LTSMARTENERGY：ANNUALRESULTSANNOUNCEMENTFORTHEYEARENDED31DECEMBER2019.pdf

1、Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for thecontents of this announcement,make no representation as to its accuracy or completeness and expressly disclaim anyliability whatsoever for any loss howsoever arising from or in reliance

2、 upon the whole or any part of the contents of thisannouncement.LONGITECH SMART ENERGY HOLDING LIMITED隆 基 泰 和 智 慧 能 源 控 股 有 限 公 司(Incorporated in the Cayman Islands with limited liability)(Stock Code:1281)ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2019The board(the Board)of directors

3、(the Directors)of LongiTech Smart Energy Holding Limited(the Company)announces the audited consolidated annual results of the Company and itssubsidiaries(collectively,the Group)for the year ended 31 December 2019(the ReportingPeriod)together with the comparative figures for the year ended 31 Decembe

4、r 2018 as follows:Consolidated Statement of Profit or LossFor the year ended 31 December 2019Year ended 31 DecemberNotes20192018RMB000RMB000Revenue3(a)147,460708,493Cost of sales4(68,786)(464,662)Gross profit78,674243,831Selling and distribution expenses4(1,740)(22,146)Administrative expenses4(72,21

5、2)(89,234)Impairment losses on financial and contract assets5(316,169)(15,761)Other income5852,107Other gains net62,1001,211Operating(loss)/profit(308,762)120,008 1 Consolidated Statement of Profit or Loss(Continued)For the year ended 31 December 2019Year ended 31 DecemberNotes20192018RMB000RMB000Fi

6、nance income13,4617,330Finance expenses(35,989)(16,638)Finance expenses net(22,528)(9,308)Share of net profit of associates accounted for usingthe equity method5,4228,187(Loss)/profit before income tax(325,868)118,887Income tax credit/(expense)764,454(10,386)(Loss)/profit for the year(261,414)108,50