Stock Code：000037, 200037 Stock Code：2012-017
Short Form of the Stock：Shennandian A, Shennandian B
Shenzhen Nanshan Power Co., Ltd.
The First Quarterly Report 2012
(Full-Text)
§1 Important Notice
1.1 The Board of Directors and Supervisory Committee of Shenzhen Nanshan Power Co., Ltd.
(hereinafter referred to as the Company) and its directors, supervisors and senior executives hereby
confirm that there are not any fictitious statements, misleading information and important omissions
carried in this report, and shall take all responsibilities, individual and/or joint, for the reality,
accuracy and completion of the whole contents.
1.2 Financial Report for the 1st Quarterly Report of the Company has not been audited by CPA.
1.3 Chairman of the Board Yang Haixian, Person in Charge of accounting work Lu Xiaoping and
Person in Charge of Accounting Organ (Accounting Supervisor) Huang Jian hereby confirm that the
Financial Report enclosed in the 1st Quarterly Report is true and complete.
§2 Company Profile
2.1 Main Accounting Data and Financial Indexes:
Unit: RMB
Changes of
At the end of the At the end of the last
increase/decrease
report period year
(%)
Total assets (RMB) 5,290,472,853.62 5,452,746,682.91 -2.98%
Owners’ equity attributable to
shareholders of the listed company 1,684,970,363.79 1,753,371,551.83 -3.90%
(RMB)
Total share capital (Share) 602,762,596.00 602,762,596.00 0.00%
Net asset per share attributable to
shareholders of listed company 2.80 2.91 -3.78%
(RMB/Share)
Changes of
The same period of
In the report period increase/decrease
last year
(%)
Total operating income (RMB) 432,815,711.38 454,988,479.87 -4.87%
Net profit attributable to
shareholders of the listed company -68,401,188.04 -79,839,433.69 -14.33%
(RMB)
Net cash flow arising from operating
301,024,997.40 -11,164,998.07 -2,796.15%
activities (RMB)
Net cash flow arising from operating
0.50 -0.02 -2,600.00%
activities per share (RMB/Share)
Basic earnings per share
-0.11 -0.13
(RMB/Share)
Diluted earnings per share
-0.11 -0.13
(RMB/Share)
Weighted average return on equity
-3.99% -3.16% -0.83%
(%)
1
Weighted average return on equity
after deducting non-recurring gains -3.98% -3.16% -0.82%
and losses (%)
Items of non-recurring gains and losses
√ Applicable □ Inapplicable
Unit: RMB
Amount from year-begin Remarks (If
Items of non-recurring gains and losses
to period-end applicable)
Other non-operating income and expenditure except
53,256.74
for the above items
Total 53,256.74 -
2.2 Total number of shareholders at the end of the report period and shares held by the top
ten shareholders with unrestricted conditions
Unit: Share
Total number of shareholders
44,372
at the end of report period
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable shares with
Full Name of shareholder unrestricted conditions held at Type of shares
the end of report period
Shenzhen Guangju Investment
100,769,712 RMB ordinary shares
Holding Co., Ltd
HONG KONG NAM HOI Domestically listed foreign
92,123,248
(INTERNATIONAL) LTD shares
SHENZHEN ENERGY GROUP
65,106,130 RMB ordinary shares
CO., LTD.
BNP P P/PANDA INVESTMENT Domestically listed foreign
49,426,518
COMPANY LIMITED shares
STATE GRID SHENZHEN
ENERGY DEVELOPMENT 35,999,805 RMB ordinary shares
GROUP CO., LTD.
Domestically listed foreign
YAN TIAN GONG 3,270,000
shares
Goldbond Securities holdings Domestically listed foreign
1,500,000
Limited shares
Domestically listed foreign
LI WEI PING 1,483,281
shares
WU SHU HUA 1,351,400 RMB ordinary shares
Domestically listed foreign
Naito Security Co., Ltd. 1,212,486
shares
§3 Significant events
3.1 Particulars about material changes in items of main accounting statement and financial
index, and explanations of reasons
√Applicable □Inapplicable
1. Balance sheet
2
Item changes main reasons
Account paid in advance _252.02%_ account paid in advance for goods increased
Other account receivable _-83.02%_ equity transfer amount received
Account payable _136.19%_ Account payable for goods increased
2. Profit Statement
Item changes main reasons
Business tax and surcharge _ 67.31%_ accrual business tax for internal transaction increased
Sales expenses _ 37.94%_ business of sludge treatment increase the sales
Non-operation expenditure _-30.25%_ expenditure from disposal of assets decreased
Income tax _-99.39%_ income tax accrual decreased
3. Cash Flow Statement
Item changes main reasons
Net cash flow arising from operation activities_312.19 million yuan increased _ electricity charge
and subsidy income received increased
Net cash flow arising from investment activities_140.6955 million yuan increased_ equity transfer
amount received
Net cash flow arising from financing activities_ 379.8134 million yuan decreased _ net financing
amount decreased and financial cost increased
3.2 Analysis and explanation of significant events and their influence and solutions
3.2.1 Particular about Qualified Opinion
√Applicable □Inapplicable
Deloitte Touche Tohmatsu CPA LTD issued the unqualified auditor’s report with paragraph of
emphasized matter for the Company for year of 2011. In this report period, progress of events with
qualified opinions concerned found in Annual Report of 2011 released dated 24 April 2012 (Notice
No.: 2012-010).
3.2.2 Particular about fund offered to shareholder or its related parties by the Company and
external guarantee with procedure violation
□Applicable √Inapplicable
3.2.3 Particular about the significant contract of routine operation signed and implemented
□Applicable √Inapplicable
3.2.4 Other
√Applicable □Inapplicable
In reporting period, according to requirement of “Notice of Standardized Pilot of Internal Control for
Listed Companies in Shenzhen Municipal” from Shenzhen Security Regulatory Bureau, the
Company exercising vary establishment of internal control orderly. Process of internal control for 1st
quarter of the year are as:
1. Completed preparation and confirmation of the internal control manual
2. Exercising reformation of internal control defects, and prepared “Reformation Report of Internal
Control Defects for Shen Nan Dian”;
3. Prepare the testing for system internal control and start from 1st of April;
4. Completed formation of self-assessment report of internal control for year of 2011
3.3 Implementations of commitments by the Company, shareholders and actual controller
Commitments make within the report period or persisted to the period by listed company and its
director, supervisor and senior executives, shareholder with over 5 percent shares held and its actual
controller
□Applicable √Inapplicable
3
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next
report period to be loss probably or the warning of its material change compared with the
corresponding period of the last year and explanation of reason
√Applicable □Inapplicable
3.5 Other significant events which need explanations
3.5.1 Particulars about securities investment
□Applicable √Inapplicable
3.5.2 Registration form for receiving research, communication and interview in the report
period
No investors’ field research, telephone communication and written inquiries are received in the
report period.
3.6 Derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about derivatives investment held at the end of report period
□Applicable √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Shenzhen Nanshan Power Co., Ltd. March 31, 2012 Unit: RMB
Balance at period-end Balance at year-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 678,469,855.51 363,999,645.23 695,095,052.12 303,150,447.89
Settlement provisions
Capital lent
Transaction finance
asset
Notes receivable
Accounts receivable 859,548,258.43 582,895,188.80 934,640,019.03 646,023,065.42
Accounts paid in
111,154,679.36 508,816.72 31,576,397.23 489,676.70
advance
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable 654,140,866.58 654,140,866.58
Other receivables 21,154,468.59 1,718,867,641.86 124,599,842.72 1,525,724,625.88
Purchase restituted
finance asset
Inventories 1,258,763,273.94 100,950,721.57 1,258,195,597.25 112,185,828.84
Non-current asset due
within one year
Other current assets 205,000,000.00
Total current assets 2,929,090,535.83 3,421,362,880.76 3,044,106,908.35 3,446,714,511.31
4
Non-current assets:
Granted loans and
advances
Finance asset available
for sales
Held-to-maturity
investment
Long-term account
receivable
Long-term equity
37,315,000.00 536,797,849.76 37,315,000.00 536,797,849.76
investment
Investment real estate 4,761,373.69 4,872,045.07
Fixed assets 2,179,078,835.81 313,115,205.41 2,227,103,579.26 327,435,225.16
Construction in progress 50,179,777.97 36,549,164.69 46,866,969.48 36,184,921.10
Engineering material
Disposal of fixed asset
Productive biological
asset
Oil and gas asset
Intangible assets 62,978,185.23 10,306,495.42 63,807,538.62 10,658,977.27
Expense on Research
and Development
Goodwill
Long-term expenses to
83,313.80 83,313.80 95,810.84 95,810.84
be apportioned
Deferred income tax
3,714,114.31 3,714,114.31
asset
Other non-current asset 23,271,716.98 24,864,716.98
Total non-current asset 2,361,382,317.79 896,852,029.08 2,408,639,774.56 911,172,784.13
Total assets 5,290,472,853.62 4,318,214,909.84 5,452,746,682.91 4,357,887,295.44
Current liabilities:
Short-term loans 2,934,000,000.00 1,574,000,000.00 3,265,824,953.89 1,880,824,953.89
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable 33,800,000.00 43,820,200.00
Accounts payable 507,207,804.35 395,892,996.19 214,748,889.66 145,440,717.47
Accounts received in
15,490,399.16 14,586,000.00 14,586,000.00 14,586,000.00
advance
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 25,967,650.94 11,985,911.39 32,691,674.04 16,426,938.52
Taxes payable -521,469,322.24 -407,376,227.17 -521,900,793.90 -414,050,692.13
Interest payable 74,522,097.28 3,462,044.67 75,462,594.51 5,585,474.16
5
Dividend payable
Other accounts payable 334,185,774.08 1,060,550,102.23 358,597,380.00 1,064,365,847.79
Reinsurance payables
Insurance contract
reserve
Security trading of
agency
Security sales of agency
Non-current liabilities
50,000,000.00 50,000,000.00
due within 1 year
Other current liabilities
Total current liabilities 3,453,704,403.57 2,653,100,827.31 3,533,830,898.20 2,713,179,239.70
Non-current liabilities:
Long-term loans 26,000,000.00 26,000,000.00
Bonds payable
Long-term account
payable
Special accounts
payable
Projected liabilities
Deferred income tax
liabilities
Other non-current
5,037,916.65 5,104,791.66
liabilities
Total non-current liabilities 31,037,916.65 31,104,791.66
Total liabilities 3,484,742,320.22 2,653,100,827.31 3,564,935,689.86 2,713,179,239.70
Owner’s equity (or
shareholders’ equity):
Paid-in capital (or share
602,762,596.00 602,762,596.00 602,762,596.00 602,762,596.00
capital)
Capital public reserve 363,629,927.51 288,769,132.47 363,629,927.51 288,769,132.47
Less: Inventory shares
Reasonable reserve
Surplus public reserve 332,908,397.60 332,908,397.60 332,908,397.60 332,908,397.60
Provision of general risk
Retained profit 385,669,442.68 440,673,956.46 454,070,630.72 420,267,929.67
Balance difference of
foreign currency translation
Total owner’s equity
attributable to parent 1,684,970,363.79 1,665,114,082.53 1,753,371,551.83 1,644,708,055.74
company
Minority interests 120,760,169.61 134,439,441.22
Minority interests 1,805,730,533.40 1,665,114,082.53 1,887,810,993.05 1,644,708,055.74
Total owner’s equity 5,290,472,853.62 4,318,214,909.84 5,452,746,682.91 4,357,887,295.44
4.2 Profit statement
Prepared by Shenzhen Nanshan Power Co., Ltd. Jan.-Mar. 2012 Unit: RMB
Amount in this period Amount in last period
Items
6
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 432,815,711.38 190,594,298.26 454,988,479.87 209,505,493.33
Including: Operating income 432,815,711.38 190,594,298.26 454,988,479.87 209,505,493.33
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 748,813,540.33 304,341,885.63 702,178,453.15 367,542,200.83
Including: Operating cost 669,915,764.47 278,081,758.04 633,682,028.70 336,383,237.65
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense
of compensation
Net amount of
withdrawal of insurance
contract reserve
Bonus expense of
guarantee slip
Reinsurance expense
Operating tax and extras 1,726,019.81 1,396,470.09 1,031,640.79 738,487.20
Sales expenses 287,581.15 208,486.26
Administration
24,989,853.86 10,554,361.74 24,381,992.12 11,652,589.23
expenses
Financial expenses 51,894,321.04 14,309,295.76 42,874,305.28 18,767,886.75
Losses of devaluation of
asset
Add: Changing income of
fair value(Loss is listed with
“-”)
Investment income (Loss
-16,728,157.24 -16,728,157.24
is listed with “-”)
Including:
Investment income on
-16,728,157.24 -16,728,157.24
affiliated company and joint
venture
Exchange income (Loss
is listed with “-”)
III. Operating profit (Loss
-315,997,828.95 -113,747,587.37 -263,918,130.52 -174,764,864.74
is listed with “-”)
Add: Non-operating
233,985,916.13 134,156,400.00 184,369,384.32 82,198,600.00
income
Less: Non-operating
23,607.37 2,785.84 33,846.41 3,846.41
expense
Including: Disposal loss
of non-current asset
IV. Total Profit (Loss is
-82,035,520.19 20,406,026.79 -79,582,592.61 -92,570,111.15
listed with “-”)
Less: Income tax 44,939.46 7,336,373.37
V. Net profit (Net loss is
-82,080,459.65 20,406,026.79 -86,918,965.98 -92,570,111.15
listed with “-”)
7
Net profit attributable to
owner’s equity of parent -68,401,188.04 20,406,026.79 -79,839,433.69 -92,570,111.15
company
Minority shareholders’
-13,679,271.61 -7,079,532.29
gains and losses
VI. Earnings per share
i. Basic earnings per share -0.11 -0.13
ii. Diluted earnings per share -0.11 -0.13
VII. Other consolidated
income
VIII. Total consolidated
-82,080,459.65 20,406,026.79 -86,918,965.98 -92,570,111.15
income
Total consolidated income
attributable to owners of -68,401,188.04 20,406,026.79 -79,839,433.69 -92,570,111.15
parent company
Total consolidated income
attributable to minority -13,679,271.61 -7,079,532.29
shareholders
Concerning the enterprise consolidation under common control occurred in the period; the mergered
party realized net profit before consolidation amounting to RMB00.00.
4.3 Cash flow statement
Prepared by Shenzhen Nanshan Power Co., Ltd. Jan.-Mar. 2012 Unit: RMB
Amount in this period Amount in last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising from
operating activities:
Cash received from
selling commodities and 648,812,849.64 323,709,231.00 574,247,943.86 304,663,477.00
providing labor services
Net increase of
customer deposit and
interbank deposit
Net increase of loan
from central bank
Net increase of capital
borrowed from other
financial institution
Cash received from
original insurance contract
fee
Net cash received from
reinsurance business
Net increase of insured
savings and investment
Net increase of disposal
of transaction financial asset
Cash received from interest,
commission charge and
commission
Net increase of capital
borrowed
Net increase of returned
business capital
Write-back of tax
8
received
Other cash received
concerning operating 171,144,186.43 477,764,857.40 8,223,931.53 195,327,306.37
activities
Subtotal of cash inflow
arising from operating 819,957,036.07 801,474,088.40 582,471,875.39 499,990,783.37
activities
Cash paid for
purchasing commodities and 459,716,776.66 115,066,044.66 518,447,655.41 268,815,611.15
receiving labor service
Net increase of
customer loans and advances
Net increase of deposits
in central bank and interbank
Cash paid for original
insurance contract
compensation
Cash paid for interest,
commission charge and
commission
Cash paid for bonus of
guarantee slip
Cash paid to/for staff
30,200,830.03 17,438,062.54 35,301,493.20 21,862,044.10
and workers
Taxes paid 8,629,147.25 3,839,356.92 9,017,438.38 4,955,860.61
Other cash paid
concerning operating 20,385,284.73 352,463,357.46 30,870,286.47 189,612,325.59
activities
Subtotal of cash outflow
arising from operating 518,932,038.67 488,806,821.58 593,636,873.46 485,245,841.45
activities
Net cash flows arising
301,024,997.40 312,667,266.82 -11,164,998.07 14,744,941.92
from operating activities
II. Cash flows arising from
investing activities:
Cash received from
106,342,100.00 106,342,100.00
recovering investment
Cash received from
investment income
Net cash received from
disposal of fixed, intangible
and other long-term assets
Net cash received from
disposal of subsidiaries and
other units
Other cash received
concerning investing
activities
Subtotal of cash inflow
106,342,100.00 106,342,100.00
from investing activities
Cash paid for
purchasing fixed, intangible 22,945,634.47 15,195,678.77 9,417,997.99 6,519,918.93
and other long-term assets
Cash paid for
47,881,000.00 56,841,000.00
investment
9
Net increase of
mortgaged loans
Net cash received from
subsidiaries and other units
Other cash paid
concerning investing
activities
Subtotal of cash outflow
22,945,634.47 15,195,678.77 57,298,997.99 63,360,918.93
from investing activities
Net cash flows arising
83,396,465.53 91,146,421.23 -57,298,997.99 -63,360,918.93
from investing activities
III. Cash flows arising from
financing activities
Cash received from
absorbing investment
Including: Cash
received from absorbing
minority shareholders’
investment by subsidiaries
Cash received from
770,000,000.00 435,000,000.00 1,675,600,000.00 878,600,000.00
loans
Cash received from
issuing bonds
Other cash received
concerning financing
activities
Subtotal of cash inflow
770,000,000.00 435,000,000.00 1,675,600,000.00 878,600,000.00
from financing activities
Cash paid for settling
1,101,824,953.89 741,824,953.89 1,645,000,000.00 905,000,000.00
debts
Cash paid for dividend
and profit distributing or 65,914,040.04 36,139,740.61 48,525,552.51 31,672,098.44
interest paying
Including: Dividend and
profit of minority
shareholder paid by
subsidiaries
Other cash paid
concerning financing
activities
Subtotal of cash outflow
1,167,738,993.93 777,964,694.50 1,693,525,552.51 936,672,098.44
from financing activities
Net cash flows arising
-397,738,993.93 -342,964,694.50 -17,925,552.51 -58,072,098.44
from financing activities
IV. Influence on cash and
cash equivalents due to -67,665.61 203.79 -1,588.54 -103.89
fluctuation in exchange rate
V. Net increase of cash and
-13,385,196.61 60,849,197.34 -86,391,137.11 -106,688,179.34
cash equivalents
Add: Balance of cash
and cash equivalents at the 629,318,992.12 303,150,447.89 591,386,814.04 269,369,131.18
period -begin
VI. Balance of cash and cash
615,933,795.51 363,999,645.23 504,995,676.93 162,680,951.84
equivalents at the period -end
4.4 Auditor’s report
Auditor’s opinions: Un-audited
10
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