Concord New Energy Group Ltd. Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'24

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Dec'18

Net Sales

2,983.84

2,860.45

2,791.23

2,646.09

2,248.23

2,081.78

1,674.90

Other Operating Income

0.00

Total Operating income

2,983.84

2,860.45

2,791.23

2,646.09

2,248.23

2,081.78

1,674.90

Raw Material Cost

1,372.05

1,307.23

1,093.78

1,055.62

876.80

836.52

660.20

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

253.36

299.52

248.70

366.01

296.08

287.07

219.40

Power Cost

0.00

Manufacturing Expenses

741.55

711.80

633.71

537.67

454.44

436.34

356.77

Selling and Distribution Expenses

356.76

454.96

402.57

388.99

365.61

358.92

296.03

Other Expenses

-99.49

-101.13

-88.24

-90.37

-75.05

-72.34

-57.62

Total Expenditure (Excl Depreciation)

1,728.81

1,762.19

1,496.36

1,444.61

1,242.42

1,195.44

956.22

Operating Profit (PBDIT) excl Other Income

1255

1098.3

1294.9

1201.5

1005.8

886.3

718.7

Other Income

194.56

522.11

370.49

349.39

178.80

65.83

212.26

Operating Profit (PBDIT)

2,454.83

2,458.20

2,365.18

2,154.76

1,793.52

1,528.09

1,356.93

Interest

741.55

711.80

633.71

537.67

454.44

436.34

356.77

Exceptional Items

1.79

0.05

50.69

-79.49

-8.21

41.00

42.74

Gross Profit (PBDT)

1,611.79

1,553.21

1,697.45

1,590.47

1,371.43

1,245.26

1,014.71

Depreciation

967.92

797.51

681.25

589.00

602.31

568.16

414.98

Profit Before Tax

747.16

948.94

1,100.91

948.60

728.54

564.59

627.93

Tax

-9.54

169.98

258.68

146.71

88.12

44.32

19.30

Provisions and contingencies

0.00

Profit After Tax

872.94

969.64

991.52

949.14

756.70

685.22

595.08

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

872.94

969.64

991.52

949.14

756.70

685.22

595.08

Share in Profit of Associates

0.00

Minority Interest

76.37

19.12

49.71

36.55

12.14

10.01

13.55

Other related items

0.00

Consolidated Net Profit

949.32

988.76

1,041.22

985.70

768.84

695.23

608.63

Equity Capital

0.00

Face Value

0.01

0.0

0.01

0.0

Reserves

9,274.56

9,119.67

8,793.01

9,069.20

7,611.65

6,648.15

6,292.75

Earnings per share (EPS)

0.11

0.12

0.11

0.09

0.08

0.07

Diluted Earnings per share

0.11

0.12

0.11

0.09

0.08

0.07

Operating Profit Margin (Excl OI)

43.31%

39.8%

47.06%

45.97%

45.03%

42.95%

43.57%

Gross Profit Margin

57.48%

61.06%

63.85%

58.11%

59.2%

54.41%

62.27%

PAT Margin

29.26%

33.9%

35.52%

35.87%

33.66%

32.91%

35.53%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2024 is 4.31% vs 2.48% in Dec 2023

Consolidate Net Profit

YoY Growth in year ended Dec 2024 is -3.99% vs -5.03% in Dec 2023

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2024 is 16.75% vs -2.94% in Dec 2023

Interest

YoY Growth in year ended Dec 2024 is 4.17% vs 12.32% in Dec 2023

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2024 has improved from Dec 2023

Compare Annual Results Of Concord New Energy Group Ltd. With

Select Peers

Figures in Million

Consolidate Annual Results

Change(HKD)

Change(%)

Net Sales

2,983.84

1,32,429.14

-1,29,445.30

-97.75%

Other Operating Income

0.00

Total Operating income

2,983.84

1,32,429.14

-1,29,445.30

-97.75%

Raw Material Cost

1,372.05

1,05,089.34

-1,03,717.29

-98.69%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

253.36

0.00

253.36

Power Cost

0.00

Manufacturing Expenses

741.55

5,748.90

-5,007.35

-87.10%

Selling and Distribution Expenses

356.76

13,608.23

-13,251.47

-97.38%

Other Expenses

-99.49

-574.89

475.40

82.69%

Total Expenditure (Excl Depreciation)

1,728.81

1,18,697.57

-1,16,968.76

-98.54%

Operating Profit (PBDIT) excl Other Income

1,255.03

13,731.58

-12,476.55

-90.86%

Other Income

194.56

137.86

56.70

41.13%

Operating Profit (PBDIT)

2,454.83

29,717.92

-27,263.09

-91.74%

Interest

741.55

5,748.90

-5,007.35

-87.10%

Exceptional Items

1.79

-1,566.35

1,568.14

100.11%

Gross Profit (PBDT)

1,611.79

27,339.80

-25,728.01

-94.10%

Depreciation

967.92

15,850.16

-14,882.24

-93.89%

Profit Before Tax

747.16

6,552.51

-5,805.35

-88.60%

Tax

-9.54

1,916.40

-1,925.94

-100.50%

Provisions and contingencies

0.00

Profit After Tax

872.94

3,302.35

-2,429.41

-73.57%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

872.94

3,302.35

-2,429.41

-73.57%

Share in Profit of Associates

0.00

Minority Interest

76.37

2,559.96

-2,483.59

-97.02%

Other related items

0.00

Consolidated Net Profit

949.32

5,862.30

-4,912.98

-83.81%

Equity Capital

0.00

Face Value

0.01

1.06

0.00

Reserves

9,274.56

32,160.37

-22,885.81

-71.16%

Earnings per share (EPS)

0.11

0.18

-0.07

-38.89%

Diluted Earnings per share

0.11

0.18

-0.07

-38.89%

Operating Profit Margin (Excl OI)

43.31%

10.37%

0.00

32.94%

Gross Profit Margin

57.48%

16.92%

0.00

40.56%

PAT Margin

29.26%

2.49%

0.00

26.77%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 298.38 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is 4.31% vs 2.48% in Dec 2023

Annual - Consolidate Net Profit

Consolidate Net Profit 94.93 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is -3.99% vs -5.03% in Dec 2023

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 226.03 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is 16.75% vs -2.94% in Dec 2023

Annual - Interest

Interest 74.15 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is 4.17% vs 12.32% in Dec 2023

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 43.31%

in Dec 2024

Figures in %

YoY Growth in year ended Dec 2024 has improved from Dec 2023