Stock Code: 000037 200037 Notice No.: 2020-041

Short Form of the Stock: Shen Nan Dian A Shen Nan Dian B

Shenzhen Nanshan Power Co. Ltd.Summary of Semi-Annual Report 2020

I. Important Notice

The summary is abstract from full-text of semi-annual report for more details of operating results financial condition and future

development plan of the Company; investors should found in the full-text of semi-annual report that published on media appointed

by CSRC.

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 has no plans of cash dividend distributed no bonus shares and has no share converted from capital reserve.Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period

□ Applicable √ Not applicable

II. Company profile

1. Company Profile

Short form of the stock Shen Nan Dian A

Shen Nan Dian B

Stock code 000037 200037

Stock exchange for listing Shenzhen Stock Exchange

Person/Way to contact Secretary of the Board Rep. of security affairs

Name Zhang Jie

Office add.

16/F-17/F Hantang Building OCT Nanshan

District Shenzhen Guangdong Province

Tel. 0755-26003611

E-mail investor@nspower.com.cn

2. Main accounting data and financial indexes

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

□Yes √ No

Current period Same period of last year

Increase/decrease in this

report y-o-y

Operating revenue (RMB) 518150606.21 408124616.38 26.96%

Net profit attributable to shareholders of

the listed company (RMB)

52040498.42 -25283190.82 -305.83%

Net profit attributable to shareholders of

the listed company after deducting

non-recurring gains and losses (RMB)

10149730.42 -28106510.82 -136.11%

Net cash flow arising from operating

activities (RMB)

69936561.46 56217376.89 24.40%

Basic earnings per share (RMB/Share) 0.09 -0.04 -325.00%

Diluted earnings per share (RMB/Share) 0.09 -0.04 -325.00%

Weighted average ROE 0.51% -1.43% 1.94%

End of current period End of last period

Increase/decrease in this

report-end over that of last

period-end

Total assets (RMB) 3051547885.42 3219261720.55 -5.21%

Net assets attributable to shareholder of

listed company (RMB)

2042758054.74 2002772808.24 2.00%

3. Number of shares and shares held

In Share

Total common stock shareholders in

reporting period-end

23874

Total preference shareholders

with voting rights recovered at

end of reporting period (if

applicable)

0

Top ten shareholders

Full name of

Shareholders

Nature of

shareholder

Proportion of

shares held

Shareholding

numbers

Amount of restricted shares held

Number of share

pledged/frozen

State of share Amount

HONG KONG

NAM HOI

(INTERNATIO

NAL) LTD

Overseas

corporate

15.28% 92123248

Shenzhen

Guangju

Industrial Co.Ltd.State-owned

corporate

12.22% 73666824

Shenzhen

Energy Group

Co. Ltd.

State-owned

corporate

10.80% 65106130

Gaohua－

HSBC－

GOLDMAN

SACHS &

CO.LLC

Overseas

corporate

2.13% 12839723

BOCI

SECURITIES

LIMITED

Overseas

corporate

1.72% 10389282

Liu Fang

Domestic

nature person

1.70% 10237134

China

Merchants

Securities (HK)

Co. Limited

State-owned

corporate

1.32% 7955128

Zeng Ying

Domestic

nature person

1.25% 7559600

Meiyi

Investment

Property Co.Ltd.

Domestic

non-state-owne

d corporate

0.87% 5216700

LI SHERYN

ZHAN MING

Overseas nature

person

0.84% 5067200

Explanation on associated

relationship among the aforesaid

shareholders

1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED are held by

SHENZHEN ENERGY (GROUP) CO. LTD

2. The Company is unknown whether there exists associated relationship or belongs to the

consistent actor among the other shareholders.Shareholders involving margin

business (if applicable)

Among the top ten shareholders Ms. Liu Fang holds 4 031688 shares through credit transaction

guarantee securities account

4. Changes of controlling shareholders or actual controller

Changes of controlling shareholders in reporting period

□ Applicable √ Not applicable

Changes of controlling shareholders had no change in reporting period.

Changes of actual controller in reporting period

□ Applicable √ Not applicable

Changes of actual controller in reporting period had no change in reporting period.

5. Total preferred stock shareholders of the Company and shares held by top ten shareholders with

preferred stock held

□ Applicable √ Not applicable

No preferred stock in reporting period.

6. Corporation Bonds

Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date when

annual report approved for released or fail to cash in full on due

No

III. Discussion and analysis by the Management Team

1. Introduction of operation in the reporting period

In the first half of 2020 the sudden outbreak of novel coronavirus pneumonia brought an unprecedentedly huge impact on China and

the global economy. Affected by the novel coronavirus pneumonia epidemic the demand for power in the whole society has shrunk

sharply. According to statistics from relevant departments from January to June the province’s total electricity consumption was

296.484 billion kWh a year-on-year decrease of 2.07%.

Facing the dual test of the epidemic and the industry situation the company withstood the pressure forged ahead against the trend

strictly implemented the overall deployment and requirements of the Central Committee of the Communist Party of China the State

Council provincial municipal and district governments and higher-level units to respond to the epidemic and earnestly

implemented epidemic prevention and control work while overcoming difficulties to do a good job in production and operation

management and go all out to minimize the negative impact of the epidemic on the company. After the full resumption of work and

production the company intensified its efforts to take serious measures to safe production stock operation and transformation

development. On the premise of ensuring safety and epidemic prevention and control the company has achieved good results in

production operation and management.The first was industrial coordination and strategic cooperation for common development. The company negotiated and transferred

the 70% equity of Shen Nan Dian Dongguan Company it held directly and indirectly to Shenzhen Gas and signed the Resource

Strategic Cooperation Agreement to give full play to the advantages of the two parties in terms of resources technology market and

facilities to achieve resource complementarity enhance the overall competitiveness of both parties in their respective fields and

create conditions for the company to reduce burdens increase efficiency and generate income and seek transformation and

development. The second was one factory one policy and scientific marketing created good results. In the face of the difficult

production situation that the demand for electricity in the society continued to be insufficient from February to April this year on the

one hand the company paid close attention to improving the efficiency and reducing consumption of power generation equipment

and on the other hand it adopted marketing measures such as market-based competition calculation models and "one factory one

policy"marketing strategy strived to seize market opportunities and actively strived for more economic electricity share. At the same

time through strategic cooperation and healthy competition strived to minimize the cost of natural gas procurement. The third was

capital-driven rejected the dross and assimilated the essence to seek transformation. Guided by the annual working ideas of actively

exploring advanced manufacturing life and health new-generation information technology technology and finance and other

high-end manufacturing industry and innovative industry project resources and business fields on the one hand relying on the

platform advantages of major shareholders it’s planned to participate in the investment of Yuanzhi Ruixin New Generation

Information Technology Equity Investment Fund as a limited partner.On the other hand extensively sought opportunities for

high-quality projects and explored effective paths for transformation and development. The fourth was stability and long-term

development guaranteed long-term security to promote development. While doing a good job in fighting the novel coronavirus

pneumonia epidemic the company strived to lay a solid foundation for safe production established and completed a series of safety

index management and production guarantee systems and further strengthened risk classification control and hidden danger

investigation and treatment. As of the end of this reporting period the company has achieved a total of 5895 days of safe production

creating a new situation with the best safety record in the company's history the epidemic prevention and control work has also

achieved phased results.

During the reporting period the Company has achieved a revenue in operation of 5181.5 million Yuan the net profit attributable to

shareholders of the listed company amounted as 52.04 million Yuan and basic EPS was 0.09 Yuan.

2. Relevant items involving financial report

(1) Particulars about the changes in aspect of accounting policy estimates and calculation method

compared with the financial report of last fiscal period

√Applicable □ Not applicable

On 5 July 2017 the Accounting Standards for Business Enterprises No.14- Revenue (hereinafter referred to as New Revenue

Standard) was revised and issued by the Ministry of Finance. The New Revenue Standard requires the enterprises listed at home and

aboard at the same time as well as the enterprise listed aboard and prepare their financial reports using IFRS or accounting standards

for business enterprise shall be implemented from 1 Jan. 2018; other listed enterprise at home shall be implemented from 1 Jan.

2020. In view of this the Company will implement the New Revenue Standard since 1 Jan. 2020.

After assessment the implementation of New Revenue Standard will not lead to significant changes in the Company’s revenue

recognition and has no significant impact on the financial status and operating results.

(2) Major accounting errors within reporting period that needs retrospective restatement

□ Applicable √ Not applicable

No major accounting errors within reporting period that needs retrospective restatement for the Company in reporting period.

(3) Particulars about the change of consolidation range compared with the financial report of last fiscal

period

√Applicable □ Not applicable

On March 5 and March 23 2020 the Eleventh Extraordinary Meeting of the Company’s Eighth Board of Directors and the 2020

First Extraordinary General Meeting of Shareholders respectively reviewed and approved the Proposal on the Agreement to Transfer

70% Equity of Shen Nan Dian (Dongguan) Weimei Electric Power Co. Ltd." agreeing to transfer 70% equity of Shen Nan Dian

Dongguan Company directly and indirectly held by the company to Shenzhen Gas at a total price of 104.98 million yuan. On 10

April 2020 we received a notice from Shen Nan Dian Dongguan Company the alteration registration procedures for industry and

commerce has completed and obtained the Business License issued by Dongguan Market Supervision & Administration Bureau and

Notice of Approval of Registration of Change. After equity transfer completed Shen Nan Dian Dongguan Company is no longer

included in the consolidate scope of the Company.