Summary of the 2023 Annual Report of Shenzhen Nanshan Power Co., Ltd.
Ticker: 000037, 200037 Stock name: Shenzhen Nanshan Power A, Shenzhen Nanshan Power B Announcement No.: 2024-020
Summary of the 2023 Annual Report of Shenzhen Nanshan Power Co., Ltd.
I. Important
The annual report summary is extracted from the full text of the annual report. In order to fully understand the
Company's operating results, financial status and future development plans, investors should carefully read the
full text of the annual report through media designated by the China Securities Regulatory Commission.
Except for the following directors, all other directors attended in person the meeting of the Board of Directors to
review this annual report
Name of director who Reasons for not attending Name of the person
Position of director who
was not present in person the meeting in person entrusted
was not present in person
Sun Huirong Director Work related reasons Huang Qing
Huang Xiqin Independent director Work related reasons Du Wei
Chen Zetong Independent director Work related reasons Du Wei
Prompt of non-standard audit opinion
□Applicable Not applicable
Proposed profit distribution plan for the reporting period or the plan for converting capital reserves into share
capital reviewed by the Board of Directors
□Applicable Not applicable
The Company plans not to distribute cash dividends, give away bonus shares, or increase share capital by
capital reserves.
Proposed profit distribution plan for preferred shares approved by the Board of Directors for the reporting
period
□Applicable Not applicable
There were no preferred shares in the Company during the reporting period.
II. Basic Information of the Company
1. Company profile
Shenzhen Nanshan Power
Stock name 000037、200037 Ticker A, Shenzhen Nanshan
Power B
Stock exchange Shenzhen Stock Exchange
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Summary of the 2023 Annual Report of Shenzhen Nanshan Power Co., Ltd.
Contact person and contact
Secretary of the Board of Directors Securities representative
details
Name Zou Yi
16/F-17/F, Hantang Building, OCT,
Office address Nanshan District, Shenzhen, Guangdong
Province
Fax 0755-26003684
Tel. 0755-26003611
E-mail investor@nspower.com.cn
2. Introduction to main business or products during the reporting period
The Company's main business includes power and heat supply for production and operation, and technical
consulting and technical services related to power plants (stations). At the end of the reporting period, the
Company owned two gas turbine power plants. Among them, Nanshan Power Plant had three sets of 9E gas-
steam combined cycle generating units with total installed capacity of 540,000 kilowatts, located in the power
load center area of Qianhai Free Trade Zone, Shenzhen. They are main peak shaving power in the region, and
are currently in normal production and operation; Zhongshan Nanlang Power Plant received the Letter on
Matters Regarding the Units Shutdown of Shenzhen Nanshan Power (Zhongshan) Power Co., Ltd. Nanlang
Power Plant from Energy Bureau of Guangdong Province on November 6, 2023 (YNDLH [2023] No. 672), in
which Energy Bureau of Guangdong Province agreed to shut down two 180MW gas-fired cogeneration units of
Zhongshan Nanlang Power Plant. At present, the two 9E gas-steam combined cycle power generating units
owned by Zhongshan Nanlang Power Plant have been shut down and withdrawn from dispatching operation,
and the related assets of the power generating units have entered the public listing and transfer process.
During the reporting period, the Company's main power business faced challenges such as fierce competition in
the power market and sustained high fuel price. In order to reduce the negative impact of the external
environment on the Company's operating performance, the Company has implemented a series of business
layout and management changes with innovative thinking and perseverance. The Company clarified annual
business goals and policies, adopted targeted major measures, and continuously increased the efforts in
economic operation management on the basis of strict work safety management. The Company, in line with the
trend of accelerating the power market-oriented reform process in Guangdong Province, organized subordinate
power plants to actively participate in power market marketing and achieved good results, which made
contributions to the Company's turn from losses to profits.
During the reporting period, the Company paid close attention to the operational development and market
expansion of its existing business. Its subsidiary Shenzhen Nanshan Power Engineering Company continued to
develop technical consulting and technical services for domestic and foreign gas turbine power station
construction projects while seizing strategic opportunities for the development new energy industry. It focused
on exploring new energy business, tried to build a "construction, operation, management and maintenance"
platform for new energy. With its professional and refined technical capabilities, Shenzhen Nanshan Power
Engineering Company has signed multiple contracts to provide clients with professional technical services;
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Summary of the 2023 Annual Report of Shenzhen Nanshan Power Co., Ltd.
Shenzhen Nanshan Power Environmental Protection Company took integrated energy service as its
transformation and development direction, actively expanded comprehensive energy service projects such as
industrial and commercial energy storage, distributed photovoltaic, charging pile, striving to create a new
integrated energy service business model.
3. Key accounting data and financial indicators
(1) Key accounting data and financial indicators in the past three years
Whether the Company need to retroactively adjust or restate the previous accounting data
□Yes No
Unit: RMB
Change compared
End of 2023 End of 2022 with the end of the End of 2021
previous year
Total assets 2,049,365,388.69 2,606,216,345.99 -21.37% 2,790,002,824.41
Net assets
attributable to
1,459,288,691.94 1,455,129,894.84 0.29% 1,615,293,135.51
shareholders of
listed companies
Change compared
2023 2022 with the previous 2021
year
Operating revenue 589,780,190.71 694,227,657.28 -15.05% 757,175,743.41
Net profit
attributable to
4,158,797.10 -160,163,240.67 102.60% -439,448,712.13
shareholders of
listed companies
Net profit
attributable to
shareholders of
listed companies -70,789,007.91 -225,967,573.71 68.67% -514,142,213.75
after deducting non-
recurring gains and
losses
Net cash flows from
-100,371,976.92 207,168,402.26 -148.45% -39,258,302.07
operating activities
Basic earnings per
0.0069 -0.2657 102.60% -0.7291
share (RMB/share)
Diluted earnings 0.0069 -0.2657 102.60% -0.7291
per share
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Summary of the 2023 Annual Report of Shenzhen Nanshan Power Co., Ltd.
(RMB/share)
Weighted average
+10.72 percentage
rate of return on net 0.29% -10.43% -23.95%
points
assets
(2) Key accounting data by quarter
Unit: RMB
Q1 Q2 Q3 Q4
Operating revenue 111,067,616.64 160,200,568.41 182,838,205.80 135,673,799.86
Net profit
attributable to
-31,147,959.30 -6,092,780.26 8,482,149.79 32,917,386.87
shareholders of
listed companies
Net profit
attributable to
shareholders of
listed companies -41,178,992.24 -13,698,338.39 2,109,131.54 -18,020,808.82
after deducting non-
recurring gains and
losses
Net cash flows from
-36,865,225.55 -20,151,263.99 -62,363,198.51 19,007,711.13
operating activities
Whether there are significant differences between the above financial indicators or their totals and the relevant
financial indicators disclosed by the Company in quarterly reports and semi-annual reports or not
□Yes No
4. Share capital and shareholders
(1) The number of ordinary shareholders and preferred shareholders whose voting right have been
restored and the shareholding status of the top 10 shareholders
Unit: share
Total Total
Total number number
number of of Total number of
of ordinary preferred preferred shareholders
ordinary sharehold sharehold whose voting rights
sharehold 48,884 ers at the 54,471 ers whose 0 were restored at the 0
ers at the end of the voting end of the month prior
end of the month rights to the disclosure date
reporting prior to were of the annual report
period the restored
disclosure at the end
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Summary of the 2023 Annual Report of Shenzhen Nanshan Power Co., Ltd.
date of of the
the reporting
annual period
report
Shareholding status of the top 10 shareholders (excluding shares lent through refinancing)
Pledge, marking or
Number of freezing
Nature of
Shareholdi Number of shares held
Name of shareholder shareholde
ng ratio shares held with selling
r Share
restrictions Quantity
status
HONG KONG NAM
Overseas
HOI
legal 15.28% 92,123,248
(INTERNATIONAL)
person
LTD
State-
Shenzhen Guangju owned
12.22% 73,666,824
Industrial Co., Ltd. legal
person
State-
Shenzhen Energy owned
10.80% 65,106,130
Corporation legal
person
BOCI Overseas
SECURITIES legal 1.91% 11,522,048
LIMITED person
Domestic
Zeng Ying natural 1.19% 7,159,600
person
China Merchants Overseas
Securities (Hong legal 0.88% 5,330,854
Kong) Co., Ltd. person
Domestic
non-state-
Meiyi Investment
owned 0.87% 5,223,200
Real Estate Co., Ltd.
legal
persons
Overseas
LISHERYNZHANMI
natural 0.66% 4,005,959
NG
person
Haitong International
Overseas 0.65% 3,908,357
Securities Company
legal
Limited-Account
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Summary of the 2023 Annual Report of Shenzhen Nanshan Power Co., Ltd.
Client person
Domestic
Huang Yilong natural 0.64% 3,866,500
person
Explanation of the 1. Shenzhen Energy Corporation holds 100% equity of HONG KONG NAM HOI
above-mentioned (INTERNATIONAL) LTD
shareholders'
relationship or 2. The Company does not know whether the other above-mentioned public
concerted actions shareholders are in relationship or are persons in concerted actions
Description of
shareholders involved
in margin trading and None
securities lending
business (if any)
The top ten shareholders participating share lending through refinancing
□Applicable Not applicable
Changes in the top 10 shareholders compared with the previous period
Applicable □ Not applicable
Unit: share
Changes in the top 10 shareholders compared with the end of the previous period
Number of shares held in
Number of shares lent through shareholders' general accounts and
New/withdr refinancing and not yet returned at credit accounts, and shares lent
awal during the end of the period through refinancing and not yet
Shareholder name
the returned at the end of the period
(full name)
reporting
period
Ratio to total Ratio to total
Total quantity Total quantity
share capital share capital
Li Baoqin Withdrawal 3,048,150 0.51%
LISHERYNZHAN
New 4,005,959 0.66%
MING
(2) Total number of preferred shareholders of the Company and shareholding status of the top 10
preferred shareholders
□Applicable Not applicable
The Company has no preferred shareholders during the reporting period.
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Summary of the 2023 Annual Report of Shenzhen Nanshan Power Co., Ltd.
(3) Disclose the property rights and control relationship between the Company and actual controllers in
the form of block diagrams
Shenzhen State-owned Assets Supervision Shenzhen Nanshan District State-owned
and Administration Commission Assets Supervision and Management Bureau
Shenzhen Shenhuitong Investment Holding
Co., Ltd.
Shenzhen Huitong Financial Holdings Fund
Investment Co., Ltd.
Shenzhen Kehuitong Investment Holding Co.,
Ltd.
Shenzhen Capital Holdings Co., Ltd.
Shenzhen Guangju Investment Holdings (Group)
Co., Ltd.
Shenzhen Energy (Hong Kong) International
Limited
Shenzhen Guangju Energy Co., Ltd.
HONG KONG NAM HOI
Shenzhen Energy Corporation (INTERNATIONAL) LTD
Shenzhen Guangju Industrial Co., Ltd.
Shenzhen Nanshan Power Co., Ltd.
5. Bonds existing on the date of approval of the annual report
□Applicable Not applicable
III. Important matters
During the reporting period, there were no material changes in the Company's operating conditions. For details
of the Company's business operations and management operations during the reporting period, please refer to
the full text of the Company's 2023 Annual Report.
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