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

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Dec'18

Dec'17

Net Sales

2,860.45

3,115.78

2,646.09

2,248.23

2,081.78

1,674.90

1,194.56

Other Operating Income

0.00

Total Operating income

2,860.45

3,115.78

2,646.09

2,248.23

2,081.78

1,674.90

1,194.56

Raw Material Cost

1,307.23

1,261.02

1,055.62

876.80

836.52

660.20

742.30

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

457.28

366.01

296.08

287.07

219.40

173.99

Power Cost

0.00

Manufacturing Expenses

711.80

635.30

537.67

454.44

436.34

356.77

213.21

Selling and Distribution Expenses

454.96

516.44

388.99

365.61

358.92

296.03

236.25

Other Expenses

-71.18

-109.26

-90.37

-75.05

-72.34

-57.62

-38.72

Total Expenditure (Excl Depreciation)

1,762.19

1,777.46

1,444.61

1,242.42

1,195.44

956.22

978.55

Operating Profit (PBDIT) excl Other Income

1098.3

1338.3000000000002

1201.5

1005.8

886.3

718.7

216

Other Income

562.44

370.08

349.39

178.80

65.83

212.26

232.18

Operating Profit (PBDIT)

2,470.84

2,415.68

2,154.76

1,793.52

1,528.09

1,356.93

689.42

Interest

711.80

635.30

537.67

454.44

436.34

356.77

213.21

Exceptional Items

0.05

50.70

-79.49

-8.21

41.00

42.74

-52.97

Gross Profit (PBDT)

1,553.21

1,854.76

1,590.47

1,371.43

1,245.26

1,014.71

452.26

Depreciation

810.14

688.57

589.00

602.31

568.16

414.98

257.91

Profit Before Tax

948.94

1,142.52

948.60

728.54

564.59

627.93

165.33

Tax

169.98

264.95

146.71

88.12

44.32

19.30

73.74

Provisions and contingencies

0.00

Profit After Tax

969.64

1,013.82

949.14

756.70

685.22

595.08

230.66

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

969.64

1,013.82

949.14

756.70

685.22

595.08

230.66

Share in Profit of Associates

0.00

Minority Interest

19.12

62.74

36.55

12.14

10.01

13.55

7.59

Other related items

0.00

Consolidated Net Profit

988.76

1,076.56

985.70

768.84

695.23

608.63

238.25

Equity Capital

0.00

Face Value

0.0

0.01

0.0

Reserves

9,119.67

8,793.01

9,069.20

7,611.65

6,648.15

6,292.75

6,191.65

Earnings per share (EPS)

0.13

0.11

0.09

0.08

0.07

0.03

Diluted Earnings per share

0.13

0.11

0.09

0.08

0.07

0.03

Operating Profit Margin (Excl OI)

38.39%

43.55%

45.97%

45.03%

42.95%

43.57%

16.69%

Gross Profit Margin

61.5%

58.77%

58.11%

59.2%

54.41%

62.27%

35.43%

PAT Margin

33.9%

32.54%

35.87%

33.66%

32.91%

35.53%

19.31%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2023 is -8.20% vs 17.75% in Dec 2022

Consolidate Net Profit

YoY Growth in year ended Dec 2023 is -8.16% vs 9.22% in Dec 2022

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2023 is -6.71% vs 13.30% in Dec 2022

Interest

YoY Growth in year ended Dec 2023 is 12.04% vs 18.15% in Dec 2022

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2023 has fallen from Dec 2022

Compare Annual Results Of Concord New Energy Group Ltd. With

Select Peers

Figures in Million

Consolidate Annual Results

Change(HKD)

Change(%)

Net Sales

2,860.45

1,33,905.88

-1,31,045.43

-97.86%

Other Operating Income

0.00

Total Operating income

2,860.45

1,33,905.88

-1,31,045.43

-97.86%

Raw Material Cost

1,307.23

1,12,020.27

-1,10,713.04

-98.83%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

711.80

6,367.03

-5,655.23

-88.82%

Selling and Distribution Expenses

454.96

11,629.33

-11,174.37

-96.09%

Other Expenses

-71.18

-636.70

565.52

88.82%

Total Expenditure (Excl Depreciation)

1,762.19

1,23,649.60

-1,21,887.41

-98.57%

Operating Profit (PBDIT) excl Other Income

1,098.25

10,256.28

-9,158.03

-89.29%

Other Income

562.44

1,069.91

-507.47

-47.43%

Operating Profit (PBDIT)

2,470.84

26,487.41

-24,016.57

-90.67%

Interest

711.80

6,367.03

-5,655.23

-88.82%

Exceptional Items

0.05

-1,431.20

1,431.25

100.00%

Gross Profit (PBDT)

1,553.21

21,885.61

-20,332.40

-92.90%

Depreciation

810.14

15,161.22

-14,351.08

-94.66%

Profit Before Tax

948.94

3,802.02

-2,853.08

-75.04%

Tax

169.98

2,876.08

-2,706.10

-94.09%

Provisions and contingencies

0.00

Profit After Tax

969.64

-234.26

1,203.90

513.92%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

969.64

-234.26

1,203.90

513.92%

Share in Profit of Associates

0.00

Minority Interest

19.12

1,837.34

-1,818.22

-98.96%

Other related items

0.00

Consolidated Net Profit

988.76

1,603.08

-614.32

-38.32%

Equity Capital

0.00

Face Value

0.00

Reserves

9,119.67

80,985.26

-71,865.59

-88.74%

Earnings per share (EPS)

0.13

-0.01

0.14

1,400.00%

Diluted Earnings per share

0.13

-0.01

0.14

1,400.00%

Operating Profit Margin (Excl OI)

38.39%

7.66%

0.00

30.73%

Gross Profit Margin

61.50%

14.16%

0.00

47.34%

PAT Margin

33.90%

-0.17%

0.00

34.07%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 286.04 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -8.20% vs 17.75% in Dec 2022

Annual - Consolidate Net Profit

Consolidate Net Profit 98.88 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -8.16% vs 9.22% in Dec 2022

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 190.84 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -6.71% vs 13.30% in Dec 2022

Annual - Interest

Interest 71.18 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is 12.04% vs 18.15% in Dec 2022

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 38.39%

in Dec 2023

Figures in %

YoY Growth in year ended Dec 2023 has fallen from Dec 2022