Financial Performance - The Group's revenue for 2024 was RMB 8,577 million, representing a 47.36% increase compared to RMB 5,568 million in 2023[13]. - The Group's profit for 2024 was RMB 557 million, reflecting an 18.01% increase from RMB 472 million in 2023[13]. - The company recorded revenue of approximately RMB 7,011 million and net profit of approximately RMB 557 million for the year ended December 31, 2024[32]. - Revenue for the Year was approximately RMB 7,011 million, up from RMB 5,568 million in 2023, representing a growth of around 25.8%[114]. - EBITDA for the Year was approximately RMB 5,622 million, compared to RMB 4,559 million in 2023, marking an increase of approximately 23.3%[114]. - The Group recorded a net profit of approximately RMB 557 million for the Year, an increase from RMB 472 million in 2023[113]. Asset and Capacity Overview - The total assets of the Group decreased to RMB 90,036 million in 2024, down 13.81% from RMB 102,469 million in 2023[13]. - As of December 31, 2024, the Group owned 166 solar power plants, 38 wind power plants, 26 hydro power plants, and 3 energy storage power stations, with a total grid-connected installed capacity of approximately 12,639 MW and total electricity generation of approximately 17,674,684 MWh for the entire year[6]. - The Group's grid-connected installed capacity expanded from approximately 8,577 MW as of December 31, 2023, to approximately 12,639 MW, reflecting a growth of about 47.36%[114]. - The total electricity generation volume from the Group's associate-held power plants was approximately 1,745,473 MWh, with an aggregate grid-connected installed capacity of approximately 862 MW[6]. - The Group's solar power plants increased from 140 in 2023 to 166 in 2024, while wind power plants rose from 28 to 38[81]. Strategic Development and Goals - The Group aims to establish a clean energy industrial ecosystem characterized by green energy and smart collaboration, focusing on national layout and worldwide development[9]. - The Group plans to continue leveraging opportunities from the transformational changes in the international energy industry to maximize shareholder value[11]. - The Group's strategic focus includes rapid quality development and the construction of a sustainable clean energy ecosystem[9]. - The company aims to become a respected international clean energy ecosystem investor and operator, focusing on green development and optimizing existing assets[171]. - The year 2025 is critical for the Company to achieve high-quality development under the "14th Five-Year Plan"[170]. Environmental Impact and Sustainability - The company achieved a reduction of 16,157.6 thousand tons in carbon dioxide emissions[50]. - A total of 882,927.4 thousand trees were planted as part of the green energy initiatives[49]. - The company plans to establish a clean energy industrial ecosystem characterized by green energy and smart collaboration[181]. - The company is committed to high standards of corporate governance to enhance sustainability and protect shareholder interests[183]. Financing and Investment - The company has reduced its weighted average annual interest rate for borrowings to approximately 3.73% in 2024, down from 4.04% in 2023, due to refinancing high-interest loans[100]. - In June 2024, the company secured RMB 800 million through privately-offered perpetual medium-term notes at a fixed distribution rate of 3.69% per annum[101]. - In December 2024, the company entered into an investment contract to receive RMB 1,500 million at a fixed distribution rate of 3.285% per annum, with approximately RMB 130 million already applied for working capital[105]. - The Group is actively seeking financing opportunities to lower the cost of funds and improve liquidity, with total borrowings amounting to RMB 68,623 million as of December 31, 2024[134]. Corporate Governance and Management - The Group's corporate culture emphasizes inclusivity and has led to significant achievements in project development and operational management over the past five years[21]. - The company emphasizes comprehensive cost control and project evaluations to optimize project-level performance[180]. - The company is committed to high standards of corporate governance to enhance sustainability and protect shareholder interests[183]. Operational Efficiency - The average electricity tariff per kWh across all power plants is RMB 0.40[98]. - The average tariff per kWh (net of VAT) decreased to approximately RMB0.40 from RMB0.46 in 2023, primarily due to the increased share of grid-parity solar and wind power generation[115]. - The Group's EBITDA margin ratio decreased by approximately 2% from approximately 82% for the year ended December 31, 2023, to approximately 80% for the current year, primarily due to additional operating expenses[137]. Future Outlook - The company aims to monitor developments in national policies and green hydrogen markets to prepare for future opportunities in the new energy industry[177]. - The strategic layout includes projects like "Jidian into Beijing" and "Mengdian into Beijing" to utilize resources effectively[178]. - The company will deepen its presence in Yunnan and Xizang for hydro power development, completing feasibility studies for 5 cascade power stations in Dongyuan area[177].

智通财经APP讯，北京能源国际(00686)发布截至2024年12月31日止年度业绩，集团收入人民币70.11亿 元，同比增长25.92%;股东应占溢利约8600万元，同比增长约104.76%;每股盈利3.88分;拟派末期股息每 股10港仙。 集团加快清洁能源规模化扩充的发展步伐，积极通过自主开发及并购拓展太阳能、风力、水力发电业务 及储能业务的管理规模，同时不断提升对其清洁能源发电业务的管理水平。于2024年12月31日，集团拥 有166个(2023年：140个)太阳能发电站、38个(2023年：28个)风力发电站、26个(2023年：26个)水力发电 站及3个(2023年：1个)储能电站，总并网装机容量约12,639兆瓦(2023年：约8,577兆瓦)。于2024年12月 31日，除了2个位于澳洲的风力发电站及1个位于越南的风力发电站外，集团其余的发电站均位于中华人 民共和国。于本年度，集团于中国的发电站遍布在28个(2023年：26个)不同省份。此外，于2024年12月 31日，集团通过联营公司持有3个(2023年：2个)太阳能发电站、3个(2023年：1个)风力发电站及2个 (2023年：2个)水力发 ...

Capacity and Generation Growth - The total installed capacity of the group increased to approximately 12,639 MW as of December 31, 2024, up from about 8,577 MW in 2023, representing a growth of approximately 47.4%[4] - The total electricity generation from the group's power stations rose significantly from approximately 11,994,209 MWh in 2023 to about 17,674,684 MWh in 2024, marking an increase of approximately 47.4%[7] - The group owns 166 solar power stations, 38 wind power stations, 26 hydroelectric power stations, and 3 energy storage stations as of December 31, 2024, compared to 140, 28, 26, and 1 respectively in 2023[4] - The group has expanded its power generation presence across 28 provinces in China as of December 31, 2024, up from 26 provinces in 2023[4] - The company operates a total of 169 power stations with a combined installed capacity of 13,501 MW and generated revenue of RMB 19,420.157 million[10] Financial Performance - The company recorded a net profit of approximately RMB 557 million for the year, an increase from RMB 472 million in 2023, primarily due to increased electricity sales[16] - Revenue and EBITDA for the year were approximately RMB 7,011 million and RMB 5,622 million, respectively, compared to RMB 5,568 million and RMB 4,559 million in 2023, reflecting an increase attributed to a 47.4% growth in installed capacity from approximately 8,577 MW to 12,639 MW[17] - The average electricity price per kWh (excluding VAT) decreased to approximately RMB 0.40 from RMB 0.46 in 2023, mainly due to the increased proportion of grid-connected solar and wind power projects[17] - The company reported total revenue of RMB 7,011 million for the year ended December 31, 2024, representing a 25.8% increase from RMB 5,568 million in 2023[45] - EBITDA for the year was RMB 5,622 million, compared to RMB 4,559 million in 2023, indicating a growth of 23.3%[45] Financing and Debt Management - The weighted average interest rate for bank and other borrowings decreased to approximately 3.73% in 2024 from 4.04% in 2023, primarily due to refinancing high-interest loans with low-interest RMB borrowings[12] - The company raised RMB 800 million through privately placed perpetual medium-term notes at a fixed interest rate of 3.69%, which was fully used to repay borrowings[12] - The company completed two batches of medium-term notes issuance totaling RMB 1,000 million, with fixed interest rates of 2.35% and 3.00%, to repay debts[13] - The company registered a total of RMB 5,000 million in perpetual medium-term notes in July 2023, with subsequent issuances in 2024 totaling RMB 3,500 million at interest rates ranging from 2.33% to 2.68%[14] - The total bank and other borrowings amounted to approximately RMB 68,582 million, with about RMB 20,646 million due within the next twelve months[55] Operational Efficiency and Management - The company aims to enhance its management level of clean energy generation businesses while accelerating the scale expansion of clean energy[4] - The company is focused on capital-intensive operations and continues to explore financing options to reduce costs and support future business expansion[12] - The company aims to enhance its operational efficiency and cost control, focusing on profit contribution and maintaining strict project cost management[43] - The company plans to continue expanding its operational capacity and improving management efficiency to support future growth[17] - The EBITDA margin decreased from approximately 82% to about 80% due to the expansion of power generation business and additional operating expenses[26] Asset and Liability Management - As of December 31, 2024, the group recorded current assets of approximately RMB 16,602 million and current liabilities of approximately RMB 28,976 million[28] - The debt to equity ratio decreased to 73.5% from 76.7% in the previous year, primarily due to the issuance of perpetual medium-term notes[29][30] - The company reported a cash and cash equivalents balance of RMB 5,195 million in 2024, down from RMB 6,187 million in 2023, indicating a decrease of approximately 16%[50] - The total liabilities increased to RMB 79,809 million in 2024 from RMB 72,973 million in 2023, representing a growth of about 9%[51] - The group has cash deposits totaling approximately RMB 5,604 million as of December 31, 2024[31] Strategic Development and Future Plans - The group is focusing on the development of solar, wind, hydroelectric, and energy storage businesses while enhancing the diversity of its clean energy portfolio[6] - The company plans to expand its business in the hydropower sector, particularly in Yunnan and Tibet, and is working on preliminary studies for multiple hydropower projects[43] - The company is committed to following the national "dual carbon" strategy and aims to become a respected international clean energy investment operator[41] - The company has a strategy to identify suitable investment opportunities for acquiring promising renewable energy projects that can provide stable returns[101] - The group plans to reduce leverage through strategic partnerships to lower capital expenditures and future debt to equity ratios[30] Shareholder and Dividend Information - A share consolidation was conducted on November 1, 2024, changing the par value from HKD 0.10 to HKD 1.00 per share, maintaining the authorized share capital at HKD 3 billion[24] - The company proposed a final dividend of HKD 0.10 per share for the year, subject to shareholder approval at the upcoming annual general meeting[92] - The final dividend declared for the year ended December 31, 2023, is HKD 1.00 per share, totaling approximately HKD 223 million (around RMB 196 million), which is consistent with the previous year's dividend[91] - The board proposed a final dividend of HKD 0.10 per ordinary share, equivalent to approximately RMB 0.092, compared to HKD 0.01 (approximately RMB 0.0091) in 2023[110] - The proposed final dividend is subject to approval at the annual general meeting scheduled for June 18, 2025[110] Compliance and Governance - The company has maintained compliance with all applicable corporate governance codes during the year, ensuring high standards of corporate governance[107] - The company has not reported any significant events after the date of the financial position statement, indicating stability in its operations[104] - The company is currently assessing the impact of the new standards on its consolidated income statement and cash flow statement structure[66] - The company plans to enhance its financial reporting by introducing new performance metrics defined by management, which will be disclosed separately in the financial statements[67] - The company has identified its operating segments based on the nature of products sold or services provided, which include solar, wind, and hydropower generation[68]

* 京能集团 北京能源國際控股有限公司 Beijing Energy International Holding Co., Ltd. (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) Stock Code 股份代號：686 2024 INTERIM REPORT 中期報告 CONTENTS 目錄 Corporate Information 公司資料 Management Discussion and Analysis 管理層討論與分析 5 Interim Condensed Consolidated Statement of Profit or Loss 中期簡明綜合損益表 21 Interim Condensed Consolidated Statement of Comprehensive Income 中期簡明綜合全面收益表 23 Interim Condensed Consolidated Statement of Financial Position 中期簡明綜合財務狀況表 24 Interim Condensed Co ...

Power Generation Capacity and Development - The total installed capacity of the group's power stations increased to approximately 10,045 MW as of June 30, 2024, up from about 8,577 MW as of December 31, 2023, representing a growth of approximately 17.1%[2] - The group owns 153 solar power stations, 34 wind power stations, 26 hydroelectric power stations, and 1 energy storage station as of June 30, 2024, compared to 140 solar and 28 wind power stations as of December 31, 2023[2] - The group holds development rights for hydroelectric power projects with an estimated capacity of approximately 5 GW, with 75% ownership in the project company[3] - The group plans to continue focusing on the development of solar, wind, and hydroelectric power businesses, as well as energy storage, to enhance the diversity of its clean energy portfolio[3] - The group has expanded its operational footprint to 27 different provinces in China as of June 30, 2024, up from 26 provinces as of December 31, 2023[2] - The group has a total of 219 power stations, with a combined installed capacity of 10,621 MW, compared to 167 power stations and 7,698 MW capacity in the previous year[5] - The group is awaiting approvals for preliminary work on hydroelectric power projects before construction begins[3] Electricity Generation and Revenue - The total electricity generation for the period was approximately 7,590,356 MWh, a significant increase of about 49.5% compared to approximately 5,078,765 MWh for the same period in 2023[4] - Revenue and EBITDA for the period were approximately RMB 3,272 million and RMB 2,686 million, respectively, compared to RMB 2,574 million and RMB 2,129 million last year, reflecting an increase of about 27.1% and 26.2%[9] - The total electricity generation for the period was approximately 8,242,187 MWh, generating revenue of RMB 3,495 million[7] - Solar power business generated revenue of RMB 2,168 million, wind power business generated RMB 747 million, and hydropower business generated RMB 357 million for the six months ended June 30, 2024[51] - The company's revenue from China for the six months ended June 30, 2024, was RMB 3,123 million, compared to RMB 2,548 million for the same period in 2023, reflecting a growth of approximately 22.5%[54] Financial Performance - The company recorded a net profit of approximately RMB 292 million for the period, an increase from RMB 247 million for the same period last year, primarily due to increased electricity sales[9] - The net profit attributable to shareholders for the first half of 2024 was RMB 292 million, compared to RMB 247 million in the same period of 2023, marking an increase of 18.2%[32] - The company's profit attributable to shareholders for the six months ended June 30, 2024, was RMB 33 million, a decrease of 69% from RMB 107 million in the same period of 2023[59] - Basic and diluted earnings per share for the six months ended June 30, 2024, were RMB 0.15, down 69% from RMB 0.48 in the same period of 2023[59] Financing and Debt Management - The company successfully registered a total of RMB 5,000 million in perpetual medium-term notes in the interbank market, with fixed interest rates of 3.0% and 2.9% for the fourth and fifth batches issued[8] - As of June 30, 2024, the actual annual interest rate for bank and other borrowings was approximately 3.77%, down from 3.92% at the end of 2023, due to refinancing arrangements[8] - Total borrowings increased from RMB 62,706 million to RMB 69,666 million, with net debt rising to RMB 60,986 million from RMB 56,243 million[19] - The debt-to-EBITDA ratio rose to approximately 22.7 from 20.3, indicating a longer period required to repay debts under unchanged net debt and EBITDA conditions[17] - Total bank and other borrowings amounted to approximately RMB 69,724 million, with RMB 22,827 million due within the next 12 months[40] - The group is in discussions with several banks to raise approximately RMB 15,000 million in unused short-term or long-term financing[41] Asset Management - The company reported total assets of RMB 101,802 million as of June 30, 2024, compared to RMB 90,036 million at the end of 2023, indicating a growth of 13.5%[35] - The company’s non-current assets increased to RMB 78,667 million as of June 30, 2024, from RMB 72,318 million at the end of 2023, reflecting a growth of 8.5%[35] - The company’s total equity reached RMB 20,438 million as of June 30, 2024, compared to RMB 17,063 million at the end of 2023, an increase of 19.5%[36] - The group has capital commitments of approximately RMB 6,748 million related to the construction of solar and wind power plants with a total expected capacity of about 5.3 GW[40] Operational Efficiency - The average utilization hours for solar power stations were 669 hours, while wind power stations had an average of 1,045 hours for the period ending June 30, 2024[5] - The EBITDA margin decreased from approximately 83% to about 82%, primarily due to the expansion of power generation operations and additional operating expenses[16] - The operating cash flow to net debt ratio remained stable at around 2.7 for the periods ending June 30, 2024, and June 30, 2023[17] - The interest coverage ratio improved to approximately 2.61 from 2.19, reflecting better capacity to cover interest expenses[17] Strategic Initiatives - The company plans to enhance its clean energy industry layout, focusing on wind, solar, hydropower, hydrogen energy, and integrated energy development[29] - The company aims to align with the national "dual carbon" strategy and expand its clean energy industry chain, forming a new development pattern of "energy + intelligent computing"[29] - The company plans to accelerate the development of green fuel projects, focusing on hydrogen energy as a key solution for achieving a zero-carbon society[30] - The company is actively exploring new models for energy storage to participate in grid auxiliary services and spot trading, contributing to national energy security[30] Employee and Operational Metrics - The group employed 1,856 full-time employees as of June 30, 2024, with total employee benefits expenses amounting to approximately RMB 251 million[26] - Accounts receivable and notes receivable increased to RMB 527 million from RMB 294 million, while electricity price subsidy receivables rose to RMB 10,045 million from RMB 8,577 million[13] - The total amount of accounts receivable and electricity price subsidy receivables was RMB 10,329 million as of June 30, 2024, compared to RMB 8,217 million as of December 31, 2023, reflecting a 26% increase[63] Acquisitions and Investments - The group completed the acquisition of 100% equity in Heshun Runeng New Energy Co., Ltd. for approximately RMB 149 million on April 3, 2024, making it a wholly-owned subsidiary[22] - The company completed the acquisition of 26 power plants in China, enhancing its renewable energy portfolio and expanding its business scale in the renewable energy sector[74] - The company plans to acquire 29.43% equity in United Photovoltaics Changzhou for approximately RMB 3.02 billion, increasing its ownership from 70.57% to 100%[77] Dividends and Share Repurchase - The company declared a final dividend of HKD 0.01 per ordinary share for the year ended December 31, 2023, totaling approximately RMB 196 million, compared to RMB 199 million for the year ended December 31, 2022[62] - The company repurchased a total of 130 million ordinary shares during the period, with a total cost of approximately RMB 27.3 million[67] - The company did not declare or pay any interim dividends for the period[63]

x 京能集团 北京能源國際控股有限公司 Beijing Energy International Holding Co., Ltd. (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) Stock Code 股份代號：686 ANNUAL REPORT 2023 年 報 CONTENTS 目錄 CONTENTS 目錄 CONTENTS 目錄 | --- | --- | --- | --- | --- | |----------------------------------------------------------|-------|-------|--------------------------------------------------------|---------| | Company Profile | 2 | | Consolidated Statement of | | | 公司概況 | | | Comprehensive Income | 141 | | | | | 綜合全面收益表 | | | Corpo ...

Capacity and Generation Growth - The total installed capacity of the group's power stations increased to approximately 8,577 MW as of December 31, 2023, up from about 5,603 MW in 2022, representing a growth of approximately 53.5%[2] - The total electricity generation from the group's power stations rose significantly to about 11,994,209 MWh for the year, marking an increase of approximately 68% from about 7,141,204 MWh in the previous year[4] - The group owns 140 solar power stations, 28 wind power stations, 26 hydropower stations, and 1 energy storage station as of December 31, 2023, compared to 105 solar, 20 wind, and no hydropower stations in 2022[2] - The average utilization hours for solar power stations increased to 1,413 hours in 2023 from 1,353 hours in 2022, while wind power stations saw an increase to 2,769 hours from 2,560 hours[5] - The group has a total of 195 power stations under its subsidiaries, compared to 125 in the previous year, reflecting a significant expansion in its operational capacity[5] Strategic Development and Acquisitions - The group is strategically developing and acquiring power stations to achieve predetermined minimum return rates, considering factors such as sunlight, wind speed, water resources, and applicable feed-in tariffs[2] - The group aims to enhance the management level of its clean energy generation business through active development and acquisitions in solar, wind, and hydropower sectors[2] - The group plans to continue focusing on the development of solar, wind, hydropower, and energy storage businesses in the short term while diversifying its clean energy portfolio in the long term[3] - The company acquired 25% of Moorabool Wind Farm for approximately AUD 85 million (RMB 403 million) and an additional 26% for about AUD 95 million (RMB 462 million)[29] - The company invested RMB 885 million in Baoshan Energy to acquire approximately 65.7% equity, gaining control over 26 hydropower stations with a total installed capacity of 952 MW[29] Financial Performance - The company recorded a net profit of approximately RMB 472 million for the year, remaining stable compared to RMB 472 million in 2022[12] - Revenue and EBITDA for the year were approximately RMB 5,568 million and RMB 4,559 million, respectively, representing increases from RMB 4,115 million and RMB 3,465 million in 2022, attributed to a 53.1% increase in installed capacity from approximately 5,603 MW to 8,577 MW[13] - The company’s total comprehensive income for the year was RMB 398 million, compared to RMB 83 million in 2022, indicating significant growth[42] - The company reported a profit of approximately RMB 472 million for the year ending December 31, 2023[50] - The company reported a net profit attributable to shareholders of RMB 42 million for 2023, a significant decrease of 84.4% compared to RMB 269 million in 2022[71] Financing and Debt Management - The actual annual interest rate for bank and other borrowings decreased to approximately 3.92% from 4.18% in 2022, due to refinancing high-interest loans with low-interest RMB borrowings[9] - The company successfully issued asset-backed commercial paper totaling RMB 1,000 million, diversifying its financing channels and reducing accounts receivable[9] - Total borrowings increased from RMB 44,145 million to RMB 63,049 million, with net debt rising from RMB 36,122 million to RMB 56,243 million[26] - Total bank and other borrowings amounted to approximately RMB 62,773 million, with RMB 20,759 million due within the next twelve months[50] - The company is focused on enhancing its financing capabilities and reducing costs through various financing channels[9] Asset and Liability Management - The total assets as of December 31, 2023, amounted to RMB 90,036 million, compared to RMB 60,328 million in 2022, reflecting a 49.3% increase[44] - Non-current assets increased to RMB 72,318 million from RMB 41,463 million, representing a 74.4% growth year-over-year[44] - The company has capital commitments of approximately RMB 8,985 million, primarily related to the construction of solar and wind power plants with a total expected capacity of about 5 GW[50] - The company’s total liabilities include RMB 21,817 million from the solar power segment, RMB 12,989 million from the wind power segment, and RMB 4,284 million from the hydropower segment[60] - As of December 31, 2023, the company's current liabilities exceeded current assets by approximately RMB 10,679 million[50] Operational Efficiency and Challenges - EBITDA margin decreased from approximately 84% to about 82% due to additional operating expenses from business expansion[22] - Debt to EBITDA ratio increased from approximately 10.3 to about 12.3, indicating a longer period required to repay debt[22] - Operating cash flow to net debt ratio declined from approximately 5.8% to about 4.8%, reflecting reduced ability to cover debt with operating income[24] - Interest coverage ratio remained stable at approximately 2.49, indicating consistent ability to pay interest on debt[24] - The company recognized impairment losses of approximately RMB 163 million for property, plant, and equipment, compared to none in 2022, due to indications of impairment[17] Market and Regulatory Environment - The company expects developments in national policies regarding renewable energy subsidy arrears to alleviate the situation of overdue subsidies[20] - The company received electricity price subsidies of approximately RMB 1,352 million in the current year, down from RMB 1,771 million in the previous year, indicating a decrease of about 23.5%[80] - The company anticipates improvements in the collection of overdue renewable energy subsidies due to expected policy developments from authorities[80] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not have a significant impact on the financial statements[53] Shareholder and Corporate Governance - The board proposed a final dividend of HKD 0.01 per share, equivalent to approximately RMB 0.091, consistent with the previous year's dividend[97] - The company repurchased approximately 66 million ordinary shares during the year at a total cost of about RMB 13.6 million, compared to RMB 6 million in the previous year[84] - The company will suspend share transfer registration from June 13, 2024, to June 18, 2024, to determine the rights of shareholders attending the 2024 Annual General Meeting[98] - The company will also suspend share transfer registration from June 24, 2024, to June 26, 2024, to determine the rights to receive the final dividend[98] - The board expresses gratitude to all stakeholders for their contributions during the year[100]

智通财经APP讯，北京能源国际(00686)发布公告，董事会辖下的可持续发展委员会(可持续发展委员会) 已于2024年2月1日设立。 据悉，可持续发展委员会的主要职责及责任为监察集团有关可持续发展事宜的愿景、策略、政策、系统 及实践的制定及实施，并向董事会提出建议，以促进集团可持续发展事宜的发展及执行;推动集团高质 量及可持续的发展及增长;及将可持续发展融入贯穿于集团的生产、营运及企业文化中。 可持续发展委员会由三名成员组成，包括执行董事张平、非执行董事苏永健及独立非执行董事靳新彬， 且张平为可持续发展委员会主席。 ...

Operational Performance - As of June 30, 2023, the Group operated 113 solar power plants, 21 wind power plants, and 26 hydropower plants, with a total grid-connected installed capacity of approximately 6,809.80 megawatts (MW), an increase from approximately 5,603.44 MW as of December 31, 2022, representing a growth of about 21.5%[10] - The total electricity generated by the Group's power plants increased significantly from approximately 3,322,474 megawatt-hours (MWh) for the six months ended June 30, 2022, to approximately 5,078,765 MWh for the same period in 2023, marking an increase of approximately 53%[18] - The number of wind power plants operated by the Group increased from 20 to 21, and the number of hydropower plants increased from none to 26 during the reporting period[10] - The Group's associates hold an additional 2 solar power plants, 3 wind power plants, and 2 hydropower plants, with a total grid-connected installed capacity of approximately 887.30 MW as of June 30, 2023, up from approximately 223.80 MW as of December 31, 2022[10] - The company operates a total of 167 power plants, with an installed capacity of 7,697.10 MW and a total generation volume of 5,820,364 MWh for the six months ended June 30, 2023[30] - Solar power plants contributed 3,447,375 MWh to the total generation, while wind power plants generated 1,122,317 MWh, and hydropower plants produced 509,073 MWh[24] Financial Performance - Revenue increased to approximately RMB2,574 million, up from RMB1,985 million, representing a growth of about 29.6% year-on-year[45] - EBITDA for the period was approximately RMB2,129 million, compared to RMB1,679 million in the previous year, reflecting a year-on-year increase of approximately 27%[45] - The Group recorded a net profit of approximately RMB247 million for the period, a decrease from RMB286 million in the same period last year, primarily due to increased finance costs[44] - The average electricity tariff per kWh for the company's power plants was RMB 0.51 for the six months ended June 30, 2023, with total revenue of RMB 2,828 million[30] - The profit attributable to equity holders of the company was RMB 107 million, compared to RMB 181 million in the previous year, indicating a decrease of 40.8%[144] Financing and Capital Management - The effective interest rate for bank and other borrowings as of June 30, 2023, was approximately 4.25%, up from 4.18% at the end of 2022, due to rising US borrowing rates[33] - The Group successfully issued Asset-Backed Commercial Papers (ABCP) totaling approximately RMB 1,000 million in March 2023, diversifying its fundraising channels[34] - The Group is exploring various financing channels to enhance its financing capability and reduce finance costs, reflecting its strategic focus on improving financial health[33] - The Group's total borrowings amounted to RMB 49,307 million, with RMB 10,841 million due within one year[63] - The Group's treasury policy aims to lower funding costs and manage exposure to interest rate fluctuations[72] Asset and Liability Management - As of June 30, 2023, the Group recorded current assets of approximately RMB 18,229 million and current liabilities of approximately RMB 15,989 million[71] - The total assets increased to RMB 68,726 million as of June 30, 2023, up from RMB 60,328 million as of December 31, 2022, reflecting a growth of approximately 13.3%[151] - Total liabilities as of June 30, 2023, were RMB 56,369 million, an increase from RMB 50,145 million as of December 31, 2022[196] - The gearing ratio remained stable at 77.8% as of June 30, 2023, compared to 78.0% as of December 31, 2022[80] - The debt to EBITDA ratio increased to approximately 20.3 as of June 30, 2023, compared to approximately 18.4 on June 30, 2022[68] Strategic Focus and Future Plans - The Group plans to continue focusing on the development of solar, wind, and hydropower businesses in the short term while diversifying its clean energy portfolios for long-term energy supply[17] - The company aims to focus on large-scale clean energy projects and integrated projects of source, grid, load, and storage, emphasizing the transformation application scenarios for large-scale green power[122] - The company will establish a green hydrogen and downstream product market, focusing on the integrated construction of bases for wind and solar energy and hydrogen-produced green ammonia[128] - The company is committed to digital transformation, leveraging strengths in the green electricity sector to expand into new sectors and businesses[132] - The company aims to improve its capital operations to enhance asset value, focusing on equity capital introduction and asset securitization strategies[135] Employee and Operational Costs - The total employee benefits expenses for the period amounted to approximately RMB198 million, an increase from approximately RMB161 million as of June 30, 2022[99] - The Group's EBITDA margin ratio decreased from approximately 85% for the six months ended June 30, 2022, to approximately 83% for the current period, primarily due to increased operating expenses[65] - Total finance costs rose significantly by approximately 53.6%, from RMB692 million to RMB1,063 million, due to increased average financing scale and higher US$ borrowing rates[47] Market and Industry Context - As of the first half of 2023, China's installed capacity of renewable energy reached 1.322 billion kilowatts, marking a year-on-year increase of 18.2% and accounting for approximately 48.8% of the nation's total installed capacity[117] - The National Energy Administration of the PRC has identified four major characteristics of the new power system: safety and efficiency, clean and low-carbon, flexibility and adaptability, and smart integration[116] - The newly grid-connected installed capacity of wind power and photovoltaic power exceeded 100 million kilowatts, further accelerating large-scale development in China's energy sector[117]

[0 -> 17] 女士們先生們大家好歡迎各位參加北京能源國際控股有限公司2023年中期業績交流會北京能源公司與香港聯交所主板上市 [17 -> 35] 票代码为00686.HK公司主要从事光伏发电、风电、水电等清洁能源以及氢能、储能、综合能源等领域的项目投资运营业务范围遍布全国24个 [36 -> 54] 以及澳大利亚、越南等RCEP国家海外新能源市场公司取得惠誉国际信用评级A级标普国际信用评级BBB加级联合资讯境内信用评级3A级 [54 -> 81] 希望通过今日的推介使线上线下的来宾能够对公司的业务以及未来发展潜力有一个全面的了解首先请允许我介绍今天出席的管理层代表他们是董事会主席张平先生高级副总裁刘东升先生首席财务官黄慧先生 [83 -> 112] 好的今天的会议主要分为五个环节第一个及第二个环节我们将有请公司董事会主席张平先生介绍公司情况和经营亮点第三个环节由公司首席财务官黄慧先生回顾2023上半年的财务状况第四个以及第五个环节将由公司高级副总裁刘东升先生介绍公司发展机遇以及 [112 -> 141] 未来发展策略最后我们将设有问答以及交流的环节下面有请公司董事会主席张平先生开始今天的会议好的谢谢大 ...