Investment Rating - The report assigns a "Strong Buy" rating for the company with a target price of HKD 0.330, compared to the current price of HKD 0.138 [1][5]. Core Insights - The company, Tongjing New Energy, is a leading provider of photovoltaic tracking and fixed support systems in China, with a strong focus on integrated solutions for photovoltaic power plants [5][6]. - The company has experienced significant revenue growth due to the declining prices of upstream photovoltaic products, enhancing the economic viability of photovoltaic projects [11][24]. - The global transition towards clean energy and the demand for photovoltaic systems are expected to continue growing, providing a stable development space for the photovoltaic support industry [24][25]. - The company is also exploring new energy storage technologies, including innovative compressed air storage solutions, which are anticipated to synergize with its existing photovoltaic business [37][43]. Financial Data and Valuation - The company’s revenue is projected to grow from HKD 1,029.6 million in 2025 to HKD 1,214.3 million in 2026, representing year-on-year growth of 34.4% and 17.9% respectively [3][45]. - The net profit attributable to the parent company is expected to reach HKD 79.5 million in 2025 and remain stable in 2026, with a significant increase of 142.2% in 2025 [3][45]. - The company’s earnings per share are forecasted to be HKD 0.073 in 2025 and HKD 0.065 in 2026 [3][45]. Market Performance - The company’s stock price has shown a significant increase of 55.1% over the past 12 months, despite a decline of 8.0% in the last month [4]. - The company’s market capitalization is approximately HKD 1.69 billion [1]. Industry Overview - The photovoltaic support industry is expected to maintain growth, with the global photovoltaic market projected to add over 500 GW of new installations in 2024, a year-on-year increase of about 30% [24][26]. - The domestic photovoltaic market is anticipated to see new installations between 240-260 GW in 2025, influenced by favorable policies and declining component prices [24][25]. - The market for photovoltaic supports is projected to reach RMB 862 billion in 2024 and RMB 877 billion in 2025, with year-on-year growth rates of 18.5% and 1.8% respectively [25][29].

Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in South America to support regional growth [1]. - Strategic partnerships were formed with local retailers in Southeast Asia to enhance market penetration [2]. Product Development - Launched three new product lines, which accounted for 25% of total revenue in the last quarter [3]. - R&D investment increased by 10% to accelerate innovation and product differentiation [4]. - Customer feedback on the new products has been overwhelmingly positive, with a 90% satisfaction rate [1]. Operational Efficiency - Implemented a new supply chain management system, reducing delivery times by 15% [2]. - Automation of manufacturing processes led to a 5% reduction in production costs [3]. - Employee training programs were expanded, resulting in a 10% increase in productivity [4]. Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [1]. - Launched a company-wide recycling program, diverting 50% of waste from landfills [2]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [3]. Corporate Governance - Appointed two new independent directors to the board, enhancing oversight and strategic guidance [4]. - Conducted a comprehensive review of corporate policies to ensure compliance with global standards [1]. - Increased transparency in financial reporting, with detailed disclosures on ESG metrics [2].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 595,834,000, representing an increase of 118.5% compared to HKD 273,121,000 for the same period in 2023[5] - Gross profit for the same period was HKD 88,235,000, up from HKD 20,011,000, indicating a significant growth in profitability[5] - Profit before tax increased to HKD 64,869,000, compared to HKD 12,053,000 in the prior year, reflecting a growth of 438.5%[5] - Net profit for the period was HKD 55,798,000, a substantial increase from HKD 10,403,000, marking a growth of 436.5%[5] - Basic earnings per share rose to HKD 5.41, compared to HKD 0.98 for the same period last year, showing a significant improvement in shareholder value[5] - The total comprehensive income for the six months ended September 30, 2024, was HKD 62,940,000, compared to a loss of HKD 4,179,000 in the same period last year[22] - The net profit attributable to the company's owners was approximately HKD 55,061,000 for the six months ending September 30, 2024, compared to HKD 9,504,000 in 2023, driven by increased revenue and gross profit[75] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 1,167,056,000, compared to HKD 949,065,000 as of March 31, 2024[9] - Current assets increased to HKD 726,587,000 from HKD 605,616,000, indicating a growth of 19.9%[9] - The company's total equity increased to HKD 376,075,000 from HKD 272,320,000, representing a growth of 38.1%[16] - As of September 30, 2024, the total equity increased to HKD 376,075,000, up from HKD 255,910,000 as of March 31, 2023, representing a growth of approximately 47%[22] - The total amount of bank and other borrowings as of September 30, 2024, was HKD 97,808,000, slightly increasing from HKD 96,905,000 as of March 31, 2024[57] - The group's capital debt ratio was approximately 28% as of September 30, 2024, down from 37% on March 31, 2024, indicating improved financial stability[80] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 30,617,000, compared to a net cash used of HKD 37,414,000 in the previous period[24] - The net cash generated from investing activities was HKD 46,519,000, a significant increase from HKD 10,809,000 in the prior period[24] - Financing activities generated net cash of HKD 38,522,000, compared to HKD 5,242,000 in the previous period, indicating a strong improvement in financing[24] - Cash and cash equivalents significantly rose to HKD 159,976,000 from HKD 44,318,000, reflecting a strong liquidity position[9] - The cash and cash equivalents at the end of the period increased to HKD 159,976,000 from HKD 33,254,000, showing a significant improvement in liquidity[24] Revenue Sources - Revenue from mainland China for the six months ended September 30, 2024, was HKD 595,834,000, a substantial increase from HKD 273,121,000 in the previous year, reflecting a growth of approximately 118%[33] - The renewable energy business segment generated revenue of HKD 595,834 thousand for the six months ended September 30, 2024, compared to HKD 273,121 thousand for the same period in 2023, representing a growth of 118%[43] - Major customers in the renewable energy segment contributed over 10% of total group revenue, with Customer 1 generating HKD 236,180 thousand in the current period[40] Expenses and Costs - The cost of construction materials and supplies amounted to HKD 316,653 thousand for the six months ended September 30, 2024, up from HKD 144,669 thousand in the previous year, reflecting a rise of 119%[45] - Administrative and other operating expenses totaled approximately HKD 29,482,000 for the six months ending September 30, 2024, an increase of about 103% from HKD 14,509,000 in 2023, mainly due to rising employee costs[72] Shareholder Information - The company issued new shares resulting in an increase in share capital by HKD 4,090,000 and share premium by HKD 36,810,000 during the period[22] - The company’s issued share capital as of September 30, 2024, was HKD 12,270,000,000, reflecting an increase due to the issuance of 409,000,000 shares following a rights issue[58] - The major shareholder, Zhenjie Limited, holds 739,375,515 shares, representing 60.26% of the total shares[95] - The company has received valid acceptances for 268,537,010 shares, accounting for approximately 32.8% of the issued share capital as of May 21, 2024[97] Corporate Governance - The group’s chairman and CEO roles are held by the same individual, which deviates from the corporate governance code but is believed to provide strong leadership[87] - The group believes its board consists of experienced and capable individuals, including three independent non-executive directors, and will continue to review its corporate governance structure[88] - The group has not established any foreign exchange contracts for hedging purposes as of the reporting date[81] Employee Information - As of September 30, 2024, the group has 168 employees, an increase from 128 employees as of March 31, 2024, reflecting a growth of approximately 31.25%[85] - The group provides competitive compensation packages to attract and retain talent, with regular reviews based on market conditions and individual performance[85] Future Plans and Developments - The company is focusing on developing floating photovoltaic support structures to meet market demand, utilizing materials that withstand complex environmental conditions[68] - The group aims to enhance product performance and reduce electricity costs while promoting healthy development in the photovoltaic industry[65] - The introduction of a multi-point linkage support system aims to improve safety and adaptability in complex terrains, enhancing the competitiveness of the group's products[66] - The company is committed to becoming a globally influential enterprise in the solar energy sector, focusing on creating intelligent photovoltaic power stations[69] Compliance and Regulations - The audit committee has reviewed the unaudited condensed consolidated financial statements and performance for the six months ending September 30, 2024, confirming compliance with applicable accounting standards[105] - The company has established a compliance code for directors regarding securities trading, confirming adherence as of September 30, 2024[104] Miscellaneous - The group has no significant investments, acquisitions, or disposals of subsidiaries or associated companies as of September 30, 2024[81] - There are no significant contingent liabilities reported as of September 30, 2024, consistent with the previous period ending March 31, 2024[82] - The group has no capital commitments as of September 30, 2024, unchanged from March 31, 2024[83] - The group has not engaged in any purchase, sale, or redemption of its listed securities as of September 30, 2024[91] - No share options have been granted under the share option scheme since its adoption on November 2, 2013[99] - As of September 30, 2024, there are no outstanding share options[100] - The company has adopted a share reward plan on September 24, 2024, allowing a maximum of 10% of the issued share capital for rewards[101] - No significant events have occurred after September 30, 2024, up to the date of this announcement[107] - The announcement will be available on the Hong Kong Stock Exchange website for at least seven days from the publication date[107] - The announcement will also be published on the company's website[107]

Financial Performance - For the fiscal year ending March 31, 2024, the company reported revenue of approximately HKD 766.1 million, an increase of about 11% compared to HKD 689 million in the same period of 2023[13]. - The profit attributable to the owners of the company for the same period was approximately HKD 32.8 million, representing a 19% increase from HKD 27.6 million in 2023[13]. - The cost of sales for the fiscal year was approximately HKD 669,599,000, up from HKD 616,789,000 in 2023[26]. - The total administrative and other operating expenses increased by approximately 36% to about HKD 39,874,000 from HKD 29,381,000 in the previous year[28]. - The net profit attributable to the company's owners for the fiscal year was approximately HKD 32,822,000, compared to HKD 27,633,000 in 2023[29]. - As of March 31, 2024, the total distributable reserves amounted to approximately HKD 54,890,000, down from HKD 59,389,000 in 2023, indicating a decrease of about 8.4%[79]. - Sales to the top five customers accounted for approximately 59% of total sales for the year, with the largest customer contributing about 18%[81]. - Purchases from the top five suppliers represented approximately 44% of total purchases, with the largest supplier accounting for about 18%[81]. Renewable Energy Business - The renewable energy business generated total revenue of approximately HKD 766.1 million, primarily from providing one-stop value-added solutions for photovoltaic power stations and sales of patented photovoltaic tracking support systems[19]. - The company has adjusted its renewable energy business into two main segments: providing one-stop value-added solutions (EPC, maintenance support, and testing) and selling patented photovoltaic tracking support systems[19]. - The renewable energy business segment has been a solid pillar for the company since its launch in Q4 2015, contributing positively to revenue growth[179]. - The company aims to allocate more resources to expand its renewable energy business as part of its globalization strategy[179]. - The company is focusing on developing floating photovoltaic brackets for offshore projects to meet market demand[24]. - The group has introduced a mountain-type gravity energy storage system to address issues related to distributed renewable energy reliability and flexibility[24]. - The company provides a one-stop value-added solution for PV power stations, including engineering, procurement, and construction (EPC) services, maintenance support, and operation[200]. - The company’s solar energy utilization is seen as a major contributor to global sustainable energy development[199]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to building green ecological intelligent photovoltaic power stations globally to maximize user benefits and service quality[15]. - The company emphasizes sustainable development and corporate social responsibility, balancing business growth with environmental and social considerations[180]. - The board of directors is responsible for overseeing the company's environmental, social, and governance (ESG) strategies and reporting, conducting annual risk assessments related to ESG[190]. - The company has set carbon reduction targets in response to national dual carbon goals and regularly reviews its performance against these targets[190]. - The ESG working group assists the board in implementing various ESG strategies and reports on key performance indicators[192]. - The company is committed to implementing more environmental measures and practices in its operations[45]. - The company’s operations have minimal adverse environmental impact, as the processing of solar brackets does not produce wastewater, exhaust, or other harmful substances[200]. - The importance matrix identifies key environmental, social, and governance issues, with product responsibility and supply chain management being top priorities[198]. Corporate Governance - The board of directors is responsible for the strategic development and management of the group's operations[51][52][54]. - The company has confirmed the independence of all non-executive directors in accordance with GEM listing rules[88]. - The company has complied with all applicable corporate governance code provisions, except for the separation of roles between the Chairman and CEO[116]. - The board meets at least four times a year, ensuring that all directors receive timely and sufficient information to perform their duties effectively[127]. - The company has established a compensation committee with three members, including Mr. Zhou Yuan (Chairman), Ms. Wang Xiaoxiong, and Mr. Shen Fuxin, all of whom are independent non-executive directors[136]. - The company has adopted internal guidelines that require board approval for significant operational projects and major investment decisions[124]. - The company has adopted a board diversity policy, which considers various factors including gender, age, and professional experience[141]. - The company has maintained sufficient public float as required by GEM listing rules throughout the year[112]. Risk Management - The board is responsible for overseeing the risk management and internal control systems, which are designed to manage risks rather than eliminate them[156]. - The company has established a risk register to document all identified significant risks, which is updated at least annually following a risk assessment[162]. - An independent professional consulting firm has been appointed to conduct an internal control review, confirming that the company's risk management and internal control systems are adequate and effective[161]. - The risk management framework is based on the "three lines of defense" model, involving operational management, financial oversight, and independent internal audit[166]. - The company will continue to engage external independent professionals to review its internal control and risk management systems annually[169]. - The company is committed to ensuring that risk management is integrated into daily business operations to align with corporate objectives[166]. Employee Relations - The company has maintained a workforce of 128 employees, ensuring competitive compensation and internal training programs[40]. - The group maintains good relationships with employees, customers, and suppliers, ensuring all accrued salaries are paid on time without significant disputes[48]. - The company ensures that all directors participate in ongoing professional development to update their knowledge and skills[150]. Shareholder Information - The company has adopted a dividend policy that allows for cash or stock dividends, subject to compliance with applicable laws and regulations[67]. - No final dividend is recommended for the year ending March 31, 2024, consistent with the previous year[68]. - The group’s annual financial performance indicators are detailed in the annual report under the "Five-Year Financial Summary" section[49]. - The company has not made significant changes to its organizational documents for the fiscal year ending March 31, 2024[176].

Financial Performance - For the fiscal year ending March 31, 2024, the company reported total revenue of HKD 766,108,000, an increase of 11.2% from HKD 688,965,000 in the previous year[5] - The gross profit for the same period was HKD 96,509,000, representing a 33.7% increase compared to HKD 72,176,000 in the prior year[5] - The net profit attributable to the owners of the company was HKD 32,822,000, up 18.3% from HKD 27,633,000 in the previous year[6] - The total comprehensive income for the year was HKD 17,504,000, significantly higher than HKD 6,571,000 in the previous year[6] - Basic and diluted earnings per share increased to HKD 4.01 from HKD 3.38, representing an 18.6% growth[6] - The net profit attributable to the company's owners for 2024 was HKD 32,822, compared to HKD 27,633 in 2023, reflecting a growth of 18.4%[31] - The renewable energy business recorded total revenue of approximately HKD 766,108,000 for the fiscal year ending March 31, 2024, an increase of about 11% compared to HKD 688,965,000 in the same period of 2023[41] Assets and Liabilities - Trade receivables increased to HKD 274,598,000 from HKD 184,696,000, marking a 48.7% rise[8] - Current assets totaled HKD 605,616,000, up from HKD 470,642,000, indicating a 28.6% increase[8] - The company's total liabilities increased to HKD 376,933,000 from HKD 260,173,000, reflecting a 44.9% rise[9] - The company's equity attributable to owners rose to HKD 253,900,000 from HKD 236,436,000, an increase of 7.4%[9] - Trade receivables increased to HKD 271,728 in 2024 from HKD 176,054 in 2023, with net trade receivables at HKD 252,334 after provisions[33] - Trade payables rose to HKD 180,429 in 2024 from HKD 121,522 in 2023, indicating increased operational activity[35] - The company's cash and cash equivalents amounted to approximately HKD 44,318,000 as of March 31, 2024, down from HKD 54,617,000 in 2023, while restricted/pledged bank deposits increased to HKD 48,959,000 from HKD 14,614,000[47] - The capital debt ratio as of March 31, 2024, was approximately 37%, up from about 30% in 2023[49] Revenue Sources - In 2024, the total revenue from major customers contributing over 10% to the group's revenue includes Customer A at HKD 138,792, Customer B at HKD 31,236, Customer C at HKD 88,566, Customer E at HKD 77,264, while Customer D did not contribute in 2024[24] - The total revenue for 2024 was HKD 766,108, an increase of 11.2% from HKD 688,965 in 2023, driven by sales of patented photovoltaic tracking systems which rose to HKD 547,741 from HKD 283,586[24] - Government subsidies received increased significantly to HKD 2,948 in 2024 from HKD 1,118 in 2023, supporting the renewable energy business in China[26] Expenses - Sales costs for the fiscal year ending March 31, 2024, were approximately HKD 669,599,000, up from approximately HKD 616,789,000 in 2023[42] - Administrative and other operating expenses increased by approximately 36% to about HKD 39,874,000 for the fiscal year ending March 31, 2024, compared to approximately HKD 29,381,000 in 2023[43] - Financing costs rose to HKD 4,494 in 2024, up from HKD 3,945 in 2023, primarily due to increased interest expenses on bank and other borrowings[27] - Research and development expenses increased to HKD 11,669 in 2024 from HKD 6,832 in 2023, highlighting a focus on innovation[28] Business Strategy and Operations - The company plans to continue expanding its renewable energy business in China, focusing on new product development and market penetration strategies[11] - The group operates a single reportable segment in renewable energy, providing integrated value-added solutions for photovoltaic power stations, selling patented photovoltaic tracking systems, and selling electricity[22] - All non-current assets of the group are located in China, and revenue from external customers is solely derived from operations in China[23] - The company has developed a digital and intelligent photovoltaic tracking control platform utilizing big data analysis, AI control technology, and wireless communication technology to reduce costs and enhance power generation[39] - The company is focusing on developing floating photovoltaic supports for offshore projects to meet market demand and address water resource consumption issues[41] - The company has introduced a multi-point linkage support system with upgraded core transmission technology to enhance product safety and adaptability to complex terrains[39] Corporate Governance and Compliance - The group has adopted new Hong Kong Financial Reporting Standards effective from April 1, 2023, including HKFRS 17 related to insurance contracts, which does not have a significant impact on the financial performance and disclosures[14] - The audit committee consists of three independent non-executive directors and has reviewed the group's audited annual performance for the year ending March 31, 2024[70] - The group has complied with all applicable corporate governance code provisions, except for the separation of the roles of Chairman and CEO[64][65] - The group will publish its 2024 annual report, which includes all information required by GEM listing rules, on its website and the HKEX news website[72] - The announcement confirms that the board of directors is responsible for the accuracy and completeness of the information provided[75] - The announcement will be available on the Hong Kong Stock Exchange website for at least seven days from the publication date[75] - The company has committed to ensuring that there are no misleading or fraudulent elements in the announcement[75] Employee and Compensation - As of March 31, 2024, the group had 128 employees, maintaining the same number as in 2023[54] - The group offers competitive compensation packages for its renewable energy business, which are regularly reviewed[54] - The group has implemented a profit-sharing plan that allows certain employees to benefit from it[54] - The group has no significant disputes regarding salary payments, and all accrued salaries were settled on or before the due dates specified in employment contracts[62] Financial Management - The group aims to balance financial sustainability and flexibility through bank borrowings, related party advances, and internally generated funds[58] - The group has no significant credit risk from major financial assets and liabilities, as it does not have any significant interest-bearing financial assets and liabilities at floating rates[56][57] - The group is committed to enhancing green measures and awareness in its operations, adhering to the principles of Reduce, Recycle, and Reuse[59] Investments and Future Plans - The company has no significant investments, acquisitions, or capital asset plans as of March 31, 2024[51]

Financial Performance - For the six months ended September 30, 2023, the company's revenue was HKD 273,121,000, an increase of 28.5% compared to HKD 212,670,000 for the same period in 2022[4] - Gross profit for the six months ended September 30, 2023, was HKD 20,011,000, a decrease of 13.5% from HKD 23,254,000 in the previous year[4] - The net profit for the six months ended September 30, 2023, was HKD 10,403,000, down 15.1% from HKD 12,260,000 in the same period of 2022[4] - Basic and diluted earnings per share for the six months ended September 30, 2023, were HKD 1.16, compared to HKD 1.39 for the same period in 2022, reflecting a decrease of 16.5%[6] - The company reported a total equity of HKD 232,257,000 as of September 30, 2023, slightly down from HKD 236,436,000 at the end of March 2023[11] - The company reported a significant increase in revenue for the first half of 2023, with a year-on-year growth of 15%[87] - The group recorded a net profit attributable to the owners of the company of approximately HKD 9,504,000 for the six months ended September 30, 2023, compared to HKD 11,346,000 in 2022[56] Cash Flow and Assets - Total assets as of September 30, 2023, were HKD 453,008,000, a decrease from HKD 470,642,000 as of March 31, 2023[8] - The company's cash and cash equivalents decreased to HKD 33,254,000 from HKD 54,617,000 as of March 31, 2023, indicating a decline of 39.2%[8] - Cash flows from operating activities showed a net outflow of HKD 37,414,000, a significant decline from a net inflow of HKD 13,886,000 in the prior year[13] - As of September 30, 2023, the group's cash and cash equivalents amounted to approximately HKD 33,254,000, a decrease of about 48% from HKD 54,617,000 as of March 31, 2023[59] Liabilities and Equity - The company's total liabilities decreased to HKD 230,062,000 from HKD 258,051,000, a reduction of 10.9%[9] - The company had short-term bank loans of approximately HKD 43,592,000 as of September 30, 2023, down from HKD 50,072,000 as of March 31, 2023[34] - The company's tax expense for the six months ended September 30, 2023, was a credit of HKD 1,650,000, compared to a credit of HKD 4,609,000 in the same period of 2022[26] Business Operations - The company is primarily engaged in renewable energy business in China, focusing on providing one-stop value-added solutions for photovoltaic power stations[15] - The company is focused on the development of a one-stop solution for photovoltaic power stations, including EPC, maintenance support, and operation services[41] - The company aims to enhance product performance and reduce electricity costs while promoting affordable grid access as part of its development direction[47] - The company is leveraging big data analysis, AI control technology, and wireless communication technology to create a digital and intelligent photovoltaic tracking control platform[47] Market and Growth Strategy - The company plans to focus on expanding its market presence and investing in new technologies to enhance its product offerings in the future[4] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[87] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $30 million earmarked for potential deals[87] Employee and Management - The management compensation for the year 2023 was HKD 808,000, compared to HKD 765,000 in 2022, reflecting an increase of approximately 5.6%[38] - The company’s short-term employee benefits increased to HKD 779,000 in 2023 from HKD 710,000 in 2022, marking a rise of approximately 9.7%[38] Compliance and Governance - The board emphasized the importance of compliance and governance, with new measures being implemented to strengthen oversight[87] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2023, and believes they are prepared in accordance with applicable accounting standards[81] Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10%[87] - New product launches are expected to contribute an additional $50 million in revenue by the end of the fiscal year[87] - The management team remains optimistic about achieving long-term growth targets despite market challenges[87]

香港交易及結算所有限公司及聯交所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，並明確表示概不就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。 TK NEW ENERGY Tonking New Energy Group Holdings Limited 同 景 新 能 源 集 團 控 股 有 限 公 司 * （於開曼群島註冊成立的有限公司） （股份代號：8326） 截至二零二三年九月三十日止六個月中期業績公佈 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為相比起其他在聯交所上市的公司可能帶有較高投資風險的中小 型公司提供一個上市的市場。有意投資之人士應了解投資於該等公司的潛在風險， 並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯交所主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 本公佈之資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關同景新能源集團控股有限公司（「本公司」）的資料，本公司之各董事（「董 ...

Financial Performance - For the three months ended June 30, 2023, the company reported revenue of HKD 180,801,000, an increase of 50% compared to HKD 120,589,000 for the same period in 2022[5] - Gross profit for the same period was HKD 13,692,000, up from HKD 12,646,000, reflecting a gross margin improvement[5] - The company achieved a profit before tax of HKD 10,182,000, representing a 29% increase from HKD 7,906,000 in the prior year[5] - Net profit for the period was HKD 8,475,000, compared to HKD 4,873,000, indicating a year-over-year growth of 74%[5] - Basic and diluted earnings per share increased to HKD 0.98 from HKD 0.54, marking an 81% rise[5] - The company reported other income of HKD 3,175,000, slightly down from HKD 3,967,000 in the previous year[5] - Administrative and other operating expenses decreased to HKD 5,856,000 from HKD 7,787,000, showing improved cost management[5] - The group recorded a profit attributable to owners of approximately HKD 7,989,000 for the three months ended June 30, 2023, compared to HKD 4,412,000 in the same period of 2022[35] Foreign Exchange and Taxation - The company experienced a foreign exchange loss of HKD 16,085,000, similar to the loss of HKD 16,116,000 in the previous year[7] - The group’s net foreign exchange gain was HKD 99,000, compared to a loss of HKD 10,000 in the previous year[18] - The group’s income tax expense in China for the period was HKD 1,707,000, down from HKD 3,033,000 in the same period last year[20] Revenue and Contracts - Total revenue for the renewable energy business reached approximately HKD 180,801,000, a 50% increase from HKD 120,589,000 in the same period last year[25] - The group signed new contracts with a total installed capacity of 79.99 MW during the reporting period[25] - Contract costs amounted to approximately HKD 167,109,000 for the three months ended June 30, 2023, up from HKD 107,943,000 in the same period of 2022[32] Cash and Debt Management - Cash and cash equivalents, along with restricted bank deposits, amounted to approximately HKD 71,706,000 as of June 30, 2023, an increase of about 53% from HKD 29,456,000 in 2022[37] - The group's debt as of June 30, 2023, was approximately HKD 74,837,000, compared to HKD 38,587,000 in 2022[38] - The capital debt ratio was approximately 35% as of June 30, 2023, up from 29% in 2022[39] Corporate Governance and Shareholding - The company has adhered to all applicable corporate governance codes, with a review of its governance structure ongoing[40] - As of June 30, 2023, Mr. Wu Jianong holds 231,454,000 shares, representing 28.30% of the company's equity[44] - Zhenjie Limited owns 224,380,000 shares, accounting for 27.43% of the company's equity[47] - Victory Stand International Limited holds 206,000,000 shares, which is 25.18% of the company's equity[48] - No share options have been granted under the share option scheme since its adoption on November 2, 2013[49] - There are no outstanding share options as of June 30, 2023[51] Audit and Compliance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023, and confirmed compliance with applicable accounting standards[54] Strategic Focus - The group is focusing on enhancing product performance and reducing electricity costs to promote healthy development in the photovoltaic industry[28] - The group aims to leverage big data analysis and AI control technology to create a digital and intelligent photovoltaic tracking control platform[28] - The company is focused on developing a floating photovoltaic support structure for offshore projects to meet market demand[29] - The group aims to create a globally influential enterprise in the solar energy sector, promoting green ecological intelligent photovoltaic power stations[30] Comprehensive Income - Total comprehensive income for the period was HKD (7,610,000), compared to HKD (11,243,000) in the prior year, indicating a reduction in overall losses[7]

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，並明確表明概不就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起之任何損失承擔任何責任。 TK NEW ENERGY Tonking New Energy Group Holdings Limited 同 景 新 能 源 集 團 控 股 有 限 公 司 * （於開曼群島註冊成立的有限公司） （股份代號：8326） 截至二零二三年六月三十日止三個月第一季度業績公佈 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為相比起其他在聯交所上市的公司可能帶有較高投資風險的中小 型公司提供一個上市的市場。有意投資之人士應了解投資於該等公司的潛在風險， 並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯交所主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 本公佈之資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關同景新能源集團控股有限公司（「本公司」）的資料，本 ...

Financial Performance - The company recorded a revenue of approximately HKD 689 million for the year ended March 31, 2023, representing an increase of about 186% compared to HKD 240.5 million in the same period of 2022[13]. - The profit attributable to the owners of the company was approximately HKD 27.6 million, a significant increase of about 403% from HKD 5.5 million in the previous year[13]. - The group recorded revenue of approximately HKD 688,965,000 for the fiscal year ending March 31, 2023, representing an increase of about 186% compared to HKD 240,524,000 in the same period of 2022[32]. - The net profit attributable to the company's owners for the fiscal year was approximately HKD 27,633,000, compared to HKD 5,497,000 in 2022[35]. - Cash and cash equivalents, along with restricted bank deposits, totaled approximately HKD 54,617,000, an increase of about 62% from HKD 34,582,000 in 2022[38]. - The cost of sales for the fiscal year was approximately HKD 616,789,000, up from HKD 196,124,000 in 2022, primarily due to materials, subcontracting, labor, and other operational costs[33]. - The administrative and other operating expenses decreased by approximately 5% to about HKD 29,381,000 from HKD 30,774,000 in the previous year due to cost-cutting measures[34]. - The company's attributable profit before dividends was approximately HKD 27,633,000 for the year ended March 31, 2023, compared to HKD 5,497,000 in 2022, indicating a significant increase[83]. - As of March 31, 2023, the total distributable reserves amounted to approximately HKD 59,389,000, down from HKD 63,813,000 in 2022, reflecting a decrease of about 6.7%[85]. - Sales to the top five customers accounted for approximately 68% of total sales for the year, with the largest customer contributing about 35%[87]. - Purchases from the top five suppliers represented approximately 70% of total purchases, with the largest supplier accounting for about 37%[87]. Business Operations - The total installed capacity of contracts signed during the year was 1,167.77 MW[13]. - The renewable energy business generated total revenue of approximately HKD 688.97 million, compared to HKD 240.52 million in 2022, primarily from providing one-stop value-added solutions for photovoltaic power stations and selling patented photovoltaic tracking fixed bracket systems[18]. - The company signed a total of 40 new contracts during the reporting period, including significant projects such as the 100MW photovoltaic project in Guangxi and the 100MW agricultural (forest) photovoltaic project in Ganxian District[19][24][27]. - The company is focusing on developing floating photovoltaic brackets for offshore projects to meet market demand and adapt to complex marine environments[29]. - The company is committed to providing one-stop solutions for photovoltaic power stations, including EPC, maintenance support, and testing services, to promote healthy industry development[28]. - The company aims to enhance product performance and reduce electricity costs, focusing on the development of a digital and intelligent photovoltaic tracking control platform utilizing big data analysis and AI technology[28]. - The company has developed a multi-point linkage bracket system and a flexible cable bracket for complex terrain, enhancing its product competitiveness[13]. - The group employed 128 staff members as of March 31, 2023, an increase from 99 in 2022, reflecting growth in operations[47]. Corporate Governance - The board does not recommend the payment of a final dividend for the year ending March 31, 2023, compared to no dividend in 2022[74]. - The board will continue to review the dividend policy and does not guarantee the payment of any specific amount of dividends in any designated period[73]. - The company has adopted a dividend policy allowing for cash or stock dividends to shareholders, subject to compliance with applicable laws and regulations[73]. - The board consists of experienced members, including three independent non-executive directors, and will continuously review the effectiveness of corporate governance structures[132]. - The company has adopted corporate governance practices in compliance with GEM listing rules, with all applicable code provisions followed except for a specific deviation[131]. - The company has established specific committees, including the audit, remuneration, nomination, and compliance committees, to facilitate effective governance[145]. - The audit committee was established on November 2, 2013, to review significant investments, financial conditions, and accounting policies[146]. - The board is responsible for ensuring the company's ongoing operations and managing risks effectively[140]. - The company has established internal monitoring procedures for handling and disclosing inside information to comply with GEM listing rules[185]. - The company encourages shareholders to submit inquiries and suggestions in writing to the board of directors[189]. Risk Management - The board is responsible for overseeing the effectiveness of the group's risk management and internal control systems, which aim to manage risks rather than eliminate them[173]. - The company has established an enterprise risk management framework, with the board ensuring sufficient and effective risk management systems are in place[175]. - The risk management framework follows the COSO framework, allowing the board and management to effectively manage the company's risks[182]. - The company has implemented a risk management policy requiring regular assessments and confirmations of the effectiveness of the risk management system by the management team[174]. - The board has engaged an independent consulting firm to review internal controls, confirming the adequacy and effectiveness of the risk management and internal control systems[177]. - The risk register is maintained to track all identified significant risks, with annual assessments conducted to evaluate the likelihood and potential impact of these risks[178]. - The company is committed to enhancing its internal control systems and improving workflows to minimize significant business risks[173]. - The risk management activities are continuously conducted by management, with the effectiveness of the risk management framework evaluated at least annually[183]. - The board will continue to review and improve the risk management and internal control systems in light of regulatory requirements and business developments[178]. Strategic Goals and Future Prospects - The company aims to become a globally influential enterprise in the solar energy sector, focusing on creating green ecological intelligent photovoltaic power stations[14]. - The company is committed to sustainable development and corporate social responsibility, balancing business growth with environmental and social considerations[196]. - The company aims to expand its renewable energy business as part of its global development strategy, allocating more resources to this sector[195]. - The company is focused on achieving environmental sustainability and enhancing customer commitment as part of its strategic goals[198]. - The company emphasizes maintaining good relationships with stakeholders, including customers, investors, and employees, to meet their expectations[196]. Shareholder Relations - The company adopted a shareholder communication policy on November 2, 2013, to enhance communication with shareholders and investors[187]. - Major shareholders include Zhenjie Limited with 224,380,000 shares (27.43%) and Victory Stand International Limited with 206,000,000 shares (25.18%) as of March 31, 2023[106][107]. - The company has a share option plan that allows for a maximum of 40,000,000 shares to be issued, representing 4.89% of the total issued share capital as of the report date[114]. - No share options have been granted, issued, cancelled, or lapsed during the year[122]. - The company maintained sufficient public float as required by GEM listing rules throughout the year[128].