博耳电力中期报告2023

Contents 2CORPORATE INFORMATION 28CONDENSED CONSOLIDATED CASHFLOW STATEMENT 4MANAGEMENT DISCUSSIONAND ANALYSIS 29NOTES TO THE INTERIM FINANCIALSTATEMENTS 18CORPORATE GOVERNANCEAND OTHER INFORMATION 24CONSOLIDATED STATEMENT OF PROFITOR LOSS AND OTHER COMPREHENSIVEINCOME 25CONSOLIDATED STATEMENT OFFINANCIAL POSITION 27CONSOLIDATED STATEMENT OFCHANGES IN EQUITY CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors Mr. Qian Yixiang(Chairman and Chief Executive Officer)Ms. Jia Lingxia(Chief Operating Officer)Mr. Zha Saibin(Mr. Yu Wai Ming as his alternate Director)Mr. Qian ZhongmingMr. Yu Wai Ming Independent Non-executive Directors Mr. Tang JianrongMr. Qu WeiminMr. Lai Wai Leuk AUDIT COMMITTEE Mr. Lai Wai Leuk(Chairman)Mr. Tang JianrongMr. Qu Weimin REMUNERATION COMMITTEE Mr. Lai Wai Leuk(Chairman)Mr. Tang JianrongMr. Qu WeiminMr. Qian YixiangMs. Jia Lingxia NOMINATION COMMITTEE Mr. Lai Wai Leuk(Chairman)Mr. Tang JianrongMr. Qu WeiminMr. Qian YixiangMs. Jia Lingxia COMPANY SECRETARYMr. Chan Shiu Pui AUTHORISED REPRESENTATIVES Ms. Jia LingxiaMr. Chan Shiu Pui AUDITORBDO Limited LEGAL ADVISERReed Smith Richards Butler LLP INVESTOR AND MEDIA RELATIONSCONSULTANT Financial PR (HK) Limited CORPORATE INFORMATION(continued) REGISTERED OFFICE Windward 3Regatta Office ParkP.O. Box 1350Grand CaymanKY1-1108Cayman Islands Windward 3Regatta Office ParkP.O. Box 1350Grand CaymanKY1-1108Cayman Islands HEAD OFFICE IN THE PRC Luoyang RoadYangshi Industrial ParkHuishan DistrictWuxi CityJiangsu ProvincePRC PRINCIPAL PLACE OF BUSINESS IN HONGKONG Unit D, 6th FloorNeich Tower128 Gloucester RoadWanchai, Hong Kong 1286D PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMAN ISLANDS Ocorian Trust (Cayman) LtdWindward 3Regatta Office ParkP.O. Box 1350Grand CaymanKY1-1108Cayman Islands Ocorian Trust (Cayman) LtdWindward 3Regatta Office ParkP.O. Box 1350Grand CaymanKY1-1108Cayman Islands HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong COMPANY’S WEBSITEwww.boerpower.com www.boerpower.com 1685 STOCK CODE MANAGEMENT DISCUSSION AND ANALYSIS The board (the “Board”) of directors (the “Directors”) of BoerPower Holdings Limited (the “Company” or “Boer Power”) ispleased to present this interim report, including the unauditedinterim financial statements of the Company and its subsidiaries(collectively, the “Group”) for the six months ended 30 June 2023(“1HY2023” or the “Period”). MARKET REVIEW (GDP)59.35.5%3.8%24.30.6 In 1HY2023, the international financial situation was volatile, andthe macroeconomic environment faced multiple uncertainties,such as ongoing geopolitical conflicts and various central banksworldwide announcing interest rate hikes to combat high inflation,leading to a slowdown in global economic growth and a declinein commodity consumption demand. China’s overall economicrecovery continued, with gradual recovery in production demand,stable employment, and consumer prices. However, marketdemand remained insufficient, and the business environment forenterprises was challenging. According to data from the NationalBureau of Statistics, the gross domestic product (GDP) in1HY2023 reached RMB59.3 trillion, with a year-on-year growthof 5.5% when calculated at constant prices, and the nationalfixed asset investment (excluding rural households) increased by3.8% year-on-year to RMB24.3 trillion, but the growth of externaldemand slowed down due to factors like weak global economicgrowth and a high base from the previous year, resulting in adecrease in the goods trade surplus year on year. In 1HY2023,net exports of goods and services dragged the economy downby 0.6 percentage points, reflecting a more complex and severeexternal economic environment and putting pressure on domesticeconomic development. Nevertheless, China’s long-term positiveeconomic fundamentals remain unchanged, and with the gradualaccumulation of positive factors promoting development, theeconomy is expected to continue recovering and improving. MANAGEMENT DISCUSSION AND ANALYSIS(continued) The digital economy has become a new engine for globaleconomic development and an important force for nationaleconomic growth and transformation. This development hasalso benefited the informationisation and digitalisation of thepower industry. According to the 2022-2023 Global ComputingIndex Report jointly published by Tsinghua University and otherinstitutions, the digital economy continues to grow strongly,and the share of the digital economy in GDP of major countriescontinued to raise in 2022 to 2023, and is expected to reach54% by 2026. In 2023, China’s digital transformation technologyspending, including in areas such as the power industry, isexpected to increase by over 16%, laying the foundation forhigh-quality development. Data centres, as carriers of thedigital economy, are rapidly developing, supporting th