Concord New Energy Group 2014 Revenue and Profit Maintain Rapid Growth

19 March, 2015,Concord New Energy Group Limited (“the Company” and its subsidiaries “the Group,” HK stock code: 182), is pleased to announce its annual results for the year ended 31 December 2014 (“The Year”).

In 2014, the Group maintained rapid business growth, its consolidated revenue amounted to HK$3,549,639,000, increased by 88.55% compared to last year; profit attributable to equity holders of the Company totalled HK$317,188,000,increased by 109.90% compared to last year.

During the reporting year, the Group’s consolidated revenue and profit increased significantly due to a growing number of new EPC projects, rise in solar power generation as well as less provision for inventory. In addition, the Group did not record any loss in provision for receivables from the CDM accounts.

At the end of 2014, the Group’s net asset value totalled HK$5,755,621,000, and its cash and cash equivalents were HK$1,105,341,000.

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