深圳南山热电股份有限公司 2017 年半年度报告摘要
Stock Code: 000037, 200037 Notice No.: 2017-047
Short Form of the Stock: Shen Nandian A, Shen Nandian B
Shenzhen Nanshan Power Co., Ltd.
Summary of Semi-Annual Report 2017
I. Important Notice
The summary is abstract from full-text of semi-annual report, for more details of operating results, financial condition and future
development plan of the Company; investors should found in the full-text of semi-annual report that published on media appointed
by CSRC.
Other directors attending the Meeting for semi-annual report deliberation except for the followed
Name of director absent Title for absent director Reasons for absent Attorney
Zhou Qun Director Work Yu Chunling
Liao Nangang Independent director Work Pan Chengwei
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting
period
□ Applicable √ Not applicable
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve.
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable √ Not applicable
II. Company profile
1. Company Profile
Short form of the stock Shen Nandian A, Stock code 000037, 200037
Shen Nandian B
Stock exchange for listing Shenzhen Stock Exchange
Person/Way to contact Secretary of the Board Rep. of security affairs
Name Zhang Jie Jiang Yuanyuan
16/F-17/F, Hantang Building, OCT, Nanshan 16/F-17/F, Hantang Building, OCT, Nanshan
Office add.
District, Shenzhen, Guangdong Province District, Shenzhen, Guangdong Province
Tel. 0755-26948888 0755-26948888
深圳南山热电股份有限公司 2017 年半年度报告摘要
E-mail investor@nspower.com.cn investor@nspower.com.cn
2. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √ No
Increase/decrease in this
Current period Same period of last year
report y-o-y
Operating revenue (RMB) 872,962,697.33 697,688,267.08 25.12%
Net profit attributable to shareholders of
-22,629,201.38 -56,454,746.24 -59.92%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting -25,113,210.11 -66,068,598.18 -61.99%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
-65,448,855.27 183,680,275.33 -135.63%
activities (RMB)
Basic earnings per share (RMB/Share) -0.04 -0.09 -55.56%
Diluted earnings per share (RMB/Share) -0.04 -0.09 -55.56%
Weighted average ROE -1.30% -10.96% -88.14%
Increase/decrease in this
End of current period End of last period report-end over that of last
period-end
Total assets (RMB) 3,043,070,710.89 4,363,703,614.03 -30.26%
Net assets attributable to shareholder of
1,920,084,701.54 1,942,713,902.92 -1.16%
listed company (RMB)
3. Number of shares and shares held
In Share
Total preference shareholders
Total common stock shareholders in with voting rights recovered at
30,717
reporting period-end end of reporting period (if
applicable)
Top ten shareholders
Number of share
Full name of Nature of Proportion of Shareholding
Amount of restricted shares held pledged/frozen
Shareholders shareholder shares held numbers
State of share Amount
HONG KONG
NAM HOI Overseas
15.28% 92,123,248
(INTERNATIO corporate
NAL) LTD
Shenzhen
Guangju State-owned
12.22% 73,666,824
Industrial Co., corporate
Ltd.
SHENZHEN
ENERGY State-owned
10.80% 65,106,130
(GROUP) CO., corporate
LTD.
深圳南山热电股份有限公司 2017 年半年度报告摘要
BOCI
Overseas
SECURITIES 1.54% 9,298,627
corporate
LIMITED
National
Council for
Other 1.29% 7,804,100
Social Security
Fund – 604
Domestic
Zeng Ying 1.00% 6,049,070
nature person
China
Merchants State-owned
0.93% 5,612,824
Securities (HK) corporate
Co., Limited
Domestic
Zhang Heping 0.83% 5,025,900
nature person
GUOTAI
JUNAN
Overseas
SECURITIES( 0.65% 3,906,540
corporate
HONGKONG)
LIMITED
Domestic
Li Baoqin 0.59% 3,558,514
nature person
1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED100% held by
Explanation on associated
SHENZHEN ENERGY (GROUP) CO., LTD
relationship among the aforesaid
2. The Company is unknown whether there exists associated relationship or belongs to the
shareholders
consistent actor among the other shareholders.
Shareholders involving margin
N/A
business (if applicable)
4. Changes of controlling shareholders or actual controller
Changes of controlling shareholders in reporting period
□ Applicable √ Not applicable
Changes of controlling shareholders had no change in reporting period.
Changes of actual controller in reporting period
□ Applicable √ Not applicable
Changes of actual controller in reporting period had no change in reporting period.
5. Total preferred stock shareholders of the Company and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable
No preferred stock in reporting period.
6. Corporation Bonds
Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date when
annual report approved for released or fail to cash in full on due
No
深圳南山热电股份有限公司 2017 年半年度报告摘要
III. Discussion and analysis by the Management Team
1. Introduction of operation in the reporting period
Dose the Company need to comply with disclosure requirements of the special industry
No
In the first half of 2017, China's macro economy continued a steady development trend, the supply side structural
reform, economic transformation development, and innovation development were gradually presenting their
effects, the energy structure continued to be optimized, the pace of transformation was accelerated, and the
development quality and efficiency was constantly improved. The industrial economy of Guangdong province
maintained the stability, the electricity demand kept a steady growth, and the electricity supply and demand was
overall balanced. According to the statistics and analysis of relevant departments, from January to June, the total
electricity consumption of the whole province reached 268.2 billion KWH, an increase of 4.6% on a year-on-year
basis. However, due to the large increase in power generation capacity of the thermal power generating units, the
new capacity continued to increase, the total quantity of electricity overall power was in surplus, the monthly
centralized trading of electric power generation side had intense competition, the whole province's peak demand
for gas turbine power generation was limited, so the gas turbine power generation was still subject to large
restrictions. Although the company turned losses into gains in 2016 through the implementation of major asset
sales, which improved the company's asset quality and financial situation to a certain extent, the company's main
business and operating conditions did not fundamentally change. As a power company taking gas turbine power
generation as the main business, the company was still facing enormous pressure in production and operation
under the influence of still high fuel costs, limits in electric power generation, and other industrial common
problems.
During the reporting period, by taking the legitimate and standard operation and safety and environmental
protection as the premise and the improvement of management efficiency as the core objective, the company
orderly promoted all work as planned: the first is to pay close attention to safety production and environmental
and economic operation of subordinate power plants, and achieve the safe \"four no\" and environmental standards;
the second is to actively participate in the bilateral consultation transactions and monthly centralized competitive
transactions of the electricity market in Guangdong province so as to maximumly promote the production
efficiency; the third is to closely follow the national fiscal and monetary policy, broaden the financing channels,
optimize the assets and debt structure, and guarantee the company's capital chain security; the fourth is to
comprehensively carry out the cost-effective activities to further reduce the costs and strive to improve the
profitability of main business; the fifth is to cooperate with the government departments and related units to carry
out the preliminary work of land acquisition and storage, and make the greatest efforts to protect the interests of
shareholders and employees; the sixth is to seriously study the industrial policy, regulatory policies and industry
dynamics, combine with the national power system reform and energy structure optimization, actively look for
development opportunities of new projects related to the main business, and strive to explore approaches for the
company’s going concern and healthy development.
During the reporting period, the company did everything possible to improve the profitability of main business
深圳南山热电股份有限公司 2017 年半年度报告摘要
and strived to improve the company's operating conditions, but the electricity price could not completely cover the
operating costs, resulting in an operating loss in the first half year. In the first half of 2017, the company achieved
operating income of RMB 872,962,700, net profit of RMB -22,629,000 attributable to shareholders of listed
companies, earnings per share of RMB -0.04, reduced losses of about 59% on a year-on-year basis.
2. Relevant items involving financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method
compared with the financial report of last fiscal period
√Applicable □ Not applicable
1. Explaination on change of accounting policy
Changes in accounting policies caused by the implementation of new Accounting Standards for Business Enterprises
On April 28, 2017, the Ministry of Finance issued the Accounting Standards for Business Enterprises No. 42 - Non-current Assets,
Disposal Group, and Discontinued Operation Held for Sale, which has been implemented in all enterprises that carry out the
Accounting Standards for Business Enterprises from May 28, 2017. On May 10, 2017, the Ministry of Finance revised the
Accounting Standards for Business Enterprises No. 16 - Government Subsidy, which has been implemented in all enterprises that
carry out the Accounting Standards for Business Enterprises from June 12, 2017. In accordance with the requirements of the Ministry
of Finance, the company has revised the company's major accounting policies accordingly. The major accounting policy changes
adopted in the current financial reports have been approved by the resolution of the 19th extraordinary meeting of the 7th Board of
Directors and the 12th extraordinary meeting of the 7th Board of Supervisors on August 3, 2017.The changes have no major impact on
the financial statement of the Company.
2. Explaination on change of accounting estimates
No changes in the period
(2) Major accounting errors within reporting period that needs retrospective restatement
□ Applicable √ Not applicable
No major accounting errors within reporting period that needs retrospective restatement for the Company in reporting period.
(3) Particulars about the change of consolidation range compared with the financial report of last fiscal
period
□ Applicable √ Not applicable
The Company had no particular about the change of consolidation range compared in reporting period.
