Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2020 GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD. The Semi-annual Report 2020 August 2020 1 Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2020 I. Important Notice, Table of Contents and Definitions The Board of Directors , Supervisory Committee ,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.Wang Jin, The Company leader, Mr. Liu Wei, Chief financial officer and the Mr.Meng Fei, 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 semi-annual report. Other directors attending the Meeting for the Semi-annual report deliberation except for the followed: Name of director absent Title for absent director Reasons for absent Attorney Wang Jin Director Due to business Zheng Yunpeng Li Fangji Director Due to business Zheng Yunpeng Chen Ze Director Due to business Rao Subo Yan Ming Director Due to business Wen Lianhe Liang Peilu Director Due to business Sha Qilin Mao Qinghan Director Due to business Ma Xiaoqian This semi-annual report involves the forecasting description such as the future plans, and does not constitute the actual commitments of the company to the investors. Investors and stakeholders should all maintain sufficient awareness of risks for this and understand the differences between plans, forecasts and commitments. The Company is mainly engaged in thermal power generation. The business of thermal power generation is greatly affected by factors including electric power demand and fuel price. Refer to Section X(4) of Chapter 4 of this annual report-situation faced and countermeasures for relevant information. The Company Will not distribute cash dividend or bonus shares, neither capitalizing of common reserves for the report period. 2 Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2020 Table of Contents The Semi-annual Report 2020 I.Important Notice, Table of contents and Definitions II. Basic Information of the Company and Financial index III. Outline of Company Business IV. Management’s Discussion and Analysis V. Important Events VI. Change of share capital and shareholding of Principal Shareholders VII. Situation of the Preferred Shares VIII. Information about convertible corporate bonds IX. Information about Directors, Supervisors and Senior Executives X. Corporate Bond XI. Financial Report XII. Documents available for inspection 3 Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2020 Definition Terms to be defined Refers to Definition Guangdong Energy Group Refers to Guangdong Energy Group Co., Ltd. Guangqian Company Refers to Shenzhen Guangqian Electric Power Co., Ltd. Bohe Company Refers to Guangdong Yudean Bohe Coal & Electricity Co., Ltd Dapu Company Refers to Guangdong Dapu Power Generation Co., Ltd. Wind Power Company Refers to Guangdong Wind Power Co., Ltd. Lincang Company Refers to Lincang Yudean Energy Co., Ltd. Qujie Wind Power Company Refers to Guangdong Yudean Qujie Wind Power Generation Co., Ltd. Electric Power Sales Company Refers to Guangdong Yudean Electric Power Sales Co., Ltd. Anxin Electric Inspection & Installation Guangdong Yudean Anxin Electric Inspection & Installation Co., Refers to Company Ltd Tongdao Wind Power Company Refers to Tongdao Yuexin Wind Power Generation Co., Ltd. Zhongyue Compamy Refers to Zhanjiang Zhongyue Energy Co., Ltd. Yuejiang Company Refers to Guangdong Shaoguan Yuejiang Power Generation Co., Ltd. Yongan Natural Gas Company Refers to Guangdong Yudean Yongan Natural Gas Thermal Power Co., Ltd. Leizhou Wind Power Company Refers to Guangdong Yudean Leizhou Wind Power Generation Co., Ltd. Zhanjiang Company Refers to Zhanjiang Electric Power Co., Ltd. Zhanjiang Wind Power Company Refers to Guangdong Yudean Zhanjiang Wind Power Co., Ltd. Huizhou Natural Gas Company Refers to Guangdong Huizhou Natural Gas Power Co., Ltd. Zhenneng Company Refers to Maoming Zhenneng Thermal Power Co., Ltd. Jinghai Company Refers to Guangdong Yudean Jinghai Power Co., Ltd. Red Bay Company Refers to Guangdong Red Bay Power Co., Ltd. Huadu Natural Gas Company Refers to Guangdong Huadu Natural GasT Thermal Power Co., Ltd. Humen Power Company Refers to Guangdong Yudean Humen Power Co., Ltd. Yuejia Company Refers to Guangdong Yuejia Electric Power Co., Ltd. Pinghai Power Plant Refers to Guangdong Hluizhou Pinghai Power Co., Ltd. Pingdian Integrated Energy Company Refers to Huizhou Pingdian Integrated Energy Co., Ltd. Zhencheng Integrated Energy Company Refers to Guangdong Yudean Zhencheng Integrated Energy Co., Ltd. Daya Bay Company Refers to Guangdong Yudean Daya Bay Integrated Energy Co., Ltd. Qiming Company Refers to Guangdong Yudean Qiming Energy Co., Ltd. Binhaiwan Energy Company Refers to Guangdong Yudean Binhaiwan Energy Co., Ltd. Dianbai Wind Power Company Refers to Guangdong Yudean Dianbai Wind Power Co., Ltd. 4 Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2020 Yangjiang Wind Power Company Refers to Guangdong Yudean Yangjiang Offshore Wind Power Co., Ltd. Heping Wind Power Company Refers to Guangdong Yudean Heping Wind Power Co., Ltd. Pingyuan Wind Power Company Refers to Guangdong Yudean Pingyuan Wind Power Co., Ltd. Zhuhai Wind Power Company Refers to Guangdong Yudean Zhuhai Offshore Wind Power Co., Ltd. Wuxuan Wind Power Company Refers to Guangxi Wuxuan Yudean New Energy Co., Ltd. Xupu Wind Power Company Refers to Hunan Xupu Yuefeng New Energy Co., Ltd. Shibeishan Wind Power Refers to Guangdong Yudean Shibeishan Wind Energy Development Co., Ltd. Huilai Wind Power Company Refers to Huilai Wind Power Generation Co., Ltd. Yudean Industry Fuel Company Refers to Guangdong Power Industry Fuel Co., Ltd. Guangdong Energy Property Insurance Captive Co., Ltd. (formerly " Guangdong Energy Insurance Company Refers to Guangdong Yudean Property Insurance Captive Co., Ltd.." renamed on July 27, 2020) Shanxi Energy Company Refers to Shanxi Yudean Energy Co., Ltd. Yudean Shipping Company Refers to Guangdong Yudean Shipping Co., Ltd. Yudean Western Investment Company Refers to Guangdong Yudeann Holdings Western Investment Co., Ltd. Guangdong Energy Group Finance Co., Ltd. (formerly "Guangdong Energy Group Finance Company Refers to Yudean Finance Co., Ltd." renamed on March 10, 2020) Guohua Taishan Company Refers to Guangdong Guohua Yudean Taishan Power Generation Co., Ltd. Weixin Energy Co., Ltd. Refers to Yunnan Yuntou Weixin Energy Co., Ltd. Zhongxinkeng hydropower station Refers to Yangshan Zhongxinkeng Power Co., Ltd. Jiangkeng hydropower station Refers to Yangshan Jiangkeng hydropower station Southern Offshore wind power Refers to Southern Offshore wind power Union Development Co., Ltd. Sunshine Insurance Refers to Sunshine Insurance Group Co., Ltd. Shenzhen Capital Refers to Shenzhen Capital Group Co., Ltd. GMG Refers to GMG International Tendering Co., Ltd. Shenzhen Energy Refers to Shenzhen Energy Group Co., Ltd. Shenergy Company Refers to Shenergy Company Limited 5 Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2020 II. Corporate Profile and Key Financial Results I.Company information Stock abbreviation Yue Dian Li A, Yue Dian Li B Stock code： 000539、200539 Stock exchange for listing Shenzhen Stock Exchange Name in Chinese 广东电力发展股份有限公司 Abbreviation of Registered Company 粤电力 Name in Chinese(If any) English name (If any) GUANGDONG ELECTRIC POWER DEVELOPMENT CO.,LTD English abbreviation (If any) GED Legal Representative Wang Jin Ⅱ.Contact person and contact manner Board secretary Securities affairs Representative Name Liu Wei Qin Xiao 35F, South Tower, Yudean Plaza, No.2 36/F, South Tower, Yudean Plaza, No.2 Contact address Tianhe Road East, Guangzhou,Guangdong Tianhe Road East, Guangzhou,Guangdong Province Province Tel (020)87570251 (020)87570251 Fax (020)85138084 (020)85138084 E-mail [email protected] [email protected] III. Other info. 1. Way of contact Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or not □ Applicable √ Not applicable Registrations address, offices address and codes as well as website and email of the Company has no change in reporting period, found more details in annual report 2019. 2. Information inquiry Whether information disclosure and preparation place changed in reporting period or not □ Applicable √ Not applicable None of the official presses, website, and place of enquiry has been changed in the semi report period. For details please find the Annual Report 2019. IV.Summary of Accounting data and Financial index May the Company make retroactive adjustment or restatement of the accounting data of the previous years 6 Guangdong Electric Power Development Co., Ltd. The Semi-annual Report 2020 □ Yes √ No Reporting period Same period of last year YoY+/-（%） Operating income（yuan） 12,539,917,823 12,874,181,250 -2.60% Net profit attributable to the shareholders 813,684,495 581,569,383 39.91% of the listed company（yuan） Net profit after deducting of non-recurring gain/loss attributable to the shareholders of 784,542,709 588,588,917 33.29% listed company（yuan） Cash flow generated by business operation, 4,018,221,897 3,803,441,801 5.65% net（yuan）