SHENZHENPROPERTIES&RESOURCESDEVELOPMENT(GROUP)LTD.
INTERIMREPORT2022
（AnnouncementNo.2022-36）
August2022
PartIImportantNotes,TableofContentsandDefinitions
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofShenZhenProperties&ResourcesDevelopment(Group)Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.LiuShengxiang,theCompany’slegalrepresentative,CaiLili,theCompany’sheadoffinancialaffairs,andLiuQiang,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.TheCompanyissubjecttotheGuidelineNo.3oftheShenzhenStockExchangeonInformationDisclosurebyIndustry—forListedCompaniesEngaginginRealEstate.TheCompanyhasdescribedindetailinthisReportthepossiblerisksfacingit,alongwithcountermeasures.Pleasereferto“XRisksFacingtheCompanyandCountermeasures”in“PartIIIManagementDiscussionandAnalysis”ofthisReport.TheCompanyhasnointerimdividendplan,eitherintheformofcashorstock.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
TableofContents
PartIImportantNotes,TableofContentsandDefinitions ...... 2
PartIICorporateInformationandKeyFinancialInformation ...... 6
PartIIIManagementDiscussionandAnalysis ...... 9
PartIVCorporateGovernance ...... 29
PartVEnvironmentalandSocialResponsibility ...... 31
PartVISignificantEvents ...... 34
PartVIIShareChangesandShareholderInformation ...... 45
PartVIIIPreferredShares ...... 49
PartIXBonds ...... 50
PartXFinancialStatements ...... 51
DocumentsAvailableforReference
I.ThefinancialstatementswiththesignaturesandstampsoftheCompany’slegalrepresentative,headoffinancialaffairsandheadofthefinancialdepartment;andII.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicvianewspapersdesignatedbytheCSRCintheReportingPeriod.
Definitions
Term
| 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. |
| UrbanRenewalCompany | ShenzhenWuheUrbanRenewalCo.,Ltd. |
| RongyaoRealEstate | ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. |
| ITCPropertyManagement | ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. |
| ITCTechnologyPark | ShenzhenITCTechnologyParkServiceCo.,Ltd. |
| GuomaomeiLife | ShenzhenGuomaomeiLifeServiceCo.,Ltd. |
| CommercialOperationCompany | ShenzhenSZPRDCommercialOperationCo.,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. |
| DongguanWuhe | DongguanWuheRealEstateCo.,Ltd. |
| GuangmingWuhe | ShenzhenGuangmingWuheRealEstateCo.,Ltd. |
| YangzhouWuhe | YangzhouWuheRealEstateCo.,Ltd. |
| RMB,RMB’0,000,RMB’00,000,000 | ExpressedintheChinesecurrencyofRenminbi,expressedintensofthousandsofRenminbi,expressedinhundredsofmillionsofRenminbi |
PartIICorporateInformationandKeyFinancialInformationICorporateInformation
Stockname
| 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 | 0755-8221061082212043 | 0755-8221061082212043 |
| Emailaddress | 000011touzizhe@szwuye.com.cn | 000011touzizhe@szwuye.com.cn |
IIIOtherInformation
1.ContactInformationoftheCompanyIndicatebytickmarkwhetheranychangeoccurredtotheregisteredaddress,officeaddressandtheirzipcodes,websiteaddressandemailaddressoftheCompanyintheReportingPeriod.
□Applicable?NotapplicableNochangeoccurredtothesaidinformationintheReportingPeriod,whichcanbefoundinthe2021AnnualReport.
2.MediaforInformationDisclosureandPlacewherethisReportisKeptIndicatebytickmarkwhetheranychangeoccurredtotheinformationdisclosuremediaandtheplaceforkeepingtheCompany’speriodicreportsintheReportingPeriod.
□Applicable?NotapplicableThenewspapersdesignatedbytheCompanyforinformationdisclosure,thewebsitedesignatedbytheCSRCfordisclosingtheCompany’speriodicreportsandtheplaceforkeepingsuchreportsdidnotchangeintheReportingPeriod.Thesaidinformationcanbefoundinthe2021AnnualReport.
3.OtherInformationIndicatebytickmarkwhetheranychangeoccurredtootherinformationintheReportingPeriod.
□Applicable?Notapplicable
IVKeyFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.?Yes□NoReasonforretrospectiverestatement:
Businesscombinationinvolvingentitiesundercommoncontrol.
H12022
| H12022 | H12021 | Change(%) | ||
| Before | Restated | Restated | ||
| Operatingrevenue(RMB) | 1,988,299,840.24 | 2,540,865,139.25 | 2,706,785,638.30 | -26.54% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 250,802,157.71 | 676,375,523.75 | 677,467,066.42 | -62.98% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | 256,650,611.05 | 669,858,491.21 | 669,197,895.76 | -61.65% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -395,994,231.09 | 1,137,570,780.73 | 1,141,561,301.92 | -134.69% |
| Basicearningspershare(RMB/share) | 0.4208 | 1.1349 | 1.1367 | -62.98% |
| Dilutedearningspershare(RMB/share) | 0.4208 | 1.1349 | 1.1367 | -62.98% |
| Weightedaveragereturnonequity(%) | 5.40% | 16.98% | 16.50% | -11.10% |
| 30June2022 | 31December2021 | Change(%) | ||
| Before | Restated | Restated | ||
| Totalassets(RMB) | 15,166,310,790.81 | 14,581,897,151.76 | 14,828,989,745.60 | 2.27% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 4,137,968,023.07 | 4,486,110,790.39 | 4,583,266,959.57 | -9.72% |
VAccountingDataDifferencesunderChina’sAccountingStandardsforBusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards
1.NetProfitandEquityDifferencesunderCASandIFRS
□Applicable?NotapplicableNosuchdifferencesfortheReportingPeriod.
2.NetProfitandEquityDifferencesunderCASandForeignAccountingStandards
□Applicable?NotapplicableNosuchdifferencesfortheReportingPeriod.VIExceptionalGainsandLosses
?Applicable□Notapplicable
Unit:RMB
Item
| Item | Amount | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | -41,452.49 | |
| Governmentsubsidiesthroughprofitorloss(exclusiveofgovernmentsubsidiesconsistentlygivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernmentalpoliciesorstandards) | 1,115,174.40 | Jobretentionandtrainingsubsidyandanti-pandemicsubsidyreceived |
| Capitaloccupationchargesonnon-financialenterprisesthatarethroughprofitorloss | -100,594.95 | |
| Currentprofitorlossonsubsidiariesobtainedinbusinesscombinationsinvolvingentitiesundercommoncontrolfromtheperiod-beginningtocombinationdates,net | -6,933,601.34 | |
| Non-operatingincomeandexpenseotherthantheabove | 1,128,481.62 | Penalty,confiscatoryandliquidateddamagesincome |
| Less:Incometaxeffects | 554,987.92 | |
| Non-controllinginterestseffects(netoftax) | 461,472.66 | |
| Total | -5,848,453.34 |
Particularsaboutothergainsandlossesthatmeetthedefinitionofexceptionalgain/loss:
□Applicable?NotapplicableNosuchcasesfortheReportingPeriod.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.Inthepastfourdecadesoftrialsandhardships,generationsofSZPRDemployeeshavemanifestedtheenterprisespiritof"goingaheadandreforming"andcenteredonthefunctionalpositioningasstateassetsof"servingnationaleconomicandsocialdevelopment,thecity,theindustry,andthepeople".TheCompanyhasadheredtotheoriginalaspirationandstrivenaheadtobeapioneer.Therefore,ithasmaderemarkableachievementsindevelopmentspeedandquality.Sofar,theCompanyhasgrownintoalargecomprehensiveindustrialgroupfromtheprojectcompanythatbuiltShenzhenInternationalTradeCenterBuilding.Inthenewera,theCompanysizesupthesituation,seizesthemomentumandforgesaheadtowardthegoalandvisionofbecominga"leadingsmartoperatorofindustry-cityspaceinChina".2022isakeyyeartocarryonwiththeGroup’s14thFive-YearPlan.DuringtheReportingPeriod,facingtheabruptCOVID-19anddeepregulationandcontrolinrealestate,theCompanyfaceduptothedifficultiesandcontinuedtomakeeffortsinfourbusinesssectors,includingindustry-cityspacedevelopment,propertymanagementservices,industrialecosystemoperation,andmainbusinessecosysteminvestmentinitsmainbusiness.TheCompanyendeavoredtofurtherconsolidateandhighlightitsadvantagesofindustry-cityintegrationandthewholeindustrychainthroughexpandingthemainbusinessandmakingbreakthroughsinotherbusinesses.
1.Industrial&urbanspacedevelopmentIntermsofthespacedevelopmentsegment,theCompanyisspecializedindevelopingtheresidence,thehi-endapartment,theofficebuilding,andtheindustrialparkandhasdevelopedabatchofbrandprojects,includingShenzhenInternationalTradeCenterBuilding,HuanggangPort,Tian'anInternationalBuilding,QianhaiGangwanGarden,andGoldenCollarHoliday.Basedonitspresentrealestatedevelopmentbusiness,theCompanywillimproveitsexistingportfolioandplanfornewbusinesses.Itwillengageanumberofsubsidiariesinpropertydevelopmentandurbanrenewals,includingHuangchengRealEstate,RongyaoRealEstate,theUrbanRenewalCompany,DongguanWuhe,XuzhouCompany,andYangzhouCompany,strengthencapitaloperationviathelistingplatform,andmakeareasonablelayoutofthecityspacedevelopmentsegment.IntheReportingPeriod,SZPRDmademultipleeffortsforthissegment.Forinstance,itsteadilyadvancedtheexistingdevelopmentprojectsinsideandoutsideShenzhen,acceleratedthesalesofexistingprojects,andspedupcashinflow.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,soastocontinuouslyandeffectivelyrealizethenewpatternofcoordinateddevelopmentof"1+1>2".
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.
4.OtherbusinessIntheReportingPeriod,theCompany'sbusinessesalsoincludedcateringserviceandprojectsupervisionservice.ThecateringserviceisoperatedbyShenzhenGuomaoCateringCo.,Ltd.GuomaoCateringCo.,Ltd.,establishedin1986,becamefamousathomeandabroad,asitwastheplacewherePresidentDengXiaopinggavetalksduringhisinspectiontothesouthin1992.Sinceitsestablishment,ithasreceivedmorethan600countryleaders,famouspeople,andnumerousdomesticandoverseasguests,withitsreputationspreadingallovertheworld.TheprojectsupervisionserviceishandledbythesubordinatedsupervisioncompanyoftheGroup.ThecompanyhastheGradeAsupervisionqualificationofbuildingworksoftheMinistryofHousingandUrban-RuralDevelopment(MOHURD).ItwasoriginallyknownasShenzhenPropertyEngineeringManagementDepartment,andtakespartintheconstructionandmanagementworkofShenzhenInternationalTradeCenterBuilding.Itisawitnessofthewholeprocessof"Shenzhenspeed",andmainlyservesforthedevelopmentprojectoftheGroup.(II)IndustryDevelopmentProgress
1.RealestateindustryInthefirsthalfof2022,themacro-economicoperationcontinuedthedevelopmenttrendofoverallstabilityandsteadyprogress.Specifically,significantpotentialwasseenindemandrecovery,productionrallywaswellsupportedandmacropolicieswellguaranteed,innovativedevelopmentgainedmomentumforeconomicgrowth,people'slivingstandardandqualitycontinuedtoimprove,andhigh-qualitydevelopmentwaspromotedbyanincreasingnumberofpositivefactors.Since2021,realestateregulationhasmaintainedtheorientationthat"housesareforlivingin,notforspeculation",andclearlyupheldtheprinciplesof"implementingcity-specificpolicies"and"supportingpeople'sdemandforhousingimprovement".InJanuary,theNationalHousingandConstructionConferencecalledforstickingtothebottomlineofzerosystemicriskandfullyreleasingresidents'housingdemands.InMarch,theReportontheWorkoftheGovernmentfor2022pointsoutthatweshouldcontinuetomeetpeople'shousingneeds,
encouragebothhousingrentalsandpurchases,movefastertodevelopthelong-termrentalmarket,promotetheconstructionofgovernment-subsidizedhousing,assistthecommodityhousingmarketinbettermeetingthereasonablehousingneedsofhomebuyers,andkeeplandcosts,housingpricesandmarketexpectationsstable,soastofacilitatethestableandhealthydevelopmentoftherealestatemarket.InApril,theCentralBankandtheBankingandInsuranceRegulatoryCommissionindicatedthattheywouldprovidefinancialservicesformergersandacquisitionsofriskdisposalprojectsbykeyrealestatecompanies.InMay,thePeople'sBankofChinaissuedanoticetolowertheinterestratefloorforindividualhousingloanswithaviewtoofferingcreditsupporttohomebuyers.ChinaSecuritiesRegulatoryCommissionproposedtosupportthenormalfinancingofrealestateenterprises,allowhigh-qualityrealestateenterprisestofurtherbroadentheuseoffundsraisedbybonds,andencouragehigh-qualityrealestateenterprisestoissuecorporatebondsformergerandacquisitionofprojectsinthechargeofrealestateenterpriseswithanyinsuranceaccident.Aseriesofmeasuresadoptedwillbeconductivetothevirtuouscirculationandsounddevelopmentoftherealestateindustry.Fromtheperspectiveofregionalmarket,inthefirsthalfof2022,ShenzhenexperiencedrepeatedoutbreaksofCOVID-19,inresponsetowhichthegovernmentintroducedanumberofmeasurestostabilizegrowth.InFebruary,theMinistryofHousingandUrban-RuralDevelopmentheldapressconferenceinthethemeof"promotinghigh-qualitydevelopmentofhousingandurban-ruralconstruction",indicatingthatitwouldstrivetoplayapositiveroleinmaintainingstablemacroeconomicperformanceandcontinuetostrengthentheconstructionandsupplyofpublichousing;inJune,thefourdepartmentsofShenzhenjointlyissuedthe"ImplementationPlanforFurtherStrengtheningFinancialServicestoSupportEpidemicPreventionandControl",PromoteEconomicRecovery,MeetBasicLivingNeedsandStabilizeDevelopment,clarifyingtheneedtofurtherstrengthenthemitigationofrisksfacedbyrealestateenterprises,optimizetheconditionsforwithdrawalofadvancesalesupervisionfundsunderthepremiseof"ensuringdeliveryofbuildings",andpromotethevirtuouscirculationofenterprisefunds.Inthefirsthalfof2022,thesupplyofhousinginShenzhennewhousingmarketwasmainlyconcentratedinthesecondquarter.AffectedbypoliciesandtheCOVID-19pandemic,thetransactionvolumeofthenewhousingmarketdecreasedby30%yearonyear,andtheoveralltransactionvolumewas1,657,500squaremeters.Intermsoflandmarket,inthefirsthalfoftheyear,Shenzhenlaunchedatotalof35landplots,withatotalplannedareaof5,648,000squaremeters,includingeightresidentiallandplotswithaplannedbuildingareaof1,071,000squaremeters,andfivecommerciallandplotswithaplannedareaof205,000squaremeters.Inthefirsthalfoftheyear,thetotaltransactionvolumeinbuildingareawas3,554,000squaremeters,witheightresidentiallandplotsachievingthehighestpossibletransactionpriceandthepricelimitsonnewhousingraised,whichsendsapositivesignaltothemarket.Inthefaceofchangesinindustrypoliciesanddevelopmenttrends,mainstreamrealestateenterprisesaregraduallymakingeffortsindiversifiedbusinesslayouts.Atpresent,mainstreamrealestateenterpriseshavealreadyenteredandformedstableindustrypatterninmanyrelevantfieldsotherthanresidentialdevelopmentandsales,suchaspropertymanagement,commercialproperty,long-termrentalandlogisticsrealestate.Additionally,sub-industriessuchaselderlycare,educationandagencyconstructionhavealsoachievedrapiddevelopment.Theindustryhasaccelerateditstransformationfromrealestatetoimmovableproperty,graduallyshiftingfromthescale-drivenadvantageformedbyresidentialdevelopmentandsalestotheintegrationofdevelopment,operationandservice.
2.PropertymanagementindustryInrecentyears,drivenbycontinuedurbanization,consumptionupgradeandencouragingpolicies,andoverlaidwithtechnologicalempowermentandcapitaldividends,thepropertymanagementindustryhasenteredaperiodofrapiddevelopment.Withtherisingsocialstatusofthepropertymanagementindustry,inearly2022,theGeneralOfficeoftheStateCouncilissuedtheNoticeontheConstructionPlanfortheCommunityServiceSysteminUrbanandRuralAreasDuringthe14thFive-YearPlanPeriod,aimingtoguidethemarketandsocialforcestodevelopservicessuchaschildcareandeldercareincommunities,andencouragethedevelopmentofhouseholdservicessuchaspropertymanagement,maintenance,housekeeping,cateringandretailincommunities,andencouragelocalitieswhereconditionspermittointroducespecializedpropertyservices,andestablishandimproveatwo-wayselectionmechanismbetweenpropertyownersandpropertyserviceenterprises.Urbanservicesareanewfieldintheproperty
managementindustrythisyear.Therevisionofservicestandardsrelatedtourbanenvironmentalsanitationhasprovidedrelevantnormsandguidelinesforthepropertymanagementindustry.Moreover,aseriesofmeasuresadoptedhavecreatedfavorableconditionsfortherapidgrowthandstandardizeddevelopmentofthepropertymanagementindustry.Scaleandboundaryexpansionremainsthemainthemeinthedevelopmentofthepropertymanagementindustry.Inthefirsthalfof2022,therewerenearly20mergerandacquisition(M&A)casesinthepropertymanagementindustry,involvingtransactionamounttotalingRMB8billion.Thecomparisonwith2021presentsthefollowingcharacteristics:First,M&Asaremoreprudentoverall,mainlyfocusingonthequalityofM&Aobjectsandstrategiccoordinationandprofitability.Second,state-ownedenterprisesbecomemoreactiveandplayadominantroleintheM&Amarket.Amongthe20M&Acasesinthefirsthalfoftheyear,theM&Aentitiesoffiveonesarestate-ownedpropertycompanieswithadisclosedtransactionamountofapproximatelyRMB4,314million,accountingfor53.9%ofthetotaltransactionamount.Inthemediumandlongterm,M&Awillvigorouslypromotethefurtherimprovementofindustryconcentration,andpropertymanagementcompanieswiththedeveloperbackgroundhavemoreadvantagesinthisregard.Thepropertymanagemententerpriselistingboomcontinues,withthreemorepropertymanagemententerprisesenteringthecapitalmarketduringJanuary-April.Asat17June2022,atotalof59propertymanagemententerpriseswerelisted,including55ontheMainBoardofHongKongandfourontheA-share,withatotalmarketcapitalizationofoverRMB1trillion.Improvingthelevelofintelligenceandbuildingsmartcommunitiesisstilloneoftheimportantdirectionsforenterprisedevelopment.Inthefirsthalfoftheyear,majorpropertymanagementcompanieslaunchedandupgradedtheirnewintelligentpropertymanagementsystemstoimplementintegratedpropertymanagementandprovideservicessuchaspropertynotification,warranty,visitornotificationandlifepaymentinamoreconvenientway.SomeenterprisesactivelycooperatedwithInternetcompaniestoexploretheapplicationofsmarttechnologyinpropertyservicescenariosandimprovevalue-addedservices.(III)OperatingPerformanceoftheCompanyintheReportingPeriodIn2022,theCompanycloselyfocusedontheimplementationofthekeyworkdeploymentformulatedatthebeginningoftheyear.Inthefirsthalfoftheyear,alltheCompany'sworkwasconductedinstrictaccordancewiththeprincipleof"seekingprogressinstability,maintainingstabilityinprogress,andpromotingprogressinaninnovativeandprudentmanner".TheRealEstateCompanytookexpansionasthegoal,andmadeeffortstoseekabreakthroughinprojectexpansion.ThePropertyManagementCompanytookstrategictransformationastheguidetoenhancetheempowermentvalueandbrandvalue.TheCommercialOperationCompanyaimedatimprovingqualityandefficiency,andcontinuedtoinnovatetheoperationandmanagementmode,andeachbusinesssegmenthasmaintainedastableandhealthydevelopmenttrend.DuringtheReportingPeriod,theCompanyachievedoperatingrevenueofapproximatelyRMB1.988billionandanetprofitattributabletotheCompanyastheparentofapproximatelyRMB251million,andallotherindicatorssuchasexpensesandtotalremunerationswereundereffectivecontrol.First,theindustry-cityspacedevelopmentsegmentmaintainedstableperformance,withprojectconstructionbeingactivelypromoted.Inthefirsthalfoftheyear,therealestatebusinessrecordedoperatingrevenueofRMB1,156million,accountingfor
58.15%ofthetotalrevenue.DuringtheReportingPeriod,therealestatesegmentoftheCompanycontinuedtostrengthenthesynergyofnodaltargetsandresourceguaranteetoachieveacomprehensivelyacceleratedturnoverofprojectsunderconstruction,fullycoordinatedtheannualsalesoftheGoldenCollarHolidayproject,andadvancedthesales,paymentcollectionandfinedecorationpartnershipofBuildingAinanorderlymanner,providingastrongsupportforthegrowthofrevenueandprofit.Moreover,theGroup,togetherwithYangzhouLvfaRealEstateCo.,Ltd.,successfullywonthefirstbatchofplot(GZ342)forYangzhouSlenderWestLakeScienceandTechnologyInnovationCityProject.Adheringtothemarket-orientedmanagementconcept,theGroupquicklycarriedoutpreparatoryworksuchascooperationagreementdraftingandtenderinvitationanddetermination;YutangshangfuProjectofShenzhenGuangmingWuheRealEstateCo.,Ltd.(hereinafterreferredtoas"GuangmingYutangshangfuProject")andDongguanHumenProjectgotstartedinthefirstquarter,andtheoverallprogressthereofwasorderlyandcontrollable;FuchangPhaseIIProject,HumenCoastalPortProjectandotherprojectsareprogressinginanorderlymanner.Second,thepropertymanagementsegmentgrewsteadilyandcontinuedtoacceleratemarketexpansion.Inthefirsthalfoftheyear,thepropertymanagementbusinessrecordedoperatingrevenueofRMB778million,accountingfor39.15%ofthetotalrevenue.Thepropertymanagementsegmentexpandedtotally26projectsinthefirsthalfoftheyear,suchasLinbangliandKaiyuanBuilding
projects,withtheexpansionareatotalingapproximately1,213,000squaremeters.Inordertoimplementthestrategiclayoutofinformatization,inthefirsthalfoftheyear,ITCPropertyManagementcompletedsuchworkasconstructionschemedraftingandcostinvestigationforitsscientificandtechnologicalintelligentdigitalplatformsystemcomposedofanintelligentoperationmanagementandcontrolplatformandadatamiddleoffice.InformatizationprojectsofITCPropertyManagementsuchastheintegrationandupgradeofthechargingsystemandtheconstructionoftheintelligentparkingmanagementandcontrolplatformareallprogressinginanorderlymanner.Third,theindustrialecologicaloperationandothersegmentsimprovedqualityandefficiency,andcultivatedcoreoperationalcapabilities.Inthefirsthalfoftheyear,affectedbythesluggishperformanceofexternalrentalmarketandtheshort-termimpactoftheoutbreakofCOVID-19,therentaloperationbusinessrecordedoperatingrevenueofRMB54million.Inactiveresponsetopolicycall,theCompanyimplementedrentalreductionandexemptionforstate-ownedhousestorelievetheoperatingpressureofcustomers,whichfullydemonstratesthemissionandresponsibilityoftheCompanyasastate-ownedenterprise.TheCompanytookvariousstepstoaccelerateitstransformationandupgrade,andexploredsuchmeasuresasestablishinganincrementalsharingmechanismandintensifyingeffortsonprojectexpansion.Additionally,coreoperatingcapabilitieswerecultivatedinmultiplepaths,andthetransformationofthecurrentpurerentalbusinessmodetoacommercialoperationmodewaspromoted,therebyboostingthedevelopmentandgrowthoftheindustrialecologicaloperationsegment.Moreover,theCompanyactivelypromotedthebuildingofthekeyindexsystemfortherealestatesegment,theinformatizationofintelligentconstructionsiteandtheconstructionoftheengineeringqualityanddesignmanagementsystem.ThesupervisionoverrelevantprojectssuchastheFuchangPhaseIIProject,DongguanHumenProjectandGuangmingYutangshangfuProjectwasinorderlyprogress.VariousworkwascarriedoutinstrictaccordancewiththestandardizedproceduresforsupervisionandtheCompany'srelevantrequirementsforinternalcontroltosuccessfullycompletethesupervisionofexistingprojects.(IV)ProgressofkeyconstructioninprogressTheCompanyissubjecttotheGuidelineNo.3oftheShenzhenStockExchangeonInformationDisclosurebyIndustry—forListedCompaniesEngaginginRealEstate.
1.Newadditionstothelandbank
Nameoflandlotorproject
| Nameoflandlotorproject | Location | Planneduseofland | Sitearea（㎡） | Floorareawithplotratio（㎡） | Howthelandisobtained | TheCompany’sinterest | Totallandprice(RMB’0,000) | ConsiderationoftheCompany’sinterest(RMB’0,000) |
| LandLotNo.GZ342inYangzhouCity | PingshanVillage,HanjiangDistrict,YangzhouCity | Commercialandresidential | 195,633 | 305,187.48 | Openmarket | 67.00% | 83,535.29 | 55,968.64 |
2.Cumulativelandbank
| Nameofproject/area | Sitearea（0,000㎡） | Floorarea（0,000㎡） | Floorareaavailablefordevelopment（0,000㎡） |
| Baoluproject | 3.24 | 8.16 | 8.16 |
| LandinDanshui,HuiyangDistrict,HuizhouCity | 1.77 | 4.25 | 4.25 |
| LandinHongqiTown,HaikouCity | 15.8 | - | - |
| YangzhouSlenderWestLakeEcologicalHealthValleyProject | 19.56 | 30.52 | 30.52 |
| Total | 40.37 | 42.93 | 42.93 |
3.Developmentstatusofmajorprojects
City/region
| City/region | Nameofproject | Location | Usage | TheCompany’sinterest | Timeforcommencementofconstruction | %developed | %thathascompletedconstruction | Sitearea（㎡） | Plannedfloorareawithplotratio（㎡） | FloorareathatcompletedconstructionintheCurrentPeriod（㎡） | Cumulativefloorareathathascompletedconstruction（㎡） | Estimatedtotalinvestment(RMB’0,000) | Cumulativeinvestment(RMB’0,000) |
| Shenzhen | GoldenCollar’sResortapartments | FutianDistrict | Residential | 100% | 2014.03 | Completed | 100.00% | 12,598 | 133,800 | 0 | 133,800 | 138,311 | 127,701 |
| Shenzhen | FuhuiHuayuan | FutianDistrict | Residential | 100% | 2018.12 | Underconstruction | Mainworkcompletionfiling80%completed,andsampleroomsaregoingthroughfinedecoration | 4,274 | 33,430 | 0 | 0 | 91,133 | 70,902 |
| Shenzhen | GuanlanBangling | LonghuaDistrict | Residential,commercialapartmentsandindustrial | 69% | 2020.10 | Underconstruction | 94.66%demolished,PhaseIIpilefoundation30%completedandfoundationpitsupportingandearthwork70%completed | 68,300 | 433,640 | 0 | 0 | 694,150 | 359,507 |
| Shenzhen | ProjectatYutangStreet,GuangmingDistrict | GuangmingDistrict | Residential | 100% | 2022.03 | Underconstruction | Allengineeringpilescompleted,andearthworksupporting50%completed | 14,901 | 81,960 | 0 | 0 | 277,927 | 168,532 |
| DongguanCity | ProjectinHumenTown,Dongguancity | HumenTown | Residential | 100% | 2022.03 | Underconstruction | Earthworksupporting60%completed,andpilefoundation30% | 51,687 | 113,713 | 0 | 0 | 344,908 | 214,746 |
completed
| completed | |||||||||||||
| XuzhouCity | BanshanYujing(PhaseII) | TongshanDistrict | Residential | 100% | 2019.3 | Completed | 100% | 31,537 | 22,795 | 22,795 | 22,795 | 24,700 | 21,717 |
4.Salesstatusofmajorprojects
| City/region | Nameofproject | Location | Usage | TheCompany’sinterest | Floorareawithplotratio（㎡） | Floorareaavailableforsale（㎡） | Cumulativepre-sold/soldfloorarea（㎡） | Floorareapre-sold/soldintheCurrentPeriod（㎡） | Pre-sale/salesrevenuegenerateintheCurrentPeriod(RMB’0,000) | Cumulativesettledfloorarea(㎡) | FloorareasettledintheCurrentPeriod（㎡） | Pre-sale/salesrevenuesettledintheCurrentPeriod(RMB’0,000) |
| Shenzhen | GoldenCollar’sResortapartments | IntersectionofFutianSouthRoadandBinheRoadinFutianDistrict | Residential,studioapartmentsandcommercial | 100% | 133,800.6 | 125,231.07 | 113,142.79 | 6,617.51 | 58,325 | 110,375.99 | 10,015.39 | 86,141.01 |
| DongguanCity | SonghuLangyuan | DalangTown | Residential,commercial | 100% | 147,139.96 | 140,911 | 140,911 | 0 | 0 | 149,289.84 | 48 | 39.37 |
| YangzhouCity | HupanYujingPhaseI | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100% | 36,141.28 | 48,870.98 | 42,924.49 | 101.62 | 39 | 42,924.49 | 101.62 | 35.78 |
| YangzhouCity | HupanYujingPhaseII | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100% | 56,935.75 | 73,121.96 | 70,012.8 | 1,678.83 | 2,465.69 | 69,993.69 | 1,678.83 | 2,262.10 |
5.Rentalstatusofmajorprojects
| Nameofproject | Location | Usage | TheCompany’sworkinginterest | Rentablearea | Cumulativerentedarea | Averageoccupancyrate |
| ㎡ | ㎡ | |||||
| XiApartments(Longyuan) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 3967 | 3967 | 100.00% |
XiApartments(Longhua)
| XiApartments(Longhua) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 1609 | 1609 | 100.00% |
| XiApartments(Xinhu) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 1600 | 1600 | 100.00% |
| DonghuApartments | Shenzhen | Apartmentsforlong-termrental | 100.00% | 8171.72 | 5250.06 | 64.25% |
| FoodCourtintheInternationalTradeCenter | Shenzhen | Commercial | 100.00% | 4049 | 2453.63 | 60.60% |
| FuminComplex | Shenzhen | Commercial,apartments | 100.00% | 6450 | 4836.84 | 74.99% |
| TowerAofWenjinduPortBuilding | Shenzhen | Officebuilding | 75.00% | 5884 | 5884 | 100.00% |
| HaiwaiLianyiBuilding | Shenzhen | Commercialunitsandoffices | 75.00% | 9313.78 | 8839.78 | 94.91% |
| AnhuaBuilding | Shenzhen | Offices | 75.00% | 1414 | 1414 | 100.00% |
| TrainingBuilding/Dormitory | Shenzhen | Residentialunits/offices/commercialunits | 75.00% | 4194 | 4194 | 100.00% |
| PengfuBuilding | Shenzhen | Offices | 75.00% | 6494 | 6494 | 100.00% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 75.00% | 1702 | 1406.74 | 82.65% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 100.00% | 568 | 568 | 100.00% |
| FuxingGarden | Shenzhen | Residential/commercial | 75.00% | 5787 | 5787 | 100.00% |
| FuxingGarden | Shenzhen | Commercial | 100.00% | 1417 | 1417 | 100.00% |
| PlantareainTangxiaTown,DongguanCity | DongguanCity | Plant | 75.00% | 22034 | 22034 | 100.00% |
| PacificBusinessBuilding | Shenzhen | Commercialunits/offices | 75.00% | 3199 | 3199 | 100.00% |
| PacificBusinessBuilding | Shenzhen | Commercialunits/offices | 15.00% | 14889 | 14720.57 | 98.87% |
| KangtiBuilding | Shenzhen | Commercialunits/offices | 75.00% | 2096 | 2096 | 100.00% |
| KangtiBuilding | Shenzhen | Commercialunits/offices | 15.00% | 1147 | 1147 | 100.00% |
| LyuhuaBuilding | Shenzhen | Commercialandresidential | 75.00% | 6960 | 6913.7 | 99% |
| ShopsonthegroundfloorofTower48inLianhuaNorthVillage | Shenzhen | Shops | 75.00% | 1000 | 1000 | 100.00% |
| HaonianhuaBuilding | Shenzhen | Apartmentsandcommercialunits | 100.00% | 1803 | 1803 | 100.00% |
| HaonianhuaBuilding | Shenzhen | Apartmentsandcommercialunits | 75.00% | 2278 | 2278 | 100.00% |
| Hostel2atYuxinSchool | Shenzhen | Hostel | 75.00% | 3000 | 3000 | 100.00% |
| KaifengGardeninShangmeilin | Shenzhen | Residential | 100.00% | 1307 | 953.23 | 72.93% |
| FuyuanIndustrialZone | Shenzhen | Plantarea | 75.00% | 47130 | 47130 | 100.00% |
| TongluIndustrialZone | Shenzhen | Plantarea | 100.00% | 76886 | 75161.5 | 97.76% |
| GongluBuilding | Shenzhen | Commercial/offices | 75.00% | 317 | 317 | 100.00% |
| JianglingIndustrialZone | Shenzhen | Plantarea | 75.00% | 10397 | 10397 | 100.00% |
Zone21
| Zone21 | Shenzhen | Commercial/offices | 75.00% | 9514 | 9514 | 100.00% |
| BaoliCommunity | Shenzhen | Residential | 75.00% | 9020 | 8879 | 98.44% |
| SonggangPlant | Shenzhen | Plantarea | 75.00% | 5700 | 5700 | 100.00% |
| LongbuPlant | Shenzhen | Plantarea | 75.00% | 7471 | 7471 | 100.00% |
| GongluBuildinginHuanggang | Shenzhen | Offices | 75.00% | 4600 | 4554.94 | 99.02% |
| YuetongComplex | Shenzhen | Offices | 75.00% | 3044 | 3044 | 100.00% |
| DepartmentStorePlaza | Shenzhen | Offices | 33% | 13515 | 13515 | 100.00% |
| SouthernSecuritiesBuilding | Shenzhen | Offices | 33% | 8809.8 | 3424.82 | 38.88% |
| Building409,SangdaIndustrialZone | Shenzhen | Plantarea | 33% | 3309.2 | 3309.2 | 100.00% |
| MianshuiStudioApartment | Shenzhen | Apartment | 33% | 3440.12 | 3440.12 | 100.00% |
| XiangfuBuilding | Shenzhen | Commercial | 33% | 3104.9 | 3104.9 | 100.00% |
6.Primarylanddevelopment
□Applicable?Notapplicable
7.Financingchannels
Unit:RMB
| Financingchannel | Endingbalanceoffinancings | Financingcostrange/averagefinancingcost | Maturitystructure | |||
| Within1year | 1-2years | 2-3years | Over3years | |||
| Bankloans | 3,843,732,330.00 | 4%-6% | 128,000,000.00 | 2,999,500,000.00 | 716,232,330.00 | |
| Total | 3,843,732,330.00 | 4%-6% | 128,000,000.00 | 2,999,500,000.00 | 716,232,330.00 | |
8.DevelopmentstrategyandoperatingplanforthecomingyearEffortswillbeputon"expansion,acceleration,transformation,empowermentandeffectiveness".Intermsoflandreserve,theCompanywillexpanditscapacitythroughmarketcompetitionandcapitaloperation,continuetofocusonareaswitheconomicdevelopmentpotentials,suchastheGuangdong-HongKong-MacaoGreaterBayAreaandtheYangtzeRiverDelta,andactivelyfacilitatetheimplementationofprojectsassoonaspossiblethroughmarket-basedbidinvitation,auctionandlisting,industriallandapplication,projectcooperationandothermeans.Intermsofprojectdevelopment,theCompanywillfocusonprojectdevelopmentandturnoverinthelatterhalfoftheyear.Specifically,itwillgatherstrengthtosuccessfullyachieveannualoperationobjectives,continuetostrengthentheoverallplanningandcontroloftheoverallobjectives,progressnodesandinvestmentplansofeachproject,acceleratethedevelopmentandconstructionofHumenProject,GuangmingProjectandGuanlanBanglingUrbanRenewalProject(PhaseIandPhaseII),activelypromotethecompletionandacceptanceoftheprincipalworksandfinedecorationofFuchangPhaseIIProject,assistintheownershipconfirmationanddisposalofentrustedpropertiessuchasPingshanTianjunIndustrialPark,andstrivetocompletesuchworkasprojectapprovalandspecialdeclarationoftherenewalunitplanfortheFuyuanIndustryPark,conclusionofBaolulandcompensationagreementandseparationoftheYupinluanshanProject.
9.Provisionofguaranteesforhomebuyersonbankmortgages?Applicable□NotapplicableAsausualpracticeforrealestatedevelopers,theCompanyhasbeenprovidingguaranteesandsecuritydepositsforitshomebuyersontheirbankmortgages.Asat30June2022,securitydepositsforsuchoutstandingguaranteesamountedtoRMB64,997,757.03,whichwillbereturnedupontheexpiryoftheguarantees,i.e.whentherelevanthomebuyerspaidofftheirbankmortgages.
10.Jointinvestmentsbydirectors,supervisorsandseniormanagementandthelistedcompany(applicableforsuchinvestmentswherethedirectors,supervisorsandseniormanagementaretheinvestmententities)?Applicable□Notapplicable
Nameofproject
| Nameofproject | Typeofinvestmententity | Amountofinvestment(RMB’0,000) | %ofinvestmentamount | As%ofthepeakoftheprojectfunds | Cumulativeincome | Disinvestment | Compatibilityofactualinvestmentamountanddistributedincome |
| UrbanRenewalofBanglingSectionatGuanlanStreet | Mandatoryinvestmententities(includingdirectorsandseniormanagement) | 2,647.00 | 66.18% | N/A | 0 | None | N/A |
| Voluntaryinvestmententities | 1,353.00 | 33.82% | N/A | 0 | None | N/A |
Note:Sincethisisanongoingproject,thepeakoftheprojectfunds,cumulativeincomeanddisinvestmentareunknown.Fordetails,pleaserefertotherelevantannouncementsdisclosedbytheCompanyonwww.cninfo.com.cndated9November2019.IICoreCompetitivenessAnalysisAdvantagesinbrandandculturalaccumulation:AsaShenzhenmunicipalstate-ownedenterprise,SZPRDhasundergone40yearsofdevelopmentandaccumulationandhasbeenhighlyrecognizedbythemarketforthebrandvalueandcomprehensivestrengthof"SZPRD"thatcarriesthespiritofreformandopeningupoftheShenzhenInternationalTradeCenterBuilding.SZPRDcameintobeingbecauseoftheShenzhenInternationalTradeCenterandhasrisenamidtheReformandOpeningupcampaign.EmergingandgrowingtogetherwithShenzhen,acityofmiracles,theCompanyhasbeen“aloyalpractitionerofthespiritoftheox”andovercomedifficultiesinproposingnewservicesinthenewera.Market-orientedadvantages:Inaccordancewiththemarket-orientedpaceofasmallchangeinayearandabigchangeinthreeyears,theGroupcontinuestoinnovateinstitutionalmechanisms,deepeninternalreforms,andactivelybenchmarkwithindustrymodelsformarket-orientedoperation,whichsignificantlystimulatesthevitalityandmomentumoftheGroup'shigh-qualitydevelopment.Inrecentyears,theGuanlanBanglingprojectpioneeredthecooperationbetweenstate-ownedenterprisesandprivateenterprisesindevelopingurbanrenewalprojects,markingthefirstfullymarket-orientedurbanrenewalprojectinthehistoryoftheGroup,andtooktheleadinimplementingthefollow-oninvestmentsystemforurbanrenewalprojectsinthecity'sstate-ownedcapitalsystem.Thepropertymanagementsegment,with90%projectsoutsidetheprovinceand90%market-orientedexpansion,demonstratesthestrongcompetitivenessoftheCompany'spropertymanagementbusinessinthenationalmarket.TheCompanyhassimultaneouslyestablishedamulti-levelincentiveandrestraintmechanismincludingfollow-oninvestmentandlong-termincentives,allocatingresources,selectingtalentsandassessingrewardsandpunishmentsaccordingtothemarket-orientedapproach.Wholeindustrychainadvantage:Overtheyears,theGrouphasformedtheadvantageofthewholeindustrychaininthewholeprocessofprojectacquisition,developmentandconstruction,investmentandsales,leasingmanagementandpropertymanagement,especiallyintheareaofhigh-endparkbasicservicesandpropertymanagementqualityservices,whichhasformedobvioussegmentationadvantagesandforgedthecorecompetitiveabilityoftheCompany.City-industryintegrationadvantage:FromtheearliesturbancomplexofShenzhenInternationalTradeCenterBuilding,LuohuCommercialCity,HuanggangPortareadevelopmenttothedevelopmentandoperationoflargecity-industrycomplexprojectofGuanlanBanglingurbanrenewalproject,theGroup'sadvantagesofcity-industrycomplexdevelopmentproductshavebeenhighlighted,andwiththeimplementationofaseriesofurbanrenewalprojectsandindustrialprojects,theadvantagesofcity-industrycomplexwillbefurtherconsolidatedandenhanced.AdvantagesasaholdingsubsidiaryofaFortuneGlobal500company:ShenzhenInvestmentHoldingsCo.,Ltd.,thecontrollingshareholderoftheCompany,hasbeencommittedtobuildingaworld-leadingstate-ownedcapitalinvestmentandoperationcompanyandafinancialholdinggroup.Ithasnowdevelopedintoastate-ownedcapitalinvestmentcompanyfocusingonfintech,technology
parks,infantindustriesandhigh-endservices.ItwaslistedinFortuneGlobal500companiesin2022withoperatingrevenueofRMB242.5billionandranked372ndonthelist,24placeshigherthanthatin2021.Relyingonthecontrollingshareholder'sadvantagesinthewholeindustrialchainoftechnologyparks,theCompanycarriesoutactivetransformationandupgradingandconcentratesonthedevelopmentandconstructionofindustry-citycomplexes,heraldingabroaderdevelopmentprospect.IIICoreBusinessAnalysis
Seecontentsundertheheading“IPrincipalActivityoftheCompanyintheReportingPeriod”in“ManagementDiscussionandAnalysis”.Year-on-yearchangesinkeyfinancialdata:
Unit:RMB
H12022
| H12022 | H12021 | Change(%) | Mainreasonforchange | |
| Operatingrevenue | 1,988,299,840.24 | 2,706,785,638.30 | -26.54% | Decreasedrevenuecarryforwardsinthepropertydevelopmentbusinessandtheofferingofrentalexemptionsintherentalbusinessinthecurrentperiod |
| Costofsales | 1,068,652,583.32 | 906,050,067.72 | 17.95% | |
| Sellingexpense | 11,358,858.51 | 10,418,105.37 | 9.03% | |
| Administrativeexpense | 143,701,058.05 | 119,107,631.52 | 20.65% | |
| Financecosts | 28,092,277.76 | -229,075.44 | 12,363.33% | Decreasedinterestincomeinthecurrentperiod |
| Incometaxexpense | 92,655,204.26 | 195,401,618.54 | -52.58% | Decreasedtaxableincomeinthecurrentperiod |
| R&Dinvestments | 2,689,725.40 | 0.00 | 100.00% | AcquisitionofFMCinSeptember2021 |
| Netcashgeneratedfrom/usedinoperatingactivities | -395,994,231.09 | 1,141,561,301.92 | -134.69% | DecreasedcashinflowsandpaymentforthelandoftheYangzhouprojectinthecurrentperiod |
| Netcashgeneratedfrom/usedininvestingactivities | -248,809,261.38 | -13,043,999.27 | -1,807.46% | Expenditureonequityacquisitioninthecurrentperiod |
| Netcashgeneratedfrom/usedinfinancingactivities | 151,572,890.35 | -375,250,891.88 | 140.39% | NewbankloaninthecurrentperiodandthepaymentofcashdividendsinJuly |
| Netincreaseincashandcashequivalents | -490,792,510.62 | 752,696,603.78 | -165.20% | |
| Assetimpairmentloss | 3,302.47 | -33,715.66 | -109.80% | |
| Creditimpairmentloss | -14,462,076.54 | -6,797,536.40 | 112.75% | Increasedallowancesfordoubtfulaccountsinthecurrentperiod |
| Otherincome | 6,806,445.99 | 3,242,846.47 | 109.89% | Increasedgovernmentgrantsandtaxandlevyrebatesinthecurrentperiod |
| Returnoninvestment | 946,914.05 | 3,350,564.96 | -71.74% | Decreasednetprofitsofjointventuresinthecurrentperiod |
| Non-operatingincome | 2,546,068.46 | 10,624,684.14 | -76.04% | Demolitioncompensationreceivedinthesameperiodoflastyear |
| Non-operatingexpense | 1,417,586.84 | 1,953,595.36 | -27.44% |
MaterialchangestotheprofitstructureorsourcesoftheCompanyintheReportingPeriod:
□Applicable?NotapplicableNosuchchangesintheReportingPeriod.Breakdownofoperatingrevenue:
Unit:RM
H12022
| H12022 | H12021 | Change(%) | |||
| Operatingrevenue | As%oftotaloperatingrevenue(%) | Operatingrevenue | As%oftotaloperatingrevenue(%) | ||
| Total | 1,988,299,840.24 | 100% | 2,706,785,638.30 | 100% | -26.54% |
| Byoperatingdivision | |||||
| Propertydevelopment | 1,156,147,570.46 | 58.15% | 1,897,026,889.73 | 70.08% | -39.05% |
| Propertymanagement | 778,342,112.81 | 39.15% | 707,732,230.87 | 26.15% | 9.98% |
| Propertyrental | 53,810,156.97 | 2.71% | 102,026,517.70 | 3.77% | -47.26% |
| Byproductcategory | |||||
| Propertydevelopment | 1,156,147,570.46 | 58.15% | 1,897,026,889.73 | 70.08% | -39.05% |
| Propertymanagement | 778,342,112.81 | 39.15% | 707,732,230.87 | 26.15% | 9.98% |
| Propertyrental | 53,810,156.97 | 2.71% | 102,026,517.70 | 3.77% | -47.26% |
| Byoperatingsegment | |||||
| Shenzhen | 1,570,922,892.64 | 79.01% | 2,477,765,972.22 | 91.54% | -36.60% |
| Other | 417,376,947.60 | 20.99% | 229,019,666.08 | 8.46% | 82.25% |
OperatingDivision,ProductCategoryorOperatingSegmentContributingover10%ofOperatingRevenueorOperatingProfit?Applicable□Notapplicable
Unit:RMB
| Operatingrevenue | Costofsales | Grossprofitmargin | YoYchangeinoperatingrevenue(%) | YoYchangeincostofsales(%) | YoYchangeingrossprofitmargin(%) | |
| Byoperatingdivision | ||||||
| Propertydevelopment | 1,156,147,570.46 | 334,703,848.75 | 71.05% | -39.05% | 30.62% | -15.44% |
| Propertymanagement | 778,342,112.81 | 674,642,686.47 | 13.32% | 9.98% | 11.56% | -1.23% |
| Byproductcategory | ||||||
| Propertydevelopment | 1,156,147,570.46 | 334,703,848.75 | 71.05% | -39.05% | 30.62% | -15.44% |
| Propertymanagement | 778,342,112.81 | 674,642,686.47 | 13.32% | 9.98% | 11.56% | -1.23% |
| Byoperatingsegment | ||||||
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable?NotapplicableAnyover30%YoYmovementsinthedataaboveandwhy:
□Applicable?Notapplicable
IVAnalysisofNon-CoreBusinesses
?Applicable□Notapplicable
Unit:RMB
Amount
| Amount | As%oftotalprofit | Mainsource/reason | Recurrentornot | |
| Returnoninvestment | 946,914.05 | 0.28% | Shareofprofitsofjointventures | Yes |
| Gain/lossonchangesinfairvalue | 0.00 | 0.00% | ||
| Assetimpairments | 3,302.47 | 0.00% | Inventoryvaluationallowances | Not |
| Non-operatingincome | 2,546,068.46 | 0.76% | Governmentgrants | Not |
| Non-operatingexpense | 1,417,586.84 | 0.42% | Liquidateddamagespaidfordelayeddelivery | Not |
| Creditimpairmentloss | -14,462,076.54 | -4.33% | Allowancesfordoubtfulaccounts | Not |
VAnalysisofAssetsandLiabilities
1.SignificantChangesinAssetComposition
Unit:RMB
| 30June2022 | 31December2021 | Changeinpercentage(%) | Reasonforanysignificantchange | |||
| Amount | As%oftotalassets | Amount | As%oftotalassets | |||
| Monetaryassets | 1,849,085,199.61 | 12.19% | 2,337,067,963.55 | 15.76% | -3.57% | Paymentforland |
| Accountsreceivable | 372,687,342.05 | 2.46% | 295,184,881.92 | 1.99% | 0.47% | Increasedpropertymanagementfeesreceivable |
| Inventories | 9,887,020,742.83 | 65.19% | 9,125,134,062.27 | 61.54% | 3.65% | Increasedlandbank |
| Investmentproperty | 466,359,148.85 | 3.07% | 452,419,511.17 | 3.05% | 0.02% | |
| Long-termequityinvestments | 51,220,215.75 | 0.34% | 50,360,681.37 | 0.34% | 0.00% | Increasedreturnsfromjointventures |
| Fixedassets | 89,069,782.55 | 0.59% | 114,155,590.40 | 0.77% | -0.18% | Reclassificationofassets |
| Right-of-useassets | 71,219,989.28 | 0.47% | 71,472,680.73 | 0.48% | -0.01% | |
| Contractliabilities | 825,293,704.21 | 5.44% | 1,371,850,725.60 | 9.25% | -3.81% | Operatingrevenuecarryforwards |
| Long-termborrowings | 3,779,015,668.00 | 24.92% | 3,524,500,000.00 | 23.77% | 1.15% | Newbankloan |
| Leaseliabilities | 81,328,041.64 | 0.54% | 83,081,182.89 | 0.56% | -0.02% | |
| Otherreceivables | 849,028,570.14 | 5.60% | 868,843,269.71 | 5.86% | -0.26% | Recoveryofcertaincurrentaccountsandincreasedallowancesfordoubtfulaccounts |
| Deferredincometaxassets | 1,360,135,643.80 | 8.97% | 1,279,816,590.32 | 8.63% | 0.34% | IncreasedlandVATprovisions |
| Othernon-currentassets | 2,750,873.08 | 0.02% | 45,571,997.85 | 0.31% | -0.29% | Prepaymentforequityacquisitiontransferredtolong-termequity |
investmentsasacquireehasbeentransferred
| investmentsasacquireehasbeentransferred | ||||||
| Accountspayable | 299,749,726.45 | 1.98% | 351,831,212.23 | 2.37% | -0.39% | Increasedpaymentsforengineering |
| Advancesfromcustomers | 11,924,111.88 | 0.08% | 3,744,582.25 | 0.03% | 0.05% | Increasedrentaladvances |
| Otherpayables | 1,834,012,894.06 | 12.09% | 1,027,613,690.94 | 6.93% | 5.16% | IncreaseddividendspayableandreceiptofcooperationfundsfromcooperationpartyYangzhouWuhe |
| Othernon-currentliabilities | 118,749,645.02 | 0.78% | 126,059,683.08 | 0.85% | -0.07% | Decreasedoutputtaxwithheld |
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 | 1,002,551.95 | -118,365.58 | 30,786.35 | 914,972.72 | ||||
| Subtotaloffinancialassets | 1,002,551.95 | -118,365.58 | 30,786.35 | 914,972.72 | ||||
| Totaloftheabove | 1,002,551.95 | -118,365.58 | 30,786.35 | 914,972.72 | ||||
| Financialliabilities | 0.00 | 0.00 |
Contentsofotherchanges:
Otherchangeswereresultedfromexchangeratemovements.SignificantchangestothemeasurementattributesofthemajorassetsintheReportingPeriod:
□Yes?No
4.RestrictedAssetRightsasatthePeriod-End
Unit:RMB
| Item | Endingcarryingvalue | Reasonforrestriction |
Monetaryassets
| Monetaryassets | 375,888,953.54 | [Note1]-[Note9] |
| LanduserightsatFuminNewVillage,FutianDistrict,Shenzhen | 542,507,314.43 | [Note10] |
| Total | 918,396,267.97 |
[Note1]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasabankguaranteeofRMB368,609,058.40issuedbytheCompanyin2021forthesupervisionoftheimplementationentityoftheurbanrenewalunitprojectPhaseIIinBanglingArea,GuanlanStreet,LonghuaDistrictofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.,ofwhichtheprincipalwasRMB365,765,440.00andtheinterestwasRMB2,843,618.40.[Note2]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanescrowdepositofRMB44,757.83inthecateringbranchofthesubsidiarycompanyShandongShenguomaoRealEstateManagementCo.,Ltd.[Note3]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanadvancepaymentguaranteeofRMB459,627.50issuedbythesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.inDecember2021fortheupgradingandreconstructionofthesmartparkofShenzhenBayEco-TechnologyParkandthesoftwareplatformdevelopmentcontract.[Note4]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,000,000.00inthesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.blockedbythecourtduetopre-litigationpreservationforcontractdisputes.[Note5]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaloandepositofRMB1,127,757.03providedasmortgageloanguaranteesforcommercialhousingpurchasersandpaidbytheCompanyasarealestatedeveloperaccordingtorealestatebusinesspractices.[Note6]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB2,346,666.67ofinterestonunexpiredtermdepositsaccruedattheperiod-end.[Note7]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB16,111.20ofinterestonlarge-denominationCDs(morethanoneyear).[Note8]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB128,974.91intheaccountofthesubsidiarycompanyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.Theaccountwasinareceiving-onlystatusbecausethelegalpersonchangeformalitieshadnotbeencompletedbytheperiod-end.[Note9]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasarestrictedfundofRMB156,000intheblockedaccountofthesubsidiarycompanyShenzhenHuazhengpengPropertyManagementCo.,Ltd.[Note10]Duetotheneedsofdailybusinessactivities,theCompanyappliedforaloanfromBankofCommunicationsCo.,Ltd.ShenzhenBranchandmortgagedthelanduserightofFuminNewVillage,FutianDistrict.TheloanhasadurationfromNovember27,2020toNovember27,2023andappliesfloatinginterestrates,withthefirstexecutioninterestratebeing4.655%.
VIInvestmentsMade
1.TotalInvestmentAmount
□Applicable?Notapplicable
2.MajorEquityInvestmentsMadeintheReportingPeriod
?Applicable□Notapplicable
Unit:RMB
| Nameofinvesteecorporati | Mainbusinesses | Invest | Investedamount | Shareholding | Sourceoffund | Partners | Investmentduratio | Producttype | Statusasatthe | Predictedreturn | Investmentreturn | Whether | Dateofdisclosure(if | Disclosureindex(ifany) |
on
| on | mentmethod | percentage(%) | n | balancesheetdate | inthecurrentperiod | involvedinanylegalactions | any) | |||||||
| ShenzhenPropertyManagementCo.,Ltd. | Propertymanagementservices | Acquisition | 196,676,700.00 | 100% | Equityfundsandbankloan | ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.andShenzhenSPGInvestmentCo.,Ltd. | Long-term | Equityinterest | Ownershiptransferred | 196,676,700.00 | 1,897,738.60 | No | 15February2022 | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinShenzhenPropertyManagementCo.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2022-01). |
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | Propertymanagementservices | Acquisition | 20,898,800.00 | 100% | Equityfundsandbankloan | ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Long-term | Equityinterest | Ownershiptransferred | 20,898,800.00 | -1,927,102.71 | No | 25February2022 | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinShenzhenForeignTradePropertyManagementCo.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2022-06). |
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | Propertymanagementservices | Acquisition | 59,942,200.00 | 100% | Equityfundsandbankloan | ShenzhenShenfubao(Group)Co.,Ltd. | Long-term | Equityinterest | Ownershiptransferred | 59,942,200.00 | 3,057,582.09 | No | 25February2022 | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2022-05). |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Buildingprojectconstruction,municipalprojectconstruction,dailyoperationandmaintenanceofmunicipalpublicfacilities,roadcleaning,etc. | Acquisition | 21,729,700.00 | 100% | Equityfundsandbankloan | ShenzhenShenfubao(Group)Co.,Ltd. | Long-term | Equityinterest | Ownershiptransferred | 21,729,700.00 | -863,505.35 | No | 25February2022 | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2022-05). |
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | Propertysecurityandenterpriseinternalsecurity | Acquisition | 3,780,500.00 | 100% | Equityfundsandbankloan | ShenzhenShenfubao(Group)Co.,Ltd. | Long-term | Equityinterest | Ownershiptransferred | 3,780,500.00 | -611,814.96 | No | 25February2022 | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinThreeEnterprisesOwnedby |
ShenzhenShenfubao(Group)Co.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:
2022-05).
| ShenzhenShenfubao(Group)Co.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2022-05). | ||||||||||||||
| Total | -- | -- | 303,027,900.00 | -- | -- | -- | -- | -- | -- | 303,027,900.00 | 1,552,897.67 | -- | -- | -- |
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 | GintianA,GintianB | 3,565,856.06 | Fairvaluemethod | 1,002,551.95 | 0.00 | -118,365.58 | 0.00 | 0.00 | 30,786.35 | 914,972.72 | Investmentsinotherequityinstruments | ObtainedinGintian’sdebtrestructuring |
| Total | 3,565,856.06 | -- | 1,002,551.95 | 0.00 | -118,365.58 | 0.00 | 0.00 | 30,786.35 | 914,972.72 | -- | -- | ||
(2)InvestmentsinDerivativeFinancialInstruments
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
5.UseofFundsRaised
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
VIISaleofMajorAssetsandEquityInvestments
1.SaleofMajorAssets
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
2.SaleofMajorEquityInvestments
□Applicable?NotapplicableVIIIPrincipalSubsidiariesandJointStockCompanies
?Applicable□NotapplicablePrincipalsubsidiariesandjointstockcompanieswithanover10%effectontheCompany’snetprofit
Unit:RMB
Name
| Name | RelationshipwiththeCompany | Principalactivity | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
| ShenzhenHuangchengRealEstateCo.,Ltd. | Subsidiary | Developmentandsalesofrealestate | 30,000,000.00 | 7,376,045,265.59 | 2,771,030,762.00 | 872,813,128.83 | 356,103,466.50 | 267,749,996.55 |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | Subsidiary | Developmentandsalesofrealestate | 50,000,000.00 | 30,225,051.90 | -43,517,106.79 | 251,006,417.40 | 34,245,280.58 | 33,265,242.45 |
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | Subsidiary | Propertymanagementservices | 20,000,000.00 | 1,590,053,601.13 | 296,771,752.95 | 780,186,750.47 | 39,984,090.08 | 27,048,907.30 |
SubsidiariesobtainedordisposedintheReportingPeriod?Applicable□Notapplicable
| Subsidiary | HowsubsidiarywasobtainedordisposedintheReportingPeriod | Effectsonoveralloperationsandoperatingperformance |
| ShenzhenWuheUrbanRenewalCo.,Ltd. | Newlyestablished | Revenue:RMB0.7millionNetprofit:RMB-0.56million |
| ShenzhenTongluWuheInvestmentDevelopmentCo.,Ltd. | Newlyestablished | Revenue:RMB0.44millionNetprofit:RMB-0.38million |
| YangzhouWuheRealEstateCo.,Ltd. | Newlyestablished | Revenue:RMB0Netprofit:RMB-0.47million |
| ShenzhenGuomaoIndustrialSpaceServiceCo.,Ltd. | Newlyestablished | Revenue:RMB0Netprofit:RMB-0.1thousand |
| ShenzhenPropertyManagementCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB67.6millionNetprofit:RMB0.04million |
| ShenzhenShenwuElevatorCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB2.69million |
Netprofit:RMB0.06million
| Netprofit:RMB0.06million | ||
| ShenzhenShenfangRealEstateCleaningCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB4.64millionNetprofit:RMB0.1million |
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB16.35millionNetprofit:RMB-1.89million |
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB63.91millionNetprofit:RMB0.71million |
| ShenzhenFubaoUrbanResourceManagementCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB1.76millionNetprofit:RMB-0.84million |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB17.03millionNetprofit:RMB-2.86million |
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB11.99millionNetprofit:RMB-0.69million |
Notestotheprincipalsubsidiariesandjointstockcompanies:
IXStructuredBodiesControlledbytheCompany
□Applicable?Notapplicable
XRisksFacingtheCompanyandCountermeasures
1.MarketriskUndertheguidanceofthepolicythat"housesareforlivingin,notforspeculatingon",thedemandsideoftherealestatemarketremainsinthedownwardchannelandthecentralgovernmentimposesgenerallystringentfinancialregulationovertherealestatemarket.Consequently,therehasbeenashiftfromlanddividendstomanagementdividendsintherealestateindustry.Inparticular,itposesunprecedentedchallengestobusinesscapabilitiessuchascostdesignandengineering.TheadvancementofurbanrenewalprojectsisconfrontedwithcomplicatedconditionsandformidableobstaclesandtheCompany'sbusinessanddevelopmentfaceopportunitiesandchallenges.Undergrimcircumstances,theCompanythoroughlystudiedtheopportunitiesandchallengesbroughtaboutbymacroeconomictrendsandpolicymovements,adheredto“expandingthemainbusinessandmakingbreakthroughsinotherbusinesses”,activelysoughtthestrategicbreakthroughdirectionandadheredtoprudentoperation.Additionally,itraisedfundsfrommultiplechannels,focusedonenhancingthemanagementlevelandseizedopportunitiesinthelandmarket.BasedinShenzhen,theCompanyaimstoextenditspresencetotheGuangdong-HongKong-Macaometropolitanareaandsurroundingareasandstrivestoimproveitssustainabledevelopmentcapabilities.
2.LandReserveRiskAsamatteroffact,theCompanystilllacksenoughlandreservesanddevelopmentpoweratlaterstages.Inrecentyears,thesupplyofresidentiallandonShenzhenMarkethascontinuouslydeclined.Variouslarge-scalerealestateenterpriseshaveenlargedtheirmarketsharesandacceleratedtheirM&Apace.Whiletherealestateindustryiscentralizing,thedegreeofcentralizationofthelandreservescalehasalsobeenenhanced.Astheexternalenvironmentandtheindustry’strendbecomemuchmorecomplicatedandsevere,theincrementmarketscalewillfurthershrinkandthemarketcompetitionwillbecomeincreasinglyfierce.Facingthechallenges,theCompanywillcontinuetoexpandthroughmarketcompetition,capitaloperationandurbanrenewal,increaselandreservesandpromotethelaunchofprojects.Inrespecttopropertytype,residentialprojectswillfocusonGuangdong-HongKong-MacaoGreaterBayArea,YangtzeRiverDeltametropolitanareaandareaswhereexistingprojectslocate,andgraduallyturntocentralurbanagglomerationsurroundingWuhan,keycitiesinChengdu-ChongqingintheWestandthoseinBeijing,TianjinandHebei.UrbanrenewalprojectswillfocusonShenzhen,DongguanandHuizhou,andfollow-upofurbanrenewalprojectsinGuangzhou.ComprehensiveindustryandurbanprojectswillfocusonGuangdong-HongKong-MacaoGreaterBayArea,YangtzeRiverDeltaregion,WuhanregioninthecentralpartandChengdu-ChongqingareaintheWest.
3.FinancingRiskInordertoeffectivelypreventfinancialrisksrelatedtorealestate,thecentralgovernmenthastightenedthefinancialregulationofrealestate.Thetoughregulationofthe"threeredlines"generallyremainsunchanged,andthefinancingofrealestateenterprisesisstillunderstrictrestriction.2022isayearofintensiveprojectdevelopmentandhugecapitaldemandfortheCompany,whichneedstoinvestalargeamountofcapitalforprojectdevelopmentandbusinessdevelopment.Inadditiontoitsownfunds,theCompanyalsoneedstoconductexternalfinancingbymeansofbankloanandissuanceofnegotiablesecurities.Currently,theCompanyhassteadyfinancialsituationandgoodcreditcondition,andwillfurtherstrictlycontrolfinancialrisks,activelyexplorevariousfinancingchannelssoastoraisefundsforprojectdevelopmentinthefuture.
4.PandemicriskTheimpactofCOVID-19continues,andmarketuncertaintiesremainactive.ShenzhenwasgreatlyaffectedbytheCOVID-19pandemicinthefirsthalfof2022.Specifically,Intherealestatesegment,therealestateprojectsoftheCompany,especiallythoseintheShenzhen-adjacentarea,wereaffectedbythepandemicinsuchaspectsasinvestment,constructionprogress,financingenvironmentandsalesrhythm,bringinggreatpressuretosubsequentfundswithdrawaloftheCompany;intermsofthepropertymanagementsegment,theCompanyneedstomeethigherandstricterrequirementsinpropertymanagementlevelandriskpreventionandcontrolcapability;intermsoftheindustrialoperationsegment,therentalmarketwassignificantlyimpactedbythepandemic,andtheCompany'sbusinessoperationcapabilityisfacingaseveretest.TheabovebusinessplanandbusinessobjectivesdonotrepresentthelistedCompany’sprofitforecastfor2022.Whetheritcanbeachieveddependsonvariousfactorsincludingchangesinmarketconditionsandtheeffortmadebythemanagementteam.Investorsmustpayspecialattentiontothatbecausethereexistshugeuncertainty.
PartIVCorporateGovernance
IAnnualandExtraordinaryGeneralMeetingConvenedduringtheReportingPeriod
1.GeneralMeetingsConvenedduringtheReportingPeriod
Meeting
| Meeting | Type | Investorparticipationratio | Conveneddate | Disclosuredate | Resolutionofthemeeting |
| The2021AnnualGeneralMeeting | AnnualGeneralMeeting | 60.68% | 17May2022 | 18May2022 | TheMeetingconsideredandapprovedtheReportontheWorkoftheBoardofDirectorsfor2021,theReportontheWorkoftheSupervisoryCommitteefor2021,theAnnualReport2021,theReportontheFinancialAccountsfor2021,theReportontheFinancialBudgetfor2022,theProposalontheDistributionofProfitsandCapitalizationofCapitalReservefor2021,theProposalontheComprehensiveCreditLineandFinancingLimitfor2022,theProposaltoExpectContinuingRelated-partyTransactionsfor2022andtheProposaltoRenewtheAppointmentofAccountingFirm,etc.Fordetails,pleaserefertotheAnnouncementofResolutionsoftheAnnualGeneralMeetingofShareholdersfor2021withthenumber2022-19onCninfo(www.cninfo.com.cn). |
| TheFirstExtraordinaryGeneralMeetingof2022 | ExtraordinaryGeneralMeeting | 59.98% | 20July2022 | 21July2022 | TheProposalontheSubsidiary'sParticipationintheBiddingforLandUseRightsandSubsequentLandDevelopmentofNo.2021WR023LandPlotinChigangCommunity,HumenTown,DongguanCity,theProposalontheCompany'sParticipationintheBiddingforLandUseRightsandSubsequentLandDevelopmentofNo.A606-0258LandPlotinYutangSub-district,GuangmingDistrict,ShenzhenCity,theProposalonthePurchaseofLiabilityInsuranceforDirectors,SupervisorsandSeniorManagers,andtheProposalonElectionofMr.MaHongtaoasShareholderRepresentativeSupervisoroftheTenthBoardofSupervisorsoftheCompanyweredeliberatedandapprovedduringthe1stExtraordinaryGeneralMeetingof2022.Fordetails,seetheAnnouncementonResolutionsofthe1stExtraordinaryGeneralMeetingof2022(No.2022-31)publishedonCninfo(www.cninfo.com.cn). |
2.ExtraordinaryGeneralMeetingsConvenedattheRequestofPreferenceShareholderswithResumedVotingRights
□Applicable?Notapplicable
IIChangesinDirectors,SupervisorsandSeniorManagement
?Applicable□Notapplicable
Name
| Name | Officetitle | Typeofchange | Dateofchange | Reasonforchange |
| WeiXiaodong | Director | Resigned | 29June2022 | Reassignment |
| DaiXianhua | SupervisorandChairmanoftheSupervisoryCommittee | Resigned | 20July2022 | Reachingthestatutoryretirementage |
| ZhangZhimin | Director | Elected | 29June2022 | Electedataworkers’congress |
| MaHongtao | SupervisorandChairmanoftheSupervisoryCommittee | Elected | 20July2022 | Electedatageneralmeetingofshareholders |
IIIInterimDividendPlan
□Applicable?NotapplicableTheCompanyhasnointerimdividendplan,eitherintheformofcashorstock.
IVEquityIncentivePlans,EmployeeStockOwnershipPlansorOtherIncentiveMeasuresforEmployees
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
PartVEnvironmentalandSocialResponsibility
IMajorEnvironmentalIssues
IndicatebytickmarkwhethertheCompanyoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
□Yes?NoAdministrativepenaltiesimposedforenvironmentalissuesduringtheReportingPeriod
Nameofthecompanyorsubsidiarycompany
| Nameofthecompanyorsubsidiarycompany | Penaltyreason | Violationsituation | Penaltyresult | Impactontheproductionandoperationofthelistedcompanies | RemediationmeasuresoftheCompany |
| None | None | None | None | None | None |
OtherenvironmentalinformationdisclosedwithreferencetokeyemissionunitsTheCompanyattachesgreatimportancetoenvironmentalprotectionandstrictlyimplementsrelevantlawsandregulations.DuringtheReportingPeriod,nomajorenvironmentalviolationsoccurredandnoadministrativepenaltieswereimposedonenvironmentalprotection.ActionstakentoreducecarbondioxideemissionsduringtheReportingPeriodandtheimpact:
□Applicable?NotapplicableReasonsfornotdisclosingotherenvironmentalinformationNeithertheCompanynoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
IISocialResponsibility
(I)VisitseriouslyillemployeesindifficultyOn20January2022,thePartyCommitteeofSZPRDorganizedasymposiumtoextendregardstotheemployeesindifficultybeforetheSpringFestival.LiuShengxiang,SecretaryofthePartyCommitteeoftheGroupandChairmanoftheGroup,andWeiXiaodong,DeputySecretaryofthePartyCommitteeoftheGroupdeliveredsympathyfundsanditemsamountingtoapproximatelyRMB110,000torepresentativesofPartymembersandemployeesindifficulty,makingthemfeelthecareandwarmthoftheGroupasanextendedfamily.Duringthesymposium,GroupleaderscommunicatedwithPartymembersandrepresentativesofemployeesindifficultyandlearnedabouttheirworkandlifeindetail.LiuShengxiang,SecretaryofthePartyCommitteeoftheGroupandChairmanoftheGroup,introducedtheGroup'sstrategicplanningunderthe14thFive-YearPlan,fruitfulachievementsmadebytheGroupin2021andtheGroup'sdeploymentofkeyworkfor2022,whilefullyaffirmingandsincerelythankingallthePartymembersandemployeesindifficultyfortheirearnestperformanceofdutiesinspiteofnumerousdifficulties.Mr.LiustressedthatthedevelopmentoftheGroupisinseparablefromthestrongleadershipofShenzhenSASACandSIHC,andthetirelesseffortsandselflesscontributionofleadingcadresatalllevelsandgrassrootsemployeesoftheGroup.Intheprocessofdevelopment,theGroupwillneverletanyemployeefallbehind.Finally,heexpressedthehopethattheGroup'sPartymembersandemployeesindifficultywouldfacelifebravelywithapositiveattitudeandthedeterminationtoovercomedifficulties,andgetoutofdifficultiestoliveahappyandhealthylifeassoonaspossible.Afterthesymposium,GroupleadersdeliveredsympathyfundsanditemsaswellassincereNewYearwishestotherepresentativesofartymembersandemployeesindifficulty,hopingthattheycouldhaveasafeandpeacefulSpringFestival.
(II)GatherstrengthofvolunteerstohelpShenzhenfightagainstCOVID-19AtthecriticaljunctureofpandemicpreventionandcontrolinShenzhen,ThePartyCommitteeoftheGroupissuedtheJoiningHandsInFightingAgainstCOVID-19:AProposaltoPartyOrganizationsatAllLevelsandAllPartyMembersofSZPRDonMarch16,callingonPartymembers,cadresandemployeestofullycarryforwardthespiritoffearlessnessandselflessdedication,andturnintovolunteersforpandemicpreventionandcontrollocallyornearbytojoinhandswiththecommunityinfightingagainstCOVID-19.Withinjustonedayuponissuanceoftheaforesaidproposal,morethan80Partymembers,cadresandemployeesoftheGrouplivinginLuohuDistrictrespondedpositivelyandvolunteeredtoparticipateinlocalandnearbyvoluntaryserviceactivitiesinthefrontlineofthefightagainstCOVID-19inLuohuDistrict,mainlyinvolvingsuchworkasnucleicacidtesting,materialhandling,ordermanagement,publicityandguidance,throughwhichtheysuccessfullybringthespiritof"daringtobethefirst,andstrugglingforwardthroughreform"oftheShenzhenInternationalTradeCenterBuildingtothefrontlineofthefightagainstCOVID-19,andprovideasolidguaranteeforthehealthandsafetyofShenzhencitizens.SincetheoutbreakofCOVID-19inShenzhen,thePartyCommitteeofSZPRDhasattachedgreatimportancetopandemicpreventionandcontrolaswellasworksafety,andassistedthecommunityinfightingagainstthepandemicformanytimes.Uptonow,theGrouphasarrangedmorethan130volunteerstothefrontlineofthefightagainstCOVID-19,makingduecontributionstoShenzhen'sfightagainstthepandemicasastate-ownedenterprise.(III)ReduceandexemptrentaltotalingapproximatelyRMB50millionforenterprisesindifficultyInordertofirmlyimplementtheworkrequirementsofShenzhenSASACandSIHC,SZPRDactivelyfulfillsitssocialresponsibilitiesandimplementsvariousmeasuresforrentalreductionandexemptionbystate-ownedenterprises(hereinafterreferredtoas"SOErentalreductionandexemptionmeasures").By15July2022,theGrouphadcompletedrentalreductionandexemptiontotalingRMB49,679,400forexistingtenants,benefiting504smallandmicroenterprises,197householdindustrialandcommercialentitiesandfourprivatekindergartens,withaviewtoeffectivelyalleviatingthepandemicimpactonsmallandmicroenterprises,andmakingeveryefforttohelpmarketentitiestideoverdifficulties.First,theGrouppracticallyassumestheresponsibilityforrentalreductionbasedonscientificcoordinationandrapidresponse.Inordertoacceleratetheimplementationofrentalreductionandexemptionpolicies,theGroupeffectivelyfulfillsitsentityresponsibility,andestablishesaSOErentalreductionandexemptionworkinggroupinthefirsttimetocoordinateandorganizetheimplementationofrentalreductionandexemptionfortheGroupanditsaffiliatedenterprises.TheGrouporganizestheformulationoftheWorkPlanofSZPRDforImplementingSOERentalReductionandExemptionandrelevantworkguidelinestorefinetheworkingmechanism,reviewandapprovalauthorityandreviewprocess,andtoclarifyhousestobeincludedintherentalreductionandexemptionmeasures,theperiodofreductionandexemptionaswellasapplicableobjectsandidentificationmethods.Moreover,italsoreleasesrentalreductionandexemptionannouncementsthroughWeChatgroupsandbulletinboardstodisclosesuchinformationasacceptancemethod,contactpersonandcontactnumber,sothatalltenantscanbeawareofrelevantrentalreductionandexemptionpolicies,throughwhichtheGroupovercomesthecurrentdifficultiestogetherwithsmallandmicroenterprisesandothermarketentities,andwelldemonstratesitsassumptionofresponsibilityasastate-ownedenterprise.Second,theGroupweavesacompact"guaranteenetwork"forrentalreductionbasedonextensivepublicityandGroup-wideverticallinkage.Aftertheofficiallaunchofrentalreduction,allaffiliatedenterprisesoftheGrouptimelytaketheinitiativetovisittenants,guidetenantstosubmitmaterials,andsimplifythedeclarationprocess,soastoeffectivelyopenupthe"lastkilometer"fortheimplementationofrentalreductionpolicy.TheGroupestablishesaneffectiveroutineworkingmechanismtostrengthencommunicationandliaisonamongallparties,properlydealwiththedemandsofallparties,andcomprehensivelyaddresstheproblemsencounteredinpracticaloperation.TheGroupandallitsaffiliatedenterprisesdisseminaterentalreductionandexemptionpoliciesacrossalllevelsand,forunitsandindividualsreallyunabletoenjoysuchpolicies,relievetheirnegativeemotionsthroughpatientexplanation,thankstowhichtheyhaven'texperiencedanycomplaintorpetitioneventsofar.
Basedonthefullinvestigationintheearlystage,theGroup,inviewoftheproblemsandspecialcasescentrallyreflectedbyitsaffiliatedenterprisesduringtheirimplementationofrelevantpolicies,organizesanumberofspecialmeetingsonthepromotionofrentalreductionandexemptiontofurtherclarifysuchissuesaspolicybasis,implementationentityandapplicationscope,soastoensurethepreciseandfullimplementationofrentalreductionandexemptionmeasures.Third,theGroupstandardizesoperation,strengthensreview,anddoeswellinthereviewofrentalreduction.AlltheGroup'saffiliatedenterprisesstrictlyfulfillandimprovethedecision-makingprocessforSOEhousingrentalreductionandexemptionmatters.Inlinewiththerequirementsof"onepolicyforoneenterprise"and"onearchiveforonehousehold",theGroupreviewsthematerialssubmittedbymorethan700tenantapplicantsbatchbybatchanditembyitem,includingentityqualificationdeclarationdocument,businesslicense,taxpaymentcertificate,etc.,basedonwhichstrictlyandcarefullyscreenstheobjectsofrentalreduction,andverifiesthebusinessscopeandactualrentalsituationoftenants,soastoensurethecomplianceofrentalreductionobjectswithrelevantlawsandregulations.Inviewofthespecialmattersoccurredintheprocessofrentalreductionandexemption,theGroupholdstworoundsofsymposiaonthelistofbeneficiariesfordeliberation.Basedonthedeliberationresults,theGrouptakessuchindexesasrentalperiod,rentalstandardandrentalreductionperiodasthedeterminationbasisforreductionandexemptionamount,clearlyrequiresmiddlemanlandlordssubleasingstate-ownedhousestoensurethefinallesseebenefitfromrentalreductionandexemptioninlinewiththerequirementsof"achievingrentalreductionandexemptiontothemaximumpossibleextent"and,premisedonthestandardizationofrentalreductionandexemptionprocedures,enablesflexiblereductionandexemptionbymeansofdirectreturnofrentalordeductionfromsubsequentunpaidrentalfollowingtheprincipleof"implementingpoliciesbycategoryinanactiveandstablemanner,anddoingtheutmosttosatisfycommercialtenants",withaviewtofurtherreducingresistancetorentalreductionandexemption.Next,theGroupwillcontinuetocoordinatevariousrentalreductionandexemptionwork,conductrentalreductionandexemptionforincrementaltenants,expandtheeffectsoftheaforesaidwork,helpmarketentitiesovercomedifficulties,andstimulatethedevelopmentvitalityofsmallandmicroenterprises.
PartVISignificantEvents
ICommitmentsoftheCompany’sDeFactoController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandOtherEntitiesFulfilledintheReportingPeriodorOngoingatthePeriod-End?Applicable□Notapplicable
Commitment
| Commitment | Promisor | Typeofcommitment | Detailsofcommitment | Dateofcommitmentmaking | Termofcommitment | Fulfillment |
| Othercommitmentsmadetominorityshareholders | ShenzhenInvestmentHoldingsCo.,Ltd. | Performancecommitmentandcompensationarrangement | SIHCsighedequitytransfercontracton100%equitytransferofTKPropertywiththeCompany,andthecontractstipulatedrelevantcommitmentsonperformance1. | 23September2019 | Threeyears | Expired2 |
| Fulfilledontime | Yes | |||||
Note1:SIHCsighedequitytransfercontracton100%equitytransferofTKPropertywiththeCompany,andthecontractstipulated:1.SIHCpromisesthatthecumulativenetprofits(netprofitafterdeductingextraordinaryitems)ofTKPropertyfrom2019to2021willnotbelessthan18%oftheequitytransferpaymentamountofthistransaction,i.e.three-yearcumulativenetprofits≥equitytransferpayment*18%.TheabovenetprofitsaresubjecttotheamountwhichisconfirmedbyauditedfinancialreportofTKProperty.2.Incasethree-yearcumulativeprofitsofTKPropertyfailstoreachabovepromisedamount,SIHCshallcompensatetheinsufficientparttotheCompanyinfullamountbycash.Incasethree-yearcumulativeprofits(netprofitafterdeductingextraordinaryitems)ofTKPropertyismorethanthepromisedamount,theCompanywillnotrefund.3.IncaseSIHCneedstofulfillperformancecompensationobligation,itshallcompletetheperformancecompensationobligationwithin30daysafterreceivingthecompensationnoticeoftheCompany,andthespecificdeliverymethodwillbeagreedbybothparties.IncaseSIHCdelaystopaytheperformancecompensation,itshallpayliquidateddamagesof3/10000ofunpaidamountforeachdaydelay.Incaseoffailingtopayformorethan90days,thenCompanyhastherighttocancelthecontract.On27November2019,theCompanycompletedtheproceduresforregistrationchangesinindustryandcommerceregarding100%equitytransferofTKProperty.AccordingtotheEquityTransferContractandtheauditresultonprofitorlossoftransitionalperiodintheauditreport,thefinalpriceforthisequitytransferwasdeterminedbilaterallyasRMB1,027,382,513.56.Note2:TheauditresultsofBakerTillyInternational(SpecialGeneralPartner)showthat,bytheendof2021,thecumulativenetprofitupondeductionofnon-recurringgainsandlossesofITCTechnologyParkCompanyduringthethree-yearperformancecommitmentperiodof2019-2021wasRMB212,788,300,andtheportionexceeding18%oftransactionequitytransferpayment(RMB184,928,900)amountedtoRMB27,859,400.Thethree-yearcumulativenetprofitoftheITCTechnologyParkCompanyhasreachedthepromisedamount.AccordingtotheEquityTransferContract,itisunnecessaryforSIHCtocompensatetheCompanyincash,andtheCompanywillnotreturntheportionexceedingthepromisedamount(RMB27,859,400intotal)toSIHC.Thethree-yearcumulativenetprofitoftheITCTechnologyParkCompanyhasreachedthepromisedamount.AccordingtotheEquityTransferContract,itisunnecessaryforSIHCtocompensatetheCompanyincash,andtheCompanywillnotreturntheportionexceedingthepromisedamount(RMB27,859,400intotal)toSIHC.Thiscommitmenthasalreadybeenfulfilledsofar.
IIOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.IIIIrregularitiesintheProvisionofGuarantees
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
IVEngagementandDisengagementofIndependentAuditor
Aretheinterimfinancialstatementsaudited?
□Yes?NoThisInterimReportisunaudited.
VExplanationsGivenbytheBoardofDirectorsandtheSupervisoryCommitteeRegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsoftheReportingPeriod
□Applicable?Notapplicable
VIExplanationsGivenbytheBoardofDirectorsRegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsofLastYear
□Applicable?Notapplicable
VIIInsolvencyandReorganization
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
VIIILegalMattersSignificantlawsuitsandarbitrations:
?Applicable□Notapplicable
Generalinformation
| Generalinformation | Involvedamount(RMB’0,000) | Provision | Progress | Decisionsandeffects | Executionofdecisions | Disclosuredate | Indextodisclosedinformation |
| TheFourthOwners'CommitteeofShenzhenNanshan | 4,520.93 | Yes | Thefirstsessionofthearbitrationhasbeenconcluded,andthepartiesto | Notyet | Notyet |
DistrictSoftwarePark(Applicant)andShenzhenITCTechnologyParkServiceCo.,Ltd.(Respondent1)andHigh-techZoneBranch(Respondent
2)inthearbitrationcaseofpropertycontractdisputeofSoftwareParkPhaseI.TheApplicantrequestedanawardforRespondents1and2toreturntheowners'publicrevenueandbeartheattorney'sfees.
| DistrictSoftwarePark(Applicant)andShenzhenITCTechnologyParkServiceCo.,Ltd.(Respondent1)andHigh-techZoneBranch(Respondent2)inthearbitrationcaseofpropertycontractdisputeofSoftwareParkPhaseI.TheApplicantrequestedanawardforRespondents1and2toreturntheowners'publicrevenueandbeartheattorney'sfees. | thearbitrationhavedisputedthenumberofamountsinvolvedandhaveappliedforanauditbyathird-partyauditor.Theaudithasnowbeencompletedandfeedbackisbeingsoughtfrombothpartiestothedispute,andthefinalauditreportwillbeissuedshortly. | ||||
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.(plaintiff)suedShenzhenHerunxiangTradeCo.,Ltd.(defendant)forpropertydemolitionandrelocationcompensationcontractdispute.AfterRongyaopaidthedemolitioncompensation,Herunxiangfailedtohandlethecancellationoftherealpropertyownershipcertificateoftherelevantrealestateinaccordancewiththeagreement,whichaffectedthedevelopmentandconstructionprogressofRongyao. | 20,000 | Not | Propertypreservationmeasureshavebeentakenandthecaseisundertrial. | Notyet | Notyet |
| ShenzhenQitianSunshineHotelManagementCo.,Ltd.(plaintiff)suedShenZhenProperties&ResourcesDevelopment(Group)Ltd.(defendant)forpropertyleasingcontractdispute,requestingthedefendanttopaycompensationforinteriordecorationoftherelocatedhouseandrelocationfeeoftheleasedhouseandtoreturnthesubsidyfeeoftheleasedhouse,etc. | 1,144 | Not | ThefirstinstancejudgmentreadsthattheplaintiffShenzhenQitianSunshineHotelManagementCo.,Ltd.shallpayrentofRMB1,050,913.6tothedefendantShenZhenProperties&ResourcesDevelopment(Group)Ltd.withintendaysfromtheeffectivedateofthisjudgment.AlltheclaimsoftheplaintiffShenzhenQitianSunshineHotelManagementCo.,Ltd.wererejected,andtheremainingcounterclaimsofthedefendantShenzhenPropertyDevelopment(Group)Co.,Ltd.wererejected.ShenzhenQitianSunshineHotelManagement | Notyet | Notyet |
Co.,Ltd.hasinstitutedanappeal.
| Co.,Ltd.hasinstitutedanappeal. | |||||
| Summaryofothercontractdisputes | 18,020 | SeePartXFinancialStatements-XIV-2 | SeePartXFinancialStatements-XIV-2 | SeePartXFinancialStatements-XIV-2 | SeePartXFinancialStatements-XIV-2 |
IXPunishmentsandRectifications
□Applicable?Notapplicable
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 | 1,906.69 | 2.45% | 4,100 | No | Cash | 1,906.69 | 30March2022 | AnnouncementonEstimatedContinuingRelated-partyTransactionsin2022(No.:2022-12)disclosedonCninfo |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningpurchaseofcommodity | Managementservices | Marketprinciple | Agreementprice | 4,321.96 | 5.55% | 8,100 | No | Cash | 4,321.96 | 30March2022 |
andprovidingoflabors
| andprovidingoflabors | |||||||||||||
| ShenzhenShentouRealEstateDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Lease | Entrustedmanagementservicesofhouses | Marketprinciple | Agreementprice | 2,801.2 | 52.06% | 7,883 | No | Cash | 2,801.20 | 30March2022 | |
| Total | -- | -- | 9,029.85 | -- | 20,083 | -- | -- | -- | -- | -- | |||
| Large-amountsalesreturnindetail | N/A | ||||||||||||
| GivetheactualsituationintheReportingPeriod(ifany)whereanestimatehadbeenmadeforthetotalvalueofcontinuingrelated-partytransactionsbytypetooccurintheReportingPeriod | Thetotalamountofcontinuingrelated-partytransactionsoftheCompanyin2022isexpectedtobeRMB262.3998million,andactualtotalamountofcontinuingrelated-partytransactionsisRMB144.9672millioninH12022,lowerthantheapprovedline. | ||||||||||||
| Reasonforanysignificantdifferencebetweenthetransactionpriceandthemarketreferenceprice(ifapplicable) | N/A | ||||||||||||
2.Related-PartyTransactionsRegardingPurchaseorDisposalofAssetsorEquityInvestments
?Applicable□Notapplicable
| Relatedparty | RelationshipwiththeCompany | Typeoftransaction | Specifictransaction | Pricingprinciple | Carryingvalueofassetstransferred(RMB’0,000) | Valuationofassetstransferred(RMB’0,000)(ifany) | Transferprice(RMB’0,000) | Methodofsettlement | Gain/lossonthetransaction(RMB’0,000) | Disclosuredate | Indextodisclosedinformation |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | SubsidiaryoftheCompany’sparentcompany | Equityacquisition | AcquisitionofequityinterestsinShenzhenPropertyManagementCo.,Ltd. | Marketvaluation | 3,391.97 | 19,667.67 | 19,667.67 | Cash | 0 | 14December2021 | Note1 |
| ChinaShenzhenForeignTrade | Wholly-ownedsubsi | Equityacquisition | Acquisitionofequityinterestsin | Marketvaluation | 1,192.06 | 2,089.88 | 2,089.88 | Cash | 0 | 14December2021 | Note2 |
(Group)Corp.Ltd.
| (Group)Corp.Ltd. | diaryoftheCompany’sparentcompany | ShenzhenForeignTradePropertyManagementCo.,Ltd. | |||||||||
| ShenzhenShenfubao(Group)Co.,Ltd. | Wholly-ownedsubsidiaryoftheCompany’sparentcompany | Equityacquisition | AcquisitionofequityinterestsinShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | Marketvaluation | 2,461.69 | 5,994.22 | 5,994.22 | Cash | 0 | 14December2021 | Note3 |
| ShenzhenShenfubao(Group)Co.,Ltd. | Wholly-ownedsubsidiaryoftheCompany’sparentcompany | Equityacquisition | AcquisitionofequityinterestsinShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Marketvaluation | 2,152.56 | 2,172.97 | 2,172.97 | Cash | 0 | 14December2021 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | Wholly-ownedsubsidiaryoftheCompany’sparentcompany | Equityacquisition | AcquisitionofequityinterestsinShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | Marketvaluation | 366.87 | 378.05 | 378.05 | Cash | 0 | 14December2021 | |
| Reasonforanybigdifferencebetweenthetransferpriceandthecarryingvalueorvaluation(ifany) | N/A | ||||||||||
| ImpactontheCompany’soperating | See“VIIIChangestotheConsolidationScope”under“PartXFinancialStatements” | ||||||||||
resultsandfinancialcondition
| resultsandfinancialcondition | |
| OperatingresultsduringtheReportingPeriod(forthoseinvolvinganyperformance-relatedagreement) | N/A |
Note1:SeeAnnouncementNo.2021-45onWholly-ownedSubsidiary’sAcquisitionof100%EquityInterestsinShenzhenPropertyManagementCo.,Ltd.&theRelatedPartyTransaction,whichhasbeendisclosedonhttp://www.cninfo.com.cn/.Note2:SeeAnnouncementNo.2021-46onWholly-ownedSubsidiary’sAcquisitionof100%EquityInterestsinShenzhenForeignTradePropertyManagementCo.,Ltd.&theRelatedPartyTransaction,whichhasbeendisclosedonhttp://www.cninfo.com.cn/.Note3:SeeAnnouncementNo.2021-47onWholly-ownedSubsidiary’sAcquisitionof100%EquityInterestsinThreeSubsidiariesofShenzhenShenfubao(Group)Co.,Ltd.&theRelatedPartyTransactions,whichhasbeendisclosedonhttp://www.cninfo.com.cn/.
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) |
| ShenzhenXinhaiHoldingsCo.,Ltd. | TheparentcompanyofthesubsidiaryRongyaoRealEstate’sminorityshareholderXinhaiRongyao | Businesscirculatingfundsbeforeacquisition | No | 40,150 | 40,150 | ||||
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | MinorityshareholderofthesubsidiaryRongyaoRealEstate | Businesscirculatingfundsbeforeacquisition | No | 33,047.29 | 33,047.29 | ||||
| ShenZhenSpecialEconomic | SubsidiaryoftheCompany | Currentaccountsbefore | No | 2,072.23 | 2,072.23 |
ZoneRealEstate&Properties(Group)Co.,Ltd.
| ZoneRealEstate&Properties(Group)Co.,Ltd. | ’sparentcompany | acquisition | |
| 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 | 3,879.67 | 350 | 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)
| 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 |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 18October2019 | 500,000 | 27November2019 | 336,547 | Joint-liability | Securitydeposit | 2019.11.27-2024.11.20 | No | Yes | |
| TotalapprovedlineforsuchguaranteesintheReportingPeriod(B1) | TotalactualamountofsuchguaranteesintheReportingPeriod(B2) | 0 | ||||||||
| Totalapprovedlineforsuchguaranteesattheendofthe | 500,000 | Totalactualbalanceofsuchguaranteesattheendofthe | 336,527 | |||||||
ReportingPeriod(B3)
| ReportingPeriod(B3) | ReportingPeriod(B4) | |||||||||
| Guaranteesprovidedbetweensubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| Totalguaranteeamount(totalofthethreekindsofguaranteesabove) | ||||||||||
| TotalguaranteelineapprovedintheReportingPeriod(A1+B1+C1) | TotalactualguaranteeamountintheReportingPeriod(A2+B2+C2) | 0 | ||||||||
| TotalapprovedguaranteelineattheendoftheReportingPeriod(A3+B3+C3) | 500,000 | TotalactualguaranteebalanceattheendoftheReportingPeriod(A4+B4+C4) | 336,527 | |||||||
| Totalactualguaranteeamount(A4+B4+C4)as%oftheCompany’snetassets | 81.33% | |||||||||
| Ofwhich: | ||||||||||
| Balanceofdebtguaranteesprovideddirectlyorindirectlyforobligorswithanover70%debt/assetratio(E) | 336,527 | |||||||||
| Totalofthethreeamountsabove(D+E+F) | 336,527 | |||||||||
Compoundguarantees:
3.CashEntrustedforWealthManagement
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
4.OtherMajorContracts
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
XIIIOtherSignificantEvents
?Applicable□Notapplicable(I)MattersonwinningofthebidforlanduserightOn18February2022,theCompanyandYangzhouLvfaRealEstateCo.,Ltd.,byjointbidding,wonthestate-ownedlanduserightofNo.GZ342landplotinPingshanTownship,YangzhouatapriceofRMB835,352,910intheonlinelistingauctionofstate-ownedconstructionlanduserightinYangzhou.Fordetails,seetheAnnouncementonWinningoftheBidforLandUseRight(AnnouncementNo.:2022-02)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on19February2022.(II)MattersonappointmentofseniormanagersoftheCompanyTheCompanyheldtheSixthMeetingofthe10thBoardofDirectorson21February2022,wheretheProposalonAppointmentofGeneralManageroftheCompany,theProposalonAppointmentofDeputyGeneralManagerandOfficerinChargeofFinanceoftheCompanyandtheProposalonAppointmentofChiefFinancialOfficeroftheCompanywerereviewedandapproved,andtheBoardofDirectorsagreedtoappointMr.WangHangjunasgeneralmanageroftheCompany,Mr.ChenHongji,Ms.CaiLili,Mr.
LiPengandMr.ZhangGejianasdeputygeneralmanagersoftheCompany,withMs.CaiLiliconcurrentlyservingasofficerinchargeoffinanceoftheCompany,andMs.ShenXueyingaschieffinancialofficeroftheCompany.ThetermofofficeoftheseniormanagersabovestartsfromthedateofreviewandapprovalattheSixthMeetingofthe10thBoardofDirectorsandexpiresonthedateofexpirationofthetermofofficeofthe10thBoardofDirectors.Fordetails,seetheAnnouncementonAppointmentofSeniorManagersoftheCompany(AnnouncementNo.:2022-04)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on22February2022.(III)Mattersonprogressofacquisitionbythewholly-ownedsubsidiaryof100%equityinShenzhenPropertyManagementCo.,Ltd.,threeenterprisesownedbyShenzhenShenfubao(Group)Co.,Ltd.andShenzhenForeignTradePropertyManagementCo.,Ltd.,andprogressofrelevantconnectedtransactionsDuringtheReportingPeriod,allrelevantproceduresforindustrialandcommercialchangeregistrationwerehandledandtheNoticeofChange(forRecordation)approvedbyShenzhenMarketSupervisionAdministrationwasobtainedforacquisitionbyShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.(awholly-ownedsubsidiaryoftheCompany)of100%equityinShenzhenPropertyManagementCo.,Ltd.,ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.,ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.andShenzhenForeignTradePropertyManagementCo.,Ltd.Fordetails,seetheAnnouncementonProgressofAcquisitionbytheWholly-ownedSubsidiaryof100%EquityinShenzhenPropertyManagementCo.,Ltd.andProgressofRelevantConnectedTransactions(AnnouncementNo.:
2022-01),AnnouncementonProgressofAcquisitionbytheWholly-ownedSubsidiaryof100%EquityinThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andProgressofRelevantConnectedTransactions(AnnouncementNo.:2022-05)andAnnouncementonProgressofAcquisitionbytheWholly-ownedSubsidiaryof100%EquityinShenzhenForeignTradePropertyManagementCo.,Ltd.andProgressofRelevantConnectedTransactions(AnnouncementNo.:2022-06)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)respectivelyon15February2022and25February2022.(IV)MattersonchangesofdirectorsandsupervisorsoftheCompanyDuringtheReportingPeriod,Mr.WeiXiaodong,adirectoroftheCompany,appliedforresignationfromthepositionofnon-independentdirectorandstaffrepresentativedirectorofthe10thBoardofDirectorsforreasonofjobtransfer;Mr.DaiXianhua,asupervisoroftheCompany,appliedforresignationfromthepositionofsupervisorandchairmanoftheBoardofSupervisorsforreachingthestatutoryretirementage.TheCompanyheldtheCongressofWorkersandStaffon29June2022,whereMr.ZhangZhiminwaselectedasstaffrepresentativedirectorofthe10thBoardofDirectorsoftheCompany,whosetermofofficeshallexpireuponexpirationofthetermofofficeofthe10thBoardofDirectors.TheCompanyheldtheSeventhMeetingandEighthMeetingoftheTenthBoardofSupervisorsrespectivelyon4July2022and20July2022,andheldtheGeneralMeetingofShareholderson20July2022,whereMr.MaHongtaowaselectedassupervisorandchairmanoftheBoardofSupervisors,whosetermofofficeshallexpireuponexpirationofthetermofofficeofthe10thBoardofSupervisors.Fordetails,seetheAnnouncementonResignationofDirectorsandElectionofStaffRepresentativeDirector(AnnouncementNo.:2022-20),AnnouncementonProposedChangeofSupervisorsoftheCompany(AnnouncementNo.:2022-29)andAnnouncementonElectionofChairmanoftheBoardofSupervisors(AnnouncementNo.:2022-33)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)respectivelyon30June2022,5July2022and21July2022.
XIVSignificantEventsofSubsidiaries
□Applicable?Notapplicable
PartVIIShareChangesandShareholderInformationIShareChanges
1.ShareChanges
Unit:share
Before
| 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 | 0 | 0 | 3,326 | 0.00% |
| 3.Sharesheldbyotherdomesticinvestors | 1,894,980 | 0.32% | 0 | 0 | 0 | 0 | 0 | 1,894,980 | 0.32% |
| Amongwhich:Sharesheldbydomesticlegalperson | 1,894,980 | 0.32% | 0 | 0 | 0 | 0 | 0 | 1,894,980 | 0.32% |
| 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 | 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% |
Reasonsforsharechanges:
□Applicable?NotapplicableApprovalofsharechanges:
□Applicable?Notapplicable
Transferofshareownership:
□Applicable?NotapplicableProgressonanysharerepurchases:
□Applicable?NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding:
□Applicable?NotapplicableEffectsofsharechangesonthebasicanddilutedearningspershare,equitypershareattributabletotheCompany’sordinaryshareholdersandotherfinancialindicatorsoftheprioryearandtheprioraccountingperiod,respectively:
□Applicable?NotapplicableOtherinformationthattheCompanyconsidersnecessaryorisrequiredbythesecuritiesregulatortobedisclosed:
□Applicable?Notapplicable
2.ChangesinRestrictedShares
□Applicable?NotapplicableIIIssuanceandListingofSecurities
□Applicable?NotapplicableIIIShareholdersandTheirHoldingsasatthePeriod-End
Unit:share
Totalnumberofordinaryshareholdersattheperiod-end
| Totalnumberofordinaryshareholdersattheperiod-end | 50,123 | Totalnumberofpreferenceshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | |||||||
| 5%orgreaterordinaryshareholdersorthetop10ordinaryshareholders | ||||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage(%) | Totalsharesheldattheperiod-end | Increase/decreaseduringtheReportingPeriod | Numberofrestrictedsharesheld | Numberofnon-restrictedsharesheld | Pledged,markedorfrozenshares | |||
| Status | Number | |||||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | State-ownedlegalperson | 50.57% | 301,414,637 | 0 | 3,326 | 301,411,311 | ||||
| ShenzhenState-ownedEquityManagementCo.,Ltd. | Domesticnon-state-ownedlegalperson | 6.38% | 38,037,890 | 0 | 0 | 38,037,890 | ||||
| ChinaOrientAssetManagementCo.,Ltd. | State-ownedlegalperson | 2.77% | 16,491,402 | -6,744,998 | 0 | 16,491,402 | ||||
| IndustrialandCommercialBankofChinaLimited－SouthernChinaSecuritiesFullIndexRealEstateTradingOpen- | Other | 0.37% | 2,188,634 | 1,574,334 | 0 | 2,188,634 | ||||
endedIndexSecuritiesInvestmentFund
| endedIndexSecuritiesInvestmentFund | ||||||||||
| DuanShaoteng | Domesticnaturalperson | 0.29% | 1,755,565 | 0 | 0 | 1,755,565 | ||||
| ShenzhenDuty-FreeCommodityEnterprisesCo.,Ltd. | Domesticnon-state-ownedlegalperson | 0.29% | 1,730,300 | 0 | 1,730,300 | 0 | ||||
| HongKongSecuritiesClearingCompanyLtd. | Foreignlegalperson | 0.27% | 1,583,091 | -2,553,242 | 0 | 1,583,091 | ||||
| YangYaochu | Domesticnaturalperson | 0.26% | 1,520,384 | 20,000 | 0 | 1,520,384 | ||||
| LiXinyi | Domesticnaturalperson | 0.25% | 1,500,000 | -2,050,100 | 0 | 1,500,000 | ||||
| WuWenkai | Domesticnaturalperson | 0.20% | 1,200,000 | -52,800 | 0 | 1,200,000 | ||||
| Strategicinvestororgenerallegalpersonbecomingatop-10ordinaryshareholderduetorightsissue(ifany) | N/A | |||||||||
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | Thelargestshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.,isthecontrollingshareholderoftheCompanyandShenzhenState-ownedEquityManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. | |||||||||
| Explainifanyoftheshareholdersabovewasinvolvedinentrusting/beingentrustedwithvotingrightsorwaivingvotingrights | N/A | |||||||||
| Specialaccountforsharerepurchases(ifany)amongthetop10shareholders | N/A | |||||||||
| Top10unrestrictedshareholders | ||||||||||
| Nameofshareholder | Unrestrictedsharesheldattheperiod-end | Sharesbytype | ||||||||
| Type | Shares | |||||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 301,411,311 | RMBordinaryshare | 301,411,311 | |||||||
| ShenzhenState-ownedEquityManagementCo.,Ltd. | 38,037,890 | RMBordinaryshare | 38,037,890 | |||||||
| ChinaOrientAssetManagementCo.,Ltd. | 16,491,402 | RMBordinaryshare | 16,491,402 | |||||||
| IndustrialandCommercialBankofChinaLimited－SouthernChinaSecuritiesFullIndexRealEstateTradingOpen-endedIndexSecuritiesInvestmentFund | 2,188,634 | RMBordinaryshare | 2,188,634 | |||||||
| DuanShaoteng | 1,755,565 | RMBordinaryshare | 1,755,565 | |||||||
| HongKongSecuritiesClearingCompanyLtd. | 1,583,091 | RMBordinaryshare | 1,583,091 | |||||||
YangYaochu
| YangYaochu | 1,520,384 | Domesticallylistedforeignshare | 1,520,384 | |
| LiXinyi | 1,500,000 | RMBordinaryshare | 1,500,000 | |
| WuWenkai | 1,200,000 | RMBordinaryshare | 1,200,000 | |
| WangYuanchao | 1,150,003 | RMBordinaryshare | 1,150,003 | |
| Relatedoracting-in-concertpartiesamongtop10unrestrictedpublicshareholders,aswellasbetweentop10unrestrictedpublicshareholdersandtop10shareholders | Thelargestshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.,isthecontrollingshareholderoftheCompanyandShenzhenState-ownedEquityManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. | |||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A | |||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes?NoNosuchcasesintheReportingPeriod.
IVChangeinShareholdingsofDirectors,SupervisorsandSeniorManagement
□Applicable?NotapplicableTherewerenochangesinshareholdingsofdirectors,supervisors,andseniormanagementintheReportingPeriod.Fordetails,seethe2021AnnualReport.VChangeoftheControllingShareholderortheActualControllerChangeofthecontrollingshareholderintheReportingPeriod
□Applicable?NotapplicableThecontrollingshareholderremainedthesameintheReportingPeriod.ChangeoftheactualcontrollerintheReportingPeriod
□Applicable?NotapplicableTheactualcontrollerremainedthesameintheReportingPeriod.
PartVIIIPreferenceShares
□Applicable?NotapplicableNopreferencesharesintheReportingPeriod.
PartIXBonds
□Applicable?Notapplicable
PartXFinancialStatements
I.Auditor’sReport
Aretheseinterimfinancialstatementsauditedbyanindependentauditor?
□Yes?NoTheseinterimfinancialstatementshavenotbeenauditedbyanindependentauditor.
IIFinancialStatementsCurrencyunitforthefinancialstatementsandthenotesthereto:RMB
1.ConsolidatedBalanceSheet
PreparedbyShenzhenProperties&ResourcesDevelopment(Group)Ltd.
30June2022
Unit:RMB
Item
| Item | 30June2022 | 1January2022 |
| Currentassets: | ||
| Monetaryassets | 1,849,085,199.61 | 2,337,067,963.55 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | 150,000.00 | 200,000.00 |
| Accountsreceivable | 372,687,342.05 | 295,184,881.92 |
| Accountsreceivablefinancing | ||
| Prepayments | 50,838,741.68 | 70,979,023.99 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 849,028,570.14 | 868,843,269.71 |
| Including:Interestreceivable | 0.00 | 292,279.16 |
| Dividendsreceivable | 0.00 | 0.00 |
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 9,887,020,742.83 | 9,125,134,062.27 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 59,737,265.88 | 58,996,984.81 |
| Totalcurrentassets | 13,068,547,862.19 | 12,756,406,186.25 |
Non-currentassets:
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | 23,297,932.97 | 23,831,889.11 |
| Long-termequityinvestments | 51,220,215.75 | 50,360,681.37 |
| Investmentsinotherequityinstruments | 914,972.72 | 1,002,551.95 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 466,359,148.85 | 452,419,511.17 |
| Fixedassets | 89,069,782.55 | 114,155,590.40 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 71,219,989.28 | 71,472,680.73 |
| Intangibleassets | 1,362,405.36 | 1,753,389.33 |
| Developmentcosts | ||
| Goodwill | 9,446,847.38 | 9,446,847.38 |
| Long-termprepaidexpense | 21,985,116.88 | 22,751,829.74 |
| Deferredincometaxassets | 1,360,135,643.80 | 1,279,816,590.32 |
| Othernon-currentassets | 2,750,873.08 | 45,571,997.85 |
| Totalnon-currentassets | 2,097,762,928.62 | 2,072,583,559.35 |
| Totalassets | 15,166,310,790.81 | 14,828,989,745.60 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 299,749,726.45 | 351,831,212.23 |
| Advancesfromcustomers | 11,924,111.88 | 3,744,582.25 |
| Contractliabilities | 825,293,704.21 | 1,371,850,725.60 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 178,698,661.25 | 230,618,067.23 |
| Taxespayable | 3,707,684,048.93 | 3,316,590,190.34 |
| Otherpayables | 1,834,012,894.06 | 1,027,613,690.94 |
Including:Interestpayable
| Including:Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 417,468,458.60 | 17,542,675.98 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 90,188,631.18 | 83,924,701.83 |
| Othercurrentliabilities | 61,443,414.40 | 77,355,792.16 |
| Totalcurrentliabilities | 7,008,995,192.36 | 6,463,528,962.58 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 3,779,015,668.00 | 3,524,500,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 81,328,041.64 | 83,081,182.89 |
| Long-termpayables | 0.00 | 0.00 |
| Long-termemployeebenefitspayable | 0.00 | 0.00 |
| Provisions | 1,436,353.14 | 1,425,490.50 |
| Deferredincome | 0.00 | 0.00 |
| Deferredincometaxliabilities | 239,383.87 | 307,853.79 |
| Othernon-currentliabilities | 118,749,645.02 | 126,059,683.08 |
| Totalnon-currentliabilities | 3,980,769,091.67 | 3,735,374,210.26 |
| Totalliabilities | 10,989,764,284.03 | 10,198,903,172.84 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 80,488,045.38 | 146,986,167.70 |
| Less:Treasurystock | 0.00 | 0.00 |
| Othercomprehensiveincome | -6,111,374.24 | -8,174,653.66 |
| Specificreserve | ||
| Surplusreserves | 29,637,548.47 | 47,574,940.18 |
| Generalreserve | ||
| Retainedearnings | 3,437,974,711.46 | 3,800,901,413.35 |
| TotalequityattributabletoownersoftheCompanyastheparent | 4,137,968,023.07 | 4,583,266,959.57 |
| Non-controllinginterests | 38,578,483.71 | 46,819,613.19 |
| Totalowners’equity | 4,176,546,506.78 | 4,630,086,572.76 |
| Totalliabilitiesandowners’equity | 15,166,310,790.81 | 14,828,989,745.60 |
Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
Item
| Item | 30June2022 | 1January2022 |
| Currentassets: | ||
| Monetaryassets | 953,783,344.78 | 1,177,352,486.44 |
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 3,014,608.24 | 2,223,974.66 |
| Accountsreceivablefinancing | ||
| Prepayments | 2,700.00 | 5,400.00 |
| Otherreceivables | 5,164,280,163.52 | 2,412,506,681.28 |
| Including:Interestreceivable | 385,423,194.45 | 0.00 |
| Dividendsreceivable | 0.00 | 0.00 |
| Inventories | 742,236,882.61 | 2,343,857,737.13 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 1,544,107,832.54 | 496,729.09 |
| Totalcurrentassets | 8,407,425,531.69 | 5,936,443,008.60 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | 0.00 | 0.00 |
| Long-termequityinvestments | 1,385,686,096.14 | 1,109,826,561.76 |
| Investmentsinotherequityinstruments | 1,145,472.72 | 1,233,051.95 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 272,005,587.30 | 283,198,989.66 |
| Fixedassets | 36,239,485.56 | 41,133,269.92 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 3,392,093.95 | 4,075,422.31 |
| Intangibleassets | 0.00 | 0.00 |
| Developmentcosts | ||
| Goodwill | 0.00 | 0.00 |
| Long-termprepaidexpense | 933,772.57 | 259,463.73 |
Deferredincometaxassets
| Deferredincometaxassets | 181,342,381.69 | 190,014,842.35 |
| Othernon-currentassets | 2,750,873.08 | 1,718,846,484.20 |
| Totalnon-currentassets | 1,883,495,763.01 | 3,348,588,085.88 |
| Totalassets | 10,290,921,294.70 | 9,285,031,094.48 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 28,854,978.13 | 48,640,839.24 |
| Advancesfromcustomers | 0.00 | 425,164.77 |
| Contractliabilities | 524,139,983.49 | 524,139,983.49 |
| Employeebenefitspayable | 40,761,711.90 | 49,313,279.30 |
| Taxespayable | 5,430,228.58 | 4,678,424.25 |
| Otherpayables | 7,278,541,787.97 | 5,963,004,158.44 |
| Including:Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 405,295,424.96 | 29,642.40 |
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 65,262,588.80 | 65,163,793.74 |
| Othercurrentliabilities | 47,172,598.51 | 47,172,598.51 |
| Totalcurrentliabilities | 7,990,163,877.38 | 6,702,538,241.74 |
| Non-currentliabilities: | ||
| Long-termborrowings | 619,300,000.00 | 525,100,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 2,659,760.04 | 2,976,367.29 |
| Long-termpayables | 0.00 | 0.00 |
| Long-termemployeebenefitspayable | 0.00 | 0.00 |
| Provisions | 0.00 | 0.00 |
| Deferredincome | 0.00 | 0.00 |
| Deferredincometaxliabilities | 0.00 | 0.00 |
| Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 |
| Totalnon-currentliabilities | 661,959,760.04 | 568,076,367.29 |
| Totalliabilities | 8,652,123,637.42 | 7,270,614,609.03 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds |
Capitalreserves
| Capitalreserves | 53,876,380.11 | 53,876,380.11 |
| Less:Treasurystock | 0.00 | 0.00 |
| Othercomprehensiveincome | -2,692,487.12 | -2,574,121.54 |
| Specificreserve | ||
| Surplusreserves | 29,637,548.47 | 29,637,548.47 |
| Retainedearnings | 961,997,123.82 | 1,337,497,586.41 |
| Totalowners’equity | 1,638,797,657.28 | 2,014,416,485.45 |
| Totalliabilitiesandowners’equity | 10,290,921,294.70 | 9,285,031,094.48 |
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | H12022 | H12021 |
| 1.Revenue | 1,988,299,840.24 | 2,706,785,638.30 |
| Including:Operatingrevenue | 1,988,299,840.24 | 2,706,785,638.30 |
| Interestincome | ||
| Insurancepremiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 1,648,725,222.85 | 1,850,099,669.30 |
| Including:Costofsales | 1,068,652,583.32 | 906,050,067.72 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 394,230,719.81 | 814,752,940.13 |
| Sellingexpense | 11,358,858.51 | 10,418,105.37 |
| Administrativeexpense | 143,701,058.05 | 119,107,631.52 |
| R&Dexpense | 2,689,725.40 | 0.00 |
| Financecosts | 28,092,277.76 | -229,075.44 |
| Including:Interestexpense | 36,281,087.17 | 38,497,917.45 |
| Interestincome | -9,179,453.97 | -39,641,607.44 |
| Add:Otherincome | 6,806,445.99 | 3,242,846.47 |
| Returnoninvestment(“-”forloss) | 946,914.05 | 3,350,564.96 |
| Including:Shareofprofitorlossofjointventuresandassociates | 859,534.38 | 3,218,483.17 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) |
Exchangegain(“-”forloss)
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -14,462,076.54 | -6,797,536.40 |
| Assetimpairmentloss(“-”forloss) | 3,302.47 | -33,715.66 |
| Assetdisposalincome(“-”forloss) | -41,452.49 | 0.00 |
| 3.Operatingprofit(“-”forloss) | 332,827,750.87 | 856,448,128.37 |
| Add:Non-operatingincome | 2,546,068.46 | 10,624,684.14 |
| Less:Non-operatingexpense | 1,417,586.84 | 1,953,595.36 |
| 4.Profitbeforetax(“-”forloss) | 333,956,232.49 | 865,119,217.15 |
| Less:Incometaxexpense | 92,655,204.26 | 195,401,618.54 |
| 5.Netprofit(“-”fornetloss) | 241,301,028.23 | 669,717,598.61 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 241,301,028.23 | 669,717,598.61 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | 0.00 | 0.00 |
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 250,802,157.71 | 677,467,066.42 |
| 5.2.1Netprofitattributabletonon-controllinginterests | -9,501,129.48 | -7,749,467.81 |
| 6.Othercomprehensiveincome,netoftax | 2,063,279.42 | -818,697.61 |
| AttributabletoownersoftheCompanyastheparent | 2,063,279.42 | -818,697.61 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -118,365.58 | -265,258.45 |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | 0.00 | 0.00 |
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | 0.00 | 0.00 |
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -118,365.58 | -265,258.45 |
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | 0.00 | 0.00 |
| 6.1.5Other | 0.00 | 0.00 |
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | 2,181,645.00 | -553,439.16 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges |
6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | 2,181,645.00 | -553,439.16 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | 0.00 | 0.00 |
| 7.Totalcomprehensiveincome | 243,364,307.65 | 668,898,901.00 |
| AttributabletoownersoftheCompanyastheparent | 252,865,437.13 | 676,648,368.81 |
| Attributabletonon-controllinginterests | -9,501,129.48 | -7,749,467.81 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.4208 | 1.1367 |
| 8.2Dilutedearningspershare | 0.4208 | 1.1367 |
WherebusinesscombinationsundercommoncontroloccurredintheCurrentPeriod,thenetprofitachievedbytheacquireesbeforethecombinationswasRMB-6,933,601.34,withtheamountforthesameperiodoflastyearbeingRMB1,091,542.67Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang.
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | H12022 | H12021 |
| 1.Operatingrevenue | 31,589,670.59 | 42,300,895.35 |
| Less:Costofsales | 17,210,314.74 | 18,650,836.30 |
| Taxesandsurcharges | 3,188,103.66 | 3,067,936.60 |
| Sellingexpense | 189,424.71 | 427,076.97 |
| Administrativeexpense | 45,512,068.89 | 35,663,070.91 |
| R&Dexpense | 0.00 | 0.00 |
| Financecosts | 4,842,416.19 | -18,675,114.65 |
| Including:Interestexpense | 13,075,372.03 | 12,722,639.32 |
| Interestincome | -5,221,428.26 | -32,650,270.94 |
| Add:Otherincome | 182,349.33 | 102,972.08 |
| Returnoninvestment(“-”forloss) | 77,583,669.56 | 63,037,324.89 |
| Including:Shareofprofitorlossofjointventuresandassociates | 859,534.38 | 3,218,483.17 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | 47,995.81 | -279,188.00 |
| Assetimpairmentloss(“-”forloss) | 0.00 | 0.00 |
| Assetdisposalincome(“-”forloss) | 0.00 | 0.00 |
| 2.Operatingprofit(“-”forloss) | 38,461,357.10 | 66,028,198.19 |
Add:Non-operatingincome
| Add:Non-operatingincome | 0.00 | 7,173,820.40 |
| Less:Non-operatingexpense | 23,576.47 | 269.72 |
| 3.Profitbeforetax(“-”forloss) | 38,437,780.63 | 73,201,748.87 |
| Less:Incometaxexpense | 8,672,460.66 | -5,332,877.48 |
| 4.Netprofit(“-”fornetloss) | 29,765,319.97 | 78,534,626.35 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 29,765,319.97 | 78,534,626.35 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | 0.00 | 0.00 |
| 5.Othercomprehensiveincome,netoftax | -118,365.58 | -265,258.45 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | -118,365.58 | -265,258.45 |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | 0.00 | 0.00 |
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | 0.00 | 0.00 |
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -118,365.58 | -265,258.45 |
| 5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | 0.00 | 0.00 |
| 5.1.5Other | 0.00 | 0.00 |
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 29,646,954.39 | 78,269,367.90 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.0499 | 0.1318 |
| 7.2Dilutedearningspershare | 0.0499 | 0.1318 |
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | H12022 | H12021 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 1,508,257,820.26 | 3,001,364,247.49 |
| Netincreaseincustomerdepositsandinterbankdeposits |
Netincreaseinborrowingsfromthecentralbank
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 9,187,939.90 | 27,946,004.56 |
| Cashgeneratedfromotheroperatingactivities | 461,787,150.96 | 225,294,018.32 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,979,232,911.12 | 3,254,604,270.37 |
| Paymentsforcommoditiesandservices | 1,486,656,535.01 | 653,018,303.65 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 503,751,276.86 | 453,393,551.31 |
| Taxespaid | 278,354,981.59 | 899,673,187.91 |
| Cashusedinotheroperatingactivities | 106,464,348.75 | 106,957,925.58 |
| Subtotalofcashusedinoperatingactivities | 2,375,227,142.21 | 2,113,042,968.45 |
| Netcashgeneratedfrom/usedinoperatingactivities | -395,994,231.09 | 1,141,561,301.92 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | ||
| Returnoninvestment | ||
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 33,054.00 | 26,112.57 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 33,054.00 | 26,112.57 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 8,208,285.38 | 13,070,111.84 |
| Paymentsforinvestments | 240,634,030.00 | 0.00 |
| Netincreaseinpledgedloansgranted |
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 248,842,315.38 | 13,070,111.84 |
| Netcashgeneratedfrom/usedininvestingactivities | -248,809,261.38 | -13,043,999.27 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 1,260,000.00 | 140,000.00 |
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 1,260,000.00 | 140,000.00 |
| Borrowingsraised | 286,832,330.00 | 0.00 |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 288,092,330.00 | 140,000.00 |
| Repaymentofborrowings | 30,900,000.00 | 100,000.00 |
| Interestanddividendspaid | 93,476,441.56 | 366,502,885.51 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
| Cashusedinotherfinancingactivities | 12,142,998.09 | 8,788,006.37 |
| Subtotalofcashusedinfinancingactivities | 136,519,439.65 | 375,390,891.88 |
| Netcashgeneratedfrom/usedinfinancingactivities | 151,572,890.35 | -375,250,891.88 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | 2,438,091.50 | -569,806.99 |
| 5.Netincreaseincashandcashequivalents | -490,792,510.62 | 752,696,603.78 |
| Add:Cashandcashequivalents,beginningoftheperiod | 1,963,988,756.69 | 4,372,982,079.50 |
| 6.Cashandcashequivalents,endoftheperiod | 1,473,196,246.07 | 5,125,678,683.28 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | H12022 | H12021 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 25,384,592.62 | 32,652,425.50 |
| Taxrebates | 0.00 | 23,635,866.65 |
| Cashgeneratedfromotheroperatingactivities | 1,332,729,141.98 | 1,569,362,437.20 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,358,113,734.60 | 1,625,650,729.35 |
| Paymentsforcommoditiesandservices | 31,342,993.24 | 40,183,727.21 |
| Cashpaidtoandforemployees | 35,011,651.40 | 30,961,214.02 |
| Taxespaid | 25,455,041.33 | 8,196,879.55 |
| Cashusedinotheroperatingactivities | 1,183,602,910.44 | 125,972,788.21 |
| Subtotalofcashusedinoperatingactivities | 1,275,412,596.41 | 205,314,608.99 |
| Netcashgeneratedfrom/usedinoperatingactivities | 82,701,138.19 | 1,420,336,120.36 |
| 2.Cashflowsfrominvestingactivities: |
Proceedsfromdisinvestment
| Proceedsfromdisinvestment | ||
| Returnoninvestment | ||
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 209.00 | 2,344.57 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 209.00 | 2,344.57 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 390,961.75 | 6,654,920.76 |
| Paymentsforinvestments | 389,000,000.00 | 209,000,000.00 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 389,390,961.75 | 215,654,920.76 |
| Netcashgeneratedfrom/usedininvestingactivities | -389,390,752.75 | -215,652,576.19 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 0.00 | 0.00 |
| Borrowingsraised | 125,000,000.00 | 0.00 |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 125,000,000.00 | 0.00 |
| Repaymentofborrowings | 30,800,000.00 | 0.00 |
| Interestanddividendspaid | 13,015,483.64 | 257,143,626.33 |
| Cashusedinotherfinancingactivities | 1,227,250.00 | 0.00 |
| Subtotalofcashusedinfinancingactivities | 45,042,733.64 | 257,143,626.33 |
| Netcashgeneratedfrom/usedinfinancingactivities | 79,957,266.36 | -257,143,626.33 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | 20,809.20 | -2,544.95 |
| 5.Netincreaseincashandcashequivalents | -226,711,539.00 | 947,537,372.89 |
| Add:Cashandcashequivalents,beginningoftheperiod | 808,411,401.68 | 3,190,160,215.19 |
| 6.Cashandcashequivalents,endoftheperiod | 581,699,862.68 | 4,137,697,588.08 |
7.ConsolidatedStatementsofChangesinOwners’Equity
H12022
Unit:RMB
| Item | H12022 | ||||||||||||||
| EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensive | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
| Preferredshar | Perpetualbon | Other | |||||||||||||
income
| es | ds | income | |||||||||||||
| 1.BalanceasattheendoftheReportingPeriodoftheprioryear | 595,979,092.00 | 0.00 | 0.00 | 0.00 | 146,986,167.70 | 0.00 | -8,174,653.66 | 0.00 | 47,574,940.18 | 0.00 | 3,800,901,413.35 | 4,583,266,959.57 | 46,819,613.19 | 4,630,086,572.76 | |
| Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
| Adjustmentforcorrectionofpreviouserror | |||||||||||||||
| Adjustmentforbusinesscombinationundercommoncontrol | |||||||||||||||
| Otheradjustments | |||||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 595,979,092.00 | 0.00 | 0.00 | 0.00 | 146,986,167.70 | 0.00 | -8,174,653.66 | 0.00 | 47,574,940.18 | 0.00 | 3,800,901,413.35 | 4,583,266,959.57 | 46,819,613.19 | 4,630,086,572.76 | |
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -66,498,122.32 | 0.00 | 2,063,279.42 | 0.00 | -17,937,391.71 | 0.00 | -362,926,701.89 | -445,298,936.50 | -8,241,129.48 | -453,540,065.98 | |||||
| 3.1Totalcomprehensiveincome | 2,063,279.42 | 250,802,157.71 | 252,865,437.13 | -9,501,129.48 | 243,364,307.65 | ||||||||||
| 3.2Capitalincreasedandreducedbyowners | -66,498,122.32 | 0.00 | 0.00 | 0.00 | -17,937,391.71 | 0.00 | -208,463,077.04 | -292,898,591.07 | 1,260,000.00 | -291,638,591.07 | |||||
| 3.2.1Ordinarysharesincreasedbyowners | 0.00 | 1,260,000.00 | 1,260,000.00 | ||||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | 0.00 | 0.00 | |||||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | 0.00 | 0.00 |
3.2.4Other
| 3.2.4Other | -66,498,122.32 | -17,937,391.71 | -208,463,077.04 | -292,898,591.07 | -292,898,591.07 | |||||
| 3.3Profitdistribution | -405,265,782.56 | -405,265,782.56 | -405,265,782.56 | |||||||
| 3.3.1Appropriationtosurplusreserves | 0.00 | 0.00 | ||||||||
| 3.3.2Appropriationtogeneralreserve | -405,265,782.56 | -405,265,782.56 | -405,265,782.56 | |||||||
| 3.3.3Appropriationtoowners(orshareholders) | 0.00 | 0.00 | ||||||||
| 3.3.4Other | 0.00 | 0.00 | ||||||||
| 3.4Transferswithinowners’equity | 0.00 | 0.00 | ||||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | 0.00 | 0.00 | ||||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | 0.00 | 0.00 | ||||||||
| 3.4.3Lossoffsetbysurplusreserves | 0.00 | 0.00 | ||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | 0.00 | 0.00 | ||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | 0.00 | 0.00 | ||||||||
| 3.4.6Other | 0.00 | 0.00 |
3.5
Specificreserve
| 3.5Specificreserve | 0.00 | 0.00 | |||||||||||||
| 3.5.1Increaseintheperiod | 0.00 | 0.00 | |||||||||||||
| 3.5.2Usedintheperiod | 0.00 | 0.00 | |||||||||||||
| 3.6Other | 0.00 | 0.00 | |||||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 0.00 | 0.00 | 0.00 | 80,488,045.38 | 0.00 | -6,111,374.24 | 0.00 | 29,637,548.47 | 0.00 | 3,437,974,711.46 | 4,137,968,023.07 | 38,578,483.71 | 4,176,546,506.78 |
H12021
Unit:RMB
| Item | H12021 | ||||||||||||||
| 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 | -6,749,589.41 | 19,205,979.63 | 3,038,993,912.43 | 3,727,917,440.03 | 53,204,039.80 | 3,781,121,479.83 | |||||||
| Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
| Adjustmentforcorrectionofpreviouserror | |||||||||||||||
| Adjustmentforbusinesscombinationundercommoncontrol | 69,784,581.93 | 17,917,979.81 | 44,478,686.34 | 132,181,248.08 | 132,181,248.08 | ||||||||||
| Otheradjustments | |||||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 595,979,092.00 | 150,272,627.31 | -6,749,589.41 | 37,123,959.44 | 3,083,472,598.77 | 3,860,098,688.11 | 53,204,039.80 | 3,913,302,727.91 | |||||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -818,697.61 | 400,310,574.58 | 399,491,876.97 | -7,609,467.80 | 391,882,409.17 | ||||||||||
| 3.1Totalcomprehensi | -818, | 677,467, | 676,648, | -7,74 | 668,898, | ||||||||||
veincome
| veincome | 697.61 | 066.42 | 368.81 | 9,467.80 | 901.01 | |||
| 3.2Capitalincreasedandreducedbyowners | 140,000.00 | 140,000.00 | ||||||
| 3.2.1Ordinarysharesincreasedbyowners | 140,000.00 | 140,000.00 | ||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||
| 3.2.4Other | ||||||||
| 3.3Profitdistribution | -277,156,491.84 | -277,156,491.84 | -277,156,491.84 | |||||
| 3.3.1Appropriationtosurplusreserves | ||||||||
| 3.3.2Appropriationtogeneralreserve | ||||||||
| 3.3.3Appropriationtoowners(orshareholders) | -277,156,491.84 | -277,156,491.84 | -277,156,491.84 | |||||
| 3.3.4Other | ||||||||
| 3.4Transferswithinowners’equity | ||||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||
| 3.4.3Lossoffsetbysurplus |
reserves
| reserves | |||||||||||||
| 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 | 150,272,627.31 | -7,568,287.02 | 37,123,959.44 | 3,483,783,173.35 | 4,259,590,565.08 | 45,594,572.00 | 4,305,185,137.08 |
8.StatementsofChangesinOwners’EquityoftheCompanyastheParent
H12022
Unit:RMB
| Item | H12022 | |||||||||||
| 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 | -2,574,121.54 | 29,637,548.47 | 1,337,497,586.41 | 2,014,416,485.45 | ||||||
| Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
| Adjustmentforcorrectionofpreviouserror | ||||||||||||
| Otheradjustments | ||||||||||||
| 2.Balanceasatthe | 595,9 | 53,87 | - | 29,63 | 1,337, | 2,014, | ||||||
beginningoftheReportingPeriodoftheyear
| beginningoftheReportingPeriodoftheyear | 79,092.00 | 6,380.11 | 2,574,121.54 | 7,548.47 | 497,586.41 | 416,485.45 | ||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -118,365.58 | -375,500,462.59 | -375,618,828.17 | |||||||
| 3.1Totalcomprehensiveincome | -118,365.58 | 29,765,319.97 | 29,646,954.39 | |||||||
| 3.2Capitalincreasedandreducedbyowners | ||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
| 3.2.4Other | ||||||||||
| 3.3Profitdistribution | -405,265,782.56 | -405,265,782.56 | ||||||||
| 3.3.1Appropriationtosurplusreserves | ||||||||||
| 3.3.2Appropriationtoowners(orshareholders) | ||||||||||
| 3.3.3Other | -405,265,782.56 | -405,265,782.56 | ||||||||
| 3.4Transferswithinowners’equity | ||||||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||||
| 3.4.2 |
Increaseincapital(orsharecapital)fromsurplusreserves
| Increaseincapital(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 | 53,876,380.11 | -2,692,487.12 | 29,637,548.47 | 961,997,123.82 | 1,638,797,657.28 |
H12021
Unit:RMB
| Item | H12021 | |||||||||||
| 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 | -2,545,451.19 | 19,205,979.63 | 1,487,964,894.53 | 2,154,480,895.08 | ||||||
| Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
| Adjustmentforcorrectionofpreviouserror | ||||||||||||
Otheradjustments
| Otheradjustments | ||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 595,979,092.00 | 53,876,380.11 | -2,545,451.19 | 19,205,979.63 | 1,487,964,894.53 | 2,154,480,895.08 | ||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -265,258.45 | -165,816,801.37 | -166,082,059.82 | |||||||
| 3.1Totalcomprehensiveincome | -265,258.45 | 78,534,626.35 | 78,269,367.90 | |||||||
| 3.2Capitalincreasedandreducedbyowners | ||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
| 3.2.4Other | ||||||||||
| 3.3Profitdistribution | -244,351,427.72 | -244,351,427.72 | ||||||||
| 3.3.1Appropriationtosurplusreserves | ||||||||||
| 3.3.2Appropriationtoowners(orshareholders) | ||||||||||
| 3.3.3Other | -244,351,427.72 | -244,351,427.72 | ||||||||
| 3.4Transferswithinowners’equity | ||||||||||
| 3.4.1Increaseincapital(or |
sharecapital)fromcapitalreserves
| sharecapital)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 | 53,876,380.11 | -2,810,709.64 | 19,205,979.63 | 1,322,148,093.16 | 1,988,398,835.26 |
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.Thefinancialstatementswereapprovedandauthorizedforissuebythe11
thMeetingofthe10
thBoardofDirectorsoftheCompanyon26August2022.TheconsolidationscopeoftheCompany’sconsolidatedfinancialstatementswasdeterminedbasedonthecontrol.Therewere63subsidiariesincludingShenzhenHuangchengRealEstateCo.,Ltd.,DongguanGuomaoChangshengRealEstateDevelopmentCo.,Ltd.,ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.includedintheconsolidationfinancialstatementsinthisreport.PleaserefertotheNoteVIIIandNoteIXofthefinancialreportfordetails.
IVBasisforPreparationofFinancialStatements
1.PreparationBasis
Basedonthecontinuingoperation,thefinancialstatementsoftheCompanyarepreparedinaccordancewiththeactualtransactions,governingprovisionsoftheAccountingStandardsforBusinessEnterprisesandthefollowingmajoraccountingpoliciesandestimates.
2.Continuation
Therewasnosuchcasewherethesustainableoperationabilitywithin12monthssincetheendoftheReportingPeriodwashighlydoubted.
V.ImportantAccountingPoliciesandEstimationsIndicationofspecificaccountingpoliciesandestimations:
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.Thespecificcycleshallbedeterminedbythedevelopmentprojectandclassifiedbytheassetsandliabilitiesliquidity.
4.StandardCurrencyofAccountsTheCompanyadoptsRenminbiasastandardcurrencyofaccounts.
5.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.
6.MethodsforPreparingConsolidatedFinancialStatementsBasedonthefinancialstatementsoftheCompanyastheparentanditssubsidiariesandotherrelatedmaterials,theconsolidatedfinancialstatementswerepreparedbytheGroupastheparentaccordingtoAccountingStandardsforEnterprisesNo.33–ConsolidatedFinancialStatements.
7.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.
8.RecognitionStandardforCashandCashEquivalentsIntheCompany’sunderstanding,cashandcashequivalentsincludecashonhand,anydepositthatcanbeusedforcover,andshort-term(usuallyduewithin3monthssincethedayofpurchase)andhighcirculatinginvestments,whichareeasilyconvertibleintoknownamountofcashandwhoserisksinchangeofvalueareminimal.
9.ForeignCurrencyBusinessesandTranslationofForeignCurrencyFinancialStatements
(1)AccountingtreatmentsfortranslationofforeigncurrencybusinessAsforaforeigncurrencytransactioninitsinitialrecognition,theamountintheforeigncurrencyshallbetranslatedintotheamountintheRenminbiatthespotexchangerateofthetransactiondate.Onbalancesheetdate,theforeigncurrencymonetaryitemsshallbetranslatedasthespotexchangerateonthebalancesheetdate,thebalanceoccurredthereofshallberecordedintotheprofitsandlossesatthecurrentperiodexceptthatthebalanceofexchangearisingfromtheprincipalandinterestsofforeigncurrencyborrowingsforthepurchaseandconstructionorproductionofassetseligibleforcapitalization.Theforeigncurrencynon-monetaryitemsmeasuredatthehistoricalcostshallstillbetranslatedatthespotexchangerateonthetransactiondate,ofwhichtheamountoffunctionalcurrencyshallnotbechanged.Theforeigncurrencynon-monetaryitemsmeasuredatthefairvalueshallbetranslatedatthespotexchangerateontheconfirmingdateoffairvalue,ofwhichthebalanceofexchangeshallbeincludedintotheprofitandlossofthecurrentperiodorothercomprehensiveincome.
(2)TranslationofforeigncurrencyfinancialstatementsTheassetandliabilityitemsinthebalancesheetsshallbetranslatedataspotexchangerateonthebalancesheetdate.Amongtheowner’sequityitems,exceptfortheitemsas“retainedearnings”,otheritemsshallbetranslatedatthespotexchangerateatthetimewhentheyareincurred.Theincomeandexpenseitemsintheincomestatementsshallbetranslatedatthespotexchangerateatthetimewhentheyareincurred.Thedifferencefromtranslationofforeigncurrencyfinancialstatementsthereofshallberecognizedascomprehensiveincome.
10.FinancialInstruments
1.RecognitionandderecognitionoffinancialinstrumentsWhentheGroupbecomesapartytoafinancialinstrumentcontract,itrecognizesrelevantfinancialassetsorfinancialliabilities.Allregularacquisitionorsalesoffinancialassetsarerecognizedandderecognizedonatradingdaybasis.Regularacquisitionor
salesoffinancialassetsmeansdeliveringfinancialassetswithinthetimelimitoflaws,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)Financialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod
Theaforementionedfinancialassetsmeasuredatamortizedcostandfinancialassetsotherthanthosemeasuredatfairvaluethroughothercomprehensiveincomeareclassifiedasfinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod.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)Thefinancialliabilitiescontainembeddedderivativesrequiresplitting.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,orfinancialguaranteecontractof
financialdebtwhichisformedwhenitdoesnotbelongtofinancialassettransferanddoesn’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,theCompanyconfirmswhetherthecreditriskoffinancialinstrumenthasincreasedobviouslyfrominitialconfirmation.Onbalancesheetdate,incasetheCompanyjudgesthatthefinancialinstrumentjusthasrelativelylowcreditrisk,thenitwillbeassumedthatcreditriskofthefinancialinstrumenthasnotincreasedobviously.Basedonsinglefinancialinstrumentorfinancialportfolio,theCompanyevaluatesexpectedcreditriskandmeasuresexpectedcreditloss.Whenbasedonfinancialinstrumentportfolio,theCompanytakescommonriskcharacteristicsasthebasis,anddividesfinancialinstrumentsintodifferentportfolios.TheCompanymeasuresexpectedcreditlossagainoneachbalancesheetdate,theincreaseoflossreserveoramountwhichistransferbackgeneratedbyitiscalculatedintocurrentprofitsandlossesasimpairmentprofitsorlosses.Asforfinancialassetwhichismeasuredbyamortizedcost,lossreserveoffsetsthecarryingvalueofthefinancialassetlistedinthebalancesheet;asfordebtinvestmentwhichismeasuredbyfairvalueandwhosechangeiscalculatedintoothercomprehensiveprofits,theCompanyconfirmsitslossreserveinothercomprehensiveprofitsanddoesnotoffsetthecarryingvalueofthefinancialasset.
(2)Financialinstrumentsassessingexpectedcreditriskbygroupsandmeasuringexpectedcreditlosses
Item
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Otherreceivables-intercoursefundsamongrelatedpartygroupwithintheconsolidationscope | Accountsnature | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
| Otherreceivables-interestreceivablegroup | ||
| Otherreceivables-otherintercoursefundsamongrelatedpartygroup | ||
| Otherreceivables-creditriskcharacteristicsgroup | Aginggroup | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
(3)Accountsreceivablewithexpectedcreditlossesmeasuredbygroups
①Specificgroupsandmethodofmeasuringexpectedcreditloss
Item
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Bank’sacceptancebillsreceivable | Billtype | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithintheentirelife |
| Tradeacceptancebillsreceivable | ||
| Accountsreceivable-otherintercoursefundsamongrelatedpartygroup | 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.
11.NotesReceivableRefertoNoteV10FinancialInstrumentsofthefinancialstatementsfordetails.
12.AccountsReceivableRefertoNoteV10FinancialInstrumentsofthefinancialstatementsfordetails.
13.AccountsReceivableFinancingNotapplicable.
14.OtherReceivablesRecognitionandaccountingtreatmentmethodsregardingexpectedcreditlossesofotherreceivablesRefertoNoteV10FinancialInstrumentsofthefinancialstatementsfordetails.
15.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
16.ContractAssets
(1)RecognitionmethodandstandardsforcontractassetsTheCompanypresentscontractassetsorcontractliabilitiesonthebalancesheetaccordingtotherelationshipbetweenthefulfillmentofitscontractperformanceobligationsanditscustomers’payment.ConsiderationsthattheCompanyhastherighttocollectforcommoditiestransferredorservicesprovidedtocustomers(exceptforaccountsreceivable)arepresentedascontractassets.
(2)RecognitionmethodandaccountingtreatmentmethodforexpectedcreditlossofcontractassetsForcontractassetsthatdonotcontainsignificantfinancingcomponents,theCompanyusesthesimplifiedmodelofexpectedcreditloss,measuringthelossprovisionaccordingtoanamountthatisequivalenttotheamountofexpectedcreditlossoftheentireduration.Theincreasedlossprovisionorreversedamountthereofshallberecordedintothecurrentprofitorlossasimpairment
lossesorgains.Forcontractassetsthatcontainsignificantfinancingcomponents,theCompanyhasmadetheaccountingpolicychoiceandselectedthesimplifiedmodelofexpectedcreditloss,measuringthelossprovisionaccordingtoanamountthatisequivalenttotheamountofexpectedcreditlossoftheentireduration.Theincreasedlossprovisionorreversedamountthereofshallberecordedintothecurrentprofitorlossasimpairmentlossesorgains.
17.ContractCostsContractcostscomprisecontractperformancecostandcontractacquisitioncost.ThecostincurredbytheCompanyfromperformingacontractisrecognizedintoanassetascontractperformancecostwhenitmeetsthefollowingconditions:
Thiscostdirectlyrelatestoanexistingcontractoracontractexpectedtobeacquired.Itconsistsofdirectlabor,directmaterials,manufacturecosts(orsimilarcosts),costsspecifiedtobebornebythecustomerandothercostsincurredfromthiscontractsolely.ThiscosthasincreasedtheCompany’ssourcesthatareusedtofulfillitscontractperformanceobligationsinthefuture.Thiscostisexpectedtoberecovered.AnincrementalcostthatisincurredbytheCompanyforacquiringacontractandexpectedtoberecoveredisrecognizedintoanassetascontractacquisitioncost.However,forsuchassetwithanamortizationperiodoflessthanoneyear,theCompanyrecognizesthemintocurrentprofit/lossattheiroccurrence.Assetsrelatedtocontractcostsareamortizedonthesamebasisforrecognizingtherevenuefromcommoditiesorservicesrelatedtosuchassets.Whenthecarryingvalueofanassetrelatedtocontractcostsishigherthanthedifferencebetweenthefollowingtwoitems,theCompanywillwithdrawimpairmentprovisionfortheexceededpartandrecognizeitasassetimpairmentloss:
Residualconsiderationexpectedtobegainedfromtransferringcommoditiesandservicesrelatedtothisasset;Costsexpectedtobeincurredfromtransferringsuchcommoditiesorservices.Whentheaforementionedassetimpairmentprovisionisreversedlater,thecarryingvalueoftheassetafterthereversalshouldnotexceeditscarryingvalueonthereversaldateundertheassumptionofnowithdrawalofimpairmentprovision.
18.AssetsHeldforSaleTheCompanydividesitscomponents(ornon-currentassets)meetingthefollowingconditionsintoavailableforsaleassets:(1)Assetscanbesoldimmediatelyunderthecurrentconditionsaccordingtothepracticeofsellingsuchassetsordisposalgroupsinsimilartransactions;(2)Thesaleislikelytooccur,andaresolutionhasbeenmadeonasaleplanandafirmpurchasecommitmentisobtained(afirmpurchasecommitmentreferstoalegallybindingpurchaseagreementsignedbetweenanenterpriseandotherparties,whichcontainsimportanttermssuchastransactionprice,timeandseverepenaltyforbreachofcontracttominimizethepossibilityofmajoradjustmentorcancellationoftheagreement.Thesaleisexpectedtobecompletedwithinayear.Ithasbeenapprovedbyrelevantauthoritiesorregulatoryauthoritiesaccordingtorelevantregulations.TheCompanyadjuststheestimatednetresidualvalueofavailableforsaleassetstothenetamountofitsfairvalueminusthesellingexpenses(whichshallnotexceedtheoriginalbookvalueoftheassetsavailableforsale).Thedifferencebetweentheoriginalbookvalueandtheadjustedestimatednetresidualvalueshallbeincludedinthecurrentprofitandlossasthelossofassetimpairment,andprovisionsforimpairmentofassetsavailableforsaleshallbemade.Fortheamountofimpairmentlossofdisposalgroupavailableforsalerecognized,thebookvalueofgoodwillofthedisposalgroupshallbeoffsetfirst,andthenthebookvalueofdisposalgroupshallbeoffsetinproportionaccordingtotheshareofthebookvalueofnon-currentassetsinthedisposalgroupmeasuredaccordingtothisStandard.Whenthenetamountoffairvalueofnon-currentassetsavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedafterbeingclassifiedasavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Theimpairmentlossofassetsrecognizedbeforebeingclassifiedasavailableforsaleassetsshallnotbereversed.Whenthe
netamountoffairvalueofdisposalgroupavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedasnon-currentassetsinthedisposalgroupmeasuredaccordingtothisStandardafterbeingclassifiedintothecategoriesavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Thebookvalueofgoodwillthathasbeenoffsetandtheimpairmentlossofnon-currentassetsmeasuredaccordingtothisStandardshallnotbereversedbeforetheyareclassifiedasavailableforsaleassets.Thesubsequentreversalamountofassetimpairmentlossrecognizedasdisposalgroupavailableforsaleshallbeincreasedinproportiontotheshareofthebookvalueofnon-currentassetsinthedisposalgroup,exceptgoodwill,whicharemeasuredaccordingtothisStandard.Incasethatanenterpriselosesitscontroloverasubsidiaryduetosaleofitsinvestmentinthesubsidiary,theinvestmentinthesubsidiarytobesoldshallbedividedintotheavailableforsalecategoryinindividualfinancialstatementoftheparentcompanywhentheproposedinvestmentinthesubsidiarymeetstheconditionsforclassificationofavailableforsalecategory,andallassetsandliabilitiesofthesubsidiaryshallbeclassifiedintoavailableforsalecategoryintheconsolidatedfinancialstatements,nomatterwhethertheenterpriseretainspartofequityinvestmentafterthesale.
19.InvestmentsinDebtObligationsNotapplicable.
20.InvestmentsinotherDebtObligationsNotapplicable.
21.Long-termReceivableRefertoNoteV-10.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.Whenalong-termequityinvestmentisformedfromthebusinesscombinationundercommoncontrolthroughtheCompany’smultipletransactionsstepbystep,thetreatmentshallbecarriedoutbasedonwhetherthetransactionsconstitutethe“packagedeal”.Iftheydo,theaccountingtreatmentshallbecarriedoutonthebasisofassumingalltransactionsasonetransactionwiththeacquisitionofcontrol.Iftheydonot,theinitialinvestmentcostshallbetheportionofthecarryingvalueofacquiree’snetassetsentitledintheconsolidatedfinancialstatementsofthefinalcontrolleraftertheconsolidation.Thedifferencebetweentheinitialinvestmentcostofthelong-termequityinvestmentonthecombinationdateandthecarryingvalueoftheinvestmentbeforethecombinationplusthecarryingvalueofthenewly-paidconsiderationfortheacquisitionofthesharesontheconsolidationdateshallbeadjustedtocapitalreserve;ifthecapitalreserveisinsufficientfortheadjustment,retainedearningsshouldbeadjustedaccordingly.
2)Forthoseformedfromthebusinesscombinationunderdifferentcontrol,theinitialinvestmentcostisthefairvalueofthecombinationconsiderationpaidontheacquisitiondate.Whenalong-termequityinvestmentisformedfromthebusinesscombinationunderdifferentcontrolthroughtheCompany’smultipletransactionsstepbystep,theaccountingtreatmentshallbecarriedoutbasedonwhetherthefinancialstatementsare
individualorconsolidated:
①Inindividualfinancialstatements,theinitialinvestmentcostaccountedincostmethodisthesumofthecarryingvalueoftheequityinvestmentoriginallyheldandthecostofnewinvestment.②Inconsolidatefinancialstatements,judgewhetherthetransactionsconstitutethe“packagedeal”.Iftheydo,theaccountingtreatmentshallbecarriedoutonthebasisofassumingalltransactionsasonetransactionwiththeacquisitionofcontrol.Iftheydonot,fortheacquiree’sequityheldbeforetheacquisitiondate,re-measurementshallbecarriedoutaccordingtothefairvalueoftheequityontheacquisitiondateandthedifferencebetweenthefairvalueandthecarryingvalueshallberecordedintocurrentinvestmentincome;iftheacquiree’sequityheldbeforetheacquisitiondateinvolvesothercomprehensiveincomeaccountedinequitymethod,othercomprehensiveincomerelatedtoitshallbetransferredintotheincomefortheperiodinwhichtheacquisitiondatefalls,withtheexceptionoftheothercomprehensiveincomesoccurredbecauseofthechangesofnetliabilitiesornetassetsofthedefinedbenefitpensionplansbere-measuredforsettingbytheinvestees.③Forthoseformedotherthanfrombusinesscombination:Iftheyareacquiredincashpayment,theinitialinvestmentcostisthepurchasepriceactuallypaid;iftheyareacquiredintheissueofequitysecurities,theinitialinvestmentcostisthefairvalueoftheissuedequitysecurities;iftheyareacquiredindebtrestructuring,theinitialinvestmentcostshallberecognizedaccordingtotheAccountingStandardsforEnterprisesNo.12-DebtRestructuring;iftheyareacquiredintheexchangeofnon-monetaryassets,theinitialinvestmentshallberecognizedaccordingtotheAccountingStandardsforEnterprisesNo.7-ExchangeofNon-MonetaryAssets.
(3)MethodofsubsequentmeasurementandrecognitionofprofitsandlossesLong-termequityinvestmentwithcontroloverinvesteesshallbeaccountedincostmethod;long-termequityinvestmentonassociatedenterprisesandjointventuresshallbeaccountedinequitymethod.
(4)Methodoftreatingthedisposaloftheinvestmentinasubsidiarystepbystepthroughmultipletransactionsuntilthelossofthecontrollingright
1)IndividualfinancialstatementsForthedisposedequity,thedifferencebetweenitsfairvalueandtheactuallyobtainedpriceshallberecordedintocurrentprofitsorlosses.Fortheresidualequity,thepartthatstillhassignificanteffectsoninvesteesorwithcommoncontroljointlywithotherpartiesshallbeaccountedinequitymethod;thepartthathasnomorecontrol,commoncontrolorsignificanteffectsoninvesteesshallbeaccountedinaccordancewiththerelevantregulationoftheAccountingStandardsforEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments.
2)Consolidatedfinancialstatements①Forthedisposaloftheinvestmentinsubsidiariesstepbystepuntilthelossofthecontrollingrightthroughmultipletransactions,whichdonotconstitutethe“packagedeal”Beforethelossofthecontrollingright,forthebalancebetweenthedisposalremunerationandthesharesofnetassetsinthesubsidiariesthathavebeencalculatedsincetheacquisitiondateorcombinationdatecorrespondingtothedisposaloflong-termequityinvestment,capitalreserve(capitalpremium)shallbeadjusted,andifthecapitalpremiumisnotsufficientforthewrite-down,theretainedearningsshallbewrittendown.Atthelossofthecontrollingrightovertheoriginalsubsidiaries,theresidualequityshallbere-measuredatitsfairvalueonthedateoflosingthecontrollingright.Thedifferencebetweentheconsiderationobtainedintheequitydisposal,plusthefairvalueoftheremainingequities,lesstheCompany’sshareofnetassetsenjoyedoftheformersubsidiarythathasbeencalculatedsincetheacquisitiondateorcombinationdateaccordingtotheformershareholdingratio,shallberecordedintotheinvestmentgainsfortheperiodwhenthecontrolceases;meanwhile,goodwillshallbewrittendown.Othercomprehensiveincomerelatedtoformersubsidiary'sequityinvestmentshallbetransferredintocurrentinvestmentincomewhenthecontrolceases.②Forthedisposaloftheinvestmentinsubsidiariesstepbystepuntilthelossofthecontrollingrightthroughmultipletransactions,whichconstitutethe“packagedeal”Theaccountingtreatmentshallbecarriedoutonthebasisofconsideringeachtransactionasatransactionofdisposingthesubsidiary
andlosingcontrol.However,beforelosingcontrol,thedifferencebetweeneachdisposalpricebeforelosingthecontrol,andthecorrespondingnetassetsshareenjoyedofsubsidiarywhendisposinglong-termequityinvestment,shallberecognizedasothercomprehensiveincomeintheconsolidatedfinancialstatementsandwhenthecontrolceases,transferredintocurrentprofitsorlossesoftheperiodoflosingcontrol.
(5)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
| 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 | 0 | 20 |
(3)RecognitionBasis,PricingandDepreciationMethodofFixedAssetsbyFinanceLeaseNotapplicable.
25.ConstructioninProgress
1.Noconstructioninprogressmayberecognizedunlessitsimultaneouslymeetstheconditionsasfollows:(1)Theeconomicbenefitsarelikelytoflowintotheenterprise;(2)Thecostofthefixedassetcanbemeasuredreliably.Constructioninprogressshallbemeasuredaccordingtotheoccurredactualcostsbeforetheassetsavailablefortheintendeduse.
2.Whentheconstructioninprogressisavailablefortheintendeduse,itshallbetransferredtofixedassetsaccordingtotheactualcostoftheproject.Forconstructioninprogressavailablefortheintendedusebutnotdealingwithfinalaccountsofcompletedproject,itshallbetransferredtofixedassetsaccordingtotheestimatedvaluefirst,andthenadjustoriginaltemporarilyestimatedvaluebasedontheactualcostsafterthefinalaccountsofcompletedproject,butnotadjustthedepreciationthatwasalreadycalculated.
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.
27.BiologicalAssetsNotapplicable.
28.OilandGasAssetsNotapplicable.
29.Right-of-useAssetsOnthestartdateoftheleaseterm,theGroupdeemstheright-of-useassetsandleaseobligations,exceptforthesimplifiedshort-termleaseandlow-valueleases.TheGroupinitiallymeasuresright-of-useassetsatcost.Thecostincludes:
1.Theinitialmeasurementamountoftheleaseobligation.
2.Ifaleaseincentiveexistsforleasepaymentsmadeonorbeforethecommencementdateoftheleaseterm,theamountrelatedtotheleaseincentivealreadytakenisdeducted.
3.Initialdirectcostsincurred.
4.CostsexpectedtobeincurredbytheGroupfordismantlingandremovingtheleasedasset(s),restoringthepremiseswheretheleasedasset(s)is/arelocated,orrestoringtheleasedasset(s)tothestatusagreedintheleasingclauses.Iftheaforementionedcostsareincurredforinventoryproduction,relevantprovisionsofAccountingStandardforBusinessEnterprisesNo.1-Inventoryisapplicable.TheGrouprecognizesandmeasuresthecostsdescribedinItem4aboveinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.13-Contingencies.Theinitialdirectcostsincurredrefertotheincrementalcostsincurredtoachievethelease.Incrementalcostsarecoststhatwouldnothavebeenincurredhadthebusinessnotacquiredthelease.TheGroupdepreciatestheright-of-useassetsinaccordancewithrelevantdepreciationprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.4-FixedAssets.Ifitisreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,theGroupwilldepreciatetheleaseholdpropertyoveritsremainingservicelife.Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,theGroupwilldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.TheGroupdeterminestheimpairmentoftheright-of-useassetsandconductsaccountingtreatmentoftheimpairmentlossesalreadyidentifiedinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.
30.IntangibleAssets
(1)PricingMethod,UsefulLifeandImpairmentTest
1.Intangibleassetsincluderighttouselandsites,userightofsoftwareetc.andconducttheinitialmeasurementaccordingtothecosts.
2.Withregardtointangibleassetswithlimitedservicelife,itshallbeamortizedsystematicallyandreasonablywithintheirservicelifeaccordingtotheexpectedimplementationofeconomicinterestsrelatedtotheintangibleassets.Ifitcan’trecognizetheexpectedimplementationreliably,itshallbeamortizedbystraight-linemethod.Thespecificusefullivesareasfollows:
Items
| Items | Usefullifeforamortization(years) |
| Userightoflands | Statutorylifeoflanduseright |
| Userightofsoftware | 5 |
Theintangibleassetswithuncertainservicelifeshallnotbeamortized,andtheCompanyrecheckstheservicelifeoftheintangibleassetsineveryaccountingperiod.Forintangibleassetswithuncertainservice,therecognitionbasisiswithoutcertainservicelifeandexpectedbenefitlife.
3.Forintangibleassetswithdefiniteservicelife,whenthereisanyindicationofimpairmentonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount;forintangibleassetswithuncertainservicelifeandthosenotreadyforservice,impairmenttestshallbeconductedeveryyearnomatterwhetherthereisanyindicationofimpairment.
(2)AccountingPoliciesofInternalR&DExpensesNotapplicable.
31.ImpairmentofLong-termAssetsForlong-termassets,suchaslong-termequityinvestment,investmentpropertymeasuredbycostmodel,fixedassets,constructioninprogress,andintangibleassetswithlimitedservicelife,theCompanyshallestimatetherecoverableamountiftherearesignsofimpairmentonbalancesheetdate.Forintangibleassetswithuncertaingoodwillorservicelifeformedbyenterprisecombination,whetherornotthereissignofimpairment,impairmenttestshallbeconductedeveryyear.Goodwillcombinationanditsrelatedassetsgrouporcombinationofassetsgroupshallbeconductedtheimpairmenttest.Iftherecoverableamountoftheabove-mentionedlong-termassetsislowerthanitscarryingvalue,itshallmakethepreparationforassetsimpairmentbasedonitsbalanceandberecordedintocurrentprofitsandlosses.
32.Long-termPrepaidExpensesLong-termdeferredexpensesrefertogeneralexpenseswiththeamortizedperiodoveroneyear(oneyearexcluded)thathave
occurred.Long-termprepaidexpenseshallberecordedintotheaccountaccordingtotheactualaccrual.Long-termprepaidexpenseshallbeamortizedaveragelywithinbenefitperiodorspecifiedperiod.Incaseofnobenefitinthefutureaccountingperiod,theamortizedvalueofsuchprojectthatfailstobeamortizedshallbetransferredintotheprofitsandlossesofthecurrentperiod.
33.ContractLiabilitiesTheCompanypresentscontractassetsorcontractliabilitiesonthebalancesheetaccordingtotherelationshipbetweenthefulfillmentofitscontractperformanceobligationsanditscustomers’payment.ObligationstobefulfilledbytheCompanyoftransferringcommoditiesorprovidingservicestocustomers,astheCompanyhasreceivedorshouldreceivecustomers’considerations,arepresentedascontractliabilities.
34.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)relatedtothereorganizationofpayingthedemissionwelfare,shouldrecognizethepayrollliabilitiesfromthedemissionwelfareandincludeinthecurrentgainsandlosses.
(4)AccountingTreatmentofOtherWelfareoftheLong-termEmployeesTheCompanyprovidestheotherlong-termemployeebenefitsfortheemployees,andforthosemetwiththedefinedcontributionplans,accountingtreatmentshouldbeconductedaccordingtotherelatedregulationsofthedefinedcontributionplans;thefortheotherslong-termemployeebenefitsexceptfortheformer,accountingtreatmentshouldbeconductedaccordingtotherelatedregulationsofthedefinedbenefitplans.Inordertosimplifytherelatedaccountingtreatment,thepayrollsshallberecognizedasservicecosts,thenetamountofinterestofnetliabilitiesandnetassetsofotherwelfareofthelong-termemployees.Thetotalnetamountsmadeupfromthechangesofmeasuringthenetliabilitiesandnetassetsofotherwelfareofthelong-termemployeesagainshallberecordedintothecurrentprofitsandlossesorrelatedassetscosts.
35.LeaseLiabilitiesOnthestartdateoftheleaseterm,theGroupdeemstheright-of-useassetsandleaseobligations,exceptforthesimplifiedshort-termleaseandlow-valueleases.TheGroupinitiallymeasurestheleaseobligationatthepresentvalueoftheleasepaymentsoutstandingatthecommencementdateoftheleaseterm.Theterm"leasepayments"referstothepaymentsmadebytheGrouptothelessorintermsoftheuseoftheleasedasset(s)withintheleaseterm,including:
(1)fixedleasepaymentsandsubstantialfixedleasepayments(ifaleaseincentiveexists,deducttheamountrelatedtotheleaseincentive);
(2)thevariableleasepaymentsthatdependonindexationorratio,whicharedeterminedaccordingtotheindexationorratioonthecommencementdateoftheleasetermintheinitialmeasurement;
(3)theexercisepriceofthepurchaseoption,whenapplicable,iftheGroupisreasonablycertainthattheoptionwillbeexercised;
(4)paymentsrequiredtobemadeforexercisingtheoptiontoterminatetheleaseiftheleasetermreflectsthattheGroupwillexercisesuchanoption;
(5)estimatedamountpayablebasedontheresidualvalueoftheguaranteeprovidedbytheGroup.Whencalculatingthepresentvalueofleasepayments,theGroupusestheinterestrateimplicitinleaseastherateofdiscount.Iftheinterestrateimplicitinleasecannotbedetermined,theGroup’sincrementallendingrateisusedastherateofdiscount.
36.Provisions
1.Theobligationsuchasexternalguaranty,litigationorarbitration,productqualityassurance,losscontract,pertinenttoacontingenciesshallberecognizedastheprovisionswhenthefollowingconditionsaresatisfiedsimultaneously:①Thatobligationisacurrentobligationoftheenterprise;②Itislikelytocauseanyeconomicbenefittoflowoutoftheenterpriseasaresultofperformanceoftheobligation;and③Theamountoftheobligationcanbemeasuredinareliableway.
2.TheCompanyshallconducttheinitialmeasurementtoprovisionsaccordingtothebestestimatenumberneededforperformingtherelatedcurrentobligationandrecheckthecarryingvalueofaccruedliabilitiesonbalancesheetdate.
37.Share-basedPaymentNotapplicable.
38.OtherFinancialInstrumentssuchasPreferenceSharesandPerpetualBondsNotapplicable.
39.RevenueTheAccountingPolicyAdoptedforRecognitionandMeasurementofRevenue
1.RecognitionofrevenueTheCompanygainsrevenuemainlyfrompropertysales,propertymanagement,salesofsoftwareandpropertyleasing(referto42.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,theCompanyrecognizesrevenuewhenthecustomeracquiresthecontrolovertherelatedcommodity.Injudgingwhetherthecustomerhasacquiredthecontroloveracommodity,theCompanyconsidersthefollowingsigns:
1)TheCompanyisentitledtothecurrentrightofpaymentcollectioninrespectofthecommodity.Inotherwords,thecustomerhasthecurrentobligationtopayforthecommodity.
2)TheCompanyhastransferredthelegalownershipofthecommoditytothecustomer.Inotherwords,thecustomerhasownedthelegalownershipofthecommodity.
3)TheCompanyhastransferredthephysicalcommoditytothecustomer.Inotherwords,thecustomerhastakenphysicalpossessionofthecommodity.
4)TheCompanyhastransferredthemajorrisksandremunerationsinrespectoftheownershipofthecommodity.Inotherwords,thecustomerhasacquiredthemajorrisksandremunerationsinrespectoftheownershipofthecommodity.
5)Thecustomerhasacceptedthecommodity.
6)Othersignsindicatingthatthecustomerhasacquiredcontroloverthecommodity.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;forthosewhodidnotchoosethebankmortgagetomaketheirpayment,thefullhousepaymentmustberequired)issuedthenoticeofrepossession(iftheownerfailstogothroughtheformalitiesintimewithinthespecifiedtimelimitthebuildingshallbedeemedasrepossessed).
2)ProvidingLaborServicesIftheprovisionoflaborservicescanbereliablyestimated(allthefollowingconditionsaremet:
①Theamountofincomecanbemeasuredreliably;②TherelevanteconomicbenefitsarelikelytoinflowtotheCompany;③Theprogressofthetransactioncanbereliablydetermined;④Thecostincurredandtobeincurredinthetransactioncanbemeasuredreliably),itshallrecognizetherevenuefromprovidingservicesemployingthepercentage-of-completionmethod,andconfirmthecompletionoflaborservice
accordingtothecostsincurredasapercentageofthetotalestimatedcosts.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
Accordingtothestipulationsofrelevantcontractsandagreements,whentheeconomicbenefitsrelatedtothetransactioncanflowintotheenterpriseandthecostsrelatedtotheincomecanbereliablymeasured,therealizationofotherbusinessincomeshallbeconfirmed.
3.MeasurementofRevenueTheCompanyshouldmeasurerevenueaccordingtothetransactionpricesapportionedtoeachoftheindividualcontractperformanceobligations.Indeterminingatransactionprice,theCompanyconsiderstheimpactofanumberoffactors,includingvariableconsideration,significantfinancingcomponentsincontracts,non-cashconsideration,andconsiderationpayabletocustomers.
(1)VariableconsiderationTheCompanydeterminesthebestestimateofvariableconsiderationaccordingtotheexpectedvalueortheamountmostlikelytooccur.Butatransactionpricecontainingvariableconsiderationshouldnotexceedtheamountfromtheaccumulatedrecognizedrevenuethatwillprobablynothaveanysignificantreversalwhenrelateduncertaintiesareeliminated.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.DifferencesinaccountingpoliciesfortherecognitionofrevenuecausedbydifferentbusinessmodelsforthesametypeofbusinessNotapplicable.
40.GovernmentGrants
1.Ifthegovernmentsubsidiesmeetwiththefollowingconditionsatthesame,itshouldberecognized:(1)Theentitywillcomplywiththeconditionattachingtothem;(2)Thegrantswillbereceivedfromgovernment.Ifagovernmentsubsidyisamonetaryasset,itshallbemeasuredaccordingtotheamountreceivedorreceivable.Ifagovernmentsubsidyisanon-monetaryasset,itshallbemeasuredatitsfairvalue,andshallbemeasuredatanominalamountwhenthefairvaluecannotbeobtainedreliably.
2.JudgmentbasisandaccountingmethodsofgovernmentsubsidiesrelatedtoassetsThegovernmentsubsidiesthatareacquiredforconstructionorformlong-termassetsinotherwaysaccordingtogovernmentdocumentsshallbedefinedasasset-relatedgovernmentsubsidies.Forthosenotspecifiedingovernmentdocuments,thejudgmentshallbemadebasedonthecompulsoryfundamentalconditionsforacquiringthesubsidies.Ifthesubsidiesareacquiredwith
constructionortheformationoflong-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/lossesduringtheperiodwhentherelevantexpensesorlossesarerecognized;thosesubsidiesusedtocompensatetherelatedexpensesorlossesincurredshallbedirectlyincludedintothecurrentprofits/losses.
4.GovernmentsubsidiesrelatedtotheCompany’sroutineoperatingactivitiesshallbeincludedintootherincomeorwritedownrelatedcostsaccordingtotheeconomicbusinessnature.GovernmentsubsidiesnotrelatedtotheCompany’sroutineactivitiesshallbeincludedintonon-operatingincomeandexpenditure.
41.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)Thetransactionoreventdirectlyincludedinowner’equity.
42.Lease
(1)AccountingTreatmentofOperatingLease
1.LesseeTheGroupshall,whenasthelessee,onthecommencementdateoftheleaseterm,recognizetheright-of-useassetsandleaseobligationsforthelease,unlessitisasimplifiedshort-termleaseorlow-valueassetlease.Afterthecommencementdateoftheleaseterm,theGroupusesthecostmodelforsubsequentmeasurementofright-of-useassets.TheGroupdepreciatestheright-of-useassetsinaccordancewithrelevantdepreciationprovisionsoftheAccountingStandardsfor
BusinessEnterprisesNo.4-FixedAssets.Ifthelesseecanreasonablyascertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,itshalldepreciatetheleaseholdpropertyoveritsremainingservicelife.Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,itshalldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.TheGroupwilldeterminetheimpairmentoftheright-of-useassetsandconductaccountingtreatmentoftheimpairmentlossesalreadyidentifiedinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.TheGroupcalculatestheinterestexpensesoftheleaseobligationsduringeachperiodoftheleasetermatafixedperiodicinterestrate,andincludestheminprofitorlossforthecurrentperiod.WheretheAccountingStandardsforBusinessEnterprisesNo.17-BorrowingCostsandotherstandardsprovidethatsuchinterestexpensesshallbeincludedinthecostofrelatedassets,suchprovisionsshallbeobserved.TheGroupdoesnotrecognizetheright-of-useassetsandleaseliabilitiesforshort-termleasesandlow-valueassetleases.Ineachperiodwithintheleaseterm,therelevantleasepaymentsforshort-termleasesandlow-valueassetleasesareincludedincostoftherelatedassetsorprofitorlossforthecurrentperiodonastraight-linebasis.
2.LessorInthecaseoftheGroupisthelessor,itrecognizesthereceiptsoftheoperatingleaseincurredduringeachperiodoftheleasetermasrentalsbythestraight-linemethod.TheGroupcapitalizestheinitialdirectcostsrelatedtotheoperatingleaseuponincurrencethereofand,withintheleaseterm,apportionsandincludessuchcostsinthecurrentprofitorlossonthebasissameastherecognitionofrentals.Forthefixedassetsintheassetsunderoperatinglease,theGroupshalladoptthedepreciationpolicyofsimilarassetstocalculateanddistilldepreciation.Forotherassetsunderoperatinglease,theGroupshallamortizetheminasystematicandreasonablemannerinaccordancewiththeaccountingstandardsforenterprisesapplicabletotheassets.TheGroupwilldeterminetheimpairmentofassetsunderoperatingleaseandconductaccountingtreatmentinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.
(2)AccountingTreatmentsofFinancialLeaseTheGroupshall,whenasthelessor,onthecommencementdateoftheleaseterm,recognizethefinanceleasereceivablesforthefinanceleaseandderecognizetheleasedasset(s)ofthefinancelease.TheGroupshallalsocalculateandconfirmtheinterestincomeatafixedperiodicinterestrateineachperiodintheleaseterm.
43.OtherImportantAccountingPoliciesandAccountingEstimations
1.ConfirmationstandardandaccountinghandlingmethodforoperationterminationComponentswhichmeetoneofthefollowingconditions,havebeendisposedordividedasheldforsalecategoryandcanbedistinguishedseparatelyareconfirmedasoperationtermination.
1)Thecomponentrepresentsoneimportantindependentmainbusinessoronesinglemainoperationarea.
2)Thecomponentisonepartofarelatedplanwhichplanstodisposeoneindependentmainbusinessoronesinglemainoperationarea.
3)Thecomponentisasubsidiarywhichisobtainedforresalespecially.
44.ChangesinMainAccountingPoliciesandEstimates
(1)ChangeofAccountingPolicies
□Applicable?Notapplicable
(2)ChangesinAccountingEstimates
□Applicable?Notapplicable
45.Other
IntheNoteofthefinancialstatements,thedataoftheperiod-beginningreferstothefinancialstatementdataon1January2022;thedataoftheperiod-endreferstothefinancialstatementdataon30June2022;theReportingPeriodreferstotheH12022;thesameperiodoflastyearreferstotheH12021.ThesametotheCompanyastheparent.
VITaxes
1.MainTaxesandTaxRates
Categoryoftaxes
| 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% |
| ShenzhenGuomaoCateringCo.,Ltd. | 20% |
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | 20% |
| ShenzhenJulianHumanResourcesDevelopmentCo.,Ltd. | 20% |
| ShenzhenHuazhengpengPropertyManagementDevelopmentCo.,Ltd. | 20% |
| ShenzhenJinhailianPropertyManagementCo.,Ltd. | 20% |
| ShenzhenZhongtongdaHouseXiushanServiceCo.,Ltd. | 20% |
| ShenzhenKangpingIndustryCo.,Ltd. | 20% |
| ShenzhenTeacherFamilyTrainingCo.,Ltd. | 20% |
| ShenzhenEducationIndustryCo.,Ltd. | 20% |
| ShenzhenYufaIndustryCo.,Ltd. | 20% |
| ChongqingAoboElevatorCo.,Ltd. | 20% |
| ShenzhenSZPRDYanzihuDevelopmentCo.,Ltd. | 20% |
| ShenzhenSZPRDFuyuantaiDevelopmentCo.,Ltd. | 20% |
ShenzhenSocialWelfareGeneralCompany
| ShenzhenSocialWelfareGeneralCompany | 20% |
| ShenzhenFuyuanminPropertyManagementCo.,Ltd. | 20% |
| ShenzhenMeilongIndustrialDevelopmentCo.,Ltd. | 20% |
| ShenzhenPenghongyuanIndustrialDevelopmentCo.,Ltd. | 20% |
| ShenzhenSportsServiceCo.,Ltd. | 20% |
| SubsidiariesregisteredinHongKongarea | 16.50% |
| Othertaxpayingbodieswithintheconsolidatedscope | 25% |
2.TaxPreference
AccordingtotheregulationsofNo.2,PropertyServiceofNo.37,CommercialServiceamongtheencouragingcategoryoftheGuidanceCatalogueofIndustryStructureAdjustment(Y2011),thewesternindustrymetwiththeconditionsshouldbecollectedthecorporateincometaxaccordingto15%ofthetaxrate.ThesubsidiaryoftheGroupChongqingShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.appliestoabovepolicy.InaccordancewiththeAnnouncementonImplementingthePreferentialIncomeTaxPoliciesforMicroandSmallEnterprisesandHouseholdIndustrialandCommercialEntities(C.SH.[2021]No.12)issuedbytheStateTaxationAdministration,duringtheperiodfrom1January2021to31December2022,theportionoftheannualtaxableincomeofsmalllow-profitenterprisesnotexceedingRMB1millionshallbeincludedinthetaxableincomeatareducedrateof12.5%,andtheenterpriseincometaxshallbeleviedatthetaxrateof20%.InaccordancewiththeAnnouncementonFurtherImplementingthePreferentialIncomeTaxPoliciesforMicroandSmallEnterprise(C.SH.[2022]No.13)issuedbytheStateTaxationAdministration,duringtheperiodfrom1January2022to31December2024,theportionoftheannualtaxableincomeofsmalllow-profitenterprisesexceedingRMB1millionbutnotexceedingRMB3millionshallbeincludedinthetaxableincomeatareducedrateof25%,andtheenterpriseincometaxshallbeleviedatthetaxrateof20%.Thispolicyhasbeenappliedto12subsidiariessuchasChongqingAoboElevatorCo.,Ltd.andShenzhenGuomaoCateringCo.,Ltd.since2021.
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
| Cashonhand | 71,615.91 | 130,623.99 |
| Bankdeposits | 1,475,312,518.47 | 1,956,993,388.60 |
| Othermonetaryassets | 373,701,065.23 | 379,943,950.96 |
| Total | 1,849,085,199.61 | 2,337,067,963.55 |
| Ofwhich:totalamountdepositedoverseas | 56,988,826.71 | 53,280,873.00 |
| Totalamountofrestrictioninusebyguaranteed,pledgedorfrozen | 375,888,953.54 | 373,079,206.86 |
Othernotes:
Amongothermonetaryassets,thefundswithlimiteduserightsmainlyincludetheinterestondepositsarisingfromlarge-denominationCDsofRMB16,111.20,andthemarginandinterestofRMB368,609,058.40;thefundswithlimiteduserightsinbankdepositsmainlyincludethebankfrozenfundsandtheinterestontimedepositsofRMB2,346,666.67,plusthebalanceofthebankmarginaccount.Theaboveamountisnotregardedascashandcashequivalentsduetorestrictionsonuse.
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 |
| Bankacceptancebill | 150,000.00 | 200,000.00 |
| Total | 150,000.00 | 200,000.00 |
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingbalance | Baddebtprovision | Carryingvalue | Carryingbalance | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Notesreceivableforwhichbaddebt | 150,000.00 | 100.00% | 200,000.00 | 100.00% | ||||||
provisionseparatelyaccrued
| provisionseparatelyaccrued | |||||
| Ofwhich: | |||||
| Ofwhich: | |||||
| Total | 150,000.00 | 100.00% | 200,000.00 | 100.00% |
Baddebtprovisionseparatelyaccrued:
Unit:RMB
| Name | Endingbalance | |||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofnotesreceivable.
□Applicable?Notapplicable
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheReportingPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Verification | Others | |||
Ofwhichsignificantamountofreversedorrecoveredbaddebtprovision:
□Applicable?Notapplicable
(3)NotesReceivablePledgedbytheCompanyatthePeriod-end
Unit:RMB
| Item | Endingpledgedamount |
(4)NotesReceivablewhichHadEndorsedbytheCompanyorhadDiscountedandhadnotDueontheBalanceSheetDateatthePeriod-end
Unit:RMB
| Item | Amountofrecognitionterminationattheperiod-end | Amountofnotterminatedrecognitionattheperiod-end |
(5)NotesTransferredtoAccountsReceivablebecauseDraweroftheNotesFailedtoExecutetheContractorAgreement
Unit:RMB
| Item | Amountofthenotestransferredtoaccountsreceivableattheperiod-end |
Othernotes:
(6)NotesReceivablewithActualVerificationfortheReportingPeriod
Unit:RMB
Item
| Item | Amountverified |
Ofwhich,verificationofsignificantnotesreceivable:
Unit:RMB
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notesoftheverificationofnotesreceivable
5.AccountsReceivable
(1)ListedbyCategory
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingbalance | Baddebtprovision | Carryingvalue | Carryingbalance | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| AccountsreceivablewithdrawalofBaddebtprovisionseparatelyaccrued | 109,854,568.88 | 21.60% | 108,764,452.56 | 99.01% | 1,090,116.32 | 109,683,529.63 | 25.86% | 108,831,153.86 | 99.22% | 852,375.77 |
| Ofwhich: | ||||||||||
| Accountsreceivablewithdrawalofbaddebtprovisionofbygroup | 398,719,518.15 | 78.40% | 27,122,292.42 | 6.80% | 371,597,225.73 | 314,453,086.06 | 74.14% | 20,120,579.91 | 6.40% | 294,332,506.15 |
| Ofwhich: | ||||||||||
| Total | 508,574,087.03 | 100.00% | 135,886,744.98 | 26.72% | 372,687,342.05 | 424,136,615.69 | 100.00% | 128,951,733.77 | 30.40% | 295,184,881.92 |
Baddebtprovisionseparatelyaccrued:108,764,452.56
Unit:RMB
| Name | Endingbalance | |||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
| ShenzhenJiyongProperties&ResourcesDevelopment | 93,811,328.05 | 93,811,328.05 | 100.00% | Involvedinlawsuitandunrecoverable |
Company
| Company | ||||
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2,836,561.00 | 100.00% | Uncollectibleforalongperiod |
| LunanIndustryCorporation | 2,818,284.84 | 2,818,284.84 | 100.00% | Uncollectibleforalongperiod |
| Thosewithinsignificantsingleamountforwhichbaddebtprovisionseparatelyaccrued | 10,388,394.99 | 9,298,278.67 | 90.00% | Uncollectibleforalongperiod |
| Total | 109,854,568.88 | 108,764,452.56 |
Withdrawalofbaddebtprovisionbygroup:27,122,292.42
Unit:RMB
| Name | Endingbalance | ||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | |
| Portfolioofcreditriskfeatures | 230,453,307.58 | 22,119,291.72 | 9.6% |
| Portfoliooftransactionswithotherrelatedparties | 168,266,210.57 | 5,003,000.70 | 2.97% |
| Total | 398,719,518.15 | 27,122,292.42 | |
Notestothedeterminationbasisforthegroup:
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable.
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Carryingbalance |
| Within1year(including1year) | 351,869,724.26 |
| 1to2years | 22,416,959.51 |
| 2to3years | 8,839,653.22 |
| Over3years | 125,447,750.04 |
| 3to4years | 7,249,669.70 |
| 4to5years | 1,478,687.64 |
| Over5years | 116,719,392.70 |
| Total | 508,574,087.03 |
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheReportingPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Verification | Others | |||
| Baddebtprovisionwithdrawnseparately | 108,831,153.86 | 66,701.30 | 108,764,452.56 | |||
| Baddebtprovisionwithdrawnbyportfolio | 20,120,579.91 | 7,001,712.51 | 27,122,292.42 | |||
| Total | 128,951,733.77 | 7,001,712.51 | 66,701.30 | 135,886,744.98 | ||
Ofwhichsignificantamountofreversedorrecoveredbaddebtprovision:
Unit:RMB
Nameofentity
| Nameofentity | Amountreversedorrecovered | Wayofrecovery |
(3)AccountsReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Amountverified |
Ofwhichtheverificationofsignificantaccountsreceivable:
Unit:RMB
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverificationofaccountsreceivable:
(4)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtoArrearsParty
Unit:RMB
| Nameofentity | Endingbalance | Proportiontototalendingbalanceofaccountsreceivable | Endingbalanceofbaddebtprovision |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 18.45% | 93,811,328.05 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 86,462,569.52 | 17.00% | 2,529,166.58 |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 47,832,951.11 | 9.41% | 1,422,392.91 |
| ShenzhenWanquInternationalHotelCo.,Ltd. | 14,946,000.00 | 2.94% | 448,380.00 |
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | 8,450,758.68 | 1.66% | 253,522.76 |
| Total | 251,503,607.36 | 49.46% |
(5)AccountsReceivableDerecognizedduetotheTransferofFinancialAssets
(6)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivableOthernotes:
6.AccountsReceivableFinancing
Unit:RMB
| Item | Endingbalance | Beginningbalance |
ThechangesofaccountsreceivablefinancingintheReportingPeriodandthechangesinfairvalue
□Applicable?NotapplicablePleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivablefinancing.
□Applicable?Notapplicable
Othernotes:
7.Prepayment
(1)PrepaymentListedbyAgingAnalysis
Unit:RMB
Aging
| Aging | Endingbalance | Beginningbalance | ||
| Amount | Proportion | Amount | Proportion | |
| Within1year | 12,883,228.01 | 25.00% | 24,618,321.77 | 35.00% |
| 1to2years | 13,011,531.72 | 26.00% | 25,907,661.19 | 37.00% |
| 2to3years | 24,493,271.59 | 48.00% | 499,638.55 | 1.00% |
| Over3years | 450,710.36 | 1.00% | 19,953,402.48 | 28.00% |
| Total | 50,838,741.68 | 70,979,023.99 | ||
Notesofthereasonsoftheprepaymentagingover1yearwithsignificantamountbutfailedsettledintime:
(2)Top5PrepaymentinEndingBalanceCollectedaccordingtothePrepaymentTarget
| Nameofentity | Carryingbalance | As%ofthetotalendingbalanceoftheprepayments(%) |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | 40,050,000.00 | 78.78% |
| BeijingJingdongCenturyInformationTechnologyCo.,Ltd. | 2,944,781.14 | 5.79% |
| ChongqingYudiAssetsManagementCo.,Ltd. | 1,842,000.00 | 3.62% |
| ShenzhenLuohuBureauofHousingandConstruction | 550,811.28 | 1.08% |
| ShenzhenShengjiClothingCo.,Ltd. | 519,750.00 | 1.02% |
| Subtotal | 45,907,342.42 | 90.30% |
Othernotes:
8.OtherReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Interestsreceivable | 0.00 | 292,279.16 |
| Dividendsreceivable | 0.00 | 0.00 |
| OtherReceivables | 849,028,570.14 | 868,550,990.55 |
| Total | 849,028,570.14 | 868,843,269.71 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Fixed-termdeposits | 292,279.16 | |
| Total | 0.00 | 292,279.16 |
2)SignificantOverdueInterest
Unit:RMB
Entity
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentanditsjudgmentbasis |
Othernotes:
3)InformationofWithdrawalofBadDebtProvision
□Applicable?Notapplicable
(2)DividendReceivable
1)Dividendreceivableclassification
Unit:RMB
| Project(orinvestee) | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
2)SignificantDividendsReceivableAgingover1Year
Unit:RMB
| Project(orinvestee) | Endingbalance | Aging | Reason | Whetheroccurredimpairmentanditsjudgmentbasis |
3)InformationofWithdrawalofBadDebtProvision
□Applicable?NotapplicableOthernotes:
(3)OtherReceivables
1)OtherReceivablesClassifiedbyAccountNature
Unit:RMB
| Nature | Closingbookbalance | Beginningcarryingamount |
| SecurityDeposit | 15,927,349.50 | 15,025,139.35 |
| Margin | 41,110,867.95 | 44,249,702.32 |
| Reservefund | 496,242.95 | 386,265.55 |
| Paymentonbehalf | 6,841,037.14 | 9,150,124.30 |
| Externalntercoursefunds | 862,560,811.14 | 852,568,764.26 |
| Others | 10,862,220.93 | 28,018,942.03 |
| Total | 937,798,529.61 | 949,398,937.81 |
2)WithdrawalofBadDebtProvision
Unit:RMB
Baddebtprovision
| Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceasat1January2022 | 51,065,282.29 | 29,782,664.97 | 80,847,947.26 | |
| Balanceof1January2022intheCurrentPeriod | ||||
| WithdrawaloftheCurrentPeriod | 8,306,789.80 | 275,135.61 | 8,581,925.41 | |
| ReversaloftheReportingPeriod | 659,913.20 | 659,913.20 | ||
| Balanceasat30June2022 | 59,372,072.09 | 29,397,887.38 | 88,769,959.47 |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheCurrentPeriod
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Carryingbalance |
| Within1year(including1year) | 56,154,849.28 |
| 1to2years | 19,448,826.84 |
| 2to3years | 801,807,450.42 |
| Over3years | 60,387,403.07 |
| 3to4years | 2,499,826.35 |
| 4to5years | 2,115,971.79 |
| Over5years | 55,771,604.93 |
| Total | 937,798,529.61 |
3)BadDebtProvisionWithdrawn,ReversedorRecoveredintheReportingPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Verification | Others | |||
| Baddebtprovisionwithdrawnseparately | 29,782,664.97 | 275,135.61 | 659,913.20 | 29,397,887.38 | ||
| Baddebtprovisionwithdrawnbyportfolio | 51,065,282.29 | 8,306,789.80 | 59,372,072.09 | |||
| Total | 80,847,947.26 | 8,581,925.41 | 659,913.20 | 88,769,959.47 | ||
OfwhichthebaddebtprovisionreversedorrecoveredwithsignificantamountduringtheReportingPeriod:
Unit:RMB
| Nameofentity | Amountreversedorrecovered | Wayofrecovery |
4)ParticularsoftheActualVerificationofOtherReceivablesduringtheReportingPeriod
Unit:RMB
Item
| Item | Amountverified |
Ofwhichtheverificationofsignificantotherreceivables:
Unit:RMB
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestotheverificationofotherreceivables:
5)Top5oftheEndingBalanceofOtherReceivablesCollectedaccordingtotheArrearsParty
Unit:RMB
| Nameofentity | Nature | Endingbalance | Aging | Proportiontoendingbalanceoftotalotherreceivables% | Endingbalanceofbaddebtprovision |
| ShenzhenXinhaiHoldingCo.,Ltd.andtherelatedpartyShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | Intercoursefunds | 756,526,157.01 | 2to3years | 80.67% | 16,695,784.72 |
| ShenzhenBanglingStockCooperativeCompany | Intercoursefunds | 30,000,000.00 | 2to3years | 3.20% | 9,000,000.00 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | Intercoursefunds | 20,722,314.85 | Over5years | 2.21% | 0.00 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Intercoursefunds | 11,809,060.35 | 1to2years | 1.26% | 419,496.75 |
| ShenzhenQianhaiHighEndInformationServiceCo.,Ltd. | Intercoursefunds | 10,720,575.27 | Within1year | 1.14% | 321,617.26 |
| Total | 829,778,107.48 | 88.48% | 26,436,898.73 |
6)AccountsReceivableInvolvingGovernmentSubsidies
Unit:RMB
| Nameofentity | Projectofgovernmentsubsidies | Endingbalance | Endingaging | Estimatedrecoveringtime,amountandbasis |
7)DerecognitionofOtherReceivablesduetotheTransferofFinancialAssets
8)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofOtherReceivables
Othernotes:
9.Inventories
WhethertheCompanyneedstocomplywiththedisclosurerequirementsfortherealestateindustryYes
(1)CategoryofInventory
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Classificationbynature:
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Depreciationreservesofinventoriesorimpairmentprovisionforcontractperformancecosts | Carryingvalue | Carryingbalance | Depreciationreservesofinventoriesorimpairmentprovisionforcontractperformancecosts | Carryingvalue | |
| R&Dexpenses | 9,597,308,817.40 | 6,648,404.13 | 9,590,660,413.27 | 8,720,133,125.46 | 6,648,404.13 | 8,713,484,721.33 |
| Developingproperties | 294,014,058.54 | 294,014,058.54 | 409,687,436.41 | 409,687,436.41 | ||
| Rawmaterials | 2,095,101.98 | 748,879.60 | 1,346,222.38 | 2,005,384.86 | 701,270.11 | 1,304,114.75 |
| Productsonhand | 2,981,776.45 | 2,094,300.39 | 887,476.06 | 2,238,285.51 | 2,094,300.39 | 143,985.12 |
| Low-valueconsumables | 112,572.58 | 112,572.58 | 513,804.66 | 513,804.66 | ||
| Total | 9,896,512,326.95 | 9,491,584.12 | 9,887,020,742.83 | 9,134,578,036.90 | 9,443,974.63 | 9,125,134,062.27 |
Disclosemainitemsof"R&Dexpenses"andinterestcapitalizationinthefollowingformat:
Unit:RMB
| Project | Timeforcommencement | Estimateddateofcompletion | Estimatedtotalinvestment | Beginningbalance | Transferredtodevelopingpropertiesforthisperiod | Otherdecreasedamount | Increase(R&Dexpenses)forthisperiod | Endingbalance | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsfortheReportingPeriod | Sourceoffund |
| Guanlan | 7January | 31Decem | 6,941,500,000. | 3,805,312,202. | 115,590,629.32 | 3,920,902,831. | 175,255,593.56 | 60,384,910.13 | Bankloans |
Banglingproject
| Banglingproject | 2021 | ber2025 | 00 | 35 | 67 | |||||
| SZPRD-BanshanYujingPhaseII | 15March2019 | 31January2022 | 235,810,000.00 | 196,197,525.93 | 224,790,745.77 | 28,593,219.84 | ||||
| SZPRD-FuchangGardenPhaseII | 30June2018 | 30June2023 | 911,330,000.00 | 677,368,072.10 | 19,476,401.99 | 696,844,474.09 | ||||
| YupinluanshanGarden | 232,030,746.62 | 994,667.18 | 233,025,413.80 | |||||||
| HainanQiongshanLand | 6,648,404.13 | 6,648,404.13 | ||||||||
| ShenhuiGarden | 37,002,030.89 | 37,002,030.89 | ||||||||
| FuyuantaiProject | 9,127,089.11 | 1,324,991.03 | 10,452,080.14 | |||||||
| GuangmingyutangProject | 7March2022 | 21October2024 | 2,779,266,400.00 | 1,621,000,000.00 | 62,363,440.41 | 1,683,363,440.41 | ||||
| Land2021WR023,HumenTown | 1March2022 | 30April2024 | 3,449,077,000.00 | 2,133,826,142.11 | 11,761,639.64 | 2,145,587,781.75 | ||||
| ShouxihuEcologicalHealthValley | 3,000,000,000.00 | 860,820,294.93 | 860,820,294.93 | |||||||
| Others | 1,620,912.22 | 1,041,153.37 | 2,662,065.59 | |||||||
| Total | 17,316,983,400.00 | 8,720,133,125.46 | 224,790,745.77 | 1,101,966,437.71 | 9,597,308,817.40 | 175,255,593.56 | 60,384,910.13 |
Disclosemainitemsof“Developingproperties”inthefollowingformat:
Unit:RMB
| Project | Timeofcompletion | Beginningbalance | Increase | Decrease | Endingbalance | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsfortheReportingPeriod |
| SZPRD-LangqiaoInternational | 1December2012 | 3,447,316.75 | 3,447,316.75 | 83,077,702.96 | |||
| SZPRD-HupanYujingPhase | 1June2015 | 57,356,637.66 | 273,873.02 | 57,082,764.64 | 10,446,911.43 |
I
| I | ||||||
| SZPRD-SonghuLangyuan | 1July2017 | 24,505,635.91 | 135,692.64 | 24,369,943.27 | 27,205,315.95 | |
| SZPRD-HupanYujingPhaseII | 1November2017 | 45,306,202.60 | 14,412,375.18 | 30,893,827.42 | 30,539,392.65 | |
| SZPRD-GoldenCollar’sResort | 1December2019 | 270,245,459.13 | 106,148,893.90 | 164,096,565.23 | 26,385,636.29 | |
| InternationalTradeCenterPlaza | 1December1995 | 4,839,083.10 | 4,839,083.10 | |||
| HuangyuyuanAArea | 1June2001 | 790,140.58 | 790,140.58 | |||
| PodiumBuildingofFuchangBuilding | 1November1999 | 645,532.65 | 645,532.65 | |||
| SZPRD-BanshanYujingPhaseII | 12January2022 | 224,790,745.77 | 219,493,288.90 | 5,297,456.87 | ||
| Otheritems | 2,551,428.03 | 2,551,428.03 | ||||
| Total | 409,687,436.41 | 224,790,745.77 | 340,464,123.64 | 294,014,058.54 | 177,654,959.28 |
Classificationof“Developingpropertieswiththecollectionofpaymentsininstallments”,“Rentingdevelopingproperties”and“TemporaryHousing”:
Unit:RMB
| Project | Beginningbalance | Increase | Decrease | Endingbalance |
(2)FallingPriceReservesofInventoryandImpairmentProvisionforContractPerformanceCosts
Disclosureoffallingprovisionwithdrawalofinventoryinthefollowingformat:
Classificationbynature:
Unit:RMB
| Item | Beginningbalance | Increasedamount | Decrease | Endingbalance | Remarks | ||
| Withdrawal | Others | Reversalorwrite-off | Others | ||||
| R&Dexpenses | 6,648,404.13 | 6,648,404.13 | |||||
| Rawmaterials | 701,270.11 | 47,609.49 | 748,879.60 | ||||
| Productsonhand | 2,094,300.39 | 2,094,300.39 | |||||
| Total | 9,443,974.63 | 47,609.49 | 9,491,584.12 | ||||
Classifiedbymainitems:
Unit:RMB
| Project | Beginningbalance | Increasedamount | Decrease | Endingbalance | Remarks | ||
| Withdrawal | Others | Reversalorwrite-off | Others | ||||
(3)NotestotheEndingBalanceofInventoriesIncludingCapitalizedBorrowingExpenseTheendingbalanceofinventoriesincludingcapitalizedborrowingexpenseisdetailedasfollows:
Project
| Project | Period-begin | ReportingPeriod | Carry-overinReportingPeriod | Period-end |
| SZPRD-GuanlanBangling | 114,870,683.43 | 60,384,910.13 | 175,255,593.56 | |
| SZPRD-LangqiaoInternational | 2,971,986.54 | 2,971,986.54 | ||
| SZPRD-HupanYujingPhaseI | 1,292,469.40 | 12,924.69 | 1,279,544.71 | |
| SZPRD-GoldenCollar’sResort | 1,115,856.40 | 449,355.37 | 666,501.03 | |
| Total | 120,250,995.77 | 60,384,910.13 | 462,280.07 | 180,173,625.83 |
(4)InventoryRestrictions
Disclosingrestrictedinventorybyproject:
Unit:RMB
| Project | Beginningbalance | Endingbalance | Reasonforrestriction |
10.ContractAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
AmountofsignificantchangesincarryingvalueofcontractassetsintheReportingPeriodandreasonsthereof:
Unit:RMB
| Item | Changeinamount | Reason |
Ifthebaddebtprovisionforcontractassetsinaccordancewiththegeneralmodelofexpectedcreditlosses,theinformationrelatedtothebaddebtprovisionshallbedisclosedbyreferencetothedisclosuremethodofotherreceivables:
□Applicable?NotapplicableWithdrawalofimpairmentprovisionforcontractassetsintheReportingPeriod
Unit:RMB
| Item | WithdrawaloftheCurrentPeriod | ReversaloftheReportingPeriod | Write-off/verified | Reason |
Othernotes:
11.Held-for-saleAssets
Unit:RMB
| Item | Closingbookbalance | Impairmentprovision | Endingcarryingvalue | Fairvalue | Estimateddisposalexpense | Estimateddisposaltime |
Othernotes:
12.CurrentPortionofNon-currentAssets
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
Significantinvestmentsindebtobligations/otherinvestmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
Othernotes:
13.OtherCurrentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| PrepaidVAT | 17,160,103.72 | 13,429,805.73 |
| Deductedinputtax | 7,792,799.63 | 11,851,148.00 |
| Prepaidincometax | 34,784,362.53 | 33,716,031.08 |
| Total | 59,737,265.88 | 58,996,984.81 |
Othernotes:
14.InvestmentsinDebtObligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
Significantinvestmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
Withdrawalofimpairmentprovision
Unit:RMB
| Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceof1January2022intheCurrentPeriod |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheCurrentPeriod
□Applicable?NotapplicableOthernotes:
15.OtherInvestmentsinDebtObligations
Unit:RMB
Item
| Item | Beginningbalance | Accruedinterest | ChangeinfairvalueintheReportingPeriod | Endingbalance | Cost | Accumulatedchangesinfairvalue | Accumulatedprovisionforlossesrecognizedinothercomprehensiveincome | Remarks |
Significantotherinvestmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
Withdrawalofimpairmentprovision
Unit:RMB
| Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceof1January2022intheCurrentPeriod |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheCurrentPeriod
□Applicable?NotapplicableOthernotes:
16.Long-termReceivables
(1)ListofLong-termReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance | Intervalofdiscountrate | ||||
| Carryingbalance | Baddebtprovision | Carryingvalue | Carryingbalance | Baddebtprovision | Carryingvalue | ||
| Financingleaseaccounts | 23,297,932.97 | 23,297,932.97 | 23,831,889.11 | 23,831,889.11 | |||
| Ofwhich:unrealizedfinancingincome | 14,780,268.83 | 14,780,268.83 | 16,430,753.09 | 16,430,753.09 | |||
| Total | 23,297,932.97 | 23,297,932.97 | 23,831,889.11 | 23,831,889.11 | |||
Impairmentofbaddebtprovision
Unit:RMB
| Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(credit | Expectedcreditlossesfortheentireduration |
impairmentnot
occurred)
| impairmentnotoccurred) | (withcreditimpairment) | ||
| Balanceof1January2022intheCurrentPeriod |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheCurrentPeriod
□Applicable?Notapplicable
(2)DerecognitionofLong-termReceivablesduetotheTransferofFinancialAssets
(3)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofLong-termReceivablesOthernotes:
17.Long-termEquityInvestment
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Increase/decrease | Endingbalance(carryingvalue) | Endingbalanceofdepreciationreserve | |||||||
| Additionalinvestment | Investmentreduced | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | ||||
| I.Jointventures | |||||||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 43,516,665.12 | 784,773.86 | 44,301,438.98 | ||||||||
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | 6,844,016.25 | 74,760.52 | 6,918,776.77 | ||||||||
| Subtotal | 50,360,681.37 | 859,534.38 | 51,220,215.75 | ||||||||
| II.Associatedenterprises | |||||||||||
| Shenzhen | 18,983, | 18,983, | 18,983, | ||||||||
WufangCeramicsIndustrialCo.,Ltd.
| WufangCeramicsIndustrialCo.,Ltd. | 614.14 | 614.14 | 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 | |
| DankengVillagePlantsofFuminin | 1,168,973.20 | 1,168,973.20 | 1,168,973.20 |
GuanlanTown,ShenzhenCity
| GuanlanTown,ShenzhenCity | ||||
| 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 | |
| ShenzhenLushengIndustrial | 100,000.00 | 100,000.00 | 100,000.00 |
DevelopmentCo.,Ltd.
| DevelopmentCo.,Ltd. | ||||||
| Subtotal | 31,754,397.22 | 31,754,397.22 | 31,754,397.22 | |||
| Total | 82,115,078.59 | 859,534.38 | 82,974,612.97 | 31,754,397.22 |
Othernotes:
18.OtherEquityInstrumentInvestment
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| GintianIndustry(Group)Co.,Ltd. | 914,972.72 | 1,002,551.95 |
| Total | 914,972.72 | 1,002,551.95 |
Non-tradingequityinstrumentinvestmentintheReportingPerioddisclosedbyitems
Unit:RMB
| Project | Dividendincomerecognized | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
| GintianIndustry(Group)Co.,Ltd. | 2,675,383.59 | Notaimingatgainingearningsbysellingequityinthenearterm |
Othernotes:
19.OtherNon-currentFinancialAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
20.InvestmentProperty
(1)InvestmentPropertyAdoptedtheCostMeasurementMode?Applicable□Notapplicable
Unit:RMB
| Item | Housesandbuildings | Landuseright | Constructioninprogress | Total |
| I.Originalcarryingvalue | ||||
| 1.Beginningbalance | 810,185,273.04 | 30,262,437.05 | 37,823,001.92 | 878,270,712.01 |
| 2.Increasedamountoftheperiod | 48,387,134.81 | 19,509,471.00 | 67,896,605.81 |
(1)Outsourcing
| (1)Outsourcing | ||||
| (2)Transferfrominventory/fixedassets/constructioninprogress | 47,868,044.82 | 19,509,471.00 | 67,377,515.82 | |
| (3)Businesscombinationincrease | ||||
| (4)Foreigncurrencystatement | 519,089.99 | 519,089.99 | ||
| 3.Decreasedamountoftheperiod | 10,610,432.80 | 10,610,432.80 | ||
| (1)Disposal | ||||
| (2)Othertransfer | 10,610,432.80 | 10,610,432.80 |
4.Endingbalance
| 4.Endingbalance | 858,572,407.85 | 39,161,475.25 | 37,823,001.92 | 935,556,885.02 |
| II.Accumulativedepreciationandaccumulativeamortization | ||||
| 1.Beginningbalance | 395,144,110.90 | 15,870,449.43 | 14,836,640.51 | 425,851,200.84 |
| 2.Increasedamountoftheperiod | 43,785,704.31 | 5,088,612.17 | 3,781,365.96 | 52,655,682.44 |
| (1)Withdrawaloramortization | 28,036,152.93 | 5,088,612.17 | 3,781,365.96 | 36,906,131.06 |
| (2)Othertransfer | 15,749,551.38 | |||
| 3.Decreasedamountoftheperiod | 9,309,147.11 | 9,309,147.11 | ||
| (1)Disposal | ||||
| (2)Othertransfer | 9,309,147.11 | 9,309,147.11 |
4.Endingbalance
| 4.Endingbalance | 438,929,815.21 | 11,649,914.49 | 18,618,006.47 | 469,197,736.17 |
| III.Impairmentprovision | ||||
| 1.Beginningbalance | ||||
| 2.Increasedamountoftheperiod | ||||
| (1)Withdrawal |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
| (2)Othertransfer |
4.Endingbalance
| 4.Endingbalance | ||||
| IV.Carryingvalue | ||||
| 1.Endingcarryingvalue | 419,642,592.64 | 27,511,560.76 | 19,204,995.45 | 466,359,148.85 |
| 2.Beginningcarryingvalue | 415,041,162.14 | 14,391,987.62 | 22,986,361.41 | 452,419,511.17 |
(2)InvestmentPropertyAdoptedtheFairValueMeasurementMode
□Applicable?NotapplicableTheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Investmentpropertiesmeasuredinfairvaluebyprojectdisclosure:
Unit:RMB
Project
| Project | Location | Timeofcompletion | Floorarea | LeaseincomeduringthisReportingPeriod | Beginningfairvalue | Endingfairvalue | Rangeoffairvaluechanges | Reasonforfairvaluechangesandreportindex |
WhethertheCompanyhasnewinvestmentpropertiesinconstructionperiodmeasuredinfairvalue
□Yes?NoWhethertheCompanyhasnewinvestmentpropertiesmeasuredinfairvalue
□Yes?No
(3)InvestmentPropertyFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
| 02-01plotofStatutoryplaninBaolongEastArea | 27,511,560.76 | ReplacedfromtheconstructionofXiamen-ShenzhenRailway,anditiscurrentlybeingreplaced |
| Meilinland[Note1] | 0.00 | Obtainedafterthesuccessinthelastinstancein2017,relevantcertificationsofpropertyareintheprocedure |
| 507Unit,BlockNo.6,Maguling | 24,643.91 | Thehouseisusedforpropertymanagement,onceoccupiedbythethirdparty,apropertymanagementcompany,nowhasbeenrecovered,buthasn’thandledthewarrantyet. |
Othernotes:
[Note1]Asat30June2022,theoriginalcarryingvalueofMeilinlandwasRMB3,885,469.40,theaccumulatedaccrueddepreciationwasRMB3,885,469.40,andthecarryingvaluewasRMB0.
21.FixedAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Fixedassets | 89,069,782.55 | 114,155,590.40 |
| Total | 89,069,782.55 | 114,155,590.40 |
(1)ListofFixedAssets
Unit:RMB
| Item | Housesandbuildings | Machineryequipment | Transportationvehicle | Decorationofthefixedassets | Othermachinery | Total |
| I.Originalcarryingvalue | ||||||
| 1.Beginningbalance | 170,769,520.52 | 6,483,968.92 | 20,195,129.01 | 37,558,734.54 | 56,526,130.84 | 291,533,483.83 |
| 2.Increasedamountoftheperiod | 240,226.21 | 247,127.70 | 339,894.96 | 1,567,114.98 | 2,394,363.85 | |
| (1)Purchase | 247,127.70 | 339,894.96 | 1,390,384.98 | 1,977,407.64 | ||
| (2)Transferfromconstructioninprogress | ||||||
| (3) |
Businesscombinationincrease
| Businesscombinationincrease | ||||||
| (4)Others | 240,226.21 | 176,730.00 | 416,956.21 | |||
| 3.Decreasedamountoftheperiod | ||||||
| (1)Disposalorscrap | 323,504.00 | 2,832,372.08 | 3,155,876.08 | |||
| (2)Others | 41,402,623.30 | 41,402,623.30 | ||||
| 4.Endingbalance | 129,607,123.43 | 6,731,096.62 | 20,211,519.97 | 37,558,734.54 | 55,260,873.74 | 249,369,348.30 |
| II.Accumulativedepreciation | ||||||
| 1.Beginningbalance | 117,648,374.76 | 2,129,589.70 | 13,427,420.96 | 11,190,690.65 | 32,906,100.20 | 177,302,176.27 |
| 2.Increasedamountoftheperiod | 1,352,670.16 | 420,706.83 | 1,003,554.48 | 3,724,852.62 | 3,405,520.98 | 9,907,305.07 |
| (1)Withdrawal | 1,352,670.16 | 420,706.83 | 1,003,554.48 | 3,724,852.62 | 3,405,520.98 | 9,907,305.07 |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod | 24,481,215.99 | 326,802.27 | 2,177,614.49 | 26,985,632.75 | ||
| (1)Disposalorscrap | 326,802.27 | 2,177,614.49 | 2,504,416.76 | |||
| (2)Others | 24,481,215.99 | 24,481,215.99 | ||||
| 4.Endingbalance | 94,519,828.93 | 2,550,296.53 | 14,104,173.17 | 14,915,543.27 | 34,134,006.69 | 160,223,848.59 |
| III.Impairmentprovision | ||||||
| 1.Beginningbalance | 75,717.16 | 75,717.16 | ||||
| 2.Increasedamountoftheperiod | ||||||
| (1)Withdrawal |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposalorscrap |
4.Endingbalance
| 4.Endingbalance | 75,717.16 | 75,717.16 | ||||
| IV.Carryingvalue | ||||||
| 1.Endingcarryingvalue | 35,087,294.50 | 4,180,800.09 | 6,107,346.80 | 22,643,191.27 | 21,051,149.89 | 89,069,782.55 |
| 2.Beginningcarryingvalue | 53,121,145.76 | 4,354,379.22 | 6,767,708.05 | 26,368,043.89 | 23,544,313.48 | 114,155,590.40 |
(2)ListofTemporarilyIdleFixedAssets
Unit:RMB
| Item | Originalcarryingvalue | Accumulateddepreciation | Impairmentprovision | Carryingvalue | Remarks |
(3)FixedAssetsLeasedoutbyOperationLease
Unit:RMB
Item
| Item | Endingcarryingvalue |
(4)FixedAssetsFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
| Room406,2Unit,HulunbuirGuangxiaDigitalBuilding | 2,462,546.02 | Propertyrightsdisputesbefore,nowhavewonalawsuitwithunaccomplishedcertificationofproperty. |
| Room401,402,SanxiangBusinessBuildingOfficeBuilding | 691,256.12 | Theofficebuildingwillberemovedduetotheprojectadjustmentandahigh-riseofficebuildingwillbeestablishednearbythepresentaddress.Theexistingpropertyshallbereplacedafterthecompletionofthenewofficebuilding.Thus,thecertificationofthepropertyisfailedtotransact. |
Othernotes:
(5)ProceedsfromDisposalofFixedAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
22.ConstructioninProgress
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(1)ConstructioninProgress
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
(2)ChangesinSignificantConstructioninProgressduringtheReportingPeriod
Unit:RMB
| Project | Budget | Beginningbalance | Increasedamount | Transferredinfixedassets | Otherdecreasedamount | Endingbalance | Proportionofaccumulatedinvestmentinconstructionstobudget | Jobschedule | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsfortheReportingPeriod | CapitalizationrateofinterestsfortheReportingPeriod | Sourceoffund |
(3)ListoftheWithdrawaloftheDepreciationReservesforConstructioninProgress
Unit:RMB
Item
| Item | Amountwithdrawn | Reasonforwithdrawal |
Othernotes:
(4)EngineeringMaterials
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
Othernotes:
23.ProductiveLivingAssets
(1)ProductiveLivingAssetsAdoptingCostMeasurementMode
□Applicable?Notapplicable
(2)ProductiveLivingAssetsAdoptingFairValueMeasurementMode
□Applicable?Notapplicable
24.OilandGasAssets
□Applicable?Notapplicable
25.Right-of-useAssets
Unit:RMB
| Item | Housesandbuildings | Total |
| I.Originalcarryingvalue | ||
| 1.Beginningbalance | 85,899,256.85 | 85,899,256.85 |
| 2.Increasedamountoftheperiod | 11,559,229.14 | 11,559,229.14 |
| (1)NewLeases | 11,559,229.14 | 11,559,229.14 |
| 3.Decreasedamountoftheperiod | 444,415.14 | 444,415.14 |
| (1)Disposal | 444,415.14 | 444,415.14 |
| 4.Endingbalance | 97,014,070.85 | 97,014,070.85 |
| II.Accumulatedamortization | ||
| 1.Beginningbalance | 14,426,576.12 | 14,426,576.12 |
| 2.Increasedamountoftheperiod | 11,367,505.45 | 11,367,505.45 |
| (1)Withdrawal | 11,367,505.45 | 11,367,505.45 |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 25,794,081.57 | 25,794,081.57 |
| III.Impairmentprovision | ||
| 1.Beginningbalance |
2.Increasedamountoftheperiod
| 2.Increasedamountoftheperiod |
| (1)Withdrawal |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | ||
| IV.Carryingvalue | ||
| 1.Endingcarryingvalue | 71,219,989.28 | 71,219,989.28 |
| 2.Beginningcarryingvalue | 71,472,680.73 | 71,472,680.73 |
Othernotes:
26.IntangibleAssets
(1)ListofIntangibleAssets
Unit:RMB
| Item | Landuseright | Patentright | Non-patenttechnologies | Softwareuserights | Total |
| I.Originalcarryingvalue | |||||
| 1.Beginningbalance | 3,221,505.52 | 3,221,505.52 | |||
| 2.Increasedamountoftheperiod | |||||
| (1)Purchase | |||||
| (2)InternalR&D | |||||
| (3)Businesscombinationincrease |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 3,221,505.52 | 3,221,505.52 | |
| II.Accumulatedamortization | |||
| 1.Beginningbalance | 1,468,116.19 | 1,468,116.19 | |
| 2.Increasedamountoftheperiod | 390,983.97 | 390,983.97 | |
| (1)Withdrawal | 390,983.97 | 390,983.97 |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 1,859,100.16 | 1,859,100.16 |
III.Impairmentprovision
| III.Impairmentprovision |
| 1.Beginningbalance |
| 2.Increasedamountoftheperiod |
| (1)Withdrawal |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | |||
| IV.Carryingvalue | |||
| 1.Endingcarryingvalue | 1,362,405.36 | 1,362,405.36 | |
| 2.Beginningcarryingvalue | 1,753,389.33 | 1,753,389.33 |
TheproportionofintangibleassetsformedfromtheinternalR&DoftheCompanyatthePeriod-endtotheendingbalanceofintangibleassets:0.00%.
(2)LandUseRightFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
Othernotes:
27.DevelopmentCosts
Unit:RMB
| Item | Beginningbalance | Increasedamount | Decrease | Endingbalance | ||||
| Internaldevelopmentcosts | Others | Recognizedasintangibleassets | Transferredintothecurrentprofitorloss | |||||
Total
Othernotes:
28.Goodwill
(1)OriginalCarryingValueofGoodwill
Unit:RMB
TotalNameoftheinvestedunits
orevents
generating
goodwill
| Nameoftheinvestedunitsoreventsgeneratinggoodwill | Beginningbalance | Increase | Decrease | Endingbalance | ||
| Formedbybusinesscombination | Disposal | |||||
| ShenzhenFacilityManagement | 9,446,847.38 | 9,446,847.38 | ||||
CommunityTechnologyCo.,Ltd.
| CommunityTechnologyCo.,Ltd. | |||
| Total | 9,446,847.38 | 9,446,847.38 |
(2)DepreciationReservesofGoodwill
Unit:RMB
| Nameoftheinvestedunitsoreventsgeneratinggoodwill | Beginningbalance | Increase | Decrease | Endingbalance | ||
| Withdrawal | Disposal | |||||
Total
InformationontheAssetsGroupsorCombinationofAssetsGroupswhichGoodwillBelongstoNotesofthetestingprocessofgoodwillimpairment,parameters(suchasgrowthrateoftheforecastperiod,growthrateofstableperiod,rateofprofit,discountrate,forecastperiodandsoonforpredictionoffuturepresentvalueofcashflows)andtherecognitionmethodofgoodwillimpairmentlosses:
InfluenceofgoodwillimpairmenttestingOthernotes:
29.Long-termPrepaidExpense
Unit:RMB
TotalItem
| Item | Beginningbalance | Increasedamount | Amortizationamountoftheperiod | Otherdecreasedamount | Endingbalance |
| Decorationfee | 22,751,829.74 | 2,318,604.28 | 3,085,317.14 | 21,985,116.88 | |
| Total | 22,751,829.74 | 2,318,604.28 | 3,085,317.14 | 21,985,116.88 |
Othernotes:
30.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
(1)DeferredIncomeTaxAssetsHadNotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Deductibletemporarydifference | Deferredincometaxassets | Deductibletemporarydifference | Deferredincometaxassets | |
| Provisionforimpairmentofassets | 129,221,875.96 | 31,019,116.87 | 119,305,827.39 | 28,122,514.38 |
| Internalunrealizedprofit | 360,087,240.13 | 90,021,810.11 | 137,494,156.00 | 34,373,539.00 |
| Deductiblelosses | 1,207,262,505.92 | 301,089,011.89 | 1,200,124,630.73 | 299,411,568.81 |
| AccruedlandVAT | 3,542,391,013.29 | 885,597,754.82 | 3,184,602,479.28 | 796,150,619.82 |
| Estimatedprofitcalculatedatpre-salerevenueofpropertyenterprises | 206,142,892.04 | 51,535,723.01 | 479,584,729.78 | 119,896,182.45 |
| Otheraccruedexpenses | 4,619,348.00 | 872,227.10 | 8,579,103.04 | 1,862,165.86 |
| Total | 5,449,724,875.34 | 1,360,135,643.80 | 5,129,690,926.22 | 1,279,816,590.32 |
(2)DeferredIncomeTaxLiabilitiesHadnotBeenOff-set
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance | ||
| Taxabletemporarydifference | Deferredincometaxliabilities | Taxabletemporarydifference | Deferredincometaxliabilities | |
| Thecarryingvalueoffixedassetswaslargerthanthetaxbasis | 957,535.48 | 239,383.87 | 1,231,415.14 | 307,853.79 |
| Total | 957,535.48 | 239,383.87 | 1,231,415.14 | 307,853.79 |
(3)DeferredIncomeTaxAssetsorLiabilitiesHadBeenOff-setListedinNetAmount
Unit:RMB
| Item | Endingoff-setamountofdeferredincometaxassetsandliabilities | Endingbalanceofdeferredincometaxassetsandliabilities | Beginningoff-setamountofdeferredincometaxassetsandliabilities | Beginningbalanceofdeferredincometaxassetsandliabilities |
| Deferredincometaxassets | 1,360,135,643.80 | 1,279,816,590.32 | ||
| Deferredincometaxliabilities | 239,383.87 | 307,853.79 |
(4)ListofUnrecognizedDeferredIncomeTaxAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Deductibletemporarydifference | 79,379,873.28 | 64,475,240.37 |
| Deductiblelosses | 446,753,278.03 | 475,933,209.43 |
| Total | 526,133,151.31 | 540,408,449.80 |
(5)DeductibleLossesofUnrecognizedDeferredIncomeTaxAssetsWillDueintheFollowingYears
Unit:RMB
| Year | Endingamount | Beginningamount | Remarks |
| Y2022 | 16,615,652.69 | 49,880,895.14 | Thedeductiblelossesof2017 |
| Y2023 | 265,603,820.64 | 265,603,820.64 | Thedeductiblelossesof2018 |
| Y2024 | 124,830,194.64 | 124,830,194.64 | Thedeductiblelossesof2019 |
| Y2025 | 21,774,068.98 | 21,774,068.98 | Thedeductiblelossesof2020 |
| Y2026 | 13,844,230.03 | 13,844,230.03 | Thedeductiblelossesof2021 |
| Y2027 | 4,085,311.05 | Thedeductiblelossesof2022 | |
| Total | 446,753,278.03 | 475,933,209.43 |
Othernotes:
31.OtherNon-currentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
| Prepaymentforpurchaseoffixedassets,investmentpropertiesand | 115,779.31 | 115,779.31 | 115,779.31 | 115,779.31 | ||
intangibleassets
| intangibleassets | ||||||
| Prepaymentforlong-termequityacquisition | 42,726,200.00 | 42,726,200.00 | ||||
| Others | 2,635,093.77 | 2,635,093.77 | 2,730,018.54 | 2,730,018.54 | ||
| Total | 2,750,873.08 | 2,750,873.08 | 45,571,997.85 | 45,571,997.85 |
Othernotes:
32.Short-termBorrowings
(1)CategoryofShort-termBorrowings
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Notesofthecategoryforshort-termloans:
(2)ListoftheShort-termBorrowingsOverduebutnotReturned
Theamountoftheoverdueunpaidshort-termborrowingsattheperiod-endwasRMBXXX,ofwhichthesignificantoverdueunpaidshort-termborrowingsareasfollows:
Unit:RMB
| Entity | Endingbalance | Interestrate | Overduetime | Overduechargerate |
Othernotes:
33.TradingFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ofwhich: | ||
| Ofwhich: |
Othernotes:
34.DerivativeFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
35.NotesPayable
Unit:RMB
| Category | Endingbalance | Beginningbalance |
ThetotalamountofnotespayableduebutunpaidwasRMBXXX.
36.AccountsPayable
(1)ListofAccountsPayable
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
| Engineeringconstructionexpensepayable | 183,776,375.66 | 242,383,453.30 |
| Accruedexpenses | 23,449,656.74 | 16,697,665.15 |
| Others | 92,523,694.05 | 92,750,093.78 |
| Total | 299,749,726.45 | 351,831,212.23 |
(2)SignificantAccountsPayableAgedover1Year
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ShenzhenPlanningBureauofLandResources | 25,000,000.00 | Historicalproblems |
| JiangsuHanjianGroupCo.,Ltd. | 23,663,927.03 | Unsettled |
| ChinaConstructionFourthEngineeringDivisionCorp.,Ltd. | 18,217,672.83 | Unsettled |
| ShanghaiMingpengConstructionGroupCo.,Ltd. | 5,976,705.79 | Unsettled |
| ShenzhenShenxuElectromechanicalEngineeringEquipmentCo.,Ltd. | 4,728,433.00 | Unsettled |
| Total | 77,586,738.65 |
Othernotes:
37.AdvancesfromCustomers
(1)ListofAdvancesfromCustomers
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Rental | 8,658,171.07 | 1,265,805.23 |
| Other | 3,265,940.81 | 2,478,777.02 |
| Total | 11,924,111.88 | 3,744,582.25 |
(2)SignificantAdvancesfromCustomersAgedover1Year
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
Othernotes:
38.ContractLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Housepaymentinadvance | 767,993,558.23 | 1,329,251,898.56 |
| Propertyfeeinadvance | 35,430,173.03 | 22,742,381.14 |
| Otherpaymentsinadvance | 21,869,972.95 | 19,856,445.90 |
Total
| Total | 825,293,704.21 | 1,371,850,725.60 |
SignificantchangesintheamountofcarryingvalueandthereasonintheReportingPeriod
Unit:RMB
| Item | Changeinamount | Reason |
| SZPRD-GoldenCollar’sResort | -301,820,916.81 | Carry-overincomeoftheReportingPeriod |
| SZPRD-BanshanYujingPhaseII | -250,832,288.53 | Carry-overincomeoftheReportingPeriod |
| Total | -552,653,205.34 | —— |
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Theproceedsinformationoftopfiveadvancesaleamount:
Unit:RMB
| No. | Project | Beginningbalance | Endingbalance | Estimateddateofcompletion | Advancesaleproportion |
39.PayrollPayable
(1)ListofPayrollPayable
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| I.Short-termsalary | 227,076,754.76 | 436,732,185.31 | 488,758,454.44 | 175,050,485.63 |
| II.Post-employmentbenefit-definedcontributionplans | 2,208,300.26 | 36,295,112.76 | 35,859,697.61 | 2,643,715.41 |
| III.TerminationBenefits | 1,333,012.21 | 2,149,251.05 | 2,477,803.05 | 1,004,460.21 |
| Total | 230,618,067.23 | 475,176,549.12 | 527,095,955.10 | 178,698,661.25 |
(2)ListofShort-termSalary
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| 1.Salary,bonus,allowance,subsidy | 210,881,513.13 | 385,551,305.26 | 436,886,313.14 | 159,546,505.25 |
| 2.Employeewelfare | 1,229,329.15 | 2,797,154.57 | 2,793,581.25 | 1,232,902.47 |
| 3.Socialinsurance | 175,180.41 | 14,944,773.63 | 15,060,101.02 | 59,853.02 |
| Ofwhich:Medicalinsurancepremiums | 171,489.07 | 13,121,771.61 | 13,237,287.64 | 55,973.04 |
| Work-relatedinjuryinsurance | 1,148.13 | 516,456.20 | 516,394.99 | 1,209.34 |
| Maternityinsurance | 2,543.21 | 657,593.09 | 657,465.66 | 2,670.64 |
Othercommercialinsurances
| Othercommercialinsurances | 648,952.73 | 648,952.73 | ||
| 4.Housingfund | 1,739,640.18 | 13,499,871.63 | 14,196,587.26 | 1,042,924.55 |
| 5.Laborunionbudgetandemployeeeducationbudget | 12,713,142.28 | 8,325,784.12 | 8,723,918.86 | 12,315,007.54 |
| 8.Non-monetarybenefits | 337,949.61 | 11,613,296.10 | 11,097,952.91 | 853,292.80 |
| Total | 227,076,754.76 | 436,732,185.31 | 488,758,454.44 | 175,050,485.63 |
(3)ListofDefinedContributionPlans
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| 1.Basicpensionbenefits | 122,887.45 | 30,828,191.20 | 30,824,457.82 | 126,620.83 |
| 2.Unemploymentinsurance | 3,390.98 | 1,299,371.48 | 971,780.33 | 330,982.13 |
| 3.Annuity | 2,082,021.83 | 4,167,550.08 | 4,063,459.46 | 2,186,112.45 |
| Total | 2,208,300.26 | 36,295,112.76 | 35,859,697.61 | 2,643,715.41 |
Othernotes:
40.TaxesPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| VAT | 18,313,322.13 | 31,899,490.39 |
| Corporateincometax | 135,956,455.26 | 89,909,020.12 |
| Personalincometax | 3,599,500.49 | 4,784,572.49 |
| Urbanmaintenanceandconstructiontax | 1,234,959.36 | 2,183,941.56 |
| Landappreciationtax | 3,542,023,155.33 | 3,184,727,554.49 |
| Propertytax | 4,519,345.11 | 406,052.03 |
| Landusetax | 917,403.47 | 938,263.93 |
| EducationSurcharge | 548,983.03 | 956,374.53 |
| Localeducationsurcharge | 483,640.79 | 637,795.25 |
| Others | 87,283.96 | 147,125.55 |
| Total | 3,707,684,048.93 | 3,316,590,190.34 |
Othernotes:
41.OtherPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Interestspayable | 0.00 | 0.00 |
| Dividendspayable | 417,468,458.60 | 17,542,675.98 |
| Otherpayables | 1,416,544,435.46 | 1,010,071,014.96 |
| Total | 1,834,012,894.06 | 1,027,613,690.94 |
(1)InterestPayable
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
Listofthesignificantoverdueunpaidinterest:
Unit:RMB
| Entity | Overdueamount | Overduereason |
Othernotes:
(2)DividendsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ordinarystockdividends | 417,468,458.60 | 17,542,675.98 |
| Total | 417,468,458.60 | 17,542,675.98 |
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 | 312,735,362.72 | 308,594,807.32 |
| Margin | 16,645,088.22 | 14,226,129.01 |
| Collectiononbehalf | 26,751,503.62 | 16,771,844.07 |
| Intercoursefunds | 763,295,532.36 | 425,527,818.25 |
| Accruedexpenses | 213,175,708.73 | 169,509,455.08 |
| Paymentonbehalf | 33,285,120.99 | 16,622,281.69 |
| Others | 50,656,118.82 | 58,818,679.54 |
| Total | 1,416,544,435.46 | 1,010,071,014.96 |
2)SignificantOtherAccountsPayableAgingoverOneYear
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ShenzhenPasonAluminumTechnologyCo.,Ltd. | 198,352,106.44 | Didnotsubmitthepaymentapplicationforhistoricalreasons |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 38,796,665.14 | Come-and-goaccountswithoutspecificpaymentterm |
| TencentTechnology(Shenzhen)CompanyLimited | 5,257,966.56 | Propertymanagementandutilitiesdeposit |
| ShenzhenTian’anInternationalMansion | 5,214,345.90 | Come-and-goaccountswithoutspecific |
PropertyAdministrationCo.,Ltd.
| PropertyAdministrationCo.,Ltd. | paymentterm | |
| ShenzhenSocialCommonwealFoundation | 3,323,202.00 | Didnotsubmitthepaymentapplication |
| Total | 250,944,286.04 |
Othernotes:
42.Held-for-saleLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
43.CurrentPortionofNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Currentportionoflong-termborrowings | 69,865,800.56 | 68,984,050.47 |
| Currentportionofleaseliabilities | 20,322,830.62 | 14,940,651.36 |
| Total | 90,188,631.18 | 83,924,701.83 |
Othernotes:
44.OtherCurrentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Taxtobechargedoff | 61,443,414.40 | 77,355,792.16 |
| Total | 61,443,414.40 | 77,355,792.16 |
Increase/decreaseoftheshort-termbondspayable:
Unit:RMB
| Name | Parvalue | Issuedate | Bondduration | Issueamount | Beginningbalance | IssuedintheReportingPeriod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation | RepaidintheReportingPeriod | Endingbalance |
Total
Othernotes:
45.Long-termBorrowings
(1)CategoryofLong-termBorrowings
Unit:RMB
Total
Item
| Item | Endingbalance | Beginningbalance |
| Pledgedloan | 3,159,715,668.00 | 2,999,400,000.00 |
| Mortgageloan | 126,500,000.00 | 1,500,000.00 |
| Creditloan | 492,800,000.00 | 523,600,000.00 |
| Total | 3,779,015,668.00 | 3,524,500,000.00 |
Notetothecategoryoflong-termborrowings:
Pledgedborrowingsattheperiod-end
1.Thepledgedborrowingsattheperiod-endwereusedtodeveloptheBanglingurbanrenewalprojectofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.(hereinafterreferredtoas“RongyaoRealEstate”)withthedurationfrom29November2019to20November2024,applyingtheborrowingratebyrising1.55%complyingwithone-yearlevelofloanprimerate.And69%equityofRongyaoRealEstateheldbytheCompanywaspledgedandtheguaranteemodewasthejointliabilityguaranty.
2.TheborrowingsareusedforShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.topayfortheequityofShenzhenForeignTradePropertyManagementCo.,Ltd.,ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.,ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.andShenzhenPropertyManagementCo.,Ltd.Thetermoftheborrowingsisfrom18May2022to26April2027,thelendingrateis3.55%,andthepledgeis100%equityofShenzhenForeignTradePropertyManagementCo.,Ltd.,ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.,ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.andShenzhenPropertyManagementCo.,Ltd.
Themortgageborrowingsattheperiod-endwereusedforthedailyoperatingactivitiesofShenZhenProperties&ResourcesDevelopment(Group)Ltd.(hereinafterreferredtoastheCompany)withthedurationfrom27November2020to27November2023,applyingafloatinginterestrate.Thefirst-phaseexecutioninterestratewas4.655%,andthepledgewasthelanduserightofFuminNewVillageinFutianDistrictoftheCompany.Thecreditborrowingsattheperiod-endwereusedforthetransactionpaymentofequityofShenzhenToukongPropertyManagementCo.,Ltd.withthedurationfrom18May2020to10May2025,applyingtheborrowingratebyadding23.5basispointscomplyingwithone-yearlevelofloanprimerate.Othernotes,includinginterestraterange
46.BondsPayable
(1)BondsPayable
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
(2)ChangesofBondsPayable(ExcludingOtherFinancialInstrumentsDividedasFinancialLiabilitiessuchasPreferredSharesandPerpetualBonds)
Unit:RMB
| Name | Parvalue | Issuedate | Bondduration | Issueamount | Beginningbalance | IssuedintheReportingPeriod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation | RepaidintheReportingPeriod | Endingbalance |
Total
| Total | —— |
(3)ConvertibleConditionsandTimeforConvertibleCorporateBonds
(4)NotestoOtherFinancialInstrumentsClassifiedasFinancialLiabilitiesBasicsituationofotherfinancialinstrumentssuchaspreferredsharesandperpetualbondsoutstandingattheperiod-endChangesinfinancialinstrumentssuchaspreferredsharesandperpetualbondsoutstandingattheperiod-end
Unit:RMB
| Outstandingfinancialinstruments | Period-beginning | Increase | Decrease | Period-end | ||||
| Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | |
NotestobasisfortheclassificationofotherfinancialinstrumentsasfinancialliabilitiesOthernotes:
47.LeaseLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Leasepayments | 125,508,114.13 | 124,179,565.50 |
| Less:Unrecognizedfinancingexpense | -23,857,241.87 | -26,157,731.25 |
| Less:leaseliabilitiesduewithin1year | -20,322,830.62 | -14,940,651.36 |
| Total | 81,328,041.64 | 83,081,182.89 |
Othernotes:
48.Long-termPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
(1)Long-termPayablesListedbyNature
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
(2)SpecificPayables
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance | Reasonforformation |
Othernotes:
49.Long-termPayrollPayable
(1)ListofLong-termPayrollPayable
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
(2)ChangesinDefinedBenefitPlansObligationpresentvalueofdefinedbenefitplans:
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Planassets:
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Netliabilities(netassets)ofdefinedbenefitplans:
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Notesofinfluenceofcontentofdefinedbenefitplansanditsrelevantriskstothefuturecashflow,timeanduncertaintyoftheCompany:
Notestotheresultsofsignificantactuarialassumptionsandsensitivityanalysisofdefinedbenefitplans:
Othernotes:
50.Provisions
Unit:RMB
| Item | Endingbalance | Beginningbalance | Reasonforformation |
| Pendinglitigation | 1,436,353.14 | 1,425,490.50 | CaiBaolin'slawsuitontheresidualvalueofdecoration |
| Total | 1,436,353.14 | 1,425,490.50 |
Othernotes,includingnotestorelatedsignificantassumptionsandevaluationofsignificantprovisions:
Note:refertoNoteXIV-2fordetails.
51.DeferredIncome
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance | Reasonforformation |
| Total | 0.00 | 0.00 |
Iteminvolvinggovernmentgrants:
Unit:RMB
| Item | Beginningbalance | Amountofnewlysubsidy | Amountrecordedintonon-operating | Amountrecordedintootherincomein | AmountoffsetcostintheReporting | Otherchanges | Endingbalance | Relatedtoassets/relatedincome |
incomeintheReportingPeriod
| incomeintheReportingPeriod | theReportingPeriod | Period |
Othernotes:
52.OtherNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Utilityspecificfund | 513,163.06 | 615,787.03 |
| Housingprinciplefund | 32,048,385.33 | 30,182,416.96 |
| Housewarmingdeposit | 6,957,496.22 | 7,008,598.13 |
| ElectricEquipmentMaintenancefund | 4,019,415.44 | 4,019,415.44 |
| Deputedmaintenancefund | 30,403,544.01 | 39,097,425.77 |
| Follow-upinvestmentofemployeesforGuanlanBanglingproject | 40,000,000.00 | 40,000,000.00 |
| Others | 4,807,640.96 | 5,136,039.75 |
| Total | 118,749,645.02 | 126,059,683.08 |
Othernotes:
53.ShareCapital
Unit:RMB
| Beginningbalance | Increase/decrease(+/-) | Endingbalance | |||||
| Newsharesissued | Bonusshares | Bonusissuefromprofit | Others | Subtotal | |||
| Thesumofshares | 595,979,092.00 | 595,979,092.00 | |||||
Othernotes:
54.OtherEquityInstruments
(1)BasicInformationaboutOtherOutstandingFinancialInstrumentssuchasPreferredSharesandPerpetualBondsatthePeriod-end
(2)ChangesofOutstandingFinancialInstrumentssuchasPreferredSharesandPerpetualBondsatthePeriod-end
Unit:RMB
| Outstandingfinancialinstruments | Period-beginning | Increase | Decrease | Period-end | ||||
| Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | |
ChangesofotherequityinstrumentsintheReportingPeriod,reasonsthereofandbasisofrelatedaccountingtreatment:
Othernotes:
55.CapitalReserve
Unit:RMB
Item
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| Capitalpremium(equitypremium) | 66,498,122.32 | 66,498,122.32 | ||
| Othercapitalreserves | 80,488,045.38 | 80,488,045.38 | ||
| Total | 146,986,167.70 | 66,498,122.32 | 80,488,045.38 |
Othernotes,includingadescriptionoftheincreaseordecreaseinthecurrentperiodandthereasonsforthechange:
(1)TheCompanyacquired100%equityofShenzhenPropertyManagementCo.,Ltd.inJanuary2022,and100%equityofShenzhenForeignTradePropertyManagementCo.,Ltd.,ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.,ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.inFebruary2022,bothbymeansofbusinesscombinationunderthesamecontrol.Itisstipulatedthat,duringthepreparationofcomparativestatementsatthebeginningoftheperiodforbusinesscombination,thepartiesinvolvedshallbedeemedtobeintheirpresentstateatthetimewhentheultimatecontrollingpartybeginstoexercisecontrol.Therefore,duringthecombinationoftheacquiredcompaniesthisyear,theCompanyincreasedtheopeningcapitalreserve,openingsurplusreserveandundistributedprofitrespectivelybyRMB66,498,122.32,RMB17,937,391.71,andRMB12,720,655.15.
(2)Ontheactualacquisitionandcombinationdateforthecurrentperiod,thedifference(undistributedprofit)betweentheacquisitionpriceandthenetbookvalueoftheassetsoftheacquiredcompaniesonthecombinationdatewasRMB201,687,082.98.
56.TreasuryShares
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| Total | 0.00 | 0.00 |
Othernotes,includingadescriptionoftheincreaseordecreaseinthecurrentperiodandthereasonsforthechange:
57.OtherComprehensiveIncome
Unit:RMB
| Item | Beginningbalance | Amountofthecurrentperiod | Endingbalance | |||||
| IncomebeforetaxationintheCurrentPeriod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentPeriod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
| I.Othercomprehensiveincomethatmaynotbereclassifiedtoprofitorloss | -2,574,121.54 | -118,365.58 | -118,365.58 | -2,692,487.12 | ||||
Changesinfairvalueofotherequityinstrumentinvestment\
| Changesinfairvalueofotherequityinstrumentinvestment\ | -2,574,121.54 | -118,365.58 | -118,365.58 | -2,692,487.12 | ||
| II.Othercomprehensiveincomethatmaysubsequentlybereclassifiedtoprofitorloss | -5,600,532.12 | 2,181,645.00 | 2,181,645.00 | -3,418,887.12 | ||
| Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | -5,600,532.12 | 2,181,645.00 | 2,181,645.00 | -3,418,887.12 | ||
| Totalofothercomprehensiveincome | -8,174,653.66 | 2,063,279.42 | 2,063,279.42 | -6,111,374.24 |
Othernotes,includingtheadjustmentoftheeffectivegain/lossoncashflowhedgestotheinitialrecognizedamount:
58.SpecificReserve
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
Othernotes,includingadescriptionoftheincreaseordecreaseinthecurrentperiodandthereasonsforthechange:
59.SurplusReserves
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| Statutorysurplusreserves | 47,209,537.05 | 17,937,391.71 | 29,272,145.34 | |
| Discretionalsurplusreserves | 365,403.13 | 365,403.13 | ||
| Total | 47,574,940.18 | 17,937,391.71 | 29,637,548.47 |
Notes,includingchangesandreasonofchange:
Referto“CapitalReserve”forthereasonofdecreaseinsurplusreservesoftheReportingPeriod.
60.RetainedEarnings
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
Beginningbalanceofretainedprofitsbeforeadjustments
| Beginningbalanceofretainedprofitsbeforeadjustments | 3,800,901,413.35 | 3,038,993,912.43 |
| Totalretainedearningsatthebeginningoftheadjustment(“+”forincrease,“-“fordecrease) | 44,478,686.34 | |
| Beginningbalanceofretainedprofitsafteradjustments | 3,800,901,413.35 | 3,083,472,598.77 |
| Add:NetprofitattributabletoownersoftheCompanyastheparent | 250,802,157.71 | 1,025,588,514.94 |
| Less:Withdrawalofstatutorysurplusreserve | 10,450,980.74 | |
| Dividendofordinarysharespayable | 297,708,719.62 | |
| Others | -208,463,077.04 | |
| Endingretainedprofits | 3,437,974,711.46 | 3,800,901,413.35 |
Listofadjustmentofbeginningretainedprofits:
1)RMBXXXbeginningretainedearningswasaffectedbyretrospectiveadjustmentconductedaccordingtotheAccountingStandardsforBusinessEnterprisesandrelevantnewregulations.
2)RMBXXXbeginningretainedearningswasaffectedbychangesinaccountingpolicies.
3)RMBXXXbeginningretainedearningswasaffectedbycorrectionofsignificantaccountingerrors.
4)RMB12,720,655.15beginningretainedearningswasaffectedbychangesincombinationscopearisingfromsamecontrol.
5)RMBXXXbeginningretainedearningswasaffectedtotallybyotheradjustments.
61.OperatingRevenueandCostofSales
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Mainbusiness | 1,972,677,481.97 | 1,067,980,872.62 | 2,688,603,222.17 | 902,028,270.86 |
| Others | 15,622,358.27 | 671,710.70 | 18,182,416.13 | 4,021,796.86 |
| Total | 1,988,299,840.24 | 1,068,652,583.32 | 2,706,785,638.30 | 906,050,067.72 |
Relevantinformationofrevenue:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |
| Productcategories | 1,988,299,840.24 | 1,988,299,840.24 | ||
| Ofwhich: | ||||
| Realestate | 1,156,147,570.46 | 1,156,147,570.46 | ||
| Propertymanagement | 778,342,112.81 | 778,342,112.81 | ||
| Leasingbusiness | 53,810,156.97 | 53,810,156.97 | ||
| Ofwhich: | ||||
| Shenzhen | ||||
| Otherregions | 1,570,922,892.64 | 1,570,922,892.64 | ||
| Productcategories | 417,376,947.60 | 417,376,947.60 | ||
| Bytypesofmarketorcustomers | ||||
| Ofwhich: |
Typesofcontracts
| Typesofcontracts |
| Ofwhich: |
Bythetimeoftransferringgoods
| Bythetimeoftransferringgoods |
| Ofwhich: |
Bycontractterm
| Bycontractterm |
| Ofwhich: |
Bymarketingchannel
| Bymarketingchannel |
| Ofwhich: |
Total
Informationaboutperformanceobligations:
On30June2022,thetransactionpriceassignedtounfulfilled(orpartiallyunfulfilled)performanceobligationswasestimatedtobeRMB1.445billion,whichismainlyexpectedfuturerevenueoftransactionpricesthathavenotmetthedeliveryconditionsstipulatedinsalescontractsofrealestate.TheCompanyisexpectedtoachievetheplannedsalesrevenuewithinoneortwoyearswhenthehousepropertyiscompletedandpassestheacceptance,whichmeetsthedeliveryconditionsstipulatedinsalescontracts,andwhenthecustomersacquirethecontrolrightsofrelevantgoodsorservices.Informationinrelationtothetransactionpriceapportionedtotheresidualcontractperformanceobligation:
TheamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyetwasRMB1,444,829,540.64attheperiod-end,amongwhichRMB471,847,751.64wasexpectedtoberecognizedin2022,RMB952,981,789.00in2023andRMB20,000,000.00in2025.Othernotes:
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Thetop5accountsreceivedwithconfirmedamountintheReportingPeriod:
Unit:RMB
TotalNo.
| No. | Project | Incomebalance |
62.TaxesandSurtaxes
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Urbanmaintenanceandconstructiontax | 6,451,246.20 | 8,905,060.06 |
| EducationSurcharge | 2,793,502.94 | 3,855,174.91 |
| Propertytax | 2,296,167.11 | 5,009,454.12 |
| Landusetax | 0.00 | 732,830.19 |
| Vehicleandvesselusetax | 14,176.80 | 1,740.00 |
| Stampduty | 1,998,247.74 | 1,238,857.61 |
| Localeducationsurcharge | 1,827,584.76 | 2,516,481.48 |
| Landappreciationtax | 378,694,384.75 | 792,335,513.52 |
| Othertaxes | 155,409.51 | 157,828.24 |
| Total | 394,230,719.81 | 814,752,940.13 |
Othernotes:
63.SellingExpense
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Agencyfee | 989,571.51 | 1,623,764.43 |
| Consultancyandsalesservicecharges | 2,384,890.28 | 583,313.72 |
| Advertisingexpenses | 954,193.61 | 4,348,607.25 |
Employeeremuneration
| Employeeremuneration | 3,422,942.15 | 2,806,347.15 |
| Others | 3,607,260.96 | 1,056,072.82 |
| Total | 11,358,858.51 | 10,418,105.37 |
Othernotes:
64.AdministrativeExpense
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Employeeremuneration | 107,934,307.26 | 83,503,736.04 |
| Administrativeofficecost | 13,369,249.80 | 12,567,205.36 |
| Assetsamortizationanddepreciationexpense | 12,231,294.86 | 10,685,564.73 |
| Litigationcosts | 1,823,824.81 | 162,113.87 |
| Others | 8,342,381.32 | 12,189,011.52 |
| Total | 143,701,058.05 | 119,107,631.52 |
Othernotes:
65.DevelopmentExpense
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Employeeremuneration | 2,511,310.90 | 0.00 |
| Officecost | 3,395.00 | 0.00 |
| R&Dmaterialexpense | 25,050.00 | 0.00 |
| Others | 149,969.50 | 0.00 |
| Total | 2,689,725.40 | 0.00 |
Othernotes:
66.FinanceCosts
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Financecosts | 36,281,087.17 | 38,497,917.45 |
| Less:Interestincome | 9,179,453.97 | 39,323,534.92 |
| Foreignexchangegainsorlosses | -1,610,359.72 | 39,617.59 |
| Others | 2,601,004.28 | 874,996.96 |
| Total | 28,092,277.76 | -229,075.44 |
Othernotes:
67.OtherIncome
Unit:RMB
| Sources | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Governmentgrantsrelatedtoincome | 3,006,828.76 | 503,939.38 |
| Commissionchargesreturnofdeductibleincometax | 240,710.82 | 202,533.32 |
| AdditionaldeductionofVAT | 3,186,192.45 | 2,536,373.77 |
| RebateofVAT | 372,713.96 | 0.00 |
| Total | 6,806,445.99 | 3,242,846.47 |
68.InvestmentIncome
Unit:RMB
Item
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 859,534.38 | 3,218,483.17 |
| Interestincomefromholdingofotherinvestmentsindebtobligations | 87,379.67 | 132,081.79 |
| Total | 946,914.05 | 3,350,564.96 |
Othernotes:
69．NetGainonExposureHedges
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Othernotes:
70.GainonChangesinFairValue
Unit:RMB
| Sources | Amountofthecurrentperiod | Amountofthepreviousperiod |
Othernotes:
71.CreditImpairmentLoss
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Baddebtloss | -14,462,076.54 | -6,797,536.40 |
| Total | -14,462,076.54 | -6,797,536.40 |
Othernotes:
72.AssetImpairmentLoss
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| II.Inventoryfallingpricelossandimpairmentprovisionforcontractperformancecosts | 3,302.47 | -33,715.66 |
| Total | 3,302.47 | -33,715.66 |
Othernotes:
73.AssetDisposalIncome
Unit:RMB
| Sources | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Gainsondisposaloffixedassets | -41,452.49 | 0.00 |
74.Non-operatingIncome
Unit:RMB
Item
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Gainsonexchangeofnon-monetaryassets | 7,000.00 | ||
| Governmentsubsidies | 17,500.00 | 17,500.00 | |
| Confiscatedincomeanddefaultfine | 916,961.90 | 1,746,208.94 | 916,961.90 |
| Demolitioncompensation | 7,293,820.40 | ||
| Failuretopay | 874,963.88 | 874,963.88 | |
| Others | 736,642.68 | 1,577,654.80 | 736,642.68 |
| Total | 2,546,068.46 | 10,624,684.14 |
Governmentgrantsrecordedintocurrentprofitorloss
Unit:RMB
| Item | Distributionentity | Distributionreason | Nature | Whetherinfluencetheprofitsorlossesoftheyearornot | Specialsubsidyornot | ReportingPeriod | Sameperiodoflastyear | Relatedtoassets/relatedincome |
| Others | Subsidies | Subsidiesobtainedfromthestatebyundertakingthesustainabilityofpublicutilities,thesupplyofsociallynecessaryproducts,orthefunctionofpricecontrol | No | No | 17,500.00 | 10,000.00 | Relatedtorevenue |
Othernotes:
75.Non-operatingExpense
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Donation | 19,300.00 | 19,300.00 | |
| Lossfromdisposalofnon-currentassets | 101,068.85 | 21,910.65 | 101,068.85 |
| Litigationexpenses | 114,571.79 | ||
| Penaltyandfinefordelayingpayment | 1,050,960.64 | 1,041,812.71 | 1,050,960.64 |
| Others | 246,257.35 | 775,300.21 | 246,257.35 |
| Total | 1,417,586.84 | 1,953,595.36 |
Othernotes:
76.IncomeTaxExpense
(1)ListofIncomeTaxExpense
Unit:RMB
Item
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Currentincometaxexpense | 173,064,812.19 | 420,906,447.59 |
| Deferredincometaxexpense | -80,409,607.93 | -225,504,829.05 |
| Total | 92,655,204.26 | 195,401,618.54 |
(2)AdjustmentProcessofAccountingProfitandIncomeTaxExpense
Unit:RMB
| Item | Amountofthecurrentperiod |
| Profitbeforetaxation | 333,956,232.49 |
| Currentincometaxexpenseaccountedatstatutory/applicabletaxrate | 83,489,058.12 |
| Influenceofapplyingdifferenttaxratesbysubsidiaries | -65,915.42 |
| Influenceofincometaxbeforeadjustment | 10,401,555.26 |
| Influenceofnon-deductiblecosts,expensesandlosses | 6,125,489.14 |
| Theeffectofusingdeductiblelossesofdeferredincometaxassetsthathavenotbeenrecognizedinthepreviousperiod | -8,316,310.61 |
| Effectofdeductibletemporarydifferencesordeductiblelossesondeferredincometaxassetsnotrecognizedintheperiod | 1,021,327.76 |
| Incometaxexpenses | 92,655,204.26 |
Othernotes:
77.OtherComprehensiveIncome
RefertoNoteVII-57fordetails.
78.CashFlowStatement
(1)CashGeneratedfromOtherOperatingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Largeintercoursefundsreceived | 376,141,428.59 | 78,249,073.49 |
| Interestincome | 8,168,660.77 | 58,110,890.94 |
| Netmargins,securitydepositandvariousspecialfundsreceived | 47,722,607.40 | 44,352,692.62 |
| Othersmallreceivables | 29,754,454.20 | 44,581,361.27 |
| Total | 461,787,150.96 | 225,294,018.32 |
Notes:
(2)CashUsedinOtherOperatingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Payingadministrativeexpenseincash | 24,801,083.99 | 23,548,819.59 |
Payingsellingexpenseincash
| Payingsellingexpenseincash | 9,594,684.62 | 5,789,812.13 |
| Largecurrentpayment | 70,071,543.78 | 70,066,347.10 |
| Othersmallpayments | 1,997,036.36 | 7,552,946.76 |
| Total | 106,464,348.75 | 106,957,925.58 |
Notes:
(3)CashGeneratedfromOtherInvestingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Notes:
(4)CashUsedinOtherInvestingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Notes:
(5)CashGeneratedfromOtherFinancingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Notes:
(6)CashUsedinOtherFinancingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Paymentforleaseliabilities | 12,142,998.09 | 8,788,006.37 |
| Total | 12,142,998.09 | 8,788,006.37 |
Notes:
79.SupplementalInformationforCashFlowStatement
(1)SupplementalInformationforCashFlowStatement
Unit:RMB
| Supplementalinformation | AmountduringtheCurrentPeriod | Sameperiodoflastyear |
| 1.Reconciliationofnetprofittonetcashflowsgeneratedfromoperatingactivities | ||
| Netprofit | 241,301,028.23 | 669,717,598.61 |
| Add:Provisionforimpairmentofassets | 14,458,774.07 | 6,831,252.06 |
| Depreciationoffixedassets,oil-gasassets,andproductivebiologicalassets | 46,813,436.13 | 24,317,021.35 |
| Depreciationofright-of-useassets | 11,367,505.45 | 6,218,994.79 |
| Amortizationofintangibleassets | 390,983.97 | 134,639.16 |
| Amortizationoflong-termprepaidexpenses | 3,085,317.14 | 2,303,748.32 |
Lossesfromdisposaloffixedassets,intangibleassetsandotherlong-livedassets(gains:negative)
| Lossesfromdisposaloffixedassets,intangibleassetsandotherlong-livedassets(gains:negative) | 41,452.49 | 0.00 |
| Lossesfromscrapoffixedassets(gains:negative) | 101,068.85 | 21,910.65 |
| Lossesfromchangesinfairvalue(gains:negative) | ||
| Financecosts(gains:negative) | 28,092,277.76 | -229,075.44 |
| Investmentloss(gains:negative) | -6,806,445.99 | -3,242,846.47 |
| Decreaseindeferredincometaxassets(gains:negative) | -80,319,053.48 | -225,566,185.67 |
| Increaseindeferredincometaxliabilities(“-”meansdecrease) | -68,469.92 | 0.00 |
| Decreaseininventory(gains:negative) | -761,934,290.05 | 22,875,129.38 |
| Decreaseinaccountsreceivablegeneratedfromoperatingactivities(gains:negative) | -44,432,489.46 | -84,520,841.18 |
| Increaseinaccountspayableusedinoperatingactivities(decrease:negative) | 151,914,673.72 | 722,699,956.36 |
| Others | ||
| Netcashflowfromoperatingactivities | -395,994,231.09 | 1,141,561,301.92 |
| 2.Significantinvestingandfinancingactivitieswithoutinvolvementofcashreceiptsandpayments | ||
| Conversionofdebttocapital | ||
| Convertiblecorporatebondsmaturedwithin1Year | ||
| Fixedassetunderfinancelease | ||
| 3.Netincrease/decreaseofcashandcashequivalent: | ||
| Endingbalanceofcash | 1,473,196,246.07 | 5,125,678,683.28 |
| Less:Openingbalanceofcash | 1,963,988,756.69 | 4,372,982,079.50 |
| Plus:Closingbalanceofcashequivalents | ||
| Less:Openingbalanceofcashequivalents | ||
| Netincreaseincashandcashequivalents | -490,792,510.62 | 752,696,603.78 |
(2)NetCashPaidforAcquisitionofSubsidiaries
Unit:RMB
| Amount | |
| Cashorcashequivalentspaidinthecurrentperiodforthebusinesscombinationoccurringinthecurrentperiod | 240,634,030.00 |
| Ofwhich: | |
| ShenzhenPropertyManagementCo.,Ltd. | 177,009,030.00 |
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | 20,898,800.00 |
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | 29,971,100.00 |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | 10,864,850.00 |
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | 1,890,250.00 |
| Ofwhich: | |
| Ofwhich: | |
| Netcashpaidforacquisitionofsubsidiaries | 240,634,030.00 |
Othernotes:
(3)NetCashReceivefromDisposaloftheSubsidiaries
Unit:RMB
Amount
| Amount | |
| Ofwhich: | |
| Ofwhich: | |
| Ofwhich: |
Othernotes:
(4)CashandCashEquivalents
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| I.Cash | 1,473,196,246.07 | 1,963,988,756.69 |
| Including:Cashonhand | 71,615.91 | 123,973.10 |
| Bankdepositsondemand | 1,099,423,564.93 | 5,084,971,676.62 |
| Othermonetaryassetsondemand | 373,701,065.23 | 13,361,971.72 |
| III.Endingbalanceofcashandcashequivalents | 1,473,196,246.07 | 1,963,988,756.69 |
Othernotes:
80.NotestoItemsoftheStatementsofChangesinOwners’Equity
Notestothenameof“Other”ofendingbalanceofthesameperiodoflastyearadjustedandtheamountadjusted:
81.AssetswithRestrictedOwnershiporRightofUse
Unit:RMB
| Item | Endingcarryingvalue | Reasonforrestriction |
| MonetaryAssets | 375,888,953.54 | [Note1]-[Note9] |
| LanduserightofFuminNewVillage,FutianDistrict | 542,507,314.43 | [Note10] |
| Total | 918,396,267.97 |
Othernotes:
Othernotes:
[Note1]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasabankguaranteeofRMB368,609,058.40issuedbytheCompanyin2021forthesupervisionoftheimplementationentityoftheurbanrenewalunitprojectPhaseIIinBanglingArea,GuanlanStreet,LonghuaDistrictofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.,ofwhichtheprincipalwasRMB365,765,440.00andtheinterestwasRMB2,843,618.40.[Note2]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanescrowdepositofRMB44,757.83inthecateringbranchofthesubsidiarycompanyShandongShenguomaoRealEstateManagementCo.,Ltd.[Note3]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanadvancepaymentguaranteeofRMB459,627.50issuedbythesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.inDecember2021fortheupgradingandreconstructionofthesmartparkofShenzhenBayScienceandTechnologyEcologicalParkandthesoftwareplatformdevelopmentcontract.[Note4]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,000,000.00inthesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.blockedbythecourtduetopre-litigationpreservationforcontractdisputes.[Note5]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaloanguaranteeofRMB1,127,757.03
providedasmortgageguaranteesforcommercialhousingpurchasersandpaidbytheCompanyasarealestatedeveloperaccordingtorealestatebusinesspractices.[Note6]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB2,346,666.67ofinterestonunexpiredtermdepositsaccruedattheperiod-end.[Note7]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasinterestofRMB16,111.20onlarge-valuecertificatesofdeposit(morethanoneyear).[Note8]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB128,974.91intheaccountofthesubsidiarycompanyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.Theaccountwasinareceiving-onlystatusbecausethelegalpersonchangeformalitieshadnotbeencompletedbytheperiod-end.[Note9]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasarestrictedfundofRMB156,000intheblockedaccountofthesubsidiarycompanyShenzhenHuazhengpengPropertyManagementCo.,Ltd.[Note10]Duetotheneedsofdailybusinessactivities,theCompanyappliedforaloanfromBankofCommunicationsCo.,Ltd.ShenzhenBranchandmortgagedthelanduserightofFuminNewVillage,FutianDistrict.Theloanhasadurationfrom27November2020to27November2023andappliesfloatinginterestrates,withthefirstexecutioninterestratebeing4.655%.
82.ForeignCurrencyMonetaryItems
(1)ForeignCurrencyMonetaryItems
Unit:RMB
Item
| Item | Endingforeigncurrencybalance | Exchangerate | EndingbalanceconvertedtoRMB |
| MonetaryAssets | 56,062,487.14 | ||
| Ofwhich:USD | 120,000.00 | 6.7114 | 805,368.00 |
| EUR | |||
| HKD | 61,229,104.17 | 0.8552 | 52,363,129.89 |
| VND | 10,335,675,900.00 | 0.00028 | 2,893,989.25 |
| AccountsReceivable | |||
| Ofwhich:USD | |||
| EUR | |||
| HKD |
Long-termborrowings
| Long-termborrowings | |||
| Ofwhich:USD | |||
| EUR | |||
| HKD | |||
| Accountsprepaid | 8,338.89 | 7,131.42 | |
| Ofwhich:HKD | 8,338.89 | 0.8552 | 7,131.42 |
| Otherpayables | 4,527,939.28 | 3,872,293.67 | |
| Ofwhich:HKD | 4,527,939.28 | 0.8552 | 3,872,293.67 |
Othernotes:
(2)NotestoOverseasEntitiesIncluding:forSignificantOverseaEntities,MainOperatingPlace,RecordingCurrencyandSelectionBasisShallBeDisclosed;ifthereAreChangesinRecordingCurrency,RelevantReasonsShallBeDisclosed.?Applicable□Notapplicable
| Item | Mainoperatingplace | Standardcurrencyforaccounting | Basisforchoosing |
| ShumYipPropertiesDevelopmentCo.,Ltd.anditssubsidiary | HongKong | HKD | LocatedinHK,settledbyHKD |
VietnamShenguomaoPropertyManagementCo.,Ltd.
| VietnamShenguomaoPropertyManagementCo.,Ltd. | Vietnam | VND | LocatedinVietnam,settledbyVND |
83.Arbitrage
Qualitativeandquantitativeinformationofrelevantarbitrageinstruments,hedgedriskinlinewiththetypeofarbitragetodisclose:
84.GovernmentGrants
(1)BasicInformationonGovernmentGrants
Unit:RMB
| Category | Amount | Listeditems | Amountrecordedinthecurrentprofitorloss |
| Subsidyforstabilizingemployment | 800,454.00 | Otherincome | 800,454.00 |
| Specialguidancesubsidyforscenicspotserviceindustry | 400,000.00 | Otherincome | 400,000.00 |
| Trainingsubsidyforstayingonthejob | 365,580.00 | Otherincome | 365,580.00 |
| Subsidyforhighandnewenterprises | 180,000.00 | Otherincome | 180,000.00 |
| Subsidiesforpandemicprevention | 100,000.00 | Otherincome | 100,000.00 |
| Othersubsidies | 621,451.25 | Otherincome | 621,451.25 |
| Othersubsidies | 17,500.00 | Non-operatingincome | 17,500.00 |
| Total | 2,484,985.25 |
(2)ReturnofGovernmentGrants
□Applicable?NotapplicableOthernotes:
85.OtherVIII.ChangeofConsolidationScope
1.BusinessCombinationNotundertheSameControl
(1)BusinessCombinationNotundertheSameControlduringtheReportingPeriod
Unit:RMB
| Nameofacquiree | Timeandplaceofgainingequity | Costofgainingtheequity | Proportionofequity | Waytogainequity | Purchasedate | Recognitionbasisofpurchasedate | Incomeofacquireefromthepurchasedatetoperiod-end | Netprofitsofacquireefromthepurchasedatetoperiod-end |
Othernotes:
(2)CombinationCostandGoodwill
Unit:RMB
Combinationcost
| Combinationcost |
| --Cash |
| --Fairvalueofnon-cashassets |
| --Fairvalueofissuedorassumeddebts |
| --Fairvalueofissuedequitysecurities |
| --Fairvalueofthecontingentconsideration |
| --Fairvalueofequityinterestsheldbeforetheacquisitiondateontheacquisitiondate |
| --Other |
| Totalcombinationcosts |
| Less:shareinthefairvalueofidentifiablenetassetsacquired |
| Theamountofgoodwill/combinationcostlessthantheshareinthefairvalueofidentifiablenetassetsacquired |
Notetodeterminationmethodofthefairvalueofthecombinationcost,considerationandchanges:
Themainformationreasonforthelargegoodwill:
Othernotes:
(3)TheIdentifiableAssetsandLiabilitiesofAcquireeonPurchaseDate
Unit:RMB
| Fairvalueonpurchasedate | Carryingvalueonpurchasedate | |
| Assets: | ||
| MonetaryAssets | ||
| Accountsreceivable | ||
| Inventories | ||
| FixedAssets | ||
| IntangibleAssets |
Liabilities:
| Liabilities: |
| Borrowings |
| Accountspayable |
| Deferredincometaxliabilities |
Netassets
| Netassets |
| Less:Non-controllinginterests |
| Netassetsacquired |
Thedeterminationmethodofthefairvalueofidentifiableassetsandliabilities:
Contingentliabilityofacquireeundertakeninthebusinesscombination:
Othernotes:
(4)GainsorlossesfromRe-measurementofEquityHeldbeforethePurchaseDateatFairValueWhetherthereisatransactionthatthroughmultipletransactionstepbysteptorealizebusinesscombinationandgainingthecontrolduringtheReportingPeriod
□Yes?No
(5)NotestoReasonableConsiderationorFairValueofIdentifiableAssetsandLiabilitiesoftheAcquireethatCannotBeDeterminedontheAcquisitionDateorduringthePeriod-endoftheMerger
(6)OtherNotes
2.BusinessCombinationundertheSameControl
(1)BusinessCombinationundertheSameControlduringtheReportingPeriod
Unit:RMB
Combined
party
| Combinedparty | Proportionoftheequity | Basis | Combinationdate | Recognitionbasisofcombinationdate | Incomefromtheperiod-begintothecombinationdateoftheacquiree | Netprofitsfromtheperiod-begintothecombinationdateoftheacquiree | Incomeoftheacquireeduringtheperiodofcomparison | Netprofitsoftheacquireeduringtheperiodofcomparison |
| ShenzhenPropertyManagementCo.,Ltd. | 100.00% | Underthesameultimatecontrolbothbeforeandafterthecombination | 31January2022 | Completionofequitychange | 9,750,410.15 | -1,708,521.80 | 73,432,723.43 | 1,833,413.37 |
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | 100.00% | Underthesameultimatecontrolbothbeforeandafterthecombination | 28February2022 | Completionofequitychange | 4,689,168.06 | 36,367.85 | 13,712,751.08 | -537,162.63 |
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | 100.00% | Underthesameultimatecontrolbothbeforeandafterthecombination | 28February2022 | Completionofequitychange | 17,410,425.71 | -3,185,005.42 | 55,627,300.88 | -183,180.78 |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | 100.00% | Underthesameultimatecontrolbothbeforeandafterthecombination | 28February2022 | Completionofequitychange | 7,311,648.87 | -1,993,556.10 | 14,328,940.69 | 25,947.21 |
| Shenzhen | 100.00% | Underthe | 28 | Completi | 4,467,813. | -82,885.87 | 14,304,3 | -47,474.50 |
FreeTradeZoneSecurityServiceCo.,Ltd.
| FreeTradeZoneSecurityServiceCo.,Ltd. | sameultimatecontrolbothbeforeandafterthecombination | February2022 | onofequitychange | 55 | 25.67 |
Othernotes:
(2)CombinationCost
Unit:RMB
| Combinationcost | ShenzhenPropertyManagementCo.,Ltd. | ShenzhenForeignTradePropertyManagementCo.,Ltd. | ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. |
| --Cash | 196,676,700.00 | 20,898,800.00 | 59,942,200.00 | 21,729,700.00 | 3,780,500.00 |
| --Carryingvalueofnon-cashassets | |||||
| --Carryingvalueofissuedorassumeddebts | |||||
| --Carryingvalueofissuedequitysecurities | |||||
| --Contingentconsideration |
Contingentliabilitiesandchangesthereof:
Othernotes:
(3)TheCarryingValueofAssetsandLiabilitiesoftheCombinedPartyontheCombinationDate
Unit:RMB
| ShenzhenPropertyManagementCo.,Ltd. | ShenzhenForeignTradePropertyManagementCo.,Ltd. | ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | ||||||
| Combinationdate | Period-endofthelastperiod | Combinationdate | Period-endofthelastperiod | Combinationdate | Period-endofthelastperiod | Combinationdate | Period-endofthelastperiod | Combinationdate | Period-endofthelastperiod | |
| Assets: | 91,865,021.54 | 99,580,061.76 | 33,169,111.38 | 36,120,119.27 | 59,846,059.08 | 66,091,469.87 | 32,471,597.50 | 35,577,360.77 | 11,970,947.84 | 14,479,933.02 |
| Monetaryassets | 55,066,955.43 | 64,230,462.50 | 16,986,622.97 | 20,798,056.00 | 25,928,156.47 | 38,465,320.27 | 23,883,827.80 | 27,883,172.22 | 8,452,394.02 | 12,166,474.46 |
| Receivables | 27,028,907.34 | 25,635,738.11 | 14,211,330.55 | 13,250,442.77 | 28,566,607.47 | 22,741,046.85 | 7,765,482.01 | 6,841,757.47 | 3,404,745.44 | 2,208,212.88 |
| Inventories | 938,880.58 | 834,370.65 | 84,935.19 | 103,719.68 | 31,759.42 | 31,699.42 | 184,918.86 | 186,658.86 | 40,885.60 | 25,885.60 |
| Fixedassets | 2,485,719.57 | 2,516,947.44 | 166,673.51 | 172,534.15 | 2,678,518.26 | 2,534,272.41 | 633,898.40 | 661,516.56 | 72,922.78 | 79,360.08 |
| Intangibleassets | ||||||||||
Liabilities:
| Liabilities: | 58,540,399.31 | 64,546,917.73 | 19,857,121.46 | 22,844,497.20 | 34,310,070.75 | 37,370,496.12 | 12,216,316.90 | 13,328,524.07 | 7,828,167.09 | 10,254,266.40 |
| Loans | ||||||||||
| Payables | 43,374,263.32 | 44,788,148.32 | 12,334,452.60 | 11,968,901.87 | 28,334,695.55 | 26,676,468.66 | 11,285,594.94 | 11,250,209.29 | 4,881,478.21 | 6,334,037.97 |
Netassets
| Netassets | 33,324,622.23 | 35,033,144.03 | 13,311,989.92 | 13,275,622.07 | 25,535,980.33 | 28,720,973.75 | 20,255,280.60 | 22,248,836.70 | 4,142,780.75 | 4,225,666.62 |
| Less:Non-controllinginterests | 1,951,481.31 | 1,839,939.00 | ||||||||
| Netassetsacquired | 33,324,622.23 | 35,033,144.03 | 13,311,989.92 | 13,275,622.07 | 23,584,499.02 | 26,881,034.75 | 20,255,280.60 | 22,248,836.70 | 4,142,780.75 | 4,225,666.62 |
Contingentliabilitiesofthecombinedpartyundertakeninthebusinesscombination:
Othernotes:
3.CounterPurchase
Basicinformationoftrading,thebasisoftransactionsconstitutescounterpurchase,theretainassets,liabilitiesofthelistedcompanieswhetherconstitutedabusinessanditsbasis,thedeterminationofthecombinationcosts,theamountandcalculationofadjustedrightsandinterestsinaccordancewiththeequitytransactionprocess:
4.DisposalofSubsidiaryWhethertherewasasingledisposalofaninvestmentinasubsidiarythatresultedinalossofcontrol
□Yes?NoWhethertherewasastep-by-stepdisposalofinvestmentinasubsidiarythroughmultipletransactionsandlossofcontrolduringtheperiod
□Yes?No
5.ChangesinCombinationScopeforOtherReasonsDescribeotherchangesintheconsolidationscope(e.g.,newsubsidiaries,liquidationofsubsidiaries,etc.)andrelevantsituations:
Increaseinscopeofcombination
| Nameofcompany | Waytogainequity | Timeandplaceofgainingequity | Contributionamount | Contributionproportion |
| ShenzhenShenwuElevatorCo.,Ltd. | Businesscombinationunderthesamecontrol | 31January2022 | 3,500,000 | 100% |
| ShenzhenShenfangRealEstateCleaningCo.,Ltd. | Businesscombinationunderthesamecontrol | 31January2022 | 100% | |
| ShenzhenWuheUrbanRenewalCo.,Ltd. | Newly-establishedsubsidiary | 25February2022 | 95,000,000 | 100% |
| ShenzhenFubaoUrbanResourceManagementCo.,Ltd. | Businesscombinationunderthesamecontrol | 28February2022 | 3,000,000 | 60% |
| YangzhouWuheRealEstateCo.,Ltd. | Newly-establishedsubsidiary | 17March2022 | 67% | |
| ShenzhenTongluWuheInvestmentDevelopmentCo.,Ltd. | Newly-establishedsubsidiary | 2April2022 | 10,000,000 | 100% |
| ShenzhenGuomaoIndustrialSpaceServiceCo.,Ltd. | Newly-establishedsubsidiary | 27April2022 | 1,540,000 | 55% |
6.OtherIX.EquityinOtherEntities
1.EquityinSubsidiary
(1)Subsidiaries
Name
| Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | |||||
| ShenzhenHuangchengRealEstateCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Softwareandinformationtechnologyservices | 35.00% | Businesscombinationnotunderthesamecontrol | |
| BeijingFacilityHomeTechnologyCo.,Ltd. | Beijing | Beijing | Softwareandinformationtechnologyservices | 17.85% | Businesscombinationnotunderthesamecontrol | |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | Xuzhou | Xuzhou | Realestate | 100.00% | Set-up | |
| DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. | Dongguan | Dongguan | Realestate | 100.00% | Set-up | |
| SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. | Yangzhou | Yangzhou | Realestate | 100.00% | Set-up | |
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenGuomaomeiLifeServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShandongShenguomaoRealEstateManagementCo.,Ltd. | Jinan | Jinan | Realestate | 100.00% | Set-up | |
| ChongqingShenguomaoRealEstateManagementCo.,Ltd. | ChongqingCity | ChongqingCity | Realestate | 100.00% | Set-up | |
| ChongqingAoboElevatorCo.,Ltd. | ChongqingCity | ChongqingCity | ServiceIndustry | 100.00% | Set-up | |
| ChongqingTianqueElevatorTechnologyCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Set-up | |
| ShenzhenGuoguanElectromechanicalDeviceCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Set-up | |
| ShenzhenGuomaoCateringCo.,Ltd. | Shenzhen | Shenzhen | Accommodationandcatering | 100.00% | Set-up | |
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Set-up | |
| SZPRDCommercialOperationCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Set-up | |
| ZhanjiangShenzhen | Zhanjiang | Zhanjian | Realestate | 100.00% | Set-up | |
RealEstateDevelopmentCo.,Ltd.
| RealEstateDevelopmentCo.,Ltd. | City | gCity | ||||
| ShumYipPropertiesDevelopmentCo.,Ltd. | HongKong | HongKong | Realestate | 100.00% | Set-up | |
| WayhangDevelopmentCo.,Ltd. | HongKong | HongKong | Realestate | 100.00% | Set-up | |
| ChiefLinkPropertiesCo.,Ltd. | HongKong | HongKong | Realestate | 70.00% | Set-up | |
| SyndisInvestmentCo.,Ltd. | HongKong | HongKong | Realestate | 70.00% | Businesscombinationnotunderthesamecontrol | |
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | Yangzhou | Yangzhou | Realestate | 51.00% | Set-up | |
| ShandongInternationalTradeCenterHotelManagementCo.,Ltd. | Jinan | Jinan | Realestate | 100.00% | Set-up | |
| ShenzhenShenshanSpecialCooperationZoneGuomaoPropertyDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 65.00% | Set-up | |
| ShenzhenGuomaoTonglePropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 51.00% | Set-up | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 69.00% | Businesscombinationnotunderthesamecontrol | |
| ShenzhenITCTechnologyParkServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenJulianHumanResourcesDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenHuazhengpengPropertyManagementDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| SZPRDUrbanRenewalCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenPenghongyuanIndustrialDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Accommodationandcatering | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenJinhailianPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenSocialWelfareCo.,Ltd. | Shenzhen | Shenzhen | Sanitationandsocialwork | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFuyuanminPropertyManagementLimitedLiabilityCompany | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenMeilongIndustrialDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenGuomao | Shenzhen | Shenzhe | Publicfacilities | 90.00% | Business |
ShenlvGardenCo.,Ltd.
| ShenlvGardenCo.,Ltd. | n | managementservices | combinationunderthesamecontrol | |||
| ShenzhenJiayuanPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 54.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenHelinhuaConstructionManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenZhongtongdaHouseXiushanServiceCo.,Ltd. | Shenzhen | Shenzhen | Constructionindustry | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenKangpingIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Retailtrade | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenSportsServiceCo.,Ltd. | Shenzhen | Shenzhen | Manufacturingindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenTeacher’sHomeTrainingCo.,Ltd. | Shenzhen | Shenzhen | Retailtrade | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenEducationIndustrialCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenYufaIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Retailtrade | 80.95% | Businesscombinationunderthesamecontrol | |
| SZPRDFuyuantaiDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| XiamenShenguomaoIndustrialCitySmartServiceCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 51.00% | Set-up | |
| VietnamShenguomaoPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Set-up | |
| ShenzhenSZPRDYanzihuDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| DongguanWuheRealEstateCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenwuElevatorCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenfangPropertyCleaningCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesame |
control
| control | ||||||
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFubaoUrbanResourcesManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 60.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenWuheUrbanRenewalCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| YangzhouWuheRealEstateCo.,Ltd. | Yangzhou | Yangzhou | Realestate | 67.00% | Set-up | |
| ShenzhenTongluWuheInvestmentDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenInternationalTradeIndustrySpaceServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 55.00% | Set-up |
Notestoholdingproportioninsubsidiarydifferentfromvotingproportion:
InMay2021,ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd.(hereinafterreferredtoas"WuheCompany"),asubsidiaryoftheCompany,acquired35%oftheequityofShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.(hereinafterreferredtoas"FMC")throughacquisitionofequityanddirectionalcapitalincrease.Meanwhile,accordingtotheagreementofthecooperationframeworkonequityacquisitionsignedbyWuheCompanyandtheoriginalshareholders,16%ofthevotingrightsthattheoriginalshareholdersholdoractuallycontrolintheequityofFMCshallbeunconditionallygrantedtoWuheCompanytoexerciseafterthetransactiondate.Therearenoprerequisitesforthegrantingofvotingrights,andthetermofthevotingrightsisnotstipulatedinthecontract.Basisofholdinghalforlessvotingrightsbutstillcontrollingtheinvesteeandholdingmorethanhalfofthevotingrightsbutnotcontrollingtheinvestee:
Significantstructuralentitiesandcontrollingbasisinthescopeofcombination:
BasisofdeterminingwhethertheCompanyistheagentortheprincipal:
Othernotes:
(2)SignificantNon-wholly-ownedSubsidiary
Unit:RMB
| Name | Shareholdingproportionofnon-controllinginterests | Theprofitorlossattributabletothenon-controllinginterests | Declaringdividendsdistributedtonon-controllinginterests | Balanceofnon-controllinginterestsattheperiod-end |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 31.00% | -7,254,199.09 | 0.00 | 17,492,106.42 |
| YangzhouWuheRealEstateCo.,Ltd. | 33.00% | -156,134.66 | 0.00 | -156,134.66 |
Holdingproportionofnon-controllinginterestsinsubsidiarydifferentfromvotingproportion:
Othernotes:
(3)TheMainFinancialInformationofSignificantNotWholly-ownedSubsidiary
Unit:RMB
Name
| Name | Endingbalance | Beginningbalance | ||||||||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 4,935,109,375.63 | 144,214,537.03 | 5,079,323,912.66 | 1,942,537,430.11 | 3,000,879,176.39 | 4,943,416,606.50 | 4,650,977,976.49 | 137,576,247.00 | 4,788,554,223.49 | 1,730,779,983.83 | 3,001,348,089.90 | 4,732,128,073.73 |
| YangzhouWuheRealEstateCo.,Ltd. | 860,920,253.31 | 0.00 | 860,920,253.31 | 861,393,388.64 | 0.00 | 861,393,388.64 | ||||||
Unit:RMB
| Name | Amountofthecurrentperiod | Amountofthepreviousperiod | ||||||
| Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 0.00 | -23,400,642.21 | -23,400,642.21 | -33,317,053.14 | -28,597,092.72 | -28,597,092.72 | -128,433,288.91 | |
| YangzhouWuheRealEstateCo.,Ltd. | 0.00 | -473,135.33 | -473,135.33 | 97,048.38 | ||||
Othernotes:
(4)SignificantRestrictionsonUsingtheAssetsandLiquidatingtheLiabilitiesoftheCompany
(5)FinancialSupportorOtherSupportsProvidedtoStructuralEntitiesIncorporatedintotheScopeofConsolidatedFinancialStatementsOthernotes:
2.TheTransactionoftheCompanywithItsOwner’sEquityShareChangedbutStillControllingtheSubsidiary
(1)NotetotheOwner’sEquityShareChangedinSubsidiary
(2)TheTransaction’sInfluenceontheEquityofNon-controllingInterestsandtheOwner'sEquityAttributabletotheCompanyastheParent
Unit:RMB
Purchasecost/disposalconsideration
| Purchasecost/disposalconsideration |
| --Cash |
| --Fairvalueofnon-cashassets |
Totalofpurchasecost/disposalconsideration
| Totalofpurchasecost/disposalconsideration |
| Less:Subsidiarynetassetsproportioncalculatedbyshareproportionobtained/disposal |
| Difference |
| Ofwhich:Adjustmentofcapitalreserves |
| Surplusreservesadjustments |
| Retainedprofitsadjustments |
Othernotes:
3.EquityinJointVenturesorAssociatedEnterprises
(1)SignificantJointVenturesorAssociatedEnterprises
| Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Accountingtreatmentoftheinvestmenttojointventureorassociatedenterprise | |
| Directly | Indirectly | |||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | Shenzhen | Shenzhen | Warehouseservice | 50.00% | Equitymethod | |
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | Shenzhen | Shenzhen | Propertymanagement | 50.00% | Equitymethod | |
Notestoholdingproportionofjointventureorassociatedenterprisedifferentfromvotingproportion:
Basisofholdinglessthan20%ofthevotingrightsbuthasasignificantimpactorholding20%ormorevotingrightsbutdoesnothaveasignificantimpact:
(2)MainFinancialInformationofSignificantJointVentures
Unit:RMB
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod |
ShenzhenJifaWarehouseCo.,Ltd.
| ShenzhenJifaWarehouseCo.,Ltd. | ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | ShenzhenJifaWarehouseCo.,Ltd. | ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | |
| Currentassets | 4,060,875.27 | 57,800,177.33 | 9,519,579.27 | 57,331,775.19 |
| Ofwhich:cashandcashequivalents | 2,813,000.49 | 36,792,663.30 | 9,519,579.27 | 36,510,372.60 |
| Non-currentassets | 86,923,140.50 | 50,286.77 | 80,513,120.44 | 64,052.07 |
| Totalassets | 90,984,015.77 | 57,850,464.10 | 90,032,699.71 | 57,395,827.26 |
| Currentliabilities | 2,381,137.83 | 27,670,957.73 | 2,999,369.48 | 27,437,899.29 |
| Non-currentliabilities | 0.00 | 16,341,952.82 | 16,269,895.46 | |
| Totalliabilities | 2,381,137.83 | 44,012,910.55 | 2,999,369.48 | 43,707,794.75 |
| Equityofnon-controllinginterests | ||||
| EquityattributableToshareholdersoftheCompanyastheparent | 88,602,877.94 | 13,837,553.55 | 87,033,330.23 | 13,688,032.51 |
| Portionofnetassetscalculatedaccordingtoproportionofshareholdings | 44,301,438.97 | 6,918,776.78 | 43,516,665.12 | 6,844,016.26 |
| Adjusted | ||||
| -Goodwill | ||||
| -Unrealizedprofitsofinternaltransactions | ||||
| -Others | ||||
| Carryingvalueofequityinvestmenttojointventures | 44,301,438.97 | 6,918,776.78 | 43,516,665.12 | 6,844,016.26 |
| Fairvalueofequityinvestmentsofjointventureswithpublicoffer | ||||
| Operatingrevenue | 4,516,455.33 | 8,483,323.41 | 11,266,137.60 | 8,738,744.08 |
| Financeexpense | -5,293.01 | 41,255.86 | -268,242.57 | -23,928.26 |
| Incometaxexpense | 523,182.56 | 54,163.40 | 2,093,155.45 | 53,570.28 |
| Netprofit | 1,569,547.71 | 149,521.04 | 6,279,466.34 | 160,430.60 |
| Netprofitfromdiscontinuedoperations | ||||
| Othercomprehensiveincome | ||||
| Totalcomprehensiveincome | 1,569,547.71 | 149,521.04 | 6,279,466.34 | 160,430.60 |
DividendsreceivedfromjointventuresintheReportingPeriod
Othernotes:
(3)TheMainFinancialInformationofSignificantAssociatedEnterprises
Unit:RMB
Endingbalance/ReportingPeriod
| Endingbalance/ReportingPeriod | Beginningbalance/Thesameperiodoflastyear |
Currentassets
| Currentassets |
| Non-currentassets |
| Totalassets |
| Currentliabilities |
| Non-currentliabilities |
| Totalliabilities |
Equityofnon-controllinginterests
| Equityofnon-controllinginterests |
| EquityattributableToshareholdersoftheCompanyastheparent |
| Portionofnetassetscalculatedaccordingtoproportionofshareholdings |
| Adjusted |
| -Goodwill |
| -Unrealizedprofitsofinternaltransactions |
| -Others |
| Carryingvalueofequityinvestmenttoassociatedenterprises |
| Fairvalueofequityinvestmentsofassociatedenterpriseswithpublicoffer |
| Operatingrevenue |
| Netprofit |
| Netprofitfromdiscontinuedoperations |
| Othercomprehensiveincome |
| Totalcomprehensiveincome |
DividendsreceivedfromassociatedenterprisesintheReportingPeriod
Othernotes:
(4)SummaryFinancialInformationofInsignificantJointVenturesorAssociatedEnterprises
Unit:RMB
DividendsreceivedfromassociatedenterprisesintheReportingPeriodClosingbalance/amountofthecurrent
period
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | |
| Jointventure: | ||
| Sumcalculatedbyshareholdingratioofeachitem | ||
| Associatedenterprises: | ||
| Sumcalculatedbyshareholdingratioofeachitem |
Othernotes:
(5)NotetotheSignificantRestrictionsontheAbilityofJointVenturesorAssociatedEnterprisestoTransferFundstotheCompany
(6)TheExcessLossofJointVenturesorAssociatedEnterprises
Unit:RMB
Name
| Name | Thecumulativerecognizedlossesinpreviousaccumulativelyderecognized | Thederecognizedlosses(ortheshareofnetprofit)inReportingPeriod | TheaccumulativeunrecognizedlossesinReportingPeriod |
Othernotes:
(7)TheUnrecognizedCommitmentRelatedtoInvestmenttoJointVentures
(8)ContingentLiabilitiesRelatedtoInvestmenttoJointVenturesorAssociatedEnterprises
4.SignificantCommonOperation
| Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Proportion/Shareportion | |
| Directly | Indirectly | ||||
Notestoholdingproportionorshareportionincommonoperationdifferentfromvotingproportion:
Forcommonoperationasasingleentity,basisofclassifyingascommonoperationOthernotes:
5.EquityintheStructuredEntityExcludedintheScopeofConsolidatedFinancialStatements
Notestothestructuredentityexcludedinthescopeofconsolidatedfinancialstatements:
6.OtherX.RisksAssociatedwithFinancialInstruments
TheCompanyisengagedinriskmanagementtoachievebalancebetweenrisksandreturns,minimizingthenegativeeffectsofrisksonitsoperationperformanceandmaximizingtheinterestsofitsshareholdersandotherequityinvestors.Basedonthatriskmanagementgoal,thefundamentalstrategyofitsriskmanagementistoidentifyandanalyzevariousrisksfacingtheCompany,establishanappropriateriskbottomline,carryoutriskmanagementandmonitorvariousrisksinatimelyandreliablemannertocontrolthemwithinarestrictedscope.TheCompanyfacesvariousrisksrelatedtofinancialinstrumentsinitsroutineactivities,mainlyincludingcreditrisk,liquidityriskmarketrisk.Themanagementhasreviewedandapprovedthepoliciesofmanagingthoserisks,whicharesummarizedasfollows.i.CreditriskCreditriskmeanstheriskoffinanciallossesincurredtotheotherpartywhenonepartyofafinancialinstrumentisunabletofulfillitsobligations.
1.CreditRiskManagementPractice
(1)CreditRiskEvaluationMethodOneachbalancesheetdate,theCompanyshallevaluatewhetherthecreditriskofrelevantfinancialinstrumentshasincreasedsignificantlysincetheinitialrecognition.Afterdeterminingwhetherthecreditriskhasincreasedsignificantlysincetheinitial
recognition,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.RefertoNoteVI-1,VI-2,VI-9fordetailsofthereconciliationstatementsofbeginningbalanceandendingbalanceoffinancialinstrumentlossprovision.
4.CreditRiskExposureandCreditRiskConcentrationTheCompany’screditriskmainlycomesfrommonetaryassetsandaccountsreceivable.Tocontroltheaforementionedrelevantrisks,theCompanyhasadoptedthefollowingmeasures.
(1)MonetaryassetsTheCompanyplacesitsmonetaryassetswithfinancialinstitutionsofhighcreditratings.Thus,itscreditriskislow.
(2)AccountsreceivableTheCompanyconductscreditassessmentsonthecustomerstradinginthemodeofcreditonaregularbasis.Basedonthecreditassessmentresult,theCompanychoosestotradewithrecognizedcustomerswithgoodcreditandmonitorthebalanceoftheaccountsreceivablefromthemtoensurethattheCompanywillnotfaceanysignificantbaddebtrisk.
DuetotheCompanymerelytradeswiththeauthorizedthirdpartywithgoodcredit,theguaranteeisnotrequired.Creditriskconcentrationismanagedinaccordancewiththecustomers.Asat30June2022,therewerecertaincreditconcentrationrisksintheCompany,and48.95%oftheaccountsreceivableoftheCompany(57.71%on31December2021)camefromthetop5customersbybalance.TheCompanyhasn’theldanyguaranteeorothercreditenhancementforbalanceofaccountsreceivable.ThemaximumcreditriskexposuretheCompanyundertookshallbethecarryingvalueofeachfinancialassetonbalancesheet.ii.LiquidityriskLiquidityriskreferstotheriskoffundshortageoccurringwhentheCompanyfulfillsthesettlementobligationinthemodeofcashdeliveryorotherfinancialassets.Liquidityriskmayoriginatefromthefailuretosellfinancialassetsatfairvalueassoonaspossible;orfromtheotherparty’sfailuretopayoffitscontractualdebts;orfromtheearliermaturityofdebts;orfromthefailuretogeneratetheexpectedcashflow.Tocontroltherisk,theCompanycomprehensivelyadoptsbankloansasfinancingapproach,appropriatelycombineslong-termandshort-termfinancingmodesandoptimizesthefinancingstructuretomaintainthebalancebetweenfinancingsustainabilityandflexibility.TheCompanyhasobtainedthelineofcreditfromanumberofcommercialbankstosatisfyitsoperationfundneedsandcapitalexpenditure.Financialliabilitiesclassifiedbyremainingmaturity
Item
| Item | Endingbalance | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1-3years | Over3years | |
| Bankingborrowings | 3,779,015,668.00 | 4,281,391,684.07 | 263,567,311.21 | 3,846,019,192.43 | 171,805,180.43 |
| Accountspayable | 299,749,726.45 | 299,749,726.45 | 299,749,726.45 | ||
| Otherpayables | 1,834,012,894.06 | 1,834,012,894.06 | 1,821,810,218.02 | 12,202,676.04 | |
| Currentportionofothernon-currentliabilities | 90,188,631.18 | 90,188,631.18 | 90,188,631.18 | ||
| Total | 6,002,966,919.69 | 6,505,342,935.76 | 2,475,315,886.86 | 3,846,019,192.43 | 184,007,856.47 |
(Continued)
| Item | Beginningbalance | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1-3years | Over3years | |
| Bankingborrowings | 3,524,500,000.00 | 4,061,471,066.60 | 181,841,910.20 | 3,473,322,700.29 | 406,306,456.11 |
| Accountspayable | 351,831,212.23 | 351,831,212.23 | 351,831,212.23 | ||
| Otherpayables | 1,027,613,690.94 | 1,027,613,690.94 | 1,015,411,014.90 | 12,202,676.04 | |
| Currentportionofothernon-currentliabilities | 83,924,701.83 | 83,924,701.83 | 83,924,701.83 | ||
| Total | 4,987,869,605.00 | 5,524,840,671.60 | 1,633,008,839.16 | 3,473,322,700.29 | 418,509,132.15 |
iii.MarketriskMarketriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketprices.Marketriskmainlyincludesinterestrateriskandforeignexchangerisk.
1.InterestrateriskInterestrateriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketinterestrates.Interest-bearingfinancialinstrumentswithfixedinterestratesmaybringthefairvalueinterestraterisktotheCompany,whilethosewithfloatinginterestratemaybringthecashflowinterestraterisktotheCompany.TheCompanywilldeterminetheproportionbetweenthefinancialinstrumentswithfixedinterestrateandthosewithfloatinginterestrateincombinationwithmarketenvironment,andmaintainanappropriateportfoliooffinancialinstrumentsthroughregularreviewand
monitoring.TheinterestrateriskofcashflowsfacingtheCompanyismainlyrelatedtothebankloanscalculatedbyfloatinginterestrateoftheCompany.Asat30June2022,undertheassumptionofotherfixedvariableswith50basispointschangedininterestrate,thebankloanofRMB3,843,732,330.00(RMB3,587,800,000.00on31December2021)calculatedatfloatingratewouldnotresultinsignificantinfluenceontotalprofitandshareholders’equityoftheCompany.
2.ForeignexchangeriskForeignexchangeriskreferstotheriskthatmayleadtothechangesoffairvalueoffinancialinstrumentsorfuturecashflowsduetofluctuationinexchangerate.TheriskofchangesofexchangeratefacingtheCompanyismainlyrelatedtoforeigncurrencymonetaryassetsandliabilitiesoftheCompany.TheCompanyoperatesinmainlandChina,andthemainactivitiesarerecordedbyRMB.Thus,theforeignexchangemarketriskundertakenisinsignificantfortheCompany.XI.DisclosureofFairValue
1.EndingFairValueofAssetsandLiabilitiesatFairValue
Unit:RMB
Item
| Item | Endingfairvalue | |||
| Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
| I.Consistentfairvaluemeasurement | -- | -- | -- | -- |
| (III)Otherequityinstrumentinvestment | 914,972.72 | 914,972.72 | ||
| II.Inconsistentfairvaluemeasurement | -- | -- | -- | -- |
2.Basisfordeterminingthemarketpriceofcontinuousandnon-continuousLevel1fairvaluemeasurementitemsOtherequityinstrumentsheldbytheCompanybelongtostocksoflistedcompany,ofwhichtheclosingpriceofstockexchangeon30June2022shallberegardedasthefairvalue.
3.Continuousandnon-continuousLevel2fairvaluemeasurementitems,valuationtechniquesused,andthequalitativeandquantitativeinformationofimportantparameters
4.Continuousandnon-continuousLevel3fairvaluemeasurementitems,valuationtechniquesused,andthequalitativeandquantitativeinformationofimportantparameters
5.Continuousandnon-continuousLevel3fairvaluemeasurementitems,informationontheadjustmentbetweentheopeningandclosingcarryingvalue,andsensitivityanalysisofunobservableparameters
6.ExplaintheReasonforConversionandtheGoverningPolicywhentheConversionHappensifConversionHappensamongConsistentFairValueMeasurementItemsatDifferentLevels
7.ChangesintheValuationTechniqueintheCurrentPeriodandtheReasonforSuchChanges
8.Thefairvalueoffinancialassetsandfinancialliabilitiesnotmeasuredatfairvalue
9.Others
XII.RelatedPartyandRelated-partyTransactions
1.InformationRelatedtotheCompanyastheParentoftheCompany
Name
| Name | Registrationplace | Natureofbusiness | Registeredcapital | ProportionofshareheldbytheCompanyastheparentagainsttheCompany(%) | ProportionofvotingrightsownedbytheCompanyastheparentagainsttheCompany(%) |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Shenzhen | Limitedliabilitycompany(solely-ownedbythestate) | RMB28,009million | 56.96% | 56.96% |
Notes:informationontheCompanyastheparent
(1)TheparentcompanyoftheCompanyisShenzhenInvestmentHoldingsCo.,Ltd.(hereinafterreferredtoas"SIHC"),anewly-establishedandorganizedstate-ownedcapitalinvestmentcompanybasedontheoriginalthreestate-ownedassetsmanagementcompaniesinOctober2004,anditsmainfunctionistomanagethepartialmunicipalstate-ownedcompaniesaccordingtotheauthorizationofMunicipalSASAC.Asagovernmentdepartment,ShenzhenState-ownedAssetsSupervisionandAdministrationBureaumanagesShenzhenInvestmentHoldingsCo.,Ltd.onbehalfofPeople’sGovernmentofShenzhenMunicipality.
(2)In2021,SIHC,thecontrollingshareholderoftheCompany,transferred38,037,890commonsharesoftheCompanyinunlimitedcirculation(representing6.382%ofthetotalsharecapitaloftheCompany)heldbySIHCtoShenzhenState-ownedEquityManagementCo.,Ltd.forfreetoreplenishthesocialsecurityfunds.ShenzhenState-ownedEquityManagementCo.,Ltd.isanewly-establishedwholly-ownedsubsidiaryofSIHCtomanagethetransferredstate-ownedequityinaspecialaccount.Aftertheregistrationofthefreetransfer,SIHCheld301,414,637sharesoftheCompany,accountingfor50.575%ofthetotalsharecapitaloftheCompany,andShenzhenState-ownedEquityManagementCo.,Ltd.held38,037,890sharesoftheCompany,accountingfor6.382%ofthetotalsharecapitaloftheCompany.ThefinalcontrolleroftheCompanyisShenzhenState-ownedAssetsSupervisionandAdministrationCommitteeofShenzhenGovernment.Othernotes:
2.SubsidiariesoftheCompanyRefertoNoteIX-1.
3.InformationontheJointVenturesandAssociatedEnterprisesoftheCompany
RefertoNoteIX-3.Informationonotherjointventureorassociatedenterpriseofoccurringrelated-partytransactionswiththeCompanyinReportingPeriod,orformingbalanceduetorelated-partytransactionsmadeinpreviousperiod:
Name
| Name | RelationshipwiththeCompany |
Othernotes:
4.InformationonOtherRelatedParties
| Name | RelationshipwiththeCompany |
| ShenzhenXinhaiHoldingCo.,Ltd. | TheCompanyastheparentofXinhaiRongyaoofsubsidiaryRongyaoRealEstatebynon-controllinginterests |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | SubsidiaryRongyaoRealEstatebynon-controllinginterests |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenInfinovaLimited | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenShenfubao(Group)Co.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| BusinessApartmentofShenzhenShenfubao(Group)Co.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopmentCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBranchofGUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | Parentcompany’sgrandsoncompany |
ShenzhenCGCSmallLoanCo.,Ltd.
| ShenzhenCGCSmallLoanCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ShenzhenGuaranteeGroupCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | SubsidiaryoftheCompanyastheparentoftheCompany |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenFreeTradeZoneLifeServiceCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenyueUnitedInvestmentCo.,Ltd. | Wholly-ownedparentcompany’sgrandsoncompany |
| ShenzhenTianjunIndustrialCo.,Ltd. | Parentcompany’sgrandsoncompany |
Othernotes:
5.ListofRelated-partyTransactions
(1)InformationonAcquisitionofGoodsandReceptionofLaborServiceInformationonacquisitionofgoodsandreceptionoflaborservice
Unit:RMB
| Relatedparty | Content | Amountofthecurrentperiod | Theapprovaltradecredit | Whetherexceedtradecreditornot | Amountofthepreviousperiod |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Managementservicefee | 43,219,580.55 | 81,000,000.00 | No | 36,898,826.16 |
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | Projectarchitecturaldesignplan | 2,951,039.53 | |||
| ShenzhenInfinovaLimited | Intelligentengineeringexpense | 611,563.48 | |||
| GUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | Insurance | 909,945.52 | 2,178,700.00 | No | 112,834.59 |
| ShenzhenShendanZengxinFinancingGuaranteeCo.,Ltd. | Guaranteefee | 1,061,950.00 | |||
| ShenzhenCreditGuaranteeGroupCo.,Ltd. | Guaranteefee | 13,656.60 | |||
| BusinessApartmentofShenzhenShenfubao(Group)Co.,Ltd. | Servicefee | 26,911.00 |
Informationofsalesofgoodsandprovisionoflaborservice
Unit:RMB
| Relatedparty | Content | Amountofthecurrentperiod | Amountofthepreviousperiod |
HebeiShenbaoInvestmentDevelopmentCo.,Ltd.
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 4,607,506.85 | 2,805,356.45 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Waterandelectricityprojectfund | 6,583,247.61 | |
| ShenyueUnitedInvestmentCo.,Ltd. | Propertyservicefee | 241,740.58 | 3,126,797.59 |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Propertyservicefee | 875,587.86 | 741,984.34 |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | Propertyservicefee | 1,884,845.11 | |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | Propertyservicefee | 1,530,379.26 | |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | Propertyservicefee | 516,023.58 | |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Propertyservicefee | 36,227.22 | |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Waterandelectricityprojectfund | 1,359,633.03 | |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Propertyservicefee | 41,148.39 | |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Waterandelectricityprojectfund | 87,654.97 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | Propertyservicefee | 2,957,378.73 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | Waterandelectricityprojectfund | 1,064,220.19 | |
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 3,529,946.35 | 2,730,655.98 |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 38,550.76 | |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Waterandelectricityprojectfund | 53,761.47 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Propertyservicefee | 7,169,148.87 | |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | Propertyservicefee | 14,100,000.00 | |
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | Propertyservicefee | 163,100.40 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Propertyservicefee | 19,066,931.69 | 28,502,992.03 |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | Propertyservicefee | 1,323,523.65 | 986,445.32 |
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | Propertyservicefee | 1,211,630.16 | |
| ShenzhenInfinovaLimited | Propertyservicefee | 117,241.67 | |
| GuosenSecuritiesCo.,Ltd. | Propertyservicefee | 0.00 | 766,960.89 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties | Propertyservicefee | 1,326,301.15 | 4,269,035.25 |
(Group)Co.,Ltd.
Notesonacquisitionofgoodsandprovision/receptionoflaborservice
(2)InformationonRelated-partyTrusteeship/Contract
Listsoftrusteeship/contract:
Unit:RMB
(Group)Co.,Ltd.
Nameoftheentruster/contractee
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | IncomerecognizedinthisReportingPeriod |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | ShenZhenProperties&ResourcesDevelopment(Group)Ltd. | InvestmentProperties | 6November2019 | 5November2025 | Marketpricing | 28,011,961.98 |
Notes:
Listsofentrust/contractee
Unit:RMB
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | ChargerecognizedinthisReportingPeriod |
Notes:
(3)InformationonRelated-partyLeaseTheCompanywaslessor:
Unit:RMB
| Nameoflessee | Categoryofleasedassets | TheleaseincomeconfirmedintheReportingPeriod | Theleaseincomeconfirmedinthesameperiodoflastyear |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | InvestmentProperties | 693,203.39 | 0.00 |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | InvestmentProperties | 957,280.87 | 0.00 |
TheCompanywaslessee:
Unit:RMB
| Nameoflessor | Typeofassetsleased | Rentalexpensesofshort-termleasesimplifiedtreatedandlow-valueassetlease(ifapplicable) | Variableleasepaymentsnotincludedinthemeasurementofleaseliabilities(ifapplicable) | Paidrent | Incomeexpenseofleaseliabilitiesundertaken | Increasedright-of-useassets | |||||
| ReportingPeriod | Thesameperiodoflastyear | ReportingPeriod | Thesameperiodoflastyear | ReportingPeriod | Thesameperiodoflastyear | ReportingPeriod | Thesameperiodoflastyear | ReportingPeriod | Thesameperiodoflastyear | ||
| ShenzhenShento | InvestmentProperti | 132,734.00 | 139,671.30 | 57,353.26 | 47,617.16 | 1,801,300.23 | |||||
uPropertyDevelopmentCo.,Ltd.
| uPropertyDevelopmentCo.,Ltd. | es | |||||||
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | InvestmentProperties | 54,243.00 | 0.00 | 4,765.04 | 1,011.89 | 295,875.35 |
Notes:
(4)InformationonRelated-partyGuaranteeTheCompanywasguarantor:
Unit:RMB
| Securedparty | Amountofguarantee | Startdate | Enddate | Executionaccomplishedornot |
TheCompanywassecuredparty
Unit:RMB
| Guarantor: | Amountofguarantee | Startdate | Enddate | Executionaccomplishedornot |
Notes:
(5)InformationonInter-bankLendingofCapitalofRelatedParties
Unit:RMB
| Relatedparty | Amount | Startdate | Maturitydate | Note |
| Borrowing | ||||
| Lending | ||||
(6)InformationonAssetsTransferandDebtRestructuringbyRelatedParty
Unit:RMB
| Relatedparty | Content | Amountofthecurrentperiod | Amountofthepreviousperiod |
(7)InformationonRemunerationforKeyManagementPersonnel
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Remunerationforkeymanagementpersonnel | 5,059,171.07 | 5,087,564.50 |
(8)OtherRelated-partyTransactions
6.AccountsReceivableandPayableofRelatedParty
(1)AccountsReceivable
Unit:RMB
Project
| Project | Relatedparty | Endingbalance | Beginningbalance | ||
| Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | ||
| AccountsReceivable | ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 86,462,569.52 | 2,529,166.58 | 112,281,758.95 | 3,368,452.77 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 3,059,281.37 | 91,778.44 | 2,221,584.63 | 66,647.54 | |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 2,220,270.98 | 81,367.65 | 2,038,315.65 | 75,908.99 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 47,832,951.11 | 1,422,392.91 | 494,774.12 | 20,087.62 | |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 3,618,388.27 | 108,551.65 | |||
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | 28,814.40 | 846.43 | 28,814.40 | 864.43 | |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 90,000.00 | 2,700.00 | |||
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | 1,281,690.86 | 38,021.73 | 1,170,565.00 | 48,987.95 | |
| ShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | 101,072.00 | 3,032.16 | |||
| ShenzhenTotalLogisticsServiceCo.,Ltd. | 800,539.46 | 24,016.18 | 395,202.42 | 11,856.07 | |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | 52,000.00 | 41,600.00 | 52,000.00 | ||
| ShenzhenShenfubao(Group)TianjinIndustrial | 38,331.15 | 1,149.93 | 38,331.15 | ||
DevelopmentCo.,Ltd.
| DevelopmentCo.,Ltd. | |||||
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | 8,450,758.68 | 253,522.76 | 4,700,758.68 | ||
| ShenzhenShenfubao(Group)Co.,Ltd. | 2,696,163.04 | 58,852.89 | 2,458,264.34 | ||
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | 14,946,000.00 | 448,380.00 | |||
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 230,167.20 | 6,905.02 | |||
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 166,672.80 | 5,000.18 | |||
| Total | 168,266,210.57 | 5,003,000.70 | 129,689,829.61 | 3,707,089.18 | |
| Prepayments | ShenzhenShenfubao(Group)Co.,Ltd. | 42,726,200.00 | |||
| Total | 42,726,200.00 | ||||
| OtherReceivables | ShenzhenXinhaiHoldingCo.,Ltd. | 401,499,990.18 | 6,044,999.71 | 401,499,990.18 | 6,044,999.71 |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | 355,026,166.83 | 10,650,785.01 | 355,026,166.83 | 10,650,785.01 | |
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 1,747,264.25 | 1,747,264.25 | 1,747,264.25 | 1,747,264.25 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 11,809,060.35 | 419,496.75 | 11,809,060.35 | 419,496.75 | |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | 10,720,575.27 | 321,617.26 | 8,430,575.27 | 252,917.26 | |
| ShenzhenTianjunIndustrialCo.,Ltd. | 10,000,000.00 | 10,000,000.00 | |||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 685,740.90 | 94,936.15 | 109,148.44 | 46,829.92 | |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 20,420.00 | 612.60 | 20,420.00 | 612.60 | |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 81,233.00 | 81,233.00 | 81,233.00 | 81,233.00 | |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group) | 20,722,314.85 | 20,722,314.85 |
Co.,Ltd.
| Co.,Ltd. | |||||
| ShenzhenShenfubao(Group)Co.,Ltd. | 8,345,544.85 | 75,477.88 | 33,568,863.10 | ||
| ChinaShenzhenForeignTrade(Group)Co.,Ltd. | 1,609,160.24 | 1,410,306.11 | |||
| Total | 822,267,470.72 | 19,436,422.61 | 844,425,342.38 | 19,244,138.50 |
(2)AccountsPayable
Unit:RMB
| Project | Relatedparty | Closingbookbalance | Beginningcarryingamount |
| Accountspayable | ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 715,243.51 | 887,042.50 |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 202,720.85 | 252,198.81 | |
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | 1,138,999.82 | ||
| Total | 917,964.36 | 2,278,241.13 | |
| Otherpayables | ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 6,118,414.61 | 10,874,467.40 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 111,815,469.83 | 90,354,189.38 | |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 360,752.18 | 360,752.18 | |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 42,296,665.14 | 38,796,665.14 | |
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | 5,214,345.90 | 5,214,345.90 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 769,277.91 | ||
| ShenzhenInfinovaLimited | 144,219.02 | 144,219.02 | |
| GuosenSecuritiesCo.,Ltd. | 228,813.86 | ||
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 535,734.00 | 535,734.00 | |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 654,786.00 | 654,786.00 | |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | 19,667,670.00 | ||
| ShenzhenFreeTradeZoneLifeServiceCo.,Ltd. | 4,850.00 | 4,850.00 | |
| ShenZhenFuBaoIndustrialParkOperationCo.,Ltd. | 248,682.00 | 192,080.00 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | 689,058.24 | 146,410.00 | |
| Total | 187,750,646.92 | 148,276,590.79 |
7.CommitmentsofRelatedParty
8.OtherXIII.StockPayment
1.Theoverallsituationofshare-basedpayments
□Applicable?Notapplicable
2.Equity-settledshare-basedpayments
□Applicable?Notapplicable
3.Cash-settledshare-basedpayments
□Applicable?Notapplicable
4.Modificationandterminationofshare-basedpayments
5.OthersXIV.CommitmentsandContingency
1.SignificantCommitmentsSignificantcommitmentsonbalancesheetdate
Item
| Item | Reportingperiod | Sameperiodoflastyear |
| Largeamountcontractsignedbuthasn’tbeenrecognizedinfinancialstatements | 1,034,954,205.35 | 204,632,733.45 |
2.Contingency
(1)SignificantContingencyonBalanceSheetDate
①TheactionabouttransferringJiabinBuildingcontentiousmatterIn1993,theCompanysignedRightofDevelopmentTransferContractofJiabinBuildingwithShenzhenJiyongPropertyDevelopmentCo.,Ltd.(hereinafterreferredtoas“JiyongCompany”).Sincethecontractwasnoteffectivelyexecuted,theCompanysubsequentlyfiledaseriesoflawsuitsagainstthepartiesinvolvedintheproject,buttheoutcomewasnotfavorabletotheCompany.Therefore,theCompanycalculatedandwithdrewbad-debtprovisionsforaccountsreceivablefromJiyongCompanyinfullinpastyearsforthetransferofJiabinBuilding.On31October2018,ShenzhenIntermediatePeople’sCourtmadeacivilawardandruledthattheCompany’sapplicationforthebankruptcyofJiyongCompanywouldnotbeaccepted.TheCompanyappealedagainsttheruling.On29April2019,theGuangdongProvincialHigherPeople'sCourtruledtorejecttheCompany'sappealandmaintaintheoriginalruling.Asoftheissuancedateofthereport,thereisnonewprogressinthecase.
②Thecontentiousmattersinvolvedwithallrenovations,decorations,equipmentandfacilitiesinthefloors5-8ofHaiwaiLianyi
BuildingIn2008,ShenzhenHailianGuestHouse,asubsidiaryoftheCompany,signedtheInternalContractofHailianGuestHouse,HouseLeasingContractwithCaiBaolin,obtainedtheuserightoftheroomsonthefloors5-8ofHaiwaiLianyiBuildingaccordinglyandfurtherestablishedShenzhenHailianHotelCo.,Ltd.forbusinessoperationoftherooms.Fortheabove-mentionedcontractswereterminated,CaiBaolinbroughtacivillawsuitagainstShenzhenHailianGuestHouse,ShenzhenJinhailianPropertyManagementCo.,Ltd.(“Jinhailian”)onalloftherenovation,decoration,equipmentandfacilitiesmadeandinstalledintherooms.ThePeople’sCourtatLuohuDistrict,ShenzhenCityissuedtheciviljudgment(2019)Yue0303MinChu4458on26December2019andorderedJinhailiantoaccepttherenovation,decoration,equipmentandfacilitiesremainingonthefloors5-8ofHaiwaiLianyiBuildingbytheplaintiffCaiBaolinwithintendaysafterthejudgmentbecameeffective,andJinhailianshouldpaytheresidualvalueRMB2,396,947.00andCaiBaolinhadnorighttotheaboveassets.Intheexecutionstage,thecourtheldthatthebothpartieswereobligatedtopayeachotherand,upondeductionoftheobjectsofthetwocases,JinhailianwouldstillneedtopayCaiBaolinRMB393,672.31togetherwithexecutionfeesamountingtoRMB16,890.③ThearbitrationcaseofpropertycontractdisputeofSoftwareParkPhaseIbetweentheFourthOwners'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(temporarilycalculatedfrom1July2012to31January2021),totalingRMB13,166,343.81;respondent1shallbeartheattorney'sfeeofRMB30,000.00;respondent2shallreturnRMB31,077,017.59andRMB635,929.44offundoccupationfee(temporarilycalculatedfrom1July2020to31January2021),totalingRMB30,000.00;respondent2shallbeartheattorney'sfeeofRMB30,000.00.ThetotalamountoftheaboveisRMB45,209,290.84.Thefirstsessionofthearbitrationhasbeenconcluded,andthepartiestothearbitrationhavedisputedthenumberofamountsinvolvedandhaveappliedforanauditbyathird-partyauditor.Theaudithasnowbeencompletedandfeedbackhasbeensoughtfrombothpartiestothedispute,andthefinalauditreportwillbeissuedshortly.AsattheissuancedateoftheReport,theauditorshavenotissuedtheformalreport.④ThecontentiousmattersconcerningthedisputebetweenShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.(plaintiff)andShenzhenHerunxiangTradeCo.,Ltd.(defendant)overthecompensationcontractofpropertydemolitionandrelocationOn31December2019,fortheimplementationoftheurbanrenewalprojectofBanglingAreaonGuanlanStreetinShenzhenLonghuaDistrict,ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.(hereinafterreferredtoas"RongyaoRealEstate")andShenzhenHerunxiangTradeCo.,Ltd.(hereinafterreferredtoas"Herunxiang")signedtheAgreementofRelocationCompensationontheUrbanRenewalProjectofBanglingAreafromGuanlanOfficeofShenzhenLonghuaDistrict.Uptonow,HerunxianghasnotfulfilledtheAgreementandcooperatedwithRongyaoRealEstateinhandlingthecancellationproceduresforthecertificateofrealestateownershipoftherelocatedproperty,whichhasseriouslydamagedthelegitimaterightsandinterestsofRongyaoRealEstate.Therefore,RongyaoRealEstatehasfiledalawsuitwiththecourt,andrequiredHerunxiangtocooperateinhandlingthecancellationproceduresinvolvingtheWanfaFurnitureTownlocatedinGuihuaVillage,GuanlanStreet,LonghuaDistrict,Shenzhen,whichincludesthehousepropertyofthe1and2/FinBuilding1,the1,2and3/FinBuilding2,the1,2,3and4/FinBuilding3,andbearingtherelevanttaxes.ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.hastakenpropertypreservationmeasuresagainstShenzhenHerunxiangTradeCo.,Ltd.
(Note:AccordingtotheAgreementofRelocationCompensationontheUrbanRenewalProjectofBanglingAreafromGuanlanOfficeofShenzhenLonghuaDistrictsignedbyRongyaoRealEstateandHerunxiang,thegrosspriceoftheaforementionedrelocatedpropertiesisRMB200million)⑤ThecaseofexecutionobjectionofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.Inhandlingthecaseofprivateloandispute(involvinganamountofaboutRMB19million)betweentheplaintiffZhouGuohananddefendantsZhangZhulin,ChenSaifengandShenfatArtsCraftsRosewood(Shenzhen)JointStockLimitedCompany(hereinafterreferredtoas"ShenfatRosewood"),theQianhaiCourtissuedtheNoticeofPropertySequestration([2021]Yue0391ZhibaoNo.238-1)on5June2021,inwhichtheShenfatRosewood'slandandplantslocatedinTonggudi,BanglingVillagerGroup,GuihuaVillage,GuanlanStreet,Bao'anDistrict,Shenzhen(i.e.192GuihuaRoad,GuanlanStreet)wouldbesealedupforthreeyearsfromMarch12,2021,togetherwiththerightsandinterestsduringtheresidualusefullifeofthelandandtheownershipofthebuildingsandappurtenancesontheland(theillegalbuildings'codeare508-0405-11220-B,508-0405-11007-B,508-0405-11013-B,508-0405-11008-Band508-0405-11010-Brespectively).OnJuly16,2021(accordingtothecasefilingtime),HerunxiangfiledanexecutionobjectiontotheQianhaiCourtonthepropertysequestration.TheQianhaiCourt,on30September2021,issuedtheApplicationforExecution([2021]Yue0391ZhiyiNo.228),rejectingtheexecutionobjectionofHerunxiang.HerunxiangrefusedtoaccepttherulingandfiledalawsuitoftheexecutionobjectionwiththeQianhaiCourton3November2021(accordingtothecasefilingtime),whichhasbeenacceptedbytheQianhaiCourt.EarlyinSeptember2021,RongyaoRealEstateformallyfiledanobjectionagainstthesequestrationexecutionwiththeQianhaiCourt(thecasewasfiledon13September).TheQianhaiCourtissuedtheApplicationforExecution([2021]Yue0391ZhiyiNo.289)on9December2021,rulingto"suspendtheexecutionofpropertypreservationalreadycarriedoutbytheQianhaiCourt".ZhouGuohanrefusedtoaccepttherulingandfiledalawsuitoftheexecutionobjectionwiththeQianhaiCourton29December2021.Thecasewillbeheardat14:30PMon25April2022.Later,asthecourtfailedtoservedocumentstoZhangZhulinandChenSaifeng,thecourtsessionwasrescheduledfromtheoriginaldateinlateAprilto9:30a.m.on31August.⑥OthersAsarealestatedeveloper,theCompanyprovidesmortgageloanguaranteesandpaysloandepositsforcommercialhousingpurchasersaccordingtotheoperationpracticeoftherealestateindustry.By30June2022,thebalanceofthedepositnotdischargedwithguaranteewasRMB64,997,757.03,whichwouldbedischargedwhenthemortgageloansarepaidoff.
(2)ExplanationshallbegivenevenifthereisnosignificantcontingencyfortheCompanytodiscloseTherewasnosignificantcontingencyintheCompanytodisclose.
3.Others
XV.EventsafterBalanceSheetDate
1.Significantnon-adjustmentmatters
Unit:RMB
Item
| Item | Contents | Influencenumbertothefinancialpositionandoperatingresults | Reasonofinabilitytoestimateinfluencenumber |
2.DistributionofProfit
Unit:RMB
3.SalesReturn
4.NotestoOtherEventsafterBalanceSheetDate
XVI.OtherSignificantEvents
1.TheAccountingErrorsCorrectioninPreviousPeriod
(1)RetrospectiveRestatement
Unit:RMB
Content
| 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 | Profitbeforetaxation | Incometaxexpenses | Netprofit | ProfitfromdiscontinuedoperationsattributabletoownersoftheCompanyastheparent |
Othernotes:
6.SegmentInformation
(1)DeterminationBasisandAccountingPoliciesofReportableSegmentInaccordancewiththeinternalorganizationstructure,managementrequirementsandinternalreportsystem,theCompanyidentifies
thereportablesegmentbasedonthebusinesssegment,andassessestheoperationalperformanceofrealestatesales,propertymanagementandcateringservice.Theassetsandliabilitiessharingwithothersegmentsshallbeproportionallydistributedamongsegmentsbyscales.
(2)TheFinancialInformationofReportableSegment
Unit:RMB
Item
| Item | Realestate | Propertymanagement | Leasingbusiness | Offsetamongsegment | Total |
| Revenue | 1,156,147,570.46 | 778,342,112.81 | 53,810,156.97 | 1,988,299,840.24 | |
| Operatingcost | 334,703,848.75 | 674,642,686.47 | 59,306,048.10 | 1,068,652,583.32 | |
| Totalassets | 12,697,711,749.98 | 1,609,237,951.57 | 859,361,089.26 | 15,166,310,790.81 | |
| Totalliabilities | 9,398,253,414.85 | 1,299,419,757.57 | 292,091,111.61 | 10,989,764,284.03 |
(3)IfThereWasNoReportableSegment,ortheTotalAmountofAssetsandLiabilitiesofEachReportableSegmentCouldNotBeReported,RelevantReasonsShallBeClearlyStated
(4)Othernotes
7.OtherSignificantTransactionsandEventswithInfluenceonInvestors’Decision-making
8.Other
XVII.NotesofMainItemsintheFinancialStatementsoftheCompanyastheParent
1.AccountsReceivable
(1)ListedbyCategory
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingbalance | Baddebtprovision | Carryingvalue | Carryingbalance | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| AccountsreceivablewithdrawalofBaddebtprovisionseparatelyaccrued | 96,702,269.40 | 96.84% | 96,702,269.40 | 100.00% | 96,702,269.40 | 97.65% | 96,702,269.40 | 100.00% | ||
| Ofwhich: | ||||||||||
| Accountsreceivab | 3,158,540.72 | 3.16% | 143,932.48 | 4.56% | 3,014,608.24 | 2,324,735.49 | 2.35% | 100,760.83 | 4.33% | 2,223,974.66 |
lewithdrawalofbaddebtprovisionofbygroup
| lewithdrawalofbaddebtprovisionofbygroup | ||||||||||
| Ofwhich: | ||||||||||
| Total | 99,860,810.12 | 100.00% | 96,846,201.88 | 96.98% | 3,014,608.24 | 99,027,004.89 | 100.00% | 96,803,030.23 | 97.75% | 2,223,974.66 |
Baddebtprovisionseparatelyaccrued:RMB96,702,269.40
Unit:RMB
| Name | Endingbalance | |||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93,811,328.05 | 100.00% | Involvedinlawsuitandwithnoexecutableproperty |
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2,836,561.00 | 100.00% | Longagingandexpectedunrecoverable |
| LuohuDistrictEconomicDevelopmentCompany | 54,380.35 | 54,380.35 | 100.00% | Longagingandexpectedunrecoverable |
| Total | 96,702,269.40 | 96,702,269.40 | ||
Withdrawalofbaddebtprovisionbygroup:RMB143,932.48
Unit:RMB
| Name | Endingbalance | ||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | |
| Within1year(including1year) | 2,756,828.14 | 79,339.03 | 3.00% |
| 1-2years(including2years) | 279,601.63 | 27,960.16 | 10.00% |
| 2-3years(including3years) | 122,110.95 | 36,633.29 | 30.00% |
| Total | 3,158,540.72 | 143,932.48 | |
Notestothedeterminationbasisforthegroup:
RefertoPartXFinancialStatementsfordetailsPleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable.
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Carryingbalance |
| Within1year(including1year) | 2,756,828.14 |
| 1to2years | 279,601.63 |
| 2to3years | 122,110.95 |
| Over3years | 96,702,269.40 |
| Over5years | 96,702,269.40 |
| Total | 99,860,810.12 |
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheReportingPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
Category
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Verification | Others | |||
| Baddebtprovisionwithdrawnseparately | 96,702,269.40 | 96,702,269.40 | ||||
| Baddebtprovisionwithdrawnbyportfolio | 100,760.83 | 43,171.65 | 143,932.48 | |||
| Total | 96,803,030.23 | 43,171.65 | 96,846,201.88 | |||
Ofwhichsignificantamountofreversedorrecoveredbaddebtprovision:
Unit:RMB
| Nameofentity | Amountreversedorrecovered | Wayofrecovery |
(3)AccountsReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Amountverified |
Ofwhichtheverificationofsignificantaccountsreceivable:
Unit:RMB
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverificationofaccountsreceivable:
(4)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtoArrearsParty
Unit:RMB
| Nameofentity | Endingbalance | Proportiontototalendingbalanceofaccountsreceivable | Endingbalanceofbaddebtprovision |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93.94% | 93,811,328.05 |
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2.84% | 2,836,561.00 |
| ChinaPacificPropertyInsuranceCo.,Ltd. | 1,305,420.00 | 1.31% | 39,162.60 |
| ShenzhenFeihuangIndustrialCo.,Ltd. | 769,919.05 | 0.77% | 23,097.57 |
| ShenzhenLehuiPartyCateringManagementCo.,Ltd. | 583,269.40 | 0.58% | 55,463.73 |
| Total | 99,306,497.50 | 99.44% |
(5)AccountsReceivableDerecognizedduetotheTransferofFinancialAssets
(6)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivableOthernotes:
2.OtherReceivables
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
| Interestsreceivable | 385,423,194.45 | 0.00 |
| Dividendsreceivable | 0.00 | 0.00 |
| OtherReceivables | 4,778,856,969.07 | 2,412,506,681.28 |
| Total | 5,164,280,163.52 | 2,412,506,681.28 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Entrustloans | 385,423,194.45 | |
| Total | 385,423,194.45 | 0.00 |
2)SignificantOverdueInterest
Unit:RMB
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentanditsjudgmentbasis |
Othernotes:
3)InformationofWithdrawalofBadDebtProvision
□Applicable?Notapplicable
(2)DividendReceivable
1)Dividendreceivableclassification
Unit:RMB
| Project(orinvestee) | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
2)SignificantDividendsReceivableAgingover1Year
Unit:RMB
| Project(orinvestee) | Endingbalance | Aging | Reason | Whetheroccurredimpairmentanditsjudgmentbasis |
3)InformationofWithdrawalofBadDebtProvision
□Applicable?NotapplicableOthernotes:
(3)OtherReceivables
1)OtherReceivablesClassifiedbyAccountNature
Unit:RMB
Nature
| Nature | Closingbookbalance | Beginningcarryingamount |
| Guaranteedeposit | 2,240,927.00 | 2,328,581.00 |
| Externalintercoursefunds | 23,216,234.57 | 56,305,486.73 |
| Internalintercoursefunds | 4,785,968,996.64 | 2,386,210,528.77 |
| Total | 4,811,426,158.21 | 2,444,844,596.50 |
2)WithdrawalofBadDebtProvision
Unit:RMB
| Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceasat1January2022 | 8,844,588.14 | 23,493,327.08 | 32,337,915.22 | |
| Balanceof1January2022intheCurrentPeriod | ||||
| WithdrawaloftheCurrentPeriod | 43,181.20 | 188,092.72 | 231,273.92 | |
| Balanceasat30June2022 | 8,887,769.34 | 23,681,419.80 | 32,569,189.14 |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheCurrentPeriod
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Endingbalance |
| Within1year(including1year) | 4,231.63 |
| 1to2years | 3,880.01 |
| 2to3years | 20,880.00 |
| Over3years | 32,540,197.50 |
| 4to5years | 40,000.00 |
| Over5years | 32,500,197.50 |
| Total | 32,569,189.14 |
3)BadDebtProvisionWithdrawn,ReversedorRecoveredintheReportingPeriodWithdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Verification | Others | |||
| Baddebtprovisionwithdrawnseparately | 23,493,327.08 | 188,092.72 | 23,681,419.80 | |||
| Baddebt | 8,844,588.14 | 43,181.20 | 8,887,769.34 | |||
provisionwithdrawnbyportfolio
| provisionwithdrawnbyportfolio | ||||
| Total | 32,337,915.22 | 231,273.92 | 32,569,189.14 |
OfwhichthebaddebtprovisionreversedorrecoveredwithsignificantamountduringtheReportingPeriod:
Unit:RMB
| Nameofentity | Amountreversedorrecovered | Wayofrecovery |
4)ParticularsoftheActualVerificationofOtherReceivablesduringtheReportingPeriod
Unit:RMB
| Item | Amountverified |
Ofwhichtheverificationofsignificantotherreceivables:
Unit:RMB
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestotheverificationofotherreceivables:
5)Top5oftheEndingBalanceofOtherReceivablesCollectedaccordingtotheArrearsParty
Unit:RMB
| Nameofentity | Nature | Endingbalance | Aging | Proportiontoendingbalanceoftotalotherreceivables% | Endingbalanceofbaddebtprovision |
| DongguanWuheRealEstateCo.,Ltd. | Intercoursefundstosubsidiary | 2,113,760,170.00 | Within1year(including1year) | 43.93% | |
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | Intercoursefundstosubsidiary | 1,621,000,000.00 | Within1year(including1year) | 33.69% | |
| YangzhouWuheRealEstateCo.,Ltd. | Intercoursefundstosubsidiary | 576,893,203.49 | Within1year(including1year) | 11.99% | |
| ShumYipPropertiesDevelopmentCo.,Ltd. | Intercoursefundstosubsidiary | 105,126,625.45 | Over5years | 2.18% | 7,199,477.67 |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | Intercoursefundstosubsidiary | 37,888,221.89 | Within1year(including1year) | 0.79% | |
| Total | 4,454,668,220.83 | 92.58% | 7,199,477.67 |
6)AccountsReceivableInvolvingGovernmentSubsidies
Unit:RMB
| Nameofentity | Projectofgovernmentsubsidies | Endingbalance | Endingaging | Estimatedrecoveringtime,amountandbasis |
7)DerecognitionofOtherReceivablesduetotheTransferofFinancialAssets
8)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofOtherReceivablesOthernotes:
3.Long-termEquityInvestment
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
| Investmenttosubsidiaries | 1,402,829,880.39 | 68,364,000.00 | 1,334,465,880.39 | 1,127,829,880.39 | 68,364,000.00 | 1,059,465,880.39 |
| Investmenttojointventuresandassociatedenterprises | 70,203,829.89 | 18,983,614.14 | 51,220,215.75 | 69,344,295.51 | 18,983,614.14 | 50,360,681.37 |
| Total | 1,473,033,710.28 | 87,347,614.14 | 1,385,686,096.14 | 1,197,174,175.90 | 87,347,614.14 | 1,109,826,561.76 |
(1)InvestmenttoSubsidiaries
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Increase/decrease | Endingbalance(carryingvalue) | Endingbalanceofdepreciationreserve | |||
| Additionalinvestment | Investmentreduced | 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 | |||||
| ShenzhenPropertyEngineering | 3,000,000.00 | 3,000,000.00 | |||||
andConstructionSupervisionCo.,Ltd.
| andConstructionSupervisionCo.,Ltd. | ||||||
| SZPRDCommercialOperationCo.,Ltd. | 63,509,120.32 | 63,509,120.32 | ||||
| ZhanjiangShenzhenRealEstateDevelopmentCo.,Ltd. | 2,530,000.00 | |||||
| ShumYipPropertiesDevelopmentCo.,Ltd. | 15,834,000.00 | |||||
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | 50,000,000.00 | |||||
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 508,000,000.00 | 508,000,000.00 | ||||
| SZPRDUrbanRenewalCo.,Ltd. | 119,116,236.91 | 41,641,757.62 | 77,474,479.29 | |||
| DongguanWuheRealEstateCo.,Ltd. | 20,000,000.00 | 30,000,000.00 | 50,000,000.00 | |||
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | ||||
| ShenzhenWuheUrbanRenewalCo.,Ltd. | 236,641,757.62 | 236,641,757.62 | ||||
| Total | 1,059,465,880.39 | 316,641,757.62 | 41,641,757.62 | 1,334,465,880.39 | 68,364,000.00 |
(2)InvestmenttoJointVenturesandAssociatedEnterprises
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Increase/decrease | Endingbalance(carryingvalue) | Endingbalanceofdepreciationreserve | |||||||
| Additionalinvestment | Investmentreduced | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | ||||
| I.Jointventures | |||||||||||
| ShenzhenReal | 43,516, | 784,773 | 44,301, | ||||||||
EstateJifaWarehousingCo.,Ltd.
| EstateJifaWarehousingCo.,Ltd. | 665.12 | .86 | 438.98 | |||
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | 6,844,016.25 | 74,760.52 | 6,918,776.77 | |||
| Subtotal | 50,360,681.37 | 859,534.38 | 51,220,215.75 | |||
| II.Associatedenterprises | ||||||
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 18,983,614.14 | |||||
| Subtotal | 18,983,614.14 | |||||
| Total | 50,360,681.37 | 51,220,215.75 | 18,983,614.14 | |||
(3)OtherNotes
4.OperatingRevenueandCostofSales
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Mainbusiness | 23,251,320.73 | 16,550,326.74 | 31,762,623.21 | 17,990,848.30 |
| Others | 8,338,349.86 | 659,988.00 | 10,538,272.14 | 659,988.00 |
| Total | 31,589,670.59 | 17,210,314.74 | 42,300,895.35 | 18,650,836.30 |
Relevantinformationofrevenue:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |
| Productcategories | ||||
| Ofwhich: | ||||
| Houseleasingbusiness | 31,589,670.59 | 31,589,670.59 | ||
| Classifiedbyoperatingregion | ||||
| Ofwhich: |
Shenzhen
| Shenzhen | 31,589,670.59 | 31,589,670.59 | |
| Bytypesofmarketorcustomers | |||
| Ofwhich: |
Typesofcontracts
| Typesofcontracts |
| Ofwhich: |
Bythetimeoftransferringgoods
| Bythetimeoftransferringgoods |
| Ofwhich: |
Bycontractterm
| Bycontractterm |
| Ofwhich: |
Bymarketingchannel
| Bymarketingchannel |
| Ofwhich: |
Total
| Total | 31,589,670.59 | 31,589,670.59 |
Informationaboutperformanceobligations:
Theincomeoftheparentcompanyinthisperiodwasallincomefromleasingbusiness.Informationinrelationtothetransactionpriceapportionedtotheresidualcontractperformanceobligation:
TheamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyetwasRMB0.00attheperiod-end,amongwhichRMBXXXwasexpectedtoberecognizedintheyear,RMBXXXintheyearandRMBXXXintheyear.Othernotes:
5.InvestmentIncome
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 859,534.38 | 3,218,483.17 |
| Interestincomefromentrustedloans | 76,724,135.18 | 59,818,841.72 |
| Total | 77,583,669.56 | 63,037,324.89 |
6.Other
XVIII.SupplementaryMaterials
1.ItemsandAmountsofNon-recurringProfitorLoss?Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gains/lossesfromthedisposalofnon-currentassets | -41,452.49 | |
| Governmentgrantsrecordedinthecurrentprofitorloss(exceptforthoseacquiredintheordinarycourseofcompany'sbusiness,inlinewithnational | 1,115,174.40 | Mainlysubsidiesreceivedforstayingonthejobandepidemicprevention |
policiesandregulations,orgrantedcontinuouslyaccordingtocertainstandardquotasoramounts)
| policiesandregulations,orgrantedcontinuouslyaccordingtocertainstandardquotasoramounts) | ||
| Capitaloccupationchargesonnon-financialenterprisesthatarechargedtocurrentprofitorloss | -100,594.95 | |
| Currentprofitorlossonsubsidiariesobtainedinbusinesscombinationsinvolvingenterprisesundercommoncontrolfromtheperiod-beginningtocombinationdates,net | -6,933,601.34 | |
| Othernon-operatingincomeandexpenseotherthantheabove | 1,128,481.62 | Mainlyconfiscatedincomeanddefaultfine |
| Less:Incometaxeffects | 554,987.92 | |
| Non-controllinginterestseffects | 461,472.66 | |
| Total | -5,848,453.34 | -- |
Othersthatmeetsthedefinitionofnon-recurringgain/loss:
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.ExplainthereasonsiftheCompanyclassifiesanyextraordinarygain/lossitemmentionedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—Non-recurringGainsandLossesasarecurrentgain/lossitem
□Applicable?Notapplicable
2.ReturnonEquityandEarningsPerShare
| ProfitasofReportingPeriod | WeightedaverageROE(%) | EPS | |
| EPS-basic | EPS-diluted | ||
| NetprofitattributabletoordinaryshareholdersoftheCompany | 5.40% | 0.4208 | 0.4208 |
| NetprofitattributabletoordinaryshareholdersoftheCompanyafterdeductionofnon-recurringprofitorloss | 5.53% | 0.4306 | 0.4306 |
3.DifferencesbetweenAccountingDataunderDomesticandOverseasAccountingStandards
(1)DifferencesofNetProfitandNetAssetsDisclosedinFinancialReportsPreparedunderInternationalandChineseAccountingStandards
□Applicable?Notapplicable
(2)DifferencesofNetprofitandNetassetsDisclosedinFinancialReportsPreparedunderOverseasandChineseAccountingStandards
□Applicable?Notapplicable
(3)ExplainReasonsfortheDifferencesbetweenAccountingDataunderDomesticandOverseasAccountingStandards;foranyAdjustmentMadetotheDifferenceExistingintheDataAuditedbytheForeignAuditingAgent,SuchForeignAuditingAgent’sNameShallBeClearlyStated
4.Other