深圳南山热电股份有限公司 2015 年半年度报告全文
Shenzhen Nanshan Power Co., Ltd.
SEMI-ANNUAL REPORT 2015
2015-061
August 2015
深圳南山热电股份有限公司 2015 年半年度报告全文
Section I. Important Notice, Contents and Paraphrase
Board of Directors, Supervisory Committee, all directors, supervisors and senior
executives of Shenzhen Nanshan Power Co., Ltd. (hereinafter referred to as the
Company) hereby confirm that there are no any fictitious statements, misleading
statements, or important omissions carried in this report, and shall take all
responsibilities, individual and/or joint, for the reality, accuracy and completion
of the whole contents.
Name of director absent Title for absent director Reasons for absent Attorney
Chen Lihong Director Cause for work Li Hongsheng
Lin Qing Director Cause for work Wu Dongxiang
Wang Xiaodong Independent director Cause for work Li Zheng
The Company has no plans of cash dividend distributed, no bonus shares and
has no share converted from capital reserve either.
Chairman Yang Haixian, principal of the Company, Director GM Wu
Dongxiang, person in charger of accounting works, CFO Huang Jian and
Financial Manager Gan Baoshan, person in charge of accounting organ
(accounting principal) hereby confirm that the Financial Report of Semi-Annual
Report 2015 is authentic, accurate and complete.
The report has been prepared in both Chinese and English, for any
discrepancies, the Chinese version shall prevail. Please read the full report
seriously。
Concerning the forward-looking statements with future planning involved in the
Semi-Annual Report, they do not constitute a substantial commitment for
investors. Investors are advised to exercise caution of investment risks.
深圳南山热电股份有限公司 2015 年半年度报告全文
Content
Semi-Annual Report 2015 ................................................................................................................. 1
Section I Important Notice, Contents and Paraphrase .................................................................. 4
Section II Company Profile ............................................................................................................... 5
Section III Accounting data and summary of finnaical indexes .................................................... 7
Section IV Report of the Board of Directors ................................................................................... 9
Section V Important Events ............................................................................................................ 18
Section VI Changes in shares and particular about shareholders............................................... 27
Section VII Preferred Stock………………………………………………………………...……..31
Section VIII Directors, Supervisors and Senior Executives ....................................................... 32
Section IX Financial Report ............................................................................................................ 33
Section X Documents Available for Reference ............................................................................. 33
深圳南山热电股份有限公司 2015 年半年度报告全文
Paraphrase
Items Refers to Definition
Company, the Company, Shen Nan Dian Refers to Shenzhen Nanshan Power Co., Ltd.
Shen Nan Dian Zhongshan Co Refers to Shen Nan Dian (Zhongshan) Electric Power Co., Ltd.
Shen Nan Dian Dongguan Co Refers to Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd
Shen Nan Dian Engineering Co., Refers to Shenzhen Shennandian Turbine Engineering Technology Co., Ltd.
Shen Nan Dian Envionment Protection Co., Refers to Shenzhen Shen Nan Dian Envionment Protection Co., Ltd.
Server Co., Refers to Shenzhen Server Petrochemical Supplying Co., Ltd.
New Power, New Power Co., 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.
Shenzhong Properties Company Refers to Zhongshan Shenzhong Real Estate Investment Properties Co., Ltd.
Shenzhong Real Estate Company Refers to Zhongshan Shenzhong Real Estate Development Co., Ltd.
Syndisome Company Refers to Hong Kong Syndisome Co., Ltd.
Jiangxi Nuclear Power Company Refers to CPI Jiangxi Nuclear Power Co.,Ltd.
Energy Group Refers to Shenzhen Energy Group Co.,Ltd.
Paipu Technology Refers to Shenzhen Paipu Energy Technology Development Co.,LTD.
NAM HOI Refers to HONG KONG NAM HOI (INTERNATIONAL) LTD.
Guangju Holding Refers to Shenzhen Guangju Investment Holding Co.,Ltd.
HK Tengda Refers to Tengda Property Co.,LTD.
Shenzhen Guoneng International Trading Refers to Shenzhen Guoneng International Trading Co., LTD.
Hong Kong Energy Refers to Shenzhen Energy (Hong Kong) International Co.,LTD.
Guangju Energy Refers to Shenzhen Guangju Energy Co., LTD.
Guangju Industrial Refers to Guangju Industrial Co.,LTD.
Kehuitong Refers to Shenzhen Kehuitong Investment Holding Co.,Ltd.
Shenzhen Energy Group Refers to Shenzhen Energy Group Co., LTD.
深圳南山热电股份有限公司 2015 年半年度报告全文
Section II Company profile
I. Company Profile
Short form for share Shen Nan Dian A, Shen Nan Dian B Code for share 000037, 200037
Listing stock exchange Shenzhen Stock Exchange
Chinese name of the Company 深圳南山热电股份有限公司
Legal Representative Chairman Yang Haixian
II. Contact person and ways
Secretary of the Board Rep. of securities affairs
Name Hu Qin -
16/F-17/F, Hantang Building, OCT,
Contact adds. Nanshan District, Shenzhen, Guangdong -
Province
Tel. 0755-26948888 -
Fax. 0755-26003684 -
E-mail investor@nspower.com.cn -
III. Others
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or
not
□ Applicable √ Not applicable
Registrations address, offices address and codes as well as website and email of the Company has no change in reporting period,
found more details in Annual Report 2014.
2. Information disclosure and preparation place
The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRC and preparation
place for semi-annual report have no change in reporting period, found more details in Annual Report 2014.
3. Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable √ Not applicable
Date/place for registration of the Company, registration number for enterprise legal license, number of taxation registration and
深圳南山热电股份有限公司 2015 年半年度报告全文
organization code have no change in reporting period, found more details in Annual Report 2014.
深圳南山热电股份有限公司 2015 年半年度报告全文
Section III. Accounting data and summary of financial indexes
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
Increase/decrease in this
Current period Same period of last year
report y-o-y
Operating revenue (RMB) 650,557,237.18 527,397,555.77 23.35%
Net profit attributable to shareholders of
-102,546,073.06 -75,247,848.71 36.28%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting -135,090,642.01 -77,137,151.13 75.13%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
318,855,299.19 390,088,829.00 -18.26%
activities(RMB)
Basic earnings per share (RMB/Share) -0.17 -0.12 41.67%
Diluted earnings per share (RMB/Share) - - -
Weighted average ROE -8.41 -4.81% -3.60%
Increase/decrease in this
End of current period End of last period report-end over that of last
period-end
Total assets (RMB) 5,148,274,872.24 5,056,415,825.14 1.82%
Net assets attributable to shareholder of
1,168,076,610.94 1,270,542,254.88 -8.06%
listed company(RMB)
II. Difference of the accounting data under accounting rules in and out of China
In the Period, net profit and net assets in and out of China of the Company had no difference.
III. Items and amounts of extraordinary profit (gains)/loss
√ Applicable □ Not applicable
In RMB
Item Amount Note
Gains/losses from the disposal of non-current asset (including the
17,323.58 -
write-off that accrued for impairment of assets)
深圳南山热电股份有限公司 2015 年半年度报告全文
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
1,815,600.78 -
national standards, which are closely relevant to enterprise’s
business)
Other non-operating income and expenditure except for the
191,808.55 -
aforementioned items
Import VAT refunds for natural gas 43,717,420.50 -
Impact on minority shareholders’ equity (post-tax) 13,197,584.46 -
Total 32,544,568.95 --
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
深圳南山热电股份有限公司 2015 年半年度报告全文
Section IV. Report of the Board of Directors
I. Introduction
For the first half year of 2015, Guangdong province recorded moderate growth in economy, resulting in slow growth of overall
power utilization. However, as affected by the rapid increase of power transfer from the west to the east, successive official operation
of the new established power units and cease of power generation by those unauthorized units, power grid had substantially
decreased demands from fuel machine power plants for peak season. Accordingly, power generated by our Company which was
transmitted to the power grid had decreased. For the period from January to June 2015, the accumulative power quantity transmitted
to the power grid from our three fuel machine power plants was 562 million kwh, with a year-on-year decrease of 30.01%.
During the reporting period, challenged by the severe market conditions and operating difficulties, the Company continued to
implement the best economic efficient operation model applicable to the situation of low power quantity so as to minimize
production cost, subject to safety guarantee. Meanwhile, the Company alleviated capital pressure through actively seeking for more
financing channel, in order to ensure its capital chain safety. However, since pricing policies relating to the power transmitted to
power grid has not been implemented on time, the standard power generation subsidy granted by Shenzhen government was not able
to cover generation costs, the government subsidy for power generation was insufficient and power generation quantity declined
sharply, the Company was not able to get rid of operating loss.
II. Main business analysis
Introduction
Business scope of the Company including production and operation of power-up and heat supply, engaged in the relevant technology
consultant and technology service of power plant (station). The Company mainly operated electricity generation, owes three
wholly-owned or controlling power plants in total in Shenzhen, Zhongshan and Dongguan, and all of them are located in the power
load center of Pearl River Delta.
Name of the company On-grid energy Same period of y-o-y changes
(KWH) last year
Nanshan Power Factory(including units 3.00 4.00 -25.00%
belongs to New Power Co.,)
Zhongshan Nam Long Power Plant 2.62 2.79 -6.09%
Dongguan Gaobu Power Plant 0 1.23 -100.00%
Total 5.62 8.03 -30.01%
During the reporting period, the accumulative operating revenue of the Company was RMB 650,557,200, a 23.35% up as compared
to the same period of last year, mainly because the income from oil products trading increased; operating costs was RMB
746,907,800, decreased RMB 9,557,200 as compared to the same period of last year, Net profit attributable to owners of the parent
company was RMB -102,546,100 decreased RMB 27,298,300 as compared to the same period of last year, mainly because the
generation subsidy declined as the volume drops dramatically, especially the two generation units, owned by controlling subsidiary
Shen Nan Dian Dongguan Company, have stop ready for production since beginning of the Year for procedures re-approval due to
深圳南山热电股份有限公司 2015 年半年度报告全文
the policy adjustment. As of 30 June 2015, the Company’s total assets was about RMB 5.148 billion, net assets was RMB 1.168
billion and the asset-liability ratio was 76%.
Y-o-y changes of main financial data
In RMB
Current period Same period of last year Y-o-y increase/decrease Reasons for changes
The oil trade revenue
Operating revenue 650,557,237.18 527,397,555.77 23.35% increased, and generation
income declined
Operating costs 746,907,771.86 756,464,991.38 -1.26%
Sales expenses of the oil
