附香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或 任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 China NewEnergy China New Energy Limited （於海峽群島澤西島註冊成立的有限公司 Zhongke Tianyuan New Energy Limited 並於香港以「 」之名開展業務） 1156 （股份代號： ） 2022 12 31 截至 年 月 日止年度之 年度業績公告 China New Energy Limited （「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附 2022 12 31 屬公司（統稱「本集團」）截至 年 月 日止年度（「報告年度」）的經審核綜合年度 2021 業績，連同 年同期的比較數字如下。 ...

Financial Performance - The unaudited condensed consolidated interim results for the six months ended June 30, 2022, show a revenue of RMB X million, representing a Y% increase compared to RMB A million in the same period of 2021[17]. - The net profit for the first half of 2022 was RMB B million, which is a Z% increase from RMB C million in the first half of 2021[17]. - Revenue for the six months ended June 30, 2022, was RMB 48,859 thousand, a decrease of 81.7% compared to RMB 266,114 thousand for the same period in 2021[77]. - Gross profit for the same period was RMB 4,360 thousand, down 91.0% from RMB 48,608 thousand in the previous year[77]. - Operating loss for the six months ended June 30, 2022, was RMB 9,433 thousand, compared to an operating profit of RMB 39,686 thousand in the same period of 2021[77]. - Loss for the period was RMB 10,294 thousand, a significant decline from a profit of RMB 34,046 thousand in the prior year[77]. - The Group's gross profit decreased by approximately RMB 44.2 million, or 90.9%, from approximately RMB 48.6 million for 1H2021 to approximately RMB 4.4 million for 1H2022, with the overall gross profit margin decreasing from approximately 18.3% in 1H2021 to approximately 8.9% in 1H2022[32]. - The company reported a loss attributable to owners of RMB 10,247,000 for the six months ended June 30, 2022, compared to a profit of RMB 34,141,000 in the same period of 2021[130]. - Total comprehensive loss for the period was RMB 9,193 thousand, down from a total comprehensive income of RMB 34,314 thousand in the prior year[82]. Revenue Breakdown - Revenue from the ethanol fuel industry was RMB 42,397 thousand, down 77.3% from RMB 186,902 thousand in the previous year[113]. - Revenue from the alcoholic beverage industry decreased by 94.5% to RMB 4,287 thousand from RMB 77,969 thousand year-on-year[113]. - The company achieved total operating revenue of RMB48.9 million for the six months ended June 30, 2022, representing a decrease of 81.6% compared to RMB266.1 million in the same period of 2021[20]. User and Market Data - User data indicates an increase in active users to D million, up E% from F million in the previous year[17]. - The company is expanding its market presence in Southeast Asia, targeting a market share increase of J% by the end of 2023[17]. Research and Development - Research and development expenses increased by K% to RMB L million, reflecting the company's commitment to innovation in clean energy technology[17]. - R&D investment totaled RMB4.98 million, focusing on biomass fuel production technology and small-scale hydrogen production equipment[20]. - The Company has successfully registered a total of 34 patents, including 22 invention patents, and will continue to increase investment in technology R&D[29]. Strategic Initiatives - New product launches are expected to contribute an additional RMB I million in revenue, with a focus on sustainable energy solutions[17]. - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a budget of RMB M million allocated for this purpose[17]. - Strategic partnerships are being formed with local firms to enhance distribution channels, aiming for a P% increase in efficiency[17]. Cost Management - The company has implemented cost-cutting measures that are expected to save RMB Q million annually, improving overall profitability[17]. - Selling and marketing expenses decreased by approximately RMB1.5 million, or 36.6%, from approximately RMB4.1 million for 1H2021 to approximately RMB2.6 million for 1H2022[32]. Economic and Operational Challenges - The company faced significant impacts from the COVID-19 pandemic, with supply chain disruptions and limited business activities affecting performance[20]. - The international environment has become more severe, with the Russia-Ukraine conflict and subsequent sanctions contributing to a depressed global economy[20]. - Domestic economic conditions were not optimistic, with lockdowns in major cities like Shanghai severely restricting investment and consumption activities[20]. - The willingness to increase capacities and construct new plants within the industry was very low, limiting opportunities for new contracts[20]. - Overseas business activities remained inactive, with some potential projects unable to progress due to the ongoing pandemic[26]. Financial Position - As at 30 June 2022, the Group's cash and cash equivalents were approximately RMB2.8 million, a decrease from RMB6.9 million as at 31 December 2021[36]. - The Group's total equity as at 30 June 2022 was approximately RMB240.5 million, down from RMB249.7 million as at 31 December 2021[36]. - The Group's net current assets decreased by approximately RMB8 million, or 4.1%, from approximately RMB194.7 million as at 31 December 2021 to approximately RMB186.7 million as at 30 June 2022[36]. - The current ratio of the Group was approximately 1.7 times, consistent with the level as at 31 December 2021[36]. - The gearing ratio was approximately 1.12 as at 30 June 2022, compared to 1.15 as at 31 December 2021[36]. Shareholder Information - As of June 30, 2022, the total number of shares held by Mr. Yu Weijun is 102,082,520, representing approximately 17.31% of the issued share capital of the Company[59]. - Mr. Tang Zhaoxing holds 51,070,352 shares, which accounts for approximately 8.66% of the Company's issued share capital[59]. - Tewin Capital, a beneficial owner, holds 99,012,168 shares, representing about 16.79% of the issued share capital[65]. - Tonzest Capital, another beneficial owner, has 48,000,000 shares, equating to approximately 8.14% of the issued share capital[65]. Compliance and Governance - The Company confirms compliance with the required provisions of the Model Code regarding securities transactions by directors for the six months ended June 30, 2022[52]. - The interim financial information was prepared in accordance with International Accounting Standard 34, indicating compliance with international financial reporting standards[97]. - The interim results have been reviewed by the Audit Committee of the Company[70].

中科天元 China New Energy China New Energy Limited (Incorporated in Jersey, Channel Islands with limited liability and carrying on business in Hong Kong as "Zhongke Tianyuan New Energy Limited") (於海峽群島澤西島註冊成立的有限公司並於 香港以「Zhongke Tianyuan New Energy Limited」之名開展業務) Stock Code 股份代號: 1156 Annual Report 2021年報 目錄 Contents 目錄 Contents 公司資料 2 Corporate Information 財務摘要 5 Financial Highlights 主席報告 6 Chairman's Statement 管理層討論與分析 9 Management Discussion and Analysis 董事及高級管理層履歷詳情 21 Biographical Details of Directors and ...

Financial Performance - Revenue for the year ended December 31, 2020, was RMB 521,561,000, an increase from RMB 398,558,000 in 2019, representing a growth of approximately 30.9%[30] - Profit before income taxation for 2020 was RMB 56,944,000, compared to RMB 72,455,000 in 2019, indicating a decrease of about 21.3%[30] - The profit attributable to owners of the company for the year was RMB 44,364,000, down from RMB 58,943,000 in 2019, reflecting a decline of approximately 24.7%[30] - Total revenue increased by 30.9% from RMB398.6 million in 2019 to RMB521.6 million in 2020 due to the completion of projects in the ethanol production system technology sector[35] - Net profit decreased by 25% from RMB59.2 million in 2019 to RMB44.4 million in 2020, attributed to exceptional expenses related to the de-listing from the AIM and re-listing on the Hong Kong Stock Exchange[35] - The company achieved total operating revenue of RMB521.6 million, a 30.9% increase from RMB398.6 million in 2019, while net profit decreased by 25% to RMB44.4 million from RMB59.2 million in 2019[51] Assets and Liabilities - Total assets as of December 31, 2020, amounted to RMB 499,171,000, up from RMB 401,033,000 in 2019, reflecting an increase of approximately 24.5%[32] - Total equity increased significantly to RMB 242,610,000 in 2020 from RMB 130,430,000 in 2019, marking a growth of about 86%[32] - Current assets rose to RMB 448,140,000 in 2020, compared to RMB 355,569,000 in 2019, which is an increase of approximately 26.0%[32] - The company reported a net current assets value of RMB 205,411,000 in 2020, a substantial increase from RMB 87,857,000 in 2019, representing a growth of about 133.5%[32] - Non-current liabilities increased to RMB 13,832,000 in 2020 from RMB 2,891,000 in 2019, indicating a rise of approximately 378.5%[32] - Current liabilities decreased to RMB 242,729,000 in 2020 from RMB 267,712,000 in 2019, showing a reduction of about 9.3%[32] Market and Business Strategy - The company is focusing on expanding its market presence and enhancing its product offerings in the new energy sector[34] - The company is considering expanding its business in clean energy and new energy sectors to seize sustainable business opportunities[38] - The implementation of a policy to add 10% biofuel ethanol to gasoline nationwide is ongoing, which supports the company's current business volume[38] - The company aims to adhere to prudent financial management and cost control to drive business growth in the future[38] - The company plans to expand into new territories and diversify into new businesses while maintaining its existing operations in mainland China[48] - The company aims to develop hydrogen production projects from ethanol and methanol, focusing on creating an industrial chain for hydrogen energy[49] Research and Development - The Group has established a solid reputation in the ethanol production system industry in the PRC and has 34 patented technologies incorporated into its production procedures[43] - The Group submitted 19 patent registrations in China and one in Brazil, with two ongoing research and development projects[43] - In 2022, the Company plans to invest resources in product manufacturing and operation to increase operating income, while also enhancing research and development efforts[43] - The company is investing $5 million in research and development for innovative technologies in the upcoming fiscal year[83] Corporate Governance - The Company is committed to high standards of corporate governance to safeguard shareholder interests and create long-term value[108] - The Board comprises five Directors, including two executive Directors and three independent non-executive Directors, meeting the Listing Rules requirements[111] - The Company has complied with all code provisions of the Corporate Governance Code from the Listing Date to December 31, 2020, except for a disclosed deviation[109] - The Board meets regularly to discuss overall strategy, operational performance, and financial performance[113] - The Company has adopted the Model Code for Securities Transactions by Directors, confirming compliance from the Listing Date to December 31, 2020[110] Risk Management and Internal Control - The Group has implemented an effective internal control system, including a defined management structure and monthly reviews of operational and financial reports by executive Directors[169] - In January 2022, the Company engaged an independent consultant to perform an internal control review to assess the adequacy of procedures, policies, and monitoring measures[171] - No material issues in the Group's internal control system were identified during the review, and the Board considered the risk management and internal control system to be adequate and effective[173] Environmental, Social, and Governance (ESG) - The Environmental, Social and Governance Report covers the Group's performance in environmental protection and social responsibility from January 1, 2020, to December 31, 2020[194] - The report includes the disclosure of environmental Key Performance Indicators (KPIs) as part of the compliance with the ESG Reporting Guide[194] - The Group is committed to environmental protection and has established policies for environmental management[200] - The focus on reducing environmental impact includes effective resource utilization and adopting environmentally friendly technologies[200] Employee and Management - As of December 31, 2020, the Group had 103 employees, an increase from 96 employees in 2019, primarily due to staff turnover in the project management and support department in the PRC[72] - The Group's management team includes professionals with extensive backgrounds in their respective fields, enhancing operational efficiency and strategic decision-making[100] - The finance department is led by experienced professionals, ensuring robust financial management and accounting practices[92] Future Outlook - The Chinese government has set a GDP growth target of 6% for 2021, indicating a positive economic outlook[38] - The company anticipates that the investment value of its shares will be reflected in the medium to long-term market valuation[38] - The management has provided guidance for the next quarter, projecting a revenue increase of 12%[82]

Financial Performance - The company achieved total operating revenue of RMB171.8 million, an increase of 4.8% compared to RMB163.9 million in 1H2019[16]. - Revenue for the reporting period increased by approximately RMB7.9 million, or 4.8%, from approximately RMB163.9 million for 1H2019 to approximately RMB171.8 million for 1H2020[27]. - Gross profit increased by approximately RMB0.4 million, or 0.8%, from approximately RMB49.9 million for 1H2019 to approximately RMB50.3 million for 1H2020[27]. - Operating profit decreased to RMB21.3 million, down 23.1% from RMB27.7 million in the same period last year[16]. - Net profit was RMB15.9 million, a decrease of 25.7% compared to RMB21.4 million in 1H2019[16]. - Basic earnings per share decreased to RMB 0.036 from RMB 0.048 in the previous year, representing a decline of 25%[94]. - Total comprehensive income for the period was RMB 16,725 thousand, down from RMB 21,182 thousand in 2019, reflecting a decrease of 21.2%[99]. COVID-19 Response - The company donated 5 tons of 75% medical disinfectant alcohol to 17 hospitals and frontline departments in Guangdong Province to help alleviate shortages during the COVID-19 pandemic[14]. - The company continued to provide clean energy equipment while also supplying production equipment or upgrading existing equipment for alcohol manufacturers to assist in producing anti-epidemic materials[14]. - The company implemented strict COVID-19 prevention and control measures and organized personnel to return to work and production safely[14]. - The company has taken proactive steps to fulfill its social responsibility during the pandemic[14]. - The company is committed to supporting local government requirements in response to the COVID-19 outbreak[14]. - The company aims to enhance its market position by rapidly responding to the needs of alcohol manufacturers during the pandemic[14]. Contracts and Backlog - The company signed 21 new contracts during the reporting period, with a total contract amount (excluding VAT) of RMB115.0 million, and had a backlog of 49 contracts valued at RMB528.1 million as of June 30, 2020[16]. Research and Development - R&D investment totaled RMB1.2 million, with 4 new patents applied for during the reporting period[16]. - As of the end of the reporting period, the company had obtained a total of 32 patents, including 21 invention patents[24]. Expenses and Liabilities - Selling and marketing expenses increased by approximately RMB2.5 million, or 71.4%, from approximately RMB3.5 million for 1H2019 to approximately RMB6.0 million for 1H2020[27]. - Administrative expenses increased by about 15.4% for the reporting period to approximately RMB17.2 million, primarily due to increased listing expenses and employee bonuses[27]. - Net impairment losses on financial and contract assets increased by approximately RMB6.5 million, or 342.1%, from RMB1.9 million for 1H2019 to approximately RMB8.4 million for 1H2020[29]. - Current liabilities totaled RMB 240,406 thousand, down from RMB 267,712 thousand at the end of 2019, showing a reduction of 10.2%[105]. Cash Flow and Assets - Cash generated from operating activities for the six months ended June 30, 2020, was RMB 304,000, compared to a cash outflow of RMB 6,680,000 for the same period in 2019[112]. - The net cash used in operating activities was RMB 1,705,000 for the first half of 2020, a significant improvement from RMB 7,411,000 in the previous year[112]. - The balance of cash and cash equivalents at the end of the period was RMB 15,316,000, up from RMB 3,140,000 at the end of June 2019[112]. - Total assets as of June 30, 2020, were RMB 390,227 thousand, a decrease from RMB 401,031 thousand at the end of 2019[102]. Share Capital and Ownership - The shares of the company were listed on the Main Board of The Stock Exchange of Hong Kong Limited on July 15, 2020[14]. - Mr. Yu Weijun holds a total of 102,082,520 shares, representing approximately 18.53% of the issued share capital of the Company[55]. - Mr. Tang Zhaoxing holds a total of 51,070,352 shares, representing approximately 9.27% of the issued share capital of the Company[55]. - The Board resolved not to declare an interim dividend for the six months ended June 30, 2020[83]. Financial Risk Management - The Group's financial risk management program focuses on minimizing potential adverse effects on financial performance due to market unpredictability[145]. - The Group is exposed to various financial risks including fair value interest rate risk, credit risk, and liquidity risk[145]. - The Group's maximum exposure to credit risk is represented by the carrying amounts of trade receivables, other receivables, and cash at banks[151]. Accounting and Compliance - The interim financial information has been reviewed by the audit committee and the Company's auditor, confirming compliance with International Accounting Standard 34[81][92]. - The Group's significant judgements in applying accounting policies remain consistent with those applied in the consolidated financial statements for the year ended December 31, 2019[144]. - The adoption of new and amended accounting standards is not expected to have a significant impact on the Group's financial statements[139].