Financial Performance - The company reported a revenue of RMB 203,905 million for the first half of 2024, an increase of 58.37% compared to RMB 128,750 million in the same period of 2023[2]. - The total profit for the first half of 2024 was RMB 1,386 million, a significant increase of 109.63% from a loss of RMB 14,404 million in the first half of 2023[2]. - Net profit attributable to shareholders was RMB 419 million, recovering from a loss of RMB 14,752 million in the previous year[2]. - The company achieved operating revenue of RMB 203,905 million for the first half of 2024, an increase of RMB 75,155 million, representing a growth of 58.37% year-on-year[12]. - The total profit for the period was RMB 1,386 million, a year-on-year increase of RMB 15,790 million, reflecting a growth of 109.63%[12]. - The main business revenue reached RMB 202,751 million, up RMB 75,205 million, with a growth rate of 58.96% due to the gradual operation of new projects[16]. - The total comprehensive income for the first half of 2024 was RMB 6,315,480.07, compared to a loss of RMB -125,591,018.69 in the same period of 2023, indicating a significant recovery[60]. - Basic and diluted earnings per share for the first half of 2024 were both RMB 0.0238, a notable improvement from a loss of RMB -0.8367 in the first half of 2023[60]. Assets and Liabilities - The total assets as of June 30, 2024, were RMB 918,331 million, up from RMB 884,040 million at the end of 2023[3]. - The total liabilities amounted to RMB 737,771 million, up from RMB 704,112 million at the end of 2023, resulting in a debt-to-asset ratio of 80.34%[21]. - The company's total equity as of June 30, 2024, was RMB 1,805,590,738.80, slightly up from RMB 1,799,275,258.73 at the end of 2023[53]. - Current liabilities totaled RMB 4,862,638,617.32 as of June 30, 2024, compared to RMB 4,584,587,213.88 at the end of 2023, reflecting a rise of 6.1%[50]. - Total liabilities as of June 30, 2024, amounted to RMB 7,377,714,458.36, an increase from RMB 7,041,121,051.56 at the end of 2023[51]. Cash Flow - The company achieved a cash flow from operating activities of RMB 2,085 million in the first half of 2024, slightly down from RMB 2,156 million in the same period of 2023[4]. - Cash generated from operating activities was RMB 2,085 million, slightly down from RMB 2,156 million in the same period last year[23]. - The net cash flow from operating activities was RMB 20.8459 million during the same period[75]. - Cash inflow from operating activities for the first half of 2024 was RMB 1,795,970,995.11, up from RMB 1,459,585,955.35 in the same period of 2023, reflecting a growth of approximately 23%[62]. - Cash inflow from financing activities was RMB 1,735,253,970.89, slightly up from RMB 1,693,824,977.50 in the first half of 2023[65]. Research and Development - Research and development expenses increased to RMB 6,643 million, a rise of RMB 1,881 million, or 39.50%, driven by investments in new photovoltaic glass products[20]. - Research and development expenses for the first half of 2024 were RMB 66,432,483.93, which is a 39.4% increase from RMB 47,621,327.11 in the same period of 2023[54]. - The company is focusing on product innovation, with new products such as 1.6mm ultra-thin and black-coated glass achieving mass sales during the reporting period[9]. Production and Operations - The company has successfully developed a 1.6mm thin photovoltaic glass technology and has achieved mass production capabilities[7]. - The company is enhancing its production capabilities with the completion of five ultra-thin, double-membrane high-transparency photovoltaic glass processing lines in the Xianyang base[9]. - The company aims to reduce production costs through refined operations, strategic procurement, and equipment upgrades[9]. - The company plans to continue promoting lean production management and technological innovation to further reduce product costs[75]. Corporate Governance - The company has maintained compliance with the corporate governance code as per the listing rules during the six-month period ending June 30, 2024[33]. - The company has appointed three independent non-executive directors, exceeding one-third of the board's composition[34]. - The audit committee has reviewed the unaudited interim consolidated financial statements for the six months ending June 30, 2024[35]. Shareholder Information - As of June 30, 2024, China Electronics holds 53,153,400 domestic shares (66.38% of domestic share capital) and 7,553,100 H shares in the company[31]. - The company's registered capital as of June 30, 2024, was RMB 176.32 million, with a total share count of 176,322,070 shares, of which 80,073,400 shares (45.41%) were held by domestic investors and 96,248,670 shares (54.59%) by foreign investors[70]. - The total equity attributable to shareholders as of June 30, 2024, was RMB 1,805.59 million, reflecting a decrease from RMB 1,921.99 million at the end of 2023, indicating a decline of 6.05%[67]. Employment and Workforce - The company has a total of 2,693 employees as of June 30, 2024, including 223 management and administrative personnel, 207 technical staff, and 2,215 production employees[38]. Financial Statements and Auditing - The company's financial statements are unaudited, indicating that the figures may be subject to change upon final audit[68]. - The company appointed a new auditor, Da Xin Certified Public Accountants, for the fiscal year 2024, following the resignation of the previous auditor after five years of service[45]. Market Strategy - The company has a strategic focus on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[68]. - The company anticipates an increase in sales revenue and operating profit due to the commissioning of the Jiangxi photovoltaic project, which will also improve cash flow[75].

Financial Performance - The company's operating revenue for the first half of 2024 reached RMB 2,039,047,469.40, a significant increase of 58.5% compared to RMB 1,287,500,241.21 in the same period of 2023[7]. - The company achieved a net profit attributable to shareholders of RMB 4,192,939.69 in the first half of 2024, a significant improvement from a net loss of RMB 147,523,935.95 in the same period of 2023[9]. - Operating profit for the first half of 2024 was RMB 13,794,104.59, compared to an operating loss of RMB 143,475,222.95 in the first half of 2023[9]. - The total profit for the first half of 2024 was RMB 13,863,700.47, recovering from a total loss of RMB 144,038,000.14 in the previous year[9]. - The total comprehensive income for the first half of 2024 was RMB 6,315,480.07, compared to a total comprehensive loss of RMB 125,591,018.69 in the same period of 2023[13]. - Basic and diluted earnings per share for the first half of 2024 were both RMB 0.0238, recovering from a loss of RMB 0.8367 per share in the previous year[13]. Costs and Expenses - The net profit margin for the first half of 2024 was impacted by increased operating costs, with total operating costs amounting to RMB 1,885,049,802.03, up from RMB 1,260,602,963.38 in the previous year[7]. - Research and development expenses rose to RMB 66,432,483.93 in the first half of 2024, compared to RMB 47,621,327.11 in the same period of 2023, reflecting a focus on innovation[7]. - The company reported a financial expense of RMB 67,592,531.69 for the first half of 2024, which included interest expenses of RMB 80,122,872.89, highlighting the cost of financing[7]. - The interest expenses for the first half of 2024 totaled RMB 80,122,872.89, compared to RMB 45,720,018.36 in the first half of 2023[193]. Assets and Liabilities - The total assets of the company as of June 30, 2024, were RMB 9,183,305,197.16, an increase from RMB 8,840,396,310.29 at the end of 2023[6]. - The company's current assets totaled RMB 3,522,170,641.39 as of June 30, 2024, compared to RMB 3,419,500,911.88 at the end of 2023, indicating a positive liquidity position[2]. - The company's total liabilities as of June 30, 2024, were RMB 7,377,714,458.36, compared to RMB 7,041,121,051.56 at the end of 2023, indicating a rise in financial obligations[5]. - Short-term borrowings increased significantly to RMB 2,101,743,870.91 as of June 30, 2024, up from RMB 1,381,369,888.91 at the end of 2023, suggesting a strategy to leverage financing[4]. - The equity attributable to shareholders increased to RMB 1,805,590,738.80 as of June 30, 2024, from RMB 1,799,275,258.73 at the end of 2023, reflecting a stable equity position[6]. Cash Flow - The company reported a net cash flow from operating activities of RMB 20,845,900 in the first half of 2024[16]. - The company plans to enhance sales revenue and operating profit with the commissioning of the Jiangxi photovoltaic project[16]. Market Strategy and Innovation - The company aims to expand its market presence and enhance product offerings, as indicated by the increase in R&D spending and operational investments[7]. - The company is focusing on cost reduction and efficiency improvement through refined operations, strategic centralized procurement, and production equipment upgrades[199]. - The company is committed to enhancing its core competitiveness by focusing on national strategic emerging industries[200]. - The company is undergoing a comprehensive digital transformation in its photovoltaic glass production to improve market competitiveness[198]. Accounts Receivable Management - The company has implemented strategies to optimize its accounts receivable management, aiming to reduce the aging of receivables and improve cash flow[154]. - As of June 30, 2024, accounts receivable amounted to CNY 828.74 million, an increase from CNY 753.68 million at the end of 2023, indicating a growth of approximately 9.9%[154]. - The company reported a decrease in bad debt provision from ¥7,796,417.93 on December 31, 2023, to ¥6,768,000.14 as of June 30, 2024, indicating a reduction of ¥1,006,117.24[162]. - The overdue accounts receivable amounted to ¥62,570,608.17, while the non-overdue and unimpaired amount was ¥772,934,077.06[164]. Tax and Regulatory Compliance - The company has received high-tech enterprise certification for its subsidiaries, allowing them to benefit from a reduced corporate income tax rate of 15% for three years[149]. - The company is eligible for additional tax deductions on R&D expenses, allowing for a 100% pre-tax deduction for actual R&D costs incurred starting January 1, 2023[149]. - The company applies a corporate income tax rate of 15% for encouraged industries located in the western region, effective from January 1, 2021, to December 31, 2030[147]. Inventory and Production - Inventory is classified into categories such as raw materials, work in progress, and finished goods, with costs including purchase and processing costs[61]. - The company has achieved breakthroughs in the development of 1.6mm ultra-thin photovoltaic glass technology and has established mass production capabilities[198]. - The production lines at the three bases in Hefei, Yan'an, and Shangrao are fully operational, with stable supply of 2.0mm photovoltaic glass products to mainstream component manufacturers[198]. - The company has launched new products such as 1.6mm ultra-thin, colorless double-coated, and black-coated glass, which have entered mass production and sales[199].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the last fiscal year, representing a 15% year-over-year growth[9] - The company achieved a revenue of RMB 314,539 million for the reporting period, representing a year-on-year increase of RMB 67,511 million, or 27.33%[30] - The total profit for the company was RMB -22,559 million, a decrease of RMB 32,638 million compared to the previous year, reflecting a decline of 323.82%[30] - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 1.32 billion[9] User Engagement - User data showed a 20% increase in active users, reaching 5 million by the end of the reporting period[9] Product Development and Innovation - New product launches included two innovative solar panel models, expected to contribute an additional 200 million in revenue[9] - The company is investing 50 million in R&D for new technologies aimed at improving energy efficiency[9] - Future strategies include diversifying product offerings to include energy storage solutions, projected to generate 100 million in new revenue streams[9] Market Expansion - Market expansion plans include entering three new international markets by Q3 2024, targeting an additional 300 million in revenue[9] - The company completed a strategic acquisition of a smaller competitor for 150 million, enhancing its market position[9] - A new partnership with a leading technology firm is expected to drive innovation and increase market share by 5%[9] Cost Management - The company has implemented cost-cutting measures projected to save 30 million annually, improving overall profitability[9] - The company plans to strengthen strategic leadership and accelerate the upgrade of photovoltaic glass products while enhancing cost control[26] - The company aims to leverage opportunities in strategic emerging industries and focus on cost management as a key to market competitiveness[27] Corporate Governance - The company has established a governance structure to ensure adequate checks and balances to protect shareholder interests[111] - The company’s board of directors has complied with the Corporate Governance Code regarding the separation of roles between the chairman and the CEO[111] - The company has confirmed that all directors have fully complied with the standard code for securities trading[113] - The company emphasizes adherence to legal and regulatory corporate governance standards to enhance shareholder value and interests[124] - The board has established an independent assessment mechanism to ensure effective independent judgment and better protection of shareholder rights[136] Shareholder Information - The company has adopted a dividend policy considering various factors, including actual and expected financial performance[31] - The company encourages shareholder participation in annual general meetings, providing at least 20 days' notice for annual meetings and 15 days for extraordinary meetings[138] - The company has maintained over 25% of its issued share capital held by the public[147] Risk Management and Internal Controls - The company has established a risk management and internal control system, which the board believes is effective and sufficient[165] - The internal audit department provides objective opinions on the effectiveness of the risk management system, ensuring all identified issues are resolved[182] - The company conducts annual assessments of its internal control systems through surveys and evaluations, ensuring adequate resources and training for staff[183] Auditor and Financial Reporting - The audit report confirms that the financial statements fairly reflect the financial position and results of operations as of December 31, 2023[48] - The company’s auditor, Lixin CPA, has been retained for the 2023 fiscal year, continuing from the previous three years[114] - The external auditor's fee for the year ending December 31, 2023, was RMB 1.97 million, all for audit services, with no fees for non-audit services[166] - The audit committee is responsible for reviewing the company's financial statements and ensuring the integrity of financial reporting[162] Board Composition and Diversity - As of December 31, 2023, the board consists of 7 members, including 2 executive directors, 2 non-executive directors, and 3 independent non-executive directors, with a gender composition of 5 males and 2 females[130] - The nomination committee has reviewed the board's diversity policy, concluding that the current composition is balanced and suitable for the company's business development[131] - The company has a nomination committee that considers diversity in board member selection, including gender, age, and professional experience[159] Communication and Transparency - The company has committed to improving transparency and investor relations, ensuring effective communication with major shareholders[152] - The company has implemented a communication policy with shareholders, which has been reviewed and deemed effective[152] - The chairman is the primary responsible person for information disclosure, ensuring compliance with relevant laws and regulations[165] Miscellaneous - Yang Hua was appointed as the executive director and chairman of the company on December 29, 2023[20] - The company updated its articles of association and changed its registered address to Xi'an, Shaanxi Province, on December 29, 2023[168] - The company has not purchased, redeemed, or sold any of its shares during the reporting period[35] - The company has not established any long-term incentive plans as of December 31, 2023[58] - The company has no significant investments or capital asset acquisition plans during the reporting period[104] - The company has not engaged in any significant litigation matters during the reporting period[109] - The company has no external guarantees during the reporting period[108] - The company has no major contingent liabilities as of December 31, 2023[110]

Corporate Governance - The company adhered to the corporate governance code, with the roles of Chairman and CEO being separated after April 27, 2023[4]. - The company will continue to comply with the corporate governance code and maintain appropriate checks and balances[4]. - The company appointed a new CEO, Ma Zhibin, effective April 27, 2023, following the resignation of Tong Xiaofei from the CEO position[5]. - On September 12, 2023, shareholders approved the appointment of Ma Zhibin as an executive director[10]. - The board of directors proposed the appointment of Yang Hua as the new Chairman on December 29, 2023, following the resignation of Tong Xiaofei[13]. - The board of directors consists of two executive directors and four independent non-executive directors[16]. - The company has established an audit committee to oversee financial reporting and risk management[7]. - There were no significant acquisitions or disposals involving subsidiaries or associates during the reporting period[8]. - No share buybacks, repurchases, or sales of the company's shares occurred during the reporting period[3]. Financial Performance - Total revenue for 2023 reached RMB 3,145,385,502.34, an increase from RMB 2,470,277,467.65 in 2022, representing a growth of approximately 27.3%[113]. - Total operating costs for 2023 were RMB 3,325,609,151.54, up from RMB 2,387,244,125.55 in 2022, indicating an increase of about 39.4%[113]. - The net loss for 2023 was RMB 230,955,487.80, compared to a net profit of RMB 89,230,506.83 in 2022, reflecting a significant decline in profitability[116]. - The company reported a significant increase in sales expenses, which rose to RMB 8,094,777.95 in 2023 from RMB 4,983,775.93 in 2022, reflecting a growth of approximately 62.4%[114]. - The total comprehensive income attributable to shareholders was RMB -1.23 billion in 2023, a significant decline from RMB 111.34 million in 2022[118]. - Basic and diluted earnings per share for 2023 were both RMB -1.3099, compared to RMB 0.5061 in 2022[118]. - The company recorded other income of RMB 42,191,480.50 in 2023, significantly higher than RMB 15,375,594.85 in 2022, indicating a growth of approximately 174.5%[116]. Assets and Liabilities - Total liabilities as of December 31, 2023, amounted to RMB 7,041,121,051.56, compared to RMB 4,456,277,635.26 in 2022, an increase of about 58.5%[109]. - Non-current liabilities totaled RMB 2,456,533,837.68 as of December 31, 2023, up from RMB 1,073,943,256.57 in 2022, indicating a growth of approximately 128.5%[109]. - Owner's equity decreased to RMB 1,799,275,258.73 in 2023 from RMB 1,921,966,497.30 in 2022, a decline of about 6.4%[111]. - Current liabilities stood at RMB 4.58 billion, while current assets were RMB 3.42 billion, resulting in a net current liability of RMB 1.17 billion as of December 31, 2023[124]. - The total assets as of December 31, 2023, were RMB 8,840,396,310.29, compared to RMB 6,378,244,132.56 in 2022, representing an increase of about 38.5%[111]. Cash Flow and Financing - The company generated a net cash flow from operating activities of RMB 276.96 million in 2023[124]. - The company has received financial support commitments from its controlling shareholder and has substantial unused credit facilities from banks[126]. - The company believes it can secure sufficient operating funds and financing sources to meet its obligations over the next 12 months[126]. - Long-term borrowings due within one year reached ¥386.31 million as of December 31, 2023, up from ¥128.67 million a year earlier, indicating a significant increase of 200.5%[98]. - The total short-term borrowings amount to 1,381,369,888.91, an increase from 790,887,774.74 in the previous year[135]. Research and Development - Research and development expenses increased to RMB 102,927,294.67 in 2023 from RMB 66,866,866.25 in 2022, marking a rise of approximately 54%[114]. - The company’s research and development expenditures include personnel salaries, materials, and related depreciation[148]. Inventory and Assets Management - Inventory is classified into categories such as raw materials, work in progress, and finished goods, with initial measurement based on purchase costs, processing costs, and other expenditures[34]. - The company employs a perpetual inventory system and uses a weighted average method for inventory valuation upon issuance[35][36]. - Inventory impairment is recognized when the cost exceeds the net realizable value, with the net realizable value defined as estimated selling price less estimated costs to complete and sell[38]. - The company confirmed that inventory is valued at estimated selling price less estimated costs to complete and sell, ensuring accurate net realizable value assessments[45]. Credit Risk Management - The company assesses credit risk of financial instruments based on default risk changes from initial recognition to the balance sheet date[18]. - If credit risk has significantly increased since initial recognition, the company measures loss provisions based on expected credit losses over the entire duration of the financial instrument[20]. - For accounts receivable and notes receivable, the company measures loss provisions based on expected credit losses over the entire duration, regardless of significant financing components[21]. - The company estimates expected credit loss ratios based on aging of accounts receivable, with a 0% provision for 0-6 months, 1% for 7-12 months, 30% for 1-2 years, 50% for 2-3 years, and 100% for over 3 years[27]. - The company recognizes loss provisions for individual accounts when there is objective evidence of impairment[22]. Share-Based Payments - The company utilizes equity-settled share-based payments to compensate employees for services rendered, measuring the fair value of the equity instruments granted[187]. - For cash-settled share-based payments, the company measures the fair value of the liabilities based on the equity instruments, recognizing costs or expenses at the grant date[191]. - The company recognizes service costs related to share-based payments based on the best estimate of the number of equity instruments that will vest during the waiting period[188]. Investment Management - The company applies the cost method for long-term equity investments unless the investment meets the criteria for held-for-sale classification[57]. - The company recognizes investment income based on the share of net profit or loss and other comprehensive income from the investee[60]. - The company adjusts the carrying value of long-term equity investments based on the investee's declared dividends or profit distributions[61]. - The company recognizes significant influence over investees when it can participate in financial and operational policy decisions without controlling them[51].

智通财经APP讯，彩虹新能源(00438)发布公告，预期集团于截至2023年12月31日止年度实现营业收入约为人民币31亿元至31.5亿元，与截至2022年12月31日止年度的营业收入约为人民币24.7028亿元相比增加约25%-28%，于截至2023年12月31日止年度归属于母公司股东的净亏损约为人民币2.2亿元至2.45亿元，与对应期间的归属于母公司股东的净利润约为人民币0.8923亿元相比减少约347%-375%。 公告称，集团归属于母公司股东的净利润减少的主要原因如下：(i)公司按照《中国企业会计准则》对部分光伏玻璃产成品计提了资产减值准备;(ii)天然气价格较去年同比大幅上涨使得运营费用有所增加;(iii)于截至2023年12月31日止年度，光伏玻璃行业竞争激烈，受此影响，光伏玻璃产品价格与对应期间相比有所下降。集团将通过加大科技创新、加快产品升级、强化成本管控、持续降本增效等有效举措，进一步增强集团市场竞争能力。 ...

Financial Performance - The company achieved operating revenue of RMB 128,750 million, an increase from RMB 109,536 million in the same period last year, representing a growth of 17.5%[15] - The main business revenue was RMB 127,546 million, up from RMB 107,905 million, reflecting an increase of 18.20% year-on-year[1] - The total loss for the period was RMB 14,404 million, a significant decline compared to a profit of RMB 6,329 million in the first half of 2022, marking a decrease of 327.57%[1] - The net profit for the first half of 2023 was -14,752 million, a significant decline from a net profit of 6,110 million in the first half of 2022[55] - Total comprehensive income for the first half of 2023 was approximately RMB -125.59 million, compared to RMB -14.61 million in the same period of 2022, showing a worsening financial position[128] Expenses and Costs - Management expenses rose to RMB 6,476 million, an increase of 27.43% from RMB 5,082 million in the previous year[2] - Research and development expenses surged to RMB 4,762 million, up 91.79% from RMB 2,483 million in the same period last year[6] - Total operating costs increased to RMB 1,430,519,185.09, up 36.8% from RMB 1,045,856,851.68 year-over-year[162] Assets and Liabilities - The company’s total assets as of June 30, 2023, were RMB 709,329 million, compared to RMB 637,824 million at the end of 2022[21] - The total liabilities increased to RMB 529,692 million from RMB 445,628 million at the end of 2022, with bank loans totaling RMB 298,273 million[21] - As of June 30, 2023, the company's debt-to-asset ratio was 74.68%, up from 69.87% on December 31, 2022[22] - The company’s total equity attributable to shareholders decreased to approximately RMB 1.80 billion as of June 30, 2023, down from RMB 1.92 billion at the end of 2022, reflecting a decline of about 6%[143] Cash Flow - The net cash inflow from operating activities was RMB 21.56 million, down from RMB 34.56 million in the same period of 2022[22] - Cash flow from operating activities for the first half of 2023 was 2,156 million, down from 3,456 million in the first half of 2022[58] - The company reported a cash flow from investing activities of -39,574 million for the first half of 2023, compared to -27,347 million in the first half of 2022[58] - The company reported a net cash flow from investment activities of -395,742,605.05, worsening from -273,466,339.01 in the first half of 2022[173] Market and Strategic Focus - The company is focusing on expanding production capacity and enhancing research and development in the photovoltaic glass sector to meet market demand[13] - The company anticipates a favorable development opportunity in the photovoltaic glass industry in the second half of 2023 due to market recovery[13] - The company expects a stable increase in the photovoltaic glass market in the second half of 2023, with improved pricing outlook[28] - The company is focusing on expanding its market presence and developing new products and technologies to enhance its competitive edge in the renewable energy sector[159] Shareholder and Governance - The company’s major shareholder, China Electric Rainbow, holds 25,214,300 H-shares, representing approximately 26.20% of the issued H-shares[89] - The company’s chairman and general manager roles were separated on April 27, 2023, with Ma Zhibin appointed as the new general manager[93] - There were changes in the board of directors, with the resignation of the previous chairman and the appointment of a new executive director[131][132] Future Plans - The company plans to initiate the proposed initial public offering of A-shares to optimize its capital structure and enhance financing capabilities[76] - The company plans to extend the validity period of its proposed A-share issuance plan for an additional 12 months, as approved by the board of directors[129] - Future outlook includes strategic initiatives aimed at improving operational efficiency and exploring potential mergers and acquisitions to drive growth[159]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 彩 虹 集 團 新 能 源 股 份 有 限 公 司 IRICO GROUP NEW ENERGY COMPANY LIMITED* 2023年 度 中 期 業 績 公 告 彩虹集團新能源股份有限公司（「本公司」）董事會（「董事會」）之全體董事（「董 事」）謹此公佈本公司及其附屬公司（統稱「本集團」）於2023年6月30日及截 至 該 日 止 六 個 月（「報 告 期」）之 未 經 審 核 簡 明 綜 合 中 期 業 績 及 財 務 狀 況 連同比較數字如下。 ...

Occupational Safety and Health - The group reported zero work-related injuries and zero days lost due to accidents during the reporting period[3]. - The group maintained a zero accident rate across all categories for the past three years, adhering strictly to relevant laws and regulations regarding occupational safety[4]. - The group actively organized pandemic prevention efforts, including regular nucleic acid testing and temperature checks for employees[13]. Employee Welfare and Compensation - The group provided supplementary medical insurance for 234 employees amounting to RMB 398,216 and mutual insurance for 268 employees totaling RMB 17,220[14]. - The remuneration policy is performance-linked, ensuring fair and competitive compensation to attract talent and motivate employees[39]. - The total compensation for senior management in 2022 amounted to RMB 3,671,027.75, with performance bonuses contributing significantly to this total[115]. Corporate Governance - The board of directors has reviewed and adopted corporate governance practices in compliance with the Corporate Governance Code[17]. - The group has established a high-quality board and robust internal controls to ensure transparency and integrity in information disclosure[16]. - Independent non-executive directors constitute more than one-third of the board, ensuring compliance with corporate governance regulations[46]. - The company secretary participated in 17.5 hours of training related to corporate governance in 2022[50]. - The board encourages open communication and participation from all directors to enhance governance practices[29]. Board Structure and Meetings - The chairman and CEO roles are held by the same individual, Tong Xiaofei, since November 18, 2021, to enhance operational efficiency[26]. - The company held four board meetings, three written resolutions, two extraordinary general meetings, and one annual general meeting during the reporting period[52]. - The audit committee held two meetings with a 100% attendance rate, discussing the 2021 audit fees and overseeing financial reporting and internal controls[36]. - The nomination committee reviewed the board's structure and diversity, considering factors such as gender, age, and professional experience[32]. - The strategic committee, chaired by Mr. Tong Xiaofei, held one meeting during the reporting period with a 100% attendance rate[62]. Financial Reporting and Audit - The board confirmed its responsibility for preparing financial statements that fairly present the group's financial position, adhering to applicable accounting standards[63]. - The external auditor's fee for the year ended December 31, 2022, was RMB 1.97 million, all for audit services, with no fees for non-audit services[71]. - The company has adhered to the Chinese CPA auditing standards, ensuring that sufficient and appropriate audit evidence was obtained[101]. - The company has implemented internal controls to prevent significant misstatements in financial reporting due to fraud or error[124]. - The company has identified and assessed risks of material misstatement in financial statements due to fraud or error, designing audit procedures accordingly[126]. Risk Management - The company has established a risk management system to identify, assess, and manage significant operational risks, ensuring compliance with prudent and legal requirements[67]. - The board is responsible for the effectiveness of the internal control system, which includes financial, operational, compliance, and risk management monitoring[65]. - The company has conducted regular reviews of its risk management and internal control effectiveness, ensuring adequate resources and training for financial management and compliance[91]. Information Disclosure and Investor Relations - The company has implemented measures to ensure compliance with information disclosure obligations under relevant laws and regulations in both mainland China and Hong Kong[68]. - The company has established an information disclosure system to ensure the authenticity, accuracy, completeness, and timeliness of disclosed information in 2022[92]. - The company is committed to enhancing transparency and promoting investor relations, ensuring effective communication with major shareholders[98]. - The company has maintained ongoing communication with institutional investors and analysts through various meetings and forums to deepen their understanding of the company's management and financial status[98]. - The company has committed to timely announcements of important matters to ensure that investors can access disclosed information fairly[92]. Financial Performance - The company's operating revenue for the year 2022 was RMB 247,028 million, an increase from RMB 206,706 million in 2021, representing a growth of approximately 19.5%[149]. - The gross profit from main business activities was RMB 33,389 million, down from RMB 43,673 million in the previous year, indicating a decline of about 23.5%[149]. - The total profit for the year was RMB 10,079 million, compared to RMB 18,771 million in 2021, reflecting a decrease of approximately 46.3%[149]. - Net profit attributable to shareholders of the parent company was RMB 8,923 million, down from RMB 16,443 million in the previous year, a decline of about 45.8%[149]. Business Development and Strategy - The company achieved a significant increase in photovoltaic glass shipment volume, which grew by approximately 51% year-on-year[162]. - The company has invested in the construction of ten ultra-thin high-transparency photovoltaic glass kilns and supporting deep processing production lines, with the first kiln successfully ignited during the reporting period[164]. - The company plans to accelerate the construction of additional kilns and production lines to enhance production capacity and efficiency[164]. - The company is focusing on research and development to optimize product structure and expand supply and sales scale[162]. - The company plans to continue expanding its market share and strengthen customer loyalty in response to the growing demand for photovoltaic installations and favorable national policies[197]. Supply Chain and Customer Relations - The largest supplier accounted for 15% of total procurement, while the top five suppliers together accounted for 39%[144]. - The largest customer represented 14% of total sales, with the top five customers accounting for 48% of total sales[144]. Asset Management - The company's asset-liability ratio increased to 69.87% as of December 31, 2022, up from 62.68% a year earlier[169]. - Current assets rose to RMB 270,638 million, compared to RMB 217,443 million in 2021, while non-current assets increased to RMB 367,186 million from RMB 294,583 million[168]. - The company’s inventory turnover period increased to 52 days, up from 47 days in the previous year, primarily due to increased finished goods inventory at year-end[189]. - The company’s receivables collection period increased to 71 days from 54 days in the previous year, indicating a need for improved cash flow management[169].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 彩 虹 集 團 新 能 源 股 份 有 限 公 司 IRICO GROUP NEW ENERGY COMPANY LIMITED* 2022年 度 業 績 公 告 彩虹集團新能源股份有限公司（「本公司」）董事會（「董事會」）之全體董事（「董 事」）謹 此 公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2022年12月31日 止 年 度（「報 告 期」）的 經 審 核 綜 合 業 績。本 公 告 中 有 關 本 集 團 截 至2022年 12月31日 止 年 度 的 合 併 資 產 負 債 表、合 併 利 潤 表 及 簡 明 綜 合 財 務 報 表 附 註 所 列 載 的 數 字，與 本 集 團 該 年 度 經 審 核 綜 合 財 務 報 表 所 列 載 的 數 額符合一致。 ...

Financial Performance - For the first half of 2022, the company reported operating revenue of RMB 109,536 million, a decrease of 6.5% compared to RMB 117,663 million in the same period of 2021[5] - The gross profit from main business activities was RMB 16,194 million, down 54.5% from RMB 35,593 million in the previous year[5] - The total profit for the period was RMB 6,329 million, a decline of 71.7% from RMB 22,389 million in the first half of 2021[5] - Net profit attributable to shareholders was RMB 6,110 million, down 71.6% from RMB 21,510 million in the same period last year[5] - The company achieved a revenue of RMB 109,536 million during the reporting period, a decrease of RMB 8,126 million or 6.91% year-on-year[17] - The total profit for the period was RMB 6,329 million, down RMB 16,059 million or 71.73% compared to the previous year[17] - The main business revenue was RMB 107,905 million, reflecting a year-on-year decrease of RMB 8,836 million or 7.57%, primarily due to a significant drop in photovoltaic glass prices[24] - Operating profit decreased significantly to RMB 63,372,418.28, down 71.8% from RMB 225,222,278.26 year-on-year[82] - Net profit for the period was RMB 63,293,896.28, a decline of 71.7% compared to RMB 223,886,170.89 in the same period last year[82] - The total comprehensive income for the first half of 2022 was RMB -14,604,434.88, down from RMB 312,384,564.64 in the previous year[85] - Basic and diluted earnings per share for the first half of 2022 were both RMB 0.4588, a decline of 71.6% from RMB 1.6150 in the same period last year[85] Assets and Liabilities - The company's total assets increased to RMB 587,089 million as of June 30, 2022, compared to RMB 512,913 million at the end of 2021[7] - The debt-to-asset ratio rose to 67.55% from 62.57% at the end of 2021, indicating increased leverage[8] - As of June 30, 2022, the total liabilities of the group as of June 30, 2022, were RMB 3,965.80 million, up from RMB 3,209.43 million as of December 31, 2021, resulting in a debt-to-asset ratio of 67.55%[30] - Total liabilities reached RMB 3,379,145,447.88, compared to RMB 2,660,138,522.54, showing an increase of approximately 27%[75] - The company's total equity decreased to RMB 1,905,093,361.15, down 0.75% from RMB 1,919,697,796.03 at the end of the previous year[78] Cash Flow - The net cash flow from operating activities was RMB 3,456 million, a significant improvement from a negative RMB 32,026 million in the first half of 2021[8] - The net cash flow from operating activities was RMB 34,561,618.40, a significant improvement from a net outflow of RMB -320,261,907.15 in the previous year[88] - Cash inflows from operating activities totaled RMB 1,105,971,506.30, an increase of 60.7% compared to RMB 687,561,296.26 in the previous year[86] - Cash outflows from operating activities amounted to RMB 1,071,409,887.90, compared to RMB 1,007,823,203.41 in the same period last year[88] - Cash flow from investing activities showed a net outflow of RMB -273,466,339.01, compared to a net inflow of RMB 83,533,359.48 in the same period last year[90] - Cash inflows from financing activities totaled RMB 1,491,217,608.77, an increase from RMB 906,796,761.81 in the previous year[92] Operational Strategy - The company focused on enhancing production scale and optimizing product structure in response to market fluctuations, leading to an increase in solar photovoltaic glass sales volume[11] - The company anticipates that the trend towards thinner and larger photovoltaic glass products will continue, presenting further opportunities for growth[10] - The company is actively expanding its photovoltaic glass business in response to the national "dual carbon" strategy, with ongoing projects in various locations[13] - The company has a robust order backlog and is implementing a marketing strategy focused on large and quality customers[16] - Future plans include accelerating the operation of new photovoltaic glass projects to enhance core competitiveness and build a leading new energy materials platform[16] - The company has plans for market expansion and new product development, focusing on enhancing its renewable energy offerings[68] - The company is actively pursuing strategic acquisitions to bolster its market position and technological capabilities[68] - Future guidance indicates a positive outlook for revenue growth driven by increased demand in the renewable energy sector[68] Governance and Compliance - The company has maintained compliance with the Corporate Governance Code, with the exception of the chairman also serving as the CEO since November 18, 2021[49] - The company has confirmed that there were no violations of the securities trading code by any directors or supervisors during the reporting period[50] - The public float of the company has consistently met the minimum requirements set out in the listing rules[55] - The company has appointed three independent non-executive directors, exceeding the requirement of one-third of the board members[47] - The board of directors has undergone changes, with the appointment of Su Kun as an independent non-executive director on April 28, 2022[57] Research and Development - Research and development expenses were RMB 2,483 million, down RMB 318 million or 11.35% year-on-year[29] - Research and development expenses were RMB 24,830,523.12, a decrease of 11.5% compared to RMB 28,008,435.39 in the same period last year[80] Inventory and Receivables - The average collection period for receivables increased to 77 days from 47 days in the previous year, indicating potential liquidity challenges[8] - The accounts receivable turnover days increased by 30 days to 77 days, primarily due to a revenue increase of RMB 155.57 million in Q2 2022[32] - The inventory turnover days remained stable at 45 days, with a slight increase of 1 day year-on-year[32] Capital Structure - The company’s registered capital increased to ¥3.53 billion, with a total of 3,526,441,400 shares outstanding, of which 1,601,468,000 shares are domestic shares, accounting for 45.41%[109] - The company raised approximately ¥1.45 billion through the issuance of H-shares, with the funds converted to approximately ¥1.29 billion in RMB[109] Financial Reporting and Accounting - The financial report is prepared in accordance with the accounting standards issued by the Ministry of Finance and complies with the applicable disclosure requirements of the Hong Kong Stock Exchange[116] - The financial statements are based on the assumption of going concern[117] - The company has established specific accounting policies and estimates based on its actual production and operational characteristics[118] - The company’s consolidated financial statements reflect the overall financial position, operating results, and cash flows of the entire corporate group[126] - Internal transactions between the company and its subsidiaries are offset in the consolidated financial statements, and any impairment losses are fully recognized[126]