Stock Code: 000037, 200037 Notice No.: 2018-026 Short Form of the Stock: Shen Nandian A, Shen Nandian B
Shenzhen Nanshan Power Co., Ltd.
Summary of Semi-Annual Report 2018
I. Important Notice
The summary is abstract from full-text of semi-annual report, for more details of operating results, financial condition and futuredevelopment plan of the Company; investors should found in the full-text of semi-annual report that published on media appointedby CSRC.Objection statement of directors, supervisors and senior executives
| Name | Position | Content and reason |
StatementOther 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 |
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 reportingperiod
□ 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, Shen Nandian B | Stock code | 000037, 200037 | |
| Stock exchange for listing | Shenzhen Stock Exchange | |||
| Person/Way to contact | Secretary of the Board | Rep. of security affairs | ||
| Name | Zhang Jie | |||
| Office add. | 16/F-17/F, Hantang Building, OCT, Nanshan District, Shenzhen, Guangdong Province | |||
| Tel. | 0755-26003611 | |
| 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
| Current period | Same period of last year | Increase/decrease in this report y-o-y | |
| Operating revenue (RMB) | 1,079,760,214.80 | 872,962,697.33 | 23.69% |
| Net profit attributable to shareholders of the listed company (RMB) | 30,012,095.22 | -22,629,201.38 | -232.63% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 28,904,372.78 | -25,113,210.11 | -215.10% |
| Net cash flow arising from operating activities (RMB) | 52,590,634.28 | -65,448,855.27 | -180.35% |
| Basic earnings per share (RMB/Share) | 0.050 | -0.040 | -225.00% |
| Diluted earnings per share (RMB/Share) | 0.050 | -0.040 | -225.00% |
| Weighted average ROE | 1.46% | -1.30% | -212.31% |
| End of current period | End of last period | Increase/decrease in this report-end over that of last period-end | |
| Total assets (RMB) | 3,264,506,507.10 | 2,883,804,392.70 | 13.20% |
| Net assets attributable to shareholder of listed company (RMB) | 1,988,630,180.61 | 1,958,618,085.39 | 1.53% |
3. Number of shares and shares held
In Share
| Total common stock shareholders in reporting period-end | 30,739 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | ||||||
| Top ten shareholders | |||||||||
| Full name of Shareholders | Nature of shareholder | Proportion of shares held | Shareholding numbers | Amount of restricted shares held | Number of share pledged/frozen | ||||
| State of share | Amount | ||||||||
| HONG KONG NAM HOI (INTERNATIONAL) LTD | Overseas corporate | 15.28% | 92,123,248 | ||||||
| Shenzhen Guangju Industrial Co., Ltd. | State-owned corporate | 12.22% | 73,666,824 | ||||||
| SHENZHEN ENERGY | State-owned corporate | 10.80% | 65,106,130 | ||||||
| (GROUP) CO., LTD. | ||||||
| BOCI SECURITIES LIMITED | Overseas corporate | 1.44% | 8,690,627 | |||
| Zeng Ying | Domestic nature person | 1.14% | 6,878,096 | |||
| China Merchants Securities (HK) Co., Limited | State-owned corporate | 1.13% | 6,823,369 | |||
| Liu Fang | Domestic nature person | 0.93% | 5,604,273 | |||
| Meiyi Investment Property Co., Ltd. | Domestic non-state-owned corporate | 0.77% | 4,615,800 | |||
| Li Baoqin | Domestic nature person | 0.66% | 3,989,100 | |||
| Zhang Heping | Domestic nature person | 0.64% | 3,840,300 | |||
| Explanation on associated relationship among the aforesaid shareholders | 1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED100% held by SHENZHEN ENERGY (GROUP) CO., LTD 2. The Company is unknown whether there exists associated relationship or belongs to the consistent actor among the other shareholders. | |||||
| Shareholders involving margin business | Among the top ten shareholders, Ms. Liu Fang holds 2,659,373 shares through credit transaction guarantee securities account | |||||
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 withpreferred 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 whenannual report approved for released or fail to cash in full on dueNo
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 industryNo
In the first half of 2018, China’s macro-economy continued the overall smooth and stable development trend, the structural
adjustments were further advanced, the new and old kinetic energy continued to be transformed, and the quality and efficiencyimproved steadily. The economic operation of Guangdong Province is also steadily improving, and the main leading indicators of theindustrial economy are generally better than the same period last year. At the same time, since the beginning of this year, especiallythe middle of May, the continuous hot weather has increased the demand for electricity. According to the statistics and analysis of
relevant departments, from January to June, the whole province’s total electricity consumption reached 293.049 billion kwh, an
increase of 9.28% on a year-on-year basis, and the power demand grew rapidly. However, due to the tight supply of upstream gassources and the difficulty in purchasing incremental gas sources, gas turbine power plants have the risks of out of gas and outageduring the summer.During the reporting period, the Company overcame the pressure of shortage of gas, fierce market competition and aging equipment,
and continued to adhere to the “1+5” strategic roadmap as the guideline, took “focusing on benefits, increasing gas sources, andpromoting transformation” as the management policy, strived to improve the operational benefits of main business, continuously
improved the core competitiveness, and innovated and carried out a series of fruitful work, and achieved a year-on-year turnaround inoperating results. First is to pay close attention to the safety production, environmental protection and economic operation of
subordinate power plants, which achieved the safety “five no” and reached the environmental protection standards. Second is to set
up the electricity selling centers, while striving for the base electric quantity, the Company thoroughly studied the trading rules ofelectricity market in Guangdong Province and conscientiously formulated the trading strategies for contractual electricity quantitytransfer transactions and monthly concentrated bidding transactions to maximize the production efficiency. Third is to cooperate withShenzhen Gas Group Co., Ltd. to complete the construction of technical transformation project for ShenRan natural gas terminalstation of Nanshan Thermal Plant, and signed the Natural Gas Purchase and Sale Agreement with it, which not only broadened thesupply channels of natural gas but also eased the short supply of upstream gas sources. Fourth is to establish a fuel center, give fullplay to the advantages of large-scale procurement, and coordinate the procurement of natural gas in various power plants within the
system, which enhanced the Company’s bargaining power; Fifth is to establish a fund center which not only guaranteed the fund
security but also effectively saved the financial costs by strengthening the fund management within the system. The sixth is to
steadily promote the various wok of the “Shenzhen Blue” technical transformation project in the early stages according to the
relevant government policies, and strive to complete the upgrade of at least one set of low-nitrogen burners in accordance with the
requirements of the government. The seventh is to track the government’s policy dynamics and related work progress on the land ofQianhai and do its utmost to protect the interests of the Company’s shareholders and employees. The eighth is to further promote theCompany’s standardized operation level and management performance, we revised the Company’s “Articles of Association” and
other six corporate governance systems, formulated and improved relevant management regulations and business processes, and setup an information center to provide supports for further enhancing the management efficiency. Ninth is to strengthen the party
building work, and incorporate the relevant regulations of party building work into the “Articles of Association” to organically
combine the strengthening of party leadership with the improvement of corporate governance.During the reporting period, the Company achieved operating income of 107,976 million Yuan, net profit attributable to parentCompany amounted as 30.01 million Yuan, which increased 52.64 million Yuan over that of last period noted as (22.63) millionYuan, basic earnings per share comes to 0.05 Yuan.
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
(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 fiscalperiod
□ Applicable √ Not applicable
The Company had no particular about the change of consolidation range compared in reporting period.