深圳南山热电股份有限公司 2018 年半年度报告摘要 Stock Code: 000037, 200037 Notice No.: 2018-026 Short Form of the Stock: Shen Nandian A, Shen Nandian B Shenzhen Nanshan Power Co., Ltd. Summary of Semi-Annual Report 2018 I. Important Notice The summary is abstract from full-text of semi-annual report, for more details of operating results, financial condition and future development plan of the Company; investors should found in the full-text of semi-annual report that published on media appointed by CSRC. Objection statement of directors, supervisors and senior executives Name Position Content and reason Statement Other directors attending the Meeting for semi-annual report deliberation except for the followed Name of director absent Title for absent director Reasons for absent Attorney Prompt of non-standard audit opinion □ Applicable √ Not applicable Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting period □ Applicable √ Not applicable The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve. Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period □ Applicable √ Not applicable II. Company profile 1. Company Profile Short form of the stock Shen Nandian A, Stock code 000037, 200037 Shen Nandian B Stock exchange for listing Shenzhen Stock Exchange Person/Way to contact Secretary of the Board Rep. of security affairs Name Zhang Jie 16/F-17/F, Hantang Building, OCT, Nanshan Office add. District, Shenzhen, Guangdong Province 1 深圳南山热电股份有限公司 2018 年半年度报告摘要 Tel. 0755-26003611 E-mail investor@nspower.com.cn 2. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data or not □Yes √ No Increase/decrease in this Current period Same period of last year report y-o-y Operating revenue (RMB) 1,079,760,214.80 872,962,697.33 23.69% Net profit attributable to shareholders of 30,012,095.22 -22,629,201.38 -232.63% the listed company (RMB) Net profit attributable to shareholders of the listed company after deducting 28,904,372.78 -25,113,210.11 -215.10% non-recurring gains and losses (RMB) Net cash flow arising from operating 52,590,634.28 -65,448,855.27 -180.35% activities (RMB) Basic earnings per share (RMB/Share) 0.050 -0.040 -225.00% Diluted earnings per share (RMB/Share) 0.050 -0.040 -225.00% Weighted average ROE 1.46% -1.30% -212.31% Increase/decrease in this End of current period End of last period report-end over that of last period-end Total assets (RMB) 3,264,506,507.10 2,883,804,392.70 13.20% Net assets attributable to shareholder of 1,988,630,180.61 1,958,618,085.39 1.53% listed company (RMB) 3. Number of shares and shares held In Share Total preference shareholders Total common stock shareholders in with voting rights recovered at 30,739 0 reporting period-end end of reporting period (if applicable) Top ten shareholders Number of share Full name of Nature of Proportion of Shareholding Amount of restricted shares held pledged/frozen Shareholders shareholder shares held numbers State of share Amount HONG KONG NAM HOI Overseas 15.28% 92,123,248 (INTERNATIO corporate NAL) LTD Shenzhen Guangju State-owned 12.22% 73,666,824 Industrial Co., corporate Ltd. SHENZHEN State-owned 10.80% 65,106,130 ENERGY corporate 2 深圳南山热电股份有限公司 2018 年半年度报告摘要 (GROUP) CO., LTD. BOCI Overseas SECURITIES 1.44% 8,690,627 corporate LIMITED Domestic Zeng Ying 1.14% 6,878,096 nature person China Merchants State-owned 1.13% 6,823,369 Securities (HK) corporate Co., Limited Domestic Liu Fang 0.93% 5,604,273 nature person Meiyi Domestic Investment non-state-owne 0.77% 4,615,800 Property Co., d corporate Ltd. Domestic Li Baoqin 0.66% 3,989,100 nature person Domestic Zhang Heping 0.64% 3,840,300 nature person 1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED100% held by Explanation on associated SHENZHEN ENERGY (GROUP) CO., LTD relationship among the aforesaid 2. The Company is unknown whether there exists associated relationship or belongs to the shareholders consistent actor among the other shareholders. Shareholders involving margin Among the top ten shareholders, Ms. Liu Fang holds 2,659,373 shares through credit transaction business guarantee securities account 4. Changes of controlling shareholders or actual controller Changes of controlling shareholders in reporting period □ Applicable √ Not applicable Changes of controlling shareholders had no change in reporting period. Changes of actual controller in reporting period □ Applicable √ Not applicable Changes of actual controller in reporting period had no change in reporting period. 5. Total preferred stock shareholders of the Company and shares held by top ten shareholders with preferred stock held □ Applicable √ Not applicable No preferred stock in reporting period. 6. Corporation Bonds Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date when annual report approved for released or fail to cash in full on due No 3 深圳南山热电股份有限公司 2018 年半年度报告摘要 III. Discussion and analysis by the Management Team 1. Introduction of operation in the reporting period Dose the Company need to comply with disclosure requirements of the special industry No In the first half of 2018, China’s macro-economy continued the overall smooth and stable development trend, the structural adjustments were further advanced, the new and old kinetic energy continued to be transformed, and the quality and efficiency improved steadily. The economic operation of Guangdong Province is also steadily improving, and the main leading indicators of the industrial economy are generally better than the same period last year. At the same time, since the beginning of this year, especially the middle of May, the continuous hot weather has increased the demand for electricity. According to the statistics and analysis of relevant departments, from January to June, the whole province’s total electricity consumption reached 293.049 billion kwh, an increase of 9.28% on a year-on-year basis, and the power demand grew rapidly. However, due to the tight supply of upstream gas sources and the difficulty in purchasing incremental gas sources, gas turbine power plants have the risks of out of gas and outage during the summer. During the reporting period, the Company overcame the pressure of shortage of gas, fierce market competition and aging equipment, and continued to adhere to the “1+5” strategic roadmap as the guideline, took “focusing on benefits, increasing gas sources, and promoting transformation” as the management policy, strived to improve the operational benefits of main business, continuously improved the core competitiveness, and innovated and carried out a series of fruitful work, and achieved a year-on-year turnaround in operating results. First is to pay close attention to the safety production, environmental protection and economic operation of subordinate power plants, which achieved the safety “five no” and reached the environmental protection standards. Second is to set up the electricity selling centers, while striving for the base electric quantity, the Company thoroughly studied the trading rules of electricity market in Guangdong Province and conscientiously formulated the trading strategies for contractual electricity quantity transfer transactions and monthly concentrated bidding transactions to maximize the production efficiency. Third is to cooperate with Shenzhen Gas Group Co., Ltd. to complete the construction of technical transformation project for ShenRan natural gas terminal station of Nanshan Thermal Plant, and signed the Natural Gas Purchase and Sale Agreement with it, which not only broadened the supply channels of natural gas but also eased the short supply of upstream gas sources. Fourth is to establish a fuel center, give full play to the advantages of large-scale procurement, and coordinate the procurement of natural gas in various power plants within the system, which enhanced the Company’s bargaining power; Fifth is to establish a fund center which not only guaranteed the fund security but also effectively saved the financial costs by strengthening the fund management within the system. The sixth is to steadily promote the various wok of the “Shenzhen Blue” technical transformation project in the early stages according to the relevant government policies, and strive to complete the upgrade of at least one set of low-nitrogen burners in accordance with the requirements of the government. The seventh is to track the government’s policy dynamics and related work progress on the land of Qianhai and do its utmost to protect the interests of the Company’s shareholders and employees. The eighth is to further promote the Company’s standardized operation level and management performance, we revised the Company’s “Articles of Association” and other six corporate governance systems, formulated and improved relevant management regulations and business processes, and set up an information center to provide supports for further enhancing the management efficiency. Ninth is to strengthen the party building work, and incorporate the relevant regulations of party building work into the “Articles of Association” to organically combine the strengthening of party leadership with the improvement of corporate governance. During the reporting period, the Company achieved operating income of 107,976 million Yuan, net profit attributable to parent Company amounted as 30.01 million Yuan, which increased 52.64 million Yuan over that of last period noted as (22.63) million Yuan, basic earnings per share comes to 0.05 Yuan. 4 深圳南山热电股份有限公司 2018 年半年度报告摘要 2. Relevant items involving financial report (1) Particulars about the changes in aspect of accounting policy, estimates and calculation method compared with the financial report of last fiscal period □ Applicable √ Not applicable (2) Major accounting errors within reporting period that needs retrospective restatement □ Applicable √ Not applicable No major accounting errors within reporting period that needs retrospective restatement for the Company in reporting period. (3) Particulars about the change of consolidation range compared with the financial report of last fiscal period □ Applicable √ Not applicable The Company had no particular about the change of consolidation range compared in reporting period. 5