Guangdong Electric Power Development Co., Ltd.
The First Quarterly Report 2014
April 2014
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company hereby guarantees that there are no misstatement, misleading representation or important omissions in this report and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof. Mr.Pan Li, The Company leader, 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 Quarterly Report .
Other directors attended the meeting on examining the Annual except for the following directors.
|||||
|-|-|-|-|
|Name absent||||
||Title|Reason of absence|Name of entrusted|
|director||||
|Wang Jun|IndependentDirector|Due to business|Zhu Weiping|

.
II. Main financial data and changes of shareholders
（1）Main financial data
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not.
□Yes√ No
Unit：RMB
|||||
|-|-|-|-|
||||Increase /decrease|
||January-March 2014|January-March 2013||
||||（％）|
|Operating income（RMB）|7,010,362,960.00|6,418,273,058.00|9.23%|
|Net profit attributable to the shareholders of the listed|587,768,536.00|||
|||396,912,594.00|48.09%|
|company（RMB）||||
|Net profit after deducting of non-recurring gain/loss||||
|attributable to the shareholders of listed company|595,370,329.00|387,785,790.00|53.53%|
|（RMB）||||
|Cash flow generated by business operation, net|2,469,169,296.00|||
|||2,155,357,143.00|14.56%|
|（RMB）||||
|Basic earning per share(RMB/Share)|0.134|0.091|47.25%|
|Diluted gains per share(RMB/Share)(RMB/Share)|0.134|0.091|47.25%|
|Weighted average return on equity（%）|3.08%|2.36%|0.72%|
||||Increase /decrease|
||March 31, 2014|December 31 ,2013||
||||（％）|
|Gross assets（RMB）|67,134,455,420.00|67,918,719,035.00|-1.15%|
|Net profit attributable to the shareholders of the listed|19,638,402,192.00|||
|||19,054,914,050.00|3.06%|
|company（RMB）||||

Items of non-current gains and losses
√ applicable□ not applicable
Unit：RMB
||||
|-|-|-|
||Amount (Year-beginning to||
|Non-recurring gain and loss items||Notes（If applicable）|
||the end of the report period.)||
|Profit and loss on disposal of non-current assets (including meter|||
||-19,456,845.00||
|offset part of assets impairment)|||
|Government subsidy recognized in current gain and|||
|loss(excluding those closely related to the Company’s business|4,959,306.00||
|and granted under the state’s policies)|||

||||
|-|-|-|
|Asset impairment provisions for force major such as natural|||
||673,399.00||
|disasters|||
|Gain/loss on loans obtained by entrusting others|184,184.00||
|Other non-business income and expenditures other than the above|-804,074.00||
|Influenced amount of income tax|-3,542,937.00||
|Influenced amount of minor shareholders’ equity（After tax ）|-3,299,300.00||
|Total|-7,601,793.00|--|

(2) Total number of shareholders at the end of report period and Particular about shares held by top ten shareholders
Unit：Shares
|||||||||
|-|-|-|-|-|-|-|-|
|Total number of shareholders at the||||||||
||121,806|||||||
|end of report period||||||||
|Particular about shares held by top ten shareholders||||||||
||||||Amount of|Pledging or freezing||
||||Share||tradable shares|||
|||Properties of||||||
|Shareholder name|||proporti|Quantity|with|Status of||
|||shareholder|||||Quantity|
||||on %||Conditional|the shares||
||||||held|||
|Guangdong Yudean Group Co., Ltd.||State-owned legalperson|67.39%|2,948,297,867|1,577,825,387|||
|Shenzhen Guangfa Electric PowerInvestment Co., Ltd.||State-owned legalperson|2.33%|101,777,185||||
|Guangdong Electric Power DevelopmentCompany||State-owned legalperson|1.8%|78,639,451||||
|China Construction Bank－Penghua ValueAdvantage Stock-linkedSecurity Investment Fund||Domestic nonState-ownedLegal person|0.74%|32,242,039||||
|GUOTAIJUNANSECURITIES(HONGKONG) LIMITED||Overseas legalperson|0.41%|17,938,850||||
|BBH A/C VANGUARD EMERGINGMARKETS STOCK INDEX FUND||Overseas legalperson|0.3%|13,330,537||||
|CHINA INT'L CAPITAL CORP HONGKONG SECURITIES LTD||Overseas legalperson|0.28%|12,460,110||||
|GOLDEN CHINA MASTER FUND||Overseas legalperson|0.26%|11,279,415||||
|Chaokang Investment Co., Ltd||Overseas legalperson|0.22%|9,713,897||||

||||||||
|-|-|-|-|-|-|-|
|Minsheng Bank - China Yinhua Shenzhen100 index securities investment fund|Domestic nonState-ownedLegal person|0.18%||8,036,950|||
|Shareholding of top 10 shareholders of unrestricted shares|||||||
||||Quantity of unrestricted shares||Share type||
|Name of the shareholder|||held at the end of the reporting||||
||||||Share type|Quantity|
||||period||||
|Guangdong Yudean Group Co., Ltd.|||1,370,472,480||RMB Common||
||||||shares||
|Shenzhen Guangfa Electric Power Investment Co., Ltd.|||101,777,185||RMB Common||
||||||shares||
|Guangdong Electric Power Development Company|||78,639,451||RMB Common||
||||||shares||
|China Construction Bank－Penghua Value Advantage Stock-linkedSecurity Investment Fund|||32,242,039||RMB Common||
||||||shares||
|GUOTAIJUNAN SECURITIES(HONGKONG) LIMITED|||17,938,850||Foreign shares||
||||||placed in domestic||
||||||exchange||
|BBH A/C VANGUARD EMERGING MARKETS STOCK INDEXFUND|||13,330,537||Foreign shares||
||||||placed in domestic||
||||||exchange||
|CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD|||12,460,110||Foreign shares||
||||||placed in domestic||
||||||exchange||
|GOLDEN CHINA MASTER FUND|||11,279,415||Foreign shares||
||||||placed in domestic||
||||||exchange||
|Chaokang Investment Co., Ltd|||9,713,897||Foreign shares||
||||||placed in domestic||
||||||exchange||
|Minsheng Bank - China Yinhua Shenzhen 100 index securitiesinvestment fund|||8,036,950||RMB Common||
||||||shares||
||||Guangdong Electric Power Development Co., Ltd. And||||
|Explanation on associated relationship among the aforesaid|||Chaokang Investment Co., Ltd are subsidiaries of Yudean||||
|shareholders|||Group, Which is the No.1shareholder; its is unknown whether||||
||||relationship exists between other shareholders..||||

III. Significant Events
1. Particular about large-margin change of main accounting statement item and financial index and its reason. (1). Net profit increased by48.09% year on year mainly due to the main consumption rose and fall of fuel price.
2．The commitments of the Company and its shareholders holding over5% of theCompany’s total shares in the report year of extending to the report year from previous year.
√□applicable□not applicable
|||||||
|-|-|-|-|-|-|
||||Time of|Period||
||Commitment||making|of|Fulfillme|
|Commitment||Contents||||
||maker||commitme|commit|nt|
||||nt|ment||
|Commitment onshare reform|Guangdong|Accordance with the relevant policies and regulations, and ap||||
||||||Under|
||Yudean|proved by the relevant authorities, after the share holding stru|November|Long-ter||
||||||fulfillme|
||Group Co.,|cture reform of Yue Dian Li, they will actively promote the|7, 2005|m||
||||||nt|
||Ltd.|management equity incentive.||||
|Commitment in theacquisition report orthe report on equitychanges||||||
|Commitment madeupon the assetsreplacement||①Yue Dian Li is the only platform of listing for integration||||
|||of power generation assets in Yudean Group.||||
|||② After the completion of this reorganization, it is||||
|||unsuitable to inject the remaining power generation assets in||||
|||China controlled by Yudean Group due to various problems||||
|||including imperfectness of procedures of examination and||||
||Guangdong|approval, status of profit making, provisions of cooperation||||
||||||Under|
||Yudean|agreement and use of land, except Yue Dian Li and the|November|||
|||||5 years|fulfillme|
||Group Co.,|power generation assets controlled by it. According to the|3, 2011|||
||||||nt|
||Ltd.|status of solution of the above-mentioned problems, Yudean||||
|||Group will gradually inject the assets qualified for listing||||
|||into Yue Dian Li through assets merger and acquisition or||||
|||reorganization in the next 5 years and finally realize the||||
|||overall listing of its power generation assets in China.||||
|||③ During the injection of power generation assets into Yue||||
|||Dian Li, Yudean Group will first support Yue Dian Li in||||
|||respect of power supply project development, capital||||

||||
|-|-|-|
|||operation, assets merger and acquisition, etc.|
|||④Yudean Group will continue to fulfill all commitments of|
|||supporting the development of Yue Dian Li that were made|
|||by it before.|
|Commitments madeupon issuance|||
|Other commitmentsmade to minorityshareholders|||
|Executed timely or|||
||Yes||
|not?|||

3．Prediction of Business performance for January- June 2014.
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
4. Securities investment
√applicable□ not applicable
Unit: RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||||Number|||||Gain.loss ofthereporting period(RMB)|||
||||||Shareho||Shareho|||||
|||||of||Number||||||
||||||lding||lding|Book||||
|||||shares||of||||||
||||||proporti||proporti|balance||||
||||Initial|held at||shares||||||
||||||on at the||on at the|at the||||
|||Stock|investm|the||held at||||Account|Sauce|
|Security|Stock||||beginnin||end of|end of||||
|||Abbreviat|ent|beginnin||the end||||ing|of the|
|category|Code||||g of the||the|the||||
|||ion|cost(RM|g of the||of the||||items|shares|
||||||reportin||reportin|reportin||||
||||B)|reportin||reportin||||||
||||||g||g|g period||||
|||||g||g period||||||
||||||period(||period(|(RMB)||||
|||||period(s||(shares)||||||
||||||%)||%)|||||
|||||hares)||||||||
||||||||||0.00|Financial||
|||Shen||||||||||
||||15,890,62|||||47,712,00||assets a||
|Stock|000027|Energy||8,400,000|0.32%|8,400,000|0.32%||||Initiated|
||||8.00|||||0.00||vailable f||
|||A||||||||||
|||||||||||or sale||
|Stock|600642|SHENER|235,837,9|55,532,25|1.22%|55,532,25|1.22%|245,452,5|0.00|Finan|Transfere|

||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||GY|87.50|0||0||45.00||cial|e|
||||||||||assets||
||||||||||avail||
||||||||||able||
||||||||||for||
||||||||||sale||
|||251,728,6|63,932,25||63,932,25||293,164,5|0.00|||
|Total||||--||--|||--|--|
|||15.50|0||0||45.00||||

5. The registration form of acceptance of investigation, communication and interview in the report period for future reference
|||||||
|-|-|-|-|-|-|
|Date|Place|Mode||Visitor|Content of discussion and materials provided|
||||Type|||
||||||The company's current production of operation|
||Office of the|Onsite||||
|March 7, 2014|||Organization|CICC|conditions and the situation of the construction|
||Company|investigation||||
||||||and development projects|

IV.
Financial statement
一、 Financial statement
1. Consolidated Balance sheet
Preparedby：Guangdong Electric Power Development Co., Ltd. Unit：RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|4,062,799,603.00|4,377,311,176.00|
|Settlement provision|||
|Outgoing call loan|||
|Trading financial assets|||
|Bill receivable||1,800,000.00|
|Account receivable|3,310,397,911.00|3,266,445,752.00|
|Prepayments|1,424,046,240.00|1,497,883,626.00|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance|||
|contracts receivable|||
|Interest receivable|5,842,336.00|5,788,038.00|
|Dividend receivable|||
|Other account receivable|194,009,649.00|327,650,307.00|
|Repurchasing of financial assets|||
|Inventories|1,808,865,508.00|1,603,646,410.00|
|Non-current asset due in 1 year|||
|Other current asset|845,770,568.00|1,057,135,500.00|
|Total of current assets|11,651,731,815.00|12,137,660,809.00|
|Non-current assets：|||
|Loans and payment on other’s|||
|behalf disbursed|||
|Disposable financial asset|293,164,545.00|298,871,738.00|
|Expired investment in possess|||
|Long-term receivable|115,705,409.00|114,478,124.00|
|Long term share equity investment|7,176,955,905.00|7,025,016,544.00|

||||
|-|-|-|
|Property investment|10,680,130.00|10,839,031.00|
|Fixed assets|40,722,844,575.00|41,524,036,240.00|
|Construction in progress|4,241,716,965.00|3,883,361,454.00|
|Engineering material|2,181,432.00|2,229,432.00|
|Fixed asset disposal|3,237,751.00|2,588,660.00|
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|1,194,906,758.00|1,201,873,048.00|
|R & D petrol|||
|Goodwill|2,449,886.00|2,449,886.00|
|Long-germ expenses to be|||
||290,331.00|324,905.00|
|amortized|||
|Differed income tax asset|48,468,411.00|47,041,613.00|
|Other non-current asset|1,670,121,507.00|1,667,947,551.00|
|Total of non-current assets|55,482,723,605.00|55,781,058,226.00|
|Total of assets|67,134,455,420.00|67,918,719,035.00|
|Current liabilities|||
|Short-term loans|7,521,795,553.00|9,361,000,000.00|
|Loan from Central Bank|||
|Deposit received and hold for|||
|others|||
|Call loan received|||
|Trade off financial liabilities|||
|Bill payable|1,271,962,216.00|1,523,123,018.00|
|Account payable|3,354,852,171.00|2,743,864,659.00|
|Advance payment|1,406,908.00|1,084,177.00|
|Selling of repurchased financial|||
|assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|210,295,414.00|162,241,634.00|
|Tax payable|670,482,409.00|797,347,744.00|
|Interest payable|111,945,012.00|188,370,219.00|
|Dividend payable|100,058,757.00|12,558,757.00|
|Other account payable|3,014,224,671.00|3,430,874,713.00|
|Reinsurance fee payable|||

||||
|-|-|-|
|Insurance contract provision|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||
|Non-current liability due in 1 year|1,464,549,444.00|2,090,742,188.00|
|Other current liability||1,348,750,493.00|
|Total of current liability|17,721,572,555.00|21,659,957,602.00|
|Non-current liabilities：|||
|Long-term loan|18,008,293,561.00|15,272,003,561.00|
|Bond payable|3,191,669,563.00|3,190,970,481.00|
|Long-term payable|1,738,571,021.00|2,088,355,894.00|
|Special payable|10,337,737.00|10,779,740.00|
|Expected liabilities|||
|Differed income tax liability|12,032,930.00|12,303,165.00|
|Other non-current liabilities|88,544,499.00|91,677,740.00|
|Differed income|23,049,449,311.00|20,666,090,581.00|
|Total of liability|40,771,021,866.00|42,326,048,183.00|
|Owners’ equity|||
|Share capital|4,375,236,655.00|4,375,236,655.00|
|Capital reserves|5,040,438,332.00|5,044,718,726.00|
|Less：Shares in stock|||
|Special reserves|||
|Surplus reserves|4,203,571,276.00|4,203,571,276.00|
|Common risk provision|||
|Undistributed profit|6,019,155,929.00|5,431,387,393.00|
|Different of foreign currency|||
|translation|||
|Total of owner’s equity belong to|||
||19,638,402,192.00|19,054,914,050.00|
|the parent company|||
|Minority shareholders’ equity|6,725,031,362.00|6,537,756,802.00|
|Total of owners’ equity|26,363,433,554.00|25,592,670,852.00|
|Total of liabilities and owners’|||
||67,134,455,420.00|67,918,719,035.00|
|equity|||

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the
accountingorgan：Qin Jingdong
2. Balance sheet of the Parent Company Unit：RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|201,720,364.00|296,476,854.00|
|Trading financial assets|||
|Bill receivable|||
|Account receivable|257,787,369.00|252,615,520.00|
|Prepayments|180,801,030.00|183,758,605.00|
|Interest receivable|688,755.00|1,543,756.00|
|Dividend receivable|236,655,096.00|9,155,096.00|
|Other account receivable|113,986,077.00|111,309,157.00|
|Inventories|162,933,183.00|148,348,001.00|
|Non-current asset due in 1 year|||
|Other current asset|85,145,999.00|85,145,999.00|
|Total of current assets|1,239,717,873.00|1,088,352,988.00|
|Non-current assets：|||
|Disposable financial asset|293,164,545.00|298,871,738.00|
|Expired investment in possess|||
|Long-term receivable|250,000,000.00|500,000,000.00|
|Long term share equity investment|21,738,587,286.00|21,316,647,925.00|
|Property investment|10,680,130.00|10,839,031.00|
|Fixed assets|1,188,139,178.00|1,224,223,876.00|
|Construction in progress|159,066,368.00|89,192,352.00|
|Engineering material|||
|Fixed asset disposal|2,160,261.00|1,976,080.00|
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|102,197,419.00|102,887,809.00|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be|||
|amortized|||
|Differed income tax asset|2,010,566.00|583,768.00|
|Other non-current asset||270,000,000.00|

||||
|-|-|-|
|Total of non-current assets|23,746,005,753.00|23,815,222,579.00|
|Total of assets|24,985,723,626.00|24,903,575,567.00|
|Current liabilities|||
|Short-term loans|1,600,000,000.00|1,400,000,000.00|
|Trade off financial liabilities|||
|Bill payable|486,713,816.00|137,874,618.00|
|Account payable|258,149,925.00|320,001,507.00|
|Advance payment|||
|Employees’ wage payable|35,118,221.00|35,715,896.00|
|Tax payable|21,106,383.00|20,225,274.00|
|Interest payable|29,530,313.00|153,688,714.00|
|Dividend payable|7,629,090.00|7,629,090.00|
|Other account payable|227,139,223.00|202,749,305.00|
|Non-current liability due in 1 year|79,000,000.00|89,000,000.00|
|Other current liability||623,885,333.00|
|Total of current liability|2,744,386,971.00|2,990,769,737.00|
|Non-current liabilities：|||
|Long-term loan|1,500,000,000.00|1,500,000,000.00|
|Bond payable|3,191,669,563.00|3,190,970,481.00|
|Long-term payable|||
|Special payable|||
|Expected liabilities|||
|Differed income tax liability||0.00|
|Other non-current liabilities|28,010,002.00|27,885,554.00|
|Total of Non-current liabilities|4,719,679,565.00|4,718,856,035.00|
|Total of liability|7,464,066,536.00|7,709,625,772.00|
|Owners’ equity|||
|Share capital|4,375,236,655.00|4,375,236,655.00|
|Capital reserves|5,649,144,254.00|5,653,424,648.00|
|Less：Shares in stock|||
|Special reserves|||
|Surplus reserves|4,203,571,276.00|4,203,571,276.00|
|Undistributed profit|3,293,704,905.00|2,961,717,216.00|
|Different of foreign currency|||

||||
|-|-|-|
|translation|||
|Total of owners’ equity|17,521,657,090.00|17,193,949,795.00|
|Total of liabilities and owners’|||
||24,985,723,626.00|24,903,575,567.00|
|equity|||

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the accountingorgan：Qin Jingdong
3.
Consolidated Profit statement Unit：RMB
||||
|-|-|-|
|Items|Report period|Same period of the previous year|
|I. Income from the key business|7,010,362,960.00|6,418,273,058.00|
|Incl：Business income|7,010,362,960.00|6,418,273,058.00|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|6,004,797,388.00|5,764,192,077.00|
|Incl：Business cost|5,363,797,897.00|5,042,176,688.00|
|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|34,399,075.00|24,573,354.00|
|Sales expense|626,481.00|1,025,856.00|
|Administrative expense|164,605,460.00|184,263,481.00|
|Financial expenses|441,368,475.00|503,402,698.00|
|Asset impairment loss||8,750,000.00|
|Add：Gains from change of fir|||
|value （“-”for loss）|||
|Investment gain（“-”for loss）|139,437,444.00|132,329,994.00|
|Incl: investment gains from|||
|affiliates|||
|Gains from currency exchange|||
|（“-”for loss）|||

||||
|-|-|-|
|III. Operational profit（“-”for loss|1,145,003,016.00|786,410,975.00|
|Add：Non-business income|8,248,915.00|15,391,290.00|
|Less：Non business expenses|23,550,535.00|299,168.00|
|Incl：Loss from disposal of|||
|non-current assets|||
|IV.Total profit(“-”for loss)|1,129,701,396.00|801,503,097.00|
|Less：Income tax expenses|262,158,300.00|180,791,196.00|
|V. Net profit（“-”for net loss|867,543,096.00|620,711,901.00|
|Including: Net profit realized by|||
|the entity taken over before the|||
|takeover|||
|Net profit attributable to the|||
||587,768,536.00|396,912,594.00|
|owners of parent company|||
|Minority shareholders’ equity|279,774,560.00|223,799,307.00|
|VI. Earnings per share：|--|--|
|（I）Basic earnings per share|0.134|0.091|
|(II)Diluted earnings per share|0.134|0.091|
|VII. Other comprehensive income|-4,280,394.00|2,915,443.00|
|VIII. Total comprehensive income|863,262,702.00|623,627,344.00|
|Total comprehensive income|||
|attributable to the owner of the|583,488,142.00|399,828,037.00|
|parent company|||
|Total comprehensive income|||
||279,774,560.00|223,799,307.00|
|attributable minority shareholders|||

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the accountingorgan：Qin Jingdong
4.
Profit statement of the
Parent Company Unit：RMB
||||
|-|-|-|
|Items|Report period|Same period of the previous year|
|I. Income from the key business|529,056,568.00|682,072,901.00|
|Incl：Business cost|566,927,678.00|699,167,320.00|
|Business tax and surcharge|4,293,676.00|4,178,881.00|
|Sales expense|14,200.00|92,611.00|
|Administrative expense|32,752,232.00|31,690,580.00|
|Financial expenses|97,832,514.00|89,707,349.00|
|Asset impairment loss|||

||||
|-|-|-|
|Add：Gains from change of fir|||
|value （“-”for loss）|||
|Investment gain（“-”for loss）|371,698,035.00|132,379,994.00|
|Incl: investment gains from|||
|affiliates|||
|II. Operational profit（“-”for loss|333,826,925.00|115,285,575.00|
|Add：Non-business income|1,565,325.00|61,731.00|
|Less：Non business expenses|3,404,561.00|28,119.00|
|Incl：Loss from disposal of|||
|non-current assets|||
|III.Total profit(“-”for loss)|331,987,689.00|115,319,187.00|
|Less：Income tax expenses|||
|IV. Net profit（“-”for net loss）|331,987,689.00|115,319,187.00|
|V. Earnings per share：|--|--|
|（I）Basic earnings per share||0|
|(II)Diluted earnings per share||0|
|VI. Other comprehensive income|-4,280,394.00|2,915,443.00|
|VII. Total comprehensive income|327,707,295.00|118,234,630.00|

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the accountingorgan：Qin Jingdong
5.
Consolidated Cash flow statement
Unit：RMB
||||
|-|-|-|
|Items|Report period|Same period of the previous year|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||8,208,649,887.00|7,300,481,021.00|
|rending of services|||
|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|4,648,445.00|6,577,956.00|
|Other cash received from business|||
||69,733,058.00|158,001,360.00|
|operation|||
|Sub-total of cash inflow|8,283,031,390.00|7,465,060,337.00|
|Cash paid for purchasing of|||
||4,513,963,997.00|4,266,402,141.00|
|merchandise and services|||
|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|373,861,475.00|339,933,610.00|
|Taxes paid|786,487,279.00|519,614,446.00|
|Other cash paid for business|||
||139,549,343.00|183,752,997.00|
|activities|||
|Sub-total of cash outflow from|||
||5,813,862,094.00|5,309,703,194.00|
|business activities|||
|Cash flow generated by business|||
||2,469,169,296.00|2,155,357,143.00|
|operation, net|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
||95,000,000.00||
|retrieving|||
|Cash received as investment gains|1,197,000.00|16,101,227.00|
|Net cash retrieved from disposal of|||
|fixed assets, intangible assets, and other|||
|long-term assets|||

||||
|-|-|-|
|Net cash received from disposal of|||
|subsidiaries or other operational units|||
|Net cash received from disposal of|||
|||424,524,945.00|
|subsidiaries or other operational units|||
|Sub-total of cash inflow due to|||
||96,197,000.00|440,626,172.00|
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets and other|880,197,911.00|656,004,884.00|
|long-term assets|||
|Cash paid as investment|12,786,100.00|24,000,000.00|
|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|||
||892,984,011.00|680,004,884.00|
|investment activities|||
|Net cash flow generated by investment|-796,787,011.00|-239,378,712.00|
|III.Cash flow generated by financing|||
|Cash received as investment|30,000,000.00|42,000,000.00|
|Incl: Cash received as investment|||
|from minor shareholders|||
|Cash received as loans|6,534,085,552.00|7,037,270,000.00|
|Cash received from bond placing|||
|Other financing –related ash received|||
|Sub-total of cash inflow from|||
||6,564,085,552.00|7,079,270,000.00|
|financing activities|||
|Cash to repay debts|7,896,890,579.00|6,113,055,056.00|
|Cash paid as dividend, profit, or|||
||653,637,307.00|683,612,397.00|
|interests|||
|Incl: Dividend and profit paid by|||
|subsidiaries to minor shareholders|||
|Other cash paid for financing activities|451,524.00|-1.00|
|Sub-total of cash outflow due to|||
||8,550,979,410.00|6,796,667,452.00|
|financing activities|||
|Net cash flow generated by financing|-1,986,893,858.00|282,602,548.00|
|IV. Influence of exchange rate|||

||||
|-|-|-|
|alternation on cash and cash equivalents|||
|V.Net increase of cash and cash|||
||-314,511,573.00|2,198,580,979.00|
|equivalents|||
|Add: balance of cash and cash|||
||4,377,311,176.00|2,870,764,537.00|
|equivalents at the beginning of term|||
|VI.Balance of cash and cash equivalents|||
||4,062,799,603.00|5,069,345,516.00|
|at the end of term|||

Legal representative：Pan Li Person-in-charge of the accountingwork：Li Xiaoqing Person-in -charge of the accountingorgan：Qin Jingdong
6.
Cash flow statement of the
Parent Company
Unit：RMB
||||
|-|-|-|
|Items|Report period|Same period of the previous year|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||615,900,936.00|741,437,793.00|
|rending of services|||
|Tax returned|||
|Other cash received from business|||
||9,405,959.00|24,600,574.00|
|operation|||
|Sub-total of cash inflow|625,306,895.00|766,038,367.00|
|Cash paid for purchasing of|||
||106,827,393.00|473,438,991.00|
|merchandise and services|||
|Cash paid to staffs or paid for staffs|86,813,682.00|90,387,551.00|
|Taxes paid|48,958,620.00|29,115,300.00|
|Other cash paid for business|||
||18,597,782.00|24,468,100.00|
|activities|||
|Sub-total of cash outflow from|||
||261,197,477.00|617,409,942.00|
|business activities|||
|Cash flow generated by business|||
||364,109,418.00|148,628,425.00|
|operation, net|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
||345,000,000.00||
|retrieving|||
|Cash received as investment gains|6,130,399.00|16,101,227.00|
|Net cash retrieved from disposal of|||
|fixed assets, intangible assets, and other|||
|long-term assets|||
|Net cash received from disposal of|||

||||
|-|-|-|
|subsidiaries or other operational units|||
|Other cash receivable for investment|||
||1.00|422,469,978.00|
|activities|||
|Sub-total of cash inflow due to|||
||351,130,400.00|438,571,205.00|
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets and other|41,248,413.00|50,799,314.00|
|long-term assets|||
|Cash paid as investment|112,706,100.00|300,000,000.00|
|Net cash received from subsidiaries and|||
|other operational units|||
|Other cash paid for investment|||
|activities|||
|Sub-total of cash outflow due to|||
||153,954,513.00|350,799,314.00|
|investment activities|||
|Net cash flow generated by investment|197,175,887.00|87,771,891.00|
|III.Cash flow generated by financing|||
|Cash received as loans|||
|Cash received from bond placing|950,000,000.00|2,247,900,000.00|
|Other financing –related ash received|||
|Sub-total of cash inflow from|||
|financing activities|||
|Cash to repay debts|950,000,000.00|2,247,900,000.00|
|Cash paid as dividend, profit, or|||
||1,360,000,000.00|1,514,100,700.00|
|interests|||
|Other cash paid for financing activities|245,727,053.00|169,454,088.00|
|Sub-total of cash outflow due to|||
||314,742.00||
|financing activities|||
|Net cash flow generated by financing|1,606,041,795.00|1,683,554,788.00|
|IV. Influence of exchange rate|||
||-656,041,795.00|564,345,212.00|
|alternation on cash and cash equivalents|||
|V.Net increase of cash and cash|||
|equivalents|||
|Add: balance of cash and cash|||
||-94,756,490.00|800,745,528.00|
|equivalents at the beginning of term|||
|VI.Balance of cash and cash equivalents|||
||296,476,854.00|373,626,540.00|
|at the end of term|||

|||
|-|-|
|201,720,364.00|1,174,372,068.00|

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