Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
Stock code: 000037, 200037 Stock abbreviation: Shennandian A,Shennandian B Announcement No.: 2024-057
Shenzhen Nanshan Power Co., Ltd.
The Third Quarterly Report for 2024
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 notes:
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 Q3 report has been audited
□Yes No
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Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
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
Changes from the
beginning of the year
From the beginning of
to the end of the
Reporting period Changes YoY the year to the end of
reporting period
the reporting period
compared with the
same period last year
Operating revenue
183,104,712.19 0.15% 371,008,976.90 -18.30%
(RMB)
Net profit attributable
to shareholders of
-7,777,120.17 -191.69% -45,628,230.07 -58.66%
listed companies
(RMB)
Net profit attributable
to shareholders of
listed companies after
-11,138,395.03 -628.10% -55,898,452.11 -5.93%
deducting non-
recurring profit or loss
(RMB)
Net cash flows from
operating activities — — -81,406,730.48 31.81%
(RMB)
Basic earnings per
-0.0129 -191.49% -0.0757 -58.70%
share (RMB/share)
Diluted earnings per
-0.0129 -191.49% -0.0757 -58.70%
share (RMB/share)
Weighted average rate
-0.55% -1.15% -3.18% -1.18%
of return on net assets
At the end of the At the end of the Changes compared to the end of the previous
reporting period previous year year.
Total assets (RMB) 2,034,306,446.49 2,049,365,388.69 -0.73%
Owners' equity
attributable to
1,415,810,795.35 1,459,288,691.94 -2.98%
shareholders of listed
companies (RMB)
(II) Non-recurring profit or loss items and amounts
Applicable □Not applicable
Unit: RMB
Amount from the beginning
Amount in the reporting
Item of the year to the end of the Remark
period
reporting period
Profit or loss from disposal of
Mainly due to the disposal
non-current assets (including
295,289.14 186,558.24 profit or loss from fixed
write-off of provision for
assets.
asset impairment)
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Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
Government subsidies
included in the current profit
or loss (except for those that
are closely related to the
Company's normal business
operations, comply with Mainly due to the government
0.00 439,079.24
national policies and subsidies related to income.
regulations, are enjoyed
according to determined
standards, and have a
sustained impact on the
Company's profit or loss)
Profit or loss from changes in
fair value of financial assets
and liabilities held by non-
financial enterprises and
profit or loss from the Mainly investment income
disposal of financial assets 3,034,853.33 9,545,254.83 obtained from financial assets
and financial liabilities, held for trading.
except for effective hedging
operations related to the
Company's normal business
operations
Other non-operating revenue Mainly due to housing
and expenses other than the 30,552.39 106,013.79 demolition and resettlement
above subsidies.
Less: Affected amount of
-580.00 6,684.06
minority equity (after tax)
Total 3,361,274.86 10,270,222.04 --
Details of other profit or loss 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
September 30, 2024 January 1, 2024 Change ratio Description of changes
items
Mainly due to facts that the newly
established Xiwan Energy Company
received capital injections from external
shareholders amid the Company's
Monetary funds 411,597,408.46 316,188,782.49 30.17% transformation towards integrated energy
services, and the Company used its
existing funds to purchase financial
assets held for trading, which were
redeemed at maturity, leading to an
3
Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
increase in monetary funds.
Mainly due to the redemption of
Financial assets
45,000,000.00 226,000,000.00 -80.09% financial assets held for trading
held for trading
purchased with stock funds.
Advances to Mainly due to the decrease in prepaid
9,172,617.13 26,869,175.59 -65.86%
suppliers natural gas payments.
Mainly due to the renewal of the office
Right-of-use lease contract by the Company in the
7,247,082.88 2,266,946.42 219.68%
assets current period, resulting in an increase in
right-of-use assets.
Long-term
Mainly due to the increase in overhaul
deferred 6,263,437.19 3,891,832.93 60.94%
expenses of the current period.
expenses
Mainly due to the fact that based on the
progress of land acquisition and storage
of Shenzhen Nanshan Power Zhongshan
Company, the relocation expenses of
Other non-
857,135.84 36,157,735.24 -97.63% land acquisition and storage in the
current assets
current period is presented from other
non-current assets to other current assets,
leading to a decrease in other non-current
assets.
Mainly due to the decrease in employee
compensation payable for the employee
Employee
placement compensation related to the
compensation 4,733,774.51 46,238,982.57 -89.76%
land acquisition and storage of Shenzhen
payable
Nanshan Power Zhongshan Company in
the current period.
Mainly due to the fact that the value-
added tax credit has been fully deducted,
Taxes payable 7,802,614.21 3,089,330.47 152.57%
resulting in an increase in the value-
added tax payable in the current period.
Mainly due to the presentation of long-
Non-current
term borrowings maturing within one
liabilities due 31,652,812.40 3,926,326.45 706.17%
year to non-current liabilities maturing
within one year
within one year.
Mainly due to the progress payment of
land acquisition and storage received
from Shenzhen Nanshan Power
Other current Zhongshan Company according to the
175,398,216.17 0.00 100.00%
liabilities progress of land acquisition and storage,
which is presented from other non-
current liabilities to other current
liabilities.
Mainly due to the decrease in long-term
Long-term borrowings within one year due to the
0.00 58,829,426.30 -100.00%
borrowings presentation of long-term borrowings due
within one year to non-current liabilities.
Mainly due to the increase in lease
liabilities in the current period when the
Lease liabilities 3,796,274.16 0.00 100.00%
Company renewed the lease contract of
office space.
Mainly due to the fact that based on the
progress of land acquisition and storage
Other non- of Shenzhen Nanshan Power Zhongshan
current 45,112.54 104,045,112.54 -99.96% Company, the progress payment of land
liabilities acquisition and storage received is
presented from other non-current
liabilities to other current liabilities,
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Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
leading to a decrease in other non-current
liabilities.
Income statement January-September January-September YoY
Description of changes
items 2024 2023 changes
Mainly due to the decline in the interest
rates of bank deposits, the interest
Financial expenses 7,127,968.01 4,398,778.19 62.04% income in the current period decreased
from the same period last year, and the
financial expenses increased YoY.
Mainly due to the fact that the
government subsidies related to assets
Other benefits 5,199,081.29 9,582,732.15 -45.75% allocated in the current period decreased
from the same period last year, and the
other income decreased YoY.
Mainly due to the fact that the
Company's investments in other equity
Investment income 12,096,450.59 21,844,319.50 -44.62% instruments did not distribute dividends
in the current period, and the investment
income decreased YoY.
Statement of cash January-September January-September YoY
Description of changes
flows items 2024 2023 changes
Mainly due to the fact that Shenzhen
Net cash flows Nanshan Power Zhongshan Company no
from operating -81,406,730.48 -119,379,688.05 31.81% longer engaged in power production and
activities sales business, and the net cash flows
from operating activities increased YoY.
Mainly due to the Company's
optimization of its asset and liability
Net cash flows structure, the cash paid for debt
from financing -22,231,830.09 -504,756,492.07 95.60% repayment decreased year-on-year during
activities the current period, resulting in a YoY
increase in the net cash flows from
financing activities.
Mainly due to facts that the newly
established Xiwan Energy Company
received capital injections from external
shareholders amid the Company's
transformation towards integrated energy
Net increase in
96,650,388.90 -377,016,355.14 125.64% services, and the Company used its
cash equivalents
existing funds to purchase financial
assets held for trading, which was
redeemed at maturity, leading to a YoY
increase in net increase in cash
equivalents.
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Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
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 50,966 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
shares held
Nature of Shareholdi Number of
Name with
shareholder ng ratio shares held Share status Quantity
selling
restrictions
HONG KONG NAM
HOI Overseas legal
15.28% 92,123,248 0 Not applicable 0
(INTERNATIONAL) person
LTD
Shenzhen Guangju State-owned
12.22% 73,666,824 0 Not applicable 0
Industrial Co., Ltd. legal person
Shenzhen Energy State-owned
10.80% 65,106,130 0 Not applicable 0
Corporation legal person
Domestic
Zeng Ying 1.19% 7,159,600 0 Not applicable 0
natural person
Domestic
Li Baoqin 1.03% 6,203,916 0 Not applicable 0
natural person
China Merchants
Overseas legal
Securities (Hong Kong) 0.90% 5,402,154 0 Not applicable 0
person
Co., Ltd.
BOCI SECURITIES Overseas legal
0.73% 4,423,066 0 Not applicable 0
LIMITED person
GUOTAI JUNAN
Overseas legal
SECURITIES（HONG 0.70% 4,224,532 0 Not applicable 0
person
KONG） LIMITED
Haitong International
Overseas legal
Securities Company 0.65% 3,908,357 0 Not applicable 0
person
Limited-Account Client
Domestic
Huang Yilong 0.64% 3,866,500 0 Not applicable 0
natural person
Shareholdings of the top 10 shareholders without restrictions on sales (excluding shares lent through refinancing facilities and
shares locked by senior executives)
Number of shares held Types and numbers
Name
without selling restrictions Type of shares Quantity
HONG KONG NAM HOI
92,123,248 Domestic listed foreign shares 92,123,248
(INTERNATIONAL) LTD
Shenzhen Guangju Industrial Co., Ltd. 73,666,824 RMB ordinary shares 73,666,824
Shenzhen Energy Corporation 65,106,130 RMB ordinary shares 65,106,130
Zeng Ying 7,159,600 Domestic listed foreign shares 7,159,600
RMB ordinary shares 3,140,000
Li Baoqin 6,203,916
Domestic listed foreign shares 3,063,916
China Merchants Securities (Hong
5,402,154 Domestic listed foreign shares 5,402,154
Kong) Co., Ltd.
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Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
BOCI SECURITIES LIMITED 4,423,066 Domestic listed foreign shares 4,423,066
GUOTAI JUNAN SECURITIES
4,224,532 Domestic listed foreign shares 4,224,532
（HONG KONG） LIMITED
Haitong International Securities
3,908,357 Domestic listed foreign shares 3,908,357
Company Limited-Account Client
Huang Yilong 3,866,500 RMB ordinary shares 3,866,500
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
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 411,597,408.46 316,188,782.49
Balances with clearing companies
Loans to banks and other financial institutions
Financial assets held for trading 45,000,000.00 226,000,000.00
Derivative financial assets
Notes receivable
Accounts receivable 126,980,774.52 111,975,251.10
Receivables financing
Advances to suppliers 9,172,617.13 26,869,175.59
Premiums receivable
Reinsurance accounts receivable
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Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
Receivable reinsurance contract reserve
Other receivables 19,865,044.12 19,233,117.52
Including: interest receivable
Dividends receivable
Financial assets purchased under resale
agreements
Inventories 86,430,944.36 86,158,251.16
Including: data resources
Contract assets 88,000.00
Assets held for sale
Non-current assets due within one year
Other current assets 288,994,116.38 232,865,968.63
Total current assets 988,040,904.97 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 91,540,702.77 90,001,176.04
Investments in other equity instruments 350,615,000.00 300,615,000.00
Other non-current financial assets
Investment properties 1,539,649.03 1,664,566.60
Fixed assets 564,231,927.64 571,482,734.35
Construction in progress 2,494,629.70 3,448,855.10
Productive biological assets
Oil and gas assets
Right-of-use assets 7,247,082.88 2,266,946.42
Intangible assets 20,303,609.98 19,285,629.03
Including: data resources
Development expenses
Including: data resources
Goodwill
Long-term deferred expenses 6,263,437.19 3,891,832.93
Deferred tax assets 1,172,366.49 1,172,366.49
Other non-current assets 857,135.84 36,157,735.24
Total non-current assets 1,046,265,541.52 1,029,986,842.20
Total assets 2,034,306,446.49 2,049,365,388.69
Current liabilities:
Short-term borrowings 345,660,109.15 341,237,886.72
Borrowing from the Central Bank
Borrowings from banks and other financial
institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payable
Accounts payable 4,663,828.11 4,342,166.50
Advances from customers
Contract liabilities 25,002.01
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 4,733,774.51 46,238,982.57
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Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
Taxes payable 7,802,614.21 3,089,330.47
Other payables 15,034,092.06 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 year 31,652,812.40 3,926,326.45
Other current liabilities 175,398,216.17
Total current liabilities 584,970,448.62 412,808,140.13
Non-current liabilities:
Reserves for insurance contract
Long-term borrowings 58,829,426.30
Bonds payable
Including: preferred shares
Perpetual bonds
Lease liabilities 3,796,274.16
Long-term payables
Long-term employee compensation payable
Estimated liabilities 15,000,000.00 15,000,000.00
Deferred income 63,109,346.02 67,869,348.07
Deferred tax liabilities
Other non-current liabilities 45,112.54 104,045,112.54
Total non-current liabilities 81,950,732.72 245,743,886.91
Total liabilities 666,921,181.34 658,552,027.04
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 2,150,333.48
Surplus reserve 332,908,397.60 332,908,397.60
General risk reserve
Undistributed profits 117,718,546.17 163,346,776.24
Total equity attributable to the owners of the parent
1,415,810,795.35 1,459,288,691.94
company
Minority interests -48,425,530.20 -68,475,330.29
Total owners' equity 1,367,385,265.15 1,390,813,361.65
Total liabilities and owners' equity 2,034,306,446.49 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 from the beginning of the year to the end of the reporting period
Unit: RMB
Amount incurred in the current
Item Amount incurred in previous period
period
I. Total operating revenue 371,008,976.90 454,106,390.85
Including: operating revenue 371,008,976.90 454,106,390.85
Interest income
Premiums earned
Handling charges and commission
income
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Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
II. Total operating costs 438,675,510.79 527,768,982.12
Including: operating costs 347,115,833.39 443,453,657.23
Interest expenses
Handling charges and commission
expenses
Surrender value
Net amount of compensation payout
Net amount of insurance liability reserve
withdrawn
Policy dividends
Reinsurance costs
Taxes and surcharges 2,281,176.31 2,648,996.33
Selling expenses 2,419,675.17 1,915,968.03
G&A expenses 57,127,620.24 54,940,136.38
R&D expenses 22,603,237.67 20,411,445.96
Financial expenses 7,127,968.01 4,398,778.19
Including: interest expenses 10,872,339.65 15,278,935.73
Interest income -4,046,397.68 -11,230,162.67
Plus: other income 5,199,081.29 9,582,732.15
Investment income (loss expressed with "-") 12,096,450.59 21,844,319.50
Including: investment income from
2,349,226.73 3,127,310.92
associates and joint ventures
Gains from derecognition of
financial assets measured at amortized costs
Exchange gains (loss expressed with "-")
Net exposure hedging gains (loss expressed
with "-")
Gains from changes in fair value (loss
expressed with "-")
Credit loss (loss expressed with "-")
Asset impairment loss (loss expressed with
"-")
Gains from disposal of assets (loss
295,289.14 96,847.39
expressed with "-")
III. Operating profit (losses expressed with "-") -50,075,712.87 -42,138,692.23
Plus: non-operating revenue 113,492.10 5,237,497.33
Less: non-operating expenses 116,209.21 16,081.64
IV. Total profit (total losses expressed with "-") -50,078,429.98 -36,917,276.54
Less: income tax expenses 479.55
V. Net profit (losses expressed with "-") -50,078,429.98 -36,917,756.09
(I) Classification by business continuity
1. Net profit from continuing operations (net
-50,078,429.98 -36,917,756.09
loss expressed with "-")
2. Net profit from discontinued operations (net
loss expressed with "-")
(II) Classification by ownership
1. Net profit attributable to shareholders of the
-45,628,230.07 -28,758,589.77
parent company (net loss expressed with "-")
2. Minority interest income (net loss expressed
-4,450,199.91 -8,159,166.32
with "-")
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Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
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 -50,078,429.98 -36,917,756.09
(I) Total comprehensive income attributable to
-45,628,230.07 -28,758,589.77
owners of the parent company
(II) Total comprehensive income attributable to
-4,450,199.91 -8,159,166.32
minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share -0.0757 -0.0477
(II) Diluted earnings per share -0.0757 -0.0477
Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of the Finance
Department: Lin Xiaojia
3. Consolidated statement of cash flows from the beginning of the year to the end of the reporting period
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
402,871,423.57 493,260,030.74
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
11
Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
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 31,608.88
Other cash received related to operating
19,347,302.02 44,622,787.85
activities
Sub-total of cash inflows from operating
422,218,725.59 537,914,427.47
activities
Cash paid for purchase of goods and
329,471,510.91 519,478,157.92
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 for employees 116,384,167.36 82,601,196.17
Taxes and fees paid 17,016,141.72 22,130,212.52
Payments of other cash related to operating
40,753,636.08 33,084,548.91
activities
Sub-total of cash outflows from operating
503,625,456.07 657,294,115.52
activities
Net cash flows from operating activities -81,406,730.48 -119,379,688.05
II. Cash flows from investing activities:
Recovery of cash received from investment 407,000,000.00 330,010,220.37
Cash received from investment income 5,471,924.04 29,934,911.51
Net cash recovered from disposal of fixed
assets, intangible assets and other long-term 71,805,059.00 550,880.00
assets
Net cash received from disposal of
subsidiaries and other business units
Other cash received relating to investing
activities
Sub-total of cash inflows from investing
484,276,983.04 360,496,011.88
activities
Cash paid for the acquisition and
7,924,145.04 3,514,289.85
construction of fixed assets, intangible assets
12
Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
and other long-term assets
Cash paid for investments 50,000,000.00
Net increase in pledge loans
Net cash paid for acquisition of
subsidiaries and other business units
Payments of other cash related to investing
226,000,000.00 110,000,000.00
activities
Sub-total of cash outflows from investing
283,924,145.04 113,514,289.85
activities
Net cash flows from investing activities 200,352,838.00 246,981,722.03
III. Cash flows from financing activities:
Cash received from absorption of
24,500,000.00
investments
Including: cash received by subsidiaries
from absorption of minority shareholders'
investments
Cash received from acquisition of
342,026,209.56 351,093,926.90
borrowings
Other cash received related to financing
5,440,434.23
activities
Sub-total of cash inflows from financing
366,526,209.56 356,534,361.13
activities
Cash paid for debt repayment 373,844,324.72 847,756,445.98
Cash paid for distribution of dividends,
8,351,022.93 9,643,602.15
profits or interest payments
Including: dividends and profits paid by
subsidiaries to minority shareholders
Payments of other cash related to financing
6,562,692.00 3,890,805.07
activities
Sub-total of cash outflows from financing
388,758,039.65 861,290,853.20
activities
Net cash flows from financing activities -22,231,830.09 -504,756,492.07
IV. Impact of fluctuation in exchange rate on
-63,888.53 138,102.95
cash and cash equivalents
V. Net increase in cash and cash equivalents 96,650,388.90 -377,016,355.14
Plus: beginning balance of cash and cash
310,734,919.56 648,021,672.06
equivalents
VI. Ending balance of cash and cash
407,385,308.46 271,005,316.92
equivalents
Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of the Finance
Department: Lin Xiaojia
(II) Adjustments to relevant items in financial statements at the beginning of the year
when the new accounting standards are implemented for the first time in 2024.
□Applicable Not applicable
(III) Auditor's report
Whether the Q3 report has been audited
□Yes No
The Q3 report of the Company has not been audited.
13
Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2024
Board of Directors of Shenzhen Nanshan Power Co., Ltd.
October 25, 2024
14
