ENERGY INTERNATIONAL INVESTMENTS HOLDINGS LIMITED
能 源 國 際 投 資 控 股 有 限 公 司*
(Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立之有限公司)
(Stock code 股份代號 : 353)
僅
供
識
別
INTERIM
REPORT
中期報告2016
CONTENTS
目錄
1能源國際投資控股有限公司‧二零一六年中期報告
Corporate Information 公司資料 2
Condensed Consolidated Income Statement 簡明綜合損益表 4
Condensed Consolidated Statement of Comprehensive Income 簡明綜合全面收入表 5
Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 6
Condensed Consolidated Statement of Changes In Equity 簡明綜合權益變動表 8
Condensed Consolidated Statement of Cash Flows 簡明綜合現金流量表 9
Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 10
Management Discussion and Analysis 管理層討論及分析 34
Other Information 其他資料 43
CONTENTS
目錄
CORPORATE INFORMATION
公司資料
2 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
董事會
執行董事
王美艷女士
陳偉璋先生
金玉萍女士
藍永強先生
獨立非執行董事
王靖華先生
李凱恩先生
馮南山先生
審核委員會
李凱恩先生（主席）
王靖華先生
馮南山先生
薪酬委員會
李凱恩先生（主席）
王靖華先生
馮南山先生
陳偉璋先生
提名委員會
李凱恩先生（主席）
王靖華先生
馮南山先生
陳偉璋先生
公司秘書
黃兆強先生
授權代表
王美艷女士
黃兆強先生
註冊辦事處
Cricket Square
Hutchins Drive, . Box 2681
Grand Cayman KY1-1111
Cayman Islands
BOARD OF DIRECTORS
Executive Directors
Ms. Wang Meiyan
Mr. Chan Wai Cheung Admiral
Ms. Jin Yuping
Mr. Lan Yongqiang
Independent Non-Executive Directors
Mr. Wang Jinghua
Mr. Lee Hoi Yan
Mr. Fung Nan Shan
AUDIT COMMITTEE
Mr. Lee Hoi Yan (Chairman)
Mr. Wang Jinghua
Mr. Fung Nan Shan
REMUNERATION COMMITTEE
Mr. Lee Hoi Yan (Chairman)
Mr. Wang Jinghua
Mr. Fung Nan Shan
Mr. Chan Wai Cheung Admiral
NOMINATION COMMITTEE
Mr. Lee Hoi Yan (Chairman)
Mr. Wang Jinghua
Mr. Fung Nan Shan
Mr. Chan Wai Cheung Admiral
COMPANY SECRETARY
Mr. Wong Siu Keung, Joe
AUTHORISED REPRESENTATIVES
Ms. Wang Meiyan
Mr. Wong Siu Keung, Joe
REGISTERED OFFICE
Cricket Square
Hutchins Drive, . Box 2681
Grand Cayman KY1-1111
Cayman Islands
CORPORATE INFORMATION
公司資料
Energy International Investments Holdings Limited • Interim Report 2016
CORPORATE INFORMATION
公司資料
3能源國際投資控股有限公司‧二零一六年中期報告
香港總辦事處及主要營業地點
香港
皇后大道中99號
中環中心
15樓1508室
香港股份過戶登記分處
卓佳登捷時有限公司
香港
皇后大道東183號
合和中心22樓
主要股份過戶登記處
Codan Trust Company (Cayman) Limited
Cricket Square, Hutchins Drive
. Box 2681, Grand Cayman
KY1-1111
Cayman Islands
本公司法律顧問
香港法例：
周卓立陳啟球陳一理律師事務所
香港
干諾道中130-136號
誠信大廈3樓
開曼群島法律：
Conyers Dills & Pearman
香港中環
康樂廣場8號
交易廣場一座2901室
核數師
香港立信德豪會計師事務所有限公司
香港
干諾道中111號
永安中心25樓
HEAD OFFICE AND PRINCIPAL PLACE OF
BUSINESS IN HONG KONG
Unit 1508, 15th Floor
The Center
99 Queen’s Road Central
Hong Kong
HONG KONG BRANCH SHARE REGISTRAR AND
TRANSFER OFFICE
Tricor Tengis Limited
Level 22, Hopewell Centre
183 Queen’s Road East
Hong Kong
PRINCIPAL SHARE REGISTRAR AND TRANSFER
OFFICE
Codan Trust Company (Cayman) Limited
Cricket Square, Hutchins Drive
. Box 2681, Grand Cayman
KY1-1111
Cayman Islands
LEGAL ADVISERS TO THE COMPANY
As to Hong Kong Law:
. Chow & Macksion Chan, Solicitors
3rd Floor, Alliance Building
130-136 Connaught Road Central
Hong Kong
As to Cayman Islands Law:
Conyers Dills & Pearman
2901 One Exchange Square
8 Connaught Place
Central, Hong Kong
AUDITOR
BDO Limited
25th Floor, Wing On Centre
111 Connaught Road Central
Hong Kong
CONDENSED CONSOLIDATED INCOME STATEMENT
簡明綜合損益表
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
4 Energy International Investments Holdings Limited • Interim Report 2016
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
Notes HK$’000 HK$’000
二零一六年 二零一五年
附註 千港元 千港元
Revenue 收益 4 20,753 54,821
Cost of sales 銷售成本 (45,870) (64,773)
Gross loss 毛損 (25,117) (9,952)
Other income 其他收入 4 399 1,033
Selling and distribution expenses 銷售及分銷開支 (250) (558)
Administrative expenses 行政開支 (19,937) (16,276)
Other operating expenses 其他經營開支 (11,302) (2,440)
Finance costs 財務成本 6 (14,701) (4,672)
Loss before income tax 除所得稅前虧損 7 (70,908) (32,865)
Income tax credit 所得稅抵免 8 715 1,314
Loss for the period 本期間虧損 (70,193) (31,551)
Loss for the period attributable to: 應佔本期間虧損：
Owners of the Company 本公司擁有人 (59,042) (24,624)
Non-controlling interests 非控股股東權益 (11,151) (6,927)
Loss for the period 本期間虧損 (70,193) (31,551)
Loss per share for loss attributable to
the owners of the Company
for the period
本公司擁有人應佔本期間
虧損之每股虧損
10
– Basic and diluted －基本及攤薄 (HK cents 港仙) (HK cents 港仙)
CONDENSED CONSOLIDATED INCOME STATEMENT
簡明綜合損益表
For the six months ended 30 June 2016
截至二零一六年六月三十日止六個月
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
簡明綜合全面收入表
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
5能源國際投資控股有限公司‧二零一六年中期報告
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
HK$’000 HK$’000
二零一六年 二零一五年
千港元 千港元
Loss for the period 本期間虧損 (70,193) (31,551)
Other comprehensive income 其他全面收入
Items that may be reclassified subsequently
to profit or loss:
其後可能重新分類至損益之項目：
Exchange losses on translation of
financial statements of foreign operations
換算海外業務財務報表之
匯兌虧損 (8,069) –
Other comprehensive income
for the period
本期間其他全面收入
(8,069) –
Total comprehensive income
for the period
本期間全面收入總額
(78,262) (31,551)
Total comprehensive income
attributable to:
應佔全面收入總額：
Owners of the Company 本公司擁有人 (63,982) (24,624)
Non-controlling interests 非控股股東權益 (14,280) (6,927)
(78,262) (31,551)
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
簡明綜合全面收入表
For the six months ended 30 June 2016
截至二零一六年六月三十日止六個月
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
簡明綜合財務狀況表
As at 30 June 2016 於二零一六年六月三十日
6 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
(Unaudited) (Audited)
（未經審核） （經審核）
30 June
2016
31 December
2015
Notes HK$’000 HK$’000
二零一六年
六月三十日
二零一五年
十二月三十一日
附註 千港元 千港元
ASSETS AND LIABILITIES 資產及負債
Non-current assets 非流動資產
Property, plant and equipment 物業、廠房及設備 11 550,919 383,943
Prepaid land lease payments 預付土地租賃款項 2,364 3,132
Intangible assets 無形資產 668,769 672,043
Deferred tax assets 遞延稅項資產 56,434 55,939
1,278,486 1,115,057
Current assets 流動資產
Inventories 存貨 1,551 925
Trade and bills receivables 應收貿易賬項及票據 12 32,152 34,085
Prepayments, deposits and
other receivables
預付款項、按金及其他應收
款項 130,361 97,659
Financial assets at fair value through
profit or loss
按公平值計入損益之
財務資產 18,433 24,818
Pledged bank deposits 已抵押銀行存款 23,222 22
Cash at banks and in hand 銀行結存及手頭現金 66,810 238,260
272,529 395,769
Current liabilities 流動負債
Trade and bills payables 應付貿易賬項及票據 13 10,827 11,172
Other payables and accruals 其他應付款項及應計款項 375,782 383,829
Amounts due to non-controlling
shareholders
應付非控股股東款項
74,897 20,932
Bank borrowings 銀行借款 40,600 41,300
Other borrowings 其他借款 14 92,617 29,972
Convertible bonds 可換股債券 8,055 3,337
Tax payables 應付稅項 9,968 10,140
612,746 500,682
Net current liabilities 流動負債淨值 (340,217) (104,913)
Total assets less current liabilities 資產總值減流動負債 938,269 1,010,144
Non-current liabilities 非流動負債
Other borrowings 其他借款 14 12,742 12,533
Convertible bonds 可換股債券 145,007 138,113
Deferred tax liabilities 遞延稅項負債 171,571 172,287
329,320 322,933
Net assets 資產淨值 608,949 687,211
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
簡明綜合財務狀況表
As at 30 June 2016
於二零一六年六月三十日
Energy International Investments Holdings Limited • Interim Report 2016
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
簡明綜合財務狀況表
As at 30 June 2016 於二零一六年六月三十日
7能源國際投資控股有限公司‧二零一六年中期報告
EQUITY 權益
Equity attributable to the owners of
the Company
本公司擁有人應佔權益
Share capital 股本 15 304,970 304,970
Reserves 儲備 183,848 247,830
488,818 552,800
Non-controlling interests 非控股股東權益 120,131 134,411
Total equity 總權益 608,949 687,211
(Unaudited) (Audited)
（未經審核） （經審核）
30 June
2016
31 December
2015
Notes HK$’000 HK$’000
二零一六年
六月三十日
二零一五年
十二月三十一日
附註 千港元 千港元
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
簡明綜合權益變動表
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
8 Energy International Investments Holdings Limited • Interim Report 2016
(Unaudited)
（未經審核）
Equity attributable to the owners of the Company
本公司擁有人應佔權益
Share
capital
Share
premium
Capital
reserve
Exchange
reserve
Convertible
bonds
equity
reserve
Accumulated
losses Total
Non-
controlling
interests
Total
equity
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
股本 股份溢價 資本儲備 匯兌儲備
可換股債券
權益儲備 累計虧損 總計
非控股股東
權益 總權益
千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元
At 1 January 2015 於二零一五年一月一日 198,408 2,310,017 177,027 21,075 408,405 (2,281,368) 833,564 24,361 857,925
Placing shares 配售股份 36,942 15,558 – – – – 52,500 – 52,500
Transactions with owners 與擁有人之交易 36,942 15,558 – – – – 52,500 – 52,500
Loss for the period 本期間虧損 – – – – – (24,624) (24,624) (6,927) (31,551)
Total comprehensive income
for the period
本期間全面收入總額
– – – – – (24,624) (24,624) (6,927) (31,551)
At 30 June 2015 於二零一五年六月三十日 235,350 2,325,575 177,027 21,075 408,405 (2,305,992) 861,440 17,434 878,874
At 1 January 2016 於二零一六年一月一日 304,970 2,363,920 177,027 18,111 462,708 (2,773,936) 552,800 134,411 687,211
Loss for the period 本期間虧損 – – – – – (59,042) (59,042) (11,151) (70,193)
Other Comprehensive income: 其他全面收入：
Exchange losses on translation of
Financial statements of
foreign operations
換算海外業務財務報表之
匯兌虧損
– – – (4,940) – – (4,940) (3,129) (8,069)
Total comprehensive income
for the period
本期間全面收入總額
– – – (4,940) – (59,042) (63,982) (14,280) (78,262)
At 30 June 2016 於二零一六年六月三十日 304,970 2,363,920 177,027 13,171 462,708 (2,832,978) 488,818 120,131 608,949
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
簡明綜合權益變動表
For the six months ended 30 June 2016
截至二零一六年六月三十日止六個月
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
簡明綜合現金流量表
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
9能源國際投資控股有限公司‧二零一六年中期報告
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
HK$’000 HK$’000
二零一六年 二零一五年
千港元 千港元
Net cash used in operating activities 用於經營業務之現金淨額 (65,137) (65,212)
Net cash (used in)/generated from
investing activities
（用於）╱源自投資業務之
現金淨額 (224,855) 155
Net cash generated from financing activities 源自融資活動之現金淨額 117,356 50,003
Net decrease in cash and cash equivalents 現金及現金等值項目之減少淨額 (172,636) (15,054)
Cash and cash equivalents at
the beginning of the period
期初之現金及現金等值項目
238,260 76,043
Effect on foreign exchange rate changes 匯率變動之影響 1,186 –
Cash and cash equivalents at
the end of the period
期末之現金及現金等值項目
66,810 60,989
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
簡明綜合現金流量表
For the six months ended 30 June 2016
截至二零一六年六月三十日止六個月
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
10 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
1. 一般資料
本公司為一間於開曼群島註冊成立並以開
曼群島為居籍之有限責任公司。本公司之
註冊辦事處設於Cricket Square, Hutchins
Drive, . Box 2681, Grand Cayman
KY1-1111, Cayman Islands，而主要營業地
點則為香港皇后大道中99號中環中心15樓
1508室。本公司之股份於香港聯合交易所
有限公司（「聯交所」）上市。
本公司之主要業務為投資控股。本集團於
截至二零一六年六月三十日止六個月（「本
期間」）之主要業務包括：
－ 熱電供應，指熱電生產及供應業
務；
－ 產油，指產油業務；及
－ 油品及液體化工品碼頭，指經營液
體化工品碼頭、儲存及物流設施業
務。
2. 編製基準
此等未經審核簡明綜合中期財務報表已根
據香港會計師公會頒佈之香港會計準則
（「香港會計準則」）第34號中期財務報告
及聯交所證券上市規則（「上市規則」）之
適用披露規定而編製。
(i) 持續經營基準
財務報表已根據持續經營基準編
製，其假設於一般日常業務變現資
產及償還負債，惟於二零一六年六
月三十日本集團錄得流動負債淨
額340,217,000港元（二零一五年
十二月三十一日：104,913,000港
元）及於期內錄得虧損70,193,000
港元（截至二零一五年六月三十日
止六個月：31,551,000港元）。該
等情況反映存在重大不明朗因素，
或會對本集團持續經營之能力產生
重大質疑，因此本集團或許未能於
日常業務過程中變現資產及履行責
任。持續經營基準乃按以下基準採
納：
1. GENERAL INFORMATION
The Company is a limited liability company incorporated and
domiciled in the Cayman Islands. Registered office of the
Company is Cricket Square, Hutchins Drive, . Box 2681,
Grand Cayman KY1-1111, Cayman Islands and its principal
place of business is Unit 1508, 15th Floor, The Center, 99
Queen’s Road Central, Hong Kong. The Company’s shares are
listed on The Stock Exchange of Hong Kong Limited (the “Stock
Exchange”).
The principal activity of the Company is investment holding.
The principal activities of the Group during the six months
ended 30 June 2016 (the “Period”) include:
– the supply of electricity representing the business of
generation and supplying of electricity and heat;
– the oil production representing the business of oil
production; and
– the oil and liquefield chemical terminal representing
the business of operation of liquid chemical terminal,
storage and logistics facilities.
2. BASIS OF PREPARATION
These unaudited condensed consolidated interim financial
statements have been prepared in accordance with Hong
Kong Accounting Standard (“HKAS”) 34 Interim Financial
Reporting issued by the Hong Kong Institute of Certified Public
Accountants and the applicable disclosure requirements of the
Rules Governing the Listing of Securities on the Stock Exchange
(the “Listing Rules”).
(i) Going concern basis
The financial statements have been prepared on a going
concern basis which assumes the realisation of assets
and satisfaction of liabilities in the ordinary course of
business notwithstanding that as at 30 June 2016, the
Group had net current liabilities of HK$340,217,000
(31 December 2015: HK$104,913,000) and suffered
a loss of HK$70,193,000 (six months ended 30 June
2015: HK$31,551,000) for the period. These conditions
indicate the existence of a material uncertainty which
may cast significant doubt on the Group’s ability to
continue as a going concern and therefore, the Group
may not be able to realise its assets and discharges their
liabilities in the normal course of business. The going
concern basis has been adopted on the bases that:
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016
截至二零一六年六月三十日止六個月
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
11能源國際投資控股有限公司‧二零一六年中期報告
2. 編製基準（續）
(i) 持續經營基準（續）
(a) 由中國年代能源投資有限
公司（「中國年代」，為本公
司之間接全資附屬公司）
與中國石油天然氣集團公
司（「中國石油天然氣集團
公司」）於二零零七年八月
十三日所訂立之石油合約
（「松遼合約」）繼續生效及
本集團繼續其產油業務，此
乃董事編製未來十二個月現
金流預測之基準，並假設原
油價格將由低位逐步回升；
(b) 本公司成功自中國一家銀行
申請於未來十八個月取得高
達人民幣800,000,000元的
新增信貸額度。該等銀行信
貸將用於發展本集團的石油
及液體化工品碼頭項目；及
(c) 昇暉有限公司（為本公司之
間接全資附屬公司，持有山
西中凱集團靈石熱電有限公
司（「山西中凱集團靈石」）
之60%股權）將於二零一六
年成功出售。
經考慮上述措施後，董事認為本集
團可於可見未來在財務負債到期時
作出支付，並相信本集團將可持續
經營，因此以持續經營基準編製財
務報表。
倘本集團無法持續經營業務，將須
於綜合財務報表作出調整以撇減資
產價值至其估計可變現價值，及就
可能產生之任何進一步負債作出撥
備，並將非流動資產及負債分別重
新分類為流動資產及負債。此等調
整的影響並無於此等財務報表反
映。
2. BASIS OF PREPARATION (Continued)
(i) Going concern basis (Continued)
(a) the petroleum contract entered into between
China Era Energy Power Investment Limited
(“China Era”) , an ind i rect whol ly -owned
subsidiary of the Company, and China National
Petroleum Corporation (“CNPC”), on 13 August
2007 (the “Songliao Contract”) continues to be
valid and the Group continues its oil production
business, which is the basis on which the
directors prepared the cash flow forecast for the
next twelve months and assuming that the low
crude oil price to be recovered gradually;
(b) the Company’s application for a new credit
line of up to RMB800,000,000 from a bank
in the PRC for the coming 18 months would
be successful. The banking facilities would be
utilised in the development of the Group’s oil
and liquefied chemical terminal project; and
(c) Sunlight Rise Limited, an indirect wholly-owned
subsidiary of the Company, which holds 60%
equity interest in Shanxi Zhong Kai Group
Lingshi Heat and Power Company Limited
(“Shanxi Zhong Kai Group Lingshi”), would be
successfully disposed of during 2016.
After taking into account the above measures, the
directors consider that the Group can meet its financial
obligations as and when they fall due in the foreseeable
future and believe that the Group will continue as a
going concern and consequently have prepared the
financial statements on a going concern basis.
Should the Group be unable to continue in business as
a going concern, adjustments would have to be made
in the consolidated financial statements to reduce the
values of the assets to their estimated realisable values,
to provide for any further liabilities which may arise and
to reclassify non-current assets and liabilities as current
assets and liabilities respectively. The effects of these
adjustments have not been reflected in these financial
statements.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
12 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
2. 編製基準（續）
(ii) 失去青海森源礦業開發有
限公司（「青海森源」）及內
蒙古森源礦業開發有限公
司（「內蒙古森源」）資產之
控制權
於二零一零年，董事會發現，由本
公司之間接全資附屬公司青海森
源（於中華人民共和國（「中國」）
成立）持有之勘探牌照自二零一零
年一月三十一日起轉讓予一間名
為內蒙古小紅山源森礦業有限公司
（「源森公司」）（英文名稱為 Inner
Mongolia Xiao Hong Shan Yuen
Xian Mining Industry Company
Limited，僅供識別）之公司，而本公
司對此並不知情，亦無表示同意或
批准。
根據本集團法律顧問進行之調查，
本集團知悉：
(a) 源森公司為一間於二零零九
年於中國成立之全外資企
業，由一間名為源森礦業控
股有限公司（「香港源森」）
之公司全資擁有。梁儷瀞女
士（「梁女士」）為源森公司
其中一名董事及法定代表。
(b) 香港源森（前稱為森源礦業
控股有限公司）為一間於二
零零八年於香港註冊成立之
公司，由梁女士全資擁有。
梁女士亦為香港源森之唯一
董事。
2. BASIS OF PREPARATION (Continued)
(ii) Loss of controls over the assets
of Qinghai Forest Source Mining
Industry Developing Company Limited
(“QHFSMI”) and Inner Mongolia Forest
Source Mining Industry Developing
Company Limited (“IMFSMI”)
In 2010, the Board discovered that as from 31 January
2010, the exploration licence held by QHFSMI, an
indirect wholly-owned subsidiary of the Company
established in the People’s Republic of China (the
“PRC”), had been transferred to a company known
as 內蒙古小紅山源森礦業有限公司 (in English, for
identification purpose only, Inner Mongolia Xiao Hong
Shan Yuen Xian Mining Industry Company Limited)
(“Yuen Xian Company”) without the Company’s
knowledge, consent or approval.
Based on the searches conducted by the Group’s legal
advisers, the Group was advised that:
(a) Yuen Xian Company is a wholly foreign owned
enterprise established in the PRC in 2009 and is
wholly-owned by a company, namely Yuenxian
Mining Industry Holding Company Limited (“HK
Yuenxian”). Ms Leung Lai Ching Margaret (“Ms
Leung”) is one of the directors and the legal
representative of Yuen Xian Company.
(b) HK Yuenxian (formerly known as Forest Source
Mining Industry Holding Company Limited) is a
company incorporated in Hong Kong in 2008
and is wholly-owned by Ms Leung. Ms Leung is
also the sole director of HK Yuenxian.
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
13能源國際投資控股有限公司‧二零一六年中期報告
2. 編製基準（續）
(ii) 失去青海森源礦業開發有
限公司（「青海森源」）及內
蒙古森源礦業開發有限公
司（「內蒙古森源」）資產之
控制權（續）
與梁女士之糾紛
於二零零九年十一月，香港森源礦
業控股有限公司（「香港森源礦業
控股」）、青海森源及內蒙古森源
（全部均由本集團全資擁有）向香
港源森、梁女士及有關法律訴訟中
名列共同被告人之其他人士展開法
律訴訟。本集團已尋求並取得（其
中包括）香港法院頒佈之暫時禁制
令，內容如下：
(a) 限制（其中包括）香港源森
及梁女士以「森源礦業控股
有限公司」（自二零一零年
一月七日起名為「香港源
森」）之名於香港及╱或中
國進行業務之禁制令；及
(b) 限制（其中包括）梁女士擔
任青海森源之董事或顯示出
其為董事身份行事或干涉青
海森源之業務，包括但不限
於就青海森源之任何事務或
與之有關之任何事務代表青
海森源向內蒙古自治區工商
局或中國任何其他政府機構
作出任何聲明、要求、索求
或承諾之禁制令。
該暫時禁制令其後於二零一零年三
月三十日撤銷。
2. BASIS OF PREPARATION (Continued)
(ii) Loss of controls over the assets
of Qinghai Forest Source Mining
Industry Developing Company Limited
(“QHFSMI”) and Inner Mongolia Forest
Source Mining Industry Developing
Company Limited (“IMFSMI”) (Continued)
Disputes with Ms Leung
In November 2009, a legal proceeding was commenced
by Hong Kong Forest Source Mining Industry Holding
Company Limited (“HKFSMIH”), QHFSMI and IMFSMI,
all of which are wholly-owned by the Group, against
HK Yuenxian, Ms Leung and such other persons named
as co-defendants to such legal proceedings. The Group
sought and obtained, among other things, an interim
injunction order from the Hong Kong Court in the
following terms:
(a) An injunction restraining, amongst others,
HK Yuenxian and Ms Leung from carrying on
business in Hong Kong and/or the PRC under the
name of Forest Source Mining Industry Holding
Company Limited (subsequently known as HK
Yuenxian since 7 January 2010); and
(b) An injunction restraining, amongst others, Ms
Leung from acting or holding out as a director
of QHFSMI or interfering with the business of
QHFSMI, including but not limited to making any
representations, requests, demands or promises
to the Inner Mongolia Autonomous Region
Commerce and Industry Bureau or any other
governmental agencies in the PRC on behalf of
QHFSMI in regard to any affairs of or relating to
QHFSMI.
The inter im in junct ion order was subsequent ly
discharged on 30 March 2010.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
14 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
2. 編製基準（續）
(ii) 失去青海森源礦業開發有
限公司（「青海森源」）及內
蒙古森源礦業開發有限公
司（「內蒙古森源」）資產之
控制權（續）
本期間內，梁女士作為青海森源及
內蒙古森源之董事及法定代表之法
律地位在其不配合的情況下維持不
變
梁女士曾為青海森源及內蒙古森源
之董事及法定代表。於二零零九年
九月，青海森源及內蒙古森源的唯
一股東（即香港森源礦業控股）議
決罷免梁女士於青海森源及內蒙古
森源之董事及法定代表職務，即時
生效。如本公司日期為二零一零年
六月二十八日之通函所披露，由於
當時之法定代表梁女士不配合及未
能提供所需文件及公司印章，因此
青海森源及內蒙古森源各自之董事
會分別之成員及法定代表未正式更
改。
2. BASIS OF PREPARATION (Continued)
(ii) Loss of controls over the assets
of Qinghai Forest Source Mining
Industry Developing Company Limited
(“QHFSMI”) and Inner Mongolia Forest
Source Mining Industry Developing
Company Limited (“IMFSMI”) (Continued)
Ms Leung’s legal status as director and legal
representative in QHFSMI and IMFSMI remained
unchanged during the period in the absence of her
cooperation
Ms Leung was a director and legal representative of
both QHFSMI and IMFSMI. In September 2009, the
sole shareholder of QHFSMI and IMFSMI (. HKFSMIH)
resolved to remove Ms Leung’s capacity as director and
legal representative of both QHFSMI and IMFSMI with
immediate effect. As disclosed in the Company’s circular
dated 28 June 2010, the respective members of the
board of directors and legal representative of QHFSMI
and IMFSMI was not officially changed as Ms Leung,
being the then legal representative, was not cooperative
and failed to provide the requested documents and
corporate seals.
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
15能源國際投資控股有限公司‧二零一六年中期報告
2. 編製基準（續）
(ii) 失去青海森源礦業開發有
限公司（「青海森源」）及內
蒙古森源礦業開發有限公
司（「內蒙古森源」）資產之
控制權（續）
在本公司不知情及未經本公司同意
或批准的情況下轉讓勘探牌照
本集團於二零零七年向梁女士收購
青海森源。青海森源持有一個勘探
牌照，該牌照賦予青海森源在位於
中國內蒙古小紅山之鈦礦進行礦產
資源勘探工作之權利。根據本集團
法律顧問進行之調查，該勘探牌照
已於二零一零年一月在本公司不知
情及未經本公司同意或批准的情
況下轉讓予源森公司。鑒於本公司
已取得暫時禁制令（詳情載於上文
「與梁女士之糾紛」分段），本公司
完全沒有預料到梁女士會採取有關
行動。倘無勘探牌照，青海森源不
再有權（其中包括）於鈦礦進行礦
產資源勘探、進入鈦礦及鄰近區域
以及優先獲得鈦礦之開採權。
本集團發現失去青海森源之勘探牌
照後，已立即尋求法律意見。鑒於
發現失去青海森源之重大資產，董
事會已無法再維持本集團對青海森
源及內蒙古森源之控制權。基於上
述原因，本公司董事認為，本集團
不再對青海森源及內蒙古森源擁有
權力，不再享有青海森源及內蒙古
森源可變回報或對其擁有權利，亦
無能力行使其權力以影響該等可變
回報。
2. BASIS OF PREPARATION (Continued)
(ii) Loss of controls over the assets
of Qinghai Forest Source Mining
Industry Developing Company Limited
(“QHFSMI”) and Inner Mongolia Forest
Source Mining Industry Developing
Company Limited (“IMFSMI”) (Continued)
Transfer of exploration licence without the Company’s
knowledge, consent or approval
The Group acquired QHFSMI from Ms Leung in 2007.
QHFSMI was the holder of an exploration licence which
conferred QHFSMI the rights to conduct exploration
work for the mineral resources in the titanium mine
located at Xiao Hong Shan in Inner Mongolia, the
PRC. Based on the search conducted by the Group’s
legal advisers, the exploration licence was transferred,
without the Company’s knowledge, consent or
approval, to Yuen Xian Company in January 2010. Such
actions by Ms Leung were not expected in view of the
interim injunction order obtained by the Company,
details of which are set out in the sub-paragraph
headed “Disputes with Ms Leung” above. Without the
exploration licence, QHFSMI no longer has the rights
to, among other things, carry out exploration of the
mineral resources of the titanium mine, access to the
titanium mine and neighboring areas and has no priority
in obtaining the mining rights of the titanium mine.
As soon as the Group had discovered the loss of
QHFSMI’s exploration licence, the Group sought legal
advice. Given the discovery of the loss of significant
assets of QHFSMI, the Board was not able to maintain
controls over QHFSMI and IMFSMI by the Group. As a
consequence, the directors of the Company considered
that the Group no longer had the power over QHFSMI
and IMFSMI, exposure, or rights, to variable returns from
QHFSMI and IMFSMI and the ability to use its power to
affect those variable returns.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
16 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
2. 編製基準（續）
(iii) 不再將青海森源及內蒙古
森源綜合入賬
本集團無法取得青海森源及內蒙古
森源自二零一零年起之財務資料。
本公司董事認為，由二零一零年一
月一日起，本集團失去其對青海森
源及內蒙古森源之權力。因此，於
二零一零年一月一日起，青海森源
及內蒙古森源之財務資料不再綜合
入賬。不再將青海森源及內蒙古森
源綜合入賬之詳情載於本公司二零
一零年年報。
自二零一二年二月起，為使青海森
源以代價人民幣8,000,000元向源
森公司轉讓勘探牌照（「探礦權變
更協議」）一事無效，並將勘探牌
照歸還青海森源，本集團已入稟中
國多家法院。最終於二零一四年八
月，中國最高人民法院接納本公司
之指控，並於二零一五年四月，青
海省高級人民法院（「高級法院」）
判決（「最終判決」）探礦權變更協
議無效。
於二零一五年十二月，本公司接獲
梁女士向青海省人民檢察院（「青
海檢察院」）提出監督申請，尋求推
翻高級法院宣佈之最終判決。
於二零一六年三月，本公司接獲青
海檢察院發出之決定書，當中指出
(a)梁女士在監督中提出之理由不能
成立；(b)駁回梁女士對中國法律不
適用之論點；(c)確認探礦權變更協
議侵犯本公司全資附屬公司香港森
源礦業控股之合法權益；及(d)本集
團於中國投資之合法權益應受到中
國法律保護。
2. BASIS OF PREPARATION (Continued)
(iii) De-consolidating QHFSMI and IMFSMI
The Group has been unable to obtain the financial
information of QHFSMI and IMFSMI since 2010. The
directors of the Company consider that the Group had
lost its power over QHFSMI and IMFSMI with effect from
1 January 2010. Accordingly, the financial information
of QHFSMI and IMFSMI was de-consolidated with
effect from 1 January 2010. Details of de-consolidating
QHFSMI and IMFSMI are set out in the 2010 Annual
Report of the Company.
Since February 2012, the Group filed writs to the
courts in the PRC to invalidate the transfer of the
exploration licence from QHFSMI to Yuen Xian Company
at a consideration of RMB8,000,000 (the “Change
of Exploration Right Agreement”) and return the
exploration licence to QHFSMI. Finally, in August 2014,
the Supreme People’s Court of the PRC accepted the
Company’s allegations and in April 2015, the Higher
People’s Court of Qinghai Province (the “Higher Court”)
issued an order (the “Final Judgment”) that the Change
of Exploration Right Agreement was invalid.
In December 2015, the Company received the review
application filed by Ms Leung with Qinghai Province
People’s Procuratorate (“Qinghai Procuratorate”) for
seeking to reverse the Final Judgment handed down by
the Higher Court.
In March 2016, the Company received the final decision
letter from Qinghai Procuratorate which states that, (a)
the grounds raised by Ms Leung in the review cannot be
established; (b) Ms Leung’s argument of inapplicability
of the PRC law was rejected; (c) it was correctly decided
that the Change of Exploration Right Agreement was in
breach of the legal right of HKFSMIH, a wholly-owned
subsidiary of the Company; and (d) the legal right of
the Group’s investment in the PRC should be protected
under the PRC laws.
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
17能源國際投資控股有限公司‧二零一六年中期報告
2. 編製基準（續）
(iii) 不再將青海森源及內蒙古
森源綜合入賬（續）
本集團已就重獲其對青海森源及內
蒙古森源之控制權一事委聘中國律
師處理。董事認為，上述法律訴訟
對本集團的財務狀況及營運並無任
何嚴重影響，原因為本集團重獲對
青海森源及內蒙古森源之控制權一
事仍在進行中，而該等公司自二零
一零年起已不再綜合入賬。
3. 主要會計政策
此等未經審核簡明綜合中期財務報表應
與截至二零一五年十二月三十一日止年
度之全年財務報表一併閱覽。除下文所述
者外，未經審核簡明綜合中期財務報表採
用之會計政策及計算方法（「香港財務報
告準則」），與編製截至二零一五年十二月
三十一日止年度之全年財務報表所採納者
相同。
於本中期期間，本集團已首次應用以下由
香港會計師公會頒佈且於本集團二零一六
年一月一日開始財政年度生效之新訂或經
修訂準則、修訂本及詮釋。
香港財務報告準則之
修訂
香港財務報告準則
二零一二至二零
一四週期之年度
改進
香港財務報告準則
第11號之修訂
收購合營業務權益
之會計處理方法
香港會計準則第1號
之修訂
披露計劃
香港財務報告準則
第10號、香港財務
報告準則第12號及
香港會計準則
第28號之修訂
投資實體︰應用
綜合賬目的特殊
情況
2. BASIS OF PREPARATION (Continued)
(iii) De-consolidating QHFSMI and IMFSMI
(Continued)
The Group has appointed the PRC lawyers to handle
the matters in regaining its controlling power over
QHFSMI and IMFSMI. In the opinion of the directors,
the aforesaid legal proceedings have no material impact
on the financial position and operations of the Group
as the Group is still in the process of regaining the
controlling power over QHFSMI and IMFSMI which had
already been de-consolidated since 2010.
3. PRINCIPAL ACCOUNTING POLICIES
These unaudited condensed consolidated interim financial
statements should be read in conjunction with the annual
financial statements for the year ended 31 December 2015.
Except as described below, the accounting policies and
methods of computation used (the “HKFRSs”) in the unaudited
condensed consolidated interim financial statements are the
same as those followed in the preparation of the annual
financial statements for the year ended 31 December 2015.
In the current interim period, the Group has applied, for
the first time, the following new and revised, standards,
amendments and interpretations issued by the HKICPA, which
are effective for the Group’s financial year beginning on 1
January 2016.
Amendments to HKFRSs Annual improvements to HKFRSs
2012-2014 cycle
Amendments to HKFRS 11 Accounting for acquisitions of
interests in joint operations
Amendments to HKAS 1 Disclosure initiative
Amendments to HKFRS 10,
HKFRS 12 and HKAS 28
Investment entities: Applying the
consolidation exception
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
18 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
香港會計準則
第16號及香港會計
準則第38號之修訂
澄清折舊及攤銷的
可接納方法
香港會計準則
第16號及香港會計
準則第41號之修訂
農業︰生產性植物
香港會計準則
第27號之修訂
獨立財務報表之權
益法
香港財務報告準則
第14號
監管遞延賬戶
採納新訂及經修訂香港財務報告準則對當
前或過往會計期間之業績及財務狀況之編
製及呈列方式並無產生任何重大影響。因
此，毋須作出前期調整。
本集團並無於此等簡明綜合中期財務報表
中應用任何已頒佈但尚未生效之新訂及經
修訂香港財務報告準則。
Amendments to HKAS 16
and HKAS 38
Clarification of acceptable
methods of depreciation and
amortisation
Amendments to HKAS 16
and HKAS 41
Agriculture: Bearer plants
Amendments to HKAS 27 Equity method in separate
financial statements
HKFRS 14 Regulatory deferral accounts
The adoption of the new and revised HKFRSs had no material
effect on how the results and financial position for the current
or prior accounting periods have been prepared and presented.
Accordingly, no prior period adjustment has been required.
The Group has not applied any new and revised HKFRSs, which
have been issued but are not yet effective, in these condensed
consolidated interim financial statements.
3. PRINCIPAL ACCOUNTING POLICIES
(Continued)
3. 主要會計政策（續）
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
19能源國際投資控股有限公司‧二零一六年中期報告
4. 收益及其他收入
本集團主要業務產生之收益及其他收入確
認如下：
5. 分類資料
本集團已根據定期向本集團管理層匯報以
供決定分配資源至本集團業務分部及檢討
該等分部表現之內部財務資料，確立其營
運分類及編製分類資料。向本集團管理層
作出內部報告之業務分部，乃按照本集團
主要產品及服務種類釐定。本集團已確立
以下報告分類。
(a) 產油分類，指產油業務；
4. REVENUE AND OTHER INCOME
Revenue from the Group’s principal activities and other income
recognised are as follows:
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
二零一六年 二零一五年
HK$’000 HK$’000
千港元 千港元
Revenue 收益
Sale of crude oil 銷售原油 8,897 23,458
Supply of electricity and heat 熱電供應 11,856 31,363
20,753 54,821
Other income 其他收入
Bank interest income 銀行利息收入 50 32
Government grants 政府補助 – 1,001
Dividend income 股息收入 14 –
Sundry income 各項收入 335 –
399 1,033
5. SEGMENT INFORMATION
The Group has identified its operating segments and prepared
segment information based on the regular internal financial
information reported to management of the Group for their
decisions about resources allocation to the Group’s business
components and review of these components’ performance.
The business components in the internal report ing to
management of the Group are determined based on the
Group’s major product and service lines. The Group has
identified the following reportable segments.
(a) the Oil Production segment represents the business of
oil production;
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
20 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
5. 分類資料（續）
(b) 油品及液體化工品碼頭分類，指經
營油品及液體化工品碼頭、儲存及
物流設施業務；及
(c) 熱電供應分類，指熱電生產及供應
業務。
於截至二零一六年六月三十日止六個月，
並無分類間之出售及轉讓（截至二零一五
年六月三十日止六個月：無）。
5. SEGMENT INFORMATION (Continued)
(b) the Oil and Liquefied Chemical Terminal segment
represents the business of operation of oil and liquefied
chemical terminal, storage and logistics facilities; and
(c) the Supply of Electricity and Heat segment represents
the business of generation and supplying of electricity
and heat.
There was no inter-segment sale and transfer during the six
months period ended 30 June 2016 (six months ended 30 June
2015: Nil).
Oil Production
Oil and Liquefied
Chemical Terminal
Supply of Electricity
and Heat Total
產油 油品及液體化工品碼頭 熱電供應 總計
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
（未經審核） （未經審核） （未經審核） （未經審核）
Six months ended
30 June
Six months ended
30 June
Six months ended
30 June
Six months ended
30 June
截至六月三十日止六個月 截至六月三十日止六個月 截至六月三十日止六個月 截至六月三十日止六個月
2016 2015 2016 2015 2016 2015 2016 2015
二零一六年 二零一五年 二零一六年 二零一五年 二零一六年 二零一五年 二零一六年 二零一五年
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元
Reportable segment revenue: 報告分類收益：
From external customers 來自外間客戶 8,897 23,458 – – 11,856 31,363 20,753 54,821
Reportable segment (loss)/profit 報告分類（虧損）╱溢利 (13,935) (9,173) (6,937) – (19,378) (13,550) (40,250) (22,723)
Bank interest income 銀行利息收入 9 13 41 – – 19 50 32
Depreciation 折舊 4,634 7,752 233 – 14,809 13,391 19,676 21,143
Amortisation of prepaid land lease
payments
預付土地租賃款項攤銷
– – – – 328 345 328 345
Amortisation of intangible assets 無形資產攤銷 780 2,440 2,292 – – – 3,072 2,440
Reportable segment assets 報告分類資產 659,999 1,135,677 731,846 – 88,433 199,721 1,480,278 1,335,398
Additions to non-current segment
assets during the period
本期間非流動分類資產增加
449 857 201,118 – – – 201,567 857
Reportable segment liabilities 報告分類負債 305,053 401,921 369,231 – 105,028 95,499 779,312 497,420
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
21能源國際投資控股有限公司‧二零一六年中期報告
5. 分類資料（續）
就本集團營運分類所呈列之總金額與簡明
綜合財務報表中呈列的本集團主要財務數
字之對賬如下：
5. SEGMENT INFORMATION (Continued)
The totals presented for the Group’s operating segments
reconcile to the Group’s key financial figures as presented in
the condensed consolidated financial statements as follows:
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
二零一六年 二零一五年
HK$’000 HK$’000
千港元 千港元
Reportable segment loss 報告分類虧損 (40,250) (22,723)
Finance costs 財務成本 (14,701) (4,672)
Other unallocated income 其他未分配收入 – –
Other unallocated expenses 其他未分配開支 (15,957) (5,470)
Consolidated loss before income tax 除所得稅前綜合虧損 (70,908) (32,865)
(Unaudited) (Audited)
（未經審核） （經審核）
30 June 31 December
2016 2015
二零一六年 二零一五年
六月三十日 十二月三十一日
HK$’000 HK$’000
千港元 千港元
Reportable segment assets 報告分類資產 1,480,278 1,359,063
Property, plant and equipment 物業、廠房及設備 58 59
Cash at banks and in hand 銀行結存及手頭現金 51,029 96,249
Other corporate assets 其他企業資產 19,650 55,455
Group assets 本集團資產 1,551,015 1,510,826
Reportable segment liabilities 報告分類負債 779,312 665,438
Convertible bonds 可換股債券 153,062 141,450
Other corporate liabilities 其他企業負債 9,692 16,727
Group liabilities 本集團負債 942,066 823,615
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
22 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
5. 分類資料（續）
所有來自外間客戶之收益均位於中國（居
籍）。客戶所在地區乃根據所交付貨品之
地區劃分。由於大部份非流動資產實際位
於中國，因此並無呈列非流動資產所在地
區。
來自主要客戶之收益如下：
5. SEGMENT INFORMATION (Continued)
All revenue from external customers are located in the PRC
(domicile). Geographical location of customers is based on the
location at which the goods are delivered. No geographical
location of non-current assets is presented as substantial non-
current assets are physically based in the PRC.
Revenue from the major customers is as follows:
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
二零一六年 二零一五年
HK$’000 HK$’000
千港元 千港元
Customer A (derived from
the Oil Production segment)
客戶A（來源於生產石油分類）
8,897 23,458
Customer B (derived from the
Supply of Electricity and Heat segment)
客戶B（來源於熱電供應分類）
11,856 13,934
20,753 37,392
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
23能源國際投資控股有限公司‧二零一六年中期報告
6. 財務成本
資本化之融資成本指本公司一間附屬公司
於本期間將借貸資金特定用於投資油品及
液體化工品碼頭分類所產生之借貸成本。
6. FINANCE COSTS
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
二零一六年 二零一五年
HK$’000 HK$’000
千港元 千港元
Imputed interest on convertible bonds 可換股債券之推算利息 11,612 –
Imputed interest on bank and
other borrowings and amounts due
to non-controlling shareholders
due within one year
一年內到期之銀行及其他借款及
應付非控股股東款項之推算利息
6,521 2,680
Imputed interest on non-current
borrowings
非流動借貸之推算利息
538 1,989
Others 其他 1 3
18,672 4,672
Less: amounts capitalised
in construction in progress
減：在建工程內資本化之款項
(3,971) –
14,701 4,672
The captialised finance costs represent the borrowing costs
incurred by a subsidiary of the Company on borrowings,
whose funds were specifically invested in the Oil and Liquefied
Chemical Terminal segment during the Period.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
24 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
7. 除所得稅前虧損
除所得稅前虧損已扣除以下各項：
* 折舊開支約18,584 ,000港元（截至
二零一五年六月三十日止六個月：
18,863,000港元）及約1,102,000港元
（截至二零一五年六月三十日止六個
月：2,294,000港元）已分別計入銷售成
本及行政開支。
** 該項目計入簡明綜合損益表之「其他經
營開支」。
7. LOSS BEFORE INCOME TAX
Loss before income tax is arrived at after charging the
following:
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
二零一六年 二零一五年
HK$’000 HK$’000
千港元 千港元
Cost of inventories recognised as expense 確認為開支之存貨成本 8,463 22,669
Depreciation* 折舊* 19,686 21,157
Amortisation of prepaid land lease
payments
預付土地租賃款項攤銷
328 345
Amortisation of intangible assets** 無形資產攤銷** 3,072 2,440
Operating lease charges on land and
buildings
土地及樓宇之經營租約費用
2,753 1,879
Employee costs, including directors’
emoluments
僱員成本，包括董事酬金
9,822 14,294
Fair value loss on financial assets
at fair value through profit or loss**
按公平值計入損益之財務資產之
公平值虧損** 7,894 –
* Depreciation expenses of approximately HK$18,584,000
(six months ended 30 June 2015: HK$18,863,000) and
approximately HK$1,102,000 (six months ended 30 June
2015: HK$2,294,000) were included in cost of sales and
administrative expenses respectively.
** This item is included in “Other operating expenses” on the face
of the condensed consolidated income statement.
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
25能源國際投資控股有限公司‧二零一六年中期報告
8. 所得稅抵免
由於本集團於兩段期間均無在香港產生或
源自香港之估計應課稅溢利，故並無就香
港利得稅作出撥備。
本期間，本公司中國附屬公司須按25%
（截至二零一五年六月三十日止六個月：
25%）之稅率繳納中國企業所得稅。
9. 股息
董事會不建議就本期間派付任何中期股息
（截至二零一五年六月三十日止六個月：
無）。
8. INCOME TAX CREDIT
No Hong Kong profits tax has been provided as the Group had
no estimated assessable profits arising in or derived from Hong
Kong for both periods.
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
二零一六年 二零一五年
HK$’000 HK$’000
千港元 千港元
Current tax – the PRC 當期稅項－中國 1 (708)
Deferred tax – the PRC 遞延稅項－中國 (716) (606)
Income tax credit 所得稅抵免 (715) (1,314)
Subsidiaries of the Company in the PRC are subject to PRC
enterprise income tax at the tax rate of 25% for the Period (six
months ended 30 June 2015: 25%).
9. DIVIDENDS
The Board did not recommend any payment of interim
dividends for the Period (six months ended 30 June 2015: Nil).
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
26 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
10. 每股虧損
本公司擁有人應佔每股基本虧損乃根據以
下數據計算：
本期間，由於未兌換之可換股債券對所呈
列之每股基本虧損金額具有反攤薄影響，
並無就攤薄呈列之每股基本虧損金額作出
調整。
截至二零一五年六月三十日止六個月，並
無已發行任何潛在攤薄普通股。
10. LOSS PER SHARE
The calculations of basic loss per share attributable to the
owners of the Company are based on the following data:
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
二零一六年 二零一五年
HK$’000 HK$’000
千港元 千港元
Loss for the period attributable to
the owners of the Company
for the purpose of basic loss per share
用以計算每股基本虧損之
本公司擁有人應佔本期間虧損
(59,042) (24,624)
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
二零一六年 二零一五年
’000 ’000
千股 千股
Number of shares 股份數目
Weighted average number of
ordinary shares for the purpose of
basic loss per share
用以計算每股基本虧損之
普通股加權平均數
3,834,905 2,806,023
For the Period, no adjustment has been made to the basic loss
per share amount presented in respect of a dilution as the
impact of the convertible bond outstanding had an anti-dilutive
effect on the basic loss per share amount presented.
For the six months ended 30 June 2015, there were no
potential dilutive ordinary shares in issue.
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
27能源國際投資控股有限公司‧二零一六年中期報告
11. 物業、廠房及設備
截至二零一六年六月三十日止六個月，
本集團收購物業、廠房及設備的成本為約
201,576,000港元（截至二零一五年六月
三十日止六個月：857,000港元）。
12. 應收貿易賬項及票據
本集團一般給予已建立關係之客戶30日至
120日（二零一五年十二月三十一日：30日
至120日）之貿易信貸期。每個客戶設有信
貸上限。每個客戶設有信貸上限。就若干
已建立長期關係且具有良好還款記錄的客
戶而言，可能授出較長的信貸期。應收貿
易賬項及票據並不計息。
應收貿易賬項及票據根據發票日期之賬齡
分析如下：
於二零一六年六月三十日及二零一五年
十二月三十一日，並無應收貿易賬項及票
據個別被釐定為已減值。本集團並無就該
等結餘持有任何抵押品。
11. PROPERTY, PLANT AND EQUIPMENT
During the six months ended 30 June 2016, the Group acquired
property, plant and equipment at cost of approximately
HK$201,576,000 ( s i x months ended 30 June 2015:
HK$857,000).
12. TRADE AND BILLS RECEIVABLES
The Group normally allows trading credit terms ranging from
30 to 120 days (31 December 2015: 30 to 120 days) to its
established customers. Each customer has a maximum credit
limit. For certain customers with long established relationship
and good past repayment history, a longer credit period may be
granted. Trade and bills receivables are non-interest bearing.
Ageing analysis of trade and bills receivables, based on the
invoice date, is as follows:
(Unaudited) (Audited)
（未經審核） （經審核）
30 June 31 December
2016 2015
二零一六年 二零一五年
六月三十日 十二月三十一日
HK$’000 HK$’000
千港元 千港元
1 – 90 days 1 – 90日 17,842 13,600
91 – 120 days 91 – 120日 541 –
121 – 365 days 121 – 365日 83 12,463
Over 365 days 365日以上 13,686 8,022
32,152 34,085
At 30 June 2016 and 31 December 2015, there were no trade
and bills receivables that were individually determined to be
impaired. The Group did not hold any collateral over these
balances.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
28 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
12. 應收貿易賬項及票據（續）
已逾期但未減值之應收貿易賬項及票據之
賬齡分析如下：
於二零一六年六月三十日，18,383,000港
元應收貿易賬項及票據（二零一五年十二
月三十一日：13,600,000港元）並無逾期
及減值。該等賬項乃與近期無違約記錄之
多名客戶有關。
已逾期惟尚未減值之應收貿易賬項及票
據，與多名客戶有關，該等客戶於本集團之
過往信貸紀錄良好。根據過往信貸紀錄，
由於信貸質素並無重大變動且該等結餘仍
被視作可悉數收回，因此管理層相信，毋
須為該等結餘計提減值撥備。本集團並無
就該等結餘持有任何抵押品。
12. TRADE AND BILLS RECEIVABLES (Continued)
Ageing analysis of trade and bills receivables that are past due
but not impaired is as follows:
(Unaudited) (Audited)
（未經審核） （經審核）
30 June 31 December
2016 2015
二零一六年 二零一五年
六月三十日 十二月三十一日
HK$’000 HK$’000
千港元 千港元
1 – 60 days past due but not impaired 逾期1至60日但並未減值 – –
Over 60 days past due but not impaired 逾期60日以上但並未減值 13,769 20,485
13,769 20,485
As a t 30 June 2016, t rade and b i l l s rece i vab les o f
HK$18,383,000 (31 December 2015: HK$13,600,000) were
neither past due nor impaired. These related to different
customers for whom there was no recent history of default.
Trade and bills receivables that were past due but not
impaired related to several customers that had a good track
record of credit with the Group. Based on past credit history,
management believes that no impairment al lowance is
necessary in respect of these balances as there has not been a
significant change in credit quality and the balances were still
considered to be fully recoverable. The Group did not hold any
collateral in respect of these balances.
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
29能源國際投資控股有限公司‧二零一六年中期報告
13. TRADE AND BILLS PAYABLES
Trade and bills payables are non-interest bearing and are
normally settled on 60 days (31 December 2015: 60 days)
terms. Ageing analysis of trade and bills payables, based on the
invoice date, is as follows:
(Unaudited) (Audited)
（未經審核） （經審核）
30 June 31 December
2016 2015
二零一六年 二零一五年
六月三十日 十二月三十一日
HK$’000 HK$’000
千港元 千港元
1 – 90 days 1 – 90日 1,805 3,164
91 – 120 days 91 – 120日 233 –
121 – 365 days 121 – 365日 1,170 5,218
Over 365 days 365日以上 7,619 2,790
10,827 11,172
13. 應付貿易賬項及票據
應付貿易賬項及票據為免息及通常於60日
（截至二零一五年六月三十日止六個月：
60日）內結算。應付貿易賬項及票據根據
發票日期之賬齡分析如下：
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
30 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
14. 其他借款
(i) 該等貸款為免息且初步同意於二零
一六年七月償還。
(ii) 該等貸款為無抵押、按年利率15%
計息且須於二零一六年十一月償
還。
(iii) 該等貸款為無抵押、按年利率5%
計息且須於二零一六年十二月償
還。
(iv) 該等貸款為免息，並須於二零一七
年七月償還。
14. OTHER BORROWINGS
(Unaudited) (Audited)
（未經審核） （經審核）
30 June 31 December
2016 2015
二零一六年 二零一五年
六月三十日 十二月三十一日
HK$’000 HK$’000
千港元 千港元
Current: 流動：
Obtained from the independent
third parties:
取自獨立第三方：
Loan B, unsecured (note (i)) 貸款B，無抵押（附註(i)） 5,520 5,682
Loan C, unsecured (note (i)) 貸款C，無抵押（附註(i)） 990 1,107
Loan D, unsecured (note (i)) 貸款D，無抵押（附註(i)） 15,107 15,734
Loan E, unsecured (note (i)) 貸款E，無抵押（附註(i)） 1,542 1,670
Loan F, unsecured (note (i)) 貸款F，無抵押（附註(i)） 1,312 1,584
Loan G, unsecured (note (i)) 貸款G，無抵押（附註(i)） 3,888 4,195
Loan H, unsecured (note (ii)) 貸款H，無抵押（附註(ii)） 34,800 –
Loan I, unsecured (note (iii)) 貸款 I，無抵押（附註(iii)） 29,458 –
92,617 29,972
Non-current: 非流動：
Obtained from the independent
third parties:
取自獨立第三方：
Loan J, unsecured (note (iv)) 貸款J，無抵押（附註(iv)） 9,932 9,675
Loan K, unsecured (note (iv)) 貸款K，無抵押（附註(iv)） 2,810 2,858
12,742 12,533
(i) These loans were interest-free and were originally
agreed to be repaid in July 2016.
(ii) The loan is unsecured, bears interest rate of 15% per
annum and repayable in November 2016.
(iii) The loan is unsecured, bears interest rate of 5% per
annum and repayable in December 2016.
(iv) These loans are interest-free and repayable in July 2017.
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
31能源國際投資控股有限公司‧二零一六年中期報告
15. 股本
16. 經營租約承擔
於二零一六年六月三十日，本集團於下列
年期內屆滿之不可撤銷經營租約之未來最
少租賃付款總額如下：
15. SHARE CAPITAL
Number of
shares Amount
股份數目 金額
‘000 HK$‘000
千股 千港元
Authorised: 法定：
Ordinary shares of HK$ each: 每股面值港元之普通股：
At 31 December 2015 and
30 June 2016
於二零一五年十二月三十一日及
二零一六年六月三十日 5,000,000 500,000
Issued and fully paid: 已發行及繳足：
Ordinary shares of HK$ each: 每股面值港元之普通股：
At 31 December 2015 and
30 June 2016
於二零一五年十二月三十一日及
二零一六年六月三十日 3,049,705 304,970
16. OPERATING LEASE COMMITMENTS
At 30 June 2016, the Group had total future minimum lease
payments under non-cancellable operating lease falling due as
follows:
(Unaudited) (Audited)
（未經審核） （經審核）
30 June 31 December
2016 2015
二零一六年 二零一五年
六月三十日 十二月三十一日
HK$’000 HK$’000
千港元 千港元
Within one year 一年內 4,549 3,469
In the second to fifth years, inclusive 第二年至第五年（包括首尾兩年） 4,672 6,440
After five years 五年後 461 542
9,682 10,451
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
32 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
16. 經營租約承擔（續）
本集團根據經營租約租用若干租賃土地及
樓宇。該等租約初步為期一至十二年（二
零一五年十二月三十一日︰三個月至十二
年），可於到期日或本集團與有關業主╱
出租人共同商定之日期選擇續租及重訂租
約條款。該等租約不包括或然租金。
17. 資本及其他承擔
16. OPERATING LEASE COMMITMENTS
(Continued)
The Group leases certain leasehold land and buildings under
operating leases. The leases run for an initial period of one
to twelve years (31 December 2015: three months to twelve
years), with an option to renew the lease and renegotiate the
terms at expiry date or at dates as mutually agreed between
the Group and respective landlords/lessors. None of the leases
includes contingent rentals.
17. CAPITAL AND OTHER COMMITMENTS
(Unaudited) (Audited)
（未經審核） （經審核）
30 June 31 December
2016 2015
二零一六年 二零一五年
六月三十日 十二月三十一日
HK$’000 HK$’000
千港元 千港元
Capital commitments for acquisition of
property, plant and equipment
收購物業、廠房及設備之資本承擔
739 752
Capital commitments for construction
cost of oil and liquefied chemical
terminal
油品及液體化工品碼頭建築
成本之資本承擔
324,569 587,704
Other commitments in respect of
administrative fees and training fees
就管理費及培訓費之其他承擔
49,843 50,622
375,151 639,078
Energy International Investments Holdings Limited • Interim Report 2016
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
簡明綜合財務報表附註
For the six months ended 30 June 2016 截至二零一六年六月三十日止六個月
33能源國際投資控股有限公司‧二零一六年中期報告
18. 關連人士交易
除未經審核簡明綜合中期財務報表他處所
披露與關連人士進行之交易外，本集團期
內與關連人士進行之重大交易如下：
主要管理人員之補償
18. RELATED PARTY TRANSACTIONS
Apart from the transactions with related parties disclosed
elsewhere in these unaudited condensed consolidated interim
financial statements, the Group had the following material
transactions with its related parties during the period:
Compensation of key management
personnel
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
二零一六年 二零一五年
HK$’000 HK$’000
千港元 千港元
Short-term employee benefits 短期僱員福利 1,083 1,309
Contribution to retirement
benefit scheme
退休福利計劃之供款
9 –
1,092 1,309
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
34 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
業務回顧
於本期間，本集團錄得收益約為21,000,000
港元（截至二零一五年六月三十日止六個月：
55,000,000港元）。本集團之收益來自產油分類及
熱電供應分類。
於 本 期 間，本 公 司 擁 有 人 應 佔 虧 損 約 為
59,000,000港元（截至二零一五年六月三十日止
六個月：25,000,000港元）。相較去年同期，本集
團之虧損增加約為34,000,000港元。
發電及供熱業務
於本期間，山西中凱集團靈石錄得收益約為
12,000,000港元（截至二零一五年六月三十日止
六個月：31,000,000港元），較去年同期減少約
61%。收益下跌主要乃由於本期間用電量減少以
及概無供應熱能所致。由於下文詳述之該通知，
本公司繼續向政府機關及當地客戶供電，但規模
有所縮減。預期在與當地政府達成磋商結果或協
議前，將維持小規模供電業務。
熱電供應分類錄得虧損約19,000,000港元（截至
二零一五年六月三十日止六個月：14,000,000港
元）。虧損增加主要由於下文詳述之該通知導致本
期間並無供應熱能及供電量縮小所致。上述情況
令本集團的供電分類錄得毛損。
山西中凱集團靈石接獲一封由靈石縣人民政府
（「靈石政府」）發出日期為二零一五年四月二十三
日的通知（「該通知」）。於該通知內，靈石政府以
環保和減排為由指令山西中凱集團靈石於二零
一五年六月三十日前關閉其兩台發電機組（「發電
廠」）的營運（「關閉發電廠」）。
BUSINESS REVIEW
For the Period, the Group’s record revenue was approximately HK$21
million (six months ended 30 June 2015: HK$55 million). The Group’s
revenue is contributed from the Oil Production segment and the Supply
of Electricity and Heat segment.
The loss attributable to the owners of the Company for the Period was
approximately HK$59 million (six months ended 30 June 2015: HK$25
million). The loss of the Group has increased by approximately HK$34
million as compared to the last corresponding period.
ELECTRICITY AND HEAT BUSINESS
For the Period, Shanxi Zhong Kai Group Lingshi generated revenue
of approximately HK$12 million (six months ended 30 June 2015:
HK$31 million), a decrease of approximately 61% as compared to the
last corresponding period. The decrease in revenue was mainly due
to the decrease in electricity consumption and there was no supply of
heat energy during the Period. Due to the Notice as further explained
below, the supply of electricity to both government authority and local
customers continued but with a smaller scale. It is expected that such
small scale of supply of electricity will continue until the negotiation
with the local government comes to a conclusion or agreement.
The Supply of Electricity and Heat segment recorded a loss of
approximately HK$19 million (six months ended 30 June 2015: HK$14
million). The increase in loss was mainly due to the notice as further
explained below which resulted in no supply of heat energy and
smaller scale supply of electricity during the Period. The above led to a
gross loss on the Group’s electricity supply segment.
Shanxi Zhong Kai Group Lingshi received a notice issued by the
People’s Government of Lingshi County (the “Lingshi Government”)
dated 23 April 2015 (the “Notice”). In the Notice, the Lingshi
Government ordered Shanxi Zhong Kai Group Lingshi to shut down the
operations of its 2 sets of power generating units (the “Power Plant”)
before 30 June 2015, for the purposes of anti-pollution and emission
reduction (the “Shutdown”).
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
Energy International Investments Holdings Limited • Interim Report 2016
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
35能源國際投資控股有限公司‧二零一六年中期報告
The Company has instructed the management of Shanxi Zhong Kai
Group Lingshi and the legal advisers in the PRC to negotiate with the
Lingshi Government and to advise the Company on the implications
arising from the Shutdown. In the meantime, the Company has also
been in discussions with 山西中凱實業集團有限公司 (Shanxi Zhong
Kai Group Limited) (the “JV Partner”), our 40% joint venture partner
in Shanxi Zhong Kai Group Lingshi, as to the appropriate actions in
response to the Notice. These negotiations and discussions are ongoing
and the Company has yet to come to a conclusion or agreement with
the JV Partner and the Lingshi Government.
OIL BUSINESS
In the first half of 2016, global economic recovery was slow and
operation environment has been impacted by the recent “Brexit” vote.
The growth rate of the Chinese economy was also slow. The demand
in the petroleum market was weak and the international crude oil
price continued to fluctuate at a low level, especially during January
and February 2016. In the face of the complicated and harsh economic
environment, the Group focused on lowering the costs and enhancing
efficiency, and maintaining steady production and operations as a
whole.
For the Period, we have extracted approximately 5,383 metric tonnes
(six months ended 30 June 2015: 9,518 metric tonnes) of oil.
It is not cost effective to drill production well at the current low
oil price environment. Our technician has been analysing the data
received from existing extraction activities in order to determine if
new extraction method should be deployed to save cost. We are still
negotiating with technical department of our partner, CNPC, and other
local expertise in this study.
In the first half of 2016, the oil production of the Group achieved a
turnover of approximately HK$9 million (six month ended 30 June
2015: HK$23 million), representing a decrease of 61% as compared
with last corresponding period. This was primarily due to the combined
impact of the decrease in both the selling price and the sales volume of
crude oil.
本公司已指示山西中凱集團靈石的管理層及中國
法律顧問與靈石政府進行磋商，以及就關閉發電
廠一事的影響對本公司作出建議。與此同時，本
公司亦正在與山西中凱實業集團有限公司（英文
名稱為Shanxi Zhong Kai Group Limited*）（「合
營夥伴」，擁有山西中凱集團靈石另外40%權益）
就應對該通知的適當行動進行討論。有關磋商和
討論仍在進行，本公司尚未與合營夥伴及靈石政
府達成任何結論或協議。
石油業務
於二零一六年上半年，全球經濟復甦緩慢，營商環
境遭受近期英國退出歐盟公投之影響。中國之經
濟增長率亦放緩。石油市場需求疲弱，國際原油
價格持續在低位徘徊，二零一六年一月及二月情
況尤甚。面對著複雜而艱困之經濟環境，本集團
專注於節本增效，令整體生產及營運維持穩定。
本期間，我們已開採約5,383公噸石油（截至二零
一五年六月三十日止六個月：9,518公噸）。
鑒於當前油價低企，鑽探生產井並不具經濟效益。
本集團技術人員一直分析從現有開採活動收集得
來的數據，以釐定是否應採用嶄新方法開採以節
省成本。我們仍與合作夥伴中國石油天然氣集團
公司的技術部人員，以及國內其他油井開採專家
進行磋商。
於二零一六年上半年，本集團石油生產業務錄得
之營業額約為9,000,000港元（截至二零一五年六
月三十日止六個月：23,000,000港元），較去年同
期下跌61%，主要由於原油售價及銷量雙雙下降
的綜合影響所致。
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
36 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
石油業務之經營業績及所涉之成本詳列如下。
經營業績
油田及石油儲量資料
根據松遼協議，中國年代同意提供資金及應用其
適當及先進之技術（包括但不限於外國油田使用
及採用之先進鑽井技術（此技術可大幅提高油井
之生產量）、先進之地質分析方法及外國油田採用
之先進管理方法）及管理經驗，與中國石油天然氣
集團公司合作在有關合約區內開發及生產石油資
源。
松遼協議之目標為在有關合約區內開發經證實具
商業價值之石油發現及生產石油，以達致中國石油
天然氣集團公司與中國年代預期之合作目標。中
國年代將應用其適當及先進之技術及管理經驗，
並指派其具合適能力之專家進行石油營運。於進
行石油營運時，中國年代將向中國石油天然氣集
團公司之人員轉移其技術，並向有關中國石油天
然氣集團公司之人員提供培訓。中國年代將承擔
評估營運及開發營運所需之全部成本。
The results from operations and costs incurred in oil business are
detailed as below.
Results from operations
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2016 2015
HK$’000 HK$’000
二零一六年 二零一五年
千港元 千港元
Net sales to customers 客戶銷售淨額 8,897 23,458
Other income 其他收入 9 13
Operating expenses 經營開支 (18,207) (24,892)
Depreciation 折舊 (4,634) (7,752)
Special petroleum revenue tax 石油特別收益稅 – –
Results from operations before income tax 除所得稅前經營業績 (13,935) (9,173)
Information of oil field and oil reserves
Pursuant to the Songliao Contract, China Era agreed to provide funds
and apply its appropriate and advanced technology (including, but
not limited to, the advanced well-drilling technique which is practiced
and adopted in foreign oil fields and which may substantially increase
the production capacity of the wells, the advanced geological analysis
practice and advanced managerial practices as adopted by foreign
oil fields) and managerial experience to cooperate with CNPC for
the development and production of petroleum resources within the
relevant contract area.
The objective of the Songliao Contract is to develop the petroleum
discovery with proved commercial value within the relevant contract
area and to produce the petroleum to arrive at the cooperative targets
expected by CNPC and China Era. China Era shall apply its appropriate
and advanced technology and managerial experience and assign its
competent experts to perform the petroleum operations. During the
performance of the petroleum operations, China Era shall transfer its
technology to the CNPC personnel and provide training to such CNPC
personnel. China Era shall bear all costs required for the evaluation
operations and development operations.
Energy International Investments Holdings Limited • Interim Report 2016
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
37能源國際投資控股有限公司‧二零一六年中期報告
根據松遼協議，於目標油田開始生產石油之日期
後，中國石油天然氣集團公司所產生之合約前成
本及評估費用應自收回成本油中以實物收回。
中國石油天然氣集團公司及中國年代已委任相同
人數之代表組成共同管理委員會，以妥善履行松
遼協議之營運責任。
生產期已於二零一一年開始，將為期二十年，可經
中國國務院授權之部門或單位批准延長。於生產
期內，將就於有關合約區任何有關油田之生產石
油進行與生產有關之營運及一切活動，如採出、
注入、增產、處理、儲存、運輸、提取及廢棄等。
原油年產量經扣除支付增值稅、礦區使用費、營運
成本、投資收回及額外開發項目成本後，將按比
例分配予中國石油天然氣集團公司及中國年代，
其中中國石油天然氣集團公司佔51%而中國年代
則佔49%。
儲量評估乃根據國際認可的儲量準則及指引
《Petroleum Resources Management System》進
行，有關詳情載於本公司日期為二零一零年十月
十一日之通函附錄九所述之技術報告內。有關假
設與過往於技術報告內所披露者相比並無任何重
大變動。
Pursuant to the Songliao Contract after the date of commencement of
production of oil in the target oil field, the pre-contract costs incurred
by CNPC and the evaluation costs shall be recovered in kind out of cost
recovery oil.
CNPC and China Era have appointed an equa l number of
representatives to form the Joint Management Committee for proper
performance of the operations of the Songliao Contract.
The production period was commenced in 2011 and will continue for
20 years, which may be extended with the approval of a department or
unit authorised by the State Council of the PRC. During the production
period, operations and all activities related thereto carried out for
petroleum production of any relevant oil field in the relevant contract
area, such as extraction, injection, stimulation, treatment, storage,
transportation, lifting and abandonment, etc will be carried out.
The annual production of crude oil, after payment for value added tax,
royalty, operating costs, investment recovery and costs for additional
development projects, shall be allocated to CNPC and China Era in
proportion of 51% for CNPC and 49% for China Era.
The reserve evaluation was conducted in accordance with Petroleum
Resources Management System, an internationally recognised reserve
standards and guideline, the details of information were set out in
Appendix IX of the Technical Report as referred to the Company’s
circular dated 11 October 2010. There are no any material change
of assumption as compared with previous disclosed in the Technical
Report.
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
38 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
碼頭、儲存及物流業務
截至二零一五年年底，本集團已向山東順東港務
有限公司（「山東順東」）注資人民幣115,000,000
元（相當於約136,000,000港元），以取得山東順
東51%股權。於二零一六年六月三十日，山東順
東已大致上完成東營港土地之形成陸域及填海工
程，並就建設立式儲罐及球罐獲得許可證及牌照，
儲存液體化工產品總容量為348,000立方米。本期
間，山東順東正在建設化工船碼頭，設計年吞吐
總量不少於3,600,000公噸。設施施工及相關許可
及牌照之申請預期於二零一六年年底或二零一七
年年初完成，並預期於二零一七年年中之前開始
營運。
未來規劃及展望
(i) 發電及供熱業務
就於二零一五年四月接獲的關閉發電廠的
該通知，本公司傾向遵從靈石政府頒佈的
關閉命令，惟亦關注到（其中包括）發電廠
工作人員的崗位以及本集團由於關閉發電
廠所招致的經濟損害。本公司現時預期，
倘若發電廠永久關閉而無任何補救方案，
則本集團將不僅招致重大損失，更會被逼
全面終止其熱電供應分類的營運。
於二零一五年十二月三十日，本公司之全
資附屬公司寶穎有限公司與獨立第三方訂
立買賣協議，買方已有條件地同意收購、
而寶穎有限公司亦已有條件地同意出售山
西中凱集團靈石之直接控股公司昇暉有限
公司之股份及待售貸款。就出售及購買待
售股份及待售貸款之代價為1,500,000港
元（可予調整）。
TERMINAL, STORAGE AND LOGISTICS
BUSINESS
By end of 2015, the Group has injected RMB115 million (equivalent
to approximately HK$136 million) to Shandong Shundong Port
Services Company Limited（山東順東港務有限公司）(“Shandong
Shundong”) to obtain 51% equity interest in Shandong Shundong.
As at 30 June 2016, Shandong Shundong has substantially completed
the land forming and reclamation construction of land in Dongying
Port, and obtained permits and licenses in respect of the construction
of vertical liquid storage tanks and liquid storage speres with total
storage capacity of 348,000 cubic metres of liquid chemicals. During
the Period, Shandong Shundong is in the process of constructing the
chemical tankers with total designed annual throughput capacity of
not less than million metric tonnes.
FUTURE PLAN AND PROSPECTS
(i) Electricity and heat business
Regarding the Notice of the Shutdown received in April 2015,
the Company is inclined to obey the shutdown order from the
Lingshi Government, but is concerned as to, amongst other
things, the employment of the workforce at the Power Plant
and the economic damages suffered by the Group as a result
of the Shutdown. The Company currently expects that, if the
Power Plant is shut down permanently and no remedial plan is
available to us, the Group will not only suffer significant loss
but will also be forced to terminate the operations of its Supply
of Heat and Electricity segment entirely.
On 30 December 2015, Precious New Limited, a wholly-owned
subsidiary of the Company, has entered into the sale and
purchase agreement with an independent third party who has
conditionally agreed to acquire and Precious New Limited has
conditionally agreed to sell its shares in Sunlight Rise Limited,
intermediate holding company of Shanxi Zhong Kai Group
Lingshi, and the sale loan. The consideration for the sale and
purchase of the sale shares and the sale loan is HK$1,500,000
(subject to adjustment).
Energy International Investments Holdings Limited • Interim Report 2016
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
39能源國際投資控股有限公司‧二零一六年中期報告
鑑於山西中凱集團靈石未來須關閉電廠及
終止其兩組發電機組的營運，昇暉有限公
司及其附屬公司（「出售集團」）將完全沒
有營運，故不太可能向出售集團收回待售
貸款。出售集團將沒有價值，而本公司須
將出售集團之大部份資產撇銷。出售事項
將讓本集團可變現其於出售集團之投資。
而憑藉代價機制以外的可能調整機制，本
集團將能分成中國政府當局、組織、實體
及╱或個人向山西中凱集團靈石（或其代
名人）進一步發放之任何補償。董事會認
為，按代價（可予調整）出售待售股份及待
售貸款誠屬公平合理。此外，一筆由一間中
國持牌銀行向山西中凱集團靈石提供之人
民幣35,000,000元銀行貸款已於二零一五
年十二月二十九日到期。於本報告日期，山
西中凱集團靈石尚未重續上述銀行貸款。
在此情況下，山西中凱集團靈石需償還上
述銀行貸款，而本公司可能須向出售集團
額外注資以供其營運。藉著出售事項，本公
司毋須再進一步向出售集團承擔資本投資
供一般維持出售集團，同時減低中國政府
日後可能頒佈之任何通知所造成之影響，
其可能增加維持出售集團之成本。於出售
事項完成時，本集團將得以降低其資本負
債水平，同時精簡其業務，可專注於預期
能為本集團帶來穩定收入及具備更高增長
潛力及盈利能力的產油業務及碼頭、儲存
及物流設施的發展。
In view that Shanxi Zhong Kai Group Lingshi has to close down
the factory and shut down the operations of two of its power
generating units in the future and thereafter, Sunlight Rise
Limited and its subsidiaries (the “Disposed Group”) will have
no operation at all and the unlikelihood of recovering the sale
loan from the Disposed Group is in doubt. The Disposed Group
will be of no value and the Company has to write-off most of
the assets in the Disposed Group. The disposal will allow the
Group to realise its investment in the Disposed Group. Further
with the possible adjustment mechanism to the consideration
mechanism in place, the Group will be able to share any future
compensation given out by the PRC government authorities,
organisations, entities and/or individuals to Shanxi Zhong
Kai Group Lingshi (or its nominee). The Board considers
that disposal of the sale shares and the sale loan at the
consideration (subject to adjustment) is fair and reasonable. In
addition, a bank loan in the sum of RMB35,000,000 advanced
by a PRC licensed bank to Shanxi Zhong Kai Group Lingshi had
expired on 29 December 2015. As at the date of this report,
Shanxi Zhong Kai Group Lingshi has not yet renewed the said
bank loan. Under the circumstances, Shanxi Zhong Kai Group
Lingshi needs to repay the said bank loan and the Company
may have to inject further capital to the Disposed Group for
its operation. Through the disposal, the Company does not
need to commit further capital investment to the Disposed
Group for its general maintenance and reduce the impact of
any future notices that may be issued by the PRC government
which may increase the costs of maintaining the Disposed
Group. Upon completion of the disposal, the Group can lower
its gearing level and streamline its businesses and focus on the
oil production business and the development of the terminal,
storage and logistics facilities, which is expected to generate
stable income to the Group and is of high growth potential and
profitability.
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
40 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
(ii) 石油業務
於二零一六年，全球經濟復甦進度仍不明
朗。原油價格有望繼續於低位徘徊，但較
二零一五年將有所回升。繼二零一六年一
月及二月下挫後，原油價格近期呈上升趨
勢。相比二零一五年年底，按NYMEX WTI
計，國際原油價格近期錄得逾15%的升
幅。本集團將繼續改良提取技術，務求提
高整體產量。本集團將繼續專注於科學及
地質研究，加倍努力取得關鍵技術突破，
強化老區精細挖潛，大力推進油田之風險
勘探。
誠如本公司日期為二零一五年七月四日內
容有關由（其中包括）本公司等針對（其
中包括）收購本集團之產油業務（「兩井項
目」）之賣方及其他有關各方而提出之法律
程序之公佈所披露，由於該訴訟僅處於初
步階段，按照目前狀況，本集團傾向繼續
進行兩井項目之石油開採活動。董事會將
密切注視本集團在兩井項目下之產油業務
之營運及表現。
(iii) 碼頭、儲存及物流業務
山東順東擬於東營港提供一系列的液體
化工產品碼頭、儲存及物流服務（「港口項
目」），東營港是中國山東省地區性重要港
口，位於渤海灣海岸及山東省黃河三角洲
河岸。預期該項目可減少本集團對現有業
務之倚賴，並使本集團可進行業務多元化
發展及擴大其未來收入來源。
於碼頭及儲存設施興建完成且商業營運暫
定於二零一七年中旬或左右開始後，從長
遠角度看，預計港口項目會為本集團之收
益及盈利能力帶來積極貢獻。
(ii) Oil business
In 2016, the recovery of the global economy will remain highly
uncertain, The crude oil price is likely to continue to keep at
low levels but will be higher than that in 2015. Experienced
the drop in January and February 2016, the crude oil price
is in a growing trend recently. As compared to end of 2015,
according to NYMEX WTI, the current international crude oil
price records more than 15% growth. The Group will continue
to improve extraction techniques in order to increase the overall
efficiency. The Group will continue to place great emphasis on
its scientific and geological researches, increase efforts to make
breakthroughs on key techniques, strengthen the meticulous
exploration of mature oil field, actively push forward venture
exploration in oil field.
As disclosed in the Company’s announcement dated 4 July
2015 in relation to the legal proceedings brought by, inter
alia, the Company against, inter alia, the vendors of and
other parties relating to the acquisition of our oil production
business (the “Liangjing Project”). Since such litigation is only
in a preliminary stage, based on the prevailing situation, the
Group is inclined to continue the oil extraction activities in the
Liangjing Project. The Board will closely monitor the operations
and performance of the Group’s oil production business under
the Liangjing Project.
(iii) Terminal, storage and logistics business
Shandong Shundong is designed to provide a comprehensive
range of terminal, storage and logistics services for liquid
chemical products in Dongying Port, which is an important
regional port in Shandong Province, the PRC and is located on
the coastline of Bohai Bay and the banks of the Yellow River
Delta of Shandong Province (the “Port Project”). This project
is expected to reduce the Group’s reliance on the existing
businesses and enable the Group to diversify its businesses and
to broaden its source of revenue in the future.
Upon completion of the construction of the terminal and
storage facilities, and the commencement of commercial
operation tentatively scheduled to take place in or around mid-
2017, the Port Project is expected to contribute positively to the
Group’s revenue and profitability in the long run.
Energy International Investments Holdings Limited • Interim Report 2016
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
41能源國際投資控股有限公司‧二零一六年中期報告
流動資金及財務資源
於二零一六年六月三十日，本集團之資產淨值約為
609,000,000港元（二零一五年十二月三十一日：
687,000,000港元），而現金及銀行結餘總額則
約為67,000,000港元（二零一五年十二月三十一
日：238,000,000港元）。於二零一六年六月三十
日，本集團之流動資產總值約為273,000,000港
元（二零一五年十二月三十一日：396,000,000港
元）而流動負債總額則約為613,000,000港元（二
零一五年十二月三十一日：501,000,000港元）。
流動比率及資本負債比率
於二零一六年六月三十日，本集團之資產總值
約為1,551,000,000港元（二零一五年十二月
三十一日：1,511,000,000港元），負債總額約
為942,000,000港元（二零一五年十二月三十一
日：824,000,000港元），按負債總額除資產總值
計算，資本負債比率為（二零一五年十二月
三十一日：）。本集團於二零一六年六月三十
日之流動比率為（二零一五年十二月三十一
日：）。
外匯風險
本集團之買賣以人民幣及美元計值。本集團並無
使用衍生財務工具對沖其外匯風險。本集團定期
檢討其外匯風險，目前認為本集團並無承受重大
匯兌風險。
資產抵押
於二零一六年六月三十日，本集團之計息銀行借款
約為41,000,000港元（二零一五年十二月三十一
日：41,000,000港元）。本集團已就銀行借款抵押
銀行存款約為23,000,000港元（二零一五年十二
月三十一日：約為22,000港元）。
LIQUIDITY AND FINANCIAL RESOURCES
As at 30 June 2016, the net assets value of the Group is approximately
HK$609 million (31 December 2015: HK$687 million) and the
total cash and bank balances are approximately HK$67 million (31
December 2015: HK$238 million). As at 30 June 2016, the Group had
total current assets of approximately HK$273 million (31 December
2015: HK$396 million) and total current liabilities of approximately
HK$613 million (31 December 2015: HK$501 million).
CURRENT AND GEARING RATIO
As at 30 June 2016, the Group had total assets of approximately
HK$1,551 million (31 December 2015: HK$1,511 million), total
liabilities of approximately HK$942 million (31 December 2015:
HK$824 million), indicating a gearing ratio of (31 December
2015: ) on the basis of total liabilities over total assets. The current
ratio of the Group as at 30 June 2016 was (31 December 2015:
).
FOREIGN CURRENCY EXPOSURE
The Group’s sales and purchases are denominated in Renminbi and
United States dollars. The Group does not use derivative financial
instruments to hedge its foreign currency risk. The Group reviews its
foreign currency exposures regularly and does not consider its foreign
exchange risk to be significant.
CHARGES ON ASSETS
As at 30 June 2016, the Group had interest-bearing bank borrowings
of approximately HK$41 million (31 December 2015: HK$41 million).
The Group pledged bank deposits of approximately HK$23 million (31
December 2015: approximately HK$22,000) for the bank borrowings.
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
42 Energy International Investments Holdings Limited • Interim Report 2016
或然負債
於二零一六年六月三十日，本集團概無任何重大
或然負債（二零一五年十二月三十一日：無）。
僱員資料
於二零一六年六月三十日，本集團僱用432名全職
僱員（二零一五年六月三十日：445名）。本集團
之薪酬政策按個別僱員表現而釐定，並每年檢討
以便與業界慣例相符。此外，本集團亦按該等僱
員之工作地點向僱員提供公積金計劃（按情況而
定）。
中期股息
董事會不建議就截至二零一六年六月三十日止六
個月派付中期股息（截至二零一五年六月三十日
止六個月：無）。
CONTINGENT LIABILITIES
As at 30 June 2016, the Group did not have any significant contingent
liabilities (31 December 2015: Nil).
EMPLOYEE INFORMATION
As at 30 June 2016, the Group employed 432 full-time employees (30
June 2015: 445). The Group’s emolument policies are formulated on
the performance of individual employees and are reviewed annually
in line with industry practice. The Group also provides provident fund
schemes (as the case may be) to its employees depending on the
location of such employees.
INTERIM DIVIDEND
The Board does not recommend the payment of an interim dividend for
the six months ended 30 June 2016 (six months ended 30 June 2015:
Nil).
OTHER INFORMATION
其他資料
43能源國際投資控股有限公司‧二零一六年中期報告
董事於股份、相關股份及債券之權
益及淡倉
於二零一六年六月三十日，本公司董事及主要行政
人員概無於本公司或其任何相聯法團（定義見證
券及期貨條例（「證券及期貨條例」）第XV部）之股
份、相關股份或債券中擁有任何已根據證券及期
貨條例第XV部第7及8分部通知本公司及聯交所，
或須根據證券及期貨條例第352條規定於該規定
所指之登記冊記錄，或須根據上市規則附錄十所
載之上市公司董事進行證券交易的標準守則（「標
準守則」）通知本公司及聯交所之權益或淡倉。
主要股東於本公司股份及相關股份
之權益及淡倉
於二零一六年六月三十日，根據本公司從公開記
錄披露之權益披露申報及就本公司董事或主要行
政人員所知，除本公司董事或主要行政人員外，
以下人士於本公司股份及相關股份中擁有本公司
根據證券及期貨條例第336條須予備存之登記冊
中記錄之權益或淡倉︰
* 實益擁有人
+ 受控制法團權益
# 於股份或相關股份之好倉總額佔本公司於二零
一六年六月三十日之已發行股本3,049,704,594
股股份之百分比
DIRECTORS’ INTERESTS AND SHORT
POSITIONS IN SHARES, UNDERLYING SHARES
AND DEBENTURES
At 30 June 2016, none of the directors and chief executive of the
Company had any interests or short positions in the shares, underlying
shares or debentures of the Company or any of its associated
corporation (within the meaning of Part XV of the Securities and
Futures Ordinance (the “SFO”)), which had been notified to the
Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part
XV of the SFO, or which were required to be entered in the register
referred to therein pursuant to section 352 of the SFO, or which
were required to be notified to the Company and the Stock Exchange
pursuant to the Model Code for Securities Transactions by Directors
by Listed Issues (the “Model Code”) as set out in Appendix 10 to the
Listing Rules.
SUBSTANTIAL SHAREHOLDERS’ INTERESTS
AND SHORT POSITIONS IN THE SHARES AND
UNDERLYING SHARES OF THE COMPANY
As at 30 June 2016, based on the disclosure of interest notices filings
revealed by the Company from public records and so far as is known to
the directors or chief executive of the Company, the following person
other than a director or chief executive of the Company had an interest
or a short position in the shares and underlying shares of the Company
as recorded in the register required to be kept by the Company under
Section 336 of the SFO:
Interest in shares Interests in underlying shares
股份權益 於相關股份之權益
Personal Corporate Personal Corporate Aggregate Approximate
Name of Shareholders interests* interest+ interests* interest+ interest percentage# Notes
股東姓名 個人權益* 公司權益+ 個人權益* 公司權益+ 總權益 概約百分比# 附註
Mr. Liu Ran 劉燃先生 – 584,800,000 – 785,200,000 1,370,000,000 % 1
Giant Crystal Limited 鉅晶有限公司 584,800,000 – 785,200,000 – 1,370,000,000 % 1
Extra Gain Development Limited – 584,800,000 – 785,200,000 1,370,000,000 % 1
Grace Kind Holdings Limited – 584,800,000 – 785,200,000 1,370,000,000 % 1
鑫都集團有限公司 – 584,800,000 – 785,200,000 1,370,000,000 % 1
Media Forecast Limited 253,164,557 – – – 253,164,557 % 3
Qin Zhiwen 秦志文 – 253,164,557 – – 253,164,557 % 3
Deng Zemin 鄧澤民 – – 240,506,329 – 240,506,329 % –
Wang Jianxin 王建新 – – 202,531,646 – 202,531,646 % –
Wang Dongqian 王東騫 40,000,000 – 113,924,051 – 153,924,051 % –
* Beneficial owner
+ Interests of controlled corporation(s)
# Percentage which the aggregate long position in the shares or
underlying shares represents to the issued share capital of the Company
of 3,049,704,594 shares as at 30 June 2016
Other Information
其他資料
OTHER INFORMATION
其他資料
44 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
附註：
1. 鉅晶有限公司為一間根據英屬處女群島法律
註冊成立之公司。鉅晶有限公司分別由Extra
Gain Development Limited及鑫都集團有限
公司擁有%及%權益。Extra Gain
Development Limited為Grace Kind Holdings
Limited之全資附屬公司。Liu’s Trust為Extra
Gain Development Limited之控股公司。劉燃先
生為Liu’s Trust之實益擁有人。因此，Extra Gain
Development Limited、Grace Kind Holdings
Limited、劉燃先生及鑫都集團有限公司被視為
擁有鉅晶有限公司所持有之1,370,000,000股股
份及785,200,000股相關股份之權益。
該785,200,000股相關股份包括於轉換下列債
券時發行之股份︰( i)尚未行使之第一批債券
（定義見本公司日期為二零一零年十月十一日
之通函）（按轉換價每股港元計算，可兌換
為263,600,000股股份）；及 (ii)第二批債券（定
義見本公司日期為二零一零年十月十一日之
通函）（按轉換價每股港元計算，可兌換為
521,600,000股股份）。
2. 第二批債券及第四批債券尚未發行。有關第二
批債券及第四批債券之主要條款之詳情，請參
閱本公司日期分別為二零零七年十月十五日及
二零零八年六月六日之通函。
如本公司日期分別為二零一零年八月二十六日
及二十七日之公佈及本公司二零一零年中期報
告所披露，董事會驚訝發現，由青海森源持有之
勘探牌照已自二零一零年一月三十一日起轉讓
予源森公司，而本公司並不知悉、同意或批准。
董事經作出一切合理查詢後所知、所悉及所信，
源森公司由梁女士透過香港源森全資擁有。然
而，根據第二批債券及第四批債券之條款及條
件，第二批債券及第四批債券僅在本集團收到開
採牌照之情況下方會發行。本公司現正向其法
律顧問尋求法律意見，以確定在現時情況下本
公司是否仍有責任向梁女士發行第二批債券及
第四批債券，特別是梁女士在本公司並不知悉、
同意或批准之情況下已將本集團之勘探牌照轉
讓予其本身之公司。
3. Media Forecast Limited為一間根據英屬處女群
島法律註冊成立之公司，其全部已發行股本由秦
志文先生合法及實益擁有。秦志文先生因此被視
為於Media Forecast Limited持有之253,164,557
股股份中擁有權益。
Notes:
1. Giant Crystal Limited is a company incorporated under the laws of the
British Virgin Islands. Giant Crystal Limited was owned as to %
and % by Extra Gain Development Limited and 鑫都集團有
限公司 respectively. Extra Gain Development Limited is the wholly-
owned subsidiary of Grace Kind Holdings Limited. Liu’s Trust is holding
Company of Extra Gain Development Limited. Mr. Liu Ran is the
beneficial owner of Liu’s Trust. Extra Gain Development Limited, Grace
Kind Holdings Limited, Mr. Liu Ran and 鑫都集團有限公司 therefore
are deemed to be interested in 1,370,000,000 shares and 785,200,000
underlying shares held by Giant Crystal Limited.
785,200,000 underlying shares consist of shares to be issued upon
the conversion of (i) the outstanding Tranche 1 Bonds (as defined in
the circular of the Company dated 11 October 2010) (which, based
on the conversion price of HK$ per share, can be converted into
263,600,000 shares); and (ii) the Tranche 2 Bonds (as defined in the
circular of the Company dated 11 October 2010) (which, based on
the conversion price of HK$ per share, can be converted into
521,600,000 shares).
2. The Tranche 2 Bonds and Tranche 4 Bonds have not been issued. Please
refer to the Company’s circulars dated 15 October 2007 and 6 June
2008 for details of the principal terms of the Tranche 2 Bonds and
Tranche 4 Bonds respectively.
As disclosed in the Company’s announcements dated 26 August and
27 August 2010 respectively and the Company’s 2010 interim report,
the Board, to its astonishment, found out that as from 31 January 2010
the exploration licence held by QHFSMI had been transferred to Yuen
Xian Company without the Company’s knowledge, consent or approval.
To the best of the directors’ knowledge, information and belief having
made all reasonable enquiries, Yuen Xian Company is wholly-owned by
Ms. Leung through HK Yuenxian. However, according to the terms and
conditions of the Tranche 2 Bonds and Tranche 4 Bonds, the Tranche
2 Bonds and Tranche 4 Bonds will only be issued if the Mining Licence
has been received by the Group. The Company is seeking legal advice
from its legal advisers on whether the Company still has any obligation
to issue the Tranche 2 Bonds and Tranche 4 Bonds to Ms. Leung in light
of the present situation, in particular, in these circumstances where
Ms. Leung has transferred the Group’s exploration licence to her own
company without the Company’s knowledge, consent or approval.
3. Media Forecast Limited is a company incorporated under the laws of the
British Virgin Islands, the entire issued share capital of which is legally
and beneficially owned by Mr. Qin Zhiwen. Mr. Qin Zhiwen therefore
deemed to be interested in 253,164,557 shares held by Media Forecast
Limited.
Energy International Investments Holdings Limited • Interim Report 2016
OTHER INFORMATION
其他資料
45能源國際投資控股有限公司‧二零一六年中期報告
上述所有權益代表於本公司普通股之好倉。於二
零一六年六月三十日，於本公司根據證券及期貨
條例第336條存置之登記冊中並無淡倉之記錄。
除以上所披露者外，就董事所知，概無其他人士
於本公司之股份或相關股份中擁有須根據證券及
期貨條例第XV部第2及3分部之條文向本公司披露
或須記錄於本公司根據證券及期貨條例第336條
存置之登記冊中之權益或淡倉。
購股權計劃
根據本公司於二零一三年六月二十四日舉行之股
東特別大會上通過之普通決議案，聯交所於二零
一三年六月二十六日批准根據購股權計劃（「購股
權計劃」）將予發行之股份上市及買賣。購股權計
劃乃旨在獎勵及回饋對本集團營運業績的成功曾
付出貢獻之合資格參與者。該計劃之合資格參與
者包括本公司之董事以及本集團或本集團持有其
權益之公司或該公司之附屬公司之僱員、顧問、客
戶、供應商、代理商、夥伴、諮詢人或承包商。購
股權計劃乃於二零一三年六月二十四日採納，除
非另行註銷或修訂，否則由該日期起計十年維持
有效。該計劃於二零二三年六月二十三日屆滿。於
回顧期間概無授出或行使購股權，而於二零一六
年六月三十日並無未行使之購股權。
購買、贖回或出售本公司之上市證
券
本公司或其任何附屬公司於本期間並無購買、贖
回或出售本公司任何上市證券。
All the interests stated above represent long positions in the ordinary
shares of the Company. As at 30 June 2016, no short positions were
recorded in the register maintained by the Company under section 336
of the SFO.
Save as disclosed above, as far as the directors are aware, no other
person had an interest or short position in the Company’s shares or
underlying shares which would fall to be disclosed to the Company
under the provisions of the Divisions 2 and 3 of Part XV of the SFO, or
which was recorded in the register required to be kept by the Company
pursuant to Section 336 of the SFO.
SHARE OPTION SCHEME
Pursuant to an ordinary resolution passed at the EGM of the Company
held on 24 June 2013 and the Stock Exchange granting approval of
the listing of and permission to deal in the shares to be issued under
the share option scheme (the “Share Option Scheme”) on 26 June
2013. The purpose of the Share Option Scheme provides incentives
and rewards to eligible participants who contribute to the success of
the Group’s operations. Eligible participants of the Scheme include the
Company’s directors, employee, consultant, customer, supplier, agent,
partner or adviser of or contractor to the Group or a company in which
the Group holds an interest or a subsidiary of such company. The Share
Option Scheme was adopted on 24 June 2013 and, unless otherwise
cancelled or amended, will remain in force for 10 years from that
date. The Scheme was expired on 23 June 2023. There was no share
option granted and exercised during the period under review and no
outstanding share option as at 30 June 2016.
PURCHASE, REDEMPTION OR SALE OF LISTED
SECURITIES OF THE COMPANY
Neither the Company, nor any of its subsidiaries purchased, redeemed
or sold any of the Company’s listed securities during the Period.
OTHER INFORMATION
其他資料
46 Energy International Investments Holdings Limited • Interim Report 2016 能源國際投資控股有限公司‧二零一六年中期報告
遵守企業管治守則
本公司及董事會透過採納聯交所上市規則附錄
十四所載之企業管治守則及企業管治報告（「企業
管治守則」）之守則條文，應用企業管治守則之守
則條文之原則。
於截至二零一六年六月三十日止六個月，董事會
已採納並一直遵守適用之企業管治守則之守則條
文，惟偏離企業管治守則第條。根據企業管
治守則第條，主席及行政總裁（「行政總裁」）
之角色應獨立區分，且不應由同一人履行。主席
與行政總裁間之職責區分應書面清晰訂明。本公
司主席及行政總裁之職位目前懸空，本公司仍在
物色合適人選填補主席及行政總裁之空缺。
根據企業管治守則第條，非執行董事須按指
定任期委任，並須膺選連任。於回顧期間，本公司
所有獨立非執行董事均非按指定任期委任，惟須
按照本公司組織章程細則至少每三年輪值告退一
次。
根據企業管治守則第條，董事會主席應出席
股東週年大會（「股東週年大會」）。然而，主席職
位目前懸空。陳偉璋先生作為執行董事，擔任於二
零一六年六月三十日舉行之股東週年大會主席。
根據企業管治守則第條，獨立非執行董事應
出席股東大會，對股東的意見有公正的了解。獨
立非執行董事李凱恩先生及王靖華先生因要到外
地處理其他事務，故未能出席本公司於二零一六
年六月三十日舉行之股東週年大會。
董事會將不時檢討本集團之管理架構，並會為本
集團經營活動或業務之未來發展採取所需之適當
措施。
COMPLIANCE WITH CORPORATE
GOVERNANCE CODE
The Company and the Board have applied the principles in the
code provisions of the Corporate Governance Code and Corporate
Governance Report (the “CG Code”) contained in Appendix 14 to the
Listing Rules on the Stock Exchange by adopting the code provisions of
the CG Code.
During the six months ended 30 June 2016, the Board has adopted
and complied with the code provisions of the CG Code in so far
they are applicable with the exception of the deviation from of
the CG Code, the roles of chairman and chief executive officer (the
“CEO”) should be separate and should not be performed by the same
individual. The division of responsibilities between the chairman and
CEO should be clearly established and set out in writing. Since the
positions of the chairman and CEO are vacated, the Company is still
looking for a suitable candidate to fill the vacancy of chairman and
CEO.
of the CG Code, non-executive directors should be appointed
for a specific term, subject to re-election. For the period under review,
all independent non-executive directors of the Company have not
been appointed for a specific term but they are subject to retirement
by rotation at least once every three years in accordance with the
Company’s Articles of Association.
of the CG Code, the chairman of the Board should attend
the annual general meeting (the “AGM”). However, the chairman
is vacated. Mr. Chan Wai Cheung Admiral as the executive director
chaired the AGM held on 30 June 2016.
of the CG Code, independent non-executive directors should
attend general meetings and develop a balanced understanding of the
views of shareholders, Mr. Lee Hoi Yan and Mr. Wang Jinghua, the
independent non-executive directors, were unable to attend the AGM
of the Company held on 30 June 2016 as they were out of town for
other businesses.
The Board will review the management structure of the Group from
time to time and will adopt appropriate measures as may be desirable
for future development of the operating activities or business of the
Group.
Energy International Investments Holdings Limited • Interim Report 2016
OTHER INFORMATION
其他資料
47能源國際投資控股有限公司‧二零一六年中期報告
證券交易之標準守則
本公司已採納標準守則，且本公司已向各董事作
出具體查詢，彼等已各自確認於截至二零一六年
六月三十日止六個月內一直遵守標準守則所載之
規定標準。
薪酬委員會
本公司遵照企業管治守則成立薪酬委員會，成員包
括本公司三名獨立非執行董事及一名執行董事，
負責審閱及評估本公司執行董事及高級管理層之
薪酬待遇，並不時向董事會提供推薦建議。
提名委員會
本公司遵照企業管治守則成立提名委員會，成員包
括本公司三名獨立非執行董事及一名執行董事，
負責就委任董事及董事會管理層之繼任事宜向董
事會提供推薦建議。
審核委員會
本公司之審核委員會（「審核委員會」）已根據上市
規則第條及企業管治守則之守則條文第
條所述之建議職權範圍而編製之明文職權範圍所
成立。審核委員會目前由三名獨立非執行董事組
成，主席為李凱恩先生。審核委員會負責審閱本
集團之會計原則、常規內部監控程序及財務匯報
事項，包括於建議董事會批准前，審閱本集團之
中期及年度業績。
MODEL CODE FOR SECURITIES TRANSACTIONS
The Company has adopted the Model Code and the Company has
made specific enquiry with each directors and each of them confirmed
that he had complied with the required standards set out in the Model
Code throughout the six months ended 30 June 2016.
REMUNERATION COMMITTEE
The remuneration committee, established in compliance with the CG
Code, comprises three independent non-executive directors and one
executive director of the Company, is responsible for reviewing and
evaluating the remuneration packages of the executive directors and
senior management of the Company and making recommendations to
the Board from time to time.
NOMINATION COMMITTEE
The nomination committee, established in compliance with the CG
Code, comprises three independent non-executive directors and
one executive director of the Company, is responsible for making
recommendations to the Board on the appointment of directors and
management of the Board succession.
AUDIT COMMITTEE
The audit committee (the “AC”) of the Company was established
with written terms of reference in compliance with Rule of the
Listing Rules and the suggested terms of reference stated under the
Code Provision of the CG Code. The AC currently comprises three
independent non-executive directors and is chaired by Mr. Lee Hoi Yan.
The AC is responsible for review of the Group’s accounting principles,
practices internal control procedures and financial reporting matters
including the review of the interim and final results of the Group prior
to recommending to the Board for approval.
OTHER INFORMATION
其他資料
48 Energy International Investments Holdings Limited • Interim Report 2016
董事資料之變更
董事資料之變更載述如下：
1. 陳偉璋先生已辭任家夢控股有限公司（股
份代號：8101）之獨立非執行董事，該公司
於聯交所創業板上市。
2. 藍永強先生已辭任廣東萬家樂股份有限
公司（股份代號：00533）之獨立非執行董
事，該公司於深圳證券交易所上市。
致謝
本人謹此由衷感謝本公司股東從不間斷的支持。
同時，本人亦向本集團董事及員工致以深切謝意，
感謝他們對本公司所作出的努力。
承董事會命
能源國際投資控股有限公司
執行董事
陳偉璋
香港，二零一六年八月二十二日
CHANGES IN INFORMATION OF DIRECTORS
Changes in information of the directors are set out below:
1. Mr Chan Wai Cheung Admiral has resigned as an independent
non-executive director of Jia Meng Holdings Limited (stock
code: 8101) which is listed on the Growth Enterprise Market of
the Stock Exchange.
2. Mr. Lan Yongqiang has resigned as an independent non-
executive director of Guangdong Marco Co., Ltd. (stock code:
00533) which is listed on Shenzhen Stock Exchange.
APPRECIATION
I take this opportunity to express our gratitude to the shareholders of
the Company for their continued support and our directors and our
staff for their contribution to the Company.
By order of the Board
Energy International Investments Holdings Limited
Chan Wai Cheung Admiral
Executive Director
Hong Kong, 22 August 2016
ENERGY INTERNATIONAL INVESTMENTS HOLDINGS LIMITED
能 源 國 際 投 資 控 股 有 限 公 司*
(Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立之有限公司)
(Stock code 股份代號 : 353)
僅
供
識
別
INTERIM
REPORT
中期報告2016
封面
目錄
公司資料
簡明綜合損益表
簡明綜合全面收入表
簡明綜合財務狀況表
簡明綜合權益變動表
簡明綜合現金流量表
簡明綜合財務報表附註
管理層討論及分析
其他資料
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