[中报]深南电B(200037):2022年半年度报告（英文版）
原标题:深南电B:2022年半年度报告（英文版） Semi-annual Report 2022 【Disclosure Date】 August 19, 2022 Section I. Important Notice, Contents and Interpretation Board of Directors, Supervisory Committee, all directors, supervisors and senior officers of Shenzhen Nanshan Power Co., Ltd. (hereinafter, the Company) guarantee that the Semi-Annual Report contains no misrepresentations, misleading statements or material omissions, and take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents. Principal of the Company- Li Xinwei (Mr. Li Xinwei has resigned as the director and chairman of the Company on July 25, 2022), person in charger of accounting works- Chen Yuhui, CFO Zhang Xiaoyin and person in charge of accounting organ (chief accountants)-Lin Xiaojia guarantee that the Financial Report of the semi-annual report disclosed is truthful, accurate and complete. All directors are attended the Board Meeting for report deliberation. The Company plans to pay no cash dividends, send no bonus shares and not to increase share capital by converting from public reserves. 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. Contents Section I. Important Notice, Contents and Interpretation .......................................................................................... 1 Section II. Company Profile and Main Financial Indexes ......................................................................................... 5 Section III Management Discussion and Analysis..................................................................................................... 9 Section IV. Corporate Governance .......................................................................................................................... 22 Section V. Environmental and Social Responsibility ............................................................................................... 23 Section VI. Important Event .................................................................................................................................... 25 Section VII. Changes Unit: shares and Particulars about Shareholders ................................................................... 32 Section VIII. Preferred Stock................................................................................................................................... 37 Section IX. Corporate Bonds ................................................................................................................................... 38 Section X. Financial Report ..................................................................................................................................... 39 Document Available for Reference I. Original Semi-Annual Report of 2022 carrying the signature of the legal representative of the Company II. Financial statement with signature and seal of legal person, person in charge of accounting works (General manager), CFO and person in charge of accounting organ(chief accountant); III. Text of notice and original draft that public on Securities Times, China Securities Journal and Hong Kong Commercial Daily during the reporting period. IV. The place where the document placed: Shenzhen Stock Exchange, Office of Board of Directors of the Company. Interpretation
Section II. Company Profile and Main Financial Indexes I. Company profile
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 2021. 2. Information disclosure and preparation place Whether information disclosure 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 Report 2021. 3.Other relevant information Whether other relevant information has changed during the reporting period □ Applicable √ Not applicable IV. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data or not □ Yes √ No
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles) □ Applicable √ Not applicable The Company had no difference of the net profit or net assets disclosed in financial report, under either IAS (International Accounting Standards) or Chinese GAAP (Generally Accepted Accounting Principles) in the period. 2. Difference of the net profit and net assets disclosed in financial report, under both foreign accounting rules and Chinese GAAP (Generally Accepted Accounting Principles) □ Applicable √ Not applicable The Company had no difference of the net profit or net assets disclosed in financial report, under either foreign accounting rules or Chinese GAAP (Generally Accepted Accounting Principles) in the period. VI. Items and amounts of non-recurring (extraordinary) profit (gains)/loss √Applicable □ Not applicable In RMB/CNY
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company. Explain 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 □ Applicable √ Not applicable There are no 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 Section III Management Discussion and Analysis I. Main businesses of the Company in the reporting period In the first half of 2022, the national electricity consumption of the whole society was 4,100 billion kWh, a year-on-year increase of 2.9%. In the first and second quarters, the total electricity consumption of the whole society increased by 5.0% and 0.8% on a year-on-year basis respectively. In the second quarter, the growth rate dropped significantly mainly due to the influence of the pandemic situation in some areas in April and May, and the total electricity consumption of the whole society recorded negative growth for two consecutive months. In June, as the pandemic eased, the effects of economic stabilization policies were gradually implemented, and with the addition of high-temperature weather factors in many places, the electricity consumption of the whole society in the month increased by 4.7% on a year-on-year basis, 6.0 percentage points higher than the growth rate in May. The apparent rebound in the growth rate of electricity consumption in June reflected to a certain extent that the current resumption of work and production and the resumption of business and markets have achieved positive results. According to the main statistical indicators of Guangdong in the first half of 2022 released by the Guangdong Provincial Bureau of Statistics, the total electricity consumption in Guangdong Province in the first half of the year was 355.608 billion kWh, a year-on-year decrease of 2.4%; the industrial electricity consumption was 212.082 billion kWh, a year-on-year decrease of 3.4%; the electricity consumption of the manufacturing industry was 174.914 billion kWh, a year-on-year decrease of 4.3%. It is expected that during the peak summer period, the national power supply and demand will be in a tight balance overall. The power supply and demand in some provinces in East China, Central China, and South China will be tight during peak hours, and the power supply and demand in North China, Northeast China, and Northwest China will be basically balanced. During the peak winter period, the national power supply and demand shall be generally in a tight balance. The power supply and demand in some provinces in East China, Central China, South China, and Northwest China shall be tight during peak hours, and the power supply and demand in North China and Northeast China shall be basically balanced. The company is specialized in power and thermal supply, as well as providing technical consulting and technical services for power stations. At the end of reporting period, the Company holds two wholly-owned and holding gas turbine plants, which equipped with five sets of 9E gas steam combined cycle power generating units, with total installed capacity up to 900,000 KW (Nanshan Power Factory: 3×180000KW, Zhongshan Nanlang Power Plant: 2×180000KW).The two gas turbine plants are located in the power-load center of the Pearl River Delta, and it is the main peak-regulating power supply in the region which is currently in normal production and operation state. In the first half of 2022, domestic pandemics had frequent and sporadic outbreaks, and the international environment became more complex and severe. In the face of extremely complex and difficult situations, the company conscientiously implemented the relevant requirements of competent government departments at all levels on the security and supply of energy and electricity, took strong and effective measures, and went all out to ensure the safety and reliability of electricity production, provided a strong power guarantee for pandemic prevention and control and economic and social development. From January to June 2022, two subordinate power generation enterprises of the company completed a total of 275 million kWh of actual grid electricity and 634 million kWh of financial settlement electricity. The completion of electricity of each subsidiary of the company was as follows: Nanshan Power Factory completed the actual grid electricity of 264.5 million kWh and the financial settlement electricity of 412 million kWh. Zhongshan Nanlang Power Plant completed the actual grid electricity of 10.5 million kWh and the financial settlement electricity of 223 million kWh. While the overall electricity consumption of the whole province declined, due to the fact that the price of natural gas remained high, the company's actual on-grid electricity dropped significantly on a year-on-year basis. During the reporting period, the domestic and foreign pandemics, macro economy, fuel supply, temperature, as well as continuous large-scale losses of coal and power companies were intertwined and superimposed, the company’s main power business faced many challenges, such as repeated COVID-19 pandemics, persistently high fuel prices, trial operation of the spot market settlement of electric power, and the continued shortage of electricity supply and demand in the southern region where it locates. The company not only had to fulfill the social responsibility of ensuring electricity supply, but bear the huge operating pressure caused by the sharp rise in fuel prices, facing extremely severe business situation. In order to minimize the negative impact of the external environment on the company's business performance, the company implemented a series of business layout and management changes with innovative thinking and tenacity, clarified the annual business goals and guidelines, and took targeted major measures. While focusing on safe production, strengthening internal management, and continuously improving the operation and management level and management efficiency of the company's stock assets, actively promoted the withdrawal of backward production capacity, we went all out to promote the demonstration and implementation of new production capacity and new projects. While striving to adapt to the accelerating trend of the reform process of electricity marketization in Guangdong Province, we strived to achieve transformation and development as soon as possible. II. Core Competitiveness Analysis In recent years, due to the impact of the macroeconomic situation and the common problems of gas turbine generating industry, the Company’s main business has been facing increasing difficulties and challenges. However, the basic core competitiveness formed by the operation and development for more than three decades and thanks to the strong support from major shareholders, and the management innovations adopted by the Board and leading group, it has laid a necessary foundation for the Company to survive and seeking transformation and development. During the reporting period, the company's core competitiveness has been further consolidated and improved, and there have been no major changes that may affect the company's future operations. (core competitiveness analysis found more in the Annual Report 2021) III. Main business analysis Overview Found more in”I. Main businesses of the Company in the reporting period” Y-o-y changes of main financial data In RMB/CNY
No changes on profit composition or profit resources in reporting period Constitution of operating revenue In RMB/CNY
√Applicable □ Not applicable In RMB/CNY
latest one year’s scope of period-end □ Applicable √ Not applicable Reasons for y-o-y relevant data with over 30% changes √Applicable □ Not applicable 1.Revenue from electricity sales drops 42.37% from a year earlier, mainly because the revenue from electricity settlement declined for the dropping of generating capacity; gross profit ratio reduced on a y-o-y basis mainly due to the soaring costs of natural gas. 2. Revenue from engineering labor rose 46.32% from a year earlier, mainly due to the increase in revenue settlement of engineering labor from aboard; operating costs increased 49.02% on a y-o-y basis, mainly because the business of engineering labor growth leads to a corresponding growth in costs. 3. Revenue from sludge drying decreases 100% from a year earlier, mainly because affected by macro economy policy, Shen Nan Dian Environment Protection Company need to carry out transformation and eliminating on the sludge drying facilities IV. Analysis of the non-main business √Applicable □ Not applicable In RMB/CNY
1. Major changes of assets composition In RMB/CNY
□ Applicable √ Not applicable 3. Assets and liability measured by fair value √Applicable □Not applicable In RMB/CNY
N/A Whether there is a significant changes in the measurement attributes of the main assets during the period □Yes √No 4. Assets right restriction till end of reporting period N/A VI. Investment analysis 1. Overall situation √ Applicable □Not applicable
3. The major non-equity investment doing in the reporting period □ Applicable √ Not applicable 4. Financial assets investment (1) Securities investment □ Applicable √ Not applicable The Company had no securities investment in the reporting period. (2) Derivative investment □ Applicable √ Not applicable The Company had no derivatives investment in the reporting period. 5.Use of proceeds □ Applicable √ Not applicable The Company had no use of proceeds in the reporting period. VII. Sales of major assets and equity 1. Sales of major assets □ Applicable √ Not applicable The Company had no sales of major assets in the reporting period. 2. Sales of major equity □ Applicable √ Not applicable VIII. Analysis of main Holding Company and stock-jointly companies √Applicable □Not applicable Particular about main subsidiaries and stock-jointly companies with an impact of 10% or more on the Company’s net profit In RMB/CNY
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