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CGN NEW ENERGY HOLDINGS CO., LTD.
中 國 廣 核 新 能 源 控 股 有 限 公 司
(incorporated in Bermuda with limited liability)
(Stock code: 1811)
Announcement
Trading Update
Power Generation For March 2021
This announcement is made by CGN New Energy Holdings Co., Ltd. (the "Company") on a voluntary basis.
The board (the "Board") of directors (the "Directors") of the Company announces that, according to the preliminary statistics of the Company, the power generation of the Company and its subsidiaries (the "Group") on a consolidated basis amounted to 1,679.2GWh for the month of March 2021, representing an increase of 17.2% compared with the corresponding period of 2020. In particular, power generation of PRC wind projects increased by 44.0%, power generation of PRC solar projects increased by 12.0%, power generation of PRC coal-fired, cogen and gas-fired projects increased by 41.3%, power generation of PRC hydro projects decreased by 34.6% and power generation of Korea gas-fired projects increased by 5.1%. For the three months ended 31 March 2021, the accumulated power generation of the Group amounted to 4,530.4 GWh, representing an increase of 32.5% compared with the corresponding period of 2020. In particular, power generation of PRC wind projects increased by 92.0%, power generation of PRC solar projects increased by 32.4%, power generation of PRC coal- fired, cogen and gas-fired projects increased by 63.6%, power generation of PRC hydro projects decreased by 32.7% and power generation of Korea gas-fired projects increased by 6.1%.
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Details of the power generation of the Group for March 2021 (with corresponding period of 2020) are set out as follows:
Accumulated | ||||||||||||||
power Accumulated Year-on-year | ||||||||||||||
generation | power | percentage | ||||||||||||
Power | Power | Year-on-year | for the | generation | change of | |||||||||
generation | generation | percentage | two months | for the | accumulated | |||||||||
for | for | change | ended | corresponding | annual | |||||||||
March | March | for | 28 March | period of | power | |||||||||
2021 | 2020 | March | 2021 | 2020 | generation | |||||||||
(GWh) | (GWh) | (%) | (GWh) | (GWh) | (%) | |||||||||
PRC wind projects | 665.5 | 462.0 | 44.0 | 1,882.9 | 980.5 | 92.0 | ||||||||
PRC solar projects | 128.9 | 115.1 | 12.0 | 360.5 | 272.2 | 32.4 | ||||||||
PRC coal-fired, | ||||||||||||||
cogen and gas-fired projects | 46.2 | 32.7 | 41.31 | 135.8 | 83.0 | 63.6 | ||||||||
PRC hydro projects | 43.1 | 65.9 | (34.6)2 | 103.3 | 153.5 | (32.7) | ||||||||
Korea gas-fired projects | 795.5 | 756.9 | 5.1 | 2,047.9 | 1,930.8 | 6.1 | ||||||||
Total | 1,679.2 | 1,432.6 | 17.2 | 4,530.4 | 3,420.0 | 32.5 | ||||||||
1:
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As one of the projects in Hubei suspended operation in the first half of last year due to the epidemic and was unable to generate electricity, the power generation of the projects in March 2021 increased as compared with the corresponding period of last year.
As one of the projects in Guangxi experienced a decrease in water inflows by nearly 40% in March as compared with the corresponding period of last year, the power generation of the projects in March 2021 decreased as compared with the corresponding period of last year.
Note: Certain figures included in this announcement have been subject to rounding adjustments, or have been rounded to one decimal place. Any discrepancies between the total shown and the sum of the amounts listed are due to rounding.
The above trading update for March 2021 is based on preliminary internal management information and such information is unaudited and is for the purpose of investors' reference only.
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Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.
By Order of the Board
CGN New Energy Holdings Co., Ltd.
Li Yilun
President and Executive Director
Hong Kong, 9 April, 2021
As at the date of this announcement, the Board comprises seven Directors, namely:
Chairman and non-executive Director | : | Mr. Chen Sui |
Executive Directors | : | Mr. Li Yilun (President) and |
Mr. Zhang Zhiwu | ||
Non-executive Director | : | Mr. Xia Linquan |
Independent non-executive Directors | : | Mr. Wang Minhao, |
Mr. Yang Xiaosheng and | ||
Mr. Leung Chi Ching Frederick |
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CGN New Energy Holdings Co. Ltd. published this content on 09 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 April 2021 04:05:05 UTC.