协合新能源中期报告 2025

Clarendon House2 Church StreetHamilton HM11Bermuda 3021-01/02 30494901 1617 cn.cnegroup.comwww.irasia.com/listco/hk/concordnewenergy 202520252%2.2 2025 2025616.7 2025 TOPConN(BC)BIPV450kW 587Ah 2025EU Hydrogen Bank1510ENNOH 202520255(LPR)103.5% 2025 20251,400,31920241,498,8576.6%281,9402024501,37043.8%3.5820246.243.5820246.23 20256 308,900,049202412 318,906,3061.11202412311.0973.20%2024123172.28% 1 20256304,778MW20244,050MW3,844MW934MW3,380MW70.7% 2.6%28.0% 20251,14253112.9%32.6% 2 20252.1%28.6%7.8% 40%26% 1 600MW152.5MW300MW 2 136 2025191MW140MW51MW 1 2 3 3.15%3.63% 4 2 (ESG) 2025ESG5% 10.4%20256736 2025 1 + 2 3 4 5 6 REITs 7 2025630XV352XV 2025630 1.China Wind Power Investment LimitedCWPI1,002,877,155Splendor Power Limited751,837,087CWPICNE Group LimitedPermanent Growth LimitedCNE Group Limited46.77%Splendor Power Limited99%37,500,000 2.150,000,00029,710,000 (ii) 2025630XV352XV 20156152017629)202311172025615 (i)(ii)(iii) 102025615 5%) 1%) 202511148,161,74820256306 (i)(ii)17,250,00020252172025630 20 2025615 20256306 25%25%25%25% 2022215202321520242152025215 2. 3.0.425 4.0.425 18 20256303365% (i) 1.CWPICWPICNE Group LimitedCNE Group Limited46.77% 2.Splendor Power LimitedSplendor Power Limited 99% 2025630336336 2025630645,250,000104,360,000 20256306 20256306C1 202542024 C320256306 20256306 2410-20256306 202581 2255202563063434 2410 202563034 108 202581 20256306– 2025630– 20256306– 20246306– 2025630– 1616 1 34202581 202420252 34 2410 2 21 3 • • 3 20256302024630 4 6306 (i) (ii) 4 5 6306 (i) 6 17 7 202563062.45%3.95%20242.45%5.19% 8 9 202516.5%202416.5%2008.25%16.5%2024 25%202425% 202563062024 20081110%25%5%5%10% 9 2021 (i)2024625202220235%202220231,800,000,00010%90,000,0002024 10 (a) 20256306 10 (a) (b) 11 20256306202412310.035202312310.03520256306251,442,0002024258,890,0002025742024202473 202563062024 12 202563061,418,708,00020241,148,351,0002,230,187,00017 13 (i) 3018012 2025630 2025630 3366121 2 0 2 5中 期 報 告 13 (ii) 20204202012020520201201232012102 2025630 (iii) 2025630263,412,0002024159,039,000 9 15 1,042,000202412311,778,000164,00020241231900,000878,00020241231878,000 3,605,000202412312,756,0003,605,000202412312,756,00020241231 4.75%6.55% 17 20248202511520251172025127506,107,00065,000,000636,241,0002024123112 2025630 2025630105,061,00014,637,000 20254202512 17 (a) 2025630 (b) (c) 2025630155,622,00020241231156,837,0002024 20256306202412316 19 20 202563062,256,290,00020241,721,104,000359,433,0002024168,000,0007,350,000202520403.00%3.95%20243.75%4.30% (i)2025523202412310.0352025630251,442,000 22 (a) (i)20256306104,360,00042,051,000104,360,000968,000 22 (b) 202563058,400,0002024123175,650,000 23 20211017,250,0002025215 20256 306188,00020244,074,000 24 202563020241231 25 20256306 (i) (ii)4.75%6.55% 26 26 26 (a)5%936,000987,0002024948,000998,000 (b) 26 27 202463062024123120246302024630202511 CN.CNEGROUP.COM