Stock Code: 000037, 200037 Notice No.: 2020-041Short Form of the Stock: Shen Nan Dian A, Shen Nan Dian B
Shenzhen Nanshan Power Co., Ltd.
Summary of Semi-Annual Report 2020I. Important NoticeThe 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.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 Nan Dian A, Shen Nan Dian 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) | 518,150,606.21 | 408,124,616.38 | 26.96% |
| Net profit attributable to shareholders of the listed company (RMB) | 52,040,498.42 | -25,283,190.82 | -305.83% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 10,149,730.42 | -28,106,510.82 | -136.11% |
| Net cash flow arising from operating activities (RMB) | 69,936,561.46 | 56,217,376.89 | 24.40% |
| Basic earnings per share (RMB/Share) | 0.09 | -0.04 | -325.00% |
| Diluted earnings per share (RMB/Share) | 0.09 | -0.04 | -325.00% |
| Weighted average ROE | 0.51% | -1.43% | 1.94% |
| End of current period | End of last period | Increase/decrease in this report-end over that of last period-end | |
| Total assets (RMB) | 3,051,547,885.42 | 3,219,261,720.55 | -5.21% |
| Net assets attributable to shareholder of listed company (RMB) | 2,042,758,054.74 | 2,002,772,808.24 | 2.00% |
3. Number of shares and shares held
In Share
| Total common stock shareholders in reporting period-end | 23,874 | 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 Group Co., Ltd. | State-owned corporate | 10.80% | 65,106,130 | ||||||
| Gaohua－HSBC－GOLDMAN, SACHS & CO.LLC | Overseas corporate | 2.13% | 12,839,723 | ||||||
| BOCI SECURITIES LIMITED | Overseas corporate | 1.72% | 10,389,282 | ||||||
| Liu Fang | Domestic nature person | 1.70% | 10,237,134 | |||
| China Merchants Securities (HK) Co., Limited | State-owned corporate | 1.32% | 7,955,128 | |||
| Zeng Ying | Domestic nature person | 1.25% | 7,559,600 | |||
| Meiyi Investment Property Co., Ltd. | Domestic non-state-owned corporate | 0.87% | 5,216,700 | |||
| LI SHERYN ZHAN MING | Overseas nature person | 0.84% | 5,067,200 | |||
| Explanation on associated relationship among the aforesaid shareholders | 1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED are 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 (if applicable) | Among the top ten shareholders, Ms. Liu Fang holds 4, 031,688 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 dueNoIII. Discussion and analysis by the Management Team
1. Introduction of operation in the reporting period
In the first half of 2020, the sudden outbreak of novel coronavirus pneumonia brought an unprecedentedly huge impact on China andthe global economy. Affected by the novel coronavirus pneumonia epidemic, the demand for power in the whole society has shrunksharply. According to statistics from relevant departments, from January to June, the province’s total electricity consumption was
296.484 billion kWh, a year-on-year decrease of 2.07%.
Facing the dual test of the epidemic and the industry situation, the company withstood the pressure, forged ahead against the trend,strictly implemented the overall deployment and requirements of the Central Committee of the Communist Party of China, the StateCouncil, provincial, municipal, and district governments and higher-level units to respond to the epidemic, and earnestlyimplemented epidemic prevention and control work, while overcoming difficulties to do a good job in production and operationmanagement, and go all out to minimize the negative impact of the epidemic on the company. After the full resumption of work andproduction, the company intensified its efforts to take serious measures to safe production, stock operation and transformationdevelopment. On the premise of ensuring safety and epidemic prevention and control, the company has achieved good results inproduction, operation, and management.
The first was industrial coordination and strategic cooperation for common development. The company negotiated and transferredthe 70% equity of Shen Nan Dian Dongguan Company it held directly and indirectly to Shenzhen Gas and signed the ResourceStrategic Cooperation Agreement to give full play to the advantages of the two parties in terms of resources, technology, market andfacilities to achieve resource complementarity, enhance the overall competitiveness of both parties in their respective fields, andcreate conditions for the company to reduce burdens, increase efficiency and generate income, and seek transformation anddevelopment. The second was one factory one policy, and scientific marketing created good results. In the face of the difficultproduction situation that the demand for electricity in the society continued to be insufficient from February to April this year, on theone hand, the company paid close attention to improving the efficiency and reducing consumption of power generation equipment,and on the other hand, it adopted marketing measures such as market-based competition calculation models and "one factory onepolicy"marketing strategy, strived to seize market opportunities, and actively strived for more economic electricity share. At the sametime, through strategic cooperation and healthy competition, strived to minimize the cost of natural gas procurement. The third wascapital-driven, rejected the dross and assimilated the essence to seek transformation. Guided by the annual working ideas of activelyexploring advanced manufacturing, life and health, new-generation information technology, technology and finance and otherhigh-end manufacturing industry and innovative industry project resources and business fields, on the one hand, relying on theplatform advantages of major shareholders, it’s planned to participate in the investment of Yuanzhi Ruixin New GenerationInformation Technology Equity Investment Fund as a limited partner.On the other hand, extensively sought opportunities forhigh-quality projects and explored effective paths for transformation and development. The fourth was stability and long-termdevelopment, guaranteed long-term security to promote development. While doing a good job in fighting the novel coronaviruspneumonia epidemic, the company strived to lay a solid foundation for safe production, established and completed a series of safetyindex management and production guarantee systems, and further strengthened risk classification control and hidden dangerinvestigation and treatment. As of the end of this reporting period, the company has achieved a total of 5,895 days of safe production,creating a new situation with the best safety record in the company's history, the epidemic prevention and control work has alsoachieved phased results.During the reporting period, the Company has achieved a revenue in operation of 5181.5 million Yuan, the net profit attributable toshareholders of the listed company amounted as 52.04 million Yuan and basic EPS was 0.09 Yuan.
2. Relevant items involving financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation methodcompared with the financial report of last fiscal period
√Applicable □ Not applicable
On 5 July 2017, the Accounting Standards for Business Enterprises No.14- Revenue (hereinafter referred to as New RevenueStandard) was revised and issued by the Ministry of Finance. The New Revenue Standard requires the enterprises listed at home andaboard at the same time, as well as the enterprise listed aboard and prepare their financial reports using IFRS or accounting standards
for business enterprise, shall be implemented from 1 Jan. 2018; other listed enterprise at home shall be implemented from 1 Jan.2020. In view of this, the Company will implement the New Revenue Standard since 1 Jan. 2020.
After assessment, the implementation of New Revenue Standard will not lead to significant changes in the Company’s revenuerecognition, and has no significant impact on the financial status and operating results.
(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
On March 5 and March 23, 2020, the Eleventh Extraordinary Meeting of the Company’s Eighth Board of Directors and the 2020First Extraordinary General Meeting of Shareholders respectively reviewed and approved the Proposal on the Agreement to Transfer70% Equity of Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd.", agreeing to transfer 70% equity of Shen Nan DianDongguan Company directly and indirectly held by the company to Shenzhen Gas at a total price of 104.98 million yuan. On 10April 2020, we received a notice from Shen Nan Dian Dongguan Company, the alteration registration procedures for industry andcommerce has completed, and obtained the Business License issued by Dongguan Market Supervision & Administration Bureau andNotice of Approval of Registration of Change. After equity transfer completed, Shen Nan Dian Dongguan Company is no longerincluded in the consolidate scope of the Company.