根据《上市公司独立董事规则》《上市公司治理准则》《深圳证券交 易所股票上市规则》及《深圳南山热电股份有限公司章程》等有关规定， 我们作为深圳南山热电股份有限公司（以下简称"公司"）的独立董事， 对公司聘请 2023 年度审计机构事项以及《关于聘请 2023 年度审计机构及 确定其报酬的议案》进行了事前审核，我们认为： 深圳南山热电股份有限公司 独立董事关于聘请 2023 年度审计机构 及确定其报酬的事前认可意见 1 立信中联会计师事务所(特殊普通合伙)具有中国证券监督管理委员 会许可的证券、期货相关业务的执业资格，具备为上市公司提供审计服务 的经验和足够的独立性、专业胜任能力、投资者保护能力。该事务所是公 司2019至2022年度的审计机构，其按照国家会计准则及监管机构的要求， 独立、客观、公正地完成了公司 2019 至 2022 年度审计工作，能够满足公 司 2023 年度审计工作的要求。我们同意将《关于聘请 2023 年度审计机构 及确定其报酬的议案》提交公司董事会审议。 深圳南山热电股份有限公司 2023 年 8 月 25 日 独立董事：黄西勤、陈泽桐、杜伟 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥296,803,666.77, representing a 39.64% increase year-over-year[3] - The net profit attributable to shareholders was -¥48,481,519.82, a decrease of 6.50% compared to the same period last year[3] - The company's basic earnings per share for Q3 2022 was -¥0.0804, a decrease of 6.50% year-over-year[3] - Total operating revenue for the third quarter was CNY 526,047,208.84, a decrease of 10.7% compared to CNY 589,152,619.06 in the previous year[16] - Net loss attributable to shareholders of the parent company was CNY 142,579,668.91, compared to a loss of CNY 44,065,582.05 in the same period last year[18] - The total comprehensive income for the third quarter was -160,602,049.03 CNY, compared to -49,723,994.56 CNY in the previous period[19] - The basic and diluted earnings per share were both -0.2365 CNY, a decrease from -0.0731 CNY in the same period last year[19] Cash Flow and Assets - The cash flow from operating activities for the year-to-date was ¥218,956,576.20, showing a significant increase of 145.65%[3] - Cash inflow from operating activities totaled 889,018,644.65 CNY, an increase from 804,537,620.37 CNY in the previous year[20] - The net cash flow from operating activities was 218,956,576.20 CNY, up from 89,131,755.04 CNY in the same period last year[20] - The net cash flow from investing activities was -316,382,476.95 CNY, an improvement from -476,699,161.83 CNY in the previous year[20] - Cash inflow from financing activities was 1,021,949,358.06 CNY, compared to 796,434,323.80 CNY in the previous year[20] - The ending cash and cash equivalents balance was 705,261,965.03 CNY, up from 434,202,142.65 CNY in the previous year[20] - The total assets at the end of the reporting period were ¥2,851,741,667.36, an increase of 2.21% from the end of the previous year[3] Liabilities and Equity - The company's short-term borrowings at the end of the reporting period were ¥1,141,267,100, an increase of 32.95% from the beginning of the year[6] - Current liabilities rose to CNY 1,335,213,387.48, up from CNY 1,108,530,628.10, indicating increased short-term financial obligations[15] - Non-current liabilities totaled CNY 98,788,413.47, slightly down from CNY 103,130,280.87[15] - The company's total equity decreased to CNY 1,417,739,866.41 from CNY 1,578,341,915.44, reflecting a decline in shareholder value[15] Research and Development - The company's R&D expenses for the year-to-date were ¥22,220,000, reflecting a substantial increase of 296.76%[8] - Research and development expenses increased significantly to CNY 22,220,034.84, compared to CNY 5,600,424.11 in the previous year, indicating a focus on innovation[16] Other Income and Investments - The investment income for the year-to-date was ¥50,062,800, an increase of 66.96% compared to the previous year[8] - Other income for the period was CNY 7,158,020.64, an increase from CNY 5,484,415.64 year-over-year, suggesting improved ancillary revenue streams[16] Management and Operations - The company has undergone significant management changes, including the election of a new chairman, Kong Guoliang, on September 13, 2022[10] - The company is involved in land reserve projects related to the Nanshan Thermal Power Plant as part of the Shenzhen urban renewal plan for 2022[10] - The company announced an increase in the cost compensation standard for gas-fired electricity to CNY 0.058 per kWh, effective from October 2022[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,122[7] - The company has not disclosed any related party transactions among its top shareholders[9] Financial Auditing - The third quarter report was not audited[21]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥229,243,542.07, a decrease of 39.13% compared to ¥376,602,393.38 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥94,098,149.09, representing a significant decline of 6,561.59% from ¥1,456,269.68 in the previous year[19]. - The company reported a basic earnings per share of -¥0.1561, a decrease of 6,604.17% from ¥0.0024 in the same period last year[19]. - The weighted average return on net assets was -6.00%, a decrease of 6.07 percentage points compared to 0.07% in the previous year[19]. - The net profit after deducting non-recurring gains and losses was -¥127,505,554.48, a decline of 553.28% from -¥19,517,615.51 in the same period last year[19]. - The company reported a net loss for the first half of 2022 of approximately $101.77 million, compared to a net loss of $761,593.85 in the same period of 2021[110]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 191.04%, reaching ¥200,588,083.30 compared to ¥68,920,712.99 in the same period last year[19]. - The company reported a net cash flow from operating activities of approximately ¥854,209,381.42, a significant increase from ¥98,220,242.31 in the same period of 2021, representing a growth of approximately 769%[116]. - Total cash inflow from operating activities reached ¥1,395,131,139.91, compared to ¥421,450,075.48 in the previous year, indicating a year-over-year increase of about 230%[116]. - The net cash flow from investment activities was -¥728,972,179.33, worsening from -¥446,311,486.10 in the first half of 2021, reflecting an increase in cash outflow of approximately 63%[116]. - Cash inflow from financing activities amounted to ¥439,191,858.06, down from ¥514,022,740.80 in the same period last year, a decrease of about 15%[116]. Operational Challenges - The company faced significant operational challenges due to the COVID-19 pandemic, fluctuating fuel prices, and tight electricity supply-demand conditions in southern regions[30]. - In the first half of 2022, the company's actual on-grid electricity generation was 275 million kWh, with financial settlement electricity of 634 million kWh, reflecting a significant decline due to high natural gas prices[29]. - The company reported a substantial increase in natural gas procurement costs compared to the same period in 2021, with expectations of continued high costs in the second half of 2022[54]. - The company faced significant operational pressure due to high natural gas prices and the implementation of the electricity spot market in Guangdong[52]. Revenue Breakdown - The energy sector accounted for 89.75% of total revenue, with a 42.37% year-on-year decline in electricity sales revenue[34]. - Power sales revenue decreased by 42.37% year-on-year, primarily due to a decline in power generation and reduced electricity settlement income[36]. - Engineering service revenue increased by 46.32% year-on-year, driven by higher overseas engineering service settlement income; operating costs rose by 49.02% due to the growth in engineering service business[36]. - Sludge drying revenue decreased by 100% year-on-year, mainly due to macro policy impacts requiring facility modifications[36]. Investments and R&D - Research and development expenses increased by 408.02% to approximately ¥17.07 million, indicating a focus on technological advancements[32]. - The company is focusing on market expansion and new product development as part of its strategic initiatives[110]. - The company has initiated research and development for new energy technologies to enhance its competitive edge in the market[120]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[5]. - The total equity attributable to the parent company at the end of the first half of 2022 was 1,578.00 million, a decrease of 36.95 million compared to the previous year[118]. - The total equity at the end of the reporting period was 1,476.00 million, compared to 2,087.70 million at the end of the previous year, indicating a significant decline[119]. - The company has a total of 9 subsidiaries included in the consolidated financial statements, with ownership stakes ranging from 50% to 100%[126]. Compliance and Governance - The financial report for the first half of 2022 has not been audited[102]. - The company's financial statements were approved by the board of directors on August 17, 2022, ensuring compliance with regulatory requirements[125]. - The company has maintained a good integrity status, with no unfulfilled court judgments or significant debts due[73]. Environmental and Safety Measures - The company reported a total nitrogen oxide emission of 20.34 tons, which is within the standard limit of <15 mg/m³[62]. - The company is committed to ensuring safety production through rigorous supervision and emergency drills[53]. - Safety management measures have been strengthened to ensure stable production amidst the ongoing COVID-19 pandemic and high natural gas prices[53].

Financial Performance - The company's operating revenue for Q1 2022 was ¥75,090,604.86, a decrease of 13.07% compared to ¥86,380,557.37 in the same period last year[3] - The net profit attributable to shareholders was -¥38,834,600.08, representing a decline of 196.93% from -¥13,078,849.22 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥53,403,178.00, a decrease of 238.54% compared to -¥15,774,423.49 in the previous year[3] - The net profit for Q1 2022 was -43,243,147.57 CNY, compared to -15,709,705.90 CNY in Q1 2021, indicating a significant increase in losses[18] - The operating profit for Q1 2022 was -43,230,594.36 CNY, compared to -15,705,417.90 CNY in the same period last year[18] - The total comprehensive income attributable to the parent company was -38,834,600.08 CNY in Q1 2022, compared to -13,078,849.22 CNY in Q1 2021[19] Cash Flow and Liquidity - The net cash flow from operating activities was -¥34,049,453.61, showing an improvement of 12.43% from -¥38,883,595.50 in the same period last year[3] - The total cash flow from operating activities was -34,049,453.61 CNY in Q1 2022, an improvement from -38,883,595.50 CNY in Q1 2021[22] - Cash and cash equivalents at the end of the period were CNY 473,585,305.45, down 31.4% from CNY 689,604,633.59 at the beginning of the year[13] - Cash and cash equivalents at the end of Q1 2022 were 473,585,305.45 CNY, down from 585,984,991.88 CNY at the end of Q1 2021[23] - The total cash inflow from financing activities was 369,336,296.23 CNY in Q1 2022, compared to 88,262,740.80 CNY in Q1 2021, showing a substantial increase[23] - The cash outflow from investing activities was -346,890,048.10 CNY in Q1 2022, compared to a cash inflow of 100,848,183.90 CNY in Q1 2021[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,908,640,165.18, an increase of 4.25% from ¥2,790,002,824.41 at the end of the previous year[3] - Total assets increased to CNY 2,908,640,165.18, compared to CNY 2,790,002,824.41 at the beginning of the year, reflecting a growth of 4.2%[14] - Total liabilities rose to CNY 1,373,541,397.31, an increase of 13.4% from CNY 1,211,660,908.97 at the beginning of the year[15] - Long-term equity investments decreased to CNY 6,172,617.78 from CNY 6,986,655.19, a decline of 11.6%[13] Shareholder Information - The equity attributable to shareholders decreased by 2.40% to ¥1,576,458,535.43 from ¥1,615,293,135.51 at the end of the previous year[3] - The number of ordinary shareholders at the end of the reporting period was 36,628[8] Research and Development - Research and development expenses for the period amounted to ¥8,782,600, representing an increase of 499.42% compared to the same period last year[8] - Research and development expenses increased to 8,782,597.51 CNY in Q1 2022 from 1,465,171.31 CNY in Q1 2021, reflecting a growth of approximately 499%[18] Investment and Income - Investment income for the period was ¥11,810,200, an increase of 1,858.59% year-on-year due to higher returns from financial products[8] - The company reported a government subsidy of ¥1,961,007.25 related to normal business operations[5] Operational Changes - The company recognized as a high-tech enterprise on January 17, 2022, enhancing its innovation capabilities[11] - The company initiated the retirement of two 9E gas turbine units at Shenzhen Nanshan Electric Power Co., Ltd. on February 21, 2022[11] - The company is actively pursuing investments in new generation information technology and related partnerships[11] Financial Expenses - The company incurred financial expenses of 8,401,993.90 CNY in Q1 2022, compared to a financial income of 5,259,951.98 CNY in Q1 2021[18]

Financial Performance - The company's operating revenue for 2021 was ¥757,175,743.41, a decrease of 23.15% compared to ¥985,253,831.58 in 2020[20] - The net profit attributable to shareholders was -¥439,448,712.13, representing a decline of 786.38% from ¥64,024,291.32 in the previous year[20] - The net cash flow from operating activities was -¥39,258,302.07, a decrease of 115.06% compared to ¥260,725,409.02 in 2020[20] - The total assets at the end of 2021 were ¥2,790,002,824.41, down 7.64% from ¥3,020,830,930.06 at the end of 2020[20] - The net assets attributable to shareholders decreased by 21.39% to ¥1,615,293,135.51 from ¥2,054,741,847.64 in 2020[20] - The basic earnings per share for 2021 was -¥0.7291, a significant drop from ¥0.1062 in 2020[20] - The company reported a significant uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[20] Revenue Sources - The revenue from power generation was the primary contributor to the operating income, while rental income was also noted[21] - The energy sector contributed CNY 708.88 million, accounting for 93.62% of total revenue, down 19.32% year-on-year[47] - The company reported a significant reduction in revenue from sludge drying, which fell by 94.60% year-on-year to CNY 3.39 million[47] - The total sales volume of electricity increased by 30.89% to 1.144 billion kWh in 2021, compared to 0.874 billion kWh in 2020[51] Operational Challenges - The company faced challenges due to high fuel prices, leading to significant operational losses despite increased electricity demand[32] - The average fuel price for power generation increased by 51.37% compared to 2020, leading to a significant loss for the company while ensuring power supply[151] - The company anticipates continued high natural gas procurement costs in 2022 due to global supply constraints and geopolitical factors, impacting its operational expenses[89] Government Support and Subsidies - The company received government subsidies amounting to ¥23,396,336.60 in 2021, which was a significant increase from ¥13,833,445.53 in 2020[27] - The company received a subsidy of 16.322 million yuan for gas power generation for August-September 2021, as notified by the Municipal Bureau of Industry and Information Technology[187] Strategic Initiatives - The company plans to focus on strategic transformation and high-quality development in 2022, aligning with the national "14th Five-Year" development plan[84] - The company is committed to a strategic transformation, emphasizing the exit of outdated production capacity and the initiation of new projects to achieve sustainable development[87] - The company is exploring opportunities for mergers and acquisitions to accelerate growth and market expansion[114] Corporate Governance - The board of directors held 3 regular meetings and 7 temporary meetings during the reporting period, ensuring scientific decision-making and effective management[96] - The supervisory board conducted 3 regular meetings and 4 temporary meetings, effectively supervising the daily operations and financial status of the company[97] - The company published a total of 60 announcements in 2021, ensuring timely and accurate information disclosure to investors[99] - The company has established independent financial management and accounting systems, ensuring financial independence and decision-making authority[102] Employee and Training Initiatives - The total number of employees at the end of the reporting period was 392, with 258 in the parent company and 134 in major subsidiaries[135] - Employee training programs included safety training, qualification certification training, and new employee onboarding training[137] - The company has established a training management regulation to improve employee skills and meet operational needs[137] Environmental and Social Responsibility - The company has implemented effective environmental protection measures, achieving compliance with emission standards and meeting annual environmental goals[152] - The company has maintained stable pollutant emissions, with nitrogen oxide emissions from Shenzhen Nanshan Thermal Power Co., Ltd. at 60.75 tons against a permitted limit of 457.5 tons[149] - The company purchased poverty alleviation agricultural products totaling CNY 258,200 in 2021 as part of its social responsibility efforts[153] Shareholder Information - The top shareholder, Hong Kong Nanhai Ocean Industry Co., Ltd., holds 15.28% of shares, totaling 92,123,248 shares[197] - Shenzhen Guangju Industrial Co., Ltd. owns 12.22% of shares, amounting to 73,666,824 shares[198] - The company does not have a controlling shareholder or actual controller[199][200] - The total number of shares held by the top ten unrestricted shareholders is 265,292,000 shares[198]

Financial Performance - Revenue for the third quarter was CNY 212,550,225.68, a decrease of 25.70% compared to the same period last year[3] - Net profit attributable to shareholders was a loss of CNY 45,521,851.73, down 159.83% year-on-year[3] - Total operating revenue for the current period is ¥589,152,619.06, a decrease of 26.7% compared to ¥804,235,493.52 in the previous period[18] - Net profit for the current period is -¥49,723,994.56, compared to a net profit of ¥135,138,753.08 in the previous period, indicating a significant decline[20] - The company's basic earnings per share were CNY -0.08, reflecting a decline of 159.83% compared to the previous year[3] - The company reported a basic and diluted earnings per share of -0.073, compared to 0.213 in the previous period[20] Cash Flow and Assets - Cash flow from operating activities for the year-to-date was CNY 89,131,755.04, a decrease of 57.68%[3] - Operating cash flow for the current period is ¥89,131,755.04, down from ¥210,589,842.81 in the previous period, a decrease of 57.7%[23] - Cash and cash equivalents decreased significantly from RMB 764,601,272.21 at the end of 2020 to RMB 434,202,142.65, a decline of approximately 43.2%[14][15] - Cash and cash equivalents at the end of the period decreased to ¥434,202,142.65 from ¥889,075,577.16, a decline of 51.1%[24] - Investment activities resulted in a net cash outflow of -¥476,699,161.83, compared to -¥388,327,683.17 in the previous period[23] - Financing activities generated a net cash inflow of ¥57,206,555.20, down from ¥295,462,924.63 in the previous period, a decrease of 80.7%[23] Assets and Liabilities - Total assets at the end of the period were CNY 3,236,910,312.46, an increase of 7.15% from the end of the previous year[4] - The company's current assets totaled RMB 2,019,696,078.98, compared to RMB 1,935,230,241.40 at the end of 2020, indicating an increase of about 4.4%[15] - The total liabilities increased to RMB 1,198,891,785.43 from RMB 933,088,408.47, marking a rise of approximately 28.5%[16][17] - The company’s total equity attributable to shareholders decreased by 2.14% to CNY 2,010,676,265.59[4] - The company's equity attributable to shareholders decreased from RMB 2,054,741,847.64 to RMB 2,010,676,265.59, a decline of about 2.1%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,980[10] - The company reported a total of 73,666,824 shares held by Shenzhen Guangju Industrial Co., Ltd., representing 12.22% of total shares[12] Financial Adjustments and Standards - The company has implemented new leasing standards starting from 2021, but there are no adjustments to prior financial statements[25] - The company did not apply retrospective adjustments for prior comparative data under the new leasing standards[25] - The financial report adjustments related to the new leasing standards are not applicable for the current year[25] Strategic Initiatives and Outlook - The company is actively pursuing investments in new technology and projects, including the investment in the new generation information technology equity investment fund[12] - The company has made no significant progress on the Guangdong Aid Xinjiang project during the reporting period[12] - The company has undergone changes in its board of directors, with the election of Hu Ming as a non-independent director and vice chairman[12] - Future outlook and performance guidance are not detailed in the current reports[25][26] - No new products or technologies have been mentioned in the available content[25][26] - There are no indications of market expansion or mergers and acquisitions in the provided documents[25][26] - Other strategic initiatives are not discussed in the current reports[25][26] Other Financial Information - Non-operating income for the quarter totaled CNY 19,359,261.89, with major contributions from investment income[6] - The company’s financial expenses increased by 50.81% year-to-date, totaling CNY 8,767,200 due to increased loan scale[8] - Other income decreased to ¥5,484,415.64 from ¥12,552,207.45, a decline of 56.3%[18] - The company incurred financial expenses of ¥8,767,197.23, an increase from ¥5,813,326.43 in the previous period[18] - The third quarter report of Shenzhen Nanshan Thermal Power Co., Ltd. has not been audited[26] - There is no specific performance summary or user data provided in the available documents[25][26]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥376,602,393.38, a decrease of 27.32% compared to ¥518,150,606.21 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥1,456,269.68, down 97.20% from ¥52,040,498.42 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was -¥19,517,615.51, a decline of 292.30% compared to ¥10,149,730.42 in the same period last year[19]. - The basic earnings per share were ¥0.002, down 97.67% from ¥0.086 in the same period last year[19]. - The diluted earnings per share were also ¥0.002, reflecting the same decline of 97.67% compared to ¥0.086 in the previous year[19]. - The weighted average return on equity was 0.07%, a decrease of 2.50% from 2.57% in the previous year[19]. - The company reported a total profit for the first half of 2021 of CNY -0.76 million, compared to CNY 52.86 million in the same period of the previous year[125]. - The total comprehensive income for the first half of 2021 was CNY -0.76 million, compared to CNY 52.25 million in the same period of 2020[125]. Cash Flow and Investments - The net cash flow from operating activities was ¥68,920,712.99, a slight decrease of 1.45% from ¥69,936,561.46 in the previous year[19]. - The company reported a significant increase in investment cash flow outflows, totaling approximately CNY -442.54 million, a 528.57% increase compared to the previous year, mainly due to increased purchases of financial products[31]. - The net cash flow from investing activities was -¥442,542,660.44, compared to -¥70,404,614.02 in the first half of 2020, indicating a significant increase in investment outflows[133]. - Cash inflow from financing activities was ¥514,065,223.80, while cash outflow was ¥453,161,729.20, leading to a net cash flow of ¥60,903,494.60[133]. - The total cash and cash equivalents at the end of the period were ¥451,823,257.47, down from ¥1,084,903,966.81 at the end of the first half of 2020[133]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,206,158,742.54, an increase of 6.13% from ¥3,020,830,930.06 at the end of the previous year[19]. - The total liabilities increased to CNY 1,119,177,814.80 in the first half of 2021 from CNY 933,088,408.47 in the same period of 2020, marking a rise of 20%[117]. - The company's non-current assets rose to CNY 1,224,592,742.81 from CNY 1,085,600,688.66, showing an increase of approximately 12.83%[115]. - The total current liabilities decreased from CNY 1,145,000,000 to CNY 928,000,000, indicating a reduction of about 18.99%[115]. Operational Highlights - The company's main business includes power supply and heating production, with a total installed capacity of 900,000 kW from two gas-steam combined cycle power plants[27]. - In the first half of 2021, the two power plants generated a total of 635 million kWh of electricity, with 342 million kWh from price difference marketing and 265 million kWh from spot contract electricity[28]. - The energy sector accounted for 94.79% of total revenue, with a 24.06% decrease in electricity sales revenue compared to the previous year[32]. - The company's gross margin for the energy sector was 6.35%, down 5.00% year-on-year, indicating increased cost pressures[35]. Research and Development - Research and development expenses amounted to CNY 3.36 million, reflecting new technology development efforts by subsidiaries[31]. - The company invested CNY 3,360,629.60 in research and development during the first half of 2021, indicating a focus on innovation despite financial challenges[122]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[5]. - The total number of ordinary shareholders at the end of the reporting period was 40,917, with a significant shareholder, Hong Kong Nanhai Ocean (International) Limited, holding 15.28% of the shares[99]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[60]. Compliance and Governance - The company has not reported any significant litigation or arbitration matters during the reporting period[75]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[70]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[103]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[157]. Market and Strategic Outlook - The company plans to optimize upstream and downstream cooperation to reduce natural gas procurement costs amid rising prices due to high demand and supply constraints[54]. - The company is actively communicating with government departments to seek support and improve operational efficiency in response to challenging market conditions[52]. - The company is exploring diversified business models and transformation opportunities to enhance sustainable operations[52]. - The company aims to maintain a strong focus on safety management and compliance with new regulations to prevent accidents[53].

Financial Performance - Operating revenue decreased by 22.61% to CNY 540,079,674.10 for the current period, while year-to-date revenue increased by 3.12% to CNY 1,619,839,888.90[9] - Net profit attributable to shareholders decreased by 65.01% to CNY 7,163,302.91 for the current period, with a year-to-date decrease of 1,825.67% to CNY 37,175,398.13[9] - Basic earnings per share decreased by 66.67% to CNY 0.01 for the current period, with a year-to-date decrease of 1,825.67%[9] - The weighted average return on equity dropped to 0.36%, a decrease of 66.08% compared to the previous year[9] - The company reported a net cash flow from operating activities of CNY 182,384,779.63, reflecting a decrease of 206.44% year-to-date[9] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,845[13] - The largest shareholder, Hong Kong Nanhai Ocean Shipping (International) Co., Ltd., holds 15.28% of the shares[13] Cash Flow and Assets - Cash and cash equivalents at the end of the period amounted to 779.22 million yuan, an increase of 77.78% compared to the beginning of the year, mainly due to increased electricity sales revenue and new bank loans[17] - Accounts receivable at the end of the period totaled 190.52 million yuan, up 58.7% from the beginning of the year, attributed to increased receivables from electricity sales[17] - Net cash flow from operating activities for the period was 182.38 million yuan, a year-on-year increase of 206.44%, driven by increased electricity revenue and reduced tax payments[17] Investment and Financing Activities - The company reported a net outflow of cash from investing activities of 115.21 million yuan, a year-on-year increase of 129.21%, mainly due to increased capital expenditures for technological upgrades[17] - Financial expenses for the period decreased by 29.97% to 30.84 million yuan, primarily due to a reduction in financing scale[17] - The company terminated the issuance of medium-term notes and corporate bonds due to the expiration of registration documents, totaling 5 billion yuan and up to 2 billion yuan respectively[21] Operational Developments - The company plans to complete the upgrade of low-nitrogen burners for two gas turbine units by October 31, in line with government subsidy standards for air quality improvement[19] - The on-grid electricity price for natural gas power generation was adjusted from 0.715 yuan/kWh to 0.665 yuan/kWh effective July 1, 2018, impacting revenue[20] - Short-term borrowings at the end of the period were 857 million yuan, an increase of 66.13% compared to the beginning of the year, due to increased short-term bank loans[17] Non-Operating Income - The company reported non-operating income of CNY 2,564,697.67, primarily from government subsidies and asset disposals[10]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,079,760,214.80, representing a 23.69% increase compared to CNY 872,962,697.33 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 30,012,095.22, a significant turnaround from a loss of CNY 22,629,201.38 in the previous year, marking a 232.63% improvement[17]. - The net cash flow from operating activities was CNY 52,590,634.28, compared to a negative cash flow of CNY 65,448,855.27 in the same period last year, indicating a 180.35% increase[17]. - Basic and diluted earnings per share were both CNY 0.050, a significant improvement from a loss of CNY 0.040 per share in the same period last year, reflecting a 225.00% increase[17]. - The weighted average return on net assets was 1.46%, compared to -1.30% in the same period last year, showing a 212.31% improvement[17]. - The company achieved operating revenue of CNY 1,079.76 million, a year-on-year increase of 23.69%, primarily due to increased revenue from power generation business[34]. - The net profit attributable to the parent company was CNY 30.01 million, a significant turnaround from a loss of CNY 22.63 million in the same period last year, representing an increase of CNY 52.64 million[34]. - Operating profit for the first half of 2018 was RMB 37,776,886.10, compared to a loss of RMB 29,625,877.61 in the first half of 2017[118]. - Net profit for the first half of 2018 was RMB 28,829,762.75, a significant recovery from a net loss of RMB 30,712,587.05 in the same period of 2017[118]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,264,506,507.10, up 13.20% from CNY 2,883,804,392.70 at the end of the previous year[17]. - The total liabilities as of June 30, 2018, were RMB 1,211,330,190.22, up from RMB 859,457,838.57 at the end of 2017, indicating an increase of about 40.9%[113]. - Cash and cash equivalents increased to ¥774,980,279.97, making up 23.74% of total assets, up from 15.20% in the previous year, a change of 8.54% due to increased bank loans[42]. - The company's total equity rose to RMB 2,312,210,107.60 as of June 30, 2018, from RMB 2,295,753,661.19 at the end of 2017[115]. - The company's short-term borrowings increased to ¥911,500,000.00, accounting for 27.92% of total liabilities, up from 17.89% in the previous year, a change of 10.03% due to increased bank loans[42]. - The company's total liabilities decreased to CNY 1,362,988,051.97 from CNY 1,384,170,000.00 at the end of 2017[131]. Cash Flow - The cash flow from operating activities was CNY 52.59 million, a significant improvement from a negative cash flow of CNY 65.45 million in the previous year[36]. - Operating cash inflow for the first half of 2018 was CNY 1,102,251,180.56, a decrease of 14.1% compared to CNY 1,283,234,318.50 in the same period of 2017[123]. - Cash flow from investing activities showed a net outflow of CNY 55,487,860.52, compared to a net outflow of CNY 39,051,315.46 in the previous year[123]. - Cash flow from financing activities resulted in a net inflow of CNY 354,946,385.41, a significant improvement from a net outflow of CNY 964,425,970.10 in the first half of 2017[123]. - The ending balance of cash and cash equivalents increased to CNY 763,737,487.23 from CNY 320,399,482.41 at the end of 2017[124]. Investments and Projects - The company has a 5% stake in the nuclear power project of China Power Investment Corporation in Jiangxi, with a cumulative investment of ¥60,615,000[44]. - The company is actively pursuing the "Shenzhen Blue" technical transformation project to upgrade at least one unit with low-nitrogen burners as per government requirements[33]. - The company has initiated preliminary work on technical upgrades to meet government requirements for low-nitrogen burner upgrades by October 31, 2018, but relevant financial subsidy policies have not yet been implemented[56]. - The company plans to issue medium-term notes totaling up to 500 million RMB and non-publicly issue bonds not exceeding 2 billion RMB, but there has been no progress on these matters during the reporting period[89]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,739[95]. - The largest shareholder, Hong Kong Nanhai Ocean (International) Limited, holds 15.28% of the shares, totaling 92,123,248 shares[95]. - Shenzhen Guangju Industrial Co., Ltd. and Shenzhen Energy Group Co., Ltd. hold 12.22% and 10.80% of the shares, respectively[95]. - The company has maintained communication with relevant government departments to protect the interests of its shareholders and employees[88]. Environmental Compliance - The company reported a total nitrogen oxide emission of 149.49 tons, which is below the approved limit of 457.5 tons, indicating compliance with environmental standards[85]. - The company has established an environmental self-monitoring plan, which has been approved by environmental authorities and is regularly updated on their website[86]. - The company has successfully passed environmental impact assessments for all four legal entities and has filed with the Guangdong Provincial Environmental Protection Department[86]. Operational Challenges - The company achieved a turnaround in operating performance in the first half of 2018, but the main business direction and operating environment have not fundamentally changed, leading to uncertainty in achieving continuous profitability[56]. - The company anticipates that existing natural gas contract volumes may not meet the electricity generation demand in the second half of the year due to upstream gas supply constraints and unexpectedly high temperatures[54]. - The company faces challenges in safety management due to aging equipment and workforce, necessitating enhanced safety education and training measures[56]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[136]. - The company adheres to the accounting policies and estimates relevant to its operations, including revenue recognition[139]. - The company recognizes deferred tax assets related to deductible temporary differences if new information indicates that the economic benefits can be realized within 12 months post-acquisition, reducing goodwill accordingly[146].

Revenue and Profitability - Revenue for Q1 2018 reached ¥403,525,942.67, an increase of 26.59% compared to ¥318,755,094.24 in the same period last year[11] - The company reported a net profit margin of approximately 33.5% based on the latest financial data[36] - The net profit for the current period was a loss of ¥15,306,549.40, an improvement compared to a loss of ¥33,629,918.55 in the previous period, reflecting a reduction in losses by approximately 54.4%[41] - The company's gross profit margin for the current period was approximately -3.7%, compared to -10.9% in the previous period, showing an improvement in profitability[40] - Basic and diluted earnings per share for the current period were both -0.02, compared to -0.05 in the previous period, indicating a reduction in loss per share[41] Cash Flow and Financial Position - Net cash flow from operating activities was -¥69,260,605.97, a 67.51% improvement from -¥213,153,838.55 in the previous year[11] - Cash and cash equivalents at the end of the period amounted to RMB 689.28 million, an increase of 57.26% compared to the beginning of the year, primarily due to increased electricity sales revenue and new bank loans[18] - The net cash flow from financing activities for the period was RMB 367.90 million, a year-on-year increase of 148.53%, mainly due to new bank loans[18] - Total cash inflow from financing activities was 545,460,000.00 yuan, significantly higher than 101,780,000.00 yuan in the previous period, reflecting increased borrowing[49] - The cash flow from operating activities showed a net outflow of -46,300,305.13 yuan, an improvement from -229,977,884.42 yuan in the previous period[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,172,002,817.41, reflecting a 9.99% increase from ¥2,883,804,392.70 at the end of the previous year[11] - Current assets increased to ¥1,552,353,676.33 from ¥1,246,229,652.99, representing a growth of approximately 24.5%[31] - Total liabilities increased to ¥1,162,962,812.68 from ¥859,457,838.57, marking a rise of about 35.3%[33] - Short-term borrowings surged to ¥880,850,000.00 from ¥515,850,000.00, an increase of approximately 70.7%[32] - The company's total equity decreased to ¥2,009,040,004.73 from ¥2,024,346,554.13, a decrease of about 0.8%[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,019[14] - The largest shareholder, Hong Kong Nam Hoi (International) Ltd, held 15.28% of shares, totaling 92,123,248 shares[14] - Shenzhen Guangju Industrial Co., Ltd. and Shenzhen Energy Group Co., Ltd. held 12.22% and 10.80% of shares, respectively[14] Operational Performance - Operating revenue for the period was RMB 403.53 million, a year-on-year increase of 26.59%, mainly driven by increased electricity sales revenue[18] - Operating costs for the period were RMB 385.05 million, a year-on-year increase of 24.27%, attributed to increased power generation leading to higher costs[18] - The company’s management reported a focus on improving operational efficiency and reducing costs in future strategies to enhance profitability[40] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[36] Other Financial Metrics - The company reported other income of ¥1,714,804.83 for the current period, with no corresponding figure in the previous period[40] - The total comprehensive income for the current period was a loss of ¥15,306,549.40, compared to a loss of ¥33,629,918.55 in the previous period, indicating a significant reduction in comprehensive losses[41] - The company received government subsidies amounting to ¥1,103,639.94 during the reporting period[12]