INTERIM REPORT
2021 中期報告
智慧能源
SMART
ENERGY
LongiTech Smart Energy Holding Limited
隆基泰和智慧能源控股有限公司
(incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立的有限公司)
Stock Code 股份代號：1281
Suite 805, 8th Floor, Harcourt House, No. 39 Gloucester Road, Wanchai, Hong Kong
香港灣仔告士打道39號夏愨大廈8樓805室
LongiTech Smart Energy Holding Limited
隆基泰和智慧能源控股有限公司
Design And Produced By: EDICO Financial Press Services Limited
設計及製作：鉅京財經印刷服務有限公司
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目錄 Contents
Corporate Information
公司資料
Management Discussion and Analysis
管理層討論及分析
Corporate Governance and Other Information
企業管治及其他資料
Report on Review of Interim Condensed Consolidated
Financial Information
中期簡明綜合財務資料審閱報告
Interim Condensed Consolidated
Statement of Profit or Loss
中期簡明綜合損益表
Interim Condensed Consolidated
Statement of Comprehensive Income
中期簡明綜合全面收益表
Interim Condensed Consolidated
Statement of Financial Position
中期簡明綜合財務狀況表
Interim Condensed Consolidated
Statement of Changes in Equity
中期簡明綜合權益變動表
Interim Condensed Consolidated
Statement of Cash Flows
中期簡明綜合現金流量表
Notes to the Unaudited Interim Condensed Consolidated
Financial Information
未經審核中期簡明綜合財務資料附註
2
5
16
27
29
31
32
34
36
37
2 LongiTech Smart Energy Holding Limited Interim Report 2021
Corporate Information
公司資料
BOARD OF DIRECTORS
Executive Director
Mr. Wei Qiang (Chairman and Chief Executive Officer)
Non-executive Director
Mr. Wei Shaojun
Independent Non-executive Directors
Dr. Han Qinchun
Mr. Wong Yik Chung, John
Mr. Han Xiaoping
AUDIT COMMITTEE
Mr. Wong Yik Chung, John (Chairman)
Dr. Han Qinchun
Mr. Han Xiaoping
REMUNERATION COMMITTEE
Dr. Han Qinchun (Chairman)
Mr. Wong Yik Chung, John
Mr. Wei Qiang
NOMINATION COMMITTEE
Mr. Wei Qiang (Chairman)
Mr. Wong Yik Chung, John
Mr. Han Xiaoping
AUTHORISED REPRESENTATIVES
Mr. Wei Qiang
Ms. Zou Yanhong
董事會
執行董事
魏強先生（主席兼行政總裁）
非執行董事
魏少軍先生
獨立非執行董事
韓秦春博士
黃翼忠先生
韓曉平先生
審核委員會
黃翼忠先生（主席）
韓秦春博士
韓曉平先生
薪酬委員會
韓秦春博士（主席）
黃翼忠先生
魏強先生
提名委員會
魏強先生（主席）
黃翼忠先生
韓曉平先生
授權代表
魏強先生
鄒燕紅女士
3隆基泰和智慧能源控股有限公司 中期報告 2021
Corporate Information
公司資料
公司秘書
鄒燕紅女士
法律顧問
香港法律：
方達律師事務所
香港
中環
康樂廣場8號
交易廣場1期26樓
核數師
香港立信德豪會計師事務所有限公司
執業會計師
香港
干諾道中111號
永安中心25樓
註冊辦事處
Windward 3, Regatta Office Park
PO Box 1350
Grand Cayman KY1-1108
Cayman Islands
中國總部
中國
河北省
高碑店市
東方路66號
隆基泰和工業園
COMPANY SECRETARY
Ms. Zou Yanhong
LEGAL ADVISOR
As to Hong Kong law:
FANGDA PARTNERS
26/F, One Exchange Square
8 Connaught Place
Central
Hong Kong
AUDITOR
BDO Limited
Certified Public Accountants
25/F, Wing On Centre
111 Connaught Road Centre
Hong Kong
REGISTERED OFFICE
Windward 3, Regatta Office Park
PO Box 1350
Grand Cayman KY1-1108
Cayman Islands
HEADQUARTERS IN THE PRC
Longjitaihe Industrial Park
66 Dongfang Road
Gaobeidian City
Hebei Province
PRC
4 LongiTech Smart Energy Holding Limited Interim Report 2021
Corporate Information
公司資料
PRINCIPAL PLACE OF BUSINESS IN
HONG KONG
Suite 805, 8th Floor, Harcourt House
39 Gloucester Road
Wanchai
Hong Kong
PRINCIPAL SHARE REGISTRAR AND
TRANSFER OFFICE IN THE CAYMAN ISLANDS
Ocorian Trust (Cayman) Limited
Windward 3, Regatta Office Park
PO Box 1350
Grand Cayman KY1-1108
Cayman Islands
HONG KONG BRANCH SHARE REGISTRAR
AND TRANSFER OFFICE
Tricor Investor Services Limited
Level 54, Hopewell Centre
183 Queen’s Road East
Wan Chai
Hong Kong
PRINCIPAL BANKERS
China Development Bank
Bank of China
Industrial & Commercial Bank of China
China Minsheng Bank
COMPANY’S WEBSITE
STOCK CODE
1281 (Main Board of The Stock Exchange of Hong Kong Limited)
香港主要營業地點
香港
灣仔
告士打道39號
夏愨大廈8樓805室
開曼群島股份過戶登記總處
Ocorian Trust (Cayman) Limited
Windward 3, Regatta Office Park
PO Box 1350
Grand Cayman KY1-1108
Cayman Islands
香港股份過戶登記分處
卓佳證券登記有限公司
香港
灣仔
皇后大道東183號
合和中心54樓
主要往來銀行
國家開發銀行
中國銀行
中國工商銀行
中國民生銀行
公司網址
股份代號
1281（香港聯合交易所有限公司主板）
5隆基泰和智慧能源控股有限公司 中期報告 2021
Management Discussion and Analysis
管理層討論及分析
OVERVIEW
For the six months ended 30 June 2021 (the “Period”), LongiTech Smart
Energy Holding Limited (the “Company”) and its subsidiaries (collectively, the
“Group”) was principally engaged in smart energy business and public
infrastructure construction business, with gradual expansion and
diversification of other clean energy businesses.
For the Period, the Group’s revenue was RMB225,480,000 (same period of
2020: RMB54,692,000), representing an increase of approximately 312% as
compared to the same period of 2020. Such increase in revenue was
primarily attributable to the growth in sales of the home photovoltaic systems
business and the increase in investment in the public infrastructure
construction business during the Period. Loss attributable to owners of the
Company amounted to RMB8,888,000 (same period of 2020: loss
attributable to owners of the Company of RMB31,046,000), representing a
decrease in loss of approximately 71% as compared to the same period of
2020. Such decrease in loss was primarily attributable to, inter alia, the
increase in the following two gains: (i) the public infrastructure construction
business recorded a profit attributable to owners of the Company of
approximately RMB2,240,000 for the Period, as compared to the loss
attributable to owners of the Company of RMB8,712,000 in the same period
of 2020; and (ii) the Group realized a fair value gain on financial assets at fair
value through profit or loss of approximately RMB10,019,000, as compared
to the fair value loss of RMB338,000 in the same period of 2020.
綜述
截至二零二一年六月三十日止六個月（「本期
間」），隆基泰和智慧能源控股有限公司（「本公
司」）及其附屬公司（合稱「本集團」）的主營業
務為智慧能源業務及公建建設業務，並逐步
拓展和豐富其他清潔能源業務。
本期間，本集團之收益為人民幣225,480,000
元（二零二零年同期：人民幣54,692,000元），
較二零二零年同期上升約312%，收益增長的
主要原因為本期間戶用光伏系統業務的銷售
額增長及公建建設業務的投資額增長所致；
本公司擁有人應佔虧損為人民幣8,888,000元
（二零二零年同期：本公司擁有人應佔虧損人
民幣31,046,000元），虧損較二零二零年同期
減少約71%，虧損減少主要得益於（其中包括）
以下兩項收益的增加所致：(i)公建建設業務
本期間錄得本公司擁有人應佔溢利約人民幣
2,240,000元，而二零二零年同期錄得本公司
擁有人應佔虧損為人民幣8,712,000元；及 (ii)
本集團按公平值計量且其變動計入損益的金
融資產本期間產生的公平值收益約為人民幣
10,019,000元，而二零二零同期產生公平值虧
損為人民幣338,000元。
6 LongiTech Smart Energy Holding Limited Interim Report 2021
Management Discussion and Analysis
管理層討論及分析
業務回顧
智慧能源業務
本集團的智能能源業務，定位於用戶側的綜
合能源服務，主要從工商業、住宅、公共機構
等客戶的需求出發，依托於具有自主知識產
權的智能能源雲平台，為客戶提供基於電、
熱、氣等多種能源的全方位智慧能源綜合利
用服務，幫助客戶提升能源使用效率，降低能
源使用成本，構建豐富、清潔、低碳的供能結
構體系。
本集團實現上述業務目標的路徑是，將能源
系統與互聯網技術融合，一方面通過線下拓
展電、熱、氣等綜合能源業務，獲取優質的能
源資產和項目，並通過對該等資產的運營和
管理，賺取穩定的運營和投資收益；另一方
面，本集團通過在線的雲平台系統，將電、
熱、氣等工商業企業及居民用戶的能源數據
實時上傳到雲平台，集成並分析大數據，挖掘
客戶用能潛力，為用戶提供包括電、熱、氣等
多能互補、智能運維、能源交易、能效分析、
諮詢管理乃至能源金融、能源大數據等其他
全產業鏈服務。
BUSINESS REVIEW
Smart Energy Business
The Group’s smart energy business, positioned as comprehensive energy
services for the user side, mainly serves to meet the demands from
customers in industrial, commercial and residential sectors as well as public
institutions. The Group provides its customers with a full range of smart
energy comprehensive utilization services based on various energy sources
including electricity, heat and gas by leveraging on its smart energy cloud
platform with proprietary intellectual property rights, to help customers
improve their energy utilization efficiency and reduce energy consumption
cost, whereby building a diversified, clean and low-carbon energy supply
system.
To realize the above business objectives, the Group works towards the
integration of energy systems with internet technology. On one hand, the
Group acquires premium energy assets and projects by expanding its offline
business in comprehensive energy supply such as electricity, heat and gas,
and generates stable business and investment returns from operating and
managing such assets. On the other hand, the Group uploads real-time data
of electricity, heat and gas consumption of its industrial and commercial
enterprises and residential users to its cloud platform, integrates and analyzes
such big data, and explores potentials from energy consumption of
customers, so as to provide users with other full industrial chain services,
ranging from multi-energy complementation of electricity, heat and gas, smart
operation and maintenance, energy trade, energy efficiency analysis, and
consultancy management to energy finance and energy big data.
7隆基泰和智慧能源控股有限公司 中期報告 2021
Management Discussion and Analysis
管理層討論及分析
During the Period, the Group’s smart energy business mainly represented the
solar power business, which covers the operation and management of its
existing solar power plants and sales of home photovoltaic systems. The
Group had a total of 11 existing solar power plants with an aggregate installed
capacity of approximately 64 megawatts (MW). During the Period, the Group
had a total power generation capacity of 43,150 megawatts hours (MWh) (same
period of 2020: 42,590 MWh). In terms of home photovoltaic business, sales
and installation of home photovoltaic systems were carried out by the Group
mainly in the districts and counties of Hebei Province during the Period.
During the Period, the Group sold and installed home photovoltaic systems
with capacity of approximately 44 MW (same period of 2020: nil). In addition,
the Group owns a 110 kilo-volt (kV) transformer station in Hefeng Industrial
Park in Xinjiang. Based on an outlook of the development progress of the
Hefeng Industrial Park, the management of the Company expected that the
transformer station cannot provide electricity sales and distribution services to
enterprises in the park as expected. Therefore, the Group made a provision
for impairment loss of RMB28,151,000 in respect of the transformer station
for the Period (same period of 2020: nil).
During the Period, the smart energy business contributed approximately
RMB165,281,000 (same period of 2020: RMB39,332,000) to the Group’s
revenue, representing an increase of approximately 320% as compared to
the same period of last year, which was primarily attributable to the growth in
sales of home photovoltaic systems. Although there was a substantial growth
in revenue, affected by the impairment loss of the above transformer station
and a low profit level of sales of home photovoltaic systems business due to
the sharp increase in raw materials costs in the first half of 2021, the smart
energy business recorded a loss attributable to owners of the Company of
RMB18,051,000 during the Period (same period of 2020: loss attributable to
owners of the Company of RMB17,007,000). The loss was basically the same
as that in the same period of 2020.
Public Infrastructure Construction Business
The public infrastructure construction business refers to the business in
relation to the construction of public infrastructure and the related preliminary
investment and post-construction, operation and management under the
Baoding Donghu project (the “Baoding Donghu Project”). During the Period,
the Baoding Donghu Project contributed approximately RMB60,199,000 (same
period of 2020: RMB15,360,000) to the Group’s revenue. Profit attributable
to owners of the Company amounted to approximately RMB2,240,000 (same
period of 2020: loss attributable to owners of the Company of approximately
RMB8,712,000). The increase in both revenue and profit was primarily
attributable to the increased investment made by the Group in the
construction of public infrastructure during the Period.
於本期間，本集團的智慧能源業務主要為光
伏業務，包括對原有存量光伏電站的運營管
理及銷售戶用光伏系統。本集團存量光伏電
站數量為11個，總裝機容量約64兆瓦，於本期
間的總發電量為43,150兆瓦時（二零二零年同
期：42,590兆瓦時）。在戶用光伏業務方面，本
期間本集團主要在河北省各區縣銷售及安裝
戶用光伏系統。於本期間，本集團銷售及安裝
的戶用光伏系統約44兆瓦（二零二零年同期：
無）。此外，本集團在新疆和豐工業園區擁有
的一座110千伏變電站，根據對和豐工業園
開發進度的展望，本公司管理層預計變電站
不能按照預期為園區企業提供配售電服務，
於本期間，本集團對該變電站資產計提了人
民幣28,151,000元的減值虧損（二零二零年同
期：無）。
本期間，智慧能源業務為本集團帶來的收益
約為人民幣165,281,000元（二零二零年同期：
人民幣39,332,000元），較上年同期增長約
320%，主要為戶用光伏系統銷售增長所致。
儘管收益有較大幅度增長，受上述變電站資
產減值虧損的影響，及二零二一年上半年原
材料成本大幅上升，導致銷售戶用光伏系統
業務利潤水平較低，本期間，智慧能源業務錄
得本公司擁有人應佔虧損為人民幣18,051,000
元（二零二零年同期：本公司擁有人應佔虧損
人民幣17,007,000元），虧損與二零二零年同
期基本持平。
公建建設業務
公建建設業務是指保定東湖項目（「保定東
湖項目」）的公共基礎設施建設及相關前期
投資和後期建設運營管理業務。於本期間，
保定東湖項目為本集團帶來收益約為人民
幣60,199,000元（二零二零年同期：人民幣
15,360,000元），本公司擁有人應佔溢利約為
人民幣2,240,000元（二零二零年同期：本公司
擁有人應佔虧損約為人民幣8,712,000元）。收
益及溢利增長的原因為，本期間本集團加大
了對公共基礎設施建設的投資額所致。
8 LongiTech Smart Energy Holding Limited Interim Report 2021
Management Discussion and Analysis
管理層討論及分析
BUSINESS OUTLOOK
In the first half of 2021, with more effective domestic containment of the
COVID-19 pandemic (the “Pandemic”), China’s economic fundamentals
improved steadily. According to the data released by the National Energy
Administration, in the first half of the year, China’s energy consumption grew
rapidly, with a % rise in the total electricity consumption year-on-year. In
respect of solar power sector, prices along the supply chain in this sector
remained high in the first half of 2021, resulting in a general increase of
approximately 20% in photovoltaic component prices, which slowed down
the construction and grid connection of centralized solar power plants. The
newly installed capacity of solar power registered a marginal increase of just
gigawatts (GW) for the first half of 2021, which was far below what the
industry expected. Of which, new installations of home photovoltaic systems
accounted for GW. Such scale of new installations has made home
photovoltaic systems become the main source of new solar power
installations, ahead of centralized solar power plants for the first time. Having
said that, owing to the adverse impact of the significant increase in costs of
photovoltaic raw materials in the first half of the year, there is very little room
for the profitability of sales of the home photovoltaic systems business.
Looking forward to the second half of the year, opportunities and challenges
will co-exist in the path of post-Pandemic economic recovery. Guided by the
zero-carbon goal, energy transition has become a global trend. On the flip
side, the Pandemic developments as well as the complex and challenging
external environment will add uncertainties to economic recovery. In view of
such dynamic external environment, in the second half of 2021, we will
continue to adopt a prudent business strategy, under which, we will strive to
enhance the management quality of our existing assets with focus on the
Company’s principal businesses. Also, from time to time, we will review and
make adjustments to optimize our existing business portfolio based on
market developments, so as to ensure the continued stable and healthy
business development of the Group.
業務展望
二零二一年上半年，COVID-19疫情（「疫情」）在
國內得到較好控制，中國經濟運行基本面穩
中向好發展。根據國家能源局發布的數據，上
半年我國能源消費實現快速增長，全社會用
電量同比增長%。在光伏方面，二零二一
年上半年光伏供應鏈價格持續高位，使光伏
組件價格整體上升約20%，導致集中式光伏電
站建設併網速度放緩。二零二一年上半年光
伏發電新增裝機容量僅錄得輕微增幅至
吉瓦，遠低於行業預期。其中，戶用光伏新增
機吉瓦，新增機規模首超集中式光伏
電站，成為光伏發電新增裝機的主要來源。但
受上半年光伏原材料成本大幅上漲的沖擊影
響，銷售戶用光伏系統業務的利潤空間非常
有限。
展望下半年，疫情後的經濟復蘇，機遇與挑戰
並存。在零碳目標的指引下，全球能源轉型大
勢所趨，但疫情的變化和外部環境的複雜嚴
峻，也推升經濟復蘇的不確定性。面對複雜多
變的外部環境，二零二一年下半年，我們將繼
續採取穩健的經營策略，圍繞本公司的主營
業務，提升現有資產的管理質量，並根據市場
變化不時審視並調整優化現有業務組合，以
保持本集團業務的穩定、健康發展。
9隆基泰和智慧能源控股有限公司 中期報告 2021
Management Discussion and Analysis
管理層討論及分析
FINANCIAL REVIEW
Revenue and Gross Profit
The Group’s revenue and gross profit for the Period amounted to
RMB225,480,000 (same period of 2020: RMB54,692,000) and
RMB51,073,000 (same period of 2020: RMB22,341,000), respectively,
representing an increase in revenue and gross profit of 312% and 129%
respectively as compared to the same period of last year. Such increases
were primarily attributable to the growth in revenue and gross profit from the
sales of home photovoltaic systems business and the public infrastructure
construction business. Gross profit margin was 23% (same period of 2020:
41%), representing a decline of 18% as compared to the same period of last
year. Such decline was primarily attributable to the rising costs of photovoltaic
raw materials, resulting in a relatively low gross profit margin of the home
photovoltaic business in general.
Selling and Distribution Expenses
The Group incurred selling and distribution expenses of RMB12,614,000
during the Period (same period of 2020: RMB16,000), representing an
increase of 78,738% as compared to the same period of last year. Such
increase during the Period was primarily attributable to the increased sales of
the home photovoltaic systems business, while there was no such related
business in the same period of last year.
Administrative Expenses
The Group incurred administrative expenses of RMB27,257,000 during the
Period (same period of 2020: RMB20,198,000), representing an increase of
35% as compared to the same period of last year. Such increase during the
Period was primarily attributable to the increase in operating expenses of
sales of the home photovoltaic systems business.
Finance Expenses, Net
Net finance expenses of the Group amounted to RMB1,047,000 for the
Period (same period of 2020: net finance expenses of RMB11,149,000),
representing a decrease of approximately 91% as compared to the same
period of last year. Such decrease was primarily attributable to the decrease
in interest expense on bank loans in respect of the solar power plants and
the public infrastructure construction business and the increase in interest
income from loans to entities.
財務回顧
收益及毛利
本集團於本期間的收益及毛利分別為人民
幣225,480,000元（二零二零年同期：人民幣
54,692,000元）及人民幣51,073,000元（二零二
零年同期：人民幣22,341,000元）。收益及毛利
較上年同期分別增長312%和129%，增長主要
是因為銷售戶用光伏系統業務及公建建設業
務的收益及毛利增長所致。毛利率為23%（二
零二零年同期：41%），毛利率較去年同期下
降18%，下降的主要原因為：受光伏相關的原
材料成本上漲，戶用光伏業務的整體毛利率
水平較低所致。
銷售及分銷開支
本集團於本期間的銷售及分銷開支為人民幣
12,614,000元（二零二零年同期：人民幣16,000
元），較上年同期增長78,738%，本期間增長
原因主要為戶用光伏系統業務的銷售增長所
致，而去年同期並無相關業務。
行政開支
本集團於本期間行政開支為人民幣27,257,000
元（二零二零年同期：人民幣20,198,000元），
較上年同期增長35%，本期間增長的主要原因
為銷售戶用光伏系統業務營運費用增長所致。
融資開支淨額
本集團於本期間的融資開支淨額為人民幣
1,047,000元（二零二零年同期：融資開支淨額
為人民幣11,149,000元），較去年同期下降約
91%。下降主要因為光伏電站及公建建設業務
的銀行貸款產生的利息支出減少及對企業貸
款利息收入增加所致。
10 LongiTech Smart Energy Holding Limited Interim Report 2021
Management Discussion and Analysis
管理層討論及分析
Income Tax (Expense)/Credit
Income tax expense of the Group amounted to RMB707,000 for the Period
(same period of 2020: income tax credit of RMB650,000), representing a
decrease of 209% as compared to the same period of last year. Such
decrease for the Period was primarily attributable to decrease in deferred
income tax credit recognised arising from the impairment losses on financial
assets.
Financial Assets at Fair Value through Profit or Loss
The Group held two financial assets for investment purpose during the Period,
which were stated at fair value:
(1) The Group held shares in an unlisted investment fund, Yue Xiu Stable
Income Segregated Portfolio, which is an independent third party. The
Group had the intention of holding it as a short to medium term
investment redeemable upon application to the fund manager, which
allowed better investment flexibility, with an expectation of sharing
capital appreciation from the fund. The Group redeemed its
4, Class A shares in the fund on 17 December 2020, and
now holds interest in the remaining 6, Class A shares in
the fund.
The fund is stated at fair value, which amounted to HK$66,779,000
(equivalent to RMB55,566,000) as at 30 June 2021 (fair value as at 31
December 2020 of HK$54,773,000, equivalent to RMB46,099,000).
During the Period, the fund generated a fair value gain of approximately
HK$12,006,000 (equivalent to approximately RMB10,019,000) (same
period of 2020: a fair value loss of approximately HK$864,000,
equivalent to approximately RMB782,000). As at 30 June 2021, the
carrying amount of the fund accounted for approximately % of the
total assets of the Group (as at 31 December 2020: %), and
approximately % of the portfolio of financial assets at fair value
through profit or loss (as at 31 December 2020: %).
所得稅（開支）╱收益
本集團於本期間的所得稅開支為人民幣
707,000元（二零二零年同期：所得稅收益人民
幣650,000元），較上年同期下降209%，本期
間下降主要因為因金融資產減值損失而確認
的遞延所得稅抵免減少所致。
按公平值計量且其變動計入損益
的金融資產
本集團於本期間持有二項金融資產，用作投
資為目的，並按公平值列賬：
(1) 本 集 團 持 有 非 上 市 投 資 基 金Yue Xiu
Stable Income Segregated Portfolio之股
份，為獨立第三方。本集團有意持作短
至中期投資，且可向該基金管理人提出
贖回申請，投資彈性比較大，並希望可
以從該基金獲得資本增值。本集團於二
零二零年十二月十七日已贖回其於該基
金的4,股A類股份，本集團
目前持有該基金餘下6,股A
類股份的權益。
該基金乃按公平值列賬，於二零二一
年六月三十日的公平值為66,779,000
港元（相等於人民幣55,566,000元）（於
二零二零年十二月三十一日的公平
值 為54,773,000港 元，相 等 於 人 民 幣
46,099,000元），於本期間該基金產生公
平值收益約12,006,000港元（相等於約人
民幣10,019,000元）（二零二零年同期：
產生公平值虧損約864,000港元，相等於
約人民幣782,000元）。該基金賬面值佔
二零二一年六月三十日本集團資產總值
之約%（於二零二零年十二月三十一
日：%）及按公平值計量且其變動計
入損益金融資產組合之約%（於二零
二零年十二月三十一日：%）。
11隆基泰和智慧能源控股有限公司 中期報告 2021
Management Discussion and Analysis
管理層討論及分析
(2) The Group held the unlisted exchangeable corporate bonds issued by
Supreme Trillion Development Limited, an independent third party, on
11 September 2018. In August 2019, the Group requested to redeem
the exchangeable corporate bonds. As at 30 June 2021, the remaining
principal amount of the exchangeable corporate bonds was
HK$615,000 (equivalent to RMB512,000) (as at 31 December 2020:
remaining principal amount of HK$715,000, equivalent to RMB602,000)
with a fair value of HK$1,042,000 (equivalent to RMB867,000) (as at 31
December 2020: HK$1,142,000, equivalent to RMB962,000). During
the Period, the exchangeable corporate bonds did not generate any fair
value gain (same period of 2020: fair value gain of approximately
HK$92,000, equivalent to RMB84,000). As at 30 June 2021, the
carrying value of the exchangeable corporate bonds accounted for
approximately % of the total assets of the Group (as at 31
December 2020: %) and approximately % of the portfolio of
financial assets at fair value through profit and loss (as at 31 December
2020: %).
The Group’s investments primarily consist of long-term projects in the smart
energy and public infrastructure construction sectors, which generally take
extended periods of time to generate positive cash flows. In the event of any
unexpected event that has a negative impact on the business and prospects
of the smart energy industry, the Group’s overall business performance may
be affected. In light of the above, as part of the Group’s development plan
and risk control, the board (the “Board”) of directors (the “Directors”) of the
Company considered that the inclusion of investment in financial assets
would help diversify its asset and investment portfolio and reduce the impact
of any market risk on the overall business of the Group.
The strategy of the Group with respect to the investment in financial assets is
not to invest in speculative securities but mainly in investments with lower
risks, with the initial investments focusing on investment funds managed by
qualified and licensed investment managers or low-risk bonds. Such
investment funds or bonds invest in low-risk underlying assets with relative
low price volatility, high liquidity, short to medium term and/or stable income
stream.
(2) 本集團持有獨立第三方卓兆發展有限
公司於二零一八年九月十一日發行的
非上市可交換公司債券。於二零一九
年八月，本集團已提出贖回可交換公司
債券。於二零二一年六月三十日可交
換公司債券剩下的本金額為615,000港
元（相等於人民幣512,000元）（於二零二
零年十二月三十一日：剩下的本金額
為715,000港元，相等於人民幣602,000
元），而公平值為1,042,000港元（相等於
人民幣867,000元）（於二零二零年十二月
三十一日：1,142,000港元，相等於人民
幣962,000元）。於本期間，該可交換公
司債券未產生公平值收益（二零二零年
同期：產生公平值收益約92,000港元，
相等於人民幣84,000元）。該可交換債券
賬面值佔二零二一年六月三十日本集團
資產總值之約%（於二零二零年十二
月三十一日：%）及按公平值計量且
其變動計入損益金融資產組合之約%
（於二零二零年十二月三十一日：%）。
本集團之投資主要包括智慧能源及公建建設
領域之長期項目，一般需要較長時間產生正
面現金流量。倘出現任何對智慧能源行業之
業務及前景產生負面影響之不可預計事件，
本集團之整體業務表現可能會受到影響。鑒
於以上所述，作為本集團發展計劃及風險控
制之一部分，本公司董事 (「董事」)會（「董事
會」）認為納入金融資產投資將有助多元化其
資產及投資組合並減低任何市場風險對本集
團整體業務之影響。
本集團有關金融資產投資之策略為不投資於
投機性證券，惟主要投資於較低風險投資，初
始投資集中於合資格持牌投資經理所管理之
投資基金或低風險之債券，有關投資基金或
債券投資於價格波動相對較低、流動性較高、
中短期及╱或具備穩定收入來源之低風險相
關資產。
12 LongiTech Smart Energy Holding Limited Interim Report 2021
Management Discussion and Analysis
管理層討論及分析
流動資金、財務及資本資源
本集團採用審慎的財務資源管理政策，維持
足夠營運資金，以應付日常營運。本集團為其
所有業務提供的資金均在集團層面統一檢討
及監控。此外，本集團嚴格控制債務水平，本
集團之債務主要為銀行借款。
現金狀況
於二零二一年六月三十日，銀行結餘及現金
約為人民幣174,682,000元（於二零二零年十二
月三十一日：人民幣155,585,000元），其中受
限銀行結餘及現金（主要用於保定東湖項目支
出）約為人民幣6,692,000元（於二零二零年十
二月三十一日：人民幣139,000元）。
截至二零二一年六月三十日止六個月，本集
團資金的主要來源包括經營活動產生的現金
及投資活動產生的現金。
流動資產總額及流動比率
於二零二一年六月三十日，流動資產總額及
流動比率（流動資產總額╱流動負債總額）分別
約為人民幣831,920,000元（於二零二零年十二
月三十一日：人民幣743,960,000元）及（於
二零二零年十二月三十一日：）。流動資
產總額增加主要為合約資產及預付款增加，
而流動比率降低主要為應付帳款增加。
外部借款及資產質押
於二零二一年六月三十日，本集團的外部借
款為人民幣223,200,000元（於二零二零年十
二月三十一日：人民幣235,400,000元），其
中人民幣223,200,000元以若干賬面價值為
人民幣275,587,000元的光伏電站機械及若
干附屬公司之未來應收款項之收款權抵押作
擔保（於二零二零年十二月三十一日：人民
幣235,400,000元以若干賬面價值為人民幣
285,107,000元的光伏電站機械及若干附屬公
司之未來應收款項之收款權抵押作擔保）。
LIQUIDITY, FINANCIAL AND CAPITAL
RESOURCES
The Group adopts a prudent treasury management policy to maintain
sufficient working capital to cope with daily operations. The funding for all its
operations has been centrally reviewed and monitored at the Group level. In
addition, the Group strictly controls the debt level, and the Group's debt is
mainly bank borrowings.
Cash Position
As at 30 June 2021, bank balances and cash amounted to approximately
RMB174,682,000 (as at 31 December 2020: RMB155,585,000), of which
approximately RMB6,692,000 (as at 31 December 2020: RMB139,000) was
restricted bank balances and cash (mainly used for the expenses incurred by
the Baoding Donghu Project).
For the six months ended 30 June 2021, the Group’s primary source of
funding included cash generated from operating activities and cash generated
from investing activities.
Total Current Assets and Current Ratio
As at 30 June 2021, total current assets and current ratio (total current
assets/total current liabilities) were approximately RMB831,920,000 (as at 31
December 2020: RMB743,960,000) and (as at 31 December 2020: ),
respectively. Such increase in total current assets was primarily attributable to
the increase in contract assets and prepayments, while the decrease in
current ratio was primarily attributable to the increase in trade payables.
External Borrowings and Pledge of Assets
As at 30 June 2021, the Group had external borrowings of RMB223,200,000
(as at 31 December 2020: RMB235,400,000), of which RMB223,200,000
was secured by certain of the machinery of solar power plants with a carrying
amount of RMB275,587,000 and the collection rights of future receivables of
certain subsidiaries (as at 31 December 2020: RMB235,400,000 was secured
by certain of the machinery of solar power plants with a carrying amount of
RMB285,107,000 and the collection rights of future receivables of certain
subsidiaries).
13隆基泰和智慧能源控股有限公司 中期報告 2021
Management Discussion and Analysis
管理層討論及分析
Gearing Ratio
The table below sets forth the calculation of the gearing ratio of the Group as
at the dates indicated:
As at
30 June
2021
As at
31 December
2020
於二零二一年
六月三十日
於二零二零年
十二月三十一日
RMB’000 RMB’000
人民幣千元 人民幣千元
(Unaudited) (Audited)
（未經審核） （經審核）
Bank loans 銀行貸款 223,200 235,400
Lease liabilities 租賃負債 13,575 11,939
Less: Cash and cash equivalents 減：現金及現金等價物 (167,990) (155,446)
Restricted cash 受限制現金 (6,692) (139)
Net debt 債務淨額 62,093 91,754
Total equity 權益總額 1,193,216 1,201,916
Total capital (Net debt plus total equity) 總資本（債務淨額加權益總額） 1,255,309 1,293,670
Gearing ratio (Net debt/total capital) 負債比率（債務淨額╱總資本） % %
As at 30 June 2021, the gearing ratio of the Group was %, representing a
decrease of percentage points as compared to that of % as at 31
December 2020. Such decrease was primarily attributable to the increase in
cash and cash equivalents held and the decrease in debts.
The proportion of long-term and short-term debts was % and %,
respectively (as at 31 December 2020: % and %), of which
borrowings of the solar power business amounting to RMB223,200,000 were
gradually repaid with proceeds from electricity sales. Therefore, the Group
was not exposed to any significant insolvency risk.
負債比率
下表載列本集團於所示日期的負債比率的計
算：
於二零二一年六月三十日，本集團之負債比
率為%，與於二零二零年十二月三十一日
之負債比率%相比減少個百分點。減少
的主要原因為持有現金及現金等價物增加及
債務減少所致。
長期債務與短期債務各佔%及%（於二
零二零年十二月三十一日：%及%），
其中太陽能業務借款人民幣223,200,000元以
售電所得資金逐步償還，故本集團並無面臨
重大償債風險。
14 LongiTech Smart Energy Holding Limited Interim Report 2021
Management Discussion and Analysis
管理層討論及分析
Interest Rate Risk
The Group’s interest rate risk arises primarily from its external borrowings.
During the Period, external borrowings bear interests at rates ranging from
% to % per annum (as at 31 December 2020: % to % per
annum). The interest rates applicable to the borrowings of the solar power
plants were charged at the lending rate of the People’s Bank of China for the
same period plus 10% to 15%. Its risk is derived from the volatility in China’s
policy on interest rate, but the Group expects the impact of the interest rate
risk on the Group’s consolidated profit or loss to be insignificant.
Exchange Risk
As the Group’s principal activities are carried out in the PRC, the Group’s
transactions are mainly denominated in Renminbi, which is not freely
convertible into foreign currencies. All foreign exchange transactions involving
Renminbi must take place through the People’s Bank of China or other
institutions authorized to buy and sell foreign exchanges. The exchange rates
adopted for foreign exchange transactions are the rates of exchange quoted
by the People’s Bank of China that are determined largely by supply and
demand.
The Group currently does not have a policy on foreign currency risk as it had
minimal transactions denominated in foreign currencies during the Period,
and the impact of foreign currency risk on the Group’s operation is minimal.
Investment Commitments
As at 30 June 2021, the Group had investment commitments of
approx imate ly RMB101,600,000 (as at 31 December 2020:
RMB101,600,000), which were mainly the Group’s obligations of capital
contribution to its associated company, Longyao (Beijing) Clean Energy
Technology Company Limited* (隆耀(北京)清潔能源科技有限公司) that shall
be fulfilled before 31 December 2021.
Contingent Liabilities
As at 30 June 2021, the Group did not have any contingent liabilities (as at 31
December 2020: nil).
Fund Raising Activities
The Company did not have any fund raising activities during the Period.
利率風險
本集團的利率風險主要來自其外部借款。於
本期間，外部借款按介乎%至%之年
利率計息（於二零二零年十二月三十一日：年
利率%至%）。光伏電站借款利率為中
國人民銀行同期借款利率上浮10%至15%，其
風險源自中國利率政策的波動，但本集團預
計該利率風險對本集團綜合損益之影響並不
重要。
匯率風險
由於本集團的主要業務在中國進行，本集團
的交易主要以人民幣計值，而人民幣不可自
由兌換為外幣。有涉及人民幣的外匯交易均
須透過中國人民銀行或其他授權進行外匯買
賣的機構進行。外匯交易所採用的匯率為中
國人民銀行主要根據供應和需求釐定所報的
匯率。
由於本期間以外幣計值的交易極少，本集團
現時並無關於外幣風險的政策，且外幣風險
對本集團營運的影響極小。
投資承擔
於二零二一年六月三十日，本集團投資承擔
約人民幣101,600,000元（於二零二零年十二月
三十一日：人民幣101,600,000元），主要為本
集團應於二零二一年十二月三十一日前完成
對聯營公司隆耀（北京）清潔能源科技有限公
司的出資義務。
或有負債
於二零二一年六月三十日，本集團並無任何
或有負債（於二零二零年十二月三十一日：
無）。
集資活動
本公司本期間並無進行任何集資活動。
15隆基泰和智慧能源控股有限公司 中期報告 2021
Management Discussion and Analysis
管理層討論及分析
MATERIAL ACQUISITION AND INVESTMENT
The Group had no material acquisition and investment during the Period.
MATERIAL DISPOSAL
The Group had no material disposal during the Period.
EMPLOYEES AND REMUNERATION POLICIES
The Group had 268 employees as at 30 June 2021 (as at 31 December
2020: 269 employees). Employees are remunerated according to the nature
of their positions, individual qualification, performance, work experience and
market trends, and subject to periodic reviews based on their performance.
Meanwhile, to attract and retain high-caliber employees to ensure smooth
operation and accommodate the continued expansion of the Group, the
Group offers competitive remuneration and benefit packages to employees at
different levels, including discretionary bonuses, various training programs,
sponsorship for further study and share option schemes for the benefit of the
Directors and eligible employees of the Group.
重大收購及投資
於本期間，本集團不存在重大收購及投資事
項。
重大出售
於本期間，本集團不存在重大出售事項。
僱員及薪酬政策
於二零二一年六月三十日，本集團聘有268名
僱員（於二零二零年十二月三十一日：269名
僱員）。僱員乃根據其職位性質、個人資格、
表現、工作經驗及市場趨勢釐定薪酬，並根據
其表現進行定期考評。同時，為招攬及延攬高
質素僱員以確保營運順暢及應付本集團持續
拓展，本集團提供具競爭力的薪酬及福利待
遇予不同層級員工，包括酌情花紅、多項培訓
計劃、進修贊助及購股權計劃，從而令董事及
本集團之合資格僱員受益。
16 LongiTech Smart Energy Holding Limited Interim Report 2021
Corporate Governance and Other Information
企業管治及其他資料
COMPLIANCE WITH THE CG CODE
The Group is committed to maintaining high standards of corporate
governance to safeguard the interests of the Shareholders and to enhance
corporate value and accountability. The Company had complied with all the
applicable code provisions set out in the Corporate Governance Code and
Corporate Governance Report (the “CG Code”) contained in Appendix 14 to
the Rules Governing the Listing of Securities (the “Listing Rules”) on The
Stock Exchange of Hong Kong Limited (the “Stock Exchange”) during the
Period, except for the following deviation:
Mr. Wei Qiang, an executive Director, is the chief executive officer and the
chairman of the Board. According to Provision of the CG Code, the
roles of chairman and chief executive officer should be separate and should
not be performed by the same individual. The Board is of the opinion that,
with the Company now being at a stage of rapid development, the current
structure could improve the Company’s effectiveness and efficiency in
reaching its business goals. The Board also believes that this arrangement will
not be detrimental to the balance of power and authority between the
chairman and the chief executive officer, while a higher ratio of non-executive
Directors (including independent non-executive Directors) will enable the
Board to make unbiased judgments more effectively.
COMPLIANCE WITH THE MODEL CODE FOR
SECURITIES TRANSACTIONS BY DIRECTORS
The Company has adopted the Model Code for Securities Transactions by
Directors of Listed Issuers (the “Model Code”) set out in Appendix 10 to the
Listing Rules as its own code of conduct regarding the securities transactions
of the Directors.
The Company has made specific enquiry to all Directors, and all Directors
have confirmed that, during the Period, they had complied with the
requirements of the Model Code.
遵守企業管治守則
本集團致力維持高水準的企業管治，以保障
股東權益以及提升企業價值及問責性。本公
司於本期間已遵守香港聯合交易所有限公司
（「聯交所」）證券上市規則（「上市規則」）附錄十
四所載企業管治守則及企業管治報告（「企業
管治守則」）所載的所有適用守則條文，除下列
偏離情況者外：
執行董事魏強先生為行政總裁兼董事會主
席。根據企業管治守則第條規定，主席及
行政總裁的角色應有區分，並且不應由同一
名人士擔任。董事會認為，由於本公司現時處
於迅速發展的階段，故此目前的架構可令本
公司更有效率地達成其整體業務目標。董事
會亦相信，目前的安排將不會令主席及行政
總裁之間的權力及職權平衡受損，而非執行
董事（包括獨立非執行董事）比重較高可令董
事會整體更有效地作出無偏頗的判斷。
遵守董事進行證券交易的標
準守則
本公司已採納上市規則附錄十所載的上市發
行人董事進行證券交易的標準守則（「標準守
則」）作為其本身有關董事進行證券交易的操
守守則。
本公司已向全體董事作出特定查詢，且全體
董事已確認彼等於本期間已遵守標準守則的
規定。
17隆基泰和智慧能源控股有限公司 中期報告 2021
Corporate Governance and Other Information
企業管治及其他資料
中期業績的審閱
中期綜合財務資料未經審核但已經本公司外
部核數師審閱。
本公司審核委員會（「審核委員會」）連同管理
層已審閱本集團於本期間的未經審核中期綜
合財務資料。審核委員會認為，該等財務資
料已遵守適用會計準則以及聯交所及法律規
定，並已作出充分披露。審核委員會亦已審閱
本中期業績報告，並確認本中期業績報告為
完整及準確，並符合上市規則的規定。
中期股息
董事會不建議派發本期間的任何中期股息（截
至二零二零年六月三十日止六個月：無）。
購買、出售或贖回本公司上市
證券
於本期間，本公司或其任何附屬公司概無購
買、出售或贖回本公司任何上市證券。
REVIEW OF INTERIM RESULTS
The interim consolidated financial information is unaudited but has been
reviewed by the external auditor of the Company.
The audit committee of the Company (the “Audit Committee”), together with
the management, has reviewed the Group’s unaudited interim consolidated
financial information for the Period. The Audit Committee is of the opinion that
such financial information has complied with the applicable accounting
standards, and the Stock Exchange and legal requirements, and that
adequate disclosure has been made. The Audit Committee has also reviewed
this interim report and confirms that it is complete and accurate and complies
with the requirements of the Listing Rules.
INTERIM DIVIDEND
The Board did not recommend the payment of any interim dividend in respect
of the Period (for the six months ended 30 June 2020: Nil).
PURCHASE, SALE OR REDEMPTION OF THE
COMPANY’S LISTED SECURITIES
During the Period, neither the Company nor any of its subsidiaries had
purchased, sold or redeemed any of the Company’s listed securities.
18 LongiTech Smart Energy Holding Limited Interim Report 2021
Corporate Governance and Other Information
企業管治及其他資料
董事及主要行政人員於本公
司及相聯法團的股份、相關股
份及債券中擁有的權益及淡
倉
於二零二一年六月三十日，本公司董事、主要
行政人員及彼等之聯繫人士於本公司及其聯
繫法團（具有證券及期貨條例（「證券及期貨條
例」）第XV部所界定之涵義）之股份、相關股份
及債權證中須記入本公司根據證券及期貨條
例第352條存置之登記冊之權益；或根據上市
規則之標準守則須知會本公司及聯交所之權
益如下：
(i) 於本公司股份及相關股份的
權益
INTERESTS AND SHORT POSITIONS OF THE
DIRECTORS AND THE CHIEF EXECUTIVE IN
SHARES, UNDERLYING SHARES AND
DEBENTURES OF THE COMPANY AND
ASSOCIATED CORPORATIONS
As of 30 June 2021, the interests of the Directors, the chief executive and
their associates in the Shares, underlying Shares and debentures of the
Company and its associated corporations (within the meaning of Part XV of
the Securities and Futures Ordinance (the “SFO”)), as required to be recorded
in the register maintained by the Company pursuant to Section 352 of the
SFO, or as otherwise required to be notified to the Company and the Stock
Exchange pursuant to the Model Code in the Listing Rules, were as follows:
(i) Interests in the Shares and underlying Shares of
the Company
Name of Director Capacity/Nature of interest
Number of
Shares/underlying
Shares held
Approximate
percentage of
shareholding
董事姓名 身份╱權益性質
所持股份╱
相關股份數目 股權概約百分比
Mr. Wei Shaojun Founder of a discretionary trust (Note 1) 422,872,512 (L) %
魏少軍先生 一項酌情信託的成立人（附註1）
Interest of controlled corporations (Note 2) 547,662,121 (L) %
受控制法團權益（附註2）
Total 970,534,633 (L) %
合計
Mr. Wei Qiang Beneficiary of a discretionary trust (Note 3) 422,872,512 (L) %
魏強先生 一項酌情信託的受益人（附註3）
Mr. Han Xiaoping Beneficial owner (Note 4) 359,400 (L) %
韓曉平先生 實益擁有人（附註4）
Dr. Han Qinchun Beneficial owner (Note 5) 359,400 (L) %
韓秦春博士 實益擁有人（附註5）
Mr. Wong Yik Chung, John Beneficial owner (Note 6) 359,400 (L) %
黃翼忠先生 實益擁有人（附註6）
19隆基泰和智慧能源控股有限公司 中期報告 2021
Corporate Governance and Other Information
企業管治及其他資料
附註：
1. King River Developments Limited被 視 為
透 過 其 於Longevity Investment Holding
Limited的控制權於422,872,512股股份
中擁有權益，及Zedra Trustees (Singapore)
Limited （前稱「BNP Paribas Singapore Trust
Corporation Limited」）被視為透過其於
King River Developments Limited的控制權
於422,872,512股股份中擁有權益，而魏
少軍先生（作為酌情信託成立人）被視
為於422,872,512股股份中擁有權益。有
關詳情如下：
2. 該等547,662,121股股份，其中534,462,121
股由在開曼群島註冊成立之Lightway
Power Hold ings L imited實 益 擁 有。
Lightway Power Holdings Limited由在英
屬處女群島註冊成立並由魏少軍先生
直 接 全 資 擁 有 之Global Capital Alliance
Limited全 資 擁 有。 此 外，13,200,000
股股份由在英屬處女群島註冊成立並
由魏少軍先生直接全資擁有之Harvest
Oak Holdings Limited實 益 擁 有。 魏 少
軍先生被視為透過其所控制法團於
547,662,121股股份中擁有權益。
3. 魏強先生（作為酌情信託受益人）被視
為於422,872,512股股份中擁有權益。
4. 韓曉平先生於359,400股本公司購股權
中擁有權益。
5. 韓秦春博士於359,400股本公司購股權
中擁有權益。
6. 黃翼忠先生於359,400股本公司購股權
中擁有權益。
7. 字母「L」表示於股份之好倉。
Notes:
1. King River Developments Limited is deemed to be interested in
422,872,512 Shares through its control over Longevity Investment
Holding Limited and Zedra Trustees (Singapore) Limited (formerly known
as “BNP Paribas Singapore Trust Corporation Limited”) is deemed to be
interested in 422,872,512 Shares through its control over King River
Developments Limited, and Mr. Wei Shaojun is deemed to be interested
in 422,872,512 Shares as a founder of the discretionary trust. The details
of which are set out as follows:
Name of controlled corporation Name of controlling shareholder % of control Direct interest
Number of
Shares
受控制法團名稱 控股股東名稱 控股百分比 直接權益 股份數目
King River Developments Limited Zedra Trustees (Singapore) Limited N
否
422,872,512 (L)
Longevity Investment Holding Limited King River Developments Limited Y
是
422,872,512 (L)
2. Such 547,662,121 Shares, of which 534,462,121shares are beneficially
owned by Lightway Power Holdings Limited, which was incorporated in
the Cayman Islands. Lightway Power Holdings Limited was wholly-owned
by Global Capital Alliance Limited, which was incorporated in the British
Virgin Islands and is directly and wholly-owned by Mr. Wei Shaojun. In
addition, 13,200,000 Shares are beneficially owned by Harvest Oak
Holdings Limited, which was incorporated in the British Virgin Islands and
directly and wholly-owned by Mr. Wei Shaojun. Mr. Wei Shaojun is
deemed to be interested in 547,662,121 Shares through its controlled
corporations.
3. Mr. Wei Qiang is deemed to be interested in 422,872,512 Shares as a
beneficiary of the discretionary trust.
4. Mr. Han Xiaoping is interested in 359,400 share options of the Company.
5. Dr. Han Qinchun is interested in 359,400 share options of the Company.
6. Mr. Wong Yik Chung, John is interested in 359,400 share options of the
Company.
7. The letter “L” denotes the long position in Shares.
20 LongiTech Smart Energy Holding Limited Interim Report 2021
Corporate Governance and Other Information
企業管治及其他資料
(ii) 於相聯法團股份的權益
附註： 字母「L」表示於股份之好倉。
除上文所披露者及載於下文「購股權計
劃」一節中之購股權外，於二零二一年六
月三十日，董事或主要行政人員或彼等
之聯繫人士概無擁有本公司及其任何相
聯法團（具有證券及期貨條例第XV部所
界定之涵義）之任何股份、相關股份或債
權證之任何權益或淡倉，須於本公司根
據證券及期貨條例第352條存置之登記
冊內記錄，或須根據上市規則之標準守
則知會本公司及聯交所。
(ii) Interests in the Shares of Associated
Corporations
Name of Director Name of associated corporation
Capacity/
Nature of interest
Number of
Shares held
Approximate
percentage of
shareholding
董事姓名 相聯法團名稱 身份╱權益性質 所持股份數目 股權概約百分比
Mr. Wei Shaojun Longevity Investment Holding Limited Beneficial owner 1 (L) 100%
魏少軍先生 實益擁有人
Mr. Wei Shaojun Harvest Oak Holdings Limited Beneficial owner 1 (L) 100%
魏少軍先生 實益擁有人
Mr. Wei Shaojun Lightway Power Holdings Limited Beneficial owner 1 (L) 100%
魏少軍先生 實益擁有人
Note: The letter “L” denotes the long position in Shares.
Save as disclosed above and save for the share options as set out
under the section headed “Share Option Scheme” below, as at 30
June 2021, none of the Directors or the chief executive or their
associates had any interests or short positions in any Shares,
underlying Shares or debentures of the Company or any of its
associated corporations (within the meaning of Part XV of the SFO) as
required to be recorded in the register maintained by the Company
pursuant to Section 352 of the SFO, or as otherwise required to be
notified to the Company and the Stock Exchange pursuant to the
Model Code in the Listing Rules.
21隆基泰和智慧能源控股有限公司 中期報告 2021
Corporate Governance and Other Information
企業管治及其他資料
主要股東及其他人士於本公
司股份及相關股份中擁有的
權益及淡倉
於二零二一年六月三十日，就董事所知，下列
人士（非上文所披露董事或本公司主要行政人
員）於股份或相關股份中擁有或被視為擁有根
據證券及期貨條例第XV部第2及3分部條文須
向本公司及聯交所披露的權益或淡倉，或根
據證券及期貨條例第336條須存置的登記冊的
權益或淡倉︰
INTERESTS AND SHORT POSITIONS OF THE
SUBSTANTIAL SHAREHOLDERS AND OTHER
PERSONS IN SHARES AND UNDERLYING
SHARES OF THE COMPANY
As at 30 June 2021, so far as is known to the Directors, the following persons
(not being a Director or chief executive of the Company as disclosed above)
had or were deemed to have interests or short positions in Shares or
underlying Shares which would fall to be disclosed to the Company and the
Stock Exchange under the provisions of Divisions 2 and 3 of Part XV of the
SFO or, which were recorded in the register to be kept under section 336 of
the SFO:
Name of substantial shareholder Capacity/Nature of interest
Number of
Shares/
underlying
Shares held
Approximate
percentage of
shareholding
主要股東姓名 身份╱權益性質
所持股份╱
相關股份數目 股權概約百分比
Longevity Investment Holding Limited Beneficial owner (Note 1) 422,872,512 (L) %
實益擁有人（附註1）
King River Developments Limited Interest of controlled corporation (Note 1) 422,872,512 (L) %
受控制法團權益（附註1）
Zedra Trustees (Singapore) Limited Trustee (Note 1) 422,872,512 (L) %
受託人（附註1）
Lightway Power Holdings Limited Beneficial owner (Note 2) 534,462,121 (L) %
實益擁有人（附註2）
Global Capital Alliance Limited Interest of controlled corporation (Note 2) 534,462,121 (L) %
受控制法團權益（附註2）
22 LongiTech Smart Energy Holding Limited Interim Report 2021
Corporate Governance and Other Information
企業管治及其他資料
附註：
1. King River Developments Limited被 視 為 透 過
其 於Longevity Investment Holding Limited的 控
制權於422,872,512股股份中擁有權益，及
Zedra Trustees (Singapore) Limited被 視 為 透 過
其 於King River Developments Limited的 控 制
權於422,872,512股股份中擁有權益，而魏
少軍先生（作為酌情信託成立人）被視為於
422,872,512股股份中擁有權益。
2. 該等534,462,121股股份由在開曼群島註冊成
立之Lightway Power Holdings Limited實益擁有。
Lightway Power Holdings Limited由在英屬處女
群島註冊成立並由魏少軍先生直接全資擁有
之Global Capital Alliance Limited全資擁有。
3. 字母「L」表示於股份之好倉。
除上文所披露者外，於二零二一年六月三十
日，本公司並無獲悉有任何人士（本公司董事
或主要行政人員除外）於股份或相關股份中擁
有或被視為擁有根據證券及期貨條例第XV部
第2及3分部條文須向本公司披露的權益或淡
倉，或根據證券及期貨條例第336條規定須登
記於該條例所述登記冊的權益或淡倉。
購股權計劃
本公司於二零一一年十一月二十二日採納一
項購股權計劃（「購股權計劃」）。於二零一八年
六月十二日更新購股權計劃的計劃授權限額
至該日本公司已發行股份總數的10%。
Notes:
1. King River Developments Limited is deemed to be interested in 422,872,512
Shares through its control over Longevity Investment Holding Limited and Zedra
Trustees (Singapore) Limited is deemed to be interested in 422,872,512 Shares
through its control over King River Developments Limited, and Mr. Wei Shaojun
is deemed to be interested in 422,872,512 Shares as a founder of the
discretionary trust.
2. Such 534,462,121 Shares are beneficially owned by Lightway Power Holdings
Limited, which was incorporated in the Cayman Islands. Lightway Power
Holdings Limited was wholly-owned by Global Capital Alliance Limited, which
was incorporated in the British Virgin Islands and is directly and wholly-owned by
Mr. Wei Shaojun.
3. The letter “L” denotes the long position in Shares.
Save as disclosed above, as at 30 June 2021, the Company was not aware
of any persons (other than Directors or chief executive of the Company) who
had, or were deemed to have, interests or short positions in the Shares or
underlying Shares which would fall to be disclosed to the Company under the
provisions of Divisions 2 and 3 of Part XV of the SFO or which would be
required, pursuant to section 336 of the SFO, to be entered in the register
referred to therein.
SHARE OPTION SCHEME
The Company adopted a share option scheme (the “Share Option Scheme”)
on 22 November 2011 and refreshed the scheme mandate limit of the Share
Option Scheme to 10% of the aggregate number of the Shares of the
Company in issue as at 12 June 2018.
23隆基泰和智慧能源控股有限公司 中期報告 2021
Corporate Governance and Other Information
企業管治及其他資料
截至二零二一年六月三十日止六個月，購股
權計劃項下之購股權的變動詳情如下：
Details of movements in the share options under the Share Option Scheme
during the six months ended 30 June 2021 are as follow:
Number of Share Options
購股權數目
Name and category
of participants Date of grant Exercise period
Closing price
preceding date
of grant
(HK$ per
share)
Exercise
price
(HK$ per
Share)
Adjusted
exercise
price
(HK$ per
Share)
(Note 1)
As at
1 January
2021
Granted
during the
Period
Exercised
during the
Period
Cancelled
during the
Period
Lapsed
during the
Period
As at
30 June
2021
參與者姓名及類別 授出日期 行使期間
授出日期前的
收市價
（每股港元）
行使價
（每股港元）
經調整
行使價
（每股港元）
（附註1）
於
二零二一年
一月一日 期內授出 期內行使 期內註銷 期內失效
於
二零二一年
六月三十日
Directors 董事
Dr. Liu Zhengang 19 January 2017 19 January 2018 to 21 November 2021
(Note 2)
399,333 — — — (399,333) —
劉振剛博士 二零一七年
一月十九日
二零一八年一月十九日至
二零二一年十一月二十一日
（附註2）
14 September 2018 1 April 2019 to 31 March 2026 (Note 2) 2 2 N/A 1,600,000 — — — (1,600,000) —
二零一八年
九月十四日
二零一九年四月一日至
二零二六年三月三十一日
（附註2）
不適用
Dr. Han Qinchun 26 January 2018 26 January 2018 to 25 January 2028 359,400 — — — — 359,400
韓秦春博士 二零一八年
一月二十六日
二零一八年一月二十六日至
二零二八年一月二十五日
Mr. Wong Yik
Chung, John
26 January 2018 26 January 2018 to 25 January 2028 359,400 — — — — 359,400
黃翼忠先生 二零一八年
一月二十六日
二零一八年一月二十六日至
二零二八年一月二十五日
Mr. Han Xiaoping 26 January 2018 26 January 2018 to 25 January 2028 359,400 — — — — 359,400
韓曉平先生 二零一八年
一月二十六日
二零一八年一月二十六日至
二零二八年一月二十五日
Subtotal 3,077,533 — — — (1,999,333) 1,078,200
小計
Other eligible person 26 January 2018 26 January 2019 to 25 January 2028
(Note 2)
8,807,197 — — — (8,807,197) —
其他合資格人士 二零一八年
一月二十六日
二零一九年一月二十六日至
二零二八年一月二十五日
（附註2）
11 May 2018 1 February 2019 to 10 May 2028 N/A 780,000 — — — (780,000) —
二零一八年
五月十一日
二零一九年二月一日至
二零二八年五月十日
不適用
14 September 2018 1 April 2019 to 31 March 2026 (Note 2) 2 2 N/A 14,160,000 — — — (14,160,000) —
二零一八年
九月十四日
二零一九年四月一日至
二零二六年三月三十一日
（附註2）
不適用
Subtotal 23,747,197 — — — (23,747,197) —
小計
Total 26,824,730 — — — (25,746,530) 1,078,200
總計
24 LongiTech Smart Energy Holding Limited Interim Report 2021
Corporate Governance and Other Information
企業管治及其他資料
附註：
1. 根據購股權計劃的條款，由於本公司進行供
股，行使價及可根據尚未行使購股權認購之
股份數目須作出調整，自二零一八年三月二
十二日起生效。分別於二零一七年一月十九
日及二零一八年一月二十六日所授出的購股
權之行使價獲調整為每股港元及每股
港元。有關詳情可參閱本公司日期為二
零一八年三月二十一日的公告。
2. 該等授出之購股權將於3年期間分三批歸屬。
購股權的歸屬乃以達成有關本集團的若干表
現為目標，包括但不限於本集團的財務表現
以及承授人的個人表現。
購股權計劃之主要條款概述如下：
本公司於二零一一年十一月二十二日採納購
股權計劃。購股權計劃旨在吸引及挽留合資
格人士，向彼等提供額外獎勵以及推動本集
團業務創出佳績。
董事會獲授權全權酌情根據購股權計劃的條
款，向（其中包括）本集團任何僱員（全職及兼
職）、董事、諮詢人、顧問、分銷商、承包商、
供應商、代理、客戶、商業夥伴或服務供貨商
授出購股權，以供認購股份。
根據購股權計劃可予授出之購股權所涉及之
股份數目上限，合共不得超出於上市日期本
公司已發行股份數目的10%。於二零一八年
六月十二日，本公司已更新購股權計劃的計
劃授權限額至該日本公司已發行股份總數的
10%，即合共137,842,200股股份，佔本公司於
本報告日期已發行股份數目的%。
截至授出日期止任何12個月期間，任何承授
人因行使根據購股權計劃獲授予的購股權（包
括已行使及尚未行使的購股權）而獲發行及將
獲發行的股份總數，不得超過已發行股份的
1%。
購股權可於董事會可能釐定的期間內隨時根
據購股權計劃的條款行使，惟有關期間不得
超過由授出日期起計十年，並受有關提前終
止條文所規限。
Notes:
1. Pursuant to the terms of the Share Option Scheme, adjustments are required for
the exercise price and the number of Shares available for subscription under the
outstanding share options as a result of the Company’s rights issue, with effect
from 22 March 2018. The exercise prices of the share options granted on 19
January 2017 and 26 January 2018 were adjusted to HK$ per Share and
HK$ per Share, respectively. For details, please refer to the
announcement of the Company dated 21 March 2018.
2. These share options granted will be subject to vesting in three tranches within
three years. The vesting of share options is based on the fulfilment of certain
performances targets of the Group, including but not limited to the financial
performance of the Group as well as the grantee’s individual performance.
The principal terms of the Share Option Scheme are summarized below:
The Company adopted the Share Option Scheme on 22 November 2011.
The purpose of the Share Option Scheme is to attract and retain the eligible
persons, to provide additional incentive to them and to promote the success
of the business of the Group.
The Board is authorised, at their absolute discretion and subject to the terms
of the Share Option Scheme, to grant options to subscribe the Shares to,
inter alia, any employees (full-time and part-time), Directors, consultants,
advisors, distributors, contractors, suppliers, agents, customers, business
partners or service providers of the Group.
The maximum number of Shares in respect of which options may be granted
under the Share Option Scheme shall not in aggregate exceed 10% of the
number of the issued Shares of the Company as at the Listing Date. On 12
June 2018, the Company had refreshed the scheme mandate limit of the
Share Option Scheme to 10% of the aggregate number of the Shares of the
Company in issue as at that date, . a total of 137,842,200 Shares,
representing % of the number of the Shares of the Company in issue as
at the date of this report.
The total number of Shares issued and to be issued upon exercise of options
granted to any grantee (including both exercised and outstanding options)
under the Share Option Scheme in any 12-month period up to the date of
grant shall not exceed 1% of the Shares in issue.
An option may be exercised in accordance with the terms of the Share Option
Scheme at any time during a period as the Board may determine, which shall
not exceed ten years from the date of grant subject to the provisions of early
termination thereof.
25隆基泰和智慧能源控股有限公司 中期報告 2021
Corporate Governance and Other Information
企業管治及其他資料
董事會可全權酌情設定行使購股權前必須持
有購股權的最短期限及須達成的表現目標。
授出購股權的要約限於發出有關要約日期（包
括當日）起七日內接納。購股權的承授人須
於接納要約時就獲授的購股權向本公司支付
港元。
根據購股權計劃授出的任何特定購股權所涉
及之股份的認購價由董事會全權釐定並通知
參與者，且不得低於以下之最高者：(i)於購股
權授出日期聯交所每日報價表所示的股份收
市價；(ii)緊接購股權授出日期前5個營業日聯
交所每日報價表所示的股份平均收市價；及
(iii)股份於購股權授出日期的面值。
購股權計劃已於上市日期成為無條件，並於
二零一一年十一月二十二日起計十年期間有
效及生效，惟可根據購股權計劃所載的條文
提前終止。於二零二一年六月三十日，購股權
計劃的餘下期限約為五個月。
本公司將有權發行購股權，惟行使根據購股
權計劃授出的所有購股權時可能發行的股份
總數不得超過上市日期已發行股份的10%。本
公司可於任何時間更新有關上限，惟須於取
得股東批准並遵照上市規則刊發通函後，方
可作實，而行使根據本公司所有購股權計劃
授出的所有尚未行使及有待行使的購股權時
可能發行的股份總數不得超過當時已發行股
份的30%。
於本期內，授予董事及其他合資格人士的購
股權相關開支確認為行政開支零港元（相當
於人民幣零元）（二零二零年同期：693,000港
元，相當於人民幣633,000元）。
The Board may in its absolute discretion set a minimum period for which an
option must be held and performance targets that must be achieved before
an option can be exercised.
An offer for the grant of options must be accepted within seven days inclusive
of the day on which such offer was made. The amount payable by the
grantee of an option to the Company on acceptance of the offer for the grant
of an option is HK$.
The subscription price of a Share in respect of any particular option granted
under the Share Option Scheme shall be a price solely determined by the
Board and notified to a participant and shall be at least the highest of: (i) the
closing price of the Shares as stated in the Stock Exchange’s daily quotations
sheet on the date of grant of the option; (ii) the average closing price of the
Shares as stated in the Stock Exchange’s daily quotations sheets for the five
business days immediately preceding the date of grant of the option; and (iii)
the nominal value of a Share on the date of grant of the option.
The Share Option Scheme became unconditional at the Listing Date and shall
be valid and effective for a period of ten years commencing on 22 November
2011, subject to the early termination provisions contained in the Share
Option Scheme. As at 30 June 2021, the remaining life of the Share Option
Scheme is approximately five months.
The Company shall be entitled to issue options, provided that the total
number of Shares which may be issued upon exercise of all options granted
under the Share Option Scheme does not exceed 10% of the Shares in issue
at the Listing Date. The Company may at any time refresh such limit, subject
to the Shareholders’ approval and issue of a circular in compliance with the
Listing Rules, provided that the total number of Shares which may be issued
upon exercise of all options granted under all the share option schemes of the
Company outstanding and yet to be exercised does not exceed 30% of the
Shares in issue at the time.
During the Period, the expense arising from share options granted to the
Directors and other eligible persons recognised as administrative expense
was HK$ nil (equivalent to RMB nil) (the same period of 2020: HK$693,000,
equivalent to RMB633,000).
26 LongiTech Smart Energy Holding Limited Interim Report 2021
Corporate Governance and Other Information
企業管治及其他資料
董事資料變動
根據上市規則第(1)條，董事資料之變動
如下：
1. 於二零二一年一月二十九日，劉振剛博
士辭任本公司之執行董事職務；
2. 於二零二一年五月二十八日，韓秦春博
士辭任靈寶黃金集團股份有限公司之獨
立非執行董事職務，該公司的股份（股份
代號：3330）於聯交所上市；
3. 於二零二一年六月二十四日，韓曉平先
生辭任北京京能清潔能源電力股份有限
公司之獨立非執行董事職務，該公司的
股份（股份代號：579）於聯交所上市。
除上文所披露者外，於本期間及截至本報告
日期，董事根據上市規則第(2)條 (a)至 (e)
及 (g)段規定須披露且已披露的資料並無任何
變動。
CHANGES TO INFORMATION IN RESPECT OF
DIRECTORS
The following are changes to information of the Directors pursuant to Rule
(1) of the Listing Rules:
1. On 29 January 2021, Dr. Liu Zhengang has resigned as an executive
Director of the Company;
2. On 28 May 2021, Dr. Han Qinchun has resigned as an independent
non-executive director of Lingbao Gold Company Ltd., the shares of
which (stock code: 3330) are listed on the Stock Exchange;
3. On 24 June 2021, Mr. Han Xiaoping has resigned as an independent
non-executive director of Beijing Jingneng Clean Energy Co., Limited,
the shares of which (stock code: 579) are listed on the Stock Exchange.
Save as disclosed above, during the Period and as at the date of this report,
there is no change to information which is required to be disclosed and has
been disclosed by the Directors pursuant to paragraphs (a) to (e) and (g) of
Rule (2) of the Listing Rules.
27隆基泰和智慧能源控股有限公司 中期報告 2021
Report on Review of Interim Condensed Consolidated
Financial Information
中期簡明綜合財務資料審閱報告
To the Board of Directors of Longitech Smart Energy Holding Limited
(incorporated in the Cayman Islands with limited liability)
INTRODUCTION
We have reviewed the interim condensed consolidated financial information
set out on pages 29 to 84 which comprise the condensed consolidated
statement of financial position of LongiTech Smart Energy Holding Limited
and its subsidiaries (collectively referred to as the “Group”) as of 30 June
2021 and the related condensed consolidated statement of profit or loss,
condensed consolidated statement of comprehensive income, condensed
consolidated statement of changes in equity and condensed consolidated
statement of cash flows for the six-month period then ended, and a summary
of significant accounting policies and other explanatory notes (the “interim
condensed consolidated financial information”).
The Rules Governing the Listing of Securities on The Stock Exchange of
Hong Kong Limited require the preparation of a report on interim financial
information to be in compliance with the relevant provisions thereof and
International Accounting Standard 34 “Interim Financial Reporting” (“IAS 34”)
issued by the International Accounting Standards Board (“IASB”). The
directors are responsible for the preparation and presentation of these interim
condensed consolidated financial information in accordance with IAS 34. Our
responsibility is to express a conclusion on the interim condensed
consolidated financial information based on our review. This report is made
solely to you, as a body, in accordance with our agreed terms of engagement,
and for no other purpose. We do not assume responsibility towards or accept
liability to any other person for the contents of this report.
致隆基泰和智慧能源控股有限公司董事會
（於開曼群島註冊成立的有限公司）
引言
我們已審閱列載於第29頁至第84頁的中期簡
明綜合財務資料。此中期簡明綜合財務報表
包括隆基泰和智慧能源控股有限公司及其附
屬公司（「統稱「貴集團」）於二零二一年六月三
十日的簡明綜合財務狀況表與截至該日止六
個月期間的相關簡明綜合損益表、簡明綜合
全面收益表、簡明綜合權益變動表和簡明綜
合現金流量表，以及主要會計政策概要及其
他附註解釋（「中期簡明綜合財務資料」）。
根據《香港聯合交易所有限公司證券上市規
則》，上市公司必須符合上市規則中的相關規
定，其中包括依照國際會計準則理事會（「國
際會計準則理事會」）頒佈的《國際會計準則》
第34號「中期財務報告」（「國際會計準則第34
號」）的規定編製中期財務資料。董事須負責
根據國際會計準則第34號的規定編製及列報
中期簡明綜合財務資料。我們的責任是根據
我們的審閱對中期簡明綜合財務資料發表結
論，並按照我們雙方所協定的應聘條款，僅向
全體董事會報告。除此以外，本報告書不可用
作其他用途。我們概不就本報告書的內容，對
任何其他人士負責或承擔法律責任。
28 LongiTech Smart Energy Holding Limited Interim Report 2021
Report on Review of Interim Condensed Consolidated Financial Information
中期簡明綜合財務資料審閱報告
審閱範圍
我們已根據《國際審閱工作準則》第2410號「獨
立核數師對中期財務資料的審閱」（「國際審閱
工作準則第2410號」）進行審閱。中期財務資
料審閱工作包括向主要負責財務和會計事項
的人員作出查詢，並採用分析和其他審閱程
序。由於審閱的範圍遠較按照《國際審計準則》
進行的審計範圍為小，所以不能保證我們會
注意到在審計中可能會被發現的所有重大事
項。因此我們不會發表審計意見。
結論
根據我們的審閱工作，我們並沒有注意到任
何事項，使我們相信中期簡明綜合財務資料
在所有重大方面沒有按照國際會計準則第34
號編製。
其他事宜
截至二零二零年六月三十日止六個月期間的
簡明綜合損益表、簡明全面收益表、簡明綜合
權益變動表及簡明綜合現金流量表的比較數
字及相關附註解釋並未根據國際審閱工作準
則第2410號審閱，亦未經審核。
香港立信德豪會計師事務所有限公司
執業會計師
陳永輝
執業證書編號P05443
香港，二零二一年八月二十七日
SCOPE OF REVIEW
We conducted our review in accordance with International Standard on
Review Engagements 2410, “Review of Interim Financial Information
Performed by the Independent Auditor of the Entity” (“ISRE 2410”). A review
of the interim financial information consists of making inquiries, primarily of
persons responsible for financial and accounting matters, and applying
analytical and other review procedures. A review is substantially less in scope
than an audit conducted in accordance with International Standards on
Auditing and consequently does not enable us to obtain assurance that we
would become aware of all significant matters that might be identified in an
audit. Accordingly, we do not express an audit opinion.
CONCLUSION
Based on our review, nothing has come to our attention that causes us to
believe that the interim condensed consolidated financial information are not
prepared, in all material respects, in accordance with IAS 34.
OTHER MATTER
The comparatives in the condensed consolidated statement of profit or loss,
condensed statement of comprehensive income, condensed consolidated
statement of changes in equity and the condensed consolidated statement of
cash flows for the six-month period ended 30 June 2020, and the related
explanatory notes have not been reviewed in accordance with ISRE 2410 or
audited.
BDO Limited
Certified Public Accountants
Chan Wing Fai
Practising Certificate no. P05443
Hong Kong, 27 August 2021
29隆基泰和智慧能源控股有限公司 中期報告 2021
Interim Condensed Consolidated Statement of
Profit or Loss
中期簡明綜合損益表
For the six months ended 30 June 2021 截至二零二一年六月三十日止六個月
Six months ended 30 June
截至六月三十日止六個月
2021 2020
二零二一年 二零二零年
Notes RMB’000 RMB’000
附註 人民幣千元 人民幣千元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Revenue 收益 6 225,480 54,692
Cost of sales 銷售成本 (174,407) (32,351)
Gross profit 毛利 51,073 22,341
Selling and distribution expenses 銷售及分銷開支 (12,614) (16)
Administrative expenses 行政開支 (27,257) (20,198)
Impairment losses on financial assets 金融資產減值虧損 7 (27) (4,979)
Impairment losses on property,
plant and equipment
物業、廠房及設備減值虧損
(31,132) (5,474)
Impairment losses on right-of-use assets 使用權資產減值虧損 (679) —
Impairment losses on goodwill 商譽減值虧損 (366) (138)
Impairment losses on other intangible assets 其他無形資產減值虧損 (113) —
Other income 其他收入 63 370
Other gains — net 其他收益淨額 8 10,591 385
Operating loss 經營虧損 (10,461) (7,709)
Finance income 融資收入 9 5,772 2,330
Finance expenses 融資開支 9 (6,819) (13,479)
Finance expenses — net 融資開支淨額 (1,047) (11,149)
Share of net profit/(loss) of associates
accounted for using the equity method
採用權益法入賬的聯營公司的
純利╱（純虧）份額 17 2,997 (14,189)
Loss before income tax 除所得稅前虧損 (8,511) (33,047)
Income tax (expense)/credit 所得稅（開支）╱收益 10 (707) 650
Loss for the period 期內虧損 (9,218) (32,397)
30 LongiTech Smart Energy Holding Limited Interim Report 2021
Interim Condensed Consolidated Statement of Profit or Loss
中期簡明綜合損益表
For the six months ended 30 June 2021 截至二零二一年六月三十日止六個月
Six months ended 30 June
截至六月三十日止六個月
2021 2020
二零二一年 二零二零年
Notes RMB’000 RMB’000
附註 人民幣千元 人民幣千元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Loss is attributable to: 以下應佔虧損：
Owners of the Company 本公司擁有人 (8,888) (31,046)
Non-controlling interests 非控股權益 (330) (1,351)
(9,218) (32,297)
Loss per share for loss attributable to
owners of the Company (RMB)
本公司擁有人應佔虧損的
每股虧損（人民幣）
Basic loss per share 每股基本虧損 11 () ()
Diluted loss per share 每股攤薄虧損 11 () ()
The above interim condensed consolidated statement of profit or loss should
be read in conjunction with the accompanying notes.
以上中期簡明綜合全面收益表應與隨附的附
註一併閱讀。
31隆基泰和智慧能源控股有限公司 中期報告 2021
Interim Condensed Consolidated Statement of
Comprehensive Income
中期簡明綜合全面收益表
For the six months ended 30 June 2021 截至二零二一年六月三十日止六個月
Six months ended 30 June
截至六月三十日止六個月
2021 2020
二零二一年 二零二零年
RMB’000 RMB’000
人民幣千元 人民幣千元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Loss for the period 期內虧損 (9,218) (32,397)
Other comprehensive income 其他全面收入
Items that may be reclassified subsequently to
profit or loss
隨後可能重新分類至損益的項目
Exchange differences on translation of
financial statements of overseas operations
換算海外業務財務報表所產生的
匯兌差額 555 3,112
Other comprehensive income for the period,
net of tax
期內其他全面收入，經扣除稅項
555 3,112
Total comprehensive loss for the period 期內全面虧損總額 (8,663) (29,285)
Total comprehensive loss for the period is
attributable to:
以下應佔期內全面虧損總額：
Owners of the Company 本公司擁有人 (8,333) (27,934)
Non-controlling interests 非控股權益 (330) (1,351)
(8,663) (29,285)
The above interim condensed consolidated statement of comprehensive
income should be read in conjunction with the accompanying notes.
以上中期簡明綜合全面收益表應與隨附的附
註一併閱讀。
32 LongiTech Smart Energy Holding Limited Interim Report 2021
Interim Condensed Consolidated Statement of
Financial Position
中期簡明綜合財務狀況表
As at 30 June 2021 於二零二一年六月三十日
As at
30 June
2021
As at
31 December
2020
於二零二一年
六月三十日
於二零二零年
十二月三十一日
Notes RMB’000 RMB’000
附註 人民幣千元 人民幣千元
(Unaudited) (Audited)
（未經審核） （經審核）
Assets 資產
Non-current assets 非流動資產
Property, plant and equipment 物業、廠房及設備 12 394,594 442,794
Right-of-use assets 使用權資產 13 15,600 16,143
Intangible assets 無形資產 14 5,462 6,789
Deferred tax assets 遞延稅項資產 15 71,577 71,692
Investments accounted for using
the equity method
採用權益法入賬的投資
17 266,394 263,397
Other non-current assets 其他非流動資產 19 9,937 9,605
Total non-current assets 非流動資產總額 763,564 810,420
Current assets 流動資產
Inventories 存貨 20 86,000 28,991
Contract assets 合約資產 16 212,872 181,263
Trade and other receivables 貿易及其他應收款項 21 246,111 258,199
Financial assets at amortised cost 按攤銷成本計量的金融資產 18 55,822 72,861
Financial assets at fair value through
profit or loss
按公平值計量且其變動計入
損益的金融資產 22 56,433 47,061
Restricted cash 受限制現金 23 6,692 139
Cash and cash equivalents 現金及現金等價物 24 167,990 155,446
Total current assets 流動資產總額 831,920 743,960
Total assets 資產總額 1,595,484 1,554,380
Equity and liabilities 權益及負債
Share capital 股本 25 12,255 12,255
Reserves 儲備 1,145,254 1,143,917
Retained earnings 保留盈餘 29,088 38,758
Equity attributable to owners of
the Company
本公司擁有人應佔權益
1,186,597 1,194,930
Non-controlling interests 非控股權益 6,619 6,986
Total equity 權益總額 1,193,216 1,201,916
33隆基泰和智慧能源控股有限公司 中期報告 2021
Interim Condensed Consolidated Statement of Financial Position
中期簡明綜合財務狀況表
As at 30 June 2021 於二零二一年六月三十日
As at
30 June
2021
As at
31 December
2020
於二零二一年
六月三十日
於二零二零年
十二月三十一日
Notes RMB’000 RMB’000
附註 人民幣千元 人民幣千元
(Unaudited) (Audited)
（未經審核） （經審核）
Liabilities 負債
Non-current liabilities 非流動負債
Borrowings 借貸 26 198,650 211,000
Lease liabilities 租賃負債 13 12,050 9,213
Deferred government grants 遞延政府補貼 2,119 2,173
Deferred tax liabilities 遞延稅項負債 15 11,172 11,490
Total non-current liabilities 非流動負債總額 223,991 233,876
Current liabilities 流動負債
Trade and other payables 貿易及其他應付款項 27 109,428 68,919
Contract liabilities 合約負債 37,607 11,939
Current tax liabilities 即期稅項負債 5,167 10,604
Borrowings 借貸 26 24,550 24,400
Lease liabilities 租賃負債 13 1,525 2,726
Total current liabilities 流動負債總額 178,277 118,588
Total liabilities 負債總額 402,268 352,464
Total equity and liabilities 權益及負債總額 1,595,484 1,554,380
The above interim condensed consolidated statement of financial position
should be read in conjunction with the accompanying notes.
以上中期簡明綜合財務狀況表應與隨附的附
註一併閱讀。
34 LongiTech Smart Energy Holding Limited Interim Report 2021
Interim Condensed Consolidated Statement of
Changes in Equity
中期簡明綜合權益變動表
For the six months ended 30 June 2021 截至二零二一年六月三十日止六個月
Attributable to owners of the Company
本公司擁有人應佔
Share
capital
Share
premium
Statutory
reserve
Share-based
compensation
reserve
Exchange
reserve
Other
reserve
Retained
earnings Total
Non-
controlling
interests Total equity
股本 股份溢價 法定儲備
以股份支付的
報酬儲備 匯兌儲備 其他儲備 保留盈餘 總計 非控股權益 權益總額
RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000
人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元
At 1 January 2021 於二零二一年一月一日 12,255 1,090,355 40,577 1,928 6,870 4,187 38,758 1,194,930 6,986 1,201,916
Comprehensive loss
for the period
期內全面虧損
Loss for the period 期內虧損 — — — — — — (8,888) (8,888) (330) (9,218)
Other comprehensive income 其他全面收入 — — — — 555 — — 555 — 555
Total comprehensive loss
for the period
期內全面虧損總額
— — — — 555 — (8,888) (8,333) (330) (8,663)
Transaction with owners in
their capacity as owners
與擁有人以其擁有人的
身份進行的交易
Appropriation to statutory
reserves
撥至法定儲備
— — 2,194 — — — (2,194) — — —
Lapse of share options 購股權失效 — — — (1,412) — — 1,412 — — —
Disposal of subsidiaries 出售附屬公司 — — — — — — — — (37) (37)
Balance at 30 June 2021
(unaudited)
於二零二一年
六月三十日的結餘
（未經審核） 12,255 1,090,355 42,771 516 7,425 4,187 29,088 1,186,597 6,619 1,193,216
35隆基泰和智慧能源控股有限公司 中期報告 2021
Interim Condensed Consolidated Statement of Changes in Equity
中期簡明綜合權益變動表
For the six months ended 30 June 2021 截至二零二一年六月三十日止六個月
Attributable to owners of the Company
本公司擁有人應佔
Share capital
Share
premium
Statutory
reserve
Share-based
compensation
reserve
Exchange
reserve Other reserve
Retained
earnings Total
Non-
controlling
interests Total equity
股本 股份溢價 法定儲備
以股份支付的
報酬儲備 匯兌儲備 其他儲備 保留盈餘 總計 非控股權益 權益總額
RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000
人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元
At 1 January 2020 於二零二零年一月一日 12,255 1,090,355 37,353 14,807 15,911 4,187 40,918 1,215,786 9,307 1,225,093
Comprehensive loss
for the period
期內全面虧損
Loss for the period 期內虧損 — — — — — — (31,046) (31,046) (1,351) (32,397)
Other comprehensive income 其他全面收入 — — — — 3,112 — — 3,112 — 3,112
Total comprehensive loss
for the period
期內全面虧損總額
— — — — 3,112 — (31,046) (27,934) (1,351) (29,285)
Transaction with owners in
their capacity as owners
與擁有人以其擁有人的
身份進行的交易
Equity-settled share-based
transactions (Note 25)
按權益結算以股份支付
的交易（附註25） — — — 633 — — — 633 — 633
Balance at 30 June 2020
(unaudited)
於二零二零年
六月三十日的結餘
（未經審核） 12,255 1,090,355 37,353 15,440 19,023 4,187 9,872 1,188,485 7,956 1,196,441
The above interim condensed consolidated statement of changes in equity
should be read in conjunction with the accompanying notes.
以上中期簡明綜合權益變動表應與隨附的附
註一併閱讀。
36 LongiTech Smart Energy Holding Limited Interim Report 2021
Interim Condensed Consolidated Statement of Cash Flows
中期簡明綜合現金流量表
For the six months ended 30 June 2021 截至二零二一年六月三十日止六個月
Six months ended 30 June
截至六月三十日止六個月
2021 2020
二零二一年 二零二零年
RMB’000 RMB’000
人民幣千元 人民幣千元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Cash flows from operating activities 經營活動所得現金流量
Cash generated from operations 經營所得現金 11,877 342,003
Interest received 收取利息 180 618
Income tax paid 支付所得稅 (6,347) (529)
Net cash generated from operating activities 經營活動所得現金淨額 5,710 342,092
Cash flows from investing activities 投資活動所得現金流量
Payments for property, plant and equipment and
intangible assets
就物業、廠房及設備及無形資產
支付款項 (35) (861)
Loans to related parties 貸款予關聯方 — (3,960)
Loans to third parties 貸款予第三方 — (2,980)
Proceeds from disposal of property, plant and
equipment
出售物業、廠房及設備所得款項
— 87
Proceeds from redemption of financial assets at
fair value through profit or loss
贖回按公平值計量且其變動計入
損益的金融資產所得款項 83 2,697
Proceed from disposal of subsidiaries 出售附屬公司所得款項 4,874 —
Repayment of loans by related parties 關聯方償還貸款 6,051 27,897
Repayment of loans by third parties 第三方償還貸款 11,555 10,500
Repayment of advance to related parties 償還關聯方的墊款 4,737 —
Interest received on financial assets at
amortised cost
收取按攤銷成本計量的金融資產
利息 5,592 3,701
Increase in restricted cash 受限制現金增加 (6,553) (68,914)
Net cash generated from/(used in) investing
activities
投資活動所得╱（所用）現金淨額
26,304 (31,833)
Cash flows from financing activities 融資活動所得現金流量
Repayment of borrowings 償還借貸 (12,200) (287,000)
Interest paid 支付利息 (6,819) (13,428)
Principal elements of lease payments 租賃付款本金部分 (1,099) (1,281)
Net cash used in financing activities 融資活動所用現金淨額 (20,118) (301,709)
Net increase in cash and cash equivalents 現金及現金等價物增加淨額 11,896 8,550
Cash and cash equivalents at the beginning of period 於期初的現金及現金等價物 155,446 32,228
Exchange gains on cash and cash equivalents 現金及現金等價物匯兌收益 648 7
Cash and cash equivalents at the end of period 於期末的現金及現金等價物 167,990 40,785
The above interim condensed consolidated statement of cash flows should
be read in conjunction with the accompanying notes.
以上中期簡明綜合現金流量表應與隨附的附
註一併閱讀。
37隆基泰和智慧能源控股有限公司 中期報告 2021
Notes to the Unaudited Interim Condensed Consolidated
Financial Information
未經審核中期簡明綜合財務資料附註
1. GENERAL INFORMATION
LongiTech Smart Energy Holding Limited (the “Company”) was
incorporated in the Cayman Islands on 4 January 2011 as an exempted
company with limited liability under the Companies Law, Chapter 22 (Law
3 of 1961, as consolidated and revised) of the Cayman Islands. The
address of its registered office is Windward 3, Regatta Office Park, PO
Box 1350, Grand Cayman KY1-1108, the Cayman Islands. The
Company’s shares were listed on the Main Board of The Stock
Exchange of Hong Kong Limited on 12 January 2012.
The Company and its subsidiaries (together, the “Group”) are principally
engaged in smart energy business and public infrastructure
construction business. The two major shareholders of the Company
are Longevity Investment Holding Limited and Lightway Power Holdings
Limited. The ultimate beneficial owner of the Company is Mr. Wei
Shaojun (the “controlling shareholder”).
2. BASIS OF PREPARATIONS
This interim condensed consolidated financial information for the six
months ended 30 June 2021 has been prepared in accordance with
International Accounting Standard (“IAS”) 34 “Interim Financial
Reporting”.
The interim condensed consolidated financial information does not
include all the notes of the type normally included in an annual financial
report. Accordingly, this interim condensed consolidated financial
information is to be read in conjunction with the annual report for the
year ended 31 December 2020, which has been prepared in
accordance with International Financial Reporting Standards (“IFRSs”),
and any public announcements made by the Company during the
interim reporting period.
3. ACCOUNTING POLICIES
The accounting policies adopted are consistent with those of the year
ended 31 December 2020 and corresponding interim reporting period.
1. 一般資料
隆基泰和智慧能源控股有限公司（「本公
司」）於二零一一年一月四日根據開曼群
島公司法（第22章）（一九六一年第3號
法例，經綜合及修訂）在開曼群島註冊
成立為獲豁免有限公司。註冊辦事處地
址 為Windward 3, Regatta Office Park, PO
Box 1350, Grand Cayman KY1-1108, the
Cayman Islands。本公司股份於二零一二
年一月十二日在香港聯合交易所有限公
司主板上市。
本公司及其附屬公司（合稱「本集團」）
主要從事智慧能源業務及公建建設業
務。本公司兩名主要股東為Longevity
Investment Holding Limited及 Lightway
Power Holdings Limited。本公司的最終實
益擁有人為魏少軍先生（「控股股東」）。
2. 編製基準
本截至二零二一年六月三十日止六個月
的中期簡明綜合財務資料按照國際會計
準則（「國際會計準則」）第34號「中期財
務報告」編製。
中期簡明綜合財務資料並不包括年度
財務報告一般包括的所有各類附註。
因此，本中期簡明綜合財務資料應與根
據國際財務報告準則（「國際財務報告準
則」）所編製截至二零二零年十二月三十
一日止年度的年報及本公司於中期報告
期間所發佈的任何公開公告一併閱讀。
3. 會計政策
本集團所採納的會計政策與截至二零二
零年十二月三十一日止年度及相應中期
報告期間的會計政策一致。
38 LongiTech Smart Energy Holding Limited Interim Report 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
3. 會計政策（續）
多項新訂或經修訂準則適用於本報告期
間。本集團並無因採納該等準則而更改
其會計政策或作出追溯調整。
中期報告期間的所得稅使用適用於預期
年度總盈利的稅率計提。
4. 估計
編製中期簡明綜合財務資料需要管理層
作出影響會計政策的應用及資產與負
債、收入與開支的呈報金額的判斷、估
計及假設。實際結果可能有別於該等估
計。
於編製本中期簡明綜合財務資料時，管
理層於應用本集團的會計政策時作出的
重大判斷及估計不確定因素的主要來源
與截至二零二零年十二月三十一日止年
度的綜合財務報表所適用者相同。
5. 財務風險管理及金融工具
財務風險因素
本集團的業務使其面臨多種財務
風險：市場風險（包括外匯風險、
現金流量及公平值利率風險）、信
貸風險、集中風險及流動性風險。
本集團整體風險管理計劃集中處
理金融市場的不明朗因素，致力減
低對本集團財務表現的潛在不利
影響。
中期簡明綜合財務資料並不包含
年報所規定的所有財務風險管理
資料及披露，並應與本集團截至二
零二零年十二月三十一日止年度
的綜合財務報表一併閱讀。
3. ACCOUNTING POLICIES (Continued)
A number of new or amended standards became applicable for the
current reporting period. The Group did not have to change its
accounting policies or make retrospective adjustments as a result of
adopting these standards.
Taxes on income in the interim reporting period are accrued using the
tax rates that would be applicable to the expected total annual
earnings.
4. ESTIMATES
The preparation of interim condensed consolidated financial information
requires the management to make judgements, estimates and
assumptions that affect the application of accounting policies and the
reported amounts of assets and liabilities, income and expenses. Actual
results may differ from these estimates.
In preparing this interim condensed consolidated financial information,
the significant judgements made by the management in applying the
Group’s accounting policies and the key sources of the uncertainties of
estimates were the same as those that applied to the consolidated
financial statements for the year ended 31 December 2020.
5. FINANCIAL RISK MANAGEMENT AND
FINANCIAL INSTRUMENTS
Financial risk factors
The Group’s activities expose it to a variety of financial risks:
market risk (including foreign exchange risk, cash flow and fair
value interest rate risk), credit risk, concentration risk and liquidity
risk. The Group’s overall risk management programme focuses
on the unpredictability of financial markets and seeks to minimise
potential adverse effects on the Group’s financial performance.
The interim condensed consolidated financial information does
not include all financial risk management information and
disclosures required in the annual report, and should be read in
conjunction with the Group’s consolidated financial statements
for the year ended 31 December 2020.
39隆基泰和智慧能源控股有限公司 中期報告 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
5. FINANCIAL RISK MANAGEMENT AND
FINANCIAL INSTRUMENTS (Continued)
Financial risk factors (Continued)
There have been no changes in the risk management policies
since 31 December 2020.
Liquidity risk
Local managements in the operating entities of the Group are
responsible for their own cash management, including short-term
investments of cash surpluses and raising loans to cover
expected cash demands, in accordance with practice and limits
set by the Group. The Group’s policy is to regularly monitor its
liquidity requirements and compliance with the loan covenants,
to ensure that it maintains sufficient cash and adequate
committed credit facilities to meet obligations in the short and
longer term.
The table below analyses the Group’s financial liabilities into
relevant maturity groupings based on their contractual maturities
as at 30 June 2021 and 31 December 2020, disclosed in
undiscounted cash flows (including interest payments calculated
using contractual rates or, if variable, based on current rates at
the end of the respective reporting period):
Within
1 year or
on demand
Between
1 and 2
years
Between
2 and 5
years
5 years
above Total
Carrying
amount
一年內或
應要求 一年至兩年 兩年至五年 五年以上 總計 賬面值
RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000
人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元
As at 30 June 2021
(unaudited)
於二零二一年
六月三十日
（未經審核）
Borrowings 借貸 35,364 34,743 102,554 97,662 270,323 223,200
Trade and other payables 貿易及其他應付
款項 109,428 — — — 109,428 109,428
Lease liabilities 租賃負債 1,709 805 3,732 19,036 25,282 13,575
146,501 35,548 106,286 116,698 405,033 346,203
As at 31 December
2020 (audited)
於二零二零年
十二月三十一日
（經審核）
Borrowings 借貸 35,976 34,960 103,357 114,645 288,938 235,400
Trade and other payables 貿易及其他應付
款項 68,919 — — — 68,919 68,919
Lease liabilities 租賃負債 2,802 408 3,175 17,339 23,724 11,939
107,697 35,368 106,532 131,984 381,581 316,258
5. 財務風險管理及金融工具
（續）
財務風險因素（續）
自二零二零年十二月三十一日起，
風險管理政策概無任何變動。
流動性風險
本集團營運實體的當地管理層根
據本集團所設立的常規及限制負
責自身的現金管理，包括現金盈餘
的短期投資以及籌集貸款以應付
預期現金需求。本集團按其政策定
期監控流動資金需求及貸款合約
的遵守情況，以維持充足現金及足
夠承諾的借貸額度，履行短期及較
長期的義務。
下表為本集團於二零二一年六月
三十日及二零二零年十二月三十
一日按照合約到期情況分類的金
融負債分析，有關負債根據未折現
現金流量（包括使用合約利率或於
各報告期末的現行利率（僅限於浮
息）所計算的利息付款）披露：
40 LongiTech Smart Energy Holding Limited Interim Report 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
5. 財務風險管理及金融工具
（續）
金融工具的公平值計量
此附註提供自上一年度財務報告
起，本集團於釐定金融工具的公平
值時作出的判斷及估計的最新情
況。
公平值層級
為提供釐定公平值所用輸入
數據的可信程度指標，本集
團根據會計準則的規定將金
融工具分為三級：
• 第一級
在活躍市場交易的金融
工具的公平值按報告期
末的市場報價釐定。
• 第二級
並非於活躍市場交易的
金融工具的公平值採用
估值技術釐定，該等估
值技術盡量利用可觀察
市場數據而盡可能少依
賴實體的特定估計。倘
計算工具公平值所需所
有重要輸入數據均為可
觀察數據，則該工具列
入第二級。
• 第三級
倘一項或多項重要輸入
數據並非根據可觀察市
場數據釐定，則該工具
列入第三級。
截至二零二一年六月三
十日止六個月及截至二
零二零年十二月三十一
日止年度的第三級項目
變動，請參閱附註22。
5. FINANCIAL RISK MANAGEMENT AND
FINANCIAL INSTRUMENTS (Continued)
Fair value measurement of financial instruments
This note provides an update on the judgements and estimates
made by the Group in determining the fair values of the financial
instruments since the last annual financial report.
Fair value hierarchy
To provide an indication about the reliability of the inputs
used in determining fair value, the Group has classified its
financial instruments into the three levels prescribed in the
accounting standards as follows:
• Level 1
The fair value of financial instruments traded in active
markets is based on quoted market prices at the
end of the reporting period.
• Level 2
The fair value of financial instruments that are not
traded in an active market is determined using
valuation techniques which maximise the use of
observable market data and rely as little as possible
on entity-specific estimates. If all significant inputs
required to fair value an instrument are observable,
the instrument is included in Level 2.
• Level 3
If one or more of the significant inputs is not based
on observable market data, the instrument is
included in Level 3.
Please refer to Note 22 for the changes in Level 3
items for the six months ended 30 June 2021 and
the year ended 31 December 2020.
41隆基泰和智慧能源控股有限公司 中期報告 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
5. 財務風險管理及金融工具
（續）
金融工具的公平值計量
（續）
公平值層級（續）
下表呈列本集團於二零二一
年六月三十日及二零二零年
十二月三十一日按重複性基
準以公平值計量的金融資產：
5. FINANCIAL RISK MANAGEMENT AND
FINANCIAL INSTRUMENTS (Continued)
Fair value measurement of financial
instruments (Continued)
Fair value hierarchy (Continued)
The following table presents the Group’s financial assets
measured at fair value as at 30 June 2021 and 31
December 2020 on a recurring basis:
Fair value Significant unobservable inputs
公平值 重要無法觀察輸入數據
Financial assets at
fair value through
profit or loss (Note 22)
As at
30 June
2021
As at
31 December
2020
Fair value
hierarchy Valuation techniques
As at
30 June
2021
As at
31 December
2020
Relationship of unobservable
inputs to fair value
按公平值計量且
其變動計入損益的
金融資產（附註22）
於二零二一年
六月三十日
於二零二零年
十二月三十一日 公平值層級 估值技術
於二零二一年
六月三十日
於二零二零年
十二月三十一日
無法觀察輸入數據與
公平值的關係
RMB’000 RMB’000
人民幣千元 人民幣千元
(Unaudited) (audited)
（未經審核） （經審核）
Unlisted investment funds 55,566 46,099 Level 3 Net asset value (Note 1) N/A N/A N/A N/A
非上市投資基金 第三級 淨資產值（附註1） 不適用 不適用 不適用 不適用
Unlisted exchangeable
bond (Note 2)
867 962 Level 3 Discounted cash flows Liquidity premium % N/A The higher the liquidity premium,
the lower the fair value.
非上市可交換債券
（附註2）
第三級 未折現現金流量 流動性溢價 不適用 流動性溢價越高，公平值越低。
Risk-adjusted discount rate % N/A The higher the discount rate, the
lower the fair value.
風險調整折現率 不適用 折現率越高，公平值越低。
Market valuation method by
reference to enterprise
value-to-sales multiple and
binomial model
Enterprise value-to-sales
multiple
N/A The higher the enterprise value
multiplier, the higher the fair
value
參考企業價值比銷售倍數的
市場估值法及二項式模型
企業價值比銷售倍數 不適用 企業價值倍數越高，公平值
越高。
Bond yield N/A % The higher the bond yield the lower
the fair value
債券收益率 不適用 債券收益率越高，公平值越低。
One year default rate N/A % The higher the one-year default
rate, the lower the fair value
一年期違約率 不適用 一年期違約率越高，公平值
越低。
56,433 47,061
42 LongiTech Smart Energy Holding Limited Interim Report 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
5. 財務風險管理及金融工具
（續）
金融工具的公平值計量
（續）
公平值層級（續）
附註：
1. 於報告期末，本集團確定
非上市投資基金報告的淨
資產值為本集團對非上市
投資基金的投資的公平
值。
2. 於二零二一年六月三十
日，本集團已考慮於短期
內將非上市可交換債券全
數贖回。本集團改變估值
方法將能更好地反映投資
的公平值。因此，改變估
值方法為恰當。
本集團按其政策於報告期末
確認公平值層級的轉入及轉
出。截至二零二一年六月三
十日止六個月，重複按公平
值計量的層級之間並無轉
移。於二零二一年六月三十
日，本集團並未按非重複性
基準以公平值計量任何金融
資產或金融負債。
估值程序
本集團管理層於每半年度報
告期末對非上市投資基金Yue
Xiu Stable Income Segregated
Portfolio（「Yue Xiu SP」）投資的
公平值變動進行分析。就最
基本層面而言，對Yue Xiu SP
的投資的公平值等於相關投
資估計價值的總和，猶如其
於計量日期已實現。該等假
設已實現所得款項將以淨資
產值（「淨資產值」）的等值金
額流入本集團。因此，本集
團使用Yue Xiu SP管理人報告
的淨資產值作為估計對Yue
Xiu SP的投資的公平值的基
礎。本集團管理層亦會持續
審閱Yue Xiu SP的財務資料。
5. FINANCIAL RISK MANAGEMENT AND
FINANCIAL INSTRUMENTS (Continued)
Fair value measurement of financial
instruments (Continued)
Fair value hierarchy (Continued)
Notes:
1. The Group determines that the reported net asset value of
the unlisted investment funds represents the fair value of its
investments in the unlisted investment funds at the end of
the reporting period.
2. As at 30 June 2021, the Group considered the unlisted
exchange bond will be fully redeemed in a short period of
time. The Group consider a change in valuation
methodology can better reflect the fair value of the
investment. Accordingly, change of valuation approach is
appropriate.
The Group’s policy is to recognise transfers into and out of
fair value hierarchy levels as at the end of the reporting
period. There were no transfers between levels for
recurring fair value measurements during the six months
ended 30 June 2021. The Group did not measure any
financial assets or financial liabilities at fair value on a non-
recurring basis as at 30 June 2021.
Valuation processes
Changes in fair values of investments in the unlisted
investment funds, Yue Xiu Stable Income Segregated
Portfolio (“Yue Xiu SP”), are analysed at the end of each
half-yearly reporting period by the Group’s management.
Fair value of investments in Yue Xiu SP is, at its most basic
level, equivalent to the summation of the estimated value of
underlying investments as if realised on the measurement
date. The proceeds from such hypothetical realisations
would flow through to the Group in an amount equal to the
net asset value (“NAV”). Therefore, the Group used the
NAV as reported by the administrators of Yue Xiu SP as
the basis for estimating fair value of investments in Yue Xiu
SP. The Group’s management also reviews the financial
information of Yue Xiu SP on an on-going basis.
43隆基泰和智慧能源控股有限公司 中期報告 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
5. 財務風險管理及金融工具
（續）
金融工具的公平值計量
（續）
估值程序（續）
非上市可交換債券確認為按
攤銷成本列賬的債務工具，
並無於活躍市場上報價。在
並無任何其他有關可觀察市
場的情況下，按攤銷成本列
賬的債務工具的公平值按定
價模型或已折現現金流量為
基礎估計。
使用重要無法觀察輸入
數據進行公平值計量
釐定Yue Xiu SP相關投資組合
公平值時採用的估值技術及
輸入數據如下：
非按公平值列賬的金融
資產及負債的公平值
由於本集團按攤銷成本列賬
的金融工具屬短期性質或應
收╱應付利息的利率與當前市
場利率相若，故於二零二一年
六月三十日，有關工具的賬面
值與其公平值相差不大。
5. FINANCIAL RISK MANAGEMENT AND
FINANCIAL INSTRUMENTS (Continued)
Fair value measurement of financial
instruments (Continued)
Valuation processes (Continued)
The unlisted exchangeable bond is recognized as the debt
instruments at amortised cost are not quoted in an active
market. In the absence of any other relevant observable
market, the fair values of debt instruments at amortised
cost are estimated on the basis of pricing models or
discounted cash flows.
Fair value measurements using significant
unobservable inputs
The valuation techniques and inputs applied in determining
the fair values of the underlying investment portfolio of Yue
Xiu SP is as follows:
Underlying investment
portfolio of Yue Xiu SP
Fair value
hierarchy
Valuation
techniques
Significant
unobservable inputs
Relationship of
unobservable inputs
to fair value
Yue Xiu SP
相關投資組合 公平值層級 估值技術
重要無法觀察
輸入數據
不可觀察輸入數據與
公平值的關係
Unlisted debt securities Level 3 Discounted
cash flow analysis
Liquidity premium The higher the liquidity
premium, the lower
the fair value.
非上市債務證券 第三級 現金流量折現分析 流動性溢價 流動性溢價越高，公
平值越低。
Risk-adjusted discount
rate
The higher the discount
rate, the lower the
fair value.
風險調整折現率 折現率越高，公平值
越低。
Fair values of financial assets and liabilities
carried at other than fair value
The carrying amounts of the Group’s financial instruments
carried at amortised cost as at 30 June 2021 are not
materially different from their fair values since either the
instruments are short-term in nature or the interest
receivable/payable is close to the current market rates.
44 LongiTech Smart Energy Holding Limited Interim Report 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
6. REVENUE AND SEGMENT INFORMATION
(a) Revenue
Six months ended 30 June
截至六月三十日止六個月
2021 2020
二零二一年 二零二零年
RMB’000 RMB’000
人民幣千元 人民幣千元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Sales of electricity 銷售電力 33,436 31,766
Sales of home photovoltaic systems and
rendering smart energy services
銷售戶用光伏系統及提供智慧
能源服務 131,845 7,566
Public infrastructure construction 公建建設 60,199 15,360
225,480 54,692
Timing of revenue recognition 收益確認時間
At a point in time 於某一時點 162,024 33,651
Over time 在一段時間內 63,456 21,041
225,480 54,692
(b) Segment reporting
The Group manages its businesses by divisions, which are
organised by business lines (products and services). In a manner
consistent with the way in which information is reported internally
to the Group’s most senior executive management for the
purposes of resource allocation and performance assessment,
the Group presents the following two reportable segments:
• Smart energy business, and
• Public infrastructure construction business.
No geographical information is presented as substantially all the
Group’s business activities were in the People’s Republic of
China (the “PRC”).
6. 收益及分部資料
(a) 收益
(b) 分部報告
本集團按分部管理業務，而分部以
業務類別（產品及服務）區分。為符
合向本集團最高級行政管理層內
部呈報資料以便分配資源及評估
業績表現的方式，本集團呈列下列
兩個可呈報分部：
• 智慧能源業務，及
• 公建建設業務。
本集團絕大部分經營業務均位於
中華人民共和國（「中國」），故並未
呈列地理分部資料。
45隆基泰和智慧能源控股有限公司 中期報告 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
6. 收益及分部資料（續）
(b) 分部報告（續）
可呈報分部損益、資產及負債如
下：
附註： 添置的非流動資產不包括金融資
產、採用權益法入賬的投資及遞
延稅項資產。
6. REVENUE AND SEGMENT INFORMATION
(Continued)
(b) Segment reporting (Continued)
Reportable segment profit or loss, assets and liabilities are as
follows:
Smart energy
business
Public
infrastructure
construction
business Unallocated
Intersegment
eliminations Total
智慧能源業務 公建建設業務 未分配 分部間抵銷 總計
RMB’000 RMB’000 RMB’000 RMB’000 RMB’000
人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元
Six months ended 30 June 2021
(unaudited)
截至二零二一年六月三十日止六個月
（未經審核）
Revenue from external customers 對外客戶收益 165,281 60,199 — — 225,480
Impairment losses on financial assets 金融資產減值虧損 (27) — — — (27)
Impairment losses on property,
plant and equipment
物業、廠房及設備減值虧損
(31,132) — — — (31,132)
Impairment losses on right-of-use assets 使用權資產減值虧損 (679) — — — (679)
Impairment losses on goodwill 商譽減值虧損 (366) — — — (366)
Impairment losses on other intangible assets 其他無形資產減值虧損 (113) — — — (113)
Finance income 融資收入 5,656 116 — — 5,772
Finance expenses 融資開支 (6,805) — (14) — (6,819)
Share of net profit of associates accounted
for using the equity method
採用權益法入賬的聯營公司的純利
份額 2,997 — — — 2,997
Income tax expense 所得稅開支 (707) — — — (707)
(Loss)/profit for the period 期內（虧損）╱溢利 (18,381) 2,240 6,923 — (9,218)
Other information 其他資料
Depreciation and amortisation 折舊及攤銷 (16,469) (15) (727) — (17,211)
Additions to non-current assets (Note) 添置非流動資產（附註） 35 — — — 35
As at 30 June 2021 (unaudited) 於二零二一年六月三十日（未經審核）
Reportable segment assets 可呈報分部資產 1,448,680 230,145 393,297 (476,638) 1,595,484
Reportable segment liabilities 可呈報分部負債 700,853 177,110 943 (476,638) 402,268
Six months ended 30 June 2020
(unaudited)
截至二零二零年六月三十日止六個月
（未經審核）
Revenue from external customers 對外客戶收益 39,332 15,360 — — 54,692
Impairment losses on financial assets 金融資產減值虧損 (4,979) — — — (4,979)
Impairment losses on property,
plant and equipment
物業、廠房及設備減值虧損
(5,474) — — — (5,474)
Impairment losses on goodwill 商譽減值虧損 (138) — — — (138)
Finance income 融資收入 1,681 581 68 — 2,330
Finance expenses 融資開支 (7,597) (5,835) (47) — (13,479)
Share of net loss of associates accounted
for using the equity method
採用權益法入賬的聯營公司的純虧
份額 (14,189) — — — (14,189)
Income tax credit 所得稅收益 650 — — — 650
Loss for the period 期內虧損 (18,358) (8,712) (5,327) — (32,397)
Other information 其他資料
Depreciation and amortisation 折舊及攤銷 (17,751) (18) (810) — (18,579)
Additions to non-current assets (Note) 添置非流動資產（附註） 2,925 — 21 — 2,946
As at 31 December 2020 (audited) 於二零二零年十二月三十一日
（經審核）
Reportable segment assets 可呈報分部資產 1,354,378 240,042 443,416 (483,456) 1,554,380
Reportable segment liabilities 可呈報分部負債 644,908 189,247 1,765 (483,456) 352,464
Note: Additions to non-current assets exclude financial assets,
investments accounted for using the equity method and deferred
tax assets.
46 LongiTech Smart Energy Holding Limited Interim Report 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
7. IMPAIRMENT LOSSES ON FINANCIAL
ASSETS
Six months ended 30 June
截至六月三十日止六個月
2021 2020
二零二一年 二零二零年
RMB’000 RMB’000
人民幣千元 人民幣千元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
(Reversal of)/loss allowance for financial assets at
amortised cost (Note 18)
按攤銷成本計量的金融資產（虧損
撥備撥回）╱虧損撥備（附註18） (567) 2,250
Loss allowance for trade and other receivables
(Note 21)
貿易及其他應收款項虧損撥備
（附註21） 594 2,729
27 4,979
8. OTHER GAINS — NET
Six months ended 30 June
截至六月三十日止六個月
2021 2020
二零二一年 二零二零年
RMB’000 RMB’000
人民幣千元 人民幣千元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Net fair value gains on financial assets at
fair value through profit or loss
按公平值計量且其變動計入損益
的金融資產公平值收益淨額 10,019 222
Net foreign exchange (losses)/gains 匯兌（虧損）╱收益淨額 (492) 8
Net losses on disposal of property, plant and
equipment
出售物業、廠房及設備虧損淨額
— (3)
Net gains on disposal of subsidiaries 出售附屬公司收益淨額 748 —
Others 其他 316 158
10,591 385
7. 金融資產減值虧損
8. 其他收益淨額
47隆基泰和智慧能源控股有限公司 中期報告 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
9. FINANCE EXPENSE — NET
Six months ended 30 June
截至六月三十日止六個月
2021 2020
二零二一年 二零二零年
RMB’000 RMB’000
人民幣千元 人民幣千元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Finance income 融資收入
Interest income from loans to related parties and
third parties
向關聯方及第三方貸款的
利息收入 5,592 1,712
Interest income from bank deposits 銀行存款利息收入 180 618
Total finance income 融資收入總額 5,772 2,330
Finance expenses 融資開支
Interest expense on lease liabilities 租賃負債利息開支 (374) (445)
Interest expense on bank borrowings 銀行借貸利息開支 (6,425) (12,983)
Net interest expense 利息開支淨額 (6,799) (13,428)
Others 其他 (20) (51)
Total finance expenses 融資開支總額 (6,819) (13,479)
Finance expenses — net 融資開支淨額 (1,047) (11,149)
9. 融資開支淨額
48 LongiTech Smart Energy Holding Limited Interim Report 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
10. INCOME TAX (EXPENSE)/CREDIT
Six months ended 30 June
截至六月三十日止六個月
2021 2020
二零二一年 二零二零年
RMB’000 RMB’000
人民幣千元 人民幣千元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Current income tax 即期所得稅 (910) (632)
Deferred income tax 遞延所得稅 203 1,282
(707) 650
Pursuant to the rules and regulations of the Cayman Islands and the
British Virgin Islands (the “BVI”), the Group is not subject to any income
taxes in these jurisdictions.
The Group did not make any provisions for Hong Kong profit tax as
there were no assessable profits arising in Hong Kong during the six
months ended 30 June 2021 (2020: nil).
For the six months ended 30 June 2021, the statutory income tax rate
of entities within the Group registered in the PRC is 25% (2020: 25%),
except for the following entities entitled to tax exemption or preferential
rates:
• Since the respective first revenue-generating year, subsidiaries
operating solar power plants are exempted from enterprise
income tax for the first three years and are entitled to a 50% tax
reduction for the subsequent three years.
• Tianjin Haitian Fangyuan Energy Saving Technology Co., Ltd. (“Haitian
Fangyuan”), an indirect non-wholly-owned subsidiary of the
Company, was certified as High-Tech Enterprise of Tianjin City,
effective from 23 November 2018 to 23 November 2021, during
which Haitian Fangyuan enjoys a preferential tax rate of 15%.
10. 所得稅（開支）╱收益
根據開曼群島及英屬處女群島（「英屬處
女群島」）規則及法規，本集團毋須繳納
該等司法權區的任何所得稅。
由於本集團於截至二零二一年六月三十
日止六個月並無於香港產生應評稅溢
利，故並無就香港利得稅作出任何撥備
（二零二零年：無）。
截至二零二一年六月三十日止六個月，
本集團於中國註冊的實體的法定所得稅
稅率為25%（二零二零年：25%），惟以下
實體獲免稅或享受優惠稅率：
• 從各自的首個獲收益年度起，經營
光伏電站的附屬公司首三年獲豁
免繳納企業所得稅，其後三年獲
50%稅項減免。
• 本公司的間接非全資附屬公司天
津海天方圓節能技術有限公司（「海
天方圓」）獲認可為天津市高新技術
企業，有效期為二零一八年十一月
二十三日至二零二一年十一月二
十三日止。該期間內，海天方圓享
有15%的優惠稅率。
49隆基泰和智慧能源控股有限公司 中期報告 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
10. INCOME TAX (EXPENSE)/CREDIT (Continued)
• From 1 January 2018 to 31 December 2022, Hoboksar Mongol
Autonomous County Sifang Dianjin Energy Co., Ltd. (“Sifang
Dianjin”), an indirect non-wholly-owned subsidiary of the
Company, is exempted from enterprise income tax for the first
two years and are entitled to a 50% tax reduction for the
subsequent three years.
11. LOSS PER SHARE
(a) Basic loss per share
Basic loss per share is calculated by dividing the loss attributable
to owners of the Company by the weighted average number of
ordinary shares in issue during the six months ended 30 June
2021 and 2020, respectively:
Six months ended 30 June
截至六月三十日止六個月
2021 2020
二零二一年 二零二零年
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Loss attributable to owners of the Company
(RMB’000)
本公司擁有人應佔虧損
（人民幣千元） (8,888) (31,046)
Weighted average number of ordinary shares
in issue (thousands)
已發行普通股加權平均數
（千股） 1,484,604 1,484,604
Basic loss per share (RMB) 每股基本虧損（人民幣元） () ()
(b) Diluted loss per share
Diluted loss per share is calculated by adjusting the weighted
average number of ordinary shares outstanding assuming
conversion of all dilutive potential ordinary shares.
For the six months ended 30 June 2021 and 2020, the exercise
prices of the share options exceeded the average market price of
ordinary shares of the Company during the respective period,
therefore the effect of share options was anti-dilutive and was
ignored from the calculation of diluted loss per share.
10. 所得稅（開支）╱收益（續）
• 於二零一八年一月一日至二零二
二年十二月三十一日止，本公司的
間接非全資附屬公司和布克賽爾
蒙古自治縣四方電金能源有限公
司（「四方電金」）首兩年獲豁免繳納
企業所得稅，其後三年獲50%稅項
減免。
11. 每股虧損
(a) 每股基本虧損
每股基本虧損按本公司擁有人應
佔虧損除以於截至二零二一年及
二零二零年六月三十日止六個月
分別的已發行普通股加權平均數
計算：
(b) 每股攤薄虧損
每股攤薄虧損按因假設轉換所有
潛在攤薄普通股而調整已發行普
通股的加權平均數計算。
截至二零二一年及二零二零年六
月三十日止六個月，購股權行使價
超過本公司普通股於相應期間的
平均市價，故購股權的影響屬反攤
薄性，並在每股攤薄虧損的計算中
予以忽略。
50 LongiTech Smart Energy Holding Limited Interim Report 2021
Notes to the Unaudited Interim Condensed Consolidated Financial Information
未經審核中期簡明綜合財務資料附註
12. PROPERTY, PLANT AND EQUIPMENT
Property, plant
and equipment
物業、廠房及
設備
RMB’000
人民幣千元
Six months ended 30 June 2021 (unaudited) 截至二零二一年六月三十日止六個月（未經審核）
Net book amount as at 1 January 2021 於二零二一年一月一日的賬面淨值 442,794
Additions 添置 35
Disposals upon disposals of subsidiaries 於出售附屬公司時出售 (3,341)
Depreciation charge 折舊支出 (13,762)
Impairment 減值 (31,132)
Net book amount as at 30 June 2021 於二零二一年六月三十日的賬面淨值 394,594
Year ended 31 December 2020 (audited) 截至二零二零年十二月三十一日止年度（經審核）
Net book amount as at 1 January 2020 於二零二零年一月一日的賬面淨值 477,990
Additions 添置 964
Disposals 出售 (75
