[中报]深南电B(200037):2023年半年度报告（英文版）
原标题:深南电B:2023年半年度报告（英文版） Shenzhen Nanshan Power Co., Ltd. The Semi-Annual Report 2023 August 25, 2023 Section I Important Notes, Table of Contents and Interpretations The Board of Directors, the Board of Supervisors, directors, supervisors and senior officers of the Company guarantee that the contents of the semi-annual report are true, accurate and complete, and do not contain false records, misleading statements or major omissions, and that they bear individual and joint legal liabilities. Chairman Kong Guoliang, person in charge of accounting and GM Chen Yuhui, CFO Zhang Xiaoyin and head of accounting department (chief accountants) Lin Xiaojia declare that the financial reports in this semi-annual report are true, accurate and complete. Except director Mr. Sun Huirong was unable to attend the Board Meeting personally to review annual report due to work reasons, authorized director Mr. Huang Qing to attend the meeting and exercise voting rights on his behalf. All other directors attended the Board Meeting for annual report deliberation. The Company plans not to distribute cash dividends, issue bonus shares, or increase share capital through capitalization of reserves. Any forward-looking statements in this semi-annual report, including future plans, do not constitute a material commitment of the Company to investors. Investors are kindly requested to pay attention to investment risks. The semi-annual report is prepared in Chinese and English respectively. In case of any ambiguity between the two versions, the Chinese version shall prevail. Investors are advised to read the full text of this semi-annual report carefully. Table of Contents Section I Important Notes, Table of Contents and Interpretations ................. 2 Section II Company Profile and Financial Indicators ....................................... 6 Section III Management's Discussion and Analysis ........................................... 9 Section IV Corporate Governance ....................................................................... 19 Section V Environment and Social Responsibilities .......................................... 21 Section VI Important Matters .............................................................................. 24 Section VII Changes in Shares and Shareholders .............................................. 28 Section VIII Preferred Shares .............................................................................. 33 Section IX Bonds.................................................................................................... 34 Section X Financial Report ................................................................................... 35 List of Reference Documents I. Original of the semi-annual report 2023 bearing the signature of the Company's legal representative. II. Financial statements signed and sealed by the Company's legal representative, chief accountant (General Manager), CFO and head of the accounting department (accounting officer). III. The originals of all the Company's documents and announcements that have been publicly disclosed on the designated media during the reporting period. IV. Place of inspection: Shenzhen Stock Exchange, the office of the Company's Board of Directors. Interpretation
Section II Company Profile and Financial Indicators I. Company profile
1. Contact information of the Company Whether the Company's registered address, office address, postal code, website, e-mail address, etc. have changed during the reporting period ? Applicable ? Not applicable The Company's registered address, office address and postal code, website and e-mail address have not changed during the reporting period. For details, please refer to the 2022 Annual Report. 2. Place of information disclosure and provision Whether the place of information disclosure and provision has changed during the reporting period ? Applicable ? Not applicable The stock exchange website and the name and URL of the media where the Company discloses its semi-annual report, and the place of provision of the Company's semi-annual report have not changed during the reporting period. For details, please refer to the 2022 Annual Report. 3. Other relevant information Whether other relevant information has changed in the reporting period ? Applicable ? Not applicable IV. Key accounting data and financial indicators Whether it has retroactive adjustment or re-statement on previous accounting data or not ? Yes ? No
international accounting standards and the Chinese accounting standards ? Applicable ? Not applicable During the reporting period of the Company, there was no difference in net profit and net assets in financial reports disclosed in accordance with international accounting standards and Chinese accounting standards 2. Differences in net profit and net assets in financial reports disclosed in accordance with both the international accounting standards and Chinese accounting standards ? Applicable ? Not applicable During the reporting period of the Company, there was no difference in net profit and net assets in financial reports disclosed in accordance with the international accounting standards and Chinese accounting standards VI. Non-recurring profit or loss items and amounts ?Applicable ? Not applicable Unit: RMB
? 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 Information Disclosure 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 Announcement No. 1 on Information Disclosure of Companies Issuing Securities to the Public - Non-recurring Profit or Loss" as recurring profit or loss items. Section III Management's Discussion and Analysis I. Main business engaged in by the Company during the reporting period According to data released by the China Electricity Council, in the first half of 2023, the national electricity consumption of the whole society was 4.31 trillion kWh, up 5.0% year-on-year, and the growth rate was 2.1% higher compared to the same period last year. The recovery and improvement of national economy in the first half of the year has driven a year-on-year increase in the growth rate of electricity consumption. In terms of industries, the electricity consumption of the primary industry was 57.8 billion kWh, up 12.1% year on year; The electricity consumption of the secondary industry was 2,867 billion kWh, up 4.4% year on year. the electricity consumption of the tertiary industry was 763.1 billion kWh, up 9.9% year on year; The domestic electricity consumption of urban and rural residents was 619.7 billion kWh, up 1.3% year on year. In the first half of the year, the power generation output of power plants above designated size in China was 4.17 trillion kWh, up 3.8% year-on-year. Among them, the hydropower generation output of power plants above designated size dropped by 22.9% year-on-year. Insufficient water storage in the main reservoirs and persistent low precipitation since the beginning of this year, coupled with the factors such as a high base in the same period of the previous year, have led to a continuous year-on-year decline in hydropower output since the beginning of this year, and the decline has expanded, with hydropower output falling by 32.9% and 33.9% year-on-year in May and June, respectively. In the first half of the year, the thermal power and nuclear power generation outputs of power plants above designated size increased by 7.5% and 6.5% year-on-year, respectively Full-scale grid-connected wind power generation output increased by 21.2% year-on-year. Coal-fired power output accounted for 58.5% of the total energy output, and coal-fired power remains the primary source of electricity supply in China. It effectively compensates for the significant decline in hydropower output and fully plays its role in ensuring basic power supply. The main business of the Company is production and operation of power supply and heat supply, technical consulting and technical services related to power plants (stations). At the end of the reporting period, the Company had two wholly-owned and controlled gas turbine power plants with a total of five set 9E gas-steam combined cycle generating units with a total installed capacity of 900,000 kilowatts (including 3×180,000 kilowatts of Nanshan Thermal Power Station and 2×180,000 kilowatts of Zhongshan Nanlang Power Plant). Both gas turbine power plants are located in the electricity load center area of the Pearl River Delta, are the main peak-shaving power sources in the region, and are currently in normal production and operation. On February 21, 2022, upon the deliberation and approval of the Fifth Interim Meeting of the Ninth Session of the Board of Directors of the Company, the Company initiated the matter of the shutdown and decommissioning of the two 9E gas turbines of the Zhongshan Nanlang Power Plant of Shenzhen Nanshan Thermal Power, and formally submitted an application for shutdown and decommissioning of the units to the Energy Bureau of Guangdong Province on November 24, 2022. Before obtaining the relevant approvals and opinions, the Zhongshan Nanlang Power Plant will continue to carry out the electricity generation business, which will have no material impact on the current production and operation of the Company and the Zhongshan Nanlang Power Plant for the time being. In the first half of 2023, the economic situations at home and abroad were grim. Facing an extraordinarily complex and challenging environment, the Company diligently implemented the relevant requirements from competent government authorities at all levels regarding the security and supply of energy and electricity, took effective and efficient measures, and spared no effort to ensure the safety and reliability of power generation, thus providing robust electricity assurance for the development of the economy and society. From January to June 2023, the two subordinate power generation enterprises of the Company generated a total of 299 million kWh of actual on-grid power and 595 million kWh of settlement contract power. The respective power generation outputs of the Company's subordinate enterprises are as follows: Nanshan Thermal Power Plant generated 255 million kWh of on-grid power and 460 million kWh of settlement contract power. Zhongshan Nanlang Power Plant generated 44 million The Company shall comply with the disclosure requirements for "power supply industry" as set out in "Self-Regulation and Supervision Guidelines No. 3 for Shenzhen Stock Exchange-Listed Companies - Industry Information Disclosure ". II. Core competitiveness analysis In recent years, the Company's main business has been facing increasing difficulties and challenges due to the macroeconomic situation and common issues in the gas turbine power generation industry. However, the fundamental core competitiveness formed over more than thirty years of operation and development, along with strong support from the major shareholders, innovative management practices adopted by the Company's Board of Directors and management team, have laid a necessary foundation for the Company's ongoing operations and pursuit of transformative development. During the reporting period, the Company adopted "activating stocks, introducing increments, transforming development" as its business objectives, and adhered to the management principles of being regulated, scientific, pragmatic, efficient and impartial, diligently carried out various work, and made every effort to promote the high-quality development of the Company. The Company's core competitiveness has been further consolidated and improved. 1. A management culture of hard work and innovation. The Company has a group of operation and management talents with innovative consciousness and hard working spirit. By deepening the human resources reform and building a performance-oriented performance assessment and incentive mechanism, the Company advocates and fosters a management culture of unity, hard work, innovation and progressiveness throughout the Company, In addition, the Company attaches great importance to and vigorously promotes the construction of its institutional, management, and compliance systems. It adheres to a standardized management that is law-abiding, regulation-compliant scientific, rigorous, efficient and orderly. Through refined and standardized management guidance, the Company has established a solid foundation for deeply tapping into internal potential and actively seeking external opportunities. 2. Professional and enterprising technical talents. With over thirty years of dedicated efforts and the influence in the gas turbine power generation industry, the company has attracted and cultivated a group of technical experts and professionals in the gas turbine industry, and has accumulated rich experiences in the construction and operation management of gas turbine power plants. In order to align with the market situation of deepened and progressive power marketization reform in Guangdong Province , the company has established a professional power marketing team, carried out in-depth research on power trading strategies, explored the construction of power marketing mathematical models, and accumulated a wealth of experience in power marketing, which has laid a solid foundation for the company to participate in the construction of a new type of power market and to integrate itself into the wave of power marketization reform. In addition, Shen Nan Dian Engineering Company has cumulatively provided dozens of domestic and overseas gas turbine power stations with professional services such as technical consulting, commissioning and operation guarantee; The Company's training center has successively undertaken the technical personnel training business for dozens of domestic and foreign power plants, has become a well-known professional talent training base in in the domestic gas turbine industry, and has established a good reputation and professional brand image in the same industry. 3. Professional technical expertise that keeps pace with the times. The Company has a number of independent utility model patents and software copyrights, has jointly drafted and compiled one national standard, and has a number of invention patents that under review by the State Intellectual Property Office. It has been recognized as a national high-tech enterprise on December 23, 2021. The Company's research and innovation work has been continuously carried out and has received unanimous recognition from society. During the reporting period, the Company filed to the State Intellectual Property Office a total of 7 utility model patents and 1 invention patent applications, of which 1 utility model patent has been granted. The Company has been granted a total of 39 patents (including 4 invention patents) and 8 software copyrights, which has greatly enhanced the company's brand image and industry competitiveness. 4. Rich experiences in industrial exploration. The Company has fully leveraged its own advantages, accumulated experience in the construction and operation of new energy industry projects such as electrochemical energy storage and photovoltaic, and actively explored technological projects such as virtual power station platforms. Through technical transformation, the company's subordinate Nanshan Thermal Power Station has filled the gap in the application of energy storage systems in the field of "black start" of 9E-grade units in China. Through the successful operation of black start projects, the preliminary work of independent energy storage power stations and the construction and operation of photovoltaic projects, the Company has accumulated certain experience in the preliminary preparation, construction, commissioning, operation and maintenance of energy storage projects, and trained a group of professional talents. In addition, the company's talent reserves and technological advantages in the traditional power industry have laid a solid foundation for the Company to continuously tap the existing potential and rely on the power market and its technical strength to enter the field of new energy services. 5. Leading environmental protection level. The Company's subordinate power plants all use gas-fired power generation units, adopting natural gas as fuel, and the CO2 emission in the flue gas is about 42% of that of the coal-fired power plants, providing strong support for the national "double carbon" (carbon peaking and carbon neutrality) construction, According to the requirements of the "2018 'Shenzhen Blue' Sustainable Action Plan" of the Shenzhen Municipal People's Government, the Company has fully completed the "Shenzhen Blue" transformation of #3, #10 and #1 gas turbines of Nanshan Thermal Power Plant. After the transformation, the nitrogen oxides emissions of each unit have been reduced to less than 15mg/m3, reaching the world's most advanced level. Nanshan Thermal Power Plant was also selected as the best power plant of the Top Plant Award by Power Magazine, the most authoritative magazine in the global power industry, founded in 1882. III. Main business analysis Overview Year-on-year changes in key financial data Unit: RMB
There were no major changes in the profit composition or profit source of the Company during the reporting period. Composition of operating revenue Unit: RMB
? Applicable ? Not applicable Unit: RMB
the Company's main business data for the latest period is adjusted according to the calculation method at the end of the reporting period ? Applicable ? Not applicable IV. Non-primary business analysis ? Applicable ? Not applicable Unit: RMB
1. Major changes in asset composition Unit: RMB
? Applicable ? Not applicable 3. Assets and liabilities measured at fair value ? Applicable ? Not applicable Unit: RMB
None Whether there were significant changes in the measurement attributes of the Company's major assets during the reporting period ? Yes ? No 4. Restrictions on asset rights as of the end of the reporting period
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