SHENZHENPROPERTIES&RESOURCESDEVELOPMENT(GROUP)LTD.
INTERIMREPORT2024
（AnnouncementNo.2024-34）
【August2024】
PartIImportantNotes,TableofContentsandDefinitions
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofShenZhenProperties&ResourcesDevelopment(Group)Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.LiuShengxiang,theCompany’slegalrepresentative,CaiLili,theCompany’sheadoffinancialaffairs,andCaiKelin,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.ThisReportinvolvesthedescriptionsofbusinessplansorarrangementsforthefuture.Astheimplementationoftherelevantplansorarrangementsissubjecttoavarietyoffactors,thesedescriptionsdonotconstitutetheCompany'ssubstantivecommitmentstoinvestors.Investorsandotherstakeholdersshouldmaintainsufficientriskawareness,andunderstandthedifferencebetweentheplans,forecastsandcommitments.TheCompanyhasnointerimdividendplan,eitherintheformofcashorstock.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
TableofContents
PartIImportantNotes,TableofContentsandDefinitions ...... 2
PartIICorporateInformationandKeyFinancialInformation ...... 6
PartIIIManagementDiscussionandAnalysis ...... 9
PartIVCorporateGovernance ...... 26
PartVEnvironmentalandSocialResponsibility ...... 28
PartVISignificantEvents ...... 29
PartVIIShareChangesandShareholderInformation ...... 40
PartVIIIPreferredShares ...... 45
PartIXBonds ...... 46
PartXFinancialStatements ...... 47
DocumentsAvailableforReference
I.ThefinancialstatementswiththesignaturesandstampsoftheCompany’slegalrepresentative,headoffinancialaffairsandheadofthefinancialdepartment;andII.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicvianewspapersdesignatedbytheCSRCintheReportingPeriod.
Definitions
| Term | Definition |
| The“Company”,the“Group”,“SZPRD”or“we” | ShenZhenProperties&ResourcesDevelopment(Group)Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires |
| SIHC | ShenzhenInvestmentHoldingsCo.,Ltd. |
| HuangchengRealEstate | ShenzhenHuangchengRealEstateCo.,Ltd. |
| DongguanCompany | DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. |
| XuzhouCompany | SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. |
| YangzhouCompany | SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. |
| WuheUrbanRenewal | ShenzhenWuheUrbanRenewalCo.,Ltd. |
| RongyaoRealEstate | ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. |
| ITCPropertyManagement | ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. |
| ITCTechnologyPark | ShenzhenITCTechnologyParkServiceCo.,Ltd. |
| GuomaomeiLife | ShenzhenGuomaomeiLifeServiceCo.,Ltd. |
| CommercialOperationCompany | ShenzhenSZPRDCommercialOperationCo.,Ltd. |
| GuomaoSpring | ShenzhenGuomaoSpringCommercialManagementCo.,Ltd. |
| GuomaoCatering | ShenzhenGuomaoCateringCo.,Ltd. |
| SupervisionCompany | ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. |
| WuheCompany | ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. |
| ShenzhenPropertyManagement | ShenzhenPropertyManagementCo.,Ltd. |
| ForeignTradePropertyManagement | ShenzhenForeignTradePropertyManagementCo.,Ltd. |
| ShenfubaoPropertyDevelopment | ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. |
| HydropowerCompany | ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. |
| SecurityServiceCompany | ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. |
| FMC | ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. |
| RMB,RMB’0,000,RMB’00,000,000 | ExpressedintheChinesecurrencyofRenminbi,expressedintensofthousandsofRenminbi,expressedinhundredsofmillionsofRenminbi |
PartIICorporateInformationandKeyFinancialInformation
ICorporateInformation
| Stockname | PRD,PRD-B | Stockcode | 000011,200011 |
| Changedstockname(ifany) | N/A | ||
| Stockexchangeforstocklisting | ShenzhenStockExchange | ||
| CompanynameinChinese | 深圳市物业发展(集团)股份有限公司 | ||
| Abbr.(ifany) | 深物业集团 | ||
| CompanynameinEnglish(ifany) | ShenZhenProperties&ResourcesDevelopment(Group)Ltd. | ||
| Abbr.(ifany) | SZPRD | ||
| Legalrepresentative | LiuShengxiang | ||
IIContactInformation
| BoardSecretary | SecuritiesRepresentative | |
| Name | ZhangGejian | DingMinghuaandChenQianying |
| Address | 20/F,InternationalTradeCenter,RenminSouthRoad,LuohuDistrict,Shenzhen,GuangdongProvince,P.R.China | 39/F,InternationalTradeCenter,RenminSouthRoad,LuohuDistrict,Shenzhen,GuangdongProvince,P.R.China |
| Tel. | 0755-82211020 | 0755-82211020 |
| Fax | 0755-82210610,82212043 | 0755-82210610,82212043 |
| Emailaddress | 000011touzizhe@szwuye.com.cn | 000011touzizhe@szwuye.com.cn |
IIIOtherInformation
1.ContactInformationoftheCompanyIndicatebytickmarkwhetheranychangeoccurredtotheregisteredaddress,officeaddressandtheirzipcodes,websiteaddress,emailaddressandothercontactinformationoftheCompanyintheReportingPeriod.
□Applicable?NotapplicableNochangeoccurredtothesaidinformationintheReportingPeriod,whichcanbefoundinthe2023AnnualReport.
2.MediaforInformationDisclosureandPlacewherethisReportisKeptIndicatebytickmarkwhetheranychangeoccurredtotheinformationdisclosuremediaandtheplaceforkeepingtheCompany’speriodicreportsintheReportingPeriod.
□Applicable?NotapplicableThewebsiteofthestockexchange,mediaandotherwebsiteswheretheCompany’speriodicreportsaredisclosed,aswellastheplaceforkeepingsuchreportsdidnotchangeintheReportingPeriod.Thesaidinformationcanbefoundinthe2023AnnualReport.
3.OtherInformationIndicatebytickmarkwhetheranychangeoccurredtootherinformationintheReportingPeriod.
□Applicable?NotapplicableIVKeyFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes?No
| H12024 | H12023 | Change(%) | |
| Operatingrevenue(RMB) | 856,028,445.25 | 1,905,464,632.85 | -55.08% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 9,212,457.81 | 220,903,444.63 | -95.83% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | 9,739,027.97 | 220,844,711.14 | -95.59% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -736,827,101.44 | -580,021,658.15 | -27.03% |
| Basicearningspershare(RMB/share) | 0.0155 | 0.3707 | -95.82% |
| Dilutedearningspershare(RMB/share) | 0.0155 | 0.3707 | -95.82% |
| Weightedaveragereturnonequity(%) | 0.20% | 4.92% | -4.72% |
| 30June2024 | 31December2023 | Change(%) | |
| Totalassets(RMB) | 16,658,662,273.55 | 16,988,062,068.09 | -1.94% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 4,485,266,996.47 | 4,661,810,328.75 | -3.79% |
VAccountingDataDifferencesunderChina’sAccountingStandardsforBusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards
1.NetProfitandEquityDifferencesunderCASandIFRS
□Applicable?NotapplicableNosuchdifferencesfortheReportingPeriod.
2.NetProfitandEquityDifferencesunderCASandForeignAccountingStandards
□Applicable?NotapplicableNosuchdifferencesfortheReportingPeriod.
VIExceptionalGainsandLosses
?Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 26,055.97 | |
| Governmentgrantsrecognisedincurrentprofitorloss(exclusiveofthosethatarecloselyrelatedtotheCompany'snormalbusinessoperationsandgiveninaccordancewithdefinedcriteriaandincompliancewithgovernmentpolicies,andhaveacontinuingimpactontheCompany'sprofitorloss) | 244,448.00 | |
| Non-operatingincomeandexpenseotherthantheabove | 42,678.11 | |
| Othergainsandlossesthatmeetthedefinitionofexceptionalgain/loss | -853,475.03 | Mainlyduetotheadjustedprovisionfortheover-deductioninVATcalculationthathadbeenestablishedlastyear |
| Less:Incometaxeffects | -164,486.90 | |
| Non-controllinginterestseffects(netoftax) | 150,764.11 | |
| Total | -526,570.16 |
Particularsaboutothergainsandlossesthatmeetthedefinitionofexceptionalgain/loss:
?Applicable□NotapplicableThepreferentialpolicyinrelationtoover-deductioninVATcalculationexpiredon31December2023.ThisincomedoesnotcontinuetoimpacttheCompany’sgainsandlosses.Therefore,theadjustmentonthismatteraccordingtotheactualfiledfigurein2024hasbeenpresentedinexceptionalgainsandlosses.ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable?NotapplicableNosuchcasesfortheReportingPeriod.
PartIIIManagementDiscussionandAnalysisIPrincipalActivityoftheCompanyintheReportingPeriod
(I)CoreBusinessOverviewEstablishedin1982,theCompanywasoriginallyknownas"LuohuEngineeringandConstructionHeadquarters"andrenamed"ShenzhenMunicipalPropertyDevelopmentCorporation"inAugust1985.TheCompanywasdeterminedasthesecondbatchofpilotunitsforjoint-stockreformofstate-ownedenterprisesin1988.Approvedbythemunicipalgovernment,theCompanyrenamedtoShenZhenProperties&ResourcesDevelopment(Group)Ltd.in1990.Thestockofthegroupcompany(stockname:SZPRD,A/B;stockcode:000011,200011)wasofficiallylistedinShenzhenStockExchangeinMarch1992.TheCompanycontractedandbuiltShenzhenInternationalTradeCenterBuildingasPartyAandcreated,planned,andorganizedtheworld-famous"ShenzhenSpeed".ThebuildingwastheplacewhereChairmanDengXiaopinggavetalksinhisinspectiontothesouth.SZPRDcameintobeingbecauseofthebuildingandhasrisenamidtheReformandOpeningupcampaign.EmergingandgrowingtogetherwithShenzhen,acityofmiracles,theCompanyhasbeen“aloyalpractitionerofthespiritoftheox”andovercomedifficultiesinproposingnewservicesinthenewera.Sofar,theCompanyhasgrownintoalargecomprehensiveindustrialgroupfromtheprojectcompanythatbuiltShenzhenInternationalTradeCenterBuilding.Inthenewera,theCompanysizesupthesituation,seizesthemomentumandforgesaheadtowardthegoalandvisionofbecominga"leadingsmartoperatorofindustry-cityspaceinChina".
1.Industrial&urbanspacedevelopmentIntermsofthespacedevelopmentsegment,theCompanyisspecializedindevelopingtheresidence,thehi-endapartment,theofficebuilding,andtheindustrialparkandhasdevelopedabatchofbrandprojects,includingShenzhenInternationalTradeCenterBuilding,HuanggangPort,Tian'anInternationalBuilding,QianhaiGangwanGarden,andGoldenCollarHoliday.Basedonitspresentrealestatedevelopmentbusiness,theCompanywillimproveitsexistingportfolioandplanfornewbusinesses.Itwillengageanumberofsubsidiariesinpropertydevelopmentandurbanrenewals,includingHuangchengRealEstate,RongyaoRealEstate,andWuheUrbanRenewal,strengthencapitaloperationviathelistingplatform,andmakeareasonablelayoutofthecityspacedevelopmentsegment.IntheReportingPeriod,theGroupsteadilyadvancedthedevelopmentprojectsinsideandoutsideShenzhen,acceleratedthesalesofprojectsandspedupcashinflow.Moreover,itfocusedonthedevelopmentandconstructionofindustry-citycomplexesandacceleratedtocreateanintegratedandco-existingmodelforthedevelopmentofboutiqueurbanresidencesandhigh-endindustryspace.
2.PropertymanagementservicesTheCompany'spropertymanagementsegmenttakesITCPropertyManagementasitsplatform.AsChina’sfirstbatchoffirst-classqualifiedenterprisesinpropertymanagement,ITCPropertyManagement,aftermorethan30yearsofdevelopment,hasbecomeadomesticfirst-classpropertyserviceproviderwithdiversifiedbusinesscapabilitiesandtechnologicalstrength,andhasbeenawarded"Top100NationalPropertyManagementEnterprises"and"ExcellentEnterpriseofPropertyManagementinChina'sIndustrialParks"formanyyearsinarow.Theprojectsunderitsmanagementarealloverthecountry,anditsbusinessradiatestovariousregionsinChina,suchasSouthChina,SouthwestChina,EastChinaandNorthChina,aswellastheChina-VietnamCooperationZoneinVietnam.TheCompany'sexistingbusinesshascoveredindustrialparks,culturaltourismscenicspots,governmentagencies,railtransportation,housing,hospitals,schools,hotelsandothervariousbusinessmodels,andisplanningtodevelopthebusinessofgrassrootssocialgovernance.TheCompanycollaboratedwiththegovernmenttocreateasafe,harmonious,civilizedandorderlyurbanenvironment,basicallyformingapatternofintegrateddevelopmentofmultiplebusinessmodels.Therearemorethan20subsidiariesunderITCPropertyManagement,andwiththefunctionaldepartmentsoftheheadquartersastheplatform,ithasactivelybuiltthreecentersof"market,empowermentandsupervision",andformedthreebusinesscentersandprofitcentersofspecializedbusinessmodelcompanies,specializedcompaniesandcompaniesinotherregions,soastocontinuouslyandeffectivelyrealizethe
newpatternofcoordinateddevelopmentof"1+1>2".DuringtheReportingPeriod,thetotalmanagedpropertieshaveexceeded42millionsquaremeters.Notably,thescaleofoperationalmanagementforhigh-endindustrialparksispredictedtoretainitsexaltedstatusamongdomesticindustrialparkoperations.
3.IndustrialecosystemoperationWithrespecttotheindustrialecosystemoperationsegment,theCompanygavefullplaytoitsfoundationinthethreebasicindustries,namely,realestatedevelopment,propertymanagement,andleasingandtheadvantageofthewholeindustrychain,focusedonthetwomajorstrategiesof“value-addedoperationofexistingassets”and“light-assetoperationoutput”,anddeepenedinternalandexternalstrategiccooperation.Itiscommittedtocreatingaclosedloopofthewholeindustrialecosystem,coveringprojectdevelopmentservices,parkoperationservices,andsupportingrentaloperations,andkeepingimprovingthespaceserviceandrentalecosystemintheindustrialpark.Auniqueandmaturebusinessdevelopmentmodelhasbeenputinplacewiththecapabilityandexperienceofthewholechainofplanning,dismantling,constructioncontrol,businessinvitation,operation,andon-sitemanagementwithrespecttovariousassets.TheCompanyisexpeditingthestocktakingandassessmentofitspropertiesinstockandstrengtheningthemanagementoverthem.Inthefuture,itwillgraduallyexpandthescopeofleasingandraisethedevelopmentcapabilityofpropertyrental.Moreover,theCompanygraduallyshiftsthefocusofindustrialecosystemoperationtosci-techparks,providessupportingservicescoveringthewholevaluechain,suchastheimportofindustrialecosystem,projectdevelopmentservices,andparkoperationservices,andservestheroleof"spaceserviceprovider"centeringonsci-techparks.DuringtheReportingPeriod,GuomaoSpring,whichisresponsibleforthemanagementandoperationoftheGroup'scommercialprojects,wasestablishedtotaketheopportunityoftherenovationprojectoftheGuomaoShoppingMalltobuildtheCompany’sowncommercialpropertymanagementbrand.
4.OtherbusinessIntheReportingPeriod,theCompany'sbusinessesalsoincludedcateringserviceandprojectsupervisionservice.ThecateringserviceisoperatedbyShenzhenGuomaoCateringCo.,Ltd.GuomaoCateringCo.,Ltd.,establishedin1986,becamefamousathomeandabroad,asitwastheplacewherePresidentDengXiaopinggavetalksduringhisinspectiontothesouthin1992.Sinceitsestablishment,ithasreceivedmorethan600countryleaders,famouspeople,andnumerousdomesticandoverseasguests,withitsreputationspreadingallovertheworld.TheprojectsupervisionserviceishandledbythesubordinatedsupervisioncompanyoftheGroup.ThecompanyhastheGradeAsupervisionqualificationofbuildingworksoftheMinistryofHousingandUrban-RuralDevelopment(MOHURD).ItwasoriginallyknownasShenzhenPropertyEngineeringManagementDepartment,andtakespartintheconstructionandmanagementworkofShenzhenInternationalTradeCenterBuilding.Itisawitnessofthewholeprocessof"Shenzhenspeed",andmainlyservesforthedevelopmentprojectsoftheGroup.TheCompanyissubjecttotheinformationdisclosurerequirementsfortherealestateindustryintheSelf-DisciplinaryandRegulatoryGuidelineNo.3oftheShenzhenStockExchangeforListedCompanies—Industry-specificInformationDisclosure.(II)IndustryReview
1.RealestateindustryInthefirsthalfof2024,themacro-economicoperationcontinuedthedevelopmenttrendofoverallstabilityandsteadyprogress.Undertheguidanceofthepolicythat"housesareforlivingin,notforspeculation",therehasbeenashiftfromlanddividendstomanagementdividendsintherealestateindustry,andthedemandsideoftherealestatemarketremainsinthedownwardchannel.Therealestatepoliciesasawholecontinuedtopresentalooselandscapethathadexistedsincetheendoflastyear,andadheredtothesynergyoffiveendeavours,i.e.,boostingdemands,preventingrisks,guaranteeingpeople'slivelihood,transformingdevelopmentpatternsandstandardisingadministration.InApril,themeetingofthePoliticalBureauoftheCPCCentralCommitteedeterminedtheorientationsofhousingpolicies,andputforward"acoordinatedresearchonpoliciesandmeasurestodigestexistingrealestateandoptimizehousingincrement".InMay,thenew"package"ofpoliciesforrealestatehighlightedstabilisingmarketanddestocking.InJune,theexecutivemeetingoftheStateCouncilonceagainmadeitclearthat"inresponsetosuchdutiesasdigestionandactivationofexistingrealestateandland,weshallemancipateourmindandexplorenewthinkingpatternswhiletakingitproperlyandmakingsolidprogress".
Intermsoftheregionalmarket,theHousingandConstructionBureauofShenzhenMunicipalityissuedtheNoticeonOptimisingthePolicyofHousingPurchaseRestrictioninFebruarytobettermeetresidents'demandsforrigidandimprovedhousing.InMay,theHousingandConstructionBureauofShenzhenMunicipalityissuedtheNoticeonFurtherOptimisingtheRealEstatePolicies,whichcoverssuchcontentsasthepolicyofdistrict-basedoptimisationofhousingpurchaserestriction,thepolicyofadjustmentofenterprises'andpublicinstitutions'purchaseofcommercialhouses,andfacilitationofsecond-handhousingtransaction.Meanwhile,pursuanttothespiritofsuchpoliciesastheNoticeofthePeople’sBankofChinaandthePRCStateAdministrationforFinanceRegulationonAdjustingthePolicyofMinimumDownPaymentPercentagesforPersonalHousingLoansandtheNoticeofthePeople’sBankofChinaonAdjustingthePolicyofLendingRatesforCommercialPersonalHousingLoansaswellastheprincipleofimplementingcity-specificpolicies,ShenzhenMunicipalityhasdowngradedtheminimumdownpaymentpercentagesforpersonalhousingloansandthelowestlendingratessince29May.Inthefaceofchangesinindustrypoliciesanddevelopmenttrends,mainstreamrealestateenterprisesaregraduallymakingeffortsindiversifiedbusinesslayouts.Atpresent,mainstreamrealestateenterpriseshavealreadyenteredandformedstableindustrypatterninmanyrelevantfieldsotherthanresidentialdevelopmentandsales,suchaspropertymanagement,commercialproperty,andlogisticsrealestate.Additionally,sub-industriessuchaselderlycare,educationandagencyconstructionhavealsoachievedcertaindevelopment.Theindustryhasaccelerateditstransformationfromrealestatetoimmovableproperty,graduallyshiftingfromthescale-drivenadvantageformedbyresidentialdevelopmentandsalestotheintegrationofdevelopment,operationandservice.
2.PropertymanagementindustryInrecentyears,drivenbycontinuedurbanization,consumptionupgradeandencouragingpolicies,andoverlaidwithtechnologicalempowermentandcapitaldividends,thepropertymanagementindustryhasdevelopedrapidly.Nationalandlocalgovernmentspromulgatednumerouspoliciestoencouragethedevelopmentofcommunityeldercare,childcare,propertymanagement,domesticservices,catering,retailandotherdiversifiedlifeservices,whichmarksthatscaleandboundaryexpansionremainsthemainthemeinthedevelopmentofthepropertymanagementindustry.Nevertheless,undertheimpactofchangesinrealestatemarketenvironmentandotherfactors,theexpansionrateofmanagementscaleofthepropertymanagementindustrysloweddown,andhowtoimprovesmartmanagementandforgesmartcommunitiesbecameoneofthemajordevelopmentdirectionsfortheenterprises.Therefore,thepropertymanagemententerprisesshouldenrichtheirknowledgeofthemarketandtheindustryandadjusttheirstrategiesandbusinesspatternspromptlytoadapttochangesinmarketandcustomers'demands.Meanwhile,theyshouldstrengthentheintroductionoftalentsproficientinmanagementandtechnologyandimprovetheirtrainingandmanagementtoenhancetheircorecompetitivenessandinnovationcapability.(III)OperatingPerformanceoftheCompanyintheReportingPeriodTheCompanycloselyfocusesontheimplementationofthekeyworkdeploymentformulatedatthebeginningoftheyear,makingsmoothandorderlyprogressinvariousaspects.DuringtheReportingPeriod,theCompanyachievedoperatingrevenueofapproximatelyRMB860millionandagrossprofitofapproximatelyRMB6.18million,andallotherindicatorssuchasexpensesandtotalremunerationswereundereffectivecontrol.Intherealestatedevelopmentsegment:First,theCompanyadheredtotheguidingprincipleof"seekingprogresswhilemaintainingstability,promotingstabilitythroughprogress,stabilitywithinitiative,andeffectivenessinprogress",rigorouslyimplementedtheprincipleof"determiningproductionbasedonsalesanddeterminingexpensesbasedonincome",andputmajorexpensesundereffectivemanagement,therebyprudentlyadvancingthedevelopmentandconstructionoftheYutangShangfuproject,LanhuShidaiproject,SeaBayGardenproject,andShenyangDigitalTownproject;second,theCompanyconductedactiveresearchesonthemarket,probedintocustomerneeds,andseizedthemarketwindowtostrengthenmarketingmeasuresandpromotedestockingoftheprojects;third,theCompanyoptimiseditsproductdesignandproductstructure,forgedthehardstrengthofproductsinthe"buyer'smarket",improvedthesoftstrengthofservices,andenhancedtheCompany'scorecompetitiveness;fourth,theCompanyimprovedthecost-efficiencyratioofmarketingexpenses,andenhanceddestockingandfundcollectiontosafeguardthesecurityandstabilityofcashflowandpreemptliquidityrisks.
Inthepropertymanagementsegment:First,theCompanymadeeffortstostreamlinetheHeadquarters'organisationalstructureanddividerelevantrightsandresponsibilities,establishedamorescientificandreasonablemanagementsystem,andgavefullplaytotheHeadquartersasthe"marketcentre,empowermentcentreandregulatorycentre",therebyboostingtheengineforhigh-qualitydevelopment;second,theCompanyadvancedtheintegrateddevelopmentbetweendifferentsegmentsinasystematicmanner,cultivatedandimproveditscorebusinesscapacityinallaspects,establishedrulesandregulationstobuildplatformsanddeepenintegratedandcollaborativedevelopment,andleveragedcomplementaryadvantagesthroughmutualfacilitation,whichfullydemonstratedasynergyeffectfeaturing"1+1>2";third,theCompanyactivelyexpandedthevalue-addedpropertymanagementservices,engagedinpilotoperationof"communitystore"business,exploredintegratedbusinessofcultureandtourism,anddevelopedaseriesofcity-themedculturalandcreativeproducts.Inthepropertyrentalsegment,theCompany,ontheonehand,madealleffortstoensureandstabiliserentalandtoadvanceassetupgradingandtransformationforhigherefficiency.Ontheotherhand,theCompanyestablishedGuomaoSpringinchargeofmanagementandoperationoftheGroup'sbusinessprojectsbyseizingtheopportunityofthetransformationprojectfortheGuomaoShoppingMall,sparednoeffortstoadvanceallpreliminaryworkforoperationofthemall,andmadetentativeeffortstobuilditsowncommercialpropertymanagementbrand.Newadditionstothelandbank:
| Nameoflandlotorproject | Location | Planneduseofland | Sitearea（㎡） | Floorareawithplotratio（㎡） | Howthelandisobtained | TheCompany’sinterest | Totallandprice(RMB’0,000) | ConsiderationoftheCompany’sinterest(RMB’0,000) |
| None |
Cumulativelandbank:
| Nameofproject/area | Sitearea（0,000㎡） | Floorarea（0,000㎡） | Floorareaavailablefordevelopment（0,000㎡） |
| LandinDanshui,HuiyangDistrict,HuizhouCity | 1.77 | 4.25 | 4.25 |
| LandinHongqiTown,HaikouCity | 15.80 | - | - |
| Total | 17.57 | 4.25 | 4.25 |
Developmentstatusofmajorprojects:
| City/region | Nameofproject | Location | Usage | TheCompany’sinterest | Timeforcommencementofconstruction | %developed | %thathascompletedconstruction | Sitearea（㎡） | Plannedfloorareawithplotratio（㎡） | FloorareathatcompletedconstructionintheCurrentPeriod（㎡） | Cumulativefloorareathathascompletedconstruction（㎡） | Estimatedtotalinvestment(RMB’0,000) | Cumulativeinvestment(RMB’0,000) |
| Shenzhen | Fuhuihuayuan | FutianDistrict | Residential | 100.00% | 2018.12 | Constructioncompleted | 100.00% | 4,274 | 33,430 | 0 | 43,522 | 91,133 | 77,396 |
| Dongg | SeaBayGarde | HumenTown | Residential | 100.00% | 2022.03 | Underconstruction | Themainbodyhasbeenroofed,andelectricaland | 51,687 | 113,713 | 0 | 0 | 321,759 | 258,097 |
| uanCity | n | mechanicalworksareclosingout | |||||||||||
| Shenzhen | YutangShangfu | GuangmingDistrict | Residential | 100.00% | 2022.03 | Underconstruction | Themainbodyhasbeenroofed,finedecorationisgoingonandtheprojecthasbeenopenedforpre-sale | 14,901 | 81,960 | 0 | 0 | 265,868 | 197,318 |
| Shenzhen | LanhuShidai | LonghuaDistrict | Residential,industrial,commercialandapartment | 69.00% | 2020.10 | Underconstruction | ThemainbodyofLot02#hasreached46-50floors,themainbodyofLot03#hasreachedthe8thfloor,themainbodyofLot04#hasreachedthe20thfloor,andLot06#hasreachedthe-1to6floors,andPhaseIisworkingontheearthworkandpilefoundation. | 68,298 | 433,640 | 0 | 0 | 840,000 | 507,001 |
| Yangzhou | ShenyangDigitalTown | PingshanVillage | Residential,industrialandoffice | 67.00% | 2022.09 | Underconstruction | PhaseI,LotDisundergoingabovegroundmainconstruction | 231,612 | 370,258 | 0 | 0 | 252,911 | 77,307 |
Salesstatusofmajorprojects:
| City/region | Nameofproject | Location | Usage | TheCompany’sinterest | Floorareawithplotratio(m2) | Floorareaavailableforsale(m2) | Cumulativepre-sold/soldfloorarea(m2) | Floorareapre-sold/soldintheCurrentPeriod(m2) | Pre-sale/salesrevenuegenerateintheCurrentPeriod(RMB’0,000) | Cumulativesettledfloorarea(㎡) | FloorareasettledintheCurrentPeriod(m2) | Pre-sale/salesrevenuesettledintheCurrentPeriod(RMB’0,000) |
| Shenzhen | GoldenCollar’sResortapartments | IntersectionofFutianSouthRoadandBinheRoadinFutianDistrict | Residential,studioapartmentsandcommercial | 100% | 133,800.6 | 125,231.07 | 121,190.94 | 0 | 0 | 123,127.44 | 0 | 0 |
| Shenzhe | Yutang | Northwestofthe | Residential | 100% | 89,143 | 78,373.92 | 30,481.88 | 89.83 | 246.94 | 0 | 0 | 0 |
| n | Shangfu | junctionofSongbaiRoadandChanggangSecondRoad,YutangStreet,GuangmingDistrict,Shenzhen | (includinghousingfortalents),commercial,andcommunityfoodmarket | |||||||||
| YangzhouCity | HupanYujingPhaseI | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100% | 36,141.28 | 48,870.98 | 45,155.58 | 34.09 | 12.5 | 45,155.58 | 34.09 | 11.47 |
| YangzhouCity | HupanYujingPhaseII | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100% | 56,935.75 | 73,121.96 | 70,220.31 | 17.22 | 6.89 | 70,201.2 | 17.22 | 6.32 |
| DongguanCity | SonghuLangyuan | DalangTown,DongguanCity | Residential,commercial,kindergarten,andparkingspace | 100% | 147,139.96 | 157,911.56 | 149,866.71 | 108 | 91.56 | 149,865.84 | 108 | 87.2 |
Rentalstatusofmajorprojects:
| Nameofproject | Location | Usage | TheCompany’sworkinginterest | Rentablearea（㎡） | Cumulativerentedarea（㎡） | Averageoccupancyrate |
| XiApartments(Longyuan) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 3967.05 | 3967.05 | 100.00% |
| XiApartments(Longhua) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 1609.42 | 1609.42 | 100.00% |
| XiApartments(Xinhu) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 1589.6 | 1093.8 | 68.81% |
| FuminComplex | Shenzhen | Commercial,apartments | 100.00% | 6450.19 | 5328.32 | 82.61% |
| TowerAofWenjinduPortBuilding | Shenzhen | Officebuilding | 75.00% | 5904.3 | 5614.3 | 95.10% |
| HaiwaiLianyiBuilding | Shenzhen | Commercialunitsandoffices | 75.00% | 6635.08 | 6375.08 | 96.08% |
| AnhuaBuilding | Shenzhen | Offices | 75.00% | 1414 | 1414 | 100.00% |
| PengfuBuilding | Shenzhen | Offices | 75.00% | 6494 | 6494 | 100.00% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 75.00% | 1652.7 | 1652.7 | 100.00% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 100.00% | 567.56 | 567.56 | 100.00% |
| FuxingGarden | Shenzhen | Residential/commercial | 75.00% | 5787.22 | 5787.22 | 100.00% |
| FuxingGarden | Shenzhen | Commercial | 100.00% | 1417.15 | 1417.15 | 100.00% |
| PlantareainTangxiaTown,DongguanCity | DongguanCity | Plant | 75.00% | 22462.08 | 22462.08 | 100.00% |
| PacificBusinessBuilding | Shenzhen | Commercialunits/offices | 75.00% | 3149.03 | 2264.98 | 71.93% |
| PacificBusinessBuilding | Shenzhen | Commercialunits/offices | 15.00% | 14888.76 | 13506.77 | 90.72% |
| KangtiBuilding | Shenzhen | Commercialunits/offices | 75.00% | 2095.87 | 1662.54 | 79.32% |
| KangtiBuilding | Shenzhen | Commercialunits/offices | 15.00% | 1146.81 | 866.91 | 75.59% |
| LyuhuaBuilding | Shenzhen | Commercialandresidential | 75.00% | 7106.95 | 6901.02 | 97.10% |
| ShopsonthegroundfloorofTower48inLianhuaNorthVillage | Shenzhen | Shops | 75.00% | 1000.34 | 1000.34 | 100.00% |
| HaonianhuaBuilding | Shenzhen | Apartmentsandcommercialunits | 100.00% | 1802.61 | 1802.61 | 100.00% |
| HaonianhuaBuilding | Shenzhen | Apartmentsandcommercialunits | 75.00% | 2277.9 | 2248.28 | 98.69% |
| KaifengGardeninShangmeilin | Shenzhen | Residential | 100.00% | 1365.98 | 1056.98 | 77.38% |
| FuyuanIndustrialZone | Shenzhen | Plantarea | 75.00% | 47131.4 | 45788.2 | 97.00% |
| TongluIndustrialZone | Shenzhen | Plantarea | 100.00% | 74845.08 | 73088.67 | 97.65% |
| JianglingIndustrialZone | Shenzhen | Plantarea | 75.00% | 10396.64 | 10396.64 | 100.00% |
| Zone21 | Shenzhen | Commercial/offices | 75.00% | 9518.7 | 9434.3 | 99.11% |
| BaoliCommunity | Shenzhen | Residential | 75.00% | 9093.07 | 7552.39 | 83.06% |
| SonggangPlant | Shenzhen | Plantarea | 75.00% | 5700 | 5700 | 100.00% |
| LongbuPlant | Shenzhen | Plantarea | 75.00% | 7471.36 | 7471.36 | 100.00% |
| GongluBuildinginHuanggang | Shenzhen | Offices | 75.00% | 4599.72 | 4320.07 | 93.92% |
| YuetongComplex | Shenzhen | Offices | 75.00% | 3044 | 3044 | 100.00% |
| DepartmentStorePlaza | Shenzhen | Offices | 33.00% | 12751.15 | 12751.15 | 100.00% |
| SouthernSecuritiesBuilding | Shenzhen | Offices | 33.00% | 8809.8 | 6590.22 | 74.81% |
| MianshuiStudioApartment | Shenzhen | Apartment | 33.00% | 3440.12 | 3440.12 | 100.00% |
| XiangfuBuilding | Shenzhen | Commercial | 33.00% | 3109.4 | 3109.4 | 100.00% |
Primarylanddevelopment:
□Applicable?NotapplicableFinancingchannels:
Unit：RMB
| Financingchannel | Endingbalanceoffinancings | Financingcostrange/averagefinancingcost | Maturitystructure | |||
| Within1year | 1-2years | 2-3years | Over3years | |||
| Bankloans | 4,878,133,890.22 | 4%-6% | 3,491,013,332.40 | 393,226,751.60 | 158,359,000.40 | 835,534,805.82 |
| Non-bankloans | 399,800,000.00 | 4%-6% | 400,000.00 | 400,000.00 | 400,000.00 | 398,600,000.00 |
| Total | 5,277,933,890.22 | 4%-6% | 3,491,413,332.40 | 393,626,751.60 | 158,759,000.40 | 1,234,134,805.82 |
Developmentstrategyandoperatingplanforthecomingyear:
In2024,theinternationalanddomesticsituationwasfraughtwithuncertainties,theeconomywasinaperiodofslowrecovery,andthetraditionalpropertymarketcontinuedtobeunderpressure.SZPRDwillcontinuetoactivelysearchforthestrategicbreakthroughdirection,comprehensivelyconnectwiththemajorstrategicorientationofthestate-ownedassetsystemandfirmlygraspthecoreprocessesofstockassetvaluemanagementandindustrialecologicaloperationservices.Relyingontheprincipleof"expandingthemainbusinessandmakingbreakthroughs",effortswillbedoubledtodevelopfourmajorbusinesses,i.e.,industry-cityspacedevelopment,propertymanagementservices,industrialecologicaloperationandmainbusinessecosysteminvestment,andguidehigh-qualitydevelopmentwithanewdevelopmentphilosophy.Intermsoflandreserve,theimportantwindowperiodoftherealestatemarketisseized.ThefocusisonpotentialeconomicdevelopmentareassuchastheGuangdong-HongKong-MacaoGreaterBayAreaandtheYangtzeRiverDelta.Projectsareactivelyfacilitated,enablingtheCompanytoobtainmoreresourcesforsustainabledevelopment.Intermsofprojectdevelopment,theguidingprincipleof"seekingprogresswhilemaintainingstability,promotingstabilitythroughprogress,stabilitywithinitiative,andeffectivenessinprogress"isadheredto.Thefocusistightlycenteredonpreciseandcontinuouseffortsinthefouraspectsof"stabilizingcashflow,controllingcosts,expandingcapacity,andstrengtheningfoundations".ThedevelopmentandconstructionoftheYutangShangfuproject,LanhuShidaiproject,SeaBayGardenproject,andShenyangDigitalTownprojectareprudentlyadvanced.Effortsaremadetocontinuouslyenhancedevelopmentcapabilities,strengthenqualitycontrol,deepenleanmanagement,furtherexpandandstrengthentheoveralladvantagesofthegroup'srealestatesector,andactivelypromotestabilityinproductionandoperationswithpositiveresults.Intermsofsalesandinventoryturnover,themarketwindowperiodisseized,marketingtouchpointsarecontrolled,andfulleffortsaremadetoadvanceresidentialsalesintheYutangShangfuproject,LanhuShidaiproject,SeaBayGardenproject,andShenyangDigitalTownproject,withtheaimofachievingtheannualsalestargetsforthefinalphaseofhistoricalprojects.TheabovebusinessplanandbusinessobjectivesdonotrepresentthelistedCompany’sprofitforecastfor2024.Whetheritcanbeachieveddependsonvariousfactorsincludingchangesinmarketconditionsandtheeffortmadebythemanagementteam.Investorsmustpayspecialattentiontothatbecausethereexistsgreatuncertainty.Provisionofguaranteesforhomebuyersonbankmortgages:
?Applicable□NotapplicableAsausualpracticeforrealestatedevelopers,theCompanyhasbeenprovidingguaranteesandsecuritydepositsforitshomebuyersontheirbankmortgages.Asat30June2024,securitydepositsforsuchoutstandingguaranteesamountedtoRMB1,134,757.40,whichwillbereturnedupontheexpiryoftheguarantees.Asausualpracticeforrealestatedevelopers,theCompanyhasbeenprovidingguaranteesandsecuritydepositsforitshomebuyersontheirbankmortgages.Asat30June2024,outstandingguaranteesamountedtoRMB335,272,511.16,whichwillbereturnedupontheexpiryoftheguarantees.
Jointinvestmentsbydirectors,supervisorsandseniormanagementandthelistedcompany(applicableforsuch
investmentswherethedirectors,supervisorsandseniormanagementaretheinvestmententities):
?Applicable□Notapplicable
| Nameofproject | Typeofinvestmententity | Amountofinvestment(RMB’0,000) | %ofinvestmentamount | As%ofthepeakoftheprojectfunds | Cumulativeincome | Disinvestment | Compatibilityofactualinvestmentamountanddistributedincome |
| LanhuShidaiProject1 | Mandatoryinvestmententities(includingdirectorsandseniormanagement) | 2,647.00 | 66.18% | N/A | N/A | N/A | N/A |
| Voluntaryinvestmententities | 1,353.00 | 33.82% | N/A | N/A | N/A | N/A |
Note:1.Sincethisisanongoingproject,thepeakoftheprojectfunds,cumulativeincomeanddisinvestmentareunknown.Fordetails,pleaserefertotherelevantannouncementsdisclosedbytheCompanyonwww.cninfo.com.cndated9November2019.IICoreCompetitivenessAnalysisAdvantagesinbrandandculturalaccumulation:SZPRD,astate-ownedenterpriseinShenzhen,hasforgedanunparalleledlegacyofpioneeringdevelopmentoverthepastfourdecades.Thecompanyhascraftedadiversifieddevelopmentpatternwithrealestatedevelopmentattheforefront,accompaniedbyurbanrenewal,propertymanagement,assetoperation,andindustrialinvestment.Thebrandvalueandcomprehensivestrengthof"ShenzhenProperty,"imbuedwiththespiritofreformandopeningupininternationaltrade,havegarneredsignificantmarketrecognition.BornfromtheWorldTradeBuilding,thecompanyhasflourishedthroughreformandopeningup,coexistingandflourishingalongsidethemiraculouscityofShenzhen.Thecorporatecultureof"daringtobethefirstandstrivingfortransformation"intermingleswiththe"pioneeringspirit"ofsurmountingchallenges,providingguidanceinadvancingtheremarkableprogressofSZPRDfrom"Shenzhenspeed"to"Shenzhenquality."Themarket-orientationadvantage:Alwaysadheringtodeepeningtheimplementationofthemarket-orientedoperationmechanism,theCompanykeepspromotingin-depthreformofitssystemsandmechanisms,andhasinitiallyformedamarket-orientedoperationmechanismcoveringallprocessandthewholechainfromthefront(resourceacquisition)tothemiddle(resourcedevelopment)andtotheend(valuerealization).Inparticular,italignswithmarketsituationsandindustrybenchmarksintermsofhigh-standardfull-cycleengineeringmanagement,whole-processcostcontrolandall-modulelaborresourcesmanagement,respectsmarketlaws,andkeepsrefiningoperationmechanismsandmaintainingitsvitalityanddevelopmentefficiency,withorderlyeffortsinalloperationworksandgoodresultsachieved.Thewhole-industry-chainlayoutadvantage:Inrecentyears,theCompanyadherestothedevelopmentideasofconsolidatingthefoundation,breachingboundariesandfocusingonleadership,andacceleratesmarket-orientedoperationdevelopment.Inthecomprehensiveassetoperationindustry,itcontinuestopromotethecollaborationofthereinforcingchain,thereplenishingchain,theextendingchainandallotherchains,andhasbasicallyformedthefourmajorbusinesssectorsincludingindustry-urbanspacedevelopment,propertymanagementservice,ecologicalindustrialoperationandecologicalprimarybusinessinvestment,demonstratingitsadvantagesthroughinternalandexternalcollaboration,magnifyingtheeffectsofindustrialconvergence,andpresentingtheinitialintegratedlayoutofthewholeindustrychain.Theindustry-urbanintegrationadvantage:TheCompanysteadilyandcontinuouslypromotesthedevelopmentandconstructionofShenyangDigitalTownandLanhuShidaiIndustrialPark,whichareoverallinsoundprogress.Meanwhile,basedonitsregionalindustrialdevelopmentstrategy,governmentpolicysupportfocusesandthedevelopmentobjectivesoftheindustrialpark,theCompanyhasmadeforward-lookingindustryintroductionandcultivationplansonthepremiseofseizingindustrialtrendsandregionaladvantages,andhasaccumulatedrichexperienceinpromotingintegratedindustry-urbandevelopmentwhileguardingtheCompany'soperationperformanceandsupportinglocaleconomicgrowthandurbangovernance.
IIICoreBusinessAnalysis
OverviewSeecontentsundertheheading“IPrincipalActivityoftheCompanyintheReportingPeriod”.Year-on-yearchangesinkeyfinancialdata:
Unit:RMB
| H12024 | H12023 | Change(%) | Mainreasonforchange | |
| Operatingrevenue | 856,028,445.25 | 1,905,464,632.85 | -55.08% | Decreasedrevenuecarryforwardsinrealestateinthecurrentperiod |
| Costofsales | 669,091,472.18 | 1,372,159,884.25 | -51.24% | Decreasedcostcarryforwardsinrealestateinthecurrentperiod |
| Sellingexpense | 9,106,255.87 | 13,087,297.05 | -30.42% | Decreasedpaymentforsalesagencyexpensesinthecurrentperiod |
| Administrativeexpense | 127,378,140.36 | 149,188,184.18 | -14.62% | Decreasedpaymentforemployeecompensationandlegalcostsinthecurrentperiod |
| Financecosts | 16,087,020.98 | 24,192,404.94 | -33.50% | Increasedinterestincomeinthecurrentperiod |
| Incometaxexpense | 4,860,162.97 | 78,819,275.76 | -93.83% | Decreasedtotalprofitinthecurrentperiod |
| R&Dinvestments | 2,243,317.44 | 1,711,051.44 | 31.11% | IncreasedR&Dprojectsinthecurrentperiod |
| Netcashgeneratedfrom/usedinoperatingactivities | -736,827,101.44 | -580,021,658.15 | -27.03% | Decreasedcashinflowsinthecurrentperiod |
| Netcashgeneratedfrom/usedininvestingactivities | -2,840,739.35 | -4,097,141.76 | 30.67% | Paymentforequityacquisitionunderthesamecontrolinthesameperiodoflastyear |
| Netcashgeneratedfrom/usedinfinancingactivities | -126,125,135.93 | 449,035,955.58 | -128.09% | Decreasedbankloans,increasedrepaymentformaturingborrowingsandpaymentfordividendsinthecurrentperiod |
| Netincreaseincashandcashequivalents | -865,658,773.93 | -133,028,374.78 | -550.73% | Decreasednewborrowings,increasedrepaymentformaturingloansanddividendspaidinthecurrentperiodcomparedwiththesameperiodoflastyear |
| Taxesandsurcharges | 10,447,340.39 | 45,190,786.03 | -76.88% | IncreasedVAToflandsaccruedinthe |
| sameperiodoflastyear | ||||
| Assetimpairmentloss | -5,858.65 | 2,045.93 | -386.36% | Increasedinventoryfallingpricereservesinthecurrentperiod |
| Creditimpairmentloss | -18,396,918.74 | -13,610,779.58 | -35.16% | Increasedbaddebtprovisioninthecurrentperiod |
| Returnoninvestment | 412,742.53 | 1,857,388.32 | -77.78% | Decreasednetprofitsofjointventuresinthecurrentperiod |
| Non-operatingincome | 479,063.20 | -204,898.03 | 333.81% | Reversalofnon-operatingincomerecognizedinpreviousperiodinthesameperiodoflastyear |
| Othercomprehensiveincome–differencesarisingfromthetranslationofforeigncurrency-demoninatedfinancialstatements | 393,038.16 | 1,679,998.83 | -76.60% | Influencedbychangesinexchangerate |
MaterialchangestotheprofitstructureorsourcesoftheCompanyintheReportingPeriod:
□Applicable?NotapplicableNosuchchangesintheReportingPeriod.Breakdownofoperatingrevenue:
Unit:RMB
| H12024 | H12023 | Change(%) | |||
| Operatingrevenue | As%oftotaloperatingrevenue(%) | Operatingrevenue | As%oftotaloperatingrevenue(%) | ||
| Total | 856,028,445.25 | 100% | 1,905,464,632.85 | 100% | -55.08% |
| Byoperatingdivision | |||||
| Propertydevelopment | 13,841,686.40 | 1.62% | 1,053,881,874.68 | 55.31% | -98.69% |
| Propertymanagement | 771,525,962.31 | 90.13% | 773,181,325.02 | 40.58% | -0.21% |
| Propertyrental | 70,660,796.54 | 8.25% | 78,401,433.15 | 4.11% | -9.87% |
| Byproductcategory | |||||
| Propertydevelopment | 13,841,686.40 | 1.62% | 1,053,881,874.68 | 55.31% | -98.69% |
| Propertymanagement | 771,525,962.31 | 90.13% | 773,181,325.02 | 40.58% | -0.21% |
| Propertyrental | 70,660,796.54 | 8.25% | 78,401,433.15 | 4.11% | -9.87% |
| Byoperatingsegment | |||||
| Shenzhen | 673,395,027.18 | 78.67% | 1,736,158,823.32 | 91.11% | -61.21% |
| Other | 182,633,418.07 | 21.33% | 169,305,809.53 | 8.89% | 7.87% |
OperatingDivision,ProductCategoryorOperatingSegmentContributingover10%ofOperatingRevenueorOperatingProfit?Applicable□Notapplicable
Unit:RMB
| Operatingrevenue | Costofsales | Grossprofitmargin | YoYchangeinoperating | YoYchangeincostofsales | YoYchangeingrossprofit |
| revenue(%) | (%) | margin(%) | ||||
| Byoperatingdivision | ||||||
| Propertydevelopment | 13,841,686.40 | 4,621,045.97 | 66.62% | -98.69% | -99.34% | 32.58% |
| Propertymanagement | 771,525,962.31 | 621,695,503.76 | 19.42% | -0.21% | -2.09% | 1.61% |
| Byproductcategory | ||||||
| Propertydevelopment | 13,841,686.40 | 4,621,045.97 | 66.62% | -98.69% | -99.34% | 32.58% |
| Propertymanagement | 771,525,962.31 | 621,695,503.76 | 19.42% | -0.21% | -2.09% | 1.61% |
| Byoperatingsegment | ||||||
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable?NotapplicableIVAnalysisofNon-CoreBusinesses?Applicable□Notapplicable
Unit:RMB
| Amount | As%oftotalprofit | Mainsource/reason | Recurrentornot | |
| Returnoninvestment | 412,742.53 | 6.68% | Shareofprofitsofjointventures | Yes |
| Gain/lossonchangesinfairvalue | 0.00 | 0.00% | ||
| Assetimpairments | -5,858.65 | -0.09% | Inventoryvaluationallowances | Not |
| Non-operatingincome | 479,063.20 | 7.75% | Confiscationofsecuritydepositsforlease | Not |
| Non-operatingexpense | 436,385.09 | 7.06% | Mainlypaymentforsporadicnon-operatingexpenses | Not |
| Creditimpairmentloss | -18,396,918.74 | -297.60% | Allowancesfordoubtfulaccounts | Not |
VAnalysisofAssetsandLiabilities
1.SignificantChangesinAssetComposition
Unit:RMB
| 30June2024 | 31December2023 | Changeinpercentage(%) | Reasonforanysignificantchange | |||
| Amount | As%oftotalassets | Amount | As%oftotalassets | |||
| Monetaryassets | 1,885,846,531.69 | 11.32% | 2,748,798,476.72 | 16.18% | -4.86% | Repaymentformaturingborrowingsandpaymentfordividends |
| Accountsreceivable | 525,349,243.53 | 3.15% | 502,806,453.88 | 2.96% | 0.19% | Increasedpropertymanagementfeereceivable |
| Contractassets | 724,882.35 | 0.00% | 844,485.57 | 0.00% | 0.00% | |
| Inventories | 11,584,703,198.76 | 69.54% | 11,098,209,095.74 | 65.33% | 4.21% | Increaseddevelopmentcosts |
| Investmentproperty | 369,472,806.82 | 2.22% | 386,810,800.47 | 2.28% | -0.06% | |
| Long-termequityinvestments | 84,470,493.08 | 0.51% | 84,057,750.55 | 0.49% | 0.02% | Increasedreturnsfromjointventures |
| Fixedassets | 58,895,644.84 | 0.35% | 66,436,408.90 | 0.39% | -0.04% | |
| Right-of-useassets | 20,632,466.91 | 0.12% | 23,516,796.22 | 0.14% | -0.02% | |
| Short-termborrowings | 50,036,250.00 | 0.30% | 230,915,000.00 | 1.36% | -1.06% | Repaymentformaturingloans |
| Contractliabilities | 846,699,653.68 | 5.08% | 820,424,953.42 | 4.83% | 0.25% | Increasedpre-salepayment |
| Long-termborrowings | 1,387,120,583.02 | 8.33% | 1,399,889,274.47 | 8.24% | 0.09% | |
| Leaseliabilities | 12,635,031.03 | 0.08% | 10,571,092.27 | 0.06% | 0.02% | Newlease |
| Otherreceivables | 606,627,612.52 | 3.64% | 624,394,372.82 | 3.68% | -0.04% | Recoveryofcertaincurrentaccountsandincreasedallowancesfordoubtfulaccounts |
| Othercurrentassets | 172,158,013.65 | 1.03% | 127,774,825.51 | 0.75% | 0.28% | Increaseddebitbalanceofreclassifiedtaxpayable |
| Deferredincometaxassets | 1,298,889,053.69 | 7.80% | 1,276,440,386.83 | 7.51% | 0.29% | Increaseddeductiblelossprovisions |
| Othernon-currentassets | 4,783,032.03 | 0.03% | 3,505,155.93 | 0.02% | 0.01% | Increasedprepaymentsforfixedassetpurchase |
| Accountspayable | 497,647,577.28 | 2.99% | 662,869,059.59 | 3.90% | -0.91% | Decreasedaccountspayableforengineering |
| Advancesfromcustomers | 811,650.90 | 0.00% | 2,265,223.56 | 0.01% | -0.01% | Decreasedrentaladvances |
| Otherpayables | 1,156,391,495.32 | 6.94% | 1,217,303,294.25 | 7.17% | -0.23% | Decreasedaccruedexpenses |
| Currentportionofnon-currentliabilities | 3,457,663,129.19 | 20.76% | 3,092,324,853.07 | 18.20% | 2.56% | Increasedcurrentportionoflong-termborrowings |
| Long-termpayables | 399,899,850.00 | 2.40% | 400,105,655.56 | 2.36% | 0.04% | |
| Othernon-currentliabilities | 130,742,839.33 | 0.78% | 127,039,225.54 | 0.75% | 0.03% |
2.MajorAssetsOverseas
□Applicable?Notapplicable
3.AssetsandLiabilitiesatFairValue?Applicable□Notapplicable
Unit:RMB
| Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
| Financialassets | ||||||||
| 4.Investmentsinotherequityinstruments | 636,926.20 | -203,351.55 | 4,044.32 | 437,618.97 | ||||
| Totaloftheabove | 636,926.20 | -203,351.55 | 4,044.32 | 437,618.97 | ||||
| Financialliabilities | 0.00 | 0.00 |
Contentsofotherchanges:
Otherchangeswereresultedfromexchangeratemovements.SignificantchangestothemeasurementattributesofthemajorassetsintheReportingPeriod:
□Yes?No
4.RestrictedAssetRightsasatthePeriod-End
| Item | Endingcarryingvalue | Reasonforrestriction |
| Monetaryassets | 18,366,170.50 | Note1-Note8 |
| ThelanduserightoftheplotDofShenyangDigitalTowninYangzhou | 258,390,000.00 | Note9 |
| Total | 276,756,170.50 |
Note1:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasabankguaranteemoneyofRMB2,200,000.00ofthesubsidiarycompanyShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.Note2:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,000,000.00ofthesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.frozenbyacourtoflawduetopre-litigationpreservationforcontractdisputes.Note3:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaloandepositofRMB1,134,757.40providedasmortgageloanguaranteesforcommercialhousingpurchasersandpaidbytheCompanyasarealestatedeveloperaccordingtorealestatebusinesspractices.Note4:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB11,881,338.63ofinterestontermdepositsaccruedattheperiod-end.Note5:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB129,003.62intheaccountofthesubsidiarycompanyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.Theaccountwasinareceiving-onlystatusbecausethelegalpersonchangeformalitieshadnotbeencompletedbytheperiod-end.Note6:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaPOSsecuritydepositofRMB1,500.00ofsubsidiaryShandongShenguomaoRealEstateManagementCo.,Ltd.
Note7:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB1,000.00whichwasthedepositforPOSmachineofJiangxiBranchofShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,asubsidiary.Note8:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB18,570.85whichwererestrictedfundsfrozenduelaborarbitrationcaseofthesubsidiaryShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.Note9:Duetotheneedsofdailybusinessactivities,theCompanyappliedforaloanfromAgriculturalBankofChinaCo.,Ltd.YangzhouBranchandmortgagedthelanduserightofShenyangDigitalTown.Theloanhasthedurationfrom19January2024to18January2029andappliesfloatinginterestrates.VIInvestmentsMade
1.TotalInvestmentAmount
□Applicable?Notapplicable
2.MajorEquityInvestmentsMadeintheReportingPeriod
□Applicable?Notapplicable
3.MajorNon-EquityInvestmentsOngoingintheReportingPeriod
□Applicable?Notapplicable
4.FinancialInvestments
(1)SecuritiesInvestments?Applicable□Notapplicable
Unit:RMB
| Varietyofsecurity | Codeofsecurity | Nameofsecurity | Initialinvestmentcost | Accountingmeasurementmethod | Beginningcarryingvalue | Gain/LossonfairvaluechangesinReportingPeriod | Accumulatedfairvaluechangeschargedtoequity | PurchasedinReportingPeriod | SoldinReportingPeriod | Gain/lossinReportingPeriod | Endingcarryingvalue | Accountingtitle | Sourceofinvestmentfunds |
| Domestic/Foreignstock | 400016,420016 | JintianA,JintianB | 3,565,856.06 | Fairvaluemethod | 636,926.20 | -203,351.55 | 4,044.32 | 437,618.97 | Investmentsinotherequityinstruments | ObtainedinJintian’sdebtrestructuring | |||
| Total | 3,565,856.06 | -- | 636,926.20 | 0.00 | -203,351.55 | 0.00 | 0.00 | 4,044.32 | 437,618.97 | -- | -- | ||
(2)InvestmentsinDerivativeFinancialInstruments
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
5.UseofFundsRaised
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
VIISaleofMajorAssetsandEquityInvestments
1.SaleofMajorAssets
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
2.SaleofMajorEquityInvestments
□Applicable?NotapplicableVIIIPrincipalSubsidiariesandJointStockCompanies
?Applicable□NotapplicablePrincipalsubsidiariesandjointstockcompanieswithanover10%effectontheCompany’snetprofit
Unit:RMB
| Name | RelationshipwiththeCompany | Principalactivity | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
| ShenzhenHuangchengRealEstateCo.,Ltd. | Subsidiary | Developmentandsalesofrealestate | 30,000,000.00 | 7,868,822,469.83 | 2,993,535,745.58 | 9,544,774.98 | -15,743,888.00 | -11,803,798.60 |
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | Subsidiary | Propertymanagementservices | 20,000,000.00 | 1,800,821,829.15 | 430,322,463.48 | 770,307,239.80 | 69,491,613.31 | 50,539,602.83 |
SubsidiariesobtainedordisposedintheReportingPeriod
□Applicable?NotapplicableNotestotheprincipalsubsidiariesandjointstockcompanies:
IXStructuredBodiesControlledbytheCompany
□Applicable?Notapplicable
XRisksFacingtheCompanyandCountermeasures
1.MarketriskUndertheguidanceofthepolicythat"housesareforlivingin,notforspeculatingon",thedemandsideoftherealestatemarketremainsinthedownwardchannel.Consequently,thedevelopmentspaceofthepropertyindustryhasbeenconstantlycompressed,industryprofitshavefallensharplyandtherehasbeenashiftfromlanddividendstomanagementdividends.Inparticular,itposesunprecedentedchallengestobusinesscapabilitiessuchascostdesignandengineering.TheadvancementofurbanrenewalprojectsisconfrontedwithcomplicatedconditionsandformidableobstaclesandtheCompany'sbusinessanddevelopmentfaceopportunitiesandchallenges.Undergrimcircumstances,theCompanythoroughlystudiedtheopportunitiesandchallengesbroughtaboutbymacroeconomictrendsandpolicymovements,activelysoughtthestrategicbreakthroughdirectionandadheredtoprudentoperation.Additionally,itraisedfundsfrommultiplechannels,focusedonenhancingthemanagementlevelandseizedopportunitiesinthelandmarket.BasedinShenzhen,theCompanyaimstoextenditspresencetotheGuangdong-HongKong-Macaometropolitanareaandsurroundingareasandstrivestoimproveitssustainabledevelopmentcapabilities.
2.BusinessoperationriskThecontinueddownturninthepropertymarkethasmadeitmoredifficultfortheCompanytoreduceitsinventoryofprojects,whiletheCompany’sexistinglandresourcesfordevelopmentareinsufficient,puttingpressureontheCompany’sbusinessdevelopment.TheCompanywillpaycloseattentiontothemarketandindustrypolicychanges,focusonprojectconstructionandpropertysales,developtargetedlandexpansionplans,consolidatethemainbusinessandactivelyexplorethepathofdevelopmentinlinewiththerealityoftheCompany.
3.FinancingRiskIntheprocessofactivelyincreasinglandreservesandacceleratingthebusinessdevelopmentintherecentyears,theCompanyneedstoinvestalargeamountoffundsforlandacquisitionandprojectdevelopment.Inadditiontoitsownfunds,theCompany’sprojectdevelopmentfundsneedtobeexternallyfinancedthroughbankloansandissuingsecurities.Currently,theCompanyhassteadyfinancialsituationandgoodcreditcondition,andwillfurtherstrictlycontrolfinancialrisks,activelyexplorevariousfinancingchannelssoastoraisefundsforprojectdevelopmentinthefuture.TheabovebusinessplanandbusinessobjectivesdonotrepresentthelistedCompany’sprofitforecastfor2024.Whetheritcanbeachieveddependsonvariousfactorsincludingchangesinmarketconditionsandtheeffortmadebythemanagementteam.Investorsmustpayspecialattentiontothatbecausethereexistshugeuncertainty.
XIImplementationoftheActionPlanfor“DualEnhancementofQualityandProfitability”
HastheCompanydiscloseditsActionPlanfor“DualEnhancementofQualityandProfitability”
□Yes?No
PartIVCorporateGovernance
IAnnualandExtraordinaryGeneralMeetingConvenedduringtheReportingPeriod
1.GeneralMeetingsConvenedduringtheReportingPeriod
| Meeting | Type | Investorparticipationratio | Conveneddate | Disclosuredate | Resolutionofthemeeting |
| The2023AnnualGeneralMeeting | AnnualGeneralMeeting | 60.52% | 19April2024 | 20April2024 | TheMeetingconsideredandapprovedtheReportontheWorkoftheBoardofDirectorsfor2023,theReportontheWorkoftheSupervisoryCommitteefor2023,theAnnualReport2023andSummary,theReportontheFinancialAccountsfor2023,theReportontheFinancialBudgetfor2024,theProposalontheDistributionofProfitsandCapitalizationofCapitalReservefor2023,theProposalontheComprehensiveCreditLineandFinancingLimitfor2024andtheProposaltoExpectContinuingRelated-partyTransactionsfor2024,etc.Fordetails,pleaserefertotheAnnouncementonResolutionsoftheAnnualGeneralMeetingofShareholdersfor2023withthenumber2024-16onCninfo(www.cninfo.com.cn). |
| The1stExtraordinaryGeneralMeetingof2024 | ExtraordinaryGeneralMeeting | 60.51% | 20June2024 | 21June2024 | TheMeetingconsideredandapprovedtheProposalonProvidingGuaranteesforSubsidiariestoApplyforLoanLinesofCreditfromBanks.Fordetails,pleaserefertotheAnnouncementonResolutionsofthe1stExtraordinaryGeneralMeetingof2024withthenumber2024-26onCninfo(www.cninfo.com.cn). |
2.ExtraordinaryGeneralMeetingsConvenedattheRequestofPreferenceShareholderswithResumedVotingRights
□Applicable?Notapplicable
IIChangesinDirectors,SupervisorsandSeniorManagement
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.SeetheAnnualReport2023fordetails.IIIInterimDividendPlan
□Applicable?NotapplicableTheCompanyhasnointerimdividendplan,eitherintheformofcashorstock.
IVEquityIncentivePlans,EmployeeStockOwnershipPlansorOtherIncentiveMeasuresforEmployees
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
PartVEnvironmentalandSocialResponsibilityIMajorEnvironmentalIssues
IndicatebytickmarkwhethertheCompanyoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
□Yes?NoAdministrativepenaltiesimposedforenvironmentalissuesduringtheReportingPeriod
| Nameofthecompanyorsubsidiarycompany | Penaltyreason | Violationsituation | Penaltyresult | Impactontheproductionandoperationofthelistedcompanies | RemediationmeasuresoftheCompany |
| N/A | N/A | N/A | N/A | N/A | N/A |
OtherenvironmentalinformationdisclosedwithreferencetokeyemissionunitsTheCompanyattachesgreatimportancetoenvironmentalprotectionandstrictlyimplementsrelevantlawsandregulations.DuringtheReportingPeriod,nomajorenvironmentalviolationsoccurredandnoadministrativepenaltieswereimposedonenvironmentalprotection.ActionstakentoreducecarbondioxideemissionsduringtheReportingPeriodandtheimpact:
□Applicable?NotapplicableReasonsfornotdisclosingotherenvironmentalinformationNeithertheCompanynoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
IISocialResponsibility
1.SZPRDorganizedsubordinateenterprisestoprovidepairedconsumptionaidsforhigh-qualitydevelopment,boostingruralrevitalization.
2.AsanimportantlandmarkinShenzhen,theInternationalTradeCentreBuildinghasalwaysplayedanimportantroleinpromotingeconomicandsocialdevelopment.Throughrichexhibitsanddetailedhistoricalinformation,thehistoricaldisplaytrulyrestoresthe“ShenzhenSpeed”duringtheconstructionoftheInternationalTradeCentreBuildingandthe“SouthTourSpeech”madebyDengXiaoping.From1January2024to30June2024,thehistoricaldisplayreceived148visitsfromvariousplaces,totaling4,572people,effectivelypromotingtheunitedfrontpropagandaandeducationandsocialscienceeducationinShenzhen.
PartVISignificantEventsICommitmentsoftheCompany’sDeFactoController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandOtherEntitiesFulfilledintheReportingPeriodorOngoingatthePeriod-End
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
IIOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
IIIIrregularitiesintheProvisionofGuarantees
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
IVEngagementandDisengagementofIndependentAuditorAretheinterimfinancialstatementsaudited?
□Yes?NoThisInterimReportisunaudited.
VExplanationsGivenbytheBoardofDirectorsandtheSupervisoryCommitteeRegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsoftheReportingPeriod
□Applicable?NotapplicableVIExplanationsGivenbytheBoardofDirectorsRegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsofLastYear
□Applicable?Notapplicable
VIIInsolvencyandReorganization
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
VIIILegalMatters
Significantlawsuitsandarbitrations:
?Applicable□Notapplicable
| Generalinformation | Involvedamount(RMB’0,000) | Provision | Progress | Decisionsandeffects | Executionofdecisions | Disclosuredate | Indextodisclosedinformation |
| ArbitrationcaseofpropertycontractdisputebetweentheFourthOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark(Applicant)andShenzhenITCTechnologyParkServiceCo.,Ltd.(Respondent1),theBranchinHigh-TechZone(Respondent2)forSoftwareParkPhaseI.TheApplicantrequestedanawardtotheRespondent1and2toreturntheowners'publicrevenueandbeartheattorney'sfees. | 73.53 | Not | Closed | TheCompanyreceivedtwoarbitrationawardson23and24March2023.ForthearbitrationcaseoverthedisputewiththeSciencePark'sCorporateOwnersCommittee,ithasrejectedallrequestsofthecounterparty,anditsHigh-techZoneBranchhasreturnedthepublicspaceoccupationfeeofaboutRMB540,000totheCorporateOwnersCommittee. | Asaresultoftheturnoverintheowners'committee,thenewcommitteehasnotbeenformedyet,andthereisnocorporateaccount.Discussionshavetakenplacewiththecourt,leadingtoatemporarysuspensionofpayment. | ||
| ShenzhenQitianSunshineHotelManagementCo.,Ltd.(plaintiff)suedShenZhenProperties&ResourcesDevelopment(Group)Ltd.(defendant)forpropertyleasingcontractdispute,requestingthedefendanttopaycompensationforinteriordecorationoftherelocatedhouseandrelocationfeeoftheleasedhouseandtoreturnthesubsidyfeeoftheleasedhouse,etc.ThefirstinstancejudgmentreadsthattheplaintiffShenzhenQitian | 105.09 | Not | ShenzhenQitianSunshineHotelManagementCo.,Ltd.filedaretrial. | TheHigherPeople'sCourtofGuangdongProvincehasrejectedthe7DaysInn'sapplicationforaretrial. | Enforcement,retrialprocess |
| SunshineHotelManagementCo.,Ltd.shallpayrentofRMB1,050,913.6tothedefendantShenZhenProperties&ResourcesDevelopment(Group)Ltd.within10daysfromtheeffectivedateofthisjudgment.Thesecond-instancecourtrejectedtheappealfromQitianHotel,upheldtheoriginalverdict,andQitianHotelhasnowappliedforretrial. | |||||||
| SincetheviolationoftheEquityTransferContractfortheUrbanRenewalProjectinBanglingCommunity,GuanlanSubdistrict,LonghuaDistrict,ShenzhenCitycommittedbytheShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.constitutedmaterialbreachofcontract,accordingtoprovisionsofthecontract,theCompanyisentitledtorequireShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.topaycompensationforitsinvestmentlossatanannualinterestrateof11%ofthecapitaltheCompanyinvestedintheBanglingproject.Therefore,theCompanyfiledanarbitration. | 5085.23 | Not | Applicationforenforcementhasbeenfiled | RulingthatXinhaiRongyaoshouldpayRMB50millionininvestmentlosscompensationtoSZPRD;XinhaiRongyaomustpledgeandregisterits30%equityinterestinRongyaoRealEstatetoSZPRD;XinhaiRongyaocompensatesSZPRDforlawyerfeesofRMB150,000,preservationfeesofRMB3,000,preservationinsurancefeesofRMB41,120.84,andarbitrationfeesofRMB658,188.60. | Inexecution | ||
| On26February2019,theCompanysignedRepaymentAgreementwithRongyaoRealEstate,ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.andShenzhen | 72,218.22 | Not | Whenanarbitratorwastobeappointedtosetupanarbitrationtribunalforthecase,therespondent | Notyet | Notyet | 9June2023 | Fordetails,pleaserefertotheAnnouncementonMajorArbitratio |
| XinhaiHoldingCo.,Ltd.Fordetails,seeAnnouncementontheSigningofRepaymentAgreement(AnnouncementNo.:2019-9)disclosedbytheCompanyonhttp://www.cninfo.com.cn.AccordingtoprovisionsoftheRepaymentAgreement,ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.andShenzhenXinhaiHoldingCo.,Ltd.acknowledgetosettletheirdebtstoRongyaoRealEstate.However,ShenzhenXinhaiInvestmentDevelopmentCo.,Ltd.,ShenzhenChengjianRealEstateManagementCo.,Ltd.,ShenzhenLianghongIndustryCo.,Ltd.andShenzhenHuayeTianchengInvestmentCo.,Ltd.,astheirguarantorswhoassumejointandseveralliability,failedtosettlealldebtsasrequiredbytheagreement.Therefore,RongyaoRealEstatefiledanarbitration. | initiatedaproceedingattheShenzhenIntermediatePeople'sCourtseekingconfirmationofthevalidityofthearbitrationagreement,causingtheArbitrationCourttotemporarilysuspenditshearingofthecase.On26February2024,theShenzhenIntermediatePeople'sCourtmadearuling,rejectingtheapplicationmadebyXinhaiHoldingtoconfirmthevalidityofthearbitrationagreement.On29July2024,RongyaoRealEstatereceivedtheShenzhenCourtofInternationalArbitration'sNoticeofResumptionofArbitrationProcedure[(2023)ShenguozhongshouNo.2970-10],whichshowedthat | nofSubsidiary(No.:2023-13),AnnouncementonProgressofMajorArbitrationofSubsidiary(No.:2023-21)andAnnouncementonProgressofMajorArbitrationofSubsidiary(No.:2024-31)disclosedbytheCompanyonCninfo. |
| inviewofthefactthattheShenzhenIntermediatePeople'sCourtofGuangdongProvincehadmadetheCivilRuling([2023]Yue03MinteNo.1308)rejectingtherespondent'sapplicationtoconfirmtheinvalidityofthearbitrationagreement,thecourtheldthatthereasonforsuspendingthearbitrationprocedurehaddisappearedanddecidedtoresumethearbitrationprocedureinthiscase.ThecasewillbeheardattheShenzhenCourtofInternationalArbitrationon30August2024. | |||||
| Summaryofothercontractdisputes | 9,681 | SeePartXFinancialReport-XVI-2 | SeePartXFinancialReport-XVI-2 | SeePartXFinancialReport-XVI-2 | SeePartXFinancialReport-XVI-2 |
Otherlegalmatters
□Applicable?Notapplicable
IXPunishmentsandRectifications
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
XCreditQualityoftheCompanyaswellasitsControllingShareholderandDeFactoController
□Applicable?Notapplicable
XIMajorRelated-PartyTransactions
1.ContinuingRelated-PartyTransactions
?Applicable□Notapplicable
| Relatedparty | RelationshipwiththeCompany | Typeoftransaction | Specifictransaction | Pricingprinciple | Transactionprice | Totalvalue(RMB’0,000) | As%oftotalvalueofallsame-typetransactions | Approvedtransactionline(RMB’0,000) | Overtheapprovedlineornot | Methodofsettlement | Obtainablemarketpriceforsame-typetransactions | Disclosuredate | Indextodisclosedinformation |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningsalesofcommodityandprovidingoflabors | Propertymanagementservices | Marketprinciple | Agreementprice | 3,821.38 | 4.95% | 6,969.03 | No | Cash | 3,821.38 | 30March2024 | AnnouncementonEstimatedContinuingRelated-partyTransactionsin2024(No.:2024-09)disclosedonCninfo |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Sub-subsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningsalesofcommodityandprovidingoflabors | Propertymanagementservicesandengineeringservices | Marketprinciple | Agreementprice | 1,652.59 | 2.14% | 4,249 | No | Cash | 1,652.59 | ||
| ShenzhenBayTechnologyDevel | Wholly-ownedsubsidiary | Related-partytransactionsgover | Managementservices | Marketprinciple | Agreementprice | 3,357.16 | 5.40% | 7,276.18 | No | Cash | 3,357.16 |
| opmentCo.,Ltd. | oftheCompanyastheparent | ningpurchaseofcommodityandreceivingoflabors | |||||||||||
| ShenzhenShentouRealEstateDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Trusteeship | Trusteemanagementservicesofhouses | Marketprinciple | Agreementprice | 3,245.49 | 45.93% | 6,446.58 | No | Cash | 3,245.49 | ||
| Total | -- | -- | 12,076.62 | -- | 24,940.79 | -- | -- | -- | -- | -- | |||
| Large-amountsalesreturnindetail | N/A | ||||||||||||
| GivetheactualsituationintheReportingPeriod(ifany)whereanestimatehadbeenmadeforthetotalvalueofcontinuingrelated-partytransactionsbytypetooccurintheReportingPeriod | Thetotalamountofcontinuingrelated-partytransactionsoftheCompanyin2024isexpectedtobeRMB405,580,900,andactualtotalamountofcontinuingrelated-partytransactionsinH12024islowerthantheapprovedline. | ||||||||||||
| Reasonforanysignificantdifferencebetweenthetransactionpriceandthemarketreferenceprice(ifapplicable) | N/A | ||||||||||||
2.Related-PartyTransactionsRegardingPurchaseorDisposalofAssetsorEquityInvestments
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
3.Related-PartyTransactionsRegardingJointInvestmentsinThirdParties
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
4.CreditsandLiabilitieswithRelatedParties
?Applicable□NotapplicableIndicatebytickmarkwhethertherewereanycreditsandliabilitieswithrelatedpartiesfornon-operatingpurposes.?Yes□NoAmountsduefromrelatedparties:
| Relatedparty | RelationshipwiththeCompany | Reason | Capitaloccupationfornon-operatingpurposes(yes/no) | Beginningbalance(RMB’0,000) | Amountnewlyaddedincurrentperiod(RMB’0,000) | Amountreceivedincurrentperiod(RMB’0,000) | Interestrate | Currentinterest(RMB’0,000) | Endingbalance(RMB’0,000) |
| Shenzhen | The | Business | No | 20,150 | 20,150 |
| XinhaiHoldingsCo.,Ltd. | parentcompanyofthesubsidiaryRongyaoRealEstate’sminorityshareholderXinhaiRongyao | circulatingfundsbeforeacquisition | ||||
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | MinorityshareholderofthesubsidiaryRongyaoRealEstate | Businesscirculatingfundsbeforeacquisition | No | 33,047.29 | 33,047.29 | |
| InfluenceontheCompany’soperatingresultsandfinancialcondition | AllwerewithintheriskscontroloftheCompanyandnotinfluencedtheoperatingresultsandthefinancialconditions. | |||||
Amountsduetorelatedparties:
| Relatedparty | RelationwiththeCompany | Formationreason | Beginningbalance(RMB’0,000) | Amountnewlyaddedincurrentperiod(RMB’0,000) | Amountreturnedincurrentperiod(RMB’0,000) | Interestrate | Currentinterest(RMB’0,000) | Endingbalance(RMB’0,000) |
| ShenzhenJifaWarehouseCo.,Ltd. | Jointventure | Currentaccount | 4,229.67 | 4,229.67 | ||||
| ShenzhenTian’anInternationalBuildingPropertyManagementCo.,Ltd. | Jointventure | Currentaccount | 521.43 | 521.43 | ||||
| InfluenceontheCompany’soperatingresultsandfinancialcondition | AllwerewithintheriskscontroloftheCompanyandnotinfluencedtheoperatingresultsandthefinancialconditions. | |||||||
5.TransactionswithRelatedFinanceCompanies
□Applicable?NotapplicableTheCompanydidnotmakedepositsin,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedfinancecompanyoranyotherrelatedparties.
6.TransactionswithRelatedPartiesbyFinanceCompaniesControlledbytheCompany
□Applicable?NotapplicableThefinancecompanycontrolledbytheCompanydidnotmakedeposits,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedparties.
7.OtherMajorRelated-PartyTransactions
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
XIIMajorContractsandExecutionthereof
1.Entrustment,ContractingandLeases
(1)Entrustment
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
(2)Contracting
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
(3)Leases
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
2.Majorguarantees?Applicable□Notapplicable
Unit:RMB'0,000
| GuaranteesprovidedbytheCompanyastheparentanditssubsidiariesforexternalparties(exclusiveofthoseforsubsidiaries) | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| GuaranteesprovidedbytheCompanyforitssubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| ShenzhenRongyaoRealEstateDevelopment | 18October2019 | 500,000 | 27November2019 | 338,165 | Joint-liability | Equity,landuseright | 27November2019to17March2026 | No | No | |
| Co.,Ltd. | ||||||||||
| YangzhouWuheRealEstateCo.,Ltd. | 5June2024 | 67,000 | 25July2024 | 17,592.67 | Joint-liability | 25July2024to18January2029 | No | No | ||
| TotalapprovedlineforsuchguaranteesintheReportingPeriod(A1) | 67,000 | TotalactualamountofsuchguaranteesintheReportingPeriod(A2) | 16,364.57 | |||||||
| TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(A3) | 567,000 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(A4) | 338,165.34 | |||||||
| GuaranteesprovidedbytheCompanyforitssubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| Guaranteesprovidedbetweensubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| Totalguaranteeamount(totalofthethreekindsofguaranteesabove) | ||||||||||
| TotalguaranteelineapprovedintheReportingPeriod(A1+B1+C1) | 67,000 | TotalactualguaranteeamountintheReportingPeriod(A2+B2+C2) | 16,364.57 | |||||||
| TotalapprovedguaranteelineattheendoftheReportingPeriod(A3+B3+C3) | 567,000 | TotalactualguaranteebalanceattheendoftheReportingPeriod(A4+B4+C4) | 338,165.34 | |||||||
| Totalactualguaranteeamount(A4+B4+C4)as%oftheCompany’snetassets | 75.39% | |||||||||
| Ofwhich: | ||||||||||
| Balanceofdebtguaranteesprovideddirectlyorindirectlyforobligorswithanover70%debt/assetratio(E) | 338,165.34 | |||||||||
| Totalofthethreeamountsabove(D+E+F) | 338,165.34 | |||||||||
Compoundguarantees:
3.CashEntrustedforWealthManagement
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
4.OtherMajorContracts
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
XIIIOtherSignificantEvents
?Applicable□Notapplicable(I)RegardingtheChangeofControllingShareholders’EquityDuringtheReportingPeriod,theCompanyreceivednotificationfromShenzhenInvestmentHoldingsCo.,Ltd.("SIHC"),thecontrollingshareholderoftheCompany,thatduetotheexecutionofacourtjudgment,1,730,300restrictedsharesoftheCompanyheldbyShenzhenDuty-FreeCommodityEnterprisesCo.,Ltd.hadbeentransferredtothenameofSIHC.ThenumberofsharesoftheCompanyheldbySIHCanditsconcertpartiesincreasedfrom339,452,527shares(representing56.957%ofthetotalsharecapitaloftheCompany)to341,182,827shares(representing57.247%ofthetotalsharecapitaloftheCompany).Fordetails,pleaserefertotheAnnouncementontheChangeofControllingShareholders'Equity(No.2024-04)disclosedbytheCompanyonCninfo(http://www.cninfo.com.cn).(II)RegardingtheprovisionofguaranteesforsubsidiarytoapplyforloansfrombanksDuringtheReportingPeriod,tomeetthecapitalneedsofthesubsidiaryYangzhouWuheRealEstateCo.,Ltd.(hereinafterreferredtoas"YangzhouWuhe")fordevelopmentandconstructionofShenyangDigitalTown,YangzhouWuheintendedtoapplyforloansofnomorethanRMB1billionfrombanksandotherfinancialinstitutions,whichwillbeusedforthedevelopment,constructionandday-to-dayoperationofShenyangDigitalTown.TheBoardofDirectorsagreedthattheCompanywouldenterintoguaranteeagreementswithbanksandotherfinancialinstitutionstoprovideguaranteesofnomorethanRMB670millionforYangzhouWuhetoapplyfortheloans.Fordetailedprogress,pleaserefertotheAnnouncementonProvidingGuaranteesfortheSubsidiarytoApplyforLoansfromBanks(AnnouncementNo.2024-20)andAnnouncementonProgressofProvidingGuaranteesfortheSubsidiarytoApplyforLoansfromBanks(AnnouncementNo.2024-30)disclosedbytheCompanyonhttp://www.cninfo.com.cn.(III)Regardingjointstockcompany'sconclusionofthehousingexpropriationcompensationagreementDuringtheReportingPeriod,theCompany'sjointstockcompany,ShenzhenRealEstateJifaWarehousingCo.,Ltd.,concludedtheHousingExpropriationCompensationAgreementwithShenzhenYantianDistrictLandMaintenanceAffairsCenter.Forthecompensationamount,pleaserefertotheRealEstateValuationReportonHousingExpropriationofthePingyanRailwayRenovationProject(YantianSection)issuedbyGuozhonglianAssetEvaluationLandandRealEstateValuationCo.,Ltd.Fordetailedprogress,pleaserefertotheAnnouncementonJointStockCompany'sConclusionoftheHousingExpropriationAgreement(AnnouncementNo.2024-25)andAnnouncementonProgressofJointStockCompany'sReceiptoftheHousingExpropriationCompensation(AnnouncementNo.2024-27)disclosedbytheCompanyonhttp://www.cninfo.com.cn.(IV)Regardingshareholder'stransferofpartoftheCompany'ssharesunderagreementandequitychangeDuringtheReportingPeriod,theCompanyreceivedanoticefromthecontrollingshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.(hereinafterreferredtoas"SIHC"),statingthatitconcludedaShareTransferAgreementwithChinaOrientAssetManagementCo.,Ltd.(hereinafterreferredtoas"ChinaOrient")on28June2024,pursuanttowhichitintendstotransferits
unrestrictedoutstandingshares(29,799,000shares)intheCompanyandallshareholderequitiesarisingfromthemtoChinaOrient,whichaccountfor5.00%oftheCompany'stotalsharecapital.Afterthetransfer,SIHCwillhold273,345,937sharesintheCompany,accountingfor45.87%oftheCompany'stotalsharecapital,andChinaOrientwillhold46,290,402sharesintheCompany,accountingfor7.77%oftheCompany'stotalsharecapital.ThisequitychangedoesnotcausechangesintheCompany'scontrollinginterest.Fordetails,pleaserefertotheSuggestiveAnnouncementonShareholder'sTransferofPartoftheCompany'sSharesunderAgreementandEquityChange(AnnouncementNo.2024-28)disclosedbytheCompanyonhttp://www.cninfo.com.cn.
XIVSignificantEventsofSubsidiaries
□Applicable?Notapplicable
PartVIIShareChangesandShareholderInformation
IShareChanges
1.ShareChanges
Unit:share
| Before | Increase/decreaseintheReportingPeriod(+/-) | After | |||||||
| Shares | Percentage(%) | Newissues | Sharesasdividendconvertedfromprofit | Sharesasdividendconvertedfromcapitalreserves | Other | Subtotal | Shares | Percentage(%) | |
| I.Restrictedshares | 1,898,306 | 0.32% | 0 | 0 | 0 | 0 | 0 | 1,898,306 | 0.32% |
| 1.SharesheldbyState | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 2.Sharesheldbystate-ownedlegalperson | 3,326 | 0.00% | 0 | 0 | 0 | +1,730,300 | 0 | 1,733,626 | 0.29% |
| 3.Sharesheldbyotherdomesticinvestors | 1,894,980 | 0.32% | 0 | 0 | 0 | -1,730,300 | 0 | 164,680 | 0.03% |
| Amongwhich:Sharesheldbydomesticlegalperson | 1,894,980 | 0.32% | 0 | 0 | 0 | -1,730,300 | 0 | 164,680 | 0.03% |
| Sharesheldbydomesticnaturalperson | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 4.Sharesheldbyforeigninvestors | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| Amongwhich:Sharesheldbyforeignlegalperson | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| Sharesheldbyforeignnaturalperson | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| II.Unrestrictedshares | 594,080,786 | 99.68% | 0 | 0 | 0 | 0 | 0 | 594,080,786 | 99.68% |
| 1.RMBcommonshares | 526,475,543 | 88.34% | 0 | 0 | 0 | 0 | 0 | 526,475,543 | 88.34% |
| 2.Domesticallylistedforeignshares | 67,605,243 | 11.34% | 0 | 0 | 0 | 0 | 0 | 67,605,243 | 11.34% |
| 3.Overseaslistedforeignshares | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 4.Others | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| III.Totalshares | 595,979,092 | 100.00% | 0 | 0 | 0 | 0 | 0 | 595,979,092 | 100.00% |
Reasonsforsharechanges:
?Applicable□NotapplicableDuringtheReportingPeriod,theCompanyreceivednotificationfromShenzhenInvestmentHoldingsCo.,Ltd.("SIHC"),thecontrollingshareholderoftheCompany,thatduetotheexecutionofacourtjudgment,1,730,300restrictedsharesoftheCompanyheldbyShenzhenDuty-FreeCommodityEnterprisesCo.,Ltd.hadbeentransferredtothenameofSIHC.Fordetails,pleaserefertotheAnnouncementontheChangeofControllingShareholders'Equity(No.2024-04)disclosedbytheCompanyonCninfo(http://www.cninfo.com.cn).Approvalofsharechanges:
□Applicable?NotapplicableTransferofshareownership:
?Applicable□NotapplicableOn4March2024,1,730,300restrictedsharesoftheCompanyheldbyShenzhenDuty-FreeCommodityEnterprisesCo.,Ltd.hadbeentransferredtothenameofSIHCbyShenzhenBranchofChinaSecuritiesDepositoryandClearingCo.,Ltd.Fordetails,pleaserefertotheAnnouncementontheChangeofControllingShareholders'Equity(No.2024-04)disclosedbytheCompanyonCninfo(http://www.cninfo.com.cn).Progressonanysharerepurchases:
□Applicable?NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding:
□Applicable?NotapplicableEffectsofsharechangesonthebasicanddilutedearningspershare,equitypershareattributabletotheCompany’sordinaryshareholdersandotherfinancialindicatorsoftheprioryearandtheprioraccountingperiod,respectively:
□Applicable?NotapplicableOtherinformationthattheCompanyconsidersnecessaryorisrequiredbythesecuritiesregulatortobedisclosed:
?Applicable□NotapplicableFordetailsaboutthetransferofpartoftheCompany’ssharesbytheCompany’scontrollingshareholdersviaagreementandchangesofcontrollingshareholders’equity,pleaserefertoNoteXIII.OtherSignificantEvents.
2.ChangesinRestrictedShares
□Applicable?Notapplicable
IIIssuanceandListingofSecurities
□Applicable?Notapplicable
IIIShareholdersandTheirHoldingsasatthePeriod-End
Unit:share
| Totalnumberofordinaryshareholdersattheperiod-end | 38,242 | Totalnumberofpreferenceshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | |||||
| 5%orgreaterordinaryshareholdersorthetop10ordinaryshareholders(exclusiveofshareslentinrefinancing) | ||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage(%) | Totalsharesheldattheperiod-end | Increase/decreaseduringtheReportingPeriod | Numberofrestrictedsharesheld | Numberofnon-restrictedsharesheld | Pledged,markedorfrozenshares | |
| Status | Number | |||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | State-ownedlegalperson | 50.87% | 303,144,937 | +1,730,300 | 1,733,626 | 301,411,311 | N/A | 0 |
| ShenzhenState-ownedEquityManagementCo.,Ltd. | Domesticnon-state-ownedlegalperson | 6.38% | 38,037,890 | 0 | 0 | 38,037,890 | N/A | 0 |
| ChinaOrientAssetManagementCo.,Ltd. | State-ownedlegalperson | 2.77% | 16,491,402 | 0 | 0 | 16,491,402 | N/A | 0 |
| WangZhong | Domesticnaturalperson | 0.42% | 2,500,000 | +920,000 | 0 | 2,500,000 | N/A | 0 |
| IndustrialandCommercialBankofChinaLimited－SouthernChinaSecuritiesFullIndexRealEstateTradingOpen-endedIndexSecuritiesInvestmentFund | Other | 0.36% | 2,135,434 | +496,600 | 0 | 2,135,434 | N/A | 0 |
| HongKongSecuritiesClearingCompanyLtd. | Foreignlegalperson | 0.31% | 1,859,738 | -1,609,609 | 0 | 1,859,738 | N/A | 0 |
| DuanShaoteng | Domesticnaturalperson | 0.30% | 1,760,565 | 0 | 0 | 1,760,565 | N/A | 0 |
| YangYaochu | Domesticnaturalperson | 0.29% | 1,728,084 | +37,100 | 0 | 1,728,084 | N/A | 0 |
| LiXinyi | Domesticnaturalperson | 0.25% | 1,500,000 | 0 | 0 | 1,500,000 | N/A | 0 |
| MaiFurong | Domesticnaturalperson | 0.21% | 1,248,596 | +4,000 | 0 | 1,248,596 | N/A | 0 |
| Strategicinvestororgenerallegalpersonbecomingatop-10ordinaryshareholderduetorightsissue(ifany) | N/A | |||||||
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | Thelargestshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.,isthecontrollingshareholderoftheCompanyandShenzhenState-ownedEquityManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. | |||||||
| Explainifanyofthe | N/A | |||||||
| shareholdersabovewasinvolvedinentrusting/beingentrustedwithvotingrightsorwaivingvotingrights | |||
| Specialaccountforsharerepurchases(ifany)amongthetop10shareholders | N/A | ||
| Top10unrestrictedshareholders(exclusiveofshareslentinrefinancingandexecutivelock-upshares) | |||
| Nameofshareholder | Unrestrictedsharesheldattheperiod-end | Sharesbytype | |
| Type | Shares | ||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 301,411,311 | RMBordinaryshare | 301,411,411 |
| ShenzhenState-ownedEquityManagementCo.,Ltd. | 38,037,890 | RMBordinaryshare | 38,037,890 |
| ChinaOrientAssetManagementCo.,Ltd. | 16,491,402 | RMBordinaryshare | 16,491,402 |
| WangZhong | 2,500,000 | RMBordinaryshare | 2,500,000 |
| IndustrialandCommercialBankofChinaLimited－SouthernChinaSecuritiesFullIndexRealEstateTradingOpen-endedIndexSecuritiesInvestmentFund | 2,135,434 | RMBordinaryshare | 2,135,434 |
| HongKongSecuritiesClearingCompanyLtd. | 1,859,738 | RMBordinaryshare | 1,859,738 |
| DuanShaoteng | 1,760,565 | RMBordinaryshare | 1,760,565 |
| YangYaochu | 1,728,084 | Domesticallylistedforeignshare | 1,728,084 |
| LiXinyi | 1,500,000 | RMBordinaryshare | 1,500,000 |
| MaiFurong | 1,248,596 | Domesticallylistedforeignshare | 1,248,596 |
| Relatedoracting-in-concertpartiesamongtop10unrestrictedpublicshareholders,aswellasbetweentop10unrestrictedpublicshareholdersandtop10shareholders | Thelargestshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.,isthecontrollingshareholderoftheCompanyandShenzhenState-ownedEquityManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. | ||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | AttheendoftheReportingPeriod,amongaboveshareholders,theshareholderDuanShaotengheldallsharesoftheCompanyviahiscreditsecuritiesaccount. | ||
5%orgreatershareholders,top10shareholdersandTop10unrestrictedshareholdersinvolvedinrefinancingshareslending
□Applicable?NotapplicableChangesintop10shareholdersandtop10unrestrictedshareholdersduetorefinancingshareslending/returncomparedwiththepriorperiod
□Applicable?NotapplicableIndicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes?NoNosuchcasesintheReportingPeriod.
IVChangeinShareholdingsofDirectors,SupervisorsandSeniorManagement
□Applicable?NotapplicableTherewerenochangesinshareholdingsofdirectors,supervisors,andseniormanagementintheReportingPeriod.Fordetails,seethe2023AnnualReport.VChangeoftheControllingShareholderortheActualControllerChangeofthecontrollingshareholderintheReportingPeriod
□Applicable?NotapplicableThecontrollingshareholderremainedthesameintheReportingPeriod.ChangeoftheactualcontrollerintheReportingPeriod
□Applicable?NotapplicableTheactualcontrollerremainedthesameintheReportingPeriod.
PartVIIIPreferenceShares
□Applicable?NotapplicableNopreferencesharesintheReportingPeriod.
PartIXBonds
□Applicable?Notapplicable
PartXFinancialStatementsI.Auditor’sReport
Aretheseinterimfinancialstatementsauditedbyanindependentauditor?
□Yes?NoTheseinterimfinancialstatementshavenotbeenauditedbyanindependentauditor.
IIFinancialStatements
Currencyunitforthefinancialstatementsandthenotesthereto:RMB
1.ConsolidatedBalanceSheet
PreparedbyShenzhenProperties&ResourcesDevelopment(Group)Ltd.
30June2024
Unit:RMB
| Item | 30June2024 | 1January2024 |
| Currentassets: | ||
| Monetaryassets | 1,885,846,531.69 | 2,748,798,476.72 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 525,349,243.53 | 502,806,453.88 |
| Accountsreceivablefinancing | ||
| Prepayments | 12,652,784.00 | 11,983,086.35 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 606,627,612.52 | 624,394,372.82 |
| Including:Interestreceivable | 0.00 | 0.00 |
| Dividendsreceivable | 0.00 | 0.00 |
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 11,584,703,198.76 | 11,098,209,095.74 |
| Including:Dataresource | ||
| Contractassets | 724,882.35 | 844,485.57 |
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 172,158,013.65 | 127,774,825.51 |
| Totalcurrentassets | 14,788,062,266.50 | 15,114,810,796.59 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 84,470,493.08 | 84,057,750.55 |
| Investmentsinotherequity | 437,618.97 | 636,926.20 |
| instruments | ||
| Othernon-currentfinancialassets | ||
| Investmentproperty | 369,472,806.82 | 386,810,800.47 |
| Fixedassets | 58,895,644.84 | 66,436,408.90 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 20,632,466.91 | 23,516,796.22 |
| Intangibleassets | 746,256.59 | 889,801.14 |
| Including:Dataresource | ||
| Developmentcosts | ||
| Including:Dataresource | ||
| Goodwill | 9,446,847.38 | 9,446,847.38 |
| Long-termprepaidexpense | 22,825,786.74 | 21,510,397.88 |
| Deferredincometaxassets | 1,298,889,053.69 | 1,276,440,386.83 |
| Othernon-currentassets | 4,783,032.03 | 3,505,155.93 |
| Totalnon-currentassets | 1,870,600,007.05 | 1,873,251,271.50 |
| Totalassets | 16,658,662,273.55 | 16,988,062,068.09 |
| Currentliabilities: | ||
| Short-termborrowings | 50,036,250.00 | 230,915,000.00 |
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 497,647,577.28 | 662,869,059.59 |
| Advancesfromcustomers | 811,650.90 | 2,265,223.56 |
| Contractliabilities | 846,699,653.68 | 820,424,953.42 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 174,093,714.50 | 218,786,111.78 |
| Taxespayable | 3,949,179,575.54 | 4,026,957,347.94 |
| Otherpayables | 1,156,391,495.32 | 1,217,303,294.25 |
| Including:Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 12,202,676.04 | 12,202,676.04 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 3,457,663,129.19 | 3,092,324,853.07 |
| Othercurrentliabilities | 71,429,755.09 | 68,373,661.13 |
| Totalcurrentliabilities | 10,203,952,801.50 | 10,340,219,504.74 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 1,387,120,583.02 | 1,399,889,274.47 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 12,635,031.03 | 10,571,092.27 |
| Long-termpayables | 399,899,850.00 | 400,105,655.56 |
| Long-termemployeebenefitspayable |
| Provisions | 650,000.00 | 650,000.00 |
| Deferredincome | ||
| Deferredincometaxliabilities | 4,615,283.49 | 5,862,279.70 |
| Othernon-currentliabilities | 130,742,839.33 | 127,039,225.54 |
| Totalnon-currentliabilities | 1,935,663,586.87 | 1,944,117,527.54 |
| Totalliabilities | 12,139,616,388.37 | 12,284,337,032.28 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 80,488,045.38 | 80,488,045.38 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -3,162,651.27 | -3,352,337.88 |
| Specificreserve | ||
| Surplusreserves | 116,108,727.08 | 116,108,727.08 |
| Generalreserve | ||
| Retainedearnings | 3,695,853,783.28 | 3,872,586,802.17 |
| TotalequityattributabletoownersoftheCompanyastheparent | 4,485,266,996.47 | 4,661,810,328.75 |
| Non-controllinginterests | 33,778,888.71 | 41,914,707.06 |
| Totalowners’equity | 4,519,045,885.18 | 4,703,725,035.81 |
| Totalliabilitiesandowners’equity | 16,658,662,273.55 | 16,988,062,068.09 |
Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:CaiKelin
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 30June2024 | 1January2024 |
| Currentassets: | ||
| Monetaryassets | 794,064,392.46 | 1,477,419,010.01 |
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 114,596,179.95 | 120,029,158.78 |
| Accountsreceivablefinancing | ||
| Prepayments | ||
| Otherreceivables | 4,564,271,534.77 | 4,489,713,785.01 |
| Including:Interestreceivable | 0.00 | 0.00 |
| Dividendsreceivable | 0.00 | 0.00 |
| Inventories | 50,786,204.09 | 50,777,366.97 |
| Including:Dataresource | ||
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 9,882,008.43 | 2,617,751.73 |
| Totalcurrentassets | 5,533,600,319.70 | 6,140,557,072.50 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 1,374,961,894.18 | 1,374,549,151.65 |
| Investmentsinotherequityinstruments | 668,118.97 | 867,426.20 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 242,197,878.52 | 253,100,089.70 |
| Fixedassets | 17,458,095.16 | 22,373,578.76 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 1,989,665.00 | 2,700,397.70 |
| Intangibleassets | 3,723,999.98 | 3,887,333.33 |
| Including:Dataresource | ||
| Developmentcosts | ||
| Including:Dataresource | ||
| Goodwill | ||
| Long-termprepaidexpense | 190,246.64 | 380,493.32 |
| Deferredincometaxassets | 11,687,262.00 | 1,961,067.37 |
| Othernon-currentassets | 2,931,926,650.86 | 2,853,376,650.86 |
| Totalnon-currentassets | 4,584,803,811.31 | 4,513,196,188.89 |
| Totalassets | 10,118,404,131.01 | 10,653,753,261.39 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 59,354,150.33 | 77,667,521.25 |
| Advancesfromcustomers | 227.00 | |
| Contractliabilities | ||
| Employeebenefitspayable | 42,666,605.46 | 57,605,546.32 |
| Taxespayable | 3,912,105.08 | 75,570,618.96 |
| Otherpayables | 7,093,447,672.64 | 7,278,131,009.11 |
| Including:Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 29,642.40 | 29,642.40 |
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 433,056,613.11 | 63,605,554.05 |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 7,632,437,146.62 | 7,552,580,476.69 |
| Non-currentliabilities: | ||
| Long-termborrowings | 0.00 | 400,400,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 1,523,304.91 | 1,708,456.34 |
| Long-termpayables | 399,899,850.00 | 400,105,655.56 |
| Long-termemployeebenefitspayable | ||
| Provisions | ||
| Deferredincome | ||
| Deferredincometaxliabilities | 497,416.25 | 675,099.43 |
| Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 |
| Totalnon-currentliabilities | 441,920,571.16 | 842,889,211.33 |
| Totalliabilities | 8,074,357,717.78 | 8,395,469,688.02 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 53,876,380.11 | 53,876,380.11 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -3,207,936.35 | -3,004,584.80 |
| Specificreserve | ||
| Surplusreserves | 116,108,727.08 | 116,108,727.08 |
| Retainedearnings | 1,281,290,150.39 | 1,495,323,958.98 |
| Totalowners’equity | 2,044,046,413.23 | 2,258,283,573.37 |
| Totalliabilitiesandowners’equity | 10,118,404,131.01 | 10,653,753,261.39 |
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | H12024 | H12023 |
| 1.Revenue | 856,028,445.25 | 1,905,464,632.85 |
| Including:Operatingrevenue | 856,028,445.25 | 1,905,464,632.85 |
| Interestincome | ||
| Insurancepremiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 834,353,547.22 | 1,605,529,607.89 |
| Including:Costofsales | 669,091,472.18 | 1,372,159,884.25 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 10,447,340.39 | 45,190,786.03 |
| Sellingexpense | 9,106,255.87 | 13,087,297.05 |
| Administrativeexpense | 127,378,140.36 | 149,188,184.18 |
| R&Dexpense | 2,243,317.44 | 1,711,051.44 |
| Financecosts | 16,087,020.98 | 24,192,404.94 |
| Including:Interestexpense | 35,164,356.97 | 31,827,441.32 |
| Interestincome | 21,522,831.25 | 7,930,755.87 |
| Add:Otherincome | 2,428,205.18 | 5,670,088.91 |
| Returnoninvestment(“-”forloss) | 412,742.53 | 1,857,388.32 |
| Including:Shareofprofitorlossofjointventuresandassociates | 412,742.53 | 1,857,388.32 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -18,396,918.74 | -13,610,779.58 |
| Assetimpairmentloss(“-”forloss) | -5,858.65 | 2,045.93 |
| Assetdisposalincome(“-”forloss) | 26,055.97 | 174,379.69 |
| 3.Operatingprofit(“-”forloss) | 6,139,124.32 | 294,028,148.23 |
| Add:Non-operatingincome | 479,063.20 | -204,898.03 |
| Less:Non-operatingexpense | 436,385.09 | 357,718.39 |
| 4.Profitbeforetax(“-”forloss) | 6,181,802.43 | 293,465,531.81 |
| Less:Incometaxexpense | 4,860,162.97 | 78,819,275.76 |
| 5.Netprofit(“-”fornetloss) | 1,321,639.46 | 214,646,256.05 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 1,321,639.46 | 214,584,900.22 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | 0.00 | 61,355.83 |
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoshareholdersoftheCompanyastheparent(“-”fornetloss) | 9,212,457.81 | 220,903,444.63 |
| 5.2.2Netprofitattributabletonon-controllinginterests(“-”fornetloss) | -7,890,818.35 | -6,257,188.58 |
| 6.Othercomprehensiveincome,netoftax | 189,686.61 | 1,404,020.27 |
| AttributabletoownersoftheCompanyastheparent | 189,686.61 | 1,404,020.27 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -203,351.55 | -275,978.56 |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -203,351.55 | -275,978.56 |
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | 393,038.16 | 1,679,998.83 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | 393,038.16 | 1,679,998.83 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | 0.00 | 0.00 |
| 7.Totalcomprehensiveincome | 1,511,326.07 | 216,050,276.32 |
| AttributabletoownersoftheCompanyastheparent | 9,402,144.42 | 222,307,464.90 |
| Attributabletonon-controllinginterests | -7,890,818.35 | -6,257,188.58 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.0155 | 0.3707 |
| 8.2Dilutedearningspershare | 0.0155 | 0.3707 |
WherebusinesscombinationsundercommoncontroloccurredintheCurrentPeriod,thenetprofitachievedbytheacquireesbeforethecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLili
Headofthefinancialdepartment:CaiKelin
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | H12024 | H12023 |
| 1.Operatingrevenue | 32,037,213.48 | 1,003,621,923.84 |
| Less:Costofsales | 24,213,582.29 | 698,031,149.77 |
| Taxesandsurcharges | 2,975,547.74 | 8,373,564.71 |
| Sellingexpense | 399,234.24 | 406,096.84 |
| Administrativeexpense | 32,750,591.60 | 47,358,840.75 |
| R&Dexpense | ||
| Financecosts | 3,676,713.49 | 6,675,706.20 |
| Including:Interestexpense | 17,711,062.01 | 13,125,188.51 |
| Interestincome | 14,208,379.57 | 3,531,500.73 |
| Add:Otherincome | 176,813.10 | 252,975.99 |
| Returnoninvestment(“-”forloss) | 412,742.53 | 1,857,388.32 |
| Including:Shareofprofitorlossofjointventuresandassociates | 412,742.53 | 1,857,388.32 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -6,611,482.03 | 482,276.30 |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | 111,000.73 | |
| 2.Operatingprofit(“-”forloss) | -38,000,382.28 | 245,480,206.91 |
| Add:Non-operatingincome | 20,972.63 | 413,371.19 |
| Less:Non-operatingexpense | 12,800.05 | 15,573.60 |
| 3.Profitbeforetax(“-”forloss) | -37,992,209.70 | 245,878,004.50 |
| Less:Incometaxexpense | -9,903,877.81 | 62,647,086.56 |
| 4.Netprofit(“-”fornetloss) | -28,088,331.89 | 183,230,917.94 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | -28,088,331.89 | 183,230,917.94 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | -203,351.55 | -275,978.56 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | -203,351.55 | -275,978.56 |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -203,351.55 | -275,978.56 |
| 5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorloss |
| undertheequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | -28,291,683.44 | 182,954,939.38 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | H12024 | H12023 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 1,009,820,783.16 | 1,134,538,536.26 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 3,135,070.67 | 15,030,885.06 |
| Cashgeneratedfromotheroperatingactivities | 139,985,597.08 | 126,769,873.68 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,152,941,450.91 | 1,276,339,295.00 |
| Paymentsforcommoditiesandservices | 1,081,063,241.76 | 1,075,770,309.73 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 494,492,566.11 | 495,986,685.15 |
| Taxespaid | 171,598,817.27 | 157,276,244.25 |
| Cashusedinotheroperatingactivities | 142,613,927.21 | 127,327,714.02 |
| Subtotalofcashusedinoperatingactivities | 1,889,768,552.35 | 1,856,360,953.15 |
| Netcashgeneratedfrom/usedinoperatingactivities | -736,827,101.44 | -580,021,658.15 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | ||
| Returnoninvestment | 0.00 | 63,120.00 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 30,742.92 | 73,664.52 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 30,742.92 | 136,784.52 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 2,871,482.27 | 2,589,103.59 |
| Paymentsforinvestments | 0.00 | 1,644,822.69 |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 2,871,482.27 | 4,233,926.28 |
| Netcashgeneratedfrom/usedininvestingactivities | -2,840,739.35 | -4,097,141.76 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | ||
| Borrowingsraised | 394,087,970.55 | 590,984,586.17 |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 394,087,970.55 | 590,984,586.17 |
| Repaymentofborrowings | 217,573,410.08 | 32,316,662.00 |
| Interestanddividendspaid | 284,193,955.86 | 94,407,905.77 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | 245,000.00 | 245,000.00 |
| Cashusedinotherfinancingactivities | 18,445,740.54 | 15,224,062.82 |
| Subtotalofcashusedinfinancingactivities | 520,213,106.48 | 141,948,630.59 |
| Netcashgeneratedfrom/usedinfinancingactivities | -126,125,135.93 | 449,035,955.58 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | 134,202.79 | 2,054,469.55 |
| 5.Netincreaseincashandcashequivalents | -865,658,773.93 | -133,028,374.78 |
| Add:Cashandcashequivalents,beginningoftheperiod | 2,733,139,135.12 | 1,509,693,857.48 |
| 6.Cashandcashequivalents,endoftheperiod | 1,867,480,361.19 | 1,376,665,482.70 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | H12024 | H12023 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 22,258,298.22 | 65,620,304.10 |
| Taxrebates | ||
| Cashgeneratedfromotheroperatingactivities | 91,297,606.44 | 720,171,786.00 |
| Subtotalofcashgeneratedfromoperatingactivities | 113,555,904.66 | 785,792,090.10 |
| Paymentsforcommoditiesandservices | 35,001,840.90 | 30,896,291.92 |
| Cashpaidtoandforemployees | 31,155,015.18 | 31,086,528.03 |
| Taxespaid | 83,540,868.15 | 39,797,238.94 |
| Cashusedinotheroperatingactivities | 336,495,545.91 | 294,025,250.18 |
| Subtotalofcashusedinoperatingactivities | 486,193,270.14 | 395,805,309.07 |
| Netcashgeneratedfrom/usedinoperatingactivities | -372,637,365.48 | 389,986,781.03 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | ||
| Returnoninvestment | 0.00 | 63,120.00 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | ||
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 0.00 | 63,120.00 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 604,967.86 | 152,169.34 |
| Paymentsforinvestments | 78,000,000.00 | 148,000,000.00 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 78,604,967.86 | 148,152,169.34 |
| Netcashgeneratedfrom/usedininvestingactivities | -78,604,967.86 | -148,089,049.34 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsraised | ||
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | ||
| Repaymentofborrowings | 30,800,000.00 | 30,800,000.00 |
| Interestanddividendspaid | 195,041,338.96 | 13,132,759.86 |
| Cashusedinotherfinancingactivities | 9,616,850.00 | 0.00 |
| Subtotalofcashusedinfinancingactivities | 235,458,188.96 | 43,932,759.86 |
| Netcashgeneratedfrom/usedinfinancingactivities | -235,458,188.96 | -43,932,759.86 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | 9,238.09 | 38,215.73 |
| 5.Netincreaseincashandcashequivalents | -686,691,284.21 | 198,003,187.56 |
| Add:Cashandcashequivalents,beginningoftheperiod | 1,467,636,856.69 | 528,268,054.39 |
| 6.Cashandcashequivalents,endoftheperiod | 780,945,572.48 | 726,271,241.95 |
7.ConsolidatedStatementsofChangesinOwners’Equity
H12024
Unit:RMB
| Item | H12024 | ||||||||||||||
| EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
| Preferredshares | Perpetualbonds | Other | |||||||||||||
| 1.BalanceasattheendoftheReportingPeriodoftheprioryear | 595,979,092.00 | 80,488,045.38 | -3,352,337.88 | 116,108,727.08 | 3,872,586,802.17 | 4,661,810,328.75 | 41,914,707.06 | 4,703,725,035.81 | |||||||
| Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
| Adjustmentforcorrectionofpreviouserror | |||||||||||||||
| Otheradjustments | |||||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 595,979,092.00 | 80,488,045.38 | -3,352,337.88 | 116,108,727.08 | 3,872,586,802.17 | 4,661,810,328.75 | 41,914,707.06 | 4,703,725,035.81 | |||||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | 189,686.61 | -176,733,018.89 | -176,543,332.28 | -8,135,818.35 | -184,679,150.63 | ||||||||||
| 3.1Totalcomprehensiveincome | 189,686.61 | 9,212,457.81 | 9,402,144.42 | -7,890,818.35 | 1,511,326.07 | ||||||||||
| 3.2Capitalincreasedandreducedbyowners | |||||||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | |||||||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | |||||||||||||||
| 3.2.3Share-basedpaymentsincludedin | |||||||||||||||
| owners’equity | ||||||
| 3.2.4Other | ||||||
| 3.3Profitdistribution | -185,945,476.70 | -185,945,476.70 | -245,000.00 | -186,190,476.70 | ||
| 3.3.1Appropriationtosurplusreserves | ||||||
| 3.3.2Appropriationtogeneralreserve | ||||||
| 3.3.3Appropriationtoowners(orshareholders) | -185,945,476.70 | -185,945,476.70 | -245,000.00 | -186,190,476.70 | ||
| 3.3.4Other | ||||||
| 3.4Transferswithinowners’equity | ||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||
| 3.4.3Lossoffsetbysurplusreserves | ||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||
| 3.4.6Other | ||||||
| 3.5Specificreserve |
| 3.5.1Increaseintheperiod | |||||||||||||
| 3.5.2Usedintheperiod | |||||||||||||
| 3.6Other | |||||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 80,488,045.38 | -3,162,651.27 | 116,108,727.08 | 3,695,853,783.28 | 4,485,266,996.47 | 33,778,888.71 | 4,519,045,885.18 |
H12023
Unit:RMB
| Item | H12023 | ||||||||||||||
| EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
| Preferredshares | Perpetualbonds | Other | |||||||||||||
| 1.BalanceasattheendoftheReportingPeriodoftheprioryear | 595,979,092.00 | 80,488,045.38 | -3,854,377.95 | 48,886,605.81 | 3,691,056,182.73 | 4,412,555,547.97 | 56,255,522.46 | 4,468,811,070.43 | |||||||
| Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
| Adjustmentforcorrectionofpreviouserror | |||||||||||||||
| Otheradjustments | |||||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 595,979,092.00 | 80,488,045.38 | -3,854,377.95 | 48,886,605.81 | 3,691,056,182.73 | 4,412,555,547.97 | 56,255,522.46 | 4,468,811,070.43 | |||||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | 1,404,020.27 | 4,110,169.73 | 5,514,190.00 | -6,502,188.58 | -987,998.58 | ||||||||||
| 3.1Totalcomprehensiveincome | 1,404,020.27 | 220,903,444.63 | 222,307,464.90 | -6,257,188.58 | 216,050,276.32 | ||||||||||
| 3.2Capitalincreasedandreducedbyowners | |||||||||||||||
| 3.2.1Ordinaryshares | |||||||||||||||
| increasedbyowners | ||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||
| 3.2.4Other | ||||||
| 3.3Profitdistribution | -215,148,452.21 | -215,148,452.21 | -245,000.00 | -215,393,452.21 | ||
| 3.3.1Appropriationtosurplusreserves | ||||||
| 3.3.2Appropriationtogeneralreserve | ||||||
| 3.3.3Appropriationtoowners(orshareholders) | -215,148,452.21 | -215,148,452.21 | -245,000.00 | -215,393,452.21 | ||
| 3.3.4Other | ||||||
| 3.4Transferswithinowners’equity | ||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||
| 3.4.3Lossoffsetbysurplusreserves | ||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings |
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | |||||||||||||
| 3.4.6Other | |||||||||||||
| 3.5Specificreserve | |||||||||||||
| 3.5.1Increaseintheperiod | |||||||||||||
| 3.5.2Usedintheperiod | |||||||||||||
| 3.6Other | -1,644,822.69 | -1,644,822.69 | -1,644,822.69 | ||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 80,488,045.38 | -2,450,357.68 | 48,886,605.81 | 3,695,166,352.46 | 4,418,069,737.97 | 49,753,333.88 | 4,467,823,071.85 |
8.StatementsofChangesinOwners’EquityoftheCompanyastheParent
H12024
Unit:RMB
| Item | H12024 | |||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
| Preferredshares | Perpetualbonds | Other | ||||||||||
| 1.BalanceasattheendoftheReportingPeriodoftheprioryear | 595,979,092.00 | 53,876,380.11 | -3,004,584.80 | 116,108,727.08 | 1,495,323,958.98 | 2,258,283,573.37 | ||||||
| Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
| Adjustmentforcorrectionofpreviouserror | ||||||||||||
| Otheradjustments | ||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 595,979,092.00 | 53,876,380.11 | -3,004,584.80 | 116,108,727.08 | 1,495,323,958.98 | 2,258,283,573.37 | ||||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -203,351.55 | -214,033,808.59 | -214,237,160.14 | |||
| 3.1Totalcomprehensiveincome | -203,351.55 | -28,088,331.89 | -28,291,683.44 | |||
| 3.2Capitalincreasedandreducedbyowners | ||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||
| 3.2.4Other | ||||||
| 3.3Profitdistribution | -185,945,476.70 | -185,945,476.70 | ||||
| 3.3.1Appropriationtosurplusreserves | ||||||
| 3.3.2Appropriationtoowners(orshareholders) | -185,945,476.70 | -185,945,476.70 | ||||
| 3.3.3Other | ||||||
| 3.4Transferswithinowners’equity | ||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||
| 3.4.3Loss |
| offsetbysurplusreserves | ||||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
| 3.4.6Other | ||||||||||
| 3.5Specificreserve | ||||||||||
| 3.5.1Increaseintheperiod | ||||||||||
| 3.5.2Usedintheperiod | ||||||||||
| 3.6Other | ||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 53,876,380.11 | -3,207,936.35 | 116,108,727.08 | 1,281,290,150.39 | 2,044,046,413.23 |
H12023
Unit:RMB
| Item | H12023 | |||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
| Preferredshares | Perpetualbonds | Other | ||||||||||
| 1.BalanceasattheendoftheReportingPeriodoftheprioryear | 595,979,092.00 | 53,876,380.11 | -2,742,841.65 | 48,886,605.81 | 1,105,473,319.87 | 1,801,472,556.14 | ||||||
| Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
| Adjustmentforcorrectionofpreviouserror | ||||||||||||
| Otheradjustments | ||||||||||||
| 2.Balanceasatthebeginningofthe | 595,979,092.00 | 53,876,380.11 | -2,742,841.6 | 48,886,605.81 | 1,105,473,319.87 | 1,801,472,556.14 | ||||||
| ReportingPeriodoftheyear | 5 | |||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -275,978.56 | -31,917,534.27 | -32,193,512.83 | |||
| 3.1Totalcomprehensiveincome | -275,978.56 | 183,230,917.94 | 182,954,939.38 | |||
| 3.2Capitalincreasedandreducedbyowners | ||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||
| 3.2.4Other | ||||||
| 3.3Profitdistribution | -215,148,452.21 | -215,148,452.21 | ||||
| 3.3.1Appropriationtosurplusreserves | ||||||
| 3.3.2Appropriationtoowners(orshareholders) | -215,148,452.21 | -215,148,452.21 | ||||
| 3.3.3Other | ||||||
| 3.4Transferswithinowners’equity | ||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplus |
| reserves | ||||||||||
| 3.4.3Lossoffsetbysurplusreserves | ||||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
| 3.4.6Other | ||||||||||
| 3.5Specificreserve | ||||||||||
| 3.5.1Increaseintheperiod | ||||||||||
| 3.5.2Usedintheperiod | ||||||||||
| 3.6Other | ||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 53,876,380.11 | -3,018,820.21 | 48,886,605.81 | 1,073,555,785.60 | 1,769,279,043.31 |
IIICompanyProfile
ShenzhenProperties&ResourcesDevelopment(Group)Ltd.(hereinafterreferredtoas“theCompany”or“Company”)wasincorporatedbasedonthereconstructionofShenzhenProperties&ResourcesDevelopmentCo.,Ltd.afterobtainingapprovalofZFBF[1991]No.831fromPeople’sGovernmentofShenzhenMunicipality.ItwasregisteredwithShenzhenIndustrialandCommercialAdministrationBureauon17January1983withShenzhenasitsheadquarters.NowtheCompanyholdsthebusinesslicenseforlegalpersonwiththeregistrationnumber/unifiedsocialcreditcodeof91440300192174135N.TheregisteredcapitalwasRMB595,979,092withthetotalsharesof595,979,092(RMB1facevaluepershare),amongwhich,restrictedpublicshares:
1,898,306Asharesand0Bshares;unrestrictedpublicshares:526,475,543Asharesand67,605,243Bshares.ThestockoftheCompanyhasbeenlistedontheShenzhenStockExchangeon30March1992.TheCompanyisintherealestatesector.Itsmainbusinessincludesdevelopmentofrealestateandsaleofcommercialhousing,constructionandmanagementofbuildings,houserent,supervisionofconstruction,domestictradingandmaterialssupplyandmarketing(excludingexclusivedealingandmonopolysoldproductsandcommoditiesunderspecialcontroltopurchase).Mainproductsorservicesrenderedmainlyincludethedevelopmentandsalesofcommercialresidentialhousing;propertymanagement;buildingsandthebuildingdevicesmaintenance,gardenafforestandcleaningservice;propertyleasing;superviseandmanagementoftheengineering;retailsoftheChinesefood,Western-stylefoodandwines,andetc.Thefinancialstatementswereapprovedandauthorizedforissuebythe28thMeetingofthe10thBoardofDirectorsoftheCompanyon27August2024.TheconsolidationscopeoftheCompany’sconsolidatedfinancialstatementswasdeterminedbasedonthecontrolwhichincludedthe
financialstatementsoftheCompanyandallitssubsidiaries.AsubsidiaryreferstoanenterpriseorentitycontrolledbytheCompany.Therewere60subsidiariesincludedintheconsolidationfinancialstatementsinthisreport.PleaserefertotheNoteIXandNoteXofthefinancialreportfordetails.IVBasisforPreparationofFinancialStatements
1.PreparationBasis
Basedonthecontinuingoperation,thefinancialstatementsoftheCompanyarepreparedinaccordancewiththeactualtransactions,governingprovisionsoftheAccountingStandardsforBusinessEnterprisesandthefollowingmajoraccountingpoliciesandestimates.
2.ContinuationTherewasnosuchcasewherethesustainableoperationabilitywithin12monthssincetheendoftheReportingPeriodwashighlydoubted.V.ImportantAccountingPoliciesandEstimations
Indicationofspecificaccountingpoliciesandestimations:
TheCompanyhasformulatedspecificaccountingpoliciesandaccountingestimatesfortransactionsandevents,suchastherecognitionofincomes,basedontheactualproductionandoperationcharacteristics,andinaccordancewiththeprovisionsoftherelevantaccountingstandardsforbusinessenterprises.Pleasereferto"FinancialInstruments","Inventory",and"Revenue"inthissectionfordetails.
1.StatementforComplyingwiththeAccountingStandardforBusinessEnterpriseThefinancialstatementpreparedbytheCompanycomplieswiththerequirementsofthelatestaccountingstandardsforbusinessenterprisesaswellastheapplicationguidelines,interpretationsandotherrelevantregulations(hereinafterreferredtoasthe“accountingstandardsforbusinessenterprises”)issuedbytheMinistryofFinance.ItreflectstheCompany’sfinancialconditions,operatingresults,cashflowandotherrelatedinformationinatruthfulandcompletemanner.Inaddition,inthepreparationofthefinancialreport,referencewasmadetothepresentationanddisclosurerequirementsoftheRuleforInformationDisclosurebyCompaniesOfferingSecuritiestothePublicNo.15-GeneralProvisionsonFinancialReports(2014Revision)andtheNoticeonRelatedMattersoftheImplementationofNewAccountingStandardsforBusinessEnterprisesbyListedCompanies(KJBH[2018]No.453).
2.FiscalPeriodThefiscalyearoftheCompanyisasolarcalendaryear,whichisfrom1Januaryto31December.
3.OperatingCycleExceptfortherealestateindustry,otherbusinessesrunbytheCompanyhaverelativelyshortoperatingcyclesaccordingtotheclassificationstandardof12-month’sliquidityofassetsandliabilities.Theoperatingcycleoftherealestateindustryshallbegenerallymorethan12monthsfromrealestatedevelopmenttocashthesales.Thespecificcycleshallbedeterminedbythedevelopmentproject.
4.StandardCurrencyofAccountsTheCompanyadoptsRenminbiasastandardcurrencyofaccounts.
5.MethodsforDeterminingMaterialityStandardsandSelectionCriteria?Applicable□Notapplicable
| Item | Materialitycriteria |
| Accountreceivablewithbaddebtprovisionbymajorsingleitem | AccountsreceivableamountingtoRMB5millionormore |
| Significantnon-wholly-ownedsubsidiaries | Non-wholly-ownedsubsidiarieswithrevenueexceeding10%oftheconsolidatedoperatingrevenue,ortotalassetsexceeding5%oftheconsolidatedtotalassets. |
6.AccountingProcessofBusinessCombinationsundertheSameControlandnotundertheSameControl
1.AccountingProcessofBusinessCombinationsundertheSameControlForbusinesscombinationunderthesamecontrolachievedthroughonetransactionorstepbystepthroughmultipletransactionsbytheCompany,theassetsandliabilitiesacquiredinabusinesscombinationaremeasuredatthecarryingvalueoftheacquireeintheconsolidatedfinancialstatementsoftheultimatecontrollingpartyatthedateofcombination.ThedifferencebetweenthecarryingvalueofnetassetsacquiredbytheCompanyandthecarryingvalueofthecombinationconsiderationpaid(orthetotalnominalvalueofsharesissued)isreferredtoforadjustingcapitalreserve;ifcapitalreserveisnotsufficienttooffsetthedifference,thenretainedearningsareadjusted.
2.AccountingProcessofBusinessCombinationsnotundertheSameControlTheGroupshallrecognizethepositivebalancebetweenthecombinationcostsandthefairvalueoftheidentifiablenetassetsobtainedfromtheacquireeonpurchasedateasgoodwill.Ifthecombinationcostsarelessthanthefairvalueoftheidentifiablenetassetsobtainedfromtheacquire,theCompanyshallrecheckthevariousidentifiableassetsandliabilitiesobtainedfromtheacquire,fairvaluewithliabilities,andmeasurementofcombinationcosts.Ifthecombinationcostsarelessthanthefairvalueoftheidentifiablenetassetsobtainedfromtheacquireafterrecheck,theCompanyshalltherecordthebalanceintotheprofitandlossofthecurrentperiod.Businesscombinationsnotunderthesamecontrolachievedstepbystepthroughmultipletransactionsshouldbetreatedinthefollowingorder:
(1)Adjustingtheinitialinvestmentcostoflong-termequityinvestmentIftheequityheldpriortothedateofpurchaseisaccountedundertheequitymethod,theequityisremeasuredatthefairvalueonthepurchasedate,andthedifferencebetweenthefairvalueanditscarryingvalueisincludedintheinvestmentincomeofthecurrentperiod;iftheequityintheacquireeheldpriortothepurchasedateinvolvesothercomprehensiveincomeorchangesinotherowners'equityundertheequitymethodofaccounting,itisconvertedintoincomeforthecurrentperiodonthepurchasedate,exceptforothercomprehensiveincomearisingfromthere-measurementoftheinvestee'snetliabilitiesofthedefinedbenefitpensionplanorchangesinnetassetsofthedefinedbenefitplanandchangesinthefairvalueofinvestmentsinotherequityinstrumentsheld.
(2)Determiningthegoodwill(ortheamountincludedintheprofitorlossforthecurrentperiod)Whencomparingtheinitialinvestmentcostoflong-termequityinvestmentsadjustedinthefirststepwiththeshareofthefairvalueoftheidentifiablenetassetsofthesubsidiaryonthepurchasedate,iftheformerismorethanthelatter,thedifferencebetweentheformerandthelatterisrecognizedasgoodwill;iftheformerislessthanthelatter,thedifferenceisincludedinprofitorlossforthecurrentperiod.
Step-by-stepdisposalofequitythroughmultipletransactionsthatresultsinlossofcontroloverthesubsidiary
(1)Principlesfordeterminingwhethertransactionsintheprocessofstep-by-stepdisposalofequitythatresultsinthelossofcontroloverasubsidiaryconstitutea"packagedeal"Themultipletransactionsaregenerallyregardedasa"packagedeal"inaccountingtreatmentiftheclauses,conditions,andeconomicimpactsofvarioustransactionsfallunderoneormoreofthefollowingcircumstances:
1)Thesetransactionsarereachedconcurrentlyoraftertheimpactthereofoneachotheristakenintoconsideration.
2)Thesetransactionsmayachieveacompletebusinessresultonlyasawhole.
3)Theoccurrenceofatransactiondependsontheoccurrenceof,ataminimum,oneanothertransaction.
4)Atransactionisconsidereduneconomicalseparatelybutisconsideredeconomicalwhenothertransactionsarealsotakenintoconsideration.
(2)Accountingtreatmentwhentransactionsintheprocessofstep-by-stepdisposalofequitythatresultsinthelossofcontroloverasubsidiaryconstitutea"packagedeal"Ifthetransactionsinthedisposalofequityofasubsidiarythatresultsinthelossofcontrolconstituteapackagedeal,eachtransactionshouldbeaccountedforasatransactionthatdisposesofandlosescontroloverasubsidiary;however,thedifferencebetweenthedisposalpriceandtheshareofthenetassetsofthesubsidiarycorrespondingtothedisposaloftheinvestmentforeachdisposalpriortothelossofcontrolshouldberecognizedasothercomprehensiveearningsintheconsolidatedfinancialstatementsandtransferredtoprofitorlossforthecurrentperiodwhentheCompanylostthecontrol.Intheconsolidatedfinancialstatements,theremainingequityshouldberemeasuredatfairvalueonthedateoflossofcontrol.ThesumoftheconsiderationobtainedfromthedispositionofequityandthefairvalueoftheresidualequityminustheCompany'sportionofnetassetsintheformersubsidiarycalculatedfromthedateofcombinationonanongoingbasisattheoriginalshareholdingratioisincludedinthereturnoninvestmentforthecurrentperiodwhentheCompanylostthecontrol.OthercomprehensiveincomerelatedtotheequityinvestmentsintheformersubsidiaryshouldbeincludedinthereturnoninvestmentorretainedearningsforthecurrentperiodwhentheCompanylostthecontrol.
(3)Accountingtreatmentwhentransactionsintheprocessofstep-by-stepdisposalofequitythatresultsinthelossofcontroloverasubsidiarydonotconstitutea"packagedeal"IftheCompanydisposesofinvestmentsmadeinitssubsidiarywithoutlosingcontroloverthesubsidiary,intheconsolidatedfinancialstatements,thedifferencebetweenthepaymentforequitydisposedofandtheCompany'scorrespondingportionofnetassetsinthesubsidiaryisincludedinthecapitalreserve.Ifthecapitalreserveisinsufficientforoffset,theretainedearningsshouldbeadjusted.Ifthedisposalofinvestmentsmadeinitssubsidiaryresultsinalossofcontroloverthesubsidiary,intheconsolidatedfinancialstatements,theremainingequityshouldberemeasuredatthefairvalueonthedateoflossofcontrol.ThesumoftheconsiderationobtainedfromthedispositionofequityandthefairvalueoftheresidualequityminustheCompany'sportionofnetassetsintheformersubsidiarycalculatedfromthedateofcombinationonanongoingbasisattheoriginalshareholdingratioisincludedinthereturnoninvestmentforthecurrentperiodwhentheCompanylostthecontrol.OthercomprehensiveincomerelatedtotheequityinvestmentsintheformersubsidiaryshouldbeincludedinthereturnoninvestmentorretainedearningsforthecurrentperiodwhentheCompanylostthecontrol.
7.CriteriaforJudgingControlandMethodsforPreparingConsolidatedFinancialStatementsThescopeoftheCompany'sconsolidatedfinancialstatementsisdeterminedbasedoncontrol.
ControlmeansthattheCompanyhaspowerovertheinvestee,enjoysvariablereturnsthroughitsinvolvementintheinvestee'srelatedactivitiesandhastheabilitytousethepowertoinfluencetheamountofreturns.Relevantactivitiesrefertoactivitieswhichhavesignificantimpactonthereturnsoftheinvestee.Theactivitiesoftheinvesteeshallbeassessedbasedonspecificcircumstances,typicallyincludingsalesandpurchasesofgoodsorservices,managementoffinancialassets,acquisitionanddisposalofassets,researchanddevelopmentactivities,andfinancingactivities.TheCompanywilljudgewhethertheseentitieshavebeencontrolledbytheinvesteebasedonitscomprehensiveconsiderationofrelevantfactsandcircumstances.Wherechangesinrelevantfactsandcircumstancesresultinchangesofrelevantelementsinvolvedintheabovedefinitionofcontrol,theCompanyshallconductreassessment.BasedonthefinancialstatementsoftheCompanyastheparentanditssubsidiariesandotherrelatedmaterials,theconsolidatedfinancialstatementswerepreparedbytheGroupastheparentaccordingtoAccountingStandardsforEnterprisesNo.33–ConsolidatedFinancialStatements.
8.ClassificationofJointarrangementsandAccountingTreatmentofJointOperations
1.IdentificationandclassificationofjointarrangementsAjointarrangementisanarrangementoverwhichtwoormorepartieshavejointcontrol.Ajointarrangementhasthefollowingcharacteristics:(1)Eachparticipantisboundbythearrangement;(2)twoormorepartiesofthejointarrangementexercisejointcontroloverthearrangement.Noonepartycancontrolthearrangementalone,andanypartywithjointcontroloverthearrangementcanpreventtheotherpartyorcombinationofpartiesfromcontrollingthearrangementalone.Jointcontrolreferstothecommoncontroloveraparticulararrangementaccordingtorelevantagreement,andthatthedecisionsonrelevantactivitiesundersucharrangementaresubjecttounanimousconsentfromthepartiessharingthejointcontrol.Jointarrangementsaredividedintojointoperationsandjointventures.Ajointoperationisajointarrangementwherebythepartytojointarrangementhasrightstotheassets,andobligationsfortheliabilitiesrelatedtothearrangement.Ajointventureisajointarrangementwherebythepartytojointarrangementhasrightstothenetassetsofthearrangement.
2.AccountingtreatmentofjointarrangementsApartytoajointoperationshallrecognizethefollowingitemsrelatedtoitsshareofinterestinthejointoperationandconductaccountingtreatmentfortheminaccordancewiththerelevantprovisionsoftheAccountingStandardforBusinessEnterprises:(1)Recognitionofassetsheldseparatelyandofassetsheldjointlyinproportiontoitsshare;(2)recognitionofliabilitiesincurredseparatelyandofliabilitiesincurredjointlyinproportiontoitsshare;(3)recognitionofrevenuefromthesaleofitsshareoftheoutputofthejointoperation;(4)recognitionofrevenuefromthesaleofoutputofthejointoperationinproportiontoitsshare;(5)recognitionofexpensesincurredseparatelyandofexpensesincurredinthejointoperationinproportiontoitsshare.ThepartytoajointventureshouldconductaccountingtreatmentinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.2-Long-termEquityInvestment.
9.RecognitionStandardforCashandCashEquivalentsIntheCompany’sunderstanding,cashandcashequivalentsincludecashonhand,anydepositthatcanbeusedforcover,andshort-term(usuallyduewithin3monthssincethedayofpurchase)andhighcirculatinginvestments,whichareeasilyconvertibleintoknownamountofcashandwhoserisksinchangeofvalueareminimal.
10.ForeignCurrencyBusinessesandTranslationofForeignCurrencyFinancialStatements
(1)AccountingtreatmentsfortranslationofforeigncurrencybusinessAsforaforeigncurrencytransactioninitsinitialrecognition,theamountintheforeigncurrencyshallbetranslatedintotheamountintheRenminbiatthespotexchangerateofthetransactiondate.Onbalancesheetdate,theforeigncurrencymonetaryitemsshallbetranslatedasthespotexchangerateonthebalancesheetdate,thebalanceoccurredthereofshallberecordedintotheprofitsandlossesatthecurrentperiodexceptthatthebalanceofexchangearisingfromtheprincipalandinterestsofforeigncurrencyborrowingsforthepurchaseandconstructionorproductionofassetseligibleforcapitalization.Theforeigncurrencynon-monetaryitemsmeasuredatthehistoricalcostshallstillbetranslatedatthespotexchangerateonthetransactiondate,ofwhichtheamountoffunctionalcurrencyshallnotbechanged.Theforeigncurrencynon-monetaryitemsmeasuredatthefairvalueshallbetranslatedatthespotexchangerateontheconfirmingdateoffairvalue,ofwhichthebalanceofexchangeshallbeincludedintotheprofitandlossofthecurrentperiodorothercomprehensiveincome.
(2)TranslationofforeigncurrencyfinancialstatementsTheassetandliabilityitemsinthebalancesheetsshallbetranslatedataspotexchangerateonthebalancesheetdate.Amongtheowner’sequityitems,exceptfortheitemsas“retainedearnings”,otheritemsshallbetranslatedatthespotexchangerateatthetimewhentheyareincurred.Theincomeandexpenseitemsintheincomestatementsshallbetranslatedatthespotexchangerateatthetimewhentheyareincurred.Thedifferencefromtranslationofforeigncurrencyfinancialstatementsthereofshallberecognizedascomprehensiveincome.
11.FinancialInstruments
1.RecognitionandderecognitionoffinancialinstrumentsWhentheGroupbecomesapartytoafinancialinstrumentcontract,itrecognizesrelevantfinancialassetsorfinancialliabilities.Allregularacquisitionorsalesoffinancialassetsarerecognizedandderecognizedonatradingdaybasis.Regularacquisitionorsalesoffinancialassetsmeansdeliveringfinancialassetswithinthetimelimitoflaws,regulationsandusualmarketpracticesandinlinewithcontractterms.ThetradingdayreferstothedatewhentheGrouppromisestoacquireorsellfinancialassets.Financialassets(orpartoffinancialassets,orpartofasetofsimilarfinancialassets)arederecognized,i.e.,writtenofffromitsaccountandbalancesheet,ifthefollowingconditionsaremet:
(1)Therighttoreceivecashflowsfromfinancialassetshasexpired;
(2)Therighttoreceivecashflowsfromthefinancialassetsistransferred,ortheobligationtopaythefullamountofcashflowsreceivedtoathirdpartyinatimelymannerisassumedundera"pass-throughagreement";and(a)substantiallyalmostalltherisksandrewardsofitsownershipofthefinancialassetsaretransferred,or(b)controloverthefinancialassetisrelinquished,althoughsubstantiallyalltherisksandrewardsofitsownershipofthefinancialassetsareneithertransferrednorretained.
2.ClassificationandmeasurementoffinancialassetsAtinitialrecognition,accordingtothebusinessmodelofmanagingfinancialassetsandthecontractualcashflowcharacteristicsoffinancialassets,financialassetsoftheGroupareclassifiedintothefollowingcategories:Financialassetsmeasuredattheamortizedcost,financialassetsmeasuredatfairvaluethroughothercomprehensiveincomeofthecurrentperiod,andfinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod.Thesubsequentmeasurementoffinancialassetsdependedontheircategories.TheGroup'sclassificationoffinancialassetsisbasedontheGroup'sbusinessmodelformanagingfinancialassetsandthecashflowcharacteristicsofthefinancialassets.
(1)FinancialassetsmeasuredatamortizedcostFinancialassetsthatmeetbothofthefollowingconditionsshallbeclassifiedasfinancialassetsmeasuredatamortizedcost:TheGroup'sbusinessmodelofmanagingthefinancialassetsaimsatobtainingcontractualcashflows;and,asstipulatedbycontractclausesofthefinancialassets,thecashflowsgeneratedonaspecificdatearemerelyforthepaymentofprincipalorinterestfromtheunpaidprincipal.Suchfinancialassetsaresubsequentlymeasuredatamortizedcostusingtheeffectiveinterestmethod.Gainorlossarisingfromderecognitionoramortizationusingtheeffectiveinterestmethodisincludedinprofitandlossforthecurrentperiod.
(2)DebtinstrumentinvestmentmeasuredatfairvaluethroughothercomprehensiveincomeFinancialassetsthatmeetallthefollowingconditionsshallbeclassifiedasfinancialassetsmeasuredatfairvaluethroughothercomprehensiveincome:TheGroup'sbusinessmodelofmanagingthefinancialassetsaimsatobtainingcontractualcashflowsaswellassellingfinancialassets;and,asstipulatedbycontractclausesofthefinancialassets,thecashflowsgeneratedonaspecificdatearemerelyforthepaymentofprincipalorinterestfromtheunpaidprincipal.Suchfinancialassetsshallbesubsequentlymeasuredatfairvalue.Thediscountorpremiumisamortizedusingtheeffectiveinterestmethodandrecognizedasinterestincomeorexpense.Exceptforimpairmentlossesorgainsandexchangedifferencesthatarerecognizedasprofitandlossforthecurrentperiod,changesinthefairvalueofsuchfinancialassetsshallberecognizedasothercomprehensiveincome,untilthefinancialassetsarederecognizedwhenaccumulativegainsorlossesshallbetransferredtoprofitandlossforthecurrentperiod.Interestincomerelatedtosuchfinancialassetsisincludedinprofitorlossforthecurrentperiod.
(3)EquityinstrumentinvestmentmeasuredatfairvaluethroughothercomprehensiveincomeForfinancialassetsmeasuredatfairvaluethroughothercomprehensiveincomethatareirrevocablychosenanddesignatedbytheGroupfromsomenon-tradingequityinstruments,therelevantdividendincomeshallbeincludedinprofitandlossforthecurrentperiodandchangesinthefairvalueshallberecognizedasothercomprehensiveincome,untilthefinancialassetsarederecognizedwhenaccumulativegainsorlossesshallbetransferredtoretainedearnings.
(4)FinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiodTheaforementionedfinancialassetsmeasuredatamortizedcostandfinancialassetsotherthanthosemeasuredatfairvaluethroughothercomprehensiveincomeareclassifiedasfinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod.Atinitialrecognition,inordertoeliminateorsignificantlyreduceaccountingmismatch,financialassetscanbedesignatedasfinancialassetsmeasuredatfairvaluethroughprofitorlossforthecurrentperiod.Suchfinancialassetsshallbemeasuredatfairvalue,andallchangesinfairvalueareincludedintheprofitandlossforthecurrentperiod.WhenandonlywhentheGroupchangesitsbusinessmodelofmanagingfinancialassets,allrelevantfinancialassetsaffectedwillbere-classified.Forfinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod,transactioncostsaredirectlyincludedinprofitandlossforthecurrentperiod.Forothertypesoffinancialassets,relatedtransactioncostsareincludedintheirinitialrecognizedamounts.
3.ClassificationandmeasurementoffinancialliabilitiesAtinitialrecognition,thefinancialliabilitiesoftheGroupareclassifiedintothefollowingcategories:Financialliabilitiesmeasuredattheamortizedcost,andfinancialliabilitiesmeasuredatfairvaluethroughprofitandlossforthecurrentperiod.Financialliabilitiescanbedesignatedasfinancialliabilitiesmeasuredatfairvaluethroughprofitorlossforthecurrentperiodatinitialmeasurementifoneofthefollowingconditionsismet:(1)Thedesignationcaneliminateorsignificantlyreduceaccountingmismatch;(2)themanagementandperformanceevaluationofaportfoliooffinancialliabilitiesoraportfoliooffinancialassetsandfinancialliabilitiesarebasedonfairvalueinaccordancewiththeGroup'sriskmanagementorinvestmentstrategyassetoutinaformalwrittendocument,andarereportedtokeymanagementpersonnelonthisbasiswithintheGroup;(3)Thefinancialliabilities
containembeddedderivativesrequiresplitting.TheGroupdeterminestheclassificationoffinancialliabilitiesatinitialrecognition.Forfinancialliabilitiesmeasuredatfairvaluethroughprofitandlossforthecurrentperiod,transactioncostsaredirectlyincludedinprofitandlossforthecurrentperiod.Forothertypesoffinancialliabilities,relatedtransactioncostsareincludedintheirinitialrecognizedamounts.Thesubsequentmeasurementoffinancialliabilitiesdependedontheircategories:
(1)FinancialliabilitiesmeasuredatamortizedcostSuchfinancialliabilitiesshallbesubsequentlymeasuredatamortizedcostusingtheeffectiveinterestmethod.
(2)FinancialliabilitiesmeasuredatfairvaluethroughprofitandlossforthecurrentperiodFinancialliabilitiesmeasuredatfairvaluethroughprofitorlossforthecurrentperiodincludetradingfinancialliabilities(includingderivativesthatarefinancialliabilities)andfinancialliabilitiesdesignatedasatfairvaluethroughprofitorlossatinitialrecognition.
4.FinancialinstrumentoffsetThenetamountafterfinancialassetsandfinancialliabilitiesoffseteachotherisreportedinthebalancesheetifbothofthefollowingconditionsaremet:TheGrouphadacurrentlyenforceablelegalrighttooffsettherecognizedamounts;theGroupplannedtosettlethemonanetbasisortorealizethefinancialassetsandpayoffthefinancialliabilitiessimultaneously.
5.Impairmentoffinancialinstrument
(1)ImpairmentmeasurementandaccountinghandlingoffinancialinstrumentBasedonexpectedcreditloss,theCompanyconductsimpairmenthandlingandconfirmslossreserveforfinancialassetswhichismeasuredbyamortizedcost,debtinstrumentinvestmentwhichismeasuredbyfairvalueandwhosechangeiscalculatedintoothercomprehensiveprofits,accountsreceivableofrental,loancommitmentwhichisbeyondfinancialdebtclassifiedastheonewhichismeasuredbyfairvalueandwhosechangeiscalculatedintocurrentprofitsandlosses,financialdebtwhichdoesnotbelongtotheonewhichismeasuredbyfairvalueandwhosechangeiscalculatedintocurrentprofitsorlosses,orfinancialguaranteecontractoffinancialdebtwhichisformedwhenitdoesnotbelongtofinancialassettransferanddoesn’tconformtoconfirmationconditionofterminationorkeepsonbeinginvolvedintransferredfinancialasset.Expectedcreditlossreferstoweightedaverageofcreditlossoffinancialinstrumentwhichtakestheriskofcontractbreachoccurrenceastheweight.Creditlossreferstothedifferencebetweenallcontractcashflowwhichisconvertedintocashaccordingtoactualinterestrateandreceivableaccordingtocontractandallcashflowwhichtobechargedasexpected,i.e.currentvalueofallcashshortage.Amongit,asforfinancialassetpurchasedororiginalwhichhashadcreditimpairment,itshouldbeconvertedintocashaccordingactualinterestrateofthisfinancialassetaftercreditadjustment.Asforfinancialassetpurchasedororiginalwhichhashadcreditimpairment,theCompanyonlyconfirmscumulativechangeofexpectedcreditlosswithinthewholedurationafterinitialconfirmationonthebalancesheetdateaslossreserve.Asforaccountsreceivablewhichdon’tincludemajorfinancingcontentsortheCompanydoesnotconsiderfinancingcontentsincontractwhichislessthanoneyear,theCompanyappliessimplifiedmeasurementmethod,andmeasureslossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration.Asforaccountreceivableofrentalandaccountsreceivableincludingmajorfinancingcontents,theCompanyappliessimplifiedmeasurementmethod,andmeasurelossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration.Asforfinancialassetbeyondabovementionedmeasurementmethods,theCompanyevaluateswhetheritscreditriskhasincreasedobviouslysincetheinitialconfirmationoneachbalancesheetdate.Incasecreditriskhasincreasedobviously,theCompanymeasuresthelossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration;incasethecreditriskdoesnotincreaseobviously,theCompanymeasureslossreserveaccordingtotheamountofexpectedcreditlossinnext12months.Byutilizingobtainablerationalandwellgroundedinformation,includingforward-lookinginformation,comparingtheriskofcontractbreachonbalancesheetdateandriskofcontractbreachoninitialconfirmationdate,theCompanyconfirmswhetherthe
creditriskoffinancialinstrumenthasincreasedobviouslyfrominitialconfirmation.Onbalancesheetdate,incasetheCompanyjudgesthatthefinancialinstrumentjusthasrelativelylowcreditrisk,thenitwillbeassumedthatcreditriskofthefinancialinstrumenthasnotincreasedobviously.Basedonsinglefinancialinstrumentorfinancialportfolio,theCompanyevaluatesexpectedcreditriskandmeasuresexpectedcreditloss.Whenbasedonfinancialinstrumentportfolio,theCompanytakescommonriskcharacteristicsasthebasis,anddividesfinancialinstrumentsintodifferentportfolios.TheCompanymeasuresexpectedcreditlossagainoneachbalancesheetdate,theincreaseoflossreserveoramountwhichistransferbackgeneratedbyitiscalculatedintocurrentprofitsandlossesasimpairmentprofitsorlosses.Asforfinancialassetwhichismeasuredbyamortizedcost,lossreserveoffsetsthecarryingvalueofthefinancialassetlistedinthebalancesheet;asfordebtinvestmentwhichismeasuredbyfairvalueandwhosechangeiscalculatedintoothercomprehensiveprofits,theCompanyconfirmsitslossreserveinothercomprehensiveprofitsanddoesnotoffsetthecarryingvalueofthefinancialasset.
(2)Financialinstrumentsassessingexpectedcreditriskbygroupsandmeasuringexpectedcreditlosses
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Otherreceivables-intercoursefundsamongrelatedpartygroupwithintheconsolidationscope | Accountsnature | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
| Otherreceivables-interestreceivablegroup | ||
| Otherreceivables-otherintercoursefundsamongotherrelatedpartygroup | ||
| Otherreceivables-creditriskcharacteristicsgroup | Aginggroup | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
(3)Accountsreceivablewithexpectedcreditlossesmeasuredbygroups
①Specificgroupsandmethodofmeasuringexpectedcreditloss
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Bank’sacceptancebillsreceivable | Billtype | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithintheentirelife |
| Tradeacceptancebillsreceivable | ||
| Accountsreceivable-Governmentportfolios | Accountnature | Noprovisionforbaddebtsismadeduringthecreditperiodunlessthereisconclusiveevidenceofimpairmentandtheriskofdefaultislow. |
| Accountsreceivable-otherintercoursefundsamongotherrelatedpartygroup | Accountnature | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithintheentirelife |
| Accountsreceivable-creditriskcharacteristicsgroup | Aginggroup | Preparethecomparativelistbetweenagingofaccountsreceivableandexpectedcreditlossrateovertheentirelifebyconsultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation |
②Accountsreceivable-thecomparativelistbetweenagingofcommoncustomergroupandexpectedcreditlossrateovertheentirelife
| Aging | Expectedcreditlossrateofaccountsreceivable(%) |
| Within1year(inclusive,thesamebelow) | 3.00 |
| 1to2years | 10.00 |
| 2to3years | 30.00 |
| 3to4years | 50.00 |
| 4to5years | 80.00 |
| Over5years | 100.00 |
6.FinancialassettransferFinancialassetsarederecognizediftheGrouphastransferredalmostalltherisksandrewardsofitsownershiptransferredtothetransferor;financialassetsarenotderecognizediftheGrouphasretainedalmostalltherisksandrewardsofitsownership.IftheGrouphasneithertransferrednorretainedalmostalltherisksandrewardsofitsownershipofthetransferredfinancialassets,itwillbetreatedrespectivelyaccordingtothefollowingcircumstances:Ifthecontroloverthefinancialassetsiswaived,relevantfinancialassetsshallbederecognized,andtheassetsandliabilitiesarisingfromthemshallberecognized;ifthecontroloverthefinancialassetsisnotwaived,relevantfinancialassetsshallberecognizedbasedontheextentofcontinuinginvolvementwithtransferredfinancialassets,andrelatedliabilitiesshallberecognizedaccordingly.Ifcontinuinginvolvementisprovidedbywayoffinancialguaranteeforthetransferredfinancialassets,theassetsresultingfromthecontinuinginvolvementarerecognizedatthelowerofthecarryingvalueofthefinancialassetsandthefinancialguaranteeamount.Thefinancialguaranteeamountreferstothemaximumamountoftheconsiderationreceivedthatwillberequiredtoberepaid.
12.NotesReceivableRefertoNoteV11FinancialInstrumentsofthefinancialstatementsfordetails.
13.AccountsReceivableRefertoNoteV11FinancialInstrumentsofthefinancialstatementsfordetails.
14.AccountsReceivableFinancingRefertoNoteV11FinancialInstrumentsofthefinancialstatementsfordetails.
15.OtherReceivablesRecognitionmethodandaccountingtreatmentforexpectedcreditlossesofotherreceivablesRefertoNoteV11FinancialInstrumentsofthefinancialstatementsfordetails.
16.ContractAssets
1.MethodsandcriteriaforrecognizingcontractassetsTheCompanypresentscontractassetsorcontractliabilitiesonthebalancesheetaccordingtotherelationshipbetweenthefulfillmentofitscontractperformanceobligationsanditscustomers’payment.ConsiderationsthattheCompanyhastherighttocollectforcommoditiestransferredorservicesprovidedtocustomers(exceptforaccountsreceivable)arepresentedascontractassets.
2.MethodofdeterminingandaccountingforexpectedcreditlossesoncontractassetsTheCompanyappliesasimplifiedmodelforexpectedcreditlossestocontractassetsasprescribedbyAccountingStandardforBusinessEnterprisesNo.14–Revenues,excludingsignificantfinancingcomponents(includingcaseswherefinancingcomponentswithincontractsnotexceedingoneyeararedisregardedunderthestandard),measuringthelossprovisionaccordingtotheamountofexpectedcreditlossoftheentireduration.Theincreasedlossprovisionorreversedamountthereofshallberecordedintothecurrentprofitorlossasimpairmentlossesorgains.Forcontractassetsthatcontainsignificantfinancingcomponents,theCompanyhasmadetheaccountingpolicychoiceandselectedthesimplifiedmodelofexpectedcreditloss,measuringthelossprovisionaccordingtotheamountofexpectedcreditlossoftheentireduration.
17.Inventory
(1)InventoriesClassificationInventoriesincludedevelopmentlandheldforsaleorconsumptionintheprocessofdevelopmentandoperation,developmentproducts,temporarilyleaseddevelopmentproductswhichintendedforsale,relocationhousing,stockmaterials,inventoryequipment,andlow-valueconsumables,etc.,aswellasdevelopmentcostsintheprocessofdevelopment.
(2)CostFlowAssumption
1)Send-outmaterialsshalladoptthemovingweightedaveragemethod.
2)Duringthedevelopmentoftheproject,thedevelopmentlandshallbeincludedinthedevelopmentcostoftheprojectbythefloorareaapportionofthedevelopedproducts.
3)Send-outdevelopedproductsshallbeaccountedbyspecificidentificationmethod.
4)ThetemporarilyleaseddevelopmentproductswhichintendedforsaleandrelocationhousingshallbeamortizedaveragelybystagesaccordingtotheexpectedusefullifeofthesamekindoffixedassetsoftheCompany.
5)Ifthepublicsupportingfacilitiesarecompletedearlierthantherelevantdevelopmentproducts,afterthefinalaccountofthepublicsupportingfacilities，itshallbeaccountintothedevelopmentcostoftherelevantdevelopmentprojectsaccordingtothebuildingarea;Ifthepublicsupportingfacilitiesarecompletedlaterthantherelevantdevelopmentproducts,therelevantdevelopmentproductsshallwithholdthepublicsupportingfacilitiesfees,andadjusttherelevantdevelopmentproductcostsaccordingtothedifferencebetweentheactualoccurrenceandthewithholdamountafterthecompletedpublicsupportingfacilities'finalaccounts.
(3)RecognitionbasisofNetRealizableValueofInventoryOnthebalancesheetdate,inventoryshallbemeasuredatthelowerofcostornetrealizablevalue,andprovisionshallbemadeforfallingpriceofinventoriesonthegroundofthedifferencebetweenthecostofeachitemofinventoriesandthenetrealizablevalue.Inventoriesdirectlyforsale,undernormalproducingprocess,totheamountafterdeductingtheestimatedsaleexpenseandrelevanttaxesfromtheestimatedsellpriceoftheinventory,thenetrealizablevaluehasbeenrecognized;inventorieswhichneedtobeprocessed,undernormalproducingprocess,totheamountafterdeductingtheestimatedcostofcompletion,estimatedsaleexpenseandrelevanttaxesfromtheestimatedsalepriceofproducedfinishedgoods,thenetrealizablevaluehasbeenrecognized;onthebalancesheetdate,inthesameitemofinventories,ifsomehavecontractualpriceagreementwhileothersdonot,thenetrealizablevalueshallberecognizedrespectivelyandcomparedwiththeircost,andtheamountofprovisionwithdrawalorreversalforfallingpriceofinventoriesshallberecognizedrespectively.
(4)InventorySystemforInventoriesInventorysystem:Perpetualinventorysystem
(5)AmortizationMethodoftheLow-valueConsumptionGoodsandPackingArticles
1)Low-valueConsumptionGoodsOne-offamortizationmethod
2)PackingArticlesOne-offamortizationmethod
18.AssetsHeldforSaleTheCompanydividesitscomponents(ornon-currentassets)meetingthefollowingconditionsintoavailableforsaleassets:(1)Assetscanbesoldimmediatelyunderthecurrentconditionsaccordingtothepracticeofsellingsuchassetsordisposalgroupsinsimilartransactions;(2)Thesaleislikelytooccur,andaresolutionhasbeenmadeonasaleplanandafirmpurchasecommitmentisobtained(afirmpurchasecommitmentreferstoalegallybindingpurchaseagreementsignedbetweenanenterpriseandotherparties,whichcontainsimportanttermssuchastransactionprice,timeandseverepenaltyforbreachofcontracttominimizethepossibilityofmajoradjustmentorcancellationoftheagreement.Thesaleisexpectedtobecompletedwithinayear.Ithasbeenapprovedbyrelevantauthoritiesorregulatoryauthoritiesaccordingtorelevantregulations.TheCompanyadjuststheestimatednetresidualvalueofavailableforsaleassetstothenetamountofitsfairvalueminusthesellingexpenses(whichshallnotexceedtheoriginalbookvalueoftheassetsavailableforsale).Thedifferencebetweentheoriginalbookvalueandtheadjustedestimatednetresidualvalueshallbeincludedinthecurrentprofitandlossasthelossofassetimpairment,and
provisionsforimpairmentofassetsavailableforsaleshallbemade.Fortheamountofimpairmentlossofdisposalgroupavailableforsalerecognized,thebookvalueofgoodwillofthedisposalgroupshallbeoffsetfirst,andthenthebookvalueofdisposalgroupshallbeoffsetinproportionaccordingtotheshareofthebookvalueofnon-currentassetsinthedisposalgroupmeasuredaccordingtorelevantstandards.Whenthenetamountoffairvalueofnon-currentassetsavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedafterbeingclassifiedasavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Theimpairmentlossofassetsrecognizedbeforebeingclassifiedasavailableforsaleassetsshallnotbereversed.Whenthenetamountoffairvalueofdisposalgroupavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedasnon-currentassetsinthedisposalgroupmeasuredaccordingtothisStandardafterbeingclassifiedintothecategoriesavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Thebookvalueofgoodwillthathasbeenoffsetandtheimpairmentlossofnon-currentassetsmeasuredaccordingtorelevantstandardsshallnotbereversedbeforetheyareclassifiedasavailableforsaleassets.Thesubsequentreversalamountofassetimpairmentlossrecognizedasdisposalgroupavailableforsaleshallbeincreasedinproportiontotheshareofthebookvalueofnon-currentassetsinthedisposalgroup,exceptgoodwill,whicharemeasuredaccordingtorelevantstandards.Incasethatanenterpriselosesitscontroloverasubsidiaryduetosaleofitsinvestmentinthesubsidiary,theinvestmentinthesubsidiarytobesoldshallbedividedintotheavailableforsalecategoryinindividualfinancialstatementoftheparentcompanywhentheproposedinvestmentinthesubsidiarymeetstheconditionsforclassificationofavailableforsalecategory,andallassetsandliabilitiesofthesubsidiaryshallbeclassifiedintoavailableforsalecategoryintheconsolidatedfinancialstatements,nomatterwhethertheenterpriseretainspartofequityinvestmentafterthesale.
19.InvestmentsinDebtObligationsNotapplicable.
20.InvestmentsinotherDebtObligationsNotapplicable.
21.Long-termReceivableRefertoNoteV-11.FinancialInstrumentfordetails.
22.Long-termEquityInvestments
(1)JudgmentofJointControlandSignificantInfluencesTheterm"jointcontrol"referstothejointcontroloveranarrangementinaccordancewiththerelatedagreements,whichdoesnotexistunlesstheparticipantssharingthecontrolpoweragreewitheachotherabouttherelatedarrangedactivity.Theterm"significantinfluences"referstothepowertoparticipateinmakingdecisionsonthefinancialandoperatingpoliciesofanenterprise,butnottocontrolordojointcontroltogetherwithotherpartiesovertheformulationofthesepolicies.
(2)RecognitionofInvestmentCost
1)Ifthebusinesscombinationisunderthecommoncontrolandtheacquirerobtainslong-termequityinvestmentintheconsiderationofcash,non-monetaryassetexchange,bearingacquiree’sliabilities,ortheissuanceofequitysecurities,theinitialcostisthecarryingamountoftheproportionoftheacquiree’sowner’sequityattheacquisitiondate.Thedifferencebetweentheinitialcostofthelong-termequityinvestmentandthecarryingamountofthepaidcombinationorthetotalamountoftheissuedsharesshouldbeadjustedtocapitalsurplus.Ifthecapitalsurplusisnotsufficientforadjustment,retainedearningsareadjustedrespectively.Incasesofstep-by-stepimplementationofbusinesscombinationsundercommoncontrol,theinitialinvestmentcostofthe
investmentshallbetheshareoftheacquiredentity'sequityattributabletotheacquiringentityontheacquisitiondate,calculatedbasedontheownershippercentage.Thedifferencebetweentheinitialinvestmentcostandthesumofthecarryingvalueoftheoriginallong-termEquityInvestmentsandthecarryingvalueofanyadditionalconsiderationpaidforfurthersharesacquiredontheacquisitiondateisadjustedtosharepremium(capitalsurplusorsharepremium).Ifthesharepremiumisinsufficient,itisoffsetagainstretainedearnings.
2)Forbusinesscombinationsnotunderthesamecontrol,thefairvalueofthecombinationconsiderationpaidbyitontheacquisitiondateshallbeitsinitialinvestmentcost.
3)Exceptforbusinesscombination:Ifitisacquiredbypayingcash,theactualacquisitionpriceshallbetakenasitsinitialinvestmentcost;ifitisacquiredbyissuingequitysecurities,thefairvalueoftheissuedequitysecuritiesshallbetakenasitsinitialinvestmentcost;ifitisacquiredbytheinvestmentoftheinvestors,thevalueagreedintheinvestmentcontractoragreementshallbetakenasitsinitialinvestmentcost(exceptwhentheagreedvalueisconsideredunfair).
(3)MethodofsubsequentmeasurementandrecognitionofprofitorlossForlong-termequityinvestmentsininvesteesoverwhichtheCompanyhascontrol,thecostmethodisusedintheCompany'sindividualfinancialstatements;forlong-termequityinvestmentswithjointcontrolorsignificantinfluence,theequitymethodisapplied.Underthecostmethod,long-termequityinvestmentsarevaluedattheinitialinvestmentcost.Exceptforthepriceactuallypaidattheacquisitionofinvestmentorthedeclaredbutundistributedcashdividendsorprofitsincludedintheconsideration,theCompanyrecognizedthereturnoninvestmentofthecurrentperiodinaccordancewiththecashdividendsorprofitsdeclaredanddistributedbytheinvestee,withconsiderationgiventotheimpairmentoflong-terminvestmentsbasedonapplicableimpairmentpolicies.Forlong-termequityinvestmentaccountedforusingtheequitymethod,iftheinitialcostoflong-termequityinvestmentisgreaterthanthefairvalueofidentifiablenetassetsoftheinvestedcompanygainedfromtheinvestment,theexcessshallbeincludedintheinitialinvestmentcostofthelong-termequityinvestment.Iftheinitialinvestmentcostissmallerthanthefairvalueofidentifiablenetassetsoftheinvestedcompanygainedfromtheinvestment,thedifferenceshallbeincludedintheprofitandlossforthecurrentperiod,andthecostoflong-termequityinvestmentsshallbeadjusted.Undertheequitymethod,afteracquiringlong-termequityinvestments,theinvestmentgainsorlossesarerealizedbasedontheshareofnetprofitorlossthattheinvesteeentityshallbeentitledtoorshare.Thelong-termequityinvestment'scarryingvalueisadjustedaccordingly.Whentheshareofthenetprofitsandlossesoftheinvesteeisrecognized,thefairvalueoftheinvestee'sidentifiableassetsatthetimeofobtainingtheinvestmentshallbeusedasthebasis.ThisisdoneinaccordancewiththeCompany'saccountingpoliciesandaccountingperiod,andinternaltransactiongainsandlosseswithjointventuresandassociatesareoffsetbasedontheownershipproportionattributabletotheinvestingcompany(exceptwheninternaltransactionlossesarerelatedtoassetimpairmentlosses,inwhichcasetheyshallbefullyrecognized).Subsequenttoadjustingthenetprofitsoftheinvestedinstitutionafterrecognition.Theinvestorreducesthecarryingvalueoflong-termequityinvestmentscorrespondinglywhencalculatingtheportiontobereceivedbasedonthecashdividendsorprofitsdeclaredtobedistributedbytheinvestedcompany.TheCompanyshallrecognizethenetlossesoftheinvestedcompanyuntilthecarryingvalueofthelong-termequityinvestmentandotherlong-termrightsandinterestswhichsubstantiallyformthenetinvestmentmadetotheinvestedcompanyarereducedtozero,unlesstheCompanyhastheobligationtoundertakeextralosses.Asforotherchangesinowners'equityexceptforthenetprofitandlossoftheinvestedcompany,theCompanyshalladjustthecarryingvalueofthelong-termequityinvestmentandincludeitintheowners'equity.
(4)DeterminingthebasisofcommoncontrolandsignificantinfluenceontheinvesteeTheinvestorcontrolstheinvestee,meansthattheinvestorhaspowerovertheinvestee,enjoysvariablereturnsbyparticipatingintherelevantactivitiesoftheinvestee,andhastheabilitytousethepowerovertheinvesteetoaffecttheamountofreturns.Significantinfluencemeansthattheinvestorhastherightstoparticipateinthedecision-makingofthefinancialandoperatingpoliciesofthe
investee,butcannotcontrolorjointlycontroltheformulationofthesepolicieswithotherparties.
(5)Disposaloflong-termequityinvestments
1)Partialdisposaloflong-termequityinvestmentsinasubsidiarywithoutlosingcontrolInthecaseofapartialdisposaloflong-termequityinvestmentsinasubsidiarywithoutlosingcontrol,thevariancebetweenthedisposalproceedsandthecorrespondingcarryingvalueofthedisposedinvestmentisrecognizedascurrentinvestmentincome.
2)PartialdisposalofequityinvestmentsorotherreasonsforlosingcontrolofasubsidiaryIncaseswherecontroloverasubsidiaryislostduetothedisposalofequityinvestmentsorotherreasons,thecarryingvalueoflong-termequityinvestmentscorrespondingtothedisposedequityshallbetransferred.Thedifferencebetweentheproceedsfromthesaleandthecarryingvalueofthedisposedlong-termequityinvestmentshallberecognizedasinvestmentincome(loss).Atthesametime,theremainingequityshallberecognizedatitscarryingvalueaslong-termequityinvestmentsorotherrelatedfinancialassets.Iftheremainingequityafterthedisposalcanexercisejointcontrolorsignificantinfluenceoverthesubsidiary,accountingtreatmentshallbeconductedinaccordancewithrelevantregulationsontheconversionfromthecostmethodtotheequitymethod.
(6)ImpairmenttestmethodandimpairmentprovisionmethodWhenthereisobjectiveevidenceindicatingimpairmentoftheinvestmentinsubsidiaries,jointventuresandcooperativeenterprisesonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount.
23.InvestmentPropertyMeasurementmodeofinvestmentrealestatesMeasurementofcostmethodDepreciationoramortizationmethod
1.Theterm"investmentrealestate"includestherighttouseanylandwhichhasalreadybeenrented,therighttouseanylandwhichisheldandpreparedfortransferafterappreciation,andtherighttouseanybuildingwhichhasalreadybeenrented.
2.TheCompanyinitiallymeasurestheinvestmentpropertyaccordingtothecosts,andadoptsthecostmethodinthesubsequentmeasurementofinvestmentproperty,andadoptsthesamemethodswithfixedassetsandintangibleassetstowithdrawdepreciationoramortization.Whenthereisanyindicationofimpairmentofinvestmentpropertyonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount.
24.FixedAssets
(1)RecognizedStandardofFixedAssetsTheterm"fixedassets"referstothetangibleassetsthatsimultaneouslypossessthefeaturesasfollows:theyareheldforthesakeofproducingcommodities,renderinglaborservice,rentingorbusinessmanagement;andtheirusefullifeisinexcessofonefiscalyear.Fixedassetsarerecordedatactualcostatthetimeofacquisitionanddepreciatedusingthestraight-linemethodfromthesecondmonthaftertheyreachtheirintendedserviceablecondition.
(2)DepreciationMethod
| Category | Depreciationmethod | Usefullife(year) | Expectednetsalvagevalue | Annualdeprecation |
| Housesandbuildings | Straight-linedepreciation | 20-25 | 5-10 | 3.6-4.75 |
| Transportation | Straight-linedepreciation | 5 | 5 | 19 |
| Otherequipment | Straight-linedepreciation | 5 | 5 | 19 |
| Machineryequipment | Straight-linedepreciation | 5 | 5 | 19 |
| Decorationoffixedassets | Straight-linedepreciation | 5 | - | 20 |
25.ConstructioninProgress
26.BorrowingCosts
1.RecognitionPrincipleofCapitalizationofBorrowingCostsWheretheborrowingcostsincurredtotheCompanycanbedirectlyattributabletotheacquisitionandconstructionorproductionofassetseligibleforcapitalization,itshallbecapitalizedandrecordedintothecostsofrelevantassets.Otherborrowingcostsshallberecognizedasexpenseswhenitoccurred,andshallberecordedintothecurrentprofitsandlosses.
2.CapitalizationPeriodofBorrowingsCosts
(1)Theborrowingcostsshallnotbecapitalizedunlesstheysimultaneouslymeetthefollowingrequirements:1)Theassetdisbursementshavealreadyincurred;2)Theborrowingcostshavealreadyincurred;3)Theacquisitionandconstructionorproductionactivitieswhicharenecessarytopreparetheassetforitsintendeduseorsalehavealreadystarted.
(2)Wheretheacquisitionandconstructionorproductionofaqualifiedassetisinterruptedabnormallyandtheinterruptionperiodlastsformorethan3months,thecapitalizationoftheborrowingcostsshallbesuspended.Theborrowingcostsincurredduringsuchperiodshallberecognizedasexpenses,andshallberecordedintotheprofitsandlossesofthecurrentperiod,tilltheacquisitionandconstructionorproductionoftheassetrestarts.
(3)Whentheacquisitionandconstructionorproductionofaqualifiedasseteligibleforcapitalizationareavailableforitsintendeduseorsale,thecapitalizationofborrowingcostsshallbestopped.
3.CapitalizedrateandamountofborrowingcostsTotheextentthatfundsareborrowedspecificallyforthepurposeofacquiringorconstructingaqualifyingasset,theamountofborrowingcostseligibleforcapitalizationonthatassetisdeterminedastheactualinterestcosts(includingamortizationofdiscountandpremiumconfirmedaccordingtoeffectiveinterestmethod)incurredonthatborrowingduringtheperiodlessanyinvestmentincomeonthetemporaryinvestmentoftheborrowing.Totheextentthatfundsareborrowedgenerallyandusedforthepurposeofacquiringorconstructingaqualifyingasset,theamountofborrowingcostseligibleforcapitalizationshallbedeterminedbyapplyingacapitalizationratetotheweightedaverageofexcessofaccumulatedexpendituresonqualifyingassetoverthatonspecificpurposeborrowing.Thecapitalizationrateisdeterminedbycalculatingtheweightedaverageinterestrateongeneralborrowings.
27.IntangibleAssets
(1)Usefullifeandthebasisforitsdetermination,estimation,amortizationmethodologyorreviewprocedures
1.Intangibleassetsincluderighttouselandsites,userightofsoftwareetc.andconducttheinitialmeasurementaccordingtothecosts.
2.Withregardtointangibleassetswithlimitedservicelife,itshallbeamortizedsystematicallyandreasonablywithintheirservicelifeaccordingtotheexpectedimplementationofeconomicinterestsrelatedtotheintangibleassets.Ifitcan’trecognizetheexpectedimplementationreliably,itshallbeamortizedbystraight-linemethod.Thespecificusefullivesareasfollows:
| Items | Usefullifeforamortization(years) |
| Items | Usefullifeforamortization(years) |
| Userightoflands | Statutorylifeoflanduseright |
| Userightofsoftware | 5 |
Theintangibleassetswithuncertainservicelifeshallnotbeamortized,andtheCompanyrecheckstheservicelifeoftheintangibleassetsineveryaccountingperiod.Forintangibleassetswithuncertainservice,therecognitionbasisiswithoutcertainservicelifeandexpectedbenefitlife.
3.Forintangibleassetswithdefiniteservicelife,whenthereisanyindicationofimpairmentonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount;forintangibleassetswithuncertainservicelifeandthosenotreadyforservice,impairmenttestshallbeconductedeveryyearnomatterwhetherthereisanyindicationofimpairment.
(2)ThescopeofR&Dexpenditurecollectionandtherelatedaccountingtreatment
1.ThescopeofR&DexpenditureTheCompanyclassifiesallexpenseslinkedtoR&DactivitiesasR&Dexpenditures,coveringR&Demployeeremuneration,materialinputcosts,depreciationcharges,andamortizationexpenses.
2.TherelatedaccountingtreatmentofR&DexpenditureTheexpendituresintheresearchstageareincludedinthecurrentprofitsandlosseswhenincurred.AnintangibleassetarisingfromthedevelopmentphaseofaninternalprojectisrecognizediftheCompanycandemonstrateallofthefollowing:(1)thetechnicalfeasibilityofcompletingtheintangibleassetsothatitwillbeavailableforuseorsale;(2)itsintentiontocompletetheintangibleassetanduseorsellit;(3)howtheintangibleassetwillgenerateprobablefutureeconomicbenefits,amongotherthings,theCompanycandemonstratetheexistenceofamarketfortheoutputoftheintangibleassetortheintangibleassetitselfor,ifitistobeusedinternally,theusefulnessoftheintangibleasset;(4)theavailabilityofadequatetechnical,financialandotherresourcestocompletethedevelopmentandtouseorselltheintangibleasset;and(5)itsabilitytomeasuretheexpenditureattributabletotheintangibleassetreliablyduringitsdevelopment.
28.ImpairmentofLong-termAssetsForlong-termassetssuchaslong-termequityinvestments,investmentpropertyatcostmodel,fixedassets,constructioninprogress,andintangibleassetswithfiniteusefullives,theassessmentofpotentialindicationsofassetimpairmentisconductedonthebalancesheetdate.Forgoodwillrecognizedinabusinesscombinationandintangibleassetswithindefiniteusefullives,nomatterwhetherthereisanindicationofimpairment,animpairmenttestisperformedannually.Animpairmenttestongoodwillisperformedonarelatedassetgrouporassetgroupportfolio.Theexistenceofthefollowingsignsindicatesthattheassetsmaybeimpaired:
(1)Themarketpriceoftheassetshassignificantlydroppedinthecurrentperiod,withadeclinemuchhigherthanexpectedduetothepassageoftimeornormalusage;(2)Theeconomic,technological,orlegalenvironmentinwhichthebusinessoperates,aswellasthemarketinwhichtheassetsarelocated,isundergoingorexpectedtoundergosignificantchangesinthecurrentperiodorinthenearfuture,adverselyaffectingthebusiness;(3)Marketinterestratesorothermarketinvestmentreturnshaveincreasedinthecurrentperiod,impactingthediscountrateusedbythebusinesstocalculatethepresentvalueofexpectedfuturecashflowsfromtheassets,resultinginasignificantdecreaseintherecoverableamountoftheassets;(4)Thereisevidenceindicatingthattheassetsareobsoleteortheirphysicalconditionhasdeteriorated;(5)Theassetshavebeenorwillbeidle,discontinued,orplannedforearlydisposal;(6)Internalreportswithinthebusinessshowthattheeconomicperformanceoftheassetsisorwillbelowerthanexpected,suchasthenetcashflowsgeneratedbytheassetsortheoperatingprofit(orloss)achievedbeingsignificantlylowerthan(orhigherthan)theestimatedamount;(7)Otherindicatorssuggestingthattheassetsmayhavebeenimpaired.Ifthereisanysignofimpairmentoftheassets,theirrecoverableamountshallbeestimated.Themeasurementresultofthe
recoverableamountshowsthatiftherecoverableamountoftheassetsislowerthantheirbookvalue,thebookvalueoftheassetsshallbewrittendowntotherecoverableamount,andthewritten-downamountshallberecognizedasassetimpairmentlosses,whichshallbeincludedintheprofitandlossforthecurrentperiod,andthecorrespondingassetimpairmentprovisionshallbeaccruedatthesametime.
29.Long-termPrepaidExpensesLong-termprepaidexpensereferstovariousexpensesthatthecompanyhasincurredbutshallbebornebythecurrentandsubsequentperiodsforaperiodofmorethanoneyear(excludingoneyear).Long-termprepaidexpenseshallberecordedintotheaccountaccordingtotheactualaccrual.Long-termprepaidexpenseshallbeamortizedaveragelywithinbenefitperiodorspecifiedperiod.Incaseofnobenefitinthefutureaccountingperiod,theamortizedvalueofsuchprojectthatfailstobeamortizedshallbetransferredintotheprofitsandlossesofthecurrentperiod.
30.ContractLiabilitiesTheCompanypresentscontractassetsorcontractliabilitiesonthebalancesheetaccordingtotherelationshipbetweenthefulfillmentofitscontractperformanceobligationsanditscustomers’payment.ObligationstobefulfilledbytheCompanyoftransferringcommoditiesorprovidingservicestocustomers,astheCompanyhasreceivedorshouldreceivecustomers’considerations,arepresentedascontractliabilities.
31.Payroll
(1)AccountingTreatmentofShort-termCompensationDuringtheaccountingperiodwhentheemployeesprovidingtheservicefortheCompany,theactualshort-termcompensationshallberecognizedasliabilities,andberecordedintothecurrentprofitsandlossesorrelatedassetscosts.
(2)AccountingTreatmentoftheWelfareafterDemissionTheCompany'swelfareafterdemissionplansisdividedintodefinedcontributionplansanddefinedbenefitplans(1)DuringtheaccountingperiodwhentheemployeeprovidingservicefortheCompany,theamountpaidinlinewiththesettingdrawingplanwillberecognizedasliabilitiesandrecordedintocurrentprofitsorlossesorcostofrelevantassets.
(2)Theaccountingtreatmentofdefinedbenefitplansusuallyconsistsofthefollowingsteps:
1)Accordingtotheexpectedcumulativewelfareunitmethod,adoptunbiasedandmutuallyconsistentactuarialassumptionstoevaluaterelateddemographicvariablesandfinancialvariables,measuretheobligationsgeneratedfromdefinedbenefitplansandrecognizetheperiodinrespectofrelatedobligations.Meanwhile,discounttheobligationsgeneratedfromdefinedbenefitplanstorecognizetheirpresentvalueandthecurrentservicecosts;
2)Ifthereareanyassetsinadefinedbenefitplan,thedeficitorsurplusformedfromthepresentvalueofthedefinedbenefitplanobligationslessthefairvalueofthedefinedbenefitplanassetsshallberecognizedasnetliabilitiesornetassetsofadefinedbenefitplan.Ifthereisanysurplusinadefinedbenefitplan,thenetassetsoftheplanshallbemeasuredatthelowerofthesurplusortheupperassetlimit;
3)Attheendoftheperiod,thestaffremunerationcostsgeneratedfromadefinedbenefitplanshallberecognizedasservicescosts,netinterestsofthenetliabilitiesornetassetsoftheplanandchangesfromthere-measurementofthenetliabilitiesornetassetsoftheplan.Servicecostsandnetinterestsofthenetliabilitiesornetassetsoftheplanshallberecordedintothecurrentprofitsorlossesorrelatedassetcosts,whilechangesfromthere-measurementofthenetliabilitiesornetassetsoftheplanshallberecordedintoothercomprehensiveincomeandshallnotbetransferredbacktoprofitsorlossesinsubsequentaccountingperiods.Buttheamountsrecognizedinothercomprehensiveincomemaybetransferredwithintheequityscope.
(3)AccountingTreatmentofDemissionWelfareWhentheCompanyisunabletounilaterallywithdrawtheplanonthecancellationoflaborrelationshiporthelayoffproposal,orwhenrecognizingthecostsorexpenses(theearlieronebetweenthetwo)relatedtothereorganizationofpayingthedemission
welfare,shouldrecognizethepayrollliabilitiesfromthedemissionwelfareandincludeinthecurrentgainsandlosses.
(4)AccountingTreatmentofOtherWelfareoftheLong-termEmployeesTheCompanyprovidestheotherlong-termemployeebenefitsfortheemployees,andforthosemetwiththedefinedcontributionplans,accountingtreatmentshouldbeconductedaccordingtotherelatedregulationsofthedefinedcontributionplans;thefortheotherslong-termemployeebenefitsexceptfortheformer,accountingtreatmentshouldbeconductedaccordingtotherelatedregulationsofthedefinedbenefitplans.Inordertosimplifytherelatedaccountingtreatment,thepayrollsshallberecognizedasservicecosts,thenetamountofinterestofnetliabilitiesandnetassetsofotherwelfareofthelong-termemployees.Thetotalnetamountsmadeupfromthechangesofmeasuringthenetliabilitiesandnetassetsofotherwelfareofthelong-termemployeesagainshallberecordedintothecurrentprofitsandlossesorrelatedassetscosts.
32.Provisions
1.Theobligationsuchasexternalguaranty,litigationorarbitration,productqualityassurance,losscontract,pertinenttoacontingenciesshallberecognizedastheprovisionswhenthefollowingconditionsaresatisfiedsimultaneously:
①Thatobligationisacurrentobligationoftheenterprise;②Itislikelytocauseanyeconomicbenefittoflowoutoftheenterpriseasaresultofperformanceoftheobligation;and③Theamountoftheobligationcanbemeasuredinareliableway.
2.TheCompanyshallconducttheinitialmeasurementtoprovisionsaccordingtothebestestimatenumberneededforperformingtherelatedcurrentobligationandrecheckthecarryingvalueofaccruedliabilitiesonbalancesheetdate.
33.Share-basedPaymentNotapplicable.
34.OtherFinancialInstrumentssuchasPreferenceSharesandPerpetualBondsNotapplicable.
35.RevenueTheAccountingPolicyAdoptedforRecognitionandMeasurementofRevenueDisclosedbyTypeofBusiness
1.RecognitionofrevenueTheCompanygainsrevenuemainlyfrompropertysales,propertymanagement,salesofsoftwareandpropertyleasing(referto39.Leasingformoredetail).TheCompanyrecognizesrevenuewhenithasfulfilledtheobligationofcontractperformance,namely,whenithasacquiredthecontroloftherelatedcommodity.Theacquisitionofcontroloveracommodityreferstothecapacitytocontroltheuseofthecommodityandtogainalmostalleconomicintereststhereof.
2.TheCompanyjudgeswhetheracontractperformanceobligationis“acontractperformanceobligationfulfilledinatimeperiod”or“acontractperformanceobligationfulfilledatatimepoint”accordingtothetermsinrevenuestandards,andrecognizesrevenueaccordingtothefollowingprinciples.
(1)WhentheCompanymeetsoneofthefollowingconditions,theobligationshouldbeclassifiedasacontractperformanceobligationfulfilledinaspecifictimeperiod:
1)ThecustomergainsandconsumestheeconomicinterestsbroughtbytheCompany’scontractperformancewhentheCompanyperformsthecontract.
2)ThecustomerisabletocontroltheassetsinprogressduringtheCompany’scontractperformance.
3)TheassetsproducedduringtheCompany’scontractperformancehaveirreplaceableuse,andtheCompanyhastherighttocollectpaymentinrespectofitscompletedcontractperformanceaccumulatedasofnowthroughouttheentirecontractperiod.Foracontractperformanceobligationfulfilledinatimeperiod,theCompanyrecognizesrevenueaccordingtotheprogresstowardscontractcompletioninthatperiod,butexcludingthecasewhensuchprogresscannotbereasonablydetermined.TheCompanyusestheoutputorinputmethodtodeterminetherightprogresstowardscontractcompletionbyconsideringthenatureofthecommodity.
4)Foronethatisclassifiedasacontractperformanceobligationfulfilledatatimepointinsteadofinatimeperiod,theCompany
recognizesrevenuewhenthecustomeracquiresthecontrolovertherelatedcommodity.Injudgingwhetherthecustomerhasacquiredthecontroloveracommodity,theCompanyconsidersthefollowingsigns:
1)TheCompanyisentitledtothecurrentrightofpaymentcollectioninrespectofthecommodity.Inotherwords,thecustomerhasthecurrentobligationtopayforthecommodity.
2)TheCompanyhastransferredthelegalownershipofthecommoditytothecustomer.Inotherwords,thecustomerhasownedthelegalownershipofthecommodity.
3)TheCompanyhastransferredthephysicalcommoditytothecustomer.Inotherwords,thecustomerhastakenphysicalpossessionofthecommodity.
4)TheCompanyhastransferredthemajorrisksandremunerationsinrespectoftheownershipofthecommodity.Inotherwords,thecustomerhasacquiredthemajorrisksandremunerationsinrespectoftheownershipofthecommodity.
5)Thecustomerhasacceptedthecommodity.
6)Othersignsindicatingthatthecustomerhasacquiredcontroloverthecommodity.
3.SpecificpoliciesoftheCompanyforrecognizingrevenue:
1)RealEstateSalesContractsTherealizationofsalesrevenueshallberecognizedunderthefollowingconditions:thedevelopedproductshavebeencompletedandaccepted,thesalescontracthasbeensignedandtheobligationsstipulatedinthecontracthavebeenfulfilled,themainrisksandrewardsofownershipofthedevelopedproductshavebeentransferredtothebuyeratthesametime,theCompanyshallnolongerretainthecontinuousmanagementrightsnormallyassociatedwithownershipandeffectivelycontrolthesolddevelopedproducts,therevenueamountcanbemeasuredreliably,therelatedeconomicbenefitsarelikelytoflowin,andtherelatedcoststhathaveoccurredorwilloccurcanbemeasuredreliably.Forthesaleofself-occupiedhousing,therealizationofsalesincomeshallberecognizedunderthefollowingconditions:themainrisksandrewardsofownershipofself-occupiedhousesaretransferredtothebuyer,theCompanywillnolongerretainthecontinuousmanagementrightsnormallyassociatedwithownershipandeffectivelycontrolthesolddevelopmentproducts,theamountofincomecanbemeasuredreliably,relevanteconomicbenefitsarelikelytoflowin,therelevantcoststhathaveoccurredorwilloccurcanbemeasuredreliably.Onlyrecognizingthesalesincomerealizationunderthefollowingconditions:acquiredtherealestatecompletedandacceptedasqualified(thecompletionandacceptancereports),signedanirreversiblesalescontract,obtainedthebuyer'spaymentcertificate(forthosewhochosebankmortgage,thefirstinstallmentandthefullamountofbankmortgagemustberequired;Ifabankmortgageisnotselectedforself-payment,thefullamountofthepropertyisreceived),andtherevenueisrecognizedastheearliestofthepointintimewhenthenoticeofrepossessionisissued(whichisdeemedtobethesameasrepossessioniftheownerfailstocompletetheformalitieswithinthestipulatedperiodduetotheowner'sfailuretodosoinatimelymanner)andthepointintimewhentheowneractuallyrepossessestheproperty.
2)ProvidingLaborServicesIftheprovisionoflaborservicescanbereliablyestimated(allthefollowingconditionsaremet:
①Theamountofincomecanbemeasuredreliably;②TherelevanteconomicbenefitsarelikelytoinflowtotheCompany;③Theprogressofthetransactioncanbereliablydetermined;④Thecostincurredandtobeincurredinthetransactioncanbemeasuredreliably),itshallrecognizetherevenuefromprovidingservicesemployingthepercentage-of-completionmethod,andconfirmthecompletionoflaborserviceaccordingtothecostsincurredasapercentageofthetotalestimatedcosts.IftheCompanycan’t,onthedateofthebalancesheet,reliablyestimatetheoutcomeofatransactionconcerningthelaborservicesitprovides,itshallbehandledunderthefollowingconditions:Ifthecostoflaborservicesincurredisexpectedtobecompensated,therevenuefromtheprovidingoflaborservicesshallberecognizedinaccordancewiththeamountofthecostoflaborservicesincurred,andthecostoflaborservicesshallbecarriedforwardatthesameamount;Ifthecostoflaborservicesincurredisnotexpectedtocompensate,thecostincurredshouldbeincludedinthecurrentprofitsandlosses,andnorevenuefromtheprovidingoflaborservicesmayberecognized.Propertymanagementrevenueshallberecognizedwhenpropertymanagementserviceshavebeenprovided,economicbenefitsrelatedtopropertymanagementservicescanflowintotheenterprise,andcostsrelatedtopropertymanagementcanbereliablymeasured.
3)TransferringtheRighttoUseAssetsTherevenueoftransferringtherighttouseassetsmaynotberecognizedunlessthefollowingconditionsarebothmet:therelevanteconomicbenefitsarelikelytoinflowtotheCompany;andtherevenuecanbereliablymeasured.TheinterestincomeshallberecognizedaccordingtothetimeandactualinterestrateinwhichotherpeopleusetheCompany’smonetaryfunds.Royaltyrevenueshallberecognizedaccordingtothechargeabletimeandmethodstipulatedinrelatedcontractsandagreements.Accordingtotheleasedateandleaseamountagreedintheleasecontractandagreement,therealizationofrentalpropertyincomeshallberecognizedwhenrelevanteconomicbenefitsarelikelytoflowin.
4)Softwaresalesrevenue①RevenuerecognitionandmeasurementmethodsforsalesofcustomsoftwareandindependentsoftwareproductsCustomsoftwarereferstothespecialsoftwaredesignedanddevelopedafterthefullon-siteinvestigationoftheuser'sbusinessaccordingtothesoftwaredevelopmentcontractsignedwiththecustomerbasedontheactualneedsoftheuser,andtheresultingdevelopedsoftwareisnotuniversal.RevenueisrecognizedovertimebasedontheprogressofcompletedperformanceobligationsoverthecontractperiodonlyifthegoodsproducedbytheCompanyinthecourseofperformancehaveanirreplaceableuseandtheCompanyisentitledtoreceivepaymentforthecumulativeportionofperformancecompletedtodatethroughoutthecontractperiod,withtheprogressofcompletedperformanceobligationsdeterminedbytheproportionofthecontractcostsactuallyincurredtocompletetheperformanceobligationstothetotalestimatedcontractcosts.Otherwise,therevenueisrecognizedatacertainpointintime.Forsalescontractsofindependentsoftwareproductssignedwiththecustomer,thecustomerdirectlypurchasesthestandardversionofthesoftware,i.e.,therealestateandfacilitiesmanagementplatform,andthecorrespondingmodulesaredeployedbyimplementationpersonnelaccordingtothecustomer'srequirements.Inthiscase,theperformanceobligationsaretobeperformedatacertainpointintime.TherevenueisrecognizedaftertheCompanydeliverstheproducttothecustomerandthecustomeracceptstheproduct.②RevenuerecognitionandmeasurementmethodsforsystemsintegrationcontractsSystemintegrationincludesthesaleandinstallationofpurchasedmerchandiseandsoftwareproducts.TherevenueisrecognizedwhentheCompanyhastransferredtheprimaryrisksandrewardsoftheownershipofthepurchasedmerchandisetothepurchaser;theCompanyneitherretainedthecontinuedmanagementrightsusuallyassociatedwiththeownership,noreffectivelycontrolledthesoldgoods;theinstallationandcommissioningofthesystemhavebeencompletedandthesystemhasbeenputintotrialoperation,ortheinitialinspectionreportofthepurchaserisobtained;theeconomicbenefitsrelevanttothetransactionarelikelytoflowintotheCompany,therelevantcostscanbereliablymeasured.③RevenuerecognitionandmeasurementmethodsfortechnicalservicerevenueTechnicalservicerevenuemainlyreferstothebusinessofprovidingconsulting,implementationandafter-salesservicesofproductstocustomersasrequiredbycontracts.Ifaserviceperiodisagreeduponinacontract,itisconsideredasaperformanceobligationtobeperformedwithinacertainperiodoftime,andrevenueisrecognizedforservicessettledwiththecustomerinaccordancewiththecontractedserviceperiodduringtheserviceprovisionperiod.
5)OtherBusinessIncome
(5)Otheroperatingincomeisrecognizedwhenthecustomerobtainscontroloftherelevantgoodsasstipulatedintherelevantcontractsoragreements,uponthefulfillmentofcontractualobligations.
4.MeasurementofRevenueTheCompanyshouldmeasurerevenueaccordingtothetransactionpricesapportionedtoeachoftheindividualcontractperformanceobligations.Indeterminingatransactionprice,theCompanyconsiderstheimpactofanumberoffactors,includingvariableconsideration,significantfinancingcomponentsincontracts,non-cashconsideration,andconsiderationpayabletocustomers.
(1)VariableconsiderationTheCompanydeterminesthebestestimateofvariableconsiderationaccordingtotheexpectedvalueortheamountmostlikelytooccur.Butatransactionpricecontainingvariableconsiderationshouldnotexceedtheamountfromtheaccumulatedrecognized
revenuethatwillprobablynothaveanysignificantreversalwhenrelateduncertaintiesareeliminated.Whenassessingwhetherthesignificantreversalofaccumulatedrecognizedrevenueisalmostimpossibleornot,acompanyshouldconcurrentlyconsiderthepossibilityandweightoftherevenuereversal.
(2)SignificantfinancingcomponentWhenacontractcontainsanyfinancingcomponent,theCompanyshoulddeterminethetransactionpriceaccordingtotheamountpayablethatisassumedtobepaidincashbythecustomerwhenitacquirescontroloverthecommodity.Thedifferencebetweenthetransactionpriceandthecontractconsiderationshouldbeamortizedintheeffectiveinterestmethodduringthecontractperiod.
(3)Non-cashconsiderationWhenacustomerpaysnon-cashconsideration,theCompanyshoulddeterminethetransactionpriceaccordingtothefairvalueofthenon-cashconsideration.Whensuchfairvaluecannotbereasonablyestimated,theCompanywillindirectlydeterminethetransactionpricebyreferencetotheindividualpricecommittedbytheCompanyfortransferringthecommoditytothecustomer.
(4)ConsiderationpayabletoacustomerForconsiderationpayabletoacustomer,theCompanyshoulddeductthetransactionpricefromtheconsiderationpayable,anddeducttherevenueforthecurrentperiodateithertherecognitionofrelatedrevenueorthepayment(orcommittedpayment)oftheconsiderationtothecustomer,whicheverisearlier,butexcludingthecaseinwhichtheconsiderationpayabletothecustomerisforthepurposeofacquiringfromthecustomerothercommoditiesthatcanbeobviouslydistinguished.IftheCompany’sconsiderationpayabletoacustomerisforthepurposeofacquiringfromthecustomerothercommoditiesthatcanbeobviouslydistinguished,theCompanyshouldconfirmthecommoditypurchasedinthesamewayasinitsotherpurchases.WhentheCompany’sconsiderationpayabletoacustomerexceedsthefairvalueofthecommoditythatcanbeobviouslydistinguished,theexceededamountshouldbeusedtodeductthetransactionprice.Ifthefairvalueofthecommodityacquiredfromthecustomerthatcanbeobviouslydistinguishedcannotbereasonablyestimated,theCompanyshoulddeductthetransactionpricefromtheconsiderationpayabletothecustomer.DifferencesinmethodsfortherecognitionandmeasurementofrevenuecausedbydifferentbusinessmodelsforthesametypeofbusinessNotapplicable.
36.ContractCostsContractcostscomprisecontractperformancecostandcontractacquisitioncost.ThecostincurredbytheCompanyfromperformingacontractisrecognizedintoanassetascontractperformancecostwhenitmeetsthefollowingconditions:
(1)Thiscostdirectlyrelatestoanexistingcontractoracontractexpectedtobeacquired.Itconsistsofdirectlabor,directmaterials,manufacturecosts(orsimilarcosts),costsspecifiedtobebornebythecustomerandothercostsincurredfromthiscontractsolely.
(2)ThiscosthasincreasedtheCompany’ssourcesthatareusedtofulfillitscontractperformanceobligationsinthefuture.
(3)Thiscostisexpectedtoberecovered.AnincrementalcostthatisincurredbytheCompanyforacquiringacontractandexpectedtoberecoveredisrecognizedintoanassetascontractacquisitioncost.However,forsuchassetwithanamortizationperiodoflessthanoneyear,theCompanyrecognizesthemintocurrentprofit/lossattheiroccurrence.Assetsrelatedtocontractcostsareamortizedonthesamebasisforrecognizingtherevenuefromcommoditiesorservicesrelatedtosuchassets.Whenthecarryingvalueofanassetrelatedtocontractcostsishigherthanthedifferencebetweenthefollowingtwoitems,theCompanywillwithdrawimpairmentprovisionfortheexceededpartandrecognizeitasassetimpairmentloss:
(1)Residualconsiderationexpectedtobegainedfromtransferringcommoditiesandservicesrelatedtothisasset;
(2)Costsexpectedtobeincurredfromtransferringsuchcommoditiesorservices.Whentheaforementionedassetimpairmentprovisionisreversedlater,thecarryingvalueoftheassetafterthereversalshouldnot
exceeditscarryingvalueonthereversaldateundertheassumptionofnowithdrawalofimpairmentprovision.
37.GovernmentGrants
1.Ifthegovernmentsubsidiesmeetwiththefollowingconditionsatthesame,itshouldberecognized:(1)Theentitywillcomplywiththeconditionattachingtothem;(2)Thegrantswillbereceivedfromgovernment.Ifagovernmentsubsidyisamonetaryasset,itshallbemeasuredaccordingtotheamountreceivedorreceivable.Ifagovernmentsubsidyisanon-monetaryasset,itshallbemeasuredatitsfairvalue,andshallbemeasuredatanominalamountwhenthefairvaluecannotbeobtainedreliably.
2.JudgmentbasisandaccountingmethodsofgovernmentsubsidiesrelatedtoassetsThegovernmentsubsidiesthatareacquiredforconstructionorformlong-termassetsinotherwaysaccordingtogovernmentdocumentsshallbedefinedasasset-relatedgovernmentsubsidies.Forthosenotspecifiedingovernmentdocuments,thejudgmentshallbemadebasedonthecompulsoryfundamentalconditionsforacquiringthesubsidies.Ifthesubsidiesareacquiredwithconstructionortheformationoflong-termassetsinotherwaysasfundamentalconditions,theyshallberecognizedasasset-relatedgovernmentsubsidies.Forasset-relatedgovernmentsubsidies,thecarryingvalueofrelatedassetsshallbewrittendownorrecognizedasdeferredincome.Ifasset-relatedgovernmentsubsidiesarerecognizedasdeferredincome,itshallberecordedintoprofitsorlossesbyperiodinareasonableandsystemicmannerwithinthelifeofrelatedassets.Governmentsubsidiesmeasuredatthenominalamountshallbedirectlyrecordedintocurrentprofitsorlosses.Ifrelatedassetsaresold,transferred,disposedofordestroyedbeforetheendoftheirlife,theundistributedbalanceofrelateddeferredincomeshallbetransferredintotheprofitsorlossesfortheperiodoftheassetdisposal.
3.Judgmentbasisandaccountingtreatmentofprofits-relatedgovernmentsubsidiesGovernmentsubsidiesotherthanasset-relatedgovernmentsubsidiesshallbedefinedasprofits-relatedgovernmentsubsidies.Forgovernmentsubsidiesconsistingofbothasset-relatedpartsandprofits-relatedparts,whicharedifficulttojudgewhethertheyarerelatedtoassetsorprofits,theentiretyshallbeclassifiedasprofits-relatedgovernmentsubsidies.Profits-relatedgovernmentsubsidiesthatareusedtocompensatetherelatedfutureexpensesorlossesshallberecognizedasdeferredincomeandshallbeincludedintothecurrentprofit/lossesoroffsetrelevantcostsduringtheperiodwhentherelevantexpensesorlossesarerecognized;thosesubsidiesusedtocompensatetherelatedexpensesorlossesincurredshallbedirectlyincludedintothecurrentprofits/lossesoroffsetrelevantcosts.
4.GovernmentsubsidiesrelatedtotheCompany’sroutineoperatingactivitiesshallbeincludedintootherincomeorwritedownrelatedcostsaccordingtotheeconomicbusinessnature.GovernmentsubsidiesnotrelatedtotheCompany’sroutineactivitiesshallbeincludedintonon-operatingincomeandexpenditure.
38.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
1.Inaccordancewiththebalance(theitemnotrecognizedasassetsandliabilitiescanconfirmtheirtaxbasesaccordingtothetaxlaw,thebalancebetweenthetaxbasesanditscarryingamount)betweenthecarryingamountofassetsorliabilitiesandtheirtaxbases,deferredtaxassetsanddeferredtaxliabilitiesshouldberecognizedatthetaxratesthatareexpectedtoapplytotheperiodwhentheassetisrealizedortheliabilityissettled.
2.Adeferredtaxassetshallberecognizedwithinthelimitoftaxableincomethatislikelytobeobtainedtooffsetthedeductibletemporarydifferences.Atthebalancesheetdate,wherethereisstrongevidenceshowingthatsufficienttaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencecanbeutilized,thedeferredtaxassetunrecognizedinpriorperiodshallberecognized.
3.TheCompanyassessesthecarryingamountofdeferredtaxassetatthebalancesheetdate.Ifit’sprobablethatsufficienttaxableprofitwillnotbeavailableagainstwhichthedeductibletemporarydifferencecanbeutilized,theCompanyshallwritedownthecarryingamountofdeferredtaxasset,orreversetheamountwrittendownlaterwhenit’sprobablethatsufficienttaxableprofitwillbeavailable.
4.ThecurrentincometaxanddeferredincometaxoftheCompanyarerecordedintothecurrentgainsandlossesasincometaxexpensesorrevenue,exceptinthefollowingcircumstances:(1)Businesscombination;(2)Thetransactionoreventdirectlyincluded
inowner’equity.
39.Lease
(1)AccountingtreatmentforleasesasthelesseeOnthebeginningdateoftheleaseterm,theCompanywillrecognizetheleasewithaleasetermnotexceeding12monthsandexcludethepurchaseoptionasashort-termlease.Leaseswithlowervaluewhenasingleleasedassetisabrand-newassetareidentifiedaslow-valueassetleases.IftheCompanysubletsorexpectstosublettheleasedassets,theoriginalleaseshallnotbedeemedasalow-valueassetlease.TheCompanyrecordsthepaymentsofshort-termandlow-valueassetleasesincurredduringeachperiodoftheleasetermintherelevantassetcostsortheprofitorlossforthecurrentperiodbytheunits-of-consumptionmethod.TheCompanywillrecognizeright-of-useassetsandleaseliabilitiesontheinceptiondateoftheleaseterm,excludingtheaboveshort-termandlow-valueassetleases.
1)Right-of-useassetsTheright-of-useassetismeasuredatcostandthecostshallcomprise:1)theamountoftheinitialmeasurementoftheleaseliabilities;
2)anyleasepaymentsmadeatorbeforethecommencementdate,lessanyleaseincentivesreceived;3)anyinitialdirectcostsincurredbythelessee;and4)anestimateofcoststobeincurredbythelesseeindismantlingandremovingtheunderlyingasset,restoringthesiteonwhichitislocatedorrestoringtheunderlyingassettotheconditionrequiredbythetermsandconditionsofthelease.TheCompanydepreciatestheright-of-useassetusingthestraight-linemethod.Ifitisreasonablycertainthatownershipoftheleasedasset(s)willbeobtainedattheendoftheleaseterm,theCompanydepreciatestheleasedasset(s)overits/theirremainingservicelife.Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,theCompanywilldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.
2)LeaseliabilitiesAtthecommencementdate,theCompanymeasurestheleaseliabilitiesatthepresentvalueoftheleasepaymentsthatarenotpaidatthatdate,TheCompanyusestheinterestrateimplicitinleaseastherateofdiscountwhencalculatingthepresentvalueoftheleasepayments.Theincrementalinterestrateonborrowingofthelesseewillbeusedastherateofdiscount,iftheinterestrateimplicitinleasecannotbedetermined.Thedifferencebetweentheleasepaymentanditspresentvalueisregardedasanunrecognizedfinancingexpense.Interestexpenseisrecognizedatthediscountrateofthepresentvalueoftherecognizedleasepaymentduringeachperiodoftheleasetermandisrecordedintheprofitandlossforthecurrentperiod.Variableleasepaymentsthatarenotcoveredinthemeasurementoftheleaseliabilitiesareincludedincurrentprofitorlosswhenactuallyincurred.Afterthecommencementdate,ifthereisachangeinthefollowingitems:(a)actualfixedpayments;(b)amountsexpectedtobepayableunderresidualvalueguarantees;(c)anindexorarateusedtodetermineleasepayments;(d)assessmentresultorexerciseofpurchaseoption,extensionoptionorterminationoption.,theCompanyremeasurestheleaseliabilitiesbasedonthepresentvalueofleasepaymentsafterchanges,andadjuststhecarryingamountoftheright-of-useassetaccordingly.Ifthecarryingamountoftheright-of-useassetisreducedtozerobutthereshallbeafurtherreductionintheleaseliabilities,theremainingamountshallberecognizedintoprofitorloss.
(2)AccountingtreatmentofleasesasthelessorOnthestartdateoftheleaseterm,theCompanydividestheleasethatsubstantiallytransfersalmostallrisksandrewardsrelatedtotheownershipoftheleasedassetsintofinanceleases,exceptforoperatingleases.
1)OperatingleaseTheCompanyrecognizestheleasepaymentsreceivableasrentalearningsineachperiodwithintheleasetermonastraight-linebasis.Theinitialdirectcostsrelatedtotheoperatingleasearecapitalized,amortizedwithintheleasetermonthesamebasisastherecognitionofrentalearnings,andincludedintheprofitorlossforthecurrentperiod.VariableleasepaymentsobtainedbytheCompanyinrelationtooperatingleasesthatarenotincludedintheleasereceivableareincludedintheprofitorlossforthecurrent
periodwhentheyareactuallyincurred.
2)FinancialleaseAtthecommencementdate,theCompanyrecognizesthefinanceleasepaymentreceivablebasedonthenetinvestmentinthelease(sumofthepresentvalueofunguaranteedresidualvalueandleasereceiptsthatarenotreceivedatthecommencementdate,discountedbytheinterestrateimplicitinthelease),andderecognizesassetsheldunderthefinancelease.TheCompanycalculatesandrecognizesinterestincomeusingtheinterestrateimplicitintheleaseovertheleaseterm.Variableleasepaymentsnotincludedinthemeasurementofthenetinvestmentintheleasearechargedasprofitorlossintheperiodsinwhichtheyareincurred.
3)UnderleaseTheCompany,astheunderleaselessor,appliedaccountingtreatmenttotheheadleaseagreementandthesubleaseagreementinaccordancewiththeaccountingrequirementsofboththelesseeandlessor.Ifaheadleaseisashort-termleaseandsimplifiedaccountingtreatmentwasapplied,thenitclassifiesthesub-leaseasanoperatinglease.
(3)Saleandleaseback
1.TheCompanyasthelesseeTheCompanyassesseswhethertheassettransferinasaleandleasebacktransactionisasaleinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.14-Income.Iftheassettransferinasaleandleasebacktransactionisasale,theCompanymeasurestheright-of-useassetsformedbythesaleandleasebackbasedontheportionoftheoriginalasset'scarryingvaluethatisrelatedtotheuserightacquiredbytheleaseback,andrecognizesrelatedgainsorlossesonlyfortherighttransferredtothelessor.Iftheassettransferinasaleandleasebacktransactionisnotasale,theCompanycontinuestorecognizethetransferredassetandatthesametimerecognizesafinancialliabilityequivalenttothetransferincome,andconductscorrespondingaccountingtreatmentforthefinancialliabilityinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments.
2.TheCompanyaslessorTheCompanyassesseswhethertheassettransferinasaleandleasebacktransactionisasaleinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.14-Income.Iftheassettransferinasaleandleasebacktransactionisasale,theCompanyappliesotheraccountingstandardsforbusinessenterprisestotheaccountingtreatmentforassetpurchase,andconductscorrespondingaccountingtreatmentforassetleaseinaccordancewiththeAccountingStandardforBusinessEnterprisesNo.21-Leases.Iftheassettransferinasaleandleasebacktransactionisnotasale,theCompanydoesnotrecognizethetransferredasset,butrecognizesafinancialassetequivalenttothetransferincome,andconductscorrespondingaccountingtreatmentforthefinancialassetinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments.
40.OtherImportantAccountingPoliciesandAccountingEstimationsConfirmationstandardandaccountinghandlingmethodforoperationterminationComponentswhichmeetoneofthefollowingconditions,havebeendisposedordividedasheldforsalecategoryandcanbedistinguishedseparatelyareconfirmedasoperationtermination.
1)Thecomponentrepresentsoneimportantindependentmainbusinessoronesinglemainoperationarea.
2)Thecomponentisonepartofarelatedplanwhichplanstodisposeoneindependentmainbusinessoronesinglemainoperationarea.
41.ChangesinMainAccountingPoliciesandEstimates
(1)ChangeofAccountingPolicies
□Applicable?Notapplicable
(2)ChangesinAccountingEstimates
□Applicable?Notapplicable
(3)AdjustmentstoFinancialStatementItemsattheBeginningoftheYearoftheFirstImplementationoftheNewAccountingStandardsImplementedsince2024
□Applicable?Notapplicable
42.Other
IntheNoteofthefinancialstatements,thedataoftheperiod-beginningreferstothefinancialstatementdataon1January2024;thedataoftheperiod-endreferstothefinancialstatementdataon30June2024;theReportingPeriodreferstotheH12024;thesameperiodoflastyearreferstotheH12023.ThesametotheCompanyastheparent.VITaxes
1.MainTaxesandTaxRates
| Categoryoftaxes | Taxbasis | Taxrate |
| VAT | Salesofgoodsorprovisionoftaxableservices | Note1 |
| Urbanmaintenanceandconstructiontax | Turnovertaxpayable | Appliedto7%,5%,1%separatelyaccordingtotheregionallevel |
| Enterpriseincometax | Taxableincome | 25%、20%、15%、16.5% |
| VATofland | Addedvaluegeneratedfrompaidtransferoftheuserightofstate-ownedlandsandpropertyrightofabove-groundbuildingsandotherattachments | 30%-60% |
| Realestatetax | Leviedaccordingtoprice:paidaccordingto1.2%oftheresidualvalueoftherealestate’soriginalvalueafterdeducted30%atonce;leviedaccordingtolease:paidaccordingto12%oftherentalincome | 1.2%、12% |
| Educationsurcharge | Turnovertaxpayable | 3% |
| Localeducationsurcharge | Turnovertaxpayable | 2% |
Notesofthedisclosuresituationofthetaxpayingbodieswithdifferententerprisesincometaxrate
| Name | Incometaxrate |
| ChongqingShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | 15% |
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.ChongqingBranch | 15% |
| ShenzhenFacilityManagementCommunityCo.,Ltd | 15% |
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | 20% |
| ShenzhenGuomaoChuntianCommercialManagementCo.,Ltd. | 20% |
| ShenzhenJinhailianPropertyManagementCo.,Ltd. | 20% |
| ShenzhenZhongtongdaHouseXiushanServiceCo.,Ltd. | 20% |
| ShenzhenKangpingIndustryCo.,Ltd. | 20% |
| ShenzhenTeacherFamilyTrainingCo.,Ltd. | 20% |
| ShenzhenEducationIndustryCo.,Ltd. | 20% |
| ShenzhenYufaIndustryCo.,Ltd. | 20% |
| ChongqingAoboElevatorCo.,Ltd. | 20% |
| ShenzhenSZPRDFuyuantaiDevelopmentCo.,Ltd. | 20% |
| ShenzhenFuyuanminPropertyManagementCo.,Ltd. | 20% |
| ShenzhenMeilongIndustrialDevelopmentCo.,Ltd. | 20% |
| ShenzhenSportsServiceCo.,Ltd. | 20% |
| ShenzhenPenghongyuanIndustrialDevelopmentCo.,Ltd. | 20% |
| ShenzhenGuoguanElectromechanicalDeviceCo.,Ltd. | 20% |
| ShenzhenShenshanSpecialCooperationZoneGuomaoPropertyDevelopmentCo.,Ltd. | 20% |
| ShenzhenHelinhuaConstructionManagementCo.,Ltd. | 20% |
| ShenzhenGuomaoTonglePropertyManagementCo.,Ltd. | 20% |
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | 20% |
| ShenzhenFubaoUrbanResourcesManagementCo.,Ltd. | 20% |
| ShenzhenShenwuElevatorCo.,Ltd. | 20% |
| ShenzhenShenfangPropertyCleaningCo.,Ltd. | 20% |
| ShandongInternationalTradeCenterHotelManagementCo.,Ltd. | 20% |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | 20% |
| ShenzhenJiayuanPropertyManagementCo.,Ltd. | 20% |
| ShenzhenGuomaoShenlvGardeningCo.，Ltd. | 20% |
| BeijingFacilityHomeTechnologyCo.,Ltd. | 20% |
| SubsidiariesregisteredinHongKongarea | 16.50% |
| SubsidiariesregisteredinVietnamarea | 20% |
| Othertaxpayingbodieswithintheconsolidatedscope | 25% |
2.TaxPreference
1.AccordingtotheregulationsofNo.2,PropertyServiceofNo.37,CommercialServiceamongtheencouragingcategoryoftheGuidanceCatalogueofIndustryStructureAdjustment(Y2011),thewesternindustrymetwiththeconditionsshouldbecollectedthecorporateincometaxaccordingto15%ofthetaxrate.ThesubsidiariesoftheGroupChongqingShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.andShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.ChongqingBranchappliedtoabovepolicy.
2.On19December2022,ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.successfullypassedthere-evaluationforitsHigh-techEnterpriseCertificate.ThecompanyhasbeenassignedcertificatenumberGR202244204675,andthecertificateisvalidforthreeyears.Asperthetaxlawsandregulations,thecompanywillbeeligibleforapreferentialenterpriseincometaxrateof15%fortheyear2024.
3.AccordingtotheAnnouncementoftheStateTaxationAdministrationandtheMinistryofFinanceontheImplementationofPreferentialIncomeTaxPoliciesforSmallandMicroEnterprisesandIndividualIndustrialandCommercialEntities(AnnouncementNo.6of2023oftheMinistryofFinanceandtheStateTaxationAdministration)andtheAnnouncementoftheStateTaxationAdministrationandtheMinistryofFinanceonFurtherSupportingSmallandMicroEnterprisesandIndividualIndustrialandCommercialBusinessesthroughRelevantTaxandFeePolicies(AnnouncementNo.12of2023oftheMinistryof
FinanceandtheStateTaxationAdministration),forsmallandmicroenterprises,thetaxableincomeshallbecalculatedatarateof25%andtheenterpriseincometaxshallbepaidatarateof20%;Taxonnaturalresources(excludingtaxonwaterresources),urbanmaintenanceandconstructiontax,realestatetax,urbanlandusetax,stamptax(excludingstamptaxonsecuritiestransactions),agriculturelandtax,educationalsurchargeandlocaleducationsurchargeonsmall-scaleVATtaxpayers,small-sizedlow-profitenterprisesandindividualindustrialandcommercialhouseholdsaredeductedbyhalffrom1January2023to31December2027.Thispolicyappliesto27subsidiaries,includingShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.andShenzhenGuomaoChuntianCommercialManagementCo.,Ltd.
3.Other
[Note1]:TaxableitemsandtaxrateoftheVAToftheCompanyanditssubsidiariesareasfollows:
| Typeoftherevenue | Generalrate | Percentagechargesof |
| Salesofhouseproperty | 9% | 5% |
| Rentofrealestate | 9% | 5% |
| Propertyservice | 6% | 3% |
| Cateringservice | 6% | 3% |
| Others | 13% | -- |
VII.NotestoMainItemsofConsolidatedFinancialStatements
1.MonetaryAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Cashonhand | 55,534.25 | 75,265.01 |
| Bankdeposits | 1,879,237,005.06 | 2,742,094,318.81 |
| Othermonetaryfunds | 6,553,992.38 | 6,628,892.90 |
| Total | 1,885,846,531.69 | 2,748,798,476.72 |
| Ofwhich:totalamountdepositedoverseas | 63,351,184.07 | 62,161,463.84 |
Othernotes:
Attheendoftheperiod,theamountofrestrictioninusebyguaranteed,pledgedorfrozenisRMB18,366,170.50,mainlyincludingthemarginandinterestofRMB3,337,257.40;thefundswithlimiteduserightsinbankdepositsmainlyincludethebankfrozenfundsofRMB3,147,574.47andtheinterestontimedepositsofRMB11,881,338.63.Theaboveamountisnotregardedascashandcashequivalentsduetorestrictionsonuse.ThefundsdepositedoverseasaremainlythebalanceofmonetaryassetsoftheoverseassubsidiariesShumYipPropertiesDevelopmentLimitedandVietnamShenguomaoPropertyManagementCo.,Ltd.
2.TradingFinancialAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ofwhich: | ||
| Ofwhich: |
Othernotes
3.DerivativeFinancialAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
4.NotesReceivable
(1)NotesReceivableListedbyCategory
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(2)DisclosurebyWithdrawalMethodsforBadDebts
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Ofwhich: | ||||||||||
| Ofwhich: | ||||||||||
Ifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofnotesreceivable:
□Applicable?Notapplicable
(3)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriodWithdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
□Applicable?Notapplicable
(4)NotesReceivablePledgedbytheCompanyatthePeriod-end
Unit:RMB
| Item | Endingpledgedamount |
(5)NotesReceivableWhichHadEndorsedbytheCompanyorhadDiscountedandhadnotDueontheBalanceSheetDateatthePeriod-end
Unit:RMB
| Item | Amountofrecognitionterminationattheperiod-end | Amountofnotterminatedrecognitionattheperiod-end |
(6)NotesReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhich,verificationofsignificantnotesreceivable:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notesoftheverificationofnotesreceivable
5.AccountsReceivable
(1)DisclosurebyAging
Unit:RMB
| Aging | Endingcarryingamount | Beginningcarryingamount |
| Withinoneyear(including1year) | 362,644,889.80 | 425,235,829.74 |
| Onetotwoyears | 177,295,682.88 | 83,584,196.31 |
| Twotothreeyears | 14,631,387.34 | 19,037,312.67 |
| Morethanthreeyears | 133,139,168.37 | 127,356,876.62 |
| Threetofouryears | 10,907,385.79 | 10,334,088.28 |
| Fourtofiveyears | 8,002,297.72 | 4,135,080.24 |
| Over5years | 114,229,484.86 | 112,887,708.10 |
| Total | 687,711,128.39 | 655,214,215.34 |
(2)DisclosurebyWithdrawalMethodsforBadDebts
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| AccountsreceivablewithdrawalofBaddebtprovisionseparatelyaccrued | 116,440,359.76 | 16.93% | 112,831,779.74 | 96.90% | 3,608,580.02 | 115,895,721.46 | 17.69% | 113,235,195.18 | 97.70% | 2,660,526.28 |
| Ofwhich: | ||||||||||
| Accountsreceivablewithdrawalofbaddebtprovisionofbygroup | 571,270,768.63 | 83.07% | 49,530,105.12 | 8.67% | 521,740,663.51 | 539,318,493.88 | 82.31% | 39,172,566.28 | 7.26% | 500,145,927.60 |
| Ofwhich: | ||||||||||
| Total | 687,711,128.39 | 100.00% | 162,361,884.86 | 23.61% | 525,349,243.53 | 655,214,215.34 | 100.00% | 152,407,761.46 | 23.26% | 502,806,453.88 |
Thecategorynameofbaddebtprovisionseparatelyaccrued:Accountsreceivablewithbaddebtprovisionseparatelyaccrued
Unit:RMB
| Name | Beginningbalance | Endingbalance | ||||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93,811,328.05 | 93,811,328.05 | 93,811,328.05 | 100.00% | Involvedinlawsuitandunrecoverable |
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2,836,561.00 | 2,836,561.00 | 2,836,561.00 | 100.00% | Expectedtobeunrecoverable |
| LunanIndustryCorporation | 2,818,284.84 | 2,818,284.84 | 2,818,284.84 | 2,818,284.84 | 100.00% | Expectedtobeunrecoverable |
| ShenzhenHampooScience&TechnologyCo.,Ltd. | 1,436,020.29 | 1,433,070.29 | 1,436,020.29 | 1,433,070.29 | 99.79% | Expectedtobeunrecoverable |
| Thosewithinsignificantsingleamountforwhichbaddebtprovisionseparatelyaccrued | 14,993,527.28 | 12,335,951.00 | 15,538,165.58 | 11,932,535.56 | 76.80% | Uncollectibleforalongperiod |
| Total | 115,895,721.46 | 113,235,195.18 | 116,440,359.76 | 112,831,779.74 |
Categorynameofwithdrawalofbaddebtprovisionbygroup:Accountsreceivablewithbaddebtprovisionwithdrawnbytheportfolioofcreditriskfeatures
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Portfolioofcreditriskfeatures | 390,268,293.71 | 41,251,764.89 | 10.57% |
| Portfoliooftransactionswithotherrelatedparties | 159,623,594.64 | 8,278,340.23 | 5.19% |
| Governmentportfolio | 21,378,880.28 | 0.00% | |
| Total | 571,270,768.63 | 49,530,105.12 | |
Notestothedeterminationbasisforthegroup:
Ifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable:
□Applicable?Notapplicable
(3)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
WithdrawalofbaddebtprovisionintheCurrentPeriod:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
| Baddebtprovisionseparatelyaccrued | 113,235,195.18 | 13,627.18 | 417,042.62 | 112,831,779.74 | ||
| Withdrawalofbaddebtprovisionbygroup | 39,172,566.28 | 10,357,538.84 | 49,530,105.12 | |||
| Total | 152,407,761.46 | 10,371,166.02 | 417,042.62 | 162,361,884.86 | ||
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionof |
(4)AccountsReceivableWritten-offinCurrentPeriod
Unit:RMB
baddebtprovisionItem
| Item | Written-offamount |
Ofwhichtheverificationofsignificantaccountsreceivable:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverificationofaccountsreceivable:
(5)Top5oftheEndingBalanceoftheAccountsReceivableandtheContractAssetsCollectedaccordingtoArrearsParty
Unit:RMB
| Nameoftheentity | Endingbalanceofaccountsreceivable | Endingbalanceofcontractassets | Endingbalanceofaccountsreceivableandcontractassets | Proportiontototalendingbalanceofaccountsreceivableandcontractassets | Endingbalanceofbaddebtprovisionofaccountsreceivableandimpairmentprovisionforcontractassets |
| ShenzhenFutianTalentAnjuCo.,Ltd. | 109,392,112.37 | 109,392,112.37 | 15.89% | 10,939,211.24 | |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93,811,328.05 | 13.63% | 93,811,328.05 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 77,173,432.43 | 77,173,432.43 | 11.21% | 7,568,725.60 | |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 26,922,560.60 | 396,484.75 | 27,319,045.35 | 3.97% | 807,676.81 |
| ShenzhenFutianDistrictGovernmentPropertyManagementCentre | 21,378,880.28 | 21,378,880.28 | 3.11% | ||
| Total | 328,678,313.73 | 396,484.75 | 329,074,798.48 | 47.81% | 113,126,941.70 |
6.ContractAssets
(1)ListofContractAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |
| Municipalengineeringretentionmoney | 724,882.35 | 724,882.35 | 844,485.57 | 844,485.57 | ||
| Total | 724,882.35 | 724,882.35 | 844,485.57 | 844,485.57 |
(2)SignificantchangesintheamountofcarryingvalueandthereasonintheReportingPeriod
Unit:RMB
| Item | Changeinamount | Reason(s) |
(3)DisclosurebyWithdrawalMethodsforBadDebts
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Ofwhich: | ||||||||||
| Ofwhich: | ||||||||||
Withdrawalofbaddebtprovisionbyadoptingthegeneralmodeofexpectedcreditloss
□Applicable?Notapplicable
(4)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Unit:RMB
| Item | Withdrawalofthecurrentperiod | ReversalorrecoveryintheReportingPeriod | Write-off/verifiedforthecurrentperiod | Reason |
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionofbaddebtprovision |
Othernotes:
(5)ContractAssetsWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantcontractassets
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverificationofcontractassets:
Othernotes:
7.AccountsReceivableFinancing
(1)AccountsReceivableFinancingListedbyCategory
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(2)DisclosurebyWithdrawalMethodsforBadDebts
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Ofwhich: | ||||||||||
| Ofwhich: | ||||||||||
Withdrawalofbaddebtprovisionbyadoptingthegeneralmodeofexpectedcreditloss
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2024inthecurrentperiod |
ThebasisforthedivisionofeachstageandthewithdrawalproportionofbaddebtprovisionNotestosignificantchangesinthecarryingamountofaccountsreceivablefinancingwithamountchangedoflossprovisioninthecurrentperiod:
(3)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Charged-off/Written-off | Otherchanges | |||
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionofbaddebtprovision |
Othernotes:
(4)AccountsReceivableFinancingPledgedbytheCompanyatthePeriod-end
Unit:RMB
| Item | Endingpledgedamount |
(5)AccountsReceivableFinancingWhichHadEndorsedbytheCompanyorhadDiscountedandhadnotDueontheBalanceSheetDateatthePeriod-end
Unit:RMB
| Item | Amountofrecognitionterminationattheperiod-end | Amountofnotterminatedrecognitionattheperiod-end |
(6)AccountsReceivableFinancingwithActualVerificationfortheCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantaccountsreceivablefinancing
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverification:
(7)ThechangesofaccountsreceivablefinancingintheCurrentPeriodandthechangesinfairvalue
(8)OtherNotes
8.OtherReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Interestreceivable | 0.00 | 0.00 |
| Dividendreceivable | 0.00 | 0.00 |
| Otherreceivables | 606,627,612.52 | 624,394,372.82 |
| Total | 606,627,612.52 | 624,394,372.82 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
2)SignificantOverdueInterest
Unit:RMB
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentanditsjudgmentbasis |
Othernotes:
3)DisclosurebyWithdrawalMethodsforBadDebts
□Applicable?Notapplicable
4)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Charged-off/Written-off | Otherchanges | |||
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionofbaddebtprovision |
Othernotes:
5)InterestReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantinterestreceivable:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverification:
Othernotes:
(2)DividendReceivable
1)CategoryofDividendReceivable
Unit:RMB
| Project(orinvestee) | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
2)SignificantDividendsReceivableAgingover1Year
Unit:RMB
| Project(orinvestee) | Endingbalance | Aging | Reason | Whetheroccurredimpairmentanditsjudgmentbasis |
3)DisclosurebyWithdrawalMethodsforBadDebts
□Applicable?Notapplicable
4)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Charged-off/Written-off | Otherchanges | |||
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionofbaddebtprovision |
Othernotes:
5)DividendsReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantdividendsreceivable:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverification:
Othernotes:
(3)OtherReceivables
1)CategoryofOtherReceivablesbyAccountNature
Unit:RMB
| Nature | Endingcarryingamount | Beginningcarryingamount |
| Securitydeposit | 4,721,408.62 | 9,813,980.43 |
| Margin | 40,036,255.10 | 45,417,519.59 |
| Reservefund | 577,754.36 | 63,090.95 |
| Paymentonbehalf | 3,188,563.34 | 2,826,478.51 |
| Intercoursefunds | 600,560,898.20 | 597,882,606.95 |
| Others | 60,615,891.80 | 63,021,059.95 |
| Total | 709,700,771.42 | 719,024,736.38 |
2)DisclosurebyAging
Unit:RMB
| Aging | Endingcarryingamount | Beginningcarryingamount |
| Withinoneyear(including1year) | 7,607,457.17 | 39,565,801.00 |
| Onetotwoyears | 26,259,438.44 | 11,760,542.45 |
| Twotothreeyears | 47,399,167.36 | 571,247,946.92 |
| Morethanthreeyears | 628,434,708.45 | 96,450,446.01 |
| Threetofouryears | 534,058,256.56 | 31,254,533.77 |
| Fourtofiveyears | 31,301,783.20 | 1,068,702.68 |
| Over5years | 63,074,668.69 | 64,127,209.56 |
| Total | 709,700,771.42 | 719,024,736.38 |
3)DisclosurebyWithdrawalMethodsforBadDebts
?Applicable□Notapplicable
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Baddebtprovisionseparatelyaccrued | 627,911,249.06 | 88.48% | 47,446,603.24 | 7.56% | 580,464,645.82 | 627,054,431.42 | 87.21% | 47,169,474.26 | 7.52% | 579,884,957.16 |
| Ofwhich: | ||||||||||
| Withdrawal | 81,789,522.36 | 11.52% | 55,626,555.66 | 68.01% | 26,162,966.70 | 91,970,304.96 | 12.79% | 47,460,889.30 | 51.60% | 44,509,415.66 |
| ofbaddebtprovisionbygroup | ||||||||||
| Ofwhich: | ||||||||||
| Total | 709,700,771.42 | 100.00% | 103,073,158.90 | 14.52% | 606,627,612.52 | 719,024,736.38 | 100.00% | 94,630,363.56 | 13.16% | 624,394,372.82 |
Categorynameofbaddebtprovisionseparatelyaccrued:Otherreceivablesofbaddebtprovisionseparatelyaccrued
Unit:RMB
| Name | Beginningbalance | Endingbalance | ||||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
| ShenzhenXinhaiHoldingCo.,Ltd.andtherelatedpartyShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.,ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | 587,289,550.00 | 17,618,686.51 | 587,289,550.00 | 17,618,686.51 | 3.00% | Prudentjudgmentofrecoveryrisk |
| ShenzhenTianjunIndustrialCo.,Ltd. | 10,000,000.00 | 10,000,000.00 | ||||
| ShanghaiYutongRealEstateCo.,Ltd. | 5,676,000.00 | 5,676,000.00 | 5,676,000.00 | 5,676,000.00 | 0.00% | Uncollectibleforalongperiod |
| HongKongYueHengDevelopmentCo.,Ltd. | 3,271,837.78 | 3,271,837.78 | 3,271,837.78 | 3,271,837.78 | 100.00% | Uncollectibleforalongperiod |
| DameishaTourismCentre | 2,576,445.69 | 2,576,445.69 | 2,576,445.69 | 2,576,445.69 | 100.00% | Uncollectibleforalongperiod |
| Elevatedtrainproject | 2,542,332.43 | 2,542,332.43 | 2,542,332.43 | 2,542,332.43 | 100.00% | Uncollectibleforalongperiod |
| Thosewithinsignificantsingleamountforwhichbaddebtprovisionseparatelyaccrued | 15,698,265.52 | 15,484,171.85 | 16,555,083.16 | 15,761,300.83 | 95.21% | Uncollectibleforalongperiod |
| Total | 627,054,431.42 | 47,169,474.26 | 627,911,249.06 | 47,446,603.24 | ||
Categorynameofwithdrawalofbaddebtprovisionbygroup:Otherreceivableswithwithdrawalofbaddebtprovisionbytheportfolioofcreditriskfeatures
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Withinoneyear | 12,623,222.01 | 378,696.66 | 3.00% |
| 1-2years | 3,930,313.63 | 393,031.36 | 10.00% |
| 2-3years | 4,423,707.41 | 1,327,112.22 | 30.00% |
| 3-4years | 2,078,438.67 | 1,039,219.34 | 50.00% |
| 4-5years | 31,226,722.79 | 24,981,378.23 | 80.00% |
| Over5years | 27,507,117.85 | 27,507,117.85 | 100.00% |
| Total | 81,789,522.36 | 55,626,555.66 |
Notestothedeterminationbasisforthegroup:
Withdrawalofbaddebtprovisionbyadoptingthegeneralmodeofexpectedcreditloss:
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2024 | 47,460,889.30 | 17,297,069.24 | 29,872,405.02 | 94,630,363.56 |
| Balanceof1January2024inthecurrentperiod | ||||
| Withdrawalofthecurrentperiod | 8,169,009.71 | 277,128.98 | 8,446,138.69 | |
| Amounttransferred-backforthecurrentperiod | 3,343.35 | 3,343.35 | ||
| Balanceof30June2024 | 55,626,555.66 | 17,297,069.24 | 30,149,534.00 | 103,073,158.90 |
ThebasisforthedivisionofeachstageandthewithdrawalproportionofbaddebtprovisionChangesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?Notapplicable
4)BadDebtProvisionWithdrawn,ReversedorRecoveredintheCurrentPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Charged-off/Written-off | Others | |||
| Baddebtprovisionseparatelyaccrued | 47,169,474.26 | 277,128.98 | 47,446,603.24 | |||
| Withdrawalofbaddebtprovisionbygroup | 47,460,889.30 | 8,169,009.71 | 3,343.35 | 55,626,555.66 | ||
| Total | 94,630,363.56 | 8,446,138.69 | 3,343.35 | 103,073,158.90 | ||
Ofwhichthebaddebtprovisionrecoveredortransferred-backwithsignificantamountduringthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionofbaddebtprovision |
5)ParticularsoftheActualVerificationofOtherReceivablesduringtheCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantotherreceivables:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestotheverificationofotherreceivables:
6)Top5oftheEndingBalanceofOtherReceivablesCollectedaccordingtotheArrearsParty
Unit:RMB
| Nameoftheentity | Nature | Endingbalance | Aging | Proportiontototalendingbalanceofotherreceivables% | Endingbalanceofbaddebtprovision |
| ShenzhenXinhaiHoldingCo.,Ltd.andtherelatedpartyShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | Intercoursefunds | 576,568,974.73 | Betweentwoyearandfiveyears | 81.24% | 17,297,069.25 |
| ShenzhenBanglingStockCooperativeCompany | Intercoursefunds | 30,000,000.00 | Betweenfouryearandfiveyears | 4.23% | 24,000,000.00 |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | Intercoursefunds | 10,720,575.27 | Betweentwoyearandthreeyears | 1.51% | 321,617.26 |
| ChongqingYudiAssetManagementCo.,Ltd. | Deposits | 2,173,485.00 | Betweentwoyearandthreeyears | 0.31% | 217,348.50 |
| Total | 619,463,035.00 | 87.29% | 41,836,035.01 |
7)PresentationinOtherReceivablesduetotheCentralizedManagementofFunds
Unit:RMBOthernotes:
9.Prepayment
(1)PrepaymentListedbyAgingAnalysis
Unit:RMB
| Aging | Endingbalance | Beginningbalance | ||
| Amount | Proportion | Amount | Proportion | |
| Within1year | 12,178,056.95 | 96.25% | 11,077,693.87 | 92.44% |
| Onetotwoyears | 48,650.94 | 0.38% | 388,465.12 | 3.24% |
| Twotothreeyears | 32,305.74 | 0.26% | 304,932.40 | 2.54% |
| Morethanthreeyears | 393,770.37 | 3.11% | 211,994.96 | 1.77% |
| Total | 12,652,784.00 | 11,983,086.35 | ||
Notesofthereasonsoftheprepaymentagingover1yearwithsignificantamountbutfailedsettledintime:
(2)Top5PrepaymentinEndingBalanceCollectedaccordingtothePrepaymentTarget
| Nameoftheentity | Carryingbalance | Proportiontototalendingbalanceofprepayments(%) |
| YangzhouBroadcastingTelevisionNetworkCo.,Ltd. | 2,324,249.50 | 18.37% |
| Nameoftheentity | Carryingbalance | Proportiontototalendingbalanceofprepayments(%) |
| ChongqingYudiAssetsManagementCo.,Ltd. | 1,897,674.49 | 15.00% |
| ChinaConstructionNo.3BureauNo.2ConstructionEngineeringCo.,Ltd. | 1,240,151.46 | 9.80% |
| BaodingBoyuanElectricManufacturingCo.,Ltd. | 1,228,578.21 | 9.71% |
| BeijingJingdongCenturyInformationTechnologyCo.,Ltd. | 582,931.40 | 4.61% |
| Total | 7,273,585.06 | 57.49% |
-
Othernotes:
10.InventoriesWhethertheCompanyneedstocomplywiththedisclosurerequirementsfortherealestateindustryYes
(1)CategoryofInventory
TheCompanyshallcomplywiththedisclosurerequirementsforthe“realestateindustry”intheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Classificationbynature:
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Depreciationreservesofinventoriesorimpairmentprovisionforcontractperformancecosts | Carryingvalue | Carryingamount | Depreciationreservesofinventoriesorimpairmentprovisionforcontractperformancecosts | Carryingvalue | |
| R&Dexpenses | 11,661,449,735.78 | 218,824,035.97 | 11,442,625,699.81 | 11,174,583,667.43 | 218,824,035.97 | 10,955,759,631.46 |
| Developingproperties | 140,690,499.71 | 140,690,499.71 | 141,176,477.91 | 141,176,477.91 | ||
| Rawmaterials | 1,462,839.25 | 921,081.69 | 541,757.56 | 1,533,601.80 | 915,223.04 | 618,378.76 |
| Inventorygoods | 2,558,198.25 | 2,094,300.39 | 463,897.86 | 2,564,024.46 | 2,094,300.39 | 469,724.07 |
| Low-valueconsumables | 381,343.82 | 381,343.82 | 184,883.54 | 184,883.54 | ||
| Total | 11,806,542,616.81 | 221,839,418.05 | 11,584,703,198.76 | 11,320,042,655.14 | 221,833,559.40 | 11,098,209,095.74 |
Disclosemainitemsof“R&Dexpenses”andinterestcapitalizationinthefollowingformat:
Unit:RMB
| Projectname | Timeforcommencement | Estimateddateofcompletion | Estimatedtotalinvestment | Beginningbalance | Transferredtodevelopingpropertiesforthecurrentperiod | Otherdecreasedamountforthecurrentperiod | Increase(R&Dexpenses)forthecurrentperiod | Endingbalance | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsforthecurrentperiod | Capitalresources |
| LanhuShidaiproject | 15October2020 | 30November2026 | 8,400,000,000.00 | 5,222,124,208.85 | 352,077,026.96 | 5,574,201,235.81 | 416,738,599.23 | 59,248,896.84 | Bankloans | ||
| HumenSea | 22March2022 | 31 | 3,217,590,000.00 | 2,559,648,387.51 | 18,426,349.42 | 2,578,074,736.93 | 16,916,872.65 | 7,315,887.35 | Bank |
| Bayproject | December2025 | loans | ||||||||
| GuangmingYutangShangfuproject | 7March2022 | 21October2024 | 2,658,680,000.00 | 1,995,222,707.56 | 57,972,664.55 | 2,053,195,372.11 | 7,621,637.67 | 3,811,491.26 | Bankloans | |
| LandofHongqiTown,Haikou | 6,648,404.13 | 6,648,404.13 | Others | |||||||
| ShenhuiGarden | 37,287,764.54 | 8,837.12 | 37,296,601.66 | Others | ||||||
| Fuyuantaiproject | 16,102,390.14 | 1,651,028.57 | 17,753,418.71 | Others | ||||||
| ShenyangDigitalTownproject | 6March2023 | 30April2027 | 2,529,110,000.00 | 1,295,653,963.00 | 54,787,780.33 | 1,350,441,743.33 | 3,964,642.78 | 3,503,687.78 | Bankloans | |
| Others | 41,895,841.70 | 1,942,381.40 | 43,838,223.10 | Others | ||||||
| Total | -- | -- | 16,805,380,000.00 | 11,174,583,667.43 | 486,866,068.35 | 11,661,449,735.78 | 445,241,752.33 | 73,879,963.23 | -- |
Disclosemainitemsof“Developingproperties”inthefollowingformat:
Unit:RMB
| Projectname | Timeofcompletion | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsforthecurrentperiod |
| SZPRD-LangqiaoInternational | 1December2012 | 3,447,316.75 | 3,447,316.75 | 83,077,702.96 | |||
| SZPRD-HupanYujingPhaseI | 1June2015 | 30,141,708.92 | 91,874.94 | 30,049,833.98 | |||
| SZPRD-BanshanYujingPhaseII | 12January2022 | 3,536,989.41 | 57,501.95 | 3,479,487.46 | 10,446,911.43 | ||
| SZPRD-SonghuLangyuan | 1July2017 | 23,046,940.03 | 305,308.44 | 22,741,631.59 | 27,205,315.95 | ||
| SZPRD-HupanYujingPhaseII | 1November2017 | 30,279,330.78 | 31,292.87 | 30,248,037.91 | 30,539,392.65 | ||
| SZPRD-GoldenCollar’sResort | 1December2019 | 36,946,480.83 | 36,946,480.83 | ||||
| SZPRD-FuchangGardenPhaseII(FuhuiHuayuan) | 15May2023 | 4,951,526.83 | 4,951,526.83 | ||||
| InternationalTradeCenterPlaza | 1December1995 | 4,839,083.10 | 4,839,083.10 | 26,385,636.29 | |||
| HuangyuyuanAArea | 1June2001 | 790,140.58 | 790,140.58 | ||||
| PodiumBuildingofFuchangBuilding | 1November1999 | 645,532.65 | 645,532.65 | ||||
| Otheritems | 2,551,428.03 | 2,551,428.03 | |||||
| Total | 141,176,477.91 | 485,978.20 | 140,690,499.71 | 177,654,959.28 |
Classificationof“Developingpropertieswiththecollectionofpaymentsininstallments”,“Rentingdevelopingproperties”and“TemporaryHousing”:
Unit:RMB
| Projectname | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
(2)DataResourcesRecognizedasInventory
Unit:RMB
| Item | Purchaseddataresources | Self-processeddataresources | Dataresourcesacquiredbyothermeans | Total |
(3)FallingPriceReservesofInventoryandImpairmentReservesforContractPerformanceCosts
Disclosureoffallingprovisionwithdrawalofinventoryinthefollowingformat:
Classificationbynature:
Unit:RMB
| Item | Beginningbalance | Increasedamountofthecurrentperiod | Decreasedamountforthecurrentperiod | Endingbalance | Notes | ||
| Withdrawal | Others | Transferred-backorcharged-off | Others | ||||
| R&Dexpenses | 218,824,035.97 | 218,824,035.97 | |||||
| Rawmaterials | 915,223.04 | 5,858.65 | 921,081.69 | ||||
| Inventorygoods | 2,094,300.39 | 2,094,300.39 | |||||
| Total | 221,833,559.40 | 5,858.65 | 221,839,418.05 | ||||
Classificationbynature:
Unit:RMB
| Projectname | Beginningbalance | Increasedamountofthecurrentperiod | Decreasedamountforthecurrentperiod | Endingbalance | Notes | ||
| Withdrawal | Others | Transferred-backorcharged-off | Others | ||||
| LandofHongqiTown,Haikou | 6,648,404.13 | 6,648,404.13 | |||||
| HumenSeaBayproject | 187,141,155.12 | 187,141,155.12 | |||||
| ShenyangDigitalTownproject | 25,034,476.72 | 25,034,476.72 | |||||
| Total | 218,824,035.97 | 218,824,035.97 | |||||
(4)NotestotheEndingBalanceofInventoriesIncludingCapitalizedBorrowingExpense
| Projectname | Period-begin | Currentperiod | Carry-overincurrentperiod | Period-end |
| SZPRD-GoldenCollar’sResort | 264,266.89 | 264,266.89 | ||
| LanhuShidaiproject | 357,489,702.39 | 59,248,896.84 | 416,738,599.23 | |
| SZPRD-LangqiaoInternational | 2,971,986.54 | 2,971,986.54 | ||
| SZPRD-HupanYujingPhaseI | 1,249,515.42 | 10,968.29 | 1,238,547.13 | |
| HumenSeaBayproject | 9,600,985.30 | 7,315,887.35 | 16,916,872.65 |
| GuangmingYutangShangfuproject | 3,810,146.41 | 3,811,491.26 | 7,621,637.67 | |
| ShenyangDigitalTownproject | 460,955.00 | 3,503,687.78 | 3,964,642.78 | |
| Total | 375,847,557.95 | 73,879,963.23 | 10,968.29 | 449,716,552.89 |
(5)InventoryRestrictions
Disclosingrestrictedinventorybyproject:
Unit:RMB
| Projectname | Beginningbalance | Endingbalance | Reasonforrestriction |
11.Held-for-saleAssets
Unit:RMB
| Item | Endingcarryingamount | Impairmentprovision | Endingcarryingamount | Fairvalue | Estimateddisposalexpense | Estimateddisposaltime |
Othernotes:
12.CurrentPortionofNon-currentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(1)InvestmentsinDebtObligationsDuewithinOneYear
□Applicable?Notapplicable
(2)OtherInvestmentsinDebtObligationsDuewithinOneYear
□Applicable?Notapplicable
13.OtherCurrentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| PrepaidVAT | 28,437,951.59 | 22,096,062.08 |
| Deductedinputtax | 129,794,168.60 | 97,304,885.00 |
| Prepaidincometax | 9,151,196.72 | 4,608,593.92 |
| PrepaidlandVAT | 1,267,494.29 | 862,126.84 |
| Prepaidurbanconstructiontax | 2,251,854.27 | 1,692,524.35 |
| Prepaideducationsurcharge | 1,253,660.84 | 1,208,945.98 |
| ImmediaterebateofreceivablesoftwaresalesVAT | 1,687.34 | 1,687.34 |
| Total | 172,158,013.65 | 127,774,825.51 |
Othernotes:
14.InvestmentsinDebtObligations
(1)ListofInvestmentsinDebtObligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
Changesintheimpairmentprovisionforinvestmentsindebtobligationsduringthecurrentperiod
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
(2)SignificantInvestmentsinDebtObligationsatthePeriod-end
SignificantInvestmentsinDebtObligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Overdueprincipal | Parvalue | Couponrate | Actualinterestrate | Maturitydate | Overdueprincipal | |
(3)StatusofAccruedDepreciationReserves
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2024inthecurrentperiod |
Thebasisforthedivisionofeachstageandthewithdrawalproportionofbaddebtprovision
(4)StatusofInvestmentsinDebtObligationsWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
OfwhichtheverificationofsignificantinvestmentsindebtobligationsNotestoverificationofinvestmentsindebtobligations:
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?NotapplicableOthernotes:
15.OtherInvestmentsinDebtObligations
(1)ListofOtherInvestmentsinDebtObligations
Unit:RMB
| Item | Beginningbalance | Accruedinterest | Interestadjustment | Changeinfairvalueinthereportingperiod | Endingbalance | Cost | Accumulatedchangesinfairvalue | Accumulatedimpairmentprovisionrecognizedinothercomprehensiveincome | Notes |
Changesintheimpairmentprovisionforotherinvestmentsindebtobligationsduringthecurrentperiod
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
(2)SignificantOtherInvestmentsinDebtObligationsatthePeriod-end
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Overdueprincipal | Parvalue | Couponrate | Actualinterestrate | Maturitydate | Overdueprincipal | |
(3)StatusofAccruedDepreciationReserves
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2024inthecurrentperiod |
Thebasisforthedivisionofeachstageandthewithdrawalproportionofbaddebtprovision
(4)StatusofOtherInvestmentsinDebtObligationsWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
OfwhichtheverificationofsignificantotherinvestmentsindebtobligationsNotestoverificationofotherinvestmentsindebtobligations:
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?NotapplicableOthernotes:
16.OtherEquityInstrumentInvestment
Unit:RMB
| Projectname | Beginningbalance | Gainsrecordedinothercomprehensive | Lossesrecordedinothercomprehensive | Accumulativegainsrecordedinothercomprehensive | Accumulativelossesrecordedinother | Dividendincomerecognizedincurrent | Endingbalance | Reasonforassigningtomeasureinfairvalueofwhich |
| incomeinthecurrentperiod | incomeinthecurrentperiod | incomeinthecurrentperiod | comprehensiveincomeinthecurrentperiod | year | changesincludedothercomprehensiveincome | |||
| GintianIndustry(Group)Co.,Ltd. | 636,926.20 | 203,351.55 | 3,039,220.03 | 437,618.97 | ||||
| Total | 636,926.20 | 203,351.55 | 3,039,220.03 | 437,618.97 |
Thereisderecognitioninthecurrentperiod
Unit:RMB
| Projectname | Accumulativegainstransferredinretainedearnings | Accumulativelossestransferredinretainedearnings | Reasonforderecognition |
Non-tradingequityinstrumentinvestmentintheCurrentPerioddisclosedbyitems
Unit:RMB
| Projectname | Dividendincomerecognized | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
| GintianIndustry(Group)Co.,Ltd. | 3,152,737.34 |
Othernotes:
17.Long-termReceivables
(1)ListofLong-termReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance | Intervalofdiscountrate | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | ||
(2)DisclosurebyWithdrawalMethodsforBadDebts
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Ofwhich: | ||||||||||
| Ofwhich: | ||||||||||
Withdrawalofbaddebtprovisionbyadoptingthegeneralmodeofexpectedcreditloss
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2024inthecurrentperiod |
Thebasisforthedivisionofeachstageandthewithdrawalproportionofbaddebtprovision
(3)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Charged-off/Written-off | Others | |||
Ofwhichthebaddebtprovisionrecoveredortransferred-backwithsignificantamountduringthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionofbaddebtprovision |
Othernotes:
(4)StatusofLong-termReceivablesWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantlong-termreceivables:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestotheverificationoflong-termreceivables:
18.Long-termEquityInvestment
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Beginningbalanceofdepreciationreserve | Increase/decreaseforthecurrentperiod | Endingbalance(Carryingvalue) | Endingbalanceofdepreciationreserve | |||||||
| Additionalinvestment | Reducedinvestment | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | Changesofotherequity | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||||
| I.Jointventures | ||||||||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 48,065,818.50 | 933,160.15 | 48,998,978.65 | |||||||||
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | 7,050,937.34 | -606,242.79 | 6,444,694.55 | |||||||||
| Subtotal | 55,116,755.84 | 326,917.36 | 55,443,673.20 | |||||||||
| II.Associatedenterprises | ||||||||||||
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 18,983,614.14 | 18,983,614.14 | 18,983,614.14 | |||||||||
| ShenzhenKangfuHealthProductsCo.,Ltd. | 165,000.00 | 165,000.00 | 165,000.00 | |||||||||
| ShenzhenXinghaoImitationPorcelainCo.,Ltd. | 756,670.68 | 756,670.68 | 756,670.68 | |||
| ShenzhenSocialWelfareCompanyFudaElectronicsFactory | 326,693.24 | 326,693.24 | 326,693.24 | |||
| ShenzhenFulongIndustryDevelopmentCo.,Ltd. | 1,684,350.00 | 1,684,350.00 | 1,684,350.00 | |||
| HaonianhuaHotel | 2,733,570.05 | 2,733,570.05 | 2,733,570.05 | |||
| ShenzhenEducationFundLonghuaInvestment | 500,000.00 | 500,000.00 | 500,000.00 | |||
| ShenzhenKangleSportsClubHuangfaBranch | 540,060.00 | 540,060.00 | 540,060.00 | |||
| DankengVillagePlantsofFumininGuanlanTown,ShenzhenCity | 1,168,973.20 | 1,168,973.20 | 1,168,973.20 | |||
| ShenzhenBullEntertainmentCo.,Ltd. | 500,000.00 | 500,000.00 | 500,000.00 | |||
| ShenzhenLianhuaCaitianPropertyManagementCo.,Ltd. | 1,475,465.91 | 1,475,465.91 | 1,475,465.91 | |||
| ShenzhenYangyuanIndustrialCo.,Ltd. | 1,030,000.00 | 1,030,000.00 | 1,030,000.00 | |||
| JiakaifengCo.,Ltd.Bao’anCompany | 600,000.00 | 600,000.00 | 600,000.00 | |||
| GuiyuanGarage | 350,000.00 | 350,000.00 | 350,000.00 | |||
| ShenzhenWuweibenRoofGreeningCo.,Ltd. | 500,000.00 | 500,000.00 | 500,000.00 | |||
| ShenzhenYuanpingPlasticSteelDoorsCo.,Ltd. | 240,000.00 | 240,000.00 | 240,000.00 | |||
| ShenzhenYoufangPrintingCo.,Ltd. | 100,000.00 | 100,000.00 | 100,000.00 | |||
| ShenzhenLushengIndustrialDevelopmentCo.,Ltd. | 100,000.00 | 100,000.00 | 100,000.00 | |||
| CSCECIntelligentParkingTechnologyCo.,Ltd. | 28,940,994.71 | 85,825.17 | 29,026,819.88 | |||
| Subtotal | 60,695,391.93 | 85,825.17 | 60,781,217.10 | 31,754,397.22 | ||
| Total | 115,812,147.77 | 412,742.53 | 116,224,890.30 | 31,754,397.22 |
Therecoverableamountisdeterminedbasedonthenetamountofthefairvalueminusdisposalcosts
□Applicable?NotapplicableTherecoverableamountisdeterminedbythepresentvalueoftheforecastedfuturecashflow.
□Applicable?NotapplicableThereasonforthediscrepancybetweentheforegoinginformationandtheinformationusedintheimpairmenttestsinprioryearsorexternalinformationThereasonforthediscrepancybetweentheinformationusedintheCompany'simpairmenttestsinprioryearsandtheactualsituationofthoseyearsOthernotes:
19.OtherNon-currentFinancialAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
20.InvestmentProperty
(1)InvestmentPropertyAdoptingtheCostMeasurementMode?Applicable□Notapplicable
Unit:RMB
| Item | Housesandbuildings | Landuseright | Constructioninprogress | Total |
| I.Originalcarryingvalue | ||||
| 1.Beginningbalance | 882,419,576.87 | 14,495,902.20 | 37,192,716.83 | 934,108,195.90 |
| 2.Increasedamountforthecurrentperiod | 5,245,987.27 | 5,245,987.27 | ||
| (1)Outsourcing | ||||
| (2)Transferfrominventory/fixedassets/constructioninprogress | 5,245,987.27 | 5,245,987.27 | ||
| (3)Businesscombinationincrease |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | -127,364.77 | -127,364.77 | ||
| (1)Disposal | ||||
| (2)Othertransfer | ||||
| (3)Exchangeadjustment | -127,364.77 | -127,364.77 | ||
| 4.Endingbalance | 887,792,928.91 | 14,495,902.20 | 37,192,716.83 | 939,481,547.94 |
| II.Accumulativedepreciationandaccumulativeamortization | ||||
| 1.Beginningbalance | 503,887,262.40 | 13,360,585.89 | 30,049,547.14 | 547,297,395.43 |
| 2.Increasedamountforthecurrentperiod | 19,829,178.06 | 2,761,171.10 | 22,590,349.16 | |
| (1)Withdrawaloramortization | 14,845,490.20 | 2,761,171.10 | 17,606,661.30 | |
| (2)Others | 4,983,687.86 | 4,983,687.86 | ||
| 3.Decreasedamountforthecurrentperiod | -120,996.53 | -120,996.53 | ||
| (1)Disposal | ||||
| (2)Othertransfer | ||||
| (3)Exchangeadjustment | -120,996.53 | -120,996.53 | ||
| 4.Endingbalance | 523,837,436.99 | 13,360,585.89 | 32,810,718.24 | 570,008,741.12 |
| III.Depreciationreserves | ||||
| 1.Beginningbalance | ||||
| 2.Increasedamountfor |
| thecurrentperiod |
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
| (2)Othertransfer |
4.Endingbalance
| 4.Endingbalance | ||||
| IV.Carryingvalue | ||||
| 1.Endingcarryingvalue | 363,955,491.92 | 1,135,316.31 | 4,381,998.59 | 369,472,806.82 |
| 2.Beginningcarryingvalue | 378,532,314.47 | 1,135,316.31 | 7,143,169.69 | 386,810,800.47 |
Therecoverableamountisdeterminedbasedonthenetamountofthefairvalueminusdisposalcosts
□Applicable?NotapplicableTherecoverableamountisdeterminedbythepresentvalueoftheforecastedfuturecashflow.
□Applicable?NotapplicableThereasonforthediscrepancybetweentheforegoinginformationandtheinformationusedintheimpairmenttestsinprioryearsorexternalinformationThereasonforthediscrepancybetweentheinformationusedintheCompany'simpairmenttestsinprioryearsandtheactualsituationofthoseyearsOthernotes:
(2)InvestmentPropertyAdoptingtheFairValueMeasurementMode
□Applicable?NotapplicableTheCompanyshallcomplywiththedisclosurerequirementsforthe“realestateindustry”intheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosureInvestmentpropertiesmeasuredinfairvaluebyprojectdisclosure:
Unit:RMB
| Item | Location | Timeofcompletion | Constructionarea(㎡) | LeaseincomeduringthisReportingPeriod | Beginningfairvalue | Endingfairvalue | Rangeoffairvaluechanges | Reasonforfairvaluechangesandreportindex |
WhethertheCompanyhasnewinvestmentpropertiesinconstructionperiodmeasuredinfairvalue
□Yes?NoWhethertheCompanyhasnewinvestmentpropertiesmeasuredinfairvalue
□Yes?No
(3)ProjectsConvertedtoInvestmentPropertiesandMeasuredatFairValue
Unit:RMB
| Item | Accountingitembeforeconversion | Amount | Reasonforconversion | Approvalprocedures | Impactongainandloss | Impactonothercomprehensiveincome |
(4)InvestmentPropertyFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
| 507Unit,BlockNo.6,Maguling | 22,024.31 | Thehouseisusedforpropertymanagement,onceoccupiedbythethirdparty,apropertymanagementcompany,nowhasbeenrecovered,buthasn’thandledthewarrantyet. |
| Meilinland[Note1] | Obtainedafterthesuccessinthelastinstancein2017,relevantcertificationsofpropertyareintheprocedure | |
| Total | 22,024.31 |
Othernotes:
[Note1]:Asat30June2024,theoriginalcarryingvalueofMeilinlandwasRMB3,885,469.40,theaccumulatedaccrueddepreciationwasRMB3,885,469.40,andthecarryingvaluewasRMB0.
21.FixedAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Fixedassets | 58,895,644.84 | 66,436,408.90 |
| Total | 58,895,644.84 | 66,436,408.90 |
(1)ListofFixedAssets
Unit:RMB
| Item | Housesandbuildings | Machineryequipment | Transportationequipment | Decorationofthefixedassets | Otherequipment | Total |
| I.Originalcarryingvalue: | ||||||
| 1.Beginningbalance | 124,427,233.56 | 6,309,068.92 | 19,351,344.14 | 37,737,995.88 | 58,465,847.17 | 246,291,489.67 |
| 2.Increasedamountforthecurrentperiod | 192,521.86 | 371,478.52 | 1,328,605.31 | 1,892,605.69 | ||
| (1)Purchase | 192,521.86 | 371,478.52 | 1,328,605.31 | 1,892,605.69 | ||
| (2)Transferfromconstructioninprogress | ||||||
| (3)Businesscombinationincrease |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | 5,242,087.27 | 892,338.43 | 1,062,773.29 | 7,197,198.99 | ||
| (1)Disposalorscrap | 892,338.43 | 1,062,773.29 | 1,955,111.72 | |||
| (2)Exchangeadjustment | -3,900.00 | -3,900.00 | ||||
| Others | 5,245,987.27 | 5,245,987.27 | ||||
| 4.Endingbalance | 119,185,146.29 | 6,501,590.78 | 18,830,484.23 | 37,737,995.88 | 58,731,679.19 | 240,986,896.37 |
| II.Accumulativedepreciation | ||||||
| 1.Beginningbalance | 95,205,368.96 | 2,973,487.60 | 14,751,415.52 | 26,131,133.38 | 40,717,958.15 | 179,779,363.61 |
| 2.Increasedamountforthecurrentperiod | 1,014,787.25 | 350,993.62 | 756,945.44 | 3,743,298.06 | 3,197,543.77 | 9,063,568.14 |
| (1)Withdrawal | 1,014,787.25 | 350,993.62 | 756,945.44 | 3,743,298.06 | 3,197,543.77 | 9,063,568.14 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | 4,981,094.36 | 850,842.65 | 995,460.37 | 6,827,397.38 | ||
| (1)Disposalorscrap | 850,842.65 | 995,460.37 | 1,846,303.02 | |||
| (2)Exchangeadjustment | -2,593.50 | -2,593.50 | ||||
| Others | 4,983,687.86 | 4,983,687.86 | ||||
| 4.Endingbalance | 91,239,061.85 | 3,324,481.22 | 14,657,518.31 | 29,874,431.44 | 42,920,041.55 | 182,015,534.37 |
| III.Depreciationreserves | ||||||
| 1.Beginningbalance | 75,717.16 | 75,717.16 | ||||
| 2.Increasedamountforthecurrentperiod | ||||||
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposalorscrap |
4.Endingbalance
| 4.Endingbalance | 75,717.16 | 75,717.16 | ||||
| IV.Carryingvalue | ||||||
| 1.Endingcarryingvalue | 27,946,084.44 | 3,177,109.56 | 4,172,965.92 | 7,863,564.44 | 15,735,920.48 | 58,895,644.84 |
| 2.Beginningcarryingvalue | 29,221,864.60 | 3,335,581.32 | 4,599,928.62 | 11,606,862.50 | 17,672,171.86 | 66,436,408.90 |
(2)ListofTemporarilyIdleFixedAssets
Unit:RMB
| Item | Originalcarryingvalue | Accumulateddepreciation | Impairmentprovision | Carryingvalue | Notes |
(3)FixedAssetsLeasedoutbyOperationLease
Unit:RMB
| Item | Endingcarryingamount |
(4)FixedAssetsFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
| Room401,402,SanxiangBusinessBuildingOfficeBuilding | 537,118.28 | Theofficebuildingwillberemovedduetotheprojectadjustmentandahigh-riseofficebuildingwillbeestablishednearbythepresentaddress.Theexistingpropertyshallbereplacedafterthecompletionofthenewofficebuilding.Thus,thecertificationofthepropertyisfailedtotransact. |
Othernotes:
(5)ImpairmentTestofFixedAssets
□Applicable?Notapplicable
(6)ProceedsfromDisposalofFixedAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
22.ConstructioninProgress
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(1)ListofConstructioninProgress
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
(2)ChangesinSignificantConstructioninProgressduringtheCurrentPeriod
Unit:RMB
| Projectname | Budget | Beginningbalance | Increasedamountofthecurrentperiod | Transferredinfixedassets | Otherdecreasedamountforthecurrentperiod | Endingbalance | Proportionofaccumulatedinvestmentinconstructionstobudget | Jobschedule | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsforthecurrentperiod | Capitalizationrateofinterestsforthecurrentperiod | Capitalresources |
(3)ListoftheWithdrawaloftheDepreciationReservesforConstructioninProgress
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | Reasonforwithdrawal |
Othernotes:
(4)ImpairmentTestofConstructioninProgress
□Applicable?Notapplicable
(5)EngineeringMaterials
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
Othernotes:
23.Right-of-useAssets
(1)ListofRight-of-useAssets
Unit:RMB
| Item | Housesandbuildings | Total |
| I.Originalcarryingvalue | ||
| 1.Beginningbalance | 56,060,905.86 | 56,060,905.86 |
| 2.Increasedamountforthecurrentperiod | 2,421,042.42 | 2,421,042.42 |
| (1)NewLeases | 2,421,042.42 | 2,421,042.42 |
| 3.Decreasedamountforthecurrentperiod | 759,438.42 | 759,438.42 |
| (1)TerminatedLeases | 759,438.42 | 759,438.42 |
| 4.Endingbalance | 57,722,509.86 | 57,722,509.86 |
| II.Accumulativedepreciation | ||
| 1.Beginningbalance | 32,544,109.64 | 32,544,109.64 |
| 2.Increasedamountforthecurrentperiod | 5,989,672.69 | 5,989,672.68 |
| (1)Withdrawal | 5,989,672.69 | 5,989,672.68 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | 1,443,739.38 | 1,443,739.38 |
| (1)Disposal | ||
| (2)TerminatedLeases | 1,443,739.38 | 1,443,739.38 |
| 4.Endingbalance | 37,090,042.95 | 37,090,042.94 |
| III.Depreciationreserves | ||
| 1.Beginningbalance | ||
| 2.Increasedamountforthecurrentperiod | ||
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | ||
| IV.Carryingvalue | ||
| 1.Endingcarryingvalue | 20,632,466.91 | 20,632,466.91 |
| 2.Beginningcarryingvalue | 23,516,796.22 | 23,516,796.22 |
(2)ImpairmentTestofRight-of-useAssets
?Applicable?NotapplicableOthernotes:
24.IntangibleAssets
(1)ListofIntangibleAssets
Unit:RMB
| Item | Landuseright | Patentright | Non-patenttechnologies | Softwareuserights | Total |
| I.Originalcarryingvalue | |||||
| 1.Beginningbalance | 3,060,312.13 | 3,060,312.13 | |||
| 2.Increasedamountforthecurrentperiod |
| (1)Purchase |
| (2)InternalR&D |
| (3)Businesscombinationincrease |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 3,060,312.13 | 3,060,312.13 | |
| II.Accumulatedamortization | |||
| 1.Beginningbalance | 2,170,510.99 | 2,170,510.99 | |
| 2.Increasedamountforthecurrentperiod | 143,544.55 | 143,544.55 | |
| (1)Withdrawal | 143,544.55 | 143,544.55 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 2,314,055.54 | 2,314,055.54 | |
| III.Depreciationreserves | |||
| 1.Beginningbalance | |||
| 2.Increasedamountforthecurrentperiod | |||
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | |||
| IV.Carryingvalue | |||
| 1.Endingcarryingvalue | 746,256.59 | 746,256.59 | |
| 2.Beginningcarryingvalue | 889,801.14 | 889,801.14 |
TheproportionofintangibleassetsformedfromtheinternalR&DoftheCompanyatthePeriod-endtotheendingbalanceofintangibleassets
(2)DataResourcesRecognizedasIntangibleAssets
Unit:RMB
| Item | Purchaseddataresources | Self-processeddataresources | Dataresourcesacquiredbyothermeans | Total |
(3)LandUseRightFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
Othernotes:
(4)ImpairmentTestofIntangibleAssets
□Applicable?Notapplicable
25.Goodwill
(1)OriginalCarryingValueofGoodwill
Unit:RMB
| Nameoftheinvestedunitsoreventsgeneratinggoodwill | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | ||
| Formedbybusinesscombination | Disposal | |||||
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | 9,446,847.38 | 9,446,847.38 | ||||
| Total | 9,446,847.38 | 9,446,847.38 | ||||
(2)DepreciationReservesofGoodwill
Unit:RMB
| Nameoftheinvestedunitsoreventsgeneratinggoodwill | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | ||
| Withdrawal | Disposal | |||||
Total
(3)InformationontheAssetsGroupsorCombinationofAssetsGroupswhichGoodwillBelongsto
Total
Name
| Name | Compositionandbasisoftheassetgrouporcombinationofassetgroupstowhichitbelongs | Operatingsegmenttowhichitbelongsandbasis | Whetheritisconsistentwiththatoftheprioryears |
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | Groupsorcombinationsofgroupsofassetsthatarecapableofgeneratingcashflowsindependently,takingintoaccounttheabilitytobenefitfromthesynergiesofthebusinesscombinationandthewayinwhichmanagementmanagesormonitorstheproductionandoperatingactivities. | Propertymanagement,supportingservices | Yes |
Changesintheassetsgrouporcombinationofassetsgroups
| Name | Compositionbeforethechange | Compositionafterthechange | Objectivefactsleadingtothechangeandtheirbasis |
Othernotes:
(4)SpecificMethodofDeterminingtheRecoverableAmount
Therecoverableamountisdeterminedbasedonthenetamountofthefairvalueminusdisposalcosts
□Applicable?NotapplicableTherecoverableamountisdeterminedbythepresentvalueoftheforecastedfuturecashflow.?Applicable□Notapplicable
Unit:RMB
| Item | Carryingvalue | Recoverableamount | Impairmentamount | Numberofyearsoftheforecastperiod | Keyparametersoftheforecastperiod | Keyparametersofthestableperiod | Basisofdeterminingthekeyparametersofthestableperiod |
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | 61,791,091.57 | 62,840,960.59 | 5 | Revenuegrowthrateof1%-8%,discountrateof12.53% | Nogrowth | Determinedbasedonprudence | |
| Total | 61,791,091.57 | 62,840,960.59 |
ThereasonforthediscrepancybetweentheforegoinginformationandtheinformationusedintheimpairmenttestsinprioryearsorexternalinformationThereasonforthediscrepancybetweentheinformationusedintheCompany'simpairmenttestsinprioryearsandtheactualsituationofthoseyears
(5)CompletionofCommitmentstoResultsandCorrespondingGoodwillImpairment
Whengoodwillisformed,thereisacommitmenttotheresultsandthereportingperiodortheperiodprecedingthereportingperiodiswithinthecommitmentperiod?Applicable□Notapplicable
Unit:RMB
| Item | Completionofthecommitmenttoresults | Amountofgoodwillimpairment | ||||||
| Currentperiod | Previousperiod | Currentperiod | Previousperiod | |||||
| Committedresults | Actualresults | Completionrate | Committedresults | Actualresults | Completionrate | |||
Othernotes:
InMay2021,ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd.(hereinafterreferredtoas“WuheCompany”),asubsidiaryoftheCompany,acquired35%oftheequityofShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.(hereinafterreferredtoas“FMC”)throughacquisitionofequityanddirectionalcapitalincrease.PursuanttotheequityacquisitioncooperationframeworkagreemententeredintobetweenWuheCompanyandtheoriginalshareholders,FMCanditsoriginalshareholdersundertookthattheFMC'soperatingrevenuegrowthratioornetprofitfortheyearsfrom2021to2023wouldreachthetargetvalueagreeduponintheagreement,andthatWuheCompanywouldconductanassessmentofitsoperatingperformanceforaperiodofthreeyears.AsattheReportingDate,theperformanceassessmenthasnotyetbeencompleted,andthereforeitisnotpossibletoassessitsfulfillmentforthetimebeing.
26.Long-termPrepaidExpense
Unit:RMB
| Item | Beginningbalance | Increasedamountofthecurrentperiod | Amortizationamountofthecurrentperiod | Otherdecreasedamount | Endingbalance |
| Decorationfee | 21,510,397.88 | 5,192,601.06 | 3,877,212.20 | 22,825,786.74 | |
| Total | 21,510,397.88 | 5,192,601.06 | 3,877,212.20 | 22,825,786.74 |
Othernotes:
27.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
(1)DeferredIncomeTaxAssetsHadNotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Deductibletemporarydifferences | Deferredincometaxassets | Deductibletemporarydifferences | Deferredincometaxassets | |
| Provisionforimpairmentofassets | 112,902,599.61 | 25,176,999.15 | 95,315,243.86 | 21,090,356.76 |
| Internalunrealizedprofit | 437,189,845.32 | 109,297,461.33 | 437,266,319.66 | 109,316,579.92 |
| Deductiblelosses | 687,671,283.11 | 171,384,897.38 | 607,016,948.61 | 151,737,271.44 |
| AccruedlandVAT | 3,910,861,453.17 | 977,715,363.30 | 3,911,198,870.69 | 977,799,717.67 |
| Estimatedprofitcalculatedatpre-salerevenueofpropertyenterprises | 30,828,336.53 | 7,707,084.13 | 32,620,985.74 | 8,155,246.44 |
| Otheraccruedexpenses | 7,740,277.84 | 1,935,069.46 | 7,694,020.20 | 1,923,505.05 |
| LeaseLiabilities | 23,554,354.22 | 5,672,178.94 | 26,502,156.29 | 6,417,709.55 |
| Total | 5,210,748,149.80 | 1,298,889,053.69 | 5,117,614,545.05 | 1,276,440,386.83 |
(2)DeferredIncomeTaxLiabilitiesHadNotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Taxabletemporarydifference | Deferredincometaxliabilities | Taxabletemporarydifference | Deferredincometaxliabilities | |
| Thecarryingvalueoffixedassetswaslargerthanthetaxbasis | 572,662.68 | 143,165.67 | 704,413.18 | 176,103.29 |
| Right-of-useAssets | 20,632,466.91 | 4,472,117.82 | 23,516,796.22 | 5,686,176.41 |
| Total | 21,205,129.59 | 4,615,283.49 | 24,221,209.40 | 5,862,279.70 |
(3)DeferredIncomeTaxAssetsorLiabilitiesHadBeenOff-setListedinNetAmount
Unit:RMB
| Item | Endingoff-setamountofdeferredincometaxassetsandliabilities | Endingbalanceofdeferredincometaxassetsandliabilities | Beginningoff-setamountofdeferredincometaxassetsandliabilities | Beginningbalanceofdeferredincometaxassetsandliabilities |
| Deferredincometaxassets | 1,298,889,053.69 | 1,276,440,386.83 | ||
| Deferredincometaxliabilities | 4,615,283.49 | 5,862,279.70 |
(4)ListofUnrecognizedDeferredIncomeTaxAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Deductibletemporarydifferences | 262,075,625.99 | 261,260,204.35 |
| Deductiblelosses | 134,570,273.53 | 254,378,951.24 |
| Total | 396,645,899.52 | 515,639,155.59 |
(5)DeductibleLossesofUnrecognizedDeferredIncomeTaxAssetswillDueintheFollowingYears
Unit:RMB
| Year | Endingamount | Beginningamount | Notes |
| 2024 | 124,895,242.05 | Thedeductiblelossesof2019 | |
| 2025 | 22,711,013.85 | 22,711,013.85 | Thedeductiblelossesof2020 |
| 2026 | 14,238,807.00 | 14,238,807.00 | Thedeductiblelossesof2021 |
| 2027 | 81,285,680.12 | 81,285,680.12 | Thedeductiblelossesof2022 |
| 2028 | 11,248,208.22 | 11,248,208.22 | Thedeductiblelossesof2023 |
| 2029 | 5,086,564.34 | Thedeductiblelossesof2024 | |
| Total | 134,570,273.53 | 254,378,951.24 |
Othernotes:
28.OtherNon-currentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
| Prepaymentforpurchaseoffixedassets,investmentpropertiesandintangibleassets | 2,147,938.26 | 2,147,938.26 | 870,062.16 | 870,062.16 | ||
| Others[note1] | 2,635,093.77 | 2,635,093.77 | 2,635,093.77 | 2,635,093.77 | ||
| Total | 4,783,032.03 | 4,783,032.03 | 3,505,155.93 | 3,505,155.93 | ||
Othernotes:
[Note1]:Theamountismainlytheregisteredassetofinvestmentproperty,astheassetsrelatetothesubsequentpendingtransferofrelocatedpropertiesfortheshantytownrenovationofChuanbujie,andthetermexceedsoneyear.
29.AssetswithRestrictedOwnershiporRightofUse
Unit:RMB
| Item | Period-end | Period-beginning | ||||||
| Carryingamount | Carryingvalue | Typeofrestriction | Statusofrestriction | Carryingamount | Carryingvalue | Typeofrestriction | Statusofrestriction | |
| Monetarycapital | 18,366,170.50 | 18,366,170.50 | Frozen | Note1-Note8 | 15,659,341.60 | 15,659,341.60 | Frozen | Margin,securitydeposit,interestontimedeposit,andjudiciallyfrozenfunds |
| LanduserightofphaseIIplotforLanhuShidaiproject | 245,938,885.00 | 245,938,885.00 | Mortgaged | Note9 | 381,246,103.00 | 381,246,103.00 | Mortgaged | Note9 |
| LanduserightofDplotforShenyangDigitalTownprojectinYangzhou | 258,390,000.00 | 258,390,000.00 | Mortgaged | Note10 | ||||
| Total | 522,695,055.50 | 522,695,055.50 | 396,905,444.60 | 396,905,444.60 |
Othernotes:
[Note1]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB2,200,000.00asthebanker'sletterofmarginforShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,asubsidiaryoftheCompany.[Note2]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,000,000.00inthesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.blockedbythecourtduetopre-litigationpreservationforcontractdisputes.[Note3]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaloandepositofRMB1,134,757.40providedasmortgageloanguaranteesforcommercialhousingpurchasersandpaidbytheCompanyasarealestatedeveloperaccordingtorealestatebusinesspractices.[Note4]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB11,881,338.63ofinterestontimedepositaccruedattheperiod-end.[Note5]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB129,003.62intheaccountofthesubsidiarycompanyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.Theaccountwasinareceiving-onlystatusbecausethelegalpersonchangeformalitieshadnotbeencompletedbytheperiod-end.[Note6]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasadepositforPOSofRMB1,500.00intheShandongShenguomaoRealEstateManagementCo.,Ltd.[Note7]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasadepositforPOSofRMB1,000.00intheShenzhenShenfubaoPropertyDevelopmentCo.,Ltd,asubsidiaryoftheCompany[Note8]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB18,570.85ofblockedfundinalabourdisputesarbitrationcaseforShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.,asubsidiaryoftheCompany.[Note9]:Withtheneedsofroutinebusinessoperations,theCompanyappliedforaloanfromShenzhenBranchofIndustrialBank,usingthelanduserightofthePhaseIIplotforLanhuShidaiprojectasapledge.Theloantermisfrom17March2023to17March2026,withafloatinginterestrate.[Note10]:Withtheneedsofroutinebusinessoperations,theCompanyappliedforaloanfromYangzhouBranchofAgriculturalBankofChina,usingthelanduserightofDplotforDplotforShenyangDigitalTownprojectinYangzhouasapledge.Theloantermisfrom19January2024to18January2029,withafloatinginterestrate.
30.Short-termBorrowings
(1)CategoryofShort-termBorrowings
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Creditloan | 50,036,250.00 | 230,915,000.00 |
| Total | 50,036,250.00 | 230,915,000.00 |
Notesofthecategoryforshort-termloans:
Thecreditborrowingsattheperiod-endwereusedforthedailyoperationofShenzhenITCTechnologyParkServiceCo.,Ltd.,asubsidiaryoftheCompany,withthedurationfrom1December2023to29November2024.
(2)ListoftheShort-termBorrowingsOverduebutnotReturnedTheamountoftheoverdueunpaidshort-termborrowingsattheperiod-endwasRMB0.00,ofwhichthesignificantoverdueunpaidshort-termborrowingsareasfollows:
Unit:RMB
| Entity | Endingbalance | Interestrate | Overduetime | Overduechargerate |
Othernotes:
31.TradingFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ofwhich: | ||
| Ofwhich: |
Othernotes:
32.DerivativeFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
33.NotesPayable
Unit:RMB
| Category | Endingbalance | Beginningbalance |
ThetotalamountofnotespayablethatareduebutunpaidamountedtoRMBXXXattheendofthecurrentperiod.AndthereasonswhytheyareduebutnotpaidareXXX
34.AccountsPayable
(1)ListofAccountsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Engineeringconstructionexpensepayable | 369,851,850.02 | 540,851,975.20 |
| Estimatedpayables | 45,475,294.04 | 40,980,345.76 |
| Others | 82,320,433.22 | 81,036,738.63 |
| Total | 497,647,577.28 | 662,869,059.59 |
(2)SignificantAccountsPayableAgingoverOneYearorOverdue
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ShenzhenMunicipalBureauofPlanningandLand | 25,000,000.00 | Historicalproblems |
| ChinaConstructionNo.3BureauNo.2 | 19,160,962.25 | Failuretoreachthepaymentdeadlinefor |
| ConstructionEngineeringCo.,Ltd. | projectfunds | |
| ChinaConstructionFourthEngineeringDivisionCorp.,Ltd. | 12,017,672.93 | Unsettled |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | 7,126,060.00 | Unsettled |
| Total | 63,304,695.18 |
Othernotes:
35.OtherPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 12,202,676.04 | 12,202,676.04 |
| Otherpayables | 1,144,188,819.28 | 1,205,100,618.21 |
| Total | 1,156,391,495.32 | 1,217,303,294.25 |
(1)InterestPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
Listofthesignificantoverdueunpaidinterest:
Unit:RMB
| Entity | Overdueamount | Overduereason |
Othernotes:
(2)DividendsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ordinarystockdividends | 12,202,676.04 | 12,202,676.04 |
| Total | 12,202,676.04 | 12,202,676.04 |
Othernotes:includingsignificantdividendspayableunpaidforoveroneyear,theunpaidreasonshallbedisclosed:
| Item | Amountunpaid | Reason |
| ShenzhenGreeningDepartment | 10,869,036.68 | Companyrestructuredwithoutclearingpaymentobject |
| LaborUnionofShenzhenGreeningDepartment | 1,300,000.00 | Companyrestructuredwithoutclearingpaymentobject |
| Others | 33,639.36 | Withoutaccesstoitsaccountandthefinalpaymentisunpaid |
| Total | 12,202,676.04 |
(3)OtherPayables
1)OtherPayablesListedbyNatureofAccount
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Securitydeposit | 315,989,217.03 | 290,979,176.07 |
| Margin | 3,299,152.00 | 11,806,030.93 |
| Collectiononbehalf | 3,736,374.71 | 4,832,329.12 |
| Intercoursefunds | 479,488,991.56 | 611,443,690.41 |
| Accruedexpenses | 180,970,246.34 | 200,129,074.12 |
| Paymentonbehalf | 16,559,540.87 | 17,030,579.72 |
| Others | 144,145,296.77 | 68,879,737.84 |
| Total | 1,144,188,819.28 | 1,205,100,618.21 |
2)SignificantOtherAccountsPayableAgingoverOneYearorOverdue
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| YangzhouLvfaRealEstateCo.,Ltd. | 345,072,717.79 | Intercoursefundswithrelatedpartiesoutsidethecombination |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 42,296,665.14 | Intercoursefundwithoutspecificpaymentterm |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 33,244,913.78 | Unsettled |
| ShenzhenToutiaoTechnologyCo.,Ltd. | 12,340,689.03 | Leasetermnotexpired |
| ShenzhenQianhaiMicroPublicBankCo.,Ltd. | 6,692,021.24 | Leasetermnotexpired |
| Total | 439,647,006.98 |
Othernotes:
36.AdvancesfromCustomers
(1)ListofAdvancesfromCustomers
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Rental | 811,650.90 | 2,265,223.56 |
| Total | 811,650.90 | 2,265,223.56 |
(2)SignificantAdvancesfromCustomersAgingoverOneYearorOverdue
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
Unit:RMB
| Item | Changeinamount | Reason(s) |
Othernotes:
37.ContractLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Housepaymentinadvance | 787,875,832.38 | 747,372,309.30 |
| Propertyfeeinadvance | 19,104,390.99 | 30,554,843.87 |
| Otherpaymentsinadvance | 39,719,430.31 | 42,497,800.25 |
| Total | 846,699,653.68 | 820,424,953.42 |
Significantcontractliabilitiesagingoveroneyear
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
SignificantchangesintheamountofcarryingvalueandthereasonintheReportingPeriod
Unit:RMB
| Item | Changeinamount | Reason(s) |
TheCompanyshallcomplywiththedisclosurerequirementsforthe"realestateindustry"intheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Theproceedsinformationoftopfiveadvancesaleamount:
Unit:RMB
| No. | Item | Beginningbalance | Endingbalance | Estimateddateofcompletion | Advancesaleproportion |
| 1 | GuangmingYutangShangfuproject | 736,148,224.77 | 776,497,316.51 | 21October2024 | 39.01% |
| 2 | SZPRD-GoldenCollar’sResort | 10,551,555.51 | 10,790,525.04 | 25December2019 | 97.41% |
| 3 | SZPRD-HupanYujingPhaseII | 560,458.72 | 514,587.16 | November30,2017 | 96.00% |
| 4 | SZPRD-BanshanYujingPhaseII | 75,373.05 | 55,055.05 | 12January2022 | 100.00% |
| 5 | SZPRD-HupanYujingPhaseI | 36,697.25 | 18,348.62 | 1June2015 | 92.47% |
38.PayrollPayable
(1)ListofPayrollPayable
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| I.Short-termsalary | 217,869,071.67 | 419,362,370.20 | 464,096,024.36 | 173,135,417.51 |
| II.Post-employmentbenefit-definedcontributionplans | 738,881.08 | 40,678,690.53 | 40,503,045.65 | 914,525.96 |
| III.Terminationbenefits | 178,159.03 | 1,450,306.04 | 1,584,694.04 | 43,771.03 |
| Total | 218,786,111.78 | 461,491,366.77 | 506,183,764.05 | 174,093,714.50 |
(2)ListofShort-termSalary
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| 1.Salary,bonus,allowance,subsidy | 203,201,469.12 | 371,375,580.14 | 412,134,743.00 | 162,442,306.26 |
| 2.Employeewelfare | 1,049,437.80 | 990,576.11 | 1,186,953.36 | 853,060.55 |
| 3.Socialinsurance | 16,164.82 | 13,736,141.80 | 13,717,238.75 | 35,067.87 |
| Ofwhich:Medicalinsurancepremiums | 13,883.77 | 11,798,779.75 | 11,783,442.69 | 29,220.83 |
| Work-relatedinjuryinsurancepremiums | 15.96 | 710,822.72 | 710,210.27 | 628.41 |
| Maternityinsurance | 2,265.09 | 1,112,466.34 | 1,109,512.80 | 5,218.63 |
| Othercommercialinsurances | 114,072.99 | 114,072.99 | ||
| 4.Housingfund | 1,165,851.88 | 14,158,924.87 | 14,245,696.14 | 1,079,080.61 |
| 5.Laborunionbudgetandemployeeeducationbudget | 8,492,080.90 | 6,097,893.34 | 6,054,276.57 | 8,535,697.67 |
| 8.Non-monetarybenefits | 3,944,067.15 | 13,003,253.94 | 16,757,116.54 | 190,204.55 |
| Total | 217,869,071.67 | 419,362,370.20 | 464,096,024.36 | 173,135,417.51 |
(3)ListofDefinedContributionPlans
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| 1.Basicpensioninsurance | 21,042.06 | 33,893,015.38 | 33,743,608.30 | 170,449.14 |
| 2.Unemploymentinsurancepremiums | 2,716.40 | 1,860,916.14 | 1,858,184.86 | 5,447.68 |
| 3.Supplementarypensionpayment | 715,122.62 | 4,924,759.01 | 4,901,252.49 | 738,629.14 |
| Total | 738,881.08 | 40,678,690.53 | 40,503,045.65 | 914,525.96 |
Othernotes:
39.TaxesPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| VAT | 11,636,359.37 | 17,768,402.21 |
| Enterpriseincometax | 15,919,074.19 | 91,035,828.65 |
| Personalincometax | 2,555,202.73 | 3,681,965.62 |
| Urbanmaintenanceandconstructiontax | 677,172.31 | 981,394.80 |
| Landappreciationtax | 3,910,861,453.17 | 3,911,198,870.69 |
| Landusetax | 913,024.20 | 180,900.74 |
| Propertytax | 5,638,687.72 | 539,730.69 |
| Educationalsurcharge | 622,439.54 | 644,625.80 |
| Localeducationalfee | 127,882.10 | 322,573.66 |
| Others | 228,280.21 | 603,055.08 |
| Total | 3,949,179,575.54 | 4,026,957,347.94 |
Othernotes:
40.Held-for-saleLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
41.CurrentPortionofNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Currentportionoflong-termborrowings | 3,446,343,806.00 | 3,075,993,789.05 |
| Currentportionoflong-termpayables | 400,000.00 | 400,000.00 |
| Currentportionofleaseliabilities | 10,919,323.19 | 15,931,064.02 |
| Total | 3,457,663,129.19 | 3,092,324,853.07 |
Othernotes:
42.OtherCurrentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Taxtobechargedoff | 71,429,755.09 | 68,373,661.13 |
| Total | 71,429,755.09 | 68,373,661.13 |
Increase/decreaseoftheshort-termbondspayable:
Unit:RMB
| Name | Parvalue | Couponrate | Issuedate | Bondduration | Issueamount | Beginningbalance | Issuedinthecurrentperiod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation | Repaidinthecurrentperiod | Endingbalance | Defaultornot |
Total
Othernotes:
43.Long-termBorrowings
(1)CategoryofLong-termBorrowings
Unit:RMB
Total
Item
| Item | Endingbalance | Beginningbalance |
| Pledgedloans | 153,332,358.00 | 373,646,731.07 |
| Mortgageloans | 1,233,788,225.02 | 625,842,543.40 |
| Creditloan | 400,400,000.00 | |
| Total | 1,387,120,583.02 | 1,399,889,274.47 |
Notetothecategoryoflong-termborrowings:
Thepledgeborrowingsattheperiod-endwereusedtoacquire100%offivepropertymanagemententerprises.TheyareShenzhenPropertyManagementCo.,Ltd.,ShenzhenForeignTradePropertyManagementCo.,Ltd.,ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.andShenzhenFreeTradeZoneSecurity
ServiceCo.,Ltd.bytheCompany'ssubsidiaryShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.withthedurationfrom18May2022to26April2027.Andthe100%equityofthesefiveenterprisesheldbyShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.Themortgageloans(1)attheperiod-endwereusedtodeveloptheGuangmingYutangShangfuprojectofShenzhenGuangmingWuheRealEstateCo.,Ltd.(hereinafterreferredtoas"GuangmingWuhe"),asubsidiaryoftheCompany,withthedurationfrom27July2023to24May2028.ThelanduserightofGuangmingYutangShangfuprojectheldbyGuangmingWuhewaspledged.Themortgageloans(2)attheperiod-endwereusedtodeveloptheHumenSeaBayGardenprojectofDongguanWuheRealEstateCo.,Ltd.(hereinafterreferredtoas"DongguanWuhe"),asubsidiaryoftheCompany,withthedurationfrom5August2022to5August2027.ThelanduserightofHumenSeaBayGardenprojectheldbyDongguanWuhewaspledged.Themortgageloans(3)attheperiod-endwereusedtodeveloptheLanhuShidaiprojectofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.,asubsidiaryoftheCompany(hereinafterreferredtoas"RongyaoRealEstate")withthedurationfrom30March2023to30March2026.ThelanduserightofLanhushidaiprojectheldbyRongyaoRealEstatewaspledgedandtheCompanyprovidedjointandseveralliabilityguarantee.Themortgageloans(4)attheperiod-endwereusedtodeveloptheShenyangDigitalTownprojectofYangzhouWuheRealEstateCo.,Ltd.(hereinafterreferredtoas"YangzhouWuhe"),asubsidiaryoftheCompany,withthedurationfrom19January2024to19January2029.ThelanduserightofDplotforShenyangDigitalTownprojectheldbyYangzhouWuhewaspledged.Othernotes,includinginterestraterange:
44.BondsPayable
(1)BondsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(2)ChangesofBondsPayable(ExcludingOtherFinancialInstrumentsDividedasFinancialLiabilitiessuchasPreferredSharesandPerpetualBonds)
Unit:RMB
| Name | Parvalue | Couponrate | Issuedate | Bondduration | Issueamount | Beginningbalance | Issuedinthecurrentperiod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation | Repaidinthecurrentperiod | Endingbalance | Defaultornot |
Total
(3)NotestoConvertibleCorporateBonds
(4)NotestoOtherFinancialInstrumentsClassifiedasFinancialLiabilitiesBasicinformationaboutotheroutstandingfinancialinstrumentssuchaspreferredsharesandperpetualbondsattheperiod-endChangesofoutstandingfinancialinstrumentssuchaspreferredsharesandperpetualbondsattheperiod-end
Unit:RMB
TotalOutstanding
financialinstruments
| Outstandingfinancialinstruments | Period-beginning | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Period-end | ||||
| Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | |
NotestobasisfortheclassificationofotherfinancialinstrumentsasfinancialliabilitiesOthernotes:
45.LeaseLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Leasepayments | 30,653,828.66 | 34,767,450.58 |
| Less:Unrecognizedfinancingexpense | -7,099,474.44 | -8,265,294.29 |
| Less:Leaseobligationmaturedwithin1Year | -10,919,323.19 | -15,931,064.02 |
| Total | 12,635,031.03 | 10,571,092.27 |
Othernotes:
46.Long-termPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Long-termaccountspayable | 399,899,850.00 | 400,105,655.56 |
| Total | 399,899,850.00 | 400,105,655.56 |
(1)Long-termPayablesListedbyNature
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Saleandleasebackfinancing | 399,899,850.00 | 400,105,655.56 |
Othernotes:
Thelong-termpayablesattheperiod-endwerethesaleandleasebackfinancingbetweentheCompanyandMaxwealthFinancialLeasingCo.,Ltd.withtheleasetermfrom22December2023to22December2027.
(2)SpecificPayables
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | Reasonforformation |
Othernotes:
47.Long-termEmployeeBenefitsPayable
(1)ListofLong-termPayrollPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(2)ChangesinDefinedBenefitPlansObligationpresentvalueofdefinedbenefitplans:
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Planassets:
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Netliabilities(netassets)ofdefinedbenefitplans:
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Notesofinfluenceofcontentofdefinedbenefitplansanditsrelevantriskstothefuturecashflow,timeanduncertaintyoftheCompany:
Notestotheresultsofsignificantactuarialassumptionsandsensitivityanalysisofdefinedbenefitplans:
Othernotes:
48.ProjectedLiabilitiesProvisions
Unit:RMB
| Item | Endingbalance | Beginningbalance | Reasonforformation |
| Pendinglitigation | 650,000.00 | 650,000.00 | LawsuitbetweenFMCandBasepoint |
| Total | 650,000.00 | 650,000.00 |
Othernotes,includingnotestorelatedsignificantassumptionsandevaluationofsignificantprovisions:
RefertoNoteXVI-2fordetails.
49.DeferredIncome
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | Reasonforformation |
Othernotes:
50.OtherNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Utilityspecificfund | 1,457,233.41 | 549,961.59 |
| Housingprinciplefund | 16,426,195.25 | 15,997,716.45 |
| Housewarmingdeposit | 6,732,958.43 | 6,335,914.04 |
| ElectricEquipmentMaintenancefund | 4,019,415.44 | 4,019,415.44 |
| Deputedmaintenancefund | 54,301,138.83 | 52,002,751.04 |
| Follow-upinvestmentofemployeesforLanhuShidaiproject | 40,000,000.00 | 40,000,000.00 |
| Others | 7,805,897.97 | 8,133,466.98 |
| Total | 130,742,839.33 | 127,039,225.54 |
Othernotes:
51.ShareCapital
Unit:RMB
| Beginningbalance | Increase/decrease(+/-) | Endingbalance | |||||
| Newsharesissued | Bonusshares | Bonusissuefromprofit | Others | Subtotal | |||
| Totalshares | 595,979,092.00 | 595,979,092.00 | |||||
Othernotes:
52.OtherEquityInstruments
(1)BasicInformationaboutOtherOutstandingFinancialInstrumentssuchasPreferredSharesandPerpetualBondsatthePeriod-end
(2)ChangesofOutstandingFinancialInstrumentssuchasPreferredSharesandPerpetualBondsatthePeriod-end
Unit:RMB
| Outstandingfinancialinstruments | Period-beginning | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Period-end | ||||
| Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | |
ChangesofotherequityinstrumentsintheCurrentPeriod,reasonsthereofandbasisofrelatedaccountingtreatment:
Othernotes:
53.CapitalReserve
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| Othercapitalreserves | 80,488,045.38 | 80,488,045.38 | ||
| Total | 80,488,045.38 | 80,488,045.38 |
Othernotes,includingadescriptionoftheincreaseordecreaseforthecurrentperiodandthereasonsforthechange:
54.TreasuryShares
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
Othernotes,includingadescriptionoftheincreaseordecreaseforthecurrentperiodandthereasonsforthechange:
55.OtherComprehensiveIncome
Unit:RMB
| Item | Beginningbalance | Amountforthecurrentperiod | Endingbalance | |||||
| Amountbefore | Less:recordedinother | Less:recordedinother | Less:Incometax | Attributabletothe | Attributableminority | |||
| deductingincometaxforthecurrentperiod | comprehensiveincomeinpriorperiodandtransferredinprofitorlossinthecurrentperiod | comprehensiveincomeinpriorperiodandtransferredinretainedearningsinthecurrentperiod | expense | Companyastheparentaftertax | shareholdersaftertax | |||
| I.Othercomprehensiveincomethatmaynotbereclassifiedtoprofitorloss | -3,004,584.80 | -203,351.55 | -203,351.55 | -3,207,936.35 | ||||
| Changesinfairvalueofotherequityinstrumentinvestment\ | -3,004,584.80 | -203,351.55 | -203,351.55 | -3,207,936.35 | ||||
| II.Othercomprehensiveincomethatmaysubsequentlybereclassifiedtoprofitorloss | -347,753.08 | 393,038.16 | 393,038.16 | 45,285.08 | ||||
| Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | -347,753.08 | 393,038.16 | 393,038.16 | 45,285.08 | ||||
| Totalofothercomprehensiveincome | -3,352,337.88 | 189,686.61 | 189,686.61 | -3,162,651.27 |
Othernotes,includingtheadjustmentoftheeffectivegain/lossoncashflowhedgestotheinitialrecognizedamount:
56.SpecificReserve
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
Othernotes,includingadescriptionoftheincreaseordecreaseforthecurrentperiodandthereasonsforthechange:
57.SurplusReserves
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| Statutorysurplusreserves | 115,743,323.95 | 115,743,323.95 | ||
| Discretionalsurplusreserves | 365,403.13 | 365,403.13 | ||
| Total | 116,108,727.08 | 116,108,727.08 |
Notes,includingchangesandreasonofchange:
58.Undistributedprofits
Unit:RMB
| Item | Currentperiod | Previousperiod |
| Beginningbalanceofretainedprofitsbeforeadjustments | 3,872,586,802.17 | 3,691,056,182.73 |
| Beginningbalanceofretainedprofitsafteradjustments | 3,872,586,802.17 | 3,691,056,182.73 |
| Add:NetprofitattributabletoownersoftheCompanyastheparent | 9,212,457.81 | 220,903,444.63 |
| Dividendsofcommonsharespayable | 185,945,476.70 | 215,148,452.21 |
| Others | 1,644,822.69 | |
| Endingretainedprofits | 3,695,853,783.28 | 3,695,166,352.46 |
Listofadjustmentofbeginningretainedprofits:
1)RMBXXXbeginningretainedearningswasaffectedbyretrospectiveadjustmentconductedaccordingtotheAccountingStandardsforBusinessEnterprisesandrelevantnewregulations.
2)RMBXXXbeginningretainedearningswasaffectedbychangesinaccountingpolicies.
3)RMBXXXbeginningretainedearningswasaffectedbycorrectionofsignificantaccountingerrors.
4)RMBbeginningretainedprofitswasaffectedbychangesincombinationscopearisingfromsamecontrol.
5)RMBXXXbeginningretainedearningswasaffectedtotallybyotheradjustments.
59.OperatingRevenueandCostofSales
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Principalbusiness | 847,182,289.87 | 669,091,472.18 | 1,896,876,132.49 | 1,372,159,884.25 |
| Others | 8,846,155.38 | 8,588,500.36 | ||
| Total | 856,028,445.25 | 669,091,472.18 | 1,905,464,632.85 | 1,372,159,884.25 |
Unit:RMBBreakdowninformationofoperatingincomeandoperatingcost:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |||||
| OperatingRevenue | Operatingcost | OperatingRevenue | Operatingcost | OperatingRevenue | Operatingcost | OperatingRevenue | Operatingcost | |
| BusinessType | 856,028,445.25 | 669,091,472.18 | 856,028,445.25 | 669,091,472.18 | ||||
| Ofwhich: | ||||||||
| Realestatebusiness | 13,841,686.40 | 4,621,045.97 | 13,841,686.40 | 4,621,045.97 | ||||
| Propertymanagement | 771,525,962.31 | 621,695,503.76 | 771,525,962.31 | 621,695,503.76 | ||||
| Leasingbusiness | 70,660,796.54 | 42,774,922.45 | 70,660,796.54 | 42,774,922.45 | ||||
| Classificationbyoperatingregion | 856,028,445.25 | 669,091,472.18 | 856,028,445.25 | 669,091,472.18 | ||||
| Ofwhich: | ||||||||
| Shenzhen | 673,395,027.18 | 501,175,078.63 | 673,395,027.18 | 501,175,078.63 | ||||
| Otherregions | 182,633,418.07 | 167,916,393.55 | 182,633,418.07 | 167,916,393.55 | ||||
| Marketorcustomertype | ||||||||
Ofwhich:
Contracttype
| Contracttype |
| Ofwhich: |
Classificationbytimeofcommoditytransfer
| Classificationbytimeofcommoditytransfer |
| Ofwhich: |
Classificationbycontractterm
| Classificationbycontractterm |
| Ofwhich: |
Classificationbysaleschannel
| Classificationbysaleschannel |
| Ofwhich: |
Total
| Total | 856,028,445.25 | 669,091,472.18 | 856,028,445.25 | 669,091,472.18 |
Informationaboutperformanceobligations:
| Item | Timingoffulfilmentofperformanceobligations | Importantpaymentterms | NatureofgoodsthattheCompanyiscommittedtotransfer | Whetherornotthepersonprimarilyresponsible | FundsundertakenbytheCompanyexpectedtobereturnedtocustomers | TypeofqualityassuranceprovidedbytheCompanyandrelatedobligations |
Othernotes:
Informationinrelationtothetransactionpriceapportionedtotheresidualcontractperformanceobligation:
TheamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyetwasRMB846,699,653.68attheperiod-end,amongwhichRMB842,180,769.63wasexpectedtoberecognizedin2024,RMB3,227,444.50wasexpectedtoberecognizedin2025,andRMB1,291,439.55wasexpectedtoberecognizedin2026andsubsequentyears.Informationrelatedtovariableconsiderationincontracts:
Significantcontractchangesorsignificanttransactionpriceadjustments
| Item | Accountingtreatmentmethods | Amountofimpactonrevenue |
Othernotes：
TheCompanyshallcomplywiththedisclosurerequirementsforthe“realestateindustry”intheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosureThetop5accountsreceivedwithconfirmedamountintheReportingPeriod:
Unit:RMB
| No. | Nameofproject | Amountofrevenue |
| 1 | SZPRD-SonghuLangyuan | 872,027.60 |
| 2 | SZPRD-HupanYujingPhaseI | 114,678.90 |
| 3 | SZPRD-BanshanYujingPhaseII | 93,032.11 |
| 4 | SZPRD-HupanYujingPhaseII | 63,192.66 |
60.TaxesandSurtaxes
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Urbanmaintenanceandconstructiontax | 1,651,950.78 | 5,234,580.49 |
| Educationalsurcharge | 713,648.69 | 2,245,496.54 |
| Propertytax | 5,322,524.16 | 5,879,679.55 |
| Landusetax | 1,090,405.70 | 1,017,014.81 |
| Vehicleandvesselusetax | 2,895.00 | 18,361.26 |
| Stampduty | 780,146.57 | 531,098.01 |
| Landappreciationtax | 56,622.55 | 28,694,726.98 |
| Localeducationsurcharge | 472,553.30 | 1,500,541.14 |
| Othertaxes | 356,593.64 | 69,287.25 |
| Total | 10,447,340.39 | 45,190,786.03 |
Othernotes:
61.AdministrativeExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Employeeremuneration | 99,092,492.51 | 109,945,612.07 |
| Administrativeofficecost | 9,498,006.57 | 14,020,387.30 |
| Assetsamortizationanddepreciationexpense | 14,031,069.29 | 13,134,121.00 |
| Litigationcosts | 409,965.82 | 5,611,455.50 |
| Others | 4,346,606.17 | 6,476,608.31 |
| Total | 127,378,140.36 | 149,188,184.18 |
Othernotes:
62.SellingExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Agencyfee | 316,112.28 | 26,078.00 |
| Consultancyandsalesservicecharges | 1,707,775.05 | 2,385,496.26 |
| Advertisingexpenses | 1,236,734.70 | 3,855,726.14 |
| Employeeremuneration | 4,409,450.29 | 4,649,571.85 |
| Others | 1,436,183.55 | 2,170,424.80 |
| Total | 9,106,255.87 | 13,087,297.05 |
Othernotes:
63.DevelopmentExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Employeeremuneration | 1,979,647.19 | 1,466,686.36 |
| Depreciationandamortizationexpense | 15,029.13 | 50,096.06 |
| Others | 248,641.12 | 194,269.02 |
| Total | 2,243,317.44 | 1,711,051.44 |
Othernotes:
64.FinanceCosts
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Financecosts | 34,706,249.66 | 31,827,441.32 |
| Less:Interestincome | -21,522,831.25 | -7,930,755.87 |
| Foreignexchangegainsorlosses | 1,172,780.02 | -523,791.38 |
| Others | 1,730,822.55 | 819,510.87 |
| Total | 16,087,020.98 | 24,192,404.94 |
Othernotes:
65.OtherIncome
Unit:RMB
| Sources | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Governmentgrantsrelatedtoincome | 448,581.63 | 950,093.18 |
| Returnofauxiliaryexpenseforindividualincometaxwithheld | 292,836.52 | 390,379.71 |
| AdditionaldeductionofVAT | -853,475.03 | 2,741,411.22 |
| RebateofVAT | 2,288,567.68 | 738,782.96 |
| Others | 251,694.38 | 849,421.84 |
| Total | 2,428,205.18 | 5,670,088.91 |
66.GainonChangesinFairValue
Unit:RMB
| Sources | Amountforthecurrentperiod | Amountforthepreviousperiod |
Othernotes:
67.InvestmentIncome
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 412,742.53 | 1,857,388.32 |
| Total | 412,742.53 | 1,857,388.32 |
Othernotes:
68.CreditImpairmentLoss
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Baddebtlossofaccountsreceivable | -9,954,123.40 | -7,643,172.27 |
| Baddebtlossofotherreceivables | -8,442,795.34 | -5,967,607.31 |
| Total | -18,396,918.74 | -13,610,779.58 |
Othernotes:
69.AssetImpairmentLoss
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| I.Inventoryfallingpricelossandimpairmentprovisionforcontractperformancecosts | -5,858.65 | 2,045.93 |
| Total | -5,858.65 | 2,045.93 |
Othernotes:
70.AssetDisposalIncome
Unit:RMB
| Sources | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Gainsondisposaloffixedassets | -5,004.74 | 115,810.85 |
| Gainondisposalofright-of-useassets | 31,060.71 | |
| Gainondisposalofotherassets | 58,568.84 | |
| Total | 26,055.97 | 174,379.69 |
71.Non-operatingIncome
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Gainsondamageandscrapofnon-currentassets | 2,763.35 | 5,568.23 | 2,763.35 |
| Confiscatedincome | 236,526.20 | 652,311.27 | 236,526.20 |
| Paymentsunabletoclear | 56,282.77 | ||
| Others | 239,773.65 | -919,060.30 | 239,773.65 |
| Total | 479,063.20 | -204,898.03 | 479,063.20 |
Othernotes:
72.Non-operatingExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Donation | 8,000.00 | 8,000.00 | |
| Lossesfromdamageandscrapofnon-currentassets | 66,426.65 | 17,136.15 | 66,426.65 |
| Penaltyandfinefordelayingpayment | 8,569.51 | 78,886.53 | 8,569.51 |
| Others | 353,388.93 | 261,695.71 | 353,388.93 |
| Total | 436,385.09 | 357,718.39 | 436,385.09 |
Othernotes:
73.IncomeTaxExpense
(1)ListofIncomeTaxExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Currentincometaxexpense | 28,351,519.77 | 48,971,626.96 |
| Deferredincometaxexpense | -23,491,356.80 | 29,847,648.80 |
| Total | 4,860,162.97 | 78,819,275.76 |
(2)AdjustmentProcessofAccountingProfitandIncomeTaxExpense
Unit:RMB
| Item | Amountforthecurrentperiod |
| Totalprofit | 6,181,802.43 |
| Currentincometaxexpenseaccountedatstatutory/applicabletaxrate | 1,545,450.61 |
| Influenceofapplyingdifferenttaxratesbysubsidiaries | -2,123,154.60 |
| Influenceofincometaxbeforeadjustment | 5,510,313.46 |
| Influenceofnon-deductiblecosts,expensesandlosses | 2,894,662.25 |
| Effectsoftheutilizationofdeductiblelossesonwhichdeferredincometaxassetswereunrecognizedinthepriorperiod | -4,442,605.24 |
| Effectofdeductibletemporarydifferencesordeductiblelossesondeferredincometaxassetsnotrecognizedinthecurrentperiod | 1,475,496.49 |
| Incometaxexpense | 4,860,162.97 |
Othernotes:
74.OtherComprehensiveIncomeRefertoNoteVII-55fordetails.
75.CashFlowStatement
(1)CashRelatedtoOperatingActivities
CashGeneratedfromOtherOperatingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Largeintercoursefundsreceived | 40,771,856.66 | 49,072,300.25 |
| Interestincome | 15,961,648.51 | 7,930,755.87 |
| Netmargins,securitydepositandvariousspecialfundsreceived | 40,622,124.09 | 45,287,205.39 |
| Governmentgrantsreceived | 204,133.63 | |
| Othersmallreceivables | 41,894,355.90 | 24,479,612.17 |
| Decreasedlimitedamountforthecurrentperiod | 531,478.29 | |
| Total | 139,985,597.08 | 126,769,873.68 |
Notes:
CashUsedinOtherOperatingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Payingadministrativeexpenseincash | 17,943,244.74 | 30,693,136.34 |
| Payingsellingexpenseincash | 6,849,111.58 | 8,054,091.33 |
| Largeintercoursefundspaid | 31,911,322.77 | |
| Utilityexpenseandvariouscollectingpaymentsonbehalfofothers | 46,949,786.87 | 49,083,846.80 |
| Othersmallpayments | 38,960,461.25 | 34,041,223.54 |
| Amountofnewlylimitedfunds | 5,455,416.01 | |
| Total | 142,613,927.21 | 127,327,714.02 |
Notes:
(2)CashRelatedtoInvestingActivitiesCashGeneratedfromOtherInvestingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Significantcashreceivedrelatedtoinvestingactivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Notes:
CashUsedinOtherInvestingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Significantcashpaidrelatedtoinvestingactivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Notes:
(3)CashRelatedtoFinancingActivities
CashGeneratedfromOtherFinancingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Notes:
CashUsedinOtherFinancingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Paymentforleaseliabilities | 8,054,827.72 | 15,224,062.82 |
| Paymentrelatedtosaleandleaseback | 9,348,850.00 | |
| Othersmallpayments | 1,042,062.82 | |
| Total | 18,445,740.54 | 15,224,062.82 |
Notes:
Changesinliabilitiesarisingfromfinancingactivities
□Applicable?Notapplicable
(4)DescriptionofCashFlowsPresentedonaNetBasis
| Item | Relevantfactualinformation | Basisforusingnetpresentation | Financialimpact |
(5)SignificantActivitiesandFinancialImpactthatDoNotInvolveCurrentCashReceiptsandDisbursementsbutAffecttheCompany'sFinancialPositionorMayAffecttheCompany'sCashFlowsintheFuture
76.SupplementalInformationforCashFlowStatement
(1)SupplementalInformationforCashFlowStatement
Unit:RMB
| Supplementalinformation | Amountduringthecurrentperiod | Previousperiod |
| 1.Reconciliationofnetprofittonetcash |
| flowsgeneratedfromoperatingactivities: | ||
| Netprofit | 1,321,639.46 | 214,646,256.05 |
| Add:Provisionforimpairmentofassets | 18,374,204.33 | 13,608,733.65 |
| Depreciationoffixedassets,oil-gasassets,andproductivebiologicalassets | 26,670,229.44 | 30,375,573.61 |
| Depreciationofright-of-useassets | 5,989,672.69 | 10,342,761.89 |
| Amortizationofintangibleassets | 143,544.55 | 323,300.59 |
| Amortizationoflong-termprepaidexpenses | 3,877,212.20 | 4,357,979.80 |
| Lossesfromdisposaloffixedassets,intangibleassetsandotherlong-livedassets(gainsrepresentedby“-") | -26,055.97 | -174,379.69 |
| Lossesfromscrapoffixedassets(gainsrepresentedby“-") | 66,426.65 | 17,136.15 |
| Lossesfromchangesinfairvalue(gainsrepresentedby“-") | ||
| Financecosts(gainsrepresentedby“-") | 35,137,104.55 | 24,192,404.94 |
| Investmentloss(gainsrepresentedby“-") | -412,742.53 | -5,385,588.91 |
| Decreaseindeferredincometaxassets(gainsrepresentedby“-") | -22,448,666.86 | 29,858,199.73 |
| Increaseindeferredincometaxliabilities(decreaserepresentedby“-") | -1,246,996.21 | -67,809.67 |
| Decreaseininventory(gainsrepresentedby“-") | -412,619,998.44 | 127,259,375.62 |
| Decreaseinaccountsreceivablegeneratedfromoperatingactivities(gainsrepresentedby“-") | -72,062,362.60 | -13,839,646.61 |
| Increaseinaccountspayableusedinoperatingactivities(decreaserepresentedby“-") | -319,590,312.70 | -1,015,535,955.30 |
| Others | ||
| Netcashflowsfromoperatingactivities | -736,827,101.44 | -580,021,658.15 |
| 2.Significantinvestingandfinancingactivitieswithoutinvolvementofcashreceiptsandpayments: | ||
| Conversionofdebttocapital | ||
| Convertiblecorporatebondsmaturedwithinoneyear | ||
| Fixedassetunderfinancelease | ||
| 3.Netincrease/decreaseofcashandcashequivalent: | ||
| Closingbalanceofcash | 1,867,480,361.19 | 1,376,665,482.70 |
| Less:Openingbalanceofcash | 2,733,139,135.12 | 1,509,693,857.48 |
| Add:Closingbalanceofcashequivalents | ||
| Less:Openingbalanceofcashequivalents | ||
| Netincreaseincashandcashequivalents | -865,658,773.93 | -133,028,374.78 |
(2)NetCashPaidforAcquisitionofSubsidiaries
Unit:RMB
| Amount | |
| Ofwhich: | |
| Ofwhich: | |
| Ofwhich: |
Othernotes:
(3)NetCashReceivedfromDisposaloftheSubsidiaries
Unit:RMB
| Amount | |
| Ofwhich: | |
| Ofwhich: | |
| Ofwhich: |
Othernotes:
(4)CashandCashEquivalents
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| I.Cash | 1,867,480,361.19 | 2,733,139,135.12 |
| Ofwhich:Cashonhand | 55,534.25 | 75,265.01 |
| Bankdepositsondemand | 1,864,334,595.58 | 2,729,897,603.00 |
| Othermonetaryassetsondemand | 3,090,231.36 | 3,166,267.11 |
| III.Endingbalanceofcashandcashequivalents | 1,867,480,361.19 | 2,733,139,135.12 |
(5)PresentationofCashandCashEquivalentsthatAreSubjecttoCertainRestrictionsonTheirUsage
Unit:RMB
| Item | Amountduringthecurrentperiod | Previousperiod | Reasonforclassifyingtheitemascashandcashequivalents |
| Pre-salefundsforGuangmingYutangShangfuProject | 517,510,022.98 | 640,559,629.03 | Thesearefundswithinthepresalesupervisionquotaoftheproject,whichwecanapplyforinaccordancewiththerelevantregulationsonthesupervisionofpresalefundstopayfortheconstructionexpendituresoftheprojectandtherelevantstatutorytaxesandfees. |
| Total | 517,510,022.98 | 640,559,629.03 |
(6)MonetaryAssetsNotClassifiedasCashandCashEquivalents
Unit:RMB
| Item | Amountduringthecurrentperiod | Previousperiod | Reasonfornotclassifyingtheitemascashandcashequivalents |
Othernotes:
(7)NotesonOtherSignificantActivities
77.NotestoItemsoftheStatementsofChangesinOwners'EquityNotestothenameof“Other”ofclosingbalanceattheendofthepreviousyearadjustedandtheamountadjusted:
78.ForeignCurrencyMonetaryItems
(1)ForeignCurrencyMonetaryItems
Unit:RMB
| Item | Closingforeigncurrencybalance | Exchangerate | EndingbalanceconvertedtoRMB |
| Monetarycapital | 64,642,781.10 | ||
| Ofwhich:USD | 120,000.00 | 7.1268 | 855,216.00 |
| EUR | |||
| HKD | 62,980,559.53 | 0.9127 | 57,482,356.68 |
| VND | 22,123,538,314.00 | 0.000285 | 6,305,208.42 |
| Accountsreceivable | 5,800,051.80 | ||
| Ofwhich:USD | |||
| EUR | |||
| HKD | |||
| VND | 20,351,058,959.00 | 0.000285 | 5,800,051.80 |
| Long-termborrowings | |||
| Ofwhich:USD | |||
| EUR | |||
| HKD | |||
| Accountsprepaid | 53,293.47 | ||
| Ofwhich:HKD | |||
| VND | 186,994,643.00 | 0.000285 | 53,293.47 |
| Otherreceivables | 278,490.88 | ||
| Ofwhich:HKD | 66,215.94 | 0.9127 | 60,435.29 |
| VND | 765,107,320.00 | 0.000285 | 218,055.59 |
| Accountspayable | 699,152.47 | ||
| Ofwhich:HKD | 56,000.00 | 0.9127 | 51,111.20 |
| VND | 2,273,829,000.00 | 0.000285 | 648,041.27 |
| Otherpayables | 2,043,064.96 | ||
| Ofwhich:HKD | 400,603.25 | 0.9127 | 365,630.59 |
| VND | 5,885,734,627.00 | 0.000285 | 1,677,434.37 |
Othernotes:
(2)NotestoOverseasEntitiesIncluding:forSignificantOverseaEntities,MainOperatingPlace,RecordingCurrencyandSelectionBasisShallBeDisclosed;ifthereAreChangesinRecordingCurrency,RelevantReasonsShallBeDisclosed.?Applicable□Notapplicable
| Item | Mainoperatingplace | Standardcurrencyforaccounting | Basisforchoosing |
| ShumYipPropertiesDevelopmentLimitedanditssubsidiaries | HongKong | HKD | LocatedinHK,settledbyHKD |
| Item | Mainoperatingplace | Standardcurrencyforaccounting | Basisforchoosing |
| VietnamShenguomaoPropertyManagementCo.,Ltd. | Vietnam | VND | LocatedinVietnam,settledbyVND |
79.Lease
(1)TheCompanyWasLessee:
?Applicable□NotapplicableVariableleasepaymentsthatarenotcoveredinthemeasurementoftheleaseliabilities
□Applicable?NotapplicableSimplifiedshort-termleaseorleaseexpenseforlow-valueassets?Applicable□NotapplicableAmountrecognizedinprofitorloss
| Currency:RMB | |
| Category | Amountfortheyear |
| Depreciationexpenseonright-of-useassets(Note1) | 5,989,672.68 |
| Interestexpenseonleaseliabilities(Note2) | 709,478.21 |
| Expenserelatingtoshort-termleases | 3,455,815.90 |
| Leaseexpenseforlow-valueassets | |
| Variableleasepaymentsthatarenotcoveredinthemeasurementoftheleaseliabilities(Note3) | |
| Incomefromunderleaseofright-of-useassets | |
| Totalcashoutflowsrelatedtoleases | 13,748,209.40 |
Note1:Therewasnodepreciationexpenseoncapitalizedright-of-useassetsinthefirsthalfof2024.Note2:Therewasnointerestexpenseoncapitalizedleaseliabilitiesinthefirsthalfof2024.Note3:Therewerenovariableleasepaymentsnotincludedinthemeasurementofleaseliabilitiesinthefirsthalfof2024.CircumstancesinvolvingsaleandleasebacktransactionsInDecember2023,theCompanyenteredintoasaleandleasebackcontractwithMAXWEALTHFinancialLeasingCo.,Ltd.forthetransferofcertainofficeequipmentwithaleasebackperiodof48months.Sincethefixedassetswerenottransferredtothepurchaserfromthebeginningtotheend,itwasjudgednottobeasale,andtheamountreceivedwasaccountedforasaliability.
(2)TheCompanyWasLessor:
OperatingleaseswiththeCompanyaslessor?Applicable□Notapplicable
Unit:RMB
| Item | Rentalincome | Ofwhich:incomerelatedtovariableleasepaymentsnotincludedinleasereceipts |
| Leaseitems | 70,660,796.54 |
| Total | 70,660,796.54 |
FinanceleaseswiththeCompanyaslessor
□Applicable?NotapplicableUndiscountedleasereceiptsforeachofthenextfiveyears?Applicable□Notapplicable
| Item | Undiscountedleasereceiptsperyear | |
| Endingamount | Beginningamount | |
| The1styear | 122,306,687.48 | 124,863,019.23 |
| The2ndyear | 72,100,063.44 | 70,271,138.44 |
| The3rdyear | 48,038,467.51 | 42,292,889.70 |
| The4thyear | 32,148,758.64 | 32,718,754.54 |
| The5thyear | 19,140,598.97 | 24,297,422.32 |
| Totalundiscountedleasereceiptsafterfiveyears | 17,130,742.16 | 14,891,056.43 |
Unit:RMBReconciliationofundiscountedleasereceiptstonetinvestmentinleasesNotapplicable
(3)RecognitionofGainorLossonSalesunderFinanceLeaseswiththeCompanyasaManufacturerorDistributor
□Applicable?Notapplicable
80.DataResources
81.OthersVIII.ResearchandDevelopmentExpenditure
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Staffcosts | 1,979,647.19 | 1,466,686.36 |
| Depreciationandamortizationexpense | 15,029.13 | 50,096.06 |
| Other | 248,641.12 | 194,269.02 |
| Total | 2,243,317.44 | 1,711,051.44 |
| Ofwhich:Expensedresearchanddevelopmentexpenditure | 2,243,317.44 | 1,711,051.44 |
1.R&DProjectsEligibleforCapitalization
Unit:RMB
| Item | Beginningbalance | Increasedamountofthecurrentperiod | Decreasedamountforthecurrentperiod | Endingbalance | ||||
| Internaldevelopmentcosts | Others | Recognizedasintangibleassets | Transferredintothecurrentprofitorloss | |||||
SignificantcapitalizedR&Dprojects
Total
Item
| Item | R&Dprogress | Estimatedcompletiondate | Expectedmannerofgenerationofeconomicbenefits | Timeofcommencementofcapitalization | Specificbasisforcommencementofcapitalization |
Provisionforimpairmentofdevelopmentexpenditure
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | Impairmenttesting |
2.SignificantOutsourcedResearchandDevelopmentProjectsinProgress
| Projectname | Mannerinwhichtheeconomicbenefitsareexpectedtobegenerated | Judgmentcriteriaandspecificbasisforcapitalizationorexpensing |
Othernotes:
IX.ChangeofConsolidationScope
1.BusinessCombinationNotundertheSameControl
(1)BusinessCombinationNotundertheSameControlduringtheCurrentPeriod
Unit:RMB
| Nameofacquiree | Timeandplaceofgainingequity | Costofgainingtheequity | Proportionofequity | Waytogainequity | Purchasedate | Recognitionbasisofpurchasedate | Incomeofacquireefromthepurchasedatetoperiod-end | Netprofitsofacquireefromthepurchasedatetoperiod-end | Cashflowsoftheacquireefromthepurchasedatetotheendoftheperiod |
Othernotes:
(2)CombinationCostandGoodwill
Unit:RMB
| Combinationcost |
| -Cash |
| -Fairvalueofnon-cashassets |
| -Fairvalueofdebtissuedorassumed |
| -Fairvalueofequitysecuritiesissued |
| -Fairvalueofcontingentconsideration |
| -Fairvalueofequityinterestsheldbeforethepurchasedate |
| --Other |
| Totalcombinationcosts |
| Less:shareinthefairvalueofidentifiablenetassetsacquired |
| Theamountofgoodwill/combinationcostlessthantheshareinthefairvalueofidentifiablenetassetsacquired |
Methodofdeterminingthefairvalueofthecostofconsolidation:
NotestocontingentconsiderationandchangesthereinThemainformationreasonforthelargegoodwill:
Othernotes:
(3)TheIdentifiableAssetsandLiabilitiesofAcquireeonPurchaseDate
Unit:RMB
| Fairvalueonpurchasedate | Carryingvalueonpurchasedate | |
| Assets: | ||
| Monetarycapital | ||
| Accountsreceivable | ||
| Inventories | ||
| Fixedassets | ||
| Intangibleassets |
Liabilities:
| Liabilities: |
| Borrowings |
| Accountspayable |
| Deferredincometaxliabilities |
Netassets
| Netassets |
| Less:non-controllinginterests |
| Netassetsacquired |
Thedeterminationmethodofthefairvalueofidentifiableassetsandliabilities:
Contingentliabilityofacquireeundertakeninthebusinesscombination:
Othernotes:
(4)GainsandLossesfromRe-measurementofEquityHeldbeforethePurchaseDateatFairValueWhetherthereisatransactionthatthroughmultipletransactionstepbysteptorealizebusinesscombinationandgainingthecontrolduringtheReportingPeriod
□Yes?No
(5)NotestoReasonableConsiderationorFairValueofIdentifiableAssetsandLiabilitiesoftheAcquireethatCannotBeDeterminedontheAcquisitionDateorduringthePeriod-endoftheMerger
(6)OtherNotes
2.BusinessCombinationundertheSameControl
(1)BusinessCombinationundertheSameControlduringtheCurrentPeriod
Unit:RMB
| Combinedparty | Proportionoftheequity | Basis | Combinationdate | Recognitionbasisofcombinationdate | Incomefromtheperiod-begintothecombinationdateoftheacquiree | Netprofitsfromtheperiod-begintothecombinationdateoftheacquiree | Incomeoftheacquireeduringtheperiodofcomparison | Netprofitsoftheacquireeduringtheperiodofcomparison |
Othernotes:
(2)CombinationCost
Unit:RMB
| Combinationcost |
| -Cash |
| --Carryingvalueofnon-cashassets |
| --Carryingvalueofdebtissuedorassumed |
| --Denominationvalueofequitysecuritiesissued |
| --Contingentconsideration |
Contingentliabilitiesandchangesthereof:
Othernotes:
(3)TheCarryingValueofAssetsandLiabilitiesoftheCombinedPartyontheCombinationDate
Unit:RMB
| Combinationdate | Endofthepreviousperiod | |
| Assets: | ||
| Monetarycapital | ||
| Accountsreceivable | ||
| Inventories | ||
| Fixedassets | ||
| Intangibleassets |
Liabilities:
| Liabilities: |
| Borrowings |
| Accountspayable |
Netassets
| Netassets |
| Less:non-controllinginterests |
| Netassetsacquired |
Contingentliabilitiesofthecombinedpartyundertakeninthebusinesscombination:
Othernotes:
3.CounterPurchase
Basicinformationoftrading,thebasisoftransactionsconstitutecounterpurchase,theretainassets,liabilitiesofthelistedcompanieswhetherconstitutedabusinessanditsbasis,thedeterminationofthecombinationcosts,theamountandcalculationofadjustedrightsandinterestsinaccordancewiththeequitytransactionprocess:
4.DisposalofSubsidiary
Whethertherewereanytransactionsoreventsduringtheperiodinwhichcontrolofthesubsidiarywaslost?Yes?No
Whethertherewasastep-by-stepdisposalofinvestmentinasubsidiarythroughmultipletransactionsandlossofcontrolduringthecurrentperiod
□Yes?No
5.ChangesinCombinationScopeforOtherReasons
Notesofotherchangesinthecombinationscope(e.g.,newsubsidiaries,liquidationofsubsidiaries,etc.)andrelevantsituations:
6.Other
X.EquityinOtherEntities
1.EquityinSubsidiaries
(1)CompositionsoftheGroup
Unit:RMB
| Nameofsubsidiaries | Registeredcapital | Mainoperatingplace | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| ShenzhenHuangchengRealEstateCo.,Ltd. | 30,000,000.00 | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. | 100,000,000.00 | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | 15,453,000.00 | Shenzhen | Shenzhen | Softwareandinformationtechnologyservices | 35.00% | Businesscombinationnotunderthesamecontrol | |
| BeijingFacilityHomeTechnologyCo.,Ltd. | 5,000,000.00 | Beijing | Beijing | Softwareandinformationtechnologyservices | 17.85% | Businesscombinationnotunderthesamecontrol | |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | 50,000,000.00 | Xuzhou | Xuzhou | Realestate | 100.00% | Set-up | |
| DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. | 20,000,000.00 | Dongguan | Dongguan | Realestate | 100.00% | Set-up | |
| SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. | 50,000,000.00 | Yangzhou | Yangzhou | Realestate | 100.00% | Set-up | |
| ShenzhenInternational | 20,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Set-up | |
| TradeCenterPropertyManagementCo.,Ltd. | |||||||
| ShenzhenGuomaomeiLifeServiceCo.,Ltd. | 5,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Set-up | |
| ShandongShenguomaoRealEstateManagementCo.,Ltd. | 5,000,000.00 | Jinan | Jinan | Serviceindustry | 100.00% | Set-up | |
| ChongqingShenguomaoRealEstateManagementCo.,Ltd. | 5,000,000.00 | Chongqing | Chongqing | Serviceindustry | 100.00% | Set-up | |
| ChongqingAoboElevatorCo.,Ltd. | 5,000,000.00 | Chongqing | Chongqing | Serviceindustry | 100.00% | Set-up | |
| ChongqingTianqueElevatorTechnologyCo.,Ltd. | 5,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Set-up | |
| ShenzhenGuoguanElectromechanicalDeviceCo.,Ltd. | 1,200,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Set-up | |
| ShenzhenGuomaoCateringCo.,Ltd. | 2,000,000.00 | Shenzhen | Shenzhen | Accommodationandcatering | 100.00% | Set-up | |
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | 3,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Set-up | |
| SZPRDCommercialOperationCo.,Ltd. | 40,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Set-up | |
| ShumYipPropertiesDevelopmentLimited | 20,000,000.001 | HongKong | HongKong | Realestate | 100.00% | Set-up | |
| WayhangDevelopmentCo.,Ltd. | 2.002 | HongKong | HongKong | Realestate | 100.00% | Set-up | |
| ChiefLinkPropertiesCo.,Ltd. | 100.003 | HongKong | HongKong | Realestate | 70.00% | Set-up | |
| SyndisInvestmentCo.,Ltd. | 4.004 | HongKong | HongKong | Realestate | 70.00% | Businesscombinationnotunderthesamecontrol | |
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | 10,000,000.00 | Yangzhou | Yangzhou | Serviceindustry | 51.00% | Set-up | |
| ShandongInternationalTradeCenterHotelManagementCo.,Ltd. | 3,000,000.00 | Jinan | Jinan | Accommodationandcatering | 100.00% | Set-up | |
| ShenzhenShenshanSpecial | 5,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 65.00% | Set-up |
| CooperationZoneGuomaoPropertyDevelopmentCo.,Ltd. | |||||||
| ShenzhenGuomaoTonglePropertyManagementCo.,Ltd. | 2,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 51.00% | Set-up | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 10,000,000.00 | Shenzhen | Shenzhen | Realestate | 69.00% | Businesscombinationnotunderthesamecontrol | |
| ShenzhenITCTechnologyParkServiceCo.,Ltd. | 30,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenGuomaoChuntianCommercialManagementCo.,Ltd. | 20,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenPenghongyuanIndustrialDevelopmentCo.,Ltd. | 8,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenJinhailianPropertyManagementCo.,Ltd. | 3,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenSocialWelfareCo.,Ltd. | 35,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFuyuanminPropertyManagementLimitedLiabilityCompany | 10,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenMeilongIndustrialDevelopmentCo.,Ltd. | 5,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | 10,600,000.00 | Shenzhen | Shenzhen | Publicfacilitiesmanagementservices | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenJiayuanPropertyManagementCo.,Ltd. | 1,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 54.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenHelinhuaConstructionManagementCo.,Ltd. | 3,000,000.00 | Shenzhen | Shenzhen | Realestate | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenZhongtongdaHouseXiushanServiceCo.,Ltd. | 2,500,000.00 | Shenzhen | Shenzhen | Constructionindustry | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenKangping | 1,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 90.00% | Businesscombination |
| IndustrialCo.,Ltd. | underthesamecontrol | ||||||
| ShenzhenSportsServiceCo.,Ltd. | 3,300,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenTeacher’sHomeTrainingCo.,Ltd. | 1,660,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenEducationIndustrialCo.,Ltd. | 4,985,610.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenYufaIndustrialCo.,Ltd. | 1,050,000.00 | Shenzhen | Shenzhen | Serviceindustry | 80.95% | Businesscombinationunderthesamecontrol | |
| SZPRDFuyuantaiDevelopmentCo.,Ltd. | 10,000,000.00 | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| XiamenShenguomaoIndustrialCitySmartServiceCo.,Ltd. | 5,000,000.00 | Xiamen | Xiamen | Serviceindustry | 51.00% | Set-up | |
| VietnamShenguomaoPropertyManagementCo.,Ltd. | 200,000.005 | Vietnam | Vietnam | Serviceindustry | 100.00% | Set-up | |
| ShenzhenSZPRDYanzihuDevelopmentCo.,Ltd. | 10,000,000.00 | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | 50,000,000.00 | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| DongguanWuheRealEstateCo.,Ltd. | 50,000,000.00 | Dongguan | Dongguan | Realestate | 100.00% | Set-up | |
| ShenzhenPropertyManagementCo.,Ltd. | 7,250,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenwuElevatorCo.,Ltd. | 3,500,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenfangPropertyCleaningCo.,Ltd. | 1,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | 5,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | 15,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFubaoUrbanResourcesManagementCo.,Ltd. | 5,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 60.00% | Businesscombinationunderthesamecontrol |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | 10,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | 2,000,000.00 | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenWuheUrbanRenewalCo.,Ltd. | 195,000,000.00 | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| YangzhouWuheRealEstateCo.,Ltd. | 50,000,000.00 | Yangzhou | Yangzhou | Realestate | 67.00% | Set-up | |
| ShenzhenTongluWuheInvestmentDevelopmentCo.,Ltd. | 10,000,000.00 | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenInternationalTradeIndustrySpaceServiceCo.,Ltd. | 2,800,000.00 | Shenzhen | Shenzhen | Serviceindustry | 55.00% | Set-up |
Note:1HKD2HKD3HKD4HKD5USDNotesofshareholdingpercentageinsubsidiariesdifferentfromvotingpercentage:
InMay2021,ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd.(hereinafterreferredtoas"WuheCompany"),asubsidiaryoftheCompany,acquired35%oftheequityofShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.(hereinafterreferredtoas"FMC")throughacquisitionofequityanddirectionalcapitalincrease.Meanwhile,accordingtotheagreementofthecooperationframeworkonequityacquisitionsignedbyWuheCompanyandtheoriginalshareholders,16%ofthevotingrightsthattheoriginalshareholdersholdoractuallycontrolintheequityofFMCshallbeunconditionallygrantedtoWuheCompanytoexerciseafterthetransactiondate.Therearenoprerequisitesforthegrantingofvotingrights,andthetermofthevotingrightsisnotstipulatedinthecontract.Basisofholdinghalforlessvotingrightsbutstillcontrollingtheinvesteeandholdingmorethanhalfofthevotingrightsbutnotcontrollingtheinvestee:
NotapplicableBasisofcontrollingsignificantstructuralentitiesincorporatedinthescopeofcombination:
NotapplicableBasisofdeterminingwhethertheCompanyistheagentorthemandatory:
NotapplicableOthernotes:
(2)SignificantNon-wholly-ownedSubsidiary
Unit:RMB
| Nameofsubsidiaries | Shareholdingproportionofnon-controllinginterests | Theprofitorlossattributabletothenon-controllinginterestsforthecurrentperiod | Declaringdividendsdistributedtonon-controllinginterestsforthecurrentperiod | Balanceofnon-controllinginterestsattheperiod-end |
| ShenzhenRongyaoReal | 31.00% | -5,688,655.14 | -12,855,429.40 |
| EstateDevelopmentCo.,Ltd. | ||||
| YangzhouWuheRealEstateCo.,Ltd. | 33.00% | -931,650.87 | 4,179,629.23 |
Holdingproportionofnon-controllinginterestsinsubsidiarydifferentfromvotingproportion:
Othernotes:
(3)TheMainFinancialInformationofSignificantNotWholly-ownedSubsidiary
Unit:RMB
| Nameofsubsidiaries | Endingbalance | Beginningbalance | ||||||||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 6,363,042,241.19 | 167,370,479.65 | 6,530,412,720.84 | 3,258,387,824.38 | 3,313,494,023.55 | 6,571,881,847.93 | 6,104,831,530.55 | 161,894,251.74 | 6,266,725,782.29 | 3,217,495,278.38 | 3,072,349,130.56 | 6,289,844,408.94 |
| YangzhouWuheRealEstateCo.,Ltd. | 1,354,167,206.85 | 4,003,091.45 | 1,358,170,298.30 | 1,155,504,755.15 | 190,000,000.00 | 1,345,504,755.15 | 1,291,359,823.31 | 3,086,583.61 | 1,294,446,406.92 | 1,278,957,679.33 | 1,278,957,679.33 | |
Unit:RMB
| Nameofsubsidiaries | Amountforthecurrentperiod | Amountforthepreviousperiod | ||||||
| OperatingRevenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | OperatingRevenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | -18,350,500.44 | -18,350,500.44 | -199,490,054.24 | -21,394,349.33 | -21,394,349.33 | -132,065,318.90 | ||
| YangzhouWuheRealEstateCo.,Ltd. | -2,823,184.44 | -2,823,184.44 | -190,340,468.10 | -1,995,249.76 | -1,995,249.76 | -48,773,537.38 | ||
Othernotes:
(4)Significantrestrictionsonleveragingtheassetsandliquidatingtheliabilitiesofthebusinessconsortium
(5)FinancialsupportorothersupportprovidedtostructuralentitiesincorporatedintothescopeofconsolidatedfinancialstatementsOthernotes:
2.TheTransactionoftheCompanywithItsOwner'sEquityShareChangingbuttheCompanyStillControlstheSubsidiary
(1)NotetotheOwner'sEquityShareChangedinSubsidiary
(2)TheTransaction’sInfluenceontheEquityofNon-controllingInterestsandtheOwner'sEquityAttributabletotheCompanyastheParent
Unit:RMB
| Purchasecost/disposalconsideration |
| -Cash |
| -Fairvalueofnon-cashassets |
Totalpurchasecost/disposalconsideration
| Totalpurchasecost/disposalconsideration |
| Less:Shareofnetassetsofsubsidiariesbasedonpercentageofequityacquired/disposedof |
| Difference |
| Ofwhich:Adjustingcapitalreserve |
| Adjustingsurplusreserve |
| Adjustingretainedprofits |
Othernotes:
3.EquityinJointVenturesorAssociatedEnterprises
(1)SignificantJointVenturesorAssociatedEnterprises
| Name | Mainoperatingplace | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Accountingtreatmentoftheinvestmenttojointventureorassociatedenterprise | |
| Directly | Indirectly | |||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | Shenzhen | Shenzhen | Warehouseservice | 25.00% | 25.00% | Equitymethod |
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | Shenzhen | Shenzhen | Propertymanagement | 50.00% | Equitymethod | |
| CSCECIntelligentParkingTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Commercialservices | 10.00% | Equitymethod | |
Notestoholdingproportionofjointventureorassociatedenterprisedifferentfromvotingproportion:
Basisofholdinglessthan20%ofthevotingrightsbuthasasignificantimpactorholding20%ormorevotingrightsbutdoesnothaveasignificantimpact:
(2)MainFinancialInformationofSignificantJointVentures
Unit:RMB
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | ||
| ShenzhenJifaWarehouseCo.,Ltd. | Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | ShenzhenJifaWarehouseCo.,Ltd. | Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen |
| Currentassets | 315,415,169.63 | 58,245,686.18 | 13,949,127.78 | 59,553,501.09 |
| Ofwhich:Cashandcashequivalents | 313,087,656.65 | 37,193,001.15 | 11,574,044.52 | 38,464,410.56 |
| Non-currentassets | 84,989,541.46 | 41,783.03 | 85,381,409.08 | 42,101.51 |
| Totalassets | 400,404,711.09 | 58,287,469.21 | 99,330,536.86 | 59,595,602.60 |
| Currentliabilities | 2,406,753.79 | 28,759,114.40 | 3,198,899.85 | 28,927,454.58 |
| Non-currentliabilities | 300,000,000.00 | 16,638,965.73 | 16,566,273.37 | |
| Totalliabilities | 302,406,753.79 | 45,398,080.13 | 3,198,899.85 | 45,493,727.95 |
| Equityofnon-controllinginterests | ||||
| EquityattributabletoshareholdersoftheCompanyastheparent | 97,997,957.30 | 12,889,389.08 | 96,131,637.01 | 14,101,874.65 |
| Netassetssharescalculatedattheshareholdingproportion | 48,998,978.66 | 6,444,694.54 | 48,065,818.51 | 7,050,937.33 |
| Adjusteditems | ||||
| -Goodwill | ||||
| --Unrealizedprofitofintra-companytransaction | ||||
| --Other | ||||
| Carryingvalueofequityinvestmenttojointventures | 48,998,978.66 | 6,444,694.54 | 48,065,818.51 | 7,050,937.33 |
| Fairvaluesofequityinvestmentsofjointventureswithquotedprices | ||||
| OperatingRevenue | 4,526,369.65 | 5,386,799.84 | 6,690,430.68 | 8,731,790.54 |
| Financialexpenses | -10,820.99 | 2,636.50 | -7,666.55 | 43,267.67 |
| Incometaxexpense | 622,106.77 | 0.00 | 1,154,005.86 | 55,263.55 |
| Netprofit | 1,866,320.29 | -1,212,485.57 | 3,445,747.96 | 165,790.66 |
| Netprofitfromdiscontinuedoperations | ||||
| Othercomprehensiveincome | ||||
| Totalcomprehensiveincome | 1,866,320.29 | -1,212,485.57 | 3,445,747.96 | 165,790.66 |
Dividendsreceivedfromthejointventureinthecurrentperiod
Othernotes:
(3)MainFinancialInformationofSignificantAssociatedEnterprises
Unit:RMB
Dividendsreceivedfromthejointventureinthecurrentperiod
Closingbalance/amountofthecurrent
period
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | |
| CSCEC | CSCEC | |
| Currentassets | 273,413,892.78 | 256,074,109.31 |
| Non-currentassets | 28,479,236.46 | 11,617,792.09 |
| Totalassets | 301,893,129.24 | 267,691,901.40 |
| Currentliabilities | 126,518,370.21 | 95,957,288.78 |
| Non-currentliabilities | 3,268,460.57 | 486,565.88 |
| Totalliabilities | 129,786,830.78 | 96,443,854.66 |
Equityofnon-controllinginterests
| Equityofnon-controllinginterests | ||
| EquityattributabletoshareholdersoftheCompanyastheparent | 172,106,298.46 | 171,248,046.74 |
| Netassetssharescalculatedattheshareholdingproportion | 17,210,629.85 | 17,124,804.67 |
| Adjusteditems | ||
| -Goodwill | ||
| --Unrealizedprofitofintra-companytransaction | ||
| --Other | ||
| Carryingvalueofinvestmenttoassociatedenterprises | 29,026,819.88 | 28,940,994.71 |
| Fairvalueofequityinvestmentsinassociatedenterpriseswithpubliclyquotedprices | ||
| OperatingRevenue | 79,970,090.76 | 48,983,120.89 |
| Netprofit | 858,251.72 | 516,190.10 |
| Netprofitfromdiscontinuedoperations | ||
| Othercomprehensiveincome | ||
| Totalcomprehensiveincome | 858,251.72 | 516,190.10 |
Dividendsreceivedfromtheassociatesinthecurrentperiod
| Dividendsreceivedfromtheassociatesinthecurrentperiod | 63,120.00 |
Othernotes:
(4)SummaryFinancialInformationofInsignificantJointVenturesorAssociatedEnterprises
Unit:RMB
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | |
| Jointventure: | ||
| Sumcalculatedbyshareholdingratioofeachitem | ||
| Associatedenterprises: | ||
| Sumcalculatedbyshareholdingratioofeachitem |
Othernotes:
(5)NotetotheSignificantRestrictionsontheAbilityofJointVenturesorAssociatedEnterprisestoTransferFundstotheCompany
(6)TheExcessLossofJointVenturesorAssociatedEnterprises
Unit:RMB
| Name | Thecumulativerecognizedlossesinpreviousaccumulativelyderecognized | Thederecognizedlosses(ortheshareofnetprofit)incurrentperiod | Theaccumulativeunrecognizedlossesincurrentperiod |
Othernotes:
(7)TheUnrecognizedCommitmentRelatedtoInvestmenttoJointVentures
(8)ContingentLiabilitiesRelatedtoInvestmenttoJointVenturesorAssociatedEnterprises
4.SignificantCommonOperation
| Name | Mainoperatingplace | Placeofregistration | Businessnature | Proportion/Shareportion | |
| Directly | Indirectly | ||||
Notestoholdingproportionorshareportionincommonoperationdifferentfromvotingproportion:
Forcommonoperationasasingleentity,basisofclassifyingascommonoperationOthernotes:
5.EquityintheStructuredEntityExcludedintheScopeofConsolidatedFinancialStatements
Notestothestructuredentityexcludedinthescopeofconsolidatedfinancialstatements:
6.OtherXI.GovernmentGrants
1.GovernmentGrantsRecognizedattheEndoftheReportingPeriodattheAmountReceivable
□Applicable?NotapplicableReasonsforfailingtoreceivegovernmentgrantsintheestimatedamountattheestimatedpointintime
□Applicable?Notapplicable
2.LiabilityItemsInvolvingGovernmentGrants
□Applicable?Notapplicable
3.GovernmentGrantsRecognizedasCurrentProfitorLoss
?Applicable□Notapplicable
Unit:RMB
| Accountingitems | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Otherincome | 448,581.63 | 950,093.18 |
Othernotes:
XII.RisksAssociatedwithFinancialInstruments
1.VariousTypesofRisksArisingfromFinancialInstrumentsTheCompanyisengagedinriskmanagementtoachievebalancebetweenrisksandreturns,minimizingthenegativeeffectsofrisksonitsoperationperformanceandmaximizingtheinterestsofitsshareholdersandotherequityinvestors.Basedonthatriskmanagementgoal,thefundamentalstrategyofitsriskmanagementistoidentifyandanalyzevariousrisksfacingtheCompany,establishanappropriateriskbottomline,carryoutriskmanagementandmonitorvariousrisksinatimelyandreliablemannertocontrolthemwithinarestrictedscope.TheCompanyfacesvariousrisksrelatedtofinancialinstrumentsinitsroutineactivities,mainlyincludingcreditrisk,liquidityriskmarketrisk.Themanagementhasreviewedandapprovedthepoliciesofmanagingthoserisks,whicharesummarizedasfollows:
i.RisksfromFinancialInstruments
1.ClassificationofFinancialInstruments
(1)TheCarryingValueofFinancialAssetsontheBalanceSheetDate①30June2024
| Item | Financialassetsmeasuredatamortizedcost | Financialassetsatfairvaluethroughprofitorloss | Financialassetsatfairvalueandchangesincludedinothercomprehensiveincome | Total |
| Monetarycapital | 1,885,846,531.69 | 1,885,846,531.69 | ||
| Accountsreceivable | 525,349,243.53 | 525,349,243.53 | ||
| Otherreceivables | 606,627,612.52 | 606,627,612.52 | ||
| Otherequityinstrumentinvestments | 437,618.97 | 437,618.97 |
②31December2023
| Item | Financialassetsmeasuredatamortizedcost | Financialassetsatfairvaluethroughprofitorloss | Financialassetsatfairvalueandchangesincludedinothercomprehensiveincome | Total |
| Monetarycapital | 2,748,798,476.72 | 2,748,798,476.72 | ||
| Accountsreceivable | 502,806,453.88 | 502,806,453.88 | ||
| Otherreceivables | 624,394,372.82 | 624,394,372.82 | ||
| Otherequityinstrumentinvestments | 636,926.20 | 636,926.20 |
2.TheCarryingValueofFinancialLiabilitiesontheBalanceSheetDate
①30June2024
| Item | Financialliabilitiesatfairvaluethroughprofitorloss | Otherfinancialliabilities | Total |
| Short-termloan | 50,036,250.00 | 50,036,250.00 | |
| Accountspayable | 497,647,577.28 | 497,647,577.28 |
| Item | Financialliabilitiesatfairvaluethroughprofitorloss | Otherfinancialliabilities | Total |
| Otherpayables | 1,156,391,495.32 | 1,156,391,495.32 | |
| Currentportionofnon-currentliabilities | 3,457,663,129.19 | 3,457,663,129.19 | |
| Long-termborrowings | 1,387,120,583.02 | 1,387,120,583.02 | |
| Leaseliabilities | 12,635,031.03 | 12,635,031.03 | |
| Long-termaccountspayable | 399,899,850.00 | 399,899,850.00 |
②31December2023
| Item | Financialliabilitiesatfairvaluethroughprofitorloss | Otherfinancialliabilities | Total |
| Short-termloan | 230,915,000.00 | 230,915,000.00 | |
| Accountspayable | 662,869,059.59 | 662,869,059.59 | |
| Otherpayables | 1,217,303,294.25 | 1,217,303,294.25 | |
| Currentportionofnon-currentliabilities | 3,092,324,853.07 | 3,092,324,853.07 | |
| Long-termborrowings | 1,399,889,274.47 | 1,399,889,274.47 | |
| Leaseliabilities | 10,571,092.27 | 10,571,092.27 | |
| Long-termpayables | 400,105,655.56 | 400,105,655.56 |
2.CreditRiskCreditriskmeanstheriskoffinanciallossesincurredtotheotherpartywhenonepartyofafinancialinstrumentisunabletofulfillitsobligations.
1.CreditRiskManagementPractice
(1)CreditRiskEvaluationMethodOneachbalancesheetdate,theCompanyshallevaluatewhetherthecreditriskofrelevantfinancialinstrumentshasincreasedsignificantlysincetheinitialrecognition.Afterdeterminingwhetherthecreditriskhasincreasedsignificantlysincetheinitialrecognition,theCompanyshallconsiderobtainingreasonableandreliableinformationwithoutpayingunnecessaryextracostsorefforts,includingqualitativeandquantitativeanalysisbasedonhistoricaldata,externalcreditriskratingandforward-lookinginformation.Onthebasisofthesinglefinancialinstrumentorcombinationoffinancialinstrumentswithsimilarcreditriskcharacteristics,theCompanycomparestheriskofdefaultoffinancialinstrumentsonthebalancesheetdatewiththeriskofdefaultontheinitialrecognitiondatetodeterminethechangeofdefaultriskoffinancialinstrumentsduringtheirexpectedduration.Whenoneormoreofthefollowingquantitativeandqualitativecriteriaprevails,theCompanyshallbelievethecreditriskoffinancialinstrumentshasincreasedsignificantly:
1)Forthequantitativestandard,itcanbemainlyanalyzedfromtheprobabilityofdefaultfortheremainingdurationonthebalancesheetdaterisesbymorethanacertainproportioncomparedwiththeinitialconfirmation.
2)Forthequalitativestandard,itcanbemainlyanalyzedfromthemajoradversechangesinthedebtor'soperationorfinancialsituation,changesinexistingorexpectedtechnology,market,economyorlegalenvironmentwhichshallhavemajoradverseimpactsonthedebtor’srepaymentabilityoftheCompany,etc.
3)Theupperlimitisthatthedebtor’scontractpayment(includingprincipalandinterest)isoverdueformorethan90days.
(2)DefinitionofDefaultandCreditImpairment-AssetsWhenafinancialinstrumentmeetsoneormoreofthefollowingconditions,theCompanyshalldefinethefinancialassetashavingdefaulted,anditscriteriaareconsistentwiththedefinitionofhavingincurredcreditimpairment:
1)QuantitativeStandardThedebtorfailstomakethepaymentafterthecontractpaymentdateformorethan90days;
2)QualitativeCriteriaa.Thedebtorhasmajorfinancialdifficulties;b.Thedebtorviolatesthebindingprovisionsonthedebtorinthecontract;c.Thedebtorislikelytogobankruptorcarryoutotherfinancialrestructurings;d.Thecreditorshallgivethedebtorconcessionsthatwillnotbemadeinanyothercircumstancesduetotheeconomicorcontractualconsiderationsrelatedtothedebtor’sfinancialdifficulties.
2.MeasurementofExpectedCreditLossThekeyparametersformeasuringexpectedcreditlossincludeddefaultprobability,lossgivendefaultandexposureatdefault.TheCompanyconsidersthequantitativeanalysisandforward-lookinginformationofhistoricalstatisticaldata(suchascounterpartyrating,guaranteemethod,collateraltype,repaymentmethod,etc.)toestablishexposuremodelsofdefaultprobability,lossgivendefault,anddefaultrisk.
3.RefertoNoteVII-1,VII-5,VII-8forDetailsoftheReconciliationStatementsofBeginningBalanceandEndingBalanceofFinancialInstrumentLossProvision.
4.CreditRiskExposureandCreditRiskConcentrationTheCompany'screditriskmainlycomesfrommonetaryassetsandaccountsreceivable.Tocontroltheaforementionedrelevantrisks,theCompanyhasadoptedthefollowingmeasures.
(1)MonetaryAssetsTheCompanyplacesitsmonetaryassetswithfinancialinstitutionsofhighcreditratings.Thus,itscreditriskislow.
(2)AccountsReceivableTheCompanyconductscreditassessmentsonthecustomerstradinginthemodeofcreditonaregularbasis.Basedonthecreditassessmentresult,theCompanychoosestotradewithrecognizedcustomerswithgoodcreditandmonitorthebalanceoftheaccountsreceivablefromthemtoensurethattheCompanywillnotfaceanysignificantbaddebtrisk.DuetotheCompanymerelytradeswiththeauthorizedthirdpartywithgoodcredit,theguaranteeisnotrequired.Creditriskconcentrationismanagedinaccordancewiththecustomers.Asof30June2024,therewerecertaincreditconcentrationrisksintheCompany,and47.79%oftheaccountsreceivableoftheCompany(59.45%on31December2023)camefromthetop5customersbybalance.TheCompanyhasn’theldanyguaranteeorothercreditenhancementforbalanceofaccountsreceivable.ThemaximumcreditriskexposuretheCompanyundertookshallbethecarryingvalueofeachfinancialassetonbalancesheet.
3.LiquidityRiskLiquidityriskreferstotheriskoffundshortageoccurringwhentheCompanyfulfillsthesettlementobligationinthemodeofcashdeliveryorotherfinancialassets.Liquidityriskmayoriginatefromthefailuretosellfinancialassetsatfairvalueassoonaspossible;orfromtheotherparty’sfailuretopayoffitscontractualdebts;orfromtheearliermaturityofdebts;orfromthefailuretogeneratetheexpectedcashflow.Tocontroltherisk,theCompanycomprehensivelyadoptsbankloansasfinancingapproach,appropriatelycombineslong-termandshort-termfinancingmodesandoptimizesthefinancingstructuretomaintainthebalancebetweenfinancingsustainabilityandflexibility.TheCompanyhasobtainedthelineofcreditfromanumberofcommercialbankstosatisfyitsoperationfundneedsandcapitalexpenditure.Theanalysisofthefinancialliabilitiesbasedonthematurityperiodoftheundiscountedcashflowisasfollows:
| Item | Endingbalance | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1-3years | Morethan3years | |
| Bankingborrowings | 1,437,156,833.02 | 1,629,373,675.15 | 177,297,011.16 | 720,304,261.97 | 731,772,402.03 |
| Accountspayable | 497,647,577.28 | 497,647,577.28 | 497,647,577.28 | ||
| Otherpayables | 1,156,391,495.32 | 1,156,391,495.32 | 1,144,188,819.28 | 12,202,676.04 | |
| Item | Endingbalance | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1-3years | Morethan3years | |
| Currentportionofothernon-currentliabilities | 3,457,663,129.19 | 3,478,696,930.26 | 3,478,696,930.26 | ||
| Leaseliabilities | 12,635,031.03 | 16,443,332.42 | 9,658,459.68 | 6,784,872.74 | |
| Long-termaccountspayable | 399,899,850.00 | 471,251,983.33 | 18,234,037.50 | 43,275,144.45 | 409,742,801.38 |
| Total | 6,961,393,915.84 | 7,249,804,993.76 | 5,316,064,375.48 | 773,237,866.10 | 1,160,502,752.19 |
Continued:
| Item | Beginningbalance | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1-3years | Morethan3years | |
| Bankingborrowings | 1,630,804,274.47 | 1,886,101,350.83 | 379,121,985.22 | 709,659,943.62 | 797,319,421.99 |
| Accountspayable | 662,869,059.59 | 662,869,059.59 | 662,869,059.59 | ||
| Otherpayables | 1,217,303,294.25 | 1,217,303,294.25 | 1,205,100,618.21 | 12,202,676.04 | |
| Currentportionofothernon-currentliabilities | 3,092,324,853.07 | 3,111,187,663.28 | 3,111,187,663.28 | ||
| Leaseliabilities | 10,571,092.27 | 15,904,640.37 | 7,730,396.15 | 8,174,244.22 | |
| Long-termaccountspayable | 400,105,655.56 | 480,600,833.30 | 18,293,137.50 | 41,277,444.45 | 421,030,251.35 |
| Total | 7,013,978,229.21 | 7,373,966,841.62 | 5,376,572,463.80 | 758,667,784.22 | 1,238,726,593.60 |
4.MarketRiskMarketriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketprices.Marketriskmainlyincludesinterestrateriskandforeignexchangerisk.
(1)InterestRateRiskInterestrateriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketinterestrates.Interest-bearingfinancialinstrumentswithfixedinterestratesmaybringthefairvalueinterestraterisktotheCompany,whilethosewithfloatinginterestratemaybringthecashflowinterestraterisktotheCompany.TheCompanywilldeterminetheproportionbetweenthefinancialinstrumentswithfixedinterestrateandthosewithfloatinginterestrateincombinationwithmarketenvironment,andmaintainanappropriateportfoliooffinancialinstrumentsthroughregularreviewandmonitoring.TheinterestrateriskofcashflowsfacingtheCompanyismainlyrelatedtothebankloanscalculatedbyfloatinginterestrateoftheCompany.Asof30June2024,undertheassumptionofotherfixedvariableswith50basispointschangedininterestrate,thebankloanofRMB4,878,133,890.22(RMB4,470,302,598.47on31December2023)calculatedatfloatingratewouldnotresultinsignificantinfluenceontotalprofitandshareholders’equityoftheCompany.
2.ForeignExchangeRiskForeignexchangeriskreferstotheriskthatmayleadtothechangesoffairvalueoffinancialinstrumentsorfuturecashflowsduetofluctuationinexchangerate.TheriskofchangesofexchangeratefacingtheCompanyismainlyrelatedtoforeigncurrencymonetaryassetsandliabilitiesoftheCompany.TheCompanyoperatesinmainlandChina,andthemainactivitiesarerecordedbyRMB.Thus,theforeignexchangemarketriskundertakenisinsignificantfortheCompany.FordetailsoftheCompany'sforeigncurrencymonetaryassetsandliabilitiesattheendoftheCurrentPeriod,pleaserefertoNoteVII-78intheCurrentReport.
2.Hedge
(1)TheCompanyCarriesoutHedgingBusinessforRiskManagement
□Applicable?Notapplicable
(2)TheCompanyConductsEligibleHedgingOperationsandAppliesHedgeAccounting
Unit:RMB
| Item | Carryingvaluerelatedtohedgeditemsandhedginginstruments | Cumulativefairvaluehedgeadjustmentofthehedgeditemincludedintherecognizedcarryingvalueofthehedgeditem | Hedgeeffectivenessandhedgeineffectivenesspartialsources | ImpactofhedgeaccountingontheCompany'sfinancialstatements |
| Typesofhedgerisk | ||||
| Typesofhedge | ||||
Othernotes:
(3)TheCompanyConductsHedgingOperationsforRiskManagement,ExpectstoAchieveItsRiskManagementObjectives,butDoesNotApplyHedgeAccounting
□Applicable?Notapplicable
3.FinancialAssets
(1)ClassificationofTransferMethods
□Applicable?Notapplicable
(2)FinancialAssetsDerecognizedduetoTransfer
□Applicable?Notapplicable
(3)ContinuedInvolvementintheTransferofAssetsFinancialAssets
□Applicable?NotapplicableOthernotes:
XIII.TheDisclosureofFairValue
1.EndingFairValueofAssetsandLiabilitiesatFairValue
Unit:RMB
| Item | Closingfairvalue | |||
| Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
| I.ConsistentFairValueMeasurement | -- | -- | -- | -- |
| (III)Otherequityinstrumentinvestment | 437,618.97 | 437,618.97 | ||
| Thetotalamountofassetsconsistentlymeasuredatfairvalue | 437,618.97 | 437,618.97 | ||
| II.InconsistentFairValueMeasurement | -- | -- | -- | -- |
2.BasisforDeterminingtheMarketPriceofContinuousandNon-continuousLevel1FairValueMeasurementItemsTheotherequityinstrumentheldbytheCompanywasdomesticandforeignstocksobtainedinJintian’sdebtrestructuring,inwhichthemarketpricewasdeterminedbasedonthestockpriceofthesameassetintheactivemarketasavailableatthebalancesheetdate.
3.ContinuousandNon-continuousLevel2FairValueMeasurementItems,ValuationTechniquesUsed,andTheQualitativeandQuantitativeInformationofImportantParameters
4.ContinuousandNon-continuousLevel3FairValueMeasurementItems,ValuationTechniquesUsed,andTheQualitativeandQuantitativeInformationofImportantParameters
5.ContinuousandNon-continuousLevel3FairValueMeasurementItems,InformationOnTheAdjustmentBetweenTheOpeningandClosingCarryingValue,andSensitivityAnalysisofUnobservableParameters
6.ExplaintheReasonforConversionandtheGoverningPolicywhentheConversionHappensifConversionHappensamongConsistentFairValueMeasurementItemsatDifferentLevels
7.ChangesintheValuationTechniqueintheCurrentPeriodandtheReasonforSuchChanges
8.TheFairValueofFinancialAssetsandFinancialLiabilitiesnotMeasuredatFairValue
9.OthersXIV.RelatedPartyandRelated-partyTransactions
1.InformationRelatedtotheCompanyastheParentoftheCompany
| NameoftheCompanyastheparent | Placeofregistration | Businessnature | Registeredcapital | ProportionofshareheldbytheCompanyastheparentagainsttheCompany(%) | ProportionofvotingrightsownedbytheCompanyastheparentagainsttheCompany(%) |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Shenzhen | Limitedliabilitycompany(solely-ownedbythestate) | 32,686,000,000.00 | 57.25% | 57.25% |
Notes:InformationontheCompanyastheparent
(1)TheparentcompanyoftheCompanyisShenzhenInvestmentHoldingsCo.,Ltd.(hereinafterreferredtoas“SIHC”),anewly-establishedandorganizedstate-ownedcapitalinvestmentcompanybasedontheoriginalthreestate-ownedassetsmanagementcompaniesinOctober2004,anditsmainfunctionistomanagethepartialmunicipalstate-ownedcompaniesaccordingtotheauthorizationofMunicipalSASAC.Asagovernmentdepartment,ShenzhenState-ownedAssetsSupervisionandAdministrationBureaumanagesShenzhenInvestmentHoldingsCo.,Ltd.onbehalfofPeople’sGovernmentofShenzhenMunicipality.
(2)In2021,SIHC,thecontrollingshareholderoftheCompany,transferred38,037,890ordinarysharesoftheCompanyinunlimitedcirculation(representing6.382%ofthetotalsharecapitaloftheCompany)heldbySIHCtoShenzhenState-ownedEquityManagementCo.,Ltd.forfreetoreplenishthesocialsecurityfunds.ShenzhenState-ownedEquityManagementCo.,Ltd.isanewlyestablishedwholly-ownedsubsidiaryofSIHCtomanagethetransferredstate-ownedequityinaspecialaccount.Aftertheregistrationofthefreetransfer,SIHCheld301,414,637sharesoftheCompany,accountingfor50.575%ofthetotalsharecapitaloftheCompany,andShenzhenState-ownedEquityManagementCo.,Ltd.held38,037,890sharesoftheCompany,accountingfor
6.382%ofthetotalsharecapitaloftheCompany.
(3)DuringtheReportingPeriod,theCompany'sshareholder,ShenzhenDuty-FreeCommodityEnterpriseCo.,Ltd.,transferred1,730,300restrictedsharesitheldintheCompany(representing0.29%oftheCompany'stotalsharecapital)tothecontrollingshareholderSIHCforfree.Afterthecompletionofthistransfer,thenumberofsharesheldbySIHCanditsconcertedpartiesincreasedfrom339,452,527shares(representing56.957%oftheCompany'stotalsharecapital)to341,182,827shares(representing
57.247%oftheCompany'stotalsharecapital).
ThefinalcontrolleroftheCompanyisShenzhenState-ownedAssetsSupervisionandAdministrationCommitteeofShenzhenGovernment.Othernotes:
2.SubsidiariesoftheCompany
PleaserefertoNoteX-1fordetailsontheCompany’ssubsidiaries.
3.InformationontheJointVenturesandAssociatedEnterprisesoftheCompany
PleaserefertoNoteX-3fordetailsontheCompany’sjointventuresandassociatedenterprises.Informationonotherjointventureorassociatedenterpriseofoccurringrelated-partytransactionswiththeCompanyinCurrentPeriod,orformingbalanceduetorelated-partytransactionsmadeinpreviousperiod:
| Name | RelationshipwiththeCompany |
Othernotes:
4.InformationonOtherRelatedParties
Othernotes:
| Nameofotherrelatedparty | RelationshipwiththeCompany |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | RelatedpartyofsubsidiaryRongyaoRealEstatebynon-controllinginterests |
| ShenzhenXinhaiHoldingCo.,Ltd. | TheCompanyastheparentofXinhaiRongyaoofsubsidiaryRongyaoRealEstatebynon-controllinginterests |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | SubsidiaryRongyaoRealEstatebynon-controllinginterests |
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | AssociatedenterpriseoftheCompany |
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | JointventureoftheCompany |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | JointventureoftheCompany |
| YangzhouLvfaRealEstateCo.,Ltd. | SubsidiaryYangzhouWuhebynon-controllinginterests |
| GuorenP&C | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenGuaranteeGroupCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenPeople'sCongressCadreTrainingCenter | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenTsinghuaUniversityResearchInstitute | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenzhenShantouSpecialCooperationZoneInvestmentDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenConstructionDevelopment(Group)Company | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenHi-techZoneInvestmentDevelopmentGroupCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenfubao(Group)Co.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentof |
| theCompany | |
| ShenzhenSportsIndustryGroupCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenSportsCenterOperationManagementCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenInfinovaLimited | SubsidiaryoftheCompanyastheparentoftheCompany |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenfubao(Group)Co.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenZHENLightIndustrialProductsIMP.&EXP.Co.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenForeignServiceGroupCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenPropertiesGroup(SPG)LonggangDevelopmentCo.,Ltd. | Sub-subsidiaryoftheCompanyastheparentoftheCompany |
| BusinessApartmentofShenzhenShenfubao(Group)Co.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenSDGServiceCo.,Ltd. | Sub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenCulturalBusinessDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenYitongDigitalTechnologyInnovationDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenEternalAsiaDeepSupplyChainManagementCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenTianjunIndustrialCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ChengduZunxiRealEstateCo.,Ltd. | Parentcompany'ssub-subsidiary |
| DongguanShenzhenInvestmentHoldingsInvestmentDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| GuangdongJianbangGroup(Huiyang)IndustrialCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ChinaKunpengIndustrySourceInnovationCenter(Shenzhen)Co.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenyueUnitedInvestmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenChuangkeDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenPetrelHotelCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShantouBranchofShenzhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenTalentRecruitmentInternationalCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationParkOperationDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenChenglongRealEstateDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenfangChuanqiRealEstateDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShantouSpecialCooperationZoneBranchofShenzhenWaterPlanningandDesignInstituteCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenSpecialZoneLiteratureMagazineCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenInvestmentHoldingsDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenInvestmentBuildingHotelCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenWanchengLogisticsCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenInfinovaSmartParkTechnologyCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenBinjiangIndustrialCo.,Ltd.Parentcompany'ssub-subsidiary司ShenzhenFreeTradeZoneLifeServiceCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenRuleofLawTrainingCenter | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenSouthCertificationCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenInfinovaRenyongInformationCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShantouEconomicSpecialZoneSongshanRealEstateDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShantouHualinRealEstateDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenXingyeLogisticsCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenRepresentativeOfficeofHongKongHaipengDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenTianjunBiotechnologyDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShantouHuafengRealEstateDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenChengjianMingyuanIndustrialCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenShendanZengxinFinancingGuaranteeCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenCityConstructionIndustrialParkDevelopmentCo.,Ltd | Parentcompany'ssub-subsidiary |
| ShenzhenTransportationStationDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
Othernotes:
5.ListofRelated-partyTransactions
(1)InformationonAcquisitionofGoodsandReceptionofLaborService
Informationonacquisitionofgoodsandreceptionoflaborservice
| Relatedparties | Contentoftherelated-partytransaction | Amountforthecurrentperiod | Theapprovaltradecredit | Whetherexceedtradecreditornot | Amountforthepreviousperiod |
| GuorenP&C | Insurance | 2,275,307.59 | 1,647,215.68 | ||
| ShenzhenGuaranteeGroupCo.,Ltd. | Guaranteefee | 51,416.55 | |||
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | Managementservicefee | 1,196,570.00 | 1,262,625.00 | ||
| ShenZHENLightIndustrialProductsIMP.&EXP.Co.,Ltd. | Foodprocurement | 12,484.07 | |||
| ShenzhenPeople'sCongressCadreTrainingCenter | Trainingservicefee | 1,780.00 | |||
| ShenzhenForeignServiceGroupCo.,Ltd. | Outsourcingservicecharges | -521,707.00 | |||
| ShenzhenRuleofLawTrainingCenter | Trainingservicefee | 5,362.00 | 2,070.00 | ||
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | Projectarchitecturaldesignservice | 1,613,278.40 | 10,712,800.00 | No | 2,809,568.52 |
| ShenzhenSouthCertificationCo.,Ltd. | Consultantservicefees | 24,528.30 | |||
| ShenzhenPropertiesGroup(SPG)LonggangDevelopmentCo.,Ltd. | Managementservicefee | 1,082,900.00 | 1,088,750.00 | ||
| BusinessApartmentofShenzhenShenfubao(Group)Co.,Ltd. | Cateringservice | 150,971.00 | 71,780.00 | ||
| ShenzhenSDGServiceCo.,Ltd. | Propertyservicefee | 157,600.22 | 107,804.26 | ||
| ShenzhenTianjunBiotechnologyDevelopmentCo.,Ltd. | Plantmaintenanceservices | 36,394.12 | |||
| ShenzhenCulturalBusinessDevelopmentCo.,Ltd. | Procurementofofficesupplies | 39,055.94 | |||
| ShenzhenYitongDigitalTechnologyInnovationDevelopmentCo.,Ltd. | Foodprocurement | 10,598.23 | |||
| ShenzhenEternalAsiaDeepSupplyChainManagementCo.,Ltd. | Foodprocurement | 41,916.00 |
| ShenzhenTianjunIndustrialCo.,Ltd. | Plantmaintenanceservices | 38,784.00 | |||
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Managementservicefee | 33,571,556.31 | 72,761,800.00 | No | 37,673,707.61 |
| ShenzhenInfinovaRenyongInformationCo.,Ltd. | Intelligentengineeringexpense | 358,900.00 |
ShenzhenShendanCreditEnhancementFinancingGuaranteeCo.,Ltd.
| ShenzhenShendanCreditEnhancementFinancingGuaranteeCo.,Ltd. | Guaranteefee | 268,000.00 | 268,000.00 |
Informationofsalesofgoodsandprovisionoflaborservice
Unit:RMB
| Relatedparties | Contentoftherelated-partytransaction | Amountforthecurrentperiod | Amountforthepreviousperiod |
| ChengduZunxiRealEstateCo.,Ltd. | Propertyservicefee | 2,223,338.17 | |
| DongguanShenzhenInvestmentHoldingsInvestmentDevelopmentCo.,Ltd. | Propertymanagementfee | 534,653.46 | |
| GuangdongJianbangGroup(Huiyang)IndustrialCo.,Ltd. | Propertymanagementfee | 102,532.66 | |
| GUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | Propertymanagementfee | 146,818.20 | 170,719.10 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Projectpayment | 16,525,863.74 | 23,027,002.91 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 5,417,208.86 | 7,099,846.48 |
| ChinaKunpengIndustrySourceInnovationCenter(Shenzhen)Co.,Ltd. | Propertyservicefee | 1,714,806.48 | 687,677.12 |
| ShantouEconomicSpecialZoneSongshanRealEstateDevelopmentCo.,Ltd. | Propertyservicefee | 275.48 | |
| ShantouHuafengRealEstateDevelopmentCo.,Ltd. | Propertyservicefee | 1,091,534.24 | 1,167,500.69 |
| ShantouHualinRealEstateDevelopmentCo.,Ltd. | Propertyservicefee | 696.48 | 1,761.75 |
| ShenyueUnitedInvestmentCo.,Ltd. | Propertyservicefee | 800,554.13 | 406,380.98 |
| ShenzhenChuangkeDevelopmentCo.,Ltd. | Propertyservicefee | 3,092,240.94 | |
| ShenzhenGuaranteeGroupCo.,Ltd. | Propertyservicefee | 2,103,449.60 | 2,084,729.13 |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Propertyservicefee | 1,695,109.40 | 1,404,545.54 |
| ShenzhenPetrelHotelCo.,Ltd. | Propertyservicefee | 226,415.10 | 150,943.40 |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | Propertyservicefee | 4,778,241.97 | 2,887,224.43 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | Propertyservicefee | 16,981.15 | 16,981.15 |
| ShantouBranchofShenzhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | Propertyservicefee | 36.65 | 219.45 |
| ShenzhenTalentRecruitmentInternationalCo.,Ltd. | Propertyservicefee | 222,414.19 | 186,707.86 |
| ShenzhenTsinghuaUniversityResearchInstitute | Propertyservicefee | 962,608.12 | 497,261.99 |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | Propertyservicefee | 243,416.94 | 1,469,106.86 |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationParkOperationDevelopmentCo.,Ltd. | Propertyservicefee | 2,471,616.94 | |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | Propertyservicefee | 1,065,752.34 | 531,066.72 |
| ShenzhenShenzhenShantouSpecialCooperationZoneHoldingsInvestmentDevelopmentCo.,Ltd | Propertyservicefee | 762,372.50 | |
| ShenzhenChenglongRealEstateDevelopmentCo.,Ltd. | Propertyservicefee | 980,136.02 | |
| ShenzhenConstructionDevelopment(Group)Company | Propertyservicefee | 171,179.25 | 85,617.92 |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Projectpayment | -200,350.40 | 232,110.15 |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Propertyservicefee | 37,938.18 | |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Projectpayment | 226,360.71 | 4,954.72 |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Propertyservicefee | 36,566.00 | |
| ShenzhenHi-techZoneInvestmentDevelopmentGroupCo.,Ltd. | Propertyservicefee | 42,831.14 | |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | Supervisionservicefee | 42,452.83 | |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | Projectpayment | 2,806,796.62 | 90,016.79 |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | Propertyservicefee | 23,551.39 | 3,031,960.52 |
| ShenzhenSouthCertificationCo.,Ltd. | Propertyservicefee | 37,106.60 | 30,931.60 |
| ShenzhenShenfangChuanqiRealEstateDevelopmentCo.,Ltd. | Propertyservicefee | 121,671.63 | |
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopmentCo.,Ltd. | Projectpayment | 439,593.56 | 46,550.75 |
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 3,570,373.42 | 800,000.00 |
| ShenzhenShenfubao(Group)Co., | Projectpayment | -34,053.53 | 2,538,287.16 |
| Ltd. | |||
| ShenzhenShenfubao(Group)Co.,Ltd. | Propertyservicefee | 2,399,905.59 | 1,626,536.11 |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Projectpayment | -0.77 | |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 355,483.29 | 78,872.95 |
| ShenzhenShantouSpecialCooperationZoneBranchofShenzhenWaterPlanningandDesignInstituteCo.,Ltd. | Propertyservicefee | 8,803.02 | 11,025.00 |
| ShenzhenSpecialZoneLiteratureMagazineCo.,Ltd. | Propertyservicefee | 25,692.48 | 25,692.48 |
| ShenzhenSportsIndustryGroupCo.,Ltd. | Projectpayment | 3,696,271.96 | |
| ShenzhenSportsCenterOperationManagementCo.,Ltd. | Propertyservicefee | 2,911,025.40 | 2,224,191.34 |
| ShenzhenInvestmentHoldingsDevelopmentCo.,Ltd. | Propertyservicefee | 44,752.26 | 56,628.61 |
| ShenzhenInvestmentBuildingHotelCo.,Ltd. | Propertyservicefee | 35,377.36 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Projectpayment | 2,610,770.25 | 352,220.28 |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Propertyservicefee | 3,297,675.84 | 9,312,740.96 |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | Propertyservicefee | 5,408,353.56 | |
| ShenzhenWanchengLogisticsCo.,Ltd. | Projectpayment | 93,868.93 | |
| ShenzhenCulturalBusinessDevelopmentCo.,Ltd. | Propertyservicefee | 184,485.66 | 187,580.44 |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd.司 | Propertyservicefee | 141,509.43 | 184,818.24 |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Propertyservicefee | 94,339.64 | 117,789.97 |
| ShenzhenXingyeLogisticsCo.,Ltd. | Propertyservicefee | 22,018.35 | 5,504.59 |
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | Propertyservicefee | 275,854.88 | 284,223.66 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Propertyservicefee | 38,213,750.15 | 27,614,705.64 |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | Propertyservicefee | 1,012,766.59 | 1,113,311.43 |
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | Projectpayment | 699,857.70 | |
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | Propertyservicefee | 1,189,376.02 | 1,468,973.08 |
| ShenzhenInfinovaLimited | Propertyservicefee | 88,556.50 | 207,342.68 |
| ShenzhenInfinovaSmartParkTechnologyCo.,Ltd. | Propertyservicefee | 241,101.89 | 143,838.00 |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Propertyservicefee | 1,793,710.72 | 1,337,989.45 |
| ChinaShenzhenForeignTrade | Propertyservicefee | 332,075.47 |
| (Group)Corp.Ltd. | ||
| SubordinateenterprisesofSZITC | Cateringservices | 32,515.83 |
NotestoacquisitionofgoodsandreceptionoflaborserviceInthefirsthalfof2024,thecateringservicebusinesswithSIHCandanumberofitssubsidiarieswaspresentedonaconsolidatedbasisunderthecaliberof"SIHCanditssubsidiaries"duetothelargenumberofpartiesinvolvedandthesmallamountoftransactionswithasinglerelatedparty,whichdidnotmeetthecriteriaforseparatedisclosure.
(2)InformationonRelated-partyTrusteeship/ContractListsoftrusteeship/contractoftheCompany:
Unit:RMB
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | IncomerecognizedinthisCurrentPeriod |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | ShenZhenProperties&ResourcesDevelopment(Group)Ltd. | Investmentproperty | 6November2019 | 5November2025 | Marketpricing | 32,454,947.96 |
| ShenzhenShenfubao(Group)Co.,Ltd. | ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Property | 1January2024 | 31December2024 | Marketpricing | 1,276,500.75 |
Notes:
Listsofentrust/contractee
Unit:RMB
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | Chargerecognizedinthiscurrentperiod |
Notes:
(3)InformationonRelated-partyLease
TheCompanywaslessor:
Unit:RMB
| Nameoflessee | Categoryofleasedassets | Theleaseincomeconfirmedinthecurrentperiod | Theleaseincomeconfirmedinthepreviousperiod |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Investmentproperty | 656,167.79 | |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Investmentproperty | 906,136.48 |
TheCompanywaslessee:
Unit:RMB
| Nameoflessor | Categoryofleasedassets | Rentalexpenseofsimplifiedshort-termleasesandlow-valueassetleases(ifapplicable) | Variableleasepaymentsthatarenotcoveredinthemeasurementoftheleaseliabilities(ifapplicable) | Rentpayable | Interestexpenseonleaseliabilitiesborne | Addedright-of-useassets | |||||
| Amountforthecurrentperiod | Amountforthepreviousperiod | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountforthecurrentperiod | Amountforthepreviousperiod | ||
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | Investmentproperty | 422,452.50 | 341,790.05 | 17,628.97 | 32,655.78 | |||
| ShenzhenPetrelHotelCo.,Ltd. | Investmentproperty | 20,784.00 | 24,048.77 | |||||
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Investmentproperty | 49,392.00 | 494.86 | |||||
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Investmentproperty | 7,381.56 | ||||||
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | Investmentproperty | 111,000.00 | 104,000.00 | 330,000.00 | 330,000.00 | 29,737.26 | 44,091.30 | |
| ShenzhenRepresentativeOfficeofHongKongHaipengDevelopmentCo.,Ltd. | Investmentproperty | 48,130.74 | ||||||
| ShenzhenShenfubao(Group)Co.,Ltd. | Investmentproperty | 231,660.00 | 23,658.06 | |||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | Investmentproperty | 207,897.68 | 366,420.74 | 1,494,226.98 | 1,992,302.64 | 48,728.57 | 85,771.97 | |
| ShenzhenBinjiangIndustryCo.,Ltd. | Investmentproperty | 140,092.20 |
Notes:
(4)InformationonRelated-partyGuarantee
TheCompanywasguarantor:
Unit:RMB
| Securedparty | Amountofguarantee | Startdate | Enddate | Executionaccomplishedornot |
TheCompanywassecuredparty
Unit:RMB
| Guarantor: | Amountofguarantee | Startdate | Enddate | Executionaccomplishedornot |
| ShenzhenShendanZengxinFinancingGuaranteeCo.,Ltd. | 16,750,000.00 | 29March2022 | 28March2025 | No |
| ShenzhenShendan | 36,850,000.00 | 29March2022 | 28March2026 | No |
| ZengxinFinancingGuaranteeCo.,Ltd. | ||||
| ShenzhenShendanZengxinFinancingGuaranteeCo.,Ltd. | 13,400,000.00 | 29March2022 | 29March2027 | No |
| ShenzhenGuaranteeGroupCo.,Ltd. | 1,684,498.43 | 29December2023 | 29December2024 | No |
| ShenzhenGuaranteeGroupCo.,Ltd. | 2,732,954.09 | 15January2024 | 15January2025 | No |
| ShenzhenGuaranteeGroupCo.,Ltd. | 1,478,768.65 | 19March2024 | 19March2025 | No |
| ShenzhenGuaranteeGroupCo.,Ltd. | 577,739.49 | 6June2024 | 6December2024 | No |
Notes:
(5)InformationonInter-bankLendingofCapitalofRelatedParties
Unit:RMB
| Relatedparties | Amount | Startdate | Maturitydate | Note |
| Borrowing | ||||
| Lending | ||||
(6)InformationonAssetsTransferandDebtRestructuringbyRelatedParty
Unit:RMB
| Relatedparties | Contentoftherelated-partytransaction | Amountforthecurrentperiod | Amountforthepreviousperiod |
(7)InformationonRemunerationforKeyManagementPersonnel
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Remunerationforkeymanagementpersonnel | 5,156,684.67 | 5,467,228.36 |
(8)OtherRelated-partyTransactions
6.AccountsReceivableandPayableofRelatedParty
(1)AccountsReceivable
Unit:RMB
| Projectname | Relatedparties | Endingbalance | Beginningbalance | ||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | ||
| Accountsreceivable | DongguanShenzhenInvestmentHoldingsInvestmentDevelopmentCo.,Ltd. | 2,324,025.19 | 115,674.56 | 1,784,025.19 | 88,796.94 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 27,020,636.86 | 810,619.08 | 27,085,777.03 | 812,573.31 | |
| ChinaKunpengIndustrySourceInnovationCenter(Shenzhen)Co.,Ltd. | 121,689.15 | 3,650.67 | |||
| ShantouHuafengRealEstateDevelopmentCo.,Ltd. | 181,161.35 | 5,434.84 | |||
| ShantouHualinRealEstateDevelopmentCo.,Ltd. | 135,808.72 | 13,580.80 | 135,808.72 | 13,580.80 | |
| ShenyueUnitedInvestmentCo.,Ltd. | 2,798,407.18 | 83,952.22 | 4,407,622.21 | 240,783.73 | |
| ShenzhenChuangkeDevelopmentCo.,Ltd. | 2,957,960.55 | 88,738.82 | 1,607,922.88 | 48,237.69 | |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 3,786,443.33 | 284,287.20 | 2,753,626.63 | 253,302.70 |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | 1,876,831.00 | 70,175.93 | 1,918,835.40 | 71,436.06 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | 6,672,620.68 | 947,190.12 | 12,659,861.03 | 2,147,549.43 |
| ShenzhenTalentRecruitmentInternationalCo.,Ltd. | 126,622.67 | 3,798.68 | ||
| ShenzhenTsinghuaUniversityResearchInstitute | 136,129.80 | 4,083.89 | 57,574.31 | 1,727.23 |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | 298,022.27 | 8,940.67 | 371,864.45 | 11,155.93 |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationParkOperationDevelopmentCo.,Ltd. | 5,281,880.07 | 158,456.40 | 3,342,750.39 | 100,282.51 |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | 489,253.03 | 14,677.59 | 372,253.03 | 11,167.59 |
| ShenzhenShenzhenShantouSpecialCooperationZoneSIHCInvestmentDevelopmentCo.,Ltd. | 508,084.64 | 15,242.54 | ||
| ShenzhenCityConstructionIndustrialParkDevelopmentCo.，Ltd. | 391,346.42 | 11,740.39 | ||
| ShenzhenChenglongRealEstateDevelopmentCo,Ltd. | 147,980.38 | 7,369.42 | 395,685.75 | 11,870.57 |
| ShenzhenConstructionDevelopment(Group)Company | 41,171.22 | 1,235.14 | ||
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | 349,746.22 | 52,000.00 | 480,229.65 | 64,846.89 |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | 42,352.90 | 1,270.59 | 5,365.01 | 160.95 |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | 2,128,762.89 | 64,980.12 | 1,653,450.97 | 63,121.44 |
| ShenzhenTransportationStationDevelopmentCo.,Ltd. | 6,451.19 | 193.54 | 5.51 | 0.17 |
| ShenzhenSouthCertificationCo.,Ltd. | 15,808.72 | 474.26 | ||
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopmentCo.,Ltd. | 2,043,609.38 | 134,122.58 | 1,604,015.82 | 66,998.26 |
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | 4,134,849.16 | 181,847.07 | 3,255,544.36 | 155,467.93 |
| ShenzhenShenfubao(Group)Co.,Ltd. | 2,215,650.16 | 19,924.14 | 2,567,475.48 | 77,024.27 |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 6,129,911.77 | 183,897.35 | 2,378,435.98 | 71,353.08 |
| ShenzhenSpecialZoneLiteratureMagazineCo.,Ltd. | 22,695.00 | 680.85 | ||
| ShenzhenSportsIndustryGroupCo.,Ltd. | 1,235,721.50 | 37,071.64 | ||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 6,979,106.37 | 184,380.20 | 4,131,697.18 | 144,179.32 |
| ShenzhenCulturalBusinessDevelopmentCo.,Ltd. | 158,059.97 | 4,741.80 | 935.08 | 28.05 |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 570,316.88 | 17,109.51 | ||
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | 104,285.08 | 3,128.55 | 156,427.62 | 4,692.83 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 77,173,432.43 | 4,714,641.89 | 137,865,750.97 | 7,568,725.60 |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 201,518.77 | 6,045.56 | ||
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | 273,960.81 | 6,743.19 | 992,580.20 | 29,777.41 |
| ShenzhenInfinovaLimited | 4,030.40 | 120.91 | ||
| ShenzhenInfinovaSmartParkTechnologyCo.,Ltd. | 1,166,730.00 | 35,001.90 | 1,493,000.00 | 44,790.00 |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | 269,951.59 | 8,098.55 | 24,500.00 | 6,600.00 | |
| Total | 159,623,594.64 | 8,278,340.23 | 214,402,451.91 | 12,137,213.62 | |
| Contractassets | HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 396,484.75 | 361,513.73 | ||
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | 118,043.22 | 231,455.46 | |||
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | 26,457.15 | ||||
| ShenzhenShenfubao(Group)Co.,Ltd. | 43,500.00 | 43,500.00 | |||
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | 14,704.85 | ||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 133,597.44 | 133,597.44 | |||
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | 14,806.94 | 14,806.94 | |||
| ShenzhenUrbanConstructionMingyuanIndustrialCo.,Ltd. | 18,450.00 | 18,450.00 | |||
| Total | 724,882.35 | 844,485.57 | |||
| Otherreceivables | ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 53,071.46 | 7,105.54 | 167,086.43 | 10,525.99 |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | 1,000.00 | 1,000.00 | |||
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | 100,000.00 | 30,000.00 | 100,000.00 | 30,000.00 | |
| ShenzhenBinjiangIndustryCo.,Ltd. | 49,397.40 | 548.79 | 10,000.00 | 300.00 | |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | 102,583.54 | 10,258.35 | 102,583.54 | 3,258.35 | |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd.1 | 10,720,575.27 | 321,617.26 | 10,720,575.27 | 321,617.26 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | 81,264.60 | 2,437.94 | 81,264.60 | 2,437.94 | |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | 350,000.00 | 35,000.00 | 350,000.00 | 10,500.00 | |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 81,233.00 | 81,233.00 | 81,233.00 | 81,233.00 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 685,740.90 | 278,254.03 | 685,740.90 | 157,127.32 | |
| ShenzhenXinhaiHoldingCo.,Ltd. | 201,499,990.18 | 6,044,999.71 | 201,499,990.18 | 6,044,999.71 | |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | 375,068,984.55 | 11,252,069.54 | 375,068,984.55 | 11,252,069.54 | |
| ShenzhenTianjunIndustrialCo.,Ltd. | 10,000,000.00 | 10,000,000.00 | |||
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 1,765,397.26 | 52,961.92 | 10,065,313.75 | 301,959.41 | |
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 1,747,264.25 | 1,747,264.25 | 1,747,264.25 | 1,747,264.25 | |
| ShenzhenRepresentativeOfficeofHongKongHaipengDevelopmentCo.,Ltd. | 24,065.37 | 264.72 | |||
| Total | 602,330,567.78 | 19,864,015.05 | 610,681,036.47 | 19,963,292.77 |
(2)AccountsPayable
Unit:RMB
| Projectname | Relatedparties | Endingcarryingamount | Beginningcarryingamount |
| Accountspayable | ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | 1,545,793.00 | 2,102,761.00 |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd.1 | 7,126,060.00 | 8,126,060.00 | |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 872,687.37 | 889,007.87 | |
| ShenzhenSDGServiceCo.,Ltd. | 792,860.00 | 564,288.00 |
| Total | 10,337,400.37 | 11,682,116.87 | |
| Otherpayables | ShenzhenGuaranteeGroupCo.,Ltd. | 1,494,841.29 | 1,494,841.29 |
| ShenzhenTalentRecruitmentInternationalCo.,Ltd. | 147,132.37 | 147,132.37 | |
| ShenzhenFreeTradeZoneLifeServiceCo.,Ltd. | 4,850.00 | 4,850.00 | |
| ShenzhenConstructionDevelopment(Group)Company | 152,227.00 | 152,227.00 | |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | 63,177.80 | 31,218.60 | |
| ShenzhenSouthCertificationCo.,Ltd. | 34,002.15 | 34,002.15 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | 3,367,322.90 | 2,863,523.56 | |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | 158,726.83 | 117,693.11 | |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 8,831,047.61 | 8,621,679.48 | |
| ShenzhenCulturalBusinessDevelopmentCo.,Ltd. | 773,680.00 | 773,680.00 | |
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | 5,214,345.90 | 5,214,345.90 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 85,222,136.56 | 143,003,641.12 | |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 360,752.18 | 360,752.18 | |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 42,296,665.14 | 42,296,665.14 | |
| ShenzhenInfinovaLimited | 144,219.02 | 144,219.02 | |
| YangzhouLvfaRealEstateCo.,Ltd. | 355,481,082.79 | 369,623,672.79 | |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | 101,850.10 | ||
| Total | 503,848,059.64 | 574,884,143.71 |
Note1:TheotherreceivablesoftheCompanytoShenzhenQianhaiAdvancedInformationServiceCo.,Ltd.(hereinafterreferredtoas“QianhaiAdvanced”)areadvancemoneypaidinadvanceduetothedemolitionofGuanlanBanglingProject.AccordingtothejointandseveralguaranteecommitmentlettersignedbyShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.,XinhaiRongyaoisjointlyandseverallyliableforthetaxandinterestadvancedbytheCompany.Outofprudence,theCompany'stransactionstoQianhaiAdvancedaredisclosed.
7.CommitmentsofRelatedParty
8.Other
XV.Share-basedPayment
1.TheOverallSituationofShare-basedPayments
□Applicable?Notapplicable
2.Equity-settledShare-basedPayments
□Applicable?Notapplicable
3.Cash-settledShare-basedPayments
□Applicable?Notapplicable
4.Share-BasedPaymentExpensesforthePeriod
□Applicable?Notapplicable
5.ModificationandTerminationofShare-basedPayment
6.Other
XVI.CommitmentsandContingency
1.SignificantCommitmentsSignificantcommitmentsonbalancesheetdateSignedlargeamountcontractunderperformingortobeperformed
| Item | AmountofCurrentPeriod | Sameperiodoflastyear |
| Commitmentssignedbuthasn’tbeenrecognizedinlargeamount | 3,047,663,480.31 | 2,132,088,014.66 |
2.Contingency
(1)SignificantContingencyonBalanceSheetDate
(1)TheactionabouttransferringJiabinBuildingcontentiousmatterIn1993,theCompanysignedRightofDevelopmentTransferContractofJiabinBuildingwithShenzhenJiyongPropertyDevelopmentCo.,Ltd.(hereinafterreferredtoas“JiyongCompany”).Sincethecontractwasnoteffectivelyexecuted,theCompanysubsequentlyfiledaseriesoflawsuitsagainstthepartiesinvolvedintheproject,buttheoutcomewasnotfavorabletotheCompany.Therefore,theCompanycalculatedandwithdrewbad-debtprovisionsforaccountsreceivablefromJiyongCompanyinfullinpastyearsforthetransferofJiabinBuilding.OnOctober31,2018,ShenzhenIntermediatePeople’sCourtmadeacivilawardandruledthattheCompany’sapplicationforthebankruptcyofJiyongCompanywouldnotbeaccepted.TheCompanyappealedagainsttheruling.OnApril29,2019,theGuangdongProvincialHigherPeople'sCourtruledtorejecttheCompany'sappealandmaintaintheoriginalruling.Asoftheissuancedateofthereport,thereisnonewprogressinthecase.
(2)ThearbitrationcaseofpropertycontractdisputeofSoftwareParkPhaseIbetweentheFourthOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark(Applicant)andShenzhenITCTechnologyParkServiceCo.,Ltd.(Respondent1,hereinafterreferredtoasthe"ITCTechnologyParkCompany"),plustheHigh-techZoneBranchofShenzhenITCTechnologyParkServiceCo.,Ltd.(Respondent2,hereinafterreferredtoasthe"High-techZoneBranch")InFebruaryandMarch2021,theHigh-techZoneBranchandtheITCTechnologyParkCompanyreceivedarbitrationnoticesrespectivelyofthecase[2021]ShenguozhongshouNo.541and[2021]ShenguozhongshouNo.1063.TheFourthOwners'CommitteeofShenzhenNanshanDistrictSoftwareParkappliedforthefollowingaward:Respondent1shallreturnRMB9,893,677.82andfundoccupationfeeofRMB3,272,665.99(temporarilycalculatedfromJuly1,2012toJanuary31,2021),totalingRMB13,166,343.81;respondent1shallbeartheattorney'sfeeofRMB30,000.00;respondent2shallreturnRMB31,077,017.59andRMB635,929.44offundoccupationfee(temporarilycalculatedfromJuly1,2020toJanuary31,2021),totalingRMB31,712,947.03;respondent2shallbeartheattorney'sfeeofRMB30,000.00.ThetotalamountoftheaboveisRMB45,209,290.84.OnAugust21,2022,theArbitrationTribunalheldthesecondhearingtoinquireabouttheauditreportissuedbythethird-partyauditorandthedetailsofthecase,onSeptember5,2022,Jun&PartnersrespondedtotheSpecialAuditReportofCaseNo.541andCaseNo.1063.On23Marchand24March2023,twoarbitrationawardswerereceivedrespectively,andaccordingtotheconclusionofarbitrationawards,theHigh-techZoneBranchshouldreturnapproximatelyRMB540,000ofpublicrevenuetotheOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark(inspiteofRMB32millionrequestedbytheOwners'Committee);inregardtothearbitrationcasebetweentheITCTechnologyParkCompanyandtheOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark,allrequestsofthelatterhavebeenrejectedbythearbitrationtribunal(inspiteofRMB13millionrequestedbytheOwners'Committee).
(3)LitigationcaseaboutShenzhenBasepointIntelligentCo.,Ltd.On20August2017,ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.signedaSoftwareServiceContractwithChinaMerchantsPropertyIntelligentFacilityManagementPlatform.ThecompanyprocuredaRMB3millionfacilitymanagement
systemfromBasepointfortheproject(31items).Duringdeliveryoftheproject,only11itemsofthesystemdeliveredbyBasepointpassedtheacceptanceinspection,leavingthefulldeliveryunfinished.Therefore,theCompanyfailedtoreachaconsensuswithBasepointonpayment,andthelattersuedtheCompanyin2021,makingRMB3millionoftheCompany'sfundlockedup.Accordingtothejudgmentoffirstinstanceon10August2022,theCompanyshouldcompensateRMB3milliontoBasepoint.TheCompanyrefusedtoacceptthefirstinstancejudgmentandinstitutedanappealforsecondinstancein2022.Thesecondinstancewasheardon11August2023,andisawaitingjudgment.TheShenzhenIntermediatePeople'sCourtruledonApril19,2024thatthecaseshouldberemandedtotheFutianDistrictPeople'sCourtforretrial,andtheretrialisnowinprogress.
(4)ArbitrationcaseconcerningcivilloandisputeofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.DuetoXinhaiRongyaoandXinhaiHolding'sfailuretorepayprincipalandinteresttoRongyaoRealEstateonschedule,RongyaoRealEstatehasappliedtotheShenzhenCourtofInternationalArbitrationforarbitration.ThearbitralawardordersXinhaiRongyaoandXinhaiHoldingtorepayRongyaoRealEstatethefullloanprincipalofRMB671,913,800andcorrespondinginterest(atanannualinterestrateof11%,calculatedbasedontheprincipalamountofRMB671,913,800yuanfrom4August2022untilthefullrepaymentoftheloan;provisionallyamountingtoRMB49,068,400).TheawardfurtherdecidesthatXinhaiInvestment,UrbanConstructionPropertyServiceCompany,LianghongIndustry,andTianchengInvestmentshallbearjointandseveralliabilityfortheobligationsandresponsibilitiesofXinhaiRongyaoandXinhaiHoldingunderthefirstarbitrationclaim.ItalsodecreesthatallrespondentsshallbeartheattorneyfeesofRMB1.2millionpaidbyRongyaoRealEstate.Lastly,theawardrequiresallrespondentstocoverthefullarbitrationcostsandpropertypreservationexpensesofthiscase.TheprovisionaltotalamountowedcurrentlystandsatRMB722,182,200.Thecasehasproceededtothestageofappointmentofarbitratorswhowillconstitutethearbitrationtribunal.Subsequently,therespondentinitiatedaproceedingattheShenzhenIntermediatePeople'sCourtseekingconfirmationofthevalidityofthearbitrationagreement,resultingintheArbitrationInstitutetemporarilysuspendingitshearingofthecase.On27December2023,theShenzhenIntermediatePeople'sCourtconductedahearingonthecaseofconfirmingthevalidityofthearbitrationagreement.On26February2024,theShenzhenIntermediatePeople'sCourtmadearuling,rejectingtheapplicationmadebyXinhaiHoldingtoconfirmthevalidityofthearbitrationagreement.On29July2024,RongyaoRealEstatereceivedtheShenzhenCourtofInternationalArbitration'sNoticeofResumptionofArbitrationProcedure[(2023)ShenguozhongshouNo.2970-10],whichshowedthatinviewofthefactthattheShenzhenIntermediatePeople'sCourtofGuangdongProvincehadmadetheCivilRuling([2023]Yue03MinteNo.1308),rejectingtherespondent'sapplicationtoconfirmtheinvalidityofthearbitrationagreement,thecourtofarbitrationbelievedthatthereasonforsuspendingthearbitrationprocedurehaddisappearedanddecidedtoresumethearbitrationprocedureinthiscase.
(5)ArbitrationcaseconcerningequitytransferdisputeofShenZhenProperties&ResourcesDevelopment(Group)Ltd.DuetothefailureofXinhaiRongyaotopaycompensationforinvestmentlossestoShenzhenPropertyGroupasagreed,ShenzhenPropertyGrouphasappliedtotheShenzhenCourtofInternationalArbitrationforarbitration.ItwasruledthatXinhaiRongyaomustpayRMB170,556,833.33toShenzhenPropertyGroupascompensationforinvestmentloss;thatSichuanTrustdoesnotlegallypossessthe1%equityinterestregisteredinitsnameinShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.AndthatXinhaiRongyaoistheactualownerofthis1%equityinterest;thatXinhaiRongyaomustpledgeandregisteritsactually-held31%equityinterestinShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.toShenzhenPropertyGroup;thatSichuanTrustmustcooperateinfacilitatingtheregistrationproceduresforthepledgeoftheaforementioned1%equityinterestinShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.;thatbothXinhaiRongyaoandSichuanTrustmustbearthelegalfeesofRMB780,000incurredbyShenzhenPropertyGroup;thatXinhaiRongyaoandSichuanTrustmustcoverallarbitrationcostsandpropertypreservationexpensesinthiscase.TheprovisionaltotalamountinvolvedintheserulingsamountstoRMB171,336,833.33.Thecasehasproceededtothestageofappointmentofarbitratorswhowillconstitutethearbitrationtribunal.TherespondentfiledacasetoconfirmthevalidityofthearbitrationagreementwiththeShenzhenIntermediatePeople'sCourtinAugustthisyear,causingthecourtofarbitrationtotemporarilysuspendthetrialofthecase.TheShenzhenIntermediatePeople'sCourthasrejectedtheotherparty'sapplication,andthecasewasheardattheShenzhenCourtofInternationalArbitrationon14December2023.On12April2024,wereceivedthearbitrationaward,whichruledthatXinhaiRongyaoshouldpayRMB50millionininvestmentlosscompensationtoSZPRD;XinhaiRongyaomustpledgeandregisterits30%equityinterestinRongyaoRealEstatetoSZPRD;XinhaiRongyaocompensatesSZPRDforlawyerfeesofRMB150,000,preservationfeesofRMB3,000,preservationinsurancefeesofRMB41,120.84,andarbitrationfeeofRMB658,188.60.Therespondentfailedtofulfilltheawardagreementontime,andwehaveappliedforenforcementandhavepledged30%oftheequityinterestheldbyXinhaiRongyaotoShenzhenPropertyGroup.
(6)Asarealestatedeveloper,theCompanyprovidesmortgageloanguaranteesandpaysloandepositsforcommercialhousingpurchasersaccordingtotheoperationpracticeoftherealestateindustry.By30June2024,thebalanceofthedepositnotdischargedwithguaranteewasRMB1,134,757.40,whichwouldbedischargedwhenthemortgageloansarepaidoff.Asarealestatedeveloper,theCompanyprovidesmortgageloanguaranteesforcommercialhousingpurchasersaccordingtotheoperationpracticeoftherealestateindustry.By30June2024,thebalanceofthedepositnotdischargedwithguaranteewasRMB335,272,511.16,whichwouldbedischargedwhenthemortgageloansarepaidoff.
(2)ExplanationshallbegivenevenifthereisnosignificantcontingencyfortheCompanytodisclose
TherewasnosignificantcontingencyintheCompanytodisclose.
3.OthersXVII.EventsafterBalanceSheetDate
1.SignificantNon-adjustmentMatters
Unit:RMB
| Item | Contents | Influencenumbertothefinancialpositionandoperatingresults | Reasonofinabilitytoestimateinfluencenumber |
2.DistributionofProfit
3.SalesReturn
4.NotestoOtherEventsafterBalanceSheetDateXVIII.OtherSignificantMatters
1.TheAccountingErrorsCorrectioninPreviousPeriod
(1)RetrospectiveRestatement
Unit:RMB
| Content | Processingprogram | Nameoftheinfluencedreportitemsduringcomparisonperiod | Accumulativeimpact |
(2)ProspectiveApplication
| Content | Processingprogram | Reasonforadoptingprospectiveapplication |
2.DebtRestructuring
3.AssetsReplacement
(1)Non-monetaryAssetsExchange
(2)OtherAssetsReplacement
4.PensionPlans
5.DiscontinuedOperations
Unit:RMB
| Item | Revenue | Costs | Totalprofit | Incometaxexpense | Netprofit | ProfitfromdiscontinuedoperationsattributabletoownersoftheCompanyastheparent |
Othernotes:
6.SegmentInformation
(1)DeterminationBasisandAccountingPoliciesofReportableSegmentInaccordancewiththeinternalorganizationstructure,managementrequirementsandinternalreportsystem,theCompanyidentifiesthereportablesegmentbasedonthebusinesssegment,andassessestheoperationalperformanceofrealestatesales,propertymanagementandleaseservice.Theassetsandliabilitiessharingwithothersegmentsshallbeproportionallydistributedamongsegmentsbyscales.
(2)TheFinancialInformationofReportableSegment
Unit:RMB
| Item | Realestatebusiness | Propertymanagement | Houseleasingbusiness | Offsetamongsegment | Total |
| OperatingRevenue | 13,841,686.40 | 771,525,962.31 | 70,660,796.54 | 856,028,445.25 | |
| Operatingcost | 4,621,045.97 | 621,695,503.76 | 42,774,922.45 | 669,091,472.18 | |
| Totalassets | 14,246,551,569.13 | 1,823,014,009.48 | 589,096,694.94 | 16,658,662,273.55 | |
| Totalliabilities | 10,661,488,230.89 | 1,361,475,949.99 | 116,652,207.49 | 12,139,616,388.37 |
(3)IfthereWasnoReportableSegment,ortheTotalAmountofAssetsandLiabilitiesofEachReportableSegmentCouldnotBeReported,RelevantReasonsShallBeClearlyStated
(4)Othernotes
7.OtherSignificantTransactionsandEventswithInfluenceonInvestors’Decision-making
8.OtherXIX.NotesofMainItemsintheFinancialStatementsoftheCompanyastheParent
1.AccountsReceivable
(1)DisclosurebyAging
Unit:RMB
| Aging | Endingcarryingamount | Beginningcarryingamount |
| Withinoneyear(including1year) | 17,709,084.58 | 123,156,033.99 |
| Onetotwoyears | 109,428,686.37 | 1,024,931.55 |
| Twotothreeyears | 28,440.00 | 716,023.90 |
| Morethanthreeyears | 96,923,486.35 | 96,824,380.44 |
| Threetofouryears | 9,756.00 | 9,756.09 |
| Fourtofiveyears | 211,460.95 | 112,354.95 |
| Over5years | 96,702,269.40 | 96,702,269.40 |
| Total | 224,089,697.30 | 221,721,369.88 |
(2)DisclosurebyWithdrawalMethodsforBadDebts
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| AccountsreceivablewithdrawalofBaddebtprovisionseparatelyaccrued | 98,246,909.94 | 43.84% | 98,246,909.94 | 100.00% | 0.00 | 98,246,909.94 | 44.31% | 98,246,909.94 | 100.00% | 0.00 |
| Ofwhich: | ||||||||||
| Accountsreceivablewithdrawalofbaddebtprovisionofbygroup | 125,842,787.36 | 56.16% | 11,246,607.41 | 8.94% | 114,596,179.95 | 123,474,459.94 | 55.69% | 3,445,301.16 | 2.79% | 120,029,158.78 |
| Ofwhich: | ||||||||||
| Total | 224,089,697.30 | 100.00% | 109,493,517.35 | 48.86% | 114,596,179.95 | 221,721,369.88 | 100.00% | 101,692,211.10 | 45.86% | 120,029,158.78 |
Categorynameofbaddebtprovisionseparatelyaccrued:Accountsreceivablewithdrawalofbaddebtprovisionseparatelyaccrued
Unit:RMB
| Name | Beginningbalance | Endingbalance | ||||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93,811,328.05 | 93,811,328.05 | 93,811,328.05 | 100.00% | Involvedinlawsuitandunrecoverable |
| LuohuDistrictEconomicDevelopmentCompany | 54,380.35 | 54,380.35 | 54,380.35 | 54,380.35 | 100.00% | Longagingandexpectedunrecoverable |
| ShenzhenTeweiIndustryCo.,Ltd.(ChenhuiBuilding) | 2,836,561.00 | 2,836,561.00 | 2,836,561.00 | 2,836,561.00 | 100.00% | Longagingandexpectedunrecoverable |
| Individuallyimmaterialbutindividuallyprovidedforbaddebts | 1,544,640.54 | 1,544,640.54 | 1,544,640.54 | 1,544,640.54 | 100.00% | Involvedinlawsuitandunrecoverable |
| Total | 98,246,909.94 | 98,246,909.94 | 98,246,909.94 | 98,246,909.94 | ||
Categorynameofwithdrawalofbaddebtprovisionbygroup:Accountsreceivablewithdrawalofbaddebtprovisionbytheportfolioofcreditriskfeatures
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Portfolioofcreditriskfeatures | 113,717,010.23 | 11,246,607.41 | 9.89% |
| Governmentportfolio | 12,125,777.13 | ||
| Total | 125,842,787.36 | 11,246,607.41 | |
Notestothedeterminationbasisforthegroup:
Ifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable:
□Applicable?Notapplicable
(3)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
| Baddebtprovisionaccruedbyitem | 98,246,909.94 | 98,246,909.94 | ||||
| Withdrawalofbaddebtprovisionbygroup | 3,445,301.16 | 7,801,306.24 | 11,246,607.41 | |||
| Total | 101,692,211.10 | 7,801,306.24 | 109,493,517.35 | |||
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionofbaddebtprovision |
(4)AccountsReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantaccountsreceivable:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverificationofaccountsreceivable:
(5)Top5oftheEndingBalanceoftheAccountsReceivableandtheContractAssetsCollectedaccordingtoArrearsParty
Unit:RMB
| Nameoftheentity | Endingbalanceofaccountsreceivable | Endingbalanceofcontractassets | Endingbalanceofaccountsreceivableandcontractassets | Proportiontototalendingbalanceofaccountsreceivableandcontractassets | Endingbalanceofbaddebtprovisionofaccountsreceivableandimpairmentprovisionforcontractassets |
| ShenzhenFutianTalentAnjuCo.,Ltd. | 109,392,112.37 | 109,392,112.37 | 48.82% | 10,939,211.24 | |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93,811,328.05 | 41.86% | 93,811,328.05 | |
| ShenzhenFutianDistrictGovernmentProperty | 12,125,777.13 | 12,125,777.13 | 5.41% |
| ManagementCentre | |||||
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2,836,561.00 | 1.27% | 2,836,561.00 | |
| ShenzhenFeihuangIndustrialCo.,Ltd. | 769,919.05 | 769,919.05 | 0.34% | 769,919.05 | |
| Total | 218,935,697.60 | 218,935,697.60 | 97.70% | 108,357,019.34 |
2.OtherReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Interestreceivable | 0.00 | 0.00 |
| Dividendreceivable | 0.00 | 0.00 |
| Otherreceivables | 4,564,271,534.77 | 4,489,713,785.01 |
| Total | 4,564,271,534.77 | 4,489,713,785.01 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
2)SignificantOverdueInterest
Unit:RMB
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentanditsjudgmentbasis |
Othernotes:
3)DisclosurebyWithdrawalMethodsforBadDebts
□Applicable?Notapplicable
4)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Charged-off/Written-off | Otherchanges | |||
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionofbaddebtprovision |
Othernotes:
5)InterestReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantinterestreceivable:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverification:
Othernotes:
(2)DividendReceivable
1)CategoryofDividendReceivable
Unit:RMB
| Project(orinvestee) | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
2)SignificantDividendsReceivableAgingover1Year
Unit:RMB
| Project(orinvestee) | Endingbalance | Aging | Reason | Whetheroccurredimpairmentanditsjudgmentbasis |
3)DisclosurebyWithdrawalMethodsforBadDebts
□Applicable?Notapplicable
4)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Charged-off/Written-off | Otherchanges | |||
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionofbaddebtprovision |
Othernotes:
5)DividendsReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantdividendsreceivable:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverification:
Othernotes:
(3)OtherReceivables
1)CategoryofOtherReceivablesbyAccountNature
Unit:RMB
| Nature | Endingcarryingamount | Beginningcarryingamount |
| Guaranteeddeposit | 2,235,527.00 | 2,555,194.00 |
| Paymentonbehalf | 39,020.00 | 39,020.00 |
| Externalintercoursefunds | 23,346,407.91 | 134,608,516.50 |
| Intercoursefundstosubsidiary | 4,568,945,452.34 | 4,383,952,304.98 |
| Total | 4,594,566,407.25 | 4,521,155,035.48 |
2)DisclosurebyAging
Unit:RMB
| Aging | Endingcarryingamount | Beginningcarryingamount |
| Withinoneyear(including1year) | 4,564,154,757.63 | 4,489,358,790.65 |
| Onetotwoyears | 97,134.37 | 336,882.00 |
| Twotothreeyears | 1,000.00 | 35,449.05 |
| Morethanthreeyears | 30,313,515.25 | 31,423,913.78 |
| Threetofouryears | 35,449.05 | 69,600.00 |
| Fourtofiveyears | 69,600.00 | |
| Over5years | 30,208,466.20 | 31,354,313.78 |
| Total | 4,594,566,407.25 | 4,521,155,035.48 |
3)DisclosurebyWithdrawalMethodsforBadDebts
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Baddebtprovisionseparatelyaccrued | 128,406,015.15 | 2.79% | 21,339,688.50 | 16.62% | 107,066,326.65 | 127,631,562.61 | 2.82% | 22,485,536.08 | 17.62% | 105,146,026.53 |
| Ofwhich: | ||||||||||
| Withdrawalofbaddebtprovisionbygroup | 4,466,160,392.10 | 97.21% | 8,955,183.98 | 0.20% | 4,457,205,208.12 | 4,393,523,472.87 | 97.18% | 8,955,714.39 | 0.20% | 4,384,567,758.48 |
| Ofwhich: | ||||||||||
| Total | 4,594,566,407.25 | 100.00% | 30,294,872.48 | 0.66% | 4,564,271,534.77 | 4,521,155,035.48 | 100.00% | 31,441,250.47 | 0.70% | 4,489,713,785.01 |
Categorynameofbaddebtprovisionseparatelyaccrued:Otherreceivablesofbaddebtprovisionseparatelyaccrued
Unit:RMB
| Name | Beginningbalance | Endingbalance | ||||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
| ShumYipPropertiesDevelopmentLimited | 111,203,099.25 | 6,057,072.72 | 111,977,551.79 | 4,911,225.14 | 4.39% | Long-termuncollectible |
| DameishaTourismCentre | 2,576,445.69 | 2,576,445.69 | 2,576,445.69 | 2,576,445.69 | 100.00% | Long-termuncollectible |
| HongKongHangYueDevelopmentCompanyLimited(WuyaoCompany) | 3,271,837.78 | 3,271,837.78 | 3,271,837.78 | 3,271,837.78 | 100.00% | Long-termuncollectible |
| Elevatedtrainproject | 2,542,332.43 | 2,542,332.43 | 2,542,332.43 | 2,542,332.43 | 100.00% | Long-termuncollectible |
| ShanghaiYutongRealEstateCo.,Ltd. | 5,676,000.00 | 5,676,000.00 | 5,676,000.00 | 5,676,000.00 | 100.00% | Long-termuncollectible |
| Individuallyimmaterialbutindividuallyprovidedforbaddebts | 2,361,847.46 | 2,361,847.46 | 2,361,847.46 | 2,361,847.46 | 100.00% | Long-termuncollectible |
| Total | 127,631,562.61 | 22,485,536.08 | 128,406,015.15 | 21,339,688.50 | ||
Categorynameofwithdrawalofbaddebtprovisionbygroup:Otherreceivableswithwithdrawalofbaddebtprovisionbytheportfolioofcreditriskfeatures
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Withinoneyear | 99,610.43 | 2,988.32 | 3.00% |
| 1-2years | 97,134.37 | 9,713.44 | 10.00% |
| 2-3years | 1,000.00 | 300.00 | 30.00% |
| 3-4years | 35,449.05 | 17,724.53 | 50.00% |
| 4-5years | 69,600.00 | 55,680.00 | 80.00% |
| Over5years | 8,868,777.70 | 8,868,777.70 | 100.00% |
| Total | 9,171,571.55 | 8,955,183.98 |
Notestothedeterminationbasisforthegroup:
Withdrawalofbaddebtprovisionbyadoptingthegeneralmodeofexpectedcreditloss:
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2024 | 9,001,751.08 | 22,439,499.39 | 31,441,250.47 | |
| Balanceof1January2024inthecurrentperiod | ||||
| Withdrawalofthecurrentperiod | -1,146,377.99 | -1,146,377.99 | ||
| Balanceof30June2024 | 9,001,751.08 | 21,293,121.40 | 30,294,872.48 |
ThebasisforthedivisionofeachstageandthewithdrawalproportionofbaddebtprovisionChangesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?Notapplicable
4)BadDebtProvisionWithdrawn,ReversedorRecoveredintheCurrentPeriodWithdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Charged-off/Written-off | Others | |||
| Baddebtprovisionwithdrawnseparately | 31,441,250.47 | -1,146,377.99 | 30,294,872.48 | |||
| Total | 31,441,250.47 | -1,146,377.99 | 30,294,872.48 | |||
Ofwhichthebaddebtprovisionrecoveredortransferred-backwithsignificantamountduringthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Reasonforreversal | Wayofrecovery | Basisandrationalityofdeterminingtheoriginalwithdrawalproportionofbaddebtprovision |
5)ParticularsoftheActualVerificationofOtherReceivablesduringtheCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantotherreceivables:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestotheverificationofotherreceivables:
6)Top5oftheEndingBalanceofOtherReceivablesCollectedaccordingtotheArrearsParty
Unit:RMB
| Nameoftheentity | Nature | Endingbalance | Aging | Proportiontototalendingbalanceofotherreceivables% | Endingbalanceofbaddebtprovision |
| DongguanWuheRealEstateCo.,Ltd. | Currentaccountfunds | 2,113,760,170.00 | Within1year | 46.01% | |
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | Currentaccountfunds | 1,471,000,000.00 | Within1year | 32.02% | |
| YangzhouWuheRealEstateCo.,Ltd. | Currentaccountfunds | 721,751,463.04 | Within1year | 15.71% | |
| ShumYipPropertiesDevelopmentCompanyLimited. | Currentaccountfunds | 111,977,551.79 | Over5years | 2.44% | 4,911,225.14 |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | Currentaccountfunds | 41,502,481.77 | Within1year | 0.90% | |
| Total | 4,459,991,666.60 | 97.08% | 4,911,225.14 |
7)PresentationinOtherReceivablesduetotheCentralizedManagementofFunds
Unit:RMBOthernotes:
3.Long-termEquityInvestment
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
| Investmenttosubsidiaries | 1,356,325,401.10 | 65,834,000.00 | 1,290,491,401.10 | 1,356,325,401.10 | 65,834,000.00 | 1,290,491,401.10 |
| Investmenttojointventuresandassociatedenterprises | 103,454,107.22 | 18,983,614.14 | 84,470,493.08 | 103,041,364.69 | 18,983,614.14 | 84,057,750.55 |
| Total | 1,459,779,508.32 | 84,817,614.14 | 1,374,961,894.18 | 1,459,366,765.79 | 84,817,614.14 | 1,374,549,151.65 |
(1)InvestmenttoSubsidiaries
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Beginningbalanceofdepreciationreserve | Increase/decreaseforthecurrentperiod | Endingbalance(Carryingvalue) | Endingbalanceofdepreciationreserve | |||
| Additionalinvestment | Reducedinvestment | Withdrawalofimpairmentprovision | Others | |||||
| ShenzhenHuangchengRealEstateCo.,Ltd. | 35,552,671.93 | 35,552,671.93 | ||||||
| ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. | 44,950,000.00 | 44,950,000.00 | ||||||
| SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | ||||||
| DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. | 20,000,000.00 | 20,000,000.00 | ||||||
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | 195,337,851.23 | 195,337,851.23 | ||||||
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | 3,000,000.00 | 3,000,000.00 | ||||||
| SZPRDCommercialOperationCo.,Ltd. | 63,509,120.32 | 63,509,120.32 | ||||||
| ZhanjiangShenzhenRealEstateDevelopmentCo.,Ltd. | 2,530,000.00 | 2,530,000.00 | ||||||
| ShumYipPropertiesDevelopmentLimited | 15,834,000.00 | 15,834,000.00 | ||||||
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | ||||||
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 508,000,000.00 | 508,000,000.00 | ||||||
| SZPRDUrbanRenewalCo.,Ltd. | 77,474,479.29 | 77,474,479.29 | ||||||
| DongguanWuheRealEstateCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | ||||||
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | |||||
| ShenzhenWuheUrbanRenewalCo.,Ltd. | 236,641,757.62 | 236,641,757.62 | |||||
| YangzhouWuheRealEstateCo.,Ltd. | 33,500,000.00 | 33,500,000.00 | |||||
| Total | 1,290,491,401.10 | 65,834,000.00 | 80,004,479.29 | 1,290,491,401.10 | 65,834,000.00 |
(2)InvestmenttoJointVenturesandAssociatedEnterprises
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Beginningbalanceofdepreciationreserve | Increase/decreaseforthecurrentperiod | Endingbalance(Carryingvalue) | Endingbalanceofdepreciationreserve | |||||||
| Additionalinvestment | Reducedinvestment | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | Changesofotherequity | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||||
| I.Jointventures | ||||||||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 48,065,818.51 | 933,160.15 | 48,998,978.66 | |||||||||
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | 7,050,937.33 | -606,242.79 | 6,444,694.54 | |||||||||
| Subtotal | 55,116,755.84 | 326,917.36 | 55,443,673.20 | |||||||||
| II.Associatedenterprises | ||||||||||||
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 18,983,614.14 | 18,983,614.14 | ||||||||||
| CSCECIntelligentParkingTechnologyCo.,Ltd. | 28,940,994.71 | 85,825.17 | 29,026,819.88 | |||||||||
| Subtotal | 28,940,994.71 | 18,983,614.14 | 85,825.17 | 29,026,819.88 | 18,983,614.14 | |||||||
| Total | 84,057,750.55 | 18,983,614.14 | 412,742.53 | 84,470,493.08 | 18,983,614.14 | |||||||
Therecoverableamountisdeterminedbasedonthenetamountofthefairvalueminusdisposalcosts
□Applicable?NotapplicableTherecoverableamountisdeterminedbythepresentvalueoftheforecastedfuturecashflow.
□Applicable?NotapplicableThereasonforthediscrepancybetweentheforegoinginformationandtheinformationusedintheimpairmenttestsinprioryearsorexternalinformationThereasonforthediscrepancybetweentheinformationusedintheCompany'simpairmenttestsinprioryearsandtheactualsituationofthoseyears
(3)OtherNotes
4.OperatingRevenueandCostofSales
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Principalbusiness | 23,191,058.10 | 24,213,582.29 | 995,033,423.48 | 698,031,149.77 |
| Others | 8,846,155.38 | 8,588,500.36 | ||
| Total | 32,037,213.48 | 24,213,582.29 | 1,003,621,923.84 | 698,031,149.77 |
Breakdowninformationofoperatingincomeandoperatingcost:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |||||
| OperatingRevenue | Operatingcost | OperatingRevenue | Operatingcost | OperatingRevenue | Operatingcost | OperatingRevenue | Operatingcost | |
| BusinessType | 32,037,213.48 | 24,213,582.29 | 32,037,213.48 | 24,213,582.29 | ||||
| Ofwhich: | ||||||||
| Realestatesalesbusiness | 8,846,155.38 | 8,846,155.38 | ||||||
| Houseleasingbusiness | 23,191,058.10 | 24,213,582.29 | 23,191,058.10 | 24,213,582.29 | ||||
| Classificationbyoperatingregion | 32,037,213.48 | 24,213,582.29 | 32,037,213.48 | 24,213,582.29 | ||||
| Ofwhich: | ||||||||
| Shenzhen | 32,037,213.48 | 24,213,582.29 | 32,037,213.48 | 24,213,582.29 | ||||
| Marketorcustomertype | ||||||||
| Ofwhich: | ||||||||
Contracttype
| Contracttype |
| Ofwhich: |
Classificationbytimeofcommoditytransfer
| Classificationbytimeofcommoditytransfer |
| Ofwhich: |
Classificationbycontractterm
| Classificationbycontractterm |
| Ofwhich: |
Classificationbysaleschannel
| Classificationbysaleschannel |
| Ofwhich: |
Total
| Total | 32,037,213.48 | 24,213,582.29 | 32,037,213.48 | 24,213,582.29 |
Informationaboutperformanceobligations:
| Item | Timingoffulfilmentofperformanceobligations | Importantpaymentterms | NatureofgoodsthattheCompanyiscommittedtotransfer | Whetherornotthepersonprimarilyresponsible | FundsundertakenbytheCompanyexpectedtobereturnedtocustomers | TypeofqualityassuranceprovidedbytheCompanyandrelatedobligations |
Othernotes:
Theincomeoftheparentcompanyincurrentperiodwasincomefromthesaleofrealestateandtherentalbusiness.Informationinrelationtothetransactionpriceapportionedtotheresidualcontractperformanceobligation:
TheamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyetwasRMB0.00attheperiod-end,amongwhichRMB__wasexpectedtoberecognizedin__,RMB__wasexpectedtoberecognizedin__,andRMB__wasexpectedtoberecognizedin__.Significantcontractchangesorsignificanttransactionpriceadjustments
Unit:RMB
| Item | Accountingtreatment | Amountofimpactonrevenue |
Othernotes:
5.InvestmentIncome
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 412,742.53 | 1,857,388.32 |
| Total | 412,742.53 | 1,857,388.32 |
6.Other
XX.SupplementaryMaterials
1.ItemsandAmountsofNon-recurringProfitorLoss
?Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gainsandlossesondisposalofnon-currentassets | 26,055.97 | |
| Governmentgrantsrecognizedinprofitorlossforthecurrentperiod(exceptforgovernmentgrantscloselyrelatedtotheCompany'snormaloperatingbusiness,incompliancewithnationalpoliciesandinaccordancewithdefinedcriteria,andhavingacontinuousimpactontheCompany'sprofitorloss) | 244,448.00 | |
| Othernon-operatingincomeandexpenseotherthantheabove | 42,678.11 | |
| Otheritemsofprofitorlossthatmeetthedefinitionofnon-recurringprofitorloss | -853,475.03 | Mainlytoadjustprioryear'sVATcreditsanddeductions |
| Less:Incometaxeffects | -164,486.90 | |
| Effectsoftheminorityshareholders'equity(netoftax) | 150,764.11 |
| Total | -526,570.16 | -- |
Detailsofotherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlosses:
?Applicable□NotapplicableThisismainlyduetothefactthattheVATpluscreditpreferentialpolicyisvaliduntil31December2023,andthisgaindoesnothaveasustainedimpactontheCompany'sprofitorloss.Therefore,theadjustmentforthisitembasedonactualfilingsin2024isincludedinnon-recurringgainsandlosses.Notetodefiningthenon-recurringprofitandlossitemslistedintheExplanatoryNoticeofInformationDisclosurebyCompaniesOfferingSecuritiestothePublicNo.1-Non-recurringProfitandLossItemsasrecurringprofitandlossitems
□Applicable?Notapplicable
2.ReturnonEquityandEarningsPerShare
| Profitasofreportingperiod | WeightedaverageROE(%) | EPS | |
| EPS-basic | EPS-diluted | ||
| NetprofitattributabletoordinaryshareholdersoftheCompany | 0.20% | 0.0155 | 0.0155 |
| NetprofitattributabletoordinaryshareholdersoftheCompanyafterdeductionofnon-recurringprofitorloss | 0.21% | 0.0155 | 0.0155 |
3.AccountingDataDifferencesunderPRCGAAPandThoseunderIFRSs
(1)DifferencesbetweenDisclosedNetProfitsandNetAssetsinFinancialReportinaccordancewithInternationalAccountingStandardsandChineseAccountingStandards
□Applicable?Notapplicable
(2)DifferencesbetweenDisclosedNetProfitsandNetAssetsinFinancialReportinaccordancewithDomesticAccountingStandardsandChineseAccountingStandards
□Applicable?Notapplicable
(3)ExplainReasonsfortheDifferencesbetweenAccountingDataUnderDomesticandOverseasAccountingStandards;forAnyAdjustmentMadetotheDifferenceExistingintheDataAuditedbytheForeignAuditingAgent,SuchForeignAuditingAgent'sNameShallBeClearlyStated.
4.Others