Financial Performance - For the six months ended June 30, 2022, the company reported a revenue of HKD 102,523,000, an increase of 6.5% compared to HKD 96,494,000 in the same period of 2021[20] - The gross profit for the same period was HKD 41,094,000, representing a significant increase of 38.5% from HKD 29,728,000 in 2021[20] - The company incurred a loss of HKD 48,397,000 for the period, an improvement from a loss of HKD 124,000,000 in the previous year[20] - The loss attributable to owners of the company from continuing operations was HKD 47,321,000, compared to HKD 64,258,000 in the prior year, indicating a reduction of 26.4%[23] - The total comprehensive loss for the period was HKD 41,067,000, a decrease from HKD 98,412,000 in the same period last year[26] - The company reported other income of HKD 1,302,000, slightly down from HKD 1,603,000 in the previous year[20] - The company’s financing costs for the period were HKD 20,397,000, down from HKD 68,238,000 in the previous year, showing a significant reduction in financial burden[20] - The group reported a net loss of approximately HKD 48,397,000 for the six months ended June 30, 2022[39] - The group reported a pre-tax loss of HKD 47,321 million, a significant improvement from a loss of HKD 125,277 million in the previous year[64] Dividends and Shareholder Returns - The company did not declare an interim dividend for the period[24] - The company did not recommend any interim dividend for the six months ended June 30, 2022, consistent with the previous year[63] - The board of directors does not recommend the payment of an interim dividend for the six months ended June 30, 2022, consistent with the previous year where no dividend was paid[197] Assets and Liabilities - As of June 30, 2022, non-current assets totaled HKD 1,271,861 thousand, a decrease of 8.1% from HKD 1,384,251 thousand as of December 31, 2021[28] - Current assets increased to HKD 952,086 thousand, up 6.7% from HKD 892,586 thousand in the previous year[28] - Total liabilities amounted to HKD 2,290,898 thousand, slightly down from HKD 2,294,266 thousand as of December 31, 2021[28] - Total assets reported as of June 30, 2022, were HKD 2,223,947,000, while total liabilities were HKD 2,421,622,000[50] - Total borrowings amounted to approximately HKD 1,394,575,000, with cash and cash equivalents only around HKD 87,219,000[39] Cash Flow - The net cash flow from operating activities for the six months ended June 30, 2022, was HKD 6,324 thousand, a significant decline of 89.8% compared to HKD 62,321 thousand for the same period in 2021[36] - The company reported a net cash increase of HKD 6,291 thousand for the period, compared to HKD 14,887 thousand in the previous year[36] - The company’s investment activities generated a net cash flow of HKD 23 thousand, a drastic decrease from HKD 360,765 thousand in the same period last year[36] - The company’s financing activities resulted in a net cash outflow of HKD 56 thousand, compared to HKD 408,199 thousand in the previous year[36] Operational Strategy - The company aims to continue its market expansion and product development strategies in the upcoming periods[19] - The company aims to accelerate the development and investment of its main business, focusing on project mergers and acquisitions, and improving asset management capabilities[143] - The group is actively negotiating with lenders to extend the maturity dates of debts due within the next 12 months[39] - The group aims to sell several solar power plants to alleviate liquidity pressure and improve financial conditions[39] - The group has been striving to secure additional potential financing to support operations[39] Corporate Governance - The company has established a remuneration committee to recommend policies regarding the overall remuneration of directors and management, consisting of three independent non-executive directors[193] - The audit committee has reviewed the accounting principles adopted by the group and discussed matters related to auditing, internal control, and financial reporting for the six months ended June 30, 2022[194] - The nomination committee has evaluated the structure and composition of the board and recommended qualified candidates for board membership, consisting of one executive director and three independent non-executive directors[195] - The board of directors includes three executive directors and three independent non-executive directors as of the report date[199] - The company has complied with all applicable provisions of the corporate governance code, except for the aforementioned delays in financial reporting[1] Shareholding Structure - Gorgeous Investment holds 4,092,084,312 shares, representing 43.65% of the issued shares[163] - Shandong Hi-Speed Investment Fund holds 831,000,000 shares, accounting for 8.86% of the issued shares[163] - The total shares held by major shareholders include 4,363,014,000 shares, which is 46.54% of the total issued capital[169] - The report indicates a concentration of ownership among a few major shareholders, with the top four holding over 43% of the shares[163] - The ownership structure may influence future strategic decisions and market positioning for the company[169] Financial Reporting and Compliance - The company has not timely published the annual financial information for 2021 and the interim financial information for 2022, failing to present the audited financial statements for 2021 at the 2022 annual general meeting[1] - The interim report will be published on the Hong Kong Stock Exchange website and the company's website, with printed copies mailed to shareholders[198] - All directors have confirmed compliance with the standard code of conduct for securities trading during the six months ending June 30, 2022, ensuring governance and ethical standards are upheld[184] Employee and Management Information - The total remuneration for directors and key management personnel for the period was HKD 1,587,000, a decrease of 8.1% from HKD 1,727,000 in the previous year[93] - The company has approximately 33 employees in Hong Kong, Singapore, and China as of June 30, 2022, consistent with the number as of December 31, 2021[150] - The company has appointed a new executive director, Yue Lu, on January 28, 2022, while two executive directors resigned during the same month[188][190]

CHINA SMARTER ENERGY GROUP HOLDINGS LIMITED 中國智慧能源集團控股有限公司 （股份代號 ） （於百慕達註冊成立之有限公司） 2021 目錄 目錄 公司資料 2 主席報告 4 董事及高級管理層履歷 6 管理層討論及分析 8 企業管治報告 20 環境、社會及管治報告 36 董事會報告書 52 獨立核數師報告 64 經審核綜合財務報表 綜合損益及其他全面收益表 67 綜合財務狀況表 69 綜合權益變動表 71 綜合現金流量表 72 綜合財務報表附註 74 五年財務概要 147 1 中國智慧能源集團控股有限公司 二零二一年年報 中國智慧能源集團控股有限公司 二零二一年年報 公司資料 公司資料 董事會 執行董事 陳夏軒先生（董事會主席） （於二零二一年一月十三日獲委任為執行董事及 於二零二一年六月二十五日獲委任為董事會主席） 薄大騰先生 岳璐女士（於二零二二年一月二十八日獲委任） 胡瀚陽先生（於二零二二年一月二十日辭任） 翁小權先生（於二零二二年一月二十七日辭任） 徐化先生（董事會主席及行政總裁） （於二零二一年三月十五日獲委任及 於二零二一年六月二十五日辭任） 張亮先生（董事 ...

Financial Performance - The company reported a revenue of HKD 204,075,000 for the year ended December 31, 2021, a decrease of 54.7% compared to HKD 450,045,000 in 2020[2]. - Gross profit increased to HKD 85,093,000, up 13.5% from HKD 74,927,000 in the previous year[2]. - The operating profit for the year was HKD 15,368,000, a significant improvement from an operating loss of HKD 499,732,000 in 2020[4]. - The company recorded a loss before tax of HKD 123,130,000, compared to a loss of HKD 652,247,000 in the prior year, indicating a reduction in losses by approximately 81.1%[4]. - Total comprehensive loss for the year was HKD 327,055,000, a decrease from HKD 786,283,000 in 2020, reflecting a 58.4% improvement[6]. - The group reported a net loss of approximately HKD 348,853,000 for the year ended December 31, 2021, with current liabilities exceeding current assets by about HKD 1,087,391,000[15]. - The company reported a basic loss per share of HKD 3.76, improved from HKD 8.24 in the previous year[4]. - The company reported a profit of HKD 40,988,000 for the year 2021, compared to a loss of HKD 292,312,000 in 2020[33]. - The net loss for the year was approximately HKD 348,853,000, a reduction of 55.1% from HKD 777,354,000 in the previous year[93]. Assets and Liabilities - The company's total assets decreased to HKD 1,549,557,000 from HKD 2,397,577,000 in the previous year, a decline of 35.4%[9]. - Current liabilities amounted to HKD 2,259,961,000, down from HKD 2,476,041,000 in 2020, representing a reduction of 8.8%[10]. - Non-current liabilities decreased to HKD 134,320,000 from HKD 559,808,000, a reduction of 76.0%[12]. - Total liabilities increased to HKD 2,069,648,000 in 2021 from HKD 1,705,040,000 in 2020[35]. - The asset-liability ratio increased to 460.9% from 319.3% year-on-year[96]. Cash and Bank Balances - Cash and bank balances increased to HKD 84,073,000 from HKD 36,780,000, reflecting a growth of 128.5%[8]. - The group's cash and bank balances as of December 31, 2021, were approximately HKD 84,073,000, an increase from HKD 36,780,000 as of December 31, 2020[96]. Revenue Breakdown - Revenue from customer contracts for the year was HKD 204,075,000, a decrease from HKD 450,045,000 in the previous year, with electricity sales contributing HKD 196,369,000[26]. - External customer revenue from clean energy was HKD 196,369,000, while commodity trading generated HKD 2,090,000 in 2021[31]. - Clean energy revenue for the year ended December 31, 2021, was approximately HKD 196,369,000, a slight decrease from HKD 199,575,000 in the previous year[75]. - Total electricity sold from the clean energy segment was approximately 206,519,000 kWh, generating revenue of HKD 196,369,000, compared to HKD 199,575,000 in the previous year[76]. - The commodity trading segment reported revenue of approximately HKD 2,090,000, down from HKD 250,095,000 in the previous year, with a loss of HKD 10,870,000[87]. Government Subsidies and Financing - The group received and accrued government subsidies for electricity prices amounting to HKD 153,033,000 for the year ended December 31, 2021[26]. - The group is actively negotiating with lenders to extend the maturity dates of debts due within the next 12 months[19]. - The group is pursuing potential financing options and is working to sell several solar power plants to alleviate financial pressure[19]. Legal and Contingent Liabilities - The company is involved in ongoing legal disputes, with potential liabilities including RMB 478,000,000 in loans and RMB 440,890,000 in loans from various creditors, which have not yet been resolved[71][72]. - The company has not reported any significant contingent liabilities as of December 31, 2021, maintaining a stable financial position[73]. - The company has not achieved any settlements in ongoing legal disputes as of the date of the financial report approval[70]. Corporate Governance and Audit - The company has not separated the roles of Chairman and CEO during the year, which is a deviation from corporate governance guidelines[115]. - The audit committee reviewed the group's financial reporting system and internal control procedures[121]. - The company faced delays in the audit process due to COVID-19, affecting the timely publication of the audited financial results[124]. - The company plans to issue further announcements regarding the audited financial results once they are completed[125]. Employee and Dividend Information - As of December 31, 2021, the company employed approximately 33 employees, a decrease from 37 employees as of December 31, 2020[110]. - The company has not declared or proposed any dividends for the year ended December 31, 2021, consistent with the previous year[47]. - The board does not recommend the distribution of a final dividend for the year[113]. Future Outlook and Strategic Focus - The group is focusing on expanding its solar power business and seeking refinancing opportunities to enhance growth and reduce financing costs[84]. - The company is exploring opportunities in energy storage and integrated energy services, which are expected to see substantial growth in China[90]. - China's commitment to green development aims for carbon neutrality by 2060, with significant growth expected in wind and solar power installations[89].

China Smarter Energy Group Holdings Limited 中國智慧能源集團控股有限公司 Interim Report 2021 中期報告 CHINA SMARTER ENERGY GROUP HOLDINGS LIMITED 中國智慧能源集團控股有限公司 （股份代號 ） （於百慕達註冊成立之有限公司） 2021 目錄 頁次 公司資料 2 簡明綜合損益及其他全面收益表 4 簡明綜合財務狀況表 7 簡明綜合權益變動表 9 簡明綜合現金流量表 10 簡明綜合財務報表附註 11 管理層討論及分析 31 其他資料 40 1 中國智慧能源集團控股有限公司 二零二一年中期報告 公司資料 | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------- ...

Annual Report 2020 年報 CHINA SMARTER ENERGY GROUP HOLDINGS LIMITED 中國智慧能源集團控股有限公司 （股份代號 ） （於百慕達註冊成立之有限公司） 2020 目錄 | --- | |--------------------------| | | | 目錄 | | 公司資料 | | 主席報告 | | 董事及高級管理層履歷 | | 管理層討論及分析 | | 企業管治報告 | | 環境、社會及管治報告 | | 董事會報告書 | | 獨立核數師報告 | | 經審核綜合財務報表 | | 綜合損益表 | | 綜合損益及其他全面收益表 | | 綜合財務狀況表 | | 綜合權益變動表 | | 綜合現金流量表 | | 綜合財務報表附註 | | 五年財務概要 | 2 4 6 8 19 36 49 61 65 66 67 69 70 72 155 1 中國智慧能源集團控股有限公司 二零二零年年報 中國智慧能源集團控股有限公司 二零二零年年報 公司資料 公司資料 張亮先生（於二零二一年三月十日辭任） | --- | --- | |--------------------- ...

China Smarter Energy Group Holdings Limited 中國智慧能源集團控股有限公司 Interim Report 2020 中期報告 CHINA SMARTER ENERGY GROUP HOLDINGS LIMITED 中國智慧能源集團控股有限公司 （股份代號 ） （於百慕達註冊成立之有限公司） 2020 目錄 頁次 公司資料 2 簡明綜合損益及其他全面收益表 4 簡明綜合財務狀況表 7 簡明綜合權益變動表 9 簡明綜合現金流量表 10 簡明綜合財務報表附註 11 管理層討論及分析 33 其他資料 45 1 中國智慧能源集團控股有限公司 二零二零年中期報告 公司資料 | --- | --- | |-------------------------------------------------------------------|----------------------------------| | 董事會 | 薪酬委員會 | | 執行董事 | 王禹洲先生 （主席） | | 張亮先生 | （於二零二零年六月三十日獲委任） | | （主席兼行政總裁） | 林長茂先生 | ...

CHINA SMARTER ENERGY GROUP HOLDINGS LIMITED 中國智慧能源集團控股有限公司 （股份代號 ） （於百慕達註冊成立之有限公司） 2019 目錄 目錄 公司資料 2 主席報告 4 董事及高級管理層履歷 6 管理層討論及分析 8 企業管治報告 18 環境、社會及管治報告 32 董事會報告書 45 獨立核數師報告 56 經審核綜合財務報表 綜合損益表 60 綜合損益及其他全面收益表 61 綜合財務狀況表 62 綜合權益變動表 64 綜合現金流量表 65 綜合財務報表附註 67 五年財務概要 155 1 中國智慧能源集團控股有限公司 二零一九年年報 中國智慧能源集團控股有限公司 二零一九年年報 公司資料 公司資料 董事會 執行董事 張亮先生（主席及行政總裁） （於二零一九年八月二十日獲委任為執行董事 及於二零一九年八月三十日獲委任為董事會主席） 高天國先生（副主席） （於二零二零年三月十三日辭任執行董事及副主席） 胡瀚陽先生 翁小權先生 孫亮先生（於二零一九年八月三十日辭任執行董事 及董事會主席） 趙黎女士（於二零一九年六月六日辭任） 曾衛兵先生（於二零一九年八月十六日辭任） 薄 ...

CHINA SMARTER ENERGY GROUP HOLDINGS LIMITED 中國智慧能源集團控股有限公司 （股份代號 ） （於百慕達註冊成立之有限公司） 2019 目錄 頁次 公司資料 2 簡明綜合損益表 4 簡明綜合損益及其他全面收益表 6 簡明綜合財務狀況表 7 簡明綜合權益變動表 9 簡明綜合現金流量表 10 簡明綜合財務報表附註 11 管理層討論及分析 39 其他資料 48 1 中國智慧能源集團控股有限公司 二零一九年中期報告 公司資料 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------- ...

CHINA SMARTER ENERGY GROUP HOLDINGS LIMITED 中國智慧能源集團控股有限公司 （股份代號 ） （於百慕達註冊成立之有限公司） 2018 目錄 目錄 公司資料 2 主席報告 3 董事及高級管理層履歷 5 管理層討論及分析 8 企業管治報告 17 環境、社會及管治報告 29 董事會報告書 44 獨立核數師報告 54 經審核綜合財務報表 綜合損益表 58 綜合損益及其他全面收益表 59 綜合財務狀況表 60 綜合權益變動表 62 綜合現金流量表 63 綜合財務報表附註 65 五年財務概要 147 1 中國智慧能源集團控股有限公司 二零一八年年報 中國智慧能源集團控股有限公司 二零一八年年報 公司資料 公司資料 董事會 執行董事 孫亮先生（主席） 高天國先生（副主席） 趙黎女士 曾衛兵先生 胡瀚陽先生 翁小權先生 （於二零一八年十二月十七日獲委任） 高淑娟女士 （於二零一八年九月十四日辭任） 獨立非執行董事 霍浩然先生 李輝先生 林長茂先生 公司秘書 孫多偉先生 授權代表 趙黎女士 孫多偉先生 審核委員會 霍浩然先生（主席） 李輝先生 林長茂先生 薪酬委員會 霍浩然先生（主席） ...