深圳南山热电股份有限公司 2019 年半年度报告摘要
Stock Code: 000037, 200037 Notice No.: 2019-048 Short Form of the Stock: Shen Nan Dian A, Shen Nan Dian B
Shenzhen Nanshan Power Co., Ltd.
Summary of Semi-Annual Report 2019
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 Nan Dian A, Stock code 000037、200037
Shen Nan Dian 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 2019 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) 408,124,616.38 1,079,760,214.80 -62.20%
Net profit attributable to shareholders of
-25,283,190.82 30,012,095.22 -184.24%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting -28,106,510.82 28,904,372.78 -197.24%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
56,217,376.89 52,590,634.28 6.90%
activities (RMB)
Basic earnings per share (RMB/Share) -0.04 0.05 -180.00%
Diluted earnings per share (RMB/Share) -0.04 0.05 -180.00%
Weighted average ROE -1.43% 1.46% -2.89%
Increase/decrease in this
End of current period End of last period report-end over that of last
period-end
Total assets (RMB) 3,414,007,712.04 3,307,148,289.92 3.23%
Net assets attributable to shareholder of
1,952,588,660.69 1,977,871,851.51 -1.28%
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
28,383 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 0
(INTERNATIO corporate
NAL) LTD
Shenzhen
Guangju State-owned
12.22% 73,666,824 0
Industrial Co., corporate
Ltd.
Shenzhen State-owned
10.80% 65,106,130 0
Energy Group corporate
2
深圳南山热电股份有限公司 2019 年半年度报告摘要
Co., Ltd.
Gaohua－
HSBC－ Overseas
GOLDMAN, 2.13% 12,839,723 0
corporate
SACHS &
CO.LLC
BOCI
Overseas
SECURITIES 1.58% 9,500,745 0
corporate
LIMITED
Domestic
Liu Fang 1.35% 8,158,788 0
nature person
China
Merchants State-owned
1.34% 8,091,708 0
Securities (HK) corporate
Co., Limited
Domestic
Zeng Ying 1.26% 7,595,000 0
nature person
Meiyi
Domestic
Investment
non-state-owne 0.86% 5,206,000 0
Property Co.,
d corporate
Ltd.
LI SHERYN Overseas nature
0.73% 4,407,010 0
ZHAN MING 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 3,346,188 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 2019 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 2019, China's macro economy was generally smooth and stable, but the downward pressure has increased. The
economic operation of Guangdong Province has also continued to be stable, and the main leading indicators of the industrial
economy are generally better than the same period last year. According to the statistics and analysis of relevant departments, from
January to June, the whole province’s total electricity consumption reached 302.750 billion kwh, an increase of 3.31% on a
year-on-year basis, electricity demand continues to grow with a slower pace.
During the reporting period, the operating situation of the company's main power business was even more severe. Under the dual
pressures of high natural gas prices and lowered feed-in tariffs, the company continued to adhere to the “1+5” strategic road map, and
adopted a series of effective measures by scientific decision-making and active planning and efficient implementation to fully cope
with changes in the external situation, and maximized the reduction of losses and the profits: First, the power business was
market-oriented, and scientific decision-making created benefits. Faced with the intensification of the marketization of power trading,
the company actively responded to the trend and shifted its business focus from power generation to electricity market transactions, and
carefully formulated power marketing trading strategies to achieve more economic benefits under the existing conditions. Second,
broadened the procurement channels for gas sources and strive to reduce fuel procurement costs. By strengthening communication with
suppliers and actively expanding gas procurement channels, we increased the market bargaining power and controlled the fuel
procurement costs while ensuring natural gas supply. Third, accelerated the integration of industry and finance and improved the
economic efficiency. We kept up with changes in the external situation, conducted scientific financial analysis and calculations
dynamically, and strengthened the guiding role of finance in all aspects of the company's business activities; at the same time, we
strengthened the overall management of funds within the system, took effective measures to reduce capital costs. Fourth, tracked the
government's relevant land policy trend to Qianhai and the related work progress, studied the corresponding work strategies, did their
utmost to protect the legitimate rights and interests of the company and shareholders. Fifth, further improved the company's
standardized operation and governance level, and revised and improved the relevant basic systems in light of the company's actual
situation, and revised some provisions of the “Articles of Association” according to the revision of the “Guidelines for the Articles of
Association of Listed Companies” by the China Securities Regulatory Commission. Sixth, continuously strengthened the party
building work, and strictly implemented the “three majors and one big” decision-making system, and in accordance with the
organization regulations, the company’s party general branch was promoted to be the party committee, which marked the company's
party building work entering a new stage.
During the reporting period, the Company achieved operating income of 408.1246 million Yuan, net profit attributable to parent
Company amounted as (25.2832) million Yuan, basic earnings per share comes to (0.04) Yuan.
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
1. Changes of accounting policies
Changes in accounting policies for execution of the new financial instrument standards
On March 31, 2017, the Ministry of Finance revised and issued the Accounting Standards for Business Enterprises No. 22 -
4
深圳南山热电股份有限公司 2019 年半年度报告摘要
Recognition and Measurement of Financial Instruments (Revised in 2017) (CK [2017] No. 7) and Accounting Standards for Business
Enterprises No. 23 - Transfer of Financial Assets (Revised in 2017) (CK [2017] No. 8), Accounting Standards for Business
Enterprises No. 24 - Hedge Accounting (Revised in 2017) (CK [2017] No. 9), and issued and revised the Accounting Standards for
Business Enterprises No. 37 – Financial Instruments Presentation (Revised in 2017) (CK [2017] No. 14) on May 2, 2017 (the
above-mentioned four standards are collectively referred to as the “New Financial Instruments Standards”), relevant accounting
policy are adjusted correspondingly. On 15 June 2018, the Notice on Revising and Printing the Format of Financial Statements for
General Enterprises in 2018 was issued, revising the format of financial statements for general enterprises. In accordance wi th the
above mentioned requirement, the Company needs to adjust relevant contents with accounting policy concerned.
Main changes and influences of the Company for implementing the new financial instrument standards:
①Category and measuring contrast of the financial instrument after/before the date when initially implementation
2018-12-31（before ） 2019-1-1（after）
Measurement Measurement
Item Book value Item Book value
category category
Measured by fair
Available-f value and with its
measured by cost Other equity
or-sale variation reckoned
(equity 60,615,000.00 instrument 60,615,000.00
financial into other
instrument) investment
assets comprehensive
income
②On first implementation day, adjustment statement of the category and measurement for former financial instrument and those
adjusted with new financial instrument standards
Item 2018-12-31（before） Re-classified 2019-1-1（after）
Measured by fair value and with its
variation reckoned into other
comprehensive income:
Available-for-sale financial assets
60,615,000.00
(former standard)
Less: transfer to other equity instrument
60,615,000.00
investment
Balance under new financial instrument
standard
Other equity instrument investment
Add: transfer in from available-for-sale
60,615,000.00
financial assets (former standard)
Balance under new financial instrument
60,615,000.00
standard
2. Change of accounting estimate
No changes of accounting estimate in the period
(2) Major accounting errors within reporting period that needs retrospective restatement
□ Applicable √ Not applicable
5
深圳南山热电股份有限公司 2019 年半年度报告摘要
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.
6
