Group 1: Company Information - Shenzhen Energy Group Co., Ltd. is participating in the "2022 Shenzhen Listed Companies Investor Collective Reception Day" [1] - The event is guided by the Shenzhen Securities Regulatory Bureau and organized by the Shenzhen Listed Companies Association and Shenzhen Panorama Network Co., Ltd. [1] Group 2: Event Details - The event will be held online on November 9, 2022, from 16:30 to 17:30 [1] - Investors can participate via the "Panorama Roadshow" website, WeChat public account "Panorama Finance," or by downloading the "Panorama Roadshow" app [1] Group 3: Communication Assurance - The company and its board members guarantee the authenticity, accuracy, and completeness of the disclosed information, ensuring no false records, misleading statements, or significant omissions [1]

Financial Performance - The company's operating revenue for Q3 2022 was ¥10,503,440,638.05, representing a 35.96% increase compared to ¥7,725,511,741.23 in the same period last year[3] - Net profit attributable to shareholders for Q3 2022 was ¥701,739,841.99, a decrease of 29.56% from ¥996,278,037.14 in the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥741,364,963.05, down 13.30% from ¥855,070,075.27 in the same period last year[3] - The basic earnings per share for Q3 2022 was ¥0.0951, a decline of 39.96% from ¥0.1584 in the same period last year[4] - The weighted average return on net assets decreased by 0.93 percentage points to 1.60% compared to 2.53% in the previous year[4] - The company's net profit attributable to shareholders decreased by 39.96% due to high fuel prices and cost inversion in coal and gas power plants[8] - The total profit for Q3 2022 was CNY 2,536,366,834.90, down from CNY 3,593,538,396.54 in the previous year, indicating a decrease of approximately 29.5%[17] - The net profit attributable to shareholders of the parent company was CNY 1,775,711,766.59, compared to CNY 2,957,470,245.79 in the previous year, a decline of about 40.0%[18] - Basic earnings per share for Q3 2022 were CNY 0.2951, down from CNY 0.5684 in Q3 2021[18] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥5,901,000, indicating an increase of 85.46% compared to ¥3,181,875 in the previous year[3] - The net cash flow from operating activities for Q3 2022 was CNY 5,901,000,776.78, an increase of 85.5% compared to CNY 3,181,875,016.28 in Q3 2021[20] - Total cash inflow from operating activities reached CNY 29,032,385,183.01, up from CNY 21,317,302,003.44, representing a growth of 36.3% year-over-year[20] - Cash outflow for operating activities was CNY 23,131,384,406.23, compared to CNY 18,135,426,987.16 in the previous year, indicating a rise of 27.5%[20] - The net cash flow from investing activities was CNY -8,013,446,414.95, worsening from CNY -7,519,831,627.62 in Q3 2021[20] - The total cash outflow for investment activities was CNY 10,717,494,354.97, compared to CNY 9,824,087,522.18 in Q3 2021, indicating a rise of 9.1%[20] - The company received CNY 2,273,000,000.00 from investment recoveries, which is an increase from CNY 1,625,064,550.36 in the previous year[20] - The company reported a cash inflow of CNY 5,155,589,950.15 from investments received from minority shareholders, a significant increase from CNY 223,970,245.45 in the same quarter last year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥144,037,133,060.19, an increase of 9.32% from ¥131,507,290,525.78 at the end of the previous year[4] - As of September 30, 2022, the total current assets amounted to CNY 38,563,335,890.94, an increase of 44.5% compared to CNY 26,660,964,790.49 at the beginning of the year[14] - Total liabilities increased to CNY 89,745,712,983.62, compared to CNY 81,895,293,262.48, reflecting an increase of 9.4%[15] - The long-term borrowings rose to CNY 27,642,714,920.28 from CNY 26,180,861,774.75, indicating a growth of 5.6%[15] - The total equity of the company reached CNY 54,291,420,076.57, an increase from CNY 49,860,400,760.51, which is a growth of 8.6%[15] - The accounts receivable increased to CNY 12,819,983,272.58 from CNY 10,270,664,853.68, marking a rise of 24.9%[14] - The company's inventory decreased to CNY 1,497,929,273.36 from CNY 1,573,377,112.99, a decline of 4.8%[14] - The total non-current assets amounted to CNY 105,473,797,169.25, slightly up from CNY 105,094,729,232.50, showing a marginal increase of 0.4%[14] - The company's total assets reached CNY 144,037,133,060.19, compared to CNY 131,755,694,022.99, reflecting an increase of 9.3%[15] Operating Performance - The total electricity generated by the company's power plants from January to September 2022 reached 43.321 billion kWh, an increase of 17.31% year-on-year[12] - The company processed 8.6349 million tons of waste in its environmental sector during the same period[12] - The company achieved a sales gas volume of 1.064 billion cubic meters in its gas sector[12] - The company reported a 39.65% increase in operating costs due to increased business volume and rising fuel prices[8] - The company introduced a new power generation unit at the Chaozhou Ganlu Thermal Power Project with a capacity of 2*120,000 kW in Q3 2022[12] Other Comprehensive Income - Other comprehensive income after tax increased by 375.34% mainly due to the decline in the fair value of other equity instrument investments[8] - The company's other comprehensive income decreased to CNY 1,810,391,781.74 from CNY 2,725,708,403.86, a decline of 33.6%[15] - Other comprehensive income after tax for Q3 2022 was CNY -879,608,805.36, compared to CNY -185,049,415.30 in Q3 2021[18] Changes in Accounting Policies - The company has implemented changes in accounting policies in accordance with recent regulations from the Ministry of Finance, affecting the presentation of financial data[4]

Financial Performance - The company's operating revenue for the reporting period was CNY 16,284,223,382.75, representing an increase of 18.81% compared to the same period last year[11]. - The net profit attributable to shareholders of the listed company was CNY 1,073,971,924.60, a decrease of 45.23% year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,100,390,264.74, down 45.73% from the previous year[11]. - Basic earnings per share decreased by 51.22% to CNY 0.20 from CNY 0.35 in the same period last year[11]. - The total comprehensive income for the period was CNY (541,694,012.29), with a significant contribution from undistributed profits of CNY 407,988,050.67[192]. - The company reported a total revenue of ¥7,047,735,395.06, with a net profit of ¥2,599,868,866.81 for the reporting period[40]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 4,187,061,329.17, an increase of 48.64% compared to the same period last year[11]. - The net increase in cash and cash equivalents was approximately CNY 5.09 billion, a significant increase of 487.98% compared to the previous year[32]. - The company's cash and cash equivalents amounted to CNY 10,229,869,814.79, up from CNY 6,944,150,429.17, reflecting a growth of 47.73%[158]. - The cash flow from operating activities amounted to ¥4,187,061,329.17, up 48.5% from ¥2,816,977,119.08 in the same period last year[176]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 136,809,885,698.92, an increase of 3.84% from the end of the previous year[11]. - The total liabilities reached RMB 40,200,809,417.05 as of June 30, 2022, compared to RMB 37,276,782,978.17 at the end of 2021, reflecting a growth of 5.2%[164]. - The company's total current assets reached CNY 32,874,918,745.49, an increase of 23.25% compared to CNY 26,660,964,790.49 at the end of the previous year[158]. - The total amount of financial liabilities reported was ¥0.00, indicating no outstanding debts[40]. Investment and R&D - The company's R&D investment decreased by 10.77% to approximately CNY 65.15 million compared to the previous year[32]. - Research and development expenses significantly decreased to RMB 16,610,046.46 from RMB 49,544,614.68, a reduction of 66.5%[166]. - The company’s research and development expenses increased to ¥441,991.83 from ¥202,833.50, reflecting a focus on innovation[172]. Environmental and Regulatory Compliance - The company reported a total emission of 42.4 tons of particulate matter, 184.1 tons of sulfur dioxide, and 429.1 tons of nitrogen oxides from its Ma Wan subsidiary, all within regulatory limits[64]. - The company has implemented stricter emission standards across its facilities, with several plants exceeding compliance thresholds for nitrogen oxides and sulfur dioxide[70]. - The company is committed to transparency in reporting its environmental impact, ensuring stakeholders are informed of its progress and challenges[70]. Market Expansion and Strategic Initiatives - The company plans to continue expanding its clean energy and environmental protection initiatives, aligning with its sustainable development strategy[16]. - Shenzhen Energy Group is actively involved in the development of wind power projects in Vietnam, with significant assets pledged to ensure project financing[98]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its energy portfolio[98]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[2]. - The company has a total of 38 subsidiaries, with significant contributions to net profit from key subsidiaries[52]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[80]. Financial Instruments and Debt Management - The company issued bonds totaling RMB 20 billion, with a net fundraising amount of RMB 199.98 million received as of June 30, 2022[49]. - The company has a structured repayment plan for its bonds, ensuring timely payment of principal and interest[149]. - The company has maintained a stable credit rating, reflecting its financial health and ability to meet debt obligations[149].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 7,766,934,282.74, representing a 31.27% increase compared to CNY 5,697,852,534.15 in the same period last year[3] - The net profit attributable to shareholders decreased by 15.24% to CNY 517,808,871.14 from CNY 610,915,214.75 in the previous year[3] - The basic earnings per share decreased by 34.50% to CNY 0.0841 from CNY 0.1284 in the previous year[3] - Operating profit for the quarter was CNY 623,183,707.40, down 20.4% from CNY 782,978,249.87 in Q1 2021[16] - Other comprehensive income after tax was reported at CNY -362,793,760.46, compared to CNY -183,219,496.59 in the previous year, reflecting a decline in overall financial performance[16] - The total comprehensive income attributable to the parent company's owners was CNY 427,665,624.99, while the total comprehensive income attributable to minority shareholders was CNY 91,997,074.84[17] Cash Flow - The net cash flow from operating activities increased by 94.18% to CNY 1,366,930,953.92, up from CNY 703,940,533.06 in the same period last year[3] - Cash inflow from operating activities totaled CNY 7,878,381,757.93, up from CNY 5,422,113,833.80 in the previous period, representing a growth of 45.4%[19] - The cash outflow from operating activities was CNY 6,511,450,804.01, compared to CNY 4,718,173,300.74 in the previous period, indicating an increase of 37.9%[19] - The net cash flow from investing activities was CNY -2,146,171,806.73, slightly worse than CNY -2,058,329,620.30 in the previous period[19] - Cash inflow from financing activities was CNY 10,322,141,245.97, compared to CNY 10,144,557,487.58 in the previous period, showing an increase of 1.8%[19] - The net cash flow from financing activities was CNY 4,553,010,645.08, down from CNY 5,402,974,610.32 in the previous period, reflecting a decrease of 15.7%[19] - The total cash and cash equivalents at the end of the period amounted to CNY 12,997,493,495.45, a slight decrease from CNY 13,097,335,967.71 at the end of the previous period[19] Assets and Liabilities - The company's total assets increased by 3.22% to CNY 136,000,880,112.01 from CNY 131,507,290,525.78 at the end of the previous year[3] - Total liabilities rose to CNY 82,694,495,873.93, compared to CNY 81,895,293,262.48 in the same period last year[14] - The company's equity increased to CNY 53,306,384,238.08, up from CNY 49,860,400,760.51 year-over-year[14] - The total current assets increased to RMB 31.11 billion from RMB 26.66 billion at the beginning of the year[12] - The total non-current assets decreased slightly to RMB 104.89 billion from RMB 105.09 billion at the beginning of the year[12] Operational Highlights - The total number of common shareholders at the end of the reporting period was 179,501[8] - The total on-grid electricity generated by the company's power plants in Q1 2022 was 12.904 billion kWh, an increase of 29.23% year-on-year[10] - The company achieved a sales gas volume of 2.40 million standard cubic meters in Q1 2022[10] - The company processed a total of 259.49 million tons of waste in Q1 2022[10] - The company added new wind power projects with a total capacity of 29.77 MW in Q1 2022[10] Expenses - The company's operating costs increased by 47.40%, primarily due to increased business volume and rising fuel prices[6] - Research and development expenses decreased by 71.82% due to optimization of project schedules[7] - Financial expenses increased to CNY 587,870,028.04, compared to CNY 469,828,629.20 in the same period last year, primarily due to higher interest expenses[15] - The company reported a total operating cost of CNY 7,250,923,422.22, which is an increase from CNY 5,185,061,834.48 in Q1 2021[15] - Research and development expenses decreased to CNY 7,160,825.05 from CNY 25,414,796.21 in the previous year, indicating a reduction in investment in this area[15] Government Support - The company received government subsidies amounting to CNY 6,870,638.17 during the reporting period[4] Shareholder Information - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 43.91% of the shares[9] Audit Information - The company did not undergo an audit for the first quarter report[20]

Financial Performance - The company's operating revenue for 2021 was CNY 31.57 billion, an increase of 54.34% compared to CNY 20.45 billion in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 2.13 billion, a decrease of 46.57% from CNY 3.98 billion in 2020[20]. - The net cash flow from operating activities was CNY 4.31 billion, down 30.44% from CNY 6.19 billion in 2020[20]. - Basic earnings per share for 2021 were CNY 0.32, a decline of 58.97% compared to CNY 0.78 in 2020[20]. - Total assets at the end of 2021 were CNY 131.51 billion, an increase of 15.29% from CNY 114.06 billion at the end of 2020[20]. - Net assets attributable to shareholders at the end of 2021 were CNY 45.31 billion, up 19.35% from CNY 37.96 billion at the end of 2020[20]. - The company reported a quarterly revenue of CNY 10.99 billion in Q4 2021, contributing to a total annual revenue of CNY 31.57 billion[25]. - The company experienced a net loss of CNY 403.86 million in Q4 2021, contrasting with profits in the earlier quarters[25]. - The weighted average return on equity for 2021 was 5.60%, a decrease of 8.97 percentage points from 14.57% in 2020[20]. - The company reported a government subsidy of CNY 19,609,348.40 in 2021, down from CNY 61,250,092.24 in 2020, indicating a reduction in government support[26]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.75 RMB per 10 shares to all shareholders, based on a total of 4,757,389,916 shares[4]. - The cash dividend distribution plan is based on a total share capital of 4,757,389,916 shares, with no stock dividends or capital reserve transfers proposed for the year[148]. Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management team[3]. - The company emphasizes its commitment to environmental and social responsibility as part of its corporate governance[5]. - The company has a structured board of directors and supervisory board to ensure effective governance and oversight[4]. - The company has established a governance structure that ensures equal rights for all shareholders and effective checks and balances among its decision-making bodies[102]. - The company has implemented strict information disclosure and investor relations management systems to enhance transparency and prevent insider trading[103]. - The company has not reported any significant discrepancies between its governance practices and the regulations set forth by the China Securities Regulatory Commission[102]. - The company has a structured approach to managing conflicts of interest, ensuring that the controlling shareholder does not interfere with the company's operations[104]. - The company has developed internal rules for board meetings and supervisory committees to ensure diligent oversight and accountability[103]. Environmental and Social Responsibility - The company emphasizes its commitment to environmental and social responsibility as part of its corporate governance[5]. - The company has implemented ultra-low emission standards, achieving compliance with the GB_13223-2011 air pollutant discharge standards[162]. - The company is actively pursuing strategies to reduce emissions further, aiming for smoke dust ≤ 5 mg/Nm3, sulfur dioxide ≤ 25 mg/Nm3, and nitrogen oxides ≤ 30 mg/Nm3[163]. - The company is committed to continuous improvement in emission reductions and environmental performance as part of its corporate strategy[163]. - Shenzhen Energy Group is recognized as a key pollutant discharge unit by environmental authorities, reflecting its significant role in the energy sector[161]. Strategic Development and Future Plans - The company plans to focus on clean energy and environmental protection as part of its strategic development goals for the "14th Five-Year Plan" period[33]. - The company’s total investment in new energy projects is expected to drive future growth and align with national carbon neutrality goals[33]. - The company is currently developing a new 500-ton grate design to improve product offerings and efficiency[60]. - The company is focusing on sustainability initiatives, with a goal to reduce carbon emissions by 25% by 2025[112]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[110]. Research and Development - The company’s research and development investment was CNY 372.51 million, a year-on-year increase of 18.12%[47]. - The total remuneration for the company's directors, supervisors, and senior management during the reporting period amounted to CNY 1,563.3 million[124]. - The company has allocated 1 billion RMB for research and development in new technologies over the next three years[112]. - The company has implemented a long-term incentive plan since 2019 to motivate core talents and align with strategic goals, focusing on low-carbon clean energy and urban environmental governance[150]. Legal and Litigation Matters - The company is involved in significant litigation, with a total claim amount of RMB 12,653.9 million in various cases, including a notable case involving a claim of RMB 1,229.79 million[187]. - The company has not faced any bankruptcy reorganization or delisting issues during the reporting period, indicating financial stability[186]. - The company has a pending arbitration case seeking 1,717,743.15 USD plus 14% interest from a Ghanaian company[188]. - The company has recognized a total of 18,353,422.59 CNY in incremental revenue from frequency auxiliary services[188]. Operational Performance - The company achieved a daily waste processing capacity of 29,700 tons by the end of 2021, an increase of 2,900 tons per day, representing a growth of 10.82% compared to the end of 2020[36]. - The company’s total waste treatment volume reached 10.4299 million tons in 2021, reflecting a year-on-year growth of 18.33%[36]. - The company’s gas pipeline network expanded to 4,790 kilometers, serving nearly 600,000 residential users and 5,443 commercial users by the end of 2021[36]. - The company’s overall electricity sales volume reached 535.30 billion kWh in 2021, a year-on-year increase of 37.72%[37]. Market and Sales Performance - The company achieved a revenue of CNY 31.57 billion, an increase of 54.34% year-on-year, driven by higher sales volume and electricity prices[47]. - The electricity segment generated ¥19.94 billion, accounting for 63.15% of total revenue, with a year-on-year growth of 42.44%[49]. - The company sold 507.24 billion kWh of electricity in 2021, a 38.45% increase from 366.38 billion kWh in 2020[52]. - Major customers accounted for 67.42% of total sales, with the top customer, Guangdong Power Grid, contributing 51.01% of total sales[58]. Employee and Talent Management - The total number of employees at the end of the reporting period was 12,808, with 174 from the parent company and 12,634 from major subsidiaries[141]. - The professional composition includes 2,975 production personnel, 2,883 technical personnel, 458 financial personnel, and 652 administrative personnel[142]. - The company has established a talent development system focusing on professional training and mentorship, aiming to enhance the skills of high-quality personnel[144]. - The company emphasizes continuous employee training and has established a talent pool for targeted development, avoiding a broad approach to talent cultivation[144].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 7,308,816,543.13, representing a year-on-year increase of 23.69%[3] - The net profit attributable to shareholders for Q3 2021 was CNY 869,364,265.31, a decrease of 17.54% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 728,156,303.44, down 25.84% year-on-year[3] - The basic earnings per share for Q3 2021 was CNY 0.1294, a decrease of 41.61% compared to the same period last year[3] - The weighted average return on equity for Q3 2021 was 2.25%, down 1.59 percentage points year-on-year[3] - The net profit attributable to shareholders decreased by 34.99%, mainly due to the absence of compensation received in the same period last year[8] - Net profit for the current period was ¥2,784,919,137.22, a decrease of 33.5% compared to ¥4,184,220,773.69 in the previous period[18] - Total comprehensive income attributable to the parent company was ¥2,347,298,511.54, down from ¥3,617,030,787.24 in the previous period[19] Revenue and Costs - The company's operating revenue increased by 39.95% due to higher electricity sales and waste processing volumes[7] - Operating costs rose by 54.98%, primarily driven by increased electricity sales, waste processing volumes, and rising fuel prices[7] - Total operating revenue for the current period reached ¥20,571,694,048.53, a 39.8% increase from ¥14,699,267,847.44 in the previous period[17] - Total operating costs increased to ¥18,058,058,240.44, up 43.8% from ¥12,541,394,219.64 in the previous period[17] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to CNY 126,861,100,734.36, an increase of 11.22% from the end of the previous year[3] - Current assets totaled CNY 26.32 billion, up from CNY 21.38 billion year-over-year, indicating a growth of about 23.5%[14] - Total liabilities amounted to CNY 76.75 billion, up from CNY 72.21 billion, which is an increase of about 6.9%[15] - The company's financial assets decreased by 48.33% due to the sale of funds and changes in fair value[7] - Total liabilities amounted to CNY 72,208,654,674.56, a decrease of CNY 286,868,725.64 compared to the previous period[25] - The company's total assets were CNY 114,062,264,205.09, with a slight decrease of CNY 286,868,725.64 from the previous period[25] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 3,231,820,823.95, a decrease of 28.23% compared to the same period last year[3] - Cash flow from operating activities generated ¥3,231,820,823.95, down 28.3% from ¥4,503,152,449.48 in the previous period[20] - Cash inflow from investment activities totaled CNY 2,304,255,894.56, a decrease of 30% compared to CNY 3,287,900,505.87 in the previous year[21] - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was CNY 8,802,418,244.63, down from CNY 9,493,325,529.73, representing a reduction of approximately 7%[21] - Net cash flow from financing activities was CNY 6,930,649,991.11, an increase of 9% compared to CNY 6,355,959,578.32 in the same period last year[21] Investments and Projects - The investment income surged by 91.04%, attributed to increased returns from joint ventures and the disposal of long-term equity investments[7] - The company plans to expand its capacity with new projects, including the second phase of Heyuan Power Plant and several solar and wind projects[12] Other Financial Metrics - Non-recurring gains and losses totaled CNY 141,207,961.87 for Q3 2021, with significant contributions from asset disposals and government subsidies[4] - The company reported a VAT refund related to wind power generation amounting to CNY 14,549,264.72, which is not classified as a non-recurring gain or loss[6] - Research and development expenses decreased to ¥65,403,342.04 from ¥166,123,385.59, a reduction of 60.7%[17] - The company reported a tax expense of ¥366,972,784.16, slightly up from ¥354,096,960.02 in the previous period[18] - Other income increased to ¥75,932,674.08 from ¥40,536,830.83, marking an increase of 87.0%[17] Changes in Accounting Standards - The company has implemented new leasing standards affecting the financial statements, necessitating adjustments to the balance sheet[22] - The company adopted the new leasing standards effective January 1, 2021, impacting accounting policies[25]