Our financial assets of fair value through profit or loss were RMB270.7 million, RMB344.3 million, RMB356.6 million and RMB326.5 million as of December 31, 2022, 2023, 2024 and June 30, 2025, respectively.
Financial Information · 第 315 页
During the Track Record Period, our level 3 instruments included investments in unlisted investments, which represent debt and equity investments which none of the shareholdings exceeded 20% of the issue capital of the respective investees and the Group did not have significant influence on these invested entities.
Financial Information · 第 286 页
In relation to the valuation of our level 3 financial assets, our Directors engaged an independent and competent third-party valuer to appraise the fair value of unlisted equity and debt securities, performed valuation assessments for wealth management products based on their expected returns, and reviewed the valuation working papers and results prepared by the valuers.
Our financial assets at FVTPL primarily represent our investments in wealth management products and a listed company.
Financial Information · 第 461 页
Our fair value changes of financial assets at FVTPL were gain of RMB43.0 million in 2023 and loss of RMB61.8 million (US$8.6 million) in 2024, primarily as a result of the share price fluctuation of equity investments held by us in 2024.
Financial Information · 第 440 页
Our fair value changes of financial assets at FVTPL increased from RMB4.5 million for the six months ended June 30, 2024 to RMB23.2 million (US$3.2 million) for the six months ended June 30, 2025, primarily as an increase in our balance of wealth management products.
We recorded net realized and unrealized gains on financial assets at FVPL and amortized cost of RMB677.9 million in 2022 and net realized and unrealized losses on financial assets at FVPL and amortized cost of RMB270.3 million in 2023, primarily due to (i) an increase in investment losses from the settlement of US dollar and Euro forward currency contracts in 2023 and (ii) a decrease in interest income, primarily because certain investment funds matured in 2023.
Financial Information · 第 412 页
We recorded fair value gains on financial assets at FVPL and derivatives financial instruments, net of RMB263.5 million in the four months ended April 30, 2024 and fair value losses on financial assets at FVPL and derivatives financial instruments, net of RMB503.6 million in the same period in 2025, primarily due to the fair value changes in Euro, Japanese Yen and Brazilian Real forward currency contracts.
Our other gains and losses consist primarily of (i) gains or losses from changes in fair value of financial assets at FVTPL which consist primarily of our equity investment in an intelligent new energy vehicle manufacturer, (ii) net foreign exchanges gains or losses mainly associated with overseas procurement of certain raw materials and components, (iii) donations primarily comprising those we made to a foundation that promotes open source collaboration and innovation and to a charity organization for flood relief, and (iv) losses on disposal of property, plant and equipment and early termination of lease.
Financial Information · 第 372 页
This decrease was primarily attributable to a decrease in gains from changes in fair value of financial assets at FVTPL of RMB46.1 million, mainly associated with our equity interest in an intelligent new energy vehicle manufacturer.
Financial Information · 第 394 页
(ii) we incurred loss from changes in fair value of financial assets at FVTPL associated with our equity interest in a new energy vehicle manufacturer for the five months ended May 31, 2025, compared to a gain we recognized in 2024.
Other gains and losses mainly comprised of loss on changes in fair value of gold loans, which is the financial liabilities at FVTPL, gain or loss on changes in fair value of financial assets at FVTPL which was derived from financial products in FY2022 and film investment in FY2023, and gain on early termination of leases.
Financial Information · 第 506 页
The increase was mainly due to the loss on changes in fair value of financial assets at FVTPL of RMB2.4 million in FY2023 because the expected return on the investment in a film decreased due to lower box office than expected.
Financial Information · 第 514 页
Valuation for investments in a film project for promoting our brand, which is under level 3 in fair value hierarchy, was based on the discounted cash flow method estimating the fair value of the film investment.
For our risk management purpose, our Group will only invest in principal guaranteed wealth management products issued by major commercial banks in the PRC.
Financial Information · 第 455 页
Having considered the work done by our Directors, the Reporting Accountant and the Valuer and the relevant due diligence conducted as stated above, nothing has come to the Sole Sponsor’s attention that would cause the Sole Sponsor to cast doubts on the valuation of the Level 3 Financial Assets.
Fair values losses on financial assets at FVTPL reflected the losses arising from our private equity fund investments.
Financial Information · 第 390 页
Our fair value losses on financial assets at FVTPL significantly increased from RMB5.9 million in 2022 to RMB10.9 million in 2023, mainly because the net assets value of the funds we invested decreased due to the change in capital market condition, which was non-operational in nature and beyond our control.
Our convertible redeemable preferred shares were measured at FVTPL and recognized as level 3 as of December 31, 2021 and 2022 and 2023.
Financial Information · 第 444 页
The fair value of the convertible redeemable preferred shares measured at FVTPL was determined using the back-solve method and the discounted cash flow method.
Financial Information · 第 444 页
(ii) carefully considered all information especially those non-market related information input, such as liquidity discount, which require management assessments and estimates; and (iii) reviewed the valuation working papers and results prepared by the valuers.
洲际船务集团控股有限公司Seacon Shipping Group Holdings Limited02409.HK
三级公允价值计量的金融资产
As at December 31, 2019, 2020 and 2021 and as at September 30, 2022, our financial assets at fair value through profit or loss was approximately USD2.0 million, USD2.4 million, USD3.3 million, and USD1.3 million, respectively.
Financial Information · 第 449 页
The fair value assessment of SEACON SINGAPORE and SEACON QINGDAO Bareboat Charter Agreements that are measured at level 3 fair value hierarchy requires significant estimates, which include risk-free rates, expected volatility, market information of recent transactions and other assumptions.
Financial Information · 第 449 页
At least once a year, our finance department uses valuation techniques to determine the fair value of our level 3 instruments and reports to senior management and our Directors.