2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Ticker: 000037, 200037 Stock name: Shenzhen Nanshan Power A, Shenzhen Nanshan Power B Announcement No.: 2024-030
Shenzhen Nanshan Power Co., Ltd.
2024 First Quarter Report
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate and
complete, and contains no false records, misleading statements or major omissions.
Important:
1. The Board of Directors, the Board of Supervisors, the directors, supervisors and senior officers shall ensure that the quarterly
report is true, accurate and complete, and contains no false records, misleading statements or major omissions, and shall bear
individual and joint legal liability.
2. The Company's Principal, Chief Accountant, Chief Financial Officer and Head of the Finance Department (Finance Head)
hereby declare and guarantee that the financial information in the quarterly report is true, accurate and complete.
3. Whether the First Quarter Report has been audited
□Yes No
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
I. Key financial data
(I) Key accounting data and financial indicators
Whether the Company needs to retroactively adjust or restate the accounting data of previous years
□Yes No
Increase or decrease in the
reporting period compared
The reporting period Same period last year
with the same period last year
(%)
Operating revenue (RMB) 80,580,975.91 111,067,616.64 -27.45%
Net profit attributable to
shareholders of listed -29,071,219.61 -31,147,959.30 6.67%
companies (RMB)
Net profit attributable to
shareholders of listed
companies after deducting -32,868,603.74 -41,178,992.24 20.18%
non-recurring profit or loss
(RMB)
Net cash flows from operating
-71,854,442.05 -36,865,225.55 -94.91%
activities (RMB)
Basic earnings per share
-0.0482 -0.0517 6.77%
(RMB/share)
Diluted earnings per share
-0.0482 -0.0517 6.77%
(RMB/share)
Weighted average rate of Increased by 0.15 percentage
-2.01% -2.16%
return on net assets points
Increase or decrease at the
At the end of the reporting At the end of the previous end of the reporting period
period year compared with the end of the
previous year (%)
Total assets (RMB) 2,055,455,896.84 2,049,365,388.69 0.30%
Owners' equity attributable to
shareholders of listed 1,431,132,704.93 1,459,288,691.94 -1.93%
companies (RMB)
(II) Non-recurring profit or loss items and amounts
Applicable □Not applicable
Unit: RMB
Item Amount in the reporting period Remark
Profit or loss on disposal of non-current
Mainly due to the impact of profit or loss
assets (including write-off of provision -107,421.00
from disposal of non-current assets
for asset impairment)
Government subsidies included in the
current profit or loss (except for those
that are closely related to the Company's Mainly government subsidies related to
normal business operations, comply with income and apportionment of
2,026,590.29
national policies and regulations, are government subsidies related to assets,
enjoyed according to determined etc.
standards, and have a sustained impact
on the Company's profit or loss)
Mainly investment income obtained from
Profit or loss from changes in fair value 1,847,905.67
financial assets held for trading
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
of financial assets and liabilities held by
non-financial enterprises and profit or
loss from the disposal of financial assets
and financial liabilities, except for
effective hedging operations related to
the Company's normal business
operations
Other non-operating revenue and
37,730.70
expenses other than the above
Less: effect of minority interests (after
7,421.53
tax)
Total 3,797,384.13 --
Details of other profit or loss items that meet the definition of non-recurring profit or loss
□Applicable Not applicable
The Company had no specific profit or loss items that meet the definition of non-recurring profit or loss.
Notes on the definition of the non-recurring profit or loss items listed in the Interpretive Announcement No. 1 on Information
Disclosure of Companies Issuing Securities to the Public - Non-recurring Profit or Loss as recurring profit or loss items
□Applicable Not applicable
The Company had no circumstances of definition of the non-recurring profit or loss items listed in the Interpretive Announcement
No. 1 on Information Disclosure of Companies Issuing Securities to the Public - Non-recurring Profit or Loss as recurring profit or
loss items.
(III) Changes in key accounting data and financial indicators and their causes
Applicable □Not applicable
Balance sheet March 31, 2024 January 1, 2024 Change Description of changes
items ratio
Mainly due to the Company's the current
period investment in Shenzhen New
Energy Storage Industry Equity Fund
Monetary funds 102,511,047.91 316,188,782.49 -67.58%
and the placement of self-owned funds in
structured deposits, resulting in a
decrease in monetary funds
Mainly due to the increase in financial
assets held for trading as a result of the
Financial assets
394,000,000.00 226,000,000.00 74.34% placement of structured deposits with
held for trading
idle self-owned funds during the current
period.
Mainly due to the depreciation of right-
Right-of-use
906,778.55 2,266,946.42 -60.00% of-use assets according to their useful
assets
life
Mainly due to the Company's efforts to
strengthen project development and take
Notes payable 40,000,000.00 0.00 100.00%
multiple measures to coordinate funds,
resulting in an increase in notes payable
Mainly due to the decrease in natural gas
Accounts payable 1,121,465.81 4,342,166.50 -74.17%
payables
Mainly due to the payment of employee
compensation related to land acquisition
Employee
and storage of Shenzhen Nanshan Power
compensation 4,648,453.24 46,238,982.57 -89.95%
Zhongshan Company in the current
payable
period, resulting in a decrease in
employee compensation payable
Mainly due to the decrease in value-
Taxes payable 296,962.89 3,089,330.47 -90.39%
added tax payable
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Year-on-year
Income statement
January-March 2024 January-March 2023 increase or Description of changes
items
decrease
Mainly because Shenzhen Nanshan
Power Zhongshan Company no longer
engaged in power production and sales
Operating revenue 80,580,975.91 111,067,616.64 -27.45% business due to shutdown units and land
acquisition and storage in the current
period, and the operating revenue
decreased year-on-year
Mainly because Shenzhen Nanshan
Power Zhongshan Company no longer
engaged in power production and sales
Operating costs 87,874,016.00 126,842,855.91 -30.72% business due to shutdown units and land
acquisition and storage in the current
period, resulting in a decrease in the
operating costs on a year-on-year basis
Mainly due to the Company's continued
efforts to strengthen project
Selling and development and vigorously expansion
distribution 877,286.87 62,973.97 1293.09% of its business in the field of integrated
expenses energy service, resulting in an increase
in the selling and distribution expenses
on a year-on-year basis
Mainly due to the decrease in R&D
projects in the current period compared
R&D expenses 3,803,023.78 5,693,516.08 -33.20%
with the same period last year, resulting
in a decrease in R&D expenses
Mainly due to the Company's
optimization of the asset and liability
structure and continued reduction of
Financial expenses 3,174,568.27 5,148,233.99 -38.34%
financing costs, resulting in a decrease
in the financial expenses on a year-on-
year basis
Mainly due to the decrease in the size
Investment of financial assets held for trading,
1,854,861.43 5,012,807.20 -63.00%
income resulting in a decrease in investment
income on a year-on-year basis
Year-on-year
Statement of cash
January-March 2024 January-March 2023 increase or Description of changes
flows items
decrease
Mainly due to the payment of employee
compensation related to the land
acquisition and storage of Shenzhen
Net cash flows
Nanshan Power Zhongshan Company
from operating -71,854,442.05 -36,865,225.55 -94.91%
in the current period, resulting in a
activities
decrease in the net cash flows from
operating activities on a year-on-year
basis
Mainly due to the new investment in
Shenzhen New Energy Storage Industry
Net cash flows
Equity Fund in the current period,
from investing -221,147,900.68 -186,966,454.48 -18.28%
resulting in a decrease in the net cash
activities
flows from investing activities on a
year-on-year basis
Mainly due to the Company's
optimization of its asset and liability
structure, the cash paid for debt
Net cash flows
repayment decreased year-on-year
from financing 79,321,416.35 -127,709,340.67 162.11%
during the current period, resulting in
activities
an increase in the net cash flows from
financing activities on a year-on-year
basis
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Mainly due to the Company's
optimization of its asset and liability
structure, resulting in a decrease in the
Net increase in cash paid for debt repayment in the
-213,664,305.88 -351,657,204.93 39.24%
cash equivalents current period on a year-on-year basis,
and an increase in the net increase in
cash and cash equivalents on a year-on-
year basis
II. Shareholder's information
(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights have
been restored, and shareholdings of the top 10 shareholders
Unit: Share
Total number of ordinary Total number of preferred shareholders whose voting
shareholders at the end of the 54,471 rights have been restored at the end of the reporting 0
reporting period period (if any)
Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)
Number of Pledge, marking or freezing
Nature of Shareholding Number of shares held
Name
shareholder ratio (%) shares held with selling Share status Quantity
restrictions
HONG KONG
NAM HOI Overseas legal
15.28% 92,123,248 0 Not applicable
(INTERNATIO person
NAL) LTD
Shenzhen
Guangju State-owned
12.22% 73,666,824 0 Not applicable
Industrial Co., legal person
Ltd.
Shenzhen
State-owned
Energy 10.80% 65,106,130 0 Not applicable
legal person
Corporation
Domestic
Zeng Ying 1.19% 7,159,600 0 Not applicable
natural person
BOCI
Overseas legal
SECURITIES 0.92% 5,552,215 0 Not applicable
person
LIMITED
China
Merchants
Overseas legal
Securities 0.90% 5,402,154 0 Not applicable
person
(Hong Kong)
Co., Ltd.
Meiyi
Domestic non-
Investment
state-owned 0.87% 5,223,200 0 Not applicable
Real Estate Co.,
legal person
Ltd.
LISHERYNZH Overseas
0.66% 4,005,959 0 Not applicable
ANMING natural person
Haitong
International
Securities Overseas legal
0.65% 3,908,357 0 Not applicable
Company person
Limited-
Account Client
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Domestic
Huang Yilong 0.64% 3,866,500 0 Not applicable
natural person
Shareholdings of the top 10 shareholders without selling restrictions
Type of shares
Name Number of shares held without selling restrictions
Type of shares Quantity
HONG KONG NAM HOI Domestic listed
92,123,248 92,123,248
(INTERNATIONAL) LTD foreign shares
Shenzhen Guangju Industrial Co., Renminbi
73,666,824 73,666,824
Ltd. ordinary shares
Renminbi
Shenzhen Energy Corporation 65,106,130 65,106,130
ordinary shares
Domestic listed
Zeng Ying 7,159,600 7,159,600
foreign shares
Domestic listed
BOCI SECURITIES LIMITED 5,552,215 5,552,215
foreign shares
China Merchants Securities (Hong Domestic listed
5,402,154 5,402,154
Kong) Co., Ltd. foreign shares
Meiyi Investment Real Estate Co., Renminbi
5,223,200 5,223,200
Ltd. ordinary shares
Domestic listed
LISHERYNZHANMING 4,005,959 4,005,959
foreign shares
Haitong International Securities Domestic listed
3,908,357 3,908,357
Company Limited-Account Client foreign shares
Renminbi
Huang Yilong 3,866,500 3,866,500
ordinary shares
1. Shenzhen Energy Corporation holds 100% equity in HONG KONG NAM HOI
Explanation of the above-mentioned
(INTERNATIONAL) LTD
shareholders' relationship or concerted
2. The Company is unaware of whether the above-mentioned other public shareholders
actions
have any relationship or are persons acting in concert.
Description of the top 10 shareholders'
participation in the margin trading and None
securities lending business (if any)
Participation of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of
unrestricted tradable shares in refinancing business and lending shares
□Applicable Not applicable
Changes of the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares compared with the previous period
due to refinancing lending/repayment
□Applicable Not applicable
(II) Total number of preferred shareholders in the Company and shareholdings of the top 10 preferred
shareholders
□Applicable Not applicable
III. Other important matters
Applicable □Not applicable
Disposal of assets related to the generator units of Shenzhen Nanshan Power Zhongshan Company: On February 6 and
February 26, 2024, the 23rd Extraordinary Meeting of the Ninth Board of Directors, the 12th Extraordinary Meeting of the Ninth
Board of Supervisors and the 2nd Extraordinary General Meeting in 2024 respectively reviewed and approved the Proposal on
Listing and Transfer of Assets Related to the Generator Units and Heavy Oil Processing Lines of the Company's Held Subsidiary -
Shenzhen Nanshan Power (Zhongshan) Power Co., Ltd., and agreed to list and transfer two generator units and their auxiliary
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
equipment and other assets of Shenzhen Nanshan Power Zhongshan Company on the Shenzhen United Property and Equity
Exchange. Shenzhen Nanshan Power Zhongshan Company was officially listed twice on Shenzhen United Property and Equity
Exchange on March 7 and April 9.
IV. Quarterly financial statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Shenzhen Nanshan Power Co., Ltd.
Unit: RMB
Item Ending balance Beginning balance
Current assets:
Monetary funds 102,511,047.91 316,188,782.49
Balances with clearing companies
Loans to banks and other financial
institutions
Financial assets held for trading 394,000,000.00 226,000,000.00
Derivative financial assets
Notes receivable
Accounts receivable 104,041,878.72 111,975,251.10
Receivables financing
Advances to suppliers 29,475,887.35 26,869,175.59
Premiums receivable
Reinsurance accounts receivable
Receivable reinsurance contract
reserve
Other receivables 26,917,754.49 19,233,117.52
Including: interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 83,170,946.16 86,158,251.16
Including: data resources
Contract assets 88,000.00 88,000.00
Assets held for sale
Non-current assets due within one year
Other current assets 232,138,911.80 232,865,968.63
Total current assets 972,344,426.43 1,019,378,546.49
Non-current assets:
Issuance of loans and advances
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 90,008,131.80 90,001,176.04
Other investments in equity
350,615,000.00 300,615,000.00
instruments
Other non-current financial assets
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Investment properties 1,622,927.41 1,664,566.60
Fixed assets 568,581,622.07 571,482,734.35
Construction in progress 4,316,226.27 3,448,855.10
Productive biological assets
Oil and gas assets
Right-of-use assets 906,778.55 2,266,946.42
Intangible assets 19,263,396.54 19,285,629.03
Including: data resources
Development expenses
Including: data resources
Goodwill
Long-term deferred expenses 3,588,058.60 3,891,832.93
Deferred tax assets 1,172,366.49 1,172,366.49
Other non-current assets 43,036,962.68 36,157,735.24
Total non-current assets 1,083,111,470.41 1,029,986,842.20
Total assets 2,055,455,896.84 2,049,365,388.69
Current liabilities:
Short-term borrowings 386,275,332.21 341,237,886.72
Borrowing from the Central Bank
Borrowings from banks and other
financial institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payable 40,000,000.00
Accounts payable 1,121,465.81 4,342,166.50
Advances from customers
Contract liabilities 287,000.00
Financial assets sold under repurchase
agreements
Customer bank deposits and due to
banks and other financial institutions
Receivings from vicariously traded
securities
Receivings from vicariously
underwritten securities
Employee compensation payable 4,648,453.24 46,238,982.57
Taxes payable 296,962.89 3,089,330.47
Other payables 15,286,426.96 13,973,447.42
Including: interest payable
Dividends payable
Handling charges and commissions
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one
1,016,730.20 3,926,326.45
year
Other current liabilities 11,990.26
Total current liabilities 448,944,361.57 412,808,140.13
Non-current liabilities:
Reserves for insurance contract
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Long-term borrowings 59,884,372.43 58,829,426.30
Bonds payable
Including: preferred shares
Perpetual bonds
Lease liabilities 15,000,000.00 15,000,000.00
Long-term payables
Long-term employee compensations
payable
Estimated liabilities
Deferred income 66,282,624.37 67,869,348.07
Deferred tax liabilities
Other non-current liabilities 104,045,112.54 104,045,112.54
Total non-current liabilities 245,212,109.34 245,743,886.91
Total liabilities 694,156,470.91 658,552,027.04
Owners' equity:
Equity 602,762,596.00 602,762,596.00
Other equity instruments
Including: preferred shares
Perpetual bonds
Capital reserve 362,770,922.10 362,770,922.10
Less: treasury shares
Other comprehensive income -2,500,000.00 -2,500,000.00
Special reserve 915,232.60
Surplus reserve 332,908,397.60 332,908,397.60
General risk reserve
Undistributed profits 134,275,556.63 163,346,776.24
Total equity attributable to the owners of
1,431,132,704.93 1,459,288,691.94
the parent company
Minority interests -69,833,279.00 -68,475,330.29
Total owners' equity 1,361,299,425.93 1,390,813,361.65
Total liabilities and owners' equity 2,055,455,896.84 2,049,365,388.69
Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of the Finance
Department: Lin Xiaojia
2. Consolidated income statement
Unit: RMB
Item Amount incurred in the current period Amount incurred in previous period
I. Total operating revenue 80,580,975.91 111,067,616.64
Including: operating revenue 80,580,975.91 111,067,616.64
Interest income
Premiums earned
Handling charges and
commission income
II. Total operating costs 114,821,905.65 155,909,683.28
Including: operating costs 87,874,016.00 126,842,855.91
Interest expenses
Handling charges and
commission expenses
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Surrender value
Net amount of compensation
payout
Net amount of insurance
liability reserve withdrawn
Policy dividends
Reinsurance costs
Taxes and surcharges 221,276.34 637,958.75
Selling and distribution
877,286.87 62,973.97
expenses
G&A expenses 18,871,734.39 17,524,144.58
R&D expenses 3,803,023.78 5,693,516.08
Financial expenses 3,174,568.27 5,148,233.99
Including: interest expenses 3,834,570.17 7,293,315.78
Interest income -667,274.30 -2,373,844.43
Plus: other income 2,026,590.29 2,002,061.76
Investment income (losses
1,854,861.43 5,012,807.20
expressed with "-")
Including: investment
income from associates and joint 6,955.76 141,762.68
ventures
Gains from
derecognition of financial assets
measured at amortized costs
Exchange gains (losses expressed
with "-")
Net exposure hedging gains
(losses expressed with "-")
Gains from fair value changes
(losses expressed with "-")
Losses from credit impairment
(losses expressed with "-")
Asset impairment loss (losses
expressed with "-")
Gains from disposal of assets
(losses expressed with "-")
III. Operating profit (losses expressed
-30,359,478.02 -37,827,197.68
with "-")
Plus: non-operating revenue 37,730.70 3,975,125.39
Less: non-operating expenses 107,421.00 10,458.26
IV. Total profit (total losses expressed
-30,429,168.32 -33,862,530.55
with "-")
Less: income tax expenses 9,136.05
V. Net profit (losses expressed with "-") -30,429,168.32 -33,871,666.60
(I) Classification by business
continuity
1. Net profit from continuing
-30,429,168.32 -33,862,530.55
operations (net losses expressed with "-")
2. Net profit from discontinued
operations (net losses expressed with "-")
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
(II) Classification by ownership
1. Net profit attributable to owners
-29,071,219.61 -31,147,959.30
of the parent company
2. Minority interest income -1,357,948.71 -2,723,707.30
VI. Net after-tax amount of other
comprehensive income
Net after-tax amount of other
comprehensive income attributable to
owners of parent company
(I) Other comprehensive income
that cannot be reclassified into profit or
loss
1. Remeasurement of changes in
defined benefit plans
2. Other comprehensive income
that cannot be transferred to profit or loss
under the equity method
3. Fair value changes of
investments in other equity instruments
4. Fair value changes of the
enterprise's own credit risk
5. Others
(II) Other comprehensive income
that will be reclassified to profit or loss
1. Other comprehensive income
that can be transferred to profit or loss
under the equity method
2. Fair value changes of other
debt investments
3. Amount of financial assets
reclassified and included in other
comprehensive income
4. Provision for credit impairment
of other debt investments
5. Cash flow hedging reserve
6. Differences arising from
foreign currency financial statements
7. Others
Net after-tax amount of other
comprehensive income attributable to
minority shareholders
VII. Total comprehensive income -30,429,168.32 -33,871,666.60
Total comprehensive income
attributable to owners of the parent -29,071,219.61 -31,147,959.30
company
Total comprehensive income
-1,357,948.71 -2,723,707.30
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share -0.0482 -0.0517
(II) Diluted earnings per share -0.0482 -0.0517
For business combination under the common control that occurred in the current period, the net profit realized by the combined
party before the combination was: RMB , and the net profit realized by the combined party in the previous period was: RMB .
Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of the Finance
Department: Lin Xiaojia
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
3. Consolidated statement of cash flows
Unit: RMB
Item Amount incurred in the current period Amount incurred in previous period
I. Cash flows from operating activities:
Cash received from sales of goods and
98,704,722.15 118,687,636.19
rendering of services
Net increase in customer bank deposits
and due to banks and other financial
institutions
Net increase in borrowings from the
Central Bank
Net increase in borrowings from banks
and other financial institutions
Cash received from premiums from
the original insurance contract
Net cash received from reinsurance
business
Net increase in policyholder deposits
and investments
Cash received from interest, handling
charges and commissions
Net increase in borrowings from banks
and other financial institutions
Net increase in funds from repurchase
business
Net cash received from vicariously
traded securities
Tax refunds received
Other cash received related to
9,930,608.14 7,112,925.06
operating activities
Sub-total of cash inflows from operating
108,635,330.29 125,800,561.25
activities
Cash paid for purchase of goods and
93,167,965.39 114,751,562.51
acceptance of services
Net increase in loans and advances to
customers
Net increase in deposits with the
Central Bank and interbank funds
Cash paid for compensation for the
original insurance contract
Net increase in loans to banks and
other financial institutions
Cash paid for interest, handling
charges and commissions
Cash paid for policy dividends
Cash paid to and on behalf of
65,632,162.97 30,874,421.30
employees
Taxes and fees paid 11,055,674.24 8,332,669.15
Payments of other cash related to
10,633,969.74 8,707,133.84
operating activities
Sub-total of cash outflows from 180,489,772.34 162,665,786.80
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
operating activities
Net cash flows from operating activities -71,854,442.05 -36,865,225.55
II. Cash flows from investing activities:
Recovery of cash received from
investment
Cash received from investment
152,905.73 4,871,044.52
income
Net cash recovered from disposal of
fixed assets, intangible assets and other 553,380.00
long-term assets
Net cash received from disposal of
subsidiaries and other business units
Other cash received relating to
13,000,000.00
investing activities
Sub-total of cash inflows from investing
13,152,905.73 5,424,424.52
activities
Cash paid for the acquisition and
construction of fixed assets, intangible 3,300,806.41 2,390,879.00
assets and other long-term assets
Cash paid for investments 50,000,000.00 110,000,000.00
Net increase in pledge loans
Net cash paid for acquisition of
subsidiaries and other business units
Payments of other cash related to
181,000,000.00 80,000,000.00
investing activities
Sub-total of cash outflows from investing
234,300,806.41 192,390,879.00
activities
Net cash flows from investing activities -221,147,900.68 -186,966,454.48
III. Cash flows from financing activities:
Cash received from absorption of
investments
Including: cash received by
subsidiaries from absorption of minority
shareholders' investments
Cash received from acquisition of
98,558,036.22 51,185,377.44
borrowings
Other cash received related to
financing activities
Sub-total of cash inflows from financing
98,558,036.22 51,185,377.44
activities
Cash paid for debt repayment 13,901,933.75 175,373,796.22
Cash paid for distribution of
3,724,022.12 3,520,921.89
dividends, profits or interest payments
Including: dividends and profits
paid by subsidiaries to minority
shareholders
Payments of other cash related to
1,610,664.00
financing activities
Sub-total of cash outflows from
19,236,619.87 178,894,718.11
financing activities
Net cash flows from financing activities 79,321,416.35 -127,709,340.67
IV. Impact of fluctuation in exchange
16,620.50 -116,184.23
rate on cash and cash equivalents
V. Net increase in cash and cash
-213,664,305.88 -351,657,204.93
equivalents
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2024 First Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Plus: beginning balance of cash and
310,734,919.56 648,021,672.06
cash equivalents
VI. Ending balance of cash and cash
97,070,613.68 296,364,467.13
equivalents
Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of the Finance
Department: Lin Xiaojia
(II) Items related to the financial statements for 2024 in which the adjustments of new
accounting standards are implemented
□Applicable Not applicable
(III) Audit report
Whether the First Quarter Report has been audited
□Yes No
The First Quarter Report of the Company has not been audited.
The Board of Directors of Shenzhen Nanshan Power Co., Ltd.
April 26, 2024
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