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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 September 2019
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 1,000.2 GWh for the month of September 2019, representing a decrease of 6.7% compared with the corresponding period of 2018. In particular, power generation of PRC wind projects increased by 25.9%, power generation of PRC solar projects increased by 49.8%, power generation of PRC coal-fired, cogen and gas-fired projects decreased by 9.2%, power generation of PRC hydro projects decreased by 18.6% and power generation of Korea gas-fired projects decreased by 16.6%. For the nine months ended 30 September 2019, the accumulated power generation of the Group amounted to 10,135.8 GWh, representing an increase of 0.9% compared with the corresponding period of 2018. In particular, power generation of PRC wind projects increased by 15.0%, power generation of PRC solar projects increased by 91.6%, power generation of PRC coal-fired, cogen and gas-fired projects decreased by 2.9%, power generation of PRC hydro projects increased by 19.6% and power generation of Korea gas-fired projects decreased by 10.4%.
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Details of the power generation of the Group for September 2019 (with corresponding period of 2018) are set out as follows:
Accumulated | ||||||
power | Accumulated | Year-on-year | ||||
generation | power | percentage | ||||
Year-on-year | for the nine | generation | change of | |||
Power | Power | percentage | months ended | for the | accumulated | |
generation for | generation for | change for | 30 September | corresponding | annual power | |
September 2019 | September 2018 | September | 2019 | period of 2018 | generation | |
(GWh) | (GWh) | (%) | (GWh) | (GWh) | (%) | |
PRC wind projects | 186.0 | 147.7 | 25.9 | 2,234.6 | 1,942.3 | 15.0 |
PRC solar projects | 75.2 | 50.2 | 49.8 | 642.9 | 335.6 | 91.6 |
PRC coal-fired, cogen and | 146.5 | 161.3 | (9.2) | 1,368.2 | 1,409.3 | (2.9) |
gas-fired projects | ||||||
PRC hydro projects | 82.8 | 101.7 | (18.6) | 769.5 | 643.6 | 19.6 |
Korea gas-fired projects | 509.7 | 611.0 | (16.6) | 5,120.6 | 5,713.4 | (10.4) |
Total | 1,000.2 | 1,071.9 | (6.7) | 10,135.8 | 10,044.2 | 0.9 |
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 September 2019 is based on preliminary internal management information and such information is unaudited and is for the purpose of investors' reference only.
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, 21 October 2019
As at the date of this announcement, the Board comprises seven Directors, namely:
Chairman and non-executive Director | : | Mr. Chen Sui |
President and executive Director | : | Mr. Li Yilun |
Non-executive Directors | : | Mr. Yao Wei and |
Mr. Xing Ping | ||
Independent non-executive Directors | : | Mr. Leung Chi Ching Frederick, |
Mr. Yang Xiaosheng and | ||
Mr. Wang Minhao |
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CGN New Energy Holdings Co. Ltd. published this content on 21 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2019 10:55:08 UTC