Financial Performance - The company's unaudited profit attributable to shareholders for the six months ended June 30, 2023, was HKD 2,959 million, an increase from HKD 2,871 million in the same period of 2022, representing a growth of approximately 3.1%[2] - Earnings per share for the period was HKD 1.39, compared to HKD 1.35 in the previous year, reflecting a year-on-year increase of about 2.96%[2] - The group reported a revenue of HKD 662 million for the six months ended June 30, 2023, compared to HKD 598 million for the same period in 2022, representing an increase of 10.7%[22] - Operating profit for the same period was HKD 750 million, up from HKD 571 million in 2022, reflecting a growth of 31.4%[22] - The group’s profit before tax for the six months ended June 30, 2023, was HKD 3,061 million, compared to HKD 2,969 million for the same period in 2022, reflecting a 3.1% increase[32] - The total comprehensive income for the six months ended June 30, 2023, was HKD 5,783 million, compared to HKD 4,347 million for the same period in 2022, representing a 33.1% increase[25] Dividends - The interim dividend declared is HKD 0.78 per share, unchanged from the previous year[8] - The company declared an interim dividend of HKD 1,662 million for the six months ended June 30, 2023, compared to HKD 1,665 million for the same period in 2022, reflecting a slight decrease of 0.2%[25] - The interim dividend for the year 2023 is declared at HKD 0.78 per share, payable on September 12, 2023[71] Operational Highlights - The UK operations contributed HKD 1,398 million to profit, down from HKD 1,433 million in 2022, impacted by regulatory resets and rising financing costs[9] - In Hong Kong, the profit contribution from Power Assets' operations was HKD 328 million, up from HKD 298 million in 2022, driven by a 3% increase in electricity sales[10] - The new liquefied natural gas receiving terminal in Hong Kong commenced commercial operations in July 2023, with a storage capacity of 263,000 cubic meters[10] - The group is enhancing network capacity to accommodate large-scale solar power trends, including the launch of a neighborhood battery project in Melbourne, providing power for up to 170 households for 3 hours during peak times[11] - The group’s gas operations are performing well, with the Dampier Bunbury Pipelines compressor station achieving a reliability rate of 99.61%[12] Investments and Financial Position - Capital expenditures and investments are primarily funded by cash generated from operations, with total unsecured bank loans amounting to HKD 3.269 billion as of June 30, 2023[17] - The group’s bank deposits and cash stood at HKD 3.970 billion as of June 30, 2023, down from HKD 5.894 billion at the end of 2022[17] - The group plans to seek suitable investment opportunities in stable and well-regulated energy markets to support long-term growth[16] - The group’s total assets less current liabilities amounted to HKD 92,035 million as of June 30, 2023, compared to HKD 90,489 million at the end of 2022[24] - The group’s total equity attributable to shareholders was HKD 88,293 million as of June 30, 2023, an increase from HKD 86,857 million on December 31, 2022[24] Sustainability and Regulatory Compliance - The company is in discussions with the government regarding the 2024-2028 development plan and the mid-term review of the current regulatory framework, aiming for long-term investment in decarbonization projects[10] - The group is focusing on sustainable development, including hydrogen integration in heating fuels, with projects in the UK and Australia aiming for significant hydrogen production by 2025[15] - The group is committed to supporting government initiatives for net-zero carbon targets and enhancing power networks to accommodate renewable energy[16] Corporate Governance - The board consists of 13 directors, including 6 executive directors, 2 non-executive directors, and 5 independent non-executive directors, complying with the requirement that independent non-executive directors represent at least one-third of the total board members[51] - The company has adhered to the corporate governance code as stipulated in the Hong Kong Stock Exchange Listing Rules for the six months ending June 30, 2023[50] - The company has established a whistleblowing procedure to handle reports of financial reporting, internal controls, or other misconduct[56] - The audit committee, composed of 3 independent non-executive directors, has reviewed the unaudited consolidated financial statements for the six months ending June 30, 2023[56] Shareholder Information - As of June 30, 2023, the company had a total of 2,131,105,154 shares issued, with significant shareholdings reported by directors and executives[64] - Major shareholders include Hyford Limited, holding 767,499,612 shares, representing 36.01% of the total equity[69] - The company has a shareholder communication policy to establish a framework for effective communication with shareholders and investors[62] - The company allows shareholders to request changes in the language version of communications, enhancing accessibility[62]

Financial Performance - The group's unaudited profit for the six months ended June 30, 2023, was HKD 2.959 billion, an increase from HKD 2.871 billion in 2022, reflecting strong core business performance despite rising global interest rates and currency fluctuations [2]. - The group reported a revenue of HKD 662 million for the six months ended June 30, 2023, compared to HKD 598 million in the same period of 2022, representing an increase of approximately 10.7% [18]. - Operating profit for the same period was HKD 750 million, up from HKD 571 million in 2022, indicating a growth of about 31.4% [18]. - The net profit attributable to shareholders for the six months ended June 30, 2023, was HKD 2,959 million, compared to HKD 2,871 million in 2022, reflecting an increase of approximately 3.1% [18]. - The comprehensive income attributable to shareholders for the six months ended June 30, 2023, was HKD 5,783 million, compared to HKD 4,347 million in 2022, an increase of approximately 32.9% [19]. - The pre-tax profit for the six months ended June 30, 2023, was HKD 2,589 million, up from HKD 2,491 million in the same period of 2022, reflecting a 3.9% increase [27]. - The income tax expense for the six months ended June 30, 2023, was HKD 102 million, compared to HKD 98 million in the same period of 2022, indicating a 4.1% increase [28]. - Earnings per share for the six months ended June 30, 2023, was HKD 2.95, slightly up from HKD 2.87 in the same period of 2022 [29]. Dividends - The interim dividend declared is HKD 0.78 per share, unchanged from 2022, to be distributed on September 12, 2023 [3]. - The interim dividend declared for the six months ended June 30, 2023, was HKD 1,662 million, consistent with HKD 1,665 million in the same period of 2022 [32]. Operational Highlights - The UK operations contributed HKD 1.398 billion in profit, down from HKD 1.433 billion in 2022, impacted by regulatory resets and rising financing costs [4]. - In Hong Kong, the profit contribution from Power Assets was HKD 328 million, up from HKD 298 million in 2022, with electricity sales increasing by 3% due to warmer weather and economic recovery [6]. - The Australian operations generated a profit of HKD 558 million, down from HKD 671 million in 2022, affected by regulatory resets and unfavorable exchange rates [7]. - The group has installed over 303,000 smart meters in Hong Kong, enhancing its advanced metering infrastructure [6]. - The operating profit for the reported segments was HKD 750 million, up from HKD 660 million, indicating a growth of approximately 13.6% [24]. Investments and Future Plans - The group is investing in a new 380 MW gas generation unit expected to be operational in early 2024, as part of its development plan [6]. - The group plans to replace cast iron and unprotected steel pipelines with polyethylene pipes to improve safety and reduce gas leakage [8]. - The group is collaborating on projects to transition 2,000 properties from gas heating to hydrogen heating by 2025 in the UK [11]. - The group is focusing on long-term investments in the global energy market to build a sustainable business portfolio, including hydrogen integration in heating fuels [10]. - The group aims to continue seeking suitable investment opportunities globally while supporting government initiatives for net-zero carbon goals [12]. - The group plans to focus on optimizing strategies in response to regulatory changes in its main markets in the UK and Australia [12]. Financial Position - The group’s cash and bank deposits as of June 30, 2023, amounted to HKD 3,970 million, down from HKD 5,894 million as of December 31, 2022, a decrease of about 32.6% [13]. - The group’s net cash level as of June 30, 2023, was HKD 638 million, a significant decrease from HKD 2,658 million as of December 31, 2022, representing a decline of approximately 76.0% [14]. - The total amount of guarantees and indemnities made by the group as of June 30, 2023, was HKD 230 million, down from HKD 253 million as of December 31, 2022, a decrease of about 9.1% [16]. - As of June 30, 2023, the total assets amounted to HKD 91,496 million, an increase from HKD 87,647 million as of December 31, 2022, representing a growth of approximately 4.2% [20]. - The net current assets decreased significantly to HKD 539 million from HKD 2,842 million, indicating a decline of about 81% [20]. - The company's net assets increased to HKD 88,293 million from HKD 86,857 million, reflecting a growth of approximately 1.6% [20]. - The company’s investment in joint ventures and associates increased to HKD 61,212 million from HKD 57,331 million, reflecting a growth of approximately 6.6% [20]. - The cash and cash equivalents decreased to HKD 3,907 million from HKD 5,894 million, a decline of about 33.7% [20]. - The total assets of the group's joint ventures as of June 30, 2023, amounted to HKD 140,667 million, an increase from HKD 132,482 million as of December 31, 2022, representing a 6.5% growth [30]. Governance and Compliance - The company did not repurchase, sell, or redeem any of its listed securities during the six months ended June 30, 2023 [34]. - The company maintained compliance with the corporate governance code as stipulated in the Hong Kong Stock Exchange Listing Rules during the reporting period [34]. - All directors confirmed compliance with the standard code of conduct for securities transactions during the six months ended June 30, 2023 [35]. - The board of directors consists of 6 executive directors, 2 non-executive directors, and 5 independent non-executive directors [36].

Financial Performance - Shareholder profit for 2022 was HKD 5,649 million, down from HKD 6,140 million in 2021, reflecting a decrease of approximately 8%[11] - Operating cash flow for the year was HKD 5,528 million, an increase of 4% compared to HKD 5,300 million in 2021[12] - The total equity increased slightly to HKD 86,857 million from HKD 86,767 million in 2021[11] - The company maintained a stable cash balance of HKD 5,894 million, up from HKD 4,610 million in 2021[11] - The Australian business contributed HKD 1.342 billion in profit, an increase from HKD 1.283 billion in 2021, with a focus on transforming the distribution network and increasing green energy proportion[15] - The group’s financial position remains strong, with joint ventures and associates' equity at HKD 84.636 billion as of December 31, 2022, compared to HKD 87.135 billion in 2021[177] - The total unsecured bank loans at year-end amounted to HKD 3.236 billion, down from HKD 3.433 billion in 2021[177] - Cash and bank deposits at year-end were HKD 5.894 billion, an increase from HKD 4.610 billion in 2021[177] - The net cash level as of December 31, 2022, was HKD 2.658 billion, significantly up from HKD 1.177 billion in 2021[177] Renewable Energy Initiatives - The group’s renewable energy generation capacity reached 948 MW, with gas generation capacity at 5,258 MW and coal/oil generation capacity at 3,569 MW[7] - The company is focused on transitioning to green energy and investing in innovative technologies to support carbon neutrality goals[2] - Hong Kong Electric is investing HKD 26.6 billion in a 5-year development plan to halve carbon emissions by 2035 and achieve carbon neutrality by 2050[17] - Energy Developments (EDL) launched renewable natural gas projects in Texas and Northern Territory, offsetting over 4 million tons of carbon emissions[15] - The group aims to reduce its carbon footprint in power generation, distribution, and gas supply, with specific targets aligned with the UN Sustainable Development Goals[19] - The group is actively investing in innovative technologies to alleviate customer electricity costs and enhance supply reliability, while minimizing emissions[20] - A new renewable natural gas facility in Michigan is expected to reduce emissions equivalent to 5,700 fossil fuel vehicles annually[22] - The company is collaborating with the government to increase green hydrogen production, which will significantly reduce carbon emissions when mixed with natural gas[42] Operational Developments - The installation of 240,000 smart meters by Hong Kong Electric was completed by the end of 2022 to help customers optimize energy usage[17] - UK Power Networks has a business plan approved by Ofgem to ensure predictable revenue and cash flow from April 2023 to March 2028[14] - The completion of a 150 kW community battery installation in Melbourne by Victoria Power Networks will supply power to up to 150 households during peak times[15] - The company is investing in network improvement projects, including automation and measures to mitigate the impact of wildlife on the network[44] - The company aims to transform into a distribution system operator to manage thousands of distributed energy resources effectively[45] Corporate Governance - The board consists of 6 executive directors, 2 non-executive directors, and 5 independent non-executive directors, meeting the requirement of at least one-third independent directors as per listing rules[95] - The company has maintained compliance with the corporate governance code throughout the year ending December 31, 2022[91] - The management team has extensive experience, with the finance director having over 35 years in investment, banking, and finance[86] - The company emphasizes high levels of corporate governance to attract investors and protect shareholder interests[91] - The board is responsible for establishing good corporate governance practices and procedures[120] Risk Management - The company has a corporate risk management policy that identifies, assesses, mitigates, and monitors key risks including climate change and cybersecurity[139] - The risk management framework is crucial for achieving strategic objectives, with a structured approach to identify, assess, mitigate, and monitor key business and financial risks[161] - The company maintains a risk register that is continuously updated based on the potential impact of identified risks[166] - The group has established a comprehensive risk-based approach to manage cybersecurity risks, focusing on protecting critical assets and ensuring the integrity of information systems[172] Shareholder Engagement - The company has established a shareholder communication policy to enhance effective communication with shareholders and investors[152] - The annual general meeting was held in a hybrid format, allowing shareholders to participate online, ensuring health and safety during the pandemic[153] - The company encourages shareholders to access communications via its website to support environmental sustainability[154] - Major shareholders include Hyford Limited, holding 767,499,612 shares, representing 36.01% of the total equity[157] Financial Reporting - The company's financial statements have been audited and reflect a true and fair view of the financial position as of December 31, 2022[197] - The audit procedures included evaluating the independence and competence of auditors for major overseas associates and joint ventures[200] - The company reported a final dividend of HKD 2.04 per share, with 99.6304% of votes in favor during the annual general meeting[153] - The audited financial statements for the year ended December 31, 2021, were adopted with 99.5054% approval[153]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示，概不對因本公佈全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 2022 年全年業績 董事局主席報告 全年業績 電能實業集團（集團）的業務具高度抗逆能力，在 2022年繼續取得穩健表現。集團經營收益 受規管的中游電力及天然氣業務，以及在類似規管計劃或長期承購合約下營運的發電業務。 該業務模式使集團免受宏觀經濟週期及燃料價格波動的影響，令基本業績保持穩健。 集團在截至 2022年 12月 31日止 12個月期間，股東應佔溢利為港幣 56億 4,900萬元（2021 年：港幣 61億4,000萬元）。業績因財務成本增加及主要貨幣兌港元弱勢而大受影響。 以當地貨幣計算，投資組合溢利貢獻按年增長 5%。 來自營運的資金流依然穩健，合共港幣 55億 2,800 萬元（2021年：港幣 53 億元），按年增 長 4%。 股息 董事局建議派發末期股息每股港幣 2元4分（2021年：港幣2元4分），股息將於 2023年6 月 6日派發予於 2023年 5月 23日已登記在本公司股東名 ...

l l 電能實業有限公司 (股份代號：6) Power Assets Holdings Ltd. 2022年中期報告 財務摘要 截至6月30日止首6個月 | --- | --- | |-------|-------| | | | | | | | 2022 | 2021 | | 港幣 | 港幣 | | 2,871 | 2,509 | | 1.35 | 1.18 | | 0.78 | 0.78 | 股東應佔溢利（百萬元） 每股溢利 每股中期股息 本中期報告的中文及英文版本已在本公司網站 www.powerassets.com刊登。已選擇（或被視為 已同意）通過本公司網站收取公司通訊的股東， 如因任何理由無法瀏覽本中期報告，均可通知 本公司，而股東將可獲免費發送本中期報告 的印刷本。 股東有權隨時以書面方式通知本公司（地址為 香港皇后大道中2號長江集團中心20樓2005室） 或本公司股權登記處香港中央證券登記有限公司 （地址為香港灣仔皇后大道東183號合和中心17M樓）， 或電郵至mail@powerassets.com，以選擇收取所有日後 004888 公司通訊的印刷本或通過本公司網站收取公司通訊。 目錄 2 公 ...

（股份代號： 6） 綠能願景 永續發展 2021 年年報 國際能源 策略投資者 電能實業有限公司（「電能實業」或「集團」）致力投資 世界各地的能源及公用事業相關業務，範圍包括輸 電、輸氣及輸油、配電及配氣、轉廢為能、火力及可 再生能源發電等。 我們植根香港逾一個世紀，至今業務已遍佈全球，包 括英國、澳洲、新西蘭、中國內地、泰國、荷蘭、 加拿大和美國等，為約1,900萬住宅和商業客戶帶來 可靠和可負擔的能源。集團的主要收入是來自51萬 6,700公里的供電、輸配氣和石油管道網絡，和約1萬 兆瓦的發電設施的投資。 電能實業的投資以業務收購為主，其次是全新發展項 目。集團秉持積極進取、審慎精明的業務策略，在規 管完善、發展成熟市場內投資於價格合理的公司，以 締造穩定和可靠收入來源，達至長遠的可持續增長。 集團有系統地投放資源於旗下公司，發展創新科技以 減少排放，並於各地營運市場支持社區的減碳行動， 積極配合第26屆聯合國氣候變化大會的目標。 電能實業於香港聯合交易所上市，為恒生指數的成份 股之一，亦自2010年起入選為「恒生可持續發展企業 指數」成份股。 2 表現摘要 65 獨立核數師報告 4 董事局主席報告 69 ...