Financial Performance - Revenue for the six months ended 30 June 2024 was RMB 1,693,242 thousand, a significant decrease compared to RMB 3,472,597 thousand in the same period of 2023[4] - Gross profit for the six months ended 30 June 2024 was RMB 21,965 thousand, a sharp decline from RMB 233,784 thousand in the same period of 2023[4] - The Group reported a loss of RMB 101,719 thousand for the six months ended 30 June 2024, compared to a profit of RMB 127,146 thousand in the same period of 2023[4] - Basic loss per share attributable to ordinary equity holders of the parent was RMB 3.04 cents for the six months ended 30 June 2024, compared to earnings of RMB 3.01 cents in the same period of 2023[4] - The Group's revenue decreased by 51.2% from approximately RMB3,472.6 million in H1 2023 to approximately RMB1,693.2 million in H1 2024, primarily due to reduced photovoltaic module shipments and a sharp decline in module prices[40] - Gross profit margin dropped to 1.3% in H1 2024 from 6.7% in H1 2023, representing a 5.4 percentage point decrease, mainly due to declining module prices and inventory write-downs[41] - Sales cost decreased from RMB 3,238.8 million in H1 2023 to RMB 1,671.3 million in H1 2024, primarily due to reduced shipments of photovoltaic modules[44] - Gross profit dropped by 90.6% to RMB 22.0 million in H1 2024, with gross margin declining from 6.7% to 1.3% due to sharp price declines and inventory impairment[44] - Loss attributable to owners of the parent was RMB 101.1 million in H1 2024, compared to a profit of RMB 99.9 million in H1 2023, mainly due to decreased revenue and gross profit[47][52] - The Group's loss before tax for the six months ended 30 June 2024 was RMB122,207,000, compared to a profit of RMB121,369,000 in the same period in 2023[118] - The Group reported a basic loss per share of RMB101,147,000 for the six months ended 30 June 2024, compared to a profit of RMB99,909,000 for the same period in 2023[124] Photovoltaic Industry Trends - Global PV demand is expected to increase slightly by 0–12% in 2024, with the number of gigawatt-scale markets expected to reach 39[5] - The PV industry in China has entered a stage of steady growth after a reshuffle, with the market gradually returning to rationality from explosive growth[5] - China's newly installed PV capacity in the first half of 2024 reached 102.5 GW, a year-on-year increase of 30.7%[6] - Cumulative installed solar power generation capacity in China reached approximately 710 million KW by the end of June 2024, a year-on-year increase of 51.6%[6] - China's PV module output is expected to exceed 750 GW in 2024, a year-on-year increase of 50.3%[7] - Global PV module demand is expected to reach 570 GW to 620 GW in 2024, with a growth rate of around 25%[9] - Europe's PV module demand is expected to increase by around 20% in 2024, reaching 97 GW to 115 GW[10] - The US commissioned 251 new solar power units with a total installed capacity of 10,669 MW from January to May 2024, accounting for 74% of total installed capacity[12] - India installed 12,156 MW of photovoltaic systems in the first half of 2024, a significant increase compared to the previous year[13] - The US solar module production capacity increased by 11 GW in the first quarter of 2024, the largest quarterly increase in history[12] - India plans to achieve 337 GW of renewable energy installations from 2026 to 2027, with PV accounting for more than 50%[13] - US solar module capacity increased by 11 GW in Q1 2024, marking the largest quarterly increase in history[14] - US added 251 solar units from January to May 2024, with a total installed capacity of 10,669 MW, accounting for 74% of total new capacity[14] - India installed over 85 GW of solar capacity, with 12,156 MW added in the first half of 2024, a 400% YoY increase[14] - India aims to achieve 337 GW of renewable energy capacity by 2026-2027, with solar accounting for over 50%[14] Group Operations and Production Capacity - The Group's module production capacity reached 9.8GW as of the end of June 2024[3] - Total production capacity of the company's production bases reached 9.8 GW as of June 2024, with 8.0 GW located in Yancheng, Jiangsu[22][24][25] - The company's monocrystalline module products, including N-type and P-type high-efficiency modules, large-format modules, and flexible modules, have become mainstream in the market[23][26] - The company has introduced SHARP's 40-year quality assurance system for photovoltaic products, ensuring stable and reliable product quality[28] - The company's module sales are primarily to large state-owned enterprises and international multinationals, including State Power Investment Corporation and SHARP Corporation[27] - The company is actively expanding its photovoltaic system business, including EPC, BAPV, and BIPV, leveraging national policies promoting green buildings and carbon neutrality[29] - The company's Yancheng production base benefits from local government preferential policies and reduced capital expenditure through plant rentals[24] - The company's products have been recognized with multiple industry awards, including being ranked No. 14 in the 2024 China Photovoltaic Module Enterprises Top 20[21] - The company's module production technology and processes have been refined since 2009, focusing on high-efficiency monocrystalline products[23][26] - The company anticipates broad development prospects for its BIPV business due to the large building volume and potential for distributed photovoltaic generation in China[29] - The Group's photovoltaic system business includes traditional distributed power station EPC, BAPV, and BIPV, with BIPV expected to have broad development prospects due to China's green building policies[30] - The Group has signed an industry-school cooperation agreement with Southeast University to establish a BIPV R&D line, aiming to enhance photoelectric conversion efficiency and lower production costs[31] - The BIPV structural components developed by the Group have obtained over 20 patent authorizations, enhancing market competitiveness and technical strength[32] - The Group's module production lines can produce large-format modules (182mm/210mm) with power exceeding 710W, maintaining a leading position in automation and packaging technology[38] - The Group has completed capacity upgrades and new high-efficiency capacity investments since 2018, significantly improving production efficiency and cost-effectiveness[37] - Large-format modules (182mm/210mm) have become mainstream products, with market share far exceeding smaller sizes, and the Group's production lines are fully capable of manufacturing these sizes[38] - The Group is developing advanced technologies including N-type HJT, perovskite, BIPV, offshore floating modules, and flexible modules to enhance product competitiveness[38] - The Group maintains a strong client base in China and overseas, with increasing market demand expected to stabilize module price declines[39] - Production costs are expected to decrease further due to government policy support and optimized production processes at the Group's main production base[39] - The Group is implementing flexible sales strategies to accelerate inventory turnover and improve operational efficiency[39] Semiconductor Business - The semiconductor business showed growth in H1 2024 due to increased customer orders following market adjustments and destocking[33] - The Group plans to increase R&D and production of 8-inch semiconductor monocrystalline silicon and silicon carbide in 2024 to meet customer demand[33] - The Group's semiconductor business is expected to maintain growth and contribute profits in the long term, driven by the growth of the Chinese semiconductor market[36] Costs and Expenses - Selling and distribution expenses decreased from RMB 60.3 million in H1 2023 to RMB 38.9 million in H1 2024, mainly due to lower photovoltaic module prices affecting warranty obligations[45] - Administrative expenses reduced from RMB 115.8 million in H1 2023 to RMB 102.8 million in H1 2024, driven by improved operational efficiency and cost control[45] - Finance costs decreased by 12.3% from RMB 35.8 million in H1 2023 to RMB 31.4 million in H1 2024, with the company aiming to further reduce costs and diversify financing channels[45] - Research and development costs decreased to RMB9,564,000 in 2024 from RMB21,035,000 in 2023[118] - The cost of inventories sold in 2024 was RMB1,652,733,000, a decrease from RMB2,524,203,000 in 2023[118] - The cost of services rendered in 2024 was RMB18,544,000, significantly lower than RMB714,610,000 in 2023[118] - Staff costs and depreciation included in the cost of inventories sold and services rendered totaled RMB156,869,000 in 2024, compared to RMB154,340,000 in 2023[119] Inventory and Receivables - Inventory turnover days increased to 53 days in H1 2024 from 24 days at the end of 2023, reflecting reduced external shipments of photovoltaic modules[48][53] - Trade receivables turnover days rose to 218 days in H1 2024 from 94 days at the end of 2023, due to delayed settlements by some customers[49][54] - Trade payables turnover days increased to 235 days in H1 2024 from 168 days at the end of 2023, as suppliers extended credit lines and payment terms[50][55] - Inventories as of 30 June 2024 totaled RMB665,978,000, with finished goods accounting for RMB584,244,000[124] - Trade and bills receivables as of 30 June 2024 amounted to RMB1,785,618,000, with trade receivables within 1 year totaling RMB1,590,228,000[126][127] - The Group allows credit periods of 30 to 90 days for customers, with some domestic photovoltaic module sales granted credit periods exceeding 180 days[127] - As of 30 June 2024, no bills receivable were pledged as security, compared to RMB181,813,000 as of 31 December 2023[128] - Accounts receivable for domestic component sales have a credit period of up to 180 days due to the construction cycle of power plants[129] - Contract assets from industrial product sales decreased to RMB 95,122,000 as of June 30, 2024, from RMB 181,947,000 as of December 31, 2023[130] - Prepayments for raw materials increased to RMB 161,076,000 as of June 30, 2024, from RMB 122,363,000 as of December 31, 2023[131] - Pledged deposits decreased to RMB 622,218,000 as of June 30, 2024, from RMB 1,346,754,000 as of December 31, 2023[132] Cash Flow and Financing - Net cash outflow from operating activities was approximately RMB121.7 million in the first half of 2024, compared to RMB314.8 million in the same period of 2023[56] - The Group had 2,555 employees as of 30 June 2024, down from 2,887 employees at the end of 2023[58][62] - The Group upgraded its monocrystalline silicon module production capacity to better compete in the photovoltaic industry and meet growing demand[60][63] - The Group is exposed to foreign currency risk primarily through US Dollar and Euro transactions, but uses natural hedging strategies to mitigate this risk[57][61] - The Directors are confident in the Group's long-term development despite current over-capacity challenges in the photovoltaic module industry[64][66] - No interim dividend was recommended for the six months ended 30 June 2024[65][67] - The company repaid bank loans and other loans amounting to RMB 595,062 thousand in 2024, a decrease from RMB 671,999 thousand in 2023[95] - Proceeds from bank loans and other loans were RMB 452,805 thousand in 2024, down from RMB 517,733 thousand in 2023[95] - Net cash flows used in financing activities totaled RMB 175,827 thousand in 2024, a significant reduction from RMB 439,054 thousand in 2023[95] - The company's cash and cash equivalents decreased by RMB 379,652 thousand in 2024, compared to a decrease of RMB 348,693 thousand in 2023[95] - Total current bank and other borrowings amounted to RMB 1,073,090,000 as of June 30, 2024, down from RMB 1,195,684,000 as of December 31, 2023[134] - Other loans secured by bills receivable decreased to RMB 12,941,000 as of June 30, 2024, from RMB 16,153,000 as of December 31, 2023[136] Corporate Governance and Shareholding - Mr. TAN Wenhua holds a beneficial interest in 556,924,443 shares, representing 16.76% of the company's total shares[69][70] - Mr. TAN Wenhua, through You Hua Investment Corporation, holds an additional 155,320,308 shares, bringing his total interest to 712,244,751 shares, or 21.43% of the company[70][71] - Hiramatsu International Corp. holds 304,261,692 shares, representing 9.15% of the company's total shares[73] - Hanako Hiramatsu is deemed to have an interest in 304,261,692 shares through Hiramatsu International Corp., representing 9.15% of the company[73] - Madam SZE Tan Hung holds a beneficial interest in 218,521,000 shares, representing 6.57% of the company's total shares[73] - Mr. TUNG Ching Sai is deemed to have an interest in 218,521,000 shares through his spouse, Madam SZE Tan Hung, representing 6.57% of the company[73] - The company has complied with the Corporate Governance Code requirements for the six months ended 30 June 2024[75][78] - The company did not have any share schemes during the six months ended 30 June 2024[81] - The company and its subsidiaries did not purchase, redeem, or sell any listed securities during the six months ended 30 June 2024[81] - Dr. Wong Wing Kuen, Albert, resigned as an independent non-executive director of Dexin China Holdings Company Limited on 11 June 2024[82] Tax and Regulatory - Income tax credit of RMB 4.0 million in H1 2024, compared to an expense of RMB 22.4 million in H1 2023, mainly due to recognition of deferred tax assets and reduced assessable profit[46][51] - The statutory tax rate for the Company's subsidiary in Germany is 15%, with no taxable profits reported for the period[122] - Jinzhou Yangguang, a PRC subsidiary, is eligible for a reduced income tax rate of 15% due to its "High and New Technology Enterprise" status[122] - Jiangsu Yueyang and Liaoning Semiconductor are entitled to a reduced income tax rate of 15% for the six months ended 30 June 2024 and 2023, with renewal applications still in progress[123] - Jiangsu Zhiding is eligible for a reduced income tax rate of 15% and enjoys a three-year tax exemption period for its photovoltaic system construction project, with a 50% reduction in corporate income tax for the fourth to sixth profit-making years[123] Related Party Transactions - Sales of goods to entities controlled by directors increased to RMB 1,090,000 in 2024 from RMB 632,000 in 2023, a 72.5% increase[152] - Sales of electricity to entities controlled by directors decreased to RMB 1,051,000 in 2024 from RMB 1,222,000 in 2023, a 14% decrease[152] - Maintenance services income from entities controlled by directors decreased to RMB 385,000 in 2024 from RMB 496,000 in 2023, a 22.4% decrease[152] - Purchase of goods from entities controlled by directors increased to RMB 1,116,000 in 2024 from RMB 693,000 in 2023, a 61% increase[152] - The Group had an outstanding balance due to a director of a subsidiary amounting to RMB 2,155,000 (equivalent to HK$2,365,000) as at the end of the reporting period, with a 5% annual interest rate[159] - Trade and bills receivables from entities controlled by directors decreased to RMB 742,000 in 2024 from RMB 1,019,000 in 2023, a 27.2% decrease[159] - Prepayment, other receivables, and other assets from entities controlled by directors were RMB 2,667,000 in 2024, compared to none in 2023[159] - Trade payables to entities controlled by directors decreased to RMB 18,000 in 2024 from RMB 651,000 in 2023, a 97.2% decrease[159] - Trade and bills receivables from associates of the Group decreased to RMB 15,954,000 in 2024 from RMB 17,954,000 in 2023, an 11.1% decrease[159] - Short-term loan from a director of the Company increased to RMB 2,155,000 in 2024 from RMB 1,672,000 in 2023, a 28.9% increase[159] Assets and Liabilities - Total non-current assets increased to RMB 943,371 thousand as of 30 June 2024, up from RMB 929,930 thousand at 31 December 2023[90] - Total current assets decreased to RMB 3,750,543 thousand as of 30 June 2024, down from RMB 4,738,

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Solargiga Energy Holdings Limited 陽 光 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：757） 截至二零二四年六月三十日止六個月的中期業績公佈 中期業績 陽光能源控股有限公司（「本公司」）董事（「董事」）宣佈本公司及其附屬公司（統稱「本集 團」）截至二零二四年六月三十日止六個月（「期間」或「期內」）的未經審核綜合中期財 務業績連同二零二三年同期的比較數據。中期簡明綜合財務報表未經審核，惟已由本 公司審核委員會及本公司核數師安永會計師事務所進行審閱。 中期簡明綜合損益表 截至二零二四年六月三十日止六個月—未經審核 | --- | --- | --- | --- | |--------------------------------------------------------------------------------------- ...

Solargiga Energy Holdings Limited 陽光能源控股有限公司 210123 Annual Report 5 Financial Highlights 財務摘要 44 Directors, Company Secretary and Senior Management Profile 董事、公司秘書及高級管理人員簡歷 Solargiga Energy TO CREATE BRIGHT FUTURE 共創未來 4 Company Profile 公司簡介 11 Management Discussion and Analysis 管理層討論及分析 64 Independent Auditor's Report 獨立核數師報告 72 Consolidated Statement of Comprehensive Income 綜合全面收入表 75 Consolidated Statement of Changes in Equity 綜合權益變動表 2 SOLARGIGA ENERGY HOLDINGS LIMITED 陽光能源控股有限公司 | --- | --- | |-------- ...

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Solargiga Energy Holdings Limited 陽 光 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：757） 截至二零二三年十二月三十一日止年度的全年業績公佈 – 1 – 陽光能源控股有限公司（「本公司」）董事（「董事」）欣然宣佈本公司及其附屬公司（統稱 「本集團」）截至二零二三年十二月三十一日（「本年」）止財政年度業績連同比較數據如 下。 綜合損益表 截至二零二三年十二月三十一日止年度 – 2 – 綜合全面收入表 截至二零二三年十二月三十一日止年度 – 3 – | --- | --- | --- | --- | |---------------------------------------------------------------|---------|-------------------------|------------------- ...

本集團作為專注於單晶光伏產品製造商，且本集 團亦導入夏普光伏產品全球領先的40年質量保障 體系，產品質量穩定可靠，可為終端電站業主帶 來長期穩定的收益。 Construction and operation of photovoltaic system business Following the measures in relation to resumption of normality, apart from devoting its efforts in stabilising the development of its manufacturing business, the Group has been actively expanding the end-user power plants construction and application business which not only drives the sales of module products in a bottom-up manner, but it will also spread the profits of cons ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Solargiga Energy Holdings Limited 陽 光 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：757） 截至二零二三年六月三十日止六個月的中期業績公佈 財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 變動 人民幣百萬元 人民幣百萬元 （重列） 收益 3,472.6 2,362.9 +47.0% 持續經營業務之期間利潤 127.1 28.0 +353.9% 歸屬於母公司股東的持續經營 業務之期間利潤 99.9 7.8 +1,180.8% 歸屬於非控制性權益的持續經營業 務之期間利潤 27.2 20.2 +34.7% 歸屬於母公司股東之期間利潤 99.9 67.8 +47.3% ...

TO CREATE BRIGHT FUTURE 共創未來 O 2022 年報 Annual Report 6 Chairman's Statement 主席報告書 12 Management Discussion and Analysis 管理層討論及分析 4 SOLARGIGA ENERGY HOLDINGS LIMITED 陽光能源控股有限公司 During the year, the Group was mainly engaged in the following businesses: (a) the manufacture of, trading of and provision of processing services for monocrystalline silicon solar ingots/wafers; (d) the manufacture and trading of semiconductor, the trading of monocrystalline silicon solar cells and others. 目前，本集團的整合業務模式包括各生產地合計擁 有組件年 ...

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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Solargiga Energy Holdings Limited 陽 光 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：757） 截至二零二二年十二月三十一日止年度的全年業績公佈 財務摘要 截至十二月三十一日止 二零二二年 二零二一年 變動 人民幣百萬 人民幣百萬 收益 6,869.4 4,640.8 +48.0% 歸屬於母公司股東的利潤 957.1 193.2 +395.4% 每股基本盈利 — 普通股 人民幣28.80分 人民幣5.84分 +393.2% ...

Solargiga Ener Solargiga Energy Holdings Limited 陽光能源控股有限公司 (Incorporated in the Cayman Islands with limited liability) 《於開曼群島註冊成立的有限公司》 Stock Code 股份编號 : 757 共創未來 ย a Ban 2022 中期業績報告 Interim Report CONTENTS 目錄 | --- | --- | |-------|---------------------------------------------------------------------------------| | | | | 2 | Corporate Information 公司資料 | | 4 | Company Profile 公司簡介 | | 5 | Financial Highlights 財務摘要 | | 6 | Management Discussion and Analysis 管理層討論及分析 | | 26 | Disclosure of Interests 權益披露 | | ...

Solargiga Energy Solargiga Energy Holdings Limited 陽光能源控股有限公司 (Incorporated in the Cayman Islands with limited liability) {於開曼群島註冊成立的有限公司} Stock Code 股份编辑：757 TO CREATE BRIGHT FUTURE 共創未來 Annual Report 年報 CONTENTS 目錄 2 Corporate Information 公司資料 4 Company Profile 公司簡介 5 Financial Highlights 財務摘要 6 Chairman's Statement 主席報告書 12 Management Discussion and Analysis 管理層討論及分析 36 Corporate Governance Report 企業管治報告 75 Consolidated Statement of Profit or Loss 綜合損益表 57 Report of the Directors 董事會報告 68 Independent Aud ...