2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Stockcode: 000037, 200037 StockAbbreviations:ShennandianA,ShennandianB Announcement No.: 2023-043
Shenzhen Nanshan Power Co., Ltd.
2023 Third Quarter Report
The Company and all members of the Board of Directors guarantee that the Quarterly Report contains
no misrepresentations, misleading statements or material omissions
Important notes:
1. The Board of Directors, the Board of Supervisors, all directors, supervisors and senior officers of the
Company guarantee that the Quarterly Report contains no misrepresentations, misleading statements
or material omissions, and take all responsibilities, individual and/or joint, for the reality, accuracy and
completion of the whole contents.
2. The legal representative, the chief finance officer and the chief accountant declared that they
guaranteed the authenticity, accuracy and completeness of the financial information in the quarterly
report.
3. Whether the Q3 report has been audited
Yes No
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2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
I. Main financial data
(I) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
Yes No
Increase/decrease
from the beginning
Increase/decrease From the
of the year to the
in the reporting beginning of the
end of the
Current period period compared year to the end of
reporting period
with the same the reporting
compared with the
period last year period
same period last
year
Operating income
182,838,205.80 -38.40% 454,106,390.85 -13.68%
(yuan)
Net profit attributable
to the shareholders of
8,482,149.79 117.50% -28,758,589.77 79.83%
the listed
company (yuan)
Net profit attributable
to the shareholders of
the listed
company after 2,109,131.54 103.21% -52,768,199.09 72.69%
deducting non-
recurring profit and
loss (yuan)
Net cash flows from
operating activities — — -119,379,688.05 -154.52%
(yuan)
Basic earnings per
0.0141 117.54% -0.0477 79.83%
share (yuan/share)
Diluted earnings per
0.0141 117.54% -0.0477 79.83%
share (yuan/share)
An increase of An increase of
Weighted average
0.60% 3.84 percentage -2.00% 7.23 percentage
ROE
points points
Increase/decrease at the end of this
End of the End of previous
reporting period compared with the
reporting period year
end of last year
Total assets (yuan) 1,974,359,583.85 2,606,216,345.99 -24.24%
Owner's equity
attributable to the
1,426,871,612.95 1,455,129,894.84 -1.94%
shareholders of the
listed company (yuan)
(II) Non-recurring profit and loss items and amounts
Applicable □ Not applicable
Unit: Yuan
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2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Amount from the
Amount in the current beginning of the year to
Item Notes
reporting period the end of the reporting
period
Gains/losses from the
disposal of non-current
asset (including the -1,428.41 104,593.20
write-off that accrued for
impairment of assets)
Governmental subsidy
calculated into current
gains and losses (while
closely related with the
normal business of the Mainly due to
Company, the government subsidies
government subsidy that related to income and
5,517,460.89 9,582,732.15
accord with the apportionment of
provision of national government subsidies
policies and are related to assets
continuously enjoyed in
line with a certain
standard quota or
quantity are excluded)
Gains/losses of fair
value changes arising
from holding of the
trading financial asset,
trading financial liability
and investment earnings
obtained from disposing
Mainly due to
the trading financial
investment income
asset, trading financial 634,294.54 9,976,802.45
obtained from trading
liability, and financial
financial assets
assets available for
sale, except for the
effective hedging
business related to
normal operation of the
Company
Other non-operating
income and expenses Mainly due to power
235,283.04 5,229,161.50
other than those outage compensation
mentioned above
Less: Effect of minority
12,591.81 883,679.98
interests (after tax)
Total 6,373,018.25 24,009,609.32 --
Specific circumstances of other profit or loss items that meet the definition of non-recurring profit or
loss:
Applicable Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the
Company.
Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit
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2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
(gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss
Applicable Not applicable
There are no 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.
(III) Situation and reasons for changes in key accounting data and financial indexes
Applicable Not applicable
Percenta
Items of the September 30,
January 1, 2023 ge of Changes
balance sheet 2023
change
Mainly due to the increase in debt
Cash and cash
283,935,426.94 675,496,266.40 -57.97% repayment and purchase of
equivalents
negotiable certificates of deposit
Mainly due to the redemption of
Financial assets
100,000,000.00 440,013,571.10 -77.27% existing financial products upon
held for trading
maturity
Advances to Mainly due to the decrease in
30,206,523.48 45,448,287.86 -33.54%
suppliers prepaid natural gas payments
Mainly due to the increase in
Other current
298,718,693.86 188,248,840.44 58.68% purchase of negotiable certificates of
assets
deposit
Mainly due to increased investment
Construction in
6,927,455.04 4,861,062.16 42.51% in information construction projects
progress
and smart photovoltaic projects
Mainly due to the depreciation of
Right-of-use
3,627,114.29 7,707,617.90 -52.94% right-of-use assets over their useful
assets
lives
Long-term Mainly due to amortization of the
deferred 846,130.84 1,219,129.18 -30.60% long-term deferred expenses
expenses according to the use period
Mainly due to the recovery of
Other non-
1,574,174.31 5,371,398.18 -70.69% retention deposits receivable for
current assets
engineering projects
Mainly due to optimization of the
Short-term
312,042,732.52 879,957,857.44 -64.54% financing structure and reduction of
borrowings
the scale of short-term borrowings
Mainly due to the maturity of notes
Notes payable 37,374,309.54 137,298,902.17 -72.78%
payable and the reduction of debt
Accounts Mainly due to the increase in natural
9,567,795.60 5,227,836.22 83.02%
payable gas payments payable
Mainly due to the increase in value-
Taxes payable 10,750,845.42 5,107,666.73 110.48%
added tax payable
Mainly due to optimization of the
Long-term
104,756,562.43 28,019,758.68 273.87% financing structure and increase in
borrowings
long-term borrowing scale
Mainly due to non-current liabilities
Lease liabilities 0.00 2,262,160.03 -100.00% that have been reported due within
one year under the current lease
4
2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
contract
Item of the
From January to From January to YoY
income Changes
September 2023 September 2022 change
statement
Mainly due to the dynamic
adjustment of existing inventory and
decrease of power generation based
Operating
454,106,390.85 526,047,208.84 -13.68% on the node electricity price, with the
income
goal of maximizing the
comprehensive income of power
business
Mainly due to the decrease in
natural gas consumption caused by
the reduction in power generation
and the reduction of the fuel
Operating costs 443,453,657.23 630,962,703.50 -29.72%
procurement cost as a result of
strengthened matching management
of gas and electricity and expanded
fuel procurement channels.
Mainly due to the loss reduction and
G&A expenses 54,940,136.38 62,895,143.67 -12.65% consolidated expense control of the
company
Mainly due to optimization of the
Financial financing structure, compression of
4,398,778.19 24,034,299.50 -81.70%
expenses the financing scale, and reduction of
the financial expenses
Mainly due to the increase in
government subsidies related to
Other income 9,582,732.15 7,158,020.64 33.87%
income received in the current
period
Mainly due to the decrease in the
Investment
21,844,319.50 50,062,793.74 -56.37% investment scale of trading financial
income
assets
Statement of
From January to From January to YoY
cash flows Changes
September 2023 September 2022 change
items
Net cash flows Mainly due to the receipt of value-
from operating -119,379,688.05 218,956,576.20 -154.52% added tax refund (nil in this year) in
activities the same period last year
Mainly due to the increase in cash
inflows from investing activities in
Net cash flows wealth management products
from investing 246,981,722.03 -316,382,476.95 178.06% recovered in the current period, and
activities the decrease in investment in wealth
management products paid during
the same period
Net cash flows Mainly due to optimization of
-504,756,492.07 112,444,619.76 -548.89%
from financing financing structure and reduction of
5
2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
activities financing scale
Mainly due to optimization of the
Net increase in financing structure, compression of
cash and cash -377,016,355.14 15,657,331.44 -2507.92% financing scale and the significant
equivalents YoY decrease in net cash flows from
financing activities.
II. Shareholder information
(I) Table of the total number of ordinary shares stockholders and the number of preferred shares
stockholders with restored voting rights, as well as the shareholding status of the top ten
stockholders
Unit: shares
Total number of ordinary Total number of preferred shareholders
shares shareholders at the 55,028 whose voting rights were restored as at the 0
end of the reporting period end of the reporting period (if any)
Shareholding by the top 10 shareholders
Number of Pledge, marking or
shares freezing
Nature of Sharehol Number of held with
Name of shareholders
shareholders ding ratio shares held restrictive Status of
conditions shares Quantity
for sales
HONG KONG NAM
HOI Overseas legal
15.28% 92,123,248
(INTERNATIONAL) person
LTD.
Shenzhen Guangju State-owned
12.22% 73,666,824
Industrial Co., Ltd. legal person
Shenzhen Energy State-owned
10.80% 65,106,130
Group Co., Ltd. legal person
BOCI SECURITIES Overseas legal
2.02% 12,187,448
LIMITED person
Domestic natural
Zeng Ying 1.19% 7,159,600
persons
China Merchants
Overseas legal
Securities (HK) Co., 0.88% 5,315,354
person
Ltd.
Domestic non-
Meiyi Investment Real
state-owned 0.87% 5,223,200
Estate Co., Ltd.
legal person
Haitong
International Overseas legal
0.65% 3,908,357
Securities Company person
Limited-Account Client
Domestic natural
Huang Yilong 0.64% 3,866,500
persons
LISHERYNZHANMIN Domestic natural
0.56% 3,387,970
G persons
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2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Shareholdings of the top 10 shareholders without sales restriction
Number of shares held Types and numbers
Name of shareholders without restrictive
conditions for sales Type of shares Quantity
Foreign shares
HONG KONG NAM HOI
92,123,248 listed 92,123,248
(INTERNATIONAL) LTD.
domestically
RMB ordinary
Shenzhen Guangju Industrial Co., Ltd. 73,666,824 73,666,824
shares
RMB ordinary
Shenzhen Energy Group Co., Ltd. 65,106,130 65,106,130
shares
Foreign shares
BOCI SECURITIES LIMITED 12,187,448 listed 12,187,448
domestically
Foreign shares
Zeng Ying 7,159,600 listed 7,159,600
domestically
Foreign shares
China Merchants Securities (HK) Co., Ltd. 5,315,354 listed 5,315,354
domestically
RMB ordinary
Meiyi Investment Real Estate Co., Ltd. 5,223,200 5,223,200
shares
Haitong
Foreign shares
International
3,908,357 listed 3,908,357
Securities Company Limited-Account
domestically
Client
RMB ordinary
Huang Yilong 3,866,500 3,866,500
shares
Foreign shares
LISHERYNZHANMING 3,387,970 listed 3,387,970
domestically
1. Shenzhen Energy Group Co., Ltd. holds 100% equity
interest in HONG KONG NAM HOI (INTERNATIONAL)
Explanation of the association of the LTD.
above shareholders or concerted actions 2. The company does not know whether the above-
mentioned other public shareholders have any
association or are persons acting in concert.
Notes on the participation of the top 10
N/A
shareholders in margin trading (if any)
(II) Total preferred shareholders of the Company and shareholding statement of the top 10
preferred shareholders
□ Applicable Not applicable
III. Other important matters
Applicable Not applicable
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2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
IV. Quarterly financial statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Shenzhen Nanshan Power Co., Ltd.
Unit: Yuan
Item September 30, 2023 January 1, 2023
Current assets:
Cash and cash equivalents 283,935,426.94 675,496,266.40
Deposit reservation for balance
Lending funds
Financial assets held for trading 100,000,000.00 440,013,571.10
Derivative financial assets
Notes receivable
Accounts receivable 158,861,523.91 135,833,492.64
Receivables financing
Advances to suppliers 30,206,523.48 45,448,287.86
Premiums receivable
Reinsurance accounts receivable
Reinsurance contract reserves
receivable
Other receivables 22,714,261.08 18,314,003.84
Including: interest receivable
Dividends receivable
Financial assets purchased
under resale agreements
Inventories 86,337,214.75 85,279,298.35
Contract assets 277,656.29 217,009.58
Assets held for sale
Non-current assets due within
one year
Other current assets 298,718,693.86 188,248,840.44
Total current assets 981,051,300.31 1,588,850,770.21
Non-current assets:
Loans and advances to
customers
Creditors' investments
Other creditors' investments
Long-term receivables
Long-term equity investments 85,408,859.16 83,496,098.24
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2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Other investments in equity
300,615,000.00 300,615,000.00
instruments
Other non-current financial
assets
Investment properties 1,706,761.00 1,833,344.20
Fixed assets 572,131,487.29 591,290,204.31
Construction in progress 6,927,455.04 4,861,062.16
Productive biological assets
Oil and gas assets
Right-of-use assets 3,627,114.29 7,707,617.90
Intangible assets 19,298,935.12 19,799,355.12
Development expenses
Goodwill
Long-term deferred expenses 846,130.84 1,219,129.18
Deferred income tax assets 1,172,366.49 1,172,366.49
Other non-current assets 1,574,174.31 5,371,398.18
Total non-current assets 993,308,283.54 1,017,365,575.78
Total assets 1,974,359,583.85 2,606,216,345.99
Current liabilities:
Short-term borrowings 312,042,732.52 879,957,857.44
Borrowings from central bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 37,374,309.54 137,298,902.17
Accounts payable 9,567,795.60 5,227,836.22
Advances from customers
Contract liabilities
Financial assets sold under
repurchase agreements
Deposits from customers and
interbank
Receivings from vicariously
traded securities
Receivings from vicariously sold
securities
Employee compensation payable 30,029,699.52 29,296,815.07
Taxes payable 10,750,845.42 5,107,666.73
Other payables 16,985,607.27 22,997,466.80
Including: interests payable
Dividends payable
Handling charges and
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2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within
4,020,157.36 6,014,119.95
one year
Other current liabilities 21,600.00
Total current liabilities 420,771,147.23 1,085,922,264.38
Non-current liabilities:
Reserves for insurance contracts
Long-term borrowings 104,756,562.43 28,019,758.68
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities 2,262,160.03
Long-term payables
Long-term employee
compensation payable
Estimated liabilities 15,000,000.00 15,000,000.00
Deferred income 77,385,155.28 82,145,596.60
Deferred income tax liabilities
Other non-current liabilities 45,112.54 47,511.72
Total non-current liabilities 197,186,830.25 127,475,027.03
Total liabilities 617,957,977.48 1,213,397,291.41
Owner's equity:
Share capital 602,762,596.00 602,762,596.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital reserves 362,770,922.10 362,770,922.10
Less: treasury stock
Other comprehensive income -2,500,000.00 -2,500,000.00
Special reserves 500,307.88
Surplus reserves 332,908,397.60 332,908,397.60
General risk reserves
Undistributed profit 130,429,389.37 159,187,979.14
Total equity attributable to the
1,426,871,612.95 1,455,129,894.84
owners of the parent company
Minority equity -70,470,006.58 -62,310,840.26
Total owner's equity 1,356,401,606.37 1,392,819,054.58
Total liabilities and owner's equity 1,974,359,583.85 2,606,216,345.99
Legal representative: Kong Guoliang Chief finance officer: Chen Yuhui Finance director: Zhang
10
2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Xiaoyin Chief accountant: Lin Xiaojia
2. Consolidated income statement from the beginning of the year to the end of the reporting
period
Unit: Yuan
Amount incurred in current Amount incurred in current
Item
period period
I. Total operating income 454,106,390.85 526,047,208.84
Including: operating income 454,106,390.85 526,047,208.84
Interest income
Premiums earned
Income from handling charges
and commissions
II. Total operating costs 527,768,982.12 743,588,397.18
Including: operating costs 443,453,657.23 630,962,703.50
Interest expense
Handling charges and
commissions expenses
Surrender value
Net amount of compensation
payout
Net amount of reserves for
reinsurance contract
Policy dividends
Reinsurance costs
Taxes and surcharges 2,648,996.33 3,476,215.67
Selling and distribution expenses 1,915,968.03
G&A expenses 54,940,136.38 62,895,143.67
R&D expenses 20,411,445.96 22,220,034.84
Financial expenses 4,398,778.19 24,034,299.50
Including: interest expense 15,278,935.73 30,821,445.12
Interest income -11,230,162.67 -6,508,173.81
Plus: other incomes 9,582,732.15 7,158,020.64
Investment income (loss
21,844,319.50 50,062,793.74
indicated by “-”)
Including: investment income to
3,127,310.92 -2,066,508.47
associates and joint ventures
Recognized gain of financial
assets calculated based on
amortized cost at end of period
Exchange gain (loss indicated by
"-")
Net exposure hedging gain (loss
indicated by "-")
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2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Gains from changes in fair value
(loss indicated by "-")
Loss from credit impairment (loss
indicated by “-”)
Asset impairment loss (loss
indicated by “-”)
Profit from disposal of assets
96,847.39
(loss indicated by "－")
III. Operating profits (losses are
-42,138,692.23 -160,320,373.96
listed with "-")
Plus: non-operating income 5,237,497.33
Less: non-operating expenses 16,081.64 281,675.07
4. Total profit (total losses are
-36,917,276.54 -160,602,049.03
listed with "-")
Less: income tax expenses 479.55
V. Net profit (net loss indicated
-36,917,756.09 -160,602,049.03
by “-”)
(I) Classified as per business
continuity
1. Net profit from continuing
operation (net loss indicated by -36,917,756.09 -160,602,049.03
“-”)
2. Net profit from discontinuing
operations (net loss indicated by
“-”)
(II) Classified as per attribution of
ownership
1. Net profit attributable to
shareholders of the parent
-28,758,589.77 -142,579,668.91
company (net losses are listed
with "-")
2. Minority interest income (net
-8,159,166.32 -18,022,380.12
losses are listed with "-")
VI. After-tax net of other
comprehensive incomes
After-tax net of other
comprehensive incomes
attributable to owners of the
parent company
(I) Other comprehensive
incomes which cannot be
reclassified into the profit and
loss in future
1. Change due to re-
measurement of defined benefit
plans
2. Other comprehensive incomes
which cannot be reclassified into
the profit and loss under the
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2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Equity Method
3. Changes in fair value caused
by other equity instrument
investments
4. Change in fair value of
enterprise credit risk
5. Miscellaneous
(II) Other comprehensive
incomes which will be
reclassified into the profit and
loss in future
1. Other comprehensive incomes
that can be reclassified into the
profit and loss under the Equity
Method
2. Changes in fair value of other
debt investments
3. Amount included in other
comprehensive income after
reclassification of financial
assets
4. Credit impairment reserve of
other debt investments
5. Cash flow hedge reserve
6. Translation differences in
foreign currency financial
statements
7. Miscellaneous
After-tax net of other
comprehensive incomes
attributable to minority
shareholders
VII. Total comprehensive income -36,917,756.09 -160,602,049.03
(I) Total comprehensive income
attributable to owners of the -28,758,589.77 -142,579,668.91
parent company
(II) Total comprehensive income
attributable to minority -8,159,166.32 -18,022,380.12
shareholders
VIII. Earnings per share:
(I) Basic earnings per share -0.0477 -0.2365
(II) Diluted earnings per share -0.0477 -0.2365
In case of the business combination under the same control during the current period, the net profit
realized by the combined party before the combination was 0.00 yuan, and the net profit realized by the
combined party in the previous period was 0.00 yuan.
Legal representative: Kong Guoliang Chief finance officer: Chen Yuhui Finance director: Zhang
Xiaoyin Chief accountant: Lin Xiaojia
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2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
3. Consolidated statement of cash flows from the beginning of the year to the end of the
reporting period
Unit: Yuan
Amount incurred in current Amount incurred in current
Item
period period
I. Cash flows from operating
activities:
Net increase in deposits from
customers and due from banks 493,260,030.74 511,824,244.17
and other financial institutions
Net increase in customer bank
deposits and placement from
banks and other financial
institutions
Net increase in borrowings from
the central bank
Net increase in loans from other
financial institutions
Cash received from premium of
original insurance contract
Net cash received from
reinsurance business
Net increase in deposits and
investments from policyholders
Cash received from interest,
handling charges and
commissions
Net increase in loans from banks
and other financial institutions
Net increase in capital from
repurchase business
Net cash received from
vicariously traded securities
Refunds of taxes and surcharges 31,608.88 326,068,386.00
Cash received from other
44,622,787.85 51,126,014.48
operating activities
Sub-total of cash inflows from
537,914,427.47 889,018,644.65
operating activities
Cash paid for goods purchased
519,478,157.92 531,846,641.95
and services received
Net increase in loans and
advances to customers
Net increase in deposits in
central bank and other banks
and financial institutions
Cash paid for original insurance
contract claims
Net increase in loans to banks
14
2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
and other financial institutions
Cash paid for interest, handling
charges and commissions
Cash paid for policy dividends
Cash paid to and for employees 82,601,196.17 95,805,295.46
Cash paid for taxes and
22,130,212.52 13,363,876.54
surcharges
Cash paid for other operating
33,084,548.91 29,046,254.50
activities
Sub-total of cash outflows from
657,294,115.52 670,062,068.45
operating activities
Net cash flows from operating
-119,379,688.05 218,956,576.20
activities
II. Cash flows from investing
activities:
Cash received from disposal of
330,010,220.37
investments
Cash received from returns on
29,934,911.51 42,360,748.95
investments
Net cash received from disposal
of fixed assets, intangible assets 550,880.00
and other long-term assets
Net cash received from disposal
of subsidiaries and other
business units
Cash received from other
investing activities
Sub-total of cash inflows from
360,496,011.88 42,360,748.95
investing activities
Cash paid for acquiring and
constructing fixed assets,
3,514,289.85 2,813,951.29
intangible assets and other long-
term assets
Cash paid for investments 355,929,274.61
Net increase in pledged loans
Net cash paid to acquire
subsidiaries and other business
units
Cash paid for other investing
110,000,000.00
activities
Sub-total of cash outflows from
113,514,289.85 358,743,225.90
investing activities
Net cash flows from investing
246,981,722.03 -316,382,476.95
activities
III. Cash flows from financing
activities:
Cash received from investors
15
2023 Third Quarter Report of Shenzhen Nanshan Power Co., Ltd.
Including: cash received by
subsidiaries from investments by
minority shareholders
Cash received from borrowings 351,093,926.90 1,021,949,358.06
Cash received from other
5,440,434.23
financing activities
Sub-total of cash inflows from
356,534,361.13 1,021,949,358.06
financing activities
Cash paid for debt repayments 847,756,445.98 897,247,723.08
Cash paid for distribution of
dividends and profits or payment 9,643,602.15 12,257,015.22
of interests
Including: dividends and profits
paid to minority shareholders by
subsidiaries
Cash paid for other financing
3,890,805.07
activities
Sub-total of cash outflows from
861,290,853.20 909,504,738.30
financing activities
Net cash flows from financing
-504,756,492.07 112,444,619.76
activities
Ⅳ. Effect of fluctuation in
exchange rate on cash and cash 138,102.95 638,612.43
equivalents
V. Net increase in cash and cash
-377,016,355.14 15,657,331.44
equivalents
Plus: beginning balance of cash
648,021,672.06 689,604,633.59
and cash equivalents
VI. Ending balance of cash and
271,005,316.92 705,261,965.03
cash equivalents
Legal representative: Kong Guoliang Chief finance officer: Chen Yuhui Finance director: Zhang
Xiaoyin Chief accountant: Lin Xiaojia
(II) Adjustments to relevant items in financial statements at the beginning of the year when the
new accounting standards are implemented for the first time in 2023.
Applicable Not applicable
(III) Audit report
Whether the Q3 report has been audited
Yes No
The Company's Q3 report hasn't been audited.
Board of Directors of Shenzhen Nanshan Power Co., Ltd.
October 27, 2023
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