深圳南山热电股份有限公司 2018 年第一季度报告全文
Shenzhen Nanshan Power Co., Ltd.
The First Quarterly Report 2018
2018-016
April 2018
深圳南山热电股份有限公司 2018 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.
深圳南山热电股份有限公司 2018 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.
Shen Nan Dian Zhongshan Company Refers to Shen Nan Dian (Zhongshan) Electric Power Co., Ltd.
Shen Nan Dian Dongguan Company Refers to Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd
Shen Nan Dian Engineering Company Refers to Shenzhen Shennandian Turbine Engineering Technology Co., Ltd.
Shen Nan Dian Envionment Protection
Refers to Shenzhen Shen Nan Dian Envionment Protection Co., Ltd.
Company
Server Company Refers to Shenzhen Server Petrochemical Supplying Co., Ltd
New Power Company Refers to Shenzhen New Power Industrial Co., Ltd.
Singapore Company Refers to Shen Nan Energy (Singapore) Co., Ltd.
Nanshan Power Factory Refers to Nanshan Power Factory of Shenzhen Nanshan Power Co., Ltd.
Zhongshan Nam Long Power Plant of Shen Nan Dian (Zhongshan)
Zhongshan Nam Long Power Plant Refers to
Electric Power Co., Ltd.
Dongguan Gaobu Power Plant of Shen Nan Dian (Dongguan) Weimei
Dongguan Gaobu Power Plant Refers to
Electric Power Co., Ltd
Syndisome Company Refers to Hong Kong Syndisome Co., Ltd.
NAM HOI Refers to HONG KONG NAM HOI (INTERNATIONAL) LTD.
Shen Energy Group Refers to Shenzhen Energy Co., Ltd.
Guangju Industrial Refers to Shenzhen Guangju Industrial Co., Ltd.
CSRC Refers to China Securities Regulatory Commission
Shenzhen Securities Regulatory Commission of China Securities
Securities regulatory bureau Refers to
Regulation Commission
SZ Stock Exchange, Exchange Refers to Shenzhen Stock Exchange
Company Law Refers to Company Law of The People’s Republic of China
Securities Law Refers to Securities Law of The People’s Republic of China
Stock Listing Rules Refers to Rules Governing the Listing of Stocks on Shenzhen Stock Exchange
Articles of association Refers to Article of Association of Shenzhen Nanshan Power Co., Ltd.
深圳南山热电股份有限公司 2018 年第一季度报告全文
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. 2018 to 31 Mar. 2018
深圳南山热电股份有限公司 2018 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) 403,525,942.67 318,755,094.24 26.59%
Net profit attributable to shareholders of
-10,927,762.57 -27,388,861.07 -60.10%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting -11,221,495.07 -28,843,829.49 -61.10%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-69,260,605.97 -213,153,838.55 -67.51%
activities(RMB)
Basic earnings per share (RMB/Share) -0.02 -0.05 -60.00%
Diluted earnings per share (RMB/Share) -0.02 -0.05 -60.00%
Weighted average ROE -0.57% -1.50% -62.00%
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) 3,172,002,817.41 2,883,804,392.70 9.99%
Net assets attributable to shareholder of
1,947,690,322.82 1,958,618,085.39 -0.56%
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
-786,877.44 Scrap loss of fixed assets
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
1,103,639.94
national standards, which are closely relevant to enterprise’s with assets concerned
business)
Other non-operating income and expenditure except for the
-8,000.00
aforementioned items
深圳南山热电股份有限公司 2018 年第一季度报告全文
Less: impact on income tax -6,111.78
Impact on minority shareholders’ equity (post-tax) 21,141.78
Total 293,732.50 --
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
Total common shareholders at the with voting rights recover at
33,019
end of report period the end of report period (if
applicable)
Top ten share-holding
Amount of Number of share
Nature of Proportion of Amount of
Shareholder’s name restricted shares pledged/frozen
shareholder shares held shares held
held State of share Amount
HONG KONG NAM HOI Overseas legal
15.28% 92,123,248
(INTERNATIONAL) LTD person
Shenzhen Guangju Industrial Co., State-owned
12.22% 73,666,824
Ltd. legal person
SHENZHEN ENERGY (GROUP) State-owned
10.80% 65,106,130
CO., LTD. legal person
Overseas legal
BOCI SECURITIES LIMITED 1.44% 8,690,627
person
Domestic nature
Liu Fang 1.23% 7,443,373
person
China Merchants Securities H.K. Co., State-owned
1.14% 6,896,669
Ltd. legal person
Domestic nature
Zeng Ying 1.14% 6,878,096
person
Meiyi Investment Property Co., Ltd. Domestic non 0.77% 4,615,800
深圳南山热电股份有限公司 2018 年第一季度报告全文
state legal
person
Domestic nature
Zhang Heping 0.76% 4,590,300
person
Domestic nature
Li Baoqin 0.66% 3,970,300
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
RMB common
Shenzhen Guangju Industrial Co., Ltd. 73,666,824 73,666,824
shares
RMB common
SHENZHEN ENERGY (GROUP) CO., LTD. 65,106,130 65,106,130
shares
Domestically
BOCI SECURITIES LIMITED 8,690,627 listed foreign 8,690,627
shares
RMB common
4,498,473
shares
Liu Fang 7,443,373 Domestically
listed foreign 2,944,900
shares
Domestically
China Merchants Securities H.K. Co., Ltd. 6,896,669 listed foreign 6,896,669
shares
Domestically
Zeng Ying 6,878,096 listed foreign 6,878,096
shares
RMB common
Meiyi Investment Property Co., Ltd. 4,615,800 4,615,800
shares
RMB common
3,350,000
shares
Zhang Heping 4,590,300 Domestically
listed foreign 1,240,300
shares
Domestically
Li Baoqin 3,970,300 937,000
listed foreign
深圳南山热电股份有限公司 2018 年第一季度报告全文
shares
Domestically
listed foreign 3,033,300
shares
1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED was
Explanation on associated relationship among held by SHENZHEN ENERGY (GROUP) CO., LTD
the aforesaid shareholders 2. Among other social public shareholders, the Company did not know whether
there were associated relationships or belonging to consistent actors.
Explanation on top 10 shareholders involving Among the top ten shareholders, Ms. Liu Fang holds 1,904,100 shares through
margin business (if applicable) 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
深圳南山热电股份有限公司 2018 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 689.2825 million Yuan at end of the period, an increase of 57.26% over that of period beginning, mainly due to
the revenue from electricity sales increased and bank loans increased;
2. Note receivable has 700,000 Yuan at end of the period, a decrease of 89.56% over that of period beginning, mainly due to the
decrease of note receivables;
3. Account receivable has 201.2928 million Yuan at end of the period, an increase of 77.59% over that of period beginning, mainly
due to receivable of revenue from electricity sales increased;
4. Other account receivable has 44.3135 million Yuan at end of the period, an increase of 14.29% over that of period beginning,
mainly due to the intercourse funds increased;
5. Construction in progress has 61.101million Yuan at end of the period, an increase of 19.90% over that of period beginning, mainly
due to the technical reform expenditure increased;
6. Other non-current assets have 22.8822 million Yuan at end of the period, a decrease of 30.51% over that of period beginning,
mainly because the account paid for construction and equipment in advance declined;
7. Short-term loans have 880.85 million Yuan at end of the period, an increase of 70.76% over that of period beginning, mainly
because short-term loans from the bank increased;
8. Note payable has 0.00 Yuan at end of the period, a decrease of 100% over that of period beginning, mainly because the notes are
due for payment;
9. Account payable has 11.3666 million Yuan at end of the period, a decrease of 24.70% over that of period beginning, mainly
because the payable for natural gas declined;
10. Taxes payable has 13.5665 million Yuan at end of the period, a decrease of 12.12% over that of period beginning, mainly because
the enterprise income tax for year of 2017 are paid in the period;
11. Interest payable have 3.4694 million Yuan at end of the period, an increase of 15.38% over that of period beginning, mainly
because loans from the bank increased;
12. Operation revenue has 403.5259 million Yuan in the period, an increase of 26.59% on a y-o-y basis, mainly due to the revenue
from electricity sales increased;
13. Operation cost has 385.0534 million Yuan in the period, an increase of 24.27% on a y-o-y basis, mainly because the costs
increased with the soaring electricity generation;
14. Tax and surcharge has 2.0314 million Yuan in the period, an increase of 25.06% on a y-o-y basis, mainly because the VAT
surcharge increased;
15. Sales expenses have 459,200 Yuan in the period, a decrease of 43.67% on a y-o-y basis, mainly because the sludge disposal fee
declined;
16. Financial expenses have 10.2822 million Yuan in the period, a decrease of 43.11% on a y-o-y basis, mainly because the loans
from the bank declined from a year earlier;
17. Non-operation revenue has 2000 Yuan in the period, a decrease of 99.87% on a y-o-y basis, mainly because according to the
accounting standards after changed, current government grants are listed in other income for presentation;
深圳南山热电股份有限公司 2018 年第一季度报告全文
18. Non-operation expenditure has 796,900 Yuan in the period, an increase of 7061.43% on a y-o-y basis, mainly due to the
scrapping losses from fixed assets;
19. Income tax expenses have 2.2483 million Yuan in the period, an increase of 648.75% on a y-o-y basis, mainly because the
enterprise income tax are accrual in the period;
20. Net cash flow from operation activities have (69,260,600) Yuan in the period, a decrease of 67.51% on a y-o-y basis in net cash
out-flow, mainly because the taxes paid declined;
21. Net cash flow from investment activities have (31,985,900) Yuan in the period, an increase of 30.74% on a y-o-y basis in net cash
out-flow, mainly because the technical reform expenditure increased;
22. Net cash flow from financing activities has 367.9042 million Yuan in the period, an increase of 148.53% on a y-o-y basis in net
cash in-flow, mainly due to the new loans from the bank
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicable
1. Matters related to land parcel of No.T102-0011 and No. T102-0155. Before the date of this report, the Company has closely
followed the comprehensive planning of Qianhai Shekou Free Trade Zone and the work development by relevant government
authorities of Shenzhen. On 5 March 2018, immediately upon its notice of the public announcement available on the official website
of Shenzhen Traffic Transportation Committee named “The Public Participation in Social Stability Risk Analysis in Connection with
the Rapid Improvement Project of Yueliangwan Avenue”, the Company discussed with the special legal adviser engaged by it to
draw the corresponding reply as per the requirements under the announcement, and submitted the same to the construction entity
“Shenzhen Traffic Utility Construction Center” and the appraisal agency engaged to undertake the social stability risk assessment
“Guizhou Traffic Planning Survey Design and Research Institute Co., Ltd.” prior to the prescribed deadline, to address its opinions
and recommendation in respect of the material impact of the project construction over the Company and its subsidiaries. Besides,
since there is no reply received by the Company in respect of its Objection Letter on the Comprehensive Planning of Qianhai Shekou
Free Trade Zone submitted by the Company to the State Planning and Land Resources Committee of the Shenzhen Municipal on 10
August 2017, the Company therefore, on 13 April 2018, submitted to the State Planning and Land Resources Committee of the
Shenzhen Municipal An Application of Shenzhen Nanshan Power for Change of the Comprehensive Planning of Qianhai Shekou
Zone of China (Guangdong) Pilot Free Trade Zone to restate its position, in which the Company restated the potential impact on the
Company that may be resulted from the Comprehensive Planning of Qianhai Shekou Zone of China (Guangdong) Pilot Free Trade
Zone (“Planning”) with its opinions for change of part of the Planning that involved the Company’s land. The Company will
continue to process the relevant works, closely follow the progress of the comprehensive planning of Qianhai Shekou Free Trade
Zone and make its best to protect the shareholders and staff’s interests with participation and cooperation with its legal adviser.
2. Return of “technical reform beneficiary capital”. during the reporting period, the Company will continue to facilitate collection of
the return of “technical reform beneficiary capital” and make proper communication and contact in relation thereto. However, no
practical progress has been obtained.
Save as disclosed above, there is no progress or change in transfer of No.7 and No. 9 machine sets, Guangdong and Xinjiang
Assistance participated by the Company, the proposed application of register and issue of intermediate notes with aggregate amount
not more than RMB500 million (RMB500 million included) from National Association of Financial Market Institutional Investors as
well as the proposed non-public offering of corporate bonds with aggregate amount not more than RMB2.0 billion (RMB2.0 billion
included) during the reporting period.
深圳南山热电股份有限公司 2018 年第一季度报告全文
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
Continuing operation of the Company and plan of
future transformation & development; relevant
2018-3-28 Field research Individual (10) events of the lands of Nanshan Power Plant and
development plans in the future and so on; no
material acquired
Continuing operation of the Company and plan of
future transformation & development; relevant
Telephone Individual (dozens of
Jan.-Mar. 2018 events of the lands of Nanshan Power Plant and
communication times)
development plans in the future and so on; no
material acquired
Reply on interaction Continuing operation of the Company and plan of
Jan.-Mar. 2018 Individual (23)
easily future transformation & development; relevant
深圳南山热电股份有限公司 2018 年第一季度报告全文
events of the lands of Nanshan Power Plant and
development plans in the future and so on; reply in
written
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.
深圳南山热电股份有限公司 2018 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
2018-04-20
In RMB
Items Closing Balance Opening Balance
Current assets:
Monetary funds 689,282,524.02 438,316,169.81
Settlement provisions
Capital lent
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable 700,000.00 6,702,500.00
Accounts receivable 201,292,751.19 113,349,775.76
Accounts paid in advance 107,589,222.55 119,069,891.55
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 44,313,537.27 38,771,888.74
Purchase restituted finance asset
Inventories 77,898,359.11 77,834,903.89
Assets held for sale
Non-current asset due within one
year
Other current assets 431,277,282.19 452,184,523.24
Total current assets 1,552,353,676.33 1,246,229,652.99
Non-current assets:
深圳南山热电股份有限公司 2018 年第一季度报告全文
Loans and payments on behalf
Finance asset available for sales 60,615,000.00 60,615,000.00
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 17,722,430.67 18,254,673.40
Investment property 2,753,405.91 2,802,440.31
Fixed assets 1,403,802,884.88 1,420,620,565.05
Construction in progress 61,100,968.84 50,958,741.92
Engineering material
Disposal of fixed asset 1,314.60
Productive biological asset
Oil and gas asset
Intangible assets 47,848,917.75 48,470,500.60
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 2,922,036.65 2,922,036.65
Other non-current asset 22,882,181.78 32,930,781.78
Total non-current asset 1,619,649,141.08 1,637,574,739.71
Total assets 3,172,002,817.41 2,883,804,392.70
Current liabilities:
Short-term loans 880,850,000.00 515,850,000.00
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable 51,439,580.56
Accounts payable 11,366,571.95 15,094,912.60
Accounts received in advance
Selling financial asset of
repurchase
Commission charge and
深圳南山热电股份有限公司 2018 年第一季度报告全文
commission payable
Wage payable 44,630,077.46 48,337,588.25
Taxes payable 13,566,510.52 15,437,758.76
Interest payable 3,469,425.60 3,006,993.33
Dividend payable
Other accounts payable 85,007,045.59 83,214,183.57
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Liability held for sale
Non-current liabilities due within 1
30,400,000.00 32,400,000.00
year
Other current liabilities
Total current liabilities 1,069,289,631.12 764,781,017.07
Non-current liabilities:
Long-term loans 25,940,000.00 25,940,000.00
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities 26,788,590.38 26,788,590.38
Deferred income 40,944,591.18 41,948,231.12
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 93,673,181.56 94,676,821.50
Total liabilities 1,162,962,812.68 859,457,838.57
Owner’s equity:
Share capital 602,762,596.00 602,762,596.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
深圳南山热电股份有限公司 2018 年第一季度报告全文
Capital public reserve 362,770,922.10 362,770,922.10
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 332,908,397.60 332,908,397.60
Provision of general risk
Retained profit 649,248,407.12 660,176,169.69
Total owner’s equity attributable to
1,947,690,322.82 1,958,618,085.39
parent company
Minority interests 61,349,681.91 65,728,468.74
Total owner’s equity 2,009,040,004.73 2,024,346,554.13
Total liabilities and owner’s equity 3,172,002,817.41 2,883,804,392.70
Legal Representative: President Li Xinwei
Person in charge of accounting works: Director GM Chen Yuhui, CFO Dai Xiji
Person in charge of accounting institute: Financial Manager Wang Yi (act for the financial management dept.)
2. Balance Sheet of Parent Company
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 412,280,400.11 159,883,551.05
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable
Accounts receivable 85,189,018.61 17,599,743.80
Account paid in advance 51,722,793.98 72,042,056.16
Interest receivable
Dividends receivable
Other receivables 929,099,175.15 913,646,990.47
Inventories 67,642,620.56 68,187,593.73
Assets held for sale
Non-current assets maturing within
深圳南山热电股份有限公司 2018 年第一季度报告全文
one year
Other current assets 389,251,386.96 406,616,846.60
Total current assets 1,935,185,395.37 1,637,976,781.81
Non-current assets:
Available-for-sale financial assets 60,615,000.00 60,615,000.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 691,982,849.76 691,982,849.76
Investment property
Fixed assets 229,721,706.99 220,519,962.58
Construction in progress 871,309.00 755,227.83
Project materials
Disposal of fixed assets
Productive biological assets
Oil and natural gas assets
Intangible assets 2,423,343.21 2,726,256.15
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets 1,516,600.00
Total non-current assets 985,614,208.96 978,115,896.32
Total assets 2,920,799,604.33 2,616,092,678.13
Current liabilities:
Short-term borrowings 380,000,000.00 50,000,000.00
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable 38,863,779.64
Accounts payable 928,675.40 1,467,087.08
Accounts received in advance
Wage payable 22,562,449.27 23,669,295.53
Taxes payable 3,527,634.17 5,703,576.67
Interest payable 552,027.08 175,740.00
深圳南山热电股份有限公司 2018 年第一季度报告全文
Dividend payable
Other accounts payable 189,700,860.35 176,793,775.07
Liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 597,271,646.27 296,673,253.99
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities
Deferred income 23,003,332.62 23,665,762.95
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 23,003,332.62 23,665,762.95
Total liabilities 620,274,978.89 320,339,016.94
Owners’ equity:
Share capita 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
Reasonable reserve
Surplus reserve 332,908,397.60 332,908,397.60
Retained profit 1,074,890,592.14 1,070,119,627.89
Total owner’s equity 2,300,524,625.44 2,295,753,661.19
深圳南山热电股份有限公司 2018 年第一季度报告全文
Total liabilities and owner’s equity 2,920,799,604.33 2,616,092,678.13
3. Consolidated Profit Statement
In RMB
Item Current Period Last Period
I. Total operating income 403,525,942.67 318,755,094.24
Including: Operating income 403,525,942.67 318,755,094.24
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 416,971,883.63 353,161,278.27
Including: Operating cost 385,053,424.45 309,853,787.59
Interest expense
Commission charge and commission
expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 2,031,387.85 1,624,279.24
Sales expenses 459,156.87 815,174.84
Administration expenses 19,145,685.78 22,795,473.90
Financial expenses 10,282,228.68 18,072,562.70
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
-532,242.73 -497,728.95
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
深圳南山热电股份有限公司 2018 年第一季度报告全文
Assets disposal income (Loss is
listed with “-”)
Other income 1,714,804.83
III. Operating profit (Loss is listed with
-12,263,378.86 -34,903,912.98
“-”)
Add: Non-operating income 2,000.00 1,585,394.76
Less: Non-operating expense 796,877.44 11,127.35
Including: loss from non-current
786,877.44 1,127.35
assets damaged or scrap
IV. Total Profit (Loss is listed with “-”) -13,058,256.30 -33,329,645.57
Less: Income tax expense 2,248,293.10 300,272.98
V. Net profit (Net loss is listed with “-”) -15,306,549.40 -33,629,918.55
(I) Continuous operation net profit
(Net loss is listed with “-”)
(II) Discontinued operation net
profit (Net loss is listed with “-”)
Net profit attributable to owner’s of
-10,927,762.57 -27,388,861.07
parent company
Minority shareholders’ gains and
-4,378,786.83 -6,241,057.48
losses
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 as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method which
will not be reclassified subsequently to
profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
深圳南山热电股份有限公司 2018 年第一季度报告全文
1. Share of the other
comprehensive income of the investee
accounted for using equity method which
will be reclassified subsequently to profit
or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale financial
assets
4. The effect hedging portion
of gains or losses arising from cash flow
hedging instruments
5. Translation differences
arising on translation of foreign currency
financial statements
6. Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income -15,306,549.40 -33,629,918.55
Total comprehensive income
-10,927,762.57 -27,388,861.07
attributable to owners of parent Company
Total comprehensive income
-4,378,786.83 -6,241,057.48
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.02 -0.05
(ii) Diluted earnings per share -0.02 -0.05
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: Financial Manager Wang Yi (act for the financial management dept.)
4. Profit Statement of Parent Company
In RMB
深圳南山热电股份有限公司 2018 年第一季度报告全文
Item Current Period Last Period
I. Operating income 165,304,888.90 129,531,789.50
Less: Operating cost 155,632,212.68 139,882,897.99
Operating tax and extras 178,168.35 318,215.05
Sales expenses
Administration expenses 9,385,988.12 12,669,948.85
Financial expenses -6,277,213.03 -3,162,126.45
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated company and joint venture
Assets disposal income (Loss is
listed with “-”)
Other income 762,430.33
II. Operating profit (Loss is listed
7,148,163.11 -20,177,145.94
with “-”)
Add: Non-operating income 858,110.33
Less: Non-operating expense 786,877.44
Including: loss from non-current
786,877.44
assets damaged or scrap
III. Total Profit (Loss is listed with
6,361,285.67 -19,319,035.61
“-”)
Less: Income tax expense 1,590,321.42
IV. Net profit (Net loss is listed with
4,770,964.25 -19,319,035.61
“-”)
(I) Continuous operation net profit
(Net loss is listed with “-”)
(II) Discontinued operation net
profit (Net loss is 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
深圳南山热电股份有限公司 2018 年第一季度报告全文
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income 4,770,964.25 -19,319,035.61
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
深圳南山热电股份有限公司 2018 年第一季度报告全文
Cash received from selling
commodities and providing labor 389,122,193.60 335,696,983.79
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
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
Write-back of tax received 620,709.11 788,829.24
Other cash received concerning
2,172,748.21 8,927,278.01
operating activities
Subtotal of cash inflow arising from
391,915,650.92 345,413,091.04
operating activities
Cash paid for purchasing
commodities and receiving labor 394,654,009.46 345,329,535.67
service
Net increase of customer loans
and advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest, commission
深圳南山热电股份有限公司 2018 年第一季度报告全文
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 34,455,664.92 31,892,059.46
Taxes paid 22,451,695.31 172,293,260.97
Other cash paid concerning
9,614,887.20 9,052,073.49
operating activities
Subtotal of cash outflow arising from
461,176,256.89 558,566,929.59
operating activities
Net cash flows arising from operating
-69,260,605.97 -213,153,838.55
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 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
262,500.00
activities
Cash paid for purchasing fixed,
32,248,431.89 24,466,180.89
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
32,248,431.89 24,466,180.89
activities
Net cash flows arising from investing
-31,985,931.89 -24,466,180.89
activities
深圳南山热电股份有限公司 2018 年第一季度报告全文
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 530,000,000.00 101,780,000.00
Cash received from issuing bonds
Other cash received concerning
15,460,000.00
financing activities
Subtotal of cash inflow from financing
545,460,000.00 101,780,000.00
activities
Cash paid for settling debts 167,000,000.00 838,680,000.00
Cash paid for dividend and profit
10,555,809.13 21,262,275.18
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
177,555,809.13 859,942,275.18
financing activities
Net cash flows arising from financing
367,904,190.87 -758,162,275.18
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -231,298.80 -29,080.94
exchange rate
V. Net increase of cash and cash
266,426,354.21 -995,811,375.56
equivalents
Add: Balance of cash and cash
411,613,377.07 1,389,482,327.86
equivalents at the period -begin
VI. Balance of cash and cash
678,039,731.28 393,670,952.30
equivalents at the period -end
6. Cash Flow Statement of Parent Company
In RMB
Item Current Period Last Period
深圳南山热电股份有限公司 2018 年第一季度报告全文
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 165,849,848.40 137,934,652.20
services
Write-back of tax received
Other cash received concerning
892,094.12 79,010,430.35
operating activities
Subtotal of cash inflow arising from
166,741,942.52 216,945,082.55
operating activities
Cash paid for purchasing
commodities and receiving labor 164,618,568.76 231,703,840.65
service
Cash paid to/for staff and workers 19,415,113.07 19,566,413.11
Taxes paid 6,308,794.09 162,249,279.59
Other cash paid concerning
22,699,771.73 33,403,433.62
operating activities
Subtotal of cash outflow arising from
213,042,247.65 446,922,966.97
operating activities
Net cash flows arising from operating
-46,300,305.13 -229,977,884.42
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 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
262,500.00
activities
Cash paid for purchasing fixed,
28,368,843.96 35,792.00
intangible and other long-term assets
深圳南山热电股份有限公司 2018 年第一季度报告全文
Cash paid for investment
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
28,368,843.96 35,792.00
activities
Net cash flows arising from investing
-28,106,343.96 -35,792.00
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 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
371,660,000.00
activities
Cash paid for settling debts 30,000,000.00 680,500,000.00
Cash paid for dividend and profit
3,194,917.92 11,108,786.09
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from
33,194,917.92 691,608,786.09
financing activities
Net cash flows arising from financing
338,465,082.08 -691,608,786.09
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -1,583.93 -198.86
exchange rate
V. Net increase of cash and cash
264,056,849.06 -921,622,661.37
equivalents
Add: Balance of cash and cash
148,223,551.05 1,119,323,850.36
equivalents at the period -begin
VI. Balance of cash and cash
412,280,400.11 197,701,188.99
equivalents at the period -end
深圳南山热电股份有限公司 2018 年第一季度报告全文
II. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.