The First Quarterly Report 2017 Guangdong Electric Power Development Co., Ltd.
The First Quarterly Report 2017
April 2017
The First Quarterly Report 2017 1 Important notes
The Board ofDirectors，the Supervisory Committee, the directors, the supervisors, and executives of the Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Quarterly Report.
All the directors attended the board meeting for reviewing the first quarterly report except the follows:
|||||
|-|-|-|-|
|The name of director who did|||The name of director who was|
||Positions|Reason||
|not attend the meeting in person|||authorized|
|Hong Rongkun|Director|Due to business|Gao Shiqiang|
|Li Mingliang|Director|Due to business|Yang Xinli|
|Zhang Xueqiu|Director|Due to business|Liu Tao|
|Wang Xi|Independent Directorr|Due to business|Shen Hongtao|

Mr. Huang Zhenhai, Person in charge of the Company, Ms.Li Xiaoqing , Person in charge of accounting works, Mr.Meng Fei ,CFO as well as person in charge of accounting institution represent and warrant the financial and accounting report in the first quarterly report is true and complete.
II. Basic Information of the Company
I.Main accounting data and financial Index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not.
□ Yes√ No
|||||
|-|-|-|-|
||||Changes of this period over|
||This period|Same period of last year||
||||same period of last year（％）|
|Operating income（RMB）|5,554,665,288|4,405,938,708|26.07%|
|Net profit attributable to the shareholders of|-115,409,510|110,019,230||
||||-204.90%|
|the listed company（RMB）||||
|Net profit after deducting of non-recurring||||
|gain/loss attributable to the shareholders of|-125,128,941|110,018,307|-213.73%|
|listed company（RMB）||||
|Cash flow generated by business operation,|475,755,783|2,036,376,774||
||||-76.64%|
|net（RMB）||||
|Basic earning per share(RMB/Share)|-0.022|0.021|-204.76%|
|Diluted gains per|-0.022|0.021||
||||-204.76%|
|share(RMB/Share)(RMB/Share)||||

The First Quarterly Report 2017
|||||
|-|-|-|-|
|Weighted average return on equity（%）|-0.49%|0.41%|-0.90%|
||||Changes of this period-end|
||End of this period|End of last period|over same period-end of last|
||||year(%)|
|Gross assets（RMB）|69,786,680,797|70,677,003,760|-1.26%|
|Net assets attributable to the shareholders of|23,282,313,397|23,378,847,225||
||||-0.41%|
|the listed company（RMB）||||

Items and amount of non-current gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Amount (Year-beginning to the end||
|Items||Notes|
||of the report period.)||
|Non-current asset disposal gain/loss(including the write-off part for|||
||830,322||
|which assets impairment provision is made)|||
|Govemment subsidy recognized in current gain and loss(excluding|||
|those closely related to the Company’s business and granted under the|485,565||
|state’s policies)|||
|Other non-operating income and expenditure except for the|||
||8,403,544||
|aforementioned items|||
|Total|9,719,431|--|

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/items as defined by the information disclosure explanatory Announcement No.1- Non–recurring gain/loss in the report period.
The First Quarterly Report 2017 II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the Shares Held by Top Ten Common Shareholders
In shares
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||108,483rr|||Total preference shareholders||0||||
|Total number of common||||with the voting power||||||
|shareholders at the period-end||||ecovered at the end of the||||||
|||||eporting period(if any)||||||
|Shares held by the top 10 shareholders||||||||||
|||||||||Pledging or||
|||||||Amount of||||
|||||Share||||freezing||
|||Properties of||||tradable shares||||
|Shareholder name||||proportion|Quantity|||Status||
|||shareholder||||with Conditional|||Quant|
|||||%||||of the||
|||||||held|||ity|
|||||||||shares||
|Guangdong Yudean Group Co., Ltd.||State-ownedlegal person||67.39%|3,538,005,285|1,893,342,621||||
|China Securities Finance Co., Ltd.||State-ownedlegal person||2.78%|145,748,980|||||
|Guangdong Guangfa Electric Power Investment Co.,Ltd.||State-ownedlegal person||2.22%|116,693,602|||||
|Guangdong Electric Power Development Corporation||State-ownedlegal person||1.80%|94,367,341|||||
|Li Zhuo||DomesticNaturalperson||0.41%|21,323,385|||||
|BBH A/C VANGUARD EMERGING MARKETSSTOCK INDEX FUND||OverseasLegal person||0.33%|17,484,844|||||
|CHINA INT'L CAPITAL CORP HONG KONGSECURITIES LTD||OverseasLegal person||0.29%|15,322,336|||||
|Harbin Daoli District Charity Foundation||DomesticNon-Stateowned legalperson||0.28%|14,726,415|||||
|NOMURA SINGAPORE LIMITED||OverseasLegal person||0.24%|12,599,843|||||
|Central Huijin Assets Management Co., Ltd.||State-ownedlegal person||0.23%|12,258,200|||||
|Shares held by the Top 10 Shareholders of Non-restricted shares||||||||||
|Shareholders’ Names|||Number of the non-restricted shares||||Share type|||

The First Quarterly Report 2017
|||||
|-|-|-|-|
||held||Quant|
|||Share type||
||||ity|
|Guangdong Yudean Group Co., Ltd.|1,644,662,664|RMB Common||
|||shares||
|China Securities Finance Co., Ltd.|145,748,980|RMB Common||
|||shares||
|Guangdong Guangfa Electric Power Investment Co., Ltd.|116,693,602|RMB Common||
|||shares||
|Guangdong Electric Power Development Corporation|94,367,341|RMB Common||
|||shares||
|Li Zhuo|21,323,385|RMB Common||
|||shares||
|BBH A/C VANGUARD EMERGING MARKETS STOCKINDEX FUND|17,484,844|Foreign shares||
|||placed in domestic||
|||exchange||
|CHINA INT'L CAPITAL CORP HONG KONG SECURITIESLTD|15,322,336|Foreign shares||
|||placed in domestic||
|||exchange||
|Harbin Daoli District Charity Foundation|14,726,415|RMB Common||
|||shares||
|NOMURA SINGAPORE LIMITED|12,599,843|Foreign shares||
|||placed in domestic||
|||exchange||
|Central Huijin Assets Management Co., Ltd.|12,258,200|RMB Common||
|||shares||
||The fourth largest shareholder Guangdong Electric Power|||
||Development Corporation is the wholly-owned subsidiaries of the|||
|Explanation on associated relationship or concerted action of||||
||largest shareholder Yudean Group. These two companies have|||
|the above shareholders||||
||relationships; whether the other shareholders have relationships or|||
||unanimous acting was unknown.|||
||The Fifth largest shareholder Li Zhuo holds 21,299,565 A shares|||
||of the Company through stock account with credit transaction and|||
||guarantee and holds 23,820 A shares through ordinary stock|||
||account, hold 21,323,385 shares of the Company's stock totally.|||
|Note to the top 10 common stockholders involved in margin||||
||The Eighth largest shareholder Harbin Daoli District Charity|||
|financing & securities lending (If any)||||
||Foundation holds 14,696,015 A shares of the Company through|||
||stock account with credit transaction and guarantee and holds|||
||30,400 A shares through ordinary stock account, hold 14,726,415|||
||shares of the Company's stock totally.|||

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
The First Quarterly Report 2017 buy-back agreement dealing in reporting period.
□ Yes√ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy–back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the report period
□ Applicable√Not applicable
The First Quarterly Report 2017 III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
√ Applicable□ Not applicable
During the reporting period, the net profit attributable to the shareholders of the listed company is RMB -115,409,510.39, which was mainly due to the acceleration of marketization reform of Guangdong electric power market, the increasing competition, the obvious decline of thecompany’s on-grid electricity price and the continual rise of coal prices in the first quarter, so thecompany’s power generation business recorded a loss. II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
□ Applicable√Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer, directors, supervisors, senior executives or other related parties in the reporting period and commitments unfinished in implementation at the end of the reporting period
□ Applicable√Not applicable
Nil.
IV．Prediction of Business performance for January- June 2017
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the warning of its material change compared with the corresponding period of the last year and explanation of reason.
□ Applicable√ Not applicable
V. Securities investment
√ Applicable□Not applicable
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||||Sharehol||Sharehol|||||
|||||Number of|ding||ding|||||
|||||||Number of||||||
|||||shares held|proporti||proporti|||||
|||||||shares held|||Gain. loss||Sauc|
|Securit||||at the|on at the||on at the|Book balance at||||
|||Stock|Initial|||at the end|||of the||e of|
|y|Stock|||beginning|beginnin||end of|the end of the||Accountin||
|||Abbreviati|investment|||of the|||reporting||the|
|catego|Code|||of the|g of the||the|reporting period||g items||
|||on|cost(RMB)|||reporting|||period||share|
|ry||||reporting|reportin||reportin|(RMB)||||
|||||||period|||(RMB)||s|
|||||period(shar|g||g|||||
|||||||(shares)||||||
|||||es)|period(||period(|||||
||||||%)||%)|||||

The First Quarterly Report 2017
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||||||Financial||
|||||||||||assets|Trans|
|Stock|600642|Shenergy|235,837,988|55,532,250|1.22%|55,532,250|1.22%|347,631,885||||
|||||||||||available|feree|
|||||||||||for sales||
|||||||||||Financial||
||||||||||||Issue|
|||Shenzhen||||||||assets||
|Stock|000027||15,890,628|12,600,000|0.32%|12,600,000|0.32%|89,712,000|||obtai|
|||Energy||||||||available||
||||||||||||n|
|||||||||||for sales||
|||||||||||Financial||
||||||||||||Estab|
|||||||||||assets||
|Stock|831039|NEEQ|3,600,000|1,800,000|1.29%|1,800,000|1.29%|7,560,000|||lishm|
|||||||||||available||
||||||||||||ent|
|||||||||||for sales||
|Total|||255,328,616|69,932,250|--|69,932,250|--|444,903,885|0|--|--|
|Disclosure date for the||||||||||||
|notice of approval by the||||||||||||
|Board (If any)||||||||||||
|Disclosure date for the||||||||||||
|notice of approval by||||||||||||
|shareholders’ Meeting (If||||||||||||
|any)||||||||||||

VI. Investment in derivatives
□ Applicable√Not applicable
There is no derivative investment during the report period.
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the Reporting Period
√Applicable□Not applicable
|||||
|-|-|-|-|
||Way of|||
|Reception time||Types of visitors|Basic index|
||reception|||
||||Details can be found in the Record Chart of the Investor|
||Onsite|||
|January 12,2017||Organization|Relation Activity disclosed on Juchao|
||investigation|||
||||website(www.cninfo.com.cn) on 16 January .2017.|
||||Details can be found in the Record Chart of the Investor|
||Onsite|||
|March 23,2017||Organization|Relation Activity disclosed on Juchao|
||investigation|||
||||website(www.cninfo.com.cn) on 24 March 2017.|

VIII. External guarantee get out of line
□ Applicable√Not applicable
The Company has no external guarantee get out of the line in the Period
The First Quarterly Report 2017 IX. Controlling shareholder and its related parties occupying non-business capital of the listed company□ Applicable√Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company in Period
The First Quarterly Report 2017 IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Guangdong Electric Power Development Co., Ltd.
March 31,2017
In RMB
||||
|-|-|-|
|Items|At the end of term|Beginning of term|
|Current asset：|||
|Monetary fund|4,696,299,558|5,184,873,650|
|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|2,761,070,936|2,776,061,909|
|Prepayments|1,093,241,297|1,064,822,122|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts receivable|||
|Interest receivable|17,888,913|16,681,118|
|Dividend receivable|||
|Other account receivable|145,772,759|133,499,956|
|Repurchasing of financial assets|||
|Inventories|1,456,741,596|1,513,153,241|
|Assets held for sales|||
|Non-current asset due in 1 year|56,847,215||
|Other current asset|812,320,190|882,055,591|
|Total of current assets|11,040,182,464|11,571,147,587|
|Non-current assets：|||
|Loans and payment on other’s behalf disbursed|||
|Disposable financial asset|1,304,555,571|1,279,387,994|
|Expired investment in possess|||

The First Quarterly Report 2017
||||
|-|-|-|
|Long-term receivable|81,184,969|136,075,412|
|Long term share equity investment|5,504,013,892|5,432,637,750|
|Property investment|8,773,337|8,932,237|
|Fixed assets|40,886,143,799|41,814,685,521|
|Construction in progress|6,746,112,990|6,343,293,763|
|Engineering material|4,224,052|1,496,854|
|Fixed asset disposal|5,175,689|4,304,229|
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|1,695,098,316|1,707,490,221|
|R & D petrol|||
|Goodwill|27,486,780|27,486,780|
|Long-germ expenses to be amortized|31,431,434|34,611,712|
|Deferred income tax asset|302,779,937|303,929,269|
|Other non-current asset|2,149,517,567|2,011,524,431|
|Total of non-current assets|58,746,498,333|59,105,856,173|
|Total of assets|69,786,680,797|70,677,003,760|
|Current liabilities|||
|Short-term loans|7,362,860,000|5,758,860,000|
|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|761,884,858|1,330,480,837|
|Account payable|2,656,374,683|3,167,250,446|
|Advance payment|184,798|12,456,360|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|194,376,549|144,122,128|
|Tax payable|285,059,941|326,919,844|
|Interest payable|65,579,575|83,648,793|
|Dividend payable|9,703,930|9,703,930|

The First Quarterly Report 2017
||||
|-|-|-|
|Other account payable|3,281,765,936|3,292,556,995|
|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|1,594,425,876|1,433,644,523|
|Other current liability|1,018,196,301|1,723,070,000|
|Total of current liability|17,230,412,447|17,282,713,856|
|Non-current liabilities：|||
|Long-term loan|19,237,804,630|19,888,172,037|
|Bond payable|1,905,713,367|1,900,124,468|
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|1,828,020,107|1,917,552,654|
|Long-term payable employees’s remuneration|110,930,893|122,832,249|
|Special payable|26,675,385|26,675,385|
|Expected liabilities|||
|Deferred income|130,081,148|125,650,072|
||30,448,408|37,718,277|
|Deferred income tax liability|||
|Other non-current liabilities|39,000,000|39,000,000|
|Total non-current liabilities|23,308,673,938|24,057,725,142|
||40,539,086,385|41,340,438,998|
|Total of liability|||
|Owners’ equity|||
||5,250,283,986|5,250,283,986|
|Share capital|||
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|5,003,007,476|5,003,007,478|
|Less：Shares in stock|||
|Other comprehensive income|163,934,698|145,059,015|
|Special reserves|||
|Surplus reserves|6,845,001,818|6,845,001,818|
|Common risk provision|||

The First Quarterly Report 2017
||||
|-|-|-|
||6,020,085,418|6,135,494,928|
|Undistributed profit|||
|Total of owner’s equity belong to the parent company|23,282,313,396|23,378,847,225|
|Minority shareholders’ equity|5,965,281,016|5,957,717,537|
|Total of owners’ equity|29,247,594,412|29,336,564,762|
|Total of liabilities and owners’ equity|69,786,680,797|70,677,003,760|

 Legal Representative: Huang Zhenhai Person in charge ofaccounting：Li Xiaoqing Accounting Dept Leader: Meng Fei 2.Parent Company Balance Sheet
In RMB
||||
|-|-|-|
|Items|At the end of term|Beginning of term|
|Current asset：|||
|Monetary fund|237,999,464|326,073,538|
|Financial assets measured at fair value with variations accounted into|||
|current income account|||
|Derivative financial assets|||
|Bill receivable|||
|Account receivable|154,792,300|212,343,198|
|Prepayments|79,731,400|79,990,745|
|Interest receivable|1,240,787|723,819|
|Dividend receivable|||
|Other account receivable|20,523,777|122,933,749|
|Inventories|169,540,239|149,462,926|
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|9,200,477|25,650,427|
|Total of current assets|673,028,444|917,178,402|
|Non-current assets：|||
|Disposable financial asset|1,304,555,571|1,279,387,994|
|Expired investment in possess|||
|Long-term receivable|351,460,000|335,000,000|
|Long term share equity investment|23,102,612,055|22,896,735,913|
|Property investment|8,773,337|8,932,237|
|Fixed assets|1,020,893,791|1,049,906,014|
|Construction in progress|73,640,587|43,039,781|

The First Quarterly Report 2017
||||
|-|-|-|
|Engineering material|||
|Fixed asset disposal|555,054||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|91,205,788|92,152,556|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|||
|Deferred income tax asset|||
|Other non-current asset|653,004,000|672,504,000|
|Total of non-current assets|26,606,700,183|26,377,658,495|
|Total of assets|27,279,728,627|27,294,836,897|
|Current liabilities|||
|Short-term loans|1,300,000,000|300,000,000|
|Financial liabilities measured at fair value with variations accounted into|||
|current income account|||
|Derivative financial liabilities|||
|Bill payable|||
|Account payable|218,402,180|517,973,144|
|Advance payment|||
|Employees’ wage payable|32,211,330|31,813,417|
|Tax payable|-2,395,249|9,688,606|
|Interest payable|8,750,147|48,091,022|
|Dividend payable|9,703,930|9,703,930|
|Other account payable|94,504,606|93,522,121|
|Classified as held for sale debt|||
|Non-current liability due in 1 year|||
|Other current liability|508,170,959|1,216,583,014|
|Total of current liability|2,169,347,903|2,227,375,254|
|Non-current liabilities：|||
|Long-term loan|1,500,000,000|1,500,000,000|
|Bond payable|1,197,220,834|1,196,982,619|
|Including：preferred stock|||
|Sustainable debt|||

The First Quarterly Report 2017
||||
|-|-|-|
|Long-term payable|||
|Long-term payable to employees|22,735,295|23,445,887|
|Special payable|||
|Expected liabilities|||
|Deferred income|59,851,233|59,533,388|
|Deferred income tax liability|5,432,460|12,508,093|
|Other non-current liabilities|||
|Total of Non-current liabilities|2,785,239,822|2,792,469,987|
|Total of liability|4,954,587,725|5,019,845,241|
|Owners’ equity|||
|Share capital|5,250,283,986|5,250,283,986|
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|5,605,752,163|5,605,752,163|
|Less：Shares in stock|||
|Other comprehensive income|163,934,698|145,059,015|
|Special reserves|||
|Surplus reserves|6,845,001,818|6,845,001,818|
|Undistributed profit|4,460,168,237|4,428,894,674|
|Total of owners’ equity|22,325,140,902|22,274,991,656|
|Total of liabilities and owners’ equity|27,279,728,627|27,294,836,897|

 3.Consolidated Income statement
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Income from the key business|5,554,665,288|4,405,938,708|
|Incl：Business income|5,554,665,288|4,405,938,708|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|5,731,755,826|4,121,004,327|
|Incl：Business cost|5,232,107,151|3,593,590,924|

The First Quarterly Report 2017
||||
|-|-|-|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Net amount provided as insurance contract reserves|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|46,883,420|32,165,790|
|Sales expense|1,128,943|304,397|
|Administrative expense|135,333,767|147,067,842|
|Financial expenses|316,302,545|347,875,374|
|Asset impairment loss|||
|Add：Gains from change of fir value （“-”for loss）|||
|Investment gain（“-”for loss）|71,376,143|16,325,321|
|Incl: investment gains from affiliates|||
|Gains from currency exchange（“-”for loss）|||
|III. Operational profit（“-”for loss|-105,714,395|301,259,702|
|Add：Non-business income|15,956,412|4,265,515|
|Incl：Gains from disposal of non-current assets|1,261,973||
|Less：Non business expenses|2,849,251|1,327,233|
|Incl：Loss from disposal of non-current assets|359,258||
|IV.Total profit(“-”for loss)|-92,607,234|304,197,984|
|Less：Income tax expenses|25,738,798|78,321,126|
|V. Net profit（“-”for net loss|-118,346,032|225,876,858|
|Net profit attributable to the owners of parent company|-115,409,510|110,019,230|
|Minority shareholders’ equity|-2,936,522|115,857,628|
|VI. Net after-tax of Other comprehensive income|18,875,683|-86,129,797|
|Net after-tax|18,875,683|-86,129,797|
|of other comprehensive income attributable to owners of the parent compan|||
|y.|||
|（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 or net ass|||
|ets|||

The First Quarterly Report 2017
||||
|-|-|-|
|2.Other comprehensive income under the equity method investee can not b|||
|e reclassified into profit or loss.|||
|（II）|18,875,683|-86,129,797|
|Other comprehensive income that will be reclassified into profit or loss.|||
|1.Other comprehensive income under the equity method investee can be rec|||
|lassified into profit or loss.|||
|2.Gains and losses from changes in fair value available for sale financial as|18,875,683|-86,129,797|
|sets|||
|3.Held-to-maturity investments reclassified to gains and losses of available|||
|for sale financial assets|||
|4.The effective portion of cash flow hedges and losses|||
|5.Translation differences in currency financial statements|||
|6.Other|||
|Net after-tax of other comprehensive income attributable to Minority|||
|shareholders’ equity|||
|VII. Total comprehensive income|-99,470,349|139,747,061|
|Total comprehensive income attributable to the owner of the parent|-96,533,827|23,889,433|
|company|||
|Total comprehensive income attributable minority shareholders|-2,936,522|115,857,628|
|VIII. Earnings per share|||
|（I）Basic earnings per share|-0.022|0.021|
|(II)Diluted earnings per share|-0.022|0.021|

 Legal Representative: Huang Zhenhai Person in charge ofaccounting：Li Xiaoqing Accounting Dept Leader:Meng Fei 4.Income statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Income from the key business|380,801,562|318,809,041|
|Less：Business cost|381,038,604|264,269,337|
|Business tax and surcharge|465,610|2,516,242|
|Sales expense|3,062|9,300|
|Administrative expense|19,688,793|22,052,521|
|Financial expenses|47,038,961|55,361,550|
|Asset impairment loss|||

The First Quarterly Report 2017
||||
|-|-|-|
|Add：Gains from change of fir value （“-”for loss）|||
|Investment gain（“-”for loss）|75,921,316|125,619,860|
|Incl: investment gains from affiliates|71,376,143||
|II. Operational profit（“-”for loss）|8,487,848|100,219,951|
|Add ：Non-operational income|9,551,560|156,876|
|Including：Income from disposal of non-current assets|||
|Less：Non business expenses|133,371||
|Incl：Loss from disposal of non-current assets|||
|III.Total profit(“-”for loss)|17,906,037|100,376,827|
|Less：Income tax expenses|-13,367,526|-4,890,854|
|IV. Net profit（“-”for net loss）|31,273,563|105,267,681|
|V.Net of profit of other comprehensive income|18,875,683|-86,129,797|
|（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 or net ass|||
|ets|||
|2.Other comprehensive income under the equity method investee can not b|||
|e reclassified into profit or loss.|||
|（ II ）|18,875,683|-86,129,797|
|Other comprehensive income that will be reclassified into profit or loss.|||
|1.Other comprehensive income under the equity method investee can be rec|||
|lassified into profit or loss.|||
|2.Gains and losses from changes in fair value available for sale financial as|18,875,683|-86,129,797|
|sets|||
|3.Held-to-maturity investments reclassified to gains and losses of available|||
|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|50,149,246|19,137,884|
|VII. Earnings per share：|||
|（I）Basic earnings per share|||
|(II)Diluted earnings per share|||

The First Quarterly Report 2017 5. Consolidated Cash Flow Statement
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or rending of services|6,534,220,810|5,674,442,022|
|Net increase of customer deposits and capital kept for brother company|||
|Net increase of loans from central bank|||
|Net increase of inter-bank loans from other financial bodies|||
|Cash received against original insurance contract|||
|Net cash received from reinsurance business|||
|Net increase of client deposit and investment|||
|Net increase of the financial assets that are measured at fair value and|||
|whose movement is counted to the current gain and loss|||
|Cash received as interest, processing fee and commission|||
|Net increase of inter-bank fund received|||
|Net increase of repurchasing business|||
|Tax returned|232,947||
|Other cash received from business operation|38,308,102|41,332,891|
|Sub-total of cash inflow|6,572,761,859|5,715,774,913|
|Cash paid for purchasing of merchandise and services|5,217,883,087|2,586,671,975|
|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|354,132,647|421,496,400|
|Taxes paid|361,679,696|580,585,560|
|Other cash paid for business activities|163,310,646|90,644,204|
|Sub-total of cash outflow from business activities|6,097,006,076|3,679,398,139|
|Cash flow generated by business operation, net|475,755,783|2,036,376,774|
|II.Cash flow generated by investing|||
|Cash received from investment retrieving|||
|Cash received as investment gains||4,000,000|
|Net cash retrieved from disposal of fixed assets, intangible assets, and other|1,062,462|1,454,595|

The First Quarterly Report 2017
||||
|-|-|-|
|long-term assets|||
|Net cash received from disposal of subsidiaries or other operational units|||
|Other investment-related cash received|10,500,000||
|Sub-total of cash inflow due to investment activities|11,562,462|5,454,595|
|Cash paid for construction of fixed assets, intangible assets and other|607,704,985|896,503,587|
|long-term assets|||
|Cash paid as investment|125,694||
|Net increase of loan against pledge|||
|Net cash received from subsidiaries and other operational units|||
|Other cash paid for investment activities|||
|Sub-total of cash outflow due to investment activities|607,830,679|896,503,587|
|Net cash flow generated by investment|-596,268,217|-891,048,992|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Incl: Cash received as investment from minor shareholders|||
|Cash received as loans|3,030,404,699|1,543,634,099|
|Cash received from bond placing|||
|Other financing –related ash received||21,216|
|Sub-total of cash inflow from financing activities|3,030,404,699|1,543,655,315|
|Cash to repay debts|2,972,122,871|2,080,799,113|
|Cash paid as dividend, profit, or interests|419,903,293|589,399,636|
|Incl: Dividend and profit paid by subsidiaries to minor shareholders|||
|Other cash paid for financing activities|6,440,107||
|Sub-total of cash outflow due to financing activities|3,398,466,271|2,670,198,749|
|Net cash flow generated by financing|-368,061,572|-1,126,543,434|
|IV. Influence of exchange rate alternation on cash and cash equivalents|-86||
|V.Net increase of cash and cash equivalents|-488,574,092|18,784,348|
|Add: balance of cash and cash equivalents at the beginning of term|5,184,873,650|5,237,406,725|
|VI ..Balance of cash and cash equivalents at the end of term|4,696,299,558|5,256,191,073|

 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|||

The First Quarterly Report 2017
||||
|-|-|-|
|Cash received from sales of goods or rending of services|506,722,273|386,301,628|
|Tax returned|232,947||
|Other cash received from business operation|4,345,031|7,779,609|
|Sub-total of cash inflow|511,300,251|394,081,237|
|Cash paid for purchasing of merchandise and services|662,899,601|271,094,555|
|Cash paid to staffs or paid for staffs|76,886,841|87,990,980|
|Taxes paid|9,375,647|26,048,790|
|Other cash paid for business activities|9,965,255|8,590,444|
|Sub-total of cash outflow from business activities|759,127,344|393,724,769|
|Cash flow generated by business operation, net|-247,827,093|356,468|
|II.Cash flow generated by investing|||
|Cash received from investment retrieving|100,000,000|300,000,000|
|Cash received as investment gains|4,295,833|115,860,806|
|Net cash retrieved from disposal of fixed assets, intangible assets, 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|104,295,833|415,860,806|
|Cash paid for construction of|17,484,290|32,846,592|
|fixed assets, intangible assets|||
|and other long-term assets|||
|Cash paid as investment|131,602,154|620,400,000|
|Net cash received from subsidiaries and other operational units|||
|Other cash paid for investment activities|||
|Sub-total of cash outflow due to investment activities|149,086,444|653,246,592|
|Net cash flow generated by investment|-44,790,611|-237,385,786|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|1,300,000,000|700,000,000|
|Cash received from bond placing|||
|Other financing –related ash received||21,217|
|Sub-total of cash inflow from financing activities|1,300,000,000|700,021,217|
|Cash to repay debts|1,000,000,000|600,000,000|
|Cash paid as dividend, profit, or interests|95,417,563|82,114,962|
|Other cash paid for financing activities|38,721||

The First Quarterly Report 2017
||||
|-|-|-|
|Sub-total of cash outflow due to financing activities|1,095,456,284|682,114,962|
|Net cash flow generated by financing|204,543,716|17,906,255|
|IV. Influence of exchange rate alternation on cash and cash equivalents|-86||
|V.Net increase of cash and cash equivalents|-88,074,074|-219,123,063|
|Add: balance of cash and cash equivalents at the beginning of term|326,073,538|682,950,639|
|VI ..Balance of cash and cash equivalents at the end of term|237,999,464|463,827,576|

 II.Auditor‘s report
If the 1st quarterly report been audited
[] Yes[V] No
The 1st quarterly report has not been audited.