鑫达投资控股二零二四年年报

( incorporated in the Cayman Islands with limited liability)Stock Code1281 ANNUAL REPORT2024 Corporate Information02 Chairman’s Statement05 Management Discussion and Analysis07 Directors and Senior Management15 Report of Directors19 Corporate Governance Report40 Independent Auditor’s Report65 Consolidated Statement of Profit or Loss73 Consolidated Statement of Comprehensive Income74 Consolidated Statement of Financial Position75 Consolidated Statement of Changes in Equity77 Consolidated Statement of Cash Flows78 Notes to the Consolidated Financial Statements79 Financial Summary168 Corporate Information公司資料 BOARD OF DIRECTORS Executive Directors Mr. Wei Qiang(Chairman and Chief Executive Officer)Ms. Zou Yanhong(Appointed with effect on 1 December 2024) Independent Non-executive Directors Dr. Han QinchunMr. Wong, Yik Chung JohnMr. Feng Zhidong AUDIT COMMITTEE Mr. Wong, Yik Chung John(Chairman)Dr. Han QinchunMr. Feng Zhidong REMUNERATION COMMITTEE Dr. Han Qinchun(Chairman)Mr. Wong, Yik Chung JohnMr. Wei Qiang NOMINATION COMMITTEE Mr. Wei Qiang(Chairman)Mr. Wong, Yik Chung JohnMr. Feng Zhidong AUTHORISED REPRESENTATIVES Mr. Wei QiangMs. Zou Yanhong COMPANY SECRETARY Ms. Zou Yanhong AUDITOR 11125 BDO LimitedCertified Public Accountants25/F, Wing On Centre111 Connaught Road CentreHong Kong REGISTERED OFFICE Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands HEADQUARTERS IN THE PRC 66 Longjitaihe Industrial Park66 Dongfang RoadGaobeidian CityHebei ProvincePRC PRINCIPAL PLACE OF BUSINESS INHONG KONG 26121231 Room 1231, 12/F China Resources Building26 Harbour RoadWanchaiHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMANISLANDS Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Corporate Information公司資料 HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS China Development BankBank of ChinaIndustrial & Commercial Bank of ChinaChina Minsheng Bank www.xindaholdings.com COMPANY’S WEBSITE www.xindaholdings.com STOCK CODE 1281 1281 (Main Board of The Stock Exchange of Hong Kong Limited) Dear Shareholders, On behalf of the board (the “Board”) of directors (the “Directors”) of XindaInvestment Holdings Limited (the “Company”) together with its subsidiaries(collectively,the“Group”),I hereby present the annual report of theCompany for the year ended 31 December 2024 (the “Reporting Period”)to all shareholders (the “Shareholders”). FINANCIAL PERFORMANCE 277.57(GW)28.3%880GW In 2024, the global economy recovered slowly, but the momentum ofgrowth was still insufficient. The economy of the People’s Republic of China (the“PRC”) is making steady progress and moving towards high-quality growth.After simultaneous increases in both price and volume over the past fewyears, China’s solar industry experienced extreme highs and lows in 2024.On the one hand, there was a surge in installed capacity. In 2024, China’snew installed capacity of solar power reached a new peak of 277.57gigawatts (GW), an increase of 28.3% over the same period last year. Thecumulative installed capacity exceeded 880GW. The installed capacity inthe past two to three years has exceeded the total installed capacity in thepast ten years. On the other hand, the ever-increasing installed capacityhas put pressure on the power grid, and the power generation capacity ofmany power plants has been restricted. At the same time, the participationof power plants in market-based power trading has also led to unstableelectricity prices, affecting their revenue, and continuously suppressing theprofits of enterprises. 114,231,000114,030,00024,418,00018,179,00054,024,000 Duringthe Reporting Period,the Group recorded a revenue ofRMB114,231,000(same period in 2023:RMB114,030,000),basicallyunchanged from the same period of last year. The loss attributable toowners of the Company was RMB24,418,000 (same period in 2023: lossattributable to owners of the Company was RMB18,179,000). The lossincreased compared with the same period of last year, mainly due to (amongother things) the fact that the recovery of the state subsidy for renewableenergy generation (the “State Subsidy”) for a solar power plant of theGroup was not optimistic. For the sake of prudence, the managementmade a total impairment provision of approximately RMB54,024,000 forthe State Subsidy receivables and power plant assets relating to the powerplant during the Reporting Period. Chairman’s Statement主席報告 OUTLOOK Energytransformation and carbon neutrality goals remain core issuesin China’s energy development. As an important component of cleanenergy, solar power generatio