Stock code: 000037, 200037 Stock abbreviation: Shenzhen Nanshan Power A, Shenzhen Nanshan Power B
Announcement No.: 2025-044
The Third Quarterly Report of 2025 of Shenzhen Nanshan
Power Co., Ltd.
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurateand complete, and there are no false records, misleading statements or major omissions.Important note:
1. The Board of Directors, directors and senior officers shall ensure the authenticity, accuracy and completeness of thequarterly report, and bear individual and joint legal liabilities for any false records, misleading statements or majoromissions.
2. The Principal, Chief Accountant, Chief Finance Officer, and head of the accounting department (accounting officer)declare that financial information in the quarterly report is true, accurate and complete.
3. Whether the financial accounting report for the third quarter has been audited
□Yes ?No
I. Key financial data(I) Key accounting data and financial indicatorsWhether the Company need to retroactively adjust or restate the previous accounting data
□Yes ?No
| The reporting period | Changes YoY | Beginning of the year to the end of the reporting period | YoY increase or decrease from the beginning of the year to the end of the reporting period | |
| Operating revenue (RMB) | 112,542,562.16 | -38.54% | 278,932,516.41 | -24.82% |
| Net profit attributable to shareholders of listed companies (RMB) | 1,796,231.44 | 123.10% | -19,943,278.20 | 56.29% |
| Net profit attributable to shareholders of listed companies after deducting non-recurring profit or loss (RMB) | 779,925.20 | 107.00% | -27,547,092.15 | 50.72% |
| Net cash flows from operating activities (RMB) | — | — | -49,666,179.21 | 38.99% |
| Basic earnings per share (RMB/share) | 0.0030 | 123.26% | -0.0331 | 56.27% |
| Diluted earnings per share (RMB/share) | 0.0030 | 123.26% | -0.0331 | 56.27% |
| weighted average rate of return on net assets | 0.12% | Increased by 0.67 percentage points | -1.35% | Increased by 1.83 percentage points |
| At the end of the reporting period | At the end of the previous year | Change compared to the end of the previous year. | ||
| Total assets (RMB) | 2,011,510,732.33 | 2,012,736,635.59 | -0.06% | |
| Owner's equity attributable to shareholders of the listed company (RMB) | 1,470,115,176.52 | 1,485,380,575.08 | -1.03% | |
(II) Non-recurring profit and loss items and amount?Applicable □ Not applicable
Unit: RMB
| Item | Amount during the reporting period | Amount from the beginning of the year to the end of the reporting period | Remark |
| Profit or loss on disposal of non-current assets (including write-off of provision for asset impairment) | -730,730.89 | 426,001.63 | Mainly due to the impact of profit and loss from disposal of non-current assets. |
| Government subsidies included in the current | 276,395.34 | 341,118.48 | Mainly the government subsidies related to income. |
| profit or loss (except for those that are closely related to the Company's normal business operations, comply with national policies and regulations, are enjoyed according to determined standards, and have a sustained impact on the Company's profit or loss) | |||
| Profit or loss from changes in fair value of financial assets and liabilities held by non-financial enterprises and profit or loss from the disposal of financial assets and financial liabilities, except for effective hedging operations related to the Company's normal business operations | 2,577,450.03 | 7,772,661.71 | Mainly from the investment income obtained from the large-denomination certificates of deposit, structured deposits and money market funds. |
| Other non-operating revenue and expenses other than the above | -1,397,693.77 | -1,489,972.96 | Mainly due to the company's settlement and payment with related parties on the business disputes left over from history in the current period. |
| Changes in the amount of minority interests (after tax) | -290,885.53 | -554,005.09 | |
| Total | 1,016,306.24 | 7,603,813.95 | -- |
Details of other profit or loss that meet the definition of non-recurring gains and losses:
□Applicable ?Not applicable
The Company had no specific profit or loss items that meet the definition of non-recurring profit or loss.Notes on the definition of the non-recurring profit or loss items listed in the "Interpretive Announcement No. 1 onInformation Disclosure of Companies Issuing Securities to the Public - Non-recurring Profit or Loss" as recurring profit orloss items
□Applicable ?Not applicable
The company does not define non-recurring profit or loss listed in the Explanation on defining non-recurring profit or losslisted in the Explanatory Announcement No. 1 on Information Disclosure of Companies that Offer Securities to the Public- Non-recurring Gains and Losses as recurring profit or loss.
(III) Changes in key accounting data and financial indicators and reasons?Applicable □ Not applicable
| Balance sheet items | September 30, 2025 | January 1, 2025 | Change ratio | Explanation of changes |
| Monetary funds | 52,070,006.75 | 478,979,221.66 | -89.13% | Mainly: Firstly, the company strengthened fund management, improved the capital use efficiency, and increased the deposit of existing monetary funds allocated to structured deposits and monetary funds at commercial banks in the current period; secondly, the Company optimized the asset-liability structure, repaid the short- |
| term borrowings due in the current period, and the monetary funds decreased. | ||||
| Financial assets held for trading | 272,656,854.67 | 0.00 | 100.00% | Mainly due to the increase in existing monetary funds allocated to structured deposits at commercial banks and money market funds. |
| Accounts receivable | 107,961,108.31 | 67,817,025.91 | 59.19% | Mainly due to the fact that the independent energy storage project of Shenzhen Nanshan Power Xiwan Company was put into operation in the current period, and the receivables from the integrated energy service business increased. |
| contract assets | 3,241,784.80 | 95,580.68 | 3291.67% | Mainly due to the increase in the progress payment receivable and the unexpired quality guarantee deposit of the company's integrated energy service project in the current period. |
| Construction in progress | 1,883,438.33 | 6,983,713.85 | -73.03% | Mainly due to the completion of the independent energy storage project of Shenzhen Nanshan Power Xiwan Company in the current period, and the preliminary transfer to fixed assets, and the decrease in the construction in progress. |
| Right-of-use assets | 30,252,504.20 | 6,160,020.43 | 391.11% | Mainly due to the recognition of right-of-use assets for the leased land and above-ground buildings newly added for the independent energy storage project of Shenzhen Nanshan Power Xiwan Company in order to ensure the operation of the project. |
| Intangible assets | 2,114,546.24 | 1,349,731.81 | 56.66% | Mainly due to the increase in the company's investment in information construction projects in the current period in order to improve operational efficiency and refined management level. |
| Goodwill | 35,708.95 | 0.00 | 100.00% | Mainly due to the goodwill arising from the acquisition of energy technology companies by business combinations not under common control in the current period. |
| Deferred tax assets | 4,606,548.06 | 625,000.00 | 637.05% | Mainly due to the acquisition of energy technology companies in the current period, and the increase in deferred income tax assets recognized by subsidiaries within the scope of consolidation due to deductible losses. |
| Other non-current assets | 2,868,974.00 | 5,596,476.40 | -48.74% | Mainly due to the completion of the independent energy storage project of Shenzhen Nanshan Power Xiwan Company in the current period, and the pre-transfer to fixed assets, and the decrease in the prepayment of the project in progress. |
| short-term borrowings | 93,072,991.65 | 268,615,009.19 | -65.35% | Mainly due to the company's repayment of short-term borrowings due in the current period, and the short-term borrowings decreased. |
| Accounts payable | 96,740,685.40 | 14,022,157.61 | 589.91% | Mainly due to the completion of the independent energy storage project of Shenzhen Nanshan Power Xiwan Company in the current period, the pre-transfer to fixed assets and the increase in project funds and equipment funds payable. |
| contract liabilities | 95,720.03 | 50,000.00 | 91.44% | Mainly due to the increase in advances received for integrated energy service projects in the current period. |
| Employee compensation payable | 5,354,912.94 | 16,052,879.47 | -66.64% | Mainly due to the annual performance remuneration accrued at the end of the previous year paid in the current period. |
| taxes payable | 8,859,813.99 | 14,348,908.04 | -38.25% | Mainly due to the enterprise income tax accrued at the end of last year paid by Xiefu Company in the current period. |
| Other payables | 7,903,407.65 | 15,685,234.29 | -49.61% | It was mainly due to the fact that Shenzhen Nanshan Power Zhongshan Company paid the demolition and disposal costs of the oil tank and oil pipeline of plot A accrued at the end of the previous year according to the relevant agreement on land acquisition and storage. |
| long-term borrowings | 97,154,742.83 | 0.00 | 100.00% | Mainly due to the construction of independent energy storage projects of Shenzhen Nanshan Power Xiwan Company, and the new special fixed asset loans in the current period. |
| lease liabilities | 25,640,478.66 | 2,125,910.18 | 1106.09% | Mainly due to the recognition of lease liabilities for the leased land and above-ground buildings newly added for the independent energy storage project of Shenzhen Nanshan Power Xiwan Company in the current period. |
| deferred tax liabilities | 4,023,323.42 | 0.00 | 100.00% | Mainly due to the taxable temporary differences arising from the one-time pre-tax deduction of fixed assets with a unit value of more than RMB 5 million in the Shenzhen Nanshan Power Xiwan Company after they are put into use, and the income tax effect is offset and recognized on a net basis. |
| Income statement items | January - September 2025 | January - September 2024 | Year-on-year increase or decrease | Explanation of changes |
| operating costs | 237,145,015.81 | 347,115,833.39 | -31.68% | Mainly due to the dynamic adjustment of spot market clearing strategies in response to nodal electricity prices, with the objective of maximizing the comprehensive returns from its power generation business, resulting in a YoY decrease in power generation sales revenue. |
| R&D expenses | 13,301,146.34 | 22,603,237.67 | -41.15% | Mainly due to the decrease ongoing R&D projects of the Company in the current period, resulting in a YoY decrease in R&D expenses. |
| financial expenses | 3,305,072.01 | 7,127,968.01 | -53.63% | Mainly due to the Company's notable progress in revitalizing existing assets in 2024, resulting in a YoY increase in net monetary funds during this period, and enhanced liquidity management, resulting in a YoY decrease in financial expenses. |
| investment income | 16,758,102.10 | 12,096,450.59 | 38.54% | Mainly due to the dividend distribution received by the company from the investment in other equity instruments held in the current period, and the YoY increase in investment income. |
| gains from disposal of assets | 426,001.63 | 295,289.14 | 44.27% | Mainly due to the adjustment of unrealized internal transaction profit/loss after disposal of non-current assets in the current period, and the YoY increase in assets disposal income. |
| Non-operating expenses | 1,500,272.96 | 116,209.21 | 1191.01% | Mainly due to the company's settlement and payment with related parties on business disputes left over from history in the current period, resulting in YoY increase in non-operating expenses. |
| Income tax expenses | 4,089,915.33 | 0.00 | 100.00% | Mainly due to the Company's further promotion of the strategic transformation to an integrated energy service provider. The independent energy storage project of Shenzhen Nanshan Power Xiwan Company was put into operation and achieved profitability in the current period, and the corresponding income tax expenses increased. |
| Statement of cash flows items | January - September 2025 | January - September 2024 | Year-on-year increase or decrease | Explanation of changes |
| Net cash flows from operating activities | -49,666,179.21 | -81,406,730.48 | 38.99% | Mainly due to the following factors: Firstly, the Company's independent energy storage project of Shenzhen Nanshan Power Xiwan Company was put into operation in the current period, and the revenue and marginal contribution of the integrated energy service business increased significantly; secondly, the strategic acquisition of energy technology companies was completed in the current period, resulting in new cash inflows from operating activities, and the net cash flows from operating activities increased YoY. |
| Net cash flows from investing activities | -289,579,804.83 | 200,352,838.00 | -244.53% | Mainly due to the following factors: Firstly, the Company's active advancement of the construction of independent energy storage projects of Shenzhen Nanshan Power Xiwan Company, resulting in the increase in the cash paid for equipment procurement and project funds in the current period; secondly, enhanced fund management to improve the efficiency of capital, with an increase in the existing monetary funds allocated to structured deposits and monetary funds at commercial banks in the current period, and the increase in cash outflows from investing activities and a consequent year-on-year decrease in net cash flow from investing activities. |
| Net cash flows from financing activities | -85,173,244.99 | -22,231,830.09 | -283.11% | Mainly due to the Company's optimization of its asset and liability structure, and the year-on-year decrease in the scale of new financing during the current period, resulting in an increase in the net cash flows from financing activities on a year-on-year basis. |
| Net increase in cash equivalents | -424,490,487.16 | 96,650,388.90 | -539.20% | Mainly due to a YoY decrease in net cash flows from investing activities and financing activities, collectively resulting in a reduction |
of net increase in cash and cashequivalents on a year-on-year basis.
II. Shareholders information(I) Total number of ordinary shareholders and number of preferred shareholders whose votingrights have been restored and shareholdings of the top ten shareholders
Unit: share
| Total number of ordinary shareholders at the end of the reporting period | 46,770 | Total number of preferred shareholders whose voting rights have been restored at the end of the reporting period (if any) | 0 | |||
| Shareholdings of the top 10 shareholders (excluding shares lent through refinancing) | ||||||
| Name | Nature of shareholder | Shareholding ratio | Number of shares held | Number of shares held with selling restrictions | Pledge, marking or freezing | |
| Share status | Quantity | |||||
| HONG KONG NAM HOI (INTERNATIONAL) LTD | Overseas legal person | 15.28% | 92,123,248 | 0 | Not applicable | 0 |
| Shenzhen Guangju Industrial Co., Ltd. | State-owned legal person | 12.22% | 73,666,824 | 0 | Not applicable | 0 |
| Shenzhen Energy Corporation | State-owned legal person | 10.80% | 65,106,130 | 0 | Not applicable | 0 |
| Zeng Ying | Domestic natural person | 1.19% | 7,159,600 | 0 | Not applicable | 0 |
| China Merchants Securities (Hong Kong) Co., Ltd. | Overseas legal person | 0.91% | 5,462,154 | 0 | Not applicable | 0 |
| GUOTAI JUNAN SECURITIES（HONG KONG） LIMITED | Overseas legal person | 0.89% | 5,379,880 | 0 | Not applicable | 0 |
| BOCI SECURITIES LIMITED | Overseas legal person | 0.72% | 4,310,566 | 0 | Not applicable | 0 |
| LISHERYNZHANMING | Overseas natural person | 0.69% | 4,163,600 | 0 | Not applicable | 0 |
| Huang Yilong | Domestic natural person | 0.64% | 3,866,500 | 0 | Not applicable | 0 |
| Zhang Yuexiang | Domestic natural person | 0.55% | 3,300,053 | 0 | Not applicable | 0 |
| The shareholding situation of the top 10 shareholders with unrestricted tradable shares (excluding shares lent out through refinancing and senior executive/locked shares) | ||||||
| Name | Number of shares held without restrictions on sales | Type and number of shares | ||||
| Type of shares | Quantity | |||||
| HONG KONG NAM HOI (INTERNATIONAL) LTD | 92,123,248 | Domestic listed foreign shares | 92,123,248 | |||
| Shenzhen Guangju Industrial Co., Ltd. | 73,666,824 | RMB ordinary shares | 73,666,824 | |
| Shenzhen Energy Corporation | 65,106,130 | RMB ordinary shares | 65,106,130 | |
| Zeng Ying | 7,159,600 | Domestic listed foreign shares | 7,159,600 | |
| China Merchants Securities (Hong Kong) Co., Ltd. | 5,462,154 | Domestic listed foreign shares | 5,462,154 | |
| GUOTAI JUNAN SECURITIES（HONG KONG） LIMITED | 5,379,880 | Domestic listed foreign shares | 5,379,880 | |
| BOCI SECURITIES LIMITED | 4,310,566 | Domestic listed foreign shares | 4,310,566 | |
| LISHERYNZHANMING | 4,163,600 | Domestic listed foreign shares | 4,163,600 | |
| Huang Yilong | 3,866,500 | RMB ordinary shares | 3,866,500 | |
| Zhang Yuexiang | 3,300,053 | Domestic listed foreign shares | 3,300,053 | |
| Explanation of the above-mentioned shareholders' relationship or concerted actions | 1. Shenzhen Energy Corporation holds 100% equity in HONG KONG NAM HOI (INTERNATIONAL) LTD 2. The Company is unaware of whether the above-mentioned other public shareholders have any relationship or are persons acting in concert. | |||
| Disclosure on the participation of the top 10 shareholders in margin trading and securities lending (if any) | None | |||
Participation of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholdersof 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 theprevious period due to refinancing lending/repayment
□Applicable ?Not applicable
(II) Total number of preferred shareholders of the Company and shareholding of the top 10preferred shareholders
□Applicable ?Not applicable
III. Other significant events
□Applicable ?Not applicable
IV. Quarterly financial statements(I) Financial statements
1. Consolidated balance sheet
Prepared by: Shenzhen Nanshan Power Co., Ltd.
September 30, 2025
Unit: RMB
| Item | Ending balance | Beginning balance |
| Current assets: | ||
| Monetary funds | 52,070,006.75 | 478,979,221.66 |
| Balances with clearing companies | ||
| Loans to banks and other financial institutions | ||
| Financial assets held for trading | 272,656,854.67 | |
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 107,961,108.31 | 67,817,025.91 |
| Receivables financing | ||
| Advances to suppliers | 14,571,845.57 | 19,062,352.04 |
| Premiums receivable | ||
| Reinsurance accounts receivable | ||
| Receivable reinsurance contract reserve | ||
| Other receivables | 119,503,258.72 | 131,831,575.62 |
| Including: interest receivable | ||
| dividends receivable | ||
| Financial assets purchased under resale agreements | ||
| Inventories | 79,537,717.20 | 80,234,374.79 |
| Including: data resources | ||
| contract assets | 3,241,784.80 | 95,580.68 |
| Assets held for sale | 24,582,784.59 | 24,582,784.59 |
| Non-current assets due within one year | ||
| Other current assets | 294,812,926.86 | 285,528,539.22 |
| Total current assets | 968,938,287.47 | 1,088,131,454.51 |
| Non-current assets: | ||
| Issuance of loans and advances | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivables | ||
| long-term equity investments | 92,973,713.04 | 90,587,521.44 |
| Other investments in equity instruments | 350,768,378.71 | 354,798,054.57 |
| Other non-current financial assets | ||
| investment properties | 1,373,092.27 | 1,498,009.84 |
| Fixed assets | 551,149,843.46 | 451,203,790.97 |
| Construction in progress | 1,883,438.33 | 6,983,713.85 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 30,252,504.20 | 6,160,020.43 |
| Intangible assets | 2,114,546.24 | 1,349,731.81 |
| Including: data resources | ||
| Development expenses | ||
| Including: data resources | ||
| Goodwill | 35,708.95 | |
| Long-term deferred expenses | 4,545,697.60 | 5,802,861.77 |
| Deferred tax assets | 4,606,548.06 | 625,000.00 |
| Other non-current assets | 2,868,974.00 | 5,596,476.40 |
| Total non-current assets | 1,042,572,444.86 | 924,605,181.08 |
| Total assets | 2,011,510,732.33 | 2,012,736,635.59 |
| Current liabilities: | ||
| short-term borrowings | 93,072,991.65 | 268,615,009.19 |
| Loans from the Central Bank | ||
| Loans from banks and other financial institutions | ||
| Financial liabilities held for trading | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Accounts payable | 96,740,685.40 | 14,022,157.61 |
| advances from customers | ||
| contract liabilities | 95,720.03 | 50,000.00 |
| Financial assets sold under repurchase agreements | ||
| Customer bank deposits and due to banks and other financial institutions | ||
| Receivings from vicariously traded securities | ||
| Receivings from vicariously sold securities | ||
| Employee compensation payable | 5,354,912.94 | 16,052,879.47 |
| taxes payable | 8,859,813.99 | 14,348,908.04 |
| Other payables | 7,903,407.65 | 15,685,234.29 |
| Including: interest payable | ||
| Dividends payable | ||
| Handling charges and commissions | ||
| Reinsurance accounts payable | ||
| Liabilities held for sale | ||
| Non-current liabilities maturing within one year | 5,069,331.10 | 4,466,835.32 |
| Other current liabilities | 108,443,857.44 | 107,922,984.82 |
| Total current liabilities | 325,540,720.20 | 441,164,008.74 |
| Non-current liabilities: | ||
| reserves for insurance contract | ||
| long-term borrowings | 97,154,742.83 | |
| Bonds payable | ||
| Including: preferred shares | ||
| Perpetual bonds | ||
| lease liabilities | 25,640,478.66 | 2,125,910.18 |
| long-term payables | ||
| Long-term employee compensations payable | ||
| Estimated liabilities | ||
| Deferred income | 56,763,465.82 | 61,522,875.97 |
| deferred tax liabilities | 4,023,323.42 | |
| Other non-current liabilities | ||
| Total non-current liabilities | 183,582,010.73 | 63,648,786.15 |
| total liabilities | 509,122,730.93 | 504,812,794.89 |
| Owners' equity: | ||
| Share capital | 602,762,596.00 | 602,762,596.00 |
| Other equity instruments | ||
| Including: preferred shares | ||
| Perpetual bonds |
| Capital reserve | 362,770,922.10 | 362,770,922.10 |
| Less: treasury shares | ||
| Other comprehensive income | 3,049,378.71 | 1,683,054.57 |
| Special reserve | 1,958,663.24 | |
| Surplus reserve | 332,908,397.60 | 332,908,397.60 |
| General risk reserves | ||
| Undistributed profits | 166,665,218.87 | 185,255,604.81 |
| Total equity attributable to the owners of the parent company | 1,470,115,176.52 | 1,485,380,575.08 |
| minority interests | 32,272,824.88 | 22,543,265.62 |
| Total owners' equity | 1,502,388,001.40 | 1,507,923,840.70 |
| Total Liabilities and owners' equity | 2,011,510,732.33 | 2,012,736,635.59 |
Legal Representative: Kong Guoliang Chief Accountant: Kong Guoliang Chief Financial Officer: Zhang Xiaoyin Head ofFinance Department: Lin Xiaojia
2. Consolidated income statement from the beginning of the year to the end of the reportingperiod
Unit: RMB
| Item | Amount incurred in the current period | Amount incurred in previous period |
| I. Total operating revenue | 278,932,516.41 | 371,008,976.90 |
| Including: operating revenue | 278,932,516.41 | 371,008,976.90 |
| Interest income | ||
| premiums earned | ||
| Handling charges and commission income | ||
| II. Total operating costs | 311,435,808.08 | 438,675,510.79 |
| Including: operating costs | 237,145,015.81 | 347,115,833.39 |
| Interest expenses | ||
| Expenses from handling charges and commissions | ||
| Surrender value | ||
| Net amount of compensation payout | ||
| Net provision for insurance liability reserves | ||
| Policy dividends | ||
| Reinsurance costs | ||
| taxes and surcharges | 2,843,644.76 | 2,281,176.31 |
| selling and distribution expenses | 1,791,018.36 | 2,419,675.17 |
| G&A expenses | 53,049,910.80 | 57,127,620.24 |
| R&D expenses | 13,301,146.34 | 22,603,237.67 |
| financial expenses | 3,305,072.01 | 7,127,968.01 |
| Including: interest expenses | 5,520,695.21 | 10,872,339.65 |
| Interest income | -2,458,624.55 | -4,046,397.68 |
| Plus: other income | 5,100,528.63 | 5,199,081.29 |
| Investment income (losses expressed with "-") | 16,758,102.10 | 12,096,450.59 |
| Including: investment income from associates and joint ventures | 3,196,461.05 | 2,349,226.73 |
| Gains from |
| derecognition of financial assets measured at amortized costs | ||
| Exchange gains (losses expressed with "-") | ||
| Net exposure hedging gains (losses expressed with "-") | ||
| Gains from fair value changes (losses expressed with "-") | ||
| Losses from credit impairment (losses expressed with "-") | 83,303.29 | |
| Asset impairment loss (losses expressed with "-") | ||
| Gains from disposal of assets (losses expressed with "-") | 426,001.63 | 295,289.14 |
| III. Operating profit (losses expressed with "-") | -10,135,356.02 | -50,075,712.87 |
| Plus: non-operating revenue | 10,300.00 | 113,492.10 |
| Less: non-operating expenses | 1,500,272.96 | 116,209.21 |
| IV. Total profit (total losses expressed with "-") | -11,625,328.98 | -50,078,429.98 |
| Less: income tax expenses | 4,089,915.33 | |
| V. Net profit (losses expressed with "-") | -15,715,244.31 | -50,078,429.98 |
| (I) Classification by business continuity | ||
| 1. Net profit from continued operations (net losses expressed with "-") | -15,715,244.31 | -50,078,429.98 |
| 2. Net profit from discontinued operations (net losses expressed with "-") | ||
| (II) Classification by ownership | ||
| 1. Net profit attributable to shareholders of the parent company ("-" for net losses) | -19,943,278.20 | -45,628,230.07 |
| 2. Minority interest income ("-" for net losses) | 4,228,033.89 | -4,450,199.91 |
| VI. Net of tax of other comprehensive income | 1,366,324.14 | |
| Net after-tax amount of other comprehensive income attributable to owners of parent company | 1,366,324.14 | |
| (I) Other comprehensive income that cannot be reclassified into profit or loss | 1,366,324.14 | |
| 1. Remeasure changes in benefit plans | ||
| 2. Other comprehensive income that cannot be converted into profit or loss under the equity method | ||
| 3. Fair value changes of other investments in equity instruments | 1,366,324.14 | |
| 4. Fair value changes of the enterprise's own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive income that will be reclassified to profit or loss | ||
| 1. Other comprehensive income that can be converted into |
| profit or loss under the equity method | ||
| 2. Fair value changes of other debt investments | ||
| 3. Amounts reclassified from financial assets into other comprehensive income | ||
| 4. Credit loss provisions for other debt investments | ||
| 5. Cash flow hedging reserve | ||
| 6. Differences arising from foreign currency financial statements | ||
| 7. Others | ||
| Net of tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | -14,348,920.17 | -50,078,429.98 |
| (I) Total comprehensive income attributable to the owner of the parent company | -18,576,954.06 | -45,628,230.07 |
| (II) Total comprehensive income attributable to minority shareholders | 4,228,033.89 | -4,450,199.91 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share | -0.0331 | -0.0757 |
| (II) Diluted earnings per share | -0.0331 | -0.0757 |
Legal Representative: Kong Guoliang Chief Accountant: Kong Guoliang Chief Financial Officer: Zhang Xiaoyin Head ofFinance Department: Lin Xiaojia
3. Consolidated statement of cash flow from the beginning of the year to the end of thereporting period
Unit: RMB
| Item | Amount incurred in the current period | Amount incurred in previous period |
| I. Cash flows from operating activities: | ||
| Cash received from selling goods and providing services | 279,041,540.75 | 402,871,423.57 |
| Net increase in customer bank deposits and due to banks and other financial institutions | ||
| Net increase in borrowings from the Central Bank | ||
| Net increase in borrowings from banks and other financial institutions | ||
| Cash received from premiums from the original insurance contract | ||
| Net cash received from reinsurance business | ||
| Net increase in policyholders' savings and investment funds | ||
| Cash received from interest, handling charges and commissions | ||
| Net increase in borrowings from banks and other financial institutions | ||
| Net increase in funds from repurchase business | ||
| Net cash received from vicariously traded securities | ||
| Tax refunds received | ||
| Other cash related to operating activities received | 10,825,367.05 | 19,347,302.02 |
| Sub-total of cash inflows from operating activities | 289,866,907.80 | 422,218,725.59 |
| Cash paid for purchase of goods and acceptance of services | 217,058,588.72 | 329,471,510.91 |
| Net increase in loans and advances to customers | ||
| Net increase in deposits with the Central Bank and interbank funds | ||
| Cash paid for indemnity payment of original insurance contract | ||
| Net increase in lending funds | ||
| Cash paid for interest, handling charges and commissions | ||
| Cash paid for policy dividends | ||
| Cash paid to and on behalf of employees | 86,683,465.97 | 116,384,167.36 |
| Taxes and fees paid | 18,055,329.36 | 17,016,141.72 |
| Other cash related to operating activities paid | 17,735,702.96 | 40,753,636.08 |
| Sub-total of cash outflows from operating activities | 339,533,087.01 | 503,625,456.07 |
| Net cash flows from operating activities | -49,666,179.21 | -81,406,730.48 |
| II. Cash flows from investing activities: | ||
| Cash received from recovery of investments | 8,698,892.26 | 407,000,000.00 |
| Cash received from investment income | 10,354,447.41 | 5,471,924.04 |
| Net cash recovered from disposal of fixed assets, intangible assets and other long-term assets | 72,391,390.63 | 71,805,059.00 |
| Net cash received from disposal of subsidiaries and other business units | ||
| Other cash received relating to investing activities | 17,559,407.20 | |
| Sub-total of cash inflows from investing activities | 109,004,137.50 | 484,276,983.04 |
| Cash paid for the acquisition and construction of fixed assets, intangible assets and other long-term assets | 122,812,997.09 | 7,924,145.04 |
| Cash paid for investments | 1,950,000.00 | 50,000,000.00 |
| net increase in pledge loans | ||
| Net cash paid for acquisition of subsidiaries and other business units | ||
| Payments of other cash related to investing activities | 273,820,945.24 | 226,000,000.00 |
| Sub-total of cash outflows from investing activities | 398,583,942.33 | 283,924,145.04 |
| Net cash flows from investing activities | -289,579,804.83 | 200,352,838.00 |
| III. Cash flows from financing activities: | ||
| Cash received from absorption of investments | 24,500,000.00 | |
| Including: cash received by subsidiaries from absorption of minority shareholders' investments | ||
| Cash received from acquisition of borrowings | 97,154,742.83 | 342,026,209.56 |
| Other cash received related to financing activities | ||
| Sub-total of cash inflows from financing activities | 97,154,742.83 | 366,526,209.56 |
| Cash paid to repay debt | 175,558,036.22 | 373,844,324.72 |
| Cash paid for distribution of dividends, profits or interest payments | 3,277,382.60 | 8,351,022.93 |
| Including: dividends and profits paid |
| by subsidiaries to minority shareholders | ||
| Payments of other cash related to financing activities | 3,492,569.00 | 6,562,692.00 |
| Sub-total of cash outflows from financing activities | 182,327,987.82 | 388,758,039.65 |
| Net cash flows from financing activities | -85,173,244.99 | -22,231,830.09 |
| IV. Impact of fluctuation in exchange rate on cash and cash equivalents | -71,258.13 | -63,888.53 |
| V. Cash and net increase in cash equivalents | -424,490,487.16 | 96,650,388.90 |
| Plus: beginning cash and balance of cash equivalents | 471,067,121.66 | 310,734,919.56 |
| VI. Ending balance of cash and cash equivalents | 46,576,634.50 | 407,385,308.46 |
Legal Representative: Kong Guoliang Chief Accountant: Kong Guoliang Chief Financial Officer: Zhang Xiaoyin Head ofFinance Department: Lin Xiaojia(II) Adjustment of relevant items of the financial statements at the beginning ofthe year in the year of initial implementation of new accounting standards from2025
□Applicable ?Not applicable
(III) Auditors' ReportWhether the financial accounting report for the third quarter has been audited
□Yes ?No
The company's financial report for the third quarter has not been audited.
Board of Directors of Shenzhen Nanshan Power Co., Ltd.
October 28, 2025