SDHS New Energy (01250) released its performance for the six months ended June 30, 2024, with revenue of HKD 2.606 billion; the company's equity holder received a profit of HKD 0.299 billion; basic earnings per share were 13.31 HK cents.
During the reporting period, the group completed a total generated electricity volume of approximately 3.376 million MWh (as of the six months ended June 30, 2023: approximately 2.947 million MWh) based on the consolidation basis, an increase of about 14.56% year-on-year. Additionally, the group, its affiliated companies and joint ventures held and/or managed total operational generated electricity volume of approximately 3.436 million MWh for projects held at the end of the reporting period (as of the six months ended June 30, 2023: approximately 3.332 million MWh), a growth of about 3.12% year-on-year.
The Group's asset-liability ratio at the end of the reporting period dropped to approximately 61% after receiving the second capital injection from Ping An's struggle plan and the establishment of the trust plan, and the fundraising from Industrial Bank. Meanwhile, the group's cash and cash equivalents at the end of the reporting period were approximately HKD 4.6674 billion, with a liquidity ratio of 2.14. The financial reserves are abundant, providing sufficient reserves for business development.
