CONCORD NEW ENERGY GROUP LIMITED Concord New Energy Group Ltd. (0182.HK)
-- An Experienced Wind & Solar Developer and Operator
2022 Annual Results Presentation
2022年8月1日
28th Feb. 2023
2022 Annual Results Presentation
Disclaimer
- This document has been prepared for general information purposes only and is not, and should be not construed as, an offer for sell or a solicitation of an offer to buy any securities
- Information and opinions contained herein have been compiled in good faith by Concord New Energy Group Limited from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness
- All opinions and estimates contained in this document are provided in good faith but without legal responsibility and are subject to change without notice
- Neither Concord New Energy Group Limited and/or any of its subsidiaries or affiliates, nor any of its or their officers, employees or representatives, accepts any responsibility or liability whatsoever from any actions or claims arising from any use or interpretation of the information contained herein
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2022 Annual Results Presentation | |||||||||
2022 Financial Summary | Unit: Million RMB | ||||||||
As of 31st Dec 2022 | As of 31st Dec 2021 | Change | |||||||
Total Assets | 27,172.52 | 24,044.82 | +13.01% | ||||||
Net Assets | 8,094.89 | 7,562.89 | +7.03% | ||||||
Cash and Cash Equivalents | 4,049.28 | 4,151.44 | -2.46% | ||||||
Key Financial Data | |||||||||
As of 31 | st | Dec 2022 | As of 31 | st | Dec 2021 | Change | |||
Revenue | 2,679.37 | 2,195.54 | +22.04% | ||||||
Profit Attributable to | 871.82 | 787.53 | +10.70% | ||||||
Owners of the Company | |||||||||
Fully Diluted EPS | 9.86 cents | 9.39 cents | +5.01% | ||||||
Power Generation1 | 2,114.11 | 1,748.84 | +20.89% | ||||||
Segment Revenue | O&M | 279.09 | 244.83 | +13.99% | |||||
Others | 286.17 | 201.86 | +41.77% | ||||||
Power Generation | 1,287.12 | 1,109.18 | +16.04% | ||||||
Segment Results2 | O&M | 37.36 | 26.69 | +39.98% | |||||
Others | 12.51 | 5.00 | +150.20% | ||||||
1. | Power generation revenue from consolidated power plants | |
2. | The Segment Results are the earnings before interest and tax and disposal gain. The Power Generation includes the power generation, URP release, deferred tax contribution and shared profits of joint ventures. | 3 |
Profitability Significantly Enhanced, Financial Indicators Continuously Improved
2022 Annual Results Presentation
2,800
2,600
2,400
Revenue（Million RMB）
2,679.37 | 1,050 |
950 |
Power Generation Profits
(Million RMB)
987.99
917.37
Return on Equity（%）
15 | ||
10.98 | 11.39 | 11.44 |
10 | + | |
2,200
2,000
1,800
2,195.54 | 22.04%＊ |
850 | |
2,000.75 | |
750 |
863.61
7.70%＊
0.05 pcts＊ |
5 |
-
2020 | 2021 | 2022 |
2020 2021 2022
2020 2021 2022
＊ Change% between 2022 & 2021 | ＊ Change% between 2022 & 2021 |
- Change between 2022 & 2021
Profit Attributable to Owners of
the Company (Million RMB)
900 | 871.82 | 4,500 | ||||||||
800 | 787.53 | |||||||||
700 | 673.41 | 10.70%＊ | 3,000 | |||||||
600 | 1,500 | |||||||||
2020 | 2021 | 2022 | ||||||||
- Change% between 2022 & 2021
Cash and Cash Equivalents
(Million RMB)
4,151.444,049.28 | 3,000 | ||||
2,500 | |||||
2,000 | |||||
2,608.07 | -2.46%＊ | ||||
1,500 | |||||
1,000 | |||||
2020 | 2021 | 2022 | 500 | ||
- Change% between 2022 & 2021
Operating Cash Flow
（Million RMB）
2,400.05 | |||
1,303.40 | 84.14%＊ | ||
965.16 | |||
2020 | 2021 | 2022 | |
＊ Change% between 2022 & 2021 | 4 |
2022 Annual Results Presentation
Newly Installed Capacity Reached a New High, Rapid Growth inAttributable Capacity
- In 2022, the total newly added capacity was 1,111MW (attributable capacity 1,062), including 9 wind projects (attributable capacity 992MW) and 1 PV project (attributable capacity 70MW)
- Meanwhile, the company actively optimized the assets quality by selling projects with subsidy of total 189MW attributable capacity
Attributable Capacity | ||
During 2022: Newly added Attributable Installed Capacity | 1,062 MW | |
Sold Attributable | Installed capacity | 189 MW |
Net added Attributable | Installed capacity | 873 MW |
As of 31st Dec 2022 : Operational Attributable Installed Capacity | 3,588 MW | |
Subsidiary -owned Wind Plants | 2,469 MW | |
Associates and JV Wind Plants | 668 MW | |
Subsidiary -owned PV Plants | 444 MW | |
Associates and JV PV Plants | 7 MW |
Remark: The company's subsidiary-ownedsubsidy-free capacity is 2,161MW, consisting of wind power 1,833MW, PV power 328MW.
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Concord New Energy Group Ltd. published this content on 28 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2023 08:24:03 UTC.
