Concord New Energy : 2022 Interim Report Summary

Concord New Energy Group Ltd.(0182.hk)

• An Experienced Wind & Solar Developer and Operator

2022

Interim

Results Presentation

2022年8月1日

1stAug. 2022

2022 Interim 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 Interim Results Presentation
1H2022 Financial Summary
			Unit: Million RMB
		As of 30thJun. 2022	As of 31stDec.2021	Change
	Total Assets	26,820.00	24,044.82	+11.54%
	Net Assets	7,832.87	7,562.89	+3.57%
	Cash and Cash Equivalents	4,353.91	4,151.44	+4.88%
Key Financial Data
	As of 30thJun. 2022	As of 30thJun. 2021	Change
	Revenue	1,339.18	973.01	+37.63%
	Profit Attributable to	443.18	404.34	+9.61%
	Owners of the Company
	Fully Diluted EPS	4.99 cents	4.87 cents	+2.46%
	Power Generation1	1,044.20	868.10	+20.29%
Segment Revenue	O&M	115.72	92.06	+25.70%
	Others	179.26	12.86	+1293.93%
	Power Generation	704.02	657.33	+7.10%
Segment Results2
O&M	16.25	2.68	506.34%
	Others	4.1	(37.05)	-

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	3
	profits of joint ventures.

2022 Interim Results Presentation

Profitability Continued to Grow, Profit Increased Significantly

			Revenue（Million RMB）	Power Generation Profits	Profit Attributable to Owners of the
1,600											(Million RMB)			Company (Million RMB)
					1,339.18		560			548.95		460		443.18
1,400							550
									531.16				440
1,200			999.54	973.01		540
		530											420		404.34
1,000						37.63%＊	520									3.35%＊			9.61%＊
800						510			486.54				400
600								500										379.39
							490											380
400								480
							470											360
200
							460
-								450											340
		1H2020 1H2021 1H2022				1H2020 1H2021 1H2022			1H2020 1H2021 1H2022
	＊Change% between 1H2022 & 1H2021				＊Change% between 1H2022 & 1H2021			＊Change% between 1H2022 & 1H2021

Return on Equity（%）

8.00
7.00	6.16	6.33	6.11
6.00
5.00
4.00			➖0.22 ppts＊
3.00
2.00
1.00
-	1H2020 1H2021 1H2022

• Change% between 1H2022 & 1H2021
• ppts for percentage point

Cash and Bank Balances

(Million RMB)

5,000			4,353.91
4,500	4,151.44
4,000
3,500
3,000			4.88%＊
2,500	1,777.06
2,000
1,500
1,000
500
-	1H2021	2021	1H2022
	＊Change% between 1H2022 & 2021

Assets Liability Ratio＊（%）

80
75			70.79
		68.55
70	66.61
65			+2.24 ppts＊
60
55
50	1H2021	2021	1H2022
＊Assets Liability Ratio=Total Liability/Total Assets
＊Change% between 1H2022 & 2021	4

2022 Interim Results Presentation

Continuously Optimizing theAsset Quality, Steady Growth inAttributable Capacity

• In 1H2022, the total newly commissioned capacity was 160MW, including 2 wind projects (90 MW) and 1 PV project (70 MW).
• Actively optimize the asset quality, 144MW projects signed the share transfer agreement.
• The company will optimize the asset quality and ensure the efficiency of operational projects through successive asset replacement.

	1H2022	1H2021
Newly added Attributable Installed Capacity	160 MW	89.5 MW
Sold Attributable Installed capacity	0 MW	96.5 MW
Operational Attributable Installed Capacity	2,875 MW	2,406 MW
Subsidiary-owned Wind Plants	1,801 MW	1,592 MW
Associates and JV Wind Plants	624 MW	624 MW
Subsidiary-owned PV Plants	444 MW	183 MW
Associates and JV PV Plants	7 MW	7 MW

Remark: the company's Subsidiary-ownedgrid parity capacity is 1,260MW, consisting of wind power 932MW, PV power 329MW.

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