2022 Performance Highlights - Anton Oilfield Services Group achieved revenue of RMB 3,514.9 million in 2022[14] - Profit attributable to equity holders reached RMB 293.8 million in 2022[14] - Overseas markets experienced substantial growth, with the Iraqi market growing by 48% to RMB 1,536.0 million[18], and other overseas markets growing by 16.2% to RMB 485.2 million[18] - New businesses contributed a growing percentage of total revenue, reaching 41% in 2022[21] - Free cash flow reached a historical high of RMB 426.0 million in 2022[29] - The company reduced its financial leverage, with the gearing ratio decreasing to 58.6% and Debt/EBITDA decreasing to 2.0X[32] Strategic Initiatives and Developments - Anton successfully introduced strategic investors into T-ALL inspection, financing RMB 252 million through selling 18.69% of T-ALL's interests[24] - The company is pursuing asset securitization, with plans to spin off the inspection business to the A-share market[24] - Anton is focused on precision engineering technology services, which led to a production increase of over three times in a tight sandstone gas reservoir project in North China[22] 2023 Outlook and Growth Strategies - The company aims to capitalize on the widening global oil and gas supply gap and opportunities for stable development[39, 40] - Anton plans to expand its global presence, focusing on markets like Iraq, West Africa, China, Indonesia, and other emerging regions[47] - The company intends to promote precision engineering technology to upgrade traditional business and change the competitive landscape[39, 50] - Anton will continue to develop unique and innovative businesses, including oilfield management, asset leasing, inspection, and digital services[39, 53] - The company aims to improve operating efficiency and deliver quality results through data-driven strategies[39, 74]

Financial Performance - The company's revenue increased by 12.1% from RMB 1,688.0 million in 1H 2022 to RMB 1,892.4 million in 1H 2023 [9] - Profit attributable to owners of the company increased by 7.9% from RMB 90.7 million in 1H 2022 to RMB 97.9 million in 1H 2023 [9] - Free cash flow increased by 14.0% from RMB 150.2 million in 1H 2022 to RMB 171.2 million in 1H 2023 [9] Business Growth and Strategy - Overseas business led the growth, with revenue in Iraq increasing by 37.5% from RMB 720.0 million in 1H 2022 to RMB 990.0 million in 1H 2023 [13] - Revenue in other overseas markets increased by 11.2% from RMB 214.8 million in 1H 2022 to RMB 238.8 million in 1H 2023 [14] - Revenue from innovative businesses grew more than 30% [19] - Innovative businesses contributed more than 50% of total revenue, with RMB 1,025.0 million in 1H 2023 compared to RMB 788.1 million in 1H 2022 [19] - Revenue in the domestic market decreased by 12.1% from RMB 753.2 million in 1H 2022 to RMB 662.0 million in 1H 2023 [16] Future Outlook and Opportunities - The industry anticipates rapid growth in unconventional oil and gas development [43] - The company aims to seize opportunities in domestic and overseas markets, focusing on stimulation services and natural gas utilization [46, 47] - The company will continue to develop the Anton platform by matching online and offline businesses [54] - The company will implement full-process cash flow management [58]

Financial Performance - The company's revenue hit a historical high of RMB 4,434.8 million in FY2023[15], a 26.2% increase compared to RMB 3,514.9 million in FY2022[9] - Profit attributable to equity holders increased by 17.3% from RMB 426.0 million in FY2022 to RMB 499.5 million in FY2023[9] - Free cash flow increased by 18.5% from RMB 164.5 million to RMB 195.0 million[9] - The company paid dividends of RMB 39 million[32] Business Growth and Structure - Revenue from international business surpassed 60% of the total revenue[11, 16], reaching 60.6% in 2023 compared to 57.5% in 2022[17] - International business revenue grew by over 33%[18] - Innovative business revenue grew rapidly, reaching RMB 2,298.4 million in FY2023[19], a 37.4% increase compared to RMB 1,672.2 million in FY2022[19] - The proportion of innovative business increased, accounting for 51.8% of revenue in 2023 compared to 47.6% in 2022[21] - Traditional engineering services revenue rose 15.9%[27] Strategic Outlook - The company will fully deploy the global market, promoting continuous growth in international business[46] - The company will transform business model by advancing digitalization and platform-based development[46] - The company will continue to implement asset securitization strategy, promote business growth, and enhance investor returns[46]

Financial Performance - Revenue increased by 15% from RMB 1,892.4 million in H1 2023 to RMB 2,176.3 million in H1 2024[9] - Profit attributable to equity holders increased by 8.2% from RMB 97.9 million in H1 2023 to RMB 105.9 million in H1 2024[9] - Free cash flow increased by 15.2% from RMB 171.2 million in H1 2023 to RMB 197.2 million in H1 2024[9] - New orders reached a record high of over RMB 4.8 billion in H1 2024[12] Business Operations - Revenue in China remained stable at approximately RMB 665.2 million in H1 2024 compared to RMB 663.6 million in H1 2023[14] - Revenue in Iraq surged to RMB 1,241.1 million in H1 2024 from RMB 990.0 million in H1 2023[16] - Revenue from new markets increased by 12.4% to RMB 270.0 million in H1 2024 from RMB 238.8 million in H1 2023[17] - Traditional services revenue increased by 24.0% from RMB 680.5 million in H1 2023 to RMB 844.0 million in H1 2024[23] - Innovative services revenue increased by 17.4% from RMB 1,029.6 million in H1 2023 to RMB 1,208.9 million in H1 2024[23] Strategic Initiatives - The company won the super project of Iraq Dhufriyah oilfield development, securing a 25-year development right[11, 30] - The company paid a 2023 annual dividend of RMB 39 million and resumed its dividend policy[34] - The company repurchased and cancelled 26.1 million shares from the secondary market[35]

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]