Financial Performance - Revenue increased to RMB 4,753.9 million in FY2024 [8], a 7.2% increase compared to RMB 4,434.8 million in FY2023 [8] - Profit attributable to equity holders reached RMB 196.5 million in FY2024 [8] - Free cash flow nearly doubled, reaching RMB 979.7 million in FY2024 [8], a 96.1% increase compared to RMB 499.5 million in FY2023 [8] - A dividend of RMB 73 million was declared for 2024 [37, 60], representing an 87.3% year-over-year increase [37] Market Expansion and Orders - Revenue from overseas reached 65% of total revenue [11, 17] - Total orders from overseas surged to RMB 5,802.6 million in FY2024 [19], a 78.8% increase compared to RMB 3,244.8 million in FY2023 [19] - Innovative business new orders increased by 19%, reaching RMB 4,235.3 million in FY2024 [21] from RMB 3,558.2 million in FY2023 [21] Strategic Initiatives - The company fully repaid its USD bond [10, 15] - The company won the bid for the Iraq Dulfriyah Oilfield Mega Project [13, 32] - Over 52 million shares were repurchased in 2024 [37]

Financial Performance - The company's total assets increased by 9.56% to RMB 29,769.29 million as of June 30, 2023, compared to RMB 27,172.52 million as of December 31, 2022[5] - Net assets increased by 2.45% to RMB 8,293.16 million as of June 30, 2023, compared to RMB 8,094.89 million as of December 31, 2022[5] - Revenue increased by 11.27% to RMB 1,490.14 million for the first half of 2023, compared to RMB 1,339.18 million for the first half of 2022[5] - Profit attributable to owners of the company increased by 11.99% to RMB 496.30 million for the first half of 2023, compared to RMB 443.18 million for the first half of 2022[5] - Fully diluted EPS increased by 16.43% to 5.81 cents for the first half of 2023, compared to 4.99 cents for the first half of 2022[5] Segment Performance - Power generation revenue increased by 14.50% to RMB 1,195.60 million for the first half of 2023, compared to RMB 1,044.20 million for the first half of 2022[5] - O&M revenue increased by 37.35% to RMB 158.94 million for the first half of 2023, compared to RMB 115.72 million for the first half of 2022[5] - Power generation profit increased by 16.29% to RMB 818.70 million for the first half of 2023, compared to RMB 704.02 million for the first half of 2022[5] - O&M profit increased by 36.62% to RMB 22.20 million for the first half of 2023, compared to RMB 16.25 million for the first half of 2022[5] Operational Capacity and Performance - Operational attributable installed capacity increased by 26.6% to 3,640 MW in 1H2023 from 2,876 MW in 1H2022[17] - Attributable installed capacity of subsidy-free projects reached 2,213 MW, accounting for 61% of the total attributable installed capacity[20] - Wind plants weighted average utilization hours increased by 2.4% to 1,353 hours in 1H2023 from 1,321 hours in 1H2022[21] - Total attributable average grid curtailment increased by 0.7 percentage points to 4.2% in 1H2023 from 3.5% in 1H2022[21] Project Development - The company acquired construction permits for 483.5 MW of projects and approvals/registrations for 706 MW of projects in 1H2023[25]

Financial Performance - The company's total assets increased by 150% to RMB 3123637 million as of December 31, 2023[6] - Net assets increased by 42% to RMB 843541 million[6] - Revenue from continuing operations increased by 78% to RMB 258865 million[6] - Profit attributable to owners of the company increased by 105% to RMB 96377 million[6] - Fully diluted EPS increased by 155% to 1139 cents[6] - The company's share of profits attributable to equity holders reached RMB 964 million in 2023, with a 5-year compound growth rate of 124%[7] Operational Performance - Newly added installed capacity in 2023 was 512 MW, with an attributable installed capacity of 4050 MW by year end[18] - Attributable power generation increased by 172% to 7824 GWh[14] - Weighted average utilization hours for wind (attributable installed) were 2449 hours, a decrease of 37%[22] - Weighted average utilization hours for solar PV (attributable installed) were 1455 hours, a decrease of 59%[22] - The curtailment rate for wind (attributable installed) was 37%, an increase of 11 percentage points[22] - The curtailment rate for solar PV (attributable installed) was 59%, an increase of 21 percentage points[22] Green Energy Initiatives - Trading volume of green electricity increased by 117%[30] - Sale revenue of green certificates increased by 78% to RMB 4546 million[31] - Green electricity revenue additionally increased by 135% to RMB 3075 million[32] Installed Capacity Composition - Subsidiary-owned wind capacity is 2701 MW, representing 667% of the total attributable installed capacity[19] - Subsidiary-owned solar PV capacity is 576 MW, representing 142% of the total attributable installed capacity[19] - JV&Asso capacity is 773 MW, representing 191% of the total attributable installed capacity[19]

Financial Performance - The company's total assets increased by 3.6% to RMB 32362.63 million[4] - Net assets increased by 4.0% to RMB 8775.22 million[4] - Revenue increased by 31.7% to RMB 1753.26 million[4] - Profit attributable to owners of the company increased by 1.0% to RMB 501.37 million[4] - Fully diluted EPS increased by 7.2% to 6.23 RMB cents[4] Operational Performance - Attributable installed capacity increased by 11.3% to 4050 MW[11] - Attributable power generation increased by 14.1% to 4738 GWh[9] - Power generation revenue increased by 14.1% to RMB 1364.32 million[4] - The curtailment rate for wind power (attributable installed) increased by 5.7 percentage points to 9.7%[19] - The curtailment rate for solar power (attributable installed) increased by 13.2 percentage points to 19.5%[19] Strategic Initiatives - Newly secured construction approvals for 720 MW of solar PV projects[27] - Projects under construction reached 2513 MW, including 2211 MW of wind and 303 MW of solar PV[26] - Bank loans accounted for 33% of total financing, an increase of 10 percentage points[36] - Group average financing cost decreased by 45 bps to 4.15%[36] - Green certificate issuance increased by 98.2% year-on-year, with newly signed sales contracts totaling approximately RMB 27.38 million[45]

Financial Performance - Concord New Energy Group's total assets reached RMB 32,129.84 million, a 3.0% increase[5] - Net assets increased by 5.6% to RMB 8,906.31 million[5] - Revenue from continuing operations increased by 6.3% to RMB 2,752.05 million[5] - Profit attributable to owners of the company decreased by 16.5% to RMB 805.13 million[5] - The comprehensive financing rate decreased by 62 bps to 3.98%[14] Operational Highlights - Attributable installed capacity reached 4,615 MW, with 3,732 MW in wind power and 883 MW in solar PV[20] - Newly added attributable installed capacity was 566 MW[17] - Subsidiary-owned total power generation increased by 24.8% to 7,515 GWh[21] - Group administrative expenses decreased by 15%[28] Project Development - Worldwide wind & solar PV project development reached 1,399 MW[23] - Total construction scale reached 2,562 MW, including 566 MW completed in 2024[25] Operating Indicators - Wind power curtailment rate (Attributable Installed) increased by 5.8 percentage points to 9.5%[31] - Solar power curtailment rate (Attributable Installed) increased by 12.6 percentage points to 18.5%[31]

Company Overview - The Group is the sole fully integrated washed coking coal producer and exporter in Mongolia[13] - As of January 25, 2024, the Company became a 50% equity holder in EM, expecting first gold production from BKH mine in 2Q 2025[15] Coal Resources and Reserves - Total coal resources are 1,052 million tonnes, with 714 million tonnes above 300m and 338 million tonnes below 300m[14] - Total coal reserves are 630 million tonnes, including 601 million tonnes of coking coal and 29 million tonnes of thermal coal[14] - Total marketable coal reserves are 382 million tonnes, comprising 277 million tonnes of coking coal and 105 million tonnes of middling/thermal coal[14] Gold & Silver Resources and Reserves - Total gold resources are 1,192 Koz and total silver resources are 3,542 Koz[16] - Total gold reserves are 514 Koz and total silver reserves are 221 Koz[16] Industry Overview (China) - China's crude steel production is 1,019 million tonnes, a 1% increase, and coke production is 493 million tonnes, a 4% increase[20] - China's coking coal consumption is 592 million tonnes, and coking coal import is 103 million tonnes, a 61% increase[20, 21] Operational Performance - Washed coking coal products sales volume reached 6.7 million tonnes in 2023[28] - ROM coal production was 9.8 million tonnes in 2023, a 2.1x increase compared to 4.7 million tonnes in 2022[28] - Mongolian coal export reached 27.7 million tonnes in 2023, a 2.2x increase compared to 12.1 million tonnes in 2022[28] ASP & Cost Metrics - HCC ASP (average selling price) increased from $147.1/t in 2022 to $160.2/t in 2023[31] - Effective royalty rate decreased from 22% in 2022 to 16.5% in 2023[33] - HCC operating cash cost at DAP GM decreased from $98.6/t in 2022 to $77.4/t in 2023[36] Financial Performance - Revenue increased 1.9x from $546 million in 2022 to $1.03 billion in 2023[39] - EBITDA increased 3.8x from $134 million in 2022 to $509 million in 2023[39] - Profit increased 4.1x from $59 million in 2022 to $240 million in 2023[39] Balance Sheet - Debt to EBITDA ratio decreased from 2.79 in 2022 to 0.42 in 2023[45] - Debt to total asset ratio decreased from 20.5% in 2022 to 10.7% in 2023[45] - Debt to equity ratio decreased from 40.3% in 2022 to 18.3% in 2023[45] Sustainability Reporting (GHG Emissions) - Scope 1 direct emissions are 1.2 million tCO2e (3.8%), Scope 2 indirect emissions are 16.8 thousand tCO2e (0.1%), and Scope 3 indirect emissions are 29.5 million tCO2e (96.1%)[46] - Total emissions are 30.7 million tCO2e, with an emissions intensity of 2.11 tCO2e/ROMt[46]

Company Overview - Mongolian Mining Corporation (MMC) is the largest internationally listed private mining company in Mongolia, listed on the HKEx since 2010[11] - The company is diversifying its business by investing in gold, copper, and other non-ferrous metals[11] - As of January 25, 2024, MMC holds a 50% equity in EM, which owns the Bayan Khundii (BKH) gold mine[17] - As of March 11, 2025, MMC holds a 50.5% equity in Universal Copper LLC (UCC), an exploration company focused on copper and other non-ferrous metals[19] Operational Performance (Coking Coal) - ROM coal production increased from 146 million tonnes in 2023 to 163 million tonnes in 2024[58] - Total coal processing increased from 87 million tonnes in 2023 to 91 million tonnes in 2024[60] - Sales volume of washed coking coal products decreased from 98 million tonnes in 2023 to 86 million tonnes in 2024[62] BKH Gold Mine Project Update - The processing plant construction is 81% complete as of February 28, 2025, with full completion expected in Q2 2025[68] - Mining operations are expected to commence in Q2 2025, with a total life-of-mine (LOM) production of 476 Koz of recovered gold and 121 Koz of recovered silver[68] - Commercial production is expected to begin in Q3 2025, with the processing plant designed to process 650 Kt of ore per annum and produce an average of 74 Koz of gold in doré form per annum[69] Financial Overview - Revenue increased slightly from $10348 million in 2023 to $10399 million in 2024[77] - EBITDA decreased from $5090 million in 2023 to $4959 million in 2024[77] - Net profit increased from $1602 million in 2023 to $1684 million in 2024[77]

2022 Interim Results 25 Aug 2022 Agenda | Opening Remarks | Vincent Lo | | --- | --- | | | Chairman | | Business Review and | Stephanie Lo | | Outlook & Strategy | Executive Director, Shui On Land | | | Vice Chairman, Shui On Xintiandi | | Key Financial Highlights | Douglas Sung | | | CFO & CIO, Shui On Land | | Property Sales & Development | Jessica Wang | | | CEO, Shui On Land | | Shui On Xintiandi | Allan Zhang | | | CEO, Shui On Xintiandi | 2 Opening Remarks 3 Market Overview Macro challenges and COVID ...

Financial Performance - The company's profit was RMB 1,475 million[10], while the profit attributable to shareholders totaled RMB 906 million[10] - Property sales remained strong at RMB 11,695 million despite construction and handover delays[10], with contracted sales at RMB 272 billion[10] - Total rental income decreased mildly by 4%[10], reflecting tenant support, amounting to RMB 2,070 million[10] - Revenue dropped by 11% mainly due to the COVID-19 outbreak and subsequent lockdowns, reaching RMB 15,565 million[24] Financial Position - Net gearing ratio stayed at a healthy level of 45%[10, 31] - Cash and bank deposits stood at RMB 13,368 million[10, 31] - A share buyback plan of up to HK$500 million was implemented, with 35 million shares bought back during the year[10] Sustainability - Achieved a 275% decrease in Scope 1 and 2 carbon emissions intensity, a 122% decrease in energy intensity, and a 25% decrease in water intensity compared to 2021 levels[20] - 95% of total commercial properties area are certified[21] Property Development - Recorded total subscribed sales of RMB 1,427 million as of December 31, 2022, to be recognized in the coming months[55] - New acquisition in Shanghai Yangpu Binjiang with a total consideration of RMB 2,376 million and the Group interest is 60%[69] Shui On Xintiandi (SXTD) - SXTD's revenue reached RMB 2,702 million[85], with an operating profit of RMB 1,452 million[85] and net assets of RMB 34,026 million[85] - Real Estate Asset Management managed a portfolio of AUM RMB 303 billion as of December 31, 2022, with fee income increasing 40% year-over-year[90]

Financial Performance - Revenue decreased by 37% to RMB 9,752 million due to more sales being recognized as revenue of JV/Associates[11,25,32] - Net profit was RMB 1,397 million[11,25] - Profit attributable to shareholders was RMB 810 million[11,25,33] - Consolidated rental and related income increased by 16% to RMB 2,398 million, driven by new contributions from Shanghai Panlong Tiandi and Shanghai Hong Shou Fang[25,32,88] - Final dividend of HKD 0.058 per share was declared, bringing the full-year dividend to HKD 0.09 per share[11,33,36] Property Sales - Total property sales recognized as revenue amounted to RMB 5,898 million[25,26,32] - Total property sales, including revenue of associates and joint ventures, reached RMB 38,565 million[26] - Contracted sales of RMB 11,396 million were recorded, including residential property sales of RMB 7,208 million, commercial property sales of RMB 2,982 million, and other asset disposal of RMB 1,206 million[60] Financial Position - Total assets amounted to RMB 100,998 million[37,119,124] - Total cash and bank deposits were RMB 8,917 million[11,37,48,119,124] - Total debt was RMB 31,933 million[37,119] - Net debt was RMB 23,016 million[37,47,119] - Net gearing ratio was 52%[11,37,45,119] - Successfully issued the largest ever private green-mortgage-backed onshore CMBS with an issue size of RMB 4,401 million and a coupon rate of 3.9%[11,38] Commercial Portfolio - Total commercial properties valued at approximately RMB 100 billion[20] - Largest commercial landlord in Shanghai with a gross floor area (GFA) of 1.6 million square meters[20] - Total valuation of the projects under management amounted to RMB 290 billion, with a total GFA of 710,000 sq m[89] - Average occupancy of mature office properties reached 90%[97] - Overall sales and shopper traffic reached 106% and 110% of 2021 level, respectively[94]