深圳南山热电股份有限公司 2019 年第一季度报告全文
Shenzhen Nanshan Power Co., Ltd.
The First Quarterly Report 2019
2019-021
April 2019
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen Nanshan Power
Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors
and senior executives should guarantee the reality, accuracy and completion of
the quarterly report, there are no any fictitious statements, misleading
statements or important omissions carried in this report, and shall take legal
responsibilities, individual and/or joint.
Li Xinwei, person in charge of the Company, Director GM Chen Yuhui, person
in charge of accounting works and CFO Dai Xiji as well as Wang Yi (act for the
financial management dept.), person in charge of accounting organ (accounting
officer) hereby confirm that the Financial Report of this Quarterly Report is
authentic, accurate and complete.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Concerning the forward-looking statements with future planning involved in the
Semi-Report, they do not constitute a substantial commitment for investors.
Investors are advised to exercise caution of investment risks.
The report has been prepared in both Chinese and English, for any
discrepancies, the Chinese version shall prevail. Please read the full report
seriously.
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Paraphrase
Items Refers to Contents
Company, the Company, Shen Nan Dian Refers to Shenzhen Nanshan Power Co., Ltd.
HUAENG International Refers to HUAENG Power International Inc
Refers to State-owned Assets Supervision and Administration Committee of
SASAC of Shenzhen
Shenzhen People’s Government
SZ Capital Refers to Shenzhen Capital Co., Ltd.
NAM HOI Refers to HONG KONG NAM HOI (INTERNATIONAL) LTD.
Shenzhen Energy Group Refers to Shenzhen Energy Group Co., Ltd.
Articles of association Refers to Article of Association of Shenzhen Nanshan Power Co., Ltd.
Except the special description of the monetary unit, rest of the monetary
RMB, in 10 thousand Yuan, 100 Million Yuan Refers to
unit is RMB Yuan, ten thousand Yuan, the 100 Million Yuan
Reporting period Refers to 1 Jan. 2019 to 31 Mar. 2019
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Section II. Basic situation of the Company
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √No
Changes of this period over
Current Period Same period of last year
same period of last year
Operating income (RMB) 152,975,230.74 403,525,942.67 -62.09%
Net profit attributable to shareholders of
-28,373,168.62 -10,927,762.57 159.64%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting -28,916,498.43 -11,221,495.07 157.69%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-4,897,654.96 -69,260,605.97 -92.93%
activities(RMB)
Basic earnings per share (RMB/Share) -0.05 -0.02 150.00%
Diluted earnings per share (RMB/Share) -0.05 -0.02 150.00%
Weighted average ROE -1.47% -0.57% 157.89%
Changes of this period-end
At the end of the reporting
At the end of last year over same period-end of last
period
year
Total assets (RMB) 3,161,675,892.68 3,307,148,289.92 -4.40%
Net assets attributable to shareholder of
1,949,498,682.89 1,977,871,851.51 -1.43%
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
-402,738.25 Income from fixed assets disposal
write-off that accrued for impairment of assets)
Governmental grant reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to Apportion of government grant
843,139.16
national standards, which are closely relevant to enterprise’s with assets concerned
business)
Other non-operating income and expenditure except for the Income from waste material
79,297.63
aforementioned items disposal
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Less: impact on income tax 8,648.95
Impact on minority shareholders’ equity (post-tax) -32,280.22
Total 543,329.81 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Total common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
Total preferred stockholders with
Total common shareholders at the
32,518 voting rights recover at the end of 0
end of report period
report period (if applicable)
Top ten share-holding
Amount of
Shareholder’s Nature of Proportion of Amount of shares Number of share pledged/frozen
restricted shares
name shareholder shares held held State of share Amount
held
HONG KONG
NAM HOI Overseas legal
15.28% 92,123,248
(INTERNATION person
AL) LTD.
Shenzhen
Guangju State-owned legal
12.22% 73,666,824
Industrial Co., person
Ltd.
SHENZHEN
ENERGY State-owned legal
10.80% 65,106,130
(GROUP) CO., person
LTD.
Gaohua－HSBC
－GOLDMAN, Overseas legal
1.62% 9,769,723
SACHS & person
CO.LLC
BOCI Overseas legal 1.50% 9,025,627
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深圳南山热电股份有限公司 2019 年第一季度报告全文
SECURITIES person
LIMITED
Domestic nature
Zeng Ying 1.26% 7,595,000
person
China Merchants
State-owned legal
Securities H.K. 1.24% 7,495,058
person
Co., Ltd.
Domestic nature
Liu Fang 0.90% 5,425,488
person
LI SHERYN Foreign nature
0.67% 4,025,000
ZHAN MING person
Domestic nature
Zhu Wen 0.65% 3,929,900
person
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Domestically
HONG KONG NAM HOI
92,123,248 listed foreign 92,123,248
(INTERNATIONAL) LTD.
shares
Shenzhen Guangju Industrial Co., RMB common
73,666,824 73,666,824
Ltd. shares
SHENZHEN ENERGY (GROUP) RMB common
65,106,130 65,106,130
CO., LTD. shares
Gaohua－HSBC－GOLDMAN, RMB common
9,769,723 9,769,723
SACHS & CO.LLC shares
Domestically
BOCI SECURITIES LIMITED 9,025,627 listed foreign 9,025,627
shares
Domestically
Zeng Ying 7,595,000 listed foreign 7,595,000
shares
Domestically
China Merchants Securities H.K.
7,495,058 listed foreign 7,495,058
Co., Ltd.
shares
RMB common
2,364,688
shares
Liu Fang 5,425,488 Domestically
listed foreign 3,060,800
shares
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Domestically
LI SHERYN ZHAN MING 4,025,000 listed foreign 4,025,000
shares
RMB common
Zhu Wen 3,929,900 3,929,900
shares
1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED was held by
Explanation on associated
SHENZHEN ENERGY (GROUP) CO., LTD
relationship among the aforesaid
2. Among other social public shareholders, the Company did not know whether there were
shareholders
associated relationships or belonging to consistent actors.
Explanation on top 10 shareholders 1. Among the top ten shareholders, Ms. Liu Fang holds 2,346,688 shares through credit
involving margin business (if transaction guarantee securities account; 2. Among the top ten shareholders, Mr. Zhu Wen
applicable) holds 3,929,900 shares through credit transaction guarantee securities account
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 2019 年第一季度报告全文
Section III. Significant Events
I. Particulars about material changes in items of main financial data and financial index and
explanations of reasons
√Applicable □Not applicable
1. Monetary fund has 789.0103 million Yuan at end of the period, a decrease of 14.78% over that of period beginning, mainly due to
the loans paid to the bank;
2. Note receivable and account receivable have 138.2623 million yuan at end of the period, an increase of 4.4% over that of period
beginning, mainly because note receivable increased in the period;
3. Account paid in advance has 48.3541 million Yuan at end of the period, a decrease of 9.88% over that of period beginning, mainly
because the account paid in advance for nature gas declined;
4. Other account receivable has 38.0521 million Yuan at end of the period, a decrease of 5.19% over that of period beginning, mainly
because current account declined;
5. Construction in progress has 63.2925 million Yuan at end of the period, a decrease of 23.14% over that of period beginning,
mainly because the project for technical improvement completed and transfer to fixed assets;
6.Ending balance of long-term pending expenses amounted as 451000 yuan with 100 percent up over that of year-beginning, mainly
due to the increase of decoration expenses for exhibition in the period;
7. Other non-current assets has 22.8822 million Yuan at end of the period, a decrease of 8.12% over that of period beginning, mainly
because account paid in advance for engineering and equipment declined;
8. Short-term loan has 900 million Yuan at end of the period, a decrease of 10.00% over that of period beginning, mainly because
bank loans declined;
9. Note payable and account payable has 21.7694 million Yuan at end of the period, an increase of 20.50% over that of period
beginning, mainly because account payable for nature gas increased;
10. Taxes payable has 11.8498 million Yuan at end of the period, a decrease of 25.94% over that of period beginning, mainly because
enterprise income tax for year of 2018 are paid in the period;
11. Operation revenue has 152.9752 million Yuan in the period, a decrease of 62.09% from a year earlier, mainly because sales of
electricity revenue declined for the decline of power generation;
12. Operation cost has 159.1116 million Yuan in the period, a decrease of 58.68% from a year earlier, mainly because cost of power
generation declined for the decline of power generation;
13. Tax and surcharge has 1.3876 million Yuan in the period, a decrease of 31.69% from a year earlier, mainly because the surcharge
for VAT decreased;
14. Sales expense has 1.0538 million Yuan in the period, an increase of 129.51% from a year earlier, mainly because sludge disposal
fee increased;
15. Financial expense has 4.9192 million Yuan in the period, a decrease of 52.16% from a year earlier, mainly because interest
income from the bank increased;
16. Income from assets disposal has -402,700 Yuan in the period, a decrease of 100% from a year earlier, mainly because loss from
fixed assets disposal increased;
17. Non-operation revenue has 104500 Yuan in the period, an increase of 5,124.29% from a year earlier, mainly because income from
disposal of waste materials increased;
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深圳南山热电股份有限公司 2019 年第一季度报告全文
18. Non-operation expenditure has 25200 Yuan in the period, a decrease of 96.84% from a year earlier, mainly because loss from
fixed assets discharge declined in the year;
19. Income tax expense has 973600 Yuan in the period, a decrease of 56.70% from a year earlier, mainly because the enterprise
income tax accrual in the year declined due to the total profit decreased on a y-o-y basis.;
20. Net cash flow arising from operation activity has -4.8977 million Yuan in the period, a decrease of 92.93% from a year earlier in
net out-flow, mainly because account paid for nature gas decreased and taxes paid are declined etc.;
21. Net cash flow arising from investment activity has -14.6956 million Yuan in the period, a decrease of 54.06% from a year earlier
in net out-flow, mainly because fixed assets purchase and expenditure for technical improvement declined;
22. Net cash flow arising from financing activity has -114.9606 million Yuan in the period, a decrease of 131.25% from a year earlier
in net in-flow, mainly because net in-flow from bank loans declined .
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicable
1. Free transfer of state-owned shares held by major shareholder of the Company Shenzhen Energy Group. Due
to the 75% shares held by major shareholder of the Company Shenzhen Energy Group, are plans to transfer to
SZ Capital for free by Shenzhen SASAC, according to the Notice from Shenzhen Energy Group and being
apply to Shenzhen Stock Exchange, stock of the Company will suspend since 18 Feb. 2019, and continued to
suspend since 20 Feb. 2019 and resumption since 21 Feb. 2019; on 1 March 2019, Shenzhen SASAC entered
into an Free Transfer of State-owned Shares of Shenzhen Energy Group with SZ Capital, the 75% shares of
Shenzhen Energy Group will transfer to SZ Capital for free; on 8 April 2019, the above mentioned state-owned
shares transfer has completed the registration changed in industrial and commerce bureau, and obtained the
Notice of Change (Filing) from Shenzhen Market Supervision and Administration. Before the state-owned
transferred, 65,106,130 (A-share) shares are directly held by Shenzhen Energy Group, a 10.80% in total share
capital of the Company, and 92,123,248 (B-share) shares are indirectly held with 15.28% takes, totally
157,229,378 shares of the Company are held by Shenzhen Energy Group, a 26.08% in total share capital. After
the state-owned shares transfer, SZ Capital comes to the controlling shareholder of Shenzhen Energy Group
with 75% shares held, Shenzhen Energy Group still is the first largest shareholder of the Company. The
Company did not have controlling shareholder and actual controller either.(found more in Notice of Suspension
for Major Events, Continue Suspension and Progress of Major Events, Progress of Major Events and
Resumption, A Prompt Notice on Free Transfer of Major Shareholder’s State-Owned Shares, Detail Report on
Changes in Equity and Notice on Completion of Registration of Industrial and Commercial Changes by Free
Transfer of State-owned Shares of major shareholders released on China Securities Jornal, Securities Times,
Hong Kong Commercial Daily and Juchao Website with Notice No as 2019—001, 2019—002, 2019—003,
2019—005 and 2019—016)
2. Project of ‘Shenzhen Blue” Technical Improvement: in reporting period, the Company continues to
promoted the technical improvement of “Shenzhen Blue”. and on 15 March 2019, the upgrading of low
nitrogen burner of the last one 9E gas genset in Nanshan Power Plant has been completed, after improvement,
the nitrogen oxide emission value superior to the government requirements as 15mg/m3, thus, the upgrading
and improvement work of “Shenzhen Blue” has been successfully completed. The Company will actively
follow up implementation of government subsidy.
Except for the above mentioned, the projects as Guangdong Aid to Xingjiang participated in 2013, the benefit
fund of the technical improvement, collection work for funds refundable, and relevant works of T102-0011 and
T102-0155 lands are no have progress in the reporting period.
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Implementation progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments completed in Period and those without completed till end of the Period
from actual controller, shareholders, related parties, purchaser and companies
□ Applicable √ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller,
shareholders, related parties, purchaser and companies.
IV. Predict of the business performance from January to June 2017
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
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
Time Way Type Basic situation index of investigation
2019-02-22 Field research Individual （2） Search the register of shareholders
2019-03-05 Field research Individual （9） Search the register of shareholders
2019-03-19 Field research Individual （3） Search the register of shareholders
2019-03-26 Field research Individual （6） Search the register of shareholders
Continuing operation of the Company,
Jan.-Mar. 2019 Reply on interaction easily Individual （5）
events of lands of Nanshan Power Plant
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深圳南山热电股份有限公司 2019 年第一季度报告全文
and numbers of shareholders etc., reply
in written
Continuing operation of the Company,
Jan.-Mar. 2019 Telephone communication Individual （times） events of lands of Nanshan Power Plant,
no material acquired
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 2019 年第一季度报告全文
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深圳南山热电股份有限公司 2019 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
In RMB
Items 2019-3-31 2018-12-31
Current assets:
Monetary fund 789,010,297.84 925,829,404.44
Settlement provisions
Capital lent
Transactional financial assets
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Note receivable and account
138,262,279.36 132,430,024.97
receivable
Including: Notes receivable 1,500,000.00
Accounts receivable 136,762,279.36 132,430,024.97
Account paid in advance 48,354,119.27 53,655,777.12
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 38,052,060.78 40,133,297.74
Including: Interest receivable
Dividends receivable
Buying back the sale of financial
assets
Inventories 118,190,324.28 124,758,334.97
Contractual assets
Assets held for sale
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Non-current assets maturing within
one year
Other current assets 389,472,247.51 390,108,844.11
Total current assets 1,521,341,329.04 1,666,915,683.35
Non-current assets:
Loans and payments on behalf
Debt investment
Available-for-sale financial assets 60,615,000.00 60,615,000.00
Other debt investment
Held-to-maturity investments
Long-term receivables
Long-term equity investments 15,617,291.85 16,049,044.95
Investment in other equity instrument
Other non-current financial assets
Investment real estate 2,557,268.31 2,606,302.71
Fixed assets 1,427,480,166.98 1,405,649,989.24
Construction in progress 63,292,505.54 82,348,008.39
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 45,367,848.72 45,987,255.24
Research and development costs
Goodwill
Long-term deferred expenses 450,976.20
Deferred income tax assets 2,071,324.26 2,071,324.26
Other non-current assets 22,882,181.78 24,905,681.78
Total non-current assets 1,640,334,563.64 1,640,232,606.57
Total assets 3,161,675,892.68 3,307,148,289.92
Current liabilities
Short-term borrowings 900,000,000.00 1,000,000,000.00
Loan from central bank
Capital borrowed
Transactional financial liability
Financial liability measured by fair
value and with variation reckoned into
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深圳南山热电股份有限公司 2019 年第一季度报告全文
current gains/losses
Derivative financial liability
Notes payable & account payable 21,769,447.66 18,065,898.69
Accounts received in advance
Selling financial asset of repurchase
Absorbing deposit and interbank
deposits
Agent buying and selling securities
Acting underwriting securities
Wage payable 40,699,716.19 44,912,599.66
Taxes payable 11,849,758.95 16,000,039.55
Other accounts payable 61,532,763.02 63,091,881.43
Including: Interest payable 1,135,362.09 1,608,290.72
Dividend payable
Handling fees and commissions
payable
Reinsurance payable
Contractual liability
Liability held for sale
Non-current liabilities due within one
year
Other current liabilities
Total current liabilities 1,035,851,685.82 1,142,070,419.33
Non-current liabilities:
Insurance contract reserve
Long-term loans 21,940,000.00 25,940,000.00
Bonds payable
Including: preferred stock
Perpetual capital securities
Lease liability
Long-term account payable
Accrued liabilities 26,726,232.38 26,726,232.38
Deferred income 74,769,120.17 75,612,259.33
Deferred income tax liabilities
Other non-current liabilities
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Total non-current liabilities 123,435,352.55 128,278,491.71
Total liabilities 1,159,287,038.37 1,270,348,911.04
Owners’ equity:
Share capital 602,762,596.00 602,762,596.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 362,770,922.10 362,770,922.10
Less: Inventory shares
Other comprehensive income
Surplus reserve 332,908,397.60 332,908,397.60
Provision of general risk
Retained profit 651,056,767.19 679,429,935.81
Total owner’s equity attributable to parent
1,949,498,682.89 1,977,871,851.51
Company
Minority interests 52,890,171.42 58,927,527.37
Total owner’s equity 2,002,388,854.31 2,036,799,378.88
Total liabilities and owner’s equity 3,161,675,892.68 3,307,148,289.92
Legal Representative: President Li Xinwei
Person in charge of accounting works: Director GM Chen Yuhui, CFO Dai Xiji
Person in charge of accounting institute: Deputy Manager Wang Yi (act for the financial management dept.)
2. Balance Sheet of Parent Company
In RMB
Items 2019-3-31 2018-12-31
Current assets:
Monetary fund 655,283,552.62 766,041,463.01
Transactional financial assets
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Note receivable and account 25,933,876.70 50,415,180.20
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深圳南山热电股份有限公司 2019 年第一季度报告全文
receivable
Including: Notes receivable
Accounts receivable 25,933,876.70 50,415,180.20
Account paid in advance 44,595,439.09 33,326,061.81
Other account receivable 1,147,841,633.04 1,048,357,217.53
Including: Interest receivable
Dividends receivable
Inventories 106,374,215.06 111,279,675.08
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 365,808,635.75 362,678,678.87
Total current assets 2,345,837,352.26 2,372,098,276.50
Non-current assets:
Debt investment
Available-for-sale financial assets 60,615,000.00 60,615,000.00
Other debt investment
Held-to-maturity investments
Long-term receivables
Long-term equity investments 303,341,165.00 303,341,165.00
Investment in other equity instrument
Other non-current financial assets
Investment real estate
Fixed assets 306,724,823.78 284,572,482.22
Construction in progress 5,858,709.40 16,490,240.75
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 1,217,186.40 1,518,096.75
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Total non-current assets 677,756,884.58 666,536,984.72
Total assets 3,023,594,236.84 3,038,635,261.22
Current liabilities
Short-term borrowings 860,000,000.00 860,000,000.00
Transactional financial liability
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable & account payable 8,326,114.90 5,349,562.56
Accounts received in advance
Contractual liability
Wage payable 25,986,264.30 26,953,632.92
Taxes payable 6,292,362.72 11,962,377.72
Other accounts payable 158,979,178.36 157,816,358.94
Including: Interest payable 1,135,362.09
Dividend payable
Liability held for sale
Non-current liabilities due within one
year
Other current liabilities
Total current liabilities 1,059,583,920.28 1,062,081,932.14
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital securities
Lease liability
Long-term account payable
Accrued liabilities
Deferred income 40,969,318.97 41,337,945.14
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 40,969,318.97 41,337,945.14
Total liabilities 1,100,553,239.25 1,103,419,877.28
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Owners’ equity:
Share capital 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
Surplus reserve 332,908,397.60 332,908,397.60
Retained profit 697,406,964.29 709,581,350.64
Total owner’s equity 1,923,040,997.59 1,935,215,383.94
Total liabilities and owner’s equity 3,023,594,236.84 3,038,635,261.22
3. Consolidated Profit Statement
In RMB
Items Current Period Last Period
I. Total operating income 152,975,230.74 403,525,942.67
Including: Operating income 152,975,230.74 403,525,942.67
Interest income
Insurance gained
Handling fees and commissions
income
II. Total operating cost 187,113,939.80 416,971,883.63
Including: Operating cost 159,111,562.68 385,053,424.45
Interest expense
Handling fees and commissions
expenses
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Taxes and surcharge 1,387,607.12 2,031,387.85
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深圳南山热电股份有限公司 2019 年第一季度报告全文
Sales expenses 1,053,802.16 459,156.87
Administration expenses 20,641,767.60 19,145,685.78
R&D expenses
Financial expenses 4,919,200.24 10,282,228.68
Including: interest expenses 12,647,043.44 11,002,416.40
Interest income -7,889,780.98 -963,023.73
Losses of devaluation of asset
Loss of credit impairment
Add: other income 1,456,931.10 1,714,804.83
Investment income (Loss is listed with
-431,753.10 -532,242.73
“-”)
Including: Investment income on
affiliated Company and joint venture
Exchange income (Loss is listed with
“-”)
Net exposure hedging income (Loss is
listed with “-”)
Changing income of fair value(Loss is
listed with “-”)
Income on disposal of assets (Loss is
-402,738.25
listed with “-”)
III. Operating profit (Loss is listed with “-”) -33,516,269.31 -12,263,378.86
Add: Non-operating income 104,485.70 2,000.00
Less: Non-operating expense 25,188.07 796,877.44
IV. Total Profit (Loss is listed with “-”) -33,436,971.68 -13,058,256.30
Less: Income tax 973,552.89 2,248,293.10
V. Net profit (Net loss is listed with “-”) -34,410,524.57 -15,306,549.40
(i) Classify by business continuity
1.continuous operating net profit (net loss
listed with ‘-”)
2.termination of net profit (net loss listed
with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s of parent
-28,373,168.62 -10,927,762.57
company
2.Minority shareholders’ gains and losses -6,037,355.95 -4,378,786.83
20
深圳南山热电股份有限公司 2019 年第一季度报告全文
VI. Net after-tax of other comprehensive income
Net after-tax of other comprehensive income
attributable to owners of parent company
(I) Other comprehensive income items
which will not be reclassified subsequently to
profit of loss
1.Changes of the defined benefit
plans that re-measured
2.Other comprehensive income
under equity method that cannot be transfer to
gain/loss
3.Change of fair value of investment
in other equity instrument
4.Fair value change of enterprise's
credit risk
5. Other
(II) Other comprehensive income items
which will be reclassified subsequently to profit
or loss
1.Other comprehensive income
under equity method that can transfer to gain/loss
2.Change of fair value of other debt
investment
3.gain/loss of fair value changes for
available-for-sale financial assets
4.Amount of financial assets
re-classify to other comprehensive income
5.Gain/loss of held-to-maturity
investments that re-classify to available-for-sale
financial asset
6.Credit impairment provision for
other debt investment
7.Cash flow hedging reserve
8.Translation differences arising on
translation of foreign currency financial
statements
9.Other
Net after-tax of other comprehensive income
attributable to minority shareholders
21
深圳南山热电股份有限公司 2019 年第一季度报告全文
VII. Total comprehensive income -34,410,524.57 -15,306,549.40
Total comprehensive income attributable
-28,373,168.62 -10,927,762.57
to owners of parent Company
Total comprehensive income attributable to
-6,037,355.95 -4,378,786.83
minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.05 -0.02
(ii) Diluted earnings per share -0.05 -0.02
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party
Legal Representative: President Li Xinwei
Person in charge of accounting works: Director GM Chen Yuhui, CFO Dai Xiji
Person in charge of accounting institute: Deputy Manager Wang Yi (act for the financial management dept.)
4. Profit Statement of Parent Company
In RMB
Items Current Period Last Period
I. Operating income 51,953,247.12 165,304,888.90
Less: Operating cost 59,371,196.61 155,632,212.68
Taxes and surcharge 548,340.11 178,168.35
Sales expenses
Administration expenses 11,917,938.97 9,385,988.12
R&D expenses
Financial expenses -7,572,589.42 -6,277,213.03
Including: interest
11,511,308.35 4,256,330.00
expenses
Interest income -19,015,116.03 -10,401,896.66
Losses of devaluation of asset
Loss of credit impairment
Add: other income 368,626.17 762,430.33
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated Company and joint venture
22
深圳南山热电股份有限公司 2019 年第一季度报告全文
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value(Loss is listed with “-”)
Income on disposal of assets
-231,373.37
(Loss is listed with “-”)
II. Operating profit (Loss is listed
-12,174,386.35 7,148,163.11
with “-”)
Add: Non-operating income
Less: Non-operating expense 786,877.44
III. Total Profit (Loss is listed with
-12,174,386.35 6,361,285.67
“-”)
Less: Income tax 1,590,321.42
IV. Net profit (Net loss is listed with
-12,174,386.35 4,770,964.25
“-”)
(i)continuous operating net profit
(net loss listed with ‘-”)
(ii) termination of net profit (net
loss listed with ‘-”)
V. Net after-tax of other comprehensive
income
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
23
深圳南山热电股份有限公司 2019 年第一季度报告全文
transfer to gain/loss
2.Change of fair value of
other debt investment
3.gain/loss of fair value
changes for available-for-sale financial
assets
4.Amount of financial
assets re-classify to other
comprehensive income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging
reserve
8.Translation differences
arising on translation of foreign
currency financial statements
9.Other
VI. Total comprehensive income -12,174,386.35 4,770,964.25
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Items Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 186,351,276.89 389,122,193.60
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
24
深圳南山热电股份有限公司 2019 年第一季度报告全文
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
Net cash received by agents in
sale and purchase of securities
Write-back of tax received 620,709.11
Other cash received concerning
22,895,402.99 2,172,748.21
operating activities
Subtotal of cash inflow arising from
209,246,679.88 391,915,650.92
operating activities
Cash paid for purchasing
commodities and receiving labor 154,761,126.02 394,654,009.46
service
Net increase of customer loans
and advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Net increase of financial assets
held for transaction purposes
Net increase of capital lent
Cash paid for interest, commission
charge and commission
25
深圳南山热电股份有限公司 2019 年第一季度报告全文
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 38,267,116.27 34,455,664.92
Taxes paid 9,429,950.97 22,451,695.31
Other cash paid concerning
11,686,141.58 9,614,887.20
operating activities
Subtotal of cash outflow arising from
214,144,334.84 461,176,256.89
operating activities
Net cash flows arising from operating
-4,897,654.96 -69,260,605.97
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 1,989,560.00 262,500.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
1,989,560.00 262,500.00
activities
Cash paid for purchasing fixed,
16,685,177.41 32,248,431.89
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
16,685,177.41 32,248,431.89
activities
Net cash flows arising from investing
-14,695,617.41 -31,985,931.89
activities
III. Cash flows arising from financing
26
深圳南山热电股份有限公司 2019 年第一季度报告全文
activities
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 230,000,000.00 530,000,000.00
Cash received from issuing bonds
Other cash received concerning
2,133,338.86 15,460,000.00
financing activities
Subtotal of cash inflow from financing
232,133,338.86 545,460,000.00
activities
Cash paid for settling debts 334,000,000.00 167,000,000.00
Cash paid for dividend and profit
13,093,959.02 10,555,809.13
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from
347,093,959.02 177,555,809.13
financing activities
Net cash flows arising from financing
-114,960,620.16 367,904,190.87
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -131,875.21 -231,298.80
exchange rate
V. Net increase of cash and cash
-134,685,767.74 266,426,354.21
equivalents
Add: Balance of cash and cash
914,956,611.70 411,613,377.07
equivalents at the period -begin
VI. Balance of cash and cash
780,270,843.96 678,039,731.28
equivalents at the period -end
6. Cash Flow Statement of Parent Company
In RMB
Items Current Period Last Period
I. Cash flows arising from operating
27
深圳南山热电股份有限公司 2019 年第一季度报告全文
activities:
Cash received from selling
commodities and providing labor 80,902,171.49 165,849,848.40
services
Write-back of tax received
Other cash received concerning
38,366,707.44 892,094.12
operating activities
Subtotal of cash inflow arising from
119,268,878.93 166,741,942.52
operating activities
Cash paid for purchasing
commodities and receiving labor 72,960,767.27 164,618,568.76
service
Cash paid to/for staff and workers 22,272,693.24 19,415,113.07
Taxes paid 6,293,432.39 6,308,794.09
Other cash paid concerning
107,367,157.23 22,699,771.73
operating activities
Subtotal of cash outflow arising from
208,894,050.13 213,042,247.65
operating activities
Net cash flows arising from operating
-89,625,171.20 -46,300,305.13
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 1,794,800.00 262,500.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
1,794,800.00 262,500.00
activities
Cash paid for purchasing fixed,
11,886,483.79 28,368,843.96
intangible and other long-term assets
Cash paid for investment
28
深圳南山热电股份有限公司 2019 年第一季度报告全文
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
11,886,483.79 28,368,843.96
activities
Net cash flows arising from investing
-10,091,683.79 -28,106,343.96
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 230,000,000.00 360,000,000.00
Cash received from issuing bonds
Other cash received concerning
11,660,000.00
financing activities
Subtotal of cash inflow from financing
230,000,000.00 371,660,000.00
activities
Cash paid for settling debts 230,000,000.00 30,000,000.00
Cash paid for dividend and profit
11,040,179.19 3,194,917.92
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from
241,040,179.19 33,194,917.92
financing activities
Net cash flows arising from financing
-11,040,179.19 338,465,082.08
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -876.21 -1,583.93
exchange rate
V. Net increase of cash and cash
-110,757,910.39 264,056,849.06
equivalents
Add: Balance of cash and cash
766,041,463.01 148,223,551.05
equivalents at the period -begin
VI. Balance of cash and cash
655,283,552.62 412,280,400.11
equivalents at the period -end
29
深圳南山热电股份有限公司 2019 年第一季度报告全文
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new financial
instrument rules, new revenue rules and new leasing rules
□Applicable √Not applicable
2. Retrospective adjustment of the comparative data for initial implementation of new financial instrument
rules and new leasing rules
□Applicable √Not applicable
III. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.
30
