深南电Ｂ：2010年年度报告（英文版） .ppt

,Shenzhen Nanshan Power Co.,Ltd.,Full Text of Annual Report 2010,SHENZHEN NANSHAN POWER CO.,LTDAnnual Report 2010Notice No.:2011016April 15,20111,26,Shenzhen Nanshan Power Co.,Ltd.,Full Text of Annual Report 2010,Important NoticeThe Board of Directors and its directors,Supervisory Committee and its supervisors,seniorexecutives of Shenzhen Nanshan Power Co.,Ltd.(hereinafter referred to as the Company)hereby confirm that there are no false recordation,misleading statements or material omissionscarried in this report,and shall take all responsibilities,individually and/or jointly,for thereality,accuracy and completeness of the whole contents.Director Yu Chunling,Director He Yingyi and Independent Director Yu Xiufeng were notpresent the meeting due to work,and entrusted Director Huangfu Han,Deputy Chairman SunYulin and Independent Zhou Chenxin respectively to attend and vote on each behalf;The boardof directors reviewed and passed full text of 2010 annual report.Deloitte Touche Tohmatsu CPA Ltd.issued unqualified Auditors Report with explanatoryparagraph for the Company.The board of directors and board of supervisors of the companyalso specify relevant items in details and the investors shall read carefully.Yang Haixian,president of the company,Fu Bo,executive director as well as Lu Xiaoping,CFO,and Huang Jian,manager of financial management department declare that:the financialreport in the annual report is true and complete.This report has been prepared in Chinese and English version respectively.In the event ofdifferences in interpretation between the two versions,the Chinese report shall prevail.ContentsI.Company Profile _ 3II.Abstract of Accounting Highlights and Business Highlights _ 5III.Changes in Share Capital and Particulars about Shareholders _ 8IV.Particulars about Directors,Supervisors and Senior Executives and Staffs_ 12V.Administrative StructureVII.Report of the Board of Directors _ 27VIII.Report of the Supervisory Committee _ 40IX.Significant Events_ 42X.Financial Report_ 50XI.Contents of Documents for Reference _ 502,Shenzhen Nanshan Power Co.,Ltd.,Full Text of Annual Report 2010,I.Company Profile(I)Legal name in Chinese:深圳南山热电股份有限公司Legal name in English:SHENZHEN NANSHAN POWER CO.,LTD(II)Legal Representative:Yang Haixian(III)Secretary of the Board:Hu QinTel:(0755)26948888Fax:(0755)26003684E-mail:Contact address:16/F-17/F,Hantang Building,OCT,Nanshan District,Shenzhen,China.(IV)Registered Address:No.2097 Yueliangwan Avenue,Nanshan District,Shenzhen,China.Post Code:518052Office Address:16/F-17/F,Hantang Building,OCT,Nanshan District,Shenzhen,ChinaPost Code:518053Website:http:/E-mail:(V)Newspapers Designated for publishing notices:Securities Times,China Securities Journaland Hong Kong Comercial Daily.Website desinated by China Securities Regulatory Committee for publishing semi-annualreport:http:/Place Where the Annual Report is Prepared and Placed:Secretariat of the Board(VI)Stock Exchange Listed with:Shenzhen Stock ExchangeShort Form of the Stock and Stock Code:Shen Nan Dian A 000037Shen Nan Dian B 200037(VII)Other Relevant Information:Initial Registration Date:April 6,1990Initial Registration Address:Nanshan Jiaozui,Nanshan District,ShenzhenRegistration Address after the Change:No.2097,Moon Bay Avenue,Nanshan District,ShenzhenRegistration code of the enterprise business license:440301501125497Registration code of taxation:YSW Zi No.440305930100069(14)Organization Code:618815121Name of CPAs engaged by the Company:Deloitte Touche Tohmatsu CPA Ltd.Office address of CPA:the 30/F,Bund Center,No.222.East Yan An Road,Shanghai,China(IX)DefinitionCompany,the Company:Shenzhen Nanshan Power Co.,Ltd.Server Company:Shenzhen server Petrochemical Supplying Co.,Ltd.with 50%shares held bythe CompanyNew Power Company:Shenzhen New Power Industry Co.,Ltd.whose 100%equity3,Shenzhen Nanshan Power Co.,Ltd.,Full Text of Annual Report 2010,held by the Company;Singapore Company:Shen Nan Energy(Singapore)Co.,Ltd.whose 100%equity is held bythe Company;Syndisome Company:HONG KONG SYNDISOME CO.,LIMITED;Shen Nan Dian Engineering Company:Shenzhen Nanshan Power Turbine EngineeringTechnology Co.,Ltd.whose 100%equity is held by the Company;Shen Nan Dian Zhongshan Co.,Ltd.:Shenzhen Nanshan Power(Zhongshan)Power Co.,Ltd.whose 80%equity is held by the Company;Shen Nan Dian Dongguan Company:Shenzhen Nanshan Power(Dongguan)Weimei PowerCo.,Ltd.whose 70%equity is held by the Company;Shen Nan Dian Envionment Protection Company:Shenzhen Nanshan Power EnvionmentProtection Co.,Ltd.whose 100%equity is held by the Company;Wenergy Tongling Company:Wenergy Tongling Power Co.,Ltd.Shenergy Environmental Company:Shenzhen Energy Environmental Co.,Ltd.whose 10%equity is held by the Company;Nanshan Power Plant:Nanshan Power Plant who is the second degree institution of ShenzhenNanshan Power Co.,Ltd.;Zhongshan Nam Long Power Plant:Zhongshan Nam Long Power Plant of Shenzhen NanshanPower(Zhongshan)Power Co.,Ltd.;Dongguan Gaobu Power Plant:Dongguan Gaobu Plant of Shenzhen Nanshan Power(Dongguan)Weimei Power Co.,Ltd.;Shenzhong Property Company:Zhongshan Shenzhong Real Estate Development Co.,Ltdwhose 75%equity is held by the Company;Shenzhong Real Estate Company:Zhongshan Shenzhong Real Estate Investment Property Co.,Ltd.whose 75%equity is held by the Company;Jiangxi Xinchang Company:Jiangxi CPI Xinchang Power Generation Co.,Ltd.;Jiangxi Pengze Nuclear Power Company:CPI Jiangxi Nuclear Power Co.,Ltd.whose 5%equity is held by the Company;CSRC:China Securities Regulatory Committee;SZSRB:Shenzhen Securities Regulatory Bureau;SZSE:Shenzhen Stock Exchange;Designated newspapers:Securities Times,China Securities Journal and Hong Kong ComercialDaily;RMB:Unless otherwise specified,the standard currency in the financial data or unit refers toRenminbi.4,Shenzhen Nanshan Power Co.,Ltd.,Full Text of Annual Report 2010,II.Abstract of Accounting Highlight and Business Highlight(I)Major accounting highlight of the year(Unit:RMB),ItemsOperating profitTotal profitNet profit attributable to shareholders of thelisted companyNet profit attributable to shareholders of thelisted company after deducting non-recurringgains and lossesNet cash flow arising from operating activitiesItems and amount after deducting non-recurrent gains and lossItemsNet profitDecrease:earnings from disposal ofnon-current assetsGovernment subsidies calculated in currentgains and loss(closely relevant to corporatebusiness,excluding fixed amount or fixedquantity of government subsidies inaccordance with national united standard)Earnings from debts reorganizationPrepared loss return of accounts receivablewhich independently receive the loss testOther non-operating income and expenseexcept each item aboveIncome tax influence number of non-recurringprofit and lossNet(loss)/profit excluding non-recurringprofit and lossAttributable to shareholders of parentcompanyEquity of minority shareholders,Amount-930,388,612.63-98,645,669.78-114,638,678.20-240,261,931.2725,897,944.97(Unit:RMB)Amount-123,433,431.8311,170,697.7050,0001,680,000169,814,893.34-35,825,730.26-270,323,292.61-240,261,931.27-30,061,361.34,(II)Adjustment on Profit and Net Assets According to International AccountingStandardsIn the report period,there are no differences on the net profits and net assets at home andaboard.5,of,or,to,0,Shenzhen Nanshan Power Co.,Ltd.,Full Text of Annual Report 2010,(III)Major financial data and indexes over the latest three years:1.Major accounting dataUnit:RMBIncrease,2009,or,2008,Items,2010,decreaseover thatof last,Before,Before adjustment,After adjustment,year(%),adjustment,After adjustment,Operating incomeTotal profit,1,601,730,465.30-98,645,669.78,1,867,829,757.71131,976,361.23,1,867,829,757.71131,976,361.23,-14.25-174.74,3,156,551,549.9764,759,837.86,3,156,551,549.9764,759,837.86,Net profit attributable to,shareholders,the,-114,638,678.20,74,115,448.64,74,088,210.90,-254.73,10,763,920.54,10,467,601.80,listed companyNet profit attributable to,shareholders,of,the,listed,company,after,-240,261,931.27,55,653,062.62,55,625,824.88,-531.93,-57,432,714.45,-57,729,033.19,deducting non-recurringgains and lossesNet cash flow arising,from,operating,25,897,944.97,348,353,702.91,348,353,702.91,-92.57,331,500,520.47,331,500,520.47,activitiesIncrease,At the end of 2009,decrease,At the end of 2008,Items,At the end of 2010,over thatof end oflast year,Before,Before adjustment,After adjustment,(%),adjustment,After adjustment,Total assets,5,278,954,349.90,4,926,596,324.59,4,926,596,324.59,7.15,4,985,939,525.71,4,985,939,525.71,Shareholders,equity,attributable,listed,1,735,842,488.46,1,847,287,676.40,1,850,481,166.66,-6.20,1,773,172,227.76,1,779,586,446.01,company,Share capital,602,762,596.00,602,762,596.00,602,762,596.00,602,762,596.00,602,762,596.00,2.Major financial indexes in recent 3 years:Increase,Items,2010,2009,ordecrease,2008,Before,After,over that,Before,After,6,-,-,-,Shenzhen Nanshan Power Co.,Ltd.,Full Text of Annual Report 2010,adjustment,adjustment,of lastyear(%),adjustment,adjustment,Basic earnings per share(RMB/Share)Diluted earnings per share(RMB/Share),-0.19Notapplicable,0.12Notapplicable,0.12Notapplicable,-258.33,0.02Notapplicable,0.02Notapplicable,Earnings per share calculated based on latest share,capital(RMB/Share),-0.19,0.12,0.12,-258.33,0.02,0.02,Basic earnings per share after deducting non-recurring,gains and losses(RMB/Share)Weighted average return on equity(%),-0.40-6.39,0.094.09,0.094.09,-544.44-256.23,-0.100.61,-0.100.59,Weighted average return on equity after deducting,non-recurring gains and losses(%),-13.40,3.07,3.07,-536.48,-3.24,-3.24,Net cash flow arising from operating activities per,share(RMB/Share),0.04,0.58,0.58,-93.10,0.55,0.55,Items,At theend of2010,At the end of2009Before Afteradjust adjustme,Increaseordecreaseover thatof last,At the end of 2008Before After,ment,nt,year(%),adjustment,adjustment,Net asset per share attributable to shareholders of listedcompany(RMB),2.88,3.06,3.07,-6.19,2.94,2.95,(IV)Attached Table of the Profit Statement in the Report Period,Profit in the report period,Weighted average netassets income rate(%),Earnings per share(RMB)Basic earnings of perDiluted earnings per shareshare,Net profit attributable to common,-6.39,-0.19,Inapplicable,shareholders of listed companyNet profit attributable to common,shareholders of listed company after,-13.40,-0.40,Inapplicable,deducting non-recurring gains andlosses(V)Statement of Provision for Loss of Assets(Unit:RMB),Book balance at Increased value,Decreased value of the current,Book balance at,Item,the beginning of,of the current,period,the end of the,the year,period,Reverse,Charge-off,year,I.Bad debt reserve,36,298,076.88,278,021.50,1,680,000.00,34,896,098.38,II.Inventory falling price reservesIII.Depreciation reserves for long-term,61,830,305.4121,817,300.00,5,718,263.06,1,128,922.47,495,519.1219,317,300.00,65,924,126.882,500,000.00,equity investment,IV.Depreciation reserves for fixed,28,328,133.00,5,620,433.76,967,429.38,32,981,137.38,assets7,-,-,-,-,-,-,-,-,0,Shenzhen Nanshan Power Co.,Ltd.,Full Text of Annual Report 2010,V.Depreciation reserves for project,14,036,855.79,753,840.36,14,790,696.15,under construction,VI.Depreciation reserves for intangibleassetsVII.Other depreciation reserves,5,115,063.71,1,633,199.83,5,115,063.711,633,199.83,Total,167,425,734.79,14,003,758.51,2,808,922.47,20,780,248.50,157,840,322.33,III.Changes in Share Capital and Particulars about Shareholders(I)Changes in share capital,1.Statement of changes in shares(End of Dec.31,2010)Increase/Decre,Unit:Share,Content,Before the Changes,ase in theChange(+,-),After the Changes,Amount,Proportion(%),Others,Amount,Proportion(%),I.Restricted shares,12,993,0.002,12,993,0.002,1.State-owned shares,2.State-ownedpersons shares,legal,0,0,0,0,3.Other domestic shares,Including:,Domestic,non-state-owned,legal,persons sharesDomestic natural personsshares4.Foreign sharesIncluding:Foreign legalpersons sharesForeign natural personsshares,5.Seniorshares,executives,12,993,0.002,12,993,0.002,II.Unrestricted shares1.RMB Ordinary shares,602,749,603338,895,157,99.99856.224,602,749,603338,895,157,99.99856.224,2.Domesticallyforeign shares,listed,263,854,446,43.774,263,854,446,43.774,3.Overseas listed foreignshares4.Others,III.Total shares,602,762,596,100,602,762,596,100,Note“Senior executives shares”in restricted shares indicate restricted A-share held by ViceGeneral Manager Zhang Jie at the end of report period.8,-,0,0,0,0,0,0,0,0,0,0,0,0,Shenzhen Nanshan Power Co.,Ltd.,Full Text of Annual Report 2010,2.The changes on restricted sharesUnit:ShareThe,Amount of,Amount of,increased,Amount,Name of the restrictedshareholders,therestrictedshares in,the restrictedsharesreleased in,amountofrestricted,of therestrictedshares in,Reason forrestrictedsales,Name of therestrictedshareholders,year-begin,this year,shares in,year-end,this year,Zhang JieTotal,12,99312,993,00,00,12,99312,993,Legalcondition,(II)Particular about share issuance and listing:1.The company did not issue shares and derivative securities in the past three years.2.In the reporting period,alternation of the total shares and structure,and alternation of theasset and liabilities structure are not caused due to presenting shares,turning to increase sharecapitals,offering shares,further issuing new shares,issuing shares in a non-public way,exercising warrants,implementing share ownership incentive plan,jointing enterprises,transferring convertible bonds,listing internal employee shares,issuing bonds or other causes.3.There are no existing internal employee shares in the company.(III)Particulars about the shareholders and actual controller1.At the end of the reporting period,the total number of the companys shareholders is 45,268,wherein 29,126 is A share shareholders,increased by 2,262 than that of the previous year and16,142 is B share shareholders,increased by 278 than that of the previous year.,2.Particulars about the shares held by shareholders(End of Dec.31,2010),(Unit:share),Total shareholders,45,268Particulars about the shares held by the top ten shareholders,Full Name of shareholderShenzhen Guangju Investment Holding Co.,Ltd,Nature ofshareholdersState-ownedlegal person,TotalProportio amount ofn(%)shares held(Share)17.67%106,495,957,Amount of therestricted sharesheld,Amount of sharespledged or frozen,Hong Kong Nanhai Foreign Firm(International)Foreign legalCo.,Ltd person,15.28%,92,123,248,Shenzhen Energy CorporationTengda Property Co.,Ltd,State-ownedlegal personForeign legalperson,10.80%8.20%,65,106,13049,426,518,State Grid Shenzhen Energy Development Group State-ownedCo.,Ltd legal person,5.97%,35,999,805,Yan TiangongLi Weiping,Domestic natural personDomesticnatural person,0.55%0.36%,3,300,0002,165,690,UnknownUnknown,9,0,0,0,Shenzhen Nanshan Power Co.,Ltd.,Full Text of Annual Report 2010,Zhongshan Changli Real Estate DevelopmentCo.,LtdGoldbond Securities Holding LimitedYang Shimin,OtherForeign legalpersonDomesticnatural person,0.29%