| Discontinued operations |
| 4. | Discontinued
operations |
In April 2026, the Group
disposed of its entire energy storage solutions business to a wholly-owned subsidiary of Newlink. The business was reported as a discontinued
operation for the four months ended 30 April 2026.
| (b) | Financial
performance and cash flow information |
| | |
For the six months ended
June 30, | |
| | |
2025 | | |
2026 | |
| | |
RMB’000 | | |
RMB’000 | |
| | |
| | |
| |
| Revenues | |
| 1,002 | | |
| — | |
| Cost of revenues | |
| (1,182 | ) | |
| — | |
| Operating expenses | |
| (14,290 | ) | |
| (186 | ) |
| Other gains, net | |
| 3 | | |
| 5 | |
| Finance costs | |
| (86 | ) | |
| — | |
| Loss before income tax | |
| (14,553 | ) | |
| (181 | ) |
| Income tax | |
| — | | |
| — | |
| Loss after income tax | |
| (14,553 | ) | |
| (181 | ) |
| Gain on disposal of business after income tax | |
| — | | |
| 9,788 | |
| (Loss)/profit from discontinued operations | |
| (14,553 | ) | |
| 9,607 | |
| Attributable to: | |
| | | |
| | |
| Equity holders of the Company | |
| (13,866 | ) | |
| 9,560 | |
| Non-controlling interests | |
| (687 | ) | |
| 47 | |
| | |
| (14,553 | ) | |
| 9,607 | |
| | |
| | | |
| | |
| Other comprehensive income from discontinued operations | |
| — | | |
| — | |
| Total comprehensive (loss)/income from discontinued operations | |
| (14,553 | ) | |
| 9,607 | |
| Attributable to: | |
| | | |
| | |
| Equity holders of the Company | |
| (13,866 | ) | |
| 9,560 | |
| Non-controlling interests | |
| (687 | ) | |
| 47 | |
| | |
| (14,553 | ) | |
| 9,607 | |
| | |
| | | |
| | |
| Net cash generated from/(used in) operating activities | |
| 9,926 | | |
| (1,024 | ) |
| Net cash used in financing activities | |
| (10,000 | ) | |
| — | |
| Net decrease in cash and cash equivalents from discontinued operations | |
| (74 | ) | |
| (1,024 | ) |
| (c) | Details
of disposal of business |
| | |
As of
April 30, | |
| | |
2026 | |
| | |
RMB’000 | |
| | |
| |
| Disposal consideration receivable | |
| 9,250 | |
| Carrying amount of net liabilities disposed | |
| 538 | |
| Gain on disposal before income tax | |
| 9,788 | |
| Income tax expense on gain | |
| — | |
| Gain on disposal after income tax | |
| 9,788 | |
The carrying amounts of assets and
liabilities as at the date of disposal were:
| | |
As of April 30, | |
| | |
2026 | |
| | |
RMB’000 | |
| | |
| |
| Prepayments, other receivables and other assets | |
| 466 | |
| Total assets | |
| 466 | |
| Trade payables | |
| (892 | ) |
| Other payables and accruals | |
| (112 | ) |
| Total liabilities | |
| (1,004 | ) |
| Net liabilities | |
| (538 | ) |
|