Investment in New Energy - In 2024, total investment in new energy projects in China amounted to RMB 3.7 trillion, a year-on-year decrease of 53.8%[13]. - Investment in wind power and photovoltaic power reached RMB 1.7 trillion, accounting for 46% of the total investment in the new energy sector[15]. - The overall trend for wind power, solar power, and energy storage investments remains steady and positive[17]. - The Group plans to focus on East China, Southwestern China, South China, and Northwestern China for future investments, considering factors like electricity market maturity and resource availability[30]. - The Group's new energy business is supported by substantial shareholders, enhancing resource sharing and business synergies[21]. - The Group is actively responding to policy changes and optimizing its management model to explore diversified investment opportunities in renewable energy[20]. Wind and Solar Power Capacity - The annual newly installed wind power and photovoltaic power generation capacity achieved the 2030 planning target six years ahead of schedule[16]. - Global installed wind power generation capacity reached 136 GW in 2024, indicating a rising demand for wind power[12]. - In 2024, the Group added 840MW of new wind and solar power grid-connected capacity, primarily in economically developed regions such as Guangdong and Jiangsu[22]. - In 2024, newly installed photovoltaic power generation output in China reached 278GW, a year-on-year increase of 28%, with a total installed capacity of 886GW, representing a 45% increase year-on-year[66]. - The newly installed wind power capacity in China reached 79.8GW, a year-on-year increase of 6%, with a total grid-connected capacity of 521GW, up 18% from the previous year[68][70]. Energy Storage Developments - The demand for energy storage has increased significantly, becoming a key solution for new energy consumption challenges[12]. - The Group achieved a grid-connected energy storage capacity of 307MWh, including a 100MW/200MWh independent energy storage station in Yunnan and a 14.9MW/59.8MWh industrial and commercial energy storage station in Shenzhen[22]. - The cumulative installed capacity of new energy storage projects in China reached 73.76GW by the end of 2024, reflecting a growth of over 130% compared to the end of 2023[73][75]. - The price of 2-hour energy storage systems dropped from RMB1.6/Wh in early 2023 to around RMB0.5/Wh, and energy storage battery cell prices fell from RMB0.95/Wh to approximately RMB0.3 to 0.35/Wh[74][75]. - The energy storage business is focusing on economically viable core areas, with a development and reserve scale exceeding 50MWh in Jiangsu and Shaanxi regions[101]. Financial Performance - Revenue for the company decreased by approximately 16.9% year-on-year to RMB1,295,563,000, while profit attributable to owners increased by 15.6% to RMB114,136,000[81]. - For the year ended December 31, 2024, the Group's revenue decreased by approximately 16.9% to RMB 1,295,563,000 compared to RMB 1,559,437,000 in 2023, while profit attributable to equity holders increased by approximately 15.6% to RMB 114,136,000[84]. - The EPC and consulting segment's revenue from external customers decreased by approximately 49.5% to RMB 517,228,000, primarily due to strategic shifts and a downturn in the real estate sector[85]. - The Group's power generation segment recorded a revenue growth of approximately 48.8% to RMB 756,231,000, with segment profit increasing by approximately 28% to RMB 349,908,000[96]. - Profit for the year increased by approximately 12.9% to RMB119,901,000, compared to RMB106,157,000 in 2023[192]. Strategic Initiatives and Future Outlook - The Group is proactively adjusting its strategic development and investment direction in response to industry changes and competition pressures[17]. - The Group aims to strengthen the operation and management of power stations to enhance operational efficiency and ensure safe production[33]. - The Group anticipates challenges and opportunities in upgrading distribution networks and improving grid connection capacity due to increasing installed capacity of new energy[29]. - The Group will continue to innovate and optimize engineering project quality to contribute to national new energy development[34]. - The Group will focus on stability, deepening reform and innovation, and optimizing the main responsibility of investment, construction, and operation of new energy power stations[176]. Environmental and Social Responsibility - The Group adheres to environmental protection principles, actively developing green energy and minimizing pollution[145]. - The Group has established a quality, environmental, and occupational health and safety management system in accordance with relevant standards[152]. - The Group is committed to creating a safe working environment and has obtained GB/T45001-2020/ISO 45001-2018 certification for occupational health and safety management[159]. - The Group actively integrates sustainable development into all aspects of operations and business decisions through the ESG Working Group[151]. - The Group has implemented customer property management policies to protect customer privacy and comply with relevant laws[164].

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 1,295,563, a decrease of 16.9% compared to RMB 1,559,437 in 2023[3] - Net profit for the year increased by 12.9% to RMB 119,901 from RMB 106,157 in the previous year[3] - Basic and diluted earnings per share rose to RMB 6.16, up 15.6% from RMB 5.33 in 2023[6] - The company reported a total comprehensive income of RMB 103,675, up from RMB 99,765 in 2023[5] - The group reported revenue of RMB 225,139,000 from the EPC and consulting segment, a decrease from RMB 379,368,000 in the previous year[21] - Total revenue from external customers for the year ended December 31, 2024, was RMB 1,295,563, a decrease from RMB 1,559,437 in 2023, representing a decline of approximately 16.9%[25] - The performance of the EPC and consulting segment generated revenue of RMB 517,228, down from RMB 1,025,041 in the previous year, indicating a decrease of about 49.5%[24] - The power generation segment saw an increase in revenue to RMB 756,231 from RMB 508,084, reflecting a growth of approximately 48.8%[24] - The annual profit for 2024 was reported at RMB 119,901, compared to RMB 106,157 in 2023, marking an increase of about 13.0%[24] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 10,323,470, a slight decrease of 0.4% from RMB 10,364,716 in 2023[3] - Total liabilities increased to RMB 8,612,255 in 2024 from RMB 8,757,176 in 2023, indicating a decrease of approximately 1.6%[24] - Current liabilities decreased to RMB 3,345,013 from RMB 3,599,398, reflecting improved liquidity management[10] - The total accounts receivable amounted to RMB 1,435,704,000 in 2024, an increase of 4.3% from RMB 1,377,003,000 in 2023[49] - The aging analysis of accounts payable shows a total of RMB 891,201,000 as of December 31, 2024, compared to RMB 1,382,572,000 in 2023, highlighting a significant reduction in liabilities[59] - The total contract liabilities for EPC services decreased to RMB 183,918,000 in 2024 from RMB 213,355,000 in 2023, reflecting a reduction in advance payments received[61] Expenses and Costs - Administrative expenses decreased to RMB 98,603 from RMB 110,597, indicating cost control measures[5] - Total sales costs decreased to RMB 829,983,000 in 2024 from RMB 1,171,010,000 in 2023, representing a reduction of 29.1%[32] - Financial costs increased to RMB 228,137,000 in 2024 from RMB 208,162,000 in 2023, marking a rise of 9.6%[33] - The income tax expense for 2024 was RMB 44,157,000, up from RMB 34,527,000 in 2023, reflecting a growth of 28%[34] - Employee costs decreased by approximately 14.8% to RMB 63,206,000, reflecting cost management efforts[102] - Other operating expenses decreased by approximately 23.5% to RMB 28,865,000, primarily due to reduced legal and banking fees[104] Strategic Goals and Market Outlook - The company is focused on advancing renewable energy development as part of its strategic goals for the upcoming year[64] - By the end of 2024, the proportion of non-fossil energy generation capacity is expected to increase to approximately 55%, with wind and solar power accounting for over 17% of the total national power generation[68] - The plan aims for non-fossil energy consumption to reach about 20% by 2025, emphasizing the construction of large-scale wind and solar bases in desert and arid regions[69] - The government aims to enhance the carbon emissions statistical verification capacity and expand the national carbon market coverage[67] - The focus will be on the construction of large-scale energy bases and the development of new energy storage solutions to enhance energy consumption efficiency[66] Research and Development - The company has applied for 11 patents, including 3 invention patents and 1 utility model patent, enhancing its R&D capabilities[81] - Research and development expenses increased to RMB 743,000 in 2024 from RMB 500,000 in 2023, a rise of 48.6%[32] Corporate Governance - The company has established a strict code of conduct for directors trading its securities, ensuring compliance with the standards set forth in the listing rules[120] - The audit committee has been formed in accordance with listing rules to oversee the financial reporting process and risk management[121] - The consolidated financial statements for the year ending December 31, 2024, have been reviewed by the audit committee and approved by the board[122] Shareholder Information - The company did not declare or recommend any dividends for the year ending December 31, 2024[38] - The annual general meeting is scheduled for May 29, 2025, at 11:00 AM[125] - The company will suspend share transfer registration from May 23, 2025, to May 19, 2025, to determine eligibility for voting at the annual general meeting[126]

Financial Performance - Revenue for the six months ended June 30, 2024, was HK$821,101,000, a decrease of 9.7% compared to HK$909,811,000 for the same period in 2023[11]. - Gross profit increased to HK$255,157,000, representing a 29.8% increase from HK$196,506,000 in the previous year[11]. - Profit before tax for the period was HK$101,388,000, up 40.0% from HK$72,482,000 in the same period last year[11]. - Profit for the period reached HK$77,292,000, an increase of 39.9% compared to HK$55,193,000 for the six months ended June 30, 2023[11]. - Total comprehensive income attributable to owners of the parent was HK$71,129,000, compared to HK$60,919,000 in the same period last year[12]. - Basic and diluted earnings per share for the period increased to HK3.84 cents, up from HK3.29 cents in the previous year, reflecting a growth of approximately 16.7%[13]. - The profit for the period was HK$60,919,000, while the total comprehensive loss for the period was HK$16,073,000[22]. - The Group's profit for the period ended June 30, 2024, was HK$77,292,000, compared to HK$55,193,000 for the same period in 2023, representing an increase of approximately 39.9%[45][50]. - The net profit margin of the Group increased to 9.4% from 6.1% in the previous year[198]. Comprehensive Income and Loss - Other comprehensive loss for the period was HK$16,104,000, a significant reduction from HK$78,545,000 in the previous year[12]. - Total comprehensive income attributable to owners of the parent for the six months ended June 30, 2024, was HK$56,008,000, compared to a loss of HK$16,073,000 in the same period of 2023, representing a significant turnaround[13]. Assets and Liabilities - Total non-current assets as of June 30, 2024, amounted to HK$7,051,630,000, an increase from HK$6,640,149,000 as of December 31, 2023, indicating a growth of about 6.2%[14]. - Total current assets decreased to HK$3,839,160,000 from HK$4,797,072,000, a decline of approximately 20%[14]. - Total current liabilities decreased to HK$3,302,252,000 from HK$3,971,881,000, reflecting a reduction of about 16.8%[15]. - Total equity attributable to owners of the parent increased to HK$1,794,079,000 from HK$1,738,071,000, representing a growth of about 3.2%[15]. - Total assets as of June 30, 2024, amounted to HK$10,890,790,000, compared to HK$9,508,016,000 as of June 30, 2023, representing an increase of approximately 14.5%[46][48]. - Total liabilities as of June 30, 2024, were HK$9,055,792,000, an increase from HK$7,843,667,000 in 2023, indicating a rise of approximately 15.5%[46][48]. Cash Flows - For the six months ended June 30, 2024, the net cash flows from operating activities amounted to HK$232,337,000, compared to a cash outflow of HK$231,474,000 in the same period of 2023[25]. - The net cash flows used in investing activities were HK$561,878,000, a significant increase from the cash inflow of HK$355,885,000 in the prior year[25]. - The net cash flows used in financing activities totaled HK$445,251,000, compared to a cash inflow of HK$684,456,000 in the previous year[25]. - The total cash and cash equivalents at the end of the period were HK$997,328,000, down from HK$1,749,712,000 at the end of June 2023[25]. Segment Performance - Total segment revenue for the six months ended June 30, 2024, was HK$836,508,000, a decrease from HK$927,305,000 for the same period in 2023, representing a decline of approximately 9.8%[45][48]. - Segment results for power generation were HK$197,695,000 for the six months ended June 30, 2024, compared to HK$148,168,000 in 2023, reflecting a growth of approximately 33.4%[45][48]. - Revenue from the EPC and consultancy and general construction segment decreased by approximately 34.8% to HK$398,858,000, while revenue from the power generation segment increased by approximately 44.9% to HK$410,046,000[196]. Research and Development - Research and development expenses for the six months ended June 30, 2024, were HK$80,000, a significant decrease from HK$6,782,000 in 2023, reflecting a decline of approximately 98.8%[51]. - Three new R&D projects were initiated, with 8 patents applied for and 3 invention patents obtained in the first half of 2024[149]. Strategic Initiatives - The Group aims to enhance energy security capacity and promote green and low-carbon transformation as part of its strategic objectives for 2024[110]. - The Group is focusing on the Greater Bay Area and the new energy industry, developing financial leasing and factoring business, and investing in distributed photovoltaic power station and industrial energy storage projects[160][162]. - The Group's strategy includes deepening energy reform and innovation to support the construction of a new energy system[110]. Compliance and Certifications - The Group's wholly-owned subsidiary CNI (Nanjing) obtained ISO14001 and GB24001-2016 environmental management system certifications, ensuring compliance with environmental protection standards[166][167]. - The Group did not violate any significant laws and regulations related to air and greenhouse gas emissions, discharges into water and land, and waste generation during the six months ended June 30, 2024[166][167]. Market Trends and Projections - In the first half of 2024, newly installed PV power generation capacity in China reached 102.48 GW, a year-on-year increase of 30.7%, while the cumulative installed capacity reached 713.5 GW, representing a year-on-year increase of 51.6%[126]. - The newly installed power generation capacity in China is expected to exceed 300 million KW in 2024, with a cumulative installed capacity of 3.25 billion KW, representing a year-on-year increase of approximately 12%[180]. - The domestic newly installed wind power generation capacity is anticipated to reach about 80 GW in 2024, supported by favorable policies for offshore wind power development[186].

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依賴該等內容而引致的任何損失承擔任何責任。 CHINA NUCLEAR ENERGY TECHNOLOGY CORPORATION LIMITED 中國核能科技集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：611） 截至二零二四年六月三十日止六個月之 中期業績公告 | --- | --- | --- | --- | |---------------------------|--------------|------------------------|-------| | | | | | | 財務概要 | | | | | | | | | | | | 截至六月三十日止六個月 | | | | 二零二四年 | 二零二三年 | 變 動 | | | （未經審核） | （未經審核） | | | | 港幣千元 | 港幣千元 | % | | | | | | | 收 益 | 821,101 | 909,811 | (9.8) | | 除所得稅開支前溢利 ...

Renewable Energy Capacity and Projects - In 2023, the Group achieved a new record in installed capacity for self-invested new energy power station projects, with a total grid-connected capacity of 385MW and an operational scale of 1,078MW, generating 1.176 billion kWh of electricity and revenue of approximately RMB 506 million[4]. - The Group completed a 10MW/20MWh power-side energy storage project in Yangjiang, Guangdong, and a 200MW/400MWh independent energy storage project in Lincang, Yunnan, with phase I (100MW/200MWh) included in the Centralized Shared New Energy Storage Demonstration Projects[6]. - The Group generated additional green electricity trading revenue of over RMB 6 million from two photovoltaic projects in Zhenjiang and Yangjiang during the year[4]. - The Group's subsidiaries constructed multiple projects in Yunnan, Guangdong, Jiangsu, and Shanghai, maintaining a high operational efficiency of facilities[46]. - The Group has added 984MW of new photovoltaic project reserves and 200MW of energy storage project reserves in 2023, with 777MW under construction[142]. - The Group's total operating capacity reached 1,078 MW, with completed power generation of 1.176 billion kWh in 2023, including 622 million kWh from photovoltaic power stations and 554 million kWh from wind power stations[174]. Market Development and Strategic Focus - The Group plans to enhance project management and ensure timely grid connection of projects in 2024, aiming to elevate its status as a comprehensive energy service provider[8]. - The Group plans to enhance market development efforts in 2024, focusing on acquiring wind and solar power resources in Yunnan, Guangdong, and Jiangsu through self-development and mergers[50]. - The Group is actively pursuing market opportunities in green certificate trading and CCER, achieving significant progress in extending its power station business[4]. - The Group's strategic focus includes in-depth research on energy storage, hydrogen energy, and solar thermal energy, facilitating the implementation of demonstration projects[6]. - The Group's strategic focus on customer-centered development aims to explore new revenue drivers and facilitate high-quality growth through innovation[35]. - The company aims to increase its market development efforts in the renewable energy sector, targeting key regions such as Yunnan, Guangdong, and Jiangsu[51]. Financial Performance and Management - For the year ended December 31, 2023, revenue decreased by approximately 18.9% year-on-year to HK$1,733,290,000, while profit attributable to owners of the Group increased by approximately 16.7% to HK$107,689,000[105]. - The Group's financing segment's credit risk concentration is entirely within the PRC, accounting for 100% of total finance lease receivables and loan receivables[88]. - The Group's financing leasing strategy emphasizes differentiated development and aims to support the construction of photovoltaic power stations and energy storage[177]. - The company aims to reduce financial costs and ensure effective cash flow management as part of its strategic focus[195]. - The overall strategy includes a focus on "ensuring investment, reducing leverage, maintaining liquidity, and lowering costs" to navigate market challenges[195]. Technological Advancements and R&D - The Group's research and development efforts are focused on new industries and business models to enhance technological capabilities and financial-industrial integration[48]. - The company will continue to invest in research and development to improve technological capabilities and expand into new industries[56]. - The efficiency for new models of stacked cells could reach 43% in the future, indicating ongoing advancements in technology[121]. - The Group launched three new technology research and development projects and received three patents in 2023, focusing on its core business[173]. - The Group's intelligent system for operation and maintenance is in trial phase, expected to reduce data acquisition input by 30% upon official launch[146]. Environmental Management and Compliance - The Group has established a sound environmental protection management mechanism, obtaining ISO14001 and GB24001-2016 certifications[95]. - During the reporting period, the Group did not violate any significant laws and regulations related to emissions and waste management[97]. - The Group's environmental management approach emphasizes strict compliance with laws and regulations while promoting green energy initiatives[94]. Talent Management and Organizational Stability - The Group's non-core talent turnover rate remained below 5%, ensuring a stable core talent team for project implementation and maintenance[7]. - In 2023, the company maintained a non-core talent turnover rate below 5% while focusing on procurement compliance and cost reduction[51]. - The company maintained a strong focus on project management, ensuring no safety incidents occurred throughout the year[163].

Financial Performance - The company's profit attributable to owners for the year ended December 31, 2023, was HKD 107,689,000, an increase of approximately 16.7% compared to HKD 92,243,000 for the previous year[2]. - Total revenue decreased by approximately 18.9% from HKD 2,138,482,000 in 2022 to HKD 1,733,290,000 in 2023, primarily due to reduced revenue in the EPC and consulting segments[9]. - Basic earnings per share for the year ended December 31, 2023, was HKD 5.81, compared to HKD 5.55 for the previous year[2]. - The company's profit before tax for 2023 was HKD 154,589,000, an increase of 10.3% from HKD 139,301,000 in 2022[23]. - Tax expenses calculated at the effective tax rate of the group amounted to HKD 38,377,000, down from HKD 40,947,000 in the previous year[23]. - The company did not declare or recommend any dividends for the year ending December 31, 2023[24]. - The company reported a pre-tax profit of HKD 116,212,000 for the year, down from HKD 98,354,000 in the previous year, indicating a year-over-year increase of approximately 18.1%[95]. - Net profit for the year increased by 18.2% to HKD 116,212 from HKD 98,354 in the previous year[167]. Revenue Breakdown - The revenue from the EPC and consulting segment was HKD 421,661,000, while the power generation segment generated HKD 174,569,000, compared to HKD 296,520,000 and HKD 175,676,000 respectively in 2022[93]. - The EPC and consulting segment's revenue from external customers decreased by approximately 30.4% to HKD 1,139,317,000, down from HKD 1,637,410,000 in 2022[75]. - The revenue from the power generation segment increased by approximately 20% year-on-year, contributing HKD 564.73 million to the company's total revenue[84]. - The revenue from the construction of photovoltaic power stations increased to HKD 540,617,000 in 2023 from HKD 450,969,000 in 2022[111]. - The revenue from the financing leasing segment reported a decrease of about 4.3% to HKD 29.25 million, primarily due to intense competition[86]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 11,437,221,000, compared to HKD 9,418,915,000 in 2022, reflecting an increase of approximately 21.5%[93]. - The total liabilities increased to HKD 9,663,411,000 from HKD 7,725,485,000, marking a rise of approximately 25.1%[95]. - The company's equity attributable to owners increased by approximately 4.7% to HKD 1,738,071,000 as of December 31, 2023[138]. - The asset-liability ratio increased to 0.84 from 0.82 in the previous year, reflecting a rise of 2.4%[186]. Credit and Receivables - The total receivables from loans decreased to HKD 125,078,000 in 2023 from HKD 269,027,000 in 2022[30]. - Trade receivables increased to HKD 1,527,141,000 in 2023, up from HKD 1,353,814,000 in 2022[35]. - The expected credit loss provisions for trade receivables and notes across all segments is HKD 33,686,000, reflecting a comprehensive assessment of credit risk[41]. - The company has no recent overdue payments or significant credit risk associated with its receivables[31]. - The expected credit loss for the year was reported at HKD (15,403,000), a decrease from HKD 6,194,000 in 2022, indicating improved credit quality[95]. Investments and Growth - The company plans to expand its investments in wind and power generation facilities to enhance revenue generation capabilities[11]. - The company anticipates significant growth in the renewable energy sector, with an estimated annual investment of RMB 2 trillion in wind and solar markets[58]. - The company aims to focus on "new energy + energy storage" and expand its investment in photovoltaic and wind power, developing a comprehensive new energy management platform[116]. - The company plans to exit the municipal EPC business due to competitive pressure and has not undertaken any new projects in this area in 2023[75]. - The company has established a differentiated product strategy and standardized risk control system to mitigate systemic risks associated with high industry concentration[102]. Operational Highlights - The company completed a total of 216.9 GW of new photovoltaic installations in 2023, representing a year-on-year growth of 148.2%[65]. - The wind power sector saw an addition of 75.9 GW of new installations in 2023, marking a year-on-year growth of 101.9%[68]. - The average energy storage duration for newly installed projects was 2.1 hours, with a cumulative installed capacity of 31.39 million kW by the end of 2023[70]. - The company maintained a safety record with no major safety incidents throughout the year, emphasizing project management and quality control[78]. - The company was granted 3 new patents and initiated 3 new R&D projects, enhancing its technological capabilities and innovation[78]. Future Outlook - The offshore wind power sector is expected to see significant growth, with projected new installations of 70 GW in 2024[7]. - The industrial energy storage market is anticipated to maintain a growth rate of over 30% in 2024, driven by regional market demand[8]. - The global photovoltaic market is projected to reach an annual scale of around 500 GW over the next eight years, with China's market expected to be approximately 220 GW[6]. - The company aims to actively implement the national "dual carbon" strategy and expand its business in zero-carbon parks and carbon asset management[122].

Financial Performance - Revenue for the six months ended June 30, 2023, was HK$909,811,000, a decrease of 25.7% compared to HK$1,224,210,000 for the same period in 2022[12] - Gross profit increased slightly to HK$196,506,000, up 1.1% from HK$193,433,000 year-on-year[12] - Profit for the period attributable to owners of the Company was HK$60,919,000, representing a 35.1% increase from HK$45,100,000 in the previous year[16] - The total comprehensive income for the period was a loss of HK$23,352,000, compared to a loss of HK$17,593,000 in the same period last year[14] - Earnings per share for the period was 8 HK cents, compared to 3.29 HK cents in the previous year[16] - Other income and gains decreased to HK$25,646,000 from HK$28,911,000 in the previous year[12] - The company reported a profit for the period of HK$60,919,000, contributing to retained earnings of HK$1,100,296,000 as of June 30, 2023[22] - The company reported a profit for the period of HK$47,250,000, compared to HK$47,250,000 for the same period in 2022, indicating no change in net profit[57] Expenses and Costs - Administrative expenses decreased to HK$60,171,000, down 20.4% from HK$75,656,000 in the previous year[12] - Finance costs increased to HK$89,434,000, up 12.3% from HK$79,642,000 year-on-year[12] - Research and development expenses amounted to HK$6,782,000, down from HK$16,286,000 in the previous year, indicating a decrease of approximately 58.3%[65] - Interest on bank and other borrowings rose to HK$86,465,000 from HK$79,125,000, marking an increase of approximately 9.3%[61] - Interest on lease liabilities with related parties increased to HK$70,000 for the six months ended June 30, 2023, compared to HK$18,000 in the same period of 2022[131] Assets and Liabilities - As of June 30, 2023, total assets less current liabilities increased to HK$4,596,005,000 from HK$4,252,498,000 as of December 31, 2022, representing a growth of approximately 8.1%[20] - Net current assets rose to HK$932,327,000, up from HK$775,039,000, indicating an increase of about 20.3%[20] - Non-current assets totaled HK$3,663,678,000, compared to HK$3,477,459,000 at the end of 2022, reflecting a growth of approximately 5.3%[18] - Total equity decreased slightly to HK$1,664,349,000 from HK$1,693,430,000, a decline of approximately 1.7%[20] - Current liabilities decreased to HK$4,912,011,000 from HK$5,166,417,000, a reduction of about 4.9%[18] - The total liabilities of the Group were reported at HK$7,843,667,000, with segment liabilities for EPC and consultancy at HK$3,642,812,000[55] Cash Flow - For the six months ended June 30, 2023, the net cash outflows from operating activities were HK$231,474,000, compared to inflows of HK$270,029,000 in the same period of 2022[25] - The net cash inflows from investing activities were HK$355,885,000, a significant improvement from net outflows of HK$591,900,000 in the previous year[25] - The net cash inflows from financing activities increased to HK$684,456,000, up from HK$503,943,000 in the prior year[25] - The total cash and cash equivalents at the end of the period reached HK$1,749,712,000, compared to HK$920,527,000 at the end of June 2022, representing an increase of approximately 90%[25] - The effect of foreign exchange rate changes resulted in a decrease of HK$63,032,000 in cash and cash equivalents during the period[25] Segment Performance - For the six months ended June 30, 2023, the total segment revenue from external customers was HK$909,811,000, with reportable segment revenue amounting to HK$927,305,000[54] - The segment results showed a profit of HK$55,193,000 before income tax expense, with total assets reaching HK$9,508,016,000[55] - The EPC and consulting segment's revenue from external customers decreased by approximately 37.2% to HK$612,210,000, primarily due to strategic shifts towards self-built projects and reduced business scale in municipal EPC due to competitive pressures[163] - The Group's power generation business revenue increased by approximately 19.1% to HK$283,042,000, with segment profit rising by approximately 11.4% to HK$148,168,000[177] - The financing business recorded segment revenue from external customers of HK$14,559,000, representing an increase of approximately 31.8%, with segment profit of HK$1,330,000 compared to a loss of HK$40,000 in the previous year[180] Strategic Initiatives - The company plans to enhance technological innovation and industrial competitiveness in renewable energy, aligning with national goals for carbon neutrality[139] - The company aims to accelerate the construction of renewable energy projects, including wind power and photovoltaic bases, as part of its strategic initiatives[139] - The Group is focusing on the Greater Bay Area and the new energy industry, particularly in supporting the construction of photovoltaic power stations and energy storage[182] - CNEC Financial Leasing proposed a development strategy of "one core, two wings and three drives" to mitigate systematic risks and promote differentiated development[185] Environmental and Compliance - The Group is committed to minimizing environmental pollution while actively promoting green energy[189] - The Group did not violate any significant laws and regulations related to emissions and waste generation during the first half of 2023[195] - CNI (Nanjing) obtained ISO14001 and GB24001-2016 environmental management system certifications[190] - The Group has established a quality, environmental, and occupational health and safety management system in accordance with relevant standards[196]

B_table indent_4.5 mm N_table indent_4 mm 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之內容概不負責， 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之任何損失承擔任何責任。 CHINA NUCLEAR ENERGY TECHNOLOGY CORPORATION LIMITED 中國核能科技集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：611） 截至二零二三年六月三十日止六個月之 中期業績公告 財務概要 截至六月三十日止六個月 二零二三年 二零二二年 變動 （未經審核） （未經審核） 港幣千元 港幣千元 % 收益 909,811 1,224,210 (25.7) ...

Renewable Energy Development - In 2022, the Group achieved on-grid power generation of 193MW through independent investment and mergers and acquisitions, including an 80MW agricultural and photovoltaic complementary project in Yunnan[18]. - The Group increased the reserve of photovoltaic and wind power projects by 3,000MW in regions such as Yunnan and Guangdong, enhancing its renewable energy capacity[18]. - The Group obtained approval for a 200MW/400MWh independent energy storage power station project in Zhenkang, Yunnan, marking a significant advancement in its energy storage business[18]. - The Group focused on the investment, construction, and operation of new energy power stations, increasing the proportion of investments in photovoltaic and wind power stations[12]. - The Group's efforts in renewable energy are aligned with the global shift towards low-carbon energy sources, responding to the increasing global electricity demand and climate change challenges[17]. - The Group's photovoltaic and wind power projects received high recognition from local authorities, indicating strong governmental support for its initiatives[18]. - The Group's strategic focus on renewable energy is expected to contribute to its long-term growth and sustainability in the energy sector[17]. - The Group completed the construction of several photovoltaic projects, including an 80 MW project in Yunnan and a 60 MWh energy storage project in Inner Mongolia, enhancing its experience in energy storage[65]. - The Group plans to continue increasing investment and development efforts in photovoltaic and wind power projects during the "14th Five-Year Plan" period[146]. - The Company aims to actively cultivate the energy storage and hydrogen energy markets to seek new economic growth points[152]. Financial Performance - The Group's revenue for the year ended December 31, 2022, decreased by approximately 18.0% to HK$2,138,482,000, while profit attributable to owners increased by approximately 2.7% to HK$92,243,000[58]. - Basic earnings per share decreased by approximately 18.9% to HK5.55 cents from HK6.84 cents in the previous year[61]. - Revenue from the EPC and consultancy segment decreased by approximately 22.6% to HK$1,637,410,000, primarily due to a focus on internal power station development[63]. - The Group's revenue from the power generation segment grew by approximately 9.7% year-on-year, contributing HK$470,510,000 to the Group's total revenue[83][86]. - Profit for the year was HK$98,354,000, a decrease of approximately 6.9% from HK$105,674,000 in 2021, attributed to increased financial expenses and income tax[167]. - The net profit margin increased to 4.6% from 4.1% in 2021, with profit attributable to owners rising by approximately 2.7% to HK$92,243,000[168]. - Other income and gains increased to HK$45,622,000 from HK$31,197,000 in 2021, mainly from interest and dividend income[171]. Operational Capacity - The Group's total operational capacity was 598MW, with an annual power generation of 822 million KWh, an increase of 234 million KWh compared to 2021[23]. - Cumulative power generation from self-invested power stations reached 822.04 million KWh, with photovoltaic power stations generating 501.58 million KWh and wind farms generating 320.46 million KWh[76][80]. - The registered installed capacity was 2,338MW, with an increase of 193MW in self-owned power plants during the year[77][81]. - The annual equivalent utilization hours of wind power were assessed at 2,276 hours, exceeding the feasibility study target by 9.84%[77][80]. Market Trends and Government Policies - In 2022, newly installed PV power generation capacity in China reached a record high of 87.41 GW, representing a year-on-year increase of 59.3%[49]. - The cumulative installed PV power generation capacity in China reached 392.61 GW by the end of December 2022, ranking first in the world for 8 consecutive years[49]. - Newly grid-connected installed wind power capacity nationwide was 37.63 GW in 2022, with a cumulative installed capacity of 365.44 GW, accounting for 14.25% of the total installed wind power capacity[50]. - The Chinese government aims for the total installed capacity of wind power and solar power to exceed 1,200 million KW by 2030[39]. - By 2025, renewable energy consumption is expected to reach approximately 1,000 million tons of standard coal, representing around 18% of primary energy consumption[43]. Internal Management and Governance - The Group's governance structure and internal control have been improved, enhancing management capabilities and financial risk control[32]. - The Group established a Legal Affairs Department and a Discipline Inspection and Supervision Office to enhance internal control management and mitigate operational risks[131]. - The Group has implemented internal control measures, including credit risk assessment of customers, to manage its financial leasing and factoring business[105][106]. Strategic Partnerships and Investments - The introduction of strategic investors was completed, with Shenzhen New Nanshan Holding becoming the largest shareholder, which is expected to enhance the Group's new energy business through resource sharing and business synergy[11]. - The Group will strengthen cooperation with its shareholder's subsidiary to promote distributed photovoltaic projects[153]. Challenges and Future Outlook - The Group anticipates continued demand for PV installation in 2023, despite challenges from the international macro environment and fierce domestic competition[33]. - The Group's focus on ensuring the construction needs of self-invested projects remains consistent with previous years[153]. - The Group's focus on high-quality development includes optimizing development planning and improving top-level design[131].

B_table indent_4.5 mm N_table indent_4 mm 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之內容概不負責， 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之任何損失承擔任何責任。 CHINA NUCLEAR ENERGY TECHNOLOGY CORPORATION LIMITED 中國核能科技集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：611） 截至二零二二年十二月三十一日止年度之 全年業績公告 財務概要 截至財政年度 二零二二年 二零二一年 變動 截至十二月三十一日止年度 港幣千元 港幣千元 來自持續經營業務之收益 2,138,482 2,586,654 -17.3% 年內溢利 98,354 105,674 -6.9% 每股基本及攤薄盈利（每股港仙） ...