Thursday 29 October, 2009
Zhejiang Southeast
3rd Quarter Results
RNS Number : 5773B Zhejiang Southeast Elec Power Co Ld 29 October 2009
Zhejiang Southeast Electric Power Company Limited
The 3rd Quarterly Report 2009
CONTENTS
1. Important Notice....1
2. Facts and Figures about The Company....1
3. Important Events....2
4. Attachment....6
1. Important Notice
1.1 The Board of Directors, the Supervisory Committee, the directors, the supervisors and the senior management of Zhejiang Southeast Electric Power Company Limited (the Company) confirm that there is no false representation, misleading statement or material omission in this report, and that they jointly and severally accept full responsibility for the authenticity, accuracy and completeness of the information contained herein.
1.2 All the directors of the Company attended the board meeting.
1.3 The financial statements attached hereto are unaudited.
1.4 Board Chairman of the Company Mao Jianhong, General Manager Shou Desheng, Chief Accountant Hu Senjian and Manager of Finance Department Yang Xiaodong state with assurance that the financial statements contained herein are true and complete.
2. Facts and Figures about The Company
2.1 Main Accounting Figures and Financial Indicators
Currency: RMB
|
|
At End of Current Period
|
At End of Prior Year
|
Increase/Decrease at Current Period End Compared with That at Prior Year End (%)
|
|
Total Assets (yuan)
|
16,546,459,355.72
|
15,637,758,966.04
|
5.81
|
|
Shareholders' Equity (or Owner's Equity) (yuan)
|
9,166,074,185.03
|
7,463,832,556.96
|
22.81
|
|
Net Asset per Share Belonging to Shareholders of the Company (yuan)
|
4.56
|
3.71
|
22.91
|
|
|
From Year Beginning to Current Period End (January-September)
|
Increase/Decrease in Current Period Compared with That in Same Period of Prior Year (%)
|
|
Net Cash Flow Generated from Operating Activities (yuan)
|
1,724,489,783.23
|
803.69
|
|
Net Cash Flow Generated from Operating Activities per share (yuan)
|
0.8580
|
804.11
|
|
|
In Current Period
(July-September)
|
From Year Beginning to Current Period End
(January-September)
|
Increase/Decrease in Current Period Compared with That in Same Period of Prior Year (%)
|
|
Net Profit Belonging to Shareholders of the Company (yuan)
|
323,700,080.34
|
564,879,145.34
|
351.99
|
|
Basic Earnings per Share (yuan)
|
0.1610
|
0.2810
|
351.96
|
|
Basic Earnings per Share after Deducting Non-recurring Gains and Losses (yuan)
|
_
|
0.2817
|
_
|
|
Diluted Earnings per Share (yuan)
|
0.1610
|
0.2810
|
351.96
|
|
Diluted Yield on Net Assets (%)
|
3.53
|
6.16
|
Increased by 5.14%
|
|
Diluted Yield on Net Assets after Deducting Non-recurring Gains and Losses (%)
|
3.55
|
6.18
|
Increased by 5.16%
|
Item and Amount of Non-recurring Gains & Losses Deducted
|
Non-recurring Gains and Losses
|
Amount from Year Beginning to Current Period End (yuan)
|
|
Gains and Losses on Disposal of Non-current Assets
|
950,665.25
|
|
Government subsidies recorded as current gains and losses except those in close connection with the Company's normal operations continuously provided in accordance with the government policy and standards
|
3,439,968.86
|
|
Net Amount of Other Non-operating Income and Expense Besides the Above Items
|
-6,033,166.82
|
|
Subtotal
|
-1,642,532.71
|
|
Less: Impact of Corporate Income Tax
|
-410,633.18
|
|
Impact of Minority Shareholders' Gains and Losses
|
65,622.11
|
|
Net Amount of Non-recurring Gains & Losses Belonging to Shareholders of the Parent Company
|
-1,297,521.64
|
2.2 Total Number of Shareholders and Shareholding of Top 10 Shareholders of Listed Shares at End of Current Reporting Period
Unit: Share
|
Total number of shareholders at end of current reporting period
|
85,679
|
|
Shareholding of Top 10 Shareholders of Listed Shares
|
|
Full Name of Shareholder
|
Number of Listed Shares Held at Period End
|
Type of Share
|
|
NAITO SECURITIES CO.,LTD
|
7,319,985.00
|
B share
|
|
TOYO SECURITIES ASIA LTD. A/C CLIENT
|
5,590,135.00
|
B share
|
|
JIANG RONGFANG
|
5,182,929.00
|
B share
|
|
SHENYIN WANGUO NOMINEES (H.K.) LTD.
|
4,629,242.00
|
B share
|
|
DBS VICKERS (HONG KONG) LTD A/C CLIENT
|
3,727,656.00
|
B share
|
|
ZHOU JIE
|
3,450,000.00
|
B share
|
|
CREDIT SUISSE ZURICH
|
2,604,000.00
|
B share
|
|
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED
|
2,501,809.00
|
B share
|
|
NORGES BANK
|
2,414,518.00
|
B share
|
|
STICHTING SHELL PENSIOENFONDS
|
2,074,700.00
|
B share
|
3. Important Events
3.1 Cases of and Reasons for Significant Changes of Main Accounting Items and Financial Indicators
|
Item
|
At End of Current Period (yuan)
|
At End of Prior Year (yuan)
|
Increase/Decrease (%)
|
Main Causes of Change
|
|
Prepayment
|
27,122,687.43
|
97,105,004.05
|
-72.07
|
[Note 1]
|
|
Available-for-sale Financial Assets
|
3,244,292,140.10
|
1,727,808,829.80
|
87.77
|
[Note 2]
|
|
Construction in Progress
|
82,064,500.55
|
16,541,407.31
|
396.12
|
[Note 3]
|
|
Disposal of Fixed Assets
|
155,846,883.88
|
0.00
|
-
|
[Note 4]
|
|
Deferred Income Tax Assets
|
67,629,382.33
|
115,595,961.13
|
-41.50
|
[Note 5]
|
|
Accounts Payable
|
357,316,733.04
|
265,796,387.25
|
34.43
|
[Note 6]
|
|
Tax Payable
|
129,476,915.64
|
36,644,883.02
|
253.33
|
[Note 7]
|
|
Deferred Income Tax Liabilities
|
715,000,104.74
|
335,879,277.17
|
112.87
|
[Note 8]
|
|
Capital Reserve
|
4,041,302,367.08
|
2,903,939,884.35
|
39.17
|
[Note 1]: The ending amount of prepayment was mainly the prepayment for purchase of natural gas.
[Note 2]: which was due to a rise in the ending fair values of the shares of China Merchants Bank, Industrial Bank and Bank of Communications.
[Note 3]: which was mainly because new overhauls, renovation and technical projects were carried out for Taizhou Power Plant and Xiaoshan Power Plant within the year.
[Note 4]: which was mainly because the net assets valued at RMB 155.0959 million yuan of the decommissioned Unit 2, 3, 4 and 5 of Taizhou Power Plant were transferred to the disposal of fixed assets at the period end. Refer to "3.2 Analysis of Development of Major Events and Their Impacts and Solutions" for details.
[Note 5]: which was mainly because the Company's holding subsidiary Zhejiang Zheneng Changxing Power Generation Co. Ltd went into profit in the first three quarters of the current year and the deferred income tax assets were transferred back correspondingly.
[Note 6]: which was mainly for payment for coal procurement.
[Note 7]: which were mainly the income tax payable and the VAT payable.
[Note 8]: which was due to a rise in the ending fair value of the available-for-sale financial assets.
|
Item
|
Current Period
(yuan) (July-September)
|
Same Period in Prior Year (yuan) (July-September)
|
Increase/ Decrease (%)
|
Main Causes of Change
|
|
Returns on Investment
|
91,876,742.10
|
-17,532,928.54
|
624.02
|
The invested generating companies made profits and the dividends of the financial shares held increased.
|
|
Operating Profit
|
456,725,299.07
|
-262,545,804.78
|
273.96
|
The operating income increased and the operating cost dropped.
|
|
Income Tax
|
100,922,361.21
|
-94,835,497.62
|
206.42
|
The total profit increased.
|
|
|
Current Year Beginning to Current Reporting Period End (yuan)
|
Prior Year Beginning to Prior Reporting Period
End (yuan)
|
Increase/Decrease (%)
|
Main Causes of Change
|
|
Net Cash Flow Generated from Operating Activities
|
1,724,489,783.23
|
190,828,535.65
|
803.69
|
The cash payment for purchase of coal decreased.
|
|
Net Cash Flow Generated from Investment Activities
|
-330,138,522.96
|
316,007,845.56
|
-204.47
|
The cash inflow from the investment activities decreased.
|
|
Net Cash Flow Generated from Financing Activities
|
-1,467,942,854.97
|
-42,371,754.11
|
-3,364.44
|
The cash inflow from the financing activities decreased
|
3.2 Analysis of Development of Major Events and Their Impacts and Solutions
(1) As approved in the 5th meeting of the 5th board of directors of the Company and consented in Document Zhe Jing Xin Dian Li [2009]253 "Zhejiang Provincial Economic & Informatization Committee's Approval to Decommissioning of Six 135 MW Coal-fired Generating Units of Taizhou Power Plant", the Company commenced closedown and demolition of Unit 2, 3, 4 and 5 of Taizhou Power Plant on 2 September 2009, and will subsequently decommission and demolish Unit 1 and 6 by the end of 2010.
As at the end of the current reporting period, the original cost of the decommissioned Unit 2, 3, 4 and 5 amounted to RMB 906.6012 million yuan, the accumulated depreciation RMB 751.5053 million yuan and the net asset value RMB 155.0959 million yuan. Since the demolition of the above units had been commenced, the net asset value of such assets was accounted for as disposal of fixed assets. Proper accounting treatment will be made in accordance with the enterprise accounting standards.
(2) In view of the actual demand for outsourced heat supply of Taizhou Power Plant and Zhejiang Zheneng Changxing Power Generation Company Ltd, as approved in the 6th meeting of the 5th board of directors of the Company, in the current period, the Company acquired 95% shares of Taizhou Municipal Lianyuan Thermal Company at an evaluated price of RMB 18,416,877.81 yuan; and Zhejiang Zheneng Changxing Power Generation Company Ltd acquired 85% shares of Zhejiang Changxing Southeast Thermal Company at an evaluated price of RMB 10,528,852.61 yuan.
(3) The State Taxation Bureau Zhejiang Branch and the State Taxation Audit Bureau Zhejiang Branch issued Document Zhe Guo Shui Zhi [2009]2 "Notice on Conducting Self-examination of First Batch Province-owned Enterprises" on 23 July 2009, which required a self-examination of tax declaration and payment by enterprises from 2005 to 2008. After self-examination, the Company made additional payment of income tax amounting to RMB 11.26 million yuan, and VAT 15,700 yuan.
3.3 Implementation of Commitment Made by the Company, Its Shareholders and De factor Controllers
The wholly-owned subsidiary of the Company's de facto controller Zhejiang Provincial Energy Group, Hongkong Xingyuan Investment Company Ltd increased shareholding of the Company with an increment of 345,600 shares through the trading system of Shanghai Stock Exchange on 25 August 2009, accounting for 0.02% of the Company's total number of shares. Hongkong Xingyuan Investment Company Ltd intends to continue to increase the shareholding of the Company depending on the market conditions in the next 12 months starting from 25 August 2009 through the trading system of Shanghai Stock Exchange at a price not higher than USD 0.50/share and up to a cap of 2% of the Company's total shares (including the increment this time). As at the end of the current reporting period, Hongkong Xingyuan Investment Company Ltd made no more increase of the Company's shareholding.
3.4 Warnings and Reasons for Potential Deficit or Significant Changes in Accumulated Net Profit from Year-beginning to End of Next Reporting period Compared with Same Period of Prior Year
In view of the stable coal price since the beginning of the current year and the profit made by the Company in the previous three quarters, it is estimated that the net profit belonging to the shareholders of the Company in 2009 will increase more than 100% in comparison with that of 2008.
3.5 Implementation of Cash Dividend Distribution Policy in Current Period
In the current reporting period, the Company made no distribution of cash dividends.
Zhejiang Southeast Electric Power Company
Legal Representative: Mao Jianhong
Dated 27 October 2009
4. Attachment
4.1
Consolidated Balance Sheet
30 September 2009
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB yuan Unaudited
|
Item
|
Note
|
Ending Amount
|
Year Beginning Amount
|
|
Current assets:
|
|
|
Monetary assets
|
|
818,853,010.13
|
892,449,847.25
|
|
Provisions for account settlement
|
|
|
|
|
Loaned capital
|
|
|
|
|
Transactional financial assets
|
|
|
|
|
Bills receivable
|
|
6,125,001.00
|
|
|
Accounts receivable
|
|
560,478,897.47
|
533,629,136.05
|
|
Prepayment
|
|
27,122,687.43
|
97,105,004.05
|
|
Insurance premium receivable
|
|
|
|
|
Re-insurance accounts receivable
|
|
|
|
|
Re-insurance contract reserve receivable
|
|
|
|
|
Interest receivable
|
|
|
|
|
Dividend receivable
|
|
|
|
|
Other receivable
|
|
18,468,525.55
|
21,268,739.93
|
|
Purchase of resold financial assets
|
|
|
|
|
Inventories
|
|
217,248,581.70
|
292,920,777.96
|
|
Non-current assets due within 1 year
|
|
|
|
|
Other current assets
|
|
|
|
|
Total current assets
|
|
1,648,296,703.28
|
1,837,373,505.24
|
|
Non-current assets:
|
|
|
Loans and advances provided
|
|
|
|
|
Available-for-sale financial assets
|
|
3,244,292,140.10
|
1,727,808,829.80
|
|
Hold-up-to-maturity investment
|
|
|
|
|
Long term accounts receivable
|
|
|
|
|
Long term equity investments
|
|
2,052,298,199.77
|
1,704,459,838.32
|
|
Investing real estate
|
|
22,919,162.56
|
23,700,034.78
|
|
Fixed assets
|
|
9,013,093,237.41
|
9,886,285,366.92
|
|
Construction in progress
|
|
82,064,500.55
|
16,541,407.31
|
|
Project equipment and materials
|
|
1,091,168.40
|
1,091,368.40
|
|
Disposal of fixed assets
|
|
155,846,883.88
|
|
|
Productive assets
|
|
|
|
|
Oil and gas assets
|
|
|
|
|
Intangible assets
|
|
258,864,278.44
|
322,961,192.14
|
|
Development cost
|
|
|
|
|
Goodwill
|
|
|
|
|
Long-term deferred expenses
|
|
63,699.00
|
1,941,462.00
|
|
Deferred income tax asset
|
|
67,629,382.33
|
115,595,961.13
|
|
Other non-current assets
|
|
|
|
|
Total non-current assets
|
|
14,898,162,652.44
|
13,800,385,460.80
|
|
Total assets
|
|
16,546,459,355.72
|
15,637,758,966.04
|
|
Current liabilities:
|
|
|
Short term borrowings
|
|
850,000,000.00
|
1,299,970,000.00
|
|
Borrowings from central bank
|
|
|
|
|
Absorbed deposit and enterprise deposit
|
|
|
|
|
Borrowed capital
|
|
|
|
|
Transactional financial liabilities
|
|
|
|
|
Bills payable
|
|
200,000,000.00
|
200,000,000.00
|
|
Accounts payable
|
|
357,316,733.04
|
265,796,387.25
|
|
Accounts received in advance
|
|
|
8,000.00
|
|
Sale of repurchased financial assets
|
|
|
|
|
Service charges and commission payable
|
|
|
|
|
Wages payable
|
|
123,061,169.34
|
122,960,378.18
|
|
Tax payable
|
|
129,476,915.64
|
36,644,883.02
|
|
Interest payable
|
|
3,862,575.00
|
13,083,512.54
|
|
Dividend payable
|
|
|
|
|
Other payables
|
|
349,213,703.18
|
445,748,766.95
|
|
Reinsurance accounts payable
|
|
|
|
|
Reinsurance contract reserves
|
|
|
|
|
Agency fee for dealing in securities
|
|
|
|
|
Agency fee for underwriting sale of securities
|
|
|
|
|
Non-current liabilities due within one year
|
|
130,000,000.00
|
430,000,000.00
|
|
Other current liabilities
|
|
|
14,769,019.10
|
|
Total current liabilities
|
|
2,142,931,096.20
|
2,828,980,947.04
|
|
Non-current liabilities:
|
|
|
Long term borrowings
|
|
4,095,250,000.00
|
4,575,250,000.00
|
|
Bonds payable
|
|
|
|
|
Long term payables
|
|
|
|
|
Special payables
|
|
|
|
|
Anticipated liabilities
|
|
|
|
|
Deferred income tax liabilities
|
|
715,000,104.74
|
335,879,277.17
|
|
Other non-current liabilities
|
|
39,791,406.18
|
40,136,375.04
|
|
Total non-current liabilities
|
|
4,850,041,510.92
|
4,951,265,652.21
|
|
Total liabilities
|
|
6,992,972,607.12
|
7,780,246,599.25
|
|
Shareholders' equity
|
|
|
Share capital
|
|
2,010,000,000.00
|
2,010,000,000.00
|
|
Capital reserve
|
|
4,041,302,367.08
|
2,903,939,884.35
|
|
Less: shares in stock
|
|
|
|
|
Surplus reserve
|
|
1,299,037,986.07
|
1,299,037,986.07
|
|
Ordinary risk allowance
|
|
|
|
|
Undistributed profits
|
|
1,815,733,831.88
|
1,250,854,686.54
|
|
Foreign currency statement conversion variance
|
|
|
|
|
Total owner's equity belonging to owners of parent company
|
|
9,166,074,185.03
|
7,463,832,556.96
|
|
Minority shareholders' equity
|
|
387,412,563.57
|
393,679,809.83
|
|
Total shareholders' equity
|
|
9,553,486,748.60
|
7,857,512,366.79
|
|
Total liabilities and shareholders' equity
|
|
16,546,459,355.72
|
15,637,758,966.04
|
Parent Company's Balance Sheet
30 September 2009
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB yuan Unaudited
|
Item
|
Note
|
Ending Amount
|
Year Beginning Amount
|
|
Current assets:
|
|
|
Monetary assets
|
|
496,987,593.13
|
737,005,708.06
|
|
Transactional financial assets
|
|
|
|
|
Bills receivable
|
|
6,125,001.00
|
|
|
Accounts receivable
|
|
245,546,467.89
|
286,073,649.64
|
|
Prepayment
|
|
25,163,934.63
|
88,090,004.05
|
|
Interest receivable
|
|
|
|
|
Dividend receivable
|
|
|
|
|
Other receivable
|
|
16,341,159.48
|
17,403,527.55
|
|
Inventories
|
|
130,633,012.97
|
154,230,671.22
|
|
Non-current assets due within 1 year
|
|
|
|
|
Other current assets
|
|
199,668.00
|
199,668.00
|
|
Total current assets
|
|
920,996,837.10
|
1,283,003,228.52
|
|
Non-current assets:
|
|
|
Available-for-sale financial assets
|
|
3,244,292,140.10
|
1,727,808,829.80
|
|
Hold-up-to-maturity investment
|
|
|
|
|
Long term accounts receivable
|
|
|
|
|
Long term equity investments
|
|
2,685,620,973.89
|
2,397,030,018.68
|
|
Investing real estate
|
|
22,919,162.56
|
23,700,034.78
|
|
Fixed assets
|
|
5,857,011,269.14
|
6,446,004,677.55
|
|
Construction in progress
|
|
79,962,932.82
|
13,057,619.51
|
|
Project equipment and materials
|
|
1,091,168.40
|
1,091,368.40
|
|
Disposal of fixed assets
|
|
155,846,883.88
|
|
|
Productive assets
|
|
|
|
|
Oil and gas assets
|
|
|
|
|
Intangible assets
|
|
256,962,376.44
|
264,440,113.39
|
|
Development cost
|
|
|
|
|
Goodwill
|
|
|
|
|
Long-term deferred expenses
|
|
63,699.00
|
1,941,462.00
|
|
Deferred income tax asset
|
|
21,323,728.95
|
21,323,728.95
|
|
Other non-current assets
|
|
|
|
|
Total non-current assets
|
|
12,325,094,335.18
|
10,896,397,853.06
|
|
Total assets
|
|
13,246,091,172.28
|
12,179,401,081.58
|
|
Current liabilities:
|
|
|
Short term borrowings
|
|
100,000,000.00
|
469,970,000.00
|
|
Transactional financial liabilities
|
|
|
|
|
Bills payable
|
|
50,000,000.00
|
200,000,000.00
|
|
Accounts payable
|
|
261,361,824.23
|
143,290,107.43
|
|
Accounts received in advance
|
|
|
|
|
Wages payable
|
|
119,796,400.72
|
118,566,339.71
|
|
Tax payable
|
|
103,247,213.34
|
43,358,230.25
|
|
Interest payable
|
|
|
6,911,903.54
|
|
Dividend payable
|
|
|
|
|
Other payables
|
|
318,192,072.17
|
419,136,476.43
|
|
Non-current liabilities due within one year
|
|
|
|
|
Other current liabilities
|
|
|
|
|
Total current liabilities
|
|
952,597,510.46
|
1,401,233,057.36
|
|
Non-current liabilities:
|
|
|
Long term borrowings
|
|
2,380,250,000.00
|
2,850,250,000.00
|
|
Bonds payable
|
|
|
|
|
Long term payables
|
|
|
|
|
Special payables
|
|
|
|
|
Anticipated liabilities
|
|
|
|
|
Deferred income tax liabilities
|
|
715,000,104.74
|
335,879,277.17
|
|
Other non-current liabilities
|
|
39,791,406.18
|
40,136,375.04
|
|
Total non-current liabilities
|
|
3,135,041,510.92
|
3,226,265,652.21
|
|
Total liabilities
|
|
4,087,639,021.38
|
4,627,498,709.57
|
|
Shareholders' equity
|
|
|
Share capital
|
|
2,010,000,000.00
|
2,010,000,000.00
|
|
Capital reserve
|
|
4,027,327,367.08
|
2,889,964,884.35
|
|
Less: shares in stock
|
|
|
|
|
Surplus reserve
|
|
1,299,037,986.07
|
1,299,037,986.07
|
|
Undistributed profits
|
|
1,822,086,797.75
|
1,352,899,501.59
|
|
Foreign currency statement conversion variances
|
|
|
|
|
Total shareholders' equity
|
|
9,158,452,150.90
|
7,551,902,372.01
|
|
Total liabilities and shareholders' equity
|
|
13,246,091,172.28
|
12,179,401,081.58
|
4.2
Consolidated Statement of Profit
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB Yuan Unaudited
|
Item
|
Current Amout
(Jul.-Sept.)
|
Prior Amout
(Jul.-Sept.)
|
From Current Year Beginning to Current Period End
(Jan.-Sept.)
|
From Prior Year Beginning to Prior Period End
(Jan.-Sept.)
|
|
1. Total operating income
|
2,227,866,917.33
|
1,980,243,395.85
|
5,477,344,821.43
|
5,332,027,330.48
|
|
Including: operating income
|
2,227,866,917.33
|
1,980,243,395.85
|
5,477,344,821.43
|
5,332,027,330.48
|
|
Interest income
|
|
|
|
|
|
Insurance premium income
|
|
|
|
|
|
Service charges and commission income
|
|
|
|
|
|
2. Total operating cost
|
1,863,018,360.36
|
2,226,741,272.09
|
4,966,143,154.36
|
5,770,735,592.21
|
|
Including: operating cost
|
1,711,144,974.14
|
2,050,298,701.17
|
4,481,626,478.72
|
5,242,809,205.77
|
|
Interest expenditure
|
|
|
|
|
|
Service charges and commission expenditure
|
|
|
|
|
|
Refunded insurance premium
|
|
|
|
|
|
Net value of compensation expenditure
|
|
|
|
|
|
Net value of insurance contract allowance
|
|
|
|
|
|
Payment of insurance policy dividends
|
|
|
|
|
|
Reinsurance expenses
|
|
|
|
|
|
Operating tax and surcharges
|
14,211,089.10
|
10,110,787.23
|
36,747,118.08
|
36,170,248.46
|
|
Marketing expenses
|
|
|
|
|
|
Administrative expenses
|
60,580,103.18
|
63,296,129.36
|
195,438,085.80
|
238,931,135.64
|
|
Financial expenses
|
77,082,193.94
|
103,035,654.33
|
252,331,471.76
|
252,825,002.34
|
|
Asset devaluation loss
|
|
|
|
|
|
Add: gains from changes in fair values (with loss denoted by "-")
|
|
1,485,000.00
|
|
2,268,000.00
|
|
Return on investment (with loss denoted by "-")
|
91,876,742.10
|
-17,532,928.54
|
251,544,749.07
|
564,255,460.00
|
|
Including: returns on investment in affiliated enterprises and joint ventures
|
56,547,948.24
|
-29,921,130.84
|
199,790,955.21
|
5,275,477.59
|
|
Foreign exchange income (with loss denoted by "-")
|
|
|
|
|
|
3. Operating profit (with loss denoted by "-")
|
456,725,299.07
|
-262,545,804.78
|
762,746,416.14
|
127,815,198.27
|
|
Add: non-operating income
|
2,954,580.29
|
844,300.99
|
6,578,135.15
|
2,676,875.70
|
|
Less: non-operating expenses
|
9,770,150.50
|
5,920,261.21
|
16,184,563.45
|
15,651,597.09
|
|
Including: loss on disposal of non-current assets
|
248,940.26
|
390,913.50
|
248,940.26
|
4,165,281.70
|
|
4. Total profit (with loss denoted by "-")
|
449,909,728.86
|
-267,621,765.00
|
753,139,987.84
|
114,840,476.88
|
|
Less: income tax expenditure
|
100,922,361.21
|
-94,835,497.62
|
136,812,924.24
|
5,854,687.39
|
|
5. Net profit (with net loss denoted by "-")
|
348,987,367.65
|
-172,786,267.38
|
616,327,063.60
|
108,985,789.49
|
|
Net profit belonging to owners of the parent company
|
323,700,080.34
|
-128,456,628.27
|
564,879,145.34
|
174,068,685.83
|
|
Minority shareholders' equity
|
25,287,287.31
|
-44,329,639.11
|
51,447,918.26
|
-65,082,896.34
|
|
6. Earnings per Share
|
|
|
|
|
|
(1) Basic earnings per share
|
0.1610
|
-0.0639
|
0.2810
|
0.0866
|
|
(2) Diluted earnings per share
|
0.1610
|
-0.0639
|
0.2810
|
0.0866
|
Parent Company's Statement of Profit
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB Yuan Unaudited
|
Item
|
Current Amout
(Jul.-Sept.)
|
Prior Amout
(Jul.-Sept.)
|
From Current Year Beginning to Current Period End
(Jan.-Sept.)
|
From Prior Year Beginning to Prior Period End
(Jan.-Sept.)
|
|
1. Operating income
|
1,418,394,210.21
|
1,261,895,330.88
|
3,497,282,903.96
|
3,413,221,731.42
|
|
Less: operating cost
|
1,051,932,903.62
|
1,276,229,865.24
|
2,863,787,372.35
|
3,344,268,038.86
|
|
Operating tax and surcharge
|
8,197,254.00
|
6,353,949.20
|
24,434,885.70
|
23,771,784.22
|
|
Marketing expenses
|
|
|
|
|
|
Administrative expenses
|
47,484,006.45
|
49,338,528.34
|
157,987,672.07
|
189,605,474.79
|
|
Financial expenses
|
42,887,006.51
|
50,662,861.92
|
135,270,689.30
|
105,641,918.35
|
|
Asset devaluation loss
|
|
|
|
|
|
Add: gains from changes in fair values (with loss denoted by "-")
|
|
1,485,000.00
|
|
2,268,000.00
|
|
Return on investment (with loss denoted by "-")
|
91,876,742.10
|
-17,532,928.54
|
248,450,433.20
|
646,574,126.98
|
|
Including: return on investment in affiliated enterprises and joint ventures
|
59,642,264.11
|
-29,921,130.84
|
199,790,955.21
|
3,372,420.63
|
|
2. Operating profit (with loss denoted by "-")
|
359,769,781.73
|
-136,737,802.36
|
564,252,717.74
|
398,776,642.18
|
|
Add: non-operating income
|
2,789,029.96
|
812,250.99
|
6,093,146.15
|
2,545,013.97
|
|
Less: non-operating expenses
|
8,365,397.58
|
4,479,667.57
|
12,566,196.84
|
11,417,474.32
|
|
Including: loss on disposal of non-current assets
|
248,940.26
|
180,227.80
|
248,940.26
|
3,954,596.00
|
|
3. Total profit (with loss denoted by "-")
|
354,193,414.11
|
-140,405,218.94
|
557,779,667.05
|
389,904,181.83
|
|
Less: income tax expenditure
|
76,839,230.42
|
-95,106,988.30
|
88,592,370.89
|
7,799,043.29
|
|
4. Net profit (with net loss denoted by "-")
|
277,354,183.69
|
-45,298,230.64
|
469,187,296.16
|
382,105,138.54
|
4.3
Consolidated Statement of Cash Flow
January-September 2009
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB Yuan Unaudited
|
Item
|
Note
|
From Current Year Beginning to Current Period End
(Jan.-Sept.)
|
From Prior Year Beginning to Prior Period End
(Jan.-Sept.)
|
|
1.Cash flow generated from operating activities
|
|
|
|
|
Cash received from sale of goods and supply of labor service
|
|
6,380,640,641.88
|
6,362,807,352.18
|
|
Net increase in customer deposit and enterprise deposit
|
|
|
|
|
Net increase in borrowings from the central bank
|
|
|
|
|
Net increase in borrowed capital from other financial institutions
|
|
|
|
|
Cash gained from receipt of insurance premium
|
|
|
|
|
Net cash received from reinsurance
|
|
|
|
|
Net increase in deposit and investment of the insured
|
|
|
|
|
Net increase on disposal of transactional financial assets
|
|
|
|
|
Cash gained from receipt of interest, service charges and commission
|
|
|
|
|
Net increase in borrowed capital
|
|
|
|
|
Net increase in repurchase
|
|
|
|
|
Cash received from refund of taxes
|
|
|
72,600,000.00
|
|
Other cash received relating to operating activities
|
|
26,691,382.10
|
87,943,676.62
|
|
Sub-total of cash inflow
|
|
6,407,332,023.98
|
6,523,351,028.80
|
|
Cash paid for purchase of goods and labor services
|
|
3,797,892,331.65
|
5,166,961,200.14
|
|
Net increase in customer loan and advance
|
|
|
|
|
Net increase in deposit in central bank and in enterprise of same trade
|
|
|
|
|
Cash payment of insurance compensation
|
|
|
|
|
Cash payment of interest, service charges and commission
|
|
|
|
|
Cash payment of insurance policy dividend
|
|
|
|
|
Cash paid to and for the employees
|
|
310,522,408.84
|
310,313,680.89
|
|
Taxes paid
|
|
442,567,847.50
|
584,925,724.90
|
|
Other cash paid relating to operating activities
|
|
131,859,652.76
|
270,321,887.22
|
|
Sub-total of cash outflow
|
|
4,682,842,240.75
|
6,332,522,493.15
|
|
Net cash flow generated from operating activities
|
|
1,724,489,783.23
|
190,828,535.65
|
|
2.Cash flow generated from investment activities
|
|
|
|
|
Cash received from investment recovery
|
|
|
|
|
Cash received from investment return
|
|
55,366,456.39
|
206,589,175.25
|
|
Net cash received from disposal of fixed assets, intangible assets and other long-term assets
|
|
9,599,090.67
|
590,466,334.71
|
|
Net cash received from disposal of subsidiaries and other business units
|
|
|
|
|
Other cash received relating to investment activities
|
|
221,986.67
|
|
|
Sub-total of cash inflow
|
|
65,187,533.73
|
797,055,509.96
|
|
Cash paid for acquisition of fixed assets, intangible assets and other long-term assets
|
|
247,715,305.20
|
342,476,235.83
|
|
Cash paid for investment
|
|
102,166,674.06
|
138,571,428.57
|
|
Net increase in pledged loans
|
|
|
|
|
Net cash paid for acquisition of subsidiaries and other business units
|
|
|
|
|
Other cash paid relating to investment activities
|
|
45,444,077.43
|
|
|
Sub-total of cash outflow
|
|
395,326,056.69
|
481,047,664.40
|
|
Net cash flow generated from investment activities
|
|
-330,138,522.96
|
316,007,845.56
|
|
3. Cash flow from financing activities
|
|
|
|
|
Cash received by absorbing investment
|
|
|
|
|
Including: cash received by subsidiaries absorbing minority shareholders' investment
|
|
|
|
|
Cash received from borrowing
|
|
650,000,000.00
|
2,454,970,000.00
|
|
Cash received from issuance of bonds
|
|
|
|
|
Other cash received relating to financing activities
|
|
|
|
|
Sub-total of cash inflow
|
|
650,000,000.00
|
2,454,970,000.00
|
|
Cash paid for debt service
|
|
1,839,970,000.00
|
1,725,000,000.00
|
|
Cash paid for distribution of dividend, profit or repayment of interest
|
|
276,142,854.97
|
771,356,254.11
|
|
Including: subsidiaries' distribution of minority shareholders' dividends
|
|
|
|
|
Other cash paid relating to financing activities
|
|
1,830,000.00
|
985,500.00
|
|
Sub-total of cash outflow
|
|
2,117,942,854.97
|
2,497,341,754.11
|
|
Net cash flow generated from financing activities
|
|
-1,467,942,854.97
|
-42,371,754.11
|
|
4. Impact of foreign exchange rate fluctuation on cash and cash equivalents
|
|
-5,242.42
|
202,763.65
|
|
5. Net increase in cash and cash equivalents
|
|
-73,596,837.12
|
464,667,390.75
|
|
Add: beginning amount of cash and cash equivalents
|
|
892,449,847.25
|
751,845,772.38
|
|
6. Ending amount of cash and cash equivalents
|
|
818,853,010.13
|
1,216,513,163.13
|
Parent Company's Statement of Cash Flow
January-September 2009
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB Yuan Unaudited
|
Item
|
Note
|
From Current Year Beginning to Current Period End
(Jan.-Sept.)
|
From Prior Year Beginning to Prior Period End
(Jan.-Sept.)
|
|
1.Cash flow generated from operating activities
|
|
|
|
|
Cash received from sale of goods and supply of labor service
|
|
4,124,447,739.90
|
4,043,884,472.50
|
|
Cash received from refund of taxes
|
|
|
72,600,000.00
|
|
Other cash received relating to operating activities
|
|
14,840,475.49
|
13,261,227.77
|
|
Sub-total of cash inflow
|
|
4,139,288,215.39
|
4,129,745,700.27
|
|
Cash paid for purchase of goods and labor services
|
|
2,435,751,046.65
|
3,280,370,809.68
|
|
Cash paid to and for the employees
|
|
253,549,230.30
|
253,827,452.01
|
|
Taxes paid
|
|
329,136,632.12
|
406,560,852.78
|
|
Other cash paid relating to operating activities
|
|
112,840,959.16
|
133,080,381.97
|
|
Sub-total of cash outflow
|
|
3,131,277,868.23
|
4,073,839,496.44
|
|
Net cash flow generated from operating activities
|
|
1,008,010,347.16
|
55,906,203.83
|
|
2.Cash flow generated from investment activities
|
|
|
|
|
Cash received from investment recovery
|
|
|
|
|
Cash received from investment return
|
|
48,659,648.81
|
204,352,875.25
|
|
Net cash received from disposal of fixed assets, intangible assets and other long-term assets
|
|
9,599,090.67
|
590,426,534.71
|
|
Net cash received from disposal of subsidiaries and other business units
|
|
|
|
|
Other cash received relating to investment activities
|
|
|
|
|
Sub-total of cash inflow
|
|
58,258,739.48
|
794,779,409.96
|
|
Cash paid for acquisition of fixed assets, intangible assets and other long-term assets
|
|
217,900,801.20
|
319,062,845.03
|
|
Cash paid for investment
|
|
102,166,674.06
|
138,571,428.57
|
|
Net cash paid for acquisition of subsidiaries and other business units
|
|
|
|
|
Other cash paid relating to investment activities
|
|
|
|
|
Sub-total of cash outflow
|
|
320,067,475.26
|
457,634,273.60
|
|
Net cash flow generated from investment activities
|
|
-261,808,735.78
|
337,145,136.36
|
|
3. Cash flow from financing activities
|
|
|
|
|
Cash received by absorbing investment
|
|
|
|
|
Cash received from borrowing
|
|
100,000,000.00
|
1,634,970,000.00
|
|
Other cash received relating to financing activities
|
|
|
|
|
Sub-total of cash inflow
|
|
100,000,000.00
|
1,634,970,000.00
|
|
Cash paid for debt service
|
|
939,970,000.00
|
1,070,000,000.00
|
|
Cash paid for distribution of dividend, profit or repayment of interest
|
|
146,244,483.89
|
623,211,859.11
|
|
Other cash paid relating to financing activities
|
|
|
|
|
Sub-total of cash outflow
|
|
1,086,214,483.89
|
1,693,211,859.11
|
|
Net cash flow generated from financing activities
|
|
-986,214,483.89
|
-58,241,859.11
|
|
4. Impact of foreign exchange rate fluctuation on cash and cash equivalents
|
|
-5,242.42
|
202,763.65
|
|
5. Net increase in cash and cash equivalents
|
|
-240,018,114.93
|
335,012,244.73
|
|
Add: beginning amount of cash and cash equivalents
|
|
737,005,708.06
|
526,272,768.41
|
|
6. Ending amount of cash and cash equivalents
|
|
496,987,593.13
|
861,285,013.14
|
This information is provided by RNS
The company news service from the London Stock Exchange END QRTKGMZGLLZGLZG
|
|