深南电B：2024年第一季度报告英文版
Ticker: 000037, 200037 Stock name: Shenzhen Nanshan Power A, Shenzhen Nanshan Power B Announcement No.: 2024-030
Shenzhen Nanshan Power Co., Ltd.
2024 First Quarter ReportThe Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate andcomplete, 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
| The reporting period | Same period last year | Increase or decrease in the reporting period compared with the same period last year (%) | |
| Operating revenue (RMB) | 80,580,975.91 | 111,067,616.64 | -27.45% |
| Net profit attributable to shareholders of listed companies (RMB) | -29,071,219.61 | -31,147,959.30 | 6.67% |
| Net profit attributable to shareholders of listed companies after deducting non-recurring profit or loss (RMB) | -32,868,603.74 | -41,178,992.24 | 20.18% |
| Net cash flows from operating activities (RMB) | -71,854,442.05 | -36,865,225.55 | -94.91% |
| Basic earnings per share (RMB/share) | -0.0482 | -0.0517 | 6.77% |
| Diluted earnings per share (RMB/share) | -0.0482 | -0.0517 | 6.77% |
| Weighted average rate of return on net assets | -2.01% | -2.16% | Increased by 0.15 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) | 2,055,455,896.84 | 2,049,365,388.69 | 0.30% |
| Owners' equity attributable to shareholders of listed companies (RMB) | 1,431,132,704.93 | 1,459,288,691.94 | -1.93% |
(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) | -107,421.00 | Mainly due to the impact of profit or loss from 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) | 2,026,590.29 | Mainly government subsidies related to income and apportionment of government subsidies related to assets, etc. |
| Profit or loss from changes in fair value | 1,847,905.67 | Mainly investment income obtained from financial assets held for trading |
| 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 | ||
| Other non-operating revenue and expenses other than the above | 37,730.70 | |
| Less: effect of minority interests (after tax) | 7,421.53 | |
| Total | 3,797,384.13 | -- |
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 profit orloss items.
(III) Changes in key accounting data and financial indicators and their causes?Applicable □Not applicable
| Balance sheet items | March 31, 2024 | January 1, 2024 | Change ratio | Description of changes |
| Monetary funds | 102,511,047.91 | 316,188,782.49 | -67.58% | Mainly due to the Company's the current period investment in Shenzhen New Energy Storage Industry Equity Fund and the placement of self-owned funds in structured deposits, resulting in a decrease in monetary funds |
| Financial assets held for trading | 394,000,000.00 | 226,000,000.00 | 74.34% | Mainly due to the increase in financial assets held for trading as a result of the placement of structured deposits with idle self-owned funds during the current period. |
| Right-of-use assets | 906,778.55 | 2,266,946.42 | -60.00% | Mainly due to the depreciation of right-of-use assets according to their useful life |
| Notes payable | 40,000,000.00 | 0.00 | 100.00% | Mainly due to the Company's efforts to strengthen project development and take multiple measures to coordinate funds, resulting in an increase in notes payable |
| Accounts payable | 1,121,465.81 | 4,342,166.50 | -74.17% | Mainly due to the decrease in natural gas payables |
| Employee compensation payable | 4,648,453.24 | 46,238,982.57 | -89.95% | Mainly due to the payment of employee compensation related to land acquisition and storage of Shenzhen Nanshan Power Zhongshan Company in the current period, resulting in a decrease in employee compensation payable |
| Taxes payable | 296,962.89 | 3,089,330.47 | -90.39% | Mainly due to the decrease in value-added tax payable |
| Income statement items | January-March 2024 | January-March 2023 | Year-on-year increase or decrease | Description of changes |
| Operating revenue | 80,580,975.91 | 111,067,616.64 | -27.45% | Mainly because Shenzhen Nanshan Power Zhongshan Company no longer engaged in power production and sales business due to shutdown units and land acquisition and storage in the current period, and the operating revenue decreased year-on-year |
| Operating costs | 87,874,016.00 | 126,842,855.91 | -30.72% | Mainly because Shenzhen Nanshan Power Zhongshan Company no longer engaged in power production and sales business due to shutdown units and land acquisition and storage in the current period, resulting in a decrease in the operating costs on a year-on-year basis |
| Selling and distribution expenses | 877,286.87 | 62,973.97 | 1293.09% | Mainly due to the Company's continued efforts to strengthen project development and vigorously expansion of its business in the field of integrated energy service, resulting in an increase in the selling and distribution expenses on a year-on-year basis |
| R&D expenses | 3,803,023.78 | 5,693,516.08 | -33.20% | Mainly due to the decrease in R&D projects in the current period compared with the same period last year, resulting in a decrease in R&D expenses |
| Financial expenses | 3,174,568.27 | 5,148,233.99 | -38.34% | Mainly due to the Company's optimization of the asset and liability structure and continued reduction of financing costs, resulting in a decrease in the financial expenses on a year-on-year basis |
| Investment income | 1,854,861.43 | 5,012,807.20 | -63.00% | Mainly due to the decrease in the size of financial assets held for trading, resulting in a decrease in investment income on a year-on-year basis |
| Statement of cash flows items | January-March 2024 | January-March 2023 | Year-on-year increase or decrease | Description of changes |
| Net cash flows from operating activities | -71,854,442.05 | -36,865,225.55 | -94.91% | Mainly due to the payment of employee compensation related to the land acquisition and storage of Shenzhen Nanshan Power Zhongshan Company in the current period, resulting in a decrease in the net cash flows from operating activities on a year-on-year basis |
| Net cash flows from investing activities | -221,147,900.68 | -186,966,454.48 | -18.28% | Mainly due to the new investment in Shenzhen New Energy Storage Industry Equity Fund in the current period, resulting in a decrease in the net cash flows from investing activities on a year-on-year basis |
| Net cash flows from financing activities | 79,321,416.35 | -127,709,340.67 | 162.11% | Mainly due to the Company's optimization of its asset and liability structure, the cash paid for debt repayment decreased year-on-year during the current period, resulting in an increase in the net cash flows from financing activities on a year-on-year basis |
| Net increase in cash equivalents | -213,664,305.88 | -351,657,204.93 | 39.24% | Mainly due to the Company's optimization of its asset and liability structure, resulting in a decrease in the cash paid for debt repayment in the current period on a year-on-year basis, and an increase in the net increase in cash and cash equivalents on a year-on-year basis |
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 | 54,471 | 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 | 0 | Not applicable | |
| Shenzhen Guangju Industrial Co., Ltd. | State-owned legal person | 12.22% | 73,666,824 | 0 | Not applicable | |
| Shenzhen Energy Corporation | State-owned legal person | 10.80% | 65,106,130 | 0 | Not applicable | |
| Zeng Ying | Domestic natural person | 1.19% | 7,159,600 | 0 | Not applicable | |
| BOCI SECURITIES LIMITED | Overseas legal person | 0.92% | 5,552,215 | 0 | Not applicable | |
| China Merchants Securities (Hong Kong) Co., Ltd. | Overseas legal person | 0.90% | 5,402,154 | 0 | Not applicable | |
| Meiyi Investment Real Estate Co., Ltd. | Domestic non-state-owned legal person | 0.87% | 5,223,200 | 0 | Not applicable | |
| LISHERYNZHANMING | Overseas natural person | 0.66% | 4,005,959 | 0 | Not applicable | |
| Haitong International Securities Company Limited-Account Client | Overseas legal person | 0.65% | 3,908,357 | 0 | Not applicable | |
| Huang Yilong | Domestic natural person | 0.64% | 3,866,500 | 0 | Not applicable | ||
| Shareholdings of the top 10 shareholders without selling restrictions | |||||||
| Name | Number of shares held without selling restrictions | Type of shares | |||||
| Type of shares | Quantity | ||||||
| HONG KONG NAM HOI (INTERNATIONAL) LTD | 92,123,248 | Domestic listed foreign shares | 92,123,248 | ||||
| Shenzhen Guangju Industrial Co., Ltd. | 73,666,824 | Renminbi ordinary shares | 73,666,824 | ||||
| Shenzhen Energy Corporation | 65,106,130 | Renminbi ordinary shares | 65,106,130 | ||||
| Zeng Ying | 7,159,600 | Domestic listed foreign shares | 7,159,600 | ||||
| BOCI SECURITIES LIMITED | 5,552,215 | Domestic listed foreign shares | 5,552,215 | ||||
| China Merchants Securities (Hong Kong) Co., Ltd. | 5,402,154 | Domestic listed foreign shares | 5,402,154 | ||||
| Meiyi Investment Real Estate Co., Ltd. | 5,223,200 | Renminbi ordinary shares | 5,223,200 | ||||
| LISHERYNZHANMING | 4,005,959 | Domestic listed foreign shares | 4,005,959 | ||||
| Haitong International Securities Company Limited-Account Client | 3,908,357 | Domestic listed foreign shares | 3,908,357 | ||||
| Huang Yilong | 3,866,500 | Renminbi ordinary shares | 3,866,500 | ||||
| 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
Disposal of assets related to the generator units of Shenzhen Nanshan Power Zhongshan Company: On February 6 andFebruary 26, 2024, the 23rd Extraordinary Meeting of the Ninth Board of Directors, the 12th Extraordinary Meeting of the NinthBoard of Supervisors and the 2nd Extraordinary General Meeting in 2024 respectively reviewed and approved the Proposal onListing and Transfer of Assets Related to the Generator Units and Heavy Oil Processing Lines of the Company's Held Subsidiary -Shenzhen Nanshan Power (Zhongshan) Power Co., Ltd., and agreed to list and transfer two generator units and their auxiliary
equipment and other assets of Shenzhen Nanshan Power Zhongshan Company on the Shenzhen United Property and EquityExchange. Shenzhen Nanshan Power Zhongshan Company was officially listed twice on Shenzhen United Property and EquityExchange on March 7 and April 9.IV. Quarterly financial statements(I) Financial statements
1. Consolidated balance sheet
Prepared by: Shenzhen Nanshan Power Co., Ltd.
Unit: RMB
| Item | Ending balance | Beginning balance |
| Current assets: | ||
| Monetary funds | 102,511,047.91 | 316,188,782.49 |
| Balances with clearing companies | ||
| Loans to banks and other financial institutions | ||
| Financial assets held for trading | 394,000,000.00 | 226,000,000.00 |
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 104,041,878.72 | 111,975,251.10 |
| Receivables financing | ||
| Advances to suppliers | 29,475,887.35 | 26,869,175.59 |
| Premiums receivable | ||
| Reinsurance accounts receivable | ||
| Receivable reinsurance contract reserve | ||
| Other receivables | 26,917,754.49 | 19,233,117.52 |
| Including: interest receivable | ||
| Dividends receivable | ||
| Financial assets purchased under resale agreements | ||
| Inventories | 83,170,946.16 | 86,158,251.16 |
| Including: data resources | ||
| Contract assets | 88,000.00 | 88,000.00 |
| Assets held for sale | ||
| Non-current assets due within one year | ||
| Other current assets | 232,138,911.80 | 232,865,968.63 |
| Total current assets | 972,344,426.43 | 1,019,378,546.49 |
| Non-current assets: | ||
| Issuance of loans and advances | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivables | ||
| Long-term equity investments | 90,008,131.80 | 90,001,176.04 |
| Other investments in equity instruments | 350,615,000.00 | 300,615,000.00 |
| Other non-current financial assets |
| Investment properties | 1,622,927.41 | 1,664,566.60 |
| Fixed assets | 568,581,622.07 | 571,482,734.35 |
| Construction in progress | 4,316,226.27 | 3,448,855.10 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 906,778.55 | 2,266,946.42 |
| Intangible assets | 19,263,396.54 | 19,285,629.03 |
| Including: data resources | ||
| Development expenses | ||
| Including: data resources | ||
| Goodwill | ||
| Long-term deferred expenses | 3,588,058.60 | 3,891,832.93 |
| Deferred tax assets | 1,172,366.49 | 1,172,366.49 |
| Other non-current assets | 43,036,962.68 | 36,157,735.24 |
| Total non-current assets | 1,083,111,470.41 | 1,029,986,842.20 |
| Total assets | 2,055,455,896.84 | 2,049,365,388.69 |
| Current liabilities: | ||
| Short-term borrowings | 386,275,332.21 | 341,237,886.72 |
| Borrowing from the Central Bank | ||
| Borrowings from banks and other financial institutions | ||
| Financial liabilities held for trading | ||
| Derivative financial liabilities | ||
| Notes payable | 40,000,000.00 | |
| Accounts payable | 1,121,465.81 | 4,342,166.50 |
| Advances from customers | ||
| Contract liabilities | 287,000.00 | |
| 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 | 4,648,453.24 | 46,238,982.57 |
| Taxes payable | 296,962.89 | 3,089,330.47 |
| Other payables | 15,286,426.96 | 13,973,447.42 |
| Including: interest payable | ||
| Dividends payable | ||
| Handling charges and commissions | ||
| Reinsurance accounts payable | ||
| Liabilities held for sale | ||
| Non-current liabilities due within one year | 1,016,730.20 | 3,926,326.45 |
| Other current liabilities | 11,990.26 | |
| Total current liabilities | 448,944,361.57 | 412,808,140.13 |
| Non-current liabilities: | ||
| Reserves for insurance contract |
| Long-term borrowings | 59,884,372.43 | 58,829,426.30 |
| Bonds payable | ||
| Including: preferred shares | ||
| Perpetual bonds | ||
| Lease liabilities | 15,000,000.00 | 15,000,000.00 |
| Long-term payables | ||
| Long-term employee compensations payable | ||
| Estimated liabilities | ||
| Deferred income | 66,282,624.37 | 67,869,348.07 |
| Deferred tax liabilities | ||
| Other non-current liabilities | 104,045,112.54 | 104,045,112.54 |
| Total non-current liabilities | 245,212,109.34 | 245,743,886.91 |
| Total liabilities | 694,156,470.91 | 658,552,027.04 |
| 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 | -2,500,000.00 | -2,500,000.00 |
| Special reserve | 915,232.60 | |
| Surplus reserve | 332,908,397.60 | 332,908,397.60 |
| General risk reserve | ||
| Undistributed profits | 134,275,556.63 | 163,346,776.24 |
| Total equity attributable to the owners of the parent company | 1,431,132,704.93 | 1,459,288,691.94 |
| Minority interests | -69,833,279.00 | -68,475,330.29 |
| Total owners' equity | 1,361,299,425.93 | 1,390,813,361.65 |
| Total liabilities and owners' equity | 2,055,455,896.84 | 2,049,365,388.69 |
Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of the FinanceDepartment: Lin Xiaojia
2. Consolidated income statement
Unit: RMB
| Item | Amount incurred in the current period | Amount incurred in previous period |
| I. Total operating revenue | 80,580,975.91 | 111,067,616.64 |
| Including: operating revenue | 80,580,975.91 | 111,067,616.64 |
| Interest income | ||
| Premiums earned | ||
| Handling charges and commission income | ||
| II. Total operating costs | 114,821,905.65 | 155,909,683.28 |
| Including: operating costs | 87,874,016.00 | 126,842,855.91 |
| Interest expenses | ||
| 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 | 221,276.34 | 637,958.75 |
| Selling and distribution expenses | 877,286.87 | 62,973.97 |
| G&A expenses | 18,871,734.39 | 17,524,144.58 |
| R&D expenses | 3,803,023.78 | 5,693,516.08 |
| Financial expenses | 3,174,568.27 | 5,148,233.99 |
| Including: interest expenses | 3,834,570.17 | 7,293,315.78 |
| Interest income | -667,274.30 | -2,373,844.43 |
| Plus: other income | 2,026,590.29 | 2,002,061.76 |
| Investment income (losses expressed with "-") | 1,854,861.43 | 5,012,807.20 |
| Including: investment income from associates and joint ventures | 6,955.76 | 141,762.68 |
| 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 "-") | ||
| III. Operating profit (losses expressed with "-") | -30,359,478.02 | -37,827,197.68 |
| Plus: non-operating revenue | 37,730.70 | 3,975,125.39 |
| Less: non-operating expenses | 107,421.00 | 10,458.26 |
| IV. Total profit (total losses expressed with "-") | -30,429,168.32 | -33,862,530.55 |
| Less: income tax expenses | 9,136.05 | |
| V. Net profit (losses expressed with "-") | -30,429,168.32 | -33,871,666.60 |
| (I) Classification by business continuity | ||
| 1. Net profit from continuing operations (net losses expressed with "-") | -30,429,168.32 | -33,862,530.55 |
| 2. Net profit from discontinued operations (net losses expressed with "-") |
| (II) Classification by ownership | ||
| 1. Net profit attributable to owners of the parent company | -29,071,219.61 | -31,147,959.30 |
| 2. Minority interest income | -1,357,948.71 | -2,723,707.30 |
| 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 | -30,429,168.32 | -33,871,666.60 |
| Total comprehensive income attributable to owners of the parent company | -29,071,219.61 | -31,147,959.30 |
| Total comprehensive income attributable to minority shareholders | -1,357,948.71 | -2,723,707.30 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share | -0.0482 | -0.0517 |
| (II) Diluted earnings per share | -0.0482 | -0.0517 |
For business combination under the common control that occurred in the current period, the net profit realized by the combinedparty before the combination was: RMB , and the net profit realized by the combined party in the previous period was: RMB .Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of the FinanceDepartment: 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 | 98,704,722.15 | 118,687,636.19 |
| 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 | ||
| Other cash received related to operating activities | 9,930,608.14 | 7,112,925.06 |
| Sub-total of cash inflows from operating activities | 108,635,330.29 | 125,800,561.25 |
| Cash paid for purchase of goods and acceptance of services | 93,167,965.39 | 114,751,562.51 |
| 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 | 65,632,162.97 | 30,874,421.30 |
| Taxes and fees paid | 11,055,674.24 | 8,332,669.15 |
| Payments of other cash related to operating activities | 10,633,969.74 | 8,707,133.84 |
| Sub-total of cash outflows from | 180,489,772.34 | 162,665,786.80 |
| operating activities | ||
| Net cash flows from operating activities | -71,854,442.05 | -36,865,225.55 |
| II. Cash flows from investing activities: | ||
| Recovery of cash received from investment | ||
| Cash received from investment income | 152,905.73 | 4,871,044.52 |
| Net cash recovered from disposal of fixed assets, intangible assets and other long-term assets | 553,380.00 | |
| 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 | 13,152,905.73 | 5,424,424.52 |
| Cash paid for the acquisition and construction of fixed assets, intangible assets and other long-term assets | 3,300,806.41 | 2,390,879.00 |
| Cash paid for investments | 50,000,000.00 | 110,000,000.00 |
| Net increase in pledge loans | ||
| Net cash paid for acquisition of subsidiaries and other business units | ||
| Payments of other cash related to investing activities | 181,000,000.00 | 80,000,000.00 |
| Sub-total of cash outflows from investing activities | 234,300,806.41 | 192,390,879.00 |
| Net cash flows from investing activities | -221,147,900.68 | -186,966,454.48 |
| 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 | 98,558,036.22 | 51,185,377.44 |
| Other cash received related to financing activities | ||
| Sub-total of cash inflows from financing activities | 98,558,036.22 | 51,185,377.44 |
| Cash paid for debt repayment | 13,901,933.75 | 175,373,796.22 |
| Cash paid for distribution of dividends, profits or interest payments | 3,724,022.12 | 3,520,921.89 |
| Including: dividends and profits paid by subsidiaries to minority shareholders | ||
| Payments of other cash related to financing activities | 1,610,664.00 | |
| Sub-total of cash outflows from financing activities | 19,236,619.87 | 178,894,718.11 |
| Net cash flows from financing activities | 79,321,416.35 | -127,709,340.67 |
| IV. Impact of fluctuation in exchange rate on cash and cash equivalents | 16,620.50 | -116,184.23 |
| V. Net increase in cash and cash equivalents | -213,664,305.88 | -351,657,204.93 |
| Plus: beginning balance of cash and cash equivalents | 310,734,919.56 | 648,021,672.06 |
| VI. Ending balance of cash and cash equivalents | 97,070,613.68 | 296,364,467.13 |
Legal representative: Kong Guoliang Chief Accountant: Chen Yuhui Chief Financial Officer: Zhang Xiaoyin Head of the FinanceDepartment: Lin Xiaojia(II) Items related to the financial statements for 2024 in which the adjustments of newaccounting standards are implemented
□Applicable? Not applicable
(III) Audit report
Whether 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 26, 2024
附件：公告原文