Summary of the Annual Report of Shenzhen Nanshan Power Co. Ltd. of 2022

Stock code: 000037 200037 Short Form of Stock: Shen Nan Dian A Shen Nan Dian B No.: 2023-018

Summary of the Annual Report of Shenzhen Nanshan Power

Co. Ltd. of 2022

1Summary of the Annual 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 □Not Applicable

II. Company information

1. Company profile

Stock abbreviation 000037 200037 Stock code Shen Nan Dian A 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

16/F-17/F Hantang Building OCT Nanshan

Office address

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 900000 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.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

2Summary of the Annual Report of Shenzhen Nanshan Power Co. Ltd. of 2022

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

(1) Main accounting data and financial indexes for recently three years

Whether it has retroactive adjustment or re-statement on previous accounting data or not

□ Yes No□

Unit: RMB

Year end of 2022 Year end of 2021 Increase/decrease y-o-y Year end of 2020

Total assets 2606216345.99 2790002824.41 -6.59% 3020830930.06

Net assets attributable to

shareholders of the listed 1455129894.84 1615293135.51 -9.92% 2054741847.64

company

Changes in the current

2022 2021 year over the previous 2020

year (+-)

Operating income 694227657.28 757175743.41 -8.31% 985253831.58

Net profit attributable to

shareholders of the listed -160163240.67 -439448712.13 63.55% 64024291.32

company

Net profit attributable to

shareholders of the listed

Company after deducting -225967573.71 -514142213.75 56.05% 7601038.59

non-recurring gains and

losses

Net cash flows from

207168402.26-39258302.07627.71%260725409.02

operating activities

Basic earnings per share

-0.2657-0.729163.56%0.1062

(RMB/share)

Diluted earnings per share

-0.2657-0.729163.56%0.1062

(RMB/share)

Return on weighted average Up 13.52 percentage

-10.43%-23.95%3.15%

net assets points

(2) Quarterly main accounting data

Unit: RMB

Q1 Q2 Q3 Q4

Operating income 75090604.86 154152937.21 296803666.77 168180448.44

Net profit attributable to

shareholders of the listed -38834600.08 -55263549.01 -48481519.82 -17583571.76

company

Net profit attributable to

shareholders of the listed

Company after deducting -53403178.00 -74102376.48 -65686340.91 -32775678.32

non-recurring gains and

losses

Net cash flows from

-34049453.61234637536.9118368492.90-11788173.94

operating activities

Whether there are significant differences between the above-mentioned financial indexes or its total number and the relevant

financial indexes disclosed in the Company's quarterly report and semi-annual report

□ Yes No□

3Summary of the Annual Report of Shenzhen Nanshan Power Co. Ltd. of 2022

4. Shares and shareholders

(1) Particulars about ordinary shareholders preferred shareholders with voting rights recovered and top ten shareholders

Unit: share

Total number Total number

Total number

of ordinary of preferred

of Total number of preferred

shareholders shareholders

shareholders shareholders whose voting

as of the end whose voting

in the rights were restored at the

42912 of the month 38525 rights were 0 0

ordinary end of the month prior to

preceding restored at

shares at the the date of annual report

the date of end of the

end of the disclosed

annual report reporting

period

disclosed period

Top ten shareholders

Number of shares Pledge marking or freezing

Nature of Shareholding Number of shares

Shareholders' name held with restrictive

shareholders ratio held State of

conditions for sales Quantity share

HONG KONG NAM HOI Overseas

15.28%92123248

(INTERNATIONAL) LTD. legal person

Shenzhen Guangju State-owned

12.22%73666824

Industrial Co. Ltd. legal person

Shenzhen Energy Group State-owned

10.80%65106130

Co. Ltd. legal person

BOCI SECURITIES Overseas

2.34%14109038

LIMITED legal person

Domestic

Zeng Ying natural 1.19% 7159600

persons

China Merchants Securities Overseas

0.90%5430728

(HK) Co. Ltd. legal person

Domestic

Meiyi Investment Real non-state-

0.87%5223200

Estate Co. Ltd. owned legal

person

Haitong International

Overseas

Securities Company 0.65% 3908357

legal person

Limited-Account Client

Domestic

Huang Yilong natural 0.64% 3866500

persons

Domestic

Li Baoqin natural 0.51% 3048150

persons

Explanation of the 1. The Shenzhen Energy Group Co. Ltd. holds 100% equity in the HONG KONG NAM HOI

association or acting in (INTERNATIONAL) LTD..concert of the above- 2. The company does not know whether the above-mentioned other public shareholders have any

mentioned shareholders association or are persons acting in concert.Shareholders involving

margin business (if No

applicable)

(2) Total preferred shareholders of the Company and shares held by top ten preferred shareholders

□Applicable □Not applicable

The Company has no preferred shareholders during the reporting period.

4Summary of the Annual Report of Shenzhen Nanshan Power Co. Ltd. of 2022

(3) Disclosure of the Company's property rights and control relationships in the form of a block chart

5. Bonds in existence as of the approval date of the annual report

□Applicable □Not applicable

III. Important matters

During the reporting period there are no significant changes in the Company's operating conditions. For other important matters

please refer to the full text of the Annual Report 2022 of the Company.

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