协合新能源中期报告 2023

（於百慕達註冊成立之有限公司）(incorporated in Bermuda with limited liability) 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26Corporate Governance Report企業管治報告38Consolidated Statement of Profit or Loss綜合損益表39Consolidated Statement of Profit or Loss andOther Comprehensive Income綜合損益及其他全面收益表40 Consolidated Statement of Financial Position綜合財務狀況表41Consolidated Statement of Changes in Equity綜合權益變動表44Condensed Consolidated Cash FlowStatement簡明綜合現金流量表46Notes to the Consolidated Interim FinancialStatements中期綜合財務報表附註48 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 Jia 非執行董事 Non-executive director Mr. Wang Feng 獨立非執行董事 Independent non-executive directors Mr. Yap Fat Suan, HenryDr. Jesse Zhixi FangMs. Huang JianMr. Zhang ZhongMs. Li Yongli 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.Hua Xia Bank Co., Ltd.Industrial Bank Co., Ltd.Bank of Ningbo Co., Ltd.China Merchants Bank Co., Ltd.China Citic Bank International LimitedHang Seng Bank (China) LimitedHuaneng Tiancheng Financial Leasing Co., Ltd.China Resources Leasing Co., Ltd. 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/ www.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 2023202320231.9% Since 2023, the energy crisis triggered by the COVID-19pandemic and the Russia-Ukraine conflict has eased.However, soaring inflation, currency tightening, andinternational geopolitical tensions in many countrieshave brought about sustained uncertainty. According tothe United Nations’ report “World Economic Situationand Prospects 2023”, the global economic growth rateis expected to decline to a near-decade low of 1.9%in 2023, with some major economies facing recessionchallenges. 20231.7 With the improvement in the cost competitivenessof renewable energy, energy security, and the needto address climate change, global renewable energyinvestment continues to grow. According to the “WorldEnergy Investment 2023” report by the InternationalEnergy Agency, global clean energy investment is projectedto increase to US$1.7 trillion in 2023. China, the EuropeanUnion, and the United States are leading the way globallyin terms of investment scale. （一）風機延續大型化趨勢，造價整體穩中有降 (1)The Upsizing Trend of Wind Turbine Continues,the Cost of Wind Turbine is Relatively Stablewith Declines 10MW18MW During the reporting period, wind turbinescontinued the trend towards larger size turbines,taller towers, and longer blades. Onshore windturbines have introduced the 10MW model, whileoffshore wind turbines have reached 18MW. Withthe raw material price drops and supply chainimprovements, global wind turbine prices haveremained relatively stable with declines over the pastsix months. Chinese wind turbine manufacturersmaintained their price competitiveness by leveragingtechnological innovations and scale advantages. Theprice reduction is more significant in the Chinesemarket. 管理層討論及分析 MANAGEMENT DISCUSSION AND ANALYSIS(Continued) 一、經營環境 （二）光伏N型組件受到青睞，產能提升價格逐步下行 (2)N-type Solar Panels Win Market Popularity,Price is Falling as Production Rises TOPConN Global demand for photovoltaic panels keeps strong,and the overall market is expected to maintain high-speed growth. Some countries are increasing theirpolicy support for the localization of the solar powersupply chain, while photovoltaic panel manufacturersfrom China have significant advantages in termsof panel efficiency, production capacity, and costcompetitiveness. N-type photovoltaic panels, mainlyTOPCon, win market popularity due to their higherefficiency, and its market penetration rate is rapidlyincreasing. As a result of the production capacity riseof the solar photovoltaic supply chain, solar panelprices have entered a rapid downward trend. （三）新型儲能市場蓬勃發展，綠氫產業前景看好 (3)Novel Energy Storage Market Flourishes,Promising Future for Green Hydrogen Industry The novel energy storage market, particularly batteryenergy storage, is experiencing rapid growth. China,the United States, and the European Union arethe major players