Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Stock Code：000037, 200037 Stock Code：2009-058
Short Form of the Stock：Shennandian A, Shennandian B
Shenzhen Nanshan Power Co., Ltd.
The Third Quarterly Report for 2009
(Full Text)
§1. Important Notes
1.1 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 hereby
confirm that there are no any fictitious statements, misleading statements, or 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 All the directors presented the board meeting on discussing the Third Quarterly Report except
for the following directors.
Name of
absent directors
Positions of
absent directors Reasons for absence from the meeting Name of
entrustee
Wang Jianbin Vice Chairman Absent due to other work
Independent
Director Wu
Xiaolei
He Yingyi Director Absent due to other work Vice Chairman
Sun Yulin
Li Hongsheng Director Absent due to other work
Independent
Director Wu
Xiaolei
Zhou Chengxin Independent
Director Absent due to other work
Independent
Director Yu
Xiufeng
Xu Jing’an Independent
Director Absent due to other work
Independent
Director Yu
Xiufeng
1.3 The Third Quarterly Financial Report of 2009 has not been audited by CPAs.
1.4 Chairman of the Board Yang Haixian, Director and General Manager Fu Bo, CFO Lu Xiaoping
and Manager of Financial Dept. Mr. Huang Jian hereby confirm that the Financial Report of the
Third Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes:
Unit: RMB
Sep. 30, 2009 Dec. 31, 2008 Increase/decrease scope
(%)
Total assets (RMB) 5,223,649,340.71 4,985,939,525.71 4.77%
Owners’ equities attributable to the
shareholders of listed company
(RMB)
1,941,048,161.36 1,773,172,227.76 9.47%
Share capital (Share) 602,762,596.00 602,762,596.00 0.00%
Net assets per share attributable to
the shareholders of listed company
(RMB/Share)
3.22 2.94 9.52%Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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July-Sep. 2009
Increase/decrease
over the same
period of the last
year (%)
Jan.-Sep. 2009
Increase/decrease
over the same
period of the last
year (%)
Total operating income (RMB) 609,216,822.80 -30.22% 1,487,870,813.13 -47.27%
Net profit attributable to the
shareholders of listed company
(RMB)
106,914,277.39 4,838.89% 167,875,933.60 499.40%
Net cash flow arising from operating
activities (RMB) - - 236,872,808.32 -294.35%
Net cash flow arising from operating
activities per share (RMB/Share) - - 0.39 -294.35%
Basic earnings per share
(RMB/Share) 0.177 -4,525.00% 0.279 506.52%
Diluted earnings per share
(RMB/Share) 0.177 -4,525.00% 0.279 506.52%
Return on equity (%) 5.51% 4,338.46% 8.65% 437.27%
Return on equity after deducting
non-recurring gains and losses (%) 5.49% 18,400.00% 8.58% -770.31%
Unit: RMB
Items of non-recurring gains and losses Balance from year begin to
the end of report period Remarks
Net value of non-operating income and expense 1,376,466.01
Total 1,376,466.01 -
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
at the end of report period 41,168
Particulars about the shares held by the top ten shareholders with unrestricted conditions
Full Name of shareholder Unrestricted shares held Type of shares
SHENZHEN GUANGJU ELECTRONIC
INVESTMENT CO., LTD 119,802,838 RMB ordinary share
HONG KONG NAM HOI
(INTERNATIONAL) LIMITED 92,123,248 Domestically listed foreign share
BNP P P/PAND INVESTMENT CO.,
LTD. 66,811,194 Domestically listed foreign share
SHENZHEN ENERGY (GROUP) CO.,
LTD. 65,106,130 RMB ordinary share
STATE GRID SHENZHEN ENERGY
DEVELOPMENT (GROUP) CO., LTD. 41,726,049 RMB ordinary share
MORGAN STANLEY & CO.
INTERNATIONAL PLC 18,128,286 Domestically listed foreign share
YANG SHI MIN 2,498,210 Domestically listed foreign share
YAN TIAN GONG 2,075,200 Domestically listed foreign share
Zhongshan Changli Real Estate
Development Co., Ltd. 1,770,000 RMB ordinary share
NAITO SECURITIES CO., LTD. 1,700,382 Domestically listed foreign share
§3. Significant eventsShenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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3.1 Particulars about material changes in items of main accounting statement and financial index,
and explanations of reasons
√Applicable □Inapplicable
(1)Particulars about profit statement
Item Change scope Main reasons
Operating income -47.27% Power generation was reduced
Operating cost -63.71% Power generation was reduced; fuel cost fell
greatly
Sales expense -58.22% Decreased purchase for oils
Non-operating income -75.49% Power generation was reduced; and subsidy for
fuel oil decreased
Non-operating expenditure -99.00% Decreased loss from disposing fixed assets
Income tax expense -98.73% Profit of this year was used for offsetting the
losses of previous years
Net profit attributable to
owners of parent company 499.40% Fuel cost fell greatly; compressed administration
and financial expenses
(2)Particulars about balance sheet
Item Change scope Main reasons
Account receivable 74.42% Income receivable from power generation
increased
Account paid in advance -61.96% Accounts paid in advance to suppliers for goods
decreased
Long-term equity investment 78.43% Invested Jiangxi Xinchang Power Plant and
Anhui Tongling Power Plant
Construction in progress 162.51% Mainly increased the project in progress of
sludge drying
Long-term expenses to be
apportioned 37.47% Amortization in this period
Notes payable 127.91% Increased bank acceptance for purchasing raw
materials
Account received in advance 184.41% Mainly referred to the engineering account
received in advance
Long-term liabilities due
within one year -40.00% Returned loans
Undistributed profit 35.43% Profit earned in this period
(3)Particulars about cash flow statement
Item Change scope Main reason
Net cash flow arising from
operating activities
Increased
RMB
358,749,400
Decline of fuel cost correspondingly brought
down “Cash paid for purchasing commodities
and receiving labor service”
Net cash flow arising from
investment activities
Decreased
RMB
212,380,700
Expenditure for purchasing fixed assets
increased; Invested Jiangxi Xinchang Power
Plant and Anhui Tongling Power Plant
Net cash flow arising from
financing activities
Decreased
RMB
296,897,400
Compressed monetary capital and returned
loans
3.2 Progress of significant events, their influences, and analysis and explanation of their solutions
√Applicable □Inapplicable
In year 2008, Pricewaterhousecoopers Zhongtian Certified Public Accountants issued unqualified
auditor’s opinions with paragraph of emphasized matters for the Company. During the report period,
the matters concerned in non-standard unqualified auditor’s opinions did not have any progress. (ForShenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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details, please refer to the notice dated on April 9, 2009 with the notice number of 2009－019.)
3.3 Implementations of commitments by the Company, shareholders and actual controller
□Applicable √Inapplicable
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 Particulars about the other significant events which needed explanations
1 Whether the Company provided capital for controlling shareholders or its related parties, or
disobeyed regulations and procedure to provide external guarantee
□Applicable √Inapplicable
2 In the report period, whether the relevant parties make compensation for the committed gains in the
Company’s implementing Share Consolidation Reform and Material Assets Reorganization
□Applicable √Inapplicable
3 Particulars about securities investment
□Applicable √Inapplicable
4 Particulars about significant contract
□Applicable √Inapplicable
5 Particulars about derivatives investment
□Applicable √Inapplicable
3.5.1 Activities on receiving research, communication and interview in the report period
In the report period, there were no receiving spot research, communication and written inquiry from
the investors.
§4. Appendix
4.1 Balance sheet
Prepared by Shenzhen Nanshan Power Co., Ltd. Sep. 30, 2009 Unit: RMB
Items ConsolAidmatoiounn t at pePriaorde-netn Cd ompany ConsolAidmatoiounn t at yePara-rbeengt iCn ompany
Current assets:
Monetary funds 342,141,561.01 48,258,453.01 429,507,715.29 29,272,846.21
Settlement provisions
Capital lent
Transaction finance
asset
Notes receivable 2,626,222.50
Accounts receivable 592,824,747.82 96,170,352.24 339,893,125.56 114,758,696.74
Accounts paid in
advance 25,489,277.15 42,588,191.53 67,011,796.04 5,391,749.58
Insurance receivableShenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable 597,875,904.41 597,875,904.41
Other receivables 15,786,347.43 1,008,924,525.35 16,177,663.50 1,092,405,738.66
Purchase restituted
finance asset
Inventories 1,311,879,385.90 177,950,694.17 1,292,492,515.40 200,016,725.06
Non-current asset due
within one year
Other current assets
Total current assets 2,288,121,319.31 1,971,768,120.71 2,147,709,038.29 2,039,721,660.66
Non-current assets:
Granted loans and
advances
Finance asset available
for sales
Held-to-maturity
investment
Long-term account
receivable
Long-term equity
investment 275,797,515.00 766,320,364.76 154,568,943.00 645,091,792.76
Investment property 8,319,303.78 8,810,232.45
Fixed assets 2,362,669,720.03 366,073,028.91 2,501,462,089.16 398,151,919.32
Construction in progress 181,713,689.71 29,959,981.22 69,221,381.57 15,247,657.72
Engineering material
Disposal of fixed asset 5,891,209.20 15,578.00
Productive biological
asset
Oil and gas asset
Intangible assets 81,591,475.98 2,209,479.47 84,312,023.87 3,809,711.87
Expense on Research
and Development
Goodwill
Long-term expenses to
be apportioned 518,512.14 313,095.59 829,221.81 397,996.28
Deferred income tax
asset 19,026,595.56 14,756,122.84 19,026,595.56 14,756,122.84
Other non-current asset
Total non-current asset 2,935,528,021.40 1,179,647,650.79 2,838,230,487.42 1,077,455,200.79
Total assets 5,223,649,340.71 3,151,415,771.50 4,985,939,525.71 3,117,176,861.45
Current liabilities:
Short-term loans 2,492,082,050.90 1,317,000,000.00 2,461,843,918.77 1,145,922,040.00
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable 157,370,282.59 38,500,000.00 69,049,391.35 21,918,219.70
Accounts payable 122,335,063.78 38,078,605.86 104,706,998.24 175,244,357.18
Accounts received in
advance 6,252,956.20 2,198,638.40Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 37,212,081.19 20,616,154.21 31,921,195.28 17,785,432.49
Taxes payable -379,077,236.84 -333,087,241.07 -339,865,158.06 -286,213,117.57
Interest payable 37,911,415.74 34,361,227.33 2,171,300.00
Dividend payable
Other accounts payable 313,989,639.96 291,834,158.88 304,241,543.35 196,718,008.59
Reinsurance payables
Insurance contract
reserve
Security trading of
agency
Security sales of agency
Non-current liabilities
due within 1 year 60,000,000.00 100,000,000.00
Other current liabilities
Total current liabilities 2,848,076,253.52 1,372,941,677.88 2,768,457,754.66 1,273,546,240.39
Non-current liabilities:
Long-term loans 221,000,000.00 110,000,000.00 281,000,000.00 110,000,000.00
Bonds payable
Long-term account
payable
Special accounts
payable
Projected liabilities
Deferred income tax
liabilities 3,600,000.00 600,000.00
Other non-current
liabilities
Total non-current liabilities 224,600,000.00 110,000,000.00 281,600,000.00 110,000,000.00
Total liabilities 3,072,676,253.52 1,482,941,677.88 3,050,057,754.66 1,383,546,240.39
Owner’s equity (or
shareholders’ equity):
Paid-in capital (or share
capital) 602,762,596.00 602,762,596.00 602,762,596.00 602,762,596.00
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 641,747,240.25 444,033,967.55 473,871,306.65 509,190,494.99
Balance difference of
foreign currency translation
Total owner’s equity
attributable to parent
company
1,941,048,161.36 1,668,474,093.62 1,773,172,227.76 1,733,630,621.06
Minority interests 209,924,925.83 162,709,543.29
Total owner’s equity 2,150,973,087.19 1,668,474,093.62 1,935,881,771.05 1,733,630,621.06
Total liabilities and owner’s
equity 5,223,649,340.71 3,151,415,771.50 4,985,939,525.71 3,117,176,861.45
4.2 Profit statement in the report periodShenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Prepared by Shenzhen Nanshan Power Co., Ltd. July-Sep. 2009 Unit: RMB
Amount in Items Consolidation thiPsa preenrito Cd ompany ACmoonusnotl iidna tthioen s ame pPerairoedn to Cf loamstp yaenayr
I. Total operating income 609,216,822.80 120,118,088.71 873,028,113.31 297,471,035.46
Including: Operating income 609,216,822.80 120,118,088.71 873,028,113.31 297,471,035.46
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 665,770,098.03 146,109,815.62 1,489,546,192.01 588,404,346.25
Including: Operating cost 608,369,918.54 133,214,239.28 1,416,687,771.54 560,727,323.67
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 1,728,183.48 1,164,967.39 2,046,794.42 976,694.39
Sales expenses 232,616.78 552,614.07
Administration
expenses 26,223,618.58 4,974,646.71 28,775,786.49 9,823,177.93
Financial expenses 29,215,760.65 6,755,962.24 41,483,225.49 16,877,150.26
Losses of devaluation of
asset
Add: Changing income
of fair value(Loss is listed
with “-”)
Investment income
(Loss is listed with “-”) 266,089.80 266,089.80 67,557,104.24
Including: Investment
income on affiliated
company and joint venture
Exchange income (Loss
is listed with “-”)
III. Operating profit (Loss
is listed with “-”) -56,287,185.43 -25,725,637.11 -616,518,078.70 -223,376,206.55
Add: Non-operating
income 196,464,968.34 -34,142,200.00 641,611,404.93 350,533,512.53
Less: Non-operating
expense -12,871.80 3,464,207.73 88,650.00
Including: Disposal loss
of non-current asset
IV. Total Profit (Loss is
listed with “-”) 140,190,654.71 -59,867,837.11 21,629,118.50 127,068,655.98
Less: Income tax
expense 71,077.99 13,405,213.55 12,768,540.44
V. Net profit (Net loss is
listed with “-”) 140,119,576.72 -59,867,837.11 8,223,904.95 114,300,115.54
Net profit attributable to 106,914,277.39 -2,256,104.27Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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owner’s of parent company
Minority shareholders’
gains and losses 33,205,299.33 10,480,009.22
VI. Earnings per share
i. Basic earnings per share 0.177 -0.004 0.190
ii. Diluted earnings per share 0.177 -0.004 0.190
VII. Other consolidated
income
VIII. Total consolidated
income 140,119,576.72 -59,867,837.11 8,223,904.95 114,300,115.54
Total consolidated income
attributable to owners of
parent company
106,914,277.39 -59,867,837.11 -2,256,104.27 114,300,115.54
Total consolidated income
attributable to minority
shareholders
33,205,299.33 0.00 10,480,009.22
4.3 Profit statement from year-begin to the end of report period
Prepared by Shenzhen Nanshan Power Co., Ltd. Jan.-Sep. 2009 Unit: RMB
Amount i Items Consolidation n thiPsa preenrito Cd ompany ConsolAidmatoiounn t in lasPta preenrito Cd o mpany
I. Total operating income 1,487,870,813.13 295,503,716.54 2,821,899,705.57 900,043,592.24
Including: Operating income 1,487,870,813.13 295,503,716.54 2,821,899,705.57 900,043,592.24
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 1,649,382,307.95 360,846,564.78 4,271,843,779.77 1,612,963,919.83
Including: Operating cost 1,469,557,913.14 324,684,701.26 4,049,316,511.50 1,546,201,365.30
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 5,252,656.96 3,289,987.19 4,986,849.80 1,802,813.55
Sales expenses 730,383.57 1,748,263.63
Administration
expenses 80,189,893.53 12,260,219.76 96,970,712.92 32,154,637.92
Financial expenses 93,651,460.75 20,611,656.57 118,821,441.92 32,805,103.06
Losses of devaluation of
asset
Add: Changing income
of fair value(Loss is listed
with “-”)
Investment income
(Loss is listed with “-”) 266,089.80 266,089.80 67,557,104.24
Including: InvestmentShenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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income on affiliated
company and joint venture
Exchange income (Loss
is listed with “-”)
III. Operating profit (Loss
is listed with “-”) -161,245,405.02 -65,076,758.44 -1,449,944,074.20 -645,363,223.35
Add: Non-operating
income 376,721,101.50 -79,769.00 1,537,001,541.86 849,598,908.53
Less: Non-operating
expense 43,198.57 4,319,920.66 198,650.00
Including: Disposal loss
of non-current asset
IV. Total Profit (Loss is
listed with “-”) 215,432,497.91 -65,156,527.44 82,737,547.00 204,037,035.18
Less: Income tax
expense 341,181.77 26,935,693.55 24,566,387.57
V. Net profit (Net loss is
listed with “-”) 215,091,316.14 -65,156,527.44 55,801,853.45 179,470,647.61
Net profit attributable to
owner’s of parent company 167,875,933.60 28,007,186.87
Minority shareholders’
gains and losses 47,215,382.54 27,794,666.58
VI. Earnings per share
i. Basic earnings per share 0.279 0.046 0.298
ii. Diluted earnings per share 0.279 0.046 0.298
VII. Other consolidated
income
VIII. Total consolidated
income 215,091,316.14 -65,156,527.44 55,801,853.45 179,470,647.61
Total consolidated income
attributable to owners of
parent company
167,875,933.60 -65,156,527.44 28,007,186.87 179,470,647.61
Total consolidated income
attributable to minority
shareholders
47,215,382.54 27,794,666.58
4.4 Cash flow statement from year-begin to the end of report period
Prepared by Shenzhen Nanshan Power Co., Ltd. Jan.-Sep. 2009 Unit: RMB
Amount i Items Consolidation n thiPsa preenrito Cd ompany ConsolAidmatoiounn t in lasPta preenrito Cd o mpany
I. Cash flows arising from
operating activities:
Cash received from selling
commodities and providing labor
services
1,839,361,452.69 320,901,078.18 3,489,396,629.45 1,678,378,785.00
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 feeShenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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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 received 12,491,186.88 6,209,922.13 1,533,323.84
Other cash received
concerning operating activities 27,521,556.44 1,326,176,801.70 1,092,668,632.01 2,351,797,657.06
Subtotal of cash inflow
arising from operating activities 1,879,374,196.01 1,647,077,879.88 4,588,275,183.59 4,031,709,765.90
Cash paid for purchasing
commodities and receiving labor
service
1,397,844,952.95 546,735,923.11 4,352,068,126.69 1,717,604,748.53
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 and
workers 74,451,832.15 42,205,268.75 88,407,027.69 58,933,881.29
Taxes paid 120,665,909.05 55,763,429.87 76,825,953.33 7,508,569.51
Other cash paid concerning
operating activities 49,538,693.54 933,044,828.26 192,850,675.02 2,502,689,260.34
Subtotal of cash outflow
arising from operating activities 1,642,501,387.69 1,577,749,449.99 4,710,151,782.73 4,286,736,459.67
Net cash flows arising from
operating activities 236,872,808.32 69,328,429.89 -121,876,599.14 -255,026,693.77
II. Cash flows arising from
investing activities:
Cash received from
recovering investment
Cash received from
investment income 266,089.80 266,089.80 43,760.14
Net cash received from
disposal of fixed, intangible and
other long-term assets
577,520.00 140,448,525.00 41,268,000.00
Net cash received from
disposal of subsidiaries and other
units
Other cash received
concerning investing activities 4,339,722.28Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
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Subtotal of cash inflow from
investing activities 843,609.80 266,089.80 144,832,007.42 41,268,000.00
Cash paid for purchasing
fixed, intangible and other
long-term assets
115,368,625.55 27,883,830.77 87,212,081.90 18,681,919.56
Cash paid for investment 121,228,572.00 121,228,572.00 123,002,844.13 104,197,143.00
Net increase of mortgaged
loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities 30,634.00
Subtotal of cash outflow from
investing activities 236,597,197.55 149,112,402.77 210,245,560.03 122,879,062.56
Net cash flows arising from
investing activities -235,753,587.75 -148,846,312.97 -65,413,552.61 -81,611,062.56
III. Cash flows arising from
financing activities
Cash received from absorbing
investment 42,040,692.10
Including: Cash received
from absorbing minority
shareholders’ investment by
subsidiaries
Cash received from loans 2,819,661,079.03 1,317,000,000.00 4,107,538,631.84 1,850,871,360.00
Cash received from issuing
bonds
Other cash received
concerning financing activities 2,215,290.00
Subtotal of cash inflow from
financing activities 2,819,661,079.03 1,317,000,000.00 4,151,794,613.94 1,850,871,360.00
Cash paid for settling debts 2,792,716,583.33 1,146,366,140.00 3,735,787,545.38 1,416,784,113.47
Cash paid for dividend and
profit distributing or interest
paying
115,424,663.13 72,130,593.21 165,549,218.37 71,000,565.87
Including: Dividend and
profit of minority shareholder paid
by subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from
financing activities 2,908,141,246.46 1,218,496,733.21 3,901,336,763.75 1,487,784,679.34
Net cash flows arising from
financing activities -88,480,167.43 98,503,266.79 250,457,850.19 363,086,680.66
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
-5,207.42 223.09 2,338,228.10 -83,278.77
V. Net increase of cash and cash
equivalents -87,366,154.28 18,985,606.80 65,505,926.54 26,365,645.56
Add: Balance of cash and
cash equivalents at the period
-begin
429,507,715.29 29,272,846.21 419,172,277.64 125,774,088.96
VI. Balance of cash and cash
equivalents at the period -end 342,141,561.01 48,258,453.01 484,678,204.18 152,139,734.52Shenzhen Nanshan Power Co., Ltd. The Third Quarterly Report for 2009 (Full Text)
12
4.5 Auditor’ report
Auditor’s opinions: Un-audited
Board of Directors of
Shenzhen Nanshan Power Co., Ltd.
October 20, 2009
