TigerResearch/tigerbot-earning-plugin huggingface dataset:
Dongcheng||||| District,|||
 Beijing||||||||
2/F,  Block| China| Securities| Co.,| B,| Kaiheng|||
 Center,| Ltd.|(lead|principal|| No.2|||
|underwriter/bookkeepin g manager/trustee)||| Chaoyangmennei Street,|| Not applicable| Liu Renshuo|010-86451370
 Dongcheng  Beijing||||| District,|||
22/F,|||| CITIC| Securities|||
Building,| CITIC| Securities| Co.,|| No.48|||
| Ltd.|(joint|lead| Liangmaqiao| Road,| Not applicable| Song Yilan|
 Chaoyang|underwriter)|||| District,|||010-60836755
 Beijing||||||||
 Public Issuance of Corporate Bonds to Professional Investors in 2021(Phase II) of Guandong Electric Power 23/F,|||| R&F| Center,|||
 No.10| Beijing Zhong Lun Law Firm||| Huaxia| Road,|||
 Zhujiang|||| New| Town,| Not applicable| Liang  Qinghua|020-28261689
Tianhe||||| District,|||
 Guangzhou||||||||
| PricewaterhouseCooper|||18/F, PricewaterhouseCoopers Center, No.10 Zhujiang|| Wng Bin, Li Yanhua(2019-2020);Wang Bin, Guo Biyu(2018)||
|s| Zhongtian| Certified|||||
 West| Public| Accountants|| Road,| Zhujiang|| Wang Bin|020-38192000
 New|(Special|| General| Town,| Tianhe|||
 District,| Partnership)||| Guangzhou,||||
China||||||||
 Building||||6,| Yinhe|||
 SOHO,| China| Cheng| Xin|| No.2|||
 Nanzhugan| International|| Credit|| Hutong,| Not applicable| Fang Zibin|010-66428877
 Dongcheng| Rating Co. Ltd.|||| District,|||
 Beijing||||||||
2/F,  Block| China| Securities| Co.,| B,| Kaiheng|||
Center,| Ltd.||(principal|| No.2|||
|underwriter/bookkeepin g manager/trustee)||| Chaoyangmennei Street,|| Not applicable| Liu Renshuo|010-86451370
 Dongcheng  Beijing||||| District,|||
||||29/F, 10/F and 11/F (01-||||
04 units),|||| Chow| Tai|||
 Public Issuance of Corporate Bonds to Professional Investors in 2021(Phase I) of Guandong Electric Power Development Co.,Ltd.  Fook|||| Finance| Centre,|||
 NO.6| ETR Law Firm||| Zhujiang| Dong| Not applicable| Wang Xing|
Road,|||| Tianhe| District|||020-37181333
 Guangzhou||||| City,|||
|||| Guangdong Province||||
18/F,| PricewaterhouseCooper||| PricewaterhouseCoopers||||
|s| Zhongtian| Certified| Center, No.10 Zhujiang|| Wang Bin, Li Yanhua(2019-2020);Wang Bin, Guo Biyu(2018)||
 West| Public| Accountants|| Road,| Zhujiang|| Chin Junjun|
 New|(Special|| General| Town,| Tianhe|||020-38192645
District,| Partnership)||| Guangzhou,||||
 China||||||||
 Building||||5,| Yinhe|||
 SOHO,| China| Cheng| Xin|| No.2|||
 Nanzhugan| International|| Credit|| Hutong,| Not applicable| Sheng Lei|010-66428877
 Dongcheng| Rating Co. Ltd.|||| District,|||
 Beijing||||||||
Public Issuance of Corporate Bonds to Professional Investors in 2021(Phase I) of Guandong Huizhou Pinghai Power Generation  North|||| Block,| Times|||
 Square|||| Excellence||||
(Phase| CITIC| Securities| Co.,| Third  II),| Road,  No.8| Not applicable| Jian Qiongwen|13539997160
 Zhongxin  Futian| Ltd|||| District,|||
 Shenzhen||||| City,|||
|||| Guangdong Province||||
11/F,| Zhongxi|| Certified| Block| A,| Wei Shuzhen, Fan Fengwei| Fan Fengwei|
Xincheng| Public| Accountants||| Culture|||18520643032
Co.,Ltd.|(Special| General|| Building,| No.11|||
| Partnership)||| Chongwenmenwai Street, Beijing||||
| Shanghai| Brilliance||||||
| Credit| Rating|&|14/F,| Huasheng|||
| Investors| Service| Co.,| Building,| No.398,| Not applicable| Yu Liping|13641825613
| Ltd.||| Hankou Road, Shanghai||||
 Block||||7/F,| D,|||
| Beijing| Dentons| Law| Qiaofufang| Grassland,|||
| Offices, LLP||| No.9 Dongdaqiao Road,  Chaoyang| District,| Not applicable| Lv Sihui|13692899924
|||| Beijing||||
4). Use of raised funds
Whether it is consistent with||||| Unuse| Operation of| Rectificati on of
 Name of bond project the purpose, use plan and other|||of raised funds  Total amount| Used amount|amoun d|for raised funds special account|illegal use of raised
agreements|||||t|(if any)|funds (if any)
 Public Issuance of Corporate stipulated in the prospectus|||||| The special fund-raising account operates properly|
 Bonds to| Qualified| Investors|||||
in 2020 (Phase I) of Guandong  Yes|||1,500,000,000|1,500,000,000|0|| No
 Electric| Power| Development|||||
Co.,Ltd.|||||||
 Public Issuance of Corporate|||||| The special fund-raising account operates properly|
 Bonds to| Qualified| Investors|||||
in 2021 (Phase I) of Guandong  Yes|||1,000,000,000|1,000,000,000|0|| No
 Electric| Power| Development|||||
 Co.,Ltd.|||||||
 Public Issuance of Corporate Bonds to Professional Investors in 2021 (Phase II) of Guandong Electric Power Development Co.,Ltd.  Yes|||1,500,000,000|1,500,000,000|0| The special fund-raising account operates properly| No
Public Issuance of Corporate Bonds to Professional Investors in 2021 (Phase I) of Guandong Electric Power Development Co.,Ltd.  Yes|||800,000,000|800,000,000|0| The special fund-raising account operates properly| No
 Public Issuance of Corporate Bonds to Professional Investors in 2021 (Phase I) of Guandong Huizhou Pinghai Power Generation Co.,Ltd.  Yes|||200,000,000|200,000,000|0| The special fund-raising account operates properly| No
During the reporting period, the company changed the use of funds raised from the above bonds□Applicable √Not applicable
5).Adjustment of credit rating results during the reporting period□Applicable √Not applicable
6) The implementation and changes of guarantee, debt repayment plan and other debt repayment guarantee measures during the reporting period and their impact on the rights and interests of bond investors
(1). Credit enhancement mechanism: 20 Yudean 01, 21 Yudean 01, 21 Yudean 02, 21 Yudean 03 and 21 Pinghai company 01 bonds are not guaranteed.
(2). Debt repayment plan and other debt repayment guarantee measures: 20 Yudean 01, 21 Yudean 01, 21 Yudean02, 21 Yudean 03 and 21 Pinghai 01 debt repayment plans and other debt repayment guarantee measures have not changed during the reporting period, and the payment of their principal and interest will be handled by the bond registration institution and relevant institutions. The specific matters of payment will be elaborated in the announcement disclosed by the issuer in the media specified by China Securities Regulatory Commission, Shenzhen Stock Exchange, Shanghai Stock Exchange and China Securities Industry Association in accordance with relevant regulations.
||||||||| In RMB
 Bond name| Bond short name| Bond code| Issue day| Value date| Due day| Bond balance| Interest rate| Servicing way| Trading
2021MTN (Phase I) of Guangdong Electric Power Development Co., Ltd.|21 Yudean FaMTN001|102101339.IB| July 19,2021| July 21,2021| July 21,2024|1,200,000,000|3.17%| Using simple interest rate on a yearly basis, regardless of compound interest. Due payments once a year, maturing debt at a time. In the final phase, interest is paid together with the principal redemption.| Interbank market
2021MTN (Phase II) of Guangdong Electric Power Development Co., Ltd.|21 Yudean FaMTN002|102102318.IB| November15,2021| November17,2021| November17,2024|2,200,000,000|3.13%| Using simple interest rate on a yearly basis, regardless of compound interest. Due payments once a year, maturing debt at a time. In the final phase, interest is paid together with the principal redemption.| Interbank market
2022MTN (Phase I) of Guangdong Electric Power Development Co., Ltd.|22 Yudean FaMTN001|102281929.IB| August 24,2022| August 26,2022| August26,2027|600,000,000|2.90%| Using simple interest rate on a yearly basis, regardless of compound interest. Due payments once a year, maturing debt at a time. In the final phase, interest is paid together with the principal redemption.| Interbank market
2023MTN (Phase I) of Guangdong Electric Power Development Co., Ltd.|23 Yudan FaMTN001|102380558.IB| March 15, 2023| March 17,2023| March 17,2023|1,600,000,000|3.35%| Using simple interest rate on a yearly basis, regardless of compound interest. Due payments once a year, maturing debt at a time. In the final phase, interest is paid together with the principal redemption.| Interbank market
 Guangdong Electric Power Development Co., Ltd. Co., Ltd.2022 III phase Ultra-short term financing bills|22 Yudean FaSCP003|012284265.IB| December9,2022| December12,2022| June 7,2023|2,000,000,000|2.34%| One time repayment of principal and interest due| Interbank market
 Guangdong Electric Power Development Co., Ltd. Co., Ltd.2022 IV phase Ultra-short|22 Yudean FaSCP004|012284408.IB| December22,2022| December23,2022| March 23,2023|1,500,000,000|2.52% One time repayment of principal and interest due|| Interbank market
term financing bills2021MTN (Phase I) of Guangdong Huizhou Pinghai Power Generationt Co., Ltd.|21 Pnghai Fa MTN001|102102049.IB| October 15,2021 October 15,2021| October15,2024|300,000,000|3.72%| Using simple interest rate on a yearly basis, regardless of compound interest. Due payments once a year, maturing debt at a time. In the final phase, interest is paid together with the principal redemption.| Interbank market
 During the reporting period, interest payment situation of the company bonds(If any)|||| No||||
 Applicable trading mechanism|||| Circulation and transfer in the national inter-bank bond market, its listing and circulation will be carried out in accordance with the relevant regulations promulgate d by the National||||
 Whether there are risks and countermeasures for terminating listing transactions(If any)|||| Interbank Funding Center  No||||
2. Trigger and implementation of option clauses and investor protection clauses of the issuer or investor□Applicable √Not applicable
Name of bond project  Name of|||
intermediary agency intermediary agency  Contact person of| Office Address| Name of signing accountant| Tel
 Industry Bank(lead principal underwriter/bookk eeping manager  Zhao Xinle, Liu Jingyi| No.154, Hudong Road, Fuzhou, Fujian| Not applicable|010-89926570、020-38160153
 ICBC(joint lead underwriter)  Sheng Xue| No. 55, Fuxingmennei, Street , Xicheng District , Beijing| Not applicable|010-66106736
2021MTN (Phase I) of Guangdong Electric Power Development Co., Ltd.  Beijing Zhong Lun Law Firm  Liang Qinghua|31,33, 36 and37/F, SK Building, A6, Jianguomenwai| Not Applicable|020-28262689
| District, Beijing||
| Street , Chaoyang||
PricewaterhouseC oopers Zhongtian Certified Public Accountants(Special General Partnership)  Li Xiaolei|11/F, PricewaterhouseC oopers, No.2, Enterprist Building, No.202, Hubin Road, Huangpu District Shanghai| Wang Bin, Li Yanhua(2019-2020);Wang Bin, Guo Biyu(2018)|021-23238888
 Shanghai Brilliance Credit Rating & Investors Service Co., Ltd.  Zhang Jie|14/f, Huasheng Building , No.398 Hankou Road, Shanghai| Not applicable|18600048666
 Industry Bank(lead principal underwriter/bookk eeping manager  Zhao Xinle, Ye Huishan| No.154, Hudong Road, Fuzhou ,Fujian| Not applicable|010-89926570、020-38160153
 ICBC(joint lead underwriter)  Sheng Xue| No. 55, Fuxingmennei, Street , Xicheng District , Beijing| Not applicable|010-66106736
2021MTN (Phase II) of Guangdong Electric Power Development Co., Ltd.  Beijing Zhong Lun Law Firm|31,33, 36 and37/F, SK Building, A6,||
 Liang Qinghua| Jianguomenwai  Street , Chaoyang| Not Applicable|020-28262689
| District, Beijing||
PricewaterhouseC oopers Zhongtian Certified Public Accountants(Special General Partnership)  Li Xiaolei|11/F, PricewaterhouseC oopers, No.2, Enterprist Building, No.202, Hubin Road, Huangpu District Shanghai| Wang Bin , Li Yanhua(2019-2020);Wang Bin, Guo Biyu(2018)|021-23238888
2022MTN (Phase I) of Guangdong Electric Power  Industry Bank (lead principal| No.154, Hudong Road, Fuzhou ,Fujian||010-89926570、020-38160153
underwriter/bookk eeping manager  Zhao Xinle, Ye  Huishan|| Not applicable|
Development Co.,
Ltd.|underwriter)| Fuxingmennei, Street , Xicheng District , Beijing|||
| Beijing Zhong Lun Law Firm|31,33, 36 and37/F, SK Building, A6, Jianguomenwai Street , Chaoyang District, Beijing| Not Applicable| Liang Qinghua|020-28262689
| PricewaterhouseC oopers Zhongtian Certified Public Accountants(Special General Partnership)|11/F, PricewaterhouseC oopers, No.2, Enterprist Building, No.202, Hubin Road, Huangpu District Shanghai| Wang Bin , Li Yanhua(2019-2020);Wang Bin, Guo Biyu(2018)| Li Xiaolei|021-23238888
| Industry Bank(lead principal underwriter/bookk eeping manager| No.154, Hudong Road, Fuzhou ,Fujian| Not applicable| Zhao Xinle, Ye Huishan|020-38988015
| Agricultural Bank of China Corporation Limited (co-lead underwriter)| No.69, Jianguo Mennei Street, Chaoyang District, Beijing| Not applicable| An Liwei|010-85109045
2023MTN (Phase I) of Guangdong Electric Power Development Co., Ltd.| Beijing Zhong Lun Law Firm|31,33, 36 and37/F, SK Building, A6, Jianguomenwai Street , Chaoyang District, Beijing| Not Applicable| Liang Qinghua|020-28262689
| PricewaterhouseC oopers Zhongtian Certified Public Accountants(Special General Partnership)|11/F, PricewaterhouseC oopers, No.2, Enterprist Building, No.202, Hubin Road, Huangpu District Shanghai| Chen Junjun, Li Xiaolei(2021);Wang Bin,Li Yanhua(2019-2020)| Li Xiaolei|021-23238888
| China Construction Bank(lead principal underwriter/bookk eeping manager| No.25, Finance Street, Xicheng District Beijing| Not applicable| Zhou Peng|010-67596478
| Industrial Bank Co., Ltd. (joint lead underwriter)| No.154, Hudong Road, Fuzhou ,Fujian| Not applicable| Zhao Xinle , Liu Jingyi|010-89926570、020-38160153
 Guangdong Electric Power Development Co., Ltd.2022 III phase Ultra-short term financing bills| ETR Law Firm|10 &11/f, Chow Tai Fook Finance Certire No.6 Zhujiang Dong Road, Tianhe District| Not applicable| Wang Xing|020-37181333
| PricewaterhouseC oopers Zhongtian Certified Public Accountants(Special General Partnership)| Guangzhou 11/F,|||
|| PricewaterhouseC oopers, No.2, Enterprist Building, No.202, Hubin Road, Huangpu District| Chen Junjun, Li Xiaolei(2021);Wang Bin,Li Yanhua(2019-2020)| Li Xiaolei|021-23238888
| SPD Bank(principal underwriter/bookk eeping manager)| Shanghai|||
|| No.12, Zhongshan1 Road, Shanghai| Not applicable| Lin Jie|021-31886388
 Guangdong Electric Power Development Co., Ltd.2022 IV phase Ultra-short term financing bills| ETR Law Firm|10 &11/f, Chow Tai Fook Finance Certire No.6 Zhujiang Dong Road, Tianhe District Guangzhou| Not applicable| Wang Xing|020-37181333
| PricewaterhouseC oopers Zhongtian Certified Public Accountants(Special General Partnership)|11/F, PricewaterhouseC oopers, No.2, Enterprist Building, No.202, Hubin Road, Huangpu District Shanghai| Chen Junjun, Li Xiaolei(2021);Wang Bin,Li Yanhua(2019-2020)| Li Xiaolei|021-23238888
| ICBC(joint lead underwriter)| No. 55, Fuxingmennei, Street , Xicheng District , Beijing| Not applicable| Dai Ying|010-66109649
| Industry Bank(lead principal underwriter/bookk eeping manager| No.154, Hudong Road, Fuzhou ,Fujian| Not applicable| Zhao Xinle|010-89926570
2021MTN (Phase II) of Guangdong Huizhou Pinghai Power Genration Co., Ltd.(Sustainable peg)| Zhongxi CPAs( Special General Partnership)|11/F, Block A, Xincheng Culture Building, No.11 Chongwenmenwai Street, Beijing| Wei Shuzhen, Fan Fengwei| Fan Fengwei|18520643032
| Shanghai Brilliance Credit Rating & Investors Service Co., Ltd|14/F, Huasheng Building, No.398, Hankou Road, Shanghai| Yu Liping, Lin Qiaoyun| Yu Liping|13641825613
| Beijing Dentons Law Offices, LLP|7/F, Block D, Qiaofufang Grassland, No.9 Dongdaqiao Road, Chaoyang| Ni Jieyun, Chen Shiyi| Lv Sihui|13692899924
District, Beijing
|||||| In RMB
 Name of bond project| Total amount of raised funds| Used amount| Unuse d amount| Operation of special account| Rectification of illegal use| Whether it is consistent with the purpose, use
||||for raised funds (if any)|funds (if any) of raised|plan and other agreements
|||| The special fund-raising account operates properly||stipulated in the prospectus
2021MTN (Phase I) of Guangdong Electric Power Development Co., Ltd.|1,200,000,000|1,200,000,000|0|| No| Yes
2021MTN (Phase II) of Guangdong Electric Power Development Co., Ltd.|2,200,000,000|2,200,000,000|0| Not applicable| No| Yes
2022MTN (Phase I) of Guangdong Electric Power Development Co., Ltd.|600,000,000|600,000,000|0| Not applicable| No| Yes
2023MTN (Phase I) of Guangdong Electric Power Development Co., Ltd.|1,600,000,000|1,600,000,000|0| Not applicable| No| Yes
 Guangdong Electric Power Development Co., Ltd.2022 III phase Ultra-short term financing bills|2,000,000,000|2,000,000,000|0| Not applicable| No| Yes
 Guangdong Electric Power Development Co., Ltd.2022 IV phase Ultra-short term financing bills|1,500,000,000|1,500,000,000|0| Not applicable| No| Yes
2021MTN (Phase I) of Guangdong Huizhou Pinghai Power Genration Co., Ltd.|300,000,000|300,000,000|0| Not applicable| No| Yes
(Sustainable peg)
The raised funds are used for construction projects√Applicable □Not applicable
21Yudeanfa MTN001 raised RMB 1.2 billion, of which RMB 375 million was used to replace the increased capital of its holding subsidiaries, that is, it was finally used to replace the paid-in capital of key construction projects. RMB 250 million is used to replace the increased capital of Guangdong Yudean Marina Bay Energy Co., Ltd., and finally used for the capital of the alternative power supply project at Ningzhou plant site in Dongguan; RMB 125 million is used to replace the increased capital of Guangdong Yudean Qujie Wind Power Generation Co., Ltd., and finally used for the capital of phase II of Guangdong Yudean Zhanjiang Wailuo Offshore Wind Power Project. In the main building installation project of the alternative power supply project at Ningzhou plant site in Dongguan, the first concrete of the main plant foundation was poured in September 2021. The construction of the project is progressing as planned. By February 28, 2023, the structure of the main workshop has been built to the roof, in which the main structure of No.1 main workshop has been completed, and the No.2 and No.3 machine islands have been delivered for installation; The auxiliary transformer and main transformer of Unit #2 have been put in place. It is expected that the first unit will be put into operation in April 2023, and the second and third units will be put into operation in June and September of the same year. The Phase II of Guangdong Yudean Zhanjiang Wailuo Offshore Wind Power Project was put
into operation in December 2021, and the project was in good operation. In 2022, it realized an operating income of RMB 244,873,100 and an operating profit of RMB -48,906,600.
5.Adjustment of credit rating results during the reporting period□Applicable √Not applicable
1). 21Yudeanfa MTN001, 21Yudeanfa MTN002, and 22Yudeanfa MTN 001, 23Yudeanfa MTN001,22 Yudeanfa SCP003 ,22 Yudeanfa SCP004 and 21 Pinghai FDMTN 001 are not guaranteed.
2). The debt repayment plan of the above-mentioned debt financing instruments and other debt repayment guarantee measures of the company have not changed during the reporting period.
Loss situation| Reasons for loss| Influence on the company's operation and solvency
 During the reporting period, the net profit within the scope of the company's consolidated statement was RMB -4,514,989,124.95 which accounted for 13.70% of the net assets at the end of the previous year| During the reporting period, coal and gas prices were still high. The company actively strived for favorable electricity prices and strictly implemented cost control, but it could not cover the increase in fuel costs, and the thermal power business continued to suffer losses.| With assets of 100 billion yuan and strong solvency, company has abundant financing channels and sufficient credit, and can make full use of internal and external financial resources to ensure capital needs
VIII.Main accounting data and financial indicators of the company in recent two years by the end of the reporting period
change| Items| At the end of the reporting period|| At the end of last year| At the same time rate of
 Current ratio||0.61|0.61||0%
 Debt ratio||78.16%|71.21%||6.95%
 Quick ratio||0.53|0.53||0%
 Net profit after deducting non-recurring profit and loss change|| Amount of this period|| Amount of last period| At the same time rate of
||-446,349.23|-375,656.56||-18.82%
 EBITDA total debt ratio||3.43%|1.67%||1.76%
Time interest earned ratio||-0.94|-2.18||56.94%
 Cash interest guarantee times||0.66|0.08||725%
 EBITDATime interest earned ratio||1.30|0.68||91.18%
 Repayment of debt (%)||100%|100%||0%
 Payment of interest (%)||100%|100%||0%
GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD. FINANCIAL STATEMENTS AND
AUDITOR'S REPORT
[English translation for reference only. Should there be any inconsistency between the Chinese and English versions, the Chinese version shall prevail.]
Financial Statements and Auditor's Report For the Year Ended 31 December 2022[English translation for reference only]
Content| Page
 Auditor’s Report|113 - 120
 Financial statements for the year ended 31 December 2022 Consolidated and company balance sheets|121 - 125
 Consolidated and company income statements|126 - 127
 Consolidated and company cash flow statements|128 - 130
 Consolidated statement of changes in shareholders’equity|131 - 132
 Company statement of changes in shareholders’equity|133 - 134
 Notes to the financial statements|135 - 290
 Supplementary information to the financial statements|291 - 292
[English Translation for Reference Only]
PwC ZT Shen Zi (2023) No. 10033
(Page 1 of 8)
To the shareholders of Guangdong Electric Power Development Co., Ltd.,
We have audited the accompanying financial statements of Guangdong Electric Power Development Co., Ltd. (hereinafter “Guangdong Electric Power”), which comprise:
the consolidated and company balance sheets as at 31 December 2022;
the consolidated and company income statements for the year then ended;the consolidated and company cash flow statements for the year then ended;
the consolidated and company statements of changes in shareholders’equity for the year then ended; and
notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in allmaterial respects, the consolidated and company’s financial position of Guangdong Electric Power as at 31 December 2022, and their financial performance and cash flows for the year then ended in accordance with the requirements of Accounting Standards for Business Enterprises(“CASs”).
We are independent of Guangdong Electric Power in accordance with the Code of Ethics for Professional Accountants of the Chinese Institute of Certified Public Accountants (“CICPA Code”), and we have fulfilled our other ethical responsibilities in accordance with the CICPA Code.
Key AuditMatter
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on thesematters.
(Page 2 of 8)
Key auditmatters identified in our audit are summarised as follows:(1) Impairment of power related fixed assets(2) Recognition of deferred tax assets related to deductible losses|||||||||||||||||||
 Key AuditMatter||||||||| How our audit addressed the Key AuditMatter||||||||||
(1) Impairment of power related fixed assets Refer||||||||| Our audit procedures for the impairment of power related fixed assetsmainly include:||||||||||
|to| Note||2(29)(b)(i)||and|| Note|| We understood and evaluated the internal control relevant to the impairment test of|||||||||
4(10)(a)(iv) to the financial statements.|||||||||||||||||||
||||||||||fixed||assets|and|tested||the|operating||
 Certain|subsidiaries||||of| Guangdong||||effectiveness of key control;|||||||||