协合新能源中期报告 2024

incorporated in Bermuda with limited liability於百慕 達註冊成 立 之有限公司 INTERIM REPORT中報 STOCK CODE 182股票代碼 CONTENTS目錄 Corporate Information公司資料3Management Discussion and Analysis管理層討論及分析5Report of the Directors董事會報告30Corporate Governance Report企業管治報告41Consolidated Statement of Profit or Loss綜合損益表42Consolidated Statement of Profit or Loss andOther Comprehensive Income綜合損益及其他全面收益表43 Consolidated Statement of Financial Position綜合財務狀況表44 Consolidated Statement of Changes in Equity綜合權益變動表47 Condensed Consolidated Cash FlowStatement簡明綜合現金流量表49 Notes to the Consolidated Interim FinancialStatements中期綜合財務報表附註51 公司資料 CORPORATE INFORMATION 董事會 BOARD OF DIRECTORS 執行董事 Executive directors Mr. Liu Shunxing(Chairman)Ms. Liu Jianhong(Vice Chairperson)Mr. Gui Kai(Chief Executive Officer)Mr. Niu WenhuiMr. Zhai FengMs. Shang JiaMr. Chan Kam Kwan, Jason 非執行董事 Non-executive director Mr. Wang Feng 獨立非執行董事 Independent non-executive directors Dr. Jesse Zhixi FangMs. Li YongliMs. Huang JianMr. Zhang Zhong 公司秘書 COMPANY SECRETARY Mr. Chan Kam Kwan, Jason 核數師 AUDITOR KPMGCertified Public AccountantsPublic Interest Entity Auditor registered in accordance with theFinancial Reporting Council Ordinance 金融機構 FINANCIAL INSTITUTIONS Industrial and Commercial Bank of China Co., Ltd.China Construction Bank Co., Ltd.Bank of China Co., Ltd.Shanghai Pudong Development Bank Co., Ltd.China Minsheng Banking Co., Ltd.Huaneng Tiancheng Financial Leasing Co., Ltd.Industrial Bank Financial Leasing Co., Ltd. CONCORD NEW ENERGY GROUP LIMITED2024 INTERIM REPORT4 註冊辦事處 REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda 香港主要辦事處 PRINCIPAL OFFICE IN HONG KONG 16393901 Suite 390139th FloorFar East Finance Centre16 Harcourt RoadAdmiraltyHong Kong 香港股份過戶登記分處 BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE IN HONG KONG 1617 Tricor Tengis Limited17th FloorFar East Finance CentreNo. 16 Harcourt RoadAdmiraltyHong Kong 網站 WEBSITE www.cnegroup.comwww.irasia.com/listco/hk/concordnewenergy/ en.cnegroup.comwww.irasia.com/listco/hk/concordnewenergy/ 管理層討論及分析 MANAGEMENT DISCUSSION AND ANALYSIS 一、經營環境 I.Business Environment 2024 In the first half of 2024, the Group operated in amacroeconomic environment characterized by bothfavorable and unfavorable factors. Overall, the conditionsremained positive for the industry development. 2024GDP20242.7% Despite various factors such as high international marketinterest rates and geopolitical tensions challenging globaleconomic growth, the World Economic Situation andProspects as of mid-2024 by the United Nations stillpredicts a 2.7% increase in global GDP for 2024. 20242 With technological advances and declining equipmentprices, the negative impact of high international financingrates on the economic viability of renewable powerinvestments has eased. Consequently, global cleanenergy investment continues to rise. According to theInternational Energy Agency, global investment in cleanenergy technologies and infrastructure is projected toreach approximately USD2 trillion in 2024. 202490% In the first half of 2024, the Chinese governmentintroduced new policies allowing areas with abundantresources to reduce their renewable energy utilization ratetarget to 90%, resulting in higher curtailment rates forwind and solar power in several provinces. Additionally,some provinces have cut the guaranteed utilization hoursfor renewable power plants. Financing rates in China’s market continue to trenddownward. Current policies are favorable for supportingand expanding investments in power grids and renewablepower plants, thereby promoting green consumption. M A N A G E M E N TD I S C U S S I O N A N D A N A LY S I S(Continued) 一、經營環境 I.Business Environment(Continued) （一）風電技術繼續進步，設備價格利於電站投資 (1)Wind Power Technology Advances, EquipmentPrices Favourable for Power Plant Investments 15MW18MW During this reporting period, the R&D of windturbine continued upsizing trend. A 15 MW onshorewind turbine has been introduced and is expected tobe deployed within the year, while 18 MW offshorewind turbines have already begun grid-connectedoperations. Additionally, there is increasing attentionon the high reliability and enhanced grid-formingcapabilities of wind turbines. 2023 The wind turbine prices in the international marketsaw a slight decline in compared to the peak in2023. In the Chinese market, the continuousadvancements in technology and the increase inturbine size have driven down the price per kilowattof wind turbines. This positive trend enhances theattractiveness of wind power project investments byreducing risks. 管理層討論及分析 M A N A G E M E N TD I S C U S S I O N A N D A N A LY S I S(Continued) 一、經營環境 I.Business Environment(Continued) （二）光伏組件技術創新活躍，價格下降提振投資需求 (2)Active Technological Innovation in PV Modules,Declining Prices Drive Investment Demand TOPConNBC N-type solar photovoltaic modules, particularlyTOPCon, are increasingly c