| Stock code: 000037, 200037 | Stock abbreviation: Shenzhen Nanshan Power A, Shenzhen Nanshan Power B | Announcement No.: 2025-017 |
Shenzhen Nanshan Power Co., Ltd.
2025 First Quarter Report
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate and complete,and contains no false records, misleading statements or major omissions.
Important:
1. The Board of Directors, the Board of Supervisors, the directors, supervisors and senior officers shall ensure that the quarterlyreport is true, accurate and complete, and contains no false records, misleading statements or major omissions, and shall bearindividual and joint legal liability.
2. The Company's Principal, Chief Accountant, Chief Financial Officer and Head of the Finance Department (Finance Head)hereby declare and guarantee that the financial information in the quarterly report is true, accurate and complete.
3. Whether the First Quarter Report has been audited
□Yes ?No
I. Key financial data(I) Key accounting data and financial indicatorsWhether the Company needs to retroactively adjust or restate the accounting data of previous years
□Yes ?No
| Reporting period | Same period last year | Increase or decrease in the reporting period compared with the same period last year (%) | |
| Operating revenue (RMB) | 58,411,466.37 | 80,580,975.91 | -27.51% |
| Net profit attributable to shareholders of listed companies (RMB) | -12,305,181.65 | -29,071,219.61 | 57.67% |
| Net profit attributable to shareholders of listed companies after deducting non-recurring profit or loss (RMB) | -15,484,838.12 | -32,868,603.74 | 52.89% |
| Net cash flows from operating activities (RMB) | -29,375,286.18 | -71,854,442.05 | 59.12% |
| Basic earnings per share (RMB/share) | -0.0204 | -0.0482 | 57.68% |
| Diluted earnings per share (RMB/share) | -0.0204 | -0.0482 | 57.68% |
| Weighted average rate of return on net assets | -0.83% | -2.01% | Increased by 1.18 percentage points |
| At the end of the reporting period | At the end of the previous year | Increase or decrease at the end of the reporting period compared with the end of the previous year (%) | |
| Total assets (RMB) | 2,020,545,952.45 | 2,012,736,635.59 | 0.39% |
| Owners' equity attributable to shareholders of listed companies (RMB) | 1,474,284,546.01 | 1,485,380,575.08 | -0.75% |
(II) Non-recurring profit or loss items and amounts?Applicable □ Not applicable
Unit: RMB
| Item | Amount in the reporting period | Remark |
| Profit or loss on disposal of non-current assets (including write-off of provision for asset impairment) | 1,157,781.75 | Mainly due to the impact of unrealized internal transaction profit or loss adjustment after disposal of non-current assets. |
| Government subsidies included in the current profit or loss (except for those that are closely related to the Company's normal business operations, comply with national policies and regulations, are enjoyed according to determined standards, and have a sustained impact on the Company's profit or loss) | 64,855.95 | Mainly due to the government subsidies related to income. |
| Profit or loss from changes in fair value of financial assets and liabilities held by non-financial enterprises and profit or loss from the disposal of financial assets and financial liabilities, except for effective hedging operations related to the Company's normal business operations | 1,694,999.94 | Mainly due to the investment income obtained from the deposit of large-denomination certificates of deposit. |
| Less: income tax impact | ||
| Changes in the amount of minority interests (after tax) | -262,018.83 | |
| Total | 3,179,656.47 | -- |
Details of other profit or loss items that meet the definition of non-recurring profit or loss
□Applicable ?Not applicable
The Company had no specific profit or loss items that meet the definition of non-recurring profit or loss.Notes on the definition of the non-recurring profit or loss items listed in the "Interpretive Announcement No. 1 on InformationDisclosure of Companies Issuing Securities to the Public - Non-recurring Profit or Loss" as recurring profit or loss items
□Applicable ?Not applicable
The Company had no circumstances of definition of the non-recurring profit or loss items listed in the "Interpretive AnnouncementNo. 1 on Information Disclosure of Companies Issuing Securities to the Public - Non-recurring Profit or Loss" as recurring profitor loss items.
(III) Changes in key accounting data and financial indicators and their causes
?Applicable □ Not applicable
| Balance sheet items | Ending balance | Beginning balance | Change ratio | Description of changes |
| Monetary funds | 72,215,046.61 | 478,979,221.66 | -84.92% | Mainly due to the Company's strengthening of fund management, improving the efficiency of fund use, depositing stock monetary funds in structured deposits of commercial banks, and reducing monetary funds. |
| Financial assets held for trading | 355,000,000.00 | 0.00 | 100.00% | Mainly due to the Company's strengthening of fund management, improving the efficiency of fund use, depositing stock monetary funds in structured deposits of commercial banks, and increasing financial assets held for trading. |
| Other receivables | 184,823,444.23 | 131,831,575.62 | 40.20% | Mainly due to the completion of the delivery and transfer of the generating unit equipment and related assets of Shenzhen Nanshan Power Zhongshan Company, resulting in the formation of corresponding accounts receivable, which has led to an increase in other receivables. |
| Construction in progress | 11,747,722.25 | 6,983,713.85 | 68.22% | Mainly due to the Company's active promotion of the construction of Zhongshan independent energy storage project, and the increase in equipment procurement and project payment in the current period. |
| Right-of-use assets | 32,818,059.97 | 6,160,020.43 | 432.76% | Mainly due to the construction of the Zhongshan independent energy storage project, the new lease project land and the recognition of the right-of-use assets of the above-ground buildings in the current period. |
| Other non-current assets | 55,513,096.76 | 5,596,476.40 | 891.93% | Mainly due to the prepayment of Zhongshan independent energy storage project. |
| Accounts payable | 8,904,451.81 | 14,022,157.61 | -36.50% | Mainly due to the decrease in natural gas payables. |
| Employee compensation payable | 5,113,691.54 | 16,052,879.47 | -68.14% | Mainly due to the payment of the performance-based remuneration from the previous year in the current period. |
| Taxes payable | 5,144,297.19 | 14,348,908.04 | -64.15% | Mainly due to the fact that Xiefu Company paid the corporate income tax that was accrued at the end of the previous year in the current period, resulting in a decrease in taxes payable. |
| Other payables | 7,540,299.30 | 15,685,234.29 | -51.93% | Mainly due to the fact that Shenzhen Nanshan Power Zhongshan Company paid the demolition and disposal expenses of the oil tank and oil pipeline of Plot A at the end of the previous year in the current period according to the relevant agreements on land acquisition and storage, resulting in a decrease in other payables. |
| Long-term borrowings | 35,031,013.88 | 0.00 | 100.00% | Mainly due to the construction of Zhongshan independent energy storage project and the new special fixed assets loan in the current period. |
| Lease liabilities | 26,734,745.09 | 2,125,910.18 | 1157.57% | Mainly due to the recognition of lease liabilities for the lease contracts of land and buildings for the new Zhongshan independent energy storage project. |
| Income statement items | Amount incurred in the current period | Amount incurred in previous period | Year-on-year increase or decrease | Description of changes |
| Operating costs | 56,376,282.35 | 87,874,016.00 | -35.84% | Mainly due to the fact that the Company's Nanshan Power Plant, based on the node electricity price situation, took the maximization of comprehensive income from power business as the goal, dynamically adjusted the spot clearing strategy, and actively reduced the power generation, resulting in a YoY decrease in operating costs. |
| Financial expenses | 1,590,170.58 | 3,174,568.27 | -49.91% | Mainly due to the Company's expansion of low-cost financing methods and the decrease in interest costs, resulting in the YoY decrease in financial expenses. |
| Investment income | 7,294,999.94 | 1,854,861.43 | 293.29% | Mainly due to the dividend distribution of the investments in other equity instruments held by the Company in the current period, resulting in the YoY increase in investment income. |
| Gains from disposal of assets | 1,157,781.75 | 0.00 | 100.00% | Mainly due to the adjustment of unrealized internal transaction profit or loss after the disposal of non-current assets in the current period, resulting in YoY increase in the gains from disposal of assets. |
| Statement of cash flows items | Amount incurred in the current period | Amount incurred in previous period | Year-on-year increase or decrease | Description of changes |
| Net cash flows from operating activities | -29,375,286.18 | -71,854,442.05 | 59.12% | Mainly due to the fact that the Company focused on its primary business, aiming at maximizing the comprehensive income of the power business, and formulated a clearing strategy in a refined manner, and strengthened the management of gas-electricity matching. The marginal contribution of the power business increased significantly YoY, and the net cash flows from operating activities increased YoY. |
| Net cash flows from investing activities | -397,098,683.31 | -221,147,900.68 | -79.56% | Mainly due to the facts that: first, the Company actively promoted the construction of Zhongshan independent energy storage project, and the equipment procurement and project payment increased in the current period; second, the Company strengthened fund management and improved the use of funds. The stock monetary funds deposited in structured deposits of commercial banks in the current period increased, and the cash outflow of investing activities increased, resulting in the YoY decrease in the net cash flow from investing activities. |
| Net cash flows from financing activities | 19,718,778.32 | 79,321,416.35 | -75.14% | Mainly due to the continuous optimization of the asset and liability structure. The newly added financing scale in the current period decreased YoY, resulting in the YoY decrease in the net cash flows from financing activities. |
| Net increase in cash equivalents | -406,764,175.05 | -213,664,305.88 | -90.38% | Mainly due to the facts that: first, the Company actively promoted the construction of Zhongshan independent energy storage project, and the equipment procurement and project payment increased in the current period; second, the Company strengthened its fund management and improved the efficiency of fund use. The stock monetary funds deposited in structured deposits of commercial banks in the current period increased; third, the new financing scale in the current period decreased YoY, resulting an overall YoY decrease in net increase in cash and cash equivalents. |
II. Shareholder's information(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights havebeen restored, and shareholdings of the top 10 shareholders
Unit: Share
| Total number of ordinary shareholders at the end of the reporting period | 40,424 | Total number of preferred shareholders whose voting rights have been restored at the end of the reporting period (if any) | 0 | ||||||
| Shareholdings of the top 10 shareholders (excluding shares lent through refinancing) | |||||||||
| Name | Nature of shareholder | Shareholding ratio (%) | Number of shares held | Number of shares held with selling restrictions | Pledge, marking or freezing | ||||
| Share status | Quantity | ||||||||
| HONG KONG NAM HOI (INTERNATIONAL) LTD | Overseas legal person | 15.28% | 92,123,248.00 | 0.00 | Not applicable | 0.00 | |||
| Shenzhen Guangju Industrial Co., Ltd. | State-owned legal person | 12.22% | 73,666,824.00 | 0.00 | Not applicable | 0.00 | |||
| Shenzhen Energy Corporation | State-owned legal person | 10.80% | 65,106,130.00 | 0.00 | Not applicable | 0.00 | |||
| Zeng Ying | Domestic natural person | 1.19% | 7,159,600.00 | 0.00 | Not applicable | 0.00 | |||
| GUOTAI JUNAN SECURITIES（HONG KONG） LIMITED | Overseas legal person | 1.05% | 6,326,759.00 | 0.00 | Not applicable | 0.00 | |||
| Li Baoqin | Domestic natural person | 0.94% | 5,670,167.00 | 0.00 | Not applicable | 0.00 | |||
| China Merchants Securities (Hong Kong) Co., Ltd. | Overseas legal person | 0.90% | 5,438,154.00 | 0.00 | Not applicable | 0.00 | |||
| BOCI SECURITIES LIMITED | Overseas legal person | 0.72% | 4,310,566.00 | 0.00 | Not applicable | 0.00 | |||
| LISHERYNZHANMING | Overseas natural person | 0.69% | 4,149,400.00 | 0.00 | Not applicable | 0.00 | |||
| Haitong International Securities Company Limited-Account Client | Overseas legal person | 0.65% | 3,908,357.00 | 0.00 | Not applicable | 0.00 | |||
| Shareholdings of the top 10 non-restricted shareholders (excluding shares lent through refinancing and locked shares of senior executives) | |||||||||
| Name | Number of shares held without selling restrictions | Type of shares | |||||||
| Type of shares | Quantity | ||||||||
| HONG KONG NAM HOI (INTERNATIONAL) LTD | 92,123,248.00 | Domestic listed foreign shares | 92,123,248.00 | ||||||
| Shenzhen Guangju Industrial Co., Ltd. | 73,666,824.00 | Renminbi ordinary shares | 73,666,824.00 | ||||||
| Shenzhen Energy Corporation | 65,106,130.00 | Renminbi ordinary shares | 65,106,130.00 | ||||||
| Zeng Ying | 7,159,600.00 | Domestic listed foreign shares | 7,159,600.00 | ||||||
| GUOTAI JUNAN SECURITIES（HONG KONG） LIMITED | 6,326,759.00 | Domestic listed foreign shares | 6,326,759.00 | ||||||
| Li Baoqin | 5,670,167.00 | Renminbi ordinary shares | 2,593,500.00 |
| Domestic listed foreign shares | 3,076,667.00 | ||
| China Merchants Securities (Hong Kong) Co., Ltd. | 5,438,154.00 | Domestic listed foreign shares | 5,438,154.00 |
| BOCI SECURITIES LIMITED | 4,310,566.00 | Domestic listed foreign shares | 4,310,566.00 |
| LISHERYNZHANMING | 4,149,400.00 | Domestic listed foreign shares | 4,149,400.00 |
| Haitong International Securities Company Limited-Account Client | 3,908,357.00 | Domestic listed foreign shares | 3,908,357.00 |
| Explanation of the above-mentioned shareholders' relationship or concerted actions | 1. Shenzhen Energy Corporation holds 100% equity in HONG KONG NAM HOI (INTERNATIONAL) LTD 2. The Company is unaware of whether the above-mentioned other public shareholders have any relationship or are persons acting in concert. | ||
| Description of the top 10 shareholders' participation in the margin trading and securities lending business (if any) | None | ||
Participation of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders ofunrestricted tradable shares in refinancing business and lending shares
□ Applicable ?Not applicable
Changes of the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares compared with the previous perioddue to refinancing lending/repayment
□ Applicable ? Not applicable
(II) Total number of preferred shareholders in the Company and shareholdings of the top 10 preferredshareholders
□Applicable ? Not applicable
III. Other important matters
□Applicable ?Not applicable
IV. Quarterly financial statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Shenzhen Nanshan Power Co., Ltd.
March 31, 2025
Unit: RMB
| Item | Ending balance | Beginning balance |
| Current assets: | ||
| Monetary funds | 72,215,046.61 | 478,979,221.66 |
| Balances with clearing companies | ||
| Loans to banks and other financial institutions | ||
| Financial assets held for trading | 355,000,000.00 | 0.00 |
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 56,978,433.50 | 67,817,025.91 |
| Receivables financing | ||
| Advances to suppliers | 23,618,414.60 | 19,062,352.04 |
| Premiums receivable | ||
| Reinsurance accounts receivable | ||
| Receivable reinsurance contract reserve | ||
| Other receivables | 184,823,444.23 | 131,831,575.62 |
| Including: interest receivable | ||
| Dividends receivable | ||
| Financial assets purchased under resale agreements | ||
| Inventories | 80,524,229.89 | 80,234,374.79 |
| Including: data resources | ||
| Contract assets | 151,002.18 | 95,580.68 |
| Assets held for sale | 24,582,784.59 | 24,582,784.59 |
| Non-current assets due within one year | ||
| Other current assets | 289,698,301.92 | 285,528,539.22 |
| Total current assets | 1,087,591,657.52 | 1,088,131,454.51 |
| Non-current assets: | ||
| Issuance of loans and advances | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivables | ||
| Long-term equity investments | 90,587,521.44 | 90,587,521.44 |
| Investments in other equity instruments | 354,798,054.57 | 354,798,054.57 |
| Other non-current financial assets |
| Investment properties | 1,456,370.65 | 1,498,009.84 |
| Fixed assets | 378,695,683.40 | 451,203,790.97 |
| Construction in progress | 11,747,722.25 | 6,983,713.85 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 32,818,059.97 | 6,160,020.43 |
| Intangible assets | 1,358,365.32 | 1,349,731.81 |
| Including: data resources | ||
| Development expenses | ||
| Including: data resources | ||
| Goodwill | ||
| Long-term deferred expenses | 5,354,420.57 | 5,802,861.77 |
| Deferred tax assets | 625,000.00 | 625,000.00 |
| Other non-current assets | 55,513,096.76 | 5,596,476.40 |
| Total non-current assets | 932,954,294.93 | 924,605,181.08 |
| Total assets | 2,020,545,952.45 | 2,012,736,635.59 |
| Current liabilities: | ||
| Short-term borrowings | 255,098,633.32 | 268,615,009.19 |
| Loans from the Central Bank | ||
| Borrowings from banks and other financial institutions | ||
| Financial liabilities held for trading | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Accounts payable | 8,904,451.81 | 14,022,157.61 |
| Advances from customers | ||
| Contract liabilities | 50,000.00 | |
| Financial assets sold under repurchase agreements | ||
| Customer bank deposits and due to banks and other financial institutions | ||
| Receivings from vicariously traded securities | ||
| Receivings from vicariously underwritten securities | ||
| Employee compensation payable | 5,113,691.54 | 16,052,879.47 |
| Taxes payable | 5,144,297.19 | 14,348,908.04 |
| Other payables | 7,540,299.30 | 15,685,234.29 |
| Including: interest payable | ||
| Dividends payable | ||
| Handling charges and commissions | ||
| Reinsurance accounts payable | ||
| Liabilities held for sale | ||
| Non-current liabilities due within one year | 5,651,118.99 | 4,466,835.32 |
| Other current liabilities | 116,207,485.56 | 107,922,984.82 |
| Total current liabilities | 403,659,977.71 | 441,164,008.74 |
| Non-current liabilities: | ||
| Reserves for insurance contract | ||
| Long-term borrowings | 35,031,013.88 | |
| Bonds payable | ||
| Including: preferred shares | ||
| Perpetual bonds | ||
| Lease liabilities | 26,734,745.09 | 2,125,910.18 |
| Long-term payables | ||
| Long-term employee compensations payable | ||
| Estimated liabilities | ||
| Deferred income | 59,936,405.92 | 61,522,875.97 |
| Deferred tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 121,702,164.89 | 63,648,786.15 |
| Total liabilities | 525,362,142.60 | 504,812,794.89 |
| Owners' equity: | ||
| Equity | 602,762,596.00 | 602,762,596.00 |
| Other equity instruments | ||
| Including: preferred shares | ||
| Perpetual bonds | ||
| Capital reserve | 362,770,922.10 | 362,770,922.10 |
| Less: treasury shares | ||
| Other comprehensive income | 1,683,054.57 | 1,683,054.57 |
| Special reserve | 1,209,152.58 | |
| Surplus reserve | 332,908,397.60 | 332,908,397.60 |
| General risk reserve | ||
| Undistributed profits | 172,950,423.16 | 185,255,604.81 |
| Total equity attributable to the owners of the parent company | 1,474,284,546.01 | 1,485,380,575.08 |
| Minority interests | 20,899,263.84 | 22,543,265.62 |
| Total owners' equity | 1,495,183,809.85 | 1,507,923,840.70 |
| Total liabilities and owners' equity | 2,020,545,952.45 | 2,012,736,635.59 |
Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of theFinance Department: Lin Xiaojia
2. Consolidated income statement
Unit: RMB
| Item | Amount incurred in the current period | Amount incurred in previous period |
| I. Total operating revenue | 58,411,466.37 | 80,580,975.91 |
| Including: operating revenue | 58,411,466.37 | 80,580,975.91 |
| Interest income | ||
| Premiums earned | ||
| Handling charges and commission income | ||
| II. Total operating costs | 82,464,757.49 | 114,821,905.65 |
| Including: operating costs | 56,376,282.35 | 87,874,016.00 |
| Interest costs | ||
| Handling charges and commission expenses | ||
| Surrender value | ||
| Net amount of compensation payout | ||
| Net amount of insurance liability reserve withdrawn | ||
| Policy dividends | ||
| Reinsurance costs | ||
| Taxes and surcharges | 344,631.34 | 221,276.34 |
| Selling and distribution expenses | 663,086.73 | 877,286.87 |
| G&A expenses | 20,003,429.70 | 18,871,734.39 |
| R&D expenses | 3,487,156.79 | 3,803,023.78 |
| Financial expenses | 1,590,170.58 | 3,174,568.27 |
| Including: interest expenses | 2,043,777.62 | 3,834,570.17 |
| Interest income | -476,680.96 | -667,274.30 |
| Plus: other income | 1,651,326.00 | 2,026,590.29 |
| Investment income (losses expressed with "-") | 7,294,999.94 | 1,854,861.43 |
| Including: investment income from associates and joint ventures | 6,955.76 | |
| Gains from derecognition of financial assets measured at amortized costs | ||
| Exchange gains (losses expressed with "-") | ||
| Net exposure hedging gains (losses expressed with "-") | ||
| Gains from fair value changes (losses expressed with "-") | ||
| Losses from credit impairment (losses expressed with "-") | ||
| Asset impairment loss (losses expressed with "-") | ||
| Gains from disposal of assets (losses expressed with "-") | 1,157,781.75 | |
| III. Operating profit (losses expressed with "-") | -13,949,183.43 | -30,359,478.02 |
| Plus: non-operating revenue | 37,730.70 | |
| Less: non-operating expenses | 107,421.00 | |
| IV. Total profit (total losses expressed with "-") | -13,949,183.43 | -30,429,168.32 |
| Less: income tax expenses |
| V. Net profit (losses expressed with "-") | -13,949,183.43 | -30,429,168.32 |
| (I) Classification by business continuity | ||
| 1. Net profit from continuing operations (net losses expressed with "-") | -13,949,183.43 | -30,429,168.32 |
| 2. Net profit from discontinued operations (net losses expressed with "-") | ||
| (II) Classification by ownership | ||
| 1. Net profit attributable to owners of the parent company | -12,305,181.65 | -29,071,219.61 |
| 2. Minority interest income | -1,644,001.78 | -1,357,948.71 |
| VI. Net after-tax amount of other comprehensive income | ||
| Net after-tax amount of other comprehensive income attributable to owners of parent company | ||
| (I) Other comprehensive income that cannot be reclassified into profit or loss | ||
| 1. Remeasurement of changes in defined benefit plans | ||
| 2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| 3. Fair value changes of investments in other equity instruments | ||
| 4. Fair value changes of the enterprise's own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive income that will be reclassified to profit or loss | ||
| 1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| 2. Fair value changes of other debt investments | ||
| 3. Amount of financial assets reclassified and included in other comprehensive income | ||
| 4. Provision for credit impairment of other debt investments | ||
| 5. Cash flow hedging reserve | ||
| 6. Differences arising from foreign currency financial statements | ||
| 7. Others | ||
| Net after-tax amount of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | -13,949,183.43 | -30,429,168.32 |
| Total comprehensive income attributable to owners of the parent company | -12,305,181.65 | -29,071,219.61 |
| Total comprehensive income attributable to minority shareholders | -1,644,001.78 | -1,357,948.71 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share | -0.0204 | -0.0482 |
| (II) Diluted earnings per share | -0.0204 | -0.0482 |
Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of theFinance Department: Lin Xiaojia
3. Consolidated statement of cash flows
Unit: RMB
| Item | Amount incurred in the current period | Amount incurred in previous period |
| I. Cash flows from operating activities: | ||
| Cash received from sales of goods and rendering of services | 72,811,090.66 | 98,704,722.15 |
| Net increase in customer bank deposits and due to banks and other financial institutions | ||
| Net increase in borrowings from the Central Bank | ||
| Net increase in borrowings from banks and other financial institutions | ||
| Cash received from premiums from the original insurance contract | ||
| Net cash received from reinsurance business | ||
| Net increase in policyholder deposits and investments | ||
| Cash received from interest, handling charges and commissions | ||
| Net increase in borrowings from banks and other financial institutions | ||
| Net increase in funds from repurchase business | ||
| Net cash received from vicariously traded securities | ||
| Tax refunds received | 1,259.08 | |
| Other cash received related to operating activities | 6,652,551.98 | 9,929,349.06 |
| Sub-total of cash inflows from operating activities | 79,463,642.64 | 108,635,330.29 |
| Cash paid for purchase of goods and acceptance of services | 58,140,112.23 | 93,167,965.39 |
| Net increase in loans and advances to customers | ||
| Net increase in deposits with the Central Bank and interbank funds | ||
| Cash paid for compensation for the original insurance contract | ||
| Net increase in loans to banks and other financial institutions | ||
| Cash paid for interest, handling charges and commissions | ||
| Cash paid for policy dividends | ||
| Cash paid to and on behalf of employees | 35,011,115.74 | 65,632,162.97 |
| Taxes and fees paid | 9,973,463.74 | 11,055,674.24 |
| Payments of other cash related to operating activities | 5,714,237.11 | 10,633,969.74 |
| Sub-total of cash outflows from operating activities | 108,838,928.82 | 180,489,772.34 |
| Net cash flows from operating activities | -29,375,286.18 | -71,854,442.05 |
| II. Cash flows from investing activities: | ||
| Recovery of cash received from investment | ||
| Cash received from investment income | 5,600,000.00 | 152,905.73 |
| Net cash recovered from disposal of fixed assets, intangible assets and other long-term assets | 8,343,642.91 | |
| Net cash received from disposal of subsidiaries and other business units |
| Other cash received relating to investing activities | 13,000,000.00 | |
| Sub-total of cash inflows from investing activities | 13,943,642.91 | 13,152,905.73 |
| Cash paid for the acquisition and construction of fixed assets, intangible assets and other long-term assets | 56,042,326.22 | 3,300,806.41 |
| Cash paid for investments | 50,000,000.00 | |
| Net increase in pledge loans | ||
| Net cash paid for acquisition of subsidiaries and other business units | ||
| Payments of other cash related to investing activities | 355,000,000.00 | 181,000,000.00 |
| Sub-total of cash outflows from investing activities | 411,042,326.22 | 234,300,806.41 |
| Net cash flows from investing activities | -397,098,683.31 | -221,147,900.68 |
| III. Cash flows from financing activities: | ||
| Cash received from absorption of investments | ||
| Including: cash received by subsidiaries from absorption of minority shareholders' investments | ||
| Cash received from acquisition of borrowings | 35,000,000.00 | 98,558,036.22 |
| Other cash received related to financing activities | ||
| Sub-total of cash inflows from financing activities | 35,000,000.00 | 98,558,036.22 |
| Cash paid for debt repayment | 13,901,933.75 | |
| Cash paid for distribution of dividends, profits or interest payments | 14,424,149.68 | 3,724,022.12 |
| Including: dividends and profits paid by subsidiaries to minority shareholders | ||
| Payments of other cash related to financing activities | 857,072.00 | 1,610,664.00 |
| Sub-total of cash outflows from financing activities | 15,281,221.68 | 19,236,619.87 |
| Net cash flows from financing activities | 19,718,778.32 | 79,321,416.35 |
| IV. Impact of fluctuation in exchange rate on cash and cash equivalents | -8,983.88 | 16,620.50 |
| V. Net increase in cash and cash equivalents | -406,764,175.05 | -213,664,305.88 |
| Plus: beginning balance of cash and cash equivalents | 471,067,121.66 | 310,734,919.56 |
| VI. Ending balance of cash and cash equivalents | 64,302,946.61 | 97,070,613.68 |
Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of theFinance Department: Lin Xiaojia(II) Adjustments to relevant items in financial statements at the beginning of the yearwhen the new accounting standards are implemented for the first time in 2025.
□ Applicable ? Not applicable
(III) Auditor's reportWhether the First Quarter Report has been audited
□Yes ?No
The First Quarter Report of the Company has not been audited.
The Board of Directors of Shenzhen Nanshan Power Co., Ltd.
April 30, 2025