深圳南山热电股份有限公司 2020 年第一季度报告全文
证券代码：000037、200037 证券简称：深南电 A、深南电 B 公告编号：2020-027
Shenzhen Nanshan Power Co., Ltd.
The First Quarterly Report 2020
2020-027
April 2020
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen Nanshan Power
Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors
and senior executives should guarantee the reality, accuracy and completion of
the quarterly report, there are no any fictitious statements, misleading
statements or important omissions carried in this report, and shall take legal
responsibilities, individual and/or joint.
Li Xinwei, person in charge of the Company, Director GM Chen Yuhui, person
in charge of accounting works and CFO Dai Xiji as well as Wang Yi (act for the
financial management dept.), person in charge of accounting organ (accounting
officer) hereby confirm that the Financial Report of this Quarterly Report is
authentic, accurate and complete.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Concerning the forward-looking statements with future planning involved in the
Semi-Report, they do not constitute a substantial commitment for investors.
Investors are advised to exercise caution of investment risks.
The report has been prepared in both Chinese and English, for any
discrepancies, the Chinese version shall prevail. Please read the full report
seriously.
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Interpretation
Items Refers to Contents
Company, the Company, Shen Nan Dian Refers to Shenzhen Nanshan Power Co., Ltd.
Shenzhen Capital Holdings Co., Ltd. (Before the name change
Shenzhen Capital Holdings Refers to
Shenzhen Capital Co., Ltd.)
Shenzhen Gas Refers to Shenzhen Gas Group Co., Ltd.
Shen Nan Dian Dongguan Company Refers to Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd
Except the special description of the monetary unit, rest of the
RMB, in 10 thousand Yuan, 100 Million Yuan Refers to
monetary unit is RMB Yuan, ten thousand Yuan, the 100 Million Yuan
Reporting period Refers to 1 Jan. 2020 to 31 Mar. 2020
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Section II. Basic situation of the Company
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √No
Changes of this period over
Current Period Same period of last year
same period of last year
Operating income (RMB) 228,717,033.81 152,975,230.74 49.51%
Net profit attributable to shareholders of
-14,023,020.62 -28,373,168.62 -50.58%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting -19,987,886.90 -28,916,498.43 -30.88%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
22,023,624.41 -4,897,654.96 -549.68%
activities (RMB)
Basic earnings per share (RMB/Share) -0.02 -0.05 -60.00%
Diluted earnings per share (RMB/Share) -0.02 -0.05 -60.00%
Weighted average ROE -1.00% -1.47% -31.97%
Changes of this period-end
At the end of the reporting
At the end of last year over same period-end of last
period
year
Total assets (RMB) 3,224,956,518.57 3,219,261,720.55 0.18%
Net assets attributable to shareholder of
1,988,749,787.62 2,002,772,808.24 -0.70%
listed company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Item Note
period-end
Receiving unemployment
Gains/losses from the disposal of non-current asset (including the insurance premiums and
6,010,607.03
write-off that accrued for impairment of assets) apportioning government
subsidies related to assets
Other non-operating income and expenditure except for the
-6,641.26
aforementioned items
Less: impact on income tax 34,035.39
Impact on minority shareholders’ equity (post-tax) 5,064.10
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Total 5,964,866.28 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Total common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
Total preferred stockholders with
Total common shareholders at the
24,627 voting rights recover at the end of 0
end of report period
report period (if applicable)
Top ten share-holding
Amount of Number of share pledged/frozen
Shareholder’s Nature of Proportion of Amount of shares
lock-up shares
name shareholder shares held held State of share Amount
held
HONG KONG
NAM HOI Overseas legal
15.28% 92,123,248
(INTERNATION person
AL) LTD.
Shenzhen
Guangju State-owned legal
12.22% 73,666,824
Industrial Co., person
Ltd.
SHENZHEN
ENERGY State-owned legal
10.80% 65,106,130
(GROUP) CO., person
LTD.
Gaohua－HSBC
－GOLDMAN, Overseas legal
2.13% 12,839,723
SACHS & person
CO.LLC
BOCI
Overseas legal
SECURITIES 1.67% 10,036,082
person
LIMITED
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Domestic nature
Liu Fang 1.57% 9,452,088
person
China Merchants
State-owned legal
Securities H.K. 1.34% 8,062,828
person
Co., Ltd.
Domestic nature
Zeng Ying 1.25% 7,559,600
person
Meiyi Investment Domestic non
0.86% 5,207,800
Property Co., Ltd. state legal person
LI SHERYN Foreign nature
0.82% 4,916,090
ZHAN MING person
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Domestically
HONG KONG NAM HOI
92,123,248 listed foreign 92,123,248
(INTERNATIONAL) LTD.
shares
Shenzhen Guangju Industrial Co., RMB common
73,666,824 73,666,824
Ltd. shares
SHENZHEN ENERGY (GROUP) RMB common
65,106,130 65,106,130
CO., LTD. shares
Gaohua－HSBC－GOLDMAN, RMB common
12,839,723 12,839,723
SACHS & CO.LLC shares
Domestically
BOCI SECURITIES LIMITED 10,036,082 listed foreign 10,036,082
shares
RMB common
6,391,288
shares
Liu Fang 9,452,088 Domestically
listed foreign 3,060,800
shares
Domestically
China Merchants Securities H.K.
8,062,828 listed foreign 8,062,828
Co., Ltd.
shares
Domestically
Zeng Ying 7,559,600 listed foreign 7,559,600
shares
RMB common
Meiyi Investment Property Co., Ltd. 5,207,800 5,207,800
shares
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Domestically
LI SHERYN ZHAN MING 4,916,090 listed foreign 4,916,090
shares
1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED was held by
Explanation on associated
SHENZHEN ENERGY (GROUP) CO., LTD
relationship among the aforesaid
2. Among other social public shareholders, the Company did not know whether there were
shareholders
associated relationships or belonging to consistent actors.
Explanation on top 10 shareholders
1. Among the top ten shareholders, Ms. Liu Fang holds 3,891,588 shares through credit
involving margin business (if
transaction guarantee securities account;
applicable)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Section III. Significant Events
I. Particulars about material changes in items of main financial data and financial index and
explanations of reasons
√Applicable □Not applicable
1. Monetary fund has 886.2501 million Yuan at end of the period, an increase of 14.62% over that of period beginning, the main
reason is to withdraw bank wealth management;
2. Other account receivable has 37.366 million Yuan at end of the period, an increase of 15.61% over that of period beginning,
mainly because current account increased;
3. Accounts payable has 14.2566 million yuan at end of the period, a decrease of 28.25% over that of period beginning, mainly
because account payable for nature gas decreased;
4. Taxes payable has 15.0158 million Yuan at end of the period, a decrease of 31.02% over that of period beginning, mainly because
that the value-added tax unpaid reduced in the period;
5. Operation revenue has 228.717 million Yuan in the period, an increase of 49.51% from a year earlier, mainly because sales of
electricity revenue increased for the increase of power generation;
6. Operation cost has 222.4788 million Yuan in the period, an increase of 39.83% from a year earlier, mainly because cost of power
generation increased for the increase of power generation;
7. Tax and surcharge has 2.0493 million Yuan in the period, an increase of 47.69% from a year earlier, mainly because the surcharge
for VAT increased;
8. Other income has 6.6668 million Yuan in the period, an increase of 357.59% from a year earlier, the main reason is the increase in
government subsidies;
9. Income from assets disposal has 0 Yuan in the period, a decrease of 100% from a year earlier, mainly because that there is no fixed
assets disposal gains and losses during the period;
10. Non-operation revenue has 1,400 Yuan in the period, a decrease of 98.66% from a year earlier, mainly because income from
disposal of waste materials decreased;
11. Non-operation expenditure has 10,000 Yuan in the period, a decrease of 60.30% from a year earlier, mainly because loss from
fixed assets discharge declined in the period;
12. Income tax expense has 154,100 Yuan in the period, a decrease of 84.18% from a year earlier, mainly because that the taxable
income in this period decreased compared with the same period of last year;
13. Net cash flow arising from operation activity has 22.0236 million Yuan in the period, an increase of 549.68% from a year earlier
in net in-flow, mainly because electricity revenue increased in the period;
14. Net cash flow arising from investment activity has 66.044 million Yuan in the period, an increase of 549.41% from a year earlier
in net in-flow, mainly because the amount of financial products recovery from the bank increased;
15. Net cash flow arising from financing activity has 26.5932 million Yuan in the period, an increase of 123.13% from a year earlier
in net in-flow, mainly because that the net financing amount increased year-on-year.
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicable
1. Matters related to the transfer of 70% equity of Shen Nan Dian Dongguan Company by agreement. The “Proposal on 70% Equity
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深圳南山热电股份有限公司 2020 年第一季度报告全文
of Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd Transfer by Agreement”(hereinafter, the Proposal) was deliberated
and approved by 11th extraordinary Meeting of 8th BOD and 11th extraordinary Meeting of 8th BOS held on 5 March 2020. On 23
March 2020, the above mentioned Proposal was deliberated and approved by First Extraordinary Shareholders’ General Meeting of
2020, and agreed to transfer 70% equity of Shen Nan Dian Dongguang Company, directly and indirectly held by the Company to
Shenzhen Gas by Agreement with consideration of 104.98 million yuan in total (including 87.5 million yuan equity agreement price
and 17.48 million yuan interim gains/losses). (found more in the Notice on 70% Equity of Shen Nan Dian (Dongguan) Weimei
Electric Power Co., Ltd Transfer by Agreement [Notice No.: 2020-006] and Resolution of First Extraordinary Shareholders’ General
Meeting of 2020 [Notice No.: 2020-019] released on China Securities Journal, Securities Times, Hong Kong Commercial Daily and
Juchao Website.)
2. Investment for the Yuanzhi Credit Suisse New Generation IT Equity Investment Fund. The “Proposal on Investment for the
Yuanzhi Credit Suisse New Generation IT Equity Investment Fund and Related Party Transactions”(hereinafter, the Proposal) was
deliberated and approved by 11th extraordinary Meeting of 8th BOD and 11th extraordinary Meeting of 8th BOS held on 5 March 2020.
On 23 March 2020, the above mentioned Proposal was deliberated and approved by First Extraordinary Shareholders’ General
Meeting of 2020, and agreed to investment 200 million yuan with own fund for the Yuanzhi Credit Suisse New Generation IT Equity
Investment Fund. (found more in the Notice on Investment for the Yuanzhi Credit Suisse New Generation IT Equity Investment
Fund and Related Party Transactions [Notice No.: 2020-007] and Resolution of First Extraordinary Shareholders’ General Meeting
of 2020 [Notice No.: 2020-019] released on China Securities Journal, Securities Times, Hong Kong Commercial Daily and Juchao
Website.)
Except for the above mentioned, relevant matters of T102-0011 and T102-0155 lands have no significant matters or progress to be
disclosed during the reporting period; the projects as Guangdong Aid to Xingjiang participated in 2013, the benefit fund of the
technical improvement, collection work for funds refundable, has no progress or change during the reporting period.
Implementation progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments completed in Period and those without completed till end of the Period
from actual controller, shareholders, related parties, purchaser and companies
□ Applicable √ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller,
shareholders, related parties, purchaser and companies.
IV. Securities Investment
□ Applicable √ Not applicable
No security investment in Period.
V. Trust financing
√Applicable □Not applicable
In 10 thousand Yuan
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Type Capital sources Amount occurred Outstanding balance Overdue amount
Bank financial products Own funds 8,600 1,800 0
Total 8,600 1,800 0
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed
□Applicable √Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VI. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.
VII. Registration form for receiving research, communication and interview in the report
period
√ Applicable □Not applicable
Time Way Type Basic situation index of investigation
Search the register of shareholders,
Jan.-Mar. 2020 Field research Individual (8) attending the shareholders’ general
meeting,
Query the number of shareholders,
inquire about the situation of Shen Nan
Dian Dongguan Company, the
company's resumption of production
Jan.-Mar. 2020 Written inquiries Individual (13)
during the epidemic, and the land-related
situation of the company's three power
plants, etc., and the company will reply
in writing.
Continuing operation of the Company,
the situation of the Shen Nan Dian
Dongguan Company, the company's
resumption of production during the
Jan.-Mar. 2020 Telephone communication Individual (Dozens of times)
epidemic, and the land related conditions
of the Nanshan Power Factory,
responded in accordance with the law
and regulations.
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深圳南山热电股份有限公司 2020 年第一季度报告全文
VIII. External security against the rules
□ Applicable √ Not applicable
The Company has no external security against the rules in the Period.
IX. Controlling shareholders' and its related party's non-business capital occupying of the
listed company
□ Applicable √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company.
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Nanshan Power Co., Ltd
2020-03-31
In RMB
Items 2020-3-31 2019-12-31
Current assets:
Monetary fund 886,250,132.52 773,209,854.84
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable 2,700,000.00
Account receivable 163,210,321.60 178,150,580.32
Receivable financing
Accounts paid in advance 65,606,208.63 70,005,681.50
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 37,366,016.30 32,321,826.94
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 124,922,320.23 124,686,443.61
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 375,018,312.19 445,236,731.33
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Total current assets 1,655,073,311.47 1,623,611,118.54
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 14,818,668.82 14,619,203.03
Investment in other equity
60,615,000.00 60,615,000.00
instrument
Other non-current financial assets
Investment real estate 2,352,292.60 2,401,327.00
Fixed assets 1,355,983,973.02 1,381,675,872.68
Construction in progress 66,754,831.97 66,474,630.23
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 43,159,023.75 43,602,166.44
Expense on Research and
Development
Goodwill
Long-term expenses to be
1,111,185.47 1,174,171.16
apportioned
Deferred income tax asset 2,206,049.69 2,206,049.69
Other non-current asset 22,882,181.78 22,882,181.78
Total non-current asset 1,569,883,207.10 1,595,650,602.01
Total assets 3,224,956,518.57 3,219,261,720.55
Current liabilities:
Short-term loans 917,179,132.20 881,075,378.48
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 14,256,605.45 19,871,102.41
Accounts received in advance
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Contractual liability
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 55,830,559.18 55,208,432.53
Taxes payable 15,015,797.94 21,769,273.77
Other account payable 42,475,162.47 43,691,472.06
Including: Interest payable
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 1,044,757,257.24 1,021,615,659.25
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long-term wages payable
Accrual liability 26,646,056.28 26,646,056.28
Deferred income 106,930,173.82 108,507,683.52
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 133,576,230.10 135,153,739.80
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Total liabilities 1,178,333,487.34 1,156,769,399.05
Owner’s equity:
Share capital 602,762,596.00 602,762,596.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 362,770,922.10 362,770,922.10
Less: Inventory shares
Other comprehensive income -2,500,000.00 -2,500,000.00
Reasonable reserve
Surplus public reserve 332,908,397.60 332,908,397.60
Provision of general risk
Retained profit 692,807,871.92 706,830,892.54
Total owner’ s equity attributable to
1,988,749,787.62 2,002,772,808.24
parent company
Minority interests 57,873,243.61 59,719,513.26
Total owner’ s equity 2,046,623,031.23 2,062,492,321.50
Total liabilities and owner’ s equity 3,224,956,518.57 3,219,261,720.55
Legal Representative: President Li Xinwei
Person in charge of accounting works: Director GM Chen Yuhui, CFO Dai Xiji
Person in charge of accounting institute: Deputy Manager Wang Yi
2. Balance Sheet of Parent Company
In RMB
Item 2020-3-31 2019-12-31
Current assets:
Monetary funds 743,152,541.67 632,948,706.11
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 28,916,560.38 31,824,693.69
Receivable financing
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Accounts paid in advance 45,547,095.13 46,152,700.57
Other account receivable 863,485,742.80 873,861,071.55
Including: Interest receivable
Dividend receivable
Inventories 101,389,192.99 101,728,367.43
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 368,141,051.13 438,613,774.49
Total current assets 2,150,632,184.10 2,125,129,313.84
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 303,341,165.00 303,341,165.00
Investment in other equity
60,615,000.00 60,615,000.00
instrument
Other non-current financial assets
Investment real estate
Fixed assets 317,748,563.18 321,395,526.04
Construction in progress 2,058,829.97 1,949,450.23
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 277,968.76 404,104.06
Research and development costs
Goodwill
Long-term deferred expenses 750,404.51 790,841.39
Deferred income tax assets
Other non-current assets
Total non-current assets 684,791,931.42 688,496,086.72
Total assets 2,835,424,115.52 2,813,625,400.56
Current liabilities
Short-term borrowings 616,743,088.75 580,640,114.59
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Trading financial liability
Derivative financial liability
Notes payable
Account payable 913,859.08 864,016.74
Accounts received in advance
Contractual liability
Wage payable 35,072,774.94 33,840,544.53
Taxes payable 301,177.71 718,630.17
Other accounts payable 193,641,103.60 203,332,331.14
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 846,672,004.08 819,395,637.17
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long term employee compensation
payable
Accrued liabilities
Deferred income 57,397,377.38 58,261,356.20
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 57,397,377.38 58,261,356.20
Total liabilities 904,069,381.46 877,656,993.37
Owners’ equity:
Share capital 602,762,596.00 602,762,596.00
Other equity instrument
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深圳南山热电股份有限公司 2020 年第一季度报告全文
Including: preferred stock
Perpetual capital
securities
Capital public reserve 289,963,039.70 289,963,039.70
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 332,908,397.60 332,908,397.60
Retained profit 705,720,700.76 710,334,373.89
Total owner’s equity 1,931,354,734.06 1,935,968,407.19
Total liabilities and owner’s equity 2,835,424,115.52 2,813,625,400.56
3. Consolidated Profit Statement
In RMB
Item Current period Last period
I. Total operating income 228,717,033.81 152,975,230.74
Including: Operating income 228,717,033.81 152,975,230.74
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 251,289,929.79 187,113,939.80
Including: Operating cost 222,478,803.66 159,111,562.68
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
Tax and extras 2,049,312.50 1,387,607.12
Sales expense 1,070,938.90 1,053,802.16
Administrative expense 21,190,048.99 20,641,767.60
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深圳南山热电股份有限公司 2020 年第一季度报告全文
R&D expense
Financial expense 4,500,825.74 4,919,200.24
Including: Interest
10,225,384.24 12,647,043.44
expenses
Interest income -5,956,731.84 -7,889,780.98
Add: other income 6,666,794.07 1,456,931.10
Investment income (Loss is
199,465.79 -431,753.10
listed with “-”)
Including: Investment income
on affiliated company and joint venture
The termination of income
recognition for financial assets measured
by amortized cost(Loss is listed with “-”)
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income from assets disposal
-402,738.25
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
-15,706,636.12 -33,516,269.31
“-”)
Add: Non-operating income 1,401.84 104,485.70
Less: Non-operating expense 10,000.00 25,188.07
IV. Total profit (Loss is listed with “-”) -15,715,234.28 -33,436,971.68
Less: Income tax expense 154,055.99 973,552.89
V. Net profit (Net loss is listed with “-”) -15,869,290.27 -34,410,524.57
(i) Classify by business continuity
1.continuous operating net profit
(net loss listed with ‘-”)
2.termination of net profit (net loss
listed with ‘-”)
19
深圳南山热电股份有限公司 2020 年第一季度报告全文
(ii) Classify by ownership
1.Net profit attributable to owner’s
-14,023,020.62 -28,373,168.62
of parent company
2.Minority shareholders’ gains and
-1,846,269.65 -6,037,355.95
losses
VI. Net after-tax of other comprehensive
income
Net after-tax of other comprehensive
income attributable to owners of parent
company
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial assets
re-classify to other comprehensive
income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
20
深圳南山热电股份有限公司 2020 年第一季度报告全文
6.Translation differences
arising on translation of foreign currency
financial statements
7.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income -15,869,290.27 -34,410,524.57
Total comprehensive income
-14,023,020.62 -28,373,168.62
attributable to owners of parent Company
Total comprehensive income
-1,846,269.65 -6,037,355.95
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.02 -0.05
(ii) Diluted earnings per share -0.02 -0.05
Legal Representative: President Li Xinwei
Person in charge of accounting works: Director GM Chen Yuhui, CFO Dai Xiji
Person in charge of accounting institute: Deputy Manager Wang Yi
4. Profit Statement of Parent Company
In RMB
Item Current period Last period
I. Operating income 39,576,718.44 51,953,247.12
Less: Operating cost 47,086,536.01 59,371,196.61
Taxes and surcharge 25,249.45 548,340.11
Sales expenses
Administration expenses 9,977,388.80 11,917,938.97
R&D expenses
Financial expenses -7,701,706.54 -7,572,589.42
Including: interest
6,759,039.78 11,511,308.35
expenses
Interest income -14,542,892.69 -19,015,116.03
Add: other income 5,197,076.15 368,626.17
21
深圳南山热电股份有限公司 2020 年第一季度报告全文
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated Company and joint venture
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income on disposal of assets
-231,373.37
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
-4,613,673.13 -12,174,386.35
“-”)
Add: Non-operating income
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) -4,613,673.13 -12,174,386.35
Less: Income tax
IV. Net profit (Net loss is listed with
-4,613,673.13 -12,174,386.35
“-”)
(i)continuous operating net profit (net
loss listed with ‘-”)
(ii) termination of net profit (net
loss listed with ‘-”)
V. Net after-tax of other comprehensive
income
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
22
深圳南山热电股份有限公司 2020 年第一季度报告全文
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial
assets re-classify to other
comprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
VI. Total comprehensive income -4,613,673.13 -12,174,386.35
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item Current period Last period
I. Cash flows arising from operating
activities:
23
深圳南山热电股份有限公司 2020 年第一季度报告全文
Cash received from selling
commodities and providing labor 269,328,078.58 186,351,276.89
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
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Net cash received by agents in sale
and purchase of securities
Write-back of tax received 171,207.01
Other cash received concerning
13,182,662.61 22,895,402.99
operating activities
Subtotal of cash inflow arising from
282,681,948.20 209,246,679.88
operating activities
Cash paid for purchasing
commodities and receiving labor 191,188,380.26 154,761,126.02
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Net increase of capital lent
24
深圳南山热电股份有限公司 2020 年第一季度报告全文
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 34,694,210.48 38,267,116.27
Taxes paid 21,136,774.95 9,429,950.97
Other cash paid concerning
13,638,958.10 11,686,141.58
operating activities
Subtotal of cash outflow arising from
260,658,323.79 214,144,334.84
operating activities
Net cash flows arising from operating
22,023,624.41 -4,897,654.96
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
178,000,000.00
investment
Cash received from investment
191,275.06
income
Net cash received from disposal of
fixed, intangible and other long-term 1,989,560.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
178,191,275.06 1,989,560.00
activities
Cash paid for purchasing fixed,
2,147,254.56 16,685,177.41
intangible and other long-term assets
Cash paid for investment 110,000,000.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
112,147,254.56 16,685,177.41
activities
25
深圳南山热电股份有限公司 2020 年第一季度报告全文
Net cash flows arising from investing
66,044,020.50 -14,695,617.41
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 loans 86,000,000.00 230,000,000.00
Other cash received concerning
2,133,338.86
financing activities
Subtotal of cash inflow from financing
86,000,000.00 232,133,338.86
activities
Cash paid for settling debts 50,000,000.00 334,000,000.00
Cash paid for dividend and profit
9,406,836.84 13,093,959.02
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
59,406,836.84 347,093,959.02
activities
Net cash flows arising from financing
26,593,163.16 -114,960,620.16
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 99,323.49 -131,875.21
exchange rate
V. Net increase of cash and cash
114,760,131.56 -134,685,767.74
equivalents
Add: Balance of cash and cash
771,490,000.96 914,956,611.70
equivalents at the period -begin
VI. Balance of cash and cash
886,250,132.52 780,270,843.96
equivalents at the period -end
6. Cash Flow Statement of Parent Company
In RMB
26
深圳南山热电股份有限公司 2020 年第一季度报告全文
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 52,945,277.26 80,902,171.49
services
Write-back of tax received 171,207.01
Other cash received concerning
42,047,324.58 38,366,707.44
operating activities
Subtotal of cash inflow arising from
95,163,808.85 119,268,878.93
operating activities
Cash paid for purchasing
commodities and receiving labor 40,043,331.88 72,960,767.27
service
Cash paid to/for staff and workers 19,841,265.42 22,272,693.24
Taxes paid 91,230.61 6,293,432.39
Other cash paid concerning
23,284,108.41 107,367,157.23
operating activities
Subtotal of cash outflow arising from
83,259,936.32 208,894,050.13
operating activities
Net cash flows arising from operating
11,903,872.53 -89,625,171.20
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
178,000,000.00
investment
Cash received from investment
191,275.06
income
Net cash received from disposal of
fixed, intangible and other long-term 1,794,800.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
178,191,275.06 1,794,800.00
activities
27
深圳南山热电股份有限公司 2020 年第一季度报告全文
Cash paid for purchasing fixed,
74,212.00 11,886,483.79
intangible and other long-term assets
Cash paid for investment 110,000,000.00
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
110,074,212.00 11,886,483.79
activities
Net cash flows arising from investing
68,117,063.06 -10,091,683.79
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 86,000,000.00 230,000,000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
86,000,000.00 230,000,000.00
activities
Cash paid for settling debts 50,000,000.00 230,000,000.00
Cash paid for dividend and profit
5,817,822.93 11,040,179.19
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
55,817,822.93 241,040,179.19
activities
Net cash flows arising from financing
30,182,177.07 -11,040,179.19
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 722.90 -876.21
exchange rate
V. Net increase of cash and cash
110,203,835.56 -110,757,910.39
equivalents
Add: Balance of cash and cash
632,948,706.11 766,041,463.01
equivalents at the period -begin
VI. Balance of cash and cash
743,152,541.67 655,283,552.62
equivalents at the period -end
28
深圳南山热电股份有限公司 2020 年第一季度报告全文
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new revenue
rules and new leasing rules from 2020
√Applicable □Not applicable
Consolidated balance sheet
In RMB
Item 2019-12-31 2020-01-01 Adjustment amount
Current assets:
Monetary funds 773,209,854.84 773,209,854.84
Account receivable 178,150,580.32 178,150,580.32
Accounts paid in
70,005,681.50 70,005,681.50
advance
Other account
32,321,826.94 32,321,826.94
receivable
Inventories 124,686,443.61 124,686,443.61
Other current assets 445,236,731.33 445,236,731.33
Total current assets 1,623,611,118.54 1,623,611,118.54
Non-current assets:
Long-term equity
14,619,203.03 14,619,203.03
investment
Investment in other
60,615,000.00 60,615,000.00
equity instrument
Investment real estate 2,401,327.00 2,401,327.00
Fixed assets 1,381,675,872.68 1,381,675,872.68
Construction in progress 66,474,630.23 66,474,630.23
Intangible assets 43,602,166.44 43,602,166.44
Long-term expenses to
1,174,171.16 1,174,171.16
be apportioned
Deferred income tax
2,206,049.69 2,206,049.69
asset
Other non-current asset 22,882,181.78 22,882,181.78
Total non-current asset 1,595,650,602.01 1,595,650,602.01
Total assets 3,219,261,720.55 3,219,261,720.55
Current liabilities:
Short-term loans 881,075,378.48 881,075,378.48
29
深圳南山热电股份有限公司 2020 年第一季度报告全文
Account payable 19,871,102.41 19,871,102.41
Wage payable 55,208,432.53 55,208,432.53
Taxes payable 21,769,273.77 21,769,273.77
Other account payable 43,691,472.06 43,691,472.06
Total current liabilities 1,021,615,659.25 1,021,615,659.25
Non-current liabilities:
Accrual liability 26,646,056.28 26,646,056.28
Deferred income 108,507,683.52 108,507,683.52
Total non-current liabilities 135,153,739.80 135,153,739.80
Total liabilities 1,156,769,399.05 1,156,769,399.05
Owner’s equity:
Share capital 602,762,596.00 602,762,596.00
Capital public reserve 362,770,922.10 362,770,922.10
Other comprehensive
-2,500,000.00 -2,500,000.00
income
Surplus public reserve 332,908,397.60 332,908,397.60
Retained profit 706,830,892.54 706,830,892.54
Total owner’ s equity
attributable to parent 2,002,772,808.24 2,002,772,808.24
company
Minority interests 59,719,513.26 59,719,513.26
Total owner’ s equity 2,062,492,321.50 2,062,492,321.50
Total liabilities and owner’ s
3,219,261,720.55 3,219,261,720.55
equity
Note of adjustment: nil
Balance sheet of parent company
In RMB
Item 2019-12-31 2020-01-01 Adjustment amount
Current assets:
Monetary funds 632,948,706.11 632,948,706.11
Account receivable 31,824,693.69 31,824,693.69
Accounts paid in
46,152,700.57 46,152,700.57
advance
Other account
873,861,071.55 873,861,071.55
receivable
Inventories 101,728,367.43 101,728,367.43
30
深圳南山热电股份有限公司 2020 年第一季度报告全文
Other current assets 438,613,774.49 438,613,774.49
Total current assets 2,125,129,313.84 2,125,129,313.84
Non-current assets:
Long-term equity
303,341,165.00 303,341,165.00
investment
Investment in other
60,615,000.00 60,615,000.00
equity instrument
Fixed assets 321,395,526.04 321,395,526.04
Construction in progress 1,949,450.23 1,949,450.23
Intangible assets 404,104.06 404,104.06
Long-term expenses to
790,841.39 790,841.39
be apportioned
Total non-current asset 688,496,086.72 688,496,086.72
Total assets 2,813,625,400.56 2,813,625,400.56
Current liabilities:
Short-term loans 580,640,114.59 580,640,114.59
Account payable 864,016.74 864,016.74
Wage payable 33,840,544.53 33,840,544.53
Taxes payable 718,630.17 718,630.17
Other account payable 203,332,331.14 203,332,331.14
Total current liabilities 819,395,637.17 819,395,637.17
Non-current liabilities:
Deferred income 58,261,356.20 58,261,356.20
Total non-current liabilities 58,261,356.20 58,261,356.20
Total liabilities 877,656,993.37 877,656,993.37
Owner’s equity:
Share capital 602,762,596.00 602,762,596.00
Capital public reserve 289,963,039.70 289,963,039.70
Surplus public reserve 332,908,397.60 332,908,397.60
Retained profit 710,334,373.89 710,334,373.89
Total owner’ s equity 1,935,968,407.19 1,935,968,407.19
Total liabilities and owner’ s
2,813,625,400.56 2,813,625,400.56
equity
Note of adjustment: nil
31
深圳南山热电股份有限公司 2020 年第一季度报告全文
2. Retrospective adjustment of the comparative data for initial implementation of new revenue rules and
new leasing rules from 2020
□Applicable √Not applicable
III. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.
32
