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China Nuclear Energy (00611)'s profit attributable to shareholders decreased by 21.6% to HK$90.96 million

March 15, 2019 08:28
source: Zhitong Finance

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China Nuclear Energy Section (00611) announced 2018PerformanceRevenue was approximately HK$2,256 million, up 14.9% year-on-year; profit for the year was HK$94.45 million, down 21.6% year-on-year; profit attributable to owners of the company was HK$90.96 million, down 21.6% year-on-year;Stock baseThis and diluted earnings of 6.93 HK cents, no dividends.

  announcementThe increase in revenue was mainly due to the additional revenue generated from the manufacturing and trading of the year and the classification of the power generation business. The decrease in profit was due to the increase in the corporate income tax rate from 15% to 25%, as certain subsidiaries of the company operating in the PRC were no longer awarded the relevant provincial science and technology bureaus after the three-year tax concession period (ie 2014 to 2017) And other departments in China as "high-tech enterprises"; compared with 2017, the financial costs of the yearbankAnd other borrowings increased significantly; and the Group's financing classification focused on the Group's financial leasing projects in 2018.

Among them, the EPC and the consulting segment achieved a classified performance of approximately HK$166 million, representing an increase of approximately 9.8% year-on-year. The improvement in classification performance was mainly due to the implementation of effective cost control. Due to the 531 New Deal, fewer EPC projects were acquired and completed during the year, and classified sales to external customers decreased by approximately 7.9% to HK$1.731 billion.

In 2018, the group completed approximately 63 MW of grid-connected distributionSolar energyThe photovoltaic project, therefore, on December 31, 2018, the group owned and operated 156 MW solar photovoltaic power plants and layer-top distributed solar photovoltaic power generation facilities in Jiangsu, Hebei and Yunnan, bringing the Group Power generation revenue. As a result, the segment achieved impressive results with revenue growth of approximately 129.1% year-on-year, contribution revenue of approximately HK$119 million and segmented results increased by approximately 89.1% to HK$58.01 million.

(Article source: Zhitong Finance)

                (Editor: DF381)

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