深圳南山热电股份有限公司 2016 年第一季度报告全文
深圳南山热电股份有限公司
Shenzhen Nanshan Power Co., Ltd.
The First Quarterly Report 2016
2016-027
April 2016
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深圳南山热电股份有限公司 2016 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.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Yang Haixian, person in charge of the Company, Director GM Wu Dongxiang,
person in charge of accounting works and CFO Huang Jian as well as Leng
Jiwei (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.
Trading of the shares of the Company have implemented delisting risk warning
on 5 April 2016, according to relevant provisions of the Rules of Shares for
Listing on Shenzhen Stock Exchange, shares of the Company will suspended if
the Company make another loss in 2016. The Company reminds investors to pay
attention to risk, make rational investment decisions thoughtfully.
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 2016 年第一季度报告全文
Paraphrase
Items Refers to Contents
Company, the Company, Shen
Refers to Shenzhen Nanshan Power Co., Ltd.
Nan Dian
Shen Nan Dian Zhongshan
Refers to Shen Nan Dian (Zhongshan) Electric Power Co., Ltd.
Company
Shen Nan Dian Dongguan
Refers to Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd
Company
Shen Nan Dian Engineering
Refers to Shenzhen Shennandian Turbine Engineering Technology Co., Ltd.
Company
Shen Nan Dian Envionment
Refers to Shenzhen Shen Nan Dian Envionment Protection Co., Ltd.
Protection Company
Server Company Refers to Shenzhen Server Petrochemical Supplying Co., Ltd
New Power Company Refers to Shenzhen New Power Industrial Co., Ltd.
Shenzhong Properties Company Refers to Zhongshan Shenzhong Real Estate Investment Properties Co., Ltd
Shenzhong Real Estate
Refers to Zhongshan Shenzhong Real Estate Development Co., Ltd
Development Company
Sinopec China Shipping Refers to China Shipping & Sinopec Suppliers Co., Ltd.
CSRC Refers to China Securities Regulatory Commission
Shenzhen Securities Regulatory Commission of China Securities Regulation
Securities regulatory bureau Refers to
Commission
SZ Stock Exchange,
Refers to Shenzhen Stock Exchange
Exchange
Company Law Refers to Company Law of The People’s Republic of China
Securities Law Refers to Securities Law of The People’s Republic of China
Rules of Listing Refers to Rules of Shenzhen Stock Exchange for the Listing of Stocks
Yuan/RMB, ten thousand Yuan, Except the special description of the monetary unit, the unit for monetary refers to
Refers to
hundred million Yuan RMB/CNY, RMB ten thousand and RMB hundred million
Reporting period Refers to 1 Jan. 2016 to 31 Mar. 2016
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深圳南山热电股份有限公司 2016 年第一季度报告全文
Section II. Main financial data and changes of shareholders
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□ Yes √No
Changes of this period over
Current Period Same period of last year
same period of last year
Operating income (RMB) 244,369,581.94 258,686,630.32 -5.53%
Net profit attributable to shareholders of
-46,283,508.47 -88,448,771.06 -47.67%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting -48,339,504.61 -89,502,281.74 -45.99%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-53,539,090.49 -80,257,201.83 -33.29%
activities(RMB)
Basic earnings per share (RMB/Share) -0.08 -0.15 -46.67%
Diluted earnings per share (RMB/Share) -0.08 -0.15 -46.67%
Weighted average ROE -7.89% -7.30% 8.08%
At the end of the reporting Changes of this period-end over
At the end of last year
period same period-end of last year
Total assets (RMB) 4,708,633,482.66 4,579,853,736.04 2.81%
Net assets attributable to shareholder of
589,735,558.99 636,006,699.57 -7.28%
listed company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Item Note
period-end
Gains/losses from the disposal of non-current asset (including the
-7,531.70
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
2,085,790.05
national standards, which are closely relevant to enterprise’s
business)
Other non-operating income and expenditure except for the
-13,179.49
aforementioned items
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深圳南山热电股份有限公司 2016 年第一季度报告全文
Impact on minority shareholders’ equity (post-tax) 9,082.72
Total 2,055,996.14 --
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. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
Total preferred
stockholders with voting
Total common shareholders at the end of
42,819 rights recover at the end of 0
report period
report period (if
applicable)
Top ten share-holding
Amount of
Nature of Proportion of Amount of Number of share pledged/frozen
Shareholder’s name restricted
shareholder shares held shares held State of share Amount
shares held
HONG KONG NAM HOI
Overseas legal
(INTERNATIONAL) 15.28% 92,123,248
person
LIMITED
Shenzhen Guangju Industrial State-owned
12.02% 72,451,123
Co., Ltd. legal person
SHENZHEN ENERGY State-owned
10.80% 65,106,130
(GROUP) CO., LTD. legal person
National Social Security Fund
Other 1.52% 9,179,257
-604
Domestic
Zeng Yin 0.84% 5,048,370
nature person
Domestic
Yang Huijuan 0.68% 4,077,556
nature person
YAO XIU GUANG Overseas 0.65% 3,939,000
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深圳南山热电股份有限公司 2016 年第一季度报告全文
nature person
GUOTAI JUNAN
Overseas legal
SECURITIES(HONGKONG) 0.64% 3,885,128
person
LIMITED
Domestic
Kang Qianlong 0.59% 3,528,000
nature person
National Social Security Fund
Other 0.49% 2,936,912
-408
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) LIMITED
shares
RMB common
Shenzhen Guangju Industrial Co., Ltd. 72,451,123 72,451,123
shares
RMB common
SHENZHEN ENERGY (GROUP) CO., LTD. 65,106,130 65,106,130
shares
RMB common
National Social Security Fund -604 9,179,257 9,179,257
shares
Domestically
Zeng Yin 5,048,370 listed foreign 5,048,370
shares
RMB common
Yang Huijuan 4,077,556 4,077,556
shares
Domestically
YAO XIU GUANG 3,939,000 listed foreign 3,939,000
shares
Domestically
GUOTAI JUNAN
3,885,128 listed foreign 3,885,128
SECURITIES(HONGKONG) LIMITED
shares
RMB common
Kang Qianlong 3,528,000 3,528,000
shares
RMB common
National Social Security Fund -408 2,936,912 2,936,912
shares
1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED was
Explanation on associated relationship among held by SHENZHEN ENERGY (GROUP) CO., LTD
the aforesaid shareholders 2. Among other social public shareholders, the Company did not know whether there
were associated relationships or belonging to consistent actors.
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深圳南山热电股份有限公司 2016 年第一季度报告全文
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 2016 年第一季度报告全文
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
√Applicable □Not applicable
1. Note receivables as at period-end was RMB 0, a decrease of 100% from beginning of the Period, mainly because the RMB 1.2
million note receivables of Shen Nan Dian Engineering Company received in the Period.
2. Account receivables as at period-end was RMB 532,030,346.61, an increase of 31.24% from beginning of the Period, mainly
because the income from power selling increased.
3. Account paid in advance as at period-end was RMB 17,761,708.03, an increase of 6,877.49% from beginning of the Period,
mainly because account paid in advance for goods increased.
4. Other account receivable as at period-end was RMB 45,515,839.73, an increase of 48.33% from beginning of the Period, mainly
because accounts current increased.
5. Account payable as at period-end was RMB 94,982,086.97, an increase of 149.86% from beginning of the Period, mainly because
account payable for natural gas increased.
6. Tax payable as at period-end was RMB 9,307,135.08, a decrease of 30.77% from beginning of the Period, mainly due to the
decrease of tax-paying
7. Long-term loans amounting to RMB 945,000,000.00 at period-end, a increase of 35.78% from last year, mainly due to the increase
of loans.
8. Business tax and surcharge amounting to RMB 2,294,763.29, a increase of 31.93% from last year, mainly due to the increase of
turnover tax.
9. Non-operating income amounting to RMB 2,093,790.05, a decrease of 94.35% from last year, mainly due to the decrease of
process cost for fuel in the Period.
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicable
1. In order to satisfy the demands of production, operation and development for capital, broaden financing channels, and optimize
capital structure, the company plans to apply the National Association of Financial Market Institutional Investors for the registration
and issuance of mid-term bills not exceeding RMB500.00 million(inclusive) (For details, refer to the Announcement on Issuing
Mid-term Bills(2015-062) published by the Company on China Securities News, Securities Times, Hong Kong Commercial Daily and
Juchao website on Aug. 25, 2015). On Jan. 4, 2016, the National Association of Financial Market Institutional Investors issued
Registration Acceptance Notification (ZHSHXZHNo. [2016]MTN2, the valid period is three months). At present, the company has
the acceptance registration notice issued by Nafmii. The company is negotiating with the underwriter bank on the relevant matters
during the Period.
2. In order to broaden financing channels, supplement working capital and promote business development, the Company plans to
issue non-public offering of corporate bonds not exceeding RMB2.00 billion (inclusive) (For details, refer to the Announcement on
Issuing Non-Public Offering of Corporate Bonds (2015-063) published by the Company on China Securities News, Securities Times,
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深圳南山热电股份有限公司 2016 年第一季度报告全文
Hong Kong Commercial Daily and Juchao website on Aug. 25, 2015). The Company are conducting consultations on the way of
issuance with underwriter during the Period.
3. The company participated into the projects initiated by Guangdong Province to support Xinjiang Uygur Autonomous Region. On
the basis of completing the preparation of early feasibility study, regional heat supply plan and other documents, the company has
obtained the replay of Xinjiang Autonomous Region Development and Reform Commission to approve the company to carry out
preparatory work of the project. Besides, the Company singed tripartite investment agreement with the people’s government of Shufu
County, Kashi and the Support- Xinjiang Headquarters of Guangdong Province. (For details, refer to the 2013 Semiannual Report
(2013-026) published by the Company on China Securities News, Securities Times, Hong Kong Commercial Daily and Juchao
Website on Aug. 13, 2013). The project is currently suspended since the price of natural gas and electricity is difficult to implement.
4. On Jan. 14, 2016, controlling subsidiary Shen Nan Dian Dongguan Company received the Replay on the Approval of Guangdong
Development & Reform Committee on the Gas-Stream Combined Cycle Power Generation Project of Gaobu Natural Power
Plant(YFGNDHNo.[2016]140)(hereinafter “Project Approval Replay”), stating “comprehensively considering the safe operation of
the electricity power system of Guangdong Province and through research, Guangdong Development and Reform Commission
approved the 2×180MW gas-steam combed cycle power generation project of Gaobu Natural Gas Power Plant of Shen Nan Dian
Dongguan Company.” .( For further information, refer to the Announcement on the Shareholding Subsidiary, Shen Nan Dian
(Dongguan) Weimei Electric Power Co., Ltd Granted with the Replay on the Approval of Guangdong Development & Reform
Commission on the Gas-Stream Combined Cycle Power Generation Project of Gaobu Natural Power Plant of the
Company(2016-001) on China Securities News, Securities Times, Hong Kong Commercial Daily and Juchao website on Jan. 16,
2016). During the Period, Shen Nan Dian Dongguan Company has completed related procedures of power generation, signed
supporting documents, obtained the Power Business License granted by the South China Bureau of the National Energy Board and
resumed normal electricity production.
5. In order to improve relevant procedures, achieve industrial upgrading, and create conditions for power generation and realize
sustainable operation, on Jan. 22, 2016, the eighth temporary meeting of the seventh board of directors of the Company deliberated
and approved the Resolutions on the Phase 1 Heat Distribution Network Engineering of Combined Heat and Power Project of Shen
Nan Dian Zhongshan Company, A Shareholding Subsidiary of the Company(for details, refer to the Announcement on Phase 1 Heat
Distribution Network Engineering of Combined Heat and Power Project of Shen Nan Dian Zhongshan Company, A Shareholding
Subsidiary of the Company (2016-004) published by the Company on China Securities News, Securities Times, Hong Kong
Commercial Daily and Juchao website on Jan. 23, 2016). The project is being implemented during the Period.
6. On Apr. 10, 2015 and Apr. 27, 2015, the third meeting of the seventh session of the board of directors and the second
extraordinary shareholders’ meeting in the year of 2015 respectively deliberated and approved the Resolution on Accelerating the
Development of 53.82Mu Lands of Zhongshan Shenzhong Real Estate Real Estate Investment Properties Co., Ltd and Investment and
Development Plan from Jan. 2015 to Aug. 2016, which approved Zhongshan Shenzhong Real Estate Real Estate Investment
Properties Co., Ltd , a shareholding subsidiary of the Company, to formally initiate the development and construction of 53.82 Mu
lands( for details, refer to the related announcement(2015-017 and 2015-040) published by the Company on China Securities News,
Securities Times, Hong Kong Commercial Daily and Juchao website on Apr. 11 and Apr. 28). In order to ensure the smooth progress
of project development, Zhongshan Shenzhong Real Estate Real Estate Investment Properties Co., Ltd carried out bidding of
construction units and raised construction funds. Through open bid, Zhongshan Shenzhong Real Estate Real Estate Investment
Properties Co., Ltd signed construction contact the successful bidder, Zhongheng Construction Group Co., Ltd on Jul. 2, 2015. On
Dec. 9, 2015 and Dec. 28, 2015, the sixth extraordinary meeting of the seventh board of directors and the fifth extraordinary
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深圳南山热电股份有限公司 2016 年第一季度报告全文
shareholders’ meeting deliberately and approved the Resolution on the Financing and Guarantee of Shuimu Nianhua Garden of the
Shareholding Subsidiary, Zhongshan Shenzhong Real Estate Real Estate Investment Properties Co., Ltd. (For further information,
refer to the Report on the Development Progress of 53.82 Mu Lands of Zhongshan Shenzhong Real Estate Real Estate Investment
Properties Co., Ltd and other announcements(2015-051 Announcement, 2015-080 Accouchement and 2015-086 Accouchement)
published by the Company on China Securities News, Securities Times, Hong Kong Commercial Daily and Juchao website on Jan.
16, 2016). The development and construction of such 53.82Mu land is under progress during the Period.
7. On Dec. 9, 2015 and Dec. 28, 2015, the sixth temporary meeting of the seventh session of the board of directors and the fifth
extraordinary shareholders’ meeting respectively deliberated and approved the Resolution on the Government Purchase and
Reservation of 346 Mu Lands of Zhongshan Shenzhong Real Estate Development Co., Ltd. (For detailed information, refer to the
related 2015-080 and 2015-086 Announcements published by the Company on China Securities News, Securities Times, Hong Kong
Commercial Daily and Juchao website on Dec. 10, 2015 and Dec. 29, 2015). During the Period, Zhongshan Shenzhong Development
Company has not been reach consensus with Zhongshan Government in aspect of the purchasing and storage condition for 346 Mu
lands.
8. In order to satisfy the demands of normal operation of New Power Company, a wholly owned subsidiary and Shen Nan Dian
Zhongshan Company, a shareholding subsidiary of the Company, on Jun. 8, 2015 and Jun. 25, 2015, the fourth extraordinary meeting
of the seventh session of the board of director and the third extraordinary shareholders’ meeting in 2015 deliberated and approved
respectively the Resolution on the Financing Leasing of the Wholly Owned and Shareholding Subsidiaries of the Company, which
approved the Company to furnish guarantee with joint and several liabilities for the sale & lease back financing leasing at
RMB190.00 million and RMB61.00 million for New Power Company and Shen Nan Dian Zhongshan Company respectively.( For
further information, refer to the Announcement on Furnishing Guarantee for Wholly Owned and Shareholding Subsidiaries of the
Company(2015-047 and 2015-050) published by the Company on China Securities News, Securities Times, Hong Kong Commercial
Daily and Juchao website on Jun. 6, 2015 and Jun.26, 2015). During the Period, the finance leasing company is stepping up the
implementation of funding sources.
9. The 2×460MW(9F) natural gas combined heat and power generation expansion construction project of the shareholding subsidiary
of the Company, Shen Nan Dian Zhongshan Company, has been listed in the Development Plan of Centralized Heat Supply of
Industry Park and Industrial Agglomeration Region of Zhongshan City(2013-2020) in 2014 and the Application for Carrying Out of
Prophase Work to Newly Construct 2×460MW(9F) Natural Gas Combined Heat and Power Generation Project has been submitted
to Guangdong Province Development and Reform Commission. There has no further progress of the project so far.
10. During the Period, controlling subsidiary Server Company carried out collection works on the overdue account for oil under the
name of Sinopec China Shipping, while no oil account have been paid by Sinopec China Shipping. Therefore, Server Company
began proceedings against Sinopec China Shipping and submit filing materials and Civil Complaint to People's Court of Huangpu
District, Guangzhou City on 24 April 2016, the court decided to placed on file and trial (found more in Notice of Lawsuit of the
Subordinate Company Shenzhen Server Petrochemical Supplying Co., Ltd. Notice No.: 2016-007 released on China Securities
Journal, Securities Times, Hong Kong Commercial Daily and Juchao Website dated 1 March 2016). As of the disclosure date,
relevant bank accounts have deactivated under the name of Sinopec China Shipping by People's Court of Huangpu District and will
open a court session at end of April.
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深圳南山热电股份有限公司 2016 年第一季度报告全文
11.From 2003 to 2007, pursuit to the decision and relevant documents on "technological upgrading benefit funds" of the Company
from Shenzhen regulatory authority of CSRC and CPC Shenzhen Commission for Discipline Inspection, the Company actively take
various measures to repaying the bonus of "technological upgrading benefit funds" which break the rules, and disclosed in the Annual
Report of 2005 dated 10 April 2006 (found more in Annual Report of 2005, Notice No.: 2006-21). Total of RMB 8,479,700
refundable dividend still not collected so far upon investigation, and the involved people are Chen Zhizhong, Zhao Rubing, Li
Yongjian, Lu Jingcheng, Lai Weicheng, Sui Ke, Zhao Lijin and Zhao Hubin. The Company will examine relevant condition of the
"technological upgrading benefit funds" according to requirement of related departments and documents, and implemented duty of
information disclosure with file requirement implemented.
Query index for temporary report on
Overview Disclosure date
website
Found more in Notice of controlling
On 28 January 2016, controlling subsidiary Shen Nan
subsidiary Shen Nan Dian Dongguan
Dian Dongguan Company received a Reply on Authorized
Company received a Reply on Authorized
Temporary Grid Purchase Price of the Gaobu Power
Temporary Grid Purchase Price of the
Plant of Shen Nan Dian (Dongguan) Weimei Power Co.,
Gaobu Power Plant of Shen Nan Dian
Ltd. (YFGJGH[2016]No.379) from Guangdong 2016-01-30
(Dongguan) Weimei Power Co., Ltd.
Provincial Development and Reform Commission. The
Notice No.:2016-006) released on China
grid purchase price of teh Gaobu Power Plant of Shen
Security Journal, Securities Times, Hong
Nan Dian Dongguan Company was RMB 0.745(tax
Kong Commercial Daily and Juchao
included)/kwh, and begins since 1 February 2016.
Website dated 30 Jan. 2016.
The audited net profit for fiscal year of 2014 and 2015
was RMB-330,513,284.99 and RMB -634,623,667.06
respectively. according to relevant rules of Stock Listing
Rules of the Shenzhen Stock Exchange, stock of the
Found more in Notice of Delisting Risk
Company will suspended on the date when Annual
Warning on Stock of the Company (Notice
Report of 2015 released on 1 April 2016, and the stocks
No.: 2016-015) released on China Security
will carry out delisting risk warning since resumption of 2016-04-01
Journal, Securities Times, Hong Kong
trading on 5 April (the 2nd,3rd, and 4th of April is the
Commercial Daily and Juchao Website
statutory public holiday and festivals). Shares of the
dated 1 April 2016
Company will list with"*ST" with 5% price rise and drop
daily. Shares of the Company probably suspended if the
Company has another loss in 2016. Investment risks are
advice to investors.
III. Commitments completed during the Period and those un-completed as of the period-end
from the Company, shareholders, actual controller, buyer, director, supervisor, senior
executives or other related party
□Applicable √Not applicable
The Company has no commitments completed during the Period and those un-completed as of the period-end from the Company,
shareholders, actual controller, buyer, director, supervisor, senior executives or other related party.
IV. Predict of the business performance from January to June 2016
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
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深圳南山热电股份有限公司 2016 年第一季度报告全文
loss or have great changes comparing with the same period of last year
□Applicable √Not applicable
V. Securities Investment
□ Applicable √ Not applicable
No security investment in Period.
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
No registration form for receiving research, communication or interview in the Period.
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 2016 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
2016-04-25
In RMB
Items Closing Balance Opening Balance
Current assets:
Monetary funds 1,038,965,433.23 1,026,626,480.06
Settlement provisions
Capital lent
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Notes receivable 1,200,000.00
Accounts receivable 532,030,346.61 405,391,442.85
Accounts paid in advance 17,761,708.03 254,557.09
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 45,515,839.73 30,685,319.69
Purchase restituted finance asset
Inventories 680,328,493.80 672,683,049.42
Divided into assets held for sale
Non-current asset due within one
year
Other current assets 584,034,136.20 604,426,110.04
Total current assets 2,898,635,957.60 2,741,266,959.15
Non-current assets:
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深圳南山热电股份有限公司 2016 年第一季度报告全文
Loans and payments on behalf
Finance asset available for sales 57,315,000.00 57,315,000.00
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 21,972,348.85 22,520,274.78
Investment property 3,145,681.11 3,194,715.51
Fixed assets 1,639,567,466.38 1,667,494,083.42
Construction in progress 9,093,287.42 8,473,276.90
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 53,115,790.83 53,801,475.81
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 2,905,768.69 2,905,768.69
Other non-current asset 22,882,181.78 22,882,181.78
Total non-current asset 1,809,997,525.06 1,838,586,776.89
Total assets 4,708,633,482.66 4,579,853,736.04
Current liabilities:
Short-term loans 2,255,300,000.00 2,385,300,000.00
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable 357,000,000.00 340,000,000.00
Accounts payable 94,982,086.97 38,014,729.22
Accounts received in advance 58,575.45
Selling financial asset of
repurchase
Commission charge and
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深圳南山热电股份有限公司 2016 年第一季度报告全文
commission payable
Wage payable 48,145,603.39 47,521,710.84
Taxes payable 9,307,135.08 13,444,485.85
Interest payable 70,193,369.73 63,142,049.81
Dividend payable
Other accounts payable 367,401,703.60 371,926,173.24
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Divided into liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 3,202,329,898.77 3,259,407,724.41
Non-current liabilities:
Long-term loans 945,000,000.00 696,000,000.00
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities 27,100,000.00 27,100,000.00
Deferred income 47,487,524.65 48,435,206.35
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 1,019,587,524.65 771,535,206.35
Total liabilities 4,221,917,423.42 4,030,942,930.76
Owner’s equity:
Share capital 602,762,596.00 602,762,596.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
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深圳南山热电股份有限公司 2016 年第一季度报告全文
Capital public reserve 362,770,922.10 362,758,554.21
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 332,908,397.60 332,908,397.60
Provision of general risk
Retained profit -708,706,356.71 -662,422,848.24
Total owner’s equity attributable to
589,735,558.99 636,006,699.57
parent company
Minority interests -103,019,499.75 -87,095,894.29
Total owner’s equity 486,716,059.24 548,910,805.28
Total liabilities and owner’s equity 4,708,633,482.66 4,579,853,736.04
Legal Representative: President Yang Haixian
Person in charge of accounting works: Director GM Wu Dongxiang, CFO Huang Jian
Person in charge of accounting institute: Financial Manager Leng Jiwei
2. Balance Sheet of Parent Company
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 707,505,625.84 685,708,711.65
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable
Accounts receivable 390,919,609.05 309,114,888.65
Account paid in advance 285,986.20 215,431.80
Interest receivable
Dividends receivable 79,495,331.17 79,495,331.17
Other receivables 1,232,467,776.91 1,260,619,190.09
Inventories 71,687,455.81 73,381,539.62
Divided into assets held for sale
Non-current assets maturing within
one year
Other current assets 445,938,690.87 460,714,889.70
Total current assets 2,928,300,475.85 2,869,249,982.68
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深圳南山热电股份有限公司 2016 年第一季度报告全文
Non-current assets:
Available-for-sale financial assets 57,315,000.00 57,315,000.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 691,982,849.76 691,982,849.76
Investment property
Fixed assets 238,335,588.72 240,657,379.95
Construction in progress 784,068.38 744,725.65
Project materials
Disposal of fixed assets
Productive biological assets
Oil and natural gas assets
Intangible assets 5,109,392.84 5,469,452.93
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets
Total non-current assets 993,526,899.70 996,169,408.29
Total assets 3,921,827,375.55 3,865,419,390.97
Current liabilities:
Short-term borrowings 1,844,000,000.00 2,024,000,000.00
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable 357,000,000.00 340,000,000.00
Accounts payable 71,735,750.00 24,793,826.11
Accounts received in advance
Wage payable 25,123,684.81 25,958,401.01
Taxes payable 2,420,745.56 2,488,252.98
Interest payable 4,182,108.21 4,072,366.54
Dividend payable
Other accounts payable 123,886,829.46 167,136,669.31
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深圳南山热电股份有限公司 2016 年第一季度报告全文
Divided into liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 2,428,349,118.04 2,588,449,515.95
Non-current liabilities:
Long-term loans 480,000,000.00 250,000,000.00
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities
Deferred income 27,771,415.26 28,425,205.59
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 507,771,415.26 278,425,205.59
Total liabilities 2,936,120,533.30 2,866,874,721.54
Owners’ equity:
Share capita 602,762,596.00 602,762,596.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 288,869,612.11 288,857,244.22
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus reserve 332,908,397.60 332,908,397.60
Retained profit -238,833,763.46 -225,983,568.39
Total owner’s equity 985,706,842.25 998,544,669.43
Total liabilities and owner’s equity 3,921,827,375.55 3,865,419,390.97
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深圳南山热电股份有限公司 2016 年第一季度报告全文
3. Consolidated Profit Statement
In RMB
Item Current Period Last Period
I. Total operating income 244,369,581.94 258,686,630.32
Including: Operating income 244,369,581.94 258,686,630.32
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 307,460,792.12 404,494,421.92
Including: Operating cost 235,656,874.76 322,806,976.27
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 2,294,763.29 1,739,376.86
Sales expenses 903,530.46 908,956.01
Administration expenses 21,320,442.94 20,414,436.75
Financial expenses 47,285,180.67 58,624,676.03
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
-547,925.93 -455,578.62
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
III. Operating profit (Loss is listed with
-63,639,136.11 -146,263,370.22
“-”)
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深圳南山热电股份有限公司 2016 年第一季度报告全文
Add: Non-operating income 2,093,790.05 37,063,558.75
Including: Disposal gains of
non-current asset
Less: Non-operating expense 28,711.19 10,000.00
Including: Disposal loss of
7,531.70
non-current asset
IV. Total Profit (Loss is listed with “-”) -61,574,057.25 -109,209,811.47
Less: Income tax expense 633,056.68 136,586.81
V. Net profit (Net loss is listed with “-”) -62,207,113.93 -109,346,398.28
Net profit attributable to owner’s of
-46,283,508.47 -88,448,771.06
parent company
Minority shareholders’ gains and
-15,923,605.46 -20,897,627.22
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 as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method which
will not be reclassified subsequently to
profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method which
will be reclassified subsequently to profit
or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
20
深圳南山热电股份有限公司 2016 年第一季度报告全文
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale financial
assets
4. The effect hedging portion
of gains or losses arising from cash flow
hedging instruments
5. Translation differences
arising on translation of foreign currency
financial statements
6. Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income -62,207,113.93 -109,346,398.28
Total comprehensive income
-46,283,508.47 -88,448,771.06
attributable to owners of parent Company
Total comprehensive income
-15,923,605.46 -20,897,627.22
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.08 -0.15
(ii) Diluted earnings per share -0.08 -0.15
Legal Representative: President Yang Haixian
Person in charge of accounting works: Director GM Wu Dongxiang, CFO Huang Jian
Person in charge of accounting institute: Financial Manager Leng Jiwei
4. Profit Statement of Parent Company
In RMB
Item Current Period Last Period
I. Operating income 46,513,779.10 58,913,307.62
Less: Operating cost 45,467,181.41 83,349,118.87
Operating tax and extras 1,738,950.92 1,476,307.09
Sales expenses
Administration expenses 2,885,320.94 11,470,917.77
Financial expenses 9,926,311.23 14,148,332.73
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
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深圳南山热电股份有限公司 2016 年第一季度报告全文
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated company and joint venture
II. Operating profit (Loss is listed
-13,503,985.40 -51,531,368.84
with “-”)
Add: Non-operating income 653,790.33 36,571,531.33
Including: Disposal gains of
non-current asset
Less: Non-operating expense
Including: Disposal loss of
non-current asset
III. Total Profit (Loss is listed with
-12,850,195.07 -14,959,837.51
“-”)
Less: Income tax expense -
IV. Net profit (Net loss is listed with
-12,850,195.07 -14,959,837.51
“-”)
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 as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
2. Gains or losses arising
from changes in fair value of
22
深圳南山热电股份有限公司 2016 年第一季度报告全文
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income -12,850,195.07 -14,959,837.51
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:
Cash received from selling
commodities and providing labor 159,473,281.47 251,417,636.64
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 amount from
23
深圳南山热电股份有限公司 2016 年第一季度报告全文
disposal financial assets that measured
by fair value and with variation
reckoned into current gains/losses
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received 647,705.34
Other cash received concerning
12,291,336.49 89,578,973.73
operating activities
Subtotal of cash inflow arising from
172,412,323.30 340,996,610.37
operating activities
Cash paid for purchasing
commodities and receiving labor 170,022,861.32 374,342,810.91
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 31,231,432.87 34,706,002.42
Taxes paid 12,739,371.58 4,241,019.51
Other cash paid concerning
11,957,748.02 7,963,979.36
operating activities
Subtotal of cash outflow arising from
225,951,413.79 421,253,812.20
operating activities
Net cash flows arising from operating
-53,539,090.49 -80,257,201.83
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
24
深圳南山热电股份有限公司 2016 年第一季度报告全文
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 investing
activities
Cash paid for purchasing fixed,
4,900,140.03 1,156,506.35
intangible and other long-term assets
Cash paid for investment
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
4,900,140.03 1,156,506.35
activities
Net cash flows arising from investing
-4,900,140.03 -1,156,506.35
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 955,000,000.00 1,351,760,000.00
Cash received from issuing bonds
Other cash received concerning
5,300,000.00
financing activities
Subtotal of cash inflow from financing
960,300,000.00 1,351,760,000.00
activities
Cash paid for settling debts 836,000,000.00 850,000,000.00
Cash paid for dividend and profit
48,199,874.56 54,704,000.89
distributing or interest paying
25
深圳南山热电股份有限公司 2016 年第一季度报告全文
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from
884,199,874.56 904,704,000.89
financing activities
Net cash flows arising from financing
76,100,125.44 447,055,999.11
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -21,941.75 12,784.63
exchange rate
V. Net increase of cash and cash
17,638,953.17 365,655,075.56
equivalents
Add: Balance of cash and cash
1,016,326,480.06 568,494,957.02
equivalents at the period -begin
VI. Balance of cash and cash
1,033,965,433.23 934,150,032.58
equivalents at the period -end
6. Cash Flow Statement of Parent Company
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 82,701,475.00 38,781,179.00
services
Write-back of tax received
Other cash received concerning
9,135,128.92 104,792,581.81
operating activities
Subtotal of cash inflow arising from
91,836,603.92 143,573,760.81
operating activities
Cash paid for purchasing
commodities and receiving labor 32,770,089.24 137,870,763.10
service
Cash paid to/for staff and workers 18,177,010.38 19,453,146.75
Taxes paid 4,083,939.63 2,554,325.39
Other cash paid concerning 29,319,811.14 8,612,002.92
26
深圳南山热电股份有限公司 2016 年第一季度报告全文
operating activities
Subtotal of cash outflow arising from
84,350,850.39 168,490,238.16
operating activities
Net cash flows arising from operating
7,485,753.53 -24,916,477.35
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal of
fixed, intangible and other long-term
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
activities
Cash paid for purchasing fixed,
181,380.00 85,782.14
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
181,380.00 85,782.14
activities
Net cash flows arising from investing
-181,380.00 -85,782.14
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 820,000,000.00 1,180,000,000.00
Cash received from issuing bonds
Other cash received concerning 5,300,000.00
27
深圳南山热电股份有限公司 2016 年第一季度报告全文
financing activities
Subtotal of cash inflow from financing
825,300,000.00 1,180,000,000.00
activities
Cash paid for settling debts 770,000,000.00 700,000,000.00
Cash paid for dividend and profit
35,507,313.18 38,475,271.26
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from
805,507,313.18 738,475,271.26
financing activities
Net cash flows arising from financing
19,792,686.82 441,524,728.74
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -146.16 -513.30
exchange rate
V. Net increase of cash and cash
27,096,914.19 416,521,955.95
equivalents
Add: Balance of cash and cash
675,408,711.65 332,803,493.04
equivalents at the period -begin
VI. Balance of cash and cash
702,505,625.84 749,325,448.99
equivalents at the period -end
II. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.
28
