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份內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 CHINA RUIFENG RENEWABLE ENERGY HOLDINGS LIMITED 中 國 瑞 風 新 能 源 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：00527） 截至二零二三年六月三十日止六個月的 中期業績 業績 中國瑞風新能源控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣 佈本公司及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月（「呈 報期」）的未經審核中期業績，連同去年同期的比較數字如下： ...

Financial Performance - Revenue from wind farm operations for the year ended December 31, 2022, was approximately RMB 298.87 million, a decrease of about 15% compared to RMB 349.99 million for the year ended December 31, 2021[16]. - The company's revenue for the year ended December 31, 2022, was approximately RMB 304,443,000, a decrease of about 14% compared to RMB 352,407,000 for the year ended December 31, 2021[36]. - The gross profit for the year ended December 31, 2022, was approximately RMB 64,114,000, down 43% from RMB 112,770,000 in the previous year, resulting in a gross margin of 21% compared to 32% in 2021[40]. - Operating profit for the year ended December 31, 2022, was RMB 992, a significant improvement from an operating loss of RMB 195,638,000 in 2021, marking a 101% change[34]. - The net loss for the year ended December 31, 2022, was approximately RMB 162,020,000, a reduction of 55% from RMB 358,678,000 in the previous year[47]. Operational Developments - The company aims to enhance operational efficiency of existing wind farms to reduce costs and increase effectiveness while actively seeking other development opportunities in the renewable energy sector[11]. - The company is exploring potential acquisitions and joint ventures in hydrogen vehicle research, production, and sales, as well as hydrogen fuel cells and power systems[10]. - The first phase of the Baotou Silver Wind project, with an expected installed capacity of 49.8 MW, is still under construction and is projected to generate revenue in the coming years[7]. - The company's subsidiary, Baotou Yinwind, is currently constructing a wind farm project with a capacity of 49.8 MW, which is expected to contribute to future revenue from wind farm operations[18]. - The company anticipates significant opportunities in the wind power sector due to supportive government policies promoting renewable energy[21]. Financial Position - The company's net debt as of December 31, 2022, was RMB 1,302,227,000, a decrease from RMB 1,460,422,000 in 2021[34]. - The current ratio improved to 189% as of December 31, 2022, compared to 118% in the previous year[34]. - The average collection period for trade receivables decreased to 289 days in 2022 from 322 days in 2021[34]. - Cash and bank balances as of December 31, 2022, were approximately RMB 420,843,000, an increase from RMB 243,295,000 in the previous year[50]. - The company's capital debt ratio increased from approximately 87% as of December 31, 2021, to about 94% as of December 31, 2022[52]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to enhance management quality and protect shareholder interests[178]. - The company has adopted and complied with the corporate governance code as per the listing rules, with exceptions noted regarding attendance at shareholder meetings and the separation of roles between the chairman and CEO[179]. - The board consists of seven directors, including four executive directors and three independent non-executive directors, ensuring compliance with the listing rules regarding board composition[186]. - The independent non-executive directors represent at least one-third of the board, fulfilling the independence requirements set by the listing rules[189]. - The company has arranged for directors and senior management liability and indemnity insurance as part of its corporate governance practices[185]. Market Environment - The total electricity consumption in China for the year 2022 was 8,637.2 billion kWh, representing a year-on-year increase of 3.6%[10]. - The overall economic environment in China remained stable in 2022, with a GDP growth of 3%[10]. - In 2022, China's GDP grew by 3.0% year-on-year, with the fourth quarter showing a growth of 2.9%, indicating a gradual recovery from the impacts of COVID-19[19]. - In 2022, China added 37.63 million kW of new wind power capacity, bringing the total installed capacity to 370 million kW, with wind power generation reaching 686.7 billion kWh, accounting for approximately 8.2% of total electricity generation[19]. - The average utilization hours for wind power in China were 2,221 hours in 2022, with total electricity consumption increasing by 3.6% year-on-year to 8.64 trillion kWh[19]. Shareholder Relations - The company expresses gratitude to shareholders and partners for their support and aims to deliver better returns through a prudent and pragmatic development strategy[13]. - The company did not recommend the payment of a dividend for the year ending December 31, 2022, consistent with the previous year[116]. - As of December 31, 2022, the company's distributable reserves for shareholders amounted to approximately RMB 0[122]. - The total number of issued shares as of December 31, 2022, was 2,049,140,800 shares[135]. - The major shareholder, Yinghui, holds 1,979,861,111 shares, which is about 96.62% of the total issued shares[137]. Risk Management - The company faces risks related to fluctuations in wind turbine utilization hours, with energy generation from its Hongsong wind farm being 663.38 GWh in 2022, down from 777.54 GWh in 2021[22]. - The company has not adopted any currency hedging measures due to the board's belief that the costs of such measures would exceed the potential risks from currency and interest rate fluctuations[52]. - The company faced a liquidation petition claiming a debt of RMB 500,000, which was subsequently withdrawn by the petitioner[97]. - There have been no significant contingent liabilities as of December 31, 2022[94]. - The internal control consultant identified deficiencies in internal controls and provided recommendations, all of which have been implemented by the board[157].

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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA RUIFENG RENEWABLE ENERGY HOLDINGS LIMITED 中 國 瑞 風 新 能 源 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：00527） 截至二零二二年十二月三十一日止年度的全年業績公告 中國瑞風新能源控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本 公司及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度（或「報 告期間」）的綜合業績，連同過往年度的比較數字如下： ...

Financial Performance - The company reported revenue of RMB 179,744,000 for the six months ended June 30, 2022, a decrease of approximately 10% compared to RMB 199,303,000 for the same period in 2021[15]. - Gross profit for the same period was RMB 52,741,000, reflecting a decline of 35% from RMB 81,528,000 in the previous year[15]. - Operating profit was RMB 48,839,000, down 33% from RMB 72,449,000 year-on-year[15]. - The net loss attributable to equity holders was RMB 38,065,000, compared to a loss of RMB 30,862,000 in the prior year, representing an increase in loss of 23%[15]. - The loss for the reporting period was approximately RMB 39,453,000, compared to a loss of RMB 18,762,000 for the same period last year[35]. - The company reported a comprehensive loss of RMB 60,171,000 for the six months ended June 30, 2022, compared to RMB 11,766,000 in the same period of 2021[112]. - The company's basic and diluted loss per share for the period was RMB (0.019), compared to RMB (0.016) in the previous year[110]. - Total equity attributable to owners decreased to RMB 17,286 thousand from RMB 55,236 thousand year-over-year, representing a decline of 68.7%[116]. - Total liabilities increased to RMB 2,001,636 thousand from RMB 1,955,819 thousand, reflecting a rise of 2.3%[116]. Revenue Sources - Revenue from wind farm operations was approximately RMB 175,454,000, a decrease of about 12% from RMB 199,303,000 in the previous year[21]. - Revenue from external customers for the six months ended June 30, 2022, was RMB 179,744 million, compared to RMB 199,303 million for the same period in 2021, indicating a decrease of approximately 9.8%[171]. - The company had one major customer contributing over 10% of total revenue, with contributions of RMB 175,454 million for the six months ended June 30, 2022, down from RMB 199,303 million in the previous year[170]. Costs and Expenses - The sales cost for the reporting period was approximately RMB 127,003,000, accounting for about 71% of the wind power operating revenue, compared to 59% in the same period last year[28]. - Administrative expenses decreased by approximately 19% to about RMB 21,420,000, down from RMB 26,438,000 in the same period last year[31]. - Employee benefits costs, including director remuneration, totaled RMB 20,970 million for the six months ended June 30, 2022, compared to RMB 31,230 million for the same period in 2021, reflecting a decrease of approximately 32.9%[178]. - Financing costs for the reporting period were approximately RMB 80,227,000, an increase from RMB 77,993,000 in the same period last year[33]. Debt and Financing - The net debt as of June 30, 2022, was RMB 1,531,972,000, with a net asset value of RMB 257,924,000, resulting in a debt-to-equity ratio of 593%[15]. - Total borrowings increased to approximately RMB 1,796,989,000 as of June 30, 2022, from RMB 1,703,717,000 as of December 31, 2021, an increase of about RMB 93,272,000[38]. - The company has been actively restructuring its debt obligations through various amendments to the convertible bond agreements over the years[46]. - The company entered into a deferral agreement with convertible bondholders to extend the maturity of the convertible bonds by one year, from March 25, 2021, to March 25, 2022[54]. Strategic Focus and Market Position - The company aims to enhance its market position in renewable energy by focusing on wind power development and seeking new investment opportunities[19]. - The company plans to continue its strategic development in the wind energy sector to achieve sustainable growth and profitability[19]. - The company aims to enhance its wind farm business and expand into other clean energy sectors, positioning itself as a pillar company in the renewable energy industry in Northern China[77]. - The company will continue to seek acquisition opportunities to strengthen its operational capabilities in the wind power sector and expand its maintenance services[77]. Cash Flow and Assets - Cash flow from operating activities showed a net cash inflow of RMB 33,328 thousand, down 43.1% from RMB 58,631 thousand in the previous year[127]. - Cash flow from investing activities resulted in a net cash inflow of RMB 2,179 thousand, compared to a net outflow of RMB 23,827 thousand in the same period last year[127]. - Cash flow from financing activities recorded a net outflow of RMB 16,223 thousand, a significant improvement from a net outflow of RMB 446,859 thousand in the previous year[129]. - As of June 30, 2022, the total assets as of June 30, 2022, were RMB 2,259,560,000, a slight increase from RMB 2,237,007,000 as of December 31, 2021[114]. Corporate Governance and Compliance - The company has complied with the corporate governance code, with no chairman appointed during the reporting period[89]. - An internal control consultant was hired to review and improve the company's internal controls and risk management systems[90]. - The company’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and comply with applicable disclosure requirements[135]. Shareholder Information - The company has issued and fully paid 1,979,141,000 shares at HKD 0.01 each as of June 30, 2022, unchanged from December 31, 2021[200]. - No interim dividend was recommended for the reporting period ending June 30, 2021[94]. - The company did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[189].

Company Overview - In 2021, the company's indirect control over Hong Kong Hong Song New Energy Investment Co., Ltd. reached 86.55% through gradual acquisitions[12]. - The company operates primarily in the wind farm sector, focusing on investment holding and wind power generation[117]. - The company aims to establish a solid market position in the renewable energy industry in the near future[18]. Financial Performance - Revenue from wind farm operations for the year ended December 31, 2021, was approximately RMB 349,995,000, an increase of about 1% compared to RMB 346,401,000 in 2020[23]. - The company's revenue for the year ended December 31, 2021, was approximately RMB 352,407,000, a slight increase of 2% from RMB 346,401,000 in 2020[48]. - The gross profit for the year was approximately RMB 112,770,000, resulting in a gross margin of about 32%, down from 36% in the previous year[53]. - The net loss for the year was approximately RMB 358,678,000, an increase of 76% compared to RMB 203,973,000 in 2020[60]. - The operating loss for the year was approximately RMB 195,638,000, a decline from an operating profit of RMB 60,857,000 in 2020[45]. - The company's administrative expenses increased by approximately 57% to about RMB 71,559,000, primarily due to share-based payments[55]. Market and Industry Trends - In 2021, China's GDP grew by 8.1% year-on-year, and the total electricity consumption increased by 10.3%[17]. - The anticipated market reforms in electricity pricing and the restart of carbon emission trading rights (CCER) are expected to bring additional revenue to the company[18]. - The Chinese government continues to support the wind power industry, which is expected to benefit the company's development[28]. - The average utilization hours for wind power in China reached 2,246 hours, with curtailment of wind power increasing to 20.6 billion kWh, up from 16.6 billion kWh in 2020[26]. Strategic Initiatives - The company aims to enhance its position in the renewable energy sector by expanding its wind power operations and exploring new clean energy opportunities[37]. - The company plans to focus on improving the operational efficiency of existing wind farms to reduce costs and increase efficiency[18]. - The company is actively seeking other potential development opportunities in the renewable energy sector[14]. - The company is exploring expansion into hydrogen energy-related businesses, including hydrogen vehicle production and hydrogen station construction[36]. Debt and Financial Management - The net debt to equity ratio rose significantly to 519% from 215% in the previous year[46]. - The current ratio decreased to 118% from 158% in the previous year, indicating a decline in liquidity[46]. - Total borrowings decreased to approximately RMB 1,703,717,000 as of December 31, 2021, down by approximately RMB 517,915,000 from RMB 2,221,632,000 as of December 31, 2020[65]. - The capital debt ratio increased from approximately 80% as of December 31, 2020, to approximately 87% as of December 31, 2021[65]. Corporate Governance - The company has adopted corporate governance practices to maintain the highest standards[186]. - The board consists of seven directors, including four executive directors and three independent non-executive directors[197]. - The independent non-executive directors have confirmed their independence according to the listing rules[200]. - The company has complied with the corporate governance code, with independent non-executive directors constituting at least one-third of the board[200]. Employee and Operational Insights - Employee costs for the year ended December 31, 2021, amounted to approximately RMB 50.5 million, an increase from RMB 39.15 million in 2020[100]. - The company has approximately 154 full-time employees as of December 31, 2021, compared to 125 employees in 2020[100]. - The company emphasizes the importance of maintaining good relationships with employees, customers, and suppliers for sustainable development[172]. Legal and Compliance Issues - The auditor's report for the year ended December 31, 2021, included a qualified opinion due to insufficient audit evidence regarding the carrying values of interests in associates and receivables[175]. - The company has initiated legal proceedings in China to recover amounts owed by the associate company, which includes a court ruling requiring the associate to repay approximately RMB 36,000,000 for undelivered equipment[181]. - Management has assessed the recoverability of loans and related interest receivables from the associate, concluding that the risk of default has significantly increased[177]. Future Outlook - The company is positioned to adapt to the global energy structure transformation and enhance its development quality and efficiency[18]. - The company has been actively involved in discussions regarding its business outlook and strategies for future growth[118]. - The company anticipates that the qualified opinion will continue to affect the comparative figures in the consolidated financial statements for the year ending December 31, 2022, but expects to resolve this by the year ending December 31, 2023[183].

中國瑞風新能源控股有限公司 (於関曼群島註冊成立的有限公司) (股份代號：00527) 中期報告 2021 目錄目錄 2 公司資料 | --- | --- | --- | --- | --- | --- | --- | |-------|------------------|-------|-------|-------|-------|-------| | | | | | | | | | 5 | 財務業績概要 | | | | | | | 6 | 行政總裁報告 | | | | | | | 8 | 管理層討論與分析 | | | | | | | 22 | 權益披露 | | | | | | | 25 | 企業管治 | | | | | | | 26 | 其他資料 | | | | | | | 29 | 簡明綜合財務報表 | | | | | | | | | | | | | | | | | | | | | | 公司資料 上市地點 香港聯合交易所有限公司 股份代號：00527 執行董事 張志祥先生（行政總裁） 寧忠志先生 李天海先生 彭子瑋先生 獨立非執行董事 屈衛東先生 胡曉琳女士 姜森林先生 審核委員會 姜森林先生（審核 ...

中國瑞風新能源控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號：00527) 年報 2020 目錄 目錄 1 2 公司資料 4 企業簡介 5 行政總裁報告 7 管理層討論及分析 21 董事及高級管理人員簡歷 25 董事會報告 36 企業管治報告 54 環境、社會及管治報告 78 獨立核數師報告 83 綜合財務報表 172 五年財務概要 公司資料 執行董事 上市地點 香港聯合交易所有限公司 股份代號：00527 張志祥先生（行政總裁） 寧忠志先生 李天海先生 彭子瑋先生 獨立非執行董事 屈衛東先生 胡曉琳女士 姜森林先生 審核委員會 姜森林先生（審核委員會主席） 屈衛東先生 胡曉琳女士 薪酬委員會 胡曉琳女士（薪酬委員會主席） 張志祥先生 屈衛東先生 姜森林先生 提名委員會 屈衛東先生（提名委員會主席） 張志祥先生 胡曉琳女士 姜森林先生 公司秘書 黃鈺琪女士 授權代表 張志祥先生 黃鈺琪女士 主要往來銀行 香港： 中國銀行（香港）有限公司 中國民生銀行股份有限公司香港分行 中國建設銀行（亞洲）股份有限公司 恒生銀行有限公司 東亞銀行有限公司 中華人民共和國（「中國」）： 中國銀行股份有限公司 中國農 ...

China Ruifeng IR2020 cover 6.2mm output.pdf 1 15/9/2020 下午7:49 INTERIM REPORT 中國瑞風新能源控股有限公司 (於開曼群島註开成立的有限公司) (股份代號：00527) 中期報告 2020 2020 目錄目錄 公司資料2 財務業績概要5 行政總裁報告6 管理層討論與分析9 權益披露 21 企業管治 23 其他資料 其他資料 24 簡明綜合財務報表 26 公司資料 上市地點 香港聯合交易所有限公司 股份代號：00527 執行董事 張志祥先生（行政總裁） 寧忠志先生 李天海先生 彭子瑋先生 獨立非執行董事 屈衛東先生 胡曉琳女士 姜森林先生 審核委員會 姜森林先生（審核委員會主席） 屈衛東先生 胡曉琳女士 薪酬委員會 胡曉琳女士（薪酬委員會主席） 張志祥先生 屈衛東先生 姜森林先生 提名委員會 屈衛東先生（提名委員會主席） 張志祥先生 胡曉琳女士 姜森林先生 公司秘書 黃鈺琪女士 中期報告2020 2 公司資料 授權代表 張志祥先生 黃鈺琪女士 主要往來銀行 香港： 中國銀行（香港）有限公司 中國民生銀行股份有限公司香港分行 中國建設銀行（ ...

中國瑞風新能源控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號：00527) 目錄 2 公司資料 4 企業簡介 6 行政總裁報告 8 管理層討論及分析 24 董事及高級管理人員簡歷 29 董事會報告 39 企業管治報告 57 環境、社會及管治報告 80 獨立核數師報告 84 綜合財務報表 184 五年財務概要 1 中國瑞風新能源控股有限公司 公司資料 上市地點 香港聯合交易所有限公司 股份代號：00527 執行董事 張志祥先生（行政總裁） 寧忠志先生 李天海先生 彭子瑋先生 獨立非執行董事 屈衛東先生 胡曉琳女士 姜森林先生（於二零一九年一月三十一日獲委任） 黃慧玲女士（於二零一九年一月三十一日辭任） 審核委員會 姜森林先生（審核委員會主席） （於二零一九年一月三十一日獲委任） 屈衛東先生 胡曉琳女士 黃慧玲女士（於二零一九年一月三十一日辭任） 薪酬委員會 胡曉琳女士（薪酬委員會主席） 張志祥先生 屈衛東先生 姜森林先生（於二零一九年一月三十一日獲委任） 黃慧玲女士（於二零一九年一月三十一日辭任） 提名委員會 屈衛東先生（提名委員會主席） 張志祥先生 胡曉琳女士 姜森林先生（於二零一九年一月三十一日 ...

中國瑞風新能源控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號：00527) IT 公司資料 2 財務業績概要 5 行政總裁報告 6 管理層討論與分析 9 權益披露 18 企業管治 20 其他資料 21 簡明綜合財務報表 23 目錄 1 中國瑞風新能源控股有限公司 公司資料 上市地點 香港聯合交易所有限公司 股份代號：527 執行董事 張志祥先生（行政總裁） 寧忠志先生 李天海先生 彭子瑋先生 獨立非執行董事 屈衛東先生 胡曉琳女士 姜森林先生（於二零一九年一月三十一日獲委任） 黃慧玲女士（於二零一九年一月三十一日辭任） 審核委員會 姜森林先生（審核委員會主席）（於二零一九年一月三十一日獲委任） 屈衛東先生 胡曉琳女士 黃慧玲女士（於二零一九年一月三十一日辭任） 薪酬委員會 胡曉琳女士（薪酬委員會主席） 張志祥先生 屈衛東先生 姜森林先生（於二零一九年一月三十一日獲委任） 黃慧玲女士（於二零一九年一月三十一日辭任） 提名委員會 屈衛東先生（提名委員會主席） 張志祥先生 胡曉琳女士 姜森林先生（於二零一九年一月三十一日獲委任） 黃慧玲女士（於二零一九年一月三十一日辭任） 公司秘書 盧家明先生 中期報告 ...