Shenzhen Nanshan Power Co., Ltd.
The First Quarterly Report 2013
2013-018
24April 2013
1
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.
Yang Haixian, person in charge of the Company, Fu Bo and Lu Xiaoping, person in charger of accounting works
and Huang Jian, person in charger 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.
2
Section II. Main financial data and changes of shareholders
I. Main financial data
Whether has retroactive adjustment or re-statement on financial data of previous’ period in this report or not
□Yes √ No
Changes of this period over
Jan. – March 2013 Jan. – March 2012
same period of last year (%)
Operating income (RMB) 210,612,299.28 432,815,711.38 -51.34%
Net profit attributable to shareholders of
-64,339,706.87 -68,401,188.04 -5.94%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting -72,588,998.16 -68,454,444.78 6.04%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
312,733,181.47 301,024,997.40 3.89%
activities(RMB)
Basic earnings per share (RMB/Share) -0.11 -0.11 0%
Diluted earnings per share (RMB/Share) - - -
加权平均净资产收益率（%） -4.24% -3.99% -0.25%
Changes of this period-end
2013-3-31 2012-12-31 over same period-end of last
year (%)
Total assets (RMB) 5,650,471,029.72 5,536,067,729.98 2.07%
Net assets attributable to shareholder of
1,484,579,720.93 1,548,919,427.80 -4.15%
listed company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
Unit: RMB
Amount from year-end to
Item Note
period-end
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
739,415.34 -
national standards, which are closely relevant to enterprise’s
business)
Other non-operating income and expenditure except for the
-10,000.00 -
aforementioned items
Import VAT refund of natural gas 10,739,822.79 -
3
Impact on minority shareholders’ equity (post-tax) 3,219,946.84 -
Total 8,249,291.29 --
Amount from year-begin to
Item Note
period-end
II. Total number of shareholders at the end of this report period and top ten shareholders
Unit: Share
Total number of shareholders
39,400
at the end of report period
Top ten shareholders
Amount of Number of share pledged/frozen
Shareholder’s Nature of Proportion of Amount of shares
restricted shares
name shareholder shares held (%) held State of share Amount
held
Shenzhen
Guangju State-owned legal
16.72% 100,769,712
Industrial Co., person
Ltd.
HONG KONG
NAM HOI Oversea legal
15.28% 92,123,248
(INTERNATION person
AL) LTD
SHENZHEN
ENERGY State-owned legal
10.8% 65,106,130
(GROUP) CO., person
LTD.
BNP P P/PANDA
INVESTMENT Oversea legal
8.2% 49,426,518
COMPANY person
LIMITED
STATE GRID
SHENZHEN
ENERGY State-owned legal
5.51% 33,233,560
DEVELOPMEN person
T (GROUP) CO.,
LTD.
Domestic nature
Wang Lan 0.27% 1,602,500
person
Jinbang Security Oversea legal
0.25% 1,500,000
Holding Co., Ltd person
Wu Shuhua Domestic nature 0.2% 1,235,398
4
person
Domestic nature
Tang Rongbao 0.19% 1,124,401
person
Naito Security Oversea legal
0.18% 1,114,996
Co., Ltd person
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Shenzhen Guangju Industrial Co.,
100,769,712
Ltd.
HONG KONG NAM HOI
92,123,248
(INTERNATIONAL) LTD
SHENZHEN ENERGY (GROUP)
65,106,130
CO., LTD.
BNP P P/PANDA INVESTMENT
49,426,518
COMPANY LIMITED
STATE GRID SHENZHEN
ENERGY DEVELOPMENT 33,233,560
(GROUP) CO., LTD.
Wang Lan 1,602,500
Jinbang Security Holding Co., Ltd 1,500,000
Wu Shuhua 1,235,398
Tang Rongbao 1,124,401
Naito Security Co., Ltd 1,114,996
1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED was held by
Explanation on associated
SHENZHEN ENERGY (GROUP) CO., LTD 2. Among other social public shareholders, the
relationship among the aforesaid
Company did not know whether there were associated relationships or belonging to consistent
shareholders
actors.
5
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
Balance at period-en Balance at period-begin
Item Changes Reasons
d（RMB） （RMB）
Monetary Cash inflow from operation
fund 768,840,277.64 526,852,121.41 45.93% activity increased in this year
The account paid in advance
Account paid for natural gas increased in this
in advance 17,221,372.58 12,132,738.08 41.94% year
The account payable for
Account natural gas increased in this
payable 270,397,352.09 70,970,449.91 281.00% year
Operation Electricity sales decreased in
income 210,612,299.28 432,815,711.38 -51.34% this year
Operation Electricity sales decreased in
cost 352,724,963.07 669,915,764.47 -47.35% this year
Fuel subsidy decreased due to
Non-operation the decline of electricity sales
income 153,103,579.33 233,985,916.13 -34.57% in this year
Income tax Income tax expenses decreased
expenses - 44,939.46 -100.00% in this year
II. Analysis and explanation of significant events and their influence and solutions
For year of 2012, Deloitte Touche Tohmatsu CPA issued qualified audit opinions with explanatory notes. In reporting period,
concerning the progress of event with modified opinions involved, please found the Annual Report of 2012 (Notice No.: 2013-010)
disclosed dated 23 April 2013 for more details.
III. Forecast of operation performance from Jan. – June of 2013
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 √Not applicable
6
IV. Derivative Investment
Derivative investment held at period-end
□Applicable √Not applicable
Explanation
Not applicable
V. 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.
7
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Nanshan Power Co., Ltd
Unit: RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 768,840,277.64 526,852,121.41
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable
Accounts receivable 829,168,513.04 924,997,868.15
Accounts paid in advance 17,221,372.58 12,132,738.08
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 18,738,938.42 16,297,883.22
Purchase restituted finance asset
Inventories 1,222,091,171.53 1,220,486,524.51
Non-current asset due within one
year
Other current assets 590,677,082.04 606,661,855.88
Total current assets 3,446,737,355.25 3,307,428,991.25
Non-current assets:
Granted loans and advances
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 57,315,000.00 49,315,000.00
8
Investment real estate 4,318,688.17 4,429,359.55
Fixed assets 2,008,333,886.68 2,040,100,204.81
Construction in progress 47,371,596.31 47,177,164.98
Engineering material
Disposal of fixed asset -350,000.00
Productive biological asset
Oil and gas asset
Intangible assets 61,619,374.01 62,471,514.35
Expense on Research and
Development
Goodwill
Long-term expenses to be
33,325.64 45,822.68
apportioned
Deferred income tax asset 2,782,546.88 2,782,546.88
Other non-current asset 22,309,256.78 22,317,125.48
Total non-current asset 2,203,733,674.47 2,228,638,738.73
Total assets 5,650,471,029.72 5,536,067,729.98
Current liabilities:
Short-term loans 3,240,361,552.86 3,210,361,552.86
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Notes payable 28,190,000.00 29,670,000.00
Accounts payable 270,397,352.09 70,970,449.91
Accounts received in advance 14,816,000.00 14,586,000.00
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 30,797,858.72 35,431,332.25
Taxes payable 2,177,420.93 2,961,440.37
Interest payable 89,303,126.69 86,232,475.82
Dividend payable
Other accounts payable 264,344,216.25 303,027,729.31
Reinsurance payables
Insurance contract reserve
Security trading of agency
9
Security sales of agency
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 3,940,387,527.54 3,753,240,980.52
Non-current liabilities:
Long-term loans 16,000,000.00 16,000,000.00
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities
Deferred income tax liabilities
Other non-current liabilities 43,276,050.30 44,015,465.64
Total non-current liabilities 59,276,050.30 60,015,465.64
Total liabilities 3,999,663,577.84 3,813,256,446.16
Owner’s equity (or shareholders’
equity):
Paid-in capital (or share capital) 602,762,596.00 602,762,596.00
Capital public reserve 363,633,446.84 363,633,446.84
Less: Inventory shares
Reasonable reserve
Surplus public reserve 332,908,397.60 332,908,397.60
Provision of general risk
Retained profit 185,275,280.49 249,614,987.36
Balance difference of foreign
currency translation
Total owner’s equity attributable to
1,484,579,720.93 1,548,919,427.80
parent company
Minority interests 166,227,730.95 173,891,856.02
Total owners’ equity (or shareholders’
1,650,807,451.88 1,722,811,283.82
equity)
Total liability and owners’ equity (or
5,650,471,029.72 5,536,067,729.98
shareholders’ equity)
Legal Representative: Yang Haixian
Person in charge of accounting works: Fu Bo, Lu Xiaoping
Person in charge of accounting institute: Huang Jian
2. Balance sheet of parent company
Prepared by Shenzhen Nanshan Power Co., Ltd
Unit: RMB
10
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 472,624,916.67 204,114,395.05
Transaction finance asset
Notes receivable
Accounts receivable 530,672,476.64 589,569,090.03
Accounts paid in advance 331,198.21 394,954.21
Interest receivable
Dividend receivable 654,140,866.58 654,140,866.58
Other receivables 1,502,603,986.81 1,391,822,925.79
Inventories 88,928,333.46 88,668,143.49
Non-current asset due within one
year
Other current assets 419,249,357.86 435,035,629.99
Total current assets 3,668,551,136.23 3,363,746,005.14
Non-current assets:
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 749,297,849.76 741,297,849.76
Investment real estate
Fixed assets 276,750,170.67 279,009,436.68
Construction in progress 36,041,186.23 35,828,374.94
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 9,058,068.02 9,419,549.87
Expense on Research and
Development
Goodwill
Long-term expenses to be
33,325.64 45,822.68
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 1,071,180,600.32 1,065,601,033.93
11
Total assets 4,739,731,736.55 4,429,347,039.07
Current liabilities:
Short-term loans 2,029,000,000.00 1,929,000,000.00
Transaction financial liabilities
Notes payable
Accounts payable 168,060,189.57 9,875,959.85
Accounts received in advance 14,586,000.00 14,586,000.00
Wage payable 15,370,325.54 17,344,092.23
Taxes payable 1,974,087.45 1,073,552.54
Interest payable 4,025,499.35 4,066,892.25
Dividend payable
Other accounts payable 884,146,377.48 801,846,707.84
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 3,117,162,479.39 2,777,793,204.71
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities
Deferred income tax liabilities
Other non-current liabilities 35,616,899.22 36,270,689.55
Total non-current liabilities 35,616,899.22 36,270,689.55
Total liabilities 3,152,779,378.61 2,814,063,894.26
Owner’s equity (or shareholders’
equity):
Paid-in capital (or share capital) 602,762,596.00 602,762,596.00
Capital public reserve 288,769,132.47 288,769,132.47
Less: Inventory shares
Reasonable reserve
Surplus public reserve 332,908,397.60 332,908,397.60
Provision of general risk
Retained profit 362,512,231.87 390,843,018.74
Balance difference of foreign
currency translation
12
Total owners’ equity (or shareholders’
1,586,952,357.94 1,615,283,144.81
equity)
Total liability and owners’ equity (or
4,739,731,736.55 4,429,347,039.07
shareholders’ equity)
Legal Representative: Yang Haixian
Person in charge of accounting works: Fu Bo, Lu Xiaoping
Person in charge of accounting institute: Huang Jian
3.Profit statement
Prepared by Shenzhen Nanshan Power Co., Ltd
Unit: RMB
Items Amount in this period Amount in last period
I. Total operating income 210,612,299.28 432,815,711.38
Including: Operating income 210,612,299.28 432,815,711.38
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 435,709,710.55 748,813,540.33
Including: Operating cost 352,724,963.07 669,915,764.47
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 1,457,696.68 1,726,019.81
Sales expenses 342,498.68 287,581.15
Administration expenses 24,428,912.05 24,989,853.86
Financial expenses 56,755,640.07 51,894,321.04
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
with “-”)
13
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
III. Operating profit (Loss is listed
-225,097,411.27 -315,997,828.95
with “-”)
Add: Non-operating income 153,103,579.33 233,985,916.13
Less: Non-operating expense 10,000.00 23,607.37
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with
-72,003,831.94 -82,035,520.19
“-”)
Less: Income tax 44,939.46
V. Net profit (Net loss is listed with “-”) -72,003,831.94 -82,080,459.65
Including: Net profit realized by
combined party before combination
Net profit attributable to owner’s
-64,339,706.87 -68,401,188.04
equity of parent company
Minority shareholders’ gains and
-7,664,125.07 -13,679,271.61
losses
VI. Earnings per share -- --
i. Basic earnings per share -0.11 -0.11
ii. Diluted earnings per share 0 0
VII. Other consolidated income
VIII. Total consolidated income -72,003,831.94 -82,080,459.65
Total consolidated income attributable
-64,339,706.87 -68,401,188.04
to owners of parent company
Total consolidated income attributable
-7,664,125.07 -13,679,271.61
to minority shareholders
Legal Representative: Yang Haixian
Person in charge of accounting works: Fu Bo, Lu Xiaoping
Person in charge of accounting institute: Huang Jian
4. Profit statement of parent company
Prepared by Shenzhen Nanshan Power Co., Ltd
Unit: RMB
Items Amount in this period Amount in last period
I. Operating income 53,046,808.29 190,594,298.26
Less: operating cost 127,175,498.19 278,081,758.04
14
Operating tax and extras 1,210,027.57 1,396,470.09
Sales expenses
Administration expenses 6,557,177.19 10,554,361.74
Financial expenses 16,901,582.54 14,309,295.76
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
with “-”)
Including: Investment income on
affiliated company and joint venture
II. Operating profit (Loss is listed
-98,797,477.20 -113,747,587.37
with “-”)
Add: Non-operating income 70,466,690.33 134,156,400.00
Less: Non-operating expense 2,785.84
Including: Disposal loss of
non-current asset
III. Total Profit (Loss is listed with
-28,330,786.87 20,406,026.79
“-”)
Less: Income tax
IV. Net profit (Net loss is listed with
-28,330,786.87 20,406,026.79
“-”)
V. Earnings per share -- --
i. Basic earnings per share 0 0
ii. Diluted earnings per share 0 0
VI. Other consolidated income
VII. Total consolidated income -28,330,786.87 20,406,026.79
Legal Representative: Yang Haixian
Person in charge of accounting works: Fu Bo, Lu Xiaoping
Person in charge of accounting institute: Huang Jian
5. Consolidate cash flow statement
Prepared by Shenzhen Nanshan Power Co., Ltd
Unit: RMB
Items Amount in this period Amount in last period
I. Cash flows arising from operating
activities:
Cash received from selling
301,469,187.58 648,812,849.64
commodities and providing labor
15
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 received
Other cash received concerning
193,714,673.26 171,144,186.43
operating activities
Subtotal of cash inflow arising
495,183,860.84 819,957,036.07
from operating activities
Cash paid for purchasing
commodities and receiving labor 126,882,917.77 459,716,776.66
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 and workers 31,867,846.95 30,200,830.03
Taxes paid 5,447,739.55 8,629,147.25
Other cash paid concerning
18,252,175.10 20,385,284.73
operating activities
16
Subtotal of cash outflow arising
182,450,679.37 518,932,038.67
from operating activities
Net cash flows arising from
312,733,181.47 301,024,997.40
operating activities
II. Cash flows arising from investing
activities:
Cash received from recovering
106,342,100.00
investment
Cash received from investment
income
Net cash received from disposal of
fixed, intangible and other long-term 320,000.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from
320,000.00 106,342,100.00
investing activities
Cash paid for purchasing fixed,
1,971,826.96 22,945,634.47
intangible and other long-term assets
Cash paid for investment 8,000,000.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from
9,971,826.96 22,945,634.47
investing activities
Net cash flows arising from
-9,651,826.96 83,396,465.53
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 loans 590,000,000.00 770,000,000.00
Cash received from issuing bonds
Other cash received concerning
financing activities
17
Subtotal of cash inflow from
590,000,000.00 770,000,000.00
financing activities
Cash paid for settling debts 560,000,000.00 1,101,824,953.89
Cash paid for dividend and profit
91,056,370.38 65,914,040.04
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
651,056,370.38 1,167,738,993.93
financing activities
Net cash flows arising from
-61,056,370.38 -397,738,993.93
financing activities
IV. Influence on cash and cash
equivalents due to fluctuation in -36,827.90 -67,665.61
exchange rate
V. Net increase of cash and cash
241,988,156.23 -13,385,196.61
equivalents
Add: Balance of cash and cash
526,852,121.41 629,318,992.12
equivalents at the period -begin
VI. Balance of cash and cash
768,840,277.64 615,933,795.51
equivalents at the period -end
Legal Representative: Yang Haixian
Person in charge of accounting works: Fu Bo, Lu Xiaoping
Person in charge of accounting institute: Huang Jian
6. Cash flow statement of parent company
Prepared by Shenzhen Nanshan Power Co., Ltd
Unit: RMB
Items Amount in this period Amount in last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 62,423,039.45 323,709,231.00
services
Write-back of tax received
Other cash received concerning
273,080,935.35 477,764,857.40
operating activities
Subtotal of cash inflow arising
335,503,974.80 801,474,088.40
from operating activities
Cash paid for purchasing 8,369,180.64 115,066,044.66
18
commodities and receiving labor
service
Cash paid to/for staff and workers 17,159,241.30 17,438,062.54
Taxes paid 2,754,346.68 3,839,356.92
Other cash paid concerning
96,272,600.32 352,463,357.46
operating activities
Subtotal of cash outflow arising
124,555,368.94 488,806,821.58
from operating activities
Net cash flows arising from
210,948,605.86 312,667,266.82
operating activities
II. Cash flows arising from investing
activities:
Cash received from recovering
106,342,100.00
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 from
106,342,100.00
investing activities
Cash paid for purchasing fixed,
223,830.17 15,195,678.77
intangible and other long-term assets
Cash paid for investment 8,000,000.00
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from
8,223,830.17 15,195,678.77
investing activities
Net cash flows arising from
-8,223,830.17 91,146,421.23
investing activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 520,000,000.00 435,000,000.00
Cash received from issuing bonds
19
Other cash received concerning
financing activities
Subtotal of cash inflow from
520,000,000.00 435,000,000.00
financing activities
Cash paid for settling debts 420,000,000.00 741,824,953.89
Cash paid for dividend and profit
34,213,923.28 36,139,740.61
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from
454,213,923.28 777,964,694.50
financing activities
Net cash flows arising from
65,786,076.72 -342,964,694.50
financing activities
IV. Influence on cash and cash
equivalents due to fluctuation in -330.79 203.79
exchange rate
V. Net increase of cash and cash
268,510,521.62 60,849,197.34
equivalents
Add: Balance of cash and cash
204,114,395.05 303,150,447.89
equivalents at the period -begin
VI. Balance of cash and cash
472,624,916.67 363,999,645.23
equivalents at the period -end
Legal Representative: Yang Haixian
Person in charge of accounting works: Fu Bo, Lu Xiaoping
Person in charge of accounting institute: Huang Jian
II. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
20
