Stock code: 000037, 200037 Short Form of Stock: Shen Nan DianA, Shen Nan Dian B No.: 2023-018
Summary of theAnnual Report of Shenzhen Nanshan Power
Co., Ltd. of 2022
I. Important notes
The summary is abstract from full text of the annual report. For more details of operating results, financial condition and future
development plan of the Company, investors should refer to the full text of the annual report published on media designated by
CSRC.
Except independent director Mr. Chen Zetong was unable to personally attend the Board Meeting to review annual report due to
work reasons, authorized independent director Mr. Du Wei to attend the meeting and exercise voting rights on his behalf. All other
directors attended the Board Meeting for annual report deliberation.
Prompt of non-standard audit opinion
□Applicable Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting
period
□Applicable Not applicable
The Company plans not to pay cash dividends, issue bonus shares and increase share capital by converting from public reserves this
year.
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□Applicable NotApplicable
II. Company information
1. Company profile
Stock abbreviation 000037, 200037 Stock code Shen Nan DianA, Shen Nan Dian B
Stock exchange for listing Shenzhen Stock Exchange
Person/Way to contact Secretary of the Board of Directors Securities affairs representative
Name Zou Yi
Office address 16/F-17/F, Hantang Building, OCT, Nanshan
District, Shenzhen, Guangdong Province
Fax 0755-26003684
Tel. 0755-26003611
Email investor@nspower.com.cn
2. Main business or product introduction in the reporting period
The main business of the Company is production and operation of power supply and heating, as well as technical consulting and
service related to power station (plants). 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: 3×180,000KW, Zhongshan Nanlang Power Plant: 2×180,000KW).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.
On February 21, 2022, after deliberation and approval at the 5th extraordinary meeting of the 9th Board of Directors of the Company,
the Company started the shutdown and decommissioning of two 9E gas turbines of Shen Nan Dian Zhongshan Company, and
submitted its application for shutdown and decommissioning to the Guangdong Province Energy Bureau on November 24, 2022.
Shen Nan Dian Zhongshan Company will continue its power generation business before obtaining the approval, which will not have
a significant impact on the current production and operation of the Company and Shen Nan Dian Zhongshan Company.
During the reporting period, the electricity business faced many challenges, such as repeated Covid-19 epidemic, fierce electric
power market competition and high fuel prices. In order to minimize the negative impact of the external environment on the
Company's operating performance, the Company implemented a series of business layout and management changes with innovative
thinking and tenacious perseverance, defined the annual business objectives and guidelines, took major targeted measures, constantly
strengthened the economic operations management on the basis of continuously intensifying work safety management. Complying
with the accelerating trend of electric power market reform in Guangdong province, the Company organized two subordinate power
plants to actively participate in the electricity market-oriented marketing competition and achieved good results, and made
contributions to reduce losses.
During the reporting period, the Company's non-electricity business also faced tremendous pressures and challenges. The Shen Nan
Dian Engineering Company continues to develop technical consulting and technical services for domestic gas turbine power plant
construction while resisting the pressure of epidemic control and prevention and promoting overseas projects. The Shen Nan Dian
Environment Protection Company has shifted its focus to exploring the path of business transformation and upgrading due to the
environmental protection pressure and the adjustment of Shenzhen municipal sludge disposal route.
3. Main accounting data and financial indexes
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