公允价值 fair value measurement

Fair value of an asset or a liability, except for share-based payment and lease transactions, is determined as 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 measurement assumes that the transaction to sell the asset or transfer the liability takes place either in the principal market or in the absence of a principal market, in the most advantageous market.

除了股份支付及租赁是按每日市场参与者之间有序交易中出售资产或转移负债所收取的价格厘定的。该衡量是假设交易发生在主市场出售资产或转移负债，或在没有主市场的情况下，发生在最有利的市场。

For non-financial asset, the fair value measurement takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use.

对于非金融资产，公允价值计量考虑市场参与者通过将该资产用于其最高和最佳用途或通过将其出售给将该资产用于其最高和最佳用途的另一市场参与者而产生经济利益的能力。

When measuring the fair value of an asset or a liability, the Company uses observable market data as far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the input used in the valuation technique as follows: 

在计量资产或负债的公允价值时，本公司尽可能使用可观察的市场数据。根据估值技术中使用的输入，公允价值在公允价值层次中分为不同级别，具体如下：

Level 1:	Quoted prices (Not adjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date. 公司在结算日可在活跃市场上获得相同资产或负债的（未经调整）报价。
Level 2:	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. 资产或负债可直接或间接观察到的第一级报价以外的投入
Level 3:	Unobservant inputs for the asset or liability. 未观察输入的资产或负债