SHENZHENPROPERTIES&RESOURCESDEVELOPMENT(GROUP)LTD.
INTERIMREPORT2021（AnnouncementNo.2021-25）
August2021
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 ...... 33
PartVIIShareChangesandShareholderInformation ...... 43
PartVIIIPreferredShares ...... 49
PartIXBonds ...... 50
PartXFinancialStatements ...... 51
DocumentsAvailableforReference
I.ThefinancialstatementswiththesignaturesandstampsoftheCompany’slegalrepresentative,headoffinancialaffairsandheadofthefinancialdepartment;andII.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicvianewspapersdesignatedbytheCSRCintheReportingPeriod.
Definitions
| Term | Definition |
| The“Company”,the“Group”,“SZPRD”or“we” | ShenZhenProperties&ResourcesDevelopment(Group)Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires |
| SIHC | ShenzhenInvestmentHoldingsCo.,Ltd. |
| HuangchengRealEstate | ShenzhenHuangchengRealEstateCo.,Ltd. |
| DongguanCompany | DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. |
| XuzhouCompany | SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. |
| YangzhouCompany | SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. |
| RongyaoRealEstate | ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. |
| UrbanRenewalCompany | ShenzhenSZPRDUrbanRenewalCo.,Ltd. |
| ITCPropertyManagement | ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. |
| CommercialOperationCompany | ShenzhenSZPRDCommercialOperationCo.,Ltd. |
| GuomaoCatering | ShenzhenGuomaoCateringCo.,Ltd. |
| SupervisionCompany | ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. |
| RMB,RMB’0,000,RMB’00,000,000 | ExpressedintheChinesecurrencyofRenminbi,expressedintensofthousandsofRenminbi,expressedinhundredsofmillionsofRenminbi |
PartIICorporateInformationandKeyFinancialInformationICorporateInformation
| 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 | 39/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,whichcanbefoundinthe2020AnnualReport.
2.MediaforInformationDisclosureandPlacewherethisReportisKept
IndicatebytickmarkwhetheranychangeoccurredtotheinformationdisclosuremediaandtheplaceforkeepingtheCompany’speriodicreportsintheReportingPeriod.
□Applicable√NotapplicableThenewspapersdesignatedbytheCompanyforinformationdisclosure,thewebsitedesignatedbytheCSRCfordisclosingtheCompany’speriodicreportsandtheplaceforkeepingsuchreportsdidnotchangeintheReportingPeriod.Thesaidinformationcanbefoundinthe2020AnnualReport.IVKeyFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
| H12021 | H12020 | Change(%) | |
| Operatingrevenue(RMB) | 2,540,865,139.25 | 1,421,077,767.83 | 78.80% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 676,375,523.75 | 211,967,734.76 | 219.09% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | 669,858,491.21 | 210,621,623.38 | 218.04% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | 1,137,570,780.73 | -1,623,182,138.90 | 170.08% |
| Basicearningspershare(RMB/share) | 1.1349 | 0.3557 | 219.06% |
| Dilutedearningspershare(RMB/share) | 1.1349 | 0.3557 | 219.06% |
| Weightedaveragereturnonequity(%) | 16.98% | 6.66% | 10.32% |
| 30June2021 | 31December2020 | Change(%) | |
| Totalassets(RMB) | 13,283,680,708.37 | 12,207,356,912.54 | 8.82% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 4,159,122,838.45 | 3,727,917,440.03 | 11.57% |
VAccountingDataDifferencesunderChina’sAccountingStandardsforBusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards
1.NetProfitandEquityDifferencesunderCASandIFRS
□Applicable√Notapplicable
NosuchdifferencesfortheReportingPeriod.
2.NetProfitandEquityDifferencesunderCASandForeignAccountingStandards
□Applicable√NotapplicableNosuchdifferencesfortheReportingPeriod.
VIExceptionalGainsandLosses
√Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | -14,448.90 | |
| Governmentgrantsthroughprofitorloss(exclusiveofgovernmentgrantsgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsasperthegovernment’suniformstandards) | 226,082.01 | |
| GainorlossoncontingenciesthatdonotariseintheCompany’sordinarycourseofbusiness | -114,571.79 | Lawsuit-relatedcompensation |
| Non-operatingincomeandexpenseotherthantheabove | 8,061,224.33 | Demolitioncompensationreceived |
| Less:Incometaxeffects | 1,836,539.53 | |
| Non-controllinginterestseffects(netoftax) | -195,286.42 | |
| Total | 6,517,032.54 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.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".Theyear2021istheopeningyearofthe14thFive-YearPlan.DuringtheReportingPeriod,facingtheabruptCOVID-19anddeepregulationandcontrolinrealestate,theCompanyfaceduptothedifficultiesandcontinuedtomakeeffortsinfourbusinesssectors,includingindustry-cityspacedevelopment,propertymanagementservices,industrialecosystemoperation,andmainbusinessecosysteminvestmentinitsmainbusiness.TheCompanyendeavoredtofurtherconsolidateandhighlightitsadvantagesofindustry-cityintegrationandthewholeindustrychainthroughexpandingthemainbusinessandmakingbreakthroughs.
1.Industrial&urbanspacedevelopmentIntermsofthespacedevelopmentsegment,theCompanyisspecializedindevelopingtheresidence,thehi-endapartment,theofficebuilding,andtheindustrialparkandhasdevelopedabatchofbrandprojects,includingShenzhenInternationalTradeCenterBuilding,HuanggangPort,Tian'anInternationalBuilding,QianhaiGangwanGarden,andGoldenCollarHoliday.Basedonitspresentrealestatedevelopmentbusiness,theCompanywillimproveitsexistingportfolioandplanfornewbusinesses.Itwillengageanumberofsubsidiariesinpropertydevelopmentandurbanrenewals,includingHuangchengRealEstate,RongyaoRealEstate,theUrbanRenewalCompany,DongguanCompany,XuzhouCompany,andYangzhouCompany,strengthencapitaloperationviathelistingplatform,andmakeareasonablelayoutofthecityspacedevelopmentsegment.IntheReportingPeriod,SZPRDmademultipleeffortsforthissegment.Forinstance,itsteadilyadvancedtheexistingprojectdevelopmentinsideandoutsideShenzhen,acceleratedthesalesofprojectsinXuzhou,andYangzhou,andspeduptherecoveryofinvestment.Moreover,itfocusedonthedevelopmentandconstructionofindustry-citycomplexesandacceleratedtocreateanintegratedandco-existingmodelforthedevelopmentofboutiqueurbanresidencesandhigh-endindustryspace.
2.PropertymanagementservicesTheCompany'spropertymanagementsegmenttakesITCPropertyManagementasitsplatform.AsthesecondpropertymanagemententerpriseestablishedinChinaandthefirstbatchoffirst-classqualifiedenterprisesinpropertymanagement,ITCPropertyManagement,aftermorethan30yearsofdevelopment,hasbecomeadomesticfirst-classpropertyserviceproviderwithdiversified
businesscapabilitiesandtechnologicalstrength,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,andleasingandtheadvantageofthewholeindustrychainanddeepenedinternalandexternalstrategiccooperation.Itiscommittedtocreatingaclosedloopofthewholeindustrialecosystem,coveringprojectdevelopmentservices,parkoperationservices,andsupportingrentaloperations,andkeepingimprovingthespaceserviceandrentalecosystemintheindustrialpark.TheCompanyisexpeditingthestocktakingandassessmentofitspropertiesinstockandstrengtheningthemanagementoverthem.Inthefuture,itwillgraduallyexpandthescopeofleasingandraisethedevelopmentcapabilityofpropertyrental.Moreover,theCompanywillgraduallyshiftthefocusofindustrialecosystemoperationtosci-techparks,providesupportingservicescoveringthewholevaluechain,suchastheimportofindustrialecosystem,projectdevelopmentservices,andparkoperationservices,andservetheroleof"spaceserviceprovider"centeringonsci-techparks.
4.OtherbusinessIntheReportingPeriod,theCompany'sbusinessesalsoincludedcateringserviceandprojectsupervisionservice.ThecateringserviceisoperatedbyShenzhenGuomaoCateringCo.,Ltd.GuomaoCateringCo.,Ltd.,establishedin1986,becamefamousathomeandabroad,asitwastheplacewherePresidentDengXiaopinggavetalksduringhisinspectiontothesouthin1992.Sinceitsestablishment,ithasreceivedmorethan600domesticandoverseasstateheads,famouspeople,andnumerousdomesticandoverseasguests,withitsreputationspreadingallovertheworld.TheprojectsupervisionserviceishandledbythesubordinatedsupervisioncompanyoftheGroup.ThecompanyhastheGradeAsupervisionqualificationofbuildingworksoftheMinistryofHousingandUrban-RuralDevelopment(MOHURD).ItwasoriginallyknownasShenzhenPropertyEngineeringManagementDepartment,andtakespartintheconstructionandmanagementworkofShenzhenInternationalTradeCenterBuilding.Itisawitnessofthewholeprocessof"Shenzhenspeed",andmainlyservesforthedevelopmentprojectoftheGroup.(II)IndustryDevelopmentProgress
1.RealestateindustryInthefirsthalfof2021,thedevelopmenttrendofmacroeconomicoperationwasgenerallystableandsteady.Themainmacroeconomicindicatorsremainedinareasonablerange.Thestructuralreformonthesupplysidecontinuedtoadvance.Reformandopeningupcontinuedtodeepen.People'slivingstandardsandqualitycontinuedtoimprove,andthepositivefactorstopromotehigh-qualitydevelopmentincreased.Realestateregulationandcontrolremaintight,andin2021,thecentralgovernmenthasrepeatedlyemphasizedinimportantmeetingstoadheretothepositioningthat"housesareforlivingin,notforspeculatingon"andtoclarifythe"threestabilities"goals.Intermsofstabilizingexpectations,the"threeredlines"policyforrealestateenterprisesandthe"twoconcentrations"policyforbankswereintroducedtopreventthedisorderlyexpansionofrealestateenterprisesfromthecapitallevel,andtheregulatoryauthoritiescrackeddownonirregularitiesofbusinessloansandconsumerloansintothepropertymarket.Intermsofstabilizinghousingprices,localgovernmentsintroduced"ceilingprice"and"purchaselimits".Intermsofstabilizinglandprices,acentralizedlandsupplypolicywasintroducedtodirectlycontrolthepremiumrateoflandpricesfromthelandlevelsoastofurtherstabilizehousingpricelevels.Inthecontextoffinancialpoliciesmaintainingprudence,continuedfermentationofriskevents
andconcentratedlandsales,theoverallfinancingabilityofrealestateenterprisescontinuestobeinhibited,andthelandmarketisexpectedtocooldownmarginally,whilerealestateenterpriseswithsoundnessandstrongcapitaladvantagesareexpectedtousherinawindowoflandacquisition.Fromtheregionalmarket,inthefirsthalfof2021,therealestatemarketinShenzhencontinuedtomaintainthedevelopmenttrendofincreasedregulationandenhancedsupervision.InFebruary,Shenzhenissuedaguidepriceforsecond-handhouses,disguisedasanincreaseinthedownpaymentratioforsecond-handhousetransactions.Thesecond-handhousemarkettransactionsandpriceincreaseswerebothsuppressed.InMarch,ShenzhenMunicipalBureauofHousingandUrban-RuralDevelopmentrequiredallresidentialprojectstobelistedbythe"iShenzhen"forregistrationandonlinehouseselection.Atthesametime,newsubscriptionsinShenzhenaresubjecttothepointssortingpolicy.Thesourceoffundsforadownpaymentisstrictlyinvestigated,tocrackdownoncrowdfunding,holding(housepurchase)andotheracts,topreventbusinessloans,mortgageloansandotherfundsintothepropertymarket.Thestrictimplementationofvariouspoliciesreducedthefinancialinvestmentattributesofrealestate,andthemarketrapidlycooledwithastrongwait-and-seemood.Despitethecontinuedtighteningofthepolicy,thefundamentalsstillshowstrongresiliencefromtheindustrydata.Thesalesareaofcommercialpropertiesinthefirsthalfof2021was886.35millionsquaremeters,andup27.7%year-on-year;up17.0%fromJanuarytoJune2019,andsalesofcommercialpropertieswereRMB9,293.1billion,up38.9%year-on-year,andup31.4%fromJanuarytoJune2019.Inthefaceofchangesinindustrypoliciesanddevelopmenttrends,mainstreamrealestateenterprisesaregraduallymakingeffortsindiversifiedbusinesslayouts.AccordingtothestatisticsofCRIC,mainstreamrealestateenterprisesarecurrentlyinvolvedinnon-residentialdevelopmentandsales,amongwhichpropertymanagement,commercialproperty,long-termrentalandlogisticsrealestatehaveformedamorestableindustrypattern,inaddition,sub-sectorssuchasservicefortheaged,educationandconstructionaredevelopingrapidly.Theindustryhasaccelerateditstransformationfromrealestatetoimmovableproperty,graduallyshiftingfromthescale-drivenadvantageformedbyresidentialdevelopmentandsalestothecharacteristicsofbothdevelopment,operationandservice.
2.PropertymanagementindustryInrecentyears,thepropertymanagementindustryhasenteredaperiodofrapiddevelopment,drivenbycontinuedurbanization,consumerupgradingandencouragingpolicies,overlaidwithtechnologicalempowermentandcapitaldividends.Withtheincreasingsocialstatusofthepropertymanagementindustry,inthefirsthalfof2021,therelevantstatedepartmentsissuedanumberofpolicydocumentsoneafteranothertocontinuouslypromotethedevelopmentoftheindustry.Atthebeginningoftheyear,aftertheMinistryofHousingandUrban-RuralDevelopmentissuedtheNoticeonStrengtheningandImprovingResidentialPropertyManagementwithtenministriesanddepartments,localgovernmentsinvariousprovincesandcitieshavesuccessivelyissuednewpoliciesonpropertymanagementtoimplementthepolicyguidanceofthecentralgovernmentinthedetails,andaconsensushasbeenreachedfromthecentraltothelocalleveltosupportandencouragethedevelopmentofthepropertymanagementindustry.OnMay28,2021,theMinistryofCommerceandother12departmentsissuedtheOpinionsonPromotingtheBuildingofUrbanOne-QuarterConvenientLivingCirclealsoclearlyproposedtoencouragepropertymanagemententerprisestodevelopbusinessinthefieldoftheservicesfortheaged,childcare,housekeeping,postalexpress,topromote"propertyservices+lifeservices".Italsoproposedtogivepreferentialpoliciesinfinance,taxesandfees,creatingunprecedentedfavorableconditionsfortherapidgrowthandstandardizeddevelopmentofthepropertymanagementindustry.Expandingscaleandboundariesarestillthemainthemeofthedevelopmentofthepropertymanagementindustry.Inthefirsthalfof2021,M&Ainthepropertymanagementindustryoccurredfrequently,andtheindustryintegrationwasaccelerated.AccordingtothestatisticsofChinaIndexAcademy,inthefirsthalfoftheyear,M&Aeventsinthepropertymanagementindustryexceeded40.ThetotalamountofmergersandacquisitionshasbeennearlyRMB13.3billion,exceedingRMB10billionin2020.Inthemediumandlongterm,mergersandacquisitionswillvigorouslypromotethefurtherincreaseofindustryconcentration,andpropertymanagementcompanieswithdeveloperbackgroundshavemoreadvantagesinthisregard.Thepropertymanagemententerpriselistingboomcontinues,withfourmorepropertymanagemententerprisesenteringthecapitalmarketinthefirsthalfoftheyear.AsatJune30,
2021,atotalof46propertymanagemententerpriseswerelisted,including42ontheMainBoardofHongKongandfourontheA-share,withatotalmarketcapitalizationofoverRMB1trillion.Improvingthelevelofintelligenceandbuildingsmartcommunitiesisstilloneoftheimportantdirectionsforenterprisedevelopment.Inthefirsthalfoftheyear,majorpropertymanagementcompanieslaunchedandupgradedtheirnewintelligentpropertymanagementsystemstoimplementintegratedpropertymanagementandprovideservicessuchaspropertynotification,warranty,visitornotificationandlifepaymentinamoreconvenientway.SomeenterprisesactivelycooperatedwithInternetcompaniestoexploretheapplicationofsmarttechnologyinpropertyservicescenariosandimprovevalue-addedservices.(III)OperatingPerformanceoftheCompanyintheReportingPeriod2021istheopeningyearofthecomprehensiveimplementationofthe14thFive-YearPlan.TheCompanycloselyfocusedontheimplementationofthekeyworkplansformulatedatthebeginningoftheyear,basedon"long-termgoals,medium-termexpectations,short-termresults"topromotetheoverallefficiencyoflong-termsustainabledevelopment.TheRealEstateCompanytookexpansionasthegoal,andmadeeffortstoseekabreakthroughinprojectexpansion.ThePropertyManagementCompanytookstrategictransformationastheguidetoenhancetheempowermentvalueandbrandvalue.TheCommercialOperationCompanyaimedatimprovingqualityandefficiency,andcontinuedtoinnovatetheoperationandmanagementmode,andeachbusinesssegmenthasmaintainedastableandhealthydevelopmenttrend.DuringtheReportingPeriod,theCompanyachievedoperatingrevenueofRMB2.541billion,up78.80%year-on-year;agrossprofitofRMB863million,up222.86%year-on-year;andanetprofitattributabletotheCompanyastheparentofRMB676million,up219.09%year-on-year.Thecashtoshorttermdebtratio,netobligationratio,andasset-liabilityratioexcludingpre-receiptsdidnotexceedtheredline,andallotherindicatorssuchasexpensesandtotalcompensationwereundereffectivecontrol.First,theperformanceoftheindustry-cityspacedevelopmentsegmentwasoutstanding,andtheprojectconstructionwasactivelypromoted.Inthefirsthalfoftheyear,therealestatebusinessachievedoperatingrevenueofRMB1.897billion,accountingfor74.66%oftotalrevenueandasignificantincreaseof120.82%year-on-year.Thegrossprofitmarginreached86.49%,anincreaseofabout4percentagepointsoverthesameperiodofthepreviousyear.DuringtheReportingPeriod,therealestatebusinessoftheCompanycontinuedtostrengthenthesynergyofnodaltargetsandresourceguaranteetoachieveacomprehensivespeedyturnaroundofprojectsunderconstruction,andfullycoordinatedtheannualsalesoftheGoldenCollarHolidayproject,graspingtherhythmofmarketentry.ThefinalsalesofBuildingBandCweresuccessfullyliquidated,andthesalesofBuildingAwereopenedonMay14atthenodeofstablecontrolofthepandemic,achievinggoodresultsandprovidingstrongsupportforthegrowthofrevenueandprofit.Inaddition,theFuhuiHuayuanproject,theBanshanYujingPhaseIIproject,theGuanlanBanglingprojectandtheFuyuanIndustryParkurbanrenewalprojectareallprogressinginanorderlymanner.Amongthem,theGuanlanBanglingproject,asthefirstindustrial-citycomplexprojectoftheCompanyinamarket-orientedwayintheGuanlanareaofLonghuaDistrict,wasincludedinthefirstbatchofkeyindustrialandmajorlivelihoodprojectsinLonghuaDistrictin2021,withaplannedtotalinvestmentofoverRMB8billionandatotalconstructionareaofabout620,000squaremeters.Theprojectwillintroducedigitalmanufacturing,digitalcultureandeducation,digitalhealth,financialservicesandotherintelligenttechnologyindustries,andbuildalargeindustry-citycomplexintegratingindustrialoffice,residentialandcommercialservices,whichwillhelptheGroup'stransformationandleapfrogdevelopment.Second,thepropertymanagementsegmentgrewsteadilyandcontinuedtoacceleratemarketexpansion.Inthefirsthalfoftheyear,thepropertymanagementbusinessachievedoperatingrevenueofRMB542million,accountingfor21.32%ofthetotalrevenueandrepresentinganincreaseofapproximately10.44%year-on-year,andremainedtheGroup'ssecond-largestrevenuesource.Thegrossprofitmarginwas16.66%,representinganincreaseofapproximately2percentagepointsoverthesameperiodofthepreviousyear.Thepropertymanagementsegmentexpanded16projectsinthefirsthalfoftheyear,includingJinanCitizenServiceCenter,ShenzhenBay(Baoding)InnovationCenter,YangzhouShugangTangzichengScenicArea,andLuohuAdministrationBureauofShenzhenMunicipalTransportationBureau,expandinganareaofabout1.1millionsquaremeters.Asattheendofthehalf-year,thetotalareaundermanagementwasabout23.56millionsquaremeters,with196projectsundermanagement,ofwhichtheareaofindustrialparkswasabout8.27millionsquaremeters,with46projectsundermanagement.Inthefieldofhigh-endvalue-added
services,theCompanyacquiredpartoftheequityinterestofthehigh-endvalue-addedserviceproviderFMC,andjointlycooperatedtoactivelyexplorevalue-addedservicessuchassmall-scalepropertymanagementandcustomizedbusinessservicesforpark-typeenterprises,andacceleratedthelaunchoftheconstructionofanationwidewhole-scenemulti-modelcontrolplatform,whichbecameanimportantdriverforthetransformationanddevelopmentoftheinformationization,digitalizationandintelligenceofthepropertymanagementsegment.Third,theindustrialecologicaloperationandothersegmentsimprovedqualityandefficiency,andcultivatedcoreoperationalcapabilities.Inthefirsthalfoftheyear,theleaseoperationbusinessachievedoperatingrevenueofRMB102million,anincreaseof
42.90%year-on-year,mainlyduetotheimplementationoftherent-freepolicyinthesameperiodofthepreviousyear.Inrecentyears,theCompanyhastakenmultiplemeasurestoacceleratethetransformationandupgrading,exploringmeasuressuchasestablishinganincrementalsharingmechanismandincreasingprojectexpansion,cultivatingcoreoperationalcapabilitiesinmultiplepaths,promotingthetransformationofthecurrentleasingbusinesstoacommercialoperationmode,andhelpingtorealizethedevelopmentandgrowthoftheindustrialecologicaloperationsegment.Inthefirsthalfoftheyear,theCompanysignedanagreementwiththeShenzhenInvestmentHoldingsCo.,Ltd.totrust97propertieswithabout82,000m
ofassets,whichisexpectedtoincreasetheannualincomebyaboutRMB7million,andatthisstage,theCompanycanleaseanareaofabout430,000m
,andadheretothecoreofimprovingqualityandefficiency,andacceleratethetransformationandupgradingofassets,revitalizationandutilization,anddisposalofinefficientassets.Intermsofindustrialinvestment,theCompanyhasdonealotofworkfromscratch,contactedmorethan20cooperationunitsoverthepastsixmonths,laidoutinadvancetheinvestmentworkofindustriessuchasGuanlanBangling,formulatedtheIndustrialInvestmentOperationStrategyWhitePaperandsoon,andtheindustrialinvestmentsystemhastakeninitialshape.ThesupervisionworkofthefinishingworksofBuildingAofGoldenCollarHoliday,PhaseIIofFuchangandGuanlanBanglingProjectwascarriedoutinanorderlymanner,andtheworkwascarriedoutinstrictaccordancewiththesupervisionworkspecificationprocessandtherelevantrequirementsoftheCompany'sinternalcontroltoensurethesuccessfulcompletionofthesupervisionworkoftheexistingprojects.(IV)ProgressofkeyconstructioninprogressTheCompanyissubjecttotheGuidelineNo.3oftheShenzhenStockExchangeonInformationDisclosurebyIndustry—forListedCompaniesEngaginginRealEstate.
1.NewadditionstothelandbankTherewerenonewadditionstothelandbankinthecurrentperiod.
2.Cumulativelandbank
| Nameofproject/area | Sitearea（0,000㎡） | Floorarea（0,000㎡） | Floorareaavailablefordevelopment（0,000㎡） |
| YupinluanshanGardenproject | 2.19 | 7.89 | 7.89 |
| Baoluproject | 3.24 | 8.16 | 8.16 |
| LandinDanshui,HuiyangDistrict,HuizhouCity | 1.77 | 6.20 | 6.20 |
| LandinHongqiTown,HaikouCity | 15.8 | - | - |
| Total | 23 | 22.25 | 22.25 |
3.Developmentstatusofmajorprojects
| City/re | Nameofproject | Location | Usage | TheComp | Timefor | %dev | %thathascompleted | Sitearea | Plannedfloor | Floorarea | Cumulativefloor | Estimatedtotal | Cumulative |
| gion | any’sinterest | commencementofconstruction | eloped | construction | （㎡） | areawithplotratio（㎡） | thatcompletedconstructionintheCurrentPeriod（㎡） | areathathascompletedconstruction（㎡） | investment(RMB’0,000) | investment(RMB’0,000) | |||
| Shenzhen | GoldenCollar’sResortapartments | FutianDistrict | Residential | 100% | 2014.03 | 100% | FinedecorationofTowerAunderway | 12,598 | 133,800 | 0 | 183,295 | 145,190 | 117,310 |
| Shenzhen | FuhuiHuayuan | FutianDistrict | Affordablehousing | 100% | 2018.12 | Underconstruction | 16-storeystructuresinSection1andSection2completed | 4,274 | 33,430 | 0 | 0 | 80,109 | 62,813 |
| XuzhouCity | BanshanYujing(PhaseII) | TongshanDistrict | Residential | 100% | 2019.03 | Underconstruction | Externalcomprehensivepipenetwork,landscaping,etc.infinalstage,goingthroughcheckandacceptanceformalities | 31,537 | 22,795 | 0 | 0 | 23,581 | 18,843 |
| Shenzhen | GuanlanBangling | LonghuaDistrict | Residential,commercialapartmentsandindustrial | 69% | 2020.10 | Underconstruction | 90.77%completedfordemolition | 68,300 | 433,640 | 0 | 0 | 694,150 | 361,865 |
4.Salesstatusofmajorprojects
| City | Name | Location | Usage | The | Floorarea | Floorarea | Cumulati | Floor | Pre-sale/sal | Cumulativ | Floorarea | Pre-sale/ |
| /region | ofproject | Company’sinterest | withplotratio（㎡） | availableforsale（㎡） | vepre-sold/soldfloorarea（㎡） | areapre-sold/soldintheCurrentPeriod（㎡） | esrevenuegenerateintheCurrentPeriod(RMB’0,000) | esettledfloorarea(㎡) | settledintheCurrentPeriod（㎡） | salesrevenuesettledintheCurrentPeriod(RMB’0,000) | ||
| Shenzhen | GoldenCollar’sResortapartments | IntersectionofFutianSouthRoadandBinheRoadinFutianDistrict | Residential,studioapartmentsandcommercial | 100% | 133,800.6 | 125,231.07 | 95,239.04 | 26,915.60 | 241,773.79 | 85,793.79 | 21,506.72 | 194,158 |
| DongguanCity | SonghuLangyuan | DalangTown | Residential,commercial | 100% | 147,134.05 | 140,911 | 140,911 | 0 | 0 | 145,443 | 0 | 0 |
| Shenzhen | SZPRD-QianhaiGangwanGarden | IntersectionofYueliangwanBoulevardandXinghaiBoulevardinNanshanDistrict | Residential | 100% | 64,625.13 | 63,448.26 | 63,448.26 | 0 | 0 | 63,336.29 | 0 | 0 |
| YangzhouCity | HupanYujingPhaseI | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100% | 36,141.28 | 48,870.98 | 42,718.16 | 368.9 | 139.8 | 42,484.43 | 268.58 | 92.02 |
| YangzhouCity | HupanYujingPhaseII | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100% | 56,935.75 | 73,121.96 | 69,214.05 | 1,690.68 | 2,442.36 | 64,927.94 | 750.05 | 940.44 |
| XuzhouCity | BanshanYujing(PhaseI) | 6HuashanRoad,TongshanDistrict,XuzhouCity,JiangsuProvince | Villa | 100% | 54,589.12 | 85,652.81 | 85,652.81 | 0 | 0 | 85,652.81 | 0 | 0 |
| XuzhouCity | BanshanYujing(PhaseII) | 6HuashanRoad,TongshanDistrict,XuzhouCity,JiangsuProvince | Residential(elevatorhousesof4-7floors) | 100% | 22,794.76 | 21,720.72 | 21,720.72 | 0 | 0 | 0 | 0 | 0 |
5.Rentalstatusofmajorprojects
| Nameofproject | Location | Usage | TheCompany’sworkinginterest | Rentablearea（㎡） | Cumulativerentedarea（㎡） | Averageoccupancyrate |
| XiApartments(Longyuan) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 3967 | 3967 | 100.00% |
| XiApartments(Longhua) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 1609 | 1609 | 100.00% |
| XiApartments(Xinhu) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 1600 | 1600 | 100.00% |
| FoodCourtintheInternationalTrade | Shenzhen | Commercial | 100.00% | 4049 | 2468.4 | 60.96% |
| Center | ||||||
| FuminComplex | Shenzhen | Commercial,apartments | 100.00% | 6450 | 4688.5 | 72.69% |
| TowerAofWenjinduPortBuilding | Shenzhen | Officebuilding | 75.00% | 5884 | 5703 | 97.00% |
| HaiwaiLianyiBuilding | Shenzhen | Commercialunitsandoffices | 75.00% | 9788 | 9314 | 95.16% |
| AnhuaBuilding | Shenzhen | Offices | 75.00% | 1414 | 1414 | 100.00% |
| TrainingBuilding/Dormitory | Shenzhen | Residentialunits/offices/commercialunits | 75.00% | 4244 | 4244 | 100.00% |
| PengfuBuilding | Shenzhen | Offices | 75.00% | 6494 | 6494 | 100.00% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 75.00% | 1702 | 1702 | 100.00% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 100.00% | 568 | 568 | 100.00% |
| FuxingGarden | Shenzhen | Residential/commercial | 75.00% | 5877 | 5877 | 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 | 14718 | 99.00% |
| 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 | 6585 | 95.00% |
| ShopsonthegroundfloorofTower48inLianhuaNorthVillage | Shenzhen | Shops | 75.00% | 1000 | 1000 | 100.00% |
| HaonianhuaBuilding | Shenzhen | Apartmentsandcommercialunits | 100.00% | 1803 | 1803 | 100.00% |
| HaonianhuaBuilding | Shenzhen | Apartmentsand | 75.00% | 2278 | 2278 | 100.00% |
| commercialunits | ||||||
| Hostel2atYuxinSchool | Shenzhen | Hostel | 75.00% | 3000 | 3000 | 100.00% |
| KaifengGardeninShangmeilin | Shenzhen | Residential | 100.00% | 1307 | 878.06 | 67.18% |
| FuyuanIndustrialZone | Shenzhen | Plantarea | 75.00% | 47130 | 47130 | 100.00% |
| TongluIndustrialZone | Shenzhen | Plantarea | 100.00% | 76886 | 74954 | 97.49% |
| GongluBuilding | Shenzhen | Commercial/offices | 75.00% | 317 | 317 | 100.00% |
| GongluBuilding | Shenzhen | Offices | 100.00% | 89 | 89 | 100.00% |
| JianglingIndustrialZone | Shenzhen | Plantarea | 75.00% | 10397 | 10397 | 100.00% |
| Zone21 | Shenzhen | Commercial/offices | 75.00% | 9514 | 9213.70 | 96.84% |
| BaoliCommunity | Shenzhen | Residential | 75.00% | 9020 | 8913.07 | 99.00% |
| SonggangPlant | Shenzhen | Plantarea | 75.00% | 5700 | 5700 | 100.00% |
| LongbuPlant | Shenzhen | Plantarea | 75.00% | 7471 | 7471 | 100.00% |
| GongluBuildinginHuanggang | Shenzhen | Offices | 75.00% | 4600 | 4553.6 | 99.00% |
| YuetongComplex | Shenzhen | Offices | 75.00% | 3044 | 3044 | 100.00% |
| DepartmentStorePlaza | Shenzhen | Offices | 33.00% | 13515 | 13515 | 100.00% |
| SouthernSecuritiesBuilding | Shenzhen | Offices | 33.00% | 8809.8 | 2847.96 | 32.33% |
| Building409,SangdaIndustrialZone | Shenzhen | Plantarea | 33.00% | 3309.2 | 3309.2 | 100.00% |
| MianshuiStudioApartment | Shenzhen | Apartment | 33.00% | 3440.12 | 3440.12 | 100.00% |
| XiangfuBuilding | Shenzhen | Commercial | 33.00% | 3104.9 | 3104.9 | 100.00% |
6.Primarylanddevelopment
□Applicable√Notapplicable
7.Financingchannels
| Financingchannel | Endingbalanceoffinancings | Financingcostrange/averagefinancingcost | Maturitystructure | |||
| Within1year | 1-2years | 2-3years | Over3years | |||
| Bankloans | 3,618,700,000.00 | 4%-6% | 3,000,000.00 | 3,615,700,000.00 | ||
| Total | 3,618,700,000.00 | 4%-6% | 3,000,000.00 | 3,615,700,000.00 | ||
8.DevelopmentstrategyandoperatingplanforthecomingyearEffortswillbeputon"expansion,acceleration,transformation,empowermentandeffectiveness".Intermsoflandreserve,the
Companywillexpanditscapacitythroughmarketcompetitionandcapitaloperation,continuetofocusonareaswitheconomicdevelopmentpotentials,suchastheGuangdong-HongKong-MacaoGreaterBayAreaandtheYangtzeRiverDelta,andactivelyfacilitatetheimplementationofprojectsassoonaspossiblethroughmarket-basedbidinvitation,auctionandlisting,industriallandapplication,projectcooperationandothermeans.Intermsofdevelopment,theCompanywillpromotetheconstructionofkeyprojects,continuetostrengthentheoverallcontrolofprojectgoals,nodaltargets,progressschedulesandinvestmentplans,strengthenthesynergyofnodaltargetsandresourceguarantees,andachieveaspeedyturnaroundofprojectsunderconstruction.Intermsofsales,thecompanywillfocusonthesalestargetofBuildingAoftheGoldenCollarHolidayprojectandlaunchvariousmarketingorganizations,whilevigorouslypromotingtheliquidationofYangzhouHupanYujingproject.Asforthepropertymanagementbusiness,theCompanywillvigorouslyexpandtheacquisitionofnewpropertymanagementprojectsandindependentexpansion,andpromotetheacquisitionofhigh-endvalue-addedservicesornewindustries.
9.Provisionofguaranteesforhomebuyersonbankmortgages
√Applicable□NotapplicableAsausualpracticeforrealestatedevelopers,theCompanyhasbeenprovidingguaranteesandsecuritydepositsforitshomebuyersontheirbankmortgages.Asat30June2021,securitydepositsforsuchoutstandingguaranteesamountedtoRMB196.67million,whichwillbereturnedupontheexpiryoftheguarantees,i.e.whentherelevanthomebuyerspaidofftheirbankmortgages.Onthegroundthattherehavebeennodefaultbythehomebuyerssofarandthatthemarketpricesoftherelevantpropertiesarecurrentlyhigherthanthetradingprices,theCompanybelievestheriskassociatedwithsuchguaranteesislow.
10.Jointinvestmentsbydirectors,supervisorsandseniormanagementandthelistedcompany(applicableforsuchinvestmentswherethedirectors,supervisorsandseniormanagementaretheinvestmententities)
√Applicable□Notapplicable
| 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.IICoreCompetitivenessAnalysisMarket-orientedadvantages:Inaccordancewiththemarket-orientedpaceofasmallchangeinayearandabigchangeinthreeyears,theGroupcontinuestoinnovateinstitutionalmechanisms,deepeninternalreforms,andactivelybenchmarkwithindustrymodelsformarket-orientedoperation,whichsignificantlystimulatesthevitalityandmomentumoftheGroup'shigh-qualitydevelopment.Inrecentyears,theGuanlanBanglingprojectpioneeredthecooperationbetweenstate-ownedenterprisesandprivate
enterprisesindevelopingurbanrenewalprojects,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.
IIICoreBusinessAnalysis
Seecontentsundertheheading“IPrincipalActivityoftheCompanyintheReportingPeriod”above.Year-on-yearchangesinkeyfinancialdata:
Unit:RMB
| H12021 | H12020 | Change(%) | Mainreasonforchange | |
| Operatingrevenue | 2,540,865,139.25 | 1,421,077,767.83 | 78.80% | Increaseinrevenuecarryforwardsinthepropertydevelopmentbusiness |
| Costofsales | 754,285,026.24 | 611,694,943.80 | 23.31% | |
| Sellingexpense | 10,417,216.57 | 11,544,060.19 | -9.76% | |
| Administrativeexpense | 104,914,523.61 | 88,433,004.35 | 18.64% | |
| Financecosts | 1,119,878.49 | 53,446,318.38 | -97.90% | Decreaseinexpensedinterestexpenditures |
| Incometaxexpense | 194,243,514.06 | 89,394,015.71 | 117.29% | Increaseintaxableincome |
| Netcashgeneratedfrom/usedinoperatingactivities | 1,137,570,780.73 | -1,623,182,138.90 | 170.08% | Thecurrentperiodsawanincreaseincashinflowswhilealargeamountoftaxesandlevieswaspaidinthesameperiodoflastyear |
| Netcashgeneratedfrom/usedininvestingactivities | -12,868,420.27 | -482,080,259.37 | 97.33% | Thecurrentperiodsawnoexpenditureonequityacquisition |
| Netcashgenerated | -338,997,821.33 | 1,874,915,831.86 | -118.08% | Therewerenonewbank |
| from/usedinfinancingactivities | loansinthecurrentperiod | |||
| Netincreaseincashandcashequivalents | 785,134,732.14 | -229,275,462.50 | 444.04% | |
| Taxesandlevies | 813,982,050.89 | 394,743,480.61 | 106.21% | Increaseinlandvalue-addedtax |
| Returnoninvestment | 3,218,483.17 | 157,061.79 | 1,949.18% | Increaseinnetprofitofjointventure |
| Non-operatingincome | 9,872,472.19 | 4,244,175.90 | 132.61% | Increaseincompensationreceivedforbuildingdemolition |
MaterialchangestotheprofitstructureorsourcesoftheCompanyintheReportingPeriod:
□Applicable√NotapplicableNosuchchangesintheReportingPeriod.Breakdownofoperatingrevenue:
Unit:RMB
| H12021 | H12020 | Change(%) | |||
| Operatingrevenue | As%oftotaloperatingrevenue(%) | Operatingrevenue | As%oftotaloperatingrevenue(%) | ||
| Total | 2,540,865,139.25 | 100% | 1,421,077,767.83 | 100% | 78.80% |
| Byoperatingdivision | |||||
| Propertydevelopment | 1,897,026,889.73 | 74.66% | 859,089,927.67 | 60.45% | 120.82% |
| Propertyrentalandoperation | 102,026,517.70 | 4.02% | 71,395,976.18 | 5.02% | 42.90% |
| Propertymanagement | 541,811,731.82 | 21.32% | 490,591,863.98 | 34.52% | 10.44% |
| Byproductcategory | |||||
| Propertydevelopment | 1,897,026,889.73 | 74.66% | 859,089,927.67 | 60.45% | 120.82% |
| Propertyrentalandoperation | 102,026,517.70 | 4.02% | 71,395,976.18 | 5.02% | 42.90% |
| Propertymanagement | 541,811,731.82 | 21.32% | 490,591,863.98 | 34.52% | 10.44% |
| Byoperatingsegment | |||||
| Shenzhen | 2,327,869,659.69 | 91.62% | 1,210,034,426.64 | 85.15% | 92.38% |
| Other | 212,995,479.56 | 8.38% | 211,043,341.19 | 14.85% | 0.92% |
OperatingDivision,ProductCategoryorOperatingSegmentContributingover10%ofOperatingRevenueorOperatingProfit
√Applicable□Notapplicable
Unit:RMB
| Operatingrevenue | Costofsales | Grossprofitmargin | YoYchangeinoperatingrevenue(%) | YoYchangeincostofsales(%) | YoYchangeingrossprofitmargin(%) | |
| Byoperatingdivision | ||||||
| Propertydevelopment | 1,897,026,889.73 | 256,248,450.98 | 86.49% | 120.82% | 71.02% | 3.94% |
| Propertymanagement | 541,811,731.82 | 451,542,753.54 | 16.66% | 10.44% | 7.94% | 1.93% |
| Byproductcategory | ||||||
| Propertydevelopment | 1,897,026,889.73 | 256,248,450.98 | 86.49% | 120.82% | 71.02% | 3.94% |
| Propertymanagement | 541,811,731.82 | 451,542,753.54 | 16.66% | 10.44% | 7.94% | 1.93% |
| Byoperatingsegment | ||||||
| Shenzhen | 2,327,869,659.69 | 572,845,462.96 | 75.39% | 92.38% | 36.31% | 10.12% |
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable√NotapplicableAnyover30%YoYmovementsinthedataaboveandwhy:
√Applicable□NotapplicableRevenuecarryforwardsfromtheprojectofGoldenCollar’sResortinShenzhenamountedtoRMB1.849billion,resultinginaconsiderationincreaseinoperatingrevenueandgrossprofitinthecurrentperiod.IVAnalysisofNon-CoreBusinesses
√Applicable□Notapplicable
Unit:RMB
| Amount | As%oftotalprofit | Source/Reason | Exceptionalorrecurrent | |
| Returnoninvestment | 3,218,483.17 | 0.37% | Returnoninvestmentinjointventures | Recurrent |
| Gain/lossonchangesinfairvalue | 0.00% | |||
| Assetimpairments | -33,715.66 | 0.00% | Reversalofinventoryvaluationallowances | Recurrent |
| Non-operating | 9,872,472.19 | 1.14% | Compensationreceivedfor | Exceptional |
| income | buildingdemolition | |||
| Non-operatingexpense | 1,940,268.55 | 0.22% | Fines,compensationforearlyterminationofleasecontract | Exceptional |
VAnalysisofAssetsandLiabilities
1.SignificantChangesinAssetComposition
Unit:RMB
| 30June2020 | 31December2020 | Changeinpercentage(%) | Reasonforanysignificantchange | |||
| Amount | As%oftotalassets | Amount | As%oftotalassets | |||
| Monetaryassets | 4,971,044,275.19 | 37.42% | 4,206,266,629.32 | 34.46% | 2.96% | Increaseinsalesrecognized |
| Accountsreceivable | 259,902,999.98 | 1.96% | 187,697,631.47 | 1.54% | 0.42% | Increaseinpropertymanagementfeesreceivable |
| Contractassets | 0.00% | |||||
| Inventories | 5,289,628,100.91 | 39.82% | 5,312,489,258.20 | 43.52% | -3.70% | RecognitionofcostoftheGoldenCollarproject,andincreaseincapitalizedexpenseoftheBanglingandotherprojects |
| Investmentproperty | 467,004,332.18 | 3.52% | 484,738,506.83 | 3.97% | -0.45% | Depreciationallowances |
| Long-termequityinvestments | 48,928,703.96 | 0.37% | 45,710,220.79 | 0.37% | 0.00% | |
| Fixedassets | 108,878,082.57 | 0.82% | 116,233,936.04 | 0.95% | -0.13% | Depreciationallowances |
| Constructioninprogress | 0.00% | |||||
| Right-of-useassets | 12,757,538.12 | 0.10% | 0.10% | Adoptionofthenewaccountingstandardgoverningleases | ||
| Short-termborrowings | 0.00% | |||||
| Contractliabilities | 853,367,394.63 | 6.42% | 666,893,629.72 | 5.46% | 0.96% | Newsalesrevenueandrevenuecarryforwardsofthepropertydevelopmentbusiness |
| Long-termborrowings | 3,556,900,000.00 | 26.78% | 3,587,800,000.00 | 29.39% | -2.61% | |
| Leaseliabilities | 13,025,535.53 | 0.10% | 0.10% | Adoptionofthenewaccountingstandardgoverningleases | ||
| Otherreceivables | 803,760,748.21 | 6.05% | 789,050,350.51 | 6.46% | -0.41% | Increaseinsecuritydepositspaid |
| Deferredincometaxassets | 1,176,247,431.17 | 8.85% | 950,681,245.50 | 7.79% | 1.06% | Increaseindeductiblelossesinthetaxationterm |
| Accountspayable | 365,584,409.13 | 2.75% | 468,269,685.65 | 3.84% | -1.09% | Decreaseinaccountspayableforengineering |
| Othernon-currentliabilities | 107,705,623.13 | 0.81% | 108,778,327.45 | 0.89% | -0.08% |
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 | 1,044,905.12 | -265,258.45 | -5,942.67 | 773,704.00 | ||||
| Totaloftheabove | 1,044,905.12 | -265,258.45 | -5,942.67 | 773,704.00 | ||||
| Financialliabilities | 0.00 | 0.00 | 0.00 | 0.00 |
Contentsofotherchanges:
Otherchangeswereresultedfromexchangeratemovements.
SignificantchangestothemeasurementattributesofthemajorassetsintheReportingPeriod:
□Yes√No
4.RestrictedAssetRightsasatthePeriod-End
(1)Intermofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewaslimitedcapitaloffrozenaccountwithRMB11,031.58inthesubsidiarycompanyShenzhenHuazhengpengPropertyManagementCo.,Ltd.
(2)Intermofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewascustodydepositaccountwithRMB44,554.35inthesubsidiarycompanyCateringBranchofShandongShenguomaoRealEstateManagement.
(3)Intermofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB1,148,647.30,whichistheCompanyasarealestatedeveloperandhistoricallyprovidedmortgageguaranteesandpaidloanguaranteesforcommercialhousingpurchasersinaccordancewithrealestatebusinesspractices.
(4)Intermofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewaspaymentguaranteewithRMB11,213,310.06(principalofRMB11,075,002.60andinterestofRMB138,307.46)inthesubsidiarycompanyXuzhouCompany,whichsignedtheNo.XingyinXubao(2020)25paymentguaranteewithJiangsuHanjianGroupon1June2020.
(5)Intermofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB4,948,119.51whichistheinterestoffixeddepositsaccruedattheendoftheperiod.
(6)Intermofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanguaranteeletterofRMB400,000.00issuedbythesubsidiarycompanySupervisionCompanyforthesecondphaseprojectsupervisionandserviceprojectofBanglingDistrict,GuanlanStreet,LonghuaDistrictofRongyaoRealEstatein2020.
(7)TheCompanyappliedforaloanfromShenzhenBranchofBankofCommunicationCo.,Ltd.withthelanduserightofFuminNewVillage,FutianDistrictasthepledgeduetotheneedsofitsdailybusinessactivities.Theperiodoftheloanisfrom27November2020to27November2023.Theinterestoftheloanisafloatinginterestrateandthefirstexecutioninterestrateis
4.655%.
VIInvestmentsMade
1.TotalInvestmentAmount
□Applicable√Notapplicable
2.MajorEquityInvestmentsMadeintheReportingPeriod
□Applicable√Notapplicable
3.MajorNon-EquityInvestmentsOngoingintheReportingPeriod
□Applicable√Notapplicable
4.FinancialInvestments
(1)SecuritiesInvestments
√Applicable□Notapplicable
Unit:RMB
| Varietyofsecurity | Codeofsecurity | Nameofsecurity | Initialinvestmentcost | Accountingmeasurementmethod | Beginningcarryingvalue | Gain/LossonfairvaluechangesinReportingPeriod | Accumulatedfairvaluechangeschargedtoequity | PurchasedinReportingPeriod | SoldinReportingPeriod | Gain/lossinReportingPeriod | Endingcarryingvalue | Accountingtitle | Sourceofinvestmentfunds |
| Domestic/Foreignstock | 400016、420016 | GintianA,GintianB | 3,565,856.06 | Fairvaluemethod | 1,044,905.12 | -265,258.45 | 0.00 | 0.00 | -5,942.67 | 773,704.00 | Investmentsinotherequityinstruments | ObtainedinGintian’sdebtrestructuring | |
| Total | 3,565,856.06 | -- | 1,044,905.12 | -265,258.45 | 0.00 | 0.00 | 0.00 | -5,942.67 | 773,704.00 | -- | -- | ||
| DisclosuredateofannouncementonBoard’sconsentforsecuritiesinvestment | |||||||||||||
| Disclosuredateofannouncementonshareholders’meeting’sconsentforsecuritiesinvestment(ifany) | |||||||||||||
(2)InvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
VIISaleofMajorAssetsandEquityInterests
1.SaleofMajorAssets
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.SaleofMajorEquityInterests
□Applicable√Notapplicable
VIIIPrincipalSubsidiariesandJointStockCompanies
√Applicable□NotapplicablePrincipalsubsidiariesandjointstockcompanieswithanover10%effectontheCompany’snetprofit
Unit:RMB
| Name | RelationshipwiththeCompany | Principalactivity | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
| ShenzhenHuangchengRealEstateCo.,Ltd. | Subsidiary | Developmentandsalesofrealestate | 30,000,000.00 | 6,129,008,423.19 | 2,194,875,336.52 | 1,859,058,422.14 | 801,842,606.64 | 602,866,601.68 |
SubsidiariesobtainedordisposedintheReportingPeriod
√Applicable□Notapplicable
| Subsidiary | HowsubsidiarywasobtainedordisposedintheReportingPeriod | Effectsonoveralloperationsandoperatingperformance |
| XiamenShenguomaoIndustrialCitySmartServiceCo.,Ltd. | Newlyestablished | Revenue:0Profit:0 |
| VietnamShenguomaoPropertyManagementCo.,Ltd. | Newlyestablished | Revenue:RMB3.45millionNetprofit:RMB1.58million |
| ShenzhenSZPRDYanzihuDevelopmentCo.,Ltd. | Newlyestablished | Revenue:0Netprofit:RMB-487.3thousand |
Notestotheprincipalsubsidiariesandjointstockcompanies:
IXStructuredBodiesControlledbytheCompany
□Applicable√Notapplicable
XRisksFacingtheCompanyandCountermeasures
1.MarketriskAlthoughthespreadofthepandemicinthecountryhasbeeneffectivelycontrolled,therearestillsomenewconfirmedcasesinsomecitiesrecently,bringinguncertaintytotheoverallindustryoperation.Inthecontextof"housesareforlivingin,notforspeculatingon",therealestatemarkethasbeenaffectedbyaseriesofcontrolpoliciessuchastheincreaseofdownpaymentratio,thegovernment'sstrictinvestigationofillegalinflowoffundsintothepropertymarketsuchasconsumerloansandbusinessloans,andtheincreaseofmortgageinterestrates,whichhaveacertainimpactonthemarketsituation.Realestateindustrypoliciesareexpected
toremaintightinthesecondhalfoftheyear.Countermeasures:Inthefaceoftheseveresituation,theCompanydeeplystudiedtheopportunitiesandchallengesbroughtbymacroeconomictrendsandpolicytrends,activelysoughtthedirectionofstrategicbreakthrough,andsoughttoexpandingthemainbusinessandmakingbreakthroughsinaccordancewiththe"12345"overalldevelopmentideaof"1Vision+2MajorSectors+3DrivingFactors+4Businesses+5Value-addedServices",andstrivedtoenhancesustainabledevelopmentcapacity.
2.LandReserveRiskAsamatteroffact,theCompanystilllacksenoughlandreservesanddevelopmentpoweratlaterstages.Inrecentyears,thesupplyofresidentiallandonShenzhenMarkethascontinuouslydeclined.Asthepriceofeachsingleplotincreasesyearafteryear,variouslarge-scalerealestateenterpriseshaveenlargedtheirmarketsharesandacceleratedtheirM&Apace.Whiletherealestateindustryiscentralizing,thedegreeofcentralizationofthelandreservescalehasalsobeenenhanced.Astheexternalenvironmentandtheindustry’strendbecomemuchmorecomplicatedandsevere,theincrementmarketscalewillfurthershrinkandthemarketcompetitionwillbecomeincreasinglyfierce.Countermeasures:Inthefaceofchallenges,theCompanywillcontinuetoexpanditscapacitythroughmarketcompetition,capitaloperationandurbanrenewal,grasptheinvestmentopportunitiesandmarketingmodelunderthe"twoconcentrations",activelyincreasetheexpansionoflandreserves,andpromotetheimplementationofprojectsassoonaspossible.
3.FinancingRiskAsthecentralgovernmenttightenedfinancialsupervisionoverrealestateandimplementedthe“threeredlines”inthesecondhalfof2020,financingofrealestateenterprisesarefurtherrestricted.Intheprocessofactivelyincreasinglandreservesandacceleratingthebusinessdevelopment,theCompanyneedstoinvestalargeamountoffundsforlandacquisitionandprojectdevelopment.Inadditiontoitsownfunds,theCompany’sprojectdevelopmentfundsneedtobeexternallyfinancedthroughbankloansandissuingsecurities.Countermeasures:First,basedontheadvantagesofalowercostofconstructionofsecurityhousing,stabledemand,lowerproportionofownfundsandlesscapitalpressure,theCompanycanexpandtheresourcesofhousingconstructionthroughmultiplechannels,thusavoidingthepressureofrealestateregulationtoacertainextent.Second,aftertheintroductionofthe"tworedlines"forhousingloans,bankswilltightentheirdevelopmentloans,makingitmoredifficultforrealestatecompaniestoraisefunds,andthemodeofjointlandacquisitionandcooperativedevelopmentwillhelpreduceownfundsexpenditure.Third,theCompanywillcontinuetoimprovetheoperationalcapacityofrealestatecompanies,speedupprojectturnover,andquicklyrecoverthefund.
PartIVCorporateGovernanceIAnnualandExtraordinaryGeneralMeetingConvenedduringtheReportingPeriod
1.GeneralMeetingsConvenedduringtheReportingPeriod
| Meeting | Type | Investorparticipationratio | Conveneddate | Disclosuredate | Resolutionofthemeeting |
| The2020AnnualGeneralMeeting | AnnualGeneralMeeting | 61.23% | 21April2021 | 22April2021 | TheMeetingconsideredandapprovedtheReportontheWorkoftheBoardofDirectorsfor2020,theReportontheWorkoftheSupervisoryCommitteefor2020,theAnnualReport2020,theReportontheFinancialAccountsfor2020,theReportontheFinancialBudgetfor2021,theProposalontheDistributionofProfitsandCapitalizationofCapitalReservefor2020,theProposalontheComprehensiveCreditLinefor2021,theProposaltoUsePartofOwnFundstoPurchaseWealthManagementProducts,theProposaltoIssueCommercialPropertyMortgageAsset-BackedSecuritizationProducts,theProposaltoExpectDailyConnectedTransactionsfor2021andtheProposaltoRenewtheAppointment |
2.ExtraordinaryGeneralMeetingsConvenedattheRequestofPreferenceShareholderswithResumedVotingRights
□Applicable√Notapplicable
IIChangesinDirectors,SupervisorsandSeniorManagement
□Applicable√NotapplicableThedirectors,supervisorsandseniormanagementoftheCompanyremainedthesameduringtheReportingPeriod.Fortheirinformation,seethe2020AnnualReport.IIIInterimDividendPlan
□Applicable√NotapplicableTheCompanyhasnointerimdividendplan,eitherintheformofcashorstock.IVEquityIncentivePlans,EmployeeStockOwnershipPlansorOtherIncentiveMeasuresforEmployees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartVEnvironmentalandSocialResponsibility
IMajorEnvironmentalIssues
IndicatebytickmarkwhethertheCompanyoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
□Yes√NoAdministrativepenaltiesimposedforenvironmentalissuesduringtheReportingPeriod
| Nameofthecompanyorsubsidiarycompany | Penaltyreason | Violationsituation | Penaltyresult | Impactontheproductionandoperationofthelistedcompanies | RemediationmeasuresoftheCompany |
| None | None | None | None | None | None |
OtherenvironmentalinformationdisclosedwithreferencetokeyemissionunitsTheCompanyattachesgreatimportancetoenvironmentalprotectionandstrictlyimplementsrelevantlawsandregulations.DuringtheReportingPeriod,nomajorenvironmentalviolationsoccurredandnoadministrativepenaltieswereimposedonenvironmentalprotection.ReasonsfornotdisclosingotherenvironmentalinformationNeithertheCompanynoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
IISocialResponsibility(I)VisitingtheseriouslyillemployeesindifficultyInordertoensurethattheGroup'sPartymembersinneedandemployeesinneedhaveawarmandpeacefulSpringFestival,onJanuary29,thePartyCommitteeoftheGroupcarriedoutasymposiumtoextendregardstotheemployeesinneedbeforetheSpringFestival.LiuShengxiang,SecretaryofthePartyCommitteeoftheGroupandChairmanoftheGroup,WangHangjun,DeputySecretaryofthePartyCommitteeoftheGroupandGeneralManageroftheGroup,WeiXiaodong,DeputySecretaryofthePartyCommitteeoftheGroupandChairmanoftheLaborUnionoftheGroup,andotherleadersbroughtgiftsandmoneytorepresentativesofPartymembersandemployeesinneed,withatotalamountofaboutRMB102,000.Atthesymposium,theleaderstalkedwiththerepresentativesoftheemployeesinneed,learnedtheirlivingconditionsandpracticaldifficultiesindetail,listenedtotheiropinions,encouragedthemtomaintainanoptimisticattitude,facedifficultiesandlifepositively,andestablishconfidencetoovercomedifficulties.LiuShengxiang,SecretaryofthePartyCommitteeoftheGroupandChairmanoftheGroup,introducedtheachievementsoftheGroupin2020andthestrategicplanofthe14thFive-YearPlan,andaffirmedthepositivecontributionmadebyallofthemtothedevelopmentoftheGroupbyperformingtheirdutiesbasedontheirpositionsandovercomingdifficulties.HestressedthattheGroupshouldactivelybuildaharmoniousenterpriseintheprocessofdevelopment,timelyunderstandthelivingconditionsofemployeesinneed,maptheirpracticaldifficulties,andtrytheirbesttosolvetheirproblems,sothattheycaneffectivelyfeelthewarmthoftheenterprisefamily.(II)Conductingblooddonationactivitiestocelebratethe100thanniversaryofthefoundingoftheCommunistPartyofChinaOnJune29,the10th"RedFlag,RedAction"blooddonationactivitywasjointlyorganizedbyShenzhenBloodCenter,thejointParty
branchofGuomaomeiLifeServiceandShenzhenInternationalTradeCenterBuildingandthePartyCommitteeofLuohuBranchofBankofChinaShenzhenBranch.Partymembers,membersofChineseCommunistYouthLeague,volunteersandcitizensrespondedpositivelyandenthusiasticallyparticipatedinblooddonationtocelebratethe100thanniversaryofthefoundingoftheParty.Inaccordancewiththerequirementsofpandemicpreventionandcontrol,theblooddonationactivityadoptedtheapproachofblooddonationindifferenttimeslotstoensurethediversionofpersonnel.Withtheassistanceofmedicalstaffandvolunteers,blooddonorsorderlycarriedoutpreparatoryworksuchasregistrationandfilling,vaccinationinquiry,bloodpressuremeasurementandbloodcollectionandtesting.Amongtheblooddonorswerebothlong-timedonorsandfirst-timedonors,aswellasthosewhohadparticipatedinpreviouseventsandhaddrivendozensofkilometerstoattendtheactivity.Onthedayoftheactivity,therewere124blooddonors,108ofwhomsuccessfullydonatedatotalof39,150mlofblood.ThePartyCommitteeofGuomaomeiLifeServiceinsistsoncarryingoutthePartybuildingactivitiesthemedwith"RedFlag,RedAction"everyyeartocommemoratethebirthdayofthePartyandletthePartymembersvolunteertoplayanexemplaryrole,whichhasreceivedpositiveresponsesfromtheownersandtenantsofShenzhenInternationalTradeCenterBuilding,theRenminnanCommercialArea,thePartyorganizationsatalllevelsoftheJiabeiCommunityworkstationandpeoplefromallwalksoflife,andhasbecomeaPartybuildingprojectwiththecharacteristicsof"thesecretarytakeschargeoftheproject,thebranchcreatesitsbrand,andthePartymembersplaytheexemplaryrole".Theactivityhasbeenheldcontinuouslyfortenyears,andover800peoplehaveparticipatedintheblooddonationovertheyears,withthetotalamountofblooddonatedexceeding300,000ml.
PartVISignificantEvents
ICommitmentsoftheCompany’sDeFactoController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandOtherEntitiesFulfilledintheReportingPeriodorOngoingatthePeriod-End
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IIOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IIIIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
IVEngagementandDisengagementofIndependentAuditor
Aretheinterimfinancialstatementsaudited?
□Yes√NoThisInterimReportisunaudited.VExplanationsGivenbytheBoardofDirectorsandtheSupervisoryCommitteeRegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsoftheReportingPeriod
□Applicable√NotapplicableVIExplanationsGivenbytheBoardofDirectorsRegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsofLastYear
□Applicable√Notapplicable
VIIInsolvencyandReorganization
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
VIIILegalMatters
Significantlawsuitsandarbitrations:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.Otherlegalmatters:
√Applicable□Notapplicable
| Basicinformationonlawsuit(arbitration) | Amountinvolved(RMB’0,000) | Whetherthereareaccruedliabilities | Lawsuit(arbitration)progress | Lawsuit(arbitration)resultsandinfluences | Executionoflawsuit(arbitration)judgment | Dateofdisclosure | Disclosureindex |
| FengShuipingandotherssuedtheSecondConstructionCo.,Ltd.ofChinaConstructionThirdEngineeringBureauandSZPRDforenvironmentalpollutionliabilitydispute(180casesintotal) | 815.4 | No | Thesecondtrialhasbeendecided(final) | TheCompanyisnotliableforanycompensation | Noimplementationrequired | ||
| ArbitrationcaseofpropertyservicecontractofsubordinateHigh-techZonepropertymanagementcompany | 3,230.1 | No | Thearbitrationhasbeenheardandiscurrentlyinthejudicialauditstage,pendingadditionalevidentiaryinformationandasecondhearing | Noruling | Noimplementationrequired | ||
| Arbitrationcaseofproperty | 1,139.6 | No | Thearbitration | Noruling | Noimplementatio |
| servicecontractofsubordinateITCTechnologyParkHi-techZoneBranch | hasbeenheardandiscurrentlyinthejudicialauditstage,pendingadditionalevidentiaryinformationandasecondhearing | nrequired | |||
| Summaryofothercontractlitigationdisputes | 354.5 | SeeChapterXII,FinancialReportingXIV,Part2 | SeeChapterXII,FinancialReportingXIV,Part2 | SeeChapterXII,FinancialReportingXIV,Part2 | SeeChapterXII,FinancialReportingXIV,Part2 |
IXPunishmentsandRectifications
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XCreditQualityoftheCompanyaswellasitsControllingShareholderandDeFactoController
□Applicable√Notapplicable
XIMajorRelated-PartyTransactions
1.ContinuingRelated-PartyTransactions
√Applicable□Notapplicable
| Relatedparty | RelationshipwiththeCompany | Typeoftransaction | Specifictransaction | Pricingprinciple | Transactionprice | Totalvalue(RMB’0,000) | As%oftotalvalueofallsame-typetransactions | Approvedtransactionline(RMB’0,000) | Overtheapprovedlineornot | Methodofsettlement | Obtainablemarketpriceforsame-typetransactions | Disclosuredate | Indextodisclosedinformation |
| Shenz | Wholl | Relate | Prope | Marke | Agree | 2,850. | 5.26% | 5,500 | Not | Cash | 2,850. | 31 | See |
| henBayTechnologyDevelopmentCo.,Ltd. | y-ownedsubsidiaryoftheCompanyastheparent | d-partytransactionsgoverningsalesofcommodityandprovidingoflabors | rtymanagementservices | tprinciple | mentprice | 29 | 29 | March2021 | note | ||||
| ShenzhenShentouRealEstateDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningsalesofcommodityandprovidingoflabors | Propertymanagemententrustment | Marketprinciple | Agreementprice | 3,124.52 | 30.62% | 5,790 | Not | Cash | 3124.52 | 31March2021 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningpurchaseofcommodityandprovidingof | Managementservices | Marketprinciple | Agreementprice | 3,689.88 | 8.17% | 8,000 | Not | Cash | 3689.88 | 31March2021 |
| labors | ||||||||||||
| Total | -- | -- | 9,664.69 | -- | 19,290 | -- | -- | -- | -- | -- | ||
| Large-amountsalesreturnindetail | N/A | |||||||||||
| GivetheactualsituationintheReportingPeriod(ifany)whereanestimatehadbeenmadeforthetotalvalueofcontinuingrelated-partytransactionsbytypetooccurintheReportingPeriod | Thetotalamountofcontinuingrelated-partytransactionsoftheCompanyin2021isexpectedtobeRMB214.68million,andactualtotalamountofcontinuingrelated-partytransactionsisRMB105.2687millioninH12021,lowerthantheapprovedline. | |||||||||||
| Reasonforanysignificantdifferencebetweenthetransactionpriceandthemarketreferenceprice(ifapplicable) | N/A | |||||||||||
Note:Forfurtherinformation,seetheAnnouncementNo.2021-11ontheExpectedContinuingRelated-partyTransactionsfor2021disclosedbytheCompanyonwww.cninfo.com.cndated31March2021.
2.Related-PartyTransactionsRegardingPurchaseorDisposalofAssetsorEquityInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
3.Related-PartyTransactionsRegardingJointInvestmentsinThirdParties
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
4.CreditsandLiabilitieswithRelatedParties
√Applicable□NotapplicableIndicatebytickmarkwhethertherewereanycreditsandliabilitieswithrelatedpartiesfornon-operatingpurposes.
√Yes□NoAmountsduefromrelatedparties:
| Relatedparty | RelationshipwiththeCompany | Reason | Capitaloccupationfornon-operatingpurposes(yes/no) | Beginningbalance(RMB’0,000) | Amountnewlyaddedincurrentperiod(RMB’0,000) | Amountreceivedincurrentperiod(RMB’0,000) | Interestrate | Currentinterest(RMB’0,000) | Endingbalance(RMB’0,000) |
| Shenzhen | The | Business | No | 40,150 | 0 | 40,150 |
| XinhaiHoldingsCo.,Ltd. | parentcompanyofthesubsidiaryRongyaoRealEstate’sminorityshareholderXinhaiRongyao | circulatingfundsbeforeacquisition | ||||
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | MinorityshareholderofthesubsidiaryRongyaoRealEstate | Businesscirculatingfundsbeforeacquisition | No | 33,047.29 | 33,047.29 | |
| InfluenceontheCompany’soperatingresultsandfinancialcondition | AllwerewithintheriskscontroloftheCompanyandnotinfluencedtheoperatingresultsandthefinancialconditions. | |||||
Amountsduetorelatedparties:
| Relatedparty | RelationwiththeCompany | Formationreason | Beginningbalance(RMB’0,000) | Amountnewlyaddedincurrentperiod(RMB’0,000) | Amountreturnedincurrentperiod(RMB’0,000) | Interestrate | Currentinterest(RMB’0,000) | Endingbalance(RMB’0,000) |
| ShenzhenJifaWarehouseCo.,Ltd. | Jointventure | Currentaccount | 3,579.67 | 300 | 3,879.67 | |||
| ShenzhenTian’anInternationalBuildingPropertyManagementCo.,Ltd. | Jointventure | Currentaccount | 521.43 | 521.43 | ||||
| InfluenceontheCompany’soperatingresultsandfinancial | AllwerewithintheriskscontroloftheCompanyandnotinfluencedtheoperatingresultsandthefinancialconditions. | |||||||
5.TransactionswithRelatedFinanceCompaniesorFinanceCompaniesControlledbytheCompany
□Applicable√NotapplicableTheCompanydidnotmakedepositsin,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedfinancecompany,financecompanycontrolledbytheCompanyoranyotherrelatedparties.
6.OtherMajorRelated-PartyTransactions
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
XIIMajorContractsandExecutionthereof
1.Entrustment,ContractingandLeases
(1)Entrustment
√Applicable□NotapplicableAtthe22ndmeetingofthe9thsessionoftheBoardofDirectorsheldonMarch30,2021,theCompanyconsideredandpassedtheProposalonEntrustedOperationandManagementAgreementandConnectedTransactionwithRelatedParty,inwhichShenzhenSZPRDCommercialOperationCo.Ltd.,awholly-ownedsubsidiaryoftheCompany,andShenzhenShentouRealEstateDevelopmentCo.,Ltd,awholly-ownedsubsidiaryofSIHC,thecontrollingshareholder,enteredintotheEntrustedOperationandManagementAgreement,inwhichShenzhenInvestmentHoldingsCo.,Ltd.intendstotransferits81,775.57squaremetersofpropertiesentrustedbySIHCtothecommercialoperationcompanyforoperationandmanagement.Notransferofownershipofanyassetswilloccurinthistransaction,andthecommercialoperationcompanywillonlyprovidemanagementservicesandreceivemanagementfees.Fordetails,pleaserefertoNo.2021-13AnnouncementofEnteringintoEntrustedOperationandManagementAgreementandConnectedTransaction"disclosedbytheCompanyonCninfo(www.cninfo.com.cn)onMarch31,2021.ProjectswhoseprofitsandlossesfortheCompanyreachedmorethan10%ofthetotalprofitsduringtheReportingPeriod:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(2)Contracting
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(3)Leases
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.Majorguarantees
√Applicable□Notapplicable
Unit:RMB'0,000
| GuaranteesprovidedbytheCompanyastheparentanditssubsidiariesforexternalparties(exclusiveofthoseforsubsidiaries) | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| GuaranteesprovidedbytheCompanyforitssubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 18October2019 | 500,000 | 27November2019 | 299,970 | Joint-liability | EquityinterestsinRongyao | N/A | 2019.11.27-2024.11.20 | No | Yes |
| TotalapprovedlineforsuchguaranteesintheReportingPeriod(B1) | 0 | TotalactualamountofsuchguaranteesintheReportingPeriod(B2) | 0 | |||||||
| TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(B3) | 500,000 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(B4) | 299,970 | |||||||
| Guaranteesprovidedbetweensubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannounce | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyor |
| ment | not | |||||
| Totalguaranteeamount(totalofthethreekindsofguaranteesabove) | ||||||
| TotalguaranteelineapprovedintheReportingPeriod(A1+B1+C1) | 0 | TotalactualguaranteeamountintheReportingPeriod(A2+B2+C2) | 0 | |||
| TotalapprovedguaranteelineattheendoftheReportingPeriod(A3+B3+C3) | 500,000 | TotalactualguaranteebalanceattheendoftheReportingPeriod(A4+B4+C4) | 299,970 | |||
| Totalactualguaranteeamount(A4+B4+C4)as%oftheCompany’snetassets | 72.12% | |||||
| Ofwhich: | ||||||
| Balanceofguaranteesprovidedforshareholders,actualcontrollerandtheirrelatedparties(D) | 0 | |||||
| Balanceofdebtguaranteesprovideddirectlyorindirectlyforobligorswithanover70%debt/assetratio(E) | 299,970 | |||||
| Amountbywhichthetotalguaranteeamountexceeds50%oftheCompany’snetassets(F) | 92,014 | |||||
| Totalofthethreeamountsabove(D+E+F) | 299,970 | |||||
Compoundguarantees:
3.CashEntrustedforWealthManagement
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
4.ContinuingMajorContracts
□Applicable√Notapplicable
5.OtherMajorContracts
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIIIOtherSignificantEvents
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.XIVSignificantEventsofSubsidiaries
□Applicable√Notapplicable
PartVIIShareChangesandShareholderInformationIShareChanges
1.ShareChanges
Unit:share
| Before | Increase/decreaseintheReportingPeriod(+/-) | After | |||||||
| Shares | Percentage(%) | Newissues | Sharesasdividendconvertedfromprofit | Sharesasdividendconvertedfromcapitalreserves | Other | Subtotal | Shares | Percentage(%) | |
| I.Restrictedshares | 1,898,306 | 0.32% | 1,898,306 | 0.32% | |||||
| 1.SharesheldbyState | 0 | 0.00% | 0 | 0.00% | |||||
| 2.Sharesheldbystate-ownedlegalperson | 3,326 | 0.00% | 3,326 | 0.00% | |||||
| 3.Sharesheldbyotherdomesticinvestors | 1,894,980 | 0.32% | 1,894,980 | 0.32% | |||||
| Amongwhich:Sharesheldbydomesticlegalperson | 1,894,980 | 0.32% | 1,894,980 | 0.32% | |||||
| Sharesheldbydomesticnaturalperson | 0 | 0.00% | 0 | 0.00% | |||||
| 4.Sharesheldbyforeigninvestors | 0 | 0.00% | 0 | 0.00% | |||||
| Amongwhich:Sharesheldbyforeignlegalperson | 0 | 0.00% | 0 | 0.00% | |||||
| Sharesheldbyforeignnaturalperson | 0 | 0.00% | 0 | 0.00% | |||||
| II.Unrestrictedshares | 594,080,786 | 99.68% | 594,080,786 | 99.68% | |||||
| 1.RMBcommonshares | 526,475,543 | 88.34% | 526,475,543 | 88.34% | |||||
| 2.Domesticallylistedforeignshares | 67,605,243 | 11.34% | 67,605,243 | 11.34% | |||||
| 3.Overseaslistedforeign | 0 | 0.00% | 0 | 0.00% | |||||
| shares | |||||
| 4.Others | 0 | 0.00% | 0 | 0.00% | |
| III.Totalshares | 595,979,092 | 100.00% | 595,979,092 | 100.00% |
Reasonsforsharechanges:
□Applicable√NotapplicableApprovalofsharechanges:
□Applicable√NotapplicableTransferofshareownership:
□Applicable√NotapplicableProgressonanysharerepurchases:
□Applicable√NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding:
□Applicable√NotapplicableEffectsofsharechangesonthebasicanddilutedearningspershare,equitypershareattributabletotheCompany’sordinaryshareholdersandotherfinancialindicatorsoftheprioryearandtheprioraccountingperiod,respectively:
□Applicable√NotapplicableOtherinformationthattheCompanyconsidersnecessaryorisrequiredbythesecuritiesregulatortobedisclosed:
√Applicable□NotapplicableDuringtheReportingPeriod,SIHC,thecontrollingshareholderoftheCompany,transferred38,037,890ordinarysharesoftheCompanyinunlimitedcirculation(representing6.382%ofthetotalsharecapitaloftheCompany)heldbySIHCtoShenzhenState-ownedEquityManagementCo.,Ltd.forfreetoreplenishthesocialsecurityfunds.ShenzhenState-ownedEquityManagementCo.,Ltd.isanewlyestablishedwholly-ownedsubsidiaryofSIHCtomanagethetransferredstate-ownedequityinaspecialaccount.Beforeandafterthetransferofequity,thecontrollingshareholderandactualcontrolleroftheCompanyremainedunchanged.Formoredetails,seetheSuggestiveAnnouncementontheFreeTransferofPartsofState-ownedEquityofControllingShareholderstoEnrichtheSocialSecurityFund(AnnouncementNo.2021-02)disclosedonJanuary29,2021.OnMarch15,thesharetransferregistrationproceduresfortheabove-mentionedtransferofstate-ownedsharesforfreewerecompleted.
2.ChangesinRestrictedShares
□Applicable√NotapplicableIIIssuanceandListingofSecurities
□Applicable√NotapplicableIIIShareholdersandTheirHoldingsasatthePeriod-End
Unit:share
| Totalnumberofordinaryshareholdersattheperiod-end | 51,397 | Totalnumberofpreferenceshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 |
| 5%orgreaterordinaryshareholdersorthetop10ordinaryshareholders | ||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage(%) | Totalsharesheldattheperiod-end | Increase/decreaseduringtheReportingPeriod | Numberofrestrictedsharesheld | Numberofnon-restrictedsharesheld | Pledged,markedorfrozenshares | |
| Status | Number | |||||||
| ShenzhenInvestmentHoldingsCorporation | State-ownedlegalperson | 50.57% | 301,414,637 | -38,037,890 | 3,326 | 301,411,311 | ||
| ShenzhenState-OwnedEquityOperationandManagementCo.,Ltd. | Domesticnon-state-ownedlegalperson | 6.38% | 38,037,890 | 38,037,890 | 0 | 38,037,890 | ||
| ChinaOrientAssetManagementCo.,Ltd. | State-ownedlegalperson | 3.90% | 23,236,400 | -6,561,900 | 0 | 23,236,400 | ||
| AgriculturalBankofChinaLimited–FullgoalValueAdvancedMixedSecuritiesInvestmentFund | Other | 0.55% | 3,250,089 | 3,250,089 | 0 | 3,250,089 | ||
| HongKongSecuritiesClearingCompanyLtd. | Foreignlegalperson | 0.34% | 1,996,770 | 121,947 | 0 | 1,996,770 | ||
| DuanShaoteng | Domesticnaturalperson | 0.29% | 1,755,565 | 137,000 | 0 | 1,755,565 | ||
| ShenzhenDuty-FreeCommodityEnterprisesCo.,Ltd. | Domesticnon-state-ownedlegalperson | 0.29% | 1,730,300 | 0 | 1,730,300 | 0 | ||
| BoseraFund-PICCLifeInsurance-TraditionalGeneralInsurance | Other | 0.29% | 1,715,700 | 1,715,700 | 0 | 1,715,700 | ||
| Portfolio-BoseraFund–A-StockMixedPortfolioSingleAssetManagementPlanofPICCLifeInsuranceCompanyLimited | ||||||||||
| ChinaConstructionBank-WanjiaSelectedMixedTypeSecuritiesInvestmentFund | Other | 0.27% | 1,581,089 | 598,789 | 0 | 1,581,089 | ||||
| YangYaochu | Domesticnaturalperson | 0.25% | 1,500,384 | 0 | 0 | 1,500,384 | ||||
| Strategicinvestororgenerallegalpersonbecomingatop-10ordinaryshareholderduetorightsissue(ifany) | N/A | |||||||||
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | Thelargestshareholder,ShenzhenInvestmentHoldingsCorporation,isthecontrollingshareholderoftheCompanyandShenzhenState-OwnedEquityOperationandManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. | |||||||||
| Explainifanyoftheshareholdersabovewasinvolvedinentrusting/beingentrustedwithvotingrightsorwaivingvotingrights | N/A | |||||||||
| Specialaccountforsharerepurchases(ifany)amongthetop10shareholders | N/A | |||||||||
| Top10unrestrictedshareholders | ||||||||||
| Nameofshareholder | Unrestrictedsharesheldattheperiod-end | Sharesbytype | ||||||||
| Type | Shares | |||||||||
| ShenzhenInvestmentHoldingsCorporation | 301,411,311 | RMBordinaryshare | 301,411,311 | |||||||
| ShenzhenState-OwnedEquityOperationandManagementCo.,Ltd. | 38,037,890 | RMBordinaryshare | 38,037,890 | |||||||
| ChinaOrientAssetManagementCo., | 23,236,400 | RMBordinary | 23,236,400 | |||||||
| Ltd. | share | |||
| AgriculturalBankofChinaLimited–FullgoalValueAdvancedMixedSecuritiesInvestmentFund | 3,250,089 | RMBordinaryshare | 3,250,089 | |
| HongKongSecuritiesClearingCompanyLtd. | 1,996,770 | RMBordinaryshare | 1,996,770 | |
| DuanShaoteng | 1,755,565 | RMBordinaryshare | 1,755,565 | |
| BoseraFund-PICCLifeInsurance-TraditionalGeneralInsurancePortfolio-BoseraFund–A-StockMixedPortfolioSingleAssetManagementPlanofPICCLifeInsuranceCompanyLimited | 1,715,700 | RMBordinaryshare | 1,715,700 | |
| ChinaConstructionBank-WanjiaSelectedMixedTypeSecuritiesInvestmentFund | 1,581,089 | RMBordinaryshare | 1,581,089 | |
| YangYaochu | 1,500,384 | Domesticallylistedforeignshare | 1,500,384 | |
| YanChangli | 1,278,676 | RMBordinaryshare | 1,278,676 | |
| Relatedoracting-in-concertpartiesamongtop10unrestrictedpublicshareholders,aswellasbetweentop10unrestrictedpublicshareholdersandtop10shareholders | Thelargestshareholder,ShenzhenInvestmentHoldingsCorporation,isthecontrollingshareholderoftheCompanyandShenzhenState-OwnedEquityOperationandManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. | |||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A | |||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.IVChangeinShareholdingsofDirectors,SupervisorsandSeniorManagement
□Applicable√NotapplicableTherewerenochangesinshareholdingsofdirectors,supervisors,andseniormanagementintheReportingPeriod.Fordetails,seethe2020AnnualReport.
VChangeoftheControllingShareholderortheDeFactoController
ChangeofthecontrollingshareholderintheReportingPeriod
□Applicable√NotapplicableThecontrollingshareholderremainedthesameintheReportingPeriod.ChangeofthedefactocontrollerintheReportingPeriod
□Applicable√NotapplicableThedefactocontrollerremainedthesameintheReportingPeriod.
PartVIIIPreferenceShares
□Applicable√NotapplicableNopreferencesharesintheReportingPeriod.
PartIXBonds
□Applicable√Notapplicable
PartXFinancialStatementsI.Auditor’sReportWhethertheinterimreporthasbeenaudited?
□Yes√NoTheinterimreportoftheCompanyhasnotbeenaudited.IIFinancialStatementsCurrencyunitforthefinancialstatementsandthenotesthereto:RMB
1.ConsolidatedBalanceSheet
PreparedbyShenzhenProperties&ResourcesDevelopment(Group)Ltd.
30June2021
Unit:RMB
| Item | 30June2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 4,971,044,275.19 | 4,206,266,629.32 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 259,902,999.98 | 187,697,631.47 |
| Accountsreceivablefinancing | ||
| Prepayments | 76,289,066.66 | 50,543,422.85 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 803,760,748.21 | 789,050,350.51 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Financialassetspurchasedunderresaleagreements |
| Inventories | 5,289,628,100.91 | 5,312,489,258.20 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 46,905,197.98 | 48,991,965.92 |
| Totalcurrentassets | 11,447,530,388.93 | 10,595,039,258.27 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 48,928,703.96 | 45,710,220.79 |
| Investmentsinotherequityinstruments | 773,704.00 | 1,044,905.12 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 467,004,332.18 | 484,738,506.83 |
| Fixedassets | 108,878,082.57 | 116,233,936.04 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 12,757,538.12 | |
| Intangibleassets | 372,891.57 | 482,049.51 |
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | 18,031,872.52 | 11,862,716.14 |
| Deferredincometaxassets | 1,176,247,431.17 | 950,681,245.50 |
| Othernon-currentassets | 3,155,763.35 | 1,564,074.34 |
| Totalnon-currentassets | 1,836,150,319.44 | 1,612,317,654.27 |
| Totalassets | 13,283,680,708.37 | 12,207,356,912.54 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained |
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 365,584,409.13 | 468,269,685.65 |
| Advancesfromcustomers | 774,178.01 | 473,274.48 |
| Contractliabilities | 853,367,394.63 | 666,893,629.72 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 151,760,471.00 | 177,190,197.36 |
| Taxespayable | 2,996,938,696.81 | 2,487,212,979.37 |
| Otherpayables | 910,365,884.66 | 847,142,613.09 |
| Including:Interestpayable | ||
| Dividendspayable | 12,202,676.04 | 12,202,676.04 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 67,002,418.07 | 36,722,824.88 |
| Othercurrentliabilities | 53,141,477.75 | 43,354,691.51 |
| Totalcurrentliabilities | 5,398,934,930.06 | 4,727,259,896.06 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 3,556,900,000.00 | 3,587,800,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 13,025,535.53 | |
| Long-termpayables |
| Long-termemployeebenefitspayable | ||
| Provisions | 2,396,947.00 | 2,396,947.00 |
| Deferredincome | ||
| Deferredincometaxliabilities | 262.20 | 262.20 |
| Othernon-currentliabilities | 107,705,623.13 | 108,778,327.45 |
| Totalnon-currentliabilities | 3,680,028,367.86 | 3,698,975,536.65 |
| Totalliabilities | 9,078,963,297.92 | 8,426,235,432.71 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 80,488,045.38 | 80,488,045.38 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -7,568,287.02 | -6,749,589.41 |
| Specificreserve | ||
| Surplusreserves | 19,205,979.63 | 19,205,979.63 |
| Generalreserve | ||
| Retainedearnings | 3,471,018,008.46 | 3,038,993,912.43 |
| TotalequityattributabletoownersoftheCompanyastheparent | 4,159,122,838.45 | 3,727,917,440.03 |
| Non-controllinginterests | 45,594,572.00 | 53,204,039.80 |
| Totalowners’equity | 4,204,717,410.45 | 3,781,121,479.83 |
| Totalliabilitiesandowners’equity | 13,283,680,708.37 | 12,207,356,912.54 |
Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 30June2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 4,143,883,323.31 | 3,216,703,036.69 |
| Held-for-tradingfinancialassets |
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 4,016,091.60 | 2,624,500.42 |
| Accountsreceivablefinancing | ||
| Prepayments | ||
| Otherreceivables | 151,322,779.82 | 145,325,697.20 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Inventories | 672,995,461.91 | 653,885,107.24 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 707,120.69 | 496,729.09 |
| Totalcurrentassets | 4,972,924,777.33 | 4,019,035,070.64 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 1,074,394,584.35 | 1,071,176,101.18 |
| Investmentsinotherequityinstruments | 1,004,204.00 | 1,275,405.12 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 293,970,461.86 | 303,827,356.62 |
| Fixedassets | 45,039,336.62 | 51,091,963.72 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 571,634.82 | |
| Intangibleassets | ||
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | 345,951.87 | 432,440.01 |
| Deferredincometaxassets | 234,028,529.09 | 252,331,518.26 |
| Othernon-currentassets | 1,472,158,735.58 | 1,197,407,234.55 |
| Totalnon-currentassets | 3,121,513,438.19 | 2,877,542,019.46 |
| Totalassets | 8,094,438,215.52 | 6,896,577,090.10 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 40,598,549.34 | 55,887,947.36 |
| Advancesfromcustomers | ||
| Contractliabilities | ||
| Employeebenefitspayable | 37,792,796.89 | 50,710,148.02 |
| Taxespayable | 6,595,622.40 | 3,736,082.67 |
| Otherpayables | 5,360,767,700.92 | 3,971,988,862.11 |
| Including:Interestpayable | ||
| Dividendspayable | 29,642.40 | 29,642.40 |
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 62,302,868.06 | 31,573,154.86 |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 5,508,057,537.61 | 4,113,896,195.02 |
| Non-currentliabilities: | ||
| Long-termborrowings | 557,400,000.00 | 588,200,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 581,842.65 | |
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | ||
| Deferredincome | ||
| Deferredincometaxliabilities | ||
| Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 |
| Totalnon-currentliabilities | 597,981,842.65 | 628,200,000.00 |
| Totalliabilities | 6,106,039,380.26 | 4,742,096,195.02 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 53,876,380.11 | 53,876,380.11 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -2,810,709.64 | -2,545,451.19 |
| Specificreserve | ||
| Surplusreserves | 19,205,979.63 | 19,205,979.63 |
| Retainedearnings | 1,322,148,093.16 | 1,487,964,894.53 |
| Totalowners’equity | 1,988,398,835.26 | 2,154,480,895.08 |
| Totalliabilitiesandowners’equity | 8,094,438,215.52 | 6,896,577,090.10 |
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | H12021 | H12020 |
| 1.Revenue | 2,540,865,139.25 | 1,421,077,767.83 |
| Including:Operatingrevenue | 2,540,865,139.25 | 1,421,077,767.83 |
| Interestincome | ||
| Insurancepremiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 1,684,718,695.80 | 1,159,861,807.33 |
| Including:Costofsales | 754,285,026.24 | 611,694,943.80 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicy |
| dividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 813,982,050.89 | 394,743,480.61 |
| Sellingexpense | 10,417,216.57 | 11,544,060.19 |
| Administrativeexpense | 104,914,523.61 | 88,433,004.35 |
| R&Dexpense | ||
| Financecosts | 1,119,878.49 | 53,446,318.38 |
| Including:Interestexpense | 38,497,817.45 | 84,859,496.80 |
| Interestincome | 38,205,027.20 | 31,227,361.24 |
| Add:Otherincome | 2,403,691.80 | 2,921,993.51 |
| Returnoninvestment(“-”forloss) | 3,218,483.17 | 157,061.79 |
| Including:Shareofprofitorlossofjointventuresandassociates | 3,218,483.17 | 157,061.79 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -6,797,536.40 | 1,115,927.46 |
| Assetimpairmentloss(“-”forloss) | -33,715.66 | 1,832.91 |
| Assetdisposalincome(“-”forloss) | ||
| 3.Operatingprofit(“-”forloss) | 854,937,366.36 | 265,412,776.17 |
| Add:Non-operatingincome | 9,872,472.19 | 4,244,175.90 |
| Less:Non-operatingexpense | 1,940,268.55 | 2,399,487.70 |
| 4.Profitbeforetax(“-”forloss) | 862,869,570.00 | 267,257,464.37 |
| Less:Incometaxexpense | 194,243,514.06 | 89,394,015.71 |
| 5.Netprofit(“-”fornetloss) | 668,626,055.94 | 177,863,448.66 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuing | 668,626,055.94 | 177,863,448.66 |
| operations(“-”fornetloss) | ||
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 676,375,523.75 | 211,967,734.76 |
| 5.2.1Netprofitattributabletonon-controllinginterests | -7,749,467.81 | -34,104,286.10 |
| 6.Othercomprehensiveincome,netoftax | -818,697.61 | 576,865.34 |
| AttributabletoownersoftheCompanyastheparent | -818,697.61 | 576,865.34 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -265,258.45 | -455,146.16 |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -265,258.45 | -455,146.16 |
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -553,439.16 | 1,032,011.50 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeign | -553,439.16 | 1,032,011.50 |
| currency-denominatedfinancialstatements | ||
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | ||
| 7.Totalcomprehensiveincome | 667,807,358.33 | 178,440,314.00 |
| AttributabletoownersoftheCompanyastheparent | 675,556,826.14 | 212,544,600.10 |
| Attributabletonon-controllinginterests | -7,749,467.81 | -34,104,286.10 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 1.1349 | 0.3557 |
| 8.2Dilutedearningspershare | 1.1349 | 0.3557 |
WherebusinesscombinationsundercommoncontroloccurredintheCurrentPeriod,thenetprofitachievedbytheacquireesbeforethecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | H12021 | H12020 |
| 1.Operatingrevenue | 42,300,895.35 | 25,828,330.02 |
| Less:Costofsales | 18,650,836.30 | 15,835,977.53 |
| Taxesandsurcharges | 3,067,936.60 | 6,073,285.87 |
| Sellingexpense | 427,076.97 | 596,897.00 |
| Administrativeexpense | 35,663,070.91 | 31,193,084.64 |
| R&Dexpense | ||
| Financecosts | -18,675,114.65 | -27,995,222.26 |
| Including:Interestexpense | 12,722,639.32 | 3,075,551.11 |
| Interestincome | -32,650,270.94 | -29,309,100.65 |
| Add:Otherincome | 102,972.08 | |
| Returnoninvestment(“-”forloss) | 63,037,324.89 | 62,573,990.52 |
| Including:Shareofprofitorlossofjointventuresandassociates | 3,218,483.17 | 157,061.79 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -279,188.00 | 86,608.96 |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | ||
| 2.Operatingprofit(“-”forloss) | 66,028,198.19 | 62,784,906.72 |
| Add:Non-operatingincome | 7,173,820.40 | 536,196.80 |
| Less:Non-operatingexpense | 269.72 | 2,138,000.00 |
| 3.Profitbeforetax(“-”forloss) | 73,201,748.87 | 61,183,103.52 |
| Less:Incometaxexpense | -5,332,877.48 | 36,318,902.50 |
| 4.Netprofit(“-”fornetloss) | 78,534,626.35 | 24,864,201.02 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 78,534,626.35 | 24,864,201.02 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | -265,258.45 | -455,146.16 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | -265,258.45 | -455,146.16 |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -265,258.45 | -455,146.16 |
| 5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 5.1.5Other |
| 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 | 78,269,367.90 | 24,409,054.86 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.1318 | 0.0417 |
| 7.2Dilutedearningspershare | 0.1318 | 0.0417 |
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | H12021 | H12020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 2,802,854,649.31 | 1,233,830,460.59 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts |
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 27,937,190.49 | 11,517,514.19 |
| Cashgeneratedfromotheroperatingactivities | 162,625,100.47 | 333,720,016.38 |
| Subtotalofcashgeneratedfromoperatingactivities | 2,993,416,940.27 | 1,579,067,991.16 |
| Paymentsforcommoditiesandservices | 531,366,744.46 | 879,596,446.23 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 360,587,894.53 | 330,739,905.05 |
| Taxespaid | 889,369,176.15 | 1,900,688,223.09 |
| Cashusedinotheroperatingactivities | 74,522,344.40 | 91,225,555.69 |
| Subtotalofcashusedinoperatingactivities | 1,855,846,159.54 | 3,202,250,130.06 |
| Netcashgeneratedfrom/usedinoperatingactivities | 1,137,570,780.73 | -1,623,182,138.90 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment |
| Returnoninvestment | ||
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 26,112.57 | 4,408.08 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 26,112.57 | 4,408.08 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 12,894,532.84 | 16,277,097.63 |
| Paymentsforinvestments | ||
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 465,807,569.82 | |
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 12,894,532.84 | 482,084,667.45 |
| Netcashgeneratedfrom/usedininvestingactivities | -12,868,420.27 | -482,080,259.37 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 140,000.00 | 840,000.00 |
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 140,000.00 | 840,000.00 |
| Borrowingsraised | 2,172,000,000.00 | |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 140,000.00 | 2,172,840,000.00 |
| Repaymentofborrowings | 100,000.00 | 1,033,000.00 |
| Interestanddividendspaid | 339,037,821.33 | 296,891,168.14 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
| Cashusedinotherfinancingactivities |
| Subtotalofcashusedinfinancingactivities | 339,137,821.33 | 297,924,168.14 |
| Netcashgeneratedfrom/usedinfinancingactivities | -338,997,821.33 | 1,874,915,831.86 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | -569,806.99 | 1,071,103.91 |
| 5.Netincreaseincashandcashequivalents | 785,134,732.14 | -229,275,462.50 |
| Add:Cashandcashequivalents,beginningoftheperiod | 4,168,154,911.83 | 3,285,345,233.47 |
| 6.Cashandcashequivalents,endoftheperiod | 4,953,289,643.97 | 3,056,069,770.97 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | H12021 | H12020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 32,652,425.50 | 16,901,714.03 |
| Taxrebates | 23,635,866.65 | |
| Cashgeneratedfromotheroperatingactivities | 1,569,362,437.20 | 1,354,954,984.16 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,625,650,729.35 | 1,371,856,698.19 |
| Paymentsforcommoditiesandservices | 40,183,727.21 | 34,769,898.91 |
| Cashpaidtoandforemployees | 30,961,214.02 | 22,444,977.67 |
| Taxespaid | 8,196,879.55 | 1,278,080,688.35 |
| Cashusedinotheroperatingactivities | 125,972,788.21 | 831,802,326.79 |
| Subtotalofcashusedinoperatingactivities | 205,314,608.99 | 2,167,097,891.72 |
| Netcashgeneratedfrom/usedinoperatingactivities | 1,420,336,120.36 | -795,241,193.53 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 565,000,000.00 | |
| Returnoninvestment | ||
| Netproceedsfromthedisposaloffixedassets,intangibleassetsand | 2,344.57 | 3,955.86 |
| otherlong-livedassets | ||
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 2,344.57 | 565,003,955.86 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 6,654,920.76 | 14,226,899.52 |
| Paymentsforinvestments | 209,000,000.00 | |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 465,807,569.82 | |
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 215,654,920.76 | 480,034,469.34 |
| Netcashgeneratedfrom/usedininvestingactivities | -215,652,576.19 | 84,969,486.52 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsraised | 616,000,000.00 | |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 616,000,000.00 | |
| Repaymentofborrowings | ||
| Interestanddividendspaid | 257,143,626.33 | 216,929,035.34 |
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 257,143,626.33 | 216,929,035.34 |
| Netcashgeneratedfrom/usedinfinancingactivities | -257,143,626.33 | 399,070,964.66 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | -2,544.95 | 4,949.10 |
| 5.Netincreaseincashandcashequivalents | 947,537,372.89 | -311,195,793.25 |
| Add:Cashandcashequivalents,beginningoftheperiod | 3,190,160,215.19 | 2,450,935,673.17 |
| 6.Cashandcashequivalents,endof | 4,137,697,588.08 | 2,139,739,879.92 |
7.ConsolidatedStatementsofChangesinOwners’Equity
H12021
Unit:RMB
theperiod
Item
| 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 | |||||||||||||||
| Otheradjustments | |||||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodofthe | 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 | |||||||
| year | ||||||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -818,697.61 | 432,024,096.03 | 431,205,398.42 | -7,609,467.80 | 423,595,930.62 | |||
| 3.1Totalcomprehensiveincome | -818,697.61 | 676,375,523.75 | 675,556,826.14 | -7,749,467.80 | 667,807,358.34 | |||
| 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 | -244,351,427.72 | -244,351,427.72 | -244,351,427.72 | |||||
| 3.3.1Appropriationtosurplusreserves | ||||||||
| 3.3.2Appropriation |
| togeneralreserve | ||||||
| 3.3.3Appropriationtoowners(orshareholders) | -244,351,427.72 | -244,351,427.72 | -244,351,427.72 | |||
| 3.3.4Other | ||||||
| 3.4Transferswithinowners’equity | ||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||
| 3.4.3Lossoffsetbysurplusreserves | ||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings |
| 3.4.6Other | |||||||||||||
| 3.5Specificreserve | |||||||||||||
| 3.5.1Increaseintheperiod | |||||||||||||
| 3.5.2Usedintheperiod | |||||||||||||
| 3.6Other | |||||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 80,488,045.38 | -7,568,287.02 | 19,205,979.63 | 3,471,018,008.46 | 4,159,122,838.45 | 45,594,572.00 | 4,204,717,410.45 |
H12020
Unit:RMB
| Item | H12020 | ||||||||||||||
| 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 | -2,698,371.44 | 17,060,448.05 | 2,457,119,795.39 | 3,147,949,009.38 | 118,618,291.81 | 3,266,567,301.19 | |||||||
| Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
| Adjustment | |||||||||||||||
| forcorrectionofpreviouserror | |||||||||||||
| Adjustmentforbusinesscombinationundercommoncontrol | |||||||||||||
| Otheradjustments | |||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 595,979,092.00 | 80,488,045.38 | -2,698,371.44 | 17,060,448.05 | 2,457,119,795.39 | 3,147,949,009.38 | 118,618,291.81 | 3,266,567,301.19 | |||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | 576,865.34 | -2,584,738.36 | -2,007,873.02 | -33,264,286.10 | -35,272,159.12 | ||||||||
| 3.1Totalcomprehensiveincome | 576,865.34 | 211,967,734.76 | 212,544,600.10 | -34,104,286.10 | 178,440,314.00 | ||||||||
| 3.2Capitalincreasedandreducedbyowners | 840,000.00 | 840,000.00 | |||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | 840,000.00 | 840,000.00 | |||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | |||||||||||||
| 3.2.3Share-based |
| paymentsincludedinowners’equity | ||||||
| 3.2.4Other | ||||||
| 3.3Profitdistribution | -214,552,473.12 | -214,552,473.12 | -214,552,473.12 | |||
| 3.3.1Appropriationtosurplusreserves | ||||||
| 3.3.2Appropriationtogeneralreserve | ||||||
| 3.3.3Appropriationtoowners(orshareholders) | -214,552,473.12 | -214,552,473.12 | -214,552,473.12 | |||
| 3.3.4Other | ||||||
| 3.4Transferswithinowners’equity | ||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||
| 3.4.3Lossoffset |
| bysurplusreserves | |||||||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | |||||||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | |||||||||||||
| 3.4.6Other | |||||||||||||
| 3.5Specificreserve | |||||||||||||
| 3.5.1Increaseintheperiod | |||||||||||||
| 3.5.2Usedintheperiod | |||||||||||||
| 3.6Other | |||||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 80,488,045.38 | -2,121,506.10 | 17,060,448.05 | 2,454,535,057.03 | 3,145,941,136.36 | 85,354,005.71 | 3,231,295,142.07 |
8.StatementsofChangesinOwners’EquityoftheCompanyastheParent
H12021
Unit:RMB
| Item | H12021 | |||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserv | Less:Treasury | Othercomprehensi | Specificreserv | Surplusreserv | Retainedearni | Other | Totalowners’equity | |||
| Prefe | Perp | Othe | ||||||||||
| rredshares | etualbonds | r | es | stock | veincome | e | es | ngs | ||||
| 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 | ||||||||||||
| 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 | ||||||||||||
| 3.2.2 |
| Capitalincreasedbyholdersofotherequityinstruments | ||||
| 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(orsharecapital)fromcapitalreserves | ||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplus |
| reserves | ||||||||||
| 3.4.3Lossoffsetbysurplusreserves | ||||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
| 3.4.6Other | ||||||||||
| 3.5Specificreserve | ||||||||||
| 3.5.1Increaseintheperiod | ||||||||||
| 3.5.2Usedintheperiod | ||||||||||
| 3.6Other | ||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 53,876,380.11 | -2,810,709.64 | 19,205,979.63 | 1,322,148,093.16 | 1,988,398,835.26 |
H12020
Unit:RMB
| Item | H12020 | |||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
| Preferred | Perpetualbon | Other | ||||||||||
| shares | ds | |||||||||||
| 1.BalanceasattheendoftheReportingPeriodoftheprioryear | 595,979,092.00 | 53,876,380.11 | -2,051,268.24 | 16,403,637.61 | 1,677,296,289.46 | 2,341,504,130.94 | ||||||
| Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
| Adjustmentforcorrectionofpreviouserror | ||||||||||||
| Otheradjustments | ||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 595,979,092.00 | 53,876,380.11 | -2,051,268.24 | 16,403,637.61 | 1,677,296,289.46 | 2,341,504,130.94 | ||||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -455,146.16 | -189,688,272.10 | -190,143,418.26 | |||||||||
| 3.1Totalcomprehensiveincome | -455,146.16 | 24,864,201.02 | 24,409,054.86 | |||||||||
| 3.2Capitalincreasedandreducedbyowners | ||||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||||||||
| 3.2.2Capitalincreasedby |
| holdersofotherequityinstruments | ||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||
| 3.2.4Other | ||||
| 3.3Profitdistribution | -214,552,473.12 | -214,552,473.12 | ||
| 3.3.1Appropriationtosurplusreserves | ||||
| 3.3.2Appropriationtoowners(orshareholders) | -214,552,473.12 | -214,552,473.12 | ||
| 3.3.3Other | ||||
| 3.4Transferswithinowners’equity | ||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||
| 3.4.3Lossoffset |
| bysurplusreserves | ||||||||||
| 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 | -2,506,414.40 | 16,403,637.61 | 1,487,608,017.36 | 2,151,360,712.68 |
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.Thefinancialstatementswereapprovedandauthorizedforissuebythe24
thMeetingofthe9
thBoardofDirectorsoftheCompanyon27August2021.TheconsolidationscopeoftheCompany’sconsolidatedfinancialstatementswasdeterminedbasedonthecontrol.Therewere47subsidiariesincludingShenzhenHuangchengRealEstateCo.,Ltd.,DongguanGuomaoChangshengRealEstateDevelopmentCo.,Ltd.,ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.includedintheconsolidationfinancialstatementsinthisreport.PleaserefertotheNoteVIIIandNoteIXofthefinancialreportfordetails.
IVBasisforPreparationofFinancialStatements
1.PreparationBasis
Basedonthecontinuingoperation,thefinancialstatementsoftheCompanyarepreparedinaccordancewiththeactualtransactions,governingprovisionsoftheAccountingStandardsforBusinessEnterprisesandthefollowingmajoraccountingpoliciesandestimates.
2.Continuation
Therewasnosuchcasewherethesustainableoperationabilitywithin12monthssincetheendoftheReportingPeriodwashighlydoubted.
V.ImportantAccountingPoliciesandEstimationsIndicationofspecificaccountingpoliciesandestimations:
RefertothisPart:
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,otherbusinessesrunbytheCompanyhaverelativelyshortoperatingcyclesaccordingtothe
classificationstandardof12-month’sliquidityofassetsandliabilities.Theoperatingcycleoftherealestateindustryshallbegenerallymorethan12monthsfromrealestatedevelopmenttocashthesales.Thespecificcycleshallbedeterminedbythedevelopmentprojectandclassifiedbytheassetsandliabilitiesliquidity.
4.StandardCurrencyofAccountsTheCompanyadoptsRenminbiasastandardcurrencyofaccounts.
5.AccountingProcessofBusinessCombinationsundertheSameControlandnotundertheSameControl
1.AccountingProcessofBusinessCombinationsundertheSameControlTheassetsandliabilitiesthattheCompanyobtainsinabusinesscombinationshallbemeasuredonthebasisoftheircarryingamountcombinedpartyintheconsolidatedfinancialstatementsofthefinalcontrolleronthecombiningdate.Asforthebalancebetweenthecarryingamountofcombinedparty’sownersequitiesintheconsolidatedfinancialstatementsofthefinalcontrollerandthecarryingamountoftheconsiderationpaidbyitorthetotalparvalueofthesharesissued),theadditionalpaid-incapitalshallbeadjusted.Iftheadditionalpaid-incapitalisnotsufficienttobeoffset,theretainedearningsshallbeadjusted.
2.AccountingProcessofBusinessCombinationsnotundertheSameControlTheCompanyshallrecognizethepositivebalancebetweenthecombinationcostsandthefairvalueoftheidentifiablenetassetsobtainedfromtheacquireeonpurchasedateasgoodwill.Ifthecombinationcostsarelessthanthefairvalueoftheidentifiablenetassetsobtainedfromtheacquire,theCompanyshallrecheckthevariousidentifiableassetsandliabilitiesobtainedfromtheacquire,fairvaluewithliabilities,andmeasurementofcombinationcosts.Ifthecombinationcostsarelessthanthefairvalueoftheidentifiablenetassetsobtainedfromtheacquireafterrecheck,theCompanyshalltherecordthebalanceintotheprofitandlossofthecurrentperiod.
6.MethodsforPreparingConsolidatedFinancialStatementsTheCompanyastheparentincludeditsallsubsidiariesintotheconsolidationscopeofconsolidatedfinancialstatements.BasedonthefinancialstatementsoftheCompanyastheparentanditssubsidiariesandotherrelatedmaterials,theconsolidatedfinancialstatementswerepreparedbytheCompanyastheparentaccordingtoAccountingStandardsforEnterprisesNo.33–ConsolidatedFinancialStatements.
7.ClassificationofJointarrangementsandAccountingTreatmentofJointOperations
1.Jointarrangementisclassifiedintojointoperationandjointventures.
2.WhentheCompanyisapartyofajointoperation,recognizethefollowingitemsrelatedtotheprofitsinthejointoperation:
(1)Recognizetheassetsheldindependently,andrecognizetheassetsheldjointlyintheholdingportion;
(2)Recognizetheliabilitiesborneindependently,andrecognizetheliabilitiesheldjointlyintheholdingportion;
(3)RecognizetherevenuegeneratedfromtheoutputportionofjointoperationsharedforsellingtheCompany;
(4)RecognizetherevenuegeneratedfromthesaleofassetsinjointoperationintheholdingportionoftheCompany;
(5)Recognizetheexpensesincurredindependently,andrecognizetheexpensesincurredinjointoperationintheholdingportionoftheCompany.
8.RecognitionStandardforCashandCashEquivalentsIntheCompany’sunderstanding,cashandcashequivalentsincludecashonhand,anydepositthatcanbeusedforcover,andshort-term(usuallyduewithin3monthssincethedayofpurchase)andhighcirculatinginvestments,whichareeasilyconvertibleintoknownamountofcashandwhoserisksinchangeofvalueareminimal.
9.ForeignCurrencyBusinessesandTranslationofForeignCurrencyFinancialStatements
(1)AccountingtreatmentsfortranslationofforeigncurrencybusinessAsforaforeigncurrencytransactioninitsinitialrecognition,theamountintheforeigncurrencyshallbetranslatedintotheamountintheRenminbiatthespotexchangerateofthetransactiondate.Onbalancesheetdate,theforeigncurrencymonetaryitemsshallbe
translatedasthespotexchangerateonthebalancesheetdate,thebalanceoccurredthereofshallberecordedintotheprofitsandlossesatthecurrentperiodexceptthatthebalanceofexchangearisingfromtheprincipalandinterestsofforeigncurrencyborrowingsforthepurchaseandconstructionorproductionofassetseligibleforcapitalization.Theforeigncurrencynon-monetaryitemsmeasuredatthehistoricalcostshallstillbetranslatedatthespotexchangerateonthetransactiondate,ofwhichtheamountoffunctionalcurrencyshallnotbechanged.Theforeigncurrencynon-monetaryitemsmeasuredatthefairvalueshallbetranslatedatthespotexchangerateontheconfirmingdateoffairvalue,ofwhichthebalanceofexchangeshallbeincludedintotheprofitandlossofthecurrentperiodorothercomprehensiveincome.
(2)TranslationofforeigncurrencyfinancialstatementsTheassetandliabilityitemsinthebalancesheetsshallbetranslatedataspotexchangerateonthebalancesheetdate.Amongtheowner’sequityitems,exceptfortheitemsas“retainedearnings”,otheritemsshallbetranslatedatthespotexchangerateatthetimewhentheyareincurred.Theincomeandexpenseitemsintheincomestatementsshallbetranslatedattheapproximatespotexchangerateatthetimewhentheyareincurred.Thedifferencefromtranslationofforeigncurrencyfinancialstatementsthereofshallberecordedintoothercomprehensiveincome.
10.FinancialInstruments
1.ClassificationofFinancialAssetsandFinancialLiabilitiesFinancialassetsshallbeclassifiedintothefollowingthreecategorieswhentheyareinitiallyrecognized:(1)financialassetsmeasuredatamortizedcost;(2)financialassetsatfairvaluethroughothercomprehensiveincome;(3)financialassetsatfairvaluethroughprofitorloss.Financialliabilitiesshallbeclassifiedintothefollowingfourcategorieswhentheyareinitiallyrecognized:(1)financialliabilitiesatfairvaluethroughprofitorloss;(2)financialliabilitiesgeneratedfromtransferoffinancialassetsnotconformingtorequirementsofderecognitionorcontinuousinvolvementoftransferredfinancialassets;(3)financialguaranteecontractsnotbelongingtoabove(1)or(2),andloancommitmentsnotbelongingtoabove(1)andatlowerinterestratethanthemarketinterestrate;(4)financialliabilitiesmeasuredatamortizedcost.
2.RecognitionBasis,CalculationMethod,andTerminationofRecognitionofFinancialAssetsandLiabilities
(1)RecognitionbasisandinitialcalculationmethodoffinancialassetsandliabilitiesWhentheCompanybecomesapartytoafinancialinstrument,itshallrecognizeafinancialassetorfinancialliability.Thefinancialassetsandfinancialliabilitiesinitiallyrecognizedshallbemeasuredattheirfairvalues.Forthefinancialassetsandliabilitiesmeasuredattheirfairvaluesandofwhichthevariationisrecordedintotheprofitsandlossesofthecurrentperiod,thetransactionexpensesthereofshallbedirectlyrecordedintotheprofitsandlossesofthecurrentperiod;forothercategoriesoffinancialassetsandfinancialliabilities,thetransactionexpensesthereofshallbeincludedintotheinitiallyrecognizedamount.However,whentheaccountsreceivableinitiallyrecognizedbytheCompanydonotincludesignificantfinancingortheCompanydoesnotconsiderthefinancingincontractsnotoveroneyear,itshallbeinitiallycalculatedatthetransactionprice.
(2)Subsequentcalculationmethodoffinancialassets
1)FinancialassetsatamortizedcostTheCompanyshallmakesubsequentmeasurementonitsfinancialassetsatamortizedcostbyadoptingtheactualinterestratemethod.Thegainsorlossesgeneratedfromthefinancialassetsatamortizedcostandnotbelongingtoanyhedgingrelationshipshallberecordedintothecurrentprofitoflosswhendecognized,reclassified,amortizedwiththeactualinterestratemethodorrecognizingimpairments.InvestmentsindebtinstrumentsatfairvaluethroughothercomprehensiveincomeTheCompanyshallmakesubsequentmeasurementatfairvalue.Theinterestcalculatedbyadoptingtheactualinterestratemethod,impairmentlossesorprofitsandforeignexchangegainsshallberecordedintothecurrentprofitorloss,andotherprofitsorlossesshallberecordedintoothercomprehensiveincome.Whenderecognized,theaccumulativeprofitsorlossesthereoforiginallyrecordedintoothercomprehensiveincomeshallbetransferredoutandthenrecordedintothecurrentprofitorloss.Investmentsinequityinstrumentsatfairvaluethroughothercomprehensiveincome
TheCompanyshallmakesubsequentmeasurementatfairvalue.Thedividendsobtained(excludethosebelongtorecoveryofinvestmentcost)shallberecordedintothecurrentprofitorloss,andothergainsorlossesrecordedintoothercomprehensiveincome.Whenderecognized,theaccumulativegainsorlossesthereoforiginallyrecordedintoothercomprehensiveincomeshallbetransferredoutandthenrecordedintotheretainedearnings.FinancialassetsatfairvaluethroughprofitorlossTheCompanyshallmakesubsequentmeasurementatfairvalue.Thegainsorlossesgenerated(includeinterestanddividendincome)shallberecordedintothecurrentprofitorloss,unlessthefinancialassetisonepartofahedgingrelationship.SubsequentcalculationmethodoffinancialliabilitiesFinancialliabilitiesatfairvaluethroughprofitorlossSuchfinancialliabilitiesincludetradingfinancialliabilities(includederivativeinstrumentsbelongingtofinancialliabilities)andthosedesignatedasfinancialliabilitiesatfairvaluethroughprofitorloss.Forsuchfinancialliabilities,thesubsequentmeasurementshallbeconductedatfairvalue.TheamountofchangesinfairvalueofdesignatedfinancialliabilitiesatfairvaluethroughprofitorlossduetotheCompany’screditriskchangesshallberecordedintoothercomprehensiveincome,unlessthistreatmentwillresultinorenlargeaccountingmismatchoftheprofitorloss.Theothergainsorlossesgeneratedfromsuchfinancialliabilities(includinginterestexpense,changesoffairvaluenotcausedbytheCompany’screditriskchanges)shallberecordedintothecurrentprofitorloss,unlessthetheyareonepartofahedgingrelationship.Andwhenderecognized,theaccumulativegainsorlossesthereoforiginallyrecordedintoothercomprehensiveincomeshallbetransferredoutandthenrecordedintotheretainedearnings.FinancialliabilitiesgeneratedfromfinancialassetstransfernotconformingtoderecognitionconditionsorcontinuousinvolvementoftransferredfinancialassetsTheyshallbemeasuredinaccordancewithregulationsofAccountingStandardsforBusinessEnterprisesNo.23-TransferofFinancialAssetsfinancialguaranteecontractsnotbelongingtoabove(1)or(2),andloancommitmentsnotbelongingtoabove(1)andatlowerinterestratethanthemarketinterestrate;Thesubsequentmeasurementshallbeconductedaccordingtothehigherofthefollowingtwoamountsafterinitialrecognition:
①amountofallowanceforimpairmentsrecognizedinaccordancewiththeimpairmentprovisionsoffinancialinstruments;②theresidualofinitialrecognizedamountafterdeductedaccumulativeamortizedamountrecognizedasrelevantregulations.FinancialliabilitiesatamortizedcostTheCompanyshallmeasureatamortizedcostbyadoptingactualinterestratemethod.Thegainsorlossesgeneratedfromfinancialliabilitiesatamortizedcostandnotbelongingtoanyhedgingrelationshipshallberecordedintothecurrentprofitorlosswhenderecognizedoramortizedwithactualinterestratemethod.DerecognitionoffinancialassetsandfinancialliabilitiesDerecognizefinancialassetswhenmeetingoneofthefollowingconditions:
①Thecontractrightsforcollectingcashflowoffinancialassetshaveterminated;②FinancialassethasbeentransferredandthetransfermeetstheprovisionsofAccountingStandardsforBusinessEnterprisesNo.23-TransferofFinancialAssetsgoverningthederecognitionoffinancialassets.
2)Whenthecurrentobligationofthefinancialliability(orsomeofit)hasbeenrelieved,thefinancialliability(orsomeofit)shallbeaccordinglyderecognized.
3.RecognitionBasisandMeasurementofTransferofFinancialAssetsWheretheCompanyhastransferrednearlyalloftherisksandrewardsrelatedtotheownershipofthefinancialassettothetransferee,itshallstoprecognizingthefinancialassetandseparatelyrecognizetherightsandobligationsgeneratedretainedfromthetransferasassetsorliabilities.Ifitretainednearlyalloftherisksandrewardsrelatedtotheownershipofthefinancialasset,itshallcontinuetorecognizethetransferredfinancialasset.WheretheCompanydoesnottransferorretainnearlyalloftherisksandrewardsrelatedtotheownershipofafinancialasset,itshalldealwithitaccordingtothecircumstancesasfollows,respectively:(1)Ifitgivesupitscontroloverthefinancialasset,itshallstoprecognizingthefinancialassetandseparatelyrecognizetherightsandobligations
generatedretainedfromthetransferasassetsorliabilities;(2)Ifitdoesnotgiveupitscontroloverthefinancialasset,itshall,accordingtotheextentofitscontinuousinvolvementinthetransferredfinancialasset,recognizetherelatedfinancialassetandrecognizetherelevantliabilityaccordingly.Ifthetransferofanentirefinancialassetsatisfiestheconditionsforstoppingrecognition,thedifferencebetweentheamountsofthefollowing2itemsshallberecordedintheprofitsandlossesofthecurrentperiod:(1)Thecarryingvalueofthetransferredfinancialassetonthederecognitiondate;(2)Thesumofconsiderationreceivedfromthetransferoffinancialassets,andderecognitionamountamongtheaccumulativeamountofthechangesofthefairvalueoriginallyrecordedintheothercomprehensiveincome(thefinancialassetsinvolvetransferareinvestmentsindebtinstrumentsatfairvaluethroughothercomprehensiveincome.Ifthetransferofpartialfinancialassetsatisfiestheconditionstostoptherecognition,theentirecarryingvalueofthetransferredfinancialassetshall,betweentheportionwhoserecognitionhasbeenstoppedandtheportionwhoserecognitionhasnotbeenstopped,beapportionedaccordingtotheirrespectiverelativefairvalueonthetransferdate,andthedifferencebetweentheamountsofthefollowingtwoitemsshallbeincludedintotheprofitsandlossesofthecurrentperiod:(1)Thecarryingvalueoftheportionwhoserecognitionhasbeenstopped;(2)Thesumofconsiderationoftheportionwhoserecognitionhasbeenstopped,andderecognitionamountamongtheaccumulativeamountofthechangesofthefairvalueoriginallyrecordedintheothercomprehensiveincome(thefinancialassetsinvolvetransferareinvestmentsindebtinstrumentsatfairvaluethroughothercomprehensiveincome.
4.RecognitionMethodofFinancialAssetsandFinancialLiabilities’FairValueTheCompanyadoptsthevaluationtechniquewithsufficientusefuldataandsupportedbyotherinformationwhichissuitableforthecurrentsituationtorecognizethefairvalueofrelatedfinancialassetsandliabilities.TheCompanyclassifiestheinputvalueusedinthevaluationtechniqueintothefollowinglevelsandusestheminsequence:
(1)Thefirstlevelofinputvalueisthenon-adjustableofferofthesameassetsorliabilitiesintheactivemarketonthecalculationdate;
(2)Thesecondlevelofinputvalueisthedirectlyorindirectlyobservableinputvalueofrelatedassetsorliabilitiesexcepttheinputvalueonthefirstlevel,including:offerofsimilarassetsorliabilitiesintheactivemarket;offerofidenticalorsimilarassetsorliabilitiesinthenon-activemarket;otherobservableinputvalueexceptoffer,includingtheobservableinterestrateduringtheintervalperiodofcommonoffer,profitratecurve,etc.;theinputvalueformarketverificationetc..
(3)Thethirdlevelofinputvalueisthenon-observableinputvalueofrelatedassetsorliabilities,includinginterestratesthatcannotbeobserveddirectlyorverifiedbythedataofobservablemarket,stockfluctuationrate,futurecashflowofthedisposalobligationborneincorporatemergers,financialforecastbasedonself-data,etc..
5.Impairmentoffinancialinstrument
(1)ImpairmentmeasurementandaccountinghandlingoffinancialinstrumentBasedonexpectedcreditloss,theCompanyconductsimpairmenthandlingandconfirmslossreserveforfinancialassetswhichismeasuredbyamortizedcost,debtinstrumentinvestmentwhichismeasuredbyfairvalueandwhosechangeiscalculatedintoothercomprehensiveprofits,accountsreceivableofrental,loancommitmentwhichisbeyondfinancialdebtclassifiedastheonewhichismeasuredbyfairvalueandwhosechangeiscalculatedintocurrentprofitsandlosses,financialdebtwhichdoesnotbelongtotheonewhichismeasuredbyfairvalueandwhosechangeiscalculatedintocurrentprofitsorlosses,orfinancialguaranteecontractoffinancialdebtwhichisformedwhenitdoesnotbelongtofinancialassettransferanddoesn’tconformtoconfirmationconditionofterminationorkeepsonbeinginvolvedintransferredfinancialasset.Expectedcreditlossreferstoweightedaverageofcreditlossoffinancialinstrumentwhichtakestheriskofcontractbreachoccurrenceastheweight.Creditlossreferstothedifferencebetweenallcontractcashflowwhichisconvertedintocashaccordingtoactualinterestrateandreceivableaccordingtocontractandallcashflowwhichtobechargedasexpected,i.e.currentvalueofallcashshortage.Amongit,asforfinancialassetpurchasedororiginalwhichhashadcreditimpairment,itshouldbeconvertedintocashaccordingactualinterestrateofthisfinancialassetaftercreditadjustment.Asforfinancialassetpurchasedororiginalwhichhashadcreditimpairment,theCompanyonlyconfirmscumulativechangeofexpectedcreditlosswithinthewholedurationafterinitialconfirmationonthebalancesheetdateaslossreserve.
Asforaccountsreceivablewhichdon’tincludemajorfinancingcontentsortheCompanydoesnotconsiderfinancingcontentsincontractwhichislessthanoneyear,theCompanyappliessimplifiedmeasurementmethod,andmeasureslossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration.Asforaccountreceivableofrentalandaccountsreceivableincludingmajorfinancingcontents,theCompanyappliessimplifiedmeasurementmethod,andmeasurelossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration.Asforfinancialassetbeyondabovementionedmeasurementmethods,theCompanyevaluateswhetheritscreditriskhasincreasedobviouslysincetheinitialconfirmationoneachbalancesheetdate.Incasecreditriskhasincreasedobviously,theCompanymeasuresthelossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration;incasethecreditriskdoesnotincreaseobviously,theCompanymeasureslossreserveaccordingtotheamountofexpectedcreditlossinnext12months.Byutilizingobtainablerationalandwellgroundedinformation,includingforward-lookinginformation,comparingtheriskofcontractbreachonbalancesheetdateandriskofcontractbreachoninitialconfirmationdate,theCompanyconfirmswhetherthecreditriskoffinancialinstrumenthasincreasedobviouslyfrominitialconfirmation.Onbalancesheetdate,incasetheCompanyjudgesthatthefinancialinstrumentjusthasrelativelylowcreditrisk,thenitwillbeassumedthatcreditriskofthefinancialinstrumenthasnotincreasedobviously.Basedonsinglefinancialinstrumentorfinancialportfolio,theCompanyevaluatesexpectedcreditriskandmeasuresexpectedcreditloss.Whenbasedonfinancialinstrumentportfolio,theCompanytakescommonriskcharacteristicsasthebasis,anddividesfinancialinstrumentsintodifferentportfolios.TheCompanymeasuresexpectedcreditlossagainoneachbalancesheetdate,theincreaseoflossreserveoramountwhichistransferbackgeneratedbyitiscalculatedintocurrentprofitsandlossesasimpairmentprofitsorlosses.Asforfinancialassetwhichismeasuredbyamortizedcost,lossreserveoffsetsthecarryingvalueofthefinancialassetlistedinthebalancesheet;asfordebtinvestmentwhichismeasuredbyfairvalueandwhosechangeiscalculatedintoothercomprehensiveprofits,theCompanyconfirmsitslossreserveinothercomprehensiveprofitsanddoesnotoffsetthecarryingvalueofthefinancialasset.
(2)Financialinstrumentsassessingexpectedcreditriskbygroupsandmeasuringexpectedcreditlosses
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Otherreceivables-intercoursefundsamongrelatedpartygroupwithintheconsolidationscope | Accountsnature | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
| Otherreceivables-interestreceivablegroup | ||
| Otherreceivables-otherintercoursefundsamongrelatedpartygroup | ||
| Otherreceivables-creditriskcharacteristicsgroup | Aginggroup | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
(3)Accountsreceivablewithexpectedcreditlossesmeasuredbygroups①Specificgroupsandmethodofmeasuringexpectedcreditloss
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Bank’sacceptancebillsreceivable | Billtype | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefault |
| Tradeacceptancebillsreceivable |
| andtheexpectedcreditlossratewithintheentirelife | ||
| 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.OffsetbetweenfinancialassetandfinancialdebtFinancialassetandfinancialdebtarelistedinthebalancesheetseparatelyanddon’toffseteachother.However,whenthefollowingconditionsaremetatthesametime,theCompanywilllistthenetamountaftermutualoffsetinthebalancesheet:(1)TheCompanyhasthelegalrighttooffsettheconfirmedamount,andthelegalrightisexecutablecurrently;(2)TheCompanyplanstosettlebynetamount,ormonetizethefinancialassetandliquidatethefinancialdebtatthesametime.
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.ContractAssetsTheCompanypresentscontractassetsorcontractliabilitiesonthebalancesheetaccordingtotherelationshipbetweenthefulfillmentofitscontractperformanceobligationsanditscustomers’payment.ConsiderationsthattheCompanyhastherighttocollectforcommoditiestransferredorservicesprovidedtocustomers(exceptforaccountsreceivable)arepresentedascontractassets.Forcontractassetsthatdonotcontainsignificantfinancingcomponents,theCompanyusesthesimplifiedmodelofexpectedcreditloss,measuringthelossprovisionaccordingtoanamountthatisequivalenttotheamountofexpectedcreditlossoftheentireduration.Theincreasedlossprovisionorreversedamountthereofshallberecordedintothecurrentprofitorlossasimpairmentlossesorgains.Forcontractassetsthatcontainsignificantfinancingcomponents,theCompanyhasmadetheaccountingpolicychoiceandselectedthesimplifiedmodelofexpectedcreditloss,measuringthelossprovisionaccordingtoanamountthatisequivalenttotheamountofexpectedcreditlossoftheentireduration.Theincreasedlossprovisionorreversedamountthereofshallberecordedintothecurrentprofitorlossasimpairmentlossesorgains.
17.ContractCostsContractcostscomprisecontractperformancecostandcontractacquisitioncost.ThecostincurredbytheCompanyfromperformingacontractisrecognizedintoanassetascontractperformancecostwhenitmeets
thefollowingconditions:
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.Whenthenetamountoffairvalueofdisposalgroupavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedasnon-currentassetsinthedisposalgroupmeasuredaccordingtothisStandardafterbeingclassifiedintothecategoriesavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Thebookvalueofgoodwillthathasbeenoffsetandtheimpairmentlossofnon-currentassetsmeasuredaccordingtothisStandardshallnotbereversedbeforetheyareclassifiedasavailableforsaleassets.Thesubsequentreversalamountofassetimpairmentlossrecognizedasdisposalgroupavailableforsaleshallbeincreasedinproportiontotheshareofthebookvalueofnon-currentassetsinthedisposalgroup,exceptgoodwill,whicharemeasuredaccordingtothisStandard.Incasethatanenterpriselosesitscontroloverasubsidiaryduetosaleof
itsinvestmentinthesubsidiary,theinvestmentinthesubsidiarytobesoldshallbedividedintotheavailableforsalecategoryinindividualfinancialstatementoftheparentcompanywhentheproposedinvestmentinthesubsidiarymeetstheconditionsforclassificationofavailableforsalecategory,andallassetsandliabilitiesofthesubsidiaryshallbeclassifiedintoavailableforsalecategoryintheconsolidatedfinancialstatements,nomatterwhethertheenterpriseretainspartofequityinvestmentafterthesale.
19.InvestmentsinDebtObligationsNotapplicable.
20.InvestmentsinotherDebtObligationsNotapplicable.
21.Long-termReceivableNotapplicable.
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,theaccountingtreatmentshallbecarriedoutbasedonwhetherthefinancialstatementsareindividualorconsolidated:
1)Inindividualfinancialstatements,theinitialinvestmentcostaccountedincostmethodisthesumofthecarryingvalueoftheequityinvestmentoriginallyheldandthecostofnewinvestment.
2)Inconsolidatefinancialstatements,judgewhetherthetransactionsconstitutethe“packagedeal”.Iftheydo,theaccountingtreatmentshallbecarriedoutonthebasisofassumingalltransactionsasonetransactionwiththeacquisitionofcontrol.Iftheydonot,fortheacquiree’sequityheldbeforetheacquisitiondate,re-measurementshallbecarriedoutaccordingtothefairvalueoftheequityontheacquisitiondateandthedifferencebetweenthefairvalueandthecarryingvalueshallberecordedintocurrent
investmentincome;iftheacquiree’sequityheldbeforetheacquisitiondateinvolvesothercomprehensiveincomeaccountedinequitymethod,othercomprehensiveincomerelatedtoitshallbetransferredintotheincomefortheperiodinwhichtheacquisitiondatefalls,withtheexceptionoftheothercomprehensiveincomesoccurredbecauseofthechangesofnetliabilitiesornetassetsofthedefinedbenefitpensionplansbere-measuredforsettingbytheinvestees.
3)Forthoseformedotherthanfrombusinesscombination:Iftheyareacquiredincashpayment,theinitialinvestmentcostisthepurchasepriceactuallypaid;iftheyareacquiredintheissueofequitysecurities,theinitialinvestmentcostisthefairvalueoftheissuedequitysecurities;iftheyareacquiredindebtrestructuring,theinitialinvestmentcostshallberecognizedaccordingtotheAccountingStandardsforEnterprisesNo.12-DebtRestructuring;iftheyareacquiredintheexchangeofnon-monetaryassets,theinitialinvestmentshallberecognizedaccordingtotheAccountingStandardsforEnterprisesNo.7-ExchangeofNon-MonetaryAssets.
3.MethodofsubsequentmeasurementandrecognitionofprofitsandlossesLong-termequityinvestmentwithcontroloverinvesteesshallbeaccountedincostmethod;long-termequityinvestmentonassociatedenterprisesandjointventuresshallbeaccountedinequitymethod.
4.Methodoftreatingthedisposaloftheinvestmentinasubsidiarystembystepthroughmultipletransactionsuntilthelossofthecontrollingright
(1)IndividualfinancialstatementsForthedisposedequity,thedifferencebetweenitsfairvalueandtheactuallyobtainedpriceshallberecordedintocurrentprofitsorlosses.Fortheresidualequity,thepartthatstillhassignificanteffectsoninvesteesorwithcommoncontroljointlywithotherpartiesshallbeaccountedinequitymethod;thepartthathasnomorecontrol,commoncontrolorsignificanteffectsoninvesteesshallbeaccountedinaccordancewiththerelevantregulationoftheAccountingStandardsforEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments.
(2)Consolidatedfinancialstatements
1)Forthedisposaloftheinvestmentinsubsidiariesstepbystepuntilthelossofthecontrollingrightthroughmultipletransactions,whichdonotconstitutethe“packagedeal”Beforethelossofthecontrollingright,forthebalancebetweenthedisposalremunerationandthesharesofnetassetsinthesubsidiariesthathavebeencalculatedsincetheacquisitiondateorcombinationdatecorrespondingtothedisposaloflong-termequityinvestment,capitalreserve(capitalpremium)shallbeadjusted,andifthecapitalpremiumisnotsufficientforthewrite-down,theretainedearningsshallbewrittendown.Atthelossofthecontrollingrightovertheoriginalsubsidiaries,theresidualequityshallbere-measuredatitsfairvalueonthedateoflosingthecontrollingright.Thedifferencebetweentheconsiderationobtainedintheequitydisposal,plusthefairvalueoftheremainingequities,lesstheCompany’sshareofnetassetsenjoyedoftheformersubsidiarythathasbeencalculatedsincetheacquisitiondateorcombinationdateaccordingtotheformershareholdingratio,shallberecordedintotheinvestmentgainsfortheperiodwhenthecontrolceases;meanwhile,goodwillshallbewrittendown.Othercomprehensiveincomerelatedtoformersubsidiary'sequityinvestmentshallbetransferredintocurrentinvestmentincomewhenthecontrolceases.
2)Forthedisposaloftheinvestmentinsubsidiariesstepbystepuntilthelossofthecontrollingrightthroughmultipletransactions,whichconstitutethe“packagedeal”Theaccountingtreatmentshallbecarriedoutonthebasisofconsideringeachtransactionasatransactionofdisposingthesubsidiaryandlosingcontrol.However,beforelosingcontrol,thedifferencebetweeneachdisposalpricebeforelosingthecontrol,andthecorrespondingnetassetsshareenjoyedofsubsidiarywhendisposinglong-termequityinvestment,shallberecognizedasothercomprehensiveincomeintheconsolidatedfinancialstatementsandwhenthecontrolceases,transferredintocurrentprofitsorlossesoftheperiodoflosingcontrol.
(5)ImpairmenttestmethodandimpairmentprovisionmethodWhenthereisobjectiveevidenceindicatingimpairmentoftheinvestmentinsubsidiaries,jointventuresandcooperativeenterprisesonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalue
andrecoverableamount.
23.InvestmentPropertyMeasurementmodeofinvestmentrealestatesMeasurementofcostmethodDepreciationoramortizationmethod
1.Theterm"investmentrealestate"includestherighttouseanylandwhichhasalreadybeenrented,therighttouseanylandwhichisheldandpreparedfortransferafterappreciation,andtherighttouseanybuildingwhichhasalreadybeenrented.
2.TheCompanyinitiallymeasurestheinvestmentpropertyaccordingtothecosts,andadoptsthecostmethodinthesubsequentmeasurementofinvestmentproperty,andadoptsthesamemethodswithfixedassetsandintangibleassetstowithdrawdepreciationoramortization.Whenthereisanyindicationofimpairmentofinvestmentpropertyonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount.
24.FixedAssets
(1)RecognizedStandardofFixedAssetsTheterm"fixedassets"referstothetangibleassetsthatsimultaneouslypossessthefeaturesasfollows:theyareheldforthesakeofproducingcommodities,renderinglaborservice,rentingorbusinessmanagement;andtheirusefullifeisinexcessofonefiscalyear.Nofixedassetmayberecognizedunlessitsimultaneouslymeetstheconditionsasfollows:(1)Theeconomicbenefitsarelikelytoflowintotheenterprise;(2)Thecostofthefixedassetcanbemeasuredreliably.
(2)DepreciationMethod
| Category | Depreciationmethod | Usefullife(year) | Expectednetsalvagevalue | Annualdeprecation |
| Housesandbuildings | Straight-linedepreciation | 20-25 | 5-10 | 3.6-4.75 |
| Transportation | Straight-linedepreciation | 5 | 5 | 19 |
| Otherequipment | Straight-linedepreciation | 5 | 5 | 19 |
| Machineryequipment | Straight-linedepreciation | 5 | 5 | 19 |
| Decorationoffixedassets | Straight-linedepreciation | 5 | 0 | 20 |
(3)RecognitionBasis,PricingandDepreciationMethodofFixedAssetsbyFinanceLeaseNotapplicable.
25.ConstructioninProgress
1.Noconstructioninprogressmayberecognizedunlessitsimultaneouslymeetstheconditionsasfollows:(1)Theeconomicbenefitsarelikelytoflowintotheenterprise;(2)Thecostofthefixedassetcanbemeasuredreliably.Constructioninprogressshallbemeasuredaccordingtotheoccurredactualcostsbeforetheassetsavailablefortheintendeduse.
2.Whentheconstructioninprogressisavailablefortheintendeduse,itshallbetransferredtofixedassetsaccordingtotheactualcostoftheproject.Forconstructioninprogressavailablefortheintendedusebutnotdealingwithfinalaccountsofcompletedproject,itshallbetransferredtofixedassetsaccordingtotheestimatedvaluefirst,andthenadjustoriginaltemporarilyestimated
valuebasedontheactualcostsafterthefinalaccountsofcompletedproject,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,theCompanydeemstheright-of-useassetsandleaseobligations,exceptforthesimplifiedshort-termleaseandlow-valueleases.TheCompanyinitiallymeasuresright-of-useassetsatcost.Thecostincludes:
1.Theinitialmeasurementamountoftheleaseobligation.
2.Ifaleaseincentiveexistsforleasepaymentsmadeonorbeforethecommencementdateoftheleaseterm,theamountrelatedtotheleaseincentivealreadytakenisdeducted.
3.Initialdirectcostsincurred.
4.CostsexpectedtobeincurredbytheGroupfordismantlingandremovingtheleasedasset(s),restoringthepremiseswheretheleasedasset(s)is/arelocated,orrestoringtheleasedasset(s)tothestatusagreedintheleasingclauses.Iftheaforementionedcostsareincurredforinventoryproduction,relevantprovisionsofAccountingStandardforBusinessEnterprisesNo.1-Inventoryisapplicable.TheCompanyrecognizesandmeasuresthecostsdescribedinItem4aboveinaccordancewithrelevantprovisionsoftheAccounting
StandardsforBusinessEnterprisesNo.13-Contingencies.Theinitialdirectcostsincurredrefertotheincrementalcostsincurredtoachievethelease.Incrementalcostsarecoststhatwouldnothavebeenincurredhadthebusinessnotacquiredthelease.TheCompanydepreciatestheright-of-useassetsinaccordancewithrelevantdepreciationprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.4-FixedAssets.Ifitisreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,theCompanywilldepreciatetheleaseholdpropertyoveritsremainingservicelife.Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,theCompanywilldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.TheCompanydeterminestheimpairmentoftheright-of-useassetsandconductsaccountingtreatmentoftheimpairmentlossesalreadyidentifiedinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.
30.IntangibleAssets
(1)PricingMethod,UsefulLifeandImpairmentTest
1.Intangibleassetsincluderighttouselandsites,userightofsoftwareetc.andconducttheinitialmeasurementaccordingtothecosts.
2.Withregardtointangibleassetswithlimitedservicelife,itshallbeamortizedsystematicallyandreasonablywithintheirservicelifeaccordingtotheexpectedimplementationofeconomicinterestsrelatedtotheintangibleassets.Ifitcan’trecognizetheexpectedimplementationreliably,itshallbeamortizedbystraight-linemethod.Thespecificusefullivesareasfollows:
| 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,right-of-useassetsandintangibleassetswithlimitedservicelife,theCompanyshallestimatetherecoverableamountiftherearesignsofimpairmentonbalancesheetdate.Forintangibleassetswithuncertaingoodwillorservicelifeformedbyenterprisecombination,whetherornotthereissignofimpairment,impairmenttestshallbeconductedeveryyear.Goodwillcombinationanditsrelatedassetsgrouporcombinationofassetsgroupshallbeconductedtheimpairmenttest.Iftherecoverableamountoftheabove-mentionedlong-termassetsislowerthanitscarryingvalue,itshallmakethepreparationforassetsimpairmentbasedonitsbalanceandberecordedintocurrentprofitsandlosses.
32.Long-termPrepaidExpensesLong-termdeferredexpensesrefertogeneralexpenseswiththeamortizedperiodoveroneyear(oneyearexcluded)thathaveoccurred.Long-termprepaidexpenseshallberecordedintotheaccountaccordingtotheactualaccrual.Long-termprepaidexpenseshallbeamortizedaveragelywithinbenefitperiodorspecifiedperiod.Incaseofnobenefitinthefutureaccountingperiod,theamortizedvalueofsuchprojectthatfailstobeamortizedshallbetransferredintotheprofitsandlossesofthecurrentperiod.
33.ContractLiabilitiesTheCompanypresentscontractassetsorcontractliabilitiesonthebalancesheetaccordingtotherelationshipbetweenthefulfillmentofitscontractperformanceobligationsanditscustomers’payment.ObligationstobefulfilledbytheCompanyoftransferringcommoditiesorprovidingservicestocustomers,astheCompanyhasreceivedorshouldreceivecustomers’considerations,arepresentedascontractliabilities.
34.Payroll
(1)AccountingTreatmentofShort-termCompensation
DuringtheaccountingperiodwhentheemployeesprovidingtheservicefortheCompany,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)AccountingTreatmentofDemissionWelfare
WhentheCompanyisunabletounilaterallywithdrawtheplanonthecancellationoflaborrelationshiporthelayoffproposal,orwhenrecognizingthecostsorexpenses(theearlieronebetweenthetwo)relatedtothereorganizationofpayingthedemissionwelfare,shouldrecognizethepayrollliabilitiesfromthedemissionwelfareandincludeinthecurrentgainsandlosses.
(4)AccountingTreatmentofOtherWelfareoftheLong-termEmployees
TheCompanyprovidestheotherlong-termemployeebenefitsfortheemployees,andforthosemetwiththedefinedcontributionplans,accountingtreatmentshouldbeconductedaccordingtotherelatedregulationsofthedefinedcontributionplans;thefortheotherslong-termemployeebenefitsexceptfortheformer,accountingtreatmentshouldbeconductedaccordingtotherelatedregulationsofthedefinedbenefitplans.Inordertosimplifytherelatedaccountingtreatment,thepayrollsshallberecognizedasservicecosts,thenetamountofinterestofnetliabilitiesandnetassetsofotherwelfareofthelong-termemployees.Thetotalnetamountsmadeupfromthechangesofmeasuringthenetliabilitiesandnetassetsofotherwelfareofthelong-termemployeesagainshallberecordedintothecurrentprofitsandlossesorrelatedassetscosts.
35.LeaseLiabilitiesOnthestartdateoftheleaseterm,theCompanydeemstheright-of-useassetsandleaseobligations,exceptforthesimplifiedshort-termleaseandlow-valueleases.TheCompanyinitiallymeasurestheleaseobligationatthepresentvalueoftheleasepaymentsoutstandingatthecommencementdateoftheleaseterm.Theterm"leasepayments"referstothepaymentsmadebytheCompanytothelessorintermsoftheuseoftheleasedasset(s)withintheleaseterm,including:
(1)fixedleasepaymentsandsubstantialfixedleasepayments(ifaleaseincentiveexists,deducttheamountrelatedtotheleaseincentive);
(2)thevariableleasepaymentsthatdependonindexationorratio,whicharedeterminedaccordingtotheindexationorratioonthecommencementdateoftheleasetermintheinitialmeasurement;
(3)theexercisepriceofthepurchaseoption,whenapplicable,iftheCompanyisreasonablycertainthattheoptionwillbeexercised;
(4)paymentsrequiredtobemadeforexercisingtheoptiontoterminatetheleaseiftheleasetermreflectsthattheCompanywillexercisesuchanoption;
(5)estimatedamountpayablebasedontheresidualvalueoftheguaranteeprovidedbytheCompany.Whencalculatingthepresentvalueofleasepayments,theCompanyusestheinterestrateimplicitinleaseastherateofdiscount.Iftheinterestrateimplicitinleasecannotbedetermined,theCompany’sincrementallendingrateisusedastherateofdiscount.
36.Provisions
1.Theobligationsuchasexternalguaranty,litigationorarbitration,productqualityassurance,losscontract,pertinenttoacontingenciesshallberecognizedastheprovisionswhenthefollowingconditionsaresatisfiedsimultaneously:①Thatobligationisacurrentobligationoftheenterprise;②Itislikelytocauseanyeconomicbenefittoflowoutoftheenterpriseasaresultofperformanceoftheobligation;and③Theamountoftheobligationcanbemeasuredinareliableway.
2.TheCompanyshallconducttheinitialmeasurementtoprovisionsaccordingtothebestestimatenumberneededforperformingtherelatedcurrentobligationandrecheckthecarryingvalueofaccruedliabilitiesonbalancesheetdate.
37.Share-basedPaymentNotapplicable.
38.OtherFinancialInstrumentssuchasPreferenceSharesandPerpetualBondsNotapplicable.
39.RevenueTheAccountingPolicyAdoptedforRecognitionandMeasurementofRevenue
(1)RecognitionofrevenueTheCompanygainsrevenuemainlyfrompropertysales,propertymanagementandpropertyleasing(referto42.Leasingformoredetail).TheCompanyrecognizesrevenuewhenithasfulfilledtheobligationofcontractperformance,namely,whenithasacquiredthecontroloftherelatedcommodity.Theacquisitionofcontroloveracommodityreferstothecapacitytocontroltheuseofthecommodityandtogainalmostalleconomicintereststhereof.
(2)TheCompanyjudgeswhetheracontractperformanceobligationis“acontractperformanceobligationfulfilledinatimeperiod”or“acontractperformanceobligationfulfilledatatimepoint”accordingtothetermsinrevenuestandards,andrecognizesrevenueaccordingtothefollowingprinciples.WhentheCompanymeetsoneofthefollowingconditions,theobligationshouldbeclassifiedasacontractperformanceobligationfulfilledinaspecifictimeperiod:
ThecustomergainsandconsumestheeconomicinterestsbroughtbytheCompany’scontractperformancewhentheCompanyperformsthecontract.ThecustomerisabletocontroltheassetsinprogressduringtheCompany’scontractperformance.TheassetsproducedduringtheCompany’scontractperformancehaveirreplaceableuse,andtheCompanyhastherighttocollectpaymentinrespectofitscompletedcontractperformanceaccumulatedasofnowthroughouttheentirecontractperiod.Foracontractperformanceobligationfulfilledinatimeperiod,theCompanyrecognizesrevenueaccordingtotheprogresstowardscontractcompletioninthatperiod,butexcludingthecasewhensuchprogresscannotbereasonablydetermined.TheCompanyusestheoutputorinputmethodtodeterminetherightprogresstowardscontractcompletionbyconsideringthenatureofthecommodity.Foronethatisclassifiedasacontractperformanceobligationfulfilledatatimepointinsteadofinatimeperiod,theCompanyrecognizesrevenuewhenthecustomeracquiresthecontrolovertherelatedcommodity.Injudgingwhetherthecustomerhasacquiredthecontroloveracommodity,theCompanyconsidersthefollowingsigns:
TheCompanyisentitledtothecurrentrightofpaymentcollectioninrespectofthecommodity.Inotherwords,thecustomerhasthecurrentobligationtopayforthecommodity.TheCompanyhastransferredthelegalownershipofthecommoditytothecustomer.Inotherwords,thecustomerhasownedthelegalownershipofthecommodity.TheCompanyhastransferredthephysicalcommoditytothecustomer.Inotherwords,thecustomerhastakenphysicalpossessionofthecommodity.TheCompanyhastransferredthemajorrisksandremunerationsinrespectoftheownershipofthecommodity.Inotherwords,thecustomerhasacquiredthemajorrisksandremunerationsinrespectoftheownershipofthecommodity.Thecustomerhasacceptedthecommodity.Othersignsindicatingthatthecustomerhasacquiredcontroloverthecommodity.
3)SpecificpoliciesoftheCompanyforrecognizingrevenue:
(1)RealEstateSalesContractsTherealizationofsalesrevenueshallberecognizedunderthefollowingconditions:thedevelopedproductshavebeencompletedandaccepted,thesalescontracthasbeensignedandtheobligationsstipulatedinthecontracthavebeenfulfilled,themainrisksandrewardsofownershipofthedevelopedproductshavebeentransferredtothebuyeratthesametime,theCompanyshallnolongerretainthecontinuousmanagementrightsnormallyassociatedwithownershipandeffectivelycontrolthesolddevelopedproducts,therevenueamountcanbemeasuredreliably,therelatedeconomicbenefitsarelikelytoflowin,andtherelatedcoststhathaveoccurredorwilloccurcanbemeasuredreliably.Forthesaleofself-occupiedhousing,therealizationofsalesincomeshallberecognizedunderthefollowingconditions:themainrisksandrewardsofownershipofself-occupiedhousesaretransferredtothebuyer,theCompanywillnolongerretainthecontinuousmanagementrightsnormallyassociatedwithownershipandeffectivelycontrolthesolddevelopmentproducts,theamountofincomecanbemeasuredreliably,relevanteconomicbenefitsarelikelytoflowin,therelevantcoststhathaveoccurredorwilloccurcanbemeasuredreliably.Onlyrecognizingthesalesincomerealizationunderthefollowingconditions:acquiredtherealestatecompletedandacceptedasqualified(thecompletionandacceptancereports),signedanirreversiblesalescontract,obtainedthebuyer'spaymentcertificate(forthosewhochosebankmortgage,thefirstinstallmentandthefullamountofbankmortgagemustberequired;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)OtherBusinessIncomeAccordingtothestipulationsofrelevantcontractsandagreements,whentheeconomicbenefitsrelatedtothetransactioncanflowintotheenterpriseandthecostsrelatedtotheincomecanbereliablymeasured,therealizationofotherbusinessincomeshallbeconfirmed.
(3)MeasurementofRevenueTheCompanyshouldmeasurerevenueaccordingtothetransactionpricesapportionedtoeachoftheindividualcontractperformanceobligations.Indeterminingatransactionprice,theCompanyconsiderstheimpactofanumberoffactors,includingvariableconsideration,significantfinancingcomponentsincontracts,non-cashconsideration,andconsiderationpayabletocustomers.VariableconsiderationTheCompanydeterminesthebestestimateofvariableconsiderationaccordingtotheexpectedvalueortheamountmostlikelytooccur.Butatransactionpricecontainingvariableconsiderationshouldnotexceedtheamountfromtheaccumulatedrecognizedrevenuethatwillprobablynothaveanysignificantreversalwhenrelateduncertaintiesareeliminated.Whenassessingwhetherthesignificantreversalofaccumulatedrecognizedrevenueisalmostimpossibleornot,acompanyshouldconcurrentlyconsiderthepossibilityandweightoftherevenuereversal.SignificantfinancingcomponentWhenacontractcontainsanyfinancingcomponent,theCompanyshoulddeterminethetransactionpriceaccordingtotheamountpayablethatisassumedtobepaidincashbythecustomerwhenitacquirescontroloverthecommodity.Thedifferencebetweenthetransactionpriceandthecontractconsiderationshouldbeamortizedintheeffectiveinterestmethodduringthecontractperiod.Non-cashconsiderationWhenacustomerpaysnon-cashconsideration,theCompanyshoulddeterminethetransactionpriceaccordingtothefairvalueofthenon-cashconsideration.Whensuchfairvaluecannotbereasonablyestimated,theCompanywillindirectlydeterminethetransactionpricebyreferencetotheindividualpricecommittedbytheCompanyfortransferringthecommoditytothecustomer.ConsiderationpayabletoacustomerForconsiderationpayabletoacustomer,theCompanyshoulddeductthetransactionpricefromtheconsiderationpayable,anddeducttherevenueforthecurrentperiodateithertherecognitionofrelatedrevenueorthepayment(orcommittedpayment)oftheconsiderationtothecustomer,whicheverisearlier,butexcludingthecaseinwhichtheconsiderationpayabletothecustomerisforthepurposeofacquiringfromthecustomerothercommoditiesthatcanbeobviouslydistinguished.IftheCompany’sconsiderationpayabletoacustomerisforthepurposeofacquiringfromthecustomerothercommoditiesthatcan
beobviouslydistinguished,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.Ifthesubsidiesareacquiredwithconstructionortheformationoflong-termassetsinotherwaysasfundamentalconditions,theyshallberecognizedasasset-relatedgovernmentsubsidies.Forasset-relatedgovernmentsubsidies,thecarryingvalueofrelatedassetsshallbewrittendownorrecognizedasdeferredincome.Ifasset-relatedgovernmentsubsidiesarerecognizedasdeferredincome,itshallberecordedintoprofitsorlossesbyperiodinareasonableandsystemicmannerwithinthelifeofrelatedassets.Governmentsubsidiesmeasuredatthenominalamountshallbedirectlyrecordedintocurrentprofitsorlosses.Ifrelatedassetsaresold,transferred,disposedofordestroyedbeforetheendoftheirlife,theundistributedbalanceofrelateddeferredincomeshallbetransferredintotheprofitsorlossesfortheperiodoftheassetdisposal.
3.Judgmentbasisandaccountingtreatmentofprofits-relatedgovernmentsubsidiesGovernmentsubsidiesotherthanasset-relatedgovernmentsubsidiesshallbedefinedasprofits-relatedgovernmentsubsidies.Forgovernmentsubsidiesconsistingofbothasset-relatedpartsandprofits-relatedparts,whicharedifficulttojudgewhethertheyarerelatedtoassetsorprofits,theentiretyshallbeclassifiedasprofits-relatedgovernmentsubsidies.Profits-relatedgovernmentsubsidiesthatareusedtocompensatetherelatedfutureexpensesorlossesshallberecognizedasdeferredincomeandshallbeincludedintothecurrentprofit/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.LesseeTheCompanyshall,whenasthelessee,onthecommencementdateoftheleaseterm,recognizetheright-of-useassetsandleaseobligationsforthelease,unlessitisasimplifiedshort-termleaseorlow-valueassetlease.Afterthecommencementdateoftheleaseterm,theCompanyusesthecostmodelforsubsequentmeasurementofright-of-useassets.TheCompanydepreciatestheright-of-useassetsinaccordancewithrelevantdepreciationprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.4-FixedAssets.Ifthelesseecanreasonablyascertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,itshalldepreciatetheleaseholdpropertyoveritsremainingservicelife.Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,itshalldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.TheCompanywilldeterminetheimpairmentoftheright-of-useassetsandconductaccountingtreatmentoftheimpairmentlossesalreadyidentifiedinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.TheCompanycalculatestheinterestexpensesoftheleaseobligationsduringeachperiodoftheleasetermatafixedperiodicinterestrate,andincludestheminprofitorlossforthecurrentperiod.WheretheAccountingStandardsforBusinessEnterprisesNo.17-BorrowingCostsandotherstandardsprovidethatsuchinterestexpensesshallbeincludedinthecostofrelatedassets,suchprovisionsshallbeobserved.TheCompanydoesnotrecognizetheright-of-useassetsandleaseliabilitiesforshort-termleasesandlow-valueassetleases.Ineachperiodwithintheleaseterm,therelevantleasepaymentsforshort-termleasesandlow-valueassetleasesareincludedincostoftherelatedassetsorprofitorlossforthecurrentperiodonastraight-linebasis.
2.Lessor
(1)FinancialLeaseTheCompanyshall,whenasthelessor,onthecommencementdateoftheleaseterm,recognizethefinanceleasereceivablesforthefinanceleaseandderecognizetheleasedasset(s)ofthefinancelease.TheGroupshallalsocalculateandconfirmtheinterestincomeatafixedperiodicinterestrateineachperiodintheleaseterm.
(2)OperatingLeaseInthecaseoftheCompanyisthelessor,itrecognizesthereceiptsoftheoperatingleaseincurredduringeachperiodoftheleasetermasrentalsbythestraight-linemethod.TheCompanycapitalizestheinitialdirectcostsrelatedtotheoperatingleaseuponincurrencethereofand,withintheleaseterm,apportionsandincludessuchcostsinthecurrentprofitorlossonthebasissameastherecognitionofrentals.
Forthefixedassetsintheassetsunderoperatinglease,theCompanyshalladoptthedepreciationpolicyofsimilarassetstocalculateanddistilldepreciation.Forotherassetsunderoperatinglease,theCompanyshallamortizetheminasystematicandreasonablemannerinaccordancewiththeaccountingstandardsforenterprisesapplicabletotheassets.TheCompanywilldeterminetheimpairmentofassetsunderoperatingleaseandconductaccountingtreatmentinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.
(2)AccountingTreatmentsofFinancialLeaseTheCompanyshall,whenasthelessor,onthecommencementdateoftheleaseterm,recognizethefinanceleasereceivablesforthefinanceleaseandderecognizetheleasedasset(s)ofthefinancelease.TheCompanyshallalsocalculateandconfirmtheinterestincomeatafixedperiodicinterestrateineachperiodintheleaseterm.
43.OtherImportantAccountingPoliciesandAccountingEstimations
(1)ConfirmationstandardandaccountinghandlingmethodforoperationterminationComponentswhichmeetoneofthefollowingconditions,havebeendisposedordividedasheldforsalecategoryandcanbedistinguishedseparatelyareconfirmedasoperationtermination.
1)Thecomponentrepresentsoneimportantindependentmainbusinessoronesinglemainoperationarea.
2)Thecomponentisonepartofarelatedplanwhichplanstodisposeoneindependentmainbusinessoronesinglemainoperationarea.
3)Thecomponentisasubsidiarywhichisobtainedforresalespecially.
(2)AccountingMethodforMaintenancefundandQualityDeposit
1)MaintenancefundaccountingmethodAccordingtothelocalrelevantregulationsofthedevelopmentproject,themaintenancefundshallcollectfromthebuyers,orwithdrawfromthedevelopmentcostsoftheCompany’srelevantdevelopmentproductswhendevelopmentproductssell(pre-sell),andshalluniformlyturnthemovertothemaintenancefundmanagementdepartment.
2)QualitydepositaccountingmethodThequalityguaranteefundshallbereservedfromtheprojectfundoftheconstructionunitaccordingtotheprovisionsoftheconstructioncontract.Maintenancefeesincurredduringthewarrantyperiodofthedevelopedproductsshallbeoffsetagainstthequalityguaranteedeposit;Aftertheexpirationofthewarrantyperiodagreeduponinthedevelopmentofproducts,thebalanceofthequalityguaranteedepositshallbereturnedtotheconstructionunit.
(3)SegmentalreportTheGrouprecognizestheoperatingsegmentsaccordingtotheinternalorganizationstructure,themanagementrequirementsandtheinternalreportsystem.OperatingsegmentsrefertothecomposepartsoftheGroupwhichmeetwiththefollowingconditionsatthesametime:
thecomposepartcouldcauserevenuesandexpensesinthedailyactivities;themanagementlayercouldperiodicallyevaluatetheoperationresultsofthecomposepartandbasewhichtodistributetheresourcesandevaluatetheperformance;
3)theGroupcouldacquiretherelevantaccountinginformationofthefinancialconditions,operationresultsandthecashflowsofthecomposepartthroughanalysis.
44.ChangesinMainAccountingPoliciesandEstimates
(1)ChangeofAccountingPolicies
□Applicable√Notapplicable
(2)ChangesinAccountingEstimates
□Applicable√Notapplicable
(3)AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYearofanyNewStandardsGoverningLeasessince2021ApplicableWhetheritemsofbalancesheetsatthebeginningoftheyearneedtobeadjusted
√Yes□NoConsolidatedbalancesheet
Unit:RMB
| Item | 31December2020 | 1January2021 | Adjustment |
| Currentassets: | |||
| Monetaryassets | 4,206,266,629.32 | 4,206,266,629.32 | |
| Settlementreserve | |||
| Interbankloansgranted | |||
| Held-for-tradingfinancialassets | |||
| Derivativefinancialassets | |||
| Notesreceivable | |||
| Accountsreceivable | 187,697,631.47 | 187,697,631.47 | |
| Accountsreceivablefinancing | |||
| Prepayments | 50,543,422.85 | 50,543,422.85 | |
| Premiumsreceivable | |||
| Reinsurancereceivables | |||
| Receivablereinsurancecontractreserve | |||
| Otherreceivables | 789,050,350.51 | 789,050,350.51 | |
| Including:Interestreceivable | |||
| Dividendsreceivable | |||
| Financialassetspurchasedunderresaleagreements | |||
| Inventories | 5,312,489,258.20 | 5,312,489,258.20 |
| Contractassets | |||
| Assetsheldforsale | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 48,991,965.92 | 48,991,965.92 | |
| Totalcurrentassets | 10,595,039,258.27 | 10,595,039,258.27 | |
| Non-currentassets: | |||
| Loansandadvancestocustomers | |||
| Investmentsindebtobligations | |||
| Investmentsinotherdebtobligations | |||
| Long-termreceivables | |||
| Long-termequityinvestments | 45,710,220.79 | 45,710,220.79 | |
| Investmentsinotherequityinstruments | 1,044,905.12 | 1,044,905.12 | |
| Othernon-currentfinancialassets | |||
| Investmentproperty | 484,738,506.83 | 484,738,506.83 | |
| Fixedassets | 116,233,936.04 | 116,233,936.04 | |
| Constructioninprogress | |||
| Productivelivingassets | |||
| Oilandgasassets | |||
| Right-of-useassets | 14,992,421.49 | 14,992,421.49 | |
| Intangibleassets | 482,049.51 | 482,049.51 | |
| Developmentcosts | |||
| Goodwill | |||
| Long-termprepaidexpense | 11,862,716.14 | 11,862,716.14 | |
| Deferredincometaxassets | 950,681,245.50 | 950,681,245.50 | |
| Othernon-currentassets | 1,564,074.34 | 1,564,074.34 | |
| Totalnon-currentassets | 1,612,317,654.27 | 1,627,310,075.76 | 14,992,421.49 |
| Totalassets | 12,207,356,912.54 | 12,222,349,334.03 | 14,992,421.49 |
| Currentliabilities: |
| Short-termborrowings | ||
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 468,269,685.65 | 468,269,685.65 |
| Advancesfromcustomers | 473,274.48 | 473,274.48 |
| Contractliabilities | 666,893,629.72 | 666,893,629.72 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 177,190,197.36 | 177,190,197.36 |
| Taxespayable | 2,487,212,979.37 | 2,487,212,979.37 |
| Otherpayables | 847,142,613.09 | 847,142,613.09 |
| Including:Interestpayable | ||
| Dividendspayable | 12,202,676.04 | 12,202,676.04 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 36,722,824.88 | 36,722,824.88 |
| Othercurrentliabilities | 43,354,691.51 | 43,354,691.51 |
| Totalcurrentliabilities | 4,727,259,896.06 | 4,727,259,896.06 |
| Non-currentliabilities: | |||
| Insurancecontractreserve | |||
| Long-termborrowings | 3,587,800,000.00 | 3,587,800,000.00 | |
| Bondspayable | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | 14,992,421.49 | 14,992,421.49 | |
| Long-termpayables | |||
| Long-termemployeebenefitspayable | |||
| Provisions | 2,396,947.00 | 2,396,947.00 | |
| Deferredincome | |||
| Deferredincometaxliabilities | 262.20 | 262.20 | |
| Othernon-currentliabilities | 108,778,327.45 | 108,778,327.45 | |
| Totalnon-currentliabilities | 3,698,975,536.65 | 3,713,967,958.14 | 14,992,421.49 |
| Totalliabilities | 8,426,235,432.71 | 8,441,227,854.20 | 14,992,421.49 |
| Owners’equity: | |||
| Sharecapital | 595,979,092.00 | 595,979,092.00 | |
| Otherequityinstruments | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Capitalreserves | 80,488,045.38 | 80,488,045.38 | |
| Less:Treasurystock | |||
| Othercomprehensiveincome | -6,749,589.41 | -6,749,589.41 | |
| Specificreserve | |||
| Surplusreserves | 19,205,979.63 | 19,205,979.63 | |
| Generalreserve | |||
| Retainedearnings | 3,038,993,912.43 | 3,038,993,912.43 | |
| TotalequityattributabletoownersoftheCompanyastheparent | 3,727,917,440.03 | 3,727,917,440.03 | |
| Non-controllinginterests | 53,204,039.80 | 53,204,039.80 |
| Totalowners’equity | 3,781,121,479.83 | 3,781,121,479.83 | |
| Totalliabilitiesandowners’equity | 12,207,356,912.54 | 12,222,349,334.03 | 14,992,421.49 |
NotestotheadjustmentsTheCompanyhasimplementedthenewIFRS16Leasessince1January2021,andaccordingtotheaccumulatednumberofimpactsbasedontheexecutionofthenewleasestandard,theCompanywilladjusttheamountofrelevantitemsinthefinancialstatementsatthebeginningofthefirstyearofexecution,andwillnotadjustinformationforcomparableperiods.Foroperationalleasingpriortothedateofinitialadoption,theCompanywillmeasuretheleaseliabilitiesaccordingtothepresentvaluediscountedattheincrementalborrowingrateonthedateofinitialadoptionbasedontheremainingleasepayments,andmakenecessaryadjustmentstotheright-of-useassetsatanamountequaltotheleaseliabilities.BalancesheetoftheCompanyastheparent
Unit:RMB
| Item | 31December2020 | 1January2021 | Adjustment |
| Currentassets: | |||
| Monetaryassets | 3,216,703,036.69 | 3,216,703,036.69 | |
| Held-for-tradingfinancialassets | |||
| Derivativefinancialassets | |||
| Notesreceivable | |||
| Accountsreceivable | 2,624,500.42 | 2,624,500.42 | |
| Accountsreceivablefinancing | |||
| Prepayments | |||
| Otherreceivables | 145,325,697.20 | 145,325,697.20 | |
| Including:Interestreceivable | |||
| Dividendsreceivable | |||
| Inventories | 653,885,107.24 | 653,885,107.24 | |
| Contractassets | |||
| Assetsheldforsale | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 496,729.09 | 496,729.09 | |
| Totalcurrentassets | 4,019,035,070.64 | 4,019,035,070.64 | |
| Non-currentassets: |
| Investmentsindebtobligations | |||
| Investmentsinotherdebtobligations | |||
| Long-termreceivables | |||
| Long-termequityinvestments | 1,071,176,101.18 | 1,071,176,101.18 | |
| Investmentsinotherequityinstruments | 1,275,405.12 | 1,275,405.12 | |
| Othernon-currentfinancialassets | |||
| Investmentproperty | 303,827,356.62 | 303,827,356.62 | |
| Fixedassets | 51,091,963.72 | 51,091,963.72 | |
| Constructioninprogress | |||
| Productivelivingassets | |||
| Oilandgasassets | |||
| Right-of-useassets | 727,535.23 | 727,535.23 | |
| Intangibleassets | |||
| Developmentcosts | |||
| Goodwill | |||
| Long-termprepaidexpense | 432,440.01 | 432,440.01 | |
| Deferredincometaxassets | 252,331,518.26 | 252,331,518.26 | |
| Othernon-currentassets | 1,197,407,234.55 | 1,197,407,234.55 | |
| Totalnon-currentassets | 2,877,542,019.46 | 2,878,269,554.69 | 727,535.23 |
| Totalassets | 6,896,577,090.10 | 6,897,304,625.33 | 727,535.23 |
| Currentliabilities: | |||
| Short-termborrowings | |||
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | |||
| Accountspayable | 55,887,947.36 | 55,887,947.36 | |
| Advancesfromcustomers |
| Contractliabilities | |||
| Employeebenefitspayable | 50,710,148.02 | 50,710,148.02 | |
| Taxespayable | 3,736,082.67 | 3,736,082.67 | |
| Otherpayables | 3,971,988,862.11 | 3,971,988,862.11 | |
| Including:Interestpayable | |||
| Dividendspayable | 29,642.40 | 29,642.40 | |
| Liabilitiesdirectlyassociatedwithassetsheldforsale | |||
| Currentportionofnon-currentliabilities | 31,573,154.86 | 31,573,154.86 | |
| Othercurrentliabilities | |||
| Totalcurrentliabilities | 4,113,896,195.02 | 4,113,896,195.02 | |
| Non-currentliabilities: | |||
| Long-termborrowings | 588,200,000.00 | 588,200,000.00 | |
| Bondspayable | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | 727,535.23 | 727,535.23 | |
| Long-termpayables | |||
| Long-termemployeebenefitspayable | |||
| Provisions | |||
| Deferredincome | |||
| Deferredincometaxliabilities | |||
| Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 | |
| Totalnon-currentliabilities | 628,200,000.00 | 628,927,535.23 | 727,535.23 |
| Totalliabilities | 4,742,096,195.02 | 4,742,823,730.25 | 727,535.23 |
| Owners’equity: | |||
| Sharecapital | 595,979,092.00 | 595,979,092.00 | |
| Otherequityinstruments | |||
| Including:Preferred |
| shares | |||
| Perpetualbonds | |||
| Capitalreserves | 53,876,380.11 | 53,876,380.11 | |
| Less:Treasurystock | |||
| Othercomprehensiveincome | -2,545,451.19 | -2,545,451.19 | |
| Specificreserve | |||
| Surplusreserves | 19,205,979.63 | 19,205,979.63 | |
| Retainedearnings | 1,487,964,894.53 | 1,487,964,894.53 | |
| Totalowners’equity | 2,154,480,895.08 | 2,154,480,895.08 | |
| Totalliabilitiesandowners’equity | 6,896,577,090.10 | 6,897,304,625.33 | 727,535.23 |
NotestotheadjustmentsTheCompanyhasimplementedthenewIFRS16Leasessince1January2021,andaccordingtotheaccumulatednumberofimpactsbasedontheexecutionofthenewleasestandard,theCompanywilladjusttheamountofrelevantitemsinthefinancialstatementsatthebeginningofthefirstyearofexecution,andwillnotadjustinformationforcomparableperiods.Foroperationalleasingpriortothedateofinitialadoption,theCompanywillmeasuretheleaseliabilitiesaccordingtothepresentvaluediscountedattheincrementalborrowingrateonthedateofinitialadoptionbasedontheremainingleasepayments,andmakenecessaryadjustmentstotheright-of-useassetsatanamountequaltotheleaseliabilities.
(4)RetroactiveAdjustmentstoComparativeDataofPriorYearswhenFirstExecutionofanyNewStandardsGoverningLeasessince2021
□Applicable√Notapplicable
45.OtherIntheNoteofthefinancialstatements,thedataoftheperiod-beginningreferstothefinancialstatementdataon1January2021;thedataoftheperiod-endreferstothefinancialstatementdataon30June2021;theReportingPeriodreferstotheH12021;thesameperiodoflastyearreferstotheH12020.ThesametotheCompanyastheparent.VITaxes
1.MainTaxesandTaxRates
| Categoryoftaxes | Taxbasis | Taxrate |
| VAT | Salesofgoodsorprovisionoftaxableservices | [Note1] |
| Urbanmaintenanceandconstructiontax | Turnovertaxpayable | Appliedto7%,5%,1%separatelyaccordingtotheregionallevel |
| Enterpriseincometax | Taxableincome | 25%、20%、15%、16.5%[Note2] |
| 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% |
| ShenzhenSZPRDHousingAssetsOperationandManagementCo.,Ltd. | 20% |
| 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% |
| SubsidiariesregisteredinVietnam | 20% |
| SubsidiariesregisteredinHongKongarea | 16.50% |
| Othertaxpayingbodieswithintheconsolidatedscope | 25% |
2.TaxPreference[Note2]:AccordingtotheregulationsofNo.2,PropertyServiceofNo.37,CommercialServiceamongtheencouragingcategoryof
theGuidanceCatalogueofIndustryStructureAdjustment(Y2011),thewesternindustrymetwiththeconditionsshouldbecollectedthecorporateincometaxaccordingto15%ofthetaxrate.ThesubsidiaryoftheGroupChongqingShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.appliestoabovepolicy.AccordingtotheStateAdministrationofTaxationNoticeontheImplementationofInclusiveTaxReliefPolicyforSmallandMicroEnterprises(Fiscal[2019]No.13),from1January2019,to31December2021,theportionoftheannualtaxableincomeofsmallandmicroenterprisesthatdoesnotexceedRMB1millionshallbeincludedinthetaxableincomeatareducedrateof25%,andtheenterpriseincometaxshallbepaidatataxrateof20%.IftheannualtaxableincomeexceedsRMB1millionanddoesnotexceedRMB3million,itshallbeincludedinthetaxableincomeatareducedrateof50%,andtheenterpriseincometaxshallbepaidatataxrateof20%.Thispolicyappliesto12subsidiariesofourgroupfrom2019onwards,includingChongqingAoboElevatorCo.,Ltd.,ShenzhenInternationalTradeCenterCateringCo.,Ltd.,etc.
3.Other[Note1]:TaxableitemsandtaxrateoftheVAToftheCompanyanditssubsidiariesareasfollows:
| Typeoftherevenue | Generalrate | Percentagechargesof |
| Salesofhouseproperty | 9% | 5% |
| Rentofrealestate | 9% | 5% |
| Propertyservice | 6% | 3% |
| Cateringservice | 6% | 3% |
| Others | 13% | -- |
VII.NotestoMajorItemsintheConsolidatedFinancialStatementsoftheCompany
1.MonetaryAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Cashonhand | 123,973.10 | 96,389.26 |
| Bankdeposits | 4,957,558,330.37 | 4,193,301,592.08 |
| Othermonetaryassets | 13,361,971.72 | 12,868,647.98 |
| Total | 4,971,044,275.19 | 4,206,266,629.32 |
| Ofwhich:thetotalamountdepositedoverseas | 50,557,748.04 | 51,323,986.36 |
| Thetotalamountwithrestrictedrightofuseformortgage,pledgeorfreeze | 17,754,631.22 | 38,111,717.09 |
OthernotesTheRMB13,361,971.72othermonetaryassetsmainlyincludeRMB1,148,647.30guaranteedeposit,RMB11,613,310.06cashdepositsforL/GandRMB11,031.58bankfrozenassets;TheRMB4,957,558,330.37bankdepositsincludeRMB4,937,087.93accruedinterestontimedepositsatPeriod-end.Theaboveamountisnotregardedascashandcashequivalentsduetorestrictionson
use.
2.Held-for-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 |
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Ofwhich: | ||||||||||
| Ofwhich: | ||||||||||
Baddebtprovisionseparatelyaccrued:
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
Baddebtprovisionwithdrawnaccordingtogroups:
Unit:RMB
| Name | Endingbalance |
| Carryingamount | Baddebtprovision | Withdrawalproportion |
Notesofthebasisofrecognizingthegroup:
Ifthebaddebtprovisionfornotesreceivablewaswithdrawninaccordancewiththegeneralmodelofexpectedcreditlosses,informationrelatedtobaddebtprovisionshallbedisclosedbyreferencetothedisclosuremethodofotherreceivables:
□Applicable√Notapplicable
(2)BadDebtProvisionWithdrawn,ReversedorCollectedduringtheReportingPeriodBaddebtprovisionwithdrawnintheReportingPeriod:
Unit:RMB
| Category | Beginningbalance | Increase/decrease | Endingbalance | |||
| Withdrawn | Reversedorcollected | Verified | Other | |||
Ofwhich,baddebtprovisioncollectedorreversedwithsignificantamount:
□Applicable√Notapplicable
(3)NotesReceivablePledgedbytheCompanyatthePeriod-end
Unit:RMB
| Item | Amount |
(4)NotesReceivablewhichHadEndorsedbytheCompanyorhadDiscountedandhadnotDueontheBalanceSheetDateatthePeriod-end
Unit:RMB
| Item | Amountofrecognitionterminationattheperiod-end | Amountofnotterminatedrecognitionattheperiod-end |
(5)NotesTransferredtoAccountsReceivablebecauseDraweroftheNotesFailedtoExecutetheContractorAgreement
Unit:RMB
| Item | Amountofthenotestransferredtoaccountsreceivableattheperiod-end |
Othernotes
(6)NotesReceivablewithActualVerificationfortheReportingPeriod
Unit:RMB
| Item | Amount |
Ofwhich,verificationofsignificantnotesreceivable:
Unit:RMB
| Nameoftheentity | Nature | Amount | Reason | Procedure | Whetheroccurredbecauseofrelated-partytransactions |
Notesoftheverificationofnotesreceivable
5.AccountsReceivable
(1)AccountsReceivableClassifiedbyCategory
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Accountsreceivablewithsinglebaddebtprovisionaccrued | 105,268,927.20 | 27.52% | 105,268,927.20 | 100.00% | 105,273,564.00 | 34.37% | 105,273,564.00 | 100.00% | ||
| Ofwhich: | ||||||||||
| Accountsreceivablewithbaddebtprovisionwithdrawnaccordingtogroups | 277,298,014.78 | 72.48% | 17,395,014.80 | 6.00% | 259,902,999.98 | 201,040,006.98 | 65.63% | 13,342,375.51 | 6.64% | 187,697,631.47 |
| Ofwhich: | ||||||||||
| Total | 382,566,941.98 | 100.00% | 122,663,942.00 | 32.00% | 259,902,999.98 | 306,313,570.98 | 100.00% | 118,615,939.51 | 39.00% | 187,697,631.47 |
Baddebtprovisionseparatelyaccrued:
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
| ShenzhenJiyongProperties& | 93,811,328.05 | 93,811,328.05 | 100.00% | Involvedinthelawsuitandnoexecutable |
| ResourcesDevelopmentCompany | property | |||
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2,836,561.00 | 100.00% | Uncollectibleforalongperiod |
| LunanIndustryCorporation | 2,818,284.84 | 2,818,284.84 | 100.00% | Pooroperatingconditions,uncollectibleforalongperiod |
| Thosewithinsignificantsingleamountforwhichbaddebtprovisionseparatelyaccrued | 5,802,753.31 | 5,802,753.31 | 100.00% | |
| Total | 105,268,927.20 | 105,268,927.20 | -- | -- |
Baddebtprovisionseparatelyaccrued:
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
Baddebtprovisionwithdrawnaccordingtogroups:
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Within1year | 241,978,667.33 | 7,259,360.02 | 3.00% |
| 1to2years | 22,307,419.50 | 2,230,741.95 | 10.00% |
| 2to3years | 4,005,077.27 | 1,201,523.18 | 30.00% |
| 3to4years | 4,051,500.30 | 2,025,750.15 | 50.00% |
| 4to5years | 1,388,554.43 | 1,110,843.54 | 80.00% |
| Over5years | 3,566,795.96 | 3,566,795.96 | 100.00% |
| Total | 277,298,014.79 | 17,395,014.80 | -- |
Notesofthebasisofrecognizingthegroup:
Baddebtprovisionwithdrawnaccordingtogroups:
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
Notesofthebasisofrecognizingthegroup:
Ifthebaddebtprovisionforaccountsreceivablewaswithdrawninaccordancewiththegeneralmodelofexpectedcreditlosses,informationrelatedtobaddebtprovisionshallbedisclosedbyreferencetothedisclosuremethodofotherreceivables:
□Applicable√NotapplicableDisclosedbyaging
Unit:RMB
| Aging | Carryingamount |
| Within1year(including1year) | 241,978,667.33 |
| 1to2years | 22,307,419.50 |
| 2to3years | 4,005,077.27 |
| Over3years | 114,275,777.88 |
| 3to4years | 4,051,500.30 |
| 4to5years | 1,388,554.43 |
| Over5years | 108,835,723.15 |
| Total | 382,566,941.98 |
(2)BadDebtProvisionWithdrawn,ReversedorCollectedduringtheReportingPeriodBaddebtprovisionwithdrawnintheReportingPeriod:
Unit:RMB
| Category | Beginningbalance | Increase/decrease | Endingbalance | |||
| Withdrawn | Reversedorcollected | Verified | Other | |||
| Baddebtprovisionseparatelyaccrued | 105,273,564.00 | 4,636.80 | 105,268,927.20 | |||
| Baddebtprovisionwithdrawnaccordingtogroups | 13,342,375.51 | 4,052,639.29 | 17,395,014.80 | |||
| Total | 118,615,939.51 | 4,052,639.29 | 4,636.80 | 122,663,942.00 | ||
Ofwhich,baddebtprovisioncollectedorreversedwithsignificantamount:
Unit:RMB
| Nameoftheentity | Amountreversedorcollected | Method |
(3)AccountsReceivablewithActualVerificationfortheReportingPeriod
Unit:RMB
| Item | Amount |
Ofwhich,verificationofsignificantaccountsreceivable:
Unit:RMB
| Nameoftheentity | Nature | Amount | Reason | Procedure | Whetheroccurredbecauseofrelated-partytransactions |
Notesoftheverificationofaccountsreceivable:
(4)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtotheArrearsParty
Unit:RMB
| Nameoftheentity | Endingbalanceofaccountsreceivable | %oftotalendingbalanceofaccountsreceivable | Endingbalanceofbaddebtprovision |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 24.52% | 93,811,328.05 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 91,137,483.07 | 23.82% | 2,734,124.49 |
| ShenzhenToutiaoTechnologyCo.,Ltd. | 10,985,418.37 | 2.87% | 329,562.55 |
| AliFutureHotelManagement(Zhejiang)Co.,Ltd. | 6,983,019.15 | 1.83% | 209,490.57 |
| ShenzhenMeiyaIndustryDevelopmentCo.,Ltd. | 2,645,673.28 | 0.69% | 79,370.20 |
| Total | 205,562,921.92 | 53.73% |
(5)AccountsReceivableDerecognizedduetotheTransferofFinancialAssets
(6)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivableOthernotes:
6.AccountsReceivableFinancing
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Increaseordecreaseofaccountsreceivablefinancingandchangesinfairvaluethereof
□Applicable√Notapplicable
Ifthedepreciationreserveforaccountsreceivablefinancingwaswithdrawninaccordancewiththegeneralmodelofexpectedcreditlosses,theinformationrelatedtodepreciationreserveshallbedisclosedbyreferencetothedisclosuremethodofotherreceivables:
□Applicable√NotapplicableOthernotes:
7.Prepayment
(1)ListbyAgingAnalysis
Unit:RMB
| Aging | Endingbalance | Beginningbalance | ||
| Amount | Proportion | Amount | Proportion | |
| Within1year | 30,531,873.80 | 40.02% | 28,553,066.87 | 55.83% |
| 1to2years | 24,815,955.14 | 32.53% | 1,208,311.68 | 2.36% |
| 2to3years | 990,792.73 | 1.30% | 769,153.00 | 1.50% |
| Over3years | 19,950,444.99 | 26.15% | 20,012,891.30 | 40.30% |
| Total | 76,289,066.66 | -- | 50,543,422.85 | -- |
Notesofthereasonsoftheprepaymentagingover1yearwithsignificantamountbutfailedsettledintime:
Theprepaymentagingoveroneyeararethevariousprepaidtaxes,likelandVAT,urbanconstructiontaxandeducationalsurtaxofprepaymentofrealestateprojectsstillnotreachingtherecognitionofincomeconditionsaccordingtotaxlaw;therelevantproceduresofconsciencemoneyincludinglandpricetransactionfeesandmunicipalsupportingfacilitiesfeehasn’tbeencompletedyet.
(2)Top5oftheEndingBalanceofthePrepaymentCollectedaccordingtothePrepaymentTarget
| Nameoftheentity | Carryingamount | As%ofthetotalendingbalanceoftheprepayments(%) |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | 36,850,000.00 | 48.30% |
| FinancialCommitteeofShenzhen | 19,509,471.00 | 25.57% |
| TaxBureauofTongshanDistrictinXuzhou | 481,628.41 | 0.63% |
| ShenzhenLipuConstructionIndustryCo.,Ltd. | 456,602.87 | 0.60% |
| ChongqingElectricPowerCorporation | 424,155.99 | 0.56% |
| Subtotal | 57,721,858.27 | 75.66% |
Othernotes:
8.OtherReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| OtherReceivables | 803,760,748.21 | 789,050,350.51 |
| Total | 803,760,748.21 | 789,050,350.51 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
2)SignificantOverdueInterest
Unit:RMB
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentandthejudgmentbasis |
Othernotes:
3)WithdrawalofBadDebtProvision
□Applicable√Notapplicable
(2)DividendsReceivable
1)CategoryofDividendsReceivable
Unit:RMB
| Item(orinvestees) | Endingbalance | Beginningbalance |
2)SignificantDividendsReceivableAgedover1Year
Unit:RMB
| Item(orinvestees) | Endingbalance | Aging | Reason | Whetheroccurredimpairmentandthejudgmentbasis |
3)WithdrawalofBadDebtProvision
□Applicable√NotapplicableOthernotes:
(3)OtherReceivables
1)OtherReceivablesDisclosedbyAccountNature
Unit:RMB
| Nature | Endingcarryingamount | Beginningcarryingamount |
| Margin | 9,362,541.31 | 10,259,805.89 |
| Cashdeposit | 52,177,688.46 | 45,948,194.30 |
| Pettycash | 4,622,314.10 | 595,148.50 |
| Paymentsonbehalf | 5,371,750.53 | 8,381,989.28 |
| Externalintercoursefunds | 775,178,639.44 | 763,481,109.87 |
| Other | 13,051,446.27 | 13,537,736.74 |
| Total | 859,764,380.11 | 842,203,984.58 |
2)WithdrawalofBadDebtProvision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2021 | 25,178,102.14 | 0.00 | 27,975,531.93 | 53,153,634.07 |
| Balanceof1January2021intheReportingPeriod | —— | —— | —— | —— |
| WithdrawaloftheReportingPeriod | 2,791,617.83 | 58,380.00 | 2,849,997.83 | |
| Balanceof30June2021 | 27,969,719.97 | 28,033,911.93 | 56,003,631.90 |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthereportingperiod
□Applicable√NotapplicableDisclosedbyaging
Unit:RMB
| Aging | Carryingamount |
| Within1year(including1year) | 26,159,741.13 |
| 1to2years | 45,415,188.00 |
| 2to3years | 735,972,999.68 |
| Over3years | 52,216,451.30 |
| 3to4years | 2,755,109.56 |
| 4to5years | 745,281.19 |
| Over5years | 48,716,060.55 |
| Total | 859,764,380.11 |
3)BadDebtProvisionWithdrawn,ReversedorCollectedduringtheReportingPeriod
BaddebtprovisionwithdrawnintheReportingPeriod:
Unit:RMB
| Category | Beginningbalance | Increase/decrease | Endingbalance | |||
| Withdrawn | Reversedorcollected | Verified | Other | |||
| Baddebtprovisionseparatelyaccrued | 27,975,531.93 | 58,380.00 | 28,033,911.93 | |||
| Withdrawalofbaddebtprovisionbygroups | 25,178,102.14 | 2,791,617.83 | 27,969,719.97 | |||
| Total | 53,153,634.07 | 2,849,997.83 | 56,003,631.90 | |||
Ofwhichbaddebtprovisionreveredorrecoveredwithsignificantamount:
Unit:RMB
| Nameoftheentity | Reversedorcollectedamount | Method |
4)ParticularsoftheActualVerificationofOtherReceivablesduringtheReportingPeriod
Unit:RMB
| Item | Amount |
Ofwhichsignificantactualverificationofotherreceivables:
Unit:RMB
| Nameoftheentity | Nature | Amount | Reason | Procedure | Whetheroccurredbecauseofrelated-partytransactions |
Notesofverificationofotherreceivables:
5)Top5oftheEndingBalanceoftheOtherReceivablesCollectedaccordingtotheArrearsParty
Unit:RMB
| Nameoftheentity | Nature | Endingbalance | Aging | Proportiontoendingbalanceofotherreceivables(%) | Endingbalanceofbaddebtprovision |
| ShenzhenXinhaiHoldingCo.,Ltd. | Externalintercoursefunds | 401,499,990.18 | 2-3年 | 46.70% | 0.00 |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | Externalintercoursefunds | 330,472,932.33 | 2-3年 | 38.44% | 0.00 |
| ShenzhenBanglingStockCooperativeCompany | Externalintercoursefunds | 30,000,000.00 | 1-2年 | 3.49% | 3,000,000.00 |
| AffordableHousingDevelopmentCenterofTongshanDistrictinXuZhou | Regulatorycapitalforpresaleofcommercialbuildings | 11,145,688.46 | 1-2年 | 1.30% | 1,114,568.85 |
| ShenzhenTianjunIndustrialCo.,Ltd. | Cooperationdeposit | 10,000,000.00 | 1年以内 | 1.16% | 300,000.00 |
| Total | -- | 783,118,610.97 | -- | 91.09% | 4,414,568.85 |
6)AccountsReceivableInvolvingGovernmentSubsidies
Unit:RMB
| Nameoftheentity | Projectofgovernmentsubsidies | Endingbalance | Agingatperiod-end | Estimatedrecoveringtime,amountandbasis |
7)DerecognitionofOtherReceivablesduetotheTransferofFinancialAssets
8)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofOtherReceivablesOthernotes:
9.Inventories
WhethertheCompanyneedstocomplywiththedisclosurerequirementsforrealestateindustryYes
(1)CategoryofInventories
TheCompanyneedstocomplywiththedisclosurerequirementsofShenzhenStockExchangeIndustryInformationDisclosureGuidelinesNo.3-ListedCompaniesEngagedinRealEstateIndustryClassificationbynature:
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Fallingpricereservesofinventoryordepreciationreservesofcontractperformancecost | Carryingvalue | Carryingamount | Fallingpricereservesofinventoryordepreciationreservesofcontractperformancecost | Carryingvalue | |
| R&Dexpenses | 5,086,835,457.58 | 6,648,404.13 | 5,080,187,053.45 | 4,867,562,388.16 | 6,648,404.13 | 4,860,913,984.03 |
| Developingproperties | 208,698,204.31 | 208,698,204.31 | 450,832,522.28 | 450,832,522.28 | ||
| Rawmaterials | 1,112,035.28 | 470,418.84 | 641,616.44 | 1,169,494.26 | 535,302.89 | 634,191.37 |
| Inventorygoods | 2,140,743.72 | 2,094,300.39 | 46,443.33 | 2,141,714.37 | 2,094,300.39 | 47,413.98 |
| Low-valueconsumptiongoods | 54,783.38 | 54,783.38 | 61,146.54 | 61,146.54 | ||
| Total | 5,298,841,224.27 | 9,213,123.36 | 5,289,628,100.91 | 5,321,767,265.61 | 9,278,007.41 | 5,312,489,258.20 |
Disclosemainitemsof"R&Dexpenses"andinterestcapitalizationinthefollowingformat:
Unit:RMB
| Nameofproject | Dateofcommencement | Estimateddateofcompletion | Estimatedtotalinvestment | Beginningbalance | Transferredtodevelopingpropertiesforthis | Otherdecreaseforthisperiod | Increase(R&Dexpenses)forthisperiod | Endingbalance | Accumulativeamountofcapitalizedinterest | Ofwhich:amountofcapitalizedinterest | Capitalresources |
| period | s | sforthisperiod | |||||||||
| GuanlanBanglingProject | 6,941,500,000.00 | 3,570,499,129.09 | 143,458,187.95 | 3,713,957,317.04 | 56,314,334.42 | 56,314,334.42 | Bankloan | ||||
| SZPRD-BanshanYujingPhaseII | 15March2019 | 30September2021 | 235,810,000.00 | 168,815,335.19 | 113,040.00 | 22,881,738.66 | 191,584,033.85 | Other | |||
| SZPRD-GoldenCollar’sResort-BuildingA | 1March2014 | 31December2021 | 357,000,000.00 | 245,596,393.07 | 29,953,149.27 | 275,549,542.34 | 1,059,684.29 | Other | |||
| SZPRD-FuchangGardenPhaseII | 1December2018 | 31December2022 | 801,090,000.00 | 608,580,860.21 | 19,110,354.67 | 627,691,214.88 | Other | ||||
| YupinluanshanGarden | 226,613,926.24 | 1,799,726.84 | 228,413,653.08 | Other | |||||||
| HainanQiongshanLand | 6,648,404.13 | 6,648,404.13 | Other | ||||||||
| ShenhuiGarden | 37,002,030.89 | 37,002,030.89 | Other | ||||||||
| FuyuantaiProject | 1,143,184.20 | 1,220,687.88 | 2,363,872.08 | Other | |||||||
| Other | 2,663,1 | 962,26 | 3,625,3 | Other |
| projects | 25.14 | 4.15 | 89.29 | ||||||||
| Total | -- | -- | 8,335,400,000.00 | 4,867,562,388.16 | 113,040.00 | 219,386,109.42 | 5,086,835,457.58 | 57,374,018.71 | 56,314,334.42 | -- |
Disclosemainitemsof“Developingproperties”inthefollowingformat:
Unit:RMB
| Nameofproject | Dateofcompletion | Beginningbalance | Increase | Decrease | Endingbalance | Accumulativeamountofcapitalizedinterests | Ofwhich:amountofcapitalizedinterestsforthisperiod |
| SZPRD-LangqiaoInternational | 1December2012 | 3,384,362.24 | 3,384,362.24 | ||||
| SZPRD-HupanYujingPhaseI | 1June2015 | 58,947,050.77 | 678,293.62 | 58,268,757.15 | 10,446,911.43 | ||
| SZPRD-BanshanYujingPhaseI | 1November2016 | 18,784,966.55 | 113,040.00 | 18,898,006.55 | 27,205,315.95 | ||
| SZPRD-SonghuLangyuan | 1July2017 | 25,150,175.95 | 305,308.44 | 24,844,867.51 | 30,539,392.65 | ||
| SZPRD-HupanYujingPhaseII | 1November2017 | 80,210,044.87 | 2,862,301.71 | 77,347,743.16 | |||
| SZPRD-GoldenCollar’sResort-BuildingBandBuildingC | 1December2019 | 254,824,025.85 | 218,487,178.75 | 36,336,847.10 | 25,325,952.00 | ||
| InternationalTradeCenter | 1December1995 | 4,839,083.10 | 4,839,083.10 |
| Plaza | ||||||
| HuangyuyuanAArea | 1June2001 | 790,140.58 | 790,140.58 | |||
| PodiumBuildingofFuchangBuilding | 1November1999 | 645,532.65 | 645,532.65 | |||
| Otherprojects | 3,257,139.72 | 1,016,268.90 | 2,240,870.82 | 83,077,702.96 | ||
| Total | -- | 450,832,522.28 | 113,040.00 | 242,247,357.97 | 208,698,204.31 | 176,595,274.99 |
Classificationof“Developingpropertieswiththecollectionofpaymentsininstallments”,“Rentingdevelopingproperties”and“TemporaryHousing”:
Unit:RMB
| Nameofproject | Beginningbalance | Increase | Decrease | Endingbalance |
(2)FallingPriceReservesofInventoryandDepreciationReservesofContractPerformanceCost
Disclosureoffallingprovisionwithdrawalofinventoryinthefollowingformat:
Classificationbynature:
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance | Note | ||
| Withdrawn | Other | Reversalorwrite-off | Other | ||||
| R&Dexpenses | 6,648,404.13 | 6,648,404.13 | |||||
| Rawmaterials | 535,302.89 | 64,884.05 | 470,418.84 | ||||
| Inventorygoods | 2,094,300.39 | 2,094,300.39 | |||||
| Total | 9,278,007.41 | 64,884.05 | 9,213,123.36 | -- | |||
Classifiedbynature:
Unit:RMB
| Nameofproject | Beginning | Increase | Decrease | Endingbalance | Note | ||
| Withdrawn | Other | Reversalor | Other | ||||
| balance | write-off |
(3)NotestotheEndingBalanceofInventoriesIncludingCapitalizedBorrowingExpense
| Nameofproject | Period-begin | ReportingPeriod | Carry-overinReportingPeriod | Period-end |
| SZPRD-LangqiaoInternational | 2,971,986.54 | 2,971,986.54 | ||
| SZPRD-HupanYujingPhaseI | 1,422,628.90 | 57,170.89 | 1,365,458.01 | |
| SZPRD-GoldenCollar’sResort | 12,740,265.51 | - | 4,495,689.79 | 8,244,575.72 |
| GuanlanBanglingproject | 56,314,334.42 | 56,314,334.42 | ||
| Subtotal | 17,134,880.95 | 56,314,334.42 | 4,552,860.68 | 68,896,354.69 |
(4)Inventoryrestrictions
Disclosingrestrictedinventorybyproject:
Unit:RMB
| Nameofproject | Beginningbalance | Endingbalance | ReasonfortheLimit |
10.ContractAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Depreciationreserves | Carryingvalue | Carryingamount | Depreciationreserves | Carryingvalue | |
AmountofsignificantchangesincarryingvalueofcontractassetsintheReportingPeriodandreasonsthereof:
Unit:RMB
| Item | Amountchanged | Reason |
Ifthebaddebtprovisionforcontractassetsinaccordancewiththegeneralmodelofexpectedcreditlosses,theinformationrelatedtothebaddebtprovisionshallbedisclosedbyreferencetothedisclosuremethodofotherreceivables:
□Applicable√NotapplicableWithdrawalofimpairmentprovisionforcontractassetsintheReportingPeriod
Unit:RMB
| Item | WithdrawaloftheReportingPeriod | ReversaloftheReportingPeriod | Write-off/verified | Reason |
Othernotes:
11.Held-for-saleAssets
Unit:RMB
| Item | Endingcarryingamount | Depreciationreserves | Endingcarryingvalue | Fairvalue | Estimateddisposalexpense | Estimateddisposaltime |
Othernotes:
12.CurrentPortionofNon-currentAssets
Unit:RMB
| 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 | 16,030,350.44 | 7,467,152.90 |
| Deductedinputtax | 13,079,133.12 | 11,705,028.57 |
| PrepaidlandVAT | 15,872,072.37 | 28,960,506.43 |
| Prepaidurbanconstructiontax | 1,122,124.53 | 501,245.53 |
| Prepaideducationsurcharge | 801,517.52 | 358,032.49 |
| Total | 46,905,197.98 | 48,991,965.92 |
Othernotes:
14.Investmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Depreciationreserves | Carryingvalue | Carryingamount | Depreciationreserves | Carryingvalue | |
Significantinvestmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
Withdrawalofimpairmentprovision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2021intheReportingPeriod | —— | —— | —— | —— |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthereportingperiod
□Applicable√NotapplicableOthernotes:
15.OtherInvestmentsinDebtObligations
Unit:RMB
| Item | Beginningbalance | Accruedinterest | ChangeinfairvalueintheReportingPeriod | Endingbalance | Costs | Accumulatedchangesinfairvalue | Accumulatedprovisionforlossesrecognizedinothercomprehensiveincome | Note |
Significantotherinvestmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
Withdrawalofimpairmentprovision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcredit | Expectedlossinthe | Expectedlossinthe |
| lossofthenext12months | duration(creditimpairmentnotoccurred) | duration(creditimpairmentoccurred) | ||
| Balanceof1January2021intheReportingPeriod | —— | —— | —— | —— |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthereportingperiod
□Applicable√NotapplicableOthernotes:
16.Long-termReceivables
(1)ListofLong-termReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance | Intervalofdiscountrate | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | ||
Impairmentofbaddebtprovision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2021intheReportingPeriod | —— | —— | —— | —— |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthereportingperiod
□Applicable√Notapplicable
(2)DerecognitionofLong-termReceivablesduetotheTransferofFinancialAssets
(3)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofLong-termReceivablesOthernotes
17.Long-termEquityInvestment
Unit:RMB
| Investees | Beginning | Increase/decrease | Endingbalance | Endingbalance | |||||||
| Addition | Reduced | Gains | Adjust | Change | Cash | Withdr | Other | ||||
| balance(carryingvalue) | alinvestment | investment | andlossesrecognizedundertheequitymethod | mentofothercomprehensiveincome | sofotherequity | bonusorprofitsannouncedtoissue | awalofdepreciationreserves | (carryingvalue) | ofdepreciationreserves | ||
| I.Jointventures | |||||||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 39,053,923.92 | 3,139,733.17 | 42,193,657.09 | ||||||||
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd. | 6,656,296.87 | 78,750.00 | 6,735,046.87 | ||||||||
| Subtotal | 45,710,220.79 | 3,218,483.17 | 48,928,703.96 | ||||||||
| II.Associatedenterprises | |||||||||||
| ShenzhenWufangPottery&PorcelainIndustrialCo., | 18,983,614.14 | 18,983,614.14 | 18,983,614.14 | ||||||||
| Ltd. | ||||
| 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 | |
| ShenzhenEducati | 500,000.00 | 500,000.00 | 500,000.00 |
| onFundLonghuaInvestment | ||||
| ShenzhenKangleSportsClubHuangfaBranch | 540,060.00 | 540,060.00 | 540,060.00 | |
| DankengVillagePlantsofFumininGuanlanTown,ShenzhenCity | 1,168,973.20 | 1,168,973.20 | 1,168,973.20 | |
| ShenzhenBullEntertainmentCo.,Ltd. | 500,000.00 | 500,000.00 | 500,000.00 | |
| ShenzhenLianhuaCaitianPropertyManagementCo.,Ltd. | 1,475,465.91 | 1,475,465.91 | 1,475,465.91 |
| ShenzhenYangyuanIndustrialCo.,Ltd. | 1,030,000.00 | 1,030,000.00 | 1,030,000.00 | |
| JiakaifengCo.,Ltd.Bao’anCompany | 600,000.00 | 600,000.00 | 600,000.00 | |
| GuiyuanGarage | 350,000.00 | 350,000.00 | 350,000.00 | |
| ShenzhenWuweibenRoofGreeningCo.,Ltd. | 500,000.00 | 500,000.00 | 500,000.00 | |
| ShenzhenYuanpingPlasticSteelDoorsCo.,Ltd. | 240,000.00 | 240,000.00 | 240,000.00 | |
| ShenzhenYoufangPrintingCo.,Ltd. | 100,000.00 | 100,000.00 | 100,000.00 | |
| ShenzhenLusheng | 100,000.00 | 100,000.00 | 100,000.00 |
| IndustrialDevelopmentCo.,Ltd. | ||||||
| Subtotal | 31,754,397.22 | 31,754,397.22 | 31,754,397.22 | |||
| Total | 77,464,618.01 | 3,218,483.17 | 80,683,101.18 | 31,754,397.22 |
Othernotes
18.Otherequityinstrumentinvestment
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| GintianIndustry(Group)Co.,Ltd. | 773,704.00 | 1,044,905.12 |
| Total | 773,704.00 | 1,044,905.12 |
Non-tradingequityinstrumentinvestmentintheReportingPerioddisclosedbyitems
Unit:RMB
| Nameofproject | Dividendincomerecognized | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
| GintianIndustry(Group)Co.,Ltd. | 2,816,652.31 | Notaimingatgainingearningsbysellingequity |
Othernotes:
19.Othernon-currentfinancialassets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
20.InvestmentProperty
(1)InvestmentPropertyAdoptingtheCostMeasurementMode
√Applicable□Notapplicable
Unit:RMB
| Item | Housesandbuildings | Landuseright | Constructioninprogress | Total |
| I.Originalcarryingvalue | ||||
| 1.Beginningbalance | 806,486,705.38 | 30,262,437.05 | 33,319,759.75 | 870,068,902.18 |
| 2.Increasedamountoftheperiod | 4,025,081.41 | 4,025,081.41 | ||
| (1)Outsourcing | 4,025,081.41 | 4,025,081.41 | ||
| (2)Transferfrominventories/fixedassets/constructioninprogress | ||||
| (3)Enterprisecombinationincrease |
| 3.Decreasedamountoftheperiod | 8,783,828.36 | 8,783,828.36 | ||
| (1)Disposal | 1,525,917.94 | 1,525,917.94 | ||
| (2)Othertransfer | 7,136,107.37 | 7,136,107.37 | ||
| (3)Exchangeadjustment | ||||
| 4.Endingbalance | 806,486,705.38 | 30,262,437.05 | 28,561,012.80 | 865,310,155.23 |
| II.Accumulativedepreciationandaccumulativeamortization | ||||
| 1.Beginningbalance | 362,944,868.15 | 15,342,910.07 | 7,042,617.13 | 385,330,395.35 |
| 2.Increasedamountoftheperiod | 13,855,349.30 | 527,538.78 | 3,956,426.82 | 18,339,314.90 |
| (1)Withdrawaloramortization | 13,855,349.30 | 527,538.78 | 3,956,426.82 | 18,339,314.90 |
| 3.Decreasedamount | 5,363,887.20 | 5,363,887.20 |
| oftheperiod | ||||
| (1)Disposal | 50,705.46 | 50,705.46 | ||
| (2)Othertransfer | 5,197,468.84 | 5,197,468.84 | ||
| (3)Exchangeadjustment | 115,712.90 | 115,712.90 | ||
| 4.Endingbalance | 376,800,217.45 | 15,870,448.85 | 5,635,156.75 | 398,305,823.05 |
| III.Depreciationreserves | ||||
| 1.Beginningbalance | ||||
| 2.Increasedamountoftheperiod | ||||
| (1)Withdrawal |
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
| (2)Othertransfer |
| 4.Endingbalance | ||||
| IV.Carryingvalue | ||||
| 1.Endingcarryingvalue | 429,686,487.93 | 14,391,988.20 | 22,925,856.05 | 467,004,332.18 |
| 2.Beginningcarryingvalue | 443,541,837.23 | 14,919,526.98 | 26,277,142.62 | 484,738,506.83 |
(2)InvestmentPropertyAdoptingtheFairValueMeasurementMode
□Applicable√NotapplicableTheCompanyneedstocomplywiththedisclosurerequirementsofShenzhenStockExchangeIndustryInformationDisclosureGuidelinesNo.3-ListedCompaniesEngagedinRealEstateIndustryInvestmentpropertiesmeasuredinfairvaluebyprojectdisclosure:
Unit:RMB
| Nameofproject | Geographiclocation | Dateofcompletion | Buildingarea | LeaseincomeduringthisReporting | Beginningfairvalue | Endingfairvalue | Rangeoffairvaluechanges | Reasonforfairvaluechangesandreportindex |
WhethertheCompanyhasnewinvestmentpropertiesinconstructionperiodmeasuredinfairvalue
□Yes√NoWhethertheCompanyhasnewinvestmentpropertiesmeasuredinfairvalue
□Yes√No
(3)InvestmentPropertyFailedtoAccomplishCertificationofProperty
Unit:RMB
PeriodItem
| Item | Carryingvalue | Reason |
| 02-01plotofStatutoryplaninBaolongEastArea | 8,697,781.98 | ReplacedfromtheconstructionofXiamen-ShenzhenRailway,andhasn’texchangedforthenewcertification |
| Meilinland | 0.00 | Obtainedafterthesuccessinthelastinstancein2017,relevantcertificationsofpropertyareintheprocedure[note1] |
| 507units,BlockNo.6,Maguling | 25,953.71 | Thehouseisusedforpropertymanagement,onceoccupiedbythethirdparty,apropertymanagementcompany,nowhasbeenrecovered,buthasn’thandledthewarrantyet. |
Othernotes[Note1]Asof30June2021,withregardtotheMeilinland,thegrossamountwasRMB3,885,469.40,thecumulativedepreciationwasRMB3,885,469.40,andthecarryingamountwasRMB0.
21.Fixedassets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Fixedassets | 108,878,082.57 | 116,233,936.04 |
| Total | 108,878,082.57 | 116,233,936.04 |
(1)ListofFixedAssets
Unit:RMB
| Item | Housesandbuildings | Machineryequipment | Transportation | Decorationofthefixedassets | Otherequipment | Total |
| I.Originalcarryingvalue | ||||||
| 1.Beginning | 160,927,555.25 | 4,933,197.00 | 14,976,483.00 | 34,061,422.86 | 42,530,271.18 | 257,428,929.29 |
| balance | ||||||
| 2.Increasedamountoftheperiod | 7,155.97 | 853,977.39 | 1,968,926.86 | 2,830,060.22 | ||
| (1)Purchase | 7,155.97 | 853,977.39 | 1,968,926.86 | 2,830,060.22 | ||
| (2)Transferfromconstructioninprogress | ||||||
| (3)Enterprisecombinationincrease |
| 3.Decreasedamountoftheperiod | 1,179,844.00 | 1,324,421.51 | 273,532.29 | 2,777,797.80 | ||
| (1)Disposalorscrap | 1,179,844.00 | 205,231.46 | 1,385,075.46 | |||
| (2)Exchangeadjustment | 68,300.83 | 68,300.83 | ||||
| 1,324,421.51 | 1,324,421.51 | |||||
| 4.Endingbalance | 160,927,555.25 | 4,940,352.97 | 14,650,616.39 | 32,737,001.35 | 44,225,665.75 | 257,481,191.71 |
| II.Accumulativedepreciation | ||||||
| 1.Beginningbalance | 105,061,072.73 | 219,685.18 | 10,040,163.20 | 4,963,933.66 | 20,834,421.32 | 141,119,276.09 |
| 2.Increasedamountoftheperiod | 2,155,942.92 | 237,030.36 | 670,932.11 | 3,273,700.80 | 2,794,585.87 | 9,132,192.06 |
| (1)Withdrawal | 2,155,942.92 | 237,030.36 | 670,932.11 | 3,273,700.80 | 2,794,585.87 | 9,132,192.06 |
| 3.Decreasedamountoftheperiod | 1,143,119.00 | 331,105.98 | 249,851.19 | 1,724,076.17 | |
| (1)Disposalorscrap | 1,143,119.00 | 331,105.98 | 187,697.43 | 1,330,816.43 | |
| (2)Exchange | 62,153.76 | 62,153.76 |
adjustment
4.Endingbalance
| 4.Endingbalance | 107,217,015.65 | 456,715.54 | 9,567,976.31 | 7,906,528.48 | 23,379,156.00 | 148,527,391.98 |
| III.Depreciationreserves | ||||||
| 1.Beginningbalance | 75,717.16 | 75,717.16 | ||||
| 2.Increasedamountoftheperiod | ||||||
| (1)Withdrawal |
| 3.Decreasedamountoftheperiod |
| (1)Disposalorscrap |
| 4.Endingbalance | 75,717.16 | 75,717.16 | ||||
| IV.Carryingvalue | ||||||
| 1.Endingcarryingvalue | 53,710,539.60 | 4,483,637.43 | 5,082,640.08 | 24,830,472.87 | 20,770,792.59 | 108,878,082.57 |
| 2.Beginningcarryingvalue | 55,866,482.52 | 4,713,511.82 | 4,936,319.80 | 29,097,489.20 | 21,620,132.70 | 116,233,936.04 |
(2)ListofTemporarilyIdleFixedAssets
Unit:RMB
| Item | Originalcarryingvalue | Accumulativedepreciation | Depreciationreserves | Carryingvalue | Note |
(3)FixedAssetsLeasedoutbyOperationLease
Unit:RMB
| Item | Endingcarryingvalue |
(4)FixedAssetsFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
| Room406,2units,HulunbuirGuangxiaDigitalBuilding | 2,658,678.10 | Propertyrightdisputesbefore,nowhaswonalawsuitwithunaccomplishedcertificationofproperty. |
| Room401,402,SanxiangBusinessBuildingOfficeBuilding | 768,325.04 | Theofficebuildingwillberemovedduetotheprojectadjustmentandahigh-riseofficebuildingwillbeestablishednearbythepresentaddress.Theexistingpropertyshallbereplacedafterthecompletionofthenewofficebuilding.Thus,thecertificationofthepropertyisfailedtotransact. |
Othernotes
(5)ProceedsfromDisposalofFixedAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes
22.Constructioninprogress
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(1)ListofConstructioninProgress
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Depreciationreserves | Carryingvalue | Carryingamount | Depreciationreserves | Carryingvalue | |
(2)ChangesinSignificantConstructioninProgressduringtheReportingPeriod
Unit:RMB
| Nameofproject | Budget | Beginningbalanc | Increase | Transferredin | Otherdecreasefor | Endingbalance | Proportionofaccum | Jobschedule | Accumulativeamoun | Ofwhich:Amou | Capitalizationrateof | Capitalresources |
| e | fixedassets | thisperiod | ulatedinvestmentinconstructionstobudget | tofcapitalizedinterests | ntofcapitalizedinterestsfortheReportingPeriod | interestsfortheReportingPeriod |
(3)ListoftheWithdrawaloftheDepreciationReservesforConstructioninProgress
Unit:RMB
| Item | Amountwithdrawn | Reasonforwithdrawal |
Othernotes
(4)EngineeringMaterials
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Depreciationreserves | Carryingvalue | Carryingamount | Depreciationreserves | 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 |
| 1.Beginningbalance | 14,992,421.49 | 14,992,421.49 |
| 4.Endingbalance | 14,992,421.49 | 14,992,421.49 |
| 2.Increasedamountoftheperiod | 2,234,883.36 | 2,234,883.36 |
| (1)Withdrawal | 2,234,883.36 | 2,234,883.36 |
| 4.Endingbalance | 2,234,883.36 | 2,234,883.36 |
| 1.Endingcarryingvalue | 12,757,538.12 | 12,757,538.12 |
| 2.Beginningcarryingvalue | 14,992,421.49 | 14,992,421.49 |
Othernotes:
26.IntangibleAssets
(1)ListofIntangibleAssets
Unit:RMB
| Item | Landuseright | Patentright | Non-patenttechnology | Softwareuseright | Total |
| I.Originalcarryingvalue | |||||
| 1.Beginningbalance | 1,234,387.66 | 1,234,387.66 | |||
| 2.Increasedamountoftheperiod | |||||
| (1)Purchase | |||||
| (2)InternalR&D | |||||
| (3)Enterprisecombinationincrease |
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
| 4.Endingbalance | 1,234,387.66 | 1,234,387.66 | |
| II.Accumulatedamortization | |||
| 1.Beginning | 752,338.15 | 752,338.15 |
| balance | |||
| 2.Increasedamountoftheperiod | 109,157.94 | 109,157.94 | |
| (1)Withdrawal | 109,157.94 | 109,157.94 |
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
| 4.Endingbalance | 861,496.09 | 861,496.09 | |
| III.Depreciationreserves | |||
| 1.Beginningbalance | |||
| 2.Increasedamountoftheperiod | |||
| (1)Withdrawal |
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
| 4.Endingbalance | |||
| IV.Carryingvalue | |||
| 1.Endingcarryingvalue | 372,891.57 | 372,891.57 | |
| 2.Beginningcarryingvalue | 482,049.51 | 482,049.51 |
TheproportionofintangibleassetsformedfromtheinternalR&DoftheCompanyatthePeriod-endtotheendingbalanceofintangibleassets
(2)LandUseRightFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
Othernotes:
27.DevelopmentCosts
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance | ||||
| Internaldevelopment | Other | Recognizedasintangibleassets | Transfertocurrentgainsandlosses | |||||
Othernotes
28.Goodwill
(1)OriginalCarryingValueofGoodwill
Unit:RMB
Total
Nameoftheinvestedunitsoreventsgeneratinggoodwill
| Nameoftheinvestedunitsoreventsgeneratinggoodwill | Beginningbalance | Increase | Decrease | Endingbalance | ||
| Formedbybusinesscombination | Disposal | |||||
(2)DepreciationReservesofGoodwill
Unit:RMB
Total
Nameoftheinvestedunitsoreventsgeneratinggoodwill
| Nameoftheinvestedunitsoreventsgeneratinggoodwill | Beginningbalance | Increase | Decrease | Endingbalance | ||
| Withdrawn | Disposal | |||||
InformationontheassetsgrouporcombinationofassetsgroupswhichgoodwillbelongstoNotesofthetestingprocessofgoodwillimpairment,parameters(suchasgrowthrateoftheforecastperiod,growthrateofstable
period,rateofprofit,discountrate,forecastperiodandsoonforpredictionoffuturepresentvalueofcashflows)andtherecognitionmethodofgoodwillimpairmentlosses:
InfluenceofgoodwillimpairmenttestingOthernotes
29.Long-termPrepaidExpense
Unit:RMB
| Item | Beginningbalance | Increase | Amortizationamountoftheperiod | Otherdecreasedamount | Endingbalance |
| Renovationcosts | 11,862,716.14 | 8,358,643.42 | 2,189,487.04 | 18,031,872.52 | |
| Total | 11,862,716.14 | 8,358,643.42 | 2,189,487.04 | 18,031,872.52 |
Othernotes
30.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
(1)DeferredIncomeTaxAssetsthatHadnotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Deductibletemporarydifference | Deferredincometaxassets | Deductibletemporarydifference | Deferredincometaxassets | |
| Provisionforimpairmentofassets | 159,561,501.79 | 38,148,368.00 | 152,217,586.91 | 36,392,566.23 |
| Unrealizedprofitofinternaltransactions | 78,108,204.86 | 19,527,051.16 | 28,484,507.52 | 7,121,126.86 |
| Deductiblelosses | 1,299,573,666.39 | 324,242,526.68 | 1,340,927,414.29 | 334,560,251.68 |
| AccruedlandVAT | 2,708,258,608.51 | 677,064,652.12 | 1,979,350,706.70 | 494,837,676.67 |
| Estimatedprofitcalculatedatpre-salerevenueofpropertyenterprises | 467,066,803.38 | 116,766,700.85 | 307,175,110.51 | 76,793,777.63 |
| Advertisingexpenses | 732,916.52 | 183,229.13 | 1,272,210.76 | 318,052.69 |
| Otheraccruedexpenses | 2,177,598.37 | 314,903.23 | 4,548,732.57 | 657,793.74 |
| Total | 4,715,479,299.82 | 1,176,247,431.17 | 3,813,976,269.26 | 950,681,245.50 |
(2)DeferredIncomeTaxLiabilitiesHadnotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Deductibletemporarydifference | Deferredincometaxliabilities | Deductibletemporarydifference | Deferredincometaxliabilities | |
| Thecarryingvalueoffixedassetswaslargerthanthetaxbasis | 1,048.80 | 262.20 | 1,048.80 | 262.20 |
| Total | 1,048.80 | 262.20 | 1,048.80 | 262.20 |
(3)DeferredIncomeTaxAssetsorLiabilitiesListedbyNetAmountafterOff-set
Unit:RMB
| Item | Mutualset-offamountofdeferredincometaxassetsandliabilitiesattheperiod-end | Endingbalanceofdeferredincometaxassetsorliabilitiesafteroff-set | Mutualset-offamountofdeferredincometaxassetsandliabilitiesattheperiod-begin | Beginningbalanceofdeferredincometaxassetsorliabilitiesafteroff-set |
| Deferredincometaxassets | 1,176,247,431.17 | 950,681,245.50 | ||
| Deferredincometaxliabilities | 262.20 | 262.20 |
(4)ListofUnrecognizedDeferredIncomeTaxAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Deductibletemporarydifference | 61,255,144.06 | |
| Deductiblelosses | 216,487,018.16 | 201,769,872.08 |
| Total | 216,487,018.16 | 263,025,016.14 |
(5)DeductibleLossesofUnrecognizedDeferredIncomeTaxAssetswillDueintheFollowingYears
Unit:RMB
| Years | Endingamount | Beginningamount | Note |
| Y2020 | |||
| Y2021 | |||
| Y2022 | 50,009,689.70 | 55,165,608.46 | Thedeductiblelossesof2017 |
| Y2024 | 124,830,194.64 | 124,830,194.64 | Thedeductiblelossesof2019 |
| Y2025 | 21,774,068.98 | 21,774,068.98 | Thedeductiblelossesof2020 |
| Y2026 | 19,873,064.84 | Thedeductiblelossesof2021 | |
| Total | 216,487,018.16 | 201,769,872.08 | -- |
Othernotes:
31.OtherNon-currentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Depreciationreserves | Carryingvalue | Carryingamount | Depreciationreserves | Carryingvalue | |
| Prepaymentforpurchaseoffixedassets,investmentpropertiesandintangibleassets | 3,155,763.35 | 3,155,763.35 | 867,619.10 | 867,619.10 | ||
| Other | 696,455.24 | 696,455.24 | ||||
| Total | 3,155,763.35 | 3,155,763.35 | 1,564,074.34 | 1,564,074.34 | ||
Othernotes:
32.Short-termBorrowings
(1)CategoryofShort-termBorrowings
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Notesofshort-termborrowingscategory:
(2)ListoftheShort-termBorrowingsOverduebutnotReturned
Theamountoftheoverdueunpaidshort-termborrowingsattheperiod-endwasRMBXXX,ofwhichthesignificantoverdueunpaidshort-termborrowingsareasfollows:
Unit:RMB
| Entity | Endingbalance | Interestrate | Overduetime | Overduechargerate |
Othernotes:
33.TradingFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ofwhich: |
Othernotes:
34.DerivativeFinancialLiabilities
Unit:RMB
Ofwhich:
Item
| Item | Endingbalance | Beginningbalance |
Othernotes:
35.NotesPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
ThetotalamountofnotespayableduebutunpaidwasRMBXXX.
36.AccountsPayable
(1)ListofAccountsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Engineeringconstructionexpensepayable | 195,384,051.27 | 334,297,738.31 |
| Accruedexpenses | 106,295,342.47 | 46,894,644.22 |
| Other | 63,905,015.39 | 87,077,303.12 |
| Total | 365,584,409.13 | 468,269,685.65 |
(2)SignificantAccountsPayableAgedover1Year
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ChinaConstructionFourthEngineeringDivisionCorp.,Ltd. | 56,604,763.90 | Unsettled |
| ShenzhenPlanningBureauofLandResources | 25,000,000.00 | Historicalproblems |
| ShanghaiMingpengConstructionGroupCo.,Ltd. | 5,976,705.79 | Unsettled |
| ShenzhenDesignDecorationEngineeringCo.,Ltd. | 2,389,324.51 | Unsettled |
| JinchenGroupCo.,Ltd. | 1,940,067.98 | Qualityguaranteedepositforproject |
| Total | 91,910,862.18 | -- |
Othernotes:
37.AdvancesfromCustomers
(1)ListofAdvancesfromCustomers
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Rent | 774,178.01 | 473,274.48 |
| Total | 774,178.01 | 473,274.48 |
(2)SignificantAdvancesfromCustomersAgedover1Year
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
Othernotes:
TheCompanyneedstocomplywiththedisclosurerequirementsofShenzhenStockExchangeIndustryInformationDisclosureGuidelinesNo.3-ListedCompaniesEngagedinRealEstateIndustryTheproceedsinformationoftopfiveadvancesaleamount:
Unit:RMB
| S/N | Nameofproject | Beginningbalance | Endingbalance | Estimateddateofcompletion | Advancesaleproportion |
38.ContractLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Housepaymentinadvance | 821,379,428.89 | 633,340,922.42 |
| Propertyfeeinadvance | 13,178,919.50 | 13,124,519.01 |
| Otherpaymentinadvance | 18,809,046.24 | 20,428,188.29 |
| Total | 853,367,394.63 | 666,893,629.72 |
SignificantchangesinamountofcarryingvalueandthereasonintheReportingPeriod
Unit:RMB
| Item | Amountchanged | Reason |
| GoldenCollar’sResortBuildingB/C | 182,074,684.09 | Netincreaseinpre-collectedhousingpaymentsafterdeductingcarry-overincome |
| BanshanYujingPhaseI | -20,523,809.52 | Meetthecarryoverincomecondition |
| HupanYujingPhaseII | 17,207,099.09 | Netincreaseinpre-collectedhousingpaymentsafterdeductingcarry-overincome |
| Total | 178,757,973.66 | —— |
39.PayrollPayable
(1)ListofPayrollPayable
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| I.Short-termsalary | 175,382,038.91 | 314,226,010.00 | 340,253,887.24 | 149,354,161.67 |
| II.Post-employmentbenefit-definedcontributionplans | 1,808,158.45 | 32,788,971.01 | 32,190,820.13 | 2,406,309.33 |
| III.Terminationbenefits | 418,411.40 | 418,411.40 | ||
| Total | 177,190,197.36 | 347,433,392.41 | 372,863,118.77 | 151,760,471.00 |
(2)ListofShort-termSalary
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| 1.Salary,bonus,allowance,subsidy | 160,923,367.59 | 275,539,585.61 | 300,139,266.36 | 136,323,686.84 |
| 2.Employeewelfare | 1,769,666.63 | 13,248,861.01 | 13,505,290.79 | 1,513,236.85 |
| 3.Socialinsurance | 223,040.80 | 9,885,347.58 | 9,872,331.58 | 236,056.80 |
| Ofwhich:Medicalinsurancepremiums | 223,040.80 | 8,541,794.91 | 8,530,476.51 | 234,359.20 |
| Work-relatedinjuryinsurance | 356,470.68 | 356,470.68 | ||
| Maternityinsurance | 445,181.11 | 443,483.51 | 1,697.60 | |
| 4.Housingfund | 509,510.97 | 9,565,906.97 | 9,634,205.97 | 441,211.97 |
| 5.Laborunionbudgetandemployeeeducationbudget | 11,956,452.92 | 5,986,308.83 | 7,102,792.54 | 10,839,969.21 |
| Total | 175,382,038.91 | 314,226,010.00 | 340,253,887.24 | 149,354,161.67 |
(3)ListofDefinedContributionPlans
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| 1.Basicpensionbenefits | 28,126,710.25 | 28,006,278.31 | 120,431.94 | |
| 2.Unemploymentinsurance | 672,338.73 | 672,338.73 | ||
| 3.Annuity | 1,808,158.45 | 3,989,922.03 | 3,512,203.09 | 2,285,877.39 |
| Total | 1,808,158.45 | 32,788,971.01 | 32,190,820.13 | 2,406,309.33 |
Othernotes:
40.TaxesPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| VAT | 17,435,173.60 | 47,751,975.47 |
| Corporateincometax | 258,424,851.25 | 448,111,036.28 |
| Personalincometax | 4,558,253.24 | 4,826,634.10 |
| Urbanmaintenanceandconstructiontax | 1,129,080.01 | 3,165,158.73 |
| LandVAT | 2,708,394,207.00 | 1,979,388,881.01 |
| Propertytax | 4,546,267.75 | 447,199.94 |
| Landusetax | 1,549,041.66 | 941,099.10 |
| Educationsurcharge | 518,996.60 | 1,372,723.27 |
| Localeducationsurcharge | 341,128.17 | 918,545.34 |
| Other | 41,697.53 | 289,726.13 |
| Total | 2,996,938,696.81 | 2,487,212,979.37 |
Othernotes:
41.OtherPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Dividendspayable | 12,202,676.04 | 12,202,676.04 |
| OtherPayables | 898,163,208.62 | 834,939,937.05 |
| Total | 910,365,884.66 | 847,142,613.09 |
(1)Interestpayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Listofthesignificantoverdueunpaidinterest:
Unit:RMB
| Entity | Overdueamount | Overduereason |
Othernotes:
(2)Dividendspayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ordinarysharedividends | 12,202,676.04 | 12,202,676.04 |
| Total | 12,202,676.04 | 12,202,676.04 |
Othernotes,includingsignificantdividendspayableunpaidforover1year,theunpaidreasonshallbedisclosed:
| Item | Amountunpaid | Unpaidreason |
| ShenzhenSouthChinaInvestmentDevelopmentCo.,Ltd. | 9,871.20 | Withoutaccesstoitsaccount |
| WenlingQualityControlAssociation | 9,871.02 | Withoutaccesstoitsaccount |
| ShanghaiWeihongIndustry&TradeCo.,Ltd. | 9,900.00 | Withoutaccesstoitsaccount |
| ChinaShenzhenInternationalCooperation(Group)Co.,Ltd. | 0.18 | Withoutaccesstoitsaccount |
| ShenzhenGreeningDepartment | 10,869,036.68 | Companyrestructuredwithoutclearingpaymentobject |
| LaborUnionofShenzhenGreeningDepartment | 1,300,000.00 | Companyrestructuredwithoutclearingpaymentobject |
| ShenzhenSportsAdministration | 3,996.96 | Finalpaymentunpaid |
| Total | 12,202,676.04 |
(3)OtherPayables
1)OtherPayablesListedbyNature
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Margin | 252,654,782.18 | 236,714,842.73 |
| Cashdeposit | 15,218,526.29 | 18,041,272.10 |
| Collectiononbehalf | 14,349,624.86 | 12,818,680.31 |
| Intercoursefund | 445,523,812.86 | 426,354,105.87 |
| Accruedexpenses | 144,871,649.35 | 93,276,622.77 |
| Paymentsonbehalf | 13,685,621.41 | 14,038,360.90 |
| Other | 11,859,191.67 | 33,696,052.37 |
| Total | 898,163,208.62 | 834,939,937.05 |
2)SignificantOtherPayablesAgedover1Year
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ShenzhenPasonAluminumTechnologyCo.,Ltd. | 198,352,106.44 | Projectcooperationfunds,theprojecthasnotbeencompleted |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 38,796,665.14 | Come-and-goaccountswithoutspecificpaymentterm |
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd. | 5,214,345.90 | Come-and-goaccountswithoutspecificpaymentterm |
| ShenzhenSocialCommonwealFoundation | 3,323,202.00 | Didnotsubmitthepaymentapplication |
| RainbowCo.,Ltd. | 2,380,000.00 | Marginwithintheleasingperiod |
| Total | 248,066,319.48 | -- |
Othernotes
42.Held-for-saleLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
43.CurrentPortionofNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Currentportionoflong-termborrowings | 67,002,418.07 | 36,722,824.88 |
| Total | 67,002,418.07 | 36,722,824.88 |
Othernotes:
44.OtherCurrentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Taxestobewrittenoff | 53,141,477.75 | 43,354,691.51 |
| Total | 53,141,477.75 | 43,354,691.51 |
Increase/decreaseoftheshort-termbondspayable:
Unit:RMB
| Bondsname | Parvalue | Issuingdate | Duration | Issuingamount | Beginningbalance | Thecurrentissue | Withdrawalofinterestbyparvalue | Amortizationofpremiumanddepreciation | RepaymentintheReportingPeriod | Endingbalance |
Othernotes:
45.Long-termBorrowings
(1)CategoryofLong-termBorrowings
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Pledgedborrowings | 2,999,500,000.00 | 2,999,600,000.00 |
| Mortgageloan | 3,000,000.00 | 3,000,000.00 |
| Creditborrowings | 554,400,000.00 | 585,200,000.00 |
| Total | 3,556,900,000.00 | 3,587,800,000.00 |
Notestothecategoryoflong-termborrowings:
Othernotes,includingtheintervalofinterestrate:
Thepledgedborrowingsattheperiod-endwereusedtodeveloptheBanglingurbanrenewalprojectofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.(hereinafterreferredtoas“RongyaoRealEstate”)withthedurationfrom29November2019to20November2024,applyingtheborrowingratebyrising1.55%complyingwithone-yearlevelofloanprimerate.And69%equityofRongyaoRealEstateheldbytheCompanywaspledgedandtheguaranteemodewasthejointliabilityguaranty.Themortgageborrowingsattheperiod-endwereusedforthedailyoperatingactivitiesofShenZhenProperties&ResourcesDevelopment(Group)Ltd.(hereinafterreferredtoastheCompany)withthedurationfrom27November2020to27November2023,applyingafloatinginterestrate.Thefirst-phaseexecutioninterestratewas4.655%,andthepledgewasthelanduserightofFuminNewVillageinFutianDistrictoftheCompany.Thecreditborrowingsattheperiod-endwereusedforthetransactionpaymentofequityofShenzhenToukongPropertyManagementCo.,Ltd.withthedurationfrom18May2020to10May2025,applyingtheborrowingratebyadding23.5basispointscomplyingwithone-yearlevelofloanprimerate.
46.BondsPayable
(1)ListofBondsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(2)Increase/DecreaseofBondsPayable(ExcludingOtherFinancialInstrumentClassifiedasFinancialLiabilitiessuchasPreferredSharesandPerpetualBonds)
Unit:RMB
| Bondsname | Parvalue | Issuingdate | Duration | Issuingamount | Beginningbalance | Thecurrentissue | Withdrawalofinterestbyparvalue | Amortizationofpremiumanddepreciation | RepaymentintheReportingPeriod | Endingbalance |
| Total | -- | -- | -- |
(3)NotestotheConditionsandTimeoftheSharesTransferoftheConvertibleCorporateBonds
(4)NotestoOtherFinancialInstrumentsClassifiedasFinancialLiabilitiesBasicsituationofotherfinancialinstrumentssuchaspreferredsharesandperpetualbondsoutstandingattheperiod-endChangesinfinancialinstrumentssuchaspreferredsharesandperpetualbondsoutstandingattheperiod-end
Unit:RMB
| Outstandingfinancialinstrument | Period-begin | Increase | Decrease | Period-end | ||||
| Amount | Carryingvalue | Amount | Carryingvalue | Amount | Carryingvalue | Amount | Carryingvalue | |
NotestobasisfortheclassificationofotherfinancialinstrumentsasfinancialliabilitiesOthernotes
47.LeaseLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Long-termleaseliabilities | 13,025,535.53 | 14,992,421.49 |
| Total | 13,025,535.53 | 14,992,421.49 |
Othernotes
48.Long-termPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(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 | Endingbalance | Beginningbalance |
(2)ChangesinDefinedBenefitPlans
Obligationpresentvalueofdefinedbenefitplans:
Unit:RMB
| Item | Reportingperiod | Sameperiodoflastyear |
Planassets:
Unit:RMB
| Item | Reportingperiod | Sameperiodoflastyear |
Netliabilities(netassets)ofdefinedbenefitplans:
Unit:RMB
| Item | Reportingperiod | Sameperiodoflastyear |
Notesofinfluenceofcontentofdefinedbenefitplansanditsrelevantriskstothefuturecashflow,timeanduncertaintyoftheCompany:
Notestotheresultsofsignificantactuarialassumptionsandsensitivityanalysisofdefinedbenefitplans:
Othernotes:
50.Provisions
Unit:RMB
| Item | Endingbalance | Beginningbalance | Reasonforformation |
| Pendinglitigation | 2,396,947.00 | 2,396,947.00 | CaiBaolin'slawsuitontheresidualvalueofdecoration |
| Total | 2,396,947.00 | 2,396,947.00 | -- |
Othernotes,includingnotestorelatedsignificantassumptionsandevaluationofsignificantprovisions:
RefertoNoteXIV(2)fordetails.
51.DeferredIncome
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance | Reasonforformation |
Iteminvolvinggovernmentgrants:
Unit:RMB
| Item | Beginningbalance | Amountofnewlysubsidy | Amountrecordedintonon-operatingincomeintheReportingPeriod | AmountrecordedintootherincomeintheReportingPeriod | AmountoffsetcostintheReportingPeriod | Otherchanges | Endingbalance | Relatedtoassets/relatedtoincome |
Othernotes:
52.OtherNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Utilityspecificfund | 237,163.63 | 490,603.18 |
| Housingprinciplefund | 16,381,903.25 | 16,825,921.62 |
| Housewarmingdeposit | 6,557,020.08 | 6,925,380.49 |
| ElectricEquipmentMaintenancefund | 4,019,415.44 | 4,019,415.44 |
| Deputedmaintenancefund | 35,418,419.28 | 34,453,351.12 |
| Follow-upinvestmentofemployeesforGuanlanBanglingproject | 40,000,000.00 | 40,000,000.00 |
| Other | 5,091,701.45 | 6,063,655.60 |
| Total | 107,705,623.13 | 108,778,327.45 |
Othernotes:
53.ShareCapital
Unit:RMB
| Beginningbalance | Increase/decrease(+/-) | Endingbalance | |||||
| Newsharesissued | Bonusshares | Bonusissuefromprofit | Other | Subtotal | |||
| Thesumofshares | 595,979,092.00 | 595,979,092.00 | |||||
Othernotes:
54.OtherEquityInstruments
(1)TheBasicInformationofOtherFinancialInstrumentssuchasPreferredStockandPerpetualBondOutstandingattheEndofthePeriod
(2)ChangesinFinancialInstrumentssuchasPreferredStockandPerpetualBondOutstandingattheEndofthePeriod
Unit:RMB
| Outstandingfinancialinstruments | Period-begin | Increase | Decrease | Period-end | ||||
| Amount | Carryingvalue | Amount | Carryingvalue | Amount | Carryingvalue | Amount | Carryingvalue | |
ThecurrentchangesinotherequityinstrumentsandthecorrespondingreasonsandthebasisoftherelevantaccountingtreatmentOthernotes:
55.CapitalReserve
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| Othercapitalreserves | 80,488,045.38 | 80,488,045.38 | ||
| Total | 80,488,045.38 | 80,488,045.38 |
Othernotes,includingchangesandreasonofchange:
56.TreasuryShares
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
Othernotes,includingchangesandreasonofchange:
57.OtherComprehensiveIncome
Unit:RMB
| Item | Beginningbalance | ReportingPeriod | Endingbalance | |||||
| IncomebeforetaxationintheCurrentPeriod | Less:RecordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:RecordedintoothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentperiod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
| I.Othercomprehensiveincomethatmaynotbereclassifiedtoprofitorloss | -2,545,451.19 | -265,258.45 | -265,258.45 | -2,810,709.64 | ||||
| Changesinfairvalueofotherequityinstrumentinvestment\ | -2,545,451.19 | -265,258.45 | -265,258.45 | -2,810,709.64 | ||||
| II.Othercomprehensiveincomethatmaysubsequentlybereclassifiedtoprofitorloss | -4,204,138.22 | -553,439.16 | -553,439.16 | -4,757,577.38 | ||||
| Differencesarisingfromtranslationofforeigncurrencydenominatedfinancialstatements | -4,204,138.22 | -553,439.16 | -553,439.16 | -4,757,577.38 | ||||
| Totalofothercomprehensiveincome | -6,749,589.41 | -818,697.61 | -818,697.61 | -7,568,287.02 | ||||
Othernotes,includingtheadjustmentoftheeffectivegain/lossoncashflowhedgestotheinitialrecognizedamount:
58.SpecificReserve
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
Othernotes,includingchangesandreasonofchange:
59.SurplusReserves
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| Statutorysurplusreserves | 19,205,979.63 | 19,205,979.63 | ||
| Total | 19,205,979.63 | 19,205,979.63 |
Notes,includingchangesandreasonofchange:
60.RetainedEarnings
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Beginningbalanceofretainedearningsbeforeadjustments | 3,038,993,912.43 | 2,457,119,795.39 |
| Beginningbalanceofretainedearningsafteradjustments | 3,038,993,912.43 | 2,457,119,795.39 |
| Add:NetprofitattributabletoownersoftheCompanyastheparent | 676,375,523.75 | 798,572,121.74 |
| Less:Appropriatestatutorysurplusreserve | 2,802,342.02 | |
| Dividendofordinarysharespayable | 244,351,427.72 | 214,552,473.12 |
| Other | -656,810.44 | |
| Endingretainedearnings | 3,471,018,008.46 | 3,038,993,912.43 |
Listofadjustmentofbeginningretainedearnings:
1)RMBXXXbeginningretainedearningswasaffectedbyretrospectiveadjustmentconductedaccordingtotheAccountingStandardsforBusinessEnterprisesandrelevantnewregulations.
2)RMBXXXbeginningretainedearningswasaffectedbychangesinaccountingpolicies.
3)RMBXXXbeginningretainedearningswasaffectedbycorrectionofsignificantaccountingerrors.
4)RMBXXXbeginningretainedearningswasaffectedbychangesincombinationscopearisingfromsamecontrol.
5)RMBXXXbeginningretainedearningswasaffectedtotallybyotheradjustments.
61.OperatingRevenueandCostofSales
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear | ||
| Operatingrevenue | Costofsales | Operatingrevenue | Costofsales | |
| Mainoperations | 2,497,241,031.93 | 745,670,023.16 | 1,388,266,376.69 | 596,935,670.85 |
| Otheroperations | 43,624,107.32 | 8,615,003.08 | 32,811,391.14 | 14,759,272.95 |
| Total | 2,540,865,139.25 | 754,285,026.24 | 1,421,077,767.83 | 611,694,943.80 |
Relevantinformationofrevenue:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |
| Ofwhich: |
| Realestatebusiness | 1,897,026,889.73 | 1,897,026,889.73 | |
| Leasingoperation | 102,026,517.70 | 102,026,517.70 | |
| Propertymanagement | 541,811,731.82 | 541,811,731.82 | |
| Ofwhich: | |||
| Shenzhen | 2,327,869,659.69 | 2,327,869,659.69 | |
| Others | 212,995,479.56 | 212,995,479.56 | |
| Ofwhich: | |||
| Ofwhich: | |||
| Ofwhich: | |||
| Ofwhich: | |||
| Ofwhich: |
Informationrelatedtoperformanceobligations:
On30June2021,thetransactionpriceassignedtounfulfilled(orpartiallyunfulfilled)performanceobligationswasestimatedtoRMB853million,whichismainlyexpectedfuturerevenueoftransactionpricethathaven’tmetthedeliveryconditionsstipulatedinsalescontractsofrealestate.TheCompanyisexpectedtorecognizetherealizationofsalesrevenuewithinoneyearwhenthehousepropertyiscompletedandpassedtheacceptancewhichmeetthedeliveryconditionsstipulatedinsalescontracts,andwhenthecustomersacquirethecontrolrightsofrelevantgoodsorservices.Informationrelatedtotransactionvalueassignedtoresidualperformanceobligations:
TheamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyetwasRMB853,367,394.63attheperiod-end,amongwhichRMB853,367,394.63wasexpectedtoberecognizedin2021,RMBXXXinXXXyearandRMBXXXinXXXyear.OthernotesTheCompanyneedstocomplywiththedisclosurerequirementsofShenzhenStockExchangeIndustryInformationDisclosureGuidelinesNo.3-ListedCompaniesEngagedinRealEstateIndustryThetop5accountsreceivedwithconfirmedamountintheReportingPeriod:
Unit:RMB
| No. | Nameofproject | Incomebalance |
| 1 | GoldenCollar’sResortB,C | 1,849,123,912.29 |
| 2 | BanshanYujingPhaseI | 21,000,000.00 |
| 3 | HupanYujingPhaseII | 9,404,349.57 |
| 4 | XinhuaTown | 3,669,619.99 |
| 5 | SonghuLangyuan | 947,032.39 |
62.TaxesandSurtaxes
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Urbanmaintenanceandconstructiontax | 8,573,235.69 | 4,909,118.92 |
| EducationSurcharge | 3,679,377.59 | 2,190,590.78 |
| Propertytax | 4,969,986.40 | 4,767,394.20 |
| Landusetax | 723,179.43 | 416,264.69 |
| Stampduty | 1,234,895.15 | 349,634.68 |
| Localeducationsurtax | 2,453,237.62 | 1,342,087.15 |
| LandVAT | 792,335,513.52 | 380,741,616.91 |
| Othertaxes | 12,625.49 | 26,773.28 |
| Total | 813,982,050.89 | 394,743,480.61 |
Othernotes:
63.SellingExpense
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Agencyfee | 1,623,764.43 | 2,151,630.50 |
| Consultancyandsalesservicecharges | 583,313.72 | 3,853,286.19 |
| Promotionandadvertisingfee | 4,348,607.25 | 914,173.18 |
| Employeebenefits | 2,806,347.15 | 2,569,826.33 |
| Other | 1,055,184.02 | 2,055,143.99 |
| Total | 10,417,216.57 | 11,544,060.19 |
Othernotes:
64.AdministrativeExpense
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Employeebenefits | 72,212,753.03 | 63,277,704.59 |
| Administrativeofficecost | 6,146,316.18 | 4,730,219.94 |
| Assetsamortizationanddepreciationexpense | 7,692,453.61 | 5,064,453.12 |
| Litigationcosts | 162,113.87 | 521,647.00 |
| Other | 18,700,886.92 | 14,838,979.70 |
| Total | 104,914,523.61 | 88,433,004.35 |
Othernotes:
65.DevelopmentExpense
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
Othernotes:
66.FinanceCosts
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Interestexpense | 38,497,817.45 | 84,859,496.80 |
| Less:Interestincome | -38,205,027.20 | -31,227,361.24 |
| Foreignexchangegainsorlosses | 39,617.59 | 100,514.83 |
| Other | 787,470.65 | -286,332.01 |
| Total | 1,119,878.49 | 53,446,318.38 |
Othernotes:
67.OtherIncome
Unit:RMB
| Sources | ReportingPeriod | Sameperiodoflastyear |
| Governmentgrantsrelatedtoincome | 226,082.01 | 82,514.69 |
| Governmentgrantsrelatedtoassets | 24,375.69 | |
| Commissionchargesreturnofdeductibleincometax | 198,544.06 | 196,952.96 |
| AdditionaldeductionofVAT | 1,979,065.73 | 2,618,150.17 |
| Total | 2,403,691.80 | 2,921,993.51 |
68.InvestmentIncome
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 3,218,483.17 | 157,061.79 |
| Total | 3,218,483.17 | 157,061.79 |
Othernotes:
69．NetGainonExposureHedges
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
Othernotes:
70.GainonChangesinFairValue
Unit:RMB
| Sources | ReportingPeriod | Sameperiodoflastyear |
Othernotes:
71.CreditImpairmentLoss
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Baddebtloss | -6,797,536.40 | 1,115,927.46 |
| Total | -6,797,536.40 | 1,115,927.46 |
Othernotes:
72.AssetImpairmentLoss
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| II.Lossoninventoryvaluationandcontractperformancecost | -33,715.66 | 1,832.91 |
| Total | -33,715.66 | 1,832.91 |
Othernotes:
73.AssetDisposalIncome
Unit:RMB
| Sources | ReportingPeriod | Sameperiodoflastyear |
74.Non-operatingIncome
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Governmentgrants | 3,588,738.19 | ||
| Confiscatedincome | 1,071,282.94 | 313,043.22 | 1,071,282.94 |
| Demolitioncompensation | 7,293,820.40 | 7,293,820.40 | |
| Gainsondamageandscrapofnon-currentassets | 7,000.00 | 14,826.92 | 7,000.00 |
| Other | 1,500,368.85 | 327,567.57 | 1,500,368.85 |
| Total | 9,872,472.19 | 4,244,175.90 | 9,872,472.19 |
Governmentgrantsrecordedintocurrentprofitorloss
Unit:RMB
| Item | Distributionentity | Distributionreason | Nature | Whetherinfluencetheprofitsorlossesoftheyearornot | Specialsubsidyornot | ReportingPeriod | Sameperiodoflastyear | Relatedtoassets/relatedtoincome |
Othernotes:
75.Non-operatingExpense
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Donation | 2,030,000.00 | ||
| Totallossfromdisposalofnon-currentassets | 21,448.90 | 21,448.90 | |
| Litigationexpenses | 114,571.79 | 114,571.79 | |
| Penaltyandfinefordelayingpayment | 1,039,219.45 | 27,535.95 | 1,039,219.45 |
| Other | 765,028.41 | 341,951.75 | 765,028.41 |
| Total | 1,940,268.55 | 2,399,487.70 | 1,940,268.55 |
Othernotes:
76.IncomeTaxExpense
(1)ListofIncomeTaxExpense
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Currentincometaxexpense | 419,748,343.11 | 97,681,962.31 |
| Deferredincometaxexpense | -225,504,829.05 | -8,287,946.60 |
| Total | 194,243,514.06 | 89,394,015.71 |
(2)AdjustmentProcessofAccountingProfitandIncomeTaxExpense
Unit:RMB
| Item | ReportingPeriod |
| Profitbeforetaxation | 862,869,570.00 |
| Currentincometaxexpenseaccountedatstatutory/applicabletaxrate | 215,717,392.50 |
| Influenceofapplyingdifferenttaxratesbysubsidiaries | 1,103,668.34 |
| Influenceofincometaxbeforeadjustment | -22,781,705.32 |
| Influenceofnon-deductiblecosts,expensesandlosses | 596,340.96 |
| Theeffectofusingdeductiblelossesofdeferredincometaxassetsthathavenotbeenrecognizedinthepreviousperiod | 45,068.31 |
| InfluenceofdeductibletemporarydifferenceordeductiblelossesofunrecognizeddeferredincometaxintheReportingPeriod | -437,250.73 |
| Incometaxexpense | 194,243,514.06 |
Othernotes:
77.OtherComprehensiveIncomeRefertoNoteVII-57fordetails.
78.CashFlowStatement
(1)CashGeneratedfromOtherOperatingActivities
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Largeintercoursefundsreceived | 58,249,073.49 | 274,561,798.03 |
| Interestincome | 58,110,890.94 | 20,729,921.32 |
| Netmargins,securitydepositandvariousspecialfundsreceived | 8,180,874.28 | 2,825,399.61 |
| Varioustypesofcollectionandpaymentreceived | 36,171,818.34 | 32,970,968.51 |
| Othersmallreceivables | 1,912,443.42 | 2,631,928.91 |
| Total | 162,625,100.47 | 333,720,016.38 |
Notes:
(2)CashUsedinOtherOperatingActivities
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Payingadministrativeexpenseincash | 23,081,730.53 | 20,150,492.86 |
| Payingsellingexpenseincash | 5,789,812.13 | 20,841,852.20 |
| Largeintercoursefundspaid | 43,547,353.05 | 48,968,020.00 |
| Othersmallpayments | 2,103,448.69 | 1,265,190.63 |
| Total | 74,522,344.40 | 91,225,555.69 |
Notes:
(3)CashGeneratedfromOtherInvestingActivities
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
Notes:
(4)CashUsedinOtherInvestingActivities
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
Notes:
(5)CashGeneratedfromOtherFinancingActivities
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
Notes:
(6)CashUsedinOtherFinancingActivities
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
Notes:
79.SupplementalInformationforCashFlowStatement
(1)SupplementalInformationforCashFlowStatement
Unit:RMB
| Supplementalinformation | ReportingPeriod | Sameperiodoflastyear |
| 1.Reconciliationofnetprofittonetcashflowsgeneratedfromoperatingactivities | -- | -- |
| Netprofit | 668,626,055.94 | 177,863,448.66 |
| Add:Provisionforimpairmentofassets | 6,831,252.06 | -1,117,760.37 |
| Depreciationoffixedassets,oil-gasassets,andproductivelivingassets | 27,471,506.96 | 24,423,533.46 |
| Depreciationofrightassets | 2,234,883.36 |
| Amortizationofintangibleassets | 109,157.94 | 109,162.21 |
| Amortizationoflong-termprepaidexpenses | 2,189,487.04 | 1,555,086.14 |
| Losondisposaloffixedassets,intangibleassetsandotherlong-termassets(gains:negative) | 0.00 | |
| Lossesonscrapoffixedassets(gains:negative) | 14,448.90 | -14,826.92 |
| Lossfromfairvaluechange(gains:negative) | ||
| Financecosts(gains:negative) | 38,497,817.45 | 84,859,496.80 |
| Investmentloss(gains:negative) | -3,218,483.17 | -157,061.79 |
| Decreaseindeferredincometaxassets(gains:negative) | -225,566,185.67 | -8,287,946.60 |
| Increaseindeferredincometaxliabilities(“-”meansdecrease) | 0.00 | 0.00 |
| Decreaseininventory(gains:negative) | 22,875,129.38 | -455,620,688.15 |
| Decreaseinaccountsreceivablegeneratedfromoperatingactivities(gains:negative) | -114,622,713.69 | 32,911,883.76 |
| Increaseinaccountspayableusedinoperatingactivities(decrease:negative) | 712,128,424.23 | -1,479,706,466.10 |
| Other | ||
| Netcashgeneratedfrom/usedinoperatingactivities | 1,137,570,780.73 | -1,623,182,138.90 |
| 2.Significantinvestingandfinancingactivitieswithoutinvolvementofcashreceiptsandpayments | -- | -- |
| Conversionofdebtintocapital | ||
| Convertiblecorporatebondsduewithinoneyear | ||
| Fixedassetsunderfinancinglease | ||
| 3.Netincrease/decreaseofcashandcashequivalent: | -- | -- |
| Endingbalanceofcash | 4,953,289,643.97 | 3,056,069,770.97 |
| Less:Beginningbalanceofcash | 4,168,154,911.83 | 3,285,345,233.47 |
| Add:Endingbalanceofcashequivalents | ||
| Less:Beginningbalanceofcashequivalents | ||
| Netincreaseincashandcashequivalents | 785,134,732.14 | -229,275,462.50 |
(2)NetCashPaidForAcquisitionofSubsidiaries
Unit:RMB
| Amount | |
| Ofwhich: | -- |
| Ofwhich: | -- |
| Ofwhich: | -- |
Othernotes:
(3)NetCashReceivefromDisposaloftheSubsidiaries
Unit:RMB
| Amount | |
| Ofwhich: | -- |
| Ofwhich: | -- |
| Ofwhich: | -- |
Othernotes:
(4)CashandCashEquivalents
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| I.Cash | 4,953,289,643.97 | 4,168,154,911.83 |
| Including:Cashonhand | 123,973.10 | 164,191.19 |
| Bankdepositondemand | 4,952,496,226.44 | 3,043,214,965.74 |
| Othermonetaryassetsondemand | 669,444.43 | 12,690,614.04 |
| III.Endingbalanceofcashandcashequivalents | 4,953,289,643.97 | 4,168,154,911.83 |
| Including:CashandcashequivalentsoftheCompanyastheparentorsubsidiariesoftheGroupwithrestrictionsonuse | 0.00 | 0.00 |
Othernotes:
80.NotestoItemsoftheStatementsofChangesinOwners’EquityNotestothenameof“Other”ofendingbalanceofthesameperiodoflastyearadjustedandtheamountadjusted:
81.AssetswithRestrictedOwnershiporRightofUse
Unit:RMB
| Item | Endingcarryingvalue | Reasonforrestriction |
| Monetaryassets | 17,754,631.22 | Note(1)-(6) |
| LanduserightofFuminNewVillage,FutianDistrict | 542,507,314.43 | Note(7) |
| Total | 560,261,945.65 | -- |
Othernotes:
(1)Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewaslimitedcapitaloffrozenaccountwithRMB11,031.58inthesubsidiarycompanyShenzhenHuazhengpengPropertyManagementCo.,Ltd.
(2)Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasescrowmarginamountwithRMB44,554.35inthecateringbranchofthesubsidiarycompanyShandongShenguomaoRealEstateManagementCo.,Ltd.
(3)Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,asarealestatedeveloper,theCompanyhasprovidedmortgageguaranteesforcommercialhousingpurchasersandpaidloanguaranteesofRMB1,148,647.30accordingtorealestatebusinesspractices.
(4)Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewaspaymentguaranteeofRMB11,213,310.06signedbytheCompany'ssubsidiarySZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd.andJiangsuHanjianGroupCo.,Ltd.on1June2020,ofwhichtheprincipalwasRMB11,075,002.60andtheinterestwasRMB138,307.46.ThenumberofthepaymentguaranteewasXingyinXubao(2020)25.
(5)Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasinterestoffixedtimedepositofRMB4,937,087.93unduebutwithdrawnattheperiod-end.
(6)Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasletterofguaranteeofRMB400,000.00issuedbyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.forprojectbiddingforsupervisionserviceofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.phaseIIurbanrenewalunitprojectofBanglingArea,GuanlanStreet,LonghuaDistrictin2020.
(7)Duetotheneedsofdailybusinessactivities,thecompanyappliedforloanfromBankofCommunications,ShenzhenBranchtomortgagethelanduserightofFuminNewVillage,FutianDistrict.Thetermoftheloanwasfrom27November2020to27November2023.Theinterestrateoftheloanwasfloating,andthefirstexecutioninterestratewas4.655%.
82.ForeignCurrencyMonetaryItems
(1)ForeignCurrencyMonetaryItems
Unit:RMB
| Item | Endingforeigncurrencybalance | Exchangerate | EndingbalanceconvertedtoRMB |
| Monetaryassets | -- | -- | |
| Ofwhich:USD | |||
| EUR | |||
| HKD | 60,073,369.82 | 0.8416 | 50,557,748.04 |
| Accountsreceivable | -- | -- |
| Ofwhich:USD | ||
| EUR | ||
| HKD |
| Long-termborrowings | -- | -- |
| Ofwhich:USD | ||
| EUR | ||
| HKD |
Othernotes:
(2)NotestoOverseasEntitiesIncluding:forSignificantOverseaEntities,MainOperatingPlace,RecordingCurrencyandSelectionBasisShallBeDisclosed;ifthereAreChangesinRecordingCurrency,RelevantReasonsShallBeDisclosed.
√Applicable□Notapplicable
| Item | Mainoperatingplace | Recordingcurrency | Basisforchoosing |
| ShumYipPropertiesDevelopmentCo.,Ltd.anditssubsidiary | HongKong | HKD | LocatedinHK,settledbyHKD |
83.Arbitrage
Qualitativeandquantitativeinformationofrelevantarbitrageinstruments,hedgedriskinlinewiththetypeofarbitragetodisclose:
84.GovernmentGrants
(1)BasicInformationonGovernmentGrants
Unit:RMB
| Category | Amount | Listeditems | Amountrecordedinthecurrentprofitorloss |
| SmallandmicrobusinessesVATexemption | 20,977.78 | Otherincome | 20,977.78 |
| Stablepostsubsidy | 205,104.23 | Otherincome | 205,104.23 |
| Total | 226,082.01 | 226,082.01 |
(2)ReturnofGovernmentGrants
□Applicable√NotapplicableOthernotes:
85.OtherVIII.ChangesofConsolidationScope
1.BusinessCombinationNotundertheSameControl
(1)BusinessCombinationNotundertheSameControlduringtheReportingPeriod
Unit:RMB
| Nameofacquiree | Timeandplaceofgainingtheequity | Costofgainingtheequity | Proportionofequity | Waytogaintheequity | Purchasedate | Recognitionbasisofpurchasedate | Incomeofacquireefromthepurchasedatetoperiod-end | Netprofitsofacquireefromthepurchasedatetoperiod-end |
Othernotes:
(2)CombinationCostandGoodwill
Unit:RMB
Notetodeterminationmethodofthefairvalueofthecombinationcost,considerationandchanges:
Themainformationreasonforthelargegoodwill:
Othernotes:
(3)TheIdentifiableAssetsandLiabilitiesofAcquireeonPurchaseDate
Unit:RMB
CombinationcostFairvalueonpurchasedate
| Fairvalueonpurchasedate | Carryingvalueonpurchasedate |
Thedeterminationmethodofthefairvalueofidentifiableassetsandliabilities:
Contingentliabilityofacquireeundertakeninthebusinesscombination:
Othernotes:
(4)GainsorlossesfromRe-measurementofEquityHeldbeforethePurchaseDateatFairValueWhetherthereisatransactionthatthroughmultipletransactionstepbysteptorealizebusinesscombinationandgainingthecontrolduringtheReportingPeriod
□Yes√No
(5)NotestoReasonableConsiderationorFairValueofIdentifiableAssetsandLiabilitiesoftheAcquireethatCannotBeDeterminedontheAcquisitionDateorduringthePeriod-endoftheMerger
(6)OtherNotes
2.BusinessCombinationundertheSameControl
(1)BusinessCombinationundertheSameControlduringtheReportingPeriod
Unit:RMB
| Combinedparty | Proportionoftheequity | Basis | Combinationdate | Recognitionbasisofcombinationdate | Incomefromtheperiod-begintothecombinationdateoftheacquiree | Netprofitsfromtheperiod-begintothecombinationdateoftheacquiree | Incomeoftheacquireeduringtheperiodofcomparison | Netprofitsoftheacquireeduringtheperiodofcomparison |
Othernotes:
(2)CombinationCost
Unit:RMB
Contingentliabilitiesandchangesthereof:
Othernotes:
(3)TheCarryingValueofAssetsandLiabilitiesoftheCombinedPartyontheCombinationDate
Unit:RMB
CombinationcostCombinationdate
| Combinationdate | Period-endofthelastperiod |
Contingentliabilitiesofthecombinedpartyundertakeninthebusinesscombination:
Othernotes:
3.CounterPurchase
Basicinformationoftrading,thebasisoftransactionsconstitutecounterpurchase,theretainassets,liabilitiesofthelistedcompanieswhetherconstitutedabusinessanditsbasis,thedeterminationofthecombinationcosts,theamountandcalculationofadjustedrightsandinterestsinaccordancewiththeequitytransactionprocess:
4.DisposalofSubsidiaryWhetherthereisasingledisposaloftheinvestmenttothesubsidiaryandlostcontrol?
□Yes√NoWhetherthereareseveraldisposalsoftheinvestmenttothesubsidiaryandlostcontrols?
□Yes√No
5.ChangesinCombinationScopeforOtherReasonsNotetochangesincombinationscopeforotherreasons(suchasnewlyestablishmentorliquidationofsubsidiaries,etc.)andrelevantinformation:
| Nameofcompany | Waytogainequity | Timeandplaceofgainingequity | Capitalcontribution | Proportion |
| XiamenShenguomaoIndustryCitySmartServiceCo.,Ltd. | Newly-establishedsubsidiary | 17March2021 | Noactualcontributionyet | 51.00% |
| ShenzhenSZPRDSwallowLakeDevelopmentCo.,Ltd. | Newly-establishedsubsidiary | 1February2021 | 10,000,000.00 | 100.00% |
| VietnamShenguomaoRealEstateManagementCo.,Ltd. | Newly-establishedsubsidiary | 5January2021 | VND4.64million(approximatelyequivalenttoUSD200,000) | 100.00% |
6.Other
IX.EquityinOtherEntities
1.EquityinSubsidiary
(1)Subsidiaries
| Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | |||||
| ShenzhenHuangchengRealEstateCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| PRDGroupXuzhouDapengRealEstate | Xuzhou | Xuzhou | Realestate | 100.00% | Set-up | |
| DevelopmentCo.,Ltd. | ||||||
| DongguanInternationalTradeCenterChangshengRealEstateDevelopmentCo.,Ltd. | Dongguan | Dongguan | Realestate | 100.00% | Set-up | |
| PRDYangzhouRealEstateDevelopmentCo.,Ltd. | Yangzhou | Yangzhou | Realestate | 100.00% | Set-up | |
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenGuomaoMeishenghuoServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShandongShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | Jinan | Jinan | Realestate | 100.00% | Set-up | |
| ChongqingShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | Chongqing | Chongqing | Realestate | 100.00% | Set-up | |
| ChongqingAoboElevatorCo.,Ltd. | Chongqing | Chongqing | Service | 100.00% | Set-up | |
| ChongqingTianqueElevator | Shenzhen | Shenzhen | Service | 100.00% | Set-up |
| TechnologyCo.,Ltd. | ||||||
| ShenzhenGuoguanElectromechanicalDeviceCo.,Ltd. | Shenzhen | Shenzhen | Service | 100.00% | Set-up | |
| ShenzhenInternationalTradeCenterCateringCo.,Ltd. | Shenzhen | Shenzhen | Hotelsandcateringservices | 100.00% | Set-up | |
| ShenzhenPropertyEngineeringConstructionSupervisionCo.,Ltd. | Shenzhen | Shenzhen | Service | 100.00% | Set-up | |
| SZPRDCommercialOperationCo.,Ltd. | Shenzhen | Shenzhen | Service | 100.00% | Set-up | |
| ZhanjiangShenzhenRealEstateDevelopmentCo.,Ltd. | Zhanjiang | Zhanjiang | Realestate | 100.00% | Set-up | |
| 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 | |
| YangzhouSlenderWestLakeJingyue | Yangzhou | Yangzhou | Realestate | 51.00% | Set-up |
| PropertyDevelopmentCo.,Ltd. | ||||||
| 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 | |
| ShenzhenGuomaoScienceandTechnologyParkServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenJulianHumanResourcesDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Service | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenHuazhengpengPropertyManagementDevelopment | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol |
| Co.,Ltd. | ||||||
| SZPRDUrbanRenewalCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenPenghongyuanIndustrialDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Hotelsandcateringservices | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenJinhailianPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenSocialWelfareCo.,Ltd. | Shenzhen | Shenzhen | Healthandsocialwork | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFuyuanminPropertyManagementLimitedLiabilityCompany | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenMeilongIndustrialDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Service | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | Shenzhen | Shenzhen | Publicfacilitiesmanagement | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenJiayuanPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 54.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenHelinhuaConstructionManagement | Shenzhen | Shenzhen | Realestate | 90.00% | Businesscombinationunderthesamecontrol |
| Co.,Ltd. | ||||||
| ShenzhenZhongtongdaHouseXiushanServiceCo.,Ltd. | Shenzhen | Shenzhen | Constructionindustry | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenKangpingIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Retailbusiness | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenSportsServiceCo.,Ltd. | Shenzhen | Shenzhen | Manufacturingindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenTeacher’sHomeTrainingCo.,Ltd. | Shenzhen | Shenzhen | Retailbusiness | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenEducationIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Service | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenYufaIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Retailbusiness | 80.95% | Businesscombinationunderthesamecontrol | |
| SZPRDFuyuantaiDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenSZPRDSwallowLakeDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| XiamenShenguomaoIndustryCitySmartServiceCo.,Ltd. | Xiamen | Xiamen | Realestate | 51.00% | Set-up | |
| VietnamShenguomaoRealEstate | Vietnam | Haiphong | Realestate | 100.00% | Set-up |
Notestoholdingproportioninsubsidiarydifferentfromvotingproportion:
Basisofholdinghalforlessvotingrightsbutstillcontrollingtheinvesteeandholdingmorethanhalfofthevotingrightsbutnotcontrollingtheinvestee:
Significantstructuralentitiesandcontrollingbasisinthescopeofcombination:
BasisofdeterminingwhethertheCompanyistheagentortheprincipal:
Othernotes:
(2)SignificantNon-wholly-ownedSubsidiary
Unit:RMB
ManagementCo.,Ltd.
Name
| Name | Shareholdingproportionofnon-controllinginterests | Theprofitorlossattributabletothenon-controllinginterests | Declaringdividendsdistributedtonon-controllinginterests | Balanceofnon-controllinginterestsattheperiod-end |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 31.00% | -8,865,098.74 | 30,042,727.34 |
Holdingproportionofnon-controllinginterestsinsubsidiarydifferentfromvotingproportion:
Othernotes:
(3)TheMainFinancialInformationofSignificantNotWholly-ownedSubsidiary
Unit:RMB
| Name | Endingbalance | Beginningbalance | ||||||||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliability | Totalliabilities | Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliability | Totalliabilities | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 4,471,992,941.33 | 122,665,937.02 | 4,594,658,878.35 | 259,246,854.68 | 4,238,500,000.00 | 4,497,746,854.68 | 4,265,252,715.28 | 114,182,786.33 | 4,379,435,501.61 | 224,326,385.22 | 4,029,600,000.00 | 4,253,926,385.22 |
Unit:RMB
| Name | ReportingPeriod | Sameperiodoflastyear |
| Operatingrevenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | Operatingrevenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 0.00 | -28,597,092.72 | -28,597,092.72 | -128,433,288.91 | 0.00 | -107,760,717.87 | -107,760,717.87 | -386,770,711.35 |
Othernotes:
(4)SignificantRestrictionsonUsingtheAssetsandLiquidatingtheLiabilitiesoftheCompany
(5)FinancialSupportorOtherSupportsProvidedtoStructuralEntitiesIncorporatedintotheScopeofConsolidatedFinancialStatementsOthernotes:
2.TheTransactionoftheCompanywithItsOwner’sEquityShareChangedbutStillControllingtheSubsidiary
(1)NotetotheOwner’sEquityShareChangedinSubsidiary
(2)TheTransaction’sInfluenceontheEquityofNon-controllingInterestsandtheOwner'sEquityAttributabletotheCompanyastheParent
Unit:RMBOthernotes:
3.EquityinJointVenturesorAssociatedEnterprises
(1)SignificantJointVenturesorAssociatedEnterprises
| Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Accountingtreatmentoftheinvestmenttojointventureorassociatedenterprise | |
| Directly | Indirectly | |||||
| ShenzhenJifaWarehouseCo.,Ltd. | Shenzhen | Shenzhen | Warehouseservice | 50.00% | Equitymethod | |
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | Shenzhen | Shenzhen | Propertymanagement | 50.00% | Equitymethod |
Notestoholdingproportionofjointventureorassociatedenterprisedifferentfromvotingproportion:
Basisofholdinglessthan20%ofthevotingrightsbuthasasignificantimpactorholding20%ormorevotingrightsbutdoesnothaveasignificantimpact:
(2)MainFinancialInformationofSignificantJointVentures
Unit:RMB
| Endingbalance/ReportingPeriod | Beginningbalance/Thesameperiodoflastyear | |||
| ShenzhenJifaWarehouseCo.,Ltd. | Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | ShenzhenJifaWarehouseCo.,Ltd. | Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | |
| Currentassets | 6,213,512.64 | 56,097,390.28 | 5,408,927.72 | 56,100,422.58 |
| Ofwhich:Cashandcashequivalents | 5,913,628.39 | 35,276,287.69 | 5,408,401.36 | 35,387,944.60 |
| Non-currentassets | 81,016,675.52 | 64,884.81 | 75,370,802.09 | 49,234.16 |
| Totalassets | 87,230,188.16 | 56,162,275.09 | 80,779,729.81 | 56,149,656.74 |
| Currentliabilities | 2,842,873.98 | 26,494,743.63 | 2,671,881.97 | 26,716,095.36 |
| Non-currentliability | 16,194,507.11 | 16,120,967.63 | ||
| Totalliabilities | 2,842,873.98 | 42,689,250.74 | 2,671,881.97 | 42,837,062.99 |
| Equityofnon-controllinginterests | 84,387,314.18 | 13,473,024.35 | 78,107,847.84 | 13,312,593.75 |
| EquityattributableToshareholdersoftheCompanyastheparent | 42,193,657.09 | 6,736,512.18 | 39,053,923.92 | 6,656,296.88 |
| Portionofnetassetscalculatedaccordingtoproportionofshareholdings | 42,193,657.09 | 6,736,512.18 | 39,053,923.92 | 6,656,296.88 |
| Carryingvalueofequityinvestmenttojointventures | 42,193,657.09 | 6,736,512.18 | 39,053,923.92 | 6,656,296.88 |
| Operatingrevenue | 11,266,137.60 | 8,738,744.08 | 2,523,193.69 | 8,588,350.29 |
| Financeexpense | -268,242.57 | -23,928.26 | -2,946.63 | 24,599.52 |
| Incometaxexpense | 2,093,155.45 | 53,570.28 | 29,207.88 | 75,648.84 |
| Netprofit | 6,279,466.34 | 160,430.60 | 87,623.63 | 226,946.50 |
| Totalcomprehensiveincome | 6,279,466.34 | 160,430.60 | 87,623.63 | 226,946.50 |
Othernotes
(3)MainFinancialInformationofSignificantAssociatedEnterprise
Unit:RMB
| Endingbalance/ReportingPeriod | Beginningbalance/Thesameperiodoflastyear |
Othernotes
(4)SummaryFinancialInformationofInsignificantJointVenturesorAssociatedEnterprises
Unit:RMB
| Endingbalance/ReportingPeriod | Beginningbalance/Thesameperiodoflastyear | |
| Jointventures: | -- | -- |
| Thetotaloffollowingitemsaccordingtotheshareholdingproportions | -- | -- |
| Associatedenterprises: | -- | -- |
| Thetotaloffollowingitemsaccordingtotheshareholdingproportions | -- | -- |
Othernotes
(5)NotetotheSignificantRestrictionsontheAbilityofJointVenturesorAssociatedEnterprisestoTransferFundstotheCompany
(6)TheExcessLossofJointVenturesorAssociatedEnterprises
Unit:RMB
| 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.TheRiskRelatedtoFinancialInstruments
TheCompanyisengagedinriskmanagementtoachievebalancebetweenrisksandreturns,minimizingthenegativeeffectsofrisksonitsoperationperformanceandmaximizingtheinterestsofitsshareholdersandotherequityinvestors.Basedonthatriskmanagementgoal,thefundamentalstrategyofitsriskmanagementistoidentifyandanalyzevariousrisksfacingtheCompany,establishanappropriateriskbottomline,carryoutriskmanagementandmonitorvariousrisksinatimelyandreliablemannertocontrolthemwithinarestrictedscope.TheCompanyfacesvariousrisksrelatedtofinancialinstrumentsinitsroutineactivities,mainlyincludingcreditrisk,liquidityriskmarketrisk.Themanagementhasreviewedandapprovedthepoliciesofmanagingthoserisks,whicharesummarizedasfollows.CreditRiskCreditriskmeanstheriskoffinanciallossesincurredtotheotherpartywhenonepartyofafinancialinstrumentisunabletofulfillitsobligations.
1.CreditRiskManagementPractice
(1)CreditRiskEvaluationMethodOneachbalancesheetdate,theCompanyshallevaluatewhetherthecreditriskofrelevantfinancialinstrumentshasincreasedsignificantlysincetheinitialrecognition.Afterdeterminingwhetherthecreditriskhasincreasedsignificantlysincetheinitialrecognition,theCompanyshallconsiderobtainingreasonableandreliableinformationwithoutpayingunnecessaryextracostsorefforts,includingqualitativeandquantitativeanalysisbasedonhistoricaldata,externalcreditriskratingandforward-lookinginformation.Onthebaseofthesinglefinancialinstrumentorcombinationoffinancialinstrumentswithsimilarcreditriskcharacteristics,theCompanycomparestheriskofdefaultoffinancialinstrumentsonthebalancesheetdatewiththeriskofdefaultontheinitialrecognitiondatetodeterminethechangeofdefaultriskoffinancialinstrumentsduringtheirexpectedduration.Whenoneormoreofthefollowingquantitativeandqualitativecriteriaprevails,theCompanyshallbelievethecreditriskoffinancialinstrumentshasincreasedsignificantly:
1)Forthequantitativestandard,itcanbemainlyanalyzedfromtheprobabilityofdefaultfortheremainingdurationonthebalancesheetdaterisesbymorethanacertainproportioncomparedwiththeinitialconfirmation.
2)Forthequalitativestandard,itcanbemainlyanalyzedfromthemajoradversechangesinthedebtor'soperationorfinancial
situation,changesinexistingorexpectedtechnology,market,economyorlegalenvironmentwhichshallhavemajoradverseimpactsonthedebtor’srepaymentabilityoftheCompany,etc.
3)Theupperlimitisthatthedebtor’scontractpayment(includingprincipalandinterest)isoverdueformorethan90days.
(2)DefinitionofDefaultandCreditImpairment-AssetsWhenafinancialinstrumentmeetsoneormoreofthefollowingconditions,theCompanyshalldefinethefinancialassetashavingdefaulted,anditscriteriaareconsistentwiththedefinitionofhavingincurredcreditimpairment:
1)QuantitativeStandardThedebtorfailstomakethepaymentafterthecontractpaymentdateformorethan90days;
2)Qualitativecriteria①Thedebtorhasmajorfinancialdifficulties;②Thedebtorviolatesthebindingprovisionsonthedebtorinthecontract;③Thedebtorislikelytogobankruptorcarryoutotherfinancialrestructurings;④Thecreditorshallgivethedebtorconcessionsthatwillnotbemadeinanyothercircumstancesduetotheeconomicorcontractualconsiderationsrelatedtothedebtor'sfinancialdifficulties.
2.MeasurementofExpectedCreditLossKeyparametersoftheexpectedcreditlossmeasurementincludedefaultprobability,lossgivendefault,anddefaultriskexposure.TheCompanyconsidersthequantitativeanalysisandforward-lookinginformationofhistoricalstatisticaldata(suchascounterpartyrating,guaranteemethod,collateraltype,repaymentmethod,etc.)toestablishexposuremodelsofdefaultprobability,lossgivendefault,anddefaultrisk.
3.RefertoNoteVI(1),VI(2),VI(8)fordetailsofthereconciliationstatementsofbeginningbalanceandendingbalanceoffinancialinstrumentlossprovision.
4.CreditRiskExposureandCreditRiskConcentrationTheCompany’screditriskmainlycomesfrombankdepositsandaccountsreceivable.Tocontroltheaforementionedrelevantrisks,theCompanyhasadoptedthefollowingmeasures.
(1)BankdepositsTheCompanyplacesitsbankdepositswithfinancialinstitutionsofhighcreditratings.Thus,itscreditriskislow.
(2)AccountsreceivableTheCompanyconductscreditassessmentonthecustomerstradinginthemodeofcreditonaregularbasis.Basedonthecreditassessmentresult,theCompanychoosestotradewithrecognizedcustomerswithgoodcreditandmonitorthebalanceoftheaccountsreceivablefromthemtoensurethattheCompanywillnotfaceanysignificantbaddebtrisk.DuetotheCompanymerelytradeswiththeauthorizedthirdpartywithgoodcredit,theguaranteeisnotrequired.Creditriskconcentrationismanagedinaccordancewiththecustomers.Asof30June2021,therearecertaincreditconcentrationrisks,and
53.73%ofaccountsreceivableoftheCompany(55.41%on31December2020)comesfromtop5customersofbalance.TheCompanyhasn’theldanyguaranteeorothercreditenhancementforbalanceofaccountsreceivable.ThemaximumcreditriskexposuretheCompanyundertookshallbethecarryingvalueofeachfinancialassetinbalancesheet.LiquidityRiskLiquidityriskreferstotheriskoffundshortageoccurringwhentheCompanyfulfillsthesettlementobligationinthemodeofcashdeliveryorotherfinancialassets.Liquidityriskmayoriginatefromthefailuretosellfinancialassetsatfairvalueassoonaspossible;orfromtheotherparty’sfailuretopayoffitscontractualdebts;orfromtheearliermaturityofdebts;orfromthefailuretogeneratetheexpectedcashflow.Tocontroltherisk,theCompanycomprehensivelyadoptsbankloansasfinancingapproach,appropriatelycombinelong-termandshort-termfinancingmodesandoptimizethefinancingstructuretomaintainthebalancebetweenfinancingsustainabilityandflexibility.TheCompanyhasobtainedthelineofcreditfromanumberofcommercialbankstosatisfyitsoperationfundneedsandcapitalexpenditure.
Financialliabilitiesclassifiedbyremainingmaturity
| Item | Endingbalance | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1to3years | Over3years | |
| Bankloans | 3,556,900,000.00 | 4,189,654,287.20 | 247,390,194.73 | 491,931,024.39 | 3,450,333,068.08 |
| Accountspayable | 365,584,409.13 | 365,584,409.13 | 365,584,409.13 | ||
| Otherpayables | 898,163,208.62 | 898,163,208.62 | 898,163,208.62 | ||
| Currentportionofothernon-currentliabilities | 67,002,418.07 | 67,002,418.07 | 67,002,418.07 | ||
| Subtotal | 4,887,650,035.82 | 5,520,404,323.02 | 1,578,140,230.55 | 491,931,024.39 | 3,450,333,068.08 |
(Continued)
| Item | Beginningbalance | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1to3years | Over3years | |
| Bankloans | 3,587,800,000.00 | 4,314,545,187.20 | 184,013,456.59 | 499,101,299.39 | 3,631,430,431.22 |
| Accountspayable | 468,269,685.65 | 468,269,685.65 | 468,269,685.65 | ||
| Otherpayables | 834,939,937.05 | 834,939,937.05 | 834,939,937.05 | ||
| Currentportionofothernon-currentliabilities | 36,722,824.88 | 36,722,824.88 | 36,722,824.88 | ||
| Subtotal | 4,927,732,447.58 | 5,654,477,634.78 | 1,523,945,904.17 | 499,101,299.39 | 3,631,430,431.22 |
MarketRiskMarketriskmeansthefluctuationriskofthefairvalueoffinancialinstrumentsorthefuturecashflowduetomarketpricechanges.
1.InterestrateriskInterestrateriskmeansthefluctuationriskofthefairvalueoffinancialinstrumentsorthefuturecashflowduetochangesofmarketinterestrate.TheCompanyhasfacedtheinterestrateriskoffairvaluegeneratedfromthefinancialinstrumentwithinterestoffixedrate,andtheinterestrateriskofcashflowsgeneratedfromfinancialinstrumentwithinterestoffloatinginterestrate.TheCompanywilldeterminedtheproportionbetweenthefinancialinstrumentwithinterestoffixedrateandfloatinginterestrateaccordingtothemarketenvironment,aswellasreviewregularly,superviseandmaintainappropriateportfoliooffinancialinstrument.TheinterestrateriskofcashflowsfacingtheCompanyismainlyrelatedtothebankloanscalculatedbyfloatinginterestrateoftheCompany.Asof30June2021,undertheassumptionoffixedvariableswith50basispointschangedininterestrate,thebankloanwithRMB3,618,700,000.00(RMB3,618,800,000.00on31December2020)calculatedatfloatingratewillnotresultinsignificantinfluenceontotalprofitandshareholders’equityoftheCompany.
2.ForeignexchangeriskForeignexchangeratereferstotheriskthatmayleadtothechangesoffairvalueoffinancialinstrumentsorfuturecashflowsduetofluctuationinexchangerate.TheriskofchangesofexchangeratefacingtheCompanyismainlyrelatedtoforeigncurrencymonetary
assetsandliabilitiesoftheCompany.TheCompanyoperatesinmainlandChina,andthemainactivitiesarerecordedbyRMB.Thus,theforeignexchangemarketriskundertakenisinsignificantfortheCompany.
XI.TheDisclosureofFairValue
1.EndingFairValueofAssetsandLiabilitiesatFairValue
Unit:RMB
| Item | Endingfairvalue | |||
| Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
| I.Consistentfairvaluemeasurement | -- | -- | -- | -- |
| (III)Otherequityinstrumentinvestment | 773,704.00 | 773,704.00 | ||
| Totalamountofliabilitiesatfairvalue | 773,704.00 | 773,704.00 | ||
| II.Inconsistentfairvaluemeasurement | -- | -- | -- | -- |
2.MarketPriceRecognitionBasisforConsistentandInconsistentFairValueMeasurementItemsatLevel
OtherequityinstrumentheldbytheCompanybelongstostocksoflistedcompany,ofwhichtheclosingpriceofstockexchangeon30June2021shallberegardedasthefairvalue.
3.ValuationTechniqueAdoptedandNatureandAmountDeterminationofImportantParametersforConsistentandInconsistentFairValueMeasurementItemsatLevel2
4.ValuationTechniqueAdoptedandNatureandAmountDeterminationofImportantParametersforConsistentandInconsistentFairValueMeasurementItemsatLevel3
5.SensitivenessAnalysisonUnobservableParametersandAdjustmentInformationbetweenBeginningandEndingCarryingValueofConsistentFairValueMeasurementItemsatLevel3
6.ExplaintheReasonforConversionandtheGoverningPolicywhentheConversionHappensifConversionHappensamongConsistentFairValueMeasurementItemsatDifferentLevels
7.ChangesintheValuationTechniqueintheCurrentPeriodandtheReasonforSuchChanges
8.FairValueofFinancialAssetsandLiabilitiesNotMeasuredatFairValue
9.Other
XII.RelatedPartyandRelated-partyTransactions
1.InformationRelatedtotheCompanyastheParentoftheCompany
| Name | Registrationplace | Natureofbusiness | Registeredcapital | ProportionofshareheldbytheCompanyastheparentagainsttheCompany(%) | ProportionofvotingrightsownedbytheCompanyastheparentagainsttheCompany(%) |
| ShenzhenInvestmentHoldingsCo.,Ltd | Shenzhen | Managingstate-ownedassets | RMB28,009million | 56.96% | 56.96% |
Notes:InformationontheCompanyastheparentTheCompanyastheparentoftheCompanyisShenzhenInvestmentHoldingsCo.,Ltd.,anewly-establishedandorganizedstate-ownedcapitalinvestmentcompanybasedontheoriginalthreestate-ownedassetsmanagementcompaniesinOctober2004,amongwhichthemainfunctionistomanagethepartialmunicipalstate-ownedcompaniesaccordingtotheauthorizationofMunicipalSASAC.Asagovernmentdepartment,ShenzhenState-ownedAssetsSupervisionandAdministrationBureaumanagesShenzhenInvestmentHoldingsCo.,Ltd.onbehalfofPeople’sGovernmentofShenzhenMunicipality.ThefinalcontrolleroftheCompanyisShenzhenState-ownedAssetsSupervisionandAdministrationCommitteeofShenzhenGovernment.Othernotes:
2.SubsidiariesoftheCompany
RefertoNoteIXfordetails.
3.InformationontheJointVenturesandAssociatedEnterprisesoftheCompany
RefertoNoteIX-3fordetailsaboutsignificantjointventuresorassociatedenterprises.Informationonotherjointventureorassociatedenterpriseofoccurringrelated-partytransactionswiththeCompanyinReportingPeriod,orformingbalanceduetorelated-partytransactionsmadeinpreviousperiod:
| Name | RelationshipwiththeCompany |
OthernotesNotapplicable
4.InformationonOtherRelatedParties
| Name | RelationshipwiththeCompany |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| Wholly-ownedsubsidiaryofShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryofShenzhenBayTechnologyDevelopmentCo.,Ltd. |
| ShenzhenXinhaiHoldingCo.,Ltd. | TheCompanyastheparentofXinhaiRongyaoofsubsidiaryRongyaoRealEstatebynon-controllinginterests |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | SubsidiaryRongyaoRealEstatebynon-controllinginterests |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | JointventureoftheCompany |
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd. | JointventureoftheCompany |
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | AssociatedenterpriseoftheCompany |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Parentcompany'sgrandsoncompany |
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | Wholly-ownedsubsidiaryoftheparentcompany |
| ShenzhenBayAreaUrbanConstructionDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheparentcompany |
| VCEP | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenInfinovaLimited | SubsidiaryoftheCompanyastheparentoftheCompany |
| GUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | SubsidiaryoftheCompanyastheparentoftheCompany |
| GuosenSecuritiesCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
Othernotes
5.ListofConnectedTransactions
(1)InformationonAcquisitionofGoodsandReceptionofLaborServiceInformationonacquisitionofgoodsandreceptionoflaborservice
Unit:RMB
| Relatedparty | Content | ReportingPeriod | Theapprovaltradecredit | Whetherexceedtradecreditornot | Sameperiodoflastyear |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Managementservicefee | 36,898,826.16 | 80,000,000.00 | Not | 33,458,508.93 |
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | Projectarchitecturaldesignplan | 2,951,039.53 | 0.00 | ||
| ShenzhenInfinovaLimited | Informationmanagementsystem | 611,563.48 | |||
| GUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | Premiumsforpropertyinsurance | 112,834.59 |
Informationofsalesofgoodsandprovisionoflaborservice
Unit:RMB
| Relatedparty | Content | ReportingPeriod | Sameperiodoflastyear |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd | Propertyservicefee | 741,984.34 | 669,509.81 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Propertyservicefee | 28,502,992.03 | 18,958,078.79 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 2,805,356.45 | 0.00 |
| ShenzhenBayAreaUrbanConstructionDevelopmentCo.,Ltd. | Propertyservicefee | 986,445.32 | 713,736.06 |
| VCEP | Propertyservicefee | 3,126,797.59 | 0.00 |
| GuosenSecuritiesCo.,Ltd. | Propertyservicefee | 766,960.89 | 0.00 |
Notesonacquisitionofgoodsandreceptionoflaborservice
(2)InformationonRelated-partyTrusteeship/Contract
Listsoftrusteeship/contract:
Unit:RMB
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | IncomerecognizedinthisReportingPeriod |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | ShenZhenProperties&ResourcesDevelopment(Group)Ltd. | Investmentproperty | 6November2019 | 5November2025 | Marketpricing | 31,245,224.31 |
Notes:
Listsofentrust/contractee
Unit:RMB
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | ChargerecognizedinthisReportingPeriod |
Notes:
Notapplicable
(3)InformationonRelated-partyLeaseTheCompanywaslessor:
Unit:RMB
| Nameoflessee | Categoryofleasedassets | TheleaseincomeconfirmedintheReportingPeriod | TheleaseincomeconfirmedintheSameperiodoflastyear |
TheCompanywaslessee:
Unit:RMB
| Nameoflessor | Categoryofleasedassets | TheleasefeeconfirmedintheReportingPeriod | TheleasefeeconfirmedintheSameperiodoflastyear |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | Investmentproperty | 194,163.30 | 190,340.58 |
Notes:
(4)InformationonRelated-partyGuarantee
TheCompanywasguarantor:
Unit:RMB
| Securedparty | Guaranteeamount | Startdate | Enddate | Executionaccomplishedornot |
TheCompanywassecuredparty
Unit:RMB
| Guarantor: | Guaranteeamount | Startdate | Enddate | Executionaccomplishedornot |
Notes:
Notapplicable
(5)InformationonInter-bankLendingofCapitalofRelatedParties
Unit:RMB
| Relatedparty | Amount | Startdate | Enddate | Note |
| Borrowing | ||||
| Lending | ||||
(6)InformationonAssetsTransferandDebtRestructuringbyRelatedParty
Unit:RMB
| Relatedparty | Content | Reportingperiod | Sameperiodoflastyear |
(7)InformationonRemunerationforKeyManagementPersonnel
Unit:RMB
| Item | Reportingperiod | Sameperiodoflastyear |
| Remunerationforkeymanagementpersonnel | 5,087,564.50 | 6,604,773.44 |
(8)OtherRelated-partyTransactions
Notapplicable
6.AccountsReceivableandPayableofRelatedParty
(1)AccountsReceivable
Unit:RMB
| Item | Relatedparty | Endingbalance | Beginningbalance | ||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | ||
| Accountsreceivable | ShenzhenBayTechnologyDevelopmentCo., | 91,137,483.11 | 2,734,124.49 | 60,785,586.79 | 1,823,567.60 |
| Ltd. | |||||
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 1,475,498.61 | 44,264.96 | 1,465,286.24 | 43,958.59 | |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 1,412,291.35 | 42,368.74 | 583,120.29 | 17,493.61 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 0.00 | 0.00 | 8,357,589.14 | 250,727.67 | |
| Total | 94,025,273.07 | 2,820,758.19 | 71,191,582.75 | 2,135,747.48 | |
| Otherreceivables | ShenzhenXinhaiHoldingCo.,Ltd. | 401,499,990.18 | 0.00 | 401,499,990.18 | 0.00 |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | 330,472,932.33 | 0.00 | 330,472,932.33 | 0.00 | |
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 1,747,264.25 | 1,747,264.25 | 1,747,264.25 | 1,747,264.25 | |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 138,689.46 | 110,951.57 | 138,689.46 | 110,951.57 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 109,148.44 | 46,829.92 | 109,148.44 | 46,829.92 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 6,953,684.90 | 208,610.55 | 931,784.90 | 27,953.55 | |
| Total | 740,921,709.56 | 2,113,656.29 | 734,899,809.56 | 1,932,999.29 |
(2)AccountsPayable
Unit:RMB
| Item | Relatedparty | Endingcarryingamount | Beginningcarryingamount |
| Accountspayable | ShenzhenShentouProperty | 2,224,538.17 | 1,338,025.92 |
| DevelopmentCo.,Ltd. | |||
| Total | 2,224,538.17 | 1,338,025.92 | |
| Otherpayables | ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 18,606,526.07 | 14,781,098.23 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 67,127,452.96 | 29,944,314.56 | |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 360,752.18 | 360,752.18 | |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 38,796,665.14 | 35,796,665.14 | |
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd. | 5,214,345.90 | 5,214,345.90 | |
| Total | 132,330,280.42 | 86,097,176.01 |
7.CommitmentsofRelatedParty
AccordingtotheoverallplanoftheShenzhenMunicipalGovernmentontherestructuringofthestate-ownedassetsmanagementsystem,theState-ownedAssetsSupervisionandAdministrationCommissionofthePeople'sGovernmentofShenzhenMunicipaldecidedtoestablishShenzhenInvestmentHoldingsCo.,Ltd.(SIHC),mergingShenzhenInvestmentHoldingsCo.,Ltd.,ShenzhenManagement-InvestmentCompanyandShenzhenTradeInvestmentHoldingsCo.,Ltd.Asaresult,SIHCinherited63.82%oftheequityinterestsinthelistedcompanyShenZhenProperties&ResourcesDevelopment(Group)Ltd.(SZPRD)heldbyShenzhenInvestmentHoldingsCo.,Ltd.andShenzhenManagement-InvestmentCompanyinaccordancewiththelaw.On19October2018,SIHCobtainedtheConfirmationofSecuritiesTransferRegistrationregardingtheequityinterestofSZPRDandcompletedthetransferoftheequityinterestinSZPRD.InviewofthefactthatShenzhenUrbanConstructionDevelopment(Group)Co.Ltd.,ShenzhenSpecialEconomicZoneRealEstate&Properties(Group)Co.Ltd.andSZPRD,allwholly-ownedsubsidiariesofSIHC,areoperatingrealestatedevelopmentandcommercialpropertysalesbusiness,whichbelongtothesameindustry,andthereiscompetitioninthesameindustry.So,inordertoavoidcompetitioninthesameindustry,SIHChasmaderelevantcommitments,asdetailedinIIIFulfillmentofCommitmentsofPartVoftheAnnualReport2020.
8.Other
XIII.StockPayment
1.TheOverallSituationofStockPayment
□Applicable√Notapplicable
2.TheStockPaymentSettledinEquity
□Applicable√Notapplicable
3.TheStockPaymentSettledinCash
□Applicable√Notapplicable
4.ModificationandTerminationoftheStockPayment
5.Other
XIV.CommitmentsandContingency
1.SignificantCommitments
SignificantContingencyonBalanceSheetDate
| Item | Reportingperiod | Sameperiodoflastyear |
| Signedbutderecognizedinfinancialstatements—Largeamountcontract | 204,632,733.45 | 147,758,430.24 |
2.Contingency
(1)ImportantContingenciesExistingontheBalanceSheetDate
(1)TheactionabouttransferringJiabinBuildingcontentiousmatterIn1993,theCompanysignedRightofDevelopmentTransferContractofJiabinBuildingwithShenzhenJiyongPropertyDevelopmentCo.,Ltd.(hereinafterreferredtoas“JiyongCompany”).Sincethecontractwasnoteffectivelyexecuted,theCompanysubsequentlyfiledaseriesoflawsuitsagainstthepartiesinvolvedintheproject,buttheoutcomewasnotfavorabletotheCompany.Therefore,theCompanycalculatedandwithdrewbad-debtprovisionsforaccountsreceivablefromJiyongCompanyinfullinpastyearsforthetransferofJiabinBuilding.OnOctober31,2018,ShenzhenIntermediatePeople’sCourtmadeacivilawardandruledthattheCompany’sapplicationforthebankruptcyofJiyongCompanywouldnotbeaccepted.TheCompanyappealedagainsttheruling.OnApril29,2019,theGuangdongProvincialHigherPeople'sCourtruledtorejecttheCompany'sappealandmaintaintheoriginalruling.Asoftheissuancedateofthereport,thereisnonewprogressinthecase.
(2)Thecontentiousmattersinvolvedwithallrenovations,decorations,equipmentandfacilitiesinthefloors5-8ofHaiwaiLianyiBuildingIn2008,ShenzhenHailianGuestHouse,asubsidiaryoftheCompany,signedtheInternalContractofHailianGuestHouse,HouseLeasingContractwithCaiBaolin,obtainedtheuserightoftheroomsinthefloors5-8ofHaiwaiLianyiBuildingaccordinglyandfurtherestablishedShenzhenHailianHotelCo.,Ltd.forbusinessoperationoftherooms.Fortheabove-mentionedcontractswereterminated,CaiBaolinbroughtacivillawsuitagainstShenzhenHailianGuestHouse,ShenzhenJinhailianPropertyManagementCo.,Ltd.(“Jinhailian”)onalloftherenovation,decoration,equipmentandfacilitiesmadeandinstalledintherooms.ThePeople’sCourtatLuohuDistrict,ShenzhenCityissuedtheciviljudgment(2019)Yue0303MinChu4458onDecember26,2019andorderedJinhailiantoaccepttherenovation,decoration,equipmentandfacilitiesremaininginthefloors5-8ofHaiwaiLianyiBuildingbytheplaintiffCaiBaolinwithintendaysafterthejudgmentbecameeffective,andJinhailianshouldpaytheresidualvalueRMB2,396,947.00andCaiBaolinhadnorighttotheaboveassets.Inthisyear,theestimatedliabilitiesRMB2,396,947.00shallbeaccruedforJinhailianaccordingtotheamountofcompensationpayable.
(3)PhaseIarbitrationcaseofHigh-techZoneBranchSoftwareParkOn22February2021,ITCTechnologyParkHi-techZoneBranch,asubsidiaryoftheCompany,receivedanoticeofarbitrationfromShenzhenCourtofInternationalArbitrationinrelationtoadisputeoverapropertyservicecontractbetweentheowners'committeeandtheBranch,inwhichtheapplicantrequestedanawardfortheHi-techZoneBranchtoreturnalloperatingincomebalancesrelatingtopublicsitesandpremisesfortheperiodfrom2007to2020intheamountofRMB31,077,017.59andRMB635,929.44forfundoccupationfee,RMB288,641.00forarbitrationfeeandRMB300,000.00forattorneyfee,totalingRMB32,301,588.03.Thefirstsessionofthearbitrationhasbeenconcluded,andthepartiestothearbitrationhavedisputedthenumberofamountsinvolvedandhaveappliedforanauditbyathird-partyauditor,andarecurrentlywaitingfortheaudittobecarriedout.
(4)PhaseIarbitrationcaseofITCTechnologyParkHi-techZoneBranchInMarch2021,ITCTechnologyParkHi-techZoneBranch,asubsidiaryoftheCompany,receivedanoticeofarbitrationfromShenzhenCourtofInternationalArbitrationinrelationtoadisputeoverapropertyservicecontractbetweentheowners'committeeandtheBranch,inwhichtheapplicantrequestedforanawardtoreturntotheowners'committeetheprincipalamountofRMB9,893,677.82oftheoperatingincomebalancefortheperiodfrom2007to2012andthefundoccupationfeeofRMB3,272,665.99(basedon9,893,677.82,from1July2012,atanannualinterestrateof3.85%,provisionallycalculateduntil13January2021,actuallycalculateduntilthedateofliquidationoftherespondent),totalingRMB13,166,343.81.ThearbitrationfeesinthiscaseshallbebornebytheBranch;theattorney'sfeesofRMB30,000.00shallbebornebytheSci-techPark.TheaboveamountstotaledRMB13,196,343.81.Thefirstsessionofthearbitrationhasbeenconcluded,andthepartiestothearbitrationhavedisputedthenumberofamountsinvolvedandhaveappliedforanauditbyathird-partyauditor,andarecurrentlywaitingfortheaudittobecarriedout.
(2)InDespiteofnoSignificantContingencytoDisclose,theCompanyShallAlsoMakeRelevantStatementsTherewasnosignificantcontingencyintheCompany.
3.Other
Asarealestatedeveloper,theCompanyprovidesmortgageloanguaranteesforcommercialhousingpurchasersaccordingtotheoperationpracticeofrealestateindustryandpaysloandepositforthem.By30June2021,thebalanceofdepositnotdischargedwithguaranteewasRMB190,666,780.00,whichguaranteewillbedischargedwhenthemortgageloanispaidoff.XV.EventsafterBalanceSheetDate
1.SignificantNon-adjustedEvents
Unit:RMB
| Item | Content | Influencenumbertothefinancialpositionandoperatingresults | Reasonofinabilitytoestimateinfluencenumber |
2.ProfitDistribution
Unit:RMB
3.SalesReturn
4.NotestoOtherEventsafterBalanceSheetDate
XVI.OtherSignificantEvents
1.TheAccountingErrorsCorrectioninPreviousPeriod
(1)RetrospectiveRestatement
Unit:RMB
| Content | Processingprogram | Nameoftheinfluencedreportitemsduringcomparisonperiod | Accumulativeimpact |
(2)ProspectiveApplication
| Content | Processingprogram | Reasonforadoptingprospectiveapplication |
2.DebtRestructuring
3.AssetsReplacement
(1)Non-monetaryAssetsExchange
(2)OtherAssetsReplacement
4.PensionPlans
5.DiscontinuedOperations
Unit:RMB
| Item | Income | Expense | Totalprofit | Incometaxexpense | Netprofit | ProfitfromdiscontinuedoperationsattributabletoownersoftheCompanyastheparent |
Othernotes
6.SegmentInformation
(1)DeterminationBasisandAccountingPoliciesofReportableSegment
Inaccordancewiththeinternalorganizationstructure,managementrequirementsandinternalreportsystem,theCompanyidentifiedthereportablesegmentsbasedontheproductsegmentandassessedtheoperationalperformanceofivorybusiness,printingbusinessandlatexbusiness.Theassetsandliabilitiessharingwithothersegmentsshallbeproportionallydistributedamongsegmentsbyscales.
(2)TheFinancialInformationofReportableSegment
Unit:RMB
| Item | Realestate | Propertymanagement | Leasingbusiness | Offsetamongsegment | Total |
| Operationrevenue | 1,897,026,889.73 | 541,811,731.82 | 102,026,517.70 | 2,540,865,139.25 | |
| Operationcost | 256,248,450.98 | 451,542,753.54 | 46,493,821.72 | 754,285,026.24 | |
| Totalassets | 11,489,316,868.42 | 1,262,501,191.47 | 531,862,648.48 | 13,283,680,708.37 | |
| Totalliabilities | 8,054,816,541.98 | 845,103,655.07 | 179,043,100.87 | 9,078,963,297.92 |
(3)IfthereWasnoReportableSegment,ortheTotalAmountofAssetsandLiabilitiesofEachReportableSegmentCouldnotBeReported,RelevantReasonsShallBeClearlyStated
(4)Othernotes
7.OtherSignificantTransactionsandEventswithInfluenceonInvestors’Decision-making
8.OtherXVII.NotesofMainItemsintheFinancialStatementsoftheCompanyastheParent
1.NotesReceivable
(1)AccountsReceivableDisclosedbyCategory
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Accounts | 96,702, | 95.89 | 96,702, | 100.00 | 0.00 | 96,702, | 97.25% | 96,702, | 100.00 | 0.00 |
| receivableforwhichbaddebtprovisionseparatelyaccrued | 269.40 | % | 269.40 | % | 269.40 | 269.40 | % | |||
| Ofwhich: | ||||||||||
| Accountsreceivablewithdrawalofbaddebtprovisionbygroup | 4,149,112.75 | 4.11% | 133,021.15 | 3.21% | 4,016,091.60 | 2,735,781.29 | 2.75% | 111,280.87 | 4.07% | 2,624,500.42 |
| Ofwhich: | ||||||||||
| Total | 100,851,382.15 | 100.00% | 96,835,290.55 | 96.02% | 4,016,091.60 | 99,438,050.69 | 100.00% | 96,813,550.27 | 97.36% | 2,624,500.42 |
Accountsreceivableforwhichbaddebtprovisionseparatelyaccrued:96702269.40
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdrawal | |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93,811,328.05 | 100.00% | Involvedinlawsuitandwithnoexecutableproperty |
| ShenzhenTeweiIndustrialCo.,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 | -- | -- |
Accountsreceivableforwhichbaddebtprovisionseparatelyaccrued:
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdrawal | |
Withdrawalofbaddebtprovisionbygroup:133021.15
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Portfolioofcreditriskfeatures | 4,149,112.75 | 133,021.15 | 3.21% |
| Total | 4,149,112.75 | 133,021.15 | -- |
Notestothedeterminationbasisforthegroup:
Fordetails,pleaserefertoPartXIIFinancialStatement.Withdrawalofbaddebtprovisionbygroup:133021.15
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Within1year | 4,027,001.80 | 120,810.05 | 3.00% |
| 1to2years | 122,110.95 | 12,211.10 | 10.00% |
| Total | 4,149,112.75 | 133,021.15 | -- |
Notestothedeterminationbasisforthegroup:
Withdrawalofbaddebtprovisionbygroup:
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
Notestothedeterminationbasisforthegroup:
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable.
□Applicable√NotapplicableDisclosedbyaging
Unit:RMB
| Aging | Endingbalance |
| Within1year(including1year) | 4,027,001.80 |
| 1to2years | 122,110.95 |
| Over3years | 96,702,269.40 |
| Over5years | 96,702,269.40 |
| Total | 100,851,382.15 |
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheReportingPeriod
BadDebtProvisionWithdrawn,ReversedorRecoveredintheReportingPeriod:
Unit:RMB
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Write-off | Withdrawal | |||
| Baddebtprovisionwithdrawnseparately | 96,702,269.40 | 96,702,269.40 | ||||
| Baddebtprovisionwithdrawnbygroup | 111,280.87 | 21,740.28 | 133,021.15 | |
| Total | 96,813,550.27 | 21,740.28 | 96,835,290.55 |
Ofwhichsignificantamountofreversedorrecoveredbaddebtprovision:
Unit:RMB
| Nameofentity | Amountreversedorrecovered | Wayofrecovery |
(3)AccountsReceivablewithActualVerificationduringtheReportingPeriod
Unit:RMB
| Item | Amountverified |
Ofwhichtheverificationofsignificantaccountsreceivable:
Unit:RMB
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whethergeneratedfromconnectedtransactions |
Notestoverificationofaccountsreceivable:
(4)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtoArrearsParty
Unit:RMB
| Nameofentity | Endingbalanceofaccountsreceivable | Proportiontothetotalendingbalanceofaccountsreceivable | Endingbalanceofbaddebtprovision |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93.02% | 93,811,328.05 |
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2.81% | 2,836,561.00 |
| ShenzhenMeigeXiaziCateringManagementCo.,Ltd. | 813,549.60 | 0.81% | 24,406.49 |
| ShenzhenFeihuangIndustrialCo.,Ltd. | 694,630.00 | 0.69% | 20,838.90 |
| StateGrainSupplyChain(Shenzhen)Co.,Ltd. | 156,145.00 | 0.15% | 4,684.35 |
| Total | 98,312,213.65 | 97.48% |
(5)AccountsReceivableDerecognizedduetotheTransferofFinancialAssets
(6)TheAmountofAssetsandLiabilitiesGeneratedfromtheTransferandtheContinuedInvolvementofAccountsReceivableOthernotes:
2.OtherAccountsReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Otheraccountsreceivable | 151,322,779.82 | 145,325,697.20 |
| Total | 151,322,779.82 | 145,325,697.20 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
2)SignificantOverdueInterest
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentanditsjudgmentbasis |
Othernotes:
3)InformationofWithdrawalofBadDebtProvision
□Applicable√Notapplicable
(2)DividendReceivable
1)CategoryofDividendReceivable
Unit:RMB
| Item(orinvestees) | Endingbalance | Beginningbalance |
2)SignificantDividendsReceivableAgingover1Year
Unit:RMB
| Item(orinvestees) | Endingbalance | Aging | Reason | Whetheroccurred |
3)InformationofWithdrawalofBadDebtProvision
□Applicable√NotapplicableOthernotes:
(3)OtherReceivables
1)OtherReceivablesDisclosedbyAccountNature
Unit:RMB
impairmentanditsjudgmentbasisNature
| Nature | Endingcarryingamount | Beginningcarryingamount |
| Guaranteedeposit | 1,552,160.00 | 2,201,527.00 |
| Pettycash | 170,000.00 | |
| Paymentonbehalf | 19,510.00 | |
| Externalintercoursefunds | 23,851,692.45 | 23,305,386.85 |
| Intercoursefundstosubsidiary | 158,099,632.47 | 151,970,155.85 |
| Total | 183,673,484.92 | 177,496,579.70 |
2)InformationofWithdrawalofBadDebtProvision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2021 | 8,812,171.77 | 23,358,710.73 | 32,170,882.50 | |
| Balanceof1January2021inthecurrentperiod | —— | —— | —— | —— |
| Withdrawalofthecurrentperiod | 33,975.00 | 145,847.60 | 179,822.60 | |
| Balanceof30June2021 | 8,846,146.77 | 23,504,558.33 | 32,350,705.10 |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheReportingPeriod
□Applicable√NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Endingbalance |
| Within1years(including1year) | 158,306,643.86 |
| 1to2years | 69,600.00 |
| 2to3years | 50,000.00 |
| Over3years | 25,247,241.06 |
| 3to4years | 54,945.84 |
| 4to5years | 2,016.98 |
| Over5years | 25,190,278.24 |
| Total | 183,673,484.92 |
3)BadDebtProvisionWithdrawn,ReversedorRecoveredintheReportingPeriod
Informationofbaddebtprovisionwithdrawn:
Unit:RMB
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Write-off | Other | |||
| Baddebtprovisionwithdrawnseparately | 23,358,710.73 | 145,847.60 | 23,504,558.33 | |||
| Baddebtprovisionwithdrawnbygroup | 8,812,171.77 | 33,975.00 | 8,846,146.77 | |||
| Total | 32,170,882.50 | 179,822.60 | 32,350,705.10 | |||
OfwhichthebaddebtprovisionreversedorrecoveredwithsignificantamountduringtheReportingPeriod:
Unit:RMB
| Nameofentity | Amountreversedorrecovered | Wayofrecovery |
4)ParticularsoftheActualVerificationofOtherReceivablesduringtheReportingPeriod
Unit:RMB
| Item | Amount |
Ofwhichtheverificationofsignificantotherreceivables:
Unit:RMB
| Nameoftheentity | Nature | Amount | Reason | Procedure | Whetheroccurredbecauseofrelated-partytransactions |
Notestotheverificationofotherreceivables:
5)Top5oftheEndingBalanceofOtherReceivablesCollectedaccordingtotheArrearsParty
Unit:RMB
| Nameoftheentity | Nature | Endingbalance | Aging | Proportiontoendingbalanceoftotalotherreceivables% | Endingbalanceofbaddebtprovision |
| ShumYipPropertiesDevelopmentLimited | Intercoursefundstosubsidiary | 102,374,340.25 | Over5years | 55.74% | 7,022,616.20 |
| SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. | Intercoursefundstosubsidiary | 23,417,665.20 | 1-2years | 12.75% | 0.00 |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | Intercoursefundstosubsidiary | 18,147,317.91 | Within1year | 9.88% | 0.00 |
| SZPRDRealEstateDevelopmentCo.,Ltd. | Intercoursefundstosubsidiary | 9,200,000.00 | Within1year | 5.01% | 0.00 |
| ShanghaiYutongRealEstateCo.,Ltd. | Externalintercoursefunds | 5,676,000.00 | Over5years | 3.09% | 5,676,000.00 |
| Total | -- | 158,815,323.36 | -- | 86.47% | 12,698,616.20 |
6)AccountsReceivableInvolvingGovernmentSubsidies
Unit:RMB
| Nameoftheentity | Projectofgovernmentsubsidies | Endingbalance | Endingaging | Estimatedrecoveringtime,amountandbasis |
7)DerecognitionofOtherReceivablesduetotheTransferofFinancialAssets
8)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofOtherReceivablesOthernotes:
3.Long-termEquityInvestment
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Depreciationreserve | Carryingvalue | Carryingamount | Depreciationreserve | Carryingvalue | |
| Investmenttosubsidiaries | 1,093,829,880.39 | 68,364,000.00 | 1,025,465,880.39 | 1,093,829,880.39 | 68,364,000.00 | 1,025,465,880.39 |
| Investmenttojointventuresandassociatedenterprises | 67,912,318.10 | 18,983,614.14 | 48,928,703.96 | 64,693,834.93 | 18,983,614.14 | 45,710,220.79 |
| Total | 1,161,742,198.49 | 87,347,614.14 | 1,074,394,584.35 | 1,158,523,715.32 | 87,347,614.14 | 1,071,176,101.18 |
(1)InvestmenttoSubsidiaries
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Increase/decrease | Endingbalance(carryingvalue) | Endingbalanceofdepreciationreserve | |||
| Additionalinvestment | Reducedinvestment | Depreciationreservewithdrawn | Other | ||||
| ShenzhenHuangchengRealEstateCo.,Ltd. | 35,552,671.93 | 35,552,671.93 | |||||
| ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. | 30,950,000.00 | 30,950,000.00 | |||||
| SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | |||||
| DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. | 20,000,000.00 | 20,000,000.00 | |||||
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | 24,704,758.06 | 24,704,758.06 | |||
| ShenzhenPropertyConstructionSupervisionCo.,Ltd. | 3,000,000.00 | 3,000,000.00 | |||
| SZPRDCommercialOperationCo.,Ltd. | 62,821,767.90 | 62,821,767.90 | |||
| ZhanjiangShenzhenRealEstateDevelopmentCo.,Ltd. | 0.00 | 2,530,000.00 | |||
| ShumYipPropertiesDevelopmentCo.,Ltd. | 0.00 | 15,834,000.00 | |||
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | 0.00 | 50,000,000.00 | |||
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 508,000,000.00 | 508,000,000.00 | |||
| ShenzhenGuomaoScienceandTechnologyParkServiceCo.,Ltd. | 163,553,254.89 | 7,767,190.70 | 171,320,445.59 | ||
| SZPRDUrbanRenewalCo., | 126,883,427.61 | -7,767,190.70 | 119,116,236.91 |
| Ltd. | |||||
| Total | 1,025,465,880.39 | 0.00 | 1,025,465,880.39 | 68,364,000.00 |
(2)InvestmenttoJointVenturesandAssociatedEnterprises
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Increase/decrease | Endingbalance(carryingvalue) | Endingbalanceofdepreciationreserve | |||||||
| Additionalinvestment | Reducedinvestment | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | Changesofotherequity | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Other | ||||
| I.Jointventures | |||||||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 39,053,923.92 | 3,139,733.17 | 42,193,657.09 | ||||||||
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | 6,656,296.87 | 78,750.00 | 6,735,046.87 | ||||||||
| Subtotal | 45,710,220.79 | 3,218,483.17 | 48,928,703.96 | ||||||||
| II.Associatedenterprises | |||||||||||
| Shenzh | 18,983, | ||||||||||
| enWufangCeramicsIndustrialCo.,Ltd. | 614.14 | |||||
| Subtotal | 18,983,614.14 | |||||
| Total | 45,710,220.79 | 3,218,483.17 | 48,928,703.96 | 18,983,614.14 |
(3)OtherNotes
4.OperatingRevenueandCostofSales
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear | ||
| Operatingrevenue | Costofsales | Operatingrevenue | Costofsales | |
| Mainoperations | 31,762,623.21 | 17,990,848.30 | 25,828,330.02 | 15,835,977.53 |
| Otheroperations | 10,538,272.14 | 659,988.00 | ||
| Total | 42,300,895.35 | 18,650,836.30 | 25,828,330.02 | 15,835,977.53 |
Relevantinformationofrevenue:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |
| Ofwhich: | ||||
| Houseleasingbusiness | 42,300,895.35 | 42,300,895.35 | ||
| Ofwhich: | ||||
| Shenzhen | 42,300,895.35 | 42,300,895.35 | ||
| Ofwhich: | ||||
| Ofwhich: | ||||
| Ofwhich: | ||||
| Ofwhich: | ||||
| Ofwhich: |
Informationrelatedtoperformanceobligations:
Theincomeoftheparentcompanyinthisperiodwasallincomefromleasingbusiness.Informationrelatedtotransactionvalueassignedtoresidualperformanceobligations:
TheamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyetwasRMB0.00attheperiod-end,amongwhichRMBXXXwasexpectedtoberecognizedintheyear,RMBXXXintheyearand
RMBXXXintheyear.Othernotes:
5.InvestmentIncome
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 3,218,483.17 | 157,061.79 |
| Interestincomefromholdingofinvestmentsinotherdebtobligations | 59,818,841.72 | 62,416,928.73 |
| Total | 63,037,324.89 | 62,573,990.52 |
6.Other
XVIII.SupplementaryMaterials
1.ItemsandAmountsofNon-recurringProfitorLoss
√Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gains/lossesonthedisposalofnon-currentassets | -14,448.90 | |
| GovernmentgrantsrecognizedintheCurrentPeriod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 226,082.01 | |
| Gainsandlossesarisingfromcontingenciesunrelatedtothenormaloperationofthecompany'sbusiness | -114,571.79 | Litigationcompensation |
| Othernon-operatingincomeandexpenseotherthantheabove | 8,061,224.33 | Mainlyreceivedascompensationfordemolition |
| Less:Incometaxeffects | 1,836,539.53 | |
| Non-controllinginterestseffects | -195,286.42 | |
| Total | 6,517,032.54 | -- |
ExplainthereasonsiftheCompanyclassifiesanitemasannon-recurringgain/lossaccordingtothedefinitionintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—Non-recurringGainsandLosses,orclassifiesanyextraordinarygain/lossitemmentionedinthesaidexplanatoryannouncementasarecurrentgain/lossitem.
□Applicable√Notapplicable
2.ReturnonEquityandEarningsPerShare
| ProfitasofReportingPeriod | WeightedaverageROE(%) | EPS(Yuan/share) | |
| EPS-basic | EPS-diluted | ||
| NetprofitattributabletoordinaryshareholdersoftheCompany | 16.98% | 1.1349 | 1.1349 |
| NetprofitattributabletoordinaryshareholdersoftheCompanyafterdeductionofnon-recurringprofitorloss | 16.81% | 1.1240 | 1.1240 |
3.DifferencesbetweenAccountingDataunderDomesticandOverseasAccountingStandards
(1)DifferencesofNetProfitandNetAssetsDisclosedinFinancialReportsPreparedunderInternationalandChineseAccountingStandards
□Applicable√Notapplicable
(2)DifferencesofNetprofitandNetassetsDisclosedinFinancialReportsPreparedunderOverseasandChineseAccountingStandards
□Applicable√Notapplicable
(3)ExplainReasonsfortheDifferencesbetweenAccountingDataunderDomesticandOverseasAccountingStandards;foranyAdjustmentMadetotheDifferenceExistingintheDataAuditedbytheForeignAuditingAgent,SuchForeignAuditingAgent’sNameShallBeClearlyStated
4.Other