協鑫新能源控股有限公司 2023 中期報告 9 其他非控股權益應佔溢利 中期股息 物業、廠房及設備 本公司官方網址╱微信平台鏈接 網址：www.gclnewenergy.com/ 微信賬號：gclnewenergy 70 協鑫新能源控股有限公司 2023 中期報告 辭 彙 | --- | --- | --- | |-------------------------------------------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 「聯屬公司」 | 指 | 本公司控股股東或控股股東的附屬公司或聯營公司（定義見購股權計 | | 「聯繫人」、「關連人士」、 | 指 | 劃） 具有上市規則賦予該詞之涵義 | | 「控股股東」及「主要股東」 「審核委員會」 ...

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。 GCL New Energy Holdings Limited 協 鑫 新 能 源 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：451） 截至二零二三年六月三十日止六個月 之中期業績公告 GCL New Energy Holdings Limited協鑫新能源控股有限公司（「本公司」或「協鑫新能源」）董 事（「董事」）會（「董事會」）報告本公司及其附屬公司（統稱「本集團」或「協鑫新能源」）截至 二零二三年六月三十日止六個月之未經審核簡明中期綜合財務資料（「中期財務資料」）。 財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 人民幣百萬元 人民幣百萬元 （未經審核） （未經審核） ...

Financial Performance - The company reported a loss attributable to owners of RMB 1,493 million for the year ended December 31, 2022, compared to a loss of RMB 790 million in the previous year, indicating a significant increase in losses [3]. - The company recorded a loss of RMB 48 million from the sale of subsidiaries in the year ended December 31, 2022, compared to a gain of RMB 85 million in the previous year [3]. - Net loss for the year ended December 31, 2022, was RMB 105 million, compared to a net gain of RMB 141 million in 2021, primarily due to foreign exchange losses of RMB 239 million from USD-denominated debt [142]. - The actual net loss for the fiscal year 2022 was RMB 1.288 billion, slightly lower than the previously expected loss of at least RMB 1.3 billion [163]. - The gross profit decreased from RMB 1,779 million to RMB 451 million for the year ended December 31, 2022, reflecting the decline in business scale [191]. - Total revenue for the group was RMB 929 million, a decrease from RMB 2,844.9 million in the previous year [169]. - The group’s gross profit margin for the year was 48.6%, a significant decrease from 62.5% in the previous year [171]. - The total revenue from subsidiary power station electricity sales was RMB 796 million, after accounting for the impact of discounted price subsidies [169]. - The group recorded a foreign exchange loss of RMB 239 million for the year ended December 31, 2022, compared to a foreign exchange gain of RMB 54 million in 2021, mainly due to the appreciation of RMB against USD [191]. Operational Highlights - The company sold a 100% stake in a solar power station with a capacity of 60 MW for RMB 144 million in the first quarter of 2022 [4]. - The company sold approximately 6 GW of photovoltaic power stations from 2018 to 2022, generating net cash proceeds exceeding RMB 17 billion, with over RMB 15 billion already received [148]. - The grid-connected capacity of the company's subsidiary power stations was approximately 840 MW as of December 31, 2022, down from 996 MW a year earlier [166]. - The total installed capacity of the group’s photovoltaic power stations was approximately 840 MW, with a grid-connected capacity of 706 MW [167]. - The group provided operation and maintenance services for photovoltaic power stations with a total installed capacity of approximately 3,669 MW [171]. - The group experienced a reduction in grid-connected capacity from 1.0 GW at the end of 2021 to 0.84 GW at the end of 2022 [170]. Cost Management - Administrative expenses decreased by 17.9% to RMB 572 million, primarily due to reduced employee costs and depreciation related to sold solar power stations [3]. - The total employee cost for the year was approximately RMB 282 million, down from RMB 331 million in the previous year, reflecting a reduction in workforce from 896 to 792 employees [10]. - Financing costs decreased by RMB 1,007 million, attributed to the reduction in business scale and debt repayment [191]. Strategic Focus - The company is focusing on a dual main business strategy of "photovoltaics + natural gas" to capitalize on the growing demand for natural gas [2]. - The company anticipates domestic natural gas consumption to reach 430-450 billion cubic meters by 2025, while aiming for an annual production of over 250 billion cubic meters [1]. - The company aims to capitalize on the future development of clean energy, particularly focusing on natural gas as a clean and low-carbon fossil energy source [188]. - The EU's REPower EU plan, initiated in May 2022, emphasizes the acceleration of renewable energy development, highlighting the importance of liquefied natural gas as a clean alternative energy source [189]. Corporate Governance - The board consists of members with diverse skills and experiences, including three female directors, enhancing gender diversity [22]. - The board is responsible for managing the overall business and ensuring the implementation of strategic plans to enhance shareholder value [23]. - The company has established a whistleblowing policy to allow direct reporting to the audit committee, which regularly reviews related policies and systems [36]. - The remuneration committee has referenced the company's performance and guidelines from the Hong Kong Institute of Directors in determining executive director compensation [39]. - The nomination committee is responsible for identifying qualified candidates for board membership and reviewing the progress of nomination policies [42]. - The company has been continuously improving corporate governance infrastructure across various business units during the reporting period [30]. - The company is committed to maintaining a diverse board structure and has been reviewing its composition and diversity policies [74]. - The company will disclose its board diversity policy annually in the corporate governance report, considering various diversity criteria [45]. - The independent non-executive directors have confirmed their independence in accordance with listing rules, ensuring they are free from any relationships that could impair their judgment [59]. Risk Management - The company has been reviewing its risk management processes to better identify, assess, and manage significant risks, including environmental, social, and governance risks [31]. - The company has established a risk management system to evaluate the nature and extent of risks associated with achieving strategic objectives [114]. - The risk management and internal control systems are deemed fundamentally effective, with no significant adverse impacts on the company's financial condition or operating performance identified [65]. - The audit committee has been reviewing the effectiveness of the internal control systems and has implemented necessary procedures to safeguard shareholder interests [61]. - The company has a commitment to continuous monitoring of key risk indicators, including asset-liability ratios and solvency [65]. Shareholder Engagement - The company emphasizes regular and transparent communication with stakeholders to build trust and achieve long-term success [94]. - The company did not declare a final dividend for the reporting period [97]. - The company reviewed and approved the remuneration for the auditor for the fiscal year 2022 [112]. Stock Options - The company has implemented a stock option plan to incentivize selected participants and enhance their performance and efficiency [72]. - The company has not exercised any stock options granted on February 26, 2021, as of December 31, 2022 [195]. - The stock options plan indicates that the exercise price must not be lower than the highest of the closing price on the grant date, the average closing price over the five trading days preceding the grant date, or the par value of the shares [197].

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，概不就因本公告全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 GCL New Energy Holdings Limited 協 鑫 新 能 源 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：451） 截至二零二二年十二月三十一日止年度 之期末業績初步公告 財務摘要 二零二二年 二零二一年 人民幣百萬元 人民幣百萬元 收入 929 2,845 本公司擁有人應佔虧損 (1,493) (790) 人民幣分 人民幣分 ...

Financial Performance - GCL New Energy reported a total revenue of RMB 1,943 million for the first half of 2022, reflecting a 51% increase compared to the same period in 2021[7]. - Total revenue for the group was RMB 558 million, a significant decrease from RMB 1,942 million in the previous year[30]. - Revenue for the six months ended June 30, 2022, was RMB 558,036 thousand, a decrease of 71.3% from RMB 1,942,650 thousand in the same period of 2021[138]. - Gross profit for the same period was RMB 254,697 thousand, down 79.6% from RMB 1,250,448 thousand year-on-year[138]. - The company reported a loss of RMB 410,401 thousand for the six months ended June 30, 2022, compared to a profit of RMB 177,935 thousand in the prior year[138]. - Power sales volume and revenue decreased by 76% and 78% respectively, leading to a gross profit reduction from RMB 1,250 million to RMB 255 million[23]. - The company recorded a foreign exchange loss of RMB 144 million for the six months ended June 30, 2022, compared to a foreign exchange gain of RMB 23 million in the same period last year[23]. - The company reported a net loss attributable to equity holders of the company was RMB 513,772 thousand, compared to a profit of RMB 52,826 thousand in the previous year[138]. - The basic and diluted loss per share was RMB (2.44), compared to earnings of RMB 0.26 per share in the same period last year[138]. Debt Management and Financial Position - The company successfully transformed into a light-asset model, reducing the total debt-to-asset ratio to a more stable level, which improved cash flow balance and opened opportunities for new ventures[10]. - GCL New Energy completed a repurchase of approximately USD 76.9 million, equivalent to 15.03% of the outstanding principal of existing notes, improving its debt management[10]. - Total borrowings decreased from RMB 18,101 million to RMB 5,540 million, a reduction of 66%, while the average borrowing cost increased from approximately 7.4% to 8.5%[39]. - Net debt decreased from RMB 6,037 million as of December 31, 2021, to RMB 4,927 million as of June 30, 2022, resulting in a net debt to total equity ratio of 75%[55]. - The company aims to maintain a reasonable debt ratio and ensure stable cash flow while pursuing opportunities in the clean energy sector[20]. Operational Developments - GCL New Energy has developed over 7 GW of photovoltaic power stations, leveraging its experience in development, construction, and operation management[11]. - The company provides operation and maintenance management services for over 3.4 GW of energy projects, covering 106 photovoltaic power stations across the country[13]. - The company established a hydrogen energy division in July 2021 and is actively researching competitive natural gas sources to support its hydrogen business development[14]. - The company signed a memorandum of understanding with Poly GCL Natural Gas Group to invest in the Ethiopia-Djibouti natural gas project, which has a resource capacity of 5 trillion cubic meters of natural gas and 4 billion tons of crude oil[15]. - The company aims to enhance its intelligent operation and maintenance management capabilities through continuous R&D investment and technology iteration[13]. Market and Strategic Initiatives - GCL New Energy is actively pursuing the development of distributed energy projects in zero-carbon industrial parks, aiming to provide comprehensive solutions for net-zero emissions[11]. - The company anticipates further development momentum in the second half of 2022, driven by strategic adjustments in its clean energy business[9]. - The company plans to invest approximately 90% of the net proceeds from a share placement of 2,275 million shares, raising about HKD 310 million, into natural gas and LNG-related projects and R&D[19]. - The company plans to continue its market expansion and product development strategies, although specific figures were not disclosed in the provided content[146]. Governance and Management - The board of directors consists of 11 members, including 4 independent non-executive directors, enhancing independent judgment[78]. - The company emphasizes the importance of high-level corporate governance for sustainable development and shareholder value creation[115]. - The company has complied with the corporate governance code, except for the separation of roles between the Chairman and CEO, which was rectified on September 9, 2022[116]. - The company has appointed new independent non-executive directors and members of various committees effective September 9, 2022[81]. - The Audit Committee reviewed the accounting principles and internal controls adopted by the Group during the reporting period[82]. Employee and Operational Efficiency - The company has approximately 874 employees as of June 30, 2022, down from 896 employees at the end of 2021[76]. - The total employee cost was approximately RMB 125 million, a decrease from RMB 148 million in the same period of the previous year[76]. - Employee costs, including salaries and other benefits, amounted to RMB 97,922,000 for the six months ended June 30, 2022, down 21.2% from RMB 124,058,000 in the same period of 2021[193]. Risks and Challenges - The company faces significant risks from government policy changes affecting the photovoltaic energy industry[69]. - The company is focused on reducing development costs through technological advancements to mitigate risks associated with electricity price fluctuations[72]. - The company has not hedged against foreign exchange risks, which may impact its financial performance due to currency fluctuations[74]. Cash Flow and Liquidity - The company’s cash flow statement for the six months ended June 30, 2022, is yet to be detailed in the provided documents[148]. - The net cash generated from operating activities for the six months ended June 30, 2022, was RMB 1,722,496,000, an increase from RMB 1,464,644,000 in the same period of 2021, representing a growth of approximately 17.6%[150]. - The company reported a net cash outflow from financing activities of RMB 1,921,842,000 for the six months ended June 30, 2022, compared to a net cash outflow of RMB 6,858,933,000 in the same period of 2021[150]. - Cash and cash equivalents decreased by RMB 155,090,000 for the six months ended June 30, 2022, compared to a decrease of RMB 354,220,000 in the same period of 2021[153].

协鑫新能源 GCL New Energy Holdings Limited 協鑫新能源控股有限公司 (於百慕達註冊成立之有限公司）（股份代號 : 451) 2021 年 報 把 綠色 能源 帶進生活 關於協鑫新能源 • 協鑫新能源(0451.HK)為國內知名民營光伏發電企業，於二零二一年五月二十七日被納入MSCI中國小 型指數，獲得國際資本市場進一步認可。協鑫新能源發展光伏發電業務至今，已蛻變成為一家具備 強大開發、科研能力及智慧運營管理技術的光伏發電企業，助力構建以新能源為主體的新型電力系統， 並於二零二零年初成為全國首個「5A」級認證運維服務單位，管理服務輸出模式日臻成熟。 • 協鑫新能源於二零二一年成功落實輕資產戰略轉型，在更穩健的財務和運營平台上，除了專注光伏 發電業務外，將進軍氫能產業，全力拓展在氫能領域的發展，實現「把綠色能源帶進生活」的公司願景， 力爭抓緊「雙碳」目標下能源轉型所帶來的重大發展機遇。 本年報載有前瞻性陳述，涉及本集團的預測業務計劃、業務展望及前景、財務預測及發展策略。該等前瞻 性陳述是根據其營運的行業及市場目前的信念、預測、假設及前提，當中有些涉及主觀因素或不受我們控 制。該等前 ...

U ( 协鑫新能源 GCL New Energy Holdings Limited 協鑫新能源控股有限公司 (於百慕達註冊成立之有限公司）（股份代號 : 451) XX 2021 æ綠色能源 中期報告 帶進生活 HB !!!! H2 關於協鑫新能源 關於協鑫新能源 • 國內知名民營光伏發電企業，全球領先的多晶硅生產商及硅片供應商 — 保利協鑫(3800.HK)之附屬 公司 • 成功落實輕資產戰略轉型，積極研究在現有光伏發電的業務平台上，發展其他清潔能源業務。於二 零二一年七月二十八日公佈已成立氫能事業部（「氫能事業部」），研究以「藍綠同行」的方式，進軍氫 能（「氫能」）產業 • 於二零二一年五月二十七日被納入MSCI中國小型股指數，獲得國際資本市場認可 • 引領光伏電站智能運營的發展方向，成功獲評全國首家「5A級光伏電站運維服務單位」榮譽稱號 本中期報告載有前瞻性陳述，涉及本集團的預測業務計劃、前景、財務預測及發展策略。該等前瞻性陳 述是根據其營運的行業及市場目前的信念、預測、假設及前提，當中有些涉及主觀因素或不受我們控 制。該等前瞻性陳述涉及許多風險及不明朗因素及可能不會在將來實現。鑑於風險及不明朗因素，本 ...

协鑫新能源 GCL New Energy Holdings Limited 協鑫新能源控股有限公司 （於百慕達註冊成立之有限公司）（股份代號：451） . "綠色能源 帶進生活 2050 年報 關於協鑫新能源 大 年 上 比 」Fonts Size 版 文 中 「 年 今 0.5pt協鑫新能源控股有限公司是專注於光伏發電的新能源企業，全球領先的多晶矽生產商及矽片 供應商—保利協鑫能源控股有限公司（3800.HK）持有其53.3%股權。 協鑫新能源發展光伏發電至今，已蛻變成為一家具備強大開發、科研能力及智慧運營的光伏 發電企業，助力構建以新能源為主體的新型電力系統。自二零一八年起，協鑫新能源積極推 進輕資產戰略轉型，力爭抓緊國內能源轉型所帶來的重大發展機遇，擔當「把綠色能源帶進 生活」的實踐者與推動者。 截至二零二零年十二月三十一日，協鑫新能源於中國24個省份運營157個附屬光伏發電站， 加上於美國的兩個光伏電站，總裝機容量約5.0吉瓦。協鑫新能源不斷精進光伏電站運維管理 技術，二零二零年初成為全國首個「5A」級認證運維服務單位，管理服務輸出模式日臻成熟。 本年報載有前瞻性陳述，涉及本集團的預測業務計劃、業務展 ...

协鑫新能源 GCL New Energy Holdings Limited 協鑫新能源控股有限公司 (於百慕達註冊成立之有限公司）（股份代號 : 451) re 綠色能源 帶進生活 2020 中期報告 關於協鑫新能源 • 知名中國民營光伏發電企業，截至二零二零年六月三十日，於中國25個省份擁有及運營208個光伏發 電站，加上於美國的光伏發電站，總裝機容量約7.0吉瓦（附屬電站約5.6吉瓦；合營及聯營電站約1.4吉 瓦） • 被列入深港通可買賣港股名單及恒生港股通指數，獲國內投資市場認可 • 獲保利協鑫（3800.HK）持有62.3%股權，其為全球領先的多晶硅生產商及全球最大的硅片供應商 本中期報告載有前瞻性陳述，涉及本集團的預測業務計劃、前景、財務預測及發 展策略。該等前瞻性陳述是根據其營運的行業及市場目前的信念、預測、假設及 前提，當中有些涉及主觀因素或不受我們控制。該等前瞻性陳述涉及許多風險及 不明朗因素及可能不會在將來實現。鑑於風險及不明朗因素，本中期報告內所載 列的前瞻性陳述不應視為董事會或本公司聲明該等計劃及目標將會實現，故投資 者不應過於依賴該等前瞻性陳述。 目 錄 我們的董事 20 本公司證券及 ...

GCL New Energy Holdings Limited 協鑫新能源控股有限公司 (於百慕達註冊成立之有限公司）（股份代號 : 451) 雄程活 019年報 關於協鑫新能源 0.5pt 大 年 上 比 」Fonts Size 版 文 中 「 年 今 • 知名中國民營光伏發電企業，截至二零一九年十二月三十一日，於中國26個省份擁有及 運營211個光伏發電站，加上於美國的光伏發電站，總裝機容量達7.1吉瓦（附屬電站約 5.7吉瓦；合營及聯營電站約1.4吉瓦） • 被列入深港通可買賣港股名單及恒生港股通指數，獲國內投資市場認可 • 獲保利協鑫（3800.HK）持有62.3%股權，其為全球領先的多晶硅生產商及全球最大的硅 片供應商 | --- | --- | |--------------------------------------------------------------------------------|-------| | | | | 本年報載有前瞻性陳述，涉及本集團的預測業務計劃、業務展望及前景、財務預測及發 | | | 展策略。該等前瞻性陳述是根據其營運的行業及市場目前的信念、預測、假設及 ...