no.10of2015(generalserialno.207).docVIP

No. 10 of 2015 (General Serial No. 207): The Audit Results of the Financial Revenues and Expenditures of China Guodian Corporation for the Year 2013 (June 28, 2015) In accordance with the stipulations of The Audit Law of the People’s Republic of China, in 2014 the National Audit Office conducted auditing on the situation of financial revenues and expenditures of the year 2013 of China Guodian Corporation (hereafter referred to as Guodian Corporaiton). The auditing work was focused on the headquarters of Guodian Corporation as well as the Guodian Science, Technology, and Environmental Protection Corporation Co. Ltd. (hereafter referred to as Guodian Science and Environment), Guodian Shaanxi Electric Power Corporation (hereafter referred to as Shaanxi Corporation), Guodian Yinglite Energy and Chemical Corporation Co. Ltd. (hereafter referred to as Yinglite Corporation) and other six subunits, and made follow-on and retroactive efforts on relevant items. I. Overview Guodian Corporation was founded in December 2002. As to the end of 2013, it has a registered capital of RMB 12 billion, possesses 772 wholly-owned or holding subsidiaries as well as 73 joint stock companies. The main business areas it engages in include the development, investment, construction, operation and management of power sources, production and sales of electric and thermo power, investment in coal energy related to electric power, the investment, construction, operation, and management of power generating facilities, new energies, transportation, high-techs, and environmental protection industry etc.. As reflected in the combined financial statement of the Guodian Corporation, the total assets in the end of 2013 amounted to RMB786.027 billion, the total liabilities reached RMB656.87 billion, and there was RMB129.157 billion worth of owners’ equity. The realized operating revenue of the same year was RMB232.764 billion and a net profit of RMB12.373 was earned. The asset-liability ratio was 83