KONG SUN HOLDINGS LIMITED INTERIM REPORT
2023
CONTENTS
Corporate Information | 2 |
Chairman's Statement | 4 |
Financial Highlights | 6 |
Management Discussion and Analysis | 7 |
Disclosure of Other Information | 18 |
Condensed Consolidated Statement of Profit or Loss | 23 |
Condensed Consolidated Statement of Other Comprehensive Income | 24 |
Condensed Consolidated Statement of Financial Position | 25 |
Condensed Consolidated Statement of Changes in Equity | 27 |
Condensed Consolidated Statement of Cash Flows | 28 |
Notes to the Condensed Consolidated Interim Financial Statements | 30 |
CORPORATE INFORMATION
EXECUTIVE DIRECTORS | Mr. Xian He |
Mr. Wang Shaoyuan | |
(Resigned on 9 May 2023) | |
NON-EXECUTIVE DIRECTOR | Mr. Jiang Hengwen (Chairman) |
INDEPENDENT NON-EXECUTIVE | Ms. Tang Yinghong |
DIRECTORS | Ms. Wu Wennan |
Mr. Xu Xiang | |
AUDIT COMMITTEE | Ms. Wu Wennan (Chairman) |
Ms. Tang Yinghong | |
Mr. Xu Xiang | |
NOMINATION COMMITTEE | Ms. Tang Yinghong (Chairman) |
Ms. Wu Wennan | |
Mr. Xu Xiang | |
REMUNERATION COMMITTEE | Mr. Xu Xiang (Chairman) |
Ms. Tang Yinghong | |
Ms. Wu Wennan | |
REGISTERED OFFICE | Unit 803-4, 8/F |
Everbright Centre | |
108 Gloucester Road | |
Wanchai | |
Hong Kong |
2 Kong Sun Holdings Limited Interim Report 2023
CORPORATE INFORMATION (continued)
SHARE REGISTRAR AND | Computershare Hong Kong | ||
TRANSFER OFFICE | Investor Services Limited | ||
Shops 1712-1716 | |||
17th Floor, Hopewell Center | |||
183 Queen's Road East | |||
Hong Kong | |||
COMPANY SECRETARY | Mr. Ching Kin Wai | ||
AUTHORISED REPRESENTATIVES | Mr. Xian He | ||
Mr. Ching Kin Wai | |||
AUDITOR | BDO Limited | ||
LEGAL ADVISOR AS TO | Sidley Austin | ||
HONG KONG LAWS | |||
STOCK CODE | 295 | ||
CONTACT INFORMATION | Tel | : | +852 3188 8851 |
Fax | : | +852 3186 2916 | |
Website | : | www.kongsun.com | |
INVESTOR RELATIONS | : | ir@kongsunhldgs.com |
Kong Sun Holdings Limited Interim Report 2023 | 3 |
CHAIRMAN'S STATEMENT
Dear Shareholders,
On behalf of the board (the "Board") of directors, I hereby present the results of Kong Sun Holdings Limited (the "Company") and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 June 2023.
In the first half of 2023, under the guidance of the goal of "carbon peak and carbon neutrality", governments at all levels in China continued to strengthen policy support for the development of the solar power generation industry. The National Development and Reform Commission, the National Energy Administration and other departments issued a number of policy documents, including the "Notice on Efforts to Promote the Consumption of Renewable Electricity by Providing Full Coverage of Renewable Energy Green Power Certificates", the "Notice on Supporting the Development of Photovoltaic Power Generation Industry by Regulating the Management of Land Uses", and the "Notice on the Launching of a Pilot Demonstration of a New Type of Energy Storage", in order to stimulate the development and consumption of renewable electricity.
In the first half of 2023, the Group continued to adopt a steady and pragmatic business strategy, striving to enhance the efficiency of power stations, while actively adjusting its asset structure and exploring business transformation opportunities. As at 30 June 2023, the Group held 13 grid-connected solar power plants in Shaanxi, Anhui, Zhejiang, Inner Mongolia, Hubei, and Shanxi in China, with a total installed capacity of
359.8 megawatt ("MW") and a total power generation of approximately 211,330 megawatt-hours ("MWh") in the first half of 2023. Meanwhile, the Group actively expanded its solar power generation, its wind power operation as well as its maintenance services business, and continued to develop its financial technology business such as Internet microfinance loans, while persisting to explore other investment opportunities in other energy, technology, and healthcare sectors. In the first half of 2023, the Group recorded a revenue of RMB232.7 million and a gross profit of RMB96.9 million.
In the future, the Group will continue to focus on clean energy, further optimize its asset structure, enhance the efficiency of equipment in power plants, and accelerate its pace in shifting to a new business model through industrial and financial capital integration, improve the Group's operating results, and promote the development of green and low-carbon energy in China, thus contributing to environmental protection and people's health.
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Kong Sun Holdings Limited published this content on 22 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2023 03:57:29 UTC.
