Annual report
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Contents 目錄 Corporate Information 公司資料 2 Chairman’s Statement 主席報告 4 Financial Highlights 財務摘要 6 Management Discussion and Analysis 管理層討論及分析 8 Biographies of Directors, Supervisors and Senior Management 董事 、 監事及高級管理層簡歷 23 Corporate Governance Report 企業管治報告 36 Directors’ Report 董事會報告 58 Supervisory Committee Report 監事會報告 78 Independent Auditor’s Report 獨立核數師報告 81 Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及其他全面收益表 86 Consolidated Statement of Financial Position 綜合財務狀況表 87 Consolidated Statement of Changes in Equity 綜合權益變動表 89 Consolidated Statement of Cash Flows 綜合現金流量表 90 Notes to the Consolidated Financial Statements 綜合財務報表附註 92 Five-Y ear Financial Summary 五年財務數據摘要 156
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2 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Information 公司資料 BOARD OF DIRECTORS Executive Directors Mr. Bian Yu (Vice-chairman) Mr. Zhang Yuanyuan Ms. Bian Shu Non-executive Directors Ms. Yu Ji Mr. Zhu Xian Bo (Chairman) Mr. Chen Jiancheng Independent Non-executive Directors Mr. Li Jiannan Mr. Fung Kui Kei Mr. WANG Feng SUPERVISORS Ms. Xu Jiajuan (Chairman) Mr. Fu Jun Mr. Fang Zhiguo JOINT COMPANY SECRETARIES Mr. Wong Shum Wai (formerly known as Wong Hon Kit) Ms. Shen Qiong AUDIT COMMITTEE Mr. Fung Kui Kei (Chairman) Mr. Li Jiannan Mr. WANG Feng NOMINATION COMMITTEE Mr. WANG Feng (Chairman) Mr. Fung Kui Kei Ms. Bian Shu REMUNERATION COMMITTEE Mr. Li Jiannan (Chairman) Mr. Chen Jiancheng Mr. WANG Feng AUTHORISED REPRESENTATIVES Mr. Bian Yu Mr. Wong Shum Wai (formerly known as Wong Hon Kit) AUDITOR Zhonghui Anda CPA Limited 董事會 執行董事 邊宇先生（副主席） 章袁遠先生 邊姝女士 非執行董事 余吉女士 祝賢波先生（主席） 陳建誠先生 獨立非執行董事 酈建楠先生 馮鉅基先生 汪峰先生 監事 徐佳娟女士（主席） 傅均先生 方治國先生 聯席公司秘書 王琛維先生 （前稱王漢傑） 沈瓊女士 審核委員會 馮鉅基先生（主席） 酈建楠先生 汪峰先生 提名委員會 汪峰先生（主席） 馮鉅基先生 邊姝女士 薪酬委員會 酈建楠先生（主席） 陳建誠先生 汪峰先生 授權代表 邊宇先生 王琛維先生 （前稱王漢傑） 核數師 中匯安達會計師事務所有限公司
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3 Annual Report 2024 年報 Corporate Information 公司資料 本公司的法律顧問 CLKW律師事務所 （香港法律） 上海譽本律師事務所 （中國法律） 中國總部及註冊辦事處 中國 浙江省諸暨市 牌頭鎮天潔工業園區 香港主要營業地點 香港上環 干諾道西 20號 中英大廈 12樓1201室 主要往來銀行 中國工商銀行股份有限公司諸暨牌頭支行 中國 浙江省 諸暨市 牌頭鎮同文路 21號 中國工商銀行股份有限公司諸暨市支行 中國 浙江省 諸暨市 暨陽路158號 浙商銀行股份有限公司紹興諸暨支行 中國 浙江省 諸暨市 東二路123號 H股過戶登記處 卓佳證券登記有限公司 香港 夏慤道16號 遠東金融中心 17樓 公司網站 www.tengy.com 股份代號 1527 LEGAL ADVISERS TO OUR COMPANY CLKW Lawyers LLP (As to Hong Kong Law) Shang Hai Yu Ban Law Firm (As to PRC Law) HEADQUARTERS AND REGISTERED OFFICE IN THE PRC TENGY Industrial Park, Paitou Town, Zhuji City, Zhejiang Province, The PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG Room 1201, 12th Floor, Chung Ying Building, 20 Connaught Road West, Sheung Wan, Hong Kong PRINCIPAL BANKERS Industrial and Commercial Bank of China, Zhuji Paitou Branch 21 Tongwen Road, Paitou Town Zhuji City Zhejiang Province The PRC Industrial and Commercial Bank of China, Zhuji Sub-branch 158 Jiyang Road Zhuji City Zhejiang Province The PRC China Zheshang Bank Co., Ltd. Shaoxing Zhuji Sub-branch 123 Donger Road Zhuji City Zhejiang Province The PRC H SHARE REGISTRAR Tricor Investor Services Limited 17/F Far East Finance Centre 16 Harcourt Road Hong Kong COMPANY WEBSITE www.tengy.com STOCK CODE 1527
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4 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Chairman’s Statement 主席報告 本人謹代表董事 （ 「董事」） 會 （「董事會 」 ） 欣然宣 佈浙江天潔環境科技股份有限公司 （ 「本公司 」或 「天潔環境 」 ） 及其附屬公司 （統稱為 「本集團 」） 於截至二零二四年十二月三十一日止年度 （ 「 本 年度」 ） 錄得穩健的財務業績 。 本集團為著名的綜合大氣污染防治解決方案供 應商 ， 主要專注於顆粒物的排放控制 ， 在多個行 業為客戶提供特大型除塵器 。 本集團擁有超過 25年的行業經驗且在行業技術方面持續追求創 新。 本集團於本年度的營業收入增加約 20.1%至約 人民幣 7 44.9百萬元 ， 而本年度的稅前溢利則較 去年同期增加約 76.7%至約人民幣 107 .9百萬元 。 同時 ， 本公司股東 （ 「股東」 ） 應佔溢利約為人民幣 84.6百萬元 ， 較去年同期增加約98.2%。 本年度 ， 本集團約100%的收益來自環保設備的 銷 售（ 約99% ） 及材料的銷售 （約1%） ， 分別為約 人民幣737 .1百萬元及約人民幣7. 7百萬元 。 On behalf of the Board ( “Board”) of Directors ( “Directors”, each being a “Director ”), I am pleased to announce that Zhejiang Tengy Environmental Technology Co., Ltd (“Company” or “T engy Environmental”) and its subsidiaries (collectively the “Group”) recorded solid financial results for the year ended 31 December 2024 (“Y ear”). The Group is a well-established integrated atmospheric pollution control solution provider, with a primary focus on particulate emission control by offering mega-sized precipitators to customers in various industries. The Group is with over 25 years of industry experience and continues to innovate in industrial technologies. The Group’s operating income during the Y ear increased by approximately 20.1% to approximately RMB7 44.9 million, while the profit before tax during the Y ear increase by approximately 76.7% compared to the corresponding period of last year, to approximately RMB107 .9 million. Meanwhile, the profit attributable to shareholders of the Company (“Shareholders ”, each being a “Shareholder ”) was approximately RMB84.6 million, representing an increase of approximately 98.2% compared to the corresponding period of last year. Approximately 100% of the revenue for the Y ear of the Group is from the sales of environmental protection equipment (approximately 99%) and the sales of materials (approximately 1%), amounting to approximately RMB737 .1 million and approximately RMB7 .7 million respectively. 4 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司
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5 Annual Report 2024 年報 Chairman’s Statement 主席報告 Chairman’s Statement 主席報告 本集團相信 ， 憑著多年的行業經驗且在行業技術 方面持續追求創新 ， 本集團在爭取新項目時較現 有市場競爭對手以及新入行者更具競爭優勢 ， 再 加上其作為可靠大氣污染防治解決方案供應商 日益提高的聲譽 ， 本集團可獲取更多來自國家電 力企業以及其他行業客戶的新項目 。 國家發改委已要求各省於二零二四年內對年耗 能1萬噸標準煤以上的企業進行節能審查 。 到二 零二五年年底 ， 審查範圍將擴大到年消耗 5,000 噸標準煤以上的企業 ， 覆蓋約 70% 的能源消耗 及碳排放 。 「十四五」 規劃亦確定了多項節能減碳 的約束性指標 ， 包括到二零二五年每單位 GDP 能耗下降 13.5%， 每單位GDP二氧化碳排放下降 18%。 該等目標進一步強化了製造業節能減排 的要求 ， 鼓勵企業加快採用先進的環保技術及設 備。 在日趨嚴格的環保督查力度下 ， 尚未符合要求的 環保設備勢必加快更新改造 ， 從而大幅提高對除 塵設備的需求 。 展望未來 ， 本集團將繼續積極提升研發實力並積 極尋找合適的收購項目 ， 從而擴張本集團的研 發 、 製造及銷售能力 ， 以及進入新的國內和國際 市 場。 本集團相信 ， 本集團多年來在中國建立的客戶基 礎及接觸海外市場的經驗 ， 有助本集團奠下日後 在國內外市場擴充的穩固基礎 ， 並使本集團成為 大氣污染防治解決方案行業的尖端 。 最後 ， 本人謹代表董事會 ， 衷心感謝管理團隊及 僱員的不懈努力 ， 以及各股東及投資者一直以來 對本集團的信任與支持 。 本集團將繼續把握巿場機遇 ， 保護藍天碧水 ， 打 造百年天潔 ！ The Group believes that, leveraging on its years of industry experience and continual innovation in industrial technologies, the Group possesses a competitive advantage over existing market competitors as well as new entrants in new projects, and can also obtain more new projects from customers in the national electricity industries and also from other industries due to its enhanced reputation as a reliable atmospheric pollution control solution provider. The National Development and Reform Commission has mandated that provinces conduct energy conservation reviews for enterprises consuming over 10,000 tons of standard coal annually within 2024. By the end of 2025, this review scope will be expanded to include enterprises consuming over 5,000 tons of standard coal annually, covering about 70% of energy consumption and carbon emissions. The “14th Five- Y ear Plan” has also established several binding indicators for energy conservation and carbon reduction, including a 13.5% decrease in energy consumption per unit of GDP and an 18% reduction in carbon dioxide emissions per unit of GDP by 2025. These objectives further intensify the requirements for energy conservation and emissions reduction in the manufacturing sector, encouraging enterprises to accelerate the adoption of advanced environmental protection technologies and equipment. With increasingly stringent environmental protection inspection, the environmental protection equipment which does not meet the requirements must be upgraded and modified immediately, which in turn will give significant rise to a certain demand for precipitators. Looking forward, more effort will be made by the Group to enhance its research and development capabilities and to actively seek appropriate acquisition projects, to expand its capabilities of research and development, manufacturing and sales, as well as to access new domestic and international markets. The Group believes that its established customer base in the PRC and its exposure to overseas markets could help it lay a solid foundation for future expansion in both domestic and overseas markets of the Group, and enable it to become the leading player in the atmospheric pollution control solution industry. Lastly, on behalf of the Board, I would like to thank the management team and employees for their tireless efforts and I sincerely thank the Shareholders and investors for their continuing trust in and support to the Group. The Group will continue to seize market opportunities, protect the blue sky and clear water and build a century- lasting Tengy! 5Annual Report 2024 年報
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6 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Financial Highlights 財務摘要 Y ear ended 31 December 截至十二月三十一日止年度 2024 2023 Change 二零二四年 二零二三年 變動 RMB’000 RMB’000 Results 業績 人民幣千元 人民幣千元 Revenue 收益 744,942 620,134 20.1% Profit before tax 稅前溢利 107 ,893 61,051 76.7% Income tax expense 所得稅開支 (23,256) (18,344) 26.8% Profit and total comprehensive income for the year 年內溢利及全面收入 總額 84,637 42,707 98.2% Earnings per share attributable to ordinary equity holders of the parent 母公司普通權益持有人 應佔每股盈利 – For profit for the year －年內溢利 0.63 0.32 96.9% As at 31 December 於十二月三十一日 2024 2023 Change 二零二四年 二零二三年 變動 RMB’000 RMB’000 Results 業績 人民幣千元 人民幣千元 Total assets 資產總值 2,045,036 1,796,856 13.8% Net current assets 流動資產淨值 679,713 586,624 15.9% Total assets less current liabilities 資產總值減流動負債 954,815 870,178 9.7% Total liabilities 負債總額 1,090,221 926,678 17 .6% Total equity 權益總額 954,815 870,178 9.7%
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7 Annual Report 2024 年報 Financial Highlights 財務摘要 As at 31 December 於十二月三十一日 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 Financial Statistics 財務數據 人民幣千元 人民幣千元 Current ratio (Note 1) 流動比率（附註1） 1.6 1. 6 Gearing ratio (Note 2) 資本負債比率（附註2） (60.2)% (41 .8)% Inventory turnover days (days) (Note 3) 存貨周轉天數 （天）（附註3） 254.1 285.5 Trade receivables turnover days (days) (Note 4) 貿易應收款項周轉天數 （天）（附註4） 266.7 297 .2 Trade payables turnover days (days) (Note 5) 貿易應付款項周轉天數 （天）（附註5） 128.1 141 Notes: 1 . Current ratio = current assets/current liabilities 2. Gearing ratio = (total bank loan – cash and cash equivalents)/total equity x 100% 3. Inventory turnover days = 365 days/(costs of sales/average balance of inventory (net off impairment)) 4. Trade receivables turnover days = 365 days/(revenue/average balance of trade receivables balance (net off impairment)) 5. Trade payables turnover days = 365 days/(cost of sales/average trade payables balance) 附註： 1. 流動比率＝流動資產╱流動負債 2. 資本負債比率＝ （銀行貸款總額－現金及現金等價物） ╱權益總額 x100% 3. 存貨周轉天數＝ 365天╱ （銷售成本╱存貨平均結餘 （扣 除減值） ） 4. 貿易應收款項周轉天數＝ 365天╱ （收益╱貿易應收款 項平均結餘 （扣除減值） ） 5. 貿易應付款項周轉天數＝ 365天╱ （銷售成本╱貿易應 付款項平均結餘）
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8 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Management Discussion and Analysis 管理層討論及分析 OVERVIEW The Group is a first-class manufacturer of environmental protection products in China specializing in the design, manufacture, installation and servicing of environmental protection products as well as a general contractor for air pollution control projects such as precipitators and flue gas desulfurisation and denitrification devices in China, with a primary focus on particulate emission control by offering mega-sized precipitators to customers in various industries. The Group has years of industry experience and a record of continual innovation in industrial technologies. The Group has formed an all-round technology research and development system comprising technical scheme design, engineering design centers and technical transformation project improvement. The Group has an R&D center in Hangzhou and employs more than 10 professional engineers, whose fields of expertise are environmental engineering, civil engineering and mechanical and electrical engineering. In addition, the Group ’s design center also employs a number of professionals. The Group has become a municipal R&D center and technology center in Shaoxing. During the Y ear, the Group generated its revenue primarily from (i) sales of environmental protection equipment; (ii) sales of materials; and (iii) rendering of services. The Group ’s sales of environmental protection equipment represented tailor-made and integrated atmospheric pollution control solutions offered by the Group to its customers, comprising engineering design, equipment procurement and manufacturing, supervision of installation and commissioning, customer training, and repair and maintenance services provided to its customers on a project basis. During the Y ear, the Group mainly offered three types of precipitators: electrostatic precipitators, bag filter precipitator and SO 2 and NOx emission reduction (desulfurisation and denitrification devices). The Group ’s sales of materials represented sales of materials, including raw materials, spare parts and components and scrap materials to related parties or independent third parties. 概述 本集團是專業致力於環保產品設計 、 製造 、 安裝 和服務的國內一流環保產品製造商 ， 也是國內除 塵裝置和煙氣脫硫脫硝裝置等大氣污染治理的 工程總承包 ， 主要專注於顆粒物的排放控制 ， 在 多個行業為客戶提供特大型除塵器 。 本集團擁有 多年的行業經驗且在行業技術方面持續追求創 新。 本集團形成了技術方案設計 、 工程設計中心和技 術改造專案提升等全方位的技術研發體系 。 本 集團在杭州設有研發中心 ， 聘用10多名專業工程 師 ， 他們的專業範疇分別在環境工程 、 土建工程 和機電工程 。 另外 ， 在本集團的設計中心亦聘用 多名專業人才 。 本集團成為紹興市級的研發中心 和技術中心 。 本年度 ， 本集團的收益主要產生自 (i)銷售環保設 備；(ii)銷售材料；及 (iii)提供服務 。 本集團銷售環保設備指本集團為客戶提供的度 身定製的綜合大氣污染防治解決方案 ， 包括按項 目向客戶提供工程設計 、 設備採購及製造 、 指導 安裝及調試 、 客戶培訓及維修與維護服務 。 本年度 ， 本集團主要提供三種除塵器：靜電除塵 器 、 袋式除塵器及減少二氧化硫及氮氧化物排放 （脫硫及脫硝裝置） 。 本集團銷售材料指向關聯方或獨立第三方銷售 的材料 ， 包括原材料 、 備件和部件及廢料 。
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9 Annual Report 2024 年報 Management Discussion and Analysis 管理層討論及分析 本集團提供服務指本集團按獨立基準向客戶提 供技術諮詢服務 ， 包括向並非由本集團建造的項 目提供維修及更換 ， 以及現場工程及維護服務 。 由於除塵器已在燃煤電廠 、 冶金廠 、 造紙廠及其 他工業生產廠房廣泛安裝 ， 因此 ， 本集團的客戶 群極為廣泛 ， 包括發電廠及工業生產廠房的項目 擁有人 ， 或承包發電廠及工業生產廠房的建造工 程的承包商 。 業務回顧 超大型除塵器是工業環保設備的重要組成部 分 ， 廣泛應用於發電 、 鋼鐵 、 水泥 、 化工及垃圾 焚燒等高污染排放行業 。 該等設備以高效去除顆 粒物著稱 ， 在控制工業排放 、 改善空氣品質方面 發揮著重要作用 。 在中國製造業快速發展的背景 下 ， 日益提升的環保要求已進一步推動除塵器市 場的增長 。 隨著全球製造業需求的增長以及各國對污染排 放實施更嚴格的規定 ， 中國製造的超大型除塵器 的需求持續增長 。 根據國際貨幣基金組織 (IMF) 的預測 ， 二零二四年全球製造業的增長率預計 將達到3.5%。 此外 ， 亞太地區的需求出現顯著增 長 ， 市場研究機構預測該地區環保設備市場的年 增長率將超過 10%。 該等數據表明 ， 全球製造業 的復甦及各國環保標準的提高正推動對中國製 造的超大型除塵器需求的不斷增長 。 作為 「世界工廠」 ， 中國製造業在國民經濟中佔據 重要地位 。 根據二零二三年的數據 ， 製造業對中 國國內生產總值的貢獻超過 30%， 包括重工業 、 輕工業及高科技產業 。 鋼鐵 、 水泥及化工等高污 染行業仍然是中國工業排放的主要來源 。 The Group ’s rendering of services represented its technology consultancy services provided to its customers on a stand-alone basis, which include repair and replacement, and on-site engineering and maintenance services for those projects which were not constructed by the Group. Precipitators are widely installed at coal-fired power plants, metallurgical plants, paper mills and other industrial production plants. As such, the Group has an extensive range of customers including the project owners of power plants and industrial production plants, or contractors who undertake the construction work of power plants and industrial production plants. BUSINESS REVIEW Super-large dust collectors are a crucial component of industrial environmental protection equipment, widely used in high-pollution emission sectors such as power generation, steel, cement, chemicals, and waste incineration. These devices, known for their high efficiency in particulate matter removal, play a key role in controlling industrial emissions and improving air quality. Against the backdrop of rapid development in China’s manufacturing sector, the increasing environmental protection requirements have further driven the growth of the dust collector market. As global manufacturing demand rises and various countries impose stricter regulations on pollution emissions, the demand for super-large dust collectors manufactured in China continues to increase. According to forecasts from the International Monetary Fund (IMF), the global manufacturing growth rate is projected to reach 3.5% in 2024. Additionally, demand in the Asia-Pacific region has shown significant growth, with market research institutions predicting an annual growth rate of over 10% for the environmental protection equipment market in this region. These data indicate that the recovery of global manufacturing and the enhancement of environmental standards in various countries are driving the rising demand for super-large dust collectors made in China. As the “world’s factory”, China’s manufacturing sector holds a significant position in the national economy. According to data from 2023, manufacturing contributes over 30% to China’s GDP , encompassing heavy industry, light industry, and high-tech industries. High-pollution industries such as steel, cement, and chemicals remain the primary sources of industrial emissions in China.
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10 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Management Discussion and Analysis 管理層討論及分析 隨著中國進入高品質發展階段 ， 製造業正逐步從 注重數量的模式向強調技術創新及綠色發展的 模式轉型 。 於二零二四年 ， 工業領域的節能減排 目標將進一步強化 ， 高污染企業必須完成超低排 放改造 。 超大型除塵器是該等改造的核心設備之 一。 此外 ， 中國的雙碳目標－到二零三零年達到碳排 放峰值 ， 到二零六零年實現碳中和－正在推動工 業領域環保技術的大幅升級 。 超大型除塵器通過 幫助減少工業排放及改善生態品質 ， 在實現該等 雙碳目標方面發揮著不可或缺的作用 。 二零二四年的政策重點是製造業的綠色轉型 ， 包括促進高耗能 、 高排放行業的工藝改進 。 國務 院 《製造業綠色轉型行動計劃》 強調加強環保技 術裝備應用 ， 提高工業清潔生產水準 。 根據國務 院於二零二四年五月實施的 《二零二四年至二 零二五年節能減碳行動計劃》 ， 預計到二零二五 年 ， 非化石能源消耗量將達到約 20%。 重點行業 的節能減碳改造預計可節約能源約 5,000萬噸標 準煤 ， 減少二氧化碳排放約1. 3億 噸。 As China enters a stage of high-quality development, the manufacturing sector is gradually transitioning from a model focused on quantity to one that emphasizes technological innovation and green development. In 2024, the energy conservation and emissions reduction targets in the industrial sector will be further strengthened, with high-pollution enterprises required to complete ultra-low emissions transformations. Super-large dust collectors are among the core equipment for these transformations. Additionally, China ’s dual carbon goals – aiming to reach peak carbon emissions by 2030 and achieve carbon neutrality by 2060 – are driving significant upgrades in environmental protection technologies within the industrial sector. Super-large dust collectors play an indispensable role in achieving these dual carbon targets by helping to reduce industrial emissions and improve ecological quality. The policy focus for 2024 is on the green transformation of the manufacturing sector, including the promotion of process improvements in energy-intensive and high- emission industries. The State Council ’s “Action Plan for the Green Transformation of Manufacturing ” emphasizes enhancing the application of environmental protection technologies and equipment to improve the level of clean production within industries. According to the “Energy Conservation and Carbon Reduction Action Plan for 2024- 2025” implemented by the State Council in May 2024, non-fossil energy consumption is expected to reach approximately 20% by 2025. The energy conservation and carbon reduction transformations in key industries are projected to yield energy savings equivalent to around 50 million tons of standard coal, resulting in a reduction of approximately 130 million tons of carbon dioxide emissions.
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11 Annual Report 2024 年報 Management Discussion and Analysis 管理層討論及分析 此外 ， 國家發改委已要求各省於二零二四年內對 年耗能 1萬噸標準煤以上的企業進行節能審查 。 到二零二五年年底 ， 審查範圍將擴大到年消耗 5,000噸標準煤以上的企業 ， 覆蓋約 70%的能源 消耗及碳排放 。 「十四五」 規劃亦確定了多項節能 減碳的約束性指標 ， 包括到 二零二五年每單位 GDP能耗下降 13.5%， 每單位GDP二氧化碳排放 下降18%。 該等目標進一步強化了製造業節能減 排的要求 ， 鼓勵企業加快採用先進的環保技術及 設 備。 為促進超大型除塵器行業的發展 ， 中國政府於二 零二四年出臺了一系列有針對性的扶持政策 ， 包 括為環保設備生產企業減稅 ， 減輕企業負擔 ， 鼓 勵技術創新及產能擴張 。 此外 ， 政府已設立環保 專項基金 ， 支持超大型除塵器的研究及應用 ， 尤 其是高污染行業的技術升級 。 環保部門已進一步 加強對重污染行業的監管 ， 要求安裝先進的除塵 設備 ， 以達到超低排放標準 。 該等措施為超大型 除塵器行業提供了強有力的政策支持及市場保 障。 隨著全球氣候變化問題的加劇 ， 各國對碳排放的 控制越來越嚴格 。 到二零二四年 ，120多個國家 承諾到二零二五年實現碳中和 ， 促使工業企業加 強減排措施 。 歐盟的碳邊境調整機制 (CBAM) 規 定 ， 從非歐盟地區進口的產品必須符合嚴格的碳 排放標準 ， 這進一步推動了製造業對高效環保設 備的需求 。 於二零二四年 ， 美國環保署(EPA)提出 了更嚴格的顆粒物 (PM2.5)排放限制 ， 要求製造 企業於二零二六年之前對其設施進行升級 。 該等 政策極大地促進了超大型除塵器的市場需求 。 Furthermore, the National Development and Reform Commission has mandated that provinces conduct energy conservation reviews for enterprises consuming over 10,000 tons of standard coal annually within 2024. By the end of 2025, this review scope will be expanded to include enterprises consuming over 5,000 tons of standard coal annually, covering about 70% of energy consumption and carbon emissions. The “14th Five-Y ear Plan ” has also established several binding indicators for energy conservation and carbon reduction, including a 13.5% decrease in energy consumption per unit of GDP and an 18% reduction in carbon dioxide emissions per unit of GDP by 2025. These objectives further intensify the requirements for energy conservation and emissions reduction in the manufacturing sector, encouraging enterprises to accelerate the adoption of advanced environmental protection technologies and equipment. To promote the development of the super-large dust collector industry, the Chinese government has introduced a series of targeted support policies in 2024, including tax reductions for environmental protection equipment manufacturers to alleviate the burden on enterprises and encourage technological innovation and capacity expansion. Additionally, the government has established a special environmental protection fund to support the research and application of super-large dust collectors, particularly in the technological upgrades of high-pollution industries. Environmental protection agencies have further strengthened their oversight of heavily polluting industries, requiring the installation of advanced dust collection equipment to meet ultra-low emission standards. These measures provide strong policy support and market assurance for the super-large dust collector industry. As global climate change issues intensify, countries are implementing increasingly strict controls on carbon emissions. By 2024, over 120 countries have committed to achieving carbon neutrality by 2050, prompting industrial enterprises to strengthen their emissions reduction measures. The European Union’s Carbon Border Adjustment Mechanism (CBAM) mandates that products imported from non-EU regions meet stringent carbon emission standards, further driving the manufacturing sector ’s demand for efficient environmental protection equipment. In 2024, the U.S. Environmental Protection Agency (EPA) proposed stricter particulate matter (PM2.5) emission limits, requiring manufacturing enterprises to upgrade their facilities by 2026. These policies significantly boost market demand for super-large dust collectors.
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12 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Management Discussion and Analysis 管理層討論及分析 於二零二四年 ， 各國在聯合國氣候變化大會 (COP29) 上達成了新的多邊環境協議 ， 承諾加強 對工業排放的控制 。 該等國際協議要求各國政府 採取更嚴格的環保措施 ， 促進製造企業採用高效 環保設備 ， 包括超大型除塵器等各種集塵過濾設 備。 由於政策要求及環境壓力 ， 中國及全球的鋼鐵 、 水泥及化工等高污染行業對高效超大型除塵器 的需求不斷增加 。 特別是在中國 ， 環保部門已於 於二零二四年提高排放標準 ， 要求各類污染物排 放達到超低排放標準 ， 從而推動了相關行業對先 進除塵設備的採購 。 與此同時 ， 全球對高效超大 型除塵器的需求也在持續增長 。 於二零二四年 ， 全球垃圾焚燒發電行業的市場規模預計將增至 332.8億美元 ， 超大型除塵器因其在焚燒過程中 有效去除顆粒物而備受青睞 。 隨著全球垃圾發電行業的發展 ， 對超大型除塵器 的需求也在不斷增加 。 據統計 ， 於二零二四年全 球垃圾發電行業的市場規模預計將增長 15%， 超大型除塵器因其在焚燒過程中能有效去除微 粒而受到青睞 。 此外 ， 隨著 「一帶一路」 倡議的推 進 ， 亞洲 、 非洲及中東市場對中國超大型除塵器 的需求大幅增長 。 於二零二四年 ， 多家中國企業 成功進入國際市場 ， 參與大型工業污染治理項 目。 In 2024, countries reached a new multilateral environmental agreement at the United Nations Climate Change Conference (COP29), committing to enhance controls on industrial emissions. These international agreements require governments to adopt stricter environmental protection measures, promoting the adoption of efficient environmental protection equipment by manufacturing enterprises, including various dust collection and filtration devices, such as super-large dust collectors. High-pollution industries such as steel, cement, and chemicals in China and globally are experiencing a rising demand for efficient super-large dust collectors due to policy requirements and environmental pressures. In particular, in China, the environmental protection agency has raised emission standards in 2024, requiring all types of pollutant emissions to meet ultra-low emission standards, thereby driving the procurement of advanced dust collection equipment in related industries. Concurrently, the global demand for efficient super-large dust collectors continues to grow. In 2024, the market size of the global waste-to- energy industry is expected to increase to $33.28 billion, with super-large dust collectors being favored for their effectiveness in removing particulates during the incineration process. As the global waste-to-energy sector develops, the demand for super-large dust collectors is also on the rise. According to statistics, the market size of the global waste- to-energy industry is projected to grow by 15% in 2024, with super-large dust collectors being preferred for their ability to efficiently remove particulates during incineration. Furthermore, with the advancement of the Belt and Road Initiative, the demand for Chinese super-large dust collectors in markets across Asia, Africa, and the Middle East has seen significant growth. In 2024, several Chinese companies successfully entered the international market, participating in large-scale industrial pollution control projects.
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13 Annual Report 2024 年報 Management Discussion and Analysis 管理層討論及分析 本年度 ， 本集團的收益及全面收入總額分別為約 人民幣7 44.9百萬元及約人民幣84.6百萬元 。 本年 度 ， 本集團毛利較去年同期的約人民幣 140.8百 萬元增加約 54.9%至約人民幣 218.2百 萬 元，且 本集團毛利率較去年增加約 22.7%至約 29.3%。 增加主要歸因於原材料鋼材價格下降 ， 以及年內 大部分合約屬本公司在競爭力方面更具優勢並 成功爭取到較高利潤率的大型項目 。 本年度 ， 本集團新合同的價值 （即本集團於特定 期間訂立的合同總值） 約為人民幣 1,549.6百萬 元 。 於二零二四年十二月三十一日 ， 本集團的未 完成合同額 （包括適用增值稅） （指根據截至某一 特定日期的未完成合同得出的有待完成工程的 估計合同總值及根據合同條款作出的假設表現） 約為人民幣 2,962.1百萬元 。 本集團於本年度的稅前溢利增加至約人民幣 107 .9百萬元 ， 且本公司擁有人應佔溢利則增加 至約人民幣 84.6百萬元 ， 分別按年增加約76.7% 及增加約 98.2%。 上述稅前溢利及本公司擁有人 應佔溢利的增加主要由於毛利增加 ， 惟部分增幅 被行政開支上升所抵銷 。 For the Y ear, the revenue and total comprehensive income of the Group amounted to approximately RMB7 44.9 million and approximately RMB84.6 million respectively. During the Y ear, the Group ’s gross profit amounted to approximately RMB218.2 million, representing an increase of approximately 54.9% as compared with approximately RMB140.8 million of the corresponding period of last year; and the Group ’s gross margin increased by approximately 22.7% from last year to approximately 29.3%. The increase was mainly attributable to the decrease in the price of raw material steel and the majority of contracts for the Y ear being large-scale projects where the Company is more competitive and managed to secure higher profit margins. For the Y ear, the value of the Group ’s new contracts (which represents the aggregate value of the contracts it entered into during a specified period) was approximately RMB1,549.6 million. As at 31 December 2024, the Group ’s backlog (including applicable value-added tax) (which represents the total estimated contract value of work that remains to be completed pursuant to outstanding contracts as of a certain date and assuming performance in accordance with the terms of the contract) was approximately RMB2,962.1 million. The Group ’s profit before tax for the Y ear increased to approximately RMB107 .9 million and profits attributable to owners of the Company increased to approximately RMB84.6 million, representing a year-on-year increase of approximately 76.7% and increase of approximately 98.2% respectively. The aforesaid increases in profit before tax and profits attributable to owners of the Company are mainly due to the increase in gross profit and the increase being partially offset by the increase in administrative expense.
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14 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Management Discussion and Analysis 管理層討論及分析 在提高產品銷售額的同時 ， 本集團大力加強成本 管理 ， 使產品及解決方案更具成本競爭力 。 本集 團提供的大氣污染防治解決方案主要包括自主 設計及製造的大氣污染防治裝置 。 本集團擁有根 據訂制設計方案製造及供應所承接項目的主要 大氣污染防治系統的資歷及專長 。 本集團致力於 改善生產流程及管理系統 ， 按照國際標準管理產 品質量及營運 、 減少所耗用能源及進行環境影響 評估 。 本集團的計量管理 、 環保管理及質量管理 系統獲發多項 ISO 合格證 。 該等系統有助公司估 算成本 ， 確保項目順利實施以及提升經營效率 。 於二零二四年十二月三十一日 ， 本集團在中國擁 有61項註冊專利 （包括5項發明專利及 56項實用 新型專利） 。 基於本集團強大設計及工程能力 ， 本集團主要向客戶提供全面大氣污染防治解決 方案 。 本集團提供的靜電除塵器型號繁多 ， 支持 介乎6兆瓦至逾 1,240兆瓦的發電機 。 本集團是中 國少數能為 1,000兆瓦或以上的單一發電裝置提 供靜電除塵器的製造商 。 於二零二四年十二月三十一日 ， 本集團共有 434 名全職僱員 （二零二三年：422名） 。 應付予本集 團僱員的薪酬包括基本工資 、 花紅及其他員工 福利 。 本集團定期檢討僱員的表現 ， 按僱員的資 歷 、 貢獻 、 年資及表現等因素釐定他們的薪酬 。 At the time of raising the amount of product sales, the Group spent great effort in enhancing cost management to make its products and solutions more cost competitive. The atmospheric pollution control solutions offered by the Group mainly comprise the atmospheric pollution control devices designed and manufactured by itself. The Group possesses the qualifications and expertise in manufacturing and supply of the key atmospheric pollution control system of the projects it undertakes based on customised design proposals. The Group is dedicated to improving its manufacturing process and management system by managing the product quality and operation, reducing energy consumption and assessing the environmental impact in accordance with international standards. The quantitative management, environmental management and quality management systems of the Group were awarded with a number of ISO certificates. These systems facilitate the Company in estimating costs, smoothening project operations and improving operating efficiency. As at 31 December 2024, the Group had 61 registered patents (including 5 invention patents and 56 utility model patents) in the PRC. Based on its strong design and engineering capabilities, the Group primarily provides comprehensive atmospheric pollution control solutions to its customers. The Group offers a wide range of models of electrostatic precipitators which support electricity generators with capacity spanning from 6MW to over 1,240MW. The Group is one of the few manufacturers in the PRC which provides electrostatic precipitators for single generator unit with capacity of 1,000MW or above. As at 31 December 2024, the Group maintained a total of 434 full-time employees (2023: 422). The remuneration payable to the Group ’s employees includes basic wages, bonuses and other staff benefit. The Group conducts periodic performance reviews for the employees and determine their remuneration based on factors including qualifications, contributions, years of experience and performance.
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15 Annual Report 2024 年報 Management Discussion and Analysis 管理層討論及分析 財務回顧 收益 本集團的收益由去年同期的約人民幣 620.1百萬 元增加約 20.1%至本年度的約人民幣 7 44.9百萬 元 。 增加的主要原因是本年度大部分合約為大型 項 目。 下表載列所示各年度本集團按分部劃分的收益 明細及各項目佔收益的百分比： 本集團銷售環保設備產生的收益佔總收益達約 99%。 視乎客戶的規格及要求 ， 本集團可為新安 裝項目或升級或改造項目提供一整套大氣污染 防治裝置 ， 包括除塵器 、 脫硫系統及╱或脫硝系 統 ， 或只單獨提供上述一種大氣污染防治裝置 。 本集團大部分銷售環保設備與製造 、 安裝及銷售 靜電除塵器有關 。 FINANCIAL REVIEW Revenue The revenue of the Group amounted to approximately RMB7 44.9 million for the Y ear representing an increase of approximately 20.1% from approximately RMB620.1 million of the corresponding period of last year. The increase was mainly due to the majority of contracts for the Y ear being large-scale projects. The following table sets forth a breakdown of the Group ’s revenue by segment and each item as a percentage of revenue for the respective years indicated: Y ear ended 31 December 截至十二月三十一日止年度 2024 2023 二零二四年 二零二三年 RMB’000 % RMB’000 % 人民幣千元 % 人民幣千元 % Revenue �� Sales of environmental protection equipment ������ 737 ,143 99 607 ,348 98 Sales of materials ��材料 7 ,705 1 12,781 2 Rendering of services 提供服務 94 0 5 0 Total �� 744,942 100 620,134 100 Revenue generated from sales of environmental protection equipment of the Group amounted to approximately 99% of its total revenue. Depending on the specifications and requirements of its customers, the Group may provide an integrated set of atmospheric pollution control devices comprising precipitators, desulfurisation system and/ or denitrification system, or only provide one type of the said atmospheric pollution control devices on a stand- alone basis towards new installation projects or upgrading or modification projects. A majority of the Group ’s sales of environmental protection equipment are related to the manufacturing, installation and sales of electrostatic precipitators.
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16 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Management Discussion and Analysis 管理層討論及分析 下表載列所示各年度按大氣污染防治解決方案 種類劃分的銷售環保設備的進一步收益明細： 本集團於本年度的收益主要來自銷售靜電除塵 器及袋式除塵器 。 於本年度 ， 與去年同期相比 ， 來自銷售靜電除塵器以及袋式除塵器的收益分 別增加約人民幣 196.9百萬元及約人民幣 29.8 百 萬元 ， 而銷售減少二氧化硫及氮氧化物排放 （脫 硫及脫硝裝置） 的收益減少約人民幣 64.0百萬 元。 The following table sets forth a further revenue breakdown of sales of environmental protection equipment by types of atmospheric pollution control solutions for the respective years indicated: Y ear ended 31 December 截至十二月三十一日止年度 2024 2023 二零二四年 二零二三年 RMB’000 % RMB’000 % 人民幣千元 % 人民幣千元 % Environmental protection equipment 環保設備 Ash removal and transfers 清除及轉移灰塵 – Electrostatic precipitator －靜電除塵器 633,089 86 436,146 72 – Bag filter precipitator －袋式除塵器 69,486 9 39,668 6 – Others (e.g. Pneumatic ash conveying system) －其他 （如氣力輸灰系統） 3,461 1 36,424 6 – SO2 and NOx emission reduction (desulfurisation and denitrification devices) －減少二氧化硫及氮氧化物 排放 （脫硫及脫硝裝置） 31,107 4 95,110 16 737 ,143 100 607 ,348 100 The Group’s revenue for the Y ear was mainly generated from sales of electrostatic precipitator and bag filter precipitator. During the Y ear, as compared with the corresponding period of last year, the revenue derived from sales of electrostatic precipitator and bag filter precipitator were increased by approximately RMB196.9 million and approximately RMB29.8 million respectively while the revenue derived from sales of SO 2 and NOx emission reduction (desulfurisation and denitrification devices) was decreased by approximately RMB64.0 million respectively.
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17 Annual Report 2024 年報 Management Discussion and Analysis 管理層討論及分析 憑藉有關新安裝項目的交付經驗 ， 本集團亦為發 電廠及其他行業提供大規模升級及改造項目 。 下 表載列所示各年度按新安裝項目以及升級╱改 造項目類型劃分的銷售環保設備的收益明細： 銷售成本 本集團銷售環保設備所產生的成本主要包括材 料成本 、 員工成本 、 折舊及經常費用成本 。 本集 團用於清除及轉移灰塵裝置以及脫硫及脫硝裝 置的製造過程的主要原材料為鋼材 、 電力儀器 、 過濾袋及其他 。 本集團的銷售成本由去年同期的約人民幣 479.3 百萬元增加約 9.9%至本年度的約人民幣 526.8百 萬 元。 With the experience in delivery of new installation projects, the Group also provided large scale upgrading and modification projects for power plants and other industries. The following table sets forth a revenue breakdown of sales of environmental protection equipment by types of new installation project as well as upgrading/modification project for the respective years indicated: Y ear ended 31 December 截至十二月三十一日止年度 2024 2023 二零二四年 二零二三年 RMB’000 % RMB’000 % 人民幣千元 % 人民幣千元 % Revenue �� Newly installed 新安裝 735,263 99 580,019 96 Upgrading/modification 升級╱改造 1,880 1 27 ,329 4 737 ,143 100 607 ,348 100 Cost of sales The Group ’s costs incurred in sales of environmental protection equipment principally comprise material costs, staff costs, depreciation and overhead costs. The Group ’s major raw materials used in the manufacturing process of ash removal and transfer devices and desulfurisation and denitrification devices are steel, electrical instruments, filter bags and others. The cost of sales of the Group amounted to approximately RMB526.8 million for the Y ear representing an increase of approximately 9.9% from approximately RMB479.3 million of the corresponding period of last year.
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18 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Management Discussion and Analysis 管理層討論及分析 毛利及毛利率 下表載列於所示各年度本集團的毛利及毛利率 （以佔收益的百分比呈列） 明細： 本集團的毛利由去年同期的約人民幣 140.8百萬 元大幅增加約人民幣 77 .4百萬元或約54.9%至本 年度的約人民幣 218.2百萬元 。 本集團本年度的 毛利率上升至約 29.3%。 增加主要歸因於原材料 鋼材價格下降 ， 以及本年度大部分合約屬本公司 在競爭力方面更具優勢並成功爭取到較高利潤 率的大型項目 。 其他收入及利得 本集團於本年度的其他收入及利得與去年同期 的約人民幣 21 .0百萬元相比大幅減少約 13.2%至 約人民幣 18.2百萬元 。 本集團本年度其他收入及 利得主要來自政府補助及應收賬款訴訟索賠分 別約人民幣 8.3百萬元及約人民幣 4.3百萬元 。 銷售及分銷開支 本集團的銷售及分銷開支由去年同期的約人民 幣22.1百萬元減少約人民幣 4.2百萬元至本年度 的約人民幣 1 7. 9百萬元 。 本集團的銷售及分銷開 支主要包括薪金及差旅費 ， 分別約為人民幣 6.9 百萬元及約人民幣 4.9百萬元 。 Gross profit and gross margin The following table sets forth the breakdown of gross profit and gross margin of the Group (stated as a percentage of revenue) for the respective years indicated: Y ear ended 31 December 截至十二月三十一日止年度 2024 2023 二零二四年 二零二三年 Gross profit (RMB’000) 毛利 （人民幣千元） 218,175 140,819 Gross margin (%) 毛利率 (%) 29.3% 22.7% The Group ’s gross profit of the Y ear amounted to approximately RMB218.2 million, representing a significant increase of approximately RMB77 .4 million or approximately 54.9% as compared with approximately RMB140.8 million of the corresponding period of last year. The gross margin of the Group increased to approximately 29.3% for the Y ear. The increase was mainly attributable to the decrease in the price of raw material steel and the majority of contracts in the Y ear being large-scale projects where the Company is more competitive and managed to secure higher profit margins. Other income and gains Other income and gains of the Group during the Y ear decreased to approximately RMB18.2 million, representing a significant decrease of approximately 13.2% from approximately RMB21 .0 million of the corresponding period of last year. The other income and gains of the Group of the year were mainly derived from government grants and litigation claim for account receivables amounting to approximately RMB8.3 million and approximately RMB4.3 million respectively. Selling and distribution expenses The Group ’s selling and distribution expenses of the Y ear amounted to approximately RMB17 .9 million, representing a decrease of approximately RMB4.2 million as compared with approximately RMB22.1 million of the corresponding period of last year. The selling and distribution expenses of the Group are mainly comprised of salaries and travelling expenses amounting to approximately RMB6.9 million and approximately RMB4.9 million respectively.
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19 Annual Report 2024 年報 Management Discussion and Analysis 管理層討論及分析 行政開支 本集團的行政開支由去年同期的約人民幣 53.3 百萬元增加約 61 .5%至本年度的約人民幣 86.2百 萬元 ， 主要由於： (i) 二零二四年的資產減值虧損增加約人民幣 9.5百萬元；及 (ii) 二零二四年的研發開支較二零二三年增加 人民幣13.7百萬元 。 融資成本 融資成本由去年同期的約人民幣 9.9百萬元減少 約9.4%至本年度的約人民幣 9.0百萬元 。 所得稅開支 本集團本年度的所得稅開支約為人民幣 23.3百 萬元 ， 而去年同期的所得稅開支約為人民幣 18.3 百萬元 。 貿易應收款項及應收票據 於二零二四年十二月三十一日 ， 本集團的貿易應 收款項及應收票據約為人民幣 586.6 百 萬 元，較 去年同期的約人民幣 560.0百萬元增加約人民幣 26.6百萬元 。 計提虧損撥備前的貿易應收款項較 去年同期增加約人民幣 52.4百萬元 ， 主要是由於 本年度收益增加 ， 同時計提虧損撥備前的應收票 據較去年同期減少約人民幣 14.9百萬元 ， 主要由 於本年度更多應收票據被用於結算貿易應付款 項所致 。 Administrative expenses The administrative expenses of the Group for the Y ear amounted to approximately RMB86.2 million, representing an increase of approximately 61 .5% as compared with approximately RMB53.3 million of the corresponding period of last year, mainly due to: (i) The impairment loss on assets in 2024 increased by approximately RMB9.5 million; and (ii) the R&D expenses in 2024 increase by RMB13.7 million as compared with 2023. Finance costs The finance costs of the Y ear amounted to approximately RMB9.0 million, representing a decrease of approximately 9.4% as compared with approximately RMB9.9 million of the corresponding period of last year. Income tax expenses The Group ’s income tax expenses of the Y ear amounted to approximately RMB23.3 million, as compared with the income tax expenses approximately RMB18.3 million of the corresponding period of last year. T rade and bills receivables As at 31 December 2024, the trade and bills receivables of the Group were approximately RMB586.6 million, increased by approximately RMB26.6 million as compared to approximately RMB560.0 million of the corresponding period of last year. The increase in trade receivables before provision for loss allowance by approximately RMB52.4 million as compared with the corresponding period of the last year is mainly due to the increase in the revenue during the Y ear while the decrease in bill receivables before provision for loss allowance by approximately RMB14.9 million as compared with the corresponding period of last year is mainly due to the fact that more bill receivables are used for the settlement of trade payables during the Y ear.
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20 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Management Discussion and Analysis 管理層討論及分析 存貨 於二零二四年十二月三十一日 ， 本集團的存貨約 為人民幣 366.8 百萬元 ， 較去年同期的約人民幣 37 4.9百萬元減少約人民幣 8.1百萬元 。 存貨主要 包括鋼材 、 過濾袋 、 電力儀器及其他部件 。 流動資金及資金來源 現金及現金等價物 於二零二四年十二月三十一日 ， 本集團的現金及 現金等價物約為人民幣 660.1 百萬元 ， 較去年同 期的約人民幣 453.1百萬元增加約人民幣 207 .0百 萬元 ， 主要由於： (i) 本集團於本年度的投資活動所用現金流出 淨額約人民幣 20.8百萬元 ， 主要包括已抵 押存款變動相關的現金流出約人民幣 20百 萬元； (ii) 本集團於本年度的經營所產生現金流入淨 額約人民幣 227 .6百萬元；及 債項 於二零二四年十二月三十一日 ， 本集團擁有未償 還銀行貸款 （不包括保證金貸款） 約人民幣 85百 萬 元。 流動資產淨值 於二零二四年十二月三十一日 ， 本集團的流動資 產淨值 （即流動資產總值與流動負債的差額） 由 去年同期的約人民幣 586.6 百萬元增加約 15.9% 至本年度的約人民幣 679.7百萬元 。 Inventories As at 31 December 2024, the Group experienced a decrease of inventories by approximately RMB8.1 million to approximately RMB366.8 million when compared to approximately RMB37 4.9 million of the corresponding period of last year. The inventories mainly consisted of steels, filter bags, electrical instruments and other components. Liquidity and capital resources Cash and cash equivalents As at 31 December 2024, the cash and cash equivalents of the Group increased by approximately RMB207 .0 million to approximately RMB660.1 million when compared to approximately RMB453.1 million of the corresponding period of last year, which was mainly due to: (i) the net cash outflow of approximately RMB20.8 million used in investing activities of the Group in the Y ear, which mainly consists of the cash outflow of approximately RMB20 million on the change in pledged deposits; (ii) the net cash inflow of approximately RMB227 .6 million generated from the operation of the Group in the Y ear; and Indebtedness As at 31 December 2024, the Group incurred outstanding bank loans (excluding margin loans) of approximately RMB85 million. Net current assets As at 31 December 2024, the net current assets of the Group (being the difference between total current assets and current liabilities) increased by approximately 15.9% from approximately RMB586.6 million of the corresponding period of last year to approximately RMB679.7 million for the Y ear.
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21 Annual Report 2024 年報 Management Discussion and Analysis 管理層討論及分析 資本支出 於本年度 ， 本集團收購了物業 、 廠房及設備約人 民幣2.0百萬元 ， 而並未收購任何使用權資產 。 外匯風險 本集團面臨交易貨幣風險 。 該等風險乃因經營單 位以其所用功能貨幣以外的貨幣進行銷售而產 生 。 本年度 ， 本集團約0%（二零二三年： 2.1% ） 的銷售是以經營單位所用功能貨幣以外的貨幣 計值進行銷售 。 目前 ， 本集團無意尋求對沖所面 臨的外匯波動 。 然而 ， 本集團的管理層將會持續 監控經濟形勢及本集團的外匯風險狀況 ， 並將於 日後有需要時考慮適當的對沖措施 。 重大收購及出售事項 本集團於本年度並無任何重大收購及出售附屬 公司 、 聯營公司及合營企業 。 重大投資事項 於本年度 ， 本集團並無任何重大投資事項 。 或然負債 本集團目前並無牽涉任何重大法律程序 ， 亦不 知悉任何涉及本集團的待決或潛在重大法律程 序 。 倘本集團牽涉於該等重大法律程序中 ， 則本 集團會在虧損可能已產生且虧損金額可合理估 計時根據當時可獲得的資料記錄任何虧損或或 然事項 。 於二零二四年十二月三十一日 ， 本集團並無任何 重大或然負債或擔保 。 Capital expenditure During the Y ear, the Group acquired property, plant and equipment of approximately RMB2.0 million and did not acquire any right-of-use assets. Exchange risk The Group has transactional currency exposures. Such exposures arise from sales by operating units in currencies other than the functional currencies adopted by the units. Approximately 0% (2023: 2.1%) of its sales for the Y ear were denominated in currencies other than the functional currencies of the operating units making the sale. At present, the Group does not intend to seek to hedge its exposure to foreign exchange fluctuations. However, the Group’s management will constantly monitor the economic situation and the foreign exchange risk profile of the Group, and will consider appropriate hedging measures in the future should the need arise. Major acquisitions and disposals The Group did not have any material acquisition and disposal of subsidiaries, associates and joint ventures during the Y ear. Significant investments During the Y ear, the Group did not have any significant investments. Contingent liabilities The Group is neither currently involved in any material legal proceedings nor aware of any pending or potential material legal proceedings involving itself. If the Group were involved in such material legal proceedings, the Group would record any loss or contingent events when, based on information then available, it is likely that a loss has been incurred and the amount of the loss can be reasonably estimated. As at 31 December 2024, the Group did not have any material contingent liabilities or guarantees.
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22 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Management Discussion and Analysis 管理層討論及分析 股息 董事會不建議派付本年度末期股息 （二零二三 年：無） 。 未來展望 在全球製造業需求增長 、 扶持政策及技術創新的 推動下 ， 超大型除塵器行業將迎來重大發展機 遇 。 隨著全球碳排放及污染法規的日益嚴格 ， 各 國都在加強對工業排放的控制 ， 導致對高效環保 設備的需求明顯增加 。 本集團將繼續投入更多時 間及資源 ， 研發高效節能的環保設備 ， 以滿足市 場對綠色技術的需求 ， 同時擴大本集團的環保設 備的種類 （比如除塵器 、 灰渣處理系統 、 煙氣脫 硫脫硝裝置等） ， 提升本集團的市場競爭力 。 此外 ， 隨著 「一帶一路」 倡議的推進 ， 本集團將積 極尋找合適的收購項目 ， 進一步涉足多元化的環 保減排產業 、 新材料及新能源領域 。 未來一年 ， 本集團將抓住市場拓展及國際合作的 機遇 ， 繼續加大技術創新投入 ， 滿足日益增長的 環保需求 。 這將有助於鞏固本集團的市場地位 ， 促進多元化發展 ， 從而擴大本集團的國內及國際 市場份額 。 本集團相信 ， 隨著全球環保技術需求的增長 ， 超 大型除塵器的應用前景將更加廣闊 。 本集團將繼 續推動工業污染控制及環境保護目標的實現 ， 將 本集團定位為環保減排行業的領導者 。 DIVIDENDS The Board does not recommend the payment of final dividend for the Y ear (2023: Nil). PROSPECTS The super-large dust collector industry is poised for significant development opportunities, driven by the growth in global manufacturing demand, supportive policies, and technological innovations. As carbon emissions and pollution regulations become increasingly stringent worldwide, countries are enhancing their control over industrial emissions, leading to a marked rise in the demand for efficient environmental protection equipment. The Group will continue to invest more time and resources in the research and development of energy-efficient environmental protection devices to meet market demands for green technologies, while also expanding the Group ’s range of environmental protection equipment (such as dust collectors, ash handling systems, and flue gas desulfurization and denitrification devices) to enhance the Group market competitiveness. Moreover, with the advancement of the Belt and Road Initiative, the Group will actively seek suitable acquisition projects to engage further in diverse environmental protection and emissions reduction industries, as well as in the fields of new materials and new energy. In the coming year, the Group will seize opportunities for market expansion and international cooperation, continuing to increase investments in technological innovation to meet the growing environmental protection demands. This will help solidify the Group ’s market position and promote diversification, thereby expanding the Group ’s domestic and international market share. The Group believes that as global demand for environmental protection technologies increases, the application prospects for super-large dust collectors will become even broader. The Group will continue to drive the achievement of industrial pollution control and environmental protection goals, positioning the Group as a leader in the environmental protection and emissions reduction industry.
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23 Annual Report 2024 年報 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 BOARD OF DIRECTORS The Board currently consists of nine members, comprising three executive Directors, three non-executive Directors and three independent non-executive Directors. The powers and duties of the Board include convening Shareholders ’ meetings and reporting the Board ’s work at Shareholders ’ meetings, implementing resolutions passed at Shareholders’ meetings, determining the Group ’s business plans and investment plans, formulating the Group ’s annual budget and final accounts, formulating proposals for profit distributions and for the increase or reduction of share capital as well as exercising other powers, functions and duties as conferred by the articles of association of the Company (“Articles of Association”). Each of the Directors has entered into a service contract/letter of appointment with the Group. Executive Directors Mr. BIAN Yu（邊宇）(“Mr. Bian”), aged 41, was re-elected as an executive Director and the general manager of the Company on 30 May 2022. Mr. Bian was also appointed as the Vice-chairman of the Board on 15 February 2023. Mr. Bian has approximately 20 years of experience in the business of provision of atmospheric pollution control solutions. Mr. Bian has also been the executive director of various subsidiaries of the Company including Zhejiang Tianjie Environmental Engineering Company Limited* （浙江天潔環境工程有限公司） (“Tianjie Environmental Engineering ”) and Zhuji City Tianjie Electronic and Technology Co., Ltd.*（諸暨市天潔電子科技有限公司） and Turpan Environmental Technology Co., Ltd.* （吐魯番天潔環 境科技有限公司） since March 2008, June 2009 and July 2013 respectively. Mr. Bian has worked as a director of Tengy Group Limited* （天潔集團有限公司） (“TGL ”) since August 2003. He is responsible for the overall strategies, planning and business development of TGL. Particularly, he focuses on the management of the business of the provision of atmospheric pollution control solutions carried on by TGL prior to the establishment of the Company in December 2009. From September 2005 to December 2007 , he served in various positions such as general commander and general manager in different departments in the subsidiaries of TGL such as Zhejiang Runtian Magnetic Materials Co., Ltd.*（浙江潤天磁性材料有限公司） (“Runtian Magnetic Materials”), Zhejiang Tianjie New Materials Co., Ltd.* （浙 江天潔新材料有限公司） (“Tianjie New Materials ”) and Zhejiang Tianjie Magnetic Materials Co., Ltd*. （浙江天潔 磁性材料股份有限公司） which were principally engaged in manufacturing, processing and marketing of steel blade and he was mainly responsible for the overall operation and production management. 董事會 董事會現由三名執行董事 、 三名非執行董事及三 名獨立非執行董事共九名成員組成 。 董事會的權 力及職責包括：召開股東大會 、 於股東大會上報 告董事會的工作 、 推行於股東大會上通過的決議 案 、 釐定本集團的業務計劃及投資計劃 、 制定本 集團的年度預算及決算賬目 、 制定關於溢利分派 及股本增減的方案 ， 以及行使本公司組織章程細 則 （「組織章程細則 」 ） 所賦予的其他權力 、 職能及 職責 。 各董事均已與本集團訂立服務合約╱委任 函。 執行董事 邊宇先生（「邊先生 」），41歲 ， 於二零二二年五月 三十日獲重選為本公司執行董事兼總經理 。 邊先 生亦已於二零二三年二月十五日獲委任為董事 會副主席 。 邊先生於提供大氣污染防治解決方案 業務方面具備約 20年經驗 。 邊先生亦自二零零八 年三月 、 二零零九年六月及二零一三年七月起分 別擔任本公司多間附屬公司 （包括浙江天潔環境 工程有限公司 （ 「天潔環境工程 」 ） 、 諸暨市天潔電 子科技有限公司及吐魯番天潔環境科技有限公 司） 的執行董事 。 邊先生自二零零三年八月起擔任天潔集團有限 公 司 （「TGL 」 ） 的董事 ， 彼負責TGL的整體策略 、 規劃及業務發展 。 尤其是 ， 彼在本公司於二零零 九年十二月成立之前均專注於管理 TGL 所進行 有關提供大氣污染防治解決方案的業務 。 彼於 二零零五年九月至二零零七年十二月期間分別 於TGL的附屬公司 （如浙江潤天磁性材料有限公 司 （「潤天磁性材料 」 ） 、 浙江天潔新材料有限公 司 （「天潔新材料 」 ） 及浙江天潔磁性材料股份有 限公司） 的不同部門擔任多項職務 ， 如總指揮及 總經理 ， 該等公司主要從事製造 、 加工及營銷鋼 片 ， 而邊先生於該等公司中主要負責整體營運及 生產管理 。
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24 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 彼在多間不同公司擔任董事 ， 例如自二零零八年 四月起於浙江天潔通用機械有限公司 （ 「 天潔通 用機械」 ） （主要從事製造及營銷機械及零件） 、 自 二零一零年七月至二零一二年十月於上海平川 金屬材料有限公司 （主要從事金屬材料 、 建築材 料及化學原材料銷售） 、 自二零一零年八月至二 零一五年五月於上海國拓礦業投資有限公司 （主 要從事礦場管理及勘察以及開採技術開發） 及自 二零一一年六月至二零一六年十二月於諸暨市 天潔小額貸款有限公司 （主要從事在諸暨市提供 小額貸款及金融諮詢服務） 擔任董事 ， 並自二零 一一年十一月至二零一六年二月擔任諸暨市天 宇實業投資有限公司 （主要從事房地產開發及物 業投資） 的董事會主席 ， 以及自二零一一年九月 起擔任諸暨市潤天物業管理有限公司 （主要從事 物業管理） 的執行董事 。 彼主要負責就營運及業 務策略向上述實體提供意見 。 邊先生現任浙江省環保裝備行業協會理事會的 副會長 。 自二零一四年二月起 ， 其亦擔任中國環 境保護產業協會電除塵委員會第六屆電除塵委 員會的副主任委員 。 邊先生於二零零五年六月畢業於浙江大學 ， 獲頒 機械工程及自動化學士學位 。 彼於二零零八年一 月自英國杜倫大學取得企業及國際金融理學碩 士學位 。 彼為邊建光先生的兒子 、 邊姝女士的弟 弟和章袁遠先生的妻弟 。 邊先生為包括邊建光先生 、 邊姝女士及其自身家 族 （「邊氏家族 」 ） 的成員 ， 而邊氏家族是本公司 的控股股東 （ 「控股股東 」 ） （定義見香港聯合交易 所有限公司 （ 「聯交所 」 ） 證券上市規則 （ 「上市規 則」））。 He worked as a director in various companies such as Zhejiang Tianjie General Machinery Co., Ltd.* （浙江天潔通 用機械有限公司）(“Tianjie General Machinery ”) (being principally engaged in manufacturing and marketing of machinery and parts) since April 2008, Shanghai Pingchuan Metal Material Co., Ltd* （上海平川金屬材料有限公司） (being principally engaged in sale of metal materials, construction materials and chemical raw materials) from July 2010 to October 2012, Shanghai Guotuo Mining Investments Limited* （上海國拓礦業投資有限公司） (being principally engaged in management and exploration of mines and development of mining technology) from August 2010 to May 2015, Zhuji Tengy Small Loan Co. Ltd* （諸暨市天潔 小額貸款有限公司）(being principally engaged in providing small loan and financial consultancy service in Zhuji City) from June 2011 to December 2016, and as chairman of the board of Zhuji City Tianyu Industry Investment Ltd* （諸暨 市天宇實業投資有限公司） (being principally engaged in real estate development and property investment) from November 2011 to February 2016 and as executive director of Zhuji City Runtian Property Management Ltd.* （諸暨 市潤天物業管理有限公司） (being principally engaged in property management) since September 2011 . He was mainly responsible for advising on operational and business strategy of the foregoing entities. Mr. Bian is currently the Vice President of Zhejiang Association of Equipment Industries for Environmental Protection（浙江省環保裝備行業協會理事會） . He has also been the deputy officer member* （副主任委員）of the Electrostatic Precipitator Committee of The Environmental Protection Industry* （中國環境保護產業協會電除塵委員會 第六屆電除塵委員會）since February 2014. Mr. Bian graduated with a bachelor ’s degree in mechanical engineering and automation from Zhejiang University （浙 江大學）in June 2005. He obtained his master of science degree in corporate and international finance from University of Durham in the United Kingdom in January 2008. He is the son of Mr. Bian Jianguang, the brother of Ms. Bian Shu and the brother-in-law of Mr. Zhang Yuanyuan. Mr. Bian is a member of the family comprising Mr. Bian Jianguang, Ms. Bian Shu and himself ( “Bian Family ”) and the Bian Family is a controlling shareholder (within the meaning of the Rules ( “Listing Rules ”) Governing the Listing of Securities on the The Stock Exchange of Hong Kong Limited ( “Stock Exchange ”) of the Company (“Controlling Shareholders “, each being a “Controlling Shareholder”).
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25 Annual Report 2024 年報 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 章袁遠先生 ，43歲 ， 於二零二二年五月三十日獲 委任為本公司執行董事 。 章袁遠先生在提供大氣 污染防治解決方案業務方面擁有約 14年經驗 。 章袁遠先生自二零零七年五月至二零零九年一 月擔任江西晨宇鋁業有限公司 （ 「晨宇鋁業 」） 的 總經理 ， 該公司主要從事有色金屬加工 、 生產 、 行銷及買賣機械及部件 、 金屬產品及部件 、 金屬 門窗及電子產品 ， 而彼負責整體營運及管理 。 彼 自二零零八年五月起擔任浙江天潔新能源股份 有限公司 （主要從事風力發電及太陽能發電） 的 董事 ， 負責就營運策略提供意見 、 出席董事會會 議以及評估業務營運及發展策略 。 彼自二零零九 年一月起擔任 TGL 總 裁，負 責TGL 的整體管理及 業務營運 。 彼目前為上海鋁業行業協會的副理事 長 。 彼於二零零九年十二月二十八日至二零一九 年五月三十一日擔任本公司的非執行董事 。 章袁遠先生於二零零三年七月自同濟大學取得 應用物理學士學位 。 彼於二零零七年七月自澳洲 悉尼科技大學取得工程管理碩士學位 。 彼為邊姝 女士的配偶 、 邊宇先生的姐夫及邊建光先生的女 婿 。 邊宇先生 、 邊姝女士及邊建光先生為邊氏家 族的成員 ， 而邊氏家族為控股股東 。 MR. ZHANG Yuanyuan（章袁遠）, aged 43, is an executive Director of the Company appointed on 30 May 2022. Mr. Zhang Yuanyuan has approximately 14 years of experience in the business of the provision of atmospheric pollution control solutions. From May 2007 to January 2009, Mr. Zhang Yuanyuan worked as the general manager of Jiangxi Chenyu Aluminium Industry Ltd.* （江西晨宇鋁業有限公司） (“Chenyu Lvye ”) which was principally engaged in the non-ferrous metals processing, production, marketing and trading of machineries and components, metal products and components, metal doors and windows and electrical products, and he was responsible for its overall operation and management. He has been working as the director of Zhejiang Tianjie New Energy Co., Ltd. (being principally engaged in wind power generation and solar power generation) since May 2008 and was responsible for giving advice on operation strategy, attending board meeting and evaluation of business operation and development strategy. He has been working as the president of TGL since January 2009 and is responsible for the overall management and business operation of TGL. He is currently the vice chairman of Shanghai Aluminum Trade Association （上海鋁業行業協 會）. He was a non-executive Director of the Company from 28 December 2009 to 31 May 2019. Mr. Zhang Yuanyuan holds a bachelor ’s degree of applied physics from Tongji University（同濟大學） in July 2003. He holds a master degree of engineering management from the University of Technology, Sydney （悉尼科技大學） in Australia in July 2007 . He is the spouse of Ms. Bian Shu, the brother-in-law of Mr. Bian Yu and the son-in-law of Mr. Bian Jianguang. Mr. Bian Yu, Ms. Bian Shu and Mr. Bian Jianguang are members of the Bian Family and the Bian Family is a Controlling Shareholder.
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26 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 邊姝女士，43歲 ， 執行董事兼本公司行政部副經 理 。 彼於二零二二年五月三十日獲重選為本公 司執行董事及自二零一四年九月起就任本公司 行政部副經理 。 邊姝女士曾於二零零六年二月 至二零一零年一月擔任 TGL人力資源部經理 ， 負 責TGL的人力資源管理及行政工作 。 彼於二零一 零年二月至二零一一年十二月擔任 TGL 的財務 總監 ， 負責會計事宜以及財務規劃及管理 。 邊姝 女士自二零一一年十二月起至二零一四年八月 擔任TGL的副總裁 ， 負責日常營運及管理並在必 要時代理總裁一職 。 此外 ， 彼自二零零九年十二 月二十八日起至二零一六年五月三十一日擔任 本公司監事會 （ 「監事會」 ， 各成員為 「監事」） 的 主 席 ， 且自二零一四年五月十日起至二零一六年五 月三十一日擔任職工代表監事 ， 主要負責督導及 監察董事及本公司其他高級管理層成員的表現 。 邊姝女士於二零零三年六月自浙江大學取得哲 學學士學位 。 彼於二零零六年十月自悉尼大學取 得國際商務碩士學位 。 彼為邊宇先生的姐姐 、 邊 建光先生的女兒和章袁遠先生的配偶 。 邊姝女士為邊氏家族的成員 ， 而邊氏家族為控股 股 東。 非執行董事 余吉女士，42歲 ， 於二零零零年七月取得浙江公 路技師學院計算機副學士學位 。 彼隨後於二零零 四年七月取得海南大學的運輸管理 （工程管理） 副學士學位 。 彼隨後於二零零八年一月取得國家 開放大學法學學士學位 。 彼進一步於二零一三 年七月取得浙江大學遠程教育土木工程 （工程管 理） 學士學位 。 Ms. BIAN Shu （邊姝）, aged 43, is an executive Director and the deputy manager of the administration department of the Company. She was re-elected as an executive Director of the Company on 30 May 2022, and has served as the deputy manager of the administration department of the Company since September 2014. Previously, Ms. Bian Shu worked as the manager of the human resources department of TGL from February 2006 to January 2010 and was responsible for the human resources management and administration work of TGL. She worked as the chief financial officer of TGL between February 2010 to December 2011 and was responsible for accounting matters and financial planning and management. Ms. Bian Shu served as the vice president of TGL from December 2011 to August 2014, and was responsible for day-to-day operations and management and to deputise the president when necessary. Furthermore, she served as the chairman of the supervisory committee of the Company ( “Supervisory Committee“, each member thereof being “Supervisor”) from 28 December 2009 to 31 May 2016 and as the employee representative Supervisor from 10 May 2014 to 31 May 2016, and was primarily responsible for supervising and overseeing the performance of the Directors and other senior management members of the Company. Ms. Bian Shu holds a bachelor ’s degree of philosophy from Zhejiang University in June 2003. She holds a master degree of international business from the University of Sydney in October 2006. She is the sister of Mr. Bian Yu, the daughter of Mr. Bian Jianguang and the spouse of Mr. Zhang Yuanyuan. Ms. Bian Shu is a member of the Bian Family and the Bian Family is a Controlling Shareholder. Non-executive Directors Ms. YU Ji （余吉）, aged 42, obtained an associate degree in computer at Zhejiang Highway Technicians College in July 2000. She then obtained an associate degree in transportation management (engineering management) at Hainan University in July 2004. She then obtained a bachelor’s degree in law at The Open University of China in January 2008. She further obtained a bachelor ’s degree in distance education civil engineering (engineering management) at Zhejiang University in July 2013.
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27 Annual Report 2024 年報 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 自二零零零年十月至二零一五年十月 ， 余吉女士 任職於浙江省衢州市交通建設集團有限公司經 營部 。 自二零一五年十月至二零一八年十一月 ， 彼任職於常山縣財政局經濟建設科 ， 最後擔任職 務為副科長 。 自二零一八年六月至二零二二年六 月 ， 彼同時擔任常山縣基礎設施投資基金董事 長兼總經理 。 自二零一八年十一月至二零一九年 十二月 ， 彼擔任常山縣政府投資項目評審中心 綜合科科長 。 自二零一九年十二月至二零二三年 十一月 ， 彼於常山經濟建設科擔任科長 。 自二零 二三年十一月起 ， 彼於常山縣國有資產投資運 營有限責任公司擔任副總經理 。 於二零二二年 ， 彼亦擔任常山縣第十七屆人民代表大會代表 。 自 二零二三年十二月二十三日以來 ， 彼已獲委任為 本公司主要股東常山縣常投控股有限公司 （前稱 常山縣國熙股權投資有限公司） 的執行董事兼經 理。 祝賢波先生 ，58歲 ， 於二零二二年五月三十日獲 重選為非執行董事 。 彼於二零二三年二月十五日 獲委任為董事會主席 。 彼於一九八七年二月至 一九九四年七月擔任諸暨市第二絲廠企管辦 、 項 目辦的主任 ； 於一九九四年七月至二零零二年一 月擔任諸暨佳思織造有限責任公司的副總經理 ； 於二零零二年二月至二零零三年九月擔任浙江 漢宇安全技術有限公司的副總經理 ； 於二零零三 年九月至二零零六年一月擔任諸暨市城關鋁製 品廠的副廠長 ； 於二零零六年二月至二零零九年 三月擔任諸暨華海氨綸有限公司的總經理 ； 於二 零零九年四月至二零一七年三月擔任浙江軍馬 神鋁業有限公司的副總經理 。 彼自二零一七年三 月起擔任 TGL的副總裁 。 From October 2000 to October 2015, Ms. Yu Ji worked for the business department of Zhejiang Quzhou Transportation Construction Group Co., Ltd. From October 2015 to November 2018, she worked at the economic and building department of Changshan Finance Bureau with her last position as the deputy section chief. From June 2018 to June 2022, she concurrently served as the chairman and the general manager of 常山縣基礎設施投資基金 (for transliteration purpose only, Changshan Infrastructure Investment Fund). From November 2018 to December 2019, she worked as the section chief at the general department of 常山縣政府投資項目評審中心 (for transliteration purpose only, Changshan County Government Investment Project Review Center). From December 2019 to November 2023, she worked as the section chief at the Changshan economic and building department. From November 2023 onwards, she has been working as the deputy general manager at 常山縣國有資產投資運營有限責任公司 (for transliteration purpose only, Changshan County State-owned Assets Investment and Operation Co., Ltd.). She was also the representative at the 17th People ’s Congress of Changshan County in 2022. She has been appointed as an executive director and manager of Changshan County Changtou Holdings Co., Ltd.*( 常山縣常投控股有限公司 )(formerly known as 常山縣國熙股權投資有限公司 (for transliteration purpose only, Changshan County Guoxi Equity Investment Co., Ltd.)), a substantial shareholder of the Company, since 23 December 2023. Mr. ZHU Xian Bo （祝賢波）, aged 58, is a non-executive Director re-elected on 30 May 2022. He was appointed as the Chairman of the Board on 15 February 2023. He was appointed as the director of the corporate governance department and project management department at the second silk factory in Zhuji City from February 1987 to July 1994; the deputy general manager of Zhuji Jiasi Knitters Co., Ltd.* （諸暨佳思織造有限責任公司） from July 1994 to January 2002; the deputy general manager of Zhejiang Hanyu Security Technology Co., Ltd.*（浙江漢宇安全技術有 限公司）from February 2002 to September 2003; the deputy factory director of Zhuji Chengguan Aluminum Products Factory*（諸暨市城關鋁製品廠）from September 2003 to January 2006; the general manager of Zhuji Huahai Anlun Co., Ltd.* （諸暨華海氨綸有限公司） from February 2006 to March 2009; the deputy general manager of Zhejiang Junmashen Aluminium Co., Ltd.* （浙江軍馬神鋁業有限公 司）from April 2009 to March 2017 . He has served as the vice president of TGL since March 2017 .
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28 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 祝賢波先生於一九八四年七月參加全國高考 ， 同年九月被浙江寧波機械工業學校取錄 ， 並於 一九八七年一月取得浙江寧波機械工業學校企 業管理專業畢業文憑 ； 於一九九一年十二月通過 高等教育自學考試取得浙江工學院工業管理工 程專科畢業證書 ； 於二零零零年六月至二零零二 年三月在浙江大學管理科學與工程專業進修研 究生課程並取得結業證書 ； 並於二零零五年六月 取得西南科技大學網絡教育法學專業本科畢業 證書 。 彼持有諸暨市人事局頒發的高級經濟師職 稱 ， 並於二零一一年四月經上海鋁業行業協會專 業技術水平職稱評審認證委員會評審取得高級 工程師任職資格 。 彼於二零二一年十二月三十一 日取得浙江省高級經濟師職務任職資格評審委 員會的高級經濟師專業資格 。 陳建誠先生 ，61歲 ， 於二零二二年五月三十日 獲重選為本公司非執行董事 。 陳建誠先生自 一九九五年六月至二零零零年一月擔任 TGL 總 經理助理 。 自二零零三年六月至二零零八年十二 月彼擔任浙江立宇不銹鋼有限公司副總經理 。 自 二零零四年一月起擔任 TGL技術總監 ， 主要負責 技術研發及產品質量控制 。 陳建誠先生於一九七九年七月畢業於諸暨市牌 頭中學 。 獨立非執行董事 酈建楠先生 ，47歲 ， 於二零二二年五月三十日獲 重選為本公司獨立非執行董事 。 彼在中國的會計 及金融行業擁有逾 21年經驗 。 Mr. Zhu Xian Bo attended the national higher education entrance examination in July 1984, was admitted to Zhejiang Ningbo Mechanic Industrial School* （浙江寧波機械工業學 校）in September the same year, and obtained a Diploma of Business Administration from Zhejiang Ningbo Mechanic Industrial School*（浙江寧波機械工業學校）in January 1987; passed the self-study examination for higher education in December 1991 and received a Diploma of Industrial Management Engineering from Zhejiang University of Technology; pursued postgraduate study of management science and engineering in Zhejiang University from June 2000 to March 2002 and obtained completion certificate; received an undergraduate diploma in law through online education from Southwest University of Science and Technology in June 2005. He was recognised as a senior economist by Zhuji Municipal Personnel Bureau （諸暨市人 事局）, and was granted the qualification of practising as a senior engineer by Accreditation Commission of Technical Expertise Level of Shanghai Aluminum Trade Association（上 海鋁業行業協會專業技術水平職稱評審認證委員會） in April 2011 . On 31 December 2021, he obtained the professional qualification of senior economist from Zhejiang Provincial Senior Economist Qualification Evaluation Committee （浙江 省高級經濟師職務任職資格評審委員會） . Mr. CHEN Jiancheng （陳建誠）, aged 61, was re-elected as a non-executive Director of the Company on 30 May 2022. Mr. Chen Jiancheng worked as an assistant to general manager of TGL from June 1995 to January 2000. He served as the vice general manager of Zhejiang Liyu Stainless Steel Co. Ltd.* （浙江立宇不銹鋼有限公司） from June 2003 to December 2008, and became the chief technology officer（技術總監）of TGL since January 2004, primarily responsible for technological research and development as well as product quality control. Mr. Chen Jiancheng graduated from Zhuji Paitou Middle School*（諸暨市牌頭中學）in July 1979. Independent Non-executive Directors Mr. LI Jiannan （酈建楠）, aged 47 , was re-elected as an independent non-executive Director of the Company on 30 May 2022. He has over 21 years of experience in accounting and finance industry in the PRC.
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29 Annual Report 2024 年報 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 酈建楠先生於二零零一年在中國西南財經大學 取得會計學學士學位 。 彼為中國註冊會計師及註 冊稅務師 。 彼現時於諸暨市廣信會計師事務所有 限公司任職諮詢部主任 。 馮鉅基先生 ，44歲 ， 於二零二二年五月三十日獲 重選為本公司獨立非執行董事 。 彼在會計領域擁 有逾22年的工作經驗 。 彼在就公司融資事項 （包 括上市公司及私人公司的首次公開發售前 、 併購 及公司管治及一般合規事宜） 提供建議方面極富 經 驗。 馮鉅基先生於二零零三年十月畢業於香港理工 大學 ， 獲得會計學學士學位 。 彼為向香港企業提 供專業企業諮詢的供應商滙業聯通會計師事務 所有限公司及奧德盛會計師事務所有限公司的 創始人之一 ， 並分別自二零一四年八月及二零 一六年七月起一直為該等公司的合夥人 。 自二 零一一年五月至二零一四年三月 ， 彼曾擔任凱崙 （香港） 有限公司的助理財務經理 ， 主要從事時 裝零售 。 自二零零八年十二月至二零一一年五 月 ， 彼曾先後擔任香港立信會計師事務所有限 公司的核數師及香港立信德豪會計師事務所有 限公司助理經理 （因香港立信會計師事務所有限 公司合併所致） ， 而該公司為BDO International Limited 的香港成員所 。 自二零零六年一月至二 零零八年十月 ， 彼曾任香港立信德豪會計師事務 所有限公司核數師 。 自二零零三年十月至二零零 五年十二月 ， 彼為專業顧問公司 CWCC（在香港 及中國內地主要城市提供全方位的商業服務） 的 核數師 。 馮鉅基先生亦為飛道旅遊科技有限公司 （股份代號： 8069 ） 及倢冠控股有限公司 （股份 代號：8606 ） 的公司秘書 。 馮鉅基先生自二零零七年起為特許公認會計師 公 會 （「ACCA 」 ） 的會員 。 彼自二零一一年起亦為 香港會計師公會 （ 「香港會計師公會 」） 會 員 。 馮鉅基先生於二零二一年八月六日獲委任為中 滔環保集團有限公司 （一家股份於聯交所主板上 市的 公司 ， 前股份代號：1363） 的獨立非執行董 事，直 至二零二一年九月十日撤銷上市為止 。 Mr. Li Jiannan obtained a Bachelor ’s degree in accounting at Southwestern University of Finance and Economics, the PRC in 2001 . He is a certified public accountant and a certified tax agent in the PRC. He is currently the director of consultation department of Zhuji City Guangxin Certified Public Accountants Company Limited* （諸暨市廣信會計師 事務所有限公司）. Mr. FUNG Kui Kei Jonas （馮鉅基）, aged 44, was re- elected as an independent non-executive Director of the Company on 30 May 2022. He has more than 22 years of work experience in the accounting field. He is extremely experienced in advising on corporate finance matters including pre-IPO, acquisitions and mergers, and corporate governance and general compliance issues for listed companies and private companies. Mr. Fung Kui Kei graduated with a bachelor ’s degree in accounting from the Hong Kong Polytechnic University （香 港理工大學）in October 2003. He is one of the founders of JMD & PME CPA Limited and OCTOSEC CPA LIMITED, providers of professional corporate advisory to enterprises in Hong Kong, and has been a partner of the same since August 2014 and July 2016 respectively. From May 2011 to March 2014, he worked as the assistant finance manager of AZONA (HK) LIMITED principally engaged in fashion retail. From December 2008 to May 2011, he was the auditor of Shu Lun Pan Hong Kong CPA LIMITED and subsequently the assistant manager of BDO Limited (due to a merger between Shu Lun Pan Hong Kong CPA LIMITED), which is the Hong Kong member firm of BDO International Limited. From January 2006 to October 2008, he was the auditor of BDO Limited. From October 2003 to December 2005, he was an auditor in CWCC, a professional advisory firm providing a full range of business services in Hong Kong and major cities in mainland China. Mr. Fung Kui Kei is also the company secretary of WWPKG Holdings Company Limited (stock code:8069) and Kinetix Systems Holdings Limited (stock code: 8606). Mr. Fung Kui Kei has been a member of the Association of Chartered Certified Accountants ( “ACCA”) since 2007 . He has also been a member of the Hong Kong Institute of Certified Public Accountants (“HKICPA”) since 2011 . Mr. Fung Kui Kei was appointed as an independent non- executive director of CT Environmental Group Limited, a company whose shares were listed on the main board of the Stock Exchange (former stock code: 1363) until cancellation of its listing on 10 September 2021 with effect from 6 August 2021 .
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30 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 汪峰先生，36歲 ， 於二零一零年取得安徽師範大 學環境科學學士學位 。 彼於二零一二年進一步取 得南京大學環境規劃與管理碩士學位 ， 並於二零 一八年取得南京大學環境科學與工程博士學位 。 自二零一二年九月至二零一三年七月 ， 汪峰先 生於南京大學環境政策與風險管理團隊擔任研 究助理 。 自二零一九年一月至二零二一年六月 ， 彼於南京信息工程大學商學院擔任講師及碩士 生導師 。 自二零二一年七月起 ， 彼擔任南京信息 工程大學商學院副研究員及碩士生導師 。 自二零 二二年四月起 ， 彼擔任南京信息工程大學氣候經 濟與低碳產業研究院副院長 。 自二零二二年十一 月起 ， 彼擔任南京信息工程大學商學院院長助 理 。 彼在諸如環保 、 金融 、 農業及工程領域擁有 豐富經驗 。 董事服務合約 所有董事均已與本公司訂立委任函或服務合 約 。 於二零二四年十二月三十一日 ， 概無董事與 本公司或其附屬公司訂立可於一年內在毋須支 付賠償 （法定補償除外） 的情況下終止的服務合 約。 Mr. WANG Feng （汪峰）, aged 36, obtained a bachelor degree in environmental science at Anhui Normal University in 2010. He further obtained a master degree in environmental planning and management at Nanjing University in 2012 and a doctor degree in environmental science and engineering at Nanjing University in 2018. From September 2012 to July 2013, Mr. Wang Feng worked a research assistant in the environmental policy and risk management team at Nanjing University. From January 2019 to June 2021, he worked as a lecturer and tutor for master students at the Business School of Nanjing University of Information Science & Technology. Since July 2021, he has been working as a deputy researcher and tutor for master student at the Business School of Nanjing University of Information Science & Technology. Since April 2022, he has been working as the vice dean of 氣候經濟與低碳產業研 究院 (for transliteration purpose only, the Research Institute of Weather, Economics and Low Carbon Production) of Nanjing University of Information Science & Technology. Since November 2022, he has been working as the assistant to Dean of Business School of Nanjing University of Information Science & Technology. He has extensive experience in fields such as environmental protection, finance, agriculture and engineering. Directors’ Service Contracts All Directors have entered into letters of appointment or service contracts with the Company. As at 31 December 2024, no Director has a service contract with the Company or its subsidiary which is not determinable by the Company within one year without payment of compensation, other than statutory compensation.
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31 Annual Report 2024 年報 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 監事會 監事會包括三名成員 ， 由兩名股東代表及一名職 工代表組成 。 職工代表監事由職工代表大會以 民主方式選出 ， 而股東代表監事則由股東選出 。 各監事的任期為三年 ， 可於重選及重新委任時續 期 。 監事會的權力及職責包括審閱及核實董事會 編製的財務報告 、 業務報告及溢利分派方案；並 在有疑問的情況下委任執業會計師及執業核數 師重新審查本公司的財務資料；監察本公司的 財務活動；監督董事 、 總裁及其他高級管理層成 員的表現 ， 以及監察他們於履行職責時的行為有 否違反法律 、 法規及組織章程細則；要求董事 、 總裁及高級管理層成員糾正有損本公司利益的 行動 ； 以及行使組織章程細則賦予他們的其他權 利 。 各監事已與本集團訂立服務合約╱委任函 。 監事 徐佳娟女士 ，39歲 ， 為本公司職工代表監事 ， 自 二零一六年十一月起擔任本公司的市場信息管 理部經理 。 彼主要負責市場信息的管理 。 徐佳娟女士於二零零九年十二月首次加入本公 司 ， 擔任市場部銷售主任 。 其後於二零一三年八 月獲晉升為市場部助理經理 ， 自此負責本公司的 銷售工作至二零一六年十月 。 彼獲得浙江師範 大學行知學院英語專業學士學位 。 於二零一零年 十二月 ， 彼取得諸暨市人事局頒發的助理經濟師 資格證書 。 於二零一四年十一月 ， 彼獲得諸暨市 人力資源和社會保障局頒發的建築工程助理工 程師資格證書 。 於二零二零年十一月 ， 彼獲得中 國人力資源和社會保障部頒發的中級經濟師資 格證書 。 SUPERVISORY COMMITTEE The Supervisory Committee consists of three members, with two representatives of Shareholders and one representative of employees. The employee representative Supervisor is elected democratically by the employees representative congress, while the Shareholder representative Supervisors are elected by the Shareholders. The term of office of each Supervisor is three years, which is renewable upon re-election and re-appointment. The powers and duties of the Supervisory Committee include reviewing and verifying financial reports, business reports and profit distribution proposals prepared by the Board; and if in doubt, appointing certified public accountants and practicing auditors to re-examine the Company ’s financial information; monitoring the financial activities of the Company, supervising the performance of the Directors, the president and other senior management members, and monitoring whether they had acted in violation of the laws, regulations and Articles of Association in the performance of their duties; requesting the Directors, the president and senior management members to rectify actions which are detrimental to the Company ’s interests; and exercising other rights given to them under the Articles of Association. Each of the Supervisors has entered into a service contract/ appointment letter with the Group. SUPERVISORS Ms. Xu Jiajuan （徐佳娟）, aged 39, is the employee representative Supervisor of the Company and has been the manager of the market information management department of the Company since November 2016. She is mainly responsible for the management of the market information. Ms. Xu Jiajuan first joined the Company in December 2009 as a sales officer in the marketing department. She was then promoted to the position of assistant manager of the marketing department in August 2013, and had been in charge of the sales matters of the Company since then until October 2016. She holds a bachelor ’s degree from Xingzhi College of Zhejiang Normal University, majoring in English. In December 2010, she obtained the certification of assistant economist qualification issued by the Zhuji City Personnel Bureau. In November 2014, she obtained the certification of architectural engineering assistant engineer qualification issued by the Zhuji City Human Resources and Equipment Security Bureau. In November 2020, she obtained the certification of intermediate economist qualification issued by the PRC Human Resources and Social Security Bureau.
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32 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 傅均先生 ，44歲 ， 為股東代表監事 。 於二零一四 年十月十八日加入本集團前 ， 傅均先生於二零零 九年十二月前往浙江工商大學計算機與信息工 程學院任教 ， 歷任講師 、 副教授 ， 負責教學和推 進研究 。 傅均先生於二零零四年六月取得浙江大學的生 物醫學工程學士學位及於二零零九年十二月取 得浙江大學的生物醫學工程博士學位 。 彼亦於二 零零三年六月在浙江大學完成兩年輔修日語課 程。 方治國先生 ，47 歲 ， 為股東代表監事 。 於二零 一四年十月十八日加入本集團前 ， 彼於二零零 五年七月至二零零八年八月在中國科學院生態 環境研究中心擔任環境科學與工程博士後研究 員 ， 負責進行研究 。 彼於二零零八年八月加入浙 江工商大學環境科學與工程學院 ， 並自二零零九 年十月起擔任副教授 ， 負責教學及進行研究 。 方治國先生於二零零二年六月獲得浙江大學生 態學理學碩士學位 ， 並於二零零五年七月獲中國 科學院研究生院 （後改稱中國科學院大學） 生態 學理學博士學位 。 彼自二零零六年六月至二零零 八年五月為美國奧克拉荷馬大學訪問學者 。 除本年報所披露者外 ， 經作出一切合理查詢後 ， 就董事所深知 、 盡悉及確信 ， 並無其他有關委任 監事的事宜須提請股東垂注 ， 亦無有關監事的任 何資料須根據上市規則第 13.51(2)條予以披露 ， 包括過去三年監事在證券於香港或海外任何證 券市場上市的任何公眾公司中擔任董事職務的 有關事宜 。 Mr. FU Jun（傅均）, aged 44, is a Shareholder representative Supervisor. Prior to joining the Group on 18 October 2014, Mr. Fu Jun taught at the school of computer and information engineering of Zhejiang Gongshang University （浙江工商 大學）in December 2009, being a lecturer and an assistant professor successively, responsible for teaching and conducting research. Mr. Fu Jun obtained a bachelor ’s degree of bio-medical engineering from Zhejiang University （浙江大學）in June 2004 and a doctorate degree in bio-medical engineering from Zhejiang University （浙江大學）in December 2009. He also completed two years of minor studies in Japanese language in Zhejiang University（浙江大學）in June 2003. Mr. FANG Zhiguo （方治國）, aged 47 , is a Shareholder representative Supervisor. Prior to joining the Group on 18 October 2014, he worked as a post-doctoral researcher in environmental science and engineering at the Research Centre for Eco-Environment Sciences of the Chinese Academy of Sciences （中國科學院生態環境研究中心）from July 2005 to August 2008, in which he was responsible for conducting research. He joined the school of environmental science and engineering of Zhejiang Gongshang University （浙江工商大學）in August 2008 and became an assistant professor since October 2009, in which he is responsible for teaching and conducting research. Mr. Fang Zhiguo obtained a master degree of science majoring in ecology from Zhejiang University （浙江大學）in June 2002 and a doctorate degree in science majoring in ecology from the Graduate School of the Chinese Academy of Science （中國科學院研究生院）(later renamed as the University of Chinese Academy of Sciences （中國科學院大 學）) in July 2005. He was a visiting scholar at the University of Oklahoma in the United States from June 2006 to May 2008. Except as disclosed herein, to the best of the knowledge, information and belief of the Directors having made all reasonable enquiries, there are no other matters relating to the appointment of Supervisors that need to be brought to the attention of the Shareholders, nor is there any information relating to the Supervisors that is required to be disclosed pursuant to Rule 13.51 (2) of the Listing Rules including matters relating to directorship held by Supervisors in any public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.
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33 Annual Report 2024 年報 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 高級管理層 吳鳳娣女士 ，42歲 ， 擔任本公司首席財務官 （ 「首 席財務官 」 ） 和董事會秘書 。 彼於二零零九年十二 月二十八日加入本集團及獲委任為本公司財務 經理 。 吳鳳娣女士在大氣污染防治解決方案行業 的會計處理方面擁有約 20年經驗 。 吳鳳娣女士於 二零零三年四月至二零零九年十二月期間曾擔 任TGL 的總會計師 ， 負責TGL 的財務及內部審計 工 作。 吳鳳娣女士於二零零八年一月完成在紹興文理 學院會計學專業的三年課程 。 邱永輝先生 ，42歲 ， 自二零一七年五月十五日起 獲委任為本公司副總經理 。 彼於二零零八年七月 加入本集團就任技術部副經理 ， 且於二零一七年 五月十五日獲委任為本公司副總經理負責技術 部的營運 。 邱永輝先生為中國一級建造師和註冊環保工 程師 。 彼專注開發移動極板 ， 濕式除塵器和高 效脫硫設備 。 彼曾組織貴州華電桐梓發電有 限公司 2×600MW機組 ， 國電織金發電有限公 司2×660MW 機組等項目的移動極板設計 。 彼 亦曾組織西安西郊熱電 3×50MW機組和威海 12×50MW機組等項目的濕式除塵器設計 。 邱永輝先生曾作為技術人員參與省級新產品 「大 型發電機組 (300MW-1000MW)循環流化床鍋爐 配套電除塵器」 的研發 ， 並在二零一零年通過省 級產品認證 。 SENIOR MANAGEMENT Ms. WU Fengdi （吳鳳娣）, aged 42, has been the Chief Financial Officer of the Company ( “CFO”) and Board Secretary. She joined the Group and was appointed as the financial manager of the Company on 28 December 2009. Ms. Wu Fengdi has approximately 20 years of experience in accounting in the atmospheric pollution control solutions industry. Ms. Wu Fengdi worked as the chief accountant of TGL from April 2003 to December 2009 and she was responsible for the financials and internal auditing of TGL. Ms. Wu Fengdi completed three years of studies in accounting at Shaoxing University（紹興文理學院）in January 2008. Mr. QIU Y onghui（邱永輝）, aged 42, is the deputy general manager of the Company appointed on 15 May 2017 . He joined the Group in July 2008 as the deputy manager of the technology department. He was appointed as the deputy general manager of the Company on 15 May 2017 , responsible for the operation of the technology department. Mr. Qiu Y onghui is a first-class constructor（一級建造師）and registered environmental protection engineer （註冊環保工 程師）in China. He focused on developing movable collecting electrode plate, wet precipitators and high-efficiency desulfurisation equipment. He had participated in designing the movable collecting electrode plate for various projects, including the 2 ×600MW unit of 貴州華電桐梓發電有限 公司 and 2 ×660MW unit of 國電織金發電有限公司 . He had also participated in designing the wet precipitators for various projects, including the 3× 50MW unit of 西安西郊熱 電 and 12×50MW unit of 威海 . Mr. Qiu Y onghui had acted as a technician and participated in the research and development of a provincial new product “circulating fluidised bed boiler auxiliary electrostatic precipitator （循環流化床鍋爐配套電除塵器） for large generator units (300MW-1000MW) ”. This product was accredited with provincial product certification in 2010.
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34 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 陳建國先生 ，64歲 ， 自二零一零年五月三日起獲 委任為本公司副總經理 ， 於二零零九年十二月 二十八日加入本集團 ， 並於二零一零年五月三日 獲委任為本公司副總經理 。 陳建國先生在提供大 氣污染防治解決方案業務方面擁有約 31年經驗 。 陳建國先生自一九九一年至一九九八年期間 在諸暨市工業環保設備總廠等企業從事除塵 器的研發工作 、 環保設備安裝及售後事宜 。 於 一九九五年六月至二零零九年十二月 ， 彼擔任 TGL 工程及安裝部主任 ， 負責監督安裝環保設 備 、 售後事宜及聯絡買家 。 陳建國先生於一九七七年七月畢業於浙江省諸 暨縣同山人民公社中心學校 。 Mr. CHEN Jianguo（陳建國）, aged 64, is the deputy general manager of the Company appointed since 3 May 2010. He joined the Group on 28 December 2009 and was appointed as the deputy general manager of the Company on 3 May 2010. Mr. Chen Jianguo has approximately 31 years of experience in the business of provision of atmospheric pollution control solutions. Mr. Chen Jianguo was responsible for the research and development of precipitators, installation of environmental protection equipments and after-sale matters in enterprises such as Zhuji City Industrial Environmental Protection Equipment Factory* （諸暨市工業環保設備總廠）from 1991 to 1998. From June 1995 to December 2009, he worked as the head of the department of engineering and installation of TGL and was responsible for the supervising installation of environmental protection equipment, after-sale matters and liaison with buyers. Mr. Chen Jianguo graduated from Zhuji County Tongshan Community High School*（諸暨縣同山人民公社中心學校）in Zhejiang Province in July 1977 .
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35 Annual Report 2024 年報 Biographies of Directors, Supervisors and Senior Management 董事、 監事及高級管理層簡歷 聯席公司秘書 王琛維先生 （前稱王漢傑） 及沈瓊女士為本公司 聯席公司秘書 。 王琛維先生 （前稱王漢傑），35歲 ， 持有香港理工 大學工商管理學士 （榮譽） 會計學位 。 王琛維先 生現為香港會計師公會會員 。 彼於財務 、 審計及 諮詢方面擁有超過 14年的豐富經驗 ， 彼之經驗由 一間國際會計師事務所及上市公司處獲得 。 彼曾 任中油港燃能源集團控股有限公司 （一家自二零 一一年於聯交所 GEM 上市的上市公司 ， 股份代 號：08132） 財務總監職務 。 彼曾自二零一一年至 二零一五年於德勤 · 關黃陳方會計師行任職高級 審計員 。 沈瓊女士，40歲 ， 自二零一四年十一月一日起任 本公司其中一名聯席公司秘書 ， 主要負責本集團 的公司秘書及法律事務 。 彼於二零一四年九月加 入本集團任法務主任 。 沈瓊女士在業務運營相關 法律事務方面有約 15年經驗 。 沈瓊女士於二零零六年八月至二零零八年十二 月擔任浙江地淨環境工程股份有限公司 （主要從 事環保設備及機械的生產及銷售） 的法務主任 ， 主要負責法律及合規事宜 。 於二零零九年一月至 二零一四年八月 ， 沈瓊女士擔任 TGL的法務主任 兼經理助理 ， 主要負責法律及合規事宜 。 沈瓊女士於二零零八年七月在西南政法大學完 成遠程教育課程 ， 主修法學 。 彼亦於二零一零年 四月取得諸暨市人事局頒發的市政工程助理工 程師資格證書 。 JOINT COMPANY SECRETARIES Mr. WONG Shum Wai (formerly known as WONG Hon Kit), and Ms. SHEN Qiong are the Company ’s joint company secretaries. Mr. WONG Shum Wai (formerly known as WONG Hon Kit) （王琛維）, aged 35, holds a Bachelor ’s degree of Business Administration (Hons) in Accountancy from The Hong Kong Polytechnic University. Mr. Wong Shum Wai is currently a member of the Hong Kong Institute of Certified Public Accountants. He has over 14 years of extensive experience in finance, auditing and consulting fields, gaining from an international accounting firm and listed corporation. He served as the financial controller of China Oil Gangran Energy Group Holdings Limited (stock code: 08132), a company listed on the GEM of the Stock Exchange from 2011 . He worked as a senior auditor in Deloitte Touche Tohmatsu from 2011 to 2015. Ms. SHEN Qiong（沈瓊）, aged 40, has been one of the joint company secretaries of the Company since 1 November 2014 primarily responsible for the company secretarial and legal matters of the Group. She joined the Group in September 2014 as a legal officer. Ms. Shen Qiong has approximately 15 years of legal experience in relation to business operations. Ms. Shen Qiong worked as a legal officer in Zhejiang Group Net Environmental Engineering Co., Ltd* （浙江地淨環境工 程股份有限公司）(being principally engaged in production and sales of environmental protection equipment and machineries) from August 2006 to December 2008 in which she was responsible for legal and compliance matters. From January 2009 to August 2014, she worked as a legal officer and the assistant to the manager in TGL in which she was responsible for legal and compliance matters. Ms. Shen Qiong completed a long distance learning course majoring in law from Southwest University of Political Science & Law （西南政法大學）in July 2008. She also obtained a qualification certificate of assistant engineer in municipal engineering issued by Zhuji City Personnel Bureau* （諸暨市人事局）in April 2010.
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36 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 The Board is pleased to present the corporate governance report of the Company. CORPORATE GOVERNANCE The Board is committed to upholding a high standard of corporate governance and business ethics in the firm belief that they are essential for enhancing investors ’ confidence and maximising shareholders’ returns. The Board reviews its corporate governance practices from time to time in order to meet the rising expectations of stakeholders, comply with increasingly stringent regulatory requirements and fulfill its commitment to excellence in corporate governance. After reviewing the Company ’s corporate governance practices and the relevant regulations of the Corporate Governance Code and Corporate Governance Report ( “CG Code”) which were in force during the Y ear as set out in Appendix C1 to the Listing Rules at the time, the Board is satisfied that the Company has complied with the CG Code provisions for the Y ear. BOARD OF DIRECTORS The Board is committed to providing an effective and responsible leadership for the Company. The Directors, individually and collectively, must act in good faith in the best interests of the Company and the Shareholders. The Board established three Board committees, being the Audit Committee, the Remuneration Committee and the Nomination Committee (each a “Board Committee ” and collectively the “Board Committees”), to oversee different areas of the Company’s affairs. The Board currently comprises three executive Directors, namely Mr. Bian, Mr. Zhang Yuanyuan and Ms. Bian Shu; three non-executive Directors, namely, Ms. Yu Ji, Mr. Zhu Xian Bo and Mr. Chen Jiancheng; three independent non-executive Directors, namely, Mr. Li Jiannan, Mr. Fung Kui Kei and Mr. Wang Feng. Their biographical details and their family relationships (where applicable) are set out in the section headed “Biographies of Directors, Supervisors and Senior Management” above in this annual report. A list of the Directors identifying their roles, functions and independence is available on the Company’s website. 董事會欣然提呈本公司企業管治報告 。 企業管治 董事會致力秉持高度企業管治及商業道德標 準 ， 確信這對提升投資者信心及增加股東回報而 言至關重要 。 董事會不時檢討其企業管治常規 ， 以符合持份人日益提高的期望 、 遵守愈趨嚴謹的 監管規定並履行其對卓越企業管治的承擔 。 董事會經審閱本公司的企業管治常規及上市規 則附錄 C1所載於本年度有效的企業管治守則及 企業管治報告 （ 「企業管治守則 」 ） 的相關規例後 ， 信納本公司於本年度已遵守企業管治守則條文 。 董事會 董事會承諾為本公司提供有效及負責任的領 導 。 董事必須個別及共同地為本公司及股東的最 佳利益真誠行事 。 董事會已成立三個董事會委員 會 ， 分別為審核委員會 、 薪酬委員會及提名委員 會 （各自稱為 「董事會委員會 」 及統稱為 「該等董 事會委員會 」 ） ， 以監察本公司不同範疇的事務 。 董事會現時由三名執行董事 （即邊先生 、 章袁遠 先生及邊姝女士） ；三名非執行董事 （即余吉女 士 、 祝賢波先生及陳建誠先生） ；三名獨立非執 行董事 （即酈建楠先生 、 馮鉅基先生及汪峰先生） 組 成。 彼等的履歷詳情及彼等的家庭關係 （如適用） 載 於本年報上文 「董事 、 監事及高級管理層簡歷」 一 節 。 列明董事角色 、 職能及獨立身份的董事名單 可於本公司網站查閱 。
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37 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 執行董事 、 董事會副主席兼本公司總經理邊先生 為執行董事邊姝女士的弟弟並為執行董事章袁 遠先生的妻弟 。 除本報告所披露者外 ， 董事會成 員之間並無任何其他財務 、 業務 、 家屬或其他重 大╱相關關係 。 本公司堅持認為董事會應包括適當比例的執行 董事及非執行董事 （包括獨立非執行董事） ， 致 使董事會高度獨立 ， 從而於決策過程中有效作出 獨立判斷 。 本公司亦堅持認為獨立非執行董事應 有足夠人數 、 才幹及經驗 ， 以使其意見具有影響 力 ， 且彼等不應牽涉可能已對或潛在會對彼等擔 任本公司董事職務時行使獨立判斷造成重大干 擾的任何業務或其他關係 。 邊先生為董事會副主席 、 執行董事兼本公司總經 理 ， 負責監督本集團戰略規劃 、 策略制定及公司 發展 ， 並於本公司整體營運的監督管理中擔任主 要決策角色 。 董事會定期會面以考慮 、 討論及審 閱有關本公司營運的重大及適當事宜 。 因此 ， 董 事會認為已採取足夠措施 ， 而由邊先生兼任董事 會管理以至本公司日常業務管理的角色 ， 不會削 弱權力及權責平衡 。 相信董事會的有效管理可確 保上述平衡 ， 其架構為本集團提供穩健而貫徹的 領導方針 ， 並能以更有效及更具效益的方式 ， 作 出業務規劃及決策 ， 以及執行長遠業務策略 。 Mr. Bian, an executive Director, the Vice-chairman of the Board and the general manager of the Company, is the brother of Ms. Bian Shu (an executive Director) and the brother-in-law of Mr. Zhang Yuanyuan (an executive Director). Save as disclosed herein, there are no other financial, business, family or other material/relevant relationships among the members of the Board. The Company is committed to the view that the Board should include a balanced composition of executive and non-executive Directors (including independent non- executive Directors) so that there is a strong element of independency on the Board, which facilitates the effective exercise of independent judgements in the course of decision-making. The Company is also committed to the view that the independent non-executive Directors should be of sufficient number, calibre and experience for their views to carry weight, and that they should be free of any business or other relationship which could have interfered or potentially interfere, to any material extent, with the exercise of independent judgment for the purpose of assumptions of directorship in the Company. Mr. Bian is the vice-chairman of the Board, the executive Director and the general manager of the Company, and is responsible for overseeing the strategic planning, policy formulations as well as corporate development of the Group as well as undertaking the principal decision-making role in the supervision and management of the Company ’s overall operations. The Board meets regularly to consider, discuss and review the major and appropriate issues that pertain to the operations of the Company. As such, the Board considers that sufficient measures have been taken and the vesting of the roles of Board management and the management of day-to-day business of the Company in Mr. Bian will not impair the balance of power and authority. It is believed that the said balance is ensured by the effective management of the Board, of which the structure provides the Group with strong and consistent leadership and allows for a more effective and efficient business planning, decision making as well as execution of long term business strategies.
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38 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 董事會制訂本集團的整體目標及策略 、 監察及評 估其營運及財務表現並審閱其企業管治準則 ， 亦就年度及中期業績 、 主要交易 、 董事委任或續 聘 、 投資政策 、 股息及會計政策等事宜作出決 定 。 董事會已將執行其業務策略及管理本集團業 務的日常營運的權力及責任委託予執行董事及 高級管理層 ， 高級管理層成員應於為本集團或代 表本集團作出決策或訂立任何承諾前向董事會 作出報告並獲其事先批准 。 為遵守企業管治守則 的守則條文 C.3.2， 董事會定期檢討所委託的職 能及權力 ， 以確保有關委託對本集團的需要仍屬 合 適。 董事會亦負責制定 、 檢討及監察本集團的企業管 治政策及常規與遵守法律法規情況 ， 以及董事及 高級管理層的培訓及持續專業發展 。 董事會亦審 閱本報告內的披露資料 ， 以確保合規 。 各董事會成員可分別獨立接觸本集團的高級管 理層 ， 以履行彼等的職責 。 相關董事亦可要求徵 詢獨立專業意見 ， 以協助彼等履行職責 ， 費用由 本集團承擔 。 本公司自二零一五年十一月起已每 月向所有董事提供有關本公司表現及財務狀況 的最新資料 ， 以便董事會全體及每名董事有效地 履行其職責 。 全體董事須於首次獲委任時向董事會申報彼等 同時在其他公司或機構擔任的董事或其他職 務 ， 有關利益申報在每年及有需要時更新 。 董事持續培訓及專業發展 全體董事均知悉彼等對股東的責任 ， 且於履行彼 等的職責時已傾注其關注 、 技術及勤勉 ， 致力發 展本集團 。 每名新任董事均獲提供必要的入職培 訓 ， 確保其對本集團的業務及營運有適當了解 ， 並充分理解其於適用規則及規定下身為董事的 職責及責任 。 The Board sets the Group ’s overall objectives and strategies, monitors and evaluates its operating and financial performance and reviews its corporate governance standards. It also decides on matters such as annual and interim results, major transactions, Director appointments or re-appointments, investment policies, dividend and accounting policies. The Board has delegated the authority and responsibility for implementing its business strategies and managing the daily operations of the Group ’s businesses to the executive Directors and the senior management of which the members should report back and obtain prior approval from the Board before making decisions or entering into any commitments for and on behalf of the Group. In compliance with the code provision C.3.2 of the CG Code, the functions and powers that have been delegated are reviewed periodically to ensure that they remain appropriate to the needs of the Group. The Board is also responsible for developing, reviewing and monitoring the policies and practices on corporate governance and legal and regulatory compliance of the Group, and the training and continuous professional development of the Directors and senior management. The Board also reviews the disclosures herein to ensure compliance. All Board members have separate and independent access to the Group ’s senior management to fulfill their duties. Independent professional advice can be sought to assist the relevant Directors to discharge their duties at the Group ’s expense upon their request. Since November 2015, all Directors have been provided with monthly updates on the Company’s performance and financial position to enable the Board as a whole and each Director to effectively discharge their duties. All Directors are required to declare to the Board upon their first appointment of directorships or other positions concurrently held in other companies or organisations. These interests are updated on an annual basis and when necessary. DIRECTORS ’ CONTINUOUS TRAINING AND PROFESSIONAL DEVELOPMENT All Directors are aware of their responsibilities to the Shareholders and have exercised their duties with care, skill and diligence, in pursuit of the development of the Group. Every newly appointed Director receives an induction to ensure that he has a proper understanding of the business and operations of the Group and that he is fully aware of his duties and responsibilities as a director under applicable rules and requirements.
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39 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 為遵守企業管治守則第 C.1 .4段，於 本 年 度，本 公 司已為各董事舉辦有關香港上市公司及其董事 的持續責任的培訓課程 。 此外 ， 本公司於董事會 會議上向各董事提供有關上市規則及其他適用 監管規定的簡介及最新發展 ， 以確保董事遵守有 關法規 ， 以及加深彼等對良好企業管治常規的認 識。 根據本公司存置的記錄 ， 各位董事於截至二零 二四年十二月三十一日止年度接受的持續專業 發展課程概述如下： A： 參加本公司組織或外部培訓課程及／或研討會 B： 細閱與最新監管規定有關的資料 In compliance with paragraph C.1 .4 of the CG Code, during the Y ear, the Company organised training sessions to each of the Directors in relation to continuing obligations of a Hong Kong listed company and its directors. In addition, briefings and updates on the latest development regarding the Listing Rules and other applicable regulatory requirements are provided to each of the Directors during Board meetings to ensure compliance and enhance their awareness of good corporate governance practices. According to the records maintained by the Company, the continuous professional development programmes received by each of the Directors during the year ended 31 December 2024 are summarised as follows: T ypes of training Name of Directors 董事姓名 培訓類別 Mr. Bian Yu 邊宇先生 A and B A及B Mr. Zhang Yuanyuan 章袁遠先生 A and B A及B Ms. Bian Shu 邊姝女士 A and B A及B Ms. Yu Ji 余吉女士 A and B A及B Mr. Zhu Xian Bo 祝賢波先生 A and B A及B Mr. Chen Jiancheng 陳建誠先生 A and B A及B Mr. Li Jiannan 酈建楠先生 A and B A及B Mr. Fung Kui Kei 馮鉅基先生 A and B A及B Mr. Wang Feng 汪峰先生 A and B A及B A: attendance at Company-organised or external training sessions and/or seminars B: perusal of materials relating to updates on regulatory requirements
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40 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 獨立非執行董事的獨立性 獨立非執行董事的角色乃向董事會提供獨立及 客觀的意見 ， 為本集團提供足夠的制約及平衡 ， 以保障股東及本集團整體利益 。 彼等於董事會及 該等董事會委員會上積極提供獨立及客觀的意 見。 本公司已遵照上市規則第 3.10(1)及 3.10A條，委 任三名獨立非執行董事 ， 佔董事會人數三分之 一 。 其中一名獨立非執行董事具備上市規則第 3.10(2)條所規定的適當會計專業資格或相關財 務管理專長 。 各獨立非執行董事已根據上市規則第 3.13條以 書面形式向本公司提交其於本年度的年度獨立 身份確認書 。 根據該等確認書的內容 ， 本公司認 為全體獨立非執行董事均為獨立 ， 其獨立判斷不 會受到任何關係的重大影響 。 非執行董事 本集團有三名非執行董事 ， 即余吉女士 、 祝賢波 先生及陳建誠先生 。 祝賢波先生及陳建誠先生均 於本公司於二零二二年五月三十日舉行的股東 週年大會上獲重選 ， 而余吉女士則於本公司於二 零二三年十二月二十九日舉行的股東特別大會 上獲委任 。 余吉女士 、 祝賢波先生及陳建誠先生的簡歷詳情 載於本年報上文 「董事 、 監事及高級管理層簡歷」 一節 。 非執行董事的董事酬金則載於財務報表附 註13。 非執行董事的任期為三年 。 INDEPENDENCE OF INDEPENDENT NON- EXECUTIVE DIRECTORS The role of the independent non-executive Directors is to provide independent and objective opinions to the Board, giving adequate control and balances for the Group to protect the overall interests of the Shareholders and the Group. They serve actively on the Board and Board Committees to provide their independent and objective views. In compliance with Rules 3.10 (1) and 3.10A of the Listing Rules, the Company appointed three independent non- executive Directors, representing equal to one-third of the Board. One of the independent non-executive Directors has the appropriate professional qualifications in accounting or related financial management expertise as required by Rule 3.10 (2) of the Listing Rules. Each independent non-executive Director has submitted an annual confirmation in writing on his independence to the Company for the Y ear pursuant to Rule 3.13 of the Listing Rules. Based on the contents of such confirmations, the Company considers that all independent non-executive Directors are independent and free of any relationship that could materially interfere with the exercise of their independent judgement. NON-EXECUTIVE DIRECTORS The Group has three non-executive Directors, being Ms. Yu Ji, Mr. Zhu Xian Bo and Mr. Chen Jiancheng. Each of Mr. Zhu Xian Bo and Mr. Chen Jiancheng had been re-elected at the annual general meeting of the Company held on 30 May 2022 while Ms. Yu Ji had been appointed, at the extraordinary general meeting of the Company held on 29 December 2023. Details of the biographies of Ms. Yu Ji, Mr. Zhu Xian Bo and Mr. Chen Jiancheng are set out in the section headed “Biographies of Directors, Supervisors and Senior Management” above in this annual report. Directors emoluments for Non-executive Directors are set out in note 13 to the Financial Statements. The term of appointment of the non-executive Directors is three years.
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41 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 該等董事會委員會 董事會由包括審核委員會 、 提名委員會及薪酬委 員會在內的多個委員會所支持 。 各董事會委員會 均有經董事會批准的明確書面職權範圍 ， 涵蓋其 職責 、 權力及職能 。 彼等的職權範圍於本公司網 站可供查閱 。 所有該等董事會委員會均獲提供足夠資源以履 行其職責 ， 包括於需要時取得管理層或專業人士 的意見 。 (i) 審核委員會 審核委員會根據上市規則第 3.21條及企業 管治守則第 D.3 段所載的職權範圍成立 。 審核委員會由三名獨立非執行董事組成 ， 分別為馮鉅基先生 、 酈建楠先生及汪峰先 生 。 馮鉅基先生具備適當專業資格及會計 事務經驗 ， 於二零二二年五月三十日重獲 委任為審核委員會主席 。 審核委員會的主要職責是協助董事會就財 務申報過程 、 內部監控及風險管理系統是 否有效及維持與本集團外聘核數師關係提 供獨立意見 、 監督審計過程 ， 以及履行董 事會委派的其他職責及責任 ， 其中包括審 閱本集團的中期及年度報告 。 於本年度 ， 審核委員會進行的工作包括： (i) 參考核數師履行之工作 、 其費用及管 理條款 ， 以檢討與外聘核數師之關 係 ， 並就續聘外聘核數師向董事會提 出推薦建議； (ii) 覆核本公司年度及中期業績及報告 是否遵循會計準則及上市規則及其 他適用法律項下有關財務申報的規 定； BOARD COMMITTEES The Board is supported by a number of committees, including the Audit Committee, Nomination Committee and Remuneration Committee. Each Board Committee has its defined and written terms of reference approved by the Board covering its duties, powers and functions. Their terms of reference are available on the Company ’s website. All Board Committees are provided with sufficient resources to discharge their duties, including access to management or professional advice if considered necessary. (i) Audit Committee The Audit Committee was established with terms of reference in compliance with Rule 3.21 of the Listing Rules as well as paragraph D.3 of the CG Code. The Audit Committee consists of three independent non- executive Directors, namely Mr. Fung Kui Kei, Mr. Li Jiannan and Mr. Wang Feng. Mr. Fung Kui Kei, who has appropriate professional qualifications and experience in accounting matters, was re-appointed as the chairman of the Audit Committee on 30 May 2022. The principal responsibilities of the Audit Committee are to assist the Board in providing an independent view of the effectiveness of the financial reporting process, internal control and risk management systems and relationship with external auditor of the Group, oversee the audit process and perform other duties and responsibilities as assigned by the Board. These include reviewing the Group ’s interim and annual reports. The work performed by the Audit Committee during the Y ear includes: (i) reviewing of the relationship with the external auditors by reference to the work performed by the auditors, its fees and terms of management, and make recommendation to the Board on the reappointment of external auditors; (ii) reviewing of the annual and interim results and reports of the Company as to whether they are in compliance with the accounting standards and relevant requirements in relation to financial reporting under the Listing Rules and other applicable laws;
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42 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 (iii) 審閱有關風險管理及內部監控系統 的事項 ， 以及本公司設立的內部審計 職能的計劃及工作目的；及 (iv) 檢討本集團之會計原則及慣例 、 財務 報告及法規遵守事宜 。 根據審核委員會於二零二五年三月二十八 日舉行的會議 ， 審核委員會已審閱本集團 本年度的綜合財務報表 （ 「財務報表 」 ）（ 包 括本集團採納的會計原則及常規） 、 外聘核 數師所編製的報告 （當中涵蓋其於審核過 程中的主要調查結果） 以及外聘核數師的 甄選及委任 。 於本年度 ， 審核委員會舉行 兩次會議 。 個別委員會成員各自的出席記 錄載列如下： (ii) 薪酬委員會 薪酬委員會根據上市規則第 3.25條及企業 管治守則第 E.1段所載的職權範圍成立 。 薪 酬委員會由三名董事組成 ， 分別為酈建楠 先生 （獨立非執行董事） 、 汪峰先生 （獨立非 執行董事） 及陳建誠先生 （非執行董事） 。 酈 建楠先生為薪酬委員會主席 。 (iii) reviewing of matters relating to risk management and internal control systems, and the plans and objectives of the internal audit function established by the Company; and (iv) reviewing of the Group ’s accounting principles and practices, financial reporting and statutory compliance matters. Pursuant to the meetings of the Audit Committee on 28 March 2025, the Audit Committee has reviewed the consolidated financial statements of the Group for the Y ear (“Financial Statements ”), including the accounting principles and practices adopted by the Group, the report prepared by the external auditor covering major findings in the course of the audit, and the selection and appointment of the external auditor. During the Y ear, two meetings of the Audit Committee were held. The respective attendance records of individual committee members are set out below: Attendance/Number of meetings Name of member 成員姓名 出席╱會議次數 Mr. Fung Kui Kei (Chairman) 馮鉅基先生（主席） 2/2 Mr. Li Jiannan 酈建楠先生 2/2 Mr. Wang Feng 汪峰先生 2/2 (ii) Remuneration Committee The Remuneration Committee was established with terms of reference in compliance with Rule 3.25 of the Listing Rules as well as paragraph E.1 of the CG Code. The Remuneration Committee comprises three Directors, namely Mr. Li Jiannan (independent non- executive Director), Mr. Wang Feng (independent non- executive Director) and Mr. Chen Jiancheng (non- executive Director). Mr. Li Jiannan is the chairman of the Remuneration Committee.
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43 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 薪酬委員會的主要職責是檢討全體董事及 高級管理層的整體薪酬架構及政策以及 執行董事及高級管理層的特定薪酬方案 ， 及就制定此等薪酬政策設立正規而具透 明度的程序 ， 並就以上事項向董事會提供 建議 。 概無董事參與有關其本身薪酬的討 論 。 本公司的薪酬政策目標是根據業務需 要及行業慣例維持公平及具競爭力的薪酬 方案 。 本公司因應市場水平 、 各董事的工 作量 、 表現 、 職責 、 工作難度及本集團表現 等因素 ， 釐定向董事會成員支付的薪酬及 袍金水平 。 根據薪酬委員會於二零二五年三月二十八 日舉行的會議 ， 薪酬委員會已檢討有關董 事及本公司高級管理層的薪酬政策及架構 以及其各自的服務合約╱委任函 。 於本年度 ， 薪酬委員會舉行一次會議 。 個 別委員會成員各自的出席記錄載列如下： 有關本年度本集團高級管理層成員薪酬載 於財務報表附註 13。 (iii) 提名委員會 提名委員會根據企業管治守則第 B.3 段所 載的職權範圍成立 ， 由三名董事組成 ， 分 別為汪峰先生 （獨立非執行董事） 、 馮鉅基 先生 （獨立非執行董事） 及邊姝女士 （執行董 事） 。 汪峰先生為提名委員會主席 。 The principal responsibilities of the Remuneration Committee are to review and make recommendations to the Board on the overall remuneration structure and policy for all Directors and senior management as well as the specific remuneration packages for the executive Directors and senior management and on the establishment of a formal and transparent process for developing such remuneration policy. No Director takes part in any discussion on his own remuneration. The Company ’s objective for its remuneration policy is to maintain fair and competitive packages based on business requirements and industry practice. In order to determine the level of remuneration and fees paid to the members of the Board, market rates and factors such as each Director’s workload, performance, responsibility, job complexity and the Group ’s performance are taken into account. Pursuant to the meeting of the Remuneration Committee on 28 March 2025, the Remuneration Committee reviewed the remuneration policy and structure relating to, as well as the respective service contracts/letters of appointment of, the Directors and senior management of the Company. During the Y ear, one meeting of the Remuneration Committee was held. The respective attendance records of individual committee members are set out below: Attendance/Number of meetings Name of member 成員姓名 出席╱會議次數 Mr. Li Jiannan (Chairman) 酈建楠先生（主席） 1/1 Mr. Chen Jiancheng 陳建誠先生 1/1 Mr. Wang Feng 汪峰先生 1/1 The remuneration of members of the senior management of the Group for the Y ear are set out in note 13 to the Financial Statements. (iii) Nomination Committee The Nomination Committee was established with terms of reference in compliance with paragraph B.3 of the CG Code and comprises three Directors, namely Mr. Wang Feng (independent non-executive Director), Mr. Fung Kui Kei (independent non-executive Director) and Ms. Bian Shu (executive Director). Mr. Wang Feng is the chairman of the Nomination Committee.
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44 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 提名委員會的主要職責是至少每年檢討董 事會的組成 ， 內容包括其架構 、 人數及多 元性 ， 以確保董事會具備適合本集團業務 所需的均衡專業知識 、 技能及經驗 。 提名 委員會亦負責考慮及向董事會推薦具備合 適資格可擔任董事會成員的人士 、 監察董 事繼任安排及評核獨立非執行董事的獨立 性 。 有關提名委員會所採納的提名政策的 詳情 ， 請參閱本企業管治報告 「提名政策」 一節 。 提名委員會在物色具備合適資格可 擔任董事會成員的人士時 ， 亦會考慮董事 會於二零一五年三月採納的董事會多元化 政 策 （「董事會多元化政策 」 ） ， 而董事會會 檢討董事會多元化政策 ， 為實施董事會多 元化政策訂立可計量目標並加以檢討 ， 以 及監察達成有關目標的進度 。 於本年度 ， 董事會在年齡 、 專業技能及經驗方面的程 度屬合理 。 根據提名委員會於二零二五年三月二十八 日舉行的會議 ， 提名委員會已檢討董事會 的架構 、 人數及組成 ， 並已評核獨立非執 行董事的獨立性 。 於本年度 ， 提名委員會 舉行一次會議 。 個別委員會成員各自的出 席記錄載列如下： The principal responsibilities of the Nomination Committee are to review the composition of the Board, including its structure, size and diversity, at least annually to ensure that it has a balance of expertise, skills and experience appropriate to the requirements of the business of the Group. It is also responsible for considering and recommending to the Board any suitably qualified person to become a member of the Board, monitoring the succession planning of Directors and assessing the independence of independent non-executive Directors. For details of the nomination policy adopted by the Nomination Committee, please refer to the section “Nomination Policy ” in this corporate governance report. The Nomination Committee also gives consideration to the board diversity policy adopted by the Board in March 2015 ( “Board Diversity Policy ”) when identifying suitably qualified candidates to become members of the Board, and the Board reviews the Board Diversity Policy, so as to develop and review measurable objectives for the implementation of the same and to monitor the progress on achieving these objectives. The Board is reasonably diverse in terms of age, professional skills and experience during the Y ear. Pursuant to the meeting of the Nomination Committee on 28 March 2025, the Nomination Committee reviewed the structure, size and composition of the Board and assessed the independence of the independent non-executive Directors. During the Y ear, one meeting of the Nomination Committee was held. The respective attendance records of individual committee members are set out below: Attendance/Number of meetings Name of member 成員姓名 出席╱會議次數 Mr. Wang Feng (Chairman) 汪峰先生（主席） 1/1 Ms. Bian Shu 邊姝女士 1/1 Mr. Fung Kui Kei 馮鉅基先生 1/1
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45 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 企業管治職能 董事會負責履行企業管治守則第 A.2段所載的職 能。 董事會已檢討本公司的企業管治政策及常規 、 董 事及高級管理層的培訓及持續專業發展 、 本公司 在遵守法律及監管規定方面的政策及常規 、 本公 司遵守上市規則附錄 C3所載的 《上市發行人董事 進行證券交易的標準守則》 （ 「標準守則 」 ） 及企業 管治守則的情況及在本報告內的相關披露 。 董事會議事程序 根據組織章程細則 ， 董事會每年須舉行最少四次 由董事會主席召開及主持的董事會會議 。 董事會 定期會議須提前至少十四天通知 。 董事會會議的法定人數至少為董事總數的一 半 。 董事可親身出席董事會會議 ， 或以書面形式 委任另一董事為其受委代表出席董事會會議 。 董 事會秘書負責編製及備存董事會會議記錄 ， 並確 保該等會議記錄可供任何董事查閱 。 於本年度 ， 董事會舉行九次會議 ， 個別董事會成 員各自的出席記錄載列如下： CORPORATE GOVERNANCE FUNCTIONS The Board is responsible for performing the functions set out in paragraph A.2 of the CG Code. The Board has reviewed the Company ’s corporate governance policies and practices, training and continuous professional development of Directors and senior management, and the Company ’s policies and practices on compliance with legal and regulatory requirements, the extent of compliance of the Company with the “Model Code for Securities Transactions by Directors of Listed Issuers ” under Appendix C3 to the Listing Rules (“Model Code”) and the CG Code as well as the relevant disclosures herein. BOARD PROCEEDINGS Pursuant to the Articles of Association, the Board is required to hold at least four Board meetings each year, to be convened and hosted by the chairman of the Board. A notice of at least fourteen days shall be dispatched for a regular Board meeting. The quorum for a Board meeting is the presence of at least half of the total number of the Directors. A Director may attend the Board meeting in person, or appoint another Director in writing as his proxy to attend the Board meeting. The secretary to the Board is responsible for preparing and keeping the minutes of Board meetings and ensuring that such minutes are available for inspection by any Director. During the Y ear, nine Board meetings were held and the respective attendance records of individual Board members are set out below: Attendance/Number of meetings Name of Director 董事姓名 出席╱會議次數 Mr. Bian Yu 邊宇先生 9/9 Mr. Zhang Yuanyuan 章袁遠先生 9/9 Ms. Bian Shu 邊姝女士 9/9 Ms. Yu Ji 余吉女士 4/9 Mr. Chen Jiancheng 陳建誠先生 9/9 Mr. Fung Kui Kei 馮鉅基先生 9/9 Mr. Li Jiannan 酈建楠先生 9/9 Mr. Zhu Xian Bo 祝賢波先生 9/9 Mr. Wang Feng 汪峰先生 9/9
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46 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 股東大會 於本年度 ， 本公司於二零二四年六月二十八日舉 行一次股東週年大會 。 個別董事會成員各自的出 席記錄載列如下： 委任及重選董事 根據組織章程細則 ， 董事須於本公司股東大會上 獲選任 ， 任期為三年 ， 並可獲重新選任 。 本公司 已就委任新董事實施一套有效程序 。 提名委員會 須按照相關法律法規及組織章程細則的條文 ， 在顧及本公司的實際情況後 ， 考慮董事的甄選準 則 、 甄選程序及任期 ， 並記錄及提交決議案予董 事會批准 。 所有新獲提名的董事均須經股東大會 選任及批准 。 董事會多元化政策 董事會於二零一五年三月採納董事會多元化政 策 。 本公司明白及信納董事會多元化能提升其表 現質素的裨益 。 甄選人選按一系列多元化範疇為 基準 ， 包括但不限於性別 、 年齡 、 文化及教育背 景 、 種族 、 專業經驗 、 技能 、 知識及服務任期 。 最 終按人選的長處及預期可為董事會提供的貢獻 而作決定 。 GENERAL MEETINGS During the Y ear, the Company convened one annual general meeting held on 28 June 2024. The respective attendance records of individual Board members are set out below: Attendance/Number of meetings Name of Director 董事姓名 出席╱會議次數 Mr. Bian Yu 邊宇先生 1/1 Mr. Zhang Yuanyuan 章袁遠先生 1/1 Ms. Bian Shu 邊姝女士 1/1 Ms. Yu Ji 余吉女士 0/1 Mr. Chen Jiancheng 陳建誠先生 1/1 Mr. Fung Kui Kei 馮鉅基先生 1/1 Mr. Li Jiannan 酈建楠先生 1/1 Mr. Zhu Xian Bo 祝賢波先生 1/1 Mr. Wang Feng 汪峰先生 1/1 APPOINTMENT AND RE-ELECTION OF DIRECTORS Pursuant to the Articles of Association, Directors shall be subject to election at the Company ’s general meetings with a term of office of three years and may be re-elected. The Company has implemented a set of effective procedures for the appointment of new Directors. The Nomination Committee shall, in accordance with provisions of the relevant laws and regulations and the Articles of Association, take into account the practical situations of the Company, consider the selection criteria, selection procedures and terms of office of the Directors, and record and submit the resolutions to the Board for approval. All newly nominated Directors are subject to election and approval at general meetings. BOARD DIVERSITY POLICY The Board adopted the Board Diversity Policy in March 2015. The Company recognises and embraces the benefits of having a diverse Board to enhance the quality of its performance. Selection of candidates is based on a range of diversity perspectives, including but not limited to gender, age, cultural and educational background, ethnicity, professional experience, skills, knowledge and length of service. The ultimate decision is based on merit and contribution that the selected candidates is expected to bring to the Board.
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47 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 提名委員會將監察本政策的執行情况 ， 包括每年 進行至少一次檢討董事會成員的組合 ， 當中考慮 所有相關多元化層面的裨益 ， 以及在提出董事任 命建議時遵從本政策 。 年內 ， 董事會已透過提名委員會檢討董事會之架 構 、 規模 、 組成及多元化情況以及董事會提名及 委任程序 。 截至二零二四年十二月三十一日 ， (i)本集團的董 事會及高級管理層由女性及男性成員組成 ； 及 (ii) 本集團共有 434名僱員 ， 其中男性357人，女 性77 人。 董事會決心在全體員工 （包括高級管理層） 中保 持性別多元化及平等 。 董事會注意到上述段落中 為評估董事會成員候選資格而規定的因素的目 標 ， 並將確保董事會的任何繼任者均應遵守性別 多元化政策 。 亦應作出類似的考量 ， 以不時評估 高級管理團隊的候選人資格 。 提名政策 本公司設有提名政策 ， 以成立具備多元化技能及 經驗的董事會 。 甄選及建議委任董事須提交至提 名委員會及董事會 ， 以供批准 ， 而重選董事須按 照細則進行 。 評估候選人的標準包括其信譽 、 在 商業和行業的成就 、 經驗及聲譽以及承諾為本公 司及其附屬公司的業務投入足夠的時間 、 興趣及 關注 。 倘候選人獲建議委任為獨立非執行董事 ， 須根據上市規則規定評估其獨立性 。 The Nomination Committee will monitor the implementation of this policy, including reviewing the composition of the Board at least annually by taking into account the benefits of all relevant dimensions of diversity, as well as complying with this policy when making recommendations for Director appointments. During the year, the Board has reviewed the structure, size, composition and diversity of the Board as well as the Board nomination and appointment procedures through the Nomination Committee. As at 31 December 2024, (i) the Board and senior management of the Group comprised of both female and male members; and (ii) the Group had a total of 434 employees comprising of 357 males and 77 females. The Board is determined to maintain gender diversity and equality in terms of the whole workforce (including the senior management). The Board is mindful of the objectives for the factors as set out in the above paragraphs for assessing the candidacy of the Board members, and will ensure that any successors to the Board shall follow the gender diversity policy. Similar considerations shall also be in place to assess the candidacy of the senior management team from time to time. NOMINATION POLICY The Company has a nomination policy of having a board of directors with a diversity of skills and experience. The selection and proposed appointment of the Directors are submitted to the approval of both the Nomination Committee and the Board, and the re-election of Directors is conducted in accordance with the Articles. The criteria for assessing a candidate include his/her reputation for integrity, accomplishment, experience and reputation in the business and industry and commitment in respect of sufficient time, interest and attention to the businesses of the Company and its subsidiaries. If a candidate is proposed to be appointed as an independent non-executive Director, his/her independence shall be assessed in accordance with the requirements under the Listing Rules.
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48 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 股息政策 於本公司章程文件的條文及適用法律法規的規 限下 ， 本公司採納之股息政策為董事會提供向股 東宣派及分派股息的酌情權 。 於考慮是否建議或 宣派股息時 ， 董事會亦將考慮多項因素 ， 包括但 不限於營運 、 盈利 、 財務狀況 、 現金流量狀況 、 業 務狀況及戰略 、 股東權益 、 派付股息之任何限制 及董事會認為可能相關之任何其他因素 。 財政年 度的任何末期股息將須獲得股東批准 。 監事會 監事會由三名成員組成 ， 職工代表監事徐佳娟女 士由職工代表選舉產生 ， 而餘下兩名監事則由股 東選舉產生 。 徐佳娟女士於二零二二年五月三十 日獲委任 ， 而傅均先生及方治國先生各自已於二 零二二年五月三十日簽訂委任函 。 根據組織章程細則 ， 監事任期應為期三年 。 監事 會的職能及職責包括但不限於 ： 審閱及核實財務 報告 ， 如有任何疑問 ， 委任執業會計師及執業核 數師重新審閱本公司的財務資料 ； 監督本公司的 業務活動；監督董事 、 董事會主席及其他高級管 理層成員的表現 、 監察彼等在履行職責時有否違 反適用法律 、 法規及組織章程細則；要求董事 、 董事會主席及高級管理層成員糾正損害本公司 利益的行動 ； 及行使組織章程細則賦予彼等的其 他權利 。 DIVIDEND POLICY The dividend policy adopted by the Company provides the Board with the discretion to declare and distribute dividends to Shareholders subject to the provisions of the constitutional documents of the Company, and applicable laws and regulations. In considering whether to recommend or declare dividends, the Board will also take into account a number of factors including but not limited to operations, earnings, financial condition, cash flow situation, business conditions and strategies, interests of shareholders, any restrictions on payment of dividends and any other factors that the Board may consider relevant. Any final dividend for a financial year will be subject to Shareholders ’ approval. SUPERVISORY COMMITTEE The Supervisory Committee consists of three members. The employee representative Supervisor, namely Ms. Xu Jiajuan, was elected by employee representatives, whilst the remaining two Supervisors were elected by the Shareholders. Ms. Xu Jiajuan was appointed on 30 May 2022 while each of Mr. Fu Jun and Mr. Fang Zhiguo signed a letter of appointment on 30 May 2022. Pursuant to the Articles of Association, the term of office of the Supervisors shall be three years. The functions and duties of the Supervisory Committee include, but are not limited to, reviewing and verifying financial reports and, if in doubt, appointing certified public accountant and practicing auditor to re-examine the Company ’s financial information; monitoring the business activities of the Company; supervising the performance of the Directors, the chairman of the Board and other senior management members, and monitoring whether they had acted in violation of the applicable laws, regulations and Articles of Association in the performance of their duties; requesting the Directors, the chairman of the Board and senior management members to rectify actions which damage the Company ’s interests; and exercising other rights given to them under the Articles of Association.
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49 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 證券交易的標準守則 本集團採納標準守則作為董事及監事進行證券 交易的行為守則以規管該等交易 。 經作出特定書 面查詢後 ， 全體董事及監事確認 ， 彼等於本年度 一直遵守標準守則的相關條文 。 聯席公司秘書 王琛維先生 （前稱王漢傑） 及沈瓊女士為本公司 聯席公司秘書 。 作為聯席公司秘書 ， 王琛維先生及沈瓊女士於確 保董事會成員間有效交流資訊以及董事會政策 及程序得以遵守方面擔當重要角色 。 彼等負責就 企業管治事宜向董事會提供意見及安排董事的 入職培訓及專業發展 。 本公司聯席公司秘書已於本年度內遵守上市規 則第3.29條項下的相關專業培訓規定 。 上述各聯 席公司秘書的履歷詳情載於本年報上文 「董事 、 監事及高級管理層簡歷」 一節 。 MODEL CODE FOR SECURITIES TRANSACTIONS The Group adopted the Model Code as the code of conduct on securities transactions entered into by the Directors and Supervisors, in order to govern such transactions. Having made specific written enquiries, all Directors and Supervisors confirmed their compliance with the provisions under the Model Code throughout the Y ear. JOINT COMPANY SECRETARIES Mr. Wong Shum Wai (formerly known as Wong Hon Kit) and Ms. Shen Qiong are the joint company secretaries of the Company. Being the joint company secretaries, Mr. Wong Shum Wai and Ms. Shen Qiong serve an important role in ensuring good information flow within the Board and that the Board policies and procedures are followed. Both of them are responsible for advising the Board on corporate governance matters and facilitating induction and professional development of Directors. During the Y ear, the joint company secretaries of the Company complied with the relevant professional training requirement under Rule 3.29 of the Listing Rules. The biographical details of each of the said joint company secretaries are set out in the section headed “Biographies of Directors, Supervisors and Senior Management ” above in this annual report.
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50 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 財務報告及內部監控 財務報告 董事會明白本身有責任根據香港會計師公會頒 佈的香港財務報告準則及公司條例 （香港法例第 622章） 的披露規定編製財務報表 ， 以令其真實而 公平地反映本集團於本年度的事務狀況 、 業績及 現金流量 。 本公司根據審慎合理的判斷及估計 ， 選擇合適的會計政策並貫徹採用 。 董事會認為本 集團具備充足資源於可見未來繼續經營業務 ， 且 並不知悉有關可能影響本集團業務或使本集團 持續經營能力成疑的事件或狀況出現任何重大 不確定因素 。 本公司外聘核數師中匯安達會計師事務所有限 公司就財務報告所承擔的責任 ， 載於本年報下文 「獨立核數師報告」 一節 。 內部監控及風險管理 董事會負責建立及制訂內部監控及風險管理框 架 ， 並定期檢討本集團的內部監控程序及政策以 及風險管理常規 。 然而 ， 本集團之風險管理及內 部監控制度之設計旨在管理而非消除未能達成 業務目標之風險 ， 僅可對重大失實聲明或損失提 供合理而非絕對保證 。 審核委員會負責就內部監 控及風險管理問題提出建議並進行監察 ， 並積極 就上述問題的最佳常規與董事及本集團高級管 理層溝通 。 高級管理層成員負責執行本集團採納 的內部監控政策及程序以及風險評估常規 。 在本 集團設立其內部審計部門的期間 ， 本集團財務總 監及聯席公司秘書目前正肩負內部審計職能 ， 協 助董事會及高級管理層檢討及維護本集團內部 監控及風險管理框架 、 相關政策及程序以及常規 的實施 ， 並就此提出建議 。 FINANCIAL REPORTING AND INTERNAL CONTROL Financial reporting The Board acknowledges its responsibility to prepare the Financial Statements which give a true and fair view of the Group’s state of affairs, results and cash flows for the Y ear and in accordance with the Hong Kong Financial Reporting Standards issued by the HKICPA, and the disclosure requirements under the Companies Ordinance (Cap. 622 of the Laws of Hong Kong). The Company selected appropriate accounting policies and applied them consistently based on prudent and reasonable judgments and estimates. The Board considers that the Group has adequate resources to continue in business for the foreseeable future and is not aware of any material uncertainties relating to any events or conditions that may affect the business of the Group or cast doubts on its ability to continue as a going concern. The responsibilities of Zhonghui Anda CPA Limited, the Company ’s external auditor, with respect to financial reporting are set out in the section headed “Independent Auditors’ Report” below in this annual report. INTERNAL CONTROL AND RISK MANAGEMENT The Board is responsible for the establishment and development of the internal control and risk management framework, as well as the regular review of the internal control procedures and policies and risk management practices of the Group. The Group ’s risk management and internal control systems are, however, designed to manage rather than eliminate the risk of failure to achieve business objectives, and can only provide reasonable and not absolute assurance against material misstatement or loss. The Audit Committee is responsible for advising on and overseeing the internal control and risk management issues, and assuming an active role in communicating the best practice in the aforesaid issues to the Directors and senior management of the Group. The senior management members are responsible for the execution of internal control policies and procedures as well as risk assessment practices implemented by the Group. Amid the Group ’s set- up of its internal audit department, the CFO and the joint company secretaries of the Group are currently carrying out the internal audit function and assisting the Board and senior management to review, maintain and advise on the internal control and risk management framework and the implementation of the relevant policies, procedures and practices of the Group.
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51 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 本集團的風險管理常規乃為管理其所面對的內 部及外部風險 。 在全體員工堅持執行舉報政策的 幫助下 ， 本集團的風險可保持在可管理水平 。 於本年度 ， 董事會或其代表就本集團的內部監控 及風險管理進行常規演練檢查 ， 包括分析整體內 部監控及風險管理制度 、 諮詢經理並與彼等討論 所涉及各自部門的問題 、 評估政策 、 程序及常規 的有效性以及自聯席公司秘書及財務總監獲取 建議 。 本公司於本年度聘請獨立專業公司檢討我 們的內部監控及風險管理系統 。 董事會亦根據企業管治守則第 D.2.1段對本集團 的經改善內部監控政策及程序以及風險管理常 規進行年度檢討 ， 包括本集團的財務 、 營運及合 規監控以及風險管理職能 。 董事會已完成檢討本 年度本集團的內部監控政策及程序以及風險管 理常規的有效性 ， 並認為屬充分且有效 。 就內幕信息而言 ， 本公司亦設有處理及發佈信息 之框架 ， 且該框架之披露政策載列有關程序及內 部控制以確保內幕信息保密 ， 直至該信息妥為披 露及該信息之公告乃根據證券及期貨條例及上 市規則及時作出披露為止 。 The Group’s risk management practices are to manage the risks that it internally and externally encounters. With the assistance of the whistle blowing policies to be adhered to by all staff, the Group ’s risks could be kept at a manageable level. During the Y ear, the Board or its representatives conducted a regular walk-through examination on internal controls and risk management throughout the Group, including analysing the internal control and risk management system as a whole, interviewing and discussing with managers on issues in which their respective departments were involved, assessing on the effectiveness of policies, procedures and practices, and taking advices from the joint company secretaries and CFO. The Company hired an independent professional firm to review our internal control and risk management system during the Y ear. The Board also carry out a review of the enhanced internal control policies and procedures as well as risk management practices of the Group in accordance with paragraph D.2.1 of the CG Code annually, including financial, operational and compliance controls as well as risk management functions of the Group. The Board had reviewed the effectiveness of the Group’s internal control policies and procedures as well as risk management practices for the Y ear, and considered that they are adequate and effective. In relation to inside information, the Company also maintains a framework for the handling and dissemination of information and disclosure policy of the framework sets out the procedures and internal controls to ensure inside information remains confidential until such information is appropriately disclosed and the announcement of such information is made in a timely manner in compliance with the SFO and the Listing Rules.
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52 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 董事會 、 審核委員會及本公司高級管理層將持續 檢討相關政策 、 程序及常規以就本集團的營運維 持高水平的企業管治 。 本集團用於識別 、 評估及管理重大風險的程序概 述如下： 程序 風險識別 • 識別可能對本集團業務及 運營構成潛在影響之風險 風險評估 • 使用管理層建立之評估標 準 ， 評估已識別之風險； 及 • 考慮風險對業務之影響及 出現之可能性 。 風險應對 • 透過比較風險評估之結果 排列風險優先次序；及 • 釐定風險管理策略及內部 監控程序 ， 以防止 、 避免 或降低風險 。 風險監察及匯報 • 持續並定期監察有關風 險 ， 以及確保設有適當的 內部監控程序； • 於出現任何重大變動時 ， 修訂風險管理政策及內部 監控程序；及 • 向管理層及董事會定期匯 報風險監察的結果 。 The Board, the Audit Committee, the Company ’s senior management will continue to review the relevant policies, procedures and practices in order to maintain a high level of corporate governance over the operation of the Group. The procedures used to identify, evaluate and manage significant risks by the Group are summarised as follows: Procedures Risk Identification • Identifies risks that may potentially affect the Group ’s business and operations Risk Assessment • Assesses the risks identified by using the assessment criteria developed by the management; and • Considers the impact on the business and the likelihood of their occurrence. Risk Response • Prioritises the risks by comparing the results of the risk assessment; and • Determines the risk management strategies and internal control procedures to prevent, avoid or mitigate the risks. Risk Monitoring and Reporting • Performs ongoing and periodic monitoring of the risks and ensures that appropriate internal control procedures are in place; • Revises the risk management strategies and internal control procedures in case of any significant change of situation; and • Reports the results of risk monitoring to the management and the Board regularly.
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53 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 外聘核數師及核數師酬金 中匯安達會計師事務所有限公司於二零二四年 六月三十日獲續聘為本公司外聘核數師 。 本年度 內 ， 就中匯安達會計師事務所有限公司為本集團 提供年度審計服務而支付的費用約為 1. 4百萬港 元。 本年度內 ， 董事會與審核委員會之間對外聘核數 師的揀選及委任事宜並無分歧 。 截至二零二四年十二月三十一日止年度 ， 外聘核 數師所提供服務及其相應酬金的概要如下： * 涉及主要交易 、 持續關連交易及內部審核 EXTERNAL AUDITOR AND AUDITOR ’S REMUNERATION Zhonghui Anda CPA Limited was re-appointed as the external auditor of the Company on 30 June 2024. During the Y ear, the fees paid to Zhonghui Anda CPA Limited in respect of its annual audit services provided to the Group was approximately HK$1 .4 million. There was no disagreement between the Board and the Audit Committee on the selection and appointment of the external auditor during the Y ear. A summary of services provided by the external auditors for the year ended 31 December 2024 and their corresponding remuneration are as follows: Nature of service Amount 服務性質 金額 HK$’000 千港元 Audit service 1,400 審計服務 Non-audit service* 248 非審計服務 * In connection with the major transaction, continuing connected transactions and interim review
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54 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 股東通訊及股東權利 本公司旨在透過其企業管治架構 ， 讓全體股東有 平等機會在知情情況下行使其權利 ， 並讓其積極 參與本公司事務 。 根據組織章程細則 、 股東通訊 政策及本公司其他相關內部程序 ， 股東可享有 （其中包括） 以下權利： (i) 參加股東大會 本公司的股東大會為董事會與股東提供直 接溝通機會 。 本公司鼓勵股東透過出席股 東週年大會及其他股東大會參與本公司 事務 ， 會上股東可與董事會會面及交流意 見 ， 並行使其表決權利 。 本公司須安排向 股東發出大會通告及載有提呈決議案詳 情的通函 。 倘為股東週年大會 ， 應在會議 日期前 20個工作日發出通知；倘為股東特 別大會 ， 應在會議日期前 10個工作日或 15 天 （以較長者為準） 發出通知 。 在股東大會 上 ， 各重大事項 （包括選舉個別董事） 將會 提呈獨立決議案 。 COMMUNICATION WITH SHAREHOLDERS AND SHAREHOLDERS’ RIGHTS The Company aims to, by virtue of its corporate governance structure, enable all Shareholders an equal opportunity to exercise their rights in an informed manner and allow them to engage actively with the Company. Under the Articles of Association, the shareholder communication policy and other relevant internal procedures of the Company, the Shareholders enjoy, among others, the following rights: (i) Participation in general meetings The general meetings of the Company provide an opportunity for direct communication between the Board and the Shareholders. The Company encourages the participation of the Shareholders through annual general meetings and other general meetings where the Shareholders meet and exchange views with the Board, and to exercise their right to vote at meetings. The Company shall arrange notices of meetings and circulars containing details on proposed resolutions to be sent to the Shareholders. In the case of the annual general meeting, such notice shall be given 20 business days before the date of the meeting, and in the case of an extraordinary general meeting, notice shall be given 10 business days or 15 days (whichever is longer) before the date of the meeting. At general meetings, separate resolutions are proposed on each substantial issue, including the election of individual Directors.
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55 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 (ii) 向董事會查詢及提出建議 本公司鼓勵股東出席股東大會 ， 通過在股 東大會向董事會及該等董事會委員會就營 運及管治事宜直接提問作出建議 ， 或將有 關建議的書面通知送交本公司的中國註冊 辦事處 （現時位於中國浙江省諸暨市牌頭 鎮天潔工業園區） 或本公司香港主要營業 地點 （地址為香港上環干諾道西 20號中英 大廈 12樓1201 室） ， 註明聯席公司秘書收 啟。 (iii) 召開股東特別大會 根據組織章程細則 ， 若單獨或合計持有本 公司有表決權的已發行股份 10%或以上的 股東以簽署及提交一份或者數份同樣格式 及內容的書面要求並闡明會議的議題以書 面形式要求召開股東特別大會或類別股東 大會 ， 董事會則須盡快且在任何情況下於 兩個月內召開股東特別大會或類別股東大 會 。 董事會在收到前述書面要求後應當在 切實可行情況下盡快且在任何情況下於兩 個月內召開股東特別大會或類別股東大 會 。 前述持股數按相關股東提出書面要求 當日計算 。 如果董事會在收到前述書面要 求後 30天內沒有發出召開有關大會的通 告 ， 提出該要求的股東有權以書面形式要 求監事會召開會議 。 如果監事會同意召開 會議但在收其通過相關決議案後五 (5)天 內沒有發出召開有關大會的通告 ， 連續 90 日以上單獨或合計持有本公司股份 10%或 以上的股東可以自行召集和主持大會 。 召 開有關大會的程序應當盡最大可能與董事 會召開股東大會或類別股東大會的程序相 同。 (ii) Enquiries and proposals to the Board The Company encourages Shareholders to attend Shareholders ’ meetings and make proposals by either directly raising questions on both operational and governance matters to the Board and Board Committees at the general meetings or providing written notice of such proposals for the attention of the joint company secretaries at the registered office of the Company in the PRC currently located at TENGY Industrial Park, Paitou Town, Zhuji City, Zhejiang Province, The PRC or the Company ’s principal place of business in Hong Kong at Room 1201, 12th Floor, Chung Ying Building, 20 Connaught Road West, Sheung Wan, Hong Kong. (iii) Convening extraordinary general meetings Pursuant to the Articles of Association, the Board shall convene an extraordinary general meeting or class meeting as soon as possible and in any case within two months, where any Shareholder holding, severally or jointly, 10% or more of the Company ’s issued shares carrying voting rights requests in writing for the convening of an extraordinary general meeting or class meeting by signing and submitting one or several written requests with the same format and contents and specifying the agenda of the meeting. An extraordinary general meeting or class meeting shall be convened by the Board as soon as practicable and in any case within two months upon receipt of the aforesaid written request. The aforesaid shareholding shall be calculated on the basis of the date on which the relevant Shareholders submit the written request. If the Board fails to dispatch a notice of convening such meeting within 30 days upon receipt of the aforesaid written request, the Shareholder(s) who proposed to convene the meeting is/are entitled to request in writing the Supervisory Committee to convene the meeting. If the Supervisory Committee agrees to convene the meeting but does not issue a notice of the meeting within five (5) days after the passing of the relevant resolution by the Supervisory Committee, the Shareholders individually or jointly holding 10% or more of the shares of the Company for more than 90 consecutive days may convene and hold such a meeting by themselves. The procedures for convening such meeting should follow those for convening a general meeting or class meeting of Shareholders by the Board to the greatest extent practicable.
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56 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Corporate Governance Report 企業管治報告 股東因董事會未應前述要求舉行會議而自 行召開並舉行會議的話 ， 其所產生的一切 合理費用應當由本公司承擔 ， 並從本公司 欠付失職董事的款項中扣除 。 (iv) 在股東大會上提出議案的程序 股東在監察及監控本公司業務營運的過程 中 ， 有權提出議案及質詢 。 單獨或合計持 有本公司有表決權的股份 3%或以上的股 東 ， 有權在股東大會舉行前十天內以書面 形式向董事會提出臨時議案 ， 而董事會應 在收到有關議案後兩天內知會其他股東並 將有關議案遞交股東大會以供審批 。 所提出的議案內容須屬於股東大會職責範 圍內且具有明確主題及具體議決事宜 ， 並 須符合適用法律 、 行政法規及組織章程細 則的相關規定 。 All reasonable expenses incurred for the purpose of convening and holding the aforesaid meeting by Shareholders due to the failure of the Board to hold such meeting in response to the aforesaid request shall be borne by the Company. Such expenses shall be deducted from the amounts due by the Company to the Director(s) who have defaulted their duties. (iv) Procedures for putting forward proposals at a general meeting In overseeing and monitoring the business operation of the Company, the Shareholders have the right to put forward proposals and raise inquiries. Shareholders individually or together holding 3% or more of the Company’s voting Shares have the right to put up ad- hoc proposals in writing to the Board within ten days before the holding of the general meeting, and the Board shall notify other Shareholders within two days after receipt of the proposals and submit them to the general meeting for consideration and approval. The contents of the proposals to be raised shall be within the scope of duties of the general meetings. It shall have a clear topic and specific matters to be resolved on, and shall be in compliance with relevant requirements of the applicable laws, administrative regulations and the Articles of Association.
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57 Annual Report 2024 年報 Corporate Governance Report 企業管治報告 投資者關係 本公司透過多元化的溝通渠道 ， 繼續在與股東及 投資者的溝通方面維持高透明度 ， 溝通渠道包 括(i)上市規則規定的公司通信印刷本 （包括但不 限於年報 、 中期報告 、 業績公告 、 企業公告及通 函）; (ii) 本公司網站 (www.tengy.com)；(iii) 舉辦股 東週年大會及其他股東大會；及 (iv) 不時安排投 資者及分析員會面 。 董事會認為信息傳達渠道有 效且充足 。 本公司時刻確保能有效 、 平等及適時 向股東及投資人士傳達信息 ， 並會定期檢討有關 信息傳達渠道的有效性 。 憲章文件 除根據本公司於二零二二年八月二十二日通過 的特別決議案對組織章程細則作出之修訂外 ， 本 公司的憲章文件於本年度內概無任何變動 。 組織章程細則於聯交所及本公司各自的網站可 供查閱 。 INVESTOR RELATIONS The Company continues to maintain high transparency in communicating with Shareholders and investors through diversified communication channels which include (i) printed corporate communications (including but not limited to annual reports, interim reports, results announcements, corporate announcements and circulars) as required by the Listing Rules; (ii) the Company ’s website (www.tengy.com); (iii) annual general meetings and other general meetings; and (iv) investor and analyst meetings arranged from time to time. The Board considered the information transmission channels are effective and adequate. The Company always ensures that information can be communicated to Shareholders and investors in an effective, equal and timely manner, and will regularly review the effectiveness of relevant information transmission channels. CONSTITUTIONAL DOCUMENTS Save for the amendment of the Articles of Association pursuant to a special resolution of the Company passed on 22 August 2022, there was no change in the constitutional documents of the Company during the Y ear. The Articles of Association is available on the respective websites of the Stock Exchange and the Company.
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58 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Directors’ Report 董事會報告 The Directors are pleased to present the annual report together with the audited consolidated financial statements of the Group for the Y ear. PRINCIPAL ACTIVITIES The Company is a well-established integrated atmospheric pollution control solution provider, with a primary focus on particulate emission control by offering mega-size precipitators to customers in various industries. During the Y ear, the Group mainly offers three types of precipitators: the Group mainly offers three types of precipitators: electrostatic precipitators, bag filter precipitator and SO 2 and NOx emission reduction (desulfurisation and denitrification devices). The principal activities and other particulars of the Company’s subsidiaries are set out in note 1 to the Financial Statements. FINANCIAL POSITION AND RESULTS The Group’s financial position as at 31 December 2024 and the Group ’s profit for the Y ear are set out in the section headed “Financial Highlights” above in this annual report. A discussion and analysis of the Group ’s performance during the Y ear and the key factors affecting its financial position and results are set out in the section headed “Management Discussion and Analysis” above in this annual report. FINANCIAL SUMMARY A summary of the Group ’s results, assets and liabilities for the last five financial years is set out in the section headed “Five-Y ear Financial Summary” below in this annual report. This summary does not form part of the audited Financial Statements. CONNECTED TRANSACTIONS (I) Particulars of the transactions Hereinbelow are a list of the connected transactions entered into by the Company or members of the Group with connected parties (i) during the Y ear; or (ii) prior to the listing of the Shares on the Stock Exchange (the “Listing”) that continued upon Listing and were disclosed in the prospectus dated 24 September 2015 prepared for the purpose of the Listing ( “Prospectus”) with no further changes after implementation except as provided herein otherwise. 董事欣然提呈年報連同本集團於本年度的經審 核綜合財務報表 。 主要業務 本公司為著名的綜合大氣污染防治解決方案供 應商 ， 主要專注於顆粒物的排放控制 ， 在多個行 業為客戶提供特大型除塵器 。 於本年度 ， 本集團 主要提供三種除塵器：靜電除塵器 、 袋式除塵器 及減少二氧化硫及氮氧化物排放 （脫硫及脫硝裝 置 ）。 本公司附屬公司的主要業務及其他詳情載於財 務報表附註 1。 財務狀況及業績 本集團於二零二四年十二月三十一日的財務狀 況及本集團於本年度的溢利載於本年報上文 「財 務摘要」 一節 。 本集團於本年度的表現討論及分析以及影響其 財務狀況及業績的主要因素載於本年報上文 「管 理層討論及分析」 一節 。 財務概要 本集團過去五個財政年度的業績 、 資產及負債概 要載於本年報下文 「五年財務數據摘要」 一節 。 該 摘要並不屬於經審核財務報表的一部分 。 關連交易 (I) 交易詳情 下表載列 (i) 於本年度；或 (ii) 於股份於聯交 所上市 （ 「上市」 ） 前本公司或本集團成員公 司與關連方訂立並於上市後持續的關連交 易 ， 有關交易已於日期為二零一五年九月 二十四日就上市而編製的招股章程 （ 「招股 章程 」 ） 中披露 ， 執行後除本年報另行所載 的情況外並無其他變動 。
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59 Annual Report 2024 年報 Directors’ Report 董事會報告 Description of the transaction Inquiry Index 交易概述 查詢索引 On 25 April 2015, the Company entered with TGL, the holding company of the Group, into a power supply agreement which was renewed on 1 January 2024, the renewed agreement ending on 31 December 2024 ( “TGL Power Supply Agreement ”), under which TGL would procure supply of electricity to the Company in the premises on lease from TGL in relation to daily operation of the Company’s office as well as the manufacturing and processing of goods which include the outer casings of the precipitators. Reason for entering into the subject agreement was that such premises are owned by TGL and accordingly the power supply services registered with the relevant power enterprises are in the name of TGL. In light of the foregoing circumstances, any procurement for alternate source of power supply would cause unnecessary costs and disruption. Whilst no additional costs would be charged by TGL, the amount payable by the Company under the TGL Power Supply Agreement for the provision of electricity supply was determined on with reference to the fee scale implemented by the PRC Government. Payment would be furnished to TGL on a cost basis on 25th day of each calendar month in accordance with the actual amount of electricity consumed by the Company of that particular month, and such consumption amount should be confirmed by both parties to the TGL Power Supply Agreement by jointly inspecting the readings on the relevant meters on 5th day of each calendar month. The amount of total utility payment to TGL for the Y ear is included in note 36 to the Financial Statements. The total utility fees payable to TGL in 2024 under the TGL Power Supply Agreement was approximately RMB1,837 ,560. For further details regarding the TGL Power Supply Agreement, please refer to the section headed “Connected Transactions” in the Prospectus. 於二零一五年四月二十五日 ， 本公司與本集團控股公司 TGL訂立供電 協 議，且 於二零二四 年一月一日續約 ， 續約年期截至二零二四 年十二 月三十一日止 （ 「TGL供電協議 」 ） 。據 此，TGL將就向 TGL租用的物業 為本公司取得電力供應 ， 以應本公司辦公室日常營運和製造及加工 貨品 （包括除塵器的外殼） 之需 。 訂立上述協議的理由是該等物業由 TGL擁有 ， 故在相關電力企業登記的供電服務乃以 TGL的名義進行 。 有見及此 ， 若需取得任何其他供電來源 ， 將產生不必要的成本及造成 業務中斷 。TGL不會收取額外成本 ， 而本公司根據 TGL供電協議就電 力供應應付的金額乃參考中國政府執行的價格範圍釐定 。 本公司將 根據每月實際耗電量於每個曆月第 25天按成本向 TGL 支付電費 ， 而 耗電量應由 TGL供電協議訂約雙方在每個曆月第 5天共同讀取相關電 表讀數後確認 。 本年度我們應向TGL支付的公用事業費用總額載於財 務報表附註 36。於二零二四 年根據TGL供電協議應付予 TGL的公用事 業費用總額約為人民幣 1,837 ,560元。 有關TGL供電協議的更多詳情 ， 請 參閱招股章程 「關連交易」 一節 。
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60 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Directors’ Report 董事會報告 Description of the transaction Inquiry Index 交易概述 查詢索引 On 2 January 2024, the Company entered into the processing services agreement ( “2024 Processing Services Agreement”) with Zhejiang Tianjie General Machinery Co., Ltd.* （浙江天潔通用機械有 限公司）(“Tianjie General Machinery ”), pursuant to which Tianjie General Machinery agreed to provide the services of processing mechanical parts and semi-finished products of environmental protection equipment to the Company. The Directors (including the independent non-executive Directors) are of the view that the engagement of Tianjie General Machinery as service provider can help the Group leverage on the extensive experience of Tianjie General Machinery in processing services and ensure a smooth business operation of the Group, thereby bringing benefits to the sustainable development of the Group. The annual cap for the service fees under the 2024 Processing Services Agreement will not exceed RMB8.8 million throughout the term thereof. For details, please refer to the announcement of the Company dated 2 January 2024. 於二零二四年一月二日 ， 本公司與浙江天潔通用機械有限公司 （ 「天 潔通用機械 」 ） 訂立加工服務協議 （ 「二零二四年加工服務協議 」）， 據 此 ， 天潔通用機械同意向本公司提供環保設備機械部件及半成品加 工服務 。 董事 （包括獨立非執行董事） 認為 ， 聘用天潔通用機械作為 服務供應商可有助本集團利用其在加工服務方面的豐富經驗 ， 確保 本集團的業務順利運營 ， 從而為本集團的可持續發展帶來裨益 。 二零 二四年加工服務協議項下服務費的年度上限在整個協議期內將不超 過人民幣 8.8百萬元 。 詳情請參閱本公司為期為二零 二四年一月二日之公告 。 On 15 January 2024, our company entered into a master supply agreement ( “Master Supply Agreement ”) with Tianjie New Materials for a term of three years up to 31 December 2026. Under the terms of this Master Supply Agreement, Tianjie New Materials agreed to supply, and the Company agreed to purchase steel structural components for dust collectors. The reasons for entering into this Master Supply Agreement are as follows. The Board of Directors believes that engaging Tianjie New Materials as a supplier will enable our Group to make use of Tianjie New Materials ’ extensive experience in manufacturing steel structural components for dust collectors. This will ensure the smooth operation of our Group ’s business and thus contribute to the sustainable development of our Group. The procurement payments that our company is obligated to pay to Tianjie New Materials under the Master Supply Agreement will be determined by the two contracting parties in accordance with the following: (i) The purchase price of products that our company is to pay to Tianjie New Materials shall be determined and agreed upon by the contracting parties based on the current market prices; (ii) Our company shall pay the purchase price under the Master Supply Agreement when placing an order for each batch of products. The amount of procurement payments made to Tianjie New Materials in the current year is included in Note 36 of the financial statements. During the term of the agreement, the annual cap on the total value of transactions for products supplied under the Master Supply Agreement will not exceed RMB8.5 million. For details, please refer to the announcement of the Company dated 15 January 2024.
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61 Annual Report 2024 年報 Directors’ Report 董事會報告 Description of the transaction Inquiry Index 交易概述 查詢索引 於二零二四年一月十五日 ， 本公司與天潔新材料訂立為期三年至二 零二六年十二月三十一日的總供應協議 （ 「總供應協議 」 ） 。 根據總供 應協議條款 ， 天潔新材料同意供應 ， 且本公司同意購買除塵器鋼結構 部件 。 訂立總供應協議的理由如下 。 董事會認為 ， 委聘天潔新材料為 供應商有助本集團利用天潔新材料於生產除塵器鋼結構部件方面的 豐富經驗 。 此舉將確保本集團業務營運暢順 ， 從而為本集團的可持續 發展帶來裨益 。 本公司就總供應協議應付天潔新材料的採購款項將 由訂約雙方按照以下各項釐定 ： (i)本公司應付天潔新材料的產品採購 價應根據現行市場價格由訂約方釐定並協定； (ii) 本公司應於訂購每 批產品時支付總供應協議項下的採購價 。 本年度支付予天潔新材料 的採購款項金額計入財務報表附註 36。 總供應協議供應產品交易總 值之年度上限於協議期內將不會超過人民幣 8.5百萬元 。 詳情請參閱本公司日期為二零 二四年一月十五日的公告 。 On 1 October 2023, the Company as lessee entered into the third lease agreement in 2023 with 諸暨市天宇實業投資有限公司 (Zhuji City Tianyu Industry Investment Ltd*) ( “Tianyu Industry ”) as lessor for the leasing of 6th Floor of Tianjie Building situated at No. 251 Huacheng East Road, Zhuji City, Zhejiang Province, China with gross floor area of 1283.85 square meter for a term of one year commencing from 1 October 2023 and expiring on 30 September 2024 for an annual rental amount of RMB375,000. On 28 September 2024, the company renewed the lease agreement with Zhuji Jialing Life Service Co., Ltd.* （諸暨市佳領生活服務有限公司） (“Zhuji Jialing”), the agent of Tianyu Industry for a term commencing from 1 October 2024 and expiring on 30 September 2025 for an annual rental amount of RMB 450,000. For details, please refer to the announcement of the Company dated 14 April 2025 於二零二三年十月一日 ， 本公司 （作為承租人） 與諸暨市天宇實業投 資有限公司 （ 「天宇實業 」 ） （作為出租人） 就租賃位於中國浙江省諸 暨市環城東路 251 號的天潔大廈第 6 層 （建築面積為 1,283.85 平方 米） 訂立二零二三年第三份租賃協議 ， 自二零二三年十月一日起為期 一年 ， 並於二零二四年九月三十日屆滿 ， 每年租金為人民幣 375,000 元。 於二零二四年九月二十八日 ， 本公司與天宇實業的代理諸暨市 佳領生活服務有限公司 （ 「諸暨佳領 」 ） 續訂該租賃協議 ， 自二零二四 年十月一日起為期一年 ， 並於二零二五年九月三十日屆滿 ， 每年租金 為人民幣 450,000元。 詳情請參閱本公司日期為二零 二五年四月十四日的公告 On 1 January 2024, the Company as lessee entered into the first lease agreement with Tianyu Industry as lessor for the leasing of 23rd Floor of Tianjie Building situated at No. 251 Huancheng East Road, Zhuji City, Zhejiang Province, China with gross floor area of 1176.11 square meter for a term of one year commencing from 1 January 2024 and expiring on 31 December 2024 for an annual rental amount of RMB483,000. For details, please refer to the announcement of the Company dated 12 April 2024 於二零二四年一月一日 ， 本公司 （作為承租人） 與天宇實業 （作為出租 人） 就租賃位於中國浙江省諸暨市環城東路 251 號的天潔大廈第 23 層 （建築面積為1,176.11平方米） 訂立第一份租賃協議 ， 自二零二四年 一月一日起為期一年 ， 並於二零二四年十二月三十一日屆滿 ， 每年租 金為人民幣 483,000元。 詳情請參閱本公司日期為二零 二四年四月十二日的公告
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62 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Directors’ Report 董事會報告 Description of the transaction Inquiry Index 交易概述 查詢索引 On 12 April 2024, the Company as lessee entered into the second lease agreement with TGL as lessor for the leasing of the plant located at Xiaoyanshi Village, Dongfang Black Tea Farm, Paitou Town, Zhuji City, Zhejiang Province with gross floor area of 16,495.46 square meter; and the ancillary equipment including the power distribution and fire equipment (the “Plant and Equipment ”) for a term of on year commencing from 14 April 2024 and expiring on 13 April 2025. Reasons for entering the second lease are that it would be beneficial for the Company to enter into the second lease agreement and continue to lease and Plant and Equipment as it will enable the Company to secure its stable operation without incurring additional costs and expenses in identifying, renovating and relocating to other plant and ensure that there will be no disruption to the operations, business and growth of the Group. The annual cap for the said lease will not exceed RMB3.5 million. For details, please refer to the announcement of the Company dated 12 April 2024 於二零二四年四月十二日 ， 本公司 （作為承租人） 與TGL（作為出租 人） 就租賃位於浙江省諸暨市牌頭鎮東方紅茶場小硯石的廠房 （建築 面積為16,495.46平方米） ； 以及包括配電及消防設備在內的配套設備 （「廠房及設備 」 ） 訂立第二份租賃協議 ， 自二零二四年四月十四日起 為期一年 ， 並於二零二五年四月十三日屆滿 。 訂立第二份租賃協議的 理由是訂立第二份租賃協議並繼續租賃廠房及設備將對本公司有所 裨益 ， 因為這將使本公司能夠確保其穩定運營 ， 而不會在物色 、 翻新 及搬遷至其他廠房方面產生額外成本及費用 ， 並確保不會對本集團 的運營 、 業務及增長造成干擾 。 所述租賃的年度上限為人民幣 3.5百 萬 元。 詳情請參閱本公司日期為二零 二四年四月十二日的公告 On 9 December 2024, the Company entered into the master supply agreement (“2nd Master Supply Agreement ”) with Tianjie General Machinery, pursuant to which Tianjie General Machinery agreed to purchase and the Company agreed to supply industrial parts, materials and equipment. The Directors (including the independent non-executive Directors) are of the view that the supply of Products to Tianjie General Machinery can lead to higher sales volume, contributing positively to the revenue of the Company. The entering into of the 2nd Master Supply Agreement also fosters long-term partnerships between the Company and Tianjie General Machinery, leading to consistent order flow and stability for the Company as supplier and thereby bringing benefits to the sustainable development of the Group. The annual caps for the aggregate transaction value in respect of the supply of the products under the 2nd Master Supply Agreement will not exceed RMB5 million (equivalent to HK$5.35 million) for the year ending 31 December 2024 and RMB8.5 million (equivalent to HK$9.095 million) for each of the two years ending 31 December 2026. For details, please refer to the announcement of the Company dated 9 December 2024 於二零二四年十二月九日 ， 本公司與天潔通用機械訂立總供應協議 （「第二份總供應協議 」 ） ， 據此 ， 天潔通用機械同意購買及本公司同 意供應工業零部件 、 材料及設備 。 董事 （包括獨立非執行董事） 認為 ， 向天潔通用機械供應產品可提升銷量 ， 對本公司收益作出積極貢 獻 。 訂立第二份總供應協議亦促進本公司及天潔通用機械的長期合 作關係 ， 為本公司 （作為供應商） 帶來穩定的訂單流及穩定性 ， 從而 為本集團的可持續發展帶來裨益 。 第二份總供應協議項下有關產品 供應交易總值之年度上限 ， 於截至二零二四年十二月三十一日止年 度將不超過人民幣 5百萬元 （相當於5.35百萬港元） 及截至二零二六年 十二月三十一日止兩個年度各年將不超過人民幣 8.5百萬元 （相當於 9.095百萬港元） 。 詳情請參閱本公司為期為二零 二四年十二月九日之公告 。
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63 Annual Report 2024 年報 Directors’ Report 董事會報告 (II) Confirmation opinion by independent non-executive Directors on connected transactions The independent non-executive Directors (Note 1) reviewed all connected transactions as mentioned above and confirmed that: (1) Such transactions were conducted in the ordinary course of business of the Company; (2) Such transactions were conducted on normal commercial terms or, if transactions available for comparison were insufficient to determine whether the terms of such transactions are normal commercial terms, from the perspective of the Company, the terms of such transactions were no less favourable than the terms offered to or by independent third parties; and (3) Such transactions were conducted in accordance with the terms of the agreements governing relevant transactions, which terms were fair and reasonable and in the interests of the Shareholders as a whole. Note 1: All connected transactions have been confirmed by Mr. Wang Feng, Mr. Fung Kui Kei and Mr. Li Jiannan. (II) 獨立非執行董事關於關連交易的確 認意見 獨立非執行董事 （附註1 ） 審閱上述所有關 連交易 ， 並確認： (1) 該等交易屬本公司的日常業務； (2) 該等交易是按照一般商業條款進行 ， 或如可供比較的交易不足以判斷該 等交易的條款是否為一般商業條款 ， 則對本公司而言 ， 該等交易的條款不 遜於獨立第三方可取得或提供的條 款；及 (3) 該等交易是根據有關交易的協議條 款進行 ， 而條款屬公平合理 ， 並且符 合股東的整體利益 。 附註1： 所有關連交易已經汪峰先生 、 馮鉅基先生及酈 建楠先生確認 。
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64 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Directors’ Report 董事會報告 (III) 本公司外聘核數師關於關連交易的 確認意見 經審閱本年報中披露的關連交易信息後 ， 中匯安達會計師事務所有限公司已致函董 事會確認彼等並無得悉任何問題可致使彼 等相信該等關連交易出現以下情況： (1) 未經董事會批准； (2) （ 若交易涉及由本公司提供貨品或服 務） 未在各重大方面按照本公司的定 價政策而進行； (3) 在各重大方面並非根據有關交易的 協議條款進行；及 (4) 分別超逾招股章程 、 相關公告或通函 披露的上限 。 (IV) 本公司本年度經審核財務報表附註 36的關聯方╱關連交易 財務報表附註 35所載的關聯方╱關連交易 的清單中 ， 下列交易構成上市規則第14A章 的關連交易 ， 並已全面遵守有關規定 。 該 合規詳情載列如下： (III) Confirmation opinion from the Company ’s external auditor on connected transactions Having reviewed the connected transactions disclosed in this annual report, Zhonghui Anda CPA Limited issued a letter to the Board to confirm nothing came to their attention that caused them to believe such connected transactions: (1) not having been approved by the Board; (2) not having been carried out, in all material respects, based on the pricing policy of the Company (if the transaction involves provision of goods or services by the Company); (3) not having been carried out, in all material respects, in accordance with terms of agreements governing the relevant transactions; and (4) having exceeded the caps as disclosed in the Prospectus, relevant announcements or circulars, respectively. (IV) Related party/connected transactions in note 36 to the audited financial statements of the Company for the Y ear Out of the list of the related party/connected transactions set out in note 35 to the Financial Statements, the following transactions constitute connected transactions for the purpose of Chapter 14A of the Listing Rules under which the requirements have been fully complied with. Details of the said compliance are as follows: Whether or not constituting connected T ype of Agreement for transaction or continuing Whether or not in compliance with connected the connected connected transaction Details of the connected the disclosure requirements under Connected party transaction transactions (connected relationship) transaction Chapter 14A of the Listing Rules 關連交易 是否構成關連交易或持續 是否已符合上市規則第 14A章 關連方 類型 關連交易協議 關連交易 （關連關係） 關連交易詳請 的披露規定 TGL Supply of utilities TGL Power Supply Agreement Continuing connected transaction (a Controlling Shareholder) Supply of electricity to the Company in the premises on lease from TGL in relation to daily operation of the Company’s office as well as the manufacturing and processing of certain goods Ye s (being a continuing connected transaction on buying of consumer services fully exempt from the reporting, annual review, announcement, circular and the independent Shareholders’ approval requirements pursuant to Rule 14A.97 of the Listing Rules) TGL 提供公用事業 TGL供電協議 持續關連交易 （為一控股 股東） 向本公司自 TGL租用的物業提 供電力 ， 以應本公司辦公室日 常營運和製造及加工若干貨 品之需 是 （為購買消費服務的持續關連交易 ， 根 據上市規則第 14A.97條獲完全豁免遵 守申報 、 年度審閱 、 公告 、 通函及獨立 股東批准規定）
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65 Annual Report 2024 年報 Directors’ Report 董事會報告 Whether or not constituting connected T ype of Agreement for transaction or continuing Whether or not in compliance with connected the connected connected transaction Details of the connected the disclosure requirements under Connected party transaction transactions (connected relationship) transaction Chapter 14A of the Listing Rules 關連交易 是否構成關連交易或持續 是否已符合上市規則第 14A章 關連方 類型 關連交易協議 關連交易 （關連關係） 關連交易詳請 的披露規定 Tianjie General Machinery Provision of services Processing Services Agreement Continuing connected transaction (a subsidiary of a Controlling Shareholder) Provision of services of processing mechanical parts and semi-finished products of environment protection equipment to the Company Ye s (exempt from the circular and the independent Shareholders’ approval requirements but subject to the reporting, annual review and announcement requirements pursuant to Rule 14A.76 (2) of the Listing Rules) 天潔通用機械 提供服務 加工服務協議 持續關連交易 （為一控股股 東的附屬公司） 為本公司提供機械零部件及 環保設備半成品加工服務 是 （根據上市規則第 14A.76 (2)條獲豁免 遵守通函及獨立股東批准規定但須遵 守申報 、 年度審閱及公告規定） Tianyu Industry Lease 2023 third lease agreement Continuing connected transaction (a Controlling Shareholder) Lease of office premises to the Company N/A (fully exempt from shareholders’ approval, annual review and all disclosure requirements pursuant to Chapter 14A of the Listing Rules) 天宇實業 租賃 二零二三年第三份 租賃協議 持續關連交易 （為一控股股 東） 向本公司出租辦公物業 不適用 （根據上市規則第 14A章獲完全豁免股 東批准 、 年度審閱及所有披露規定） Tianyu Industry Lease 2024 first lease agreement Continuing connected transaction (a Controlling Shareholder) Lease of office premises to the Company N/A (fully exempt from shareholders’ approval, annual review and all disclosure requirements pursuant to Chapter 14A of the Listing Rules) 天宇實業 租賃 二零二四年第一份 租賃協議 持續關連交易 （為一控股股 東） 向本公司出租辦公物業 不適用 （根據上市規則第 14A章獲完全豁免股 東批准 、 年度審閱及所有披露規定） TGL Lease 2024 second lease agreement Continuing connected transaction (a Controlling Shareholder) Lease of certain plant and equipment to the Company Y es (exempted from the circular and the independent Shareholders’ approval requirements but subject to the reporting, annual review and announcement requirements pursuant to Rule 14A.76 (2) of the Listing Rules) TGL 租賃 二零二四年第二份 租賃協議 持續關連交易 （為一控股股 東） 向本公司出租若干廠房及設 備 是 （根據上市規則第 14A.76 (2)條獲豁免 遵守通函及獨立股東批准規定但須遵 守申報 、 年度審閱及公告規定） Tianjie New Materials Supply of materials Supply Agreement Continuing connected transaction (a subsidiary of a Controlling Shareholder) Provision of steel structural components of dust collectors to the Company Y es (exempt from the circular and the independent Shareholders’ approval requirements but subject to the reporting, annual review and announcement requirements pursuant to Rule 14A.76 (2) of the Listing Rules) 天潔新材料 供應材料 供應協議 持續關連交易 （為一控股股 東附屬公司） 向本公司提供除塵器鋼結構 部件 是 （根據上市規則第14A.76 (2)條豁免 通函及獨立股東批准規定但須遵守申 報 、 年度審閱及公告規定）
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66 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Directors’ Report 董事會報告 暫停辦理股份過戶登記 股份過戶登記手續將於二零二五年五月二十七 日 （星期二） 至二零二五年五月三十 （星期五） 止 期間 （包括首尾兩天） 暫停辦理 ， 以確認股東出席 本年度將召開的股東週年大會 （ 「二零二四年股 東週年大會 」 ） 的權利 。 所有欲出席二零二四年股 東週年大會的股東 ， 須將已填妥的 H股過戶表格 連同有關股票於二零二五年六月二十六日 （星期 一） 下午四時三十分前交回香港 H股股份過戶登 記處卓佳證券登記有限公司 （地址為香港夏慤道 16號遠東金融中心 17樓） 進行登記 。 主要客戶及供應商 於本年度 ， 本集團向其五大客戶及最大客戶作出 的銷售分別佔本集團總銷售的 63.21%及15.50% （二零二三年： 59.04%及19.12%）。 於本年度 ， 本集團向其五大供應商及最大供應商 作出的採購分別佔本集團總銷售成本的 24.27% 及8.04%（二零二三年： 32.00%及15.25%）。 Whether or not constituting connected T ype of Agreement for transaction or continuing Whether or not in compliance with connected the connected connected transaction Details of the connected the disclosure requirements under Connected party transaction transactions (connected relationship) transaction Chapter 14A of the Listing Rules 關連交易 是否構成關連交易或持續 是否已符合上市規則第 14A章 關連方 類型 關連交易協議 關連交易 （關連關係） 關連交易詳請 的披露規定 Tianyu Industry Lease 2024 third lease agreement Continuing connected transaction (a Controlling Shareholder) Lease of office premises to the Company N/A (fully exempt from shareholders’ approval, annual review and all disclosure requirements pursuant to Chapter 14A of the Listing Rules) 天宇實業 租賃 二零二四年第三份 租賃協議 持續關連交易 （為一控股股 東） 向本公司出租辦公物業 不適用 （根據上市規則第 14A 章獲完全豁免 股東批准 、 年度審閱及所有披露規定） Tianjie General Machinery Supply of materials Supply Agreement Continuing connected transaction (a subsidiary of a Controlling Shareholder) Provision of industrial parts, materials and equipment to the Company Y es (exempt from the circular and the independent Shareholders’ approval requirements but subject to the reporting, annual review and announcement requirements pursuant to Rule 14A.76 (2) of the Listing Rules) 天潔通用機械 供應材料 供應協議 持續關連交易 （為一控股股 東附屬公司） 向本公司提供工業零部件 、 材 料及設備 是 （根據上市規則第14A.76 (2)條豁免 通函及獨立股東批准規定但須遵守申 報 、 年度審閱及公告規定） CLOSURE OF REGISTER OF MEMBERS The registration of the transfer of Shares will be suspended from Tuesday, 27 May 2025 to Friday, 30 May 2025 (both days inclusive) in order to ascertain the Shareholders ’ entitlement to the attendance in the annual general meeting to be convened for the Y ear (“2024 AGM”). All Shareholders who wish to attend the 2024 AGM must deliver their properly completed H Shares transfer forms accompanied by the relevant share certificates to the Registrar of H Shares in Hong Kong, Tricor Investor Services Limited, 17/ F , Far East Finance Centre, 16 Harcourt Road, Hong Kong, no later than 4:30 p.m. on Monday, 26 May 2025, for registration. MAJOR CUSTOMERS AND SUPPLIERS For the Y ear, the Group’s sales to its five largest customers and its largest customer accounted for 63.21% and 15.50% (2023: 59.04% and 19.12%) of the Group ’s total sales, respectively. For the Y ear, the Group ’s purchases from its five largest suppliers and its largest supplier accounted for 24.27% and 8.04% (2023: 32.00% and 15.25%) of the Group ’s total cost of sales, respectively.
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67 Annual Report 2024 年報 Directors’ Report 董事會報告 於本年度 ， 概無董事 、 其緊密聯繫人或股東 （據 董事所知及所信 ， 擁有本公司已發行股本逾 5% ） 於本集團任何五大客戶及供應商中擁有任何權 益。 物業 、 廠房及設備以及在建工程 本年度物業 、 廠房及設備以及在建工程變動的詳 情載於財務報表附註 16。 股本 本集團於本年度股本變動的詳情載於財務報表 附註31。 儲備及可供分派儲備 本集團於本年度儲備變動的詳情載於本年報第 89頁綜合權益變動表 。 於二零二四年十二月三十一日 ， 本集團的可供分 派儲備按中國公司法條文計算 ， 約為人民幣 520 百萬元 。 銀行貸款 本集團於二零二四年十二月三十一日銀行貸款 的詳情載於財務報表附註 29。 收購本公司證券的權利 本公司或其任何控股公司或附屬公司或其任何 同系附屬公司於本年度任何時間概無訂立任何 安排 ， 致使本公司的董事 、 監事或高級行政人員 或彼等各自的聯繫人或緊密聯繫人 （相關定義見 上市規則） 擁有任何權利可認購本公司或其任何 相聯法團 （定義見香港法例第 571章證券及期貨 條 例 （「證券及期貨條例 」 ） ） 的證券或可透過收購 本公司或任何其他團體公司的股份或債券獲取 利 益。 During the Y ear, none of the Directors, their close associates nor the Shareholders (which, to the best knowledge and belief of the Directors, owned more than 5% of the Company’s issued capital) had any interest in any of the Group’s five largest customers and suppliers. PROPERTY, PLANT AND EQUIPMENT , AND CONSTRUCTION IN PROGRESS Details of movements in the property, plant and equipment and construction in progress during the Y ear are set out in notes 16 to the Financial Statements. SHARE CAPITAL Details of movements in the share capital of the Group during the Y ear are set out in note 31 to the Financial Statements. RESERVES AND DISTRIBUTABLE RESERVES Details of movement in the reserves of the Group during the Y ear are set out in the consolidated statement of changes in equity on page 89 of this annual report. As at 31 December 2024, the Group ’s reserves available for distribution, calculated in accordance with the provisions of PRC Company Law （中國公司法） , amounted to approximately RMB520 million. BANK LOANS Details of bank loans of the Group as at 31 December 2024 are set out in note 29 to the Financial Statements. RIGHTS TO ACQUIRE THE COMPANY ’S SECURITIES At no time during the Y ear was the Company, or any of its holding companies or subsidiaries, or any of its fellow subsidiaries, a party to any arrangement to enable the Directors, Supervisors or chief executive of the Company or their respective associates or close associates (as respectively defined under the Listing Rules) to have any right to subscribe for securities of the Company or any of its associated corporations as defined in the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (“SFO”) or to acquire benefits by means of acquisition of Shares in, or debentures of, the Company or any other body corporate.
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68 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Directors’ Report 董事會報告 董事及監事 於本年度及直至本年報日期的在任董事及監事 如下： 執行董事 邊宇先生（副主席） 章袁遠先生 邊姝女士 非執行董事 余吉女士 祝賢波先生（主席） 陳建誠先生 獨立非執行董事 酈建楠先生 馮鉅基先生 汪峰先生 監事 徐佳娟女士（主席） 傅均先生 方治國先生 董事會 、 監事及高級管理層 各董事 、 監事及本公司高級管理層成員的履歷詳 情載於本年報上文 「董事 、 監事及高級管理層簡 歷 」一 節 。 DIRECTORS AND SUPERVISORS The Directors and the Supervisors being in office during the Y ear and up to the date of this annual report were as follows: Executive Directors Mr. Bian Yu (Vice-chairman) Mr. Zhang Yuanyuan Ms. Bian Shu Non-Executive Directors Ms. Yu Ji Mr. Zhu Xian Bo (Chairman) Mr. Chen Jiancheng Independent non-executive Directors Mr. Li Jiannan Mr. Fung Kui Kei Mr. Wang Feng Supervisors Ms. Xu Jiajuan (Chairman) Mr. Fu Jun Mr. Fang Zhiguo BOARD OF DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT Biographical details of each of the Directors, the Supervisors and senior management members of the Company are set out in the section headed “Biographies of Directors, Supervisors and Senior Management ” above in this annual report.
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69 Annual Report 2024 年報 Directors’ Report 董事會報告 獨立非執行董事的獨立性確認 本公司接獲各獨立非執行董事根據上市規則第 3.13條發出的年度獨立性確認書 ， 並認為 ， 根據 上市規則 ， 全體獨立非執行董事為獨立人士 。 董事及監事的服務合約及委任函 執行董事及非執行董事各自已於各自委任日期 與本公司訂立服務合約 。 該等服務合約及委任函主要包括 (a) 任期由彼等 各自的委任生效日期開始為期三年；及 (b) 可根 據各自條款予以終止 。 各位董事及監事已獲重新 委任 ， 任期由二零二二年五月三十日起為期三年 （或汪峰先生為新委任 ， 任期由二零二三年十 月十七日起直至二零二五年五月三十日 ； 及余吉 女士為新委任 ， 任期由二零二三年十二月二十九 日起直至二零二五年五月三十日） 。 誠如 《關於進一步促進境外上市公司規範運作和 深化改革的意見》 （國經貿改[1999]230號 ）規 定 ， 監事會成員中外部監事須超過一半 ， 其中 ， 傅均 先生及方治國先生為獨立監事 。 董事及監事概無與本公司或其附屬公司訂立任 何可於一年內在毋須支付賠償 （法定補償除外） 的情況下終止的服務合約 。 CONFIRMATION ON INDEPENDENCE OF INDEPENDENT NON-EXECUTIVE DIRECTORS The Company received from each of the independent non- executive Directors an annual confirmation on independence pursuant to Rule 3.13 of the Listing Rules, and the Company considers all independent non-executive Directors are independent pursuant to the Listing Rules. DIRECTORS ’ AND SUPERVISORS ’ SERVICE CONTRACTS AND LETTER OF APPOINTMENTS Each of the executive Directors and non-executive Directors entered into a service contract with the Company on the respective appointment date. The principal particulars of these service contracts and letters of appointment are (a) for a term of three years commencing from the respective effective dates of their appointment; and (b) subject to termination in accordance with their respective terms. Each Director and Supervisor had been re-appointed for a term of 3 years commencing from 30 May 2022 (or in the case of Mr. Wang Feng, newly appointed for a term commencing on 17 October 2023 and up to 30 May 2025; and in the case of Ms. Yu Ji, newly appointed for a term commencing on 29 December 2023 and up to 30 May 2025). As required under the Opinions on Further Promotion of Standardising Operations and Intensifying Reform of Overseas Listed Companies (Guojingmaogai No. [1999]230), external Supervisors comprise more than half of the Supervisory Committee, among whom Mr. Fu Jun and Mr. Fang Zhiguo are independent. None of the Directors and the Supervisors had entered into a service contract with the Company or its subsidiaries which is not determinable by the Company within one year without payment of compensation (other than statutory compensation).
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70 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Directors’ Report 董事會報告 董事及監事於重大合約 、 交易或安 排的權益 董事及監事或與董事及監事有關連的實體概無 於本公司或其任何附屬公司於本年度訂立或於 本年度結束時仍存續且對本集團業務屬重大的 任何合約 、 交易或安排中直接或間接擁有重大權 益。 除本報告所披露的關聯方╱關連╱持續關連交 易外 ， 於本年度末或於本年度任何時候 ， 本集團 成員公司與本公司的控股股東或其任何附屬公 司間概無訂立任何重大合約 （包括與提供服務相 關 者 ）。 管理合約 於本年度 ， 概無就本公司整體或任何重大部分業 務的管理及行政工作訂立任何合約 ， 亦不存在任 何有關合約 。 酬金政策 提名委員會與薪酬委員會已成立 ， 以 （其中包括） 檢討董事 、 監事 、 高級管理層及僱員的薪酬政策 及計劃 ， 並就此提供建議 ， 當中會考慮可比較公 司支付的薪金 、 董事的時間投入及責任 ， 以及本 集團的表現 。 本公司並無採納任何股份獎勵計劃或購股權計 劃。 DIRECTORS ’ AND SUPERVISORS ’ INTERESTS IN CONTRACT , TRANSACTION OR ARRANGEMENT OF SIGNIFICANCE None of the Directors and the Supervisors or an entity connected with the Directors and the Supervisors had a material interest, either directly or indirectly, in any contract, transaction or arrangement of significance to the business of the Group to which the Company or any of its subsidiaries was a party during or subsisted at the end of the Y ear. Save as the related party/connected/continuing connected transactions disclosed herein, no contracts of significance (including those in relation to provision of services) between members of the Group and the controlling shareholder of the Company or any of its subsidiaries subsisted at the end of the Y ear or at any time during the Y ear. MANAGEMENT CONTRACTS No contracts concerning the management and administration of the whole or any substantial part of the business of the Company were entered into or existed during the Y ear. EMOLUMENT POLICY The Nomination Committee and the Remuneration Committee were set up for, among others, reviewing and making recommendations on remuneration policy and scheme for Directors, Supervisors, senior management and employees, taking into account salaries paid by comparable companies, time commitment and responsibilities of the Directors and performance of the Group. The Company has not adopted any share award scheme or share option scheme.
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71 Annual Report 2024 年報 Directors’ Report 董事會報告 董事 、 監事及五名最高薪酬人士的 薪酬 董事 、 監事及五名最高薪酬人士的薪酬詳情載於 財務報表附註 13， 各相關人士獲支付或以其他方 式應收的花紅列為 「薪金及其他福利」 的一部分 。 於本年度 ， 概無任何相關人士獲支付或收取任何 金 額，作 為(i)加盟本公司或加盟本公司後的獎金 及(ii) 就辭任有關管理本集團任何成員公司事務 的職位所作出的離職補償 。 退休金計劃 本集團的退休金計劃詳情載於財務報表附註 13。 董事及監事的資料變動 除在本年報上文 「董事 、 監事及高級管理層簡歷」 一節中所披露者外 ， 本年度 ， 概無任何資料變動 須由董事及監事根據上市規則第 13.51(2)條(a)至 (e)及(g)段作出披露 。 REMUNERATION OF DIRECTORS, SUPERVISORS AND FIVE HIGHEST -PAID INDIVIDUALS Details of the remuneration of the Directors, the Supervisors and five highest-paid individuals are set out in notes 13 to the Financial Statements, under which the bonuses paid to or otherwise receivable by the relevant individuals form part of the item “Salaries and other benefits ”. During the Y ear, no amounts were paid to or received by any of the relevant individuals (i) as an inducement to join or upon joining the Company and (ii) as compensation for loss of any office in connection with the management of the affairs of any member of the Group. PENSION SCHEMES Particulars of the pension schemes of the Group are set out in note 13 to the Financial Statements. CHANGES TO INFORMATION IN RESPECT OF DIRECTORS AND SUPERVISORS Save as disclosed in the section headed “Biographies of Directors, Supervisors and Senior Management ” above in this annual report, there were no changes during the Y ear to any information required to be disclosed by the Directors and the Supervisors pursuant to paragraph (a) to (e) and (g) of Rule 13.51 (2) of the Listing Rules.
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72 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Directors’ Report 董事會報告 董事及高級行政人員於本公司的股份 、 相 關股份及債券的權益及╱或淡倉 於二零二四年十二月三十一日 ， 本公司各董事及 高級行政人員於本公司及其任何相聯法團 （定義 見證券及期貨條例 （香港法例第571章 ）（ 「證券及 期貨條例 」） 第XV部） 的股份 、 相關股份及債券中 擁有記錄於本公司根據證券及期貨條例第 352條 的規定存置的登記冊的權益及淡倉 ； 或須根據香 港聯合交易所有限公司 （ 「聯交所」 ） 證券上市規則 （「上市規則 」 ） 另行通知本公司及聯交所的權益 及淡倉如下： 1. 於二零二四年十二月三十一日就本公司內 資 股 （「內資股」 ） 持有的好倉： 附註： 1. 根據所披露的權益存檔資料 ， 本公司的該等 40,500,350股內資股均由 TGL實益擁有 ， 而TGL 則由邊宇先生擁有約 64.08%的權益及由諸暨 市科源企業管理有限公司 （ 「科源企業 」 ） 擁有約 35.92%的權益 。 根據證券及期貨條例第 XV部， 邊宇先生被視為於 TGL 所持的本公司權益中擁 有權益 。 2. 根據證券及期貨條例 ， 章袁遠先生 （邊姝女士的 配偶） 被視為於邊姝女士所持的本公司權益中擁 有權益 。 Directors’ and chief executive ’s interest and/or short position in the shares, underlying shares and debentures of the Company As at 31 December 2024, the interests and short positions of each of the directors and chief executive of the Company in the shares, underlying shares and debentures of the Company and any of its associated corporation (within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) ( “SFO”)), as recorded in the register required to be kept by the Company under section 352 of the SFO, or as otherwise notified to the Company and The Stock Exchange of Hong Kong Limited (“Stock Exchange ”) pursuant to the Rules Governing the Listing of Securities on the Stock Exchange ( “Listing Rules”) were as follows: 1 . Long position in respect of domestic shares of the Company ( “Domestic Shares ”) as at 31 December 2024: Name of Director/Chief executive Capacity/ Nature of interest Number of Domestic Shares Approximate % of total issued Domestic Shares Approximate % of Company’s share capital 董事╱高級行政人員姓名 身份╱權益性質 內資股數目 佔已發行 內資股總數之 概約百分比 (%) 佔本公司 股本之 概約百分比 (%) Mr. Bian Yu Beneficial owner 7 ,693,250 7 .69 5.70 邊宇先生 實益擁有人 Interest in a controlled corporation (Note 1) 40,500,350 40.5 30.00 受控制法團權益（附註1） Ms. Bian Shu Beneficial owner 2,739,750 2.7 4 2.03 邊姝女士 實益擁有人 Mr. Chen Jiancheng Beneficial owner 1,851,000 1 .85 1 .37 陳建誠先生 實益擁有人 Mr. Zhang Yuanyuan Family interest of spouse (Note 2) 2,739,750 2.7 4 2.03 章袁遠先生 配偶的家族權益（附註2） Notes: 1 . According to the disclosure of interest filings, these 40,500,350 Domestic Shares in the Company are beneficially owned by TGL which is in turn approximately 64.08% owned by Mr. Bian Yu and approximately 35.92% by 諸暨市科源企 業管理有限公司 ( “Keyuan Enterprise”). Pursuant to Part XV of the SFO, Mr. Bian Yu is deemed to be interested in TGL ’s interest in the Company. 2. Mr. Zhang Yuanyuan, the spouse of Ms. Bian Shu, is deemed to be interested in Ms. Bian Shu ’s interest in the Company by virtue of the SFO.
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73 Annual Report 2024 年報 Directors’ Report 董事會報告 主要股東於本公司的股份及相關股份的 權益及╱或淡倉 根據證券及期貨條例第 XV部第336條規定存置的 主要股東 （並非本公司董事或高級行政人員） 名 冊所記錄 ， 於二零二四年十二月三十一日 ， 本公 司獲知下列主要股東的權益及淡倉 。 此等權益並 不包括以上披露的本公司董事及高級行政人員 的權益 。 1. 於二零二四年十二月三十一日就內資股持 有的好倉： 附註： 1 . TGL 於本公司的約 30.00%權益中擁有直接權 益。 2. 本公司的該等 40,500,350股內資股均由 TGL 實 益 擁 有，而TGL 則由科源企業擁有約 35.92%的 權益 。 根據證券及期貨條例第 XV 部 ， 科源企業 被視為於 TGL所持的本公司權益中擁有權益 。 Substantial shareholders’ interests and/or short position in the shares and underlying shares of the Company According to the register of substantial shareholders (not being a director or chief executive of the Company) required to be kept under section 336 of Part XV of the SFO shows that as at 31 December 2024, the Company had been notified of the following substantial shareholders ’ interests and short positions. These interests are in addition to those disclosed above in respect of the directors and chief executive of the Company. 1 . Long position in respect of Domestic Shares as at 31 December 2024: Name Capacity/ Nature of interest Number of Domestic Shares Approximate % of total issued Domestic Shares Approximate % of Company’s share capital 名稱╱姓名 身份╱權益性質 內資股數目 佔已發行 內資股總數之 概約百分比 (%) 佔本公司 股本之 概約百分比 (%) Changshan County Changtou Holdings Co., Ltd.* （常山縣常投控股 有限公司）(formerly known as 常山縣國熙股權投資 有限公司 (for transliteration purpose only, Changshan County Guoxi Equity Investment Co., Ltd.)) Beneficial owner 39,150,000 39.15 29.00 常山縣常投控股有限公司 （前稱常山縣國熙股權 投資有限公司） 實益擁有人 TGL (Note 1) Beneficial owner 40,500,350 40.50 30.00 TGL（附註1） 實益擁有人 Keyuan Enterprise (Note 2) Interest in a controlled corporation 40,500,350 40.50 30.00 科源企業（附註2） 受控法團權益 Notes: 1 . TGL is directly interested in approximately 30.00% in the Company. 2. These 40,500,350 Domestic Shares in the Company are beneficially owned by TGL which is in turn approximately 35.92% owned by Keyuan Enterprise. By virtue of the SFO, Keyuan Enterprise is deemed to be interested in TGL ’s interest in the Company.
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74 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Directors’ Report 董事會報告 2. 於二零二四年十二月三十一日就本公司 H股 （「H股」 ） 持有的好倉： 附註： 1. 趙開源先生為 Hong Kong Joint Financial Investment Ltd 控股股東 ， 根據證券及期貨 條例 ， 趙開源先生被視為於 Hong Kong Joint Financial Investment Ltd所持的本公司權益中擁 有權益 。 購買 、 出售或贖回上市證券 由本公司股份於聯交所上市日期至二零二四年 十二月三十一日 ， 本公司及其任何附屬公司概無 購買 、 出售或贖回本公司任何上市證券 。 2. Long position in respect of H Shares of the Company (“H Shares”) as at 31 December 2024: Name Capacity/ Nature of interest Number of H Shares Approximate % of total issued H Shares Approximate % of Company’s share capital 名稱╱姓名 身份╱權益性質 H股數目 佔已發行 H股總數的 概約百分比 (%) 佔本公司 股本的 概約百分比 (%) Shou Erjun Beneficial owner 6,000,000 1 7. 1 4 4.44 壽爾均 實益擁有人 Hong Kong Joint Financial Investment Ltd Beneficial owner 5,504,400 15.73 4.08 Hong Kong Joint Financial Investment Ltd 實益擁有人 Zhao Kaiyuan (Note 1) Interest in a controlled corporation 5,504,400 15.73 4.08 趙開源（附註1） 受控制法團權益 Notes: 1 . Mr. Zhao Kaiyuan, the controlling shareholder of Hong Kong Joint Financial Investment Ltd, is deemed to be interested in Hong Kong Joint Financial Investment Ltd ’s interests in the Company by virtue of the SFO. Purchase, sale or redemption of listed securities From the date of listing of the shares of the Company on the Stock Exchange up to 31 December 2024, neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company ’s listed securities.
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75 Annual Report 2024 年報 Directors’ Report 董事會報告 優先購買權 組織章程細則或中國公司法概無有關優先購買 權的條文 ， 規定本公司必須按現有股東的持股比 例向現有股東發售新股份 。 審核委員會 本集團審核委員會已審閱本集團所採納的會計 原則及慣例 ， 並與管理層討論內部監控及財務報 告事宜 。 審核委員會亦已審閱及確認本集團本年 度的未經審核綜合財務報表 ， 有關財務資料按香 港財務報告準則編製 。 報告期後事項 自年底至本報告日期 ， 概無發生影響本公司及任 何其附屬公司的重大事件 （於本公司一般及日常 業務過程中者除外） 。 主要客戶及供應商 有關主要客戶及供應商於截至二零二四年十二 月三十一日止年度分別應佔本集團銷售及採購 的資料如下： PRE-EMPTIVE RIGHTS There are no provisions for pre-emptive rights under the Articles of Association or the PRC Company Law, which would oblige the Company to offer new Shares on a pro rata basis to the existing Shareholders. Audit Committee The Group’s Audit Committee has reviewed the accounting principles and practices adopted by the Group, and discussed with the management the internal control and financial reporting matters. The Audit Committee also reviewed and confirmed the unaudited consolidated financial statements of the Group for the Y ear. The relevant financial information are prepared under the Hong Kong Financial Reporting Standards. Events after the reporting period From the end of the Y ear to the date of this report, no important events (other than those in the ordinary and usual course of business of the Company) had been occurred in a way of affecting the Company and any of its subsidiaries. Major customers and suppliers The information in respect of the Group ’s sales and purchases attributable to the major customers and suppliers respectively during the year ended 31 December 2024 is as follows: Percentage of the Group’s total revenue 佔本集團總收益百分比 2024 2023 二零二四年 二零二三年 The largest customer 最大客戶 15.50% 19.12% Five largest customers in aggregate 五大客戶合共 63.21% 59.04% Percentage of the Group’s total purchase 佔本集團總採購百分比 2024 2023 二零二四年 二零二三年 The largest supplier 最大供應商 8.04% 15.25% Five largest suppliers in aggregate 五大供應商合共 24.27% 32.00%
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76 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Directors’ Report 董事會報告 就董事所知 ， 董事 、 其緊密聯繫人或任何股東 （就董事所知擁有本公司已發行股份總數逾 5% ） 年內並無於該等主要客戶及供應商中擁有 任何權益 。 可供分派儲備 於二零二四年十二月三十一日 ， 本公司擁有以下 可供分派儲備 ， 乃按中國公司法的條文計算： 人民幣520百萬元 公眾持股量水平 於刊發本年報前的最後實際可行日期 ， 根據本公 司公開可得的資料及據董事所知 ， 本公司已按上 市規則要求維持公眾持股量水平 。 競爭權益 於本年度 ， 董事或本公司控股股東及彼等各自的 緊密聯繫人 （定義見上市規則） 概無於與本集團 業務競爭或可能競爭的業務中擁有任何權益 ， 或 與本集團有任何其他利益衝突 。 遵守不競爭承諾 控股股東邊先生 、 章袁遠先生及邊姝女士各自已 向本公司確認 ， 其已遵守其於二零一四年十月 二十日向本公司出具的不競爭承諾 。 獨立非執行 董事已檢討不競爭承諾的遵守及執行情況 ， 並確 認於本年度已遵守所有承諾 。 So far as the Directors are aware, the Directors, their close associates or any Shareholder (which to the knowledge of the Directors own more than 5% of the Company ’s total number of issued shares) do not have any interest in these major customers and suppliers during the year. Distributable reserves As at 31 December 2024, the Company had the following reserves available for distribution, calculated in accordance with the provisions of the PRC Company Law: RMB520 million Sufficiency of public float Based on information that is publicly available to the Company and within the knowledge of the Directors, as at the latest practicable date prior to the issue of this annual report, the Company maintained a sufficient public float as required under the Listing Rules. COMPETING INTERESTS None of the Directors or controlling shareholders of the Company and their respective close associates (as defined in the Listing Rules) has any interest in a business which competed or might compete with the business of the Group or has any other conflict of interest with the Group during the Y ear. COMPLIANCE WITH NON-COMPETE UNDERTAKING Each of Mr. Bian, Mr. Zhang Yuanyuan and Ms. Bian Shu (the Controlling Shareholders) has confirmed to the Company that he/she has complied with the non-compete undertaking given by them to the Company on 20 October 2014. The independent non-executive Directors have reviewed the status of compliance and enforcement of the non-compete undertaking and confirmed that all the undertakings thereunder have been complied with for the Y ear.
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77 Annual Report 2024 年報 Directors’ Report 董事會報告 遵守企業管治守則 於本年度 ， 本公司已遵守企業管治守則載列於本 年度有效的全部守則條文 。 上市證券持有人稅項減免及豁免 本公司並不知悉股東因持有本公司證券而獲得 任何稅項減免或豁免 。 重大法律訢訟 於本年度 ， 本公司並無牽涉任何重大訴訟或仲 裁 ， 而據董事所知 ， 本公司亦無任何待決或面臨 威脅的重大訴訟或申索 。 核數師 財務報表已由中匯安達會計師事務所有限公司 審計 ， 其將退任並符合資格及願意接受續聘 。 在 二零二四年股東週年大會上將提呈續聘中匯安 達會計師事務所有限公司為本集團核數師的一 項決議案 。 承董事會命 主席 祝賢波 中國浙江省諸暨市 ， 二零二五年三月二十八日 COMPLIANCE WITH THE CORPORATE GOVERNANCE CODE For the Y ear, the Company complied with all code provisions in force during the Y ear as set out in the CG Code. TAX RELIEF AND EXEMPTION OF HOLDERS OF LISTED SECURITIES The Company is not aware of any tax relief or exemption available to the Shareholders by reason of their holding of the Company’s securities. SIGNIFICANT LEGAL PROCEEDINGS For the Y ear, the Company was not engaged in any litigation or arbitration of material importance and no litigation or claim of material importance is known to the Directors to be pending or threatened against the Company. AUDITOR The Financial Statements have been audited by Zhonghui Anda CPA Limited, who shall retire and, being eligible, offer themselves for re-appointment. A resolution for the re- appointment of Zhonghui Anda CPA Limited as auditor of the Group is to be proposed at the 2024 AGM. By order of the Board ZHU Xian Bo Chairman Zhuji City, Zhejiang Province, the PRC, 28 March 2025
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78 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Supervisory Committee Report 監事會報告 In 2024, the current session of the Supervisory Committee was established in accordance with the PRC Company Law and resolutions of 2021 AGM. The current session of the Supervisory Committee comprises three Supervisors, namely Ms. Xu Jiajuan, Mr. Fu Jun and Mr. Fang Zhiguo. In the Y ear, for the Company ’s long term interests and Shareholders ’ interests, the Supervisory Committee acted in strict compliance with relevant laws, regulations, rules, regulatory documents, the Articles of Association and Listing Rules and earnestly performed their duties of supervision as to the acts of the Directors and senior management of the Company. The main area of work of the Supervisory Committee in 2024 is summarised as follows: I. MEETING CONDUCTED BY THE SUPERVISORY COMMITTEE The Supervisory Committee convened two meetings in the Y ear. I I . WORK OF THE SUPERVISORY COMMITTEE The work of the first session of the Supervisory Committee mainly comprised the followings: 1. Inspection over implementation of resolutions of the general meetings The Supervisory Committee exercised supervision over and inspection of the implementation of the resolutions in general meetings by the Board and the senior management through observation and attendance at the Board meetings and general meetings. The Supervisory Committee is of the opinion that the Directors and senior management of the Company have diligently performed their duties in compliance with resolutions of the general meetings. No violation of any laws or regulations or Articles of Association or any act which jeopardises the interests of the Company or Shareholders has been found in the performance of the Company ’s Directors and senior management. 於二零二四年 ， 現屆監事會根據中國公司法及二 零二一年股東週年大會決議案成立 。 現屆監事會 由三名監事組成 ， 分別為徐佳娟女士 、 傅均先生 及方治國先生 。 本年度 ， 監事會嚴格遵照相關法律 、 法規 、 規 則 、 監管文件 、 組織章程細則及上市規則行事 ， 對董事及本公司高級管理層的行動認真履行監 督責任 ， 維護本公司的長遠利益及股東權益 。 監 事會於二零二四年的主要工作範疇概述如下： I. 監事會舉行的會議 本年度 ， 監事會召開了二次會議 。 II. 監事會工作 首屆監事會的工作主要包括以下內容： 1. 檢查股東大會決議案執行情況 監事會透過觀察及列席董事會會議 及股東大會 ， 對董事會及高級管理層 執行股東大會決議案的情況進行監 督檢查 。 監事會認為 ， 董事及本公司 高級管理層能夠按照股東大會的決 議案勤勉履行職責 。 本公司董事及高 級管理層的表現中未發現違法 、 違 規 、 違反組織章程細則及損害本公司 或股東利益的行為 。
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79 Annual Report 2024 年報 Supervisory Committee Report 監事會報告 2. 檢查本集團依法經營情況 監事會在日常工作中 ， 定期對本集團 經營及管理的合法性 、 合規性進行監 督 ， 亦對董事會及高級管理層的工作 表現進行了監督 。 監事會認為 ， 本集 團經營正常且規範 ， 並遵守所有適用 法律 、 法規 、 規則和組織章程細則 。 董事會成員和本集團高級管理層盡 職勤勉 ， 忠於職守 ， 未有損害本集團 或股東利益的行為 。 3. 檢查本集團日常經營活動情況 監事會對本集團經營活動進行監督 。 監事會認為本集團已經建立完善的 內部監控制度 ， 在內部工作流程的制 定和執行上取得很大的進步 ， 有效地 控制了各項經營風險 。 本集團的經營 遵守中國的法律 、 法規及組織章程細 則。 2. Inspection over legal compliance of the Group’s operations The Supervisory Committee exercised supervision on a regular basis over the legal compliance and rationality of the Group ’ s operation and management in its ordinary work. It has also exercised supervision over work performance of the Board and senior management. The Supervisory Committee is of the opinion that the Group ’s operation is sound and rational, and is in compliance with all applicable laws, regulations and rules and the Articles of Association. The members of the Board and senior management of the Group have conscientiously and diligently performed their duties, and none of their act would prejudice the interests of the Group or the Shareholders. 3. Inspection over the Group ’s daily operating activities The Supervisory Committee exercised supervision over the Group ’s operating activities. The Supervisory Committee is of the opinion that the Group has maintained a sound internal control system and made a great progress in the formulation and implementation of its internal work procedures, thus effectively controlled its exposure to various operating risks. The Group ’s operation is in compliance with the PRC laws and regulations and the Articles of Association.
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80 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Supervisory Committee Report 監事會報告 4. 檢查本集團的財務狀況 監事會已審閱財務報表 ， 監督及檢查 本集團貫徹執行相關財務政策及法 規情況以及本集團資產及財務收支 的詳細情況 。 監事會認為 ， 財務報表 能公平反映本集團的財務狀況及經 營業績 。 展望未來 ， 監事會將繼續嚴格按照組 織章程細則和相關法律及法規 ， 履行 其職務 ， 維護股東的權益 。 徐佳娟 監事會主席 中國浙江省諸暨市 ， 二零二五年三月 二十八日 4. Inspection over the Group ’s financial condition The Supervisory Committee reviewed the Financial Statements, supervised and inspected the Group ’s implementation of relevant financial policies and legislations as well as details on the Group ’s assets, financial income and expenditure. The Supervisory Committee is of the opinion that the Financial Statements fairly reflected the Group ’s financial position and operating results. Looking forward, the Supervisory Committee will continue to carry out its duties in strict compliance with the Articles of Association and the relevant laws and regulations and protect the interests of the Shareholders. Xu Jiajuan Chairman of the Supervisory Committee Zhuji City, Zhejiang Province, the PRC, 28 March 2025
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81 Annual Report 2024 年報 Independent Auditor ’s Report 獨立核數師報告 TO THE SHAREHOLDERS OF ZHEJIANG TENGY ENVIRONMENTAL TECHNOLOGY CO., LTD 浙江天潔環境科技股份有限公司 (A joint stock company incorporated in the People ’s Republic of China with limited liability) OPINION We have audited the consolidated financial statements of Zhejiang Tengy Environmental Technology Co., Ltd (the “Company”) and its subsidiaries (collectively referred to as the “Group”) set out on pages 86 to 155, which comprise the consolidated statement of financial position as at 31 December 2024, and the consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, and notes to the consolidated financial statements, including material accounting policies information. In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial position of the Group as at 31 December 2024, and of its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with Hong Kong Financial Reporting Standards ( “HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (the “HKICPA”) and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance. BASIS FOR OPINION We conducted our audit in accordance with Hong Kong Standards on Auditing ( “HKSAs”) issued by the HKICPA. Our responsibilities under those standards are further described in the Auditor ’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the HKICPA’s Code of Ethics for Professional Accountants (the “Code”), and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 致浙江天潔環境科技股份有限公司股東 （於中華人民共和國註冊成立之股份有限公司） 意見 吾等已審計載列於第 86頁至第155頁浙江天潔環 境科技股份有限公司 （ 「貴公司」 ） 及其附屬公司 （統稱 「貴集團」 ） 的綜合財務報表 ， 綜合財務報 表包括於 二零二四 年十二月三十一日的綜合財 務狀況表與截至該日止年度的綜合損益及其他 全面收益表 、 綜合權益變動表及綜合現金流量 表 ， 以及綜合財務報表附註 ， 包括主要會計政策 資 料。 吾等認為 ， 綜合財務報表根據香港會計師公會 （ 「香港會計師公會」 ） 頒佈的香港財務報告準則 （ 「香港財務報告準則」 ） 真實而公平反映 貴集 團於 二零二四 年十二月三十一日的綜合財務狀 況及其截至該日止年度的綜合財務表現及綜合 現金流量 ， 並已遵照香港公司條例的披露規定妥 為編製 。 意見基礎 吾等已根據香港會計師公會頒佈的香港審計準則 （ 「香港審計準則」 ） 進行審計 。 吾等在該等準則 下承擔的責任已於本報告核數師就審計綜合財 務報表須承擔的責任一節作進一步闡述 。 根據香 港會計師公會的專業會計師道德守則 （ 「守則」 ） ， 吾等獨立於 貴集團 ， 並已根據守則履行其他道 德責任 。 吾等相信 ， 吾等所獲得的審計憑證能充 足及適當地為吾等的意見提供基礎 。
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82 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Independent Auditor ’s Report 獨立核數師報告 關鍵審計事項 關鍵審計事項為根據吾等的專業判斷 ， 吾等認 為對本期間綜合財務報表的審計最為重要的事 項 。 此等事項在吾等審計整體綜合財務報表及就 此發表意見時處理 ， 而吾等不會就此等事項提供 單獨的意見 。 (i) 存貨 請參閱綜合財務報表附註 22 貴集團對存貨數量進行減值測試 。 該減值 測試對吾等的審計具有重大意義 ， 原因是 於二零二四 年十二月三十一日的存貨餘額 為人民幣 366,776,000元 ， 屬綜合財務報表 的重大事項 。 此外 ， 貴集團的減值測試涉 及應用判斷且以估計為依據 。 吾等的審計程序包括 （其中包括） ： － 評估 貴集團訂購及持有存貨的程 序； － 評估 貴集團的減值評估； － 評估存貨的可銷售性； － 評估存貨的預算成本； － 評估存貨的賬齡； － 評估存貨的可變現淨值；及 － 檢查存貨的後續銷售及使用情況 。 吾等認為 貴集團的存貨減值測試得到現 有證據的支持 。 KEY AUDIT MATTERS Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. (i) Inventories Refer to Note 22 to the consolidated financial statements The Group tested the amount of inventories for impairment. This impairment test is significant to our audit because the balance of inventories of RMB366,776,000 as at 31 December 2024 is material to the consolidated financial statements. In addition, the Group ’s impairment test involves application of judgement and is based on estimates. Our audit procedures included, among others: – Assessing the Group ’s procedures on ordering and holding of inventories; – Evaluating the Group ’s impairment assessment; – Assessing the marketability of the inventories; – Assessing the budget cost of inventories; – Assessing the ageing of the inventories; – Assessing the net realisable values of the inventories; and – Checking subsequent sales and usage of the inventories. We consider that the Group ’s impairment test for inventories is supported by the available evidence.
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83 Annual Report 2024 年報 Independent Auditor ’s Report 獨立核數師報告 (ii) 貿易應收款項及應收票據 請參閱綜合財務報表附註 23 貴集團對貿易應收款項及應收票據進行 減值測試 。 該減值測試對吾等的審計具有 重大意義 ， 原因是於 二零二四 年十二月 三十一日的貿易應收款項及應收票據餘額 為人民幣 586,576,000元 ， 屬綜合財務報表 的重大事項 。 此外 ， 貴集團的減值測試涉 及應用判斷且以估計為依據 。 吾等的審計程序包括 （其中包括） ： － 評估 貴集團向客戶授出信貸限額及 信貸期的程序； － 評估 貴集團與客戶的關係及交易歷 史； － 評估 貴集團的減值評估； － 評估債項的賬齡； － 評估客戶的信用； － 核對來自客戶的後續結算； － 評估於綜合財務報表披露的 貴集團 所承受的信貸風險； 吾等認為 ， 貴集團對貿易應收款項及應 收票據的減值測試得到現有證據的支持 。 (ii) T rade and bills receivables Refer to Note 23 to the consolidated financial statements The Group tested the amount of trade and bills receivables for impairment. This impairment test is significant to our audit because the balance of trade and bills receivables of RMB586,576,000 as at 31 December 2024 is material to the consolidated financial statements. In addition, the Group ’s impairment test involves application of judgement and is based on estimates. Our audit procedures included, among others: – Assessing the Group ’s procedures on granting credit limits and credit periods to customers; – Assessing the Group ’s relationship and transaction history with the customers; – Evaluating the Group ’s impairment assessment; – Assessing ageing of the debts; – Assessing creditworthiness of the customers; – Checking subsequent settlements from the customers; – Assessing the disclosure of the Group ’s exposure to credit risk in the consolidated financial statements; We consider that the Group ’s impairment test for trade and bills receivables is supported by the available evidence.
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84 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Independent Auditor ’s Report 獨立核數師報告 其他資料 貴公司董事 （ 「董事」 ） 須對其他資料負責 。 其他資 料包括 貴公司年報內的所有資料 ， 但不包括綜 合財務報表及吾等的核數師報告 。 其他資料預期 於本核數師報告日期後提供予吾等 。 吾等對綜合財務報表的意見並不涵蓋其他資 料 ， 吾等亦不會就此發表任何形式的鑒證結論 。 就吾等審計綜合財務報表而言 ， 吾等的責任為在 取得上文所識別的其他資料時閱讀其他資料 ， 並 在此過程中 ， 考慮其他資料是否與綜合財務報表 或吾等在審計過程中所了解的情況存在重大抵 觸或似乎存在重大錯誤陳述的情況 。 董事就綜合財務報表須承擔的責任 董事須負責根據香港會計師公會頒佈的香港財 務報告準則及香港公司條例的披露規定編製真 實且公平的綜合財務報表 ， 及實施董事認為必要 的該等內部控制 ， 以使所編製的綜合財務報表不 存在任何由於欺詐或錯誤而導致的重大錯誤陳 述。 在擬備綜合財務報表時 ， 董事負責評估 貴集團 持續經營的能力 ， 並在適用情況下披露與持續經 營有關的事項 ， 以及使用持續經營為會計基礎 ， 除非董事有意將 貴集團清盤或停止經營 ， 或別 無其他實際的替代方案 。 OTHER INFORMATION The directors of the Company (the “Directors ”) are responsible for the other information. The other information comprises all the information in the Company ’s annual report, but does not include the consolidated financial statements and our auditor ’s report thereon. The other information is expected to be made available to us after the date of this auditor ’s report. Our opinion on the consolidated financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. RESPONSIBILITIES OF DIRECTORS FOR THE CONSOLIDATED FINANCIAL STATEMENTS The Directors are responsible for the preparation of the consolidated financial statements that give a true and fair view in accordance with HKFRSs issued by the HKICPA and the disclosure requirements of the Hong Kong Companies Ordinance, and for such internal control as the Directors determine is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, the Directors are responsible for assessing the Group ’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so.
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85 Annual Report 2024 年報 Independent Auditor ’s Report 獨立核數師報告 核數師就審計綜合財務報表須承擔 的責任 吾等的目標是對綜合財務報表整體是否不存在 由於欺詐或錯誤而導致的重大錯誤陳述取得合 理保證 ， 並出具包括吾等意見的核數師報告 。 吾 等僅向 閣下 （作為整體） 報告 ， 除此之外本報告 別無其他目的 。 吾等不會就本報告的內容向任何 其他人士負上或承擔任何責任 。 合理保證是高水 平的保證 ， 但不能保證按照香港審計準則進行的 審計 ， 在某一重大錯誤陳述存在時總能發現 。 錯 誤陳述可以由欺詐或錯誤引起 ， 倘合理預期它們 單獨或匯總起來可能影響使用者依賴該等綜合 財務報表所作出的經濟決定 ， 則有關錯誤陳述可 被視作重大 。 有關吾等就審計綜合財務報表承擔的責任的進 一步描述載於香港會計師公會網站： https://www.hkicpa.org.hk/en/Standards-setting/ Standards/Our-views/auditre 該描述為吾等核數師報告的組成部分 。 中匯安達會計師事務所有限公司 執業會計師 施連燈 審計項目董事 執業證書號碼 P03614 香 港，二零二� 年三月二十八日 AUDITOR ’S RESPONSIBILITIES FOR THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor ’s report that includes our opinion. We report our opinion solely to you, as a body, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with HKSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements. A further description of our responsibilities for the audit of the consolidated financial statements is located at the HKICPA’s website at: https://www.hkicpa.org.hk/en/Standards-setting/Standards/ Our-views/auditre This description forms part of our auditor ’s report. ZHONGHUI ANDA CPA Limited Certified Public Accountants Sze Lin T ang Audit Engagement Director Practising Certificate Number P03614 Hong Kong, 28 March 2025
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86 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及其他全面收益表 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 2024 2023 二零二四年 二零二三年 Notes RMB’000 RMB’000 附註 人民幣千元 人民幣千元 Revenue �� 7 744,942 620,134 Cost of sales ��成� (526,767) (479,315) Gross profit 毛利 218,175 140,819 Other income 其��入 8 18,227 21,006 Distribution and selling expenses �����開� (17 ,882) (22,149) Administrative expenses 行政開� (86,167) (53,349) Other expenses 其�開� (5,652) (4,499) Profit from operations ���利 126,701 81,828 Finance costs ��成� 10 (8,962) (9,892) Share of losses of associates �佔聯��司�損 19 (9,846) (10,885) Profit before tax ���利 107 ,893 61,051 Income tax expenses �得�開� 11 (23,256) (18,344) Profit and total comprehensive income for the year attributable to owners of the Company ��司����佔年內� 利��面�入�� 12 84,637 42,707 Earnings per share ���利 15 Basic and diluted (RMB per share) 基���� （�����） 0.63 0.32
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87 Annual Report 2024 年報 Consolidated Statement of Financial Position 綜合財務狀況表 31 December 2024 二零二四年十二月三十一日 2024 2023 二零二四年 二零二三年 Notes RMB’000 RMB’000 附註 人民幣千元 人民幣千元 Non-current assets �流動�� Property, plant and equipment 物�� ����� 16 57 ,495 63,772 Right-of-use assets 使用��� 17 15,063 15,378 Intangible assets �形�� 18 – 294 Deferred tax assets ���項�� 30 59,008 50,066 Investment properties ��物� 20 35,175 35,837 Investment in associates �聯��司的�� 19 108,361 118,207 275,102 283,554 Current assets 流動�� Inventories �� 22 366,776 37 4,862 Trade and bills receivables �易���項����� 23 586,576 559,998 Contract assets �同�� 24 69,698 40,886 Prepayments, deposits and other receivables 預付�項� �金� 其����項 25 66,761 78,966 Investments at fair value through profit or loss ��平值�入損�的 �� 21 – 5,448 Pledged deposits �押�� 26 20,000 – Bank and cash balances �行�現金�� 26 660,123 453,142 1,769,934 1,513,302 Current liabilities 流動負債 Trade and bills payables �易�付�項��付�� 27 203,193 195,040 Contract liabilities �同負債 24 683,591 542,933 Other payables and accruals 其��付�項����用 28 88,325 78,684 Bank loans �行貸� 29 85,000 89,502 Tax payable �付�項 30,112 20,519 1,090,221 926,678 Net current assets 流動���值 679,713 586,624 T otal assets less current liabilities ���值減流動負債 954,815 870,178 NET ASSETS ���值 954,815 870,178
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88 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Consolidated Statement of Financial Position 綜合財務狀況表 31 December 2024 二零二四年十二月三十一日 第86頁至第 155 頁所載的綜合財務報表已於 二 零二� 年三月二十八日獲董事會批准及授權刊 發 ， 並由下列董事代表簽署： 2024 2023 二零二四年 二零二三年 Notes RMB’000 RMB’000 附註 人民幣千元 人民幣千元 Capital and reserves ����� Share capital �� 31 135,000 135,000 Share premium ���價 239,064 239,064 Reserves �� 32 (a) 580,751 496,114 TOTAL EQUITY ���� 954,815 870,178 The consolidated financial statements on pages 86 to 155 were approved and authorised for issue by the board of directors on 28 March 2025 and are signed on its behalf by: Bian Yu Zhang Yuanyuan 邊宇 章袁遠
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89 Annual Report 2024 年報 Consolidated Statement of Changes in Equity 綜合權益變動表 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 Attributable to owners of the Company 本公司擁有人應佔 Share capital Share premium Statutory surplus reserve Safety production reserve Retained profits T otal 股本 股份溢價 法定盈餘儲備 安全生產儲備 保留溢利 總額 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 At 1 January 2023 於二零二三年一月一日 135,000 239,064 49,323 8,517 402,317 834,221 Total comprehensive income for the year 年內全面收入總額 – – – – 42,707 42,707 Appropriation to statutory surplus reserve 劃撥至法定盈餘儲備 – – 1,966 – (1,966) – Dividend paid 已付股息 – – – – (6,750) (6,750) Appropriation to safety production reserve 劃撥至安全生產儲備 – – – 261 (261) – At 31 December 2023 於二零二三年十二月三十一日 135,000 239,064 51,289 8,778 436,047 870,178 At 1 January 2024 於二零二四年一月一日 135,000 239,064 51,289 8,778 436,047 870,178 Total comprehensive income for the year 年內全面收入總額 – – – – 84,637 84,637 Appropriation to statutory surplus reserve 劃撥至法定盈餘儲備 – – 194 – (194) – Appropriation to safety production reserve 劃撥至安全生產儲備 – – – 237 (237) – At 31 December 2024 於二零二四年十二月三十一日 135,000 239,064 51,483 9,015 520,253 954,815
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90 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Consolidated Statement of Cash Flows 綜合現金流量表 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Cash flows from operating activities ��活動現金流量 Profit before tax ���利 107 ,893 61,051 Adjustments for: �以下各項��： Finance costs ��成� 8,962 9,892 Interest income 利��入 (1,840) (1,397) Foreign exchange difference, net ��差��� (216) (830) Depreciation on property, plant and equipment 物�� ������� 3,895 3,192 Amortisation of intangible assets �形���� 294 298 Depreciation on right-of-use assets 使用����� 315 170 Depreciation on investment properties ��物��� 1,171 331 (Gain)/loss on disposal of investments at fair value through profit or loss ����平值�入損�的 ��的 （��）╱虧損 (174) 324 Changes in investments at fair value through profit or loss ��平值�入損�的 ���動 – 342 Share of loss of associates �佔聯��司�損 9,846 10,885 Impairment loss on trade receivables �易���項減值�損 18,242 6,872 Loss/(gain) on disposal of property, plant and equipment ��物�� ����� �損╱（��） 3,223 (784) Reversal of impairment loss on bills receivables ����減值�損�回 (2,081) (911) Reversal of impairment loss on other receivables 其����項減值�損�回 (212) (388) Operating cash flows before working capital changes ���金�動�的 ��現金流量 149,318 89,047 Change in inventories ���動 8,086 (83,57 4) Change in trade and bills receivables �易���項� �����動 (42,739) 104,723 Change in prepayment, deposits and other receivables 預付�項� �金� 其����項�動 13,028 (18,284) Change in trade and bills payables �易�付�項� �付���動 8,153 (5,671) Change in contract assets �同���動 (28,812) 3,409 Change in contract liabilities �同負債�動 140,658 188,258 Change in other payables and accruals 其��付�項� ���用�動 9,641 832 Cash generated from operations ���務��生現金 257 ,333 278,7 40 Interest received 已�利� 1,840 1,397 Interest paid 已付利� (8,962) (9,892) Tax paid 已付�項 (22,605) (17 ,280) Net cash generated from operating activities ��活動��生 現金�� 227 ,606 252,965
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91 Annual Report 2024 年報 Consolidated Statement of Cash Flows 綜合現金流量表 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Cash flows from investing activities ��活動現金流量 Acquisition of an associate �購聯��司 – (6,421) Acquisition of right-of-use assets 取得使用��� – (14,528) Purchase of property, plant and equipment 購買物�� ����� (1,992) (40,648) Purchase of investment properties 購買��物� – (5,951) Proceeds from disposal of property, plant and equipment ��物�� ��� ���得�項 1,151 2,431 Change in pledged deposits 已�押���動 (20,000) 173 Net cash used in investing activities ��活動�用現金�� (20,841) (64,944) Cash flows from financing activities ��活動現金流量 New short-term bank loans raised ���期�行貸� 65,000 115,000 Repayment of bank loans 償��行貸� (65,000) (85,000) Dividend paid 已�付�� – (6,750) Net cash generated from financing activities ��活動��生現金�� – 23,250 Net increase in cash and cash equivalents 現金�現金�價物�加�� 206,765 211,271 Cash and cash equivalents at beginning of year 年�現金�現金�價物 453,142 241,041 Effect of foreign exchange rate changes, net �率�動���� 216 830 Cash and cash equivalents at end of year 年末現金�現金�價物 660,123 453,142 Analysis of cash and cash equivalents 現金�現金�價物�� Bank and cash balances �行�現金�� 660,123 453,142
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92 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 1. 一般資料 浙江天潔環境科技股份有限公司 （ 「本公 司」 ） 為一間在中華人民共和國 （ 「中國」 ） 註 冊成立的股份有限公司 。 本公司註冊辦事 處位於中國浙江省諸暨市牌頭鎮天潔工業 園區 。 本公司的股份於香港聯合交易所有 限公司 （ 「聯交所」 ） 主板上市 。 本公司及其附屬公司 （統稱為 「本集團」 ） 主 要從事環保污染防治設備及電子產品的設 計 、 開發 、 製造 、 安裝及銷售 。 本公司附屬 公司的主要業務載於綜合財務報表附註 37。 本公司董事 （ 「董事」 ） 認為 ， 天潔集團有限 公司為控股公司 ， 該公司於中國註冊成立 。 2. 採納新訂及經修訂香港財務報 告準則 於本年度 ， 本集團已採納由香港會計師公 會 （ 「香港會計師公會」 ） 所頒佈所有與其營 運相關 ， 並於二零二四年一月一日開始的 會計年度生效的新訂及經修訂香港財務報 告準則 （ 「香港財務報告準則」 ） 。 香港財務 報告準則包括香港財務報告準則 （ 「香港財 務報告準則」 ） ；香港會計準則 （ 「香港會計 準則」 ） ； 及詮釋 。 採納該等新訂及經修訂香 港財務報告準則不會導致本集團的會計政 策 、 本集團財務報表的呈列及本年度與過 往年度的報告金額出現重大變動 。 本集團並無應用已頒佈但尚未生效之新訂 及經修訂香港財務報告準則 。 採納該等新 訂香港財務報告準則將不會對本集團的綜 合財務報表產生重大影響 。 1. GENERAL INFORMATION Zhejiang Tengy Environmental Technology Co., Ltd (the”Company ”) was incorporated in the People ’s Republic of China (the”PRC”) as a joint stock company with limited liability. The address of its registered office is Tengy Industrial Park, Paitou Town, Zhuji City, Zhejiang Province, PRC. The Company ’s shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). The Company and its subsidiaries (collectively the “Group ”) were principally engaged in design, development, manufacturing, installation and sale of environmental pollution prevention equipment and electronic products. The principal activities of the Company’s subsidiaries are set out in note 37 to the consolidated financial statements. In the opinion of the directors of the Company (the “Directors”), Tengy Group Limited, a company incorporated in the PRC, is the holding company. 2. ADOPTION OF NEW AND REVISED HONG KONG FINANCIAL REPORTING STANDARDS In the current year, the Group has adopted all the new and revised Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (the “HKICPA”) that are relevant to its operations and effective for its accounting year beginning on 1 January 2024. HKFRSs comprise Hong Kong Financial Reporting Standards ( “HKFRS ”); Hong Kong Accounting Standards (“HKAS”); and Interpretations. The adoption of these new and revised HKFRSs did not result in significant changes to the Group ’s accounting policies, presentation of the Group ’s financial statements and amounts reported for the current year and prior years. The Group has not applied the new and revised HKFRSs that have been issued but are not yet effective. The application of these new HKFRSs will not have material impact on the consolidated financial statements of the Group.
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93 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料 該等綜合財務報表乃按照香港會計師公會 頒佈的香港財務報告準則 、 聯交所證券上 市規則以及香港公司條例的適用披露規定 編 製。 該等綜合財務報表乃按歷史成本慣例編 製 ， 經按公平值計入損益的投資及按其公 平值╱公平值減去出售成本列賬的衍生工 具修訂 。 編製符合香港財務報告準則的綜合財務報 表須採用主要假設及估計 ， 亦要求管理層 於應用該等會計政策的過程中作出判斷 。 該等涉及關鍵判斷的範疇及假設及估計對 該等綜合財務報表而言屬重大的範疇 ， 在 綜合財務報表附註 4披 露。 於編製該等綜合財務報表時應用的主要會 計政策載列如下 。 綜合賬目 綜合財務報表包括本公司及其附屬公司 編製截至十二月三十一日止的財務報表 。 附屬公司指本集團擁有控制權的實體 。 當 本集團承受或享有參與實體所得的可變 回報 ， 且有能力透過其對實體的權力影響 該等回報時 ， 則本集團控制該實體 。 當本 集團的現有權力賦予其目前掌控有關業務 （即大幅影響實體回報的業務） 的能力時 ， 則本集團對該實體擁有權力 。 在評估控制權時 ， 本集團會考慮其潛在投 票權以及其他人士持有的潛在投票權 ， 以 釐定其是否擁有控制權 。 僅在持有人能實 際行使潛在投票權的情況下 ， 方會考慮其 權 利。 3. MATERIAL ACCOUNTING POLICY INFORMATION These consolidated financial statements have been prepared in accordance with HKFRSs, issued by the HKICPA and the applicable disclosures required by the Rules Governing the Listing of Securities on the Stock Exchange and by the Hong Kong Companies Ordinance. These consolidated financial statements have been prepared under the historical cost convention, as modified by the investments at fair value through profit or loss and derivative instruments which are carried at their fair values/fair values less costs to sell. The preparation of consolidated financial statements in conformity with HKFRSs requires the use of key assumptions and estimates. It also requires management to exercise its judgments in the process of applying the accounting policies. The areas involving critical judgments and areas where assumptions and estimates are significant to these consolidated financial statements are disclosed in note 4 to the consolidated financial statements. The material accounting policies applied in the preparation of these consolidated financial statements are set out below. Consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries made up to 31 December. Subsidiaries are entities over which the Group has control. The Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The Group has power over an entity when the Group has existing rights that give it the current ability to direct the relevant activities, i.e. activities that significantly affect the entity ’s returns. When assessing control, the Group considers its potential voting rights as well as potential voting rights held by other parties, to determine whether it has control. A potential voting right is considered only if the holder has the practical ability to exercise that right.
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94 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 綜合賬目（續） 附屬公司的賬目由其控制權轉至本集團當 日起綜合入賬 ， 直至控制權終止之日起不 再綜合入賬 。 出售附屬公司而導致失去控制權的利得或 虧損乃指 (i) 出售代價公平值連同於該附屬 公司任何保留投資公平值與 (ii) 本公司應佔 該附屬公司資產淨值連同與該附屬公司有 關的任何餘下商譽以及任何相關累計外幣 換算儲備兩者間差額 。 集團內公司間的交易 、 結餘及未變現溢利 予以對銷 。 除非交易提供已轉讓資產出現 減值的憑證 ， 未變現虧損亦予以對銷 。 附 屬公司的會計政策在必要時會作出更改 ， 以確保與本集團所採納的政策一致 。 外幣換算 (a) 功能及呈報貨幣 本集團各實體的財務報表內項目均 以該實體業務所在主要經濟環境通 行的貨幣 （ 「功能貨幣」 ） 計量 。 綜合財 務報表以人民幣呈列 ， 該貨幣為本公 司的功能及呈報貨幣 。 (b) 各實體財務報表的交易及結餘 外幣交易於初始確認時使用交易日 期的通行匯率換算為功能貨幣 。 以外 幣為單位的貨幣資產及負債按各報 告期末的通行匯率換算 。 此換算政策 產生的利得及虧損於損益內確認 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Consolidation (Continued) Subsidiaries are consolidated from the date on which control is transferred to the Group. They are de- consolidated from the date the control ceases. The gain or loss on the disposal of a subsidiary that results in a loss of control represents the difference between (i) the fair value of the consideration of the sale plus the fair value of any investment retained in that subsidiary and (ii) the Company ’s share of the net assets of that subsidiary plus any remaining goodwill relating to that subsidiary and any related accumulated foreign currency translation reserve. Intragroup transactions, balances and unrealised profits are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Foreign currency translation (a) Functional and presentation currency Items included in the financial statements of each of the Group ’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The consolidated financial statements are presented in Renminbi, which is the Company ’s functional and presentation currency. (b) Transactions and balances in each entity ’s financial statements Transactions in foreign currencies are translated into the functional currency on initial recognition using the exchange rates prevailing on the transaction dates. Monetary assets and liabilities in foreign currencies are translated at the exchange rates at the end of each reporting period. Gains and losses resulting from this translation policy are recognised in profit or loss.
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95 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 外幣換算（續） (b) 各實體財務報表的交易及結餘 （續） 按公平值計量及以外幣計值的非貨 幣項目乃按釐定公平值當日的匯率 換 算。 當非貨幣項目的利得或虧損於其他 全面收益確認時 ， 該利得或虧損的任 何匯兌部份於其他全面收益確認 。 當 非貨幣項目的利得或虧損於損益確 認時 ， 該利得或虧損的任何匯兌部份 於損益確認 。 (c) 綜合賬目時進行換算 功能貨幣與本公司的呈報貨幣不同 的所有本集團實體的業績及財務狀 況均按以下方法換算為本公司的呈 報貨幣： － 各財務狀況表所列的資產及負 債按財務狀況表日期的收市匯 率換算； － 收入及支出均按平均匯率換 算 ， 除非該平均值並非為按於 交易日期的匯率累計影響的合 理近似值 ， 在此情況下 ， 收入及 支出乃按交易日期匯率換算； 及 － 一切因此而產生的匯兌差額均 在外幣換算儲備內確認 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Foreign currency translation (Continued) (b) Transactions and balances in each entity ’s financial statements (Continued) Non-monetary items that are measured at fair values in foreign currencies are translated using the exchange rates at the dates when the fair values are determined. When a gain or loss on a non-monetary item is recognised in other comprehensive income, any exchange component of that gain or loss is recognised in other comprehensive income. When a gain or loss on a non-monetary item is recognised in profit or loss, any exchange component of that gain or loss is recognised in profit or loss. (c) Translation on consolidation The results and financial position of all the Group entities that have a functional currency different from the Company ’s presentation currency are translated into the Company ’s presentation currency as follows: – Assets and liabilities for each statement of financial position presented are translated at the closing rate at the date of that statement of financial position; – Income and expenses are translated at average exchange rates (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the exchange rates on the transaction dates); and – All resulting exchange differences are recognised in the foreign currency translation reserve.
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96 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 外幣換算（續） (c) 綜合賬目時進行換算 （續） 於綜合賬目時 ， 換算境外實體的投資 淨額及借款所產生的匯兌差額於外 幣換算儲備內確認 。 當境外業務被出 售時 ， 有關匯兌差額作為出售的利得 或虧損的一部份於綜合損益內確認 。 因收購海外實體而產生的商譽及公 平值調整 ， 均作為有關境外實體的資 產與負債 ， 並按收市匯率換算 。 聯營公司 聯營公司是指本集團對其有重大影響力的 實體 。 重大影響力乃指參與某一實體之財 務及經營政策決策但非控制或共同控制該 等政策之權力 。 於評估本集團是否具有重 大影響力時 ， 會考慮現時可行使或可轉換 之潛在表決權 （包括其他實體持有之潛在 表決權） 之存在及影響 。 評估潛在表決權是 否擁有重大影響力時 ， 持有人之意向及是 否有財政能力行使或轉換該權利均不予考 慮。 於一間聯營公司之投資以權益法於綜合 財務報表入賬 ， 且初步按成本確認 。 於收 購中 ， 聯營公司之可識別資產及負債於收 購日期按公平值計量 。 收購成本超出本集 團應佔聯營公司可識別資產及負債之公 平淨值差額列為商譽 。 商譽計入投資之賬 面值 ， 且倘有任何客觀憑據顯示投資已減 值 ， 則於各報告期末連同投資進行減值測 試 。 本集團應佔可識別資產及負債公平淨 值超出收購成本之任何差額於綜合損益確 認。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Foreign currency translation (Continued) (c) Translation on consolidation (Continued) On consolidation, exchange differences arising from the translation of the net investment in foreign entities and of borrowings are recognised in the foreign currency translation reserve. When a foreign operation is sold, such exchange differences are recognised in consolidated profit or loss as part of the gain or loss on disposal. Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing rate. Associates Associates are entities over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of an entity but is not control or joint control over those policies. The existence and effect of potential voting rights that are currently exercisable or convertible, including potential voting rights held by other entities, are considered when assessing whether the Group has significant influence. In assessing whether a potential voting right contributes to significant influence, the holder ’s intention and financial ability to exercise or convert that right is not considered. Investment in an associate is accounted for in the consolidated financial statements by the equity method and is initially recognised at cost. Identifiable assets and liabilities of the associate in an acquisition are measured at their fair values at the acquisition date. The excess of the cost of acquisition over the Group’s share of the net fair value of the associate ’s identifiable assets and liabilities is recorded as goodwill. The goodwill is included in the carrying amount of the investment and is tested for impairment together with the investment at the end of each reporting period when there is objective evidence that the investment is impaired. Any excess of the Group ’s share of the net fair value of the identifiable assets and liabilities over the cost of acquisition is recognised in consolidated profit or loss.
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97 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 聯營公司（續） 本集團應佔聯營公司收購日後之損益於綜 合損益表確認 ， 其應佔收購日後儲備變動 則於綜合儲備確認 。 收購日後累計變動於 有關投資之賬面值調整 。 當本集團應佔一 家聯營公司虧損相等於或超過其在聯營 公司之權益 （包括任何其他無抵押應收賬 款） ， 則本集團不會確認進一步虧損 ， 除非 本集團對聯營公司有此承擔義務或已代聯 營公司支付款項 。 倘該聯營公司其後錄得 溢利 ， 僅在本集團應佔溢利與以往未確認 之應佔虧損相抵後 ， 本集團方可恢復確認 其應佔溢利 。 出售一間聯營公司導致失去重大影響力之 收益或虧損指 (i) 出售代價之公平值加於該 聯營公司保留任何投資之公平值與 (ii) 本集 團應佔該聯營公司之淨資產加與該聯營公 司有關之任何剩餘商譽及任何有關累計外 幣換算儲備之間的差額 。 倘於聯營公司之 投資成為合營公司之投資 ， 本集團繼續使 用權益法且不會重新計量保留溢利 。 本集團與其聯營公司進行交易所產生之未 變現溢利與本集團於聯營公司之權益對 銷 。 未變現虧損亦可予以對銷 ， 惟交易可 證實已轉讓資產出現減值則除外 。 倘有需 要 ， 聯營公司之會計政策會作出調整 ， 以 確保符合本集團採納之會計政策 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Associates (Continued) The Group ’s share of an associate ’s post-acquisition profits or losses is recognised in consolidated profit or loss, and its share of the post-acquisition movements in reserves is recognised in the consolidated reserves. The cumulative post-acquisition movements are adjusted against the carrying amount of the investment. When the Group ’s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the associate. If the associate subsequently reports profits, the Group resumes recognising its share of those profits only after its share of the profits equals the share of losses not recognised. The gain or loss on the disposal of an associate that results in a loss of significant influence represents the difference between (i) the fair value of the consideration of the sale plus the fair value of any investment retained in that associate and (ii) the Group’s share of the net assets of that associate plus any remaining goodwill relating to that associate and any related accumulated foreign currency translation reserve. If an investment in an associate becomes an investment in a joint venture, the Group continues to apply the equity method and does not remeasure the retained interest. Unrealised profits on transactions between the Group and its associates are eliminated to the extent of the Group’s interests in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group.
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98 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 物業 、 廠房及設備 樓宇主要包括工廠及辦公室 。 物業 、 廠房 及設備乃按成本減累計折舊及減值虧損列 賬。 僅於有關項目的未來經濟利益很可能流入 本集團而該項目成本能可靠計量時 ， 後續 成本方會計入資產賬面值中 ， 或確認為個 別資產 （視適用情況而定） 。 所有其他維修 及保養於產生期間於損益確認 。 物業 、 廠房及設備的折舊乃按足以撇銷其 成本減剩餘價值的比率 ， 於估計可使用年 期內使用直線法計算 。 主要年率如下： 樓宇 4.75% 廠房及機器 9.50% 辦公室設備 19%-31 .67% 汽車 23.75% 剩餘價值 、 可使用年期及折舊方法於各報 告期末予以檢討 ， 並作出調整 （倘適用） 。 在建工程指在建樓宇及等待安裝的廠房及 機器 ， 並按成本減去減值虧損列賬 。 當有 關資產可供使用時 ， 折舊即開始 。 出售物業 、 廠房及設備的利得或虧損為相 關資產銷售所得款項淨額與賬面值之間的 差額 ， 並於損益確認 。 研發支出 研究活動的支出於其產生期間內確認為開 支。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Property, plant and equipment Buildings comprise mainly factories and offices. Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. Subsequent costs are included in the asset ’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance are recognised in profit or loss during the period in which they are incurred. Depreciation of property, plant and equipment is calculated at rates sufficient to write off their cost less their residual values over the estimated useful lives on a straight-line basis. The principal annual rates are as follows: Buildings 4.75% Plant and machinery 9.50% Office equipment 19%-31 .67% Motor vehicles 23.75% The residual values, useful lives and depreciation method are reviewed and adjusted, if appropriate, at the end of each reporting period. Construction in progress represents buildings under construction and plant and machinery pending installation, and is stated at cost less impairment losses. Depreciation begins when the relevant assets are available for use. The gain or loss on disposal of property, plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant asset, and is recognised in profit or loss. Research and development expenditure Expenditure on research activities is recognised as an expense in the period in which it is incurred.
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99 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 無形資產 本集團收購的無形資產按成本減累計攤銷 （當估計可使用年期為有限） 及減值虧損 列 賬。 專利及電腦軟件按成本減去累計攤銷及減 值虧損列賬 。 攤銷分別按10年及3年的估計 可使用年期以直線法計算 。 租賃 本集團為承租人 租賃於租賃資產可供本集團使用時確認為 使用權資產及相應租賃負債 。 使用權資產 乃按成本減累計折舊及減值虧損列賬 。 使 用權資產乃按撇銷成本的比率 ， 於資產使 用年期與租期二者中的較短者使用直線法 計算折舊 。 主要年率如下： 土地使用權 2% – 3.33% 使用權資產乃按成本 （包括初步計量租賃 負債金額 、 預付租賃款項 、 初步直接成本 及恢復成本） 計量 。 倘有關利率或本集團 的遞增借款利率可予確定 ， 租賃負債包括 使用租約內所述利率折現租賃付款的現值 淨額 。 各租賃付款於負債與融資成本之間 作出分配 。 融資成本於租期內在損益內扣 除 ， 以使租賃負債餘額的息率固定 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Intangible assets Intangible assets that are acquired by the Group are stated at cost less accumulated amortisation (where the estimated useful life is finite) and impairment losses. Patents and computer software are stated at cost less accumulated amortisation and impairment losses. Amortisation is calculated on a straight-line basis over their estimated useful lives of 10 years and 3 years respectively. Leases The Group as lessee Leases are recognised as right-of-use assets and corresponding lease liabilities when the leased assets are available for use by the Group. Right-of-use assets are stated at cost less accumulated depreciation and impairment losses. Depreciation of right-of-use assets is calculated at rates to write off their cost over the shorter of the asset ’s useful life and the lease term on a straight-line basis. The principal annual rates are as follows: Land use rights 2% – 3.33% Right-of-use assets are measured at cost comprising the amount of the initial measurement of the lease liabilities, lease payments prepaid, initial direct costs and the restoration costs. Lease liabilities include the net present value of the lease payments discounted using the interest rate implicit in the lease if that rate can be determined, or otherwise the Group ’s incremental borrowing rate. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease term so as to produce a constant periodic rate of interest on the remaining balance of the lease liability.
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100 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 租賃（續） 本集團為承租人 （續） 與短期租賃相關的付款及低價值資產租賃 於租期內以直線法在損益內確認為開支 。 短期租賃乃為初步租期為 12個月或少於 12 個月的租賃 。 低價值資產為價值低於 5,000 美元的資產 。 投資物業 投資物業為持有以賺取租金及╱或資本增 值的土地及╱或樓宇 。 投資物業最初按成 本計量 ， 包括物業應佔的所有直接成本 。 初始確認後 ， 投資物業按成本減累計折舊 及減值虧損列示 。 折舊乃採用直綫法計 算，於20至60年的估計使用年限內將成本 分配至殘值 。 出售投資物業的損益為銷售所得款項淨額 與物業的賬面值之間的差額 ， 於損益中確 認。 存貨 存貨按成本與可變現淨值兩者的較低者 列賬 。 成本按加權平均基準釐定 。 製成品 及在製品的成本包括原材料 、 直接人工及 所有生產經常開支的應佔部份及分包費用 （如適用） 。 可變現淨值按一般業務過程的 估計銷售價格減去估計完成成本及估計銷 售所需成本計算 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Leases (Continued) The Group as lessee (Continued) Payments associated with short-term leases and leases of low-value assets are recognised as expenses in profit or loss on a straight-line basis over the lease terms. Short-term leases are leases with an initial lease term of 12 months or less. Low-value assets are assets of value below US$5,000. Investment properties Investment properties are land and/or building held to earn rentals and/or for capital appreciation. An investment property is measured initially at its cost including all direct costs attributable to the property. After initial recognition, the investment property is stated at cost less accumulated depreciation and impairment losses. The depreciation is calculated using the straight-line method to allocate the cost to the residual value over its estimated useful life of 20-60 years. The gain or loss on disposal of an investment property is the difference between the net sales proceeds and the carrying amount of the property, and is recognized in profit or loss. Inventories Inventories are stated at the lower of cost and net realisable value. Cost is determined using the weighted average basis. The cost of finished goods and work in progress comprises raw materials, direct labour and an appropriate proportion of all production overhead expenditure, and where appropriate, subcontracting charges. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale.
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101 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 確認及終止確認金融工具 當本集團成為工具合約條款的一方時 ， 會 在財務狀況表確認金融資產及金融負債 。 當自資產收取現金流量的合約權利屆滿 時；或本集團將資產所有權絕大部份風險 及回報轉讓時；或本集團概無轉讓亦無保 留資產所有權絕大部份風險及回報惟並無 保留對資產的控制權時 ， 則終止確認金融 資產 。 於終止確認金融資產時 ， 資產賬面 值與已收代價的總和差額於損益確認 。 當有關合約內指定的責任獲解除 、 取消或 屆滿時終止確認金融負債 。 終止確認金融 負債的賬面值與已付代價的差額於損益確 認。 金融資產 倘根據合約條款規定須於有關市場所規定 期限內購入或出售資產 ， 則金融資產按交 易日基準確認入賬及終止確認 ， 並按公平 值加直接交易成本作初步確認 ， 惟按公平 值計入損益的投資則除外 。 收購按公平值 計入損益的投資之直接應佔交易成本即時 於損益確認 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Recognition and derecognition of financial instruments Financial assets and financial liabilities are recognised in the statement of financial position when the Group becomes a party to the contractual provisions of the instruments. Financial assets are derecognised when the contractual rights to receive cash flows from the assets expire; the Group transfers substantially all the risks and rewards of ownership of the assets; or the Group neither transfers nor retains substantially all the risks and rewards of ownership of the assets but has not retained control on the assets. On derecognition of a financial asset, the difference between the asset ’s carrying amount and the sum of the consideration received and is recognised in profit or loss. Financial liabilities are derecognised when the obligation specified in the relevant contract is discharged, cancelled or expired. The difference between the carrying amount of the financial liability derecognised and the consideration paid is recognised in profit or loss. Financial assets Financial assets are recognised and derecognised on a trade date basis where the purchase or sale of an asset is under a contract whose terms require delivery of the asset within the timeframe established by the market concerned, and are initially recognised at fair value, plus directly attributable transaction costs except in the case of investments at fair value through profit or loss. Transaction costs directly attributable to the acquisition of investments at fair value through profit or loss are recognised immediately in profit or loss.
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102 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 金融資產（續） 本集團的金融資產分類如下： (i) 按攤銷成本列賬的金融資產 撥歸此類的金融資產 （包括貿易應收 款項及其他應收款項） 須同時符合下 列兩項條件： (a) 持有資產的業務模式是為持有 資產以收取合約現金流量；及 (b) 資產的合約條款於特定日期產 生僅為支付本金及未償還本金 利息的現金流量 。 有關項目其後以實際利息法按攤銷 成本減預期信貸虧損的虧損撥備計 量。 (ii) 按公平值計入損益的投資 倘金融資產不符合按攤銷成本計量 之條件及按公平值計入其他全面收 益之債務投資條件 ， 則金融資產分類 為此類別 ， 惟本集團於初步確認時指 定並非持作買賣用途的股本投資為 按公平值計入其他全面收益則另作 別 論。 按公平值計入損益的投資其後按公 平值計量 ， 而公平值變動產生的任何 利得或虧損於損益確認 。 於損益確認 的公平值利得或虧損乃扣除任何利 息收入及股息收入 。 利息收入及股息 收入於損益確認 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Financial assets (Continued) Financial assets of the Group are classified under the following category: (i) Financial assets at amortised cost Financial assets (including trade and other receivables) are classified under this category if they satisfy both of the following conditions: (a) the assets are held within a business model whose objective is to hold assets in order to collect contractual cash flows; and (b) the contractual terms of the assets give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. They are subsequently measured at amortised cost using the effective interest method less loss allowance for expected credit losses. (ii) Investments at fair value through profit or loss Financial assets are classified under this category if they do not meet the conditions to be measured at amortised cost and the conditions of debt investments at fair value through other comprehensive income unless the Group designates an equity investment that is not held for trading as at fair value through other comprehensive income on initial recognition. Investments at fair value through profit or loss are subsequently measured at fair value with any gains or losses arising from changes in fair values recognised in profit or loss. The fair value gains or losses recognised in profit or loss are net of any interest income and dividend income. Interest income and dividend income are recognised in profit or loss.
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103 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 預期信貸虧損的虧損撥備 本集團就按攤銷成本列賬的金融資產及合 同資產的預期信貸虧損確認虧損撥備 。 預 期信貸虧損為加權平均信貸虧損 ， 並以發 生違約風險的金額作為加權數值 。 於各報告期末 ， 倘金融工具的信貸風險自 初始確認以來已大幅增加 ， 本集團將按相 等於該金融工具的預計存續期內所有可能 發生的違約事件導致的預期信貸虧損 （ 「存 續期預期信貸虧損」 ） 的金額就貿易應收款 項及合同資產計量一項金融工具的虧損撥 備。 於報告期末 ， 倘金融工具 （貿易應收款項及 合同資產除外） 的信貸風險自初步確認後 並未大幅增加 ， 則本集團將按相等於存續 期預期信貸虧損部份 （指報告期後 12個月 內可能發生的違約事件所導致的該金融工 具的預期信貸虧損） 的金額計量該金融工 具的虧損撥備 。 預期信貸虧損金額或為調整報告期末虧損 撥備至所需金額所作撥回金額乃於損益確 認為減值利得或虧損 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Loss allowances for expected credit losses The Group recognises loss allowances for expected credit losses on financial assets at amortised cost and contract assets. Expected credit losses are the weighted average of credit losses with the respective risks of a default occurring as the weights. At the end of each reporting period, the Group measures the loss allowance for a financial instrument at an amount equal to the expected credit losses that result from all possible default events over the expected life of that financial instrument ( “lifetime expected credit losses ”) for trade receivables and contract assets, or if the credit risk on that financial instrument has increased significantly since initial recognition. If, at the end of the reporting period, the credit risk on a financial instrument (other than trade receivables and contract assets) has not increased significantly since initial recognition, the Group measures the loss allowance for that financial instrument at an amount equal to the portion of lifetime expected credit losses that represents the expected credit losses that result from default events on that financial instrument that are possible within 12 months after the reporting period. The amount of expected credit losses or reversal to adjust the loss allowance at the end of the reporting period to the required amount is recognised in profit or loss as an impairment gain or loss.
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104 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 現金及現金等價物 就現金流量表而言 ， 現金及現金等價物指 銀行及手頭現金 、 存放於銀行及其他財務 機構的活期存款 ， 以及短期高流通性的投資 （可即時轉換為已知數額現金及受極輕微 價值變動風險所限） 。 現金及現金等價物亦 包括須按要求償還及為本集團整體現金管 理一部份的銀行透支 。 金融負債及股本工具 金融負債及股本工具乃根據合同安排的實 質內容以及香港財務報告準則中金融負債 及股本工具的定義予以分類 。 股本工具為 可證明於本集團經扣除所有負債後於資產 中擁有的剩餘權益的任何合同 。 就特定類 別的金融負債及股本工具採納的會計政策 載列於下文 。 借款 借款初步按公平值 ， 扣除所產生的交易成 本確認 ， 其後使用實際利率法按攤銷成本 計 量。 除非本集團有無條件權利延遲償還負債直 至報告期末後最少 12個月 ， 否則借款應分 類為流動負債 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Cash and cash equivalents For the purpose of the statement of cash flows, cash and cash equivalents represent cash at bank and on hand, demand deposits with banks and other financial institutions, and short-term highly liquid investments which are readily convertible into known amounts of cash and subject to an insignificant risk of change in value. Bank overdrafts which are repayable on demand and form an integral part of the Group ’s cash management are also included as a component of cash and cash equivalents. Financial liabilities and equity instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument under HKFRSs. An equity instrument is any contract that evidences a residual interest in the assets of the Group after deducting all of its liabilities. The accounting policies adopted for specific financial liabilities and equity instruments are set out below. Borrowings Borrowings are recognised initially at fair value, net of transaction costs incurred, and subsequently measured at amortised cost using the effective interest method. Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the end of the reporting period.
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105 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 貿易應付款項及其他應付款項 貿易應付款項及其他應付款項初步按公平 值列賬 ， 其後則採用實際利率法按攤銷成 本計量 ， 惟如貼現影響並不重大 ， 則以成 本列賬 。 衍生金融工具 衍生工具 （包括業務合併下的或然代價） 已 初步確認 ， 其後按公平值計量 ， 而因公平 值變動產生的任何利得或虧損於損益中確 認。 股本工具 本公司發行的股本工具乃按已收取的所得 款項扣除直接發行成本入賬 。 客戶合同收益 收益乃按經參考業務慣例後與客戶訂立的 合同所訂明的代價計量 ， 且不包括代第三 方收取的金額 。 就客戶付款與轉移已承諾 產品或服務之間的期限超過一年的合約 ， 代價會就重大融資部分的影響作出調整 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) T rade and other payables Trade and other payables are stated initially at their fair value and subsequently measured at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. Derivative financial instruments Derivatives (including contingent considerations under business combinations) are initially recognised and subsequently measured at fair value with any gains or losses arising from changes in fair values recognised in profit or loss. Equity instruments Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs. Revenue from contracts with customers Revenue is measured based on the consideration specified in a contract with a customer with reference to the customary business practices and excludes amounts collected on behalf of third parties. For a contract where the period between the payment by the customer and the transfer of the promised product or service exceeds one year, the consideration is adjusted for the effect of a significant financing component.
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106 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 客戶合同收益（續） 本集團透過將產品或服務的控制權轉移予 客戶而完成其履約責任時確認收益 。 視乎 合同的條款及適用於該合同的法律 ， 履約 責任可隨時間或於某一時間點完成 。 倘屬 下列情況 ， 履約責任乃隨時間完成： (a) 當客戶同時取得及消費本集團履約 所提供的利益； (b) 當本集團的履約行為創建或改良一 項其於被創建或改良時受客戶控制 的資產；或 (c) 當本集團的履約行為並無創建一項 對本集團有替代用途的資產 ， 及本集 團對至今已完成的履約行為擁有可 強制執行付款的權利 。 倘履約責任屬隨時間完成 ， 收益會經參考 已完成履約責任的進度確認 。 否則 ， 收益 於客戶取得產品或服務的控制權時確認 。 其他收入 利息收入使用實際利率法按時間比例確 認。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Revenue from contracts with customers (Continued) The Group recognises revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. Depending on the terms of a contract and the laws that apply to that contract, a performance obligation can be satisfied over time or at a point in time. A performance obligation is satisfied over time if: (a) the customer simultaneously receives and consumes the benefits provided by the Group ’s performance; (b) the Group ’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or (c) the Group ’s performance does not create an asset with an alternative use to the Group and the Group has an enforceable right to payment for performance completed to date. If a performance obligation is satisfied over time, revenue is recognised by reference to the progress towards complete satisfaction of that performance obligation. Otherwise, revenue is recognised at a point in time when the customer obtains control of the product or service. Other income Interest income is recognised on a time-proportion basis using the effective interest method.
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107 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 僱員福利 (a) 僱員休假權利 僱員的年假及長期服務假期權利乃 於僱員享有有關權利時確認 。 本集團 為截至報告期末僱員已提供的服務 而產生的年假及長期服務假期的估 計負債作出撥備 。 僱員的病假及產假權利直至僱員正 式休假時方予確認 。 (b) 退休金責任 本集團為所有僱員提供定額供款退 休計劃 。 本集團及僱員向計劃作出的 供款乃根據僱員基本薪金的百分比 計算 。 於損益內扣除的退休福利計劃 成本指本集團應付予有關基金的供 款。 (c) 離職福利 離職福利於本集團不能撤回提供該 等福利時及本集團確認重組成本並 涉及支付離職福利時 （以較早日期為 準 ）確 認 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Employee benefits (a) Employee leave entitlements Employee entitlements to annual leave and long service leave are recognised when they accrue to employees. A provision is made for the estimated liability for annual leave and long service leave as a result of services rendered by employees up to the at the end of the reporting period. Employee entitlements to sick leave and maternity leave are not recognised until the time of leave. (b) Pension obligations The Group contributes to defined contribution retirement schemes which are available to all employees. Contributions to the schemes by the Group and employees are calculated as a percentage of employees ’ basic salaries. The retirement benefit scheme cost charged in profit or loss represents contributions payable by the Group to the funds. (c) Termination benefits Termination benefits are recognised at the earlier of the dates when the Group can no longer withdraw the offer of those benefits and when the Group recognises restructuring costs and involves the payment of termination benefits.
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108 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 借款成本 因收購 、 建設或生產合資格資產 （即需要一 段較長時間方可達致其擬定用途或出售的 資產） 而直接應佔的借款成本會撥充資本 ， 作為該等資產的部分成本 ， 直至該等資產 大致上可作其擬定用途或出售時為止 。 在 特定借款用作合資格資產支出前暫作投資 所賺取的投資收入須自撥充資本的借款成 本扣除 。 就於一般情況及用作取得合資格資產而借 入的資金而言 ， 可撥充資本的借款成本金 額乃按該項資產的支出所採用的資本化比 率釐定 。 資本化比率為適用於本集團該期 間內尚未償還借款 （不包括就取得合資格 資產而借入的特定借款） 的加權平均借款 成 本。 所有其他借款成本均在產生期間於損益內 確 認。 政府補助 政府補助於合理確保本集團將遵守有關補 助的條件及可獲取有關補助後方會予以確 認。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Borrowing costs Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are capitalised as part of the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. To the extent that funds are borrowed generally and used for the purpose of obtaining a qualifying asset, the amount of borrowing costs eligible for capitalisation is determined by applying a capitalisation rate to the expenditures on that asset. The capitalisation rate is the weighted average of the borrowing costs applicable to the borrowings of the Group that are outstanding during the period, other than borrowings made specifically for the purpose of obtaining a qualifying asset. All other borrowing costs are recognised in profit or loss in the period in which they are incurred. Government grants A government grant is recognised when there is reasonable assurance that the Group will comply with the conditions attaching to it and that the grant will be received.
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109 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 稅項 所得稅指即期稅項及遞延稅項的總和 。 即期應付稅項按年內應課稅溢利計算 。 應 課稅溢利與於損益內確認的溢利不同 ， 原 因是應課稅溢利不包括其他年度的應課稅 或可予扣稅的收入或開支項目 ， 亦不包括 免稅或不可扣稅的項目 。 本集團的即期稅 項負債按報告期末前已頒佈或實際頒佈的 稅率計算 。 遞延稅項按財務報表內資產及負債賬面值 與計算應課稅溢利所用相關稅基的差額確 認 。 遞延稅項負債一般按所有應課稅暫時 差額確認入賬 ， 而遞延稅項資產則會在可 能有應課稅溢利可供作抵銷可予扣減暫時 差額 、 未動用稅項虧損或未動用稅項抵免 時確認入賬 。 倘暫時差額因商譽或在不影 響應課稅溢利及會計溢利的交易中初次確 認 （業務合併除外） 其他資產及負債而產 生 ， 則有關資產及負債不予確認 。 於附屬公司的投資產生的應課稅暫時差額 乃確認為遞延稅項負債 ， 惟本集團可控制 暫時差額的撥回及有關暫時差額可能不會 於可預見將來撥回則除外 。 遞延稅項資產的賬面值於各報告期末進行 檢討 ， 並予以扣減直至不再可能有足夠應 課稅溢利可供收回全部或部份資產為止 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) T axation Income tax represents the sum of the current tax and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit recognised in profit or loss because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Group ’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences, unused tax losses or unused tax credits can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. Deferred tax liabilities are recognised for taxable temporary differences arising on investments in subsidiaries except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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110 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 稅項（續） 遞延稅項乃根據於報告期末已實施或實質 上已實施的稅率 ， 按預期在負債償還或資 產變現期間適用的稅率計算 。 遞延稅項乃 於損益中確認 ， 惟倘遞延稅項與於其他全 面收益或直接於權益確認的項目相關 ， 則 在此情況下亦會在其他全面收益或直接於 權益內確認 。 遞延稅項資產及負債的計量反映按照本集 團預期於報告期末可收回或結算其資產及 負債的賬面值方式計算而得出的稅務結 果。 當有合法執行權利許可將即期稅項資產與 即期稅項負債抵銷 ， 並涉及與同一稅務機 關徵收的所得稅有關且本集團擬按淨額基 準結算其即期稅項資產及負債時 ， 則遞延 稅項資產及負債可互相對銷 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) T axation (Continued) Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised, based on tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised in profit or loss, except when it relates to items recognised in other comprehensive income or directly in equity, in which case the deferred tax is also recognised in other comprehensive income or directly in equity. The measurement of deferred tax assets and liabilities reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current tax assets and liabilities on a net basis.
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111 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 分部報告 經營分部及財務報表所呈報各分部項目的 金額 ， 乃根據向本集團各項業務分配資源 及評估其業績表現而定期向本集團最高行 政管理層提供的財務資料當中而識別 。 個別重大經營分部不會就財務報告目的 而合併 ， 除非相關分部具有類似的經濟特 徵 ， 且產品及服務性質 、 生產流程性質 、 客 戶類型或類別 、 分銷產品或提供服務所用 方法及監管環境的性質相似 。 符合上述多 數標準的非個別重大經營分部可合併 。 關聯方 關聯方乃與本集團有關聯的人士或實體 。 (a) 倘屬以下人士 ， 即該人士或該人士家 庭近親成員與本集團有關聯： (i) 控制或共同控制本集團； (ii) 對本集團有重大影響；或 (iii) 為本公司或本公司母公司的主 要管理層成員 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Segment reporting Operating segments and the amounts of each segment item reported in the financial statements are identified from the financial information provided regularly to the Group ’s most senior executive management for the purpose of allocating resources and assessing the performance of the Group’s various lines of business. Individually material operating segments are not aggregated for financial reporting purposes unless the segments have similar economic characteristics and are similar in respect of the nature of products and services, the nature of productions processes, the type or class of customers, the methods used to distribute the products or provide the services, and the nature of the regulatory environment. Operating segments which are not individually material may be aggregated if they share a majority of these criteria. Related parties A related party is a person or entity that is related to the Group. (a) A person or a close member of that person ’s family is related to the Group if that person: (i) has control or joint control over the Group; (ii) has significant influence over the Group; or (iii) is a member of the key management personnel of the Company or of a parent of the Company.
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112 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 關聯方（續） (b) 倘符合下列任何條件 ， 即實體與本集 團有關聯： (i) 該實體與本公司屬同一集團的 成員公司 （即各母公司 、 附屬公 司及同系附屬公司彼此間有關 聯 ）。 (ii) 一間實體為另一實體的聯營公 司或合營企業 （或另一實體為成 員公司的集團旗下成員公司的 聯營公司或合營企業） 。 (iii) 兩間實體均為同一第三方的合 營企業 。 (iv) 一間實體為第三方實體的合營 企業 ， 而另一實體為該第三方 實體的聯營公司 。 (v) 實體為本集團或與本集團有關 聯的實體就僱員利益設立的離 職福利計劃 。 倘本集團本身便 是該計劃 ， 提供資助的僱主亦 與本集團有關聯 。 (vi) 實體受 (a) 項所識別人士控制或 受共同控制 。 (vii) 於(a)(i) 項所識別人士對實體有 重大影響力或屬該實體 （或該實 體的母公司） 主要管理層成員 。 (viii) 該實體 （或集團 （而該實體為當 中成員） 內任何成員公司） 向本 公司或本公司的母公司提供主 要管理人事服務 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Related parties (Continued) (b) An entity is related to the Group if any of the following conditions applies: (i) The entity and the Company are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others). (ii) One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member). (iii) Both entities are joint ventures of the same third party. (iv) One entity is a joint venture of a third entity and the other entity is an associate of the third entity. (v) The entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group. If the Group is itself such a plan, the sponsoring employers are also related to the Group. (vi) The entity is controlled or jointly controlled by a person identified in (a). (vii) A person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity). (viii) The entity, or any member of a group of which it is a part, provides key management personnel services to the Company or to a parent of the Company.
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113 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 資產減值 本集團於各報告期末檢討其有形及無形資 產 （遞延稅項資產 、 投資 、 存貨及應收款項 除外） 的賬面值 ， 以釐定有否跡象顯示該 等資產出現減值虧損 。 倘存在任何該等跡 象 ， 則估計資產的可收回金額以釐定任何 減值虧損程度 。 倘無法估計個別資產的可 收回金額 ， 則本集團估計資產所屬現金產 生單位的可收回金額 。 可收回金額為公平值減出售成本與使用價 值兩者中的較高者 。 評估使用價值時 ， 估 計未來現金流量會按照可反映現時市場對 貨幣時間值及資產特定風險的評估的稅前 貼現率 ， 貼現至其現值 。 倘資產或現金產生單位的可收回金額估計 低於其賬面值 ， 則資產或現金產生單位的 賬面值減至其可收回金額 。 減值虧損即時 於損益確認 ， 惟倘相關資產以重估價值列 賬 ， 在此情況下減值虧損視作重估價值減 少處理 。 倘減值虧損於日後撥回 ， 則資產或現金產 生單位的賬面值增至其可收回金額經修 訂估計 ， 惟增加後的賬面值不得高於假設 過往年度並無就資產或現金產生單位確認 減值虧損而釐定的賬面值 （扣除攤銷或折 舊） 。 減值虧損撥回即時於損益確認 ， 惟倘 相關資產以重估價值列賬 ， 在此情況下減 值虧損撥回視作重估價值增加處理 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Impairment of assets At the end of each reporting period, the Group reviews the carrying amounts of its tangible and intangible assets other than deferred tax assets, investments, inventories and receivables, to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of any impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If the recoverable amount of an asset or cash- generating unit is estimated to be less than its carrying amount, the carrying amount of the asset or cash- generating unit is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Where an impairment loss subsequently reverses, the carrying amount of the asset or cash-generating unit is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined (net of amortisation or depreciation) had no impairment loss been recognised for the asset or cash-generating unit in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
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114 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3. 主要會計政策資料（續） 撥備及或然負債 當本集團因已發生的事件須承擔現有法定 或推定責任 ， 而履行責任有可能導致經濟 利益流出 ， 並能可靠估計責任金額的情況 下 ， 須對該等時間或金額不確定的負債確 認撥備 。 倘貨幣時間值重大 ， 則撥備的金 額乃按預期用於履行該責任的支出的現值 列 賬。 倘需要流出經濟利益的機會不大 ， 或責任 金額無法可靠估計 ， 則責任乃披露為或然 負債 ， 除非經濟利益流出的可能性極低則 另作別論 。 可能出現的責任 （即是否存在 將僅取決於日後是否會發生一宗或多宗事 件） 亦披露為或然負債 ， 惟經濟利益流出的 可能性極低者則除外 。 報告期後事項 為本集團於報告期末狀況提供額外資料或 顯示持續經營假設並不適合的報告期後事 項均屬於調整事項 ， 於綜合財務報表內反 映 。 並非屬調整事項的報告期後事項如屬 重大 ， 則於綜合財務報表附註中披露 。 4. 關鍵判斷及主要估計 估計不確定因素的主要來源 於報告期末 ， 極可能導致下一個財政年度 資產及負債的賬面值須作重大調整 ， 有關 未來的主要假設及估計不確定因素的其他 主要來源載述如下 。 3. MATERIAL ACCOUNTING POLICY INFORMATION (Continued) Provisions and contingent liabilities Provisions are recognised for liabilities of uncertain timing or amount when the Group has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Where the time value of money is material, provisions are stated at the present value of the expenditures expected to settle the obligation. Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow is remote. Possible obligations, whose existence will only be confirmed by the occurrence or non- occurrence of one or more future events are also disclosed as contingent liabilities unless the probability of outflow is remote. Events after the reporting period Events after the reporting period that provide additional information about the Group ’s position at the end of the reporting period or those that indicate the going concern assumption is not appropriate are adjusting events and are reflected in the consolidated financial statements. Events after the reporting period that are not adjusting events are disclosed in the notes to the consolidated financial statements when material. 4. CRITICAL JUDGEMENTS AND KEY ESTIMATES Key sources of estimation uncertainty The key assumptions concerning the future, and other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are discussed below.
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115 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 4. 關鍵判斷及主要估計（續） 估計不確定因素的主要來源 （續） (a) 滯銷存貨撥備 滯銷存貨撥備根據存貨賬齡及估計 存貨可變現淨值作出 。 評估撥備金額 涉及判斷及估計 。 倘日後實際結果與 原來估計有所不同 ， 則有關差額將影 響上述估計出現變動期間存貨的賬 面值及撥備開支╱撥回 。 (b) 呆壞賬減值虧損 本集團根據貿易應收款項及其他應 收款項的可收回性作出的評估 ， 包括 每名債務方的現時信貸及過往收賬 記錄 ， 就呆壞賬作出減值虧損 。 倘事 件或情況變動顯示餘款或會無法收 回 ， 則產生減值 。 識別呆壞賬須使用 判斷及估計 。 倘實際結果與原來估計 有所不同 ， 則有關差額將影響上述估 計出現變動年度貿易應收款項及其 他應收款項的賬面值及呆賬開支 。 (c) 遞延稅項資產 倘可能有應課稅溢利可用以抵銷未 動用的稅項虧損 ， 則就未動用的稅項 虧損確認遞延稅項資產 。 管理層須根 據未來應課稅溢利的大致時間及數 額以及未來稅務計劃策略作出重大 判斷 ， 以釐定可確認的遞延稅項資產 金額 。 進一步詳情載於綜合財務報表 附註30。 4. CRITICAL JUDGEMENTS AND KEY ESTIMATES (Continued) Key sources of estimation uncertainty (Continued) (a) Allowance for slow-moving inventories Allowance for slow-moving inventories is made based on the ageing and estimated net realisable value of inventories. The assessment of the allowance amount involves judgement and estimates. Where the actual outcome in future is different from the original estimate, such difference will impact the carrying value of inventories and allowance charge/write-back in the period in which such estimate has been changed. (b) Impairment loss for bad and doubtful debts The Group makes impairment loss for bad and doubtful debts based on assessments of the recoverability of the trade and other receivables, including the current creditworthiness and the past collection history of each debtor. Impairments arise where events or changes in circumstances indicate that the balances may not be collectible. The identification of bad and doubtful debts requires the use of judgement and estimates. Where the actual result is different from the original estimate, such difference will impact the carrying value of the trade and other receivables and doubtful debt expenses in the year in which such estimate has been changed. (c) Deferred tax assets Deferred tax assets are recognised for unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised. Significant management judgement is required to determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the level of future taxable profits together with future tax planning strategies. Further details are contained in note 30 to the consolidated financial statements.
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116 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 4. 關鍵判斷及主要估計（續） 估計不確定因素的主要來源 （續） (d) 物業 、 廠房及設備及投資物業以及折 舊 本集團釐定其物業 、 廠房及設備及投 資物業的估計可使用年期 、 剩餘價值 及相關折舊開支 。 該估計以性質及功 能相若的物業 、 廠房及設備及投資物 業實際可使用年期及剩餘價值的過 往經驗為基準 。 倘可使用年期及剩餘 價值與先前估計不同 ， 本集團將修訂 折舊開支 ， 或撇銷或撇減已報廢或出 售的技術上過時或非策略性資產 。 倘物業 、 廠房及設備及投資物業項目 的估計可使用年期及╱或剩餘價值 有別於先前估計 ， 則計提額外折舊 。 可使用年期及剩餘價值於各財政年 結日根據情況變化進行檢討 。 5. 財務風險管理 本集團業務活動承受多項財務風險：外幣 風險 、 信貸風險 、 流動資金風險及利率風 險 。 本集團的整體風險管理項目專注於金 融市場的不可預測性及尋求降低對本集團 財務表現造成的潛在不利影響 。 4. CRITICAL JUDGEMENTS AND KEY ESTIMATES (Continued) Key sources of estimation uncertainty (Continued) (d) Property, plant and equipment and investment properties and depreciation The Group determines the estimated useful lives, residual values and related depreciation charges for the Group ’s property, plant and equipment and investment properties. This estimate is based on the historical experience of the actual useful lives and residual values of property, plant and equipment and investment properties of similar nature and functions. The Group will revise the depreciation charge where useful lives and residual values are different to those previously estimated, or it will write-off or write-down technically obsolete or non-strategic assets that have been abandoned or sold. Additional depreciation is made if the estimated useful lives and/or the residual values of items of property, plant and equipment and investment properties are different from the previous estimation. Useful lives and residual values are reviewed at each financial year end date based on changes in circumstances. 5. FINANCIAL RISK MANAGEMENT The Group’s activities expose it to a variety of financial risks: foreign currency risk, credit risk, liquidity risk and interest rate risk. The Group’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group’s financial performance.
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117 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 5. 財務風險管理（續） (a) 外幣風險 由於本集團大部分業務交易 、 資產及 負債主要以本集團實體功能貨幣計 值 ， 故本集團所承受的外幣風險不 高 。 本集團現時並無就外幣交易 、 資 產及負債制定外幣對沖政策 。 本集團 將密切監察外幣風險 ， 並將於有需要 時考慮對沖重大外幣風險 。 (b) 信貸風險 本集團僅與知名及信譽良好的第三 方進行交易 。 本集團持續監察應收款 項結餘 ， 就並非按相關營運單位的功 能貨幣計值的交易而言 ， 本集團未經 執行董事的特別批准不會提供信用 期。 本集團其他金融資產 （包括現金及現 金等價物 、 已抵押存款及其他應收 款項） 的信貸風險來自交易對手方違 約 ， 所承受的最高風險等於該等工具 的賬面值 。 由於本集團僅與知名及信譽良好的 第三方進行交易 ， 故無需抵押品 。 信 貸風險的集中程度按客戶╱交易對 手方的分析管理 。 本集團並無重大的 集中信貸風險 ， 原因是本集團貿易應 收款項的客戶基礎較為分散 。 5. FINANCIAL RISK MANAGEMENT (Continued) (a) Foreign currency risk The Group has minimal exposure to foreign currency risk as most of its business transactions, assets and liabilities are principally denominated in the functional currencies of the Group entities. The Group currently does not have a foreign currency hedging policy in respect of foreign currency transactions, assets and liabilities. The Group will monitor its foreign currency exposure closely and will consider hedging significant foreign currency exposure should the need arise. (b) Credit risk The Group trades only with recognised and creditworthy third parties. Receivable balances are monitored on an ongoing basis. For transactions that are not denominated in the functional currency of the relevant operating unit, the Group does not offer credit terms without the specific approval of the executive directors. The credit risk of the Group ’s other financial assets, which comprise cash and cash equivalents, pledged deposits, and other receivables, arises from default of the counterparty, with a maximum exposure equal to the carrying amounts of these instruments. Since the Group trades only with recognised and creditworthy third parties, there is no requirement for collateral. Concentrations of credit risk are managed by analysis by customer/counterparty. There are no significant concentrations of credit risk within the Group as the customer bases of the Group ’s trade receivables are widely dispersed.
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118 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 5. 財務風險管理（續） (b) 信貸風險（續） 有關本集團承受的來自貿易應收款 項及應收票據以及預付款項 、 按金及 其他應收款項的信貸風險的進一步 量化數據分別披露於綜合財務報表 附註23及25。 本集團通過比較金融資產於報告日 期之違約風險與於初始確認日期之 違約風險 ， 以評估金融資產之信貸風 險有否於各報告期內按持續基準大 幅增加 。 本集團亦考慮所得合理及有 理據支持之前瞻性資料 。 尤其使用下 列資料： － 內部信貸評級； － 預期導致借款人履行責任能力 出現重大變動之業務 、 財務或 經濟狀況之實際或預期重大不 利變動； － 借款人經營業績之實際或預期 重大變動； － 抵押品價值或擔保或信貸提升 措施之質素重大變動；及 － 借款人預期表現及行為之重大 變動 ， 包括借款人之付款狀況 變 動。 5. FINANCIAL RISK MANAGEMENT (Continued) (b) Credit risk (Continued) Further quantitative data in respect of the Group’s exposure to credit risk arising from trade and bills receivables and prepayments, deposits and other receivables are disclosed in notes 23 and 25, respectively, to the consolidated financial statements. The Group considers whether there has been a significant increase in credit risk of financial assets on an ongoing basis throughout each reporting period by comparing the risk of a default occurring as at the reporting date with the risk of default as at the date of initial recognition. It considers available reasonable and supportive forwarding-looking information. Especially the following information is used: – internal credit rating; – actual or expected significant adverse changes in business, financial or economic conditions that are expected to cause a significant change to the borrower ’s ability to meet its obligations; – actual or expected significant changes in the operating results of the borrower; – significant changes in the value of the collateral or in the quality of guarantees or credit enhancements; and – significant changes in the expected performance and behaviour of the borrower, including changes in the payment status of borrowers.
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119 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 5. 財務風險管理（續） (b) 信貸風險（續） 本集團將非貿易性質的應收款項分 為兩個類別 ， 以反映其信貸風險及釐 定各類別貸款虧損撥備的方式 。 於計 算預期信貸虧損率時 ， 本集團考慮各 類別的歷史虧損率及就前瞻數據進 行調整 。 (c) 流動資金風險 本集團的政策為定期監控現有及預 期流動資金需求 ， 確保其維持充裕現 金儲備 ， 以滿足短期及長期流動資金 需求 。 本集團所有金融負債均於一年 內到期 。 5. FINANCIAL RISK MANAGEMENT (Continued) (b) Credit risk (Continued) The Group uses two categories for non-trade receivables which reflect their credit risk and how the loan loss provision is determined for each of the categories. In calculating the expected credit loss rates, the Group considers historical loss rates for each category and adjusts for forward looking data. Category Definition Loss provision 類別 釋義 虧損撥備 Performing Low risk of default and strong capacity to pay 12 month expected losses 正常 違約風險低且付款能力強 12個月預期虧損 Non-performing Significant increase in credit risk Lifetime expected losses 不良 信貸風險大幅增加 存續期預期虧損 (c) Liquidity risk The Group’s policy is to regularly monitor current and expected liquidity requirements to ensure that it maintains sufficient reserves of cash to meet its liquidity requirements in the short and longer term. All of the Group ’s financial liabilities are due within one year.
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120 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 5. 財務風險管理（續） (c) 流動資金風險（續） 本集團金融負債的到期日分析如下： (d) 利率風險 本集團的銀行存款及銀行借款按固 定利率計息 ， 因此承受公平值利率風 險。 (e) 公平值 本集團於綜合財務狀況表反映的金 融資產及金融負債賬面值與其各自 的公平值相若 。 5. FINANCIAL RISK MANAGEMENT (Continued) (c) Liquidity risk (Continued) The maturity analysis of the Group ’s financial liabilities is as follows: Carrying amounts T otal contractual undiscounted cash flow 賬面值 合約未貼現 現金流量總額 T otal Less than 1 year 合計 少於1年 RMB’000 RMB’000 人民幣千元 人民幣千元 31 December 2024 二零二四年十二月三十一日 Trade and bills payables 貿易應付款項及應付票據 203,193 203,193 Other payables and accruals 其他應付款項及應計費用 88,325 88,325 Bank loans 銀行貸款 85,000 87 ,975 376,518 379,493 31 December 2023 二零二三年十二月三十一日 Trade and bills payables 貿易應付款項及應付票據 195,040 195,040 Other payables and accruals 其他應付款項及應計費用 78,684 78,684 Bank loans 銀行貸款 89,502 92,453 363,226 366,177 (d) Interest rate risk The Group’s bank deposits and bank borrowings bear interests at fixed interest rates and therefore are subject to fair value interest rate risks. (e) Fair values The carrying amounts of the Group ’s financial assets and financial liabilities as reflected in the consolidated statement of financial position approximate their respective fair values.
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121 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 5. 財務風險管理（續） (f) 按類別劃分的金融工具 本集團各類別金融工具於報告期末 的賬面值如下： 6. 公平值計量 公平值指於計量日期市場參與者之間進行 的有序交易中 ， 就出售資產所收取或轉讓 負債所支付之價格 。 在以下公平值計量披 露所使用公平值層級中 ， 用於計量公平值 的估值技術輸入數據被劃分為三個等級： 第一級輸入數據： 本集團可於計量日期 取得之相同資產或負 債於活躍市場之報價 （未經調整） 。 第二級輸入數據： 除第一級包括之報價 外 ， 資產或負債可直 接或間接觀察之輸入 數 據。 第三級輸入數據： 資產或負債之不可觀 察輸入數據 。 5. FINANCIAL RISK MANAGEMENT (Continued) (f) Financial instruments by category The carrying amounts of each of the category of the Group ’s financial instruments at the end of the reporting period are as follows: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Financial assets 金融資產 Investments at fair value through profit or loss (mandatorily measured) 按公平值計入損益的投資 （強制計量） – 5,448 Financial assets at amortised cost (including cash and cash equivalents) 按攤銷成本計算的 金融資產 （包括現金及 現金等價物） 1,308,452 1,043,597 Financial liabilities 金融負債 Financial liabilities at amortised cost 按攤銷成本計算的 金融負債 376,518 363,226 6. FAIR VALUE MEASUREMENTS Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following disclosures of fair value measurements use a fair value hierarchy that categorises into three levels the inputs to valuation techniques used to measure fair value: Level 1 inputs: quoted prices (unadjusted) in active markets for identical assets or liabilities that the Group can access at the measurement date. Level 2 inputs: inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs: unobservable inputs for the asset or liability.
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122 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 6. 公平值計量（續） 本集團的政策為於事項發生或狀況改變而 引起的轉移當日 ， 確認自三個層級中的任 何一個層級的轉入及轉出 。 (a) 於報告期末之公平值層級披露 。 7. 收益 本集團的收益指本年度安裝及銷售環保污 染防治設備及電子產品的環保設備銷售； 銷售材料的發票價值及所提供服務的價 值。 6 . FAIR VALUE MEASUREMENTS (Continued) The Group ’s policy is to recognise transfers into and transfers out of any of the three levels as of the date of the event or change in circumstances that caused the transfer. (a) Disclosures of level in fair value hierarchy at the end of reporting period. Fair value measurements using: T otal 使用以下輸入數據之公平值計量： 總計 Description Level 1 Level 2 Level 3 2024 概述 第一級 第二級 第三級 二零二四年 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 Recurring fair value measurements: 經常性公平值計量： Investments at fair value through profit or loss 按公平值計入損益的投資 Derivatives – Ferrous metal future contract 衍生－有色金屬期貨合約 5,448 – – 5,448 7 . REVENUE The Group’s revenue represents sales of environmental protection equipment for installation and sales of environmental pollution prevention equipment and electronic products; the invoiced value of materials sold and the value of services rendered during the year. 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Revenue 收益 Sales of environmental protection equipment 銷售環保設備 737 ,143 607 ,348 Sales of materials 銷售材料 7 ,705 12,781 Rendering of services 提供服務 94 5 744,942 620,134
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123 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 7. 收益（續） 分拆銷售環保設備的收益： 7 . REVENUE (Continued) Disaggregation of revenue from sales of environmental protection equipment: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Geographical markets 地區市場 Mainland China 中國內地 737 ,089 594,514 Other countries 其他國家 54 12,834 Total 總計 737 ,143 607 ,348 Major products 主要產品 Electrostatic precipitator 靜電除塵器 633,089 436,146 Bag filter precipitator 袋式除塵器 69,486 39,668 SO2 and NOx emission reduction (desulfurisation and denitrification devices) 減少二氧化硫及氮氧化物 排放 （脫硫及脫硝裝置） 31,107 95,110 Others (e.g. Pneumatic ash conveying system) 其他 （如氣力輸灰系統） 3,461 36,424 Total 總計 737 ,143 607 ,348 Timing of revenue recognition 收益確認的時間 At a point in time 在某一時間點 – Sales of environmental protection equipment －銷售環保設備 737 ,143 607 ,348 – Sale of materials －銷售材料 7 ,705 12,781 – Rendering of services －提供服務 94 5 Total 總計 744,942 620,134
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124 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 7. 收益（續） 銷售環保設備 本集團製造及向客戶銷售及安裝環保污染 防治設備 。 客戶根據合同訂明的付款時間 表於一個月內向本集團支付合同價格 。 當 產品及服務的控制權已轉移時 （即產品交 付予客戶時） 確認銷售 。 倘本集團所提供的 服務超出付款 ， 將會確認合同資產 。 倘付 款超出所提供的服務 ， 則會確認合同負債 。 倘合同包括安裝硬件 ， 硬件的收益於硬件 交付之時且合法所有權已轉移以及客戶已 接納硬件之時確認 。 合同價格按履約責任的相關獨立售價分配 至履約責任 。 獨立售價乃應用預期成本加 利潤方法釐定 。 銷售材料 本集團向客戶銷售材料 。 產品金額須於一 個月內償還 。 在產品的控制權已轉讓 （即產 品交付予客戶之時） ， 且概無可能影響客戶 接受產品的未履行責任及客戶已獲取產品 的合法所有權時 ， 確認銷售 。 當產品交付予客戶後 ， 並從那一刻開始 ， 可以無條件收到代價 （僅到期付款前的時 間流逝除外） ， 便可確認為應收款項 。 7 . REVENUE (Continued) Sales of Environmental protection equipment The Group manufactures, sells and installs environmental pollution prevention equipment to the customers. The customers pay the contract prices to the Group according to the payment schedules as stipulated in the contracts within one month. Sales are recognised when control of the products and services have transferred, being when the products are delivered to a customer. If the service rendered by the Group exceeds the payments, a contract asset is recognised. If the payments exceed the service rendered, a contract liability is recognised. If a contract includes the installation of hardware, revenue for the hardware is recognised at a point in time when the hardware is delivered, the legal title has passed and the customer has accepted the hardware. The contract price is allocated to the performance obligations based on the relative stand-alone selling prices of the performance obligations. The stand-alone selling prices are determined by applying the expected cost plus a margin approach. Sales of materials The Group sells the materials to the customers. The products amount is repayable within one month. Sales are recognised when control of the products has transferred, being when the products are delivered to a customer, there is no unfulfilled obligation that could affect the customer ’s acceptance of the products and the customer has obtained legal titles to the products. A receivable is recognised when the products are delivered to the customers as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.
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125 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 8. 其他收入 9. 分部資料 本集團於本年度的收益主要來自安裝及銷 售環保污染防治設備及電子產品的環保設 備合約收益；銷售貨品的發票價值及所提 供服務的價值 。 本集團產品面臨的風險及 所得回報相似 ， 因此 ， 本集團僅有一個業 務分部 。 地區資料 呈列地區資料時 ， 收益乃以客戶所在 地為基礎 。 8. OTHER INCOME 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Bank interest income 銀行利息收入 1,840 1,397 Government grants 政府補助 8,290 8,803 Waiver of insurance service 放棄保險服務 – 5,222 Waiver of account payable 放棄應付賬款 423 3,547 Additional deduction on value-added tax 增值稅的額外扣減 824 – Litigation claim for account receivables 應收賬款的訴訟申索 4,282 – Gain on disposal of investments at fair value through profit or loss 出售按公平值計入損益的 投資之收益 174 – Reversal of impairment loss on bills receivables 應收票據的減值虧損撥回 2,081 911 Gain on disposal of property, plant and equipment 出售物業 、 廠房及設備之 收益 – 784 Others 其他 313 342 18,227 21,006 9. SEGMENT INFORMATION The Group ’s revenue during the year was mainly derived from environmental protection equipment contract revenue for installation and sale of environmental pollution prevention equipment and electronic products; the invoiced value of goods sold and the value of services rendered. The products of the Group are subject to similar risks and returns and, therefore, the Group has only one business segment. Geographical information Revenue Non-current assets (Excluded deferred tax assets) 收益 非流動資產 （不包括遞延稅項資 �） 2024 2023 2024 2023 二零二四年 二零二三年 二零二四年 二零二三年 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 Mainland China 中國內地 744,888 607 ,159 216,094 233,488 Other countries 其他國家 54 12,975 – – Consolidated total 合併總計 744,942 620,134 216,094 233,488 In presenting the geographical information, revenue is based on the locations of the customers.
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126 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 9. 分部資料（續） 來自主要客戶的收益： * 客戶並無佔本集團本年度及二零二三年同期綜 合收益總額 10%以 上。 10. 融資成本 融資成本的分析如下： 9. SEGMENT INFORMATION (Continued) Revenue from major customers: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Customer A 客戶A 115,487 N/A不適用* Customer B 客戶B 112,372 N/A不適用* Customer C 客戶C 111,292 N/A不適用* Customer D 客戶D N/A不適用* 118,558 Customer E 客戶E N/A不適用* 84,867 Customer F 客戶F N/A不適用* 65,857 * Customer did not contribute more than 10% of the total consolidated revenue of the Group for the Y ear and for the corresponding period of 2023. 10. FINANCE COSTS An analysis of finance costs is as follows: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Interest on bank loans 銀行貸款的利息 3,340 2,254 Charge on letter of guarantee 擔保函 手續費 5,622 7,638 8,962 9,892
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127 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 11. 所得稅開支 由於本集團於呈報年度在香港並無應課稅 溢利 ， 故無須香港利得稅撥備 。 按法定稅率計算適用於稅前溢利的稅項開 支與按實際稅率計算的稅項開支的對賬如 下： 11. INCOME TAX EXPENSES 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 PRC Enterprise Income Tax for the year 年內中國企業所得稅 32,890 24,532 PRC Enterprise Income Tax over provision prior year 前一年度的中國企業 所得稅超額撥備 (692) – Deferred tax (note 30) 遞延稅項 （附註30） (8,942) (6,188) 23,256 18,344 No provision for Hong Kong profits tax was required since the group has no assessable profit in Hong Kong for the years presented. A reconciliation of the tax expenses applicable to profit before tax at the statutory rate to the tax expenses at the effective tax rate is as follows: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Profit before tax 稅前溢利 107 ,893 61,051 Tax at the statutory tax rate of 25% 按法定稅率 25%計算 的稅項 26,973 15,263 Additional deduction on research and development expenses 研發開支額外扣減 (2,437) (2,906) Tax effect of non-deductible expenses 不可扣減開支的稅務影響 1,093 5,987 Prior year over-provision tax 前一年度的超額撥備稅項 (692) – Tax losses for which no deferred tax asset was recognised 並無確認遞延稅項資產的 稅項虧損 (1,681) – Income tax for the year 本年度所得稅 23,256 18,344
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128 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 12. 年內溢利 本集團的年內溢利經扣除╱ （計入） 以下各 項後達致： 12. PROFIT FOR THE YEAR The Group’s profit for the year is stated after charging/ (crediting) the following: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Auditor’s remuneration 核數師酬金 1,296 1,260 Cost of inventories sold 所售出存貨的成本 526,767 479,315 Depreciation on property, plant and equipment 物業 、 廠房及 設備折舊 3,895 3,192 Depreciation on right-of-use assets 使用權資產折舊 315 170 Depreciation on investment properties 投資物業折舊 1,171 331 Amortisation of intangible assets 無形資產攤銷 294 298 Impairment loss on trade receivables 貿易應收款項減值虧損 18,242 6,872 Reversal of impairment loss on bills receivables 應收票據減值虧損撥回 (2,081) (911) Reversal of impairment loss on other receivables 其他應收款項減值虧損 撥回 (212) (388) Changes in investments at fair value through profit or loss 按公平值計入損益的 投資變動 – 342 (Gain)/loss on disposal of investments at fair value through profit or loss 出售按公平值計入損益的 投資的 （收益） ╱虧損 (174) 324 Loss/(gain) on disposal of property, plant and equipment 出售物業 、 廠房及 設備虧損╱（��） 3,223 (784) Research and development expenditure 研發開支 25,376 11,623 Staff costs (including directors’ remuneration – note 13): 員工成本 （包括董事酬金 －附註13）： Wages and Salaries 工資及薪金 49,228 42,015 Retirement benefits scheme contribution 退休福利計劃供款 7 ,158 5,642 Staff welfare expenses 員工福利開支 3,594 6,080 59,980 53,737
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129 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 13. 董事及五名最高薪酬人士酬金 各董事的酬金如下： 13. DIRECTORS ’ AND FIVE HIGHEST PAID INDIVIDUAL EMOLUMENTS The emoluments of each Director were as follows: Fees Salaries and other benefits Retirement benefits scheme contributions T otal 袍金 薪金及 其他福利 退休福利 計劃供款 總計 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 Executive Directors 執行董事 Bian Yu 邊宇 – 447 136 583 Zhang Yuanyuan 章袁遠 – 285 79 364 Bian Shu 邊姝 – 287 74 361 Non-Executive Directors 非執行董事 Yu Ji (appointed on 29 December 2023) 余吉 （於二零二三年 十二月二十九日 獲委任） – – – – Chen Jiancheng 陳建誠 – 210 – 210 Zhu Xianbo 祝賢波 – 300 38 338 Independent Non-Executive Directors 獨立非執行董事 Fung Kui Kei 馮鉅基 – 172 – 172 Li Jiannan 酈建楠 – 60 – 60 Wang Feng (appointed on 17 October 2023) 汪峰 （於二零二三年 十月十七日獲委任） – 60 – 60 Supervisors 監事 Xu Jiajuan 徐佳娟 – 206 29 235 Fu Jun 傅均 – 60 – 60 Fang Zhiguo 方治國 – 60 – 60 Total for the year ended 31 December 2024 截至二零二四年十二月 三十一日止年度總計 – 2,147 356 2,503
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130 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 13. 董事及五名最高薪酬人士酬金 （續） 13. DIRECTORS ’ AND FIVE HIGHEST PAID INDIVIDUAL EMOLUMENTS (Continued) Fees Salaries and other benefits Retirement benefits scheme contributions Total 袍金 薪金及 其他福利 退休福利 計劃供款 總計 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 Executive Directors 執行董事 Bian Yu 邊宇 – 447 63 510 Zhang Yuanyuan 章袁遠 – 120 – 120 Bian Shu 邊姝 – 287 63 350 Non-Executive Directors 非執行董事 Lan Lei (resigned on 29 December 2023) 蘭磊 （於二零二三年 十二月二十九日 辭任） – – – – Yu Ji (appointed on 29 December 2023) 余吉 （於二零二三年 十二月二十九日 獲委任） – – – – Chen Jiancheng 陳建誠 – 213 51 264 Zhu Xianbo 祝賢波 – 232 34 266 Independent Non-Executive Directors 獨立非執行董事 Zhang Bing (resigned on 17 October 2023) 張炳 （於二零二三年 十月十七日辭任） – 50 – 50 Fung Kui Kei 馮鉅基 – 173 – 173 Li Jiannan 酈建楠 – 60 – 60 Wang Feng (appointed on 17 October 2023) 汪峰 （於二零二三年 十月十七日獲委任） – 10 – 10 Supervisors 監事 Xu Jiajuan 徐佳娟 – 266 25 291 Fu Jun 傅均 – 60 – 60 Fang Zhiguo 方治國 – 60 – 60 Total for the year ended 31 December 2023 截至二零二三年十二月 三十一日止年度總計 – 1,978 236 2,214
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131 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 13. 董事及五名最高薪酬人士酬金 （續） 本年度 ， 五名最高薪酬僱員中包括三名董事 （二零二 三年：兩名董事） ， 其薪酬詳情載 於上文資料 。 本年度 ， 其餘兩名 （二零二三 年：三名） 非董事最高薪酬僱員的薪酬詳情 如下： 薪酬介乎下列範圍內的非董事最高薪酬僱 員的數目如下： 於截至二零二四年及二零二三年十二月 三十一日止年度 ， 除上文所披露者外 ， 本 集團概無向五名最高薪酬人士及董事支付 任何酬金 ， 作為促使其加入本集團的獎勵 或作為其離職的賠償 。 此外 ， 於截至二零 二四年及二零二三年十二月三十一日止年 度 ， 概無董事放棄任何酬金 。 本集團按照員工就業地的相關法律法規提 供退休福利 。 本集團為其位於香港的僱員 參加強制性公積金退休福利計劃 ， 根據該 計劃的規則 ， 本集團根據僱員基本工資的 一定百分比作出供款 。 沒收供款不得用於 降低現有的供款水平 。 13. DIRECTORS ’ AND FIVE HIGHEST PAID INDIVIDUAL EMOLUMENTS (Continued) The five highest paid employees during the year included three directors (2023: two directors), details of whose remuneration are set out in information above. Details of the remuneration of the remaining two (2023: three) non-directors, highest paid employees for the year are as follows: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Salaries and other benefits 薪金及其他福利 785 1,130 Retirement benefits scheme contributions 退休福利計劃供款 88 107 873 1,237 The number of non-directors, highest paid employees whose remuneration fell within the following bands is as follows: Number of employees 僱員數目 2024 2023 二零二四年 二零二三年 Emolument band: 酬金範圍： HK$nil – HK$1,000,000 零港元至 1,000,000 港元 2 3 During the years ended 31 December 2024 and 2023, no emoluments were paid by the Group to the five highest paid individuals, and directors, as an inducement to join the Group or as compensation for loss of office other than those disclosed above. In addition, during the years ended 31 December 2024 and 2023, no directors waived any emoluments. The Group provides retirement benefits in accordance with the relevant laws and regulations in the place where the staff is employed. The Group participates in the Mandatory Provident Fund retirement benefit scheme for its employees located in Hong Kong, under which contributions are made based on a percentage of the employee’s basic salary according to the rules of the scheme. Forfeited contributions may not be used to reduce the existing level of contributions.
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132 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 14. 股息 董事不建議派發截至二零二四年十二月 三十一日止年度任何股息 （二零二三年： 零 ）。 15. 每股盈利 每股基本盈利 本公司擁有人應佔每股基本盈利乃按本 公司擁有人應佔本年度溢利約人民幣 84,637 ,000元 （二零二三年：42,707 ,000元） 以及本年度已發行普通股的加權平均數 135,000,000股 （二零二三年：135,000,000 股 ）計 算 。 每股攤薄盈利 截至二零二四年及二零二三年十二月 三十一日止兩個年度 ， 由於本公司並無任 何具潛在攤薄效應的普通股 ， 故未呈列每 股攤薄盈利 。 14. DIVIDENDS The Directors do not recommend the payment of any dividend for the year ended 31 December 2024 (2023: Nil). 15. EARNINGS PER SHARE Basic earnings per share The calculation of basic earnings per share attributable to owners of the Company is based on the profit for the year of approximately RMB84,637 ,000 (2023: RMB42,707 ,000) attributable to owners of the Company and the weighted average number of 135,000,000 (2023: 135,000,000) ordinary shares in issue during the year. Diluted earnings per share No diluted earnings per share is presented as the Company did not have any dilutive potential ordinary shares during the two years ended 31 December 2024 and 2023.
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133 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 16. 物業 、 廠房及設備 於二零二四年十二月三十一日 ， 本集團賬 面值總額約為人民幣 28,992,000元（ 二 零 二三年：人民幣 30,492,000元） 的若干樓宇 已質押 ， 以就本集團獲授的銀行貸款融資 提供抵押 （附註29）。 16. PROPERTY, PLANT AND EQUIPMENT Construction in progress Buildings Plant and machinery Motor vehicles Office equipment T otal 在建工程 樓宇 廠房及機器 汽車 辦公室設備 總計 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 Cost 成本 At 1 January 2023 於二零二三年一月一日 – 11,837 31,322 1,299 1,799 46,257 Additions 添置 6,973 31,111 1,933 572 59 40,648 Disposal 出售 – – (5,701) (538) – (6,239) At 31 December 2023 and 1 January 2024 於二零二三年十二月三十一日及 二零二四年一月一日 6,973 42,948 27 ,554 1,333 1,858 80,666 Additions 添置 981 – 60 921 30 1,992 Disposal 出售 – – (5,391) (190) – (5,581) At 31 December 2024 於二零二四年十二月三十一日 7 ,954 42,948 22,223 2,064 1,888 77 ,077 Accumulated depreciation and impairment 累計折舊及減值 At 1 January 2023 於二零二三年一月一日 – 10,420 5,219 1,017 1,638 18,294 Charge for the year 本年度支出 – 1,187 1,7 42 202 61 3,192 Disposal 出售 – – (4,178) (414) – (4,592) At 31 December 2023 and 1 January 2024 於二零二三年十二月三十一日及 二零二四年一月一日 – 11,607 2,783 805 1,699 16,894 Charge for the year 本年度支出 – 2,041 1,444 356 54 3,895 Disposal 出售 – – (1,173) (34) – (1,207) At 31 December 2024 於二零二四年十二月三十一日 – 13,648 3,054 1,127 1,753 19,582 Carrying amount 賬面值 At 31 December 2024 於二零二四年十二月三十一日 7 ,954 29,300 19,169 937 135 57 ,495 At 31 December 2023 於二零二三年十二月三十一日 6,973 31,341 24,771 528 159 63,772 As at 31 December 2024, certain Group’s buildings with a carrying amount of approximately RMB28,992,000 (2023: RMB30,492,000) were pledged to secure bank loan facilities granted to the Group (note 29).
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134 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 1 7. 使用權資產 與租賃相關的項目披露： 於二零二四年十二月三十一日 ， 本集團賬 面值總額為人民幣 14,090,000元 （二零二三 年：人民幣14,381,000元） 的土地使用權已 質押 ， 以就本集團獲授的銀行貸款融資提 供抵押 （附註29）。 17 . RIGHT -OF-USE ASSETS Disclosures of lease-related items: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 At 31 December: 於十二月三十一日： Right-of-use assets 使用權資產 – Land use rights －土地使用權 15,063 15,378 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Y ear ended 31 December: 截至十二月三十一日 止年度： Depreciation charge of right-of-use assets 使用權資產折舊開支 – Land use rights －土地使用權 315 170 Addition to right-of-use assets 使用權資產添置 – 14,528 As at 31 December 2024, the Group ’s land use rights with an aggregate carrying amount of RMB14,090,000 (2023: RMB14,381,000) were pledged to secure bank loan facilities granted to the Group (note 29).
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135 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 18. 無形資產 19. 於聯營公司之投資 18. INTANGIBLE ASSETS Patent Software T otal 專利 軟件 總計 Cost 成本 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 At 1 January 2023, 31 December 2023, 1 January 2024 and 31 December 2024 於二零二三年一月一日 、 二零二三年十二月三十一日 、 二零二四年一月一日及 二零二四年十二月三十一日 110 2,079 2,189 Accumulated amortisation and impairment loss 累計攤銷及減值虧損 At 1 January 2023 於二零二三年一月一日 109 1,488 1,597 Amortisation for the year 本年度攤銷 1 297 298 At 31 December 2023 and 1 January 2024 於二零二三年十二月三十一日及 二零二四年一月一日 110 1,785 1,895 Amortisation for the year 本年度攤銷 – 294 294 At 31 December 2024 於二零二四年十二月三十一日 110 2,079 2,189 Carrying amount 賬面值 At 31 December 2024 於二零二四年十二月三十一日 – – – At 31 December 2023 於二零二三年十二月三十一日 – 294 294 19. INVESTMENT IN ASSOCIATES 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Unlisted investments: 非上市投資： Share of net assets 應佔資產淨值 102,850 112,696 Goodwill 商譽 5,511 5,511 108,361 118,207
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136 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 19. 於聯營公司之投資（續） 下表列示對本集團重要的聯營公司之資 料 。 該等聯營公司乃採用權益法於綜合財 務報表入賬 。 所呈列財務資料概要乃基於 該等聯營公司的香港財務報告準則財務報 表編製 。 19. INVESTMENT IN ASSOCIATES (Continued) The following table shows information of associates that are material to the Group. The associates are accounted for in the consolidated financial statements using the equity method. The summarised financial information presented is based on the HKFRS financial statements of the associates. Name Zhejiang Tianjie Magnetic Materials Co., Limited Inner Mongolia Guodian Hejie Wind Energy Co., Limited 名稱 浙江天潔磁性材料股份有限公司 內蒙古國電和潔風能有限公司 Principal place of business/ country of incorporation PRC PRC 主要營業地點 /註冊成立國家 中國 中國 Principal activity Manufacturing and sale of machineries and spare parts, sale of steel, building materials and other chemical products and scrap metals recycling and construction Construction and operation of wind farms, provision of operation maintenance and consultancy services for wind farms in the PRC 主要業務 製造及銷售機器及備件 、 銷售鋼材 、 建築材料及其他化學 產品 、 廢金屬再生和建設 於中國興建及運營風電場 ， 為風電場提供運營維護 及諮詢服務 % of ownership interests 45% 45% 49% 49% 擁有權百分比 45% 45% 49% 49% 2024 2023 2024 2023 二零二四年 二零二三年 二零二四年 二零二三年 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 As 31 December: 於十二月三十一日： Non-current assets 非流動資產 418,421 414,223 220,369 240,514 Current assets 流動資產 220,819 407 ,570 79,131 84,670 Non-current liabilities 非流動負債 (153,432) (89,637) (149,382) (175,511) Current liabilities 流動負債 (420,713) (644,697) – – Net asset 資產淨值 65,095 87 ,459 150,118 149,673 Group’s share of net asset 本集團應佔資產淨值 29,292 39,356 73,558 73,340 Goodwill 商譽 – – 5,511 5,511 Group’s share of carrying amount of interests 本集團應佔權益 賬面值 29,292 39,356 79,069 78,851 Y ear ended 31 December: 截至十二月三十一日 止年度： Revenue 收益 1,316,300 1,643,737 34,267 37 ,767 (Loss)/profit for the year 年內 （虧損）╱溢利 (22,364) (24,289) 445 1,794 Other comprehensive (loss)/ income 其他全面 （虧損）╱ 收益 – – – – Total comprehensive (loss)/ income 全面 （虧損）╱收益 總額 (22,364) (24,289) 445 1,794 Dividends received from associates 已收聯營公司股息 – – – –
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137 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 19. 於聯營公司之投資（續） 內蒙古國電和潔風能有限公司為本集團一 項戰略投資 ， 可為其電力業務提供獲取新 技術及工藝的途徑 。 浙江天潔磁性材料股份有限公司為本集團 的一項戰略性投資 ， 為本公司提供投資機 會 ， 以通過進入中國新材料市場實現業務 組合多元化 。 於二零二四 年十二月三十一日 ， 本集團的 中國聯營公司以人民幣 （ 「人民幣」 ） 計值的 銀行及現金結餘為人民幣 60,227 ,000元（ 二 零二三年：人民幣 62,494,000元） 。 將人民 幣兌換為外幣須遵守中國 《外匯管理條例》 的規定 。 20. 投資物業 19. INVESTMENT IN ASSOCIATES (Continued) Inner Mongolia Guodian Hejie Wind Energy Co., Limited is a strategic investment of the Group, providing access to new technology and processes for its power business. Zhejiang Tianjie Magnetic Materials Co., Limited is a strategic investment of the Group, providing an investment opportunity for the Company to diversify its business portfolio by entering into the new materials market in the PRC. As at 31 December 2024, the bank and cash balances of the Group ’s associates in the PRC denominated in Renminbi ( “RMB”) amounted to RMB60,227 ,000 (2023: RMB62,494,000). Conversion of RMB into foreign currencies is subject to the PRC ’s Foreign Exchange Control Regulations. 20. INVESTMENTS PROPERTIES RMB’000 人民幣千元 Cost 成本 At 1 January 2023 於二零二三年一月一日 – Addition 添置 36,168 At 31 December 2023 and 1 January 2024 於二零二三年十二月三十一日及 二零二四年一月一日 36,168 Addition 添置 509 At 31 December 2024 於二零二四年十二月三十一日 36,677 Accumulated depreciation and impairment 累計折舊及減值 At 1 January 2023 於二零二三年一月一日 – Charge for the year 本年度支出 331 At 31 December 2023 and 1 January 2024 於二零二三年十二月三十一日及 二零二四年一月一日 331 Charge for the year 本年度支出 1,171 At 31 December 2024 於二零二四年十二月三十一日 1,502 Carrying amount 賬面值 At 31 December 2024 於二零二四年十二月三十一日 35,175 At 31 December 2023 於二零二 三年十二月三十一日 35,837
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138 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 20. 投資物業（續） 本集團於 二零二四 年十二月三十一日的投 資物業公平值為 人民幣40,352,000元（二零 二三年：人民幣 37 ,776,000元）。 公平值乃 按本集團管理層進行的估值達至 。 公平值乃根據市場可比方法釐定 ， 其中評 估了所有物業單位的每平方米價格 。 每平 方米的市場價格參考該物業的待售單位以 及附近其他類似物業的價格予以評估 。 在估計物業的公平值時 ， 物業的最高及最 佳用途乃其當前用途 。 截至報告期末 ， 本集團投資物業的詳情及 公平值結構信息如下： 上述投資物業每年按下列比率按直線折 舊： 租賃土地╱租賃物業 租期內 本集團不以經營租約方式出租若干投資物 業。 20. INVESTMENTS PROPERTIES (Continued) The fair value of the Group ’s investment properties at 31 December 2024 is RMB40,352,000 (2023: RMB37 ,776,000). The fair value has been arrived at based on a valuation carried out by Group ’s management. The fair value was determined based on the market comparable approach, where the price per square metre of all units of the properties are assessed. The market price per square metre are assessed by reference to the price achieved in the for-sale units of the properties as well as other similar properties in the neighbourhood. In estimating the fair value of the properties, the highest and best use of the properties is their current use. Details of the Group ’s investment properties and information about the fair value hierarchy as at the end of the reporting period are as follows: 2024 2023 二零二四年 二零二 三年 Carrying amount Fair value at Level 2 hierarchy Carrying amount Fair value at Level 2 hierarchy 賬面值 第二級公平值 賬面值 第二級公平值 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 Residential properties units located in PRC 位於中國的住宅物業 單位 6,669 8,739 6,261 7 ,933 Commercial properties with leasehold land located in PRC 在中國擁有租賃土地 的商業物業 28,506 31,613 29,576 29,843 35,175 40,352 35,837 37 ,776 The above investment properties are depreciated on a straight-line basis at the following rates per annum: Leasehold lands/ leased properties Over the term of the lease The Group does not lease out certain of its investment properties under operating leases.
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139 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 21. 按公平值計入損益的投資 22. 存貨 23. 貿易應收款項及應收票據 貿易應收款項為免息及信用期一般為一個 月 。 本集團尋求對其未收回應收款項維持 嚴格的控制 。 已逾期結餘由高級管理層定 期檢討 。 本集團並無就其貿易應收款項結 餘持有任何抵押品或其他信用增強措施 。 21 . INVESTMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Ferrous metal future contract, at fair value – current assets 黑色金屬期貨合約 ， 按公平 值計量—流動資產 – 5,448 22. INVENTORIES 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Raw materials 原材料 18,380 11,798 Work in progress 在製品 2,198 7 ,814 Finished goods 製成品 346,198 355,250 366,776 37 4,862 23. TRADE AND BILLS RECEIVABLES 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Trade receivables 貿易應收款項 700,281 647 ,915 Less: provision for loss allowance 減：虧損撥備 (156,049) (143,043) 544,232 504,872 Bills receivable 應收票據 42,344 57 ,207 Less: provision for loss allowance 減：虧損撥備 – (2,081) 586,576 559,998 Trade receivables are non-interest-bearing and the credit term is generally one month. The Group seeks to maintain strict control over its outstanding receivables. Overdue balances are reviewed regularly by senior management. The Group does not hold any collateral or other credit enhancements over its trade receivable balances.
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140 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 23. TRADE AND BILLS RECEIVABLES (Continued) The Group’s bills receivable are all due within one year. As at 31 December 2024, the Group ’s bills receivable of approximately RMB14,101,000 (2023: approximately RMB8,432,000) were pledged to secure the Group ’s bills payable (note 27). The aging analysis of the trade receivables, based on the invoice date and net of allowance, is as follows: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Within 1 year 1年內 301,171 222,172 1 to 2 years 1至2年 94,442 124,383 2 to 3 years 2至3年 46,236 81,566 3 to 4 years 3至4年 102,383 76,751 544,232 504,872 Reconciliation of loss allowance for trade receivables: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 At 1 January 於一月一日 143,043 136,416 Written off the loss allowance for the year 年內虧損撥備撇銷 (5,236) (245) Increase in loss allowance for the year 年內虧損撥備增加 18,242 6,872 At 31 December 於十二月三十一日 156,049 143,043 23. 貿易應收款項及應收票據 （續） 本集團所有應收票據均於一年內到期 。 於 二零二四年十二月三十一日 ， 本集團約人 民幣14,101,000元 （二零二三年：約人民幣 8,432,000元） 的應收票據已質押 ， 以為本 集團的應付票據提供抵押 （附註27）。 貿易應收款項 （扣除撥備） 基於發票日期的 賬齡分析如下： 貿易應收款項虧損撥備對賬：
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141 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 23. 貿易應收款項及應收票據 （續） 應收票據虧損撥備對賬： 本集團應用香港財務報告準則第 9號「 金 融 工具」 項下的簡化方法就所有貿易應收款 項使用存續期預期虧損撥備計算預期信貸 虧損撥備 。 為計量預期信貸虧損 ， 貿易應 收款項已根據共享的信貸風險特徵及賬齡 分組 。 預期信貸虧損亦包含前瞻性資料 。 23. TRADE AND BILLS RECEIVABLES (Continued) Reconciliation of loss allowance for bills receivables: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 At 1 January 於一月一日 2,081 2,992 Decrease in loss allowance for the year 年內虧損撥備減少 (2,081) (911) At 31 December 於十二月三十一日 – 2,081 The Group applies the simplified approach under HKFRS 9 “Financial Instrument ” to provide for expected credit losses using the lifetime expected loss provision for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the aging. The expected credit losses also incorporate forward looking information. Current 1 to 2 years 2 to 3 years Over 3 years T otal �期 1�2年 2�3年 3年以上 �� At 31 December 2024 於二零二四年十二月三十一日 Weighted average expected loss rate 加權平均預期虧損率 0% 12% 18% 56% 22% Receivable amount (RMB’000) 應收款項 （人民幣千元） 301,171 107 ,931 56,518 234,661 700,281 Loss allowance (RMB’000) 虧損撥備 （人民幣千元） – 13,489 10,282 132,278 156,049 At 31 December 2023 於二零二三年十二月三十一日 Weighted average expected loss rate 加權平均預期虧損率 0% 12% 17% 59% 22% Receivable amount (RMB’000) 應收款項 （人民幣千元） 222,172 140,629 98,861 186,253 647 ,915 Loss allowance (RMB’000) 虧損撥備 （人民幣千元） – 16,246 17 ,295 109,502 143,043
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142 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 23. 貿易應收款項及應收票據 （續） 於二零二四年十二月三十一日 ， 本集團向 其若干供應商背書由中國若干銀行接納的 若干應收票據 （ 「背書票據 」 ） ， 以結清應付 該等供應商的貿易應付款項 （ 「背書」）。 於 背書後 ， 本集團並無保留任何使用背書票 據的權利 ， 包括向任何其他第三方出售 、 轉讓或質押背書票據 。 根據 《中華人民共 和國票據法》 ， 倘中國的銀行違約 ， 則背書 票據的持有人對本集團具有追索權 （ 「持續 牽連事件 」 ） 。 於二零二四年十二月三十一 日 ， 本集團的背書票據的賬面值總額為約 人民幣73,010,000元 （二零二三年：約人民 幣67 ,586,000元） 。 董事認為 ， 於二零二四 年十二月三十一日 ， 本集團已轉讓與大型 及知名銀行接納的若干背書票據約人民 幣60,296,000元 （二零二三年：約人民幣 38,590,000元 ）（ 「終止確認票據 」 ） 有關的 絕大部分風險及回報 。 因此 ， 本集團已終 止確認該等終止確認票據的全部賬面值及 相關貿易應付款項 。 本集團於該等終止確 認票據中持續牽連事件的最大虧損風險以 及購回該等終止確認票據的未貼現現金 流量相等於其賬面值 。 董事認為 ， 本集團 於該等終止確認票據的持續牽連事件的 公平值不大 。 於二零二四年十二月三十一 日 ， 本集團繼續確認其餘背書票據的全部 賬面值及相關已結清貿易應付款項約人民 幣12,714,000元 （二零二三年：約人民幣 28,996,000元） ， 乃由於董事相信 ， 本集團 仍保留絕大部分風險及回報 ， 包括與該等 剩餘背書票據有關的違約風險 。 本年度 ， 本集團於轉讓終止確認票據當日 並無確認任何利得或虧損 （二零二三年： 無） 。 於本年度及累計年度 ， 概無任何利得 或虧損自持續牽連事件中確認 。 本年度均 勻作出背書 。 23. TRADE AND BILLS RECEIVABLES (Continued) As at 31 December 2024, the Group had endorsed certain bills receivable accepted by certain banks in the PRC (the “Endorsed Notes ”) to certain of its suppliers in order to settle the trade payables due to such suppliers (the “Endorsement ”). Subsequent to the Endorsement, the Group did not retain any rights on the use of the Endorsed Notes, including the sale, transfer or pledge of the Endorsed Notes to any other third parties. In accordance with the “Law of Negotiable Instruments ” in the PRC, the holders of the Endorsed Notes have a right of recourse against the Group if the PRC banks default (the “Continuing Involvement ”). The total carrying amount of the Endorsed Notes of the Group as at 31 December 2024 was approximately RMB73,010,000 (2023: approximately RMB67 ,586,000). In the opinion of the Directors, the Group has transferred substantially all the risks and rewards relating to certain Endorsed Notes accepted by large and reputable banks (the “Derecognised Notes ”) with an amount of approximately RMB60,296,000 as at 31 December 2024 (2023: approximately RMB38,590,000). Accordingly, the Group has derecognised the full carrying amounts of these Derecognised Notes and the associated trade payables. The maximum exposure to loss from the Group ’s Continuing Involvement in these Derecognised Notes and the undiscounted cash flows to repurchase these Derecognised Notes is equal to their carrying amounts. In the opinion of the Directors, the fair values of the Group ’s Continuing Involvement in these Derecognised Notes are not significant. The Group continued to recognise the full carrying amount of the remaining Endorsed Notes and the associated trade payables settled with an amount of approximately RMB12,714,000 as at 31 December 2024 (2023: approximately RMB28,996,000), because the Directors believe that the Group has retained substantial risks and rewards, which include default risks relating to such remaining Endorsed Notes. During the year, the Group has not recognised any gain or loss (2023: Nil) on the date of transfer of the Derecognised Notes. No gains or losses were recognised from the Continuing Involvement, both during the year or cumulatively. The Endorsement has been made evenly throughout the year.
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143 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 24. 合同資產及負債 與收益相關的項目披露 24. CONTRACT ASSETS AND LIABILITIES Disclosures of revenue-related items As at 31 December As at 31 December As at 1 January 2024 2023 2023 於二零二四年 於二零二三年 於二零二三年 十二月三十一日 十二月三十一日 一月一日 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 Total contract assets 總合同資產 69,698 40,886 44,295 Total contract liabilities 總合同負債 683,591 542,933 354,675 Contract receivables (included in trade and bills receivables) 合同應收款項 （計入貿易應收 款項及應收票據） 586,576 559,998 700,899 Transaction prices allocated to performance obligation unsatisfied at end of year and expected to be recognised as revenue in: 分配至年末尚未完成的 履約責任並預期於下列 年度確認為收益的交易價格 ： – 2024 －二零二四年 – 1,016,584 – 2025 －二零二五年 801,443 769,375 – 2026 －二零二六年 872,456 680,100 – 2027 －二零二七年 1,288,192 – 2,962,091 2,466,059 Y ear ended 31 December 截至十二月三十一日止年度 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Revenue recognised in the year that was included in contract liabilities at beginning of year 年初計入合同負債並於 本年度確認的收益 293,099 166,051
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144 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 24. 合同資產及負債（續） 本年度合同資產及合同負債的重大 變動： 合同資產指本集團就向客戶轉讓產品或服 務而收取代價的權利 。 合同負債指本集團向客戶轉讓本集團已自 客戶收取代價 （或應收代價金額） 的產品或 服務的責任 。 25. 預付款項 、 按金及其他應收款項 附註： 應收控股公司款項為無抵押 、 免息及並無固定 還款條款 。 24. CONTRACT ASSETS AND LIABILITIES (Continued) Significant changes in contract assets and contract liabilities during the year: 2024 2024 2023 2023 二零二四年 二零二四年 二零二三年 二零二三年 Contract assets Contract liabilities Contract assets Contract liabilities 合同資產 合同負債 合同資產 合同負債 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 Increase due to operation in the year 因本年度營運而增加 78,223 435,173 50,476 360,380 Transfer of contract assets to receivables 轉撥合同資產至 應收款項 (49,411) – (53,885) – Transfer of contract liabilities to revenue 轉撥合同負債至收益 – (294,515) – (172,122) A contract asset represents the Group ’s right to consideration in exchange for products or services that the Group has transferred to a customer. A contract liability represents the Group ’s obligation to transfer products or services to a customer for which the Group has received consideration (or an amount of consideration is due) from the customer. 25. PREPA YMENT , DEPOSITS AND OTHER RECEIVABLES 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Other receivables 其他應收款項 40,707 29,357 Less: impairment losses 減：減值虧損 (2,596) (2,808) 38,111 26,549 Prepayments 預付款項 25,008 48,509 Due from holding company (note) 應收控股公司款項 （附註） 3,642 3,908 66,761 78,966 Note: The amount due from the holding company is unsecured, non- interest bearing and have no fixed repayment terms.
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145 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 25. 預付款項 、 按金及其他應收款項 （續） 其他應收款項減值 其他應收款項減值虧損的變動如下： 26. 銀行及現金結餘以及已抵押存 款 於報告期末 ， 本集團以人民幣計值的銀行 及現金結餘金額約人民幣 659,758,000元 （二零二三 年：人民幣453,020,000元 ）。 人 民幣兌換為外幣須遵守中國的 《外匯管理 條 例 》。 銀行已抵押存款已質押 ， 以為本集團發出 的應付票據提供抵押 。 銀行擔保為履約擔 保並就數個月至五年範圍內的不同期限作 出 ， 視乎合同的協議而定 ， 並按各自短期 定期存款的利率計息 。 銀行結餘及已抵押 存款乃存入近期無拖欠記錄的信譽卓著的 銀 行。 25. PREPA YMENT , DEPOSITS AND OTHER RECEIVABLES (Continued) Impairment of other receivables The movements in impairment losses of other receivables are as follows: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 At 1 January 於一月一日 2,808 3,284 Written off the loss allowance for the year 撇銷年內虧損備抵 – (88) Reversal of impairment loss on other receivables 其他應收款項減值虧損 撥回 (212) (388) At 31 December 於十二月三十一日 2,596 2,808 26. BANK AND CASH BALANCES AND PLEDGED DEPOSIT At the end of reporting period, the bank and cash balances of Group denominated in RMB amounted to approximately RMB659,758,000 (2023: RMB453,020,000). Conversion of RMB into foreign currencies is subject to the PRC ’s Foreign Exchange Control Regulations. Pledged deposit with banks have been placed as security for bills payables issued by the Group. Bank guarantees are performance guarantees and made for varying periods ranging from several months to five years depending on the agreement of the contract, and earn interest at the respective short term time deposit rates. The bank balances and pledged deposits are deposited with creditworthy banks with no recent history of default.
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146 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 2 7. 貿易應付款項及應付票據 應付票據由本集團的質押銀行存款人民幣 20,000,000元 （二零二三年：人民幣零元） 及應收票據人民幣 14,101,000元 （二零二三 年：人民幣8,432,000元） （附註23）擔 保 。 本集團參與一項供應鏈融資安排 (SCF)。根 據該安排 ， 銀行同意就本集團所欠參與供 應商的發票金額向其付款 ， 並於日後從本 集團獲得結算 。 該安排主要目的為促進高 效支付處理 ， 並使願意參與的供應商能於 發票到期日從銀行收到款項 。 該等應付票 據的條款為自貸款提取日按要求償還 。 實 際年利率為 18%。 於報告期末貿易應付款項基於發票日期的 賬齡分析如下： 27 . TRADE AND BILLS PA Y ABLES 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Trade payables 貿易應付款項 184,900 185,131 Bills payables 應付票據 18,293 9,909 203,193 195,040 Bills payables were secured by the Group ’s pledged bank deposit of RMB20,000,000 (2023: RMB nil) and bills receivables of RMB14,101,000 (2023: RMB8,432,000) (note 23). The Group participates in a supply chain financing arrangement (SCF). Under the arrangement, a bank agrees to pay amounts to a participating supplier in respect of invoices owed by the Group and receives settlement from the Group at a later date. The principal purpose of this arrangement is to facilitate efficient payment processing and enable the willing suppliers to receive payments from the bank at the invoice due date. The terms of these bills payables are repayable in demand from drawing of the loans. The effective interest rates per annum is 18%. An aging analysis of the trade payables at the end of the reporting period, based on the invoice date, is as follows: 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Within 1 year 1年內 129,603 137 ,082 1 to 2 years 1至2年 35,111 28,155 2 to 3 years 2至3年 11,855 12,203 Over 3 years 3年以上 8,331 7 ,691 184,900 185,131
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147 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 28. 其他應付款項及應計費用 29. 銀行貸款 於二零二四 年十二月三十一日 ， 本集團的 有抵押銀行貸款金額為人民幣 55,000,000 元（二零二三 年：人民幣55,000,000元 ）， 由本公司聯營公司內蒙古國電和潔風能 有限公司的股權 （賬目淨值總額為人民 幣79,069,000元（ 二零二三 年：人民幣 78,851,000元） ） 作抵押 。 於二零二四 年十二月三十一日 ， 本集團的 有抵押銀行貸款金額為人民幣 30,000,000 元 （二零二三年：人民幣30,000,000元 ）由 以下各項作抵押 ：(i)本集團位於中國內地的 樓宇 ， 賬面淨值總額為人民幣28,992,000元 （二零二三年：人民幣 30,492,000元） （附 註16）； 及(ii)本集團位於中國內地的土地使 用權 ， 賬面值總額為 人民幣 14,090,000元 （二零二三年：人民幣 14,381,000元） （附註 17）。於二零二三年 十二月三十一日 ，餘下 金額以公司擔保作抵押 。 保證金貸款以按 公平值計入損益的投資作抵押 。 於報告期末的實際年利率如下： 28. OTHER PA Y ABLES AND ACCRUALS 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Other payables 其他應付款項 88,325 78,684 29. BANK LOANS 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Bank loan – secured 銀行貸款－有抵押 85,000 85,000 Margin loan 保證金貸款 – 4,502 85,000 89,502 As at 31 December 2024, the secured bank loan of the Group amounting to RMB55,000,000 (2023: RMB55,000,000) were secured by equity interest in 內蒙古國電和潔風能有限公司 ， the associate of the Group which had an aggregate net carrying value of RMB79,069,000 (2023: RMB78,851,000). As at 31 December 2024, the secured bank loan of the Group amounting to RMB30,000,000 (2023: RMB30,000,000) were secured by (i) the Group ’s building situated in the Mainland China, which had an aggregate net carrying value of RMB28,992,000 (2023: RMB30,492,000) (note 16); and (ii) the Group ’s land use rights situated in Mainland China, which had an aggregate carrying amount of RMB14,090,000 (2023: RMB14,381,000) (note 17). As at 31 December 2023, the margin loan was secured by the investments at fair value through profit or loss. The effective interest rates per annum at the end of the reporting period were as follows: 2024 2023 二零二四年 二零二三年 Short-term bank loans: 短期銀行貸款： Fixed-rate 固定利率 3.00% – 4.50% 3.55% – 5.22%
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148 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 30. 遞延稅項 以下為本集團確認的遞延稅項資產詳情 。 31. 股本 30. DEFERRED TAX The following are the details of deferred tax assets recognised by the Group. Changes in investments at fair value through profit or loss Impairment of other receivables Impairment of trade and bills receivables Accruals T ax loss Unrealised profit in inventories T otal 按公平值 計入損益的 投資變動 其他應收 款項減值 貿易應收 款項及應收票 據減值 應計費用 稅項虧損 存貨的 未變現溢利 總計 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 At 1 January 2023 於二零二三年一月一日 – 822 34,851 1,724 1,844 4,637 43,878 – Credit/(debit) to consolidated statement of profit or loss －綜合損益表的貸項／ （借項） 86 (119) 1,429 406 (771) 5,157 6,188 At 31 December 2023 and 1 January 2024 於二零二三年十二月三十一日及 二零二四年一月一日 86 703 36,280 2,130 1,073 9,794 50,066 – Credit/(debit) to consolidated statement of profit or loss －綜合損益表的貸項／ （借項） (86) (53) 2,731 228 407 5,715 8,942 At 31 December 2024 於二零二四年十二月三十一日 – 650 39,011 2,358 1,480 15,509 59,008 31. SHARE CAPITAL 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Authorised: 135,000,000 ordinary shares of RMB1 .00 each 法定： 135,000,000股每股面值 人民幣1. 0 0元的普通股 135,000 135,000 Issued and fully paid: 135,000,000 ordinary shares of RMB1 .00 each 已發行及繳足： 135,000,000股每股面值 人民幣1. 0 0元的普通股 135,000 135,000
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149 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 31. 股本（續） 資本管理 本集團管理資本主要旨在保障本集團的持 續經營能力 ， 透過定價與風險水平相稱的 產品及服務 ， 以及按合理成本取得融資 ， 從而能夠繼續為股東提供回報並為其他權 益持有人帶來利益 。 本集團管理資本的目 標為保障本集團持續經營的能力及通過優 化債務及權益平衡使股東回報最大化 。 本集團根據經濟狀況變動管理及調整資本 結構 。 為維持或調整資本結構 ， 本集團或 會調整股息派付 、 發行新股份 、 購回股份 、 增加新債務 、 贖回現有債務或出售資產以 減少債務 。 32. 儲備 (a) 本集團的儲備金額及其變動於綜合 損益及其他全面收益表以及綜合權 益變動表中呈列 。 (b) 本公司儲備 31. SHARE CAPITAL (Continued) Capital management The Group’s primary objective when managing capital is to safeguard the Group ’s ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other stakeholders, by pricing products and services commensurately with the level of risk and by securing access to finance at a reasonable cost. The Group ’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern and to maximise the return to the shareholders through the optimisation of the debt and equity balance. The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Group may adjust the payment of dividends, issue new shares, buyback shares, raise new debts, redeem existing debts or sell assets to reduce debts. 32. RESERVES (a) The amounts of the Group ’s reserves and the movements therein are presented in the consolidated statement of profit or loss and other comprehensive income and consolidated statement of changes in equity. (b) Reserves of the Company Share premium Capital reserve Statutory surplus reserve Retained profits T otal 股份溢價 資本儲備 法定盈餘儲備 保留溢利 總計 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 At 1 January 2023 於二零二三年一月一日 239,064 3,303 48,429 399,131 689,927 Profit for the year 年內溢利 – – – 19,663 19,663 Dividend paid 已付利息 – – – (6,750) (6,750) Appropriation to statutory surplus reserve 劃撥至法定盈餘儲備 – – 1,966 (1,966) – At 31 December 2023 於二零二三年十二月三十一日 239,064 3,303 50,395 410,078 702,840 At 1 January 2024 於二零二四年一月一日 239,064 3,303 50,395 410,078 702,840 Profit for the year 年內溢利 – – – 1,936 1,936 Appropriation to statutory surplus reserve 劃撥至法定盈餘儲備 – – 194 (194) – At 31 December 2024 於二零二四年十二月三十一日 239,064 3,303 50,589 411,820 704,776
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150 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 32. 儲備（續） (c) 本集團儲備性質及目的 (i) 股份溢價 股份溢價乃指本公司股份面值 與自發行本公司股份收取之所 得款項兩者間之差額 。 (ii) 法定盈餘儲備 根據中國公司法及各實體的組 織章程細則 ， 本公司及其於中 國成立的附屬公司須撥出其年 度法定純利的 10%（根據中國會 計原則及法規釐定並經抵銷任 何過往年度虧損後） 至法定盈餘 儲備 ， 直至該儲備基金達到該 等實體股本的 50%。 法定盈餘 儲備可用於抵銷過往年度的虧 損或增資 。 然而 ， 除抵銷過往年 度虧損外 ， 須確保該儲備在使 用後不低於股本的 25%。 (iii) 安全生產儲備 根據中國與建築行業有關的 《企 業安全生產費用提取和使用管 理辦法》 的規定 ， 本集團的附屬 公司天潔安裝工程須向儲備賬 戶轉入一筆款項作為安全生產 儲備 。 該款項根據每年建築收 益按2%的適用比率計算 。 安全 生產儲備將根據中國公司法的 規定用於安全設備的改進及維 護 ， 且不可向股東分派 。 32. RESERVES (Continued) (c) Nature and purpose of reserves of the Group (i) Share premium The share premium represents the difference between the par value of the shares of the Company and proceeds received from the issuance of the shares of the Company. (ii) Statutory surplus reserve Pursuant to the PRC Company Law and the respective entities ’ articles of association, the Company and its subsidiaries established in the PRC shall appropriate 10% of their annual statutory net profit (determined in accordance with the PRC accounting principles and regulations and after offsetting any prior years ’ losses) to the statutory surplus reserve until such reserve fund reaches 50% of the share capital of these entities. The statutory surplus reserve can be utilised to offset prior years ’ losses or to increase capital. However, except for offsetting prior years ’ losses, such reserve must be maintained at a minimum of 25% of the share capital after usage. (iii) Safety production reserve Pursuant to the regulation of “Administrative Measures for the Withdrawal and Use of Expenses for Safety Production of Enterprises ” in the PRC relating to the construction industry, a subsidiary of the Group, Tianjie Installation Engineering, is required to transfer an amount to the reserve account as safety production reserve. The amount is calculated based on the revenue of construction each year and at the applicable rate of 2%. The safety production reserve will be used for modification and maintenance of safety equipment in accordance with the rules of the Company Law of the PRC and is not available for distribution to shareholders.
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151 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 33. 綜合現金流量表附註 (a) 因融資活動而產生的負債變動 下表載列本集團於本年度因融資活 動而產生的負債變動： (b) 重大非現金交易 於年內 ， 投資物業添置人民幣509,000元 由其他應收款項結算 。 33. NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS (a) Changes in liabilities arising from financing activities The following table shows the Group ’s changes in liabilities arising from financing activities during the year: Bank loans 銀行貸款 RMB’000 人民幣千元 At 1 January 2023 於二零二三年一月一日 55,000 Changes in cash flows 現金流量變動 30,000 At 31 December 2023 於二零二三年十二月三十一日 85,000 Changes in cash flows 現金流量變動 – At 31 December 2024 於二零二四年十二月三十一日 85,000 (b) Major non-cash transaction During the year, additions to Investment Properties of RMB509,000 were settled by other receivables.
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152 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 34. 本公司財務狀況概要34. SUMMARISED FINANCIAL POSITION OF THE COMPANY 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 Non-current assets 非流動資產 Investment in subsidiaries 於附屬公司的投資 174,500 17 4,500 Investment in associates 於聯營公司的投資 108,361 118,207 Property,plant and equipment 物業 、 廠房及設備 1,452 1,444 Intangible assets 無形資產 – 294 Investment properties 投資物業 35,175 35,837 Deferred tax assets 遞延稅項資產 34,523 34,143 354,011 364,425 Current assets 流動資產 Inventories 存貨 245,440 293,072 Trade and bills receivables 貿易應收款項及應收票據 557 ,734 533,102 Contract assets 合同資產 69,698 40,886 Prepayment,deposits and other receivables 預付款項 、 按金及其他 應收款項 76,821 42,005 Investments at fair value through profit or loss 按公平值計入損益的 投資 – 5,448 Pledged deposits 已抵押存款 20,000 – Bank and cash balances 銀行及現金結餘 603,976 386,562 1,573,669 1,301,075 Current liabilities 流動負債 Trade and bills payables 貿易應付款項及應付票據 142,702 147 ,141 Contract liabilities 合同負債 682,791 540,619 Other payables and accruals 其他應付款項及應計費用 202,513 68,898 Bank loans 銀行貸款 55,000 59,502 Tax payable 應付稅項 4,898 11,500 1,087 ,904 827 ,660 Net current assets 流動資產淨值 485,765 473,415 NET ASSETS 資產淨值 839,776 837 ,840 Capital and reserves 資本及儲備 Share capital 股本 135,000 135,000 Share premium 股份溢價 239,064 239,064 Reserves 儲備 465,712 463,776 TOTAL EQUITY 權益總額 839,776 837 ,840
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153 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 35. 或然負債 於報告期末 ， 本集團及本公司並無任何重 大或然負債 （二零二三年：無） 。 36. 關聯方交易 35. CONTINGENT LIABILITIES At the end of the reporting period, the Group and the Company did not have any significant contingent liabilities (2023: Nil). 36. RELATED PARTY TRANSACTIONS 2024 2023 二零二四年 二零二三年 RMB’000 RMB’000 人民幣千元 人民幣千元 T ransactions with the holding company 與控股公司的交易 Rental paid 租金開支 (i) 3,500 3,500 Electricity charges paid by the holding company on behalf of the Group 控股公司代表本集團 支付的電費 (ii) 1,838 2,883 T ransaction with other related parties 與其他關聯方的交易 Services received: 接受服務： 浙江天潔 磁性材料股份 有限公司 浙江天潔磁性材料股份 有限公司 (iv) 111 – Services received: 接受服務： 浙江天潔 新材料 有限公司 浙江天潔新材料有限公司 (iv) 1,800 – Services received: 接受服務： 浙江宇遠機械科技有限公司 浙江宇遠機械科技 有限公司 (iv) – 286 Services received: 接受服務： 浙江天潔通用機械有限公司 浙江天潔通用機械 有限公司 (iv) 4,560 4,993 Rental paid 租金開支 諸暨市天宇實業投資有限公司 諸暨市天宇實業投資 有限公司 (i) – 772 Rental paid 租金開支 諸暨市佳鄰生活服務有限公司 (Rental received on behalf of 諸暨市天宇實業投資有限公司 ) 諸暨市佳鄰生活服務有限 公司 （代表諸暨市天宇 實業投資有限公司收取 的租金） (i) 877 –
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154 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 36. 關聯方交易（續） 除該等綜合財務報表其他部分詳述的交易 外 ， 本年度 ， 本集團與關聯方有以下交易： (i) 租金費用及租金收入按雙方協定的 價格支付及收取 。 (ii) 根據產生的實際成本代本集團支付 款 項。 (iii) 向關聯方購買設備按雙方協定的價 格及條款進行 。 (iv) 接受關聯方的服務乃按雙方協定的 價格及條款進行 。 主要管理人員的薪酬 本公司董事 （同時亦是本集團主要管理層 的成員） 的酬金於附註13披 露。 36. RELATED PARTY TRANSACTIONS (Continued) In addition to the transactions detailed elsewhere in these consolidated financial statements, the Group had the following transactions with related parties during the year: (i) The rental fee was charged and the rental income was received based on mutually agreed prices. (ii) The payments were made on behalf of the Group based on the actual costs incurred. (iii) The purchase of equipment from the related parties were made based on mutually agreed prices and terms. (iv) The services received from the related parties were based on mutually agreed prices and terms. Key management personnel remuneration The emoluments of the Company ’s Directors, who are also identified as members of key management of the Group, are set out in Note 13.
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155 Annual Report 2024 年報 Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2024 截至二零二四年十二月三十一日止年度 3 7. 本公司主要附屬公司的詳情 於二零二四 年十二月三十一日主要附屬公 司的詳情如下： * 英文名稱僅供識別 。 38. 批准綜合財務報表 綜合財務報表已於 二零二� 年三月二十八 日獲董事會批准及授權刊發 。 3 7 . PARTICULARS OF PRINCIPAL SUBSIDIARIES OF THE COMPANY Particulars of the principal subsidiaries as at 31 December 2024 are as follows: Name Place of incorporation/ registration and operation Issued and paid-up capital Percentage of the Company’s indirect ownership interest voting power/profit sharing Principal activities 名稱 註冊成立 ╱登記 及營業地點 已發行及繳足資本 本公司應佔間接擁有權權益 投票權 ╱溢利分派百分比 主要業務 2024 2023 二零二四年 二零二三年 諸暨市天潔安裝工程有限公司 Tianjie Installation Engineering* The PRC RMB4,500,000 100% 100% Provision of installation services 中國 人民幣4,500,000元 提供安裝服務 浙江天潔環境工程有限公司 Tianjie Environmental and Engineering* The PRC RMB50,000,000 100% 100% Manufacture and sale of electronic products 中國 人民幣50,000,000元 製造及銷售電子產品 吐魯番天潔環境科技有限公司 Turpan Environmental and Technology* The PRC RMB20,000,000 100% 100% Manufacture and sale of environmental pollution prevention equipment and electronic products 中國 人民幣20,000,000元 製造及銷售環保污染防治設備及 電子產品 濟寧天潔環境工程有限公司 Jining Tianjie Environmental and Engineering* The PRC RMB50,000,000 100% 100% Manufacture and sale of electronic products 中國 人民幣50,000,000元 製造及銷售電子產品 浙江常山環境工程有限公司 Changshan Environmental and Engineering* The PRC RMB50,000,000 100% 100% Manufacture and sale of electronic products 中國 人民幣50,000,000元 製造及銷售電子產品 * The English name is for identification purpose only. 38. APPROVAL OF CONSOLIDATED FINANCIAL STATEMENTS The consolidated financial statements were approved and authorised for issue by the Board of Directors on 28 March 2025.
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156 Zhejiang T engy Environmental T echnology Co., Ltd 浙江天潔環境科技股份有限公司 Five Y ear Financial Summary 五年財務數據摘要 For the year ended 31 December 截至十二月三十一日止年度 2024 2023 2022 2021 2020 二零二四年 二零二三年 二零二二年 二零二一年 二零二零年 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 Revenue 收益 744,942 620,134 472,471 763,165 607 ,078 Gross profit 毛利 218,175 140,819 67 ,439 110,990 110,954 Profit before tax 稅前溢利 107 ,893 61,051 75,770 25,724 503 Income tax expense/(credit) 所得稅開支 /（抵免） 23,256 18,344 22,165 5,112 (3,986) Profit for the year 本年度溢利 84,637 42,707 53,605 20,612 4,489 Profit and total comprehensive income for the year 年內溢利及全面收入總額 84,637 42,707 53,605 20,612 4,489 Earnings per share attributable to owners of the Company for the year (expressed in RMB per share) 年內本公司股東應佔每股盈利 （以每股人民幣列示） – Basic and diluted －基本及攤薄 0.63 0.32 0.40 0.15 0.03 Gross profit margin 毛利率 29.29% 22.71% 14.27% 14.54% 18.28% Net profit margin 純利率 11.36% 6.89% 11 .35% 2.70% 0.7 4% As at 31 December 於十二月三十一日 2024 2023 2022 2021 2020 二零二四年 二零二三年 二零二二年 二零二一年 二零二零年 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 Non-current assets 非流動資產 275,102 283,554 196,297 324,423 252,564 Current assets 流動資產 1,769,934 1,513,302 1,339,429 1,263,918 1,248,007 Current liabilities 流動負債 1,090,221 926,678 701,505 807 ,725 7 40,567 Net current assets 流動資產淨值 679,713 586,624 637 ,924 456,193 507 ,440 Total assets less current liabilities 資產總值減流動負債 954,815 870,178 834,221 780,616 760,004 Net Assets 資產淨值 954,815 870,178 834,221 780,616 760,004 Capital 股本 135,000 135,000 135,000 135,000 135,000 Share Premium 股份溢價 239,064 239,064 239,064 239,064 239,064 Reserves 儲備 580,751 496,114 460,157 406,552 385,940 Total equity 權益總額 954,815 870,178 834,221 780,616 760,004