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CONCORD NEW ENERGY GROUP LIMITED Incorporated in Bermuda with limited liability As of 30 June 2026 STOCK CODE HK : 182 | SG : SEG INTERIM RESULTS PRESENTATION
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Disclaimer • The Concord New Energy Group Limited (the “Company”) hereby reminds prospective investors, financial analysts, shareholders, and other recipients of this document (the “Summary”) that the contents of this Summary and any related oral discussionsare for reference purposes. No part of this Summary may be forwarded, published, distributed, or disclosed, directly or indirectly, to any other person. • The contents of this Summary have not been independently reviewed or verified by any third party. Certain statements contained herein, including but not limited to expectations of the Company’s future performance and forward-looking judgments, are subject to numerous unpredictable and uncontrollable risks and uncertainties. The Company and/or its affiliates, related parties, members, employees, and representatives expressly disclaim any liability for obligations, responsibilities, or legal consequences arising from or related to the reliance upon, use of, or interpretation of any information contained in this Summary. • The information and statements covered in this Summary are based on sources believed to be reliable and have been prepared in good faith. However, the Company makes no representations or warranties, express or implied, as to the accuracy, completeness, or reliability of such content. Accordingly, this Summary is provided for informational purposes only and shall not form the basis of any decision-making. The Company assumes no liability for any loss or damage resulting from the use of any information or data contained herein. • This Summary is not intended to be published or distributed in any form (whether directly or indirectly) in any jurisdiction. Nothing herein shall constitute or be construed as an offer, invitation, or solicitation to subscribe for, purchase, or sell any securities, financial instruments, or other investment products under any applicable law, nor shall it constitute any recommendation or investment advice regarding such securities or investment products. Concord New Energy Group Limited 2026 Interim Results
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As of 30th June 2026 As of 31st Dec 2025 Changes1 Key Financial Data Total Assets 31,409.67 33,156.99 - 5.3% Net Assets 8,700.12 8,652.45 + 0.6% Cash and bank balances 1,988.22 1,290.82 + 54.0% As of 30th June 2026 As of 30th June 2025 Changes1 Revenue 1,257.82 1,400.32 - 10.2% Profit Attributable to Owners of the Company 100.59 281.94 - 64.3% Fully Diluted EPS 1.29RMB cents 3.58RMB cents - 64.0% Segment Revenue Power Generation2 1,214.18 1,335.39 - 9.1% Others 43.64 64.93 - 32.8% Segment Results3 Power Generation 512.23 625.86 - 18.2% Others -10.40 -5.52 - 4.884 1. Certain transactions have been restated due to the change from the gross amount method to the net method of recognition 2. Revenue from subsidiary-owned power plants 3. The Segment Results are the earnings before interest and tax and disposal gain. The Power Generation includes the power generation, URP release, deferred tax contribution and shared profits of joint ventures 4. Changes in amount 1H2026 Financial Summary Unit ： Million RMB Concord New Energy Group Limited 2026 Interim Results
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1,364 1,335 1,214 1,499 1,400 1,258 0 800 1,600 2,400 1H2024 1H2025 1H2026 Power Generation Others Revenue (Million RMB) 163 161 113 0 80 160 240 1H2024 1H2025 1H2026 Admin. Expense Comprehensive Financing Rate 3.98 3.51 3.43 2 3 4 5 2024 2025 1H2026 (%) Operating Cashflow 849 1,041 1,306 0 800 1,600 1H2024 1H2025 1H2026 30.0% 8 bps 25.5% 10.2% Concord New Energy Group Limited 2026 Interim Results Financial Performance (Million RMB) (Million RMB)
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Attributable Installed Capacity（MW） Attributable Power Generation（GWh) Revenue (’000 RMB) Net Profit (’000 RMB) 1H2026 1H2025 Changes 1H2026 1H2025 Changes 1H2026 1H2025 Changes 1H2026 1H2025 Changes Subsidiary-Owned Total 3,722 4,033 -7.7% 3,938 4,103 -4.0% 1,214,179 1,335,393 -9.1% 281,704 350,200 -19.6% Subsidiary-owned Wind 2,906 3,106 -6.4% 3,407 3,504 -2.8% 1,023,253 1,115,501 -8.3% 276,676 303,384 -8.8% Subsidiary-owned Solar PV 816 927 -12.0% 531 599 -11.4% 190,926 219,892 -13.2% 5,028 46,816 -89.3% JV & Asso. Attribution 864 745 +16.0% 524 656 -20.1% - - - 35,504 87,606 -59.5% TOTAL 4,586 4,778 -4.0% 4,462 4,759 -6.2% 1,214,179 1,335,393 -9.1% 317,208 437,806 -27.5% Concord New Energy Group Limited 2026 Interim Results Power Generation Sector Data
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+ 7.8% - 1.4% 0.2487 0.2682 0.2646 0.15 0.23 0.31 1H2024 1H2025 1H2026 （RMB/kWh） Comprehensive LCOE Wind 3,763MW 82% Solar PV 823MW 18% Proportion of Wind & Solar PV 1H2026 Proportion of Grid-parity Projects 1H2026 Grid-parity 3,324MW 72% Subsidy 1,262MW 28% 97.9 98.6 98.399.4 99.8 99.9 90 99 1H2024 1H2025 1H2026 Wind Solar PV (%) Plant Availability Concord New Energy Group Limited 2026 Interim Results Power Generation Sector Data ( Continue)
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China Region: Operational Indicators Overview Operational Data As of 30th June 2026 As of 30th June 2025 Changes Weighted Average Utilization Hours Wind (Attributable Installed) 1,015 hours 1,142 hours -11.1% Incl.：Wind (Subsidiary-owned) 1,052 hours 1,197 hours -12.1% Solar PV (Attributable Installed) 471 hours 531 hours -11.3% Incl.：Solar PV (Subsidiary-owned) 491 hours 526 hours -6.7% Average Comprehensive Electricity Price Wind (Attributable Installed) 0.3462 RMB/kWh 0.3653 RMB/kWh -0.0191 RMB/kWh Incl.：Wind (Subsidiary-owned) 0.3350 RMB/kWh 0.3503 RMB/kWh -0.0153 RMB/kWh Solar PV (Attributable Installed) 0.4205 RMB/kWh 0.4278 RMB/kWh -0.0073 RMB/kWh Incl.：Solar PV (Subsidiary-owned) 0.4168 RMB/kWh 0.4244 RMB/kWh -0.0076 RMB/kWh Concord New Energy Group Limited 2026 Interim Results
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Evolving Industry Context & Strategic Transformation Global Energy Transition ⚫ Green-low-carbon Targets ⚫ Energy Security Landscape ⚫ Cost-effective Economics ⚫ High-quality Replacement Phase AI Reshaping Energy Demand ⚫ Compute Equals Power ⚫ Critical AI Foundation: High-reliability Power Infrastructure ⚫ Digital Technologies Improve Asset Efficiency Corporate Strategic Transformation ⚫ Expand the business portfolio of "Power + AIDC Infrastructure + Professional Services" ⚫ Global Business Expansion ⚫ Resilience Through Business Cycles Evolve toward the Strategic Blueprint of "Power + AIDC Infrastructure + Professional Services" Concord New Energy Group Limited 2026 Interim Results
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Corporate Business Layout Professional Services Business Scope: Power-related professional services including asset management, operation & maintenance, electricity trading, co-development, power plant design and other power-related professional services. Business Scope: Development, investment and operation of wind-power, solar PV and energy-storage power plants. Renewable Energy Power Generation Business Scope: Development of AI data centers and integrated power solution services. Concord New Energy Group Limited 2026 Interim Results AIDC Infrastructure
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Solid progress been made for strategic transformation Wind project disposal: 401MW (attributable capacity 281MW) Solar PV disposal: 70MW Attributable installed capacity decreased to 4,586MW , and the Group’s debt ratio declined Engaged in diversified cooperative development models, signed commercial development agreements for an aggregate capacity of 1,070MW 02 Asset optimization The transition to the dual role as "Operator + Professional Asset Manager" marks a significant milestone 03 Professional services in the PRC Concord New Energy Group Limited 2026 Interim Results Deploying AI data center development and integrated energy solutions across the U.S., Southeast Asia, and Eastern Europe; secured 1,000MW of data center interconnection study approval. 01 Business Globalization First solar PV project in Singapore and New Zealand commissioned (12MW in aggregate) Obtained and signed long-term PPAs totaling 694.6MWp (DC) Non-China construction capacity reached 660MW , accounting for 39.3% Private fund with Taikang Insurance (RMB 1.8 billion) has entered the post-investment phase, with the Group commissioned to provide fund management and asset management services Continuing to expand power design and EPC businesses, while intensifying efforts to grow the external power trading service business
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Leveraging AI and proprietary algorithms, developed and deployed automated systems to identify and capture market arbitrage opportunities and optimize power generation curve bidding Green electricity trading reached 660 million kWh, up 27% comparatively; newly signed green certificate sales contracts increased 92% 04 Electricity Marketing In the "2025 Annual Benchmarking Evaluation of Wind and Solar PV Power Plant Production and Operation Indicators" conducted by the China Electricity Council (CEC), 12 of our plants ranked in the top 20%, with 4 achieving the highest 5A rating. 07 Operation Quality Comprehensive financing rate further declined by 8 basis points from the end of 2025 to 3.43% Newly drawn financing rate at 2.70% 05 Financing Administrative expenses further declined by 30.0% comparatively AI tools were widely used across all daily operations, enhancing employee productivity and reducing staffing requirements. Headcount decreased by 36% comparatively. 06 Efficiency & Cost Operating Performance Overlooks Concord New Energy Group Limited 2026 Interim Results
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2H2026 Strategic Priorities and Business Outlook Strategic Priorities 1 6 2 4 5 3 Concord New Energy Group Limited 2026 Interim Results
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Appendix Concord New Energy Group Limited 2026 Interim Results
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Profit or Loss (RMB’000) 1H2026 1H2025 Revenue 1,257,819 1,400,319 Cost of sales and services rendered (674,087) (731,290) Gross profit 583,732 669,029 Other income 17,738 53,960 Other gains and losses, net （25,616） 24,070 Impairment losses under expected credit loss model, net of eversal - (2,306) Distribution and selling expenses (1,561) (3,668) Administrative expenses (112,563) (160,838) Finance costs (299,781) (315,461) Share of profit of joint ventures,net 29,691 82,550 Share of profit of associates, net （3,350） （825） Profit before income tax 188,290 346,511 Income tax expenses （61,801） （54,472） Profit for the period 126,489 292,039 Attributable to: Equity shareholders of the Company 100,594 281,940 Non-controlling interests of the Company 25,895 10,099 Assets (RMB’000) 1H2026 2025 Current Assets 5,045,130 6,775,058 Non-current Assets 26,364,535 26,381,935 Total Assets 31,409,665 33,156,993 Current Liabilities (5,038,806) (6,648,048) Non-current liabilities (17,670,740) (17,856,496) Total liabilities (22,709,546) (24,504,544) Net Current Assets 6,324 127,010 Net Assets 8,700,119 8,652,449 Share capital 67,298 67,422 Reserves 8,497,412 8,448,737 Interest Bearing Liabilities (RMB’000) 18,517,473 18,955,659 Incl：short-term Debt 642,124 522,006 Long-term debt payable within one year 1,992,388 1,750,213 Long-term debt 15,882,961 16,683,440 Financials Concord New Energy Group Limited 2026 Interim Results
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➢ Subsidiary - owned Wind power installed capacity ： 2 , 905 . 5 MW Year Project Province Capacity (MW) CNE’s Stake Attributable Capacity(M W) 2015 Feixi Anhui 34 100% 34 2016 Jiepai Hunan 48 100% 48 2016 Jiagou Anhui 48 100% 48 2017 Wuhe Yinmahu Anhui 48 100% 48 2017 Qiaotoupu Hunan 48 100% 48 2017 Hongtang Hunan 48 100% 48 2017 Shengjingshan Hubei 48 100% 48 2018 Yushan Hubei 48 100% 48 2018 Lixi Hubei 48 100% 48 2019 Baimangying Hunan 48 100% 48 2019 Wulanhua D Jilin 49.5 100% 49.5 2019 Wulanhua E Jilin 49.5 100% 49.5 2019 Wulanhua F Jilin 49.5 100% 49.5 2020 Mengzhuling Hunan 50 100% 50 2020 Yingshanmiao Henan 50 100% 50 2020 Yilan Heilongjiang 200 100% 200 2021 Guazhou Gansu 100 100% 100 2021 Shiziling Phase I Guangxi 48 100% 48 2021 Dongda Hunan 48 100% 48 2021 Fuxin Hailiban Liaoning 50 100% 50 2021 Xinfa D Jilin 49.5 100% 49.5 2021 Wuying Hubei 20 100% 20 Year Project Province Capacity (MW) CNE’s Stake Attributable Capacity(M W) 2022 Shiziling Phase II Guangxi 42 100% 42 2022 Shiziling Phase III Guangxi 48 100% 48 2022 Sanhelong Liaoning 49.5 100% 49.5 2022 Kaiyuan Yunan 350 100% 350 2022 Guazhou Phase II Gansu 100 100% 100 2022 Huilong Hunan 21 100% 21 2022 Jinbi Hunan 30 100% 30 2022 Xiangbei I Hubei 100 100% 100 2023 Tonghe Heilongjiang 300 60% 180 2023 Xiangbei Fengchu II Hubei 100 100% 100 2023 Donglan Guangxi 100 100% 100 2024 Songbei I Heilongjiang 100 100% 100 2024 Alashan Distribute Inner Mongolia 15 100% 15 2024 Wengan Jianzhong Guizhou 100 100% 100 2025 Yilanhungai I Heilongjiang 200 70% 140 2025 Tuojiang Hunan 100 100% 100 2025 Baimangying III Hunan 100 100% 100 Concord New Energy Group Limited 2026 Interim Results Installed Capacity
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➢ JV&Asso . Wind power attributable capacity ： 857 . 47 MW Year Project Province Capacity (MW) CNE’s Stake Attributable Capacity(MW) 2006 Chantu Phase I Liaoning 50.25 25% 12.56 2008 Erlianhaote Phase I Inner Mongolia 21 49% 10.29 2009 Linchang Phase I Jilin 49.5 49% 24.26 2009 Zhaqi Phase I Inner Mongolia 49.5 49% 24.26 2009 Heiyupao Phase I Jilin 49.5 49% 24.26 2010 Huadeng Phase I Inner Mongolia 49.5 32.16% 15.92 2010 Huadeng Phase II Inner Mongolia 49.5 32.16% 15.92 2010 Zhalute Phase II Inner Mongolia 49.5 32.16% 15.92 2010 Zhalute Phase III Inner Mongolia 49.5 32.16% 15.92 2010 Guazhou Gansu 201 51.45% 103.41 2011 Kailu Inner Mongolia 49.5 32.16% 15.92 2011 Maniuhu Liaoning 49.5 30% 14.85 2011 Gulibengao Liaoning 49.5 30% 14.85 2013 Chaoyang Wanjia Liaoning 49.5 30% 14.85 2013 Guanshan Anhui 48 49% 23.52 2013 Suzhou Fuli Anhui 48 49% 23.52 2014 Zilingpu Hubei 48 59.30% 28.46 2014 Huolonggang Henan 49.5 59.30% 29.35 2014 Yantai Gaotuan Shandong 48 49% 23.52 2016 Lingshan Anhui 48 49% 23.52 2018 Shenzhagtang Hunan 48 25% 12 2018 Jingtang Hunan 48 25% 12 2018 Jindashan Anhui 50 30% 15 2019 Kailu Phase II Inner Mongolia 50 32.16% 16.08 2019 Yushan Phase II Hubei 89 49% 43.61 2019 Zhaqi Phase IV Inner Mongolia 50 32.16% 16.08 2020 Kailu Phase II Inner Mongolia 200 32.16% 64.32 2022 Shizong Danfeng Yunnan 300 30% 90 2023 Binxian Heilongjiang 200 49% 98 2024 Qiaodong Phase II Anhui 51 30% 15.3 ➢ Solar PV attributable capacity ： 822 . 94 MW Concord New Energy Group Limited 2026 Interim Results Installed Capacity Year Project Nation（Province） Capacity CNE’s Attributable Capacity （MW） Stake （MW） Subsidiary-owned Projects: 816.51MW attributable installed capacity 2012 Hawaii (Hoku) U.S. 0.9 80% 0.72 2013 Wisconsin (Jefferson) U.S. 1 100% 1 2014 Naidong P.R.C（Tibet） 20 100% 20 2015 Indiana U.S. 10 100% 10.2 2015 Eryuan P.R.C（Yunnan） 30 100% 30 2015 Yanyuan P.R.C（Sichuan） 30 100% 30 2015 Rhode Island (Johnston) U.S. 1.5 100% 1.5 2015 Rhode Island (North kingstown) U.S. 0.5 100% 0.5 2016 Ohio (Minster) U.S. 4.3 100% 4.3 2017 Cuomei P.R.C（Tibet） 20 100% 20 2017 Jiangzi P.R.C（Tibet） 15 100% 15 2018 Haerbin P.R.C（Heilongjiang） 1 100% 1 2021 Xiangbei Agri-PV P.R.C（Hubei） 100 100% 100 2021 Xishui P.R.C（Hubei） 40 100% 40 2021 Dachaidan P.R.C（Qinghai） 100 100% 100 2023 Dachaidan II P.R.C（Qinghai） 100 100% 100 2023 Eastern distributed PV P.R.C（Hainan） 2 100% 2.59 2023 Cuomei II P.R.C（Tibet） 30 100% 30 2024 Chengde Fengning P.R.C（Hebei） 200 100% 200 2024 Gaoyou P.R.C（Jiangsu） 100 100% 100 2025 Feilala I Italy 1 100% 1 2026 OMS roof solar Singapore 1.8 75% 1.35 2026 Tatua New Zealand 9.8 75% 7.35 JV&Asso.：6.43MW attributable installed capacity 2015 Zhaer P.R.C（Inner Mongolia） 20 32.16% 6.432
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Welcome to Contact Niu Wenhui Executive Director & CEO Email: niuwh@cnegroup.com Andrew Liu Financing Director Mobile: +86-15001266739 Email: liuny@cnegroup.com www.cnegroup.com Renee Wang IR and Financing Manager Mobile: +86-13901047384 Email: wangxuan@cnegroup.com concordnewenergy.com SINGAPORE 30 Cecil Street #21-01, Prudential Power, 049712, Singapore HONG KONG Room 4901, 49/F, Sun Hung Kai Centre, 30 Harbour Road, Wan Chai, Hong Kong BEIJING CNE Bldg., No. 9 South Shouti Rd., Haidian District, Beijing, 100048, P.R.C Joe Zhou Vice-president Email: zhouxl@cnegroup.com Concord New Energy Group Limited 2026 Interim Results CONCORD NEW ENERGY GROUP LIMITED Incorporated in Bermuda with limited liability As of 30 June 2026 STOCK CODE HK : 182 | SG : SEG