1、深圳南山热电股份有限公司 2013半年度报告全文 1 Shenzhen Nanshan Power Co.,Ltd.SEMI-ANNUAL REPORT 2013 Notice No.:2013-027 13 August 2013 深圳南山热电股份有限公司 2013半年度报告全文 2 Section I.Important Notice,Contents and Paraphrase Board of Directors,Supervisory Committee,all directors,supervisors and senior executives of Shenzhen Nans
2、han 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 co
3、ntents.All directors are attended the Board Meeting for report deliberation.The Company has no plans of cash dividend distributed,no bonus shares and has no share converted from capital reserve either.Chairman of the company Yang Haixian,managing director Fu Bo,CFO Lu Xiaoping and financial manageme
4、nt manager Huang Jian hereby confirm the truthfulness and completeness of the Financial Report in the Semi-annual Report 2013.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-
5、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.深圳南山热电股份有限公司 2013半年度报告全文 3 Content Semi-Annual Report 2013.1 Section I Important Notice,Contents and Paraphr
6、ase.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.15 Section VI Changes in shares and particular about shareholders.0 Section VII Directors,Supervisors and Senior Executives.25 Se
7、ction VIII Financial Report.25 Section IX Documents Available for Reference.25 深圳南山热电股份有限公司 2013半年度报告全文 4 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.,L
8、td.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.Serve
9、r 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.Shenzhong Properties Company Refers to Zhongshan Shenzhong Real Estate Investment Properties Co.,Ltd S
10、henzhong Real Estate Company Refers to Zhongshan Shenzhong Real Estate Development Co.,Ltd Syndidome Co.,Refers to Hong Kong Syndidome Co.,Ltd.Jiangxi Nuclear Power Refers to CPI Jiangxi Nuclear Power Co.,Ltd.深圳南山热电股份有限公司 2013半年度报告全文 5 Section II Company profile I.Company Profile Short form for shar
11、e 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 Abbr.of Chinese name of the Company(if applicable)深南电 A、深南电 B Legal Representative Yang Haixian II.Contact person and ways Secretary of the Board Rep
12、.of securities affairs Name Hu Qin-Contact adds.16/F-17/F,Hantang Building,OCT,Nanshan District,Shenzhen,Guangdong Province-Tel.0755-26948888-Fax.0755-26003684-E-mail-III.Others 1.Way of contact Whether registrations address,offices address and codes as well as website and email of the Company chang
13、ed 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 2012.2.Information disclosure and preparation place Whether information disclosure
14、 and preparation place changed in reporting period or not Applicable Not applicable 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
15、 Report 2012.深圳南山热电股份有限公司 2013半年度报告全文 6 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 organiza
16、tion code have no change in reporting period,found more details in Annual Report 2012.4.Other relevant information Whether other relevant information has changed in reporting period or not Applicable Not applicable 深圳南山热电股份有限公司 2013半年度报告全文 7 Section III.Accounting data and summary of financial index
17、es 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 Ye s No Current period Same period of last year Increase/decrease in this report y-o-y(%)Operating re
18、venue(RMB)565,476,934.91 705,842,198.56-19.89%Net profit attributable to shareholders of the listed company(RMB)-101,535,348.67-105,739,436.64-3.98%Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB)-110,880,260.43-128,966,580.86-14.02%Ne
19、t cash flow arising from operating activities(RMB)505,430,314.24 121,728,257.73 315.21%Basic earnings per share(RMB/Share)-0.17-0.18-5.56%Diluted earnings per share(RMB/Share)Not applicable Not applicable-Weighted average ROE(%)-6.78%-6.22%-0.56%End of current period End of last period Increase/decr
20、ease in this report-end over that of last period-end(%)Total assets(RMB)5,567,046,294.66 5,536,067,729.98 0.56%Net assets attributable to shareholder of listed company(RMB)1,447,384,079.13 1,548,919,427.80-6.56%II.Difference of accounting data under CAS and IAS The net profit and net assets in and o
21、ut of China stays the same in reporting period.III.Items and amounts of extraordinary profit(gains)/loss In RMB Item Amount Note Governmental subsidy reckoned into current gains/losses(not including the subsidy enjoyed in quota or ration according to national standards,which are closely relevant to
22、enterprises business)1,478,830.68-深圳南山热电股份有限公司 2013半年度报告全文 8 Other non-operating income and expenditure except for the aforementioned items 460,940.17-Import V AT refunds for natural gas 10,739,822.79-Impact on minority shareholders equity(post-tax)-3,334,681.88-Total 9,344,911.76-深圳南山热电股份有限公司 2013半
23、年度报告全文 9 Section IV.Report of the Board of Directors I.Introduction As the prediction at the beginning of the year,economy condition in Guangdong province presented a steady state in the first half of the year,demands of power for whole society growth steady in a low speed,the province overall elect
24、ricity market shows a balance in terms of supply and demand.Being affected by more supplying ability to Shenzhen from provincial grid,electricity purchased outside rising rapidly and the dilemma condition of power subsidy from the government,the generating capacity of 9E gas turbine power plant stil
25、l suffer a lot in restriction.At the same time,Guangdong Province continued to use subsidies standards of 2012 in 2013,that is,annual gas processing fees implemented the principle of“balance of payments,determine expenditures on income”,no new subsidy policy for local gas turbine power enterprise co
26、me up,than the price of natural gas continued to operating in a high level.Under the premise of ensuring safety in production,to all difficulties the abovementioned,the company further tapped the potential for consumption reduction and increased income and decreased expenditure in reporting period.H
27、owever,due to a serious shortage of generating capacity,the electricity prices were still hanging upside,subsidies could not cover the actual cost of electricity;the Company was still in a loss.II.Main business analysis Introduction During the reporting period,the accumulative operating revenue of t
28、he Company was RMB 565,476,900,a 19.89%down as compared to the same period of last year,operating costs was RMB 911,164,200,a 20.55%down as compared to the same period of last year,which mainly due to the generating capacity reduced;Net profit attributable to owners of the parent company was RMB-101
29、,535,300,basically the same as the period one year before;and the main reason for loss was that electricity prices were still hanging upside,subsidies could not cover the actual cost of electricity.As of 30 June 2013,the Companys total assets was about RMB 5.567 billion,net assets was RMB 1.609 bill
30、ion and the asset-liability ratio was up to 71.10%.Y-o-y changes of main financial data In RMB Current period Same period of last yearY-o-y increase/decrease(%)Reasons for changes Operating revenue 565,476,934.91 705,842,198.56-19.89%-Operating costs 911,164,225.22 1,146,829,174.36-20.55%-Sales expe
31、nses 1,097,790.70 510,156.84 115.19%Mainly because emergency handing charges for sludge transport from Shen Nan Dian Envionment Protection Co.,increased.Administration expenses 45,078,741.44 50,598,310.93-10.91%-Finance expenses 102,005,328.28 101,300,639.07 0.7%-深圳南山热电股份有限公司 2013半年度报告全文 10 Income t
32、ax expenses 638,646.90-100%Shen Nan Dian Dongguan Co.,was at a loss in the period.Net cash flow arising from operating activities 505,430,314.24 121,728,257.73 315.21%Payable unpaid purchases of natural gas increased Net cash flow arising from investment activities-16,214,944.45 55,960,903.08-128.98
33、%Expenditure of construction of long-term assets increased,recovery of investment funds decreased.Net cash flow arising from financing activities-398,063,841.88-167,038,600.00 138.31%Net financing decreased,financial costs increased.Net increase of cash and cash equivalent 91,004,926.21 10,598,395.3
34、3 758.67%Net cash flow from operating activities increased.Major changes on profit composition or profit resources in reporting period Applicable Not applicable No major changes on profit composition or profit resources occurred in reporting period.The future development and planning extended to rep
35、orting period that published in disclosure documents as prospectus,private placing memorandum and recapitalize statement Applicable Not applicable No future development and planning extended to reporting period that published in disclosure documents as prospectus,private placing memorandum and recap
36、italize statement Applicable Not applicable Review on the previous business plan and its progress during reporting period 1.In reporting period,the Company achieved the safety management target of“Four Nos”,safety in production with 3,348 days in a row,providing an important guarantee for daily oper
37、ation and sustainable development of the Company.2.Being deliberated and approved in annual Board Meeting and Shareholders General Meeting,Shenzhong Real Estate Company and Shenzhong Property Company have implemented the vary pre-phrase works in terms of land development projects.3.Active to compreh
38、end relevant Xinjiang-supporting policy,participate in research of the Guangdong Xinjiang-supporting Project,investigate the power market and investment environment in Kashgar,furthermore,entered into a“Cooperation Framework Agreement for Investment and Development Projects”with local government.III
39、.Constitution of main business In RMB Operating revenue Operating costGross profit ratio(%)Increase or decrease of Increase or decrease of Increase or decrease of gross 深圳南山热电股份有限公司 2013半年度报告全文 11 operating revenue over same period of last year(%)operating cost over same period of last year(%)profit
40、 ratio over same period of last year(%)According to industries Energy 541,342,937.69 889,160,298.08-64.25%-20.84%-21.43%-24.68%Engineering labor 510,000.00 2,408,143.85-372.19%6.25%0.07%-292.14%Sludge drying 20,730,847.11 14,979,601.46 27.74%5.87%66.65%-90.11%Other revenue 2,072,210.23 4,522,366.87-
41、118.24%18.35%26.23%-67.11%According to products Power marketing 540,526,165.74 888,742,410.93-64.42%-20.58%-20.97%0.72%Thermal marketing 816,771.95 417,887.15 48.84%-75.15%-94.08%163.43%Engineering labor 510,000.00 2,408,143.85-372.19%6.25%0.07%29.13%Sludge drying 20,730,847.11 14,979,601.46 27.74%5
42、.87%66.65%-26.49%Rent and other revenue 2,072,210.23 4,522,366.87-118.24%18.35%26.23%-13.61%According to region Shenzhen area 30,931.69 49,564.19-60.24%-31.05%-28.68%-5.33%Dongguan area 9,788.48 19,849.38-102.78%-11.25%-12.61%3.16%Zhongshan area 15,827.52 21,702.85-37.12%7.73%-3.43%15.84%IV.Core com
43、petitive-ness analysis The Company,as a leader in the field of gas turbine generator,was honor the title of“The biggest gas turbine power generation enterprise in China”;it is the enterprise with the most 9E(PG9171E gas-steam combined-cycle generator-transformer unit)held so far,and also it is the P
44、resident Unit of Guangdong Gas Turbine Generator Association.The Company realized transformation from traditional power plant to a energy cascade comprehensive utilization enterprise in terms of power,cooling and heat supplying(hot-water and steam)to areas as well as recycling treatment of sludge.Th
45、e Company named as the“National Advanced Unit of Recycle Economy”by National Development and Reform Commission(NDRC)in October 2012,one of only forth advanced units in Guangdong Province.After two decades construction and development,the Company has training and absorbing a large number of gas turbi
46、ne technology specialist,meanwhile,through reinforcing the communication and cooperation with the industry in same profession,created a gas turbine talent training base,which lay out a favorable foundation for the follow-up development of the enterprise.With a favorable peaking performance in gas tu
47、rbine,plus obviously environmental mitigation effect for natural gas,therefore,the gas turbine is indispensable to the economically developed coastal areas in particular,whether in terms of roles in emergency grid loading and regional security and environmental protection needs.Along with the reform
48、 and implementation of national electricity price system,natural gas reform and gas turbine enterprise still owns a competition-ness and major operation rooms.深圳南山热电股份有限公司 2013半年度报告全文 12 V.Investment analysis 1.External equity investment(1)External investment External investment Investment in report
49、ing period(RMB)Investment at same period of last year(RMB)Changes(%)8,000,000.00 8,000,000.00 0%Invested company Name Main business Proportion of equity held by listed company in invested company(%)CPI Jiangxi Nuclear Power Co.,Ltd.Development,construction and operation of the nuclear power projects
50、;power generating and relevant products;foreign trading(excluded import and export business with state-run trade management concerned);(excluding projects,the above mentioned,with national special permission hold)5%2.Trust management,derivative investment and entrust loans The Company has no trust m
