深圳南山热电股份有限公司 2017 年第三季度报告全文
深圳南山热电股份有限公司
Shenzhen Nanshan Power Co., Ltd.
The Third Quarterly Report for 2017
Notice No.: 2017-063
October 2017
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深圳南山热电股份有限公司 2017 年第三季度报告全文
Section I. Important Note
Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of
Shenzhen Nanshan Power Co., Ltd. (hereinafter referred to as the Company) 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.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Chairman Li Xinwei, person in charge of the Company, Director GM Chen Yuhui, person in
charge of accounting works and CFO Huang Jian as well as Deputy Manager 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.
On 11 August 2017, Mr. Chen Yuhui appointed as GM on the 20th session of 7th BOD. And
on 28 August 2017, Mr. Li Xinwei, and Mr. Chen Yuhui elected as director of the 7th BOD of
the Company on First Extraordinary Shareholder Meeting for 2017, on the same day, the 22nd
session of 7th BOD elected Director Mr. Li Xinwei as the Chairman of 7th BOD of the
Company.
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 Company has no plans of cash dividend distributed, no bonus shares and has no share
converted from capital reserve either.
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 2017 年第三季度报告全文
Paraphrase
Items Refers to Definition
Company, the Company, Shen Nan Dian, listed
Refers to Shenzhen Nanshan Power Co., Ltd.
Company
Shen Nan Dian Zhongshan Co Refers to Shen Nan Dian (Zhongshan) Electric Power Co., Ltd.
Shen Nan Dian Dongguan Co Refers to Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd
Shen Nan Dian Engineering Co., Refers to Shenzhen Shennandian Turbine Engineering Technology Co., Ltd.
Shen Nan Dian Envionment Protection Co., Refers to Shenzhen Shen Nan Dian Envionment Protection Co., Ltd.
Server Co., Refers to Shenzhen Server Petrochemical Supplying Co., Ltd.
New Power Co., Refers to Shenzhen New Power Industrial Co., Ltd.
Singapore Company Refers to Shen Nan Energy (Singapore) Co., Ltd.
Nanshan Power Factory Refers to Nanshan Power Factory of Shenzhen Nanshan Power Co., Ltd.
Zhongshan Nam Long Power Plant of Shen Nan Dian (Zhongshan)
Zhongshan Nam Long Power Plant Refers to
Electric Power Co., Ltd.
Dongguan Gaobu Power Plant of Shen Nan Dian (Dongguan) Weimei
Dongguan Gaobu Power Plant Refers to
Electric Power Co., Ltd.
Syndisome Company Refers to Hong Kong Syndisome Co., Ltd.
NAM HOI Refers to HONG KONG NAM HOI (INTERNATIONAL) LTD.
Shen Energy Group Refers to Shenzhen Energy Co., Ltd.
Guangju Industrial Refers to Shenzhen Guangju Industrial Co., Ltd.
Paipu Technology Refers to Shenzhen Paipu Energy Technology Development Co.,LTD.
Audit unit, Ruihua CPA Refers to Ruihua Certified Public Accountant (LLP)
CSRC Refers to China Securities Regulatory Commission
Shenzhen Securities Regulatory Commission of China Securities
Securities regulatory bureau Refers to
Regulation Commission
SZ Stock Exchange, Exchange Refers to Shenzhen Stock 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
Articles of association Refers to Article of Association of Shenzhen Nanshan Power Co., Ltd.
RMB: Yuan, ten thousand Yuan, 100 million Except the special description of the monetary unit, the rest of the
Refers to
Yuan monetary unit is RMB Yuan, ten thousand Yuan
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深圳南山热电股份有限公司 2017 年第三季度报告全文
Section II Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Current period-end Period-end of last year Increase/decrease
Total assets(RMB) 3,071,070,966.82 4,363,703,614.03 -29.62%
Net assets attributable to
shareholders of listed company 1,940,559,643.08 1,942,713,902.92 -0.11%
(RMB)
Increase/decrease in
Increase/decrease in
From year-begin to comparison with
Current period comparison with same
end of the Period year-begin to
period of last year
Period-end of last year
Operating revenue (RMB) 697,890,935.29 37.14% 1,570,853,632.62 30.19%
Net profit attributable to
shareholders of the listed company 20,474,941.54 365.74% -2,154,259.84 -96.64%
(RMB)
Net profit attributable to
shareholders of the listed company
19,120,423.23 1,018.73% -5,992,786.88 -91.21%
after deducting non-recurring gains
and losses(RMB)
Net cash flow arising from
-- -- -171,342,835.72 -227.70%
operating activities(RMB)
Basic earnings per share
0.03 365.74% -0.0036 -96.64%
(RMB/Share)
Diluted earnings per share
0.03 365.74% -0.0036 -96.64%
(RMB/Share)
Weighted average ROE 1.06% 179.26% -0.11% -98.96%
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Amount from year-begin to
Item Note
end of the Period
Gains/losses from the disposal of non-current asset (including the Loss from disposal of non-current
-160,729.35
write-off that accrued for impairment of assets) assets
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深圳南山热电股份有限公司 2017 年第三季度报告全文
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to Government grants with assets
3,259,872.87
national standards, which are closely relevant to enterprise’s concerned are amortized
business)
The part-individual amount, has
Switch back of the impairment for receivables which has
480,710.97 collected which has been accrual
impairment test independently
for bad debts
The account payable unable to
Other non-operating income and expenditure except for the
337,919.18 paid are transfer to non-operation
aforementioned items
revenue
Impact on minority shareholders’ equity (post-tax) 79,246.63
Total 3,838,527.04 --
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. Statement of the total shareholders and shares-held of top ten shareholders at end of the
Period
1. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
Total preferred stockholders
Total common shareholders at the with voting rights recover at
31,557 0
end of report period the end of report period (if
applicable)
Top ten share-holding
Amount of Number of share pledged/frozen
Nature of Proportion of Amount of shares
Shareholders restricted shares
shareholder shares held held State of share Amount
held
HONG KONG
NAM HOI
Foreign corporate 15.28% 92,123,248
(INTERNATION
AL) LTD
Shenzhen State-owned
12.22% 73,666,824
Guangju corporate
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深圳南山热电股份有限公司 2017 年第三季度报告全文
Industrial Co.,
Ltd.
SHENZHEN
ENERGY State-owned
10.80% 65,106,130
(GROUP) CO., corporate
LTD.
BOCI
SECURITIES Foreign corporate 1.39% 8,360,627
LIMITED
Domestic nature
Zeng Ying 1.05% 6,331,656
person
State-owned
CMS (HK) 0.90% 5,416,930
corporate
Domestic nature
Zhang Heping 0.83% 5,025,900
person
Mei Yi Domestic
Investment non-state-owned 0.77% 4,614,920
Property Co., Ltd. legal person
Domestic nature
Li Baoqin 0.66% 3,994,100
person
GUOTAI
JUNAN
SECURITIES(H Foreign corporate 0.61% 3,649,690
ONGKONG)
LIMITED
Particular about top ten shareholders with un-restrict shares held
Amount of unrestricted shares held at reporting Type of shares
Shareholders’ name
period-end Type Amount
Domestically
HONG KONG NAM HOI
92,123,248 listed foreign 92,123,248
(INTERNATIONAL) LTD
shares
Shenzhen Guangju Industrial Co., RMB ordinary
73,666,824 73,666,824
Ltd. shares
SHENZHEN ENERGY (GROUP) RMB ordinary
65,106,130 65,106,130
CO., LTD. shares
Domestically
BOCI SECURITIES LIMITED 8,360,627 listed foreign 8,360,627
shares
Domestically
Zeng Ying 6,331,656 6,331,656
listed foreign
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深圳南山热电股份有限公司 2017 年第三季度报告全文
shares
Domestically
CMS (HK) 5,416,930 listed foreign 5,416,930
shares
RMB ordinary
3,785,600
shares
Zhang Heping 5,025,900 Domestically
listed foreign 1,240,300
shares
Domestically
Mei Yi Investment Property Co.,
4,614,920 listed foreign 4,614,920
Ltd.
shares
RMB ordinary
946,700
shares
Li Baoqin 3,994,100 Domestically
listed foreign 3,047,400
shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 3,649,690 listed foreign 3,649,690
LIMITED shares
1. Shenzhen Energy (Group) Co., Ltd. holds 100% equities of HONG KONG NAM HOI
Explanation on associated
(INTERNATIONAL) LTD indirectly; 2. Among other social public shareholders, the
relationship among the top ten
Company did not know whether there were associated relationships or belonging to consistent
shareholders or consistent action
actors.
Explanation on top ten common
shareholders involving margin N/A
business (if applicable)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□Yes √No
Top ten common shareholders or top ten common shareholders with un-restrict shares not held have a buy-back agreement dealing in
reporting period
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
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深圳南山热电股份有限公司 2017 年第三季度报告全文
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
1. Closing number of monetary fund counted as 343.7636 million Yuan, decreased 75.72% over that of year-beginning, mainly
because loans are paid to the bank;
2. Closing number of note receivable counted as 2 million Yuan, increased 233.33% over that of year-beginning, mainly due to the
increase of note receivable;
3. Closing number of account receivable counted as 303.4772 million Yuan, increased 81.93% over that of year-beginning, mainly
becase receivable revenue from power-sales increased;
4. Closing number of account paid in advance counted as 175.774 million Yuan, increased 302.57% over that of year-beginning,
mainly becase the account of natural gas paid in advance increased;
5. Closing number of other receivable counted as 44.2921 million Yuan, decreased 88.81% over that of year-beginning, mainly
becase rest money for equity transfer in 2016 have collected;
6. Closing number of construction in process counted as 48.343 million Yuan, increased 503.65% over that of year-beginning,
mainly becase costs of technical innovation for CHP (combined heat and power generation) increased;
7. Closing number of short-term loans counted as 541.35 million Yuan, decreased 32.06% over that of year-beginning, mainly becase
short-term loans from bank declined;
8. Closing number of note payable counted as 54.1549 million Yuan, decreased 81.47% over that of year-beginning, mainly becase
some notes are paid on maturity;
9. Closing number of wages payable counted as 30.7396 million Yuan, decreased 32.92% over that of year-beginning, mainly becase
wages paid to the employees;
10. Closing number of tax payable counted as 22.8602 million Yuan, decreased 90.25% over that of year-beginning, mainly becase
taxable enterprise income tax for year of 2016 are paid in January;
11. Closing number of interest payable counted as 3.2901 million Yuan, decreased 28.17% over that of year-beginning, mainly
becase volume of credit declined;
12. Closing number of non-current liability due within one year counted as 229.9 million Yuan, decreased 50.35% over that of
year-beginning, mainly becase lonas due within one year are paid to the bank;
13. Closing number of long-term loans counted as26.94 million Yuan, decreased 92.17% over that of year-beginning, mainly becase
long-term loans from the bank declined;
14. Operation revenue counted as 1570.8536 million Yuan in the Period, increased 30.19% on a y-o-y basis, mainly because reveneu
from power-sales increased;
15. Operation cost counted as 1463.7863 million Yuan in the Period, increased 34.23% on a y-o-y basis, mainly due to the increase
of power generation;
16. Taxes and surcharge counted as 7.1643 million Yuan in the Period, increased 54.80% on a y-o-y basis, mainly because according
to the “Notice of Accounting Regulation for VAT”, the property tax, land using costs and stamp taxes ect. should counted as “Taxes
and surcharge” since 31 December 2016;
17. Sales expenses counted as 2.365 million Yuan in the Period, decreased 40.47% on a y-o-y basis, mainly because sludge disposal
fee declined;
18. Financial expenses counted as 44.0395 million Yuan in the Period, decreased 67.68% on a y-o-y basis, mainly because the
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深圳南山热电股份有限公司 2017 年第三季度报告全文
financing scale declined;
19. Non-operation revenue counted as 0.3492 million Yuan in the Period, decreased 97.78% on a y-o-y basis, mainly because under
the new accounting rules of Government Grants, the deferred income amortization and VAT refund should counted as “Other
income”;
20. Non-operation expenditure counted as 0.172 million Yuan in the Period, decreased 97.81% on a y-o-y basis, mainly because
Shenzhen Goverment’s fuel consumption tax subsidy 6.5978 million Yuan refund in July 2016;
21. Net cash flow from operation activities counted as -171.3428 million Yuan in the Period, decreased 227.70% on a y-o-y basis,
mainly because natural gas amount payable and taxable amount increased;
22. Net cash flow from investment activities counted as -50.2626 million Yuan in the Period, decreased 245.19% on a y-o-y basis,
mainly becase costs of technical innovation for CHP (combined heat and power generation) increased;
23. Net cash flow from financing activities counted as -832.9143 million Yuan in the Period, decreased 308.92% on a y-o-y basis,
mainly because loans are paid to the bank increased;
II. Progress and influence of the main events as well as solution analysis specification
√ Applicable □ Not applicable
1. Electin of new Chairman and GM appointment: On 11 August 2017, Chairman Mr. Yang Haixian on his retirement age, and Mr.
Wu Dongxiang resigned his post as director GM, in response to this, Mr. Chen Yuhui appointed as GM of the Company on 20th
extrarorinary meeting of 7th BOD, and Mr. Li Xinwei and Chen Yuhui nominated as the director candidate for 7th BOD. On 28
August 2017, the first extraordiarng shareholders meeting of 2017 elected Mr. Li Xinwei and Chen Yuhui as the director of 7th BOD,
director Li Xinwei also elected as Chairman of 7th BOD of the Company on 22nd extraordinary meeting of 7th BOD held on same
date.
2. T102-0011, T102-0155 land acquisition and storage. On July 14, the company learned on the official website of Municipality
Planning Land Commission that Municipality Planning Land Commission issued the Notice on the Publicity of Municipality
Planning Land Commission about the Comprehensive Planning of China (Guangdong) Pilot Free Trade Zone Shenzhen Qianhai
Shekou Zone on its official website (hereinafter referred to as the “Notice”), the publicity period was 30 natural days, from July 13,
2017 to August 11, 2017. According to the “Notice” and its annex, the no longer needed infrastructure in Nanshan Power Plant and
other zones should be shut down. The Company performs disclosure duty on time on 15 July. On July 18, the company received the
Letter about Proposal for Carrying out the Feasibility Research of Removing Nanshan Power Plant to Shenzhen-Shantou
Cooperation Zone from Economy, Trade and Information Commission of Shenzhen Municipality, which suggested the company to
seriously study the feasibility of removing Nanshan Power Plant to Shenzhen-Shantou Cooperation Zone. On 10 August, the
Company submite a Statement of Objections on Comprehensive Planning of Qianhai Shekou Free Trade Zone to Municipality
Planning Land Commission on the issues with lands (where Nan Shan Power Plant locates) concerned in the Notice that public above
mentioned, and relevant annucement (Notice No.: 2017-053) were released on China Securities Journal, Securties Times, Hong Kong
Comercial Daily and Juchao Website dated 12 August. In reporting period, we study the feasibility of relocations (move the Nanshan
Power Plant to Shen-Shang Cooperation Zone), and appointed legal adviser for relevant works conducts according to the resolution
from the Board. We continues to contact with relevnat authorities, and make the best of guarantee legal interest of the Company and
its shareholders as well as its emoloyees.
3. Assets transfer of #7 and #9 power units from Nanshan Power Plant: on 4 August 2017, the “Proposals of listing transfer of #7 and
#9 power units under Nanshan Power Plant” approved by 12th session of 7th BOD, the assets of #7 and #9 power units will transfer
publicly on listing. (Found more in relevant announcement Notice: 2017-048 released on China Securities Journal, Securities Times,
Hong Kong Commercial Daily and Juchao Website dated 8 August 2017). On 11 September, assets of #7 and #9 power units are
transferred publicly on Shenzhen United Property and Share Rights Exchange. Relevant assets transferred by listing still in process
during the period. Up to the listing announcement, no potential clients in subscription registration, further research for the above
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深圳南山热电股份有限公司 2017 年第三季度报告全文
mentioned assets transfer is needed by the Company.
4. CHP project and monthly centralized bidding transaction under Shen Nan Dian Dongguan Company and Shen Nan Dian
Zhongshan Company. During the period, Shen Nan Dian Dongguan Company actively promote the restruction works of CHP, and
entered into a Pipeline Steam Supply & Deman Contract with initial clinets, and participates the monthly centralized bidding
transaction in Guangdong pronvince; the Shen Nan Dian Zhongshan Company’s first phase of heat supply network for CHP has
basically completed in the plant, the projects out of the plant are in final acceptance stage. The monthly centralized bidding
transaction is in norma operatoin and in rountine operation works. The Company will strenghten supervision, make sure the CHP
prjects were implemented smoothly, effectively avoiding the risks of production and operation.
Except the above mentioned projects, the follow works are no any progress or changes in this period, that is Aid in Xinjiang of
Guangdong Pronvince (participated in 2013), the plans to applying for MTN issurance (500 million Yuan at most, 5 million Yuan
included) to the China Interbank Market Dealers Association, and plans to offering 2 billion Yuan (2 billion Yuan included)
corporate bonds privately, and the collection works of refundable for “benefit fund for project technological transformation”.
III. Commitments that the company, shareholders, actual controller, offeror, directors,
supervisors, senior management or other related parties have fulfilled during the reporting
period and have not yet fulfilled by the end of reporting period
□ Applicable √ Not applicable
There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or
other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.
IV. Estimation of operation performance for year of 2017
Estimation on 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 on reason
□ Applicable √ Not applicable
V. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
VI. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
VII. Registration form of receiving research, communication and interview in the report
period
√ Applicable □Not applicable
Time Way Type Contents discussed and material provided
In the premise of not violating the principles of information
2017-08-28 Field research Person 6)
disclosure and the confidential system of significant
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深圳南山热电股份有限公司 2017 年第三季度报告全文
information, the Company seriously and timely responded to
the investors’ inquiries about the Company's basic business
circumstances, financial management situation, and relevant
information of subordinate companies.
In the premise of not violating the principles of information
disclosure and the confidential system of significant
Investor interaction
information, the Company seriously and timely responded to
Jul. to Sep. of 2017 platform – written Person (16)
the investors’ inquiries about the Company's basic business
inquiry
circumstances, financial management situation, and relevant
information of subordinate companies.
Reply without break the rules of information disclosure and
2017-08-09 Letter inquiry Person (1)
important information security system
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.
X. Fulfill the precise social responsibility for poverty alleviation
The Company has no precise social responsibility for poverty alleviation in the period and has no follow-up plan either.
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深圳南山热电股份有限公司 2017 年第三季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by Shenzhen Nanshan Power Co., Ltd
2017-10-23
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 343,763,552.51 1,415,550,406.02
Settlement provisions
Capital lent
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Notes receivable 2,000,000.00 600,000.00
Accounts receivable 303,477,152.11 166,808,672.42
Accounts paid in advance 175,774,024.15 43,663,090.22
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 44,292,139.86 395,804,901.21
Purchase restituted finance asset
Inventories 87,169,305.27 80,684,079.57
Divided into assets held for sale
Non-current asset due within one
year
Other current assets 459,229,987.79 548,542,780.69
Total current assets 1,415,706,161.69 2,651,653,930.13
Non-current assets:
Loans and payments on behalf
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深圳南山热电股份有限公司 2017 年第三季度报告全文
Finance asset available for sales 59,315,000.00 59,315,000.00
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 18,767,594.07 20,305,064.18
Investment property 2,851,474.71 2,998,577.91
Fixed assets 1,451,185,900.14 1,544,562,696.68
Construction in progress 48,342,993.51 8,008,476.13
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 49,123,077.91 51,081,104.21
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 2,896,583.01 2,896,583.01
Other non-current asset 22,882,181.78 22,882,181.78
Total non-current asset 1,655,364,805.13 1,712,049,683.90
Total assets 3,071,070,966.82 4,363,703,614.03
Current liabilities:
Short-term loans 541,350,000.00 796,840,000.00
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 54,154,924.23 292,275,804.17
Accounts payable 7,206,873.73 6,329,078.85
Accounts received in advance
Selling financial asset of
repurchase
Commission charge and
commission payable
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深圳南山热电股份有限公司 2017 年第三季度报告全文
Wage payable 30,739,634.58 45,823,790.61
Taxes payable 22,860,245.21 234,534,017.11
Interest payable 3,290,127.54 4,580,481.81
Dividend payable
Other accounts payable 70,128,414.25 79,532,095.96
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
229,900,000.00 463,000,000.00
year
Other current liabilities
Total current liabilities 959,630,219.54 1,922,915,268.51
Non-current liabilities:
Long-term loans 26,940,000.00 343,900,000.00
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 43,018,195.28 45,818,868.15
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 97,058,195.28 416,818,868.15
Total liabilities 1,056,688,414.82 2,339,734,136.66
Owner’s equity:
Share capital 602,762,596.00 602,762,596.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 362,770,922.10 362,770,922.10
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深圳南山热电股份有限公司 2017 年第三季度报告全文
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 642,117,727.38 644,271,987.22
Total owner’s equity attributable to
1,940,559,643.08 1,942,713,902.92
parent company
Minority interests 73,822,908.92 81,255,574.45
Total owner’s equity 2,014,382,552.00 2,023,969,477.37
Total liabilities and owner’s equity 3,071,070,966.82 4,363,703,614.03
Legal representative: Chairman Li Xinwei
Person in charge of accounting works: Director GM Chen Yuhui; CFO Huang Jian
Person in charge of accounting institution: Deputy Manager Leng Jiwei (act for the financial management dept.)
2. Balance Sheet of Parent Company
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 143,305,648.18 1,119,323,850.36
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Notes receivable
Accounts receivable 153,433,407.50 54,934,957.47
Account paid in advance 48,949,994.33 14,823,585.50
Interest receivable
Dividends receivable
Other receivables 937,178,523.80 1,094,134,273.27
Inventories 75,239,073.56 72,731,417.64
Divided into assets held for sale
Non-current assets maturing within
one year
Other current assets 403,900,014.27 447,404,211.11
Total current assets 1,762,006,661.64 2,803,352,295.35
Non-current assets:
15
深圳南山热电股份有限公司 2017 年第三季度报告全文
Available-for-sale financial assets 59,315,000.00 59,315,000.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 691,982,849.76 691,982,849.76
Investment property
Fixed assets 221,325,372.06 229,535,920.87
Construction in progress 922,185.90 709,640.09
Project materials
Disposal of fixed assets
Productive biological assets
Oil and natural gas assets
Intangible assets 3,058,783.56 4,056,650.19
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets
Total non-current assets 976,604,191.28 985,600,060.91
Total assets 2,738,610,852.92 3,788,952,356.26
Current liabilities:
Short-term borrowings 80,000,000.00 460,000,000.00
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable 5,440,035.81 168,066,042.58
Accounts payable 282,920.71 427,800.87
Accounts received in advance
Wage payable 13,546,244.72 27,224,865.99
Taxes payable 3,393,992.12 222,340,992.27
Interest payable 428,237.51 1,546,004.16
Dividend payable
Other accounts payable 147,685,635.25 170,040,022.78
Divided into liability held for sale
16
深圳南山热电股份有限公司 2017 年第三季度报告全文
Non-current liabilities due within 1
195,500,000.00 123,000,000.00
year
Other current liabilities
Total current liabilities 446,277,066.12 1,172,645,728.65
Non-current liabilities:
Long-term loans 1,000,000.00 305,500,000.00
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities
Deferred income 24,328,193.28 26,051,964.27
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 25,328,193.28 331,551,964.27
Total liabilities 471,605,259.40 1,504,197,692.92
Owners’ equity:
Share capita 602,762,596.00 602,762,596.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 289,963,039.70 289,963,039.70
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus reserve 332,908,397.60 332,908,397.60
Retained profit 1,041,371,560.22 1,059,120,630.04
Total owner’s equity 2,267,005,593.52 2,284,754,663.34
Total liabilities and owner’s equity 2,738,610,852.92 3,788,952,356.26
3. Consolidated Profit Statement (this report period)
In RMB
17
深圳南山热电股份有限公司 2017 年第三季度报告全文
Item Current Period Last Period
I. Total operating income 697,890,935.29 508,884,871.33
Including: Operating income 697,890,935.29 508,884,871.33
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 676,086,365.59 518,933,147.78
Including: Operating cost 636,024,697.52 450,577,571.37
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 3,669,791.65 1,527,827.78
Sales expenses 951,931.82 1,519,370.58
Administration expenses 24,103,443.73 25,519,877.05
Financial expenses 12,360,100.87 39,793,501.00
Losses of devaluation of asset -1,023,600.00 -5,000.00
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
-518,050.11 -547,076.53
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
Other income 1,770,275.49
III. Operating profit (Loss is listed with
23,056,795.08 -10,595,352.98
“-”)
Add: Non-operating income 343,403.40 3,906,768.35
18
深圳南山热电股份有限公司 2017 年第三季度报告全文
Including: Disposal gains of
non-current asset
Less: Non-operating expense 7,621,025.11
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with “-”) 23,400,198.48 -14,309,609.74
Less: Income tax expense 2,274,536.80 1,767,353.20
V. Net profit (Net loss is listed with “-”) 21,125,661.68 -16,076,962.94
Net profit attributable to owner’s of
20,474,941.54 -7,704,809.93
parent company
Minority shareholders’ gains and
650,720.14 -8,372,153.01
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
3. Gains or losses arising
19
深圳南山热电股份有限公司 2017 年第三季度报告全文
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 21,125,661.68 -16,076,962.94
Total comprehensive income
20,474,941.54 -7,704,809.93
attributable to owners of parent Company
Total comprehensive income
650,720.14 -8,372,153.01
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.03 -0.01
(ii) Diluted earnings per share 0.03 -0.01
The net profit achieved before combination was 0.00 Yuan from combined party, newt profit achieved by combined party last period,
while enterprise combined under the same control
Legal representative: Chairman Li Xinwei
Person in charge of accounting works: Director GM Chen Yuhui; CFO Huang Jian
Person in charge of accounting institution: Deputy Manager Leng Jiwei (act for the financial management dept.)
4. Profit Statement of parent company (this report period)
In RMB
Item Current Period Last Period
I. Operating income 282,150,380.05 150,882,243.89
Less: Operating cost 259,054,134.55 169,225,101.93
Operating tax and extras 820,098.07
Sales expenses
Administration expenses 8,990,301.26 7,949,880.09
Financial expenses -935,402.68 1,426,086.00
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is
listed with “-”)
20
深圳南山热电股份有限公司 2017 年第三季度报告全文
Including: Investment income
on affiliated company and joint venture
Other income 662,430.33
II. Operating profit (Loss is listed
14,883,679.18 -27,718,824.13
with “-”)
Add: Non-operating income 342,403.39 2,718,431.72
Including: Disposal gains of
non-current asset
Less: Non-operating expense 7,624,271.21
Including: Disposal loss of
non-current asset
III. Total Profit (Loss is listed with
15,226,082.57 -32,624,663.62
“-”)
Less: Income tax expense 1,413,007.16
IV. Net profit (Net loss is listed with
15,226,082.57 -34,037,670.78
“-”)
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
available-for-sale financial assets
21
深圳南山热电股份有限公司 2017 年第三季度报告全文
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
VI. Total comprehensive income 15,226,082.57 -34,037,670.78
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated profit statement (from year-begin to end of this period)
In RMB
Item Current Period Last Period
I. Total operating income 1,570,853,632.62 1,206,573,138.41
Including: Operating income 1,570,853,632.62 1,206,573,138.41
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 1,581,145,383.63 1,305,532,407.49
Including: Operating cost 1,463,786,256.85 1,090,497,394.12
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
22
深圳南山热电股份有限公司 2017 年第三季度报告全文
Operating tax and extras 7,164,273.12 4,628,113.83
Sales expenses 2,365,011.12 3,972,760.84
Administration expenses 65,294,662.19 70,196,981.58
Financial expenses 44,039,491.32 136,242,157.12
Losses of devaluation of asset -1,504,310.97 -5,000.00
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
-1,537,470.11 -1,629,936.37
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
Other income 5,260,138.59
III. Operating profit (Loss is listed with
-6,569,082.53 -100,589,205.45
“-”)
Add: Non-operating income 349,199.40 15,728,109.02
Including: Disposal gains of
non-current asset
Less: Non-operating expense 172,009.57 7,844,301.19
Including: Disposal loss of
160,729.35 203,276.08
non-current asset
IV. Total Profit (Loss is listed with “-”) -6,391,892.70 -92,705,397.62
Less: Income tax expense 3,195,032.67 2,852,363.73
V. Net profit (Net loss is listed with “-”) -9,586,925.37 -95,557,761.35
Net profit attributable to owner’s of
-2,154,259.84 -64,159,556.17
parent company
Minority shareholders’ gains and
-7,432,665.53 -31,398,205.18
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
23
深圳南山热电股份有限公司 2017 年第三季度报告全文
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
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 -9,586,925.37 -95,557,761.35
Total comprehensive income
-2,154,259.84 -64,159,556.17
attributable to owners of parent Company
Total comprehensive income
-7,432,665.53 -31,398,205.18
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.0036 -0.11
(ii) Diluted earnings per share -0.0036 -0.11
24
深圳南山热电股份有限公司 2017 年第三季度报告全文
The net profit achieved before combination was 0.00 Yuan from combined party, newt profit achieved by combined party last period,
while enterprise combined under the same control
6. Profit Statement of parent company (from year-begin to end of this period)
In RMB
Item Current Period Last Period
I. Operating income 610,550,939.54 308,869,006.98
Less: Operating cost 612,475,302.77 336,178,413.47
Operating tax and extras 1,518,758.73 2,292,405.28
Sales expenses
Administration expenses 28,391,217.61 18,091,535.04
Financial expenses -11,237,786.40 21,895,482.42
Losses of devaluation of asset -480,710.97
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
Other income 2,182,970.99
II. Operating profit (Loss is listed
-17,932,871.21 -69,588,829.23
with “-”)
Add: Non-operating income 343,403.39 4,026,012.38
Including: Disposal gains of
non-current asset
Less: Non-operating expense 159,602.00 7,818,836.10
Including: Disposal loss of
159,602.00 194,564.88
non-current asset
III. Total Profit (Loss is listed with
-17,749,069.82 -73,381,652.95
“-”)
Less: Income tax expense 1,413,007.16
IV. Net profit (Net loss is listed with
-17,749,069.82 -74,794,660.11
“-”)
V. Net after-tax of other comprehensive
income
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
25
深圳南山热电股份有限公司 2017 年第三季度报告全文
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
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 -17,749,069.82 -74,794,660.11
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
7. Consolidated Cash Flow Statement (from year-begin to end of this period)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
26
深圳南山热电股份有限公司 2017 年第三季度报告全文
Cash received from selling
commodities and providing labor 1,691,955,407.45 1,286,867,142.76
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
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 2,170,304.49 2,310,771.15
Other cash received concerning
379,307,395.05 163,677,716.41
operating activities
Subtotal of cash inflow arising from
2,073,433,106.99 1,452,855,630.32
operating activities
Cash paid for purchasing
commodities and receiving labor 1,836,931,110.80 1,125,557,782.23
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
27
深圳南山热电股份有限公司 2017 年第三季度报告全文
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 106,241,002.36 94,833,886.31
Taxes paid 266,415,531.89 53,310,414.00
Other cash paid concerning
35,188,297.66 44,973,082.63
operating activities
Subtotal of cash outflow arising from
2,244,775,942.71 1,318,675,165.17
operating activities
Net cash flows arising from operating
-171,342,835.72 134,180,465.15
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,
50,262,554.32 12,560,838.09
intangible and other long-term assets
Cash paid for investment 2,000,000.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
50,262,554.32 14,560,838.09
activities
Net cash flows arising from investing
-50,262,554.32 -14,560,838.09
activities
28
深圳南山热电股份有限公司 2017 年第三季度报告全文
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 617,290,000.00 1,965,164,173.08
Cash received from issuing bonds
Other cash received concerning
22,520,613.68 5,300,000.00
financing activities
Subtotal of cash inflow from financing
639,810,613.68 1,970,464,173.08
activities
Cash paid for settling debts 1,422,840,000.00 2,014,800,000.00
Cash paid for dividend and profit
44,344,877.74 148,038,506.25
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
5,540,000.00 11,309,958.60
financing activities
Subtotal of cash outflow from financing
1,472,724,877.74 2,174,148,464.85
activities
Net cash flows arising from financing
-832,914,264.06 -203,684,291.77
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -286,585.73 170,698.12
exchange rate
V. Net increase of cash and cash
-1,054,806,239.83 -83,893,966.59
equivalents
Add: Balance of cash and cash
1,389,482,327.86 1,016,326,480.06
equivalents at the period -begin
VI. Balance of cash and cash
334,676,088.03 932,432,513.47
equivalents at the period -end
8. Cash Flow Statement of parent company (from year-begin to end of this period)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
29
深圳南山热电股份有限公司 2017 年第三季度报告全文
Cash received from selling
commodities and providing labor 892,462,292.20 660,592,522.11
services
Write-back of tax received
Other cash received concerning
488,204,832.60 160,498,932.06
operating activities
Subtotal of cash inflow arising from
1,380,667,124.80 821,091,454.17
operating activities
Cash paid for purchasing
commodities and receiving labor 879,431,296.51 486,124,655.15
service
Cash paid to/for staff and workers 65,224,532.95 50,738,270.93
Taxes paid 229,059,661.67 15,954,491.78
Other cash paid concerning
552,800,106.88 183,333,407.78
operating activities
Subtotal of cash outflow arising from
1,726,515,598.01 736,150,825.64
operating activities
Net cash flows arising from operating
-345,848,473.21 84,940,628.53
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,
635,342.16 276,403.60
intangible and other long-term assets
Cash paid for investment 2,000,000.00
Net cash received from
30
深圳南山热电股份有限公司 2017 年第三季度报告全文
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
635,342.16 2,276,403.60
activities
Net cash flows arising from investing
-635,342.16 -2,276,403.60
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 80,000,000.00 1,520,000,000.00
Cash received from issuing bonds
Other cash received concerning
5,300,000.00
financing activities
Subtotal of cash inflow from financing
80,000,000.00 1,525,300,000.00
activities
Cash paid for settling debts 692,000,000.00 1,755,500,000.00
Cash paid for dividend and profit
17,532,981.10 103,820,617.30
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
709,532,981.10 1,859,320,617.30
activities
Net cash flows arising from financing
-629,532,981.10 -334,020,617.30
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -1,405.71 2,226.64
exchange rate
V. Net increase of cash and cash
-976,018,202.18 -251,354,165.73
equivalents
Add: Balance of cash and cash
1,119,323,850.36 675,408,711.65
equivalents at the period -begin
VI. Balance of cash and cash
143,305,648.18 424,054,545.92
equivalents at the period -end
II. Audit Report
Whether the third quarter report was audited or not
31
深圳南山热电股份有限公司 2017 年第三季度报告全文
□Yes √No
The third quarter report of the Company has not been audited.
32
