Shenzhen Nanshan Power Co.,Ltd.
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Shenzhen Nanshan Thermal Power Co., Ltd. (hereinafter referred to as "the company" or "Shenzhen Nanshan Power") was established in April 1990. It is a Sino foreign joint stock enterprise mainly engaged in production and operation of power supply and heating, general contracting of power plant (station) construction projects, providing technical consulting and technical services. In November 1993, with the approval of the Shenzhen Municipal People's Government, the company was officially reorganized into a limited liability company and publicly issued stocks. In July and November 1994, the company's A and B shares were listed on the Shenzhen Stock Exchange. As of December 31, 2019, the total share capital of the company is 602762596 shares. Since its establishment, the company has adhered to the development strategy of simultaneously developing gas turbine power generation and upstream and downstream industries. While continuously improving management level and expanding power generation production scale, it has successively engaged in gas turbine power station engineering construction, oil trade, gas turbine power generation technology training and other related fields through equity participation, shareholding, and other forms, striving to move towards diversification and cross regional direction. The subsidiary holding and participating companies of the company include 7 domestic and foreign enterprises, including Shenzhen New Power Industry Co., Ltd., Shenzhen Shennan Electric Turbine Engineering Technology Co., Ltd., Shennan Electric (Zhongshan) Power Co., Ltd., Shenzhen Xiefu Energy Co., Ltd., Shenzhen Shennan Electric Environmental Protection Co., Ltd., Shennan Energy (Singapore) Co., Ltd., and China Power Investment Jiangxi Nuclear Power Co., Ltd. At present, the company has a total of 5 9E units, including 3 units from Nanshan Thermal Power Plant and 2 units from Shennan Electric (Zhongshan) Power Co., Ltd., with a total installed capacity of approximately 900MW. As of now, the company has provided approximately 67.6 billion kilowatt hours of electricity to Guangdong Province and Shenzhen City, playing a positive role in promoting economic development, alleviating power shortages, and ensuring the safe and stable operation of the power grid. Especially, the Nanshan Thermal Power Plant located in the Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone has made its due contribution to ensuring the safe supply of electricity in Shenzhen. During the period from 2006 to 2010, the company, in conjunction with the national energy industry plan, successively invested in and implemented circular economy projects such as mobile heating, sludge drying, and combined cooling, heating, and power supply. It actively explored the comprehensive utilization of energy, worked hard to improve the efficiency of primary energy utilization, played a good demonstration role, and achieved certain social and economic benefits. In 2007, the National Development and Reform Commission, the Environmental Protection Administration, the Ministry of Science and Technology, the Ministry of Finance, the Ministry of Commerce, and the Bureau of Statistics jointly listed the company as one of the only two pilot units in the national power industry in the second batch of circular economy pilot units. In 2012, the company was awarded "National exemplary organization for Circular Economy Work" by the National Development and Reform Commission, which is one of the only four exemplary organization in Guangdong Province. In order to promote industrial upgrading and achieve sustainable operation, the company's subsidiary Shennan Electric (Zhongshan) Power Co., Ltd. began implementing the transformation of the cogeneration project in 2016. The implementation of this project has significant energy-saving and environmental benefits, which have had a positive impact on improving the company's power generation scheduling ranking, increasing economic benefits, and achieving sustainable development of the enterprise. In 2018, the company actively responded to the call of Shenzhen City and organized its subsidiary Nanshan Thermal Power Plant and wholly-owned subsidiary Shenzhen New Power Industry Co., Ltd. to conscientiously implement and complete the upgrading and renovation of three sets of 9E gas units' low nitrogen burners on schedule, in accordance with the spirit of the "Notice of the Shenzhen Municipal People's Government Office on Issuing the 2018" Shenzhen Blue "Sustainable Action Plan" and other documents, making a positive contribution to improving the air quality of Shenzhen City. In October 2019, the company was awarded the title of "Best Power Plant" in the 2019 gas power plant category group in the latest "Best Power Plant" award released by the global authoritative industry media "PowerMagazine". In August 2017, the company's leadership team underwent significant adjustments. The new leadership team proposed the overall strategic goal of "turning losses and difficulties, transforming development, and deepening reform" and established the "1+5" strategic roadmap. Under the guidance of the "1+5" strategic roadmap, the company implements the "1+1+N" management model every year, where "1" is the annual goal, "1" is the annual business policy, and "N" is a major measure of the year. By clarifying the business goals and policies for each year and taking targeted major measures, the company was able to greatly boost the morale of all employees in a short period of time, creatively making a series of business layout and management changes. Through innovative ideas, in-depth exploration of potential, and resource reduction, the profitability of the main and non electric power businesses was comprehensively improved, overcoming huge difficulties such as continuous electricity price reductions and increasing environmental pressure, A historic breakthrough in operational profitability has been achieved, which has proven the correctness of adhering to the "1+5" strategic roadmap and implementing major deployments such as the annual "1+1+N" management model in practice.Under the guidance of the "1+1+N" management model, the company has developed the "144" project in 2017, the "333" project in 2018, the "444" project in 2019, and the "125" project in 2020 based on the annual business situation and actual needs. It has also established four major operation centers and accounting sharing centers, including the electricity sales center, fuel center, financial center, and information center, This has laid a solid foundation for the company to achieve its "four consecutive earnings" and achieve historic breakthroughs in operational profits in 2017, 2018, and 2019, as well as its good business performance in the first half of 2020. It has successfully achieved the phased goal of "turning losses and overcoming difficulties". While doing a good job in managing existing assets, the company actively and prudently promotes innovation and improvement in management and systems such as "deepening human resource reform", and fully strives to promote the demonstration and implementation of new production capacity and projects, continuously exploring opportunities for transformation and development, and making unremitting efforts to help the company enter a healthy and sustainable development track as soon as possible. |
| Headquarter | Shenzhen |
| Establish Date | 4/6/1990 |
| Listed Code | 000037.SZ |
| Listed Date | 7/1/1994 |
| Chairman | Kong Guoliang. |
| CEO | Chen Yuhui. |
| Website | www.nsrd.com.cn |
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