TigerResearch/tigerbot-earning-plugin huggingface dataset:
(5) Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
(6) Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the financial statements and bear all liability for the opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit matters, including any significant deficiencies in internal control that we identify during our audit.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
Yong Tuo Certified Public
Accountants Co., Ltd.(Special General Partnership)
CPA:
Shi Shaoyu
(Project partner) :
CPA:Huang Zhiyan
Beijing China March 20,2023
II. Financial statements
Currency unit for the statements in the notes to these financial statements: RMB
1. Consolidated balance sheet
Prepared by: Guangdong Provincial Expressway Development Co., Ltd.
December 31,2022
Items December 31, 2022 January 1, 2022
Current asset:
Monetary fund 4,290,581,490.78 2,956,404,390.55 Settlement provision
Outgoing call loan
Transactional financial assets Derivative financial assets Notes receivable
Account receivable 108,368,797.56 159,053,399.87 Financing of receivables
Prepayments 7,785,192.95 5,227,647.09 Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
Other account receivable 34,456,244.64 13,761,124.23 Including:Interest receivable
Dividend receivable 1,205,472.90 1,205,472.90
Repurchasing of financial assets
Inventories 640,079.66 Contract assets 5,286,462.45 Assets held for sales
Non-current asset due within 1 year 2,782,974.53 Other current asset 2,042,395.28 21,213.96 Total of current assets 4,443,234,121.21 3,143,177,292.34 Non-current assets:
Loans and payment on other’s behalf
disbursed
Creditor's right investment
Other creditor's right investment Long-term receivable
Long term share equity investment 2,923,368,667.84 2,627,130,681.24 Other equity instruments investment 1,557,303,730.98 1,577,175,826.05 Other non-current financial assets 101,400,000.00
Property investment 2,668,144.93 2,889,263.41 Fixed assets 10,098,252,638.07 10,639,272,192.02 Construction in progress 753,565,502.12 351,130,455.06 Production physical assets
Oil & gas assets
Use right assets 4,077,555.43 14,100,325.01 Intangible assets 246,772,471.44 268,504,176.43 Development expenses
Long-germ expenses to be amortized 2,103,750.00 Deferred income tax asset 128,179,543.02 225,243,885.27 Other non-current asset 8,374,778.84 25,038,952.48 Total of non-current assets 15,823,963,032.67 15,732,589,506.97 Total of assets 20,267,197,153.88 18,875,766,799.31 Current liabilities
Short-term loans 430,387,597.20 Loan from Central Bank
Borrowing funds
Transactional financial liabilities Derivative financial liabilities Notes payable
Account payable 197,788,782.77 264,487,139.44 Advance receipts 2,718,756.97 10,660,208.51 Contract liabilities 22,000.00 Selling of repurchased financial assets
Deposit taking and interbank deposit Entrusted trading of securities
Entrusted selling of securities
Employees’wage payable 20,660,328.60 19,213,631.91 Tax payable 72,307,773.41 164,612,512.99 Other account payable 191,167,560.23 177,970,483.76 Including:Interest payable
Dividend payable 59,994,517.46 22,941,943.24 Fees and commissions payable
Reinsurance fee payable Liabilities held for sales
Non-current liability due within 1 year 117,011,466.96 525,644,368.26 Other current liability 500,723,556.23 726,336.48 Total of current liability 1,532,765,822.37 1,163,336,681.35 Non-current liabilities:
Reserve fund for insurance contracts
Long-term loan 5,566,595,350.00 4,572,621,200.00 Bond payable 1,428,381,232.94 1,427,434,086.58 Including:preferred stock
Sustainable debt
Lease liability 150,984.47 2,773,459.76 Long-term payable 2,517,493.12 3,461,832.74 Long-term remuneration payable to staff
Expected liabilities
Deferred income 61,082,981.63 69,228,093.11 Deferred income tax liability 306,806,527.72 315,922,287.64 Other non-current liabilities
Total non-current liabilities 7,365,534,569.88 6,391,440,959.83 Total of liability 8,898,300,392.25 7,554,777,641.18 Owners’equity
Share capital 2,090,806,126.00 2,090,806,126.00 Other equity instruments
Including:preferred stock Sustainable debt
Capital reserves 743,133,557.03 713,460,518.49 Less:Shares in stock
Other comprehensive income 170,633,656.67 192,177,466.34 Special reserve
Surplus reserves 1,373,056,469.02 1,225,375,330.56 Common risk provision
Retained profit 4,698,247,435.40 4,760,618,543.78 Total of owner’s equity belong to the
parent company
9,075,877,244.12 8,982,437,985.17
Minority shareholders’equity 2,293,019,517.51 2,338,551,172.96 Total of owners’equity 11,368,896,761.63 11,320,989,158.13 Total of liabilities and owners’equity 20,267,197,153.88 18,875,766,799.31
Legal Representative:Miao Deshan GeneralManager:Wang Chunhua
Person in charge of accounting:LuMing Accounting Dept Leader: Zhou Fang
2.Parent Company Balance Sheet
Items December 31, 2022 January 1,2022
Monetary fund 1,813,035,761.84 1,860,836,127.30 Transactional financial assets
Derivative financial assets Notes receivable
Account receivable 23,817,016.30 24,208,692.49 Financing of receivables
Prepayments 5,515,813.54 4,311,419.00 Other account receivable 1,542,022,671.18 6,885,982.60
Including:Interest receivable
Dividend receivable 36,905,472.90 1,205,472.90 Inventories
Contract assets
Assets held for sales
Non-current asset due within 1 year 278,562,652.27 Other current asset 111,143.99 11,067.41 Total of current assets 3,384,502,406.85 2,174,815,941.07 Non-current assets:
Long term share equity investment 6,096,479,269.50 5,792,610,802.46 Other equity instruments investment 1,557,303,730.98 1,577,175,826.05 Other non-current financial assets
Property investment 2,416,006.68 2,637,125.16 Fixed assets 5,299,569,148.92 5,707,608,552.14 Construction in progress 152,388,974.47 43,594,243.12 Production physical assets
Use right assets 3,069,576.00 12,611,748.50 Intangible assets 132,991,895.23 140,756,147.03 Development expenses
Long-germ expenses to be amortized
Deferred income tax asset 122,968,519.19 218,624,401.07 Other non-current asset 14,434,283.48 Total of non-current assets 13,367,187,120.97 13,510,053,129.01 Total of assets 16,751,689,527.82 15,684,869,070.08 Current liabilities
Short-term loans
Account payable 94,446,623.15 105,685,908.27 Advance receipts 250,984.75 250,984.75 Contract Liabilities
Employees’wage payable 8,103,399.09 6,825,973.81 Tax payable 4,643,917.73 7,330,856.79 Other account payable 362,996,135.95 690,062,820.89 Including:Interest payable
Dividend payable 25,694,517.46 22,941,943.24 Liabilities held for sales
Non-current liability due within 1 year 116,904,509.53 456,996,690.91 Other current liability 33,596.70 37,299.97
Total of current liability 587,379,166.90 1,267,190,535.39 Non-current liabilities:
Long-term loan 5,552,070,350.00 4,058,096,200.00 Bond payable 1,428,381,232.94 1,427,434,086.58 Including:preferred stock
Lease liability 2,445,724.58 Long-term payable 2,517,493.12 3,461,832.74 Long-term remuneration payable to staff
Deferred income 6,838,432.16 10,120,879.64 Deferred income tax liability 61,217,804.42 66,399,854.20 Other non-current liabilities
Total non-current liabilities 7,051,025,312.64 5,567,958,577.74 Total of liability 7,638,404,479.54 6,835,149,113.13 Owners’equity
Capital reserves 934,908,293.69 934,851,285.51 Less:Shares in stock
Surplus reserves 1,193,084,201.46 1,045,403,063.00 Retained profit 4,723,852,770.46 4,586,482,016.10 Total of owners’equity 9,113,285,048.28 8,849,719,956.95 Total of liabilities and owners’equity 16,751,689,527.82 15,684,869,070.08
3.Consolidated Income statement
Items 2022 2021
I. Income from the key business 4,168,634,113.98 5,288,057,677.93 Incl:Business income 4,168,634,113.98 5,288,057,677.93 Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 2,005,705,864.79 2,414,254,320.96 Incl:Business cost 1,586,349,035.48 1,929,512,025.56 Interest expense
Fee and commission paid
Insurance discharge payment Net claim amount paid
Net amount of withdrawal of insurance contract
Items 2022 2021 reserve
Insurance policy dividend paid Reinsurance expenses
Business tax and surcharge 22,267,823.63 26,151,601.45 Sales expense
Administrative expense 191,426,081.46 223,605,442.46
R & D costs 14,591,773.12 13,270,938.73 Financial expenses 191,071,151.10 221,714,312.76 Including:Interest expense 238,444,227.57 282,653,629.93
Interest income 47,404,858.97 64,220,887.86
Add: Other income 13,727,651.88 17,600,355.16 Investment gain(“-”for loss)254,956,789.70 277,061,254.36 Incl: investment gains from affiliates 194,171,768.63 227,004,893.87 Financial assets measured at amortized cost cease
to be recognized as income
Gains from currency exchange Net exposure hedging income
Changing income of fair value 10,400,000.00
Credit impairment loss -98,397,398.38 -1,935,337.47 Impairment loss of assets -2,889,394.16 Assets disposal income 478,663.58 3,017,370.44
III. Operational profit(“-”for loss)2,344,093,955.97 3,166,657,605.30 Add :Non-operational income 10,048,941.28 17,975,495.18 Less: Non-operating expense 12,263,294.52 22,483,385.64
IV. Total profit(“-”for loss) 2,341,879,602.73 3,162,149,714.84 Less:Income tax expenses 547,291,352.09 735,365,014.56 V. Net profit 1,794,588,250.64 2,426,784,700.28(I) Classification by business continuity
1.Net continuing operating profit 1,794,588,250.64 2,426,784,700.28
2.Termination of operating net profit(II) Classification by ownership
1.Net profit attributable to the owners of parent company
1,277,069,521.90 1,700,406,981.99
2.Minority shareholders’equity 517,518,728.74 726,377,718.29 VI. Net after-tax of other comprehensive income -21,543,809.67 -110,718,411.31
Net of profit of other comprehensive income attribut able to owners of the parent company.
-21,543,809.67 -110,718,411.31
(I)Other comprehensive income items that will
not be reclassified into gains/losses in the subsequent accounting period
-14,349,348.86 -120,434,499.12
1.Re-
measurement of defined benefit plans of changes in n
Items 2022 2021 et debt or net assets
2.Other comprehensive income under the equity met hod investee can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity instruments
4. Changes in the fair value of the company’s credit risks
5.Other(II)
Other comprehensive income that will be reclassified into profit or loss.
-7,194,460.81 9,716,087.81
1.Other comprehensive income under the equity met hod investee can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt obligations
3. Other comprehensive income arising from the reclassification of financial assets
4.Allowance for credit impairments in investments in other debt obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statem ents
7.Other
Net of profit of other comprehensive income attribut able toMinority shareholders’equity
VII. Total comprehensive income 1,773,044,440.97 2,316,066,288.97 Total comprehensive income attributable to the
owner of the parent company
1,255,525,712.23 1,589,688,570.68
Total comprehensive income attributable minority shareholders
517,518,728.74 726,377,718.29
VIII. Earnings per share
(I)Basic earnings per share 0.61 0.81(II)Diluted earnings per share 0.61 0.81
The current business combination under common control, the net profits of the combined party before achieved net profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal Representative:Miao Deshan GeneralManager:Wang Chunhua, ,
4. Income statement of the Parent Company
I. Income from the key business 1,310,779,669.18 1,469,364,434.37 Incl:Business cost 589,634,400.70 718,634,183.97 Business tax and surcharge 7,388,300.22 8,211,382.64
Sales expense
Administrative expense 115,967,177.07 117,865,388.31 R & D expense 11,081,898.00 6,788,937.00 Financial expenses 191,962,721.38 235,894,975.56 Including:Interest expenses 229,477,883.09 274,934,433.28 Interest income 37,446,280.48 39,948,340.40 Add:Other income 4,058,931.45 4,070,892.76 Investment gain(“-”for loss)1,173,330,227.52 1,316,869,007.46 Including: investment gains from affiliates 183,901,559.85 221,639,163.75 Financial assets measured at amortized cost cease to
be recognized as income
Net exposure hedging income Changing income of fair value
Credit impairment loss 93,582.00 Impairment loss of assets -2,889,394.16 Assets disposal income 478,663.58
II. Operational profit(“-”for loss)1,572,612,994.36 1,700,113,654.95 Add :Non-operational income 1,611,971.54 1,683,906.22 Less:Non -operational expenses 1,417,002.95 13,481,250.02 III. Total profit(“-”for loss) 1,572,807,962.95 1,688,316,311.15 Less:Income tax expenses 95,996,578.31 103,909,700.85 IV. Net profit 1,476,811,384.64 1,584,406,610.30
1.Net continuing operating profit 1,476,811,384.64 1,584,406,610.30
2.Termination of operating net profit
V. Net after-tax of other comprehensive income -21,543,809.67 -110,718,411.31(I)Other comprehensive income items that will
measurement of defined benefit plans of changes in n et debt or net assets
5.Other
(II)Other comprehensive income that will be reclassif ied into profit or loss
VI. Total comprehensive income 1,455,267,574.97 1,473,688,198.99 VII. Earnings per share
(I)Basic earnings per share(II)Diluted earnings per share
5. Consolidated Cash flow statement
I.Cash flows from operating activities
Cash received from sales of goods or rending of services
4,277,130,557.35 5,447,910,740.15
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
Cash received from interest,
commission charge and commission
Net increase of inter-bank fund received Net increase of repurchasing business
Net cash received by agent in securities trading
Tax returned
Other cash received from business operation
120,557,326.45 126,417,264.96
Sub-total of cash inflow 4,397,687,883.80 5,574,328,005.11 Cash paid for purchasing of merchandise
and services
342,864,874.07 417,377,507.94
Net increase of client trade and advance Net increase of savings in central bank and brother company
Cash paid for original contract claim
Net increase in financial assets held for trading purposes
Net increase for Outgoing call loan
Cash paid for interest, processing fee and commission
Cash paid to staffs or paid for staffs 479,860,302.18 490,684,230.89 Taxes paid 695,593,923.86 901,811,223.79 Other cash paid for business activities 127,342,225.31 94,710,321.33 Sub-total of cash outflow from business
1,645,661,325.42 1,904,583,283.95
Net cash generated from /used in operating activities
2,752,026,558.38 3,669,744,721.16
II. Cash flow generated by investing
Cash received from investment retrieving 45,000,000.00 Cash received as investment gains 168,700,001.50 174,741,274.88 Net cash retrieved from disposal of fixed
assets, intangible assets, and other long- term assets
805,831.00 4,787,323.86
Net cash received from disposal of
subsidiaries or other operational units
28,514,496.27
Other investment-related cash received
Sub-total of cash inflow due to investment activities
198,020,328.77 224,528,598.74
Cash paid for construction of fixed assets, intangible assets and other long-term assets
875,179,014.01 513,663,936.74
Cash paid as investment 321,341,000.00 134,650,000.00 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
investment activities
1,196,520,014.01 648,313,936.74
Net cash flow generated by investment -998,499,685.24 -423,785,338.00
III.Cash flow generated by financing Cash received as investment
Including: Cash received as investment from minor shareholders
Cash received as loans 2,320,000,000.00 2,124,930,000.00 Other financing –related cash received 557,350,200.00 140,145,195.50 Sub-total of cash inflow from financing
2,877,350,200.00 2,265,075,195.50
Cash to repay debts 1,294,413,150.00 2,503,707,200.00 Cash paid as dividend, profit, or interests 1,993,666,552.33 1,667,198,772.33 Including: Dividend and profit paid by
subsidiaries to minor shareholders
556,851,982.19 755,677,776.30
Other cash paid for financing activities 14,280,453.65 1,230,750,884.93 Sub-total of cash outflow due to financing
3,302,360,155.98 5,401,656,857.26
Net cash flow generated by financing -425,009,955.98 -3,136,581,661.76 IV. Influence of exchange rate alternation
on cash and cash equivalents
988,123.62 -371,334.74
V.Net increase of cash and cash equivalents
1,329,505,040.78 109,006,386.66
Add: balance of cash and cash equivalents at the beginning of term
2,955,183,190.55 2,846,176,803.89
VI ..Balance of cash and cash equivalents at the end of term
4,284,688,231.33 2,955,183,190.55
6. Cash Flow Statement of the Parent Company
1,347,316,010.13 1,512,002,307.36
47,431,112.11 139,579,001.22
Sub-total of cash inflow 1,394,747,122.24 1,651,581,308.58 Cash paid for purchasing of merchandise
74,042,300.65 85,431,635.37
Cash paid to staffs or paid for staffs 155,280,659.59 156,876,478.03 Taxes paid 49,667,582.04 55,685,419.35 Other cash paid for business activities 1,856,029,086.90 89,308,303.12 Sub-total of cash outflow from business
2,135,019,629.18 387,301,835.87
Net cash generated from /used in -740,272,506.94 1,264,279,472.71
operating activities
Cash received from investment retrieving 328,527,584.98 310,000,000.00 Cash received as investment gains 1,121,551,007.37 1,222,810,553.86 Net cash retrieved from disposal of fixed
566,983.00 1,359,500.00
subsidiaries or other operational units Other investment-related cash received Sub-total of cash inflow due to
1,450,645,575.35 1,534,170,053.86
155,607,960.52 145,749,738.08
Cash paid as investment 344,250,000.00 1,380,489,292.00 Net cash received from subsidiaries and
other operational units
499,857,960.52 1,526,239,030.08
Net cash flow generated by investment 950,787,614.83 7,931,023.78 III. Cash flow generated by financing
Cash received as investment
Cash received as loans 1,890,000,000.00 2,124,930,000.00 Other financing –related ash received
Sub-total of cash inflow from financing activities
1,890,000,000.00 2,124,930,000.00
Cash to repay debts 726,743,150.00 2,422,947,200.00 Cash paid as dividend, profit, or interests 1,408,387,271.32 886,140,438.61 Other cash paid for financing activities 14,173,175.65 8,609,914.93 Sub-total of cash outflow due to
financing activities
2,149,303,596.97 3,317,697,553.54
Net cash flow generated by financing -259,303,596.97 -1,192,767,553.54 IV. Influence of exchange rate alternation
-47,800,365.46 79,071,608.21
1,859,614,927.30 1,780,543,319.09
1,811,814,561.84 1,859,614,927.30
7. Consolidated Statement on Change in Owners’Equity Amount in this period
Owner’s equity Attributable to the Parent Company
shareholder s’equity
Total of owners’ equity
Share Capital
Other Equity instrument
Capital reserves
Less: Shar es in stoc k
Other Comprehe nsive Income
Speciali zed reserve
Surplus reserves
Com mon risk provis ion
Retained profit
Oth er
Prefer red stock
Sustain able debt
I.Balance at the end of last year
2,090,806,126.00
713,460,518.49
192,177,466.34
1,225,375,330.56
4,760,618,543.78
8,982,437,985.17
2,338,551,172.96
11,320,989,158.13
II.Balance at the
beginning of current year
III.Chang ed in the current year
29,673,038.54
21,543,809.67
147,681,138.46
62,371,108.
93,439,258.
45,531,655.
47,907,603.5
(1) Total
comprehe nsive income
1,277,069,521.90
1,255,525,712.23
517,518,728.74
1,773,044,44
(III) Profit
1,339,440,630.28
1,191,759,491.82
591,151,98
1,782,911,47
1.Providin 147,681,13 - g of
surplus reserves
8.46 147,681,13
8.46
3.Allot ment to the
owners(or
sharehold ers)
(VI) Other
29,673,038.
28,101,598.
57,774,636.5
Balance at the end of this term
743,133,557.03
170,633,656.67
1,373,056,469.02
4,698,247,435.40
9,075,877,244.12
2,293,019,517.51
11,368,896,761.63
IV. Balance at the end of this term
Special ized reserve
645,969,210.48
302,895,877.65
1,167,785,965.63
3,725,679,319.35
7,933,136,499.11
2,299,180,085.17
10,232,316,584.28
Chang e of accou nting policy
546,190.04 546,190.04 546,190.04
3,726,225,509.39
7,933,682,689.15
10,232,862,774.32
III.Change d in the current year
67,491,308.01
110,718,411.31
57,589,364.
1,034,393,034.39
1,048,755,296.02
39,371,087.
1,088,126,383.81
(1)Total comprehen
110,718,4
1,700,406,981.99
1,589,688,570.68
726,377,718.29
2,316,066,288.97
666,013,947.60
608,424,582.67
755,677,776.30
1,364,102,358.97
1.Providin g of
3.Allotm ent to the owners (or shareholder s)
67,491,308.
68,671,145.
136,162,453
8.Statement of change in owner’s Equity of the Parent Company Amount in this period
I n RMB
Share capital
Less: Share s in stock
Comprehensiv e Income
Specialize d reserve
Surplus reserves Retained profit
Othe r
Total of
owners’equity
Preferre d stock
Sustainabl e debt
2,090,806,126.0
934,851,285.5
192,177,466.3
1,045,403,063.0
4,586,482,016.1
8,849,719,956.9
II.Balance at the beginning of current
III.Changed in the current year
57,008.18
147,681,138.46 137,370,754.36 263,565,091.33
(I)Total
comprehensiv e income
1,476,811,384.6
1,455,267,574.9
(III)Profit allotment
1,339,440,630.2
1,191,759,491.8
1.Providing of surplus reserves
147,681,138.46 -147,681,138.46
2.Allotment to the owners(or
shareholders)
(VI)Other 57,008.18 57,008.18 IV. Balance
at the end of this term
934,908,293.6
170,633,656.6
1,193,084,201.4
4,723,852,770.4
9,113,285,048.2
Amount in last year
938,969,546.7
302,895,877.6
987,813,698.07
3,667,543,163.3
7,988,028,411.8
Add: Change of
accountin g policy
546,190.04 546,190.04
II.Balance at the beginning of current year
3,668,089,353.4
7,988,574,601.9
-4,118,261.28
110,718,411.3
57,589,364.93 918,392,662.70 861,145,355.04
comprehensive income
1,584,406,610.3
1,473,688,198.9
57,589,364.93
1.Providing of surplus
57,589,364.93 -57,589,364.93
3.Other
(VI)Other -4,118,261.28 -4,118,261.28 IV. Balance at
the end of this
III. Company Profile
1. Basic information of the IPO and share capital of the company
1.The Company was established in February 1993, which was originally named as Guangdong Fokai Expressway Co., Ltd. On June 30, 1993, it was renamed as Guangdong Provincial Expressway Development Co., Ltd. after reorganization pursuant to the approval of the Office of Joint Examination Group of Experimental Units of Share Holding System with YLSB (1993)No. 68 document. The share capital structure after reorganization is as follows:
Composition of state-owned shares: The appraised net value of state-owned assets of Guangdong Jiujiang Bridge Co. and Guangfo Expressway Co., Ltd. as of January 31, 1993 confirmed by Guangdong State-owned Asset Management Dept., i.e.,RMB 418.2136 million, was converted into 155.025 million shares. Guangdong Expressway Co. invested cash of RMB 115 million to subscribe for 35.9375 million shares. Other legal persons invested cash of RMB 286.992 million to subscribe for 89.685 million shares. Staff of the Company invested RMB 87.008 million to subscribe for 27.19 million shares. The total is RMB 307.8375 million shares.