After a preliminary review on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023, the Board of China Nuclear Energy Technology Corporation Limited informed the Shareholders and potential investors that the interim results of the Group for the six months ended 30 June 2023 are expected to record an increase of net profit of not less than 15% as compared to the net profit for the six months ended 30 June 2022. The increase is mainly due to the combined effect of the following: The Group has continued to enhance the level of intelligent operation and maintenance of its power stations, boosting an input rate and power generation volume. The power generation segment is expected to positively impact the Group's overall performance, and the power stations owned by the Group are projected to generate stable revenue and profit.

As of 30 June 2023, the Group was operating and maintaining 51 power stations, with a total operating power station capacity of 630MW. These power stations generated 509 million kWh of electricity, representing an increase of 22.9% compared to the same period last year. The relevant business segment is expected to record an increase in net profit for the period ended 30 June 2023; and Panjin Hexiang, Xuzhou Hexin, Lincang Hexiang and Bengbu Herun power station projects completed grid connection, and Fengyang Xiexin, Zhenjiang Xinneng, Bengbu Shanghao and Bengbu Shangxin grid connection.

The new grid-connected projects are large scale operations with a high equipment input rate. These projects are currently in the warranty period, resulting in lower operation and maintenance costs compared to existing projects. Additionally, the Zhenjiang Xinneng and Guangdong Yangjiang projects are generating additional revenue through green power trading.

t is also expected that the net profit margin will increase for the six months ended 30 June 2023 as compared with the same period last year. The Board considers that the Group remains in a healthy and solid financial condition and is continuing to pursue in various investment opportunities.