Summary of the 2024 Annual Report of Shenzhen Nanshan Power Co. Ltd.Stock code: 000037 200037 Stock abbreviation: Shenzhen Nanshan Power A Shenzhen Announcement No.: 2025-010 Nanshan Power B Summary of the 2024 Annual Report of Shenzhen Nanshan Power Co. Ltd.I. Important notes The annual report summary is extracted from the full text of the annual report. In order to fully understand the Company's operating results financial status and future development plans investors should carefully read the full text of the annual report through media designated by the China Securities Regulatory Commission.All directors attended the meeting of Board of Directors at which the report was reviewed.Prompt of non-standard audit opinion □Applicable □Not applicable Proposed profit distribution plan for the reporting period or the plan for converting capital reserves into share capital reviewed by the Board of Directors □Applicable □Not applicable Whether to increase share capital with provident funds □Yes □No Profit distribution plan reviewed and approved by the Company's Board of Directors: the Company plans not to distribute cash dividends not to distribute bonus shares and not to increase share capital with provident funds.Proposed profit distribution plan for preferred shares approved by the Board of Directors for the reporting period □ Applicable □Not applicable II. Basic Information of the Company 1. Company profile Shenzhen Nanshan Power A Stock name Ticker 000037200037 Shenzhen Nanshan Power B Stock exchange Shenzhen Stock Exchange Securities Contact and contact information Secretary of the Board of Directors representative Name Zou Yi 16/F-17/F Hantang Building OCT Nanshan Office address District Shenzhen Guangdong Province Fax 0755-26003684 Tel. 0755-26003611 E-mail investor@nspower.com.cn 2. Introduction to main business or products during the reporting period The Company's primary business includes power and heat supply for production and operation and technical consulting and technical services related to power plants (stations). At the end of the reporting period the Company's Nanshan Power Plant had a 1Summary of the 2024 Annual Report of Shenzhen Nanshan Power Co. Ltd. total of 3 sets of 9E type gas-steam combined cycle generating units with a total installed capacity of 540000 KW. The power plant is located in the power load center area of Qianhai Free Trade Zone Shenzhen and is the main peak shaving power supply plant in the region. It is currently in normal production and operation. Zhongshan Nanlang Power Plant received the Letter on Matters Regarding the Units Shutdown of Shenzhen Nanshan Power (Zhongshan) Power Co. Ltd. Nanlang Power Plant from Energy Bureau of Guangdong Province on November 6 2023 in which Energy Bureau of Guangdong Province agreed to shut down two 180MW gas-fired cogeneration units of Zhongshan Nanlang Power Plant. At present the two sets of 9E gas-steam combined cycle power generating units owned by Zhongshan Nanlang Power Plant have been shut down and withdrawn from dispatching operation and the generating unit equipment and related assets have been successfully listed for transfer in March 2025. During the reporting period the Company's primary business of power faced challenges such as fierce competition in the power market and sustained high fuel price. In the face of the complex and ever-changing economic situation at home and abroad and the increasingly fierce market competition the Company has strengthened its confidence in development maintained its strategic focus adhered to the core values of "professionalism and dedication innovation and efficiency courage and decisiveness harmony and mutual benefit" took deepening reform as a key breakthrough point actively responded to various problems and challenges and made every effort to promote the orderly development of all work. Through a series of solid measures the Company's new business layout has achieved breakthroughs the main business has been further compacted the management efficiency has been continuously improved the market-oriented reform has been steadily advanced and the profit level has reached a new level laying a solid foundation for the sustainable development of the Company.During the reporting period the Company focused on the operation and development of existing business and market expansion.Its subsidiary Shenzhen Nanshan Power Engineering Company relying on its years of technical experience in the construction of gas turbine power station projects and accumulated cooperation resources focused on the relevant engineering service business in the gas turbine field. With professional and refined technical capabilities it signed a number of contracts successively to provide professional technical services for customers; Shenzhen Nanshan Power Environmental Protection Company takes integrated energy service as the transformation development direction comprehensively develops integrated energy service projects such as industrial and commercial energy storage distributed photovoltaics and charging piles and strives to build a new integrated energy service business model. It has initially formed an integrated service model of "investment construction operation management and maintenance"; Xiefu Company actively expanded its business scope focused on the property lease management service business of Energy Corporation and significantly improved its market development ability property management ability and profitability. At the same time it efficiently revitalized inefficient resources and successfully completed the transfer of 40% equity of Huidong Xiefu. 3. Key accounting data and financial indicators (1) Key accounting data and financial indicators in the past three years Whether the Company needs to retroactively adjust or restate the accounting data of previous years □Yes □No Unit: RMB Change compared with End of 2024 End of 2023 the end of the previous End of 2022 year Total assets 2012736635.59 2049365388.69 -1.79% 2606216345.99 Net assets attributable to shareholders of listed 1485380575.08 1459288691.94 1.79% 1455129894.84 companies Change compared with 202420232022 the previous year 2Summary of the 2024 Annual Report of Shenzhen Nanshan Power Co. Ltd. Operating revenue 442971955.85 589780190.71 -24.89% 694227657.28 Net profit attributable to shareholders of listed 21908828.57 4158797.10 426.81% -160163240.67 companies Net profit attributable to shareholders of listed companies after deducting -87508091.57 -70789007.91 -23.62% -225967573.71 non-recurring profit or loss Net cash flows from -37635766.05-100371976.9262.50%207168402.26 operating activities Basic earnings per share 0.03630.0069426.09%-0.2657 (RMB/share) Diluted earnings per share 0.03630.0069426.09%-0.2657 (RMB/share) Weighted average rate of Increased by 1.20 1.49%0.29%-10.43% return on net assets percentage points (2) Key accounting data by quarter Unit: RMB Q1 Q2 Q3 Q4 Operating revenue 80580975.91 107323288.80 183104712.19 71962978.95 Net profit attributable to shareholders of -29071219.61 -8779890.29 -7777120.17 67537058.64 listed companies Net profit attributable to shareholders of listed companies after -32868603.74 -11891453.34 -11138395.03 -31609639.46 deducting non- recurring profit or loss Net cash flows from -71854442.0518857950.62-28410239.0543770964.43 operating activities Whether there are significant differences between the above financial indicators or their totals and the relevant financial indicators disclosed by the Company in quarterly reports and semi-annual reports or not □Yes □No 4. Share capital and shareholders (1) The number of ordinary shareholders and preferred shareholders whose voting right have been restored and the shareholding status of the top 10 shareholders Unit: Share Total number Total Total number of of ordinary number of preferred Total number of preferred shareholders ordinary shareholders shareholders whose voting at the end of shareholder whose voting rights were restored at the 39609 the month 40424 0 0 s at the end rights were end of the month prior to prior to the of the restored at the the disclosure date of the disclosure reporting end of the annual report date of the period reporting period annual report 3Summary of the 2024 Annual Report of Shenzhen Nanshan Power Co. Ltd. Shareholdings of the top 10 shareholders (excluding shares lent through refinancing) Number of shares Pledge marking or freezing Nature of Shareholding Name Number of shares held held with selling shareholder ratio restrictions Share status Quantity HONG KONG NAM HOI Overseas 15.28% 92123248 0 Not applicable 0 (INTERNA legal person TIONAL) LTD Shenzhen Guangju State-owned 12.22% 73666824 0 Not applicable 0 Industrial legal person Co. Ltd.Shenzhen Energy State-owned 10.80% 65106130 0 Not applicable 0 Corporatio legal person n Domestic Zeng Ying natural 1.19% 7159600 0 Not applicable 0 person GUOTAI JUNAN SECURITI Overseas ES 1.09% 6592879 0 Not applicable 0 legal person （HONGKONG） LIMITED Domestic Li Baoqin natural 0.97% 5835773 0 Not applicable 0 person China Merchants Securities Overseas 0.90% 5438154 0 Not applicable 0 (Hong legal person Kong) Co.Ltd.BOCI SECURITI Overseas 0.73% 4423066 0 Not applicable 0 ES legal person LIMITED LISHERY Overseas NZHANMI natural 0.69% 4149400 0 Not applicable 0 NG person Haitong Internation al Securities Overseas 0.65% 3908357 0 Not applicable 0 Company legal person Limited- Account Client Explanation of the above- 1. Shenzhen Energy Corporation holds 100% equity in HONG KONG NAM HOI mentioned shareholders' (INTERNATIONAL) LTD relationship or concerted 2. The Company is unaware of whether the above-mentioned other public shareholders have any actions relationship or are persons acting in concert.Description of shareholders None involved in margin trading 4Summary of the 2024 Annual Report of Shenzhen Nanshan Power Co. Ltd. and securities lending business (if any) Participation of shareholders holding more than 5% of the shares the top 10 shareholders and the top 10 shareholders of unrestricted 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 period due to refinancing lending/repayment □Applicable □Not applicable (2) Total number of preferred shareholders of the Company and shareholding status of the top 10 preferred shareholders □Applicable □Not applicable The Company has no preferred shareholders during the reporting period. (3) Disclose the property rights and control relationship between the Company and actual controllers in the form of block diagrams Shenzhen State-owned Assets Supervision and Shenzhen Nanshan District Finance Bureau Administration Commission Shenzhen Shenhuitong Investment Holdings Co. Ltd Shenzhen Huitong Financial Holding Fund Investment Co. Ltd Shenzhen Kehuitong Investment Holdings Shenzhen Capital Holdings Co. Ltd Co. Ltd Shenzhen Guangju Investment Holdings (Group) Co.Ltd Shenzhen Energy (H.K.) International Limited Shenzhen Guangju Energy Co. Ltd.Shenzhen Energy Corporation Hong Kong Nam Hoi (International) Shenzhen Guangju Industrial Co. Ltd.Limited Shenzhen Nanshan Power Co. Ltd. 5. Bonds existing on the date of approval of the annual report □Applicable □Not applicable III. Important matters During the reporting period there were no material changes in the Company's operating conditions. For details of the Company's business operations and management operations during the reporting period please refer to the Company's 2024 Annual Report. 5