of cash and cash equivalents at the end of term|613,597,767.00|673,732,521.00|

 7. Consolidated Statement on Change inOwners’ Equity
Amount in this period
In RMB
|||
|-|-|
|Items|Amount in this period|

|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Owner’s equity Attributable to the Parent Company|||||||||||||
|||Other Equity|||||||||||Total|
|||||||||||||Minor||
|||instrusment||||Less:|Other||Surplu|Comm|||of|
||Share||||Capital|||Specia|||Attribu|shareh||
|||||||Shares|Compre||s|on risk|||owner|
||Capit|prefer|||reserve|||lized|||table|olders’||
||||Sustai|||in|hensive||reserve|provisi|||s’|
||al|red||Other|s|||reserve|||profit|equity||
||||nable|||stock|Income||s|on|||equity|
|||stock||||||||||||
||||debt|||||||||||
||4,375,||||4,998,4||||4,810,9||6,952,9|6,474,1|27,784,|
|I.Balance at the|||||||172,496|||||||
||236,65||||33,067.||||03,365.||85,107.|65,112.|219,709|
|end of last year|||||||,403.00|||||||
||5.00||||00||||00||00|00|.00|
|Add: Change of||||||||||||||
|accounting||||||||||||||
|policy||||||||||||||
|Correcting of||||||||||||||
|previous errors||||||||||||||
|Merger of entities||||||||||||||
|under common||||||||||||||
|control||||||||||||||
|Other||||||||||||||
|II.Balance at the|4,375,||||4,998,4||||4,810,9||6,952,9|6,474,1|27,784,|
||||||||172,496|||||||
|beginning of|236,65||||33,067.||||03,365.||85,107.|65,112.|219,709|
||||||||,403.00|||||||
|current year|5.00||||00||||00||00|00|.00|
||875,04||||||||1,001,2||-1,030,3|-283,90||
|III.Changed in the|||||||194,254||||||756,293|
||7,331.||||||||88,410.||88,057.|8,680.0||
|current year|||||||,115.00||||||,119.00|
||00||||||||00||00|0||
|（1）Total|||||||||||1,720,9||2,592,3|
||||||||194,254|||||677,141||
|comprehensive|||||||||||95,015.||90,339.|
||||||||,115.00|||||,209.00||
|income|||||||||||00||00|
|（II）Investment||||||||||||||
|||||||||||||-17,400,|-17,400,|
|or decreasing of||||||||||||||
|||||||||||||000.00|000.00|
|capital by owners||||||||||||||
|1．Ordinary Share||||||||||||||
|||||||||||||-17,400,|-17,400,|
|s invested by hare||||||||||||||
|||||||||||||000.00|000.00|
|holders||||||||||||||
|2．Holders of oth||||||||||||||
|er equity instrume||||||||||||||
|nts invested capital||||||||||||||
|3．Amount of||||||||||||||
|shares paid and||||||||||||||
|accounted as||||||||||||||

|||||||||
|-|-|-|-|-|-|-|-|
|owners’ equity||||||||
|4．Other||||||||
|||||1,001,2|-2,751,3|-943,64|-2,693,7|
|（III）Profit||||||||
|||||88,410.|83,072.|9,889.0|44,551.|
|allotment||||||||
|||||00|00|0|00|
|||||1,001,2|-1,001,2|||
|1.Providing of||||||||
|||||88,410.|88,410.|||
|surplus reserves||||||||
|||||00|00|||
|2.Providing of||||||||
|common risk||||||||
|provisions||||||||
|3．Allotment to the|||||-1,750,0|-943,64|-2,693,7|
|owners (or|||||94,662.|9,889.0|44,551.|
|shareholders)|||||00|0|00|
|4．Other||||||||
|(IV) Internal|875,04|||||||
||||||||875,047|
|transferring of|7,331.|||||||
||||||||,331.00|
|owners’ equity|00|||||||
|1. Capitalizing of||||||||
|capital reserves (or||||||||
|to capital shares)||||||||
|2. Capitalizing of||||||||
|surplus reserves||||||||
|(or to capital||||||||
|shares)||||||||
|3．Making up||||||||
|losses by surplus||||||||
|reserves.||||||||
||875,04|||||||
||||||||875,047|
|4. Other|7,331.|||||||
||||||||,331.00|
||00|||||||
|(VI Special||||||||
|reserves||||||||
|1. Provided this||||||||
|year||||||||
|2．Used this term||||||||
|（VII）Other||||||||
|IV. Balance at the|5,250,|4,998,4|366,750|5,812,1|5,922,5|6,190,2|28,540,512,828|
|end of this term|283,98|33,067.|,518.00|91,775.|97,050.|56,432.||

|||||||
|-|-|-|-|-|-|
|6.00|00|00|00|00|.00|

 Amount in last year
In RMB
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Amount in last year|||||||||||||
||Owner’s equity Attributable to the Parent Company|||||||||||||
|||Other Equity|||||||||||Total|
|||||||||||||Minor||
|||instrusment||||Less:|Other||Surplu|Comm|||of|
|Items||||||||||||||
||Share||||Capital|||Specia|||Attribu|shareh||
|||||||Shares|Compre||s|on risk|||owner|
||Capit|prefer|||reserve|||lized|||table|olders’||
||||Sustai|||in|hensive||reserve|provisi|||s’|
||al|red||Other|s|||reserve|||profit|equity||
||||nable|||stock|Income||s|on|||equity|
|||stock||||||||||||
||||debt|||||||||||
||4,375,||||4,987,6||||4,203,5||5,431,3|6,537,7|25,592,|
|I.Balance at the|||||||57,020,|||||||
||236,65||||98,211.||||71,276.||87,393.|56,802.|670,852|
|end of last year|||||||515.00|||||||
||5.00||||00||||00||00|00|.00|
|Add: Change of||||||||||||||
|accounting||||||||||||||
|policy||||||||||||||
|Correcting of||||||||||||||
|previous errors||||||||||||||
|Merger of entities||||||||||||||
|under common||||||||||||||
|control||||||||||||||
|Other||||||||||||||
|II.Balance at the|4,375,||||4,987,6||||4,203,5||5,431,3|6,537,7|25,592,|
||||||||57,020,|||||||
|beginning of|236,65||||98,211.||||71,276.||87,393.|56,802.|670,852|
||||||||515.00|||||||
|current year|5.00||||00||||00||00|00|.00|
|||||||||||||-462,58||
|III.Changed in the|||||||-8,823,3||607,332||162,081||298,002|
|||||||||||||7,738.0||
|current year|||||||13.00||,089.00||,126.00||,164.00|
|||||||||||||0||
|（1）Total|||||||||||1,644,4||2,314,0|
||||||||-8,823,3|||||678,417||
|comprehensive|||||||||||60,546.||55,087.|
||||||||13.00|||||,854.00||
|income|||||||||||00||00|
|（II）Investment||||||||||||||
|||||||||||||30,000,|30,000,|
|or decreasing of||||||||||||||
|||||||||||||000.00|000.00|
|capital by owners||||||||||||||
|1．Ordinary Share||||||||||||||
|||||||||||||30,000,|30,000,|
|s invested by hare||||||||||||||
|||||||||||||000.00|000.00|
|holders||||||||||||||

|||||||||
|-|-|-|-|-|-|-|-|
|2．Holders of oth||||||||
|er equity instrume||||||||
|nts invested capital||||||||
|3．Allotment to the||||||||
|owners (or||||||||
|shareholders)||||||||
|4．Other||||||||
|(IV) Internal|||||-1,482,3|-1,171,|-2,046,0|
|||||607,332||||
|transferring of|||||79,420.|005,592|52,923.|
|||||,089.00||||
|owners’ equity|||||00|.00|00|
|1. Capitalizing of|||||-607,33|||
|||||607,332||||
|capital reserves (or|||||2,089.0|||
|||||,089.00||||
|to capital shares)|||||0|||
|2. Capitalizing of||||||||
|surplus reserves||||||||
|(or to capital||||||||
|shares)||||||||
|3．Making up|||||-875,04|-1,171,|-2,046,0|
|losses by surplus|||||7,331.0|005,592|52,923.|
|reserves.|||||0|.00|00|
|4. Other||||||||
|(VI )Special||||||||
|reserves||||||||
|1. Provided this||||||||
|year||||||||
|2．Used this term||||||||
|（VII）Other||||||||
|IV. Balance at the||||||||
|end of this term||||||||
|(V) Special||||||||
|reserves||||||||
|1. Provided this||||||||
|year||||||||
|2．Used this term||||||||
|（VI）Other||||||||
||4,375,|4,987,6||4,810,9|5,593,4|6,075,1|25,890,|
|IV. Balance at the|||48,197,|||||
||236,65|98,211.||03,365.|68,519.|69,064.|673,016|
|end of this term|||202.00|||||
||5.00|00||00|00|00|.00|

8.Statement of change inowner’s Equity of the Parent Company
Amount in this period
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||Amount in this period|||||||||||
|||Other Equity instrusment||||||||||
||||||||Other|||||
|||||||Less:|||Common|Attribut|Total of|
|Items|Share||||Capital||Compreh|Surplus||||
|||preferre|Sustain|||Shares in|||risk|able|owners’|
||Capital|||Other|reserves||ensive|reserves||||
|||d stock|able|||stock|||provision|profit|equity|
||||||||Income|||||
||||debt|||||||||
|||||||||||4,340,1||
|I.Balance at the|4,375,23||||5,607,138||172,496,4||4,810,903||19,305,93|
|||||||||||61,825.||
|end of last year|6,655.00||||,564.00||03.00||,365.00||6,812.00|
|||||||||||00||
|Add: Change of||||||||||||
|accounting||||||||||||
|policy||||||||||||
|Correcting of||||||||||||
|previous errors||||||||||||
|Other||||||||||||
|II.Balance at the||||||||||4,340,1||
||4,375,23||||5,607,138||172,496,4||4,810,903||19,305,93|
|beginning of||||||||||61,825.||
||6,655.00||||,564.00||03.00||,365.00||6,812.00|
|current year||||||||||00||
|||||||||||-596,37||
|III.Changed in the|875,047,||||||194,254,1||1,001,288||1,474,215|
|||||||||||4,404.0||
|current year|331.00||||||15.00||,410.00||,452.00|
|||||||||||0||
|（I）Total||||||||||2,155,0||
||||||||194,254,1||||2,349,262|
|comprehensive||||||||||08,668.||
||||||||15.00||||,783.00|
|income||||||||||00||
|(II) Investment or||||||||||||
|decreasing of||||||||||||
|capital by owners||||||||||||
|1．Ordinary Share||||||||||||
|s invested by hareh||||||||||||
|olders||||||||||||
|2．Holders of oth||||||||||||
|er equity instrume||||||||||||
|nts invested capital||||||||||||
|3.Amount of||||||||||||

||||||||
|-|-|-|-|-|-|-|
|shares paid and|||||||
|accounted as|||||||
|owners’ equity|||||||
|4．Other|||||||
||||||-2,751,3||
|（III）Profit||||1,001,288||-1,750,09|
||||||83,072.||
|allotment||||,410.00||4,662.00|
||||||00||
||||||-1,001,2||
|1.Providing of||||1,001,288|||
||||||88,410.||
|surplus reserves||||,410.00|||
||||||00||
|2．Allotment to the|||||-1,750,0||
|||||||-1,750,09|
|owners (or|||||94,662.||
|||||||4,662.00|
|shareholders)|||||00||
|3．Other|||||||
|(IV)Internal|||||||
||875,047,|||||875,047,3|
|transferring of|||||||
||331.00|||||31.00|
|owners’ equity|||||||
|1. Capitalizing of|||||||
|capital reserves (or|||||||
|to capital shares)|||||||
|2. Capitalizing of|||||||
|surplus reserves|||||||
|(or to capital|||||||
|shares)|||||||
|3．Making up|||||||
|losses by surplus|||||||
|reserves.|||||||
||875,047,|||||875,047,3|
|4. Other|||||||
||331.00|||||31.00|
|(V) Special|||||||
|reserves|||||||
|1. Provided this|||||||
|year|||||||
|2．Used this term|||||||
|（VI）Other|||||||
||||||3,743,7|20,780,152,264.00|
|IV. Balance at the|5,250,28|5,607,138|366,750,5|5,812,191|||
||||||87,421.||
|end of this term|3,986.00|,564.00|18.00|,775.00|||
||||||00||

Amount in last year
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||Amount in last year|||||||||||
|||Other Equity instrusment||||||||||
||||||||Other||Commo|||
|||||||Less:||||Attribu|Total of|
|Items|Share||||Capital||Compreh|Surplus|n risk|||
|||preferre|Sustain|||Shares||||table|owners’|
||Capital|||Other|reserves||ensive|reserves|provisio|||
|||d stock|able|||in stock||||profit|equity|
||||||||Income||n|||
||||debt|||||||||
|||||||||||2,961,7||
|I.Balance at the|4,375,23||||5,596,404||57,020,51||4,203,571||17,193,94|
|||||||||||17,216.||
|end of last year|6,655.00||||,133.00||5.00||,276.00||9,795.00|
|||||||||||00||
|Add: Change of||||||||||||
|accounting||||||||||||
|policy||||||||||||
|Correcting of||||||||||||
|previous errors||||||||||||
|Other||||||||||||
|II.Balance at the||||||||||2,961,7||
||4,375,23||||5,596,404||57,020,51||4,203,571||17,193,94|
|beginning of||||||||||17,216.||
||6,655.00||||,133.00||5.00||,276.00||9,795.00|
|current year||||||||||00||
|III.Changed in the|||||||-8,823,31||607,332,0|768,957|1,367,466|
|current year|||||||3.00||89.00|,305.00|,081.00|
|（I）Total||||||||||2,251,3||
||||||||-8,823,31||||2,242,513|
|comprehensive||||||||||36,725.||
||||||||3.00||||,412.00|
|income||||||||||00||
|(II) Investment or||||||||||||
|decreasing of||||||||||||
|capital by owners||||||||||||
|1．Ordinary Share||||||||||||
|s invested by hareh||||||||||||
|olders||||||||||||
|2．Holders of oth||||||||||||
|er equity instrume||||||||||||
|nts invested capital||||||||||||
|3.Amount of||||||||||||
|shares paid and||||||||||||
|accounted as||||||||||||
|owners’ equity||||||||||||
|4．Other||||||||||||

||||||||
|-|-|-|-|-|-|-|
||||||-1,482,3||
|（III）Profit||||607,332,0||-875,047,|
||||||79,420.||
|allotment||||89.00||331.00|
||||||00||
||||||-607,33||
|1.Providing of||||607,332,0|||
||||||2,089.0||
|surplus reserves||||89.00|||
||||||0||
|2．Allotment to the|||||-875,04||
|||||||-875,047,|
|owners (or|||||7,331.0||
|||||||331.00|
|shareholders)|||||0||
|3．Other|||||||
|(IV)Internal|||||||
|transferring of|||||||
|owners’ equity|||||||
|1. Capitalizing of|||||||
|capital reserves (or|||||||
|to capital shares)|||||||
|2. Capitalizing of|||||||
|surplus reserves|||||||
|(or to capital|||||||
|shares)|||||||
|3．Making up|||||||
|losses by surplus|||||||
|reserves.|||||||
|4. Other|||||||
|(V) Special|||||||
|reserves|||||||
|1. Provided this|||||||
|year|||||||
|2．Used this term|||||||
|（VI）Other|||||||
||||||3,730,6||
|IV. Balance at the|4,375,23|5,596,404|48,197,20|4,810,903||18,561,41|
||||||74,521.||
|end of this term|6,655.00|,133.00|2.00|,365.00||5,876.00|
||||||00||

III．Basic Information of the Company
Guangdong Electric Power Development Co., Ltd. ("the Company") is a joint stock limited company jointly sponsored and established by Guangdong Electric Power Group Company, Guangdong Trust Investment Company under Construction Bank of
China, Guangdong Electric Power Development Company, Guangdong International Trust Investment Company and Guangdong
Development Bank (now as Guangdong Guangkong Co., Ltd.) on 8 September 1992,. At the time of establishment, the registered
capital of the Company was 356,250,000 ordinary shares with par value of RMB 1 per share.
The Company issued 44,000,000 Renminbi denominated ordinary shares (“A shares”) and 105,000,000 domestically listed foreign shares (“B shares”) for listing on the Shenzhen Stock Exchange on 26 November 1993 and 28 June 1995 respectively. After this issuance, the total share capital of the Company increased to RMB 505,250,000.
In 2001, prusuant to the approval on the implementation Plan of GuangdongProvince’s Reform of power industry structure Relating to Restructuring of Generation and Transmission Assets, a document issued by Guangdong Provincial Government and referred to as Yue Fu Han 2001 No.252, Guangdong Electric Power Holding Co.( “GPHC”), the former major shareholder of the Company, was split into two separate companies, namely, Guangdong Power Grid Corporation ( “GPGC”,formerly Guangdong Guangdian Group Co., Ltd.”), and Guabngdong Yudean Group Co., Ltd.(“Yudean” formerly Guangdong Yudean Assets Management Co., Ltd.”). After restructuring, the electrictity transmission and distribution in Guangdong Province, The PRC, were controlled and managed by GPGC, while Yudean concentrated in the investment and management of power plants. According to the Reply to issues in the Restructuring of Provincial Power Companies assets with a document number of Yue Cai Qi (2001)No.247, theCompany’s50.15% equity interest formerly held by GPHC was transferred to Yudean on August 1,2001.
Pursuant to the Approval on the Share Reform Scheme of Guangdong Electric Power Development Co., Ltd. (Yue Guo ZiHan[2005] No.452) issued by the State-owned Assets Supervision and Administration Commission of Guangdong Province (Guangdong SASAC), the Company carried out the non-tradable share reform on 18
January 2006. The non-tradable shareholders paid 3.1 shares per 10 shares to the tradable A-share shareholders, who were registered on the date of the equity change registration (18 January 2006), and 121,357,577 legal person shares were paid in total.All the legal person shares can be traded on the Shenzhen Stock Exchange starting from
19 January 2006, but they are subject to lock-up periods ranging from one to three years.After the share reform,Yudean’s equity interest in the Company decreased to 46.34%. All corporate shares of the company hold tradable and listed the Shenzhen Stock Exchange, the convention of the restricted period ra nging from 1-3 years. After the share reform,Yudean’s equity interest in the Company decreased to46.34%. Due to the selling restriction, 4,416,925 legal person shares originally held by
the non-tradable shareholders were still untradable as at 31 December 2014.
According to “Approval of Non-publicly Issued Shares for Guangdong Power Development Co.,Ltd”（CSRC License No.[2010]376） on April, 2010, The non-publicly issued A shares of parties, Yudean Group actually purchase 138,047,138 of A shares. After the non-public issued, the stock shares which were owned by Yudean Group Increased from46.34% to48.99%
Pursuant to the approval on the Restructuring Plan of Guangdong Yudean Group Co., Ltd and Guangdong Electric Power Development Co., Ltd., and the Approval on the Guangdong Electric Power Development Co., Ltd., Issuing Shares to Buy Assets of Guangdong Yudean Group Co., Ltd. Documents issued by the Stte-owned Assets Supervision and Administration Commission of Guangdong and accordingly referred to as Yue Guo Zi Han(2011) No.945 and Zheng Jian Xu Ke(2012) No.865, the Company non-public offered the domestic listed ordinary shares( A share) in December, 2012, 1 RMB in book value per share and 4.73 RMB is issue price per share, and the number of issued is 1,577,785,517, which once registered in Guangdong Yudean Group Co., Ltdcan’t transfer to others within 36 months. Yudean used its60% stake in Shenzhen Guangqian Electric Power Co., Ltd. (“Guangqian Electric”),35% stake in Guangdong Huizhou Natural Gas Power Co., Ltd. (“Huizhou Natural Gas”),40% stake in Guangdong Yudean Shibeishan Wind Power Co., Ltd. (“Shibeishan”),45% stake in
Guangdong Huizhou Pinghai Power Co., Ltd. (“Huizhou Pinghai”),40% stake in Guangdong Red Bay Power Generation Co., Ltd. (“Red Bay”),20% stake in Guangdong Guohua Yudean Taishan Generation Company (“Guohua Taishan”) and15% stake in Guangdong Electric Fuel Supply Co., Ltd. (“Fuel Supply”) (collectively
referred to as “Targeted Assets”) to buy theCompany’s domestically listed ordinary shares (A shares). After the share issuance, the Company had a total of 4,375,236,655 shares in circulation, andYudean’s equity interest in the Company increased from48.99% to
67.39%.
The Company and its subsidiaries (the “Group”) are principally engaged in the businesses of developing and operating electric power plants in Guangdong Province,the PRC. TheCompany’s registered address is 23rd, 25th and 26th floor, Yudean Plaza, 2 Tianhe East Road, Guangzhou City, Guangdong Province, the PRC. Yudean is the parent company of the Company and State-owned Assets Supervision and Administration Commission of thePeople’s Government of Guangdong Province is the actual controller.
The profit distribution plan reviewed and approved by the boarding meeting was summarized as follows:
Total share of 4,375,236,655 shares or Base on the Company‘s total share capital, The Company would distribute 2 bonus for every 10 shares to all the shareholders.After the dividend, the total share capital increased to 5,250,283,986 shares, company has implemented and completed the equity distribution on June 26, 2015.
The Company and its subsidiaries (the “Group”) are principally engaged in the susiness of developing electric power plants in Guangdong Province, the PRC. TheCompany’s registered address is 23 to 26 floor, Yudean Plaza, 2 Tianhe East Road, Guangzhou City, Guangdong Province, the PRC. Yudean Group is the Parent Company of the company.
State-owned Assets Supervision and Administration Commission, thePeople’s Govemment of Guangdong Province is the actual controller of the Company.
For the Consolidation scope changed of the Group, please refer to VIII.
For the information of subsidiaries of the Company, please refer to Note XII.
IV.Basis for the preparation of financial statements
1.Basis for the preparation
The Company's financial statements were compiled on the basis of the continuous operation assumption ,according to the actual transactions and events, and in accordance with the "enterprise accounting standards -basic standards" (Announcement on Decree No.33, the Ministry of Finance, Amendment on Decree No. 76 ,the Ministry of Finance) and 41 specific accounting standards, the enterprise accounting standards application guide, the enterprise accounting standards explanation and other relevant regulations (referring to "enterprise accounting standard" collectively) issued and revised on and after February 15, 2006, and the regulations on‘‘Information Disclosure Compilation Rules No. 15 by the Company issuing stocks publicly - general provisions of the financial report "(revising in 2014) disclosed by China Securities Supervision and Management Committee.
2. Continuous operation.
The Company since 12 months after the reporting period does not exist on the company's continued viability of significant concern e vents or circumstances.
V. Significant accounting policies and accounting estimates
Specific accounting policies and accounting estimates tips:
2.Complying with the statements in Accounting Standards for Business Enterprises
The financial Report and statements are prepared with compliance to the requirement of the Enterprise Accounting Standard. They reflect the financial position as of June 30, 2015 as well as the business performance and cash flow situation in the first half of 2015 of the Company frankly and completely.
3. Accounting period
Fiscal year is dated from Gregorian calendar Jan., 1 to Gregorian calendar Decmber., 31. The accounting of the financial statements during the period starts from January 1, 2015 to 6 months ended June 30,
4.Business cycle
TheCompany’s normal business cycle is the period from the acquisition of assets such as those for the generation of electricity to the realisation of cash or cash equivalents.The business cycles for principal activities are usually less than 12 months.
5 Functional currency
TheCompany’s functional currency is Renminbi and these financial statements are presented in Renminbi.
5. Accounting process method of enterprise consolidation under same and different controlling.
(1) Business combinations involving enterprises under common control
A business combination involving enterprises under common control is a business combination in which all of the combining enterprises are ultimately controlled by the same party or parties both before and after the business combination, and that control is not transitory. The assets and liabilities obtained are measured at the carrying amounts as recorded by the enterprise being combined at the combination date. The difference between the carrying amount of the net assets obtained and the carrying amount of consideration paid for the combination (or the total par value of shares issued) is adjusted to share premium (or capital premium) in the capital reserve. If the balance of share premium (or capital premium) is insufficient, any excess is adjusted to retained earnings. Any costs directly attributable to the combination are recognised in profit or loss for the current period when occurred. The combination date is the date on which one combining enterprise effectively obtains control of the other combining enterprises.Transaction costs incurred from the issuance of equity securities or debt securities for the combination are included in the initial costs of equity securities or debt securities.Other costs directly attributable to the combination are recognised in profit or loss for the current period.
(2) Business combinations involving enterprises not under common control
A business combination involving enterprises not under common control is a business combination in which all of the combining enterprises are not ultimately controlled by the same party or parties both before and after the business combination. the aggregate of the fair value at the acquisition date of assets transferred (including theacquirer’s previously held equity interest in the acquiree), liabilities incurred or assumed,and equity securities issued by the acquirer, in exchange for control of the acquiree,exceeds. theacquirer’s interest in the fair value at the acquisition date of theacquiree’s identifiable net assets, the difference is recognised as goodwill. the difference is recognised in profit or loss for the current period. The costs of the issuance of equity or debt securities as a part of the consideration paid for the acquisition are included as a part of initial recognition amount of the equity or debt securities. Other acquisition-related costs arising from the business combination are recognised as expenses in the periods in which the costs are incurred.The difference between the fair value and the carrying amount of the assets transferred is recognised in profit or loss. Theacquiree’s identifiable assets, liabilities and contingent liabilities, if satisfying the recognition criteria, are recognised by the Group at their fair value at the acquisition date. The acquisition date is the date on which the acquirer effectively obtains control of the acquiree.
6．Consolidated financial statements
(1) General principle
The scope of consolidated financial statements is based on control and the consolidated financial statements comprise the Company and its subsidiaries. Control is the power to govern the financial and operating policies of the investee so as to obtain benefits from its operating activities, and the power to influence its investment return. In accessing control, the Group only takes into account the substantive rights relevant to the investee, including those entitiled to the Group and other parties. The financial position, financial performance and cash flows of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.
(2) Acquisition of subsidiaries through business combinations
Non-controlling interest is presented separately in the consolidated balance sheet withinshareholders’ equity. Net profit or loss attributable to non-controlling shareholders is presented separately in the consolidated income statement below the net profit lineitem. Comprehensive income attributable to non-controlling shareholders is presented separately in the consolidated income statement below the total comprehensive income line item.
When the amount of loss for the current period attributable to the non-controlling shareholders of a subsidiary exceeds the
non-controllingshareholders’ portion of the opening balance ofowners’ equity of the subsidiary, the excess is allocated against the non-controlling interests.
When the accounting period or accounting policies of a subsidiary are different from those of the Company, the Company makes necessary adjustments to the financial statements of the subsidiary based on theCompany’s own accounting period or accounting policies. Intra-group balances and transactions, and any unrealised profit or
loss arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealised losses resulting from intra-group transactions are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of impairment.
Where a subsidiary was acquired during the reporting period, through a businesscombination involving enterprises under common control, the financial statements of the subsidiary are included in the consolidated financial statements as if the combination had occurred at the date that the ultimate controlling party first obtained
control. The opening balances and the comparative figures of the consolidated financial statements are also restated. In the preparation of the consolidated financial statements,thesubsidiary’s assets and liabilities based on their carrying amounts are included in the consolidated balance sheet, and financial performance is included in the
consolidated income statement, respectively, from the date that the ultimate parent company of the Company obtains the control of the subsidiary to be consolidated.
Where a subsidiary was acquired during the reporting period, through a business combination involving enterprises not under common control, the identifiable assets and liabilities of the acquired subsidiaries are included in the scope of consolidation from the date that control commences, base on the fair value of those identifiable assets and liabilities at the acquisition date.
(3) Disposal of subsidiaries
When the Group loses control of a subsidiary due to the disposal of a portion of an equity investment, the Group derecognises assets, liabilities, non-controlling interests and other related items inowners’equity in relation to that subsidiary. The remaining equity investment is remeasured at its fair value at the date when control is lost. Any
gains or losses therefor incurred are recognised as investment income for the current period when control is lost.
When the disposal of a long-term equity investment in a subsidiary is achieved through multiple deals in stages to the extent that the control of the subsidiary is lost, apply the following criteria to determine whether these deals can be defined as a package deal: - these deals are concluded simultaneously or taking into account the inter-relations of each deal;
- only when all the deals are combined can complete business results be achieved;
- the existence of a deal is dependent on the existence of at least one other deal;
- a deal is uneconomical when considered separately, but economical when considered in combination with other deals.
If the deals do not satisfy the above criteria, deals before the loss of control of will beaccounted for based on the accounting policy set out for the disposal of a portion of an equity investment in an subsidiary when the Group still has control.
If the deals satisfy the above criteria, the deals will be accounted for as the disposal of a
subsidiary where control is lost. The difference between the amount of consideration received from each deal and the share in the carrying amount of net assets in the subsidiary immediately before the loss of control is recognised in other comprehensive income in the consolidated financial statements and transferred to profit and loss for the current period when control is lost.
(4) Changes in non-controlling interests
Where the Company acquires a non-controlling interest from asubsidiary’s non-controlling shareholders or disposes of a portion of an interest in a subsidiary without a change in control, the difference between the amount by which the non-controlling interests are adjusted and the amount of the consideration paid or received is adjusted to the capital reserve (share premium) in the consolidated balance sheet. If the credit balance of capital reserve (share premium) is insufficient, any excess is adjusted to retained earnings. 7. Cash and cash equivalents
The cash listed in cash flow table refers to stored cash and payable deposit whenever, the term “ cash “ refers to cash on hand and deposits that are available for payment at any time. The term : cash equivalents” refers to short-term and highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value.
8. Foreign currency Convert
When the Group receives capital in foreign currencies from investors, the capital is translated to RMB at the spot exchange rate at the date of the receipt. Other foreign currency transactions are, on initial recognition, translated to RMB at the spot exchange rates on the dates of the transactions.
Monetary items denominated in foreign currencies are translated to Renminbi at the spot exchange rate at the balance sheet date. The resulting exchange differences, except for those arising from the principal and interest of specific foreign currency borrowings for the purpose of acquisition and construction of qualifying assets, are
recognised in profit or loss. Non-monetary items denominated in foreign currencies that are measured at historical cost are translated to Renminbi using the foreign exchange rate at the transaction date.
9. Financial instruments
Financial instruments include cash at bank and on hand, receivables, equity securities other than long-term equity investments , payables, loans and borrowings, debentures payable and share capital.
(1) Recognition and measurement of financial assets and financial liabilities
A financial asset or financial liability is recognised in the balance sheet when the Groupbecomes a party to the contractual provisions of a financial instrument.
The Group classifies financial assets and liabilities into different categories at initial recognition based on the purpose of acquiring assets or assuming liabilities: financial assets and financial liabilities at fair value through profit or loss, loans and receivables, held-to-maturity investments, available-for-sale financial assets and other financial liabilities.
During the year, theGroup’s financial assets include receivables and available-for-sale financial assets. TheGroup’s financial liabilities are mainly other financial liabilities, including payables, loans and borrowings, and debentures payable. Payables include accounts payable, other payables, bills payable and long-term payables.
Financial assets and financial liabilities are measured initially at fair value. Transaction costs attributable to receivables and available-for-sale financial assets are included in their initial costs. Subsequent to initial recognition, financial assets and liabilities are measured as follows:
- (a)Receivables
Receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Subsequent to initial recognition, receivables are measured at amortised cost using the effective interest method.
- (b)Available-for-sale financial assets
Available-for-sale financial assets include non-derivative financial assets that are designated upon initial recognition as available for sale and other financial assets which do not fall into any of the above categories. Available-for-sale financial assets that will be sold within 12 months counting from the balance sheet date are included in other current assets in the balance sheet.
Available-for-sale investments in equity instruments whose fair value cannot bemeasured reliably are measured at cost subsequent to initial recognition. Other available-for-sale financial assets are measured at fair value subsequent to initial recognition and changes therein, except for impairment losses and foreign exchange
gains and losses from monetary financial assets which are recognised directly in profit or loss, are recognised as other comprehensive income. When an investment is derecognised, the cumulative gain or loss is reclassified from equity to profit or loss.
Dividend income from the available-for-sale equity instruments is recognised in profit or loss when the investee declares the dividends. Interest on available-for-sale financial assets calculated using the effective interest method is recognised in profit or loss
(c)Other financial liabilities
Other financial liabilities include the liabilities arising from financial guarantee contracts. Financial guarantees are contracts that require the Group (i.e. the guarantor) to make specified payments to reimburse the beneficiary of the guarantee (the holder) for a loss the holder incurs because a specified debtor fails to make payment when due in accordance with the terms of a debt instrument. Where the Group issues a financial guarantee, subsequent to initial recognition, the guarantee is measured at the higher of the amount initially recognised less accumulated
amortisation and the amount of a provision determined in accordance with the principles of contingencies .
Except for the liabilities arising from financial guarantee contracts described above, subsequent to initial recognition, other financial liabilities are measured at amortised cost using the effective interest method.
(2) Presentation of financial assets and financial liabilities
Financial assets and financial liabilities are presented separately in the balance sheet, and are not offset. However, a financial asset and a financial liability are offset and the net amount is presented in the balance sheet when both of the following conditions are satisfied: - the Group has a legal right to set off the recognised amounts and the legal right is currently enforceable;
- the Group intends either to settle on a net basis, or to realise the financial asset and settle the financial liability simultaneously. (3) Derecognition of financial assets and financial liabilities
A financial asset is derecognised if theGroup’s contractual rights to the cash flows from the financial asset expire or if the Group transfers substantially all the risks and rewards of ownership of the financial asset to another party.
Where a transfer of a financial asset in its entirety meets the criteria for derecognition, the difference between the two amounts below is recognised in profit or loss:
- the carrying amount of the financial assettransferred；
- the sum of the consideration received from the transfer and any cumulative gain or loss that has been recognised directly inshareholders’ equity.
The Group derecognises a financial liability (or part of it) only when the underlying present obligation (or part of it) is discharged, cancelled or expires.
(4) Impairment of financial assets
The carrying amounts of financial assets (other than those at fair value through profit orloss) are reviewed at each balance sheet date to determine whether there is objective evidence of impairment. If any such evidence exists, an impairment loss is recognised. Objective evidence that a financial asset is impaired includes but is not limited to:
(a) significant financial difficulty of the issuer orobligor；
(b) a breach of contract by the borrower, such as a default or delinquency in interest or principal payments
(c) it becoming probable that the borrower will enter bankruptcy or other financialreorganisation；
(d) the disappearance of an active market for that financial asset because of financial difficulties faced by the issuer ;
(e) significant changes with an adverse effect that have taken place in the technological, market, economic or legal environment in which the issuer operates, indicating that the cost of an investment in an equity instrument may not be recovered by the investor; (f) a significant decline in the fair value (i.e. the fair value becomes50% or lower than the initial investment cost) or a prolonged decline in the fair value (i.e. the fair value persisting at a level lower than the initial investment cost for a year or longer) of an investment in an equity instrument below its cost. If the fair value of the investment becomes20% (or more) but less than50% lower than its initial cost at the balance sheet date, the Group considers other related factors (such as fluctuations in prices) on the whole to determine whether the investment is impaired.
For the calculation method of impairment of receivables,.The impairment of available-for-sale financial assets is measured as follows: - Available-for-sale financial assets
Available-for-sale financial assets are assessed for impairment both on an individual basis and on a collective group basis. When an available-for-sale financial asset is impaired, the cumulative loss arising from decline in fair value that has been recognised directly inshareholders’ equity is reclassified to profit or loss even though the financial asset has not been derecognised.
If, after an impairment loss has been recognised on an available-for-sale debtinstrument, the fair value of the debt instrument increases in a subsequent period and the increase can be objectively related to an event occurring after the impairment loss was recognised, the impairment loss is reversed through profit or loss. An impairment loss recognised for an investment in an equity instrument classified as available-for-sale is not reversed through profit or loss. However, the impairment loss recognised for equity instruments whose fair value cannot be measured reliably that are not quoted in an active market cannot be reversed.
(5) Equity instrument
The consideration received from the issuance of equity instruments net of transaction costs is recognised inshareholders’ equity. 10.Account receivable
（1）Bad debt provision on receivable accounts with major amount individually
|||
|-|-|
||The Company and its subsidiaries, or other receivables or all|
|Criteria and norm of individual significance|long-term receivables of more than RMB 5 million in the|
||financial statements of the Company and its subsidiaries.|
||The Group tests such receivables for impairment on an|
|Measurement of impairment allowances for receivables of individual|individual basis. For individually insignificant receivables, the|
|significance|Group tests them for impairment on an individual basis when|
||there is evidence of impairment.|

（2）Accounts receivable with material specific amount and specific provisioned bad debt preparation.
|||
|-|-|
||When objective evidence indicates the Group can’t receive money according|
|Bad debt recognition criterion||
||originalterms, provision for bad debts recognized.|
||The bad debt will be recognized when the present value of estimated future cash flow|
|Bad debt provision method||
||below their book value.|

11 Inventories
(1) Classification and cost
Inventories include fuel and spare parts. Inventories are initially measured at cost. Cost of inventories comprises all costs of purchase and other expenditures incurred in bringing the inventories to their present location and condition.
（2）Pricing method of stock delivered
Cost of fuel transferred out is calculated using the weighted average method. Spart parts are amortised in full when received for use.
(3) Basis for determining the net realisable value of inventories and provisioning methods for decline in value of inventories At the balance sheet date, inventories are carried at the lower of cost and net realisable value.
At the balance sheet date, inventories are carried at the lower of cost and net realisable value.
Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs necessary to make the sale and relevant taxes.
（4）Inventory system
Perpetual inventory
The group adopts perpetual inventory system.
12.Long-term eqiuty investment
(1)Investment cost of long-term eqiuty investment
(a)Long-term equity investments acquired through a business combination
- The initial cost of a long-term equity investment acquired through a business combination involving enterprises under common control is theCompany’s share of the carrying amount of thesubsidiary’s equity in the consolidated financial statements of the ultimate controlling party at the combination date. The difference
between the initial investment cost and the carrying amount of the consideration given is adjusted to share premium in the capital reserve, with any excess adjusted against retained earnings.
- For a long-term equity investment obtained through a business combination not involving enterprises under common control, the initial cost comprises the aggregate of the fair value of assets transferred, liabilities incurred or assumed, and equity securities issued by the Company, in exchange for control of the acquiree. For a
long-term equity investment obtained through a business combination not involving enterprises under common control and achieved through multiple transactions in stages which do not form a bundled transaction, the initial cost comprises the carrying amount of the previously-held equity investment in the acquiree immediately before the acquisition date, and the additional investment cost at the acquisition date
(b)Long-term equity investments acquired other than ghrough a business combination
- A long-term equity investment acquired other than through a business combination is initially recognised at the actual consideration paid if the Group acquires the investment by cash, or at the fair value of the equity securities issued if an investment is acquired by issuing equity securities, or at the value stipulated in the investment contract or agreement if an investment is contributed by shareholders.
(2)Subsequent measurement
(a)Investments in subsidiaries
In theCompany’s separate financial statements, long-term equity investments in subsidiaries are accounted for using the cost method for subsequent measurement. Except for cash dividends or profit distributions declared but not yet distributed that have been included in the price or consideration paid in obtaining the investments, the
Company recognises its share of the cash dividends or profit distributions declared by the investee as investment income in the current period.
The investments in subsidiaries are stated in the balance sheet at cost less accumulated impairment losses.
(b)Investment in joint ventures and associates
A joint venture is an enterprise which operates under joint control in accordance with a contractual agreement between the Group and other parties.
An associate is an enterprise over which the Group has significant influence.
An investment in a joint venture or an associate is accounted for using the equity method for subsequent measurement, unless the
investment is classified as held for sale.
Under the equity method:
- Where the initial cost of a long-term equity investment exceeds theGroup’s interest in the fair value of theinvestee’s identifiable net assets at the date of acquisition, the investment is initially recognised at cost. Where the initial investment cost is less than theGroup’s interest in the fair value of theinvestee’s identifiable net assets at
the date of acquisition, the investment is initially recognised at theinvestor’s share of the fair value of theinvestee’s identifiable net assets, and the difference is recognised in profit or loss.
- After the acquisition of the investment, the Group recognises its share of theinvestee’s net profit or loss and other comprehensive income as investment income or losses and other comprehensive income respectively, and adjusts the carrying amount of the investment accordingly. Once the investee declares any cash dividends or profit distributions, the carrying amount of the investment is reduced by that amount attributable to the Group. The Group adjusts the carrying amount of the long-term equity investment for changes inowners’ equity of the investee other than those arising from net profits or losses, other comprehensive income or profit distributions, and recognises the corresponding adjustment inshareholders’ equity.
The Group recognises its share of theinvestee’s net profits or losses as investment income and other comprehensive income after making appropriate adjustments to align the accounting policies or accounting periods with those of the Group based on the fair value of theinvestee’s identifiable net assets at the date of acquisition. Unrealised profits and losses resulting from transactions between the Group and its
associates or joint ventures are eliminated to the extent of theGroup’s interest in the associates or joint ventures. Unrealised losses resulting from transactions between the Group and its associates or joint ventures are eliminated in the same way as unrealised gains but only to the extent that there is no evidence of impairment.
- The Group discontinues recognising its share of further losses of the investee after the carrying amount of the long-term equity investment and any long-term interest that in substance forms part of theGroup’s net investment in the joint venture or associate is reduced to zero, except to the extent that the Group has an obligation to
assume additional losses. If the joint venture or associate subsequently reports net profits, the Group resumes recognising its share of those profits only after its share of the profits equals the share of losses not recognised.
(3) Basis for determining the existence of joint control or significant influence over an
investee
Joint control is the contractually agreed sharing of control over aninvestee’s economic activities, and exists only when the strategic financial and operating decisions relating to the activities require the unanimous consent of the parties sharing the control. The following factors are usually considered when assessing whether the Group can
exercise joint control over an investee:
- Whether no single investor is in a position to control theinvestee’s operating
activities unilaterally;
- Whether strategic decisions relating to theinvestee’s main operating activities require the unanimous consent of all investors; Significant influence is the power to participate in the financial and operating policy decisions of an investee but does not have control or joint control over those policies.
13.Investment property
The measurement mode of investment property
The measurement by the cost method
Depreciation or amortization method
Investment property, including buildings that held for the purpose of lease and leased land use right, is measured initially at cost. Subsequent expensitures incurred for and investment property is included in the cost of the investmentproperty when it is probable that economic benefits associated with the investment property will flow to the Group and its cost can be reliable measured, otherwise the expenditure is recognized in profit or loss in the period in thich they are incurred.
The Group adopts the cost model for subsequent measurement of the investment property. Buildings and lond use rights are depreciated or amortised to their estimated net residual values over their estimated useful lives. The estimated useful luves, the estimated net residual values expressed as a percentage of cost and the annual depreciation rates of the investment properties is 30 years5% and3.17% respectively.
When an investment property is changed to an owner-occupied property, it is transferred to fixed asset at the date of the change. When an owner-occupied property is changed to be held to earn rentals or for capital appreciation, the fixed asset is transferred to investment property at the date of the change at the carrying amount of the property.
The estimated useful life, net residual value of the investment property and the depreciation method applied are reviewed, and adjusted as appropriate at each financial year-end.
An investment property is derecognized on disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from its disposal. The amount of proceeds on sale, transfer, retirement or damage of an investment property less its carrying amount and related taxes and expenses is recognized in profit or loss for the current period. When the recoverable amount of investment real estate less than its carrying value, book value is reduced to its recoverable amount .
14. Fixed assets
（1）Confirmation conditions of fixed assets
Fixed assets comprise buildings, electric utilities in service, motor vehicles and other equipments.
A fixed asset is recongnized when it is probable that the economic benefits associated with the fixed assets will flow to the Group and its cost can be reliably measured. Fixed assets purchased or constructed by the Group are initially measured at cost at the time of acquisition. Fixed assets contributed by the State-owned shareholders at the incorporation of a limited company are initially recorded at the valuation amount recognized by the State-owned assets supervision and administration department. Subsequent expenditures incurred for a fixed asset are included in the cost of the fixed asset when it is probable that the economic benefits associated with the fixed asset will flow to the Group and its cost can be reliably measured. The carrying amount of those parts that are replaced is derecognized and all the other subsequent expenditures are recognized in profit or loss in the period in which they are incurred.（2）Depreciation method
||||||
|-|-|-|-|-|
|Class|Method|Estimated useful life|Residual value rate(%)|Depreciation rate(%)|
|House and Building|Straight-line method|10 – 35 years|0 - 10%|2.57% - 10.00%|
|Power generation|||||
||Straight-line method|7 - 25 years|0 - 10%|3.60% - 14.29%|
|eqiupment|||||
|Transporation equipment|Straight-line method|5 – 10 years|0 - 10%|9.00% - 20.00%|
|Other Equipment|Straight-line method|5 - 25 years|0 - 10%|3.60% - 20.00%|

Useful lives, estimated residual value and depreciation methods are reviewed at least at each year-end.
（3）Cognizance evidence and pricing method of financial leasing fixed assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. For the fixed
assets acquired under finance leases, the company takes less of the fair value of the leased asset and the present value of the
minimum lease payments as recorded value of leased assets. The difference between the recorded value of leased assets and the
minimum lease payments shall be regarded as the unrecognized financial expenses.The depreciation policy adopted for the fixed assets acquired under finance leases should be the same as that of own fixed assets. For the ownership of leased assets reasonably determined and obtained in the expiry of lease period, the fixed assets acquired under leases shall be recognized the depreciation within its expected use life; otherwise, the shorter of the leases period and the expected use life is recognized the depreciation. For the recognition, measurement and depreciation of fixed assets acquired under finance leases,
15.Construction in progress
（1）Categories of projects un
Construction in progress is measured at actual cost. Actual cost comprises construction costs, installation cost, borrowing costs that are eligible for capitalization and other costs necessary to bring the fixed assets ready for their intended use. Actual cost also consists of the net amount of revenue generated and expenses that incurred in the text running period.
（2）Standard and timing for transferring of projects under construction to fixed assets
Construction in progress is transferred to fixed assets when the assets are ready for their intended use, and depreciation begins from the following month.
（3）Impairment text and providing of impairment provisions on projects under construction
The carrying amount of construction in progress is reduced to the recoverable amount when the recoverable amount is less than the carrying amount
16. Borrowing cost
Borrowing costs incurred directly attributable to the acquisition or construction of a qualifying asset are capitalised as part of the cost of the asset. Except for the above, other borrowing costs are recognised as financial expenses in the income statement when incurred. During the capitalisation period, the amount of interest (including amortisation of any discount or premium on borrowing) to be capitalised in each accounting period is determined as follows:
- Where funds are borrowed specifically for the acquisition or construction of a qualifying asset, the amount of interest to be capitalised is the interest expense calculated using effective interest rates during the period less any interest income earned from depositing the borrowed funds or any investment income on the temporary investment of those funds before being used on the asset.
- Where funds are borrowed generally and used for the acquisition or construction of a qualifying asset, the amount of interest to be capitalised on such borrowings is determined by applying a capitalisation rate to the weighted average of the excess amounts of cumulative expenditures on the asset over the above amounts of specific borrowings. The capitalisation rate is the weighted average of the interest rates applicable to the general-purpose borrowings.
The effective interest rate is determined as the rate that exactly discounts estimated future cash flow through the expected life of the borrowing or, when appropriate, a shorter period to the initially recognised amount of the borrowings.
During the capitalisation period, exchange differences related to the principal and interest on a specific-purpose borrowing
denominated in foreign currency are capitalised as part of the cost of the qualifying asset. The exchange differences related to the principal and interest on foreign currency borrowings other than a specific-purpose borrowing are recognised as a financial expense in the period in which they are incurred.
The capitalisation period is the period from the date of commencement of capitalisation of borrowing costs to the date of cessation of capitalisation, excluding any period over which capitalisation is suspended. Capitalisation of borrowing costs commences when expenditure for the asset is being incurred, borrowing costs are being incurred and activities of acquisition or construction that are necessary to prepare the asset for its intended use are in progress, and ceases when the assets become ready for their intended use.
Capitalisation of borrowing costs is suspended when the acquisition or construction activities are interrupted abnormally and the interruption lasts for more than three months.
17. Intangible assets
1.Pricing ,service life and Impairment test
（1）Pricing of intangible assets
Intangible assets including land use rights, sea use rights, software and associated projects for electricity transmission and transformation are measured at cost. Intangible assets contributed by the state-owned shareholders at the incorporation of a limited company are initially recorded at the valuation amount recognized by the state-owned assets supervision and administration department.
between the land use right and the buildings,the purchase costs are recognised as fixed assets. Associated projects for electricity transmission and transformation and microwave engineering are for the grid connection project between the Guangdong Electric Holding Co., and Guangdong Power Grid Corporation.
（2）Estimation of service life of intangible assets with limited service life
For an intangible asset with a finite useful life, review and adjustment on useful life and amortization method are performed at each year-end.
||||
|-|-|-|
|Items|Expected useful life|Basis|
|Associated projects for electricity transmission|10 years|Expected Use period|
|and transformation and microwave|||
|engineering|||
|Land use right|20-70 years|Useful life|
|Sea use right|50 years|Useful life|
|Transportation engineering.|10 – 20 years|Expected beneficial period|
|Concession contracts|10 – 25 years|Expected Use period|
|Software|2 – 10 years|Expected Use period|
|Non-p[atent technology|2 – 6 years|Expected Use period|

（3）Judgment based on indefinite life intangible assets
An intangible asset is regarded as having an indefinite useful life and is not amortised when there is no foreseeable limit to the period over which the asset is expected to generate economic benefits for the Group. At the balance sheet date, the Group does not have any intangible assets with indefinite useful lives.
（4）Provision for impairment of investment assets
The carrying amount of intangible assets is reduced to the recoverable amount when the recoverable amount is less than the carrying
amount
18.Long-term assets impairment
The carrying amounts of the following asswets are reviewed at each balance sheet date based on the internalandexternal sources of information to determine whether thire is and indication of impairment: fixed assets,construction in progress, construction materials, intangible assets, investment properties, measured using a cost model , long-term equity investments , Goodwill and long-term deferred expenses.
If any indication exists that an asset may be impaired, the recoverable amount of the asset is estimated. In addition, the Group estimates the recoverable amounts of goodwill at each year-end, irrespective of whether there is any indication of impairment. Goodwill is allocated to each asset group or set of asset groups, that is expected to
benefit from the synergies of the combination for the purpose of impairment testing.
The recoverable amount of an asset, asset group or set of asset groups is the higher of its fair value less costs to sell and its present value of expected future cash flows.
An asset group is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or asset groups. An asset group is composed of assets directly relating to cash-generation. Identification of an asset group is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows from other assets or asset groups. In identifying an asset group, the Group also considers how management monitors theGroup’s operations and how management makes decisions about continuing or disposing of theGroup’s assets.
Anasset’s fair value less costs to sell is the amount determined by the price of a sale agreement in anarm’s length transaction, less the costs that are directly attributable to the disposal of the asset. The present value of expected future cash flows of an asset is determined by discounting the future cash flows, estimated to be derived from
continuing use of the asset and from its ultimate disposal, to their present value using an appropriate pre-tax discount rate.
If the result of the recoverable amount calculation indicates the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is recognised as an impairment loss and charged to profit or loss for the current period. A provision for impairment of the asset is recognised accordingly. For impairment losses related to an asset group or a set of asset
groups, first reduce the carrying amount of any goodwill allocated to the asset group or set of asset groups, and then reduce the carrying amount of the other assets in the asset group or set of asset groups on a pro rata basis. However, the carrying amount of an impaired asset will not be lower than the greatest amount of its individual fair value less costs to sell (if determinable), the present value of expected future cash flows (if determinable) and zero.
Once an impairment loss is recognised, it is not reversed in a subsequent period.
19.Long-term deferred expenses
Long-term deferred expenses are amortised on a straight-line method within the benefit period.
The respective amortisation periods for such expenses are as Follows: Expenses on improvement of fixedassets:2—180 months; Long-term lease expensesz; 79-180 months.
20. Employee benefits
(1) Short-term employee benefits
Employee wages or salaries, bonuses, social security contributions such as medical insurance, work injury insurance, maternity insurance and housing fund, measured at the amount incurred or at the applicable benchmarks and rates, are recognised as a liability as the employee provides services, with a corresponding charge to profit or loss or included in the cost of assets where appropriate.（2）Post–employment benefits
Pursuant to the relevant laws and regulations of thePeople’s Republic of China, the Group participated in a defined contribution basic pension insurance in the social insurance system established and managed by government organisations. The Company makes
contributions to basic pension insurance plans based on the applicable benchmarks and rates stipulated by the government. The
Company also purchases and makes contributions to supplementary pension insurance based on the applicable benchmarks and rates stipulated by Yudean. Basic pension and supplementary pension insurance contributions are recognised as a liability as the related services are rendered by the employees, with a corresponding charge to profit or loss or included in the cost of assets where appropriate. (3) Termination benefits
When the Company terminates the employment with employees before the employment contracts expire, or provides compensation under an offer to encourage employees to accept voluntary redundancy, a provision is recognised with a corresponding expense in profit or loss at the earlier of the following dates:
- The Group is not allowed to withdraw from termination plan or redundancy offer unilaterally;
- The Group has a detailed and formal restructuring plan related to the payment of termination benefits; and the Group has launched the plan or notified the affected parties of its content, thereby making the restructuring plan reasonably expected by all related parties. 21. Estimated Liabilities:
When an obligation which was related to events matching the following conditions, it was confirmed as estimated Liabilities: (1) The obligation was a present obligation belonging toCompany’s commitment; (2) Performing the obligation was likely to lead to an outflow of economic benefits; (3) The amount of the obligation can be measured reliably.
In the balance sheet date, calculating the estimated liabilities on the basis of considering the risks of contingent item, uncertainty and the time value of money and other factors, and in accordance with the best estimates needed to expand when performing the relevant current obligations.
If the needed all or parts of the expectation when paying off the projected liabilities were compensated by the third party and the amount of compensation were basically received, it should be confirmed as assets solely and the confirmed amount of the compensationcan’t exceed the book value of estimated Liabilities.
22. Revenue recognition
Revenue is the gross inflow of economic benefit arising in the course of theGroup’s ordinary activities when the inflows result in increase inshareholders’ equity, other than increase relating to contributions from shareholders. Revenue is recognised in profit or loss when it is probable that the economic benefits will flow to the Group, the
revenue and costs can be measured reliably and the following respective conditions are met. The amount of revenue is measured at the fair value of the consideration received or receivable under the sales contract or agreement. Revenue is shown net of sales discounts or refunds.
(1) Revenue from sales of electricity and heat energy
Revenue is recognised when electricity and heat energy are supplied to grid companies or customers.
(2) Revenue from sales of by-products
Revenue from the sales of goods is recognised when the Group transfers by-products (such as coal ash) to the designated delivery place pursuant to the contract or agreement and the recipient confirms receipt.
(3) Rendering of services
Revenue from rendering of services is measured at the fair value of the consideration received or receivable under the contract or agreement.
At the balance sheet date, where the outcome of a transaction involving the rendering of services can be estimated reliably, revenue from the rendering of services is recognised by reference to the stage of completion of the transaction based on the proportion of costs incurred to date to the estimated total costs.
Where the outcome of rendering of services cannot be estimated reliably, if the costs incurred are expected to be recoverable, revenues are recognised to the extent of the costs incurred that are expected to be recoverable, and an equivalent amount is charged to profit or loss as service cost; if the costs incurred are not expected to be recoverable, the costs incurred are recognised in profit or loss and no service revenue is recognised.
(4) Revenue from sale of certified emission reductions (CERs)
The Company sells CERs provided by its wind power facilities. These wind power facilities are registered with the Clean Development
Mechanism (CDM) Executive Board (EB) of the United Nations as CDM projects under the Kyoto Protocol. The Company also sells voluntary emission reductions (“VERs”) attributable to the
electricity generated from CDM projects before getting registered with CDMEB.
Revenue related to CERs and VERs is recognised when the following conditions are met:
- The amount of income from selling CERs or VERs can be reliably measured
- The Company has generated the related electricity
(5) Interest income
Interest income is recognised based on the length of time of the deposits or principal outstanding and the applicable effective interest rate.
(6) Revenue from operating leases
Rental income from operating leases is recognised as income on a straight-line basis over the lease term.
23. Government grants
Government grants are transfers of monetary assets or non-monetary assets from the government to the Group at no consideration except for any capital contribution from the government as an investor in the Group. Special funds such as investment grants allocated by the government, if clearly defined in official documents as part of “capital reserve” are dealt with as capital contributions, and not regarded as government grants.
A government grant is recognised when there is reasonable assurance that the grant will be received and that the Group will comply with the conditions attaching to the grant.
If a government grant is in the form of a transfer of a monetary asset, it is measured at the amount that is received or receivable. If a government grant is in the form of a transfer of a non-monetary asset, it is measured at its fair value.
Government grants related to income are grants other than those related to assets. A government grant related to an asset is recognised initially as deferred income and amortised to profit or loss on a straight-line basis over the useful life of the asset. A grant that compensates the Group for expenses to be incurred in the subsequent periods is recognised initially as deferred income and recognised in profit or loss in the same periods in which the expenses are recognised. A grant that compensates the Group for expenses incurred is recognised in profit or loss immediately.
24. Deferred income tax assets/Deferred income tax liability
Deferred tax assets and deferred tax liabilities arise from deductible and taxable temporary differences respectively, being the differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases, which include the deductible losses and tax credits carried forward to subsequent periods.Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which deductible temporary differences can be utilised.
Deferred tax is not recognised for the temporary differences arising from the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting profit nor taxable profit (or tax loss). Deferred tax is not recognised for taxable temporary differences arising from the initial recognition of goodwill.
At the balance sheet date, the amount of deferred tax recognised is measured based on the expected manner of recovery or settlement of the carrying amount of the assets and liabilities, using tax rates that are expected to be applied in the period when the asset is recovered or the liability is settled in accordance with tax laws.
The carrying amount of a deferred tax asset is reviewed at each balance sheet date. The carrying amount of a deferred tax asset is reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow the benefit of the deferred tax asset to be utilised. Such reduction is reversed to the extent that it becomes probable that sufficient taxable profits will be available. At the balance sheet date, deferred tax assets and deferred tax liabilities are offset if all
the following conditions are met:
- the taxable entity has a legally enforceable right to offset current tax liabilities and current tax assets
- they relate to income taxes levied by the same tax authority on either: the same taxable entity; or
Different taxable entities which intend either to settle the current tax liabilities
and current tax assets on a net basis, or to realise the assets and settle the
liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or deferred tax assets are expected to be settled or recovered..
25.Leasing
（1）Accounting of operational leasing
Afinance lease is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset. An operating lease is a lease other than a finance lease.
Lease payments under and operating lease are recogrised on a straight-line basis over the period of the lease , and are either capitalized as part of the cost of related assets, or charged as an expense for the current period.
（2）Accounting treatment of financing leasing
The leased asset is recorded at the amounts equal to the lower of the fair valueof the leased asset and the present value of the minimum lease payments. The difference between the recorded amount of the leased asset asnd tht minimum lease payments is accounted for as unrecognized finance charge and is amortised using the effective interest method over the period of the lease. A long-term payable is recorded at the amount equal to the minimum lease payments less the unrecognized finance charge.
Leaseback is a transaction in which the seller (the lessee) sells a self-made or purchased asset, then leases it back from the buyer (the lender) for a long-term period. A leaseback is considered to be a financing lease, so the difference between the selling price and theasset’s carrying amount will be deferred and allocated based on the depreciation years of the leased asset and recorded as an adjustment to the depreciation expense.
26. Other significant accounting policies and estimates
□ Applicable√Not applicable
27.Change of main accounting policies and estimations
(1)Change of main accounting policies
□Applicable√Not applicable
（2）Change of main accounting estimations
□Applicable√Not applicable
28.Other
VI.Taxation
1.Main categories and rates of taxes
||||
|-|-|-|
|Tax items|Tax basis|Tax rate|

||||
|-|-|-|
||Output VAT is calculated on product sales and taxable services||
||revenue, based on tax laws. The remainning balance of output VAT ,||
|VAT||17% and 13%|
||after subtracting the deductible input VAT of the period, is VAT||
||payable.||
|Business tax|Taxable turnover|5%|
|City maintenance construction tax|Value added tax and Business tax amount|5% and 7%|
|||12.5% and|
|Enterprise income tax|Taxable income||
|||25%|
|Education surtax|Value added tax and Business tax amount|3%|
|Local surcharge for Education|Value added tax and Business tax amount|2%|

In case there exist any taxpayer paying corporate income tax at different tax rates, disclose the information
|||
|-|-|
|Name of taxpayer|Income tax rates|
|Guangdong Yudean Xuwen Wind Power Co., Ltd.|12.5%|

2.Tax preferences
The fourth year for Zhanjiang Xuwen Wind Power to enjoy the favorable income tax of “three-half and three-free” In 2015, and the applicable enterprise income tax rate is12.5%. In addition, the applicable income tax rate of the Company and other subsidiaries is25%.
In addition,50% of VAT levied on the sales of electricity generated by wind power of Shibeishan, Zhanjiang Wind Power, Xuwen Wind and Huilai Wind Power Co. Ltd. (“Huilai Wind”) will be refunded immediately in accordance with the Notice Concerning Policies on Value Added Tax on Products Made through Comprehensive
Utilisation of Resources and Other Products (Cai Shui[2008] No.156).
VII. Notes of consolidated financial statements
1. Currency funds
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Cash|169,332.00|88,728.00|
|Bank deposit|6,510,531,100.00|4,528,188,586.00|
|Other|30,000,000.00|20,000,000.00|
|Total|6,540,700,432.00|4,548,277,314.00|

 Other explanation
2.Account receivable
（1）Classification Account receivable :
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Year-end balance|||||Year-beginning balance|||||
||||Provision for bad||Book||||||
||Book balance|||||Book balance||Provision for bad debts|||
|Classification|||debts||Value||||||
|||||||||||Book Value|
|||Proportio|||Proportio||Proportio||Proportion||
||Amount||Amount|Amount||Amount||Amount|||
|||n（%）|||n（%）||n（%）||（%）||
|Receivables with|||||||||||
|major individual|||||||||||
|amount and bad debt|||||||||||
|provision provided|||||||||||
|||||||2,565,4|||||
|individually|2,652,10||||2,652,107|||||2,565,462,5|
|||99.26%||||62,568.|99.41%||||
|receivables with|7,637.00||||,637.00|||||68.00|
|||||||00|||||
|major individual|||||||||||
|amount and bad debt|||||||||||
|provision provided|||||||||||
|individually|||||||||||
|Account receivable|||||||||||
|with minor individual|19,699,6||||19,699,68|15,271,||||15,271,255.|
|||0.74%|||||0.59%||||
|amount but bad debt|88.00||||8.00|255.00||||00|
|provision is provided|||||||||||
||||||2,671,807,325.00|2,580,7||||2,580,733,823.00|
||2,671,80||||||||||
|Total||100.00%||||33,823.|100.00%||||
||7,325.00||||||||||
|||||||00|||||

Receivable accounts with large amount individually and bad debt provisions were provided.
√Applicable□Not applicable
In RMB
||||||
|-|-|-|-|-|
|Content of account|End of term||||
|receivable（Unit）|Account receivable|Provision for bad debts|Proportion of provision|Reason for provision|
|||||Full amount recovery is|
|GPGC|2,483,026,186.00|0.00|0.00%||
|||||expected|
|Shenzhen Powe suply||||Full amount recovery is|
||154,258,694.00|0.00|0.00%||
|Bureau||||expected|
|GPGC,Zhanjiang Powe||||Full amount recovery is|
||11,776,250.00|0.00|0.00%||
|suply Bureau||||expected|
|GPGC, Jieyang Power||||Full amount recovery is|
||3,046,507.00|0.00|0.00%||
|Suply Bureau||||expected|
|Total|2,652,107,637.00||--|--|

Account reveivable on which bad debt proisions are provided on age basis in the group
□Applicable√Not applicable
Receivable accounts on which had debt provisions are provided on percentage analyze basis in a portfolio
□Applicable√Not applicable
Receivable accounts on which had debt provisions are provided by other ways in the portfolio
Account receivable accounts with not minor amount but were provided had debt provisions individually at end of period.
||||||
|-|-|-|-|-|
|Description Of account||Amount of bad|||
||Book balance||rate|Reason|
|receivables||debt|||
|Electricity charge receivable|2,468,024.00|-|0.00%|Full amount|
|||||recovery is|
|||||expected|
|Steam accounts receivable|6,888,543.00|-|0.00%|Full amount|
|||||recovery is|
|||||expected|
|Receivable maintenance servi|9,960,473.00|-|0.00%|Full amount|
|ce fees||||recovery is|
|||||expected|
|Income receivable from|382,648.00|-|0.00%|Full amount|
|byproduct sales||||recovery is|
|||||expected|
|Total|19,699,688.00|-|--|--|

（2）The ending balance of account receivables owed by the imputation of the top five parties
|||||
|-|-|-|-|
|Name|Amount in year-end|Bad debt provisionProportion%|Proportion%|
|Total|2,656,972,277.89|-|99.44%|
|GPGC|2,483,026,185.52|-|92.93%,|
|Shenzhen Powe suplyBureau|154,258,693.93|-|5.77%|
|GPGC,Zhanjiang Powe suplyBureau|11,776,250.20|-|0.44%|
|Huizhou Huiling Hacheng Co.,Ltd.|4,757,394.16|-|0.18|
|Guangdong Yudean ZhanjiangBiological Power GenerationCo., Ltd.|3,153,754.08|-|0.12%|

3. Prepayments
（1）Prepayments age :
In RMB
||||||
|-|-|-|-|-|
||End of term||Beginning of term||
|Age|||||
||Amount|Proportion（%）|Amount|Proportion（%）|
|Within 1 year|1,473,730,070.00|99.50%|1,524,462,657.00|99.68%|
|1-2 years|3,714,623.00|0.25%|1,990,267.00|0.13%|
|2-3 years|1,192,041.00|0.08%|2,057,901.00|0.13%|
|Over 3 years|2,548,302.00|0.17%|860,451.00|0.06%|
|Total|1,481,185,036.00|--|1,529,371,276.00|--|

Notes：
（2）The ending balance of Prepayments owed by the imputation of the top five parties
TheGroup’s the five largest balances of prepayment totalled RMB 1,433,319,026, accounting for96.77% of the total balance of prepayment.
4. Interest receivable
（1）Interest receivable
In RMB
||||
|-|-|-|
|Classification|Year-end balance|Year-beginning balance|
|Fixed deposit|8,420,779.00|5,447,764.00|
|Entrusted loans|0.00|23,333.00|
|Total|8,420,779.00|5,471,097.00|

 5.Other rceivables
（1）Disclosure of calassification of other receivables
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Amount in year-end|||||Amount in year-begin|||||
||Book Balance||Bad debt provision|||Book Balance||Bad debt provision|||
|Type|||||Book||||||
||Amount|Proportio|Amount|Proportio||Amount|Proportio|Amount|Proportion(|Book value|
||||||value||||||
|||n(%)||n(%)|||n(%)||%)||
|Other receivables|||||||||||
||72,611,2||||72,611,24|164,168||||164,168,15|
|with major individual|||||||||||
|||54.59%|0.00|0.00%|||74.38%||0.00%||
|amount and had debt|48.00||||8.00|,157.00||||7.00|
|provision provided|||||||||||

||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|individually|||||||||||
|Other account||||||56,562,102.00|||11.29%||
|receivable with|||||||||||
||60,398,4||6,383,75||54,014,67|||6,383,754||50,178,348.|
|minor individual||45.41%||10.57%|||25.62%||||
||24.00||4.00||0.00|||.00||00|
|amount but bad debt|||||||||||
|provision is provided|||||||||||
||133,009,||6,383,75||126,625,918.00|220,730,259.00||6,383,754||214,346,505.00|
|Total||100.00%|||||100.00%||||
||672.00||4.00|||||.00|||

 Other receivable accounts with large amount and were provided had debt provisions individually at end of period.
√ Applicable□ Not applicable
In RMB
||||||
|-|-|-|-|-|
||End of term||||
|Other receivable（Unit）||Bad debt|||
||Other receivable||Proportion|Reason|
|||provision|||
|Guangdong Yudean Enviornmental||||Full amount recovery is|
||17,270,956.00|0.00|0.00%||
|Pretection Co., Ltd.||||expected|
|||||Full amount recovery is|
|Huidong Finance Bureau|21,318,970.00|0.00|0.00%||
|||||expected|
|Shenzhen Economic Trade &||||Full amount recovery is|
||9,576,815.00|0.00|0.00%||
|Information Technology Commission||||expected|
|||||Full amount recovery is|
|Huilai State Taxation Bureau|4,657,907.00|0.00|0.00%||
|||||expected|
|Jeson Gypsum Board (Huizhou)Co.,||||Full amount recovery is|
||4,214,486.00|0.00|0.00%||
|Ltd.||||expected|
|||||Full amount recovery is|
|Huilai Xincheng Industry Co., Ltd.|2,746,579.00|0.00|0.00%||
|||||expected|
|Huizhou Zhonghai Shipping Agency||||Full amount recovery is|
||2,725,720.00|0.00|0.00%||
|Co., Ltd.||||expected|
|||||Full amount recovery is|
|Xuwen Finance Bureau|2,708,834.00|0.00|0.00%||
|||||expected|
|Guangdong Yudean Group Co., Ltd.,||||Full amount recovery is|
||2,061,019.00|0.00|0.00%||
|Shajiao C Plant||||expected|
|||||Full amount recovery is|
|HOWDEN|1,677,479.00|0.00|0.00%||
|||||expected|
|Meizhou Jiayuan Investment||||Full amount recovery is|
||1,377,045.00|0.00|0.00%||
|Development Co., Ltd.||||expected|
|||||Full amount recovery is|
|Guoyi Tender Co., Ltd.|1,265,243.00|0.00|0.00%||
|||||expected|

||||||
|-|-|-|-|-|
|Shaoguan Xinyi Power Industry Co.,||||Full amount recovery is|
||1,010,195.00|0.00|0.00%||
|Ltd.||||expected|
|Total|72,611,248.00|0.00|--|--|

Other receivable accounts in Group on which bad debt provisions were provided on age analyzebasis：
□Applicable√Not applicable
Other receivable account in Group on which bad debt provisions were provided on percentagebasis：
□Applicable√Not applicable
Other Receivable accounts on which bad debt provisions are provided by other ways in theportfolio：
√ Applicable□ Not applicable
Other receivable accounts with Not large amount and were provided had debt provisions individually at end of period.
||||
|-|-|-|
|Nature|Book balance|Bad debt provision|
|Prepayments for construction|2,957,596|2,266,543|
|Income receivable from byproduct sales|7,857,115|2,803,641|
|Reserve funds|10,999,254|5,899|
|Other|38,584,458|1,307,671|
|Total|60,398,424|6,383,754|

（3）Other receivables Nature of fund classification information
In RMB
||||
|-|-|-|
|Nature|End of term|Beginning of term|
|Entrusted loan||50,000,000.00|
|Prepayments for construction|27,331,090.00|25,670,161.00|
|Income receivable from byproduct sales|35,825,051.00|80,858,769.00|
|Reserve funds|10,999,254.00|6,636,284.00|
|Government Grants|15,958,187.00|5,193,307.00|
|Other|42,896,090.00|52,371,738.00|
|Total|133,009,672.00|220,730,259.00|

（3）The ending balance of other receivables owed by the imputation of the top five parties
In RMB
|||||||
|-|-|-|-|-|-|
|||||Portion in total otherreceivables(%)|Bad debt|
|||Year-end|||provision of|
|Name|Nature||Age|||
|||balance|||year-end|
||||||balance|
|Guangdong Yudean Enviornmental|||Within 1|36.09%||
||Product sales|17,270,956.00|||0.00|
|Pretection Co., Ltd.|||year|||
|Huidong Finance Bureau|Land fund|21,318,970.00|Over 3 year|s 16.84%|0.00|

|||||||
|-|-|-|-|-|-|
|Shenzhen Economic Trade &|Government||Within 1year|||
|||9,576,815.00||7.56%|0.00|
|Information Technology Commission|grants|||||
||||Within 1year|||
|Huilai State Taxation Bureau|VAT return|4,657,907.00||3.68%|0.00|
|Jeson Gypsum Board (Huizhou)Co.,|Product sales||Within 1years|||
|||4,214,486.00||3.33%|0.00|
|Ltd.||||||
|Total|--|57,039,134.00|--|67.50%|0.00|

（4）Government grants
In RMB
|||||||
|-|-|-|-|-|-|
||||||Expected date of receipt,|
|Name|Name of Grant||End of term|Ageing|amount and rationale of the|
||||||grant expected to be|
|Guangdong Yudean EnviPretection Co., Ltd.|ornmental|||||
||||||Recovered in December|
||Subsidy inc|ome|9,576,815.00|Within 1 year||
||||||2015|
|Huidong Finance Bureau||||||
|Huilai State Taxation|||||Recovered in December|
||VAT Refund||4,657,907.00|Within 1 year||
|Bureau|||||2015|
|Xuwen State Taxation|||||Recovered in December|
||VAT Refund||1,723,465.00|Within 1 year||
|Bureau|||||2015|
|Total|--||15,958,187.00|--|--|

6.Inventory
（1）Inventory types
In RMB
||||||||
|-|-|-|-|-|-|-|
||Year-end balance|||Year-beginning balance|||
|Items|Book balance|Provision for bad|Book value|Book balance|Provision for bad|Book value|
|||debts|||debts||
|Raw materials|843,510,632.00|0.00|843,510,632.00|920,420,055.00|0.00|920,420,055.00|
|Parts|768,850,393.00|61,454,752.00|707,395,641.00|735,994,949.00|61,454,752.00|674,540,197.00|
|Other|20,331,280.00|0.00|20,331,280.00|28,238,758.00|0.00|28,238,758.00|
|Total|1,632,692,305.00|61,454,752.00|1,571,237,553.00|1,684,653,762.00|61,454,752.00|1,623,199,010.00|

（2）Inventory Impairment provision
In RMB
||||||||
|-|-|-|-|-|-|-|
||Beginning of|Increased in current period||Decreased in current period|||
|Items||||||End of term|
||term|Provision|Other|Transferred back|Other||

||||
|-|-|-|
|Raw materials|0.00|0.00|
|Parts|61,454,752.00|61,454,752.00|
|Other|0.00|0.00|
|Total|61,454,752.00|61,454,752.00|

 7.Other current assets
In RMB
||||
|-|-|-|
|Items|End of term|Beginning of term|
|Other current assets to be disposed|0.00|57,387,152.00|
|Deductible VAT|412,090,752.00|589,611,053.00|
|Prepayment of income tax|32,681,696.00|10,170,681.00|
|Other|47,808,208.00|47,808,208.00|
|Total|492,580,656.00|704,977,094.00|

Notes：
8. Available-for-sale financial assets
（1）Sellable financial assets
In RMB
||||||||
|-|-|-|-|-|-|-|
||Balance in year -end|||Amount at year beginning|||
|Items||Provision for|||Provision for||
||Book balance||Book value|Book balance||Book value|
|||impairment|||impairment||
|Available-for-sale equity|1,256,087,823.||1,256,087,823|.997,082,335.00|||
|||||||997,082,335.00|
|instruments|00||00||||
|According to the fair|||||||
||711,487,823.00||711,487,823.00|452,482,335.00||452,482,335.00|
|value measurement|||||||
|According to the|||||||
||544,600,000.00||544,600,000.00|544,600,000.00||544,600,000.00|
|Cost measurement|||||||
||1,256,087,823.||1,256,087,82300|.997,082,335.00||997,082,335.00|
|Total|||||||
||00||||||

（2）Measured at fair value for the available-for-sale financial assets at the end period
In RMB
||||
|-|-|-|
||Available-for-sale equity|Available-for-sale|
|Classification|||
||instruments|liabilities instruments|
|Equity instruments cost/Amortized cost of debt|||
||251,728,616.00||
|instruments|||

||||
|-|-|-|
|Fair value|711,487,823.00|711,487,823.00|
|Changes in the fair value of the amount that accumula||459,759,207.00|
||459,759,207.00||
|ted in other comprehensive income.|||

（3）Available-for–sale financial assets measured at cost at the end of the year
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Book balance||||Provision for impairment||||Percentage||
|||||||||||Cash|
||||||||||of||
||||||Balanc|||||dividends|
|Investee||Increa|Decrea|||Increa|Decrea|End of|shareholdi||
||Balance of term|||End of term|e of|||||for the|
|||se|se|||se|se|term|ng in||
||||||term|||||year|
||||||||||investees%||
|Shenzhen Capital Group|||||||||||
||115,000,000.00|||115,000,000.00|||||3.67%||
|Co., Ltd.|||||||||||
|Sun Insurance|356,000,000.00|||356,000,000.00|||||5.22%||
|Guoyi Tendering Co.,|||||||||||
||3,600,000.00|||3,600,000.00|||||1.97%|720,000.00|
|Ltd.|||||||||||
|South Sea Wind|||||||||||
|Electricity Development|70,000,000.00|||70,000,000.00|||||10.00%||
|Co., Ltd.|||||||||||
|Total|544,600,000.00|||544,600,000.00|||||--|720,000.00|

9．Long-term account receivable
（1）Details
In RMB
|||||||||
|-|-|-|-|-|-|-|-|
||End of term|||Beginning of term||||
||||||Provision|||
|||Provision||||||
|Items|||||||Range of rate|
||||||for|||
||Book balance|for|Book value|Book balance||Book value||
||||||impairmen|||
|||impairment||||||
||||||t|||
|Financing Rent|123,967,197.00||123,967,197.00|121,334,809.00||121,334,809.00|5.31%-7.05%|
|Total|123,967,197.00|0.00|123,967,197.00|121,334,809.00|0.00|121,334,809.00|--|

 10. Long term share equity investment.
(1）Details of long-term equity investment
In RMB
||||||
|-|-|-|-|-|
|Name|Beginnin|Increase/decrease during the year|End of|Provision|

|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||g of term|||Investme||||||term|for|
||||||||Declared|||||
|||||nt income|Other|||Provision|||impairm|
|||||||Other|distributio|||||
|||Increase|Decrease|recognise|Compaeh|||for|||ent of|
|||||||eqiuty|n of cash||Other|||
|||in capital|in capital|d under|ensive|||impairme|||closing|
|||||||changed|dividends|||||
|||||equity|income|||nt|||balance|
||||||||or profit|||||
|||||method||||||||
|1. Joint venture||||||||||||
|Guangdo||||||||||||
|ng||||||||||||
|Electric|597,811,3|||43,461,24|||-74,772,2|||566,500,3||
|Power|76.00|||1.00|||53.00|||64.00||
|Fuel Co.,||||||||||||
|Ltd.||||||||||||
||597,811,3|||43,461,24|||-74,772,2|||566,500,3||
|Subtotal||||||||||||
||76.00|||1.00|||53.00|||64.00||
|II. Associates||||||||||||
|Yangshan||||||||||||
|Jiangken||||||||||||
|g||||||||||||
||5,867,441|||||||||5,967,213||
|Hydropo||||99,772.00||||||||
||.00|||||||||.00||
|wer||||||||||||
|Station||||||||||||
|C||||||||||||
|Yangshan||||||||||||
|Centre||||||||||||
|Keng||||||||||||
||7,847,994|||356,006.0||||||8,204,000||
|Electric||||||||||||
||.00|||0||||||.00||
|Power||||||||||||
|Compan||||||||||||
|y||||||||||||
|YudeanW||||||||||||
|est||||||||||||
||256,008,4|||5,459,077||||||261,467,5||
|Investm||||||||||||
||51.00|||.00||||||28.00||
|ent Co.,||||||||||||
|Ltd.||||||||||||
|Guangdo||||||||||||
|ng||||||||||||
||945,671,3|||3,517,351|||-15,835,3|||933,353,4||
|Yudean||||||||||||
||63.00|||.00|||00.00|||14.00||
|Shipping||||||||||||
|Co., Ltd.||||||||||||
|WenxinY|617,225,8||-221,275,|-4,315,85||||||391,634,5||

|||||||||
|-|-|-|-|-|-|-|-|
|untou|72.00||476.00|9.00|||37.00|
|Yudean||||||||
|Zhaxi||||||||
|Energy||||||||
|Co., Ltd.||||||||
|Shanxi||||||||
|Yudean|869,294,1|||33,771,48|||903,065,6|
|Energy|93.00|||8.00|||81.00|
|Co., Ltd.||||||||
|Guangdo||||||||
|ng||||||||
||648,047,1|||48,938,78|-57,535,4||639,450,5|
|Yudean||||||||
||85.00|||3.00|61.00||07.00|
|Finance||||||||
|Co., Ltd.||||||||
|Yunnan||||||||
|Baoshan||||||||
|Binlangj||||||||
|iang||||||||
||205,634,4|||-11,177,9|||194,456,5|
|Hydropo||||||||
||75.00|||75.00|||00.00|
|wer||||||||
|Develop||||||||
|ment||||||||
|Co., Ltd.||||||||
|Guangdo||||||||
|ng||||||||
|Guohua||||||||
|Yudean||||||||
||2,208,688|||193,221,8|||2,401,910|
|Taishan||||||||
||,289.00|||42.00|||,131.00|
|Power||||||||
|Generatio||||||||
|n Co.,||||||||
|Ltd.||||||||
|Huaneng||||||||
|Shantou||||||||
|Wind||||||||
||58,176,05|||2,920,089|||61,096,14|
|Power||||||||
||5.00|||.00|||4.00|
|Generati||||||||
|on Co.,||||||||
|Ltd.||||||||
|Linchang||||||||
||184,436,9|227,046,1||||-411,483,||
|Yuntou||||||||
||52.00|76.00||||128.00||
|Yudean||||||||

|||||||||
|-|-|-|-|-|-|-|-|
|Hydropo||||||||
|wer||||||||
|Develop||||||||
|ment||||||||
|Co., Ltd.||||||||
||6,006,898|227,046,1|-221,275,|272,790,5|-73,370,7|-411,483,|5,800,605|
|Subtotal||||||||
||,270.00|76.00|476.00|74.00|61.00|128.00|,655.00|
||6,604,709|227,046,1|-221,275,|316,251,8|-148,143,|-411,483,|6,367,106|
|Total||||||||
||,646.00|76.00|476.00|15.00|014.00|128.00|,019.00|

Notes
11.Investment real estate
（1）Measured by the cost of investment in real estate
InRMB√Applicable□Not applicable
||||||
|-|-|-|-|-|
|Items|House, Building|Land use right|Construction in process|Total|
|I. Original price|||||
|1. Balance at|||||
||20,135,165.00|||20,135,165.00|
|period-beginning|||||
|2.Increase in the current|||||
|period|||||
|(1) Purchase|||||
|（ 2 ） Inventory\Fixed|||||
|assets\ Transferred from|||||
|construction in progress|||||
|(3)Increased of|||||
|Enterprise Combination|||||
|3.Decreased amount of|||||
|the period|||||
|（1）Dispose|||||
|（2）Other out|||||
|4. Balance at period-end|20,135,165.00|||20,135,165.00|
|II.Accumulated|||||
|amortization|||||
|1.Opening balance|9,931,732.00|||9,931,732.00|
|2.Increased amount ofthe|||||
||317,800.00|||317,800.00|
|period|||||
|(1) Withdrawal|317,800.00|||317,800.00|
|3.Decreased amount of|||||

||||
|-|-|-|
|the period|||
|（1）Dispose|||
|（2）Other out|||
|4. Balance at|||
||10,249,532.00|10,249,532.00|
|period-end|||
|III. Impairment provision|||
|1. Balance at|||
|period-beginning|||
|2.Increased amount of|||
|the period|||
|(1) Withdrawal|||
|3.Decreased amount of|||
|the period|||
|（1）Dispose|||
|（2）Other out|||
|4. Balance at period-end|||
|IV.Book value|||
|1.Book value at period||9,885,633.00|
||9,885,633.00||
|-end|||
|2.Book value at||10,203,433.00|
||10,203,433.00||
|period-beginning|||

(2) Details of fixed assets failed to accomplish certification of property
□ Applicable√ Not appliucable
12. Fixed assets
（1）Fixed assets
In RMB
|||||||
|-|-|-|-|-|-|
||Including: House,|Machinery||||
|Items|||Transportations|Other equipment|Other|
||building|eqiupment||||
|I. Original price||||||
|1.Opening||||||
||13,834,307,849.00|47,775,699,632.00|612,368,738.00|1,014,042,348.00|63,236,418,567.00|
|balance||||||
|2.Increased amount||||||
||269,113,034.00|111,943,478.00|5,251,013.00|9,967,554.00|396,275,079.00|
|ofthe period||||||
|(1) Purchase||||||
||22,720,239.00|27,824,397.00|3,158,543.00|7,458,699.00|61,161,878.00|

|||||||
|-|-|-|-|-|-|
|(2) Transferred fro||||||
|m construc||||||
||50,341,192.00|43,270,433.00||989,828.00|94,601,453.00|
|tion in pro||||||
|gress||||||
|(3)Increased of||||||
|Enterprise|196,051,603.00|40,848,648.00|2,092,470.00|1,519,027.00|240,511,748.00|
|Combination||||||
|3. Decrease in the||||||
||421,419.00|57,254,353.00|6,454,957.00|1,819,884.00|65,950,613.00|
|current period||||||
|（1）Disposal|421,419.00|57,254,353.00|6,454,957.00|1,819,884.00|65,950,613.00|
|4. Balance at||||||
||14,102,999,464.00|47,830,388,757.00|611,164,794.00|1,022,190,018.00|63,566,743,033.00|
|period-end||||||
|II.Accumulated||||||
|amortization||||||
|1. Balance at||||||
||4,575,546,265.00|17,734,197,932.00|380,854,757.00|633,443,892.00|23,324,042,846.00|
|period-beginning||||||
|2. Increase in the||||||
||273,641,059.00|1,482,088,391.00|22,713,930.00|29,164,236.00|1,807,607,616.00|
|current period||||||
|(1) Withdrawal|254,166,129.00|1,471,777,300.00|20,958,514.00|28,231,655.00|1,775,133,598.00|
|（2）Increase||||||
||19,474,930.00|10,311,091.00|1,755,416.00|932,581.00|32,474,018.00|
|inEnterprise merge||||||
|3. Decrease in the||||||
||96,464.00|34,745,254.00|5,934,246.00|1,331,198.00|42,107,162.00|
|current period||||||
|（1）Disposal|96,464.00|34,745,254.00|5,934,246.00|1,331,198.00|42,107,162.00|
|4. Balance at||||||
||4,849,090,860.00|19,181,541,069.00|397,634,441.00|661,276,930.00|25,089,543,300.00|
|period-end||||||
|III. Impairment||||||
|provision||||||
|1. Balance at||||||
||240,233,419.00|500,953,423.00|2,892,966.00|3,995,616.00|748,075,424.00|
|period-beginning||||||
|2.Increased||||||
|amount of the period||||||
|(1) Withdrawal||||||
|3. Decrease in the||||||
|||17,128.00|107,454.00||124,582.00|
|current period||||||
|（1）Dispose||17,128.00|107,454.00||124,582.00|
|4. Balance at|240,233,419.00|500,936,295.00|2,785,512.00|3,995,616.00|747,950,842.00|

|||||||
|-|-|-|-|-|-|
|period-end||||||
|IV.Book value||||||
|1.Book value at||||||
||9,013,675,185.00|28,147,911,393.00|210,744,841.00|356,917,472.00|37,729,248,891.00|
|period -end||||||
|2.Book value at||||||
||9,018,528,165.00|29,540,548,277.00|228,621,015.00|376,602,840.00|39,164,300,297.00|
|period-beginning||||||

（2） Fixed assets leased out from operation lease:
In RMB
||||||
|-|-|-|-|-|
|||Accumulated|||
|Items|Book value||Impairment provision|Book value|
|||amortization|||
|Zhongyue Financing|||||
||900,000,000.00|197,916,303.82|0.00|702,083,696.18|
|lease rent|||||
|Yuejiang Financing lease|||||
||631,080,000.00|240,387,538.34|0.00|390,692,461.66|
|rent|||||
|Jinghai Financing lease|||||
||1,600,000,000.00|625,416,666.67|0.00|974,583,333.33|
|rent|||||

（3）Fixed assets held for sale at the end of the year
In RMB
|||
|-|-|
|Items|Closing book value e|
|House and building|3,036,533.00|

 13.Project under construction
（1）Project under construction
In RMB
||||||||
|-|-|-|-|-|-|-|
||Year-end balance|||Year-beginning balance|||
|Items|Book balance|Provision for|Book Net value|Book balance|Provision for|Book Net value|
|||devaluation|||devaluation||
|Project of "New|||||||
|Big Power Units|||||||
|While Closing|||||||
|Small Ones" of|4,476,088,660.00||4,476,088,660.00|3,787,247,455.00||3,787,247,455.00|
|Yuejiang Electric|||||||
|Power|||||||
|(2x600MW)|||||||
|Electric units|||||||
||878,559,148.00||878,559,148.00|541,350,180.00||541,350,180.00|
|Construction of|||||||
|Dapu Power Plant|||||||

||||||||
|-|-|-|-|-|-|-|
|(2 * 600MW)|||||||
|Bohe coal|||||||
|integration|1,439,338,007.00||1,439,338,007.00|1,229,219,826.00||1,229,219,826.00|
|project|||||||
|Project of Humen|||||||
||137,345,530.00|2,916,126.00|134,429,404.00|137,253,230.00|2,916,126.00|134,337,104.00|
|units2*1000MW|||||||
|Linchang|||||||
||700,145,173.00||700,145,173.00||||
|Dayakou Station|||||||
|Project of units|||||||
|5# and 6# of Red|42,755,027.00||42,755,027.00|40,470,000.00||40,470,000.00|
|Bay|||||||
|Project of|||||||
||85,254,354.00||85,254,354.00|59,452,711.00||59,452,711.00|
|Dianbai Hot wind|||||||
|Project of|||||||
|Leizhou|||||||
||17,625,753.00||17,625,753.00|12,925,651.00||12,925,651.00|
|Hongxinlou Wind|||||||
|power|||||||
|Huizhou|||||||
|Naturalgas II|||||||
||58,948,185.00||58,948,185.00|55,220,347.00||55,220,347.00|
|Phase|||||||
|Construction|||||||
|Project of Jinghai|||||||
|Power Plant 5 #|35,049,305.00||35,049,305.00|18,178,754.00||18,178,754.00|
|and 6# units|||||||
|Other project|257,397,753.00||257,397,753.00|211,668,455.00||211,668,455.00|
|Technology|||||||
|improvement and|264,796,546.00|881,367.00|263,915,179.00|259,856,271.00|881,367.00|258,974,904.00|
|other project|||||||
|Total|8,393,303,441.00|3,797,493.00|8,389,505,948.00|6,352,842,880.00|3,797,493.00|6,349,045,387.00|

（2）Significant changes in projects of construction-in-progress
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||Amountat yearbeginning|||||||Thereint|Current|||
|||||||||Accumul|||||
|||||||Project|||||||
||||||||||o:||||
|||||||||ated|||||
|||||Transferr||investme|||amount||||
||||Increase|||||amount||||Amount|
|||||ed to|Other|nt|Project||of|Interest|Capital||
|Name|Budget||at this|||||of||||at year|
|||||fixed|reduction|proportio|progress||Current|capitaliz|source||
||||period|||||interest||||end|
|||||assets||n of the|||Interest|ation rate|||
|||||||||capitaliz|||||
|||||||budget|||capitaliz||||
|||||||||ed|||||
||||||||||ed||||

||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Project|||||||||||||
|of "New|||||||||||||
|Big|||||||||||||
|Power|||||||||||||
|Units|||||||||||||
|While|||||||||||||
|Closing|5,128,00|3,787,24|688,841,|||4,476,08|||432,373,|98,221,5|||
|||||0.00|0.00||87.29%|87.29%|||5.69%|Other|
|Small|0,000.00|7,455.00|205.00|||8,660.00|||610.00|58.00|||
|Ones" of|||||||||||||
|Yuejiang|||||||||||||
|Electric|||||||||||||
|Power|||||||||||||
|(2x600M|||||||||||||
|W)|||||||||||||
|Electric|||||||||||||
|units|||||||||||||
|Construc|||||||||||||
|tion of|||||||||||||
||5,312,69|541,350,|337,208,|||878,559,|||91,533,2|40,385,5|||
|Dapu||||0.00|0.00||16.54%|16.54%|||5.40%|Other|
||0,000.00|180.00|968.00|||148.00|||57.00|68.00|||
|Power|||||||||||||
|Plant (2|||||||||||||
|*|||||||||||||
|600MW)|||||||||||||
|Bohe|||||||||||||
|coal|||||||||||||
||9,785,95|1,229,21|210,118,|||1,439,33|||30,304,5|15,455,2|||
|integrati||||0.00|0.00||14.71%|14.71%|||6.18%|Other|
||0,000.00|9,826.00|181.00|||8,007.00|||82.00|24.00|||
|on|||||||||||||
|project|||||||||||||
|Project|||||||||||||
|of|||||||||||||
||7,789,51|134,337,|92,300.0|||134,429,|||||||
|Humen||||0.00|0.00||1.73%|1.73%|||0.00%|Financng|
||0,000.00|104.00|0|||404.00|||||||
|units2*1|||||||||||||
|000MW|||||||||||||
|Linchan|||||||||||||
|g|916,132,||700,145,|||700,145,|||82,462,4|16,748,1|||
|||0.00||0.00|0.00||76.42%|76.42%|||6.33%|Other|
|Dayakou|800.00||173.00|||173.00|||68.00|41.00|||
|Station|||||||||||||
|Project|||||||||||||
|of units|||||||||||||
||7,714,37|40,470,0|2,285,02|||42,755,0|||||||
|5# and||||0.00|0.00||554.23%|554.23%|||0.00%|Financng|
||0.00|00.00|7.00|||27.00|||||||
|6# of|||||||||||||
|Red Bay|||||||||||||

||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Project|||||||||||||
|of|483,714,|59,452,7|25,801,6|||85,254,3|||3,865,79|2,580,60|||
|||||0.00|0.00||17.62%|17.62%|||5.09%|Other|
|Dianbai|800.00|11.00|43.00|||54.00|||0.00|7.00|||
|Hot wind|||||||||||||
|Project|||||||||||||
|of|||||||||||||
|Leizhou|925,840,|12,925,6|4,700,10|||17,625,7|||||||
|||||0.00|0.00||1.90%|1.90%|||0.00%|Financng|
|Hongxin|000.00|51.00|2.00|||53.00|||||||
|lou Wind|||||||||||||
|power|||||||||||||
|Huizhou|||||||||||||
|Natural|||||||||||||
|gas II|196,000,|55,220,3|3,727,83|||58,948,1|||||||
|||||0.00|0.00||30.08%|30.08%|||0.00%|Financng|
|Phase|000.00|47.00|8.00|||85.00|||||||
|Constru|||||||||||||
|ction|||||||||||||
|Project|||||||||||||
|of|||||||||||||
|Jinghai|||||||||||||
||8,054,82|18,178,7|16,870,5|||35,049,3|||||||
|Power||||0.00|0.00||0.44%|0.44%|||0.00%|Financng|
||0,000.00|54.00|51.00|||05.00|||||||
|Plant 5 #|||||||||||||
|and 6#|||||||||||||
|units|||||||||||||
||38,600,3||||||||||||
|||5,878,40|1,989,79|||7,868,19|||640,539,|173,391,|||
|Total|71,970.0|||0.00|0.00||--|--||||--|
|||2,028.00|0,988.00|||3,016.00|||707.00|098.00|||
||0||||||||||||

14..Engineering Material
In RMB
||||
|-|-|-|
|Items|End of term|Beginning of term|
|Spectial eqiupment|78,857,427.00|4,633,798.00|
|Spectial Material|2,157,295.00|2,157,295.00|
|Total|81,014,722.00|6,791,093.00|

Notes：
15.Liquidation of fixed assets
In RMB
||||
|-|-|-|
|Items|End of term|Beginning of term|
|Power Equipment parts scrapped due to tec|18,923,364.00|1,493,296.00|

||||
|-|-|-|
|hnical innovation|||
|Administrative supplies|237,126.00|0.00|
|Total|19,160,490.00|1,493,296.00|

Notes：
16. Intangible assets
（1）Intangible assets
In RMB
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||||||Electric|||
||||||||transmissio|||
||Land|||||||||
||||Non-patent||Franchise|Sea use|n project|Transportati||
|Items|use|Patent||Software|||||Total|
||||Technology||right|right|and|on project||
||right|||||||||
||||||||microwave|||
||||||||project|||
|I. Original price||||||||||
||1,551,6|||||||||
|||||73,875,462.|13,720,736.|89,256,779.|442,517,684|22,468,672.|2,194,096,6|
|1.Opening balance|39,042.|618,319.00||||||||
|||||00|00|00|.00|00|94.00|
||00|||||||||
|2.Increased||||||||||
||69,308,|||5,253,549.0||40,649,767.|||115,211,447|
|amount ofthe||||||||||
||131.00|||0||00|||.00|
|period||||||||||
|(1) Purchase||||5,193,549.0||40,649,767.|||45,843,316.|
|||||0||00|||00|
|(2)Internal||||||||||
|Development||||||||||
|(3)Increased of||||||||||
||69,308,||||||||69,368,131.|
|Enterprise||||60,000.00||||||
||131.00||||||||00|
|Combination||||||||||
|3.Decreased||||||||||
|amount of the||||||||||
|period||||||||||
|（1）Disposal||||||||||
||1,620,9|||||||||
|4. Balance at||||79,129,011.|13,720,736.|129,906,546|442,517,684|22,468,672.|2,309,308,1|
||47,173.|618,319.00||||||||
|period-end||||00|00|.00|.00|00|41.00|
||00|||||||||
|II.Accumulated||||||||||
|amortization||||||||||
|1. Balance at|177,635|190,989.00||49,290,881.|7,054,279.0|12,829,171.|403,724,304|21,300,811.|672,025,892|

||||||||||
|-|-|-|-|-|-|-|-|-|
|period-beginning|,457.00||00|0|00|.00|00|.00|
|2. Increase in the|18,624,||4,603,354.0|||||25,244,082.|
|||40,761.00||476,071.00|830,977.00|643,209.00|25,059.00||
|current period|651.00||0|||||00|
||17,656,||4,543,354.0|||||24,215,431.|
|(1) Withdrawal||40,761.00||476,071.00|830,977.00|643,209.00|25,059.00||
||000.00||0|||||00|
|（2）Increased of|||||||||
||968,651|||||||1,028,651.0|
|Enterprise|||60,000.00||||||
||.00|||||||0|
|Combination|||||||||
|3.Decreased|||||||||
|amount of the|||||||||
|period|||||||||
|（1）Disposal|||||||||
|4. Balance at|196,260||53,894,235.|7,530,350.0|13,660,148.|404,367,513|21,325,870.|697,269,974|
|||231,750.00|||||||
|period-end|,108.00||00|0|00|.00|00|.00|
|III. Impairment|||||||||
|provision|||||||||
|1. Balance at||||||33,189,374.|1,021,604.0|34,210,978.|
|period-beginning||||||00|0|00|
|2. Increase in the|||||||||
|current period|||||||||
|(1) Withdrawal|||||||||
|3.Decreased|||||||||
|amount of the|||||||||
|period|||||||||
|（1）Disposal|||||||||
|4. Balance at||||||33,189,374.|1,021,604.0|34,210,978.|
|period-end||||||00|0|00|
|4. Book value|||||||||
||1,424,6||||||||
|1.Book value at|||25,234,776.|6,190,386.0|116,246,398|4,960,797.0||1,577,827,1|
||87,065.|386,569.00|||||121,198.00||
|period -end|||00|0|.00|0||89.00|
||00||||||||
||1,374,0||||||||
|2.Book value at|||24,584,581.|6,666,457.0|76,427,608.|5,604,006.0||1,487,859,8|
||03,585.|427,330.00|||||146,257.00||
|period-beginning|||00|0|00|0||24.00|
||00||||||||

Intangible assets through internal R& D accounting for the balance of intangible assets ratio of0.00% at the end of the period.
17.Goodwill
（1）Original book value of goodwill
In RMB
||||||
|-|-|-|-|-|
||Amount at|Increase in the current period|Decrease in the current period|Amount at|
|Name|||||
||period-beginning|||period-end|
|Province Wind|||||
||2,449,886.00|0.00|0.00|2,449,886.00|
|Power|||||
|Linchang|||||
|||25,036,894.00||25,036,894.00|
|Company|||||
|Total|2,449,886.00|25,036,894.00|0.00|27,486,780.00|

 18. Long-term amortization expenses
In RMB
|||||||
|-|-|-|-|-|-|
||Balance in|Increase at this|Amortization|||
|Items||||Other decrease|Balance in year-end|
||year-begin|period|balance|||
|Leased assets||||||
||5,572,416.00|450,795.00|547,736.00||5,475,475.00|
|improve expenses||||||
|Long-term rent fee|25,428,291.00|0.00|1,014,083.00||24,414,208.00|
|Total|31,000,707.00|450,795.00|1,561,819.00||29,889,683.00|

 Notes
19. Deferred income tax assets and deferred income tax liability
（1）Deferred tax liabilities without offsetting
In RMB
||||||
|-|-|-|-|-|
||Amount at period-end||Amount at period-beginning||
|Items||Deferred income tax||Deferred income tax|
||Temporary differences||Temporary differences||
|||liability||liability|
|Provision for impairment|133,188,421.00|31,140,365.00|133,188,421.00|31,140,365.00|
|Deductible loss|0.00|0.00|0.00|0.00|
|Pre-operating expenses|9,829,416.00|1,361,496.00|9,829,416.00|1,361,496.00|
|Deductible loss|0.00|0.00|0.00|0.00|
|Government grant|47,889,337.00|11,972,334.00|47,889,337.00|11,972,334.00|
|Net income from|||||
|testrunincluded in|26,896,029.00|6,604,120.00|26,896,029.00|6,604,120.00|
|construction in progress|||||
|Fixed assets Depreciation|66,617,909.00|16,654,477.00|66,617,909.00|16,654,477.00|

||||||
|-|-|-|-|-|
|Intangible assets|||||
||3,108,146.00|777,037.00|3,108,146.00|777,037.00|
|Amortisation|||||
|Employee benefits|||||
||49,254,790.00|12,313,698.00|49,254,790.00|12,313,697.00|
|payable|||||
|Total|336,784,048.00|80,823,527.00|336,784,048.00|80,823,526.00|

 (2) Deferred income tax liabilities un-offset
In RMB
||||||
|-|-|-|-|-|
||End of term||Beginning of term||
|Items|Taxable provisional|Deferred income tax|Taxable provisional|Deferred income tax|
||difference|liability|difference|liability|
|Revaluation surplus in|||||
|business combination not|101,895,431.00|25,473,858.00|3,255,066.00|813,769.00|
|under common control|||||
|Changes in fair value of|||||
||459,759,208.00|114,939,802.00|200,753,719.00|50,188,427.00|
|tradable financial assets|||||
|Net incme/expensess|||||
|included in the|46,892,152.00|11,723,038.00|46,892,153.00|11,723,038.00|
|Construction in project|||||
|Total|608,546,791.00|152,136,698.00|250,900,938.00|62,725,234.00|

（3）Deferred income tax assets and deferred income tax liabilities listed after off-set
In RMB
||||||
|-|-|-|-|-|
|||Endding balance of|Trade-off between the|Opening balance|
||Trade-off between the||||
|||deferred income tax|deferred income tax|ofdeferred income tax|
|Items|deferred income tax||||
|||assets or liabilities after|assets and liabilities at|assets or liabilities after|
||assets and liabilities||||
|||off-set|period-begin|off-set|
|Deferred income tax||60,234,316.00||60,234,315.00|
||-20,589,211.00||-20,589,211.00||
|assets|||||
|Deferred income tax||131,547,487.00||42,136,023.00|
||-20,589,211.00||-20,589,211.00||
|Liabilities|||||

（4）Details of unrecognized deferred income tax assets
In RMB
||||
|-|-|-|
|Items|Ending balance|Opening balance|
|Deductible temporary differences|800,778,504.00|912,430,704.00|

||||
|-|-|-|
|Deductible tax losses|478,120,849.00|461,474,828.00|
|Total|1,278,899,353.00|1,373,905,532.00|

（5）Expiration of deductible tax losses for unrecognised defered tax assets
In RMB
|||||
|-|-|-|-|
|Year|Ending amount|Opening amount|Notes|
|2015|111,974,454.00|108,707,352.00||
|2016|231,867,041.00|227,073,101.00||
|2017|116,608,507.00|113,780,436.00||
|2018|2,620,176.00|2,637,971.00||
|2019|11,259,840.00|9,275,968.00||
|2020|3,790,830.00|0.00||
|Total|478,120,848.00|461,474,828.00|--|

Notes
20.Other non-current assets
In RMB
||||
|-|-|-|
|Items|At end of term|At beginning of term|
|Prepay Porject and equipment funds|3,733,877,654.00|2,810,434,353.00|
|Unrealized loss of sale and leaseback|221,911,398.00|231,510,352.00|
|Total|3,955,789,052.00|3,041,944,705.00|

Notes：
21. Short-term borrowings
（1）Categories of short-term loans
In RMB
||||
|-|-|-|
|Items|At end of term|At beginning of term|
|Credit loans|8,406,000,000.00|5,721,000,000.00|
|Total|8,406,000,000.00|5,721,000,000.00|

 Statement on categories of short-termloans：
On June 30, 2015,Unsecured borrowings amounted to RMB4,835,000,000 is from Yudean Finance (31 December
2014)RMB4,149,000,000)
(b) On June 30, 2015, The Group has no outstanding overdue short-term borrowings.
22. Bills payable
In RMB
||||
|-|-|-|
|Type|At end of term|At beginning of term|
|Commercial acceptance|150,000,000.00|70,000,000.00|
|Bank acceptance|198,122,499.00|251,711,616.00|
|Total|348,122,499.00|321,711,616.00|

 Amount due in next fiscal period is RMB 0.00.
23. Account payable
（1）Account payable
In RMB
||||
|-|-|-|
|Items|At end of term|At beginning of term|
|Fuel payable|2,274,483,117.00|1,361,267,039.00|
|Construction and equipment payable|367,054,371.00|426,407,376.00|
|Management fee payable|100,667,955.00|94,009,782.00|
|Other|48,425,453.00|31,610,680.00|
|Total|2,790,630,896.00|1,913,294,877.00|

（2）Accout payable due to 1 year
In RMB
||||
|-|-|-|
|Items|End of term|Reason|
|||After both parties to confirm the amount|
|Fuel payable|11,753,524.00||
|||paid|
|Management fee payable|111,927,493.00|Time arrangement for payable|
|Total|123,681,017.00|--|

Notes：
24. Received in advance
（1）Received in advance
In RMB
||||
|-|-|-|
|Items|At end of term|At beginning of term|
|Advance disposal of recyclable resources|124,381.00|179,708.00|
|Other|88,927.00||
|Total|213,308.00|179,708.00|

25.Employees’ wage payable
(1) Details
In RMB
||||||
|-|-|-|-|-|
|Items|Beginning of term|Increased this period|Decreased this period|End of term|
|I. Short-term wages|91,157,716.00|744,356,203.00|671,104,628.00|164,409,291.00|
|II. Welfare afterleaving|||||
|of position-fixed|1,497,384.00|101,347,702.00|102,517,507.00|327,579.00|
|provision scheme|||||
|IV.Other welfare within 1|||||
||13,169,143.00|271,829.00|1,590,900.00|11,850,072.00|
|year|||||
|Total|105,824,243.00|845,975,734.00|775,213,035.00|176,586,942.00|

 (2) Details of short term wages
In RMB
||||||
|-|-|-|-|-|
|Items|Beginning of term|Increased this period|Decreased this period|End of term|
|1.Wage, bonus,|||||
|||500,157,703.00|433,799,854.00|66,357,849.00|
|allowance and subsidies|||||
|2. Employee welfare|4,221,970.00|53,459,598.00|53,968,415.00|3,713,153.00|
|3. Social insurance|30,595,524.00|34,672,896.00|32,445,486.00|32,822,934.00|
|Incl. Medical insurance|30,593,710.00|31,802,185.00|29,573,152.00|32,822,743.00|
|Labor injury insurance|1,814.00|1,681,629.00|1,683,391.00|52.00|
|Maternity insurance||1,189,082.00|1,188,943.00|139.00|
|4. Housing fund|33,064.00|120,446,783.00|120,444,698.00|35,149.00|
|5. Labour union fee and|||||
||54,787,347.00|20,420,039.00|15,416,898.00|59,790,488.00|
|employee education fee|||||
|8.Other|1,519,811.00|15,199,184.00|15,029,277.00|1,689,718.00|
|Total|91,157,716.00|744,356,203.00|671,104,628.00|164,409,291.00|

 (3) Details of fixed provision scheme
In RMB
||||||
|-|-|-|-|-|
|Items|Beginning of term|Increased this period|Decreased this period|End of term|
|1.Basic pension|||||
||973,508.00|71,109,885.00|72,070,372.00|13,021.00|
|insurance|||||
|2. Unemployment|||||
||523,876.00|3,233,552.00|3,442,870.00|314,558.00|
|insurance|||||
|3. Enterprise annual fee|0.00|27,004,265.00|27,004,265.00|0.00|
|Total|1,497,384.00|101,347,702.00|102,517,507.00|327,579.00|

Notes：
26. Tax payable
In RMB
||||
|-|-|-|
|Items|End of term|Beginning of term|

||||
|-|-|-|
|VAT|159,447,566.00|116,279,995.00|
|Operational tax|2,170,485.00|2,480,359.00|
|Enterprise income tax|299,386,481.00|281,556,788.00|
|Individual income tax|15,125,646.00|31,973,720.00|
|City maintenance and construction tax|9,079,860.00|7,976,346.00|
|Education surtax|7,764,666.00|6,594,531.00|
|Land use tax|905,014.00|1,190,672.00|
|Property tax|2,426,201.00|1,240,728.00|
|Discharge fees|4,799,588.00|3,786,528.00|
|Price regulation fund|4,720,113.00|5,598,220.00|
|Other|1,412,227.00|3,553,457.00|
|Total|507,237,847.00|462,231,344.00|

Notes：
27. Interest Payable
In RMB
||||
|-|-|-|
|Items|At end of term|At beginning of term|
|Long-term loans interest of installment and|||
||187,667,347.00|51,758,493.00|
|interest charge|||
|Debenture interest|23,248,814.00|136,065,449.00|
|Short term loan interest payable|21,109,287.00|27,132,601.00|
|Total|232,025,448.00|214,956,543.00|

 Interest overdue withoutpaid：
In RMB
||||
|-|-|-|
|Borrower|Amount|Reason|

Notes：
28.Dividend payable
In RMB
||||
|-|-|-|
|Company name|Ending balance|Beginning balance|
|Common dividends|8,640,834.00|7,918,730.00|
|Total|8,640,834.00|7,918,730.00|

Other explanation, including dividends payable with over one yearage and disclosure un-paymentreasons：
29.Other Payable
（1） Other Payable
In RMB
||||
|-|-|-|
|Name|At end of term|At beginning of term|
|Performance guarantee deposits from|||
||197,040,060.00|206,292,851.00|
|construction|||
|Construction and equipment payable|2,045,363,705.00|2,208,802,539.00|
|Volume Purchase payable|28,000,000.00|33,000,000.00|
|Advance from shaoguan Electric Power|||
||29,362,756.00|25,366,557.00|
|plant|||
|Other|103,712,635.00|103,640,346.00|
|Total|2,403,479,156.00|2,577,102,293.00|

（2）Statement on large amount other payable accounts due for over one year
In RMB
||||
|-|-|-|
|Items|End of term|Reason|
|Performance guarantee deposits from|||
||55,017,044.00||
|construction|||
|Construction and equipment payable|1,074,971,292.00||
|Volume Purchase payable|28,000,000.00||
|Advance from shaoguan Electric Power|||
||29,362,756.00||
|plant|||
|Other|21,005,135.00||
|Total|1,208,356,227.00|--|

Notes:
Mainly used to cope with project funds and retention money. Since the project has not finished the project and acceptance and final s ettlement or in the warranty period of acceptance, the project funds and retention money has not been settled.
30.Non-current libability due in 1 year
In RMB
||||
|-|-|-|
|Name|At end of term|At beginning of term|
|Account payable due in 1 year|796,146,551.00|2,016,890,836.00|
|Bond payable due in 1 year|0.00|1,999,548,864.00|
|Long-term Account payable due in 1 year|373,031,173.00|467,522,644.00|
|Long-termliability due in 1 year|700,000.00|14,000,000.00|

||||
|-|-|-|
|Total|1,169,877,724.00|4,497,962,344.00|

Notes：
31.Other current liabilities
In RMB
||||
|-|-|-|
|Name|At end of term|At beginning of term|
|Short-term financing notes payable|725,119,863.00|808,630,228.00|
|Total|725,119,863.00|808,630,228.00|

 32.Long-term loan
（1）Long-term loan
In RMB
||||
|-|-|-|
|Name|At end of term|At beginning of term|
|Pledge loans|1,760,078,400.00|416,368,400.00|
|Mortgage loans|346,400,000.00|346,400,000.00|
|Guarantee loans|1,772,212,500.00|1,743,375,000.00|
|Credit loans|19,126,701,322.00|18,108,773,246.00|
|Total|23,005,392,222.00|20,614,916,646.00|

 Notes：
33.Bond payable
（1）Bond payable
In RMB
||||
|-|-|-|
|Name|At end of term|At beginning of term|
|12 Yudean Bond|1,195,553,333.00|1,195,076,905.00|
|Total|1,195,553,333.00|1,195,076,905.00|

（2）Changes of bonds payable(Not including the other financial instrument of preferred stock and perpetual capital securities that classify as financial liability)
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|12|||||||||||
||1,200,000|2013-03-||1,200,000|1,195,076||29,700,00|476,428.0|59,400,00|1,195,553|
|Yudean|||7 Year|||0.00|||||
||,000.00|18||,000.00|,905.00||0.00|0|0.00|,333.00|
|bond|||||||||||

||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||1,200,000|1,195,076||29,700,00|476,428.0|59,400,00|1,195,553|
|Total|--|--|--|||0.00|||||
|||||,000.00|,905.00||0.00|0|0.00|,333.00|

 34.Long-term payable
（1）Long-term payable
In RMB
||||
|-|-|-|
|Name|At end of term|At beginning of term|
|Financing lease|2,698,892,032.00|2,649,435,371.00|

Notes：
35.Long-term employee payable
（1）Long-term employee payable
In RMB
||||
|-|-|-|
|Name|At end of term|At beginning of term|
|Termination benefits|47,910,348.00|53,839,983.00|
|Total|47,910,348.00|53,839,983.00|

 36.Special payable
In RMB
|||||||
|-|-|-|-|-|-|
|Items|Beginning of term|Increased this term|Decreased this term|End of term|Remarks|
|Relocation compens||||||
||16,192,269.00|0.00|144,164.00|16,048,105.00||
|ation||||||
|Special fund of||||||
|administrative unds-||||||
|water and electricity||22,460,000.00||22,460,000.00||
|efficiency expansion||||||
|project||||||
|Total|16,192,269.00|22,460,000.00|144,164.00|38,508,105.00|--|

Notes：
37.Differed income
In RMB
|||||||
|-|-|-|-|-|-|
||||Decreased this|||
|Items|Beginning of term|Increased this period||End of term|Cause|
||||period|||
|Government subsidy|88,484,262.00|1,681,272.00|1,629,712.00|88,535,822.00||
|Income from sales||||||
||9,712,758.00||4,738,010.00|4,974,748.00||
|and lease back of||||||

|||||||
|-|-|-|-|-|-|
|fixed assets||||||
|Total|98,197,020.00|1,681,272.00|6,367,722.00|93,510,570.00|--|

Details of government subsidies
In RMB
||||||||
|-|-|-|-|-|-|-|
||||Amount||||
||Beginning of|New subsidy in|transferred to|||Asset-related or|
|Items||||Other changes|End of term||
||term|current period|non-operational|||income-related|
||||income||||
|The unit 5|||||||
|desulfurization|||||||
||12,307,693.00||1,538,462.00||10,769,231.00|Related to assets|
|project of shajiao|||||||
|A|||||||
|Expansion on|||||||
|flow|||||||
||4,850,312.00||||4,850,312.00|Related to assets|
|reconstructionpro|||||||
|ject of shaojiao A|||||||
|Energy saving|||||||
|funds of Yuejiang|2,810,000.00||62,500.00||2,747,500.00|Related to assets|
|Company|||||||
|Denitration|||||||
|project ofshaojiao|3,508,547.00||||3,508,547.00|Related to assets|
|a|||||||
|Refurnishment|||||||
|onair preheater|2,997,949.00|1,150,000.00|||4,147,949.00|Related to assets|
|of shajiao A|||||||
|Tax refund for|||||||
|PRC-produced of|25,517,767.00||||25,517,767.00|Related to assets|
|shibeishan|||||||
|Equipment|||||||
|water-freshing|||||||
|project of|1,538,462.00||||1,538,462.00|Related to assets|
|Zhanjiang|||||||
|Zhongyue|||||||
|Shajiao A|||||||
|Zhenkou Pump|11,902,314.00||||11,902,314.00|Related to assets|
|house|||||||
|Dianbei Reshui|||||||
|Wind power|3,000,000.00||||3,000,000.00|Related to assets|
|plant project|||||||
|Assets speical|1,433,000.00||28,750.00||1,404,250.00|Related to assets|

||||||||
|-|-|-|-|-|-|-|
|funds for|||||||
|differential|||||||
|electricity price|||||||
|of Yuejiang|||||||
|Special prize|||||||
|funds of recycle|||||||
|econmy and|412,500.00||||412,500.00|Related to assets|
|energy saving of|||||||
|Guangqian|||||||
|Incentives for|||||||
|energy efficiency|||||||
||6,705,006.00||||6,705,006.00|Related to assets|
|of power plant of|||||||
|Shajiao A|||||||
|Development and|||||||
|competitiveness|||||||
|fund from|||||||
||10,666,667.00||||10,666,667.00|Related to assets|
|SASAC of|||||||
|Xuwen Wind|||||||
|Power|||||||
|Port|||||||
|constructionfee|||||||
||834,045.00|131,272.00|||965,317.00|Related to income|
|and charge of|||||||
|JiaojiaoA|||||||
|Project|||||||
|Development|0.00|400,000.00|||400,000.00|Related to income|
|Fund of Dayakou|||||||
|Total|88,484,262.00|1,681,272.00|1,629,712.00|0.00|88,535,822.00|--|

Other：
38. .Stock capital
In RMB
|||||||||
|-|-|-|-|-|-|-|-|
|||Increase/decrease this time (+ , - )||||||
||Balance||||||Balance|
|||Issuing of new||Transferred||||
||Year-beginning||Bonus shares||Other|Subtotal|year-end|
|||share||from reserves||||
|Total of capital|4,375,236,655.00||||||5,250,283,986.00|
||||875,047,331.00|||875,047,331.00||
|shares||||||||

Notes：
39. Capital reserves
In RMB
||||||
|-|-|-|-|-|
|Items|Year-beginning balance|Increase in the current|Decrease in the current|Year-end balance|

||||||
|-|-|-|-|-|
|||period|period||
|Share premium|4,439,517,054.00|||4,439,517,054.00|
|Other capital reserves|1,652,919.00|||1,652,919.00|
|Estimate Increase|119,593,718.00|||119,593,718.00|
|Transfer from the|||||
|balance of capital surplus|||||
||20,474,592.00|||20,474,592.00|
|recognised under|||||
|previous accounting|||||
|Investment from Yudean|||||
||395,000,000.00|||395,000,000.00|
|Group|||||
|Enjoy the rights of associ|||||
|ated enterprise base on sh|22,194,784.00|||22,194,784.00|
|are holding|||||
|Total|4,998,433,067.00|||4,998,433,067.00|

 Other exlanation, including changes and reasons forchanges：
40.Other Comprehensive income
In RMB
|||||||||
|-|-|-|-|-|-|-|-|
|||Occurred current term||||||
||||Less：|||||
|||Amount||||||
||||Accounted as||Attributable|||
|||occurred||||Attributable||
||Beginning of||||||End of|
||||other gains|Less：|to the|||
|Items||||||||
|||before||||to minority||
||term||previously but|Income tax|parent||term|
|||income tax||||shareholder||
||||transferred to|expenses|Company|||
|||of the||||s after tax||
||||gain/loss this||after tax|||
|||period||||||
||||period|||||
|II. Other Comprehensive income that|||||194,254,115.00|||
||172,496,403.|259,005,48||64,751,372.|||366,750,5|
|will be reclassified subsequently to|||0.00|||||
||00|7.00||00|||18.00|
|profit or loss||||||||
|Indluding：Share of other||||||||
|comprehensive income of the|21,931,111.0||||||21,931,11|
|investee under the equity method that|0||||||1.00|
|w8ill be reclassified to profit or loss||||||||
|Gains or losses on changes in fair|||||194,254,115.00|||
||150,565,292.|259,005,48||64,751,372.|||344,819,4|
|value of available-for-sale financial||||||||
||00|7.00||00|||07.00|
|assets||||||||
||172,496,403.00|259,005,48||64,751,372.|194,254,115.00||366,750,518.00|
|Total||||||||
|||7.00||00||||

Other explanation, including the active part of the hedging gains/losses of cash flow transfer to initial recognization adjustment fro
the arbitrageditems：
41. Surplus reserve
In RMB
||||||
|-|-|-|-|-|
|Items|Year-beginning balance|Increase in the current|Decrease in the current|Year-end balance|
|||period|period||
|Statutory surplus|||||
||1,847,576,221.0|0 286,082,403.00||2,133,658,624.00|
|reserve|||||
|Optional surplus reserves|2,963,327,144.0|0 715,206,007.00||3,678,533,151.00|
|Total|4,810,903,365.0|0 1,001,288,410.00||5,812,191,775.00|

 Other explanation, including changes reasons forchanges：
42. Retained profits
In RMB
||||
|-|-|-|
|Items|Current period|Last period|
|Before adjustments: Retained profits at the|||
||6,952,985,107.00|5,431,387,393.00|
|period end|||
|Adjustments: Total retained profits at the period|||
||0.00|0.00|
|beginning （+，-）|||
|After adjustments: Retained profits at the period|6,952,985,107.00||
|||5,431,387,393.00|
|beginning|||
|Add：Net profit belonging to the owner of the|||
||1,720,995,015.00|1,644,460,546.00|
|parent company|||
|Less：Drawing statutory surplus reserve|286,082,403.00|173,523,454.00|
|Drawing discretionary surplus reserve|715,206,007.00|433,808,635.00|
|DrawingCommon risk provision|1,750,094,662.00|875,047,331.00|
|Payable dividends of common shares|5,922,597,050.00|5,593,468,519.00|
|Retained profits at the period end|||

As regards the details of adjusted the beginning undistributed profits
(1)As the retroactive adjustment on Enterprise Accounting Standards and its related new regulations, the affected beginning undistributed profits are RMB 0.00.
(2) As the change of the accounting policy, the affected beginning undistributed profits are RMB 0.00.
(3) As the correction of significant accounting error, the affected beginning undistributed profits are RMB 0.00 .
(4) As the change of consolidation scope caused by the same control, the affected beginning undistributed profits
are RMB 0.00.
(5) Other adjustment of the total affected beginning undistributed profits are RMB 0.00 .
43. Business income, Business cost
In RMB
||||||
|-|-|-|-|-|
||Amount of current period||Amount of previous period||
|Items|||||
||Income|Cost|Income|Cost|
|Income from Business|||||
||12,829,246,738.00|9,165,222,591.00|14,899,869,105.00|10,965,575,585.00|
|income|||||
|Other Business income|82,306,494.00|16,499,428.00|71,444,541.00|16,867,528.00|
|Total|12,911,553,232.00|9,181,722,019.00|14,971,313,646.00|10,982,443,113.00|

 44. Business taxes and surcharges
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Business tax|4,537,938.00|2,205,231.00|
|City maintenance and construction tax|54,939,268.00|45,487,117.00|
|Surcharge for education|46,485,500.00|37,974,424.00|
|Total|105,962,706.00|85,666,772.00|

 Notes:
45.Selling expenses
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Business expenses|821,137.00|1,471,882.00|
|Total|821,137.00|1,471,882.00|

Notes：
46. Administrative expenses
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Employee’s remuneration|174,984,163.00|158,689,241.00|
|Depreciation expenses|22,690,907.00|24,294,734.00|
|Repair expenses|3,760,763.00|4,234,406.00|
|Office expenses|6,209,864.00|6,822,510.00|
|Insurance|1,851,678.00|1,151,813.00|

||||
|-|-|-|
|Travel expenses|2,651,430.00|3,007,457.00|
|Board of directors|701,036.00|1,908,272.00|
|Customers|4,505,106.00|6,944,453.00|
|Lowsuit expenses|1,023,219.00|1,166,472.00|
|Amortiation of Intangible assets|24,175,132.00|20,516,995.00|
|Effluent charges|12,863,994.00|24,697,292.00|
|Consulting fee|1,788,654.00|1,778,815.00|
|Agency Charge|3,233,082.00|3,000,313.00|
|Tax fee|50,922,398.00|67,553,155.00|
|Property Management|7,692,885.00|12,274,379.00|
|Fireman’s charge|12,328,317.00|12,408,143.00|
|Embankment protection fees|6,200,430.00|8,414,776.00|
|Health afforestation fees|5,894,982.00|3,871,410.00|
|Other|30,885,247.00|33,819,876.00|
|Total|374,363,287.00|396,554,512.00|

Notes：
47.Financial expenses
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Interest expenses|843,968,072.11|913,312,263.00|
|Interest income|-33,436,364.40|-29,331,087.00|
|Other|1,733,572.29|3,905,314.00|
|Total|812,265,280.00|887,886,490.00|

Notes：
48. .Loss of assets impairment
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|1. Bad debts losses||-1,388,889.00|
|2. Inventory falling price losses||-673,399.00|
|Total||-2,062,288.00|

Notes：
49.Investment income
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Gainfrom long-term eqiuty investment under|||
||316,251,814.00|336,254,319.00|
|Equity method|||
|Investment income from the disposal of|||
||152,042,682.00||
|long-term equity investment|||
|Investment income from holding the|||
|financialasset of which fair value recognized||607,511.00|
|in profit or loss|||
|Investment income gain from available for sale|||
||2,400,000.00|14,962,500.00|
|financial assets|||
|Other|49,276,222.00|-1,707,750.00|
|Total|519,970,718.00|350,116,580.00|

Notes：
50. Non-Operation income
In RMB
|||||
|-|-|-|-|
|Items|Amount of current period|Amount of previous period|Recorded in the amount of the|
||||non-recurring gains and losses|
|Total gains from disposal of|894,294.00|1,616,440.00||
||||894,294.00|
|non-current assets||||
|Including：Gains from disposal||||
||894,267.00|1,060,795.00|894,267.00|
|of fixed assets||||
|Gains from disposal of||||
||0.00|555,645.00|0.00|
|intangible assets||||
|Government Subsidy|19,733,641.00|13,994,880.00|3,417,315.33|
|Other|572,205.00|1,344,011.00|572,205.00|
|Total|21,200,140.00|16,955,331.00|4,311,609.33|

 Government subsidy reckoned into current gains/losses
In RMB
|||||
|-|-|-|-|
|Items|Amount of this period|Amount of last period|Assets-related/income -related|
|Income of levy and refund of V||||
||6,719,511.00|4,666,419.00|Related to the income|
|AT||||

|||||
|-|-|-|-|
|Amortization of Government S||||
||1,667,315.00|3,038,461.00|Related to the assets|
|ubsidy||||
|River seawall reinforcement gra||||
||750,000.00|2,030,000.00|Related to the income|
|nts||||
|Energy conservation Subsidy|1,000,000.00|2,760,000.00|Related to the income|
|Purchase natural gas subsidies|9,576,815.00|0.00|Related to the income|
|Other|20,000.00|1,500,000.00|Related to the income|
|Total|19,733,641.00|13,994,880.00|--|

Notes：
51. Non-operating expenses
In RMB
|||||
|-|-|-|-|
|Items|Amount of current period|Amount of previous period|Amount recorded in current|
||||non-operating gains and losses\|
|Total Disposal of loss of|257,135.00|20,960,267.00||
||||257,135.00|
|non-current assets||||
|Including：Disposal of net||||
||257,135.00|20,948,267.00|257,135.00|
|loss of fixed assets||||
|Intangible assets||||
|||12,000.00||
|disposal losses||||
|Foreign donations|453,756.00|555,678.00|453,756.00|
|Other|353,824.00|4,763,600.00|353,824.00|
|Total|1,064,715.00|26,279,545.00||

Notes：
52. .Income tax expenses
（1）Lists of income tax expense
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Current income tax|594,165,352.00|639,926,159.00|
|Deferred income tax expenses|-515,517.00|-2,659,028.00|
|Tax filling differences|-15,261,113.00||
|Total|578,388,722.00|637,267,131.00|

（2）Adjustment on accounting profit and income tax expenses
In RMB
|||
|-|-|
|Items|Current amount|
|Total profits|2,976,524,946.00|
|Income tax expenses calculated on legal / applicable tax||
||744,131,237.00|
|rate||
|Impact of different tax rates of subsidiaries|-298,237.00|
|Impact of income tax adjustment in previous periods|-15,261,113.00|
|Impact of non-taxable income|-129,992,680.00|
|Impact of un-deductible costs, epenses or losses\|100,832.00|
|Impact of deductible loss of un-recognized deferred income||
||-22,442,055.00|
|taxassets of previous periods||
|Impact of deductible temporary difference of un-recognized||
||2,150,738.00|
|deferred income tax asset of current period||
|Income tax expenses|578,388,722.00|

 Notes
53 Other comprehensive income
See to Notes VII.40.
54.Notes of Cash flow statement
（1）Cash received related to other operating activities
In RMB
||||
|-|-|-|
|Items|Occurred current term|Occurred in previous term|
|Interest income|29,696,988.55|25,942,328.00|
|Government Subsidy|7,359,948.97|47,873,866.00|
|Insurance indemnity|31,632,432.88|24,301,649.00|
|Rent income|2,541,202.00|1,651,908.00|
|Other|10,626,809.60|7,712,902.00|
|Total|81,857,382.00|107,482,653.00|

 Explanation on other cash received in relateion to perationactivities：
（2） Cash paid related to other operating activities
In RMB
||||
|-|-|-|
|Items|Occurred current term|Occurred in previous term|
|Sewage charges|13,877,054.00|91,332,963.00|
|Insurance expenses|31,629,074.00|29,082,708.00|
|Equipment cleaning and hygiene green fee|17,590,064.00|13,782,658.00|

||||
|-|-|-|
|Transportation fee|6,746,968.00|1,517,412.00|
|Fire guard fee|12,328,317.00|13,955,393.00|
|Business fee|5,199,597.00|6,944,453.00|
|Agency Charge|5,021,736.00|3,100,917.00|
|Embankment protection fees|6,200,427.00|3,450,976.00|
|Office Expenses|8,180,473.00|8,440,402.00|
|Travel expenses|4,546,391.00|4,993,524.00|
|Rental fee|7,263,680.00|7,984,698.00|
|Enterprise publicity expenses|2,538,460.00|2,545,326.00|
|Information system maintenance|2,794,655.00|2,431,121.00|
|Water and electrical|7,645,983.00|5,633,321.00|
|R&D development|1,708,666.00|2,481,476.00|
|Property Management fee|7,692,885.00|15,198,809.00|
|Motor expenses|11,370,348.00|12,606,569.25|
|Union expenses|12,215,786.00|12,885,806.00|
|Other|78,490,508.00|41,507,852.75|
|Total|243,041,072.00|279,876,385.00|

 Explanation on other cash paid in relation to perationactivities：
（3）Cash received from other investment activities
In RMB
||||
|-|-|-|
|Items|Occurred current term|Occurred in previous term|
|Merger of linchang cash|52,028,777.00||
|Total|52,028,777.00||

Explanation on cash received from other investmentactivities：
（4）Cash paid related with investment activities
In RMB
||||
|-|-|-|
|Items|Occurred current term|Occurred in previous term|

 Explanation on cash paid related with investmentactivities：
（5）Other cash received in relation to financing activities
In RMB
||||
|-|-|-|
|Items|Occurred current term|Occurred in previous term|

Explanation on other cash received in relation to financingactivities：
（6）Cash paid related with financing activities
In RMB
||||
|-|-|-|
|Items|Occurred current term|Occurred in previous term|
|Yuejia Compan paid the minority|||
||50,400,000.00||
|shareholders capital|||
|Total|50,400,000.00||

Explanation on cash paid related with financingactivities：
55. Supplement Information for cash flow statement
（1）Supplement Information for cash flow statement
In RMB
||||
|-|-|-|
|Supplement Information|Amount of current period|Amount of previous period|
|I. Adjusting net profit to cash flow from|||
||--|--|
|operating activities|||
|Net profit|2,398,136,224.00|2,322,878,400.00|
|Add: Impairment loss provision of assets||-673,399.00|
|Depreciation of fixed assets, oil and gas|||
||1,775,451,397.00|1,813,737,659.00|
|assets and consumable biological assets|||
|Amortization of intangible assets|24,215,430.00|20,516,995.00|
|Amortization of intangible assets|1,561,819.00||
|Loss on disposal of fixed assets, intangible|||
||-637,159.00|19,343,827.00|
|assets and other long-term deferred assets|||
|Financial cost|843,968,072.00|913,552,263.00|
|Loss on investment|-519,970,718.00|-351,016,013.00|
|Decrease of deferred income tax assets||-2,118,559.00|
|Increased of deferred income tax liabilities|-515,517.00|-540,469.00|
|Decrease of inventories|51,961,457.00|-126,397,729.00|
|Decease of operating receivables|79,411,520.00|607,460,042.00|
|Increased of operating Payable|1,048,597,909.00|-682,613,106.00|
|Net cash flows arising from operating|5,702,180,434.00|4,534,129,911.00|
|activities|||
|II. Significant investment and financing|||
||--|--|
|activities that without cash flows:|||
|III. Net increase of cash and cash equivalents|--|--|

||||
|-|-|-|
|Ending balance of cash|6,510,700,432.00|5,144,118,327.00|
|Less: Beginning balance of cash|4,528,277,314.00|4,377,311,176.00|
|Net increase of cash and cash equivalents|1,982,423,118.00|766,807,151.00|

（2）Information on acquiring or disposing subsidiary company and other business unit at this period.
In RMB
|||
|-|-|
||Amount|
|Cash and csh equivalents of enterprise consolidation that Occurred||
||0.00|
|in the Current period paid in the current period.||
|Including：|--|
|Less：Cash or cash equivalent Owned by Subsidiary on the||
||52,052,110.00|
|Purchasing Date||
|Including：|--|
|Add：The enterprise merger during the prior period in cash of the||
||0.00|
|current payment or cash equivalent||
|Including：|--|
|Net cash paid for acquisition of subsidiaries|-52,052,110.00|

Other：
（3）Composition of cash and cash equivalents
In RMB
||||
|-|-|-|
|Items|End of term|Beginning of term|
|I. Cash|6,510,700,432.00|4,528,277,314.00|
|Of which: Cash in stock|||
||169,332.00|88,728.00|
|Demanddeposit in the Central Bank|6,510,531,100.00|4,528,188,586.00|
|III. Balance of cash and cash equivalents at|6,510,700,432.00|4,528,277,314.00|
|the period end|||

Notes：
56. Assets with limitation on ownership or using rights
In RMB
||||
|-|-|-|
|Items|Closing book value|Causation o limitation|
|Monetary capital|30,000,000.00|Margin deposit at bank|
|Fixed assets|1,049,446,735.00|Mortgaged generating equipment|
|Account receivable|112,171,137.00|Pledged account receivable electricity bill|

||||
|-|-|-|
|Total|1,191,617,872.00|--|

Notes：
57. Foreign currency monetary items
(1) Foreign currency monetary items
In RMB
|||||
|-|-|-|-|
||||Translated to RMB at end of|
|Items|Balance at end of period|Exchange rate||
||||period|
|Monetary capital|--|--|11,311.00|
|Incl：USD|189.00|6.11|1,155.00|
|HKD|12,878.00|0.79|10,156.00|

 Notes：
(2) Note to overseas operating entities, including important overseas operating entities, wich should be disclosed about its principal business place, function currency for bookkeeping and basis for the choice. In case of any change in function currency, the cause should be disclosed.
□ Applicable√ Not applicable
VIII. Change in consolidation scope
1. Consolidation of enterprises not under common control
(1) Consolidation of enterprises not under common control occurred in the current period
In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||||Standard to|Income of|Net profit of|
||Time point|Cost of|Ratio of|Acquired|||||
||||||Purchasing|determine the|acquiree from|acquiree from|
|Acquiree|for equity|equity|equity|way equity|||||
||||||date|purchasing|purchasing|purchasing|
||obtained|obtained|obtained|obtained way|||||
|||||||date|date to|date to|
|LinchangYuntouYudean|||||January 5,2015|According toNo. 20,enterpriseaccountingstandards,merger orpurchase datereferring tothe date whenthe mergedparty or thebuyeractuallyobtained thecontrol overthe merged|4,357,051.89|-1,030,350.39|
|||||Non-monetar|||||
||November|243,252,487.|||||||
||||51.00%|y assets|||||
||30,2014|00|||||||
|||||exchange|||||

||
|-|
|party or thebuyer,namely thedate when thenet assets orthe control ofproduction,operation anddecision weretransferred tothe mergedparty or thebuyer.|

Notes：
As of December 31, 2014, the Company has invested RMB194.280100 million for Lincangyun capital fund, with the shareholding proportion of49%. In the first half of this year, the Company has completed the synchronous equity replacement of LincangYuntou and WeixinYuntou with Yunnan Power Investment Co., Ltd. (hereinafter referred to as “Yunnan Power Investment”). Based on the consideration of asset assessment report, the Company has made the mutual equivalent replacement for14.34% of equity of WeixinYuntou and51% of equity of LincangYun Investment held by Yunnan Power Investment. After the completion of the equity replacement, the Company has held100% of equity of LincangYuntou, acquired LincangYuntou, and held25.66% of equity of WeixinYuntou.
(2) Consolidation cost and goodwill
|||
|-|-|
|Combination cost|Linchang Company|
|--Fair value of non cash assets|243,252,487.00|
|--Acquisition-date fair value of equity held before the acquisition date|233,713,174.00|
|Total of consolidation cost|476,965,661.00|
|Less: Obtained definable net assets fair proportion|451,928,767.00|
|Goodwill/Balance of total combination costsafter deducting||
||25,036,894.00|
|Share fair value of net identified assets acquired||

Determination method for fair value of the combination cost and contingent consideration andchanges：
Main reason for large goodwillresulted：
Notes：
（3）Identifiable assets and liability on purchasing date under the acquiree
In RMB
||||
|-|-|-|
||Fair value on purchasing date|Book value on purchasing date|
|Assets：|1,161,791,902.00|1,079,843,870.00|
|Monetary fund|52,028,777.00|52,028,777.00|

||||
|-|-|-|
|Account recivable|818,150.00|818,150.00|
|Inventories|0.00|0.00|
|Fixed assets|208,037,730.00|183,708,445.00|
|Intangible assets|68,339,479.97|5,937,213.00|
|Other receivable|21,939.00|21,939.00|
|Construction in progress|832,545,827.00|837,329,347.00|
|Liabilities：|709,863,135.00|703,441,927.00|
|Loan|638,200,000.00|638,200,000.00|
|Account payable|23,205,536.00|23,205,536.00|
|Differed income tax liabilities|25,175,608.00|0.00|
|Employees’ wage payable|656,744.00|656,744.00|
|Tax payable|237,059.00|237,059.00|
|Interest payable|1,234,351.00|1,234,351.00|
|Other account payable|374,237.00|374,237.00|
|Long-term payable|17,470,000.00|17,470,000.00|
|Other current Liabilities|3,309,600.00|22,064,000.00|
|Net assets|451,928,767.00|376,401,943.00|
|Less ：Minority equity instrument|0.00|0.00|
|acquired Net assets|451,928,767.00|376,401,942.81|

 Determination method for fair value of the identifiable assets andliabilities：
Adjusting the measurements of depreciation for plant assets and amortization of intangible assets on the basis of evaluation on base date in the transaction.
Caontingent liability of the acquiree bear duringcombination：
N/A
Notes：
（4）Gains or losses arising from re-measured by fair value for the equity held before purchasing date
Whether it is a business combination realized by Two or more transactions of exchange and a transaction of obtained control right inthe period or not
√ Yes□ No
In RMB
|||||||
|-|-|-|-|-|-|
|||||Determination|Changes in other|
||||Gains/losses on fair|||
||Acquisition-data|Acquisition date fair||method and|comprehensive|
||||value remeasurement|||
||carrying amount of|value of equity hold||significant|income/equity|
|Acquirees|||ofequity held before|||
||equity hold before|before the||assumptions on|related to equity held|
||||the acquisition date|||
||the acquisition date|acquisition date||acquisition-date fair|before the|
|||||value ofequity held|acquisition date|

|||||||
|-|-|-|-|-|-|
|||||before the|transferred to|
|||||Acquisiton date|investment income|
|||||The equity exchange||
|||||was non- monetary||
|||||assets exchange.||
|||||Determining the||
|||||swap-in value of the||
|||||equity with the||
|||||swap-out fair value||
|||||of the equity.||
|||||Confirming the fair||
|Linchang Yuntou||||value of the||
||184,436,952.00|233,713,174.00|49,276,222.00||0.00|
|Yudean||||replacement equity||
|||||according to the||
|||||assessment results||
|||||and determining the||
|||||fair value of the||
|||||original ownership||
|||||of equity with the||
|||||swap-in fair value of||
|||||the equity||
|||||proportionally..||

Notes：
2.Other reasons for consolidation range changes
Reasons sfor changed onconsolidation range (such as new subsidairy established, subsidiary liquidated etc. ) and relevant information The new wholly-owned subsidiary “Guangzhou Yudean Qujie Wind Power Generation Co., Ltd.” has invested the down payment of RMB60 million, with100% of investment ratio.
IX. Equity in other entity
1. Equity in subsidiary
（1）Constitute of enterprise group
||||||||
|-|-|-|-|-|-|-|
|||||Share-holding ratio|||
|Subsidiary|Main operation|Registered place|Business nature|||Acquired way|
|||||Directly|Indirectly||
|Maoming|||Electric||||
||Maoming|Maoming||58.27%||Investment \|
|Zhenneng|||||||
|Jianghai Power|Jieyang|Jieyang|Electric|65.00%||Investment \|

||||||||
|-|-|-|-|-|-|-|
|Zhangjiang Wind|||Electric||||
||Zhanjiang|Zhangjiang||70.00%||Investment \|
|Power|||||||
|Anxin Electric|||||||
||Dongguan|Dongguan|Electric|100.00%||Investment \|
|Power Maintenance|||||||
|Humen Power|Dongguan|Dongguan|Electric|60.00%||Investment \|
|Bohe Electric|||Electric||||
||Maoming|Maoming||100.00%||Investment \|
|Power|||||||
|||||||Combination|
|Yuheng|||||||
||Zhanjiang|Zhanjiang|Electric||76.00%|under common|
|Electronic|||||||
|||||||contro|
|Xuwen Wind|||Electric||||
||Zhangjiang|Zhanjiang|||70.00%|Investment \|
|Power|||||||
|Huadu Natural|||||||
||Guangzhou|Guangzhou|Electric|65.00%||Investment \|
|gas|||||||
||||Electric||||
|Dapu Power|Meizhou|Meizhou||100.00%||Investment \|
|Leizhou Wind|||||||
||Leizhou|Leizhou|Electric|80.00%|14.00%|Investment \|
|Power|||||||
|Dianbai Wind|||Electric||||
||Maoming|Maoming|||100.00%|Investment \|
|Power|||||||
|||||||Combination|
|Zhanjiang Power|Zhangjiang|Zhangjiang|Electric|76.00%||under common|
|||||||contro|
|||||||Combination|
||||Electric||||
|Yuejia Power|Meizhou|Meizhou||58.00%||under common|
|||||||contro|
|||||||Combination|
|Yuejiang Power|Shaoguan|Shaoguan|Electric|90.00%||under common|
|||||||contro|
|||||||Combination|
||||Electric||||
|Zhongyue Energy|Zhangjiang|Zhanjiang||90.00%||under common|
|||||||contro|
|||||||Combination|
|Guangqian|||||||
||Shenzhen|Shenzhen|Electric|100.00%||under common|
|Electric Power|||||||
|||||||contro|
|||||||Combination|
|Huizhou Natural|||||||
||Huizhou|Huizhou|Electric|67.00%||under common|
|gas|||||||
|||||||contro|
|Pinghai Pwer|Huizhou|Huizhou|Electric|45.00%||Combination|

||||||||
|-|-|-|-|-|-|-|
|Plant||||||under common|
|||||||contro|
|||||||Combination|
|Shibeishan Wind|||||||
||Jieyang|Jieyang|Electric||70.00%|under common|
|Power|||||||
|||||||contro|
|||||||Combination|
||||Electric||||
|Red Bay Power|Shanwei|Shanwei||65.00%||under common|
|||||||contro|
|Guangdong Wind||||||Not Under|
||Guangzhou|Guangzhou|Electric|100.00%|||
|Power||||||common control|
|Huilai Wind|||Electric|||Not Under|
||Jieyang|Jieyang|||70.00%||
|Power||||||common control|
|Hongrui|||Electric||||
||Shaoguan|Shaoguan|||90.00%|Investment \|
|Technology|||||||
|Linchang||||||Not Under|
||Linchang|Linchang|Electric|100.00%|||
|YuntouYudean||||||common control|

 Explanation on share-holding ratio in subsidiary different from ratio of votingright：
The voting rights proportion of the Company over its subsidiary: Zhanjiang Wind Power, Xuwen Wind Power, Leizhou Wind Power, Yuejia Electric and Shibeishan are determined based on relevant rules of thesesubsidiaries’ articles of association.As such, theCompany’s voting proportion and shareholding percentage are not consistent. According to the agreement between Yudean and Huaxia Electric, which holds40% share interest in Pinghai Power, the delegated shareholder and director from Huaxia Electric maintain consensus with those of Yudean when exercising their voting rights during shareholder and board meeting; while after Yudean transferred its45% shareholding of Pinghai Power to the Company, the delegated shareholder and director from Huaxia Electric also maintain consensus with those of the Company when exercising their voting rights during shareholder and board meeting. On account of the above facts, with the control power of Pinghai Power, Huaxia Electric enjoys variable returns through involving in its relevant activities and has the ability to make use of its power to influence the amount of returns. Therefore, the Company owns the control power over Pinghai Power.
Basis for controlling the invested entity with half or below voting rights held and without controlling invested entity but with over half and over votingrights：
According to the agreement between Yudean and Huaxia Electric, which holds40% share interest in Pinghai Power, the delegated shareholder and director from Huaxia Electric maintain consensus with those of Yudean when exercising their voting rights during shareholder and board meeting; while after Yudean transferred its45% shareholding of Pinghai Power to the Company, the delegated shareholder and director from Huaxia Electric also maintain consensus with those of the Company when exercising their voting rights during shareholder and board meeting. On account of the above facts, with the control power of Pinghai Power, Huaxia Electric enjoys variable returns through involving in its relevant activities and has the ability to make use of its power to influence the Controlling basis for the structuring entity included in consolidatedrange：
Basis on determinning to be a agent orconsignor：
Notes：
（2）Significant not wholly-owned subsidiaries
In RMB
||||||
|-|-|-|-|-|
|||Profit or loss attributable|||
||Holding proportion of||Dividend declared to|Closing balance of|
|Name||to non-controlling|||
||non-controlling interest||non-controlling interest|non-controlling interest|
|||interest|||
|Jinghai Power|35.00%|146,344,149.00|326,152,880.00|1,276,414,669.00|
|Zhanjiang Power|24.00%|60,207,312.00|48,928,538.00|986,877,910.00|
|Zhongyue Energy|10.00%|9,397,619.00|5,817,296.00|155,633,266.00|
|Pinghai Power plant|55.00%|305,218,424.00|237,005,516.00|1,235,612,005.00|
|Red Bay|35.00%|98,945,128.00|231,651,012.00|1,149,939,697.00|

Notes：
（3）Main financial information of significant not wholly-owned subsidiaries
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance||||||Beginning balance||||||
||||||Non-curr||||||Non-curr||
|Subsidia||Non-curr||||||Non-curr|||||
||Current||Total|Current|ent|Total|Current||Total|Current|ent|Total|
|ries||ent||||||ent|||||
||assets||assets|liabilities|Liabilitie|liabilities|assets||assets|liabilities|Liabilitie|liabilities|
|||assets||||||assets|||||
||||||s||||||s||
|||10,008,0|11,426,6|||||10,381,7|11,943,3||||
|Jinghai|1,418,54|||2,569,64|5,210,08|7,779,72|1,561,65|||2,104,50|5,678,23|7,782,74|
|||80,574.0|26,979.0|||||18,869.0|78,397.0||||
|Power|6,405.00|||3,117.00|4,809.00|7,926.00|9,528.00|||5,777.00|4,335.00|0,112.00|
|||0|0|||||0|0||||
|Zhanjian|2,687,79|1,907,32|4,595,11|478,904,|4,222,93|483,127,|2,533,61|1,992,21|4,525,82|456,081,|4,747,28|460,828,|
|g Power|3,828.00|4,631.00|8,458.00|229.00|8.00|166.00|0,385.00|4,977.00|5,362.00|675.00|9.00|964.00|
|Zhongyu|||||||||||||
||720,623,|4,726,96|5,447,58|1,634,80|2,256,44|3,891,25|631,073,|4,882,25|5,513,32|1,736,16|2,256,63|3,992,79|
|e|||||||||||||
||809.00|5,543.00|9,352.00|8,066.00|8,627.00|6,693.00|543.00|5,394.00|8,937.00|2,188.00|7,324.00|9,512.00|
|Engerty|||||||||||||
|Pinghai|||||||||||||
||2,659,99|5,774,79|8,434,79|1,146,33|5,041,89|6,188,22|2,198,92|5,959,68|8,158,61|994,172,|5,041,89|6,036,06|
|Power|||||||||||||
||6,377.00|8,059.00|4,435.00|0,154.00|7,000.00|7,154.00|4,204.00|9,376.00|3,580.00|766.00|7,000.00|9,766.00|
|Plant|||||||||||||
||1,085,46|7,851,11|8,936,57|1,992,43|3,658,60|5,651,03|1,463,84|8,201,08|9,664,92|1,311,62|4,688,60|6,000,22|
|Red Bay|||||||||||||
||7,090.00|1,620.00|8,710.00|6,719.00|0,000.00|6,719.00|0,846.00|6,069.00|6,915.00|5,258.00|0,000.00|5,258.00|

 In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||Current term||||Last term||||
||Operatingrevenue|||Cash flow|||Totalcomprehensi|Cash flow|
|Subsidiaries|||Total||Operating||||
|||Net profit||from||Net profit||from|
||||comprehensi||revenue||||
|||||operating||||operating|

||||||||||
|-|-|-|-|-|-|-|-|-|
||||ve income|activities|||ve income|activities|
|Jinghai|2,488,474,64|418,126,140.|418,126,140.|1,315,885,09|6,075,568,20|1,035,405,97|1,035,405,97|2,509,070,67|
|Power|0.00|00|00|6.00|6.00|0.00|0.00|0.00|
|Zhanjiang|1,142,689,72|250,863,802.|250,863,802.|441,395,633.|2,303,196,12|394,203,054.|394,203,054.|587,581,392.|
|Power|3.00|00|00|00|8.00|00|00|00|
|Zhongyue|1,079,612,18|93,976,191.0|93,976,191.0|711,561,187.|2,083,466,97|64,636,619.0|64,636,619.0|137,731,751.|
|Energy|6.00|0|0|00|0.00|0|0|00|
|Pinghai|2,006,214,92|554,942,588.|554,942,588.|755,716,923.|3,837,401,38|907,871,678.|907,871,678.|1,224,362,65|
|Power plant|6.00|00|00|00|5.00|00|00|1.00|
||1,971,436,14|282,700,367.|282,700,367.|1,380,294,20|4,722,896,25|735,400,037.|735,400,037.|1,977,432,45|
|Red Bay|||||||||
||6.00|00|00|4.00|0.00|00|00|6.00|

Notes：
II. Equity in joint venture or associates
（1）Significant joint ventures or associates
||||||||
|-|-|-|-|-|-|-|
|Joint ventures or|Main operating|Plance of||Holding proportion(%)||Accounting|
||||Business nature||||
|associates|plance|registration||Direct|Indirect|treatment|
|Industry Fuel|Guangzhou|Guangzhou|Fuel Trade|50.00%||Equity method|
|Taishan Power|Taishan|Taishan|Power Generation|20.00%||Equity method|
|Shanxi Yudean|||||||
||Taiyuan|Taiyuan|Coal|40.00%||Equity method|
|Energy|||||||
|Yudean Finance|Guangzhou|Guangzhou|Finance|25.00%||Equity method|
|Yudean Shipping|Shenzhen|Shenzhen|Shipping|35.00%||Equity method|
|Weixin Yuntou|Zhaotong|Zhaotong|Power Generation|22.56%||Equity method|

 Notes:
The description of Joint ventures or associates is different from the proportion of voting rights of the shares :Holds20% less of the v oting rights but has significant influence, or holds20% or more of the voting rights but does not have a significant impact on the basi s of:
（2）Main financial information of significant joint ventures
In RMB
||||
|-|-|-|
||Closing balance/current period|Opening balance/last period|
||Industry fuel||
|Current assets|2,955,000,962.00|4,079,683,355.00|
|Including：Cash and cash equivalent|1,495,808,553.00|2,745,465,152.00|

||||
|-|-|-|
|Non-current assets|72,646,091.00|73,526,306.00|
|Total assets|3,027,647,053.00|4,153,209,661.00|
|Current liabilities|2,093,855,441.00|3,156,796,026.00|
|Non-current liabilities|218,959.00|218,959.00|
|Total liabilities|2,094,074,400.00|3,157,014,985.00|
|Minority shareholders’ equity|0.00|0.00|
|Equityattributable to owners of parent|||
||933,572,652.00|996,194,676.00|
|company|||
|Proportionate share in net assets|466,786,326.22|498,097,338.08|
|--Other|99,714,038.00|99,714,038.00|
|Book value of investment in joint ventures|566,500,364.00|597,811,376.00|
|Business income|7,512,806,685.00|10,322,975,071.00|
|Financial expenses|-21,173,157.00|-10,294,605.00|
|Income tax expenses|28,974,161.00|28,724,380.00|
|Net profit|86,922,482.00|86,173,141.00|
|Other comprehensive income|0.00|0.00|
|Total comprehensive income|86,922,482.00|86,173,141.00|
|Dividend from joint ventures received|||
||74,772,253.00|66,524,888.00|
|incurrent period|||

Notes
（3）Main financial information of significant associates
In RMB
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Closing balance/current period||||Opening balance /Last period|||||
||Yudean|Yudean|Shanxi|Taishan|Yudean|Yudean|Shanxi|Taishan|Weixin|
||Shipping|Finance|Energy|Power|Shipping|Finance|Energy|Power|Yuntou|
|Current|600,503,1|3,980,618|221,942,5|2,149,424|614,192,4|5,296,047|88,116,75|1,869,119|814,365,5|
|assets|00.00|,266.00|83.00|,642.00|03.00|,633.00|1.00|,309.00|73.00|
|Non-curre|5,236,819|10,498,43|2,377,288|12,080,97|5,418,402|11,111,72|2,421,256|12,331,46|7,823,443|
|nt assets|,725.00|6,404.00|,205.00|6,792.00|,047.00|0,508.00|,448.00|9,273.00|,918.00|
|Total|5,837,322|14,479,05|2,599,230|14,230,40|6,032,594|16,407,76|2,509,373|14,200,58|8,637,809|
|assets|,825.00|4,670.00|,788.00|1,433.00|,450.00|8,141.00|,199.00|8,582.00|,491.00|
|Current|1,499,161|11,974,55|181,566,5|4,556,722|1,626,343|13,868,87|22,937,71|5,559,062|848,995,6|
|liabilities|,193.00|2,656.00|86.00|,949.00|,355.00|9,408.00|9.00|,528.00|94.00|
|Non-curre|1,671,437||160,000,0|480,000,0|1,704,343||313,200,0|500,000,0|6,362,471|
|||0.00||||0.00||||
|nt|,464.00||00.00|00.00|,619.00||00.00|00.00|,717.00|

|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Liabilities||||||||||
|Total|3,170,598|11,974,55|341,566,5|5,036,722|3,330,686|13,868,87|336,137,7|6,059,062|7,211,467|
|liabilities|,657.00|2,656.00|86.00|,949.00|,974.00|9,408.00|19.00|,528.00|,411.00|
|Minoritys||||||||||
|harehold||||||||||
||0.00|0.00|0.00||0.00|0.00|0.00|||
|er’||||||||||
|Equity||||||||||
|Equity||||||||||
|attributabl||||||||||
|e to|2,666,724|2,504,502|2,257,664|9,193,678|2,701,918|2,538,888|2,173,235|8,141,526|1,426,342|
|owners of|,169.00|,014.00|,202.00|,485.00|,423.00|,733.00|,480.00|,054.00|,080.00|
|parent||||||||||
|company||||||||||
|Proportio||||||||||
|nate share|933,353,4|626,125,5|903,065,6|1,838,735|945,671,4|634,722,1|869,294,1|1,628,305|570,536,8|
|in net|59.00|05.00|81.00|,697.00|48.00|84.00|92.00|,209.00|32.00|
|assets||||||||||
|Adjustme||13,325,00||||13,325,00||||
|nt||0.00||||0.00||||
|||||563,174,4||||580,383,0|46,689,04|
|--Other|-45.00||||-85.00|||||
|||||36.00||||80.00|0.00|
|Book||||||||||
|value of||||||||||
||933,353,4|639,450,5|903,065,6|2,401,910|945,671,3|648,047,1|869,294,1|2,208,688|617,225,8|
|investmen||||||||||
||14.00|05.00|81.00|,133.00|63.00|85.00|93.00|,289.00|72.00|
|t in||||||||||
|associates||||||||||
|Business|735,866,0|359,207,4||4,144,646|869,651,0|344,483,7||4,963,080|590,520,1|
||||0.00||||0.00|||
|income|04.00|95.00||,754.00|61.00|79.00||,620.00|15.00|
||10,049,57|195,755,1|84,428,72|1,052,152|15,794,48|190,032,3|102,968,4|1,212,928|-38,930,0|
|Net profit||||||||||
||5.00|31.00|1.00|,430.00|6.00|93.00|23.00|,883.00|82.00|
|Other||||||||||
|comprehe||||||||||
||0.00|0.00|0.00||0.00|0.00|0.00|||
|nsive||||||||||
|income||||||||||
|Total||||||||||
|comprehe|10,049,57|195,755,1|84,428,72|1,052,152|15,794,48|190,032,3|102,968,4|1,212,928|-38,930,0|
|nsive|5.00|31.00|1.00|,430.00|6.00|93.00|23.00|,883.00|82.00|
|income||||||||||
|Dividendf||||||||||
||15,835,30|57,535,46|||8,977,900|53,750,72||||
|rom||||||||||
||0.00|2.00|||.00|2.00||||
|associate||||||||||

||
|-|
|s|
|received|
|in|
|current|
|period|

Notes
（4）Aggregated financial information of insignificant jiont ventures and associates
In RMB
||||
|-|-|-|
||Closing balance/Current period|Opening balance/Last period|
|Joint ventures：|--|--|
|Total book value of investment|531,191,385.00|717,971,368.00|
|Proportionate share in the following|--|--|
|Associates ：|--|--|
|Proportionate share in the following|--|--|
|--Net profit|-2,343,031.00|5,057,259.00|
|--Other Comprehensive income|0.00||
|--Total comprehensive income|-2,343,031.00|5,057,259.00|

 Notes
X.Risk related to financial nstruments
The Group has exposure to the following risks from its use of financial instruments in
the normal course of theGroup‘s operations, which mainly include: Credit risk, Liquidity risk, Interest rate risk and Foreign exchange risk.This note presents information about theGroup’s exposure to each of the above risks
and their sources and changes during the year, theGroup’s objectives, policies and processes for measuring and managing risks and their changes during the year. The Group aims to seek the appropriate balance between the risks and benefits from its use of financial instruments and to mitigate the adverse effects that the risks of financial
instruments have on theGroup‘s financial performance. Based on such objectives, theGroup‘s risk management policies are established to identify and analyse the risks faced by the Group, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and theGroup‘s activities.
(1) Credit risk
Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. TheGroup’s credit risk is primarily attributable to cash at bank and receivables. Exposure to these credit risks are monitored by management on an ongoing basis.
The cash at bank of the Group is mainly held with well-known financial institutions in China, which have no any default records of
paying deposits and interests. Management does not foresee any significant credit risks from these deposits and does not expect that
these financial institutions may default and cause losses to the Group. Accounts receivable of the Group are mainly electricity payment
due from GPGC, entrusted loans due from related parties. Management continues to perform credit assessment on thedebtors’ financial
position, but usually does not require collaterals for outstanding debts. In view of the liquidity of outstanding amounts, management had provision for corresponding bad debts and the actual losses on bad debts were within their expectation. Based on the past record of debtors and the positive recovery of accounts receivable, management thinks the Group has no significant credit risk over accounts receivable.
As at 31 June 2015 and 31 December 2013, the debtors that are past due but not impaired based on individual or collective assessment are not significant.
(2) Liquidity risk
Liquidity risk is the risk that an enterprise will encounter difficulty in meeting obligations associated with financial liabilities. theGroup’s current liabilities was more than its current assets of RMB 3.5 billion, implying the Group is exposed to certain liquidity risks. Management ensures the liquidity risk is within a controllable range with the following measures:
(a) Use the existing financing credit to repay theGroup’s liabilities and fulfil the
requirement of theGroup’s capital expenditure;
(b) Expedite the approval procedure of relevant documents to secure credit line subject to the approval of the construction of new units; (c) Obtain stable cash inflow from operating activities;
(d) Closely monitor and control the payment amount and time required for the construction of new power station and the purchase of new generators.
The following tables show the remaining contractual maturities at the balance sheet date
of theGroup’s financial liabilities, which are based on contractual cash flows (including
interest payments computed using contractual rates or, if floating, based on rates current
on 31 December) and the earliest date the Group can be required to pay:
(3) Interest rate risk
The Group has no other significant interest-bearing assets except for cash at banks and entrusted loans. The Group earns interest income from cash at banks at floating rates published by the banks from time to time. Any change in the interest rate published by the banks is not considered to have significant impact to the Group.
TheGroup’s interest rate risk mainly arises from long-term interest-bearing borrowings, including long-term bank borrowings, corporate bonds issued and finance lease payable.Interest-bearing financial instruments at fixed rates and variable rates expose the Group to fair value interest rate risk and cash flow interest risk, respectively. The Group determines the appropriate weightings of the fixed and floating rate interest-bearing instruments based on the current market conditions and performs regular reviews and monitoring to achieve an appropriate mix of fixed and floating rate exposure. The Group does not enter into financial derivatives to hedge interest rate risk.
(4) Foreign exchange risk
Exchange risks that the Group is exposed to are generally related to USD, EUR and HKD. The Group settles all major business transactions in RMB except for capital contribution from foreign investors, income from certified emission reduction, long-term loans and dividends to foreign investors. RMB is still not able to exchange
into other currencies because of the restrictions announced by the Chinese government on RMB exchange rate and foreign currency control. Therefore, all monetary assets and liabilities denominated in foreign currencies are exposed to any fluctuation in exchange rates.
XI. Disclosure of fair value
1. Ending fair value of the assets and liabiliies measured by fair value
In RMB
|||
|-|-|
|Items|Ending fair value|

||||||
|-|-|-|-|-|
||First-order|Second-order|Third-order|Total|
|1. Sustaining measured by fair|||||
||--|--|--|--|
|value|||||
|（1）Available-for –sale|||||
||711,487,823.00|||711,487,823.00|
|financial assets|||||
|（2）Investment interest tools|711,487,823.00|||711,487,823.00|
|II. Non –persistent measure|--|--|--|--|

 2.Recognized basis for the market price sustaining and non-persistent measured by fair value oon first-order
For the available-for-sale financial assets in an active market, their fair values are measured at the quoted price at balance sheet date. 3. Valuation technique and qualitative and quantitative information on major parameters for the fair value measure sustaining and non-persistent on second-order
Except for available-for-sale financial assets that measured at historical cost not being able to gain fair value, the carrying amounts of financial assets and financial liabilities not measured at fair value are not materially different from their fair values.
XII.Related parties and related-party transactions
1. Parent company information of the enterprise
|||||||
|-|-|-|-|-|-|
||||||Vote right ratio of|
|||||Share ratio of parent||
|Parent company|Registration||Registered||parent company|
|||Nature||company against the||
|name|place||capital||against the|
|||||company(%)||
||||||company(%)|
|||Power plant||||
|Guangdong Yudean||operating,electricity assets|21,500,000,00|||
||Guangzhou|||67.39%|67.39%|
|Group||management, electricity|0|||
|||generation||||

Explanation on parent company of the enterprise
Ultimate controller os the Company is Guangdong ProvincialPeople’s Govemment state owned assets supervision and
Administration Commission.
Notes：
2.Subsidiary of the Enterprise
See to Notes XVI.3.
3.Cooperative enterprise and joint venture
See Notes IX.2.
Other cooperative enterprise and joint venture that have related transaction with the Company in the Period or occurred in pervious
period：
|||
|-|-|
|Name|Relationship|
|Industry Fuel|Joint venture|
|Taishan Electric|Associate|
|Weixin Yuntou Yudean Zhaxi|Associate|
|Shanxi Yudean Energy|Associate|
|Guangdong Yudean Shipping|Associate|
|Yunnan Baoshan Binlangjiang|Associate|
|Yudean West Investment|Associate|
|Guangdong Yudean Finance|Associate|
|Huaneng Shantou Wind Power|Associate|
|Yangshan Jiangkeng Hydropower station|Associate|
|Yangshan Zhongxinkeng Power|Associate|

Notes
4.Other related party
|||
|-|-|
|Other related party|Relationship with the Enterprisse|
|Chaokang Investment|Controlled by Yudean|
|Guangdong Guanghe Power|Controlled by Yudean|
|Industry Fuel|Controlled by Yudean|
|Power Development|Controlled by Yudean|
|Yuelongfa Power|Controlled by Yudean|
|Guangdong Yangjiang Port|Controlled by Yudean|
|Yudean Finance|Controlled by Yudean|
|Yudean Shipping|Controlled by Yudean|
|Yudean Environmental protection|Controlled by Yudean|
|Yudean Property|Controlled by Yudean|
|Yudean Xinfengjiang|Controlled by Yudean|
|Yudean Informtion Technology|Controlled by Yudean|
|Yudean Zhangjiang Biology|Controlled by Yudean|
|Yuean Zhongshan Thermoelectricity|Controlled by Yudean|
|Yuehua Power|Controlled by Yudean|
|Yueyang Power|Controlled by Yudean|
|Zhuhai Jinwan Power|Controlled by Yudean|
|Guangzhou Huangpu Power|Controlled by Yudean|

|||
|-|-|
|Guangzhou Huangpu Yuehua Power|Controlled by Yudean|
|Maoming Thermoelectricity|Controlled by Yudean|
|Shaoguan Power|Controlled by Yudean|
|Shaoguan No.9 Power|Controlled by Yudean|
|Shenzhen Tianxin Insurance|Controlled by Yudean|
|Yunfo Jinhui Power|Controlled by Yudean|
|Zhuhai Hengda Energy|Controlled by Yudean|
|Zhuhai Guangzhu Power|Controlled by Yudean|

Notes
5. Related Transactions
（1）Goods purchasing, labor service providing and receiving
Goods purchasing/labor service receiving
In RMB
|||||||
|-|-|-|-|-|-|
||||Approval trading|Whether over the||
|Related party|Content|Current amount|||Last amount|
||||limit|trading limit(Y/N)||
|Fuel Company|Fuel purchase|4,252,984,217.00||No|5,960,402,388.00|
||Material|||||
|Yudean Environment Protection||51,944,371.00||No|47,930,909.00|
||purchase|||||
||Acceptance of|||||
|Yudean Shipping||13,434,906.00||No|10,951,887.00|
||tugboat services|||||
||Acceptance of|||||
|Yudean Property Management|management|11,342,256.00||No|10,037,716.00|
||services|||||
|Guangzhou HuangpuYueha|Outsource|||||
|||8,867,503.00||No|12,072,933.00|
|Power Generation|service|||||
||Acceptance of|||||
|Yangjiang Port||4,114,969.00||No||
||tugboat services|||||
|Yudean Property|Leasing service|3,055,092.00||No|3,055,092.00|
||Acceptance of|||||
|Yudean Information|management|1,236,373.00||No|665,174.00|
||services|||||
||Human|||||
|Huangpu Yuehua||1,016,667.00||No|1,525,000.00|
||receivaces|||||
||Purchase|||||
|Hengda Energy||479,044.00||No|744,952.00|
||equipment|||||
|Chaokang Investment|Consultion|228,101.00||No|0.00|

||||||
|-|-|-|-|-|
||Purchase||||
|Yudean Environmental|||||
||Carbenium|104,160.00|No|0.00|
|protection|||||
||assets||||

Sales of goods and services
In RMB
|||||
|-|-|-|-|
||||Occurred in previous|
|Related parties|Content|Occurred current term||
||||term|
|Yudean Environment Protection|Sale of Material|47,618,619.00|32,969,689.00|
|Shajiao C|Providing maintenance services|14,094,728.00|10,122,222.00|
|Zhuhai Jinwan Power Generation Co., Ltd.|Providing maintenance services|2,115,483.00|2,057,974.00|
|Yudean Group|Service|205,500.00|0.00|

 Notes
（2）Related leasing
The Company is the lender
In RMB
|||||
|-|-|-|-|
||||Rental recognized in the last|
|Name of the owner|Category of asset for rent|Rental recognized in the period||
||||period|
|Yudean Property|Property Leasing|2,655,732.00|2,655,732.00|

（3）Status of related party guarantee
As a guarantor for the company
In RMB
||||||
|-|-|-|-|-|
|||||Execution accomplished|
|Guarantor|Guarantee amount|Start date|End date||
|||||or not|
|Linchang Yuntou|13,720,000.00|January 20,2007|December 25, 2020|No|
|Linchang Yuntou|5,488,000.00|July 29, 2008|July 29, 2020|No|
|Weixin Yuntou|268,520,000.00|April 19, 2013|April 18, 2030|No|
|Binlangjiang|71,996,700.00|June 29, 2010|July 15, 2020|No|
|Binlangjiang|12,470,000.00|March 16, 2006|March 13, 2020|No|
|Binlangjiang|113,000,000.00|April 2, 2008|June 5, 2028|No|
|Binlangjiang|43,000,000.00|October 31, 2008|October 31, 2025|No|
|Binlangjiang|18,270,000.00|December 19, 2007|December 18, 2024|No|
|Binlangjiang|31,900,000.00|August 31, 2005|August 30,2022|No|
|Binlangjiang|76,270,000.00|August 25, 2009|August 24, 2029|No|

||||||
|-|-|-|-|-|
|Binlangjiang|24,940,000.00|November 14, 2008|November 14, 2020|No|
|Binlangjiang|43,500,000.00|May 27, 2009|May 27, 2023|No|
|Binlangjiang|2,610,000.00|June 30,2005|June 30,2017|No|
|Yuejiang Power|90,000,000.00|July 3, 2014|July 2, 2021|No|
|Yuejiang Power|81,000,000.00|July 3, 2014|July 2, 2021|No|
|Yuejiang Power|51,613,400.00|July 28, 2011|July 20,2018|No|
|Yuejiang Power|49,205,700.00|December 6, 2012|December 6, 2017|No|
|Zhanjiang Wind Power|127,162,900.00|March 3, 2011|March 2, 2029|No|

As a secured party for The company
In RMB
||||||
|-|-|-|-|-|
|||||Execution accomplished|
|Guarantor|Guarantee amount|Start date|End date||
|||||or not|
|Yudean Group|1,500,000,000.00|August 14, 2013|August 13, 2022|No|

Statement on related guarantees
（4）Related party funds
In RMB
||||||
|-|-|-|-|-|
|Related parties|Amount of demolition|Start date|Expired on|Remarks|
|Borrow in|||||
|Guangdong Yudean|||||
||150,000,000.00|February 26, 2015|August 25, 2015||
|Finance Co., Ltd.|||||
|Guangdong Yudean|||||
||100,000,000.00|March 25, 2015|September 24, 2015||
|Finance Co., Ltd.|||||
|Guangdong Yudean|||||
||50,000,000.00|June 1, 2015|November 30,2015||
|Finance Co., Ltd.|||||
|Guangdong Yudean|||||
||100,000,000.00|June 9, 2015|December 8, 2015||
|Finance Co., Ltd.|||||
|Guangdong Yudean|||||
||100,000,000.00|June 25, 2015|December 24, 2015||
|Finance Co., Ltd.|||||
|Guangdong Yudean|||||
||150,000,000.00|October 16, 2014|October 13, 2029||
|Finance Co., Ltd.|||||
|Guangdong Yudean|||||
||100,000,000.00|October 30,2014|October 13, 2029||
|Finance Co., Ltd.|||||
|Guangdong Yudean|||||
||30,000,000.00|February 1, 2015|February 10,2032||
|Finance Co., Ltd.|||||
|Guangdong Yudean|||||
||7,000,000.00|June 9, 2015|June 8, 2032||
|Finance Co., Ltd.|||||

|||||
|-|-|-|-|
|Guangdong Yudean||||
||50,000,000.00|May 25, 2015|May 24, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||50,000,000.00|January 21, 2015|July 20,2015|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||100,000,000.00|July 29, 2014|July 28, 2015|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||80,000,000.00|August 8, 2014|August 7, 2015|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||100,000,000.00|March 30,2015|March 29, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||200,000,000.00|April 8, 2015|April 7, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||100,000,000.00|June 24, 2015|June 23, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||79,400,000.00|March 11, 2013|March 10,2031|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||35,000,000.00|April 21, 2015|October 20,2015|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||30,000,000.00|May 11, 2015|May 10,2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||10,000,000.00|May 19, 2015|May 18, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||60,000,000.00|August 26, 2014|August 25, 2015|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||270,000,000.00|November 12, 2014|October 27, 2029|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||30,000,000.00|June 9, 2015|June 8, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||20,000,000.00|February 13, 2015|February 12, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||300,000,000.00|February 10,2015|February 9, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||200,000,000.00|February 11, 2015|February 10,2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||150,000,000.00|April 20, 2015|April 19, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||653,300,627.00|December 6, 2007|December 21, 2028|
|Finance Co., Ltd.||||

|||||
|-|-|-|-|
|Guangdong Yudean||||
||600,000,000.00|June 18, 2015|December 17, 2015|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||1,200,000,000.00|May 20,2014|May 19, 2017|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||500,000,000.00|September 9, 2014|September 8, 2015|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||52,000,000.00|August 21, 2012|August 21, 2022|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||300,000,000.00|June 17, 2015|June 17, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||120,000,000.00|June 26, 2015|June 26, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||100,000,000.00|June 29, 2015|June 29, 2016|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||194,444,444.44|December 19, 2012|December 19, 2017|
|Finance Co., Ltd.||||
|Guangdong Yudean||||
||300,000,000.00|January 15, 2013|January 15, 2028|
|Finance Co., Ltd.||||
|Lend out||||

（5）Rewards for key management personnel
In RMB
||||
|-|-|-|
||Amount of current period|Amount of previous period|
|Items|||
|Annual salary|3,175,561.00|3,396,530.00|

（6）Other related transactions
6. Payables and receivables of the related party
（1）Receivables
In RMB
|||||||
|-|-|-|-|-|-|
|||Amount at year end||Amount at year begiing||
|Name|Related party|||||
|||Balance of Book|Bad debt provision|Balance of Book|Bad debt provision|
||Guangdong Yudean|||||
|Monetary fund||4,561,493,165.00||3,061,921,598.00||
||Finance Co., Ltd.|||||
||Guangdong Yudean|||||
|Account receivable||2,622,773.00||18,072,681.00||
||Group Co., Ltd.|||||

|||||
|-|-|-|-|
||Shajiao C|||
||Guangdong Yudean|||
|Account receivable|Group Co.,|1,480,000.00|2,590,000.00|
||Ltd.Zhuhai Power|||
||Guangdong Yudean|||
|Account receivable|Zhanjiang Bioligy|3,153,754.08|3,818,754.00|
||Power|||
||Guangdong|||
|Account receivable|ZhuhaiJinwan|1,895,846.14||
||Power|||
||Guangdong Yudean|||
|Other receivable|Environmental|17,270,955.54|76,349,187.00|
||protection|||
||Linchang Yuntou|||
|Other receivable||0.00|50,000,000.00|
||Yudean|||
||Guangdong|||
|Other receivable|YudeanGroup.|2,061,019.18|517,252.00|
||Shajiao C|||
||Guangdong Yudean|||
|Other receivable|Property|885,244.00|885,244.00|
||Investment|||
||Guangdong Yudean|||
|Other receivable||289,360.00|289,360.00|
||Property|||
||Chaokang|||
|Other receivable||220,434.36|220,434.00|
||Investment|||
|Other receivable|Shaoguan Power|5,370.69||
||Guangdong Yudean|||
|Interest receivable||8,420,779.30|5,447,764.00|
||Finance|||
||Linchang Yuntou|||
|Interest receivable||0.00|23,333.00|
||Yudean|||
||Guangdong Fuel|||
|Prepayment||1,040,985,026.05|1,373,757,103.00|
||Compan|||

（2）Payables
In RMB
|||||
|-|-|-|-|
|Name|Related party|Amount at year end|Amount at year beginning|
|Account payable|Guangdong Fuel Company|818,650,992.84|1,275,148,310.00|
|Account payable|Manming Thermal power|101,009,781.90|94,009,782.00|

|||||
|-|-|-|-|
||Guangdong Yudean|||
|Account payable||22,655,652.55|46,176,613.00|
||Environmental Protection|||
||Guangdong Yudean|||
|Account payable||166,700.00|163,700.00|
||InformationTechnology|||
||Guangdong Yudean|||
|Account payable||75,000.00||
||Xinfengjiang|||
|Account payable|Zhuhai Hengda Energy|441,996.00|390,618.00|
|Account payable|Shaoguan Power|3,544,826.00|3,544,826.00|
|Other payable|Maoming Thermal power||12,000,000.00|
|Other payable|Shaoguan Power|25,870,370.31|25,366,557.00|
||Guangdong Yudean|||
|Other payable||1,084,284.30||
||Environmental Protection|||
|Other payable|Guangzhou Huangpu Power|5,393,856.18|14,250,499.00|
|Other payable|Guangdong Yudean Shipping|4,895,000.00|20,000.00|
|Other payable|Guangdong Yudean Property|5,132,592.80|1,955,783.00|
||Guangdong Yudean|||
|Other payable||75,000.00|75,000.00|
||Xinfengjiang|||
||Guangzhou Huangpu Yuehua|||
|Other payable||991,250.00|1,728,333.00|
||Power|||
||Guangdong Yudean Information|||
|Other payable||13,000.00|21,000.00|
||Technology|||
||Shenzhen Tianxin Insurance|||
|Other payable||70,000.00|70,000.00|
||Broker|||
|Other payable|Guangdong Yuehua Power|226,666.67|226,667.00|
|Other payable|Guangdong Yueyang Power|18,000,000.00|18,000,000.00|
||Guangdong Yudean Finance|||
|Interest payable||8,543,886.26|10,483,449.00|
||Co., Ltd.|||
||Guangdong Yudean Finance|||
|Bill payable||150,000,000.00|100,000,000.00|
||Co., Ltd.|||
||Guangdong Power industry|||
|Bill payable|||70,000,000.00|
||Fuel|||
||Guangdong Yudean Finance|||
|Short-term loan||4,835,000,000.00|4,149,000,000.00|
||Co., Ltd.|||
|Non-current liability due in 1|Guangdong Yudean Finance|||
||||76,500,000.00|
|year|Co., Ltd.|||
||Guangdong Yudean Finance|||
|Long-term loan||1,836,145,071.44|1,963,900,000.00|
||Co., Ltd.|||

7.Related Commitment
8.Other
(a) Allocation of common expenses
TheCompany’s branches shajiao A and Shajiao C Agreed to share common expenses based on their agreed allocation basis. As at 30 June 2015, the common expenses received by the Group form Shajiao C was RMB 1,543,787.
(b) Interest income
June 30, 2015 June 30, 2014
Deposit income paid form Yudean Finance 26,818,606 24,101,568
Weixin Yuntou 607,511
Total 26,818,606 24,709,079
Percentage of interest income 80.21% 84.24%
(c)Interest expense
June 30, 2015 June 30, 2014
Loan interest paid to Yudean Finance 152,203,390 17,129,771
Total 152,203,390 17,129,771
Percentage of interest expenses 18.03% 18.63%
(d) Joint investment
As at 30 June 2015, the Group invests in the following subsidiaries, jiont ventures and associates with Yudean:
Percentage of equity
Attributable to Yudean
Yudean Finance 65%
Industry Fuel 50%
Shanxi Yudean Energy 60%
West investment 35%
Yudean Shipping 45%
XIII.Commitment events and subsequent events
1.Importance commitment events
Important commitments of existence of balance sheet date
1.Foreign investment commitments
a.On April 27, 2015, thecompany‘s 6th meeting of the Eight board meeting passed “Proposal on Establishing Guangdong Yangjiang Offshore Wind Power Co., Ltd.”, agreeing thecompany’s wholly-owned subsidiary Guangdong Province Wind Power Co., Ltd.(hereinafter referred to as “Province Wind Power”) to wholly establish“Guangdong Yangjiang Sea Wind Power Co., Ltd.”(the final company name will be subject to the name registered in Industrial and Commercial Administration) in Yangjiang city, which would be as the main body of investing and constructing sea wind power projects for Guangdong Yudean Yangjiang Offshore Wind Power Co., Ltd.. The first-phase registered capital of the new company is tentatively fixed at 55 million RMB. The company increases 55 million RMB of new capital to Province Wind Power to establish“Guangdong Yudean Yangjiang Sea Wind Power Co., Ltd.”with capital injection. By June 30,2015, the company had finished increasing RMB 55 million RMB of new capital to Province Wind Power.
b.The Board passed adopted the Proposal on Capital Increment for Guangdong Yudean Huadu Natural Gas Thermal power Co., Ltd.For the smooth progress of Huadu Natural Gas Thermal power project, the Board of Directors approves the company to increase the capital of RMB19.5 million for Guangdong Yudean Huadu Natural Gas Thermal power Co., Ltd.as per65% of shareholding, in order to carry out the preparatory work of the project, the field engineering of plant and the equipment purchase.As at 30 June 2015, has not performed the payment of capital injection yet.
2.Investment commitement
a.The Seventh Session of the Board passed the resolution of “Capital Increase in Guangdong Shaoguan Yuejiang Electric Power Co.Ltd” during its 18th meeting on 3 March 2014, pursuant to which the Company agreed to inject RMB63,000,000 in cash to Yuejiang Electric on its90% shareholding proportion to ensure smooth
implementation of manufacturing and operation. As at 30 June 2015, the Company has not performed the payment of capital injection yet.
b.The Eighth Session of the Board passed the resolution of “Capital Increase in Guangdong Shaoguan Yuejiang Electric Power Co.Ltd” during its 2nd meeting on 24 August 2014, pursuant to which the Company is required to inject RMB923,000,000(20% of the total project investment) on its90% shareholding proportion to promote
the Upgrade Project(2×600MW) of Shaoguan Power invested by Yuejiang Electric, ie to offer supplementary capital injection of RMB232,310,000 on the basis of the initial injection of RMB690,690,000 approved during 11th meeting of The Sixth Session of the Board. As at 31 December 2014, the capital injection from the
Company to Yuejiang Electric was RMB774 million and the rest amount of RMB149 million will be injected in batches based on the construction progress and the capital plan
c.The Eighth Session of the Board passed the resolution of “Capital Increase in Guangdong Yuedean Leizhou Wind Power Co.Ltd” during its 3rd meeting on 28 October 2014, pursuant to which the Board of the Company agreed to inject RMB80,800,000 in cash to
Leizhou Wind Power on its70% shareholding proportion to
ensure the construction of Hongxinlou Wind Power Project invested by Leizhou Wind Power. TheCompany’s shareholding proportion of Leizhou Wind Power has increased to80% after capital injection (injection price is based on the asset assessment result recorded by authorized institutions). As at 30 June 2015, the Company injected RMB60 million to Qujie Wind Power.
d.The Seventh Session of the Board passed the resolution of "Investment in Guishan Offshore Wind Power Project” during its first meeting in 2012 on 19 January, pursuant to which the Company will invest in the construction of South Wind Power based on its10% shareholding proportion and take part in Guishan Offshore Wind Power Project. The registered capital is tentatively set at RMB900,000,000. The Company is required
to invest RMB90,000,000 as10% of the total capital of the project. As at 30 June 2015, the Company injected RMB70 million to South Wind Power.
e.The Seventh Session of the Board passed the resolution of “Capital Increase in Weixin Yuntou Yudean Zhaxi Energy Co., Ltd.” during its 10th meeting on 21 August 2012, pursuant which the Company will inject RMB239,600,000 to its associated company Weixin Yuntou based on its40% shareholding proportion. The Company injected a total of RMB733,600,000 following the capital injection. As at 30 June 2015, the
capital injection from the Company to Weixin Yuntou was RMB200,000,000.
f.The Seventh Session of the Board passed the resolution of “Establishment of Guangdong Yudean Dabu Electric Ltd” during its 11th meeting on 29 October 2012, pursuant to which the Company will establish Dabu Electric as its wholly-owned subsidiary. The Company is required to inject RMB1,104,000,000(20% of the total
project investment RMB 5,520,000,000) in batches based on the construction progress. As at 30 June 2015, the Company invested RMB900 million to Dabu Electric.
g.The Seventh Session of the Board passed the resolution of “Capital Increase in Guangdong Yudean Bohe Coal Power Co., Ltd” during its 11th meeting on 29 October 2012, pursuant to which the Company agreed to inject RMB854,570,000 in cash to Bohe Coal for the construction of terminal project. The injection would be made in
batches based on the capital requirement of the project. On 22 August 2013, the Seventh Session of the Board passed the resolution of “Investment in Guangdong Maoming Bohe Electric power generation project” during its 15th meeting, pursuant to which the Company agreed to inject RMB1,375,000,000 to Bohe Coal for the construction of Bohe electric plant. The injection of the initial capital of Bohe Coal of RMB285 million
was completed. The subsequent injection of RMB1,090,000,000 will be made in batches based on the capital requirement of the project. The foresaid capital commitment is totaled at RMB2,229,570,000. As at 30 June 2015, the Company injected RMB1685 million to Bohe Coal.
h.The Sixth Session of the Board agreed to increase its capital in theCompany’s associated company Shantou Wind Power for the construction of a wind power project in Nanao East Island during its eighth meeting on 29 June 2009. The Company agreed to inject RMB35,000,000 to Shantou Wind Power based on its25% shareholding proportion. The injection would be made in batches based on the contrsuction progress. As at 30 June 2015, the Company injected RMB12,472,500 to Shantou Wind Power.
i.The Sixth Session of the Board passed the reolution of “Capital Increase in Guangdong Yudean Jinghai Power Co., Ltd.” during its 11th metting on 15 April 2010, pursuant to which the Company agreed to inject RMB565,025,500 to its subsidiary Jinghai Power based on its65% shareholding proportion. TheCompany’s proportion of shareholding in Jinghai Power remains unchanged following the completion of capital increase. As at 30, June 2015, the Company injected RMB445,014,000 to Jinhai Power.
j. The Seventh Session of the Board passed the resolution of “Investment in Offshore Wind Power Project by Guangdong Yudean Zhanjiang Wind Power Generation Co.,Ltd.” during its second meeting on 28 June 2011, pursuant to which the Company agreed to inject RMB140,000,000 to its subsidiary Zhanjiang Wind Power for the
investment in Xuwen offshore wind power project. The injection would be made in batches based on the actual progress of the project. As at 30 June 2015, the Company injected RMB75,733,000 to Zhanjiang Wind Power.
k.The Board passed the resolution (vote& sign) of Guangdong Yudean Zhanjiang Wind Power Generation Co., Ltd. to Establish Guangdong Yudean Leizhou Wind Power Co.,Ltd. on 9 January 2013, pursuant to which the Company established Leizhou Wind Power based on its70% shareholding proportion of Zhanjiang Wind Power. The registered capital of Leizhou Wind Power does not exceed RMB162,455,300 and is responsible for the development of Hongxinlou wind power project(49.5MW).Zhanjiang Wind Power shall inject capital in Leizhou Wind Power through the Company and other shareholders of Zhanjiang Wind Power, in which the injections of
the Company will not surpass RMB10,671,870 and that of Zhanjiang Wind Power not over than RMB162,455,300. As at 30 June 2015, the Company has not performed the payment of capital injection while Zhanjiang Wind Power has already offered RMB100 million.. 2.Contingency
（1）Significant contingency at banlance sheet date
As at 30 June 2015, the Group Provides joint guarntee for bank borrowings amounted to RMB 365,960,000 and financeleases amounted to RMB 71,996,700 OF Binlangjiang ; Bank borrowings amounted to RMB 287,728,000 of Linchang Yuntou, and bank borrowings amounted to RMB 268,520,000 of Weixin Yuntou .
（2）The Company have no significant contingency to disclose, also should be stated
The was no significant contingency in the Company.
XIV. Post-balance-sheet events
1. Other explanation after balance sheet date.
On August 5, 2015, the 8th Board of Directors has approved the Company to transfer29% of stock equity from Yunnan Baoshan Binglangjiang Hydropower Development Co., Ltd., with the transfer price of RMB261.3158 million. The equity transfer is conducive to safeguarding the investment interests of the Company and eliminating the guarantee risk, and helps the Company to concentrate on the operational development of holding hydropower projects. If the equity transfer successes, the Company shall revitalize the capital, optimize the integration of the management resources in Yunnan region and further focus on the operational development of holding projects. After the completion of the transaction, RMB83 million is expected to increase in the current earnings for the Company, which will have the positive impact on the operation results of the Company in the current period.
XV. Other significant events
1. Retroactive restatement
（1）Non-monetary assets exchange
In the first half year, the Company has completed the synchronous equity replacement of LincangYun Investment and WeixinYuntou
with Yunnan Power Investment Co., Ltd. (hereinafter referred to as “Yunnan Power Investment”). Based on the consideration of asset assessment report, the Company has made the mutual equivalent replacement for14.34% of equity (book value: RMB221,275,475 and fair value: RMB243,252,487) of WeixinYuntou and51% of equity of LincangYuntou held by Yunnan Power Investment. The exchange gains and losses are recognized as RMB21,977,012.
2.Segment reporting
(1) Segment profits and losses, assets and liabilities
In accordance with internal organisation structure, management requirements and
internal report system, the Group has identified eight reportable segments, which are
independent business units that provide different products or service, or operate in the
different areas. Different businesses or areas require different technologies and
marketing strategies, the Group, therefore, separately manages the production and
operation of each reportable segment and evaluates their operating results respectively,
in order to make decisions about resources to be allocated to these segments and to
assess their performance.
Inter-segment transfers are measured by making reference to the sales to third parties.
The assets are allocated based on relevant incomes and expenses, assets and liabilities of segment operation.
（1）Basis for determing a reporting branch and accounting policy
In accordance with internal organisation structure, management requirements and internal report system, the Group has identified eight reportable segments, which are independent business units that provide different products or service, or operate in the different areas. Different businesses or areas require different technologies and marketing strategies.
Inter-segment transfers are measured by making reference to the sales to third parties.
The assets are allocated based on relevant incomes and expenses, assets and liabilities of segment operation.
For the purposes of assessing segment performance and allocating resources between segments, theGroup’s management regularly reviews the assets, liabilities, revenue, expenses and financial performance, attributable to each reportable segment on the following bases:
Segment assets include all tangible, intangible, other long-term assets and current assets, such as accounts receivable, with the exception of deferred tax assets and other unallocated corporate assets. Segment liabilities include payables and advances, bank borrowings and interest payable, long-term and short-term bonds and dividends payable attributable to the individual segments, but exclude deferred tax liabilities.
Financial performance is operating income (including operating income from external customers and inter-segmentoperating income) after deducting expenses, depreciation, amortisation and impairment losses attributable to the individual segments, and interest income and expense from cash balances and borrowings managed directly by the segments. Inter-segment sales are determined with reference to prices charged to external parties for similar orders.
（2）Financial information of reporting branches
In RMB
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Parent|Jinghai|Huizhou||Zhanjiang|Zhongyue||Partial||
|Items||||Red Bay|||Other||Total|
||Company|Power|Pinghai||Power|Enerty||offset||

|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Main||||||||||
||1,082,635,6|2,474,745,4|1,982,776,2|1,971,436,1|1,134,741,5|1,072,321,8|3,128,808,6|-18,218,890|12,829,246,|
|Buinsess||||||||||
||23.00|32.00|94.00|46.00|95.00|93.00|46.00|.00|738.00|
|Income||||||||||
|Main||||||||||
||761,750,894|1,694,075,0|1,095,445,6|1,410,691,3|785,954,104|829,442,898|2,605,658,2|-17,795,513|9,165,222,5|
|Buinsess||||||||||
||.00|08.00|11.00|04.00|.00|.00|85.00|.00|91.00|
|Cost||||||||||
||2,176,537,0|558,095,493|713,017,295|376,890,916|328,606,639|125,301,588|242,573,913|-1,544,497,|2,976,524,9|
|Profit Total||||||||||
||83.00|.00|.00|.00|.00|.00|.00|981.00|46.00|
||27,302,094,|11,426,626,|8,434,794,4|8,936,578,7|4,595,118,4|5,447,589,3|25,209,115,|-18,832,156|72,519,761,|
|Assets Total||||||||||
||744.00|979.00|35.00|10.00|58.00|52.00|240.00|,476.00|442.00|
|Liability|6,521,942,4|7,779,727,9|6,188,227,1|5,651,036,7|483,127,166|3,891,256,6|15,825,725,|-2,361,794,|43,979,248,|
|Total|80.00|26.00|54.00|19.00|.00|93.00|474.00|997.00|615.00|

（3）Other
XVI..Notes s of main items in financial reports of parent company
1.Account receivable
（1）Account receivable
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Year –end balance|||||Year-beginning balance|||||
||||Provision for bad||||||||
||Book balance|||||Book balance||Provision for bad debts|||
|Classification|||debts||Book||||||
|||||||||||Book value|
|||Proportio||Proportion|value||Proportio||||
||Amount||Amount|||Amount||Amount|Proportion||
|||n|||||n||||
|Account receivable||||0.00%|||||||
|with significant|||||||||||
|specific amount that|237,408,||||237,408,8|233,268||||233,268,28|
|||100.00%|0.00||||100.00%|0.00|0.00%||
|were provisioned had|827.00||||27.00|,283.00||||3.00|
|debt preparation|||||||||||
|separately|||||||||||
||237,408,||||237,408,827.00|233,268||||233,268,283.00|
|Total||100.00%|||||100.00%||||
||827.00|||||,283.00|||||

 Receivable accounts with large amount individually and bad debt provisions were provided
√ Applicable□ Not applicable
In RMB
||||||
|-|-|-|-|-|
||Year-end balance||||
|Account receivable（Unit|||||
||）Account reiceivable|Provision for bad debts|Proportion%|Reason|
|GPGC|237,408,827.00|0.00|0.00%|Full amount recovery is|

||||||
|-|-|-|-|-|
|||||expected|
|Total|237,408,827.00|0.00|--|--|

Using age methods to provision for bad debts of account receivable ingroup：
□Applicable√not Applicable
Using percentage balance method of provision for bad debts of account receivable ingroup：
□Applicable√not Applicable
Using other methods to provision for bad debts of account receivable in group
（2）The ending balance of receivables owed by the imputation of the top five parties
Guangdong Power Grid Co., Ltd. is the only customer of the Company for the generated power, and the account receivable balances of the Company shall be the payment of power sold by Guangdong Power Grid on December 31, 2014 and June 30, 2015.
2.Other receivable
（1）Other receivable
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Year-end balance|||||Year-beginning|||||
||||Provision for bad||||||||
||Book balance|||||Book balance||Provision for bad debts|||
|Classification|||debts||Book||||||
|||||||||||Book value|
|||Proportio||Proportion %|value||Proportio||Proportion||
||Amount||Amount|||Amount||Amount|||
|||n %|||||n %||%||
|Other Receivables|||||||||||
|with major individual|||||||||||
||307,684,||||307,684,1|356,573||||356,573,50|
|amount and bad debt||97.34%|0.00|0.00%|||98.81%|0.00|0.00%||
||118.00||||18.00|,505.00||||5.00|
|provision provided|||||||||||
|individually|||||||||||
|Other Account|||||||||||
|receivable with|||||||||||
||8,419,93||||8,419,933|4,279,7||||4,279,737.0|
|minor individual||2.66%|0.00|0.00%|||1.19%|0.00|0.00%||
||3.00||||.00|37.00||||0|
|amount but bad debt|||||||||||
|provision is provided|||||||||||
||316,104,||||316,104,051.00|360,853||||360,853,242.00|
|Total||100.00%|0.00|0.00%|||100.00%|0.00|0.00%||
||051.00|||||,242.00|||||

 Other Receivable accounts with large amount individually and bad debt provisions were provided
√ applicable□ Not applicable
In RMB
||||||
|-|-|-|-|-|
||End of term||||
|Other account receivable|Other accountreceivable||||
|||Bad debt provision|Proportion%|Reason|
|Guangdong Shaoguan||||Full amount recovery is|
||200,000,000.00|0.00|0.00%||
|Yuejiang||||expected|

||||||
|-|-|-|-|-|
|||||Full amount recovery is|
|Guangdong Yudean Bohe|100,000,000.00|0.00|0.00%||
|||||expected|
|Guangdong Yudean||||Full amount recovery is|
||7,684,118.00|0.00|0.00%||
|Environmental protection||||expected|
|Total|307,684,118.00|0.00|--|--|

Using age methods to provision for bad debts of other receivable ingroup：
□Applicable√not Applicable
Using percentage balance method of provision for bad debts of other receivable ingroup：
□Applicable√not Applicable
Using other methods to provision for bad debts of other receivable ingroup：
√ Applicable□ Not applicable
Receivable accounts with minor amount but on which bad debt provisions are provided individually at end of period
||||||
|-|-|-|-|-|
|Other accountreceivable|End of term||||
||Other accountreceivable|Bad debts provision|Provision proportion%|Reason of provision|
|Advance Project|332,370|0.00|0.00|Full amount recovery isexpected|
|Petty cash|1,701,633.75|0.00|0.00|Full amount recovery isexpected|
|Other|6,382,929|0.00|0.00|Full amount recovery isexpected|
|Total|8,419,933||||

（2）Natures or contents of other receivable accounts with large amount
In RMB
||||
|-|-|-|
|Account Property|End of term|Beginning of term|
|Entrusted loan|300,000,000.00|350,000,000.00|
|Advance|335,370.00|500,146.00|
|Petty cash|1,701,634.00|559,514.00|
|Other|14,067,047.00|9,793,582.00|
|Total|316,104,051.00|360,853,242.00|

 (3) Top 5 of the closing balance of the accounts receivable colleted according to the arrears party
In RMB
|||||||
|-|-|-|-|-|-|
|Name of the||||Percentage in total||
||Account property|End of term|Age||Bad debt provision|
|Company||||other receivable%||
|Guangdong Shaoguan||||||
||Entrusted loan|200,000,000.00|Within 1 year|63.27%|0.00|
|Yuejuang Power||||||

|||||||
|-|-|-|-|-|-|
|Guangdong Yudean||||||
||Entrusted loan|100,000,000.00|Within 1 year|31.64%|0.00|
|Bohe||||||
|Guangdong Yudean||||||
|Environmental|Combination o|7,684,118.00|Within 1 year|2.43%|0.00|
|protection||||||
|Yudean Group.||||||
||Common Cost|2,061,019.00|Within 1 year|0.65%|0.00|
|Shajiao C||||||
|HOWDEN|Pay|1,677,479.00|Within 1 year|0.53%|0.00|
|Total|--|311,422,616.00|--|||

3.Long–term share equity investment
In RMB
||||||||
|-|-|-|-|-|-|-|
||End of term|||Beginning of term|||
|Items||Impairment|||Impairment||
||Book Balance||Book value|Book Balance||Book value|
|||provision|||provision||
|Investment in|16,911,818,596.0||16,456,234,329.0|15,560,929,157.0||15,105,344,890.0|
|||455,584,267.00|||455,584,267.00||
|subsidiaries|0||0|0||0|
|Investment in|||||||
|joint ventures and|6,306,009,875.00||6,306,009,875.00|6,546,533,591.00||6,546,533,591.00|
|associates|||||||
|Total|23,217,828,471.0||22,762,244,204.00|22,107,462,748.0||21,651,878,481.00|
|||455,584,267.00|||455,584,267.00||
||0|||0|||

（1）Investment in subsidiaries
In RMB
||||||||
|-|-|-|-|-|-|-|
|||||||Impairment|
||||||Impairment||
|Name of investee|Opening balance|Increase|Decrease|Closing balance||provision for the|
||||||provision||
|||||||year|
|Huizhou Natural|845,846,646.00||||||
|||||845,846,646.00|||
|Gas|||||||
|Shenzhen|1,353,153,223.00||||||
|||||1,353,153,223.00|||
|Guangqian Power|||||||
|Guangdong Red|2,220,023,386.00||||||
|||||2,220,023,386.00|||
|Bay|||||||
|Linchang|||||||
|||427,689,439.00||427,689,439.00|||
|YuntouYudean|||||||
|Zhanjiang Power|2,185,334,400.00|||2,185,334,400.00|||

|||||||
|-|-|-|-|-|-|
|Guangdong Yujia||||||
||701,279,338.00||69,600,000.00|631,679,338.00|455,584,267.00|
|Power||||||
|Guangdong||||||
||856,694,674.00|297,000,000.00||1,153,694,674.00||
|Shaoguan Yuejiang||||||
|Maoming||||||
||595,005,970.00|||595,005,970.00||
|Zhenneng||||||
|Guangdong||||||
|Yudean Jinghai|1,930,395,668.00|||1,930,395,668.00||
|Power||||||
|Guangdong||||||
|Yudean||||||
||242,277,000.00|||242,277,000.00||
|Zhangjiang Wind||||||
|Power||||||
|Guangdong||||||
||20,000,000.00|||20,000,000.00||
|Yudean Anxin||||||
|Guangdong||||||
||90,000,000.00|||90,000,000.00||
|Humen Power||||||
|Zhangjiang||||||
||1,150,248,115.00|||1,150,248,115.00||
|Zhongyue Enerty||||||
|Guangdong||||||
|Yudean Bohe|1,385,000,000.00|300,000,000.00||1,685,000,000.00||
|Electric||||||
|Huizhou Pinghai||||||
||720,311,347.00|||720,311,347.00||
|Power||||||
|Guangdong||||||
||700,000,000.00|200,000,000.00||900,000,000.00||
|DapuElectric||||||
|Guangdong||||||
|Yudean Huadu|78,000,000.00|||78,000,000.00||
|Natural Gas||||||
|Guangdong Wind||||||
||487,359,390.00|55,000,000.00||542,359,390.00||
|Power||||||
|Guangdong||||||
|Leizhou Wind|0.00|80,800,000.00||80,800,000.00||
|Power||||||
|Guangdong||||||
|Yudean Qujie|0.00|60,000,000.00||60,000,000.00||
|Wind Power||||||
||15,560,929,157.00|||16,911,818,596.00|455,584,267.00|
|Total||1,420,489,439.00|69,600,000.00|||

（2）Investment in joint ventures and associates
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||Increase/decrease in this period||||||||||
||||||||||||Balance|
||||||||Announce|||||
|||||Investme|||||||of the|
|||Increase|Decrease||Other||d for|Provision||||
|Name of|Beginnin|||nt income||Other||||End of|provision|
|||in|in||comprehe||distributin|for||||
|investee|g of term|||under||changes|||Other|term|on for|
|||investmen|investmen||nsive||g cash|impairme||||
|||||equity||in eqiuty|||||impairme|
|||t|t||income||dividend|nt||||
|||||method|||||||nt|
||||||||or profit|||||
|I.Joint venture||||||||||||
|Guangdo||||||||||||
|ng Power|597,811,3|||43,461,24|||-74,772,2|||566,500,3||
|Industry|76.00|||1.00|||53.00|||64.00||
|Fuel||||||||||||
||597,811,3|227,046,1|-221,275,|43,461,24|||-74,772,2|||566,500,3||
|Subtotal||||||||||||
||76.00|76.00|476.00|1.00|||53.00|||64.00||
|II. Associatesd||||||||||||
|Yangshan||||||||||||
|Jiangken||||||||||||
||5,867,441|||||||||5,967,213||
|g||||99,772.00||||||||
||.00|||||||||.00||
|Hydropo||||||||||||
|wer||||||||||||
|Yangshan||||||||||||
||7,847,994|||356,006.0||||||8,204,000||
|Zhongxi||||||||||||
||.00|||0||||||.00||
|nkeng||||||||||||
|Yudean||||||||||||
|West|256,008,4|||5,459,077||||||261,467,5||
|Investm|51.00|||.00||||||28.00||
|ent||||||||||||
|Guangdo||||||||||||
|ng|945,671,3|||3,517,351|||-15,835,3|||933,353,4||
|Yudean|63.00|||.00|||00.00|||14.00||
|Shipping||||||||||||
|Weixin||||||||||||
|Yuntou|617,225,8||-221,275,|-4,315,85||||||391,634,5||
|Yudean|72.00||476.00|9.00||||||37.00||
|Zhaxi||||||||||||
|Shanxi||||||||||||
||869,294,1|||33,771,48||||||903,065,6||
|Yudean||||||||||||
||93.00|||8.00||||||81.00||
|Enerty||||||||||||

|||||||||
|-|-|-|-|-|-|-|-|
|Guangdo||||||||
|ng|648,047,1|||48,938,78|-57,535,4||639,450,5|
|Yudean|85.00|||2.00|62.00||05.00|
|Finance||||||||
|Yunnan||||||||
|Baoshan|205,634,4|||-11,177,9|||194,456,5|
|Binlangj|75.00|||75.00|||00.00|
|iang||||||||
|Guangdo||||||||
|ng||||||||
|Guohua||||||||
||2,208,688|||193,221,8|-74,772,2||2,401,910|
|Taishan||||||||
||,289.00|||44.00|53.00||,133.00|
|Power||||||||
|Generatio||||||||
|n||||||||
|Linchang||||||||
||184,436,9|227,046,1||193,221,8||-411,483,||
|Yundou|||||||0.00|
||52.00|76.00||44.00||128.00||
|Yudean||||||||
||5,948,722|227,046,1|-221,275,|269,870,4|-73,370,7|-411,483,|5,739,509|
|Subtotal||||||||
||,215.00|76.00|476.00|86.00|62.00|128.00|,511.00|
||6,546,533,591.00|227,046,1|-221,275,|313,331,7|-148,143,|-411,483,|6,306,009,875.00|
|Total||||||||
|||76.00|476.00|27.00|015.00|128.00||

（3）Other
4. Business income, Business cost
In RMB
||||||
|-|-|-|-|-|
||Amount of current period||Amount of previous period||
|Items|||||
||Income|Cost|Income|Cost|
|Main business|1,082,635,623.00|761,750,894.00|1,328,220,705.00|1,016,529,956.00|
|Other business|15,030,991.00|7,210,918.00|8,122,383.00|4,437,462.00|
|Total|1,097,666,614.00|768,961,812.00|1,336,343,088.00|1,020,967,418.00|

Notes：
5. Investment income
（1）Income from investment
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Income from long-term equity investment|1,608,008,961.00|1,843,773,960.00|

||||
|-|-|-|
|measured by adopting the cost method|||
|Income from long-term equity investment|||
||313,331,726.00|336,254,319.00|
|measured by adopting the Equity method|||
|Investment gain on disposal of long-term|||
||124,283,835.00||
|eqiuty invest|||
|Hold the investment income during from|||
||2,400,000.00|14,962,500.00|
|available-for-sale financial assets|||
|Entrust Loan interest income|24,636,833.00|12,651,008.00|
|Other|-1,512,486.00|-1,557,751.00|
|Total|2,071,148,869.00|2,206,084,036.00|

 6.Other
XVII. Supplement information
1. Particulars about current non-recurring gains and loss
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
|Items|Amount|Notes|
|Gains/losses from the disposal of|||
|||Mainly for oil shale Company’s equity|
||130,702,830.00||
|non-current asset||disposal profits|
|Governmental subsidy calculated into|||
|current gains and loess（while closely related|||
|with the normal business of the Company,|||
||3,437,316.00||
|excluding the fixed-amount or|||
|fixed-proportion governmental subsidy|||
|according to the unified national standard）|||
|Gains and losses from exchange of|||
||21,977,012.00||
|non-monetary assets|||
|Other non-operating income and expenditure|||
||1,580,392.00||
|except for the aforementioned items|||
|||Enterprises can control the invested party|
|||under the different control due to|
|||additional investment and other reasons. In|
|||the consolidated financial statements,|
|Other non-business income and expenditures|||
||49,276,222.00|enterprise should carry on re measurement|
|other than the above|||
|||in accordance with the fair value of the|
|||equity which held by the acquiree before|
|||the purchase date. The difference between|
|||the fair value and the value of the accounts|

||||
|-|-|-|
|||should be accounted into the current|
|||investment income.|
|Less：Influence amount of income tax|1,161,738.00||
|Influenced amount of minor shareholders’|||
||1,193,541.00||
|equity|||
|Total|204,618,493.00|--|

Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public-Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item.□ Applicable√Not applicable
2. Return on net asset and earnngs per share
|||||
|-|-|-|-|
|||Earningspershare||
|Profitofreportperiod|Weightedaverageretureoneqiuty(%)|Basicearningspershare(R|Diluted eqrnings per|
|||MB/share）|share(RMB/share)|
|Net profit attributable to the||0.33|0.33|
|Common stock shareholders of|7.73%|||
|Company.||||
|Net profit attributable to the||||
|Common stock shareholders of||||
||6.81%|0.29|0.29|
|Company after deducting of||||
|non-recurring gain/loss.||||

3.The differences between domestic and international accounting standards
（1）Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in the financial reports of differences in net income and net assets.
√ Applicable□ Not applicable
In RMB
||||||
|-|-|-|-|-|
||Net profit||Net assets||
||Amount in the reporting|Amount in the previous|End of the reporting|Beginning of the|
||period|period|period|reporting period|
|According to CAS|1,720,995,015.00|1,644,460,546.00|22,350,256,396.00|21,310,054,597.00|
|Items and amount adjusted according to IAS|||||
|Land use right|||||
|amortization|||||
|The difference arising|||||
||||64,623,000.00|64,623,000.00|
|from recognition of|||||

||||||
|-|-|-|-|-|
|goodwill after merger of|||||
|enterprises under the same|||||
|control|||||
|Difference arising|||||
|fromrecognition of land|||||
||-315,000.00|-315,000.00|19,805,000.00|20,120,000.00|
|use value after enterprise|||||
|merger|||||
|Influence on minority|||||
||27,060.00|27,060.00|4,620,799.00|4,593,739.00|
|interests|||||
|According to IAS|1,720,707,075.00|1,643,311,165.00|22,439,305,195.00|21,399,391,336.00|

 (2) Discrepancy in net profit and net assets as disclosed in the financial report respectively according to the accounting standards outside Mainland China and CAS
□ Applicable√ Not Applicable
(3) Note to the discrepancy in accounting data under the accounting standards outside Mainland China. In case the
discrepancy in data which have been audited by an overseas auditing agent has been adjusted, please specify the name of the overseas auditing agent.
a. Land use right amortization
The difference formed by different period of land use right amortization.
b.The difference arising from recognition of goodwill after merger of enterprises under the same control and recognition of land value after enterprise merger.
As required by new Chinese accounting standards, the goodwill formed by the merger of enterprises under the same control shall not be recognized and capital surplus shall be adjusted. Under IFRS, the golldwill formed by the merger of enterprises under the same control shall be recognized and equal to the difference between merger cost and share of fair value of recognizable net assets of the purchased party obtained in merger. Meanwhile, all assets of the purchased party obtained in merger shall be accounted for according to their fair value while such assets shall be accounted for according to their book value according to original Chinese accounting standards for business enterprises. Therefore, this difference will continue to exist.
c. Influence on minority interests
Housing reform loss occurred to the Company and some holding subsidiaries. Therefore,there’s some influence on minority interests.
X.Documents for reference
1.Text of Semi-ammual report carrying the signature of Chairman of the Board;
2.Financial statements bearing the seal and signature of legal representative, financial controller and the person in charge of the accounting organ;
3.All original copies of official documents and notices, which were disclosed in Securities Times, China Secunities and Hong Kong Commercial Daily (Both English and Chinese version);
4.The article of association of the Company;
5. English version of the semi-annual report.
The documents mentioned above are kept in office, and are ready for reference at any time (except public holidays, Saturday and Sunday).