Concord New Energy : 2020 Interim Report Summary

Concord New Energy Group Ltd.(0182.hk)

-- An Experienced Wind & Solar Developer and Operator

2021

Interim Results Presentation

4th Aug. 2021

2021 Interim Results Presentation

Disclaimer

• This document has been prepared for general information purposes only and is not, and should be not construed as, an offer for sell or a solicitation of an offer to buy any securities
• Information and opinions contained herein have been compiled in good faith by Concord New Energy Group Limited from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness
• All opinions and estimates contained in this document are provided in good faith but without legal responsibility and are subject to change without notice
• Neither Concord New Energy Group Limited and/or any of its subsidiaries or affiliates, nor any of its or their officers, employees or representatives, accepts any responsibility or liability whatsoever from any actions or claims arising from any use or interpretation of the information contained herein

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				2021 Interim Results Presentation
1H2020 Financial Summary
			Unit: Million RMB
		As of 30th Jun. 2021	As of 31st Dec. 2020	Change
	Total Assets	20,084.31	19,528.28	2.85%
	Net Assets	6,706.97	6,494.50	3.27%
	Cash and Cash Equivalents	1,777.06	2,608.07	-31.9%
Key Financial Data
	As of 30th Jun. 2021	As of 30th Jun. 2020	Change
	Revenue	970.26	999.54	-2.93%
	Profit Attributable to	403.21	379.39	6.28%
	Owners of the Company
	Fully Diluted EPS	4.85 cents	4.31 cents	12.53%
Segment Revenue	Power Generation1	865.34	908.42	-4.74%
Others	104.92	91.12	15.14%
Segment Results2	Power Generation	656.19	581.00	12.94%
Others	-34.37	2.64	-

1.	Power generation revenue from consolidated power plants	deferred tax contribution and
2.	The Segment Results are the earnings before interest and tax and disposal gain. The Power Generation includes the power generation, URP release,	3
	shared profits of joint ventures.

2021 Interim Results Presentation

Profit Indicators Steadily Increased, Debt Ratio Continuously Decreased

		1H2021	1H2020	Change
Profit Attributable to Owners of the	403.21	379.39	6.3%
Company (Million RMB)
Power Generation Profit	530.03	486.54	8.9%
(Million RMB)
Retune on Equity	%	6.31	6.16	2.4%
		1H2021	2020	Change
Assets Liability Ratio	%			-0.2%
Assets Liability Ratio	66.61	66.74
=Total Liability/Total Asset

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2021 Interim Results Presentation

Asset Structure Optimized Continuously, Power Generation Profits Increased Steadily

• In 1H2021, the company's power generation business revenue accounted for 89%,and the power generation output and profits maintained a steady increase. The asset structure has been further optimized by selling assets with subsidy and high-quality grid parity projects put into operation successively.

	Attributable Installed	Attributable Power	Power Generation	Attributable Power
	Generation Net Profit
	Capacity MW	Generation (GWh)	Revenue ( ' 000RMB)
	( ' 000RMB)
	1H2021	1H2020	Change	1H2021	1H2020	Change	1H2021	1H2020	Change	1H2021	1H2020	Change
Total	2,406	2,266	6.2%	2,662	2,463	8.1%	865,340	908,418	-4.7%	530,033	486,017	9.1%
Total Wholly-owned	1,775	1,576	12.6%	1,847	1,759	5.0%	865,340	908,418	-4.7%	409,397	390,746	4.8%
Power Plants
Wind	1,592	1,273	25.1%	1,735	1,523	13.9%	771,186	722,084	6.8%	375,337	332,619	12.8%
Solar	183	303	-39.6%	112	236	-52.6%	94,154	186,334	-49.5%	34,060	58,127	-41.4%
Total Associates and	631	690	-8.6%	815	704	15.7%	-	-	-	120,636	95,271	26.6%
JV Power Plants

Remark: Attributable Net Profit refers to the sum of net profit of power plants based on attributable calculation. The income of associates and JV power plants are not consolidated.

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